5-24-13 POSTS

[To today’s News / Topics]

Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! }

http://www.albertpeia.com/wobamaschoomgangbangin.wmv

What in the World Has Happened to the FBI/DOJ? FBI Nazi Bikers Bust FBI Nazi Group http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm

 [ Go Directly to Today’s Posts ]

Completely Surrounded By Psychopaths And Sociopaths As We Approach The Edge Of Societal Collapse

http://albertpeia.com/psycopathssociopathsamericasocietalcollapse.htm

{ Think about this! By wobama’s own criteria in his last total b***s*** campaign, he should be stepping down; having failed on all counts and then some. He also promised to cut the nation’s deficit in half by the end of his term; yet, he has increased the nation’s deficit by a record amount greater than all the presidents since Eisenhower COMBINED ($5 trillion). He has done this to help cover up his unequivocal failure by any standard by which you measure a presidency, including his own. People in america must show the Washingtonians they are not doormats! They must stand up and let these politicos know that results count; particularly promised results. Absent positive results as with unmitigated failure, choom-gang-banger wobama, they get the boot. President Romney deserves the 4 years he’ll have to turn this disaster called america around. If President Romney doesn’t cut the mustard in 4 years as promised, then he will be out. Results Count! I believe that people in the final analysis will choose self-respect; that is, choose NOT to be wobama’s doormat. Despite and contrary to wobama’s spin/propagandameisters’ desperate spin/outright falsity which addresses anything but wobama’s clear record of failure, President Romney is smart enough, flexible enough, and with a record of concrete results behind him as compared to wobama choom fantasy/b***s***, President Romney will be a hands-on President to the entire nation in the most positive sense. As such, I believe people will choose self-respect, reality, real results which will make President Romney’s election a substantial margin blowout victory!

Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … ) Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm }

Buchanan: 'Obama has steadily diminished both himself and the office he holds'... { Indeed he has; and, that’s putting it mildly! } ‘…In an ad produced by the super PAC Priorities USA, Mitt Romney is charged with moral, if not material, complicity in the cancer death of the wife of a Missouri steelworker. Speaking straight into the camera, Joe Soptic, 62, charges Romney with coldly shutting down the plant where he worked and cutting off his health insurance. This, says Soptic, left his wife without insurance to pay for her care, until, falling ill, she went to a doctor, who discovered stage 4 cancer, which killed her in 22 days.Soptic implies a causal connection between Romney’s decision to shut the plant and his wife’s death. The ad is a premeditated attempt to murder the reputation of Mitt Romney. And from start to finish, it is a deception. The truth. Mitt Romney gave up leadership of Bain Capital in 1999. The steel plant was closed in 2001. Soptic lost his health insurance, but his wife was still working and had hers. She lost her job and insurance in 2003. Her illness and cancer were discovered in 2006, when Romney was ending his fourth year as governor of Massachusetts…’ { It’s really quite amazing: everything but the facts/truth from wobama et als. Actually, wobama has a real tax evader in his ranks; viz., tiny tim geithner who asserted the statute of limitations to get out of paying taxes that were rightfully due. Should President Romney as a rational business man whose record at Bain was conceded by Bill Clinton to have been sterling have instructed his accountants to forget all they know about accounting/taxation and do a bad job (now doing a bad job is something that failed president wobama can identify with and knows something about). Then there’s dirty harry: Drudgereport: HARRY REID HELPS CHINESE SOLAR FIRM REPRESENTED -- BY HIS SON!
PAPER: It's time to fight back against Dirty Harry...
Wife: Rep. Jesse Jackson Jr. getting treatment but 'still very depressed'...
Ethics investigation continues...

BIASED MEDIA BASH: 86% of Romney coverage NEGATIVE... { Friday Humor: (obama last campaign) "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Wow! The only explanation might be they’ve been duped by wobama along with the rest of the nation and are too embarrassed for not doing their reasonably expected due diligence on grifter obama and just won’t own up to the reality of the fraud called wobama! Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … ) Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm [ the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’] } Boehner: Obama has 'never even had a real job, for God's sake'...
O BRINGS BACK TELEPROMPTER...
REPORT: Warnings ignored in Solyndra loan...
{ In the final analysis, I truly believe americans will prove they are not that dumb; that they are not going to be shamed by being fooled twice (fool me once, shame on you; fool me twice, shame on me); that they will let politicians everywhere know that results count! Keeping campaign promises counts! Hope and change…can you believe that wobama et als are actually saying that again? The audacity…eh, what the heck…he’s just a typical jive-talking black…cut him some slack…pathetic…The only reality for hope and change is hope that wobama changes. That’s not likely! He’s gotten by on b***s*** his entire life and is a desperate and total fraud! I believe this will be a reality-based high-margin blowout victory for President Romney! }

Janet Napolitano’s Little Love Nest at DHS

Prisonplanet.com | The Thomas More Law Center has announced that it has filed a federal lawsuit against Homeland Security Secretary Janet Napolitano.

Shocking Federal Lawsuit Against DHS Napolitano: Big Sis Favored Her Gal Pals, Treated Male Staffers “Like Lapdogs,” Her Female Staff Tormented Male Employees with “Sexually Charged Games” { Whoa! Lapdog to Napolitano! Whew! Ew! Wow! Yuck! After all, jano almost makes mo reno look like a beauty queen! I’m starting to get dry heaves! …In the suit Hayes also accused Napolitano’s chief of staff at ICE, Suzanne Barr, of repeated 'sexually offensive behaviour' intended to 'humiliate and intimidate male employees'.On one occasion, Barr called a colleague in his hotel room and screamed using sexually explicit language, telling him she 'wanted his c*** in the back of [her] throat' (of course, this impressionable lesbian must have seen ‘deep throat’; maybe she really thinks there’s a possibility she has a clitoris in the deep recesses of her throat…or not…just kidding). Might this be behind (pun) the sadistic groping of TSA. Pretty sordid stuff, indeed! } Hayes claims he 'felt that he was being targeted because of his gender' and witnessed Barr repeatedly picking on men. She 'created a frat-house type atmosphere that is targeted to humiliate and intimidate male employees', according to court papers. In 2009 she 'removed the entire contents of the offices of three male employees, including nameplates, computers and telephones, to the men’s bathroom at ICE headquarters'. Read more: http://www.dailymail.co.uk/news/article-2186507/Janet-Napolitano-favoured-woman-long-relationship-job.html#ixzz23ERN7rMx }

11 Things That Can Happen When You Allow Your Country To Become Enslaved To The Bankers

http://albertpeia.com/nationalconsequencesofenslavementtobankers.htm { I really have to tell you, I’d rather be enslaved by bankers than … Jano, see supra … Just kidding! Neither, is my real answer! }

Insider Exposes Bin Laden Death Book Hoax

Infowars.com | A book of lies geared to cover up more lies.

http://albertpeia.com/binladendeathbookhoax.htm

Obama campaign unleashing 'the Big Dog' in battleground states { Riiiiight! The big dog…who found a way to poop up the presidency after being gifted with a huge end of cold war peace dividend courtesy of predominantly Reagan. Yes, on route to blowing the job, despite his support for NAFTA, he did get quite a few…blow(n) jobs… http://albertpeia.com/bigdogpoop.htm }

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm { Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive niggers; and non-niggers should be outraged! } While most of America is suffering through one the worst economic downturns in U.S. history, the Obamas are living the high life at your expense.  During 2011, U.S. taxpayers spent an astounding 1.4 billion dollars on the Obamas.  Meanwhile, British taxpayers only spent 57.8 million dollars on the entire royal family.  Does anyone else see something wrong with this picture?  So where did the 1.4 billion dollars go?  That money paid the salaries of their staff members, it paid for their transportation and housing costs, it paid for entertainment and vacations for the Obamas, and $102,000 was even spent on a "dog handler" for the family dog Bo.  In his new book entitled "Presidential Perks Gone Royal: Your Taxes Are Being Used For Obama's Re-election", author Robert Keith Gray reveals some absolutely shocking details about the enormous amounts of U.S. taxpayer money that are being…’

New Threats to Riot if Obama Loses Election... [ The threats alone are a reason sufficient for backing President Romney. If left unchecked, the nigger terrorists will be even further emboldened to their already egregious criminal, terroristic ways. No man, woman, or child will be safe if the lethal black cancer grows. The 4 years of O have been complete, utter failure and no amount of wobama b***s*** and nigger intimidation can change that fact! Quite simply, niggers are inherently criminal terrorists: Examples of what people are saying include the following;

“If obama dont get re-elected & romney wins .. on life every white persons getting pistol whipped and im startin a riot.” (SOURCE)

“If Obama don’t win lets start a riot so Romney know what he’s getting himself into.” (SOURCE)

“You know you ain’t shit if you gotta “MAKE” Mafukas vote for ROMNEY ! …. Mannnn OBAMA better get back in office . Or BLACK FOLKS will riot.” (SOURCE)

“If Romney wins im goin on a rampage.” (SOURCE)

“If Mitt Romney wins the election I think its our duties as Black folks to riot and fuck shit up.” (SOURCE)

“If every action IS met with an equal and opposite reaction ..what should workers do to employers if Romney’s elected? #Riot in the streets!!” (SOURCE)

“If Romney becomes president let’s all start a riot.” (SOURCE)

“I Heard Mitt Romney , Tryna Take Away Food Stamps , If He Do .”IMA START A RIOT , IMA START A RIOT.” (SOURCE)

“If romney wins, imma start a mf’n riot! Rns.” (SOURCE) ]

[ Will The Election Results Cause Massive Riots To Erupt All Over America?
http://theeconomiccollapseblog.com http://albertpeia.com/massiveriotsinamerica.htm { Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm } ]

Farrakhan warns forces trying 'to keep America white'... { Another nigger threat! }
CHICAGOLAND: For second time, grandmother learns a grandson is shot to death...
5 dead, 25 wounded over weekend... { Just another day in niggerland! }

Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm } You can tell a lot about a person by the jewelry that they wear and by the things that they carry around in their pockets, and Barack Obama's "lucky charms" include a Hindu god, a Masonic emblem and a "wedding ring" that has the phrase "there is no god except Allah" inscribed on it.  So what do these things tell us about Barack Obama? …’ , 1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

Dave’s Daily: http://www.etfdigest.com ‘JOBLESS CLAIMS SNAFU 10-11-12 You can almost hear Jack Welch’s “I told you so” after Thursday’s Jobless Claims data was released…’

Jack Welch: I Was Right About That Strange Jobs Report

WSJ | The 7.8% unemployment figure released by the BLS last week is downright implausible.

{ How pathetic, desperate, corrupt and dishonest is the wobama et als’ latest manipulation … 10-11-12 Kass: " Labor Dept said one large state didn’t report additional quarterly figures as expected, accounting for a substantial part of the decrease." }

http://ransquawk.com News Headline Summary

Several factors have been attributed to the lower than expected US initial jobless claims number, including the following:

- The US Labor market noted that one state accounted for the entire drop.
…

Al Peia (posted to Yahoo News) What large state? Nobody seems to care. That state's going to pay for the scam/fraud/corruption. What state?! 10-18-12 Eureka-The failed obama welfare state, banana republic California!

50 Crazy Things That Obama Supporters Are Threatening To Do If Romney Wins

http://albertpeia.com/50crazythingswobamasupportersthreatening.htm

{ The question is do americans have the courage to stand up to the uncivilized terrorist niggers by giving the deserved boot to an egregiously failed president obama who has proven himself to be a typical jive-talking b***s*** nigger himself! Or, are americans going to cower in fear of the nigger threats and prove to the world they are but cowards of a failed nation. }

[ Will The Election Results Cause Massive Riots To Erupt All Over America?

http://theeconomiccollapseblog.com

http://albertpeia.com/massiveriotsinamerica.htm

{ Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

EPITAPH FOR AMERICA: Nothing quite succeeds like failure in america. I had tried to help underdog (and outsider and former missionary and hard worker and straight shooter) Mitt Romney by coming out early and unequivocally in support of him and change in the disastrous direction of america, unequivocally in decline. Importantly, that also gave me 'license' to say what needed saying but what everyone considers politically incorrect, impolitic, or brutally honest and/but are afraid to say. The key(s) to the election debacle here were the threat of riots and violence by the typical uncivilized niggers. After all, americans generally are without doubt an inherently cowardly people and war-mongering bullies as indicated by past and recent history. I saw this first hand by particularly that screaming old lady lying on the ground, blood streaming from her mouth, purse stolen by the nigger who calmly walked away as whites among others walked, passed her by in fear (see immediately infra). Truth be told, I bit my tongue and cringed at every Romney link to corrupt, venal war criminals/criminals/mobsters bushes, cheney, trump, kean, (republicans alito, et als) etc., who have substantially damaged me (along with referenced democrats, to be fair). Then there's that contra-indicated love-fest with war mongering/war crimes nation, illegal nuke totin' israel (almost more than I could bear). On the positive side, trusting in GOD only as I do, I must confess I was happy to see the destruction of the jersey shore and appropriately, rockaway beach, queens, new york (jersey mob and gambino crime family connection). A lesson to all, Romney particularly, never trust a half-breed sicilian former federal government slug; that rotund humpty dumpty christie of jersey infamy. Amazingly, the very people who've been and will prospectively be damaged by nothing more than a mentally troubled fraud, grifter, jive-talking b***s***/con artist obama, gave him the blind support he needed to prevail regardless of his unequivocally failed four years of prior broken campaign promises, reality, and rationality. Self-destructive, mentally challenged/troubled losers? That fits! That america is a hopelessly failed, bankrupt nation in decline, there is no question!

MSNBC Yet Again Implies Criticism of Obama Is Racist Paul Joseph Watson | General Electric-owned (49%) network is earning its federal bailout money. [Yet, it's holder / wobama who're the racists ... Robinson: King's dream remains unrealized (Washington Post) [ Yeah! That 'content of their character' thing's a b***ch to live up to ... just don't measure up! What's a white person to do, especially when black atty. General Holder with fellow black Obama's tacit approval is racist himself (themselves) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...'ignore cases that involve black defendants and white victims '. Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white people'... [ Typical ... ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security...

[ .. (the following incident is my personal experience: black perps, white victims)' ... while walking through Military Park (a sliver of a 'park' - more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion (limbic system / adrenalin flow) I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped / a crowd gathered / an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA's position with both felonies ( he went to prison - pled out ). The other case I wrote about here ( This was included on my website in the Psychology forum discussion of 'bystander effect' / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparently had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp (a police officer here in California was the object of intense criticism for having used a flashlight to subdue a criminal after a long chase so I included that here) . The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal went to jail (where they belong). The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so. I was also mugged by 4 blacks and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves 'whites' http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm ]

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

Thousands Of Shocking Threats Of Violence By Obama Supporters On The Eve Of The Election
http://theeconomiccollapseblog.com
http://albertpeia.com/funlovinniggers.htm
{These dumb niggers/losers (that includes ‘the white folks’ et als self-destructively supporting unequivocally failed, jive-talking grifter, nigger obama) are nothing less than terrorists and should be treated accordingly; unless the so-called ‘war on terror’ was but a diversion from the incompetence and failure of this and prior administrations! }

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm { Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

Lakers hire Mike D’Antoni as coach, passing on Phil Jackson Phil Jackson was “asking for the moon,” according to a source familiar with the situation. Mike D'Antoni's Lakers contract is three guaranteed years at $12 million { Phil was just being nice. He certainly doesn ’t need the money; and, I must say, I would have lost a lot of respect for him had he done a deal with them. After all, given all he’d done for the lakers, the way they (ie., jerry west bad mouthed him, ie., lifestyle, beliefs, choice of location, etc.) bad mouthed him, I personally would have told them to go f*** themselves [ I essentially did as much with my two largest jersey clients who asked that I return to representing them after the ‘split’ with them, which would have meant long-term mob ‘affiliation’ (and as per their thinking/protocol an ‘obligation’), albeit tacitly; although I must say I hadn’t anticipated fully the pervasive clout of the mob in jersey and infiltration of the equally corrupt federal system there and elsewhere and the dire consequences they contrived for me thereafter- la/ca better, but not much- and, though California was deservingly rated lowest recently among all places in the states to live, Malibu excepted, I would put jersey lower than california; and, prospectively, there’s disaster in a big way rivaling/exceeding jersey shore/rockaway beach queens new york in proportion ‘a-coming’. ] You can’t take it with you. In the end, all you really have is your spirit, dignity/integrity, self-respect, all of which are sorely lacking in america generally, and california/new jersey/new york/connecticut/virginia especially. The recent ‘election’ also confirms this very american trend of corruption, decline, and abject failure. Phil Jackson will always be a winner, a champion! }

The failed banana republic/welfare state of california, for wobama with eyes closed, a corruption/fraud/crime-ridden state desperate to help 4 year failure obama by whatever fraudulent/corrupt means:

‘…Business Insider's Henry Blodget claiming that "Well, we're glad to say that we've finally gotten to the bottom of what happened" and that the state in question is none other than California (supposedly as opposed to Illinois to shut up those wacky conspiracy theorists). Turns out the site known best for its slideshow presentations (which will soon double down as advertisements) may have once again fibbed just a little, following an official demand by none other than California state Employment Development Department direct, Pam Harris (the typical lying nigger), that BI retract its article. To wit: "Reports that California failed to fully report data to the U.S. Department of Labor, as required, are incorrect and irresponsible... It’s unfortunate this ‘reporter’ and others who repeated the article’s erroneous statements chose to speculate rather than report, failing to confirm this information with EDD." Sure enough, the 'reporter' in question replied, and it appears that Business Insider is better informed than California when it comes to matters such as these, and has refused to retract…’

http://www.marketwatch.com/story/ignore-volatile-jobless-data-hiring-still-slow-2012-10-18

‘…The culprit: California. The nation’s most populous state appears to have shown a smaller number of claims than usual two weeks ago. The seeming shortfall was probably made up for in the most recent data. Since California is the state with the highest number of overall claims, it can have a big influence on the weekly U.S. report. The number of people who apply for benefits each week in the Golden State is roughly equal to New York, Texas and Illinois combined. A message left with the employment development department of California wasn’t immediately returned…’

What can you expect from niggers...0! The niggerization of california: 10 states stealing California's population { Stealing? I don’t think so. There’s really nothing positive to say about california as a (w)hole! Only jersey is worse! http://albertpeia.com/calihole.htm And, as recently as the Reagan ‘80’s that was not nearly the case concerning california which has fallen far and fast. } , What Do California And Detroit Have In Common? (Hint: niggers, etc.) http://albertpeia.com/californiadetroitdeclineincommon.htm Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm Pro 0 New York’s not much better with their trillion dollar wall street frauds/drain.

FACEBOOK RESPONSE:

Bob: I'm 100% behind law enforcement in their ever more increasingly difficult task of law enforcement, in this ever more lawless nation, particularly in meaningfully lawless new jersey. Unfortunately, when I went to vote, I was asked to grant facebook broad 'authority' which as a matter of internet policy (to prevent a multitude of problems, hacking, etc.) I don't do (facebook's very politicized in a pro-wobama way and hooked into those goldman frauds et als, on fraudulent wall street). Since wobama people do it, you can put in an extra vote on my behalf. I'm currently stonewalled awaiting a formal reply from the fbi inasmuch as I must account for my time wherever I ultimately locate. Below is some recent posted commentary and a response to Congresswoman Roybal-Allard as per her request (I did not receive a reply from Sen. Feinstein regarding the aforesaid matters). Hope you and your family are well.

Regards,

Al

Dianne Feinstein: No need to debate Republican opponent... { Riiiight! Things are going so swimmingly (as in drowning) for the nation and california particularly. Actually, I responded to a ‘generic’ email / facebook request from her with my subsequent request that she help to elicit a formal response from the FBI as promised regarding the RICO matters (the other incompetent, failed perennial senator barbara boxer actually had ‘made her presence known’ in the corrupted process regarding usdcj matz/lester and the default of the u.s. which missed the filing date which error was compounded by the misstatement of the rule in court on the record by asst. us attorney robert i. lester); but, no response... http://albertpeia.com/selfdefense.htm [ One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! ]

11-5-11 Dear Congresswoman Roybal-Allard:

The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:

‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’

Sincerely,

Albert L. Peia

America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm

Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

Guest Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words! It’s been my direct experience for quite some time now and is quite a pathetic scenario! } Legal precedent means nothing. Rule of law means nothing. Free speech means nothing. Their own treaties mean nothing. It’s unbelievable. Anyone in the west who honestly thinks he’s still living in a free society is either a fool or completely out of touch. If that seems too radical an idea, consider that ECUADOR is now the only nation which stands to defend freedom and human rights against an assault from the United States, the United Kingdom, and their spineless allies. The west has just become a giant banana republic. Have you hit your breaking point yet? If not now… when? { { I’m really constrained to interject my own direct experience with the FBI here; and, I must say I do so lamentably. If you want no real results vis-à-vis organized crime which now extends to the upper reaches, highest levels of the corrupt u.s. government, go to the FBI. I discounted the new jersey FBI as just typical corrupt, mob infested jersey which thinks in terms of discos/casinos. But, truth be told, they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their (understated) crime stats for even a second. I’m beginning to feel foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters directly who seem to have at least some sense of the magnitude of the fraud involved and the pervasive corruption of the system and government and maybe a semblance of honor in this nation of protracted decline. It never would have occurred to me back when for me, such a choice/decision was clear-cut and simple. Such a course as mine I no longer could recommend inasmuch as there is little difference between state/government sponsored crime/corruption and that perpetrated by other criminal elements, from my direct experience with both, infra: Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some federal workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the properties in my proceedings for which surplus funds are unaccounted for was a top floor balconied 2 bedroom 1 and 1/2 bath condominium (beach/boardwalk front w/indoor pool/sauna) in seaside heights, n.j. –10-31-12 Post Sandy: I’m wondering if it’s still there. ). But debauchery an american specialty? Another rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in the illegal drug trade). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city boy louis freeh, labeled by former Prosecutor Larry Klayman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.

[ Today’s Posts ]

It should be emphasized that the wobama favored contraindicated QE’s and fiat paper currency printing/debasement IS a policy for the wealthy that’s destroyed/is destroying the middle class! Wake up! That’s reality!

It’s Not a “Fiscal Cliff” … It’s the Descent Into Lawlessness

Posted by: George Washington

It’s Not a Tax or Spending Problem … It’s a Devolution Into Lawlessness

http://albertpeia.com/americasdescentintolawlessness.htm

{ That’s certainly been my direct experience; and I’ve been warning and ‘yelling from the rooftops’. Nobody listened! Now it’s time to pay the piper! : Chief Justice John Roberts Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm … }

Are We Entering The Worst Period For Natural Disasters In U.S. History?

http://albertpeia.com/usnaturaldisasters.htm

The Colorado River, The High Plains Aquifer And The Entire Western Half Of The U.S. Are Rapidly Drying Up

http://albertpeia.com/dry.htm

Will It Be Inflation Or Deflation? The Answer May Surprise You

http://albertpeia.com/inflationdeflation.htm

{ I believe he is correct; both, america having adopted the zimbabwee economic/fraud model. }

America’s Bubble Economy Is Going To Become An Economic Black Hole

http://albertpeia.com/usbubbleeconomicblackhole.htm

7 Things About The Mainstream Media That They Do Not Want You To Know

http://albertpeia.com/7thingsaboutmainstreammedia.htm

MarketWatch Moody's could downgrade U.S. debt in 2013: report

10 Amazing Charts That Demonstrate The Slow, Agonizing Death Of The American Worker

http://albertpeia.com/deathoftheamericanworker.htm

An Even Bigger Scandal: Why Are IRS Audits Being Used To Punish Obama’s Political Enemies?

http://albertpeia.com/irsauditsusedonpoliticalfoes.htm

{ The time has come to call a spade a spade because the reality is that they are spades! }

An Interview With Barack Obama About The IRS Scandal, AP Phone Records And Benghazi

http://albertpeia.com/obummerirsapbenghazi.htm

10 Scenes From The Economic Collapse That Is Sweeping Across The Planet

http://albertpeia.com/scenesfromeconomiccollapse.htm

Shut Them Down! – Payday Loan Companies Are Making Billions Preying On The Misery Of The Poor

http://albertpeia.com/paydayloans.htm

Did Obama Know Too? IRS Officials Knew Patriots And Tea Party Groups Were Being Targeted 2 Years Ago

http://albertpeia.com/irstargets.htm

America’s Roads Have Been Turned Into A Revenue Generating Surveillance Grid

http://albertpeia.com/surveillancegrid.htm

Are We On The Verge Of Witnessing The Death Of The Paper Gold Scam?

http://albertpeia.com/deathofpapergoldscam.htm

The Price Of Copper And 11 Other Recession Indicators That Are Flashing Red

http://albertpeia.com/recessionindicatorsflashingred.htm

29 Shocking Facts That Prove That College Education In America Is A Giant Money Making Scam

http://albertpeia.com/collegedscam.htm

The U.S. Government Is Monitoring All Phone Calls, All Emails And All Internet Activity

http://albertpeia.com/usgovmonitoringall.htm

11 Reasons Why The Federal Reserve Should Be Abolished

http://albertpeia.com/fedreserveshouldbeabolished.htm

Where Is The Recovery? A Higher Percentage Of Americans Had Jobs Three Years Ago

http://albertpeia.com/whatrecovery.htm

They Are Murdering Small Business: The Percentage Of Self-Employed Americans Is At A Record Low

http://albertpeia.com/recordlowselfemployed.htm

When Is The Government Going To Shut Down Bitcoin?

http://albertpeia.com/governmentshutdownofbitcoin.htm

22 Facts That Prove That The Bottom 90 Percent Of America Is Systematically Getting Poorer

http://albertpeia.com/90percentofamericapoorer.htm

Will The New Housing Bubble That Bernanke Is Creating End As Badly As The Last One Did?

http://albertpeia.com/newbubblebigburst.htm

20 Signs That The Next Great Economic Depression Has Already Started In Europe

http://albertpeia.com/greatdepressionhasbegun.htm

The More Illegal Immigrants That Go On Food Stamps The More Money JP Morgan Makes

http://albertpeia.com/usfoodstampstrategy.htm

UNPRECEDENTED Shortages Of Ammo, Physical Gold And Physical Silver

http://albertpeia.com/unprecedentedshortages.htm

Child Hunger Is Exploding In Greece – And 14 Signs That It Is Starting To Happen In America Too

http://albertpeia.com/childhungeringreeceandamerica.htm

America The Fallen: 24 Signs That Our Once Proud Cities Are Turning Into Poverty-Stricken Hellholes

http://albertpeia.com/americanhellholes.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

Mourn For America: Whenever A Tragedy Happens They Take Even More Freedom From Us

http://albertpeia.com/mournforamerica.htm

10 Signs The Takedown Of Paper Gold Has Unleashed An Unprecedented Global Run On Physical Gold And Silver

http://albertpeia.com/globalrunonphysicalgoldsilver.htm

History Tells Us That A Gold Crash + An Oil Crash = Guaranteed Recession

http://albertpeia.com/goldcrashplusoilcrashequalsrecession.htm

…The Takedown Of Gold A Sign That The Entire Global Financial System Is About To Crash … ?

http://albertpeia.com/globalfinancialsystemcrash.htm

‘…So who is behind all of this orchestration?  Well, according to Dr. Paul Craig Roberts, it is actually the Federal Reserve... The Federal Reserve began its April Fool’s assault on gold by sending the word to brokerage houses, which quickly went out to clients, that hedge funds and other large investors were going to unload their gold positions and that clients should get out of the precious metal market prior to these sales. As this inside information was the government’s own strategy, individuals cannot be prosecuted for acting on it. By this operation, the Federal Reserve, a totally corrupt entity, was able to combine individual flight with institutional flight. Bullion prices took a big hit, and bullishness departed from the gold and silver markets. The flow of dollars into bullion, which threatened to become a torrent, was stopped. In fact, Dr. Roberts says that former Goldman Sachs trader Andrew Maguire is reporting that the Fed orchestrated the dumping of 500 tons of naked gold shorts into the market on Friday... According to Andrew Maguire, on Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale. If he doesn’t have the item, he borrows it from someone who does, putting up cash collateral equal to the current market price. Then he sells the item, waits for it to fall in price, buys it back at the lower price and returns it to the owner who returns his collateral. If enough shorts are sold, the result can be to drive down the market price. As Dr. Roberts noted, this represents an absolutely massive amount of gold... Consider the 500 tons of paper gold sold on Friday. Begin with the question, how many ounces is 500 tons? There are 2,000 pounds to one ton. 500 tons equal 1,000,000 pounds. There are 16 ounces to one pound, which comes to 16 million ounces of short sales on Friday. Who has 16 million ounces of gold? At the beginning gold price that day of about $1,550, that comes to $24,800,000,000. Who has that kind of money? … A WHOLE LOT OF PEOPLE NEED TO BE CRIMINALLY INVESTIGATED. Meanwhile, many are considering this takedown of gold to be an ominous sign that another major financial crisis may be heading our way. Just remember what happened back in 2008.  As Zero Hedge noted on Monday, the price of gold suddenly plunged 21 percent in July 2008.  That was just a couple of months before the U.S. stock market crashed in the fall...’

100 Years Old And Still Killing Us: America Was Much Better Off Before The Income Tax

http://albertpeia.com/incometaxkillingus.htm

11 Economic Crashes That Are Happening RIGHT NOW

http://albertpeia.com/11economiccrasheshappeningnow.htm

Why Are The Banksters Telling Us To Sell Our Gold When They Are Hoarding Gold Like Crazy?

http://albertpeia.com/bankstershoardinggold.htm

The Tunnel People That Live Under The Streets Of America

http://albertpeia.com/tunnelpeopleofamerica.htm

25 Things That You Should Do To Get Prepared For The Coming Economic Collapse

http://albertpeia.com/25thingsprepareforeconomiccollapse.htm

More Than 101 Million Working Age Americans Do Not Have A Job

http://albertpeia.com/morethan101millionwojobs.htm

Billionaires are Dumping Stocks http://albertpeia.com/billionairesdumpingstocks.htm

21 Statistics About The Explosive Growth Of Poverty In America That Everyone Should Know

http://albertpeia.com/21statsexplosivegrowthofuspoverty.htm

ALERT: All Of The Money In Your Bank Account Could Disappear In A Single Moment

http://albertpeia.com/bankaccountswipedout.htm

The Big Banks Are Recklessly Gambling With Our Money, And It Will Cause The Global Financial System To Collapse

http://albertpeia.com/banksgamblingwithyourmoney.htm

This Is What It Feels Like To Have Your Life Savings Confiscated By The Global Elite

http://albertpeia.com/savingsconfiscation.htm

Cyprus-Style “Bail-Ins” Are Proposed In The New 2013 Canadian Government Budget!

http://albertpeia.com/canuckleheads.htm

‘THE MAN WHO PREDICTED JAPAN’S LOST DECADE… THE RECESSION OF 1990-92… THE BIGGEST BULL MARKET RUN IN U.S. HISTORY… AND MOST RECENTLY, THE 2008 CREDIT CRISIS AND STOCK MARKET CRASH… NOW PREDICTS:

"DOW 3300!" http://albertpeia.com/dow3300.htm

Yes, today the Dow Jones Average may be near historic highs…
but it won’t be for long! The Dow will drop.

Unemployment will move higher again, to roughly 15% nationwide. It could go as high as 25%

when you include long-term unemployed in the numbers.

Housing prices will fall an additional 30%, despite the biggest stimulus plan in history and the

lowest mortgage rates in 40 years.

Personal bankruptcies and property foreclosures will soar as much as 30%. Consumers are

simply saddled with too much debt — $42 trillion or $140,000 for every man, woman and

child in America — for there to be any other outcome. Falling income will only make matters

worse.

State and municipal governments will be forced into default, especially at the city and country

level. Their budgets are already in crisis and the Federal Reserve is running out of money with

which to cushion these institutions.

The Federal deficit will balloon from $1.3 trillion to as much as $3 trillion because of huge revenue

shortages.

The global credit crisis – phase II – will continue to spread around the globe like a contagious

virus. Greece is already down. Spain will be next.

A second banking crisis will out, despite the lessons “learned” in 2008. Mortgage companies have

resumed offering low interest, no principal “teaser” loans. Investment banks have begun taking unnecessary risks again. And this time, there’ll be no money for a bailout.

ALL OF THIS WILL SEND THE DOW AND OTHER INDEXES TUMBLING AS MUCH AS 70%. IN FACT, WE EXPECT THE DOW TO PLUNGE BACK DOWN TO 3,300 BY LATE 2014.

The Global Elite Are Very Clearly Telling Us That They Plan To Raid Our Bank Accounts

http://albertpeia.com/elitesraidingbankaccounts.htm

{ 30 Population Control Quotes That Show That The Elite Truly Believe That Humans Are A Plague Upon The Earth http://albertpeia.com/humanplagueonearth.htm , http://albertpeia.com/45signsamericatinyelitemajoritypoor.htm , Corporatism: A System Of Control Designed By The Monopoly Men Of The Global Elite http://albertpeia.com/corporatistcontrol.htm , 29 Signs That The Elite Are Transforming Society Into A Total Domination Control Grid http://albertpeia.com/dominationcontrolgrid.htm { First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently, primitive apes. See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. } [ 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said: The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing
http://albertpeia.com/planetalreadyruined.htm ] The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

Words Of Warning: Get Your Money Out Of European Banks

http://albertpeia.com/warninggetmoneyoutofbanks.htm

Mass Panic In Cyprus: The Banks Are Collapsing And ATMs Are Running Out Of Money

http://albertpeia.com/masscollapseincypress.htm

Why Is The World Economy Doomed? The Global Financial Pyramid Scheme By The Numbers

http://albertpeia.com/worldeconomydoomed.htm

{ And, truth be told, with just decades left at best, not just the economy! }

Will The Banking Meltdown In Cyprus Be A “Lehman Brothers Moment” For All Of Europe?

http://albertpeia.com/bankingmeltdown.htm

The Great Cyprus Bank Robbery Shows That No Bank Account, No Retirement Fund And No Stock Portfolio Is Safe

http://albertpeia.com/noaccountfundportfoliosafe.htm

After The Banksters Steal Money From Bank Accounts In Cyprus They Will Start Doing It EVERYWHERE

http://albertpeia.com/bankstersstealingagain.htm

An Orwellian America Submitted by Tyler Durden on 03/15/2013 - The state, crippled by massive deficits, endless war and corporate malfeasance, is clearly sliding toward unavoidable bankruptcy. It is time for Big Brother to take over from Huxley’s feelies, the orgy-porgy and the centrifugal bumble-puppy. We are transitioning from a society where we are skillfully manipulated by lies and illusions to one where we are overtly controlled. We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance... We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance.

17 Signs That A Full-Blown Economic Depression Is Raging In Southern Europe … U.S. Next?

http://albertpeia.com/euusdepression.htm

Denial Is Not Just A River In Egypt: 10 Hilarious Examples Of How Clueless Our Leaders Are About The Economy

http://albertpeia.com/usleaderscluelessoneconomy.htm

The Chart That Proves That The Mainstream Media Is Lying To You About Unemployment

http://albertpeia.com/mainstreammediasunemploymentlies.htm

Barclays: "Equities Surge Masks Real Fragilities" Submitted by Tyler Durden on 03/08/2013

Stocks Are At New Highs… But We’re All Poorer For It

http://albertpeia.com/stockshighsfromcurrencyprintingbutwearepoorerandcrashcoming.htm

Marketwatch Paul B. Farrell Your sequestered brain ‘The next crash is coming but few see it. Here's why you're hard-wired to repeat your mistakes.’ http://albertpeia.com/nextcrashcomingfewsee.htm (MarketWatch) — ‘Warning: Forget the cuts, your brain is sequestered. That’s the real problem: Your brain. That’s why the economy and markets will crash, a new Dow high notwithstanding. Why it’s inevitable. Bigger crash than 2008. Longer afterwards. No bank bailouts. Austerity worse than the Great Depression. Hunker down. …’

Dow Down 50% Against Gold Since Last Record Dow in October 2007 Submitted by Tyler Durden on 03/06/2013

The Dow Hits An All-Time High! Translation: A Bubble Is Always Biggest Right Before It Bursts

http://albertpeia.com/bigbubbleburst.htm

30 Facts About The Coming Water Crisis That Will Change The Lives Of Every Person On The Planet

http://albertpeia.com/30factsonwatercrisis.htm

12 Things That Just Happened That Show The Next Wave Of The Economic Collapse Is Almost Here

http://albertpeia.com/12thingsnextwavecollapsehere.htm

Why Are Giant Sinkholes Appearing All Over America? Is Something Happening To The Earth’s Crust?

http://albertpeia.com/giantsinkholes.htm

What Do the Bank of Japan, China’s Government and the Fed Have in Common?

http://albertpeia.com/managinghyperinflationarybubbles.htm

CONSUMER SPENDING DROUGHT: 16 SIGNS THAT THE MIDDLE CLASS IS RUNNING OUT OF MONEY
http://albertpeia.com/16signsmidclassoutofmoney.htm

ALL OF THIS WHINING AND CRYING ABOUT THE SEQUESTER SHOWS WHY AMERICA IS DOOMED

http://albertpeia.com/americadoomed.htm

The start of the 100-year bear Marketwatch Paul B. Farrell Here are 5 dangers ahead that could tip the stock market into a long decline. Which hits first? http://albertpeia.com/100yearbear.htm ‘…Many other Dr. Dooms predict new 2008 crash, long bear market Today, Prechter is in great company, one of many other well-known “Dr. Dooms” who have long-term visions, in a myopic world. You’ll see Prechter alongside such other great “Dr. Dooms” as Hong Kong’s Marc Faber ... celebrity economist Nouriel Roubini ... Nobel economist Joseph Stiglitz, author of “Freefall” ... $100 billion money manager Jeremy Grantham, who says our GDP is “On the Road to Zero Growth” ... Forbes columnist Gary Shilling, who sees the S&P dropping 45% to 800... historian Niall Ferguson, author of “Colossus: The Rise and Fall of The American Empire” ... hedge fund genius Nassim Taleb, author of “Black Swan” ... former IMF chief economist Simon Johnson, co-author of “White House Burning” and “Doomsday Cycle” ... billionaire trader George Soros, who just made a billion shorting the yen ... economists Carmen Reinhart and Kenneth Rogoff, whose classic “This Time is Different: Eight Centuries of Financial Folly” says it all ... anthropologist Jared Diamond whose “Collapse” warns us that throughout history civilizations fail because leaders fail to plan and act in time ... and other “Dr.Dooms” we’re tracking. So yes, Prechter and his Dow 400 and 100-year bear-market predictions are in good company. And we even have to include Pimco’s Mohamed El-Erian, who manages a $2 trillion portfolio along with “Bond King” Bill Gross. El-Erian recently warned investors about the “New Normal: Low Growth, Few Jobs.”…’

Dot-com bubble lessons Marketwatch The 13th anniversary of bursting of Internet bubble to be marked alongside the bull market's fourth birthday.

20 Signs That The U.S. Economy Is Heading For Big Trouble In The Months Ahead

http://albertpeia.com/20signsuseconomyinbigtrouble.htm

Insiders now aggressively bearish Marketwatch

Guest Post: All Is Well

Submitted by Tyler Durden on 02/06/2013

“Facts do not cease to exist because they are ignored.” – Aldous Huxley

The entire system is corrupt to its core. Both political parties, regulatory agencies, Wall Street, the Federal Reserve, and mainstream media are participants in this enormous fraud. They grow more desperate and bold by the day. The lies, misinformation and propaganda being spewed on a daily basis become more outrageous and audacious. They are using the Big Lie method on a grand scale. They frantically need to lure the muppets into the stock market and the housing market to keep the game going a little longer. You can sense we are reaching a tipping point. The system they have created is mathematically unsustainable. Therefore, it will not be sustained.

Heffernan: Microsoft is back — Why the dorky Apple rival is suddenly cool { Forget cool, when it comes to computers/computing, I’m more concerned with stability and performance. As a critic of Microsoft beyond their breakthrough Windows 2000 (professional) and Word offerings, I felt compelled to comment here. XP was a dog and deserving of criticism (innumerable problems including acting as a ‘virus magnet’). Quite by ‘accident’, I plugged in an old apple usb mouse and my problems with vista (sic), Windows 7, literally disappeared (I then ordered a new usb mouse for right-click, scroll capability). Vista…Whoops, my mistake…I meant to say Windows 7 (not thinking there’s a difference; obviously I haven’t followed their recent past misguided exploits closely)… Windows 7 is by far and away superior to xp (and Vista) in every way. It apparently was the legacy mouse and problems created thereby (with ram, resources, cache/processor, etc.) that impaired stability and performance and I’m happy to say thus far, Windows 7 (with updates to date) is a solid successor to 2000 and microsoft’s best operating system to date (I had a minor problem with cache/memory which required a work-around and elimination of a program ‘shortcut’ … not a fatal error, but not good either, and no such problems since). I’m now nearly 100% Hewlett Packard (2 desk tops/2 laptops) and really must say that’s a big credit to Hewlett Packard (in 1999 I bought a Compaq laptop for $1,200 new, and it didn’t even boot. To Office Depot’s credit, they gave me my money back – no small task in america today. I thereupon regretfully bought a Sony VAIO – I’ve always had high regard for the late, brilliant Morita – and although windows millennium can be faulted somewhat, I was not able to upgrade to windows 2000 professional for whatever proprietary reason. Computers are just not Sony’s thing. The new HP laptop has windows 8 which I can’t evaluate fairly since the touchscreen capability is not available for this laptop –built into the price however- but it seems stable as is so of windows 7, supra, and the HP laptop a very good value. }

Federal Reserve Money Printing Is The Real Reason Why The Stock Market Is Soaring

http://albertpeia.com/fedmoneyprinting.htm

Germany Just Fired a Warning Shot at the Fed

http://albertpeia.com/warningshot.htm

Social Decay + Illegal Immigration + Poverty = Open War On The Streets Of America

http://albertpeia.com/waronusstreets.htm

{ We’ve never, in the entire history of economics, finance, markets seen the disconnect from economic/financial reality and fundamentals as pronounced and as great as now. The reality of modern-day computer programs/algos/frauds at lightning computerized speed and sheer desperation on fraudulent wall street whose ever larger protected frauds are literally cheered by failed american leadership at every level. Right now, though contraindicated, the superstitious January effect is in play and manipulated to meet faux bullish expectations. Then too, without doubt, what will be their excuse to not ‘sell in May and go away’ which really should be the mantra at present, now, beyond the hot air, smoke and mirrors, fraud and b***s*** we’re once again seeing in large measure, encouraged and received with ebulliently poised irrational exuberance on wall street and in washington. Remember the ralleys in sympathy with Apple exuberance, all of which we now know to have had a foundation of little more than ‘apple sauce’. Total b***s***! What’s the next b***s*** story/sizzling fraud? The ‘money’ being cashed out by these frauds has to come from someplace (the real economy) and has already found a way into understated/underreported inflation rates (for a multiple of staples including food prices), lower margins through higher costs thereby manipulated somewhat by currency manipulations, all of which will be ‘coming due’ in a very big way to the downside, reality-based blowout around the corner. }

37 Statistics Which Show How Four Years Of Obama Have Wrecked The U.S. Economy

http://albertpeia.com/4yearsofobamawreckedus.htm

A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm

50 Shocking Questions That

http://albertpeia.com/50shockingquestions.htm

What Do German Central Bankers Know That We Don’t?

http://albertpeia.com/germanydoesnottrustusfed.htm

U.S. Government Claims – Just Like the Nazis – that the Truth Is Too Complicated and Dangerous to Disclose to the Public by: George Washington http://albertpeia.com/usnaziapproach.htm

It’s Not a “Fiscal Cliff” … It’s the Descent Into Lawlessness

Posted by: George Washington

It’s Not a Tax or Spending Problem … It’s a Devolution Into Lawlessness

http://albertpeia.com/americasdescentintolawlessness.htm

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

http://albertpeia.com/todaysbusinesssummarylinks.htm

http://albertpeia.com/fbimartinezcongallard.htm

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

http://albertpeia.com

What in the World Has Happened to the FBI/DOJ?
http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm

Banks Write Legislation Posted by: CalibratedConfidence Post date: 05/24/2013 - ...understand the national threat that is our fragmented and perverted equity market microstructure that is driven by such esoteric order-types such a Post No Preference Blind Limit Order created...

The Fed's Hands Are Tied... Right as the Financial System Begins to Crack Posted by: Phoenix Capital... Post date: 05/24/2013 -  So the Fed is essentially handcuffed at this point. Increasing QE in any way risks a Japan-bond market style rout.  

America's Bubble Economy Is Going To Become An Economic Black HoleSubmitted by Tyler Durden on 05/24/2013 - What is going to happen when the greatest economic bubble in the history of the world pops?  The mainstream media never talks about that.  They are much too busy covering the latest dogfights in Washington and what Justin Bieber has been up to.  And most Americans seem to think that if the Dow keeps setting new all-time highs that everything must be okay.  Sadly, that is not the case at all. Right now, the U.S. economy is exhibiting all of the classic symptoms of a bubble economy. What we are witnessing right now is the calm before the storm.  Let us hope that it lasts for as long as possible so that we can have more time to prepare. Unfortunately, this bubble of false hope will not last forever.  At some point it will end, and then the pain will begin. http://albertpeia.com/usbubbleeconomicblackhole.htm

Elizabeth Warren Confronts Eric Holder, Ben Bernanke And Mary Jo White On Too-Big-To-Jail Submitted by Tyler Durden on 05/15/2013 - Elizabeth Warren is one of the few Senators out there pushing to understand why the federal government has created an untouchable class of criminals in America that can do whatever they want whenever they want and, not only get away with it, but also get bailed out when they make mistakes. Now she has written a letter to Ben Bernanke, Eric Holder and Mary Jo White.  My favorite line is: “If large financial institutions can break the law and accumulate millions in profits and, if they get caught, settle by paying out of those profits, they do not have much incentive to follow the law.” Indeed, which is why they don’t.  Full letter embedded below.

Just Plain Silly Submitted by Tyler Durden on 05/16/2013 - Presented with no comment... { The time has come to call a spade a spade because the reality is that they are spades! } http://albertpeia.com/silly.htm

Doug Casey: The Virtues of Capitalism Posted by : Capitalist Exploits Post date: 05/16/2013 - What almost everybody calls capitalism is actually fascism, a system where both consumer and capital goods are privately owned, but they are strictly regulated and controlled. This is a huge...

Bubble Mentality, Now Even In Germany Posted by: testosteronepit Post date: 05/16/2013 - A 'second Economic Miracle' and other psychedelic feats, but inconvenient data gets in the way.

What Happens When the Bond Bull Market Ends? Posted by: Phoenix Capital... Post date: 05/16/2013 -  Bill Gross, who manages the world’s largest bond fund, has indicated that the 30+ year old super cycle bull market in bonds has ended. This is very bad news for the markets.  

Top Constitutional Experts: Obama Is Worse than Nixon Posted by : George Washington Post date: 05/15/2013 - Objective Analysis: Obama Versus Nixon

The Hollowing Out Of Chinese Manufacturing Posted by: testosteronepit Post date: 05/15/2013 - The great American manufacturing renaissance? Maybe not. But China is losing the low-wage edge.

Stocks Disconnect From Reality... and Every Other Asset Class Posted by: Phoenix Capital... Post date: 05/15/2013 -  Investors, take note… stocks are always the last to “get it.” This bubble will end as all bubbles do: in disaster.  

Visualizing The Shrinking DollarSubmitted by Tyler Durden on 05/10/2013 - The almighty dollar is looking less mighty these days. By almost every measure, the purchasing power of the US dollar is in precipitous decline. http://albertpeia.com/incredibleshrinkingdollar.htm

The Number Of US Citizens On Disability Is Now Larger Than The Population Of GreeceSubmitted by Tyler Durden on 05/09/2013 { “The tremendous increase in people on SSDI is nothing but a gigantic fraud. “ Indeed, the program is rife with unaffordable fraud! } - The number of people on SSDI now exceeds the entire population of Greece. The aging of the population has nothing to do with the increase. In 1968 there were 51 workers for every person on disability. Today there are 13 workers for every person on disablity. Even the most pollyanna would agree that medical advancements since 1968 have been significant. These medical advancements would argue for less people being on disability and unable to work. Workplace safety measures have been increased exponentially since 1968, so that also argues for less disabled workers. The good old ADA law forced all workplaces to become disabled friendly. That argues for less people on disability. The country has transitioned from a manufacturing society to a service society. Workers don’t work on dangerous assembly lines anymore. Robots do the dangerous stuff. This should have dramatically reduced worker injuries and disabilities. The tremendous increase in people on SSDI is nothing but a gigantic fraud. The government broadened the scope of disabilities to include stress, depression, and non-diagnosable things like aches and pains. And don't forget, you get the added benefit of Medicare coverage after only two years of SSDI stress.

MarketWatch Hunting the last bear Wall Street needs its own Endangered Species Act since it seems everyone is now a bull. By John Nyaradi ‘… It seems that everyone on Wall Street is a bull today as the S&P 500 SPX +0.41% and Dow Jones Industrial Average DJIA +0.32%  have settled into a predictable routine of "another day, another record," despite the steady stream of negative macro economic data.

Bears, now virtually extinct, were hoping instead for a feast as the poor economic reports came pouring in over recent days:

1. April nonfarm payrolls — a mediocre 165,000 payroll jobs added which was celebrated as a huge win by markets last week.

2. ISM nonmanufacturing report showed a decline to 53.1, broadly missing expectations.

3. April manufacturing ISM report posted a drop to 50.7 from 51.3 in March. Because 50 is the threshold which distinguishes contraction from expansion, the April manufacturing PMI fell to just barely within the expansionary range.

4. Euro-zone manufacturing PMI for April declined to 46.7 from 46.8 in March while euro-zone retail sales declined by 0.1% in March. For the 27-nation European Union, March retail sales fell by 0.2%,

5. Euro-zone unemployment came in at 12.1% in March.

6. April's HSBC China Composite PMI (which covers both manufacturing and services) declined to 51.1 from 53.5 in March, indicating the weakest rate of expansion since last October. Hong Kong's PMI also settled into contractionary territory at 49.9, down from 50.5 in March.

Despite all the bad economic news, Wall Street bears look positively cadaverous as financial markets levitate higher and seemingly disconnect from the real economy. This disconnect is generating an expanding discussion, and even a name, "The Great Disconnect," which has followed "The Great Recession," as Wall Street's fortunes look decidedly different from those on Main Street.

Everyone seems to be in agreement that the recent financial levitation has been generated by global central banks, and during his presentation at last week's 10th annual Strategic Investment Conference, presented by Altegris Investments and John Mauldin, Pimco's Mohamed El-Erian emphasized that investors must be ready for the "hand off" by central banks, when the era of assisted support gives way to the era of organic growth.

Even the Oracle of Omaha, Warren Buffett, has joined the discussion by saying that when the Federal Reserve finally raises interest rates from their current near-zero level, it will be the "shot heard around the world".

As the discussion grows louder, the Federal Reserve seems to be coming under ever intensifying pressure, and that was in evidence last week when the Fed announced that it would continue its bond-buying program. known as quantitative easing. Longtime Fed critic Ron Paul emphasized that the program works only to the advantage of big bankers and politicians, while hurting middle-class and impoverished Americans. Warren Buffett echoed a similar theme when he pointed out — at Berkshire Hathaway's BRK.A +0.96% annual shareholders' meeting in Nebraska — that the Fed's quantitative easing program has made life difficult for people who live on fixed-income investments…’ { Modern 1920’s redux … all we need are ‘flappers’! }

MarketWatch Survive the financial apocalypse Paul Merriman We're heading for a major decline. Here are 9 steps to take to protect yourself.

The Financial Press: A Disinformation Machine Paul Craig Roberts | Let’s take a walk through the BLS report and you can arrive at your own conclusion. { All bad news and these ever more worthless commissioned-paper (actually not even) shares at lightning computerized speed are rallying … just like zimbawee (the best performing stock-market of the decade past) … and just like zimbabwee, they’re all a bunch of niggers on wall street (their QE welfare everyone’s paying for included) … no wonder this country’s done/in protracted decline! This is an all too familiar scam that as before, everyone is and will be paying for. How does it feel to be dumb! [Parenthetically, just this moment, an ‘equities expert’ (on one of those syndicated business programs, NBR-just bought out by cnbc which means they just got a lot dumber and I had to turn it off and will never watch NBR again…nbc is a horrible propaganda network (finishing deservingly last among the so-called ‘majors’), mobsters like trump on that ‘apprentice thing’ with toothy nutcases like gary busey, etc.. ‘No credibility whatsoever and a total joke!) said house prices (as well as the ‘paper shares’, gas, oil, food staples, meat, etc.) are rising (duh! … contraindicated implication-‘happy days are here again’)… riiiiight … just like zimbabwee! How pathetic! ]
Goldman 'Explains' The 'Market': "Best Not To Look A Gift-Horse In The Mouth" ZH { Riiiiight! Sounds like a plan! The ‘gift-horse’ that’s … not a gift-horse at all … You’re paying through your nose and teeth. It was amusing to see mainstream media puzzling over the record high gas prices so early in this time of year, and as well, the coming jump in beef prices. There’s no mystery here! This is the natural and inevitable concomitant to ‘printing presses gone wild’. Not printing presses for product for intellectual consumption; but rather, printing presses (whether by print or computer ledger entry) for those ever more worthless paper fiat dollars backed by nothing but insurmountable debt of a defacto bankrupt nation. Remember: There’s no free lunch … fraudulent wall street’s predictable/intended gain (from QE, currency debasement, etc.) is your substantial pain! It’s the zimbabwee financial model gone american … , Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! } “Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical)…” , Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe. }

MarketWatch The coming June swoon Avi Gilburt The top is not in place yet but this upside wave will be complete in just a few more weeks.

Are We Heading For a 2008-Style Economic Implosion Posted by: Phoenix Capital... Post date: 05/06/2013 - This is how companies deal with economic contractions. They don’t start laying people off en masse… they start cutting work hours bit by bit. The mass layoffs don’t come until the...

Just Like Iraq: U.S. Arms Butchers Who Use Chemical Weapons On Civilians … and Then Tries to Frame Someone Else Posted by: George Washington Post date: 05/06/2013 - A Blast from the Past ...

Marketwatch You can't trust the media It’s easy to get so caught up in media hype about investing and miss the bigger point, cautions Chuck Jaffe.

The Jay-Z Illuminati Conspiracy: Are Beyonce And Jay-Z Seducing Our Kids Into The Occult?

http://endoftheamericandream.com

http://albertpeia.com/illuminaticonspiracy.htm

{ Come on! Niggers are total b***s***! But they like you to think they’re part of ‘something other/more’ than their pathetic reality. They’re as much so-called ‘illuminati’ as those somalian pirates. As far as the list of CFR members, what a bunch of f***ups … after all, look at the disastrous state of the world … oh yeah, there’s a new world order, supplanting the old new world order, largely owing to the f***ups f***ing up … some call that history … rather pathetic at that … yet, what can you expect … { 30 Population Control Quotes That Show That The Elite Truly Believe That Humans Are A Plague Upon The Earth http://albertpeia.com/humanplagueonearth.htm , http://albertpeia.com/45signsamericatinyelitemajoritypoor.htm , Corporatism: A System Of Control Designed By The Monopoly Men Of The Global Elite http://albertpeia.com/corporatistcontrol.htm , 29 Signs That The Elite Are Transforming Society Into A Total Domination Control Grid http://albertpeia.com/dominationcontrolgrid.htm { First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently, primitive apes. See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. } [ 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said: The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing
http://albertpeia.com/planetalreadyruined.htm ] The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

"The Illuminati Were Amateurs" - Matt Taibbi Explains How "Everything Is Rigged" Submitted by Tyler Durden on 04/26/2013 - The Illuminati were amateurs. The second huge financial scandal of the year reveals the real international conspiracy: There's no price the big banks can't fix. Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game. We found this out in recent months, when a series of related corruption stories spilled out of the financial sector, suggesting the world's largest banks may be fixing the prices of, well, just about everything.

Albert Edwards' Bleak Crystal Ball Reveals Gold Above $10,000; S&P At 450 ; And Sub-1% Bond Yields Submitted by Tyler Durden on 04/25/2013 - "The late Margaret Thatcher had a strong view about consensus. She called it: “The process of abandoning all beliefs, principles, values, and policies in search of something in which no one believes, but to which no one objects.” The same applies to most market forecasts. With some rare exceptions (like our commodity analysts? recent prescient call for a slump in the gold price), analysts don?t like to stand out from the crowd. It is dangerous and career-challenging. In that vein, we repeat our key forecasts of the S&P Composite to bottom around 450, accompanied by sub-1% US 10y yields and gold above $10,000."

Just What Is Going On With The Gold In JPMorgan's Vault? Submitted by Tyler Durden on 04/24/2013 - Things sure are getting weird in the fifth subbasement of 1 Chase Manhattan Plaza... Some questions we would like answers to: *What happened to the commercial gold vaulted with JPM … { Don’t forget: A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm }

Visualizing Life In America From 1983 To Today Submitted by Tyler Durden on 04/23/2013 - A lot has changed in 30 years - from Miami Vice and Flashdance to Hunger Games and Taylor Swift; but away from the end of legwarmers (and rolled-up jacket sleeves), GDP has more than tripled from $3.5 trillion as household incomes, home prices, and employment have shifted dramatically but not equally... http://albertpeia.com/lifeinus1983tonow.htm

17 Unanswered Questions About The Boston Marathon Bombing The Media Is Afraid To Ask

http://albertpeia.com/17unansweredquestionsmediaafraidtoask.htm

The Complete Boston Bombing And Manhunt Infographic Submitted by Tyler Durden on 04/19/2013 - The last five days in and around Boston have been dismal and chaotic. From the real-time video of the horror to the news media one-upmanship and from bombing to manhunt, this infographic clarifies how far we have come... http://albertpeia.com/bostonbombing.jpg { Latest: second brother .. caught ... in custody, hospitalized, critical/serious .. }

Police Surround House Where Dzhokar Tsarnaev Is Hiding - Live Feed And Police Scanner Submitted by Tyler Durden on 04/19/2013

Philly Fed Is Latest Economic Miss: Number of Employees Dumps, Inventories Plunge Submitted by Tyler Durden on 04/18/2013 - Hardly anyone will be surprised to learn that moments ago we just got the latest disappointing economic indicator for an economy that is clearly accelerating in its deterioration. As expected, the April Philly Fed was the latest economic indicator miss, printing at 1.3, down from last month's 2.0, and below expectations of am increase to 3.0. And while the key New Orders reverted back into negative territory after one brief month positive, it was the other components of the Index that a far more pronounced deterioration, namely the Number of Employees which dumped from 2.7 to -6.8, the biggest drop since May 2012, boding ill for the upcoming April NFP number, as well as the Inventories which plunged from 0.0 to -22.2, which means downward Q1 GDP revisions will be forthcoming from every side momentarily as the Wall Street lemmings are forced to resume trimming their exuberance once more just like in 2012... and 2011... and 2010.

El-Erian's Summary: "Virtually Every Market Is Trading At Very Artificial Levels"Submitted by Tyler Durden on 04/16/2013 - "In order for central banks to achieve their ultimate economic objective - which is growth and jobs - they have to push investors into taking more risk than is justified," is the somewhat chilling warning that PIMCO's Mohamed El-Erian gives in this excellent interview with the WSJ. "Central banks are operating through the wealth effect and animal spirits," El-Erian says peeling back the truth onion, as they prop up asset prices to "artificial levels, in virtually every market." Worries over the central bankers of the world withdrawing easy money policies too early are "unwarranted," he notes, adding that he suspects, "they will most likely stay too long and they will consciously make that mistake." Critically, though, he sends a message that appears to fit with many of our recent discussions (most recently here) that "if these levels aren’t validated by the fundamentals, then investors will get hurt."

Large Explosions Reported At Boston Marathon; Numerous Injuries And Casualties Submitted by Tyler Durden

Who Gave North Korea Nukes In The First Place? Paul Joseph Watson | The U.S. government and the CIA. http://albertpeia.com/usgavenokoreanukes.htm

Marketwatch 4 reasons you can’t trust earnings numbers Paul B. Farrell No reason for stock optimism
Commentary: You know theearnings books are cooked but your brain gets misguided anyway. 4 strategies for the coming crash Paul B. Farrell … The market sinks deep into its third bear of the 21st century. Wall Street loses another $10 trillion of our retirement money… http://albertpeia.com/4strategiesforcomingcrash.htm

Breaking Bad Submitted by Tyler Durden on 04/10/2013 - With earnings season underway, perhaps pulling back to 30,000 feet is worthwhile to glance at the macro environment that is backing these new all-time high nominal stock prices. These six charts say it all... http://albertpeia.com/breakingbad.htm

Dow Jones At New All Time Highs - Here's WhySubmitted by Tyler Durden on 04/09/2013 – http://albertpeia.com/allbaddataalltimehighs.htm Curious why the Dow Jones just hit new all time highs? Here's a partial list of recent economic events:*Markit US PMI    Miss*ISM Manufacturing    Miss*ISM New York    Miss*Vehicle Sales    Miss*ADP Employment    Miss*ISM Services    Miss*Challenger Job Cuts     Miss*Initial Claims    Miss*Trade Balance    Beat*Non-Farm Payrolls    Miss*Hourly Earnings    Miss*NFIB Small Business    Miss*Wholesale Inventories    Miss

This is the Worst Trade Off – Ever By Harry S. Dent, Jr., Editor, Survive & Prosper http://survive-prosper.com http://albertpeia.com/worsttradeoffever.htm

MarketWatch U.S. stocks rise on ‘buy-the-dip’ mentality { Yeah … riiiiight … we’ve heard that one before, along with the Brooklyn bridge, watches, and jersey swampland (post-Sandy) they’re selling! }

Guest Post: We're Living Through A Rare Economic Transformation Submitted by Tyler Durden on 04/04/2013 - In 1993, management guru Peter Drucker published a short book entitled Post-Capitalist Society. Drucker identified that developed-world economies were entering a new knowledge-based era – as opposed to the preceding industrial-based era - which represented just as big a leap from the agrarian-based one it had superseded. From this perspective, the nation-state is no longer indispensable to the knowledge economy, and as a result, Drucker foresaw the emergence of new social structures would arise and co-exist with the nation-state. Drucker summed up the difference between what many term a post-industrial economy and what he calls a knowledge economy this way: "That knowledge has become the resource rather than a resource is what makes our society 'post-capitalist.' This fact changes – fundamentally – the structure of society.  The means of production is and will be knowledge." Though he doesn’t state it directly, this means that the highly centralized sectors of the economy, from finance to government, will be disrupted by a rapidly evolving, decentralized “society of organizations.”

The Chart That Will Crash The Market: “We Have Reached the Terminus” Karl Denninger | The screeching coming from CNBS and elsewhere this morning is amusing. http://albertpeia.com/marketcrashterminus.htm

ADP March Private Jobs Miss, Lowest Since October Submitted by Tyler Durden on 04/03/2013 - Remember the now traditional economic data weakness that the US experiences come every Spring in the past 3 years courtesy of the rotation out of artificially boosting winter seasonal adjustments? Well, after a big miss in the PMI and ISM we may be getting just that…

MarketWatch 4 strategies for the coming crash Paul B. Farrell Commentary: Even a kid in a TV commercial can figure out which solution is best. The Handy Investors Crash Loss Calculator By Paul B. Farrell, MarketWatch SAN LUIS OBISPO Calif. (MarketWatch) — ‘It’s not complicated. Prepare all you want. But the bull ends. The market sinks deep into its third bear of the 21st century. Wall Street loses another $10 trillion of our retirement money. ..’ http://albertpeia.com/4strategiesforcomingcrash.htm

MarketWatch Weathering a downturn J.J. Zhang Commentary: A look at just how well defensive sectors hold up after stocks peak.

MarketWatch The 46.25% Social Security tax Michael Kitces You may have a significantly higher marginal tax rate than you realize.

60 Completely Outrageous Ways The U.S. Government Is Wasting Money

http://albertpeia.com/60outrageouswaysgovwastesmoney.htm

{ I no longer will be following Phoenix Capital Resources … too much advertising … too much propaganda … too little meaningfully relevant substance (america et al’s problems are huge). After all, with all china’s faults, not the least of which is communism (I’m definitely not their advocate), one must realistically ask, ‘what nation(s), based on lies and for the sake of military industrial complex profits (as warned against by the great but underrated President General Eisenhower) has been engaged in Orwellian perpetual war despite defacto bankruptcy and pervasive corruption’? Not China… Eureka! Amerika et als! Inflation Calls BS on the China “Miracle” http://albertpeia.com/inflationinchina.htm { For the first time I’m constrained to label a piece by Mr. Summers wishful thinking and a u.s. government propaganda piece at best. While aptly pointing out chinese corruption and fraud as is particularly pervasive in america, he conveniently ignores the success of their primitive, basic, simplistic capitalist business model of low costs (primarily labor, materials, etc.) fueled particularly ab initio by american greed. Go to any store and pick up nearly any product and the likelihood of ‘made in china’ is upwards of 95% (then as well, as with apple, taking into account components). Clearly, Mr. Summers lacks depth of understanding/knowledge concerning costs of tooling, retooling, and manufacturing generally, as well as cost accounting among other business/finance disciplines. As regards their nominal communist system, I remain staunchly opposed to the invariable lie of communism, although the meaningfully lawless (‘too big to fail or jail’) and corrupt, oligarchical crony faux capitalist welfare dependent failing (and ever more socialist) system in america is hardly a laudable alternative. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm . The point is, america’s substantial problems are not the result of Chinese corruption; but rather, plain old american pervasive corruption and criminality. }

Why You Should Be Terrified Of What Just Happened in Cyprus Posted by: Phoenix Capital... Post date: 03/20/2013 -   The simple fact remains that politicians proposed stealing savings deposits from the people in order to fund a bank bailout. You can dress this idea up however you like, calling it a... http://albertpeia.com/terrorofterroristthieves.htm

Could Cyprus Blow Up the Entire Banking System?

March 19, 2013 http://gainspainscapital.com

http://albertpeia.com/bankingsystemcollapse.htm

The Dark Truth About The Safety Of Your “Savings”

http://albertpeia.com/bankrunsandsystemicfailure.htm

The Biggest Lie Ever Sold to the American Public

http://albertpeia.com/biggestlieevertoldandsold.htm

China Just Sounded a Warning Bell For What’s Coming Our Way

http://albertpeia.com/chinaswarningbell.htm

Ignoring These Two Warnings Could Cut Your Portfolio by a Third

Could Merkel Pull the Plug on the Euro?

http://albertpeia.com/2warningsandpullingplugoneuro.htm

Private Prisons: The More Americans They Put Behind Bars The More Money They Make

http://albertpeia.com/imprisonamerica.htm

Every "Record" Dow Jones Point Costs $200 Million In Federal Debt Submitted by Tyler Durden on 03/08/2013

How Many Billions Of Drug-Laundered Money Does It Take To Shut Down A Bank? Submitted by Tyler Durden on 03/07/2013

Eric Holder: Some Banks Are So Large That It Is Difficult For Us To Prosecute Them Submitted by Tyler Durden on 03/06/2013 - { Come on! That’s ridiculous and a bald-faced cowardly lie! First, you prosecute the individuals, not necessarily the employing corporation. Sure, there may be derivative liability (pun intended); but, that’s surely no reason not to prosecute. After all, there is a whole history of prosecution of such ‘combines’ of criminality, to america’s growth and betterment as a consequence thereof. Quite simply, it’s the familiar and now pervasive story of plain old american corruption. I mean, come on … from my own direct observation and experience, trump, a corrupt judge here and there, have no such dire, humongous impact on the economy. Rather, it’s the precise opposite that is true; not only from the confidence and salutary expectations created from prosecutions of such ilk; but as well, from the proper allocations of resources created by such prosecutions (crime should never pay, but in america it now does and well at that; and just look at the results in america’s significant decline! That’s just typical, self-serving, lazy jivetalking b***s***!) … Bill Gross Gets It { Gets what? Why is this surprising? With $4 trillion gone missing (still) at the ny fed, americans should not trust the ny fed. Germany’s move is totally rational (A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm ). How can anyone trust fraudulent, thieving americans with their money or gold, particularly in the fraud capital of the world, new york city Michael Savage: Don't trust feds on flu shot...{ Or anything else, for that matter. Indeed, from my direct experience, the actions/inaction of the feds are geared toward making one reliant/dependent upon them (ie., food stamps, faux disability, unemployment comp extensions, ‘protection’ from rampant, blatant crime or not, etc., despite america’s defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence and venality. In fact, stepping back, I have seen first hand those siding with/benefiting from (and the encouraging of more crime), ie., RICO defendants et als, actually rewarded by the pervasively corrupt/defacto bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a combination of and tantamount to what is essentially hush money, bribes, etc.). Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless nation of marauders/thieves that no longer even remotely resembles what it purports to be and arguably once was. Replaying Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } While it is widely assumed that the too-big-to-fail banks in the US (and elsewhere) are beyond the criminal justice system - based on simple empirical fact - when the Attorney General of the United States openly admits to the fact that he is "concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them," since, "it will have a negative impact on the national economy, perhaps even the world economy," one has to stare open-mouthed at the state of our union. It appears, just as the proletariat assumed, that too-big-to-fail banks are indeed too-big-to-jail. The Government Has It Bass-Ackwards: Failing To Prosecute Criminal Fraud by the Big Banks Is Killing – NOT Saving – the Economy Posted by : George Washington Post date: 03/06/2013 - Failure to Prosecute Fraud Causes Economic Downturns

The Last Time The Dow Was Here...

Submitted by Tyler Durden on 03/05/2013

"Mission Accomplished" - With CNBC now lost for countdown-able targets (though 20,000 is so close), we leave it to none other than Jim Cramer, quoting Stanley Druckenmiller, to sum up where we stand (oh and the following list of remarkable then-and-now macro, micro, and market variables), namely that "we all know it's going to end badly, but in the meantime we can make some money" - ZH translation: "just make sure to sell ahead of everyone else", just like everyone sold ahead of everyone else on October 11th 2007, the last time stocks were here...

GDP Growth: Then +2.5%; Now +1.6%

Regular Gas Price: Then $2.75; Now $3.73

Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million

Americans On Food Stamps: Then 26.9 million; Now 47.69 million

Size of Fed's Balance Sheet: Then $0.89 trillion; Now $3.01 trillion

US Debt as a Percentage of GDP: Then ~38%; Now 74.2%

US Deficit (LTM): Then $97 billion; Now $975.6 billion

Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion

The Inflation Secrets Your Broker Won’t Tell You About

http://albertpeia.com/inflationcoveredup.htm

President Obama Dark Money Secrets The White House is For Sale! http://www.wealthdaily.com President Obama embraces special interest lucre in everything from campaigning to curbing gun violence... http://albertpeia.com/whitehouseforsale.htm

Founded By Geniuses And Run By Idiots

Submitted by Tyler Durden on 02/27/2013 http://albertpeia.com/americarunbyidiots.htm

‘H. L. Mencken correctly observed: "Government is actually the worst failure of civilized man. There has never been a really good one, and even those that are most tolerable are arbitrary, cruel, grasping and unintelligent." The following 14 rhetorical questions should provide food for thought as they suggest... "you might live in a country founded by geniuses but run by idiots."

http://albertpeia.com/financialarmageddoneurope.htm

50 Signs That The U.S. Health Care System Is A Gigantic Money Making Scam That Is About To Collapse

http://albertpeia.com/50signsushealthcaresytemcollapse.htm

Europe’s Fine… Just Ask Depositors Who Saw Their Savings Go to ZERO

http://albertpeia.com/depositorsavingstozero.htm

The Big Dogs On Wall Street Are Starting To Get Very Nervous

http://albertpeia.com/dogseatheirownfeces.htm

{ Not widey publicized is the fact that dogs eat their own feces. I shockingly saw this first hand of a pedigreed german shepard before learning the fact that such is a dog trait. Cats certainly do not (eat their own feces)! No wonder dogs are considered in america to be ‘man’s best friend’. Yuck! }

How Corrupt is Goldman Sachs? { Short answer … VERY! } Goldman Clients Get the Shaft... AGAIN http://www.wealthdaily.com FEB 20 - BRITON RYLE The latest example of Goldman's profit-mongering deceit is so blatant, so downright perverse, it's almost comical. Almost. Analyst Briton Ryle explains... { Prosecution, disgorgement, and jail is where they belong!

Who Tells Us What To Think? Does The Mainstream Media = The Matrix?

http://albertpeia.com/mainstreammediamatrix.htm

Show This To Anyone That Believes That “Things Are Getting Better” In America

http://albertpeia.com/thingsgettingworseinamerica.htm

Money Is A Form Of Social Control And Most Americans Are Debt Slaves

http://albertpeia.com/socialcontroldebtslaves.htm

Is It Fair For People On Food Stamps To Buy Prime Rib And Lobster While Working Families Barely Survive?

http://albertpeia.com/wobamagravytrain.htm

From: "Adam Green, BoldProgressives.org" <info@boldprogressives.org>
To: Albert Peia <albert_peia@yahoo.com>
Sent: Wednesday, February 13, 2013 10:36 AM
Subject: Social Security & Xavier Becerra

Albert...Overnight, 40,000 people became citizen supporters of Congressmen Alan Grayson and Mark Takano's letter against cuts to Social Security, Medicare, and Medicaid benefits.

  -----

{ …That said, it's no mystery that john boner is not a bright man, a fact that's not lost on anyone including his (rusted, rust-belt) home state of ohio which lamentably was carried by wobama who should be impeached. It doesn't matter what wobama says, but rather what he does that counts. First, start with prosecution/disgorgement from the huge frauds in the trillions, protected on capital hill, including the likes of wobama contributor, jon corzine et als. Second, fraud in social security disability is rampant and must be eliminated. Term limits and paycuts for congress are appropriate owing to egregiously failed performance, along with cuts to budgetary allotments to the wasteful government employee slugs and bureaucracy. People should be educated on the notion of 'utility' of, ie., a dollar to a rich man relative to a poor man, which argues for progressive rates of taxation; and hence, as supported by warren buffet, higher taxes in relative and absolute terms on the rich without gouging or gorging them (most wealthy people in america are either overpaid, ie., ceos relative to other countries, or are criminals in deriving their fortunes, as ie., wall street, trump, other mobsters/mafia, etc., and as I've alluded to from my direct observation and experience, immediately infra (that's all for now as I must get back to finishing my backup tasks which are nearly complete.

This probably is indicative of their (congress’s) acknowledgement of their concerted, failed money-printing/over-spending modus operandi and the inevitable hyperinflation to follow…

Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! } “Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical)…”

Insiders now aggressively bearish Marketwatch

Too Scared To Jail: Untouchable Banks http://www.wealthdaily.com FEB 06 - ADAM ENGLISH Department of (In)Justice We're all second class citizens when the Department of Justice refuses to enforce the law. It's "too big to jail" that comes out on top... Read More...

Guest Post: All Is Well

Submitted by Tyler Durden on 02/06/2013

“Facts do not cease to exist because they are ignored.” – Aldous Huxley

The entire system is corrupt to its core. Both political parties, regulatory agencies, Wall Street, the Federal Reserve, and mainstream media are participants in this enormous fraud. They grow more desperate and bold by the day. The lies, misinformation and propaganda being spewed on a daily basis become more outrageous and audacious. They are using the Big Lie method on a grand scale. They frantically need to lure the muppets into the stock market and the housing market to keep the game going a little longer. You can sense we are reaching a tipping point. The system they have created is mathematically unsustainable. Therefore, it will not be sustained.

40 Ways That China Is Beating America

http://albertpeia.com/40wayschinabeatingamerica.htm

It’s Time For Name That Insolvent Banking System!

http://albertpeia.com/insolventbankingsystems.htm

Europe is Fixed? Just Like Wall Street Was “Fixed” in May 2008, How’d That Turn Out?

http://albertpeia.com/europeaintfixed.htm

WARNING: The EU Crisis is BACK and Will Be Getting Worse in the Coming Weeks

http://albertpeia.com/eucrisisbackandworse.htm

Petrogold: Are Russia And China Hoarding Gold Because They Plan To Kill The Petrodollar?

http://albertpeia.com/deathofpetrodollar.htm

Watch The Financial Markets In Europe

http://albertpeia.com/europeanmeltdown.htm

U.S. stocks close lower on buying fatigue Marketwatch { Wow! Buying fatigue! Riiiiight! How ‘bout those paper bubble-market QE fed air bubble stocks are not worth the paper they’re printed on, beyond the fraud and computerized manipulation; particularly when factoring macro and micro economic reality! } , Do Wall Street Insiders Expect Something Really BIG To Happen Very Soon? http://albertpeia.com/marketcrashcomin.htm , Tony Bennett: If Americans Keep Firearms, “Rest of the World Will Really Take Care Of Us” Kurt Nimmo | Compares America upholding Second Amendment to Nazi Germany. { Come on! Who takes anthony dominick benedetto aka tony bennett seriously … his herpes virus has probably migrated to his brain! Probably a Mussolini fan and in real time at that! } , The European House of Cards is About to Collapse http://albertpeia.com/europeanhouseofcards.htm

Shocking Numbers That Show The Media Is Lying To You About Unemployment In America

http://albertpeia.com/medialyingaboutusunemployment.htm

Tawana Brawley served with court order to pay man she accused of rape in 1987

http://albertpeia.com/rememberingtawanabwana.htm

http://albertpeia.com/obamarecession2013.htm

http://albertpeia.com/fedsplinters.htm

{ We’ve never, in the entire history of economics, finance, markets seen the disconnect from economic/financial reality and fundamentals as pronounced and as great as now. The reality of modern-day computer programs/algos/frauds at lightning computerized speed and sheer desperation on fraudulent wall street whose ever larger protected frauds are literally cheered by failed american leadership at every level. Right now, though contraindicated, the superstitious January effect is in play and manipulated to meet faux bullish expectations. Then too, without doubt, what will be their excuse to not ‘sell in May and go away’ which really should be the mantra at present, now, beyond the hot air, smoke and mirrors, fraud and b***s*** we’re once again seeing in large measure, encouraged and received with ebulliently poised irrational exuberance on wall street and in washington. Remember the ralleys in sympathy with Apple exuberance, all of which we now know to have had a foundation of little more than ‘apple sauce’. Total b***s***! What’s the next b***s*** story/sizzling fraud? The ‘money’ being cashed out by these frauds has to come from someplace (the real economy) and has already found a way into understated/underreported inflation rates (for a multiple of staples including food prices), lower margins through higher costs thereby, manipulated somewhat by currency manipulations, all of which will be ‘coming due’ in a very big way to the downside, reality-based blowout around the corner. }

The U.S. Has An Even Larger Gap Between The Rich And The Poor Than Downton Abbey Does

http://albertpeia.com/gaprichpoor.htm

30 Population Control Quotes That Show That The Elite Truly Believe That Humans Are A Plague Upon The Earth

http://thetruthwins.com

http://albertpeia.com/humanplagueonearth.htm

{ It really doesn’t matter what they believe; but rather, it’s what is, that counts. Anyone with average intelligence or better, if they’ve been paying attention, ineluctably must conclude that humans are a ‘net negative’ in real terms. That will never change! Human beings are, on balance, inherently destructive. Fortunately, universally, there is no significant impact inasmuch as the human plague is confined to this solar system; and, for all intents and purposes, to this dying planet. Remember, there’s just decades left at best! }

29 Signs That The Elite Are Transforming Society Into A Total Domination Control Grid

http://thetruthwins.com

http://albertpeia.com/dominationcontrolgrid.htm

{ First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently, primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. }

[ 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said:

The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing

http://albertpeia.com/planetalreadyruined.htm ]

The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die

http://thetruthwins.com

http://albertpeia.com/allfornaught.htm

[ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm

Germany Starts a Central Bank Run JAN 17 - CHRISTIAN A. DEHAEMER
http://albertpeia.com/trustingamericainsanity.htm

http://albertpeia.com/germanydoesnottrustusfed.htm

50 Shocking Questions That

http://albertpeia.com/50shockingquestions.htm

U.S. Government Claims – Just Like the Nazis – that the Truth Is Too Complicated and Dangerous to Disclose to the Public by: George Washington http://albertpeia.com/usnaziapproach.htm

http://albertpeia.com/americagone.htm

Replaying Chris Christie's Epic Anti-Boehner Meltdown

Submitted by Tyler Durden on 01/02/2013 { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } Earlier today, in what can only be summarized as an epic meltdown, NJ governor Chris Christie proceeded with an even more epic rant against House speaker John Boehner, in narrow terms, and House Republicans in broader…Below is a clip of the entire Christie performance which is a must see for sheer indignation entertainment value alone.

Government Dependents Outnumber Those With Private Sector Jobs In 11 U.S. States

http://albertpeia.com/moretakersthanmakers.htm

55 Reasons Why California Is The Worst State (Only New Jersey is Worse) In America

http://albertpeia.com/55reasonscaliforniaworststateafterjersey.htm

{ With jersey, it’s necessary to look under the hood(s)! }

20 Outrageous Examples That Show How Political Correctness Is Taking Over America

http://albertpeia.com/20outrageousexamplesofpoliticalcorrectness.htm

"Trenton Makes, The Mayor Takes" Mack Indicted On Corruption Charges

Just a few months back we noted the FBI's arrest of Tony Mack, the Mayor of New Jersey's salubrious capital Trenton. Today, via AP, the mayor and his brother have been indicted on eight counts of extortion, bribery, and mail and wire fraud. The Mayor has continued in his position - even since the September arrest - but the  federal indictment relates to an alleged scheme to accept $119,000 in bribes in exchange for his influence in the development of a garage on city-owned land. Shocked? not so much; but it seems maybe "Trenton Makes, The Mayor Takes" is more appropriate.

The 11 "Death Spiral" States http://albertpeia.com/deathspiralstates.htm

Submitted by Tyler Durden on 12/04/2012

Eleven states made Forbes' list of danger spots for investors including California, New York, Illinois, and Ohio. They warned (and with the cliff it is even more critical), if you have muni bonds in these states - clean up your portfolio; if your career takes you there - rent, don't buy! Two factors determine their list of 'fiscal hellholes'. The first is whether there are more takers (someone who draws money from the government) than makers (the gainfully employed). The second is a state credit-worthiness score (via Conning) based on large debts, uncompetitive business climates, weak home prices, and bad trends in employment. Conning rates North Dakota the safest state to lend money to, Connecticut the most hazardous. A state qualifies for the Forbes' death spiral list if its taker/maker ratio exceeds 1.0 and it resides in the bottom half of Conning’s ranking. See below for the 11 states to avoid...no matter what Bob Toll, Larry Yun, Bob Pisani, or Alexandra Lebenthal tells you..

Worst-run states

New Jersey

Between 2010 and 2011, New Jersey’s GDP contracted by 0.5% — more than all but three states. The state’s median household income and poverty rate both ranked third in the nation. On the other hand, the state’s tax burden on its residents was second highest in the U.S. in 2010. Residents paid 12.4% of their income in state and local taxes — higher than any other state except neighboring New York. The state has budget problems, as well, according to the 24/7 Wall St. analysis. New Jersey’s debt as a percentage of revenue was 91.6%, the fifth-highest of all states.

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

http://albertpeia.com/todaysbusinesssummarylinks.htm

http://albertpeia.com/fbimartinezcongallard.htm

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

http://albertpeia.com

What in the World Has Happened to the FBI/DOJ?
http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm

MarketWatch Moody's could downgrade U.S. debt in 2013: report

MarketWatch Everything is overvalued Rex Nutting Commentary: Bull markets can persist for a long time, just not forever. And not just in stocks.

MarketWatch Mark Hulbert May 10, 2013 Investors can’t beat the machines Commentary: Computer-dominated trading takes over http://albertpeia.com/cantbeatthemachines.htm

MarketWatch Fed maps exit from stimulus

See for Yourself: Syrian Government Likely Did Not Use Chemical Weapons Posted by : George Washington Post date: 05/08/2013 - Who Should You Believe …  The UN Investigator or the U.S.? Why America Fell So Far … So Fast Posted by: George Washington Post date: 05/07/2013 - All Empires Crash Soon After They Reach Their Peak

Ron Paul & Jim Rogers: "There's More Chaos To Come" Submitted by Tyler Durden on 05/02/2013 -Nations are going bust. And the worse things get, the more desperate their tactics become…I would expect that there is going to be a lot more chaos still to come." - Ron Paul; “They won’t take our bank accounts…they will take our retirement accounts.” - Jim Rogers

The More Illegal Immigrants That Go On Food Stamps The More Money JP Morgan Makes

http://albertpeia.com/usfoodstampstrategy.htm

Everyone's Missing the Bigger Picture in the Reinhart-Rogoff Debate Posted by: George Washington Post date: 04/26/2013 - The "Excel Spreadsheet Error" In Context

MarketWatch Paul B. Farrell America needs a new war Commentary: Any one of these 10 flash points could trigger it, saving capitalism from itself. { I’m really disappointed by this article and will no longer follow or post links to farrell’s articles. Even if in jest, an exercise in sarcasm, or sophistry at its worst, such position is so absolutely uncivilized and in such poor taste and without any intellectual foundation that I must wonder how MarketWatch hasn’t really ‘watched’. I want to know what wars farrell’s fought in, or how many of his own children have died in same. I’m staunchly against communism which I’ve made no secret; but if farrell’s specious reasoning was correct (it’s not, economically and otherwise, but quite Orwellian), I honestly would then say, ‘Let capitalism die’! }

San Fran Fed Blames High California Unempolyment And Rising Poverty On Highly Efficient Workers Submitted by Tyler Durden on 04/15/2013 – { Yeah … riiiiight! … Wow! … No wonder they had to legalize medical marijuana … what have they been smokin’… Oh … right … not tobacco! } For the past three years we have been pounding the table on one very simple fact: when it comes to jobs, there is a quantitative picture, which is often muddied by seasonal adjustments and political narrative but which the mainstream loves for the simply, clear plotline: "the US created [   ] jobs in the past month", and there is a qualitative one: one which takes into account the far more important quality of the jobs created in the US economy in whole or in part (such as in various states). It appears this simple logic has finally trickled down to those masters of the obvious at the San Fran Fed who have just released a paper titled "Job Growth and Economic Growth in California" whose summary is as follows: "California job growth over the past two decades has been relatively anemic compared with gains in the rest of the country. Nevertheless, economic output has grown faster in California than in the rest of the United States. One factor underlying this pattern may be the growth of higher-wage jobs in California, which has contributed more to output than to employment growth. This creates relatively few opportunities for low-skilled workers, which may help explain why poverty increased more in California than in most states over the period."

The Illusion of Toothless Sharks Harry Dent http://albertpeia.com/illusionoftoothlesssharks.htm

As Long As You Never Use It… It’s a Great Deal By Rodney Johnson, Editor, Survive & Prosper The Great Disconnect Ahead of the Curve with Adam O'Dell http://survive-prosper.com http://albertpeia.com/greatdisconnectandgreatdealsnot.htm

MarketWatch A 1998 danger signal resurfaces Michael Casey Commentary: As the yen slides, events of October 1998 should serve as a warning to markets.

The Little Boys Who Can’t Harry Dent http://survive-prosper.com http://albertpeia.com/littleboyswhocant.htm

Where Do The Rich And Poor Live?Submitted by Tyler Durden on 04/08/2013 - From counties with a 50%-plus poverty rate to counties with over 20% of household incomes over $200,000, the United States is increasingly becoming a divided union. But all the time American Idol is on, and the iPad is still running, Aldous Huxley's vision of a 'numb' society (as opposed to an Orwellian 1984 'imposed' utopia) seems more and more realistic. http://albertpeia.com/whererichandpoorlive.htm

MarketWatch BRICS bubble is bursting The bursting of the BRICS bubble is happening in slow motion, writes economist Andy Xie. (Caixin Online) MarketWatch’s top 10 stories, April 1 - 5 U.S. stocks end S&P 500's worst week yet for 2013 Why it pays to sell in May

MarketWatch: BREAKING U.S. stocks end higher on Bank of Japan stimulus { Can you believe this ‘headline’? What total b***s***! All bad news … but there has to be a reason for the manipulated, fraudulent stock market to ralley? How pathetic! } THE END OF BARACK OBAMA? SCANDAL/ECONOMIC DISASTER BREWING! Porter Stansberry http://albertpeia.com/usobamadisaster.htm


A Surprising Number Of Americans Believe In Conspiracy Theories – And Many Of Them Are Actually True

http://albertpeia.com/trueconspiracytheories.htm

Marc Faber: "I Am Sure Governments Will One Day Take Away 20-30% Of My Wealth" Submitted by Tyler Durden on 03/27/2013 - We cautioned readers in 2011 that in a broke world in which the ridiculously named "muddle-through" has miserably failed, a global wealth tax seeking to expropriate some 30% of all financial assets is coming. Few took it seriously, and why should they - after all the market has been blissfully rising before and ever since then, which implies everything was ok, right? Wrong, as those who are lining up right now in the Cyprus late of night not to buy a shiny new iTrinket, but to access a measly €300 of their own money would promptly admit. Naturally, if more of our Cypriot readers had paid attention, they would have far more of their own money at their disposal right now, instead of having to beg Merkel's emissaries for a €300 handout tomorrow. Now, a year and a half later, the realization that the global wealth tax is not only coming but is inevitable in practically every developed country, is finally sinking in, as this interview with Marc Faber confirms: "Until now, the bailouts in Europe and the U.S. were at the expense of the taxpayer. And from now onwards, in my view, the bailouts will also be at the expense of the asset holders, the well-to-do people. So if you have money I am sure the governments will one day take away 20-30% of my wealth."He is correct, but probably optimstic.

This Is How A Country Ends: Not With A Bang, But A Bailout Submitted by Tyler Durden on 03/26/2013 - Curious how in the New Normal a nation is brought to its untimely end without a single shot being fired? Dimos Dimosthenous, who has worked at the Bank of Cyprus for over 30 years, explains: "That will be the end. Our jobs, our rights, our welfare funds will be lost and Cyprus will be destroyed." In short: not with a bang, but a bailout.

5 things you can't resell Marketwatch: Despite Supreme Court ruling upholding resales, some items cause trouble. ‘A U.S. Supreme Court ruling earlier this week was a big win for consumers who value the right to resell products they have purchased — even if they bought them abroad. In the case in question, publisher John Wiley & Sons accused a former college student of infringing on its copyright when he bought less-expensive Asian versions of the publisher’s textbooks and then resold them to U.S. students on eBay. (The books, it said, were meant to be sold only in certain regions.) The court held that the so-called “first sale” doctrine — which allows that once a company sells a copyrighted product, the purchaser has the right to later resell it — applies even if the product was produced outside the U.S. But it’s not a universal right. There are some notable exceptions of items that, once bought, aren’t so easy to unload.’ — Kelli B. Grant

Marketwatch No stock in Social Security Henry Hebeler There are too many risks to start sinking any part of the Social Security fund into equities. { The desperate wall street/government frauds are at it again, sensing the debacle around the corner. And, just as we’d thought we’d heard the last of this preposterously fraudulent idea from war criminal and (fellow, with wobama) failed president dumbya bush. }

Marketwatch Don't jump into stocks Howard Gold Commentary: Now is not the time to get into equities

Guest Post: How I Became A Trillionaire (And Some Thoughts On Inflation) Submitted by Tyler Durden on 03/20/2013 - These photos illustrate the fundamentally arbitrary nature of fiat (paper) money. Why do we prefer the $100 greenback over the $100 trillion note issued by the Reserve Bank of Zimbabwe? The purchasing power of the Benjamin far exceeds the purchasing power of the $100 trillion bill. But the Benjamin is not immune to inflation; the dollar has lost about 95% of its 1900 purchasing power.  If 95% of households are experiencing a loss of purchasing power and most of the new money and credit are flowing to the top 5%, you get asset bubbles, not demand-driven inflation. When 95% of the households are poorer in terms of purchasing power and financial wealth, where can demand-driven inflation arise in a global economy of massive manufacturing and labor over-capacity? The rise in costs within industries controlled by cartels (healthcare, higher education, defense, etc.) may look like demand-driven inflation, but are actually transfers of wealth and purchasing power from households to the government-protected cartels.

Texas Public School Curriculum Teaches Students To Design A Socialist Flag And That Christianity Is A Cult

http://albertpeia.com/socialistamericanpropaganda.htm

Marketwatch Jeff Reeves 10 signs of a tumble http://albertpeia.com/stockstotumble.htm Commentary: These negative headlines and data point to the end for stock rally. Buckle up for a bumpy stock-market ride

The Federal Reserve System Is A Massive Wealth Redistribution Scheme

http://albertpeia.com/fedreservemassivewealthredistributionscheme.htm

Cutting Corporate Welfare Queens Off from the Dole Would be the Best Way to Cut the Debt Posted by : George Washington Post date: 03/13/2013 - The Biggest Welfare Queens of All ... ‘In previous installments, we’ve noted that we could more than offset the need for the “sequestration” budget cuts by doing any one or combination of the following: 1) Ending massive subsidies to the giant banks 2) Reducing fraud and waste 3) Ending the failed drug war 4) Ending subsidies to the nuclear industry 5) Stopping the counter-productive quantitative easing by the Fed Here’s another way to offset the need for budget cuts: cut off the welfare queens. (Jamie Dimon – shown above- and the other Wall Street queens are the largest recipients of welfare.)…’

11 Things That The Obama Administration Is Doing To Promote More Illegal Immigration

http://albertpeia.com/11thingsosdopromoteillegalimmigration.htm

Reality Check: The Dow Jones Industrial Average Vs. Bananas Submitted by Tyler Durden on 03/08/2013 - The Dow Jones Industrial Average, one of the key benchmarks of the US stock market, has soundly surpassed its all-time high. And most of the investing world is toasting their collective success and celebrating the recovery. It’s a funny thing, really. Most investors only think in terms of ‘nominal’ numbers, i.e. Dow 14,000+ is 40% higher than Dow 10,000 (back in November 2009). But few think in terms of ‘real’ numbers... inflation-adjusted averages. Everyone knows that inflation exists. We can all look back on prices from the past and realize instantly how much more expensive things have become. Conversely, though, most people don’t think about the stock market like this. The reality is, though, that when you adjust for inflation, the Dow is well below its highs from over a decade ago. We thought we’d put this into a bit of perspective...

Corporatism: A System Of Control Designed By The Monopoly Men Of The Global Elite http://theeconomiccollapseblog.com http://albertpeia.com/corporatistcontrol.htm

From: "Adam Green, BoldProgressives.org" <info@boldprogressives.org>
To: Albert Peia <albert_peia@yahoo.com>
Sent: Wednesday, March 6, 2013 8:03 AM
Subject: FWD: Grayson MOMENTUM continues!

PS. If you haven't already, sign on to the Grayson-Takano letter against cuts to Social Security, Medicare, or Medicaid benefits. Click here to become a citizen signer. Signed as follows:

They should prosecute the huge wall street frauds in the trillions (as promised but unfulfilled), still extant and now marked to anything as per misguided legislated FASB Rule change, seek disgorgement, fines, and jail time for the perps. Social Security Disability fraud is rampant and should be eliminated. The QE welfare for wall street is bad policy and is resulting in higher than reported inflation with the fiat currency printing/creation/debasement and is following a zimbabwe economic model which led to hyperinflation/disaster but as here, higher manipulated stock prices which is the contraindicated reason for such bad policy.

Sincerely,

Albert L. Peia

Drudgereport: Bull Market Turns 4, Traders Thank Bernanke...
Americans Raiding 401(k)s To Pay Bills At Alarming Rate...

There Goes The Sequester Submitted by Tyler Durden on 03/01/2013 - http://albertpeia.com/debtincreasefeb.jpg

Guest Post: Diminishing QE Returns And The Coming 40% Correction

How America Makes Up For The Lack Of Manufacturing

http://albertpeia.com/etc_upcharge09__01__950_0.jpg

Oscar winners in photos Marketwatch { Say what you want about Kentucky; but, some band’s got to come up with the song, ‘Kentucky (not California) Girls’. Whew! Ridley Scott had a great find in Sean Young (‘Blade Runner’). But Jennifer Lawrence? Wow! What a spectacular, total babe! And, she can shoot a bow and arrow too (I think). Parenthetically, while there are many aspects of a actor’s performance/demeanor/actions on and off the set that constitute worthy scrutiny, falling on the way to pick up an oscar for best actress at age 22 is definitely not one of them. Totally meaningless and appropriately forgettable. If she was wearing running shoes and short shorts, that never would have happened. After all, when really will she wear such garb, albeit exquisite on her, again?…Next Academy Awards Oscar Ceremony to pick up another, and another, etc., of course. Yet, one can hardly say ‘practice makes perfect’ when referencing such an exotic creature as she. }

WARNING: The EU Crisis is BACK and Will Be Getting Worse in the Coming Weeks

http://albertpeia.com/eucrisisbackandworse.htm

Petrogold: Are Russia And China Hoarding Gold Because They Plan To Kill The Petrodollar?

http://albertpeia.com/deathofpetrodollar.htm

The Fed is Beginning to Remove the Punchbowl… Are You Ready For What’s Coming?

http://albertpeia.com/fedpunchedout.htm

Do Wall Street Insiders Expect Something Really BIG To Happen Very Soon? http://albertpeia.com/marketcrashcomin.htm

U.S. stocks close lower on buying fatigue Marketwatch { Wow! Buying fatigue! Riiiiight! How ‘bout those paper bubble-market QE fed air bubble stocks are not worth the paper they’re printed on, beyond the fraud and computerized manipulation; particularly when factoring macro and micro economic reality! } , , Tony Bennett: If Americans Keep Firearms, “Rest of the World Will Really Take Care Of Us” Kurt Nimmo | Compares America upholding Second Amendment to Nazi Germany. { Come on! Who takes anthony dominick benedetto aka tony bennett seriously … his herpes virus has probably migrated to his brain! Probably a Mussolini fan and in real time at that! } , The European House of Cards is About to Collapse http://albertpeia.com/europeanhouseofcards.htm

Who Controls The Money? An Unelected, Unaccountable Central Bank Of The World Secretly Does

http://albertpeia.com/bankforinternationalsettlementscontrolsthemoney.htm

These Guys “Made” 2% of Their Country’s GDP Last Year February 6, 2013 http://gainspainscapital.com http://albertpeia.com/2percenters.htm { I include this here because I’m against the lie and failed system of communism (China’s gains have been ‘capitalist’) which invites corruption by way of powerful, entrenched bureaucracies of for the most part relatively untalented, unproductive people; much like the pervasively corrupt america today that I have observed closely and directly experienced http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm … then as well, there’s the wars, huge protected (ie., wall street, etc.) frauds, etcetera..}

The White House is "Judge, Jury and Executioner" of Both Drone and Cyber-Attacks Posted by : George Washington Post date: 02/05/2013 Bush and Obama Have Set Us Back 800 Years

Too Scared To Jail: Untouchable Banks http://www.wealthdaily.com FEB 06 - ADAM ENGLISH Department of (In)Justice We're all second class citizens when the Department of Justice refuses to enforce the law. It's "too big to jail" that comes out on top... Read More...

{AP1-23-13: No! I didn’t watch the monkey bowl nigger show at half-time, and only parts of this year’s monkey bowl. Wow! San franny, on their fanny, should give former san fran mayor, venalla feinstein a call to send in the big guns before she bans them. Whoops…need to break the momentum of rival of niggertown favorite, san fran so power outage in niggertown new orleans…definitely hurricane katrina’s fault…riiiiight …better give nigger ray nagin a call to get things back up and runnin’…whoops, no can do – nigger ray’s just been indicted ( http://www.nola.com/crime/index.ssf/2013/01/a_breakdown_of_the_payments_to.html ) …Besides, this is a great way to level the playing field for the hometown nigger purse-snatchers…you know, lights out and all. Actually, I truly am rooting for the ravens, but not much…reason? To thwart this year’s egregious wall street fraudulent, manipulated ‘january effect’ superstition; viz., an AFL team nigger bowl win means according to mental case wall street superstition, bear market/bad stock market (actually, ‘sell now before may and go away’ is the apposite axiom regardless who wins). This is the last monkey bowl I’ll be watching even part of. If you’re rooting for san Francisco, be sure to where some flowers in your hair. This was the sh**iest monkey bowl I’ve ever seen even a part of! }

{ Talk about monkey bowls, after today’s rout the ‘pundits’, NBR, ‘money honeys’, etc., have been recently and even today talking up the recent moves into the market by ‘the little guy’ (historically known as the ‘dumb money’, but ‘this time it’s different … NOT!). This contraindicated, pomo’d bubble market has all the earmarks of a classic ‘sting’! (Suck ‘em in, suck ‘em dry!) }

The Second Housing Bubble Ends With A Bang, Not A Whimper, David Stockman Warns

Shocking Numbers That Show The Media Is Lying To You About Unemployment In America

http://albertpeia.com/medialyingaboutusunemployment.htm

Rise Of The Preppers: 50 Of The Best Prepper Websites And Blogs On The Internet

http://albertpeia.com/riseofthepreppers.htm

Tawana Brawley served with court order to pay man she accused of rape in 1987

http://albertpeia.com/rememberingtawanabwana.htm

A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm

Germany Starts a Central Bank Run JAN 17 - CHRISTIAN A. DEHAEMER
http://albertpeia.com/trustingamericainsanity.htm

The Bundesbank Starts a Run on Gold { Yes, indeed … upon greater reflection, a 7 year wait to repatriate German gold stored at u.s./new york fed, really is a cause for concern. The question is not only whether it’s there (I doubt it!), not only whether what’s there has been displaced (stolen) and supplanted with tungsten gold plate (at best); but, even assuming arguendo it is still there (doubtful), given the undeniable inherent american proclivity for fraud and theft, whether the thieving american frauds will interpose some spurious pretext to preclude if not exclude the possibility of return (the story of america’s foreign and domestic policies in a nutshell). One really has to wonder as to the soundness and rationality of Germany’s decision in answering, why fraudulent america and not the renown, trustworthy and reputable Swiss Banks for storing their gold. } Everything the Bundesbank does is close to perfection. The very fact that it is calling in its gold is monumental in terms of questioning the "full faith and credit" of the United States Treasury... Read More...

{ There isn’t anything about america that’s not ultimately, in the final analysis, totally fraudulent! }

What Do German Central Bankers Know That We Don’t?

http://albertpeia.com/germanydoesnottrustusfed.htm

U.S. Government Claims – Just Like the Nazis – that the Truth Is Too Complicated and Dangerous to Disclose to the Public by: George Washington http://albertpeia.com/usnaziapproach.htm

Drudgereport: PAPER: Time to start switching out of US assets...

13-year-old girls beat woman at bus stop 'for fun'... ( Uncivilized niggers, of course! )
Girl gang hails cab, then chokes, robs driver... ( Uncivilized niggers, of course! ){ CHICAGO (FOX 32 News)

Congressman Boasts Salary Requirements
’I Will NOT Be Silenced by a Congressman! He is the Georgia Representative you may remember from back in 2010, when he told Admiral Robert Willard he was worried too many troops stationed on the island of Guam would cause it to capsize... The actual quote is as follows: “My fear is that the whole island will become so overly populated that it will tip over and capsize.”… { Just another dumb, incompetent, glomming nigger! What a waste of money, time, and resources these incompetent, corrupt, venal federal slugs are! }

Fitch Threatens U.S. Credit Rating

The fiscal cliff failed to address the debt ceiling, and as the deadline draws closer, the U.S. credit rating is in danger.

What Do German Central Bankers Know That We Don’t?

http://albertpeia.com/germanydoesnottrustusfed.htm

U.S. Government Claims – Just Like the Nazis – that the Truth Is Too Complicated and Dangerous to Disclose to the Public by: George Washington http://albertpeia.com/usnaziapproach.htm

http://albertpeia.com/americagone.htm

Opinion: Congress, president have insatiable need to spend STLtoday.com { Yes! This is why, along with the pervasive corruption and defacto bankruptcy of the nation, term limits across the board are necessary, and without exceptions. After all, in the immortal (campaign slogan) words of dick (nixon), ‘experience counts’! Indeed it does! For good or ill, and nobody can deny the nation’s very ill. Term limits would eliminate the perceived and in fact need to refrain from enforcing laws against huge fraudsters/campaign bribers/contributors. Moreover,’pork’ would give way to leaner cuts/spending more rationally based. By every rational criterion, congress will have to work for their pay consistent with their promises; and, not get to comfortable just ‘being there’ and all that that unfortunately entails. I’ve seen the lack of resolve/courage/principle/competence first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

Did the Fed Lie About QE 3 and 4?

http://albertpeia.com/fedlies.com { Do bears s**t in the woods? Is the Pope Catholic? Did the fed previously say no recession, etc.? Of course they did and do … all the time! }

The Middle Class In America Is Being Wiped Out – Here Are 60 Facts That Prove It

http://albertpeia.com/middleclasswipeout.htm

50 Predictions For 2013

http://albertpeia.com/economiccollapseblogpredicitionsfor2013.htm

Why? Why does it seem like america is getting crazier with each passing year? { Because pervasively corrupt defacto bankrupt america is getting crazier with each passing year! }

http://albertpeia.com/whyamericacrazier.htm

“I don’t have to tell you things are bad. Everybody knows things are bad. It’s a depression. Everybody’s out of work or scared of losing their job. The dollar buys a nickel’s worth. Banks are going bust. We know things are bad. Worse than bad. They’re crazy. It’s like everything everywhere is going crazy so we don’t go out anymore. We sit in a house as slowly the world we’re living in is getting smaller and all we say is, ‘Please, at least leave us alone in our living rooms.’ Things have got to change my friends. You’ve got to get mad. You’ve got to say, “I’m as mad as hell and I’m not going to take this anymore!”

                                                                         Howard Beale (Peter Finch: Network 1976)

Government Dependents Outnumber Those With Private Sector Jobs In 11 U.S. States

http://albertpeia.com/moretakersthanmakers.htm

Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe.

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

http://albertpeia.com/todaysbusinesssummarylinks.htm

http://albertpeia.com/fbimartinezcongallard.htm

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

http://albertpeia.com

What in the World Has Happened to the FBI/DOJ?
http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm

HoW DoeS A PoTuS DiSTRaCT ATTeNTioN FRoM A BuCKeT oF SCaNDaLS? Posted by : williambanzai7 Post date: 05/24/2013 - Drone On  Debt Bro, Drone On! http://albertpeia.com/potobopopus.htm

BReaKiNG NiKKei... Submitted by williambanzai7 on 05/23/2013 http://albertpeia.com/breakingnikkei.htm

ZiG ZaG BeN... Posted by : williambanzai7 Post date: 05/22/2013 - Protect America, report all market contrarian activities! http://albertpeia.com/ziggyzagben.htm

INTRoDuCiNG EURO CRiSiS CouTuRe 2013... Posted by: williambanzai7 Post date: 05/21/2013 - They've got the look! http://albertpeia.com/eurocrisiscouture.htm

TiCKeTS FoR THe FiaT BaBY... Posted by : williambanzai7 Post date: 05/20/2013 - "Money power denounces, as public enemies, all who question its methods or throw light upon its crimes."--William Jennings Bryan http://albertpeia.com/thefiatbaby.htm

THe MaSTeR & APPReNTiCe...con't Posted by: williambanzai7 Post date: 05/16/2013 - We're not going to have another Watergate in our lifetime. I'm sure.--Bob Woodward History does not repeat itself, but it does rhyme.--Mark Twain http://albertpeia.com/masterapprentice.htm

THe PRoCToLoGiST MaY 2013... Posted by : williambanzai7 Post date: 05/17/2013 - And the Sacred Dow... http://albertpeia.com/proctology.htm

FiNaNCiaL TeRRoRiSM AND PoLiTiCaL SeX MaP... Posted by : williambanzai7 Post date: 05/18/2013 - 09:37 Crazy ant version... http://albertpeia.com/proctology.htm

No BaNK DePoSiTS WiLL Be SPaReD FRoM CoNFiSCaTioN Posted by: williambanzai7 Post date: 05/15/2013 - It will come as a shock to all of you to know that such daylight robbery is perfectly legal and this has been so for hundreds of years. http://albertpeia.com/bankdepositconfiscation.htm

THe MaSTeR & APPReNTiCe... Posted by: williambanzai7 Post date: 05/14/2013 - Power corrupts buffoonery... http://albertpeia.com/theimpeachables.htm

A SceNe FRoM KeYNeSiaN HeLL... Posted by : williambanzai7 Post date: 05/11/2013 - The liar, I mean lair of Beezle Ben... http://albertpeia.com/beezlebensatan.htm

HoTRoDDInG THe PoNZi FiNaNCiaL SYsTeM... : williambanzai7 - An excerpt from today's speech by Dr Sigmund Fraud http://albertpeia.com/hotponzifinancialsystem.htm

UNHaPPY EURO AuSTeRiTY DaY 2013! : williambanzai7 - May Nein 2013... http://albertpeia.com/austerityday.htm

THe Oracle oF OMaHa... Posted by: williambanzai7 Post date: 05/07/2013 - Wise words for fringe low brow trading types... http://albertpeia.com/oracleomahaho.htm

ToNeR MaN... Posted by : williambanzai7 Post date: 05/04/2013 - Calling all Moms... http://albertpeia.com/tonerman.htm

THe HouSe oF JP ENRoN CRoSSWoRD PuZZLe... Posted by : williambanzai7 Post date: 05/06/2013 - QUESTION: Why do idiot shareholders think Jamie Dimon deserves to continue in the dual role of Chairman and CEO? ANSWER: "Because I am richer than you are!" http://albertpeia.com/jpenroncrossword.htm

PaRTYiNG LiKe IT'S 1929... Posted by : williambanzai7 Post date: 05/03/2013 - Ye Festival of Greater Fools continues... http://albertpeia.com/greaterfoolsdepressionfestival.htm

MaY DaY, May DaY, MaY DaY!!! Posted by: williambanzai7 Post date: 05/01/2013 - The goal of capitalism is communism....-Timothy Trotski http://albertpeia.com/commayday.htm

THe MoDeRN MoNeY OCToPuS... http://albertpeia.com/octopussies.htm

A FeW BuNGaS MoRe http://albertpeia.com/goodbadugly.htm

A BaSeMeNT, a BuLL HoRN and a JuNK ASS...

http://albertpeia.com/junkasses.htm

COMEX GOLD 419... http://albertpeia.com/golddiggers.htm

DeMiSe OF THe GReaT CHaiRSaTaN? http://albertpeia.com/demiseofbenchairsatan.htm

IN CaSe You ARe WoNDeRiNG WHaT JuST HaPPeNeD AT AP... http://albertpeia.com/hackflashcrash.htm

TWo KiNDS OF TeRRoRiSTS... http://albertpeia.com/2kindsofterrorists.htm

EVoLuTioN oF A EURO SWiNe... http://albertpeia.com/euroswine.htm

MeSSaGe To Mr KRuGMaN... Posted by : williambanzai7 Post date: 04/19/2013 - From Chinese Gold Exchange... http://albertpeia.com/feddykrugerands.htm

SuSPiCiouS PHoTo... Posted by : williambanzai7 Post date: 04/17/2013 - Spotted before the attack on Gold...
http://albertpeia.com/suspicioushelicopterbenphoto.htm

QE TiTaNiC 2013... Posted by: williambanzai7 Post date: 04/15/2013 - Until the moment she actually sinks, the Titanic is unsinkable.--Julia Hughes http://albertpeia.com/benusstitanicqeedkoed.htm

HeaDS I WiN... Posted by: williambanzai7 Post date: 04/13/2013 - Investors Beware! http://albertpeia.com/headsiwin.htm

ASiA AND THe GLoBaL MaNDeLBRoT SeT... Posted by: williambanzai7 Post date: 04/12/2013 - Some of you might find some of these images disturbing or even exciting... http://albertpeia.com/madamkimbo.htm

BiT BuBBLe MaDNeSS... Posted by : williambanzai7 Post date: 04/10/2013 - Good ideas are not impervious to the madness of crowds.--WB7 http://albertpeia.com/bitbubblemadness.htm

A LeVeL PLaYiNG FieLD... Posted by: williambanzai7 Post date: 04/10/2013 - Tilted to the victors and... http://albertpeia.com/fraudcorruptionspoils.htm

FeDeRaL ReSeRVe DoPe... Posted by : williambanzai7 Post date: 04/09/2013 - And the festival of greater fiat fools... http://albertpeia.com/federalreservedope.htm

THe END oF MF GLoBaL Posted by: williambanzai7 Post date: 04/06/2013 - The swindling art is in his tentacles... http://albertpeia.com/endofmfglobal.htm

13 SIGMA GODZILLA... Posted by : williambanzai7 Post date: 04/05/2013 - You have your fear which might become reality; and you have Godzilla, which IS reality.--Godzilla 1954 http://albertpeia.com/dezombiemeetsgodzilla.htm

BaNZai7'S IN-DePTh CoVeRaGe oF THe KiM CHee STaND OFF... Posted by : williambanzai7 Post date: 04/04/2013 - The days are gone forever, when our enemies could blackmail us with FWMD.--Kim Jong Un http://albertpeia.com/lillkimbo.htm


STaTe OF THe FiaT FaRCe... Posted by : williambanzai7 Post date: 04/03/2013 - Say what you will, it sure is fun to agitate the fiat worms by saying the word: Bitcoin! http://albertpeia.com/fiatfarce.htm

A DaNGeRouS BuBBLe... Posted by: williambanzai7 Post date: 04/02/2013 - There is no stock bubble--Mr Bubbles http://albertpeia.com/dangerousbubble.htm

ACTa EST FaBuLa... Posted by: williambanzai7 Post date: 03/29/2013 - Meet The Last Schtuppers... http://albertpeia.com/schtupped.htm

GReaTeR FooL'S DaY 2013... Posted by: williambanzai7 http://albertpeia.com/greaterfoolsday2013.htm

The Easter Bunnies Posted by: williambanzai7 http://albertpeia.com/easterbunnies.htm

Ya CaN'T BeaT THe HouSe... Posted by : williambanzai7 Post date: 03/28/2013 - Tell the man somebody here, you can't beat the house... http://albertpeia.com/housebeat.htm

A DRaGHi IN THe HeaDLiGHTS... Posted by : williambanzai7 Post date: 03/23/2013 - WARNING: BANZAI7 SUNDAY AM FOOD AND BEVERAGE WARNING IN EFFECT... http://albertpeia.com/dragoonsintheheadlights.htm

FiNaNCe IS THe CoNTiNUaTION OF WaR... Posted by : williambanzai7Post date: 03/22/2013 - By other means. http://albertpeia.com/financewar.htm

HoT CuTs FoR HoT MoNeY... Posted by: williambanzai7 Post date: 03/21/2013 - Official Haircuts for Depositors. http://albertpeia.com/hotcutshotmoney.htm

La CaGe AuX FooLS... Posted by : williambanzai7 Post date: 03/20/2013 - Meet the Troika Follies! http://albertpeia.com/lacageauxfools.htm

INVeRTeD EuRo MaRXiSM... Posted by : williambanzai7 Post date: 03/19/2013 - A fiat accompli! http://albertpeia.com/invertedeuromarxism.htm

BiG PiCTuRe: THe CYPRuS EFFeCT... Posted by : williambanzai7 Post date: 03/18/2013 - So, adding it all up so far, who has gotten the immediate benefit of this Cyprus fiasco? http://albertpeia.com/bigpiccypruseffect.htm

In Re INa DReW... Posted by: williambanzai7 Post date: 03/15/2013 -It's all Bull S*** folks and its bad for ya!--George Carlin http://albertpeia.com/jailjamiecorzine.htm

ALL HaiL THe QUaNTiTaTiVe EaSeRs...AND BeWaRe THe IDeS oF FARCE... Posted by : williambanzai7 Post date: 03/14/2013 - A MESSAGE FROM THE BANZAI7 EMERGENCY FARCECAST SYSTEM... http://albertpeia.com/bewaretheidesoffarce.htm

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal http://albertpeia.com/psycopathssociopathsamericasocietalcollapse.htm , Leading indicators of a stock market top Marketwatch http://albertpeia.com/leadingindicatorsofstockmarkettop.htm , 30 Population Control Quotes That Show That The Elite Truly Believe That Humans Are A Plague Upon The Earth http://albertpeia.com/humanplagueonearth.htm , Insiders now aggressively bearish Marketwatch , Guest Post: All Is Well ZeroHedge.com “Facts do not cease to exist because they are ignored.” – Aldous Huxley The entire system is corrupt to its core. Both political parties, regulatory agencies, Wall Street, the Federal Reserve, and mainstream media are participants in this enormous fraud. They grow more desperate and bold by the day. The lies, misinformation and propaganda being spewed on a daily basis become more outrageous and audacious. They are using the Big Lie method on a grand scale. They frantically need to lure the muppets into the stock market and the housing market to keep the game going a little longer. You can sense we are reaching a tipping point. The system they have created is mathematically unsustainable. Therefore, it will not be sustained… , http://albertpeia.com/americadoomed.htm , http://albertpeia.com/americarunbyidiots.htm , http://albertpeia.com/16signsmidclassoutofmoney.htm , The Chart That Proves That The Mainstream Media Is Lying To You About Unemployment http://albertpeia.com/mainstreammediasunemploymentlies.htm , Private Prisons: The More Americans They Put Behind Bars The More Money They Make http://albertpeia.com/imprisonamerica.htm , The Biggest Lie Ever Sold to the American Public http://albertpeia.com/biggestlieevertoldandsold.htm , In Re INa DReW... : williambanzai7 - It's all Bull S*** folks and its bad for ya!--George Carlin http://albertpeia.com/jailjamiecorzine.htm , An Orwellian America - The state, crippled by massive deficits, endless war and corporate malfeasance, is clearly sliding toward unavoidable bankruptcy. It is time for Big Brother to take over from Huxley’s feelies, the orgy-porgy and the centrifugal bumble-puppy. We are transitioning from a society where we are skillfully manipulated by lies and illusions to one where we are overtly controlled. We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance... We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance. , Sell by May and Go Away! , Why Is The World Economy Doomed? The Global Financial Pyramid Scheme By The Numbers http://albertpeia.com/worldeconomydoomed.htm { And, truth be told, with just decades left at best, not just the economy! } , The Global Elite Are Very Clearly Telling Us That They Plan To Raid Our Bank Accounts http://albertpeia.com/elitesraidingbankaccounts.htm , THE MAN WHO PREDICTED JAPAN’S LOST DECADE… THE RECESSION OF 1990-92… THE BIGGEST BULL MARKET RUN IN U.S. HISTORY… AND MOST RECENTLY, THE 2008 CREDIT CRISIS AND STOCK MARKET CRASH… NOW PREDICTS: "DOW 3300!" http://albertpeia.com/dow3300.htm , 4 strategies for the coming crash Paul B. Farrell … The market sinks deep into its third bear of the 21st century. Wall Street loses another $10 trillion of our retirement money… http://albertpeia.com/4strategiesforcomingcrash.htm , 11 Economic Crashes That Are Happening RIGHT NOW http://albertpeia.com/11economiccrasheshappeningnow.htm , Who Gave North Korea Nukes In The First Place? Paul Joseph Watson | The U.S. government and the CIA. http://albertpeia.com/usgavenokoreanukes.htm , The Illusion of Toothless Sharks Harry Dent http://albertpeia.com/illusionoftoothlesssharks.htm , Guest Post: Don't Ask - It's Magic! "Any sufficiently advanced cartel's actions are indistinguishable from magic." http://albertpeia.com/magictillcrashreality.htm , ASiA AND THe GLoBaL MaNDeLBRoT SeT... by: williambanzai7 http://albertpeia.com/madamkimbo.htm , The Big Banks Are Recklessly Gambling With Our Money, And It Will Cause The Global Financial System To Collapse http://albertpeia.com/banksgamblingwithyourmoney.htm , THE END OF BARACK OBAMA? SCANDAL/ECONOMIC DISASTER BREWING! Porter Stansberry http://albertpeia.com/usobamadisaster.htm , The Chart That Will Crash The Market: “We Have Reached the Terminus” http://albertpeia.com/marketcrashterminus.htm , 21 Statistics About The Explosive Growth Of Poverty In America That Everyone Should Know http://albertpeia.com/21statsexplosivegrowthofuspoverty.htm , More Than 101 Million Working Age Americans Do Not Have A Job http://albertpeia.com/morethan101millionwojobs.htm , 100 Years Old And Still Killing Us: America Was Much Better Off Before The Income Tax http://albertpeia.com/incometaxkillingus.htm , HeaDS I WiN... http://albertpeia.com/headsiwin.htm , QE TiTaNiC 2013... http://albertpeia.com/benusstitanicqeedkoed.htm , Large Explosions Reported At Boston Marathon; Numerous Injuries And Casualties , San Fran Fed Blames High California Unempolyment And Rising Poverty On Highly Efficient Workers { Yeah … riiiiight! … No wonder they had to legalize medical marihuana … what have they been smokin’… Oh … right … not tobacco! } , Headline Of The Day Senate Judiciary Committee has delayed a hearing on immigration reform a day before a bipartisan bill is to be introduced…delay was to give senators more time to read the bill {Sounds like a plan! } , Gold's VIX Term Structure 'Most Inverted' Since Lehman US Households On Foodstamps Hit Record High Homebuilder Confidence Plunges To 6 Month Low, Puts Housing "Recovery" Meme In Jeopardy Empire Fed Latest Economic Disappointment, Drops To Lowest Since January, Misses Expectations , 25 Things That You Should Do To Get Prepared For The Coming Economic Collapse http://albertpeia.com/25thingsprepareforeconomiccollapse.htm , FeDeRaL ReSeRVe DoPe... http://albertpeia.com/federalreservedope.htm , Dow Jones At New All Time Highs - Here's Why { Very bad data of course … more wall street welfare the hopium? } http://albertpeia.com/allbaddataalltimehighs.htm , MarketWatch U.S. stocks rise on ‘buy-the-dip’ mentality { Yeah … riiiiight … we’ve heard that one before, along with the Brooklyn bridge, watches, and jersey swampland (post-Sandy) they’re selling! } , THe END oF MF GLoBaL http://albertpeia.com/endofmfglobal.htm , This is the Worst Trade Off – Ever By Harry S. Dent, Jr., Editor, Survive & Prosper http://survive-prosper.com http://albertpeia.com/worsttradeoffever.htm , The Tunnel People That Live Under The Streets Of America http://albertpeia.com/tunnelpeopleofamerica.htm ,

The Little Boys Who Can’t Harry Dent http://albertpeia.com/littleboyswhocant.htm , BiT BuBBLe MaDNeSS... http://albertpeia.com/bitbubblemadness.htm , A LeVeL PLaYiNG FieLD... http://albertpeia.com/fraudcorruptionspoils.htm , Breaking Bad http://albertpeia.com/breakingbad.htm , Where Do The Rich And Poor Live? http://albertpeia.com/whererichandpoorlive.htm , All Over America Evangelical Christians Are Being Labeled As “Extremists” And “Hate Groups” http://albertpeia.com/christianslabeledextremistshategroups.htm , BaNZai7'S IN-DePTh CoVeRaGe oF THe KiM CHee STaND OFF... http://albertpeia.com/lillkimbo.htm , A DaNGeRouS BuBBLe... http://albertpeia.com/dangerousbubble.htm , ALERT: All Of The Money In Your Bank Account Could Disappear In A Single Moment http://albertpeia.com/bankaccountswipedout.htm , A Surprising Number Of Americans Believe In Conspiracy Theories – And Many Of Them Are Actually True http://albertpeia.com/trueconspiracytheories.htm , STaTe OF THe FiaT FaRCe... http://albertpeia.com/fiatfarce.htm , From North Dakota To New York - Let Freedom Ring In The 50 States - Every two years the 50 states compete for the title of "Most Free State," and George Mason University's Mercatus Center rankings based on 200 factors generalized under Fiscal Policy, Regulatory Policy, and Personal Freedom, provide significant color on just how free (or not) the various states are. http://albertpeia.com/mostfreestate.htm , This Is What It Feels Like To Have Your Life Savings Confiscated By The Global Elite http://albertpeia.com/savingsconfiscation.htm , Cyprus-Style “Bail-Ins” Are Proposed In The New 2013 Canadian Government Budget! http://albertpeia.com/canuckleheads.htm , ACTa EST FaBuLa... williambanzai7 http://albertpeia.com/schtupped.htm , GReaTeR FooL'S DaY 2013... http://albertpeia.com/greaterfoolsday2013.htm , The Easter Bunnies http://albertpeia.com/easterbunnies.htm , Ya CaN'T BeaT THe HouSe... williambanzai7 http://albertpeia.com/housebeat.htm , A DRaGHi IN THe HeaDLiGHTS... williambanzai7 http://albertpeia.com/dragoonsintheheadlights.htm , Words Of Warning: Get Your Money Out Of European Banks http://albertpeia.com/warninggetmoneyoutofbanks.htm , 60 Completely Outrageous Ways The U.S. Government Is Wasting Money http://albertpeia.com/60outrageouswaysgovwastesmoney.htm , Krugman's "Smoot-Hawley Moment" Bruce Krasting http://albertpeia.com/krastingalloverkrugman.htm BLaCKSWaN DiJSSeLBooM! williambanzai7 http://albertpeia.com/blackswan.htm

Goldman 'Explains' The 'Market': "Best Not To Look A Gift-Horse In The Mouth" ZH { Riiiiight! Sounds like a plan! The ‘gift-horse’ that’s … not a gift-horse at all … You’re paying through your nose and teeth. It was amusing to see mainstream media puzzling over the record high gas prices so early in this time of year, and as well, the coming jump in beef prices. There’s no mystery here! This is the natural and inevitable concomitant to ‘printing presses gone wild’. Not printing presses for product for intellectual consumption; but rather, printing presses (whether by print or computer ledger entry) for those ever more worthless paper fiat dollars backed by nothing but insurmountable debt of a defacto bankrupt nation. Remember: There’s no free lunch … fraudulent wall street’s predictable/intended gain (from QE, currency debasement, etc.) is your substantial pain! It’s the zimbabwee financial model gone american … , Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! } “Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical)…” , Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe.

A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm

Germany Starts a Central Bank Run JAN 17 - CHRISTIAN A. DEHAEMER
http://albertpeia.com/trustingamericainsanity.htm

The Bundesbank Starts a Run on Gold { Yes, indeed … upon greater reflection, a 7 year wait to repatriate German gold stored at u.s./new york fed, really is a cause for concern. The question is not only whether it’s there (I doubt it!), not only whether what’s there has been displaced (stolen) and supplanted with tungsten gold plate (at best); but, even assuming arguendo it is still there (doubtful), given the undeniable inherent american proclivity for fraud and theft, whether the thieving american frauds will interpose some spurious pretext to preclude if not exclude the possibility of return (the story of america’s foreign and domestic policies in a nutshell). One really has to wonder as to the soundness and rationality of Germany’s decision in answering, why fraudulent america and not the renown, trustworthy and reputable Swiss Banks for storing their gold. } Everything the Bundesbank does is close to perfection. The very fact that it is calling in its gold is monumental in terms of questioning the "full faith and credit" of the United States Treasury... Read More...

{ There isn’t anything about america that’s not ultimately, in the final analysis, totally fraudulent! }

What Do German Central Bankers Know That We Don’t?

January 16, 2013 http://gainspainscapital.com

http://albertpeia.com/germanydoesnottrustusfed.htm

{ This is a very wise, rational move by Germany which should be lost on no one. Indeed, by so doing, Germany will likely guarantee repatriation of real gold, and not tungsten gold plate. Realize that beyond the theft of $4 trillion still unaccounted for at the new york fed, there have been ever more brazened frauds within the ranks of the u.s. government and connected to the fed. The 360 tons of $100 dollar bills flown into Iraq and disappeared, huge wall street frauds in the trillions still extant and bailed out for the wall street perps by legislated FASB rule change, among many other schemes, scams, facilitated by lightning fast computerization have become both policy and modus operandi of the fed, u.s. government, and insider perps. }

It Will Take The Fed Seven Years To Deliver 300 Tons Of German Gold

…The amount of gold the Fed supposedly holds, is shown in yellow with a shade of tungsten. Why it will take the Fed 7 years to part with an amount of gold that is less than 5% of its total holdings is anyone's guess.

Bill Gross Gets It { Gets what? Why is this surprising? With $4 trillion gone missing (still) at the ny fed, americans should not trust the ny fed. Germany’s move is totally rational. How can anyone trust fraudulent, thieving americans with their money or gold, particularly in the fraud capital of the world, new york city Michael Savage: Don't trust feds on flu shot...{ Or anything else, for that matter. Indeed, from my direct experience, the actions/inaction of the feds are geared toward making one reliant/dependent upon them (ie., food stamps, faux disability, unemployment comp extensions, ‘protection’ from rampant, blatant crime or not, etc., despite america’s defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence and venality. In fact, stepping back, I have seen first hand those siding with/benefiting from (and the encouraging of more crime), ie., RICO defendants et als, actually rewarded by the pervasively corrupt/defacto bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a combination of and tantamount to what is essentially hush money, bribes, etc.). Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless nation of marauders/thieves that no longer even remotely resembles what it purports to be and arguably once was. Replaying Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm Armed Robberies Spike Following Game... { Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

CONGRESSMAN WARNS OBAMA: IMPEACH YOU [ http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ]

White House readies 19 executive orders on guns... }

http://albertpeia.com/americagone.htm

Federal Government Musings And Other Societal Observations

http://albertpeia.com/americatitsup.htm

Fitch Threatens U.S. Credit Rating

The fiscal cliff failed to address the debt ceiling, and as the deadline draws closer, the U.S. credit rating is in danger.

U.S. Government Claims – Just Like the Nazis – that the Truth Is Too Complicated and Dangerous to Disclose to the Public by: George Washington http://albertpeia.com/usnaziapproach.htm

Drudgereport: PAPER: Time to start switching out of US assets...

13-year-old girls beat woman at bus stop 'for fun'... ( Uncivilized niggers, of course! )
Girl gang hails cab, then chokes, robs driver... ( Uncivilized niggers, of course! ){ CHICAGO (FOX 32 News)

Congressman Boasts Salary Requirements
’I Will NOT Be Silenced by a Congressman! He is the Georgia Representative you may remember from back in 2010, when he told Admiral Robert Willard he was worried too many troops stationed on the island of Guam would cause it to capsize... The actual quote is as follows: “My fear is that the whole island will become so overly populated that it will tip over and capsize.”… { Just another dumb, incompetent, glomming nigger! What a waste of money, time, and resources these incompetent, corrupt, venal federal slugs are! }

1000x Systemic Leverage: $600 Trillion In Gross Derivatives "Backed" By $600 Billion In Collateral

Prepare to pay the piper Marketwatch

Leading indicators of a stock market top Marketwatch http://albertpeia.com/leadingindicatorsofstockmarkettop.htm

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

http://albertpeia.com/todaysbusinesssummarylinks.htm

http://albertpeia.com/fbimartinezcongallard.htm

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

http://albertpeia.com

What in the World Has Happened to the FBI/DOJ?
http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm

The Week That Was: May 20th - May 24th 2013Submitted by Tyler Durden on 05/24/2013 - Succinctly summarizing the positive and negative news, data, and market events of the week...

Dead Dog Bounce Deja Vu Ends 2nd-Worst Week Of The Year For StocksSubmitted by Tyler Durden on 05/24/2013 - The 2nd worst week of the year (2nd only to Cyprus) for US equities was accompanied by Treasury buying as the JPY carry trade unwind continues in every risky-or-'yieldy' product. On an admittedly low volume day (typically good for a magical levitation in stocks), Treasury markets closed the day unchanged (and 30Y bonds ended the week unchanged). Stocks bounced after testing yesterday's intraday lows but intriguingly (Mrs. Watanabe?) it was Utilities that were the hardest hit sector on the day as stocks fell back rapidly after bonds closed finding balance at VWAP. The JPY strength weighed on the USD as it fell 0.7% on the week with gold and silver both up notably relative to other asset classes (+1.8% and 0.5% respectively). The last minute of the day saw a ridiculous instantaneous spike to take the S&P 500 to their day-session highs to desparately try to regain green on the day (SPX cash closed -0.87 points). Futures closed green with an 8 point run from 455ET (as we note no credit police were around to stop the idiocy).

Presenting Ben Bernanke's Desktop - Redux Submitted by Tyler Durden on 05/24/2013 - Just as Ben Bernanke's monetary easing program changes with the times (back then he believed it was the Stock that mattered, now it is Flow, but one thing is constant: always moar), so does his computer desktop. And while we know, tentatively, what his preferred computer space looked like three years ago, the times have changed. Behold Ben Bernanke's new and improved PC desktop...

Yet Another Debt Chart That Is Not Big Enough To Fit Japan Submitted by Tyler Durden on 05/24/2013 - By now every single chart laying out every possible permutation of a hopelessly insolvent and overlevered world has been compiled, created, colored and in some cases, animated and socially networked. The following chart showing global debt dynamics over time from the WSJ is no different: it is animated (check) it has lots of pretty colors (check), and it is quite informative because it remembers that in addition to public sector debt, there is a thing called the private sector (sadly it avoids shadow debt: perhaps someone good at making 3D animated charts should take a stab?) and succeeds in incorporating everything in one cool animation. Yet why it may be most memorable, or not as the case may be, is that it is merely the latest chart in a seemingly infinite series which are just not big enough to fit Japan.  Perhaps it is time to make a chart of all the charts that need to be bigger to show the true Japanese state of affirs.  That, or in reverence to the sadist joke, pardon "experiment" (as Jens Weidmann would say) that is Abenomics, we can finally start making bigger charts.

The Rich Actually Are Different Submitted by Tyler Durden on 05/24/2013 - With the long-weekend rapidly approaching, ConvergEx's Nick Colas takes a trip to the Hamptons, but through a time warp back to the Great Depression.  Examining the social registers (colloquially called the “Blue Book”) from 1927 and 1940, he finds that “The great and the good” of the day had real trouble holding their status during the social upheavals of the late 1920s and 1930s.  Only 32% of the families appearing in the Blue Book in 1927 were still there in 1940.  The ratio was even worse, at 29%, for the ultra-elite who belonged to the Meadow Club in Southampton.  It’s too early to tell what the last few volatile years will do to the upper crust of East Coast society, of course.  Or what may still be in store.  But when the hedgie in the Bentley cuts you off on Route 27 this weekend, take some solace in knowing he may not be there in a few years. “Yes, the wealthy are different. Every year there are different wealthy people.”

The Economic Engine Of Europe Is Beginning To Sputter Submitted by Tyler Durden on 05/24/2013 - Despite ultra-low interest rates, practically unlimited liquidity, and a capital market seemingly willing to lend to anyone for anything on any terms, the very heart of Europe's economy - German CapEx on machinery - is falling at a rate faster than during the Tech bust... the tough news for anyone looking for a silver lining is that this just goes to confirm what we saw in US durable goods orders - there is simply no 'decoupling', it is a lead-lag inter-linked global economy.

The Hamptons Weekend Disconnect Submitted by Tyler Durden on 05/24/2013 - Today's binary message to vacuum tubes: "ignore the last available signal that has driven the market for months and make sure stocks close green" - simply just not to leave a bitter taste in the mouths of all those billionaire hedge-funders enjoying the launch of Hamptons season. The other best hope is that volume tapers (sorry Hilsenrath, we just said the word, oops) to zero, in which case the DJIA (now that nobody even pretends to care about the S&P) may just close limit up on a 1-lot trade.

The Latest "Inflation Evasion" Scam: Bars Serving Caramelized Rubbing Alcohol Instead Of Scotch Submitted by Tyler Durden on 05/24/2013 – { Typical jersey! } In the past, food and alcoholic beverage makers got in trouble for attempting to cover the impact of inflation (such as the 12% Y/Y increase in Fed employee salaries) by diluting the content, or simply serving less, of their products while keeping the price constant: the same thing as rising prices, but optically more palatable to less than sophisticated consumers. That was the past. A new breed of industrious, high profit margin-seeking alcohol vendors have decided to skip this protocol entirely and instead of serving booze, have opted to replace the product outright. As AP reports, at numerous New Jersey bars, including 13 TGI Fridays restaurants, owners were accused of substituting cheap booze while charging premium prices. The profitability at all costs situation was so bad that at one bar, a mixture that included rubbing alcohol and caramel coloring was sold as scotch. In another, premium liquor bottles were refilled with water — and apparently not even clean water at that.

RANsquawk Weekly Wrap - 24th May 2013Submitted by RANSquawk Video on 05/24/2013

What If Stocks, Bonds and Housing All Go Down Together? Submitted by Tyler Durden on 05/24/2013 - The problem with trying to solve all our structural problems by injecting "free money" liquidity into financial Elites is that all the money sloshing around seeks a high-yield home, and in doing so it inflates bubbles that inevitably pop with devastating consequences. As noted yesterday, the Grand Narrative of the U.S. economy is a global empire that has substituted financialization for sustainable economic expansion. In shorthand, those people with access to near-zero-cost central bank-issued credit can take advantage of the many asset bubbles financialization inflates. Those people who do not have capital or access to credit become poorer. That is the harsh reality of neofeudal, neocolonial financialization. It is widely accepted as self-evident that all these bubbles will not pop because the central banks won't let them pop. That's nice, but if this were the case, then why did stocks crater in 2000-2001 and 2008-2009, and why did the housing bubble implode in 2008-2011? Did they change their minds for some reason? No; they assured us right up to the moment of implosion that everything was fine, there was no bubble, etc. The only logical conclusion is that bubbles pop even though central banks resist the popping with all their might.

Explaining This Week’s Market Jitters In One Chart Submitted by Tyler Durden on 05/24/2013 - Presented with no comment...

"Get To Work, Mr. Portfolio Manager" - Federal Reserve Profits Plunge Even As Salaries SurgeSubmitted by Tyler Durden on 05/24/2013 - There was something odd in today's quarterly financial report (as of March 31) by the world's largest and most profitable hedge fund: the US Federal Reserve. Despite that its Assets Under Management have grown to a mindblowing $3.4 trillion, or about $700 billion more than this time last year, there was something oddly missing in the reported data: a surge in remittances to the US Treasury, or profits. Well, the Fed did remit some $15.3 billion to the Treasury, so not too shabby, but this was well below the $23.8 billion in Q1 2012 and under half of the remitted profit of $30.7 billion in the previous quarter. Has the world's most profitable portfolio manager, a Princetonian economist who has otherwise never traded one security in his entire life, gone cold? Please Ben, proves us wrong. And while you are at it, get to work, Mr. Portfolio Manager.

BNP Warns On Japanese Repression: Echoes Of The 1940s FedSubmitted by Tyler Durden on 05/24/2013 - 12:12 In the 1940s, the Fed adopted pegging operations to protect the financial system against rising interest rates and to ensure the smooth financing of the war effort. In effect, the Fed became part of the Treasury’s debt management team; as the budget deficit hit 25% of GDP in WW2, it capped 1Y notes at 87.5bps and 30Y bonds at 2.5%. From the massive bond holdings of its domestic banks to its exploding public debt, Japan today faces a situation very similar to the US in the 1940s. When the long-term rate climbs above 2%, the BoJ will probably adopt outright measures to underpin JGB prices to prevent turmoil in the financial system and a fiscal crisis - and just as Kyle Bass noted yesterday, they are going to need a bigger boat as direct financial repression in Japan is unavoidable.

European Bonds Plunge Most In 8 Months, Stocks Worst Week In 2 MonthsSubmitted by Tyler Durden on 05/24/2013 - European stocks fell for a second day-in-a-row (notable in its own right as not having happened for 5 weeks) for the biggest drop in 6 weeks capping the worst week in 2 months. Spain and Italy saw their stock indices drop 3.6% on the week. But it was European banks and peripheral sovereign bonds that saw the most damage. As JPY-funded leveraged momo come rapidly undone, Italian and Spanish bond spreads saw their biggest 2-day drop in 8 months to end back at 5-week highs. EURUSD ends the week up 0.6% (and the JPY +2.2%) as repatriation escalates. Europe's VIX is holding around 18.% (up 2.5 vols on the week).

The Two Charts That Keep Draghi Up At Night Submitted by Tyler Durden on 05/24/2013 -While many would argue that youth unemployment (the real scariest chart here), in fact we suspect it is the following two charts that are really keeping Mario Draghi up at night. The lip service paid by the French and the Germans to growth strategies and youth unemployment pale in relation to the desperation of the European collateralizer-of-last-resort to de-fragment his transmission channels and unleash his own QE to the starving banking systems of Spain and Italy. As BNP notes, recent data on Italian and Spanish banks’ bad and non-performing loans (NPLs) have reignited the debate on the health of the banking sector in the eurozone’s peripheral economies and its implications for the bloc’s credit supply and, ultimately, economic growth. But what is worse is that interest rates on new loans for a company in Italy or Spain are almost double those in Germany and France. It is against this backdrop that Draghi expressed plans to revive the ABS market - but implementation will prove significantly more challenging than market hopers believe (as is clear in credit markets) and direct purchases will probably face vetoes by a number of influential members of the board. To add further salt to these fresh wounds, the FT reports that Spanish banks will need to set aside more than EUR10 billion more reserves to cover the rolling over of EUR 200 billion of 'extend-and-pretend' loans.

Europe Opens $80 Trillion Shadow Banking Pandora's Box: Will Seek To Collapse Repo "Collateral Chains" Submitted by Tyler Durden on 05/24/2013 - In what may be the most important story of the day, or maybe year, for a world in which there already is an $11 trillion shortfall in high-quality collateral (and declining every day courtesy of Ben's monetization of Treasury paper) so needed to support the deposit-free liability structures of the shadow banking system (as most recently explained here), Bloomberg has just reported that Europe may begin a crackdown on that most important credit money conduit: the $80 trillion+ global shadow banking system, by effectively collapsing collateral chains, and by making wanton asset rehypothecation a thing of the past, permitted only with express prior permission, which obviously will never come: who in their right mind would allow a bank to repledge an asset which may be lost as part of the counterparty carnage should said bank pull a Lehman. The result of this, should it be taken to completion, would be pervasive liquidations as countless collateral chain margin calls spread, counterparty risk soars all over again, and as the scramble to obtain the true underlying assets finally begins.

Where's The "Buy The Dip Mentality" Today?Submitted by Tyler Durden on 05/24/2013 - While yesterday saw the mainstream media cock-a-hoop at the fact that we pulled 'off-the-lows' with the phrase "buy the dip mentality" parrotted prayer-like every minute of the afternoon. Overnight shenanigans saw that BTFD mentality come and then quickly go and now the US market is fading fast. USDJPY has broken below 101 and US equity markets are testing below yesterday's lows... Treasury yields are now low on the week for the long-bond; gold and silver are holding up as JPY strength is weakening the USD broadly. Meanwhile, European peripheral debt is getting monkey-hammered (worst 2 days in 8 months)...

These Are The Stocks Most Hated By Hedge Funds: Let The Squeeze BeginSubmitted by Tyler Durden on 05/24/2013 - In a world in which the bipolar, schizophrenic markets are dominated by Mrs. Watanabe's daily gyrations of the USDJPY (in response to Kuroda's daily jawboning) which in turn has become the primary signal feeding ES algos now that fundamentals are no longer relevant and that the EURUSD-ES correlation is dead and burried, there continues to be one, almost assured way to generate alpha for those so inclined to gamble with the fastest of the vacuum tubes out there: going long the most shorted stocks, which have become the most convex way of betting that Ben Bernanke will continue to dominate the hedge fund league tables as the world's most accomplished portfolio and risk manager. Indeed, using our previous representations (Q3 2012, Q4 2012) of the most shorted stocks to generate a "long basket" and sitting it out, has generated some 40%+ annualized returns without fail. Which is why it is now time to look at the most recent roster of stocks most hated by the hedge fund community, which slowly but surely is converting into the much maligned "long onlies" as abandoning hedges is the only way to at least catch up with the market, if not overtake it.

Spot The Trend In US Durable Goods And CapEx Spending Submitted by Tyler Durden on 05/24/2013 - The trend is quite clear.

The Housing UnRecovery Is Here: Architectural Billings Plunge Most Since 2008 Submitted by Tyler Durden on 05/24/2013 - Not only is this 'housing recovery' being built without the use of Lumber (as we explained here), but Architects are no longer useful either. The last two months - as homebuilder stocks surge and house prices spike - has seen Architectural billings plunge by the most since November 2008. The current level of activity is at its lowest since June 2012 - hardly indicative of the rampaging rapacious demand for homes that we are spoon-fed day after day...

Nikkei Futures Resume Plunge Submitted by Tyler Durden on 05/24/2013 - Japanese stocks had another violent night with record trading volumes on the TOPIX. The early 'buy the dip mentality' rapidly escalated into sell-Mortimer-sell as the Nikkei 225 dropped another 1000 points after the lunch break. A late day recovery managed to close the index just in the green and all could relax that the world was once again a better place thanks to Abenomics. However, since Japan closed, Nikkei futures have been sold aggressively now testing back down towards overnight lows.

The Rout In Spain Submitted by Tyler Durden on 05/24/2013 - Spain has already gone bankrupt. It is not spoken of in this fashion, no one mentions it in public but that is the truth of it. The money, some $172 billion, was funneled to the banks and not to the sovereign in one more European ruse to distract everyone but the results are the same. Now it is becoming apparent that even this amount of money was not enough so more will have to be given. The money will go to the Spanish banks, the debt will be guaranteed by Spain, the contingent liability will not be counted as part of Spain's debt to GDP ratio but we will know the truth of it. Whatever direct money from Spain that goes into their banks will be called an "investment" and put on the left side of their balance sheet as an asset and the mockery will continue but I can still read a ledger; thank you very much.

Why Italian Bonds Have A Long Way Down To GoSubmitted by Tyler Durden on 05/24/2013 - As we hinted last night, and as the market is starting to realize, one of the bigger downstream casualties of the first rumblings that Abenomics is starting to crack, have been peripheral bond yields, with Spanish, Italian and Portuguese yields all wider by 10 bps and rising. However, that is only half the story. The other half is that, with its usual 6-8 week delay, the market is finally grasping the biggest danger in Europe - one which we have been pounding the table on week after week after week (most recently here): the soaring non-performing loans held by European banks. In fact, it took the FT to confirm what we have been warning about all along. And just so the market has a sense of how much downside may be imminent if indeed reality reasserts itself and frontrunning the Japanese carry trade both occur at the same time, here is a rather unpleasant chart courtesy of Diapason, of what expects all those who bought up Italian bonds in the recent dash-for-trash, oblivious of the collapsing fundamentals, and driven purely by FOMO. The downside could be big to quite big.

Frontrunning: May 24

Submitted by Tyler Durden on 05/24/2013 - 07:31

The deeper agenda behind "Abenomics" (Reuters)

BoJ governor Haruhiko Kuroda promises to stabilise bond market (FT)

Obama Sees Sunset on Sept. 11 War Powers in Drone Limits (BBG)

Lower CPMs for everyone: FTC Begins Probe of Google's Display-Ad Business (WSJ)

Apple’s Tax Magic Leaves Irish Bondholders Unmoved (BBG)

Asia Goes on a Debt Binge as Much of World Sobers Up (WSJ)

All hail Gazpromia: UK gas supply six hours from running out in March (FT)

Spain’s banks face €10bn more provisions (FT) ... and then more, and more, and more

Truck strike may have caused Washington state bridge collapse, officials says (Reuters)

P&G Says A.G. Lafley Rejoins as Chairman, CEO (BBG)

Five Key Things About the SAC Insider Case (BBG)

Fed Stimulus Still Needed to Help Recovery, Bernanke Says { Come on … there’s been no real recovery … he really means more cover for his and wobama’s unequivocal failure and more money for the paper frauds on wall street who the fed’s orchestrated, manipulated slamdown of gold/precious metals was meant to fraudulently help. } NY Times | Despite recent improvement in the job market, the Federal Reserve needs to continue its stimulus efforts to avoid endangering the recovery says Bernanke.

More Foreclosures and Suicides than During the Great Depression Posted by: George Washington Post date: 05/17/2013 - Read 'Em and Weep

Wal-Mart Warns of a Slowdown Posted by: Phoenix Capital... Post date: 05/17/2013 - So much for the “recovery” theory. If you look at the real economy, things are getting worse and worse. When even Wal-Mart reports that people are spending less (remember that...

IRS Official In Charge During Tea Party Targeting Now Runs Health Care Office Submitted by Tyler Durden on 05/17/2013 - We’d like to say that the following is unbelievable, but it’s not.  Unfortunately, it is all too believable.

Gangster State America Paul Craig Roberts | There are many signs of gangster state America. One is the collusion between federal authorities and banksters in a criminal conspiracy to rig the markets for gold and silver. Judge scolds Trump, attorney during testimony AP { t_rump is such total b***s*** and a total fraud! }

The US Student Loan Bubble Broken Down By State, And Why Washington D.C. Sticks Out Like A Sore Thumb. http://albertpeia.com/studentloanbubblebreakdown.htm

Communism For Some, $815 Million For Others: How Mao's Granddaughter "Greatly Leapt Forward" To Untold Riches { Communism/communists are such total b***s***! }

The Number Of US Citizens On Disability Is Now Larger Than The Population Of GreeceSubmitted by Tyler Durden on 05/09/2013 { “The tremendous increase in people on SSDI is nothing but a gigantic fraud. “ Indeed, the program is rife with unaffordable fraud!

The Price Of Copper And 11 Other Recession Indicators That Are Flashing Red Submitted by Tyler Durden on 05/08/2013 - There are a dozen significant economic indicators that are warning that the U.S. economy is heading into a recession.  http://albertpeia.com/recessionindicatorsflashingred.htm { Modern 1920’s redux … all we need are ‘flappers’! }

Jeremy Grantham: "We Have Been Conned" Submitted by Tyler Durden on 05/07/2013 - The lessons of Jeremy Grantham's recent interview with Charlie Rose seem to be becoming increasingly prescient as the stock market surges to new highs amid a crumbling macro (and micro) economy…’

Visualizing The Collapse Of Fiat Currencies

11 Reasons Why The Federal Reserve Should Be AbolishedSubmitted by Tyler Durden on 05/07/2013 - If the American people truly understood how the Federal Reserve system works and what it has done to us, they would be screaming for it to be abolished immediately.  It is a system that was designed by international bankers for the benefit of international bankers, and it is systematically impoverishing the American people. The Federal Reserve system is the primary reason why our currency has declined in value by well over 95 percent and our national debt has gotten more than 5000 times larger over the past 100 years. The Fed creates our "booms" and our "busts", and they have done an absolutely miserable job of managing our economy. So why is the Federal Reserve doing it?  Sadly, this is the way it works all over the globe today.  In fact, all 187 nations that belong to the IMF have a central bank.  But the truth is that there are much better alternatives.

Bill Gross: "Don't Buy - Sell" Submitted by Tyler Durden on 05/02/2013

First Euphoria Then Reality Submitted by Tyler Durden on 05/02/2013

Richard Koo On The Ineffectiveness Of Monetary Expansion Submitted by Tyler Durden on 05/02/2013 - Nomura's Richard Koo destroys the backbone of the modern central bankers only tool in the tool-box in his latest paper. "As more and more people began to realize that increases in monetary base via QE during balance sheet recessions do not mean equivalent increases in money supply, the hype over QEs in the FX market is likely to calm down ...The only way quantitative easing can have a positive impact on economic activity is if the authorities’ purchase of assets from the private sector boosts asset prices, making people feel wealthier and thereby encouraging them to consume more. This is the wealth effect, often referred to by the Fed chairman Bernanke as the portfolio rebalancing effect, but even he has acknowledged that it has a very limitmed impact... In a sense, quantitative easing is meant to benefit the wealthy. After all, it can contribute to GDP only by making those with assets feel wealthier and encouraging them to consume more." { Yet, their marginal propensity to consume is far lower than the non-wealthy, and the amount far less in absolute terms.}

QE Has Been and Will Continue to Be a Complete Failure Phoenix Capital... - There is not one single example in history in which QE has successfully created jobs. The UK has engaged in QE equal to over 20% of its GDP and hasn’t seen a real recovery in employment....

Welcome Back Recession: Chicago PMI Implodes To 49, First Sub-50 Print Since September 2009 Submitted by Tyler Durden on 04/30/2013 - TOTAL COLLAPSE.

The Crisis Is Imminent: “When The Real Crash Comes It Will Be Worse Than the Great Depression” Mac Slavo | “The United States is like the Titanic, and I’m here with the lifeboat trying to get people to leave the ship.”

Macro Collapse Pushes S&P 500 To New All-Time Nominal High And Close Submitted by Tyler Durden on 04/30/2013 - "Horrible"

At $72.8 Trillion, Presenting The Bank With The Biggest Derivative Exposure In The World (Hint: Not JPMorgan) Submitted by Tyler Durden on 04/29/2013 - Think JPMorgan's $69.5 trillion in total notional derivative exposure is big to quite big? You ain't seen nothing yet... { It’s Deutsche Bank. }

Child Hunger Is Exploding In Greece – And 14 Signs That It Is Starting To Happen In America Too Submitted by Tyler Durden on 04/25/2013 - The world is heading into a horrific economic nightmare, and an inordinate amount of the suffering is going to fall on innocent children.  If you want to get an idea of what America is going to look like in the not too distant future, just check out what is happening in Greece.  At this point, Greece is experiencing a full-blown economic depression. And as you will read about below, child hunger is absolutely exploding in Greece right now.  Some families are literally trying to survive on pasta and ketchup.  But don't think for a moment that it can't happen here.Sadly, the truth is that child hunger is already rising very rapidly in our poverty-stricken cities.  Never before have we had so many Americans unable to take care of themselves. Unfortunately, more poor families slip through the cracks with each passing day, and these are supposedly times in which we are experiencing an "economic recovery".  So what are things going to look like when the next major economic downturn strikes?

http://albertpeia.com/childhungeringreeceandamerica.htm

America The Fallen: 24 Signs That Our Once Proud Cities Are Turning Into Poverty-Stricken Hellholes http://albertpeia.com/americanhellholes.htm

Latest Global Economic Slowdown Confirmed After Disappointing Chinese, German PMI Data Submitted by Tyler Durden on 04/23/2013

Headline Of The Day Submitted by Tyler Durden on 04/15/2013 The Senate Judiciary Committee has delayed a hearing on immigration reform a day before a bipartisan bill is to be introduced…delay was to give senators more time to read the bill { Read the bill … sounds like a plan! }

Guest Post: Don't Ask - It's Magic! Submitted by Tyler Durden on 04/12/2013 - "Any sufficiently advanced cartel's actions are indistinguishable from magic." http://albertpeia.com/magictillcrashreality.htm

Fed Releases Names Of Early FOMC Minutes Recipients: Include Employees Of Goldman, Barclays, JPM, Law And PE Firms Submitted by Tyler Durden on 04/10/2013 - We will release the full list of named recipients once we get it, but here is what we now for now, via BBG and CNN: *EMPLOYEES AT GOLDMAN SACHS, BARCLAYS, JP MORGAN, CITI, NOMURA, UBS, HSBC RECEIVED FED MINUTES EARLY YESTERDAY *MOST OF THE BANK EMPLOYEES APPEAR TO WORK IN GOVERNMENTAL RELATIONS (Lobbies) *ABA, SIFMA, SENATE STAFFERS RECEIVED FED MINUTES EARLY *FED NAMES 154 RECIPIENTS OF EARLY RELEASE OF FOMC MINUTES *FED MINUTES SENT EARLY TO BANKS, LAW FIRMS, PRIVATE EQUITY *FED EARLIER SAID RELEASE WENT MAINLY TO CONGRESS, TRADE GROUPS *NONE OF THE PEOPLE ON THE LIST ALERTED THE FED THAT THEY RECEIVED NONPUBLIC INFO A DAY EARLY In other words: absolutely everyone who trades risk assets for a living.

All Over America Evangelical Christians Are Being Labeled As “Extremists” And “Hate Groups”

http://albertpeia.com/christianslabeledextremistshategroups.htm

More Than 101 Million Working Age Americans Do Not Have A Job http://albertpeia.com/morethan101millionwojobs.htm

Guest Post: We're Living Through A Rare Economic Transformation Submitted by Tyler Durden on 04/04/2013 - In 1993, management guru Peter Drucker published a short book entitled Post-Capitalist Society. Drucker identified that developed-world economies were entering a new knowledge-based era – as opposed to the preceding industrial-based era - which represented just as big a leap from the agrarian-based one it had superseded. From this perspective, the nation-state is no longer indispensable to the knowledge economy, and as a result, Drucker foresaw the emergence of new social structures would arise and co-exist with the nation-state. Drucker summed up the difference between what many term a post-industrial economy and what he calls a knowledge economy this way: "That knowledge has become the resource rather than a resource is what makes our society 'post-capitalist.' This fact changes – fundamentally – the structure of society.  The means of production is and will be knowledge." Though he doesn’t state it directly, this means that the highly centralized sectors of the economy, from finance to government, will be disrupted by a rapidly evolving, decentralized “society of organizations.”

US Macro Data Plunges Most In 10 MonthsSubmitted by Tyler Durden on 04/05/2013 People Not In Labor Force Soar By 663,000 To 90 Million, Labor Force Participation Rate At 1979 Levels

From North Dakota To New York - Let Freedom Ring In The 50 States ZH- Every two years the 50 states compete for the title of "Most Free State," and George Mason University's Mercatus Center rankings based on 200 factors generalized under Fiscal Policy, Regulatory Policy, and Personal Freedom, provide significant color on just how free (or not) the various states are. New Hampshire was the 'free-est' state in 2011 but fell to 4th this year as North Dakota is 2013's 'free-est' state. New York and California bring up the rear as the least free states but the following clip and charts show just where the freedom is spreading - Georgia, Arizona, and Idaho; and where it is not - Oregon, Kansas, and Colorado. http://albertpeia.com/mostfreestate.htm

Krugman's "Smoot-Hawley Moment" Posted by : Bruce Krasting Post date: 03/25/2013 - This is what the world's "smartest" economist is calling for. http://albertpeia.com/krastingalloverkrugman.htm

BLaCKSWaN DiJSSeLBooM! Posted by: williambanzai7 Post date: 03/25/2013 - Who said the circus left town? http://albertpeia.com/blackswan.htm

Chief Actuary for SS - Raid the Retirement Fund! Posted by: Bruce Krasting Post date: 03/20/2013 - Lightening does not strike twice in the same place very often, especially in Washington. http://albertpeia.com/governmentraidofssretirementfund.htm

Is Greenspan Sealing the Market’s Fate?Submitted by Tyler Durden on 03/16/2013 - There once was a time when it was fair to say that Alan Greenspan was the biggest living contrary indicator of all time. Long before he became known to a wider audience, in early January of 1973, he famously pronounced (paraphrasing) that 'there is no reason to be anything but bullish now'. The stock market topped out two days later and subsequently suffered what was then its biggest collapse since the 1929-1932 bear market. That was a first hint that stock market traders should pay heed to the mutterings of the later Fed chairman when they concerned market forecasts: whatever he says, make sure you do the exact opposite. The reason why we feel he must be relegated to third place is that since then, arguably two even bigger living contrary indicators have entered the scene: Ben 'the sub-prime crisis is well contained' Bernanke, and Olli 'the euro crisis is over' Rehn. Admittedly it is not yet certain who will be judged the most reliable of them by history, but in any case, when Greenspan speaks, we should definitely still pay heed...

From: "Adam Green, BoldProgressives.org"
To: Albert Peia
Albert...making sure you saw this. Watch Elizabeth Warren grill the bank regulators -- and join her in demanding that Wall Street be held accountable! -- Adam

This today from ZeroHedge.com {So much for their dollar debasing/inflationary/pro-paper-stock-price QE wall street welfare …

Foodstamp Recipients Hit Record, Alongside Record Dow Jones And Record Debt: 20% Of Eligible Americans On EBT Submitted by Tyler Durden on 03/11/2013 - Record Dow Jones, record US debt ($16,701,846,937,879.74), and now, once more, record number of Americans on foodstamps. According to the USDA, an all time high of 47,791,966 Americans closed 2012 in possession of the highly desired Electronic Benefits Transfer (EBT) card, managed by who else but JPMorgan. And with a civilian non-institutional population of 244.4 million in December, this means that a record 19.56% of eligible Americans are on Foodstamps.

As a matter of candor, the following will be among my posts this day:

Private Prisons: The More Americans They Put Behind Bars The More Money They Make

http://theeconomiccollapseblog.com

http://albertpeia.com/imprisonamerica.htm

‘How would you describe an industry that wants to put more Americans in prison and keep them there longer so that it can make more money? { How ‘bout putting them, ie., wall street frauds, mobsters, ie., trumps et als, among many others in prison because they belong there! } In America today, approximately 130,000 people are locked up in private prisons that are being run by for-profit companies, and that number is growing very rapidly.  Overall, the U.S. has approximately 25 percent of the entire global prison population even though it only has 5 percent of the total global population.  The United States has the highest incarceration rate on the entire globe by far, and no nation in the history of the world has ever locked up more of its own citizens than we have.  Are we really such a cesspool of filth and decay that we need to lock up so many of our own people? { Short answer, YES! } Or are there some other factors at work? { That too! } Could part of the problem be that we have allowed companies to lock up men and women in cages for profit?  The two largest private prison companies combined to bring in close to $3,000,000,000 in revenue in 2010, and the largest private prison companies have spent tens of millions of dollars on lobbying and campaign contributions over the past decade.  Putting Americans behind bars has become very big business, and those companies have been given a perverse incentive to push for even more Americans to be locked up.  It is a system that is absolutely teeming with corruption, and it is going to get a lot worse unless someone does something about it { There is no question but that america is pervasively corrupt, and the vast majority inherently criminal! Eric Holder: Some Banks Are So Large That It Is Difficult For Us To Prosecute Them Submitted by Tyler Durden on 03/06/2013 - { Come on! That’s ridiculous and a bald-faced cowardly lie! First, you prosecute the individuals, not necessarily the employing corporation. Sure, there may be derivative liability (pun intended); but, that’s surely no reason not to prosecute. After all, there is a whole history of prosecution of such ‘combines’ of criminality, to america’s growth and betterment as a consequence thereof. Quite simply, it’s the familiar and now pervasive story of plain old american corruption. I mean, come on … from my own direct observation and experience, trump, a corrupt judge here and there, have no such dire, humongous impact on the economy. Rather, it’s the precise opposite that is true; not only from the confidence and salutary expectations created from prosecutions of such ilk; but as well, from the proper allocations of resources created by such prosecutions (crime should never pay, but in america it now does and well at that; and just look at the results in america’s significant decline! That’s just typical, self-serving, lazy jivetalking b***s***!) … Bill Gross Gets It { Gets what? Why is this surprising? With $4 trillion gone missing (still) at the ny fed, americans should not trust the ny fed. Germany’s move is totally rational (A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm ). How can anyone trust fraudulent, thieving americans with their money or gold, particularly in the fraud capital of the world, new york city Michael Savage: Don't trust feds on flu shot...{ Or anything else, for that matter. Indeed, from my direct experience, the actions/inaction of the feds are geared toward making one reliant/dependent upon them (ie., food stamps, faux disability, unemployment comp extensions, ‘protection’ from rampant, blatant crime or not, etc., despite america’s defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence and venality. In fact, stepping back, I have seen first hand those siding with/benefiting from (and the encouraging of more crime), ie., RICO defendants et als, actually rewarded by the pervasively corrupt/defacto bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a combination of and tantamount to what is essentially hush money, bribes, etc.). Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless nation of marauders/thieves that no longer even remotely resembles what it purports to be and arguably once was. Replaying Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } While it is widely assumed that the too-big-to-fail banks in the US (and elsewhere) are beyond the criminal justice system - based on simple empirical fact - when the Attorney General of the United States openly admits to the fact that he is "concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them," since, "it will have a negative impact on the national economy, perhaps even the world economy," one has to stare open-mouthed at the state of our union. It appears, just as the proletariat assumed, that too-big-to-fail banks are indeed too-big-to-jail. The Government Has It Bass-Ackwards: Failing To Prosecute Criminal Fraud by the Big Banks Is Killing – NOT Saving – the Economy Posted by : George Washington Post date: 03/06/2013 - Failure to Prosecute Fraud Causes Economic Downturns Chief Justice John Roberts Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } … Bloomberg To Appeal Halt Of "Arbitrary And Capricious" Decision, Will Fight Valiantly To Curb New York Obesity Submitted by Tyler Durden on 03/11/2013 { You’d think with all the nation-draining crime and fraud in new york, ie., on wall street, mob/mobsters/mafia, trump et als, etc., dumbloomdoomberg would have many more important things to do beyond capriciously, arbitrarily micromanaging people’s soda intake, etc.. Such ineffectual incompetents use such to obfuscate and divert attention from their blatant failure… what next? 1 slice of pastrami instead of 3, 4 inch nathan’s hot dogs, 6 inch diameter pizzas, etc.? Ridiculous! }

The Last Laugh: Illinois Pension System Charged For Not Disclosing "Structural Underfunding"Submitted by Tyler Durden on 03/11/2013

Every "Record" Dow Jones Point Costs $200 Million In Federal Debt Submitted by Tyler Durden on 03/08/2013

Reality Check: The Dow Jones Industrial Average Vs. Bananas Submitted by Tyler Durden on 03/08/2013 - 15:38 The Dow Jones Industrial Average, one of the key benchmarks of the US stock market, has soundly surpassed its all-time high. And most of the investing world is toasting their collective success and celebrating the recovery. It’s a funny thing, really. Most investors only think in terms of ‘nominal’ numbers, i.e. Dow 14,000+ is 40% higher than Dow 10,000 (back in November 2009). But few think in terms of ‘real’ numbers... inflation-adjusted averages. Everyone knows that inflation exists. We can all look back on prices from the past and realize instantly how much more expensive things have become. Conversely, though, most people don’t think about the stock market like this. The reality is, though, that when you adjust for inflation, the Dow is well below its highs from over a decade ago. We thought we’d put this into a bit of perspective...

Think This Can't Happen Where You Live? Think Again... ZH Throughout history, bankrupt governments in decline almost ALWAYS fall back on a time-tested playbook. This includes imposing controls on everything - wage and price controls, trade controls, capital controls, border controls, people controls. Everything. And this idea goes back to the dawn of human civilization. From Mesopotamia to Rome and from France to Argentina, these policies have been a complete disaster for the country. But as the rest of the world looks on, people in ‘rich’ countries foolishly believe that ‘it can’t happen here.’ So, again, if you think that gold criminalization, price controls, and IRA/pension confiscation could never happen where you live, think again. This is wishful, ignorant, dangerous thinking. It can happen. It is already happening.

"Mission Accomplished" ZH - 'Mission Accomplished' Mr. Bernanke, well played - record stocks, record debt, record food stamps recipients.

"Enthusiasm", "Greed" Or "Delusion" Phase? http://albertpeia.com/nicebubblechart.gif

FBI And SEC Team Up To Take Down HFTSubmitted by Tyler Durden on 03/05/2013 - After exposing the stock market manipulative arsenal that is High Frequency Trading, quote stuffing, flash trading, packet churning, layering, sub-pennying, liquidity, latency and dark pool arbitrage, NBBO and Reg NMS exemptions, "hide-not-sliding", collocation, and much, much more for four years, or so long even Credit Suisse joined the chorus we started in April of 2009, we are glad to learn that finally, with a ridiculous Rip Van Winklesian delay, but better late than never, "the FBI has teamed up with securities regulators to tackle the potential threat of market manipulation posed by new computer trading methods that have taken operations beyond the scope of traditional policing." In other words, the SEC has finally realized it can no longer pretend it is not co-opted, but because it has no clue where to even start with HFT, has asked the help of the Feds. Which in itself is hardly reason for optimism, but if there is one thing Hans Gruber has taught us, it is that when the Feds get involved, the first thing they do is cut the power, and in this algo-based market that will end some 99% of all daily manipulative practices we have all grown to love and look forward to every single day.

Druckenmiller: "When You Get This Kind Of Rigging, It Will End Badly" ZH

Citi: "This Is The First European Election In Which Voters Didn't Do The Right Thing"

Submitted by Tyler Durden on 02/25/2013 { Riiiiight! And, ‘Citi’, also of wall street fraud debacle fame, the ‘ultimate’ arbiter of what is the ‘right thing’ … riiiiight … thang … we’ve reached the point of such absurdity where you really can’t make this stuff up, so outlandish and criminally preposterous if not insane, they’ve become! }

El-Erian On Stocks: "Prices Are Artificially High - It’s Time to Take Profits"

Submitted by Tyler Durden on 02/15/2013 - "It’s not going away, it’s going to get worse," is how PIMCO's Mohamed El-Erian warns Yahoo's Lauren Lyster about central bank policy and the currency wars that are so much in discussion currently. Central banks have been compelled to undertake unconventional measures, things they haven’t done before, because other policymakers are not stepping up to take responsibility on the fiscal side. These implicit devaluations and beggar-thy-neighbor policies force a lot of liquidity into the system and by pushing up asset prices, central banks believe, create a 'weath effect'. It can also trigger “animal spirits” – we get all excited and invest more. In terms of equity markets, El-Erian says investors are split into two camps. One camp believes that everything will go higher and central banks will succeed in their efforts. The other camp believes asset prices are going to come down to meet the fundamentals. El-Erian puts himself in the second camp. “We think that prices are artificially high, that maintaining them here is going to be hard as central banks become less effective, and that it’s time to book some profits and to wait for some better entry points,” he explains. He clarifies that this is not a “Lehman moment." But “prices that have gotten way ahead of what policy can deliver,"

Goldman 'Explains' The 'Market': "Best Not To Look A Gift-Horse In The Mouth"

Submitted by Tyler Durden on 02/19/2013 - Good news, bad news, no news, dips, no dips, who cares. As Goldman sales/trading desk says, never look a gift-Bernanke in the mouth (especially if he ends up in a frozen lasagna at a store near you).

From GS:

A solid rally today and new cycle highs for US equities – but that’s where the story stops. No obvious catalyst. No bullish data. European stocks traded well, with most people pointing to a better German ZEW print, but it’s not clear why that would translate into such a strong US trading session. Maybe it’s best though not to look a gift-horse in the mouth.

One can't help but laugh at this "market." { Riiiiight! Sounds like a plan! The ‘gift-horse’ that’s … not a gift-horse at all … You’re paying through your nose and teeth. It was amusing to see mainstream media puzzling over the record high gas prices so early in this time of year, and as well, the coming jump in beef prices. There’s no mystery here! This is the natural and inevitable concomitant to ‘printing presses gone wild’. Not printing presses for product for intellectual consumption; but rather, printing presses (whether by print or computer leger entry) for those ever more worthless paper fiat dollars backed by nothing but insurmountable debt of a defacto bankrupt nation. Remember: There’s no free lunch … fraudulent wall street’s predictable/intended gain (from QE, currency debasement, etc.) is your substantial pain! It’s the zimbabwee financial model gone american …

Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! } “Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical)…”

Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe.

Global ‘credit supernova’ turns 2013 bull to bear Marketwatch

Paul B. Farrell Archives | Email alerts Feb. 9, 2013, 6:02 a.m. EST Global ‘credit supernova’ turns 2013 bull into bear

Commentary: Bill Gross warns about Fed’s cheap-money schemes

By Paul B. Farrell, MarketWatch

SAN LUIS OBISPO, Calif. (MarketWatch) — ‘Bill Gross predicting a “Credit Supernova.” Yes, that’s what the “Bond King” sees dead ahead. He knows, his firm has $2 trillion at risk of collapsing into the “Black Hole” coming after the Credit Supernova, when the Federal Reserve cheap money finally explodes in America’s face, brings down the economy, again.

Gross’s Credit Supernova metaphor is the explosive headline on his latest Pimco newsletter. So what’s a supernova? Jump over to the Space.com’s parallel universe where you’ll discover a supernova happens when a “blindingly bright star bursts into view in a corner of the night sky ... burns like a ... brilliant point of light.”

A supernova is “the explosion of a star that has reached the end of its life ... Supernovas can briefly outshine entire galaxies and radiate more energy than our sun will in its entire lifetime.”

Yes, a supernova is the “explosion of a star that has reached the end of its life.”

“End of its life?” Is America’s star economy burning out? Sure sounds like it: Gross is doing more than just hinting with his Credit Supernova metaphor. He’s predicting the collapse of the American economy and global financial markets, far worse than the 2008 Wall Street bank credit collapse, worse than the 2000 dot-com crash.

As the folks over at Business Insider put it: “Investment banks have morphed markets with ‘Ponzi Finance.’ And time is almost up.”

Fed’s Ponzi scheme: Credit expansion killing economic growth

Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?

http://albertpeia.com/retailapocalypse.htm

What Happens to a Financial System When Its Two Biggest Pillars Collapse?

http://albertpeia.com/systemicfinancialcollapse2pillarsdown.htm

Abolish The Income Tax: You Won’t Believe Who Is Getting Away With Paying Zero Taxes While The Middle Class Gets Hammered

http://albertpeia.com/notaxationwithoutrepresentation.htm

Billionaires Dumping Stocks, Economist Knows Why Wednesday, 06 Feb 2013 01:59 PM By Newsmax Wires Read Latest Breaking News from Newsmax.com http://www.moneynews.com/MKTNews/billionaires-dump-economist-stock/2012/08/29/id/450265?PROMO_CODE=110D8-1&utm_source=taboola#ixzz2LEHx4EHt

21 Signs That U.S. Public Schools Have Become Training Centers For Sexual Deviancy

http://albertpeia.com/ustrainingcentersforsexualdeviancy.htm

[ 25 Signs American Women Are Being Destroyed By The Sexual Revolution And Our Promiscuous Culture

http://albertpeia.com/uspromiscuity.htm { I’m constrained to say that grammar, junior high, and high school in the suburban town in which I grew up were not at all like that; and, far more conservative and restrained. I’ve included the following previous reference/link as a matter of disclosure and so as not to appear as a hypocrite in the context of this referenced subject: Drudgereport: STUDY: Girls As Young As 6 See Themselves As Sex Objects... { Wow! This is really quite alarming and bespeaks america’s new-found perverse, third-world uncivilized status, which is ‘picked up’ by kids who in some ways are smarter than given credit for with a vulnerable longing to please, be accepted in light of their powerless position in our ever more deteriorating society. For the record, personally, I’ve never had a virgin though I’ve been in a position to; that’s something I just don’t do. Never have, never wanted to, never would, never will! Moreover, with the prevalence of sick pedophiles and kiddie-porn, it’s not so surprising that kids might pick up on such abominable vibes. It is difficult to imagine that little girls could be the objects of such horror as, ie., Samantha Runnion ( who was kidnapped, sexually abused and strangled by a man who lured her from her front yard by telling her he had lost his dog. Her naked body was found the next day by a hiker in Cleveland National Forest, 50 miles southeast of Stanton.^[1] The autopsy revealed that she died from compression. A sample of the kidnapper's DNA was found under her fingernail. The suspect, a Lake Elsinore, California, man named Alejandro Avila, was convicted of first degree murder with special circumstances in May 2005. His DNA was found on Samantha's body, and her DNA was found in his car. He was arrested three days after the abduction. Avila had previously been to the condominium complex where Samantha lived, because his ex-girlfriend resided there and he had been previously acquitted of molesting her daughter and niece. On May 16, 2005, the jury recommended he receive the death penalty. On July 22, 2005, Avila was formally sentenced to death. He is incarcerated at San Quentin State Prison on death row ). As an aside, I’ve included the following for the record as well: Though I’ve had many consensual sexual liasons with many different female sexual partners (mid-hundreds) all of whom I liked, I’ve never, ever resorted to prostitutes. The accidental exceptions included two ‘call girls’; one having met at summer beach town bar matinee and who was ‘not working’ (as it turned out the reason being she was at the end of her menstrual cycle). The other at a grocery store with her daughter which made such in my mind, unlikely. As it turned out, both were ‘nymphomaniacs’ (which, truth be told, made for quite an exceptional sexual romp) and I simplistically inferred/surmised without dwelling on the subject that they probably expected they’d have inordinate amounts of sex anyway and might as well get paid for it – of course I didn’t nor was I asked to pay. The other incident I’m including here for the record concerned an absolutely beautiful (blonde hair, blue eyes, pretty, cute, perfectly built/proportioned – make no mistake, however, I like brunettes also) girl I met at a bar called ‘the Red Ranch’, later changed to ‘Harpoon Willy’s’. At closing, we immediately became amorous, near intimate to a point in my car with abrupt ‘resistance’ at the ‘crucial moments’. When I finally, ‘exasperated’, asked ‘what’s up’, she stated she had recently broken up with her boyfriend who had gone too far in the ‘sado-masochistic’ ritual behavior they were, and she still was into. I told her I wasn’t into it (I don’t connect sex with sado-masochism); never would, never did, never will. We talked for quite some time and she explained her ‘predisposition’ the (her perceived) consequence of her strict, puritanical upbringing and feelings of guilt concomitant with sexual activity requiring coincident punishment/pain when so engaged. I was busy with law school evenings, work full-time, and teaching at a local college part-time and parted ways without taking her number and never did see her again. } ]

Israeli Attack: Desperate Bid to Save Failed Syrian Campaign Tony Cartalucci | Israel has conducted airstrikes in Syria based on “suspicions” of chemical weapon transfers. { Yes, indeed! This was a somewhat typical (and costly for the u.s. and the rest of the world) act of desperation by the war crimes nation israel to keep the flames of war stoked in whatever ways possible. The israelis thrive on chaos at other people’s expense/cost and shed blood; and yet, they remain u.n. resolution/international law violators, with 200+ illegal nukes to boot, with barely a peep from the world community as they assume immoral authority to accuse other nations of their own lawless ways. This world can no longer afford war crimes nation israel. } Netanyahu Deploys 'Syrian' Iron-Dome As Israeli Minister Claims US Preparing 'Surgical' Strikes Against Iran { Israel warns of possible pre-emptive strike in Syria... Key facility hit? Kissinger: Iran nuclear crisis close... [ Kissinger Predicts Nuclear War with Iran { This would be a zionist wet dream come true! And, a disaster for literally everyone else, particularly for pervasively corrupt, defact bankrupt america whose prior orwellian pro-israeli moves have not turned out well for anyone including america except for israel, the war profiteers and the military industrial complex as warned against by the underrated but great president General Eisenhower! } Kurt Nimmo | Characterizes looming conflict as “a turning point in human history.” { Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby doesn’t even have to pay kissinger for such folly! How ‘bout the turning point being the misguided balfour declaration and the subsequent existing 200+ illegal israeli nukes! } Video: Globalist Kingpin Predicts Nuclear War with Iran Prison Planet.com | Globalist kingpin, renowned war criminal and Rockefeller co-conspirator Henry Kissinger is talking up a nuclear conflagration. { Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby doesn’t even have to pay kissinger for such folly! How ‘bout the turning point being the misguided balfour declaration and the subsequent existing 200+ illegal israeli nukes! } ] Submitted by Tyler Durden on 01/27/2013 Israeli PM Benjamin Netanyahu says his nation must prepare for the threat of a chemical attack from Syria, amid concern at enemy efforts to test a post-election coalition Israel, and has deployed its new Iron Dome anti-missile system near the border with its northern neighbor. Along with this concern, as many have perhaps suspected, the Israeli Defense Minister confirmed yesterday that the US has prepared plans for a 'surgical' military operation to delay Iran's nuclear program. As The Jerusalem Post reports, Ehud Barak, added that in the past the US has been heavy-handed but that under Barack Obama, the United States has "prepared quite sophisticated, fine, extremely fine, scalpels," if the worse comes to the worst - even though the Israeli preference would be to end the nuclear threat diplomatically, calling for tougher sanctions (though he expressed doubt that diplomacy would lead to success). Just another geopolitical hotspot that the world's markets choose to ignore in deference to the one true leader - central bankers.

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http://albertpeia.com/todaysbusinesssummarylinks.htm

http://albertpeia.com/fbimartinezcongallard.htm

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

http://albertpeia.com

What in the World Has Happened to the FBI/DOJ?
http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm

5-24-13 Obama Fails to Salute Marine...
Promotes State Dept Talking Points Editor...
ISSA Seeks Interviews Of 13 Officials Involved In Benghazi...
Hillary?
Unions begin turning on Obamacare...

Zimmerman's Lawyer Wants Jurors To See Photos Of Handgun, Pot Plants Found On Trayvon Martin's Phone...
'Paint troubling picture'...
UK AIR SCARES

Britain braces for possible copycat attacks...
Stockholm rioting continues for 5th night...
Swedish cops seek reinforcements...
'They don't want to integrate'...
Police station torched...

911 Dispatcher Tells Woman About To Be Sexually Assaulted There Are No Cops Due To Budget Cuts...
'Can You Ask Him To Go Away?'

SURVEY: 47% of Chinese are atheists...

5-23-13 HOLDER OK'D SEIZURE OF FOX REPORTER EMAILS
Obama Orders Holder to Investigate -- Holder...

Declares increase in domestic terrorism fueled by Internet...

FLASH CRASH...
HECKLED OVER GITMO...
'Sit Down. You should let me finish my sentence'...
'Part of Free Speech Is You Listening'...
Calls for bringing Gitmo terror suspects to US...
GOP SEN: Speech 'viewed by terrorists as victory'...

OBAMA TO DRONE LESS
POLL: Majority Want to Return to Pre-Obamacare System...

REPORT: LA Mayor broke...
DNC Chairman's 'Quest for Wall Street, Washington and Wealth'...

PREMATURE ELECTION: *****SLAPS WEINER...
'Shame On Us' If We Erect Him...
First campaign stop: Harlem...
Press frenzy...
More Lewd Photos Might Come Out...
Hillary Clinton strives to steer clear of yet another sex scandal...

Swedish riots rage for fourth night...
PAPER: 'Niggers who slaughtered soldier are British born'...
'Beheaded'...
VIDEO **WARNING: GRAPHIC**

Cab Driver Brutally Beaten Has Taxi Stolen By 2 Women...

5-22-13 REPORT: DOJ Seized Records of Five FOXNEWS Phones...
... INCLUDING PARENTS OF TARGETED REPORTER
Judge Apologizes For Lack of Transparency...

ISSA TO HAUL LERNER BACK BEFORE COMMITTEE...
'Waived her fifth amendment rights' by giving opening statement...
IRS internal investigation ended 6 months before '12 election, was hidden from Congress...
Dem warns of special prosecutor...

SPECIAL PROSECUTOR 'INEVITABLE'...
Bernanke Has Now Injected Foreign Banks With Over $1 Trillion In Cash...

Board Votes To Close 49 Chicago Elementary Schools...
KIDS SLAM 'GODFATHER'...

Man kidnapped off NYC street, tortured for 30 days...
LONDON SHOCK { Niggers butcher white soldier. }
BRITISH SOLDIER HACKED TO DEATH WITH MACHETE ON LONDON STREET...
'Beheaded'...
VIDEO **WARNING: GRAPHIC**
'We swear we will never stop fighting you'...
Rant against the West...
'We want to start a war in London tonight'...

REPORT: DOJ Seized Records of Five FOXNEWS Phone Numbers...

CBSNEWS reporter: My computers hacked, too...
'Began in Feb. 2011 during reporting on 'Fast and Furious''...

FBI ID's five suspects in Benghazi attack...
Administration officials privately admit mistakes...
Issa warns Hillary...
New Whistleblowers?
CIA 'Honored Benghazi Chief in Secret Ceremony'...

TOP IRS OFFICIAL TO TAKE THE FIFTH

Commissioner knew more than year ago about IRS targeting conservatives...
Ex-chief: Can't say how it happened...
Conservative Group Waiting 3 Years For Approval Files Suit...
IRS worker used government credit card for years-long AMAZON shopping spree...
Top Dems blame scandal on tax code...
MARCHING ORDERS: Liberal Pundits Gather in West Wing...
GOP Sen. Launches Hotline for Reports of IRS Targeting...
SCANDAL TIMELINE: Who knew what, when?
Veteran manager not buying admin story...

EF-5: Dwarfed Hiroshima Bomb...

'WE NEED PRAYERS'...
PATH OF DESTRUCTION...
'ALL YOU COULD HEAR WERE SCREAMS'...
24 CONFIRMED DEAD...
7 'DROWNED IN BASEMENT'...
SEARCH FOR SURVIVORS...
Parents call for children with bullhorns...
PHOTOS...
LIVE...
Mom Held Daughter By Hair To Keep Her From Flying Away...

5-20-13 DOJ TARGETED FOXNEWS REPORTERS, PRODUCER...
Tracked movements via key card, traced calls...
GOOGLE GAVE DOJ PRIVATE E MAILS...
FOXNEWS: We will unequivocally defend free press...
REPORT: DOJ Leaked Docs to Smear Fast & Furious Whistleblower...
Administration's Two-Front War...
RNC Chief: Obama Creating 'Atomsphere of Guerilla Warfare'...
Congressman: Impeachment an option...

Anonymous IRS official -- everything comes from the top...
McConnell: 'There is culture of intimidation throughout administration'...
DAY-BY-DAY: HOW WHITE HOUSE CHANGES ITS IRS STORY...
Dem Allies Call for Special Prosecutor...
Reporters Stonewalled; Escorted by Police in Public IRS Office Building...
Portman: IRS will need special counsel...
'I Could Take Up Whole Afternoon Talking About His Failures'... { michelle o on o }
'I'M A BLACK MAN'... { No, obama … you’re a typical nigger! You’re an over-vacationed, underperforming, incompetent, lazy-ass, typical b***s*** nigger who also happen to be an unequivocally failed president! }
Obama Uses Commencement Address to Recall Jim Crow, Racism of 40s, 50s... { Such calling of a ‘spade a spade’ provided a sound foundation to america’s rise; failure to do so has precipitated america’s decline. Everybody knows it; and are afraid to say it. Reality counts! }
'As an African American you have to work twice as hard'... { Come on … twice as hard? … obama’s never even had a real job … more typical obama b***s***… the stark reality is that, obama included, they don’t even bother working a fraction as hard as others … and, they really don’t care that they don’t … the very narrow, limited exception(s) are particularly games where performance is quite visible and measurable; and hence, not subject to the specious, spurious cries of racism when calling the nigger out for failed or non-performance. Results count! }
CHICAGOLAND: 5 Dead, 15 Wounded In Weekend Violence...
Teen mobs run wild in downtown...

TORNADOES RIP OK
MILE-WIDE FUNNEL
200 MPH WINDS

5-17-13 IRS HID PROBE UNTIL AFTER ELECTION...
THEY KNEW...
...LAST JUNE
Dems grow nervous...
Agency stalled conservative groups, but gave speedy approval to Obama foundation...
Used 'planted' question to reveal scandal...
'Absolutely Not Illegal'...
'IS THIS STILL AMERICA?'
UPDATE: TV Anchor Barred From FACEBOOK, Interviews After Discussing IRS Harrassment...
Congressman Receives Standing Ovation After He Rips IRS Commissioner...
IRS ASKED GROUP ABOUT 'CONTENT OF THEIR PRAYERS'

Report: IRS denied tax-exempt status to pro-lifers on behalf of Planned Parenthood...
Conservative Hispanic Groups Targeted...
FOX NEWS HOST: I Was Audited After Criticizing Obama...
AUDIT THIS: NFL players tweets photo of him urinating on IRS sign...
Employees at center of scandal: 'We were simply doing what our bosses ordered'...
NOONAN: This Is No Ordinary Scandal...

IN CHARGE DURING 'TEA PARTY' TARGETING, NOW RUNS IRS OBAMACARE OFFICE

More mystery over AP subpoenas process at Justice Department...

IRS henchwoman got $103,390 in bonuses...

Obama Consoles Student After Failing To Answer '2 Minus 1' Correctly: 'Subtraction Is Tougher Than Addition'...
First Lady laments that many blacks have lost 'hunger' to learn... { Well, not quite... there are many new ways to commit some very old crimes…even smash and grab at those ‘local jewelry stores’ has evolved somewhat, etc. }

5-16-13 OBAMA CALLS IN MARINES -- TO SHIELD HIM FROM RAIN... { What a typical, over-vacationed, underperforming, incompetent, lazy-ass, b***s*** nigger wobama is! }
Obama 'Accountable' -- 'Runs IRS, Treasury'...

WITHOLDER: Attorney General 'seems proud of how little he knows'... { Typical niggers! The time has come to call a spade a spade because the reality is that they are spades! Typical spades! }
Liberal talk show host calls for Holder to be fired...
REPORT: Obama Eying Pal Deval Patrick For Slot...
Fires IRS Boss -- Who Was Leaving Anyway...
'Complete confidence' in coverup confidence-man Holder...
CONGRESSMAN CHARGES:
THEY TAPPED HOUSE CLOAK ROOM!

President blames Benghazi on lack of funding... { Riiiiiight … and we have the deficits to prove it …NOT! The time has come to call a spade a spade because the reality is that they are spades! Typical spades! }

EMAILS CONTRADICT WH CLAIMS...
Benghazi Dump: Critical Two-Day Gap...
First Released Email 67 Hours After Attack...
PETRAEUS: 'Frankly, I'd Just As Soon Not Use This'...
'No One Knew Much of Anything'...
Holder Says No to Special Counsel on Scandal...

CHICAGOLAND: Man With 'Cop Killa' Tattoo On Face Arrested For Threatening Cops...

S&P DOWNGRADES BUFFETT'S BERKSHIRE...

STUDY: Physically strong men more likely to have right-wing political views...
'Weaker men more likely to support welfare state, wealth redistribution'...

Sandy-Ravaged NYC Homes Vandalized For Copper, Plumbing Pipes -- After Renovations...

Another Court Rules Administration's Labor Appointments Unconstitutional...

5-15-13 IRS ASKED FOR FACEBOOK POSTS, READING LISTS, PRIVATE THOUGHTS...
CLAIM: OBAMA CAMPAIGN CO-CHAIR ATTACKED ROMNEY WITH LEAKED DOCS...
EXEC AT CENTER OF SCANDAL GOT $42K IN BONUSES...
IRS approved liberal groups while Tea Party in limbo...
'Thin' IG report only skims surface...
GOP Rep: Impeachment Not 'Off The Table'...
Prominent Catholic Prof. Claims IRS Audited Her After Speaking Out Against Obama...
Demanded to Know Who Was Paying Her...

POLITICO: OBAMA LOSES DC...
McCONNELL: 'We've Only Started to Scratch the Surface of This Scandal'...
FRANKLIN GRAHAM: IRS TARGETED US, TOO...
Rev. Billy Graham Endorsed Romney...
IRS requests stalled applications of conservative groups up to 13 months...
'They were asking for a U-Haul truck's worth of information'...
Official speedily approved exemption for Obama's brother's 'charity'...
'Corrective actions have not been fully implemented'...
RANGEL TO OBAMA: Come clean...

FLASHBACK: 'I Bear Responsibility for Everything -- To Some Degree'...

DEMOCRATIC MAYOR OF BROKE DETROIT CALLS IT QUITS...

5-14-13 GOVT TAPS PRESS PHONE RECORDS FOR MONTHS

DOJ tracked 20 phone lines at AP...
Inside AP: Fear, anger, disbelief...
Swept up entire collection of records...
DRUDGE: Assume all your communications are being monitored...

REPORT: HEALTH PREMIUMS TO SOAR 400%...

Washington IRS officials targeted conservatives...

'Son of Watergate?'
40 years later -- to the week...
Top Dem calls for public testimony on Benghazi...
WASHPOST: Obama's claim he called 'act of terrorism' -- Four Pinocchios...
Cover-up 'still ongoing'...
McCONNELL: 'We've Only Started to Scratch the Surface of This Scandal'...
IRS LEAKED INFO ON CONSERVATIVES TO MEDIA
WH: 'People Were Aware' of Conservatives being Targeted, But Didn't Do Anything About It...
REPORT: IRS targeted news anchor after Obama interview...
'After interview, IRS started hammering me'...
55-questions sent to tea party group; Demands for donor lists, names of all volunteers...
BOOK: IRS retaliates against outspoken business leaders...
Tea Party groups threaten to sue...
Kentucky activist to IRS: 'Apology not accepted'...
Probe Expands To Groups Opposed To Gov't, Teaching Constitution...
Scrutiny Deeper Than Thought...
McConnell: 'Just The Beginning'...
RAND PAUL: OBAMA 'DRUNK ON POWER'...
Agency accused of leaking confidential tax documents during election...
Scandal politics sweep Capitol Hill...
FLASHBACK: Senior White House official briefed reporters on Koch brothers taxes...

CHICAGOLAND: Store Robbed at Gunpoint -- Across From Police Station!
Too late to save Detroit?

Prosecutors push to keep Trayvon Martin's past out of trial...
Pot smoking, school suspensions 'irrelevant'...

5-13-13 GOVERMENT TAPS PRESS PHONE RECORDS
20 phone lines monitored...
AP: 'Massive and unprecedented intrusion'...

NEW 'ENEMIES LIST'...
IRS Began Targeting Conservatives in March 2010...
Tea Party groups threaten to sue...
BOOK: IRS retaliates against outspoken business leaders...
Santelli Warns: Keep IRS Out of Obamacare!
Probe Expands To Groups Opposed To Gov't, Teaching Constitution...
Scrutiny Deeper Than Thought...
McConnell: 'Just The Beginning'...
'Kept shifting targets in tax-exempt groups'...
Agency accused of leaking confidential tax documents during election...
FLASHBACK: Romney donor vilified by Obama campaign, then subjected to 2 audits...
Did Plouffe Justify IRS Targeting Conservative Groups?

DID PRESS MAKE HIM CRY?
WILL: Carney's 'Usefulness to This Administration Diminishing Rapidly'...
NEWYORKER: 'Now there is something to it'...
KLEIN: Obama 'on the same page as Richard Nixon'...
Inhofe mulls 'I-word'...
ISSA SEEKS DEPOSITIONS...
Bachmann: Obama released IRS bombshell because of Benghazi...
FOURNIER: A PERFECT STORM...
Brokaw: 'Welcome to the Second Term, Mr. President'...
COULTER FLASHBACK: OBAMA'S SIGNATURE MOVE: UNSEALING PRIVATE RECORDS...
Watch out for Petraeus... ‘…Call it “Oval Office Couch Syndrome.”By their second term “inside the bubble,” presidents have completely lost touch with reality: Aides and confidants conspire to keep the chief executive insulated from the real world — the bad news, the worse press coverage. They think it’s their job, and lounging on the Oval Office couches, they nod along with the president’s every musing. But this presidency has taken OOCS to new heights. Mr. Obama has only a few trusted aides, and occasional leaks from the West Wing show a paranoid president suspicious of nearly everyone around him. Supremely confident, convinced by the fawning minions at his feet that he is untouchable, the president dismisses all controversy as partisan attacks by an overzealous opposition. A pliant press corps of stenographers follows in lockstep…Speaking for the White House, the flack said the CIA was fully to blame for the talking points. Fully. “That is what was generated by the intelligence community, by the CIA,” he said. For the record, this is what the CIA “generated”…’
More 'Whistleblowers Coming'...
Too late to save Detroit?
'Dysfunctional, wasteful'...
27% of Detroit Homes Vacant...

THE CAMPAIGN THAT NEVER ENDS...
President Parties with Justin Timberlake, Jessica Biel at Harvey Weinstein's Home...

5-10-13 Rep. threatens to subpoena Hillary...
FOURNIER: WH throwing 'under the bus?'
Media in full spin...
REPORTER: Democrats Actively Working to Undermine Testimony...
ABCNEWS: Benghazi Talking Points Underwent 12 Revisions, Scrubbed of Terror Reference...
Petraeus Expressed Frustration At Altered Account...
ATTORNEY: Whistleblower demoted, threatened...

IRS ADMITS TARGETING CONSERVATIVE GROUPS; APOLOGIZES
White House blames -- BUSH!
FLASHBACK: Obama jokes about auditing enemies...
McConnell demands investigation...
House vows probe...
IRS SPOKESMAN: 'I'm not good at math'...

Greece's youth unemployment hits 60%...

PITBULLS KILLS JOGGER IN L.A....
Pack still on the loose... ‘…Woman, 63, was running in rural Los Angeles when dogs attacked and mauled her to death, witness and police say…Residents near the site of the attack said dogs were constantly roaming the area and had attacked people before. "It's really scary," Diane Huffman told KABC-TV. "I don't know what to think. I really think I'm going to be getting a gun to protect myself."…’

5-09-13 AFGHANISTAN WHISTLEBLOWER: WHITE HOUSE TRYING TO SILENCE ME...

Boehner, McConnell refuse to appoint members to 'death panel' to Obamacare...
HHS budgets $150m to teach people how to enroll...

PAPER: 100 OF UK'S RICHEST CONCEALING BILLIONS IN OFFSHORE TAX HAVENS...

COPS: Man Killed Instantly After Shooting Down Live Power Line To Steal Copper...
TESTIMONY: Jackson thought God was speaking to him... { Riiiiight … he and dumbya bush, the self-proclaimed “Christian” who launched war crimes, murder and mayhem for diversion from incompetence, fraud, and military industrial complex profits as warned against by the great but underrated President General Eisenhower. }

5-08-13 'WHAT DIFFERENCE DOES IT MAKE?'
White House struggles to respond to new Benghazi revelations...
Shock testimony from witnesses...
Moment-by-moment account of attack...
Emotional recollection of murders...
CONGRESSMAN: 'Death is part of life'...
Fourth whistleblower blocked from testifying...
Diplomat Says Questions Led to Demotion...
Dick Morris: Beginning of end...
REPORT: CBSNEWS BOSSES IRKED BY CORRESPONDENT'S REPORTING; 'DANGEROUSLY CLOSE TO ADVOCACY'...
Hillary in spotlight...
MOTHER: 'I BLAME HER'...

THE DARK SECRETS OF 2207 SEYMOUR AVENUE...
5 BABIES BORN IN BROTHERS GRIM DUNGEON...
10 YEAR SEX HELL...
EXCLUSIVE PICTURES INSIDE CLEVELAND KIDNAP HOUSE...
Chains, Ropes, Locks...
SMOKING GUN: 'Hero' Was Repeat Domestic Abuser...
Horror as bear on bike eats monkey at end of sick circus cycle race...

NYTIMES: OBAMA 'ON VERGE' OF BACKING FBI PLAN TO TAP WEB USERS... { Though I’ve consistently backed resistance to same, I’m also aware that such has been going on for quite some time, regardless (anything on your screen is readable); and, that particularly includes my own web use, none of which is surreptitious nor hidden (ie., proxie servers, etc.) by me. }

5-07-13 Record 10,962,532 now on disability...

Americans 'trust TV judges more than Supreme Court Justices'...

Mother Of Slain Benghazi Victim Rips Hillary Clinton: 'I Blame Her'...
SENATOR: 'The dam is about to break'...
Could bring down administration...

Obamas host secret, star-studded bash at White House...
STUDY: Gun crime has plunged, but Americans think it's up...

THE DARK SECRETS OF 2207 SEYMOUR AVENUE...
5 BABIES BORN IN BROTHERS GRIM DUNGEON...
10 YEAR SEX HELL...
EXCLUSIVE PICTURES INSIDE CLEVELAND KIDNAP HOUSE...

*SANFORD [R] 54%
COLBERT [D] 45%

5-06-13 GORE $200 MILLION CASH IN BANK!
Gets Paid Over $1 Million a Day to Sit on APPLE's Board, $125,000 per hour...

Cuomo Uses Disaster Funds -- to Launch Ad Campaign
Christie's Reelection Campaign Receives 'Unprecedented' Financial Support...

O LOSES ON THE LINKS

5-03-13 Percentage of Self-Employed Americans at Record Low...
9.5 Million People Have Left Workforce Under Obama...

APRIL: 7.5%...
JOBS +165,000...{ Come on! Even if you believe the numbers (I don’t); most are low paying, part-time jobs, many of which were/are created to avoid the obamacare penalty with the real negative impacts a comin’. }
Revising up, up, up...
SC House Approves Bill Criminalizing Enforcement of Healthcare Law...
Gov't Unemployment at Healthy 3.3%...
BUT Numbers Mask Stubborn Problem...

WALL STREET IN WONDERLAND!
Beef prices set new high...

BLAMES MEXICAN VIOLENCE ON U.S. GUNS { Riiiiight … used in the meat, fruit, and vegetable wars, and not the benign, peace inducing, soporific illegal drug trade. Obama Blames U.S. For Crime And Gun Violence In Mexico; No Mention Of Fast And Furious Breitbart | President Barack Obama told the Mexican people today that the United States is partly to blame for Mexico’s drug violence because of illegal drugs and gun smuggling. }

RASMUSSEN: OBAMA LOWEST SINCE AUGUST...
Approve: 45%... Disapprove: 53%...
Krauthammer: (obama)The fall...

NRA Predicts Largest Convention Crowd In Its History...
'Our freedom is under attack'...

EMPIRE: Another NY lawmaker indicted, prosecutors suggest more to come...
Informants Come Forward... RAT TRAP... [“Lately there has been enough corruption charges filed against political officials to form a circus parade, including the plights of state Sen. Malcolm Smith and New York City Councilman Dan Halloran.”]

CHICAGOLAND: Prostitute Pepper-Sprays Boy, 14, Steals His Piggy Bank...

HS track team disqualified after runner gestures thanks to God...

MORNING-AFTER: IT'S OK AT 15...

5-02-13 SHOWDOWN: U.S. Demands Release of American in NKorea...

Student expelled, faces felony charges for leaving unloaded shotgun in car at school after skeet shooting...

ANTI-OBAMA PROTESTS HIT LATIN AMERICA...

Christie to headline Clinton event...

Feds accuse 6-year-old of plagiarism, strip her of 'duck stamp' crown...

Fed Gov't Mulls Banning: Anti-Bacterial Soap?

Drudgereport: 5-01-13 Foreigners now hold more than $13 trillion in American securities...
Payments in Chinese Yuan Grew by 171% From Year Ago...
Hits Record High vs. Dollar...

PUMP! PUMP! PUMP! { Goes the fed … So DUMP! DUMP! DUMP! }

POLL: Wealthy, not middle class, support Obama...

PENTAGON: Sharing Christian Faith Could Lead to Court Martial...

4-30-13 SICK: 42% UNAWARE OBAMACARE IS LAW

IT'S STARTING: Obamacare Tax Hike Train Wreck...
Support Nosedives...

Case Worker: Illegal Aliens Got Food Stamps by the 'Vanload'...

Home ownership rate at near 18-year low...
'Moribund presidency'...
'Maybe I Should Just Pack Up and Go Home. Golly'...
Channels Clinton's Worst Day in Office...
REPORT: Media ignores Beach Week violence, racial tensions... { Typical niggers! ‘…Reporters with all the local media had trouble describing what happened over the weekend when 40,000 black people descended on Virginia Beach for a party. Their audiences, however, did not. Daniel Johnson was one of dozens of people who had no trouble talking about the lawbreakers and the widespread chaos, danger, thefts, violence and lawlessness they brought to Virginia Beach as part of College Beach Week 2013; a time when black students could “blow off some steam” before final exams. “Because it was a group of young black college people everyone is scared to say anything for fear of being called a racist,” he said in a post to a Virginian-Pilot news story. “It is what it is – these people come to the Beach and do everything in there [sic] power to intimidate the local and visiting White people at the Beach – rude – disrespectful – dirty and violent – They come here and treat our beach like a toilet On Saturday afternoon I went to the Harris Teeter and a LARGE group of young black visitors were in the parking lot drinking and playing loud music – intimidating locals – I called the police and even though 2 cop cars drove by nothing was done!” Police reported 900 emergency calls to 9-1-1 Saturday night involving at least three shootings, three stabbings and three robberies. That they know of. All during a four-hour period. People in Virginia Beach are furious and are taking to Facebook and the local news sites to have their say…’
Gun owner stops home invaders dead Black mob attack on elderly white halted Strategy: Reduce violence by taking away Facebook Media label black-mob violence 'mischievous teens' Violent threats follow Detroit takeover Black mob beats man 'for no reason' 7 injured at party for 13-year-old rapper 'COPS' slammed for truth in portraying blacks as criminals }

CHICAGOLAND: Another murder near Obama's home...
Detroit Takes Top 3 Spots For Most Dangerous Neighborhoods...

Philly Cop Stabbed, Robbed Of iPod During Violent Attack...

4-29-13 GAO Now Investigating 'Homeland' Ammo Purchases...

After Criticism, New 3-Page Obamacare Form...

PEW: 1/3 Mexican Adults Would Migrate to USA...
Gov't to Fine Companies for Not Complying With Wiretap Orders...

Rand Paul Warns of '1984' Surveillance Scenario...

Former London mayor blames USA...

WAR DRUMS: SYRIA...
Missiles fired at Russian passenger jet...
Syrian PM survives Damascus bombing, 6 die...

4-26-13 Economy Grew 2.5% in First Quarter...
Debt-to-GDP: 105%...

SHOCK VIDEO: 10-Year-Old Pulls Gun On Woman On Philly Street... { Yup … niggers startin’ early … but, he didn’t pass a background check … riiiiight! … little booty in addition to the family’s welfare, food stamps, obamaphones, and more than likely, jailhouse room and board for the folks, etc.. And, more nigger-city-philly fun when they’re not plundering, maiming, robbing, killing humans, to pass their time between and during rap sets … Kitten Set On Fire }
Girl, 13, Arrested For Trying To Rob Woman In Central Park... { Yeah … good guess … they’re young female niggers along with an 11 year old nigger boy! }

Chicago: A Shooting Every 6 Hours... { Eh … what the heck … they’re just spirited spooks, fun-lovin’ niggers out for some goodtimes in a heartland city of america … }
Heroin Epidemic Spreading Throughout Suburbs...

4-25-13 'HOMELAND' USING 1,000 MORE ROUNDS PER PERSON -- THAN ARMY?
Denies Ammunition Purchases Aimed at Civilians...
NOONAN: Obama fatigue becomes apparent...
W Gets Emotional, Cries...
ROBINSON: Bush record looks worse and worse... { I’ve seldom agreed with anything ‘one note robinson’ has had to say; but, I absolutely agree with this, except that it should read, ‘bush/obama record looks worse and worse’ to be credible. “Looking Forward, Not Backward” Is Not Only Stupid … It’s Also Illegal Washington’s Blog | Obama’s Failure to Prosecute Wall Street Fraud Or Torture Harms Our Country … And Violates the Law. }

Record 1 out of 5 Households on Food Stamps...

Individual policies to cost 25-50% more next year...
McConnell: Entire Country Should Be Exempt From Obamacare...

SUCK UPS: NY TIMES REPORTER VOWS TO SAVAGE DC INSIDERS WITH BOOK...

UPDATE: Falsely Identified 'Boston Bomber' Found Dead In River...

4-24-13 AP: Obama has stuck with many Bush policies, from counterterrorism to immigration to Gitmo... { Indeed, that is absolutely true; and, that is so despite wobama’s b***s***/campaign promises to the contrary; and, they are both unequivocally failed presidents and a major reason for america’s unequivocal decline! Dumb and dumber! Do not try to re-write theirs among others’ histories of failure with ‘feel good’ propaganda/falsity! }

REPORT: $3 MILLION RETIREMENT CAP IN OBAMA'S BUDGET WOULD NOT APPLY TO HIM... { That’s also part of the problem with these dumb and dumber precursors of decline and fall of the nation … their incompetence, venality, and failure doesn’t hurt them a bit! }
Lawmakers, aides may get Obamacare exemption...

Obama Administration Paying People To 'Recruit' Folks Onto Food Stamps...
Fraud More Than Doubles In 3 Years...

REPORT: IRS issued billions in improper tax refunds... { How ‘bout this one: … Federal government reviewing prison phone charges AP … Why not just give them tax-payer funded obamaphones … riiiiight! … sounds like a plan the black caucus behind the requested review would say … }

4-23-13 House GOP concludes Hillary Clinton blew Benghazi response...
Report...

REPORT: AP TWITTER ACCOUNT HACKED...
Says president injured in White House explosion...
Markets Reel, Recover...

Black Detroit Bar Owner Threatens To Use Deadly Force Against White Teen Graffiti Artists... { America The Fallen: 24 Signs That Our Once Proud Cities Are Turning Into Poverty-Stricken Hellholes http://theeconomiccollapseblog.com http://albertpeia.com/americanhellholes.htm }

REPORT: Judge drops three murder charges against Philly abortionist...
Obama to headline fundraiser for largest US abortion provider...

4-22-13 OBAMACARE: More seniors getting scammed...

Hospital bedbug infestations double...

STATS: Americans 'snapping' by the millions... { That’s difficult to imagine/fathom inasmuch as from my direct experience, americans are already predominantly and inherently criminals and mentally ill … in other words, already snapped! }
Record fear, stress, suicide... { America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc. http://theeconomiccollapseblog.com http://albertpeia.com/usno1.htm }
Kids so addicted to iPads they need therapy...

Red Sox slugger: 'This is our f***ing city!'
FCC Blesses F-Bomb: He 'Spoke From the Heart'... { More excuses … if that was from the heart ( of a nigger ) that would have been an mf-bomb as in mother****ing city! }

Bomb Threats, USA...
Alabama: 3 Hospitals...
Connecticut: Courthouse...
Pennsylvania: Shopping Village...
Iowa: Neighborhood...
Florida: Office Building...
Buchanan: Did brothers Tsarnaev fail?

Goldberg: Welcome To 'The Era Of The Suspicious Package'...

Bomb Squad Called In Over Backpack During Central Park Race...
CHICAGOLAND: City police have arrested woman 396 times! { ‘…Rolon recognized Shermain Miles because he’s seen her more times than he can count — drunk, half-naked, cursing and, on one occasion, lunging at another woman with a dinner fork. Since 1978, Chicago Police alone have arrested Miles 396 times, mostly on the North Side — under at least 83 different aliases. Those arrests include 92 for theft, 65 for disorderly conduct, 59 for prostitution-related crimes and five for robbery or attempted robbery. The frustrating truth: The system — strapped by overcrowded prisons and cuts to mental health funding — hasn’t been able to save Miles from herself or to help the communities she menaces. Nothing has worked. Not jail. Not prison. Not countless psychological exams for the woman described as being “acutely psychotic.”’ }
Farrakhan son is part-time cop, but hasn't worked shift in 4 years...
UN-DONE: Starving NKorea begs for food from Mongolia...

4-19-13 Fitch Downgrades United Kingdom's AAA Rating...

PAPER: Obama lulled America into false confidence over terror threat... { Don’t forget wobama’s tacit endorsement by silence over threats of domestic terrorist violence, riots, mayhem by his domestic terrorist supporters if he should lose the election! Mainstream media surely was complicit in this wall of silence surrounding these pervasive and unprecedented (in this nation) election threats of violence and intimidation! }

BROTHER BOMBERS: 1 DEAD; 1 CAPTURED...

Bragged of Bombing...

BOSTON A GHOST TOWN...

SHOOTOUT VIDEO...
Photos/timeline...

Bomb suspect ALIVE AND IN CUSTODY...
Sustained significant blood loss...
DISCOVERED: House owner went to check on his boat...

Bomb suspect pinned down in Watertown...
'Body' found in boat...
SHOTS FIRED...
15-20 Seconds Of Gunfire...

4-18-13 TEXAS INFERNO; DOZENS FEARED DEAD

Boston Bombings Bring Americans Closer to Living on Edge...
Videos Said to Show 2 Suspects...

Texas Rocked By Fertilizer Plant Explosion...
PAPER: '50-50' chance cause could be criminal...
Blast Rocks Five-block Radius...
'It was like the whole earth shook'...
VIDEO...
POLICE: UNCLEAR HOW MANY TRAPPED...
Looters Raiding Homes...

SHOCK: Elderly Food Cart Vendor Stabbed To Death On Philly Street...

Thieves Stealing Aluminum Cans From Residents' Recycling Bins...
Sinkhole swallows 3 cars in Chicago...

PAPER: 'Truly lame-duck president'...

OBAMACARE: Individual plans to cost 80% more starting 2014...

BIG SIS: DRUDGE REPORT is not credible... { Riiiiight … anything she doesn’t say ‘cause if she, ‘the devil in the infamous blue dress’, says it, it MUST NOT BE TRUE! }

4-17-13 CHAOS IN BOSTON
Looters hit marathon route after bomb blasts...

Federal courthouse, hospital evacuated...
Bomb threat...
'Code Red'...
REPORT: SUSPECT IDENTIFIED...
Two suspects singled out in video footage...
'One In Particular Most Interested In'...
Suspect caught on LORD & TAYLOR security cam...
'Man In Black Jacket On Cell Phone, Wearing Gray Hoodie, White Backwards Cap'...
CNN backs off arrest report...
FBI scolds network...

DC JITTERS...
SECRET SERVICE: RICIN-LACED LETTER SENT TO OBAMA... DEVELOPING...
Postmarked Memphis...
'Suspicious Package' in Senate Office Building...
Evacuation...
Sent to Sen. Roger Wicker; No reason given...
Senator: Police have suspect...
All Mail Delivery to Capitol Stopped as Precaution; Offices on High Alert...

Immigration bill contains free cell phones...

Background checks fail...
Wary Democrats won't commit...
AP: Headed for defeat...
SENATE KILLS GUN DEAL...
Bloomberg RAGES...
Feinstein Fumes...
Biden Wipes Away Tears...
Cuomo Complains...
Obama: 'Just Round One'...
McConnell bugger visited White House...
Reid Mocks: 'Imagined Tyranny'...
Reid to pivot from guns to Internet sales tax...
REPORT: FBI investigated Reid in 2008; Papers made public now secreted, sealed...
GALLUP: Only 4% of Americans Think Gun Control Important Problem...

REPORT: Wife of ex-judge confesses to Texas DA murders... { Well, now we know this was not a ‘vast right-wing conspiracy’ hatched by ‘gun totin’ white supremacists’ as ranted by the left and blacks! So much for their ‘armed white militia’ theories (which fit in so seamlessly with their anti-2nd amendment/anti-gun rants)! }

Congressman: Immigration Bill 'Worse Than We Thought'...
Legalizes Relatives and Previously Deported...
844 Page Bill Would Take 3 Days to Read NONSTOP Before Friday Morning Hearing...

4-16-13 EXPLOSIVES MADE OF PRESSURE COOKERS...
REPORT: Bombs Made to Look Like 'Discarded Property'...
2nd Victim ID'd: Spectator Went To Finish Line To Take Photo...
BIG SIS: No 'broader plot'...
$50,000 Reward Posted...
Roommate speaks out about Saudi national being questioned by FBI...
HUNT FOR BOSTON BOMBERS...
Explosives packed with ball bearings; 3 dead, 170+ wounded; 17 in critical...
'25, 30 people have at least one leg missing'...
Martin Richard, 8, among dead...
Witnesses recount war zone at marathon... ***WARNING: GRAPHIC CONTENT***

Envelope tests positive for ricin at Washington mail facility...
Sent to Sen. Roger Wicker...
No reason given...
All Mail Delivery to Capitol Stopped as Precaution...

4-15-13 DOUBLE BLAST AT BOSTON MARATHON

Two explosions near finish line... DEVELOPING...
REPORT: Suspect apprehended...
COPS: 2 dead, 23 injured...
'People Missing Limbs'...
BLAST VIDEO...
AFTERMATH FOOTAGE... **WARNING: Graphic**
Other unexploded devices possibly found...
REPORT: Fire at JFK library...
LIVE STREAM...

DOW skids 265...

GOLD PLUNGE...
Investors Bail Amid Collapse...
'PANIC EVERYWHERE'...
Worst two-day loss since 1983...
LIVE...

FOREIGN HOLDINGS OF US DEBT TO $5.7 TRILLION...

4-12-13 Sebelius Scapegoats GOP For Coming Obamacare Mess...

Obama Proposes More Taxes -- But Tax Code Is Already 13 Miles Long!

OBAMA ONLY PAYS TAX RATE OF 18%?

CT senator uses shooting 'to raise campaign cash'...

Congress quietly votes to hide financial disclosures...
Terry McAuliffe Under Fire for Inflated Jobs Claim...

WSJ: 'Business credential fast turning into crony-capitalist embarrassment'...

POLL: 65% of women favor stricter gun laws; only 44% of men do...

NUCLEAR WAR 'UNAVOIDABLE' { Who Gave North Korea Nukes In The First Place? Paul Joseph Watson | The U.S. government and the CIA. http://albertpeia.com/usgavenokoreanukes.htm }

BOW OR BREAK: KERRY ON SCENE...
CONGRESSMAN: THEY HAVE NUKES...
Kerry contradicts intel report...
Pentagon Deploys Sea Radar...
INSIDE NKOREA: SHOCK PHOTOS...
China conducts military drills...
Partytime in Pyongyang...
FIRST TARGET: JAPAN...
PSY's new single steals attention...

4-11-13 NKOREA: 'Powerful striking means' on standby...
WATCHCON 2: Missile spotted in strike position...
US intelligence reveals launch zone...

$50,074: Gov't Spending Per Household EXCEEDS Median Income...
FEDS TO COLLECT RECORD TAXES IN 2013...

Greek Unemployment Soars to Record 27.2%...

Jay-Z brags about communist cuba (a haven for murderous black panthers, ie., joanne chesimard who killed an american Highway Patrol Officer) trip in rap...
'OBAMA SAID CHILL, GONNA GET ME IMPEACHED'...
'I got White House clearance... Politicians never did @#%& for me'...

SEQUESTER SOUL (nigger party animal) SHOW LIVE FROM WHITE HOUSE

Teenager in canada commits suicide after canuck gang-rape photo goes viral...

Beaver bites man to death...

Severed goat's head dropped off at Wrigley Field...
Capone Descendants Sign on For Reality Show... { Sure… Why not? trump has that joke of an (un)reality show! }

Drudgereport: 4-10-13 SEQUESTER SOUL SHOW LIVE FROM WHITE HOUSE

Safe from Sequester: NATO Ambassador's Home Alotted $700K -- for Gardening!

Chinese colonel says bird flu is US biowarfare...

32 GUN PURCHASES EVERY MINUTE UNDER OBAMA

Underground City of Homeless People Discovered In Kansas City...

Flash Mob Of 200+ Teens Storms Philly Street During Rush Hour...

Clarence Thomas Speaks: Many black communities in decline...

US, Japan Now Global Allies in Money Printing...
OBAMACARE ARCHITECT: Law 'beyond comprehension;' After bad start, 'will only get worse'...

Another Exclusive Party at WH -- at Taxpayer Expense...
Will White House release guest list?
10th 'command performance'...

REPORT: US held secret meeting with NKorea in March... { Worked like a charm! Riiiiight! }

WHO BUGGED GOP?
'Nixonian tactics' decried...
FBI asked to investigate...

More Than Dozen States Push For Gold as Legal Tender...
Bernanke Backlash...

2014: DEMS BEGIN TO FREAK OVER OBAMACARE CHAOS...
Doctors being driven to bankruptcy...
Mitch McConnell joins Senate gun filibuster...
POLL: Obama underwater on guns, immigration, deficit...

China looking at direct yuan trade with Aussie dollar...

REVEALED: Obama doesn't control his TWITTER account...
FLASHBACK: 70% of Follwers 'Fake'...

Firearms Co Moving To TX After Perry Invite...

Business Owner Burglarized 15 Times Camps Out In Store With Gun, Catches Crook...

90 MILLION OUT OF LABOR FORCE

MARCH JOBS: Payrolls grew by 88,000 workers...
663,000 Drop Out...
ANALYSTS: Tax hikes to blame, not sequester...
DOW DROPS 100 PTS IN 60 SECONDS...
WH: 'US economy continuing to recover'...
Gov't Unemployment Rate Drops to 3.6%...
As economy flails, debtors' prisons thrive...

Obama budget to target retirement accounts...
RAISE TAXES AGAIN!

REPORT: City recruits minority lifeguards -- even if they can't swim! { Wow! Talk about politically correct insanity! Having myself taken the course and received the Red Cross Lifeguard/Lifesaving Certification (college days summer part-time job/shore-baywatch) I can honestly say that the written/in-water test was no joke, neither simple nor a ‘piece of cake’ for obvious rationally based reasons! }

PAPER: Fears NKorea could trigger nuclear strike next WEDNESDAY...
Loads missiles onto launchers...
ALL embassies told to evacuate staff from Pyongyang...

GLOBAL COOLING: WASHINGTON LOWERS RHETORIC...
China 'losing patience'...

Wealthy Neighborhoods Hire Private Cops as Cities Lay Off Police...
Houston Town Hires Security...
Chicago Proposal Would Allow Sponsorship of Law Enforcement...
Private Security Patrols on Rise in Oakland...
EMPIRE: BLOOMBERG FINGERS CUOMO

Record 8,853,614 Americans on Disability...

Grandmother Of 10 Holds Burglar At Gunpoint At Her Home...{ Now, what do you suppose would have happened if she was not armed? }

$423,500 Stimulus Program on 'Correct Condom Use' Yields Zero Jobs...

DTW airport pulls newspaper after headline: 'Detroit, the Most Miserable (Nigger) City in America'...

PYONGYANG PREPS MISSILES...
Japan, U.S. bases in range...
U.S. Warns of 'Regime Change'...
'Suicidal'...
Warplanes moved to Philippines...
American Troops Poised at Border...
'Chemical battalion' deployed to South...
Kim Jung-Un claims 'smaller, lighter' nukes...
China snubs requests...
SKorea president hoping for best, preparing for worst...

NKOREA APPROVES 'MERCILESS' NUKE ATTACK ON USA

MISSILE DEFENSE TO GUAM...
Russia worried by 'explosive' situation...
China military buildup on border continues...
U.S. Troops Stand 'Poised to Respond' at Border...
'Could make preemptive strike'...
Kim Jung-Un Losing Control?

Obamacare in Trouble? Exchange provision delayed until 2015...
JOE KLEIN: Early incompetence 'really bad sign'...
Cancer Clinics Turning Away Thousands of Medicare Patients...

POLL: One in four Americans think Obama may be the antichrist...

POVERTY SPIKES TO 1960S LEVELS...
Nearly 50 Million Americans Below the Line...
Child Hunger Rates 'Alarmingly High'...
REPORT: $700 million in Katrina relief money went missing...
VIDEO: Man Beats, Robs Woman In B'klyn Subway...
REPORT: NY Dem Sen caught on FBI wiretaps bribing GOP bosses...
DUMBFELLAS...
Bloomberg Blames 'Partisan Elections'...
Thieves steal six miles of copper wire!

Britain's Debt-to-GDP Reaches 90%...

EMPIRE: New York government 'most corrupt in USA'...
Plot to Buy Spot on Mayoral Ballot...
Senator, Councilman Arrested...

REPORT: FBI busts top NY Dem in 'bribery plot' to rig mayor race, run as Republican...
Woman waiting at NYC bus stop dragged to cemetery, raped at knifepoint...

GA town passes law requiring residents to own guns... { Well, there’s a town most criminals will avoid, having lost their armed advantage! }
'Armed Citizen Project' may expand to Dallas...
UN GOES FOR GUNS
Millions Face Surprise Tax Bills Under 'Obamacare'...
{ THE END OF BARACK OBAMA? SCANDAL/ECONOMIC DISASTER BREWING! Porter Stansberry http://albertpeia.com/usobamadisaster.htm }

Obama Asks Congress For $100M To Map Brain...
Calls Himself 'Scientist-in-Chief'...
Approval under water...

First major U.S. city goes under...
Stockton, CA, to enter bankruptcy...
California's net worth at negative $127.2 billion...
Chinese Yuan Hits Record High vs. Dollar...
Reagan Budget Guru Declares: We've Been Lied To, Robbed and Misled...
China-Australia to Ditch US Dollar...
Obama, Pelosi issue Easter Sunday fundraising appeals...
Wasserman Schultz: We're Broke!

CURL: Obamas living the 1% life...

DC TV station tweets Obama greeted at NCAA game with 'cheers and boos'...
OBAMA ACCUSED OF TRYING TO 'NATIONALIZE' ELECTIONS...
STUDY: New Yorkers Enjoy Less Freedom Than Residents Of Any Other State...
UPDATE: Hundreds of teens rampage in downtown Chicago...
WAR DRUMS: US MOVES GUIDED-MISSILE DESTROYER ON NKOREA
Kim Jong-un targets American soldiers in latest video...
WAR DRUMS: U.S. Moves Stealth Jets to SKorea...
NKorea vows to strengthen nukes...
[ RT: 'Challenging the dollar': Bitcoin total value tops $1 billion
Kuwaiti activists to rally for Gitmo prisoners, hunger strikers 'prepare for death'

Land grab: Israel gave less than 1% of seized West Bank to Palestinians

North Korea: The stakes behind the rhetoric ]

CHICAGOLAND: Cops Swarm 'Wilding' Scene As Hundreds Of Youths Run Amok on Magnificent Mile...
Women attacked on train...
VIDEO...

PRESIDENT'S GRAND PLAN: SPEND MORE!
SEQUESTER JESTERS: DEMS WARN OF AIRPLANE TERRORISTS, PRISON RIOTS, COCAINE FLOODING STREETS...
SPRING BREAK: Biden heads to golf resort for third vacation of year...
WH SCRUBS SKI VACATION REPORT...
Obama daughters leave behind Bahaman beaches, hit Sun Valley slopes...
SECOND SKI TRIP THIS YEAR! [ ‘In March of last year, the White House requested media outlets remove accurate reports that Malia Obama was on a trip in Mexico with over two dozen Secret Service agents.The First Family has been criticized in recent days for taking frequent vacations. Earlier this week, Breitbart News broke the story that the Obama daughters spent part of Spring Break at the Atlantis resort on Paradise Island in the Bahamas.  Michelle Obama and the First Daughters took a separate ski trip last month to Aspen, Colorado.  While each of these trips require a significant Secret Service presence, the White House canceled public tours this month citing Secret Service staffing costs…’ ]
'Jew in the box' exhibition in Berlin museum...
Big depositors in Cyprus to lose far more than feared...
Roland Martin Criticizes 'White Male' CNN Executives...
Sports Website Mocks 'Exceedingly White' People Celebrating Win... { It is hard to see why inasmuch as chicago’s become the quintessential niggertown with murder/crime rates to match! }

NKorea Rockets 'Ready To Hit US Bases'...
HAGEL: Have To Take Threat Seriously... { Indeed you do! Threat to U.S. mainland means California … and, I’m in California which makes that a threat against me! Time to call them, call them out, up the ante … Let’s dance! After all, the multitude of nations, particularly in that region, would love nothing more than to see the creation of the 8th wonder of the world; viz., the largest crater lake and parking lot (formerly the failed communist nation of north korea) in the history of this planet. Moreover, their problem of feeding their people who are consistently on the brink of starvation owing to their insane inordinate spending on ‘guns vs. butter’ will be forever solved. Come on you porcine pieces of s*** (don’t they look like pigs right out of Orwell’s ‘Animal Farm’, particularly the leaders ill kims un, deux, twats, et als)… Let’s ‘rock-and-roll’! } [ NKorea cuts all channels with South as 'war may break out any time'... 'Photoshopped' marine landings photograph... WSJ: Running out of threats... { NKOREA PUTS FORCES ON TOP ALERT... Prepares for 'strikes against the US mainland'... { Yeah … right! In some circles such would euphemistically be called an existential, suicidal event for north korea. But, there’s something about those north Koreans from an evolutionary perspective. They’ve got to be the ugliest Asians on the planet. I’m quite serious. They truly are ugly people, particularly the leadership. One must wonder if ugliness is what it takes to lead in communist north korea; a trait passed on generationally. I mean, really. Their economy invariably a disaster, barely able to feed their people, it must be nutritional deficiency wreaking havoc with their minds and bodies. }

WAR DRUMS: Pentagon sends B-2 bombers to SKorea...
North 'burning with hatred' for USA... { Coming from the belligerent, uncivilized, failed communist state of nokeorea, such can only be deemed a positive and complimentary. }

MAG: Secret Republican Plan to Repeal 'Obamacare'... { Sounds like a good idea! ADMITS: Yes, ObamaCare is raising insurance costs... Will soar 62% in CA, 80% in OH, WI! }
Cyprus banks reopen, with strict restrictions...
PHOTO: TRUCKS CARRY CASH...
'THEY HAVE STOLEN OUR MONEY'...
FABER: Not Even Gold Will Save You From What is Coming...
World's oldest bank reports loss...

Chicago ranks LAST in prosecuted federal gun crimes...

Republican arrested for stealing '22 cents worth of peanuts'...

Thousands of armed vigilantes takeover Mexican town, arrest police, shoot at tourists...

Newark Considers Curfews, Armed Guards For All Businesses...
'White Union' Claims Black-On-White Crime Problem... { http://albertpeia.com/blackonwhitecrime.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm

http://albertpeia.com/blackonbrowncrime.htm

http://albertpeia.com/blackonyellowcrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm }

CDC: 110,197,000 VENEREAL INFECTIONS IN USA

ADMITS: Yes, ObamaCare is raising insurance costs...
Will soar 62% in CA, 80% in OH, WI!

Watch Out, World Bank. Here Comes the BRIC Bank!
China and Brazil Ditch US Dollar...
Iraqi oil: Once seen as U.S. boon, now it's mostly China's...
PAPER: New global visions are welcomed...

Cyprus Banks Opening: Guards Prepare for Battle...
€300 daily withdrawal limit...
No money allowed to leave country...
Russia to ban cash transactions over $10,000...
FABER: Not Even Gold Will Save You From What is Coming...
Bomb Blast Near World-Famous Acropolis...

WAR ON JAY LENO: Soho House summit, secret e-mails... MORE...
WAR ON LAUER: Entreaty to Anderson Cooper Suggests Shake-Up at 'TODAY'...
'COMCAST wants all the old people out'...

Immigrant Hops Border Fence as McCain, Schumer watch...
NKorea cuts all channels with South as 'war may break out any time'...
'Photoshopped' marine landings photograph...
WSJ: Running out of threats... { NKOREA PUTS FORCES ON TOP ALERT... Prepares for 'strikes against the US mainland'... { Yeah … right! In some circles such would euphemistically be called an existential, suicidal event for north korea. But, there’s something about those north Koreans from an evolutionary perspective. They’ve got to be the ugliest Asians on the planet. I’m quite serious. They truly are ugly people, particularly the leadership. One must wonder if ugliness is what it takes to lead in communist north korea; a trait passed on generationally. I mean, really. Their economy invariably a disaster, barely able to feed their people, it must be nutritional deficiency playing havock with their minds and bodies. }

A VACATION A MONTH...
FAMILY SPRING BREAK TAKES PRECEDENCE OVER WHITE HOUSE TOURS...

In Russia, teen complains of adoptive US parents...

UPDATE: University files charges against student who refused to stomp on Jesus...

PEW: Court Approval Reaches All-Time Low...

TWO GAY RIGHTS CASES HIT SUPREMES...
WIRE: CONSERVATIVES GIVE SAME-SEX MARRIAGE MOMENTUM...
FLASHBACK: QUESTIONS ABOUT JUSTICE KAGAN'S SEXUALITY...
Chief's Lesbian Cousin Will Attend Hearing...
Cases could end with a whimper...

10,000 DRONES IN SKY BY 2020
{ Mayor Bloomberg On Drones: "Oh It's Big Brother, Get Used to It!” ... - Zero Hedge }
FLASHBACK: Mayor's guards get special permission to carry guns in Bermuda...
Gov't spends more on disability than food stamps, welfare combined...
14 million collect checks every month...
Biden's $321,665 Limo Bill...
SPRING BREAK: Sasha, Malia Obama vacation at Bahamas' 'Atlantis' Resort...CYPRUS TO SEIZE CITIZENS' CASH...
40% grab on accounts above €100,000...
Russians stand to lose billions...
WARNING: OTHER countries will be raided...
Clash with Germany...
Regulation wipes out profits for UK banks...
PAIN IN SPAIN...
CA county administrator to earn $423,664 a year -- for the rest of her life!
CA town on edge after rash of 'door knock' burglaries...

Jim Carrey releases song for 'heartless motherf***ers unwilling to bend for safety of our kids'... { What do jim carrey and chris dorner have in common besides the obvious fact they’re nutcases and severely mentally ill? … They were both for gun control! }

IHOP HORROR IN NEWARK NEW JERSEY: Manager Shot Dead, 2 Hurt After Fight Breaks Out...

ISRAEL FIRES INTO SYRIA...
Locusts swarm in on Passover eve...
'Mossad spy' spilled secrets to Hezbollah...
Syria chemical weapons: Finger pointed at jihadists...
House Intel Chair: 'Red Line Has Been Crossed'...
Iraq WON'T halt Iran arms flow...
Did Obama Give Israel Go-Ahead?

TAKE HAIRCUT OR GET OUT!

Bloomberg kicks off $12 million gun-control ad campaign...
FLASHBACK: Mayor's guards get special permission to carry guns in Bermuda...

Biden forced to give up expensive weekly flights home to Delaware under sequestration...

NEW WORLD ORDER
With US-Russia relationship toxic, Moscow looks to strengthen ties with China...
China 'to overtake America by 2016'...

OBAMACARE: 6 in 10 physicians will retire earlier than planned...
Official: 'Let's just make sure it's not a third-world experience'...
Insurers Warn on Premiums...

Biden's One-Night Paris Hotel Tab: $585,000.50...
$459,388.65 Hotel Bill in London...

'Homeland' Denies Massive Ammunition Purchase...
Won't Answer Congress...
Cover-up?

USATODAY: America less popular in Middle East now than under Bush administration... { That’s because they hadn’t fully realized the extent of bush’s damage to the region; and, that also applies to america as well, with failed presidents bush/wobama the 1-2 knockout punch! }

'Most Palestinians hate Obama'...
No love in Jordan, either...

UK FACES GAS RATIONING IN RECORD COLD SNAP...

TIME RUNNING OUT...
Euro zone notes reveal extent of alarm over Cyprus...
Frantic effort to prevent run on banks...
Meltdown looms...

'HOMELAND' TO SCAN EMAILS, MONITOR WEB TRAFFIC

Big Sis Refuses To Answer Congress On Bullet Purchases...
State offers cash reward for reporting illegal gun owners...

LENO: NBC 'EXTINCT'... { No joke! nbc is a horribly, failed network! Always for sale! }
Cuomo state budget includes 'Jimmy Fallon' tax credit to lure 'TONIGHT SHOW' back to NYC...
'MUST BE FILMED BEFORE A STUDIO AUDIENCE'...
'Temporary' Tax On Wealthiest To Continue Indefinitely...

NEXT STOP: JORDAN...
Obama urges Israelis to compromise for peace...
'Most Palestinians hate Obama'...

Sarkozy Charged In Corruption Probe...

Obama battles to woo public...
Berates Journalist After Being Asked About Middle East Failures...
'Really hard problem'...
GLOBAL COOLING: Bethlehem rioters set fire to pictures of US prez...
WH map 'erases' Jerusalem...
House Leadership New Jersey Dem Probed over Trips to Scotland, LA...

Sequester Jester: Depart of Ed creates new six-figure job...

Bill would require federal workers be fired for failure to pay taxes...
SENATOR: No pay for WH budget writers until Obama delivers one...
CYPRUS VOTE THREATENS NEW EURO TURMOIL...
BANKS MAY NOT REOPEN...
Seeks Russian bailout aid, EU threatens cutoff...

French police raid IMF chief LaGarde's Paris home...

Afghan spokesman labels NATO war 'aimless and unwise'...

FEINSTEIN FOILED ON GUN GRAB

Congressman Asks Big Sis to Explain Huge Ammo Purchases...

Chicago Cop 'Overwhelmed' By City Violence Takes Own Life...

GLITCH: CHASE Customers See Bank Balance Reduced to Zero...
Carney Won't Say Whether Obama Will Cut Back on Lavish Vacations, Golf Trips...
Hacker Begins Distributing Confidential Memos Sent To Hillary Clinton On Libya, Benghazi Attack...

SHOCKING DETAILS EMERGE FROM PHILLY ABORTION TRIAL...
SNAPPED NECKS OF 'TEN FETUSES'...

Clockwork Orange: France a 'savage' nation, book claims...
Revolt against City of London's medieval elders...

Cyprus set to seize personal savings...
Plan moves ahead as vote delayed...
BANKS SHUT DOWN UNTIL THURSDAY...
Putin: 'Unfair, Dangerous'...
FT: Here come bank runs...
Germany: Not our idea...
Will Italy follow?
Europe's leaders run out of credit...

HOLLANDE APPROVAL FALLS TO 31%...

HOLDER INVESTIGATES WALL STREET (Could it be?) JOURNAL (Riiiight …. The paper as in journal, like those worthless pieces of paper at best, fraudulently floating and being commissioned at lightning computerized speed on wall street- What a total joke holder et als/doj are! )...

Obama's White House 'open to the rich and closed to the poor'...

GALLUP: OBAMA 47%...

Feds ALREADY Spend $30.5 Billion More in First 5 Months Than Previous Year...

Bozell Blasts GOP Leaders: 'You Are Not What You Promised To Be'...
Coulter blasts Rubio, 'endless Bushes' on immigration...

DEUTSCHE BANK: 'Only Jesus can save Eurozone'...

WAR DRUMS: US DEPLOYS MISSILES

NKorea fires missiles into Sea of Japan...
Slams 'reptile media'...

President Mocks House Dem -- But Ends Up Looking Like Jerk...

OBAMA SAYS IRAN 'ONE YEAR' AWAY FROM NUKE... { Wow! By previous israeli et als handwringing estimates, Iran got nukes several months ago. Yet, israel already has illegal nukes in abundance! }

FBI snooping tactic ruled unconstitutional...

BANKRUPTCY LAWYER TAKES OVER IN DETROIT...

COULTER: Trouble in the new york nanny state...

Middle East in turmoil 10 years after Iraq invasion...

U.S. General Puts Troops in Afghanistan on Security Alert...
UK admits 'unwinnable war'...
Australian soldiers caught playing golf and sunbathing in enemy areas...

FROM BUENOS AIRES WITH LOVE

First Pontiff From the Americas...

POLL: Global image of America plummets...

CHICAGOLAND: Man killed over way he wore his hat...

Dem Budget Increases Spending 62% Over Next Decade...

China's Drone Swarms Rise to Challenge U.S. Power...

EU MESS: Grillo warns Italy will be 'dropped like hot potato'...

'OBAMACARE' PRICE SHOCK FOR PETS

AP: Applying for Obamacare 'as daunting as doing taxes'...

DETROIT'S FINANCIAL CRISIS DEEPENS...

Senate Dems offer $1 trillion in new taxes...
WH plan will not balance budget...

SEN. CRUZ TO RALLY CONSERVATIVES ON CPAC EVE...
Obama Won't Balance Budget 'Just for the Sake of It'...
CONCLAVE CONVENES...
A chapel vote, then a papal vote...
Cardinals swear oath of secrecy...
The 20 contenders...
Anti-mafia cops raid diocese...

PEW: Fewer Americans Than Ever Trust Govt...

JUDGE SLAPS DOWN SODA BAN

ESCAPE FROM NEW YORK: Paulson eyes Puerto Rico tax haven move...
Billionaire looks to shield wealth...

GE STASHES $108 BILLION OVERSEAS...
White House Staffers Raking In Big Paychecks Despite Sequester...

SHOCK POLL: More Prefer Congressional Republicans Over Obama On budget...
House Dems Move Away from Obama...
Ask for details on drone policy...

FACEBOOK reveals secrets you haven't shared...

Suburbs secede from Atlanta...
'Detroit of the South?'... { The u.s. cities, including washington d.c., are just a bunch of nigger-towns (with all that that negatively entails)! }

So-Cal quake could be foreshock for something larger...
Los Angeles Shakes...
LIVE MAP...
Officials Urge Residents To Prep For '2 Weeks On Your Own'...

Germany's anti-euro party is nasty shock for Merkel...
Greece may still have to quit euro...

WAR: KARZAI ACCUSES USA, TALIBAN OF COLLABORATING

AIR FORCE ERASES DRONE STRIKE DATA
CIA Brennan takes oath on draft Constitution -- without Bill of Rights...

PAPER: Declining US power...

UPSIDE DOWN: Colorado lowers tuitions for illegals...
Army suspends tuition assistance for troops...

Number of Tax-Delinquent Government Workers Up 11.5%...

FEB JOBS NUMBERS... { And the reality is far worse than this, with make-work/makeshift jobs, with unaffordable additional debt and money the nation doesn’t really have, even if you believe these numbers … I don’t … not even for a second! }
+236,000... { Look at the backward revisions down substantially … in their minds, ‘no harm, no foul’, which of course is ridiculous and total fraud and b***s*** … their strategy being that no one really looks or focuses on the revised previous period’s numbers which of course is part of the reason the nation’s predicament is intractably dire! }
7.7%...
WHITES: 6.8%...
HISPANICS: 9.6%...
BLACKS: 13.8%...
TEENS: 25.1%...
Santelli: 'Are We THAT Far Down the Hole?'

{ What a Total, Unequivocal Disaster and Embarrassment Chicago (among other american cities) Is! }

CHICAGOLAND: Morgue to post photos of unclaimed bodies online...

'GODFATHER' wants sex offender-type registry for 'gun offenders'...

Rand Paul fires back: McCain, Graham think 'whole world is battlefield'...

Boehner-Obama Deals Add $21,817 in New Debt Per Household...
REPORT: Obama's vineyard vacation plans underway...

SHOCK: 80% Of Recent NYC High School Graduates 'Cannot Read'...

PHOTO: Bloomberg-Backed Anti-Gun Lobbyist Enjoys 'Assault Weapons'...

KY senator filbustering CIA nomination...
'I will speak until I can no longer speak'...
Won't let Obama 'shred Constitution'...
Cruz Joins 'Modern Mr. Smith Goes to Washington'...
177th anniversary of fall of Alamo...
LIVE... HOLDER: Obama 'has authority to kill citizens in USA'...

Sen. Cruz slams Holder's defense of drone strikes against Americans...

Biden dumb as ashtray...
Gingrich a prick...
Obama is lazy... { I don’t know about the rest of the book; but I agree and posit as true the foregoing three Roger Ailes observations! }

STOCKS ON A HIGH...
PAPER: Dow Jones speeding on Fed steroids...
CRAMER: 'We all know it's going to end badly'...
Gov't Borrows $254 Billion in Feb...
NYC Leads Jump in Homeless...

REPORT: Trayvon Martin's girlfriend lied...
{ ZeroHedge: CRAMER: 'We all know it's going to end badly'... The Last Time The Dow Was Here...Submitted by Tyler Durden on 03/05/2013 -"Mission Accomplished" - With CNBC now lost for countdown-able targets (though 20,000 is so close), we leave it to none other than Jim Cramer, quoting Stanley Druckenmiller, to sum up where we stand (oh and the following list of remarkable then-and-now macro, micro, and market variables), namely that "we all know it's going to end badly, but in the meantime we can make some money" - ZH translation: "just make sure to sell ahead of everyone else", just like everyone sold ahead of everyone else on October 11th 2007, the last time stocks were here...GDP Growth: Then +2.5%; Now +1.6% Regular Gas Price: Then $2.75; Now $3.73 Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million Americans On Food Stamps: Then 26.9 million; Now 47.69 million Size of Fed's Balance Sheet: Then $0.89 trillion; Now $3.01 trillion US Debt as a Percentage of GDP: Then ~38%; Now 74.2% US Deficit (LTM): Then $97 billion; Now $975.6 billion Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion }

GALLUP: O 46%...
CBO: Federal Revenue to Set Record in 2013...
Bloomberg booed in storm-ravaged Rockaways...
Coast to coast, states brace for budget shock...
DC economy to take 'the worst'...
NOW LOCUSTS IN HOLY LAND...
W.H.: 'No set price' for meeting with Obama...
SPAIN'S JOBLESS HITS RECORD 5 MILLION...

'I AM NOT A DICTATOR' [ That’s what they all say … next thing he’ll be saying for Bob Woodward’s consumption is ‘I’m not a crook’ … Riiiiight, O! You just act like one! The reality is that at some point the coverup for this failed president by adopting failed policies to obscure/hide his failed presidency must end. The reality is that this guy just can’t ‘cut the mustard’. The reality is that this guy, O, is total bull s**t and an unmitigated failure by any criteria by which you can measure a presidency (including his own as set forth in his last campaign…you know, that deficit thing that he was going to cut by half by the end of his first term but instead increased more than all the presidents combined! Then there were all those prosecutions to come of the huge wall street frauds, still extant by way of legislated FASB Rule change and now marked to anything, that never happened in fact.) (REPORT: Obama's golf weekend with Tiger cost as much as 341 furloughed federal workers... ) Krauthammer: Obama Only Left Out "Pestilence, Earthquake, Brimstone And Plague" In Sequester Warning CHARLES KRAUTHAMMER: Well, they know that they really overshot it. It was the … { Yeah … I mean, how quickly wobama changes tune and message … the message being ultimately, true to form and his history … obama’s full of s**t! Then again, we can all blame it on that fickle teleprompter! }

INCOMES DROP MOST IN 20 YEARS...
Money left over after taxes biggest plunge since 1959...
Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'...
President's plan: $1 trillion in new taxes...

Chicagoland: New tax puts cigarettes at $11 a pack...

EUROZONE JOBLESS HITS ANOTHER RECORD...
Italy hits 21-year high...
26.2% in Spain...
Britain slides toward new recession...

DNC defaults on DUKE ENERGY 'loan' for convention costs...
FLASHBACK: 'First convention in history that does not accept any funds from corporations'...

Reporter: 'People Waiting For Woodward To Die'... { Really? Don’t hold your breath! They’re going to have to wait a long time … if they even survive him, that is! }

Florida man (jeff bush) missing after bedroom swallowed by sinkhole...
...opened up beneath home
100-FEET WIDE...

WASHINGTON MOCKS WOODWARD... { How totally pathetic nigger-town washington’s become! }
Press turns on one of their own... { Oooooh! … Greater ‘access’ for the compliant assured thereby is the message! }
Andrew Sullivan: He's 'a liar'... { Riiiiight! Wobama the B for Bull S***’s the truthteller … }
Plouffe: He's getting old... { Come on! Scientists have just proclaimed 72 the new 30 … truth be told, even self-servingly I don’t buy that! But really, the truth is that the formidable Bob Woodward is getting wiser! }
{ WHite House Threatens Another Journalist WMAL.com February 28, 2013 Bob Woodward isn’t the only person who’s received threats for airing the Obama administration’s dirty laundry. It seems anyone is a potential target of the White House these days – even former senior members of the Clinton administration. A day after Woodward’s claim that a senior White House official had told him he would “regret” writing a column criticizing President Obama’s stance on the sequester, Lanny Davis, a longtime close advisor to President Bill Clinton, told WMAL’s Mornings on the Mall Thursday he had received similar threats for newspaper columns he had written about Obama in the Washington Times.Davis told WMAL that his editor, John Solomon, “received a phone call from a senior Obama White House official who didn’t like some of my columns, even though I’m a supporter of Obama. I couldn’t imagine why this call was made.” Davis says the Obama aide told Solomon, “that if he continued to run my columns, he would lose, or his reporters would lose their White House credentials.” }
POLL: Only 6% Rate Media as Very Trustworthy...
Internet edges TV networks as public's source for news... { As it should be! }

GOOGLE/NSA hoarding $48 billion in cash...
Donated to Honor FTC Chairman While Being Investigated...

GLASS SASS: 'Using smartphone is emasculating'... { If you only knew the contents of most texts/tweets you’d have to agree! }

IRS Furloughs to Begin AFTER Tax Season...
Federal workers vent anger at politicians...
Obama gives Republicans a meeting -- for 7 minutes?
Maxine Waters predicts 'over 170 million' jobs lost... { Yeah … the porn sites will be hit hard by substantially lower traffic as the do nothings will formally join the other niggers on the public dole! }
United States of austerity...

POLL: Only 6% Rate Media as Very Trustworthy...
Internet edges TV networks as public's source for news... { As it should be! }

White House pushes high court to support gay marriage... { To support wobama’s prospective second marriage! Might they also support bestiality unions and hence wobama’s first marriage thereby? }
Big Sis Regrets Timing of Immigrant Release... { Yeah … riiiiight!

Army Private Admits Giving Files to WIKILEAKS...
Says USA 'obsessed with killing'...
Tried to pass info to NYT, WASHPOST, POLITICO...

WHITE HOUSE THREATENS WOODWARD:
'YOU WILL REGRET DOING THIS' {The nigger approach … to elections, governing, etc., etc. }

Watergate reporter blasts Obama 'madness'... By Susan Heavey WASHINGTON | Feb 27, 2013 (Reuters) – ‘Journalist Bob Woodward on Wednesday criticized

Barack Obama's handling of the automatic U.S. budget cuts set to take effect this week, calling the president's decision to hold back on military deployments "madness."His comments continued what has become a running dispute between Woodward, perhaps the country's best-known print journalist, and the Democratic White House over who is responsible for the across-the-board cuts scheduled to begin on Friday. Last week, Woodward published an opinion piece in the Washington Post - where he is an associate editor - saying the administration was "wrong" to blame the cuts on Republicans…’
WHITE HOUSE WARNS WOODWARD: 'YOU'RE GOING TO REGRET DOING THIS' { That’s a threat! }
'It makes me very uncomfortable'... { WOODWARD: It was said very clearly, you will regret doing this. }
POLITICO: Exclusive Details... ‘Bob Woodward called a senior White House official last week to tell him that in a piece in that weekend’s Washington Post, he was going to question President Barack Obama’s account of how sequestration came about - and got a major-league brushback. The Obama aide “yelled at me for about a half hour,” Woodward told us in an hour-long interview yesterday around the Georgetown dining room table where so many generations of Washington’s powerful have spilled their secrets… Woodward repeated the last sentence, making clear he saw it as a veiled threat…’

ALL TAX, NO CUT: WILL HE (BOENER) CAVE AGAIN?

Dems complain about presence of debt clock on Capitol Hill... { Riiiiight! Sounds like a plan! }

Obama's Paycheck Exempt From 'Sequester'...
Taxpayers Give Big Banks $83 Billion a Year...
REPORT: White House Sells Meetings with Obama for $500k... {To be sure, an added cost to the taxpayers some way! }
Carney dodges...
MSNBC, With Ex-Obama Aides, Now Almost 'Bona Fide Organ of State Propaganda'...
Stevens: Republican revival must go beyond joining TWITTER... { Yeah…Unfornutnately, with some exceptions, if it’s something that can be said in a ‘tweet’, it’s probably not worth saying, or taking up time reading! More like, just another mind-numbing, anxiety-relieving compulsion, at best! }
Atheists 'face discrimination around globe'... { Indeed! After all, the ‘globe’ can’t be wrong ‘all the time’. Actually, I have previously stated that I can empathize with the agnostic ( F. Lee Bailey was notably in that category by prior self-proclamation, among others ); this world being such as it is, human beings such as they are. Yet, said position is still unequivocally, absolutely incorrect; but, understandable. The position of the atheist is at the least intellectually dishonest (at worst, constituting a petulant penchant for the ‘great lie’ and in some instances, an inherent capacity for great evil). But, as well, incorrect, and certainly not understandable; and all the more wrong by positing something they don’t and hence, obviously, could not know as being so. Atheists are, quite simply…pathetic! }

UK DOWNGRADED

Firearm Co's REFUSING Sales to Gov't Agencies...
WOODWARD: Obama fibs on budget cuts...
PAPER: Low-income consumers hit hardest by tax increases...
President Gets Economic Advice from Sharpton...
Firefighters facing possible discipline after appearing with Obama...

PUBLIC TURNS ON GODFATHER...

CUOMO MACHINE GOES AFTER STATE WORKER -- FOR TALKING...

ABERCROMBIE to close 50 stores...
Bernanke downplays new bubble worries...
Gas-price increase is record for S California...
TB Outbreak Hits LA ...
'Streak Of Light' Spotted Across Skies...
Bank of England closes in on China currency deal... { Mervyn King, Governor of the Bank of England, is on the brink of striking a deal with the People's Bank of China which would cement the UK's role as the leading G7 trade hub for the world's fastest growing currency. }

LIMBAUGH: FOR FIRST TIME I'M ASHAMED OF MY COUNTRY...
'The cycle, the claims, the threats, the crisis, Armageddon'... { Little late to the party for rush as per that Boston song, it’s ‘More than a Feeling’! }
SOOTHE: Obama holds off-record meeting with top White House reporters...
POLITICO FROZEN OUT AFTER 'PUPPET MASTER' COLUMN...
MAG: Detroit Tops List Of Most Miserable Cities...
POLICE: LA hotel guests bathed, drank from rooftop water tank where body decomposed for two weeks...
'Water did have funny taste'...

800,000 PENTAGON LAYOFFS...
Three-hour security lines at airport?
FOURNIER: 'Mr. President, This is Crazy'...
Fed Officials Divided On Inflationary, Failed Endless Pumping...
Desperate U.S. Postal Service tries to find its 'cool' factor...
Jesse Jackson Jr. pleads guilty to campaign finance fraud...
White Britons are minority in London for first time... { Yeah … and like america, the brits are acting like a bunch of niggers! }
Russia seeks return of adopted boy in US after brother's death...
PHOTOS: Four months after Hurricane Sandy, Jersey Shore still a wasteland... { At least, some good news … http://albertpeia.com/jerseywasteland.htm }

Sheriff Warns Of 'Second American Revolution'...
REPORT: Ohio Poll Worker May Have Voted SIX TIMES... { Finally Drudge! … I thought you’d never get to this! }
ATLANTIC CITY'S NEWEST CASINO TO FILE FOR BANKRUPTCY...
Gas prices could hit all-time record highs... { wall street’s gains, your pains! }
USDA to illegals: Don't worry, food stamps won't affect citizenship chances...
Thieves Steal $160K Worth Of Bronze From Mausoleums, Grave Sites...
REPORT: Secret U.S. military flights carried officials, equipment to NKorea...
Woman turns 102; Quits 82-year smoking habit...

SUPER SECRET SPRING BREAK: PRESS KEPT AWAY The White House press corps is expressing frustration over its lack of access this weekend to President Obama, who was on a golfing vacation in Florida.
Leading Geneticist: Human Intelligence Declining... http://albertpeia.com/humanintelligencedeclining.htm
FACEBOOK GETS MULTIBILLION-DOLLAR TAX BREAK
CHICAGOLAND: Feds issue Jesse Jackson Jr. indictment -- while Obama in town to deliver speech...
Obama Agenda Seen as Dead in Water by Republicans...
State of The Union Viewership Drops 11%...
Least Watched Since 2000...
LIMBAUGH: Obama Will Never Be Held Responsible for Anything...
Milbank: The debauched...
Pair Of Pit Bulls Go Wild, Viciously Attack 4 People In 30-Minute Rampage ...
Dog facelift ends in tragedy...
Knut skinned, fur used for new museum statue...

SEC Freezes Assets In 'Suspicious' HEINZ Trading...
Swiss Account...

Copper Thieves Darken Detroit Freeways...

EX-LAPD WANTED IN COP SHOOTINGS...
Left 20-page manifesto on FACEBOOK...
Uncensored... { http://albertpeia.com/niggersmanifesto.htm }
Supports gun control, Obama and Piers Morgan... { Yeah … and venal-la feinstein’s position on guns too … he seems the perfect fit for DHS (homeland security); you know, disarm the sane leaving them defenseless while stocking up on heavy weaponry they and other nut-cases can kill you with … loves O …You can’t make this stuff up in pervasively corrupt, meaningfully lawless, defacto bankrupt america http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
Wrote online message to Tebow...
Two innocent women shot by police in manhunt...
Statewide 'officer safety alert' issued...
POLL: Obama's approval rating collapses; 46%...
HA HA! Ohio Election Official: 'I Voted Twice for Obama'... { And, far from alone, election fraud was rampant! }
Kitty Kelley goes soft in Obama Era... { Indeed! And, like never before, there’s so much there. Afraid of the niggers? Probably! What journalistic cowardice and lack of journalistic integrity! And, not just with her! }
BLIZZARD NOW
DETAILS: NYC... BOS... RADAR...
HISTORIC, EXTREME SNOW...
Winds near hurricane force...
WATCHES/WARNINGS...
Long Gas Lines...
'Panic Shopping'...
Neurosurgeon Lectures Obama on Obamacare... ( DR. CARSON: ‘Here's my solution: When a person is born, give him a birth certificate, an electronic medical record, and a health savings account to which money can be contributed -- pretax -- from the time you're born 'til the time you die. When you die, you can pass it on to your family members, so that when you're 85 years old and you got six diseases, you're not trying to spend up everything. You're happy to pass it on and there's nobody talking about death panels. Number one. And also, for the people who were indigent who don't have any money we can make contributions to their HSA each month because we already have this huge pot of money. Instead of sending it to some bureaucracy, let's put it in their HSAs. Now they have some control over their own health care.’) { Sounds smart, good, and rational to me! }

Panetta: Obama Absent Night of Benghazi...
Hillary AWOL...
GENERAL: 'We Never Received a Request for Support'...
86-Year-Old Woman Uses Gun on Intruder...
Currency Wars Return, 1930s Style...
Fed Has Bought More U.S. Debt This Year Than Treasury Issued...
LaHood: 'America is one big pothole'... { Unfortunately, the reality is that america’s far worse than just a big pothole! }
Top London Properties Now Worth More Than All Rest of UK... { In other words, Not Worth It! }

DIE HARD: Bruce Willis Fights Gun Control...
George Zimmerman family 'threatened by niggers,' requires security, on the move...
CHICAGOLAND: Police To No Longer Respond Immediately To Burglaries, Car Thefts...
{In the latest nigger news:} Flash Mobs Turning Into Epidemic On NYC Streets; NYPD Powerless...
3 People Stabbed On NYC Subway Platform...
Basketball Coach Shoots Attackers... (WXYZ) - Police sources tell 7 Action News that a women's basketball coach from Martin Luther King, Jr. Senior High School shot two men who attacked him as he was walking two basketball players to their cars in the school parking lot.CLICK HERE FOR THE LATEST UPDATES Police sources say the coach was walking the two girls to their cars when two men allegedly approached and one pulled out a gun and grabbed him by his chain necklace. The coach then pulled out his gun and shot both of them, according to sources.The man who shot the attackers was 70 years old, according to police.One of the attackers was found dead in the median on Lafayette Boulevard, and the other was taken to a local hospital, according to police sources. We've learned that both of the men had attended the high school, and one had been recently expelled. Read more: http://www.wxyz.com/dpp/news/man-shot-near-martin-luther-king-jr-high-school-in-detroit#ixzz2K4VUwpF9
CBO: Obamacare will cost 7 million workers healthcare coverage...
Gas prices hit all-time record high for early Feb...
8,830,026: Americans on Disability Hits New Record...
Sheriff Joe's credit-card info stolen, used at Chicago grocery store...

Justice Department to sue Standard & Poor's...
FLASHBACK: S&P downgrades U.S. credit rating...
Rev Jackson calls for Homeland to patrol Chicago...
'Worse than Capone gangland days'...
CHICAGOLAND: Cops Shut Down Prostitution 'House Of Horrors'...
COPS: Teen throws boy, 9, off roof... http://albertpeia.com/negroesatplay.htm
REPORT: Fourth flight to Dominican by Dem Sen raises new questions...
Home state newspaper casts doubt on Menendez...
PROSTITUTE: 'THEY THREATENED THOSE GIRLS'...
OBAMA: 'NO DOUBT' WE NEED MORE NEW TAXES...
Gasoline costs take biggest share of household income in three decades...
STOCKS TAKE WORST ONE-DAY DROP THIS YEAR...
UPDATE: POWER GOES OUT AT DOME DURING GAME... {AP1-23-13: No! I didn’t watch the monkey bowl nigger show at half-time, and only parts of this year’s monkey bowl. Wow! San franny, on their fanny, should give former san fran mayor, venalla feinstein a call to send in the big guns before she bans them. Whoops…need to break the momentum of rival of niggertown favorite, san fran so power outage in niggertown new orleans…definitely hurricane katrina’s fault…riiiiight …better give nigger ray nagin a call to get things back up and runnin’…whoops, no can do – nigger ray’s just been indicted ( http://www.nola.com/crime/index.ssf/2013/01/a_breakdown_of_the_payments_to.html ) …Besides, this is a great way to level the playing field for the hometown nigger purse-snatchers…you know, lights out and all. Actually, I truly am rooting for the ravens, but not much…reason? To thwart this year’s egregious wall street fraudulent, manipulated ‘january effect’ superstition; viz., an AFL team nigger bowl win means according to mental case wall street superstition, bear market/bad stock market (actually, ‘sell now before may and go away’ is the apposite axiom regardless who wins). This is the last monkey bowl I’ll be watching even part of. If you’re rooting for san Francisco, be sure to where some flowers in your hair. This was the sh**iest monkey bowl I’ve ever seen even a part of! }

UNEMPLOYMENT RATE BACK UP TO 7.9%...
ASSOCIATED PRESS: 'mostly encouraging'...
8,500,000 Americans Left Labor Force In Obama's First Term...
POOF: Another 170,000 disappeared in January...
Retail Workweek Hits 3-Year Low...
Massive revisions to earlier numbers...
Gas prices to top $4 again...
IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family...
Obama Admin Delays Keystone Pipeline Decision Another 6 Months…
SUICIDE BOMBING AT U.S. EMBASSY...
Eighth Embassy Attack During Clinton Reign...
REID BACKS MENENDEZ AMID UNDERAGE PROSTITUTION CHARGES...
Long before FBI raid, NJ senator tried to help donor's Dominican Republic business...
Bob dodges press...
PROSTITUTE: Senator 'likes the youngest and newest girls'...
CHICAGOLAND: Murderer Mistakenly Released From Prison...
Driver shot to death on Lake Shore Drive ramp...
Tawana Brawley served with court order to pay man she accused of rape in 1987http://albertpeia.com/rememberingtawanabwana.htm

IRANSYRIA THREATENS TO RETALIATE AGAINST ISRAEL...
Syria: Israel Struck Military Site...
Russia: Unacceptable...
UN: Israel Must Withdraw From Judea...
Settlements 'violate Palestinian rights'...
Jobless claims rise sharply...

Detroit suburb mulling $5 rat bounty program... { Actually, what the anti-cat ‘lobby’ conveniently didn’t mention in their recent anti-cat rant is that disease-carrying mice/rats are the largest component of the mammals cats kill; and, of the prehistoric dinosaur remnant birds, disease-carrying pigeons figure prominently among cats’ kills. (You also don’t see cats mauling/killing babies/children/humans as with dogs that should be more widely known as well for eating their own feces-I saw this first hand of a pedigreed german shepard before learning that eating their own feces was a dog trait). I happen to like birds, ie., Hawks (regal ferocity), Humming Birds (aerodynamics), and Owls (hunters/I just like them) in that precise order; but, I do like cats much more. When I’d jog home from the gym in the evenings I began carrying a small (18 inch tube) metal club and developed a proficiency for ‘running down’ and killing rats [ There were so many, particularly near the trash cans. I got up to 123 (confirmed) kills (I didn’t count those mortally wounded but slinking into the safety of, ie., the sewer) before stopping because of cries of ‘outrage’ from the niggers here in LA when they occasionally witnessed same (Wow! Can you believe it? Always somethin’ to complain about for the niggers, no matter how irrational!); and that became not worth the ‘controversy’. For the further record, if pellet guns were allowed, I’d ’wipe out’ disease-carrying pigeons; and, without compunction or hesitation, I’d ‘wipe out’ all venomous, fanged creatures, ie., poisonous snakes, all spiders, scorpions, etc., without exception; and of course, I’d ‘wipe out’ such vermin as cockroaches, bed bugs, mosquitos, etc.. I would not kill bees (pollination, etc.) however, except for those that tried to sting me. ] }

SHOCK: ECONOMY SHRINKS { And, that’s with all the printing/inflating/manipulating/spending what they don’t have! }

GDP -0.1%...
Santelli: 'We Are Now Europe'...
Job market booming at IRS...
DEMS: BEST LOOKING CONTRACTION YOU'LL EVER SEE...
Automatic Budget Cuts More Likely as Stances Harden...
Pension insurer warns of rising deficit...
Dollar at 14-Month Low vs Euro...
FED: KEEP PUMPING...

CHICAGOLAND: 15-Year-Old Who Performed At Obama Inauguration Shot Dead...

City murders more than double Afghan death toll...
Records Deadliest January In 11 Years...

Faber: Better Enjoy Market Rally While You Can...
USA debt headed toward 200 % of GDP -- even after fiscal cliff deal!
CHARLIE DANIELS: Nanny State Policies of this President Will Result in 'Chaos and Bloodshed'...
Benghazi my greatest regret...
Republicans like terrorists...
SENATOR: 'hillary clinton got away with murder'...
White slaves, black slaveowners in new play...

Feinstein: NRA is 'venal'... { Wow! That feinstein can say that with a straight face just shows how and why the once great state of California has fallen so far and fast.}
Government Officials Can Still Own Assault Weapons Under Feinstein Bill...
O: 'I GO SHOOTING ALL THE TIME'
BIG SIS TO PURCHASE 7,000 'ASSAULT RIFLES'...
BLOOMBERG REFUSES TO DISARM

Warning from David Mamet... { David Mamet is absolutely correct, of course. You absolutely cannot depend on the feds et als for your defense and best interests! }

(NIGGER)LAND OF LINCOLN downgraded...
Rated 'worst' state in country...

CHICAGOLAND: 7 MURDERED IN SINGLE NIGHT...
Mother loses 4th child to shooting...

Detroit's ex-mayor back in jail...
Treasury skewered for doling out 'excessive' CEO pay packages after bailouts...
Argentina and Iran form 'Truth Commission'...
Israel warns of possible pre-emptive strike in Syria...

Key facility hit?
Kissinger: Iran nuclear crisis close... [ Kissinger Predicts Nuclear War with Iran { This would be a zionist wet dream come true! And, a disaster for literally everyone else, particularly for pervasively corrupt, defact bankrupt America whose prior orwellian pro-israeli moves have not turned out well for anyone including america except for israel, the war profiteers and the military industrial complex as warned against by the underrated but great president General Eisenhower! } Kurt Nimmo | Characterizes looming conflict as “a turning point in human history.” { Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby doesn’t even have to pay kissinger for such folly! How ‘bout the turning point being the misguided balfour declaration and the subsequent existing 200+ illegal israeli nukes! } Video: Globalist Kingpin Predicts Nuclear War with Iran Prison Planet.com | Globalist kingpin, renowned war criminal and Rockefeller co-conspirator Henry Kissinger is talking up a nuclear conflagration. { Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby doesn’t even have to pay kissinger for such folly! How ‘bout the turning point being the misguided balfour declaration and the subsequent existing 200+ illegal israeli nukes! } ]

COURT TO OBAMA: ABUSE OF POWER

HOLDER MOVES ON GUNS...
Communist Party USA cheers...

UK heads for unprecedented 'triple dip' recession...

Feinstein Gun Control Bill Would Exempt Government Officials...
Lacks Dem Votes to Pass Dem Senate...
REPORT: Stricter gun laws fail to drive down gun-crime rates...

'MENTAL HEALTH CHECK' { I agree with Drudge’s pictoral implication that lobotomy joe is nuttier than a fruitcake! }

AMERICAN IDOL Racism Row: Nine Black Rejects Sue FOX Show... { Absolutely preposterous! Just another manifestation (and infestation) of niggers requiring irrationality to supplant rationality; whether that be elections (threats of riot), self-defense (threats of murder against those who defended against typically murderous criminal niggers), etc., plus the added ‘purse protection’ for females subjected to famously probable purse-snatching-niggers, along with other violence (see numerous examples infra, plus crime stats); plus, this is a privately owned network. Nobody tells the black enterprise network, etc., to have more white people. As a practicle patter, who wants the typical problems with niggers, ie., if they don’t get picked, elected, etc.. Forget the niggers! They’ve done enough damage. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

Fed's Holdings of U.S. Gov't Debt Hits Record $1,696,691,000,000 -- Up 257%!

APPLE STOCK ROTTEN...

Number of Sheriffs Refusing to Enforce New Laws Snowballs...

Zuckerberg to fundraise for Chris Christie... { L’il Hoodie and humpty dumpty! }

Assange Calls DREAMWORKS' WikiLeaks Movie 'Massive Propaganda Attack'...

I Will Implement 'President Obama's Vision For The World'... { That’s a big negative! Then there’s the big question … which one? … the one that he says, or the one that he does … either way, that means big failure in a very big way! }

Taliban: Prince (harry) has 'mental problem'... { Indeed he does! Well, what else is there to do but to run around the world killing people. After all, bastard son of Hewitt, he’s not too bright nor good at anything at all and he brits are known worldwide as such s**ts as they did in his own mum too. }
Attenborough: Humans are plague on Earth...
Japanese minister: Let elderly people 'hurry up and die'... { With all japan’s luck with all things nuclear in the last half century, they probably won’t have to worry about that! }
Environmental advocate launches campaign to ban cats as pets... { In favor of dinosaur-remnant indigenous birds…what a dinosaur he is…how primitive! }
Post Office cuts threaten source of black jobs... { and source of the Post Office’s problems, in large part …takes two or three niggers to do the same work of one non-nigger, they are so lazy and unproductive. The niggers are also error prone, and don’t give a hoot that they are. ‘That Detroit workforce’ has done wonders for america’s auto industry. }
699 teleprompter speeches, 83 days of vacation...
REPORT: ALL HOSTAGES DEAD IN ALGERIA
RANGEL: 'Some of the Southern Areas Have Cultures We Have to Overcome'... { The reality is that northern areas such as fraud capital of the world, national drain new york, have cultures we must overcome. After all, obama himself said rangel should resign with some dignity, not fully realizing that like chicago, and other northern areas, dignity is not required for federal, state, local government office or anything else for that matter. Just looking and acting like a nigger is sufficient! }

GALLUP: O 49% APPROVE...

'(0)HIGH(0) ON HIS POWER' { Yeah, the story of failed state ohio! }

NOONAN: Obama overplaying his hand...{ Indeed he has, as niggers always do and always will! }

Fast And Furious: Man Claims To Have Shot U.S. Border Patrol...

CHRISTIE: NRA Ad 'Reprehensible'... { Humpty dumpty speaks! The jersey glory boy of sardonicus tom kean! Never trust a half-breed Sicilian, former federal government slug! }
129 DAYS LATER: FBI DIRECTOR IN LIBYA FOR BENGHAZI INVESTIGATION... { mueller, as was his corrupt predecessor louis freeh, is a total waste! There isn’t anything about america that’s not ultimately, in the final analysis, criminal/totally fraudulent! Germany Starts a Central Bank Run http://albertpeia.com/trustingamericainsanity.htm }

CHICAGOLAND: Teen killed at end of high school basketball game...
A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm

RUBIO: Abuse of executive powers...
23 'Executive Actions'...
After Speech: 'Par-TEE!'

SECOND CONGRESSMAN SUGGESTS IMPEACHMENT...
BROWNSTEIN: Expect Obama to Get EVEN MORE Aggressive...
Gun stocks soar...
HURT: Personal liberty under fire...

THUGS BRUTALLY BEAT TOURIST ON GREENWICH VILLAGE STREET USING BAT, TIRE IRON { If only the tourist had a gun! }...

PAPER: Time to start switching out of US assets...

13-year-old girls beat woman at bus stop 'for fun'... ( Uncivilized niggers, of course! )
Girl gang hails cab, then chokes, robs driver... ( Uncivilized niggers, of course! ){ CHICAGO (FOX 32 News) – ‘The Chicago Police Department has issued an alert in the 2nd District of Wentworth for several armed robberies that have occurred during the month of January.The offenders, described as six to seven African American females with a light completion between the ages of 16 and 20, enter cabs in the Loop. Upon arrival to their destinations on the South Side, one of the girl chokes the driver with a rope or cord, while another threatens the cab driver with a knife, demanding cash. Authorities say the group then jumps out of the cab… Read more: http://www.myfoxchicago.com/story/20546398/alert-group-of-girls-sought-armed-robbery-cab-drivers?obref=obinsite#ixzz2ICcZA7FJ
Indonesian judge jokes that victims may enjoy rape...

Citizens File Articles of Impeachment Against Obama...

REDDIT Founder's Father: 'Aaron...Was Killed by the Government'...

NRA Ad: Obama Is 'Elitist Hypocrite'...

Cuomo Quickly Signs Into Law To Avoid Run...
{ The foregoing and the following are together … only the mob families should have guns, death penalty says mob’s man cuckoo coumo. }
Corleone apologizes for decades of Mafia murders...
MORE DEATH ON NYC SUBWAY...

RAND PAUL: 'Having a monarch is what we fought the American Revolution over'...

Reporter Mocks Carney: 'I'm Not Going to Indulge Your West Wing Fantasies'...

Fitch may downgrade U.S. credit rating...
Long-Term Unemployment Highest Since World War II...
Welfare spending to rise 80% in next decade...
HOUSE SPENDS $50B ON SANDY AID... { Replaying Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

White House to miss budget deadline; Breaks law...

Workers raiding retirement funds to pay bills...

Reid denies involvement in Utah businessman scheme... { ‘SALT LAKE CITY (AP) — Senate Majority Leader Harry Reid's office said Monday he was never involved in a deal to have a Utah businessman pay the senator to make a federal investigation disappear…’ Sounds very american to me; the bribes part, pay to play, etc.; that’s what I’ve seen, and worse… http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

Michael Savage: Don't trust feds on flu shot...{ Or anything else, for that matter. Indeed, from my direct experience, the actions/inaction of the feds are geared toward making one reliant/dependent upon them (ie., food stamps, faux disability, unemployment comp extensions, ‘protection’ from rampant, blatant crime or not, etc., despite america’s defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence and venality. In fact, stepping back, I have seen first hand those siding with/benefiting from (and the encouraging of more crime), ie., RICO defendants et als, actually rewarded by the pervasively corrupt/defacto bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a combination of and tantamount to what is essentially hush money, bribes, etc.). Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless nation of marauders/thieves that no longer even remotely resembles what it purports to be and arguably once was. Armed Robberies Spike Following Game... { Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

CONGRESSMAN WARNS OBAMA: IMPEACH YOU { http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm }

White House readies 19 executive orders on guns...

SHRINK: We are creating 'generation of deluded narcissists'... http://albertpeia.com/deludednarcissists.htm ‘…We must beware of the toxic psychological impact of media and technology on children, adolescents and young adults, particularly as it regards turning them into faux celebrities—the equivalent of lead actors in their own fictionalized life stories…’ Read more: http://www.foxnews.com/opinion/2013/01/08/are-raising-generation-deluded-narcissists/#ixzz2HXlpfElS Indeed, and america’s got the ‘perfect (failed, like them) president’ for this deluded generation of of ‘legends in their own minds’; viz., choom gang fantasizer in chief, wobama the b for b*** s***! Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }

Obama to follow in footsteps of Hitler, Stalin with ‘executive order’ disarmament of the American people Mike Adams | Obama is going to march America down the dark halls of history by following in the footsteps of Adolf Hitler, Joseph Stalin, Mao Tse Tung. Biden Says Obama to Use “Executive Action” to Restrict Second Amendment Kurt Nimmo | Lobotomy joe biden says violating the Constitution is an act “worth taking.”

GODFATHER OF CORRUPT CHICAGO RETURNS TO DC TO PUSH GUN CONTROL...
CHICAGOLAND: 22 DEAD IN BLOODY START TO YEAR...

New India Gang Rape: Woman Hanged from Tree after Sexual Assault in Bihar [VIDEO] { What can you expect from ‘animals’ who believe they might reincarnate (ridiculous! - there is, however, such thing as demonic possession) as other animals (‘…Hinduism is based on the concept of omnipresence of the Divine, and the presence of a soul in all creatures, including bovines. Thus, by that definition, killing any animal would be a sin: one would be obstructing the natural cycle of birth and death of that creature, and the creature would have to be reborn in that same form because of its unnatural death. Historically, even Krishna, one of the most revered forms of the Divine (Avatar), tended cows…’ Wikipedia) }

6 ARRESTED IN NEW GANG RAPE OF A BUS PASSENGER IN INDIA...
Woman hung from tree after rape...

India reports 25 rapes in week following Delhi gangrape IBNLive  { See, as per the californication amerikan jurisprudential scholar/jurist/judge, these 25 girls may not have realized it, but, they really wanted it … you know, otherwise, as per the californication jurisprudential scholar/jurist/judge these subconsciously consensual encounters could not have happened because the body would ‘just say no’ to such liasons if nonconsensual. There you go! … american jurisprudence has done it again as they guide us through those dark, shadowy, murky areas of the law that would otherwise label violent criminal rapists as violent criminal rapists. (We’re talking India here; but, violent rape among a plethora of other substantial crimes including murder, huge protected ie., wall street, etc., frauds, armed robberies, etc., are rampant in pervasively corrupt, defacto bankrupt america.) India gang-rape suspects to face murder charges (CBS/AP) NEW DELHI - Indian police charged six men with murder on Saturday, hours after a woman who was gang-raped and beaten on a bus in New Delhi nearly two weeks ago died in a Singapore hospital. { Clearly, says the california-american jurist/jurisprudential scholar, this girl was not a victim but really ‘wanted it’ and while she may have been screaming/saying ‘no’, she really meant ‘yes’ since otherwise her body wouldn’t have permitted that rape (and beating) to happen. See … now that’s why we have professionally educated/trained judges … to ‘split the pubic hairs’, so to speak … (that judge should be forced to step down)} Calif. judge says a victims' bodies can prevent rape CBS News SANTA ANA, Calif. A Southern California judge is being publicly admonished for saying a rape victim "didn't put up a fight" during her assault and that if someone doesn't want sexual intercourse, the body "will not permit that to happen.” { Wow! Spoken like a true california american jurist. Well, with violent rapes on the rise along with other serious violent among other crimes in america and california particularly, and elections being what they are, ‘might as well go with the flow’ might have been the ratio-decedendi. After all, most violent criminals in america are closet pacifists/peace corp members and if the body says yes or no but the mind subconsciously says yes, only then will a rape happen (NOT!); and, no violent rapist would let a LIVE/CONSCIOUS rape-resistor get in the way of implicit consensual rape. Wow! I initially was going to quip, ‘he doesn’t get out much’; but, maybe he just ‘gets out too much’. Wow! What more can anyone say! [ If the foregoing didn’t make sense to you, that’s because the californication judge’s outrageous statement is absolutely preposterous! ] }

RADIO WAVES: Hannity: States could leave union if feds continue 'radicalized, abusive' pattern...

Obama gives himself lifetime protection with armed guards 24/7...
FLASHBACK: Obama opposed bill to allow person to use gun to save own life in own home { Yeah … that would endanger his fellow niggers in large part according to crime stats! } ...

NRA RANKS SOAR...
Obama 'agenda to attack Second Amendment'...
CLASH...
GOOGLE searches for 'Hitler gun control' spike...
Biden Hints at Outlawing Unregulated 'Private' Sales...
WY Lawmakers Propose 'Gun Protection' Legislation to Thwart...
Kirchner attacks Falkland Islands 'invaders'... { Invaders indeed! Time to call british spades, spades! We fought a revolution after so doing! Some more brit reality: 18 Facts That Prove That Piers Morgan Is Flat Out Lying About Gun Control http://albertpeia.com/piersmorganlyingaboutguncontrol.htm }

'THE RIGHT OF THE PEOPLE TO KEEP AND BEAR ARMS, SHALL NOT BE INFRINGED'

Obama's 81% Support in New York City Best in 114 Years... { Fallen city! … nyc now officially a niggertown! }

SHRINK: We are creating 'generation of deluded narcissists'... http://albertpeia.com/deludednarcissists.htm ‘…We must beware of the toxic psychological impact of media and technology on children, adolescents and young adults, particularly as it regards turning them into faux celebrities—the equivalent of lead actors in their own fictionalized life stories…’ }

UNTOUCHABLE: MF GLOBAL judge nixes group's bid to depose Corzine... { Pervasively corrupt, defacto bankrupt in every way, fallen america is so far gone they no longer even bother with pretense! }

CONGRESSMAN FLOODED WITH CALLS ON GUN CONTROL: 9-TO-1 AGAINST...

France bumps drunk-driving charge up to criminal court for tax exile Depardieu... { There! That’ll show him … for going over to the ultimate winner of the cold war! }

Alex Jones vs. Piers Morgan: '1776 Will Commence Again If You Try To Take Our Firearms'...

REPORT: BANK OF AMERICA Freezes Gun Manufacturer's Account...

Armed Robberies Spike Following Game... { Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

GALLUP: OBAMA APPROVE FALLS BACK TO 50%...

Merkel pictured with blacked-up children... { Yeah! Following, and like america, they’re all niggers now! }

Barney to Be Senator Frank? { Nothing quite succeeds like failure in america! Doesn’t this also say something in the worst way about the pathetic state of massachusetts?! Guess he just wants to repopularize that all-american haircut, the pageboy! }

DEBT HITS $16,432,706,000,000.00

NYC Pol Slams Pork in Sandy Aid Bill...

Lobotomy Joe Biden gets frisky with senator's wife...
'Spread your legs -- you're going to be frisked'...

House votes to keep pay freeze for lawmakers, federal employees; Overturn Obama executive order...

'Fiscal cliff II' showdown set for February...

Senate Received 154-Page Bill Only 3 Minutes Before Voting on it... { Time to implement term limits across the board, no exceptions! }
MONEY'S NO OBJECT: Obama heads back to Hawaii -- at taxpayer cost of $7 million...
Obama vows more tax hikes: 'We can't cut our way to prosperity'...
NASCAR PARTY FAVORS BURIED IN 'CLIFF' BILL...
MILLIONS FOR RUM PRODUCERS...
$59 million for algae growers...
HOLLYWOOD GETS BREAK...
...AFTER RECORD BOXOFFICE YEAR

AFGHAN WARLORD: PRINCE HARRY IS 'JACKAL KILLING INNOCENTS'...

Oliver Stone: 'USA has become an Orwellian state'...
Activists voice dismay as Senate renews government surveillance measure...

Pay Raise for Biden, Members of Congress, Federal Workers... { As I’ve previously stated, nothing succeeds quite like failure in pervasively corrupt, defacto bankrupt america! }

Bloomberg: Keep 2 subway push deaths in perspective... { Riiiiight! Sounds like a plan … I’ve previously said some positive things about bloomberg, mostly relating to his financial acumen … I take them all back, and then some … clearly, part of the new york / new jersey / northeast/beltway drain, I believe bloomberg is totally burnt out … not only by what he’s been sayin’ , doin’; but as well, he looks like he’s on a permanent overdose of valium/prozac or whatever else they’re pushin’ these days for depression … really! }

OVER THE CLIFF WE GO!
OBAMA SENDS SOS TO HILL...
House to Return Sunday...
Deal 'virtually impossible' before New Year...
Finger-pointing...

FEINSTEIN BILL REQUIRES 'GRANDFATHERED WEAPONS BE REGISTERED' { Only the criminals are excepted and exempted; particularly in crime-ridden california! } ...

Spending to Increase 55% Under Obama's Plan...

Lawmakers: We're Likely to Go Over 'Cliff'...
... finger-pointing
Impasse Turns to Senate...
Obama turns to golf in Hawaii... { Regrettably … I have to reiterate: ‘wobama’s such a typical, incompetent, lazy, failed b***s*** nigger!’ }

School Obama's Daughters Attend Has 11 Armed Guards...

NRA LaPierre: Hollywood, media, music, violent videos cause culture of violence... { There is indeed a culture of violence in america; that, along with a celibratory attitude toward crime and criminals generally (and of course, cowardice in the face of criminality, which didn’t apply to the Newton, CT tragic scenario), along with the reality that crime in america pays, and pays well, and is largely protected at the highest levels. That said, I still oppose any and all censorship (a ‘slippery slope’ in a country now as this, best not tread on) to the extent that’s inferred from LaPierre’s cogent speech; though I believe it a stretch for anyone to have reasonably gleaned that from his words so eloquently put. I read the text of his entire speech as he made it. I believe he was correct in every significant respect; importantly, and simply put, ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. } NRA’s Wrongheaded Response to Sandy Hook Violence Infowars.com | NRA Executive Vice President calls for more cops in schools and a government database of the mentally ill. { The following ‘rebuttal’ from Infowars is not entirely unreasonable but I believe relies too much on the presumption of sanity among the american masses: ‘…LaPierre also announced a NRA model security program of armed volunteers to guard schools. He said Rep. Asa Hutchison, R-Ark., will lead the program for the lobbying organization. While the idea of armed citizen volunteers protecting schools is reasonable, the call for adding more police is not. The presence of police in public schools has created a number of problems – from tasering and handcuffing students to shooting them to death – in addition to fostering a prison-like environment [if the ‘shoe fits’]. As for creating a government database of people suffering from mental illness and then presumably denying them Second Amendment rights, this is a dangerous idea begging for government abuse [as was so in the former communist soviet union of old]. If the state is allowed to determine what mental illness is and who suffers from it, large numbers of people will undoubtedly have their right to own firearms denied (like veterans suffering from PTSD are denied their rights). It looks like the NRA is merely passing the buck on this issue and once again relying on government to devise solutions [this is an unfair criticism by infowars inasmuch as the NRA are not elected officials although, truth be told, as evidenced in the past election, u.s. elections are a total joke and are indeed ‘rigged’ – then there were as well the unprecedented terrorist threats of violence/rioting by the typically uncivilized niggers ( note that wobama, a nigger himself, registered no objection to those threats and intimidation – the uncivilized niggers having their way now with purported ‘civilized institutions’ – don’t forget the crime stats wherein niggers are the undisputed leaders by far ) as well as voter fraud, and incumbents did not want to rock their boat, aka ‘the uss titanic’ ]. The solution to public school violence is really quite simple – citizens must be fully empowered to exercise the right to self-protection and the protection of their families (defense is a natural right that has nothing to do with the real reason the Second Amendment was established). This right to self-protection cannot be denied by “gun free zones” that are in essence self-defense free zones…’ }
American Dream Fades for Generation Y Professionals...
House Republican members circulate plan to oust Speaker Boehner... {12-18-12 BOEHNER ADOPTS PELOSI PLAN... AIP:Yeah … it’s time to talk ‘john the boner’ … he’s a total failure … and, he’s a very stupid man to boot. Seriously, he’s pretty dumb! Moreover, this teary-eyed ‘house speaker’ didn’t even carry his own state in the past election. They know he’s a dummy! } What In The World Are Barack Obama And John Boehner Thinking? http://albertpeia.com/2dummiesinovertheirheads.htm

Gov't announces GM 'exit strategy' ... taxpayers to lose billions!
50% Loss!

Clinton accused of faking illness to avoid Benghazi testimony...

Reporters Criticized for Not Following Script at White House News Conference...
President Uses Sandy Hook Massacre to Push Tax Hikes...

Sen. Feinstein: ZERO DARK THIRTY 'dangerous'...
{ Amazingly, we’re literally talking fiction here; ‘Lincoln’ being as historically accurate as ‘Jack and the Beanstalk’. We’re talking propaganda and Orwellian thought control/policing. The reality is the incompetence and corruption in D.C. is worse than dangerous. }
Reid Adjourns Senate for Viewing of LINCOLN...

SLAUGHTER OF INNOCENTS

MEDS? Shooter suffered from 'personality disorder' ...
'Obviously not well'... { 20 children, 7 others dead in school shooting Marketwatch { From the previous day, pre-shooting I posted : Don’t Let Your Child See a Psychiatrist. Jon Rappoport { In light of his expressed fear, psychologists can’t prescribe medication – though that’s changed somewhat in some states. Rappoport must realize that some parents, nuttier than fruitcakes particularly in america, might be the problem. Who then does the troubled child turn to?} That said, Every human emotion now classified as a mental disorder in new psychiatric manual DSM-5 Mike Adams { Well, I gotta tell ya … if the shoe fits, wear it … the reality is that the prevalence of mental disorders/mental illness in america is so great that reactions as those of mike adams (including shooting the messenger) are not unexpected; but, must be discounted. After all, insanity or close to it has indeed become the new normal, shaded/obscured somewhat by what’s deemed simple inherent criminality which masks the underlying ‘americinsanity’. }

OBAMA TO STONERS: WE'RE COOL... { Yeah … right! … Choom gang-banger wobama is about as cool as s**t moving downhill … ‘social’ drugs as marijuana, blow to a lesser extent, hashish (heroin, speed, barbiturates, etc., are definitely uncool, sticking with the limited stoner terminology, dudes) are neither cool nor uncool … as plebian as a glass of wine, champagne, beer, scotch, etc., after a week’s hard work only, at best a somewhat decadent indulgence; at worst, as with all indulgences, literally potentially destructive and negative if in excess … Far from special, anyone can do them … [Truth be told, within weeks (ie., usually 4-6 weeks) of ie., important exams (it’s also ‘lamentably’ true I was a ‘quick-study’ crammer but blessed with a great memory facilitating same without detriment thereby, providing for/enabling ‘balance’), I abstained from marijuana owing to the somewhat limited, lingering persistence of same in the fatty tissues including the brain affecting retention, etc.. ] Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! http://www.albertpeia.com/wobamaschoomgangbangin.wmv }

Pelosi Accuses GOP Of Lack Of Concern For Kwanzaa...

DETROIT'S DECLINE: 34.5% on Food Stamps, 45.7% Not in Labor Force...

BUDGET DEFICIT SKYROCKETS TO $172B IN NOV, UP $52B FROM OCT...

PUMP DELUXE: Federal Reserve to spend $45B month to buy bonds...
{ It’s really quite amazing that the so-called economic experts, ie., economists, financial/securities analysts, CEO’s, etc., are so economically challenged so as to believe beyond the self-interested ‘swallow’ (ie., paper inflation, etc.) that somehow printing/creating ever more worthless/debased paper fiat currency will in some way create real value, production, jobs, etc., as opposed to the destructive mechanism along with nefarious dislocations that it truly is. }
PROJECTS HIGH UNEMPLOYMENT FOR NEXT 3 YEARS...

JIMMY HOFFA WARNS OF 'CIVIL WAR'... { There is an exception to the hearsay rule known as a dying declaration; the rationale being that a person would not ‘go to his maker’ with a false statement/declaration to ‘taint his soul’. Interestingly, I had occasion to know a very intelligent, learned man who was indeed dying, in a death spiral if you will. A lawyer by profession, he had taken an interest in another lawyer’s history; none other than Abraham Lincoln himself. Curiously I thought at the time, though even then, some decades ago (long before the internet), I realized that you were never getting the whole, correct, true story from american media, history as written, etc.. ( I was fortunate in sixth grade to have had a great teacher, James Bresnahan, who allowed for ‘expansive’/accelerated learning in what he took the time and trouble to provide as an advanced reading group. Among the subjects was that knowledge/thinking tainting phenomena known more commonly as propaganda). After all, a long dead president; and, one who famously suffered from recurring bouts of severe depression could hardly be the object of, from my view, intense intellectual interest and scrutiny. Yet, he was fixated on what he deemed a somewhat surprising revelation; viz., from his intense study, Abe was not ‘Honest Abe’ but rather, was a thief. I was aware that in fact, Lincoln found niggers somewhat appalling and initially opposed ending slavery as well as those who favored same, viz., the abolitionists, etc. (niggers are a same old old story of lazy, unproductive, inherently very uncivilized criminal people who are fun-luvin’ for games, partying, and getting high only. Even the incisive Shakespeare euphemistically referred to the ‘typicality’ of the inherently untrustworthy and without sense of honor, ‘noir’ [french for black]). The ultimate consummate politician (as a lawyer, Lincoln famously took a contrary position not long before saying he thought he then was right but now taking the opposite position now knew he was right … riiiiight! ‘Honest Abe’), Lincoln ultimately did, in rallying his ‘stalwarts’, back the abolitionist cause. I personally feel the people of the south were foolish in bringing vanquished niggers, sold into slavery by other niggers who vanquished them, to this already now recently blemished land. Moreover, as today, the niggers (and the abolitionist cause) had provided fodder for politics of all sorts, including that of Lincoln. Indeed, even today, spielberg who is famous for his pro-jewish ‘politicking’/propaganda (even the first Indiana Jones movie was heavy on the Arab/Nazi transference propaganda) has found a way to make film-making pay for him and the democratic party by way of the misguided, inaccurate view of Lincoln as the anti-slavery icon he is speciously depicted as. Civil war? Hoffa, like his mob-connected, then disconnected (permanently) father is old news. The truth is that their own done them in (as was so of hoffa’s father) with NAFTA, etc., as they themselves foolishly laughed at their real would-be saviors, ie., Ross Perot, etc.. The reality is, there is literally nothing that can’t be produced better and cheaper and without paying the shake-down bribe from the teamsters et als for doing absolutely nothing (as is true with the other niggers, et als, entitlements, etc.), elsewhere. Twinkies anyone? }

Obama has hired 101 new federal employees A DAY since taking office...

UNCHAINED: Foxx Jokes About Killing 'All The White People' In New Movie...
Nelson Mandela 'proven' to be a member of the Communist Party Telegraph.co.uk For decades, it was one of the enduring disputes of South Africa's anti-apartheid struggle. { The failed system of communism. Not surprising that a nigger would lache on to such where everyone’s ‘equal’; but, for no good reason, other than for party membership alone some are more equal than others. Well, close enough, but no cigar. After all, chimpanzees share a 98% identical DNA profile with modern humans; and, niggers share 99% (hence, that familiar simian look of the nigger. Interestingly, I must confess that I’ve more recently particularly, developed a well-founded aversion for and antipathy towards chimps, gorillas, oranguatangs and monkeys owing to the fact that they remind me of niggers! Niggers are a drag on civilized society! }

Execution-style shooting on busy Manhattan street...
Man Dies...
85-Year-Old Woman Savagely Attacked In Greenwich Village Elevator...

APOCALYPTO: Panic spreads ahead of Mayan prophecy... { As I previously have stated: No, the world’s not ending … this year … but, there’s just decades left at best! The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ] }

Zimmerman Sues NBCNEWS... { Truth be told, even some decades ago, while there to drop off some ‘paper’, I was somewhat shocked to see that almost an entire nbc corporate floor was almost all niggers! Maybe, as with the election, they were just afraid the niggers might riot. }
Made me into a Racist to Fix Low Ratings...
Furor over WVA high school's mandate that students stand for 'African-American National Anthem'... { The niggerization of america, no wonder america’s a nation in decline! }

Christie Meet$ With Obama as Sandy Aid Package Formed...

DETROIT TO OBAMA: WE (THE NIGGERS AND SELF-LOATHING WHITES ET ALS) VOTED YOU IN, NOW BAIL US OUT... http://albertpeia.com/lawlesswastelanddetroit.htm

Israel accuses USA of inciting protests... { Riiiiight! Defacto bankrupt america that needlessly and foolishly bleeds real blood and treasure for israel is the culprit…Wow!…You can’t make this stuff up! }

Christie seeks 100% federal government reimbursement for Sandy... NY, NJ, CT lawmakers seek $83 billion to cover cost of damage... { People should read the comments … the opposition are vehemently against a bailout for national drains (ie., wall street frauds, frauds, organized crime, corruption, etc.) new york/new jersey/connecticut. }

Nader: O Worse Than Bush... Nader: War Criminal Obama Worse Than Bush { I’d call it now a not too surprising tie! }

STUDY: American Households Hit 43-Year Low In Net Worth...

Debt Hits $16,306,713,000,000...

CA City Attorney Tells Residents To 'Lock Their Doors, Load Their Guns' Over Police Downsizing... { This is already good counsel for all of california in light of pervasive crime and egalitarian, politically correct attitudes hindering law enforcement! }

Michigan Governor Won't Rule Out Dissolving City Of Detroit... { Sounds like a plan! }
Oakland Crime Rate Soars As City Loses Officers; 33 Burglaries A Day... { Ah, come on! Understand these disadvantaged … times are tough which makes the tough get goin’. I wonder how many are double-dipping? I bet they voted for O. }

NY, NJ lawmakers seek $80 billion to cover cost of damage... { People should read the comments … the opposition are vehemently against a bailout for national drains (ie., wall street frauds, frauds, organized crime, etc.) new york/new jersey. }

UPDATE: Judge approves Twinkie liquidation... { Alas, adieu sweet hostess. As a kid (as an adult as well but can’t afford those calories and haven’t had them in years), truth be told, though I liked twinkies with milk, preferably chocolate milk, I invariably opted for the cream-filled chocolate cake, chocolate iced (with the squiggle on top) hostess cupcakes; with plain milk, of course. The ‘golden-goose-killers’ strike again! }

Jesse Jackson Jr. quits Congress...
'Couldn't stop crying, couldn't give a press conference'...

JOBLESS...
INFLATION...
POVERTY...
RECESSION...

RADIO HOST CALLS FOR 'SECOND AMERICAN REVOLUTION'...
SECESSION MOVEMENT EXPLODES...

DENNY'S to charge 5% 'Obamacare surcharge' and cut employee hours...

Postal Service Loses Record $15.9 Billion...

Faber: Prepare for Massive Market Meltdown...

OLIVER STONE: 'I find Obama scary'...

PETRAEUS RESIGNS OVER 'AFFAIR'

Was Slated to Testify on Benghazi Next Week...
'Timing Is Just Too Perfect'...
Lawmakers Considered Calling For Resignation In October...
FBI SPIED ON CIA DIRECTOR, WOMAN; EMAILS?

Dear Drudge: Stop the race {reality} stories { No, Drudge…keep the real news coming…though the chimps are incapable of shame, let others, facilitators all, feel the blame! }...

Assange: Obama a 'wolf in sheep's clothing'...

Obama Administration Shuts Down Oil Drilling Out West...
STOCKS FALL 3% SINCE RE-ELECT...

COMPANIES PLAN MASSIVE LAYOFFS AS OBAMACARE BECOMES REALITY...
Utah company fires 100, blames Obama...
CEO reads prayer to staff, announces layoffs...
Floodgates open on new health regs...

Clinton to Step Down 'Days' After Inauguration...
HOLDER EYES EXIT...

Obama Administration Shuts Down Oil Drilling Out West...
STOCKS FALL 3% SINCE RE-ELECT...

RECORD 70.4 Million Enrolled in Medicaid: 1 Out of 5 Americans...

NYC rations gasoline; expected to last weeks...
Man waits 30 hours for gas...
Liquor drought...
Prison For Displaced Victims?
Power Loss Tests Limits...
11 days after Sandy...
'Ready to snap'...
Nightmare in shelters...

RON PAUL: Election shows U.S. 'far gone'...

UPDATE: Man Beaten During Giants World Series Victory Celebration Dies...

Obama weeps again...

Record snow adds to woes in Sandy-struck region...
FEMA office on Staten Island closed 'due to weather'...
Despair deepens...
TAX HIT THREATENS VICTIMS...
Looting Reaches Epidemic Levels...
Gas Crisis Could Last Weeks...

WALL STREET ALARM...
Stocks 'cringe'...
'SUGAR HIGH' ENDS...

LIMBAUGH: 'I went to bed last night thinking we lost the country'...
HANNITY: 'Allure And Appeal Of Socialism Has Taken Hold'...
LEVIN: 'Unvarnished Truth' On Romney Loss...
SAVAGE: 'Our society is being turned into prison camp'...

California Votes for Higher Taxes...

OBAMA WINS 39% OF (SELF-DESTRUCTIVE, SELF-LOATHING) WHITES...

ANTI-OBAMA PROTESTS ESCALATE AT UNIVERSITY

Athens Erupts in Riots During Key Austerity Vote...

Election Judge Wears Obama Cap While Checking in Voters in Chicago Ward...

Obama Mural in Philadelphia Polling Place...
UPDATE: Judge orders mural to be covered...
Obama Poster Hanging in Florida Polling Station...

Black Panthers Return to Philly Polling Site...
VIDEO...
GOP poll inspectors being forcibly removed -- replaced by Democrats...
Judge issues order to reinstate...
CHAOS...

FINAL RASMUSSEN: R 49% O 48%...
FINAL BATTLEGROUND: O 47% R 47%...
Goeas: Romney 50.3%, Obama 48.8%...
R 40,454,933
O 39,423,072*
FOUR MORE TEARS

BIDEN: 'I'm Going To Go Back Home, Run For County Council Or Something'...
Who Wants A President Who Will Lie To You? Asks -- BILL CLINTON? { Well, we all know of the many crimes of clinton, we must forget his televised proven lie since he didn’t know what the meaning of the word ‘is’, is. Another psychopathic mental case rivaling wobama’s own psychogenic/dissociative amnesia. }

Rep. Jesse Jackson Jr. wins reelection -- from Mayo Clinic!

GALLUP SHOCK: 'REPUBLICAN' BEATS OBAMA BY 8%
GALLUP: APPROVE DOWN TO 38%...
Highest Negative Rating Ever...
DOJ raids guitar factory...
UPDATE: GIBSON GUITAR CEO slams raids as 'overreach'... [ With unprosecuted securities fraud in the trillions, and my own experience with the ‘DOJ’ that has covered up serious RICO crimes, etc., http://albertpeia.com/fbimartinezcongallard.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm , I find this somewhat incredulous in terms of priorities!]
JOBS: ZERO...
BROKE: POST OFFICE SYSTEM MAY SHUT DOWN ENTIRELY THIS WINTER... [Good! Let UPS take them over … the usps is totally unreliable]
AMERICA FALLS TO 5TH PLACE...
46.2 million Americans are now poor...
22% of children in poverty...
Dramatic drop in median income...
Likely to worsen...
POVERTY SOARS
SETS NEW RECORD
POLL: OBAMA 41% ANY REPUBLICAN 47%...
RE-ELECT: 41%...
'AIMLESS OBAMA WALKS ALONE'...
'Loner'...
AP: Disconnected from reality...
STUDY: USA not in top 10 for starting a business...
NEW DOWNGRADE THREAT
NUMBER OF 'NEAR POOR' STARTLES CENSUS...
MSNBC Matthews Turns On Obama...
'I Hear Stories That You Would Not Believe'...
COMPANY SHOCK: 'WE'RE NOT HIRING UNTIL OBAMA GONE'
OBAMA LOSES SUPPORT FROM BLUE COLLAR DEMS...
RUSSIAN ANCHORWOMAN FLIPS OBAMA THE BIRD...
FITCH TURNS NEGATIVE ON US
Obama's Job Approval Drops Below Carter's...
S&P Downgrades Dozens Of Global Banks...
REPORT: Hank Paulson passed inside information to fund managers...
'OBAMA IS A CORPORATE PUPPET'...
Support for Obamacare hits new low...
RE-ELECT AT 43%
GALLUP SWING: OBAMA BACK DOWN TO 41% APPROVE, 50% DIS...
USA Closes 2011 With Record $15.22 Trillion In Debt, Officially At 100.3% Debt/GDP...
Levin: Obama's Comment 'Forthright Statement Of A Dictator'...
RUBIO TO OBAMA: YOU'RE TURNING AMERICA INTO 'DEADBEAT NATION'...
GROUP PLANS TO FLY 'IMPEACH OBAMA' BANNER OVER SUPER BOWL...
RON PAUL SAVAGES SANTORUM AS 'CORRUPT'...
WAR DRUMS: Iran, Israel and US plan Gulf exercises...
Diamond Prices 'To Jump 20%', Outperform Gold...
RUBIO SENDS WARNING LETTER TO OBAMA: DEBT SOON 'WELL ABOVE $16 TRILLION'... DEVELOPING...

GALLUP: R 50% O 49%...
RASMUSSEN: R 49% O 48%...

NOONAN: IT'S ROMNEY...
Fred Barnes: Why Romney Will Win...
Romney winning independents 59%-35%...

Romney internal polls put him UP in OH, TIED in PA and WI...

'Thousands of ballots' unlikely to reach military voters in time...

GENERATION DEBT: Every American Under 18 Now Owes $218,676...
'Per Person Debt Now 35 Percent Higher than that of Greece'...
NY DAILY NEWS ENDORSES -- ROMNEY?

21 NEWSPAPERS SWITCH TO ROMNEY...
NY DAILY NEWS: 'Hopes went unfulfilled'...

FL: R 52% O 47%...
MI: R 47% O 46%...
VA: R 50% O 48%...
OH: O 49% R 49%...

Fearing Romney victory, EPA plans post election anti-coal regulation...

CBS releases even more unseen footage from Obama interview after Benghazi attack...

Obama, not-so-happy warrior...

Red-state Dems fight Obama drag...

Obama favored in his ancestral Kenyan village...

Romney draws huge crowd in PA...
500 retired generals, admirals announce support...
Obama Ignores Question About Storm Victims' Frustrations...
Fear of the Dark...
Con Edison Distributing Dry Ice...
FEMA Out Of Water, No Delivery Until Monday...
FREE FUEL FOR EVERYONE!
2-mile line on Staten Island...
CONFUSION: Gov't tells public to stay away until first responders fuel up...
Residents arm up: Bats, machetes, shotguns...
'It's Like The Wild West'...
'Anarchy in Queens'...
ODD-EVEN: NJ counties enact Carter-style gas rationing...
DICK MORRIS: Obama Hit By Storm Backlash...

MOTHER OF SEAL: 'I BELIEVE OBAMA MURDERED MY SON'...
Security officials on the ground in Libya challenge CIA account...
REPORT: U.S. considered moving Benghazi consulate month before deadly attack...
Papers blast president's response...
RUDY CALLS ON BARRY TO RESIGN!

FL: R 51% O 45%...

NYT: PA 'tilting toward Romney'...
MI: R 47% O 46%...
Candy Crowley: 'President Romney'...

PA POLL JOLT: O 47% R 47%

Bill Maher to Romney Supporters: 'Black People Like Vanilla Fudge Nut maher Know Who You Are and They Will Come After You'...
REPORT: Obama supporters step up riot threats...
Black pastor receives death threats after reversing support...
Black Americans still back Obama despite steep plunge in their economic fortunes...
SHOCK POLL: Minnesota a toss-up...

REPORT: NAACP Takes Over Houston Polling Station, Advocates for O {and are acting like the uncivilized, lawless niggers they are!}...

Service members purged from voter rolls in Florida...

30,000 turn out in Ohio for Romney...
Obama plays for just 2,800...
CLEVELAND 2008: 80,000; CLEVELAND 2012: 4,000...
Just 200 show up for event with Stevie Wonder!

ABCWASHPOST: R 49% O 48%...
RASMUSSEN: O 48% R 48%...

Campaign 2012
BARONE CALLS RACE FOR... Barone: Going out on a limb: Romney beats Obama, handily November 2, 2012 | 4:58 pm

'Let's Win This Motherfu**er!': White House Official Delivers Shock Speech...
ROMNEY HEADS TO PA!

POLL: 63% Want Obama 2nd Term -- in China...

OCTOBER UNEMPLOYMENT UP: 7.9%...
RATE HIGHER THAN WHEN OBAMA TOOK OFFICE...
Promised 5.2% rate by Oct 2012...
President Faces Voters With Highest Unemployment Of Any Incumbent Since FDR...
ROMNEY: 'Sad reminder economy at virtual standstill'...
Incomes Continue to Decline...
Long-Term Rate Rises to 40.6%...
Blacks to 14.3%...
Food Stamp Growth 75X Greater than Job Creation...

BIDEN: 'There's Never Been A Day In The Last Four Years I've Been Proud To Be His Vice President'...

Joe Biden: 'I'm Going To Take A Vacation'...

Entire Minneapolis Police Force Gets Death Threat After Gang Member Shot Dead...

Drivers Waiting 6 Hours For Gas in NYC...
Tempers Rise in Wake of Storm...
'Finding bodies left and right'...
Restaurant, hotel prices skyrocket...
CHUCK SCHUMER CONFRONTED: 'We Are Gonna Die!'
CRAIGSLIST: $15 a gallon...
Utility workers pelted with eggs...
Misery...
'We have nothing'...
Residents Furious RED CROSS Offering Cookies & Hot Chocolate, Not Blankets Or Clothes...
Jet Fuel Supply Fast Becoming Concern At Airports...
Staten Islanders Plead for Help: 'We Need Food'...
'Please don't leave us'...
VIDEO: Stranded New Yorkers Defecating in Apartment Buildings...
DIRE...
NJ counties enact 70s style gas rationing... Developing...

ABCWASHPOST:O48%R48%...

Republican National Committee alleges voting machine troubles in Nevada, other swing states...

Gas Shortages May Not End for Another Week...
Fear Turns to Frustration, Anger...
Fistfights, Guns Drawn...
'You're not getting gas tonight'...
Lines grow...
Some Siphoning From Cars!
'I'm pretty pissed'...
Troopers deployed to gas stations...
Stars throw extravagant Halloween party despite destruction...
Commuter Delays Rage...
NYC Official: Red Cross 'Absolute Disgrace'...
Looters Dress Like Con Edison Workers to Gain Access to Houses...
Staten Islanders Plead for Help: 'We Need Food'...

OBAMA LEFT THEM BEHIND: HUNGRY DUMPSTER DIVING IN NYC

BLOOMBERG PLAYS POLITICS WITH SANDY; ENDORSES O AS 'CLIMATE CHANGE' LEADER...
State Dept never called for military back up...
BUCHANAN: Hillary's head should roll...

New ADP Count Slashes Job Creation for September...

NY state asks feds to cover all $6 billion in storm costs... { Between wall street frauds/bail outs, outright theft from the new york fed, etc., in the trillions, what a national drain new york is! }
Tempers flare in NJ city where thousands stranded...

DAILY CALLER: Women claim Sen. Bob Menendez [D-NJ] paid for sex in Dominican Republic...
VIDEO...
'We're not going to respond'...
FLASHBACK: Senator Called for Secret Service Agents to be fired over prostitution scandal...

Republican National Committee alleges voting machine troubles in Nevada, other swing states...
James Baker: 'Not Entirely Unlikely That We Might Have A Recount'...

DICK MORRIS: Here comes the landslide...
Romney Campaign: The Fundamentals Favor Us...
Rove: Sifting the Numbers for a Winner...

Denver Dem Mayor Goes To Wisconsin And Says Obama Getting Beat In Early Voting...

New ADP Count Slashes Job Creation for September...
OHIO: MORE VOTING PROBLEMS AS BALLOT CAST FOR ROMNEY COMES UP OBAMA...

Congress steps up demands for info on Benghazi attack...
White House dodges...
FACEBOOK Censors Navy SEALS to Protect President...
'The mysterious media Benghazi bugout'...
Hannity on WH Audio Tapes: 'I've Heard They Are Damning'...
WASHPOST: 'LINGERING QUESTIONS'...
LENO: 'Don't ask, don't tell is back ... Obama's new policy for questions about Libya'...

REPUBLICANS HAVE WON EVERY NOV 6TH PRESIDENTIAL ELECTION SINCE 1860...

Dianne Feinstein: No need to debate Republican opponent... { Riiiight! Things are going so swimmingly (as in drowning) for the nation and california particularly. Actually, I responded to a ‘generic’ email / facebook request from her with my subsequent request that she help to elicit a formal response from the FBI as promised regarding the RICO matters (the other incompetent, failed perrenial senator barbara boxer actually had ‘made her presence known’ in the corrupted process regarding usdcj matz/lester and the default of the u.s. which missed the filing date which error was compounded by the misstatement of the rule in court on the record by asst. us attorney robert i. lester); but, no response... http://albertpeia.com/selfdefense.htm [ One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! ]

11-5-11 Dear Congresswoman Roybal-Allard:

The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:

‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’

Sincerely,

Albert L. Peia

America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm

Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

, Guest Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words! It’s been my direct experience for quite some time now and is quite a pathetic scenario! } Legal precedent means nothing. Rule of law means nothing. Free speech means nothing. Their own treaties mean nothing. It’s unbelievable. Anyone in the west who honestly thinks he’s still living in a free society is either a fool or completely out of touch. If that seems too radical an idea, consider that ECUADOR is now the only nation which stands to defend freedom and human rights against an assault from the United States, the United Kingdom, and their spineless allies. The west has just become a giant banana republic. Have you hit your breaking point yet? If not now… when? { { I’m really constrained to interject my own direct experience with the FBI here; and, I must say I do so lamentably. If you want no real results vis-à-vis organized crime which now extends to the upper reaches, highest levels of the corrupt u.s. government, go to the FBI. I discounted the new jersey FBI as just typical corrupt, mob infested jersey which thinks in terms of discos/casinos. But, truth be told, they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their (understated) crime stats for even a second. I’m beginning to feel foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters directly who seem to have at least some sense of the magnitude of the fraud involved and the pervasive corruption of the system and government and maybe a semblance of honor in this nation of protracted decline. It never would have occurred to me back when for me, such a choice/decision was clear-cut and simple. Such a course as mine I no longer could recommend inasmuch as there is little difference between state/government sponsored crime/corruption and that perpetrated by other criminal elements, from my direct experience with both, infra: Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some federal workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the properties in my proceedings for which surplus funds are unaccounted for was a top floor balconied 2 bedroom 1 and 1/2 bath condominium (beach/boardwalk front w/indoor pool/sauna) in seaside heights, n.j. –10-31-12 Post Sandy: I’m wondering if it’s still there. ). But debauchery an american specialty? Another rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in the illegal drug trade). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city boy louis freeh, labeled by former Prosecutor Larry Klayman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.

New Yorkers in fuel scramble as storm-hit pumps dry up...
Sewage, Bacteria, Gasoline Found in Floodwater...
Phone addicts suffer withdrawal...
Looters target Coney Island...

Feds to hit borrowing ceiling at year-end...

GALLUP: ROMNEY UP 52%-45% AMONG EARLY VOTERS...

REPORT: GOP voting tsunami coming...

POLL: Obama dominates Romney -- in Russia...

Romney suddenly plunging onto Democratic turf...
MSNBC Ridicules Romney for Collecting Food, Supplies for Sandy Victims...

FACEBOOK Censors Navy SEALS to Protect Obama on Benghazi...

Michael Moore/MoveOn.org: We will burn this motherf*cker down and c*ck-punch Romney...

THE MORNING AFTER
PHOTOS: SHOCK AND AWE...

DEATH TOLL CLIMBS ABOVE 45...
Northeast airports, transit systems slowly start moving again...
Crippled NYC subways could hamper recovery...

ELECTION PROJECTION: R 52% O 47%...
GALLUP MONDAY: R 51% O 46%...
OH: R 50% O 48%...

MN: O 47% R 44%...
GALLUP: Obama's Job Approval Drops 7 Points in 3 Days...
Adopts tone of challenger...
DES MOINES REGISTER Endorses Romney...
OLIVER STONE RIPS PREZ: 'Took bad situation, made it worse'...

CHICAGOLAND: 435th Homicide Matches Total For All Of 2011...

Romney hits auto bailout as CHRYSLER moves Jeep production to China...
OBAMA: 'Hurts my feelings the most'...
Report: FIAT now says Jeep may move to Italy...

Vandal Keys 'Obama' Into Cars Of Residents Supporting Romney...
Large Amounts Of Nails Dumped In Parking Lot At Tea Party Rally...
Church sign defaced...

Madonna booed after touting Obama during Concert...

REPORT: Obama camapign takes money from 'Osama bin Laden'...

Water Level at Battery Park Reaches 11.25 feet, Surpassing Record Set in 1821...

Gangs Plan Hurricane Looting Spree Via TWITTER...
CT Gov. Closes All State Highways: 'Most Catastrophic Event We Have Faced In Any Of Our Lifetimes'...
'People Are Going To Be Fighting In The Streets Over Gasoline, Food'...
NATIONAL GUARD DEPLOYED...
UPDATE: 9,000 Flights Cancelled...
ANOTHER BLOW DAY: Federal offices in DC shut down again...

Absentee ballots sent to U.S. military serving in Afghanistan 'destroyed in crash'...
Romney seizes on sluggish growth figures...
Burning through O's 'firewall'...
Desperation? White House Considering New Tax Cut...
R 51% O 46%...
R 50% O 47%...
R 49% O 48%...
Bust of Barack Obama's head -- made of butter! -- tours the streets of Chicago...{ And not vice versa (as in that far from reality fairy tale vis-à-vis the big Cats: the Tigers say, ‘No Way!’) as (b.s. black) sambo(bama) is goin’ down (deservingly so) for the count! }
REPORT: Vanloads of Somalians driven to the polls in Ohio... { ‘Is voter fraud being committed in Ohio?..According to the Somali Community Association of Ohio’s web site, over 45,000 Somalis live in Ohio. Only 40 percent have become citizens of the United States, and only 25 percent speak English well enough to get a job..’ …Yes, they are typical dumb niggers for wobama! }

KRISTOL: Petraeus Throws President Under Bus... {Oh, right! Petraeus doesn’t fall on his sword and sacrifice himself for the incompetent liar in chief called ‘0’ as did hillary clinton; so somehow in some twisted way that becomes Petraeus’ fault.}

Senators demand White House declassify Libya video...
CIA OPS 'DENIED HELP' THREE TIMES DURING BENGHAZI...
Father of Slain SEAL: Who Made the Decision Not to Save My Son?

OBAMA DODGES DURING LOCAL TV INTERVIEW...

In Iowa, disappointment with Obama runs deep...

Iconic NY Steakhouse 'Gallagher's,' Which Survived Great Depression, Is Closing...

Taxpayer-funded 'green' company investigated for fraud...
AUDIT: Green jobs stimulus program had 16 percent success rate...
Over $60,000 in Welfare Spent Per Household in Poverty...

Historical treasures missing from National Archives...{Yeah…time to check Fort Knox, New York Fed ($4 trillion already previously has been reported missing).}

Romney signs, American flags torched in veteran's yard... { Terrorists at work for wobama! }
R 50% O 47%...
R 50% O 47%...
R 50% O 47%...

MI: O 47% R 47%...
DETROIT NEWS endorses Romney...

Wisconsin company announces layoffs ahead of Biden arrival...

October Sets New Record For Disability Claims: 8,803,335 Collecting Benefits...

SHOWDOWN! TEXAS VOWS TO ARREST UN ELECTION 'OBSERVERS' { Yeah, the u.n. has the stand-in role for the wobama/holder-protected black panthers as pro-o intimidators.} ...

Father Of Slain SEAL: Obama 'Could Not Look Me In The Eye...Like Shaking Hands With Dead Fish'...

Video snags Dem boss in vote fraud...
Son resigns...

'HE'S A BULLSHITTER'... { Yes, obama is an incorrigible b***s***ter! He’s gotten by on b***s*** and special nigger consideration his entire life. He is a total embarrassment! } ‘Four years after he was elected as a self-described 'hopemonger' promising a new post-partisan era, President Barack Obama is trying to claw his way to re-election with an ugly, divisive campaign in which he is playing the role of fearmonger-in-chief…’ { He’s a desperate, failed megalomaniac who is also a pathological liar along with other mental issues/troubles ( WH: 'We Decline to Comment' on When President Learned of E-Mails... ) Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }

Did the final presidential debate do anything to influence who you will support in ... NBCNews.com  { The following comment is correct. The other aspect is that people are seemingly pathetically ignoring that O’s last 4 years have been an abject, utter failure in spectacularly unprecedented fashion. A sad commentary on the state of the nation when such blatantly clear reality is ignored by so many, including those who should know better.} ‘Obama has told no truth in 4 years. He can't wave his hand and ignore sequestration. We need a leader not a liar. Romney is our only choice.’

O Booed at university's Military Appreciation Day football game...
RASMUSSEN: R 50% O 46%...
GALLUP: R 51% O 46%...
R 50% O 46%...
R 50% O 47%...
R 49% O 48%...
R 47% O 46%...
OHIO: R 48% O 48%...
MI: O 47% R 47%...
Fmr Dem Chair: CO 'Worst Swing State'...
Romney, Ryan draw massive crowds in Colorado...
GOP moves into Wisconsin...
Emails detail unfolding Benghazi attack on September 11th...
6:07 PM 9/11/12: 'Ansar al-Sharia Claims Responsibility'...

HE KNEW

Obama challenges press to find flip-flops -- and they do...
Woodward: President 'mistaken' on sequester...

Clint: 'Second Term Would be Rerun of First'...

Chicago Store Owner Labeled Racist For Anti-Obama Signs...
Police: Black Woman Lied About KKK Setting Her On Fire...

Obama Has Massive Lead -- in Other Countries...
TRUMP TO OBAMA: Release college, passport applications, I'll donate $5 million to charity of choice...
Goes bust on TWITTER...
ALLRED MET OBAMA TWO WEEKS BEFORE 'OCTOBER SURPRISE'
ALLRED HITS DEAD-END IN ROMNEY DIRT DIG?
2ND HEARING SET...

SURPRISE: Feds sue BANK OF AMERICA...

RASMUSSEN: R 50% O 46%...
GALLUP: R 51% O 46%...
POLLS: ROMNEY TAKES LEAD IN FAVORABILITY...

VIDEO: Romney Wins CBS Focus Group In Ohio...

With two weeks to go (feet to the fire), president releases second-term plan (Sounds like a … non-plan; after all, what has wobama ever said/promised in a campaign that’s come to fruition … right!… 0 as in zero as in O..bama) ...

STOCKS ROCKED: DOW -200...
Obama Supporters Continue Threats To Riot, Assassinate Romney... { Tweets Reveal Obama Supporters Fueled by ‘Racial Hatred’ Paul Joseph Watson | Chris Matthews gets it wrong again. (Indeed he does!) }
MSNBC crowd boos 9-year-old girl for supporting Romney... {Oooooh! Wobamanoids are so effective in targeting the ‘opposition’!}
Son Of WI State Senator Attacked Protecting Romney/Ryan Sign... ...
5-year-old girl raised by monkeys... [ Come on … leave wobama’s daughters out of this……….. my payback (Do not talk to President Romney that way!) for President 'insulted, patronized, mocked' his opponent... What can wobama say? He has but a record of abject failure to run on! And, the record IS unequivocally utter failure! All the choom fantasy, fellow nigger intimidation and threats will not change that fact! ]

GALLUP MONDAY: R 51% O 45%...

GALLUP: R 52% 0 45%...

CO: R 50% O 46%...

Image of Romney crops up in Iowa farm field...

Chavez, Castro, Putin ( among others in the ‘pro-america’ block ) endorse Obama...

ISSA TURNS UP HEAT ON SEBELIUS...

FABER: Cut US Govt. By 50% Now!

PAPER: Obama's Blind Eye to Illegal Donors...

Taxes go up in 2013 for 163 million workers...

Man busted for throwing pennies into Dem HQ; 'All he has left after being taxed by Obama'...
SIMON: Should Obama Resign Tonight?
International (pro-obama) monitors to watch US elections...
Obama Campaign Borrows $15M from Bank of America...
Gov't Foreign Debt Now $47,495 Per Household...
$10,090/Household Owed to China...
{ Nigger Terrorist at Work Mass Shooting At Brookfield Square Mall In Wisconsin Submitted by Tyler Durden on 10/21/2012 Breaking news of a mass shooting at the Azana Salon and Spa at the Brookfield Square Mall. Details still scarce but at least 4 people reported wounded and 3 more patients expected, emergency responders are on the ground, and the mall has been put on lockdown. The shooting suspect, who is said to have used a machine gun, is still at large. Updates via @USEmergAlerts: BROOKFIELD SQUARE | U/D SUSP BLACK MALE 6'1" 270 LBS. BALD. BROWN EYES U/D BPD RQST A MILWAUKEE SWAT TEAM & FLIGHT FOR LIFE IS ALSO LANDING AT THE NE CORNER OF BROOKFIELD SQUARE | UEA555 }

Son Of WI State Senator Attacked Protecting Romney/Ryan Sign... ...

REALCLEAR MAP: Romney takes first lead in electoral college...
Closing 26-point gap, Romney's favorability rating tops Obama's for first time...
PA SHOCK POLL: R 49% O 45%...
VA: R 50% O 47%...
FL: R 51% O 46%...
GALLUP: R 51% O 45% (10-19-12)...

Lifetime Democrat Lee Iacocca Endorses Romney...

Jesse Jackson Jr. may return to Mayo Clinic...
Off campaign trail since June, checks still paid to wife's consulting firm...
Has spent $110,000 since Rep dropped off...

CHICAGOLAND: Pack of Teen Girls Arrested For Armed Robbery...

GALLUP: R 52% O 45%...

PA SHOCK POLL: R 49% O 45%...

WELFARE SOARS 32% IN 4 YEARS...
Now costs $1,030,000,000,000...
Jobless claims rise most in 4 months...
Obama DOES Have Investments In Cayman Islands Trust...
... and has a bigger pension than Romney!
Under president, for every $7 brought in by gov't, $11 spent...
REALCLEAR MAP: Romney takes first lead in electoral college...

{ Any state that President Romney doesn’t carry is going to suffer! }

NC: R 52% O 46%...

OH: O 49% R 48%...
MI: O 44% R 41%...
WI: R 49% O 48%...
R closes 11-point gap in just two weeks...
O Brags About His Appeal Among Toddlers (sure…them among other young people who don’t understand how big a failure 0 is and how substantially he’s screwed them and the nation for years to come!)...

OBAMA ON COMEDY CENTRAL: 'WHEN FOUR AMERICANS GET KILLED, IT'S NOT OPTIMAL' [ 0’s such a joker/failure/joke! ]

Violent crime jumps 18%, first rise in nearly 20 years...

GALLUP: R 51% O 45%

DICK MORRIS: Romney won the second debate...
Threats to Assassinate Republican Romney Explode on TWITTER After Debate...

REPORT: White House contradicts president's statement on Benghazi terror attack...

Despite Pledge of Open Government, Obama Prosecuting Whistle-Blowers as Spies...

'When I Was President'... { Indeed, past tense for O and more than a Freudian slip as he heralds in new President Romney, writing on the wall though noit his teleprompter!
CAUGHT ON TAPE: Michelle O Broke Rules, Clapped During Debate...
'On Nov. 7, We're Going to Party Hard'...

U of Colorado Study: 77% likelihood Romney wins popular vote...

Record High Enrollment for Food Stamps: 46,681,833...

FOURNIER: Verdict Uncertain...
TREAT: Candy gives Obama 9% more time...
TRICK: Candy 'Throws the Flag'...
CANDYLAND: Romney was 'right in the main' on Benghazi, but 'picked the wrong word'...
Another debacle for America's media...
Reporters applaud Obama's slam on Romney's wealth...
Pelley: 'Most Rancorous Debate In History'...
'Nauesating'...

Reporters Get Drunk at Debate...
LUNTZ GROUP: BIG SWING...

A Frank Luntz focus group made up mostly of former Obama voters say they now support Mitt Romney.
"Forceful, compassionate, presidential," one participant said.
"Confident and realistic," said another.
"Presidential," another told Luntz.
"Enthusiastic," another reacted.
"Our next president," one man said.
"Dynamo, winner," said one more.
"He's lied about everything. He lied to get elected in 2008, that's why I voted for him. I bought his bull. And he's lied about everything, he hasn't come through on anything. And he's been bullshitting the public," one member of the focus group said.

Farrakhan's Fiery New Warning to USA: 'Every Plague Written in Koran is Going to Come to Pass'... { farrakhan’s really only talking about (all plagues rolled into) one plague; viz., the plague of the nigger which is extant despoliation wherever the niggers are, in the worst sense! Yes, they are the other, more nefarious black plague! }

Violent crime rises sharply... ‘6:53PM EDT October 17. 2012 - WASHINGTON — The violent crime rate went up 17% last year, ending a general decline in violence that began nearly 20 years ago, according to a new federal survey of crime victims.The Justice Department's National Crime Victimization Survey also found an 11% increase in the rate of property crimes, including household burglaries and car theft.’ { Come on! Perenially understated, these understated crime numbers don’t even take into account ‘protected/unprosecuted’ wall street frauds/crimes in the trillions. And, how about those fed paper bucks that ‘fell off the fed trucks’ even just recently; kind of like those 360 tons of $100 bills ($12 billion) flown into Iraq that just ‘disappeared into thin air, etc.. }

Driver Doesn't Stop For 8 Blocks As Men ( two niggers ) Viciously Beat Woman On Public Bus...

Greece faces anti-austerity shutdown as EU meets...
'In depression'...

GALLUP: R 50% O 46%

Ross Perot endorses Romney...

GALLUP: WOMEN TURNING AWAY (from MO O)...
'Stunning He's ( obama) in Politics, Because He Really Doesn't Like People'...
TONIGHT'S DEBATE 'DO OR DIE' FOR OBAMA...
Questioners Face $4,492 Tax Increase Next Year...

BUCK STOPS WITH ME: HILLARY TAKES BLAME...
Pins confusion on 'fog of war'...
Hillary Clinton to Obama in 2008: 'The Buck Stops In The Oval Office'...

Dem Political Signs Scaring Away Customers in VA...

Camp O attacks GALLUP again...
Jesse Jackson Jr. Speaks: 'Not well'...
Thought he was 'reincarnated chariot driver'...

Battery maker with $249 million in taxpayer cash goes bankrupt...

CEO touted 'green jobs' in Rose Garden...

STATE DEPT: Negotiations to keep troops in Afghanistan past 2014...
FLASHBACK: Biden: 'We are leaving in 2014. Period'...

GOV'T STUDY CONFIRMS 'GAYDAR' EXISTS, 60% ACCURATE... http://albertpeia.com/governmentwaste.htm
Coburn calls Senate cohorts biggest waste in government...

GALLUP: WOMEN TURNING AWAY { A new USA TODAY/Gallup Poll of the Swing States shows Mitt Romney with a lead among likely voters as he strengthens his standing with women in the nation's top battlegrounds. }

New Threats to Riot if Obama Loses Election... [ The threats alone are a reason sufficient for backing President Romney. If left unchecked, the nigger terrorists will be even further emboldened to their already egregious criminal, terroristic ways. No man, woman, or child will be safe if the lethal black cancer grows. The 4 years of O have been complete, utter failure and no amount of wobama b***s*** and nigger intimidation can change that fact! Quite simply, niggers are inherently criminal terrorists: Examples of what people are saying include the following;

“If obama dont get re-elected & romney wins .. on life every white persons getting pistol whipped and im startin a riot.” (SOURCE)

“If Obama don’t win lets start a riot so Romney know what he’s getting himself into.” (SOURCE)

“You know you ain’t shit if you gotta “MAKE” Mafukas vote for ROMNEY ! …. Mannnn OBAMA better get back in office . Or BLACK FOLKS will riot.” (SOURCE)

“If Romney wins im goin on a rampage.” (SOURCE)

“If Mitt Romney wins the election I think its our duties as Black folks to riot and fuck shit up.” (SOURCE)

“If every action IS met with an equal and opposite reaction ..what should workers do to employers if Romney’s elected? #Riot in the streets!!” (SOURCE)

“If Romney becomes president let’s all start a riot.” (SOURCE)

“I Heard Mitt Romney , Tryna Take Away Food Stamps , If He Do .”IMA START A RIOT , IMA START A RIOT.” (SOURCE)

“If romney wins, imma start a mf’n riot! Rns.” (SOURCE) ]

[ Will The Election Results Cause Massive Riots To Erupt All Over America?
http://theeconomiccollapseblog.com http://albertpeia.com/massiveriotsinamerica.htm { Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm } ]

Farrakhan warns forces trying 'to keep America white'... { Another nigger threat! }
CHICAGOLAND: For second time, grandmother learns a grandson is shot to death...
5 dead, 25 wounded over weekend... { Just another day in niggerland! }

Catholic Bishops Slam Biden Remarks...
REPORT: GM has lost $6.5 billion overseas since bailout...

Pelosi claims she read entire 2700 page Obamacare bill... { Riiiiight! And, just as Woody Allen quipped about having read War and Peace at (Evelyn Wood?) break-neck speed-reading pace, ‘it was about Russia’, so too can incompetent flake, not-too-bright pelosi say, it was about healthcare. }

Arlen Specter dies... { I’m glad he’s dead! He was a truly corrupt kike, going all the way back to the warren (fiction) commission to the present. He’s helped cause a lot of damage to this country! }

Shot Fired Through Window at Obama Campaign Office in Denver...
Will The Election Results Cause Riots?
WIRE: Do black people support Obama because he's black? { Do bears s**t in the woods? Is the Pope Catholic? Come on! Everybody knows that’s the case; and, surprisingly, those self-destructive losers who are white et als supporters of obama, in light of obama’s demonstrated 4 years of failure, must be doing so this time around for no other reason as well. How totally tragic and pathetic at once! }
Presidency 'has not helped cause'...
VIDEO: Dems joke they'll get enough votes to win -- even a couple of days late!

CAMPAIGN FREAKOUT!
OBAMA LOCK UNDER 10 STATES
As Election Day nears, Romney crowds are surging...

Geithner defends (indefensible) O as deficit again tops $1 trillion...

China's yuan hits record high against dollar...
BIG BANK SCORES RECORD PROFIT!
Fed Money Pumped It Up...
WYNN: My Employees 'Filled With Anxieties These Days'...
'Every Business Guy I Know Is Frightened Of Barack Obama'...
Biden claims he voted AGAINST two wars he voted FOR...
REPORT: 'Fast and Furious' Whistleblower Fired in DENNY's Parking Lot...
PAPER: Feds now probing suspicious activity in Rep. Jesse Jackson Jr. finances...

UPDATE: Hezbollah drone may have been sent to monitor Israel's nuclear facility...
Shot Fired Through Window at Obama Campaign Office in Denver...
Will The Election Results Cause Massive Riots To Erupt All Over America?
http://theeconomiccollapseblog.com http://albertpeia.com/massiveriotsinamerica.htm { Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence! http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

FLORIDA: R 51% 0 44%...
Biden, Ryan at each other on everything...
TENSE...
CNN POLL: R 48% B 44%...
Chris Wallace: I've never seen a candidate as disrespectful as Biden...
Borger: Came Off As Condescending...
Hume: 'Cranky Old Man'...
Noonan: 'The old man pushed, and the kid pushed back'...
Biden Interrupted Ryan 82 Times?
RNC AD: THE LAUGHTER...
REALCLEAR MAP SHOWS SHIFT...
OOPS: 'One large state didn't report some quarterly figures'...
SURPRISE: Jobless claims plunge...
Officials don't ID mystery state...
Biden contradicts State Department on Benghazi security...
Romney meets with Rev. Billy Graham...
'I'll do all I can to help you'...
Hungarian-born billionaire buys airtime to warn against socialism...
Carlos Slim, World's Richest Man, Gets Richer Supplying 'Obamaphones' To Poor...

R 49% O 44%
CAN HE GET THEM BACK?
10-11-12: Ryan prepares to take on Biden...
70 million watched VP debate in '08...
Commission dismisses Raddatz-Obama connection...
Conflict of interest?
Obama Defends Debate Performance: 'I Was Just Too Choomed Out, Nothing to Say'...
Campaign tries to quell panic...
Dems frustrated by 'Big Bird' turn...
Unions struggle to help...
Jack Welch: I Was Right About That Strange Jobs Report...
Ohio Obama Rally Features Rap Rendition of 'Sesame Street' Theme Song...
ROMNEY: 'You have to scratch your head when president spends week talking about 'Big Bird''... { Indeed! But, don’t scratch too hard; after all, what else can he talk about? He can’t talk about his record of unequivocal failure. He can’t talk about broken campaign promises (that would take ages). And, he can’t talk about solutions to the nation’s problems … because he has none which he has proven in 4 wasted, failed years. Moreover, wobama’s absolutely clueless as to what to do to solve the nation’s substantial problems, some caused/exacerbated by his own incompetence and failure. }
Mother of Slain State Dept. Official Tired of Being Lied To and Stonewalled by Obama Administration...
Spain Downgraded to One Level Above Junk...
PAGLIA: FORGET OBAMA, I'M GOING GREEN PARTY...
REPORT: 'Most sophisticated, professionalized and successful doping program that sport has ever seen'...
Teammates turn on Armstrong...
26 testify... { So much for the atheist armstrong; what a total fraud! Kind of like that other armstrong american fraud; the late, but not great, moony armstrong! }
CEO explains memo threatening layoffs if Obama re-elected...
FEDEX to cut thousands from workforce...
FACEBOOK Fought SEC to Keep Mobile Risks Hidden Before IPO Crash...
STATE DEPT SPINS NEW TALE ON BENGHAZI ATTACK...

POLL: Romney leads in 11 swing states...
Takes lead in OH...
PA, WI, MI close...
Biden Has Not Sat for On-Camera Nation TV Interview in 5 Months...
CEO Threatens to Fire Employees If President Is Reelected, Raises Taxes...
Chain Cuts Workers' Hours over Obamacare...
Steve Wynn Slams Obama: 'I'll Be Damned If I Want To Have Him Lecture Me'...
Ohio Obama Rally Features Rap Rendition of 'Sesame Street' Theme Song...
ROMNEY: 'You have to scratch your head when president spends week talking about saving 'Big Bird''...
PANIC: Romney signs in VA defaced, stolen and smeared with excrement...
VIDEO...**WARNING: GRAPHIC LANGUAGE**

GALLUP: 5-POINT ROMNEY BOUNCE...
PEW: 18-point shift among women...
POLL: Romney leads among independents 51-35...
'Enthusiasm' gap 13-point spread for Republican...
R closes gap in Michigan...
R 49% O 47%
University of Colorado: Updated election forecasting model still points to Romney win...
PAPER: Why Obama's campaign is falling apart...
SULLIVAN: SOS OBAMA
VEGAS REVIEW JOURNAL ENDORSES ROMNEY...
Romney casts Obama's foreign policy as weak, dangerous...
MILITARY TIMES POLL: R 66% O 26%...
BOUNCE: R 49% O 47%
8-point shift for Romney in Colorado...
Romney raises $12 million in 48 hours...
OBAMA RAISES $181 MILLION IN SEPT -- JUST 2% OF DONATIONS REPORTABLE...
Super PAC Donor on Obama: 'Looks Like He Took My Million and Spent it All on Weed'...
TEAM OBAMA BLAMES JOHN KERRY FOR DEBATE LOSS...
Man Tells Obama: Business 'Terrible Since You Got Here'...
NH voter: ‘O Couldn't run a lemonade stand'...
SNOOP DOGG TWEETS 10 REASONS NOT TO VOTE FOR ROMNEY...
'He a white n****'...
'Bitch I will beat the sh** out of you'...
Police Union Warns 'War-Like' (nigger-town) Detroit Unsafe For Visitors...
Hands Out Flyers: 'ENTER AT YOUR OWN RISK'...
GAS PRICES SET RECORD IN CA

Filling stations across state run out, shut down...
'What are they doing to us?'
Obama fundraiser with Katy Perry to snarl traffic...
REPORT: Intelligence officials accuse administration of 'cover-up' in Libya...
WHITE HOUSE POINTS FINGERS...
Email Shows State Dept. Rejecting Request of Security Team at Embassy...
34 security personnel pulled in 6 months before attack...
Boy writes letter to editor after shelter kills cat...
'Grown-ups killed my kitty'... To the editor: My name is Rayden. I am 8 years old and I live in Logan. Yesterday grown-ups killed my kitty, my best friend, when they weren’t supposed to. Because I really don’t know how to write, my PaPa is writing down the things I think and say. My kitty’s name is Toothless. When I got him I had just seen “How to Train a Dragon” at the movies. My kitty looked just like the dragon Toothless with big green eyes and the hair around his head. Toothless, my cat, has long fluffy hair and sleeps on my bed and loved to play with my brother and me. Toothless would let us carry him around all the time. He was our best friend. Last week he didn’t come in at night. Sometimes he does that, but this time he didn’t come back. After two days my little brother Devin, who is 5, and I went to every house on our street and asked everyone if they had seen Toothless our cat. Everyone said no. We were worried and scared something was wrong. On Wednesday after work my dad went to the animal shelter as it was closing. They didn’t want to let him in, but they did. He asked if there was a cat with long black fluffy hair there. They let my dad in to look at the cages, and there was Toothless! He was curled up laying in the back of the cage very scared. When my dad made his funny meow sound that he does to make him come home, Toothless jumped up and came to the screen and rubbed up against it and was so happy to see my dad, and he wasn’t scared anymore. My dad wanted to take him home, but they said he had to go to another office building and pay a fee. The lady at the shelter said it would be OK and told him to come back the next day and we could get Toothless. When my dad came home and told my little brother and me he found Toothless we were so happy and we weren’t scarred or worried anymore. My dad went back the next day to get our kitty and they told him they didn’t have any long-haired black cats. They only had a white fluffy cat. My dad waited a long time for the lady to come back and talk to him. The same lady that told my dad to come back the next day said she was sorry. She had forgotten to leave a note to tell the people my dad would be there for Toothless and they had just killed my cat that morning. She had just forgotten to write a note to save a member of my family. They killed him and I don’t know why. My dad found out where he had been picked up and it was our neighbors down the street that don’t like cats and dogs. They had caught him in a trap and gave him to the police to take him away. When Devin and I knocked on their door and asked if they had seen Toothless they told us no, and that was a lie. My dad and mom tell me and Devin not to lie and that is right. I didn’t think big people lied because they are grown ups and know what is right. Now I don’t know what to do. My cat Toothless is dead; the people that killed him didn’t even give him to my dad so we could bury him. What do I do now? Rayden Sazama Logan Editor’s note: Cache Humane Society Director Brenda Smith confirmed Rayden’s story that an animal shelter worker forgot to leave a note to halt euthanization of the Sazamas cat. { The shelter/city should be sued and the employees involved should be fired for cause! }

BOUNCE IN POLLS:
R PULLS AHEAD IN VA...
R +3 IN FL...
R +3 IN OH among those 'certain' to vote...
REALLY! 7.8%
Total employment 'highest one-month jump in 29 years'...
Welch: President manipulating numbers after debate performance...
BLS economists donate to Obama campaign?
Rate Plummets to 4.3% -- For Govt Workers...
Report met with suspicion...
ROMNEY: Rate more like 11%...
OBAMA: Can't turn back now...
SEPT. EMPLOYMENT: +114,000...
Aug. number revised to +142,000 -- from +96,000...
Welch: Obama manipulating numbers after debate performance... { There are some people (and their assessments) that you might dismiss as light-weight partisans… Jack Welch is not one of them! Indeed, among the rarest breed historically of exceptional american CEO’s, Welch points to the folly of preposterously a month before elections, on paltry/pathetic jobs numbers ( election year temp/part-time for manipulating stats along with the nebulous ‘stopped looking’ fudge factor) , following a disasterous debate showing (of wobama failure and incompetence), the unemployment rate falls to just below the ‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is tantamount to the obama 100% employment fantasy where literally everyone but him has stopped looking for work and hence, not counted in compiling the unemployment rate (and then those jobs in the millions lost and gone forever on his watch - what a banana republic!). Come on, wake up!: JACK WELCH: OBAMA IS MANIPULATING THE JOBS NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS AWFUL…UNBELIEVABLE JOBS NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T DEBATE SO CHANGE NUMBERS. }

O NO: CLINT WAS RIGHT!
Leno: 'Only Person Who Didn't Tune In Was Obama'...
Campaign aides 'shell-shocked'...
Man Tells Obama: Business 'Terrible Since You Got Here'...
NH voter: 'Couldn't run a lemonade stand'...
Deficit Tops $1 Trillion for 4th Year...
California Refiners Ration Gasoline...
L.A. stations run out, close pumps...
Gas Prices Likely to Rise Through Election...

SKYFALL
RATTLED, O GOES ON ATTACK...
BUCHANAN: Romney: Best debate performance in 52 years...
John Sununu calls Obama 'lazy and detached'...
FLASHBACK: 'There's a laziness in me'... { Of course O’s lazy…niggers are lazy…that’s just the way they are…don’t blame the niggers, they were born that way! And, what about the audacity of wobama the b for b***s*** talking about specific plans by President Romney when wobama’s ‘plans’ last b***s*** campaign, from war (continued) to prosecutions of the big wall street frauds (none) to cutting the deficit (actually increased in record fashion), etc., etc. were meaningless b***s*** when measured by what he did (zero)….Just like a nigger! When are people going to awaken to the reality that obama’s just total b***s*** without the slightest clue as to how to achieve results through work/performance, and is too lazy to really care! }
Was Obama rattled by developing donor scandal story?
BIDEN: 'Yes, We Do' ...
Keept away from press...
AARP to President: Don't mention us again...
67 MILLION: RATINGS JUMP FOR DEBATE...
15 million more than '08...
Left-Wing Websites Reject Obama Ads, Say Campaign Undercutting Them By Working With GOOGLEAOL...
Harry Reid makes up quotes in another attack on Romney...
NYT: 'President Xanax'...
Lost, bewildered without teleprompter...
Gas prices in CA hit record highs...
Supply shortages shut pumps...

ROUND WON: Romney Seized Offense in Debate...
You Were Fighting For Obamacare, Not Jobs...
'The Path We’re Taking Is Not Working'...
FOURNIER: Cursed Obama Falls...
MSNBC MATTHEWS: 'What Was He Doing!'
Cutter takes swipe at Lehrer...
Carville: 'Romney came with a chainsaw'...
Andrew Sullivan: 'This was a disaster'...
UH O
Lost, bewildered without teleprompter...
CNN POLL: Romney Annihilates...
Van Jones: 'Was Able To 'Out-Obama Obama'...
LEFT TURNS ON O...
CA gas prices set to spike...
Man beaten, robbed -- inside grocery store!
Another sex scandal rocks Detroit...{ Was she the sex lackey of Detroit Blacky? …'The chief of police exceeded his professional status,' David Robinson said. }

NATIONAL JOURNAL SHOCK POLL: R 47% O 47%...
BIDEN: Middle class has been 'buried' during Obama's presidency...
New Model to Predict Unemployment Sees Rate at 8.1%...

POLL: 43% of voters certain they will vote for Romney. 42% certain they will vote for Obama. Remaining 15% either uncommitted or open to changing mind.... MORE...

POLL: Doctors choose Romney...
DENVER BRONCOS John Elway Endorses Romney...
CNN poll magically tightens as calendar turns...
PAPER: Obama will need all the luck that he can get...

RYAN: We Are Seeing Obama's Foreign Policy 'Unravel on Our TV Screens'...
'Holder must go' over Fast and Furious...

Hundreds line up for $1.84 gas in Michigan in Anti-Obama Stunt...
2012 DEBT SURPASSES 2011...
Huge tax increase looms at year-end 'fiscal cliff'...

Jobs Outlook Weak as Companies Reporting Cost Cuts...
REPORT: Recovery faster for immigrants than US-born workers...
U.S. MILITARY DEATHS IN AFGHANISTAN HIT 2,000....
AFGHAN SOLDIER KILLS 2 MORE AMERICAN TROOPS...
Biden Misstates Number Of Fallen Heroes...
Military absentee ballots going AWOL in 2012...
REPORT: 1 million Ohioans have 'Obama phones'...
RYAN WARNS: 'We need to tackle challenges before they tackle us'...
Dollar Falls Most in Year...
UNIVISION report connects 'Fast & Furious' to murders of 16 Mexican teenagers...
NETWORK FINDS 57 UNREPORTED WEAPONS...
VIDEO **WARNING -- GRAPHIC**...
RYAN: 'Holder must go'...
Jets owner: I'd rather Romney win -- than the Jets!
OCTOBER 1: OBAMA APPROVE AT 47%
POLL: O 49% R 47%...
POLL: O 49% R 47%...
Eurozone hits record high unemployment...
18.2 million jobless...
'INEVITABLE NEW RECESSION'...
One in 10 EU workers missed work for depression...
26% in UK diagnosed...
Greek youth unemployment hits 55%...

Top Five Worst Obamacare Taxes Coming in 2013...
Romney: Debates a Clear Path to Voters...
'We're going to win Pennsylvania'...
SHOCK POLL PA: O 47% R 45%...
Leno Turns: 'We Wasted Four Years Waiting For Obama To Do Something About The Economy' { Yeah, Jay! } ...
HOUSE CHAIRMAN CALLS FOR AMBASSADOR SUSAN RICE'S RESIGNATION...
JAY-Z: I'M WITH OBAMA CAUSE HE'S BLACK...
CHICAGOLAND: Black Gang Member Tells Reporter, 'There Is No Solution To The Violence; Killing Is The Solution'...
Member of 'Obama Boyz' gang charged in St. Louis shootings...
Riots Between Black, Latino Students Break Out At CA High School... { Yeah…Latinos not taking the typical s*** from the niggers! }

MITT DEBATE PLAN: CALL OUT OBAMA LIES... { The question is, do they have enough time to air all; so many lies, so little time! }
GDP revised down to 1.25%...
Durable orders drop 13.2% -- 'worst since recession'...
SANTELLI: 'Depressingly weak'...
Census: Americans' Incomes Have Fallen $3,040 During 'Recovery'...
OBAMA HAS MY VOTE, HE GAVE ME A FREE PHONE...
SEIU Paid Protesters at Romney Cleveland Rally...
'$11 an hour'...
UPDATE: 3 ( yes, 3 niggers) arrested in vicious beating on Capitol Hill (Do white/yellow/brown people for O have a death wish? After all, he/holder have protected the violent, anti-white black panthers)...

DICK MORRIS: Romney 'Pulls Ahead'...
Romney: 'Pleased With Some Polls, Less So With Others'...
Romney pays tax rate 'higher than what 97% of Americans pay'...
SURVEY: 55% Of Small-Business Owners Would Not Start Company Today, Blame Obama...
Sebelius to hit campaign trail again -- after breaking election law...
Solution To Michelle Obama's new school lunch menu: SNACK! { Riiiiight! There you go! After all, chimps literally spend all day foraging for munchable snacks in the wild. But, if you’re not a chimp of leisure as moochelle, or just not a chump and busy with other things, ‘three squares’ will just have to do as they always have! }
Post Office Prepares for Second Default in Two Months...
Romney: President Doesn't Want People To Know What Happened In Libya...
Libyan president: Anti-Islam film had 'nothing to do with' attack...
Honeymoon Over as Markets Brace for Volatile Times...

Health Premiums Up $3,000; Obama Vowed $2,500 Cut...
Ralph Nader calls president 'war criminal'...
OBAMA PROCLAIMS FIGHT AGAINST 'SLAVERY' { Desperate nigger desperados playing the familiar nigger card! Send them back to sub-saharan Africa! }
2012: MICHELLE TALKS SLAVERY, SEGREGATION...
'Back when our great-grandparents were riding that Underground Railroad'...
Madonna (the ‘black hand italian’ who stups niggers) threatens to strip naked if Obama re-elected...
Vote for the 'Black Muslim in the White House'...
COMPLAINTS MOUNT AGAINST MICHELLE O'S NEW LUNCH MENU...
'WE ARE HUNGRY'... { Such a diet is based upon her own innate proclivities and projection: ‘…Chimpanzees prefer fruit above all other food items and will even eat them when they are not abundant. It will also eat leaves and leaf buds. Seeds, blossoms, stems, pith, bark and resin make up the rest of their diet…’ }
Senators to Hillary: Show us murdered ambassador's cables...
Libya tense after death of man who caught Gadhafi...
...calls for vengeance
GOP recalls Obama's earlier victory lap...
iPhone muggings up 40% in NYC...

PAPER: Don't believe hype on US 'recovery'...
Pennsylvania Shock Poll: Obama 47% Romney 45%...
FLORIDA POLL: O 48% R 47%...
Veterans retreating from president...
DICK MORRIS: Why The Polls Understate Romney Vote...
Romney Releases 2011 Tax Returns; Paid $1.9 Million on $13.7 in Income...
...donated $4,020,772 to charity
Voluntarily paid more than required...
Harry Reid avoids prior claims...
'TIME TO SHOW YOURS, HARRY'
Zuckerman: Obama Campaign 'Divisive and Dishonest'...
POLL: Distrust in Media Hits New High...
Biden on college cheerleaders: 'The stuff they do on hard wood, it blows my (lobotomized) mind'...
WHITE HOUSE STORY ON LIBYA FALLS APART...
100 DAYS UNTIL LARGEST TAX HIKES IN HISTORY... http://albertpeia.com/taxmaggedon.htm

FIRST SERIOUS INTERVIEW: O PRESSED ON FAILURES BY UNIVISION
Romney: Obama's New Slogan 'No, I Can't'...
GALLUP: O 47% R 47%...
Median Income In OH Hits 27-Year Low...
Obama still blames video for Libya attack?
Ramos Rips Away...
'YOU DID NOT KEEP YOUR PROMISE'...
Shouldn't you 'fire' Eric Holder?
Student asks president for advice -- on how to find a job!
PAPER: 'THE OBAMA YOU DON'T KNOW'...‘…But beyond the spin and the polls, a starkly different picture emerges. It is a portrait of a man quite unlike his image, not a visionary reformer but rather a classic Chicago machine pol who thrives on rewarding himself and his friends with the spoils of public office, and who uses his position to punish his enemies. Peter Schweizer captures this other Obama with a bracing statistic in his book "Throw Them All Out," published last year. In the Obama economic stimulus program's Department of Energy loans, companies owned and run by Obama contributors and friends, like Solyndra's George Kaiser, received $16.4 billion. Those not linked to the president got only $4.1 billion. The Energy Department is far from the only federal program in which favoritism has heavily influenced federal grants. To paraphrase Tammany Hall's George Washington Plunkitt, Obama has seen his opportunities and taken them, over and over. - Mark Tapscott / Executive Editor’
Republican senators decry 'useless, worthless' Clinton briefing...
Lewinsky set to reveal Bill Clinton's sex secrets in tell-all book...
'Worst nightmare'...
OBAMACARE TAX TO HIT 6 MILLION
MOSTLY MIDDLE CLASS
RASMUSSEN SWING STATES: R 47% O 46%...

POLL CONFIRMS ROMNEY: OBAMA HAS 47%... { Yes…and the really tragically sad part of that reality for america is that it’s a strategy of theirs, making americans dependant on the government (for food, protection from bogus, self-created/induced bogey men/terror, protection from warranted prosecution as with the largest frauds on wall street, corzine et als, mf global etc.); and not just the poor; viz., ie., the frauds on wall street and their contraindicated QE entitlement along with protection from prosecution for their huge frauds, etc… }
Tax Compliance for Obamacare: 80 Million Hours...
O: 'I ACTUALLY BELIEVE IN REDISTRIBUTION'
Analyst: Fed's 'QE-Infinity' Will Push Gold Up to $2,400...
Mortgage Lending Slides to 16-Year Low...
WSJ: The Data Behind Romney's Comments...
REPORT: Median Income Worse Now Than During 'Great Recession'...
'Unprecedented' Jump in Food Stamps...
8,786,049: Yet Another Record for Americans Collecting Disability...
16 people working for each person collecting..

US credit rating downgraded -- again...
PUMPING BLAMED...
CASH FOR BANKERS: Fed risks political fallout...
Faber: If I Were Bernanke, I Would Resign... { Yeah…but you’re not ‘The Rain Man’ … he’s comfortable there … He’s not insane according to Einstein’s definition; viz., doing the same thing over and over and expecting a different result … He’s just … ‘The Rain Man’ (Doesn’t burnt out bernanke remind you somewhat of Dustin Hoffman in portraying the character of the same name/film? If only he could count like ‘The Rain Man’.) }
Gas Prices More than Double Under Obama: $1.84 to $3.85...
Kids Question Michelle: Where Will They Move When President Loses?
'FULL-BLOWN CRISIS'

ELECTION MANIPULATION: NEW PUMPING BEGINS!! { This is an especially great opportunity to sell this suckers’ market/take profits! Nothing’s been solved! Just because ‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember that ‘no recession call’ of his; and, of course, no QE before the election, prospectively, already discounted many times over by the ‘markets, such as they are, ie., algo buy programs, etc.. ). All this and now ‘whatever’ is too little and too late for the uss Titanic which has taken on too much, not water, but b***s***. This was a desperate move, bespeaking desperation.The fact is things are ominously so bad, and worse than ‘allowed’ to be seen for the moment, that something as this QE which is economically and financially contraindicated and a proven failure for all but the frauds on wall street along with their cohorts including desperate politicos, is resorted to in desperation to divert attention from their unequivocal failure. After all, though having cost so many americans their jobs with wrong calls and policies, bernanke is trying to save his own by inflating the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama rehired failure bernanke, President Romney would have fired, and will fire him … goldman sachs knew this dollar debasing failed policy QE 3 would come and at the expense of the muppets…that’s their term for all you suckers). I further believe this contraindicated largess to the frauds on wall street is to preserve his post fedship tenure job possibilities by ingratiating himself even further with those nefarious, self-serving interest groups. }

Romney Calls Obama Response: 'Disgraceful'...
Muslims Attack US Embassies...
Mobs with guns and rocket-propelled grenades...
FLASHBACK: Hillary Clinton boast on Gaddafi: 'We came, we saw, he died'...
PROTEST: $9 gallon for gas in NY and NJ...

Median income lowest since 1995...
Lower class grows...
Why did Obama use N-word to describe his grandfather?
Suspected Bank Robbers Toss Cash Out Window During Police Chase...
VIDEO... { A neighborhood nigger in response to a reporter lauded the criminal acts of the armed niggers saying they brought cash into the neighborhood where (other niggers) ‘people’ are hurting. Isn’t that among the typical rationalizations that underlie every dastardly deed perpetrated by the uncivilized niggers? The niggerized DOJ under holder/obama similarly finds ways to rationalize not prosecuting as promised; ie., biggest frauds on wall street, mfglobal/jon corzine, defense of and protection for black panthers, etc.. How can people wonder why this nation’s crumbling? }

ROMNEY: 'Forwarned' is better than 'forward''... { Sampling some of the network talking head roundtables over the weekend I was astounded how many wobamanoid apologists talked up the dismal, paltry private jobs, many part-time or low-pay, without mention of the record insurmountable $5 trillion increase in the deficit to create them for the purpose of obfuscating wobama’s blatantly failed performance as potus. Such people, either so partisan, so unschooled in the relevant disciplines, so ill-prepared for the journalistic task entrusted to them, literally have no defendable place in the field of real journalism and are an embarrassment to all that journalism purports to be. }
DICK MORRIS: Obama Thugs Rough Up GALLUP For Polls They Don't Like...

POLL: O 49% R 45%... reuters/ipsos – the socialist/communist pollsters…they have a lot at stake…look at their socialist europe and left-leaning city bases. Their polls can’t change what already is!
DEMS SOFT ON WALL STREET CRIMES...
FLASHBACK: CARTER +4 OVER REAGAN IN SEPT 1980 [+8 IN OCT]...
FLASHBACK: DUKAKIS +17 OVER BUSH AFTER DNC 1988...

DICK MORRIS: Advantage Romney...
REPORT: GOV'T MOTORS LOSES $49,000 ON EACH CHEVY VOLT...
'The Democrats' GM Fiction'...
Pentagon buys hundreds to 'green up' military...

8.1%
+96,000
368,000 DROPPED OUT
88,921,000 'NOT IN LABOR FORCE'
Milbank: Demigod falls to earth... { After four years of unbridled, unfounded, blind faith in and defense of wobama the b for b***s***, it truly makes my heart soar to see Mr. Milbank finally walk into the light! Indeed, David Bowie (Nicholas Roeg’s ‘Man Who Fell to Earth’), wobama is not; not that even David Bowie could have siphoned/drained the vote as did grifter/conman/parasite obama. Yet, it cannot be denied that nobody, no news organization, not even a government agency did their homework in vetting this complete and utter fraud called ‘barack obama’! } ‘…After a couple of nights at the Time Warner Cable Arena, the convention was to have closed with President Obama’s acceptance speech at the Bank of America Stadium, where convention officials were planning to squeeze nearly 6,000 seats onto the field to expand the stadium’s capacity beyond its usual 74,000. But the speedway event was canceled — ostensibly because of logistical problems but more likely because convention fundraising was running low. Then the Democrats canceled the stadium event in favor of the smaller arena — ostensibly because of “severe thunderstorm” concerns but more likely because they couldn’t be sure enough people would come to fill the stadium.In fact, the forecast hadn’t called for severe weather, and conditions were fine Thursday night. The change caused thousands to be turned away, and the crush of crowds at the arena led authorities at one point to lock down the building for a second straight night – leaving some delegates on the street while lobbyists enjoyed the proceedings inside…’
CLINT SPEAKS: Obama 'greatest hoax ever perpetrated on American people'... { I think Clint is too kind in euphemistically referring to and characterizing wobama as merely a hoax as opposed to the indisputable fraud, grifter, conman that obama most certainly is! }

White House to miss deadline for report on 'fiscal cliff' budget cuts...

O: I'M NOT DONE YET { He’s done! }

NOONAN: 'Stale and empty... he is out of juice'...
OBAMA HAMMERED IN FIRST REVIEWS...
FROM THE LEFT: TOMASKY: Pedestrian and Overconfident...
FROM THE RIGHT: KRAUTHAMMER: 'One Of The Emptiest I Have Ever Heard'...
AP: Obama and the phantom peace dividend...

'VOTE BLACK'/‘VOTE NIGGER’ BUTTONS HIT CONVENTION HALL...

Bob Woodward book leaks... Developing...
Debt Deal Collapse Led to 'Pure Fury' From Obama...
Explosive mix of dysfunction, miscommunication, and misunderstandings...
Pelosi 'reached over and pressed mute button on her phone' as Obama talked... MORE

WOODWARD: White House so stunned by 2010 GOP triumph, it didn't even have Boehner's phone number...

Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }

Poll: R 48% O 44%

RASMUSSEN: ROMNEY 47% OBAMA 44%...
GALLUP: ROMNEY 47% OBAMA 46%...

Dem Gov.: We're Not Better Off Now...

GALLUP: Obama Job Approval Drops to 43%...
PROTESTERS VOW BIGGER CROWDS IN CHARLOTTE...
'Occupy' encampment re-opens near Dem convention...
DNC security rules trigger free speech worries...

KING: Obama presidency has been time of deep Dem decline...
Frustrated union leader throws empty chair...

RECORD-HIGH LABOR DAY GAS PRICES GREET DEMS IN CHARLOTTE...

RYAN: President 'running campaign based on envy and division'...

GOP launches 'Obama Isn't Working' message...

SUNDAY: Dem Gov. -- We're Not Better Off Now...
MONDAY: 'We're Clearly Better Off'...

BIDEN: 'If It Weren't So Hot I'd Go Into Detail'...

Debt to hit $16 trillion just as party gavel in convention...
Dems to bus in black church members from SC...
ID required to attend...

'GODFATHER' TO CUT DNC TRIP SHORT...
Chicago schools brace for strike...

'GOD' LEFT OUT

Dems Drop 'God' From Party Platform...
REUTERS PHOTO DEPICTS HARRY IN HELLFIRE...
Endorse taxpayer-funded abortions...
DNC Video: 'The Government Is The Only Thing We All Belong To'...

ABCNEWSWASHPOST POLL: Obama personal popularity fading...
Women Turning...

DEBT TOPS $16T...
$136,249 Per Household...

FOOD STAMP USE CLIMBS TO RECORD 46.7 MILLION...

Key SOLYNDRA figure 'ran for exit' after seeing ABCNEWS cameras on DNC floor...

UPDATE: Obama gives himself an 'incomplete' grade...
POLL: Just 40% say he deserves second term...

POLL: Less Than Half of Army Officers in Afghanistan Report High Morale...

Panicking Spaniards Pull Out Cash, Leave Country...
Depression, Suicides Rise as Euro Debt Crisis Intensifies...
MOODY'S Changes Rating Outlook to 'Negative'...

COPS: Mother Forces 10-Year-Old Boy To Rob House... { Shafique (black) and her son ran away but Lynnwood police arrested her. They found a stolen laptop and crack cocaine. }

Gasoline To Hit Labor Day Record Price...
University of Virginia Declines Obama Campaign Request...
EX-NFL GREAT TO BLACKS: SAY NO TO OBAMA...
70% of Obama's 19 million TWITTER followers fake...
CHICAGOLAND: 13 shot in 30-minute span...
FLASHBACK: Obama -- 'Chicago Is Example of What Makes This Country Great' { Wow! Talk about choom fantasy… unless you’re a fan of…Al Capone! } ...
FOXNEWS POLL: Romney Pulls Into Lead...
Republicans eye return to gold standard...
Romney Reiterates He Would Replace Bernanke...
Analysis: Incomes Fall More Under Obama...
Big Loss for Those Near Retirement...
USA $20 trillion in debt by 2016...

FABER: Odds of Global Recession Are 100%...

GALLUP: Romney edges Obama...

'RUDE' BUT TRUTHFUL PICTURE OF TELEPROMPTER OBSCURING OBAMA’S FACE FROM REUTERS PHOTO RAISES EYEBROWS...

Texas Judge Preparing For 'Civil War' If Obama Re-Elected...

ROMNEY: President 'Has Tried To Substitute Government For Free People'...

PAPER: THE LEFT HAS BEEN TOO KIND TO OBAMA...

Postal Worker's Vacation Halts Mail In Jersey City, NJ...

TINA FROWN! { Newsweek on wobama’s failed presidency – Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }
GALLUP: ROMNEY 47% OBAMA 45%
ROMNEY: Time to Audit the Fed...

GAS PRICES SET RECORD...
Poll: Not better off now than in 2008...

SHOCK POLL: Romney beats Obama in Chicago suburbs...
SPIKE IN ARMED ROBBERIES, SAVAGE BEATINGS ON CAPITOL HILL...
Crime jumps 64%...
NOONAN: If Biden Were Republican, Topic Would Be 'How Stupid Is This Person?' { Well, in fairness, a distinction is carved out for Lobotomy Joe who really did have part of his brain surgically removed! } FACEBOOK FALLS TO HALF OF PUBLIC OFFERING PRICE...
No Horses, But Detroit Water Department Employs 'Horseshoer'...
BOOK: Obamacare designed to unionize 21 million health care workers...
Increases costs of hip, knee replacements...
O STICKING WITH LOBOTOMY JOE!

MSNBC Host: Romney Engaging In 'Niggerization' Of Obama { Well, if the shoe fits…and the shoe fits only too well for jive-talking, b***s***, grifter/fraud wobama, who has actually accorded protection to the black panthers who have threatened whites as matched with dasterdly deeds of violence by blacks against all other races! MSNBC said it, and truth be told, it doesn’t take much to see it in light of the fact that wobama’s just a typical jive-talking, incompetent, b***s*** nigger! }...

ROMNEY, RYAN PREPARE FOR ASSAULT ON OBAMA'S SPENDING...
U.S. Foreign Debt Hits Another Record...

Democrats' nerves start to show...
VA BAKER SAYS NO TO BIDEN STOP...
Secret Service buys cupcakes as thanks...
Customers flock in...
'OBAMA CAN KISS OUR A**'...

HOW LOW WILL IT GO? FACEBOOK STOCK PLUNGES...
Has lost half of value...

JULY DEADLIEST MONTH OF 2012 FOR TROOPS...
ARMY SUICIDES SET RECORD...
FBI: Federal court clerk sold secret info to L.A. gangsters...

New Jersey unemployment rate at 9.8%, highest since 1977...

REPORT: GM's European failure will prompt second Obama bailout...

CHICAGOLAND: City Worker Caught Stealing 500 Feet Of Copper -- Off Midway Airport Runway!

Ecuador grants WIKILEAKS founder asylum...
40 police surround embassy...
U.S. denies pushing arrest...

Obama defends Biden on 'chains' comment...

HE DID IT AGAIN: LIVING IN WRONG CENTURY!
REPORT: Obama has 22 days to drop Biden from ticket...
VIDEO: Biden Refers to Ryan as 'Governor'...
Now Social Security Administration To Purchase 174 Thousand Rounds Of Bullets!

Hypersonic aircraft crashes seconds into military test flight...

Thousands of Federal Retirees Get Six-Figure Pensions...

CHICAGOLAND: 50,000 line up for Obama amnesty program...
Labor Dept. Attempts to Stop Layoffs by Giving $100 Million to States, Subsidize Payrolls...

VIDEO: Biden Imitates Sign Language Lady… [ I’m quite serious when I say lobotomy joe biden had part of his brain removed… he literally had part of his brain surgically removed…his nonsensical outbursts are symptomatic of lobotomies generally…] ...
Wonderment Whether Biden Has 'Mental Capacity' for Presidency...
VP says 'We can win North Carolina' -- while campaigning in Virginia...

New Black Panthers to RNC: Our 'Feet Will Be On Your Motherf***ing Necks'{ Listen to these uncivilized, dumb niggers! This is typical nigger talk and predisposition to criminal action/violence! How can whites et als self-destructively embrace the niggers? Niggers are beasts of burden and burdens wherever they are. There are few physical tasks they do well and even fewer of said available tasks relative to their populations to make a difference. They are a near complete washout in non-physical tasks, are too costly and are bad workers, unproductive generally to employ and not worth the enormous cost and trouble. The very scant few exceptions are statistically insignificant. Niggers belong in jails where they can commit no crimes in general society; plus there’s the savings thereby on their invariably wasted welfare, programs in addition to their predisposed crimes on the outside…It is far cheaper to jail them which is best for civilized society (look at their off the charts crime rates, and that’s only those that are caught! They’ve literally destroyed cities as is so wherever they are in concentrated numbers. These are indisputable facts/truths that civilized societies/governments can no longer afford to deny.) } ...

REPORT: Ill. state workers forced to attend Pelosi, Jesse Jackson Jr. event on taxpayer dime...
Buchanan: 'Obama has steadily diminished both himself and the office he holds'...
Campaign admits knowing story behind flawed PAC attack ad...

UPDATE: Postal Service Posts Big Loss as Cash Runs Low...
UPDATE: Jesse Jackson Jr. being treated for bipolar disorder... { Mayo Clinic: Jackson has bipolar depression }
SPIRITS SPEAK TO PELOSI ( Riiiiight! And they keep telling her… ‘bankrupt america…bankrupt america…bankrupt america’….she believes them, tries her best to comply, and follows their advice! Meanwhile, by way of séance, hillary getting the message…’more world strife…more world strife…more world strife…’ and she’s complying! Not to be left out of democratic party stratagems, wobama’s been seen sticking pins into a doll that bears an uncanny resemblance to President Romney… If only they had a real strategy and knew what they were doing! ) ...
Over 100M in America on Federal Welfare...

Gingrich Warns: Obama 'direct threat' to my grandchildren's future...

BOOK: Blago claimed $25,000 channeled to Obama...

Miami Cannibal Victim's First Interview: 'He Just Ripped Me To Ribbons. He Chewed Up My Face. He Plucked Out My Eyes'...

WHO NEEDS CONGRESS? (Not wobama the dictator!) Obama Considering Executive-Branch Action on 'Internet Security'...

Nearly half of long-term U.S. immigrants are on welfare...

$5.2b in fraudulent tax refunds to immigrants...

OBAMA (who plays his 104^th round of golf as potus) POPULARITY SOARS -- IN NIGGERTOWN DC!

Plays 104th round of golf (as nation flounders)...
HARRY REID HELPS CHINESE SOLAR FIRM REPRESENTED -- BY HIS SON!
PAPER: It's time to fight back against Dirty Harry...
Wife: Rep. Jesse Jackson Jr. getting treatment but 'still very depressed'...
Ethics investigation continues...

BIASED MEDIA BASH: 86% of Romney coverage NEGATIVE... { Friday Humor: (obama last campaign) "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Wow! The only explanation might be they’ve been duped by wobama along with the rest of the nation and are too embarrassed for not doing their reasonably expected due diligence on grifter obama and just won’t own up to the reality of the fraud called wobama! Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … ) Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm [ the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’] }

Boehner: Obama has 'never even had a real job, for God's sake'...
O BRINGS BACK TELEPROMPTER...
REPORT: Warnings ignored in Solyndra loan...
STOCK IMPLOSION HITS CA TAX REVENUES...

San Bernardino files for bankruptcy...
Vacant Detroit becomes dumping ground for the dead...

House urges Obama to fight UN web regulation...

Union leader strives to ease president's 'white guy problem'(insanely seeks a place in the blackpeoples’ pot-they ‘love’ that white meat)...

COPS: Teen Stabs Man 22 Times After Online Xbox Chat Turns Sour...

REPORT: White House scrambles to prevent defense cut pinkslips before election...
Chicago: 'The Deadliest Global City'...
POLL: ROMNEY PULLS TO 5 POINT LEAD...
Court Finds Obama Appointees Interfered with New Black Panther Prosecution...
UPDATE: Jesse Jackson Jr. at Mayo Clinic for depression...
REPORT: Obama's 'You didn't build that' gaffe won't bring back teleprompter...
Gorilla in zoo hangs himself...
CAMPAIGN RATTLED...
Barack Obama Sr: 'Nothing Stopping Gov't From Taxing 100% Of Income'...

POLL: Less than half of voters think president is Christian...

ROMNEY MOVES INTO LEAD AT GALLUP, RASMUSSEN...
USATODAYGALLUP POLL: Romney preferred over Obama to handle economy...

It's Official: 5 Straight Years of $1 Trillion Deficits!

OBAMA CAMPAIGN RUNS DEFICIT IN JUNE...
Spent $2.6 million -- on polling?
Paid $93k for Half-Empty Stadium Kick-Off Event...

US poverty on track to rise to highest since 1960s...

CHICAGOLAND COPS: Teens kill man in 'knock 'em down' game...

Former SEAL Team Six Commander Launches Anti-Obama Offensive...

'IT'S A FAKE'...
Sheriff Joe's Obama probe finds 'national security threat'...
Calls Congress to move on eligibility...
VIDEO: 'Every document surrounding Obama plagued with problems'...

NEXT: Compton, CA, may declare bankruptcy...
3-Year-Old Mugged in NYC...
3-year-old boy mugged -- while sitting in stroller!
Thieves Stripping Air Conditioning Units For Freon To Get High...
HORROR: Naked, Blood-Soaked Man Breaks Into 2 Homes, Kills Elderly Woman... { http://albertpeia.com/anothertypicalblack.htm Do americans feel they deserve such a fate at the hands of the uncivilized wobama blacks }
COPS: Woman Kept Friend's Corpse In Armchair For 18 Months, Watched NASCAR With It...
'He Was Only Guy Who Was Ever Nice To Me'...

FLASH: Rep. Jesse Jackson Jr. 'in Rehab'...
'Persistent sleep disorder'...
Has Been Under investigation by House Ethics Committee...
NYT: His Father's Son...
Chicago police sergeant: 'Tribal warfare' on streets...
Comparable to Iraq, Afghanistan...
WAR DRUMS: USA moving dozens of underwater craft to Persian Gulf...
TOURISM PLEA TO GODFATHER: Violent crime wave must be defused...
Algorithms now 'writing' articles for newspapers and websites...
SALES TAX IN SPAIN JUMPS TO 21% { That’ll work! }
Jon Voight defends Brad Pitt's mom after death threats for anti-Obama letter...
UPDATE: Closure of Border Patrol stations across 4 states triggers alarm...
REPORT: People losing homes for as little as $400 in back taxes...
NAACP Requires Photo ID to See Holder Speak in State Being Sued Over Voter ID (they’re such b***s***/hypocrites)?
GODFATHER UNDER FIRE AS MURDER RATE SOARS...
Chicago Mayor Appeals to Gangsters' 'Values'...
'Don't touch the children'...
RADIO STATION REPORTS REP. JESSE JACKSON, JR 'ATTEMPTED SUICIDE'...
Questions mount...
NAACP goes wild for Eric Holder...
'O: This Will Be My Last Political Campaign No Matter What'...
GALLUP: APPROVE SLIPS TO 44%...
POLL: US CHANGED FOR THE WORSE UNDER OBAMA ...
Boehner: Voters Need Not 'Love' Romney...
Man Who Introduced Obama At Rally Owes $500,000 To Former Employer...
'We sort of ran out of money'...
Obama campaign threatens donors: 'We could lose if this continues'...
Obama uses 'I' and 'me' 117 times in speech...
'Delirious' Blood-Covered Naked Man Selling Candy Kills Motel Worker In Violent Rampage...
Man holds knife to 3-year-old's face, threatened to cut out tongue...
Kudlow: Obama’s Goose Is Cooked...
Obama's Social Security Number challenged...
'American story' faces fresh scrutiny... { ‘By some counts, The Story presents more than three-dozen instances of material discrepancy where Dreams fails to align with the facts as Maraniss reports them. Case in point: Maraniss confirmed that Mr. Obama's mother, Ann Dunham, left his father, Barack Obama, Sr., a volatile bigamist, and not the other way around, as related in Dreams. Dreams also related the tale of Obama's paternal grandfather, Hussein Onyango, who was said to have been detained and tortured in a prison outside Nairobi for six months because of his brave defiance of British colonialists. But after a half-dozen interviews and other research, Maraniss deemed the tale "unlikely." Read more: http://www.foxnews.com/politics/2012/07/04/obama-american-story-faces-fresh-scrutiny/#ixzz1zmwWPuJ5 ‘ }

Ann Romney says woman being eyed for ticket...
Obama's whole campaign strategy is 'let's kill this guy' ( That’s no exaggeration, the predisposition of blacks toward whites; and, wobama can’t run on his record of failure in which he’s lied and failed! ) ...
POLL: In 15 swing states, Romney leads Obama 51% to 43%...
Romney accuses Obama of 'vicious lies' on BAIN CAPITAL...

'THE LAW I PASSED IS HERE TO STAY' { Wobama must be back on his choom pipe fantisizin’ again! }

LAND OF THE FREE: San Diego man stranded after told on 'no-fly' list...
Midwest ranchers, lawmakers protest drone flyovers...
TWITTER shares info on gov't demands for user data...
ACLU Launches Smartphone App To Secretly Record Police Stops...
'Homeland Security' Report Lists 'Liberty Lovers' As Terrorists...
Cannibal Updates: Boy bitten on neck by man in 'vampire' attack...
VIDEO: Man high on synthetic 'spice' goes on naked 'ninja' rampage...
'ZOMBIE CANNIBAL': 'I'm a eat you'...

SCORN ON THE 4TH OF JULY: Chris Rock Mocks 'Happy White Peoples Independence Day'...

TOP BLACK CHURCH BACKS HOLDER, BLASTS HOUSE...

Severed head thought to belong to Canadian cannibal's butchered lover found in park...
Pregnant woman bites off boyfriend's fingertip...

RECORD NUMBERS OF AMERICANS ON DISABILITY

NOW Mammoth Lakes files for bankruptcy!

Rep. Allen West: Obama Wants Americans To 'Be His Slave'...

4 EMAILS IN A DAY? Obama begs donors for more as Romney rakes it in...
SHOCK: Justice Dept. will not prosecute Holder for contempt of Congress... [ Justice Department shields Holder from prosecution after contempt vote FoxNews.com | The Justice Department moved Friday to shield Attorney General Eric Holder from prosecution after the House voted to hold him in contempt of Congress. DOJ Says It Won't Prosecute DOJ Head Holder How should we say this: we are shocked, shocked, that the DOJ won't prosecute itself. BREAKING: DOJ says it won't prosecute Attorney General Holder after the GOP-led House voted to hold him in criminal contempt of Congress – Fox see also, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm House could arrest Holder with inherent contempt power The Washington Times | The thought is shocking, and conjures up a Hollywood-ready standoff scene between House police and the FBI agents. { Eh, what the heck…you can let that go…they’re hoodied blacks, not white like Nixon, etc…; and, be sure to hold on to your wallets, purses everyone ‘cause there’s black folk in the capital! } ]

CHICAGOLAND: 7-Year-Old Girl Gunned Down While Selling Lemonade Outside Home...
MCCONNELL: 'Sold to American people on a deception'...
CURL: Gift to Romney... { This may seem somewhat counterintuitive and a bit of a rationalization; but, it is absolutely true. So true in fact, that wobama will come to be compared to Pyrrhus of Ephyrus (W. Greece) since realization of what this legislation won’t do for americans and the economy and what it actually does will not have the galvanizing effect that striking the bill down would have had on voters who were thinking ‘another free lunch from the government’ will save them (we all now know better, no such thing). Yes, in somewhat European tradition, defacto bankrupt america is keeping up with the (ie., rating agencies Egan) Joneses. After all, we all know how well this European program model is working out for Europe (and any other nation that’s tried it). In the final analysis, this and such programs as the contraindicated bailouts for the unprosecuted frauds on wall street, etc., will prove to be the ‘camel-back breaking’ moment for america; and, a pyrrhic victory for the egregiously failed president wobama. America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … }

HISTORIC: HOUSE VOTES HOLDER IN CONTEMPT...
DEM HOODIED BLACKS PLUS WALK OFF FLOOR...
Pelosi botches name of slain border agent...

Adult Chimpanzee Fatally Mauls Baby Chimp at LA Zoo...

ZIMMERMAN PASSED POLICE LIE DETECTOR...
REPORT...
Syringes litter NYC beach...

ZOMBIE: Man who took synthetic drug strangles dog, starts eating it...

POLL: Obama drops 8 points with whites...
... 13-point plunge among young voters

Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... { Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against sending the DREAM Act to the Senate floor for full consideration. The bill would have created a path to citizenship for many young illegal immigrants brought to the United States as children. Last week, Obama announced plans to stop deporting illegal immigrants who would have qualified for the DREAM Act. The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama desperation hail mary’ that once again falls short. Indeed, as an investor, one analyzes earnings, projects prospective earnings over a 3-5 year horizon, and the quality of the earnings along macro economic factors which are affected by ‘political considerations’. Does anyone remember the honorable Ross Perot who warned of NAFTA’s effect on american jobs even as the democrat administration et als were hell-bent on passing same? Should Romney have breached his legal duty to shareholders and invested in companies with poor earnings prospects? After all, in the financial / security analysis step of projecting the income statement, prospective labor costs figure prominently in the bottomline. In sum, Romney took conditions as he found them, and made the prudent choices which as per his legal duty were optimal for those who put their trust in him. For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. }
Will accept your birthday or anniversary gifts, too...

VIDEO: Obama Trips At Campaign Event In Tampa...

ZOMBIE: Naked man bites off chunk of arm...

PAPER: Obama's grandfather tortured by the British? A fantasy (like most of the President's own memoir)... { http://albertpeia.com/wobamaschoomgangfantasy.htm }

JAILHOUSE CALLS: Zimmerman told wife to buy bulletproof vest...
WAR ZONE: 7 Killed, Dozens Wounded During Obama Visit to Chicago...
More killed this year than in Afghanistan...
Bill Maher: 'The Problem With Racism Is Matt Drudge'... { Oh riiiiight! Drudge is the racist for reporting facts/reality concerning black on every color crime along with black threats. What can you expect from maher who is an null sum embarrassment/disgrace who like the italian scallion had married (and I believe is now divorced from) a black (he like booby deniro need rationalization)? } Here’s some reality for maher who doesn’t mahter:

U.S. Cannibal Updates: Doctors release first photos of Miami cannibal victim...
**WARNING: Extremely graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:

'Zombie Bullets' In High Demand Following Cannibal Attacks...
COPS: Attacker bit off large chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat Cop...
'Growled, opened and closed his jaw'...
Woman bites wig shop owner’s bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby who unlike hoodie trayvon martin killed in self-defense (from niggers) was not a thief and was totally innocent? The tragic outcomes for ignoring the threat of the uncivilized niggers! }

http://albertpeia.com/blackonbrowncrime.htm

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

CANNIBAL UPDATES: CRUISED MIAMI IN 2010?

COPS: Canadian cannibal on run in France -- dressed as woman...

CANNIBAL CAPTURED IN BERLIN...
Arrested at Internet cafe -- looking up stories on himself!
Shady, Master of Disguise...

{ U.S. Cannibal Update }: Maryland cannibal ranted on FACEBOOK...

Ming Qu and Ying Wu Murder Case: Two arrested in the killings of ... (CBS) LOS ANGELES - Los Angeles police Friday announced the arrests of two suspects in connection with the shooting deaths of two Chinese graduate students who attended the University of Southern California, reports CBS Los Angeles. [ { Yup! Typical lawless, uncivilized niggers! The following comment to the article sums it up: ‘Three blacks shooting two Chinese students. Where is the public outcry and protests? Where are all of those that were screaming injustice when Trayvon Martin was shot?’ }

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]

FUGITIVE CANNIBAL WARNED: I CAN'T STOP KILLING...
Scary digital trail...
Gay White Porn Star Wanted by Interpol...

CANNIBAL STRIKES IN MARYLAND... { Yes, another black cannibal; with ties to wobama’s home country of Kenya, Sub-Saharan Africa. }
SHOCK DETAILS...

South Beach Cannibal 'Put Under Voodoo Curse'... {Riiiiight! That voodoo thing made him do it! Oh yeah, that and the evil white man’s bathing salts also the culprit!}
VIDEO SHOWS BIKES RIDING PAST SOUTH BEACH CANNIBAL ATTACK!
MORE GRISLY DETAILS...
'BATH SALTS' TRIGGERED SOUTH BEACH CANNIBAL { Riiiight! Fine young black cannibal, driven cannabalistic by bath salts made by those evil white overlords! How 'bout the inherent cannabilistic trait as manifested here; the recurring theme of ‘Roots’, they’ll choose white meat over dark meat every time! http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

Flash Mob of 40 Kids Storm 7-ELEVEN over Free Slurpee Promotion, Beat Manager, Raid Shelves...

REPORT: Woman viciously beaten at MCDONALD'S drive-thru...
'This is for you, you white b***ch! This is a grape soda!' { The description of the suspects - two black women and one black man - is vague. The best clue police have to go on right now is they were driving a light-blue Cadillac with temporary tags. }

HORROR: Mob of 20 'hooded blacks' storm UK pub, drag man out, stab him to death...
Half of Florida high school students fail reading test...
COPS: 19-year-old white student beaten by two separate black gangs...

Dershowitz: Zimmerman acted in self-defense. so drop murder charge...
Evidence Backs Up George Zimmerman's Version of Shooting...
Witness Told Cops: Trayvon Straddling And Punching 'MMA Style'...

New evidence in Trayvon Martin case raises more questions
Trayvon Martin's autopsy shows he had marijuana in his system the night he was killed by neighborhood watch volunteer George Zimmerman, and a gunshot to his chest came from close range, according to nearly 200 pages of previously undisclosed documents released Thursday.

ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose, Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving nigger was enraged by his being thwarted in his scope-out/plundering of Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his true story, Zimmerman was fighting for his life and ultimately saved the citizens of Florida from the future costs of the burgeoning violent, thieving typical nigger-criminal trayvon martin.}
Previous: Holder sues Florida city, says firefight test racist [ Yeah, of course, because dumb niggers can’t read, ‘rite, or do ‘rithmetic! They’re always too busy donning their little hoodies and scopin’ out neighborhoods for their pillaging, plundering, and terrorizing! ]...
Black mob beats white man unconscious on his front porch...
'Now that's justice for Trayvon' (they shout in crazed nigger fashion)...
DERSHOWITZ BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT STUPID'... [ Indeed! And, make no mistake, I never would have thought I’d be agreeing with Alan Dershowitz on anything: http://albertpeia.com/trayvonnewtawana.htm ]

BANG, BANG ‘…His surprising testimony came the same day that ABC News exclusively obtained a photograph showing the bloodied back of Zimmerman's head, which was apparently taken three minutes after he shot and killed Martin. The photo could give credence to Zimmerman's claim that Martin had bashed his head against the concrete as Zimmerman fought for his life…’

COPS: Suspect angry over Trayvon Martin death beats up white man...

Obama as a Boy Ate Dog Meat [ And, you can bet there’s canabalism in his line; his father being an african ape nigger and his mother a flaky whore; you know, that typical type that schtooped niggers back in the day! ]...
Obama campaign tries to diversify...
...looking to hire more African-Americans [ More dead-weight, contentious, unproductive make-shift, make-work, costly welfare job niggers … just what the nation, strike that, wobama campaign needs.]
Farrakhan Warns Whites: 'Unless You Change, Your End Has Come'… [ They call this a self-destructive manifestation of the Oedipal Effect: Goodbye niggers, aka unevolved apes/chimps/monkeys – Your end’s already here! Your jigs are up, and you boos are down! Everyone’s onto your nigger jive! Look in the mirror! If only you could change / evolve faster! ] ...
HOLDER PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...

'SECOND DEGREE MURDER'...
'We do not prosecute by public pressure or by petition'[B***S***!]...Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The reality is, if that were the criterion and rule, given the overwhelming prevalence of black violence, particularly black on white violence, there’d be a lot of dead niggers. Niggers are a scourge wherever they are; a black plague, if you will. The reality is that in this nation, having been overrun by niggers, americans have become the new age dinosaurs. As for tyson, the ugly little monkey that no one wanted, now full-grown angry ape, his IQ is well below the average 100. Ape tyson is just a disgrace, period. He’s a typical ignorant, violent ape/nigger. Life with ape tyson, also a convicted rapist, was described by his then (soon to be former) wife, Robin Givens, in a live televised interview with him present (you can only imagine the unsaid) as ‘hell’. He’s mentally deranged (too many head shots?), but he does profess typical nigger sentiment. (Mike Tyson vs. Robin Givens: … biggest fight | Ebony ... Eight months after Mike Tyson and Robin Givens were married on Feb. ... beatings -- she filed for divorce)

Panthers Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:
April 11th, 2012 at 9:51 pm 11 percent of population and they always have thier hands out begging for more.No matter how much you give them its never enough.Filthy animals is all they are. (Absolutely correct!)
Dandroid Reply:
April 11th, 2012 at 5:47 pm
Show trial to keep the peace? Cities will burn if hes found not guilty!
Startover Reply:
April 12th, 2012 at 12:04 am
Let the cities burn, send the Army in to finish them off
George Zimmerman is totally innocent
Trayvon is a punk ass killer (also a known thief and would be in futuro typical nigger criminal)
There is only one victim in this case and that is Zimmerman
Eduard Reply:
April 11th, 2012 at 7:28 pm
Precisely!! That was my thought. This press release sounded more like a minor league actress thanking everyone at a Grammy Award for her success. Then again, I can’t emphasize enough how despicable the “lawyer” field really is. There is no shame in it. The profession is a giant conflict of interest. Moreover, the rules of lawyer ethics always being pulpitted is nothing more than consumable fodder for the gullible. Ethics and lawyers? Laughable isn’t it? That’s like Lucifer passing out copies of the decalogue. This whole twist to the “mestizo-reported-as-a-white man” Zimmerman case has notched into a renewed effort of politicalization for formenting a racial war. …’ ]
Heroin dealer uses welfare EBT card to post bail [ Yes, he’s a nigger; with unreported cash drug income that gives him welfare as well! ] ...
New Black Panther Party chief of staff apologizes after radio outburst...
'The things that's about to happen, to these honkeys, these crackers, these pigs'...
Black residents fearful after shootings in Tulsa… [ Now they know how the ‘white folk’ feel, everywhere, every day, and the black on white violent crime stats overwhelmingly prove the reality and legitimacy of that concern! Civilized people everywhere are tired of the typical nigger b***s***! ]...
RACE WARS: ZIMMERMAN BREAKS SILENCE...
Family challenges Holder on New Black Panthers...
Hacked roadsign reads: 'Trayvon a n*****'...
CNN says 'f****** n*****' on air...
Anchor: 'N*****' Should Replace 'N-word' in News Reports...

Government Surveillance Crackdown On Internet Goes Into Overdrive...
Congressman fears Obama power grab in 'emergency'...
Fidel Castro mocks Obama over 'guayabera' diplomacy...

Rev. Wright Unleashed: 'White Supremacy' Drives 'World Policy'...
Clarence Thomas Worshipping 'Some Other God'...

REPORT: 'Stunning lack of diversity' in Obama's re-election campaign [ I’d say this is more embarrassing for the self-destructive whites who are for obama; after all, who would be foolish enough to hire the typically uncivilized, problematic, violence / crime prone, etc., blacks? ] ... { to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). }
$1 million pizza party in Detroit -- on sterling silver plates!
WHouse basketballs emblazoned with Obama's image...
HOODIE ON THE HILL...
VIDEO: Dem Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members, keep your purses close when ‘bobby bobby r’ is near; the temptation might prove to be too much for his inner rap nigger soul man. ]
Ex-Black Panther...
Another Says Trayvon 'Hunted Down Like Dog' [Well, if the shoe fits … but, actually, niggers are more like apes, monkeys that only evolved to a point… and some dog-lovers might be offended by comparing niggers to dogs. ]...
Pentagon unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those black niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]

Black Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who do these filthy niggers think they are? ] Take a look at this nigger who kills a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of Florida teen not a racist, lawyer says...
SECRET WITNESS: Self-defense... [Witness: Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different picture than we've seen so far of what happened the night 17-year-old Trayvon Martin was shot and killed.The night of that shooting, police say there was a witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to that witness.What Sanford Police investigators have in the folder, they put together on the killing of Trayvon Martin few know about.The file now sits in the hands of the state attorney. Now that file is just weeks away from being opened to a grand jury.It shows more now about why police believed that night that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told dispatchers he was following a teen. The dispatcher told Zimmerman not to.And from that moment to the shooting, details are few.But one man's testimony could be key for the police."The guy on the bottom who had a red sweater on was yelling to me: 'help, help…and I told him to stop and I was calling 911," he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only wanted to be identified as "John," and didn't not want to be shown on camera.His statements to police were instrumental, because police backed up Zimmerman's claims, saying those screams on the 911 call are those of Zimmerman."When I got upstairs and looked down, the guy who was on top beating up the other guy, was the one laying in the grass, and I believe he was dead at that point," John said.Zimmerman says the shooting was self defense. According to information released on the Sanford city website, Zimmerman said he was going back to his SUV when he was attacked by the teen.Sanford police say Zimmerman was bloody in his face and head, and the back of his shirt was wet and had grass stains, indicating a struggle took place before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun
Hoodie-Wearing niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night  ]
'There were young men scattered everywhere'... [ http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]

Buchanan: It's all about race now...
NAACP condemns nigger apeman sharpton's call for escalation in civil disobedience...
Talkradio host calls for arrest and removal from MSNBC...
Detroit Preacher: 'Isn't The Mood In This Nation That White People Are Better Than Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished truth! And, not just whites; viz., Asians, Hispanics, real American Indians, etc., and most feral beasts except dogs are better than blacks who are at best their equals, though some dog owners/lovers may dispute that. Niggers are a scourge on civilized society wherever they are. Just look around, worldwide, wherever they are, in concentrations particularly; it’s the same nigger story. That’s the way they are. That’s what they are. They are a blight on any neighborhood. They are a blight on any society and an insurmountable burden. They bring any society down. Some will argue, how ‘bout sports?, to which one may reply, ie., just because you go to horse races, doesn’t mean you want to live with horses, or, just because you have monkeys in zoos doesn’t mean you want to live with them, etc., much less cede control and affect over society to them. ] '

PARENTS OF MURDERED WHITE STUDENTS SLAM OBAMA FOR SILENCE [ Well, they’re just white folk, not niggers like obama et als. Moreover, there would be no end to the limitless requests as ‘black on white violent crime’ is at epidemic levels and by far exceeds the miniscule proportions of white on black crime. http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
George Zimmerman's father speaks for first time...
Says Trayvon threatened to kill his son...
'You're going to die tonight'...
ABCNEWS: Police video shows no blood...
Large gash on back of head?
POLICE REPORT: Bleeding from nose, head...
Network names 13-year-old witness...
'Plzz shoot da #mf dat lied 2 u!'
@KILLZIMMERMAN TWITTER feed...
First lady hits Vegas with daughters...
FLASHBACK: Obama: 'You can't go take a trip to Vegas on taxpayer's dime'...
10-car motorcade at Mount Rushmore; tourist access restricted during visit...
[ The niggers are forever so ‘in your face’ with their hypocrisy, sense of entitlement, and divorcement from reality; always pushing the bounds of niggerism to contrive an incident / controversy when rational people finally stand up and say ‘wait just one cotton-pickin’ minute’; so outlandish is the typical black jive / nigger b***s***! ]
Holder loses again: Charges against militia members thrown out … [ The corrupt, biased holder should be going after his fellow niggers, the black panthers! ] ...
COPS: Trayvon protesters ransack store … [ Any excuse for niggers to be niggers! ]...
House dems try to politicize...
Zimmerman a registered Democrat...
'You ain't tell me you swung on a bus driver'...
Multiple suspensions from school: marijuana, grafitti, 'possession of burglary tool,' jewelry...
Suspended THREE times for drugs, truancy and graffiti and 'caught carrying a burglary tool': New picture emerges of Trayvon Martin (and did he attack a bus driver too?)

The teen was suspended from school three times

He was on suspension when he was shot in February, after officials caught him with a 'marijuana pipe' and a baggie with drug residue

Trayvon was kicked out of school in October for graffiti after he was allegedly caught with a 'burglary tool' and a bag full of women's jewelry

Officials also suspended him once for skipping school and tardiness

Trayvon Martin was suspended from school three times in the months before he was shot dead by a neighborhood watchman, it emerged today.

The facts, revealed in a leaked report, paint a different picture of a teenager who frequently found himself in trouble with authorities.

It was also revealed that he might have attacked a bus driver, according to a Twitter account that it is claimed belonged to the teen.

The Miami Herald claims that in October, he was caught with a 'burglary tool' - a flathead screwdriver - and 12 pieces of women's jewellery. Martin insisted that they did not belong to him.

POLICE: Black teenagers light 13-year-old on fire; 'You get what you deserve, white boy'...
Typical n*****s! Come on! People are tired of making making up excuses for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white people'... [ Typical n*****s! Good thing there are food stamps; otherwise they’d be reverting to their inherent proclivity for canabalism (send them back to africa … even give them a lump sum for an irrevocable repatriation incentive … a huge cost-saving beyond the first year with substantial salutary effects for the nation, the economy, and the remaining civilized non-blacks). The other major crimes they do anyway. It’s their nature. You’ll never change the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security... [ I refrained from using the ‘n word’ (or even blacks / negroes) in referring to the culprits in the following two incidents (those tender sensibilities) but I’m sure you’ve guessed that they were niggers and I include same here in light of the foregoing incident (and yes, the victims were white), which is typical. ‘.. while walking through Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion (limbic system / adrenalin flow) I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped / a crowd gathered / an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA’s position with both felonies ( he went to prison – pled out ). The other case I wrote about here ( This was included on my website in the Psychology forum discussion of ‘bystander effect’ / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparently had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp (a police officer here in California was the object of intense criticism for having used a flashlight to subdue a criminal / nigger after a long chase so I included that here) . The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal / nigger went to jail (where they belong). The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). ]
Black Serial/Mass/Spree Killer List:
1. Matthew Emanuel Macon (Murdered and Raped 5 White Women in Lansing)
2. Jimmie Reed (Murdered his wife and his 2 month old daughter and set them on fire)
3. Shelly Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)
4. Justin Blackshere (Stabbed two white cooks at Cheli’s Chili downtown Detroit)
5. Jervon Miguel Coleman (Murdered three people.)
6. Donell Ramon Johnson (Murdered a mother and a daughter)
7. Brian Ranard Davis (6 women known murdered by nigger)
8. Paul Durousseau (Seven women)
9. Mark Goudeau “The Baseline Killer” (Eight women and a man in 2005-2006)
10. Coral Eugene Watts (11 women in Texas & 1 in Michigan)
11. Anthony McKnight (Five girls and young women)
12. Derrick Todd Lee (8 Women)
13. Charles Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15 years!)
14. The Zebra Killings (71 White people)
15. Chester Turner (L.A.s most prolific killer 12 women killed.)
16. Lorenzo J. Gilyard (Kansas City, MO.—13 victims)
17. Eugene Victor Britt (Gary, IN.–3 known murder/rapes.)
18. Reginald and Jonathan Carr (The Wichita Massacre–6 Whites murdered)
19. Ray Joseph Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people in 7 days, including an entire White family.)
20. The Tinley Park Murderer (Suspect hasn’t been found but has been described as black – murdered 5 women in a store.)
21. Henry Louis Wallace (Raped and strangled 5 women to death.)
22. Charles Johnston (Murdered 3 unarmed white men in hospital)
23. Craig Price (Brutally murdered 3 women)
24. Harrison Graham (Brually Murdered 3 women)
25. Charles Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council. )
26. & 27. Darnell Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)
28 &29. John Allen Muhammad & Lee Boyd Malvo (Sniped 11 people from a car in DC, 9 died.)
30. George Russell (3 women, WA state)
31. Timothy W. Spencer (5 killed, Arlington, VA and Richmond, VA)
32. Elton M. Jackson (12 gay men killed, Norfolk, VA area)
33. Carlton Gary (3 killed in Columbus, GA)
34. Mohammed Adam Omar (16 women, Yemen. Omar is Sudanese.)
35. Kendall Francois (8 women, Poughkeepsie, NY and surrounding areas.)
36. Terry A. Blair (8 women, Kansas City area)
37. Wayne Williams (33 many of them children!, Atlanta, GA)
38. Vaughn Greenwood (11 killed in LA)
39. Andre Crawford (10 killed in Chicago – southside)
40. Calvin Jackson (9 killed possibley more in NY)
41. Gregory Klepper (killed 8, Chicago – southside)
42. Alton Coleman (Killed 8 in the Midwest)
43. Harrison Graham (killed 7+ in N. Philadelphia)
44. Cleophus Prince (6 killed in, San Diego
45. Robert Rozier (7 killed in, Miami)
46. Maurice Byrd (killed 20 + in St. Louis)
47. Maury Travis (17 and rising, St. Louis and possibly also Atlanta)
48. Hulon Mitchell, a.k.a. Yahweh Ben Yahweh (killed 20+ in Florida)
49. Lorenzo Fayne (killed 5 children in East St. Louis, IL)
50. Paul Durousseau, (killed 6, two of which were pregnant women, Jacksonville, FL; Georgia.)
51. Eddie Lee Mosley (killed 25 to 30 women, south Florida)
52. Henry Lee Jones (killed 4 in, south Florida; Bartlett, TN)
53. Richard “Babyface” Jameswhite (15 killed in, New York; Georgia.)
54. Donald E. Younge, Jr. (killed 4), East St. Louis, IL; Salt Lake City, UT.
55. Ivan Hill (killed 6 in Los Angeles area).
56. Michael Vernon (Bronx, NY. Killed at least seven people – )
57. Chester Dewayne Turner (12 women killed in, Los Angeles)
ARREST MADE IN LOS ANGELES GRIM SLEEPER SERIAL KILLER CASE July 07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME |By Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested a suspect in the Grim Sleeper serial killer case and will charge him with 10 counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of attempted murder, Capt. Kevin McClure with the Los Angeles Police Department said.Franklin will arraigned in court Thursday morning, McClure said.The California Attorney General's office attributed the arrest to DNA collected from a relative of the suspect, in a controversial and rarely used practice known as familial DNA search.’
Of Course There Are Black Serial Killers by Lynette Holloway on  July 15, 2010 The case of the "Grim Sleeper" inspires a second look at the popular perception that serial killing is the province of clever white men.
Serial Murderers' Row July 16, 2010 The following black men are among the most prolific serial killers in U.S. history. http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus: Behind the myth that only white men commit such crimes.
Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved In Fights At Mall Of America After Rumors That Rappers Are There...

Miami Heat Players Don Hoodies...
'Dead or Alive' Poster Issued by New Black Panther Party... [ ‘Minority Report’ Division of Pre-Crime, Pre-Cogs say, ‘Dead or Alive – all niggers’ … whatever the outcome in the investigative process, the stark reality is that at least, unlike the niggers committing many more ‘black on white’ violent crimes, Zimmerman (and this is no endorsement – I won’t be looking at this one incident all that closely) was at least trying to do a good thing made necessary by the ever increasing number of brutal crimes committed by the black thugs in neighborhoods across the nation; then there’s somalian pirates, etc.. People domestically and internationally are suffering from nigger-fatigue and are totally niggered out. Oh, yeah, there are some Hollywood types who feel good about themselves having niggers around and helping niggers to help them feel better than they really are, insecure as they are, by being better than at least someone beyond fantasy. Loony george clooney is one. Dreadfully boring and with that monotone, monotonous voice and not that bright, he’s not even able to fake it on screen as an action hero (ie., batman, what a horrific miscast) wimpy pussy in reality that he is; then there’s the ‘black (sean) penn’ who cried like a baby while incarcerated for a couple of days not that long ago. The atheist jolie, so fatherly troubled as she is, has let the equally mentally troubled pitt (she so nutty she makes him feel somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be the closest she’s gotten to her black projects. Let them live anonomously (in disguise) with the niggers for some time for a real close look and then see what’s left of their predisposed love for the nigger. Then there’s the italian scallion, booby deniro; drug addled as his black wife high-tower, what a total embarrassment to Italians everywhere; even as he tried to ingratiate himself recently with niggers everywhere and particularly national embarrassment mammy michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan Africa! ]
'BLACK NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE CONTRARY ] ARE UNDER ATTACK [ SAYS NIGGER SHAKEDOWN ARTIST JACKSON] ' [ Hold on one cotton-pickin’ minute jesse, that’s not what the facts say Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d look just like any other nigger. And, don’t worry about the black vote, failed president wobama the b for b***s*** will get nearly if not all, 100% of the nigger vote! Drudgereport: Farrakhan Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks that would have to be retaliated against based upon the hushed reality of the prevalence of black on white crime? The blacks should be careful what they wish for in playing that game because the facts don’t break in their favor. ] ...

People have become weary of making up excuses for blacks (like obama, holder, etc.). At some point, as now, people should not be timid about relating the cold, unvarnished truth statistically / factually about blacks and, ie., black on white violent crime, etc..

 From Pat Buchanan: As for racism, its ugliest manifestation is in interracial crime, and especially interracial crimes of violence. Is Barack Obama aware that while white criminals choose black victims 3 percent of the time, black criminals choose white victims 45 percent of the time? Is Barack aware that black-on-white rapes are 100 times more common than the reverse, that black-on-white robberies were 139 times as common in the first three years of this decade as the reverse? We have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned out to be hoaxes. But about the epidemic of black assaults on whites that are real, we hear nothing.

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

The reality is that blacks are an insoluble problem wherever they are. That’s not going to ever change; not make-shift/make-work jobs; not programs; not anything tried or to be tried; hence, they must be treated as exactly that – problems – before a solution can be derived and fashioned. ] [ Send the niggers, including niggerbama back to sub-saharan africa! ]

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

http://albertpeia.com/todaysbusinesssummarylinks.htm

http://albertpeia.com/fbimartinezcongallard.htm

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

http://albertpeia.com

What in the World Has Happened to the FBI/DOJ?
http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm

The Fed Has Set Us Up For the Crash of 2013

http://albertpeia.com/fedsetsupcrash2013.htm

The start of the 100-year bear Marketwatch Paul B. Farrell Here are 5 dangers ahead that could tip the stock market into a long decline. Which hits first? http://albertpeia.com/100yearbear.htm ‘…Many other Dr. Dooms predict new 2008 crash, long bear market Today, Prechter is in great company, one of many other well-known “Dr. Dooms” who have long-term visions, in a myopic world. You’ll see Prechter alongside such other great “Dr. Dooms” as Hong Kong’s Marc Faber ... celebrity economist Nouriel Roubini ... Nobel economist Joseph Stiglitz, author of “Freefall” ... $100 billion money manager Jeremy Grantham, who says our GDP is “On the Road to Zero Growth” ... Forbes columnist Gary Shilling, who sees the S&P dropping 45% to 800... historian Niall Ferguson, author of “Colossus: The Rise and Fall of The American Empire” ... hedge fund genius Nassim Taleb, author of “Black Swan” ... former IMF chief economist Simon Johnson, co-author of “White House Burning” and “Doomsday Cycle” ... billionaire trader George Soros, who just made a billion shorting the yen ... economists Carmen Reinhart and Kenneth Rogoff, whose classic “This Time is Different: Eight Centuries of Financial Folly” says it all ... anthropologist Jared Diamond whose “Collapse” warns us that throughout history civilizations fail because leaders fail to plan and act in time ... and other “Dr.Dooms” we’re tracking. So yes, Prechter and his Dow 400 and 100-year bear-market predictions are in good company. And we even have to include Pimco’s Mohamed El-Erian, who manages a $2 trillion portfolio along with “Bond King” Bill Gross. El-Erian recently warned investors about the “New Normal: Low Growth, Few Jobs.”…’

50 Signs That The U.S. Health Care System Is A Gigantic Money Making Scam That Is About To Collapse

http://albertpeia.com/50signsushealthcaresytemcollapse.htm

The Banks Show No Mercy: 10 Foreclosure Horror Stories That Will Blow Your Mind

http://albertpeia.com/banksshownomercy.htm

Europe’s Fine… Just Ask Depositors Who Saw Their Savings Go to ZERO

http://albertpeia.com/depositorsavingstozero.htm

Oscar winners in photos Marketwatch { Say what you want about Kentucky; but, some band’s got to come up with the song, ‘Kentucky (not California) Girls’. Whew! Ridley Scott had a great find in Sean Young (‘Blade Runner’). But Jennifer Lawrence? Wow! What a spectacular, total babe! And, she can shoot a bow and arrow too (I think). Parenthetically, while there are many aspects of a actor’s performance/demeanor/actions on and off the set that constitute worthy scrutiny, falling on the way to pick up an oscar for best actress at age 22 is definitely not one of them. Totally meaningless and appropriately forgettable. If she was wearing running shoes and short shorts, that never would have happened. After all, when really will she wear such garb, albeit exquisite on her, again?…Next Academy Awards Oscar Ceremony to pick up another, and another, etc., of course. Yet, one can hardly say ‘practice makes perfect’ when referencing such an exotic creature as she. }

Drudgereport: 2-25-13 Obama's Paycheck Exempt From 'Sequester'...
Taxpayers Give Big Banks $83 Billion a Year...
REPORT: White House Sells Meetings with Obama for $500k... {To be sure, an added cost to the taxpayers some way! }
Carney dodges...
MSNBC, With Ex-Obama Aides, Now Almost 'Bona Fide Organ of State Propaganda'...
Stevens: Republican revival must go beyond joining TWITTER... { Yeah…Unfornutnately, with some exceptions, if it’s something that can be said in a ‘tweet’, it’s probably not worth saying, or taking up time reading! More like, just another mind-numbing, anxiety-relieving compulsion, at best! }
Atheists 'face discrimination around globe'... { Indeed! After all, the ‘globe’ can’t be wrong ‘all the time’. Actually, I have previously stated that I can empathize with the agnostic ( F. Lee Bailey was notably in that category by prior self-proclamation, among others ); this world being such as it is, human beings such as they are. Yet, said position is still unequivocally, absolutely incorrect; but, understandable. The position of the atheist is at the least intellectually dishonest (at worst, constituting a petulant penchant for the ‘great lie’ and in some instances, an inherent capacity for great evil). But, as well, incorrect, and certainly not understandable; and all the more wrong by positing something they don’t and hence, obviously, could not know as being so. Atheists are, quite simply…pathetic! }

Europe’s Fine… Just Ask Depositors Who Saw Their Savings Go to ZERO

http://albertpeia.com/depositorsavingstozero.htm

The Wal-Mart Indicator: We’re Heading for a Stagflationary Disaster

http://albertpeia.com/stagflationarydisaster.htm

Will Americans Soon Not Be Able To Buy, Sell Or Get A Job Without A Global ID Card?

http://albertpeia.com/globalid.htm

Drudgereport: 2-22-13 UK DOWNGRADED

Firearm Co's REFUSING Sales to Gov't Agencies...
WOODWARD: Obama fibs on budget cuts...
PAPER: Low-income consumers hit hardest by tax increases...
President Gets Economic Advice from Sharpton...
Firefighters facing possible discipline after appearing with Obama...

PUBLIC TURNS ON GODFATHER...

CUOMO MACHINE GOES AFTER STATE WORKER -- FOR TALKING...

ABERCROMBIE to close 50 stores...
Bernanke downplays new bubble worries...
Gas-price increase is record for S California...
TB Outbreak Hits LA ...
'Streak Of Light' Spotted Across Skies...
Bank of England closes in on China currency deal... ( ‘Mervyn King, Governor of the Bank of England, is on the brink of striking a deal with the People's Bank of China which would cement the UK's role as the leading G7 trade hub for the world's fastest growing currency.’ )

The start of the 100-year bear Marketwatch Paul B. Farrell Here are 5 dangers ahead that could tip the stock market into a long decline. Which hits first? http://albertpeia.com/100yearbear.htm ‘…Many other Dr. Dooms predict new 2008 crash, long bear market Today, Prechter is in great company, one of many other well-known “Dr. Dooms” who have long-term visions, in a myopic world. You’ll see Prechter alongside such other great “Dr. Dooms” as Hong Kong’s Marc Faber ... celebrity economist Nouriel Roubini ... Nobel economist Joseph Stiglitz, author of “Freefall” ... $100 billion money manager Jeremy Grantham, who says our GDP is “On the Road to Zero Growth” ... Forbes columnist Gary Shilling, who sees the S&P dropping 45% to 800... historian Niall Ferguson, author of “Colossus: The Rise and Fall of The American Empire” ... hedge fund genius Nassim Taleb, author of “Black Swan” ... former IMF chief economist Simon Johnson, co-author of “White House Burning” and “Doomsday Cycle” ... billionaire trader George Soros, who just made a billion shorting the yen ... economists Carmen Reinhart and Kenneth Rogoff, whose classic “This Time is Different: Eight Centuries of Financial Folly” says it all ... anthropologist Jared Diamond whose “Collapse” warns us that throughout history civilizations fail because leaders fail to plan and act in time ... and other “Dr.Dooms” we’re tracking. So yes, Prechter and his Dow 400 and 100-year bear-market predictions are in good company. And we even have to include Pimco’s Mohamed El-Erian, who manages a $2 trillion portfolio along with “Bond King” Bill Gross. El-Erian recently warned investors about the “New Normal: Low Growth, Few Jobs.”…’

Dot-com bubble lessons Marketwatch The 13th anniversary of bursting of Internet bubble to be marked alongside the bull market's fourth birthday.

20 Signs That The U.S. Economy Is Heading For Big Trouble In The Months Ahead

http://albertpeia.com/20signsuseconomyinbigtrouble.htm

The Big Dogs On Wall Street Are Starting To Get Very Nervous

http://theeconomiccollapseblog.com

http://albertpeia.com/dogseatheirownfeces.htm

{ Not widey publicized is the fact that dogs eat their own feces. I shockingly saw this first hand of a pedigreed german shepard before learning the fact that such is a dog trait. Cats certainly do not (eat their own feces)! No wonder dogs are considered in america to be ‘man’s best friend’. Yuck! }

How Corrupt is Goldman Sachs? { Short answer … VERY! } Goldman Clients Get the Shaft... AGAIN http://www.wealthdaily.com FEB 20 - BRITON RYLE The latest example of Goldman's profit-mongering deceit is so blatant, so downright perverse, it's almost comical. Almost. Analyst Briton Ryle explains... { Prosecution, disgorgement, and jail is where they belong!

The Wal-Mart Indicator: We’re Heading for a Stagflationary Disaster

February 21, 2013 http://gainspainscapital.com

http://albertpeia.com/stagflationarydisaster.htm

Will Americans Soon Not Be Able To Buy, Sell Or Get A Job Without A Global ID Card?

http://thetruthwins.com

http://albertpeia.com/globalid.htm

Zimbabwe's Mugabe Proclaims Himself Africa's Goldman Sachs

Submitted by Tyler Durden on 02/21/2013 - { You know what? I buy that! Like mugabe, goldman et als (wall street) are just a bunch of niggers! } Since we first started discussing the new frontier of investment (or economic hitmen), Africa has been appearing more and more in the headlines - from labor conditions in the South to military action in the North. Natural resources and leverageable assets remain key as the infamous Zimbabwean 'dictator' Robert Mugabe, fighting for re-election at the age of 89, maintains that Zimbabwe's difficulties stem from a Western plot to re-colonize it. With more than 80% of the country unemployed but rampant inflation somewhat calmed, Reuters notes that Mugabe believes "It's God's choice" that he is running in this close election. Just like Goldman Sachs "doing God's work", Mugabe believes "this is a task the Lord might have wanted me to fulfill among my people...," regarding the liberation struggle for black economic empowerment. More than 4,000 out of an original 4,500 white-owned farms have been seized since 2000 under a program he says is aimed at correcting land ownership imbalances created by colonialism. The consensus is that a free and fair election will create a true democratic outcome, but as one local noted "with his record I just don't see how Mugabe can win a free and fair election." Indeed, though the jackals remain.

Stanley Druckenmiller: "We Have An Entitlement Problem" And One Day The Fed's Hamster Wheel Will Stop Submitted by Tyler Durden on 02/21/2013 – { I haven’t read the full article yet; but, if unprosecuted wall street frauds in the trillions along with taxpayer/government funded bailouts of the frauds, still extant, now marked to anything through legislated FASB rule change, QE, etc., is not included among the ‘entitlement programs’(which also has a fraudulent component of record social security disability recipients), then this article lacks persuasive credibility. } Two and a half years ago, George Soros' former partner Stanley Druckenmiller closed shop when he shut down his iconic Duquesne Management, after generating 30% average annual returns since 1986. Some time later he raised many red flags by being one of the first "establishment" types to expose the Fed's take over of the market when he said in a rare May 2011 interview that "It's not a free market. It's not a clean market.... The market isn't saying anything about the future. It's saying there's a phony buyer of $19 billion of Treasurys a week." This was in the context of the constantly declining interest rates on an ever exploding US debt load. And while back then total debt was a "manageable" $14.3 trillion, as of today it is some $2.3 trillion higher moments ago printing at a fresh record high of $16.6 trillion, not surprisingly the phony buyer is still here only now he is buying not $19 billion by over $20 billion in total debt each week. But just like it was the relentless rise in the US debt that forced him out of his privacy in the public scene back then, so it was also the US debt that was also the topic of his rare CNBC appearance today (where he fiercely poked at all those other TV chatterbox pundits when he said "money managers should manage money and not go on shows like this") in the aftermath of his recent WSJ Op-Ed. There, he once again said what everyone knows but is scared to admit: "we have an entitlement problem."

Drudgereport: 2-21-13 LIMBAUGH: FOR FIRST TIME I'M ASHAMED OF MY COUNTRY...
'The cycle, the claims, the threats, the crisis, Armageddon'... { Little late to the party for rush as per that Boston song, it’s ‘More than a Feeling’! }
SOOTHE: Obama holds off-record meeting with top White House reporters...
POLITICO FROZEN OUT AFTER 'PUPPET MASTER' COLUMN...
MAG: Detroit Tops List Of Most Miserable Cities...
POLICE: LA hotel guests bathed, drank from rooftop water tank where body decomposed for two weeks...
'Water did have funny taste'...
CHICAGOLAND: Dental health for city's poor 'in midst of collapse'...
Woman Arrested for Having Sex with Pit Bull...

A Canadian Summarizes America's Collapse: "Everyone Takes, Nobody Makes, Money Is Free, And Money Is Worthless"

A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm

Replaying Chris Christie's Epic Anti-Boehner Meltdown

Submitted by Tyler Durden on 01/02/2013 { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } Earlier today, in what can only be summarized as an epic meltdown, NJ governor Chris Christie proceeded with an even more epic rant against House speaker John Boehner, in narrow terms, and House Republicans in broader, for killing the $60 billion Sandy Assistance bill, whose funding would have offset one full year of the just legislated tax hikes on the rich which would add $62 billion annually to the Treasury (or alternatively would have been unfundable for the next 2 months while the US struggles to pay its mandatory bills courtesy of having breached the debt ceiling). Alternatively, all Americans could just agree to accept less welfare and entitlement benefits to show their solidarity for New Jersey and fund the recovery of the Tristate area by a "shared sacrifice" instead of going the default route and demanding even more deficit spending - something that would naturally saddle the next generation with even more pain, not the current, far more entitled one - but in this country that is an absolutely ludicrous proposition. Below is a clip of the entire Christie performance which is a must see for sheer indignation entertainment value alone.

http://albertpeia.com/daveschart11513.gif

35 Statistics About The Working Poor In America That Will Blow Your Mind

http://albertpeia.com/35statsusworkingpoor.htm

Bill Gross Gets It { Gets what? Why is this surprising? With $4 trillion gone missing (still) at the ny fed, americans should not trust the ny fed. Germany’s move is totally rational. How can anyone trust fraudulent, thieving americans with their money or gold, particularly in the fraud capital of the world, new york city Michael Savage: Don't trust feds on flu shot...{ Or anything else, for that matter. Indeed, from my direct experience, the actions/inaction of the feds are geared toward making one reliant/dependent upon them (ie., food stamps, faux disability, unemployment comp extensions, ‘protection’ from rampant, blatant crime or not, etc., despite america’s defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence and venality. In fact, stepping back, I have seen first hand those siding with/benefiting from (and the encouraging of more crime), ie., RICO defendants et als, actually rewarded by the pervasively corrupt/defacto bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a combination of and tantamount to what is essentially hush money, bribes, etc.). Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless nation of marauders/thieves that no longer even remotely resembles what it purports to be and arguably once was. Replaying Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm Armed Robberies Spike Following Game... { Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

CONGRESSMAN WARNS OBAMA: IMPEACH YOU [ http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ]

White House readies 19 executive orders on guns... }

Drudgereport: Citizens File Articles of Impeachment Against Obama...

REDDIT Founder's Father: 'Aaron...Was Killed by the Government'...

NRA Ad: Obama Is 'Elitist Hypocrite'...

Cuomo Quickly Signs Into Law To Avoid Run...
{ The foregoing and the following are together … only the mob families should have guns, death penalty says mob’s man cuckoo coumo. }
Corleone apologizes for decades of Mafia murders...
MORE DEATH ON NYC SUBWAY...

RAND PAUL: 'Having a monarch is what we fought the American Revolution over'...

Reporter Mocks Carney: 'I'm Not Going to Indulge Your West Wing Fantasies'...

Fitch may downgrade U.S. credit rating...
Long-Term Unemployment Highest Since World War II...
Welfare spending to rise 80% in next decade...
HOUSE SPENDS $50B ON SANDY AID... { Replaying Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

White House to miss budget deadline; Breaks law...

Workers raiding retirement funds to pay bills...

Reid denies involvement in Utah businessman scheme... { ‘SALT LAKE CITY (AP) — Senate Majority Leader Harry Reid's office said Monday he was never involved in a deal to have a Utah businessman pay the senator to make a federal investigation disappear…’ Sounds very american to me; the bribes part, pay to play, etc.; that’s what I’ve seen, and worse… http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

Michael Savage: Don't trust feds on flu shot...{ Or anything else, for that matter. Indeed, from my direct experience, the actions/inaction of the feds are geared toward making one reliant/dependent upon them (ie., food stamps, faux disability, unemployment comp extensions, ‘protection’ from rampant, blatant crime or not, etc., despite america’s defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence and venality. In fact, stepping back, I have seen first hand those siding with/benefiting from (and the encouraging of more crime), ie., RICO defendants et als, actually rewarded by the pervasively corrupt/defacto bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a combination of and tantamount to what is essentially hush money, bribes, etc.). Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless nation of marauders/thieves that no longer even remotely resembles what it purports to be and arguably once was. Armed Robberies Spike Following Game... { Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

CONGRESSMAN WARNS OBAMA: IMPEACH YOU { http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm }

White House readies 19 executive orders on guns...

SHRINK: We are creating 'generation of deluded narcissists'... http://albertpeia.com/deludednarcissists.htm ‘…We must beware of the toxic psychological impact of media and technology on children, adolescents and young adults, particularly as it regards turning them into faux celebrities—the equivalent of lead actors in their own fictionalized life stories…’ Read more: http://www.foxnews.com/opinion/2013/01/08/are-raising-generation-deluded-narcissists/#ixzz2HXlpfElS Indeed, and america’s got the ‘perfect (failed, like them) president’ for this deluded generation of of ‘legends in their own minds’; viz., choom gang fantasizer in chief, wobama the b for b*** s***! Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }

Obama to follow in footsteps of Hitler, Stalin with ‘executive order’ disarmament of the American people Mike Adams | Obama is going to march America down the dark halls of history by following in the footsteps of Adolf Hitler, Joseph Stalin, Mao Tse Tung. Biden Says Obama to Use “Executive Action” to Restrict Second Amendment Kurt Nimmo | Lobotomy joe biden says violating the Constitution is an act “worth taking.”

GODFATHER OF CORRUPT CHICAGO RETURNS TO DC TO PUSH GUN CONTROL...
CHICAGOLAND: 22 DEAD IN BLOODY START TO YEAR...

New India Gang Rape: Woman Hanged from Tree after Sexual Assault in Bihar [VIDEO] { What can you expect from ‘animals’ who believe they might reincarnate (ridiculous! - there is, however, such thing as demonic possession) as other animals (‘…Hinduism is based on the concept of omnipresence of the Divine, and the presence of a soul in all creatures, including bovines. Thus, by that definition, killing any animal would be a sin: one would be obstructing the natural cycle of birth and death of that creature, and the creature would have to be reborn in that same form because of its unnatural death. Historically, even Krishna, one of the most revered forms of the Divine (Avatar), tended cows…’ Wikipedia) }

6 ARRESTED IN NEW GANG RAPE OF A BUS PASSENGER IN INDIA...
Woman hung from tree after rape...

India reports 25 rapes in week following Delhi gangrape IBNLive  { See, as per the californication amerikan jurisprudential scholar/jurist/judge, these 25 girls may not have realized it, but, they really wanted it … you know, otherwise, as per the californication jurisprudential scholar/jurist/judge these subconsciously consensual encounters could not have happened because the body would ‘just say no’ to such liasons if nonconsensual. There you go! … american jurisprudence has done it again as they guide us through those dark, shadowy, murky areas of the law that would otherwise label violent criminal rapists as violent criminal rapists. (We’re talking India here; but, violent rape among a plethora of other substantial crimes including murder, huge protected ie., wall street, etc., frauds, armed robberies, etc., are rampant in pervasively corrupt, defacto bankrupt america.) India gang-rape suspects to face murder charges (CBS/AP) NEW DELHI - Indian police charged six men with murder on Saturday, hours after a woman who was gang-raped and beaten on a bus in New Delhi nearly two weeks ago died in a Singapore hospital. { Clearly, says the california-american jurist/jurisprudential scholar, this girl was not a victim but really ‘wanted it’ and while she may have been screaming/saying ‘no’, she really meant ‘yes’ since otherwise her body wouldn’t have permitted that rape (and beating) to happen. See … now that’s why we have professionally educated/trained judges … to ‘split the pubic hairs’, so to speak … (that judge should be forced to step down)} Calif. judge says a victims' bodies can prevent rape CBS News SANTA ANA, Calif. A Southern California judge is being publicly admonished for saying a rape victim "didn't put up a fight" during her assault and that if someone doesn't want sexual intercourse, the body "will not permit that to happen.” { Wow! Spoken like a true california american jurist. Well, with violent rapes on the rise along with other serious violent among other crimes in america and california particularly, and elections being what they are, ‘might as well go with the flow’ might have been the ratio-decedendi. After all, most violent criminals in america are closet pacifists/peace corp members and if the body says yes or no but the mind subconsciously says yes, only then will a rape happen (NOT!); and, no violent rapist would let a LIVE/CONSCIOUS rape-resistor get in the way of implicit consensual rape. Wow! I initially was going to quip, ‘he doesn’t get out much’; but, maybe he just ‘gets out too much’. Wow! What more can anyone say! [ If the foregoing didn’t make sense to you, that’s because the californication judge’s outrageous statement is absolutely preposterous! ] }

50 Shocking Questions That You Should Ask Yet

http://albertpeia.com/50shockingquestions.htm

A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm

30 Population Control Quotes That Show That The Elite Truly Believe That Humans Are A Plague Upon The Earth

http://thetruthwins.com

http://albertpeia.com/humanplagueonearth.htm

{ It really doesn’t matter what they believe; but rather, it’s what is, that counts. Anyone with average intelligence or better, if they’ve been paying attention, ineluctably must conclude that humans are a ‘net negative’ in real terms. That will never change! Human beings are, on balance, inherently destructive. Fortunately, universally, there is no significant impact inasmuch as the human plague is confined to this solar system; and, for all intents and purposes, to this dying planet. Remember, there’s just decades left at best! }

29 Signs That The Elite Are Transforming Society Into A Total Domination Control Grid

http://thetruthwins.com

http://albertpeia.com/dominationcontrolgrid.htm

{ First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently, primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. }

[ 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said:

The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing

http://albertpeia.com/planetalreadyruined.htm ]

The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die

http://thetruthwins.com

http://albertpeia.com/allfornaught.htm

[ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

Insiders now aggressively bearish Marketwatch

Guest Post: All Is Well Submitted by Tyler Durden on 02/06/2013

“Facts do not cease to exist because they are ignored.” – Aldous Huxley

The entire system is corrupt to its core. Both political parties, regulatory agencies, Wall Street, the Federal Reserve, and mainstream media are participants in this enormous fraud. They grow more desperate and bold by the day. The lies, misinformation and propaganda being spewed on a daily basis become more outrageous and audacious. They are using the Big Lie method on a grand scale. They frantically need to lure the muppets into the stock market and the housing market to keep the game going a little longer. You can sense we are reaching a tipping point. The system they have created is mathematically unsustainable. Therefore, it will not be sustained.

20 Signs That The U.S. Economy Is Heading For Big Trouble In The Months Ahead

http://albertpeia.com/20signsuseconomyinbigtrouble.htm

How Corrupt is Goldman Sachs? { Short answer … VERY! } Goldman Clients Get the Shaft... AGAIN http://www.wealthdaily.com FEB 20 - BRITON RYLE The latest example of Goldman's profit-mongering deceit is so blatant, so downright perverse, it's almost comical. Almost. Analyst Briton Ryle explains... { Prosecution, disgorgement, and jail is where they belong!

Spain Just Issued a Warning: The System is Blowing Up Again

http://albertpeia.com/spainswarningofsystemcollapse.htm

Drudgereport: 2-20-13 800,000 PENTAGON LAYOFFS...
Three-hour security lines at airport?
FOURNIER: 'Mr. President, This is Crazy'...
Fed Officials Divided On Inflationary, Failed Endless Pumping...
Desperate U.S. Postal Service tries to find its 'cool' factor...
Jesse Jackson Jr. pleads guilty to campaign finance fraud...
White Britons are minority in London for first time... { Yeah … and like america, the brits are acting like a bunch of niggers! }
Russia seeks return of adopted boy in US after brother's death...
PHOTOS: Four months after Hurricane Sandy, Jersey Shore still a wasteland... { At least, some good news … http://albertpeia.com/jerseywasteland.htm }

I’ve not posted to my website, etc., (except for myahoo daily news inasmuch as the dates are already posted), since 2-08-13 because … it’s the lunar new year and Chinese markets are not open …… just kidding! ….. because I’m on vacation … just kidding again! …..actually, because I’m backing up my entire website to one of my laptops. It’s taking longer than anticipated as I now enter the fourth day of download (has taken five days, total) [through no fault of Time Warner – they offer a superfast internet service/connection for more money which is far more than I need relative to cost though truth be told, I lamented it would have been handy for this time-consuming, ‘laborious’/tedious task (requiring surface attention, ie., file overwrites, preventing automatic shutdown for installation of windows updates, etc., interrupting the FTP flow) which I didn’t want to foul by usurping bandwith/memory for this mundane endeavor]. The new HP laptop with extra-large disk space running windows 8 which I specifically bought for this intended purpose of backup became problematic inasmuch as the screen-saver was not readily turned off as is easily discernible and accomplished in other windows op systems and which cut out my ftp connection (filezilla courtesy of mozilla/firefox is great) when operative. The fixes as per google search either weren’t present in this windows 8 offering or, from my perspective, not worth the risk (one such was a registry editing program/script that disabled screensaver which I could not and did not risk – remember, with google/nsa links you see what they want you to see, which of itself is informational). I thereupon used a crossover cable to transfer files from my other laptop which I’m using for the backup files - windows 8 saw it just fine which had not been the case with prior windows versions when I tried same. Interestingly (or not), and I can’t even say how, on the new windows 8 laptop, after some belated ‘tinkering’, up popped an AMD power/vision window which allowed for my ‘never’ entries on screensaver for both battery (longer battery-held charge probably the reason for the ‘intended’ difficulty regarding disabling same?) and plug-in/adapter, but the older HP laptop’s already doing just fine.

I no longer will be following/posting Dave’s Daily. Quite simply, I believe Dave’s lost his edge, or more euphemistically, his objectivity; but, primarily for the following reason:

Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! } “Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical)…”

Dave’s business is stocks and he’s a seasoned professional that I began following solely for his acute sense of humor and likeable nature thereby (as well as the obviousness of his formidable education however acquired); then for succinct summaries of market action wherein he never shirked from calling a spade a spade. That’s changed somewhat; and, not just because he’s admittedly long on stocks. Stocks are what he does, every day; and, I assume the funds he manages to be manageable in size and liquid enough to get out when necessary without such substantial damage as might otherwise be the case. More recently, his tone has changed even, however sarcastically, referring to ZeroHedge as ‘wiseguys’ in stating a truth he full well knows to be true (Dave’s now 100%hedged, not as they are 0%hedged in their commentary). I can understand that. I don’t begrudge Dave’s business approach and wish him well. I’m more focused on critical data for those who have neither the time, energy, nor inclination to parse criminal insanity which literally is all the financial/stock markets have become; initially here, but now as ubiquitous as the fraudulent squid (goldman sachs among now many others) globally. There has never in the history of this planet been such dire financial/economic/logistical/demographic circumstances/predicaments as now (sheer magnitude and computerized fraud, obfuscation has exacerbated this ominous scenario unlike any before). That this all will end quite badly, disastrously, there is no question as such is an absolute certainty!

Insiders now aggressively bearish Marketwatch

Guest Post: All Is Well

Submitted by Tyler Durden on 02/06/2013

“Facts do not cease to exist because they are ignored.” – Aldous Huxley

The entire system is corrupt to its core. Both political parties, regulatory agencies, Wall Street, the Federal Reserve, and mainstream media are participants in this enormous fraud. They grow more desperate and bold by the day. The lies, misinformation and propaganda being spewed on a daily basis become more outrageous and audacious. They are using the Big Lie method on a grand scale. They frantically need to lure the muppets into the stock market and the housing market to keep the game going a little longer. You can sense we are reaching a tipping point. The system they have created is mathematically unsustainable. Therefore, it will not be sustained.

Heffernan: Microsoft is back — Why the dorky Apple rival is suddenly cool { Forget cool, when it comes to computers/computing, I’m more concerned with stability and performance. As a critic of Microsoft beyond their breakthrough Windows 2000 (professional) and Word offerings, I felt compelled to comment here. XP was a dog and deserving of criticism (innumerable problems including acting as a ‘virus magnet’). Quite by ‘accident’, I plugged in an old apple usb mouse and my problems with vista (sic), Windows 7, literally disappeared (I then ordered a new usb mouse for right-click, scroll capability). Vista…Whoops, my mistake…I meant to say Windows 7 (not thinking there’s a difference; obviously I haven’t followed their recent past misguided exploits closely)… Windows 7 is by far and away superior to xp (and Vista) in every way. It apparently was the legacy mouse and problems created thereby (with ram, resources, cache/processor, etc.) that impaired stability and performance and I’m happy to say thus far, Windows 7 (with updates to date) is a solid successor to 2000 and microsoft’s best operating system to date (I had a minor problem with cache/memory which required a work-around and elimination of a program ‘shortcut’ … not a fatal error, but not good either, and no such problems since). I’m now nearly 100% Hewlett Packard (2 desk tops/2 laptops) and really must say that’s a big credit to Hewlett Packard (in 1999 I bought a Compaq laptop for $1,200 new, and it didn’t even boot. To Office Depot’s credit, they gave me my money back – no small task in america today. I thereupon regretfully bought a Sony VAIO – I’ve always had high regard for the late, brilliant Morita – and although windows millennium can be faulted somewhat, I was not able to upgrade to windows 2000 professional for whatever proprietary reason. Computers are just not Sony’s thing. The new HP laptop has windows 8 which I can’t evaluate fairly since the touchscreen capability is not available for this laptop –built into the price however- but it seems stable as is so of windows 7, supra, and the HP laptop a very good value. }

Federal Reserve Money Printing Is The Real Reason Why The Stock Market Is Soaring

http://albertpeia.com/fedmoneyprinting.htm

Who Tells Us What To Think? Does The Mainstream Media = The Matrix?

http://theeconomiccollapseblog.com

http://albertpeia.com/mainstreammediamatrix.htm

Show This To Anyone That Believes That “Things Are Getting Better” In America

http://theeconomiccollapseblog.com

http://albertpeia.com/thingsgettingworseinamerica.htm

Money Is A Form Of Social Control And Most Americans Are Debt Slaves

http://theeconomiccollapseblog.com

http://albertpeia.com/socialcontroldebtslaves.htm

Is It Fair For People On Food Stamps To Buy Prime Rib And Lobster While Working Families Barely Survive?

http://theeconomiccollapseblog.com

http://albertpeia.com/wobamagravytrain.htm

From: "Adam Green, BoldProgressives.org" <info@boldprogressives.org>
To: Albert Peia <albert_peia@yahoo.com>
Sent: Wednesday, February 13, 2013 10:36 AM
Subject: Social Security & Xavier Becerra

---

Albert...Overnight, 40,000 people became citizen supporters of Congressmen Alan Grayson and Mark Takano's letter against cuts to Social Security, Medicare, and Medicaid benefits.

  -----

I frankly have been immediately involved as follows:

I’ve not posted to my website, etc., (except for myahoo daily news since the dates are already posted), since 2-08-13 because … it’s the lunar new year and Chinese markets are not open …… just kidding! ….. because I’m on vacation … just kidding again! …..actually, because I’m backing up my entire website to one of my laptops. It’s taking longer than anticipated as I now enter the fourth day of download (has taken five days, total) [through no fault of Time Warner – they offer a superfast internet service/connection for more money which is far more than I need relative to cost though truth be told, I lamented it would have been handy for this time-consuming, ‘laborious’/tedious task (requiring surface attention, ie., file overwrites, preventing automatic shutdown for installation of windows updates, etc., interrupting the FTP flow) which I didn’t want to foul by usurping bandwith/memory for this mundane endeavor]. The new HP laptop with extra-large disk space running windows 8 which I specifically bought for this intended purpose of backup became problematic inasmuch as the screen-saver was not readily turned off as is easily discernible and accomplished in other windows op systems and which cut out my ftp connection (filezilla courtesy of mozilla/firefox is great) when operative. The fixes as per google search either weren’t present in this windows 8 offering or, from my perspective, not worth the risk (one such was a registry editing program/script that disabled screensaver which I could not and did not risk – remember, with google/nsa links you see what they want you to see, which of itself is informational). I thereupon used a crossover cable to transfer files from my other laptop which I’m using for the backup files - windows 8 saw it just fine which had not been the case with prior windows versions when I tried same. Interestingly (or not), and I can’t even say how, on the new windows 8 laptop, after some belated ‘tinkering’, up popped an AMD power/vision window which allowed for my ‘never’ entries on screensaver for both battery (longer battery-held charge probably the reason for the ‘intended’ difficulty regarding disabling same?) and plug-in/adapter, but the older HP laptop’s already doing just fine.

That said, it's no mystery that john boner is not a bright man, a fact that's not lost on anyone including his (rusted, rust-belt) home state of ohio which lamentably was carried by wobama who should be impeached. It doesn't matter what wobama says, but rather what he does that counts. First, start with prosecution/disgorgement from the huge frauds in the trillions, protected on capital hill, including the likes of wobama contributor, jon corzine et als. Second, fraud in social security disability is rampant and must be eliminated. Term limits and paycuts for congress are appropriate owing to egregiously failed performance, along with cuts to budgetary allotments to the wasteful government employee slugs and bureaucracy. People should be educated on the notion of 'utility' of, ie., a dollar to a rich man relative to a poor man, which argues for progressive rates of taxation; and hence, as supported by warren buffet, higher taxes in absolute terms on the rich without gorging them (most wealthy people in america are either overpaid, ie., ceos relative to other countries, or are criminals in deriving their fortunes, as ie., wall street, trump, other mobsters/mafia, etc., and as I've alluded to from my direct observation and experience, immediately infra (that's all for now as I must get back to finishing my backup tasks which are nearly complete.

This probably is indicative of their acknowledgement of their concerted, failed money-printing/over-spending modus operandi and the inevitable hyperinflation to follow.

Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! } “Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical)…”

Insiders now aggressively bearish Marketwatch

Too Scared To Jail: Untouchable Banks http://www.wealthdaily.com FEB 06 - ADAM ENGLISH Department of (In)Justice We're all second class citizens when the Department of Justice refuses to enforce the law. It's "too big to jail" that comes out on top... Read More...

Guest Post: All Is Well

Submitted by Tyler Durden on 02/06/2013

“Facts do not cease to exist because they are ignored.” – Aldous Huxley

The entire system is corrupt to its core. Both political parties, regulatory agencies, Wall Street, the Federal Reserve, and mainstream media are participants in this enormous fraud. They grow more desperate and bold by the day. The lies, misinformation and propaganda being spewed on a daily basis become more outrageous and audacious. They are using the Big Lie method on a grand scale. They frantically need to lure the muppets into the stock market and the housing market to keep the game going a little longer. You can sense we are reaching a tipping point. The system they have created is mathematically unsustainable. Therefore, it will not be sustained.

40 Ways That China Is Beating America

http://endoftheamericandream.com

http://albertpeia.com/40wayschinabeatingamerica.htm

It’s Time For Name That Insolvent Banking System!

February 14, 2013 http://gainspainscapital.com

http://albertpeia.com/insolventbankingsystems.htm

Europe is Fixed? Just Like Wall Street Was “Fixed” in May 2008, How’d That Turn Out?

February 13, 2013 http://gainspainscapital.com

http://albertpeia.com/europeaintfixed.htm

WARNING: The EU Crisis is BACK and Will Be Getting Worse in the Coming Weeks

February 12, 2013 http://gainspainscapital.com

http://albertpeia.com/eucrisisbackandworse.htm

Petrogold: Are Russia And China Hoarding Gold Because They Plan To Kill The Petrodollar?

http://theeconomiccollapseblog.com

http://albertpeia.com/deathofpetrodollar.htm

Watch The Financial Markets In Europe

http://albertpeia.com/europeanmeltdown.htm

U.S. stocks close lower on buying fatigue Marketwatch { Wow! Buying fatigue! Riiiiight! How ‘bout those paper bubble-market QE fed air bubble stocks are not worth the paper they’re printed on, beyond the fraud and computerized manipulation; particularly when factoring macro and micro economic reality! } , Do Wall Street Insiders Expect Something Really BIG To Happen Very Soon? http://albertpeia.com/marketcrashcomin.htm , Tony Bennett: If Americans Keep Firearms, “Rest of the World Will Really Take Care Of Us” Kurt Nimmo | Compares America upholding Second Amendment to Nazi Germany. { Come on! Who takes anthony dominick benedetto aka tony bennett seriously … his herpes virus has probably migrated to his brain! Probably a Mussolini fan and in real time at that! } , The European House of Cards is About to Collapse http://albertpeia.com/europeanhouseofcards.htm

Shocking Numbers That Show The Media Is Lying To You About Unemployment In America

http://albertpeia.com/medialyingaboutusunemployment.htm

Tawana Brawley served with court order to pay man she accused of rape in 1987

http://albertpeia.com/rememberingtawanabwana.htm

http://albertpeia.com/obamarecession2013.htm

http://albertpeia.com/fedsplinters.htm

It’s Time For Name That Insolvent Banking System!

February 14, 2013 http://gainspainscapital.com

http://albertpeia.com/insolventbankingsystems.htm

Europe is Fixed? Just Like Wall Street Was “Fixed” in May 2008, How’d That Turn Out?

February 13, 2013 http://gainspainscapital.com

http://albertpeia.com/europeaintfixed.htm

WARNING: The EU Crisis is BACK and Will Be Getting Worse in the Coming Weeks

February 12, 2013 http://gainspainscapital.com

http://albertpeia.com/eucrisisbackandworse.htm

Do Wall Street Insiders Expect Something Really BIG To Happen Very Soon? http://albertpeia.com/marketcrashcomin.htm

U.S. stocks close lower on buying fatigue Marketwatch { Wow! Buying fatigue! Riiiiight! How ‘bout those paper bubble-market QE fed air bubble stocks are not worth the paper they’re printed on, beyond the fraud and computerized manipulation; particularly when factoring macro and micro economic reality! } , , Tony Bennett: If Americans Keep Firearms, “Rest of the World Will Really Take Care Of Us” Kurt Nimmo | Compares America upholding Second Amendment to Nazi Germany. { Come on! Who takes anthony dominick benedetto aka tony bennett seriously … his herpes virus has probably migrated to his brain! Probably a Mussolini fan and in real time at that! } , The European House of Cards is About to Collapse http://albertpeia.com/europeanhouseofcards.htm

Who Controls The Money? An Unelected, Unaccountable Central Bank Of The World Secretly Does

http://albertpeia.com/bankforinternationalsettlementscontrolsthemoney.htm

These Guys “Made” 2% of Their Country’s GDP Last Year February 6, 2013 http://gainspainscapital.com http://albertpeia.com/2percenters.htm { I include this here because I’m against the lie and failed system of communism (China’s gains have been ‘capitalist’) which invites corruption by way of powerful, entrenched bureaucracies of for the most part relatively untalented, unproductive people; much like the pervasively corrupt america today that I have observed closely and directly experienced http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm … then as well, there’s the wars, huge protected (ie., wall street, etc.) frauds, etcetera..}

El-Erian On Stocks: "Prices Are Artificially High - It’s Time to Take Profits"

Submitted by Tyler Durden on 02/15/2013 - "It’s not going away, it’s going to get worse," is how PIMCO's Mohamed El-Erian warns Yahoo's Lauren Lyster about central bank policy and the currency wars that are so much in discussion currently. Central banks have been compelled to undertake unconventional measures, things they haven’t done before, because other policymakers are not stepping up to take responsibility on the fiscal side. These implicit devaluations and beggar-thy-neighbor policies force a lot of liquidity into the system and by pushing up asset prices, central banks believe, create a 'weath effect'. It can also trigger “animal spirits” – we get all excited and invest more. In terms of equity markets, El-Erian says investors are split into two camps. One camp believes that everything will go higher and central banks will succeed in their efforts. The other camp believes asset prices are going to come down to meet the fundamentals. El-Erian puts himself in the second camp. “We think that prices are artificially high, that maintaining them here is going to be hard as central banks become less effective, and that it’s time to book some profits and to wait for some better entry points,” he explains. He clarifies that this is not a “Lehman moment." But “prices that have gotten way ahead of what policy can deliver,"

Goldman 'Explains' The 'Market': "Best Not To Look A Gift-Horse In The Mouth"

Submitted by Tyler Durden on 02/19/2013 - Good news, bad news, no news, dips, no dips, who cares. As Goldman sales/trading desk says, never look a gift-Bernanke in the mouth (especially if he ends up in a frozen lasagna at a store near you).

From GS:

A solid rally today and new cycle highs for US equities – but that’s where the story stops. No obvious catalyst. No bullish data. European stocks traded well, with most people pointing to a better German ZEW print, but it’s not clear why that would translate into such a strong US trading session. Maybe it’s best though not to look a gift-horse in the mouth.

One can't help but laugh at this "market." { Riiiiight! Sounds like a plan! The ‘gift-horse’ that’s … not a gift-horse at all … You’re paying through your nose and teeth. It was amusing to see mainstream media puzzling over the record high gas prices so early in this time of year, and as well, the coming jump in beef prices. There’s no mystery here! This is the natural and inevitable concomitant to ‘printing presses gone wild’. Not printing presses for product for intellectual consumption; but rather, printing presses (whether by print or computer leger entry) for those ever more worthless paper fiat dollars backed by nothing but insurmountable debt of a defacto bankrupt nation. Remember: There’s no free lunch … fraudulent wall street’s predictable/intended gain (from QE, currency debasement, etc.) is your substantial pain! It’s the zimbabwee financial model gone american …

Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! } “Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical)…”

Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe.

Global ‘credit supernova’ turns 2013 bull to bear Marketwatch

Paul B. Farrell Archives | Email alerts Feb. 9, 2013, 6:02 a.m. EST Global ‘credit supernova’ turns 2013 bull into bear

Commentary: Bill Gross warns about Fed’s cheap-money schemes

By Paul B. Farrell, MarketWatch

SAN LUIS OBISPO, Calif. (MarketWatch) — ‘Bill Gross predicting a “Credit Supernova.” Yes, that’s what the “Bond King” sees dead ahead. He knows, his firm has $2 trillion at risk of collapsing into the “Black Hole” coming after the Credit Supernova, when the Federal Reserve cheap money finally explodes in America’s face, brings down the economy, again.

Gross’s Credit Supernova metaphor is the explosive headline on his latest Pimco newsletter. So what’s a supernova? Jump over to the Space.com’s parallel universe where you’ll discover a supernova happens when a “blindingly bright star bursts into view in a corner of the night sky ... burns like a ... brilliant point of light.”

A supernova is “the explosion of a star that has reached the end of its life ... Supernovas can briefly outshine entire galaxies and radiate more energy than our sun will in its entire lifetime.”

Yes, a supernova is the “explosion of a star that has reached the end of its life.”

“End of its life?” Is America’s star economy burning out? Sure sounds like it: Gross is doing more than just hinting with his Credit Supernova metaphor. He’s predicting the collapse of the American economy and global financial markets, far worse than the 2008 Wall Street bank credit collapse, worse than the 2000 dot-com crash.

As the folks over at Business Insider put it: “Investment banks have morphed markets with ‘Ponzi Finance.’ And time is almost up.”

Fed’s Ponzi scheme: Credit expansion killing economic growth

Business Insider’s Matthew Boesler summarized Gross’s rather cryptic metaphor this way: Gross’s newsletter “tackles the relationship between credit expansion and real growth” where under Bernanke the Fed’s cheap-money bubble makes our monetary problems get bigger as the Fed keeps kicking them down the road.

So the Fed’s “Ponzi Finance” must run its printing presses full blast to pump more and more credit into the economy “just to cover increasingly burdensome interest payments, with accelerating inflation the end result.”

The problem is huge: Bernanke’s Ponzi Finance is self-sabotaging. Endless cheap money upsets the balance between credit expansion and real economic growth, resulting in diminishing returns: “Each additional dollar of credit seems to create less and less heat. In the 1980s, it took four dollars of new credit to generate $1 of real GDP. Over the last decade, it has taken $10, and since 2006, $20 to produce the same result.” Bad news.

Yes, Wall Street and central banks worldwide are the engine driving Bernanke’s Ponzi scheme straight into a Credit Supernova bubble. Why? Because in the past generation more and more of the Fed’s new credit was channeled into market speculation, distorting the balance between markets and the real economy.

“Investment banking, which only a decade ago promoted small-business development and transition to public markets, now is dominated by leveraged speculation and the Ponzi Finance.”

Gross warns: As a result, “our credit-based financial markets and the economy it supports are levered, fragile and increasingly entropic — it is running out of energy and time. When does money run out of time? The countdown begins when investable assets pose too much risk for too little return; when lenders desert credit markets for other alternatives such as cash or real assets,” a trend that’s already accelerating as more and more investors wise up to Wall Street’s dangerous Ponzi Finance, anticipating that a Credit Supernova will soon bring down Bernanke’s totally mismanaged monetary system, probably in 2013, months before his scheduled retirement.

After Credit Supernova will banks see the light ... or stay blinded?

Alan Blinder is familiar to Wall Street Journal readers and investors. The former vice chair of the Federal Reserve just published “After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead.” His recent New York Times op-ed piece is a perfect playbook of what’s coming after Wall Street’s Credit Supernova explodes.

Blinder opens by quoting Hegel: “What experience and history teaches us is that people and governments have never learned anything from history.” But then Blinder adds, “actually, I think people do learn. The problem is that they forget, sometimes amazingly quickly. That seems to be happening today, even though recovery from the economic debacle of 2008-9 is far from complete. Evidence of this forgetting is everywhere.”

His list of Wall Street’s mental blocks is all too familiar. They are blind, in denial. So Blinder “encapsulates what we must remember about the financial crisis into 10 financial commandments, all of which were brazenly violated in the years leading up to the crisis.”

Imagine his frustration, like Moses coming down from the mountain, seeing the people partying, honoring false idols, the golden calf of profits. Wall Street did the same, forgot in 2000, forgot again in 2008, went back to the same old tricks.

Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?

http://theeconomiccollapseblog.com

http://albertpeia.com/retailapocalypse.htm

Drudgereport: 2-19-13 Sheriff Warns Of 'Second American Revolution'...
REPORT: Ohio Poll Worker May Have Voted SIX TIMES... { Finally Drudge! … I thought you’d never get to this! }
ATLANTIC CITY'S NEWEST CASINO TO FILE FOR BANKRUPTCY...
Gas prices could hit all-time record highs... { wall street’s gains, your pains! }
USDA to illegals: Don't worry, food stamps won't affect citizenship chances...
Thieves Steal $160K Worth Of Bronze From Mausoleums, Grave Sites...
REPORT: Secret U.S. military flights carried officials, equipment to NKorea...
Woman turns 102; Quits 82-year smoking habit...

SUPER SECRET SPRING BREAK: PRESS KEPT AWAY The White House press corps is expressing frustration over its lack of access this weekend to President Obama, who was on a golfing vacation in Florida.
Leading Geneticist: Human Intelligence Declining... http://albertpeia.com/humanintelligencedeclining.htm
FACEBOOK GETS MULTIBILLION-DOLLAR TAX BREAK
CHICAGOLAND: Feds issue Jesse Jackson Jr. indictment -- while Obama in town to deliver speech...
Obama Agenda Seen as Dead in Water by Republicans...
State of The Union Viewership Drops 11%...
Least Watched Since 2000...
LIMBAUGH: Obama Will Never Be Held Responsible for Anything...
Milbank: The debauched...
Pair Of Pit Bulls Go Wild, Viciously Attack 4 People In 30-Minute Rampage ...
Dog facelift ends in tragedy...
Knut skinned, fur used for new museum statue...

SEC Freezes Assets In 'Suspicious' HEINZ Trading...
Swiss Account...

Copper Thieves Darken Detroit Freeways...

I no longer will be following/posting Dave’s Daily. Quite simply, I believe Dave’s lost his edge, or more euphemistically, his objectivity; but, primarily for the following reason:

Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! } “Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical)…”

Dave’s business is stocks and he’s a seasoned professional that I began following soley for his acute sense of humor and likeable nature thereby (as well as the obviousness of his formidable education however aquired); then for succinct summaries of market action wherein he never shirked from calling a spade a spade. That’s changed somewhat; and, not just because he’s admittedly long on stocks. Stocks are what he does, every day; and, I assume the funds he manages to be manageable in size and liquid enough to get out when necessary without such substantial damage as might otherwise be the case. More recently, his tone has changed even, however sarcastically, referring to ZeroHedge as ‘wiseguys’ in stating a truth he full well knows to be true (Dave’s now 100%hedged, not as they are, 0%hedged in their commentary). I can understand that. I don’t begrudge Dave’s business approach and wish him well. I’m more focused on critical data for those who have neither the time, energy, nor inclination to parse criminal insanity which literally is all the financial/stock markets have become; initially here, but now as ubiquitous as the fraudulent squid (goldman sachs among now many others) globally. There has never in the history of this planet been such dire financial/economic/logistical/demographic circumstances/predicaments as now (sheer magnitude and computerized fraud, obfuscation has exacerbated this ominous scenario unlike any before). That this all will end quite badly, disastrously, there is no question as such is an absolute certainty!

Insiders now aggressively bearish Marketwatch

{ We’ve never, in the entire history of economics, finance, markets seen the disconnect from economic/financial reality and fundamentals as pronounced and as great as now. The reality of modern-day computer programs/algos/frauds at lightning computerized speed and sheer desperation on fraudulent wall street whose ever larger protected frauds are literally cheered by failed american leadership at every level. Right now, though contraindicated, the superstitious January effect is in play and manipulated to meet faux bullish expectations. Then too, without doubt, what will be their excuse to not ‘sell in May and go away’ which really should be the mantra at present, now, beyond the hot air, smoke and mirrors, fraud and b***s*** we’re once again seeing in large measure, encouraged and received with ebulliently poised irrational exuberance on wall street and in washington. Remember the ralleys in sympathy with Apple exuberance, all of which we now know to have had a foundation of little more than ‘apple sauce’. Total b***s***! What’s the next b***s*** story/sizzling fraud? The ‘money’ being cashed out by these frauds has to come from someplace (the real economy) and has already found a way into understated/underreported inflation rates (for a multiple of staples including food prices), lower margins through higher costs thereby manipulated somewhat by currency manipulations, all of which will be ‘coming due’ in a very big way to the downside, reality-based blowout around the corner. }

37 Statistics Which Show How Four Years Of Obama Have Wrecked The U.S. Economy

http://albertpeia.com/4yearsofobamawreckedus.htm

A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm

Watch The Financial Markets In Europe

http://theeconomiccollapseblog.com

http://albertpeia.com/europeanmeltdown.htm

U.S. stocks close lower on buying fatigue Marketwatch { Wow! Buying fatigue! Riiiiight! How ‘bout those paper bubble-market QE fed air bubble stocks are not worth the paper they’re printed on, beyond the fraud and computerized manipulation; particularly when factoring macro and micro economic reality! } , Do Wall Street Insiders Expect Something Really BIG To Happen Very Soon? http://albertpeia.com/marketcrashcomin.htm , Tony Bennett: If Americans Keep Firearms, “Rest of the World Will Really Take Care Of Us” Kurt Nimmo | Compares America upholding Second Amendment to Nazi Germany. { Come on! Who takes anthony dominick benedetto aka tony bennett seriously … his herpes virus has probably migrated to his brain! Probably a Mussolini fan and in real time at that! } , The European House of Cards is About to Collapse http://albertpeia.com/europeanhouseofcards.htm

The Fed is Beginning to Remove the Punchbowl… Are You Ready For What’s Coming?

http://albertpeia.com/fedpunchedout.htm

Do Wall Street Insiders Expect Something Really BIG To Happen Very Soon? http://albertpeia.com/marketcrashcomin.htm

Too Scared To Jail: Untouchable Banks http://www.wealthdaily.com FEB 06 - ADAM ENGLISH Department of (In)Justice We're all second class citizens when the Department of Justice refuses to enforce the law. It's "too big to jail" that comes out on top... Read More...

{AP1-23-13: No! I didn’t watch the monkey bowl nigger show at half-time, and only parts of this year’s monkey bowl. Wow! San franny, on their fanny, should give former san fran mayor, venalla feinstein a call to send in the big guns before she bans them. Whoops…need to break the momentum of rival of niggertown favorite, san fran so power outage in niggertown new orleans…definitely hurricane katrina’s fault…riiiiight …better give nigger ray nagin a call to get things back up and runnin’…whoops, no can do – nigger ray’s just been indicted ( http://www.nola.com/crime/index.ssf/2013/01/a_breakdown_of_the_payments_to.html ) …Besides, this is a great way to level the playing field for the hometown nigger purse-snatchers…you know, lights out and all. Actually, I truly am rooting for the ravens, but not much…reason? To thwart this year’s egregious wall street fraudulent, manipulated ‘january effect’ superstition; viz., an AFL team nigger bowl win means according to mental case wall street superstition, bear market/bad stock market (actually, ‘sell now before may and go away’ is the apposite axiom regardless who wins). This is the last monkey bowl I’ll be watching even part of. If you’re rooting for san Francisco, be sure to where some flowers in your hair. This was the sh**iest monkey bowl I’ve ever seen even a part of! }

{ Talk about monkey bowls, after today’s rout the ‘pundits’, NBR, ‘money honeys’, etc., have been recently and even today talking up the recent moves into the market by ‘the little guy’ (historically known as the ‘dumb money’, but ‘this time it’s different … NOT!). This contraindicated, pomo’d bubble market has all the earmarks of a classic ‘sting’! (Suck ‘em in, suck ‘em dry!) }

Drudgereport: 2-08-13 EX-LAPD WANTED IN COP SHOOTINGS...
Left 20-page manifesto on FACEBOOK...
Uncensored... { http://albertpeia.com/niggersmanifesto.htm }
Supports gun control, Obama and Piers Morgan... { Yeah … and venal-la feinstein’s position on guns too … he seems the perfect fit for DHS (homeland security); you know, disarm the sane leaving them defenseless while stocking up on heavy weaponry they and other nut-cases can kill you with … loves O …You can’t make this stuff up in pervasively corrupt, meaningfully lawless, defacto bankrupt america http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
Wrote online message to Tebow...
Two innocent women shot by police in manhunt...
Statewide 'officer safety alert' issued...
POLL: Obama's approval rating collapses; 46%...
HA HA! Ohio Election Official: 'I Voted Twice for Obama'... { And, far from alone, election fraud was rampant! }
Kitty Kelley goes soft in Obama Era... { Indeed! And, like never before, there’s so much there. Afraid of the niggers? Probably! What journalistic cowardice and lack of journalistic integrity! And, not just with her! }
BLIZZARD NOW
DETAILS: NYC... BOS... RADAR...
HISTORIC, EXTREME SNOW...
Winds near hurricane force...
WATCHES/WARNINGS...
Long Gas Lines...
'Panic Shopping'...
Neurosurgeon Lectures Obama on Obamacare... ( DR. CARSON: ‘Here's my solution: When a person is born, give him a birth certificate, an electronic medical record, and a health savings account to which money can be contributed -- pretax -- from the time you're born 'til the time you die. When you die, you can pass it on to your family members, so that when you're 85 years old and you got six diseases, you're not trying to spend up everything. You're happy to pass it on and there's nobody talking about death panels. Number one. And also, for the people who were indigent who don't have any money we can make contributions to their HSA each month because we already have this huge pot of money. Instead of sending it to some bureaucracy, let's put it in their HSAs. Now they have some control over their own health care.’) { Sounds smart, good, and rational to me! }

Insiders now aggressively bearish Marketwatch

Guest Post: All Is Well

Submitted by Tyler Durden on 02/06/2013

“Facts do not cease to exist because they are ignored.” – Aldous Huxley

The entire system is corrupt to its core. Both political parties, regulatory agencies, Wall Street, the Federal Reserve, and mainstream media are participants in this enormous fraud. They grow more desperate and bold by the day. The lies, misinformation and propaganda being spewed on a daily basis become more outrageous and audacious. They are using the Big Lie method on a grand scale. They frantically need to lure the muppets into the stock market and the housing market to keep the game going a little longer. You can sense we are reaching a tipping point. The system they have created is mathematically unsustainable. Therefore, it will not be sustained.

U.S. stocks close lower on buying fatigue Marketwatch { Wow! Buying fatigue! Riiiiight! How ‘bout those paper bubble-market QE fed air bubble stocks are not worth the paper they’re printed on, beyond the fraud and computerized manipulation; particularly when factoring macro and micro economic reality! } , Do Wall Street Insiders Expect Something Really BIG To Happen Very Soon? http://albertpeia.com/marketcrashcomin.htm , Tony Bennett: If Americans Keep Firearms, “Rest of the World Will Really Take Care Of Us” Kurt Nimmo | Compares America upholding Second Amendment to Nazi Germany. { Come on! Who takes anthony dominick benedetto aka tony bennett seriously … his herpes virus has probably migrated to his brain! Probably a Mussolini fan and in real time at that! } , The European House of Cards is About to Collapse http://albertpeia.com/europeanhouseofcards.htm

Drudgereport: 2-07-13 Panetta: Obama Absent Night of Benghazi...
Hillary AWOL...
GENERAL: 'We Never Received a Request for Support'...
86-Year-Old Woman Uses Gun on Intruder...
Currency Wars Return, 1930s Style...
Fed Has Bought More U.S. Debt This Year Than Treasury Issued...
LaHood: 'America is one big pothole'... { Unfortunately, the reality is that america’s far worse than just a big pothole! }
Top London Properties Now Worth More Than All Rest of UK... { In other words, Not Worth It! }

Drudgereport: 2-06-13 Obama drone strike killed 16-year-old born in Denver...
DOJ: 'LEGAL'...
O: HOW I LEARNED TO LOVE THE DRONES
Harry Reid caught lying about '$2.6 trillion' in cuts passed by Senate...
REPORT: FBI's underage prostitution probe of Bob Menendez moves to NJ...
Panetta to propose military pay cut...Obama raised Joe Biden's salary...
DIE HARD: Bruce Willis Fights Gun Control...
George Zimmerman family 'threatened by niggers,' requires security, on the move...

CHICAGOLAND: Police To No Longer Respond Immediately To Burglaries, Car Thefts...
{In the latest nigger news:} Flash Mobs Turning Into Epidemic On NYC Streets; NYPD Powerless...
3 People Stabbed On NYC Subway Platform...
Basketball Coach Shoots Attackers... (WXYZ) - Police sources tell 7 Action News that a women's basketball coach from Martin Luther King, Jr. Senior High School shot two men who attacked him as he was walking two basketball players to their cars in the school parking lot.CLICK HERE FOR THE LATEST UPDATES Police sources say the coach was walking the two girls to their cars when two men allegedly approached and one pulled out a gun and grabbed him by his chain necklace. The coach then pulled out his gun and shot both of them, according to sources.The man who shot the attackers was 70 years old, according to police.One of the attackers was found dead in the median on Lafayette Boulevard, and the other was taken to a local hospital, according to police sources. We've learned that both of the men had attended the high school, and one had been recently expelled. Read more: http://www.wxyz.com/dpp/news/man-shot-near-martin-luther-king-jr-high-school-in-detroit#ixzz2K4VUwpF9
CBO: Obamacare will cost 7 million workers healthcare coverage...
Gas prices hit all-time record high for early Feb...
8,830,026: Americans on Disability Hits New Record...
Sheriff Joe's credit-card info stolen, used at Chicago grocery store...

Justice Department to sue Standard & Poor's...
FLASHBACK: S&P downgrades U.S. credit rating...
Rev Jackson calls for Homeland to patrol Chicago...
'Worse than Capone gangland days'...
CHICAGOLAND: Cops Shut Down Prostitution 'House Of Horrors'...
COPS: Teen throws boy, 9, off roof... http://albertpeia.com/negroesatplay.htm

The EU’s Systemic Corruption Makes Solving the Crisis Impossible

http://albertpeia.com/useusystemiccorruption.htm

Rise Of The Droids: Will Robots Eventually Steal All Of Our Jobs?

http://albertpeia.com/riseoftherobots.htm

Is This The Beginning Of A Horrifying Stock Market Crash In Europe?

http://albertpeia.com/stockmarketcrashineurope.htm

By Printing Money Central Banks Have Already Begun the Next Stage of Warfare

http://albertpeia.com/moneyprintingwarfare.htm

{AP1-23-13: No! I didn’t watch the monkey bowl nigger show at half-time, and only parts of this year’s monkey bowl. Wow! San franny, on their fanny, should give former san fran mayor, venalla feinstein a call to send in the big guns before she bans them. Whoops…need to break the momentum of rival of niggertown favorite, san fran so power outage in niggertown new orleans…definitely hurricane katrina’s fault…riiiiight …better give nigger ray nagin a call to get things back up and runnin’…whoops, no can do – nigger ray’s just been indicted ( http://www.nola.com/crime/index.ssf/2013/01/a_breakdown_of_the_payments_to.html ) …Besides, this is a great way to level the playing field for the hometown nigger purse-snatchers…you know, lights out and all. Actually, I truly am rooting for the ravens, but not much…reason? To thwart this year’s egregious wall street fraudulent, manipulated ‘january effect’ superstition; viz., an AFL team nigger bowl win means according to mental case wall street superstition, bear market/bad stock market (actually, ‘sell now before may and go away’ is the apposite axiom regardless who wins). This is the last monkey bowl I’ll be watching even part of. If you’re rooting for san Francisco, be sure to where some flowers in your hair. This was the sh**iest monkey bowl I’ve ever seen even a part of! }

{ Talk about monkey bowls, after today’s rout the ‘pundits’, NBR, ‘money honeys’, etc., have been recently and even today talking up the recent moves into the market by ‘the little guy’ (historically known as the ‘dumb money’, but ‘this time it’s different … NOT!). This contraindicated, pomo’d bubble market has all the earmarks of a classic ‘sting’! (Suck ‘em in, suck ‘em dry!) }

Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe

Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! }

Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical). Own 'productive assets', finance them at low fixed rates (thank you Ben), and finally, on HLF, don't bet against Dan Loeb.

5% Correction Sell Signal Triggered... Just Like In January 2011

Israeli Attack: Desperate Bid to Save Failed Syrian Campaign Tony Cartalucci | Israel has conducted airstrikes in Syria based on “suspicions” of chemical weapon transfers. { Yes, indeed! This was a somewhat typical (and costly for the u.s. and the rest of the world) act of desperation by the war crimes nation israel to keep the flames of war stoked in whatever ways possible. The israelis thrive on chaos at other people’s expense/cost and shed blood; and yet, they remain u.n. resolution/international law violators, with 200+ illegal nukes to boot, with barely a peep from the world community as they assume immoral authority to accuse other nations of their own lawless ways. This world can no longer afford war crimes nation israel. } Netanyahu Deploys 'Syrian' Iron-Dome As Israeli Minister Claims US Preparing 'Surgical' Strikes Against Iran { Israel warns of possible pre-emptive strike in Syria... Key facility hit? Kissinger: Iran nuclear crisis close... [ Kissinger Predicts Nuclear War with Iran { This would be a zionist wet dream come true! And, a disaster for literally everyone else, particularly for pervasively corrupt, defact bankrupt america whose prior orwellian pro-israeli moves have not turned out well for anyone including america except for israel, the war profiteers and the military industrial complex as warned against by the underrated but great president General Eisenhower! } Kurt Nimmo | Characterizes looming conflict as “a turning point in human history.” { Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby doesn’t even have to pay kissinger for such folly! How ‘bout the turning point being the misguided balfour declaration and the subsequent existing 200+ illegal israeli nukes! } Video: Globalist Kingpin Predicts Nuclear War with Iran Prison Planet.com | Globalist kingpin, renowned war criminal and Rockefeller co-conspirator Henry Kissinger is talking up a nuclear conflagration. { Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby doesn’t even have to pay kissinger for such folly! How ‘bout the turning point being the misguided balfour declaration and the subsequent existing 200+ illegal israeli nukes! } ] Submitted by Tyler Durden on 01/27/2013 Israeli PM Benjamin Netanyahu says his nation must prepare for the threat of a chemical attack from Syria, amid concern at enemy efforts to test a post-election coalition Israel, and has deployed its new Iron Dome anti-missile system near the border with its northern neighbor. Along with this concern, as many have perhaps suspected, the Israeli Defense Minister confirmed yesterday that the US has prepared plans for a 'surgical' military operation to delay Iran's nuclear program. As The Jerusalem Post reports, Ehud Barak, added that in the past the US has been heavy-handed but that under Barack Obama, the United States has "prepared quite sophisticated, fine, extremely fine, scalpels," if the worse comes to the worst - even though the Israeli preference would be to end the nuclear threat diplomatically, calling for tougher sanctions (though he expressed doubt that diplomacy would lead to success). Just another geopolitical hotspot that the world's markets choose to ignore in deference to the one true leader - central bankers.

Drudgereport: 2-04-13 Justice Department to sue Standard & Poor's...
FLASHBACK: S&P downgrades U.S. credit rating...
Rev Jackson calls for Homeland to patrol Chicago...
'Worse than Capone gangland days'...
CHICAGOLAND: Cops Shut Down Prostitution 'House Of Horrors'...
COPS: Teen throws boy, 9, off roof... http://albertpeia.com/negroesatplay.htm
REPORT: Fourth flight to Dominican by Dem Sen raises new questions...
Home state newspaper casts doubt on Menendez...
PROSTITUTE: 'THEY THREATENED THOSE GIRLS'...
OBAMA: 'NO DOUBT' WE NEED MORE NEW TAXES...
Gasoline costs take biggest share of household income in three decades...
STOCKS TAKE WORST ONE-DAY DROP THIS YEAR...
UPDATE: POWER GOES OUT AT DOME DURING GAME... {AP1-23-13: No! I didn’t watch the monkey bowl nigger show at half-time, and only parts of this year’s monkey bowl. Wow! San franny, on their fanny, should give former san fran mayor, venalla feinstein a call to send in the big guns before she bans them. Whoops…need to break the momentum of rival of niggertown favorite, san fran so power outage in niggertown new orleans…definitely hurricane katrina’s fault…riiiiight …better give nigger ray nagin a call to get things back up and runnin’…whoops, no can do – nigger ray’s just been indicted ( http://www.nola.com/crime/index.ssf/2013/01/a_breakdown_of_the_payments_to.html ) …Besides, this is a great way to level the playing field for the hometown nigger purse-snatchers…you know, lights out and all. Actually, I truly am rooting for the ravens, but not much…reason? To thwart this year’s egregious wall street fraudulent, manipulated ‘january effect’ superstition; viz., an AFL team nigger bowl win means according to mental case wall street superstition, bear market/bad stock market (actually, ‘sell now before may and go away’ is the apposite axiom regardless who wins). This is the last monkey bowl I’ll be watching even part of. If you’re rooting for san Francisco, be sure to where some flowers in your hair. This was the sh**iest monkey bowl I’ve ever seen even a part of! }

Detroit suburb mulling $5 rat bounty program... { Actually, what the anti-cat ‘lobby’ conveniently didn’t mention in their recent anti-cat rant is that disease-carrying mice/rats are the largest component of the mammals cats kill; and, of the prehistoric dinosaur remnant birds, disease-carrying pigeons figure prominently among cats’ kills. (You also don’t see cats mauling/killing babies/children/humans as with dogs that should be more widely known as well for eating their own feces-I saw this first hand of a pedigreed german shepard before learning that eating their own feces was a dog trait). I happen to like birds, ie., Hawks (regal ferocity), Humming Birds (aerodynamics), and Owls (hunters/I just like them) in that precise order; but, I do like cats much more. When I’d jog home from the gym in the evenings I began carrying a small (18 inch tube) metal club and developed a proficiency for ‘running down’ and killing rats [ There were so many, particularly near the trash cans. I got up to 123 (confirmed) kills (I didn’t count those mortally wounded but slinking into the safety of, ie., the sewer) before stopping because of cries of ‘outrage’ from the niggers here in LA when they occasionally witnessed same (Wow! Can you believe it? Always somethin’ to complain about for the niggers, no matter how irrational!); and that became not worth the ‘controversy’. For the further record, if pellet guns were allowed, I’d ’wipe out’ disease-carrying pigeons; and, without compunction or hesitation, I’d ‘wipe out’ all venomous, fanged creatures, ie., poisonous snakes, all spiders, scorpions, etc., without exception; and of course, I’d ‘wipe out’ such vermin as cockroaches, bed bugs, mosquitos, etc.. I would not kill bees (pollination, etc.) however, except for those that tried to sting me. ] }

SHOCK: ECONOMY SHRINKS { And, that’s with all the printing/inflating/manipulating/spending what they don’t have! }

GDP -0.1%...
Santelli: 'We Are Now Europe'...

Shocking Numbers That Show The Media Is Lying To You About Unemployment In America

http://theeconomiccollapseblog.com

http://albertpeia.com/medialyingaboutusunemployment.htm

Rise Of The Preppers: 50 Of The Best Prepper Websites And Blogs On The Internet

http://thetruthwins.com

http://albertpeia.com/riseofthepreppers.htm

Tawana Brawley served with court order to pay man she accused of rape in 1987

http://albertpeia.com/rememberingtawanabwana.htm

http://albertpeia.com/obamarecession2013.htm

http://albertpeia.com/fedsplinters.htm

Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe

Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! }

Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical). Own 'productive assets', finance them at low fixed rates (thank you Ben), and finally, on HLF, don't bet against Dan Loeb.

Drudgereport: 2-01-13 UNEMPLOYMENT RATE BACK UP TO 7.9%...
ASSOCIATED PRESS: 'mostly encouraging'...
8,500,000 Americans Left Labor Force In Obama's First Term...
POOF: Another 170,000 disappeared in January...
Retail Workweek Hits 3-Year Low...
Massive revisions to earlier numbers...
Gas prices to top $4 again...
IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family...
Obama Admin Delays Keystone Pipeline Decision Another 6 Months…
SUICIDE BOMBING AT U.S. EMBASSY...
Eighth Embassy Attack During Clinton Reign...
REID BACKS MENENDEZ AMID UNDERAGE PROSTITUTION CHARGES...
Long before FBI raid, NJ senator tried to help donor's Dominican Republic business...
Bob dodges press...
PROSTITUTE: Senator 'likes the youngest and newest girls'...
CHICAGOLAND: Murderer Mistakenly Released From Prison...
Driver shot to death on Lake Shore Drive ramp...
Tawana Brawley served with court order to pay man she accused of rape in 1987http://albertpeia.com/rememberingtawanabwana.htm

IRANSYRIA THREATENS TO RETALIATE AGAINST ISRAEL...
Syria: Israel Struck Military Site...
Russia: Unacceptable...
UN: Israel Must Withdraw From Judea...
Settlements 'violate Palestinian rights'...
Jobless claims rise sharply...

Detroit suburb mulling $5 rat bounty program... { Actually, what the anti-cat ‘lobby’ conveniently didn’t mention in their recent anti-cat rant is that disease-carrying mice/rats are the largest component of the mammals cats kill; and, of the prehistoric dinosaur remnant birds, disease-carrying pigeons figure prominently among cats’ kills. (You also don’t see cats mauling/killing babies/children/humans as with dogs that should be more widely known as well for eating their own feces-I saw this first hand of a pedigreed german shepard before learning that eating their own feces was a dog trait). I happen to like birds, ie., Hawks (regal ferocity), Humming Birds (aerodynamics), and Owls (hunters/I just like them) in that precise order; but, I do like cats much more. When I’d jog home from the gym in the evenings I began carrying a small (18 inch tube) metal club and developed a proficiency for ‘running down’ and killing rats [ There were so many, particularly near the trash cans. I got up to 123 (confirmed) kills (I didn’t count those mortally wounded but slinking into the safety of, ie., the sewer) before stopping because of cries of ‘outrage’ from the niggers here in LA when they occasionally witnessed same (Wow! Can you believe it? Always somethin’ to complain about for the niggers, no matter how irrational!); and that became not worth the ‘controversy’. For the further record, if pellet guns were allowed, I’d ’wipe out’ disease-carrying pigeons; and, without compunction or hesitation, I’d ‘wipe out’ all venomous, fanged creatures, ie., poisonous snakes, all spiders, scorpions, etc., without exception; and of course, I’d ‘wipe out’ such vermin as cockroaches, bed bugs, mosquitos, etc.. I would not kill bees (pollination, etc.) however, except for those that tried to sting me. ] }

15 Signs That You Better Get Prepared For The Obama Recession Of 2013

http://albertpeia.com/obamarecession2013.htm

Drudgereport: 1-31-13 IRANSYRIA THREATENS TO RETALIATE AGAINST ISRAEL...
Syria: Israel Struck Military Site...
Russia: Unacceptable...
UN: Israel Must Withdraw From Judea...
Settlements 'violate Palestinian rights'...

MISSION ACCOMPLISHED: OBAMA ENDING JOBS COUNCIL...
Jobless claims rise sharply...
'Sandwich Generation': 1 in 7 supporting parents, kids...
HARRY REID: 'We are in a recovery'...
Automatic Budget Cuts More Likely as Stances Harden...
Pension insurer warns of rising deficit...
Dollar at 14-Month Low vs Euro...
FED: KEEP PUMPING...

Hispanics set to overtake whites in CA...

POLL: 67% of Texas Republicans Want Obama Impeached...

Menendez: I Reimbursed Donor $60K For Dominican Trips...
PROSTITUTE: New Jersey Senator 'likes the youngest and newest girls'...
Ties to Clintons...
MORE HOOKERS COME FORWARD...
Could face 30 years...

Detroit suburb mulling $5 rat bounty program... { Actually, what the anti-cat ‘lobby’ conveniently didn’t mention in their recent anti-cat rant is that disease-carrying mice/rats are the largest component of the mammals cats kill; and, of the prehistoric dinosaur remnant birds, disease-carrying pigeons figure prominently among cats’ kills. (You also don’t see cats mauling/killing babies/children/humans as with dogs that should be more widely known as well for eating their own feces-I saw this first hand of a pedigreed german shepard before learning that eating their own feces was a dog trait). I happen to like birds, ie., Hawks (regal ferocity), Humming Birds (aerodynamics), and Owls (hunters/I just like them) in that precise order; but, I do like cats much more. When I’d jog home from the gym in the evenings I began carrying a small (18 inch tube) metal club and developed a proficiency for ‘running down’ and killing rats [ There were so many, particularly near the trash cans. I got up to 123 (confirmed) kills (I didn’t count those mortally wounded but slinking into the safety of, ie., the sewer) before stopping because of cries of ‘outrage’ from the niggers here in LA when they occasionally witnessed same (Wow! Can you believe it? Always somethin’ to complain about for the niggers, no matter how irrational!); and that became not worth the ‘controversy’. For the further record, if pellet guns were allowed, I’d ’wipe out’ disease-carrying pigeons; and, without compunction or hesitation, I’d ‘wipe out’ all venomous, fanged creatures, ie., poisonous snakes, all spiders, scorpions, etc., without exception; and of course, I’d ‘wipe out’ such vermin as cockroaches, bed bugs, mosquitos, etc.. I would not kill bees (pollination, etc.) however, except for those that tried to sting me. ] }

1-30-13 SHOCK: ECONOMY SHRINKS { And, that’s with all the printing/inflating/manipulating/spending what they don’t have! }

GDP -0.1%...
Santelli: 'We Are Now Europe'...
Job market booming at IRS...
DEMS: BEST LOOKING CONTRACTION YOU'LL EVER SEE...
Automatic Budget Cuts More Likely as Stances Harden...
Pension insurer warns of rising deficit...
Dollar at 14-Month Low vs Euro...
FED: KEEP PUMPING...

CHICAGOLAND: 15-Year-Old Who Performed At Obama Inauguration Shot Dead...

City murders more than double Afghan death toll...
Records Deadliest January In 11 Years...

Faber: Better Enjoy Market Rally While You Can...
USA debt headed toward 200 % of GDP -- even after fiscal cliff deal!
CHARLIE DANIELS: Nanny State Policies of this President Will Result in 'Chaos and Bloodshed'...
Benghazi my greatest regret...
Republicans like terrorists...
SENATOR: 'hillary clinton got away with murder'...
White slaves, black slaveowners in new play...

Feinstein: NRA is 'venal'... { Wow! That feinstein can say that with a straight face just shows how and why the once great state of California has fallen so far and fast.}
Government Officials Can Still Own Assault Weapons Under Feinstein Bill...
O: 'I GO SHOOTING ALL THE TIME'
BIG SIS TO PURCHASE 7,000 'ASSAULT RIFLES'...
BLOOMBERG REFUSES TO DISARM

Warning from David Mamet... { David Mamet is absolutely correct, of course. You absolutely cannot depend on the feds et als for your defense and best interests! }

(NIGGER)LAND OF LINCOLN downgraded...
Rated 'worst' state in country...

CHICAGOLAND: 7 MURDERED IN SINGLE NIGHT...
Mother loses 4th child to shooting...

Detroit's ex-mayor back in jail...
Treasury skewered for doling out 'excessive' CEO pay packages after bailouts...
Argentina and Iran form 'Truth Commission'...
Israel warns of possible pre-emptive strike in Syria...

Key facility hit?
Kissinger: Iran nuclear crisis close... [ Kissinger Predicts Nuclear War with Iran { This would be a zionist wet dream come true! And, a disaster for literally everyone else, particularly for pervasively corrupt, defact bankrupt America whose prior orwellian pro-israeli moves have not turned out well for anyone including america except for israel, the war profiteers and the military industrial complex as warned against by the underrated but great president General Eisenhower! } Kurt Nimmo | Characterizes looming conflict as “a turning point in human history.” { Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby doesn’t even have to pay kissinger for such folly! How ‘bout the turning point being the misguided balfour declaration and the subsequent existing 200+ illegal israeli nukes! } Video: Globalist Kingpin Predicts Nuclear War with Iran Prison Planet.com | Globalist kingpin, renowned war criminal and Rockefeller co-conspirator Henry Kissinger is talking up a nuclear conflagration. { Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby doesn’t even have to pay kissinger for such folly! How ‘bout the turning point being the misguided balfour declaration and the subsequent existing 200+ illegal israeli nukes! } ]

Who Runs The World? Solid Proof That A Core Group Of Wealthy Elitists Is Pulling The Strings

http://albertpeia.com/rottencore.htm

22 Signs That Barack Obama Is Transforming America Into A Larger Version Of North Korea

http://albertpeia.com/failedcommunistamerica.htm

China Just Threatened a Currency War If the Fed Doesn’t Stop Printing

http://albertpeia.com/fedprintingbankruptsthelendermeanswar.htm

Heffernan: Microsoft is back — Why the dorky Apple rival is suddenly cool { Forget cool, when it comes to computers/computing, I’m more concerned with stability and performance. As a critic of Microsoft beyond their breakthrough Windows 2000 (professional) and Word offerings, I felt compelled to comment here. XP was a dog and deserving of criticism (innumerable problems including acting as a ‘virus magnet’). Quite by ‘accident’, I plugged in an old apple usb mouse and my problems with vista (sic), Windows 7, literally disappeared (I then ordered a new usb mouse for right-click, scroll capability). Vista…Whoops, my mistake…I meant to say Windows 7 (not thinking there’s a difference; obviously I haven’t followed their recent past misguided exploits closely)… Windows 7 is by far and away superior to xp (and Vista) in every way. It apparently was the legacy mouse and problems created thereby (with ram, resources, cache/processor, etc.) that impaired stability and performance and I’m happy to say thus far, Windows 7 (with updates to date) is a solid successor to 2000 and microsoft’s best operating system to date (I had a minor problem with cache/memory which required a work-around and elimination of a program ‘shortcut’ … not a fatal error, but not good either, and no such problems since). I’m now nearly 100% Hewlett Packard (2 desktops/2 laptops) and really must say that’s a big credit to Hewlett Packard (in 1999 I bought a Compaq laptop for $1,200 new, and it didn’t even boot. To Office Depot’s credit, they gave me my money back – no small task in america today. I thereupon regretfully bought a Sony VAIO – I’ve always had high regard for the late, brilliant Morita – and although windows millennium can be faulted somewhat, I was not able to upgrade to windows 2000 professional for whatever proprietary reason. Computers are just not Sony’s thing. The new HP laptop has windows 8 which I can’t evaluate fairly since the touchscreen capability is not available for this laptop –built into the price however- but it seems stable as is so of windows 7, supra, and the HP laptop a very good value. }

1-29-13 Faber: Better Enjoy Market Rally While You Can...
USA debt headed toward 200 % of GDP -- even after fiscal cliff deal!
CHARLIE DANIELS: Nanny State Policies of this President Will Result in 'Chaos and Bloodshed'...
Benghazi my greatest regret...
Republicans like terrorists...
SENATOR: 'hillary clinton got away with murder'...
White slaves, black slaveowners in new play...

Feinstein: NRA is 'venal'... { Wow! That feinstein can say that with a straight face just shows how and why the once great state of California has fallen so far and fast.}
Government Officials Can Still Own Assault Weapons Under Feinstein Bill...
O: 'I GO SHOOTING ALL THE TIME'
BIG SIS TO PURCHASE 7,000 'ASSAULT RIFLES'...
BLOOMBERG REFUSES TO DISARM

Warning from David Mamet... { David Mamet is absolutely correct, of course. You absolutely cannot depend on the feds et als for your defense and best interests! }

(NIGGER)LAND OF LINCOLN downgraded...
Rated 'worst' state in country...

CHICAGOLAND: 7 MURDERED IN SINGLE NIGHT...
Mother loses 4th child to shooting...

Detroit's ex-mayor back in jail...
Treasury skewered for doling out 'excessive' CEO pay packages after bailouts...
Argentina and Iran form 'Truth Commission'...
Israel warns of possible pre-emptive strike in Syria...

Key facility hit?
Kissinger: Iran nuclear crisis close... [ Kissinger Predicts Nuclear War with Iran { This would be a zionist wet dream come true! And, a disaster for literally everyone else, particularly for pervasively corrupt, defact bankrupt America whose prior orwellian pro-israeli moves have not turned out well for anyone including america except for israel, the war profiteers and the military industrial complex as warned against by the underrated but great president General Eisenhower! } Kurt Nimmo | Characterizes looming conflict as “a turning point in human history.” { Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby doesn’t even have to pay kissinger for such folly! How ‘bout the turning point being the misguided balfour declaration and the subsequent existing 200+ illegal israeli nukes! } Video: Globalist Kingpin Predicts Nuclear War with Iran Prison Planet.com | Globalist kingpin, renowned war criminal and Rockefeller co-conspirator Henry Kissinger is talking up a nuclear conflagration. { Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby doesn’t even have to pay kissinger for such folly! How ‘bout the turning point being the misguided balfour declaration and the subsequent existing 200+ illegal israeli nukes! } ]

Federal Reserve Money Printing Is The Real Reason Why The Stock Market Is Soaring

http://albertpeia.com/fedmoneyprinting.htm

Germany Just Fired a Warning Shot at the Fed

http://albertpeia.com/warningshot.htm

Social Decay + Illegal Immigration + Poverty = Open War On The Streets Of America

http://albertpeia.com/waronusstreets.htm

{ We’ve never, in the entire history of economics, finance, markets seen the disconnect from economic/financial reality and fundamentals as pronounced and as great as now. The reality of modern-day computer programs/algos/frauds at lightning computerized speed and sheer desperation on fraudulent wall street whose ever larger protected frauds are literally cheered by failed american leadership at every level. Right now, though contraindicated, the superstitious January effect is in play and manipulated to meet faux bullish expectations. Then too, without doubt, what will be their excuse to not ‘sell in May and go away’ which really should be the mantra at present, now, beyond the hot air, smoke and mirrors, fraud and b***s*** we’re once again seeing in large measure, encouraged and received with ebulliently poised irrational exuberance on wall street and in washington. Remember the ralleys in sympathy with Apple exuberance, all of which we now know to have had a foundation of little more than ‘apple sauce’. Total b***s***! What’s the next b***s*** story/sizzling fraud? The ‘money’ being cashed out by these frauds has to come from someplace (the real economy) and has already found a way into understated/underreported inflation rates (for a multiple of staples including food prices), lower margins through higher costs thereby, manipulated somewhat by currency manipulations, all of which will be ‘coming due’ in a very big way to the downside, reality-based blowout around the corner. }

Drudgereport: 1-28-13 Feinstein: NRA is 'venal'... { Wow! That feinstein can say that with a straight face just shows how and why the once great state of California has fallen so far and fast.}
Government Officials Can Still Own Assault Weapons Under Feinstein Bill...
O: 'I GO SHOOTING ALL THE TIME'
BIG SIS TO PURCHASE 7,000 'ASSAULT RIFLES'...
BLOOMBERG REFUSES TO DISARM

Warning from David Mamet... { David Mamet is absolutely correct, of course. You absolutely cannot depend on the feds et als for your defense and best interests! }

(NIGGER)LAND OF LINCOLN downgraded...
Rated 'worst' state in country...

CHICAGOLAND: 7 MURDERED IN SINGLE NIGHT...
Mother loses 4th child to shooting...

Detroit's ex-mayor back in jail...
Treasury skewered for doling out 'excessive' CEO pay packages after bailouts...
Argentina and Iran form 'Truth Commission'...
Israel warns of possible pre-emptive strike in Syria...

Key facility hit?
Kissinger: Iran nuclear crisis close... [ Kissinger Predicts Nuclear War with Iran { This would be a zionist wet dream come true! And, a disaster for literally everyone else, particularly for pervasively corrupt, defact bankrupt America whose prior orwellian pro-israeli moves have not turned out well for anyone including america except for israel, the war profiteers and the military industrial complex as warned against by the underrated but great president General Eisenhower! } Kurt Nimmo | Characterizes looming conflict as “a turning point in human history.” { Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby doesn’t even have to pay kissinger for such folly! How ‘bout the turning point being the misguided balfour declaration and the subsequent existing 200+ illegal israeli nukes! } Video: Globalist Kingpin Predicts Nuclear War with Iran Prison Planet.com | Globalist kingpin, renowned war criminal and Rockefeller co-conspirator Henry Kissinger is talking up a nuclear conflagration. { Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby doesn’t even have to pay kissinger for such folly! How ‘bout the turning point being the misguided balfour declaration and the subsequent existing 200+ illegal israeli nukes! } ]

The U.S. Has An Even Larger Gap Between The Rich And The Poor Than Downton Abbey Does

http://theeconomiccollapseblog.com

http://albertpeia.com/gaprichpoor.htm

1-25-13 COURT TO OBAMA: ABUSE OF POWER

HOLDER MOVES ON GUNS...
Communist Party USA cheers...

UK heads for unprecedented 'triple dip' recession...

Feinstein Gun Control Bill Would Exempt Government Officials...
Lacks Dem Votes to Pass Dem Senate...
REPORT: Stricter gun laws fail to drive down gun-crime rates...

'MENTAL HEALTH CHECK' { I agree with Drudge’s pictoral implication that lobotomy joe is nuttier than a fruitcake! }

AMERICAN IDOL Racism Row: Nine Black Rejects Sue FOX Show... { Absolutely preposterous! Just another manifestation (and infestation) of niggers requiring irrationality to supplant rationality; whether that be elections (threats of riot), self-defense (threats of murder against those who defended against typically murderous criminal niggers), etc., plus the added ‘purse protection’ for females subjected to famously probable purse-snatching-niggers, along with other violence (see numerous examples infra, plus crime stats); plus, this is a privately owned network. Nobody tells the black enterprise network, etc., to have more white people. As a practicle patter, who wants the typical problems with niggers, ie., if they don’t get picked, elected, etc.. Forget the niggers! They’ve done enough damage. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

Drudgereport: 1-24-13 GALLUP: Obama's Fourth Year in Office Most Polarized In History...
BUCHANAN: Obama has hijacked the American Revolution...

Fed's Holdings of U.S. Gov't Debt Hits Record $1,696,691,000,000 -- Up 257%!

APPLE STOCK ROTTEN...

Number of Sheriffs Refusing to Enforce New Laws Snowballs...

Zuckerberg to fundraise for Chris Christie... { L’il Hoodie and humpty dumpty! }

Assange Calls DREAMWORKS' WikiLeaks Movie 'Massive Propaganda Attack'...

I Will Implement 'President Obama's Vision For The World'... { That’s a big negative! Then there’s the big question … which one? … the one that he says, or the one that he does … either way, that means big failure in a very big way! }

Goldman Sachs Made $400 Million Betting On Food Prices In 2012 While Hundreds Of Millions Starved

http://albertpeia.com/squidfood.htm

Does China Plan To Establish “China Cities” And “Special Economic Zones” All Over America?

http://albertpeia.com/chinatowns.htm

37 Statistics Which Show How Four Years Of Obama Have Wrecked The U.S. Economy

http://albertpeia.com/4yearsofobamawreckedus.htm

25 Signs American Women Are Being Destroyed By The Sexual Revolution And Our Promiscuous Culture

http://albertpeia.com/uspromiscuity.htm

{ I’ve included the following previous reference/link as a matter of disclosure and so as not to appear as a hypocrite in the context of this referenced subject: Drudgereport: STUDY: Girls As Young As 6 See Themselves As Sex Objects... { Wow! This is really quite alarming and bespeaks america’s new-found perverse, third-world uncivilized status, which is ‘picked up’ by kids who in some ways are smarter than given credit for with a vulnerable longing to please, be accepted in light of their powerless position in our ever more deteriorating society. For the record, personally, I’ve never had a virgin though I’ve been in a position to; that’s something I just don’t do. Never have, never wanted to, never would, never will! Moreover, with the prevalence of sick pedophiles and kiddie-porn, it’s not so surprising that kids might pick up on such abominable vibes. It is difficult to imagine that little girls could be the objects of such horror as, ie., Samantha Runnion ( who was kidnapped, sexually abused and strangled by a man who lured her from her front yard by telling her he had lost his dog. Her naked body was found the next day by a hiker in Cleveland National Forest, 50 miles southeast of Stanton.^[1] The autopsy revealed that she died from compression. A sample of the kidnapper's DNA was found under her fingernail. The suspect, a Lake Elsinore, California, man named Alejandro Avila, was convicted of first degree murder with special circumstances in May 2005. His DNA was found on Samantha's body, and her DNA was found in his car. He was arrested three days after the abduction. Avila had previously been to the condominium complex where Samantha lived, because his ex-girlfriend resided there and he had been previously acquitted of molesting her daughter and niece. On May 16, 2005, the jury recommended he receive the death penalty. On July 22, 2005, Avila was formally sentenced to death. He is incarcerated at San Quentin State Prison on death row ). As an aside, I’ve included the following for the record as well: Though I’ve had many consensual sexual liasons with many different female sexual partners (mid-hundreds) all of whom I liked, I’ve never, ever resorted to prostitutes. The accidental exceptions included two ‘call girls’; one having met at summer beach town bar matinee and who was ‘not working’ (as it turned out the reason being she was at the end of her menstrual cycle). The other at a grocery store with her daughter which made such in my mind, unlikely. As it turned out, both were ‘nymphomaniacs’ (which, truth be told, made for quite an exceptional sexual romp) and I simplistically inferred/surmised without dwelling on the subject that they probably expected they’d have inordinate amounts of sex anyway and might as well get paid for it – of course I didn’t nor was I asked to pay. The other incident I’m including here for the record concerned an absolutely beautiful (blonde hair, blue eyes, pretty, cute, perfectly built/proportioned – make no mistake, however, I like brunettes also) girl I met at a bar called ‘the Red Ranch’, later changed to ‘Harpoon Willy’s’. At closing, we immediately became amorous, near intimate to a point in my car with abrupt ‘resistance’ at the ‘crucial moments’. When I finally, ‘exasperated’, asked ‘what’s up’, she stated she had recently broken up with her boyfriend who had gone too far in the ‘sado-masochistic’ ritual behavior they were, and she still was into. I told her I wasn’t into it (I don’t connect sex with sado-masochism); never would, never did, never will. We talked for quite some time and she explained her ‘predisposition’ the (her perceived) consequence of her strict, puritanical upbringing and feelings of guilt concomitant with sexual activity requiring coincident punishment/pain when so engaged. I was busy with law school evenings, work full-time, and teaching at a local college part-time and parted ways without taking her number and never did see her again. }

Is There Such a Thing as The Perfect Trade?

http://albertpeia.com/unperfecto.htm

Is China an Economic Miracle or Government Sponsored Fraud? Pt 2

http://albertpeia.com/chinafraud.htm

{ I will be expounding upon the ground-breakingly new, failed ‘management’ approach adopted by this failed administration; viz., management by exceptions. That’s right! Exceptions! Not management by objectives; but rather, management by exceptions. Forget laws, precedent, things that have worked for the vast majority; and, focus instead upon the exceptions as they fatefully crop up from time to time. As tragic as the Sandy Hook tragedy was, for wobama to reveal the failed mindset that’s failed america by managing by exceptions, he stated that he previously was not going to pursue gun control this term (there’s a plethora of greater priorities for this pervasively corrupt, defacto bankrupt nation), but now, because of this slaughter at the hands of the nutcase, he is. Or, revise all protocols for those who are or choose to be gay, or disregard the oath if an illegal immigrant wants to practice law, or don’t prosecute the biggest exceptionally huge wall street frauds because they are too big to fail/jail or donate mightily to political campaigns (MFGlobal/Corzine), etc., or whatever else for votes, etc., the list goes on and on. Yet, the obfuscations/frauds only mask the inevitably greater, deeper abyss to follow! Yes … there you have it … america’s new managerial approach/theory … on the road to perdition … MANAGEMENT BY EXCEPTIONS. Guaranteed not to work … for all but the exceptions (parenthetically, this topic of managing the exceptions as a separate managerial task without misdirecting managerial focus from central objectives was some years ago highlighted by the brilliant Peter Drucker)! }

Assistant Attorney General Breuer Gets DOJ Boot In "Untouchables" Aftermath

Submitted by Tyler Durden on 01/23/2013

Earlier today, we reported that "Assistant Attorney General Admits On TV That In The US Justice Does Not Apply To The Banks" when we commented on last night's PBS special "The Untouchables." Explicitly, we said that it was "Lenny Breuer who made it very clear that when it comes to the concept of justice the banks are and always have been "more equal" than others. He does so in such shocking clarity and enthusiasm that it is a miracle that this person is still employed by the US Department of Justice." As of minutes ago that is no longer the case as his employment contract has been torn up. The WaPo reports, that Lanny A. Breuer is leaving the Justice Department "after leading the agency’s efforts to clamp down on public corruption and financial fraud at the nation’s largest banks, according to several people familiar with the matter....It is not clear when Breuer intends to leave, nor what he plans to do once he departs, but it is certain that the prosecutor’s days in office are winding down, according to people who were not authorized to speak publicly about the matter."

Drudgereport: 1-23-13 APPLE Earnings Disappoint...
STOCK PLUNGE...
'Broken Company'...

EMOTIONAL ROLLERCOASTER...
Hillary Refers to 'ARGO' in Explaining Benghazi...
Shouts: 'What Difference ... Does It Make?!'

NYC On Pace For 100 Subway Deaths In 2013...

DOMINATE: GOOGLE Complies With Government Requests for User Data 88% of the Time...

UPDATE: Inauguration Viewership Down -- Almost 50%!

Taliban: Prince (harry) has 'mental problem'... { Indeed he does! Well, what else is there to do but to run around the world killing people. After all, bastard son of Hewitt, he’s not too bright nor good at anything at all and he brits are known worldwide as such s**ts as they did in his own mum too. }
Attenborough: Humans are plague on Earth...
Japanese minister: Let elderly people 'hurry up and die'... { With all japan’s luck with all things nuclear in the last half century, they probably won’t have to worry about that! }
Environmental advocate launches campaign to ban cats as pets... { In favor of dinosaur-remnant indigenous birds…what a dinosaur he is…how primitive! }
Post Office cuts threaten source of black jobs... { and source of the Post Office’s problems, in large part …takes two or three niggers to do the same work of one non-nigger, they are so lazy and unproductive. The niggers are also error prone, and don’t give a hoot that they are. ‘That Detroit workforce’ has done wonders for america’s auto industry. }
699 teleprompter speeches, 83 days of vacation...
REPORT: ALL HOSTAGES DEAD IN ALGERIA
RANGEL: 'Some of the Southern Areas Have Cultures We Have to Overcome'... { The reality is that northern areas such as fraud capital of the world, national drain new york, have cultures we must overcome. After all, obama himself said rangel should resign with some dignity, not fully realizing that like chicago, and other northern areas, dignity is not required for federal, state, local government office or anything else for that matter. Just looking and acting like a nigger is sufficient! }

The Sovereign Debt Bubble Will Continue To Expand Until – BANG – The System Implodes

http://albertpeia.com/sovereigndebtimplosion.htm

37 Statistics Which Show How Four Years Of Obama Have Wrecked The U.S. Economy

http://albertpeia.com/4yearsofobamawreckedus.htm

A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm

{ I will be expounding upon the ground-breakingly new, failed ‘management’ approach adopted by this failed administration; viz., management by exceptions. That’s right! Exceptions! Not management by objectives; but rather, management by exceptions. Forget laws, precedent, things that have worked for the vast majority; and, focus instead upon the exceptions as they fatefully crop up from time to time. As tragic as the Sandy Hook tragedy was, for wobama to reveal the failed mindset that’s failed america by managing by exceptions, he stated that he previously was not going to pursue gun control this term (there’s a plethora of greater priorities for this pervasively corrupt, defacto bankrupt nation), but now, because of this slaughter at the hands of the nutcase, he is. Or, revise all protocols for those who are or choose to be gay, or disregard the oath if an illegal immigrant wants to practice law, or don’t prosecute the biggest exceptionally huge wall street frauds because they are too big to fail/jail or donate mightily to political campaigns (MFGlobal/Corzine), etc., or whatever else for votes, etc., the list goes on and on. Yet, the obfuscations/frauds only mask the inevitably greater, deeper abyss to follow! Yes … there you have it … america’s new managerial approach/theory … on the road to perdition … MANAGEMENT BY EXCEPTIONS. Guaranteed not to work … for all but the exceptions (parenthetically, this topic of managing the exceptions as a separate managerial task without misdirecting managerial focus from central objectives was some years ago highlighted by the brilliant Peter Drucker)! }

A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm

Germany Starts a Central Bank Run JAN 17 - CHRISTIAN A. DEHAEMER
http://albertpeia.com/trustingamericainsanity.htm

Drudgereport: 1-22-13 Taliban: Prince (harry) has 'mental problem'... { Indeed he does! Well, what else is there to do but to run around the world killing people. After all, bastard son of Hewitt, he’s not too bright nor good at anything at all and he brits are known worldwide as such s**ts as they did in his own mum too. }
Attenborough: Humans are plague on Earth...
Japanese minister: Let elderly people 'hurry up and die'... { With all japan’s luck with all things nuclear in the last half century, they probably won’t have to worry about that! }
Environmental advocate launches campaign to ban cats as pets... { In favor of dinosaur-remnant indigenous birds…what a dinosaur he is…how primitive! }
Post Office cuts threaten source of black jobs... { and source of the Post Office’s problems, in large part …takes two or three niggers to do the same work of one non-nigger, they are so lazy and unproductive. The niggers are also error prone, and don’t give a hoot that they are. ‘That Detroit workforce’ has done wonders for america’s auto industry. }
699 teleprompter speeches, 83 days of vacation...
REPORT: ALL HOSTAGES DEAD IN ALGERIA
RANGEL: 'Some of the Southern Areas Have Cultures We Have to Overcome'... { The reality is that northern areas such as fraud capital of the world, national drain new york, have cultures we must overcome. After all, obama himself said rangel should resign with some dignity, not fully realizing that like chicago, and other northern areas, dignity is not required for federal, state, local government office or anything else for that matter. Just looking and acting like a nigger is sufficient! }

The Ticking Trillion Dollar Debt Bomb

http://albertpeia.com/trilliondollardebtbomb.htm

Do You Want To Scare A Baby Boomer?

http://albertpeia.com/boomers.htm

A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm

Germany Starts a Central Bank Run JAN 17 - CHRISTIAN A. DEHAEMER
http://albertpeia.com/trustingamericainsanity.htm

{ There isn’t anything about america that’s not ultimately, in the final analysis, totally fraudulent! }

What Do German Central Bankers Know That We Don’t?

http://albertpeia.com/germanydoesnottrustusfed.htm

U.S. Government Claims – Just Like the Nazis – that the Truth Is Too Complicated and Dangerous to Disclose to the Public by: George Washington http://albertpeia.com/usnaziapproach.htm

Drudgereport: PAPER: Time to start switching out of US assets...

13-year-old girls beat woman at bus stop 'for fun'... ( Uncivilized niggers, of course! )
Girl gang hails cab, then chokes, robs driver... ( Uncivilized niggers, of course! ){ CHICAGO (FOX 32 News)

Congressman Boasts Salary Requirements
’I Will NOT Be Silenced by a Congressman! He is the Georgia Representative you may remember from back in 2010, when he told Admiral Robert Willard he was worried too many troops stationed on the island of Guam would cause it to capsize... The actual quote is as follows: “My fear is that the whole island will become so overly populated that it will tip over and capsize.”… { Just another dumb, incompetent, glomming nigger! What a waste of money, time, and resources these incompetent, corrupt, venal federal slugs are! }

Fitch Threatens U.S. Credit Rating

The fiscal cliff failed to address the debt ceiling, and as the deadline draws closer, the U.S. credit rating is in danger.

http://albertpeia.com/americagone.htm

Opinion: Congress, president have insatiable need to spend STLtoday.com { Yes! This is why, along with the pervasive corruption and defacto bankruptcy of the nation, term limits across the board are necessary, and without exceptions. After all, in the immortal (campaign slogan) words of dick (nixon), ‘experience counts’! Indeed it does! For good or ill, and nobody can deny the nation’s very ill. Term limits would eliminate the perceived and in fact need to refrain from enforcing laws against huge fraudsters/campaign bribers/contributors. Moreover,’pork’ would give way to leaner cuts/spending more rationally based. By every rational criterion, congress will have to work for their pay consistent with their promises; and, not get to comfortable just ‘being there’ and all that that unfortunately entails. I’ve seen the lack of resolve/courage/principle/competence first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

Drudgereport: 1-18-13 Fact Checker's 'Lie of the Year' Turns Out to Be TRUE... Given PolitiFact's dubious record of singling out Republicans for lying far more often than Democrats, you probably could have guessed the winner of this particular sweepstakes was a Mitt Romney campaign ad:… [Mitt Romney] Says Barack Obama "sold Chrysler to Italians who are going to build Jeeps in China" at the cost of American jobs…’ TRUE!

BIG EASY: NAGIN INDICTED ON CORRUPTION CHARGES...
Money laundering, bribery, fraud, MORE...

GALLUP: O 49% APPROVE...

FBI: Man robbed Alaska bank at hammerpoint...
Woman With Baby Brutally Stabbed Inside BED BATH & BEYOND...
SHOCK: Robber Beats Clerk With Hammers...
Woman's face slashed by razor at mall...

The Great Systemic Rig of 2012 is Ending

http://albertpeia.com/greatsystemicrigof2012ending.htm

50 Shocking Questions That

http://albertpeia.com/50shockingquestions.htm

What Do German Central Bankers Know That We Don’t?

http://albertpeia.com/germanydoesnottrustusfed.htm

U.S. Government Claims – Just Like the Nazis – that the Truth Is Too Complicated and Dangerous to Disclose to the Public by: George Washington http://albertpeia.com/usnaziapproach.htm

Germany Starts a Central Bank Run JAN 17 - CHRISTIAN A. DEHAEMER
http://albertpeia.com/trustingamericainsanity.htm

The Bundesbank Starts a Run on Gold { Yes, indeed … upon greater reflection, a 7 year wait to repatriate German gold stored at u.s./new york fed, really is a cause for concern. The question is not only whether it’s there (I doubt it!), not only whether what’s there has been displaced (stolen) and supplanted with tungsten gold plate (at best); but, even assuming arguendo it is still there (doubtful), given the undeniable inherent american proclivity for fraud and theft, whether the thieving american frauds will interpose some spurious pretext to preclude if not exclude the possibility of return (the story of america’s foreign and domestic policies in a nutshell). One really has to wonder as to the soundness and rationality of Germany’s decision in answering, why fraudulent america and not the renown, trustworthy and reputable Swiss Banks for storing their gold. } Everything the Bundesbank does is close to perfection. The very fact that it is calling in its gold is monumental in terms of questioning the "full faith and credit" of the United States Treasury... Read More... A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm

{ There isn’t anything about america that’s not ultimately, in the final analysis, totally fraudulent! }

What Do German Central Bankers Know That We Don’t?

http://albertpeia.com/germanydoesnottrustusfed.htm

What Do German Central Bankers Know That We Don’t?

http://albertpeia.com/germanydoesnottrustusfed.htm

U.S. Government Claims – Just Like the Nazis – that the Truth Is Too Complicated and Dangerous to Disclose to the Public by: George Washington http://albertpeia.com/usnaziapproach.htm

http://albertpeia.com/americagone.htm

Drudgereport: 1-17-13 '(0)HIGH(0) ON HIS POWER' { Yeah, the story of failed state ohio! }

NOONAN: Obama overplaying his hand...{ Indeed he has, as niggers always do and always will! }

REPORT: Hostages held in Algeria killed...
REPORT: Four freed...
BLOODBATH: Helicopters strafe gas plant in desert...
Fate of 7 Kidnapped Americans Unknown...
Hostages 'made to wear explosives'...
Gunmen dubbed 'Signatories for Blood'...
Attack planned BEFORE French strike in Mali?

Fast And Furious: Man Claims To Have Shot U.S. Border Patrol...

CHRISTIE: NRA Ad 'Reprehensible'... { Humpty dumpty speaks! The jersey glory boy of sardonicus tom kean! Never trust a half-breed Sicilian, former federal government slug! }
129 DAYS LATER: FBI DIRECTOR IN LIBYA FOR BENGHAZI INVESTIGATION... { mueller, as was his corrupt predecessor louis freeh, is a total waste! There isn’t anything about america that’s not ultimately, in the final analysis, criminal/totally fraudulent! Germany Starts a Central Bank Run http://albertpeia.com/trustingamericainsanity.htm }

CHICAGOLAND: Teen killed at end of high school basketball game...
Homeless strangled to death over shoplifting toothpaste...

Report questions food stamp program effectiveness...

WHOLE FOODS CEO: Health care law 'like fascism'...

What Do German Central Bankers Know That We Don’t?

http://albertpeia.com/germanydoesnottrustusfed.htm

{ This is a very wise, rational move by Germany which should be lost on no one. Indeed, by so doing, Germany will likely guarantee repatriation of real gold, and not tungsten gold plate. Realize that beyond the theft of $4 trillion still unaccounted for at the new york fed, there have been ever more brazened frauds within the ranks of the u.s. government and connected to the fed. The 360 tons of $100 dollar bills flown into Iraq and disappeared, huge wall street frauds in the trillions still extant and bailed out for the wall street perps by legislated FASB rule change, among many other schemes, scams, facilitated by lightning fast computerization have become both policy and modus operandi of the fed, u.s. government, and insider perps. }

It Will Take The Fed Seven Years To Deliver 300 Tons Of German Gold

U.S. Government Claims – Just Like the Nazis – that the Truth Is Too Complicated and Dangerous to Disclose to the Public Posted by: George Washington Post date: 01/15/2013 - History Repeats ... http://albertpeia.com/usnaziapproach.htm

Escape from America

6 Places to Protect and Grow Your Wealth as US Spirals Out of Control

www.Sovereign-Investor.com

Coming Economic Collapse

18 Critical Items You Need To Prepare, Tomorrow May Be Too Late

WealthDaily.com/Economic_Collapse

14.9% Inflation in 2013?

Will the Value of the U.S. Dollar Decline in the Coming Months?

www.DailyWealth.com/Inflation

Drudgereport: PAPER: Time to start switching out of US assets...

13-year-old girls beat woman at bus stop 'for fun'... ( Uncivilized niggers, of course! )
Girl gang hails cab, then chokes, robs driver... ( Uncivilized niggers, of course! ){ CHICAGO (FOX 32 News) – ‘The Chicago Police Department has issued an alert in the 2nd District of Wentworth for several armed robberies that have occurred during the month of January.The offenders, described as six to seven African American females with a light completion between the ages of 16 and 20, enter cabs in the Loop. Upon arrival to their destinations on the South Side, one of the girl chokes the driver with a rope or cord, while another threatens the cab driver with a knife, demanding cash. Authorities say the group then jumps out of the cab… Read more: http://www.myfoxchicago.com/story/20546398/alert-group-of-girls-sought-armed-robbery-cab-drivers?obref=obinsite#ixzz2ICcZA7FJ }

Congressman Boasts Salary Requirements
’I Will NOT Be Silenced by a Congressman! He is the Georgia Representative you may remember from back in 2010, when he told Admiral Robert Willard he was worried too many troops stationed on the island of Guam would cause it to capsize... The actual quote is as follows: “My fear is that the whole island will become so overly populated that it will tip over and capsize.”… { Just another dumb, incompetent, glomming nigger! What a waste of money, time, and resources these incompetent, corrupt, venal federal slugs are! }

Fitch Threatens U.S. Credit Rating

The fiscal cliff failed to address the debt ceiling, and as the deadline draws closer, the U.S. credit rating is in danger.

Drudgereport: PAPER: Time to start switching out of US assets...

13-year-old girls beat woman at bus stop 'for fun'... ( Uncivilized niggers, of course! )
Girl gang hails cab, then chokes, robs driver... ( Uncivilized niggers, of course! ){ CHICAGO (FOX 32 News) – ‘The Chicago Police Department has issued an alert in the 2nd District of Wentworth for several armed robberies that have occurred during the month of January.The offenders, described as six to seven African American females with a light completion between the ages of 16 and 20, enter cabs in the Loop. Upon arrival to their destinations on the South Side, one of the girl chokes the driver with a rope or cord, while another threatens the cab driver with a knife, demanding cash. Authorities say the group then jumps out of the cab… Read more: http://www.myfoxchicago.com/story/20546398/alert-group-of-girls-sought-armed-robbery-cab-drivers?obref=obinsite#ixzz2ICcZA7FJ }

Congressman Boasts Salary Requirements
’I Will NOT Be Silenced by a Congressman! He is the Georgia Representative you may remember from back in 2010, when he told Admiral Robert Willard he was worried too many troops stationed on the island of Guam would cause it to capsize... The actual quote is as follows: “My fear is that the whole island will become so overly populated that it will tip over and capsize.”… { Just another dumb, incompetent, glomming nigger! What a waste of money, time, and resources these incompetent, corrupt, venal federal slugs are! }

Drudgereport: LET'S PLAY TAKE THE GUNS (picture of 0 surrounded by kids)

Obama using gun issue to advance health law...

FLASHBACK: Tyrants Who Have Used Children As Props...
Gov. Perry: Using Massacre of Children to Advance Agenda 'Disgusts Me'...
Presses doctors to ask patients about guns...
Orders research on media...
RUBIO: Abuse of executive powers...
23 'Executive Actions'...
After Speech: 'Par-TEE!'

SECOND CONGRESSMAN SUGGESTS IMPEACHMENT...
BROWNSTEIN: Expect Obama to Get EVEN MORE Aggressive...
Gun stocks soar...
HURT: Personal liberty under fire...

THUGS BRUTALLY BEAT TOURIST ON GREENWICH VILLAGE STREET USING BAT, TIRE IRON { If only the tourist had a gun! }...

PAPER: Time to start switching out of US assets...

13-year-old girls beat woman at bus stop 'for fun'... ( Uncivilized niggers, of course! )
Girl gang hails cab, then chokes, robs driver... ( Uncivilized niggers, of course! ){ CHICAGO (FOX 32 News) – ‘The Chicago Police Department has issued an alert in the 2nd District of Wentworth for several armed robberies that have occurred during the month of January.The offenders, described as six to seven African American females with a light completion between the ages of 16 and 20, enter cabs in the Loop. Upon arrival to their destinations on the South Side, one of the girl chokes the driver with a rope or cord, while another threatens the cab driver with a knife, demanding cash. Authorities say the group then jumps out of the cab… Read more: http://www.myfoxchicago.com/story/20546398/alert-group-of-girls-sought-armed-robbery-cab-drivers?obref=obinsite#ixzz2ICcZA7FJ
Indonesian judge jokes that victims may enjoy rape...

Citizens File Articles of Impeachment Against Obama...

REDDIT Founder's Father: 'Aaron...Was Killed by the Government'...

NRA Ad: Obama Is 'Elitist Hypocrite'...

Cuomo Quickly Signs Into Law To Avoid Run...
{ The foregoing and the following are together … only the mob families should have guns, death penalty says mob’s man cuckoo coumo. }
Corleone apologizes for decades of Mafia murders...
MORE DEATH ON NYC SUBWAY...

RAND PAUL: 'Having a monarch is what we fought the American Revolution over'...

Reporter Mocks Carney: 'I'm Not Going to Indulge Your West Wing Fantasies'...

Fitch may downgrade U.S. credit rating...
Long-Term Unemployment Highest Since World War II...
Welfare spending to rise 80% in next decade...
HOUSE SPENDS $50B ON SANDY AID... { Replaying Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

White House to miss budget deadline; Breaks law...

Workers raiding retirement funds to pay bills...

Reid denies involvement in Utah businessman scheme... { ‘SALT LAKE CITY (AP) — Senate Majority Leader Harry Reid's office said Monday he was never involved in a deal to have a Utah businessman pay the senator to make a federal investigation disappear…’ Sounds very american to me; the bribes part, pay to play, etc.; that’s what I’ve seen, and worse… http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

Michael Savage: Don't trust feds on flu shot...{ Or anything else, for that matter. Indeed, from my direct experience, the actions/inaction of the feds are geared toward making one reliant/dependent upon them (ie., food stamps, faux disability, unemployment comp extensions, ‘protection’ from rampant, blatant crime or not, etc., despite america’s defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence and venality. In fact, stepping back, I have seen first hand those siding with/benefiting from (and the encouraging of more crime), ie., RICO defendants et als, actually rewarded by the pervasively corrupt/defacto bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a combination of and tantamount to what is essentially hush money, bribes, etc.). Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless nation of marauders/thieves that no longer even remotely resembles what it purports to be and arguably once was. Armed Robberies Spike Following Game... { Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

CONGRESSMAN WARNS OBAMA: IMPEACH YOU { http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm }

White House readies 19 executive orders on guns...

Goldman Sachs And The Big Hedge Funds Are Pushing Leverage To Ridiculous Extremes

http://albertpeia.com/overleveraged.htm

The Federal Reserve Shows Barack Obama Who The Real Boss Is

http://albertpeia.com/failurespeckingorder.htm

We Are Witnessing The Slow, Tortuous Death Of The American Worker

http://albertpeia.com/deathofamericanworker.htm

Two of the Biggest Problems In the Financial System Will Hit in 2013

http://albertpeia.com/2biggestproblemsinfinancialsystemhitin2013.htm

It Begins: Bundesbank To Commence Repatriating Gold From New York Fed

Michael Savage: Don't trust feds on flu shot...{ Or anything else, for that matter. Indeed, from my direct experience, the actions/inaction of the feds are geared toward making one reliant/dependent upon them (ie., food stamps, faux disability, unemployment comp extensions, ‘protection’ from rampant, blatant crime or not, etc., despite america’s defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence and venality. In fact, stepping back, I have seen first hand those siding with/benefiting from (and the encouraging of more crime), ie., RICO defendants et als, actually rewarded by the pervasively corrupt/defacto bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a combination of and tantamount to what is essentially hush money, bribes, etc.). Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless nation of marauders/thieves that no longer even remotely resembles what it purports to be and arguably once was. Armed Robberies Spike Following Game... { Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

CONGRESSMAN WARNS OBAMA: IMPEACH YOU { http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm }

White House readies 19 executive orders on guns...

SHRINK: We are creating 'generation of deluded narcissists'... http://albertpeia.com/deludednarcissists.htm ‘…We must beware of the toxic psychological impact of media and technology on children, adolescents and young adults, particularly as it regards turning them into faux celebrities—the equivalent of lead actors in their own fictionalized life stories…’ Read more: http://www.foxnews.com/opinion/2013/01/08/are-raising-generation-deluded-narcissists/#ixzz2HXlpfElS Indeed, and america’s got the ‘perfect (failed, like them) president’ for this deluded generation of of ‘legends in their own minds’; viz., choom gang fantasizer in chief, wobama the b for b*** s***! Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }

Obama to follow in footsteps of Hitler, Stalin with ‘executive order’ disarmament of the American people Mike Adams | Obama is going to march America down the dark halls of history by following in the footsteps of Adolf Hitler, Joseph Stalin, Mao Tse Tung. Biden Says Obama to Use “Executive Action” to Restrict Second Amendment Kurt Nimmo | Lobotomy joe biden says violating the Constitution is an act “worth taking.”

Drudgereport: 1-14-13 LIMBAUGH: President positions his political opponents as the enemy...
LEVIN: 'We Have An Imperial President'...

Michael Savage: Don't trust feds on flu shot...{ Or anything else, for that matter. Indeed, from my direct experience, the actions/inaction of the feds are geared toward making one reliant/dependent upon them (ie., food stamps, faux disability, unemployment comp extensions, ‘protection’ from rampant, blatant crime or not, etc., despite america’s defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence and venality. In fact, stepping back, I have seen first hand those siding with/benefiting from (and the encouraging of more crime), ie., RICO defendants et als, actually rewarded by the pervasively corrupt/defacto bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a combination of and tantamount to what is essentially hush money, bribes, etc.). Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless nation of marauders/thieves that no longer even remotely resembles what it purports to be and arguably once was. Armed Robberies Spike Following Game... { Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

CONGRESSMAN WARNS OBAMA: IMPEACH YOU { http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm }

White House readies 19 executive orders on guns...

[To today’s News / Topics]

The Federal Government Hands Out Money To 128 Million Americans Every Month

http://theeconomiccollapseblog.com

http://albertpeia.com/fedgovhandouts.htm

The Investment World is Missing the Single Most Critical Issue In China

January 11, 2013 http://gainspainscapital.com

http://albertpeia.com/criticalchinaissue.htm

http://albertpeia.com/americagone.htm

How and Why the US Could Default

http://albertpeia.com/usdefault.htm

18 Facts That Prove That Piers Morgan Is Flat Out Lying About Gun Control

http://thetruthwins.com [ Drudgreport: Kirchner attacks Falkland Islands 'invaders'... { Invaders indeed! Time to call british spades, spades! We fought a revolution after so doing! } ]

http://albertpeia.com/piersmorganlyingaboutguncontrol.htm

http://albertpeia.com/americagone.htm

1-10-13 NRA RANKS SOAR...
Obama 'agenda to attack Second Amendment'...
CLASH...
GOOGLE searches for 'Hitler gun control' spike...
Biden Hints at Outlawing Unregulated 'Private' Sales...
WY Lawmakers Propose 'Gun Protection' Legislation to Thwart...
Kirchner attacks Falkland Islands 'invaders'... { Invaders indeed! Time to call british spades, spades! We fought a revolution after so doing! Some more brit reality: 18 Facts That Prove That Piers Morgan Is Flat Out Lying About Gun Control http://albertpeia.com/piersmorganlyingaboutguncontrol.htm }

'THE RIGHT OF THE PEOPLE TO KEEP AND BEAR ARMS, SHALL NOT BE INFRINGED'

Obama's 81% Support in New York City Best in 114 Years... { Fallen city! … nyc now officially a niggertown! }

SHRINK: We are creating 'generation of deluded narcissists'... http://albertpeia.com/deludednarcissists.htm ‘…We must beware of the toxic psychological impact of media and technology on children, adolescents and young adults, particularly as it regards turning them into faux celebrities—the equivalent of lead actors in their own fictionalized life stories…’ }

T-Minus 30 Days Until The US Begins Defaulting

http://albertpeia.com/americadefaulting.htm

A Blight on the Constitution: Congress Approves More Warrantless Wiretapping

http://albertpeia.com/eff10913.htm

SHRINK: We are creating 'generation of deluded narcissists'... http://albertpeia.com/deludednarcissists.htm ‘…We must beware of the toxic psychological impact of media and technology on children, adolescents and young adults, particularly as it regards turning them into faux celebrities—the equivalent of lead actors in their own fictionalized life stories…’ Read more: http://www.foxnews.com/opinion/2013/01/08/are-raising-generation-deluded-narcissists/#ixzz2HXlpfElS Indeed, and america’s got the ‘perfect (failed, like them) president’ for this deluded generation of of ‘legends in their own minds’; viz., choom gang fantasizer in chief, wobama the b for b*** s***! Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }

Obama to follow in footsteps of Hitler, Stalin with ‘executive order’ disarmament of the American people Mike Adams | Obama is going to march America down the dark halls of history by following in the footsteps of Adolf Hitler, Joseph Stalin, Mao Tse Tung. Biden Says Obama to Use “Executive Action” to Restrict Second Amendment Kurt Nimmo | Lobotomy joe biden says violating the Constitution is an act “worth taking.”

Guest Post: Is American Justice Dead?

Submitted by Tyler Durden on 01/09/2013

Every nation-state has a body of laws woven into the fabric of society. As Peruvian economist Hernando de Soto has commented on extensively, the stronger the rule of law, the stronger the economy. And by "stronger" laws, I mean laws that are impervious to tampering for personal or political gains. The connection between a sound judiciary and economic health is readily comprehensible, except maybe to a politician... businesses and individuals are far more likely to invest capital in a country with understandable laws that are impartially and universally enforced than if the opposite condition exists. That's because the lack of a consistent body of law breeds uncertainty and adds a huge element of risk for entrepreneurs. Which brings us back to the matter at hand – American justice on a slippery slope.

{ Short answer: YES! Chief Justice John Roberts Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm Can America Survive If Americans No Longer Agree On A Core Set Of Shared Values? { Short answer: Beyond the propaganda, america already no longer survives as the nation it once was and purports to be; and, the deterioration and decline of this meaningfully lawless nation will continue. UNTOUCHABLE: MF GLOBAL judge nixes group's bid to depose Corzine... [ Pervasively corrupt, defacto bankrupt in every way, fallen america is so far gone they no longer even bother with pretense! ] CONGRESSMAN FLOODED WITH CALLS ON GUN CONTROL: 9-TO-1 AGAINST... , Alex Jones vs. Piers Morgan: '1776 Will Commence Again If You Try To Take Our Firearms'... , REPORT: BANK OF AMERICA Freezes Gun Manufacturer's Account... , Armed Robberies Spike Following Game... [ Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! ] http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

http://albertpeia.com/americagone.htm

1-9-13 'THE RIGHT OF THE PEOPLE TO KEEP AND BEAR ARMS, SHALL NOT BE INFRINGED'

WHITE HOUSE THREATENS 'EXECUTIVE ORDERS' ON GUNS...
'The president is going to act'...
BANG BANG: CUOMO TO ANNOUNCE SWEEPING GUN LAWS...
Hysterical governor expects rest of country to follow...
'No One Needs 10 Bullets To Kill A Deer!!'
NRA President Fires Back...
Clinton Turns Tech Speech Into Gun Rant...
Iowa lawmaker calls for confiscation...
CT lawmaker calls for background checks to buy ammo...
Gun sales soar in Atlanta...
'Folks are grabbing just about any they can get hands on'...
Utah town to encourage arming households...
Ted Nugent unloads...
PANIC: One Million AR-15 Magazines on Backorder...
Police: Store clerk's gun beats thief's cattle prod...
PRAVDA: America, 'Never give up your guns'...

New fiscal crises near -- Dems seek more tax increases...

REPORT: 1 in 4 children on food stamps...

Obama's 81% Support in New York City Best in 114 Years... { Fallen city! … nyc now officially a niggertown! }

SHRINK: We are creating 'generation of deluded narcissists'... http://albertpeia.com/deludednarcissists.htm ‘…We must beware of the toxic psychological impact of media and technology on children, adolescents and young adults, particularly as it regards turning them into faux celebrities—the equivalent of lead actors in their own fictionalized life stories…’ Read more: http://www.foxnews.com/opinion/2013/01/08/are-raising-generation-deluded-narcissists/#ixzz2HXlpfElS

UNTOUCHABLE: MF GLOBAL judge nixes group's bid to depose Corzine... { Pervasively corrupt, defacto bankrupt in every way, fallen america is so far gone they no longer even bother with pretense! }

CONGRESSMAN FLOODED WITH CALLS ON GUN CONTROL: 9-TO-1 AGAINST...

France bumps drunk-driving charge up to criminal court for tax exile Depardieu... { There! That’ll show him … for going over to the ultimate winner of the cold war! }

Alex Jones vs. Piers Morgan: '1776 Will Commence Again If You Try To Take Our Firearms'...

REPORT: BANK OF AMERICA Freezes Gun Manufacturer's Account...

Armed Robberies Spike Following Game... { Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

GALLUP: OBAMA APPROVE FALLS BACK TO 50%...

Merkel pictured with blacked-up children... { Yeah! Following, and like america, they’re all niggers now! }

Barney to Be Senator Frank? { Nothing quite succeeds like failure in america! Doesn’t this also say something in the worst way about the pathetic state of massachusetts?! Guess he just wants to repopularize that all-american haircut, the pageboy! }

If Obama Can Just Create A Trillion Dollar Coin, Then Why Do We Have To Pay Taxes?

http://albertpeia.com/moneyoutofthinair.htm

By The Numbers: 20 Facts About The Collapse Of Europe That Everyone Should Know

http://albertpeia.com/20factsofeuropecollapse.htm

And These Are the Folks Who Will Save the World?

http://albertpeia.com/idontthinkso.htm

Opinion: Congress, president have insatiable need to spend STLtoday.com { Yes! This is why, along with the pervasive corruption and defacto bankruptcy of the nation, term limits across the board are necessary, and without exceptions. After all, in the immortal (campaign slogan) words of dick (nixon), ‘experience counts’! Indeed it does! For good or ill, and nobody can deny the nation’s very ill. Term limits would eliminate the perceived and in fact need to refrain from enforcing laws against huge fraudsters/campaign bribers/contributors. Moreover,’pork’ would give way to leaner cuts/spending more rationally based. By every rational criterion, congress will have to work for their pay consistent with their promises; and, not get to comfortable just ‘being there’ and all that that unfortunately entails. I’ve seen the lack of resolve/courage/principle/competence first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

1-8-13 UNTOUCHABLE: MF GLOBAL judge nixes group's bid to depose Corzine... { Pervasively corrupt, defacto bankrupt in every way, fallen america is so far gone they no longer even bother with pretense! }

CONGRESSMAN FLOODED WITH CALLS ON GUN CONTROL: 9-TO-1 AGAINST...

France bumps drunk-driving charge up to criminal court for tax exile Depardieu... { There! That’ll show him … for going over to the ultimate winner of the cold war! }

Alex Jones vs. Piers Morgan: '1776 Will Commence Again If You Try To Take Our Firearms'...

REPORT: BANK OF AMERICA Freezes Gun Manufacturer's Account...

Armed Robberies Spike Following Game... { Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

Daily Market Commentary (1-7-13): The Biggest Gift Investors Have Received In a While

http://albertpeia.com/thebigsurprise.htm

Large Cities All Over America Are Degenerating Into Gang-Infested War Zones

http://albertpeia.com/uscitieswarzones.htm

America Is Being Systematically Transformed Into A Totalitarian Society

http://albertpeia.com/totalitarianus.htm

1-7-13 Alex Jones vs. Piers Morgan: '1776 Will Commence Again If You Try To Take Our Firearms'...

REPORT: BANK OF AMERICA Freezes Gun Manufacturer's Account...

Armed Robberies Spike Following Game... { Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

UNHAPPY KINGDOM: DISNEY considers new layoffs...
Dem: Christie May Have 'Prayed' For Hurricane To Cover Up Failed Policies...

China media stand-off with censors escalates...
Protests widen...

GALLUP: OBAMA APPROVE FALLS BACK TO 50%...

Merkel pictured with blacked-up children... { Yeah! Following, and like america, they’re all niggers now! }

Barney to Be Senator Frank? { Nothing quite succeeds like failure in america! Doesn’t this also say something in the worst way about the pathetic state of massachusetts?! Guess he just wants to repopularize that all-american haircut, the pageboy! }

65 Percent Of Americans Believe That 2013 Will Be A Year Of Economic Difficulty

http://theeconomiccollapseblog.com

http://albertpeia.com/65percentbelieve2013economicallybaditis.htm

Opinion: Congress, president have insatiable need to spend STLtoday.com { Yes! This is why, along with the pervasive corruption and defacto bankruptcy of the nation, term limits across the board are necessary, and without exceptions. After all, in the immortal (campaign slogan) words of dick (nixon), ‘experience counts’! Indeed it does! For good or ill, and nobody can deny the nation’s very ill. Term limits would eliminate the perceived and in fact need to refrain from enforcing laws against huge fraudsters/campaign bribers/contributors. Moreover,’pork’ would give way to leaner cuts/spending more rationally based. By every rational criterion, congress will have to work for their pay consistent with their promises; and, not get to comfortable just ‘being there’ and all that that unfortunately entails. I’ve seen the lack of resolve/courage/principle/competence first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

Did the Fed Lie About QE 3 and 4?

http://albertpeia.com/fedlies.htm { Do bears s**t in the woods? Is the Pope Catholic? Did the fed previously say no recession, etc.? Of course they did and do … all the time! }

The Middle Class In America Is Being Wiped Out – Here Are 60 Facts That Prove It

http://albertpeia.com/middleclasswipeout.htm

50 Predictions For 2013

http://albertpeia.com/economiccollapseblogpredicitionsfor2013.htm

Why? Why does it seem like america is getting crazier with each passing year? { Because pervasively corrupt defacto bankrupt america is getting crazier with each passing year! }

http://albertpeia.com/whyamericacrazier.htm

Dave’s Daily: http://www.etfdigest.com
“I don’t have to tell you things are bad. Everybody knows things are bad. It’s a depression. Everybody’s out of work or scared of losing their job. The dollar buys a nickel’s worth. Banks are going bust. We know things are bad. Worse than bad. They’re crazy. It’s like everything everywhere is going crazy so we don’t go out anymore. We sit in a house as slowly the world we’re living in is getting smaller and all we say is, ‘Please, at least leave us alone in our living rooms.’ Things have got to change my friends. You’ve got to get mad. You’ve got to say, “I’m as mad as hell and I’m not going to take this anymore!”

                                                                         Howard Beale (Peter Finch: Network 1976)

Government Dependents Outnumber Those With Private Sector Jobs In 11 U.S. States

http://albertpeia.com/moretakersthanmakers.htm

Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe.

1-4-13 GALLUP: OBAMA APPROVE FALLS BACK TO 50%...

Merkel pictured with blacked-up children... { Yeah! Following, and like america, they’re all niggers now! }

Barney to Be Senator Frank? { Nothing quite succeeds like failure in america! Doesn’t this also say something in the worst way about the pathetic state of massachusetts?! Guess he just wants to repopularize that all-american haircut, the pageboy! }

The Good, The Bad And The Ugly From The Fiscal Cliff Deal

http://theeconomiccollapseblog.com

http://albertpeia.com/goodbaduglyuscliffdeal.htm

Daily Market Commentary (1/3/2013): Greece and Spain’s Banking Systems Flash “Danger”

January 3, 2013 http://gainspainscapital.com

http://albertpeia.com/dangerwillrobinson.htm

50 Predictions For 2013

http://albertpeia.com/economiccollapseblogpredicitionsfor2013.htm

Why? Why does it seem like america is getting crazier with each passing year? { Because pervasively corrupt defacto bankrupt america is getting crazier with each passing year! }

http://albertpeia.com/whyamericacrazier.htm

1-3-13 USE IT OR LOSE IT
DEBT HITS $16,432,706,000,000.00

NYC Pol Slams Pork in Sandy Aid Bill...

Lobotomy Joe Biden gets frisky with senator's wife...
'Spread your legs -- you're going to be frisked'...
Deploys strange accent to welcome family of Senate's only black member...
New Delhi Gang Rape: Youngest Attacker 'Ripped out Victim's Intestines with Bare Hands'...

French anti-tax hero Depardieu gets new citizenship -- from Russia!

Marine Warns Feinstein: 'I will not be disarmed'...

Daily Market Commentary (1-2-13): Deal or No Deal… Nothing Was Fixed

http://albertpeia.com/nothingfixedbydeal.htm

50 Predictions For 2013

http://albertpeia.com/economiccollapseblogpredicitionsfor2013.htm

Why? Why does it seem like america is getting crazier with each passing year? { Because pervasively corrupt defacto bankrupt america is getting crazier with each passing year! }

http://albertpeia.com/whyamericacrazier.htm

1-2-13 House votes to keep pay freeze for lawmakers, federal employees; Overturn Obama executive order...

'Fiscal cliff II' showdown set for February...

Senate Received 154-Page Bill Only 3 Minutes Before Voting on it... { Time to implement term limits across the board, no exceptions! }
MONEY'S NO OBJECT: Obama heads back to Hawaii -- at taxpayer cost of $7 million...
Left town without signing bill!

Boehner to Reid: 'Go F*** Yourself'...
Obama vows more tax hikes: 'We can't cut our way to prosperity'...
NASCAR PARTY FAVORS BURIED IN 'CLIFF' BILL...
MILLIONS FOR RUM PRODUCERS...
$59 million for algae growers...
HOLLYWOOD GETS BREAK...
...AFTER RECORD BOXOFFICE YEAR
AFGHAN WARLORD: PRINCE HARRY IS 'JACKAL KILLING INNOCENTS'...

Fiscal cliff, my ass! Come on! Wake up! There’s no real recovery, except, ie., for the huge frauds on wall street (as they cash out worthless paper for bucks/hard assets and churn-and-earn at lightning/computerized algo program speed) which continue unprosecuted and unabated and at everyone else’s expense! Everybody’s paying for the wall street QE/frauds/froth! Huge unaffordable debt increases to mask the obama failure. Threats by the niggers to step up their already substantial violence against whites and riot if no obama ‘re-election’ … that’s terrorism! Unprecedented domestic terrorism! Then the widespread, documented voter fraud favoring obama … not a peep from the ‘status-quo, don’t rock the boat, happy to be there’ republicans. Why bail out wobama? Nothing will be solved by satisficing here! This last minute cramdown is what they’ve opted for by unreasonable, unaffordable, politically motivated intransigence! The nation’s broke! The niggers are pulling down their unaffordable freebies like never before. The extended unemployment benefits are so rich, who’d ever want to work? Time to say no to the niggers! A bit of intestinal fortitude required! F**k wobama, and f**k the niggers and their self-loathing buddies! Selective, rationally strategic ‘undoing’ of various ‘fiscal cliff’ unpleasantries can be undone after the fact of the ‘obama 4 years in the making failure’ with sound, rational thought consonant with reality. F**k wobama, f**k the niggers and their self-loathing buddies! Want to blame someone, blame wobama the unequivocal failure. Time to call a spade a spade! Time to pay the piper!

Pay Raise for Biden, Members of Congress, Federal Workers... { As I’ve previously stated, nothing succeeds quite like failure in pervasively corrupt, defacto bankrupt america! }

Under wobama, for every $7 brought in by gov't, $11 spent...

The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … )

Spending to Increase 55% Under Obama's Plan...

Gov't announces GM 'exit strategy' ... taxpayers to lose billions!
50% Loss!

Obama: Biggest mistake too much perspiration, not enough inspiration [What total b***s***!] { Biggest mistake: too much b***s***, not enough substance; that’s reality, not spin! } White House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm } Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... [ Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! … For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. ]
Will accept your birthday or anniversary gifts, too...

IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES (Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT (Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United States of America while Barack Obama is President.  The evidence is overwhelming:  everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed.  Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each.  Nearly 2-1/2 million fewer Americans have jobs than before the stimulus. Barack Obama has been President for 30 months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.  He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW.  His broken campaign promises are too numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA

It’s Not a “Fiscal Cliff” … It’s the Descent Into Lawlessness

Posted by: George Washington

It’s Not a Tax or Spending Problem … It’s a Devolution Into Lawlessness

http://albertpeia.com/americasdescentintolawlessness.htm

12-31-12 Warren Buffett kills newspaper, fires 72 workers...

OBAMA TO GO FOR GUNS...
Dem Sen: 'Mr. and Mrs. America, turn 'em all in'...
CHICAGOLAND: Bank Robberies Nearly Double In 2012...

GALLUP: Disapproval of Obama Has Climbed 5 Points Since Christmas...

VIDEO MOCKS STARS FOR DEMANDING GUN RULES... ***GRAPHIC***...

OBAMA SIGNS RENEWAL OF WARRANTLESS WIRETAP LAW -- BEHIND CLOSED DOORS...
Oliver Stone: 'USA has become an Orwellian state'...
Activists voice dismay as Senate renews government surveillance measure...
Judge rebuffs feds' secret arguments on no-fly list...

Congressman Moves to Block Obama's Congressional Pay Increase... { Yeah, that’ll happen! … Time to implement term limits across the board, no exceptions! }

OVER THE CLIFF WE GO!

DRAMA: Clinton in hospital with blood clot...
DOCTOR: Danger 'depends on where it is'...
Worried about 'other issues associated with concussion'...
NBC reporter: 'Clots from concussions can't be treated with blood thinners'...
Has not been seen in public for 3 weeks...
Conspiracy theories abound...
Subdural hematoma?

Oliver Stone: 'USA has become an Orwellian state'...
Activists voice dismay as Senate renews government surveillance measure...

Pay Raise for Biden, Members of Congress, Federal Workers... { As I’ve previously stated, nothing succeeds quite like failure in pervasively corrupt, defacto bankrupt america! }

Bloomberg: Keep 2 subway push deaths in perspective... { Riiiiight! Sounds like a plan … I’ve previously said some positive things about bloomberg, mostly relating to his financial acumen … I take them all back, and then some … clearly, part of the new york / new jersey / northeast/beltway drain, I believe bloomberg is totally burnt out … not only by what he’s been sayin’ , doin’; but as well, he looks like he’s on a permanent overdose of valium/prozac or whatever else they’re pushin’ these days for depression … really! }

You Might Hate America If…

http://albertpeia.com/youmighthateamericaif.htm

Government Dependents Outnumber Those With Private Sector Jobs In 11 U.S. States

http://albertpeia.com/moretakersthanmakers.htm

12-28-12 Oliver Stone: 'USA has become an Orwellian state'...
Activists voice dismay as Senate renews government surveillance measure...

Pay Raise for Biden, Members of Congress, Federal Workers... { As I’ve previously stated, nothing succeeds quite like failure in pervasively corrupt, defacto bankrupt america! }

Bloomberg: Keep 2 subway push deaths in perspective... { Riiiiight! Sounds like a plan … I’ve previously said some positive things about bloomberg, mostly relating to his financial acumen … I take them all back, and then some … clearly, part of the new york / new jersey / northeast/beltway drain, I believe bloomberg is totally burnt out … not only by what he’s been sayin’ , doin’; but as well, he looks like he’s on a permanent overdose of valium/prozac or whatever else they’re pushin’ these days for depression … really! }
Crime Up, Blames iPhone Thieves...

$1 Trillion Obamacare Tax Hike Hitting on Jan. 1...

US Soldier Suicides Outnumber Combat Deaths In 2012...

TOP GUN: Chicago hits 500 murders in 2012...
'Unfortunate'...

Government Dependents Outnumber Those With Private Sector Jobs In 11 U.S. States

http://theeconomiccollapseblog.com

http://albertpeia.com/moretakersthanmakers.htm

16 Things About 2013 That Are Really Going To Stink

http://theeconomiccollapseblog.com

http://albertpeia.com/16bad2013.htm

What Happens When the Bond Markets Turn Against the US?

December 27, 2012 http://gainspainscapital.com

http://albertpeia.com/screwturnsagainstus.htm

Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe.

12-27-12 OVER THE CLIFF WE GO!
OBAMA SENDS SOS TO HILL...
House to Return Sunday...
Deal 'virtually impossible' before New Year...
Finger-pointing...

FEINSTEIN BILL REQUIRES 'GRANDFATHERED WEAPONS BE REGISTERED' { Only the criminals are excepted and exempted; particularly in crime-ridden california! } ...

[To today’s News / Topics]

It’s Not a “Fiscal Cliff” … It’s the Descent Into Lawlessness

Posted by: George Washington

Post date: 12/24/2012

It’s Not a Tax or Spending Problem … It’s a Devolution Into Lawlessness

http://albertpeia.com/americasdescentintolawlessness.htm

Say Goodbye To The Good Life

http://albertpeia.com/americasgoodbyetogoodlife.htm

Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe.

1000x Systemic Leverage: $600 Trillion In Gross Derivatives "Backed" By $600 Billion In Collateral

Prepare to pay the piper Marketwatch

Leading indicators of a stock market top Marketwatch http://albertpeia.com/leadingindicatorsofstockmarkettop.htm

12-26-12 $16.4 Trillion in Federal Debt...

'Disabled' Workers Hit New Record in December: 8,827,795...
Social Security Program Ran $47.8 Billion Deficit in 2012...

POSTAL WORKER ARRESTED FOR STEALING MAIL, IDENTITIES...

Hollywood Studios Employees Caught Pirating Films...

UPDATE: Man shot over new pair of Air Jordans dies...

Spending to Increase 55% Under Obama's Plan...

Lawmakers: We're Likely to Go Over 'Cliff'...
... finger-pointing
Impasse Turns to Senate...
Obama turns to golf in Hawaii... { Regrettably … I have to reiterate: ‘wobama’s such a typical, incompetent, lazy, failed b***s*** nigger!’ }

School Obama's Daughters Attend Has 11 Armed Guards...

NRA LaPierre: Hollywood, media, music, violent videos cause culture of violence... { There is indeed a culture of violence in america; that, along with a celibratory attitude toward crime and criminals generally (and of course, cowardice in the face of criminality, which didn’t apply to the Newton, CT tragic scenario), along with the reality that crime in america pays, and pays well, and is largely protected at the highest levels. That said, I still oppose any and all censorship (a ‘slippery slope’ in a country now as this, best not tread on) to the extent that’s inferred from LaPierre’s cogent speech; though I believe it a stretch for anyone to have reasonably gleaned that from his words so eloquently put. I read the text of his entire speech as he made it. I believe he was correct in every significant respect; importantly, and simply put, ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. } NRA’s Wrongheaded Response to Sandy Hook Violence Infowars.com | NRA Executive Vice President calls for more cops in schools and a government database of the mentally ill. { The following ‘rebuttal’ from Infowars is not entirely unreasonable but I believe relies too much on the presumption of sanity among the american masses: ‘…LaPierre also announced a NRA model security program of armed volunteers to guard schools. He said Rep. Asa Hutchison, R-Ark., will lead the program for the lobbying organization. While the idea of armed citizen volunteers protecting schools is reasonable, the call for adding more police is not. The presence of police in public schools has created a number of problems – from tasering and handcuffing students to shooting them to death – in addition to fostering a prison-like environment [if the ‘shoe fits’]. As for creating a government database of people suffering from mental illness and then presumably denying them Second Amendment rights, this is a dangerous idea begging for government abuse [as was so in the former communist soviet union of old]. If the state is allowed to determine what mental illness is and who suffers from it, large numbers of people will undoubtedly have their right to own firearms denied (like veterans suffering from PTSD are denied their rights). It looks like the NRA is merely passing the buck on this issue and once again relying on government to devise solutions [this is an unfair criticism by infowars inasmuch as the NRA are not elected officials although, truth be told, as evidenced in the past election, u.s. elections are a total joke and are indeed ‘rigged’ – then there were as well the unprecedented terrorist threats of violence/rioting by the typically uncivilized niggers ( note that wobama, a nigger himself, registered no objection to those threats and intimidation – the uncivilized niggers having their way now with purported ‘civilized institutions’ – don’t forget the crime stats wherein niggers are the undisputed leaders by far ) as well as voter fraud, and incumbents did not want to rock their boat, aka ‘the uss titanic’ ]. The solution to public school violence is really quite simple – citizens must be fully empowered to exercise the right to self-protection and the protection of their families (defense is a natural right that has nothing to do with the real reason the Second Amendment was established). This right to self-protection cannot be denied by “gun free zones” that are in essence self-defense free zones…’ }
American Dream Fades for Generation Y Professionals...
House Republican members circulate plan to oust Speaker Boehner... {12-18-12 BOEHNER ADOPTS PELOSI PLAN... AIP:Yeah … it’s time to talk ‘john the boner’ … he’s a total failure … and, he’s a very stupid man to boot. Seriously, he’s pretty dumb! Moreover, this teary-eyed ‘house speaker’ didn’t even carry his own state in the past election. They know he’s a dummy! } What In The World Are Barack Obama And John Boehner Thinking? http://albertpeia.com/2dummiesinovertheirheads.htm

[To today’s News / Topics]

Why Bernanke’s Terrified of 2013

December 23, 2012 http://gainspainscapital.com

http://albertpeia.com/helicopterbenafraidof2013.htm

Agenda 21 Is Being Rammed Down The Throats Of Local Communities All Over America

http://theeconomiccollapseblog.com

http://albertpeia.com/agenda21ramdown.htm

25 Facts That The Mainstream Media Doesn't Really Want To Talk About Right Now

http://endoftheamericandream.com

http://albertpeia.com/25factsmainstreammediahides.htm

Say Goodbye To The Good Life

http://theeconomiccollapseblog.com

http://albertpeia.com/americasgoodbyetogoodlife.htm

It’s Not a “Fiscal Cliff” … It’s the Descent Into Lawlessness

Posted by: George Washington

Post date: 12/24/2012

It’s Not a Tax or Spending Problem … It’s a Devolution Into Lawlessness

http://albertpeia.com/americasdescentintolawlessness.htm

{ That’s certainly been my direct experience; and I’ve been warning and ‘yelling from the rooftops’. Nobody listened! Now it’s time to pay the piper! : Chief Justice John Roberts Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm … }

Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. }

Submitted by Tyler Durden on 12/24/2012

Zimbabwe's hyperinflation, courtesy of one Gideon Gono - the brilliant man behind such grand monetary experiments as QE and its offshoots throughout the developed world - and numerous one hundred trillion dollar Zimbabwe dollar bills, may have come and gone, and the country may no longer have a functioning currency of its own, but it certainly has the aftermath of the most recent episode of modern-era monetary hyperinflation to contend with. And with the holidays here, AP provides a very bleak snapshot of what the country which currently has an 80% unemployment, has to look forward to. Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe.

1000x Systemic Leverage: $600 Trillion In Gross Derivatives "Backed" By $600 Billion In Collateral

12-24-12 Spending to Increase 55% Under Obama's Plan...

Lawmakers: We're Likely to Go Over 'Cliff'...
... finger-pointing
Impasse Turns to Senate...
Obama turns to golf in Hawaii... { Regrettably … I have to reiterate: ‘wobama’s such a typical, incompetent, lazy, failed b***s*** nigger!’ }

School Obama's Daughters Attend Has 11 Armed Guards...

NRA LaPierre: Hollywood, media, music, violent videos cause culture of violence... { There is indeed a culture of violence in america; that, along with a celibratory attitude toward crime and criminals generally (and of course, cowardice in the face of criminality, which didn’t apply to the Newton, CT tragic scenario), along with the reality that crime in america pays, and pays well, and is largely protected at the highest levels. That said, I still oppose any and all censorship (a ‘slippery slope’ in a country now as this, best not tread on) to the extent that’s inferred from LaPierre’s cogent speech; though I believe it a stretch for anyone to have reasonably gleaned that from his words so eloquently put. I read the text of his entire speech as he made it. I believe he was correct in every significant respect; importantly, and simply put, ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. } NRA’s Wrongheaded Response to Sandy Hook Violence Infowars.com | NRA Executive Vice President calls for more cops in schools and a government database of the mentally ill. { The following ‘rebuttal’ from Infowars is not entirely unreasonable but I believe relies too much on the presumption of sanity among the american masses: ‘…LaPierre also announced a NRA model security program of armed volunteers to guard schools. He said Rep. Asa Hutchison, R-Ark., will lead the program for the lobbying organization. While the idea of armed citizen volunteers protecting schools is reasonable, the call for adding more police is not. The presence of police in public schools has created a number of problems – from tasering and handcuffing students to shooting them to death – in addition to fostering a prison-like environment [if the ‘shoe fits’]. As for creating a government database of people suffering from mental illness and then presumably denying them Second Amendment rights, this is a dangerous idea begging for government abuse [as was so in the former communist soviet union of old]. If the state is allowed to determine what mental illness is and who suffers from it, large numbers of people will undoubtedly have their right to own firearms denied (like veterans suffering from PTSD are denied their rights). It looks like the NRA is merely passing the buck on this issue and once again relying on government to devise solutions [this is an unfair criticism by infowars inasmuch as the NRA are not elected officials although, truth be told, as evidenced in the past election, u.s. elections are a total joke and are indeed ‘rigged’ – then there were as well the unprecedented terrorist threats of violence/rioting by the typically uncivilized niggers ( note that wobama, a nigger himself, registered no objection to those threats and intimidation – the uncivilized niggers having their way now with purported ‘civilized institutions’ – don’t forget the crime stats wherein niggers are the undisputed leaders by far ) as well as voter fraud, and incumbents did not want to rock their boat, aka ‘the uss titanic’ ]. The solution to public school violence is really quite simple – citizens must be fully empowered to exercise the right to self-protection and the protection of their families (defense is a natural right that has nothing to do with the real reason the Second Amendment was established). This right to self-protection cannot be denied by “gun free zones” that are in essence self-defense free zones…’ }
American Dream Fades for Generation Y Professionals...
House Republican members circulate plan to oust Speaker Boehner... {12-18-12 BOEHNER ADOPTS PELOSI PLAN... AIP:Yeah … it’s time to talk ‘john the boner’ … he’s a total failure … and, he’s a very stupid man to boot. Seriously, he’s pretty dumb! Moreover, this teary-eyed ‘house speaker’ didn’t even carry his own state in the past election. They know he’s a dummy! } What In The World Are Barack Obama And John Boehner Thinking? http://albertpeia.com/2dummiesinovertheirheads.htm

Gov't announces GM 'exit strategy' ... taxpayers to lose billions!
50% Loss!

Clinton accused of faking illness to avoid Benghazi testimony...

Reporters Criticized for Not Following Script at White House News Conference...
President Uses Sandy Hook Massacre to Push Tax Hikes...

Sen. Feinstein: ZERO DARK THIRTY 'dangerous'...
{ Amazingly, we’re literally talking fiction here; ‘Lincoln’ being as historically accurate as ‘Jack and the Beanstalk’. We’re talking propaganda and Orwellian thought control/policing. The reality is the incompetence and corruption in D.C. is worse than dangerous. }
Reid Adjourns Senate for Viewing of LINCOLN...

SLAUGHTER OF INNOCENTS

MEDS? Shooter suffered from 'personality disorder' ...
'Obviously not well'... { 20 children, 7 others dead in school shooting Marketwatch { From the previous day, pre-shooting I posted : Don’t Let Your Child See a Psychiatrist. Jon Rappoport { In light of his expressed fear, psychologists can’t prescribe medication – though that’s changed somewhat in some states. Rappoport must realize that some parents, nuttier than fruitcakes particularly in america, might be the problem. Who then does the troubled child turn to?} That said, Every human emotion now classified as a mental disorder in new psychiatric manual DSM-5 Mike Adams { Well, I gotta tell ya … if the shoe fits, wear it … the reality is that the prevalence of mental disorders/mental illness in america is so great that reactions as those of mike adams (including shooting the messenger) are not unexpected; but, must be discounted. After all, insanity or close to it has indeed become the new normal, shaded/obscured somewhat by what’s deemed simple inherent criminality which masks the underlying ‘americinsanity’. }

OBAMA TO STONERS: WE'RE COOL... { Yeah … right! … Choom gang-banger wobama is about as cool as s**t moving downhill … ‘social’ drugs as marijuana, blow to a lesser extent, hashish (heroin, speed, barbiturates, etc., are definitely uncool, sticking with the limited stoner terminology, dudes) are neither cool nor uncool … as plebian as a glass of wine, champagne, beer, scotch, etc., after a week’s hard work only, at best a somewhat decadent indulgence; at worst, as with all indulgences, literally potentially destructive and negative if in excess … Far from special, anyone can do them … [Truth be told, within weeks (ie., usually 4-6 weeks) of ie., important exams (it’s also ‘lamentably’ true I was a ‘quick-study’ crammer but blessed with a great memory facilitating same without detriment thereby, providing for/enabling ‘balance’), I abstained from marijuana owing to the somewhat limited, lingering persistence of same in the fatty tissues including the brain affecting retention, etc.. ] Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! http://www.albertpeia.com/wobamaschoomgangbangin.wmv }

Pelosi Accuses GOP Of Lack Of Concern For Kwanzaa...

DETROIT'S DECLINE: 34.5% on Food Stamps, 45.7% Not in Labor Force...

BUDGET DEFICIT SKYROCKETS TO $172B IN NOV, UP $52B FROM OCT...

PUMP DELUXE: Federal Reserve to spend $45B month to buy bonds...
{ It’s really quite amazing that the so-called economic experts, ie., economists, financial/securities analysts, CEO’s, etc., are so economically challenged so as to believe beyond the self-interested ‘swallow’ (ie., paper inflation, etc.) that somehow printing/creating ever more worthless/debased paper fiat currency will in some way create real value, production, jobs, etc., as opposed to the destructive mechanism along with nefarious dislocations that it truly is. }
PROJECTS HIGH UNEMPLOYMENT FOR NEXT 3 YEARS...

JIMMY HOFFA WARNS OF 'CIVIL WAR'... { There is an exception to the hearsay rule known as a dying declaration; the rationale being that a person would not ‘go to his maker’ with a false statement/declaration to ‘taint his soul’. Interestingly, I had occasion to know a very intelligent, learned man who was indeed dying, in a death spiral if you will. A lawyer by profession, he had taken an interest in another lawyer’s history; none other than Abraham Lincoln himself. Curiously I thought at the time, though even then, some decades ago (long before the internet), I realized that you were never getting the whole, correct, true story from american media, history as written, etc.. ( I was fortunate in sixth grade to have had a great teacher, James Bresnahan, who allowed for ‘expansive’/accelerated learning in what he took the time and trouble to provide as an advanced reading group. Among the subjects was that knowledge/thinking tainting phenomena known more commonly as propaganda). After all, a long dead president; and, one who famously suffered from recurring bouts of severe depression could hardly be the object of, from my view, intense intellectual interest and scrutiny. Yet, he was fixated on what he deemed a somewhat surprising revelation; viz., from his intense study, Abe was not ‘Honest Abe’ but rather, was a thief. I was aware that in fact, Lincoln found niggers somewhat appalling and initially opposed ending slavery as well as those who favored same, viz., the abolitionists, etc. (niggers are a same old old story of lazy, unproductive, inherently very uncivilized criminal people who are fun-luvin’ for games, partying, and getting high only. Even the incisive Shakespeare euphemistically referred to the ‘typicality’ of the inherently untrustworthy and without sense of honor, ‘noir’ [french for black]). The ultimate consummate politician (as a lawyer, Lincoln famously took a contrary position not long before saying he thought he then was right but now taking the opposite position now knew he was right … riiiiight! ‘Honest Abe’), Lincoln ultimately did, in rallying his ‘stalwarts’, back the abolitionist cause. I personally feel the people of the south were foolish in bringing vanquished niggers, sold into slavery by other niggers who vanquished them, to this already now recently blemished land. Moreover, as today, the niggers (and the abolitionist cause) had provided fodder for politics of all sorts, including that of Lincoln. Indeed, even today, spielberg who is famous for his pro-jewish ‘politicking’/propaganda (even the first Indiana Jones movie was heavy on the Arab/Nazi transference propaganda) has found a way to make film-making pay for him and the democratic party by way of the misguided, inaccurate view of Lincoln as the anti-slavery icon he is speciously depicted as. Civil war? Hoffa, like his mob-connected, then disconnected (permanently) father is old news. The truth is that their own done them in (as was so of hoffa’s father) with NAFTA, etc., as they themselves foolishly laughed at their real would-be saviors, ie., Ross Perot, etc.. The reality is, there is literally nothing that can’t be produced better and cheaper and without paying the shake-down bribe from the teamsters et als for doing absolutely nothing (as is true with the other niggers, et als, entitlements, etc.), elsewhere. Twinkies anyone? }

12-21-12 NRA LaPierre: Hollywood, media, music, violent videos cause culture of violence... { There is indeed a culture of violence in america; that, along with a celibratory attitude toward crime and criminals generally (and of course, cowardice in the face of criminality, which didn’t apply to the Newton, CT tragic scenario), along with the reality that crime in america pays, and pays well, and is largely protected at the highest levels. That said, I still oppose any and all censorship (a ‘slippery slope’ in a country now as this, best not tread on) to the extent that’s inferred from LaPierre’s cogent speech; though I believe it a stretch for anyone to have reasonably gleaned that from his words so eloquently put. I read the text of his entire speech as he made it. I believe he was correct in every significant respect; importantly, and simply put, ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. } NRA’s Wrongheaded Response to Sandy Hook Violence Infowars.com | NRA Executive Vice President calls for more cops in schools and a government database of the mentally ill. { The following ‘rebuttal’ from Infowars is not entirely unreasonable but I believe relies too much on the presumption of sanity among the american masses: ‘…LaPierre also announced a NRA model security program of armed volunteers to guard schools. He said Rep. Asa Hutchison, R-Ark., will lead the program for the lobbying organization. While the idea of armed citizen volunteers protecting schools is reasonable, the call for adding more police is not. The presence of police in public schools has created a number of problems – from tasering and handcuffing students to shooting them to death – in addition to fostering a prison-like environment [if the ‘shoe fits’]. As for creating a government database of people suffering from mental illness and then presumably denying them Second Amendment rights, this is a dangerous idea begging for government abuse [as was so in the former communist soviet union of old]. If the state is allowed to determine what mental illness is and who suffers from it, large numbers of people will undoubtedly have their right to own firearms denied (like veterans suffering from PTSD are denied their rights). It looks like the NRA is merely passing the buck on this issue and once again relying on government to devise solutions [this is an unfair criticism by infowars inasmuch as the NRA are not elected officials although, truth be told, as evidenced in the past election, u.s. elections are a total joke and are indeed ‘rigged’ – then there were as well the unprecedented terrorist threats of violence/rioting by the typically uncivilized niggers ( note that wobama, a nigger himself, registered no objection to those threats and intimidation – the uncivilized niggers having their way now with purported ‘civilized institutions’ – don’t forget the crime stats wherein niggers are the undisputed leaders by far ) as well as voter fraud, and incumbents did not want to rock their boat, aka ‘the uss titanic’ ]. The solution to public school violence is really quite simple – citizens must be fully empowered to exercise the right to self-protection and the protection of their families (defense is a natural right that has nothing to do with the real reason the Second Amendment was established). This right to self-protection cannot be denied by “gun free zones” that are in essence self-defense free zones…’ }
American Dream Fades for Generation Y Professionals...
House Republican members circulate plan to oust Speaker Boehner... {12-18-12 BOEHNER ADOPTS PELOSI PLAN... AIP:Yeah … it’s time to talk ‘john the boner’ … he’s a total failure … and, he’s a very stupid man to boot. Seriously, he’s pretty dumb! Moreover, this teary-eyed ‘house speaker’ didn’t even carry his own state in the past election. They know he’s a dummy! } What In The World Are Barack Obama And John Boehner Thinking? http://albertpeia.com/2dummiesinovertheirheads.htm

Gov't announces GM 'exit strategy' ... taxpayers to lose billions!
50% Loss!

Clinton accused of faking illness to avoid Benghazi testimony...

Reporters Criticized for Not Following Script at White House News Conference...
President Uses Sandy Hook Massacre to Push Tax Hikes...

Sen. Feinstein: ZERO DARK THIRTY 'dangerous'...
{ Amazingly, we’re literally talking fiction here; ‘Lincoln’ being as historically accurate as ‘Jack and the Beanstalk’. We’re talking propaganda and Orwellian thought control/policing. The reality is the incompetence and corruption in D.C. is worse than dangerous. }
Reid Adjourns Senate for Viewing of LINCOLN...

Dave’s Daily: http://www.etfdigest.com ‘ “THE END IS NEAR” – FISCAL CLIFF 12-20-12

http://albertpeia.com/daveschart122012no1.gif

http://albertpeia.com/daveschart122012no2.gif

75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe

http://theeconomiccollapseblog.com

http://albertpeia.com/75terribleeconomicnumbersof2012.htm

How to Play the Fiscal Cliff Failure

December 20, 2012 http://gainspainscapital.com

http://albertpeia.com/fiscalclifffailure.htm

12-20-12 APOCALYPSE NOW! { NOT! Yet, that is! APOCALYPTO: Panic spreads ahead of Mayan prophecy... { As I previously have stated many times: No, the world’s not ending … this year … but, there’s just decades left at best! The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ] }

Communist Chinese Government Calls For Americans to be Disarmed...

Putin goes on offensive against USA...

Thousands Wait In Line For Days For Free Holiday Food Bags...

SEASON'S BEATINGS:
Man charged for MCDONALD'S cheeseburger rage incident...
COPS: Minister Peppersprayed, Robbed In Broad Daylight On Philly Street...
Woman attacked with feces-filled sock on train...
'Furious diner' sets fire to DENNY'S Christmas tree...
Cops pepperspray unruly crowd after brawl over Air Jordans...

Video: Girl, 8, caught taking packages from neighbors' doorsteps (they start young in america) ...

Even US-Based Investors Need to Know About This

http://albertpeia.com/needtoknow.htm

‘The markets in Europe continue to rally hard despite the fact that Europe’s financial system is totally insolvent…’

20 Signs That The U.S. Poverty Explosion Is Hitting Children And Young People The Hardest

http://albertpeia.com/20signsuspovertyexplosionhittingyoung.htm

Guest Post: Too Big To Jail

Submitted by Tyler Durden on 12/19/2012

What’s worse than unjust and ineffective laws like the failed War on Drugs and the failed sanctions on Iran? Unjust and ineffective laws that apply to ordinary folks, but not to banksters. Once a certain segment of society becomes protected from criminal liability, that society has travelled a long way down the road to feudalism, to a caste system, to serfdom.

Prepare to pay the piper Marketwatch

Leading indicators of a stock market top Marketwatch http://albertpeia.com/leadingindicatorsofstockmarkettop.htm

12-19-12 Gov't announces GM 'exit strategy' ... taxpayers to lose billions!
50% Loss!

Clinton accused of faking illness to avoid Benghazi testimony...

Reporters Criticized for Not Following Script at White House News Conference...
President Uses Sandy Hook Massacre to Push Tax Hikes...

Sen. Feinstein: ZERO DARK THIRTY 'dangerous'...
{ Amazingly, we’re literally talking fiction here; Lincoln being as historically accurate as ‘Jack and the Beanstalk’. We’re talking propaganda and Orwellian thought control/policing. The reality is the incompetence and corruption in D.C. is worse than dangerous. }
Reid Adjourns Senate for Viewing of LINCOLN...

What In The World Are Barack Obama And John Boehner Thinking?

http://theeconomiccollapseblog.com

http://albertpeia.com/2dummiesinovertheirheads.htm { A Market Gone Vertically Wild ZH It seems wherever you look today, markets are going vertical. Whether its Citi and BofA +15% for December, Gold and Silver cliff-diving today, WTI crude surging in a v-shaped recovery or EURUSD and S&P 500 futures ramping in the most wonderfully linear manner - the market has gone a little wild today... { We’ve seen airball / balloon markets like this before … always end badly … total fraud and b***s***! Not one thing proposed does anything to change the fact that america is unequivocally broke! They must have bought off the rating agencies. After all, none of what they’re proposing, fiscal cliff and otherwise, does anything to change the nation’s dire fiscal position. The spending cuts are woefully inadequate. In fact, I believe one must reasonably infer that the rating agencies presumed a deficit reduct package that would at least be of a magnitude rivaling the automatic, fiscal cliff cuts. The reality is that even those cuts would fall short of that necessary to get defacto bankrupt america’s fiscal house in order. Make no mistake, wobama, helicopter ben, the government are well aware of the real, substantial inflationary impacts of their wall street welfare QE; and hence, are attempting to shift that burden to retirees/social security recipients. The lull before the storm/crash! } BOEHNER ADOPTS PELOSI PLAN... { Yeah … it’s time to talk ‘john the boner’ … he’s a total failure … and, he’s a very stupid man to boot. Seriously, he’s pretty dumb! Moreover, this teary-eyed ‘house speaker’ didn’t even carry his own state in the past election. They know he’s a dummy! }

Three Reasons the Fed Announced QE 4

December 18, 2012 http://gainspainscapital.com

http://albertpeia.com/whycontraindicatedqe4.htm

Better watch out: Insiders are selling Marketwatch

Why isn’t Obama demanding corporate welfare cuts? Marketwatch

Why a recession is coming no matter what fiscal-cliff deal is reached Marketwatch

15 Signs That The Ring Of Fire Is Waking Up As We Head Into 2013

http://endoftheamericandream.com

http://albertpeia.com/ringoffirewaking.htm

12-18-12 BOEHNER ADOPTS PELOSI PLAN... { Yeah … it’s time to talk ‘john the boner’ … he’s a total failure … and, he’s a very stupid man to boot. Seriously, he’s pretty dumb! Moreover, this teary-eyed ‘house speaker’ didn’t even carry his own state in the past election. They know he’s a dummy! }
TAXES GO UP ON RICH NOW, CUT SPENDING LATER...
White House rejects...
VIDEO: Boehner says will protect as many taxpayers as possible...
Debt has increased $18,944 per household under his leadership...

MAG: DRUDGE 'racist' after movie quotes? { Riiiiight! Drudge the ‘Nazi Jew’ … gimmee a frickin’ break … that’s ridiculous! He does report, however, what some are afraid to report! }

http://albertpeia.com/daveschart121712no1.gif

Society Is Crumbling Right In Front Of Our Eyes And Banning Guns Won't Help

http://theeconomiccollapseblog.com

http://albertpeia.com/americansocietycrumbling.htm

What 2013 Means For You, Your Portfolio and the Economy at Large

December 16, 2012 http://gainspainscapital.com

http://albertpeia.com/bad2013.htm

More Than 2000 Children Are Murdered In The United States Every Single Day

http://endoftheamericandream.com

http://albertpeia.com/2000americanchildrenmurderedeachday.htm

You Won’t Believe The Crazy Things That Are Being Said About Gun Owners

http://thetruthwins.com

http://albertpeia.com/crazythingssaidofgunowners.htm

22 Stats That Prove That There Is Something Seriously Wrong With Young Men In America

http://theeconomiccollapseblog.com

http://albertpeia.com/22statswhatswrongyoungamericanmen.htm

55 Reasons Why California Is The Worst State (Only New Jersey is Worse) In America

http://albertpeia.com/55reasonscaliforniaworststateafterjersey.htm

{ With jersey, it’s necessary to look under the hood(s)! }

20 Outrageous Examples That Show How Political Correctness Is Taking Over America

http://albertpeia.com/20outrageousexamplesofpoliticalcorrectness.htm

GE's Jeff Immelt: "We've Definitely Seen A Slowdown In The Fourth Quarter"

Submitted by Tyler Durden on 12/17/2012

In what is likely the fist major under the radar profit warning of the current quarter, GE chief, and Obama Job Tzar, Jeff Immelt warned during GE's annual outlook meeting held earlier in Manhattan that the "economic uncertainty" in the current quarter has resulted in an investment "pause" that has resulted in a slowdown of corporate sales. Put into numbers, GE is now calling for about 8% growth this year, from a 10% forecast barely two months ago. Read: Q4 sales, and thus earnings, are set to be a major disappointment. And while no superstorms were blamed in this particular sales warning, the fiscal cliff did feature prominently. As the WSJ reports, "[Immelt] said ongoing jitters over the so-called "fiscal cliff" of tax increases and government spending cuts contributed to the trend." Then again, it is just as likely that the tapped out US consumer, whose savings rate is tumbling, whose real disposable income is now declining on a year over year basis, and whose real wage growth is decidedly negative, would be tapped out even if Obama and Boehner were not playing constant cat and mouse. But whatever the reason for the slowdown may be, one thing is certain: "Clearly, there has been an investment pause in certain industries," Mr. Immelt said. "We've definitely seen a slowdown in the fourth quarter." Bring on the spin brigade.

State Communism's Newest (public) Advocate: Jeff Immelt Posted by: CrownThomas Post date: 12/17/2012 - "the one thing that actually works, you know, state run communism may not be your cup of tea, but their government works. They have five-year plans" { Riiiiight, jeff … their government works for … their government … everyone’s equal, but some, ie., 1 party members, are more equal than others; which, is essentially what we have anyway with our faux 2-party system (no real difference, actually; indeed, ie., the contraindicated, inflationary QE is a welfare program for the wealthy frauds on wall street and paid for by everyone for their benefit and party members among others in Washington, primarily). Actually, GE has been a ‘connected government enterprise’ for quite some time. Indeed, as a point of fact, I drove down to D.C. for what was to be my first patent filing some decades ago. No sooner had I entered ‘Washington, D.C. proper’, I was stopped on the highway by (I think) Washington, D.C. police. After they checked, ran my ID, license, etc.., they said follow us … so I did. Then, after parking, walking toward the ‘patent building/address’, I was approached by a man who identified himself as a GE employee who asked (he probably already knew) where I was going and volunteered to show me the way (which he did). The veiled message was clear (previous times I had gone to D.C. on business, ie., Williams & Connolly firm, Acacia Life Insurance Co., and flown, and had no such similar experience). Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011... , Nelson Mandela 'proven' to be a member of the Communist Party Telegraph.co.uk For decades, it was one of the enduring disputes of South Africa's anti-apartheid struggle. { The failed system of communism. Not surprising that a nigger would lache on to such where everyone’s ‘equal’; but, for no good reason, other than for party membership alone some are more equal than others. Well, close enough, but no cigar. After all, chimpanzees share a 98% identical DNA profile with modern humans; and, niggers share 99% (hence, that familiar simian look of the nigger. Interestingly, I must confess that I’ve more recently particularly, developed a well-founded aversion for and antipathy towards chimps, gorillas, oranguatangs and monkeys owing to the fact that they remind me of niggers! } Chief Justice John Roberts Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

20 children, 7 others dead in school shooting Marketwatch { From the previous day, pre-shooting I posted : Don’t Let Your Child See a Psychiatrist. Jon Rappoport { In light of his expressed fear, psychologists can’t prescribe medication – though that’s changed somewhat in some states. Rappoport must realize that some parents, nuttier than fruitcakes particularly in america, might be the problem. Who then does the troubled child turn to?} That said, Every human emotion now classified as a mental disorder in new psychiatric manual DSM-5 Mike Adams { Well, I gotta tell ya … if the shoe fits, wear it … the reality is that the prevalence of mental disorders/mental illness in america is so great that reactions as those of mike adams (including shooting the messenger) are not unexpected; but, must be discounted. After all, insanity or close to it has indeed become the new normal, shaded/obscured somewhat by what’s deemed simple inherent criminality which masks the underlying ‘americinsanity’. }

Prepare to pay the piper Marketwatch

Leading indicators of a stock market top Marketwatch http://albertpeia.com/leadingindicatorsofstockmarkettop.htm

Newtown, CT Elementary School Shooting Tally Rises To 27 Dead, Of Whom 20 Children - Live Video

Submitted by Tyler Durden on 12/14/2012

Update 3: Adam had Aseprger Syndrome - a high functioning form of autism. In other words, watch as the debate rages over the traditional bogeyman of gun control, in a country with over three hundred million weapons, when we may well simply be talking about a mentally ill young adult.

Update 2 : NY Post now refuting CNN's initial report, and stating that the shooter's real name is Adam Lanza, not Ryan Lanza, who is instead brother of the latter. At this point there appears to be a ridiculous amount of confusion who did what, so it perhaps would be prudent on behalf of the authorities to double check this information before releasing it to the media.

Update: According to CNN the shooter's name is Ryan Lanza, out of New Jersey. Based on a White Pages reverse lookup there is an 18-24 year old Ryan Lanza living in Hoboken, NJ whose FaceBook profile lists Newtown, CT as his home city. Whether it is the same person remains to be confirmed officially.

Sadly, increasingly it appears that not a day, and certainly not a week can pass, in the US without news of some mass killing somewhere. Several days ago its was a mall in Oregon, and today it is a shooting rampage at the Sandy Hook Elementary school in Newtown, Connecticut. Here is what is known: the shooter, who CBS reports is a 20 year old from New Jersey, is reported to be dead. According to CBS 27 people are dead, of whom 18, Connecticut Post 27 people are dead, of whom 27 tragically, children. Among the dead are the principal and the school psychologist. The AP has already dubbed it "the worst school tragedy in American history." { 20 children, 7 others dead in school shooting Marketwatch { From the previous day, pre-shooting I posted : Don’t Let Your Child See a Psychiatrist. Jon Rappoport { In light of his expressed fear, psychologists can’t prescribe medication – though that’s changed somewhat in some states. Rappoport must realize that some parents, nuttier than fruitcakes particularly in america, might be the problem. Who then does the troubled child turn to?} That said, Every human emotion now classified as a mental disorder in new psychiatric manual DSM-5 Mike Adams { Well, I gotta tell ya … if the shoe fits, wear it … the reality is that the prevalence of mental disorders/mental illness in america is so great that reactions as those of mike adams (including shooting the messenger) are not unexpected; but, must be discounted. After all, insanity or close to it has indeed become the new normal, shaded/obscured somewhat by what’s deemed simple inherent criminality which masks the underlying ‘americinsanity’. }

12-14-12 SLAUGHTER OF INNOCENTS

MEDS? Shooter suffered from 'personality disorder' ...
'Obviously not well'... { 20 children, 7 others dead in school shooting Marketwatch { From the previous day, pre-shooting I posted : Don’t Let Your Child See a Psychiatrist. Jon Rappoport { In light of his expressed fear, psychologists can’t prescribe medication – though that’s changed somewhat in some states. Rappoport must realize that some parents, nuttier than fruitcakes particularly in america, might be the problem. Who then does the troubled child turn to?} That said, Every human emotion now classified as a mental disorder in new psychiatric manual DSM-5 Mike Adams { Well, I gotta tell ya … if the shoe fits, wear it … the reality is that the prevalence of mental disorders/mental illness in america is so great that reactions as those of mike adams (including shooting the messenger) are not unexpected; but, must be discounted. After all, insanity or close to it has indeed become the new normal, shaded/obscured somewhat by what’s deemed simple inherent criminality which masks the underlying ‘americinsanity’. }
Intelligent and Shy...
*Brother has told investigators that Adam was 'autistic'...
Dozens Dead At School...
District Had Just Installed New 'Safety' Protocols...
8-year-old says teacher saved him...
Screams 'over intercom'...
Four weapons recovered...
Scene 'atrocious'...
Newtown, CT Described as 'Adorable Little Town'...
ALEX JONES: 'THE FIX IS IN, THEY'RE COMING FOR OUR GUNS'...

DOMINO'S PIZZA founder sues feds over Obamacare...

Atlanta mayor grants 50% pay increase for city council!

OBAMA TO STONERS: WE'RE COOL... { Yeah … right! … Choom gang-banger wobama is about as cool as s**t moving downhill … ‘social’ drugs as marijuana, blow to a lesser extent, hashish (heroin, speed, barbiturates, etc., are definitely uncool, sticking with the limited stoner terminology, dudes) are neither cool nor uncool … as plebian as a glass of wine, champagne, beer, scotch, etc., after a week’s hard work only, at best a somewhat decadent indulgence; at worst, as with all indulgences, literally potentially destructive and negative if in excess … Far from special, anyone can do them … [Truth be told, within weeks (ie., usually 4-6 weeks) of ie., important exams (it’s also ‘lamentably’ true I was a ‘quick-study’ crammer but blessed with a great memory facilitating same without detriment thereby, providing for/enabling ‘balance’), I abstained from marijuana owing to the somewhat limited, lingering persistence of same in the fatty tissues including the brain affecting retention, etc.. ] Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! http://www.albertpeia.com/wobamaschoomgangbangin.wmv }

We Are Witnessing The Death Of Small Business In America

http://albertpeia.com/deathofsmallbusinessinamerica.htm

55 Reasons Why California Is The Worst State (Only New Jersey is Worse) In America

http://albertpeia.com/55reasonscaliforniaworststateafterjersey.htm

{ With jersey, it’s necessary to look under the hood! }

20 Outrageous Examples That Show How Political Correctness Is Taking Over America

http://albertpeia.com/20outrageousexamplesofpoliticalcorrectness.htm

12-13-12 Senate Report: Harsh CIA Interrogation DID NOT Lead To Intelligence Gains...

Only 15 States Opt to Run Obamacare Exchanges...

Violent 'Grinch Gang' Ransacking Upscale Suburban NYC Homes...

12-12-12 Pelosi Accuses GOP Of Lack Of Concern For Kwanzaa...

DETROIT'S DECLINE: 34.5% on Food Stamps, 45.7% Not in Labor Force...

BUDGET DEFICIT SKYROCKETS TO $172B IN NOV, UP $52B FROM OCT...

PUMP DELUXE: Federal Reserve to spend $45B month to buy bonds...
{ It’s really quite amazing that the so-called economic experts, ie., economists, financial/securities analysts, CEO’s, etc., are so economically challenged so as to believe beyond the self-interested ‘swallow’ (ie., paper inflation, etc.) that somehow printing/creating ever more worthless/debased paper fiat currency will in some way create real value, production, jobs, etc., as opposed to the destructive mechanism along with nefarious dislocations that it truly is. }
PROJECTS HIGH UNEMPLOYMENT FOR NEXT 3 YEARS...

JIMMY HOFFA WARNS OF 'CIVIL WAR'... { There is an exception to the hearsay rule known as a dying declaration; the rationale being that a person would not ‘go to his maker’ with a false statement/declaration to ‘taint his soul’. Interestingly, I had occasion to know a very intelligent, learned man who was indeed dying, in a death spiral if you will. A lawyer by profession, he had taken an interest in another lawyer’s history; none other than Abraham Lincoln himself. Curiously I thought at the time, though even then, some decades ago (long before the internet), I realized that you were never getting the whole, correct, true story from american media, history as written, etc.. ( I was fortunate in sixth grade to have had a great teacher, James Bresnahan, who allowed for ‘expansive’/accelerated learning in what he took the time and trouble to provide as an advanced reading group. Among the subjects was that knowledge/thinking tainting phenomena known more commonly as propaganda). After all, a long dead president; and, one who famously suffered from recurring bouts of severe depression could hardly be the object of, from my view, intense intellectual interest and scrutiny. Yet, he was fixated on what he deemed a somewhat surprising revelation; viz., from his intense study, Abe was not ‘Honest Abe’ but rather, was a thief. I was aware that in fact, Lincoln found niggers somewhat appalling and initially opposed ending slavery as well as those who favored same, viz., the abolitionists, etc. (niggers are a same old old story of lazy, unproductive, inherently very uncivilized criminal people who are fun-luvin’ for games, partying, and getting high only. Even the incisive Shakespeare euphemistically referred to the ‘typicality’ of the inherently untrustworthy and without sense of honor, ‘noir’ [french for black]). The ultimate consummate politician (as a lawyer, Lincoln famously took a contrary position not long before saying he thought he then was right but now taking the opposite position now knew he was right … riiiiight! ‘Honest Abe’), Lincoln ultimately did, in rallying his ‘stalwarts’, back the abolitionist cause. I personally feel the people of the south were foolish in bringing vanquished niggers, sold into slavery by other niggers who vanquished them, to this already now recently blemished land. Moreover, as today, the niggers (and the abolitionist cause) had provided fodder for politics of all sorts, including that of Lincoln. Indeed, even today, spielberg who is famous for his pro-jewish ‘politicking’/propaganda (even the first Indiana Jones movie was heavy on the Arab/Nazi transference propaganda) has found a way to make film-making pay for him and the democratic party by way of the misguided, inaccurate view of Lincoln as the anti-slavery icon he is speciously depicted as. Civil war? Hoffa, like his mob-connected, then disconnected (permanently) father is old news. The truth is that their own done them in (as was so of hoffa’s father) with NAFTA, etc., as they themselves foolishly laughed at their real would-be saviors, ie., Ross Perot, etc.. The reality is, there is literally nothing that can’t be produced better and cheaper and without paying the shake-down bribe from the teamsters et als for doing absolutely nothing (as is true with the other niggers, et als, entitlements, etc.), elsewhere. Twinkies anyone? }

Obama has hired 101 new federal employees A DAY since taking office...

UNCHAINED: Foxx Jokes About Killing 'All The White People' In New Movie...
Nelson Mandela 'proven' to be a member of the Communist Party Telegraph.co.uk For decades, it was one of the enduring disputes of South Africa's anti-apartheid struggle. { The failed system of communism. Not surprising that a nigger would lache on to such where everyone’s ‘equal’; but, for no good reason, other than for party membership alone some are more equal than others. Well, close enough, but no cigar. After all, chimpanzees share a 98% identical DNA profile with modern humans; and, niggers share 99% (hence, that familiar simian look of the nigger. Interestingly, I must confess that I’ve more recently particularly, developed a well-founded aversion for and antipathy towards chimps, gorillas, oranguatangs and monkeys owing to the fact that they remind me of niggers! Niggers are a drag on civilized society! }

Execution-style shooting on busy Manhattan street...
Man Dies...
85-Year-Old Woman Savagely Attacked In Greenwich Village Elevator...

APOCALYPTO: Panic spreads ahead of Mayan prophecy... { As I previously have stated: No, the world’s not ending … this year … but, there’s just decades left at best! The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ] }

Zimmerman Sues NBCNEWS... { Truth be told, even some decades ago, while there to drop off some ‘paper’, I was somewhat shocked to see that almost an entire nbc corporate floor was almost all niggers! Maybe, as with the election, they were just afraid the niggers might riot. }
Made me into a Racist to Fix Low Ratings...
Furor over WVA high school's mandate that students stand for 'African-American National Anthem'... { The niggerization of america, no wonder america’s a nation in decline! }

Christie Meet$ With Obama as Sandy Aid Package Formed...

DETROIT TO OBAMA: WE (THE NIGGERS AND SELF-LOATHING WHITES ET ALS) VOTED YOU IN, NOW BAIL US OUT... http://albertpeia.com/lawlesswastelanddetroit.htm

Israel accuses USA of inciting protests... { Riiiiight! Defacto bankrupt america that needlessly and foolishly bleeds real blood and treasure for israel is the culprit…Wow!…You can’t make this stuff up! }

Christie seeks 100% federal government reimbursement for Sandy... NY, NJ, CT lawmakers seek $83 billion to cover cost of damage... { People should read the comments … the opposition are vehemently against a bailout for national drains (ie., wall street frauds, frauds, organized crime, corruption, etc.) new york/new jersey/connecticut. }

Nader: O Worse Than Bush... Nader: War Criminal Obama Worse Than Bush { I’d call it now a not too surprising tie! }

Dave’s Daily: http://www.etfdigest.com ‘RUMORS OF DEAL COME AND GO 12-11-12 …’

http://albertpeia.com/davechart121112no1.gif

http://albertpeia.com/davechart121112no2.gif

Sorry Protesters: Your Jobs Are Being Sent To China And They Aren't Coming Back

http://theeconomiccollapseblog.com

http://albertpeia.com/chinajobsnotcomingback.htm

"Trenton Makes, The Mayor Takes" Mack Indicted On Corruption Charges

Just a few months back we noted the FBI's arrest of Tony Mack, the Mayor of New Jersey's salubrious capital Trenton. Today, via AP, the mayor and his brother have been indicted on eight counts of extortion, bribery, and mail and wire fraud. The Mayor has continued in his position - even since the September arrest - but the  federal indictment relates to an alleged scheme to accept $119,000 in bribes in exchange for his influence in the development of a garage on city-owned land. Shocked? not so much; but it seems maybe "Trenton Makes, The Mayor Takes" is more appropriate.

The 11 "Death Spiral" States http://albertpeia.com/deathspiralstates.htm

Submitted by Tyler Durden on 12/04/2012

Eleven states made Forbes' list of danger spots for investors including California, New York, Illinois, and Ohio. They warned (and with the cliff it is even more critical), if you have muni bonds in these states - clean up your portfolio; if your career takes you there - rent, don't buy! Two factors determine their list of 'fiscal hellholes'. The first is whether there are more takers (someone who draws money from the government) than makers (the gainfully employed). The second is a state credit-worthiness score (via Conning) based on large debts, uncompetitive business climates, weak home prices, and bad trends in employment. Conning rates North Dakota the safest state to lend money to, Connecticut the most hazardous. A state qualifies for the Forbes' death spiral list if its taker/maker ratio exceeds 1.0 and it resides in the bottom half of Conning’s ranking. See below for the 11 states to avoid...no matter what Bob Toll, Larry Yun, Bob Pisani, or Alexandra Lebenthal tells you..

Worst-run states

New Jersey

Between 2010 and 2011, New Jersey’s GDP contracted by 0.5% — more than all but three states. The state’s median household income and poverty rate both ranked third in the nation. On the other hand, the state’s tax burden on its residents was second highest in the U.S. in 2010. Residents paid 12.4% of their income in state and local taxes — higher than any other state except neighboring New York. The state has budget problems, as well, according to the 24/7 Wall St. analysis. New Jersey’s debt as a percentage of revenue was 91.6%, the fifth-highest of all states.

Jimmy Hoffa Warns Of "Civil War" As Michigan Governor Signs "Right-To-Work" Into Law

Submitted by Tyler Durden on 12/11/2012

Minutes before Michigan Governor Snyder signed the 'Right-To-Work' bill into law, Teamster leader Jimmy Hoffa appeared on CNN,as seen in the clip below, warning that: "This is just the first round of a battle that's going to divide this state. We're going to have a civil war," as the bill to weaken unions' power is passed.

JIMMY HOFFA WARNS OF 'CIVIL WAR'... { There is an exception to the hearsay rule known as a dying declaration; the rationale being that a person would not ‘go to his maker’ with a false statement/declaration to ‘taint his soul’. Interestingly, I had occasion to know a very intelligent, learned man who was indeed dying, in a death spiral if you will. A lawyer by profession, he had taken an interest in another lawyer’s history; none other than Abraham Lincoln himself. Curiously I thought at the time, though even then, some decades ago (long before the internet), I realized that you were never getting the whole, correct, true story from american media, history as written, etc.. ( I was fortunate in sixth grade to have had a great teacher, James Bresnahan, who allowed for ‘expansive’/accelerated learning in what he took the time and trouble to provide as an advanced reading group. Among the subjects was that knowledge/thinking tainting phenomena known more commonly as propaganda). After all, a long dead president; and, one who famously suffered from recurring bouts of severe depression could hardly be the object of, from my view, intense intellectual interest and scrutiny. Yet, he was fixated on what he deemed a somewhat surprising revelation; viz., from his intense study, Abe was not ‘Honest Abe’ but rather, was a thief. I was aware that in fact, Lincoln found niggers somewhat appalling and initially opposed ending slavery as well as those who favored same, viz., the abolitionists, etc. (niggers are a same old old story of lazy, unproductive, inherently very uncivilized criminal people who are fun-luvin’ for games, partying, and getting high only. Even the incisive Shakespeare euphemistically referred to the ‘typicality’ of the inherently untrustworthy and without sense of honor, ‘noir’ [french for black]). The ultimate consummate politician (as a lawyer, Lincoln famously took a contrary position not long before saying he thought he then was right but now taking the opposite position now knew he was right … riiiiight! ‘Honest Abe’), Lincoln ultimately did, in rallying his ‘stalwarts’, back the abolitionist cause. I personally feel the people of the south were foolish in bringing vanquished niggers, sold into slavery by other niggers who vanquished them, to this already now recently blemished land. Moreover, as today, the niggers (and the abolitionist cause) had provided fodder for politics of all sorts, including that of Lincoln. Indeed, even today, spielberg who is famous for his pro-jewish ‘politicking’/propaganda (even the first Indiana Jones movie was heavy on the Arab/Nazi transference propaganda) has found a way to make film-making pay for him and the democratic party by way of the misguided, inaccurate view of Lincoln as the anti-slavery icon he is speciously depicted as. Civil war? Hoffa, like his mob-connected, then disconnected (permanently) father is old news. The truth is that their own done them in (as was so of hoffa’s father) with NAFTA, etc., as they themselves foolishly laughed at their real would-be saviors, ie., Ross Perot, etc.. The reality is, there is literally nothing that can’t be produced better and cheaper and without paying the shake-down bribe from the teamsters et als for doing absolutely nothing (as is true with the other niggers, et als, entitlements, etc.), elsewhere. Twinkies anyone? }

U.S. Army Starts Targeting Children Posted by : George Washington Post date: 12/11/2012 - American Military Starts Assassinating Children Obama and the American military label all young men – between the ages of say 15 and 35 - who happen to be in battle zones as suspected insurgents who they can target and kill. Under the Bush administration, children were tortured. Now, the U.S. military is starting to target children for assassination in battle zones. As the Nation reports: In a despicable article in Military Times, the US military says that children are legitimate targets in the war in Afghanistan … War crimes?  It would appear so. But the U.S. government exempts its own acts from the definition of terrorism, even as it labels others as terrorists for doing the exact same things.

12-11-12 VIDEO: FOXNEWS contributor punched in face at pro-union protests in Michigan...
'THERE WILL BE BLOOD'...
VIDEO: Angry mob ransacks tent...
Only 7% of Detroit 8th Graders Proficient in Reading...

COPS: Teens Ask for Smoke, Kill Woman When She Replies 'Get a Job'...

COPS: Woman Robbed By Man With Sword While Pumping Gas...

Californians packing up and moving out – to Texas!
State now spends 'most of its money on salaries, retirement payments, health care benefits for gov't workers'...

Jersey City Unveils 3-Story 'Eye In The Sky' Surveillance Tower To Help Police Fight Crime...

Monkey should have 'right to choose' where he lives...

Obama has hired 101 new federal employees A DAY since taking office...

UNCHAINED: Foxx Jokes About Killing 'All The White People' In New Movie...
Nelson Mandela 'proven' to be a member of the Communist Party Telegraph.co.uk For decades, it was one of the enduring disputes of South Africa's anti-apartheid struggle. { The failed system of communism. Not surprising that a nigger would lache on to such where everyone’s ‘equal’; but, for no good reason, other than for party membership alone some are more equal than others. Well, close enough, but no cigar. After all, chimpanzees share a 98% identical DNA profile with modern humans; and, niggers share 99% (hence, that familiar simian look of the nigger. Interestingly, I must confess that I’ve more recently particularly, developed a well-founded aversion for and antipathy towards chimps, gorillas, oranguatangs and monkeys owing to the fact that they remind me of niggers! Niggers are a drag on civilized society! }

Execution-style shooting on busy Manhattan street...
Man Dies...
85-Year-Old Woman Savagely Attacked In Greenwich Village Elevator...

APOCALYPTO: Panic spreads ahead of Mayan prophecy... { As I previously have stated: No, the world’s not ending … this year … but, there’s just decades left at best! The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ] }

Zimmerman Sues NBCNEWS... { Truth be told, even some decades ago, while there to drop off some ‘paper’, I was somewhat shocked to see that almost an entire nbc corporate floor was almost all niggers! Maybe, as with the election, they were just afraid the niggers might riot. }
Made me into a Racist to Fix Low Ratings...
Furor over WVA high school's mandate that students stand for 'African-American National Anthem'... { The niggerization of america, no wonder america’s a nation in decline! }

Christie Meet$ With Obama as Sandy Aid Package Formed...

DETROIT TO OBAMA: WE (THE NIGGERS AND SELF-LOATHING WHITES ET ALS) VOTED YOU IN, NOW BAIL US OUT... http://albertpeia.com/lawlesswastelanddetroit.htm

Israel accuses USA of inciting protests... { Riiiiight! Defacto bankrupt america that needlessly and foolishly bleeds real blood and treasure for israel is the culprit…Wow!…You can’t make this stuff up! }

Christie seeks 100% federal government reimbursement for Sandy... NY, NJ, CT lawmakers seek $83 billion to cover cost of damage... { People should read the comments … the opposition are vehemently against a bailout for national drains (ie., wall street frauds, frauds, organized crime, corruption, etc.) new york/new jersey/connecticut. }

Nader: O Worse Than Bush... Nader: War Criminal Obama Worse Than Bush { I’d call it now a not too surprising tie! }

STUDY: American Households Hit 43-Year Low In Net Worth...

Debt Hits $16,306,713,000,000...

CA City Attorney Tells Residents To 'Lock Their Doors, Load Their Guns' Over Police Downsizing... { This is already good counsel for all of california in light of pervasive crime and egalitarian, politically correct attitudes hindering law enforcement! }

Michigan Governor Won't Rule Out Dissolving City Of Detroit... { Sounds like a plan! }
Oakland Crime Rate Soars As City Loses Officers; 33 Burglaries A Day... { Ah, come on! Understand these disadvantaged … times are tough which makes the tough get goin’. I wonder how many are double-dipping? I bet they voted for O. }

NY, NJ lawmakers seek $80 billion to cover cost of damage... { People should read the comments … the opposition are vehemently against a bailout for national drains (ie., wall street frauds, frauds, organized crime, etc.) new york/new jersey. }

UPDATE: Judge approves Twinkie liquidation... { Alas, adieu sweet hostess. As a kid (as an adult as well but can’t afford those calories and haven’t had them in years), truth be told, though I liked twinkies with milk, preferably chocolate milk, I invariably opted for the cream-filled chocolate cake, chocolate iced (with the squiggle on top) hostess cupcakes; with plain milk, of course. The ‘golden-goose-killers’ strike again! }

Jesse Jackson Jr. quits Congress...
'Couldn't stop crying, couldn't give a press conference'...

JOBLESS...
INFLATION...
POVERTY...
RECESSION...

RADIO HOST CALLS FOR 'SECOND AMERICAN REVOLUTION'...
SECESSION MOVEMENT EXPLODES...

DENNY'S to charge 5% 'Obamacare surcharge' and cut employee hours...

Postal Service Loses Record $15.9 Billion...

Faber: Prepare for Massive Market Meltdown...

OLIVER STONE: 'I find Obama scary'...

PETRAEUS RESIGNS OVER 'AFFAIR'

Was Slated to Testify on Benghazi Next Week...
'Timing Is Just Too Perfect'...
Lawmakers Considered Calling For Resignation In October...
FBI SPIED ON CIA DIRECTOR, WOMAN; EMAILS?

Dear Drudge: Stop the race {reality} stories { No, Drudge…keep the real news coming…though the chimps are incapable of shame, let others, facilitators all, feel the blame! }...

Assange: Obama a 'wolf in sheep's clothing'...

Obama Administration Shuts Down Oil Drilling Out West...
STOCKS FALL 3% SINCE RE-ELECT...

COMPANIES PLAN MASSIVE LAYOFFS AS OBAMACARE BECOMES REALITY...
Utah company fires 100, blames Obama...
CEO reads prayer to staff, announces layoffs...
Floodgates open on new health regs...

Clinton to Step Down 'Days' After Inauguration...
HOLDER EYES EXIT...

Obama Administration Shuts Down Oil Drilling Out West...
STOCKS FALL 3% SINCE RE-ELECT...

RECORD 70.4 Million Enrolled in Medicaid: 1 Out of 5 Americans...

NYC rations gasoline; expected to last weeks...
Man waits 30 hours for gas...
Liquor drought...
Prison For Displaced Victims?
Power Loss Tests Limits...
11 days after Sandy...
'Ready to snap'...
Nightmare in shelters...

RON PAUL: Election shows U.S. 'far gone'...

UPDATE: Man Beaten During Giants World Series Victory Celebration Dies...

Obama weeps again...

Record snow adds to woes in Sandy-struck region...
FEMA office on Staten Island closed 'due to weather'...
Despair deepens...
TAX HIT THREATENS VICTIMS...
Looting Reaches Epidemic Levels...
Gas Crisis Could Last Weeks...

WALL STREET ALARM...
Stocks 'cringe'...
'SUGAR HIGH' ENDS...

LIMBAUGH: 'I went to bed last night thinking we lost the country'...
HANNITY: 'Allure And Appeal Of Socialism Has Taken Hold'...
LEVIN: 'Unvarnished Truth' On Romney Loss...
SAVAGE: 'Our society is being turned into prison camp'...

California Votes for Higher Taxes...

OBAMA WINS 39% OF (SELF-DESTRUCTIVE, SELF-LOATHING) WHITES...

ANTI-OBAMA PROTESTS ESCALATE AT UNIVERSITY

Athens Erupts in Riots During Key Austerity Vote...

Election Judge Wears Obama Cap While Checking in Voters in Chicago Ward...

Obama Mural in Philadelphia Polling Place...
UPDATE: Judge orders mural to be covered...
Obama Poster Hanging in Florida Polling Station...

Black Panthers Return to Philly Polling Site...
VIDEO...
GOP poll inspectors being forcibly removed -- replaced by Democrats...
Judge issues order to reinstate...
CHAOS...

FINAL RASMUSSEN: R 49% O 48%...
FINAL BATTLEGROUND: O 47% R 47%...
Goeas: Romney 50.3%, Obama 48.8%...
R 40,454,933
O 39,423,072*
FOUR MORE TEARS

BIDEN: 'I'm Going To Go Back Home, Run For County Council Or Something'...
Who Wants A President Who Will Lie To You? Asks -- BILL CLINTON? { Well, we all know of the many crimes of clinton, we must forget his televised proven lie since he didn’t know what the meaning of the word ‘is’, is. Another psychopathic mental case rivaling wobama’s own psychogenic/dissociative amnesia. }

Rep. Jesse Jackson Jr. wins reelection -- from Mayo Clinic!

GALLUP SHOCK: 'REPUBLICAN' BEATS OBAMA BY 8%
GALLUP: APPROVE DOWN TO 38%...
Highest Negative Rating Ever...
DOJ raids guitar factory...
UPDATE: GIBSON GUITAR CEO slams raids as 'overreach'... [ With unprosecuted securities fraud in the trillions, and my own experience with the ‘DOJ’ that has covered up serious RICO crimes, etc., http://albertpeia.com/fbimartinezcongallard.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm , I find this somewhat incredulous in terms of priorities!]
JOBS: ZERO...
BROKE: POST OFFICE SYSTEM MAY SHUT DOWN ENTIRELY THIS WINTER... [Good! Let UPS take them over … the usps is totally unreliable]
AMERICA FALLS TO 5TH PLACE...
46.2 million Americans are now poor...
22% of children in poverty...
Dramatic drop in median income...
Likely to worsen...
POVERTY SOARS
SETS NEW RECORD
POLL: OBAMA 41% ANY REPUBLICAN 47%...
RE-ELECT: 41%...
'AIMLESS OBAMA WALKS ALONE'...
'Loner'...
AP: Disconnected from reality...
STUDY: USA not in top 10 for starting a business...
NEW DOWNGRADE THREAT
NUMBER OF 'NEAR POOR' STARTLES CENSUS...
MSNBC Matthews Turns On Obama...
'I Hear Stories That You Would Not Believe'...
COMPANY SHOCK: 'WE'RE NOT HIRING UNTIL OBAMA GONE'
OBAMA LOSES SUPPORT FROM BLUE COLLAR DEMS...
RUSSIAN ANCHORWOMAN FLIPS OBAMA THE BIRD...
FITCH TURNS NEGATIVE ON US
Obama's Job Approval Drops Below Carter's...
S&P Downgrades Dozens Of Global Banks...
REPORT: Hank Paulson passed inside information to fund managers...
'OBAMA IS A CORPORATE PUPPET'...
Support for Obamacare hits new low...
RE-ELECT AT 43%
GALLUP SWING: OBAMA BACK DOWN TO 41% APPROVE, 50% DIS...
USA Closes 2011 With Record $15.22 Trillion In Debt, Officially At 100.3% Debt/GDP...
Levin: Obama's Comment 'Forthright Statement Of A Dictator'...
RUBIO TO OBAMA: YOU'RE TURNING AMERICA INTO 'DEADBEAT NATION'...
GROUP PLANS TO FLY 'IMPEACH OBAMA' BANNER OVER SUPER BOWL...
RON PAUL SAVAGES SANTORUM AS 'CORRUPT'...
WAR DRUMS: Iran, Israel and US plan Gulf exercises...
Diamond Prices 'To Jump 20%', Outperform Gold...
RUBIO SENDS WARNING LETTER TO OBAMA: DEBT SOON 'WELL ABOVE $16 TRILLION'... DEVELOPING...

GALLUP: R 50% O 49%...
RASMUSSEN: R 49% O 48%...

NOONAN: IT'S ROMNEY...
Fred Barnes: Why Romney Will Win...
Romney winning independents 59%-35%...

Romney internal polls put him UP in OH, TIED in PA and WI...

'Thousands of ballots' unlikely to reach military voters in time...

GENERATION DEBT: Every American Under 18 Now Owes $218,676...
'Per Person Debt Now 35 Percent Higher than that of Greece'...
NY DAILY NEWS ENDORSES -- ROMNEY?

21 NEWSPAPERS SWITCH TO ROMNEY...
NY DAILY NEWS: 'Hopes went unfulfilled'...

FL: R 52% O 47%...
MI: R 47% O 46%...
VA: R 50% O 48%...
OH: O 49% R 49%...

Fearing Romney victory, EPA plans post election anti-coal regulation...

CBS releases even more unseen footage from Obama interview after Benghazi attack...

Obama, not-so-happy warrior...

Red-state Dems fight Obama drag...

Obama favored in his ancestral Kenyan village...

Romney draws huge crowd in PA...
500 retired generals, admirals announce support...
Obama Ignores Question About Storm Victims' Frustrations...
Fear of the Dark...
Con Edison Distributing Dry Ice...
FEMA Out Of Water, No Delivery Until Monday...
FREE FUEL FOR EVERYONE!
2-mile line on Staten Island...
CONFUSION: Gov't tells public to stay away until first responders fuel up...
Residents arm up: Bats, machetes, shotguns...
'It's Like The Wild West'...
'Anarchy in Queens'...
ODD-EVEN: NJ counties enact Carter-style gas rationing...
DICK MORRIS: Obama Hit By Storm Backlash...

MOTHER OF SEAL: 'I BELIEVE OBAMA MURDERED MY SON'...
Security officials on the ground in Libya challenge CIA account...
REPORT: U.S. considered moving Benghazi consulate month before deadly attack...
Papers blast president's response...
RUDY CALLS ON BARRY TO RESIGN!

FL: R 51% O 45%...

NYT: PA 'tilting toward Romney'...
MI: R 47% O 46%...
Candy Crowley: 'President Romney'...

PA POLL JOLT: O 47% R 47%

Bill Maher to Romney Supporters: 'Black People Like Vanilla Fudge Nut maher Know Who You Are and They Will Come After You'...
REPORT: Obama supporters step up riot threats...
Black pastor receives death threats after reversing support...
Black Americans still back Obama despite steep plunge in their economic fortunes...
SHOCK POLL: Minnesota a toss-up...

REPORT: NAACP Takes Over Houston Polling Station, Advocates for O {and are acting like the uncivilized, lawless niggers they are!}...

Service members purged from voter rolls in Florida...

30,000 turn out in Ohio for Romney...
Obama plays for just 2,800...
CLEVELAND 2008: 80,000; CLEVELAND 2012: 4,000...
Just 200 show up for event with Stevie Wonder!

ABCWASHPOST: R 49% O 48%...
RASMUSSEN: O 48% R 48%...

Campaign 2012
BARONE CALLS RACE FOR... Barone: Going out on a limb: Romney beats Obama, handily November 2, 2012 | 4:58 pm

'Let's Win This Motherfu**er!': White House Official Delivers Shock Speech...
ROMNEY HEADS TO PA!

POLL: 63% Want Obama 2nd Term -- in China...

OCTOBER UNEMPLOYMENT UP: 7.9%...
RATE HIGHER THAN WHEN OBAMA TOOK OFFICE...
Promised 5.2% rate by Oct 2012...
President Faces Voters With Highest Unemployment Of Any Incumbent Since FDR...
ROMNEY: 'Sad reminder economy at virtual standstill'...
Incomes Continue to Decline...
Long-Term Rate Rises to 40.6%...
Blacks to 14.3%...
Food Stamp Growth 75X Greater than Job Creation...

BIDEN: 'There's Never Been A Day In The Last Four Years I've Been Proud To Be His Vice President'...

Joe Biden: 'I'm Going To Take A Vacation'...

Entire Minneapolis Police Force Gets Death Threat After Gang Member Shot Dead...

Drivers Waiting 6 Hours For Gas in NYC...
Tempers Rise in Wake of Storm...
'Finding bodies left and right'...
Restaurant, hotel prices skyrocket...
CHUCK SCHUMER CONFRONTED: 'We Are Gonna Die!'
CRAIGSLIST: $15 a gallon...
Utility workers pelted with eggs...
Misery...
'We have nothing'...
Residents Furious RED CROSS Offering Cookies & Hot Chocolate, Not Blankets Or Clothes...
Jet Fuel Supply Fast Becoming Concern At Airports...
Staten Islanders Plead for Help: 'We Need Food'...
'Please don't leave us'...
VIDEO: Stranded New Yorkers Defecating in Apartment Buildings...
DIRE...
NJ counties enact 70s style gas rationing... Developing...

ABCWASHPOST:O48%R48%...

Republican National Committee alleges voting machine troubles in Nevada, other swing states...

Gas Shortages May Not End for Another Week...
Fear Turns to Frustration, Anger...
Fistfights, Guns Drawn...
'You're not getting gas tonight'...
Lines grow...
Some Siphoning From Cars!
'I'm pretty pissed'...
Troopers deployed to gas stations...
Stars throw extravagant Halloween party despite destruction...
Commuter Delays Rage...
NYC Official: Red Cross 'Absolute Disgrace'...
Looters Dress Like Con Edison Workers to Gain Access to Houses...
Staten Islanders Plead for Help: 'We Need Food'...

OBAMA LEFT THEM BEHIND: HUNGRY DUMPSTER DIVING IN NYC

BLOOMBERG PLAYS POLITICS WITH SANDY; ENDORSES O AS 'CLIMATE CHANGE' LEADER...
State Dept never called for military back up...
BUCHANAN: Hillary's head should roll...

New ADP Count Slashes Job Creation for September...

NY state asks feds to cover all $6 billion in storm costs... { Between wall street frauds/bail outs, outright theft from the new york fed, etc., in the trillions, what a national drain new york is! }
Tempers flare in NJ city where thousands stranded...

DAILY CALLER: Women claim Sen. Bob Menendez [D-NJ] paid for sex in Dominican Republic...
VIDEO...
'We're not going to respond'...
FLASHBACK: Senator Called for Secret Service Agents to be fired over prostitution scandal...

Republican National Committee alleges voting machine troubles in Nevada, other swing states...
James Baker: 'Not Entirely Unlikely That We Might Have A Recount'...

DICK MORRIS: Here comes the landslide...
Romney Campaign: The Fundamentals Favor Us...
Rove: Sifting the Numbers for a Winner...

Denver Dem Mayor Goes To Wisconsin And Says Obama Getting Beat In Early Voting...

New ADP Count Slashes Job Creation for September...
OHIO: MORE VOTING PROBLEMS AS BALLOT CAST FOR ROMNEY COMES UP OBAMA...

Congress steps up demands for info on Benghazi attack...
White House dodges...
FACEBOOK Censors Navy SEALS to Protect President...
'The mysterious media Benghazi bugout'...
Hannity on WH Audio Tapes: 'I've Heard They Are Damning'...
WASHPOST: 'LINGERING QUESTIONS'...
LENO: 'Don't ask, don't tell is back ... Obama's new policy for questions about Libya'...

REPUBLICANS HAVE WON EVERY NOV 6TH PRESIDENTIAL ELECTION SINCE 1860...

Dianne Feinstein: No need to debate Republican opponent... { Riiiight! Things are going so swimmingly (as in drowning) for the nation and california particularly. Actually, I responded to a ‘generic’ email / facebook request from her with my subsequent request that she help to elicit a formal response from the FBI as promised regarding the RICO matters (the other incompetent, failed perrenial senator barbara boxer actually had ‘made her presence known’ in the corrupted process regarding usdcj matz/lester and the default of the u.s. which missed the filing date which error was compounded by the misstatement of the rule in court on the record by asst. us attorney robert i. lester); but, no response... http://albertpeia.com/selfdefense.htm [ One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! ]

11-5-11 Dear Congresswoman Roybal-Allard:

The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:

‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’

Sincerely,

Albert L. Peia

America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm

Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

, Guest Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words! It’s been my direct experience for quite some time now and is quite a pathetic scenario! } Legal precedent means nothing. Rule of law means nothing. Free speech means nothing. Their own treaties mean nothing. It’s unbelievable. Anyone in the west who honestly thinks he’s still living in a free society is either a fool or completely out of touch. If that seems too radical an idea, consider that ECUADOR is now the only nation which stands to defend freedom and human rights against an assault from the United States, the United Kingdom, and their spineless allies. The west has just become a giant banana republic. Have you hit your breaking point yet? If not now… when? { { I’m really constrained to interject my own direct experience with the FBI here; and, I must say I do so lamentably. If you want no real results vis-à-vis organized crime which now extends to the upper reaches, highest levels of the corrupt u.s. government, go to the FBI. I discounted the new jersey FBI as just typical corrupt, mob infested jersey which thinks in terms of discos/casinos. But, truth be told, they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their (understated) crime stats for even a second. I’m beginning to feel foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters directly who seem to have at least some sense of the magnitude of the fraud involved and the pervasive corruption of the system and government and maybe a semblance of honor in this nation of protracted decline. It never would have occurred to me back when for me, such a choice/decision was clear-cut and simple. Such a course as mine I no longer could recommend inasmuch as there is little difference between state/government sponsored crime/corruption and that perpetrated by other criminal elements, from my direct experience with both, infra: Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some federal workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the properties in my proceedings for which surplus funds are unaccounted for was a top floor balconied 2 bedroom 1 and 1/2 bath condominium (beach/boardwalk front w/indoor pool/sauna) in seaside heights, n.j. –10-31-12 Post Sandy: I’m wondering if it’s still there. ). But debauchery an american specialty? Another rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in the illegal drug trade). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city boy louis freeh, labeled by former Prosecutor Larry Klayman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.

New Yorkers in fuel scramble as storm-hit pumps dry up...
Sewage, Bacteria, Gasoline Found in Floodwater...
Phone addicts suffer withdrawal...
Looters target Coney Island...

Feds to hit borrowing ceiling at year-end...

GALLUP: ROMNEY UP 52%-45% AMONG EARLY VOTERS...

REPORT: GOP voting tsunami coming...

POLL: Obama dominates Romney -- in Russia...

Romney suddenly plunging onto Democratic turf...
MSNBC Ridicules Romney for Collecting Food, Supplies for Sandy Victims...

FACEBOOK Censors Navy SEALS to Protect Obama on Benghazi...

Michael Moore/MoveOn.org: We will burn this motherf*cker down and c*ck-punch Romney...

THE MORNING AFTER
PHOTOS: SHOCK AND AWE...

DEATH TOLL CLIMBS ABOVE 45...
Northeast airports, transit systems slowly start moving again...
Crippled NYC subways could hamper recovery...

ELECTION PROJECTION: R 52% O 47%...
GALLUP MONDAY: R 51% O 46%...
OH: R 50% O 48%...

MN: O 47% R 44%...
GALLUP: Obama's Job Approval Drops 7 Points in 3 Days...
Adopts tone of challenger...
DES MOINES REGISTER Endorses Romney...
OLIVER STONE RIPS PREZ: 'Took bad situation, made it worse'...

CHICAGOLAND: 435th Homicide Matches Total For All Of 2011...

Romney hits auto bailout as CHRYSLER moves Jeep production to China...
OBAMA: 'Hurts my feelings the most'...
Report: FIAT now says Jeep may move to Italy...

Vandal Keys 'Obama' Into Cars Of Residents Supporting Romney...
Large Amounts Of Nails Dumped In Parking Lot At Tea Party Rally...
Church sign defaced...

Madonna booed after touting Obama during Concert...

REPORT: Obama camapign takes money from 'Osama bin Laden'...

Water Level at Battery Park Reaches 11.25 feet, Surpassing Record Set in 1821...

Gangs Plan Hurricane Looting Spree Via TWITTER...
CT Gov. Closes All State Highways: 'Most Catastrophic Event We Have Faced In Any Of Our Lifetimes'...
'People Are Going To Be Fighting In The Streets Over Gasoline, Food'...
NATIONAL GUARD DEPLOYED...
UPDATE: 9,000 Flights Cancelled...
ANOTHER BLOW DAY: Federal offices in DC shut down again...

Absentee ballots sent to U.S. military serving in Afghanistan 'destroyed in crash'...
Romney seizes on sluggish growth figures...
Burning through O's 'firewall'...
Desperation? White House Considering New Tax Cut...
R 51% O 46%...
R 50% O 47%...
R 49% O 48%...
Bust of Barack Obama's head -- made of butter! -- tours the streets of Chicago...{ And not vice versa (as in that far from reality fairy tale vis-à-vis the big Cats: the Tigers say, ‘No Way!’) as (b.s. black) sambo(bama) is goin’ down (deservingly so) for the count! }
REPORT: Vanloads of Somalians driven to the polls in Ohio... { ‘Is voter fraud being committed in Ohio?..According to the Somali Community Association of Ohio’s web site, over 45,000 Somalis live in Ohio. Only 40 percent have become citizens of the United States, and only 25 percent speak English well enough to get a job..’ …Yes, they are typical dumb niggers for wobama! }

KRISTOL: Petraeus Throws President Under Bus... {Oh, right! Petraeus doesn’t fall on his sword and sacrifice himself for the incompetent liar in chief called ‘0’ as did hillary clinton; so somehow in some twisted way that becomes Petraeus’ fault.}

Senators demand White House declassify Libya video...
CIA OPS 'DENIED HELP' THREE TIMES DURING BENGHAZI...
Father of Slain SEAL: Who Made the Decision Not to Save My Son?

OBAMA DODGES DURING LOCAL TV INTERVIEW...

In Iowa, disappointment with Obama runs deep...

Iconic NY Steakhouse 'Gallagher's,' Which Survived Great Depression, Is Closing...

Taxpayer-funded 'green' company investigated for fraud...
AUDIT: Green jobs stimulus program had 16 percent success rate...
Over $60,000 in Welfare Spent Per Household in Poverty...

Historical treasures missing from National Archives...{Yeah…time to check Fort Knox, New York Fed ($4 trillion already previously has been reported missing).}

Romney signs, American flags torched in veteran's yard... { Terrorists at work for wobama! }
R 50% O 47%...
R 50% O 47%...
R 50% O 47%...

MI: O 47% R 47%...
DETROIT NEWS endorses Romney...

Wisconsin company announces layoffs ahead of Biden arrival...

October Sets New Record For Disability Claims: 8,803,335 Collecting Benefits...

SHOWDOWN! TEXAS VOWS TO ARREST UN ELECTION 'OBSERVERS' { Yeah, the u.n. has the stand-in role for the wobama/holder-protected black panthers as pro-o intimidators.} ...

Father Of Slain SEAL: Obama 'Could Not Look Me In The Eye...Like Shaking Hands With Dead Fish'...

Video snags Dem boss in vote fraud...
Son resigns...

'HE'S A BULLSHITTER'... { Yes, obama is an incorrigible b***s***ter! He’s gotten by on b***s*** and special nigger consideration his entire life. He is a total embarrassment! } ‘Four years after he was elected as a self-described 'hopemonger' promising a new post-partisan era, President Barack Obama is trying to claw his way to re-election with an ugly, divisive campaign in which he is playing the role of fearmonger-in-chief…’ { He’s a desperate, failed megalomaniac who is also a pathological liar along with other mental issues/troubles ( WH: 'We Decline to Comment' on When President Learned of E-Mails... ) Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }

Did the final presidential debate do anything to influence who you will support in ... NBCNews.com  { The following comment is correct. The other aspect is that people are seemingly pathetically ignoring that O’s last 4 years have been an abject, utter failure in spectacularly unprecedented fashion. A sad commentary on the state of the nation when such blatantly clear reality is ignored by so many, including those who should know better.} ‘Obama has told no truth in 4 years. He can't wave his hand and ignore sequestration. We need a leader not a liar. Romney is our only choice.’

O Booed at university's Military Appreciation Day football game...
RASMUSSEN: R 50% O 46%...
GALLUP: R 51% O 46%...
R 50% O 46%...
R 50% O 47%...
R 49% O 48%...
R 47% O 46%...
OHIO: R 48% O 48%...
MI: O 47% R 47%...
Fmr Dem Chair: CO 'Worst Swing State'...
Romney, Ryan draw massive crowds in Colorado...
GOP moves into Wisconsin...
Emails detail unfolding Benghazi attack on September 11th...
6:07 PM 9/11/12: 'Ansar al-Sharia Claims Responsibility'...

HE KNEW

Obama challenges press to find flip-flops -- and they do...
Woodward: President 'mistaken' on sequester...

Clint: 'Second Term Would be Rerun of First'...

Chicago Store Owner Labeled Racist For Anti-Obama Signs...
Police: Black Woman Lied About KKK Setting Her On Fire...

Obama Has Massive Lead -- in Other Countries...
TRUMP TO OBAMA: Release college, passport applications, I'll donate $5 million to charity of choice...
Goes bust on TWITTER...
ALLRED MET OBAMA TWO WEEKS BEFORE 'OCTOBER SURPRISE'
ALLRED HITS DEAD-END IN ROMNEY DIRT DIG?
2ND HEARING SET...

SURPRISE: Feds sue BANK OF AMERICA...

RASMUSSEN: R 50% O 46%...
GALLUP: R 51% O 46%...
POLLS: ROMNEY TAKES LEAD IN FAVORABILITY...

VIDEO: Romney Wins CBS Focus Group In Ohio...

With two weeks to go (feet to the fire), president releases second-term plan (Sounds like a … non-plan; after all, what has wobama ever said/promised in a campaign that’s come to fruition … right!… 0 as in zero as in O..bama) ...

STOCKS ROCKED: DOW -200...
Obama Supporters Continue Threats To Riot, Assassinate Romney... { Tweets Reveal Obama Supporters Fueled by ‘Racial Hatred’ Paul Joseph Watson | Chris Matthews gets it wrong again. (Indeed he does!) }
MSNBC crowd boos 9-year-old girl for supporting Romney... {Oooooh! Wobamanoids are so effective in targeting the ‘opposition’!}
Son Of WI State Senator Attacked Protecting Romney/Ryan Sign... ...
5-year-old girl raised by monkeys... [ Come on … leave wobama’s daughters out of this……….. my payback (Do not talk to President Romney that way!) for President 'insulted, patronized, mocked' his opponent... What can wobama say? He has but a record of abject failure to run on! And, the record IS unequivocally utter failure! All the choom fantasy, fellow nigger intimidation and threats will not change that fact! ]

GALLUP MONDAY: R 51% O 45%...

GALLUP: R 52% 0 45%...

CO: R 50% O 46%...

Image of Romney crops up in Iowa farm field...

Chavez, Castro, Putin ( among others in the ‘pro-america’ block ) endorse Obama...

ISSA TURNS UP HEAT ON SEBELIUS...

FABER: Cut US Govt. By 50% Now!

PAPER: Obama's Blind Eye to Illegal Donors...

Taxes go up in 2013 for 163 million workers...

Man busted for throwing pennies into Dem HQ; 'All he has left after being taxed by Obama'...
SIMON: Should Obama Resign Tonight?
International (pro-obama) monitors to watch US elections...
Obama Campaign Borrows $15M from Bank of America...
Gov't Foreign Debt Now $47,495 Per Household...
$10,090/Household Owed to China...
{ Nigger Terrorist at Work Mass Shooting At Brookfield Square Mall In Wisconsin Submitted by Tyler Durden on 10/21/2012 Breaking news of a mass shooting at the Azana Salon and Spa at the Brookfield Square Mall. Details still scarce but at least 4 people reported wounded and 3 more patients expected, emergency responders are on the ground, and the mall has been put on lockdown. The shooting suspect, who is said to have used a machine gun, is still at large. Updates via @USEmergAlerts: BROOKFIELD SQUARE | U/D SUSP BLACK MALE 6'1" 270 LBS. BALD. BROWN EYES U/D BPD RQST A MILWAUKEE SWAT TEAM & FLIGHT FOR LIFE IS ALSO LANDING AT THE NE CORNER OF BROOKFIELD SQUARE | UEA555 }

Son Of WI State Senator Attacked Protecting Romney/Ryan Sign... ...

REALCLEAR MAP: Romney takes first lead in electoral college...
Closing 26-point gap, Romney's favorability rating tops Obama's for first time...
PA SHOCK POLL: R 49% O 45%...
VA: R 50% O 47%...
FL: R 51% O 46%...
GALLUP: R 51% O 45% (10-19-12)...

Lifetime Democrat Lee Iacocca Endorses Romney...

Jesse Jackson Jr. may return to Mayo Clinic...
Off campaign trail since June, checks still paid to wife's consulting firm...
Has spent $110,000 since Rep dropped off...

CHICAGOLAND: Pack of Teen Girls Arrested For Armed Robbery...

GALLUP: R 52% O 45%...

PA SHOCK POLL: R 49% O 45%...

WELFARE SOARS 32% IN 4 YEARS...
Now costs $1,030,000,000,000...
Jobless claims rise most in 4 months...
Obama DOES Have Investments In Cayman Islands Trust...
... and has a bigger pension than Romney!
Under president, for every $7 brought in by gov't, $11 spent...
REALCLEAR MAP: Romney takes first lead in electoral college...

{ Any state that President Romney doesn’t carry is going to suffer! }

NC: R 52% O 46%...

OH: O 49% R 48%...
MI: O 44% R 41%...
WI: R 49% O 48%...
R closes 11-point gap in just two weeks...
O Brags About His Appeal Among Toddlers (sure…them among other young people who don’t understand how big a failure 0 is and how substantially he’s screwed them and the nation for years to come!)...

OBAMA ON COMEDY CENTRAL: 'WHEN FOUR AMERICANS GET KILLED, IT'S NOT OPTIMAL' [ 0’s such a joker/failure/joke! ]

Violent crime jumps 18%, first rise in nearly 20 years...

GALLUP: R 51% O 45%

DICK MORRIS: Romney won the second debate...
Threats to Assassinate Republican Romney Explode on TWITTER After Debate...

REPORT: White House contradicts president's statement on Benghazi terror attack...

Despite Pledge of Open Government, Obama Prosecuting Whistle-Blowers as Spies...

'When I Was President'... { Indeed, past tense for O and more than a Freudian slip as he heralds in new President Romney, writing on the wall though noit his teleprompter!
CAUGHT ON TAPE: Michelle O Broke Rules, Clapped During Debate...
'On Nov. 7, We're Going to Party Hard'...

U of Colorado Study: 77% likelihood Romney wins popular vote...

Record High Enrollment for Food Stamps: 46,681,833...

FOURNIER: Verdict Uncertain...
TREAT: Candy gives Obama 9% more time...
TRICK: Candy 'Throws the Flag'...
CANDYLAND: Romney was 'right in the main' on Benghazi, but 'picked the wrong word'...
Another debacle for America's media...
Reporters applaud Obama's slam on Romney's wealth...
Pelley: 'Most Rancorous Debate In History'...
'Nauesating'...

Reporters Get Drunk at Debate...
LUNTZ GROUP: BIG SWING...

A Frank Luntz focus group made up mostly of former Obama voters say they now support Mitt Romney.
"Forceful, compassionate, presidential," one participant said.
"Confident and realistic," said another.
"Presidential," another told Luntz.
"Enthusiastic," another reacted.
"Our next president," one man said.
"Dynamo, winner," said one more.
"He's lied about everything. He lied to get elected in 2008, that's why I voted for him. I bought his bull. And he's lied about everything, he hasn't come through on anything. And he's been bullshitting the public," one member of the focus group said.

Farrakhan's Fiery New Warning to USA: 'Every Plague Written in Koran is Going to Come to Pass'... { farrakhan’s really only talking about (all plagues rolled into) one plague; viz., the plague of the nigger which is extant despoliation wherever the niggers are, in the worst sense! Yes, they are the other, more nefarious black plague! }

Violent crime rises sharply... ‘6:53PM EDT October 17. 2012 - WASHINGTON — The violent crime rate went up 17% last year, ending a general decline in violence that began nearly 20 years ago, according to a new federal survey of crime victims.The Justice Department's National Crime Victimization Survey also found an 11% increase in the rate of property crimes, including household burglaries and car theft.’ { Come on! Perenially understated, these understated crime numbers don’t even take into account ‘protected/unprosecuted’ wall street frauds/crimes in the trillions. And, how about those fed paper bucks that ‘fell off the fed trucks’ even just recently; kind of like those 360 tons of $100 bills ($12 billion) flown into Iraq that just ‘disappeared into thin air, etc.. }

Driver Doesn't Stop For 8 Blocks As Men ( two niggers ) Viciously Beat Woman On Public Bus...

Greece faces anti-austerity shutdown as EU meets...
'In depression'...

GALLUP: R 50% O 46%

Ross Perot endorses Romney...

GALLUP: WOMEN TURNING AWAY (from MO O)...
'Stunning He's ( obama) in Politics, Because He Really Doesn't Like People'...
TONIGHT'S DEBATE 'DO OR DIE' FOR OBAMA...
Questioners Face $4,492 Tax Increase Next Year...

BUCK STOPS WITH ME: HILLARY TAKES BLAME...
Pins confusion on 'fog of war'...
Hillary Clinton to Obama in 2008: 'The Buck Stops In The Oval Office'...

Dem Political Signs Scaring Away Customers in VA...

Camp O attacks GALLUP again...
Jesse Jackson Jr. Speaks: 'Not well'...
Thought he was 'reincarnated chariot driver'...

Battery maker with $249 million in taxpayer cash goes bankrupt...

CEO touted 'green jobs' in Rose Garden...

STATE DEPT: Negotiations to keep troops in Afghanistan past 2014...
FLASHBACK: Biden: 'We are leaving in 2014. Period'...

GOV'T STUDY CONFIRMS 'GAYDAR' EXISTS, 60% ACCURATE... http://albertpeia.com/governmentwaste.htm
Coburn calls Senate cohorts biggest waste in government...

GALLUP: WOMEN TURNING AWAY { A new USA TODAY/Gallup Poll of the Swing States shows Mitt Romney with a lead among likely voters as he strengthens his standing with women in the nation's top battlegrounds. }

New Threats to Riot if Obama Loses Election... [ The threats alone are a reason sufficient for backing President Romney. If left unchecked, the nigger terrorists will be even further emboldened to their already egregious criminal, terroristic ways. No man, woman, or child will be safe if the lethal black cancer grows. The 4 years of O have been complete, utter failure and no amount of wobama b***s*** and nigger intimidation can change that fact! Quite simply, niggers are inherently criminal terrorists: Examples of what people are saying include the following;

“If obama dont get re-elected & romney wins .. on life every white persons getting pistol whipped and im startin a riot.” (SOURCE)

“If Obama don’t win lets start a riot so Romney know what he’s getting himself into.” (SOURCE)

“You know you ain’t shit if you gotta “MAKE” Mafukas vote for ROMNEY ! …. Mannnn OBAMA better get back in office . Or BLACK FOLKS will riot.” (SOURCE)

“If Romney wins im goin on a rampage.” (SOURCE)

“If Mitt Romney wins the election I think its our duties as Black folks to riot and fuck shit up.” (SOURCE)

“If every action IS met with an equal and opposite reaction ..what should workers do to employers if Romney’s elected? #Riot in the streets!!” (SOURCE)

“If Romney becomes president let’s all start a riot.” (SOURCE)

“I Heard Mitt Romney , Tryna Take Away Food Stamps , If He Do .”IMA START A RIOT , IMA START A RIOT.” (SOURCE)

“If romney wins, imma start a mf’n riot! Rns.” (SOURCE) ]

[ Will The Election Results Cause Massive Riots To Erupt All Over America?
http://theeconomiccollapseblog.com http://albertpeia.com/massiveriotsinamerica.htm { Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm } ]

Farrakhan warns forces trying 'to keep America white'... { Another nigger threat! }
CHICAGOLAND: For second time, grandmother learns a grandson is shot to death...
5 dead, 25 wounded over weekend... { Just another day in niggerland! }

Catholic Bishops Slam Biden Remarks...
REPORT: GM has lost $6.5 billion overseas since bailout...

Pelosi claims she read entire 2700 page Obamacare bill... { Riiiiight! And, just as Woody Allen quipped about having read War and Peace at (Evelyn Wood?) break-neck speed-reading pace, ‘it was about Russia’, so too can incompetent flake, not-too-bright pelosi say, it was about healthcare. }

Arlen Specter dies... { I’m glad he’s dead! He was a truly corrupt kike, going all the way back to the warren (fiction) commission to the present. He’s helped cause a lot of damage to this country! }

Shot Fired Through Window at Obama Campaign Office in Denver...
Will The Election Results Cause Riots?
WIRE: Do black people support Obama because he's black? { Do bears s**t in the woods? Is the Pope Catholic? Come on! Everybody knows that’s the case; and, surprisingly, those self-destructive losers who are white et als supporters of obama, in light of obama’s demonstrated 4 years of failure, must be doing so this time around for no other reason as well. How totally tragic and pathetic at once! }
Presidency 'has not helped cause'...
VIDEO: Dems joke they'll get enough votes to win -- even a couple of days late!

CAMPAIGN FREAKOUT!
OBAMA LOCK UNDER 10 STATES
As Election Day nears, Romney crowds are surging...

Geithner defends (indefensible) O as deficit again tops $1 trillion...

China's yuan hits record high against dollar...
BIG BANK SCORES RECORD PROFIT!
Fed Money Pumped It Up...
WYNN: My Employees 'Filled With Anxieties These Days'...
'Every Business Guy I Know Is Frightened Of Barack Obama'...
Biden claims he voted AGAINST two wars he voted FOR...
REPORT: 'Fast and Furious' Whistleblower Fired in DENNY's Parking Lot...
PAPER: Feds now probing suspicious activity in Rep. Jesse Jackson Jr. finances...

UPDATE: Hezbollah drone may have been sent to monitor Israel's nuclear facility...
Shot Fired Through Window at Obama Campaign Office in Denver...
Will The Election Results Cause Massive Riots To Erupt All Over America?
http://theeconomiccollapseblog.com http://albertpeia.com/massiveriotsinamerica.htm { Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence! http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

FLORIDA: R 51% 0 44%...
Biden, Ryan at each other on everything...
TENSE...
CNN POLL: R 48% B 44%...
Chris Wallace: I've never seen a candidate as disrespectful as Biden...
Borger: Came Off As Condescending...
Hume: 'Cranky Old Man'...
Noonan: 'The old man pushed, and the kid pushed back'...
Biden Interrupted Ryan 82 Times?
RNC AD: THE LAUGHTER...
REALCLEAR MAP SHOWS SHIFT...
OOPS: 'One large state didn't report some quarterly figures'...
SURPRISE: Jobless claims plunge...
Officials don't ID mystery state...
Biden contradicts State Department on Benghazi security...
Romney meets with Rev. Billy Graham...
'I'll do all I can to help you'...
Hungarian-born billionaire buys airtime to warn against socialism...
Carlos Slim, World's Richest Man, Gets Richer Supplying 'Obamaphones' To Poor...

R 49% O 44%
CAN HE GET THEM BACK?
10-11-12: Ryan prepares to take on Biden...
70 million watched VP debate in '08...
Commission dismisses Raddatz-Obama connection...
Conflict of interest?
Obama Defends Debate Performance: 'I Was Just Too Choomed Out, Nothing to Say'...
Campaign tries to quell panic...
Dems frustrated by 'Big Bird' turn...
Unions struggle to help...
Jack Welch: I Was Right About That Strange Jobs Report...
Ohio Obama Rally Features Rap Rendition of 'Sesame Street' Theme Song...
ROMNEY: 'You have to scratch your head when president spends week talking about 'Big Bird''... { Indeed! But, don’t scratch too hard; after all, what else can he talk about? He can’t talk about his record of unequivocal failure. He can’t talk about broken campaign promises (that would take ages). And, he can’t talk about solutions to the nation’s problems … because he has none which he has proven in 4 wasted, failed years. Moreover, wobama’s absolutely clueless as to what to do to solve the nation’s substantial problems, some caused/exacerbated by his own incompetence and failure. }
Mother of Slain State Dept. Official Tired of Being Lied To and Stonewalled by Obama Administration...
Spain Downgraded to One Level Above Junk...
PAGLIA: FORGET OBAMA, I'M GOING GREEN PARTY...
REPORT: 'Most sophisticated, professionalized and successful doping program that sport has ever seen'...
Teammates turn on Armstrong...
26 testify... { So much for the atheist armstrong; what a total fraud! Kind of like that other armstrong american fraud; the late, but not great, moony armstrong! }
CEO explains memo threatening layoffs if Obama re-elected...
FEDEX to cut thousands from workforce...
FACEBOOK Fought SEC to Keep Mobile Risks Hidden Before IPO Crash...
STATE DEPT SPINS NEW TALE ON BENGHAZI ATTACK...

POLL: Romney leads in 11 swing states...
Takes lead in OH...
PA, WI, MI close...
Biden Has Not Sat for On-Camera Nation TV Interview in 5 Months...
CEO Threatens to Fire Employees If President Is Reelected, Raises Taxes...
Chain Cuts Workers' Hours over Obamacare...
Steve Wynn Slams Obama: 'I'll Be Damned If I Want To Have Him Lecture Me'...
Ohio Obama Rally Features Rap Rendition of 'Sesame Street' Theme Song...
ROMNEY: 'You have to scratch your head when president spends week talking about saving 'Big Bird''...
PANIC: Romney signs in VA defaced, stolen and smeared with excrement...
VIDEO...**WARNING: GRAPHIC LANGUAGE**

GALLUP: 5-POINT ROMNEY BOUNCE...
PEW: 18-point shift among women...
POLL: Romney leads among independents 51-35...
'Enthusiasm' gap 13-point spread for Republican...
R closes gap in Michigan...
R 49% O 47%
University of Colorado: Updated election forecasting model still points to Romney win...
PAPER: Why Obama's campaign is falling apart...
SULLIVAN: SOS OBAMA
VEGAS REVIEW JOURNAL ENDORSES ROMNEY...
Romney casts Obama's foreign policy as weak, dangerous...
MILITARY TIMES POLL: R 66% O 26%...
BOUNCE: R 49% O 47%
8-point shift for Romney in Colorado...
Romney raises $12 million in 48 hours...
OBAMA RAISES $181 MILLION IN SEPT -- JUST 2% OF DONATIONS REPORTABLE...
Super PAC Donor on Obama: 'Looks Like He Took My Million and Spent it All on Weed'...
TEAM OBAMA BLAMES JOHN KERRY FOR DEBATE LOSS...
Man Tells Obama: Business 'Terrible Since You Got Here'...
NH voter: ‘O Couldn't run a lemonade stand'...
SNOOP DOGG TWEETS 10 REASONS NOT TO VOTE FOR ROMNEY...
'He a white n****'...
'Bitch I will beat the sh** out of you'...
Police Union Warns 'War-Like' (nigger-town) Detroit Unsafe For Visitors...
Hands Out Flyers: 'ENTER AT YOUR OWN RISK'...
GAS PRICES SET RECORD IN CA

Filling stations across state run out, shut down...
'What are they doing to us?'
Obama fundraiser with Katy Perry to snarl traffic...
REPORT: Intelligence officials accuse administration of 'cover-up' in Libya...
WHITE HOUSE POINTS FINGERS...
Email Shows State Dept. Rejecting Request of Security Team at Embassy...
34 security personnel pulled in 6 months before attack...
Boy writes letter to editor after shelter kills cat...
'Grown-ups killed my kitty'... To the editor: My name is Rayden. I am 8 years old and I live in Logan. Yesterday grown-ups killed my kitty, my best friend, when they weren’t supposed to. Because I really don’t know how to write, my PaPa is writing down the things I think and say. My kitty’s name is Toothless. When I got him I had just seen “How to Train a Dragon” at the movies. My kitty looked just like the dragon Toothless with big green eyes and the hair around his head. Toothless, my cat, has long fluffy hair and sleeps on my bed and loved to play with my brother and me. Toothless would let us carry him around all the time. He was our best friend. Last week he didn’t come in at night. Sometimes he does that, but this time he didn’t come back. After two days my little brother Devin, who is 5, and I went to every house on our street and asked everyone if they had seen Toothless our cat. Everyone said no. We were worried and scared something was wrong. On Wednesday after work my dad went to the animal shelter as it was closing. They didn’t want to let him in, but they did. He asked if there was a cat with long black fluffy hair there. They let my dad in to look at the cages, and there was Toothless! He was curled up laying in the back of the cage very scared. When my dad made his funny meow sound that he does to make him come home, Toothless jumped up and came to the screen and rubbed up against it and was so happy to see my dad, and he wasn’t scared anymore. My dad wanted to take him home, but they said he had to go to another office building and pay a fee. The lady at the shelter said it would be OK and told him to come back the next day and we could get Toothless. When my dad came home and told my little brother and me he found Toothless we were so happy and we weren’t scarred or worried anymore. My dad went back the next day to get our kitty and they told him they didn’t have any long-haired black cats. They only had a white fluffy cat. My dad waited a long time for the lady to come back and talk to him. The same lady that told my dad to come back the next day said she was sorry. She had forgotten to leave a note to tell the people my dad would be there for Toothless and they had just killed my cat that morning. She had just forgotten to write a note to save a member of my family. They killed him and I don’t know why. My dad found out where he had been picked up and it was our neighbors down the street that don’t like cats and dogs. They had caught him in a trap and gave him to the police to take him away. When Devin and I knocked on their door and asked if they had seen Toothless they told us no, and that was a lie. My dad and mom tell me and Devin not to lie and that is right. I didn’t think big people lied because they are grown ups and know what is right. Now I don’t know what to do. My cat Toothless is dead; the people that killed him didn’t even give him to my dad so we could bury him. What do I do now? Rayden Sazama Logan Editor’s note: Cache Humane Society Director Brenda Smith confirmed Rayden’s story that an animal shelter worker forgot to leave a note to halt euthanization of the Sazamas cat. { The shelter/city should be sued and the employees involved should be fired for cause! }

BOUNCE IN POLLS:
R PULLS AHEAD IN VA...
R +3 IN FL...
R +3 IN OH among those 'certain' to vote...
REALLY! 7.8%
Total employment 'highest one-month jump in 29 years'...
Welch: President manipulating numbers after debate performance...
BLS economists donate to Obama campaign?
Rate Plummets to 4.3% -- For Govt Workers...
Report met with suspicion...
ROMNEY: Rate more like 11%...
OBAMA: Can't turn back now...
SEPT. EMPLOYMENT: +114,000...
Aug. number revised to +142,000 -- from +96,000...
Welch: Obama manipulating numbers after debate performance... { There are some people (and their assessments) that you might dismiss as light-weight partisans… Jack Welch is not one of them! Indeed, among the rarest breed historically of exceptional american CEO’s, Welch points to the folly of preposterously a month before elections, on paltry/pathetic jobs numbers ( election year temp/part-time for manipulating stats along with the nebulous ‘stopped looking’ fudge factor) , following a disasterous debate showing (of wobama failure and incompetence), the unemployment rate falls to just below the ‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is tantamount to the obama 100% employment fantasy where literally everyone but him has stopped looking for work and hence, not counted in compiling the unemployment rate (and then those jobs in the millions lost and gone forever on his watch - what a banana republic!). Come on, wake up!: JACK WELCH: OBAMA IS MANIPULATING THE JOBS NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS AWFUL…UNBELIEVABLE JOBS NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T DEBATE SO CHANGE NUMBERS. }

O NO: CLINT WAS RIGHT!
Leno: 'Only Person Who Didn't Tune In Was Obama'...
Campaign aides 'shell-shocked'...
Man Tells Obama: Business 'Terrible Since You Got Here'...
NH voter: 'Couldn't run a lemonade stand'...
Deficit Tops $1 Trillion for 4th Year...
California Refiners Ration Gasoline...
L.A. stations run out, close pumps...
Gas Prices Likely to Rise Through Election...

SKYFALL
RATTLED, O GOES ON ATTACK...
BUCHANAN: Romney: Best debate performance in 52 years...
John Sununu calls Obama 'lazy and detached'...
FLASHBACK: 'There's a laziness in me'... { Of course O’s lazy…niggers are lazy…that’s just the way they are…don’t blame the niggers, they were born that way! And, what about the audacity of wobama the b for b***s*** talking about specific plans by President Romney when wobama’s ‘plans’ last b***s*** campaign, from war (continued) to prosecutions of the big wall street frauds (none) to cutting the deficit (actually increased in record fashion), etc., etc. were meaningless b***s*** when measured by what he did (zero)….Just like a nigger! When are people going to awaken to the reality that obama’s just total b***s*** without the slightest clue as to how to achieve results through work/performance, and is too lazy to really care! }
Was Obama rattled by developing donor scandal story?
BIDEN: 'Yes, We Do' ...
Keept away from press...
AARP to President: Don't mention us again...
67 MILLION: RATINGS JUMP FOR DEBATE...
15 million more than '08...
Left-Wing Websites Reject Obama Ads, Say Campaign Undercutting Them By Working With GOOGLEAOL...
Harry Reid makes up quotes in another attack on Romney...
NYT: 'President Xanax'...
Lost, bewildered without teleprompter...
Gas prices in CA hit record highs...
Supply shortages shut pumps...

ROUND WON: Romney Seized Offense in Debate...
You Were Fighting For Obamacare, Not Jobs...
'The Path We’re Taking Is Not Working'...
FOURNIER: Cursed Obama Falls...
MSNBC MATTHEWS: 'What Was He Doing!'
Cutter takes swipe at Lehrer...
Carville: 'Romney came with a chainsaw'...
Andrew Sullivan: 'This was a disaster'...
UH O
Lost, bewildered without teleprompter...
CNN POLL: Romney Annihilates...
Van Jones: 'Was Able To 'Out-Obama Obama'...
LEFT TURNS ON O...
CA gas prices set to spike...
Man beaten, robbed -- inside grocery store!
Another sex scandal rocks Detroit...{ Was she the sex lackey of Detroit Blacky? …'The chief of police exceeded his professional status,' David Robinson said. }

NATIONAL JOURNAL SHOCK POLL: R 47% O 47%...
BIDEN: Middle class has been 'buried' during Obama's presidency...
New Model to Predict Unemployment Sees Rate at 8.1%...

POLL: 43% of voters certain they will vote for Romney. 42% certain they will vote for Obama. Remaining 15% either uncommitted or open to changing mind.... MORE...

POLL: Doctors choose Romney...
DENVER BRONCOS John Elway Endorses Romney...
CNN poll magically tightens as calendar turns...
PAPER: Obama will need all the luck that he can get...

RYAN: We Are Seeing Obama's Foreign Policy 'Unravel on Our TV Screens'...
'Holder must go' over Fast and Furious...

Hundreds line up for $1.84 gas in Michigan in Anti-Obama Stunt...
2012 DEBT SURPASSES 2011...
Huge tax increase looms at year-end 'fiscal cliff'...

Jobs Outlook Weak as Companies Reporting Cost Cuts...
REPORT: Recovery faster for immigrants than US-born workers...
U.S. MILITARY DEATHS IN AFGHANISTAN HIT 2,000....
AFGHAN SOLDIER KILLS 2 MORE AMERICAN TROOPS...
Biden Misstates Number Of Fallen Heroes...
Military absentee ballots going AWOL in 2012...
REPORT: 1 million Ohioans have 'Obama phones'...
RYAN WARNS: 'We need to tackle challenges before they tackle us'...
Dollar Falls Most in Year...
UNIVISION report connects 'Fast & Furious' to murders of 16 Mexican teenagers...
NETWORK FINDS 57 UNREPORTED WEAPONS...
VIDEO **WARNING -- GRAPHIC**...
RYAN: 'Holder must go'...
Jets owner: I'd rather Romney win -- than the Jets!
OCTOBER 1: OBAMA APPROVE AT 47%
POLL: O 49% R 47%...
POLL: O 49% R 47%...
Eurozone hits record high unemployment...
18.2 million jobless...
'INEVITABLE NEW RECESSION'...
One in 10 EU workers missed work for depression...
26% in UK diagnosed...
Greek youth unemployment hits 55%...

Top Five Worst Obamacare Taxes Coming in 2013...
Romney: Debates a Clear Path to Voters...
'We're going to win Pennsylvania'...
SHOCK POLL PA: O 47% R 45%...
Leno Turns: 'We Wasted Four Years Waiting For Obama To Do Something About The Economy' { Yeah, Jay! } ...
HOUSE CHAIRMAN CALLS FOR AMBASSADOR SUSAN RICE'S RESIGNATION...
JAY-Z: I'M WITH OBAMA CAUSE HE'S BLACK...
CHICAGOLAND: Black Gang Member Tells Reporter, 'There Is No Solution To The Violence; Killing Is The Solution'...
Member of 'Obama Boyz' gang charged in St. Louis shootings...
Riots Between Black, Latino Students Break Out At CA High School... { Yeah…Latinos not taking the typical s*** from the niggers! }

MITT DEBATE PLAN: CALL OUT OBAMA LIES... { The question is, do they have enough time to air all; so many lies, so little time! }
GDP revised down to 1.25%...
Durable orders drop 13.2% -- 'worst since recession'...
SANTELLI: 'Depressingly weak'...
Census: Americans' Incomes Have Fallen $3,040 During 'Recovery'...
OBAMA HAS MY VOTE, HE GAVE ME A FREE PHONE...
SEIU Paid Protesters at Romney Cleveland Rally...
'$11 an hour'...
UPDATE: 3 ( yes, 3 niggers) arrested in vicious beating on Capitol Hill (Do white/yellow/brown people for O have a death wish? After all, he/holder have protected the violent, anti-white black panthers)...

DICK MORRIS: Romney 'Pulls Ahead'...
Romney: 'Pleased With Some Polls, Less So With Others'...
Romney pays tax rate 'higher than what 97% of Americans pay'...
SURVEY: 55% Of Small-Business Owners Would Not Start Company Today, Blame Obama...
Sebelius to hit campaign trail again -- after breaking election law...
Solution To Michelle Obama's new school lunch menu: SNACK! { Riiiiight! There you go! After all, chimps literally spend all day foraging for munchable snacks in the wild. But, if you’re not a chimp of leisure as moochelle, or just not a chump and busy with other things, ‘three squares’ will just have to do as they always have! }
Post Office Prepares for Second Default in Two Months...
Romney: President Doesn't Want People To Know What Happened In Libya...
Libyan president: Anti-Islam film had 'nothing to do with' attack...
Honeymoon Over as Markets Brace for Volatile Times...

Health Premiums Up $3,000; Obama Vowed $2,500 Cut...
Ralph Nader calls president 'war criminal'...
OBAMA PROCLAIMS FIGHT AGAINST 'SLAVERY' { Desperate nigger desperados playing the familiar nigger card! Send them back to sub-saharan Africa! }
2012: MICHELLE TALKS SLAVERY, SEGREGATION...
'Back when our great-grandparents were riding that Underground Railroad'...
Madonna (the ‘black hand italian’ who stups niggers) threatens to strip naked if Obama re-elected...
Vote for the 'Black Muslim in the White House'...
COMPLAINTS MOUNT AGAINST MICHELLE O'S NEW LUNCH MENU...
'WE ARE HUNGRY'... { Such a diet is based upon her own innate proclivities and projection: ‘…Chimpanzees prefer fruit above all other food items and will even eat them when they are not abundant. It will also eat leaves and leaf buds. Seeds, blossoms, stems, pith, bark and resin make up the rest of their diet…’ }
Senators to Hillary: Show us murdered ambassador's cables...
Libya tense after death of man who caught Gadhafi...
...calls for vengeance
GOP recalls Obama's earlier victory lap...
iPhone muggings up 40% in NYC...

PAPER: Don't believe hype on US 'recovery'...
Pennsylvania Shock Poll: Obama 47% Romney 45%...
FLORIDA POLL: O 48% R 47%...
Veterans retreating from president...
DICK MORRIS: Why The Polls Understate Romney Vote...
Romney Releases 2011 Tax Returns; Paid $1.9 Million on $13.7 in Income...
...donated $4,020,772 to charity
Voluntarily paid more than required...
Harry Reid avoids prior claims...
'TIME TO SHOW YOURS, HARRY'
Zuckerman: Obama Campaign 'Divisive and Dishonest'...
POLL: Distrust in Media Hits New High...
Biden on college cheerleaders: 'The stuff they do on hard wood, it blows my (lobotomized) mind'...
WHITE HOUSE STORY ON LIBYA FALLS APART...
100 DAYS UNTIL LARGEST TAX HIKES IN HISTORY... http://albertpeia.com/taxmaggedon.htm

FIRST SERIOUS INTERVIEW: O PRESSED ON FAILURES BY UNIVISION
Romney: Obama's New Slogan 'No, I Can't'...
GALLUP: O 47% R 47%...
Median Income In OH Hits 27-Year Low...
Obama still blames video for Libya attack?
Ramos Rips Away...
'YOU DID NOT KEEP YOUR PROMISE'...
Shouldn't you 'fire' Eric Holder?
Student asks president for advice -- on how to find a job!
PAPER: 'THE OBAMA YOU DON'T KNOW'...‘…But beyond the spin and the polls, a starkly different picture emerges. It is a portrait of a man quite unlike his image, not a visionary reformer but rather a classic Chicago machine pol who thrives on rewarding himself and his friends with the spoils of public office, and who uses his position to punish his enemies. Peter Schweizer captures this other Obama with a bracing statistic in his book "Throw Them All Out," published last year. In the Obama economic stimulus program's Department of Energy loans, companies owned and run by Obama contributors and friends, like Solyndra's George Kaiser, received $16.4 billion. Those not linked to the president got only $4.1 billion. The Energy Department is far from the only federal program in which favoritism has heavily influenced federal grants. To paraphrase Tammany Hall's George Washington Plunkitt, Obama has seen his opportunities and taken them, over and over. - Mark Tapscott / Executive Editor’
Republican senators decry 'useless, worthless' Clinton briefing...
Lewinsky set to reveal Bill Clinton's sex secrets in tell-all book...
'Worst nightmare'...
OBAMACARE TAX TO HIT 6 MILLION
MOSTLY MIDDLE CLASS
RASMUSSEN SWING STATES: R 47% O 46%...

POLL CONFIRMS ROMNEY: OBAMA HAS 47%... { Yes…and the really tragically sad part of that reality for america is that it’s a strategy of theirs, making americans dependant on the government (for food, protection from bogus, self-created/induced bogey men/terror, protection from warranted prosecution as with the largest frauds on wall street, corzine et als, mf global etc.); and not just the poor; viz., ie., the frauds on wall street and their contraindicated QE entitlement along with protection from prosecution for their huge frauds, etc… }
Tax Compliance for Obamacare: 80 Million Hours...
O: 'I ACTUALLY BELIEVE IN REDISTRIBUTION'
Analyst: Fed's 'QE-Infinity' Will Push Gold Up to $2,400...
Mortgage Lending Slides to 16-Year Low...
WSJ: The Data Behind Romney's Comments...
REPORT: Median Income Worse Now Than During 'Great Recession'...
'Unprecedented' Jump in Food Stamps...
8,786,049: Yet Another Record for Americans Collecting Disability...
16 people working for each person collecting..

US credit rating downgraded -- again...
PUMPING BLAMED...
CASH FOR BANKERS: Fed risks political fallout...
Faber: If I Were Bernanke, I Would Resign... { Yeah…but you’re not ‘The Rain Man’ … he’s comfortable there … He’s not insane according to Einstein’s definition; viz., doing the same thing over and over and expecting a different result … He’s just … ‘The Rain Man’ (Doesn’t burnt out bernanke remind you somewhat of Dustin Hoffman in portraying the character of the same name/film? If only he could count like ‘The Rain Man’.) }
Gas Prices More than Double Under Obama: $1.84 to $3.85...
Kids Question Michelle: Where Will They Move When President Loses?
'FULL-BLOWN CRISIS'

ELECTION MANIPULATION: NEW PUMPING BEGINS!! { This is an especially great opportunity to sell this suckers’ market/take profits! Nothing’s been solved! Just because ‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember that ‘no recession call’ of his; and, of course, no QE before the election, prospectively, already discounted many times over by the ‘markets, such as they are, ie., algo buy programs, etc.. ). All this and now ‘whatever’ is too little and too late for the uss Titanic which has taken on too much, not water, but b***s***. This was a desperate move, bespeaking desperation.The fact is things are ominously so bad, and worse than ‘allowed’ to be seen for the moment, that something as this QE which is economically and financially contraindicated and a proven failure for all but the frauds on wall street along with their cohorts including desperate politicos, is resorted to in desperation to divert attention from their unequivocal failure. After all, though having cost so many americans their jobs with wrong calls and policies, bernanke is trying to save his own by inflating the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama rehired failure bernanke, President Romney would have fired, and will fire him … goldman sachs knew this dollar debasing failed policy QE 3 would come and at the expense of the muppets…that’s their term for all you suckers). I further believe this contraindicated largess to the frauds on wall street is to preserve his post fedship tenure job possibilities by ingratiating himself even further with those nefarious, self-serving interest groups. }

Romney Calls Obama Response: 'Disgraceful'...
Muslims Attack US Embassies...
Mobs with guns and rocket-propelled grenades...
FLASHBACK: Hillary Clinton boast on Gaddafi: 'We came, we saw, he died'...
PROTEST: $9 gallon for gas in NY and NJ...

Median income lowest since 1995...
Lower class grows...
Why did Obama use N-word to describe his grandfather?
Suspected Bank Robbers Toss Cash Out Window During Police Chase...
VIDEO... { A neighborhood nigger in response to a reporter lauded the criminal acts of the armed niggers saying they brought cash into the neighborhood where (other niggers) ‘people’ are hurting. Isn’t that among the typical rationalizations that underlie every dastardly deed perpetrated by the uncivilized niggers? The niggerized DOJ under holder/obama similarly finds ways to rationalize not prosecuting as promised; ie., biggest frauds on wall street, mfglobal/jon corzine, defense of and protection for black panthers, etc.. How can people wonder why this nation’s crumbling? }

ROMNEY: 'Forwarned' is better than 'forward''... { Sampling some of the network talking head roundtables over the weekend I was astounded how many wobamanoid apologists talked up the dismal, paltry private jobs, many part-time or low-pay, without mention of the record insurmountable $5 trillion increase in the deficit to create them for the purpose of obfuscating wobama’s blatantly failed performance as potus. Such people, either so partisan, so unschooled in the relevant disciplines, so ill-prepared for the journalistic task entrusted to them, literally have no defendable place in the field of real journalism and are an embarrassment to all that journalism purports to be. }
DICK MORRIS: Obama Thugs Rough Up GALLUP For Polls They Don't Like...

POLL: O 49% R 45%... reuters/ipsos – the socialist/communist pollsters…they have a lot at stake…look at their socialist europe and left-leaning city bases. Their polls can’t change what already is!
DEMS SOFT ON WALL STREET CRIMES...
FLASHBACK: CARTER +4 OVER REAGAN IN SEPT 1980 [+8 IN OCT]...
FLASHBACK: DUKAKIS +17 OVER BUSH AFTER DNC 1988...

DICK MORRIS: Advantage Romney...
REPORT: GOV'T MOTORS LOSES $49,000 ON EACH CHEVY VOLT...
'The Democrats' GM Fiction'...
Pentagon buys hundreds to 'green up' military...

8.1%
+96,000
368,000 DROPPED OUT
88,921,000 'NOT IN LABOR FORCE'
Milbank: Demigod falls to earth... { After four years of unbridled, unfounded, blind faith in and defense of wobama the b for b***s***, it truly makes my heart soar to see Mr. Milbank finally walk into the light! Indeed, David Bowie (Nicholas Roeg’s ‘Man Who Fell to Earth’), wobama is not; not that even David Bowie could have siphoned/drained the vote as did grifter/conman/parasite obama. Yet, it cannot be denied that nobody, no news organization, not even a government agency did their homework in vetting this complete and utter fraud called ‘barack obama’! } ‘…After a couple of nights at the Time Warner Cable Arena, the convention was to have closed with President Obama’s acceptance speech at the Bank of America Stadium, where convention officials were planning to squeeze nearly 6,000 seats onto the field to expand the stadium’s capacity beyond its usual 74,000. But the speedway event was canceled — ostensibly because of logistical problems but more likely because convention fundraising was running low. Then the Democrats canceled the stadium event in favor of the smaller arena — ostensibly because of “severe thunderstorm” concerns but more likely because they couldn’t be sure enough people would come to fill the stadium.In fact, the forecast hadn’t called for severe weather, and conditions were fine Thursday night. The change caused thousands to be turned away, and the crush of crowds at the arena led authorities at one point to lock down the building for a second straight night – leaving some delegates on the street while lobbyists enjoyed the proceedings inside…’
CLINT SPEAKS: Obama 'greatest hoax ever perpetrated on American people'... { I think Clint is too kind in euphemistically referring to and characterizing wobama as merely a hoax as opposed to the indisputable fraud, grifter, conman that obama most certainly is! }

White House to miss deadline for report on 'fiscal cliff' budget cuts...

O: I'M NOT DONE YET { He’s done! }

NOONAN: 'Stale and empty... he is out of juice'...
OBAMA HAMMERED IN FIRST REVIEWS...
FROM THE LEFT: TOMASKY: Pedestrian and Overconfident...
FROM THE RIGHT: KRAUTHAMMER: 'One Of The Emptiest I Have Ever Heard'...
AP: Obama and the phantom peace dividend...

'VOTE BLACK'/‘VOTE NIGGER’ BUTTONS HIT CONVENTION HALL...

Bob Woodward book leaks... Developing...
Debt Deal Collapse Led to 'Pure Fury' From Obama...
Explosive mix of dysfunction, miscommunication, and misunderstandings...
Pelosi 'reached over and pressed mute button on her phone' as Obama talked... MORE

WOODWARD: White House so stunned by 2010 GOP triumph, it didn't even have Boehner's phone number...

Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }

Poll: R 48% O 44%

RASMUSSEN: ROMNEY 47% OBAMA 44%...
GALLUP: ROMNEY 47% OBAMA 46%...

Dem Gov.: We're Not Better Off Now...

GALLUP: Obama Job Approval Drops to 43%...
PROTESTERS VOW BIGGER CROWDS IN CHARLOTTE...
'Occupy' encampment re-opens near Dem convention...
DNC security rules trigger free speech worries...

KING: Obama presidency has been time of deep Dem decline...
Frustrated union leader throws empty chair...

RECORD-HIGH LABOR DAY GAS PRICES GREET DEMS IN CHARLOTTE...

RYAN: President 'running campaign based on envy and division'...

GOP launches 'Obama Isn't Working' message...

SUNDAY: Dem Gov. -- We're Not Better Off Now...
MONDAY: 'We're Clearly Better Off'...

BIDEN: 'If It Weren't So Hot I'd Go Into Detail'...

Debt to hit $16 trillion just as party gavel in convention...
Dems to bus in black church members from SC...
ID required to attend...

'GODFATHER' TO CUT DNC TRIP SHORT...
Chicago schools brace for strike...

'GOD' LEFT OUT

Dems Drop 'God' From Party Platform...
REUTERS PHOTO DEPICTS HARRY IN HELLFIRE...
Endorse taxpayer-funded abortions...
DNC Video: 'The Government Is The Only Thing We All Belong To'...

ABCNEWSWASHPOST POLL: Obama personal popularity fading...
Women Turning...

DEBT TOPS $16T...
$136,249 Per Household...

FOOD STAMP USE CLIMBS TO RECORD 46.7 MILLION...

Key SOLYNDRA figure 'ran for exit' after seeing ABCNEWS cameras on DNC floor...

UPDATE: Obama gives himself an 'incomplete' grade...
POLL: Just 40% say he deserves second term...

POLL: Less Than Half of Army Officers in Afghanistan Report High Morale...

Panicking Spaniards Pull Out Cash, Leave Country...
Depression, Suicides Rise as Euro Debt Crisis Intensifies...
MOODY'S Changes Rating Outlook to 'Negative'...

COPS: Mother Forces 10-Year-Old Boy To Rob House... { Shafique (black) and her son ran away but Lynnwood police arrested her. They found a stolen laptop and crack cocaine. }

Gasoline To Hit Labor Day Record Price...
University of Virginia Declines Obama Campaign Request...
EX-NFL GREAT TO BLACKS: SAY NO TO OBAMA...
70% of Obama's 19 million TWITTER followers fake...
CHICAGOLAND: 13 shot in 30-minute span...
FLASHBACK: Obama -- 'Chicago Is Example of What Makes This Country Great' { Wow! Talk about choom fantasy… unless you’re a fan of…Al Capone! } ...
FOXNEWS POLL: Romney Pulls Into Lead...
Republicans eye return to gold standard...
Romney Reiterates He Would Replace Bernanke...
Analysis: Incomes Fall More Under Obama...
Big Loss for Those Near Retirement...
USA $20 trillion in debt by 2016...

FABER: Odds of Global Recession Are 100%...

GALLUP: Romney edges Obama...

'RUDE' BUT TRUTHFUL PICTURE OF TELEPROMPTER OBSCURING OBAMA’S FACE FROM REUTERS PHOTO RAISES EYEBROWS...

Texas Judge Preparing For 'Civil War' If Obama Re-Elected...

ROMNEY: President 'Has Tried To Substitute Government For Free People'...

PAPER: THE LEFT HAS BEEN TOO KIND TO OBAMA...

Postal Worker's Vacation Halts Mail In Jersey City, NJ...

TINA FROWN! { Newsweek on wobama’s failed presidency – Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }
GALLUP: ROMNEY 47% OBAMA 45%
ROMNEY: Time to Audit the Fed...

GAS PRICES SET RECORD...
Poll: Not better off now than in 2008...

SHOCK POLL: Romney beats Obama in Chicago suburbs...
SPIKE IN ARMED ROBBERIES, SAVAGE BEATINGS ON CAPITOL HILL...
Crime jumps 64%...
NOONAN: If Biden Were Republican, Topic Would Be 'How Stupid Is This Person?' { Well, in fairness, a distinction is carved out for Lobotomy Joe who really did have part of his brain surgically removed! } FACEBOOK FALLS TO HALF OF PUBLIC OFFERING PRICE...
No Horses, But Detroit Water Department Employs 'Horseshoer'...
BOOK: Obamacare designed to unionize 21 million health care workers...
Increases costs of hip, knee replacements...
O STICKING WITH LOBOTOMY JOE!

MSNBC Host: Romney Engaging In 'Niggerization' Of Obama { Well, if the shoe fits…and the shoe fits only too well for jive-talking, b***s***, grifter/fraud wobama, who has actually accorded protection to the black panthers who have threatened whites as matched with dasterdly deeds of violence by blacks against all other races! MSNBC said it, and truth be told, it doesn’t take much to see it in light of the fact that wobama’s just a typical jive-talking, incompetent, b***s*** nigger! }...

ROMNEY, RYAN PREPARE FOR ASSAULT ON OBAMA'S SPENDING...
U.S. Foreign Debt Hits Another Record...

Democrats' nerves start to show...
VA BAKER SAYS NO TO BIDEN STOP...
Secret Service buys cupcakes as thanks...
Customers flock in...
'OBAMA CAN KISS OUR A**'...

HOW LOW WILL IT GO? FACEBOOK STOCK PLUNGES...
Has lost half of value...

JULY DEADLIEST MONTH OF 2012 FOR TROOPS...
ARMY SUICIDES SET RECORD...
FBI: Federal court clerk sold secret info to L.A. gangsters...

New Jersey unemployment rate at 9.8%, highest since 1977...

REPORT: GM's European failure will prompt second Obama bailout...

CHICAGOLAND: City Worker Caught Stealing 500 Feet Of Copper -- Off Midway Airport Runway!

Ecuador grants WIKILEAKS founder asylum...
40 police surround embassy...
U.S. denies pushing arrest...

Obama defends Biden on 'chains' comment...

HE DID IT AGAIN: LIVING IN WRONG CENTURY!
REPORT: Obama has 22 days to drop Biden from ticket...
VIDEO: Biden Refers to Ryan as 'Governor'...
Now Social Security Administration To Purchase 174 Thousand Rounds Of Bullets!

Hypersonic aircraft crashes seconds into military test flight...

Thousands of Federal Retirees Get Six-Figure Pensions...

CHICAGOLAND: 50,000 line up for Obama amnesty program...
Labor Dept. Attempts to Stop Layoffs by Giving $100 Million to States, Subsidize Payrolls...

VIDEO: Biden Imitates Sign Language Lady… [ I’m quite serious when I say lobotomy joe biden had part of his brain removed… he literally had part of his brain surgically removed…his nonsensical outbursts are symptomatic of lobotomies generally…] ...
Wonderment Whether Biden Has 'Mental Capacity' for Presidency...
VP says 'We can win North Carolina' -- while campaigning in Virginia...

New Black Panthers to RNC: Our 'Feet Will Be On Your Motherf***ing Necks'{ Listen to these uncivilized, dumb niggers! This is typical nigger talk and predisposition to criminal action/violence! How can whites et als self-destructively embrace the niggers? Niggers are beasts of burden and burdens wherever they are. There are few physical tasks they do well and even fewer of said available tasks relative to their populations to make a difference. They are a near complete washout in non-physical tasks, are too costly and are bad workers, unproductive generally to employ and not worth the enormous cost and trouble. The very scant few exceptions are statistically insignificant. Niggers belong in jails where they can commit no crimes in general society; plus there’s the savings thereby on their invariably wasted welfare, programs in addition to their predisposed crimes on the outside…It is far cheaper to jail them which is best for civilized society (look at their off the charts crime rates, and that’s only those that are caught! They’ve literally destroyed cities as is so wherever they are in concentrated numbers. These are indisputable facts/truths that civilized societies/governments can no longer afford to deny.) } ...

REPORT: Ill. state workers forced to attend Pelosi, Jesse Jackson Jr. event on taxpayer dime...
Buchanan: 'Obama has steadily diminished both himself and the office he holds'...
Campaign admits knowing story behind flawed PAC attack ad...

UPDATE: Postal Service Posts Big Loss as Cash Runs Low...
UPDATE: Jesse Jackson Jr. being treated for bipolar disorder... { Mayo Clinic: Jackson has bipolar depression }
SPIRITS SPEAK TO PELOSI ( Riiiiight! And they keep telling her… ‘bankrupt america…bankrupt america…bankrupt america’….she believes them, tries her best to comply, and follows their advice! Meanwhile, by way of séance, hillary getting the message…’more world strife…more world strife…more world strife…’ and she’s complying! Not to be left out of democratic party stratagems, wobama’s been seen sticking pins into a doll that bears an uncanny resemblance to President Romney… If only they had a real strategy and knew what they were doing! ) ...
Over 100M in America on Federal Welfare...

Gingrich Warns: Obama 'direct threat' to my grandchildren's future...

BOOK: Blago claimed $25,000 channeled to Obama...

Miami Cannibal Victim's First Interview: 'He Just Ripped Me To Ribbons. He Chewed Up My Face. He Plucked Out My Eyes'...

WHO NEEDS CONGRESS? (Not wobama the dictator!) Obama Considering Executive-Branch Action on 'Internet Security'...

Nearly half of long-term U.S. immigrants are on welfare...

$5.2b in fraudulent tax refunds to immigrants...

OBAMA (who plays his 104^th round of golf as potus) POPULARITY SOARS -- IN NIGGERTOWN DC!

Plays 104th round of golf (as nation flounders)...
HARRY REID HELPS CHINESE SOLAR FIRM REPRESENTED -- BY HIS SON!
PAPER: It's time to fight back against Dirty Harry...
Wife: Rep. Jesse Jackson Jr. getting treatment but 'still very depressed'...
Ethics investigation continues...

BIASED MEDIA BASH: 86% of Romney coverage NEGATIVE... { Friday Humor: (obama last campaign) "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Wow! The only explanation might be they’ve been duped by wobama along with the rest of the nation and are too embarrassed for not doing their reasonably expected due diligence on grifter obama and just won’t own up to the reality of the fraud called wobama! Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … ) Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm [ the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’] }

Boehner: Obama has 'never even had a real job, for God's sake'...
O BRINGS BACK TELEPROMPTER...
REPORT: Warnings ignored in Solyndra loan...
STOCK IMPLOSION HITS CA TAX REVENUES...

San Bernardino files for bankruptcy...
Vacant Detroit becomes dumping ground for the dead...

House urges Obama to fight UN web regulation...

Union leader strives to ease president's 'white guy problem'(insanely seeks a place in the blackpeoples’ pot-they ‘love’ that white meat)...

COPS: Teen Stabs Man 22 Times After Online Xbox Chat Turns Sour...

REPORT: White House scrambles to prevent defense cut pinkslips before election...
Chicago: 'The Deadliest Global City'...
POLL: ROMNEY PULLS TO 5 POINT LEAD...
Court Finds Obama Appointees Interfered with New Black Panther Prosecution...
UPDATE: Jesse Jackson Jr. at Mayo Clinic for depression...
REPORT: Obama's 'You didn't build that' gaffe won't bring back teleprompter...
Gorilla in zoo hangs himself...
CAMPAIGN RATTLED...
Barack Obama Sr: 'Nothing Stopping Gov't From Taxing 100% Of Income'...

POLL: Less than half of voters think president is Christian...

ROMNEY MOVES INTO LEAD AT GALLUP, RASMUSSEN...
USATODAYGALLUP POLL: Romney preferred over Obama to handle economy...

It's Official: 5 Straight Years of $1 Trillion Deficits!

OBAMA CAMPAIGN RUNS DEFICIT IN JUNE...
Spent $2.6 million -- on polling?
Paid $93k for Half-Empty Stadium Kick-Off Event...

US poverty on track to rise to highest since 1960s...

CHICAGOLAND COPS: Teens kill man in 'knock 'em down' game...

Former SEAL Team Six Commander Launches Anti-Obama Offensive...

'IT'S A FAKE'...
Sheriff Joe's Obama probe finds 'national security threat'...
Calls Congress to move on eligibility...
VIDEO: 'Every document surrounding Obama plagued with problems'...

NEXT: Compton, CA, may declare bankruptcy...
3-Year-Old Mugged in NYC...
3-year-old boy mugged -- while sitting in stroller!
Thieves Stripping Air Conditioning Units For Freon To Get High...
HORROR: Naked, Blood-Soaked Man Breaks Into 2 Homes, Kills Elderly Woman... { http://albertpeia.com/anothertypicalblack.htm Do americans feel they deserve such a fate at the hands of the uncivilized wobama blacks }
COPS: Woman Kept Friend's Corpse In Armchair For 18 Months, Watched NASCAR With It...
'He Was Only Guy Who Was Ever Nice To Me'...

FLASH: Rep. Jesse Jackson Jr. 'in Rehab'...
'Persistent sleep disorder'...
Has Been Under investigation by House Ethics Committee...
NYT: His Father's Son...
Chicago police sergeant: 'Tribal warfare' on streets...
Comparable to Iraq, Afghanistan...
WAR DRUMS: USA moving dozens of underwater craft to Persian Gulf...
TOURISM PLEA TO GODFATHER: Violent crime wave must be defused...
Algorithms now 'writing' articles for newspapers and websites...
SALES TAX IN SPAIN JUMPS TO 21% { That’ll work! }
Jon Voight defends Brad Pitt's mom after death threats for anti-Obama letter...
UPDATE: Closure of Border Patrol stations across 4 states triggers alarm...
REPORT: People losing homes for as little as $400 in back taxes...
NAACP Requires Photo ID to See Holder Speak in State Being Sued Over Voter ID (they’re such b***s***/hypocrites)?
GODFATHER UNDER FIRE AS MURDER RATE SOARS...
Chicago Mayor Appeals to Gangsters' 'Values'...
'Don't touch the children'...
RADIO STATION REPORTS REP. JESSE JACKSON, JR 'ATTEMPTED SUICIDE'...
Questions mount...
NAACP goes wild for Eric Holder...
'O: This Will Be My Last Political Campaign No Matter What'...
GALLUP: APPROVE SLIPS TO 44%...
POLL: US CHANGED FOR THE WORSE UNDER OBAMA ...
Boehner: Voters Need Not 'Love' Romney...
Man Who Introduced Obama At Rally Owes $500,000 To Former Employer...
'We sort of ran out of money'...
Obama campaign threatens donors: 'We could lose if this continues'...
Obama uses 'I' and 'me' 117 times in speech...
'Delirious' Blood-Covered Naked Man Selling Candy Kills Motel Worker In Violent Rampage...
Man holds knife to 3-year-old's face, threatened to cut out tongue...
Kudlow: Obama’s Goose Is Cooked...
Obama's Social Security Number challenged...
'American story' faces fresh scrutiny... { ‘By some counts, The Story presents more than three-dozen instances of material discrepancy where Dreams fails to align with the facts as Maraniss reports them. Case in point: Maraniss confirmed that Mr. Obama's mother, Ann Dunham, left his father, Barack Obama, Sr., a volatile bigamist, and not the other way around, as related in Dreams. Dreams also related the tale of Obama's paternal grandfather, Hussein Onyango, who was said to have been detained and tortured in a prison outside Nairobi for six months because of his brave defiance of British colonialists. But after a half-dozen interviews and other research, Maraniss deemed the tale "unlikely." Read more: http://www.foxnews.com/politics/2012/07/04/obama-american-story-faces-fresh-scrutiny/#ixzz1zmwWPuJ5 ‘ }

Ann Romney says woman being eyed for ticket...
Obama's whole campaign strategy is 'let's kill this guy' ( That’s no exaggeration, the predisposition of blacks toward whites; and, wobama can’t run on his record of failure in which he’s lied and failed! ) ...
POLL: In 15 swing states, Romney leads Obama 51% to 43%...
Romney accuses Obama of 'vicious lies' on BAIN CAPITAL...

'THE LAW I PASSED IS HERE TO STAY' { Wobama must be back on his choom pipe fantisizin’ again! }

LAND OF THE FREE: San Diego man stranded after told on 'no-fly' list...
Midwest ranchers, lawmakers protest drone flyovers...
TWITTER shares info on gov't demands for user data...
ACLU Launches Smartphone App To Secretly Record Police Stops...
'Homeland Security' Report Lists 'Liberty Lovers' As Terrorists...
Cannibal Updates: Boy bitten on neck by man in 'vampire' attack...
VIDEO: Man high on synthetic 'spice' goes on naked 'ninja' rampage...
'ZOMBIE CANNIBAL': 'I'm a eat you'...

SCORN ON THE 4TH OF JULY: Chris Rock Mocks 'Happy White Peoples Independence Day'...

TOP BLACK CHURCH BACKS HOLDER, BLASTS HOUSE...

Severed head thought to belong to Canadian cannibal's butchered lover found in park...
Pregnant woman bites off boyfriend's fingertip...

RECORD NUMBERS OF AMERICANS ON DISABILITY

NOW Mammoth Lakes files for bankruptcy!

Rep. Allen West: Obama Wants Americans To 'Be His Slave'...

4 EMAILS IN A DAY? Obama begs donors for more as Romney rakes it in...
SHOCK: Justice Dept. will not prosecute Holder for contempt of Congress... [ Justice Department shields Holder from prosecution after contempt vote FoxNews.com | The Justice Department moved Friday to shield Attorney General Eric Holder from prosecution after the House voted to hold him in contempt of Congress. DOJ Says It Won't Prosecute DOJ Head Holder How should we say this: we are shocked, shocked, that the DOJ won't prosecute itself. BREAKING: DOJ says it won't prosecute Attorney General Holder after the GOP-led House voted to hold him in criminal contempt of Congress – Fox see also, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm House could arrest Holder with inherent contempt power The Washington Times | The thought is shocking, and conjures up a Hollywood-ready standoff scene between House police and the FBI agents. { Eh, what the heck…you can let that go…they’re hoodied blacks, not white like Nixon, etc…; and, be sure to hold on to your wallets, purses everyone ‘cause there’s black folk in the capital! } ]

CHICAGOLAND: 7-Year-Old Girl Gunned Down While Selling Lemonade Outside Home...
MCCONNELL: 'Sold to American people on a deception'...
CURL: Gift to Romney... { This may seem somewhat counterintuitive and a bit of a rationalization; but, it is absolutely true. So true in fact, that wobama will come to be compared to Pyrrhus of Ephyrus (W. Greece) since realization of what this legislation won’t do for americans and the economy and what it actually does will not have the galvanizing effect that striking the bill down would have had on voters who were thinking ‘another free lunch from the government’ will save them (we all now know better, no such thing). Yes, in somewhat European tradition, defacto bankrupt america is keeping up with the (ie., rating agencies Egan) Joneses. After all, we all know how well this European program model is working out for Europe (and any other nation that’s tried it). In the final analysis, this and such programs as the contraindicated bailouts for the unprosecuted frauds on wall street, etc., will prove to be the ‘camel-back breaking’ moment for america; and, a pyrrhic victory for the egregiously failed president wobama. America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … }

HISTORIC: HOUSE VOTES HOLDER IN CONTEMPT...
DEM HOODIED BLACKS PLUS WALK OFF FLOOR...
Pelosi botches name of slain border agent...

Adult Chimpanzee Fatally Mauls Baby Chimp at LA Zoo...

ZIMMERMAN PASSED POLICE LIE DETECTOR...
REPORT...
Syringes litter NYC beach...

ZOMBIE: Man who took synthetic drug strangles dog, starts eating it...

POLL: Obama drops 8 points with whites...
... 13-point plunge among young voters

Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... { Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against sending the DREAM Act to the Senate floor for full consideration. The bill would have created a path to citizenship for many young illegal immigrants brought to the United States as children. Last week, Obama announced plans to stop deporting illegal immigrants who would have qualified for the DREAM Act. The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama desperation hail mary’ that once again falls short. Indeed, as an investor, one analyzes earnings, projects prospective earnings over a 3-5 year horizon, and the quality of the earnings along macro economic factors which are affected by ‘political considerations’. Does anyone remember the honorable Ross Perot who warned of NAFTA’s effect on american jobs even as the democrat administration et als were hell-bent on passing same? Should Romney have breached his legal duty to shareholders and invested in companies with poor earnings prospects? After all, in the financial / security analysis step of projecting the income statement, prospective labor costs figure prominently in the bottomline. In sum, Romney took conditions as he found them, and made the prudent choices which as per his legal duty were optimal for those who put their trust in him. For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. }
Will accept your birthday or anniversary gifts, too...

VIDEO: Obama Trips At Campaign Event In Tampa...

ZOMBIE: Naked man bites off chunk of arm...

PAPER: Obama's grandfather tortured by the British? A fantasy (like most of the President's own memoir)... { http://albertpeia.com/wobamaschoomgangfantasy.htm }

JAILHOUSE CALLS: Zimmerman told wife to buy bulletproof vest...
WAR ZONE: 7 Killed, Dozens Wounded During Obama Visit to Chicago...
More killed this year than in Afghanistan...
Bill Maher: 'The Problem With Racism Is Matt Drudge'... { Oh riiiiight! Drudge is the racist for reporting facts/reality concerning black on every color crime along with black threats. What can you expect from maher who is an null sum embarrassment/disgrace who like the italian scallion had married (and I believe is now divorced from) a black (he like booby deniro need rationalization)? } Here’s some reality for maher who doesn’t mahter:

U.S. Cannibal Updates: Doctors release first photos of Miami cannibal victim...
**WARNING: Extremely graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:

'Zombie Bullets' In High Demand Following Cannibal Attacks...
COPS: Attacker bit off large chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat Cop...
'Growled, opened and closed his jaw'...
Woman bites wig shop owner’s bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby who unlike hoodie trayvon martin killed in self-defense (from niggers) was not a thief and was totally innocent? The tragic outcomes for ignoring the threat of the uncivilized niggers! }

http://albertpeia.com/blackonbrowncrime.htm

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

CANNIBAL UPDATES: CRUISED MIAMI IN 2010?

COPS: Canadian cannibal on run in France -- dressed as woman...

CANNIBAL CAPTURED IN BERLIN...
Arrested at Internet cafe -- looking up stories on himself!
Shady, Master of Disguise...

{ U.S. Cannibal Update }: Maryland cannibal ranted on FACEBOOK...

Ming Qu and Ying Wu Murder Case: Two arrested in the killings of ... (CBS) LOS ANGELES - Los Angeles police Friday announced the arrests of two suspects in connection with the shooting deaths of two Chinese graduate students who attended the University of Southern California, reports CBS Los Angeles. [ { Yup! Typical lawless, uncivilized niggers! The following comment to the article sums it up: ‘Three blacks shooting two Chinese students. Where is the public outcry and protests? Where are all of those that were screaming injustice when Trayvon Martin was shot?’ }

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]

FUGITIVE CANNIBAL WARNED: I CAN'T STOP KILLING...
Scary digital trail...
Gay White Porn Star Wanted by Interpol...

CANNIBAL STRIKES IN MARYLAND... { Yes, another black cannibal; with ties to wobama’s home country of Kenya, Sub-Saharan Africa. }
SHOCK DETAILS...

South Beach Cannibal 'Put Under Voodoo Curse'... {Riiiiight! That voodoo thing made him do it! Oh yeah, that and the evil white man’s bathing salts also the culprit!}
VIDEO SHOWS BIKES RIDING PAST SOUTH BEACH CANNIBAL ATTACK!
MORE GRISLY DETAILS...
'BATH SALTS' TRIGGERED SOUTH BEACH CANNIBAL { Riiiight! Fine young black cannibal, driven cannabalistic by bath salts made by those evil white overlords! How 'bout the inherent cannabilistic trait as manifested here; the recurring theme of ‘Roots’, they’ll choose white meat over dark meat every time! http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

Flash Mob of 40 Kids Storm 7-ELEVEN over Free Slurpee Promotion, Beat Manager, Raid Shelves...

REPORT: Woman viciously beaten at MCDONALD'S drive-thru...
'This is for you, you white b***ch! This is a grape soda!' { The description of the suspects - two black women and one black man - is vague. The best clue police have to go on right now is they were driving a light-blue Cadillac with temporary tags. }

HORROR: Mob of 20 'hooded blacks' storm UK pub, drag man out, stab him to death...
Half of Florida high school students fail reading test...
COPS: 19-year-old white student beaten by two separate black gangs...

Dershowitz: Zimmerman acted in self-defense. so drop murder charge...
Evidence Backs Up George Zimmerman's Version of Shooting...
Witness Told Cops: Trayvon Straddling And Punching 'MMA Style'...

New evidence in Trayvon Martin case raises more questions
Trayvon Martin's autopsy shows he had marijuana in his system the night he was killed by neighborhood watch volunteer George Zimmerman, and a gunshot to his chest came from close range, according to nearly 200 pages of previously undisclosed documents released Thursday.

ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose, Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving nigger was enraged by his being thwarted in his scope-out/plundering of Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his true story, Zimmerman was fighting for his life and ultimately saved the citizens of Florida from the future costs of the burgeoning violent, thieving typical nigger-criminal trayvon martin.}
Previous: Holder sues Florida city, says firefight test racist [ Yeah, of course, because dumb niggers can’t read, ‘rite, or do ‘rithmetic! They’re always too busy donning their little hoodies and scopin’ out neighborhoods for their pillaging, plundering, and terrorizing! ]...
Black mob beats white man unconscious on his front porch...
'Now that's justice for Trayvon' (they shout in crazed nigger fashion)...
DERSHOWITZ BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT STUPID'... [ Indeed! And, make no mistake, I never would have thought I’d be agreeing with Alan Dershowitz on anything: http://albertpeia.com/trayvonnewtawana.htm ]

BANG, BANG ‘…His surprising testimony came the same day that ABC News exclusively obtained a photograph showing the bloodied back of Zimmerman's head, which was apparently taken three minutes after he shot and killed Martin. The photo could give credence to Zimmerman's claim that Martin had bashed his head against the concrete as Zimmerman fought for his life…’

COPS: Suspect angry over Trayvon Martin death beats up white man...

Obama as a Boy Ate Dog Meat [ And, you can bet there’s canabalism in his line; his father being an african ape nigger and his mother a flaky whore; you know, that typical type that schtooped niggers back in the day! ]...
Obama campaign tries to diversify...
...looking to hire more African-Americans [ More dead-weight, contentious, unproductive make-shift, make-work, costly welfare job niggers … just what the nation, strike that, wobama campaign needs.]
Farrakhan Warns Whites: 'Unless You Change, Your End Has Come'… [ They call this a self-destructive manifestation of the Oedipal Effect: Goodbye niggers, aka unevolved apes/chimps/monkeys – Your end’s already here! Your jigs are up, and you boos are down! Everyone’s onto your nigger jive! Look in the mirror! If only you could change / evolve faster! ] ...
HOLDER PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...

'SECOND DEGREE MURDER'...
'We do not prosecute by public pressure or by petition'[B***S***!]...Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The reality is, if that were the criterion and rule, given the overwhelming prevalence of black violence, particularly black on white violence, there’d be a lot of dead niggers. Niggers are a scourge wherever they are; a black plague, if you will. The reality is that in this nation, having been overrun by niggers, americans have become the new age dinosaurs. As for tyson, the ugly little monkey that no one wanted, now full-grown angry ape, his IQ is well below the average 100. Ape tyson is just a disgrace, period. He’s a typical ignorant, violent ape/nigger. Life with ape tyson, also a convicted rapist, was described by his then (soon to be former) wife, Robin Givens, in a live televised interview with him present (you can only imagine the unsaid) as ‘hell’. He’s mentally deranged (too many head shots?), but he does profess typical nigger sentiment. (Mike Tyson vs. Robin Givens: … biggest fight | Ebony ... Eight months after Mike Tyson and Robin Givens were married on Feb. ... beatings -- she filed for divorce)

Panthers Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:
April 11th, 2012 at 9:51 pm 11 percent of population and they always have thier hands out begging for more.No matter how much you give them its never enough.Filthy animals is all they are. (Absolutely correct!)
Dandroid Reply:
April 11th, 2012 at 5:47 pm
Show trial to keep the peace? Cities will burn if hes found not guilty!
Startover Reply:
April 12th, 2012 at 12:04 am
Let the cities burn, send the Army in to finish them off
George Zimmerman is totally innocent
Trayvon is a punk ass killer (also a known thief and would be in futuro typical nigger criminal)
There is only one victim in this case and that is Zimmerman
Eduard Reply:
April 11th, 2012 at 7:28 pm
Precisely!! That was my thought. This press release sounded more like a minor league actress thanking everyone at a Grammy Award for her success. Then again, I can’t emphasize enough how despicable the “lawyer” field really is. There is no shame in it. The profession is a giant conflict of interest. Moreover, the rules of lawyer ethics always being pulpitted is nothing more than consumable fodder for the gullible. Ethics and lawyers? Laughable isn’t it? That’s like Lucifer passing out copies of the decalogue. This whole twist to the “mestizo-reported-as-a-white man” Zimmerman case has notched into a renewed effort of politicalization for formenting a racial war. …’ ]
Heroin dealer uses welfare EBT card to post bail [ Yes, he’s a nigger; with unreported cash drug income that gives him welfare as well! ] ...
New Black Panther Party chief of staff apologizes after radio outburst...
'The things that's about to happen, to these honkeys, these crackers, these pigs'...
Black residents fearful after shootings in Tulsa… [ Now they know how the ‘white folk’ feel, everywhere, every day, and the black on white violent crime stats overwhelmingly prove the reality and legitimacy of that concern! Civilized people everywhere are tired of the typical nigger b***s***! ]...
RACE WARS: ZIMMERMAN BREAKS SILENCE...
Family challenges Holder on New Black Panthers...
Hacked roadsign reads: 'Trayvon a n*****'...
CNN says 'f****** n*****' on air...
Anchor: 'N*****' Should Replace 'N-word' in News Reports...

Government Surveillance Crackdown On Internet Goes Into Overdrive...
Congressman fears Obama power grab in 'emergency'...
Fidel Castro mocks Obama over 'guayabera' diplomacy...

Rev. Wright Unleashed: 'White Supremacy' Drives 'World Policy'...
Clarence Thomas Worshipping 'Some Other God'...

REPORT: 'Stunning lack of diversity' in Obama's re-election campaign [ I’d say this is more embarrassing for the self-destructive whites who are for obama; after all, who would be foolish enough to hire the typically uncivilized, problematic, violence / crime prone, etc., blacks? ] ... { to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). }
$1 million pizza party in Detroit -- on sterling silver plates!
WHouse basketballs emblazoned with Obama's image...
HOODIE ON THE HILL...
VIDEO: Dem Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members, keep your purses close when ‘bobby bobby r’ is near; the temptation might prove to be too much for his inner rap nigger soul man. ]
Ex-Black Panther...
Another Says Trayvon 'Hunted Down Like Dog' [Well, if the shoe fits … but, actually, niggers are more like apes, monkeys that only evolved to a point… and some dog-lovers might be offended by comparing niggers to dogs. ]...
Pentagon unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those black niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]

Black Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who do these filthy niggers think they are? ] Take a look at this nigger who kills a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of Florida teen not a racist, lawyer says...
SECRET WITNESS: Self-defense... [Witness: Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different picture than we've seen so far of what happened the night 17-year-old Trayvon Martin was shot and killed.The night of that shooting, police say there was a witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to that witness.What Sanford Police investigators have in the folder, they put together on the killing of Trayvon Martin few know about.The file now sits in the hands of the state attorney. Now that file is just weeks away from being opened to a grand jury.It shows more now about why police believed that night that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told dispatchers he was following a teen. The dispatcher told Zimmerman not to.And from that moment to the shooting, details are few.But one man's testimony could be key for the police."The guy on the bottom who had a red sweater on was yelling to me: 'help, help…and I told him to stop and I was calling 911," he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only wanted to be identified as "John," and didn't not want to be shown on camera.His statements to police were instrumental, because police backed up Zimmerman's claims, saying those screams on the 911 call are those of Zimmerman."When I got upstairs and looked down, the guy who was on top beating up the other guy, was the one laying in the grass, and I believe he was dead at that point," John said.Zimmerman says the shooting was self defense. According to information released on the Sanford city website, Zimmerman said he was going back to his SUV when he was attacked by the teen.Sanford police say Zimmerman was bloody in his face and head, and the back of his shirt was wet and had grass stains, indicating a struggle took place before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun
Hoodie-Wearing niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night  ]
'There were young men scattered everywhere'... [ http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]

Buchanan: It's all about race now...
NAACP condemns nigger apeman sharpton's call for escalation in civil disobedience...
Talkradio host calls for arrest and removal from MSNBC...
Detroit Preacher: 'Isn't The Mood In This Nation That White People Are Better Than Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished truth! And, not just whites; viz., Asians, Hispanics, real American Indians, etc., and most feral beasts except dogs are better than blacks who are at best their equals, though some dog owners/lovers may dispute that. Niggers are a scourge on civilized society wherever they are. Just look around, worldwide, wherever they are, in concentrations particularly; it’s the same nigger story. That’s the way they are. That’s what they are. They are a blight on any neighborhood. They are a blight on any society and an insurmountable burden. They bring any society down. Some will argue, how ‘bout sports?, to which one may reply, ie., just because you go to horse races, doesn’t mean you want to live with horses, or, just because you have monkeys in zoos doesn’t mean you want to live with them, etc., much less cede control and affect over society to them. ] '

PARENTS OF MURDERED WHITE STUDENTS SLAM OBAMA FOR SILENCE [ Well, they’re just white folk, not niggers like obama et als. Moreover, there would be no end to the limitless requests as ‘black on white violent crime’ is at epidemic levels and by far exceeds the miniscule proportions of white on black crime. http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
George Zimmerman's father speaks for first time...
Says Trayvon threatened to kill his son...
'You're going to die tonight'...
ABCNEWS: Police video shows no blood...
Large gash on back of head?
POLICE REPORT: Bleeding from nose, head...
Network names 13-year-old witness...
'Plzz shoot da #mf dat lied 2 u!'
@KILLZIMMERMAN TWITTER feed...
First lady hits Vegas with daughters...
FLASHBACK: Obama: 'You can't go take a trip to Vegas on taxpayer's dime'...
10-car motorcade at Mount Rushmore; tourist access restricted during visit...
[ The niggers are forever so ‘in your face’ with their hypocrisy, sense of entitlement, and divorcement from reality; always pushing the bounds of niggerism to contrive an incident / controversy when rational people finally stand up and say ‘wait just one cotton-pickin’ minute’; so outlandish is the typical black jive / nigger b***s***! ]
Holder loses again: Charges against militia members thrown out … [ The corrupt, biased holder should be going after his fellow niggers, the black panthers! ] ...
COPS: Trayvon protesters ransack store … [ Any excuse for niggers to be niggers! ]...
House dems try to politicize...
Zimmerman a registered Democrat...
'You ain't tell me you swung on a bus driver'...
Multiple suspensions from school: marijuana, grafitti, 'possession of burglary tool,' jewelry...
Suspended THREE times for drugs, truancy and graffiti and 'caught carrying a burglary tool': New picture emerges of Trayvon Martin (and did he attack a bus driver too?)

• The teen was suspended from school three times
• He was on suspension when he was shot in February, after officials caught him with a 'marijuana pipe' and a baggie with drug residue
• Trayvon was kicked out of school in October for graffiti after he was allegedly caught with a 'burglary tool' and a bag full of women's jewelry

• Officials also suspended him once for skipping school and tardiness

· Trayvon Martin was suspended from school three times in the months before he was shot dead by a neighborhood watchman, it emerged today.

· The facts, revealed in a leaked report, paint a different picture of a teenager who frequently found himself in trouble with authorities.

· It was also revealed that he might have attacked a bus driver, according to a Twitter account that it is claimed belonged to the teen.

The Miami Herald claims that in October, he was caught with a 'burglary tool' - a flathead screwdriver - and 12 pieces of women's jewellery. Martin insisted that they did not belong to him.

POLICE: Black teenagers light 13-year-old on fire; 'You get what you deserve, white boy'...
Typical n*****s! Come on! People are tired of making making up excuses for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white people'... [ Typical n*****s! Good thing there are food stamps; otherwise they’d be reverting to their inherent proclivity for canabalism (send them back to africa … even give them a lump sum for an irrevocable repatriation incentive … a huge cost-saving beyond the first year with substantial salutary effects for the nation, the economy, and the remaining civilized non-blacks). The other major crimes they do anyway. It’s their nature. You’ll never change the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security... [ I refrained from using the ‘n word’ (or even blacks / negroes) in referring to the culprits in the following two incidents (those tender sensibilities) but I’m sure you’ve guessed that they were niggers and I include same here in light of the foregoing incident (and yes, the victims were white), which is typical. ‘.. while walking through Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion (limbic system / adrenalin flow) I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped / a crowd gathered / an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA’s position with both felonies ( he went to prison – pled out ). The other case I wrote about here ( This was included on my website in the Psychology forum discussion of ‘bystander effect’ / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparently had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp (a police officer here in California was the object of intense criticism for having used a flashlight to subdue a criminal / nigger after a long chase so I included that here) . The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal / nigger went to jail (where they belong). The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). ]
Black Serial/Mass/Spree Killer List:
1. Matthew Emanuel Macon (Murdered and Raped 5 White Women in Lansing)
2. Jimmie Reed (Murdered his wife and his 2 month old daughter and set them on fire)
3. Shelly Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)
4. Justin Blackshere (Stabbed two white cooks at Cheli’s Chili downtown Detroit)
5. Jervon Miguel Coleman (Murdered three people.)
6. Donell Ramon Johnson (Murdered a mother and a daughter)
7. Brian Ranard Davis (6 women known murdered by nigger)
8. Paul Durousseau (Seven women)
9. Mark Goudeau “The Baseline Killer” (Eight women and a man in 2005-2006)
10. Coral Eugene Watts (11 women in Texas & 1 in Michigan)
11. Anthony McKnight (Five girls and young women)
12. Derrick Todd Lee (8 Women)
13. Charles Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15 years!)
14. The Zebra Killings (71 White people)
15. Chester Turner (L.A.s most prolific killer 12 women killed.)
16. Lorenzo J. Gilyard (Kansas City, MO.—13 victims)
17. Eugene Victor Britt (Gary, IN.–3 known murder/rapes.)
18. Reginald and Jonathan Carr (The Wichita Massacre–6 Whites murdered)
19. Ray Joseph Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people in 7 days, including an entire White family.)
20. The Tinley Park Murderer (Suspect hasn’t been found but has been described as black – murdered 5 women in a store.)
21. Henry Louis Wallace (Raped and strangled 5 women to death.)
22. Charles Johnston (Murdered 3 unarmed white men in hospital)
23. Craig Price (Brutally murdered 3 women)
24. Harrison Graham (Brually Murdered 3 women)
25. Charles Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council. )
26. & 27. Darnell Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)
28 &29. John Allen Muhammad & Lee Boyd Malvo (Sniped 11 people from a car in DC, 9 died.)
30. George Russell (3 women, WA state)
31. Timothy W. Spencer (5 killed, Arlington, VA and Richmond, VA)
32. Elton M. Jackson (12 gay men killed, Norfolk, VA area)
33. Carlton Gary (3 killed in Columbus, GA)
34. Mohammed Adam Omar (16 women, Yemen. Omar is Sudanese.)
35. Kendall Francois (8 women, Poughkeepsie, NY and surrounding areas.)
36. Terry A. Blair (8 women, Kansas City area)
37. Wayne Williams (33 many of them children!, Atlanta, GA)
38. Vaughn Greenwood (11 killed in LA)
39. Andre Crawford (10 killed in Chicago – southside)
40. Calvin Jackson (9 killed possibley more in NY)
41. Gregory Klepper (killed 8, Chicago – southside)
42. Alton Coleman (Killed 8 in the Midwest)
43. Harrison Graham (killed 7+ in N. Philadelphia)
44. Cleophus Prince (6 killed in, San Diego
45. Robert Rozier (7 killed in, Miami)
46. Maurice Byrd (killed 20 + in St. Louis)
47. Maury Travis (17 and rising, St. Louis and possibly also Atlanta)
48. Hulon Mitchell, a.k.a. Yahweh Ben Yahweh (killed 20+ in Florida)
49. Lorenzo Fayne (killed 5 children in East St. Louis, IL)
50. Paul Durousseau, (killed 6, two of which were pregnant women, Jacksonville, FL; Georgia.)
51. Eddie Lee Mosley (killed 25 to 30 women, south Florida)
52. Henry Lee Jones (killed 4 in, south Florida; Bartlett, TN)
53. Richard “Babyface” Jameswhite (15 killed in, New York; Georgia.)
54. Donald E. Younge, Jr. (killed 4), East St. Louis, IL; Salt Lake City, UT.
55. Ivan Hill (killed 6 in Los Angeles area).
56. Michael Vernon (Bronx, NY. Killed at least seven people – )
57. Chester Dewayne Turner (12 women killed in, Los Angeles)
ARREST MADE IN LOS ANGELES GRIM SLEEPER SERIAL KILLER CASE July 07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME |By Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested a suspect in the Grim Sleeper serial killer case and will charge him with 10 counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of attempted murder, Capt. Kevin McClure with the Los Angeles Police Department said.Franklin will arraigned in court Thursday morning, McClure said.The California Attorney General's office attributed the arrest to DNA collected from a relative of the suspect, in a controversial and rarely used practice known as familial DNA search.’
Of Course There Are Black Serial Killers by Lynette Holloway on  July 15, 2010 The case of the "Grim Sleeper" inspires a second look at the popular perception that serial killing is the province of clever white men.
Serial Murderers' Row July 16, 2010 The following black men are among the most prolific serial killers in U.S. history. http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus: Behind the myth that only white men commit such crimes.
Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved In Fights At Mall Of America After Rumors That Rappers Are There...

Miami Heat Players Don Hoodies...
'Dead or Alive' Poster Issued by New Black Panther Party... [ ‘Minority Report’ Division of Pre-Crime, Pre-Cogs say, ‘Dead or Alive – all niggers’ … whatever the outcome in the investigative process, the stark reality is that at least, unlike the niggers committing many more ‘black on white’ violent crimes, Zimmerman (and this is no endorsement – I won’t be looking at this one incident all that closely) was at least trying to do a good thing made necessary by the ever increasing number of brutal crimes committed by the black thugs in neighborhoods across the nation; then there’s somalian pirates, etc.. People domestically and internationally are suffering from nigger-fatigue and are totally niggered out. Oh, yeah, there are some Hollywood types who feel good about themselves having niggers around and helping niggers to help them feel better than they really are, insecure as they are, by being better than at least someone beyond fantasy. Loony george clooney is one. Dreadfully boring and with that monotone, monotonous voice and not that bright, he’s not even able to fake it on screen as an action hero (ie., batman, what a horrific miscast) wimpy pussy in reality that he is; then there’s the ‘black (sean) penn’ who cried like a baby while incarcerated for a couple of days not that long ago. The atheist jolie, so fatherly troubled as she is, has let the equally mentally troubled pitt (she so nutty she makes him feel somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be the closest she’s gotten to her black projects. Let them live anonomously (in disguise) with the niggers for some time for a real close look and then see what’s left of their predisposed love for the nigger. Then there’s the italian scallion, booby deniro; drug addled as his black wife high-tower, what a total embarrassment to Italians everywhere; even as he tried to ingratiate himself recently with niggers everywhere and particularly national embarrassment mammy michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan Africa! ]
'BLACK NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE CONTRARY ] ARE UNDER ATTACK [ SAYS NIGGER SHAKEDOWN ARTIST JACKSON] ' [ Hold on one cotton-pickin’ minute jesse, that’s not what the facts say Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d look just like any other nigger. And, don’t worry about the black vote, failed president wobama the b for b***s*** will get nearly if not all, 100% of the nigger vote! Drudgereport: Farrakhan Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks that would have to be retaliated against based upon the hushed reality of the prevalence of black on white crime? The blacks should be careful what they wish for in playing that game because the facts don’t break in their favor. ] ...

People have become weary of making up excuses for blacks (like obama, holder, etc.). At some point, as now, people should not be timid about relating the cold, unvarnished truth statistically / factually about blacks and, ie., black on white violent crime, etc..

 From Pat Buchanan: As for racism, its ugliest manifestation is in interracial crime, and especially interracial crimes of violence. Is Barack Obama aware that while white criminals choose black victims 3 percent of the time, black criminals choose white victims 45 percent of the time? Is Barack aware that black-on-white rapes are 100 times more common than the reverse, that black-on-white robberies were 139 times as common in the first three years of this decade as the reverse? We have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned out to be hoaxes. But about the epidemic of black assaults on whites that are real, we hear nothing.

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

The reality is that blacks are an insoluble problem wherever they are. That’s not going to ever change; not make-shift/make-work jobs; not programs; not anything tried or to be tried; hence, they must be treated as exactly that – problems – before a solution can be derived and fashioned. ] [ Send the niggers, including niggerbama back to sub-saharan africa! ]

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

http://albertpeia.com/todaysbusinesssummarylinks.htm

http://albertpeia.com/fbimartinezcongallard.htm

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

http://albertpeia.com

What in the World Has Happened to the FBI/DOJ?
http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm

The US’s “EU Style” Negotiations Will Without a Doubt Take Us Over the Cliff

December 10, 2012 http://gainspainscapital.com

http://albertpeia.com/useustylenegotiations.htm

Two Economic Developments Every Investor Needs to Be Aware Of

December 10, 2012 http://gainspainscapital.com

http://albertpeia.com/2economicdevelopments.htm

15 Signs That The Economy Is Rapidly Getting Worse As We Head Into 2013

http://theeconomiccollapseblog.com

http://albertpeia.com/15signseconomyworsefor2013.htm

Unemployment Is Not Going Down: The Employment Rate Has Been Under 59 Percent For 39 Months In A Row

http://theeconomiccollapseblog.com

http://albertpeia.com/unemploymentnotgoingdown.htm

12-10-12 STUCK...
Companies Race to Beat Tax Increases...
Obama has hired 101 new federal employees A DAY since taking office...

UNCHAINED: Foxx Jokes About Killing 'All The White People' In New Movie...
Nelson Mandela 'proven' to be a member of the Communist Party Telegraph.co.uk For decades, it was one of the enduring disputes of South Africa's anti-apartheid struggle. { The failed system of communism. Not surprising that a nigger would lache on to such where everyone’s ‘equal’; but, for no good reason, other than for party membership alone some are more equal than others. Well, close enough, but no cigar. After all, chimpanzees share a 98% identical DNA profile with modern humans; and, niggers share 99% (hence, that familiar simian look of the nigger. Interestingly, I must confess that I’ve more recently particularly, developed a well-founded aversion for and antipathy towards chimps, gorillas, oranguatangs and monkeys owing to the fact that they remind me of niggers! Niggers are a drag on civilized society! }

Execution-style shooting on busy Manhattan street...
Man Dies...
85-Year-Old Woman Savagely Attacked In Greenwich Village Elevator...

APOCALYPTO: Panic spreads ahead of Mayan prophecy... { As I previously have stated: No, the world’s not ending … this year … but, there’s just decades left at best! The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ] }

Zimmerman Sues NBCNEWS... { Truth be told, even some decades ago, while there to drop off some ‘paper’, I was somewhat shocked to see that almost an entire nbc corporate floor was almost all niggers! Maybe, as with the election, they were just afraid the niggers might riot. }
Made me into a Racist to Fix Low Ratings...
Furor over WVA high school's mandate that students stand for 'African-American National Anthem'... { The niggerization of america, no wonder america’s a nation in decline! }

Christie Meet$ With Obama as Sandy Aid Package Formed...

DETROIT TO OBAMA: WE (THE NIGGERS AND SELF-LOATHING WHITES ET ALS) VOTED YOU IN, NOW BAIL US OUT... http://albertpeia.com/lawlesswastelanddetroit.htm

Israel accuses USA of inciting protests... { Riiiiight! Defacto bankrupt america that needlessly and foolishly bleeds real blood and treasure for israel is the culprit…Wow!…You can’t make this stuff up! }

Christie seeks 100% federal government reimbursement for Sandy... NY, NJ, CT lawmakers seek $83 billion to cover cost of damage... { People should read the comments … the opposition are vehemently against a bailout for national drains (ie., wall street frauds, frauds, organized crime, corruption, etc.) new york/new jersey/connecticut. }

Nader: O Worse Than Bush... Nader: War Criminal Obama Worse Than Bush { I’d call it now a not too surprising tie! }

Dave’s Daily: http://www.etfdigest.com ‘EOCNOMIC DATA HOLDS SURPRISES Out of the gate this morning was the whopping surprise in the monthly employment report (146K jobs added vs 85K expected & prior 171K) and the unemployment rate dropped (7.7% vs 8% expected & prior 7.9%). This looked great didn’t it? But it wasn’t. And, algos don’t look too far under the hood at details but those were awful. The largest gain was in retail (part time holiday workers) followed by Hospitality and Leisure and Waste Services (Sandy?) while Construction jobs lost 20K. More importantly, the labor participation rate (only 63.6%) declined again as the number of people out of the work force increased by a stunning 540K people. In the end, more than 200K workers stopped looking for work.

http://albertpeia.com/daveschart12712no1.gif

Further inside the numbers are two charts that really indicate what’s happening within age groups.

http://albertpeia.com/daveschart12712no2.gif

http://albertpeia.com/daveschart12712no3.gif

Big banks planning layoffs Marketwatch It's not going to be happy holidays for many on Wall Street as word comes that Citi won't be the only bank laying off workers before year-end.

Three Charts Every Investor Needs to See

December 7, 2012 http://gainspainscapital.com

http://albertpeia.com/3chartsinvestorsmustsee.htm

Why Is The Market Mispricing Uncertainty By 50%?

"Trenton Makes, The Mayor Takes" Mack Indicted On Corruption Charges

Just a few months back we noted the FBI's arrest of Tony Mack, the Mayor of New Jersey's salubrious capital Trenton. Today, via AP, the mayor and his brother have been indicted on eight counts of extortion, bribery, and mail and wire fraud. The Mayor has continued in his position - even since the September arrest - but the  federal indictment relates to an alleged scheme to accept $119,000 in bribes in exchange for his influence in the development of a garage on city-owned land. Shocked? not so much; but it seems maybe "Trenton Makes, The Mayor Takes" is more appropriate.

The 11 "Death Spiral" States http://albertpeia.com/deathspiralstates.htm

Submitted by Tyler Durden on 12/04/2012

Eleven states made Forbes' list of danger spots for investors including California, New York, Illinois, and Ohio. They warned (and with the cliff it is even more critical), if you have muni bonds in these states - clean up your portfolio; if your career takes you there - rent, don't buy! Two factors determine their list of 'fiscal hellholes'. The first is whether there are more takers (someone who draws money from the government) than makers (the gainfully employed). The second is a state credit-worthiness score (via Conning) based on large debts, uncompetitive business climates, weak home prices, and bad trends in employment. Conning rates North Dakota the safest state to lend money to, Connecticut the most hazardous. A state qualifies for the Forbes' death spiral list if its taker/maker ratio exceeds 1.0 and it resides in the bottom half of Conning’s ranking. See below for the 11 states to avoid...no matter what Bob Toll, Larry Yun, Bob Pisani, or Alexandra Lebenthal tells you..

Worst-run states

New Jersey

Between 2010 and 2011, New Jersey’s GDP contracted by 0.5% — more than all but three states. The state’s median household income and poverty rate both ranked third in the nation. On the other hand, the state’s tax burden on its residents was second highest in the U.S. in 2010. Residents paid 12.4% of their income in state and local taxes — higher than any other state except neighboring New York. The state has budget problems, as well, according to the 24/7 Wall St. analysis. New Jersey’s debt as a percentage of revenue was 91.6%, the fifth-highest of all states.

12-07-12 APOCALYPTO: Panic spreads ahead of Mayan prophecy... { As I previously have stated: No, the world’s not ending … this year … but, there’s just decades left at best! The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ] }
Russians stockpile...
Govt. borrowing 46 cents of every dollar it spends...
Feds Borrowing $4.8 Billion Per Day...
Boehner: President wants to 'slow-walk' talks, wastes another week...
'Deliberate strategy'...
Santelli: 'They Love to Fib About Statistics'...

Zimmerman Sues NBCNEWS... { Truth be told, even some decades ago, while there to drop off some ‘paper’, I was somewhat shocked to see that almost an entire nbc corporate floor was almost all niggers! Maybe, as with the election, they were just afraid the niggers might riot. }
Made me into a Racist to Fix Low Ratings...
Furor over WVA high school's mandate that students stand for 'African-American National Anthem'... { The niggerization of america, no wonder america’s a nation in decline! }

Christie Meet$ With Obama as Sandy Aid Package Formed...

DETROIT TO OBAMA: WE (THE NIGGERS AND SELF-LOATHING WHITES ET ALS) VOTED YOU IN, NOW BAIL US OUT... http://albertpeia.com/lawlesswastelanddetroit.htm

Israel accuses USA of inciting protests... { Riiiiight! Defacto bankrupt america that needlessly and foolishly bleeds real blood and treasure for israel is the culprit…Wow!…You can’t make this stuff up! }

Christie seeks 100% federal government reimbursement for Sandy... NY, NJ, CT lawmakers seek $83 billion to cover cost of damage... { People should read the comments … the opposition are vehemently against a bailout for national drains (ie., wall street frauds, frauds, organized crime, corruption, etc.) new york/new jersey/connecticut. }

Nader: O Worse Than Bush... Nader: War Criminal Obama Worse Than Bush { I’d call it now a not too surprising tie! }

The 10 biggest U.S. corporate layoffs of 2012

Cost of presidential race officially surpassed $2 billion { In the end, ‘the election’ was (fraudulently) fixed anyway. What a waste of time, money, and resources! What a failed nation pervasively corrupt, defacto bankrupt america is! }

China wealth-management products (patterned after the american ponzi approach) spell danger, says Fitch

QE 3 Didn’t Work… Why Would QE 4?

December 6, 2012 http://gainspainscapital.com

http://albertpeia.com/qe3qe4didntwontwork.htm

Show This To Anyone That Believes That Taxes Are Too Low

http://theeconomiccollapseblog.com

http://albertpeia.com/taxestoohigh.htm

From Good Jobs To Bad Jobs To No Jobs - The Tragic Downfall Of The American Worker

http://theeconomiccollapseblog.com

http://albertpeia.com/badjobsnojobsdownfallusworker.htm

"Trenton Makes, The Mayor Takes" Mack Indicted On Corruption Charges

Just a few months back we noted the FBI's arrest of Tony Mack, the Mayor of New Jersey's salubrious capital Trenton. Today, via AP, the mayor and his brother have been indicted on eight counts of extortion, bribery, and mail and wire fraud. The Mayor has continued in his position - even since the September arrest - but the  federal indictment relates to an alleged scheme to accept $119,000 in bribes in exchange for his influence in the development of a garage on city-owned land. Shocked? not so much; but it seems maybe "Trenton Makes, The Mayor Takes" is more appropriate.

The 11 "Death Spiral" States http://albertpeia.com/deathspiralstates.htm

Submitted by Tyler Durden on 12/04/2012

Eleven states made Forbes' list of danger spots for investors including California, New York, Illinois, and Ohio. They warned (and with the cliff it is even more critical), if you have muni bonds in these states - clean up your portfolio; if your career takes you there - rent, don't buy! Two factors determine their list of 'fiscal hellholes'. The first is whether there are more takers (someone who draws money from the government) than makers (the gainfully employed). The second is a state credit-worthiness score (via Conning) based on large debts, uncompetitive business climates, weak home prices, and bad trends in employment. Conning rates North Dakota the safest state to lend money to, Connecticut the most hazardous. A state qualifies for the Forbes' death spiral list if its taker/maker ratio exceeds 1.0 and it resides in the bottom half of Conning’s ranking. See below for the 11 states to avoid...no matter what Bob Toll, Larry Yun, Bob Pisani, or Alexandra Lebenthal tells you..

Worst-run states

New Jersey

Between 2010 and 2011, New Jersey’s GDP contracted by 0.5% — more than all but three states. The state’s median household income and poverty rate both ranked third in the nation. On the other hand, the state’s tax burden on its residents was second highest in the U.S. in 2010. Residents paid 12.4% of their income in state and local taxes — higher than any other state except neighboring New York. The state has budget problems, as well, according to the 24/7 Wall St. analysis. New Jersey’s debt as a percentage of revenue was 91.6%, the fifth-highest of all states.

12-06-12 7 DEAD, HUNDREDS INJURED IN CAIRO PROTEST...
ARMY ULTIMATUM: GET OFF STREETS...
PROTESTERS DEFY ORDER...

Zimmerman Sues NBCNEWS... { Truth be told, even some decades ago, while there to drop off some ‘paper’, I was somewhat shocked to see that almost an entire nbc corporate floor was almost all niggers! Maybe, as with the election, they were just afraid the niggers might riot. }
Made me into a Racist to Fix Low Ratings...
Furor over WVA high school's mandate that students stand for 'African-American National Anthem'... { The niggerization of america, no wonder america’s a nation in decline! }

Christie Meet$ With Obama as Sandy Aid Package Formed...

DETROIT TO OBAMA: WE (THE NIGGERS AND SELF-LOATHING WHITES ET ALS) VOTED YOU IN, NOW BAIL US OUT... http://albertpeia.com/lawlesswastelanddetroit.htm

Israel accuses USA of inciting protests... { Riiiiight! Defacto bankrupt america that needlessly and foolishly bleeds real blood and treasure for israel is the culprit…Wow!…You can’t make this stuff up! }

Christie seeks 100% federal government reimbursement for Sandy... NY, NJ, CT lawmakers seek $83 billion to cover cost of damage... { People should read the comments … the opposition are vehemently against a bailout for national drains (ie., wall street frauds, frauds, organized crime, corruption, etc.) new york/new jersey/connecticut. }

Nader: O Worse Than Bush... Nader: War Criminal Obama Worse Than Bush { I’d call it now a not too surprising tie! }

STUDY: American Households Hit 43-Year Low In Net Worth...

Debt Hits $16,306,713,000,000...

CA City Attorney Tells Residents To 'Lock Their Doors, Load Their Guns' Over Police Downsizing... { This is already good counsel for all of california in light of pervasive crime and egalitarian, politically correct attitudes hindering law enforcement! }

Michigan Governor Won't Rule Out Dissolving City Of Detroit... { Sounds like a plan! }
Oakland Crime Rate Soars As City Loses Officers; 33 Burglaries A Day... { Ah, come on! Understand these disadvantaged … times are tough which makes the tough get goin’. I wonder how many are double-dipping? I bet they voted for O. }

NY, NJ lawmakers seek $80 billion to cover cost of damage... { People should read the comments … the opposition are vehemently against a bailout for national drains (ie., wall street frauds, frauds, organized crime, etc.) new york/new jersey. }

12-05-12 Income tax will exceed 50% in California, Hawaii, and New York City... Developing...
CHICAGOLAND: 'Godfather' Orders Mourners Searched, Patted Down At Gang Member Funerals...

DETROIT TO OBAMA: WE (THE NIGGERS AND SELF-LOATHING WHITES ET ALS) VOTED YOU IN, NOW BAIL US OUT...
Robbers Wielding AK-47s Terrorize Gas Stations...
Execution-Style Slayings Leave 4 Dead; Homicides Soar in City...

Men Busted For Tailing UPS Truck, Stealing Christmas Gifts...
Hundreds Of Donated Gifts Stolen From Church...
Baby Jesus goes missing...
Family robbed while decorating tree...
Thieves Steal 800-Pound Elk Statue!
UPDATE: Church Cuts 'Charlie Brown' Christmas Play After Backlash...
Lawsuit threat cancels holiday concert...

EAT THE RICH: 52% TAX RATE IN CA

GALLUP: 53% of Democrats Have 'Positive Image' of Socialism...

Israel accuses USA of inciting protests... { Riiiiight! Defacto bankrupt america that needlessly and foolishly bleeds real blood and treasure for israel is the culprit…Wow!…You can’t make this stuff up! }

Christie seeks 100% federal government reimbursement for Sandy... NY, NJ, CT lawmakers seek $83 billion to cover cost of damage... { People should read the comments … the opposition are vehemently against a bailout for national drains (ie., wall street frauds, frauds, organized crime, corruption, etc.) new york/new jersey/connecticut. }
Nader: O Worse Than Bush... Nader: War Criminal Obama Worse Than Bush { I’d call it now a not too surprising tie! }

Heffernan: Microsoft is back — Why the dorky Apple rival is suddenly cool { Forget cool, when it comes to computers/computing, I’m more concerned with stability and performance. As a critic of Microsoft beyond their breakthrough Windows 2000 (professional) and Word offerings, I felt compelled to comment here. XP was a dog and deserving of criticism (innumerable problems including acting as a ‘virus magnet’). Quite by ‘accident’, I plugged in an old apple usb mouse and my problems with vista (sic), Windows 7, literally disappeared (I then ordered a new usb mouse for right-click, scroll capability). Vista…Whoops, my mistake…I meant to say Windows 7 (not thinking there’s a difference; obviously I haven’t followed their recent past misguided exploits closely)… Windows 7 is by far and away superior to xp (and Vista) in every way. It apparently was the legacy mouse and problems created thereby (with ram, resources, cache/processor, etc.) that impaired stability and performance and I’m happy to say thus far, Windows 7 (with updates to date) is a solid successor to 2000 and microsoft’s best operating system to date (I have my fingers crossed as I said that … just kidding!). }

The Investment Classes That Will Most Benefit From Obama’s Second Term

December 4, 2012 http://gainspainscapital.com

http://albertpeia.com/investmentsosecond.htm

The Coming Derivatives Panic That Will Destroy Global Financial Markets

http://theeconomiccollapseblog.com

http://albertpeia.com/derivativesbust.htm

‘…  The largest casino in the history of the world is going to go "bust" and the economic fallout from the financial crash that will happen as a result will be absolutely horrific…’ ( more http://albertpeia.com/derivativesbust.htm )

20 Shocking Examples Of How Sadistic And Cruel People Have Become

http://endoftheamericandream.com

http://albertpeia.com/20examplessadistictwistedcruelty.htm

Europe's Gluttony Olympics: Fattest, Laziest, Drunkest

http://albertpeia.com/theeugluttonistas.htm

12-04-12 Israel accuses USA of inciting protests... { Riiiiight! Defacto bankrupt america that needlessly and foolishly bleeds real blood and treasure for israel is the culprit…Wow!…You can’t make this stuff up! }

Chevy Volt sales fall 50% after the election...

Thieves rip out all of the copper in Newark church...

Class Action Suit: Cash-Strapped NYC Rigged Red-Light Cameras In Money Grab...

WORLD'S OLDEST WOMAN DIES, AGE 116...

Christie seeks 100% federal government reimbursement for Sandy... NY, NJ, CT lawmakers seek $83 billion to cover cost of damage... { People should read the comments … the opposition are vehemently against a bailout for national drains (ie., wall street frauds, frauds, organized crime, corruption, etc.) new york/new jersey/connecticut. }

Nader: O Worse Than Bush... Nader: War Criminal Obama Worse Than Bush { I’d call it now a not too surprising tie! }

CA City Attorney Tells Residents To 'Lock Their Doors, Load Their Guns' Over Police Downsizing... { This is already good counsel for all of california in light of pervasive crime and egalitarian, politically correct attitudes hindering law enforcement! }

Michigan Governor Won't Rule Out Dissolving City Of Detroit... { Sounds like a plan! }
Oakland Crime Rate Soars As City Loses Officers; 33 Burglaries A Day... { Ah, come on! Understand these disadvantaged … times are tough which makes the tough get goin’. I wonder how many are double-dipping? I bet they voted for O. }

Dave’s Daily: http://www.etfdigest.com ‘FISCAL CLIFF HAUNTS LIKE Y2K 12-03-12 { Let me just interject here that nearly a trillion dollars (without a decade’s worth of debasement) was spent to avoid the ‘nonevent’}

Robert Wiedemer: Awaiting The Aftershock

http://www.zerohedge.com/news/2012-12-01/robert-wiedemer-awaiting-aftershock

Submitted by Tyler Durden on 12/01/2012

The 2007 puncturing of housing market prices and the 2008 financial market swoon are the precedents to two much larger and much more dangerous bubbles. These more pernicious threats are the dollar bubble ("printing money") and the government debt bubble ("borrowing money"). While both are expanding at a sickening pace, in the near term they deceptively make things seem much better than they are. But, like all bubbles, they are unsustainable. The Fed is well-aware of this dire probability, but finds itself increasingly stuck to avoid it. The Fed's main strategic consists completely of "hope". It's backup strategy? "Panic" and thus the need to focus on preservation of purchasing power, and positioning one's financial assets safely before the aftershock arrives.

Lock Your Doors And Prepare To Defend Your Family

http://theeconomiccollapseblog.com

http://albertpeia.com/lockdoorsanddefend.htm

Monster Sinkholes An Indication That Major Earth Changes Are Coming Along The New Madrid Fault?

http://endoftheamericandream.com

http://albertpeia.com/monstersinkholesearthquakescoming.htm

UN Control Of The Internet Would Mean UN Control Of Free Speech

http://thetruthwins.com

http://albertpeia.com/uncontrolofinternetfreespeech.htm

12-03-12 IT'S STARTING!
IRS ISSUES 159 PAGES OF NEW RULES
CUT THAT, TAX THIS

Christie seeks 100% federal government reimbursement for Sandy... NY, NJ, CT lawmakers seek $83 billion to cover cost of damage... { People should read the comments … the opposition are vehemently against a bailout for national drains (ie., wall street frauds, frauds, organized crime, corruption, etc.) new york/new jersey/connecticut. }
Nader: O Worse Than Bush... Nader: War Criminal Obama Worse Than Bush { I’d call it now a not too surprising tie! }

America's 10 best-run
and worst-run states Marketwatch
North Dakota (left) is the best-run state, according to 24/7 Wall St.'s analysis. { Yes, indeed! I can attest to the worthiness of jersey and california on the worst-run list. Yet, new york/connecticut with their (ny predominantly…connecticut is but a suburb of new york in a very ‘go along to get along’ way … then there’s the other beltway drain, virginia, a d.c. suburb with all d.c.’s faults.) large scale, nation draining corruption including wall street frauds/bailouts, etc., should make this relatively short list. }

The Big Turning Point Has Finally Hit

November 30, 2012 http://gainspainscapital.com

http://albertpeia.com/turningpoint.htm

Wake Up! 11 Facts That Show That Europe Is Heading Into An Economic Depression

http://theeconomiccollapseblog.com

http://albertpeia.com/11factseuropedepression.htm

34 Signs That America Is In Decline http://albertpeia.com/34signsamericaindecline.htm

The One Time When More Is Certainly Not Better

Submitted by Tyler Durden on 11/30/2012

Presented with little comment - except to say, maybe those Mayans were on to something?

34 Signs That America Is In Decline

http://theeconomiccollapseblog.com

http://albertpeia.com/34signsamericaindecline.htm

Israel moves to build 3,000 new homes The plans include future construction in a strategic area where critics warn would kill hopes for a viable Palestinian state. { The never ending story courtesy of the war mongering, illegal nuke-toting, u.n. resolutions/international law scofflaw, war crimes nation israel. } Brzezinski: US must stop following Israel “like a stupid mule” Kevin Barrett | Brzezinski has drawn an unflattering picture of US-Israel relations. { And that goes for the politicians et als as well. Indeed, while there may have been (ie., in the past) a time that blind adherence to the pro-israeli line was a ‘political advantage’, that’s certainly no longer the case. In fact, for all Romney’s contra-indicated pro-israel babble, wobama’s jewish vote from the prior election was unchanged while Romney was hurt among other constituencies fearing a return to the moron bush neo-con/pro-israeli war mongering mindset. } { The unfortunate reality is that while rome burns, the ne(r)o cons fiddle with unreasonable israeli obsessive preoccupations born of paranoia and irrational quest for control of people who america and clinton herself warrant a separate state by way of the 2 state solution. The fact is, america’s problems are too large and grave for attention to israeli contrived, self-interested concerns. The reality is that pervasively corrupt, defacto bankrupt america has neither the time nor the resources to self-destructively ‘dance the tarantella’ with israel. }

11-30-12 STUDY: American Households Hit 43-Year Low In Net Worth...

Debt Hits $16,306,713,000,000...

CA City Attorney Tells Residents To 'Lock Their Doors, Load Their Guns' Over Police Downsizing... { This is already good counsel for all of california in light of pervasive crime and egalitarian, politically correct attitudes hindering law enforcement! }

Michigan Governor Won't Rule Out Dissolving City Of Detroit... { Sounds like a plan! }
Oakland Crime Rate Soars As City Loses Officers; 33 Burglaries A Day... { Ah, come on! Understand these disadvantaged … times are tough which makes the tough get goin’. I wonder how many are double-dipping? I bet they voted for O. }

NY, NJ, CT lawmakers seek $83 billion to cover cost of damage... { People should read the comments … the opposition are vehemently against a bailout for national drains (ie., wall street frauds, frauds, organized crime, etc.) new york/new jersey/connecticut. }

UPDATE: Judge approves Twinkie liquidation... { Alas, adieu sweet hostess. As a kid (as an adult as well but can’t afford those calories and haven’t had them in years), truth be told, though I liked twinkies with milk, preferably chocolate milk, I invariably opted for the cream-filled chocolate cake, chocolate iced (with the squiggle on top) hostess cupcakes; with plain milk, of course. The ‘golden-goose-killers’ strike again! }

Jesse Jackson Jr. quits Congress...
'Couldn't stop crying, couldn't give a press conference'...

Blizzard of garbage on Wall Street Marketwatch { Indeed! }
As readers get financial news from many more sources, are the business media doing a better or worse job of informing the public? 

Spain Now Faces a Systemic, Societal, and Sovereign Collapse

November 29, 2012 http://gainspainscapital.com

http://albertpeia.com/spainssystemicsocietalsovereigncollapse.htm

34 Signs That America Is In Decline

http://theeconomiccollapseblog.com

http://albertpeia.com/34signsamericaindecline.htm

34 Signs That America Is In Decline

http://theeconomiccollapseblog.com

http://albertpeia.com/34signsamericaindecline.htm

‘…

The following are 34 signs that America is in decline...

#1 According to the World Bank, U.S. GDP accounted for 31.8 percent of all global economic activity in 2001.  That number dropped to 21.6 percent in 2011.  That is not just a decline - that is a freefall.  Just check out the chart in this article.

#2 According to The Economist, the United States was the best place in the world to be born into back in 1988.  Today, the United States is only tied for 16th place.

#3 The United States has fallen in the global economic competitiveness rankings compiled by the World Economic Forum for four years in a row.

#4 According to the Wall Street Journal, of the 40 biggest publicly traded corporate spenders, half of them plan to reduce capital expenditures in coming months.

#5 More than three times as many new homes were sold in the United States in 2005 as will be sold in 2012.

#6 America once had the greatest manufacturing cities on the face of the earth.  Now many of our formerly great manufacturing cities have degenerated into festering hellholes.  For example, the city of Detroit is on the verge of financial collapse, and one state lawmaker is now saying that "dissolving Detroit" should be looked at as an option.

#7 In 2007, the unemployment rate for the 20 to 29 age bracket was about 6.5 percent.  Today, the unemployment rate for that same age group is about 13 percent.

#8 Back in 1950, more than 80 percent of all men in the United States had jobs.  Today, less than 65 percent of all men in the United States have jobs.

#9 If you can believe it, approximately one out of every four American workers makes 10 dollars an hour or less… #10 - #34

11-29-12 UN votes to recognize Palestine...

Detroit Mayor: 'We are in an environment of entitlement'...

BUYER'S REMORSE: OBAMA APPROVE DROPS TO 49%...

Sen. Sessions: Geithner 'Secret' Offer a 'Fantasy'...
Obama seeks new power to raise debt limit...

Yuma, AZ unemployment rate hits 29.8%...

WHY SO SECRET?
Obama's Dismal Record on Transparency...

Michigan Governor Won't Rule Out Dissolving City Of Detroit... { Sounds like a plan! }
Oakland Crime Rate Soars As City Loses Officers; 33 Burglaries A Day... { Ah, come on! Understand these disadvantaged … times are tough which makes the tough get goin’. I wonder how many are double-dipping? I bet they voted for O. }

NY, NJ lawmakers seek $80 billion to cover cost of damage... { People should read the comments … the opposition are vehemently against a bailout for national drains (ie., wall street frauds, frauds, organized crime, etc.) new york/new jersey. }

Student loan delinquencies hit new high Marketwatch

Drudgereport: PRAVDA: Obama 're-elected by illiterate society'... { Or ill something or other in addition to illiterate! To reiterate and quote Ron Paul: america’s far gone! http://albertpeia.com/obamberthemistake.htm }

UN EYES CONTROL OF INTERNET { Come on! The un can’t even do what they are supposed to do! Enforce resolutions as to some nations, not others … war crimes delineated for some nations, not others … then the corruption, wasted resources, etc.. They are the ‘uncompetent’ bent on destroying/controlling the viability of the important free flow of information! }

All Of This Whining About The Fiscal Cliff Is Pathetic

http://theeconomiccollapseblog.com

http://albertpeia.com/fiscalcliffpatheticos.htm

The EU Just Lost Another Prop

November 28, 2012 http://gainspainscapital.com

http://albertpeia.com/anotherpropplop.htm

The Giant Currency Superstorm That Is Coming To The Shores Of America When The Dollar Dies

Economic Collapse | By recklessly printing, borrowing and spending money, our authorities are absolutely shredding confidence in the U.S. dollar.

Michael Snyder
Economic Collapse
Nov 28, 2012

http://albertpeia.com/giantcurrencysuperstormcoming.htm

11-28-12 Michigan Governor Won't Rule Out Dissolving City Of Detroit... { Sounds like a plan! }
Oakland Crime Rate Soars As City Loses Officers; 33 Burglaries A Day... { Ah, come on! Understand these disadvantaged … times are tough which makes the tough get goin’. I wonder how many are double-dipping? I bet they voted for O. }

NY, NJ lawmakers seek $80 billion to cover cost of damage... { People should read the comments … the opposition are vehemently against a bailout for national drains (ie., wall street frauds, frauds, organized crime, etc.) new york/new jersey. }

Fitch downgrades Argentina and predicts default...
EU Approves Bailout of Four Spanish Banks...

Drudgereport: PRAVDA: Obama 're-elected by illiterate society'... { Or ill something or other in addition to illiterate! To reiterate and quote Ron Paul: america’s far gone! http://albertpeia.com/obamberthemistake.htm }

UN EYES CONTROL OF INTERNET { Come on! The un can’t even do what they are supposed to do! Enforce resolutions as to some nations, not others … war crimes delineated for some nations, not others … then the corruption, wasted resources, etc.. They are the ‘uncompetent’ bent on destroying/controlling the viability of the important free flow of information! }

Behind the Scenes, Germany is Already Preparing For a Grexit

November 27, 2012 http://gainspainscapital.com

http://albertpeia.com/germanypreparesforgrexit.htm

‘…This is simply not going to happen. Germany will play ball with the EU by signaling its efforts to keep things together, but the German’s have in fact been implementing a contingency plan for nearly one year now.

I broke this story in February 2012. I haven’t seen it mentioned anywhere else. I wrote:

…Germany has put into place a contingency plan that would permit it to leave the Euro if it had to.

As a brief recap, this contingency plan consists of:

#1)    Legislation that would permit Germany to leave the Euro but remain a part of the EU.

#2)    The revival of its Special Financial Market Stabilization Funds, or SoFFin for short, to which Germany has allocated 480€ billion Euros to in the case of a banking crisis (the fund will also permit German banks to dump their euro-zone government bonds if needed).

This occurred back in February. And Germany now has a formal working group assessing the cost of a Grexit? The EU is on borrowed time. I mentioned earlier this year that German tourism companies have put contingency plans for the return to the Drachma in the contracts for their Greek subsidiaries. However, now even large US-based multinationals are implementing contingency plans for a Grexit.

The list includes JP Morgan, Bank of America Merrill Lynch, Visa, PricewaterhoursCoopers, Boston Consulting Group, Juniper Networks, and others.

Buckle up, things are about to get ugly.

This is why I’ve been warning that 2008 was just the warm-up. What is coming will be far far worse…’

11-27-12 Bankrupt San Bernardino cuts $26 million, tries to stay afloat...

PEW: Public Gave Obama Re-Election Campaign 'C+'...
RICE ON ICE...
98% of black women age 18-29 voted for O...
HEARTLESS: Thieves Steal $3,000 Worth Of Christmas Trees From BOY SCOUTS...
SALVATION ARMY exec accused of trying to steal 100,000 toys...

Cops bust all-girl burglary gang...

PRAVDA: Obama 're-elected by illiterate society'... { Or ill something or other in addition to illiterate! To reiterate and quote Ron Paul: america’s far gone! http://albertpeia.com/obamberthemistake.htm }

Enjoy the Holidays, Because Next Year Will Be Horrific

November 26, 2012 http://gainspainscapital.com

http://albertpeia.com/horriffic2013.htm { Indeed, it will be! }

‘This is going to be a very special holiday season. The reason? It’s the last hurrah before things get very very ugly.

Just off the cuff, you need to know that:

1)   China, the EU, and the US (comprising over 50% of Global GDP) are in recession already. The EU has already announced this. Look for the formal announcements concerning the US and China to hit the airwaves next year.

2)   Some data points concerning these nations indicate that this recession will be on par with that of 2007-2008.

A rising tide raises all ships. Similarly, a sinking tide lowers everything. Bear this in mind as a global economic contraction will have severe implications for everything.

Beyond the global economy, we now face sovereign and banking crises in Europe…’

Hungry For The Holidays: 20 Facts About Hunger In America That Will Blow Your Mind

http://theeconomiccollapseblog.com

http://albertpeia.com/hungryfortheholidays.htm

Will The Peak Of The Solar Cycle In 2013 Produce Technology Crippling Solar Super Storms?

http://endoftheamericandream.com

http://albertpeia.com/cripplingsolarstorms.htm

11-26-12 DEVELOPING: CATALONIA VOTES TO 'BREAK WITH SPAIN'

PRAVDA: Obama 're-elected by illiterate society'... { Or ill something or other in addition to illiterate! To reiterate and quote Ron Paul: america’s far gone! http://albertpeia.com/obamberthemistake.htm }

UN EYES CONTROL OF INTERNET { Come on! The un can’t even do what they are supposed to do! Enforce resolutions as to some nations, not others … war crimes delineated for some nations, not others … then the corruption, wasted resources, etc.. They are the ‘uncompetent’ bent on destroying/controlling the viability of the important free flow of information! }

CHICAGOLAND: Two shot at funeral...

Dave’s Daily: http://www.etfdigest.com ‘HEDGE FUNDS STRUT THEIR STUFF 11-23-12 I’ll keep this commentary short until I write for members tomorrow. Basically here is what’s happening: hedge fund SAC has allegedly been dominating 10% of daily trading on NYSE. With markets oversold heading into the holiday week and volume collapsing, SAC (and presumably others) trading participation as a percentage of total volume no doubt soared. This meant those stocks with the most short interest and trailing resting stops were easy pickings for a squeeze. The magnitude of the squeeze was impressive even as there was little supportive bullish news. It’s just further evidence of market manipulation…’

This the Last Push Before the Big Collapse?

November 23, 2012 http://gainspainscapital.com

http://albertpeia.com/lastpushbeforebigcollapse.htm

Black Friday Riots A Preview Of The Civil Unrest That Is Coming When Society Breaks Down?

http://theeconomiccollapseblog.com

http://albertpeia.com/blackfridayriotscivilunrestpreview.htm

11-23-12 OWN IT: Top 5 States to be Hit Hardest by 2013 Tax Increases -- Supported Obama!
Debt expands to $16,253,547,000,000...

FEDS: 785,000 abortions in year...
4D scans show fetuses yawn in womb...

RAMPAGE!

'Gang fight' at Black Friday sale...
Man Punched in Face Pulls Gun On Line-Cutting Shopper...
Shots fired outside WALMART...
Shoppers smash through door at URBAN OUTFITTERS...
Customers run over in parking lot...
Woman busted after throwing merchandise...
Thousands storm VICTORIA'S SECRET...
VIDEO: Insane battle over phones...
Mayhem at Nebraska mall where 9 murdered in 2007...
Shoplifter tries to mace security guards...
Men Steal Boy's Shopping Bag Outside BED, BATH & BEYOND...
Heckler calls them zombies...

UPDATE: Judge approves Twinkie liquidation... { Alas, adieu sweet hostess. As a kid (as an adult as well but can’t afford those calories and haven’t had them in years), truth be told, though I liked twinkies with milk, preferably chocolate milk, I invariably opted for the cream-filled chocolate cake, chocolate iced (with the squiggle on top) hostess cupcakes; with plain milk, of course. The ‘golden-goose-killers’ strike again! }

Jesse Jackson Jr. quits Congress...
'Couldn't stop crying, couldn't give a press conference'...

How and Why a Spanish Default Would Trigger an Epic Financial Meltdown

November 21, 2012 http://gainspainscapital.com

http://albertpeia.com/epicfinancialmeltdown.htm

They Are Going To Make It Nearly Impossible To Pass On A Farm Or A Business To Your Children

http://theeconomiccollapseblog.com

http://albertpeia.com/timetogetoutofdodge.htm

10 people who led us to the ‘fiscal cliff’ Marketwatch

29 Signs That The Elite Are Transforming Society Into A Total Domination Control Grid

http://thetruthwins.com

http://albertpeia.com/dominationcontrolgrid.htm

{ First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently, primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. }

[ 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said:

The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing

http://albertpeia.com/planetalreadyruined.htm ]

Hostess gets court approval to liquidate Marketwatch { Alas, adieu sweet hostess. As a kid (as an adult as well but can’t afford those calories and haven’t had them in years), truth be told, though I liked twinkies with milk, preferably chocolate milk, I invariably opted for the cream-filled chocolate cake, chocolate iced (with the squiggle on top) hostess cupcakes; with plain milk, of course. The ‘golden-goose-killers’ strike again! }

11-21-12 UPDATE: Judge approves Twinkie liquidation... { Alas, adieu sweet hostess. As a kid (as an adult as well but can’t afford those calories and haven’t had them in years), truth be told, though I liked twinkies with milk, preferably chocolate milk, I invariably opted for the cream-filled chocolate cake, chocolate iced (with the squiggle on top) hostess cupcakes; with plain milk, of course. The ‘golden-goose-killers’ strike again! }

Jesse Jackson Jr. quits Congress...
'Couldn't stop crying, couldn't give a press conference'...

Grant, usagold.com: ‘…Fed chairman Ben Bernanke said in a speech today that the US will continue to face many headwinds to growth, but the fiscal cliff is the most immediate danger. He warned that the Fed doesn't have the tools to fully offset a drop over the fiscal cliff, which would likely push the US back into recession. He acknowledged that "the federal budget is on an unsustainable path," yet urged Congress to raise the debt ceiling in order to "avoid any possibility of a catastrophic default on the nation's Treasury securities and other obligations."…’ { Wow! Talk about being behind the curve! Hussman: ‘the U.S. economy entered a recession during the third quarter – well before Sandy was even on the weather map.’ And, when you take into account actual, real inflation, Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ . Pervasively corrupt, defacto bankrupt america is such a b***s*** nation! }

55 Reasons Why You Should Buy Products That Are Made In America This Holiday Season

http://albertpeia.com/55reasonstobuyamericanproducts.htm

Government Website For Immigrants: Come To America And Take Advantage Of Our Free Stuff

http://albertpeia.com/usfreebirdimmigrantsong.htm

Grantham: Biggest Housing Bubble Since 807 A.D. Has Burst Posted by: George Washington Post date: 11/20/2012 Maybe the Biggest of All Time ...

11-20-12 Record Number of Americans Will Use Food Stamps For Thanksgiving...
FOOD PANTRY SEES 400% INCREASE IN DEMAND...

Federal Workers to Congress: Leave Us Out of Deficit Deal...

Obama's 'Constituency Groups' Checklist Offers No Options for Whites or Men?

CYBERGUERRE!
FRANCE ACCUSES USA OF HACKING

{ AP-these are predominantly distressed/foreclosure sales previously deferred. }

http://albertpeia.com/daveschart111912.gif

U.S. stocks surge on hope for a debt deal Marketwatch { Hopium back in a big way and bigger than ever! Come on! They’re ‘all in this together’! Of course they’ll do some kind of ‘kick the can’ deal. The reality is that the debt problem is an insurmountable problem, in large part of their making, electioneering, politicking as usual. As for those who’ve belittled Romney for stating a fact, the reality is that both parties are guilty of same (whether in the form of a tax cut/break, government contract, failure to prosecute fraud/crime, etc.) and I’m frankly surprised that Romney didn’t point to the threats of violence by the niggers, and the rampant voter fraud extant in this banana republic. As for slimy newt calling Romney nuts for his stating reality, keep in mind that the b***s*** newty has been on the receiving end of such largesse for quite some time, unable to do anything of value and hence confined to his schmooze and b***s*** paradigm which is pervasive in america, along with fraud among other crimes. This ‘rally’ is an especially great opportunity to sell/take profits since there’s much worse to come! }

The Twinkie That Broke The Economy's Back?

http://theeconomiccollapseblog.com

http://albertpeia.com/tweekingtwinkies.htm

Moody's strips France of its triple-A rating Marketwatch

The Powers That Be Don’t Want Sovereign Bonds… They Want Gold

November 18, 2012 http://gainspainscapital.com

http://albertpeia.com//notbondsgold.htm

11-19-12 MOODY'S downgrades France bond rating, maintains negative outlook...

CHRISTIE CLOWNS ON 'SNL' AS RESIDENTS SUFFER...
'I have three kids and we have no power, no heat, for 13 days now'...

FL Hospitals to Cut Record Number of Jobs...

CHICAGOLAND: Doctor stabbed in WESTIN hotel bathroom...

Ron Paul: 'Secession is a deeply American principle'...

The Single Most Important Research of My Career

http://albertpeia.com/summersresearch.htm

Eyewitness Accounts Of Voting Machines Turning Romney Votes Into Obama Votes

http://albertpeia.com/bananarepublicusromneyvotestowobama.htm

11-16-12 CIA's Talking Points Were 'Edited' to Play Down Terrorism...
Director Knew Immediately Al Qaeda-Linked Group Responsible for Benghazi...
... ELEMENT REMOVED FROM SUSAN RICE'S TALKING POINTS
FLASHBACK: What she said...
House women: Criticizing Rice 'racist, sexist'... { I’m still too niggered out for words! What a pathetic failed nation! }
Lawmakers shown video of envoy being dragged out...

SOCIALITE WHO BROUGHT DOWN PETRAEUS DINED AT WHITE HOUSE THREE TIMES THIS YEAR...
Air Force Base Scrub List of 'Friends'...

Ron Paul's farewell speech...
Declares Internet alternative to 'government media complex'...

The Worst Economic Numbers In More Than A Year

http://theeconomiccollapseblog.com

http://albertpeia.com/terribleeconomicnumbers.htm

{ Post-election, of course! }

What Really Happened When Lehman Failed… And Why Spain Will Be Much Worse

November 15, 2012 http://gainspainscapital.com

http://albertpeia.com/reallehmanspainworse.htm

Countless pages have been written about why Lehman caused the system to almost implode. However, the reality is that Lehman nearly took down the entire financial system for two reasons:

#1)   Lehman’s $155 billion worth of bonds were used as collateral in hundreds of billions of Dollars’ worth of trades.

#2)   Lehman’s 8,000 clients who were all using Lehman to make trades saw the collateral that they had placed with the firm (to backstop their portfolios) frozen…’

The Bernanke-Obama-Keynes Toxic Triangle Dead End

How America's Middle Class, And Future Pensioners, Bailed Out A Generation Of Overzealous Homebuyers

Guest Post: The FHA Is Blowing Up: Bad News For The Housing Market

Submitted by Tyler Durden on 11/15/2012

The FHA has been the key element to the phony “housing recovery” the government has been trying to create.  In the wake of the collapse of 2008, Fannie Mae and Freddie Mac blew up and what was left to pick up the pieces was the FHA.  No private player would issue loans with down payments of 3%, but this was no problem for the FHA! Well - yes! "The Federal Housing Administration is expected to report this week it could exhaust its reserves because of rising mortgage delinquencies" This is a big deal.  The FHA is already in trouble despite a miraculous “housing recovery” and we haven’t even hit a severe cyclical economic slowdown yet, which is almost certain to occur in 2013.  What shambles do you think the housing market will be in once that happens and the last backstop to housing is broke?

Bernanke Laments Lack Of Housing Bubble, Demands More From Tapped Out Households

The Hopium Is Now Depleted

Initial Claims Soar To 439K, Non-Seasonally Adjusted Surge By Whopping 104,548 In One Week

11-15-12 JOBLESS...
INFLATION...
POVERTY...
RECESSION...

RADIO HOST CALLS FOR 'SECOND AMERICAN REVOLUTION'...
SECESSION MOVEMENT EXPLODES...

DENNY'S to charge 5% 'Obamacare surcharge' and cut employee hours...

Postal Service Loses Record $15.9 Billion...

Faber: Prepare for Massive Market Meltdown...

OLIVER STONE: 'I find Obama scary'...

PETRAEUS RESIGNS OVER 'AFFAIR'

http://albertpeia.com/daves111412chart.gif

THE Biggest Story in Finance That No One Is Talking About

http://albertpeia.com/derivativesdebtdefaultovervaluedsecurities.htm

InVeRTeD MaRXiSM In AMeRiKa... Posted by: williambanzai7 Post date: 11/14/2012 - 14:33 Socialism for the wealthy, capitalism for the poor... {Yeah, this is well said; and, also when convenient in terms of wall street frauds/bailouts, the corollary strategy apposite here is their modus operandi of privatizing gains and socializing losses. All in plain sight, with a little help from their friends of course: The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). }

There Will Be War In The Middle East { There will be blood! }

http://albertpeia.com/warandmiddleeast.htm

11-14-12 SECESSION MOVEMENT EXPLODES...

Krauthammer: White House 'Held Affair Over Petraeus's Head' For Favorable Testimony On Benghazi...

Just days after election, Obama battles salacious scandals...
First press conference in months set for today...
POLITICO: 'Hard questions await'...

HAMAS: STRIKE 'OPENED THE GATES OF HELL'

Faber: Prepare for Massive Market Meltdown...

OLIVER STONE: 'I find Obama scary'...

PETRAEUS RESIGNS OVER 'AFFAIR'

Was Slated to Testify on Benghazi Next Week...
'Timing Is Just Too Perfect'...
Lawmakers Considered Calling For Resignation In October...
FBI SPIED ON CIA DIRECTOR, WOMAN; EMAILS?

Dear Drudge: Stop the race {reality} stories { No, Drudge…keep the real news coming…though the chimps are incapable of shame, let others, facilitators all, feel the blame! }...

Assange: Obama a 'wolf in sheep's clothing'...

Obama Administration Shuts Down Oil Drilling Out West...
STOCKS FALL 3% SINCE RE-ELECT...

COMPANIES PLAN MASSIVE LAYOFFS AS OBAMACARE BECOMES REALITY...
Utah company fires 100, blames Obama...
CEO reads prayer to staff, announces layoffs...
Floodgates open on new health regs...

Clinton to Step Down 'Days' After Inauguration...
HOLDER EYES EXIT...

Obama Administration Shuts Down Oil Drilling Out West...
STOCKS FALL 3% SINCE RE-ELECT...

RECORD 70.4 Million Enrolled in Medicaid: 1 Out of 5 Americans...

NYC rations gasoline; expected to last weeks...
Man waits 30 hours for gas...
Liquor drought...
Prison For Displaced Victims?
Power Loss Tests Limits...
11 days after Sandy...
'Ready to snap'...
Nightmare in shelters...

RON PAUL: Election shows U.S. 'far gone'...

Public pension funds face vast shortfall Marketwatch

Will The Wealthy Race To Dump Stocks And Other Financial Assets Before The Fiscal Cliff Kicks In? http://albertpeia.com/dumpthecliff.htm

22 Signs That Voter Fraud Is Wildly Out Of Control And The Election Was A Sham http://albertpeia.com/22signsvoterfraudelectionsham.htm

Marc Faber: Prepare for a Massive Market Meltdown

CNBC | The markets are going to go into meltdown soon, so expect stocks to lose 20 percent of their value, Marc Faber, author of the Gloom, Boom and Doom report told CNBC on Tuesday.

Public pension funds face vast shortfall

22 Signs That Voter Fraud Is Wildly Out Of Control And The Election Was A Sham

http://albertpeia.com/22signsvoterfraudelectionsham.htm

5 mistakes retirees make choosing a Medicare plan

How to choose a health-care plan

11-13-12 Budget deficit rises to $120 billion in October...
...jumps 22%

Stocks continue post-election drop...
Faber: Prepare for Massive Market Meltdown...
Wealthy Dump Assets...

Chinese Yuan Hits Record High Against US Dollar...

Lawmaker asks to be paid in gold...

Starving Horses Serious Problem As Hay Prices Continue To Skyrocket...

HENTOFF: Obama win is Constitution's loss...

FOUR-STAR CIRCUS

General sent thousands of 'inappropriate' e-mails to woman who reported harassment by Petraeus's mistress...
FBI agent banned from probe after he 'grew obsessed' and sent her shirtless photos...
REPORT: Gens. Petraeus and Allen intervened in nasty child custody battle...
Petraeus personally investigated Benghazi attack...
Emails that touched off scandal described CIA director's movements...
Case Raises Fears About Privacy in Digital Era...

Hillary can't make House hearing on Benghazi; busy visiting friends, wine tasting in Australia...

MYSTERY: Broadwell's driver's license found in D.C.'s Rock Creek Park...
'I Had Access To Everything'...
Petraeus, mistress used e-mail trick employed by terrorists...

Election Fraud? Obama Won More Than 99 Percent Of The Vote In More Than 100 Ohio Precincts

http://albertpeia.com/wobamaelectionfraud.htm

The Market Just Realized Two BIG Problems

http://albertpeia.com/2bigproblems.htm

‘The US Presidential election ended November 6, 2012. Since that time, the market has fallen 3%. There are a multitude of reasons for this, but the primary one is the fact that the markets is beginning to realize two key items:

1)   Everything that was a problem in the run up to the US election is still a problem (in fact many issues are now worse than they were a few months ago).

2)   Having engaged in pre-emptive and extreme actions to keep things calm in the run up to the election, the US Fed and ECB have run out of effective monetary bullets…’

Samsung Hikes Apple Component Price By 20%

Submitted by Tyler Durden on 11/12/2012

Two months ago, when we commented on Apple's pyrrhic courtroom victory in which it managed to halt sales of older generation Samsung smartphones - a "victory" which would backfire with Samsung phone sales soaring, while AAPL results missed, forcing the company to accelerate its product launch cadence to a ridiculous 3 months with news that the iPhone 5s is already in the works a month after the launch of the iphone 5 -  we said "The paradox here is that AAPL's victory is quite pyrrhic: if and when Samsung feels sufficiently threatened, it can just pull a Gazprom and halt the supply of mission critical components to the world's biggest publicly traded company." Naturally, the hyperbolic all out response would mean an immediate nuclear war of attrition between the two electronics giants. Instead Samsung would be even better served to show Apple who is boss in quantized increments. Today, it has done just that, forcing Apple to swallow a 20% price increase on hundreds of millions of Samsung application processors used in iPads and iPhones. "Apple first disapproved it, but finding no replacement supplier, it accepted the (increase.)" Game, set, match Samsung.

The Devil You Know

Submitted by Tyler Durden on 11/12/2012

Many Americans voted for “the lesser of two evils” and were disappointed in the result.  This must have been an emotional double whammy in the sense that not only did the guy you disliked so much that you were willing to vote for a candidate you didn’t like win, but you didn’t vote your conscience. What allowed Mike Krieger to do this was the complete and total recognition that under both major candidates America loses. His major issues are:

1. The Federal Reserve scam and Wall Street theft.
2. Civil liberties and the destruction of the Constitution.
3. Our aggressive foreign policy and imperial wars abroad that help only the oligarchs and impoverish the masses.

The country has cancer, not a common cold, and our response therefore must be much more serious than either of these corporate candidates are willing to commit to. Unfortunately, it will get ten times worse in the coming years, and we strongly believe that 2013-2016 will be a historic period in the political transformation of the United States.  The show is over.  It’s time to buckle up.

The Gini Is Out Of The Bottle: Did China "Outcapitalism" The US, Or Did America "Outcommunism" China?

Guest Post: America Isn't The Greatest Country Anymore

Submitted by Tyler Durden on 11/12/2012

It may seem blasphemous on such an important day of remembrance to suggest that what is being protected is somehow not as worthwhile as it once was but as Street Talk Live's Lance Roberts shows America is no longer the greatest country in the world - based on numerous statistics... 7th in literacy, 27th in math, 12th in prosperity...You get the idea.  The rise of economic strength was built on the backs of hard working Americans who built stuff from skyscrapers to railroads.  We farmed, we produced and we raised families.   The pride of "built in America" was the flag that we waved. America has become a debtor nation and the cancer of debt has eroded our economic prosperity…  Newsroom's Will McAvoy is right: "The first step in solving any problem is recognizing that there is one."

The UK's Most Disturbing Number: Total Unfunded Pension Obligations = 321% Of GDP

11-12-12 ABCNEWS: PETRAEUS COULD FACE CHARGES
'Bombshell story is just a smoke screen for something bigger'...
CIA Disputes Broadwell's Benghazi Comment...
Ghostwriter: 'I always wondered why he was granting her access that he did'...
FBI Agents 'Raid Home of Mistress'...

UPDATE: In 59 Philly divisions, Romney did not get A SINGLE VOTE!
Food Stamps Surge By Most In Year To New All Time Record; Delayed Release...

Feds to cut food stamps for poor in Ohio...

UPDATE: White House deluged with petitions for secession...
TEXAS GETS REQUIRED 25K SIGNATURES...

FLORIDA: Gas for $6.44 a Gallon...

GEORGE BUSH ACCIDENTALLY VOTES FOR OBAMA http://albertpeia.com/hessuchadope.htm { He’s such a dope! } { Forget the ‘new bush’ (george p. bush), same as the old bush … poor Texas … wants to finish the job of destroying the GOP and america. Even Reagan was not unscathed … cocaine distribution under the guise of some vague alleged black op with obfuscating global skullduggery … that has incompetent senior bush written all over it … spelled Iran Contra … they do it for the money and primarily because they can’t do anything else well and think they’re entitled to wealth however and by whatever means achieved … http://albertpeia.com/CIAAgentAffidavit1.jpg }

OLIVER STONE: 'I find Obama scary'... { Indeed! }

Share This Massive List Of Post-Election Firings And Layoffs With Everyone You Can

http://theeconomiccollapseblog.com

http://albertpeia.com/postelectionfiringslayoffs.htm

The Politicians We Have Chosen Reflect Who We Are As A Nation

http://theeconomiccollapseblog.com

http://albertpeia.com/politicalmirror.htm

The Videos Every Investor Needs to See

November 9, 2012 http://gainspainscapital.com

http://albertpeia.com/videosinvestorsmustsee.htm

HSBC accused of helping British drugs and arms dealers launder money by opening thousands of bank accounts in Jersey

Daily Mail | Britain’s biggest bank has been accused of helping drug-dealers and gun runners launder money and evade tax in Britain with offshore accounts.

Is The 29 Hour Work Week Coming As Employers Seek To Escape The Obamacare Mandate?

Craig Bannister | Companies are reportedly planning large layoffs due to the implementation of Obamacare.

16 Quotes That Show How Much People Are Freaking Out Over Four More Years Of Obama

http://thetruthwins.com

http://albertpeia.com/16quotesfreakout.htm

Dutch court says Samsung does not infringe Apple patent [ Though contrary, american courts almost without exception and the federal system generally, are so corrupt and lacking in credibility that they really deserve no precedential, jurisprudential respect…and get none. From my direct experience: One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). ( I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! http://albertpeia.com/selfdefense.htm ) ]

The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die

http://thetruthwins.com

http://albertpeia.com/allfornaught.htm

[ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

19 Numbers Which Prove That America Is Turning Away From Christianity

http://albertpeia.com/19numbersusturningfromchristianity.htm

Warnings That A Massive Stock Market Crash Is Imminent http://albertpeia.com/massivestockmarketcrashimminent.htm

MiND oF a KeYNeSiaN

http://albertpeia.com/catsareamazing.htm

American Media Drums Up Support for War … Again Posted by: George Washington Post date: 09/28/2012 - Israel Versus Iran: What’s REALLY Going On …Will Israel Blow Up Something and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and nobody else came. After all, israel will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good for israel is not so good for the rest of the world, and america particularly. Indeed, israeli agents were caught cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission accomplished? It was rather pathetic if not absurd to see netanayahoo talk about the ‘Iranian red line’ when israel’s past the red line many times over with their illegal nuke program and deployment of in excess of 200 illegal, undeclared nukes. }

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

http://albertpeia.com/todaysbusinesssummarylinks.htm

http://albertpeia.com/fbimartinezcongallard.htm

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

http://albertpeia.com

What in the World Has Happened to the FBI/DOJ?
FBI Nazi Bikers Bust FBI Nazi Group http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm

11-9-12 OLIVER STONE: 'I find Obama scary'...

PETRAEUS RESIGNS OVER 'AFFAIR'

Was Slated to Testify on Benghazi Next Week...
'Timing Is Just Too Perfect'...
Lawmakers Considered Calling For Resignation In October...
FBI SPIED ON CIA DIRECTOR, WOMAN; EMAILS?

Dear Drudge: Stop the race {reality} stories { No, Drudge…keep the real news coming…though the chimps are incapable of shame, let others, facilitators all, feel the blame! }...

Assange: Obama a 'wolf in sheep's clothing'...

Obama Administration Shuts Down Oil Drilling Out West...
STOCKS FALL 3% SINCE RE-ELECT...

COMPANIES PLAN MASSIVE LAYOFFS AS OBAMACARE BECOMES REALITY...
Utah company fires 100, blames Obama...
CEO reads prayer to staff, announces layoffs...
Floodgates open on new health regs...

Clinton to Step Down 'Days' After Inauguration...
HOLDER EYES EXIT...

Obama Administration Shuts Down Oil Drilling Out West...
STOCKS FALL 3% SINCE RE-ELECT...

RECORD 70.4 Million Enrolled in Medicaid: 1 Out of 5 Americans...

NYC rations gasoline; expected to last weeks...
Man waits 30 hours for gas...
Liquor drought...
Prison For Displaced Victims?
Power Loss Tests Limits...
11 days after Sandy...
'Ready to snap'...
Nightmare in shelters...

RON PAUL: Election shows U.S. 'far gone'...

UPDATE: Man Beaten During Giants World Series Victory Celebration Dies...

Obama weeps again...

Record snow adds to woes in Sandy-struck region...
FEMA office on Staten Island closed 'due to weather'...
Despair deepens...
TAX HIT THREATENS VICTIMS...
Looting Reaches Epidemic Levels...
Gas Crisis Could Last Weeks...

WALL STREET ALARM...
Stocks 'cringe'...
'SUGAR HIGH' ENDS...

LIMBAUGH: 'I went to bed last night thinking we lost the country'...
HANNITY: 'Allure And Appeal Of Socialism Has Taken Hold'...
LEVIN: 'Unvarnished Truth' On Romney Loss...
SAVAGE: 'Our society is being turned into prison camp'...

California Votes for Higher Taxes...

OBAMA WINS 39% OF (SELF-DESTRUCTIVE, SELF-LOATHING) WHITES...

ANTI-OBAMA PROTESTS ESCALATE AT UNIVERSITY

Athens Erupts in Riots During Key Austerity Vote...

Election Judge Wears Obama Cap While Checking in Voters in Chicago Ward...

Obama Mural in Philadelphia Polling Place...
UPDATE: Judge orders mural to be covered...
Obama Poster Hanging in Florida Polling Station...

Black Panthers Return to Philly Polling Site...
VIDEO...
GOP poll inspectors being forcibly removed -- replaced by Democrats...
Judge issues order to reinstate...
CHAOS...

FINAL RASMUSSEN: R 49% O 48%...
FINAL BATTLEGROUND: O 47% R 47%...
Goeas: Romney 50.3%, Obama 48.8%...
R 40,454,933
O 39,423,072*
FOUR MORE TEARS

BIDEN: 'I'm Going To Go Back Home, Run For County Council Or Something'...
Who Wants A President Who Will Lie To You? Asks -- BILL CLINTON? { Well, we all know of the many crimes of clinton, we must forget his televised proven lie since he didn’t know what the meaning of the word ‘is’, is. Another psychopathic mental case rivaling wobama’s own psychogenic/dissociative amnesia. }

Rep. Jesse Jackson Jr. wins reelection -- from Mayo Clinic!

GALLUP: R 50% O 49%...
RASMUSSEN: R 49% O 48%...

NOONAN: IT'S ROMNEY...
Fred Barnes: Why Romney Will Win...
Romney winning independents 59%-35%...

Romney internal polls put him UP in OH, TIED in PA and WI...

'Thousands of ballots' unlikely to reach military voters in time...

GENERATION DEBT: Every American Under 18 Now Owes $218,676...
'Per Person Debt Now 35 Percent Higher than that of Greece'...
NY DAILY NEWS ENDORSES -- ROMNEY?

21 NEWSPAPERS SWITCH TO ROMNEY...
NY DAILY NEWS: 'Hopes went unfulfilled'...

FL: R 52% O 47%...
MI: R 47% O 46%...
VA: R 50% O 48%...
OH: O 49% R 49%...

Fearing Romney victory, EPA plans post election anti-coal regulation...

CBS releases even more unseen footage from Obama interview after Benghazi attack...

Obama, not-so-happy warrior...

Red-state Dems fight Obama drag...

Obama favored in his ancestral Kenyan village...

Romney draws huge crowd in PA...
500 retired generals, admirals announce support...
Obama Ignores Question About Storm Victims' Frustrations...
Fear of the Dark...
Con Edison Distributing Dry Ice...
FEMA Out Of Water, No Delivery Until Monday...
FREE FUEL FOR EVERYONE!
2-mile line on Staten Island...
CONFUSION: Gov't tells public to stay away until first responders fuel up...
Residents arm up: Bats, machetes, shotguns...
'It's Like The Wild West'...
'Anarchy in Queens'...
ODD-EVEN: NJ counties enact Carter-style gas rationing...
DICK MORRIS: Obama Hit By Storm Backlash...

MOTHER OF SEAL: 'I BELIEVE OBAMA MURDERED MY SON'...
Security officials on the ground in Libya challenge CIA account...
REPORT: U.S. considered moving Benghazi consulate month before deadly attack...
Papers blast president's response...
RUDY CALLS ON BARRY TO RESIGN!

FL: R 51% O 45%...

NYT: PA 'tilting toward Romney'...
MI: R 47% O 46%...
Candy Crowley: 'President Romney'...

PA POLL JOLT: O 47% R 47%

Bill Maher to Romney Supporters: 'Black People Like Vanilla Fudge Nut maher Know Who You Are and They Will Come After You'...
REPORT: Obama supporters step up riot threats...
Black pastor receives death threats after reversing support...
Black Americans still back Obama despite steep plunge in their economic fortunes...
SHOCK POLL: Minnesota a toss-up...

REPORT: NAACP Takes Over Houston Polling Station, Advocates for O {and are acting like the uncivilized, lawless niggers they are!}...

Service members purged from voter rolls in Florida...

30,000 turn out in Ohio for Romney...
Obama plays for just 2,800...
CLEVELAND 2008: 80,000; CLEVELAND 2012: 4,000...
Just 200 show up for event with Stevie Wonder!

ABCWASHPOST: R 49% O 48%...
RASMUSSEN: O 48% R 48%...

Campaign 2012
BARONE CALLS RACE FOR... Barone: Going out on a limb: Romney beats Obama, handily November 2, 2012 | 4:58 pm

'Let's Win This Motherfu**er!': White House Official Delivers Shock Speech...
ROMNEY HEADS TO PA!

POLL: 63% Want Obama 2nd Term -- in China...

OCTOBER UNEMPLOYMENT UP: 7.9%...
RATE HIGHER THAN WHEN OBAMA TOOK OFFICE...
Promised 5.2% rate by Oct 2012...
President Faces Voters With Highest Unemployment Of Any Incumbent Since FDR...
ROMNEY: 'Sad reminder economy at virtual standstill'...
Incomes Continue to Decline...
Long-Term Rate Rises to 40.6%...
Blacks to 14.3%...
Food Stamp Growth 75X Greater than Job Creation...

BIDEN: 'There's Never Been A Day In The Last Four Years I've Been Proud To Be His Vice President'...

Joe Biden: 'I'm Going To Take A Vacation'...

Entire Minneapolis Police Force Gets Death Threat After Gang Member Shot Dead...

Drivers Waiting 6 Hours For Gas in NYC...
Tempers Rise in Wake of Storm...
'Finding bodies left and right'...
Restaurant, hotel prices skyrocket...
CHUCK SCHUMER CONFRONTED: 'We Are Gonna Die!'
CRAIGSLIST: $15 a gallon...
Utility workers pelted with eggs...
Misery...
'We have nothing'...
Residents Furious RED CROSS Offering Cookies & Hot Chocolate, Not Blankets Or Clothes...
Jet Fuel Supply Fast Becoming Concern At Airports...
Staten Islanders Plead for Help: 'We Need Food'...
'Please don't leave us'...
VIDEO: Stranded New Yorkers Defecating in Apartment Buildings...
DIRE...
NJ counties enact 70s style gas rationing... Developing...

ABCWASHPOST:O48%R48%...

Republican National Committee alleges voting machine troubles in Nevada, other swing states...

Gas Shortages May Not End for Another Week...
Fear Turns to Frustration, Anger...
Fistfights, Guns Drawn...
'You're not getting gas tonight'...
Lines grow...
Some Siphoning From Cars!
'I'm pretty pissed'...
Troopers deployed to gas stations...
Stars throw extravagant Halloween party despite destruction...
Commuter Delays Rage...
NYC Official: Red Cross 'Absolute Disgrace'...
Looters Dress Like Con Edison Workers to Gain Access to Houses...
Staten Islanders Plead for Help: 'We Need Food'...

OBAMA LEFT THEM BEHIND: HUNGRY DUMPSTER DIVING IN NYC

BLOOMBERG PLAYS POLITICS WITH SANDY; ENDORSES O AS 'CLIMATE CHANGE' LEADER...
State Dept never called for military back up...
BUCHANAN: Hillary's head should roll...

New ADP Count Slashes Job Creation for September...

NY state asks feds to cover all $6 billion in storm costs... { Between wall street frauds/bail outs, outright theft from the new york fed, etc., in the trillions, what a national drain new york is! }
Tempers flare in NJ city where thousands stranded...

DAILY CALLER: Women claim Sen. Bob Menendez [D-NJ] paid for sex in Dominican Republic...
VIDEO...
'We're not going to respond'...
FLASHBACK: Senator Called for Secret Service Agents to be fired over prostitution scandal...

Republican National Committee alleges voting machine troubles in Nevada, other swing states...
James Baker: 'Not Entirely Unlikely That We Might Have A Recount'...

DICK MORRIS: Here comes the landslide...
Romney Campaign: The Fundamentals Favor Us...
Rove: Sifting the Numbers for a Winner...

Denver Dem Mayor Goes To Wisconsin And Says Obama Getting Beat In Early Voting...

New ADP Count Slashes Job Creation for September...
OHIO: MORE VOTING PROBLEMS AS BALLOT CAST FOR ROMNEY COMES UP OBAMA...

Congress steps up demands for info on Benghazi attack...
White House dodges...
FACEBOOK Censors Navy SEALS to Protect President...
'The mysterious media Benghazi bugout'...
Hannity on WH Audio Tapes: 'I've Heard They Are Damning'...
WASHPOST: 'LINGERING QUESTIONS'...
LENO: 'Don't ask, don't tell is back ... Obama's new policy for questions about Libya'...

REPUBLICANS HAVE WON EVERY NOV 6TH PRESIDENTIAL ELECTION SINCE 1860...

Dianne Feinstein: No need to debate Republican opponent... { Riiiight! Things are going so swimmingly (as in drowning) for the nation and california particularly. Actually, I responded to a ‘generic’ email / facebook request from her with my subsequent request that she help to elicit a formal response from the FBI as promised regarding the RICO matters (the other incompetent, failed perrenial senator barbara boxer actually had ‘made her presence known’ in the corrupted process regarding usdcj matz/lester and the default of the u.s. which missed the filing date which error was compounded by the misstatement of the rule in court on the record by asst. us attorney robert i. lester); but, no response... http://albertpeia.com/selfdefense.htm [ One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! ]

11-5-11 Dear Congresswoman Roybal-Allard:

The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:

‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’

Sincerely,

Albert L. Peia

America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm

Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

, Guest Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words! It’s been my direct experience for quite some time now and is quite a pathetic scenario! } Legal precedent means nothing. Rule of law means nothing. Free speech means nothing. Their own treaties mean nothing. It’s unbelievable. Anyone in the west who honestly thinks he’s still living in a free society is either a fool or completely out of touch. If that seems too radical an idea, consider that ECUADOR is now the only nation which stands to defend freedom and human rights against an assault from the United States, the United Kingdom, and their spineless allies. The west has just become a giant banana republic. Have you hit your breaking point yet? If not now… when? { { I’m really constrained to interject my own direct experience with the FBI here; and, I must say I do so lamentably. If you want no real results vis-à-vis organized crime which now extends to the upper reaches, highest levels of the corrupt u.s. government, go to the FBI. I discounted the new jersey FBI as just typical corrupt, mob infested jersey which thinks in terms of discos/casinos. But, truth be told, they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their (understated) crime stats for even a second. I’m beginning to feel foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters directly who seem to have at least some sense of the magnitude of the fraud involved and the pervasive corruption of the system and government and maybe a semblance of honor in this nation of protracted decline. It never would have occurred to me back when for me, such a choice/decision was clear-cut and simple. Such a course as mine I no longer could recommend inasmuch as there is little difference between state/government sponsored crime/corruption and that perpetrated by other criminal elements, from my direct experience with both, infra: Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some federal workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the properties in my proceedings for which surplus funds are unaccounted for was a top floor balconied 2 bedroom 1 and 1/2 bath condominium (beach/boardwalk front w/indoor pool/sauna) in seaside heights, n.j. –10-31-12 Post Sandy: I’m wondering if it’s still there. ). But debauchery an american specialty? Another rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in the illegal drug trade). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city boy louis freeh, labeled by former Prosecutor Larry Klayman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.

New Yorkers in fuel scramble as storm-hit pumps dry up...
Sewage, Bacteria, Gasoline Found in Floodwater...
Phone addicts suffer withdrawal...
Looters target Coney Island...

Feds to hit borrowing ceiling at year-end...

GALLUP: ROMNEY UP 52%-45% AMONG EARLY VOTERS...

REPORT: GOP voting tsunami coming...

POLL: Obama dominates Romney -- in Russia...

Romney suddenly plunging onto Democratic turf...
MSNBC Ridicules Romney for Collecting Food, Supplies for Sandy Victims...

FACEBOOK Censors Navy SEALS to Protect Obama on Benghazi...

Michael Moore/MoveOn.org: We will burn this motherf*cker down and c*ck-punch Romney...

THE MORNING AFTER
PHOTOS: SHOCK AND AWE...

DEATH TOLL CLIMBS ABOVE 45...
Northeast airports, transit systems slowly start moving again...
Crippled NYC subways could hamper recovery...

ELECTION PROJECTION: R 52% O 47%...
GALLUP MONDAY: R 51% O 46%...
OH: R 50% O 48%...

MN: O 47% R 44%...
GALLUP: Obama's Job Approval Drops 7 Points in 3 Days...
Adopts tone of challenger...
DES MOINES REGISTER Endorses Romney...
OLIVER STONE RIPS PREZ: 'Took bad situation, made it worse'...

CHICAGOLAND: 435th Homicide Matches Total For All Of 2011...

Romney hits auto bailout as CHRYSLER moves Jeep production to China...
OBAMA: 'Hurts my feelings the most'...
Report: FIAT now says Jeep may move to Italy...

Vandal Keys 'Obama' Into Cars Of Residents Supporting Romney...
Large Amounts Of Nails Dumped In Parking Lot At Tea Party Rally...
Church sign defaced...

Madonna booed after touting Obama during Concert...

REPORT: Obama camapign takes money from 'Osama bin Laden'...

Water Level at Battery Park Reaches 11.25 feet, Surpassing Record Set in 1821...

Gangs Plan Hurricane Looting Spree Via TWITTER...
CT Gov. Closes All State Highways: 'Most Catastrophic Event We Have Faced In Any Of Our Lifetimes'...
'People Are Going To Be Fighting In The Streets Over Gasoline, Food'...
NATIONAL GUARD DEPLOYED...
UPDATE: 9,000 Flights Cancelled...
ANOTHER BLOW DAY: Federal offices in DC shut down again...

Absentee ballots sent to U.S. military serving in Afghanistan 'destroyed in crash'...
Romney seizes on sluggish growth figures...
Burning through O's 'firewall'...
Desperation? White House Considering New Tax Cut...
R 51% O 46%...
R 50% O 47%...
R 49% O 48%...
Bust of Barack Obama's head -- made of butter! -- tours the streets of Chicago...{ And not vice versa (as in that far from reality fairy tale vis-à-vis the big Cats: the Tigers say, ‘No Way!’) as (b.s. black) sambo(bama) is goin’ down (deservingly so) for the count! }
REPORT: Vanloads of Somalians driven to the polls in Ohio... { ‘Is voter fraud being committed in Ohio?..According to the Somali Community Association of Ohio’s web site, over 45,000 Somalis live in Ohio. Only 40 percent have become citizens of the United States, and only 25 percent speak English well enough to get a job..’ …Yes, they are typical dumb niggers for wobama! }

KRISTOL: Petraeus Throws President Under Bus... {Oh, right! Petraeus doesn’t fall on his sword and sacrifice himself for the incompetent liar in chief called ‘0’ as did hillary clinton; so somehow in some twisted way that becomes Petraeus’ fault.}

Senators demand White House declassify Libya video...
CIA OPS 'DENIED HELP' THREE TIMES DURING BENGHAZI...
Father of Slain SEAL: Who Made the Decision Not to Save My Son?

OBAMA DODGES DURING LOCAL TV INTERVIEW...

In Iowa, disappointment with Obama runs deep...

Iconic NY Steakhouse 'Gallagher's,' Which Survived Great Depression, Is Closing...

Taxpayer-funded 'green' company investigated for fraud...
AUDIT: Green jobs stimulus program had 16 percent success rate...
Over $60,000 in Welfare Spent Per Household in Poverty...

Historical treasures missing from National Archives...{Yeah…time to check Fort Knox, New York Fed ($4 trillion already previously has been reported missing).}

Romney signs, American flags torched in veteran's yard... { Terrorists at work for wobama! }
R 50% O 47%...
R 50% O 47%...
R 50% O 47%...

MI: O 47% R 47%...
DETROIT NEWS endorses Romney...

Wisconsin company announces layoffs ahead of Biden arrival...

October Sets New Record For Disability Claims: 8,803,335 Collecting Benefits...

SHOWDOWN! TEXAS VOWS TO ARREST UN ELECTION 'OBSERVERS' { Yeah, the u.n. has the stand-in role for the wobama/holder-protected black panthers as pro-o intimidators.} ...

Father Of Slain SEAL: Obama 'Could Not Look Me In The Eye...Like Shaking Hands With Dead Fish'...

Video snags Dem boss in vote fraud...
Son resigns...

'HE'S A BULLSHITTER'... { Yes, obama is an incorrigible b***s***ter! He’s gotten by on b***s*** and special nigger consideration his entire life. He is a total embarrassment! } ‘Four years after he was elected as a self-described 'hopemonger' promising a new post-partisan era, President Barack Obama is trying to claw his way to re-election with an ugly, divisive campaign in which he is playing the role of fearmonger-in-chief…’ { He’s a desperate, failed megalomaniac who is also a pathological liar along with other mental issues/troubles ( WH: 'We Decline to Comment' on When President Learned of E-Mails... ) Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }

Did the final presidential debate do anything to influence who you will support in ... NBCNews.com  { The following comment is correct. The other aspect is that people are seemingly pathetically ignoring that O’s last 4 years have been an abject, utter failure in spectacularly unprecedented fashion. A sad commentary on the state of the nation when such blatantly clear reality is ignored by so many, including those who should know better.} ‘Obama has told no truth in 4 years. He can't wave his hand and ignore sequestration. We need a leader not a liar. Romney is our only choice.’

O Booed at university's Military Appreciation Day football game...
RASMUSSEN: R 50% O 46%...
GALLUP: R 51% O 46%...
R 50% O 46%...
R 50% O 47%...
R 49% O 48%...
R 47% O 46%...
OHIO: R 48% O 48%...
MI: O 47% R 47%...
Fmr Dem Chair: CO 'Worst Swing State'...
Romney, Ryan draw massive crowds in Colorado...
GOP moves into Wisconsin...
Emails detail unfolding Benghazi attack on September 11th...
6:07 PM 9/11/12: 'Ansar al-Sharia Claims Responsibility'...

HE KNEW

Obama challenges press to find flip-flops -- and they do...
Woodward: President 'mistaken' on sequester...

Clint: 'Second Term Would be Rerun of First'...

Chicago Store Owner Labeled Racist For Anti-Obama Signs...
Police: Black Woman Lied About KKK Setting Her On Fire...

Obama Has Massive Lead -- in Other Countries...
TRUMP TO OBAMA: Release college, passport applications, I'll donate $5 million to charity of choice...
Goes bust on TWITTER...
ALLRED MET OBAMA TWO WEEKS BEFORE 'OCTOBER SURPRISE'
ALLRED HITS DEAD-END IN ROMNEY DIRT DIG?
2ND HEARING SET...

SURPRISE: Feds sue BANK OF AMERICA...

RASMUSSEN: R 50% O 46%...
GALLUP: R 51% O 46%...
POLLS: ROMNEY TAKES LEAD IN FAVORABILITY...

VIDEO: Romney Wins CBS Focus Group In Ohio...

With two weeks to go (feet to the fire), president releases second-term plan (Sounds like a … non-plan; after all, what has wobama ever said/promised in a campaign that’s come to fruition … right!… 0 as in zero as in O..bama) ...

STOCKS ROCKED: DOW -200...
Obama Supporters Continue Threats To Riot, Assassinate Romney... { Tweets Reveal Obama Supporters Fueled by ‘Racial Hatred’ Paul Joseph Watson | Chris Matthews gets it wrong again. (Indeed he does!) }
MSNBC crowd boos 9-year-old girl for supporting Romney... {Oooooh! Wobamanoids are so effective in targeting the ‘opposition’!}
Son Of WI State Senator Attacked Protecting Romney/Ryan Sign... ...
5-year-old girl raised by monkeys... [ Come on … leave wobama’s daughters out of this……….. my payback (Do not talk to President Romney that way!) for President 'insulted, patronized, mocked' his opponent... What can wobama say? He has but a record of abject failure to run on! And, the record IS unequivocally utter failure! All the choom fantasy, fellow nigger intimidation and threats will not change that fact! ]

GALLUP MONDAY: R 51% O 45%...

GALLUP: R 52% 0 45%...

CO: R 50% O 46%...

Image of Romney crops up in Iowa farm field...

Chavez, Castro, Putin ( among others in the ‘pro-america’ block ) endorse Obama...

ISSA TURNS UP HEAT ON SEBELIUS...

FABER: Cut US Govt. By 50% Now!

PAPER: Obama's Blind Eye to Illegal Donors...

Taxes go up in 2013 for 163 million workers...

Man busted for throwing pennies into Dem HQ; 'All he has left after being taxed by Obama'...
SIMON: Should Obama Resign Tonight?
International (pro-obama) monitors to watch US elections...
Obama Campaign Borrows $15M from Bank of America...
Gov't Foreign Debt Now $47,495 Per Household...
$10,090/Household Owed to China...
{ Nigger Terrorist at Work Mass Shooting At Brookfield Square Mall In Wisconsin Submitted by Tyler Durden on 10/21/2012 Breaking news of a mass shooting at the Azana Salon and Spa at the Brookfield Square Mall. Details still scarce but at least 4 people reported wounded and 3 more patients expected, emergency responders are on the ground, and the mall has been put on lockdown. The shooting suspect, who is said to have used a machine gun, is still at large. Updates via @USEmergAlerts: BROOKFIELD SQUARE | U/D SUSP BLACK MALE 6'1" 270 LBS. BALD. BROWN EYES U/D BPD RQST A MILWAUKEE SWAT TEAM & FLIGHT FOR LIFE IS ALSO LANDING AT THE NE CORNER OF BROOKFIELD SQUARE | UEA555 }

Son Of WI State Senator Attacked Protecting Romney/Ryan Sign... ...

REALCLEAR MAP: Romney takes first lead in electoral college...
Closing 26-point gap, Romney's favorability rating tops Obama's for first time...
PA SHOCK POLL: R 49% O 45%...
VA: R 50% O 47%...
FL: R 51% O 46%...
GALLUP: R 51% O 45% (10-19-12)...

Lifetime Democrat Lee Iacocca Endorses Romney...

Jesse Jackson Jr. may return to Mayo Clinic...
Off campaign trail since June, checks still paid to wife's consulting firm...
Has spent $110,000 since Rep dropped off...

CHICAGOLAND: Pack of Teen Girls Arrested For Armed Robbery...

GALLUP: R 52% O 45%...

PA SHOCK POLL: R 49% O 45%...

WELFARE SOARS 32% IN 4 YEARS...
Now costs $1,030,000,000,000...
Jobless claims rise most in 4 months...
Obama DOES Have Investments In Cayman Islands Trust...
... and has a bigger pension than Romney!
Under president, for every $7 brought in by gov't, $11 spent...
REALCLEAR MAP: Romney takes first lead in electoral college...

{ Any state that President Romney doesn’t carry is going to suffer! }

NC: R 52% O 46%...

OH: O 49% R 48%...
MI: O 44% R 41%...
WI: R 49% O 48%...
R closes 11-point gap in just two weeks...
O Brags About His Appeal Among Toddlers (sure…them among other young people who don’t understand how big a failure 0 is and how substantially he’s screwed them and the nation for years to come!)...

OBAMA ON COMEDY CENTRAL: 'WHEN FOUR AMERICANS GET KILLED, IT'S NOT OPTIMAL' [ 0’s such a joker/failure/joke! ]

Violent crime jumps 18%, first rise in nearly 20 years...

GALLUP: R 51% O 45%

DICK MORRIS: Romney won the second debate...
Threats to Assassinate Republican Romney Explode on TWITTER After Debate...

REPORT: White House contradicts president's statement on Benghazi terror attack...

Despite Pledge of Open Government, Obama Prosecuting Whistle-Blowers as Spies...

'When I Was President'... { Indeed, past tense for O and more than a Freudian slip as he heralds in new President Romney, writing on the wall though noit his teleprompter!
CAUGHT ON TAPE: Michelle O Broke Rules, Clapped During Debate...
'On Nov. 7, We're Going to Party Hard'...

U of Colorado Study: 77% likelihood Romney wins popular vote...

Record High Enrollment for Food Stamps: 46,681,833...

FOURNIER: Verdict Uncertain...
TREAT: Candy gives Obama 9% more time...
TRICK: Candy 'Throws the Flag'...
CANDYLAND: Romney was 'right in the main' on Benghazi, but 'picked the wrong word'...
Another debacle for America's media...
Reporters applaud Obama's slam on Romney's wealth...
Pelley: 'Most Rancorous Debate In History'...
'Nauesating'...

Reporters Get Drunk at Debate...
LUNTZ GROUP: BIG SWING...

A Frank Luntz focus group made up mostly of former Obama voters say they now support Mitt Romney.
"Forceful, compassionate, presidential," one participant said.
"Confident and realistic," said another.
"Presidential," another told Luntz.
"Enthusiastic," another reacted.
"Our next president," one man said.
"Dynamo, winner," said one more.
"He's lied about everything. He lied to get elected in 2008, that's why I voted for him. I bought his bull. And he's lied about everything, he hasn't come through on anything. And he's been bullshitting the public," one member of the focus group said.

Farrakhan's Fiery New Warning to USA: 'Every Plague Written in Koran is Going to Come to Pass'... { farrakhan’s really only talking about (all plagues rolled into) one plague; viz., the plague of the nigger which is extant despoliation wherever the niggers are, in the worst sense! Yes, they are the other, more nefarious black plague! }

Violent crime rises sharply... ‘6:53PM EDT October 17. 2012 - WASHINGTON — The violent crime rate went up 17% last year, ending a general decline in violence that began nearly 20 years ago, according to a new federal survey of crime victims.The Justice Department's National Crime Victimization Survey also found an 11% increase in the rate of property crimes, including household burglaries and car theft.’ { Come on! Perenially understated, these understated crime numbers don’t even take into account ‘protected/unprosecuted’ wall street frauds/crimes in the trillions. And, how about those fed paper bucks that ‘fell off the fed trucks’ even just recently; kind of like those 360 tons of $100 bills ($12 billion) flown into Iraq that just ‘disappeared into thin air, etc.. }

Driver Doesn't Stop For 8 Blocks As Men ( two niggers ) Viciously Beat Woman On Public Bus...

Greece faces anti-austerity shutdown as EU meets...
'In depression'...

GALLUP: R 50% O 46%

Ross Perot endorses Romney...

GALLUP: WOMEN TURNING AWAY (from MO O)...
'Stunning He's ( obama) in Politics, Because He Really Doesn't Like People'...
TONIGHT'S DEBATE 'DO OR DIE' FOR OBAMA...
Questioners Face $4,492 Tax Increase Next Year...

BUCK STOPS WITH ME: HILLARY TAKES BLAME...
Pins confusion on 'fog of war'...
Hillary Clinton to Obama in 2008: 'The Buck Stops In The Oval Office'...

Dem Political Signs Scaring Away Customers in VA...

Camp O attacks GALLUP again...
Jesse Jackson Jr. Speaks: 'Not well'...
Thought he was 'reincarnated chariot driver'...

Battery maker with $249 million in taxpayer cash goes bankrupt...

CEO touted 'green jobs' in Rose Garden...

STATE DEPT: Negotiations to keep troops in Afghanistan past 2014...
FLASHBACK: Biden: 'We are leaving in 2014. Period'...

GOV'T STUDY CONFIRMS 'GAYDAR' EXISTS, 60% ACCURATE... http://albertpeia.com/governmentwaste.htm
Coburn calls Senate cohorts biggest waste in government...

GALLUP: WOMEN TURNING AWAY { A new USA TODAY/Gallup Poll of the Swing States shows Mitt Romney with a lead among likely voters as he strengthens his standing with women in the nation's top battlegrounds. }

New Threats to Riot if Obama Loses Election... [ The threats alone are a reason sufficient for backing President Romney. If left unchecked, the nigger terrorists will be even further emboldened to their already egregious criminal, terroristic ways. No man, woman, or child will be safe if the lethal black cancer grows. The 4 years of O have been complete, utter failure and no amount of wobama b***s*** and nigger intimidation can change that fact! Quite simply, niggers are inherently criminal terrorists: Examples of what people are saying include the following;

“If obama dont get re-elected & romney wins .. on life every white persons getting pistol whipped and im startin a riot.” (SOURCE)

“If Obama don’t win lets start a riot so Romney know what he’s getting himself into.” (SOURCE)

“You know you ain’t shit if you gotta “MAKE” Mafukas vote for ROMNEY ! …. Mannnn OBAMA better get back in office . Or BLACK FOLKS will riot.” (SOURCE)

“If Romney wins im goin on a rampage.” (SOURCE)

“If Mitt Romney wins the election I think its our duties as Black folks to riot and fuck shit up.” (SOURCE)

“If every action IS met with an equal and opposite reaction ..what should workers do to employers if Romney’s elected? #Riot in the streets!!” (SOURCE)

“If Romney becomes president let’s all start a riot.” (SOURCE)

“I Heard Mitt Romney , Tryna Take Away Food Stamps , If He Do .”IMA START A RIOT , IMA START A RIOT.” (SOURCE)

“If romney wins, imma start a mf’n riot! Rns.” (SOURCE) ]

[ Will The Election Results Cause Massive Riots To Erupt All Over America?
http://theeconomiccollapseblog.com http://albertpeia.com/massiveriotsinamerica.htm { Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm } ]

Farrakhan warns forces trying 'to keep America white'... { Another nigger threat! }
CHICAGOLAND: For second time, grandmother learns a grandson is shot to death...
5 dead, 25 wounded over weekend... { Just another day in niggerland! }

Catholic Bishops Slam Biden Remarks...
REPORT: GM has lost $6.5 billion overseas since bailout...

Pelosi claims she read entire 2700 page Obamacare bill... { Riiiiight! And, just as Woody Allen quipped about having read War and Peace at (Evelyn Wood?) break-neck speed-reading pace, ‘it was about Russia’, so too can incompetent flake, not-too-bright pelosi say, it was about healthcare. }

Arlen Specter dies... { I’m glad he’s dead! He was a truly corrupt kike, going all the way back to the warren (fiction) commission to the present. He’s helped cause a lot of damage to this country! }

Shot Fired Through Window at Obama Campaign Office in Denver...
Will The Election Results Cause Riots?
WIRE: Do black people support Obama because he's black? { Do bears s**t in the woods? Is the Pope Catholic? Come on! Everybody knows that’s the case; and, surprisingly, those self-destructive losers who are white et als supporters of obama, in light of obama’s demonstrated 4 years of failure, must be doing so this time around for no other reason as well. How totally tragic and pathetic at once! }
Presidency 'has not helped cause'...
VIDEO: Dems joke they'll get enough votes to win -- even a couple of days late!

CAMPAIGN FREAKOUT!
OBAMA LOCK UNDER 10 STATES
As Election Day nears, Romney crowds are surging...

Geithner defends (indefensible) O as deficit again tops $1 trillion...

China's yuan hits record high against dollar...
BIG BANK SCORES RECORD PROFIT!
Fed Money Pumped It Up...
WYNN: My Employees 'Filled With Anxieties These Days'...
'Every Business Guy I Know Is Frightened Of Barack Obama'...
Biden claims he voted AGAINST two wars he voted FOR...
REPORT: 'Fast and Furious' Whistleblower Fired in DENNY's Parking Lot...
PAPER: Feds now probing suspicious activity in Rep. Jesse Jackson Jr. finances...

UPDATE: Hezbollah drone may have been sent to monitor Israel's nuclear facility...
Shot Fired Through Window at Obama Campaign Office in Denver...
Will The Election Results Cause Massive Riots To Erupt All Over America?
http://theeconomiccollapseblog.com http://albertpeia.com/massiveriotsinamerica.htm { Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence! http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

FLORIDA: R 51% 0 44%...
Biden, Ryan at each other on everything...
TENSE...
CNN POLL: R 48% B 44%...
Chris Wallace: I've never seen a candidate as disrespectful as Biden...
Borger: Came Off As Condescending...
Hume: 'Cranky Old Man'...
Noonan: 'The old man pushed, and the kid pushed back'...
Biden Interrupted Ryan 82 Times?
RNC AD: THE LAUGHTER...
REALCLEAR MAP SHOWS SHIFT...
OOPS: 'One large state didn't report some quarterly figures'...
SURPRISE: Jobless claims plunge...
Officials don't ID mystery state...
Biden contradicts State Department on Benghazi security...
Romney meets with Rev. Billy Graham...
'I'll do all I can to help you'...
Hungarian-born billionaire buys airtime to warn against socialism...
Carlos Slim, World's Richest Man, Gets Richer Supplying 'Obamaphones' To Poor...

R 49% O 44%
CAN HE GET THEM BACK?
10-11-12: Ryan prepares to take on Biden...
70 million watched VP debate in '08...
Commission dismisses Raddatz-Obama connection...
Conflict of interest?
Obama Defends Debate Performance: 'I Was Just Too Choomed Out, Nothing to Say'...
Campaign tries to quell panic...
Dems frustrated by 'Big Bird' turn...
Unions struggle to help...
Jack Welch: I Was Right About That Strange Jobs Report...
Ohio Obama Rally Features Rap Rendition of 'Sesame Street' Theme Song...
ROMNEY: 'You have to scratch your head when president spends week talking about 'Big Bird''... { Indeed! But, don’t scratch too hard; after all, what else can he talk about? He can’t talk about his record of unequivocal failure. He can’t talk about broken campaign promises (that would take ages). And, he can’t talk about solutions to the nation’s problems … because he has none which he has proven in 4 wasted, failed years. Moreover, wobama’s absolutely clueless as to what to do to solve the nation’s substantial problems, some caused/exacerbated by his own incompetence and failure. }
Mother of Slain State Dept. Official Tired of Being Lied To and Stonewalled by Obama Administration...
Spain Downgraded to One Level Above Junk...
PAGLIA: FORGET OBAMA, I'M GOING GREEN PARTY...
REPORT: 'Most sophisticated, professionalized and successful doping program that sport has ever seen'...
Teammates turn on Armstrong...
26 testify... { So much for the atheist armstrong; what a total fraud! Kind of like that other armstrong american fraud; the late, but not great, moony armstrong! }
CEO explains memo threatening layoffs if Obama re-elected...
FEDEX to cut thousands from workforce...
FACEBOOK Fought SEC to Keep Mobile Risks Hidden Before IPO Crash...
STATE DEPT SPINS NEW TALE ON BENGHAZI ATTACK...

POLL: Romney leads in 11 swing states...
Takes lead in OH...
PA, WI, MI close...
Biden Has Not Sat for On-Camera Nation TV Interview in 5 Months...
CEO Threatens to Fire Employees If President Is Reelected, Raises Taxes...
Chain Cuts Workers' Hours over Obamacare...
Steve Wynn Slams Obama: 'I'll Be Damned If I Want To Have Him Lecture Me'...
Ohio Obama Rally Features Rap Rendition of 'Sesame Street' Theme Song...
ROMNEY: 'You have to scratch your head when president spends week talking about saving 'Big Bird''...
PANIC: Romney signs in VA defaced, stolen and smeared with excrement...
VIDEO...**WARNING: GRAPHIC LANGUAGE**

GALLUP: 5-POINT ROMNEY BOUNCE...
PEW: 18-point shift among women...
POLL: Romney leads among independents 51-35...
'Enthusiasm' gap 13-point spread for Republican...
R closes gap in Michigan...
R 49% O 47%
University of Colorado: Updated election forecasting model still points to Romney win...
PAPER: Why Obama's campaign is falling apart...
SULLIVAN: SOS OBAMA
VEGAS REVIEW JOURNAL ENDORSES ROMNEY...
Romney casts Obama's foreign policy as weak, dangerous...
MILITARY TIMES POLL: R 66% O 26%...
BOUNCE: R 49% O 47%
8-point shift for Romney in Colorado...
Romney raises $12 million in 48 hours...
OBAMA RAISES $181 MILLION IN SEPT -- JUST 2% OF DONATIONS REPORTABLE...
Super PAC Donor on Obama: 'Looks Like He Took My Million and Spent it All on Weed'...
TEAM OBAMA BLAMES JOHN KERRY FOR DEBATE LOSS...
Man Tells Obama: Business 'Terrible Since You Got Here'...
NH voter: ‘O Couldn't run a lemonade stand'...
SNOOP DOGG TWEETS 10 REASONS NOT TO VOTE FOR ROMNEY...
'He a white n****'...
'Bitch I will beat the sh** out of you'...
Police Union Warns 'War-Like' (nigger-town) Detroit Unsafe For Visitors...
Hands Out Flyers: 'ENTER AT YOUR OWN RISK'...
GAS PRICES SET RECORD IN CA

Filling stations across state run out, shut down...
'What are they doing to us?'
Obama fundraiser with Katy Perry to snarl traffic...
REPORT: Intelligence officials accuse administration of 'cover-up' in Libya...
WHITE HOUSE POINTS FINGERS...
Email Shows State Dept. Rejecting Request of Security Team at Embassy...
34 security personnel pulled in 6 months before attack...
Boy writes letter to editor after shelter kills cat...
'Grown-ups killed my kitty'... To the editor: My name is Rayden. I am 8 years old and I live in Logan. Yesterday grown-ups killed my kitty, my best friend, when they weren’t supposed to. Because I really don’t know how to write, my PaPa is writing down the things I think and say. My kitty’s name is Toothless. When I got him I had just seen “How to Train a Dragon” at the movies. My kitty looked just like the dragon Toothless with big green eyes and the hair around his head. Toothless, my cat, has long fluffy hair and sleeps on my bed and loved to play with my brother and me. Toothless would let us carry him around all the time. He was our best friend. Last week he didn’t come in at night. Sometimes he does that, but this time he didn’t come back. After two days my little brother Devin, who is 5, and I went to every house on our street and asked everyone if they had seen Toothless our cat. Everyone said no. We were worried and scared something was wrong. On Wednesday after work my dad went to the animal shelter as it was closing. They didn’t want to let him in, but they did. He asked if there was a cat with long black fluffy hair there. They let my dad in to look at the cages, and there was Toothless! He was curled up laying in the back of the cage very scared. When my dad made his funny meow sound that he does to make him come home, Toothless jumped up and came to the screen and rubbed up against it and was so happy to see my dad, and he wasn’t scared anymore. My dad wanted to take him home, but they said he had to go to another office building and pay a fee. The lady at the shelter said it would be OK and told him to come back the next day and we could get Toothless. When my dad came home and told my little brother and me he found Toothless we were so happy and we weren’t scarred or worried anymore. My dad went back the next day to get our kitty and they told him they didn’t have any long-haired black cats. They only had a white fluffy cat. My dad waited a long time for the lady to come back and talk to him. The same lady that told my dad to come back the next day said she was sorry. She had forgotten to leave a note to tell the people my dad would be there for Toothless and they had just killed my cat that morning. She had just forgotten to write a note to save a member of my family. They killed him and I don’t know why. My dad found out where he had been picked up and it was our neighbors down the street that don’t like cats and dogs. They had caught him in a trap and gave him to the police to take him away. When Devin and I knocked on their door and asked if they had seen Toothless they told us no, and that was a lie. My dad and mom tell me and Devin not to lie and that is right. I didn’t think big people lied because they are grown ups and know what is right. Now I don’t know what to do. My cat Toothless is dead; the people that killed him didn’t even give him to my dad so we could bury him. What do I do now? Rayden Sazama Logan Editor’s note: Cache Humane Society Director Brenda Smith confirmed Rayden’s story that an animal shelter worker forgot to leave a note to halt euthanization of the Sazamas cat. { The shelter/city should be sued and the employees involved should be fired for cause! }

BOUNCE IN POLLS:
R PULLS AHEAD IN VA...
R +3 IN FL...
R +3 IN OH among those 'certain' to vote...
REALLY! 7.8%
Total employment 'highest one-month jump in 29 years'...
Welch: President manipulating numbers after debate performance...
BLS economists donate to Obama campaign?
Rate Plummets to 4.3% -- For Govt Workers...
Report met with suspicion...
ROMNEY: Rate more like 11%...
OBAMA: Can't turn back now...
SEPT. EMPLOYMENT: +114,000...
Aug. number revised to +142,000 -- from +96,000...
Welch: Obama manipulating numbers after debate performance... { There are some people (and their assessments) that you might dismiss as light-weight partisans… Jack Welch is not one of them! Indeed, among the rarest breed historically of exceptional american CEO’s, Welch points to the folly of preposterously a month before elections, on paltry/pathetic jobs numbers ( election year temp/part-time for manipulating stats along with the nebulous ‘stopped looking’ fudge factor) , following a disasterous debate showing (of wobama failure and incompetence), the unemployment rate falls to just below the ‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is tantamount to the obama 100% employment fantasy where literally everyone but him has stopped looking for work and hence, not counted in compiling the unemployment rate (and then those jobs in the millions lost and gone forever on his watch - what a banana republic!). Come on, wake up!: JACK WELCH: OBAMA IS MANIPULATING THE JOBS NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS AWFUL…UNBELIEVABLE JOBS NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T DEBATE SO CHANGE NUMBERS. }

O NO: CLINT WAS RIGHT!
Leno: 'Only Person Who Didn't Tune In Was Obama'...
Campaign aides 'shell-shocked'...
Man Tells Obama: Business 'Terrible Since You Got Here'...
NH voter: 'Couldn't run a lemonade stand'...
Deficit Tops $1 Trillion for 4th Year...
California Refiners Ration Gasoline...
L.A. stations run out, close pumps...
Gas Prices Likely to Rise Through Election...

SKYFALL
RATTLED, O GOES ON ATTACK...
BUCHANAN: Romney: Best debate performance in 52 years...
John Sununu calls Obama 'lazy and detached'...
FLASHBACK: 'There's a laziness in me'... { Of course O’s lazy…niggers are lazy…that’s just the way they are…don’t blame the niggers, they were born that way! And, what about the audacity of wobama the b for b***s*** talking about specific plans by President Romney when wobama’s ‘plans’ last b***s*** campaign, from war (continued) to prosecutions of the big wall street frauds (none) to cutting the deficit (actually increased in record fashion), etc., etc. were meaningless b***s*** when measured by what he did (zero)….Just like a nigger! When are people going to awaken to the reality that obama’s just total b***s*** without the slightest clue as to how to achieve results through work/performance, and is too lazy to really care! }
Was Obama rattled by developing donor scandal story?
BIDEN: 'Yes, We Do' ...
Keept away from press...
AARP to President: Don't mention us again...
67 MILLION: RATINGS JUMP FOR DEBATE...
15 million more than '08...
Left-Wing Websites Reject Obama Ads, Say Campaign Undercutting Them By Working With GOOGLEAOL...
Harry Reid makes up quotes in another attack on Romney...
NYT: 'President Xanax'...
Lost, bewildered without teleprompter...
Gas prices in CA hit record highs...
Supply shortages shut pumps...

ROUND WON: Romney Seized Offense in Debate...
You Were Fighting For Obamacare, Not Jobs...
'The Path We’re Taking Is Not Working'...
FOURNIER: Cursed Obama Falls...
MSNBC MATTHEWS: 'What Was He Doing!'
Cutter takes swipe at Lehrer...
Carville: 'Romney came with a chainsaw'...
Andrew Sullivan: 'This was a disaster'...
UH O
Lost, bewildered without teleprompter...
CNN POLL: Romney Annihilates...
Van Jones: 'Was Able To 'Out-Obama Obama'...
LEFT TURNS ON O...
CA gas prices set to spike...
Man beaten, robbed -- inside grocery store!
Another sex scandal rocks Detroit...{ Was she the sex lackey of Detroit Blacky? …'The chief of police exceeded his professional status,' David Robinson said. }

NATIONAL JOURNAL SHOCK POLL: R 47% O 47%...
BIDEN: Middle class has been 'buried' during Obama's presidency...
New Model to Predict Unemployment Sees Rate at 8.1%...

POLL: 43% of voters certain they will vote for Romney. 42% certain they will vote for Obama. Remaining 15% either uncommitted or open to changing mind.... MORE...

POLL: Doctors choose Romney...
DENVER BRONCOS John Elway Endorses Romney...
CNN poll magically tightens as calendar turns...
PAPER: Obama will need all the luck that he can get...

RYAN: We Are Seeing Obama's Foreign Policy 'Unravel on Our TV Screens'...
'Holder must go' over Fast and Furious...

Hundreds line up for $1.84 gas in Michigan in Anti-Obama Stunt...
2012 DEBT SURPASSES 2011...
Huge tax increase looms at year-end 'fiscal cliff'...

Jobs Outlook Weak as Companies Reporting Cost Cuts...
REPORT: Recovery faster for immigrants than US-born workers...
U.S. MILITARY DEATHS IN AFGHANISTAN HIT 2,000....
AFGHAN SOLDIER KILLS 2 MORE AMERICAN TROOPS...
Biden Misstates Number Of Fallen Heroes...
Military absentee ballots going AWOL in 2012...
REPORT: 1 million Ohioans have 'Obama phones'...
RYAN WARNS: 'We need to tackle challenges before they tackle us'...
Dollar Falls Most in Year...
UNIVISION report connects 'Fast & Furious' to murders of 16 Mexican teenagers...
NETWORK FINDS 57 UNREPORTED WEAPONS...
VIDEO **WARNING -- GRAPHIC**...
RYAN: 'Holder must go'...
Jets owner: I'd rather Romney win -- than the Jets!
OCTOBER 1: OBAMA APPROVE AT 47%
POLL: O 49% R 47%...
POLL: O 49% R 47%...
Eurozone hits record high unemployment...
18.2 million jobless...
'INEVITABLE NEW RECESSION'...
One in 10 EU workers missed work for depression...
26% in UK diagnosed...
Greek youth unemployment hits 55%...

Top Five Worst Obamacare Taxes Coming in 2013...
Romney: Debates a Clear Path to Voters...
'We're going to win Pennsylvania'...
SHOCK POLL PA: O 47% R 45%...
Leno Turns: 'We Wasted Four Years Waiting For Obama To Do Something About The Economy' { Yeah, Jay! } ...
HOUSE CHAIRMAN CALLS FOR AMBASSADOR SUSAN RICE'S RESIGNATION...
JAY-Z: I'M WITH OBAMA CAUSE HE'S BLACK...
CHICAGOLAND: Black Gang Member Tells Reporter, 'There Is No Solution To The Violence; Killing Is The Solution'...
Member of 'Obama Boyz' gang charged in St. Louis shootings...
Riots Between Black, Latino Students Break Out At CA High School... { Yeah…Latinos not taking the typical s*** from the niggers! }

MITT DEBATE PLAN: CALL OUT OBAMA LIES... { The question is, do they have enough time to air all; so many lies, so little time! }
GDP revised down to 1.25%...
Durable orders drop 13.2% -- 'worst since recession'...
SANTELLI: 'Depressingly weak'...
Census: Americans' Incomes Have Fallen $3,040 During 'Recovery'...
OBAMA HAS MY VOTE, HE GAVE ME A FREE PHONE...
SEIU Paid Protesters at Romney Cleveland Rally...
'$11 an hour'...
UPDATE: 3 ( yes, 3 niggers) arrested in vicious beating on Capitol Hill (Do white/yellow/brown people for O have a death wish? After all, he/holder have protected the violent, anti-white black panthers)...

DICK MORRIS: Romney 'Pulls Ahead'...
Romney: 'Pleased With Some Polls, Less So With Others'...
Romney pays tax rate 'higher than what 97% of Americans pay'...
SURVEY: 55% Of Small-Business Owners Would Not Start Company Today, Blame Obama...
Sebelius to hit campaign trail again -- after breaking election law...
Solution To Michelle Obama's new school lunch menu: SNACK! { Riiiiight! There you go! After all, chimps literally spend all day foraging for munchable snacks in the wild. But, if you’re not a chimp of leisure as moochelle, or just not a chump and busy with other things, ‘three squares’ will just have to do as they always have! }
Post Office Prepares for Second Default in Two Months...
Romney: President Doesn't Want People To Know What Happened In Libya...
Libyan president: Anti-Islam film had 'nothing to do with' attack...
Honeymoon Over as Markets Brace for Volatile Times...

Health Premiums Up $3,000; Obama Vowed $2,500 Cut...
Ralph Nader calls president 'war criminal'...
OBAMA PROCLAIMS FIGHT AGAINST 'SLAVERY' { Desperate nigger desperados playing the familiar nigger card! Send them back to sub-saharan Africa! }
2012: MICHELLE TALKS SLAVERY, SEGREGATION...
'Back when our great-grandparents were riding that Underground Railroad'...
Madonna (the ‘black hand italian’ who stups niggers) threatens to strip naked if Obama re-elected...
Vote for the 'Black Muslim in the White House'...
COMPLAINTS MOUNT AGAINST MICHELLE O'S NEW LUNCH MENU...
'WE ARE HUNGRY'... { Such a diet is based upon her own innate proclivities and projection: ‘…Chimpanzees prefer fruit above all other food items and will even eat them when they are not abundant. It will also eat leaves and leaf buds. Seeds, blossoms, stems, pith, bark and resin make up the rest of their diet…’ }
Senators to Hillary: Show us murdered ambassador's cables...
Libya tense after death of man who caught Gadhafi...
...calls for vengeance
GOP recalls Obama's earlier victory lap...
iPhone muggings up 40% in NYC...

PAPER: Don't believe hype on US 'recovery'...
Pennsylvania Shock Poll: Obama 47% Romney 45%...
FLORIDA POLL: O 48% R 47%...
Veterans retreating from president...
DICK MORRIS: Why The Polls Understate Romney Vote...
Romney Releases 2011 Tax Returns; Paid $1.9 Million on $13.7 in Income...
...donated $4,020,772 to charity
Voluntarily paid more than required...
Harry Reid avoids prior claims...
'TIME TO SHOW YOURS, HARRY'
Zuckerman: Obama Campaign 'Divisive and Dishonest'...
POLL: Distrust in Media Hits New High...
Biden on college cheerleaders: 'The stuff they do on hard wood, it blows my (lobotomized) mind'...
WHITE HOUSE STORY ON LIBYA FALLS APART...
100 DAYS UNTIL LARGEST TAX HIKES IN HISTORY... http://albertpeia.com/taxmaggedon.htm

FIRST SERIOUS INTERVIEW: O PRESSED ON FAILURES BY UNIVISION
Romney: Obama's New Slogan 'No, I Can't'...
GALLUP: O 47% R 47%...
Median Income In OH Hits 27-Year Low...
Obama still blames video for Libya attack?
Ramos Rips Away...
'YOU DID NOT KEEP YOUR PROMISE'...
Shouldn't you 'fire' Eric Holder?
Student asks president for advice -- on how to find a job!
PAPER: 'THE OBAMA YOU DON'T KNOW'...‘…But beyond the spin and the polls, a starkly different picture emerges. It is a portrait of a man quite unlike his image, not a visionary reformer but rather a classic Chicago machine pol who thrives on rewarding himself and his friends with the spoils of public office, and who uses his position to punish his enemies. Peter Schweizer captures this other Obama with a bracing statistic in his book "Throw Them All Out," published last year. In the Obama economic stimulus program's Department of Energy loans, companies owned and run by Obama contributors and friends, like Solyndra's George Kaiser, received $16.4 billion. Those not linked to the president got only $4.1 billion. The Energy Department is far from the only federal program in which favoritism has heavily influenced federal grants. To paraphrase Tammany Hall's George Washington Plunkitt, Obama has seen his opportunities and taken them, over and over. - Mark Tapscott / Executive Editor’
Republican senators decry 'useless, worthless' Clinton briefing...
Lewinsky set to reveal Bill Clinton's sex secrets in tell-all book...
'Worst nightmare'...
OBAMACARE TAX TO HIT 6 MILLION
MOSTLY MIDDLE CLASS
RASMUSSEN SWING STATES: R 47% O 46%...

POLL CONFIRMS ROMNEY: OBAMA HAS 47%... { Yes…and the really tragically sad part of that reality for america is that it’s a strategy of theirs, making americans dependant on the government (for food, protection from bogus, self-created/induced bogey men/terror, protection from warranted prosecution as with the largest frauds on wall street, corzine et als, mf global etc.); and not just the poor; viz., ie., the frauds on wall street and their contraindicated QE entitlement along with protection from prosecution for their huge frauds, etc… }
Tax Compliance for Obamacare: 80 Million Hours...
O: 'I ACTUALLY BELIEVE IN REDISTRIBUTION'
Analyst: Fed's 'QE-Infinity' Will Push Gold Up to $2,400...
Mortgage Lending Slides to 16-Year Low...
WSJ: The Data Behind Romney's Comments...
REPORT: Median Income Worse Now Than During 'Great Recession'...
'Unprecedented' Jump in Food Stamps...
8,786,049: Yet Another Record for Americans Collecting Disability...
16 people working for each person collecting..

US credit rating downgraded -- again...
PUMPING BLAMED...
CASH FOR BANKERS: Fed risks political fallout...
Faber: If I Were Bernanke, I Would Resign... { Yeah…but you’re not ‘The Rain Man’ … he’s comfortable there … He’s not insane according to Einstein’s definition; viz., doing the same thing over and over and expecting a different result … He’s just … ‘The Rain Man’ (Doesn’t burnt out bernanke remind you somewhat of Dustin Hoffman in portraying the character of the same name/film? If only he could count like ‘The Rain Man’.) }
Gas Prices More than Double Under Obama: $1.84 to $3.85...
Kids Question Michelle: Where Will They Move When President Loses?
'FULL-BLOWN CRISIS'

ELECTION MANIPULATION: NEW PUMPING BEGINS!! { This is an especially great opportunity to sell this suckers’ market/take profits! Nothing’s been solved! Just because ‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember that ‘no recession call’ of his; and, of course, no QE before the election, prospectively, already discounted many times over by the ‘markets, such as they are, ie., algo buy programs, etc.. ). All this and now ‘whatever’ is too little and too late for the uss Titanic which has taken on too much, not water, but b***s***. This was a desperate move, bespeaking desperation.The fact is things are ominously so bad, and worse than ‘allowed’ to be seen for the moment, that something as this QE which is economically and financially contraindicated and a proven failure for all but the frauds on wall street along with their cohorts including desperate politicos, is resorted to in desperation to divert attention from their unequivocal failure. After all, though having cost so many americans their jobs with wrong calls and policies, bernanke is trying to save his own by inflating the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama rehired failure bernanke, President Romney would have fired, and will fire him … goldman sachs knew this dollar debasing failed policy QE 3 would come and at the expense of the muppets…that’s their term for all you suckers). I further believe this contraindicated largess to the frauds on wall street is to preserve his post fedship tenure job possibilities by ingratiating himself even further with those nefarious, self-serving interest groups. }

Romney Calls Obama Response: 'Disgraceful'...
Muslims Attack US Embassies...
Mobs with guns and rocket-propelled grenades...
FLASHBACK: Hillary Clinton boast on Gaddafi: 'We came, we saw, he died'...
PROTEST: $9 gallon for gas in NY and NJ...

Median income lowest since 1995...
Lower class grows...
Why did Obama use N-word to describe his grandfather?
Suspected Bank Robbers Toss Cash Out Window During Police Chase...
VIDEO... { A neighborhood nigger in response to a reporter lauded the criminal acts of the armed niggers saying they brought cash into the neighborhood where (other niggers) ‘people’ are hurting. Isn’t that among the typical rationalizations that underlie every dastardly deed perpetrated by the uncivilized niggers? The niggerized DOJ under holder/obama similarly finds ways to rationalize not prosecuting as promised; ie., biggest frauds on wall street, mfglobal/jon corzine, defense of and protection for black panthers, etc.. How can people wonder why this nation’s crumbling? }

ROMNEY: 'Forwarned' is better than 'forward''... { Sampling some of the network talking head roundtables over the weekend I was astounded how many wobamanoid apologists talked up the dismal, paltry private jobs, many part-time or low-pay, without mention of the record insurmountable $5 trillion increase in the deficit to create them for the purpose of obfuscating wobama’s blatantly failed performance as potus. Such people, either so partisan, so unschooled in the relevant disciplines, so ill-prepared for the journalistic task entrusted to them, literally have no defendable place in the field of real journalism and are an embarrassment to all that journalism purports to be. }
DICK MORRIS: Obama Thugs Rough Up GALLUP For Polls They Don't Like...

POLL: O 49% R 45%... reuters/ipsos – the socialist/communist pollsters…they have a lot at stake…look at their socialist europe and left-leaning city bases. Their polls can’t change what already is!
DEMS SOFT ON WALL STREET CRIMES...
FLASHBACK: CARTER +4 OVER REAGAN IN SEPT 1980 [+8 IN OCT]...
FLASHBACK: DUKAKIS +17 OVER BUSH AFTER DNC 1988...

DICK MORRIS: Advantage Romney...
REPORT: GOV'T MOTORS LOSES $49,000 ON EACH CHEVY VOLT...
'The Democrats' GM Fiction'...
Pentagon buys hundreds to 'green up' military...

8.1%
+96,000
368,000 DROPPED OUT
88,921,000 'NOT IN LABOR FORCE'
Milbank: Demigod falls to earth... { After four years of unbridled, unfounded, blind faith in and defense of wobama the b for b***s***, it truly makes my heart soar to see Mr. Milbank finally walk into the light! Indeed, David Bowie (Nicholas Roeg’s ‘Man Who Fell to Earth’), wobama is not; not that even David Bowie could have siphoned/drained the vote as did grifter/conman/parasite obama. Yet, it cannot be denied that nobody, no news organization, not even a government agency did their homework in vetting this complete and utter fraud called ‘barack obama’! } ‘…After a couple of nights at the Time Warner Cable Arena, the convention was to have closed with President Obama’s acceptance speech at the Bank of America Stadium, where convention officials were planning to squeeze nearly 6,000 seats onto the field to expand the stadium’s capacity beyond its usual 74,000. But the speedway event was canceled — ostensibly because of logistical problems but more likely because convention fundraising was running low. Then the Democrats canceled the stadium event in favor of the smaller arena — ostensibly because of “severe thunderstorm” concerns but more likely because they couldn’t be sure enough people would come to fill the stadium.In fact, the forecast hadn’t called for severe weather, and conditions were fine Thursday night. The change caused thousands to be turned away, and the crush of crowds at the arena led authorities at one point to lock down the building for a second straight night – leaving some delegates on the street while lobbyists enjoyed the proceedings inside…’
CLINT SPEAKS: Obama 'greatest hoax ever perpetrated on American people'... { I think Clint is too kind in euphemistically referring to and characterizing wobama as merely a hoax as opposed to the indisputable fraud, grifter, conman that obama most certainly is! }

White House to miss deadline for report on 'fiscal cliff' budget cuts...

O: I'M NOT DONE YET { He’s done! }

NOONAN: 'Stale and empty... he is out of juice'...
OBAMA HAMMERED IN FIRST REVIEWS...
FROM THE LEFT: TOMASKY: Pedestrian and Overconfident...
FROM THE RIGHT: KRAUTHAMMER: 'One Of The Emptiest I Have Ever Heard'...
AP: Obama and the phantom peace dividend...

'VOTE BLACK'/‘VOTE NIGGER’ BUTTONS HIT CONVENTION HALL...

Bob Woodward book leaks... Developing...
Debt Deal Collapse Led to 'Pure Fury' From Obama...
Explosive mix of dysfunction, miscommunication, and misunderstandings...
Pelosi 'reached over and pressed mute button on her phone' as Obama talked... MORE

WOODWARD: White House so stunned by 2010 GOP triumph, it didn't even have Boehner's phone number...

Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }

Poll: R 48% O 44%

RASMUSSEN: ROMNEY 47% OBAMA 44%...
GALLUP: ROMNEY 47% OBAMA 46%...

Dem Gov.: We're Not Better Off Now...

GALLUP: Obama Job Approval Drops to 43%...
PROTESTERS VOW BIGGER CROWDS IN CHARLOTTE...
'Occupy' encampment re-opens near Dem convention...
DNC security rules trigger free speech worries...

KING: Obama presidency has been time of deep Dem decline...
Frustrated union leader throws empty chair...

RECORD-HIGH LABOR DAY GAS PRICES GREET DEMS IN CHARLOTTE...

RYAN: President 'running campaign based on envy and division'...

GOP launches 'Obama Isn't Working' message...

SUNDAY: Dem Gov. -- We're Not Better Off Now...
MONDAY: 'We're Clearly Better Off'...

BIDEN: 'If It Weren't So Hot I'd Go Into Detail'...

Debt to hit $16 trillion just as party gavel in convention...
Dems to bus in black church members from SC...
ID required to attend...

'GODFATHER' TO CUT DNC TRIP SHORT...
Chicago schools brace for strike...

'GOD' LEFT OUT

Dems Drop 'God' From Party Platform...
REUTERS PHOTO DEPICTS HARRY IN HELLFIRE...
Endorse taxpayer-funded abortions...
DNC Video: 'The Government Is The Only Thing We All Belong To'...

ABCNEWSWASHPOST POLL: Obama personal popularity fading...
Women Turning...

DEBT TOPS $16T...
$136,249 Per Household...

FOOD STAMP USE CLIMBS TO RECORD 46.7 MILLION...

Key SOLYNDRA figure 'ran for exit' after seeing ABCNEWS cameras on DNC floor...

UPDATE: Obama gives himself an 'incomplete' grade...
POLL: Just 40% say he deserves second term...

POLL: Less Than Half of Army Officers in Afghanistan Report High Morale...

Panicking Spaniards Pull Out Cash, Leave Country...
Depression, Suicides Rise as Euro Debt Crisis Intensifies...
MOODY'S Changes Rating Outlook to 'Negative'...

COPS: Mother Forces 10-Year-Old Boy To Rob House... { Shafique (black) and her son ran away but Lynnwood police arrested her. They found a stolen laptop and crack cocaine. }

Gasoline To Hit Labor Day Record Price...
University of Virginia Declines Obama Campaign Request...
EX-NFL GREAT TO BLACKS: SAY NO TO OBAMA...
70% of Obama's 19 million TWITTER followers fake...
CHICAGOLAND: 13 shot in 30-minute span...
FLASHBACK: Obama -- 'Chicago Is Example of What Makes This Country Great' { Wow! Talk about choom fantasy… unless you’re a fan of…Al Capone! } ...
FOXNEWS POLL: Romney Pulls Into Lead...
Republicans eye return to gold standard...
Romney Reiterates He Would Replace Bernanke...
Analysis: Incomes Fall More Under Obama...
Big Loss for Those Near Retirement...
USA $20 trillion in debt by 2016...

FABER: Odds of Global Recession Are 100%...

GALLUP: Romney edges Obama...

'RUDE' BUT TRUTHFUL PICTURE OF TELEPROMPTER OBSCURING OBAMA’S FACE FROM REUTERS PHOTO RAISES EYEBROWS...

Texas Judge Preparing For 'Civil War' If Obama Re-Elected...

ROMNEY: President 'Has Tried To Substitute Government For Free People'...

PAPER: THE LEFT HAS BEEN TOO KIND TO OBAMA...

Postal Worker's Vacation Halts Mail In Jersey City, NJ...

TINA FROWN! { Newsweek on wobama’s failed presidency – Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }
GALLUP: ROMNEY 47% OBAMA 45%
ROMNEY: Time to Audit the Fed...

GAS PRICES SET RECORD...
Poll: Not better off now than in 2008...

SHOCK POLL: Romney beats Obama in Chicago suburbs...
SPIKE IN ARMED ROBBERIES, SAVAGE BEATINGS ON CAPITOL HILL...
Crime jumps 64%...
NOONAN: If Biden Were Republican, Topic Would Be 'How Stupid Is This Person?' { Well, in fairness, a distinction is carved out for Lobotomy Joe who really did have part of his brain surgically removed! } FACEBOOK FALLS TO HALF OF PUBLIC OFFERING PRICE...
No Horses, But Detroit Water Department Employs 'Horseshoer'...
BOOK: Obamacare designed to unionize 21 million health care workers...
Increases costs of hip, knee replacements...
O STICKING WITH LOBOTOMY JOE!

MSNBC Host: Romney Engaging In 'Niggerization' Of Obama { Well, if the shoe fits…and the shoe fits only too well for jive-talking, b***s***, grifter/fraud wobama, who has actually accorded protection to the black panthers who have threatened whites as matched with dasterdly deeds of violence by blacks against all other races! MSNBC said it, and truth be told, it doesn’t take much to see it in light of the fact that wobama’s just a typical jive-talking, incompetent, b***s*** nigger! }...

ROMNEY, RYAN PREPARE FOR ASSAULT ON OBAMA'S SPENDING...
U.S. Foreign Debt Hits Another Record...

Democrats' nerves start to show...
VA BAKER SAYS NO TO BIDEN STOP...
Secret Service buys cupcakes as thanks...
Customers flock in...
'OBAMA CAN KISS OUR A**'...

HOW LOW WILL IT GO? FACEBOOK STOCK PLUNGES...
Has lost half of value...

JULY DEADLIEST MONTH OF 2012 FOR TROOPS...
ARMY SUICIDES SET RECORD...
FBI: Federal court clerk sold secret info to L.A. gangsters...

New Jersey unemployment rate at 9.8%, highest since 1977...

REPORT: GM's European failure will prompt second Obama bailout...

CHICAGOLAND: City Worker Caught Stealing 500 Feet Of Copper -- Off Midway Airport Runway!

Ecuador grants WIKILEAKS founder asylum...
40 police surround embassy...
U.S. denies pushing arrest...

Obama defends Biden on 'chains' comment...

HE DID IT AGAIN: LIVING IN WRONG CENTURY!
REPORT: Obama has 22 days to drop Biden from ticket...
VIDEO: Biden Refers to Ryan as 'Governor'...
Now Social Security Administration To Purchase 174 Thousand Rounds Of Bullets!

Hypersonic aircraft crashes seconds into military test flight...

Thousands of Federal Retirees Get Six-Figure Pensions...

CHICAGOLAND: 50,000 line up for Obama amnesty program...
Labor Dept. Attempts to Stop Layoffs by Giving $100 Million to States, Subsidize Payrolls...

VIDEO: Biden Imitates Sign Language Lady… [ I’m quite serious when I say lobotomy joe biden had part of his brain removed… he literally had part of his brain surgically removed…his nonsensical outbursts are symptomatic of lobotomies generally…] ...
Wonderment Whether Biden Has 'Mental Capacity' for Presidency...
VP says 'We can win North Carolina' -- while campaigning in Virginia...

New Black Panthers to RNC: Our 'Feet Will Be On Your Motherf***ing Necks'{ Listen to these uncivilized, dumb niggers! This is typical nigger talk and predisposition to criminal action/violence! How can whites et als self-destructively embrace the niggers? Niggers are beasts of burden and burdens wherever they are. There are few physical tasks they do well and even fewer of said available tasks relative to their populations to make a difference. They are a near complete washout in non-physical tasks, are too costly and are bad workers, unproductive generally to employ and not worth the enormous cost and trouble. The very scant few exceptions are statistically insignificant. Niggers belong in jails where they can commit no crimes in general society; plus there’s the savings thereby on their invariably wasted welfare, programs in addition to their predisposed crimes on the outside…It is far cheaper to jail them which is best for civilized society (look at their off the charts crime rates, and that’s only those that are caught! They’ve literally destroyed cities as is so wherever they are in concentrated numbers. These are indisputable facts/truths that civilized societies/governments can no longer afford to deny.) } ...

REPORT: Ill. state workers forced to attend Pelosi, Jesse Jackson Jr. event on taxpayer dime...
Buchanan: 'Obama has steadily diminished both himself and the office he holds'...
Campaign admits knowing story behind flawed PAC attack ad...

UPDATE: Postal Service Posts Big Loss as Cash Runs Low...
UPDATE: Jesse Jackson Jr. being treated for bipolar disorder... { Mayo Clinic: Jackson has bipolar depression }
SPIRITS SPEAK TO PELOSI ( Riiiiight! And they keep telling her… ‘bankrupt america…bankrupt america…bankrupt america’….she believes them, tries her best to comply, and follows their advice! Meanwhile, by way of séance, hillary getting the message…’more world strife…more world strife…more world strife…’ and she’s complying! Not to be left out of democratic party stratagems, wobama’s been seen sticking pins into a doll that bears an uncanny resemblance to President Romney… If only they had a real strategy and knew what they were doing! ) ...
Over 100M in America on Federal Welfare...

Gingrich Warns: Obama 'direct threat' to my grandchildren's future...

BOOK: Blago claimed $25,000 channeled to Obama...

Miami Cannibal Victim's First Interview: 'He Just Ripped Me To Ribbons. He Chewed Up My Face. He Plucked Out My Eyes'...

WHO NEEDS CONGRESS? (Not wobama the dictator!) Obama Considering Executive-Branch Action on 'Internet Security'...

Nearly half of long-term U.S. immigrants are on welfare...

$5.2b in fraudulent tax refunds to immigrants...

OBAMA (who plays his 104^th round of golf as potus) POPULARITY SOARS -- IN NIGGERTOWN DC!

Plays 104th round of golf (as nation flounders)...
HARRY REID HELPS CHINESE SOLAR FIRM REPRESENTED -- BY HIS SON!
PAPER: It's time to fight back against Dirty Harry...
Wife: Rep. Jesse Jackson Jr. getting treatment but 'still very depressed'...
Ethics investigation continues...

BIASED MEDIA BASH: 86% of Romney coverage NEGATIVE... { Friday Humor: (obama last campaign) "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Wow! The only explanation might be they’ve been duped by wobama along with the rest of the nation and are too embarrassed for not doing their reasonably expected due diligence on grifter obama and just won’t own up to the reality of the fraud called wobama! Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … ) Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm [ the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’] }

Boehner: Obama has 'never even had a real job, for God's sake'...
O BRINGS BACK TELEPROMPTER...
REPORT: Warnings ignored in Solyndra loan...
STOCK IMPLOSION HITS CA TAX REVENUES...

San Bernardino files for bankruptcy...
Vacant Detroit becomes dumping ground for the dead...

House urges Obama to fight UN web regulation...

Union leader strives to ease president's 'white guy problem'(insanely seeks a place in the blackpeoples’ pot-they ‘love’ that white meat)...

COPS: Teen Stabs Man 22 Times After Online Xbox Chat Turns Sour...

REPORT: White House scrambles to prevent defense cut pinkslips before election...
Chicago: 'The Deadliest Global City'...
POLL: ROMNEY PULLS TO 5 POINT LEAD...
Court Finds Obama Appointees Interfered with New Black Panther Prosecution...
UPDATE: Jesse Jackson Jr. at Mayo Clinic for depression...
REPORT: Obama's 'You didn't build that' gaffe won't bring back teleprompter...
Gorilla in zoo hangs himself...
CAMPAIGN RATTLED...
Barack Obama Sr: 'Nothing Stopping Gov't From Taxing 100% Of Income'...

POLL: Less than half of voters think president is Christian...

ROMNEY MOVES INTO LEAD AT GALLUP, RASMUSSEN...
USATODAYGALLUP POLL: Romney preferred over Obama to handle economy...

It's Official: 5 Straight Years of $1 Trillion Deficits!

OBAMA CAMPAIGN RUNS DEFICIT IN JUNE...
Spent $2.6 million -- on polling?
Paid $93k for Half-Empty Stadium Kick-Off Event...

US poverty on track to rise to highest since 1960s...

CHICAGOLAND COPS: Teens kill man in 'knock 'em down' game...

Former SEAL Team Six Commander Launches Anti-Obama Offensive...

'IT'S A FAKE'...
Sheriff Joe's Obama probe finds 'national security threat'...
Calls Congress to move on eligibility...
VIDEO: 'Every document surrounding Obama plagued with problems'...

NEXT: Compton, CA, may declare bankruptcy...
3-Year-Old Mugged in NYC...
3-year-old boy mugged -- while sitting in stroller!
Thieves Stripping Air Conditioning Units For Freon To Get High...
HORROR: Naked, Blood-Soaked Man Breaks Into 2 Homes, Kills Elderly Woman... { http://albertpeia.com/anothertypicalblack.htm Do americans feel they deserve such a fate at the hands of the uncivilized wobama blacks }
COPS: Woman Kept Friend's Corpse In Armchair For 18 Months, Watched NASCAR With It...
'He Was Only Guy Who Was Ever Nice To Me'...

FLASH: Rep. Jesse Jackson Jr. 'in Rehab'...
'Persistent sleep disorder'...
Has Been Under investigation by House Ethics Committee...
NYT: His Father's Son...
Chicago police sergeant: 'Tribal warfare' on streets...
Comparable to Iraq, Afghanistan...
WAR DRUMS: USA moving dozens of underwater craft to Persian Gulf...
TOURISM PLEA TO GODFATHER: Violent crime wave must be defused...
Algorithms now 'writing' articles for newspapers and websites...
SALES TAX IN SPAIN JUMPS TO 21% { That’ll work! }
Jon Voight defends Brad Pitt's mom after death threats for anti-Obama letter...
UPDATE: Closure of Border Patrol stations across 4 states triggers alarm...
REPORT: People losing homes for as little as $400 in back taxes...
NAACP Requires Photo ID to See Holder Speak in State Being Sued Over Voter ID (they’re such b***s***/hypocrites)?
GODFATHER UNDER FIRE AS MURDER RATE SOARS...
Chicago Mayor Appeals to Gangsters' 'Values'...
'Don't touch the children'...
RADIO STATION REPORTS REP. JESSE JACKSON, JR 'ATTEMPTED SUICIDE'...
Questions mount...
NAACP goes wild for Eric Holder...
'O: This Will Be My Last Political Campaign No Matter What'...
GALLUP: APPROVE SLIPS TO 44%...
POLL: US CHANGED FOR THE WORSE UNDER OBAMA ...
Boehner: Voters Need Not 'Love' Romney...
Man Who Introduced Obama At Rally Owes $500,000 To Former Employer...
'We sort of ran out of money'...
Obama campaign threatens donors: 'We could lose if this continues'...
Obama uses 'I' and 'me' 117 times in speech...
'Delirious' Blood-Covered Naked Man Selling Candy Kills Motel Worker In Violent Rampage...
Man holds knife to 3-year-old's face, threatened to cut out tongue...
Kudlow: Obama’s Goose Is Cooked...
Obama's Social Security Number challenged...
'American story' faces fresh scrutiny... { ‘By some counts, The Story presents more than three-dozen instances of material discrepancy where Dreams fails to align with the facts as Maraniss reports them. Case in point: Maraniss confirmed that Mr. Obama's mother, Ann Dunham, left his father, Barack Obama, Sr., a volatile bigamist, and not the other way around, as related in Dreams. Dreams also related the tale of Obama's paternal grandfather, Hussein Onyango, who was said to have been detained and tortured in a prison outside Nairobi for six months because of his brave defiance of British colonialists. But after a half-dozen interviews and other research, Maraniss deemed the tale "unlikely." Read more: http://www.foxnews.com/politics/2012/07/04/obama-american-story-faces-fresh-scrutiny/#ixzz1zmwWPuJ5 ‘ }

Ann Romney says woman being eyed for ticket...
Obama's whole campaign strategy is 'let's kill this guy' ( That’s no exaggeration, the predisposition of blacks toward whites; and, wobama can’t run on his record of failure in which he’s lied and failed! ) ...
POLL: In 15 swing states, Romney leads Obama 51% to 43%...
Romney accuses Obama of 'vicious lies' on BAIN CAPITAL...

'THE LAW I PASSED IS HERE TO STAY' { Wobama must be back on his choom pipe fantisizin’ again! }

LAND OF THE FREE: San Diego man stranded after told on 'no-fly' list...
Midwest ranchers, lawmakers protest drone flyovers...
TWITTER shares info on gov't demands for user data...
ACLU Launches Smartphone App To Secretly Record Police Stops...
'Homeland Security' Report Lists 'Liberty Lovers' As Terrorists...
Cannibal Updates: Boy bitten on neck by man in 'vampire' attack...
VIDEO: Man high on synthetic 'spice' goes on naked 'ninja' rampage...
'ZOMBIE CANNIBAL': 'I'm a eat you'...

SCORN ON THE 4TH OF JULY: Chris Rock Mocks 'Happy White Peoples Independence Day'...

TOP BLACK CHURCH BACKS HOLDER, BLASTS HOUSE...

Severed head thought to belong to Canadian cannibal's butchered lover found in park...
Pregnant woman bites off boyfriend's fingertip...

RECORD NUMBERS OF AMERICANS ON DISABILITY

NOW Mammoth Lakes files for bankruptcy!

Rep. Allen West: Obama Wants Americans To 'Be His Slave'...

4 EMAILS IN A DAY? Obama begs donors for more as Romney rakes it in...
SHOCK: Justice Dept. will not prosecute Holder for contempt of Congress... [ Justice Department shields Holder from prosecution after contempt vote FoxNews.com | The Justice Department moved Friday to shield Attorney General Eric Holder from prosecution after the House voted to hold him in contempt of Congress. DOJ Says It Won't Prosecute DOJ Head Holder How should we say this: we are shocked, shocked, that the DOJ won't prosecute itself. BREAKING: DOJ says it won't prosecute Attorney General Holder after the GOP-led House voted to hold him in criminal contempt of Congress – Fox see also, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm House could arrest Holder with inherent contempt power The Washington Times | The thought is shocking, and conjures up a Hollywood-ready standoff scene between House police and the FBI agents. { Eh, what the heck…you can let that go…they’re hoodied blacks, not white like Nixon, etc…; and, be sure to hold on to your wallets, purses everyone ‘cause there’s black folk in the capital! } ]

CHICAGOLAND: 7-Year-Old Girl Gunned Down While Selling Lemonade Outside Home...
MCCONNELL: 'Sold to American people on a deception'...
CURL: Gift to Romney... { This may seem somewhat counterintuitive and a bit of a rationalization; but, it is absolutely true. So true in fact, that wobama will come to be compared to Pyrrhus of Ephyrus (W. Greece) since realization of what this legislation won’t do for americans and the economy and what it actually does will not have the galvanizing effect that striking the bill down would have had on voters who were thinking ‘another free lunch from the government’ will save them (we all now know better, no such thing). Yes, in somewhat European tradition, defacto bankrupt america is keeping up with the (ie., rating agencies Egan) Joneses. After all, we all know how well this European program model is working out for Europe (and any other nation that’s tried it). In the final analysis, this and such programs as the contraindicated bailouts for the unprosecuted frauds on wall street, etc., will prove to be the ‘camel-back breaking’ moment for america; and, a pyrrhic victory for the egregiously failed president wobama. America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … }

HISTORIC: HOUSE VOTES HOLDER IN CONTEMPT...
DEM HOODIED BLACKS PLUS WALK OFF FLOOR...
Pelosi botches name of slain border agent...

Adult Chimpanzee Fatally Mauls Baby Chimp at LA Zoo...

ZIMMERMAN PASSED POLICE LIE DETECTOR...
REPORT...
Syringes litter NYC beach...

ZOMBIE: Man who took synthetic drug strangles dog, starts eating it...

POLL: Obama drops 8 points with whites...
... 13-point plunge among young voters

Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... { Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against sending the DREAM Act to the Senate floor for full consideration. The bill would have created a path to citizenship for many young illegal immigrants brought to the United States as children. Last week, Obama announced plans to stop deporting illegal immigrants who would have qualified for the DREAM Act. The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama desperation hail mary’ that once again falls short. Indeed, as an investor, one analyzes earnings, projects prospective earnings over a 3-5 year horizon, and the quality of the earnings along macro economic factors which are affected by ‘political considerations’. Does anyone remember the honorable Ross Perot who warned of NAFTA’s effect on american jobs even as the democrat administration et als were hell-bent on passing same? Should Romney have breached his legal duty to shareholders and invested in companies with poor earnings prospects? After all, in the financial / security analysis step of projecting the income statement, prospective labor costs figure prominently in the bottomline. In sum, Romney took conditions as he found them, and made the prudent choices which as per his legal duty were optimal for those who put their trust in him. For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. }
Will accept your birthday or anniversary gifts, too...

VIDEO: Obama Trips At Campaign Event In Tampa...

ZOMBIE: Naked man bites off chunk of arm...

PAPER: Obama's grandfather tortured by the British? A fantasy (like most of the President's own memoir)... { http://albertpeia.com/wobamaschoomgangfantasy.htm }

JAILHOUSE CALLS: Zimmerman told wife to buy bulletproof vest...
WAR ZONE: 7 Killed, Dozens Wounded During Obama Visit to Chicago...
More killed this year than in Afghanistan...
Bill Maher: 'The Problem With Racism Is Matt Drudge'... { Oh riiiiight! Drudge is the racist for reporting facts/reality concerning black on every color crime along with black threats. What can you expect from maher who is an null sum embarrassment/disgrace who like the italian scallion had married (and I believe is now divorced from) a black (he like booby deniro need rationalization)? } Here’s some reality for maher who doesn’t mahter:

U.S. Cannibal Updates: Doctors release first photos of Miami cannibal victim...
**WARNING: Extremely graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:

'Zombie Bullets' In High Demand Following Cannibal Attacks...
COPS: Attacker bit off large chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat Cop...
'Growled, opened and closed his jaw'...
Woman bites wig shop owner’s bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby who unlike hoodie trayvon martin killed in self-defense (from niggers) was not a thief and was totally innocent? The tragic outcomes for ignoring the threat of the uncivilized niggers! }

http://albertpeia.com/blackonbrowncrime.htm

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

CANNIBAL UPDATES: CRUISED MIAMI IN 2010?

COPS: Canadian cannibal on run in France -- dressed as woman...

CANNIBAL CAPTURED IN BERLIN...
Arrested at Internet cafe -- looking up stories on himself!
Shady, Master of Disguise...

{ U.S. Cannibal Update }: Maryland cannibal ranted on FACEBOOK...

Ming Qu and Ying Wu Murder Case: Two arrested in the killings of ... (CBS) LOS ANGELES - Los Angeles police Friday announced the arrests of two suspects in connection with the shooting deaths of two Chinese graduate students who attended the University of Southern California, reports CBS Los Angeles. [ { Yup! Typical lawless, uncivilized niggers! The following comment to the article sums it up: ‘Three blacks shooting two Chinese students. Where is the public outcry and protests? Where are all of those that were screaming injustice when Trayvon Martin was shot?’ }

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]

FUGITIVE CANNIBAL WARNED: I CAN'T STOP KILLING...
Scary digital trail...
Gay White Porn Star Wanted by Interpol...

CANNIBAL STRIKES IN MARYLAND... { Yes, another black cannibal; with ties to wobama’s home country of Kenya, Sub-Saharan Africa. }
SHOCK DETAILS...

South Beach Cannibal 'Put Under Voodoo Curse'... {Riiiiight! That voodoo thing made him do it! Oh yeah, that and the evil white man’s bathing salts also the culprit!}
VIDEO SHOWS BIKES RIDING PAST SOUTH BEACH CANNIBAL ATTACK!
MORE GRISLY DETAILS...
'BATH SALTS' TRIGGERED SOUTH BEACH CANNIBAL { Riiiight! Fine young black cannibal, driven cannabalistic by bath salts made by those evil white overlords! How 'bout the inherent cannabilistic trait as manifested here; the recurring theme of ‘Roots’, they’ll choose white meat over dark meat every time! http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

Flash Mob of 40 Kids Storm 7-ELEVEN over Free Slurpee Promotion, Beat Manager, Raid Shelves...

REPORT: Woman viciously beaten at MCDONALD'S drive-thru...
'This is for you, you white b***ch! This is a grape soda!' { The description of the suspects - two black women and one black man - is vague. The best clue police have to go on right now is they were driving a light-blue Cadillac with temporary tags. }

HORROR: Mob of 20 'hooded blacks' storm UK pub, drag man out, stab him to death...
Half of Florida high school students fail reading test...
COPS: 19-year-old white student beaten by two separate black gangs...

Dershowitz: Zimmerman acted in self-defense. so drop murder charge...
Evidence Backs Up George Zimmerman's Version of Shooting...
Witness Told Cops: Trayvon Straddling And Punching 'MMA Style'...

New evidence in Trayvon Martin case raises more questions
Trayvon Martin's autopsy shows he had marijuana in his system the night he was killed by neighborhood watch volunteer George Zimmerman, and a gunshot to his chest came from close range, according to nearly 200 pages of previously undisclosed documents released Thursday.

ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose, Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving nigger was enraged by his being thwarted in his scope-out/plundering of Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his true story, Zimmerman was fighting for his life and ultimately saved the citizens of Florida from the future costs of the burgeoning violent, thieving typical nigger-criminal trayvon martin.}
Previous: Holder sues Florida city, says firefight test racist [ Yeah, of course, because dumb niggers can’t read, ‘rite, or do ‘rithmetic! They’re always too busy donning their little hoodies and scopin’ out neighborhoods for their pillaging, plundering, and terrorizing! ]...
Black mob beats white man unconscious on his front porch...
'Now that's justice for Trayvon' (they shout in crazed nigger fashion)...
DERSHOWITZ BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT STUPID'... [ Indeed! And, make no mistake, I never would have thought I’d be agreeing with Alan Dershowitz on anything: http://albertpeia.com/trayvonnewtawana.htm ]

BANG, BANG ‘…His surprising testimony came the same day that ABC News exclusively obtained a photograph showing the bloodied back of Zimmerman's head, which was apparently taken three minutes after he shot and killed Martin. The photo could give credence to Zimmerman's claim that Martin had bashed his head against the concrete as Zimmerman fought for his life…’

COPS: Suspect angry over Trayvon Martin death beats up white man...

Obama as a Boy Ate Dog Meat [ And, you can bet there’s canabalism in his line; his father being an african ape nigger and his mother a flaky whore; you know, that typical type that schtooped niggers back in the day! ]...
Obama campaign tries to diversify...
...looking to hire more African-Americans [ More dead-weight, contentious, unproductive make-shift, make-work, costly welfare job niggers … just what the nation, strike that, wobama campaign needs.]
Farrakhan Warns Whites: 'Unless You Change, Your End Has Come'… [ They call this a self-destructive manifestation of the Oedipal Effect: Goodbye niggers, aka unevolved apes/chimps/monkeys – Your end’s already here! Your jigs are up, and you boos are down! Everyone’s onto your nigger jive! Look in the mirror! If only you could change / evolve faster! ] ...
HOLDER PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...

'SECOND DEGREE MURDER'...
'We do not prosecute by public pressure or by petition'[B***S***!]...Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The reality is, if that were the criterion and rule, given the overwhelming prevalence of black violence, particularly black on white violence, there’d be a lot of dead niggers. Niggers are a scourge wherever they are; a black plague, if you will. The reality is that in this nation, having been overrun by niggers, americans have become the new age dinosaurs. As for tyson, the ugly little monkey that no one wanted, now full-grown angry ape, his IQ is well below the average 100. Ape tyson is just a disgrace, period. He’s a typical ignorant, violent ape/nigger. Life with ape tyson, also a convicted rapist, was described by his then (soon to be former) wife, Robin Givens, in a live televised interview with him present (you can only imagine the unsaid) as ‘hell’. He’s mentally deranged (too many head shots?), but he does profess typical nigger sentiment. (Mike Tyson vs. Robin Givens: … biggest fight | Ebony ... Eight months after Mike Tyson and Robin Givens were married on Feb. ... beatings -- she filed for divorce)

Panthers Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:
April 11th, 2012 at 9:51 pm 11 percent of population and they always have thier hands out begging for more.No matter how much you give them its never enough.Filthy animals is all they are. (Absolutely correct!)
Dandroid Reply:
April 11th, 2012 at 5:47 pm
Show trial to keep the peace? Cities will burn if hes found not guilty!
Startover Reply:
April 12th, 2012 at 12:04 am
Let the cities burn, send the Army in to finish them off
George Zimmerman is totally innocent
Trayvon is a punk ass killer (also a known thief and would be in futuro typical nigger criminal)
There is only one victim in this case and that is Zimmerman
Eduard Reply:
April 11th, 2012 at 7:28 pm
Precisely!! That was my thought. This press release sounded more like a minor league actress thanking everyone at a Grammy Award for her success. Then again, I can’t emphasize enough how despicable the “lawyer” field really is. There is no shame in it. The profession is a giant conflict of interest. Moreover, the rules of lawyer ethics always being pulpitted is nothing more than consumable fodder for the gullible. Ethics and lawyers? Laughable isn’t it? That’s like Lucifer passing out copies of the decalogue. This whole twist to the “mestizo-reported-as-a-white man” Zimmerman case has notched into a renewed effort of politicalization for formenting a racial war. …’ ]
Heroin dealer uses welfare EBT card to post bail [ Yes, he’s a nigger; with unreported cash drug income that gives him welfare as well! ] ...
New Black Panther Party chief of staff apologizes after radio outburst...
'The things that's about to happen, to these honkeys, these crackers, these pigs'...
Black residents fearful after shootings in Tulsa… [ Now they know how the ‘white folk’ feel, everywhere, every day, and the black on white violent crime stats overwhelmingly prove the reality and legitimacy of that concern! Civilized people everywhere are tired of the typical nigger b***s***! ]...
RACE WARS: ZIMMERMAN BREAKS SILENCE...
Family challenges Holder on New Black Panthers...
Hacked roadsign reads: 'Trayvon a n*****'...
CNN says 'f****** n*****' on air...
Anchor: 'N*****' Should Replace 'N-word' in News Reports...

Government Surveillance Crackdown On Internet Goes Into Overdrive...
Congressman fears Obama power grab in 'emergency'...
Fidel Castro mocks Obama over 'guayabera' diplomacy...

Rev. Wright Unleashed: 'White Supremacy' Drives 'World Policy'...
Clarence Thomas Worshipping 'Some Other God'...

REPORT: 'Stunning lack of diversity' in Obama's re-election campaign [ I’d say this is more embarrassing for the self-destructive whites who are for obama; after all, who would be foolish enough to hire the typically uncivilized, problematic, violence / crime prone, etc., blacks? ] ... { to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). }
$1 million pizza party in Detroit -- on sterling silver plates!
WHouse basketballs emblazoned with Obama's image...
HOODIE ON THE HILL...
VIDEO: Dem Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members, keep your purses close when ‘bobby bobby r’ is near; the temptation might prove to be too much for his inner rap nigger soul man. ]
Ex-Black Panther...
Another Says Trayvon 'Hunted Down Like Dog' [Well, if the shoe fits … but, actually, niggers are more like apes, monkeys that only evolved to a point… and some dog-lovers might be offended by comparing niggers to dogs. ]...
Pentagon unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those black niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]

Black Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who do these filthy niggers think they are? ] Take a look at this nigger who kills a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of Florida teen not a racist, lawyer says...
SECRET WITNESS: Self-defense... [Witness: Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different picture than we've seen so far of what happened the night 17-year-old Trayvon Martin was shot and killed.The night of that shooting, police say there was a witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to that witness.What Sanford Police investigators have in the folder, they put together on the killing of Trayvon Martin few know about.The file now sits in the hands of the state attorney. Now that file is just weeks away from being opened to a grand jury.It shows more now about why police believed that night that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told dispatchers he was following a teen. The dispatcher told Zimmerman not to.And from that moment to the shooting, details are few.But one man's testimony could be key for the police."The guy on the bottom who had a red sweater on was yelling to me: 'help, help…and I told him to stop and I was calling 911," he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only wanted to be identified as "John," and didn't not want to be shown on camera.His statements to police were instrumental, because police backed up Zimmerman's claims, saying those screams on the 911 call are those of Zimmerman."When I got upstairs and looked down, the guy who was on top beating up the other guy, was the one laying in the grass, and I believe he was dead at that point," John said.Zimmerman says the shooting was self defense. According to information released on the Sanford city website, Zimmerman said he was going back to his SUV when he was attacked by the teen.Sanford police say Zimmerman was bloody in his face and head, and the back of his shirt was wet and had grass stains, indicating a struggle took place before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun
Hoodie-Wearing niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night  ]
'There were young men scattered everywhere'... [ http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]

Buchanan: It's all about race now...
NAACP condemns nigger apeman sharpton's call for escalation in civil disobedience...
Talkradio host calls for arrest and removal from MSNBC...
Detroit Preacher: 'Isn't The Mood In This Nation That White People Are Better Than Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished truth! And, not just whites; viz., Asians, Hispanics, real American Indians, etc., and most feral beasts except dogs are better than blacks who are at best their equals, though some dog owners/lovers may dispute that. Niggers are a scourge on civilized society wherever they are. Just look around, worldwide, wherever they are, in concentrations particularly; it’s the same nigger story. That’s the way they are. That’s what they are. They are a blight on any neighborhood. They are a blight on any society and an insurmountable burden. They bring any society down. Some will argue, how ‘bout sports?, to which one may reply, ie., just because you go to horse races, doesn’t mean you want to live with horses, or, just because you have monkeys in zoos doesn’t mean you want to live with them, etc., much less cede control and affect over society to them. ] '

PARENTS OF MURDERED WHITE STUDENTS SLAM OBAMA FOR SILENCE [ Well, they’re just white folk, not niggers like obama et als. Moreover, there would be no end to the limitless requests as ‘black on white violent crime’ is at epidemic levels and by far exceeds the miniscule proportions of white on black crime. http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
George Zimmerman's father speaks for first time...
Says Trayvon threatened to kill his son...
'You're going to die tonight'...
ABCNEWS: Police video shows no blood...
Large gash on back of head?
POLICE REPORT: Bleeding from nose, head...
Network names 13-year-old witness...
'Plzz shoot da #mf dat lied 2 u!'
@KILLZIMMERMAN TWITTER feed...
First lady hits Vegas with daughters...
FLASHBACK: Obama: 'You can't go take a trip to Vegas on taxpayer's dime'...
10-car motorcade at Mount Rushmore; tourist access restricted during visit...
[ The niggers are forever so ‘in your face’ with their hypocrisy, sense of entitlement, and divorcement from reality; always pushing the bounds of niggerism to contrive an incident / controversy when rational people finally stand up and say ‘wait just one cotton-pickin’ minute’; so outlandish is the typical black jive / nigger b***s***! ]
Holder loses again: Charges against militia members thrown out … [ The corrupt, biased holder should be going after his fellow niggers, the black panthers! ] ...
COPS: Trayvon protesters ransack store … [ Any excuse for niggers to be niggers! ]...
House dems try to politicize...
Zimmerman a registered Democrat...
'You ain't tell me you swung on a bus driver'...
Multiple suspensions from school: marijuana, grafitti, 'possession of burglary tool,' jewelry...
Suspended THREE times for drugs, truancy and graffiti and 'caught carrying a burglary tool': New picture emerges of Trayvon Martin (and did he attack a bus driver too?)

• The teen was suspended from school three times
• He was on suspension when he was shot in February, after officials caught him with a 'marijuana pipe' and a baggie with drug residue
• Trayvon was kicked out of school in October for graffiti after he was allegedly caught with a 'burglary tool' and a bag full of women's jewelry

• Officials also suspended him once for skipping school and tardiness

· Trayvon Martin was suspended from school three times in the months before he was shot dead by a neighborhood watchman, it emerged today.

· The facts, revealed in a leaked report, paint a different picture of a teenager who frequently found himself in trouble with authorities.

· It was also revealed that he might have attacked a bus driver, according to a Twitter account that it is claimed belonged to the teen.

The Miami Herald claims that in October, he was caught with a 'burglary tool' - a flathead screwdriver - and 12 pieces of women's jewellery. Martin insisted that they did not belong to him.

POLICE: Black teenagers light 13-year-old on fire; 'You get what you deserve, white boy'...
Typical n*****s! Come on! People are tired of making making up excuses for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white people'... [ Typical n*****s! Good thing there are food stamps; otherwise they’d be reverting to their inherent proclivity for canabalism (send them back to africa … even give them a lump sum for an irrevocable repatriation incentive … a huge cost-saving beyond the first year with substantial salutary effects for the nation, the economy, and the remaining civilized non-blacks). The other major crimes they do anyway. It’s their nature. You’ll never change the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security... [ I refrained from using the ‘n word’ (or even blacks / negroes) in referring to the culprits in the following two incidents (those tender sensibilities) but I’m sure you’ve guessed that they were niggers and I include same here in light of the foregoing incident (and yes, the victims were white), which is typical. ‘.. while walking through Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion (limbic system / adrenalin flow) I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped / a crowd gathered / an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA’s position with both felonies ( he went to prison – pled out ). The other case I wrote about here ( This was included on my website in the Psychology forum discussion of ‘bystander effect’ / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparently had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp (a police officer here in California was the object of intense criticism for having used a flashlight to subdue a criminal / nigger after a long chase so I included that here) . The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal / nigger went to jail (where they belong). The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). ]
Black Serial/Mass/Spree Killer List:
1. Matthew Emanuel Macon (Murdered and Raped 5 White Women in Lansing)
2. Jimmie Reed (Murdered his wife and his 2 month old daughter and set them on fire)
3. Shelly Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)
4. Justin Blackshere (Stabbed two white cooks at Cheli’s Chili downtown Detroit)
5. Jervon Miguel Coleman (Murdered three people.)
6. Donell Ramon Johnson (Murdered a mother and a daughter)
7. Brian Ranard Davis (6 women known murdered by nigger)
8. Paul Durousseau (Seven women)
9. Mark Goudeau “The Baseline Killer” (Eight women and a man in 2005-2006)
10. Coral Eugene Watts (11 women in Texas & 1 in Michigan)
11. Anthony McKnight (Five girls and young women)
12. Derrick Todd Lee (8 Women)
13. Charles Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15 years!)
14. The Zebra Killings (71 White people)
15. Chester Turner (L.A.s most prolific killer 12 women killed.)
16. Lorenzo J. Gilyard (Kansas City, MO.—13 victims)
17. Eugene Victor Britt (Gary, IN.–3 known murder/rapes.)
18. Reginald and Jonathan Carr (The Wichita Massacre–6 Whites murdered)
19. Ray Joseph Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people in 7 days, including an entire White family.)
20. The Tinley Park Murderer (Suspect hasn’t been found but has been described as black – murdered 5 women in a store.)
21. Henry Louis Wallace (Raped and strangled 5 women to death.)
22. Charles Johnston (Murdered 3 unarmed white men in hospital)
23. Craig Price (Brutally murdered 3 women)
24. Harrison Graham (Brually Murdered 3 women)
25. Charles Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council. )
26. & 27. Darnell Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)
28 &29. John Allen Muhammad & Lee Boyd Malvo (Sniped 11 people from a car in DC, 9 died.)
30. George Russell (3 women, WA state)
31. Timothy W. Spencer (5 killed, Arlington, VA and Richmond, VA)
32. Elton M. Jackson (12 gay men killed, Norfolk, VA area)
33. Carlton Gary (3 killed in Columbus, GA)
34. Mohammed Adam Omar (16 women, Yemen. Omar is Sudanese.)
35. Kendall Francois (8 women, Poughkeepsie, NY and surrounding areas.)
36. Terry A. Blair (8 women, Kansas City area)
37. Wayne Williams (33 many of them children!, Atlanta, GA)
38. Vaughn Greenwood (11 killed in LA)
39. Andre Crawford (10 killed in Chicago – southside)
40. Calvin Jackson (9 killed possibley more in NY)
41. Gregory Klepper (killed 8, Chicago – southside)
42. Alton Coleman (Killed 8 in the Midwest)
43. Harrison Graham (killed 7+ in N. Philadelphia)
44. Cleophus Prince (6 killed in, San Diego
45. Robert Rozier (7 killed in, Miami)
46. Maurice Byrd (killed 20 + in St. Louis)
47. Maury Travis (17 and rising, St. Louis and possibly also Atlanta)
48. Hulon Mitchell, a.k.a. Yahweh Ben Yahweh (killed 20+ in Florida)
49. Lorenzo Fayne (killed 5 children in East St. Louis, IL)
50. Paul Durousseau, (killed 6, two of which were pregnant women, Jacksonville, FL; Georgia.)
51. Eddie Lee Mosley (killed 25 to 30 women, south Florida)
52. Henry Lee Jones (killed 4 in, south Florida; Bartlett, TN)
53. Richard “Babyface” Jameswhite (15 killed in, New York; Georgia.)
54. Donald E. Younge, Jr. (killed 4), East St. Louis, IL; Salt Lake City, UT.
55. Ivan Hill (killed 6 in Los Angeles area).
56. Michael Vernon (Bronx, NY. Killed at least seven people – )
57. Chester Dewayne Turner (12 women killed in, Los Angeles)
ARREST MADE IN LOS ANGELES GRIM SLEEPER SERIAL KILLER CASE July 07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME |By Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested a suspect in the Grim Sleeper serial killer case and will charge him with 10 counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of attempted murder, Capt. Kevin McClure with the Los Angeles Police Department said.Franklin will arraigned in court Thursday morning, McClure said.The California Attorney General's office attributed the arrest to DNA collected from a relative of the suspect, in a controversial and rarely used practice known as familial DNA search.’
Of Course There Are Black Serial Killers by Lynette Holloway on  July 15, 2010 The case of the "Grim Sleeper" inspires a second look at the popular perception that serial killing is the province of clever white men.
Serial Murderers' Row July 16, 2010 The following black men are among the most prolific serial killers in U.S. history. http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus: Behind the myth that only white men commit such crimes.
Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved In Fights At Mall Of America After Rumors That Rappers Are There...

Miami Heat Players Don Hoodies...
'Dead or Alive' Poster Issued by New Black Panther Party... [ ‘Minority Report’ Division of Pre-Crime, Pre-Cogs say, ‘Dead or Alive – all niggers’ … whatever the outcome in the investigative process, the stark reality is that at least, unlike the niggers committing many more ‘black on white’ violent crimes, Zimmerman (and this is no endorsement – I won’t be looking at this one incident all that closely) was at least trying to do a good thing made necessary by the ever increasing number of brutal crimes committed by the black thugs in neighborhoods across the nation; then there’s somalian pirates, etc.. People domestically and internationally are suffering from nigger-fatigue and are totally niggered out. Oh, yeah, there are some Hollywood types who feel good about themselves having niggers around and helping niggers to help them feel better than they really are, insecure as they are, by being better than at least someone beyond fantasy. Loony george clooney is one. Dreadfully boring and with that monotone, monotonous voice and not that bright, he’s not even able to fake it on screen as an action hero (ie., batman, what a horrific miscast) wimpy pussy in reality that he is; then there’s the ‘black (sean) penn’ who cried like a baby while incarcerated for a couple of days not that long ago. The atheist jolie, so fatherly troubled as she is, has let the equally mentally troubled pitt (she so nutty she makes him feel somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be the closest she’s gotten to her black projects. Let them live anonomously (in disguise) with the niggers for some time for a real close look and then see what’s left of their predisposed love for the nigger. Then there’s the italian scallion, booby deniro; drug addled as his black wife high-tower, what a total embarrassment to Italians everywhere; even as he tried to ingratiate himself recently with niggers everywhere and particularly national embarrassment mammy michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan Africa! ]
'BLACK NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE CONTRARY ] ARE UNDER ATTACK [ SAYS NIGGER SHAKEDOWN ARTIST JACKSON] ' [ Hold on one cotton-pickin’ minute jesse, that’s not what the facts say Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d look just like any other nigger. And, don’t worry about the black vote, failed president wobama the b for b***s*** will get nearly if not all, 100% of the nigger vote! Drudgereport: Farrakhan Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks that would have to be retaliated against based upon the hushed reality of the prevalence of black on white crime? The blacks should be careful what they wish for in playing that game because the facts don’t break in their favor. ] ...

People have become weary of making up excuses for blacks (like obama, holder, etc.). At some point, as now, people should not be timid about relating the cold, unvarnished truth statistically / factually about blacks and, ie., black on white violent crime, etc..

 From Pat Buchanan: As for racism, its ugliest manifestation is in interracial crime, and especially interracial crimes of violence. Is Barack Obama aware that while white criminals choose black victims 3 percent of the time, black criminals choose white victims 45 percent of the time? Is Barack aware that black-on-white rapes are 100 times more common than the reverse, that black-on-white robberies were 139 times as common in the first three years of this decade as the reverse? We have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned out to be hoaxes. But about the epidemic of black assaults on whites that are real, we hear nothing.

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

The reality is that blacks are an insoluble problem wherever they are. That’s not going to ever change; not make-shift/make-work jobs; not programs; not anything tried or to be tried; hence, they must be treated as exactly that – problems – before a solution can be derived and fashioned. ] [ Send the niggers, including niggerbama back to sub-saharan africa! ]

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

http://albertpeia.com/todaysbusinesssummarylinks.htm

http://albertpeia.com/fbimartinezcongallard.htm

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

http://albertpeia.com

What in the World Has Happened to the FBI/DOJ?
FBI Nazi Bikers Bust FBI Nazi Group http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm

The Politicians We Have Chosen Reflect Who We Are As A Nation

http://albertpeia.com/politicalmirror.htm

Thousands Of Shocking Threats Of Violence By Obama Supporters On The Eve Of The Election
http://theeconomiccollapseblog.com
http://albertpeia.com/funlovinniggers.htm
{These dumb niggers/losers (that includes ‘the white folks’ et als self-destructively supporting unequivocally failed, jive-talking grifter, nigger obama) are nothing less than terrorists and should be treated accordingly; unless the so-called ‘war on terror’ was but a diversion from the incompetence and failure of this and prior administrations! }

16 Quotes That Show How Much People Are Freaking Out Over Four More Years Of Obama

http://albertpeia.com/16quotesfreakout.htm

Dutch court says Samsung does not infringe Apple patent [ Though contrary, american courts almost without exception and the federal system generally, are so corrupt and lacking in credibility that they really deserve no precedential, jurisprudential respect…and get none. From my direct experience: One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). ( I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! http://albertpeia.com/selfdefense.htm ) ]

The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die

http://thetruthwins.com

http://albertpeia.com/allfornaught.htm

[ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

11-8-12 RON PAUL: Election shows U.S. 'far gone'...

UPDATE: Man Beaten During Giants World Series Victory Celebration Dies...

Obama weeps again...

Record snow adds to woes in Sandy-struck region...
FEMA office on Staten Island closed 'due to weather'...
Despair deepens...
TAX HIT THREATENS VICTIMS...
Looting Reaches Epidemic Levels...
Gas Crisis Could Last Weeks...

EPITAPH FOR AMERICA: Nothing quite succeeds like failure in america. I had tried to help underdog (and outsider and former missionary and hard worker and straight shooter) Mitt Romney by coming out early and unequivocally in support of him and change in the disastrous direction of america, unequivocally in decline. Importantly, that also gave me 'license' to say what needed saying but what everyone considers politically incorrect, impolitic, or brutally honest and/but are afraid to say. The key(s) to the election debacle here were the threat of riots and violence by the typical uncivilized niggers. After all, americans generally are without doubt an inherently cowardly people and war-mongering bullies as indicated by past and recent history. I saw this first hand by particularly that screaming old lady lying on the ground, blood streaming from her mouth, purse stolen by the nigger who calmly walked away as whites among others walked, passed her by in fear (see immediately infra). Truth be told, I bit my tongue and cringed at every Romney link to corrupt, venal war criminals/criminals/mobsters bushes, cheney, trump, kean, (republicans alito, et als) etc., who have substantially damaged me (along with referenced democrats, to be fair). Then there's that contra-indicated love-fest with war mongering/war crimes nation, illegal nuke totin' israel (almost more than I could bear). On the positive side, trusting in GOD only as I do, I must confess I was happy to see the destruction of the jersey shore and appropriately, rockaway beach, queens, new york (jersey mob and gambino crime family connection). A lesson to all, Romney particularly, never trust a half-breed sicilian former federal government slug; that rotund humpty dumpty christie of jersey infamy. Amazingly, the very people who've been and will prospectively be damaged by nothing more than a mentally troubled fraud, grifter, jive-talking b***s***/con artist obama, gave him the blind support he needed to prevail regardless of his unequivocally failed four years of prior broken campaign promises, reality, and rationality. Self-destructive, mentally challenged/troubled losers? That fits! That america is a hopelessly failed, bankrupt nation in decline, there is no question!

MSNBC Yet Again Implies Criticism of Obama Is Racist Paul Joseph Watson | General Electric-owned (49%) network is earning its federal bailout money. [Yet, it's holder / wobama who're the racists ... Robinson: King's dream remains unrealized (Washington Post) [ Yeah! That 'content of their character' thing's a b***ch to live up to ... just don't measure up! What's a white person to do, especially when black atty. General Holder with fellow black Obama's tacit approval is racist himself (themselves) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...'ignore cases that involve black defendants and white victims '. Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white people'... [ Typical ... ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security...

[ .. (the following incident is my personal experience: black perps, white victims)' ... while walking through Military Park (a sliver of a 'park' - more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion (limbic system / adrenalin flow) I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped / a crowd gathered / an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA's position with both felonies ( he went to prison - pled out ). The other case I wrote about here ( This was included on my website in the Psychology forum discussion of 'bystander effect' / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparently had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp (a police officer here in California was the object of intense criticism for having used a flashlight to subdue a criminal after a long chase so I included that here) . The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal went to jail (where they belong). The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so. I was also mugged by 4 blacks and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves 'whites' http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm ]

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

Thousands Of Shocking Threats Of Violence By Obama Supporters On The Eve Of The Election
http://theeconomiccollapseblog.com
http://albertpeia.com/funlovinniggers.htm
{These dumb niggers/losers (that includes ‘the white folks’ et als self-destructively supporting unequivocally failed, jive-talking grifter, nigger obama) are nothing less than terrorists and should be treated accordingly; unless the so-called ‘war on terror’ was but a diversion from the incompetence and failure of this and prior administrations! }

It Doesn't Matter

ZeroHedge.com on 11/06/2012

It’s really hard to ignore what’s happening today; the election phenomenon is global. The entire world seems fixated on this belief that it actually matters who becomes the President of the United States anymore... or that one of these two guys is going to ‘fix’ things. Fact is, it doesn’t matter. Not one bit. And we’ll show you why mathematically... This is not a political problem, it’s a mathematical one. Facts are facts, no matter how uncomfortable they may be. Today’s election is merely a choice of who is going to captain the sinking Titanic.

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm { Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

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

http://albertpeia.com/todaysbusinesssummarylinks.htm

http://albertpeia.com/fbimartinezcongallard.htm

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

http://albertpeia.com

What in the World Has Happened to the FBI/DOJ?
http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm

Investors Fear More Than Just a 'Fiscal Cliff'Posted by: RickAckermanPost date: 11/07/2012 - The Dow plunged 313 points yesterday, but don’t believe news media reports that it was the nearness of the “fiscal cliff” that caused the selloff. What spooked investors is a bigger picture that... http://albertpeia.com/worsethanfiscalcliff.htm

The Three Items Every Investor Needs to Be Aware of Going Forward

November 7, 2012 http://gainspainscapital.com

http://albertpeia.com/3items.htm

Dutch court says Samsung does not infringe Apple patent [ Though contrary, american courts almost without exception and the federal system generally, are so corrupt and lacking in credibility that they really deserve no precedential, jurisprudential respect…and get none. From my direct experience: One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). ( I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! http://albertpeia.com/selfdefense.htm ) ]

The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die

http://thetruthwins.com

http://albertpeia.com/allfornaught.htm

[ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

19 Numbers Which Prove That America Is Turning Away From Christianity

http://albertpeia.com/19numbersusturningfromchristianity.htm

Warnings That A Massive Stock Market Crash Is Imminent http://albertpeia.com/massivestockmarketcrashimminent.htm

MiND oF a KeYNeSiaN

http://albertpeia.com/catsareamazing.htm

American Media Drums Up Support for War … Again Posted by: George Washington Post date: 09/28/2012 - Israel Versus Iran: What’s REALLY Going On …Will Israel Blow Up Something and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and nobody else came. After all, israel will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good for israel is not so good for the rest of the world, and america particularly. Indeed, israeli agents were caught cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission accomplished? It was rather pathetic if not absurd to see netanayahoo talk about the ‘Iranian red line’ when israel’s past the red line many times over with their illegal nuke program and deployment of in excess of 200 illegal, undeclared nukes. }

11-7-12 WALL STREET ALARM...
Stocks 'cringe'...
'SUGAR HIGH' ENDS...

LIMBAUGH: 'I went to bed last night thinking we lost the country'...
HANNITY: 'Allure And Appeal Of Socialism Has Taken Hold'...
LEVIN: 'Unvarnished Truth' On Romney Loss...
SAVAGE: 'Our society is being turned into prison camp'...

California Votes for Higher Taxes...

OBAMA WINS 39% OF (SELF-DESTRUCTIVE, SELF-LOATHING) WHITES...

ANTI-OBAMA PROTESTS ESCALATE AT UNIVERSITY

Athens Erupts in Riots During Key Austerity Vote...

It Doesn't Matter ZeroHedge.com on 11/06/2012 It’s really hard to ignore what’s happening today; the election phenomenon is global. The entire world seems fixated on this belief that it actually matters who becomes the President of the United States anymore... or that one of these two guys is going to ‘fix’ things. Fact is, it doesn’t matter. Not one bit. And we’ll show you why mathematically... This is not a political problem, it’s a mathematical one. Facts are facts, no matter how uncomfortable they may be. Today’s election is merely a choice of who is going to captain the sinking Titanic.

Vote Obama or Romney, but stocks still overpriced: Rosenberg Marketwatch November 6, 2012 ‘Election Day is an opportune time to check in with David Rosenberg, the plain-speaking chief economist and strategist at Canadian investment manager Gluskin Sheff + Associates. From his perch north of the U.S.  in Toronto, Rosenberg looks at the U.S. presidential election from the edge of the so-called fiscal cliff and the tough budgetary decisions that await the election winner.What Rosenberg sees is a nation where stocks are 20% overpriced against a U.S. economy that faces, if not an outright recession, then a “growth relapse” that would trim GDP expansion to around 1% at best.“The economy is still in the throes of a multi-year credit contraction phase,” Rosenberg told clients in a research note published Tuesday. “What we can expect is for the pace of activity to weaken substantially during periods when [Federal Reserve] stimulus fades.”No matter who wins the presidential election, Rosenberg adds, Washington will tighten its belt in 2013 – the only way “to put the nation’s finances on a more stable footing.”Rosenberg’s outlook clearly isn’t the best backdrop for stocks: “The market is not as cheap as the pundits, who rely on year-ahead EPS estimates, deem it to be,” he wrote. “When one incorporates cyclically adjusted corporate earnings in ‘real’ terms, equities are still roughly 20% overvalued.”To correct this imbalance, stocks will trade down to a price-earnings multiple of around 12 with a 4% dividend yield on the Standard & Poor’s 500-stock index SPX +0.84% . That said, Rosenberg isn’t herding investors into the lifeboats. He’s bullish on themes that reflect the frugal consumer, including discount retailers, home improvement and food and beverage staples. Rosenberg also taps non-cyclical sectors such as aerospace and health care. He favors income-producing stocks and bonds, and likes gold miners over bullion.These conditions reflect a secular, sideways market that began in 2000 and historically runs 16 to 18 years, Rosenberg says. In such a market, he adds, investors have to be nimble: “Rallies are to be rented, not owned.”When can investors expect to see a new bull market? Says Rosenberg: “We likely have a long way to go.”– Jonathan BurtonFollow the Tell on Twitter: @thetellblogFollow Jonathan Burton on Twitter @mktwburton ‘

11-6-12 Election Judge Wears Obama Cap While Checking in Voters in Chicago Ward...

Obama Mural in Philadelphia Polling Place...
UPDATE: Judge orders mural to be covered...
Obama Poster Hanging in Florida Polling Station...

Black Panthers Return to Philly Polling Site...
VIDEO...
GOP poll inspectors being forcibly removed -- replaced by Democrats...
Judge issues order to reinstate...
CHAOS...

FINAL RASMUSSEN: R 49% O 48%...
FINAL BATTLEGROUND: O 47% R 47%...
Goeas: Romney 50.3%, Obama 48.8%...
R 40,454,933
O 39,423,072*
FOUR MORE TEARS

BIDEN: 'I'm Going To Go Back Home, Run For County Council Or Something'...
Who Wants A President Who Will Lie To You? Asks -- BILL CLINTON? { Well, we all know of the many crimes of clinton, we must forget his televised proven lie since he didn’t know what the meaning of the word ‘is’, is. Another psychopathic mental case rivaling wobama’s own psychogenic/dissociative amnesia. }

Rep. Jesse Jackson Jr. wins reelection -- from Mayo Clinic!

http://albertpeia.com/zh1.gif

http://albertpeia.com/zh2.gif

Investment Outlook November 2012 William H. Gross http://albertpeia.com/grossoutlook.htm

Obama Campaigns In Vegas While Storm Victims Defecate In The Hallways And Rummage Through Garbage Dumpsters For Food http://albertpeia.com/obamaseternalcamtheirpain.htm

Flawed Poll Models Underestimating Romney’s Lead Posted by: ilene Post date: 11/01/2012

Will Frustrated Homeowners And Armed Posses Take Matters Into Their Own Hands As Home Invasions Rise?

http://albertpeia.com/selfdefense.htm

Spain Offers Yet Another Impossible Solution to Its Problems http://albertpeia.com/todreamtheimpossibledream.htm , Anarchy Along The Jersey Shore And On Long Island In The Aftermath Of Hurricane Sandy http://albertpeia.com/anarchyjerseynewyork.htm

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm { Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

Americans Aged 18-29 Have A More Favorable Response To Socialism Than To Capitalism ZeroHedge.com 11/01/2012 { That’s largely because they’re living in a failed socialist plutocracy and have a failed socialist/pro-communist president, all under the guise of a capitalist/free society/democracy; which of course, the latter being an absolute fiction. Quite simply, they’ve never even seen capitalism. } In the prior post, we showed a presentation that looked at America from the perspective of a corporation and how it would be completely unsustainable. Luckily, there is little probability that America will ever have anything to do with S-Corp status, and far more likely end up as an agrarian Kolhoz. The reason: based on a Pew survey of America's youth, or those aged 18-29, more have a positive view response toward Socialism than they do toward Capitalism. We will leave it at that. , USA, Inc. - Part 2: If America Were A Corporation, It Would Be Broke-er When Mary Meeker, formerly of pre-IPO bubble analyst fame, released her "USA, Inc." presentation last year, which assayed the US government as if it were a corporation, her conclusion was simple: the country is broke, and can not continue along the path it is on now. Fast forward to today, when the US debt balance is over $1 trillion higher, and the next edition of Mary Meeker's presentation which she released at last week's Ira Sohn conference. Her conclusion: the US is now broke-er than ever. , Starting Off With A Bang: In First Month Of Fiscal 2013, US Adds $195 Billion In Debt , Hurricane Sandy Satellite Photos: Before And After http://albertpeia.com/jerseyshorebeforeaftersandy.jpg , Dumpster Diving In The Lower East Side , As Redemptions Surge, The Dreaded Hedge Fund "Gate" Is Back , GM Channel Stuffing Soars To Record

Flawed Poll Models Underestimating Romney’s Lead Posted by: ilene Post date: 11/01/2012

Bloomberg: In Your Face Warming Propaganda Prisonplanet.com | Meanwhile actual scientists disagree. { bloomberg’s actually proven himself to be the failed flake of new york historic proportion; from soda, to smoking tobacco (as in california, only crack, marijuana, etc., are allowed), to encouragement of the ‘fraudulent-wallstreet-centric’ climate, etc.. He also if you’ve watched closely, seems to have gotten very weird indeed. Prescription drugs maybe? Valium? Prosac, etc.? }

It Begins: Ecuador Demands Repatriation Of One Third Of Its Gold Holdings

Zero Hedge | Ecuador’s government wants the nation’s banks to repatriate about one third of their foreign holdings to support national growth.

Cleanup of Sandy expected to add billions to the national debt

Natural News | Well, it didn’t take long after Hurricane Sandy passed into history as the largest storm of its kind in several generations for someone in Washington to call for billions in new federal spending to compensate for its damage.

Why Germany Wants to See its US Gold { Good luck with that … I don’t think so … maybe a few token bars but not the now predominant tungsten goldplate http://albertpeia.com/foolsgold.htm } Spiegel | For decades, almost half of Germany’s gold has been stored deep below the Federal Reserve Bank of New York. Now, with the euro crisis swirling, German politicians are asking their central bankers to take stock.

NY state asks feds to cover all $6 billion in storm costs... { Between wall street frauds/bail outs in the trillions, outright theft from the new york fed, a major hub of organized crime, etc., in the trillions, what a national drain new york is! }

The cost of Sandy FOX gerri willis The price of any natural disaster is a high one, economically speaking, but the breadth of this storm, and it's location, make it especially large. 

13 cities going broke Stockton, Calif., (left) tops the list of U.S. cities in dire financial straits. See what other areas are drowning in recession-induced red ink.

Storm washes away much of 'Jersey Shore' town

11-1-12 ABCWASHPOST:O48%R48%...

Republican National Committee alleges voting machine troubles in Nevada, other swing states...

Gas Shortages May Not End for Another Week...
Fear Turns to Frustration, Anger...
Fistfights, Guns Drawn...
'You're not getting gas tonight'...
Lines grow...
Some Siphoning From Cars!
'I'm pretty pissed'...
Troopers deployed to gas stations...
Stars throw extravagant Halloween party despite destruction...
Commuter Delays Rage...
NYC Official: Red Cross 'Absolute Disgrace'...
Looters Dress Like Con Edison Workers to Gain Access to Houses...
Staten Islanders Plead for Help: 'We Need Food'...

OBAMA LEFT THEM BEHIND: HUNGRY DUMPSTER DIVING IN NYC

BLOOMBERG PLAYS POLITICS WITH SANDY; ENDORSES O AS 'CLIMATE CHANGE' LEADER...
State Dept never called for military back up...
BUCHANAN: Hillary's head should roll...

New ADP Count Slashes Job Creation for September...

NY state asks feds to cover all $6 billion in storm costs... { Between wall street frauds/bail outs, outright theft from the new york fed, etc., in the trillions, what a national drain new york is! }
Tempers flare in NJ city where thousands stranded...

DAILY CALLER: Women claim Sen. Bob Menendez [D-NJ] paid for sex in Dominican Republic...
VIDEO...
'We're not going to respond'...
FLASHBACK: Senator Called for Secret Service Agents to be fired over prostitution scandal...

Republican National Committee alleges voting machine troubles in Nevada, other swing states...
James Baker: 'Not Entirely Unlikely That We Might Have A Recount'...

DICK MORRIS: Here comes the landslide...
Romney Campaign: The Fundamentals Favor Us...
Rove: Sifting the Numbers for a Winner...

Denver Dem Mayor Goes To Wisconsin And Says Obama Getting Beat In Early Voting...

New ADP Count Slashes Job Creation for September...
OHIO: MORE VOTING PROBLEMS AS BALLOT CAST FOR ROMNEY COMES UP OBAMA...

Congress steps up demands for info on Benghazi attack...
White House dodges...
FACEBOOK Censors Navy SEALS to Protect President...
'The mysterious media Benghazi bugout'...
Hannity on WH Audio Tapes: 'I've Heard They Are Damning'...
WASHPOST: 'LINGERING QUESTIONS'...
LENO: 'Don't ask, don't tell is back ... Obama's new policy for questions about Libya'...

REPUBLICANS HAVE WON EVERY NOV 6TH PRESIDENTIAL ELECTION SINCE 1860...

Dianne Feinstein: No need to debate Republican opponent... { Riiiight! Things are going so swimmingly (as in drowning) for the nation and california particularly. Actually, I responded to a ‘generic’ email / facebook request from her with my subsequent request that she help to elicit a formal response from the FBI as promised regarding the RICO matters (the other incompetent, failed perrenial senator barbara boxer actually had ‘made her presence known’ in the corrupted process regarding usdcj matz/lester and the default of the u.s. which missed the filing date which error was compounded by the misstatement of the rule in court on the record by asst. us attorney robert i. lester); but, no response... http://albertpeia.com/selfdefense.htm [ One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! ]

11-5-11 Dear Congresswoman Roybal-Allard:

The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:

‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’

Sincerely,

Albert L. Peia

America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm

Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

Guest Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words! It’s been my direct experience for quite some time now and is quite a pathetic scenario! } Legal precedent means nothing. Rule of law means nothing. Free speech means nothing. Their own treaties mean nothing. It’s unbelievable. Anyone in the west who honestly thinks he’s still living in a free society is either a fool or completely out of touch. If that seems too radical an idea, consider that ECUADOR is now the only nation which stands to defend freedom and human rights against an assault from the United States, the United Kingdom, and their spineless allies. The west has just become a giant banana republic. Have you hit your breaking point yet? If not now… when? { { I’m really constrained to interject my own direct experience with the FBI here; and, I must say I do so lamentably. If you want no real results vis-à-vis organized crime which now extends to the upper reaches, highest levels of the corrupt u.s. government, go to the FBI. I discounted the new jersey FBI as just typical corrupt, mob infested jersey which thinks in terms of discos/casinos. But, truth be told, they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their (understated) crime stats for even a second. I’m beginning to feel foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters directly who seem to have at least some sense of the magnitude of the fraud involved and the pervasive corruption of the system and government and maybe a semblance of honor in this nation of protracted decline. It never would have occurred to me back when for me, such a choice/decision was clear-cut and simple. Such a course as mine I no longer could recommend inasmuch as there is little difference between state/government sponsored crime/corruption and that perpetrated by other criminal elements, from my direct experience with both, infra: Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some federal workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the properties in my proceedings for which surplus funds are unaccounted for was a top floor balconied 2 bedroom 1 and 1/2 bath condominium (beach/boardwalk front w/indoor pool/sauna) in seaside heights, n.j. –10-31-12 Post Sandy: I’m wondering if it’s still there. ). But debauchery an american specialty? Another rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in the illegal drug trade). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city boy louis freeh, labeled by former Prosecutor Larry Klayman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.

Somebody Should Start The 'Stuff Costs Too Much' Party

http://theeconomiccollapseblog.com

http://albertpeia.com/inflationrisingfastandfurious.htm

Will Frustrated Homeowners And Armed Posses Take Matters Into Their Own Hands As Home Invasions Rise?

http://albertpeia.com/selfdefense.htm

[ One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! ]

Obama’s attacks on Romney belittle presidency Marketwatch { Indeed! Come on! What can wobama say? He has but a record of abject failure to run on! And, the record IS unequivocally utter failure! All the choom fantasy, fellow nigger intimidation and threats will not change that fact! Drudgereport 10-23-12: Obama Supporters (niggers et als) Continue Threats To Riot, Assassinate Romney... }

Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm

50 Crazy Things That Obama Supporters Are Threatening To Do If Romney Wins

http://albertpeia.com/50crazythingswobamasupportersthreatening.htm

{ The question is do americans have the courage to stand up to the uncivilized terrorist niggers by giving the deserved boot to an egregiously failed president obama who has proven himself to be a typical jive-talking b***s*** nigger himself! Or, are americans going to cower in fear of the nigger threats and prove to the world they are but cowards of a failed nation. }

New Threats to Riot if Obama Loses Election... [ The threats alone are a reason sufficient for backing President Romney. If left unchecked, the nigger terrorists will be even further emboldened to their already egregious criminal, terroristic ways. No man, woman, or child will be safe if the lethal black cancer grows. The 4 years of O have been complete, utter failure and no amount of wobama b***s*** and nigger intimidation can change that fact! Quite simply, niggers are inherently criminal terrorists: Examples of what people are saying include the following;

“If obama dont get re-elected & romney wins .. on life every white persons getting pistol whipped and im startin a riot.” (SOURCE)

“If Obama don’t win lets start a riot so Romney know what he’s getting himself into.” (SOURCE)

“You know you ain’t shit if you gotta “MAKE” Mafukas vote for ROMNEY ! …. Mannnn OBAMA better get back in office . Or BLACK FOLKS will riot.” (SOURCE)

“If Romney wins im goin on a rampage.” (SOURCE)

“If Mitt Romney wins the election I think its our duties as Black folks to riot and fuck shit up.” (SOURCE)

“If every action IS met with an equal and opposite reaction ..what should workers do to employers if Romney’s elected? #Riot in the streets!!” (SOURCE)

“If Romney becomes president let’s all start a riot.” (SOURCE)

“If romney wins, imma start a mf’n riot! Rns.” (SOURCE) ]

…Worse Than 2008?

http://albertpeia.com/worsethan2008.htm

{ The only reason that it doesn’t appear that way here yet (though still quite bad) is because of the profligate spending of money the nation doesn’t have to hide obama’s egregious failure as president; exacerbating the nation’s already dire predicament economically and otherwise. }

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family

http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

{ Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }

Did the final presidential debate do anything to influence who you will support in ... NBCNews.com  { The following comment is correct. The other aspect is that people are seemingly pathetically ignoring that O’s last 4 years have been an abject, utter failure in spectacularly unprecedented fashion. A sad commentary on the state of the nation when such blatantly clear reality is ignored by so many, including those who should know better.} ‘Obama has told no truth in 4 years. He can't wave his hand and ignore sequestration. We need a leader not a liar. Romney is our only choice.’

50 Crazy Things That Obama Supporters Are Threatening To Do If Romney Wins

http://albertpeia.com/50crazythingswobamasupportersthreatening.htm

{ The question is do americans have the courage to stand up to the uncivilized terrorist niggers by giving the deserved boot to an egregiously failed president obama who has proven himself to be a typical jive-talking b***s*** nigger himself! Or, are americans going to cower in fear of the nigger threats and prove to the world they are but cowards of a failed nation. }

Debates 'diminished' Obama, says Romney "You can boil down what he's saying to four simple words: more of the same," Romney said today in Reno. { I’m truly astounded that after 4 years of b***s***, lies, profligate spending for obfuscation but much vacation, and consequent unequivocal failure, people are even listening to, much less ‘buying’ what wobama desperately says. Not even a word from 0 is worth listening to. That includes those who should supposedly know better. Moreover, self-respect requires that americans reject wobama’s desperate campaign slings, arrows, and desperate entreaties which ignore the reality of his blatant failure in large part owing to his having failed to do as promised last ‘eternal campaign’. Then there’s the threats and intimidation from the niggers who are like ignorant, vicious animals in lockstep accord with the abject and utter presidential failure obama; yet, such typical ‘clannish’ racism by blacks is virtually ignored and rational opposition to the failure spelled ‘0’ is being cast as racist. How can any nation survive such contraindicated insanity. I’m truly amazed! }

Why Greg Smith Left Goldman: Wall St. Now an 'Eat-What-You-Kill System'

Dutch court says Samsung does not infringe Apple patent [ Though contrary, american courts almost without exception and the federal system generally, are so corrupt and lacking in credibility that they really deserve no precedential, jurisprudential respect…and get none. From my direct experience: One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). ( I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! http://albertpeia.com/selfdefense.htm ) ]

The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die

http://thetruthwins.com

http://albertpeia.com/allfornaught.htm

[ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

19 Numbers Which Prove That America Is Turning Away From Christianity

http://albertpeia.com/19numbersusturningfromchristianity.htm

Warnings That A Massive Stock Market Crash Is Imminent http://albertpeia.com/massivestockmarketcrashimminent.htm

MiND oF a KeYNeSiaN

http://albertpeia.com/catsareamazing.htm

American Media Drums Up Support for War … Again Posted by: George Washington Post date: 09/28/2012 - Israel Versus Iran: What’s REALLY Going On …Will Israel Blow Up Something and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and nobody else came. After all, israel will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good for israel is not so good for the rest of the world, and america particularly. Indeed, israeli agents were caught cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission accomplished? It was rather pathetic if not absurd to see netanayahoo talk about the ‘Iranian red line’ when israel’s past the red line many times over with their illegal nuke program and deployment of in excess of 200 illegal, undeclared nukes. }

10-31-12 DICK MORRIS: Here comes the landslide...
Romney Campaign: The Fundamentals Favor Us...
Rove: Sifting the Numbers for a Winner...

Denver Dem Mayor Goes To Wisconsin And Says Obama Getting Beat In Early Voting...

New ADP Count Slashes Job Creation for September...
OHIO: MORE VOTING PROBLEMS AS BALLOT CAST FOR ROMNEY COMES UP OBAMA...

Congress steps up demands for info on Benghazi attack...
White House dodges...
FACEBOOK Censors Navy SEALS to Protect President...
'The mysterious media Benghazi bugout'...
Hannity on WH Audio Tapes: 'I've Heard They Are Damning'...
WASHPOST: 'LINGERING QUESTIONS'...
LENO: 'Don't ask, don't tell is back ... Obama's new policy for questions about Libya'...

REPUBLICANS HAVE WON EVERY NOV 6TH PRESIDENTIAL ELECTION SINCE 1860...

Dianne Feinstein: No need to debate Republican opponent... { Riiiight! Things are going so swimmingly (as in drowning) for the nation and california particularly. Actually, I responded to a ‘generic’ email / facebook request from her with my subsequent request that she help to elicit a formal response from the FBI as promised regarding the RICO matters (the other incompetent, failed perrenial senator barbara boxer actually had ‘made her presence known’ in the corrupted process regarding usdcj matz/lester and the default of the u.s. which missed the filing date which error was compounded by the misstatement of the rule in court on the record by asst. us attorney robert i. lester); but, no response... http://albertpeia.com/selfdefense.htm [ One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! ]

11-5-11 Dear Congresswoman Roybal-Allard:

The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:

‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’

Sincerely,

Albert L. Peia

America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm

Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

, Guest Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words! It’s been my direct experience for quite some time now and is quite a pathetic scenario! } Legal precedent means nothing. Rule of law means nothing. Free speech means nothing. Their own treaties mean nothing. It’s unbelievable. Anyone in the west who honestly thinks he’s still living in a free society is either a fool or completely out of touch. If that seems too radical an idea, consider that ECUADOR is now the only nation which stands to defend freedom and human rights against an assault from the United States, the United Kingdom, and their spineless allies. The west has just become a giant banana republic. Have you hit your breaking point yet? If not now… when? { { I’m really constrained to interject my own direct experience with the FBI here; and, I must say I do so lamentably. If you want no real results vis-à-vis organized crime which now extends to the upper reaches, highest levels of the corrupt u.s. government, go to the FBI. I discounted the new jersey FBI as just typical corrupt, mob infested jersey which thinks in terms of discos/casinos. But, truth be told, they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their (understated) crime stats for even a second. I’m beginning to feel foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters directly who seem to have at least some sense of the magnitude of the fraud involved and the pervasive corruption of the system and government and maybe a semblance of honor in this nation of protracted decline. It never would have occurred to me back when for me, such a choice/decision was clear-cut and simple. Such a course as mine I no longer could recommend inasmuch as there is little difference between state/government sponsored crime/corruption and that perpetrated by other criminal elements, from my direct experience with both, infra: Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some federal workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the properties in my proceedings for which surplus funds are unaccounted for was a top floor balconied 2 bedroom 1 and 1/2 bath condominium (beach/boardwalk front w/indoor pool/sauna) in seaside heights, n.j. –10-31-12 Post Sandy: I’m wondering if it’s still there. ). But debauchery an american specialty? Another rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in the illegal drug trade). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city boy louis freeh, labeled by former Prosecutor Larry Klayman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.

New Yorkers in fuel scramble as storm-hit pumps dry up...
Sewage, Bacteria, Gasoline Found in Floodwater...
Phone addicts suffer withdrawal...
Looters target Coney Island...

Feds to hit borrowing ceiling at year-end...

GALLUP: ROMNEY UP 52%-45% AMONG EARLY VOTERS...

REPORT: GOP voting tsunami coming...

POLL: Obama dominates Romney -- in Russia...

THERE’S SOMETHING ABOUT THAT SANDY … SHE AIN’T NO LADY! http://albertpeia.com/sandyaintnolady.htm

18 Startling Quotes About The Incredible Destruction Caused By Hurricane Sandy

http://albertpeia.com/18quotesaboutsandydestruction.htm

11 Horrifying Photos Of The Devastation Caused By Hurricane Sandy

http://albertpeia.com/11horrifyingphotosofsandydestruction.htm

The East Coast In Pictures: The Morning After

Submitted by Tyler Durden on 10/30/2012 Stunning pictures of the devastation the east coast wakes up to the morning after.

Dozens killed, millions without power in Sandy's wake

The most devastating storm in decades to hit the country's most densely populated region upended man and nature as it rolled back the clock on 21st-century lives, cutting off modern communication and leaving millions without power Tuesday as thousands who fled their water-menaced homes wondered when — if — life would return to normal.

Sandy Total Loss Estimate: Up To $100 Billion

Submitted by Tyler Durden on 10/30/2012 In a stunningly accurate prediction of what to expect from a 100-year storm, the following 2011 report assessing the 'risk increase to infrastructure due to a sea level rise' provides everything you did not want to know about just how bad the situation is with recovery from Sandy's damage but were afraid to ask. Based on extrapolations from storm surge heights, the authors see a 'perfect storm' of this magnitude likely creating a total loss between $50 and $100bn. As Atlantic Cities notes, citing the report: The researchers also estimate that... it could take the subway system about 21 days to get working at 90 percent functionality. If all potential damage is considered, ...that timeline could increase to several months, and that "permanent restoration of the system to the full revenue service that was previously available could take more than two years."

Drudgereport: GALLUP: ROMNEY UP 52%-45% AMONG EARLY VOTERS...

REPORT: GOP voting tsunami coming...

POLL: Obama dominates Romney -- in Russia...

Romney suddenly plunging onto Democratic turf...
MSNBC Ridicules Romney for Collecting Food, Supplies for Sandy Victims...

FACEBOOK Censors Navy SEALS to Protect Obama on Benghazi...

Michael Moore/MoveOn.org: We will burn this motherf*cker down and c*ck-punch Romney...

THE MORNING AFTER
PHOTOS: SHOCK AND AWE...

DEATH TOLL CLIMBS ABOVE 45...
Northeast airports, transit systems slowly start moving again...
Crippled NYC subways could hamper recovery...

The $100 Billion Storm: 17 Things You Should Know About Hurricane Sandy

http://theeconomiccollapseblog.com

http://albertpeia.com/17thingsaboutsandy.htm

Where Should Gold Be Based On Inflation?

October 29, 2012 http://gainspainscapital.com

http://albertpeia.com/wheregoldshouldbebasedoninflation.htm

The World Series champion Giants return home

San Francisco Chronicle { Congratulations to the World Series Champion Francisco Giants! }

Real-Time New York City Storm Surge Tracker

Submitted by Tyler Durden on 10/29/2012

Curious how many feet of water the rats in downtown NYC are under right now? The real-time answer is available after the jump below, courtesy of the NOAA and this tide height tracker at New York's Battery.

Postcards From An Underwater New York

Submitted by Tyler Durden on 10/29/2012

Once the surge levees break, the water level just soars and covers everything in a "reverse Titanic" as the following pictures demonstrate:

Guest Post: Wealth Inequality in America

Submitted by Tyler Durden on 10/29/2012

Plenty of talk has gone into the rising income inequality that America has experienced since the early 1970s. But income is merely a wealth flow, and the truer measure of equality is the distribution of net worth and financial wealth (the wealth stock). The historical change is clear: the bottom 80% have gotten considerably poorer both in financial wealth and in terms of total net worth.

How Central Bank Policy Impacts Asset Prices Part 5: How Far Can They Go?

Submitted by Tyler Durden on 10/29/2012

With the unlimited asset purchase announcements by the Fed and ECB recently, the limits of balance sheet expansion will be put to the test. The current levels would have been seen as inconceivable a mere few years ago and now it seems business-as-usual as investors have become heuristically biased away from the remarkable growth. The problem is - central banks are missing inflation targets and credit growth is still declining - need moar easing, forget the consequences.

Financial District Goes Dark As Con Ed Cuts Power To Lower Manhattan

Submitted by Tyler Durden on 10/29/2012

As we warned earlier - due to the flooding from the storm surge - ConEd has cut power to parts of lower Manhattan:

• *CON EDISON CUT POWER TO PARTS OF LOWER MANHATTAN, SPOKESMAN SAY
• *CON EDISON CUT POWER EAST OF BROADWAY, SOUTH OF WALL ST TO TIP
• *POWER CUT BETWEEN WALL, FRANKFORT, WILLIAMS & EAST RIVER :ED US
• *CON EDISON CUT POWER TO PROTECT LINES FROM HURRICANE FLOODING

'Dark Pools' comes to mind as the financial district is blacked out.

Hurricane 1: Construction Crane 0

Submitted by Tyler Durden on 10/29/2012

Nature came, saw, and showed the city that never sleeps and those for whom money is no object in exchange for a penthouse apartment in the very same building, what a true "master of the universe" is. The actual crane collapse clip below...

S&P Futures Resume Trading Under 1400

Submitted by Tyler Durden on 10/29/2012

While hardly the biggest priority for NYC at this time, where rats in downtown New York of all varieties are doing their best to scramble away from the flood and get to higher territory, futures have just resumed trading for the overnight session, only to close before the average retail investor can buy or sell tomorrow at 9:15 am. The first trades indicate a resumption of this morning's weakness, but keep the 1400 support area in mind: if solidly taken out this may be Waterloo for the Fed for this year. And while normally we would expect the futures to get a NY Fed-assisted ramp that would make the TSX last second surge seems like a joke, the just released news from AAPL could well shake the bulls out of their trance, and finally force the world's biggest hedge fund hotel (230 hedge funds long) to puke and take the entire market with it. As we post, S&P 500 futures are sliding to 1397.5 (down over 10 points) - in line with where we noted they would trade at today's 'pretend' market close.

Drudgereport 10-29-12: ELECTION PROJECTION: R 52% O 47%...
GALLUP MONDAY: R 51% O 46%...
OH: R 50% O 48%...

MN: O 47% R 44%...
GALLUP: Obama's Job Approval Drops 7 Points in 3 Days...
Adopts tone of challenger...
DES MOINES REGISTER Endorses Romney...
OLIVER STONE RIPS PREZ: 'Took bad situation, made it worse'...

CHICAGOLAND: 435th Homicide Matches Total For All Of 2011...

Romney hits auto bailout as CHRYSLER moves Jeep production to China...
OBAMA: 'Hurts my feelings the most'...
Report: FIAT now says Jeep may move to Italy...

Vandal Keys 'Obama' Into Cars Of Residents Supporting Romney...
Large Amounts Of Nails Dumped In Parking Lot At Tea Party Rally...
Church sign defaced...

Madonna booed after touting Obama during Concert...

REPORT: Obama camapign takes money from 'Osama bin Laden'...

Water Level at Battery Park Reaches 11.25 feet, Surpassing Record Set in 1821...

Gangs Plan Hurricane Looting Spree Via TWITTER...
CT Gov. Closes All State Highways: 'Most Catastrophic Event We Have Faced In Any Of Our Lifetimes'...
'People Are Going To Be Fighting In The Streets Over Gasoline, Food'...
NATIONAL GUARD DEPLOYED...
UPDATE: 9,000 Flights Cancelled...
ANOTHER BLOW DAY: Federal offices in DC shut down again...

Dave’s Daily: http://www.etfdigest.com ‘MARKETS LIMP INTO THE WEEKEND 10-26-12 It seems to this observer that perhaps not much is going to happen with markets until after the election. There are just too many headwinds of uncertainty surrounding everything. Of course, there is always the unknown news event that can throw things in one direction or another but that kind of stuff is always with us. The “tell” now is with corporations who aren’t spending based on uncertainty surrounding the election, tax policies, the fiscal cliff, eurozone and so forth. Until these issues become clear we’re in stall mode. Overseas news was dominated by the Bank of Japan launching another round of stimulus on fears that it won’t be able to sell its next bond issue unless they buy it themselves. Frankly, Japan has more problems with a debt bubble than is currently in the news. Korean stocks fell on a decline in exports which isn’t a surprise. Chinese stocks fell to a 5 week low on poor earnings. Spain’s unemployment rate soared to 25% vs 24% which is stunning even as a stealth bank bailout is underway. The troika determined that a Greek bailout was still illusive combined with the country’s demand for €30 billion more was needed. (The amounts needed there will always be growing it seems as conditions fall by the wayside.) In France S&P cut ratings for both BNP Paribas and SocGen. And, even in Canada Moody’s put six banks on watch for downgrades including Bank of Montreal. Later in the day Swiss icon UBS announced it would lay-off 10K employees. Meanwhile back in the U.S. GDP data was reported at 2% vs 1.8% expected with nearly 1/3 of the gain from government spending. Consumer Sentiment, highly weighted by stock prices, was at 82.6 vs 83.1. I have more “confidence” in the Conference Board data. The big earnings news from Apple (AAPL) was panned as the stock declined while Amazon (AMZN) rose despite the large miss on earnings, revenues and guidance. As to the latter, an analyst at Needham stated the “poor report presented the opportunity for a large upside surprise on the next report” which is how WS can spin bad news. With the PE at 280 (no typo) that’s the kind of thinking that institutional robots use to invest based on analysts’ recommendations. The dollar (UUP) was flat as was gold (GLD). Commodity markets (DBC) and (USO) were also relatively unchanged  Bonds (TLT) and (IEF) were higher in price as the sawtooth trading range pattern continues over most maturities. Stocks were uninspired overall lacking certainty on issues noted above and mostly declining earnings closing flat on the day. It’s really a wait and see game for now. Volume was once again light as most investors find little incentive to get further involved now. Breadth per the WSJ was mostly negative…’, YAHOO [BRIEFING.COM]: ‘…Amazon gained 6.9% after reporting its earnings. The online retailer lost $0.23 per share. However, the number may not be comparable to the Capital IQ consensus estimate which forecast a loss of $0.10. The company's revenue of $13.81 billion was largely in-line with expectations, but management issued downside fourth quarter guidance…’ { Tell me … What’s wrong with this (foregoing) picture (of wall street insanity)? }

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm { Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

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http://albertpeia.com/22signsglobalrecessiondepression.htm

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What in the World Has Happened to the FBI/DOJ?
http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm

Guest Post: A Golden Opportunity { Wow! The truth really hurts! Difficult to imagine, however, given the ‘obsessive compulsive’ mindset of players including ‘non-muppet puppeteers’ among others‘ heavily invested in this fiasco which is an overriding dynamic, at least thus far in this comedy of errors gone global. } The euro debt crisis in Europe has presented Germany with a unique opportunity to lead the world away from monetary destruction and its consequences of economic chaos, social unrest, and unfathomable human suffering. The cause of the euro debt crisis is the misconstruction of the euro that allows all members of the European Monetary Union (EMU), currently 17 sovereign nations, to print euros and force them on all other members. Germany is on the verge of seeing its capital base plundered from the inevitable dynamics of this tragedy of the commons. It should leave the EMU, reinstate the deutsche mark (DM), and anchor it to gold. , The Complete 'Advanced' Economy Sovereign Ratings Cheat-Sheet S&P recently acted to markedly downgrade Spain, and Moody’s has ended its recent ratings review, leaving Spain at Baa3; and while ratings could remain largely stable in the short-term (supported by OMT's promise and the possible delay of GRExit), there are a few exceptions such as France and and the UK that Citi's Rates group expect to see downgrades on in the short-term. The following table provides the full breakdown of Moody's and S&P's ratings for the advanced economies along with Citi's model views - which imply weak outlooks for most of Europe in the medium-term as Greek reality hits home. , Guest Post: Putin Is the New Global Shah of Oil Exxon Mobil is no longer the world's number-one oil producer. As of yesterday, that title belongs to Putin Oil Corp – oh, whoops. We mean the title belongs to Rosneft, Russia's state-controlled oil company. With TNK-BP in its hands, Rosneft will be in charge of more than 4 million barrels of oil production a day. And who is in charge of Rosneft? None other than Vladimir Putin, Russia's resource-full president. Gazprom in control of Europe's gas, Rosneft in control of its oil. A red hand stretching out from Russia to strangle the supremacy of the West and pave the way for a new world order– one with Russia at the helm. It is not as far-fetched as it might seem – or as you might want it to be. Or imagine this: Russia could join OPEC. , Why The Real Earnings Picture Is Bad And Getting Worse Listening to the incessant chatter of confirmation bias from CNBC, you could be forgiven for thinking that earnings are 'not that bad'. Headline-makers like AMZN, GOOG, and AAPL scare for a few moments but we are reassured back to numb BTFD-land by some disingenuous analyst (or worse a PM) who says he is buying with both hands and feet. The misleadingly top-down positive impression of looking at a 'beats-to-total ratio', suffers from one rather annoying bias (that often gets forgotten):  analysts constantly revising their expectations throughout the reporting period, and hence rarely deviates from the current level of 71%. But, as Citi notes, if one examines results relative to analyst expectations prior to the reporting season, it's clear just how disappointing Q3 has been - especially given the sell-side mark-downs already factored-in.Intriguingly, for as downbeat as third quarter results have been, we've yet to see the sell-side revise down estimates for next quarter or 2013.

Vietnamese Banks Who Paid Dividend On Stored Gold, Were Quietly Selling It To Appear Solvent

Submitted by Tyler Durden on 10/26/2012

Several months ago, we reported about a troubling development in Vietnam, happy inflationary host of one of the world's most rapidly devaluing and best named currencies, that in direct refutation of Ben "Gold is not money, it is tradition" Bernanke's claim that gold is just a trinket one can fondle with no inherent value, the local banks had gone as far as paying the local residents a dividend to "store" their gold (recall all those charges against gold that it never, ever pays a dividend....). However, as we subsequently warned, any time a bank, and especially an entire banking sector, is willing to pay you paper "dividends" for your gold, run, because all this kind of (s)quid pro quo usually ends up as a confiscation ploy. Sure enough, as Dow Jones reports today, the gold, which did not belong to the banks and was merely being warehoused there (or so the fine print said), was promptly sold by these same institutions to generate cash proceeds and to boost liquidity reserves using other people's gold, obtained under false pretenses.

UBS To Terminate 10,000, Or One Sixth Of Its Employees

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http://albertpeia.com/22signsglobalrecessiondepression.htm

http://albertpeia.com

What in the World Has Happened to the FBI/DOJ?
FBI Nazi Bikers Bust FBI Nazi Group http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm

Will Frustrated Homeowners And Armed Posses Take Matters Into Their Own Hands As Home Invasions Rise?

http://albertpeia.com/selfdefense.htm

[ One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! ]

Obama’s attacks on Romney belittle presidency Marketwatch { Indeed! Come on! What can wobama say? He has but a record of abject failure to run on! And, the record IS unequivocally utter failure! All the choom fantasy, fellow nigger intimidation and threats will not change that fact! Drudgereport 10-23-12: Obama Supporters (niggers et als) Continue Threats To Riot, Assassinate Romney... }

Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm

50 Crazy Things That Obama Supporters Are Threatening To Do If Romney Wins

http://albertpeia.com/50crazythingswobamasupportersthreatening.htm

{ The question is do americans have the courage to stand up to the uncivilized terrorist niggers by giving the deserved boot to an egregiously failed president obama who has proven himself to be a typical jive-talking b***s*** nigger himself! Or, are americans going to cower in fear of the nigger threats and prove to the world they are but cowards of a failed nation. }

New Threats to Riot if Obama Loses Election... [ The threats alone are a reason sufficient for backing President Romney. If left unchecked, the nigger terrorists will be even further emboldened to their already egregious criminal, terroristic ways. No man, woman, or child will be safe if the lethal black cancer grows. The 4 years of O have been complete, utter failure and no amount of wobama b***s*** and nigger intimidation can change that fact! Quite simply, niggers are inherently criminal terrorists: Examples of what people are saying include the following;

“If obama dont get re-elected & romney wins .. on life every white persons getting pistol whipped and im startin a riot.” (SOURCE)

“If Obama don’t win lets start a riot so Romney know what he’s getting himself into.” (SOURCE)

“You know you ain’t shit if you gotta “MAKE” Mafukas vote for ROMNEY ! …. Mannnn OBAMA better get back in office . Or BLACK FOLKS will riot.” (SOURCE)

“If Romney wins im goin on a rampage.” (SOURCE)

“If Mitt Romney wins the election I think its our duties as Black folks to riot and fuck shit up.” (SOURCE)

“If every action IS met with an equal and opposite reaction ..what should workers do to employers if Romney’s elected? #Riot in the streets!!” (SOURCE)

“If Romney becomes president let’s all start a riot.” (SOURCE)

“If romney wins, imma start a mf’n riot! Rns.” (SOURCE) ]

[ Will The Election Results Cause Massive Riots To Erupt All Over America?

http://theeconomiccollapseblog.com

http://albertpeia.com/massiveriotsinamerica.htm

{ Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family

http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

{ Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }

Did the final presidential debate do anything to influence who you will support in ... NBCNews.com  { The following comment is correct. The other aspect is that people are seemingly pathetically ignoring that O’s last 4 years have been an abject, utter failure in spectacularly unprecedented fashion. A sad commentary on the state of the nation when such blatantly clear reality is ignored by so many, including those who should know better.} ‘Obama has told no truth in 4 years. He can't wave his hand and ignore sequestration. We need a leader not a liar. Romney is our only choice.’

50 Crazy Things That Obama Supporters Are Threatening To Do If Romney Wins

http://albertpeia.com/50crazythingswobamasupportersthreatening.htm

{ The question is do americans have the courage to stand up to the uncivilized terrorist niggers by giving the deserved boot to an egregiously failed president obama who has proven himself to be a typical jive-talking b***s*** nigger himself! Or, are americans going to cower in fear of the nigger threats and prove to the world they are but cowards of a failed nation. }

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http://albertpeia.com/22signsglobalrecessiondepression.htm

http://albertpeia.com

What in the World Has Happened to the FBI/DOJ?
FBI Nazi Bikers Bust FBI Nazi Group http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm

Q3 GDP Estimate Beats Expectations As Government "Consumption" Soars

Submitted by Tyler Durden on 10/26/2012

The preliminary look at Q3 GDP just came out and "beat" expectations of a 1.8% print, with a 2.0% reading (or just in line with stall speed, a number which previously has been indicative of recessions). So far so good, but as with every other pre-election economic data point out of the government, one has to look behind the headline to get the true picture. And the details are, as expected, ugly. Because of the 2.02% annualized increase in GDP, over one third, or 0.71% (compared to a deduction of -0.14% in Q2), was contributed by "Government Consumption."  This was the biggest rise in government spending in 3 years, and only the first contribution by Uncle Sam to its own GDP print since Q2 2010. So in much the same way as the September jobs print soared courtesy of government employee hiring, this same government is now juicing its own numbers to make itself look better. The real question is what the second and third Q3 GDP revisions will show, which both come, luckily, after the election. Recall that Q2 GDP initially came out at 1.5%, then was revised to 1.7%, until finally coming to rest at 1.25%.

Marketwatch: UBS to cut up to 10,000 jobs: report

Radio Update: Dow down 2% on week

U.S. stocks finish with weekly losses

Will The Bottom Fall Out? 15 Signs That Layoffs And Job Losses Are Skyrocketing

The Economic Collapse | If you still have a good job, you might want to hold on to it very tightly.

Q3 GDP Estimate Beats Expectations As Government “Consumption” Soars

Zero Hedge | This was the biggest rise in government spending in 3 years.

8,803,335: Another New Record for Disability—Up 975 Per Day Under Obama

CNS News | The number of American workers collecting federal disability insurance benefits hit yet another record high in October, according to the Social Security Administration.

David Einhorn Explains How Ben Bernanke Is Destroying America

Zero Hedge | David Einhorn knocks it out of the park with his very first statement during today’s Buttonwood Gathering.

Debates 'diminished' Obama, says Romney "You can boil down what he's saying to four simple words: more of the same," Romney said today in Reno. { I’m truly astounded that after 4 years of b***s***, lies, profligate spending for obfuscation but much vacation, and consequent unequivocal failure, people are even listening to, much less ‘buying’ what wobama desperately says. Not even a word from 0 is worth listening to. That includes those who should supposedly know better. Moreover, self-respect requires that americans reject wobama’s desperate campaign slings, arrows, and desperate entreaties which ignore the reality of his blatant failure in large part owing to his having failed to do as promised last ‘eternal campaign’. Then there’s the threats and intimidation from the niggers who are like ignorant, vicious animals in lockstep accord with the abject and utter presidential failure obama; yet, such typical ‘clannish’ racism by blacks is virtually ignored and rational opposition to the failure spelled ‘0’ is being cast as racist. How can any nation survive such contraindicated insanity. I’m truly amazed! }

Why Greg Smith Left Goldman: Wall St. Now an 'Eat-What-You-Kill System'

Dutch court says Samsung does not infringe Apple patent [ Though contrary, american courts almost without exception and the federal system generally, are so corrupt and lacking in credibility that they really deserve no precedential, jurisprudential respect…and get none. From my direct experience: One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). ( I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! http://albertpeia.com/selfdefense.htm ) ]

The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die

http://thetruthwins.com

http://albertpeia.com/allfornaught.htm

[ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

19 Numbers Which Prove That America Is Turning Away From Christianity

http://albertpeia.com/19numbersusturningfromchristianity.htm

Warnings That A Massive Stock Market Crash Is Imminent http://albertpeia.com/massivestockmarketcrashimminent.htm

MiND oF a KeYNeSiaN

http://albertpeia.com/catsareamazing.htm

American Media Drums Up Support for War … Again Posted by: George Washington Post date: 09/28/2012 - Israel Versus Iran: What’s REALLY Going On …Will Israel Blow Up Something and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and nobody else came. After all, israel will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good for israel is not so good for the rest of the world, and america particularly. Indeed, israeli agents were caught cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission accomplished? It was rather pathetic if not absurd to see netanayahoo talk about the ‘Iranian red line’ when israel’s past the red line many times over with their illegal nuke program and deployment of in excess of 200 illegal, undeclared nukes. }

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http://albertpeia.com/todaysbusinesssummarylinks.htm

http://albertpeia.com/fbimartinezcongallard.htm

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

http://albertpeia.com

What in the World Has Happened to the FBI/DOJ?
FBI Nazi Bikers Bust FBI Nazi Group http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm

10-26-12 Absentee ballots sent to U.S. military serving in Afghanistan 'destroyed in crash'...
Romney seizes on sluggish growth figures...
Burning through O's 'firewall'...
Desperation? White House Considering New Tax Cut...
R 51% O 46%...
R 50% O 47%...
R 49% O 48%...
Bust of Barack Obama's head -- made of butter! -- tours the streets of Chicago...{ And not vice versa (as in that far from reality fairy tale vis-à-vis the big Cats: the Tigers say, ‘No Way!’) as (b.s. black) sambo(bama) is goin’ down (deservingly so) for the count! }
REPORT: Vanloads of Somalians driven to the polls in Ohio... { ‘Is voter fraud being committed in Ohio?..According to the Somali Community Association of Ohio’s web site, over 45,000 Somalis live in Ohio. Only 40 percent have become citizens of the United States, and only 25 percent speak English well enough to get a job..’ …Yes, they are typical dumb niggers for wobama! }

KRISTOL: Petraeus Throws President Under Bus... {Oh, right! Petraeus doesn’t fall on his sword and sacrifice himself for the incompetent liar in chief called ‘0’ as did hillary clinton; so somehow in some twisted way that becomes Petraeus’ fault.}

Senators demand White House declassify Libya video...
CIA OPS 'DENIED HELP' THREE TIMES DURING BENGHAZI...
Father of Slain SEAL: Who Made the Decision Not to Save My Son?

OBAMA DODGES DURING LOCAL TV INTERVIEW...

In Iowa, disappointment with Obama runs deep...

Iconic NY Steakhouse 'Gallagher's,' Which Survived Great Depression, Is Closing...

Taxpayer-funded 'green' company investigated for fraud...
AUDIT: Green jobs stimulus program had 16 percent success rate...
Over $60,000 in Welfare Spent Per Household in Poverty...

Historical treasures missing from National Archives...{Yeah…time to check Fort Knox, New York Fed ($4 trillion already previously has been reported missing).}

Romney signs, American flags torched in veteran's yard... { Terrorists at work for wobama! }
R 50% O 47%...
R 50% O 47%...
R 50% O 47%...

MI: O 47% R 47%...
DETROIT NEWS endorses Romney...

Wisconsin company announces layoffs ahead of Biden arrival...

October Sets New Record For Disability Claims: 8,803,335 Collecting Benefits...

SHOWDOWN! TEXAS VOWS TO ARREST UN ELECTION 'OBSERVERS' { Yeah, the u.n. has the stand-in role for the wobama/holder-protected black panthers as pro-o intimidators.} ...

Father Of Slain SEAL: Obama 'Could Not Look Me In The Eye...Like Shaking Hands With Dead Fish'...

Video snags Dem boss in vote fraud...
Son resigns...

'HE'S A BULLSHITTER'... { Yes, obama is an incorrigible b***s***ter! He’s gotten by on b***s*** and special nigger consideration his entire life. He is a total embarrassment! } ‘Four years after he was elected as a self-described 'hopemonger' promising a new post-partisan era, President Barack Obama is trying to claw his way to re-election with an ugly, divisive campaign in which he is playing the role of fearmonger-in-chief…’ { He’s a desperate, failed megalomaniac who is also a pathological liar along with other mental issues/troubles ( WH: 'We Decline to Comment' on When President Learned of E-Mails... ) Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }

Did the final presidential debate do anything to influence who you will support in ... NBCNews.com  { The following comment is correct. The other aspect is that people are seemingly pathetically ignoring that O’s last 4 years have been an abject, utter failure in spectacularly unprecedented fashion. A sad commentary on the state of the nation when such blatantly clear reality is ignored by so many, including those who should know better.} ‘Obama has told no truth in 4 years. He can't wave his hand and ignore sequestration. We need a leader not a liar. Romney is our only choice.’

O Booed at university's Military Appreciation Day football game...
RASMUSSEN: R 50% O 46%...
GALLUP: R 51% O 46%...
R 50% O 46%...
R 50% O 47%...
R 49% O 48%...
R 47% O 46%...
OHIO: R 48% O 48%...
MI: O 47% R 47%...
Fmr Dem Chair: CO 'Worst Swing State'...
Romney, Ryan draw massive crowds in Colorado...
GOP moves into Wisconsin...
Emails detail unfolding Benghazi attack on September 11th...
6:07 PM 9/11/12: 'Ansar al-Sharia Claims Responsibility'...

HE KNEW

Obama challenges press to find flip-flops -- and they do...
Woodward: President 'mistaken' on sequester...

Clint: 'Second Term Would be Rerun of First'...

Chicago Store Owner Labeled Racist For Anti-Obama Signs...
Police: Black Woman Lied About KKK Setting Her On Fire...

Obama Has Massive Lead -- in Other Countries...
TRUMP TO OBAMA: Release college, passport applications, I'll donate $5 million to charity of choice...
Goes bust on TWITTER...
ALLRED MET OBAMA TWO WEEKS BEFORE 'OCTOBER SURPRISE'
ALLRED HITS DEAD-END IN ROMNEY DIRT DIG?
2ND HEARING SET...

SURPRISE: Feds sue BANK OF AMERICA...

RASMUSSEN: R 50% O 46%...
GALLUP: R 51% O 46%...
POLLS: ROMNEY TAKES LEAD IN FAVORABILITY...

VIDEO: Romney Wins CBS Focus Group In Ohio...

With two weeks to go (feet to the fire), president releases second-term plan (Sounds like a … non-plan; after all, what has wobama ever said/promised in a campaign that’s come to fruition … right!… 0 as in zero as in O..bama) ...

STOCKS ROCKED: DOW -200...
Obama Supporters Continue Threats To Riot, Assassinate Romney... { Tweets Reveal Obama Supporters Fueled by ‘Racial Hatred’ Paul Joseph Watson | Chris Matthews gets it wrong again. (Indeed he does!) }
MSNBC crowd boos 9-year-old girl for supporting Romney... {Oooooh! Wobamanoids are so effective in targeting the ‘opposition’!}
Son Of WI State Senator Attacked Protecting Romney/Ryan Sign... ...
5-year-old girl raised by monkeys... [ Come on … leave wobama’s daughters out of this……….. my payback (Do not talk to President Romney that way!) for President 'insulted, patronized, mocked' his opponent... What can wobama say? He has but a record of abject failure to run on! And, the record IS unequivocally utter failure! All the choom fantasy, fellow nigger intimidation and threats will not change that fact! ]

GALLUP MONDAY: R 51% O 45%...

GALLUP: R 52% 0 45%...

CO: R 50% O 46%...

Image of Romney crops up in Iowa farm field...

Chavez, Castro, Putin ( among others in the ‘pro-america’ block ) endorse Obama...

ISSA TURNS UP HEAT ON SEBELIUS...

FABER: Cut US Govt. By 50% Now!

PAPER: Obama's Blind Eye to Illegal Donors...

Taxes go up in 2013 for 163 million workers...

Man busted for throwing pennies into Dem HQ; 'All he has left after being taxed by Obama'...
SIMON: Should Obama Resign Tonight?
International (pro-obama) monitors to watch US elections...
Obama Campaign Borrows $15M from Bank of America...
Gov't Foreign Debt Now $47,495 Per Household...
$10,090/Household Owed to China...
{ Nigger Terrorist at Work Mass Shooting At Brookfield Square Mall In Wisconsin Submitted by Tyler Durden on 10/21/2012 Breaking news of a mass shooting at the Azana Salon and Spa at the Brookfield Square Mall. Details still scarce but at least 4 people reported wounded and 3 more patients expected, emergency responders are on the ground, and the mall has been put on lockdown. The shooting suspect, who is said to have used a machine gun, is still at large. Updates via @USEmergAlerts: BROOKFIELD SQUARE | U/D SUSP BLACK MALE 6'1" 270 LBS. BALD. BROWN EYES U/D BPD RQST A MILWAUKEE SWAT TEAM & FLIGHT FOR LIFE IS ALSO LANDING AT THE NE CORNER OF BROOKFIELD SQUARE | UEA555 }

Son Of WI State Senator Attacked Protecting Romney/Ryan Sign... ...

REALCLEAR MAP: Romney takes first lead in electoral college...
Closing 26-point gap, Romney's favorability rating tops Obama's for first time...
PA SHOCK POLL: R 49% O 45%...
VA: R 50% O 47%...
FL: R 51% O 46%...
GALLUP: R 51% O 45% (10-19-12)...

Lifetime Democrat Lee Iacocca Endorses Romney...

Jesse Jackson Jr. may return to Mayo Clinic...
Off campaign trail since June, checks still paid to wife's consulting firm...
Has spent $110,000 since Rep dropped off...

CHICAGOLAND: Pack of Teen Girls Arrested For Armed Robbery...

GALLUP: R 52% O 45%...

PA SHOCK POLL: R 49% O 45%...

WELFARE SOARS 32% IN 4 YEARS...
Now costs $1,030,000,000,000...
Jobless claims rise most in 4 months...
Obama DOES Have Investments In Cayman Islands Trust...
... and has a bigger pension than Romney!
Under president, for every $7 brought in by gov't, $11 spent...
REALCLEAR MAP: Romney takes first lead in electoral college...

{ Any state that President Romney doesn’t carry is going to suffer! }

NC: R 52% O 46%...

OH: O 49% R 48%...
MI: O 44% R 41%...
WI: R 49% O 48%...
R closes 11-point gap in just two weeks...
O Brags About His Appeal Among Toddlers (sure…them among other young people who don’t understand how big a failure 0 is and how substantially he’s screwed them and the nation for years to come!)...

OBAMA ON COMEDY CENTRAL: 'WHEN FOUR AMERICANS GET KILLED, IT'S NOT OPTIMAL' [ 0’s such a joker/failure/joke! ]

Violent crime jumps 18%, first rise in nearly 20 years...

GALLUP: R 51% O 45%

DICK MORRIS: Romney won the second debate...
Threats to Assassinate Republican Romney Explode on TWITTER After Debate...

REPORT: White House contradicts president's statement on Benghazi terror attack...

Despite Pledge of Open Government, Obama Prosecuting Whistle-Blowers as Spies...

'When I Was President'... { Indeed, past tense for O and more than a Freudian slip as he heralds in new President Romney, writing on the wall though noit his teleprompter!
CAUGHT ON TAPE: Michelle O Broke Rules, Clapped During Debate...
'On Nov. 7, We're Going to Party Hard'...

U of Colorado Study: 77% likelihood Romney wins popular vote...

Record High Enrollment for Food Stamps: 46,681,833...

FOURNIER: Verdict Uncertain...
TREAT: Candy gives Obama 9% more time...
TRICK: Candy 'Throws the Flag'...
CANDYLAND: Romney was 'right in the main' on Benghazi, but 'picked the wrong word'...
Another debacle for America's media...
Reporters applaud Obama's slam on Romney's wealth...
Pelley: 'Most Rancorous Debate In History'...
'Nauesating'...

Reporters Get Drunk at Debate...
LUNTZ GROUP: BIG SWING...

A Frank Luntz focus group made up mostly of former Obama voters say they now support Mitt Romney.
"Forceful, compassionate, presidential," one participant said.
"Confident and realistic," said another.
"Presidential," another told Luntz.
"Enthusiastic," another reacted.
"Our next president," one man said.
"Dynamo, winner," said one more.
"He's lied about everything. He lied to get elected in 2008, that's why I voted for him. I bought his bull. And he's lied about everything, he hasn't come through on anything. And he's been bullshitting the public," one member of the focus group said.

Farrakhan's Fiery New Warning to USA: 'Every Plague Written in Koran is Going to Come to Pass'... { farrakhan’s really only talking about (all plagues rolled into) one plague; viz., the plague of the nigger which is extant despoliation wherever the niggers are, in the worst sense! Yes, they are the other, more nefarious black plague! }

Violent crime rises sharply... ‘6:53PM EDT October 17. 2012 - WASHINGTON — The violent crime rate went up 17% last year, ending a general decline in violence that began nearly 20 years ago, according to a new federal survey of crime victims.The Justice Department's National Crime Victimization Survey also found an 11% increase in the rate of property crimes, including household burglaries and car theft.’ { Come on! Perenially understated, these understated crime numbers don’t even take into account ‘protected/unprosecuted’ wall street frauds/crimes in the trillions. And, how about those fed paper bucks that ‘fell off the fed trucks’ even just recently; kind of like those 360 tons of $100 bills ($12 billion) flown into Iraq that just ‘disappeared into thin air, etc.. }

Driver Doesn't Stop For 8 Blocks As Men ( two niggers ) Viciously Beat Woman On Public Bus...

Greece faces anti-austerity shutdown as EU meets...
'In depression'...

GALLUP: R 50% O 46%

Ross Perot endorses Romney...

GALLUP: WOMEN TURNING AWAY (from MO O)...
'Stunning He's ( obama) in Politics, Because He Really Doesn't Like People'...
TONIGHT'S DEBATE 'DO OR DIE' FOR OBAMA...
Questioners Face $4,492 Tax Increase Next Year...

BUCK STOPS WITH ME: HILLARY TAKES BLAME...
Pins confusion on 'fog of war'...
Hillary Clinton to Obama in 2008: 'The Buck Stops In The Oval Office'...

Dem Political Signs Scaring Away Customers in VA...

Camp O attacks GALLUP again...
Jesse Jackson Jr. Speaks: 'Not well'...
Thought he was 'reincarnated chariot driver'...

Battery maker with $249 million in taxpayer cash goes bankrupt...

CEO touted 'green jobs' in Rose Garden...

STATE DEPT: Negotiations to keep troops in Afghanistan past 2014...
FLASHBACK: Biden: 'We are leaving in 2014. Period'...

GOV'T STUDY CONFIRMS 'GAYDAR' EXISTS, 60% ACCURATE... http://albertpeia.com/governmentwaste.htm
Coburn calls Senate cohorts biggest waste in government...

GALLUP: WOMEN TURNING AWAY { A new USA TODAY/Gallup Poll of the Swing States shows Mitt Romney with a lead among likely voters as he strengthens his standing with women in the nation's top battlegrounds. }

New Threats to Riot if Obama Loses Election... [ The threats alone are a reason sufficient for backing President Romney. If left unchecked, the nigger terrorists will be even further emboldened to their already egregious criminal, terroristic ways. No man, woman, or child will be safe if the lethal black cancer grows. The 4 years of O have been complete, utter failure and no amount of wobama b***s*** and nigger intimidation can change that fact! Quite simply, niggers are inherently criminal terrorists: Examples of what people are saying include the following;

“If obama dont get re-elected & romney wins .. on life every white persons getting pistol whipped and im startin a riot.” (SOURCE)

“If Obama don’t win lets start a riot so Romney know what he’s getting himself into.” (SOURCE)

“You know you ain’t shit if you gotta “MAKE” Mafukas vote for ROMNEY ! …. Mannnn OBAMA better get back in office . Or BLACK FOLKS will riot.” (SOURCE)

“If Romney wins im goin on a rampage.” (SOURCE)

“If Mitt Romney wins the election I think its our duties as Black folks to riot and fuck shit up.” (SOURCE)

“If every action IS met with an equal and opposite reaction ..what should workers do to employers if Romney’s elected? #Riot in the streets!!” (SOURCE)

“If Romney becomes president let’s all start a riot.” (SOURCE)

“I Heard Mitt Romney , Tryna Take Away Food Stamps , If He Do .”IMA START A RIOT , IMA START A RIOT.” (SOURCE)

“If romney wins, imma start a mf’n riot! Rns.” (SOURCE) ]

[ Will The Election Results Cause Massive Riots To Erupt All Over America?
http://theeconomiccollapseblog.com http://albertpeia.com/massiveriotsinamerica.htm { Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm } ]

Farrakhan warns forces trying 'to keep America white'... { Another nigger threat! }
CHICAGOLAND: For second time, grandmother learns a grandson is shot to death...
5 dead, 25 wounded over weekend... { Just another day in niggerland! }

Catholic Bishops Slam Biden Remarks...
REPORT: GM has lost $6.5 billion overseas since bailout...

Pelosi claims she read entire 2700 page Obamacare bill... { Riiiiight! And, just as Woody Allen quipped about having read War and Peace at (Evelyn Wood?) break-neck speed-reading pace, ‘it was about Russia’, so too can incompetent flake, not-too-bright pelosi say, it was about healthcare. }

Arlen Specter dies... { I’m glad he’s dead! He was a truly corrupt kike, going all the way back to the warren (fiction) commission to the present. He’s helped cause a lot of damage to this country! }

Shot Fired Through Window at Obama Campaign Office in Denver...
Will The Election Results Cause Riots?
WIRE: Do black people support Obama because he's black? { Do bears s**t in the woods? Is the Pope Catholic? Come on! Everybody knows that’s the case; and, surprisingly, those self-destructive losers who are white et als supporters of obama, in light of obama’s demonstrated 4 years of failure, must be doing so this time around for no other reason as well. How totally tragic and pathetic at once! }
Presidency 'has not helped cause'...
VIDEO: Dems joke they'll get enough votes to win -- even a couple of days late!

CAMPAIGN FREAKOUT!
OBAMA LOCK UNDER 10 STATES
As Election Day nears, Romney crowds are surging...

Geithner defends (indefensible) O as deficit again tops $1 trillion...

China's yuan hits record high against dollar...
BIG BANK SCORES RECORD PROFIT!
Fed Money Pumped It Up...
WYNN: My Employees 'Filled With Anxieties These Days'...
'Every Business Guy I Know Is Frightened Of Barack Obama'...
Biden claims he voted AGAINST two wars he voted FOR...
REPORT: 'Fast and Furious' Whistleblower Fired in DENNY's Parking Lot...
PAPER: Feds now probing suspicious activity in Rep. Jesse Jackson Jr. finances...

UPDATE: Hezbollah drone may have been sent to monitor Israel's nuclear facility...
Shot Fired Through Window at Obama Campaign Office in Denver...
Will The Election Results Cause Massive Riots To Erupt All Over America?
http://theeconomiccollapseblog.com http://albertpeia.com/massiveriotsinamerica.htm { Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence! http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

FLORIDA: R 51% 0 44%...
Biden, Ryan at each other on everything...
TENSE...
CNN POLL: R 48% B 44%...
Chris Wallace: I've never seen a candidate as disrespectful as Biden...
Borger: Came Off As Condescending...
Hume: 'Cranky Old Man'...
Noonan: 'The old man pushed, and the kid pushed back'...
Biden Interrupted Ryan 82 Times?
RNC AD: THE LAUGHTER...
REALCLEAR MAP SHOWS SHIFT...
OOPS: 'One large state didn't report some quarterly figures'...
SURPRISE: Jobless claims plunge...
Officials don't ID mystery state...
Biden contradicts State Department on Benghazi security...
Romney meets with Rev. Billy Graham...
'I'll do all I can to help you'...
Hungarian-born billionaire buys airtime to warn against socialism...
Carlos Slim, World's Richest Man, Gets Richer Supplying 'Obamaphones' To Poor...

R 49% O 44%
CAN HE GET THEM BACK?
10-11-12: Ryan prepares to take on Biden...
70 million watched VP debate in '08...
Commission dismisses Raddatz-Obama connection...
Conflict of interest?
Obama Defends Debate Performance: 'I Was Just Too Choomed Out, Nothing to Say'...
Campaign tries to quell panic...
Dems frustrated by 'Big Bird' turn...
Unions struggle to help...
Jack Welch: I Was Right About That Strange Jobs Report...
Ohio Obama Rally Features Rap Rendition of 'Sesame Street' Theme Song...
ROMNEY: 'You have to scratch your head when president spends week talking about 'Big Bird''... { Indeed! But, don’t scratch too hard; after all, what else can he talk about? He can’t talk about his record of unequivocal failure. He can’t talk about broken campaign promises (that would take ages). And, he can’t talk about solutions to the nation’s problems … because he has none which he has proven in 4 wasted, failed years. Moreover, wobama’s absolutely clueless as to what to do to solve the nation’s substantial problems, some caused/exacerbated by his own incompetence and failure. }
Mother of Slain State Dept. Official Tired of Being Lied To and Stonewalled by Obama Administration...
Spain Downgraded to One Level Above Junk...
PAGLIA: FORGET OBAMA, I'M GOING GREEN PARTY...
REPORT: 'Most sophisticated, professionalized and successful doping program that sport has ever seen'...
Teammates turn on Armstrong...
26 testify... { So much for the atheist armstrong; what a total fraud! Kind of like that other armstrong american fraud; the late, but not great, moony armstrong! }
CEO explains memo threatening layoffs if Obama re-elected...
FEDEX to cut thousands from workforce...
FACEBOOK Fought SEC to Keep Mobile Risks Hidden Before IPO Crash...
STATE DEPT SPINS NEW TALE ON BENGHAZI ATTACK...

POLL: Romney leads in 11 swing states...
Takes lead in OH...
PA, WI, MI close...
Biden Has Not Sat for On-Camera Nation TV Interview in 5 Months...
CEO Threatens to Fire Employees If President Is Reelected, Raises Taxes...
Chain Cuts Workers' Hours over Obamacare...
Steve Wynn Slams Obama: 'I'll Be Damned If I Want To Have Him Lecture Me'...
Ohio Obama Rally Features Rap Rendition of 'Sesame Street' Theme Song...
ROMNEY: 'You have to scratch your head when president spends week talking about saving 'Big Bird''...
PANIC: Romney signs in VA defaced, stolen and smeared with excrement...
VIDEO...**WARNING: GRAPHIC LANGUAGE**

GALLUP: 5-POINT ROMNEY BOUNCE...
PEW: 18-point shift among women...
POLL: Romney leads among independents 51-35...
'Enthusiasm' gap 13-point spread for Republican...
R closes gap in Michigan...
R 49% O 47%
University of Colorado: Updated election forecasting model still points to Romney win...
PAPER: Why Obama's campaign is falling apart...
SULLIVAN: SOS OBAMA
VEGAS REVIEW JOURNAL ENDORSES ROMNEY...
Romney casts Obama's foreign policy as weak, dangerous...
MILITARY TIMES POLL: R 66% O 26%...
BOUNCE: R 49% O 47%
8-point shift for Romney in Colorado...
Romney raises $12 million in 48 hours...
OBAMA RAISES $181 MILLION IN SEPT -- JUST 2% OF DONATIONS REPORTABLE...
Super PAC Donor on Obama: 'Looks Like He Took My Million and Spent it All on Weed'...
TEAM OBAMA BLAMES JOHN KERRY FOR DEBATE LOSS...
Man Tells Obama: Business 'Terrible Since You Got Here'...
NH voter: ‘O Couldn't run a lemonade stand'...
SNOOP DOGG TWEETS 10 REASONS NOT TO VOTE FOR ROMNEY...
'He a white n****'...
'Bitch I will beat the sh** out of you'...
Police Union Warns 'War-Like' (nigger-town) Detroit Unsafe For Visitors...
Hands Out Flyers: 'ENTER AT YOUR OWN RISK'...
GAS PRICES SET RECORD IN CA

Filling stations across state run out, shut down...
'What are they doing to us?'
Obama fundraiser with Katy Perry to snarl traffic...
REPORT: Intelligence officials accuse administration of 'cover-up' in Libya...
WHITE HOUSE POINTS FINGERS...
Email Shows State Dept. Rejecting Request of Security Team at Embassy...
34 security personnel pulled in 6 months before attack...
Boy writes letter to editor after shelter kills cat...
'Grown-ups killed my kitty'... To the editor: My name is Rayden. I am 8 years old and I live in Logan. Yesterday grown-ups killed my kitty, my best friend, when they weren’t supposed to. Because I really don’t know how to write, my PaPa is writing down the things I think and say. My kitty’s name is Toothless. When I got him I had just seen “How to Train a Dragon” at the movies. My kitty looked just like the dragon Toothless with big green eyes and the hair around his head. Toothless, my cat, has long fluffy hair and sleeps on my bed and loved to play with my brother and me. Toothless would let us carry him around all the time. He was our best friend. Last week he didn’t come in at night. Sometimes he does that, but this time he didn’t come back. After two days my little brother Devin, who is 5, and I went to every house on our street and asked everyone if they had seen Toothless our cat. Everyone said no. We were worried and scared something was wrong. On Wednesday after work my dad went to the animal shelter as it was closing. They didn’t want to let him in, but they did. He asked if there was a cat with long black fluffy hair there. They let my dad in to look at the cages, and there was Toothless! He was curled up laying in the back of the cage very scared. When my dad made his funny meow sound that he does to make him come home, Toothless jumped up and came to the screen and rubbed up against it and was so happy to see my dad, and he wasn’t scared anymore. My dad wanted to take him home, but they said he had to go to another office building and pay a fee. The lady at the shelter said it would be OK and told him to come back the next day and we could get Toothless. When my dad came home and told my little brother and me he found Toothless we were so happy and we weren’t scarred or worried anymore. My dad went back the next day to get our kitty and they told him they didn’t have any long-haired black cats. They only had a white fluffy cat. My dad waited a long time for the lady to come back and talk to him. The same lady that told my dad to come back the next day said she was sorry. She had forgotten to leave a note to tell the people my dad would be there for Toothless and they had just killed my cat that morning. She had just forgotten to write a note to save a member of my family. They killed him and I don’t know why. My dad found out where he had been picked up and it was our neighbors down the street that don’t like cats and dogs. They had caught him in a trap and gave him to the police to take him away. When Devin and I knocked on their door and asked if they had seen Toothless they told us no, and that was a lie. My dad and mom tell me and Devin not to lie and that is right. I didn’t think big people lied because they are grown ups and know what is right. Now I don’t know what to do. My cat Toothless is dead; the people that killed him didn’t even give him to my dad so we could bury him. What do I do now? Rayden Sazama Logan Editor’s note: Cache Humane Society Director Brenda Smith confirmed Rayden’s story that an animal shelter worker forgot to leave a note to halt euthanization of the Sazamas cat. { The shelter/city should be sued and the employees involved should be fired for cause! }

BOUNCE IN POLLS:
R PULLS AHEAD IN VA...
R +3 IN FL...
R +3 IN OH among those 'certain' to vote...
REALLY! 7.8%
Total employment 'highest one-month jump in 29 years'...
Welch: President manipulating numbers after debate performance...
BLS economists donate to Obama campaign?
Rate Plummets to 4.3% -- For Govt Workers...
Report met with suspicion...
ROMNEY: Rate more like 11%...
OBAMA: Can't turn back now...
SEPT. EMPLOYMENT: +114,000...
Aug. number revised to +142,000 -- from +96,000...
Welch: Obama manipulating numbers after debate performance... { There are some people (and their assessments) that you might dismiss as light-weight partisans… Jack Welch is not one of them! Indeed, among the rarest breed historically of exceptional american CEO’s, Welch points to the folly of preposterously a month before elections, on paltry/pathetic jobs numbers ( election year temp/part-time for manipulating stats along with the nebulous ‘stopped looking’ fudge factor) , following a disasterous debate showing (of wobama failure and incompetence), the unemployment rate falls to just below the ‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is tantamount to the obama 100% employment fantasy where literally everyone but him has stopped looking for work and hence, not counted in compiling the unemployment rate (and then those jobs in the millions lost and gone forever on his watch - what a banana republic!). Come on, wake up!: JACK WELCH: OBAMA IS MANIPULATING THE JOBS NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS AWFUL…UNBELIEVABLE JOBS NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T DEBATE SO CHANGE NUMBERS. }

O NO: CLINT WAS RIGHT!
Leno: 'Only Person Who Didn't Tune In Was Obama'...
Campaign aides 'shell-shocked'...
Man Tells Obama: Business 'Terrible Since You Got Here'...
NH voter: 'Couldn't run a lemonade stand'...
Deficit Tops $1 Trillion for 4th Year...
California Refiners Ration Gasoline...
L.A. stations run out, close pumps...
Gas Prices Likely to Rise Through Election...

SKYFALL
RATTLED, O GOES ON ATTACK...
BUCHANAN: Romney: Best debate performance in 52 years...
John Sununu calls Obama 'lazy and detached'...
FLASHBACK: 'There's a laziness in me'... { Of course O’s lazy…niggers are lazy…that’s just the way they are…don’t blame the niggers, they were born that way! And, what about the audacity of wobama the b for b***s*** talking about specific plans by President Romney when wobama’s ‘plans’ last b***s*** campaign, from war (continued) to prosecutions of the big wall street frauds (none) to cutting the deficit (actually increased in record fashion), etc., etc. were meaningless b***s*** when measured by what he did (zero)….Just like a nigger! When are people going to awaken to the reality that obama’s just total b***s*** without the slightest clue as to how to achieve results through work/performance, and is too lazy to really care! }
Was Obama rattled by developing donor scandal story?
BIDEN: 'Yes, We Do' ...
Keept away from press...
AARP to President: Don't mention us again...
67 MILLION: RATINGS JUMP FOR DEBATE...
15 million more than '08...
Left-Wing Websites Reject Obama Ads, Say Campaign Undercutting Them By Working With GOOGLEAOL...
Harry Reid makes up quotes in another attack on Romney...
NYT: 'President Xanax'...
Lost, bewildered without teleprompter...
Gas prices in CA hit record highs...
Supply shortages shut pumps...

ROUND WON: Romney Seized Offense in Debate...
You Were Fighting For Obamacare, Not Jobs...
'The Path We’re Taking Is Not Working'...
FOURNIER: Cursed Obama Falls...
MSNBC MATTHEWS: 'What Was He Doing!'
Cutter takes swipe at Lehrer...
Carville: 'Romney came with a chainsaw'...
Andrew Sullivan: 'This was a disaster'...
UH O
Lost, bewildered without teleprompter...
CNN POLL: Romney Annihilates...
Van Jones: 'Was Able To 'Out-Obama Obama'...
LEFT TURNS ON O...
CA gas prices set to spike...
Man beaten, robbed -- inside grocery store!
Another sex scandal rocks Detroit...{ Was she the sex lackey of Detroit Blacky? …'The chief of police exceeded his professional status,' David Robinson said. }

NATIONAL JOURNAL SHOCK POLL: R 47% O 47%...
BIDEN: Middle class has been 'buried' during Obama's presidency...
New Model to Predict Unemployment Sees Rate at 8.1%...

POLL: 43% of voters certain they will vote for Romney. 42% certain they will vote for Obama. Remaining 15% either uncommitted or open to changing mind.... MORE...

POLL: Doctors choose Romney...
DENVER BRONCOS John Elway Endorses Romney...
CNN poll magically tightens as calendar turns...
PAPER: Obama will need all the luck that he can get...

RYAN: We Are Seeing Obama's Foreign Policy 'Unravel on Our TV Screens'...
'Holder must go' over Fast and Furious...

Hundreds line up for $1.84 gas in Michigan in Anti-Obama Stunt...
2012 DEBT SURPASSES 2011...
Huge tax increase looms at year-end 'fiscal cliff'...

Jobs Outlook Weak as Companies Reporting Cost Cuts...
REPORT: Recovery faster for immigrants than US-born workers...
U.S. MILITARY DEATHS IN AFGHANISTAN HIT 2,000....
AFGHAN SOLDIER KILLS 2 MORE AMERICAN TROOPS...
Biden Misstates Number Of Fallen Heroes...
Military absentee ballots going AWOL in 2012...
REPORT: 1 million Ohioans have 'Obama phones'...
RYAN WARNS: 'We need to tackle challenges before they tackle us'...
Dollar Falls Most in Year...
UNIVISION report connects 'Fast & Furious' to murders of 16 Mexican teenagers...
NETWORK FINDS 57 UNREPORTED WEAPONS...
VIDEO **WARNING -- GRAPHIC**...
RYAN: 'Holder must go'...
Jets owner: I'd rather Romney win -- than the Jets!
OCTOBER 1: OBAMA APPROVE AT 47%
POLL: O 49% R 47%...
POLL: O 49% R 47%...
Eurozone hits record high unemployment...
18.2 million jobless...
'INEVITABLE NEW RECESSION'...
One in 10 EU workers missed work for depression...
26% in UK diagnosed...
Greek youth unemployment hits 55%...

Top Five Worst Obamacare Taxes Coming in 2013...
Romney: Debates a Clear Path to Voters...
'We're going to win Pennsylvania'...
SHOCK POLL PA: O 47% R 45%...
Leno Turns: 'We Wasted Four Years Waiting For Obama To Do Something About The Economy' { Yeah, Jay! } ...
HOUSE CHAIRMAN CALLS FOR AMBASSADOR SUSAN RICE'S RESIGNATION...
JAY-Z: I'M WITH OBAMA CAUSE HE'S BLACK...
CHICAGOLAND: Black Gang Member Tells Reporter, 'There Is No Solution To The Violence; Killing Is The Solution'...
Member of 'Obama Boyz' gang charged in St. Louis shootings...
Riots Between Black, Latino Students Break Out At CA High School... { Yeah…Latinos not taking the typical s*** from the niggers! }

MITT DEBATE PLAN: CALL OUT OBAMA LIES... { The question is, do they have enough time to air all; so many lies, so little time! }
GDP revised down to 1.25%...
Durable orders drop 13.2% -- 'worst since recession'...
SANTELLI: 'Depressingly weak'...
Census: Americans' Incomes Have Fallen $3,040 During 'Recovery'...
OBAMA HAS MY VOTE, HE GAVE ME A FREE PHONE...
SEIU Paid Protesters at Romney Cleveland Rally...
'$11 an hour'...
UPDATE: 3 ( yes, 3 niggers) arrested in vicious beating on Capitol Hill (Do white/yellow/brown people for O have a death wish? After all, he/holder have protected the violent, anti-white black panthers)...

DICK MORRIS: Romney 'Pulls Ahead'...
Romney: 'Pleased With Some Polls, Less So With Others'...
Romney pays tax rate 'higher than what 97% of Americans pay'...
SURVEY: 55% Of Small-Business Owners Would Not Start Company Today, Blame Obama...
Sebelius to hit campaign trail again -- after breaking election law...
Solution To Michelle Obama's new school lunch menu: SNACK! { Riiiiight! There you go! After all, chimps literally spend all day foraging for munchable snacks in the wild. But, if you’re not a chimp of leisure as moochelle, or just not a chump and busy with other things, ‘three squares’ will just have to do as they always have! }
Post Office Prepares for Second Default in Two Months...
Romney: President Doesn't Want People To Know What Happened In Libya...
Libyan president: Anti-Islam film had 'nothing to do with' attack...
Honeymoon Over as Markets Brace for Volatile Times...

Health Premiums Up $3,000; Obama Vowed $2,500 Cut...
Ralph Nader calls president 'war criminal'...
OBAMA PROCLAIMS FIGHT AGAINST 'SLAVERY' { Desperate nigger desperados playing the familiar nigger card! Send them back to sub-saharan Africa! }
2012: MICHELLE TALKS SLAVERY, SEGREGATION...
'Back when our great-grandparents were riding that Underground Railroad'...
Madonna (the ‘black hand italian’ who stups niggers) threatens to strip naked if Obama re-elected...
Vote for the 'Black Muslim in the White House'...
COMPLAINTS MOUNT AGAINST MICHELLE O'S NEW LUNCH MENU...
'WE ARE HUNGRY'... { Such a diet is based upon her own innate proclivities and projection: ‘…Chimpanzees prefer fruit above all other food items and will even eat them when they are not abundant. It will also eat leaves and leaf buds. Seeds, blossoms, stems, pith, bark and resin make up the rest of their diet…’ }
Senators to Hillary: Show us murdered ambassador's cables...
Libya tense after death of man who caught Gadhafi...
...calls for vengeance
GOP recalls Obama's earlier victory lap...
iPhone muggings up 40% in NYC...

PAPER: Don't believe hype on US 'recovery'...
Pennsylvania Shock Poll: Obama 47% Romney 45%...
FLORIDA POLL: O 48% R 47%...
Veterans retreating from president...
DICK MORRIS: Why The Polls Understate Romney Vote...
Romney Releases 2011 Tax Returns; Paid $1.9 Million on $13.7 in Income...
...donated $4,020,772 to charity
Voluntarily paid more than required...
Harry Reid avoids prior claims...
'TIME TO SHOW YOURS, HARRY'
Zuckerman: Obama Campaign 'Divisive and Dishonest'...
POLL: Distrust in Media Hits New High...
Biden on college cheerleaders: 'The stuff they do on hard wood, it blows my (lobotomized) mind'...
WHITE HOUSE STORY ON LIBYA FALLS APART...
100 DAYS UNTIL LARGEST TAX HIKES IN HISTORY... http://albertpeia.com/taxmaggedon.htm

FIRST SERIOUS INTERVIEW: O PRESSED ON FAILURES BY UNIVISION
Romney: Obama's New Slogan 'No, I Can't'...
GALLUP: O 47% R 47%...
Median Income In OH Hits 27-Year Low...
Obama still blames video for Libya attack?
Ramos Rips Away...
'YOU DID NOT KEEP YOUR PROMISE'...
Shouldn't you 'fire' Eric Holder?
Student asks president for advice -- on how to find a job!
PAPER: 'THE OBAMA YOU DON'T KNOW'...‘…But beyond the spin and the polls, a starkly different picture emerges. It is a portrait of a man quite unlike his image, not a visionary reformer but rather a classic Chicago machine pol who thrives on rewarding himself and his friends with the spoils of public office, and who uses his position to punish his enemies. Peter Schweizer captures this other Obama with a bracing statistic in his book "Throw Them All Out," published last year. In the Obama economic stimulus program's Department of Energy loans, companies owned and run by Obama contributors and friends, like Solyndra's George Kaiser, received $16.4 billion. Those not linked to the president got only $4.1 billion. The Energy Department is far from the only federal program in which favoritism has heavily influenced federal grants. To paraphrase Tammany Hall's George Washington Plunkitt, Obama has seen his opportunities and taken them, over and over. - Mark Tapscott / Executive Editor’
Republican senators decry 'useless, worthless' Clinton briefing...
Lewinsky set to reveal Bill Clinton's sex secrets in tell-all book...
'Worst nightmare'...
OBAMACARE TAX TO HIT 6 MILLION
MOSTLY MIDDLE CLASS
RASMUSSEN SWING STATES: R 47% O 46%...

POLL CONFIRMS ROMNEY: OBAMA HAS 47%... { Yes…and the really tragically sad part of that reality for america is that it’s a strategy of theirs, making americans dependant on the government (for food, protection from bogus, self-created/induced bogey men/terror, protection from warranted prosecution as with the largest frauds on wall street, corzine et als, mf global etc.); and not just the poor; viz., ie., the frauds on wall street and their contraindicated QE entitlement along with protection from prosecution for their huge frauds, etc… }
Tax Compliance for Obamacare: 80 Million Hours...
O: 'I ACTUALLY BELIEVE IN REDISTRIBUTION'
Analyst: Fed's 'QE-Infinity' Will Push Gold Up to $2,400...
Mortgage Lending Slides to 16-Year Low...
WSJ: The Data Behind Romney's Comments...
REPORT: Median Income Worse Now Than During 'Great Recession'...
'Unprecedented' Jump in Food Stamps...
8,786,049: Yet Another Record for Americans Collecting Disability...
16 people working for each person collecting..

US credit rating downgraded -- again...
PUMPING BLAMED...
CASH FOR BANKERS: Fed risks political fallout...
Faber: If I Were Bernanke, I Would Resign... { Yeah…but you’re not ‘The Rain Man’ … he’s comfortable there … He’s not insane according to Einstein’s definition; viz., doing the same thing over and over and expecting a different result … He’s just … ‘The Rain Man’ (Doesn’t burnt out bernanke remind you somewhat of Dustin Hoffman in portraying the character of the same name/film? If only he could count like ‘The Rain Man’.) }
Gas Prices More than Double Under Obama: $1.84 to $3.85...
Kids Question Michelle: Where Will They Move When President Loses?
'FULL-BLOWN CRISIS'

ELECTION MANIPULATION: NEW PUMPING BEGINS!! { This is an especially great opportunity to sell this suckers’ market/take profits! Nothing’s been solved! Just because ‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember that ‘no recession call’ of his; and, of course, no QE before the election, prospectively, already discounted many times over by the ‘markets, such as they are, ie., algo buy programs, etc.. ). All this and now ‘whatever’ is too little and too late for the uss Titanic which has taken on too much, not water, but b***s***. This was a desperate move, bespeaking desperation.The fact is things are ominously so bad, and worse than ‘allowed’ to be seen for the moment, that something as this QE which is economically and financially contraindicated and a proven failure for all but the frauds on wall street along with their cohorts including desperate politicos, is resorted to in desperation to divert attention from their unequivocal failure. After all, though having cost so many americans their jobs with wrong calls and policies, bernanke is trying to save his own by inflating the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama rehired failure bernanke, President Romney would have fired, and will fire him … goldman sachs knew this dollar debasing failed policy QE 3 would come and at the expense of the muppets…that’s their term for all you suckers). I further believe this contraindicated largess to the frauds on wall street is to preserve his post fedship tenure job possibilities by ingratiating himself even further with those nefarious, self-serving interest groups. }

Romney Calls Obama Response: 'Disgraceful'...
Muslims Attack US Embassies...
Mobs with guns and rocket-propelled grenades...
FLASHBACK: Hillary Clinton boast on Gaddafi: 'We came, we saw, he died'...
PROTEST: $9 gallon for gas in NY and NJ...

Median income lowest since 1995...
Lower class grows...
Why did Obama use N-word to describe his grandfather?
Suspected Bank Robbers Toss Cash Out Window During Police Chase...
VIDEO... { A neighborhood nigger in response to a reporter lauded the criminal acts of the armed niggers saying they brought cash into the neighborhood where (other niggers) ‘people’ are hurting. Isn’t that among the typical rationalizations that underlie every dastardly deed perpetrated by the uncivilized niggers? The niggerized DOJ under holder/obama similarly finds ways to rationalize not prosecuting as promised; ie., biggest frauds on wall street, mfglobal/jon corzine, defense of and protection for black panthers, etc.. How can people wonder why this nation’s crumbling? }

ROMNEY: 'Forwarned' is better than 'forward''... { Sampling some of the network talking head roundtables over the weekend I was astounded how many wobamanoid apologists talked up the dismal, paltry private jobs, many part-time or low-pay, without mention of the record insurmountable $5 trillion increase in the deficit to create them for the purpose of obfuscating wobama’s blatantly failed performance as potus. Such people, either so partisan, so unschooled in the relevant disciplines, so ill-prepared for the journalistic task entrusted to them, literally have no defendable place in the field of real journalism and are an embarrassment to all that journalism purports to be. }
DICK MORRIS: Obama Thugs Rough Up GALLUP For Polls They Don't Like...

POLL: O 49% R 45%... reuters/ipsos – the socialist/communist pollsters…they have a lot at stake…look at their socialist europe and left-leaning city bases. Their polls can’t change what already is!
DEMS SOFT ON WALL STREET CRIMES...
FLASHBACK: CARTER +4 OVER REAGAN IN SEPT 1980 [+8 IN OCT]...
FLASHBACK: DUKAKIS +17 OVER BUSH AFTER DNC 1988...

DICK MORRIS: Advantage Romney...
REPORT: GOV'T MOTORS LOSES $49,000 ON EACH CHEVY VOLT...
'The Democrats' GM Fiction'...
Pentagon buys hundreds to 'green up' military...

8.1%
+96,000
368,000 DROPPED OUT
88,921,000 'NOT IN LABOR FORCE'
Milbank: Demigod falls to earth... { After four years of unbridled, unfounded, blind faith in and defense of wobama the b for b***s***, it truly makes my heart soar to see Mr. Milbank finally walk into the light! Indeed, David Bowie (Nicholas Roeg’s ‘Man Who Fell to Earth’), wobama is not; not that even David Bowie could have siphoned/drained the vote as did grifter/conman/parasite obama. Yet, it cannot be denied that nobody, no news organization, not even a government agency did their homework in vetting this complete and utter fraud called ‘barack obama’! } ‘…After a couple of nights at the Time Warner Cable Arena, the convention was to have closed with President Obama’s acceptance speech at the Bank of America Stadium, where convention officials were planning to squeeze nearly 6,000 seats onto the field to expand the stadium’s capacity beyond its usual 74,000. But the speedway event was canceled — ostensibly because of logistical problems but more likely because convention fundraising was running low. Then the Democrats canceled the stadium event in favor of the smaller arena — ostensibly because of “severe thunderstorm” concerns but more likely because they couldn’t be sure enough people would come to fill the stadium.In fact, the forecast hadn’t called for severe weather, and conditions were fine Thursday night. The change caused thousands to be turned away, and the crush of crowds at the arena led authorities at one point to lock down the building for a second straight night – leaving some delegates on the street while lobbyists enjoyed the proceedings inside…’
CLINT SPEAKS: Obama 'greatest hoax ever perpetrated on American people'... { I think Clint is too kind in euphemistically referring to and characterizing wobama as merely a hoax as opposed to the indisputable fraud, grifter, conman that obama most certainly is! }

White House to miss deadline for report on 'fiscal cliff' budget cuts...

O: I'M NOT DONE YET { He’s done! }

NOONAN: 'Stale and empty... he is out of juice'...
OBAMA HAMMERED IN FIRST REVIEWS...
FROM THE LEFT: TOMASKY: Pedestrian and Overconfident...
FROM THE RIGHT: KRAUTHAMMER: 'One Of The Emptiest I Have Ever Heard'...
AP: Obama and the phantom peace dividend...

'VOTE BLACK'/‘VOTE NIGGER’ BUTTONS HIT CONVENTION HALL...

Bob Woodward book leaks... Developing...
Debt Deal Collapse Led to 'Pure Fury' From Obama...
Explosive mix of dysfunction, miscommunication, and misunderstandings...
Pelosi 'reached over and pressed mute button on her phone' as Obama talked... MORE

WOODWARD: White House so stunned by 2010 GOP triumph, it didn't even have Boehner's phone number...

Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }

Poll: R 48% O 44%

RASMUSSEN: ROMNEY 47% OBAMA 44%...
GALLUP: ROMNEY 47% OBAMA 46%...

Dem Gov.: We're Not Better Off Now...

GALLUP: Obama Job Approval Drops to 43%...
PROTESTERS VOW BIGGER CROWDS IN CHARLOTTE...
'Occupy' encampment re-opens near Dem convention...
DNC security rules trigger free speech worries...

KING: Obama presidency has been time of deep Dem decline...
Frustrated union leader throws empty chair...

RECORD-HIGH LABOR DAY GAS PRICES GREET DEMS IN CHARLOTTE...

RYAN: President 'running campaign based on envy and division'...

GOP launches 'Obama Isn't Working' message...

SUNDAY: Dem Gov. -- We're Not Better Off Now...
MONDAY: 'We're Clearly Better Off'...

BIDEN: 'If It Weren't So Hot I'd Go Into Detail'...

Debt to hit $16 trillion just as party gavel in convention...
Dems to bus in black church members from SC...
ID required to attend...

'GODFATHER' TO CUT DNC TRIP SHORT...
Chicago schools brace for strike...

'GOD' LEFT OUT

Dems Drop 'God' From Party Platform...
REUTERS PHOTO DEPICTS HARRY IN HELLFIRE...
Endorse taxpayer-funded abortions...
DNC Video: 'The Government Is The Only Thing We All Belong To'...

ABCNEWSWASHPOST POLL: Obama personal popularity fading...
Women Turning...

DEBT TOPS $16T...
$136,249 Per Household...

FOOD STAMP USE CLIMBS TO RECORD 46.7 MILLION...

Key SOLYNDRA figure 'ran for exit' after seeing ABCNEWS cameras on DNC floor...

UPDATE: Obama gives himself an 'incomplete' grade...
POLL: Just 40% say he deserves second term...

POLL: Less Than Half of Army Officers in Afghanistan Report High Morale...

Panicking Spaniards Pull Out Cash, Leave Country...
Depression, Suicides Rise as Euro Debt Crisis Intensifies...
MOODY'S Changes Rating Outlook to 'Negative'...

COPS: Mother Forces 10-Year-Old Boy To Rob House... { Shafique (black) and her son ran away but Lynnwood police arrested her. They found a stolen laptop and crack cocaine. }

Gasoline To Hit Labor Day Record Price...
University of Virginia Declines Obama Campaign Request...
EX-NFL GREAT TO BLACKS: SAY NO TO OBAMA...
70% of Obama's 19 million TWITTER followers fake...
CHICAGOLAND: 13 shot in 30-minute span...
FLASHBACK: Obama -- 'Chicago Is Example of What Makes This Country Great' { Wow! Talk about choom fantasy… unless you’re a fan of…Al Capone! } ...
FOXNEWS POLL: Romney Pulls Into Lead...
Republicans eye return to gold standard...
Romney Reiterates He Would Replace Bernanke...
Analysis: Incomes Fall More Under Obama...
Big Loss for Those Near Retirement...
USA $20 trillion in debt by 2016...

FABER: Odds of Global Recession Are 100%...

GALLUP: Romney edges Obama...

'RUDE' BUT TRUTHFUL PICTURE OF TELEPROMPTER OBSCURING OBAMA’S FACE FROM REUTERS PHOTO RAISES EYEBROWS...

Texas Judge Preparing For 'Civil War' If Obama Re-Elected...

ROMNEY: President 'Has Tried To Substitute Government For Free People'...

PAPER: THE LEFT HAS BEEN TOO KIND TO OBAMA...

Postal Worker's Vacation Halts Mail In Jersey City, NJ...

TINA FROWN! { Newsweek on wobama’s failed presidency – Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }
GALLUP: ROMNEY 47% OBAMA 45%
ROMNEY: Time to Audit the Fed...

GAS PRICES SET RECORD...
Poll: Not better off now than in 2008...

SHOCK POLL: Romney beats Obama in Chicago suburbs...
SPIKE IN ARMED ROBBERIES, SAVAGE BEATINGS ON CAPITOL HILL...
Crime jumps 64%...
NOONAN: If Biden Were Republican, Topic Would Be 'How Stupid Is This Person?' { Well, in fairness, a distinction is carved out for Lobotomy Joe who really did have part of his brain surgically removed! } FACEBOOK FALLS TO HALF OF PUBLIC OFFERING PRICE...
No Horses, But Detroit Water Department Employs 'Horseshoer'...
BOOK: Obamacare designed to unionize 21 million health care workers...
Increases costs of hip, knee replacements...
O STICKING WITH LOBOTOMY JOE!

MSNBC Host: Romney Engaging In 'Niggerization' Of Obama { Well, if the shoe fits…and the shoe fits only too well for jive-talking, b***s***, grifter/fraud wobama, who has actually accorded protection to the black panthers who have threatened whites as matched with dasterdly deeds of violence by blacks against all other races! MSNBC said it, and truth be told, it doesn’t take much to see it in light of the fact that wobama’s just a typical jive-talking, incompetent, b***s*** nigger! }...

ROMNEY, RYAN PREPARE FOR ASSAULT ON OBAMA'S SPENDING...
U.S. Foreign Debt Hits Another Record...

Democrats' nerves start to show...
VA BAKER SAYS NO TO BIDEN STOP...
Secret Service buys cupcakes as thanks...
Customers flock in...
'OBAMA CAN KISS OUR A**'...

HOW LOW WILL IT GO? FACEBOOK STOCK PLUNGES...
Has lost half of value...

JULY DEADLIEST MONTH OF 2012 FOR TROOPS...
ARMY SUICIDES SET RECORD...
FBI: Federal court clerk sold secret info to L.A. gangsters...

New Jersey unemployment rate at 9.8%, highest since 1977...

REPORT: GM's European failure will prompt second Obama bailout...

CHICAGOLAND: City Worker Caught Stealing 500 Feet Of Copper -- Off Midway Airport Runway!

Ecuador grants WIKILEAKS founder asylum...
40 police surround embassy...
U.S. denies pushing arrest...

Obama defends Biden on 'chains' comment...

HE DID IT AGAIN: LIVING IN WRONG CENTURY!
REPORT: Obama has 22 days to drop Biden from ticket...
VIDEO: Biden Refers to Ryan as 'Governor'...
Now Social Security Administration To Purchase 174 Thousand Rounds Of Bullets!

Hypersonic aircraft crashes seconds into military test flight...

Thousands of Federal Retirees Get Six-Figure Pensions...

CHICAGOLAND: 50,000 line up for Obama amnesty program...
Labor Dept. Attempts to Stop Layoffs by Giving $100 Million to States, Subsidize Payrolls...

VIDEO: Biden Imitates Sign Language Lady… [ I’m quite serious when I say lobotomy joe biden had part of his brain removed… he literally had part of his brain surgically removed…his nonsensical outbursts are symptomatic of lobotomies generally…] ...
Wonderment Whether Biden Has 'Mental Capacity' for Presidency...
VP says 'We can win North Carolina' -- while campaigning in Virginia...

New Black Panthers to RNC: Our 'Feet Will Be On Your Motherf***ing Necks'{ Listen to these uncivilized, dumb niggers! This is typical nigger talk and predisposition to criminal action/violence! How can whites et als self-destructively embrace the niggers? Niggers are beasts of burden and burdens wherever they are. There are few physical tasks they do well and even fewer of said available tasks relative to their populations to make a difference. They are a near complete washout in non-physical tasks, are too costly and are bad workers, unproductive generally to employ and not worth the enormous cost and trouble. The very scant few exceptions are statistically insignificant. Niggers belong in jails where they can commit no crimes in general society; plus there’s the savings thereby on their invariably wasted welfare, programs in addition to their predisposed crimes on the outside…It is far cheaper to jail them which is best for civilized society (look at their off the charts crime rates, and that’s only those that are caught! They’ve literally destroyed cities as is so wherever they are in concentrated numbers. These are indisputable facts/truths that civilized societies/governments can no longer afford to deny.) } ...

REPORT: Ill. state workers forced to attend Pelosi, Jesse Jackson Jr. event on taxpayer dime...
Buchanan: 'Obama has steadily diminished both himself and the office he holds'...
Campaign admits knowing story behind flawed PAC attack ad...

UPDATE: Postal Service Posts Big Loss as Cash Runs Low...
UPDATE: Jesse Jackson Jr. being treated for bipolar disorder... { Mayo Clinic: Jackson has bipolar depression }
SPIRITS SPEAK TO PELOSI ( Riiiiight! And they keep telling her… ‘bankrupt america…bankrupt america…bankrupt america’….she believes them, tries her best to comply, and follows their advice! Meanwhile, by way of séance, hillary getting the message…’more world strife…more world strife…more world strife…’ and she’s complying! Not to be left out of democratic party stratagems, wobama’s been seen sticking pins into a doll that bears an uncanny resemblance to President Romney… If only they had a real strategy and knew what they were doing! ) ...
Over 100M in America on Federal Welfare...

Gingrich Warns: Obama 'direct threat' to my grandchildren's future...

BOOK: Blago claimed $25,000 channeled to Obama...

Miami Cannibal Victim's First Interview: 'He Just Ripped Me To Ribbons. He Chewed Up My Face. He Plucked Out My Eyes'...

WHO NEEDS CONGRESS? (Not wobama the dictator!) Obama Considering Executive-Branch Action on 'Internet Security'...

Nearly half of long-term U.S. immigrants are on welfare...

$5.2b in fraudulent tax refunds to immigrants...

OBAMA (who plays his 104^th round of golf as potus) POPULARITY SOARS -- IN NIGGERTOWN DC!

Plays 104th round of golf (as nation flounders)...
HARRY REID HELPS CHINESE SOLAR FIRM REPRESENTED -- BY HIS SON!
PAPER: It's time to fight back against Dirty Harry...
Wife: Rep. Jesse Jackson Jr. getting treatment but 'still very depressed'...
Ethics investigation continues...

BIASED MEDIA BASH: 86% of Romney coverage NEGATIVE... { Friday Humor: (obama last campaign) "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Wow! The only explanation might be they’ve been duped by wobama along with the rest of the nation and are too embarrassed for not doing their reasonably expected due diligence on grifter obama and just won’t own up to the reality of the fraud called wobama! Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … ) Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm [ the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’] }

Boehner: Obama has 'never even had a real job, for God's sake'...
O BRINGS BACK TELEPROMPTER...
REPORT: Warnings ignored in Solyndra loan...
STOCK IMPLOSION HITS CA TAX REVENUES...

San Bernardino files for bankruptcy...
Vacant Detroit becomes dumping ground for the dead...

House urges Obama to fight UN web regulation...

Union leader strives to ease president's 'white guy problem'(insanely seeks a place in the blackpeoples’ pot-they ‘love’ that white meat)...

COPS: Teen Stabs Man 22 Times After Online Xbox Chat Turns Sour...

REPORT: White House scrambles to prevent defense cut pinkslips before election...
Chicago: 'The Deadliest Global City'...
POLL: ROMNEY PULLS TO 5 POINT LEAD...
Court Finds Obama Appointees Interfered with New Black Panther Prosecution...
UPDATE: Jesse Jackson Jr. at Mayo Clinic for depression...
REPORT: Obama's 'You didn't build that' gaffe won't bring back teleprompter...
Gorilla in zoo hangs himself...
CAMPAIGN RATTLED...
Barack Obama Sr: 'Nothing Stopping Gov't From Taxing 100% Of Income'...

POLL: Less than half of voters think president is Christian...

ROMNEY MOVES INTO LEAD AT GALLUP, RASMUSSEN...
USATODAYGALLUP POLL: Romney preferred over Obama to handle economy...

It's Official: 5 Straight Years of $1 Trillion Deficits!

OBAMA CAMPAIGN RUNS DEFICIT IN JUNE...
Spent $2.6 million -- on polling?
Paid $93k for Half-Empty Stadium Kick-Off Event...

US poverty on track to rise to highest since 1960s...

CHICAGOLAND COPS: Teens kill man in 'knock 'em down' game...

Former SEAL Team Six Commander Launches Anti-Obama Offensive...

'IT'S A FAKE'...
Sheriff Joe's Obama probe finds 'national security threat'...
Calls Congress to move on eligibility...
VIDEO: 'Every document surrounding Obama plagued with problems'...

NEXT: Compton, CA, may declare bankruptcy...
3-Year-Old Mugged in NYC...
3-year-old boy mugged -- while sitting in stroller!
Thieves Stripping Air Conditioning Units For Freon To Get High...
HORROR: Naked, Blood-Soaked Man Breaks Into 2 Homes, Kills Elderly Woman... { http://albertpeia.com/anothertypicalblack.htm Do americans feel they deserve such a fate at the hands of the uncivilized wobama blacks }
COPS: Woman Kept Friend's Corpse In Armchair For 18 Months, Watched NASCAR With It...
'He Was Only Guy Who Was Ever Nice To Me'...

FLASH: Rep. Jesse Jackson Jr. 'in Rehab'...
'Persistent sleep disorder'...
Has Been Under investigation by House Ethics Committee...
NYT: His Father's Son...
Chicago police sergeant: 'Tribal warfare' on streets...
Comparable to Iraq, Afghanistan...
WAR DRUMS: USA moving dozens of underwater craft to Persian Gulf...
TOURISM PLEA TO GODFATHER: Violent crime wave must be defused...
Algorithms now 'writing' articles for newspapers and websites...
SALES TAX IN SPAIN JUMPS TO 21% { That’ll work! }
Jon Voight defends Brad Pitt's mom after death threats for anti-Obama letter...
UPDATE: Closure of Border Patrol stations across 4 states triggers alarm...
REPORT: People losing homes for as little as $400 in back taxes...
NAACP Requires Photo ID to See Holder Speak in State Being Sued Over Voter ID (they’re such b***s***/hypocrites)?
GODFATHER UNDER FIRE AS MURDER RATE SOARS...
Chicago Mayor Appeals to Gangsters' 'Values'...
'Don't touch the children'...
RADIO STATION REPORTS REP. JESSE JACKSON, JR 'ATTEMPTED SUICIDE'...
Questions mount...
NAACP goes wild for Eric Holder...
'O: This Will Be My Last Political Campaign No Matter What'...
GALLUP: APPROVE SLIPS TO 44%...
POLL: US CHANGED FOR THE WORSE UNDER OBAMA ...
Boehner: Voters Need Not 'Love' Romney...
Man Who Introduced Obama At Rally Owes $500,000 To Former Employer...
'We sort of ran out of money'...
Obama campaign threatens donors: 'We could lose if this continues'...
Obama uses 'I' and 'me' 117 times in speech...
'Delirious' Blood-Covered Naked Man Selling Candy Kills Motel Worker In Violent Rampage...
Man holds knife to 3-year-old's face, threatened to cut out tongue...
Kudlow: Obama’s Goose Is Cooked...
Obama's Social Security Number challenged...
'American story' faces fresh scrutiny... { ‘By some counts, The Story presents more than three-dozen instances of material discrepancy where Dreams fails to align with the facts as Maraniss reports them. Case in point: Maraniss confirmed that Mr. Obama's mother, Ann Dunham, left his father, Barack Obama, Sr., a volatile bigamist, and not the other way around, as related in Dreams. Dreams also related the tale of Obama's paternal grandfather, Hussein Onyango, who was said to have been detained and tortured in a prison outside Nairobi for six months because of his brave defiance of British colonialists. But after a half-dozen interviews and other research, Maraniss deemed the tale "unlikely." Read more: http://www.foxnews.com/politics/2012/07/04/obama-american-story-faces-fresh-scrutiny/#ixzz1zmwWPuJ5 ‘ }

Ann Romney says woman being eyed for ticket...
Obama's whole campaign strategy is 'let's kill this guy' ( That’s no exaggeration, the predisposition of blacks toward whites; and, wobama can’t run on his record of failure in which he’s lied and failed! ) ...
POLL: In 15 swing states, Romney leads Obama 51% to 43%...
Romney accuses Obama of 'vicious lies' on BAIN CAPITAL...

'THE LAW I PASSED IS HERE TO STAY' { Wobama must be back on his choom pipe fantisizin’ again! }

LAND OF THE FREE: San Diego man stranded after told on 'no-fly' list...
Midwest ranchers, lawmakers protest drone flyovers...
TWITTER shares info on gov't demands for user data...
ACLU Launches Smartphone App To Secretly Record Police Stops...
'Homeland Security' Report Lists 'Liberty Lovers' As Terrorists...
Cannibal Updates: Boy bitten on neck by man in 'vampire' attack...
VIDEO: Man high on synthetic 'spice' goes on naked 'ninja' rampage...
'ZOMBIE CANNIBAL': 'I'm a eat you'...

SCORN ON THE 4TH OF JULY: Chris Rock Mocks 'Happy White Peoples Independence Day'...

TOP BLACK CHURCH BACKS HOLDER, BLASTS HOUSE...

Severed head thought to belong to Canadian cannibal's butchered lover found in park...
Pregnant woman bites off boyfriend's fingertip...

RECORD NUMBERS OF AMERICANS ON DISABILITY

NOW Mammoth Lakes files for bankruptcy!

Rep. Allen West: Obama Wants Americans To 'Be His Slave'...

4 EMAILS IN A DAY? Obama begs donors for more as Romney rakes it in...
SHOCK: Justice Dept. will not prosecute Holder for contempt of Congress... [ Justice Department shields Holder from prosecution after contempt vote FoxNews.com | The Justice Department moved Friday to shield Attorney General Eric Holder from prosecution after the House voted to hold him in contempt of Congress. DOJ Says It Won't Prosecute DOJ Head Holder How should we say this: we are shocked, shocked, that the DOJ won't prosecute itself. BREAKING: DOJ says it won't prosecute Attorney General Holder after the GOP-led House voted to hold him in criminal contempt of Congress – Fox see also, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm House could arrest Holder with inherent contempt power The Washington Times | The thought is shocking, and conjures up a Hollywood-ready standoff scene between House police and the FBI agents. { Eh, what the heck…you can let that go…they’re hoodied blacks, not white like Nixon, etc…; and, be sure to hold on to your wallets, purses everyone ‘cause there’s black folk in the capital! } ]

CHICAGOLAND: 7-Year-Old Girl Gunned Down While Selling Lemonade Outside Home...
MCCONNELL: 'Sold to American people on a deception'...
CURL: Gift to Romney... { This may seem somewhat counterintuitive and a bit of a rationalization; but, it is absolutely true. So true in fact, that wobama will come to be compared to Pyrrhus of Ephyrus (W. Greece) since realization of what this legislation won’t do for americans and the economy and what it actually does will not have the galvanizing effect that striking the bill down would have had on voters who were thinking ‘another free lunch from the government’ will save them (we all now know better, no such thing). Yes, in somewhat European tradition, defacto bankrupt america is keeping up with the (ie., rating agencies Egan) Joneses. After all, we all know how well this European program model is working out for Europe (and any other nation that’s tried it). In the final analysis, this and such programs as the contraindicated bailouts for the unprosecuted frauds on wall street, etc., will prove to be the ‘camel-back breaking’ moment for america; and, a pyrrhic victory for the egregiously failed president wobama. America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … }

HISTORIC: HOUSE VOTES HOLDER IN CONTEMPT...
DEM HOODIED BLACKS PLUS WALK OFF FLOOR...
Pelosi botches name of slain border agent...

Adult Chimpanzee Fatally Mauls Baby Chimp at LA Zoo...

ZIMMERMAN PASSED POLICE LIE DETECTOR...
REPORT...
Syringes litter NYC beach...

ZOMBIE: Man who took synthetic drug strangles dog, starts eating it...

POLL: Obama drops 8 points with whites...
... 13-point plunge among young voters

Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... { Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against sending the DREAM Act to the Senate floor for full consideration. The bill would have created a path to citizenship for many young illegal immigrants brought to the United States as children. Last week, Obama announced plans to stop deporting illegal immigrants who would have qualified for the DREAM Act. The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama desperation hail mary’ that once again falls short. Indeed, as an investor, one analyzes earnings, projects prospective earnings over a 3-5 year horizon, and the quality of the earnings along macro economic factors which are affected by ‘political considerations’. Does anyone remember the honorable Ross Perot who warned of NAFTA’s effect on american jobs even as the democrat administration et als were hell-bent on passing same? Should Romney have breached his legal duty to shareholders and invested in companies with poor earnings prospects? After all, in the financial / security analysis step of projecting the income statement, prospective labor costs figure prominently in the bottomline. In sum, Romney took conditions as he found them, and made the prudent choices which as per his legal duty were optimal for those who put their trust in him. For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. }
Will accept your birthday or anniversary gifts, too...

VIDEO: Obama Trips At Campaign Event In Tampa...

ZOMBIE: Naked man bites off chunk of arm...

PAPER: Obama's grandfather tortured by the British? A fantasy (like most of the President's own memoir)... { http://albertpeia.com/wobamaschoomgangfantasy.htm }

JAILHOUSE CALLS: Zimmerman told wife to buy bulletproof vest...
WAR ZONE: 7 Killed, Dozens Wounded During Obama Visit to Chicago...
More killed this year than in Afghanistan...
Bill Maher: 'The Problem With Racism Is Matt Drudge'... { Oh riiiiight! Drudge is the racist for reporting facts/reality concerning black on every color crime along with black threats. What can you expect from maher who is an null sum embarrassment/disgrace who like the italian scallion had married (and I believe is now divorced from) a black (he like booby deniro need rationalization)? } Here’s some reality for maher who doesn’t mahter:

U.S. Cannibal Updates: Doctors release first photos of Miami cannibal victim...
**WARNING: Extremely graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:

'Zombie Bullets' In High Demand Following Cannibal Attacks...
COPS: Attacker bit off large chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat Cop...
'Growled, opened and closed his jaw'...
Woman bites wig shop owner’s bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby who unlike hoodie trayvon martin killed in self-defense (from niggers) was not a thief and was totally innocent? The tragic outcomes for ignoring the threat of the uncivilized niggers! }

http://albertpeia.com/blackonbrowncrime.htm

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

CANNIBAL UPDATES: CRUISED MIAMI IN 2010?

COPS: Canadian cannibal on run in France -- dressed as woman...

CANNIBAL CAPTURED IN BERLIN...
Arrested at Internet cafe -- looking up stories on himself!
Shady, Master of Disguise...

{ U.S. Cannibal Update }: Maryland cannibal ranted on FACEBOOK...

Ming Qu and Ying Wu Murder Case: Two arrested in the killings of ... (CBS) LOS ANGELES - Los Angeles police Friday announced the arrests of two suspects in connection with the shooting deaths of two Chinese graduate students who attended the University of Southern California, reports CBS Los Angeles. [ { Yup! Typical lawless, uncivilized niggers! The following comment to the article sums it up: ‘Three blacks shooting two Chinese students. Where is the public outcry and protests? Where are all of those that were screaming injustice when Trayvon Martin was shot?’ }

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]

FUGITIVE CANNIBAL WARNED: I CAN'T STOP KILLING...
Scary digital trail...
Gay White Porn Star Wanted by Interpol...

CANNIBAL STRIKES IN MARYLAND... { Yes, another black cannibal; with ties to wobama’s home country of Kenya, Sub-Saharan Africa. }
SHOCK DETAILS...

South Beach Cannibal 'Put Under Voodoo Curse'... {Riiiiight! That voodoo thing made him do it! Oh yeah, that and the evil white man’s bathing salts also the culprit!}
VIDEO SHOWS BIKES RIDING PAST SOUTH BEACH CANNIBAL ATTACK!
MORE GRISLY DETAILS...
'BATH SALTS' TRIGGERED SOUTH BEACH CANNIBAL { Riiiight! Fine young black cannibal, driven cannabalistic by bath salts made by those evil white overlords! How 'bout the inherent cannabilistic trait as manifested here; the recurring theme of ‘Roots’, they’ll choose white meat over dark meat every time! http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

Flash Mob of 40 Kids Storm 7-ELEVEN over Free Slurpee Promotion, Beat Manager, Raid Shelves...

REPORT: Woman viciously beaten at MCDONALD'S drive-thru...
'This is for you, you white b***ch! This is a grape soda!' { The description of the suspects - two black women and one black man - is vague. The best clue police have to go on right now is they were driving a light-blue Cadillac with temporary tags. }

HORROR: Mob of 20 'hooded blacks' storm UK pub, drag man out, stab him to death...
Half of Florida high school students fail reading test...
COPS: 19-year-old white student beaten by two separate black gangs...

Dershowitz: Zimmerman acted in self-defense. so drop murder charge...
Evidence Backs Up George Zimmerman's Version of Shooting...
Witness Told Cops: Trayvon Straddling And Punching 'MMA Style'...

New evidence in Trayvon Martin case raises more questions
Trayvon Martin's autopsy shows he had marijuana in his system the night he was killed by neighborhood watch volunteer George Zimmerman, and a gunshot to his chest came from close range, according to nearly 200 pages of previously undisclosed documents released Thursday.

ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose, Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving nigger was enraged by his being thwarted in his scope-out/plundering of Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his true story, Zimmerman was fighting for his life and ultimately saved the citizens of Florida from the future costs of the burgeoning violent, thieving typical nigger-criminal trayvon martin.}
Previous: Holder sues Florida city, says firefight test racist [ Yeah, of course, because dumb niggers can’t read, ‘rite, or do ‘rithmetic! They’re always too busy donning their little hoodies and scopin’ out neighborhoods for their pillaging, plundering, and terrorizing! ]...
Black mob beats white man unconscious on his front porch...
'Now that's justice for Trayvon' (they shout in crazed nigger fashion)...
DERSHOWITZ BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT STUPID'... [ Indeed! And, make no mistake, I never would have thought I’d be agreeing with Alan Dershowitz on anything: http://albertpeia.com/trayvonnewtawana.htm ]

BANG, BANG ‘…His surprising testimony came the same day that ABC News exclusively obtained a photograph showing the bloodied back of Zimmerman's head, which was apparently taken three minutes after he shot and killed Martin. The photo could give credence to Zimmerman's claim that Martin had bashed his head against the concrete as Zimmerman fought for his life…’

COPS: Suspect angry over Trayvon Martin death beats up white man...

Obama as a Boy Ate Dog Meat [ And, you can bet there’s canabalism in his line; his father being an african ape nigger and his mother a flaky whore; you know, that typical type that schtooped niggers back in the day! ]...
Obama campaign tries to diversify...
...looking to hire more African-Americans [ More dead-weight, contentious, unproductive make-shift, make-work, costly welfare job niggers … just what the nation, strike that, wobama campaign needs.]
Farrakhan Warns Whites: 'Unless You Change, Your End Has Come'… [ They call this a self-destructive manifestation of the Oedipal Effect: Goodbye niggers, aka unevolved apes/chimps/monkeys – Your end’s already here! Your jigs are up, and you boos are down! Everyone’s onto your nigger jive! Look in the mirror! If only you could change / evolve faster! ] ...
HOLDER PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...

'SECOND DEGREE MURDER'...
'We do not prosecute by public pressure or by petition'[B***S***!]...Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The reality is, if that were the criterion and rule, given the overwhelming prevalence of black violence, particularly black on white violence, there’d be a lot of dead niggers. Niggers are a scourge wherever they are; a black plague, if you will. The reality is that in this nation, having been overrun by niggers, americans have become the new age dinosaurs. As for tyson, the ugly little monkey that no one wanted, now full-grown angry ape, his IQ is well below the average 100. Ape tyson is just a disgrace, period. He’s a typical ignorant, violent ape/nigger. Life with ape tyson, also a convicted rapist, was described by his then (soon to be former) wife, Robin Givens, in a live televised interview with him present (you can only imagine the unsaid) as ‘hell’. He’s mentally deranged (too many head shots?), but he does profess typical nigger sentiment. (Mike Tyson vs. Robin Givens: … biggest fight | Ebony ... Eight months after Mike Tyson and Robin Givens were married on Feb. ... beatings -- she filed for divorce)

Panthers Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:
April 11th, 2012 at 9:51 pm 11 percent of population and they always have thier hands out begging for more.No matter how much you give them its never enough.Filthy animals is all they are. (Absolutely correct!)
Dandroid Reply:
April 11th, 2012 at 5:47 pm
Show trial to keep the peace? Cities will burn if hes found not guilty!
Startover Reply:
April 12th, 2012 at 12:04 am
Let the cities burn, send the Army in to finish them off
George Zimmerman is totally innocent
Trayvon is a punk ass killer (also a known thief and would be in futuro typical nigger criminal)
There is only one victim in this case and that is Zimmerman
Eduard Reply:
April 11th, 2012 at 7:28 pm
Precisely!! That was my thought. This press release sounded more like a minor league actress thanking everyone at a Grammy Award for her success. Then again, I can’t emphasize enough how despicable the “lawyer” field really is. There is no shame in it. The profession is a giant conflict of interest. Moreover, the rules of lawyer ethics always being pulpitted is nothing more than consumable fodder for the gullible. Ethics and lawyers? Laughable isn’t it? That’s like Lucifer passing out copies of the decalogue. This whole twist to the “mestizo-reported-as-a-white man” Zimmerman case has notched into a renewed effort of politicalization for formenting a racial war. …’ ]
Heroin dealer uses welfare EBT card to post bail [ Yes, he’s a nigger; with unreported cash drug income that gives him welfare as well! ] ...
New Black Panther Party chief of staff apologizes after radio outburst...
'The things that's about to happen, to these honkeys, these crackers, these pigs'...
Black residents fearful after shootings in Tulsa… [ Now they know how the ‘white folk’ feel, everywhere, every day, and the black on white violent crime stats overwhelmingly prove the reality and legitimacy of that concern! Civilized people everywhere are tired of the typical nigger b***s***! ]...
RACE WARS: ZIMMERMAN BREAKS SILENCE...
Family challenges Holder on New Black Panthers...
Hacked roadsign reads: 'Trayvon a n*****'...
CNN says 'f****** n*****' on air...
Anchor: 'N*****' Should Replace 'N-word' in News Reports...

Government Surveillance Crackdown On Internet Goes Into Overdrive...
Congressman fears Obama power grab in 'emergency'...
Fidel Castro mocks Obama over 'guayabera' diplomacy...

Rev. Wright Unleashed: 'White Supremacy' Drives 'World Policy'...
Clarence Thomas Worshipping 'Some Other God'...

REPORT: 'Stunning lack of diversity' in Obama's re-election campaign [ I’d say this is more embarrassing for the self-destructive whites who are for obama; after all, who would be foolish enough to hire the typically uncivilized, problematic, violence / crime prone, etc., blacks? ] ... { to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). }
$1 million pizza party in Detroit -- on sterling silver plates!
WHouse basketballs emblazoned with Obama's image...
HOODIE ON THE HILL...
VIDEO: Dem Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members, keep your purses close when ‘bobby bobby r’ is near; the temptation might prove to be too much for his inner rap nigger soul man. ]
Ex-Black Panther...
Another Says Trayvon 'Hunted Down Like Dog' [Well, if the shoe fits … but, actually, niggers are more like apes, monkeys that only evolved to a point… and some dog-lovers might be offended by comparing niggers to dogs. ]...
Pentagon unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those black niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]

Black Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who do these filthy niggers think they are? ] Take a look at this nigger who kills a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of Florida teen not a racist, lawyer says...
SECRET WITNESS: Self-defense... [Witness: Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different picture than we've seen so far of what happened the night 17-year-old Trayvon Martin was shot and killed.The night of that shooting, police say there was a witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to that witness.What Sanford Police investigators have in the folder, they put together on the killing of Trayvon Martin few know about.The file now sits in the hands of the state attorney. Now that file is just weeks away from being opened to a grand jury.It shows more now about why police believed that night that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told dispatchers he was following a teen. The dispatcher told Zimmerman not to.And from that moment to the shooting, details are few.But one man's testimony could be key for the police."The guy on the bottom who had a red sweater on was yelling to me: 'help, help…and I told him to stop and I was calling 911," he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only wanted to be identified as "John," and didn't not want to be shown on camera.His statements to police were instrumental, because police backed up Zimmerman's claims, saying those screams on the 911 call are those of Zimmerman."When I got upstairs and looked down, the guy who was on top beating up the other guy, was the one laying in the grass, and I believe he was dead at that point," John said.Zimmerman says the shooting was self defense. According to information released on the Sanford city website, Zimmerman said he was going back to his SUV when he was attacked by the teen.Sanford police say Zimmerman was bloody in his face and head, and the back of his shirt was wet and had grass stains, indicating a struggle took place before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun
Hoodie-Wearing niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night  ]
'There were young men scattered everywhere'... [ http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]

Buchanan: It's all about race now...
NAACP condemns nigger apeman sharpton's call for escalation in civil disobedience...
Talkradio host calls for arrest and removal from MSNBC...
Detroit Preacher: 'Isn't The Mood In This Nation That White People Are Better Than Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished truth! And, not just whites; viz., Asians, Hispanics, real American Indians, etc., and most feral beasts except dogs are better than blacks who are at best their equals, though some dog owners/lovers may dispute that. Niggers are a scourge on civilized society wherever they are. Just look around, worldwide, wherever they are, in concentrations particularly; it’s the same nigger story. That’s the way they are. That’s what they are. They are a blight on any neighborhood. They are a blight on any society and an insurmountable burden. They bring any society down. Some will argue, how ‘bout sports?, to which one may reply, ie., just because you go to horse races, doesn’t mean you want to live with horses, or, just because you have monkeys in zoos doesn’t mean you want to live with them, etc., much less cede control and affect over society to them. ] '

PARENTS OF MURDERED WHITE STUDENTS SLAM OBAMA FOR SILENCE [ Well, they’re just white folk, not niggers like obama et als. Moreover, there would be no end to the limitless requests as ‘black on white violent crime’ is at epidemic levels and by far exceeds the miniscule proportions of white on black crime. http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
George Zimmerman's father speaks for first time...
Says Trayvon threatened to kill his son...
'You're going to die tonight'...
ABCNEWS: Police video shows no blood...
Large gash on back of head?
POLICE REPORT: Bleeding from nose, head...
Network names 13-year-old witness...
'Plzz shoot da #mf dat lied 2 u!'
@KILLZIMMERMAN TWITTER feed...
First lady hits Vegas with daughters...
FLASHBACK: Obama: 'You can't go take a trip to Vegas on taxpayer's dime'...
10-car motorcade at Mount Rushmore; tourist access restricted during visit...
[ The niggers are forever so ‘in your face’ with their hypocrisy, sense of entitlement, and divorcement from reality; always pushing the bounds of niggerism to contrive an incident / controversy when rational people finally stand up and say ‘wait just one cotton-pickin’ minute’; so outlandish is the typical black jive / nigger b***s***! ]
Holder loses again: Charges against militia members thrown out … [ The corrupt, biased holder should be going after his fellow niggers, the black panthers! ] ...
COPS: Trayvon protesters ransack store … [ Any excuse for niggers to be niggers! ]...
House dems try to politicize...
Zimmerman a registered Democrat...
'You ain't tell me you swung on a bus driver'...
Multiple suspensions from school: marijuana, grafitti, 'possession of burglary tool,' jewelry...
Suspended THREE times for drugs, truancy and graffiti and 'caught carrying a burglary tool': New picture emerges of Trayvon Martin (and did he attack a bus driver too?)

• The teen was suspended from school three times
• He was on suspension when he was shot in February, after officials caught him with a 'marijuana pipe' and a baggie with drug residue
• Trayvon was kicked out of school in October for graffiti after he was allegedly caught with a 'burglary tool' and a bag full of women's jewelry

• Officials also suspended him once for skipping school and tardiness

· Trayvon Martin was suspended from school three times in the months before he was shot dead by a neighborhood watchman, it emerged today.

· The facts, revealed in a leaked report, paint a different picture of a teenager who frequently found himself in trouble with authorities.

· It was also revealed that he might have attacked a bus driver, according to a Twitter account that it is claimed belonged to the teen.

The Miami Herald claims that in October, he was caught with a 'burglary tool' - a flathead screwdriver - and 12 pieces of women's jewellery. Martin insisted that they did not belong to him.

POLICE: Black teenagers light 13-year-old on fire; 'You get what you deserve, white boy'...
Typical n*****s! Come on! People are tired of making making up excuses for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white people'... [ Typical n*****s! Good thing there are food stamps; otherwise they’d be reverting to their inherent proclivity for canabalism (send them back to africa … even give them a lump sum for an irrevocable repatriation incentive … a huge cost-saving beyond the first year with substantial salutary effects for the nation, the economy, and the remaining civilized non-blacks). The other major crimes they do anyway. It’s their nature. You’ll never change the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security... [ I refrained from using the ‘n word’ (or even blacks / negroes) in referring to the culprits in the following two incidents (those tender sensibilities) but I’m sure you’ve guessed that they were niggers and I include same here in light of the foregoing incident (and yes, the victims were white), which is typical. ‘.. while walking through Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion (limbic system / adrenalin flow) I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped / a crowd gathered / an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA’s position with both felonies ( he went to prison – pled out ). The other case I wrote about here ( This was included on my website in the Psychology forum discussion of ‘bystander effect’ / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparently had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp (a police officer here in California was the object of intense criticism for having used a flashlight to subdue a criminal / nigger after a long chase so I included that here) . The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal / nigger went to jail (where they belong). The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). ]
Black Serial/Mass/Spree Killer List:
1. Matthew Emanuel Macon (Murdered and Raped 5 White Women in Lansing)
2. Jimmie Reed (Murdered his wife and his 2 month old daughter and set them on fire)
3. Shelly Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)
4. Justin Blackshere (Stabbed two white cooks at Cheli’s Chili downtown Detroit)
5. Jervon Miguel Coleman (Murdered three people.)
6. Donell Ramon Johnson (Murdered a mother and a daughter)
7. Brian Ranard Davis (6 women known murdered by nigger)
8. Paul Durousseau (Seven women)
9. Mark Goudeau “The Baseline Killer” (Eight women and a man in 2005-2006)
10. Coral Eugene Watts (11 women in Texas & 1 in Michigan)
11. Anthony McKnight (Five girls and young women)
12. Derrick Todd Lee (8 Women)
13. Charles Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15 years!)
14. The Zebra Killings (71 White people)
15. Chester Turner (L.A.s most prolific killer 12 women killed.)
16. Lorenzo J. Gilyard (Kansas City, MO.—13 victims)
17. Eugene Victor Britt (Gary, IN.–3 known murder/rapes.)
18. Reginald and Jonathan Carr (The Wichita Massacre–6 Whites murdered)
19. Ray Joseph Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people in 7 days, including an entire White family.)
20. The Tinley Park Murderer (Suspect hasn’t been found but has been described as black – murdered 5 women in a store.)
21. Henry Louis Wallace (Raped and strangled 5 women to death.)
22. Charles Johnston (Murdered 3 unarmed white men in hospital)
23. Craig Price (Brutally murdered 3 women)
24. Harrison Graham (Brually Murdered 3 women)
25. Charles Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council. )
26. & 27. Darnell Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)
28 &29. John Allen Muhammad & Lee Boyd Malvo (Sniped 11 people from a car in DC, 9 died.)
30. George Russell (3 women, WA state)
31. Timothy W. Spencer (5 killed, Arlington, VA and Richmond, VA)
32. Elton M. Jackson (12 gay men killed, Norfolk, VA area)
33. Carlton Gary (3 killed in Columbus, GA)
34. Mohammed Adam Omar (16 women, Yemen. Omar is Sudanese.)
35. Kendall Francois (8 women, Poughkeepsie, NY and surrounding areas.)
36. Terry A. Blair (8 women, Kansas City area)
37. Wayne Williams (33 many of them children!, Atlanta, GA)
38. Vaughn Greenwood (11 killed in LA)
39. Andre Crawford (10 killed in Chicago – southside)
40. Calvin Jackson (9 killed possibley more in NY)
41. Gregory Klepper (killed 8, Chicago – southside)
42. Alton Coleman (Killed 8 in the Midwest)
43. Harrison Graham (killed 7+ in N. Philadelphia)
44. Cleophus Prince (6 killed in, San Diego
45. Robert Rozier (7 killed in, Miami)
46. Maurice Byrd (killed 20 + in St. Louis)
47. Maury Travis (17 and rising, St. Louis and possibly also Atlanta)
48. Hulon Mitchell, a.k.a. Yahweh Ben Yahweh (killed 20+ in Florida)
49. Lorenzo Fayne (killed 5 children in East St. Louis, IL)
50. Paul Durousseau, (killed 6, two of which were pregnant women, Jacksonville, FL; Georgia.)
51. Eddie Lee Mosley (killed 25 to 30 women, south Florida)
52. Henry Lee Jones (killed 4 in, south Florida; Bartlett, TN)
53. Richard “Babyface” Jameswhite (15 killed in, New York; Georgia.)
54. Donald E. Younge, Jr. (killed 4), East St. Louis, IL; Salt Lake City, UT.
55. Ivan Hill (killed 6 in Los Angeles area).
56. Michael Vernon (Bronx, NY. Killed at least seven people – )
57. Chester Dewayne Turner (12 women killed in, Los Angeles)
ARREST MADE IN LOS ANGELES GRIM SLEEPER SERIAL KILLER CASE July 07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME |By Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested a suspect in the Grim Sleeper serial killer case and will charge him with 10 counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of attempted murder, Capt. Kevin McClure with the Los Angeles Police Department said.Franklin will arraigned in court Thursday morning, McClure said.The California Attorney General's office attributed the arrest to DNA collected from a relative of the suspect, in a controversial and rarely used practice known as familial DNA search.’
Of Course There Are Black Serial Killers by Lynette Holloway on  July 15, 2010 The case of the "Grim Sleeper" inspires a second look at the popular perception that serial killing is the province of clever white men.
Serial Murderers' Row July 16, 2010 The following black men are among the most prolific serial killers in U.S. history. http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus: Behind the myth that only white men commit such crimes.
Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved In Fights At Mall Of America After Rumors That Rappers Are There...

Miami Heat Players Don Hoodies...
'Dead or Alive' Poster Issued by New Black Panther Party... [ ‘Minority Report’ Division of Pre-Crime, Pre-Cogs say, ‘Dead or Alive – all niggers’ … whatever the outcome in the investigative process, the stark reality is that at least, unlike the niggers committing many more ‘black on white’ violent crimes, Zimmerman (and this is no endorsement – I won’t be looking at this one incident all that closely) was at least trying to do a good thing made necessary by the ever increasing number of brutal crimes committed by the black thugs in neighborhoods across the nation; then there’s somalian pirates, etc.. People domestically and internationally are suffering from nigger-fatigue and are totally niggered out. Oh, yeah, there are some Hollywood types who feel good about themselves having niggers around and helping niggers to help them feel better than they really are, insecure as they are, by being better than at least someone beyond fantasy. Loony george clooney is one. Dreadfully boring and with that monotone, monotonous voice and not that bright, he’s not even able to fake it on screen as an action hero (ie., batman, what a horrific miscast) wimpy pussy in reality that he is; then there’s the ‘black (sean) penn’ who cried like a baby while incarcerated for a couple of days not that long ago. The atheist jolie, so fatherly troubled as she is, has let the equally mentally troubled pitt (she so nutty she makes him feel somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be the closest she’s gotten to her black projects. Let them live anonomously (in disguise) with the niggers for some time for a real close look and then see what’s left of their predisposed love for the nigger. Then there’s the italian scallion, booby deniro; drug addled as his black wife high-tower, what a total embarrassment to Italians everywhere; even as he tried to ingratiate himself recently with niggers everywhere and particularly national embarrassment mammy michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan Africa! ]
'BLACK NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE CONTRARY ] ARE UNDER ATTACK [ SAYS NIGGER SHAKEDOWN ARTIST JACKSON] ' [ Hold on one cotton-pickin’ minute jesse, that’s not what the facts say Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d look just like any other nigger. And, don’t worry about the black vote, failed president wobama the b for b***s*** will get nearly if not all, 100% of the nigger vote! Drudgereport: Farrakhan Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks that would have to be retaliated against based upon the hushed reality of the prevalence of black on white crime? The blacks should be careful what they wish for in playing that game because the facts don’t break in their favor. ] ...

People have become weary of making up excuses for blacks (like obama, holder, etc.). At some point, as now, people should not be timid about relating the cold, unvarnished truth statistically / factually about blacks and, ie., black on white violent crime, etc..

 From Pat Buchanan: As for racism, its ugliest manifestation is in interracial crime, and especially interracial crimes of violence. Is Barack Obama aware that while white criminals choose black victims 3 percent of the time, black criminals choose white victims 45 percent of the time? Is Barack aware that black-on-white rapes are 100 times more common than the reverse, that black-on-white robberies were 139 times as common in the first three years of this decade as the reverse? We have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned out to be hoaxes. But about the epidemic of black assaults on whites that are real, we hear nothing.

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

The reality is that blacks are an insoluble problem wherever they are. That’s not going to ever change; not make-shift/make-work jobs; not programs; not anything tried or to be tried; hence, they must be treated as exactly that – problems – before a solution can be derived and fashioned. ] [ Send the niggers, including niggerbama back to sub-saharan africa! ]

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

http://albertpeia.com/todaysbusinesssummarylinks.htm

http://albertpeia.com/fbimartinezcongallard.htm

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

http://albertpeia.com

What in the World Has Happened to the FBI/DOJ?
FBI Nazi Bikers Bust FBI Nazi Group http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal http://albertpeia.com/psycopathssociopathsamericasocietalcollapse.htm , http://albertpeia.com/archives.htm , [ THE REAL CRASH IS DEAD AHEAD AS 2008 IS FORGOTTEN Paul B. Farrell MarketWatch http://albertpeia.com/realcrashdeadahead.htm , Just Open Up Your Eyes And Look - 65 Signs That The Economic Collapse Is Already Happening http://albertpeia.com/65signseconomiccollapsehappening.htm , One Last Breadth: 3 Reasons to Not Trust this Market By Chad Karnes ETFguide , Warnings That A Massive Stock Market Crash Is Imminent http://albertpeia.com/massivestockmarketcrashimminent.htm

Will Frustrated Homeowners And Armed Posses Take Matters Into Their Own Hands As Home Invasions Rise?

http://albertpeia.com/selfdefense.htm

[ One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! ]

Obama’s attacks on Romney belittle presidency Marketwatch { Indeed! Come on! What can wobama say? He has but a record of abject failure to run on! And, the record IS unequivocally utter failure! All the choom fantasy, fellow nigger intimidation and threats will not change that fact! Drudgereport 10-23-12: Obama Supporters (niggers et als) Continue Threats To Riot, Assassinate Romney... }

Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm

50 Crazy Things That Obama Supporters Are Threatening To Do If Romney Wins

http://albertpeia.com/50crazythingswobamasupportersthreatening.htm

{ The question is do americans have the courage to stand up to the uncivilized terrorist niggers by giving the deserved boot to an egregiously failed president obama who has proven himself to be a typical jive-talking b***s*** nigger himself! Or, are americans going to cower in fear of the nigger threats and prove to the world they are but cowards of a failed nation. }

New Threats to Riot if Obama Loses Election... [ The threats alone are a reason sufficient for backing President Romney. If left unchecked, the nigger terrorists will be even further emboldened to their already egregious criminal, terroristic ways. No man, woman, or child will be safe if the lethal black cancer grows. The 4 years of O have been complete, utter failure and no amount of wobama b***s*** and nigger intimidation can change that fact! Quite simply, niggers are inherently criminal terrorists: Examples of what people are saying include the following;

“If obama dont get re-elected & romney wins .. on life every white persons getting pistol whipped and im startin a riot.” (SOURCE)

“If Obama don’t win lets start a riot so Romney know what he’s getting himself into.” (SOURCE)

“You know you ain’t shit if you gotta “MAKE” Mafukas vote for ROMNEY ! …. Mannnn OBAMA better get back in office . Or BLACK FOLKS will riot.” (SOURCE)

“If Romney wins im goin on a rampage.” (SOURCE)

“If Mitt Romney wins the election I think its our duties as Black folks to riot and fuck shit up.” (SOURCE)

“If every action IS met with an equal and opposite reaction ..what should workers do to employers if Romney’s elected? #Riot in the streets!!” (SOURCE)

“If Romney becomes president let’s all start a riot.” (SOURCE)

“If romney wins, imma start a mf’n riot! Rns.” (SOURCE) ]

[ Will The Election Results Cause Massive Riots To Erupt All Over America?

http://theeconomiccollapseblog.com

http://albertpeia.com/massiveriotsinamerica.htm

{ Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family

http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

{ Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }

Did the final presidential debate do anything to influence who you will support in ... NBCNews.com  { The following comment is correct. The other aspect is that people are seemingly pathetically ignoring that O’s last 4 years have been an abject, utter failure in spectacularly unprecedented fashion. A sad commentary on the state of the nation when such blatantly clear reality is ignored by so many, including those who should know better.} ‘Obama has told no truth in 4 years. He can't wave his hand and ignore sequestration. We need a leader not a liar. Romney is our only choice.’

50 Crazy Things That Obama Supporters Are Threatening To Do If Romney Wins

http://albertpeia.com/50crazythingswobamasupportersthreatening.htm

{ The question is do americans have the courage to stand up to the uncivilized terrorist niggers by giving the deserved boot to an egregiously failed president obama who has proven himself to be a typical jive-talking b***s*** nigger himself! Or, are americans going to cower in fear of the nigger threats and prove to the world they are but cowards of a failed nation. }

Will The Bottom Fall Out? 15 Signs That Layoffs And Job Losses Are Skyrocketing

http://albertpeia.com/layoffsjoblossesskyrocketing.htm

Spain is 100% Totally Beyond Saving

http://albertpeia.com/spainbeyondsaving.htm

Debates 'diminished' Obama, says Romney "You can boil down what he's saying to four simple words: more of the same," Romney said today in Reno. { I’m truly astounded that after 4 years of b***s***, lies, profligate spending for obfuscation but much vacation, and consequent unequivocal failure, people are even listening to, much less ‘buying’ what wobama desperately says. Not even a word from 0 is worth listening to. That includes those who should supposedly know better. Moreover, self-respect requires that americans reject wobama’s desperate campaign slings, arrows, and desperate entreaties which ignore the reality of his blatant failure in large part owing to his having failed to do as promised last ‘eternal campaign’. Then there’s the threats and intimidation from the niggers who are like ignorant, vicious animals in lockstep accord with the abject and utter presidential failure obama; yet, such typical ‘clannish’ racism by blacks is virtually ignored and rational opposition to the failure spelled ‘0’ is being cast as racist. How can any nation survive such contraindicated insanity. I’m truly amazed! }

Why Greg Smith Left Goldman: Wall St. Now an 'Eat-What-You-Kill System'

Dutch court says Samsung does not infringe Apple patent [ Though contrary, american courts almost without exception and the federal system generally, are so corrupt and lacking in credibility that they really deserve no precedential, jurisprudential respect…and get none. From my direct experience: One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). ( I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! http://albertpeia.com/selfdefense.htm ) ]

The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die

http://thetruthwins.com

http://albertpeia.com/allfornaught.htm

[ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

19 Numbers Which Prove That America Is Turning Away From Christianity

http://albertpeia.com/19numbersusturningfromchristianity.htm

Warnings That A Massive Stock Market Crash Is Imminent http://albertpeia.com/massivestockmarketcrashimminent.htm

MiND oF a KeYNeSiaN

http://albertpeia.com/catsareamazing.htm

American Media Drums Up Support for War … Again Posted by: George Washington Post date: 09/28/2012 - Israel Versus Iran: What’s REALLY Going On …Will Israel Blow Up Something and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and nobody else came. After all, israel will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good for israel is not so good for the rest of the world, and america particularly. Indeed, israeli agents were caught cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission accomplished? It was rather pathetic if not absurd to see netanayahoo talk about the ‘Iranian red line’ when israel’s past the red line many times over with their illegal nuke program and deployment of in excess of 200 illegal, undeclared nukes. }

10-25-12 Romney signs, American flags torched in veteran's yard...
R 50% O 47%...
R 50% O 47%...
R 50% O 47%...

MI: O 47% R 47%...
DETROIT NEWS endorses Romney...

Wisconsin company announces layoffs ahead of Biden arrival...

October Sets New Record For Disability Claims: 8,803,335 Collecting Benefits...

SHOWDOWN! TEXAS VOWS TO ARREST UN ELECTION 'OBSERVERS' { Yeah, the u.n. has the stand-in role for the wobama/holder-protected black panthers as pro-o intimidators.} ...

Father Of Slain SEAL: Obama 'Could Not Look Me In The Eye...Like Shaking Hands With Dead Fish'...

Video snags Dem boss in vote fraud...
Son resigns...

'HE'S A BULLSHITTER'... { Yes, obama is an incorrigible b***s***ter! He’s gotten by on b***s*** and special nigger consideration his entire life. He is a total embarrassment! } ‘Four years after he was elected as a self-described 'hopemonger' promising a new post-partisan era, President Barack Obama is trying to claw his way to re-election with an ugly, divisive campaign in which he is playing the role of fearmonger-in-chief…’ { He’s a desperate, failed megalomaniac who is also a pathological liar along with other mental issues/troubles ( WH: 'We Decline to Comment' on When President Learned of E-Mails... ) Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }

Did the final presidential debate do anything to influence who you will support in ... NBCNews.com  { The following comment is correct. The other aspect is that people are seemingly pathetically ignoring that O’s last 4 years have been an abject, utter failure in spectacularly unprecedented fashion. A sad commentary on the state of the nation when such blatantly clear reality is ignored by so many, including those who should know better.} ‘Obama has told no truth in 4 years. He can't wave his hand and ignore sequestration. We need a leader not a liar. Romney is our only choice.’

http://albertpeia.com/davesdailycharts.htm

37 Facts About How Cruel This Economy Has Been To Millions Of Desperate American Families http://albertpeia.com/37factscrueleconomydesperateamericans.htm , The Truth About Europe… Which the Media Won’t Report http://albertpeia.com/truthabouteumediawontreport.htm

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm { Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

Raj Gupta Gets Two Years ( at ‘Club Fed’)

This will learn him:

• RAJAT GUPTA GETS 24-MONTH PRISON SENTENCE FOR INSIDER TRADING
• RAJAT GUPTA FINED $5 MILLION

Moral of the story: steal $100 million (illustratively: nobody knows what the bottom line impact of the criminal activity was: could be more, could be less) -> spend two years in a minimum security country club, electric golf carts included. Look for a surge in insider trading cases with this ruling which makes risks to getting caught trading on inside information not only acceptable, but in fact welcome. The good news, for Jon Corzine at least, is that if the MF Global case ever gets to the sentencing stage (it won't), his sentence would be to fly coach class for 24-48 hours.

Will Frustrated Homeowners And Armed Posses Take Matters Into Their Own Hands As Home Invasions Rise?

http://albertpeia.com/selfdefense.htm

[ One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! ]

Obama’s attacks on Romney belittle presidency Marketwatch { Indeed! Come on! What can wobama say? He has but a record of abject failure to run on! And, the record IS unequivocally utter failure! All the choom fantasy, fellow nigger intimidation and threats will not change that fact! Drudgereport 10-23-12: Obama Supporters (niggers et als) Continue Threats To Riot, Assassinate Romney... }

Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm

50 Crazy Things That Obama Supporters Are Threatening To Do If Romney Wins

http://albertpeia.com/50crazythingswobamasupportersthreatening.htm

{ The question is do americans have the courage to stand up to the uncivilized terrorist niggers by giving the deserved boot to an egregiously failed president obama who has proven himself to be a typical jive-talking b***s*** nigger himself! Or, are americans going to cower in fear of the nigger threats and prove to the world they are but cowards of a failed nation. }

New Threats to Riot if Obama Loses Election... [ The threats alone are a reason sufficient for backing President Romney. If left unchecked, the nigger terrorists will be even further emboldened to their already egregious criminal, terroristic ways. No man, woman, or child will be safe if the lethal black cancer grows. The 4 years of O have been complete, utter failure and no amount of wobama b***s*** and nigger intimidation can change that fact! Quite simply, niggers are inherently criminal terrorists: Examples of what people are saying include the following;

“If obama dont get re-elected & romney wins .. on life every white persons getting pistol whipped and im startin a riot.” (SOURCE)

“If Obama don’t win lets start a riot so Romney know what he’s getting himself into.” (SOURCE)

“You know you ain’t shit if you gotta “MAKE” Mafukas vote for ROMNEY ! …. Mannnn OBAMA better get back in office . Or BLACK FOLKS will riot.” (SOURCE)

“If Romney wins im goin on a rampage.” (SOURCE)

“If Mitt Romney wins the election I think its our duties as Black folks to riot and fuck shit up.” (SOURCE)

“If every action IS met with an equal and opposite reaction ..what should workers do to employers if Romney’s elected? #Riot in the streets!!” (SOURCE)

“If Romney becomes president let’s all start a riot.” (SOURCE)

“If romney wins, imma start a mf’n riot! Rns.” (SOURCE) ]

[ Will The Election Results Cause Massive Riots To Erupt All Over America?

http://theeconomiccollapseblog.com

http://albertpeia.com/massiveriotsinamerica.htm

{ Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family

http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

{ Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }

Did the final presidential debate do anything to influence who you will support in ... NBCNews.com  { The following comment is correct. The other aspect is that people are seemingly pathetically ignoring that O’s last 4 years have been an abject, utter failure in spectacularly unprecedented fashion. A sad commentary on the state of the nation when such blatantly clear reality is ignored by so many, including those who should know better.} ‘Obama has told no truth in 4 years. He can't wave his hand and ignore sequestration. We need a leader not a liar. Romney is our only choice.’

50 Crazy Things That Obama Supporters Are Threatening To Do If Romney Wins

http://albertpeia.com/50crazythingswobamasupportersthreatening.htm

{ The question is do americans have the courage to stand up to the uncivilized terrorist niggers by giving the deserved boot to an egregiously failed president obama who has proven himself to be a typical jive-talking b***s*** nigger himself! Or, are americans going to cower in fear of the nigger threats and prove to the world they are but cowards of a failed nation. }

37 Facts About How Cruel This Economy Has Been To Millions Of Desperate American Families

http://theeconomiccollapseblog.com

http://albertpeia.com/37factscrueleconomydesperateamericans.htm

The Truth About Europe… Which the Media Won’t Report

October 24, 2012 http://gainspainscapital.com

http://albertpeia.com/truthabouteumediawontreport.htm

Debates 'diminished' Obama, says Romney "You can boil down what he's saying to four simple words: more of the same," Romney said today in Reno. { I’m truly astounded that after 4 years of b***s***, lies, profligate spending for obfuscation but much vacation, and consequent unequivocal failure, people are even listening to, much less ‘buying’ what wobama desperately says. Not even a word from 0 is worth listening to. That includes those who should supposedly know better. Moreover, self-respect requires that americans reject wobama’s desperate campaign slings, arrows, and desperate entreaties which ignore the reality of his blatant failure in large part owing to his having failed to do as promised last ‘eternal campaign’. Then there’s the threats and intimidation from the niggers who are like ignorant, vicious animals in lockstep accord with the abject and utter presidential failure obama; yet, such typical ‘clannish’ racism by blacks is virtually ignored and rational opposition to the failure spelled ‘0’ is being cast as racist. How can any nation survive such contraindicated insanity. I’m truly amazed! }

Why Greg Smith Left Goldman: Wall St. Now an 'Eat-What-You-Kill System'

Dutch court says Samsung does not infringe Apple patent [ Though contrary, american courts almost without exception and the federal system generally, are so corrupt and lacking in credibility that they really deserve no precedential, jurisprudential respect…and get none. From my direct experience: One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). ( I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! http://albertpeia.com/selfdefense.htm ) ]

The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die

http://thetruthwins.com

http://albertpeia.com/allfornaught.htm

[ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

19 Numbers Which Prove That America Is Turning Away From Christianity

http://albertpeia.com/19numbersusturningfromchristianity.htm

Warnings That A Massive Stock Market Crash Is Imminent http://albertpeia.com/massivestockmarketcrashimminent.htm

MiND oF a KeYNeSiaN

http://albertpeia.com/catsareamazing.htm

American Media Drums Up Support for War … Again Posted by: George Washington Post date: 09/28/2012 - Israel Versus Iran: What’s REALLY Going On …Will Israel Blow Up Something and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and nobody else came. After all, israel will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good for israel is not so good for the rest of the world, and america particularly. Indeed, israeli agents were caught cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission accomplished? It was rather pathetic if not absurd to see netanayahoo talk about the ‘Iranian red line’ when israel’s past the red line many times over with their illegal nuke program and deployment of in excess of 200 illegal, undeclared nukes. }

10-24-12 O Booed at university's Military Appreciation Day football game...
RASMUSSEN: R 50% O 46%...
GALLUP: R 51% O 46%...
R 50% O 46%...
R 50% O 47%...
R 49% O 48%...
R 47% O 46%...
OHIO: R 48% O 48%...
MI: O 47% R 47%...
Fmr Dem Chair: CO 'Worst Swing State'...
Romney, Ryan draw massive crowds in Colorado...
GOP moves into Wisconsin...
Emails detail unfolding Benghazi attack on September 11th...
6:07 PM 9/11/12: 'Ansar al-Sharia Claims Responsibility'...

HE KNEW

Obama challenges press to find flip-flops -- and they do...
Woodward: President 'mistaken' on sequester...

Clint: 'Second Term Would be Rerun of First'...

Chicago Store Owner Labeled Racist For Anti-Obama Signs...
Police: Black Woman Lied About KKK Setting Her On Fire...

Obama Has Massive Lead -- in Other Countries...
TRUMP TO OBAMA: Release college, passport applications, I'll donate $5 million to charity of choice...
Goes bust on TWITTER...
ALLRED MET OBAMA TWO WEEKS BEFORE 'OCTOBER SURPRISE'
ALLRED HITS DEAD-END IN ROMNEY DIRT DIG?
2ND HEARING SET...

SURPRISE: Feds sue BANK OF AMERICA...

Dave’s Daily: http://www.etfdigest.com ‘THUMBS DOWN ON EARNINGS 10-23-12 Suddenly things don’t look good for bulls. Most of it is based on poor earnings and outlooks from leading companies. .. , Pimco COO blasts financial culture Marketwatch , This Could Be the World’s Largest, Most Toxic Banking System… http://albertpeia.com/largestmosttoxicbanksystem.htm , What If We Adopted A System Where The Banks Did Not Create Our Money? http://albertpeia.com/systemwherebanksdontcreatemoney.htm , Romney’s Detroit op-ed jumps to NYT’ ‘Most Read’ list , New Obama ad inflates jobs claim It claims the president created 5.2 million new jobs. The total number of jobs added is actually about 325,000. { Wobama is such a b***s***! O is a big ZERO as in 4 failed years minus 4 more years of failure equals 0 years to go come 11-6-12 and 1-21-13! O’s such a lying con/grifter! } , Lance Armstrong and America’s growing culture of psychopathic liars Natural News | Lance Armstrong’s implosion is being called an “epic downfall” by CNN. , Eyes Wide Shut - "We Are In A Bad Spot" ZeroHedge.com We cannot escape the conclusion that things remain hopelessly off track.  Whatever form of 'recovery' is being sought here simply will not arrive. The core of our views is shaped by the idea that the very thing being sought, more economic growth (and exponential growth, at that), is exactly the root of the problem.  We suppose we would take a similarly dim view of an alcoholic trying to drink their way back to health as we do the increasingly interventionist central bank and associated political policies the world over.

Will Frustrated Homeowners And Armed Posses Take Matters Into Their Own Hands As Home Invasions Rise?

http://endoftheamericandream.com

http://albertpeia.com/selfdefense.htm

[ One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! ]

Obama’s attacks on Romney belittle presidency Marketwatch { Indeed! Come on! What can wobama say? He has but a record of abject failure to run on! And, the record IS unequivocally utter failure! All the choom fantasy, fellow nigger intimidation and threats will not change that fact! Drudgereport 10-23-12: Obama Supporters (niggers et als) Continue Threats To Riot, Assassinate Romney... }

Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm

50 Crazy Things That Obama Supporters Are Threatening To Do If Romney Wins

http://albertpeia.com/50crazythingswobamasupportersthreatening.htm

{ The question is do americans have the courage to stand up to the uncivilized terrorist niggers by giving the deserved boot to an egregiously failed president obama who has proven himself to be a typical jive-talking b***s*** nigger himself! Or, are americans going to cower in fear of the nigger threats and prove to the world they are but cowards of a failed nation. }

New Threats to Riot if Obama Loses Election... [ The threats alone are a reason sufficient for backing President Romney. If left unchecked, the nigger terrorists will be even further emboldened to their already egregious criminal, terroristic ways. No man, woman, or child will be safe if the lethal black cancer grows. The 4 years of O have been complete, utter failure and no amount of wobama b***s*** and nigger intimidation can change that fact! Quite simply, niggers are inherently criminal terrorists: Examples of what people are saying include the following;

“If obama dont get re-elected & romney wins .. on life every white persons getting pistol whipped and im startin a riot.” (SOURCE)

“If Obama don’t win lets start a riot so Romney know what he’s getting himself into.” (SOURCE)

“You know you ain’t shit if you gotta “MAKE” Mafukas vote for ROMNEY ! …. Mannnn OBAMA better get back in office . Or BLACK FOLKS will riot.” (SOURCE)

“If Romney wins im goin on a rampage.” (SOURCE)

“If Mitt Romney wins the election I think its our duties as Black folks to riot and fuck shit up.” (SOURCE)

“If every action IS met with an equal and opposite reaction ..what should workers do to employers if Romney’s elected? #Riot in the streets!!” (SOURCE)

“If Romney becomes president let’s all start a riot.” (SOURCE)

“If romney wins, imma start a mf’n riot! Rns.” (SOURCE) ]

[ Will The Election Results Cause Massive Riots To Erupt All Over America?

http://theeconomiccollapseblog.com

http://albertpeia.com/massiveriotsinamerica.htm

{ Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family

http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

{ Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }

Did the final presidential debate do anything to influence who you will support in ... NBCNews.com  { The following comment is correct. The other aspect is that people are seemingly pathetically ignoring that O’s last 4 years have been an abject, utter failure in spectacularly unprecedented fashion. A sad commentary on the state of the nation when such blatantly clear reality is ignored by so many, including those who should know better.} ‘Obama has told no truth in 4 years. He can't wave his hand and ignore sequestration. We need a leader not a liar. Romney is our only choice.’

50 Crazy Things That Obama Supporters Are Threatening To Do If Romney Wins

http://albertpeia.com/50crazythingswobamasupportersthreatening.htm

{ The question is do americans have the courage to stand up to the uncivilized terrorist niggers by giving the deserved boot to an egregiously failed president obama who has proven himself to be a typical jive-talking b***s*** nigger himself! Or, are americans going to cower in fear of the nigger threats and prove to the world they are but cowards of a failed nation. }

[ Will The Election Results Cause Massive Riots To Erupt All Over America?

http://theeconomiccollapseblog.com

http://albertpeia.com/massiveriotsinamerica.htm

{ Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die

http://thetruthwins.com

http://albertpeia.com/allfornaught.htm

[ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

19 Numbers Which Prove That America Is Turning Away From Christianity

http://albertpeia.com/19numbersusturningfromchristianity.htm

Warnings That A Massive Stock Market Crash Is Imminent http://albertpeia.com/massivestockmarketcrashimminent.htm

MiND oF a KeYNeSiaN

http://albertpeia.com/catsareamazing.htm

American Media Drums Up Support for War … Again Posted by: George Washington Post date: 09/28/2012 - Israel Versus Iran: What’s REALLY Going On …Will Israel Blow Up Something and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and nobody else came. After all, israel will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good for israel is not so good for the rest of the world, and america particularly. Indeed, israeli agents were caught cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission accomplished? It was rather pathetic if not absurd to see netanayahoo talk about the ‘Iranian red line’ when israel’s past the red line many times over with their illegal nuke program and deployment of in excess of 200 illegal, undeclared nukes. }

10-23-12 RASMUSSEN: R 50% O 46%...
GALLUP: R 51% O 46%...
POLLS: ROMNEY TAKES LEAD IN FAVORABILITY...

VIDEO: Romney Wins CBS Focus Group In Ohio...

With two weeks to go (feet to the fire), president releases second-term plan (Sounds like a … non-plan; after all, what has wobama ever said/promised in a campaign that’s come to fruition … right!… 0 as in zero as in O..bama) ...

STOCKS ROCKED: DOW -200...
Obama Supporters Continue Threats To Riot, Assassinate Romney... { Tweets Reveal Obama Supporters Fueled by ‘Racial Hatred’ Paul Joseph Watson | Chris Matthews gets it wrong again. (Indeed he does!) }
MSNBC crowd boos 9-year-old girl for supporting Romney... {Oooooh! Wobamanoids are so effective in targeting the ‘opposition’!}
Son Of WI State Senator Attacked Protecting Romney/Ryan Sign... ...
5-year-old girl raised by monkeys... [ Come on … leave wobama’s daughters out of this……….. my payback (Do not talk to President Romney that way!) for President 'insulted, patronized, mocked' his opponent... What can wobama say? He has but a record of abject failure to run on! And, the record IS unequivocally utter failure! All the choom fantasy, fellow nigger intimidation and threats will not change that fact! ]

Three Things Investors Don’t Know About Europe

October 22, 2012

How To Buy Bullion (What to Ask and What to Own)

October 21, 2012

The Recipe For Hyperinflation

October 20, 2012

http://gainspainscapital.com

http://albertpeia.com/europebullionhyperinflation.htm

One World Economic System Kills American Jobs

http://albertpeia.com/oneworldeconsystemkillsamericanjobs.htm

The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die

http://thetruthwins.com

http://albertpeia.com/allfornaught.htm

[ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

19 Numbers Which Prove That America Is Turning Away From Christianity

http://albertpeia.com/19numbersusturningfromchristianity.htm

Warnings That A Massive Stock Market Crash Is Imminent http://albertpeia.com/massivestockmarketcrashimminent.htm

MiND oF a KeYNeSiaN

http://albertpeia.com/catsareamazing.htm

American Media Drums Up Support for War … Again Posted by: George Washington Post date: 09/28/2012 - Israel Versus Iran: What’s REALLY Going On …Will Israel Blow Up Something and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and nobody else came. After all, israel will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good for israel is not so good for the rest of the world, and america particularly. Indeed, israeli agents were caught cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission accomplished? It was rather pathetic if not absurd to see netanayahoo talk about the ‘Iranian red line’ when israel’s past the red line many times over with their illegal nuke program and deployment of in excess of 200 illegal, undeclared nukes. }

10-22-12 GALLUP MONDAY: R 51% O 45%...

GALLUP: R 52% 0 45%...

CO: R 50% O 46%...

Image of Romney crops up in Iowa farm field...

Chavez, Castro, Putin ( among others in the ‘pro-america’ block ) endorse Obama...

ISSA TURNS UP HEAT ON SEBELIUS...

FABER: Cut US Govt. By 50% Now!

PAPER: Obama's Blind Eye to Illegal Donors...

Taxes go up in 2013 for 163 million workers...

Man busted for throwing pennies into Dem HQ; 'All he has left after being taxed by Obama'...
SIMON: Should Obama Resign Tonight?
International (pro-obama) monitors to watch US elections...
Obama Campaign Borrows $15M from Bank of America...
Gov't Foreign Debt Now $47,495 Per Household...
$10,090/Household Owed to China...
{ Nigger Terrorist at Work Mass Shooting At Brookfield Square Mall In Wisconsin Submitted by Tyler Durden on 10/21/2012 Breaking news of a mass shooting at the Azana Salon and Spa at the Brookfield Square Mall. Details still scarce but at least 4 people reported wounded and 3 more patients expected, emergency responders are on the ground, and the mall has been put on lockdown. The shooting suspect, who is said to have used a machine gun, is still at large. Updates via @USEmergAlerts: BROOKFIELD SQUARE | U/D SUSP BLACK MALE 6'1" 270 LBS. BALD. BROWN EYES U/D BPD RQST A MILWAUKEE SWAT TEAM & FLIGHT FOR LIFE IS ALSO LANDING AT THE NE CORNER OF BROOKFIELD SQUARE | UEA555 }

Son Of WI State Senator Attacked Protecting Romney/Ryan Sign... ...

Spain’s Back In Crisis Mode… And Will Take The EU Down With It http://albertpeia.com/spainbackincrisismode.htm

50 Crazy Things That Obama Supporters Are Threatening To Do If Romney Wins

http://albertpeia.com/50crazythingswobamasupportersthreatening.htm

{ The question is do americans have the courage to stand up to the uncivilized terrorist niggers by giving the deserved boot to an egregiously failed president obama who has proven himself to be a typical jive-talking b***s*** nigger himself! Or, are americans going to cower in fear of the nigger threats and prove to the world they are but cowards of a failed nation. }

[ Will The Election Results Cause Massive Riots To Erupt All Over America?

http://theeconomiccollapseblog.com

http://albertpeia.com/massiveriotsinamerica.htm

{ Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die

http://thetruthwins.com

http://albertpeia.com/allfornaught.htm

[ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

19 Numbers Which Prove That America Is Turning Away From Christianity

http://albertpeia.com/19numbersusturningfromchristianity.htm

Warnings That A Massive Stock Market Crash Is Imminent http://albertpeia.com/massivestockmarketcrashimminent.htm

MiND oF a KeYNeSiaN

http://albertpeia.com/catsareamazing.htm

American Media Drums Up Support for War … Again Posted by: George Washington Post date: 09/28/2012 - Israel Versus Iran: What’s REALLY Going On …Will Israel Blow Up Something and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and nobody else came. After all, israel will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good for israel is not so good for the rest of the world, and america particularly. Indeed, israeli agents were caught cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission accomplished? It was rather pathetic if not absurd to see netanayahoo talk about the ‘Iranian red line’ when israel’s past the red line many times over with their illegal nuke program and deployment of in excess of 200 illegal, undeclared nukes. }

This Is Why, To An Economist, QE Refuses To Work ZeroHedge.com { A very important point/reference is made here infra regarding the reality of ‘grant’ (bribe) money which is why academics are, though contraindicated in terms of reality and 4 years of failure, backing obama in lock-step legion. Truly pathetic and indicative of decline! True desperation! } There is practical, everyday common sense... and then there is economics. Because when it comes to explaining why a square peg won't fit into a round hole, only an economist will tell you, over and over, that it will eventually happen, one must just tweak the theory a little first, and then reality will promptly follow. And while even economists have enough of a frontal lobe (and realize there is little grant money) to pursue intractable pegs and hole problems, when it comes to the theory at the heart of their beloved Keynesian voodoo religion, namely Quantitative Easing, the answer is always one, and it is very simple: we need more! Yet even economists are not naive enough to not recognize that QE has not worked in any of its 4 previous iterations (logically, as if it had there would be no need for a fifth, open-ended one). Where it gets fun is watching them come up with amusing yet convoluted, involved and outright demented explanations, some even in chart format, why QE keeps on failing. Below, we present just such a graphic explanation which only an economist could love, or care about , This Is The Housing Bubble Beneath The "Recovery" We want to 'believe', we really do; but anyone with any sense (and no skin in the game) can see through the data; the eon-like periods of foreclosure and the drastically reduced supply. No matter how 'bullish' homebuilders are, or how much they dream of a future pickup, calling the recovery (as Bob Shiller recently noted) is just a fool's errand. The truth is, for the average citizen, housing is not recovering - the wealth effect is not creating animal spirits - and we do indeed have more to fear than fear itself. The following 79 second clip from Bloomberg TV should perhaps clarify the 'difference' in demand for housing. Primary residence 'buyers' are down remarkably, while 'investors' are up dramatically - now at pre-crisis bubble levels! Perhaps, as we noted here, Och-Ziff's stepping away from the 'flip-that-house' or 'REO-to-Rental' game is as good an indicator of exuberance as any. , Spain's Regional Bailout Fund: A Drop In A Bucket Of Insolvency , Bill Gross Warns "Very Likely' Central Banks Will Cause 1987-Like Crash

The failed banana republic/welfare state of california, for wobama with eyes closed, a corruption/fraud/crime-ridden state desperate to help 4 year failure obama by whatever fraudulent/corrupt means:

‘…Business Insider's Henry Blodget claiming that "Well, we're glad to say that we've finally gotten to the bottom of what happened" and that the state in question is none other than California (supposedly as opposed to Illinois to shut up those wacky conspiracy theorists). Turns out the site known best for its slideshow presentations (which will soon double down as advertisements) may have once again fibbed just a little, following an official demand by none other than California state Employment Development Department direct, Pam Harris (the typical lying nigger), that BI retract its article. To wit: "Reports that California failed to fully report data to the U.S. Department of Labor, as required, are incorrect and irresponsible... It’s unfortunate this ‘reporter’ and others who repeated the article’s erroneous statements chose to speculate rather than report, failing to confirm this information with EDD." Sure enough, the 'reporter' in question replied, and it appears that Business Insider is better informed than California when it comes to matters such as these, and has refused to retract…’

http://www.marketwatch.com/story/ignore-volatile-jobless-data-hiring-still-slow-2012-10-18

‘…The culprit: California. The nation’s most populous state appears to have shown a smaller number of claims than usual two weeks ago. The seeming shortfall was probably made up for in the most recent data. Since California is the state with the highest number of overall claims, it can have a big influence on the weekly U.S. report. The number of people who apply for benefits each week in the Golden State is roughly equal to New York, Texas and Illinois combined. A message left with the employment development department of California wasn’t immediately returned…’

What can you expect from niggers...0! The niggerization of caifornia: 10 states stealing California's population { Stealing? I don’t think so. There’s really nothing positive to say about california as a (w)hole! Only jersey is worse! http://albertpeia.com/calihole.htm And, as recently as the Reagan ‘80’s that was not nearly the case concerning california which has fallen far and fast. } , What Do California And Detroit Have In Common? (Hint: niggers, etc.) http://albertpeia.com/californiadetroitdeclineincommon.htm { Not to be confused with the baseball Tigers: Congratulations on their pennant win! Go Big Cats! }, Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm Pro 0 New York’s not much better with their trillion dollar wall street frauds/drain.

55 Facts About The Debt And U.S. Government Finances That Every American Voter Should Know

http://theeconomiccollapseblog.com

http://albertpeia.com/55factsaboutusdebtfinancesvotersshouldknow.htm

Microsoft earnings fall ahead of slate of releases { There should be no surprise here … microsoft word/windows 2000 professional … that’s it … all downhill thereafter … newer op systems are invariably unstable regardless of the amount of ram or processor (ie., AMD/Intel). Terrible! Pathetic! Horrible! What can you expect from a failed government protected monopoly. }

50 Crazy Things That Obama Supporters Are Threatening To Do If Romney Wins

http://endoftheamericandream.com

http://albertpeia.com/50crazythingswobamasupportersthreatening.htm

{ The question is do americans have the courage to stand up to the uncivilized terrorist niggers by giving the deserved boot to an egregiously failed president obama who has proven himself to be a typical jive-talking b***s*** nigger himself! Or, are americans going to cower in fear of the nigger threats and prove to the world they are but cowards of a failed nation. }

A Jobs Report Conspiracy?

http://albertpeia.com/jobreportcon.htm

{ Come on! People have to start calling a spade a spade! O’s just a typical incompetent, jive-talking b***s*** black! He is so pathetic and a total embarrassment! }

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

50 Crazy Things That Obama Supporters Are Threatening To Do If Romney Wins

http://albertpeia.com/50crazythingswobamasupportersthreatening.htm

{ The question is do americans have the courage to stand up to the uncivilized terrorist niggers by giving the deserved boot to an egregiously failed president obama who has proven himself to be a typical jive-talking b***s*** nigger himself! Or, are americans going to cower in fear of the nigger threats and prove to the world they are but cowards of a failed nation. }

New Threats to Riot if Obama Loses Election... [ The threats alone are a reason sufficient for backing President Romney. If left unchecked, the nigger terrorists will be even further emboldened to their already egregious criminal, terroristic ways. No man, woman, or child will be safe if the lethal black cancer grows. The 4 years of O have been complete, utter failure and no amount of wobama b***s*** and nigger intimidation can change that fact! Quite simply, niggers are inherently criminal terrorists: Examples of what people are saying include the following;

“If obama dont get re-elected & romney wins .. on life every white persons getting pistol whipped and im startin a riot.” (SOURCE)

“If Obama don’t win lets start a riot so Romney know what he’s getting himself into.” (SOURCE)

“You know you ain’t shit if you gotta “MAKE” Mafukas vote for ROMNEY ! …. Mannnn OBAMA better get back in office . Or BLACK FOLKS will riot.” (SOURCE)

“If Romney wins im goin on a rampage.” (SOURCE)

“If Mitt Romney wins the election I think its our duties as Black folks to riot and fuck shit up.” (SOURCE)

“If every action IS met with an equal and opposite reaction ..what should workers do to employers if Romney’s elected? #Riot in the streets!!” (SOURCE)

“If Romney becomes president let’s all start a riot.” (SOURCE)

“I Heard Mitt Romney , Tryna Take Away Food Stamps , If He Do .”IMA START A RIOT , IMA START A RIOT.” (SOURCE)

“If romney wins, imma start a mf’n riot! Rns.” (SOURCE) ]

[ Will The Election Results Cause Massive Riots To Erupt All Over America?
http://theeconomiccollapseblog.com http://albertpeia.com/massiveriotsinamerica.htm { Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm } ]

Farrakhan warns forces trying 'to keep America white'... { Another nigger threat! }
CHICAGOLAND: For second time, grandmother learns a grandson is shot to death...
5 dead, 25 wounded over weekend... { Just another day in niggerland! }

Will The Election Results Cause Massive Riots To Erupt All Over America?

http://albertpeia.com/massiveriotsinamerica.htm

{ Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family

http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

{ Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

10-19-12 REALCLEAR MAP: Romney takes first lead in electoral college...
Closing 26-point gap, Romney's favorability rating tops Obama's for first time...
PA SHOCK POLL: R 49% O 45%...
VA: R 50% O 47%...
FL: R 51% O 46%...
GALLUP: R 51% O 45% (10-19-12)...

Lifetime Democrat Lee Iacocca Endorses Romney...

Jesse Jackson Jr. may return to Mayo Clinic...
Off campaign trail since June, checks still paid to wife's consulting firm...
Has spent $110,000 since Rep dropped off...

CHICAGOLAND: Pack of Teen Girls Arrested For Armed Robbery...

GALLUP: R 52% O 45%...

PA SHOCK POLL: R 49% O 45%...

WELFARE SOARS 32% IN 4 YEARS...
Now costs $1,030,000,000,000...
Jobless claims rise most in 4 months...
Obama DOES Have Investments In Cayman Islands Trust...
... and has a bigger pension than Romney!
Under president, for every $7 brought in by gov't, $11 spent...
REALCLEAR MAP: Romney takes first lead in electoral college...

{ Any state that President Romney doesn’t carry is going to suffer! }

NC: R 52% O 46%...

OH: O 49% R 48%...
MI: O 44% R 41%...
WI: R 49% O 48%...
R closes 11-point gap in just two weeks...
O Brags About His Appeal Among Toddlers (sure…them among other young people who don’t understand how big a failure 0 is and how substantially he’s screwed them and the nation for years to come!)...

OBAMA ON COMEDY CENTRAL: 'WHEN FOUR AMERICANS GET KILLED, IT'S NOT OPTIMAL' [ 0’s such a joker/failure/joke! ]

Violent crime jumps 18%, first rise in nearly 20 years...

The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die

http://thetruthwins.com

http://albertpeia.com/allfornaught.htm

[ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

19 Numbers Which Prove That America Is Turning Away From Christianity

http://albertpeia.com/19numbersusturningfromchristianity.htm

Warnings That A Massive Stock Market Crash Is Imminent http://albertpeia.com/massivestockmarketcrashimminent.htm

MiND oF a KeYNeSiaN

http://albertpeia.com/catsareamazing.htm

American Media Drums Up Support for War … Again Posted by: George Washington Post date: 09/28/2012 - Israel Versus Iran: What’s REALLY Going On …Will Israel Blow Up Something and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and nobody else came. After all, israel will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good for israel is not so good for the rest of the world, and america particularly. Indeed, israeli agents were caught cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission accomplished? It was rather pathetic if not absurd to see netanayahoo talk about the ‘Iranian red line’ when israel’s past the red line many times over with their illegal nuke program and deployment of in excess of 200 illegal, undeclared nukes. }

The failed banana republic/welfare state of california, for wobama with eyes closed, a corruption/fraud/crime-ridden state desperate to help 4 year failure obama by whatever fraudulent/corrupt means:

‘…Business Insider's Henry Blodget claiming that "Well, we're glad to say that we've finally gotten to the bottom of what happened" and that the state in question is none other than California (supposedly as opposed to Illinois to shut up those wacky conspiracy theorists). Turns out the site known best for its slideshow presentations (which will soon double down as advertisements) may have once again fibbed just a little, following an official demand by none other than California state Employment Development Department direct, Pam Harris (the typical lying nigger), that BI retract its article. To wit: "Reports that California failed to fully report data to the U.S. Department of Labor, as required, are incorrect and irresponsible... It’s unfortunate this ‘reporter’ and others who repeated the article’s erroneous statements chose to speculate rather than report, failing to confirm this information with EDD." Sure enough, the 'reporter' in question replied, and it appears that Business Insider is better informed than California when it comes to matters such as these, and has refused to retract…’

http://www.marketwatch.com/story/ignore-volatile-jobless-data-hiring-still-slow-2012-10-18

‘…The culprit: California. The nation’s most populous state appears to have shown a smaller number of claims than usual two weeks ago. The seeming shortfall was probably made up for in the most recent data. Since California is the state with the highest number of overall claims, it can have a big influence on the weekly U.S. report. The number of people who apply for benefits each week in the Golden State is roughly equal to New York, Texas and Illinois combined. A message left with the employment development department of California wasn’t immediately returned…’

What can you expect from niggers...0! The niggerization of caifornia: 10 states stealing California's population { Stealing? I don’t think so. There’s really nothing positive to say about california as a (w)hole! Only jersey is worse! http://albertpeia.com/calihole.htm And, as recently as the Reagan ‘80’s that was not nearly the case concerning california which has fallen far and fast. } , What Do California And Detroit Have In Common? (Hint: niggers, etc.) http://albertpeia.com/californiadetroitdeclineincommon.htm { Not to be confused with the baseball Tigers: Congratulations on their pennant win! Go Big Cats! }, Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm Pro 0 New York’s not much better with their trillion dollar wall street frauds/drain.

55 Facts About The Debt And U.S. Government Finances That Every American Voter Should Know

http://albertpeia.com/55factsaboutusdebtfinancesvotersshouldknow.htm

Microsoft earnings fall ahead of slate of releases { There should be no surprise here … microsoft word/windows 2000 professional … that’s it … all downhill thereafter … newer op systems are invariably unstable regardless of the amount of ram or processor (ie., AMD/Intel). Terrible! Pathetic! Horrible! What can you expect from a failed government protected monopoly. }

50 Crazy Things That Obama Supporters Are Threatening To Do If Romney Wins

http://albertpeia.com/50crazythingswobamasupportersthreatening.htm

{ The question is do americans have the courage to stand up to the uncivilized terrorist niggers by giving the deserved boot to an egregiously failed president obama who has proven himself to be a typical jive-talking b***s*** nigger himself! Or, are americans going to cower in fear of the nigger threats and prove to the world they are but cowards of a failed nation. }

A Jobs Report Conspiracy?

http://albertpeia.com/jobreportcon.htm

{ Come on! People have to start calling a spade a spade! O’s just a typical incompetent, jive-talking b***s*** black! He is so pathetic and a total embarrassment! }

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

50 Crazy Things That Obama Supporters Are Threatening To Do If Romney Wins

http://albertpeia.com/50crazythingswobamasupportersthreatening.htm

{ The question is do americans have the courage to stand up to the uncivilized terrorist niggers by giving the deserved boot to an egregiously failed president obama who has proven himself to be a typical jive-talking b***s*** nigger himself! Or, are americans going to cower in fear of the nigger threats and prove to the world they are but cowards of a failed nation. }

New Threats to Riot if Obama Loses Election... [ The threats alone are a reason sufficient for backing President Romney. If left unchecked, the nigger terrorists will be even further emboldened to their already egregious criminal, terroristic ways. No man, woman, or child will be safe if the lethal black cancer grows. The 4 years of O have been complete, utter failure and no amount of wobama b***s*** and nigger intimidation can change that fact! Quite simply, niggers are inherently criminal terrorists: Examples of what people are saying include the following;

“If obama dont get re-elected & romney wins .. on life every white persons getting pistol whipped and im startin a riot.” (SOURCE)

“If Obama don’t win lets start a riot so Romney know what he’s getting himself into.” (SOURCE)

“You know you ain’t shit if you gotta “MAKE” Mafukas vote for ROMNEY ! …. Mannnn OBAMA better get back in office . Or BLACK FOLKS will riot.” (SOURCE)

“If Romney wins im goin on a rampage.” (SOURCE)

“If Mitt Romney wins the election I think its our duties as Black folks to riot and fuck shit up.” (SOURCE)

“If every action IS met with an equal and opposite reaction ..what should workers do to employers if Romney’s elected? #Riot in the streets!!” (SOURCE)

“If Romney becomes president let’s all start a riot.” (SOURCE)

“I Heard Mitt Romney , Tryna Take Away Food Stamps , If He Do .”IMA START A RIOT , IMA START A RIOT.” (SOURCE)

“If romney wins, imma start a mf’n riot! Rns.” (SOURCE) ]

[ Will The Election Results Cause Massive Riots To Erupt All Over America?
http://theeconomiccollapseblog.com http://albertpeia.com/massiveriotsinamerica.htm { Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm } ]

Farrakhan warns forces trying 'to keep America white'... { Another nigger threat! }
CHICAGOLAND: For second time, grandmother learns a grandson is shot to death...
5 dead, 25 wounded over weekend... { Just another day in niggerland! }

Will The Election Results Cause Massive Riots To Erupt All Over America?

http://albertpeia.com/massiveriotsinamerica.htm

{ Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family

http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

{ Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

10-18-12 GALLUP: R 52% O 45%...

PA SHOCK POLL: R 49% O 45%...

WELFARE SOARS 32% IN 4 YEARS...
Now costs $1,030,000,000,000...
Jobless claims rise most in 4 months...
Obama DOES Have Investments In Cayman Islands Trust...
... and has a bigger pension than Romney!
Under president, for every $7 brought in by gov't, $11 spent...
REALCLEAR MAP: Romney takes first lead in electoral college...

{ Any state that President Romney doesn’t carry is going to suffer! }

NC: R 52% O 46%...

OH: O 49% R 48%...
MI: O 44% R 41%...
WI: R 49% O 48%...
R closes 11-point gap in just two weeks...
O Brags About His Appeal Among Toddlers (sure…them among other young people who don’t understand how big a failure 0 is and how substantially he’s screwed them and the nation for years to come!)...

OBAMA ON COMEDY CENTRAL: 'WHEN FOUR AMERICANS GET KILLED, IT'S NOT OPTIMAL' [ 0’s such a joker/failure/joke! ]

Violent crime jumps 18%, first rise in nearly 20 years...

GALLUP: R 51% O 45%

DICK MORRIS: Romney won the second debate...
Threats to Assassinate Republican Romney Explode on TWITTER After Debate...

REPORT: White House contradicts president's statement on Benghazi terror attack...

Despite Pledge of Open Government, Obama Prosecuting Whistle-Blowers as Spies...

'When I Was President'... { Indeed, past tense for O and more than a Freudian slip as he heralds in new President Romney, writing on the wall though noit his teleprompter!
CAUGHT ON TAPE: Michelle O Broke Rules, Clapped During Debate...
'On Nov. 7, We're Going to Party Hard'...

U of Colorado Study: 77% likelihood Romney wins popular vote...

Record High Enrollment for Food Stamps: 46,681,833...

FOURNIER: Verdict Uncertain...
TREAT: Candy gives Obama 9% more time...
TRICK: Candy 'Throws the Flag'...
CANDYLAND: Romney was 'right in the main' on Benghazi, but 'picked the wrong word'...
Another debacle for America's media...
Reporters applaud Obama's slam on Romney's wealth...
Pelley: 'Most Rancorous Debate In History'...
'Nauesating'...

Reporters Get Drunk at Debate...
LUNTZ GROUP: BIG SWING...

A Frank Luntz focus group made up mostly of former Obama voters say they now support Mitt Romney.
"Forceful, compassionate, presidential," one participant said.
"Confident and realistic," said another.
"Presidential," another told Luntz.
"Enthusiastic," another reacted.
"Our next president," one man said.
"Dynamo, winner," said one more.
"He's lied about everything. He lied to get elected in 2008, that's why I voted for him. I bought his bull. And he's lied about everything, he hasn't come through on anything. And he's been bullshitting the public," one member of the focus group said.

Farrakhan's Fiery New Warning to USA: 'Every Plague Written in Koran is Going to Come to Pass'... { farrakhan’s really only talking about (all plagues rolled into) one plague; viz., the plague of the nigger which is extant despoliation wherever the niggers are, in the worst sense! Yes, they are the other, more nefarious black plague! }

Violent crime rises sharply... ‘6:53PM EDT October 17. 2012 - WASHINGTON — The violent crime rate went up 17% last year, ending a general decline in violence that began nearly 20 years ago, according to a new federal survey of crime victims.The Justice Department's National Crime Victimization Survey also found an 11% increase in the rate of property crimes, including household burglaries and car theft.’ { Come on! Perenially understated, these understated crime numbers don’t even take into account ‘protected/unprosecuted’ wall street frauds/crimes in the trillions. And, how about those fed paper bucks that ‘fell off the fed trucks’ even just recently; kind of like those 360 tons of $100 bills ($12 billion) flown into Iraq that just ‘disappeared into thin air, etc.. }

Driver Doesn't Stop For 8 Blocks As Men ( two niggers ) Viciously Beat Woman On Public Bus...

Greece faces anti-austerity shutdown as EU meets...
'In depression'...

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm { Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm } You can tell a lot about a person by the jewelry that they wear and by the things that they carry around in their pockets, and Barack Obama's "lucky charms" include a Hindu god, a Masonic emblem and a "wedding ring" that has the phrase "there is no god except Allah" inscribed on it.  So what do these things tell us about Barack Obama? …’ , 1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

Dave’s Daily: http://www.etfdigest.com ‘JOBLESS CLAIMS SNAFU 10-11-12 You can almost hear Jack Welch’s “I told you so” after Thursday’s Jobless Claims data was released…’

Jack Welch: I Was Right About That Strange Jobs Report

WSJ | The 7.8% unemployment figure released by the BLS last week is downright implausible.

{ How pathetic, desperate, corrupt and dishonest is the wobama et als’ latest manipulation … 10-11-12 Kass: " Labor Dept said one large state didn’t report additional quarterly figures as expected, accounting for a substantial part of the decrease." }

http://ransquawk.com News Headline Summary

Several factors have been attributed to the lower than expected US initial jobless claims number, including the following:

- The US Labor market noted that one state accounted for the entire drop.
…

Al Peia (posted to Yahoo News) What large state? Nobody seems to care. That state's going to pay for the scam/fraud/corruption. What state?! 10-18-12 Eureka-The failed obama welfare state, banana republic California!

The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die

http://thetruthwins.com

http://albertpeia.com/allfornaught.htm

[ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

19 Numbers Which Prove That America Is Turning Away From Christianity

http://albertpeia.com/19numbersusturningfromchristianity.htm

Warnings That A Massive Stock Market Crash Is Imminent http://albertpeia.com/massivestockmarketcrashimminent.htm

MiND oF a KeYNeSiaN

http://albertpeia.com/catsareamazing.htm

American Media Drums Up Support for War … Again Posted by: George Washington Post date: 09/28/2012 - Israel Versus Iran: What’s REALLY Going On …Will Israel Blow Up Something and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and nobody else came. After all, israel will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good for israel is not so good for the rest of the world, and america particularly. Indeed, israeli agents were caught cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission accomplished? It was rather pathetic if not absurd to see netanayahoo talk about the ‘Iranian red line’ when israel’s past the red line many times over with their illegal nuke program and deployment of in excess of 200 illegal, undeclared nukes. }

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal http://albertpeia.com/psycopathssociopathsamericasocietalcollapse.htm , THE REAL CRASH IS DEAD AHEAD AS 2008 IS FORGOTTEN Paul B. Farrell MarketWatch http://albertpeia.com/realcrashdeadahead.htm

A Jobs Report Conspiracy?

http://albertpeia.com/jobreportcon.htm

{ Come on! People have to start calling a spade a spade! O’s just a typical incompetent, jive-talking b***s*** black! He is so pathetic and a total embarrassment! }

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

New Threats to Riot if Obama Loses Election... [ The threats alone are a reason sufficient for backing President Romney. If left unchecked, the nigger terrorists will be even further emboldened to their already egregious criminal, terroristic ways. No man, woman, or child will be safe if the lethal black cancer grows. The 4 years of O have been complete, utter failure and no amount of wobama b***s*** and nigger intimidation can change that fact! Quite simply, niggers are inherently criminal terrorists: Examples of what people are saying include the following;

“If obama dont get re-elected & romney wins .. on life every white persons getting pistol whipped and im startin a riot.” (SOURCE)

“If Obama don’t win lets start a riot so Romney know what he’s getting himself into.” (SOURCE)

“You know you ain’t shit if you gotta “MAKE” Mafukas vote for ROMNEY ! …. Mannnn OBAMA better get back in office . Or BLACK FOLKS will riot.” (SOURCE)

“If Romney wins im goin on a rampage.” (SOURCE)

“If Mitt Romney wins the election I think its our duties as Black folks to riot and fuck shit up.” (SOURCE)

“If every action IS met with an equal and opposite reaction ..what should workers do to employers if Romney’s elected? #Riot in the streets!!” (SOURCE)

“If Romney becomes president let’s all start a riot.” (SOURCE)

“I Heard Mitt Romney , Tryna Take Away Food Stamps , If He Do .”IMA START A RIOT , IMA START A RIOT.” (SOURCE)

“If romney wins, imma start a mf’n riot! Rns.” (SOURCE) ]

[ Will The Election Results Cause Massive Riots To Erupt All Over America?
http://theeconomiccollapseblog.com http://albertpeia.com/massiveriotsinamerica.htm { Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm } ]

Farrakhan warns forces trying 'to keep America white'... { Another nigger threat! }
CHICAGOLAND: For second time, grandmother learns a grandson is shot to death...
5 dead, 25 wounded over weekend... { Just another day in niggerland! }

Will The Election Results Cause Massive Riots To Erupt All Over America?

http://albertpeia.com/massiveriotsinamerica.htm

{ Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family

http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

{ Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

10-17-12 GALLUP: R 51% O 45%

DICK MORRIS: Romney won the second debate...
Threats to Assassinate Republican Romney Explode on TWITTER After Debate...

REPORT: White House contradicts president's statement on Benghazi terror attack...

Despite Pledge of Open Government, Obama Prosecuting Whistle-Blowers as Spies...

'When I Was President'... { Indeed, past tense for O and more than a Freudian slip as he heralds in new President Romney, writing on the wall though noit his teleprompter!
CAUGHT ON TAPE: Michelle O Broke Rules, Clapped During Debate...
'On Nov. 7, We're Going to Party Hard'...

U of Colorado Study: 77% likelihood Romney wins popular vote...

Record High Enrollment for Food Stamps: 46,681,833...

FOURNIER: Verdict Uncertain...
TREAT: Candy gives Obama 9% more time...
TRICK: Candy 'Throws the Flag'...
CANDYLAND: Romney was 'right in the main' on Benghazi, but 'picked the wrong word'...
Another debacle for America's media...
Reporters applaud Obama's slam on Romney's wealth...
Pelley: 'Most Rancorous Debate In History'...
'Nauesating'...

Reporters Get Drunk at Debate...
LUNTZ GROUP: BIG SWING...

A Frank Luntz focus group made up mostly of former Obama voters say they now support Mitt Romney.
"Forceful, compassionate, presidential," one participant said.
"Confident and realistic," said another.
"Presidential," another told Luntz.
"Enthusiastic," another reacted.
"Our next president," one man said.
"Dynamo, winner," said one more.
"He's lied about everything. He lied to get elected in 2008, that's why I voted for him. I bought his bull. And he's lied about everything, he hasn't come through on anything. And he's been bullshitting the public," one member of the focus group said.

Farrakhan's Fiery New Warning to USA: 'Every Plague Written in Koran is Going to Come to Pass'... { farrakhan’s really only talking about (all plagues rolled into) one plague; viz., the plague of the nigger which is extant despoliation wherever the niggers are, in the worst sense! Yes, they are the other, more nefarious black plague! }

Violent crime rises sharply... ‘6:53PM EDT October 17. 2012 - WASHINGTON — The violent crime rate went up 17% last year, ending a general decline in violence that began nearly 20 years ago, according to a new federal survey of crime victims.The Justice Department's National Crime Victimization Survey also found an 11% increase in the rate of property crimes, including household burglaries and car theft.’ { Come on! Perenially understated, these understated crime numbers don’t even take into account ‘protected/unprosecuted’ wall street frauds/crimes in the trillions. And, how about those fed paper bucks that ‘fell off the fed trucks’ even just recently; kind of like those 360 tons of $100 bills ($12 billion) flown into Iraq that just ‘disappeared into thin air, etc.. }

Driver Doesn't Stop For 8 Blocks As Men ( two niggers ) Viciously Beat Woman On Public Bus...

Greece faces anti-austerity shutdown as EU meets...
'In depression'...

The Last Days Of America? 25 Signs Of Extreme Social Decay http://albertpeia.com/lastdaysofamerica.htm , Waiting On November 6th http://albertpeia.com/waitingforgodoe.htm , Why Intel Better Not Be Economic Bellwether This Time Around ZeroHedge.com , Destroying The Myths Of Bernanke's Brave New World Of QEtc.

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm { Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm } You can tell a lot about a person by the jewelry that they wear and by the things that they carry around in their pockets, and Barack Obama's "lucky charms" include a Hindu god, a Masonic emblem and a "wedding ring" that has the phrase "there is no god except Allah" inscribed on it.  So what do these things tell us about Barack Obama? …’ , 1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

Dave’s Daily: http://www.etfdigest.com ‘JOBLESS CLAIMS SNAFU 10-11-12 You can almost hear Jack Welch’s “I told you so” after Thursday’s Jobless Claims data was released…’

Jack Welch: I Was Right About That Strange Jobs Report

WSJ | The 7.8% unemployment figure released by the BLS last week is downright implausible.

{ How pathetic, desperate, corrupt and dishonest is the wobama et als’ latest manipulation … 10-11-12 Kass: " Labor Dept said one large state didn’t report additional quarterly figures as expected, accounting for a substantial part of the decrease." }

http://ransquawk.com News Headline Summary

Several factors have been attributed to the lower than expected US initial jobless claims number, including the following:

- The US Labor market noted that one state accounted for the entire drop.
…

Al Peia (posted to Yahoo News) What large state? Nobody seems to care. That state's going to pay for the scam/fraud/corruption. What state?!

Confusion Reigns In Europe ,

Guest Post: The Future of America Is Japan: Stagnation

Global Food Reserves Have Reached Their Lowest Level In Almost 40 Years

http://albertpeia.com/globalfoodreservesdown.htm

There Is A Staggering Amount Of Feces In Our Food

http://albertpeia.com/americanfoodfeces.htm

China Continues To Boycott Treasurys As Japan Prepares To Become Largest Foreign Holder Of US Paper

The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die

http://thetruthwins.com

http://albertpeia.com/allfornaught.htm

[ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

19 Numbers Which Prove That America Is Turning Away From Christianity

http://albertpeia.com/19numbersusturningfromchristianity.htm

Warnings That A Massive Stock Market Crash Is Imminent http://albertpeia.com/massivestockmarketcrashimminent.htm

MiND oF a KeYNeSiaN

http://albertpeia.com/catsareamazing.htm

American Media Drums Up Support for War … Again Posted by: George Washington Post date: 09/28/2012 - Israel Versus Iran: What’s REALLY Going On …Will Israel Blow Up Something and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and nobody else came. After all, israel will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good for israel is not so good for the rest of the world, and america particularly. Indeed, israeli agents were caught cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission accomplished? It was rather pathetic if not absurd to see netanayahoo talk about the ‘Iranian red line’ when israel’s past the red line many times over with their illegal nuke program and deployment of in excess of 200 illegal, undeclared nukes. }

The Curious Case Of Debate-Day Stock Market Surges , Why A Balanced Budget Is Impossible In America , Why Intel Better Not Be Economic Bellwether This Time Around ZeroHedge.com ‘..the semiconductor manufacturer saw even more weakness in Q4..’ , 21 Signs That The Global Economic Crisis Is About To Go To A Whole New Level http://albertpeia.com/21signsglobaleconomiccrisisabouttogetmuchworse.htm

A Jobs Report Conspiracy?

http://albertpeia.com/jobreportcon.htm

{ Come on! People have to start calling a spade a spade! O’s just a typical incompetent, jive-talking b***s*** black! He is so pathetic and a total embarrassment! }

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

New Threats to Riot if Obama Loses Election... [ The threats alone are a reason sufficient for backing President Romney. If left unchecked, the nigger terrorists will be even further emboldened to their already egregious criminal, terroristic ways. No man, woman, or child will be safe if the lethal black cancer grows. The 4 years of O have been complete, utter failure and no amount of wobama b***s*** and nigger intimidation can change that fact! Quite simply, niggers are inherently criminal terrorists: Examples of what people are saying include the following;

“If obama dont get re-elected & romney wins .. on life every white persons getting pistol whipped and im startin a riot.” (SOURCE)

“If Obama don’t win lets start a riot so Romney know what he’s getting himself into.” (SOURCE)

“You know you ain’t shit if you gotta “MAKE” Mafukas vote for ROMNEY ! …. Mannnn OBAMA better get back in office . Or BLACK FOLKS will riot.” (SOURCE)

“If Romney wins im goin on a rampage.” (SOURCE)

“If Mitt Romney wins the election I think its our duties as Black folks to riot and fuck shit up.” (SOURCE)

“If every action IS met with an equal and opposite reaction ..what should workers do to employers if Romney’s elected? #Riot in the streets!!” (SOURCE)

“If Romney becomes president let’s all start a riot.” (SOURCE)

“I Heard Mitt Romney , Tryna Take Away Food Stamps , If He Do .”IMA START A RIOT , IMA START A RIOT.” (SOURCE)

“If romney wins, imma start a mf’n riot! Rns.” (SOURCE) ]

[ Will The Election Results Cause Massive Riots To Erupt All Over America?
http://theeconomiccollapseblog.com http://albertpeia.com/massiveriotsinamerica.htm { Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm } ]

Farrakhan warns forces trying 'to keep America white'... { Another nigger threat! }
CHICAGOLAND: For second time, grandmother learns a grandson is shot to death...
5 dead, 25 wounded over weekend... { Just another day in niggerland! }

Will The Election Results Cause Massive Riots To Erupt All Over America?

http://albertpeia.com/massiveriotsinamerica.htm

{ Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family

http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

{ Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

10-16-12 GALLUP: R 50% O 46%

Ross Perot endorses Romney...

GALLUP: WOMEN TURNING AWAY (from MO O)...
'Stunning He's ( obama) in Politics, Because He Really Doesn't Like People'...
TONIGHT'S DEBATE 'DO OR DIE' FOR OBAMA...
Questioners Face $4,492 Tax Increase Next Year...

BUCK STOPS WITH ME: HILLARY TAKES BLAME...
Pins confusion on 'fog of war'...
Hillary Clinton to Obama in 2008: 'The Buck Stops In The Oval Office'...

Dem Political Signs Scaring Away Customers in VA...

Camp O attacks GALLUP again...
Jesse Jackson Jr. Speaks: 'Not well'...
Thought he was 'reincarnated chariot driver'...

Battery maker with $249 million in taxpayer cash goes bankrupt...

CEO touted 'green jobs' in Rose Garden...

STATE DEPT: Negotiations to keep troops in Afghanistan past 2014...
FLASHBACK: Biden: 'We are leaving in 2014. Period'...

GOV'T STUDY CONFIRMS 'GAYDAR' EXISTS, 60% ACCURATE... http://albertpeia.com/governmentwaste.htm
Coburn calls Senate cohorts biggest waste in government...

GALLUP: WOMEN TURNING AWAY { A new USA TODAY/Gallup Poll of the Swing States shows Mitt Romney with a lead among likely voters as he strengthens his standing with women in the nation's top battlegrounds. }

21 Signs That The Global Economic Crisis Is About To Go To A Whole New Level http://albertpeia.com/21signsglobaleconomiccrisisabouttogetmuchworse.htm , Greece Is Not Poor - It Actually Has Massive Uptapped Reserves Of Gold, Oil And Natural Gas http://albertpeia.com/greeceyuntappedwealth.htm

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm { Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm } You can tell a lot about a person by the jewelry that they wear and by the things that they carry around in their pockets, and Barack Obama's "lucky charms" include a Hindu god, a Masonic emblem and a "wedding ring" that has the phrase "there is no god except Allah" inscribed on it.  So what do these things tell us about Barack Obama? …’ , 1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

Dave’s Daily: http://www.etfdigest.com ‘JOBLESS CLAIMS SNAFU 10-11-12 You can almost hear Jack Welch’s “I told you so” after Thursday’s Jobless Claims data was released…’

Jack Welch: I Was Right About That Strange Jobs Report

WSJ | The 7.8% unemployment figure released by the BLS last week is downright implausible.

{ How pathetic, desperate, corrupt and dishonest is the wobama et als’ latest manipulation … 10-11-12 Kass: " Labor Dept said one large state didn’t report additional quarterly figures as expected, accounting for a substantial part of the decrease." }

http://ransquawk.com News Headline Summary

Several factors have been attributed to the lower than expected US initial jobless claims number, including the following:

- The US Labor market noted that one state accounted for the entire drop.
…

Al Peia (posted to Yahoo News) What large state? Nobody seems to care. That state's going to pay for the scam/fraud/corruption. What state?!

The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die

http://thetruthwins.com

http://albertpeia.com/allfornaught.htm

[ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

19 Numbers Which Prove That America Is Turning Away From Christianity

http://albertpeia.com/19numbersusturningfromchristianity.htm

Warnings That A Massive Stock Market Crash Is Imminent http://albertpeia.com/massivestockmarketcrashimminent.htm

MiND oF a KeYNeSiaN

http://albertpeia.com/catsareamazing.htm

American Media Drums Up Support for War … Again Posted by: George Washington Post date: 09/28/2012 - Israel Versus Iran: What’s REALLY Going On …Will Israel Blow Up Something and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and nobody else came. After all, israel will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good for israel is not so good for the rest of the world, and america particularly. Indeed, israeli agents were caught cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission accomplished? It was rather pathetic if not absurd to see netanayahoo talk about the ‘Iranian red line’ when israel’s past the red line many times over with their illegal nuke program and deployment of in excess of 200 illegal, undeclared nukes. }

US CEOs Opine On America's Debt And The Fiscal Cliff , NYSE Short Interest Drops To 5 Month Low { Though somewhat counter-intuitive, this is actually a bearish indicator. }

A Jobs Report Conspiracy?

http://albertpeia.com/jobreportcon.htm

{ Come on! People have to start calling a spade a spade! O’s just a typical incompetent, jive-talking b***s*** black! He is so pathetic and a total embarrassment! }

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

21 Signs That The Global Economic Crisis Is About To Go To A Whole New Level

http://theeconomiccollapseblog.com

http://albertpeia.com/21signsglobaleconomiccrisisabouttogetmuchworse.htm

‘The global debt crisis has reached a dangerous new phase.  Unfortunately, most Americans are not taking notice of it yet because most of the action is taking place overseas, and because U.S. financial markets are riding high.  But just because the global economic crisis is unfolding at the pace of a "slow-motion train wreck" right now does not mean that it isn't incredibly dangerous.  As I have written about previously, the economic collapse is not going to be a single event.  Yes, there will be days when the Dow drops by more than 500 points.  Yes, there will be days when the reporters on CNBC appear to be hyperventilating.  But mostly there will be days of quiet despair as the global economic system slides even further toward oblivion.  And right now things are clearly getting worse.  Things in Greece are much worse than they were six months ago.  Things in Spain are much worse than they were six months ago.  The same thing could be said for Italy, France, Japan, Argentina and a whole bunch of other nations.  The entire global economy is slowing down, and we are entering a time period that is going to be incredibly painful for everyone.  At the moment, the U.S. is still experiencing a "sugar high" from unprecedented fiscal and monetary stimulus, but when that "sugar high" wears off the hangover will be excruciating.  Reckless borrowing, spending and money printing has bought us a brief period of "economic stability", but our foolish financial decisions will also make our eventual collapse far worse than it might have been.  So don't think for a second that the U.S. will somehow escape the coming global economic crisis.  The truth is that before this is all over we will be seen as one of the primary causes of the crisis.

The following are 21 signs that the global economic crisis is about to go to a whole new level....

· #1 Bank of Israel Governor Stanley Fischer says that the global economy is "awfully close" to recession.

· #2 It was announced last week that the unemployment rate in Greece has reached an all-time high of 25.1 percent.  Unemployment among those 24 years old or younger is now more than 54 percent.  Back in April 2010, the unemployment rate in Greece was only sitting at 11.8 percent.

#3 to #21

Greece Is Not Poor - It Actually Has Massive Uptapped Reserves Of Gold, Oil And Natural Gas

http://theeconomiccollapseblog.com

http://albertpeia.com/greeceyuntappedwealth.htm

Will The Election Results Cause Massive Riots To Erupt All Over America?

http://theeconomiccollapseblog.com

http://albertpeia.com/massiveriotsinamerica.htm

{ Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family

http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

{ Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

10-15-12 GALLUP: WOMEN TURNING AWAY { A new USA TODAY/Gallup Poll of the Swing States shows Mitt Romney with a lead among likely voters as he strengthens his standing with women in the nation's top battlegrounds. }

New Threats to Riot if Obama Loses Election... [ The threats alone are a reason sufficient for backing President Romney. If left unchecked, the nigger terrorists will be even further emboldened to their already egregious criminal, terroristic ways. No man, woman, or child will be safe if the lethal black cancer grows. The 4 years of O have been complete, utter failure and no amount of wobama b***s*** and nigger intimidation can change that fact! Quite simply, niggers are inherently criminal terrorists: Examples of what people are saying include the following;

“If obama dont get re-elected & romney wins .. on life every white persons getting pistol whipped and im startin a riot.” (SOURCE)

“If Obama don’t win lets start a riot so Romney know what he’s getting himself into.” (SOURCE)

“You know you ain’t shit if you gotta “MAKE” Mafukas vote for ROMNEY ! …. Mannnn OBAMA better get back in office . Or BLACK FOLKS will riot.” (SOURCE)

“If Romney wins im goin on a rampage.” (SOURCE)

“If Mitt Romney wins the election I think its our duties as Black folks to riot and fuck shit up.” (SOURCE)

“If every action IS met with an equal and opposite reaction ..what should workers do to employers if Romney’s elected? #Riot in the streets!!” (SOURCE)

“If Romney becomes president let’s all start a riot.” (SOURCE)

“I Heard Mitt Romney , Tryna Take Away Food Stamps , If He Do .”IMA START A RIOT , IMA START A RIOT.” (SOURCE)

“If romney wins, imma start a mf’n riot! Rns.” (SOURCE) ]

[ Will The Election Results Cause Massive Riots To Erupt All Over America?
http://theeconomiccollapseblog.com http://albertpeia.com/massiveriotsinamerica.htm { Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm } ]

Farrakhan warns forces trying 'to keep America white'... { Another nigger threat! }
CHICAGOLAND: For second time, grandmother learns a grandson is shot to death...
5 dead, 25 wounded over weekend... { Just another day in niggerland! }

Catholic Bishops Slam Biden Remarks...
REPORT: GM has lost $6.5 billion overseas since bailout...

Pelosi claims she read entire 2700 page Obamacare bill... { Riiiiight! And, just as Woody Allen quipped about having read War and Peace at (Evelyn Wood?) break-neck speed-reading pace, ‘it was about Russia’, so too can incompetent flake, not-too-bright pelosi say, it was about healthcare. }

Arlen Specter dies... { I’m glad he’s dead! He was a truly corrupt kike, going all the way back to the warren (fiction) commission to the present. He’s helped cause a lot of damage to this country! }

Shot Fired Through Window at Obama Campaign Office in Denver...
Will The Election Results Cause Riots?
WIRE: Do black people support Obama because he's black? { Do bears s**t in the woods? Is the Pope Catholic? Come on! Everybody knows that’s the case; and, surprisingly, those self-destructive losers who are white et als supporters of obama, in light of obama’s demonstrated 4 years of failure, must be doing so this time around for no other reason as well. How totally tragic and pathetic at once! }
Presidency 'has not helped cause'...
VIDEO: Dems joke they'll get enough votes to win -- even a couple of days late!

CAMPAIGN FREAKOUT!
OBAMA LOCK UNDER 10 STATES
As Election Day nears, Romney crowds are surging...

Geithner defends (indefensible) O as deficit again tops $1 trillion...

China's yuan hits record high against dollar...
BIG BANK SCORES RECORD PROFIT!
Fed Money Pumped It Up...
WYNN: My Employees 'Filled With Anxieties These Days'...
'Every Business Guy I Know Is Frightened Of Barack Obama'...
Biden claims he voted AGAINST two wars he voted FOR...

Dave’s Daily: http://www.etfdigest.com ‘OCTOBER DATA REMAINS QUESTIONED 10-12-12 It’s hard to accept a lot of the data being released lately. Once trust in the data is lost investors will sour on releases for a longer period than you might expect. This began last week Friday with the release of the employment report. Yes, Jack Welch jumped on it as not credible and political. He was dismissed as an old crank. But the data still remained counterintuitive to most. Then came Jobless Claims Thursday recklessly released by the Bureau of Labor Statistics (BLS) when it was incomplete.

Bear market may begin Tuesday { We are in a secular bear market (foolishly) obfuscated by fiat paper currency creation/printing! } , Did Bernanke Bluff About QE3? http://albertpeia.com/bernankebluff.htm

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm { Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

Bear market may begin Tuesday { We are in a secular bear market (foolishly) obfuscated by fiat paper currency creation/printing! } , Did Bernanke Bluff About QE3? http://albertpeia.com/bernankebluff.htm

Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm } You can tell a lot about a person by the jewelry that they wear and by the things that they carry around in their pockets, and Barack Obama's "lucky charms" include a Hindu god, a Masonic emblem and a "wedding ring" that has the phrase "there is no god except Allah" inscribed on it.  So what do these things tell us about Barack Obama? …’ , 1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

Dave’s Daily: http://www.etfdigest.com ‘JOBLESS CLAIMS SNAFU 10-11-12 You can almost hear Jack Welch’s “I told you so” after Thursday’s Jobless Claims data was released…’

Jack Welch: I Was Right About That Strange Jobs Report

WSJ | The 7.8% unemployment figure released by the BLS last week is downright implausible.

{ How pathetic, desperate, corrupt and dishonest is the wobama et als’ latest manipulation … 10-11-12 Kass: " Labor Dept said one large state didn’t report additional quarterly figures as expected, accounting for a substantial part of the decrease." }

http://ransquawk.com News Headline Summary

Several factors have been attributed to the lower than expected US initial jobless claims number, including the following:

- The US Labor market noted that one state accounted for the entire drop.
- It is the first week of the quarter which historically adds volatility, especially with expectations of a seasonal adjustment.
- Extended benefits rose (+13,802) in the latest week due to the state of NY returning to the program starting Sept 9th.

Update details:

- Although initial upside was seen in US stock futures, most of the move has since been pared as attention paid to these factors.

Al Peia  •  20 mins ago (posted to Yahoo News) What large state? Nobody seems to care. That state's going to pay for the scam/fraud/corruption. What state?!

The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die

http://thetruthwins.com

http://albertpeia.com/allfornaught.htm

[ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

19 Numbers Which Prove That America Is Turning Away From Christianity

http://albertpeia.com/19numbersusturningfromchristianity.htm

Warnings That A Massive Stock Market Crash Is Imminent http://albertpeia.com/massivestockmarketcrashimminent.htm

MiND oF a KeYNeSiaN

http://albertpeia.com/catsareamazing.htm

American Media Drums Up Support for War … Again Posted by: George Washington Post date: 09/28/2012 - Israel Versus Iran: What’s REALLY Going On …Will Israel Blow Up Something and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and nobody else came. After all, israel will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good for israel is not so good for the rest of the world, and america particularly. Indeed, israeli agents were caught cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission accomplished? It was rather pathetic if not absurd to see netanayahoo talk about the ‘Iranian red line’ when israel’s past the red line many times over with their illegal nuke program and deployment of in excess of 200 illegal, undeclared nukes. }

A Jobs Report Conspiracy?

http://albertpeia.com/jobreportcon.htm

{ Come on! People have to start calling a spade a spade! O’s just a typical incompetent, jive-talking b***s*** black! He is so pathetic and a total embarrassment! }

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die

http://thetruthwins.com

http://albertpeia.com/allfornaught.htm

[ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

Will The Election Results Cause Massive Riots To Erupt All Over America?

http://theeconomiccollapseblog.com

http://albertpeia.com/massiveriotsinamerica.htm

{ Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family

http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

{ Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

10-12-12 CAMPAIGN FREAKOUT!
OBAMA LOCK UNDER 10 STATES
As Election Day nears, Romney crowds are surging...

Geithner defends (indefensible) O as deficit again tops $1 trillion...

China's yuan hits record high against dollar...
BIG BANK SCORES RECORD PROFIT!
Fed Money Pumped It Up...
WYNN: My Employees 'Filled With Anxieties These Days'...
'Every Business Guy I Know Is Frightened Of Barack Obama'...
Biden claims he voted AGAINST two wars he voted FOR...
REPORT: 'Fast and Furious' Whistleblower Fired in DENNY's Parking Lot...
PAPER: Feds now probing suspicious activity in Rep. Jesse Jackson Jr. finances...

UPDATE: Hezbollah drone may have been sent to monitor Israel's nuclear facility...
Shot Fired Through Window at Obama Campaign Office in Denver...
Will The Election Results Cause Massive Riots To Erupt All Over America?
http://theeconomiccollapseblog.com http://albertpeia.com/massiveriotsinamerica.htm { Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence! http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

Former Aide to Armstrong Talks of Doping... [ ‘…In short order, however, it became clear to Ms. O’Reilly that her tasks with the team would hardly be limited to kneading leg muscles and doing laundry. In an interview this week, Ms. O’Reilly said she became a regular player in the team’s doping program, one that investigators have charged took on its most sinister and far-reaching dimensions with the arrival of Lance Armstrong in 1998. Ms. O’Reilly, then not yet 30, said she wound up transporting doping material across borders, disposing of drugs and syringes when the authorities were lurking, and distributing performance-enhancing substances to the team’s riders whenever they needed them…’ ] Teammates turn on Armstrong... 26 testify... { So much for the atheist armstrong; what a total fraud! Kind of like that other armstrong american fraud; the late, but not great, moony armstrong! }

FLORIDA: R 51% 0 44%...
Biden, Ryan at each other on everything...
TENSE...
CNN POLL: R 48% B 44%...
Chris Wallace: I've never seen a candidate as disrespectful as Biden...
Borger: Came Off As Condescending...
Hume: 'Cranky Old Man'...
Noonan: 'The old man pushed, and the kid pushed back'...
Biden Interrupted Ryan 82 Times?
RNC AD: THE LAUGHTER...
REALCLEAR MAP SHOWS SHIFT...
OOPS: 'One large state didn't report some quarterly figures'...
SURPRISE: Jobless claims plunge...
Officials don't ID mystery state...
Biden contradicts State Department on Benghazi security...
Romney meets with Rev. Billy Graham...
'I'll do all I can to help you'...
Hungarian-born billionaire buys airtime to warn against socialism...
Carlos Slim, World's Richest Man, Gets Richer Supplying 'Obamaphones' To Poor...

Dave’s Daily: http://www.etfdigest.com ‘JOBLESS CLAIMS SNAFU 10-11-12 You can almost hear Jack Welch’s “I told you so” after Thursday’s Jobless Claims data was released. The data (339K vs 370K expected & prior, as usual, revised higher to 369K from 370K) was later explained by the BLS as a problem with “one large state didn’t report additional quarterly figures as expected, accounting for a substantial part of the decrease”. Well that will do it., Marketwatch: Florida poll shows Romney leading Obama by 7 points , FOX: Stocks: More decay is on the way In times like these, a medium-term speculator's prey is usually found in the more-speculative climes of the market, i.e. Nasdaq titles. , Poll: Romney leads Obama in Florida by 7 points

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm { Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm } You can tell a lot about a person by the jewelry that they wear and by the things that they carry around in their pockets, and Barack Obama's "lucky charms" include a Hindu god, a Masonic emblem and a "wedding ring" that has the phrase "there is no god except Allah" inscribed on it.  So what do these things tell us about Barack Obama? …’ , 1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

Dave’s Daily: http://www.etfdigest.com ‘JOBLESS CLAIMS SNAFU 10-11-12 You can almost hear Jack Welch’s “I told you so” after Thursday’s Jobless Claims data was released…’

Jack Welch: I Was Right About That Strange Jobs Report

WSJ | The 7.8% unemployment figure released by the BLS last week is downright implausible.

{ How pathetic, desperate, corrupt and dishonest is the wobama et als’ latest manipulation … 10-11-12 Kass: " Labor Dept said one large state didn’t report additional quarterly figures as expected, accounting for a substantial part of the decrease." }

http://ransquawk.com News Headline Summary

Several factors have been attributed to the lower than expected US initial jobless claims number, including the following:

- The US Labor market noted that one state accounted for the entire drop.
- It is the first week of the quarter which historically adds volatility, especially with expectations of a seasonal adjustment.
- Extended benefits rose (+13,802) in the latest week due to the state of NY returning to the program starting Sept 9th.

Update details:

- Although initial upside was seen in US stock futures, most of the move has since been pared as attention paid to these factors.

Al Peia  •  20 mins ago (posted to Yahoo News) What large state? Nobody seems to care. That state's going to pay for the scam/fraud/corruption. What state?!

19 Numbers Which Prove That America Is Turning Away From Christianity

http://albertpeia.com/19numbersusturningfromchristianity.htm

Warnings That A Massive Stock Market Crash Is Imminent http://albertpeia.com/massivestockmarketcrashimminent.htm

MiND oF a KeYNeSiaN

http://albertpeia.com/catsareamazing.htm

American Media Drums Up Support for War … Again Posted by: George Washington Post date: 09/28/2012 - Israel Versus Iran: What’s REALLY Going On …Will Israel Blow Up Something and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and nobody else came. After all, israel will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good for israel is not so good for the rest of the world, and america particularly. Indeed, israeli agents were caught cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission accomplished? It was rather pathetic if not absurd to see netanayahoo talk about the ‘Iranian red line’ when israel’s past the red line many times over with their illegal nuke program and deployment of in excess of 200 illegal, undeclared nukes. }

A Jobs Report Conspiracy?

http://albertpeia.com/jobreportcon.htm

{ Come on! People have to start calling a spade a spade! O’s just a typical incompetent, jive-talking b***s*** black! He is so pathetic and a total embarrassment! }

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

Will The Election Results Cause Massive Riots To Erupt All Over America?

http://theeconomiccollapseblog.com

http://albertpeia.com/massiveriotsinamerica.htm

{ Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

…

The election is nearly four weeks away, and many Obama supporters are already threatening to riot if Obama loses.  The following are some very disturbing messages that were posted on Twitter recently that have been reposted on Twitchy.com....

"If Romney wins I'm Starting a Riot....Who's WIT ME???"

"I Hope The USA Is Well Aware That If In The Event This Character Romney Wins The Election, The People Will Start A Country Wide Riot! #Power"

"If Romney is elected president, its gon be a riot its gon be a riot."

"If ROMNEY GETS IN THE WHITE HOUSE ...U MIGHT AS WELL KILL ME NOW .....CAUSE ITS GONNA BE A ************ RIOT !!!"

"If Romney became President and took away welfare Downtown Cincinnati would become a riot"

"If Romney takes away food stamps 2 Chainzz in this bit IMMA START A RIOT"

"If Romney wins. (which i highly doubt) THERE WILL BE A RIOT—"

The following are a few more tweets that I found which threaten a potential riot if Obama loses the election....

From @joecools_world....

"Need 2 come up wit a game plan if Romney win.... Riot all thru Newark"

From @killacate....

"I swear on everything I love if Romney wins ima riot. I don't even care if its just me."

Romney supporters are not really threatening to riot, but many of them are proclaiming that they may leave the country if Obama wins.  Here are some examples....

From @BrentskiTheBoss....

"If Obama gets reelected I may leave the country"

From @AbbieFickes....

"im sorry but if obama were to win again, i might as well leave the country and live in zimbabwe" … ( Do us all a favor … go and take your black bros/sisses with you! )

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family

http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

{ Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

10-11-12 FLORIDA: R 51% 0 44%...
Biden, Ryan at each other on everything...
TENSE...
CNN POLL: R 48% B 44%...
Chris Wallace: I've never seen a candidate as disrespectful as Biden...
Borger: Came Off As Condescending...
Hume: 'Cranky Old Man'...
Noonan: 'The old man pushed, and the kid pushed back'...
Biden Interrupted Ryan 82 Times?
RNC AD: THE LAUGHTER...
REALCLEAR MAP SHOWS SHIFT...
OOPS: 'One large state didn't report some quarterly figures'...
SURPRISE: Jobless claims plunge...
Officials don't ID mystery state...
Biden contradicts State Department on Benghazi security...
Romney meets with Rev. Billy Graham...
'I'll do all I can to help you'...
Hungarian-born billionaire buys airtime to warn against socialism...
Carlos Slim, World's Richest Man, Gets Richer Supplying 'Obamaphones' To Poor...

UNSUSTAINABLE http://albertpeia.com/unsustainable.htm   , Marketwatch: Euro erases gains after Spain downgraded S&P cuts Spain's rating to one notch above junk , FOX: Playing games with pensions Public pensions are severely underfunded, threatening the retirements of government workers and taxpayer wallets

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm { Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm } You can tell a lot about a person by the jewelry that they wear and by the things that they carry around in their pockets, and Barack Obama's "lucky charms" include a Hindu god, a Masonic emblem and a "wedding ring" that has the phrase "there is no god except Allah" inscribed on it.  So what do these things tell us about Barack Obama? …’ ,

Food Inflation To Surge, Goldman Warns ZeroHedge.com

Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm } You can tell a lot about a person by the jewelry that they wear and by the things that they carry around in their pockets, and Barack Obama's "lucky charms" include a Hindu god, a Masonic emblem and a "wedding ring" that has the phrase "there is no god except Allah" inscribed on it.  So what do these things tell us about Barack Obama? …’ ,

Jack Welch: I Was Right About That Strange Jobs Report

WSJ | The 7.8% unemployment figure released by the BLS last week is downright implausible.

Goldman Sachs ‘in bid to change’ Volcker rule

AFP | Goldman Sachs is seeking changes to the Volcker rule, which keeps banks from speculative trades in their own accounts.

Selling your own books, electronics and even furniture will soon be illegal if the Supreme Court says so

19 Numbers Which Prove That America Is Turning Away From Christianity

http://albertpeia.com/19numbersusturningfromchristianity.htm

Warnings That A Massive Stock Market Crash Is Imminent http://albertpeia.com/massivestockmarketcrashimminent.htm

MiND oF a KeYNeSiaN

http://albertpeia.com/catsareamazing.htm

American Media Drums Up Support for War … Again Posted by: George Washington Post date: 09/28/2012 - Israel Versus Iran: What’s REALLY Going On …Will Israel Blow Up Something and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and nobody else came. After all, israel will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good for israel is not so good for the rest of the world, and america particularly. Indeed, israeli agents were caught cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission accomplished? It was rather pathetic if not absurd to see netanayahoo talk about the ‘Iranian red line’ when israel’s past the red line many times over with their illegal nuke program and deployment of in excess of 200 illegal, undeclared nukes. }

A Jobs Report Conspiracy?

http://albertpeia.com/jobreportcon.htm

{ Come on! People have to start calling a spade a spade! O’s just a typical incompetent, jive-talking b***s*** black! He is so pathetic and a total embarrassment! }

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

UNSUSTAINABLE

http://albertpeia.com/unsustainable.htm

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family

http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

{ Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

10-10-12 R 49% O 44%
CAN HE GET THEM BACK?
10-11-12: Ryan prepares to take on Biden...
70 million watched VP debate in '08...
Commission dismisses Raddatz-Obama connection...
Conflict of interest?
Obama Defends Debate Performance: 'I Was Just Too Choomed Out, Nothing to Say'...
Campaign tries to quell panic...
Dems frustrated by 'Big Bird' turn...
Unions struggle to help...
Jack Welch: I Was Right About That Strange Jobs Report...
Ohio Obama Rally Features Rap Rendition of 'Sesame Street' Theme Song...
ROMNEY: 'You have to scratch your head when president spends week talking about 'Big Bird''... { Indeed! But, don’t scratch too hard; after all, what else can he talk about? He can’t talk about his record of unequivocal failure. He can’t talk about broken campaign promises (that would take ages). And, he can’t talk about solutions to the nation’s problems … because he has none which he has proven in 4 wasted, failed years. Moreover, wobama’s absolutely clueless as to what to do to solve the nation’s substantial problems, some caused/exacerbated by his own incompetence and failure. }
Mother of Slain State Dept. Official Tired of Being Lied To and Stonewalled by Obama Administration...
Spain Downgraded to One Level Above Junk...
PAGLIA: FORGET OBAMA, I'M GOING GREEN PARTY...
REPORT: 'Most sophisticated, professionalized and successful doping program that sport has ever seen'...
Teammates turn on Armstrong...
26 testify... { So much for the atheist armstrong; what a total fraud! Kind of like that other armstrong american fraud; the late, but not great, moony armstrong! }
CEO explains memo threatening layoffs if Obama re-elected...
FEDEX to cut thousands from workforce...
FACEBOOK Fought SEC to Keep Mobile Risks Hidden Before IPO Crash...
STATE DEPT SPINS NEW TALE ON BENGHAZI ATTACK...

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm { Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

28 Good Questions That The Mainstream Media Should Be Asking http://albertpeia.com/28questionsmainstreammediashouldbeasking.htm , S&P: Q3 downgrades far outpace upgrades Marketwatch , Wall Street should shrink , pay smaller bonuses Marketwatch , U.S. stocks finish lower on earnings anxiety, IMF Marketwatch , Uncle Sam Prepares To Unleash Up To 30,000 Drones Over America For "Public Safety" Zerohedge.com , The ECB-Driven Toxic Debt Loop At The Heart Of Europe's Misery , Guest Post: The Unstimulus

Bill Gross' Advice To Asset Managers: "Turn Lead To Gold" At least he did not say Tungsten...Gross: Stock and bond managers today must be alchemists: turn lead into gold. NOT likely. Too much lead (bubbled assets). , Charts Of The Day: 111 Years Of Federal Tax And Spending , Everything You Need To Know About Resolving The Fiscal Cliff But Were Afraid To Ask , Global Growth Reality Hits As Cummins Cuts Guidance And 1500 Jobs , Jack Welch Terminates Contract With Reuters, Fortune In Aftermath Of Infamous Tweet , Guest Post: NFIB - Small Businesses Don't Agree With BLS Since the release of the most recent BLS Employment Situation Report, which showed an astounding drop in the unemployment rate, we have spent a good bit of time dissecting the release and discussing why the real unemployment rate is really between 17% and 22%

Mysterious Algorithm Was 4% of Trading Activity Last Week

Goldman Issues Strong Sell On Obama As Firm Refuses To Vote With Its Wallet

From Zero Interest Rate To Zero Retirement: How The Fed Doomed Elderly Americans To Endless Work

IMF warns global economic slowdown deepens, prods U.S., Europe

A Second Greek Man On ‘The Lagarde List’ Has Been Found Dead

Medicaid Fraud in the Billions

19 Numbers Which Prove That America Is Turning Away From Christianity

http://albertpeia.com/19numbersusturningfromchristianity.htm

Warnings That A Massive Stock Market Crash Is Imminent http://albertpeia.com/massivestockmarketcrashimminent.htm

MiND oF a KeYNeSiaN

http://albertpeia.com/catsareamazing.htm

American Media Drums Up Support for War … Again Posted by: George Washington Post date: 09/28/2012 - Israel Versus Iran: What’s REALLY Going On …Will Israel Blow Up Something and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and nobody else came. After all, israel will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good for israel is not so good for the rest of the world, and america particularly. Indeed, israeli agents were caught cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission accomplished? It was rather pathetic if not absurd to see netanayahoo talk about the ‘Iranian red line’ when israel’s past the red line many times over with their illegal nuke program and deployment of in excess of 200 illegal, undeclared nukes. }

28 Good Questions That The Mainstream Media Should Be Asking

http://albertpeia.com/28questionsmainstreammediashouldbeasking.htm

A Jobs Report Conspiracy?

http://albertpeia.com/jobreportcon.htm

{ Come on! People have to start calling a spade a spade! O’s just a typical incompetent, jive-talking b***s*** black! He is so pathetic and a total embarrassment! }

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

10-9-12 POLL: Romney leads in 11 swing states...
Takes lead in OH...
PA, WI, MI close...
Biden Has Not Sat for On-Camera Nation TV Interview in 5 Months...
CEO Threatens to Fire Employees If President Is Reelected, Raises Taxes...
Chain Cuts Workers' Hours over Obamacare...
Steve Wynn Slams Obama: 'I'll Be Damned If I Want To Have Him Lecture Me'...
Ohio Obama Rally Features Rap Rendition of 'Sesame Street' Theme Song...
ROMNEY: 'You have to scratch your head when president spends week talking about saving 'Big Bird''...
PANIC: Romney signs in VA defaced, stolen and smeared with excrement...
VIDEO...**WARNING: GRAPHIC LANGUAGE**

GALLUP: 5-POINT ROMNEY BOUNCE...
PEW: 18-point shift among women...
POLL: Romney leads among independents 51-35...
'Enthusiasm' gap 13-point spread for Republican...
R closes gap in Michigan...
R 49% O 47%
University of Colorado: Updated election forecasting model still points to Romney win...
PAPER: Why Obama's campaign is falling apart...
SULLIVAN: SOS OBAMA
VEGAS REVIEW JOURNAL ENDORSES ROMNEY...
Romney casts Obama's foreign policy as weak, dangerous...
MILITARY TIMES POLL: R 66% O 26%...
BOUNCE: R 49% O 47%
8-point shift for Romney in Colorado...
Romney raises $12 million in 48 hours...
OBAMA RAISES $181 MILLION IN SEPT -- JUST 2% OF DONATIONS REPORTABLE...
Super PAC Donor on Obama: 'Looks Like He Took My Million and Spent it All on Weed'...
TEAM OBAMA BLAMES JOHN KERRY FOR DEBATE LOSS...
Man Tells Obama: Business 'Terrible Since You Got Here'...
NH voter: ‘O Couldn't run a lemonade stand'...
SNOOP DOGG TWEETS 10 REASONS NOT TO VOTE FOR ROMNEY...
'He a white n****'...
'Bitch I will beat the sh** out of you'...
Police Union Warns 'War-Like' (nigger-town) Detroit Unsafe For Visitors...
Hands Out Flyers: 'ENTER AT YOUR OWN RISK'...
GAS PRICES SET RECORD IN CA
Filling stations across state run out, shut down...
'What are they doing to us?'
Obama fundraiser with Katy Perry to snarl traffic...
REPORT: Intelligence officials accuse administration of 'cover-up' in Libya...
WHITE HOUSE POINTS FINGERS...
Email Shows State Dept. Rejecting Request of Security Team at Embassy...
34 security personnel pulled in 6 months before attack...
Boy writes letter to editor after shelter kills cat...
'Grown-ups killed my kitty'... To the editor: My name is Rayden. I am 8 years old and I live in Logan. Yesterday grown-ups killed my kitty, my best friend, when they weren’t supposed to. Because I really don’t know how to write, my PaPa is writing down the things I think and say. My kitty’s name is Toothless. When I got him I had just seen “How to Train a Dragon” at the movies. My kitty looked just like the dragon Toothless with big green eyes and the hair around his head. Toothless, my cat, has long fluffy hair and sleeps on my bed and loved to play with my brother and me. Toothless would let us carry him around all the time. He was our best friend. Last week he didn’t come in at night. Sometimes he does that, but this time he didn’t come back. After two days my little brother Devin, who is 5, and I went to every house on our street and asked everyone if they had seen Toothless our cat. Everyone said no. We were worried and scared something was wrong. On Wednesday after work my dad went to the animal shelter as it was closing. They didn’t want to let him in, but they did. He asked if there was a cat with long black fluffy hair there. They let my dad in to look at the cages, and there was Toothless! He was curled up laying in the back of the cage very scared. When my dad made his funny meow sound that he does to make him come home, Toothless jumped up and came to the screen and rubbed up against it and was so happy to see my dad, and he wasn’t scared anymore. My dad wanted to take him home, but they said he had to go to another office building and pay a fee. The lady at the shelter said it would be OK and told him to come back the next day and we could get Toothless. When my dad came home and told my little brother and me he found Toothless we were so happy and we weren’t scarred or worried anymore. My dad went back the next day to get our kitty and they told him they didn’t have any long-haired black cats. They only had a white fluffy cat. My dad waited a long time for the lady to come back and talk to him. The same lady that told my dad to come back the next day said she was sorry. She had forgotten to leave a note to tell the people my dad would be there for Toothless and they had just killed my cat that morning. She had just forgotten to write a note to save a member of my family. They killed him and I don’t know why. My dad found out where he had been picked up and it was our neighbors down the street that don’t like cats and dogs. They had caught him in a trap and gave him to the police to take him away. When Devin and I knocked on their door and asked if they had seen Toothless they told us no, and that was a lie. My dad and mom tell me and Devin not to lie and that is right. I didn’t think big people lied because they are grown ups and know what is right. Now I don’t know what to do. My cat Toothless is dead; the people that killed him didn’t even give him to my dad so we could bury him. What do I do now? Rayden Sazama Logan Editor’s note: Cache Humane Society Director Brenda Smith confirmed Rayden’s story that an animal shelter worker forgot to leave a note to halt euthanization of the Sazamas cat. { The shelter/city should be sued and the employees involved should be fired for cause! }

BOUNCE IN POLLS:
R PULLS AHEAD IN VA...
R +3 IN FL...
R +3 IN OH among those 'certain' to vote...
REALLY! 7.8%
Total employment 'highest one-month jump in 29 years'...
Welch: President manipulating numbers after debate performance...
BLS economists donate to Obama campaign?
Rate Plummets to 4.3% -- For Govt Workers...
Report met with suspicion...
ROMNEY: Rate more like 11%...
OBAMA: Can't turn back now...
SEPT. EMPLOYMENT: +114,000...
Aug. number revised to +142,000 -- from +96,000...
Welch: Obama manipulating numbers after debate performance... { There are some people (and their assessments) that you might dismiss as light-weight partisans… Jack Welch is not one of them! Indeed, among the rarest breed historically of exceptional american CEO’s, Welch points to the folly of preposterously a month before elections, on paltry/pathetic jobs numbers ( election year temp/part-time for manipulating stats along with the nebulous ‘stopped looking’ fudge factor) , following a disasterous debate showing (of wobama failure and incompetence), the unemployment rate falls to just below the ‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is tantamount to the obama 100% employment fantasy where literally everyone but him has stopped looking for work and hence, not counted in compiling the unemployment rate (and then those jobs in the millions lost and gone forever on his watch - what a banana republic!). Come on, wake up!: JACK WELCH: OBAMA IS MANIPULATING THE JOBS NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS AWFUL…UNBELIEVABLE JOBS NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T DEBATE SO CHANGE NUMBERS. }

The Largest Economy In The World Is Imploding Right In Front Of Our Eyes http://albertpeia.com/largesteconomyimploding.htm , MF cuts 2012, 2013 global growth forecasts Marketwatch , The Inflation Rate Is A Lie Too http://albertpeia.com/inflationrateisalietoo.htm

Is China an economic miracle, or one massive Government-Sponsored fraud? http://albertpeia.com/chinamiraclegovernmentfraud.htm , Spain: How One Country Could Take Down the Entire EU Banking System http://albertpeia.com/spaincouldbringdowneubanksystem.htm

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm { Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

Police: "Enter (niggertown) Detroit (and niggertown chicago) At Your Own Risk (and any other towns where there are niggers in abundance) " http://albertpeia.com/detroitdeathsdoor.htm

Romney leads by four points in post-debate survey

Obama Flying to LA to Reassure Hollywood Donors Hollywood Reporter - Oct 6, 2012 --- The president arrives for a star-studded concert and high-roller dinner on Sunday amid "shock" in Hollywood over his Denver debate performance. { Sure…Forget about reassuring the nation that he’s something other than the failed, grifting incompetent jive-talking b***s*** nigger that he has proven to be after four years; instead, reassure the ‘brain-dead-of-nutwood’ bankrolling his unmitigated failure! The b***s*** performance … fellatio anyone? … says obama. }

Drudgereport: GALLUP: 5-POINT ROMNEY BOUNCE...
PEW: 18-point shift among women...
POLL: Romney leads among independents 51-35...
R closes gap in Michigan...
University of Colorado: Updated election forecasting model still points to Romney win...

Warnings That A Massive Stock Market Crash Is Imminent http://albertpeia.com/massivestockmarketcrashimminent.htm

MiND oF a KeYNeSiaN

http://albertpeia.com/catsareamazing.htm

American Media Drums Up Support for War … Again Posted by: George Washington Post date: 09/28/2012 - Israel Versus Iran: What’s REALLY Going On …Will Israel Blow Up Something and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and nobody else came. After all, israel will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good for israel is not so good for the rest of the world, and america particularly. Indeed, israeli agents were caught cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission accomplished? It was rather pathetic if not absurd to see netanayahoo talk about the ‘Iranian red line’ when israel’s past the red line many times over with their illegal nuke program and deployment of in excess of 200 illegal, undeclared nukes. }

The Largest Economy In The World Is Imploding Right In Front Of Our Eyes

http://albertpeia.com/largesteconomyimploding.htm

A Jobs Report Conspiracy?

http://theeconomiccollapseblog.com

http://albertpeia.com/jobreportcon.htm

{ Come on! People have to start calling a spade a spade! O’s just a typical incompetent, jive-talking b***s*** nigger! He is so pathetic and a total embarrassment! }

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

The Inflation Rate Is A Lie Too

http://albertpeia.com/inflationrateisalietoo.htm

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family

http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

{ Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

10-8-12 GALLUP: 5-POINT ROMNEY BOUNCE...
PEW: 18-point shift among women...
POLL: Romney leads among independents 51-35...
'Enthusiasm' gap 13-point spread for Republican...
R closes gap in Michigan...
R 49% O 47%
University of Colorado: Updated election forecasting model still points to Romney win...

SEPT. EMPLOYMENT: +114,000...
Aug. number revised to +142,000 -- from +96,000...
Welch: Obama manipulating numbers after debate performance... { There are some people (and their assessments) that you might dismiss as light-weight partisans… Jack Welch is not one of them! Indeed, among the rarest breed historically of exceptional american CEO’s, Welch points to the folly of preposterously a month before elections, on paltry/pathetic jobs numbers ( election year temp/part-time for manipulating stats along with the nebulous ‘stopped looking’ fudge factor) , following a disasterous debate showing (of wobama failure and incompetence), the unemployment rate falls to just below the ‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is tantamount to the obama 100% employment fantasy where literally everyone but him has stopped looking for work and hence, not counted in compiling the unemployment rate (and then those jobs in the millions lost and gone forever on his watch - what a banana republic!). Come on, wake up!: JACK WELCH: OBAMA IS MANIPULATING THE JOBS NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS AWFUL…UNBELIEVABLE JOBS NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T DEBATE SO CHANGE NUMBERS. }

Read more: http://www.businessinsider.com/jack-welch-obama-jobs-report-numbers-romney-2012-10#ixzz28QfCZ67d

JACK WELCH: Obama Is Manipulating The Jobs Numbers Because His Debate Performance Was Awful

Business Insider | Former GE CEO Jack Welch’s reaction to non-farm payrolls adding 114,000 new jobs in September and the unemployment rate falling to 7.8 percent. Welch: Obama manipulating numbers after debate performance... { There are some people (and their assessments) that you might dismiss as light-weight partisans… Jack Welch is not one of them! Indeed, among the rarest breed historically of exceptional american CEO’s, Welch points to the folly of preposterously a month before elections, on paltry/pathetic jobs numbers ( election year temp/part-time for manipulating stats along with the nebulous ‘stopped looking’ fudge factor) , following a disasterous debate showing (of wobama failure and incompetence), the unemployment rate falls to just below the ‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is tantamount to the obama 100% employment fantasy where literally everyone but him has stopped looking for work and hence, not counted in compiling the unemployment rate (and then those jobs in the millions lost and gone forever on his watch - what a banana republic!). Come on, wake up!: JACK WELCH: OBAMA IS MANIPULATING THE JOBS NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS AWFUL…UNBELIEVABLE JOBS NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T DEBATE SO CHANGE NUMBERS. }

Reason For Today’s Unemployment Rate Plunge: Part-Time Jobs For Economic Reasons Surge Most Since QE1 Announcement

Zero Hedge | We already noted the absolutely stunning surge in reported Household Survey jobs which “added” 873,000 jobs.

A Jobs Report Conspiracy?

http://theeconomiccollapseblog.com

http://albertpeia.com/jobreportcon.htm

{ Come on! People have to start calling a spade a spade! O’s just a typical incompetent, jive-talking b***s*** nigger! He is so pathetic and a total embarrassment! }

After the debate debacle for Obama, we’ll find out if we have a race

Obama mocks Romney as ‘getting tough on Big Bird’ { Wow! Great point O. I bet that point wasn’t even teleprompted; strictly your own. Now people know why america’s going down so fast and furious! } Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality.

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm { Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

After the debate debacle for Obama, we’ll find out if we have a race

Obama mocks Romney as ‘getting tough on Big Bird’ { Wow! Great point O. I bet that point wasn’t even teleprompted; strictly your own. Now people know why america’s going down so fast and furious! } Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. Obama: Biggest mistake too much perspiration, not enough inspiration [What total b***s***!] { Biggest mistake: too much b***s***, not enough substance; that’s reality, not spin! } White House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm } Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... [ Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against sending the DREAM Act to the Senate floor for full consideration. The bill would have created a path to citizenship for many young illegal immigrants brought to the United States as children. Last week, Obama announced plans to stop deporting illegal immigrants who would have qualified for the DREAM Act. The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama desperation hail mary’ that once again falls short. Indeed, as an investor, one analyzes earnings, projects prospective earnings over a 3-5 year horizon, and the quality of the earnings along macro economic factors which are affected by ‘political considerations’. Does anyone remember the honorable Ross Perot who warned of NAFTA’s effect on american jobs even as the democrat administration et als were hell-bent on passing same? Should Romney have breached his legal duty to shareholders and invested in companies with poor earnings prospects? After all, in the financial / security analysis step of projecting the income statement, prospective labor costs figure prominently in the bottomline. In sum, Romney took conditions as he found them, and made the prudent choices which as per his legal duty were optimal for those who put their trust in him. For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. ]
Will accept your birthday or anniversary gifts, too...

IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES (Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT (Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United States of America while Barack Obama is President.  The evidence is overwhelming:  everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed.  Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each.  Nearly 2-1/2 million fewer Americans have jobs than before the stimulus. Barack Obama has been President for 30 months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.  He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW.  His broken campaign promises are too numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!

Will The Chinese Renminbi Replace The U.S. Dollar As The Primary Reserve Currency Of The World?

http://thetruthwins.com

http://albertpeia.com/whichcurrencythecomingdollarreplacement.htm

Warnings That A Massive Stock Market Crash Is Imminent http://albertpeia.com/massivestockmarketcrashimminent.htm

MiND oF a KeYNeSiaN

http://albertpeia.com/catsareamazing.htm

American Media Drums Up Support for War … Again Posted by: George Washington Post date: 09/28/2012 - Israel Versus Iran: What’s REALLY Going On …Will Israel Blow Up Something and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and nobody else came. After all, israel will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good for israel is not so good for the rest of the world, and america particularly. Indeed, israeli agents were caught cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission accomplished? It was rather pathetic if not absurd to see netanayahoo talk about the ‘Iranian red line’ when israel’s past the red line many times over with their illegal nuke program and deployment of in excess of 200 illegal, undeclared nukes. }

A Jobs Report Conspiracy?

http://theeconomiccollapseblog.com

http://albertpeia.com/jobreportcon.htm

{ Come on! People have to start calling a spade a spade! O’s just a typical incompetent, jive-talking b***s*** nigger! He is so pathetic and a total embarrassment! }

The following is a sampling of skeptical quotes about this jobs report....

Former GE chief Jack Welch

Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers

Chapwood Capital Investment Management Managing Partner Ed Butowsky

I feel like I’m watching a movie. There is no way in the world these numbers are accurate.

Neil Irwin of the Washington Post

"Weird that payrolls are exactly on forecast but household survey is far better."

Conn Carroll, senior editorial writer for the Washington Examiner

While it is highly improbable that BLS conspired to cook the books, there is still a huge 756,000 job gap between the number of jobs employers told the Labor Department they created in September (114k), and the number of Americans who told the labor department that they got new jobs (873k).

U.S. Representative Allen West

I agree with former GE CEO Jack Welch, Chicago style politics is at work here. Somehow by manipulation of data we are all of a sudden below 8 percent unemployment, a month from the Presidential election. This is Orwellian to say the least and representative of Saul Alinsky tactics from the book "Rules for Radicals"- a must read for all who want to know how the left strategize . Trust the Obama administration? Sure, and the spontaneous reaction to a video caused the death of our Ambassador......and pigs fly.

Gluskin Sheff's David Rosenberg

That the 7.8 percent jobless rate takes it to the level that prevailed when the President took office in January 2009 has raised many an eyebrow. I don't believe in conspiracy theories. But I don't believe in the Household Survey either. 

This notoriously volatile indicator has become even more so in recent months. It showed a 195K slide in July and a 119K decline in August, to only then reveal a massive 873K surge in September.

Radio host Laura Ingraham

"Jobs #s from Labor Secretary Hilda Solis are total pro-Obama propaganda--labor force participation rate at 30-yr low. Abysmal!"

Americans for Limited Government

"Either the Federal Reserve, which has its fingers on the pulse of every element of the economy, and the Bureau of Labor Statistics manufacturing survey report are grievously wrong or the number used to calculate the unemployment rate are wrong, or worse manipulated. Given that these numbers conveniently meet Obama's campaign promises one month before the election, the conclusions are obvious."

Rick Santelli of CNBC

"I told you they'd get it under 8 percent — they did! You can let America decide how they got there!"

Of course the backlash in the media against skepticism of the jobs report has been very forceful.

Already, those that are doubtful of the legitimacy of the jobs report are being called "truthers" - as if there is something wrong with wanting to know the truth.

Sadly, that is how things work these days.  If you don't like the viewpoint that some people are expressing, you just label them "conspiracy theorists".

And when someone is labeled a "conspiracy theorist", that is code for "that person is so crazy that you should not listen to anything they say".

But the truth is that we live in a world where often people do things that they are not supposed to be doing.

When something rather strange happens, it is not wrong to investigate and try to figure out what is going on.

And this jobs report seems very, very odd.

It sure does seem rather strange that the household survey is showing almost 8 times as many jobs created as the employer survey does.

It sure does seem rather strange that 873,000 more Americans were working in September (the largest increase in 29 years) after decreases in both July and August.

It sure does seem rather strange that the unemployment rate dropped under 8 percent at the exact moment when Barack Obama needed it the most…’

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family

http://thetruthwins.com

http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

{ Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

10-5-12 BOUNCE IN POLLS:
R PULLS AHEAD IN VA...
R +3 IN FL...
R +3 IN OH among those 'certain' to vote...
REALLY! 7.8%
Total employment 'highest one-month jump in 29 years'...
Welch: President manipulating numbers after debate performance...
BLS economists donate to Obama campaign?
Rate Plummets to 4.3% -- For Govt Workers...
Report met with suspicion...
ROMNEY: Rate more like 11%...
OBAMA: Can't turn back now...
SEPT. EMPLOYMENT: +114,000...
Aug. number revised to +142,000 -- from +96,000...
Welch: Obama manipulating numbers after debate performance... { There are some people (and their assessments) that you might dismiss as light-weight partisans… Jack Welch is not one of them! Indeed, among the rarest breed historically of exceptional american CEO’s, Welch points to the folly of preposterously a month before elections, on paltry/pathetic jobs numbers ( election year temp/part-time for manipulating stats along with the nebulous ‘stopped looking’ fudge factor) , following a disasterous debate showing (of wobama failure and incompetence), the unemployment rate falls to just below the ‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is tantamount to the obama 100% employment fantasy where literally everyone but him has stopped looking for work and hence, not counted in compiling the unemployment rate (and then those jobs in the millions lost and gone forever on his watch - what a banana republic!). Come on, wake up!: JACK WELCH: OBAMA IS MANIPULATING THE JOBS NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS AWFUL…UNBELIEVABLE JOBS NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T DEBATE SO CHANGE NUMBERS. }
O NO: CLINT WAS RIGHT!
Leno: 'Only Person Who Didn't Tune In Was Obama'...
Campaign aides 'shell-shocked'...
Man Tells Obama: Business 'Terrible Since You Got Here'...
NH voter: 'Couldn't run a lemonade stand'...
Deficit Tops $1 Trillion for 4th Year...
California Refiners Ration Gasoline...
L.A. stations run out, close pumps...
Gas Prices Likely to Rise Through Election...

SKYFALL
RATTLED, O GOES ON ATTACK...
BUCHANAN: Romney: Best debate performance in 52 years...
John Sununu calls Obama 'lazy and detached'...
FLASHBACK: 'There's a laziness in me'... { Of course O’s lazy…niggers are lazy…that’s just the way they are…don’t blame the niggers, they were born that way! And, what about the audacity of wobama the b for b***s*** talking about specific plans by President Romney when wobama’s ‘plans’ last b***s*** campaign, from war (continued) to prosecutions of the big wall street frauds (none) to cutting the deficit (actually increased in record fashion), etc., etc. were meaningless b***s*** when measured by what he did (zero)….Just like a nigger! When are people going to awaken to the reality that obama’s just total b***s*** without the slightest clue as to how to achieve results through work/performance, and is too lazy to really care! }
Was Obama rattled by developing donor scandal story?
BIDEN: 'Yes, We Do' ...
Keept away from press...
AARP to President: Don't mention us again...
67 MILLION: RATINGS JUMP FOR DEBATE...
15 million more than '08...
Left-Wing Websites Reject Obama Ads, Say Campaign Undercutting Them By Working With GOOGLEAOL...
Harry Reid makes up quotes in another attack on Romney...
NYT: 'President Xanax'...
Lost, bewildered without teleprompter...
Gas prices in CA hit record highs...
Supply shortages shut pumps...

After the debate debacle for Obama, we’ll find out if we have a race

Obama mocks Romney as ‘getting tough on Big Bird’ { Wow! Great point O. I bet that point wasn’t even teleprompted; strictly your own. Now people know why america’s going down so fast and furious! } Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality.

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm { Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

After the debate debacle for Obama, we’ll find out if we have a race

Obama mocks Romney as ‘getting tough on Big Bird’ { Wow! Great point O. I bet that point wasn’t even teleprompted; strictly your own. Now people know why america’s going down so fast and furious! } Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. Obama: Biggest mistake too much perspiration, not enough inspiration [What total b***s***!] { Biggest mistake: too much b***s***, not enough substance; that’s reality, not spin! } White House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm } Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... [ Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against sending the DREAM Act to the Senate floor for full consideration. The bill would have created a path to citizenship for many young illegal immigrants brought to the United States as children. Last week, Obama announced plans to stop deporting illegal immigrants who would have qualified for the DREAM Act. The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama desperation hail mary’ that once again falls short. Indeed, as an investor, one analyzes earnings, projects prospective earnings over a 3-5 year horizon, and the quality of the earnings along macro economic factors which are affected by ‘political considerations’. Does anyone remember the honorable Ross Perot who warned of NAFTA’s effect on american jobs even as the democrat administration et als were hell-bent on passing same? Should Romney have breached his legal duty to shareholders and invested in companies with poor earnings prospects? After all, in the financial / security analysis step of projecting the income statement, prospective labor costs figure prominently in the bottomline. In sum, Romney took conditions as he found them, and made the prudent choices which as per his legal duty were optimal for those who put their trust in him. For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. ]
Will accept your birthday or anniversary gifts, too...

IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES (Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT (Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United States of America while Barack Obama is President.  The evidence is overwhelming:  everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed.  Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each.  Nearly 2-1/2 million fewer Americans have jobs than before the stimulus. Barack Obama has been President for 30 months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.  He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW.  His broken campaign promises are too numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!

Marc Faber & Jim Rogers On Our "Clueless, Ignorant, Dangerous" Leaders ZeroHedge.com While the discussions between these two legends varied from Phat Phong nightlife to Dow 30,000, and from China bullishness to AAPL bearishness, it was the conversation about the actions of Bernanke, and more importantly our political leaders that summed up perfectly the dreadful reality in which we find ourselves. The punchline: "It is very dangerous to have ignorant people believing that they know something." { Yes! I absolutely believe that this ‘punchline’ is both important and accurate but extends far beyond the realm of ‘political leaders’! } , Artemis Capital "Modern Financial Markets Are A Game Of Impossible Objects" { I’d say more simply that they’re just insanely criminal and require complete ablution by severe, substantial and numerous prosecutions, incarcerations, fines, and disgorgement of the ubiquitous fruits of their fraudulently criminal labor. There has never been as now such a total divorcement from all principles of finance/economics in favor of fraud at every level of society as facilitated by modern technologies invariably put to bad use in furtherance of the debilitating frauds. }

Warnings That A Massive Stock Market Crash Is Imminent http://albertpeia.com/massivestockmarketcrashimminent.htm

China To Challenge US Dollar Reserve Currency Status

Gold Core | China is actively taking steps to phase out the US dollar.

U.S. Added More Debt Monday Than From 1776 Through Pearl Harbor

CNS News | The federal government added $93,245,605,914.16 to its debt on Oct. 1, the first day of fiscal 2013.

MiND oF a KeYNeSiaN

http://albertpeia.com/catsareamazing.htm

American Media Drums Up Support for War … Again Posted by: George Washington Post date: 09/28/2012 - Israel Versus Iran: What’s REALLY Going On …Will Israel Blow Up Something and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and nobody else came. After all, israel will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good for israel is not so good for the rest of the world, and america particularly. Indeed, israeli agents were caught cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission accomplished? It was rather pathetic if not absurd to see netanayahoo talk about the ‘Iranian red line’ when israel’s past the red line many times over with their illegal nuke program and deployment of in excess of 200 illegal, undeclared nukes. }

Guest Post: Explaining Hyperinflation

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family

http://thetruthwins.com

http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

{ Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

10-4-12 SKYFALL
RATTLED, O GOES ON ATTACK...
BUCHANAN: Romney: Best debate performance in 52 years...
John Sununu calls Obama 'lazy and detached'...
FLASHBACK: 'There's a laziness in me'... { Of course O’s lazy…niggers are lazy…that’s just the way they are…don’t blame the niggers, they were born that way! And, what about the audacity of wobama the b for b***s*** talking about specific plans by President Romney when wobama’s ‘plans’ last b***s*** campaign, from war (continued) to prosecutions of the big wall street frauds (none) to cutting the deficit (actually increased in record fashion), etc., etc. were meaningless b***s*** when measured by what he did (zero)….Just like a nigger! When are people going to awaken to the reality that obama’s just total b***s*** without the slightest clue as to how to achieve results through work/performance, and is too lazy to really care! }
Was Obama rattled by developing donor scandal story?
BIDEN: 'Yes, We Do' ...
Keept away from press...
AARP to President: Don't mention us again...
67 MILLION: RATINGS JUMP FOR DEBATE...
15 million more than '08...
Left-Wing Websites Reject Obama Ads, Say Campaign Undercutting Them By Working With GOOGLEAOL...
Harry Reid makes up quotes in another attack on Romney...
NYT: 'President Xanax'...
Lost, bewildered without teleprompter...
Gas prices in CA hit record highs...
Supply shortages shut pumps...

ROUND WON: Romney Seized Offense in Debate...
You Were Fighting For Obamacare, Not Jobs...
'The Path We’re Taking Is Not Working'...
FOURNIER: Cursed Obama Falls...
MSNBC MATTHEWS: 'What Was He Doing!'
Cutter takes swipe at Lehrer...
Carville: 'Romney came with a chainsaw'...
Andrew Sullivan: 'This was a disaster'...
UH O
Lost, bewildered without teleprompter...
CNN POLL: Romney Annihilates...
Van Jones: 'Was Able To 'Out-Obama Obama'...
LEFT TURNS ON O...
CA gas prices set to spike...
Man beaten, robbed -- inside grocery store!
Another sex scandal rocks Detroit...{ Was she the sex lackey of Detroit Blacky? …'The chief of police exceeded his professional status,' David Robinson said. }

NATIONAL JOURNAL SHOCK POLL: R 47% O 47%...
BIDEN: Middle class has been 'buried' during Obama's presidency...
New Model to Predict Unemployment Sees Rate at 8.1%...

POLL: 43% of voters certain they will vote for Romney. 42% certain they will vote for Obama. Remaining 15% either uncommitted or open to changing mind.... MORE...

POLL: Doctors choose Romney...
DENVER BRONCOS John Elway Endorses Romney...

Warnings That A Massive Stock Market Crash Is Imminent http://albertpeia.com/massivestockmarketcrashimminent.htm , Dave’s Daily: http://www.etfdigest.com ‘PATIENCE IS THE OPERATIVE WORD 10-3-12 You really have to be careful now. Bernanke’s high wire act has no guarantee of success. At the same time it’s worked before to drive up stock prices. This seems to be what his main objective is and confirmed as it were by Bloomberg. But how many times can you go to the well with this stuff? That’s the question. Stocks are trying to rise and are dueling with poor economic data from China and the eurozone not to mention what should be poor upcoming earnings news.Hewlett-Packard (HPQ) warned today earnings as the overall PC business is in trouble with weak demand.Economic data from the U.S. included ISM Services data (55.1 vs 53.5 expected & prior 53.7). Comically the person responsible (Nieves) at ISM said “hard to pinpoint the reason for the gain in the index.” Embedded within the data were higher prices paid and the employment component weakened (51.5 vs prior 53.8). The usually unreliable ADP Employment Report rose (162K vs 140K expected & prior revised lower to 189K vs 201K). Investors found the data overall less than thrilling but let’s face it QE3 rules for now.Thursday is Jobless Claims again and then Friday’s all-important Employment Report. Also we’ll see what impact if any the first presidential debate provided. 

In commodity markets oil (USO) plunged, not so much on inventory issues as was feared, but more about future demand prospects. (Crude Oil Inventories -.5M BBLs vs -2.4M BBLs previously) doesn’t mean there’s a build in inventories particularly.In other news it was reported that Chelsea Clinton has left her job on Wall Street { Difficult to imagine with bill and hill her endowing (genetically) parents, but I personally think she is a good person and couldn’t possibly imagine wall street as a suitable place for her; even to get ‘her feet wet’. } to search for more meaning in her no doubt wretched life. Me? I’m more interested in Monica Lewinsky’s forthcoming tell all. Yeah, I’m feeling like a rascal today…’ , Fed's Latest Easing Has Little Impact -- Out of Bullets (As Predicted By Many, including Graham Summers, all of whom among others assert the severe inflationary impact of the misguided over-printing/creating/fiat currency and ‘weimar effect’)? Marketwatch Headlines for 10-3 http://albertpeia.com/marketwatchheads10312.htm

Obama Contract Slides On InTrade ZeroHedge.com .. reaction is not favorable for the incumbent…’ , First Obama vs Romney Presidential Debate - Live Webcast , ‘…the first of many presidential debates will begin, whose ultimate goal will be to validate in the minds of those 47% or so (aka the very loud minority) who intend to vote for the next president, that they have made the right choice. They haven't (for the reason, or rather 16,171,037,343,409 reasons, see here: neither candidate {now} can do anything at all to prevent the debt crisis iceberg that America is careening into full speed, and which nobody {I did!} could have foreseen). ..

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm { Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

4 Years After TARP - Winners, Losers, Bubbles, And Troubles , Fed Confused Reality Doesn't Conform To Its Economic Models, Shocked Its Models Predict "Explosive Inflation" , Complete Fed Failure: Retail Investors Pull Out Most From Domestic Equity Funds In Two Months Just as we had suspected for months, Bernanke's attempt to herd cats and to drive retail investors into equities is now a complete and unmitigated catastrophe.

Guest Post: It's Not America Anymore Those who rally behind the modern concept of America rally behind a façade — an empty shell devoid of the heart and soul that gave life to this once great experiment. It is time for us to decide what kind of Americans we wish to be: the deluded rah-rah puppets of a desiccated totalitarian society, or the watchmen on the wall. Will we be the keepers and protectors of the vital core of the American identity, or will we be fly-by-night consumers of the flavor-of-the-day political carnival, eating every tainted sample from the elitist platter in an insane attempt to replace our free heritage with a sleek, sexy, rehashed form of top-down feudalism?

MiND oF a KeYNeSiaN

http://albertpeia.com/catsareamazing.htm

American Media Drums Up Support for War … Again Posted by: George Washington Post date: 09/28/2012 - Israel Versus Iran: What’s REALLY Going On …Will Israel Blow Up Something and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and nobody else came. After all, israel will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good for israel is not so good for the rest of the world, and america particularly. Indeed, israeli agents were caught cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission accomplished? It was rather pathetic if not absurd to see netanayahoo talk about the ‘Iranian red line’ when israel’s past the red line many times over with their illegal nuke program and deployment of in excess of 200 illegal, undeclared nukes. }

Warnings That A Massive Stock Market Crash Is Imminent

http://albertpeia.com/massivestockmarketcrashimminent.htm

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

Patriots And Christians Have Been Repeatedly Labeled As Potential Terrorists Since Obama Became President

http://albertpeia.com/christianspatriotsobamasterrorists.htm

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family

http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

{ Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

10-3-12 ROUND WON: Romney Seized Offense in Debate...
You Were Fighting For Obamacare, Not Jobs...
'The Path We’re Taking Is Not Working'...
FOURNIER: Cursed Obama Falls...
MSNBC MATTHEWS: 'What Was He Doing!'
Cutter takes swipe at Lehrer...
Carville: 'Romney came with a chainsaw'...
Andrew Sullivan: 'This was a disaster'...
UH O
Lost, bewildered without teleprompter...
CNN POLL: Romney Annihilates...
Van Jones: 'Was Able To 'Out-Obama Obama'...
LEFT TURNS ON O...
CA gas prices set to spike...
Man beaten, robbed -- inside grocery store!
Another sex scandal rocks Detroit...{ Was she the sex lackey of Detroit Blacky? …'The chief of police exceeded his professional status,' David Robinson said. } 'He's breached the trust of the department.'Godbee and Bing have been assailed by officers in recent weeks over a 10 percent pay cut and implementation of 12-hour workdays to help cut millions of dollars from the police budget. Officers complain the cuts and new work rules are too much to take in a city with one of the highest violent crime rates in the country. The 287 murders committed through Sept. 23 in Detroit are 26 more than at the same point last year’Read more: http://www.dailymail.co.uk/news/article-2212064/Detroit-police-chief-suspended-affair-officer-tweeted-photo-gun-mouth-seeing-else.html#ixzz28JFPKs4U

NATIONAL JOURNAL SHOCK POLL: R 47% O 47%...
BIDEN: Middle class has been 'buried' during Obama's presidency...
New Model to Predict Unemployment Sees Rate at 8.1%...

POLL: 43% of voters certain they will vote for Romney. 42% certain they will vote for Obama. Remaining 15% either uncommitted or open to changing mind.... MORE...

POLL: Doctors choose Romney...
DENVER BRONCOS John Elway Endorses Romney...
CNN poll magically tightens as calendar turns...
PAPER: Obama will need all the luck that he can get...

RYAN: We Are Seeing Obama's Foreign Policy 'Unravel on Our TV Screens'...
'Holder must go' over Fast and Furious...

Hundreds line up for $1.84 gas in Michigan in Anti-Obama Stunt...
2012 DEBT SURPASSES 2011...
Huge tax increase looms at year-end 'fiscal cliff'...

Jobs Outlook Weak as Companies Reporting Cost Cuts...

Americans May Be Getting Poorer, But At Least We Are Getting Fatter And Sicker http://albertpeia.com/americanspoorerfattersicker.htm , The Last Housing Crash Is Not Even Over But Bernanke Is Already Setting The Stage For The Next One http://albertpeia.com/bernankesnexthousingcrash.htm , Why You Should Be VERY Afraid of Inflation http://albertpeia.com/fearthebighyperinflationcoming.htm

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm { Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

US Debt Soars To $16,159,487,013,300.35, +$93 Billion; Or How To Kick Off Fiscal 2013 With A Bang , Guest Post: Eight Signs The System Is Broken , Dancing On The Grave Of Keynesianism

The ECB – EUR22 Trillion Is Missing Zero Hedge | Think of it; twenty-two trillion dollars worth of assets and liabilities and accounted for nowhere.

Via Mark J. Grant, author of Out of the Box,

The ECB: The Missing Assets/Liabilities

“To treat your facts with imagination is one thing, but to imagine your facts is another.”

-John Burroughs

Yesterday I published the assets/liabilities of the European Central Bank as provided by them. I provided some analysis that I thought was relevant as I also asked all of you to look at the numbers yourself. To be quite open; I was stunned by the data they provided and shocked by the implications. I had not seen the data in any other source or commented about by anyone and the subject, while admittedly complex, and perhaps made more complex by design, is a huge wake-up call for anyone investing in Europe.

The ECB lists, as of the end of the 1st quarter of 2012, 16.304 trillion Euros ($ 21.032 trillion) in assets and 17.334 trillion Euros ($22.631 trillion) in liabilities. It is right there in black and white as I showed in the ECB provided data that I presented yesterday. However when you get to their consolidated balance sheet you find the numbers they bandy about in public to be a ledger of 3.240 trillion Euros ($4.00 trillion) and you catch your breath and pause. Utilizing normal American accounting practices this variance would be impossible and yet here it is; staring us all right in the face.

“Europe has put a ‘stop payment’ on our reality check!”

-The Wizard

I can report that I did hear from a number of large institutions yesterday that also looked at the numbers themselves and were stunned. Conversations were held, questions were asked and I think an accurate summation of the conversations was that everyone was in some state or another of astonishment. The numbers were not my numbers after all and while many good issues were raised in terms of how to properly analyze the data that was presented there was a clear sense that we were being duped by the European Central Bank and played for suckers.

“Reality is the leading cause of stress amongst those in touch with it.”

-Jane Wagner

Forget that the liabilities are greater than the assets and forget that that both have increased rather appreciably in the last several years and just concentrate on the size of the numbers presented and then ask the central questions; who is responsible for these assets and liabilities and where are they counted? We know that they are not counted at the ECB as they are not a part of their consolidated balance sheet. You may ask how this is possible and I re-print, once again, the applicable note from the ECB:

“Recognition of assets and liabilities

An asset or liability is only recognized in the Balance Sheet when it is probable that any associated future economic benefit will flow to or from the ECB, substantially all of the associated risks and rewards have been transferred to the ECB, and the cost or value of the asset or the amount of the obligation can be measured reliably.”

So there is the rationale, like it or not, but then where are these assets/liabilities counted? We are talking about $21.032 trillion in assets here and $22.631 trillion in liabilities which are larger numbers that all of the GDP of Europe. We can surmise that the ECB does not count these loans, securitizations and collateral as they belong to a given nation or a bank guaranteed by the nation or the securitization is guaranteed by some country but the rub is the country doesn’t count them either. When a European nation reports out its debt to GDP ratio I knew that they did not count contingent liabilities and I knew that government backed bank bonds were not included and I knew that regional debt guaranteed by the government was not included but this, and the sheer size of it, had lain underneath everyone’s radar.

Think of it; twenty-two trillion dollars worth of assets and liabilities and accounted for nowhere. No need to worry anymore about Target2; a mere tuppence at one trillion dollars, a decimal point. Just exactly what these assets and liabilities might be is anyone’s guess. Just which nations generated them is also anyone’s guess as no data or explanation is provided. Just what any country’s real debt to GDP ratio might be if these assets/liabilities were included in the equation is also anyone’s guess but I think it is safe to assume that the numbers would be off the charts; far off the charts.

“Illusions commend themselves to us because they save us pain and allow us to enjoy pleasure instead. We must therefore accept it without complaint when they sometimes collide with a bit of reality against which they are dashed to pieces.”

-Sigmund Freud

You know, these are not blue fairies or gnomes or elves that have gone missing. These are twenty-two trillion dollars ($22 trillion) of loans and securitizations and mortgages that are found and accountable for by no one. These are real assets and real liabilities that have been turned into cash by the ECB and it causes me to wonder just how accurate the Money Supply numbers are for Europe with this amount of cash being pumped into the system. I also wonder what anyone’s real balance sheet looks like and I wonder what kinds of losses are being incurred and by whom. To be quite forthright, and in my opinion, this seems to me not just the rigging of the game or the gaming of the system but something far past that; something out beyond the realm of the credible and of real world experiences.

This is what we are investing in when we buy European bonds? This is where we are putting our client’s money? I don’t know; they may have gone mad but I have not.

Have you?

“An error does not become truth by reason of multiplied propagation, nor does truth become error because nobody sees it.”

-Mahatma Gandhi

MiND oF a KeYNeSiaN

http://albertpeia.com/catsareamazing.htm

Posted by : williambanzai7 Post date: 10/01/2012 - 15:53 Cats can now walk on the ceiling...

Cats can now walk on the ceiling
The masses will find this appealing
And with this distraction
Keynes flew into action
To stimulate Kleptocrat stealing

The Limerick King

The morons who venerate Keynes
Have somewhat remarkable brains
Instead of IQ
It's loaded with goo
That runs out whenever it rains

The Limerick King

Benny has seen better days
Gone are his Keynesian ways
After the crash
He only had cash
He's now hoping charity pays

The Limerick King

American Media Drums Up Support for War … Again Posted by: George Washington Post date: 09/28/2012 - Israel Versus Iran: What’s REALLY Going On …Will Israel Blow Up Something and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and nobody else came. After all, israel will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good for israel is not so good for the rest of the world, and america particularly. Indeed, israeli agents were caught cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission accomplished? It was rather pathetic if not absurd to see netanayahoo talk about the ‘Iranian red line’ when israel’s past the red line many times over with their illegal nuke program and deployment of in excess of 200 illegal, undeclared nukes. }

Why You Should Be VERY Afraid of Inflation

http://albertpeia.com/fearthebighyperinflationcoming.htm

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

Americans May Be Getting Poorer, But At Least We Are Getting Fatter And Sicker

http://albertpeia.com/americanspoorerfattersicker.htm

The Last Housing Crash Is Not Even Over But Bernanke Is Already Setting The Stage For The Next One

http://albertpeia.com/bernankesnexthousingcrash.htm

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family

http://thetruthwins.com

http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

{ Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

10-2-12 NATIONAL JOURNAL SHOCK POLL: R 47% O 47%...
BIDEN: Middle class has been 'buried' during Obama's presidency...
New Model to Predict Unemployment Sees Rate at 8.1%...

POLL: 43% of voters certain they will vote for Romney. 42% certain they will vote for Obama. Remaining 15% either uncommitted or open to changing mind.... MORE...

POLL: Doctors choose Romney...
DENVER BRONCOS John Elway Endorses Romney...
CNN poll magically tightens as calendar turns...
PAPER: Obama will need all the luck that he can get...

RYAN: We Are Seeing Obama's Foreign Policy 'Unravel on Our TV Screens'...
'Holder must go' over Fast and Furious...

Hundreds line up for $1.84 gas in Michigan in Anti-Obama Stunt...
2012 DEBT SURPASSES 2011...
Huge tax increase looms at year-end 'fiscal cliff'...

Jobs Outlook Weak as Companies Reporting Cost Cuts...
REPORT: Recovery faster for immigrants than US-born workers...
U.S. MILITARY DEATHS IN AFGHANISTAN HIT 2,000....
AFGHAN SOLDIER KILLS 2 MORE AMERICAN TROOPS...
Biden Misstates Number Of Fallen Heroes...
Military absentee ballots going AWOL in 2012...
REPORT: 1 million Ohioans have 'Obama phones'...
RYAN WARNS: 'We need to tackle challenges before they tackle us'...
Dollar Falls Most in Year...
UNIVISION report connects 'Fast & Furious' to murders of 16 Mexican teenagers...
NETWORK FINDS 57 UNREPORTED WEAPONS...
VIDEO **WARNING -- GRAPHIC**...
RYAN: 'Holder must go'...
Jets owner: I'd rather Romney win -- than the Jets!
OCTOBER 1: OBAMA APPROVE AT 47%
POLL: O 49% R 47%...
POLL: O 49% R 47%...
Eurozone hits record high unemployment...
18.2 million jobless...
'INEVITABLE NEW RECESSION'...
One in 10 EU workers missed work for depression...
26% in UK diagnosed...
Greek youth unemployment hits 55%...

The Federal Reserve Sends Thank You Letters To Congress For Letting Them Destroy Our Economy In Secret http://albertpeia.com/feddestroyingeconomy.htm , Time to reap gains and hedge positions Marketwatch ‘it is time to take profits’

Where We Are and Where We’re Going (10-1-12) http://albertpeia.com/fedroadtoperdition.htm , Guest Post: The Global Spring ZeroHedge.com

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm { Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

MiND oF a KeYNeSiaN

http://albertpeia.com/catsareamazing.htm

Posted by : williambanzai7 Post date: 10/01/2012 - 15:53 Cats can now walk on the ceiling...

Cats can now walk on the ceiling
The masses will find this appealing
And with this distraction
Keynes flew into action
To stimulate Kleptocrat stealing

The Limerick King

The morons who venerate Keynes
Have somewhat remarkable brains
Instead of IQ
It's loaded with goo
That runs out whenever it rains

The Limerick King

Benny has seen better days
Gone are his Keynesian ways
After the crash
He only had cash
He's now hoping charity pays

The Limerick King

American Media Drums Up Support for War … Again Posted by: George Washington Post date: 09/28/2012 - Israel Versus Iran: What’s REALLY Going On …Will Israel Blow Up Something and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and nobody else came. After all, israel will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good for israel is not so good for the rest of the world, and america particularly. Indeed, israeli agents were caught cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission accomplished? It was rather pathetic if not absurd to see netanayahoo talk about the ‘Iranian red line’ when israel’s past the red line many times over with their illegal nuke program and deployment of in excess of 200 illegal, undeclared nukes. }

The Federal Reserve Sends Thank You Letters To Congress For Letting Them Destroy Our Economy In Secret

http://albertpeia.com/feddestroyingeconomy.htm

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family

http://thetruthwins.com

http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

{ Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

10-1-12 POLL: 43% of voters certain they will vote for Romney. 42% certain they will vote for Obama. Remaining 15% either uncommitted or open to changing mind.... MORE...

POLL: Doctors choose Romney...
DENVER BRONCOS John Elway Endorses Romney...
CNN poll magically tightens as calendar turns...
PAPER: Obama will need all the luck that he can get...

RYAN: We Are Seeing Obama's Foreign Policy 'Unravel on Our TV Screens'...
'Holder must go' over Fast and Furious...

Hundreds line up for $1.84 gas in Michigan in Anti-Obama Stunt...
2012 DEBT SURPASSES 2011...
Huge tax increase looms at year-end 'fiscal cliff'...

Jobs Outlook Weak as Companies Reporting Cost Cuts...
REPORT: Recovery faster for immigrants than US-born workers...
U.S. MILITARY DEATHS IN AFGHANISTAN HIT 2,000....
AFGHAN SOLDIER KILLS 2 MORE AMERICAN TROOPS...
Biden Misstates Number Of Fallen Heroes...
Military absentee ballots going AWOL in 2012...
REPORT: 1 million Ohioans have 'Obama phones'...
RYAN WARNS: 'We need to tackle challenges before they tackle us'...
Dollar Falls Most in Year...
UNIVISION report connects 'Fast & Furious' to murders of 16 Mexican teenagers...
NETWORK FINDS 57 UNREPORTED WEAPONS...
VIDEO **WARNING -- GRAPHIC**...
RYAN: 'Holder must go'...
Jets owner: I'd rather Romney win -- than the Jets!
OCTOBER 1: OBAMA APPROVE AT 47%
POLL: O 49% R 47%...
POLL: O 49% R 47%...
Eurozone hits record high unemployment...
18.2 million jobless...
'INEVITABLE NEW RECESSION'...
One in 10 EU workers missed work for depression...
26% in UK diagnosed...
Greek youth unemployment hits 55%...

Proof Positive Than Central Banks and Central Planning Fail http://albertpeia.com/proofofcentralbankplanningfailure.htm ‘Regarding the recent Central Bank coordinated intervention, the key take-away point is that the ECB and US Federal Reserve attempted “shock and awe” tactics with their latest announcements by throwing out words such as “unlimited” and “open-ended.”The implication here was that the Central Banks would do everything they could to prop up the financial markets. However, as has been the case with every Central Bank intervention, there are unintended consequences (ie., inflation, stagflation, etc.). The first unintended consequence concerns the fact that both programs are essentially a form of “intervention to infinite.” The problem with this is that the primary driver of stock prices over the last three years has been the anticipation of more monetary stimulus from Central Banks.Indeed, the New York Fed itself has openly admitted that were it to remove the market moves that occurred around Fed FOMC meetings (the times when the Fed announced new programs or hinted at doing so), the S&P 500 would be at 600 today.So, by announcing programs that will be on going in nature, both the ECB and the Fed have removed the anticipation of future Central Bank intervention from investors’ psychologies. This could become highly problematic, especially if these latest announcements turn out to be duds.Speaking of which…Spain’s ten-year bond yield has broken back above 6%. To see Spain’s sovereign bond yields rising like this after the ECB announced it would essentially provide “unlimited” buying as support is simply stunning. And it indicates in plain terms that the ECB’s program was in fact a dud.In other news, we find that even barely literate high school students have a better understanding of job creation than Washington.In case you missed it, recently the US public school system has implemented a series of reforms to mandate what students should eat based on a healthier diet.The program was spearheaded by First Lady Michelle Obama, who, despite not being a nutritionist or having any sort of medical degree, has decided she knows what’s best for children in terms of their diets.As a result of the reforms, the cost of school lunches has risen by $0.20-$0.25 per plate. And students don’t like it. In fact, many of them have begun protesting the reforms saying that they’re hungry and the food portions are not enough…’ , Why Does Our Society Look Down On Unemployed Men So Much? http://albertpeia.com/uslooksdownonunemployedmen.htm

The Next Subprime Crisis Is Here: Over $120 Billion In Federal Student Loans In Default ZeroHedge.com , Guest Post: Welcome To The Era of 'Ugly' Inflation

American Media Drums Up Support for War … Again Posted by: George Washington Post date: 09/28/2012 - Israel Versus Iran: What’s REALLY Going On …Will Israel Blow Up Something and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and nobody else came. After all, israel will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good for israel is not so good for the rest of the world, and america particularly. Indeed, israeli agents were caught cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission accomplished? It was rather pathetic if not absurd to see netanayahoo talk about the ‘Iranian red line’ when israel’s past the red line many times over with their illegal nuke program and deployment of in excess of 200 illegal, undeclared nukes. }

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family

http://thetruthwins.com

http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

{ Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive niggers; and non-niggers should be outraged! }

While most of America is suffering through one the worst economic downturns in U.S. history, the Obamas are living the high life at your expense.  During 2011, U.S. taxpayers spent an astounding 1.4 billion dollars on the Obamas.  Meanwhile, British taxpayers only spent 57.8 million dollars on the entire royal family.  Does anyone else see something wrong with this picture?  So where did the 1.4 billion dollars go?  That money paid the salaries of their staff members, it paid for their transportation and housing costs, it paid for entertainment and vacations for the Obamas, and $102,000 was even spent on a "dog handler" for the family dog Bo.  In his new book entitled "Presidential Perks Gone Royal: Your Taxes Are Being Used For Obama's Re-election", author Robert Keith Gray reveals some absolutely shocking details about the enormous amounts of U.S. taxpayer money that are being (Read More....)

Proof Positive Than Central Banks and Central Planning Fail

http://albertpeia.com/proofofcentralbankplanningfailure.htm

9-28-12 Top Five Worst Obamacare Taxes Coming in 2013...
Romney: Debates a Clear Path to Voters...
'We're going to win Pennsylvania'...
SHOCK POLL PA: O 47% R 45%...
Leno Turns: 'We Wasted Four Years Waiting For Obama To Do Something About The Economy' { Yeah, Jay! } ...
HOUSE CHAIRMAN CALLS FOR AMBASSADOR SUSAN RICE'S RESIGNATION...
JAY-Z: I'M WITH OBAMA CAUSE HE'S BLACK...
CHICAGOLAND: Black Gang Member Tells Reporter, 'There Is No Solution To The Violence; Killing Is The Solution'...
Member of 'Obama Boyz' gang charged in St. Louis shootings...
Riots Between Black, Latino Students Break Out At CA High School... { Yeah…Latinos not taking the typical s*** from the niggers! }
'Cops Are Nowhere To Be Seen, 911 Placed People On Hold'...
Anti-mafia judge jailed -- for corruption ...
COPS: Man Vandalizes 6 Churches Because He Was Mad At God... {Oooooh! Guess he really got GOD’s attention…Not! }

MITT DEBATE PLAN: CALL OUT OBAMA LIES... { The question is, do they have enough time to air all; so many lies, so little time! }
GDP revised down to 1.25%...
Durable orders drop 13.2% -- 'worst since recession'...
SANTELLI: 'Depressingly weak'...
Census: Americans' Incomes Have Fallen $3,040 During 'Recovery'...
OBAMA HAS MY VOTE, HE GAVE ME A FREE PHONE...
SEIU Paid Protesters at Romney Cleveland Rally...
'$11 an hour'...
Whoopi Goldberg curses out Ann Coulter over book on race...
UPDATE: 3 ( yes, 3 niggers) arrested in vicious beating on Capitol Hill (Do white/yellow/brown people for O have a death wish? After all, he/holder have protected the violent, anti-white black panthers)...

DICK MORRIS: Romney 'Pulls Ahead'...
Romney: 'Pleased With Some Polls, Less So With Others'...
Romney pays tax rate 'higher than what 97% of Americans pay'...
SURVEY: 55% Of Small-Business Owners Would Not Start Company Today, Blame Obama...
Sebelius to hit campaign trail again -- after breaking election law...
Solution To Michelle Obama's new school lunch menu: SNACK! { Riiiiight! There you go! After all, chimps literally spend all day foraging for munchable snacks in the wild. But, if you’re not a chimp of leisure as moochelle, or just not a chump and busy with other things, ‘three squares’ will just have to do as they always have! }
Post Office Prepares for Second Default in Two Months...
Romney: President Doesn't Want People To Know What Happened In Libya...
Libyan president: Anti-Islam film had 'nothing to do with' attack...
Honeymoon Over as Markets Brace for Volatile Times...

Health Premiums Up $3,000; Obama Vowed $2,500 Cut...
Ralph Nader calls president 'war criminal'...
OBAMA PROCLAIMS FIGHT AGAINST 'SLAVERY' { Desperate nigger desperados playing the familiar nigger card! Send them back to sub-saharan Africa! }
2012: MICHELLE TALKS SLAVERY, SEGREGATION...
'Back when our great-grandparents were riding that Underground Railroad'...
Madonna (the ‘black hand italian’ who stups niggers) threatens to strip naked if Obama re-elected...
Vote for the 'Black Muslim in the White House'...
COMPLAINTS MOUNT AGAINST MICHELLE O'S NEW LUNCH MENU...
'WE ARE HUNGRY'... { Such a diet is based upon her own innate proclivities and projection: ‘…Chimpanzees prefer fruit above all other food items and will even eat them when they are not abundant. It will also eat leaves and leaf buds. Seeds, blossoms, stems, pith, bark and resin make up the rest of their diet…’ }
Senators to Hillary: Show us murdered ambassador's cables...
Libya tense after death of man who caught Gadhafi...
...calls for vengeance
GOP recalls Obama's earlier victory lap...
iPhone muggings up 40% in NYC...

PAPER: Don't believe hype on US 'recovery'...

14 Signs That The World Economy Is Getting Weaker http://albertpeia.com/14signsworldeconomyweaker.htm http://albertpeia.com/joblessclaimspinandreality.gif

Small Business Owners Understand the Economy Better Than Our Fed Chairman

http://albertpeia.com/businessownersknoweconomybetterthanfedben.htm

Netanyahu draws “red line” on Iranian nuclear program

Reuters | Israeli Prime Minister Benjamin Netanyahu drew his “red line” for Iran’s nuclear program on Thursday.

Will Israel Blow Up Something and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and nobody else came. After all, israel will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good for israel is not so good for the rest of the world, and america particularly. Indeed, israeli agents were caught cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission accomplished? It was rather pathetic if not absurd to see netanayahoo talk about the ‘Iranian red line’ when israel’s past the red line many times over with their illegal nuke program and deployment of in excess of 200 illegal, undeclared nukes. }

14 Signs That The World Economy Is Getting Weaker

http://albertpeia.com/14signsworldeconomyweaker.htm

9-27-12 MITT DEBATE PLAN: CALL OUT OBAMA LIES... { The question is, do they have enough time to air all; so many lies, so little time! }
GDP revised down to 1.25%...
Durable orders drop 13.2% -- 'worst since recession'...
SANTELLI: 'Depressingly weak'...
Census: Americans' Incomes Have Fallen $3,040 During 'Recovery'...
OBAMA HAS MY VOTE, HE GAVE ME A FREE PHONE...
SEIU Paid Protesters at Romney Cleveland Rally...
'$11 an hour'...
Whoopi Goldberg curses out Ann Coulter over book on race...
UPDATE: 3 ( yes, 3 niggers) arrested in vicious beating on Capitol Hill (Do white/yellow/brown people for O have a death wish? After all, he/holder have protected the violent, anti-white black panthers)...
IT'S ON!
IOWANS START VOTING FOR PRESIDENT

DICK MORRIS: Romney 'Pulls Ahead'...
Romney: 'Pleased With Some Polls, Less So With Others'...
Romney pays tax rate 'higher than what 97% of Americans pay'...
SURVEY: 55% Of Small-Business Owners Would Not Start Company Today, Blame Obama...
Sebelius to hit campaign trail again -- after breaking election law...
Solution To Michelle Obama's new school lunch menu: SNACK! { Riiiiight! There you go! After all, chimps literally spend all day foraging for munchable snacks in the wild. But, if you’re not a chimp of leisure as moochelle, or just not a chump and busy with other things, ‘three squares’ will just have to do as they always have! }
Post Office Prepares for Second Default in Two Months...
Romney: President Doesn't Want People To Know What Happened In Libya...
Libyan president: Anti-Islam film had 'nothing to do with' attack...
Honeymoon Over as Markets Brace for Volatile Times...

Health Premiums Up $3,000; Obama Vowed $2,500 Cut...
Ralph Nader calls president 'war criminal'...
OBAMA PROCLAIMS FIGHT AGAINST 'SLAVERY' { Desperate nigger desperados playing the familiar nigger card! Send them back to sub-saharan Africa! }
2012: MICHELLE TALKS SLAVERY, SEGREGATION...
'Back when our great-grandparents were riding that Underground Railroad'...
Madonna (the ‘black hand italian’ who stups niggers) threatens to strip naked if Obama re-elected...
Vote for the 'Black Muslim in the White House'...
COMPLAINTS MOUNT AGAINST MICHELLE O'S NEW LUNCH MENU...
'WE ARE HUNGRY'... { Such a diet is based upon her own innate proclivities and projection: ‘…Chimpanzees prefer fruit above all other food items and will even eat them when they are not abundant. It will also eat leaves and leaf buds. Seeds, blossoms, stems, pith, bark and resin make up the rest of their diet…’ }
Senators to Hillary: Show us murdered ambassador's cables...
Libya tense after death of man who caught Gadhafi...
...calls for vengeance
GOP recalls Obama's earlier victory lap...
iPhone muggings up 40% in NYC...

PAPER: Don't believe hype on US 'recovery'...
Pennsylvania Shock Poll: Obama 47% Romney 45%...
FLORIDA POLL: O 48% R 47%...
Veterans retreating from president...
DICK MORRIS: Why The Polls Understate Romney Vote...
Romney Releases 2011 Tax Returns; Paid $1.9 Million on $13.7 in Income...
...donated $4,020,772 to charity
Voluntarily paid more than required...
Harry Reid avoids prior claims...
'TIME TO SHOW YOURS, HARRY'
Zuckerman: Obama Campaign 'Divisive and Dishonest'...
POLL: Distrust in Media Hits New High...
Biden on college cheerleaders: 'The stuff they do on hard wood, it blows my (lobotomized) mind'...
WHITE HOUSE STORY ON LIBYA FALLS APART...
100 DAYS UNTIL LARGEST TAX HIKES IN HISTORY...

There is No Engine For Global Growth Pt 3 (the US) September 26, 2012 http://gainspainscapital.com http://albertpeia.com/theresnoengineforglobalgrowth3.htm Click Here! ‘ { I feel compelled to add here what I felt was more than just a leap of faith by Mr. Summers who has in a recent public issue stated that he believes the biggest frauds on wall street will be brought to justice. Wow! That’s really all I can say. The next thing he might say is that pervasively corrupt, defacto bankrupt america et als, along with the manipulated fraudulent securities markets, are legitimate. Wow! In his fact-filled renderings, focus more on Mr. Summer’s facts, fact-based inferences and conclusions, and less on his unsupportable opinions as, ie., prosecutions of the biggest wall street frauds are acomin’, or that meaningfully lawless america’s suddenly grown scruples. Wow! } ‘In the last few days we’ve assessed how both China and Europe are no longer engines for global growth. So what about the US? By all counts, the latest ISM (a measure of manufacturing in the US) was a complete and total disaster. In August the ISM hit 49. Anything below 50 is considered a recessionary rating.However, things are even worse below the surface. The ISM is made up of several components. Its Production component is back to May 2009 levels. The New Orders component is back to April 2009 levels.And worse of all, Prices Paid is up to 54, up from a reading of just 39 in July. In simple terms this tells us that inflation is hitting “lift off” in the US at the very same time that we are entering a recession that could be on par with that of 2008. And with corn and soybean prices at or near record highs, we could be on the verge of a stagflationary disaster combined with a food crisis at the very same time. We get additional confirmation of a major economic contraction from corporate earnings. Recently we’ve seen earnings forecast cuts from Fed Ex, Bed Bath and Beyond, Proctor and Gamble, Adobe, Starbucks, McDonald’s and more.  Indeed, when you remove financials, S&P 500 earnings FELL year over year for 2Q12. This is hardly indicative of a strong economy. The fact a record number of Americans are on food stamps doesn’t bode well either. And the Rasmussen Employment Index indicates worker confidence is at levels not seen since the FALL OF 2008! All of this, combined with the following:

1)   Median income today is lower than it was during at the end of 2009 (when the recession supposedly ended)

2)   The percentage of Americans on food stamps has increased from 11% to nearly 15%

3)   The average unemployment duration has increased from 30 weeks to nearly 40 weeks

4)   The civilian employment to population ratio hasn’t budged

5)   Industrial production has yet to exceed its former peak (a first in post WW-II “recoveries”)

And this has happened despite the Fed’s massive intervention in the markets/economy…’ , Dave’s Daily: http://www.etfdigest.com EUROZONE CONTAGION RETURNS TO MARKETS

Fed Virtually Funding the Entire US Deficit CNBC | “If this becomes the new ordinary, it’s hard to imagine the Fed’s maneuvering room” should another crisis hit, economist Lindsay said. { Another crisis? Folks, the nation is insurmountably defacto bankrupt, along with a panoply of other problems, not the least of which is pervasive crime and corruption. This is a crisis! } , Chicago Fed Asks "What Are Asset Bubbles" As Its President Calls For Even More QE , Guest Post: Why QE May Not Boost Stocks After All , Europe Goes Pear-Shaped , Gold Holds As Equity Dead-Dog-Bounce Folds , iNflation: Americans Spend Less On Food, Movies To Pay For Soaring Cell Phone Obsession

USPS Bailout Imminent: Postal Service Will Miss September 30 'Mandated' Payment

Color us unsurprised by this litte gem (via Bloomberg):

• *POSTAL SERVICE SAYS IT WON'T MAKE MANDATED PAYMENT ON SEPT. 30
• *POSTAL SERVICE COMMENTS ON HEALTH BENEFITS PAYMENT IN E-MAIL
• *U.S. POSTAL SERVICE SAYS OPERATIONS WON'T BE AFFECTED

Miss a payment here, miss a payment there; never mind. It would appear that everyone wants to be bailed out before the election so they can pledge votes for taxpayer cash…

Quote Of The Day: Iran > US, EU

Today's quote of the day award goes to...

• AHMADINEJAD SAYS SITUATION IN IRAN `NOT SO DIRE'

AHMADINEJAD SAYS IRAN ECONOMY `CERTAINLY BETTER' THAN U.S., EU

Guest Post: Globalist Think Tank Suggests Using Engineered Event As Excuse For War With Iran

California Screaming As 4th Muni Bankruptcy Looms in Atwater

Less Than Expected 31,000 New Homes Sold In August; Dent "Recovery" Meme

Moments ago, the Census Bureau released the August new single-family house sales number: at 373,000 on an annualized basis, it missed expectations of a rise to 380,000, and was down from a revised 374,000. This is only the second miss in 2012, and confirms that all talk of a housing recovery is misguided, and merely represents one particular segment of the housing market: that of existing home sales where buyers have all cash, are price indiscriminate, and are willing to take advantage of the NAR's exemptions from anti-money laundering provisions. I.e., US real estate is merely a place to park cash for those who have obtained it using questionable means. Looking at the number on a non-SAAR basis reveals that only 31,000 actual houses sold in August, of which 3,000 in the Northeast: surely a reason to keep on bidding up the builders into the stratosphere: fear not, actual sales will come. Eventually. Finally, and demonstrating that rich buyers focus primarily on dumping money into existing mansions, was the distribution of purchases by price bucket, which showed a (Z), or under 500 houses sold, in the $750,000+ category. This was the first time there was a (Z) in this bucket since February.

Less Than Expected 31,000 New Homes Sold In August; Dent "Recovery" Meme

Moments ago, the Census Bureau released the August new single-family house sales number: at 373,000 on an annualized basis, it missed expectations of a rise to 380,000, and was down from a revised 374,000. This is only the second miss in 2012, and confirms that all talk of a housing recovery is misguided, and merely represents one particular segment of the housing market: that of existing home sales where buyers have all cash, are price indiscriminate, and are willing to take advantage of the NAR's exemptions from anti-money laundering provisions. I.e., US real estate is merely a place to park cash for those who have obtained it using questionable means. Looking at the number on a non-SAAR basis reveals that only 31,000 actual houses sold in August, of which 3,000 in the Northeast: surely a reason to keep on bidding up the builders into the stratosphere: fear not, actual sales will come. Eventually. Finally, and demonstrating that rich buyers focus primarily on dumping money into existing mansions, was the distribution of purchases by price bucket, which showed a (Z), or under 500 houses sold, in the $750,000+ category. This was the first time there was a (Z) in this bucket since February.

There is No Engine For Global Growth Pt 3 (the US)

http://albertpeia.com/theresnoengineforglobalgrowth3.htm

9-26-12 DICK MORRIS: Romney 'Pulls Ahead'...
Romney: 'Pleased With Some Polls, Less So With Others'...
Romney pays tax rate 'higher than what 97% of Americans pay'...
SURVEY: 55% Of Small-Business Owners Would Not Start Company Today, Blame Obama...
Sebelius to hit campaign trail again -- after breaking election law...
Solution To Michelle Obama's new school lunch menu: SNACK! { Riiiiight! There you go! After all, chimps literally spend all day foraging for munchable snacks in the wild. But, if you’re not a chimp of leisure as moochelle, or just not a chump and busy with other things, ‘three squares’ will just have to do as they always have! }
Post Office Prepares for Second Default in Two Months...
Romney: President Doesn't Want People To Know What Happened In Libya...
Libyan president: Anti-Islam film had 'nothing to do with' attack...
FLAMES OF ANGER SPREAD FROM MADRID TO ATHENS...
GREEK PROTESTS TURN VIOLENT...
SPAIN ROCKED...
COUNTRY 'COULD BREAK APART'...
Honeymoon Over as Markets Brace for Volatile Times...

Health Premiums Up $3,000; Obama Vowed $2,500 Cut...
Ralph Nader calls president 'war criminal'...
OBAMA PROCLAIMS FIGHT AGAINST 'SLAVERY' { Desperate nigger desperados playing the familiar nigger card! Send them back to sub-saharan Africa! }
2012: MICHELLE TALKS SLAVERY, SEGREGATION...
'Back when our great-grandparents were riding that Underground Railroad'...
Madonna (the ‘black hand italian’ who stups niggers) threatens to strip naked if Obama re-elected...
Vote for the 'Black Muslim in the White House'...
COMPLAINTS MOUNT AGAINST MICHELLE O'S NEW LUNCH MENU...
'WE ARE HUNGRY'... { Such a diet is based upon her own innate proclivities and projection: ‘…Chimpanzees prefer fruit above all other food items and will even eat them when they are not abundant. It will also eat leaves and leaf buds. Seeds, blossoms, stems, pith, bark and resin make up the rest of their diet…’ }
Senators to Hillary: Show us murdered ambassador's cables...
Libya tense after death of man who caught Gadhafi...
...calls for vengeance
GOP recalls Obama's earlier victory lap...
iPhone muggings up 40% in NYC...

PAPER: Don't believe hype on US 'recovery'...
Pennsylvania Shock Poll: Obama 47% Romney 45%...
FLORIDA POLL: O 48% R 47%...
Veterans retreating from president...
DICK MORRIS: Why The Polls Understate Romney Vote...
Romney Releases 2011 Tax Returns; Paid $1.9 Million on $13.7 in Income...
...donated $4,020,772 to charity
Voluntarily paid more than required...
Harry Reid avoids prior claims...
'TIME TO SHOW YOURS, HARRY'
Zuckerman: Obama Campaign 'Divisive and Dishonest'...

Dow will repeat 2007-2008 peak-crash cycle Commentary: It’s deja vu as lessons of meltdown go unheeded By Paul B. Farrell, MarketWatch http://albertpeia.com/dowwillrepeatcrashcycle.htm , It's not different this time: The Dow Theory Marketwatch - Oliver Pursche , Quantitative Easing Did Not Work For The Weimar Republic Either http://theeconomiccollapseblog.com http://albertpeia.com/qedidnotworkforweimarrepubliceither.htm [ http://albertpeia.com/moreqesayfraudsonwallstreet.htm { Riiiiight! Anything but reality to thwart their daily fraud, churn-and-earn national debacle. Actually, I think it’s more for the ‘sell the sizzle’ part of their ubiquitous fraud; that fraud inducing ‘hopium thing’ that’s been great for their high frequency algo trade frauds that the rest of the nation/world pays for. What’s really required is prosecution of these huge frauds, incarceration of and disgorgement and fines for the perps, without exception! } ] , QE4? The Big Wall Street Banks Are Already Complaining That QE3 Is Not Enough http://theeconomiccollapseblog.com http://albertpeia.com/moreqesayfraudsonwallstreet.htm , There is No Engine for Global Growth Pt 2 (Europe) September 25, 2012 http://gainspainscapital.com http://albertpeia.com/theresnoengineforglobalgrowth2.htm , Several Exponential Charts ZeroHedge.com 9-25-12 , For China Size, Not Quality, Matters As First Aircraft Carrier Launched , Five SAC Traders Implicated In Insider Trading Case Two years ago nobody would dare touch Steve "Blue Eyes" Cohen's firm. Then we dared to ask some questions. Then the entire expert "information arbitrage" network pyramid got exposed (with a one year delay after ZH) and hedge funds returns aka "alpha", The Declining Economic Freedom Of The United States The United States, long considered the standard bearer for economic freedom among large industrial nations, has experienced a remarkable plunge in economic freedom during the past decade. From 1980 to 2000, the US was generally rated the third freest economy in the world, ranking behind only Hong Kong and Singapore. The ranking of the US has fallen precipitously; from second in 2000 to eighth in 2005 and 19th in 2010. By 2009, the United States had fallen behind Switzerland, Canada, Australia, Chile, and Mauritius, countries that chose not to follow the path of massive growth in government financed by borrowing that is now the most prominent characteristic of US fiscal policy. By 2010, the United States had also fallen behind Finland and Denmark, two European welfare states. Moreover, it now trails Bahrain, the United Arab Emirates, Estonia, Taiwan, and Qatar. The Fraser Institute's massive volume on the Economic Freedom Of The World - based on the following five factors: Size of Government, Legal System & Property Rights, Sound Money, Freedom to Trade Internationally, and Regulation - covers 42 variables with the goal of quantifying the key ingredients of economic freedom.

Nader Calls Obama “War Criminal,” “Worse Than Bush”

Politico | “In the sense that he’s more aggressive, more illegal worldwide.” { In other words, more like a nigger! The blackbama is basically a continuation/progression of war criminal/incompetent bush! }

30 Examples of Why America Is No Longer a Free Country

Paul Joseph Watson | Nanny state is no longer on steroids, it has turned into the Incredible Hulk. { http://albertpeia.com/30examplesusnolongerfree.htm }

GUESS WHERE THESE BEAUTIFUL PICTURES WERE TAKEN … http://albertpeia.com/guess.htm

See if you can guess in which European country all of these beautiful pictures were taken: {0}

The 4 Middle Eastern pictures above are from Saudi Arabia, not Iran. Same thing, you say?   Actually, Saudi Arabia is doing its best to overthrow Iran via terrorism, and is persecuting Christians and Jews much more than Iran.

Maybe we should learn a little bit more before deciding whether or not to bomb Iran?

Especially since the U.S. has been claiming for more than 30 years that Iran was on the verge of nuclear capability, and top American and Israeli defense and intelligence bosses say that bombing Iran will only increase the odds that Iran will actually build a nuclear weapon?

Postscript:   Iran obviously has problems and is far from perfect.  But given the tidal wave of propaganda in the news which is doing everything possible to “demonize the enemy” to justify war, we think it is valuable to provide some balance and perspective.

http://albertpeia.com/guess.htm

Dow will repeat 2007-2008 peak-crash cycle

Commentary: It’s deja vu as lessons of meltdown go unheeded

By Paul B. Farrell, MarketWatch

http://albertpeia.com/dowwillrepeatcrashcycle.htm

Quantitative Easing Did Not Work For The Weimar Republic Either

http://theeconomiccollapseblog.com

http://albertpeia.com/qedidnotworkforweimarrepubliceither.htm

[ http://albertpeia.com/moreqesayfraudsonwallstreet.htm { Riiiiight! Anything but reality to thwart their daily fraud, churn-and-earn national debacle. Actually, I think it’s more for the ‘sell the sizzle’ part of their ubiquitous fraud; that fraud inducing ‘hopium thing’ that’s been great for their high frequency algo trade frauds that the rest of the nation/world pays for. What’s really required is prosecution of these huge frauds, incarceration of and disgorgement and fines for the perps, without exception! } ]

QE4? The Big Wall Street Banks Are Already Complaining That QE3 Is Not Enough

http://theeconomiccollapseblog.com

http://albertpeia.com/moreqesayfraudsonwallstreet.htm

{ Riiiiight! Anything but reality that would thwart their daily fraud, churn-and-earn national debacle. Actually, I think it’s more for the ‘sell the sizzle’ part of their ubiquitous fraud; that fraud inducing ‘hopium thing’ that’s been great for their high frequency algo trade frauds that the rest of the nation/world pays for. What’s really required is prosecution of these huge frauds, incarceration of and disgorgement and fines for the perps, without exception! }

GUESS WHERE THESE BEAUTIFUL PICTURES WERE TAKEN … http://albertpeia.com/guess.htm

See if you can guess in which European country all of these beautiful pictures were taken: {0}

The 4 Middle Eastern pictures above are from Saudi Arabia, not Iran. Same thing, you say?   Actually, Saudi Arabia is doing its best to overthrow Iran via terrorism, and is persecuting Christians and Jews much more than Iran.

Maybe we should learn a little bit more before deciding whether or not to bomb Iran?

Especially since the U.S. has been claiming for more than 30 years that Iran was on the verge of nuclear capability, and top American and Israeli defense and intelligence bosses say that bombing Iran will only increase the odds that Iran will actually build a nuclear weapon?

Postscript:   Iran obviously has problems and is far from perfect.  But given the tidal wave of propaganda in the news which is doing everything possible to “demonize the enemy” to justify war, we think it is valuable to provide some balance and perspective.

http://albertpeia.com/guess.htm

Nader Calls Obama “War Criminal,” “Worse Than Bush”

Politico | “In the sense that he’s more aggressive, more illegal worldwide.” { In other words, more like a nigger! The blackbama is basically a continuation/progression of war criminal/incompetent bush! }

30 Examples of Why America Is No Longer a Free Country

Paul Joseph Watson | Nanny state is no longer on steroids, it has turned into the Incredible Hulk. { http://albertpeia.com/30examplesusnolongerfree.htm }

There is No Engine for Global Growth Pt 2 (Europe)

September 25, 2012 http://gainspainscapital.com

http://albertpeia.com/theresnoengineforglobalgrowth2.htm

[ http://albertpeia.com/moreqesayfraudsonwallstreet.htm { Riiiiight! Anything but reality that would thwart their daily fraud, churn-and-earn national debacle. Actually, I think it’s more for the ‘sell the sizzle’ part of their ubiquitous fraud; that fraud inducing ‘hopium thing’ that’s been great for their high frequency algo trade frauds that the rest of the nation/world pays for. What’s really required is prosecution of these huge frauds, incarceration of and disgorgement and fines for the perps, without exception! } ]

9-25-12 Health Premiums Up $3,000; Obama Vowed $2,500 Cut...
Ralph Nader calls president 'war criminal'...
OBAMA PROCLAIMS FIGHT AGAINST 'SLAVERY' { Desperate nigger desperados playing the familiar nigger card! Send them back to sub-saharan Africa! }
2012: MICHELLE TALKS SLAVERY, SEGREGATION...
'Back when our great-grandparents were riding that Underground Railroad'...
Madonna (the ‘black hand italian’ who stups niggers) threatens to strip naked if Obama re-elected...
Vote for the 'Black Muslim in the White House'...
COMPLAINTS MOUNT AGAINST MICHELLE O'S NEW LUNCH MENU...
'WE ARE HUNGRY'... { Such a diet is based upon her own innate proclivities and projection: ‘…Chimpanzees prefer fruit above all other food items and will even eat them when they are not abundant. It will also eat leaves and leaf buds. Seeds, blossoms, stems, pith, bark and resin make up the rest of their diet…’ }
Senators to Hillary: Show us murdered ambassador's cables...
Libya tense after death of man who caught Gadhafi...
...calls for vengeance
GOP recalls Obama's earlier victory lap...
iPhone muggings up 40% in NYC...

Americans Are Literally Being Worked To Death http://albertpeia.com/americansworkedtodeath.htm { I personally believe a new category of anxiety disorder has arisen in america which probably would fall within the broader genus of ‘obsessive compulsive’;viz., the obsessively compulsive trait being overuse of cell phones/text messaging, etc., in some instances to the point where fingers are literally rendered ‘raw’ from the typing. Such, of course, is famously promoted/encouraged (tweets, etc.) by the media, ‘celebs’, etc., and of course the ‘sellers’ of the China-made gadgets, ie., apple (I-phones, etc.), etc.. And, despite being invariably sympathetic to the plight of kids generally, I really must say it’s really rather startling and pathetic! } , 19 Signs That America Is Being Systematically Transformed Into A Giant Surveillance Grid http://albertpeia.com/usasurveillancegrid.htm , 10 states stealing California's population { Stealing? I don’t think so. There’s really nothing positive to say about california as a (w)hole! Only jersey is worse! http://albertpeia.com/calihole.htm And, as recently as the Reagan ‘80’s that was not nearly the case concerning california which has fallen far and fast. } , There’s No Engine For Global Growth (China Edition) http://albertpeia.com/theresnoengineforglobalgrowth.htm , Get Your Fake Tungsten-Filled Gold Coins Here ZeroHedge.com , Winners Lose As Safety Outperforms UPDATE: CAT is sliding AH after noting higher chance of recession and cuts 2015 EPS guidance from $15-20 to $12-18 , Spanish Military Threatens Treason As Catalonia Seeks Secession Referendum { As an aside, it should be noted that Catalonia is birthplace to my all-time favorite and many of the world’s greatest artists. }

With $1.6 Trillion In FDIC Deposit Insurance Expiring, Are Negative Bill Rates Set To Become The New Normal? , Guest Post: Pavlov's Dogs - An Overview Of Market Risk , Confirming US Dumbification, Verbal SAT Scores Just Hit Record Low , Guest Post: The Greatest Trick The Devil Ever Pulled Never try to teach a pig to sing, advised Robert Heinlein. It wastes your time and it annoys the pig. Similarly, never try to convince a central banker that his policies are destructive

Americans Are Literally Being Worked To Death

http://albertpeia.com/americansworkedtodeath.htm

{ I personally believe a new category of anxiety disorder has arisen in america which probably would fall within the broader genus of ‘obsessive compulsive’;viz., the obsessively compulsive trait being overuse of cell phones/text messaging, etc., in some instances to the point where fingers are literally rendered ‘raw’ from the typing. Such, of course, is famously promoted/encouraged (tweets, etc.) by the media, ‘celebs’, etc., and of course the ‘sellers’ of the China-made gadgets, ie., apple (I-phones, etc.), etc.. And, despite being invariably sympathetic to the plight of kids generally, I really must say it’s really rather startling and pathetic! }

19 Signs That America Is Being Systematically Transformed Into A Giant Surveillance Grid

http://albertpeia.com/usasurveillancegrid.htm

10 states stealing California's population { Stealing? I don’t think so. There’s really nothing positive to say about california as a (w)hole! Only jersey is worse! http://albertpeia.com/calihole.htm And, as recently as the Reagan ‘80’s that was not nearly the case concerning california which has fallen far and fast. }

There’s No Engine For Global Growth (China Edition)

http://albertpeia.com/theresnoengineforglobalgrowth.htm

9-24-12 PAPER: Don't believe hype on US 'recovery'...
Pennsylvania Shock Poll: Obama 47% Romney 45%...
FLORIDA POLL: O 48% R 47%...
Veterans retreating from president...
Romney assails Obama after US ambassador's murder...
'Bumps In The Road'...
Ryan: Middle East looks like '1979 Tehran'...
Slipping away? Obama campaign manager now says DON'T PAY ATTENTION TO 'NATIONAL' POLLS...
GALLUP SATURDAY: O 47% R 47%...
RASMUSSEN: O 46% R 46%...
Pushing 'change' is tougher this time around...
Early voting transforms campaigns...

We're Entering Another Economic Collapse... Right As Inflation Hits LIft Off! Phoenix Capital Research 9-21-12 http://albertpeia.com/economiccollapseplusrisinginflation.htm , 21 Facts About America's Decaying Infrastructure That Will Blow Your Mind http://theeconomiccollapseblog.com http://albertpeia.com/21factsamericasdecayinginfrastructure.htm , 100 DAYS UNTIL LARGEST TAX HIKES IN HISTORY... http://albertpeia.com/taxmaggedon.htm , Dumb money sees a rally, so gird for a dip

Gold And Silver Trump US Equities In Q3 And Year-To-Date , Will Nasdaq Be The Next Casualty Of The SEC's Anti-Latency Arbitrage Push? Back in 2009 Zero Hedge was first the only, and shortly thereafter, one of very few non-conformist voices objecting to pervasive high frequency trading and other type of quantitative market manipulation in the form of Flash Trading (which has recently reemerged in yet another form of frontrunning known as "Hide not Slide" practices) quote stuffing, and naturally latency arbitrage: one of the most subversive means to rob the less than sophisticated investor blind, due to an illegal coordination between market markers, exchanges and regulators, which effectively encouraged a two-tier market (one for the ultra fast frontrunning professionals, and one for everyone else). A week ago we were amused to see that the SEC charged the NYSE with a wristslap, one for $5 million dollars and where the NYSE naturally neither admitted nor denied guilt, accusing it of doing precisely what we said it, and all others, had been doing for years: namely getting paid by wealthy traders, those using the prop data feed OpenBook Ultra and other paid systems, to create and perpetuate a two-tiered market, all the while the regulator, i.e., the SEC was paid to look the other way. This action was nothing but a desperate, and futile, attempt to regain some investor confidence in the market. It has failed, and since said "enforcement" action has done nothing to restore confidence, expect to see more exchanges slapped with fines for actively perpetuating latency arbitrage opportunities for "some" clients. Well, since the SEC will be desperate to come up with more means of "restoring credibility" of both the market and its regulator, another exchange it may want to look at is the NASDAQ, which as Nanex demonstrates, may well have been engaging in comparable (most likely not pro-bono) latency arbitrage benefiting some: those paying for its direct feed aka TotalView, and thus not harming others, or those relying on the Consolidated Feed (UQDF) for data dissemination.

On Santelli's Queasiness About Bernanke's Quantitative-Easiness Between CNBC's Rick Santelli and PIMCO's Mohammed El-Erian, this brief clip succinctly sums up the 'less than ideal' reality of Bernanke's all-in bet and how the world is trying to 'trade' it. Santelli analogizes: "Visualize the biggest fire hose in the world, 20 miles away from a little Geranium plant? Now this hose is going and going and going, and ultimately, that Geranium plant gets a little bit of water but everything around it and leading up to it for miles around is just underwater. That's QE, in my opinion." To which El-Erian retorts: "at what point do you tell investors stop focusing on the benefits and make the collateral damage the investment theme?" It seems, given gold's outperformance, that this is exactly what is occurring as the hose-pipe's flood spills out everywhere.

Art Cashin And Dick Fisher Expose The Farce That America's Corrupt And Bought Congress Has Become Dick Fisher speaks: "Just recently, in a hearing before the Senate, your senator and my Harvard classmate, Chuck Schumer, told Chairman Bernanke, “You are the only game in town.” I thought the chairman showed admirable restraint in his response. I would have immediately answered, “No, senator, you and your colleagues are the only game in town. For you and your colleagues, Democrat and Republican alike, have encumbered our nation with debt, sold our children down the river and sorely failed our nation. Sober up. Get your act together. Illegitimum non carborundum; get on with it. Sacrifice your political ambition for the good of our country—for the good of our children and grandchildren. For unless you do so, all the monetary policy accommodation the Federal Reserve can muster will be for naught.”"

Presenting: President Inflation …regarding wobama/bernanke QE/currency debasement… It seems implicitly that Meyer Rothschild's famous quote: "Let me control a peoples' currency and I care not who makes their laws" has never been more true. Or perhaps, the odds can be gamed to become self-confirming (just as with HFT in stocks) - especially given the volume surge?

Romney releases 2011 tax return, paid IRS 14.1 percent { Average for americans is 13% … let’s talk about wobama’s record … of unequivocal failure … the real, ineluctable and ultimate issue he’s been trying to divert attention from … People must realize the magnitude of wobama’s failure and the unaffordable, insurmountable expense of obfuscation: ‘…those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure...’ ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness ( is now greater than ) $211 trillion’ … ) }

'TIME TO SHOW YOURS, HARRY'

President Obama Falsely Claims Fast and Furious Program "Begun Under the Previous Administration" Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…At some point, his statute of limitations on blaming Bush runs out…’

Obama: Biggest mistake too much perspiration, not enough inspiration [What total b***s***!] { Biggest mistake: too much b***s***, not enough substance; that’s reality, not spin! } White House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm } Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... [ Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against sending the DREAM Act to the Senate floor for full consideration. The bill would have created a path to citizenship for many young illegal immigrants brought to the United States as children. Last week, Obama announced plans to stop deporting illegal immigrants who would have qualified for the DREAM Act. The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama desperation hail mary’ that once again falls short. Indeed, as an investor, one analyzes earnings, projects prospective earnings over a 3-5 year horizon, and the quality of the earnings along macro economic factors which are affected by ‘political considerations’. Does anyone remember the honorable Ross Perot who warned of NAFTA’s effect on american jobs even as the democrat administration et als were hell-bent on passing same? Should Romney have breached his legal duty to shareholders and invested in companies with poor earnings prospects? After all, in the financial / security analysis step of projecting the income statement, prospective labor costs figure prominently in the bottomline. In sum, Romney took conditions as he found them, and made the prudent choices which as per his legal duty were optimal for those who put their trust in him. For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. ]
Will accept your birthday or anniversary gifts, too...

IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES (Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT (Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United States of America while Barack Obama is President.  The evidence is overwhelming:  everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed.  Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each.  Nearly 2-1/2 million fewer Americans have jobs than before the stimulus. Barack Obama has been President for 30 months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.  He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW.  His broken campaign promises are too numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!

Obama: 'We get Virginia, we win' { Well there you go….it’s now a one state Presidential race, winner take all…Wow!...The scary thing is that wobama seems to believe his own b***s***, even when he knows same to be false; as, ie., Dreams, etc.. Another choom gang fantasy? He really insults people’s intelligence. I personally believe, and strong case can be made, that wobama, like fellow chitown pol jackson, jr., suffers from psychological disorder(s). Indeed, at the least, from psychogenic/dissociative amnesia that makes the aforementioned facts beyond the grasp of his ‘current unreality’. I also believe that his heavy near everyday powerful pot (choom) use took its toll on his cognitive functions that have facilitated his outlandish claims and outright fabrications; exactly what the nation cannot afford in these critical/perilous times! }

Obama Blames GOP for Inability to Pass Immigration Reform { Riiiiight! Along with all wobama’s other broken campaign promises, some within his executive branch exclusive control, ie., those promised prosecutions of the biggest wall street frauds that never came, etc.. Always somebody else’s fault according to wobama the no accountability man, who motto is the debased buck stops with anyone but him. How pathetic! }

84 Statistics That Prove The Decline Of The Middle Class Is Real And That It Is Getting Worse

Michael Snyder | The middle class in America is being systematically destroyed.

http://albertpeia.com/84statsdeclinemidclassrealgettingworse.htm

IT’S OFFICIAL: It’s Been Announced That ‘Currency Wars’ Are Back On

Business Insider | Brazilian Finance Minister Mantega has just blasted the Fed’s QE3 policy for setting off “Currency Wars”.

Have the Last 5 Years Been Worse than the Great Depression?

Washington’s Blog | There are many indicators which show that the last 5 years have beenworse than the Great Depression of the 1930s.

America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is > $211 trillion’ …

We're Entering Another Economic Collapse... Right As Inflation Hits LIft Off!

http://albertpeia.com/economiccollapseplusrisinginflation.htm

21 Facts About America's Decaying Infrastructure That Will Blow Your Mind

http://albertpeia.com/21factsamericasdecayinginfrastructure.htm

9-21-12 GALLUP FRIDAY: O 47% R 47%...
DICK MORRIS: Why The Polls Understate Romney Vote...
Romney Releases 2011 Tax Returns; Paid $1.9 Million on $13.7 in Income...
...donated $4,020,772 to charity
Voluntarily paid more than required...
Harry Reid avoids prior claims...
'TIME TO SHOW YOURS, HARRY'
Zuckerman: Obama Campaign 'Divisive and Dishonest'...
POLL: Distrust in Media Hits New High...
Biden on college cheerleaders: 'The stuff they do on hard wood, it blows my (lobotomized) mind'...
WHITE HOUSE STORY ON LIBYA FALLS APART...
100 DAYS UNTIL LARGEST TAX HIKES IN HISTORY... http://albertpeia.com/taxmaggedon.htm

FIRST SERIOUS INTERVIEW: O PRESSED ON FAILURES BY UNIVISION
Romney: Obama's New Slogan 'No, I Can't'...
GALLUP: O 47% R 47%...
Median Income In OH Hits 27-Year Low...
Obama still blames video for Libya attack?
Ramos Rips Away...
'YOU DID NOT KEEP YOUR PROMISE'...
Shouldn't you 'fire' Eric Holder?
Student asks president for advice -- on how to find a job!
PAPER: 'THE OBAMA YOU DON'T KNOW'...‘…But beyond the spin and the polls, a starkly different picture emerges. It is a portrait of a man quite unlike his image, not a visionary reformer but rather a classic Chicago machine pol who thrives on rewarding himself and his friends with the spoils of public office, and who uses his position to punish his enemies. Peter Schweizer captures this other Obama with a bracing statistic in his book "Throw Them All Out," published last year. In the Obama economic stimulus program's Department of Energy loans, companies owned and run by Obama contributors and friends, like Solyndra's George Kaiser, received $16.4 billion. Those not linked to the president got only $4.1 billion. The Energy Department is far from the only federal program in which favoritism has heavily influenced federal grants. To paraphrase Tammany Hall's George Washington Plunkitt, Obama has seen his opportunities and taken them, over and over. - Mark Tapscott / Executive Editor’
Republican senators decry 'useless, worthless' Clinton briefing...
Lewinsky set to reveal Bill Clinton's sex secrets in tell-all book...
'Worst nightmare'...
OBAMACARE TAX TO HIT 6 MILLION
MOSTLY MIDDLE CLASS
RASMUSSEN SWING STATES: R 47% O 46%...

POLL CONFIRMS ROMNEY: OBAMA HAS 47%... { Yes…and the really tragically sad part of that reality for america is that it’s a strategy of theirs, making americans dependant on the government (for food, protection from bogus, self-created/induced bogey men/terror, protection from warranted prosecution as with the largest frauds on wall street, corzine et als, mf global etc.); and not just the poor; viz., ie., the frauds on wall street and their contraindicated QE entitlement along with protection from prosecution for their huge frauds, etc… }
Tax Compliance for Obamacare: 80 Million Hours...
O: 'I ACTUALLY BELIEVE IN REDISTRIBUTION'
Analyst: Fed's 'QE-Infinity' Will Push Gold Up to $2,400...
Mortgage Lending Slides to 16-Year Low...
WSJ: The Data Behind Romney's Comments...
REPORT: Median Income Worse Now Than During 'Great Recession'...
'Unprecedented' Jump in Food Stamps...
8,786,049: Yet Another Record for Americans Collecting Disability...
16 people working for each person collecting..

US credit rating downgraded -- again...
PUMPING BLAMED...
CASH FOR BANKERS: Fed risks political fallout...
Faber: If I Were Bernanke, I Would Resign... { Yeah…but you’re not ‘The Rain Man’ … he’s comfortable there … He’s not insane according to Einstein’s definition; viz., doing the same thing over and over and expecting a different result … He’s just … ‘The Rain Man’ (Doesn’t burnt out bernanke remind you somewhat of Dustin Hoffman in portraying the character of the same name/film? If only he could count like ‘The Rain Man’.) }
Gas Prices More than Double Under Obama: $1.84 to $3.85...
Kids Question Michelle: Where Will They Move When President Loses?
'FULL-BLOWN CRISIS'

ELECTION MANIPULATION: NEW PUMPING BEGINS!! { This is an especially great opportunity to sell this suckers’ market/take profits! Nothing’s been solved! Just because ‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember that ‘no recession call’ of his; and, of course, no QE before the election, prospectively, already discounted many times over by the ‘markets, such as they are, ie., algo buy programs, etc.. ). All this and now ‘whatever’ is too little and too late for the uss Titanic which has taken on too much, not water, but b***s***. This was a desperate move, bespeaking desperation.The fact is things are ominously so bad, and worse than ‘allowed’ to be seen for the moment, that something as this QE which is economically and financially contraindicated and a proven failure for all but the frauds on wall street along with their cohorts including desperate politicos, is resorted to in desperation to divert attention from their unequivocal failure. After all, though having cost so many americans their jobs with wrong calls and policies, bernanke is trying to save his own by inflating the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama rehired failure bernanke, President Romney would have fired, and will fire him … goldman sachs knew this dollar debasing failed policy QE 3 would come and at the expense of the muppets…that’s their term for all you suckers). I further believe this contraindicated largess to the frauds on wall street is to preserve his post fedship tenure job possibilities by ingratiating himself even further with those nefarious, self-serving interest groups. }

Is America The Most Materialistic Society In The History Of The World? http://albertpeia.com/americanmaterialism.htm { When it comes to american fortunes especially; particularly, ie., fraudulent wall street-made fortunes, though there are otherwise some exceptions, that old adage displayed at the beginning of one of Francis Ford Coppola’s masterfully done mafia movies, viz., ‘Behind every fortune a crime’, is apposite. } , The richest and poorest U.S. cities by income http://albertpeia.com/25uscitiesbyincome.htm , 10 Quotes From Financial Experts About The Effect That QE3 Will Have On Gold And Silver http://albertpeia.com/10quotesfromfinancialexpertsreqe.htm

, Forget About QE… I’m Worried About UC September 20, 2012 http://gainspainscapital.com http://albertpeia.com/qeconsequences.htm ‘…Inflation is back in a big way. It’s not going to show up in the official numbers, but if you’ve paid for gas or food or healthcare recently, you’ve no doubt noticed that: A)   Things are a lot more expensive B)   You get way less bang for your buck (food packages are shrinking while prices remain the same) This has been the case for some time now. However, the Fed’s QE 3 program, combined with the ECB’s OMT program, (both of which are “open ended” or “unlimited” in scope), have taken things to a whole new level. Which is why we need to be concerned not with QE, but with UC: Unintended Consequences. The Fed is largely composed of academics with little if any professional/ banking experience. These are people who use flawed data (case in point, the inflation measures in the US are a joke) to build models that they believe explain how reality works…’

10 Quotes From Financial Experts About The Effect That QE3 Will Have On Gold And Silver

Michael Snyder | Do you want to know what QE3 is going to do to the price of gold and the price of silver?

http://albertpeia.com/10quotesfromfinancialexpertsreqe.htm

Is America The Most Materialistic Society In The History Of The World?

http://theeconomiccollapseblog.com

http://albertpeia.com/americanmaterialism.htm

{ When it comes to american fortunes especially; particularly, ie., fraudulent wall street-made fortunes, though otherwise with some exceptions, that old adage displayed at the beginning of one of Francis Ford Coppola’s masterfully done mafia movies, viz., ‘Behind every fortune a crime’, is apposite. }

Forget About QE… I’m Worried About UC

http://albertpeia.com/qeconsequences.htm

‘Let’s just be blunt here.

Inflation is back in a big way. It’s not going to show up in the official numbers, but if you’ve paid for gas or food or healthcare recently, you’ve no doubt noticed that:

A)   Things are a lot more expensive

B)   You get way less bang for your buck (food packages are shrinking while prices remain the same)

This has been the case for some time now. However, the Fed’s QE 3 program, combined with the ECB’s OMT program, (both of which are “open ended” or “unlimited” in scope), have taken things to a whole new level.

Which is why we need to be concerned not with QE, but with UC: Unintended Consequences.

The Fed is largely composed of academics with little if any professional/ banking experience. These are people who use flawed data (case in point, the inflation measures in the US are a joke) to build models that they believe explain how reality works.

Setting aside the math and intelligence used to build these models, pure common sense begs the question, “how can someone who’s never worked in the real world, build a model to explain reality?”

The simple fact is that they can’t… which is why the Fed’s policies have and will continue to unleash a slew of Unintended Consequences.

For instance, QE 2, which saw the Fed spending $600 billion, pushed food prices to record highs, kicking off a wave of riots and civil unrest throughout the Middle East.

So what will QE 3 bring?

The short answer is: nothing pretty. Gas and food prices were already high before the Fed announced QE 3. They will be going much higher in the future (Oil is currently falling based on Saudi Arabia working with the US Government to suppress prices).

Higher inflation means higher operating costs for corporations. Corporate managers (folks with real world experience) will adjust accordingly, most likely by firing people.

Which pushes unemployment even higher.

This is just one example of the slew of Unintended Consequences we’re going to be facing as a result of the Fed’s actions. I’ve detailed several more (all of them far worse than this) in my latest issue of Private Wealth Advisory, published just last night…’

9-20-12 FIRST SERIOUS INTERVIEW: O PRESSED ON FAILURES BY UNIVISION
Romney: Obama's New Slogan 'No, I Can't'...
GALLUP: O 47% R 47%...
Median Income In OH Hits 27-Year Low...
US EMBASSY IN PAKISTAN UNDER SIEGE...
IRAN: Hundreds chant 'Death to France,' 'Down with the U.S.'...
IRAQ: PM condemns U.S. over YOUTUBE anti-Islam film...
INDONESIA: U.S. consulate shut for second day amid protests...
AFGHANISTAN: Hundreds chant anti-American slogans...
Obama still blames video for Libya attack?
Ramos Rips Away...
'YOU DID NOT KEEP YOUR PROMISE'...
Shouldn't you 'fire' Eric Holder?
Student asks president for advice -- on how to find a job!
PAPER: 'THE OBAMA YOU DON'T KNOW'...‘…But beyond the spin and the polls, a starkly different picture emerges. It is a portrait of a man quite unlike his image, not a visionary reformer but rather a classic Chicago machine pol who thrives on rewarding himself and his friends with the spoils of public office, and who uses his position to punish his enemies. Peter Schweizer captures this other Obama with a bracing statistic in his book "Throw Them All Out," published last year. In the Obama economic stimulus program's Department of Energy loans, companies owned and run by Obama contributors and friends, like Solyndra's George Kaiser, received $16.4 billion. Those not linked to the president got only $4.1 billion. The Energy Department is far from the only federal program in which favoritism has heavily influenced federal grants. To paraphrase Tammany Hall's George Washington Plunkitt, Obama has seen his opportunities and taken them, over and over. - Mark Tapscott / Executive Editor’
Republican senators decry 'useless, worthless' Clinton briefing...
Lewinsky set to reveal Bill Clinton's sex secrets in tell-all book...
'Worst nightmare'...
OBAMACARE TAX TO HIT 6 MILLION
MOSTLY MIDDLE CLASS
RASMUSSEN SWING STATES: R 47% O 46%...

POLL CONFIRMS ROMNEY: OBAMA HAS 47%... { Yes…and the really tragically sad part of that reality for america is that it’s a strategy of theirs, making americans dependant on the government (for food, protection from bogus, self-created/induced bogey men/terror, protection from warranted prosecution as with the largest frauds on wall street, corzine et als, mf global etc.); and not just the poor; viz., ie., the frauds on wall street and their contraindicated QE entitlement along with protection from prosecution for their huge frauds, etc… }
Tax Compliance for Obamacare: 80 Million Hours...
O: 'I ACTUALLY BELIEVE IN REDISTRIBUTION'
Analyst: Fed's 'QE-Infinity' Will Push Gold Up to $2,400...
Mortgage Lending Slides to 16-Year Low...
WSJ: The Data Behind Romney's Comments...
REPORT: Median Income Worse Now Than During 'Great Recession'...
'Unprecedented' Jump in Food Stamps...
8,786,049: Yet Another Record for Americans Collecting Disability...
16 people working for each person collecting..

US credit rating downgraded -- again...
PUMPING BLAMED...
CASH FOR BANKERS: Fed risks political fallout...
Faber: If I Were Bernanke, I Would Resign... { Yeah…but you’re not ‘The Rain Man’ … he’s comfortable there … He’s not insane according to Einstein’s definition; viz., doing the same thing over and over and expecting a different result … He’s just … ‘The Rain Man’ (Doesn’t burnt out bernanke remind you somewhat of Dustin Hoffman in portraying the character of the same name/film? If only he could count like ‘The Rain Man’.) }
Gas Prices More than Double Under Obama: $1.84 to $3.85...
Kids Question Michelle: Where Will They Move When President Loses?
'FULL-BLOWN CRISIS'

ELECTION MANIPULATION: NEW PUMPING BEGINS!! { This is an especially great opportunity to sell this suckers’ market/take profits! Nothing’s been solved! Just because ‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember that ‘no recession call’ of his; and, of course, no QE before the election, prospectively, already discounted many times over by the ‘markets, such as they are, ie., algo buy programs, etc.. ). All this and now ‘whatever’ is too little and too late for the uss Titanic which has taken on too much, not water, but b***s***. This was a desperate move, bespeaking desperation.The fact is things are ominously so bad, and worse than ‘allowed’ to be seen for the moment, that something as this QE which is economically and financially contraindicated and a proven failure for all but the frauds on wall street along with their cohorts including desperate politicos, is resorted to in desperation to divert attention from their unequivocal failure. After all, though having cost so many americans their jobs with wrong calls and policies, bernanke is trying to save his own by inflating the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama rehired failure bernanke, President Romney would have fired, and will fire him … goldman sachs knew this dollar debasing failed policy QE 3 would come and at the expense of the muppets…that’s their term for all you suckers). I further believe this contraindicated largess to the frauds on wall street is to preserve his post fedship tenure job possibilities by ingratiating himself even further with those nefarious, self-serving interest groups. }

Drudgereport: 9-19-12

OBAMACARE TAX TO HIT 6 MILLION
MOSTLY MIDDLE CLASS
RASMUSSEN SWING STATES: R 47% O 46%...
wobama doesn't remember how much national debt is...
'I ACTUALLY BELIEVE IN REDISTRIBUTION'...
ROMNEY: 'We believe in free people and free enterprise, not redistribution'...
'I'll deliver recovery, not dependency'...
Deputy takes fall in 'Fast and Furious' probe...
NATO pullback heightens doubts about Afghan plan...
Decision 'shatters implausible claims of progress'...
Another day, another disaster...
Mich SecState: 4,000 noncitizens on voter rolls...
FRANCE TO CLOSE 20 EMBASSIES IN FEAR OF CARTOON BACKLASH
French mag runs drawing of Mohammad naked; riot police stand guard...
Report: 4 injured in Paris explosion at kosher store...

GALLUP: O 47% R 46%...
POLL CONFIRMS ROMNEY: OBAMA HAS 47%... { Yes…and the really tragically sad part of that reality for america is that it’s a strategy of theirs, making americans dependant on the government (for food, protection from bogus, self-created/induced bogey men/terror, protection from warranted prosecution as with the largest frauds on wall street, corzine et als, mf global etc.); and not just the poor; viz., ie., the frauds on wall street and their contraindicated QE entitlement along with protection from prosecution for their huge frauds, etc… }
Tax Compliance for Obamacare: 80 Million Hours...
O: 'I ACTUALLY BELIEVE IN REDISTRIBUTION'
Analyst: Fed's 'QE-Infinity' Will Push Gold Up to $2,400...
Mortgage Lending Slides to 16-Year Low...
WSJ: The Data Behind Romney's Comments...
REPORT: Median Income Worse Now Than During 'Great Recession'...
'Unprecedented' Jump in Food Stamps...
8,786,049: Yet Another Record for Americans Collecting Disability...
16 people working for each person collecting..

US credit rating downgraded -- again...
PUMPING BLAMED...
CASH FOR BANKERS: Fed risks political fallout...
Faber: If I Were Bernanke, I Would Resign... { Yeah…but you’re not ‘The Rain Man’ … he’s comfortable there … He’s not insane according to Einstein’s definition; viz., doing the same thing over and over and expecting a different result … He’s just … ‘The Rain Man’ (Doesn’t burnt out bernanke remind you somewhat of Dustin Hoffman in portraying the character of the same name/film? If only he could count like ‘The Rain Man’.) }
Gas Prices More than Double Under Obama: $1.84 to $3.85...
Kids Question Michelle: Where Will They Move When President Loses?
'FULL-BLOWN CRISIS'

ELECTION MANIPULATION: NEW PUMPING BEGINS!! { This is an especially great opportunity to sell this suckers’ market/take profits! Nothing’s been solved! Just because ‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember that ‘no recession call’ of his; and, of course, no QE before the election, prospectively, already discounted many times over by the ‘markets, such as they are, ie., algo buy programs, etc.. ). All this and now ‘whatever’ is too little and too late for the uss Titanic which has taken on too much, not water, but b***s***. This was a desperate move, bespeaking desperation.The fact is things are ominously so bad, and worse than ‘allowed’ to be seen for the moment, that something as this QE which is economically and financially contraindicated and a proven failure for all but the frauds on wall street along with their cohorts including desperate politicos, is resorted to in desperation to divert attention from their unequivocal failure. After all, though having cost so many americans their jobs with wrong calls and policies, bernanke is trying to save his own by inflating the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama rehired failure bernanke, President Romney would have fired, and will fire him … goldman sachs knew this dollar debasing failed policy QE 3 would come and at the expense of the muppets…that’s their term for all you suckers). I further believe this contraindicated largess to the frauds on wall street is to preserve his post fedship tenure job possibilities by ingratiating himself even further with those nefarious, self-serving interest groups. }

It’s Time to Air Out Ben Bernanke’s Dirty Laundry http://albertpeia.com/rainmanhelicopterbensdirtylaundry.htm , What Mitt Romney Also Said: A Glimpse Of The Endgame? ZeroHedge.com http://albertpeia.com/mittalsosaid.htm , 'Krugman's Kryptonite' Pedro Schwartz On Creating Money Out Of Thin Air "A serious inflationary disaster will only be prevented if governments succeed in reducing their deficits and stop selling bonds"

Norfolk Southern, Adobe Cut Outlook , South African Violence Returns As All Miners Demand Pay Hike , Sentiment Nearing Record Bullishness While we are bombarded with talking heads telling us that there is money-on-the-sidelines and everyone is so bearish with the market climbing a wall of worry, the reality - as we see across multiple asset classes - is that investors are overweight risk assets (e.g. credit investors overweight IG and HY and mutual fund cash at record lows), near-extreme levels of bullishness (AAII and Put-Call Ratios), near extreme levels of non-bearishness (AAII), and yet credit investors believe markets are overvalued (though still buying) even as IG and HY bonds are seeing near-record highs in advance-decline. , Gundlach Is Not A Fan Of Socialism, Thinks Apple Is "Over-Bought" "the obsession with Apple is a truly remarkable social phenomenon - the stock is over-believed and over-bought. There is NO exit for the Fed, QE3 will be ineffective, and it is more likely that the Fed buys all the Treasury bonds that exist." , Guest Post: The Inevitable Decline Of Retail , Prepare For A 15% Food Price Surge, Rabobank Warns The record US, and global, drought has come and gone but its aftereffects are only now going to be felt, at least according to a new Rabobank report, which asserts that food prices are about to soar by 15% or more following mass slaughter of farm animals which will cripple supply once the current inventory of meat is exhausted. From Sky News: "The worst drought in the US for almost a century, combined with droughts in South America and Russia, have hit the production of crops used in animal feed - such as corn and soybeans - especially hard, the report said. As a result farmers have begun slaughtering more pigs and cattle, temporarily increasing the meat supply - but causing a steep rise in the price of meat in the long-term as production slows. "Farmers producing meat are simply not making enough money at the moment because of the high cost of feed," Nick Higgins, commodity analyst at Rabobank, told Sky News. "As a result they will reduce their stock - both by slaughtering more animals and by not replacing them." Somewhat ironically. food prices are now being kept at depressed prices as the "slaughtered" stock clears the market. However once that is gone look for various food-related prices to soar: a process which will likely take place in early 2013, just in time to add to the shock from the Fiscal Cliff, which even assuming a compromise, will detract from the spending capacity of US (and by implication global) consumers. , Guest Post: The Trouble With Printing Money , ECB Debasement Is Akin To Work Of Devil – Risk Of “Rapid Currency Depreciation” , August Housing Starts Less Than Expected, Rise From Downward Revised Print , JPY10 Trillion Intervention Half-Life: 5 Hours; Full Fade: 9 Hours , Chinese Protesters Chant "Down With US Imperialists", Attack Car Of US Ambassador In Beijing

It’s Time to Air Out Ben Bernanke’s Dirty Laundry

http://albertpeia.com/rainmanhelicopterbensdirtylaundry.htm

What Mitt Romney Also Said: A Glimpse Of The Endgame?

http://albertpeia.com/mittalsosaid.htm

Drudgereport: 9-19-12

OBAMACARE TAX TO HIT 6 MILLION
MOSTLY MIDDLE CLASS
RASMUSSEN SWING STATES: R 47% O 46%...
wobama doesn't remember how much national debt is...
'I ACTUALLY BELIEVE IN REDISTRIBUTION'...
ROMNEY: 'We believe in free people and free enterprise, not redistribution'...
'I'll deliver recovery, not dependency'...
Deputy takes fall in 'Fast and Furious' probe...
NATO pullback heightens doubts about Afghan plan...
Decision 'shatters implausible claims of progress'...
Another day, another disaster...
Mich SecState: 4,000 noncitizens on voter rolls...
FRANCE TO CLOSE 20 EMBASSIES IN FEAR OF CARTOON BACKLASH
French mag runs drawing of Mohammad naked; riot police stand guard...
Report: 4 injured in Paris explosion at kosher store...

GALLUP: O 47% R 46%...
POLL CONFIRMS ROMNEY: OBAMA HAS 47%... { Yes…and the really tragically sad part of that reality for america is that it’s a strategy of theirs, making americans dependant on the government (for food, protection from bogus, self-created/induced bogey men/terror, protection from warranted prosecution as with the largest frauds on wall street, corzine et als, mf global etc.); and not just the poor; viz., ie., the frauds on wall street and their contraindicated QE entitlement along with protection from prosecution for their huge frauds, etc… }
Tax Compliance for Obamacare: 80 Million Hours...
O: 'I ACTUALLY BELIEVE IN REDISTRIBUTION'
Analyst: Fed's 'QE-Infinity' Will Push Gold Up to $2,400...
Mortgage Lending Slides to 16-Year Low...
WSJ: The Data Behind Romney's Comments...
REPORT: Median Income Worse Now Than During 'Great Recession'...
'Unprecedented' Jump in Food Stamps...
8,786,049: Yet Another Record for Americans Collecting Disability...
16 people working for each person collecting..

US credit rating downgraded -- again...
PUMPING BLAMED...
CASH FOR BANKERS: Fed risks political fallout...
Faber: If I Were Bernanke, I Would Resign... { Yeah…but you’re not ‘The Rain Man’ … he’s comfortable there … He’s not insane according to Einstein’s definition; viz., doing the same thing over and over and expecting a different result … He’s just … ‘The Rain Man’ (Doesn’t burnt out bernanke remind you somewhat of Dustin Hoffman in portraying the character of the same name/film? If only he could count like ‘The Rain Man’.) }
Gas Prices More than Double Under Obama: $1.84 to $3.85...
Kids Question Michelle: Where Will They Move When President Loses?
'FULL-BLOWN CRISIS'

ELECTION MANIPULATION: NEW PUMPING BEGINS!! { This is an especially great opportunity to sell this suckers’ market/take profits! Nothing’s been solved! Just because ‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember that ‘no recession call’ of his; and, of course, no QE before the election, prospectively, already discounted many times over by the ‘markets, such as they are, ie., algo buy programs, etc.. ). All this and now ‘whatever’ is too little and too late for the uss Titanic which has taken on too much, not water, but b***s***. This was a desperate move, bespeaking desperation.The fact is things are ominously so bad, and worse than ‘allowed’ to be seen for the moment, that something as this QE which is economically and financially contraindicated and a proven failure for all but the frauds on wall street along with their cohorts including desperate politicos, is resorted to in desperation to divert attention from their unequivocal failure. After all, though having cost so many americans their jobs with wrong calls and policies, bernanke is trying to save his own by inflating the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama rehired failure bernanke, President Romney would have fired, and will fire him … goldman sachs knew this dollar debasing failed policy QE 3 would come and at the expense of the muppets…that’s their term for all you suckers). I further believe this contraindicated largess to the frauds on wall street is to preserve his post fedship tenure job possibilities by ingratiating himself even further with those nefarious, self-serving interest groups. }

Draghi and Bernanke’s Worst Nightmares Are About to Unfold ‘…they’ve both failed…’ http://albertpeia.com/draghibernankeworstnightmare.htm , MARKET WATCH HEADLINES http://albertpeia.com/marketwatchheadlines.htm , The Federal Reserve Is Systematically Destroying Social Security And The Retirement Plans Of Millions Of Americans http://albertpeia.com/feddestroyingsocialsecurity.htm , Tungsten-Filled 10 Oz Gold Bar Found In The Middle Of Manhattan's Jewelry District ZeroHedge.com It is one thing for tungsten-filled gold bars to appear in the UK, or in Germany: after all out of sight, and across the Atlantic, certainly must mean out of mind, and out of the safe. However, when a 10 ounce 999.9 gold bar bearing the stamp of the reputable Swiss Produits Artistiques Métaux Précieux (PAMP, with owner MTP) and a serial number (serial #038892, likely rehypothecated in at least 10 gold ETFs across the world but that's a different story), mysteriously emerges in the heart of the world's jewerly district located on 47th street in Manhattan, things get real quick. Moments ago, Myfoxny reported that a 10-ounce gold bar costing nearly $18,000 turned out to be a counterfeit. The discovery was made by the dealer Ibrahim Fadl, who bought the PAMP bar in question from a merchant who has sold him real gold before. "But he heard counterfeit gold bars were going around, so he drilled into several of his gold bars worth $100,000 and saw gray tungsten -- not gold. The bar was filled with tungsten, which weighs nearly the same as gold but costs just over a dollar an ounce

Head Of MF Global Equity Derivatives Trading Launches Hedge Fund Several weeks ago we learned that 2011's vaporizer extraordinaire Jon Corzine is contemplating starting his own hedge fund: presumably one that invests all its capital in Italian 2 year bonds, charges 2 and 20, and then disappears when all LP capital blows up in an AUM supernova. Today, we learn that the stigma freeze associated with all other former MF Global trading whizkids has officially melted, as the former head of equity derivatives of MF Global has just launched a new hedge fund.

Some Shocking Perspectives On Inflation And Currency Destruction By None Other Than The Federal Reserve Going back to the FOMC's own archives reveals some truly stunning disclosures arising from none other than the Federal Reserve on the topics of inflation, currency "debauching", money creation, and what it would take for the Communists and Stalin to win. "I agree with you entirely that the Soviet dictators would like to bring about our economic collapse and, as you know, inflation is perhaps the greatest force for arraying the various sectors of a capitalistic economy against each other. John Maynard Keynes stated in his 'Economic Consequences of the Peace' (1919): 'Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency...Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of Society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.'" , The Fed's Financial Repression 'Game'

Fed’s ‘QE-Infinity’ Will Push Gold Up to $2,400: Pro

CNBC | Guy Adami: “Since the Roman Empire, all fiat currencies have ended poorly.”

Max Keiser: Ultimate QE3 Meltdown

Infowars.com | Max Keiser reveals the true financial agenda behind QE3.

How QE3 Will Make The Wealthy Even Wealthier While Causing Living Standards To Fall For The Rest Of Us

Michael Snyder | The mainstream media is hailing QE3 as a great victory for the U.S. economy.

Draghi and Bernanke’s Worst Nightmares Are About to Unfold

http://albertpeia.com/draghibernankeworstnightmare.htm

The Federal Reserve Is Systematically Destroying Social Security And The Retirement Plans Of Millions Of Americans

http://albertpeia.com/feddestroyingsocialsecurity.htm

Drudgereport: 9-18-12 GALLUP: O 47% R 46%...
POLL CONFIRMS ROMNEY: OBAMA HAS 47%... { Yes…and the really tragically sad part of that reality for america is that it’s a strategy of theirs, making americans dependant on the government (for food, protection from bogus, self-created/induced bogey men/terror, protection from warranted prosecution as with the largest frauds on wall street, corzine et als, mf global etc.); and not just the poor; viz., ie., the frauds on wall street and their contraindicated QE entitlement along with protection from prosecution for their huge frauds, etc… }
Tax Compliance for Obamacare: 80 Million Hours...
O: 'I ACTUALLY BELIEVE IN REDISTRIBUTION'
Analyst: Fed's 'QE-Infinity' Will Push Gold Up to $2,400...
Mortgage Lending Slides to 16-Year Low...
WSJ: The Data Behind Romney's Comments...
REPORT: Median Income Worse Now Than During 'Great Recession'...
'Unprecedented' Jump in Food Stamps...
Russia reveals vast diamond source under asteroid crater could supply world market for 3,000 years...
REPORT: NEWSPAPER AD REVENUES COLLAPSE TO 1950 LEVELS...
NYC ranked dirtiest, loudest, rudest city in USA...
Bailout cost counter...
REPORT: For every $1 added to economy, $3 added to debt...
GALLUP: 67% OF DEMS SAY GOVT -- SHOULD DO MORE!
Major Partisan Divide on Appropriate Role...
8,786,049: Yet Another Record for Americans Collecting Disability...
16 people working for each person collecting..

ROMNEY GETS REAL: OBAMA SUPPORTERS 'DEPENDENT ON GOVERNMENT'
GM WANTS OUT OF GOVT; OBAMA SAYS NO...
Bailout cost counter...
REPORT: For every $1 added to economy, $3 added to debt...
GALLUP: 67% OF DEMS SAY GOVT -- SHOULD DO MORE!
Major Partisan Divide on Appropriate Role...
8,786,049: Yet Another Record for Americans Collecting Disability...
16 people working for each person collecting..
Dollar hovers near seven-month low; Euro gains...
inflation fears rise...
New movie features disappointed Obama voters...

US credit rating downgraded -- again...
PUMPING BLAMED...
CASH FOR BANKERS: Fed risks political fallout...
Faber: If I Were Bernanke, I Would Resign... { Yeah…but you’re not ‘The Rain Man’ … he’s comfortable there … He’s not insane according to Einstein’s definition; viz., doing the same thing over and over and expecting a different result … He’s just … ‘The Rain Man’ (Doesn’t burnt out bernanke remind you somewhat of Dustin Hoffman in portraying the character of the same name/film? If only he could count like ‘The Rain Man’.) }
Gas Prices More than Double Under Obama: $1.84 to $3.85...
Kids Question Michelle: Where Will They Move When President Loses?
'FULL-BLOWN CRISIS'

ELECTION MANIPULATION: NEW PUMPING BEGINS!! { This is an especially great opportunity to sell this suckers’ market/take profits! Nothing’s been solved! Just because ‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember that ‘no recession call’ of his; and, of course, no QE before the election, prospectively, already discounted many times over by the ‘markets, such as they are, ie., algo buy programs, etc.. ). All this and now ‘whatever’ is too little and too late for the uss Titanic which has taken on too much, not water, but b***s***. This was a desperate move, bespeaking desperation.The fact is things are ominously so bad, and worse than ‘allowed’ to be seen for the moment, that something as this QE which is economically and financially contraindicated and a proven failure for all but the frauds on wall street along with their cohorts including desperate politicos, is resorted to in desperation to divert attention from their unequivocal failure. After all, though having cost so many americans their jobs with wrong calls and policies, bernanke is trying to save his own by inflating the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama rehired failure bernanke, President Romney would have fired, and will fire him … goldman sachs knew this dollar debasing failed policy QE 3 would come and at the expense of the muppets…that’s their term for all you suckers). I further believe this contraindicated largess to the frauds on wall street is to preserve his post fedship tenure job possibilities by ingratiating himself even further with those nefarious, self-serving interest groups. }

How QE3 Will Make The Wealthy Even Wealthier While Causing Living Standards To Fall For The Rest Of Us http://albertpeia.com/qe3wealthywealthiertherestpoorer.htm , Where We Are and Where We’re Going (Week of September 17, 2012) http://gainspainscapital.com http://albertpeia.com/hereandthere.htm , ‘My sense is [QE3] is going to have a greater effect on inflation and a minimal impact on jobs.’—Jeffrey Lacker President , Richmond Federal Reserve, University of Colorado prediction model points to big Romney win Read more: http://dailycaller.com/2012/08/23/university-of-colorado-prediction-model-points-to-big-romney-win/#ixzz26ZnrMS7E , How China's Rehypothecated "Ghost" Steel Just Vaporized, And What This Means For The World Economy Zerohedge.com , Markets Gone Wild UPDATE: Denial: *WHITE HOUSE'S CARNEY SAYS `NO CHANGE' ON OIL RESERVES , Guest Post: The Fed Has Failed, Failed, Failed , Full Summary Of The Latest In Anti-American Sentiment , Japanese Businesses Shuttering Chinese Facilities As Mainland Anger Spreads , Empire Manufacturing Index Prints At Lowest Since April 2009

How China's Rehypothecated "Ghost" Steel Just Vaporized, And What This Means For The World Economy Zerohedge.com One of the key stories of 2011 was the revelation, courtesy of MF Global, that no asset in the financial system is "as is", and instead is merely a copy of a copy of a copy- rehypothecated up to an infinite number of times (if domiciled in the UK) for one simple reason: there are not enough money-good, credible assets in existence, even if there are more than enough 'secured' liabilities that claim said assets as collateral. And while the status quo is marching on, the Ponzi is rising, and new liabilities are created, all is well; however, the second the system experiences a violent deleveraging and the liabilities have to be matched to their respective assets as they are unwound, all hell breaks loose once the reality sets in that each asset has been diluted exponentially. Naturally, among such assets are not only paper representations of securities, mostly stock and bond certificates held by the DTC's Cede & Co., but physical assets, such as bars of gold held by paper ETFs such as GLD and SLV. In fact, the speculation that the physical precious metals in circulation have been massively diluted has been a major topic of debate among the precious metal communities, and is the reason for the success of such physical-based gold and silver investment vehicles as those of Eric Sprott. Of course, the "other side" has been quite adamant that this is in no way realistic and every ounce of precious metals is accounted for. While that remains to be disproven in the next, and final, central-planner driven market crash, we now know that it is not only precious metals that are on the vaporization chopping block: when it comes to China, such simple assets as simple steel held in inventories, apparently do not exist. , It's Just Getting Stupid! As Cantor's Peter Cecchini notes today "when things are this senseless, a reversion to sensibility will occur again at some point." His view is to be long vol and as the disconnect between the economic cycle and stocks continues to grow, we present three mind-numbing charts of the exuberant hopefulness that is now priced in (oh yeah, aside from AAPL actually selling some iPhones in pre-order). Whether it is earnings hockey-sticks, global growth ramps, or fiscal cliff resolutions, it seems the market can only see the silver-lining. We temper that extreme bullish view with the fact that all the monetary policy good news has to be out now - for Ben hath made it so with QEternity. , Goldman On The Fiscal Cliff: Worse Before It Gets Better As we have explained recently, the US fiscal cliff is a far more important issue 'fundamentally' than the Fed's economic impotence. While most market participants believe some kind of compromise will be reached - in the lame-duck session but not before the election - the possibility of a 3.5% drag on GDP growth is dramatic to say the least in our new normal stagnation. As Goldman notes, the window to address the fiscal cliff ahead of the election has all but closed, the 40% chance of a short-term extension of most current policies is only marginally better than the probability they assign to 'falling off the cliff' at 35%. The base case assumptions and good, bad, and ugly charts of what is possible are concerning especially when a recent survey of asset managers assigned only a 17% chance of congress failing to compromise before year-end. Critically, and not helped by Bernanke's helping hand (in direct opposition to his hopes), resolution of the fiscal cliff will look harder, not easier, to address as we approach the end of the year - and its likely only the market can dictate that direction - as the "consequence is terrible, but bad enough to force a deal, Faber: Own Gold – “Don’t Store It In The U.S., The Fed Will Take It Away From You One Day”

[ Anti-American fury sweeps across an inflamed Muslim world { Despite casting this as being over a film, it’s not just the film; but as well, blowback for innumerable policy missteps that ultimately included direct or indirect acts of violence/aggression. These people are not blind, nor are they utter fools despite america et als’ foolish assumptions and presumptions to the contrary. } QE3: Helicopter Ben Bernanke Makes It Rain Money http://albertpeia.com/debaseddollarfailedstrategy.htm ‘…The course that the Federal Reserve has set us on is utter insanity.  Ben Bernanke can rain money down on us all he wants { because he’s ‘The Rain Man’ }, but it is not going to do much at all to help the real economy.  However, it will definitely hasten the destruction of the U.S. dollar…’

America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is > $211 trillion’

How QE3 Will Make The Wealthy Even Wealthier While Causing Living Standards To Fall For The Rest Of Us

http://albertpeia.com/qe3wealthywealthiertherestpoorer.htm

Where We Are and Where We’re Going (Week of September 17, 2012) September 17, 2012 http://gainspainscapital.com

http://albertpeia.com/hereandthere.htm

9-17-12 ROMNEY GETS REAL: OBAMA SUPPORTERS 'DEPENDENT ON GOVERNMENT'
GM WANTS OUT OF GOVT; OBAMA SAYS NO...
Bailout cost counter...
REPORT: For every $1 added to economy, $3 added to debt...
GALLUP: 67% OF DEMS SAY GOVT -- SHOULD DO MORE!
Major Partisan Divide on Appropriate Role...
8,786,049: Yet Another Record for Americans Collecting Disability...
16 people working for each person collecting..
Dollar hovers near seven-month low; Euro gains...
inflation fears rise...
New movie features disappointed Obama voters...

US credit rating downgraded -- again...
PUMPING BLAMED...
CASH FOR BANKERS: Fed risks political fallout...
Faber: If I Were Bernanke, I Would Resign... { Yeah…but you’re not ‘The Rain Man’ … he’s comfortable there … He’s not insane according to Einstein’s definition; viz., doing the same thing over and over and expecting a different result … He’s just … ‘The Rain Man’ (Doesn’t burnt out bernanke remind you somewhat of Dustin Hoffman in portraying the character of the same name/film? If only he could count like ‘The Rain Man’.) }
Gas Prices More than Double Under Obama: $1.84 to $3.85...
Kids Question Michelle: Where Will They Move When President Loses?
'FULL-BLOWN CRISIS'

ELECTION MANIPULATION: NEW PUMPING BEGINS!! { This is an especially great opportunity to sell this suckers’ market/take profits! Nothing’s been solved! Just because ‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember that ‘no recession call’ of his; and, of course, no QE before the election, prospectively, already discounted many times over by the ‘markets, such as they are, ie., algo buy programs, etc.. ). All this and now ‘whatever’ is too little and too late for the uss Titanic which has taken on too much, not water, but b***s***. This was a desperate move, bespeaking desperation.The fact is things are ominously so bad, and worse than ‘allowed’ to be seen for the moment, that something as this QE which is economically and financially contraindicated and a proven failure for all but the frauds on wall street along with their cohorts including desperate politicos, is resorted to in desperation to divert attention from their unequivocal failure. After all, though having cost so many americans their jobs with wrong calls and policies, bernanke is trying to save his own by inflating the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama rehired failure bernanke, President Romney would have fired, and will fire him … goldman sachs knew this dollar debasing failed policy QE 3 would come and at the expense of the muppets…that’s their term for all you suckers). I further believe this contraindicated largess to the frauds on wall street is to preserve his post fedship tenure job possibilities by ingratiating himself even further with those nefarious, self-serving interest groups. }

The Fed’s QE 3 Program: Short Term Thinking For Long-Term Pain September 14, 2012 http://gainspainscapital.com http://albertpeia.com/shorttermthinkinglongtermpain.htm { The problem is, it’s not even sound short-term thinking. Oh sure, the fraudulent churn and earn markets are loving this, yet some see this ‘non-economic’, costly obfuscating scam for its real effect and detriment; ie., Egan-Jones downgrades U.S. rating on QE3 move , etc.. }

Egan-Jones downgrades U.S. rating on QE3 move By Wallace Witkowski

SAN FRANCISCO (MarketWatch) -- Egan-Jones Ratings Co. said Friday it downgraded its U.S. sovereign rating to AA- from AA on concerns that the Fed's new round of quantitative easing, or QE3, will hurt the U.S. economy. The ratings agency said the Fed's plan of buying $40 billion in mortgage-backed securities a month and keeping interest rates near zero does little to raise GDP, reduces the value of the dollar, and raises the price of commodities. "From 2006 to present, the US's debt to GDP rose from 66% to 104% and will probably rise to 110% a year from today under current circumstances; the annual budget deficit is 8%," Egan-Jones said in a note. "In comparison, Spain has a debt to GDP of 68.5% and an annual budget deficit of 8.5%."

Egan-Jones downgrades U.S. rating to AA- from AA

Inflation worries push TIPS ETF to new high

BREAKING: Mo.'s Truman Bank is year's 42nd U.S. bank failure

U.S. stocks trim rise after U.S. downgrade

Oil briefly tops $100 after Fed stimulus pledge

10 Shocking Quotes About What QE3 Is Going To Do To America http://albertpeia.com/10shocksregardingwhatqe3willdotous.htm

Dave’s Daily: http://etfdigest.com [ Anti-American fury sweeps across an inflamed Muslim world { Despite casting this as being over a film, it’s not just the film; but as well, blowback for innumerable policy missteps that ultimately included direct or indirect acts of violence/aggression. These people are not blind, nor are they utter fools despite america et als’ foolish assumptions and presumptions to the contrary. } ] The Punchline In His Own Words: Bernanke Advocates Blowing Asset Bubbles As The Antidote To Depression ZeroHedge.com { This is an especially great opportunity to sell this suckers’ market/take profits! Nothing’s been solved! Just because ‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember that ‘no recession call’ of his; and, of course, no QE before the election, prospectively, already discounted many times over by the ‘markets, such as they are, ie., algo buy programs, etc.. ). All this and now ‘whatever’ is too little and too late for the uss Titanic which has taken on too much, not water, but b***s***. This was a desperate move, bespeaking desperation.The fact is things are ominously so bad, and worse than ‘allowed’ to be seen for the moment, that something as this QE which is economically and financially contraindicated and a proven failure for all but the frauds on wall street along with their cohorts including desperate politicos, is resorted to in desperation to divert attention from their unequivocal failure. After all, though having cost so many americans their jobs with wrong calls and policies, bernanke is trying to save his own by inflating the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama rehired failure bernanke, President Romney would have fired, and will fire him … goldman sachs knew this dollar debasing failed policy QE 3 would come and at the expense of the muppets…that’s their term for all you suckers). I further believe this contraindicated largess to the frauds on wall street is to preserve his post fedship tenure job possibilities by ingratiating himself even further with those nefarious, self-serving interest groups. }

America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is > $211 trillion’

Stocks Are Not Cheap ZeroHedge.com 9-14-12 Valuations; stocks are cheap; money-on-the-sidelines; everyone's bearish; trend is your friend. We've all heard them and we've all played them but the following charts from Morgan Stanley will at least provide some nuance of sense for those stunned into silence by a market seeing its nominal price surging amid Bernanke blowing bubbles. The headline is - with real rates this low (and staying low for a few more years yet) current P/E multiples are extremely high and even on a long-run empirical basis, hope remains excessive at 22xShiller P/E versus an average 16x. Remember, a long-term investment is a short-term trade gone bad. But it seems for now that you buy because you'll always be able to sell it back higher to the next smarter dumber greater fool.

Guest Post: We Need a New Stock Market

On This Week In History, Gas Prices Have Never Been Higher , Egan Jones Downgrades US From AA To AA- From Egan-Jones, which downgraded the US for the first time ever last July, two weeks ahead of S&P: "Up, up, and away - the FED's QE3 will stoke the stock market and commodity prices, but in our opinion will hurt the US economy and, by extension, credit quality. Issuing additional currency and depressing interest rates via the purchasing of MBS does little to raise the real GDP of the US, but does reduce the value of the dollar (because of the increase in money supply), and in turn increase the cost of commodities (see the recent rise in the prices of energy, gold, and other commodities). The increased cost of commodities will pressure profitability of businesses, and increase the costs of consumers thereby reducing consumer purchasing power. Hence, in our opinion QE3 will be detrimental to credit quality for the US." , Guest Post: QE3 And Bernanke's Folly - Part I , Inflation Expectations Suggest 5% Inflation Is In The Cards ‘…there is a clear lag between the rise in market-implied inflation and it showing up in the unicorn-laden CPI prints [ Actually, it’s just plain understated, and, not the first time they’ve lied … ( Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation .. is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…) ] - what this means is that given the hubris of the Fed yesterday, market expectations of inflation are inferring CPI could rise to over 5% within the next 3 to 6 months. It will surely be difficult for Ben to keep-on-buying ('Finding Nemo'-like) in the face of that kind of 'transitory' rise in real data - though for now, real money remains bid as risk comes off a little (even as the long-bond yield blows 26bps higher this week) - oh and CPI and PPI jump their most in 3 years.’ , Germany Opines: "Obama's Middle East Policy Is in Ruins" , Guest Post: This Is Blowback ZeroHedge.com The YouTube video depicting Mohammed is nothing more than the straw that broke the camel’s back. This kind of violent uprising against American power and interests in the region has been a long time in the making. It is not just the continuation of drone strikes which often kill civilians in Pakistan, Yemen, Somalia and Afghanistan, either. Nor is it the American invasions and occupations of Iraq and Afghanistan. Nor is it the United States and the West’s support for various deeply unpopular regimes such as the monarchies in Bahrain and Saudi Arabia (and formerly Iran). Nor is it that America has long favoured Israel over the Arab states, condemning, invading and fomenting revolution in Muslim nations for the pursuit of nuclear weapons while turning a blind eye to Israel’s nuclear weapons and its continued expansion into the West Bank.

Anti-American fury sweeps across an inflamed Muslim world { Despite casting this as being over a film, it’s not just the film; but as well, blowback for innumerable policy missteps that ultimately included direct or indirect acts of violence/aggression. These people are not blind, nor are they utter fools despite america et als’ foolish assumptions and presumptions to the contrary. [ Guest Post: This Is Blowback ZeroHedge.com The YouTube video depicting Mohammed is nothing more than the straw that broke the camel’s back. This kind of violent uprising against American power and interests in the region has been a long time in the making. It is not just the continuation of drone strikes which often kill civilians in Pakistan, Yemen, Somalia and Afghanistan, either. Nor is it the American invasions and occupations of Iraq and Afghanistan. Nor is it the United States and the West’s support for various deeply unpopular regimes such as the monarchies in Bahrain and Saudi Arabia (and formerly Iran). Nor is it that America has long favoured Israel over the Arab states, condemning, invading and fomenting revolution in Muslim nations for the pursuit of nuclear weapons while turning a blind eye to Israel’s nuclear weapons and its continued expansion into the West Bank. ] }

Romney and the GOP still toe the Bush line Republican leaders are sick and tired of Democrats blaming all the nation's problems on George W. Bush, and of being tarnished by the former president's legacy. { The problem for the democrats is that, unfortunately for the nation and world, wobama’s essentially followed dumbya bush’s failed legacy with few exceptions (ie., wobama/holder’s predisposed contraindicated favoritism/bias towards blacks including black panthers, etc.). Indeed, many within ‘the fold’ include ‘bush men’ (ie., mueller, bernanke, etc.); and comparable failed policies as, ie., protracted unnecessary war, profligate spending worse than bush, rule by proclamation/executive orders, no prosecution of huge wall street frauds, etc., all contrary to campaign promises/b***s*** that got him elected, a mistake that won’t be repeated this time around. }

Drudgereport: US credit rating downgraded -- again...
PUMPING BLAMED...
CASH FOR BANKERS: Fed risks political fallout...
Faber: If I Were Bernanke, I Would Resign... { Yeah…but you’re not ‘The Rain Man’ … he’s comfortable there … He’s not insane according to Einstein’s definition; viz., doing the same thing over and over and expecting a different result … He’s just … ‘The Rain Man’ (Doesn’t burnt out bernanke remind you somewhat of Dustin Hoffman in portraying the character of the same name/film? If only he could count like ‘The Rain Man’.) }
Gas Prices More than Double Under Obama: $1.84 to $3.85...
Kids Question Michelle: Where Will They Move When President Loses?
'FULL-BLOWN CRISIS'
JITS: CAMPUSES EVACUATED, CLASSES CANCELED BY 'AL QAEDA THREAT'...
Terror scare in Kansas City...
North Dakota State University bomb threat...
'Unspecified' threat at Valparaiso University...
Nuke Reactor Evacuated In Austin...
ELECTION MANIPULATION: NEW PUMPING BEGINS!! { This is an especially great opportunity to sell this suckers’ market/take profits! Nothing’s been solved! Just because ‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember that ‘no recession call’ of his; and, of course, no QE before the election, prospectively, already discounted many times over by the ‘markets, such as they are, ie., algo buy programs, etc.. ). All this and now ‘whatever’ is too little and too late for the uss Titanic which has taken on too much, not water, but b***s***. This was a desperate move, bespeaking desperation.The fact is things are ominously so bad, and worse than ‘allowed’ to be seen for the moment, that something as this QE which is economically and financially contraindicated and a proven failure for all but the frauds on wall street along with their cohorts including desperate politicos, is resorted to in desperation to divert attention from their unequivocal failure. After all, though having cost so many americans their jobs with wrong calls and policies, bernanke is trying to save his own by inflating the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama rehired failure bernanke, President Romney would have fired, and will fire him … goldman sachs knew this dollar debasing failed policy QE 3 would come and at the expense of the muppets…that’s their term for all you suckers). I further believe this contraindicated largess to the frauds on wall street is to preserve his post fedship tenure job possibilities by ingratiating himself even further with those nefarious, self-serving interest groups. }

Romney Calls Obama Response: 'Disgraceful'...
Muslims Attack US Embassies...
Mobs with guns and rocket-propelled grenades...
FLASHBACK: Hillary Clinton boast on Gaddafi: 'We came, we saw, he died'...
PROTEST: $9 gallon for gas in NY and NJ...

Median income lowest since 1995...
Lower class grows...
Why did Obama use N-word to describe his grandfather?
Suspected Bank Robbers Toss Cash Out Window During Police Chase...
VIDEO... { A neighborhood nigger in response to a reporter lauded the criminal acts of the armed niggers saying they brought cash into the neighborhood where (other niggers) ‘people’ are hurting. Isn’t that among the typical rationalizations that underlie every dastardly deed perpetrated by the uncivilized niggers? The niggerized DOJ under holder/obama similarly finds ways to rationalize not prosecuting as promised; ie., biggest frauds on wall street, mfglobal/jon corzine, defense of and protection for black panthers, etc.. How can people wonder why this nation’s crumbling? }

ROMNEY: 'Forwarned' is better than 'forward''... { Sampling some of the network talking head roundtables over the weekend I was astounded how many wobamanoid apologists talked up the dismal, paltry private jobs, many part-time or low-pay, without mention of the record insurmountable $5 trillion increase in the deficit to create them for the purpose of obfuscating wobama’s blatantly failed performance as potus. Such people, either so partisan, so unschooled in the relevant disciplines, so ill-prepared for the journalistic task entrusted to them, literally have no defendable place in the field of real journalism and are an embarrassment to all that journalism purports to be. }
DICK MORRIS: Obama Thugs Rough Up GALLUP For Polls They Don't Like...

POLL: O 49% R 45%... reuters/ipsos – the socialist/communist pollsters…they have a lot at stake…look at their socialist europe and left-leaning city bases. Their polls can’t change what already is!
DEMS SOFT ON WALL STREET CRIMES...

Graham Eats Humble Pie September 13, 2012 http://gainspainscapital.com { This is an especially great opportunity to sell this suckers’ market/take profits! Nothing’s been solved! Just because ‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember that ‘no recession call’ of his; and, of course, no QE before the election, prospectively, already discounted many times over by the ‘markets, such as they are, ie., algo buy programs, etc.. ). All this and now ‘whatever’ is too little and too late for the uss Titanic which has taken on too much, not water, but b***s***. This was a desperate move, bespeaking desperation.The fact is things are ominously so bad, and worse than ‘allowed’ to be seen for the moment, that something as this QE which is economically and financially contraindicated and a proven failure for all but the frauds on wall street along with their cohorts including desperate politicos, is resorted to in desperation to divert attention from their unequivocal failure. After all, though having cost so many americans their jobs with wrong calls and policies, bernanke is trying to save his own by inflating the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama rehired failure bernanke, President Romney would have fired, and will fire him … goldman sachs knew this dollar debasing failed policy QE 3 would come and at the expense of the muppets…that’s their term for all you suckers). I further believe this contraindicated largess to the frauds on wall street is to preserve his post fedship tenure job possibilities by ingratiating himself even further with those nefarious, self-serving interest groups. } {Alas, poor Graham…}

QE3: Helicopter Ben Bernanke Makes It Rain Money http://albertpeia.com/debaseddollarfailedstrategy.htm ‘…The course that the Federal Reserve has set us on is utter insanity.  Ben Bernanke can rain money down on us all he wants, but it is not going to do much at all to help the real economy.  However, it will definitely hasten the destruction of the U.S. dollar…’

I THINK IT IS TIME TO RECOGNIZE THAT BERNANKE IS TOTALLY BURNED OUT IF NOT ABSOLUTELY INSANE (YOU RECALL THOSE PROPAGANDA ROUNDS AT THE SCHOOLS, ETC.; THOSE CAPTIVE AUDIENCES WHO COULDN’T CARE LESS). HE IS TOTALLY INCOMPETENT! THE FACT IS, BEYOND THE BLATANT FAILURE OF HIS CONSISTENTLY FAILED POLICIES, HE STILL TALKS OF ‘GROWTH’ AS BEING SOMETHING OTHER THAN THE INFLATIONARY IMPACT OF INFLATIONARY QE AND UNDERSTATED INFLATION AND HIGHER PRICES THEREBY. IT’S REALLY QUITE INCREDIBLE THAT ANYONE BELIEVES ANY OF THEIR B***S***!

QE3: Helicopter Ben Bernanke Makes It Rain Money

http://albertpeia.com/debaseddollarfailedstrategy.htm

9-13-12 ELECTION MANIPULATION: NEW PUMPING BEGINS!! { This is an especially great opportunity to sell this suckers’ market/take profits! Nothing’s been solved! Just because ‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember that ‘no recession call’ of his; and, of course, no QE before the election, prospectively, already discounted many times over by the ‘markets, such as they are, ie., algo buy programs, etc.. ). All this and now ‘whatever’ is too little and too late for the uss Titanic which has taken on too much, not water, but b***s***. This was a desperate move, bespeaking desperation.The fact is things are ominously so bad, and worse than ‘allowed’ to be seen for the moment, that something as this QE which is economically and financially contraindicated and a proven failure for all but the frauds on wall street along with their cohorts including desperate politicos, is resorted to in desperation to divert attention from their unequivocal failure. After all, though having cost so many americans their jobs with wrong calls and policies, bernanke is trying to save his own by inflating the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama rehired failure bernanke, President Romney would have fired, and will fire him … goldman sachs knew this dollar debasing failed policy QE 3 would come and at the expense of the muppets…that’s their term for all you suckers). I further believe this contraindicated largess to the frauds on wall street is to preserve his post fedship tenure job possibilities by ingratiating himself even further with those nefarious, self-serving interest groups. }
STOCKS ROCK...
FED TO USE $40 BILLION A MONTH FOR BOND BUYING...
OPEN ENDED...
ROMNEY ASKED HIM NOT TO DO IT!
REPORT: Feds work month less per year than private sector...
OBAMA GAFFE: WH CLARIFIES EGYPT NO 'ALLY' STATEMENT
ISRAELI ARAB OFFICIAL WARNS OF 'ARMAGEDDON'...
HILLARY TRIES TO COOL THE MOB...
State Dept alerts travelers...
Protesters storm American embassy in Yemen...
US Flags Burned at Tunisia embassy...
New Clashes in Cairo...
Consulate in Berlin evacuated...
Iraqi militia threatens U.S. interests...
'The Most Serious Challenge to Obama'...

Median income lowest since 1995...
Lower class grows...
NEW CLASHES OUTSIDE US EMBASSY IN CAIRO
9/11: AMERICANS KILLED IN LIBYA...
ATTACK 'COORDINATED'...
CIA SAW NO THREATS...
OBAMA WENT TO SLEEP NOT KNOWING WHAT WAS HAPPENING THERE...
**WARNING** **GRAPHIC PHOTO**...
Romney campaign links attacks to failed Middle East policies...
MSNBC asks: 'Who's More Dangerous, the Supreme Leader in Tehran or Netanyahu?'
OBAMA OFF TO VEGAS...
CONVENTION BOUNCE GONE: O 46% R 45%...
U.S. AMBASSADOR TO LIBYA, 3 OTHERS, KILLED IN ATTACK
American Ambassador 'Suffocated To Death'...
**WARNING** **GRAPHIC PHOTO**...
Romney Calls Obama Response: 'Disgraceful'...
Muslims Attack US Embassies...
Mobs with guns and rocket-propelled grenades...
FLASHBACK: Hillary Clinton boast on Gaddafi: 'We came, we saw, he died'...
PROTEST: $9 gallon for gas in NY and NJ...
Why did Obama use N-word to describe his grandfather?
Suspected Bank Robbers Toss Cash Out Window During Police Chase...
VIDEO... { A neighborhood nigger in response to a reporter lauded the criminal acts of the armed niggers saying they brought cash into the neighborhood where (other niggers) ‘people’ are hurting. Isn’t that among the typical rationalizations that underlie every dastardly deed perpetrated by the uncivilized niggers? The niggerized DOJ under holder/obama similarly finds ways to rationalize not prosecuting as promised; ie., biggest frauds on wall street, mfglobal/jon corzine, defense of and protection for black panthers, etc.. How can people wonder why this nation’s crumbling? }

ROMNEY: 'Forwarned' is better than 'forward''... { Sampling some of the network talking head roundtables over the weekend I was astounded how many wobamanoid apologists talked up the dismal, paltry private jobs, many part-time or low-pay, without mention of the record insurmountable $5 trillion increase in the deficit to create them for the purpose of obfuscating wobama’s blatantly failed performance as potus. Such people, either so partisan, so unschooled in the relevant disciplines, so ill-prepared for the journalistic task entrusted to them, literally have no defendable place in the field of real journalism and are an embarrassment to all that journalism purports to be. }
DICK MORRIS: Obama Thugs Rough Up GALLUP For Polls They Don't Like...

POLL: O 49% R 45%... reuters/ipsos – the socialist/communist pollsters…they have a lot at stake…look at their socialist europe and left-leaning city bases. Their polls can’t change what already is!
DEMS SOFT ON WALL STREET CRIMES...
FLASHBACK: CARTER +4 OVER REAGAN IN SEPT 1980 [+8 IN OCT]...
FLASHBACK: DUKAKIS +17 OVER BUSH AFTER DNC 1988...

DICK MORRIS: Advantage Romney...

Where Would the S&P 500 Be Without Fed Intervention? September 12, 2012 http://gainspainscapital.com http://albertpeia.com/snpfed.htm‘We’ve entered a truly dangerous environment in the financial markets. Economic fundamentals are deteriorating rapidly. Consider the US…By all counts, the latest ISM (a measure of manufacturing in the US) was a complete and total disaster. In August the ISM hit 49. Anything below 50 is considered a recessionary rating.However, things are even worse below the surface., Things Are Getting Worse: Median Household Income Has Fallen 4 Years In A Row http://albertpeia.com/thingsworseincomefalls4inarow.htm , Thanks Obama - The Terrorists You Used To Topple Regimes In Egypt And Libya Are Now Attacking Our Embassies http://albertpeia.com/thankswoforblowback.htm , US Totalitarianism Loses Major Battle As Judge Permanently Blocks NDAA's Military Detention Provision Zerohedge.com

US Totalitarianism Loses Major Battle As Judge Permanently Blocks NDAA's Military Detention Provision Zerohedge.com Back in January, Pulitzer winning journalist Chris Hedges sued President Obama and the recently passed National Defense Authorization Act, specifically challenging the legality of the Authorization for Use of Military Force or, the provision that authorizes military detention for people deemed to have "substantially supported" al Qaeda, the Taliban or "associated forces." Hedges called the president's action allowing indefinite detention, which was signed into law with little opposition from either party "unforgivable, unconstitutional and exceedingly dangerous." He attacked point blank the civil rights farce that is the neverending "war on terror" conducted by both parties, targetting whom exactly is unclear, but certainly attaining ever more intense retaliation from foreigners such as the furious attacks against the US consulates in Egypt and Libya. He asked  "why do U.S. citizens now need to be specifically singled out for military detention and denial of due process when under the 2001 Authorization for Use of Military Force the president can apparently find the legal cover to serve as judge, jury and executioner to assassinate U.S. citizens." A few months later, in May, U.S. District Judge Katherine Forrest ruled in favor of a temporary injunction blocking the enforcement of the authorization for military detention. Today, the war againt the true totalitarian terror won a decisive battle, when in a 112-opinion, Judge Forrest turned the temporary injunction, following an appeal by the totalitarian government from August 6, into a permanent one.

Where Would the S&P 500 Be Without Fed Intervention?

September 12, 2012 http://gainspainscapital.com http://albertpeia.com/snpfed.htm

Things Are Getting Worse: Median Household Income Has Fallen 4 Years In A Row

http://albertpeia.com/thingsworseincomefalls4inarow.htm

Drudgereport: 9-11-12 Median income lowest since 1995...
Lower class grows...
NEW CLASHES OUTSIDE US EMBASSY IN CAIRO
9/11: AMERICANS KILLED IN LIBYA...
ATTACK 'COORDINATED'...
CIA SAW NO THREATS...
FOR FIVE HOURS, NO ONE KNEW WHERE AMBASSADOR WAS...
BODY NOT RECOVERED FOR 12 HOURS...
OBAMA WENT TO SLEEP NOT KNOWING WHAT WAS HAPPENING THERE...
**WARNING** **GRAPHIC PHOTO**...
Romney campaign links attacks to failed Middle East policies...
MSNBC asks: 'Who's More Dangerous, the Supreme Leader in Tehran or Netanyahu?'
White House gave 'mixed signals'...
Marines Headed to Libya to Reinforce Security...
PAPER: How Media Turned Obama's Foreign Policy Bungle into a Romney Gaffe...
Open mic catches reporters coordinating questions...
OBAMA OFF TO VEGAS...
CONVENTION BOUNCE GONE: O 46% R 45%...
U.S. AMBASSADOR TO LIBYA, 3 OTHERS, KILLED IN ATTACK
American Ambassador 'Suffocated To Death'...
**WARNING** **GRAPHIC PHOTO**...
Romney Calls Obama Response: 'Disgraceful'...
Muslims Attack US Embassies...
Mobs with guns and rocket-propelled grenades...
FLASHBACK: Hillary Clinton boast on Gaddafi: 'We came, we saw, he died'...
PROTEST: $9 gallon for gas in NY and NJ...
Why did Obama use N-word to describe his grandfather?
Suspected Bank Robbers Toss Cash Out Window During Police Chase...
VIDEO... { A neighborhood nigger in response to a reporter lauded the criminal acts of the armed niggers saying they brought cash into the neighborhood where (other niggers) ‘people’ are hurting. Isn’t that among the typical rationalizations that underlie every dastardly deed perpetrated by the uncivilized niggers? The niggerized DOJ under holder/obama similarly finds ways to rationalize not prosecuting as promised; ie., biggest frauds on wall street, mfglobal/jon corzine, defense of and protection for black panthers, etc.. How can people wonder why this nation’s crumbling? }

ROMNEY: 'Forwarned' is better than 'forward''... { Sampling some of the network talking head roundtables over the weekend I was astounded how many wobamanoid apologists talked up the dismal, paltry private jobs, many part-time or low-pay, without mention of the record insurmountable $5 trillion increase in the deficit to create them for the purpose of obfuscating wobama’s blatantly failed performance as potus. Such people, either so partisan, so unschooled in the relevant disciplines, so ill-prepared for the journalistic task entrusted to them, literally have no defendable place in the field of real journalism and are an embarrassment to all that journalism purports to be. }
DICK MORRIS: Obama Thugs Rough Up GALLUP For Polls They Don't Like...

POLL: O 49% R 45%... reuters/ipsos – the socialist/communist pollsters…they have a lot at stake…look at their socialist europe and left-leaning city bases. Their polls can’t change what already is!
DEMS SOFT ON WALL STREET CRIMES...
FLASHBACK: CARTER +4 OVER REAGAN IN SEPT 1980 [+8 IN OCT]...
FLASHBACK: DUKAKIS +17 OVER BUSH AFTER DNC 1988...

DICK MORRIS: Advantage Romney...
REPORT: GOV'T MOTORS LOSES $49,000 ON EACH CHEVY VOLT...
'The Democrats' GM Fiction'...
Pentagon buys hundreds to 'green up' military...

8.1%
+96,000
368,000 DROPPED OUT
88,921,000 'NOT IN LABOR FORCE'
Milbank: Demigod falls to earth... { After four years of unbridled, unfounded, blind faith in and defense of wobama the b for b***s***, it truly makes my heart soar to see Mr. Milbank finally walk into the light! Indeed, David Bowie (Nicholas Roeg’s ‘Man Who Fell to Earth’), wobama is not; not that even David Bowie could have siphoned/drained the vote as did grifter/conman/parasite obama. Yet, it cannot be denied that nobody, no news organization, not even a government agency did their homework in vetting this complete and utter fraud called ‘barack obama’! } ‘…After a couple of nights at the Time Warner Cable Arena, the convention was to have closed with President Obama’s acceptance speech at the Bank of America Stadium, where convention officials were planning to squeeze nearly 6,000 seats onto the field to expand the stadium’s capacity beyond its usual 74,000. But the speedway event was canceled — ostensibly because of logistical problems but more likely because convention fundraising was running low. Then the Democrats canceled the stadium event in favor of the smaller arena — ostensibly because of “severe thunderstorm” concerns but more likely because they couldn’t be sure enough people would come to fill the stadium.In fact, the forecast hadn’t called for severe weather, and conditions were fine Thursday night. The change caused thousands to be turned away, and the crush of crowds at the arena led authorities at one point to lock down the building for a second straight night – leaving some delegates on the street while lobbyists enjoyed the proceedings inside…’
CLINT SPEAKS: Obama 'greatest hoax ever perpetrated on American people'... { I think Clint is too kind in euphemistically referring to and characterizing wobama as merely a hoax as opposed to the indisputable fraud, grifter, conman that obama most certainly is! }

White House to miss deadline for report on 'fiscal cliff' budget cuts...

O: I'M NOT DONE YET { He’s done! }

Dave’s Daily: http://www.etfdigest.com ‘MARKETS IN WAITING GAME 9-11-12 It was a mix of news Tuesday. The featured story was Moody’s stating they’ll be cutting the U.S. rating one notch if politicians can’t agree on debt reduction plans. Germany’s Schauble piled on stating U.S. debt to GDP ratio was much too high.

What’s the Fed Going to Do? http://gainspainscapital.com

September 11, 2012 http://albertpeia.com/whatsthefedtodo.htm

‘Yesterday we worked through the illusion to the reality of the ECB’s “unlimited” bond purchases, the end result being that we discovered the ECB:

1)   Didn’t announce anything new

2)   Is implementing the same policies it’s tried twice before with no success (see Greece)

3)   Is implementing policies that neither Spain nor Italy will go for…

And finally…

4)   Has solved nothing due to the fact that of the two mega-bailout funds, one has only €65 billion in firepower left and the other has yet to be ratified by Germany

China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar

http://albertpeia.com/debaseddollardown.htm

‘The mainstream media in the United States is almost totally ignoring one of the most important trends in global economics.  This trend is going to cause the value of the U.S. dollar to fall dramatically and it is going to cause the cost of living in the United States to go way up… If we keep debasing our currency like this, at some point the rest of the world is going to decide that China and Russia have been right all along and that we need a new global reserve currency.That day is coming.  It might not come tomorrow or next week or next month but it is definitely coming.

Once the U.S. dollar loses reserve currency status, that will be a major turning point in the history of our country.  We will never fully recover from that, and we will never get back to the same level of prosperity that we are enjoying today.So enjoy spending those dollars while you can.  The party is almost over.’

September 11 – Eleven Years Later (Selected Statistics) ZeroHedge.com On the anniversary of the most emotional day in our collective memory,  here are some key statistics in the interest of truth, justice and the American way: http://albertpeia.com/september11stats.png

September 11 – Eleven Years Later (Selected Statistics) ZeroHedge.com On the anniversary of the most emotional day in our collective memory,  here are some key statistics in the interest of truth, justice and the American way: http://albertpeia.com/september11stats.png , Guest Post: De-Industrialisation And Male Jobs , In Response To Japanese "Antagonism" Over Senkaku Islands, China Dispatches Two Patrol Ships { Wow! Looks like war between China and Japan … Just kidding…Japan versus the 800 pound gorilla in the world?…Japanese command of math/probabilities is not that bad! } , Guest Post: Who Moved My Recession? Lakshman Achutan, ECRI (Economic Cycle Research Institute) made a recession call for the US on September 30, 2011 (and confirmed it multiple times since then). Gary Shilling, titling his August letter “Global Recession”, says “We are already in a global recession {This is correct! }

Drudgereport: 9-11-12 MOODY'S WARNS: US CREDIT RATING COULD BE CUT...
Germany: 'Great Uncertainty' About US Debt...

STRIKING TEACHERS BEGIN TO TURN ON PRESIDENT...
Obama On Track To Have Worst Job Record Since WWII...

Spies press for renewal of broad electronic surveillance law...

MOB STORMS EMBASSY IN CAIRO...
TEAR DOWN AMERICAN FLAG...
BLACK FLAG RAISED...
'There is no God but Allah and Mohammad is his messenger'...

FLASH: US consulate in Libya set on fire...

American reported killed...

ROMNEY: 'Forwarned' is better than 'forward''... { Sampling some of the network talking head roundtables over the weekend I was astounded how many wobamanoid apologists talked up the dismal, paltry private jobs, many part-time or low-pay, without mention of the record insurmountable $5 trillion increase in the deficit to create them for the purpose of obfuscating wobama’s blatantly failed performance as potus. Such people, either so partisan, so unschooled in the relevant disciplines, so ill-prepared for the journalistic task entrusted to them, literally have no defendable place in the field of real journalism and are an embarrassment to all that journalism purports to be. }
DICK MORRIS: Obama Thugs Rough Up GALLUP For Polls They Don't Like...

POLL: O 49% R 45%... reuters/ipsos – the socialist/communist pollsters…they have a lot at stake…look at their socialist europe and left-leaning city bases. Their polls can’t change what already is!
DEMS SOFT ON WALL STREET CRIMES...
FLASHBACK: CARTER +4 OVER REAGAN IN SEPT 1980 [+8 IN OCT]...
FLASHBACK: DUKAKIS +17 OVER BUSH AFTER DNC 1988...

DICK MORRIS: Advantage Romney...
REPORT: GOV'T MOTORS LOSES $49,000 ON EACH CHEVY VOLT...
'The Democrats' GM Fiction'...
Pentagon buys hundreds to 'green up' military...

8.1%
+96,000
368,000 DROPPED OUT
88,921,000 'NOT IN LABOR FORCE'
Milbank: Demigod falls to earth... { After four years of unbridled, unfounded, blind faith in and defense of wobama the b for b***s***, it truly makes my heart soar to see Mr. Milbank finally walk into the light! Indeed, David Bowie (Nicholas Roeg’s ‘Man Who Fell to Earth’), wobama is not; not that even David Bowie could have siphoned/drained the vote as did grifter/conman/parasite obama. Yet, it cannot be denied that nobody, no news organization, not even a government agency did their homework in vetting this complete and utter fraud called ‘barack obama’! } ‘…After a couple of nights at the Time Warner Cable Arena, the convention was to have closed with President Obama’s acceptance speech at the Bank of America Stadium, where convention officials were planning to squeeze nearly 6,000 seats onto the field to expand the stadium’s capacity beyond its usual 74,000. But the speedway event was canceled — ostensibly because of logistical problems but more likely because convention fundraising was running low. Then the Democrats canceled the stadium event in favor of the smaller arena — ostensibly because of “severe thunderstorm” concerns but more likely because they couldn’t be sure enough people would come to fill the stadium.In fact, the forecast hadn’t called for severe weather, and conditions were fine Thursday night. The change caused thousands to be turned away, and the crush of crowds at the arena led authorities at one point to lock down the building for a second straight night – leaving some delegates on the street while lobbyists enjoyed the proceedings inside…’
CLINT SPEAKS: Obama 'greatest hoax ever perpetrated on American people'... { I think Clint is too kind in euphemistically referring to and characterizing wobama as merely a hoax as opposed to the indisputable fraud, grifter, conman that obama most certainly is! }

White House to miss deadline for report on 'fiscal cliff' budget cuts...

O: I'M NOT DONE YET { He’s done! }

Super Mario’s Big Bluff http://albertpeia.com/supermariosbigbluff.htm ‘… In closing, the new ECB program will ultimately prove to be Mario Draghi’s big bluff. By presenting an old, failed program as something “new” and “unlimited” in scope, the ECB has actually shown that it’s essentially out of firepower. Indeed, consider the following…The ECB says it will buy EU sovereign bonds if EU nations apply for bailouts from the EFSF. Spain and Italy (the very countries that need bailouts) are meant to supply 30% of the EFSF’s funding.So this new program involves Spain and Italy bailing themselves out, while simultaneously implementing austerity measures so the ECB will buy their sovereign bonds?!?!Oh, and by the way, the EFSF only has €65 billion in funding left. That will definitely be enough to bailout Spain and Italy, seeing as Greece has received over €200 billion in bailouts is still imploding.On that note, if you are not preparing for a bloodbath in the markets, now is the time to do so. The reality is that the Central Banks are fast losing their grip on the markets. They’ll never admit this publicly, but I can assure you that Bernanke and pals are scared stiff by what’s happening in the banking system right now…’

Food Inflation, Food Shortages And Food Riots Are Coming Michael Snyder | A devastating global food crisis unlike anything we have ever seen in modern times is coming. http://albertpeia.com/foodinflationshortagesriotscoming.htm

The Student Loan Debt Bubble Is Creating Millions Of Modern Day Serfs http://albertpeia.com/studentloandebtserfs.htm , The Real Unemployment Numbers Are Worse Than You Are Being Told http://albertpeia.com/realunemploymentnumbersmuchworse.htm , The Historic Demise Of The Ever-Shrinking Dollar: An Infographic ZeroHedge.com The almighty Dollar is looking less mighty these days. By almost every measure, the purchasing power of the US Dollar is in precipitous decline. The following infographic, whose contents should be well-known to our readers, visualizes the sad state of affairs that the average American seems to have ignored for far too long. And since the whole world is now engaged in the 4th year of all out currency debasement one can safely channel Lester Burnham and say it's "all downhill from here."

The Student Loan Debt Bubble Is Creating Millions Of Modern Day Serfs

http://albertpeia.com/studentloandebtserfs.htm

The Real Unemployment Numbers Are Worse Than You Are Being Told

http://albertpeia.com/realunemploymentnumbersmuchworse.htm

ROMNEY: 'Forwarned' is better than 'forward''... { Sampling some of the network talking head roundtables over the weekend I was astounded how many wobamanoid apologists talked up the dismal, paltry private jobs, many part-time or low-pay, without mention of the record insurmountable $5 trillion increase in the deficit to create them for the purpose of obscuring wobama’s blatantly failed performance as potus. Such people, either so partisan, so unschooled in the relevant disciplines, so ill-prepared for the journalistic task entrusted to them, literally have no defendable place in the field of real journalism and are an embarrassment to all that journalism purports to be. }
DICK MORRIS: Obama Thugs Rough Up GALLUP For Polls They Don't Like...

POLL: O 49% R 45%... reuters/ipsos – the socialist/communist pollsters…they have a lot at stake…look at their socialist europe and left-leaning city bases. Their polls can’t change what already is!
DEMS SOFT ON WALL STREET CRIMES...
FLASHBACK: CARTER +4 OVER REAGAN IN SEPT 1980 [+8 IN OCT]...
FLASHBACK: DUKAKIS +17 OVER BUSH AFTER DNC 1988...

DICK MORRIS: Advantage Romney...
REPORT: GOV'T MOTORS LOSES $49,000 ON EACH CHEVY VOLT...
'The Democrats' GM Fiction'...
Pentagon buys hundreds to 'green up' military...
Gun Sales Surging...
Woodward: A president cornered...
MAG: An Overdose of Hope...

OBAMA PIZZA MAN PLEADS: DON'T BOYCOTT ME!

CHICAGO TEACHERS WALK OUT...
Turn Down 16% Pay Raise...
Have Highest Average Salary In Nation...
Average $76,000 per year before benefits...
SCHOOLS OPEN -- BUT JUST TO SERVE FREE MEALS...
400,000 STUDENTS UNLEASHED...
Cops Pour Onto Streets'...

8.1%
+96,000
368,000 DROPPED OUT
88,921,000 'NOT IN LABOR FORCE'
Milbank: Demigod falls to earth... { After four years of unbridled, unfounded, blind faith in and defense of wobama the b for b***s***, it truly makes my heart soar to see Mr. Milbank finally walk into the light! Indeed, David Bowie (Nicholas Roeg’s ‘Man Who Fell to Earth’), wobama is not; not that even David Bowie could have siphoned/drained the vote as did grifter/conman/parasite obama. Yet, it cannot be denied that nobody, no news organization, not even a government agency did their homework in vetting this complete and utter fraud called ‘barack obama’! } ‘…After a couple of nights at the Time Warner Cable Arena, the convention was to have closed with President Obama’s acceptance speech at the Bank of America Stadium, where convention officials were planning to squeeze nearly 6,000 seats onto the field to expand the stadium’s capacity beyond its usual 74,000. But the speedway event was canceled — ostensibly because of logistical problems but more likely because convention fundraising was running low. Then the Democrats canceled the stadium event in favor of the smaller arena — ostensibly because of “severe thunderstorm” concerns but more likely because they couldn’t be sure enough people would come to fill the stadium.In fact, the forecast hadn’t called for severe weather, and conditions were fine Thursday night. The change caused thousands to be turned away, and the crush of crowds at the arena led authorities at one point to lock down the building for a second straight night – leaving some delegates on the street while lobbyists enjoyed the proceedings inside…’
CLINT SPEAKS: Obama 'greatest hoax ever perpetrated on American people'... { I think Clint is too kind in euphemistically referring to and characterizing wobama as merely a hoax as opposed to the indisputable fraud, grifter, conman that obama most certainly is! }

White House to miss deadline for report on 'fiscal cliff' budget cuts...

O: I'M NOT DONE YET { He’s done! }

NOONAN: 'Stale and empty... he is out of juice'...
OBAMA HAMMERED IN FIRST REVIEWS...
FROM THE LEFT: TOMASKY: Pedestrian and Overconfident...
FROM THE RIGHT: KRAUTHAMMER: 'One Of The Emptiest I Have Ever Heard'...
AP: Obama and the phantom peace dividend...

9-7-12 Dave’s Daily: http://www.etfdigest.com ‘A SPOONFUL OF SUGAR HELPS THE MEDICINE GO DOWN’ 9-7-12 { It really must be emphasized/said, and it has been said infra*, that the west generally, and the u.s. especially, have become unmistakably banana republics meeting all criteria by which such failed forms of political/economic ‘organization’ are denoted. The consistent and persistent focus on the totally fraudulent, manipulated stock markets, fraudulent wall street particularly with contraindicated, failed QE for benefit of wall street frauds only, to the detriment of literally everyone else, viz., taxpayers, main street, etc., has become nothing short of criminally insane! [ ECB INTERVENTION COMMENT DU JOUR: "CLASSIC BANANA REPUBLIC BANKING" Submitted by Tyler Durden on 09/06/2012 http://albertpeia.com/classicbananarepublicbanking.htm . { It bears repeating that never in history have the markets become so disconnected from fundamental finance, valuation, and reality and so completely and utterly fraudulent. I believe that computerization facilitating multiple frauds at lightning speed, over and over again and again along with re-hypothecation of already worthless paper at similar speeds is in part the reason for the prevalence of such fraud along with the breakdown of american among other societies into what yesteryear would have been scorned as ‘banana republics’ without any meaningful rules of law whatsoever and pervasive, almost blatant, corruption at every level. (This is not to blame computers for the bad use they’re put to.) Guest Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words! It’s been my direct experience for quite some time now and is quite a pathetic scenario! } Legendary Investor Jeremy Grantham: America is a Banana Republic Washington’s Blog | Just different bananas perhaps? ] } ‘The ugly employment report of only 96K new jobs vs 125K expected hit markets like a spoonful of sugar—Uncle Sugar. The numbers couldn’t be worse which is why ADP Data and Jobless Claims the previous day doesn’t mean a thing. Ninety million are not in the labor force, 368K people have dropped out of the workforce and the participation rate for men is the lowest since 1948 when most of current readers hadn’t been born. Even the previous data was reduced from 163K to 141K meaning next month’s numbers should be taken with a grain of salt, and not sugar. Forget the slightly lower unemployment rate since with so many dropping off the rolls the real rate is closer to 12% than 8.1%, and that’s generous.

Dave’s Daily: http://www.etfdigest.com ‘A SPOONFUL OF SUGAR HELPS THE MEDICINE GO DOWN’ 9-7-12 { It really must be emphasized/said, and it has been said infra*, that the west generally, and the u.s. especially, have become unmistakably banana republics meeting all criteria by which such failed forms of political/economic ‘organization’ are denoted. The consistent and persistent focus on the totally fraudulent, manipulated stock markets, fraudulent wall street particularly with contraindicated, failed QE for benefit of wall street frauds only, to the detriment of literally everyone else, viz., taxpayers, main street, etc., has become nothing short of criminally insane! [ ECB INTERVENTION COMMENT DU JOUR: "CLASSIC BANANA REPUBLIC BANKING" Submitted by Tyler Durden on 09/06/2012 http://albertpeia.com/classicbananarepublicbanking.htm . { It bears repeating that never in history have the markets become so disconnected from fundamental finance, valuation, and reality and so completely and utterly fraudulent. I believe that computerization facilitating multiple frauds at lightning speed, over and over again and again along with re-hypothecation of already worthless paper at similar speeds is in part the reason for the prevalence of such fraud along with the breakdown of american among other societies into what yesteryear would have been scorned as ‘banana republics’ without any meaningful rules of law whatsoever and pervasive, almost blatant, corruption at every level. (This is not to blame computers for the bad use they’re put to.) Guest Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words! It’s been my direct experience for quite some time now and is quite a pathetic scenario! } Legendary Investor Jeremy Grantham: America is a Banana Republic Washington’s Blog | Just different bananas perhaps? ] } ‘The ugly employment report of only 96K new jobs vs 125K expected hit markets like a spoonful of sugar—Uncle Sugar. The numbers couldn’t be worse which is why ADP Data and Jobless Claims the previous day doesn’t mean a thing. Ninety million are not in the labor force, 368K people have dropped out of the workforce and the participation rate for men is the lowest since 1948 when most of current readers hadn’t been born. Even the previous data was reduced from 163K to 141K meaning next month’s numbers should be taken with a grain of salt, and not sugar. Forget the slightly lower unemployment rate since with so many dropping off the rolls the real rate is closer to 12% than 8.1%, and that’s generous.

*[ ECB INTERVENTION COMMENT DU JOUR: "CLASSIC BANANA REPUBLIC BANKING" Submitted by Tyler Durden on 09/06/2012 http://albertpeia.com/classicbananarepublicbanking.htm . { It bears repeating that never in history have the markets become so disconnected from fundamental finance, valuation, an reality and so completely and utterly fraudulent. I believe that computerization facilitating multiple frauds at lightning speed, over and over again and again along with re-hypothecation of already worthless paper at similar speeds is in part the reason for the prevalence of such fraud along with the breakdown of american among other societies into what yesteryear would have been scorned as ‘banana republics’ without any meaningful rules of law whatsoever and pervasive, almost blatant, corruption at every level. (This is not to blame computers for the bad use they’re put to.) Guest Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words! It’s been my direct experience for quite some time now and is quite a pathetic scenario! } Legendary Investor Jeremy Grantham: America is a Banana Republic Washington’s Blog | Just different bananas perhaps? [ Of course this is absolutely true! And not just from the meaningfully lawless perspective – I had made such a statement on the record in a LA Superior Court Appellate Dept. proceeding in which said court literally ignored the law (the same is true of the costly, plushly accoutered lifetime appointee federal courts) which corrupt courts should indeed be abolished in these difficult economic / budgetary times. Additionally, from pervasive corruption, to debased over-printed currency, to gunboat diplomacy, to total incompetence, etc., america is indeed a banana republic at most.] Guest Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words! It’s been my direct experience for quite some time now and is quite a pathetic scenario! } Legal precedent means nothing. Rule of law means nothing. Free speech means nothing. Their own treaties mean nothing. It’s unbelievable. Anyone in the west who honestly thinks he’s still living in a free society is either a fool or completely out of touch. If that seems too radical an idea, consider that ECUADOR is now the only nation which stands to defend freedom and human rights against an assault from the United States, the United Kingdom, and their spineless allies. The west has just become a giant banana republic. Have you hit your breaking point yet? If not now… when? { { I’m really constrained to interject my own direct experience with the FBI here; and, I must say I do so lamentably. If you want no real results vis-à-vis organized crime which now extends to the upper reaches, highest levels of the corrupt u.s. government, go to the FBI. I discounted the new jersey FBI as just typical corrupt, mob infested jersey which thinks in terms of discos/casinos. But, truth be told, they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their (understated) crime stats for even a second. I’m beginning to feel foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters directly who seem to have at least some sense of the magnitude of the fraud involved and the pervasive corruption of the system and government and maybe a semblance of honor in this nation of protracted decline. It never would have occurred to me back when for me, such a choice/decision was clear-cut and simple. Such a course as mine I no longer could recommend inasmuch as there is little difference between state/government sponsored crime/corruption and that perpetrated by other criminal elements, from my direct experience with both, infra: Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some federal workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the properties in my proceedings for which surplus funds are unaccounted for was a 2 bedroom 1 and 1/2 bath condominium in seaside heights, n.j.). But debauchery an american specialty? Another rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in the illegal drug trade). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city boy louis freeh, labeled by former Prosecutor Larry Klaiman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.

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... security," said JW Chairman Larry Klayman. "His behavior stands in stark contrast to Louis Freeh, a man so corrupt he destroyed the office he led, ...

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“Louis Freeh will finally have to answer in court for what he did to our clients. ... answers,” stated Judicial Watch Chairman and General Counsel Larry Klayman. ...

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May 27, 2000 – By Larry Klayman ... While Judicial Watch has asked FBI Director Louis Freeh to .... lawsuits against a corrupt and unrepentant Clinton-Gore ...

SHARE YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:

The following is my comment to an LA Times article regarding a Justice Department cover-up! As for your inquiry, all I think about day and night is a long overdue resolution to the RICO litigation as set forth therein:

ATF Chief Melson:Justice Department trying to shield officials (LATimes) Serrano

I believe him!

 I truly empathize with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu:   Died February 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]

Here’s some real, complicit cover-up / fraud on the part of the federal government, et als:

October 15, 2010 (*see infra {ultimately delivered by UPS})

 Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024

 Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case  RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages)      [  ricosummarytoFBIunderpenaltyofperjury.pdf   http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf          ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as     fbicorrespondencereyes.htm     .   With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the    RICO VERIFIED COMPLAINT    (see infra). Such includes and as set forth in the case, inter alia,

· A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..

· Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.

· The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages:   [  Shiff Order of Dismissal With Prejudice on Coan’s Failure to File        Page 1                Page 2          ]

· Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [   transcript in pertinent part -     http://albertpeia.com/crossexamofcoanbypeia.pdf    ]

· Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.

· Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.],   Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.

Sincerely,

Albert L. Peia
611 E. 5^th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651 -magic jack}

                       ----------

*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]

Responding to your message

FROM:

· Rep. Lucille Roybal-Allard

TO:

· albert_peia@yahoo.com

Message flagged

Wednesday, November 16, 2011 8:48 AM

Dear Mr. Peia:

Thank you for being in touch.  As we continue the busy first session of the 112^th Congress, I want you to know that I am grateful for the various times you have shared your thoughts and concerns with me on different issues.  Please be assured that your voice is being heard and that your perspective helps me to better represent you in Washington, D.C. 

Sincerely,

LUCILLE ROYBAL-ALLARD
Member of Congress

[ This is a reply to the Congresswoman’s query among others included.]

11-5-11

Dear Congresswoman Roybal-Allard:

The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:

‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’

Sincerely,

Albert L. Peia

America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm

Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

The Criminal Banking Cartel's End Game: A 100% Digital Monetary System

Posted by: smartknowledgeu Post date: 06/07/2012 The end game of this global monetary crisis is the imposition of a 100% digital monetary system that would permanently end what little economic freedoms we still retain today. Educate. Resist. Fight... http://albertpeia.com/criminalcartel.htm { I agree with the thrust of this article which I’ve yet to read in full; if only to emphasize that with a mouse click/button/keystroke/enter you could easily be separated from your money/wealth which is a formidable intimidating threat consistent with planned subservience (and also facilitating manipulated fraud, etc.). And, don’t think they wouldn’t do it, meaningless, arbitrarily enforced laws notwithstanding. Don’t forget; government slugs all have the same employer. I experienced the corruption first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/americangovernmentdrugtrafficking.htm
http://albertpeia.com/americascorruptiondrugtrade.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm }

9-7-12 8.1%
+96,000
FED SET TO PUMP
368,000 DROPPED OUT
88,921,000 'NOT IN LABOR FORCE'
Milbank: Demigod falls to earth... { After four years of unbridled, unfounded, blind faith in and defense of wobama the b for b***s***, it truly makes my heart soar to see Mr. Milbank finally walk into the light! Indeed, David Bowie (Nicholas Roeg’s ‘Man Who Fell to Earth’), wobama is not; not that even David Bowie could have siphoned/drained the vote as did grifter/conman/parasite obama. Yet, it cannot be denied that nobody, no news organization, not even a government agency did their homework in vetting this complete and utter fraud called ‘barack obama’! } ‘…After a couple of nights at the Time Warner Cable Arena, the convention was to have closed with President Obama’s acceptance speech at the Bank of America Stadium, where convention officials were planning to squeeze nearly 6,000 seats onto the field to expand the stadium’s capacity beyond its usual 74,000. But the speedway event was canceled — ostensibly because of logistical problems but more likely because convention fundraising was running low. Then the Democrats canceled the stadium event in favor of the smaller arena — ostensibly because of “severe thunderstorm” concerns but more likely because they couldn’t be sure enough people would come to fill the stadium.In fact, the forecast hadn’t called for severe weather, and conditions were fine Thursday night. The change caused thousands to be turned away, and the crush of crowds at the arena led authorities at one point to lock down the building for a second straight night – leaving some delegates on the street while lobbyists enjoyed the proceedings inside…’
CLINT SPEAKS: Obama 'greatest hoax ever perpetrated on American people'... { I think Clint is too kind in euphemistically referring to and characterizing wobama as merely a hoax as opposed to the indisputable fraud, grifter, conman that obama most certainly is! }

White House to miss deadline for report on 'fiscal cliff' budget cuts...

O: I'M NOT DONE YET { He’s done! }

NOONAN: 'Stale and empty... he is out of juice'...
OBAMA HAMMERED IN FIRST REVIEWS...
FROM THE LEFT: TOMASKY: Pedestrian and Overconfident...
FROM THE RIGHT: KRAUTHAMMER: 'One Of The Emptiest I Have Ever Heard'...
AP: Obama and the phantom peace dividend...

'VOTE BLACK'/‘VOTE NIGGER’ BUTTONS HIT CONVENTION HALL...

Bob Woodward book leaks... Developing...
Debt Deal Collapse Led to 'Pure Fury' From Obama...
Explosive mix of dysfunction, miscommunication, and misunderstandings...
Pelosi 'reached over and pressed mute button on her phone' as Obama talked... MORE

WOODWARD: White House so stunned by 2010 GOP triumph, it didn't even have Boehner's phone number...

Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }

Poll: R 48% O 44%

RASMUSSEN: ROMNEY 47% OBAMA 44%...
GALLUP: ROMNEY 47% OBAMA 46%...

Dem Gov.: We're Not Better Off Now...

GALLUP: Obama Job Approval Drops to 43%...

ECB INTERVENTION COMMENT DU JOUR: "CLASSIC BANANA REPUBLIC BANKING" Submitted by Tyler Durden on 09/06/2012 http://albertpeia.com/classicbananarepublicbanking.htm

Are You Better Off? 40 Statistics That Will Absolutely Shock You

http://albertpeia.com/40statsyourenotbetteroff.htm

9-6-12 O: I'M NOT DONE YET { He’s done! }

NOONAN: 'Stale and empty... he is out of juice'...
OBAMA HAMMERED IN FIRST REVIEWS...
FROM THE LEFT: TOMASKY: Pedestrian and Overconfident...
FROM THE RIGHT: KRAUTHAMMER: 'One Of The Emptiest I Have Ever Heard'...
AP: Obama and the phantom peace dividend...

Reporters Using 'Fake Names' to Buy Campaign Merchandise and Donate at DNC...
DNC delegates: Let's ban corporate profits!

Greek unemployment rises to 24.4%...
Separatism threatens future of Spain...
Hungarian Leader 'Unfriends' IMF on His FACEBOOK Page, Rejects Tough Loan Conditions...

REPORT: San Antonio Mayor Castro 'Doesn't Really Speak Spanish,' Had To Hire Tutor...
Lobotomy Joe’s derivative, hypothetical endorsement from ‘One Step Beyond’: 'My dad respected Barack Obama - would've respected Barack Obama if he'd been around'...

UPDATE: Woman Who Contracted Flesh-Eating Bacteria From Dog Saliva Dies...

'VOTE BLACK'/‘VOTE NIGGER’ BUTTONS HIT CONVENTION HALL...

Bob Woodward book leaks... Developing...
Debt Deal Collapse Led to 'Pure Fury' From Obama...
Explosive mix of dysfunction, miscommunication, and misunderstandings...
Pelosi 'reached over and pressed mute button on her phone' as Obama talked... MORE

WOODWARD: White House so stunned by 2010 GOP triumph, it didn't even have Boehner's phone number...

Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }

Poll: R 48% O 44%

RASMUSSEN: ROMNEY 47% OBAMA 44%...
GALLUP: ROMNEY 47% OBAMA 46%...

Dem Gov.: We're Not Better Off Now...

GALLUP: Obama Job Approval Drops to 43%...

Dave’s Daily: http://www.etfdigest.com ‘TRIAL BALLOONS FROM EUROZONE DOMINATE MARKETS 9-5-12, The Next Round of the EU Implosion is at Our Doorstep September 5, 2012 http://albertpeia.com/nextroundeuimplosionnow.htm , Spot Gold $1700 ZeroHedge.com

Bloomberg FOIA Documents How Wall Street Made A Muppet Of The SEC, Mary Schapiro And Dodd Frank

Submitted by Tyler Durden on 09/05/2012 That the SEC is the most incompetent, corrupt, irrelevant and captured organization "serving" the US public is known by everyone. And while the details of the SEC's glaring lack of capacity to do anything to restore investor confidence in the capital markets, which has become a casino used exclusively by Wall Street to defraud any retail investor still stupid enough to play (which lately a moot point as there have been no material retail inflows into mutual funds in over three years), are scattered, courtesy of Bloomberg we now have the best summary of just how the utterly clueless SEC is a muppet plaything of Wall Street, and together with it, the "grand regulation" that was supposed to keep Wall Street in check, is nothing but what Wall Street demand it to be, and forced the SEC, way over its head on regulation, to accept every change, that the very banks that are supposed to be regulated, demands as part of Dodd-Frank reforms. In short: everything we know about Wall Street 'regulation' has been a farce, and a lie, exclusively thanks to corruption rampant at the now documentedly incompetent Securities And Exchange Commission.

$83,046 For A 3 Hour Hospital Visit - Why Are Hospital Bills So Outrageous?

http://albertpeia.com/outrageoushospitalbills.htm

Some Of The Really Bad Things That Could Happen If You Do Not Prepare For The Coming Economic Collapse

http://albertpeia.com/beprepared.htm

Did Obama Just Make A Deal With Israel To Delay The War With Iran Until After The Election?

http://albertpeia.com/wobamadeals.htm

The Next Round of the EU Implosion is at Our Doorstep

September 5, 2012 http://albertpeia.com/nextroundeuimplosionnow.htm

$83,046 For A 3 Hour Hospital Visit - Why Are Hospital Bills So Outrageous?

http://albertpeia.com/outrageoushospitalbills.htm

9-5-12 Drudgereport: Dems Ram 'God' and Jerusalem Back into Platform...
VIDEO...
Delegates at convention boo, hiss, jeer...
REPORT: Obama had seen language prior to convention 'but did not seek to change it'...
HALL DIVIDED...
Jewish, Palestinian Leaders Fume...
Romney: 'I think it's a very sad day'...

THEY BOOED PUTTING GOD BACK!

'VOTE BLACK'/‘VOTE NIGGER’ BUTTONS HIT CONVENTION HALL...

Bob Woodward book leaks... Developing...
Debt Deal Collapse Led to 'Pure Fury' From Obama...
Explosive mix of dysfunction, miscommunication, and misunderstandings...
Pelosi 'reached over and pressed mute button on her phone' as Obama talked... MORE

WOODWARD: White House so stunned by 2010 GOP triumph, it didn't even have Boehner's phone number...

Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }

Poll: R 48% O 44%

RASMUSSEN: ROMNEY 47% OBAMA 44%...
GALLUP: ROMNEY 47% OBAMA 46%...

Dem Gov.: We're Not Better Off Now...

GALLUP: Obama Job Approval Drops to 43%...

Dave’s Daily: http://www.etfdigest.com ‘ALGO DRIVEN TRADING DOMINATES TUESDAY 9-4-12 The basic news on the day was universally poor and the market reacted negatively, even logically. But as the day wore on the trusty 2:15 PM Buy Program Express took the lead and pushed markets higher. It can only be the result of the ongoing “bad news is good” theme indicating more QE must be on the way. And, let’s face it, our crack addicted trading desks believe in the Bernanke Put and the global central bank put. It’s quite apparent reading the news from China this morning as pundits were universally calling for more PBOC stimulus—it’s QE contagion. Moody’s cut their European outlook to negative …’ , 18 Indications That Europe Has Become An Economic Black Hole Which Is Going To Suck The Life Out Of The Global Economy http://albertpeia.com/18indicationseuropesuckinglifeofglobaleconomy.htm , THREE CHARTS TO WATCH FOR SIGNS OF WHAT’S TO COME http://albertpeia.com/3chartstowatchwhatscoming.htm , Economic Failure: 58 Percent Of The Jobs Being Created Are Low Paying Jobs http://albertpeia.com/oecofailureandlowpayjobs.htm , 19 Signs That Israel And Iran Are On The Verge Of War http://albertpeia.com/israeliranonvergeofwar.htm

Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. Obama: Biggest mistake too much perspiration, not enough inspiration [What total b***s***!] { Biggest mistake: too much b***s***, not enough substance; that’s reality, not spin! } White House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm } Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... [ Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against sending the DREAM Act to the Senate floor for full consideration. The bill would have created a path to citizenship for many young illegal immigrants brought to the United States as children. Last week, Obama announced plans to stop deporting illegal immigrants who would have qualified for the DREAM Act. The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama desperation hail mary’ that once again falls short. Indeed, as an investor, one analyzes earnings, projects prospective earnings over a 3-5 year horizon, and the quality of the earnings along macro economic factors which are affected by ‘political considerations’. Does anyone remember the honorable Ross Perot who warned of NAFTA’s effect on american jobs even as the democrat administration et als were hell-bent on passing same? Should Romney have breached his legal duty to shareholders and invested in companies with poor earnings prospects? After all, in the financial / security analysis step of projecting the income statement, prospective labor costs figure prominently in the bottomline. In sum, Romney took conditions as he found them, and made the prudent choices which as per his legal duty were optimal for those who put their trust in him. For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. ]
Will accept your birthday or anniversary gifts, too...

IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES (Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT (Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United States of America while Barack Obama is President.  The evidence is overwhelming:  everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed.  Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each.  Nearly 2-1/2 million fewer Americans have jobs than before the stimulus. Barack Obama has been President for 30 months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.  He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW.  His broken campaign promises are too numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!

Poll: R 48% O 44%

RASMUSSEN: ROMNEY 47% OBAMA 44%...
GALLUP: ROMNEY 47% OBAMA 46%...

Dem Gov.: We're Not Better Off Now...

GALLUP: Obama Job Approval Drops to 43%...
PROTESTERS VOW BIGGER CROWDS IN CHARLOTTE...
'Occupy' encampment re-opens near Dem convention...
DNC security rules trigger free speech worries...

KING: Obama presidency has been time of deep Dem decline...
Frustrated union leader throws empty chair...

RECORD-HIGH LABOR DAY GAS PRICES GREET DEMS IN CHARLOTTE...

RYAN: President 'running campaign based on envy and division'...

GOP launches 'Obama Isn't Working' message...

SUNDAY: Dem Gov. -- We're Not Better Off Now...
MONDAY: 'We're Clearly Better Off'...

BIDEN: 'If It Weren't So Hot I'd Go Into Detail'...

Debt to hit $16 trillion just as party gavel in convention...
Dems to bus in black church members from SC...
ID required to attend...

'GODFATHER' TO CUT DNC TRIP SHORT...
Chicago schools brace for strike...

'GOD' LEFT OUT

Dems Drop 'God' From Party Platform...
REUTERS PHOTO DEPICTS HARRY IN HELLFIRE...
Endorse taxpayer-funded abortions...
DNC Video: 'The Government Is The Only Thing We All Belong To'...

ABCNEWSWASHPOST POLL: Obama personal popularity fading...
Women Turning...

DEBT TOPS $16T...
$136,249 Per Household...

FOOD STAMP USE CLIMBS TO RECORD 46.7 MILLION...

Key SOLYNDRA figure 'ran for exit' after seeing ABCNEWS cameras on DNC floor...

UPDATE: Obama gives himself an 'incomplete' grade...
POLL: Just 40% say he deserves second term...

POLL: Less Than Half of Army Officers in Afghanistan Report High Morale...

Panicking Spaniards Pull Out Cash, Leave Country...
Depression, Suicides Rise as Euro Debt Crisis Intensifies...
MOODY'S Changes Rating Outlook to 'Negative'...

COPS: Mother Forces 10-Year-Old Boy To Rob House... { Shafique (black) and her son ran away but Lynnwood police arrested her. They found a stolen laptop and crack cocaine. }

18 Indications That Europe Has Become An Economic Black Hole Which Is Going To Suck The Life Out Of The Global Economy

http://albertpeia.com/18indicationseuropesuckinglifeofglobaleconomy.htm

THREE CHARTS TO WATCH FOR SIGNS OF WHAT’S TO COME

September 4, 2012 http://gainspainscapital.com http://albertpeia.com/3chartstowatchwhatscoming.htm

Economic Failure: 58 Percent Of The Jobs Being Created Are Low Paying Jobs

http://theeconomiccollapseblog.com

http://albertpeia.com/oecofailureandlowpayjobs.htm

9-4-12 Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘working on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }

Poll: R 48% O 44%

RASMUSSEN: ROMNEY 47% OBAMA 44%...
GALLUP: ROMNEY 47% OBAMA 46%...

Dem Gov.: We're Not Better Off Now...

GALLUP: Obama Job Approval Drops to 43%...
PROTESTERS VOW BIGGER CROWDS IN CHARLOTTE...
'Occupy' encampment re-opens near Dem convention...
DNC security rules trigger free speech worries...

KING: Obama presidency has been time of deep Dem decline...
Frustrated union leader throws empty chair...

RECORD-HIGH LABOR DAY GAS PRICES GREET DEMS IN CHARLOTTE...

RYAN: President 'running campaign based on envy and division'...

GOP launches 'Obama Isn't Working' message...

SUNDAY: Dem Gov. -- We're Not Better Off Now...
MONDAY: 'We're Clearly Better Off'...

BIDEN: 'If It Weren't So Hot I'd Go Into Detail'...

Debt to hit $16 trillion just as party gavel in convention...
Dems to bus in black church members from SC...
ID required to attend...

'GODFATHER' TO CUT DNC TRIP SHORT...
Chicago schools brace for strike...

'GOD' LEFT OUT

Dems Drop 'God' From Party Platform...
REUTERS PHOTO DEPICTS HARRY IN HELLFIRE...
Endorse taxpayer-funded abortions...
DNC Video: 'The Government Is The Only Thing We All Belong To'...

ABCNEWSWASHPOST POLL: Obama personal popularity fading...
Women Turning...

DEBT TOPS $16T...
$136,249 Per Household...

FOOD STAMP USE CLIMBS TO RECORD 46.7 MILLION...

Key SOLYNDRA figure 'ran for exit' after seeing ABCNEWS cameras on DNC floor...

UPDATE: Obama gives himself an 'incomplete' grade...
POLL: Just 40% say he deserves second term...

POLL: Less Than Half of Army Officers in Afghanistan Report High Morale...

Panicking Spaniards Pull Out Cash, Leave Country...
Depression, Suicides Rise as Euro Debt Crisis Intensifies...
MOODY'S Changes Rating Outlook to 'Negative'...

COPS: Mother Forces 10-Year-Old Boy To Rob House... { Shafique (black) and her son ran away but Lynnwood police arrested her. They found a stolen laptop and crack cocaine. }

8-31-12 Dave’s Daily: http://www.etfdigest.com BERNANKE SHOWS UP, STOCKS RALLY 8-31-12 { Absolutely amazing that something that’s failed so miserably for all but the frauds on wall street, the price for which will be paid by others now and in futuro could be an accepted/anticipated/cheered strategy- How totally pathetic! How about real valuations based upon real finance, economics as opposed to the fraudulent wall street feel good from inflationary dollar debasement at everybody else’s expense! – … Regarding the rally? There’s a blazing full, blue moon up there which has such effect on lunatics as are on wall street and now in nations/markets worldwide! }

8-31-12 CHICAGOLAND: SHOOTING BLOCK FROM OBAMA'S HOUSE; 2ND IN WEEK

Global food prices jump 10% in month!

Bernanke spells out feeble state of economy...
Defends Bond Buying…{for fraudulent wall street’s benefit only-you’re paying for it, in higher prices, etc., there’s no free lunch}...
Oil surges...
Japan to cut state spending, could run out of money in month...

LANCE ARMSTRONG'S PERSONAL ASSISTANT UNLOADS... http://www.outsideonline.com/outdoor-adventure/biking/road-biking/My-Life-With-Lance-Armstrong.html { What a total scumbag atheist lance armstrong is! He’s really bad news! What a total fraud armstrong is! }

Dave’s Daily: http://www.etfdigest.com PROTECT YOURSELF AT ALL TIMES 8-30-12 { Carbon-based unit indeed, Dave. Brings to mind that great first installment of what was to breathe life into that ultimately hugely successful franchise, ‘Star Trek’; viz., the profound ‘Star Trek: The Movie’, directed by no less than Robert Wise (‘The Day the Earth Stood Still’) himself. } There’s enough ideas about what to do now as Bernanke steps to the plate Friday to either regurgitate familiar messages, provide more QE, conduct more coordinated QE with other central banks or something not imagined by this carbon based investor…’

Clint Eastwood to speak at the Republican National Convention: reports { Indeed he did! All is not unforgiven. That’s a double-negative, Clint, meaning all’s forgiven ( I just wanted to interject his oscar-winning ‘Unforgiven’ for the record, along with ‘Million Dollar Baby’) for your pro-gay marriage, don’t give a f*** egalitarian position (I actually thought in light thereof he was a ‘wobama man’)... 82 and still truckin’ in a big way…what a guy…I’m impressed…he made our day! ( There are some detractors, talkin’ this and that about his speech; but, the point is that Clint’s doing it, not just talkin’ about it! ) Well Done, Clint! I’m also adding here for the record the fact that Robert Duvall did a fundraiser for President Romney with First Lady Ann Romney; and, had an underrated, underappreciated superb (less than big budget) film of his own, ‘Assassination Tango’, which in light of nuanced performance and attention to detail deserved greater attention and acclaim ( any guy whose been offered a free poke from Diane Lane [‘Lonesome Dove’] and loves the smell of napalm in the morning [the great ‘Apocalypse Now’] is more than okay in my book). And, Jon Voight: The Advocate … Who woulda thunk it? Cogent and relevant! } , Tokyo court rules that Samsung did not infringe on Apple patent AP { This is a very big deal! } , More Bad News Imminent: August US Auto Production Set To Plunge By Most In 16 Months , What Americans Actually Do All Day Long - In Three Charts ZeroHedge.com The average American spends 9 hours, 12 minutes, and 36 seconds 'Working & Commuting' on an average workday. Wonder what they do with the rest of their precious 'unproductive and non-tax-providing' day?

Clint Eastwood to speak at the Republican National Convention: reports { Indeed he did! All is not unforgiven. That’s a double-negative, Clint, meaning all’s forgiven ( I just wanted to interject his oscar-winning ‘Unforgiven’ for the record, along with ‘Million Dollar Baby’) for your pro-gay marriage, don’t give a f*** egalitarian position (I actually thought in light thereof he was a ‘wobama man’)... 82 and still truckin’ in a big way…what a guy…I’m impressed…he made our day! ( There are some detractors, talkin’ this and that about his speech; but, the point is that Clint’s doing it, not just talkin’ about it! ) Well Done, Clint! I’m also adding here for the record the fact that Robert Duvall did a fundraiser for President Romney with First Lady Ann Romney; and, had an underrated, underappreciated superb (less than big budget) film of his own, ‘Assassination Tango’, which in light of nuanced performance and attention to detail deserved greater attention and acclaim ( any guy whose been offered a free poke from Diane Lane [‘Lonesome Dove’] and loves the smell of napalm in the morning [the great ‘Apocalypse Now’] is more than okay in my book). And, Jon Voight: The Advocate … Who woulda thunk it? Cogent and relevant! }

What Americans Actually Do All Day Long - In Three Charts

Submitted by Tyler Durden on 08/30/2012 - 18:39

The average American spends 9 hours, 12 minutes, and 36 seconds 'Working & Commuting' on an average workday. Wonder what they do with the rest of their precious 'unproductive and non-tax-providing' day?

http://albertpeia.com/whattheydo.png

What Is The Best Place To Live In America? Pros And Cons For All 50 States

http://theeconomiccollapseblog.com

http://albertpeia.com/proscons50states.htm

{ You really can’t dismiss this brief/simplistic survey out of hand; after all, he gets the the following almost right (jersey should be ranked below all; ie., ‘F-‘ !) New Jersey: Pros: anyone got something? Cons: high population density, Camden, Newark, not enough jobs, multiple nuclear power plants,Atlantic City, crime, gang violence Overall Rating: D- / California: Pros: Disneyland, warm weather, Malibu Cons: high taxes, Jerry Brown, earthquakes, mudslides, wildfires, gang violence, crime, traffic, rampant poverty, insane politicians, ridiculous regulations, bad schools, political correctness, illegal immigration, not enough jobs, air pollution, multiple nuclear power plants, possible tsunami threat along the coast, Los Angeles, San Francisco, Oakland, Stockton, Sacramento, huge drug problem, high population density, the state government is broke, many more reasons to leave California right here http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm http://albertpeia.com/hopelesscluelesscalifornia.htm Overall Rating: F }

8-30-12 President Romney Biographical Tribute Airs at RNC...

OBAMA: I Didn't Do Good Enough Job Selling Americans On Stimulus Plan...
Billboard features child flipping off president...

Half of Americans die nearly broke...

REPORT: Correspondence and collusion between NYT and CIA...

Gasoline To Hit Labor Day Record Price...
University of Virginia Declines Obama Campaign Request...
EX-NFL GREAT TO BLACKS: SAY NO TO OBAMA...
70% of Obama's 19 million TWITTER followers fake...
CHICAGOLAND: 13 shot in 30-minute span...
FLASHBACK: Obama -- 'Chicago Is Example of What Makes This Country Great' { Wow! Talk about choom fantasy… unless you’re a fan of…Al Capone! } ...
FOXNEWS POLL: Romney Pulls Into Lead...
Republicans eye return to gold standard...
Romney Reiterates He Would Replace Bernanke...
Analysis: Incomes Fall More Under Obama...
Big Loss for Those Near Retirement...
USA $20 trillion in debt by 2016...

Obama Has Stolen $5.3 Trillion From Our Children In Order To Make Himself Look Good

http://albertpeia.com/obamastole5plustrillionfromuschildrentohidehisfailure.htm

8-29-12 SHOCK CLAIM: Obama Honors Fallen SEALs By Sending Parents Form Letter Signed By Electric Pen...
25+ INCHES OF RAIN SLAMS LA...
MRS. AMERICA { Indeed! Her speech was well delivered, poignant, truthful and touching! }
CHRISTIE SPEECH: TEXT... { I had no idea Gov. Christie was a former federal prosecutor. Maybe he could find out what happened to asst. us attorney Jonathon Lacey, the files/documents/exhibits etc., from as well, former us attorney alito and fed judge maryanne trump barry, former us trustee Leonard, etc. … http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
Gasoline To Hit Labor Day Record Price...

Dave’s Daily: http://www.etfdigest.com ‘QE QUESTIONS { To QE or not to QE, that is the question…whether it is nobler in the mind to suffer the slings and arrows of outrageous destruction of fortunes … ah, yes … good choice Dave … I know those soliloquies by heart…and now, a little Lewis Carroll with a mad hatter none other than helicopter-ben-shalom-bernanke … }

Drudgereport: Gasoline To Hit Labor Day Record Price... { Predominantly the consequence of failed QE for the benefit of fraudulent wall street only and wobama’s (failed) re-election scam! } , Is There Going To Be A Stock Market Crash In The Fall? http://albertpeia.com/stockmarketcrashcoming.htm { Short answer, YES! If there’s still any rationality left in these stock markets! } , FOUR REASONS WHY THE FED WILL NOT ANNOUNCE QE 3 THIS FRIDAY gpc1981 http://albertpeia.com/4reasonsnoqe3.htm , $16,OOO,OOO,OOO,OOOBAMA! ZeroHedge.com November 16, 2011 was a historic date: that's when the US officially surpassed $15 trillion in debt for the first time since World War 2. We celebrated it by cheering $15,OOO,OOO,OOO,OOOBAMA. Today, August 28, 2012, is when we can unofficially celebrate again, because 286 days after the last major milestone was surpassed with disturbing ease, total US debt following today's $35 billion auction of 2 Year bonds is, well, in a word: $16,OOO,OOO,OOO,OOOBAMA

Guest Post: Why Everybody's Going To War in the Middle East

"Everybody's going to war but we don't know what we are fighting for."– Nerina Pallot, from "Everybody's Gone to War"

All sides in the coming conflict – except for the civilian populations and the soldiers maimed and killed – believe they will benefit from a limited war in the Middle East if everything goes according to plan. However, nothing ever goes according to plan in wars and this is the problem the world will face. Prolonged recession or depression, wealth and benefit confiscation throughout the EU, US and other Western democracies and the risk of a Middle East conflict spreading around the world is our fear. Who is guaranteed to win regardless of the outcome of the war and whether it can be contained? The Anglo-American financial elites and the bankers always win every conflict regardless of the military outcome. This is the history of the 20th century and we see no reason that will change now.

Henry Paulson Confronted on Threatening Congress With Martial Law

We Are Change | Paulson’s cronies strong arm citizen journalists to prevent questions to former Treasury Secretary and Goldman Sachs executive.

Blunt Christie tells Republicans it's time to face fiscal truth - TAMPA, Florida (Reuters) - New Jersey Governor Chris Christie accused Democrats of refusing to tell Americans the truth about the depth of the country's deep fiscal woes on Tuesday in a pugnacious... { I had no idea Gov. Christie was a former federal prosecutor. Maybe he could find out what happened to asst. us attorney Jonathon Lacey, the files/documents/exhibits etc., from as well, former us attorney alito and fed judge maryanne trump barry, former us trustee leonard … http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

Insider Exposes Bin Laden Death Book Hoax

Infowars.com | A book of lies geared to cover up more lies.

http://albertpeia.com/binladendeathbookhoax.htm

Obama campaign unleashing 'the Big Dog' in battleground states { Riiiiight! The big dog…who found a way to poop up the presidency after being gifted with a huge end of cold war peace dividend courtesy of predominantly Reagan. Yes, on route to blowing the job, despite his support for NAFTA, he did get quite a few…blow(n) jobs… http://albertpeia.com/bigdogpoop.htm }

Texas judge warns of possible ‘civil war’ if President Obama is re-elected

Romney: My health care plan is superior to Obama's

Is There Going To Be A Stock Market Crash In The Fall?

http://albertpeia.com/stockmarketcrashcoming.htm

{ Short answer, YES! If there’s still any rationality left in these stock markets! }

8-28-12 MRS. AMERICA { Indeed! Her speech was well delivered, poignant, truthful and touching! }
CHRISTIE SPEECH: TEXT... { I had no idea Gov. Christie was a former federal prosecutor. Maybe he could find out what happened to asst. us attorney Jonathon Lacey, the files/documents/exhibits etc., from as well, former us attorney alito and fed judge maryanne trump barry, former us trustee Leonard, etc. … http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
Gasoline To Hit Labor Day Record Price...
University of Virginia Declines Obama Campaign Request...
EX-NFL GREAT TO BLACKS: SAY NO TO OBAMA...
70% of Obama's 19 million TWITTER followers fake...
CHICAGOLAND: 13 shot in 30-minute span...
FLASHBACK: Obama -- 'Chicago Is Example of What Makes This Country Great' { Wow! Talk about choom fantasy… unless you’re a fan of…Al Capone! } ...
FOXNEWS POLL: Romney Pulls Into Lead...
Republicans eye return to gold standard...
Romney Reiterates He Would Replace Bernanke...
Analysis: Incomes Fall More Under Obama...
Big Loss for Those Near Retirement...
USA $20 trillion in debt by 2016...

FABER: Odds of Global Recession Are 100%...

GALLUP: Romney edges Obama...

'RUDE' BUT TRUTHFUL PICTURE OF TELEPROMPTER OBSCURING OBAMA’S FACE FROM REUTERS PHOTO RAISES EYEBROWS...

Texas Judge Preparing For 'Civil War' If Obama Re-Elected...

ROMNEY: President 'Has Tried To Substitute Government For Free People'...

PAPER: THE LEFT HAS BEEN TOO KIND TO OBAMA...

Postal Worker's Vacation Halts Mail In Jersey City, NJ...

TINA FROWN! { Newsweek on wobama’s failed presidency – Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }
GALLUP: ROMNEY 47% OBAMA 45%

Doug Casey Predicts Day of Economic Reckoning Is Near (Casey Research 8-27-12) http://albertpeia.com/caseysayseconomicreckoningnear.htm , ANGELA MERKEL JUST REVEALED THE TRUTH ABOUT EUROPE gpc1981 http://albertpeia.com/truthabouteurope.htm , It Is Not Just Your Imagination - American Families ARE Getting Poorer http://albertpeia.com/americansgettingpoorer.htm , A Flashing Warning On The "Unintended Consequences" Of Ultra Easy Monetary Policy From... The Fed?! Zerohedge.com , Guest Post: The Endless War: Saudi Arabia Goes On The Offensive Against Iran , When Channel-Stuffing Comes Home? GM 'Idles' Volt Production (Again)

Insider Exposes Bin Laden Death Book Hoax

Infowars.com | A book of lies geared to cover up more lies.

http://albertpeia.com/binladendeathbookhoax.htm

Obama campaign unleashing 'the Big Dog' in battleground states { Riiiiight! The big dog…who found a way to poop up the presidency after being gifted with a huge end of cold war peace dividend courtesy of predominantly Reagan. Yes, on route to blowing the job, despite his support for NAFTA, he did get quite a few…blow(n) jobs… http://albertpeia.com/bigdogpoop.htm }

Texas judge warns of possible ‘civil war’ if President Obama is re-elected

Romney: My health care plan is superior to Obama's

It Is Not Just Your Imagination - American Families ARE Getting Poorer

http://albertpeia.com/americansgettingpoorer.htm

8-27-12 Protesters Dressed As Giant Vaginas Greet Delegates... { Indeed…what a bunch of c**ts…just kidding! } Video...

'Kill Mitt Romney' FACEBOOK Page Has 27 Likes, Still Online... {The epitomy of hypocrisy and desperation!}

FEDS: Too few Americans 'turn to the government for assistance'...

BOX OFFICE: Anti-Obama Movie #1... Developing...
University of Virginia Declines Obama Campaign Request...
EX-NFL GREAT TO BLACKS: SAY NO TO OBAMA...

70% of Obama's 19 million TWITTER followers fake...

Godfather on Casino: 'I Want it For Our Kids'...
CHICAGOLAND: 13 shot in 30-minute span...
FLASHBACK: Obama -- 'Chicago Is Example of What Makes This Country Great' { Wow! Talk about choom fantasy… unless you’re a fan of…Al Capone! } ...
FOXNEWS POLL: Romney Pulls Into Lead...
Republicans eye return to gold standard...
Romney Reiterates He Would Replace Bernanke...
Analysis: Incomes Fall More Under Obama...
Big Loss for Those Near Retirement...
USA $20 trillion in debt by 2016...

FABER: Odds of Global Recession Are 100%...

GALLUP: Romney edges Obama...

'RUDE' BUT TRUTHFUL PICTURE OF TELEPROMPTER OBSCURING OBAMA’S FACE FROM REUTERS PHOTO RAISES EYEBROWS...

Texas Judge Preparing For 'Civil War' If Obama Re-Elected...

ROMNEY: President 'Has Tried To Substitute Government For Free People'...

PAPER: THE LEFT HAS BEEN TOO KIND TO OBAMA...

Postal Worker's Vacation Halts Mail In Jersey City, NJ...

TINA FROWN! { Newsweek on wobama’s failed presidency – Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }
GALLUP: ROMNEY 47% OBAMA 45%
ROMNEY: Time to Audit the Fed...

GAS PRICES SET RECORD...
Poll: Not better off now than in 2008...

SHOCK POLL: Romney beats Obama in Chicago suburbs...
SPIKE IN ARMED ROBBERIES, SAVAGE BEATINGS ON CAPITOL HILL...
Crime jumps 64%...
NOONAN: If Biden Were Republican, Topic Would Be 'How Stupid Is This Person?' { Well, in fairness, a distinction is carved out for Lobotomy Joe who really did have part of his brain surgically removed! } FACEBOOK FALLS TO HALF OF PUBLIC OFFERING PRICE...

8-24-12 Dave’s Daily: http://www.etfdigest.com ‘THE FED’S ORACLE KEEPS STOCKS GREEN 8-24-12 With stock markets actually threatening a red week enter the Fed’s oracle, the WSJ’s Jon Hilsenrath with a Bernanke regurgitated “stick save” QE algos glommed on which rallied stocks., AN OPEN LETTER TO THE MSFM: QE 3 ISN’T COMING, GIVE UP By gpc1981 http://albertpeia.com/qe3notcoming.htm , Guest Post: Trading on Yesterday's News – What Does the Stock Market Really 'Know'? ZeroHedge.com We have critically examined the question of whether the stock market 'discounts' anything on several previous occasions. The question was for instance raised in the context of what happened in the second half of 2007. Surely by October 2007 it must have been crystal clear even to people with the intellectual capacity of a lamp post and the attention span of a fly that something was greatly amiss in the mortgage credit market. Then, just as now, both the ECB and the Fed had begun to take emergency measures to keep the banking system from keeling over in August. This brings to mind the 'potent directors fallacy' which is the belief held by investors that someone – either the monetary authority, the treasury department, or a consortium of bankers, or nowadays e.g. the government of China – will come to their rescue when the market begins to fall. 'They' won't allow the market to decline!' 'They' won't allow a recession to occur!' 'They can't let the market go down in an election year!' All of these are often heard phrases. This brings us to today's markets. Nowadays, traders are not only not attempting to 'discount' anything, they are investing with their eyes firmly fixed on the rear-view mirror – they effectively trade on yesterday's news. { It bears repeating that never in history have the markets become so disconnected from fundamental finance, valuation, an reality and so completely and utterly fraudulent. I believe that computerization facilitating multiple frauds at lightning speed, over and over again and again along with re-hypothecation of already worthless paper at similar speeds is in part the reason for the prevalence of such fraud along with the breakdown of american among other societies into what yesteryear would have been scorned as ‘banana republics’ without any meaningful rules of law whatsoever and pervasive, almost blatant, corruption at every level. (This is not to blame computers for the bad use they’re put to.) }

Thank You Wall Street Thanks for everything... http://albertpeia.com/thanksfraudulentwallstreet.png

Obama campaign unleashing 'the Big Dog' in battleground states { Riiiiight! The big dog…who found a way to poop up the presidency after being gifted with a huge end of cold war peace dividend courtesy of predominantly Reagan. Yes, on route to blowing the job, despite his support for NAFTA, he did get quite a few…blow(n) jobs… http://albertpeia.com/bigdogpoop.htm }

Texas judge warns of possible ‘civil war’ if President Obama is re-elected

Romney: My health care plan is superior to Obama's

Forsaken And Forgotten

http://albertpeia.com/forsakenforgotten.htm

8-24-12 BOX OFFICE: Anti-Obama Movie #1... Developing...
University of Virginia Declines Obama Campaign Request...
EX-NFL GREAT TO BLACKS: SAY NO TO OBAMA...

70% of Obama's 19 million TWITTER followers fake...

Romney To Hometown Crowd: 'No One Has Asked To See My Birth Certificate'...

Godfather on Casino: 'I Want it For Our Kids'...
CHICAGOLAND: 13 shot in 30-minute span...
FLASHBACK: Obama -- 'Chicago Is Example of What Makes This Country Great' { Wow! Talk about choom fantasy… unless you’re a fan of…Al Capone! } ...
FOXNEWS POLL: Romney Pulls Into Lead...
Republicans eye return to gold standard...
Romney Reiterates He Would Replace Bernanke...
Analysis: Incomes Fall More Under Obama...
Big Loss for Those Near Retirement...
USA $20 trillion in debt by 2016...

FABER: Odds of Global Recession Are 100%...

GALLUP: Romney edges Obama...

Obama campaign unleashing 'the Big Dog' in battleground states { Riiiiight! The big dog…who found a way to poop up the presidency after being gifted with a huge end of cold war peace dividend courtesy of predominantly Reagan. Yes, on route to blowing the job, despite his support for NAFTA, he did get quite a few…blow(n) jobs… http://albertpeia.com/bigdogpoop.htm }

Texas judge warns of possible ‘civil war’ if President Obama is re-elected

Romney: My health care plan is superior to Obama's

8-23-12 FOXNEWS POLL: Romney Pulls Into Lead...
Republicans eye return to gold standard...
Romney Reiterates He Would Replace Bernanke...
Analysis: Incomes Fall More Under Obama...
Big Loss for Those Near Retirement...
USA $20 trillion in debt by 2016...

FABER: Odds of Global Recession Are 100%...

GALLUP: Romney edges Obama...

'RUDE' BUT TRUTHFUL PICTURE OF TELEPROMPTER OBSCURING OBAMA’S FACE FROM REUTERS PHOTO RAISES EYEBROWS...

Texas Judge Preparing For 'Civil War' If Obama Re-Elected...

ROMNEY: President 'Has Tried To Substitute Government For Free People'...

PAPER: THE LEFT HAS BEEN TOO KIND TO OBAMA...

Postal Worker's Vacation Halts Mail In Jersey City, NJ...

TINA FROWN! { Newsweek on wobama’s failed presidency – Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }
GALLUP: ROMNEY 47% OBAMA 45%

Dave’s Daily: http://www.etfdigest.com BERNANKE & CO READY TO PROVIDE ANOTHER ROUND { …of consistently failed, inflationary QE for the benefit of the wall street frauds only, to the detriment of the real economy and everyone else! This misguided wall street fraud oriented policy is in large part responsible for the increasingly dismal state of the economy along with the natural concomitant of rising prices which are blamed on everything but the contraindicated QE which is the primary culprit! } The only news that mattered to the algos and HFTs were nuggets of more QE found in FOMC Minutes released just in time for the 2:15 Buy Program Express to leave the station. More money printing is inflationary and stocks can inflate too so let’s not kid ourselves. ..’ }

Guest Post: The Stock Market Is An "Attractive Nuisance" And Should Be Closed ZeroHedge.com Tyler Durden { Yes! This article should in no way be considered tongue-in-cheek sarcasm, exaggeration; but rather, the reality that the stock market has become a parasitic den of thieves and fraud literally detrimental to all people, all places except for the few indigenous denizens of this infectious malignancy that literally sucks the life blood out of all they reach and touch! } In tort law, an attractive nuisance is any potentially hazardous object or condition that is likely to attract the naive and unwary, i.e. children. A classic example is an abandoned swimming pool half-filled with fetid water. The stock market is demonstrably an "attractive nuisance" and should be closed immediately. It should never be reopened unless these conditions can be met: 1) All shares must be owned for at least four hours 2) All trading must be executed by humans on a transparent exchange where all trading activity (and open orders) is visible to all participants 3) Intervention in the market by the Federal Reserve or any Central State agency or agents is against the law. If you insist on putting money at risk in the stock market, be aware that you are playing a rigged roulette wheel and thus you are a mark. You might win, or the entire game might collapse in a rotten heap of lies and corruption. Just remember that the market is ruled by parasites who need to keep their hosts (investors) alive so they can continue to feed off them (i.e. biotrophic parasites). If the hosts all leave the market, the parasites will have only themselves to feed on, and they will quickly expire. , Thanks Obama - Here Are 24 Stats That Show How Much You Have Royally Messed Up Our Economy http://albertpeia.com/24statsshowhowobamamessedupeconomy.htm , 8 Economic Threats That We Were Not Even Talking About At The Beginning Of The Summer http://albertpeia.com/8neweconomicthreats.htm , More Than Half Of All Americans Are At Least Partially Dependent On The Government http://albertpeia.com/morethanhalfamericansdependentongovernment.htm , Jacob Rothschild, John Paulson And George Soros Are All Betting That Financial Disaster Is Coming http://albertpeia.com/insidersmartmoneybetsfinancialdisastercoming.htm , US fiscal cliff risks new recession, says report , Gold & Silver off to the races , Eric Sprott: The Financial System’s Death Knell? , Marc Faber On Keynesian Folly, The 'Missing' Inflation, And Bubble-Blowing , With AAPL 19.8% Of The NASDAQ, Is Another Rebalancing Imminent? , Citi Sees Greek Exit As Soon As September , FOMC Minutes Indicate No Shift In Fed's Views, Even As Many Members See More Easing Likely Warranted , The Truth Behind Juncker's Lies: In The Second Largest Greek City, 1250 Companies Have Shuttered In 2012 , The Gathering Storm

CBO: Feds flirting with double-dip recession

washingtontimes.com | Obama and Congress flirting with both a recession and a jump in unemployment next year.

Thanks Obama - Here Are 24 Stats That Show How Much You Have Royally Messed Up Our Economy

http://albertpeia.com/24statsshowhowobamamessedupeconomy.htm

Jacob Rothschild, John Paulson And George Soros Are All Betting That Financial Disaster Is Coming

http://albertpeia.com/insidersmartmoneybetsfinancialdisastercoming.htm

8 Economic Threats That We Were Not Even Talking About At The Beginning Of The Summer

http://theeconomiccollapseblog.com

http://albertpeia.com/8neweconomicthreats.htm

More Than Half Of All Americans Are At Least Partially Dependent On The Government

http://theeconomiccollapseblog.com

http://albertpeia.com/morethanhalfamericansdependentongovernment.htm

8-22-12 GALLUP: Romney edges Obama...

'RUDE' BUT TRUTHFUL PICTURE OF TELEPROMPTER OBSCURING OBAMA’S FACE FROM REUTERS PHOTO RAISES EYEBROWS...

Texas Judge Preparing For 'Civil War' If Obama Re-Elected...

ROMNEY: President 'Has Tried To Substitute Government For Free People'...

PAPER: THE LEFT HAS BEEN TOO KIND TO OBAMA...

Feds join 'false claims' suit against polling firm...

Postal Worker's Vacation Halts Mail In Jersey City, NJ...

TINA FROWN! { Newsweek on wobama’s failed presidency – Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }
GALLUP: ROMNEY 47% OBAMA 45%
ROMNEY: Time to Audit the Fed...

GAS PRICES SET RECORD...
Poll: Not better off now than in 2008...

SHOCK POLL: Romney beats Obama in Chicago suburbs...
SPIKE IN ARMED ROBBERIES, SAVAGE BEATINGS ON CAPITOL HILL...
Crime jumps 64%...
NOONAN: If Biden Were Republican, Topic Would Be 'How Stupid Is This Person?' { Well, in fairness, a distinction is carved out for Lobotomy Joe who really did have part of his brain surgically removed! } FACEBOOK FALLS TO HALF OF PUBLIC OFFERING PRICE...
No Horses, But Detroit Water Department Employs 'Horseshoer'...
BOOK: Obamacare designed to unionize 21 million health care workers...
Increases costs of hip, knee replacements...
O STICKING WITH LOBOTOMY JOE!

MSNBC Host: Romney Engaging In 'Niggerization' Of Obama { Well, if the shoe fits…and the shoe fits only too well for jive-talking, b***s***, grifter/fraud wobama, who has actually accorded protection to the black panthers who have threatened whites as matched with dasterdly deeds of violence by blacks against all other races! MSNBC said it, and truth be told, it doesn’t take much to see it in light of the fact that wobama’s just a typical jive-talking, incompetent, b***s*** nigger! }...

ROMNEY, RYAN PREPARE FOR ASSAULT ON OBAMA'S SPENDING...
U.S. Foreign Debt Hits Another Record...

Democrats' nerves start to show...
VA BAKER SAYS NO TO BIDEN STOP...
Secret Service buys cupcakes as thanks...
Customers flock in...
'OBAMA CAN KISS OUR A**'...

 It is absolutely incredible that tech’s even on the radar other than for signs of disasters to come; it’s really that bad, and getting worse, not better as one might expect. And, not just in this country. The newest linux version (ubuntu for dual boot) is, contrary to what one would presume but consistent with the american paradigm of shear folly, significantly worse than older versions. I actually had to uninstall it, it was so bad on the additional computer I just got for file space/back-up. Vista’s a total joke, and, though currently winning by default, apples are just not that great nor worth the money and eventually the ‘unsavvy public’ will catch on. I’m glad for apple, my first computer in 1986!

Niall "Hit The Road Barack" Ferguson Responds To The "Liberal Blogosphere" Two days ago, historian Niall Fergsuon had the temerity to voice a personal opinion, one which happens to not exactly jive with the rest of the media's take on current events, on the cover page of Newsweek (Newsweek is still in print?) titled, succinctly enough, "Hit the road Barack: Why we need a new president." The response was fast, furious, and brutal, particularly emanating from what Ferguson has dubbed the "liberal blogosphere." http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm

FORGET EUROPE… THIS IS A REAL CRISIS TO BE AFRAID OF

August 21, 2012 By gpc1981

http://albertpeia.com/usfoodcrisis.htm

8-21-12 $500,000 of stimulus cash spent to air Obama ads during Olbermann, Maddow shows...

Romney raising cash from traditionally Dem cities...

Switzerland objects to Obama campaign film slur...

Americans tune out Afghan war as fighting rages on...

TINA FROWN! { Newsweek on wobama’s failed presidency – Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }
GALLUP: ROMNEY 47% OBAMA 45%
ROMNEY: Time to Audit the Fed...

GAS PRICES SET RECORD...
Poll: Not better off now than in 2008...
SHOCK POLL: Romney beats Obama in Chicago suburbs...
SPIKE IN ARMED ROBBERIES, SAVAGE BEATINGS ON CAPITOL HILL...
Crime jumps 64%...
NOONAN: If Biden Were Republican, Topic Would Be 'How Stupid Is This Person?' { Well, in fairness, a distinction is carved out for Lobotomy Joe who really did have part of his brain surgically removed! } FACEBOOK FALLS TO HALF OF PUBLIC OFFERING PRICE...

Guest Post: Shhhh… It’s Even Worse Than The Great Depression ZeroHedge.com Tyler Durden In just four short years, our “enlightened” policy-makers have slowed money velocity to depths never seen in the Great Depression.  Hard to believe, but the guy who made a career out of Monday-morning quarterbacking the Great Depression has already proven himself a bigger idiot than all of his predecessors (and in less than half the time!!).  During the Great Depression, monetary base was expanded in response to slowing economic activity, in other words it was reactive  (here’s a graph) .  They waited until the forest was ablaze before breaking out the hoses, and for that they’ve been rightly criticized.  Our “proactive”  Fed elected to hose down a forest that wasn’t actually on fire, with gasoline, and the results speak for themselves.  With the IMF recently  lowering its 2012 US GDP growth forecast to 2%, while  the monetary base is expanding at about a 5% clip, know that velocity of money is grinding lower every time you breathe

8-20-12 TINA FROWN! { Newsweek on wobama’s failed presidency – Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }
GALLUP: ROMNEY 47% OBAMA 45%
ROMNEY: Time to Audit the Fed...
OBAMA DENIES FELONY SMEAR ON ROMNEY...
'We don't go out of bounds'...
FLASHBACK: 'Romney committed a felony or lied to voters'...
GAS PRICES SET RECORD...
Poll: Not better off now than in 2008...
SHOCK POLL: Romney beats Obama in Chicago suburbs...
SPIKE IN ARMED ROBBERIES, SAVAGE BEATINGS ON CAPITOL HILL...
Crime jumps 64%...
NOONAN: If Biden Were Republican, Topic Would Be 'How Stupid Is This Person?' { Well, in fairness, a distinction is carved out for Lobotomy Joe who really did have part of his brain surgically removed! } FACEBOOK FALLS TO HALF OF PUBLIC OFFERING PRICE...
No Horses, But Detroit Water Department Employs 'Horseshoer'...
BOOK: Obamacare designed to unionize 21 million health care workers...
Increases costs of hip, knee replacements...
O STICKING WITH LOBOTOMY JOE!

MSNBC Host: Romney Engaging In 'Niggerization' Of Obama { Well, if the shoe fits…and the shoe fits only too well for jive-talking, b***s***, grifter/fraud wobama, who has actually accorded protection to the black panthers who have threatened whites as matched with dasterdly deeds of violence by blacks against all other races! MSNBC said it, and truth be told, it doesn’t take much to see it in light of the fact that wobama’s just a typical jive-talking, incompetent, b***s*** nigger! }...

ROMNEY, RYAN PREPARE FOR ASSAULT ON OBAMA'S SPENDING...
U.S. Foreign Debt Hits Another Record...

Democrats' nerves start to show...
VA BAKER SAYS NO TO BIDEN STOP...
Secret Service buys cupcakes as thanks...
Customers flock in...
'OBAMA CAN KISS OUR A**'...

Guest Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words! It’s been my direct experience for quite some time now and is quite a pathetic scenario! } Legal precedent means nothing. Rule of law means nothing. Free speech means nothing. Their own treaties mean nothing. It’s unbelievable. Anyone in the west who honestly thinks he’s still living in a free society is either a fool or completely out of touch. If that seems too radical an idea, consider that ECUADOR is now the only nation which stands to defend freedom and human rights against an assault from the United States, the United Kingdom, and their spineless allies. The west has just become a giant banana republic. Have you hit your breaking point yet? If not now… when? { { I’m really constrained to interject my own direct experience with the FBI here; and, I must say I do so lamentably. If you want no real results vis-à-vis organized crime which now extends to the upper reaches, highest levels of the corrupt u.s. government, go to the FBI. I discounted the new jersey FBI as just typical corrupt, mob infested jersey which thinks in terms of discos/casinos. But, truth be told, they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their (understated) crime stats for even a second. I’m beginning to feel foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters directly who seem to have at least some sense of the magnitude of the fraud involved and the pervasive corruption of the system and government and maybe a semblance of honor in this nation of protracted decline. It never would have occurred to me back when for me, such a choice/decision was clear-cut and simple. Such a course as mine I no longer could recommend inasmuch as there is little difference between state/government sponsored crime/corruption and that perpetrated by other criminal elements, from my direct experience with both, infra: Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some federal workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the properties in my proceedings for which surplus funds are unaccounted for was a 2 bedroom 1 and 1/2 bath condominium in seaside heights, n.j.). But debauchery an american specialty? Another rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in the illegal drug trade). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city boy louis freeh, labeled by former Prosecutor Larry Klaiman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.

GOOGLE SEARCH – ‘LARRY KLAYMAN, LOUIS FREEH CORRUPT’

ABOUT 6,240 RESULTS (0.11 SECONDS)

· Trulock Sues FBI Director Freeh

Jul 31, 2000 – Judicial Watch is a public-interest law firm that fights corruption in government. To read Larry Klayman's letter to Louis Freeh, ...

· Judicial Watch - Because no one is above the law!

... security," said JW Chairman Larry Klayman. "His behavior stands in stark contrast to Louis Freeh, a man so corrupt he destroyed the office he led, ...

http://gainspainscapital.com { I’m constrained to add here what I believe Graham Summers has not incorporated into his calculations; viz., that merkel very well might not even want to be re-elected. That certainly seems to be the case despite presumptions to the contrary. After all, there will ultimately be no winners in this pathetic ponzi charade and ever growing debacle in the making that she has seemed willing at every crucial juncture to countenance despite it being antithetical if not diametrically opposed to german interests. }

Drudgereport: 8-17-12 GALLUP: ROMNEY 47% OBAMA 45%
Romney Supporter Spat On by 83-year-old Protester in Wisconsin...
RNC touts record-breaking July fundraising...
FACEBOOK freefall continues...
Investors Losing Faith...
Zuckerberg: 'Painful'...
More California cities at risk of bankruptcy...
Woman who rescued animals killed in dog attack...
O STICKING WITH LOBOTOMY JOE!

MSNBC Host: Romney Engaging In 'Niggerization' Of Obama { Well, if the shoe fits…and the shoe fits only too well for jive-talking, b***s***, grifter/fraud wobama, who has actually accorded protection to the black panthers who have threatened whites as matched with dasterdly deeds of violence by blacks against all other races! MSNBC said it, and truth be told, it doesn’t take much to see it in light of the fact that wobama’s just a typical jive-talking, incompetent, b***s*** nigger! }...

ROMNEY, RYAN PREPARE FOR ASSAULT ON OBAMA'S SPENDING...
U.S. Foreign Debt Hits Another Record...

Democrats' nerves start to show...
VA BAKER SAYS NO TO BIDEN STOP...
Secret Service buys cupcakes as thanks...
Customers flock in...
'OBAMA CAN KISS OUR A**'...

HOW LOW WILL IT GO? FACEBOOK STOCK PLUNGES...
Has lost half of value...

JULY DEADLIEST MONTH OF 2012 FOR TROOPS...
ARMY SUICIDES SET RECORD...
FBI: Federal court clerk sold secret info to L.A. gangsters...

New Jersey unemployment rate at 9.8%, highest since 1977...

REPORT: GM's European failure will prompt second Obama bailout...

CHICAGOLAND: City Worker Caught Stealing 500 Feet Of Copper -- Off Midway Airport Runway!

Ecuador grants WIKILEAKS founder asylum...
40 police surround embassy...
U.S. denies pushing arrest...

Obama defends Biden on 'chains' comment...

HE DID IT AGAIN: LIVING IN WRONG CENTURY!
REPORT: Obama has 22 days to drop Biden from ticket...
VIDEO: Biden Refers to Ryan as 'Governor'...
Now Social Security Administration To Purchase 174 Thousand Rounds Of Bullets!

Hypersonic aircraft crashes seconds into military test flight...

Thousands of Federal Retirees Get Six-Figure Pensions...

CHICAGOLAND: 50,000 line up for Obama amnesty program...
Labor Dept. Attempts to Stop Layoffs by Giving $100 Million to States, Subsidize Payrolls...

VIDEO: Biden Imitates Sign Language Lady… [ I’m quite serious when I say lobotomy joe biden had part of his brain removed… he literally had part of his brain surgically removed…his nonsensical outbursts are symptomatic of lobotomies generally…] ...
Wonderment Whether Biden Has 'Mental Capacity' for Presidency...
VP says 'We can win North Carolina' -- while campaigning in Virginia...

New Black Panthers to RNC: Our 'Feet Will Be On Your Motherf***ing Necks'{ Listen to these uncivilized, dumb niggers! This is typical nigger talk and predisposition to criminal action/violence! How can whites et als self-destructively embrace the niggers? Niggers are beasts of burden and burdens wherever they are. There are few physical tasks they do well and even fewer of said available tasks relative to their populations to make a difference. They are a near complete washout in non-physical tasks, are too costly and are bad workers, unproductive generally to employ and not worth the enormous cost and trouble. The very scant few exceptions are statistically insignificant. Niggers belong in jails where they can commit no crimes in general society; plus there’s the savings thereby on their invariably wasted welfare, programs in addition to their predisposed crimes on the outside…It is far cheaper to jail them which is best for civilized society (look at their off the charts crime rates, and that’s only those that are caught! They’ve literally destroyed cities as is so wherever they are in concentrated numbers. These are indisputable facts/truths that civilized societies/governments can no longer afford to deny.) } ...

Dave’s Daily: http://www.etfdigest.com ‘QE TALK & MERKEL PROP STOCKS 8-16-12 Not to take anything away from Cisco (CSCO) earnings which beat by a penny both on earnings and revenue, but the thrust of Thursday’s rally came mostly on the heels of talk from on high. Former Fed governor Plosser stated via the WSJ that Bernanke’s recent comments indicate QE3 is likely but he is against it. Also, Angela Merkel revived talk that the euro must be saved as she and the ECB were committed to do. Of course, her comments don’t mean some current eurozone members like Greece will remain. China was also cited as a stimulus for a rally Thursday as investors expect the government to cut bank reserve requirements. Basically it’s all about “expectations and talk” but nothing beyond this …’ , Finland prepares for expected euro zone break up: report , Startling Evidence That Central Banks And Wall Street Insiders Are Rapidly Preparing For Something BIG http://albertpeia.com/centralbankswallstreetinsidersprepforsomethingbig.htm , What Should Jon Corzine's Hedge Fund Be Named? Since over the past five years hedge funds are better known for coming up with ingenious names, than for actually outperforming the market (recall that "the aggregate hedge fund index is now significantly underperforming the S&P 500 (from both the top in 2007 and the lows in 2009"), we hereby wish to do the Honorable Jon Corzine a favor, and save him the money he would otherwise spend on an expensive naming consultant, by offering up the creative services of our audience in conjuring the name for his future hedge fund. So dear ZH readers, take it away, although keep in mind Long-Term Capital Vaporization LP appears to already have been taken by a patent troll (soon to be likely sued by YHOO). , Guest Post: Financialization's Self-Destruct Sequence Like all systems that follow an S-curve of growth and decay, financialization cannot return to its growth phase. But there is another dynamic at play: a self-destruct sequence triggered by central bank and Central State efforts to reflate asset and credit/leverage bubbles. All central bank and State policies aimed at driving capital into risk assets boil down to reflating phantom assets purchased with debt by issuing more debt that is based on newly issued phantom assets. Phantom assets purchased with debt cannot be reflated by issuing more debt that is based on newly issued phantom assets. Piling more debt/leverage on a sandpile of phantom assets (CDS, bonds that cannot possibly be paid back, empty condos in the middle of nowhere, etc.) only heightens the probability that the unstable pile will collapse. The implicit Central Planning campaign to trigger "mild" inflation is part of the self-destruct sequence. Central planners metaphorically fight the last war, or at best the last two wars, and so they remain blind to any dynamics that did not exist in their case studies.

Deleveraging Needed In Next 4 Years: $28 Trillion , Retail Exodus From Stocks Continues: Another $3.6 Billion Pulled Out Last week , A Modern Day Worker Revolt , Europe's Energy Costs See Biggest Two Month Jump Ever , Guest Post: What To Do When Every Market Is Manipulated What do the following have in common? LIBOR, Bernie Madoff, MF Global, Peregrine Financial, zero-percent interest rates, the Social Security and Medicare entitlement funds, many state and municipal pension funds, mark-to-model asset values, quote stuffing and high frequency trading (HFT), and debt-based money? The answer is that every single thing in that list is an example of market rigging, fraud, or both. How are we supposed to make decisions in today’s rigged and often fraudulent market environment? Where should you put your money if you don’t know where the risks lie? How does one control risk when control fraud runs rampant? Unfortunately, there are no perfect answers to these questions. Instead, the task is to recognize what sort of world we happen to live in today and adjust one’s actions to the realities as they happen to be. The purpose of this report is not to stir up resentment or anger -- although those are perfectly valid responses to the abuses we are forced to live with -- but to simply acknowledge the landscape as it is so that we can make informed decisions.

Guest Post: Assange Or Corzine? The issue at hand is the sense that we have entered a phase of exponential criminality and corruption. A slavering crook like Corzine who stole $200 million of clients’ funds can walk free. Meanwhile, a man who exposed evidence of serious war crimes is for that act so keenly wanted by US authorities that Britain has threatened to throw hundreds of years of diplomatic protocol and treaties into the trash and raid the embassy of another sovereign state to deliver him to a power that seems intent not only to criminalize him, but perhaps even to summarily execute him. The Obama administration, of course, has made a habit of summary extrajudicial executions of those that it suspects of terrorism, and the detention and prosecution of whistleblowers. And the ooze of large-scale financial corruption, rate-rigging, theft and fraud goes on unpunished.

{ From sun never sets, to sun never shines on ever-declining britain along with pervasively corrupt defacto bankrupt america. What losers in decline they’ve become. As further testament to that unmistakable state of decline, america even has a nigger president … you can’t get any lower! }

Conflict Brewing Between UK And Ecuador As Latin American Country Agrees To Grant Asylum To Assange Are we about to see a mini-war on UK soil, if and when Britain decides to storm the Ecuadorian embassy, which moments ago announced it has granted asylum to Julian Assange? From Reuters: "Ecuador granted political asylum to Julian Assange on Thursday, ratcheting up tension in a standoff with Britain which has warned it could revoke the diplomatic status of Quito's embassy in London to allow the extradition of the WikiLeaks founder. The high-profile Australian former hacker has been holed up inside the red-brick embassy in central London for eight weeks since he lost a legal battle to avoid extradition to Sweden, where he is wanted for questioning over rape allegations. Ecuadorean Foreign Minister Ricardo Patino said he feared for the safety and rights of Assange which is why he said his country had decided to grant him asylum. "Ecuador has decided to grant political asylum to Julian Assange," Patino told a news conference in Quito. Ecuador's decision takes what has become an international soap opera to new heights since Assange first angered the United States and its allies by publishing secret U.S. diplomatic cables on his WikiLeaks website." The UK, needless to say, is not happy, and the UK foreign ministry has said it will carry out binding obligation to extradite Assange to Sweden. Looks like posturing is about to hit a crescendo and someone will have to do something. Because foreign politics and diplomacy is (luckily) not central planning.

Startling Evidence That Central Banks And Wall Street Insiders Are Rapidly Preparing For Something BIG

http://albertpeia.com/centralbankswallstreetinsidersprepforsomethingbig.htm

Jon Corzine Will Not Only Not Face Prosecution, But May Be Launching A Hedge Fund Imminently

Submitted by Tyler Durden on 08/16/2012

In what should be the biggst non-news of the day, the NYT is reporting that not only will Jon Corzine not face any criminal prosecution for vaporizing hundreds of millions in client money (which subsequently condensed in the JPM middle office), but will in fact be launching ... wait for it... a hedge fund. "A criminal investigation into the collapse of the brokerage firm MF Global and the disappearance of about $1 billion in customer money is now heading into its final stage without charges expected against any top executives. After 10 months of stitching together evidence on the firm’s demise, criminal investigators are concluding that chaos and porous risk controls at the firm, rather than fraud, allowed the money to disappear, according to people involved in the case." And algos... And glitches... And faulty software installs... And some junior person who has long since left the company...  and, and, and, lots and lots of passive voice... Because in the Banana republic of the crave, no bundles can ever go to jail, no matter how heinous the crime, which is not to say other places are better: in Thailand you shoot your secretary in the stomach during dinner with an Uzi and you don't even pay a $600 fine. But at least it puts things in perspective. So what is next in store for this former man of power? "Mr. Corzine, in a bid to rebuild his image and engage his passion for trading, is weighing whether to start a hedge fund, according to people with knowledge of his plans. He is currently trading with his family’s wealth. If he is successful as a hedge fund manager, it would be the latest career comeback for a man who was ousted from both the top seat at Goldman Sachs and the New Jersey governor’s mansion." So will Jon will be buying Italian bonds? We don't know. Ask him yourself.

Conflict Brewing Between UK And Ecuador As Latin American Country Agrees To Grant Asylum To Assange

Submitted by Tyler Durden on 08/16/2012

Are we about to see a mini-war on UK soil, if and when Britain decides to storm the Ecuadorian embassy, which moments ago announced it has granted asylum to Julian Assange? From Reuters: "Ecuador granted political asylum to Julian Assange on Thursday, ratcheting up tension in a standoff with Britain which has warned it could revoke the diplomatic status of Quito's embassy in London to allow the extradition of the WikiLeaks founder. The high-profile Australian former hacker has been holed up inside the red-brick embassy in central London for eight weeks since he lost a legal battle to avoid extradition to Sweden, where he is wanted for questioning over rape allegations. Ecuadorean Foreign Minister Ricardo Patino said he feared for the safety and rights of Assange which is why he said his country had decided to grant him asylum. "Ecuador has decided to grant political asylum to Julian Assange," Patino told a news conference in Quito. Ecuador's decision takes what has become an international soap opera to new heights since Assange first angered the United States and its allies by publishing secret U.S. diplomatic cables on his WikiLeaks website." The UK, needless to say, is not happy, and the UK foreign ministry has said it will carry out binding obligation to extradite Assange to Sweden. Looks like posturing is about to hit a crescendo and someone will have to do something. Because foreign politics and diplomacy is (luckily) not central planning.

8-16-12 WON'T BREAK THE CHAIN:
STICKING WITH LOBOTOMY JOE!

MSNBC Host: Romney Engaging In 'Niggerization' Of Obama { Well, if the shoe fits…and the shoe fits only too well for jive-talking, b***s***, grifter/fraud wobama, who has actually accorded protection to the black panthers who have threatened whites as matched with dasterdly deeds of violence by blacks against all other races! MSNBC said it, and truth be told, it doesn’t take much to see it in light of the fact that wobama’s just a typical jive-talking, incompetent, b***s*** nigger! }...

ROMNEY, RYAN PREPARE FOR ASSAULT ON OBAMA'S SPENDING...
U.S. Foreign Debt Hits Another Record...

Democrats' nerves start to show...
VA BAKER SAYS NO TO BIDEN STOP...
Secret Service buys cupcakes as thanks...
Customers flock in...
'OBAMA CAN KISS OUR A**'...

HOW LOW WILL IT GO? FACEBOOK STOCK PLUNGES...
Has lost half of value...

JULY DEADLIEST MONTH OF 2012 FOR TROOPS...
ARMY SUICIDES SET RECORD...
FBI: Federal court clerk sold secret info to L.A. gangsters...

New Jersey unemployment rate at 9.8%, highest since 1977...

REPORT: GM's European failure will prompt second Obama bailout...

CHICAGOLAND: City Worker Caught Stealing 500 Feet Of Copper -- Off Midway Airport Runway!

Ecuador grants WIKILEAKS founder asylum...
40 police surround embassy...
U.S. denies pushing arrest...

Obama defends Biden on 'chains' comment...

HE DID IT AGAIN: LIVING IN WRONG CENTURY!
REPORT: Obama has 22 days to drop Biden from ticket...
VIDEO: Biden Refers to Ryan as 'Governor'...
Now Social Security Administration To Purchase 174 Thousand Rounds Of Bullets!

Hypersonic aircraft crashes seconds into military test flight...

Thousands of Federal Retirees Get Six-Figure Pensions...

CHICAGOLAND: 50,000 line up for Obama amnesty program...
Labor Dept. Attempts to Stop Layoffs by Giving $100 Million to States, Subsidize Payrolls...

VIDEO: Biden Imitates Sign Language Lady… [ I’m quite serious when I say lobotomy joe biden had part of his brain removed… he literally had part of his brain surgically removed…his nonsensical outbursts are symptomatic of lobotomies generally…] ...
Wonderment Whether Biden Has 'Mental Capacity' for Presidency...
VP says 'We can win North Carolina' -- while campaigning in Virginia...

New Black Panthers to RNC: Our 'Feet Will Be On Your Motherf***ing Necks'{ Listen to these uncivilized, dumb niggers! This is typical nigger talk and predisposition to criminal action/violence! How can whites et als self-destructively embrace the niggers? Niggers are beasts of burden and burdens wherever they are. There are few physical tasks they do well and even fewer of said available tasks relative to their populations to make a difference. They are a near complete washout in non-physical tasks, are too costly and are bad workers, unproductive generally to employ and not worth the enormous cost and trouble. The very scant few exceptions are statistically insignificant. Niggers belong in jails where they can commit no crimes in general society; plus there’s the savings thereby on their invariably wasted welfare, programs in addition to their predisposed crimes on the outside…It is far cheaper to jail them which is best for civilized society (look at their off the charts crime rates, and that’s only those that are caught! They’ve literally destroyed cities as is so wherever they are in concentrated numbers. These are indisputable facts/truths that civilized societies/governments can no longer afford to deny.) } ...

REPORT: Ill. state workers forced to attend Pelosi, Jesse Jackson Jr. event on taxpayer dime...
Buchanan: 'Obama has steadily diminished both himself and the office he holds'...
Campaign admits knowing story behind flawed PAC attack ad...

UPDATE: Postal Service Posts Big Loss as Cash Runs Low...
UPDATE: Jesse Jackson Jr. being treated for bipolar disorder... { Mayo Clinic: Jackson has bipolar depression }
SPIRITS SPEAK TO PELOSI ( Riiiiight! And they keep telling her… ‘bankrupt america…bankrupt america…bankrupt america’….she believes them, tries her best to comply, and follows their advice! Meanwhile, by way of séance, hillary getting the message…’more world strife…more world strife…more world strife…’ and she’s complying! Not to be left out of democratic party stratagems, wobama’s been seen sticking pins into a doll that bears an uncanny resemblance to President Romney… If only they had a real strategy and knew what they were doing! ) ...
Over 100M in America on Federal Welfare...

Dave’s Daily: http://www.etfdigest.com 8-15-12 ‘It’s hard to imagine markets being this quietly determined to move higher without any dissent. Bears are in hibernation consistently put-off by fear of QE3 and HAL 9000s. (Rosengrens & Fisher duel over QE.) Economic data remains mixed with some better housing data but much worse manufacturing data given today’s poor Empire State Mfg Survey (-5.85 vs 7 expected & prior 7). Within that data was very poor employment trends and much higher prices paid data.The CPI came in flat which was strange given the 20% rise in most energy prices. The Homebuilders Sentiment rose to 37 from 35 which is the highest since February 2007 but we know what happened after that. Industrial Production was slightly higher (.6%) and energy inventories dropped substantially allowing for more price gains.A chart from the Fed shows “completed” new homes and presents a rather different picture. http://albertpeia.com/newhousingunitscompleted.jpg , EUROPE HAS TWO POTENTIAL “HAIL MARY” PASSES … WOULD EITHER OF THEM WORK { Short Answer: NO! } ? http://albertpeia.com/europesbailmario.htm ,

THE CODY WORD Prepare for the crash now.

, Guest Post: We Are All Muppets Now Muppets only complain when the prop jobs and skimming fail to deliver fat gains to their accounts. But being a muppet is being a mark: it's the muppets who are being milked and skimmed. Being a participant in a hopelessly compromised, rigged market makes us marks because we're ultimately providing liquidity and capital for the players to skim. When the officially sanctioned intervention finally fails and the market leaks 40% of its current value, the muppets will finally understand the "outsized returns" were just a con used to entice them into playing digital 3-card monte. The game is rigged, but the greed of the player overrides his skepticism and caution. The same can be said for pension funds and all the other institutional players. Desperate for yield, they've foolishly ponied up hundreds of billions of dollars to play 3-card monte with crooked dealers and a crooked house

The Hoarding Continues: China Has Imported More Gold In Six Months Than Portugal's Entire Gold Reserve ZeroHedge.com , Guest Post: The Biggest Conflict Of Interest In Finance? Maybe this is a naive question, but as Goldman clients get skinned again and again and again and again and again by Goldman’s failed calls — while Goldman itself continues to rack up prop trading profits — I keep wondering just why anyone would take investment advice from a trading firm? And beyond that, why is it even legal for trading firms to advise clients? Isn’t this the biggest conflict of interest possible? We know firms including Goldman have advised clients to buy junk that the trading arm wants to get off its books. , Spot The Looming Crisis Yes, we all know that Europe is in deep, deep, trouble, and we all know that Europe has a major fiscal deficit issue which is why well over half of the Eurozone is effectively locked out of the capital markets, and only has funding courtesy of various back door Ponzi schemes funded by the ECB, and we also all know that on a consolidated basis Europe's debt/GDP is very high. But the truth is that at least Europe is taking small steps to rectify its historic profligacy and is at least pretending to be implementing austerity (in some cases actually truly doing so). How about the US. Well, the chart below should answer that particular question. Because while the consolidated GDP of the US and Europe are nearly identical, they differ very materially in terms of both fiscal deficit, and total Debt/GDP. The chart below shows precisely where the differences lie between the United States of Europe and the United States of America. , Guest Post: Former Central Bankers Step Up Against The Central Banks , Fed's Fisher Reluctant To 'Bail Out White House' With More QE It was not enough that the Fed's Richard Fisher was 'allowed' on CNBC this afternoon to expropriate himself and his merry-Fed-men from his 'fanatical' colleague nemesis Rosengren; but Maria B., for one glorious moment, asked a question so sensible it was stunning: "Is The Fed Bailing Out The White House?" The notably business-man-background Fisher was wonderfully heretical in explaining that additional stimulus would have little impact, that the Fed's action would indeed 'look political', and that "US lawmakers need to get their fiscal act together." While he doesn't see a high likelihood of a recession in 2013, he comprehends clearly the wait-and-see 'defensive crouch' that businesses are in given the huge uncertainty. On a slow day, with so much print-and-it's-all-fixed hope, the clarifying vision of at least one man on the FOMC is perhaps worth holding onto. , Global Car-Maker Channel Stuffing Conspiracy 'Theory' Now Conspiracy 'Fact' , Guest Post: The Sentinel Case - Another Nail In The Coffin Of 'Market Confidence' , Crushed Consumption: The Unintended Consequence Of Bernanke's Arrogance With the Fed lowering interest rates and flattening the curve in an effort to squeeze any- and every-one into risk-assets and mal-investment; the sad truth of this action is that it forces a drastic unintended consequence on the growing population of people that actually care about the future. Critically, as Citi points out, lower yields require much higher rates of saving (both corporates and households) and while 10% of salary allocated to 'retirement savings' will meet its goals with a 4% return hurdle, at current low yields, the average-joe in the street will need to 'save' 25% of his income - cutting heavily into his current consumptive and discretionary iPad needs. , Summarizing America's Record Drought In One Picture , Crude Spikes On Renewed Mid-East War Fears As Saudi Arabia Recalls Lebanon Citizens , On GDP vs Equity Returns, Bill Gross Is In Fact Right... With A Twist … Hence, equities for the short- and long-term, are essentially a Ponzi scheme … , Killing The 'Stocks Are Cheap' Myth Once And For All

The Mississippi River Is Drying Up http://albertpeia.com/mississippidryingup.htm

EUROPE HAS TWO POTENTIAL “HAIL MARY” PASSES … WOULD EITHER OF THEM WORK { Short Answer: NO! } ?

August 15, 2012 By gpc1981 http://albertpeia.com/europesbailmario.htm

The Mississippi River Is Drying Up

http://albertpeia.com/mississippidryingup.htm

8-15-12 Obama defends Biden on 'chains' comment...

HE DID IT AGAIN: LIVING IN WRONG CENTURY!
REPORT: Obama has 22 days to drop Biden from ticket...
VIDEO: Biden Refers to Ryan as 'Governor'...
Now Social Security Administration To Purchase 174 Thousand Rounds Of Bullets!

Hypersonic aircraft crashes seconds into military test flight...

Thousands of Federal Retirees Get Six-Figure Pensions...

CHICAGOLAND: 50,000 line up for Obama amnesty program...
Labor Dept. Attempts to Stop Layoffs by Giving $100 Million to States, Subsidize Payrolls...

VIDEO: Biden Imitates Sign Language Lady… [ I’m quite serious when I say lobotomy joe biden had part of his brain removed… he literally had part of his brain surgically removed…his nonsensical outbursts are symptomatic of lobotomies generally…] ...
Wonderment Whether Biden Has 'Mental Capacity' for Presidency...
VP says 'We can win North Carolina' -- while campaigning in Virginia...

New Black Panthers to RNC: Our 'Feet Will Be On Your Motherf***ing Necks'{ Listen to these uncivilized, dumb niggers! This is typical nigger talk and predisposition to criminal action/violence! How can whites et als self-destructively embrace the niggers? Niggers are beasts of burden and burdens wherever they are. There are few physical tasks they do well and even fewer of said available tasks relative to their populations to make a difference. They are a near complete washout in non-physical tasks, are too costly and are bad workers, unproductive generally to employ and not worth the enormous cost and trouble. The very scant few exceptions are statistically insignificant. Niggers belong in jails where they can commit no crimes in general society; plus there’s the savings thereby on their invariably wasted welfare, programs in addition to their predisposed crimes on the outside…It is far cheaper to jail them which is best for civilized society (look at their off the charts crime rates, and that’s only those that are caught! They’ve literally destroyed cities as is so wherever they are in concentrated numbers. These are indisputable facts/truths that civilized societies/governments can no longer afford to deny.) } ...

REPORT: Ill. state workers forced to attend Pelosi, Jesse Jackson Jr. event on taxpayer dime...
Buchanan: 'Obama has steadily diminished both himself and the office he holds'...
Campaign admits knowing story behind flawed PAC attack ad...

UPDATE: Postal Service Posts Big Loss as Cash Runs Low...
UPDATE: Jesse Jackson Jr. being treated for bipolar disorder... { Mayo Clinic: Jackson has bipolar depression }
SPIRITS SPEAK TO PELOSI ( Riiiiight! And they keep telling her… ‘bankrupt america…bankrupt america…bankrupt america’….she believes them, tries her best to comply, and follows their advice! Meanwhile, by way of séance, hillary getting the message…’more world strife…more world strife…more world strife…’ and she’s complying! Not to be left out of democratic party stratagems, wobama’s been seen sticking pins into a doll that bears an uncanny resemblance to President Romney… If only they had a real strategy and knew what they were doing! ) ...
Over 100M in America on Federal Welfare...

You Will Not Believe What Some People Are Willing To Do For A Paycheck These Days

http://albertpeia.com/desperateforapaycheck.htm

Stop Fooling Yourself NO Entity On Earth Can Prevent This

August 14, 2012 By gpc1981

http://albertpeia.com/stopfoolingyourselftheyhavenosolution.htm

8-14-12 DER SPIEGEL: Investors Prepare for Euro Collapse...
Summer of gloom in Rome...
Honeymoon over, outlook worse for French president...
...vows to impose order after rioting

Obama campaign: 'We have no problem with those comments'...
ROMNEY camp: 'New low'...
VIDEO: Biden Imitates Sign Language Lady… [ I’m quite serious when I say lobotomy joe biden had part of his brain removed… he literally had part of his brain surgically removed…his nonsensical outbursts are symptomatic of lobotomies generally…] ...
Wonderment Whether Biden Has 'Mental Capacity' for Presidency...
VP says 'We can win North Carolina' -- while campaigning in Virginia...

New Black Panthers to RNC: Our 'Feet Will Be On Your Motherf***ing Necks'{ Listen to these uncivilized, dumb niggers! This is typical nigger talk and predisposition to criminal action/violence! How can whites et als self-destructively embrace the niggers? Niggers are beasts of burden and burdens wherever they are. There are few physical tasks they do well and even fewer of said available tasks relative to their populations to make a difference. They are a near complete washout in non-physical tasks, are too costly and are bad workers, unproductive generally to employ and not worth the enormous cost and trouble. The very scant few exceptions are statistically insignificant. Niggers belong in jails where they can commit no crimes in general society; plus there’s the savings thereby on their invariably wasted welfare, programs in addition to their predisposed crimes on the outside…It is far cheaper to jail them which is best for civilized society (look at their off the charts crime rates, and that’s only those that are caught! They’ve literally destroyed cities as is so wherever they are in concentrated numbers. These are indisputable facts/truths that civilized societies/governments can no longer afford to deny.) } ...

REPORT: Ill. state workers forced to attend Pelosi, Jesse Jackson Jr. event on taxpayer dime...
Buchanan: 'Obama has steadily diminished both himself and the office he holds'...
Campaign admits knowing story behind flawed PAC attack ad...

UPDATE: Postal Service Posts Big Loss as Cash Runs Low...
UPDATE: Jesse Jackson Jr. being treated for bipolar disorder... { Mayo Clinic: Jackson has bipolar depression }
SPIRITS SPEAK TO PELOSI ( Riiiiight! And they keep telling her… ‘bankrupt america…bankrupt america…bankrupt america’….she believes them, tries her best to comply, and follows their advice! Meanwhile, by way of séance, hillary getting the message…’more world strife…more world strife…more world strife…’ and she’s complying! Not to be left out of democratic party stratagems, wobama’s been seen sticking pins into a doll that bears an uncanny resemblance to President Romney… If only they had a real strategy and knew what they were doing! ) ...
Over 100M in America on Federal Welfare...

Gingrich Warns: Obama 'direct threat' to my grandchildren's future...

BOOK: Blago claimed $25,000 channeled to Obama...

Miami Cannibal Victim's First Interview: 'He Just Ripped Me To Ribbons. He Chewed Up My Face. He Plucked Out My Eyes'...

WHO NEEDS CONGRESS? (Not wobama the dictator!) Obama Considering Executive-Branch Action on 'Internet Security'...

Nearly half of long-term U.S. immigrants are on welfare...

$5.2b in fraudulent tax refunds to immigrants...

OBAMA (who plays his 104^th round of golf as potus) POPULARITY SOARS -- IN NIGGERTOWN DC!

Plays 104th round of golf (as nation flounders)...
HARRY REID HELPS CHINESE SOLAR FIRM REPRESENTED -- BY HIS SON!
PAPER: It's time to fight back against Dirty Harry...
Wife: Rep. Jesse Jackson Jr. getting treatment but 'still very depressed'...
Ethics investigation continues...

BIASED MEDIA BASH: 86% of Romney coverage NEGATIVE... { Friday Humor: (obama last campaign) "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Wow! The only explanation might be they’ve been duped by wobama along with the rest of the nation and are too embarrassed for not doing their reasonably expected due diligence on grifter obama and just won’t own up to the reality of the fraud called wobama! Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … ) Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm [ the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’] }

Boehner: Obama has 'never even had a real job, for God's sake'...

8-13-12 Dave’s Daily: http://www.etfdigest.com COMPLACENCY IN LATE AUGUST 8-13-12 { Complacency? More like insanity as market reactions were the logical opposites to what the data would dictate, infra. But, that’s been true for quite some time on fraudulent wall street. }

Are The Government And The Big Banks Quietly Preparing For An Imminent Financial Collapse? http://albertpeia.com/imminentfinancialcollapse.htm

How to Spot – and Defeat – Disruption on the Internet Posted by : George Washington Post date: 08/13/2012 - 15:43 The 15 Rules of Web Disruption

David Martin’s Thirteen Rules for Truth Suppression,  H. Michael Sweeney’s 25 Rules of Disinformation (and now Brandon Smith’s Disinformation: How It Works) are classic lessons on how to spot disruption and disinformation tactics.

We’ve seen a number of tactics come and go over the years.  Here are the ones we see a lot of currently.

#1.  Start a partisan divide-and-conquer fight or otherwise push emotional buttons to sew discord and ensure that cooperation is thwarted.   Get people fighting against each other instead of the corrupt powers-that-be.  Use baseless caricatures to rile everyone up.  For example,  start a religious war whenever possible using stereotypes like “all Jews are selfish”, “all Christians are crazy” or “all Muslims are terrorists”.  Accuse the author of being a gay, pro-abortion limp-wristed wimp  or being a fundamentalist pro-war hick when the discussion has nothing to do with abortion, sexuality, religion, war or region.  Appeal to people’s basest prejudices and biases. And – as Sweeney explains – push the author into a defensive posture:

Sidetrack opponents with name calling and ridicule … Associate opponents with unpopular titles such as “kooks”, “right-wing”, “liberal”, “left-wing”, “terrorists”, “conspiracy buffs”, “radicals”, “militia”, “racists”, “religious fanatics”, “sexual deviates”, and so forth. This makes others shrink from support out of fear of gaining the same label, and you avoid dealing with issues.

#2.  Pretend it’s hopeless because we’ll be squashed if we try.  For example, every time a whistleblower leaks information, say “he’s going to be bumped off”.   If people talk about protesting, organizing, boycotting, shareholder activism, spreading the real facts, moving our money or taking other constructive action, write things to scare and discourage people, say something like  “we don’t have any chance because they have drones and they’ll just kill us if we try”,  or “Americans are too stupid, lazy and greedy, so they’ll never help out.”  Encourage people to be apathetic instead of trying to change things.

#3.  Demand complete, fool-proof and guaranteed solutions to the problems being discussed.   For example, if a reporter breaks the story that the big banks conspired to rig a market, ask “given that people are selfish and that no regulation can close all possible loopholes … how are you going to change human nature?”, and pretend that it’s not worth talking about the details of the market manipulation.  This discourages people from reporting on and publicizing the corruption, fraud and other real problems.  And it ensures that not enough people will spread the facts so that the majority know what’s really going on.

#4. Suggest extreme, over-the-top, counter-productive solutions which will hurt more than help, or which are wholly disproportionate to what is being discussed.   For example, if the discussion is whether or not to break up the big banks or to go back on the gold standard, say that everyone over 30  should be killed because they are sell-outs and irredeemable, or that all of the banks should be bombed. This discredits the attempt to spread the facts and to organize, and is simply the web method of the provocateur.

#5.  Pretend that alternative media – such as blogs written by the top experts in their fields, without any middleman – are untrustworthy or are motivated solely by money (for example, use the derogatory term “blogspam” for any blog posting, pretending that there is no original or insightful reporting, but that the person is simply doing it for ad revenue).

#6.  Coordinate with a couple of others to “shout down” reasonable comments.  This is especially effective when the posters launch an avalanche of comments in quick succession … the original, reasonable comment gets lost or attacked so much that it is largely lost.

#7.  Use an army of sock puppets.  You can either hire low-wage workers in India or other developing countries to “astroturf” or – if you work for the government – you can use software which allows you to quickly create and alternate between numerous false identities, each with their own internet address.

#8. Censor social media, so that the hardest-hitting information is buried. If you can’t censor it, set up “free speech zones” to push dissent into dank, dark corners where no one will see it.

#9.  When the powers-that-be cut corners and take criminally reckless gambles with our lives and our livelihoods, protect them by pretending that the inevitable result - nuclear accidents, financial crises,  terrorist attacks or other disasters – were “unforeseeable” and that “no could have known”.

#10.  Protect the rich and powerful by labeling any allegations of criminal activity as being a “conspiracy theory”.  For example, when Goldman gets caught rigging markets, label the accusations as mere conspiracies.

The following 4 tactics from Sweeney are also still commonly used …

#11. Become incredulous and indignant. Avoid discussing key issues and instead focus on side issues which can be used show the topic as being critical of some otherwise sacrosanct group or theme. This is also known as the “How dare you!” gambit.

#12. Use a straw man. Find or create a seeming element of your opponent’s argument which you can easily knock down to make yourself look good and the opponent to look bad. Either make up an issue you may safely imply exists based on your interpretation of the opponent/opponent arguments/situation, or select the weakest aspect of the weakest charges. Amplify their significance and destroy them in a way which appears to debunk all the charges, real and fabricated alike, while actually avoiding discussion of the real issues.

#13. Hit and Run. In any public forum, make a brief attack of your opponent or the opponent position and then scamper off before an answer can be fielded, or simply ignore any answer. This works extremely well in Internet and letters-to-the-editor environments where a steady stream of new identities can be called upon without having to explain criticism reasoning — simply make an accusation or other attack, never discussing issues, and never answering any subsequent response, for that would dignify the opponent’s viewpoint.

#14. Question motives. Twist or amplify any fact which could so taken to imply that the opponent operates out of a hidden personal agenda or other bias. This avoids discussing issues and forces the accuser on the defensive.

#15. Associate opponent charges with old news. A derivative of the straw man usually, in any large-scale matter of high visibility, someone will make charges early on which can be or were already easily dealt with. Where it can be foreseen, have your own side raise a straw man issue and have it dealt with early on as part of the initial contingency plans. Subsequent charges, regardless of validity or new ground uncovered, can usually them be associated with the original charge and dismissed as simply being a rehash without need to address current issues — so much the better where the opponent is or was involved with the original source.

Postscript:  Over a number of years, we’ve found that the most effective way to fight disruption and disinformation is to link to a post such as this one which rounds up disruption techniques, and then to cite the disinfo technique you think is being used.

Specifically, we’ve found the following format to be highly effective in educating people in a non-confrontational manner about what the disrupting person is doing:

Good Number 1!

Or:

Thanks for that textbook example of Number 7!

(Include the link, so people can see what you're referring to.)

The reason this is effective is that other readers will learn about the specific disruption tactic being used … in context, like seeing wildlife while holding a wildlife guide, so that one learns what it looks like “in the field”.   At the same time, you come across as humorous and light-hearted instead of heavy-handed or overly-intense.

Try it … It works.’

Even the Mainstream Media Now Thinks Germany Will Walk

August 12, 2012 By gpc1981

http://albertpeia.com/eurocollapse.htm

8-13-12 UPDATE: Taxpayer loss on auto bailout revised upward to $25b...
Obama Campaign Defends President's $700 Billion Cuts to Medicare...
HOUSE SUES HOLDER
10,000+ ROMNEYRYAN RALLY IN WI
REPORT: Obama fundraiser in Chicago. 'Admission only $51, but room is half full'...
GOOGLE to Cut 4,000 Jobs...
NO DOUBT: Michelle O Has 'Sunday of Fun' at Stefani's House...
UPDATE: Jesse Jackson Jr. being treated for bipolar disorder... { Mayo Clinic: Jackson has bipolar depression }
U.S. destroyer collides with oil tanker in Strait of Hormuz...
Greece sinks again, more cuts to save bailout in store...
Merkel ally sends stark warning...
Buchanan: 'Obama has steadily diminished both himself and the office he holds'...
Campaign admits knowing story behind flawed PAC attack ad...

UPDATE: Postal Service Posts Big Loss as Cash Runs Low...

SPIRITS SPEAK TO PELOSI ( Riiiiight! And they keep telling her… ‘bankrupt america…bankrupt america…bankrupt america’….she believes them, tries her best to comply, and follows their advice! Meanwhile, by way of séance, hillary getting the message…’more world strife…more world strife…more world strife…’ and she’s complying! Not to be left out of democratic party stratagems, wobama’s been seen sticking pins into a doll that bears an uncanny resemblance to President Romney… If only they had a real strategy and knew what they were doing! ) ...
Over 100M in America on Federal Welfare...

11 Things That Can Happen When You Allow Your Country To Become Enslaved To The Bankers

http://albertpeia.com/nationalconsequencesofenslavementtobankers.htm { I really have to tell you, I’d rather be enslaved by bankers than … Jano, see supra … Just kidding! Neither, is my real answer! }

Drudgereport: VIDEO: Paul Ryan took apart Obama and Obamacare -- in 6 minutes!
Romney Running Mate 9AM ET Saturday in Norfolk...
Nauticus Museum, home of USS Wisconsin...
SOURCES: Final names were Ryan, Rubio, Pawlenty, Christie, Portman and one unnamed wild card...
ROMNEY MADE CALLS LATE LAST NIGHT TO THOSE WHO DID NOT GET SLOT...

RYAN ROCKS IT!

Obama Super PAC Ready to Launch More 'Incendiary' Attacks...
GALLUP: O APPROVAL SLIPS TO 43%...
SPIKE LEE: 'EXPECTATIONS WERE WAY TOO HIGH'...
REPORT: STAR OF FLAWED 'CANCER' AD OFFERED BUYOUT...
'A cancer within the cloak of the Presidency'...

U.S. banks told to make plans for preventing collapse...

Niggertown DC judge robbed at gunpoint...

NINTH CIRCUIT COURT HEADS TO HAWAIIAN JUNKET DESPITE OUTCRY
YOGA, SURFING, ZUMBA DANCING!

Dave’s Daily: http://www.etfdigest.com ‘MARKET SUMMER BOREDOM CONTINUES 8-9-12 The good news from the U.S. today was Jobless Claims declined (361K vs 367 expected & prior revised higher to 367K allowing for a larger beat). That was about it for good news. The bad news was 127K were dropped from the rolls as their benefits have expired and, wait for it…the Bureau of Labor Statistics goofed releasing this news 12 hours before time. Fear not, the BLS is investigating and you can expect results of this breach in the distant future. More news included an increase in international trade ($-42.9B vs expected $-47.5B & prior revised to $-48B); the Bloomberg Consumer Comfort Index fell (-41.9 vs prior -39.7 probably due to rising energy & food costs) and, Wholesale Trade fell (-.2% vs .3% expected & prior revised to .0% from .3%). Taken as a whole the data wasn’t inspiring although some thought the trade data was suggestive of a small rebound in GDP.From overseas China Factory Production fell to a 3 year low; inflation increased 1.8% and Home Sales fell 14.5% and prices declined (gulp!) $71B. In the UK exports declined 4.9% which must be Olympic gear is staying home?The dollar (UUP) was higher and bonds (IEF) & (TLT) were weaker. Gold (GLD) barely budged and commodities (DBC) were higher led by grains (JJG).Other than this news markets remained motionless on light volume…’ , The Sobering Reality Of What Life Is Like In Reno, Nevada http://albertpeia.com/realityofdyinguscitieslikerenonv.htm , What the ECB Can Actually Do... Not Much Posted by: Phoenix Capital... So there is literally NO option that could save Europe at this point. We can get verbal interventions and symbolic gestures (such as Draghi's "bazooka" threat), but the fact of the... http://albertpeia.com/marketsshortsqueezeeurophorialunacy.htm , The Whack-A-Mole Algo Is Back ZerpHedge.com , Guest Post: Want More Tax Revenue? Increase Jobs Not Rates The Obama campaign has amplified its push on increasing taxes on the wealthy and has painted Mitt Romney as a Robin-hood in reverse saying that he wants to take from the poor and give to the rich.  The attack on Romney is incorrect as the real truth is that it is the current Administration that is failing, once again, to recognize that the problems facing the economy has nothing to do with the current tax rate structure.  It is election season, however…’ , Forget The Fiscal Cliff, Here Comes The Corporate Bond Maturity Wall , Your Complete Guide To The Coming Fiscal Cliff , Art Cashin On "The Folks Who Brought You 1.5% GDP and 8.3% Unemployment" , Wholesale Inventories Drop MoM First Time in 9 Months , Bloomberg Consumer Comfort Index Back At 'Severe Economic Discontent' Level , Insolvent US Postal Service Loses Whopping $5.2 Billion In Third Quarter, 70% Higher Than Year Ago

Disinformation: How It Works The best way to disarm disinformation agents is to know their methods inside and out. This gives us the ability to point out exactly what they are doing in detail the moment they try to do it. Immediately exposing a disinformation tactic as it is being used is highly destructive to the person utilizing it. It makes them look foolish, dishonest and weak for even making the attempt. Internet trolls most especially do not know how to handle their methods being deconstructed right in front of their eyes and usually fold and run from debate when it occurs. The truth is precious. It is sad that there are so many in our society who have lost respect for it; people who have traded in their conscience and their soul for temporary financial comfort while sacrificing the stability and balance of the rest of the country in the process. Disinformation does not only threaten our insight into the workings of our world; it makes us vulnerable to fear, misunderstanding, and doubt: all things that lead to destruction. It can drive good people to commit terrible atrocities against others, or even against themselves. Without a concerted and organized effort to diffuse mass-produced lies, the future will look bleak indeed.

The Sobering Reality Of What Life Is Like In Reno, Nevada

http://albertpeia.com/realityofdyinguscitieslikerenonv.htm

What the ECB Can Actually Do... Not Much

Posted 8-9-12 by: Phoenix Capital... So there is literally NO option that could save Europe at this point.

http://albertpeia.com/marketsshortsqueezeeurophorialunacy.htm

Drudgereport: 8-09-12 Buchanan: 'Obama has steadily diminished both himself and the office he holds'...
Campaign admits knowing story behind flawed PAC attack ad...

UPDATE: Postal Service Posts Big Loss as Cash Runs Low...

SPIRITS SPEAK TO PELOSI ( Riiiiight! And they keep telling her… ‘bankrupt america…bankrupt america…bankrupt america’….she believes them, tries her best to comply, and follows their advice! Meanwhile, by way of séance, hillary getting the message…’more world strife…more world strife…more world strife…’ and she’s complying! Not to be left out of democratic party stratagems, wobama’s been seen sticking pins into a doll that bears an uncanny resemblance to President Romney… If only they had a real strategy and knew what they were doing! ) ...

ITALY SLAMS GERMANY IN EU FIGHT...
More Abandoned Children as Austerity Wears On...
Greek jobless rate hits record...

Over 100M in America on Federal Welfare...

Gingrich Warns: Obama 'direct threat' to my grandchildren's future...

BOOK: Blago claimed $25,000 channeled to Obama...

Miami Cannibal Victim's First Interview: 'He Just Ripped Me To Ribbons. He Chewed Up My Face. He Plucked Out My Eyes'...

WHO NEEDS CONGRESS? (Not wobama the dictator!) Obama Considering Executive-Branch Action on 'Internet Security'...

Nearly half of long-term U.S. immigrants are on welfare...

$5.2b in fraudulent tax refunds to immigrants...

OBAMA (who plays his 104^th round of golf as potus) POPULARITY SOARS -- IN NIGGERTOWN DC!

Plays 104th round of golf (as nation flounders)...
HARRY REID HELPS CHINESE SOLAR FIRM REPRESENTED -- BY HIS SON!
PAPER: It's time to fight back against Dirty Harry...
Wife: Rep. Jesse Jackson Jr. getting treatment but 'still very depressed'...
Ethics investigation continues...

BIASED MEDIA BASH: 86% of Romney coverage NEGATIVE... { Friday Humor: (obama last campaign) "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Wow! The only explanation might be they’ve been duped by wobama along with the rest of the nation and are too embarrassed for not doing their reasonably expected due diligence on grifter obama and just won’t own up to the reality of the fraud called wobama! Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … ) Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm [ the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’] }

Boehner: Obama has 'never even had a real job, for God's sake'...
O BRINGS BACK TELEPROMPTER...

One Last Breadth: 3 Reasons to Not Trust this Market By Chad Karnes ETFguide , Dave’s Daily: http://www.etfdigest.com ‘THE DEATH OF VOLUME 8-8-12 … We’re on the downside of the earnings news cycle and while many reports have beaten estimates those were much reduced. Further revenues and guidance have been weak overall. Bond (IEF) investors didn’t seem to like the 10-year Treasury auction which saw yields rise dramatically from 1.45% just a month ago to 1.68% Wednesday. , France to slide into recession says central bank France's central bank expects the country to slip into recession in the third quarter with many EU countries already in recession in the wake of the debt crisis. , Top Obama watchdog: America's 'pretty f**ked' If you are looking for opinions on the current state of the country, former TARP Inspector General Neil Barofsky is opening up about what he thinks of America. And, if you ask him, the whole nation might be pretty damn f**ked. , More Than 100 Million Americans Are On Welfare

Guest Post: QE Forever And Ever? The lunatics are running the asylum. This is the only conclusion one can come to when considering the nonchalance with which what was once considered an extraordinary policy with a firm 'exit' in mind is now propagated as a perfectly normal 'tool' to be employed at the drop of a hat. We refer of course to so-called 'quantitative easing' (QE), which really is a euphemism for money printing. Apart from his sole focus on short term outcomes, an important point that seems not be considered by the FOMC's Rosengren this week is the question of what should happen if the 'open-ended' QE policy were to fail to achieve its stated goals. He seems to assume that it will succeed in lowering unemployment and creating 'economic growth' as a matter of course. It goes without saying that money printing cannot create a single molecule of real wealth. If it could, then Zimbabwe wouldn't be a basket case, but a Utopia of riches. We must infer from Rosengren's idea of implementing open-ended QE until  certain benchmarks in terms of unemployment and 'growth' are achieved, that in case they remain elusive, extraordinary rates of money printing would simply continue until the underlying monetary system breaks down.

Completely Surrounded By Psychopaths And Sociopaths As We Approach The Edge Of Societal Collapse

http://albertpeia.com/psycopathssociopathsamericasocietalcollapse.htm

{ Think about this! By wobama’s own criteria in his last total b***s*** campaign, he should be stepping down; having failed on all counts and then some. He also promised to cut the nation’s deficit in half by the end of his term; yet, he has increased the nation’s deficit by a record amount greater than all the presidents since Eisenhower COMBINED ($5 trillion). He has done this to help cover up his unequivocal failure by any standard by which you measure a presidency, including his own. People in america must show the Washingtonians they are not doormats! They must stand up and let these politicos know that results count; particularly promised results. Absent positive results as with unmitigated failure, choom-gang-banger wobama, they get the boot. President Romney deserves the 4 years he’ll have to turn this disaster called america around. If President Romney doesn’t cut the mustard in 4 years as promised, then he will be out. Results Count! I believe that people in the final analysis will choose self-respect; that is, choose NOT to be wobama’s doormat. Despite and contrary to wobama’s spin/propagandameisters’ desperate spin/outright falsity which addresses anything but wobama’s clear record of failure, President Romney is smart enough, flexible enough, and with a record of concrete results behind him as compared to wobama choom fantasy/b***s***, President Romney will be a hands-on President to the entire nation in the most positive sense. As such, I believe people will choose self-respect, reality, real results which will make President Romney’s election a substantial margin blowout victory!

Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … ) Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm }

More Than 100 Million Americans Are On Welfare

http://albertpeia.com/morethan100millionamericansonwelfare.htm

Drudgereport: 8-08-12 Over 100M in America on Federal Welfare...

Gingrich Warns: Obama 'direct threat' to my grandchildren's future...

BOOK: Blago claimed $25,000 channeled to Obama...

Miami Cannibal Victim's First Interview: 'He Just Ripped Me To Ribbons. He (the black cannibal) Chewed Up My Face. He Plucked Out My Eyes'...

WHO NEEDS CONGRESS? (Not wobama the dictator!) Obama Considering Executive-Branch Action on 'Internet Security'...

Nearly half of long-term U.S. immigrants are on welfare...

$5.2b in fraudulent tax refunds to immigrants...
Romney says Obama favors 'culture of dependency'...

OBAMA: 'I'm not the president of black America'… { Well, meaningless distinctions notwithstanding, as of January 21, 2013, this failed president B.0. is president of nothing! } ...
Blames State, Local Govts, Congress for 14.1% Black Unemployment...

Voters in Detroit Turned Away For Refusing To Fill In Citizenship Box On Ballot...
Polls open late after official oversleeps … { just another day in niggertown detroit! } ...

SHOCK VIDEO: Abortionist says ridding 'ugly black babies' service to taxpayers { Well, sometimes the truth hurts! }...

Obama stops taking questions from press...

OBAMA (who plays his 104^th round of golf as potus) POPULARITY SOARS -- IN NIGGERTOWN DC!

Plays 104th round of golf (as nation flounders)...
HARRY REID HELPS CHINESE SOLAR FIRM REPRESENTED -- BY HIS SON!
PAPER: It's time to fight back against Dirty Harry...

Dave’s Daily: http://www.etfdigest.com ‘THE EUROZONE WILL ERUPT AGAIN 8-7-12, 14 Questions People Ask About How To Prepare For The Collapse Of The Economy http://albertpeia.com/preparingforcollapseofeconomy.htm , Europe Is Not a Matter of Opinion… It’s a Matter of Math

Guest Post: US Government Proposes Law Making It Illegal For Them To Kill You Last Friday, US Congressman Dennis Kucinich introduced HR 6357, a bill which aims to ‘prohibit the extrajudicial killing of United States citizens’ by the federal government. In other words, in the Land of the Free, they need to pass a law to prevent the government from indiscriminately murdering its own citizens. Now if this doesn’t give one reason to pause and consider the distortions of liberty that have taken place in western civilization, I don’t know what will. Ask yourself, are you really living in a free society? Are you free? If not, why not? What else could possibly be more important? It takes courage to answer honestly.

14 Questions People Ask About How To Prepare For The Collapse Of The Economy

http://albertpeia.com/preparingforcollapseofeconomy.htm

Europe Is Not a Matter of Opinion… It’s a Matter of Math

http://albertpeia.com/eumathinsolvency.htm

8-07-12 Romney says Obama favors 'culture of dependency'...

OBAMA: 'I'm not the president of black America'… { Well, meaningless distinctions notwithstanding, as of January 21, 2013, this failed president B.0. is president of nothing! } ...
Blames State, Local Govts, Congress for 14.1% Black Unemployment...

Voters in Detroit Turned Away For Refusing To Fill In Citizenship Box On Ballot...
Polls open late after official oversleeps … { just another day in niggertown detroit! } ...

SHOCK VIDEO: Abortionist says ridding 'ugly black babies' service to taxpayers { Well, sometimes the truth hurts! }...

Obama stops taking questions from press...

OBAMA (who plays his 104^th round of golf as potus) POPULARITY SOARS -- IN NIGGERTOWN DC!

Plays 104th round of golf (as nation flounders)...
HARRY REID HELPS CHINESE SOLAR FIRM REPRESENTED -- BY HIS SON!
PAPER: It's time to fight back against Dirty Harry...
Wife: Rep. Jesse Jackson Jr. getting treatment but 'still very depressed'...
Ethics investigation continues...

Dead Crops, Extreme Drought And Endless Wildfires Are Now The New Normal In America
http://albertpeia.com/deadcropsdroughtwildfiresnewusnormal.htm

What in the World Has Happened to the FBI/DOJ?
FBI Nazi Bikers Bust FBI Nazi Group http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm

Why Europe Matters… And How Spain Could Wipe Out Your 401(k) Posted by : Phoenix Capital... Post date: 08/06/2012 – http://albertpeia.com/eumatterswipeoutyour401k.htm In simple terms Europe is a HUGE deal for everyone. We’re not talking about some distant region far off in the distance that we will watch go down from our decks. We’re talking...

Obama Is Using The Curiosity Landing To Push Government Spending

Business Insider | President Barack Obama congratulated NASA on its successful mission to send a robotic rover to Mars tonight, calling the landing of the Curiosity an “unprecedented feat of technology.” { Riiiiight! ….. Geeeh! And here, I already thought they’ve already done that … and, it’s so helped america’s fiscal and economic position in the solar system! } { MISSIONS TO MARS TIMELINE: 1992 to 2004

September 25, 1992 - Mars Observer launched. Spacecraft designed to map the martian surface from orbit with a large, sophisticated science payload.

August, 1993 - contact lost with Mars Observer.

1995 - NASA selects Mars Polar Lander for 1999 launch.

1996 - Athena Mars Rover mission proposed (unsuccessfully) to NASA Discovery Program for launch in 2002.

November 7, 1996 - Mars Global Surveyor launched.

November 16, 1996 - Russian Mars '96 orbiter/landers launched.

November 17, 1996 - Mars '96 fails to achieve insertion into Mars cruise trajectory and re-enters the Earth's atmosphere.

December 4, 1996 - Mars Pathfinder launched.

July 4, 1997 - Mars Pathfinder lands on Mars and begins a successful mission.

September 11, 1997 - Mars Global Surveyor arrives at Mars and begins a successful mission that continues today.

September 27, 1997 - last successful data transmission from Mars Pathfinder

November, 1997 - Athena Mars Rover Payload selected for launch in 2001.

Spring, 1998 - NASA and JPL announce that due to engineering problems and funding shortages in the Mars program, launch of the Athena Mars Rover Payload will be delayed until 2003, with landing in 2004. Instead, NASA will send a stationary lander (similar to the Mars Polar Lander) to Mars in 2001. Four Athena instruments would be flown on this lander as a precursor to the full Athena investigation in 2003.

July 3, 1998 - Nozomi, Japanese Mars orbiter launched.

December 11, 1998 - Mars Climate Orbiter launched.

December 21, 1998 - course correction burns leave Nozomi with less fuel than expected. The orbiter is to remain in heliocentric orbit for five years.

January 3, 1999 - Mars Polar Lander launched.

September, 1999 - Mars Climate Orbiter spacecraft fails to achieve orbit due to a navigation error.

December 3, 1999 - Mars Polar Lander fails, apparently due to a software error.

May, 2000 - Mars 2001 Lander mission, which would have used a lander similar to Mars Polar Lander, cancelled by NASA. Mars program undergoes a major restructuring.

July, 2000 - NASA selects the Mars Exploration Rover mission for flight in 2003. The mission will send a large rover to Mars carrying the Athena Mars Rover Payload, and will use the same landing system that was used successfully by Mars Pathfinder.

August, 2000 - NASA announces that two identical rovers will be flown in 2003, each carrying identical copies of the Athena payload.

April 7, 2001 - Mars Odyssey orbiter launched; will aid in landing site selection for MER and relay data from Athena instruments.

June 2, 2003 - The European Space Agency's Mars Express Orbiter and Beagle 2 Lander launched from Baikonur, Kazakhstan.

June 10, 2003 - The MER-A rover called Spirit is launched from Cape Canaveral, Florida.

July 7, 2003 - The MER-B rover called Opportunity is launched from Cape Canaveral, Florida.

December 9, 2003 - Nozomi mission abandoned due to lack of fuel and a damaged electrical system.

December 26, 2003 - Mars Express arrives at Mars.

January 3, 2004 - The Mars rover Spirit lands.

January 25, 2004 - The Mars rover Opportunity lands.

January, 2004-present - The rovers Spirit and Opportunity operate on the martian surface. }

Completely Surrounded By Psychopaths And Sociopaths As We Approach The Edge Of Societal Collapse

http://endoftheamericandream.com

http://albertpeia.com/psycopathssociopathsamericasocietalcollapse.htm

{ Think about this! By wobama’s own criteria in his last total b***s*** campaign, he should be stepping down; having failed on all counts and then some. He also promised to cut the nation’s deficit in half by the end of his term; yet, he has increased the nation’s deficit by a record amount greater than all the presidents since Eisenhower COMBINED ($5 trillion). He has done this to help cover up his unequivocal failure by any standard by which you measure a presidency, including his own. People in america must show the Washingtonians they are not doormats! They must stand up and let these politicos know that results count; particularly promised results. Absent positive results as with unmitigated failure, choom-gang-banger wobama, they get the boot. President Romney deserves the 4 years he’ll have to turn this disaster called america around. If President Romney doesn’t cut the mustard in 4 years as promised, then he will be out. Results Count! I believe that people in the final analysis will choose self-respect; that is, choose NOT to be wobama’s doormat. Despite and contrary to wobama’s spin/propagandameisters’ desperate spin/outright falsity which addresses anything but wobama’s clear record of failure, President Romney is smart enough, flexible enough, and with a record of concrete results behind him as compared to wobama choom fantasy/b***s***, President Romney will be a hands-on President to the entire nation in the most positive sense. As such, I believe people will choose self-respect, reality, real results which will make President Romney’s election a substantial margin blowout victory!

Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … ) Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm }

Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office"

Submitted by Tyler Durden on 08/03/2012 { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … ) Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm [ the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’] }

0-"If we confront this crisis without also confronting the deficits that helped cause it, we risk sinking into another crisis down the road as our interest payments rise, our obligations come due, confidence in our economy erodes and our children and grandchildren are unable to pursue their dreams because they are saddled with our debts. That's why today I am pledging to cut the deficit we inherited by half by the end of my first term in office... That means taking responsibility right now in this administration, for getting our spending under control."

Why Europe Matters… And How Spain Could Wipe Out Your 401(k) Posted by : Phoenix Capital... Post date: 08/06/2012 – http://albertpeia.com/eumatterswipeoutyour401k.htm In simple terms Europe is a HUGE deal for everyone. We’re not talking about some distant region far off in the distance that we will watch go down from our decks. We’re talking...

8-06-12 Obama stops taking questions from press...
Biden Takes Another Week Off...

OBAMA (who plays his 104^th round of golf as potus) POPULARITY SOARS -- IN NIGGERTOWN DC!

Plays 104th round of golf (as nation flounders)...
HARRY REID HELPS CHINESE SOLAR FIRM REPRESENTED -- BY HIS SON!
PAPER: It's time to fight back against Dirty Harry...
Wife: Rep. Jesse Jackson Jr. getting treatment but 'still very depressed'...
Ethics investigation continues...

DEVIL WENT DOWN TO DC: Charlie Daniels unloads 'dag-blamed truth' on Obama...
NEW RULES: Obama weighs executive-order on 'Internet security'...
REPORT: IRAN TEST-FIRES SHORT-RANGE MISSILE...
Iran airs confessions in murder of Iranian scientists...
Goes offline to dodge cyber-attacks...

7 SHOT DEAD AT SIKH TEMPLE

BLOODBATH IN WISCONSIN...
Milwaukee suburb...
Video...

Cash pours in to Romney campaign; another $100 million month...
BIASED MEDIA BASH: 86% of Romney coverage NEGATIVE... { Friday Humor: (obama last campaign) "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Wow! The only explanation might be they’ve been duped by wobama along with the rest of the nation and just won’t own up to the reality of the fraud called wobama! Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … ) Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm [ the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’] }

Boehner: Obama has 'never even had a real job, for God's sake'...
O BRINGS BACK TELEPROMPTER...
REPORT: Warnings ignored in Solyndra loan...
STOCK IMPLOSION HITS CA TAX REVENUES...

San Bernardino files for bankruptcy...
Vacant Detroit becomes dumping ground for the dead...

House urges Obama to fight UN web regulation...

Union leader strives to ease president's 'white guy problem'(insanely seeks a place in the blackpeoples’ pot-they ‘love’ that white meat)...

Dave’s Daily: http://www.etfdigest.com ‘BULLS JUMP ON EMPLOYMENT DATA’ 8-3-12 [ { Dave’s Daily Summary with pics/charts – Dave is always worth a look; a bit too bullish methinks, but somewhat realistic in light of the preposterous churn-and-earn frauds/’valuations’, which folly has gone global and will end quite badly! http://albertpeia.com/davesummary8312.htm } Then there’s: { AP: Preposterous beyond words! In a nutshell: lunatics here on wall street and abroad are indeed affected by this full moon in a very big way! } ] , Lest you think we’ve turned the corner. . . . by MK .. FDIC announces another bank failure.. the 40th bank failure this year. At that rate about six per month.. Waukegan Savings Bank of Waukegan, Illinois, http://albertpeia.com/bernankeputalie.htm

Lest you think we’ve turned the corner. . . . Posted on August 3, 2012 by MK It’s Friday. And if its Friday, the FDIC announces another bank failure. In this case the 40th bank failure this year. At that rate about six per month. (But who’s counting?) Waukegan Savings Bank of Waukegan, Illinois. . . . Continue reading → … , The Bernanke Put is a Lie By gpc1981 http://albertpeia.com/bernankeputalie.htm , The Employment Rate In The United States Is Lower Than It Was During The Last Recession http://albertpeia.com/usemploymentratelowerthanlastrecession.htm , Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … ) Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm [ the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’] } obama-"If we confront this crisis without also confronting the deficits that helped cause it, we risk sinking into another crisis down the road as our interest payments rise, our obligations come due, confidence in our economy erodes and our children and grandchildren are unable to pursue their dreams because they are saddled with our debts. That's why today I am pledging to cut the deficit we inherited by half by the end of my first term in office... That means taking responsibility right now in this administration, for getting our spending under control

The Bernanke Put is a Lie

August 3, 2012 By gpc1981 http://albertpeia.com/bernankeputalie.htm

Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office"

Submitted by Tyler Durden on 08/03/2012 { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … ) Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm [ the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’] }

0-"If we confront this crisis without also confronting the deficits that helped cause it, we risk sinking into another crisis down the road as our interest payments rise, our obligations come due, confidence in our economy erodes and our children and grandchildren are unable to pursue their dreams because they are saddled with our debts. That's why today I am pledging to cut the deficit we inherited by half by the end of my first term in office... That means taking responsibility right now in this administration, for getting our spending under control."

The Employment Rate In The United States Is Lower Than It Was During The Last Recession

http://albertpeia.com/usemploymentratelowerthanlastrecession.htm

8-03-12 POLL: Obama Job Approval Slips to 44%; Matches 2012 Low...
8.3% { Unemployment, plus record on disability, part-timers, underemployed, on food stamps, etc., upwards of 15% U6 with ‘stopped looking’ fudge factored, etc.. }

Godfather refers SOLYNDRA questions to consigliere in White House...

Colin Powell's Son As Next DC Mayor? { Sure! What else! Niggers for niggertown! And, all sides of all issues incompetent token black powell progeny at that! }

Clint Eastwood backs Romney: 'Country needs boost'… { Clit redeems himself … I’m impressed! } ...
{ Here’s another lift Clint: } PHELPS MAKES MORE HISTORY WITH FLY...

Zuckerberg has lost $9 billion since IPO...
BIASED MEDIA BASH: 86% of Romney coverage NEGATIVE... { Friday Humor: (obama last campaign) "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Wow! The only explanation might be they’ve been duped by wobama along with the rest of the nation and just won’t own up to the reality of the fraud called wobama! Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … ) Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm [ the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’] }

Boehner: Obama has 'never even had a real job, for God's sake'...
O BRINGS BACK TELEPROMPTER...
REPORT: Warnings ignored in Solyndra loan...
STOCK IMPLOSION HITS CA TAX REVENUES...

San Bernardino files for bankruptcy...
Vacant Detroit becomes dumping ground for the dead...

House urges Obama to fight UN web regulation...

Union leader strives to ease president's 'white guy problem'(insanely seeks a place in the blackpeoples’ pot-they ‘love’ that white meat)...

COPS: Teen Stabs Man 22 Times After Online Xbox Chat Turns Sour...

REPORT: White House scrambles to prevent defense cut pinkslips before election...
Chicago: 'The Deadliest Global City'...
POLL: ROMNEY PULLS TO 5 POINT LEAD...
Court Finds Obama Appointees Interfered with New Black Panther Prosecution...
UPDATE: Jesse Jackson Jr. at Mayo Clinic for depression...
REPORT: Obama's 'You didn't build that' gaffe won't bring back teleprompter...
Gorilla in zoo hangs himself...
CAMPAIGN RATTLED...
Barack Obama Sr: 'Nothing Stopping Gov't From Taxing 100% Of Income'...

POLL: Less than half of voters think president is Christian...

ROMNEY MOVES INTO LEAD AT GALLUP, RASMUSSEN...
USATODAYGALLUP POLL: Romney preferred over Obama to handle economy...

It's Official: 5 Straight Years of $1 Trillion Deficits!

OBAMA CAMPAIGN RUNS DEFICIT IN JUNE...

Dave’s Daily: http://www.etfdigest.com ‘DRAGHI DROPS THE BATON 8-2-12, Spain And Italy Are Toast …Euros http://albertpeia.com/spainitalytoastnomatterwhat.htm , The Fed's Gold Is Being Audited... By The US Treasury ZeroHedge.com

Spain And Italy Are Toast …Euros

http://albertpeia.com/spainitalytoastnomatterwhat.htm

Only 24.6 Percent Of All Jobs In The United States Are Good Jobs

http://albertpeia.com/only24percentusjobsgood.htm

8-02-12 GM PROFITS PLUNGE 41%...
Feds keep buying more cars...

HEATWAVE ON HILL:Romney to Reid: 'Put up or shut up'...
Dems apologize to Adelson for 'Chinese prostitution' comments...
Boehner: Obama has 'never even had a real job, for God's sake'...
O BRINGS BACK TELEPROMPTER...
REPORT: Warnings ignored in Solyndra loan...
Mainstream Media Blacks Out CHICK-FIL-A Story?

FAKEBOOK MILLIONS: PETS MAKE PAGES...
STOCK IMPLOSION HITS CA TAX REVENUES...

San Bernardino files for bankruptcy...
Vacant Detroit becomes dumping ground for the dead...

House urges Obama to fight UN web regulation...

Union leader strives to ease president's 'white guy problem'(insanely seeks a place in the blackpeoples’ pot-they ‘love’ that white meat)...

COPS: Teen Stabs Man 22 Times After Online Xbox Chat Turns Sour...

REPORT: White House scrambles to prevent defense cut pinkslips before election...
Chicago: 'The Deadliest Global City'...
POLL: ROMNEY PULLS TO 5 POINT LEAD...
Court Finds Obama Appointees Interfered with New Black Panther Prosecution...
UPDATE: Jesse Jackson Jr. at Mayo Clinic for depression...

Dave’s Daily: http://www.etfdigest.com ‘BERNANKE PASSES THE BATON TO DRAGHI 8-1-12 http://albertpeia.com/davescharts8112.jpg http://albertpeia.com/davescharts8113.jpg ’ , Angela Merkel Will NOT Lose Germany’s AAA Status Before Her Re-election Let’s Stop Kidding Ourselves and Look at the REAL Math Behind Spain http://albertpeia.com/merkelholdsspainfolds.htm , Mainstream Reporter Tells The Truth About Audit The Fed And The Creation Of The Federal Reserve http://albertpeia.com/truthaboutauditfedandfedcreation.htm , This Is What Happens When An HFT Algo Goes Totally Berserk And Serves Knight Capital With The Bill ZeroHedge.com

They Really Do Want To Implant Microchips Into Your Brain

http://endoftheamericandream.com

http://albertpeia.com/theywanttochipyou.htm

FBI Nazi Bikers Bust FBI Nazi Group

http://albertpeia.com/fbinazibikersbustfbinazibikers.htm

Kurt Nimmo
Infowars.com
July 31, 2012

{ I’m really constrained to interject my own direct experience with the FBI here; and, I must say I do so lamentably. If you want no real results vis-à-vis organized crime which now extends to the upper reaches, highest levels of the corrupt u.s. government, go to the FBI. I discounted the new jersey FBI as just typical corrupt, mob infested jersey which thinks in terms of discos/casinos. But, truth be told, they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their (understated) crime stats for even a second. I’m beginning to feel foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters directly who seem to have at least some sense of the magnitude of the fraud involved and the pervasive corruption of the system and government and maybe a semblance of honor in this nation of protracted decline. It never would have occurred to me back when for me, such a choice/decision was clear-cut and simple. Such a course as mine I no longer could recommend inasmuch as there is little difference between state/government sponsored crime/corruption and that perpetrated by other criminal elements, from my direct experience with both, infra:

Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some federal workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the properties in my proceedings for which surplus funds are unaccounted for was a 2 bedroom 1 and 1/2 bath condominium in seaside heights, n.j.). But debauchery an american specialty? Another rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in the illegal drug trade). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city boy louis freeh, labeled by former Prosecutor Larry Klaiman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.

GOOGLE SEARCH – ‘LARRY KLAYMAN, LOUIS FREEH CORRUPT’

ABOUT 6,240 RESULTS (0.11 SECONDS)

· Trulock Sues FBI Director Freeh

archive.newsmax.com/articles/?a=2000/7/30/211047

Jul 31, 2000 – Judicial Watch is a public-interest law firm that fights corruption in government. To read Larry Klayman's letter to Louis Freeh, ...

· Judicial Watch - Because no one is above the law!

www.judicialwatch.org/archive/newsletter/2003/0203b.shtml

... security," said JW Chairman Larry Klayman. "His behavior stands in stark contrast to Louis Freeh, a man so corrupt he destroyed the office he led, ...

· Freedomwriter.com :: Headline News :: - America - JUDICIAL ...

www.freedomwriter.com/issue20/am15.htm

“Louis Freeh will finally have to answer in court for what he did to our clients. ... answers,” stated Judicial Watch Chairman and General Counsel Larry Klayman. ...

· Infowars.com -- Talk Radio's Alex Jones v. the New World Order

www.infowars.com/jw_transcript.htm

Klayman, Larry, Chairman, Judicial Watch ... My name is Larry Klayman. ... interest group that investigates and prosecutes government corruption and abuse. ...... They seized his computer – these are FBI agents at the direction of Louis Freeh, ...

· JUDICIAL WATCH REJOICES AT RESIGNATION OF FBI DIRECTOR LOUIS FREEH

www.judicialwatch.org/archive/2001/printer_921.shtml

May 3, 2001 – Because of his corrupt behavior, Freeh was placed on Judicial Watch's ... stated Judicial Watch Chairman and General Counsel Larry Klayman. ...

· The hazing of Judge Lamberth

www.wnd.com/index.php?pageId=5374

May 27, 2000 – By Larry Klayman ... While Judicial Watch has asked FBI Director Louis Freeh to .... lawsuits against a corrupt and unrepentant Clinton-Gore ...

· Trulock, Conrad v. Freeh, et al, Employees of FBI

cryptome.org/trulock-v-fbi.htm

LOUIS J. FREEH, in his personal capacity; NEIL GALLAGHER, in his No. ... COUNSEL ARGUED: Larry E. Klayman, JUDICIAL WATCH, INC., Washing- ton, D.C. ...

Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding ie., the u.s. government’s direct involvement in the illegal drug trade, etc.). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city by louis freeh, labeled by former Prosecutor Larry Klaiman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.

SHARE YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:

The following is my comment to an LA Times article regarding a Justice Department cover-up! As for your inquiry, all I think about day and night is a long overdue resolution to the RICO litigation as set forth therein:

ATF Chief Melson:Justice Department trying to shield officials (LATimes) Serrano

I believe him!

 I truly empathize with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu:   Died February 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]

Here’s some real, complicit cover-up / fraud on the part of the federal government, et als:

October 15, 2010 (*see infra {ultimately delivered by UPS})

 Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024

 Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case  RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages)      [  ricosummarytoFBIunderpenaltyofperjury.pdf   http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf          ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as     fbicorrespondencereyes.htm     .   With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the    RICO VERIFIED COMPLAINT    (see infra). Such includes and as set forth in the case, inter alia,

· A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..

· Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.

· The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages:   [  Shiff Order of Dismissal With Prejudice on Coan’s Failure to File        Page 1                Page 2          ]

· Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [   transcript in pertinent part -     http://albertpeia.com/crossexamofcoanbypeia.pdf    ]

· Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.

· Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.],   Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.

Sincerely,

Albert L. Peia
611 E. 5^th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651 -magic jack}

                       ----------

*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]

Responding to your message

FROM:

· Rep. Lucille Roybal-Allard

TO:

· albert_peia@yahoo.com

Message flagged

Wednesday, November 16, 2011 8:48 AM

Dear Mr. Peia:

Thank you for being in touch.  As we continue the busy first session of the 112^th Congress, I want you to know that I am grateful for the various times you have shared your thoughts and concerns with me on different issues.  Please be assured that your voice is being heard and that your perspective helps me to better represent you in Washington, D.C. 

Sincerely,

LUCILLE ROYBAL-ALLARD
Member of Congress

[ This is a reply to the Congresswoman’s query among others included.]

11-5-11

Dear Congresswoman Roybal-Allard:

The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:

‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’

Sincerely,

Albert L. Peia

America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm

Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

The Criminal Banking Cartel's End Game: A 100% Digital Monetary System

Posted by: smartknowledgeu Post date: 06/07/2012 The end game of this global monetary crisis is the imposition of a 100% digital monetary system that would permanently end what little economic freedoms we still retain today. Educate. Resist. Fight... http://albertpeia.com/criminalcartel.htm { I agree with the thrust of this article which I’ve yet to read in full; if only to emphasize that with a mouse click/button/keystroke/enter you could easily be separated from your money/wealth which is a formidable intimidating threat consistent with planned subservience (and also facilitating manipulated fraud, etc.). And, don’t think they wouldn’t do it, meaningless, arbitrarily enforced laws notwithstanding. Don’t forget; government slugs all have the same employer. I experienced the corruption first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/americangovernmentdrugtrafficking.htm
http://albertpeia.com/americascorruptiondrugtrade.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm }

Angela Merkel Will NOT Lose Germany’s AAA Status Before Her Re-election

http://albertpeia.com/merkelholdsspainfolds.htm

Mainstream Reporter Tells The Truth About Audit The Fed And The Creation Of The Federal Reserve

http://albertpeia.com/truthaboutauditfedandfedcreation.htm

8-01-12 POLL: Romney jumps to 20-point advantage among white voters...

WAIT FOR FALL: Fed Sees Economy Slowing But Holds Off on New Steps...
Gigantic NYC Sinkhole Swallows Cars Whole...

OBAMA AUTHORIZES SECRET SUPPORT FOR SYRIAN 'REBELS'...

Obama speaks with world leader while holding baseball bat?
Union leader strives to ease president's 'white guy problem'(insanely seeks a place in the blackpeoples’ pot-they ‘love’ that white meat)...

COPS: Teen Stabs Man 22 Times After Online Xbox Chat Turns Sour...

REPORT: White House scrambles to prevent defense cut pinkslips before election...
Chicago: 'The Deadliest Global City'...
POLL: ROMNEY PULLS TO 5 POINT LEAD...
Court Finds Obama Appointees Interfered with New Black Panther Prosecution...
UPDATE: Jesse Jackson Jr. at Mayo Clinic for depression...
REPORT: Obama's 'You didn't build that' gaffe won't bring back teleprompter...
Gorilla in zoo hangs himself...
CAMPAIGN RATTLED...
Barack Obama Sr: 'Nothing Stopping Gov't From Taxing 100% Of Income'...

POLL: Less than half of voters think president is Christian...

ROMNEY MOVES INTO LEAD AT GALLUP, RASMUSSEN...
USATODAYGALLUP POLL: Romney preferred over Obama to handle economy...

It's Official: 5 Straight Years of $1 Trillion Deficits!

7-31-12 Dave’s Daily: http://www.etfdigest.com INVESTORS WAIT ON CENTRAL BANKS AND JOBS 7-31-12 ‘.. Bill Gross: WE’RE WITNESSING THE DEATH OF EQUITIES 7-31-12 By Steven Russolillo, WSJ Blogs MarketBeat WSJ.com's inside look at the markets ‘The bond king says stocks are dead. Bill Gross, Pimco’s co-founder and co-chief investment officer, says stock investors should think again about the age-old “buy-and-hold” investing mantra. He says consistent, annual returns are a thing of the past. “The cult of equity is dying,” Bill Gross wrote in his August Investment Outlook. “Like a once bright green aspen turning to subtle shades of yellow then red in the Colorado fall, investors’ impressions of ‘stocks for the long run’ or any run have mellowed as well.”… an “historical freak” that isn’t likely to be duplicated anytime soon, due to slowing economic growth around the globe…“The 6.6% real return belied a commonsensical flaw much like that of a chain letter or yes — a Ponzi scheme… , THE REAL CRASH IS DEAD AHEAD AS 2008 IS FORGOTTEN Paul B. Farrell, MarketWatch http://albertpeia.com/realcrashdeadahead.htm , Just Open Up Your Eyes And Look - 65 Signs That The Economic Collapse Is Already Happening http://albertpeia.com/65signseconomiccollapsehappening.htm

THE REAL CRASH IS DEAD AHEAD AS 2008 IS FORGOTTEN Paul B. Farrell, MarketWatch http://albertpeia.com/realcrashdeadahead.htm , Just Open Up Your Eyes And Look - 65 Signs That The Economic Collapse Is Already Happening http://albertpeia.com/65signseconomiccollapsehappening.htm , Germany Now Has a REAL Debt to GDP of 300%…. Bye Bye Eurozone http://albertpeia.com/germanydebttogdpnow300percent.htm , Historic Drought, Giant Dust Storms And Massive Power Grid Failures - A Glimpse Into Our Future http://albertpeia.com/droughtdustpowergridfailuresfuture.htm , China PMI Misses And Prints Lowest In 8 Months With 10 Of 11 Sub-Indices Contracting ZeroHedge.com Tyler Durden , Jeremy Grantham: "I, For One, Wish That The World Would Get On With Whatever Is Coming Next" "The economic environment seems to be stuck in a rather unpleasant perpetual loop. Greece is always about to default; the latest bailout is always about to save the day and yet never seems to; China is always about to collapse but instead teases us by inching down; and I swear the Financial Times is beginning to recycle its reports! In the U.S., the fiscal cliff looms along with debt limits and the usual election uncertainties. The dysfunctional U.S. Congress continues for the time being in its intractable ways. The stock market rises and falls and rises and falls again. It is getting difficult to find anything new to say at client meetings. I, for one, wish that the world would get on with whatever is coming next." ‘…With margins weakening, one of the twin pillars is looking shaky and price declines look more likely than before…’ , Guest Post: The European Tinder Box ‘…Europe is on the verge of being raped and our own politicians don’t know where to look, still less what to do.

FBI Nazi Bikers Bust FBI Nazi Group

http://albertpeia.com/fbinazibikersbustfbinazibikers.htm

Kurt Nimmo
Infowars.com
July 31, 2012

{ I’m really constrained to interject my own direct experience with the FBI here; and, I must say I do so lamentably. If you want no real results vis-à-vis organized crime which now extends to the upper reaches, highest levels of the corrupt u.s. government, go to the FBI. I discounted the new jersey FBI as just typical corrupt, mob infested jersey which thinks in terms of discos/casinos. But, truth be told, they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their (understated) crime stats for even a second. I’m beginning to feel foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters directly who seem to have at least some sense of the magnitude of the fraud involved and the pervasive corruption of the system and government and maybe a semblance of honor in this nation of protracted decline. It never would have occurred to me back when for me, such a choice/decision was clear-cut and simple. Such a course as mine I no longer could recommend inasmuch as there is little difference between state/government sponsored crime/corruption and that perpetrated by other criminal elements, from my direct experience with both, infra:

Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some federal workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the properties in my proceedings for which surplus funds are unaccounted for was a 2 bedroom 1 and 1/2 bath condominium in seaside heights, n.j.). But debauchery an american specialty? Another rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in the illegal drug trade). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city boy louis freeh, labeled by former Prosecutor Larry Klaiman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.

GOOGLE SEARCH – ‘LARRY KLAYMAN, LOUIS FREEH CORRUPT’

ABOUT 6,240 RESULTS (0.11 SECONDS)

· Trulock Sues FBI Director Freeh

archive.newsmax.com/articles/?a=2000/7/30/211047

Jul 31, 2000 – Judicial Watch is a public-interest law firm that fights corruption in government. To read Larry Klayman's letter to Louis Freeh, ...

· Judicial Watch - Because no one is above the law!

www.judicialwatch.org/archive/newsletter/2003/0203b.shtml

... security," said JW Chairman Larry Klayman. "His behavior stands in stark contrast to Louis Freeh, a man so corrupt he destroyed the office he led, ...

· Freedomwriter.com :: Headline News :: - America - JUDICIAL ...

www.freedomwriter.com/issue20/am15.htm

“Louis Freeh will finally have to answer in court for what he did to our clients. ... answers,” stated Judicial Watch Chairman and General Counsel Larry Klayman. ...

· Infowars.com -- Talk Radio's Alex Jones v. the New World Order

www.infowars.com/jw_transcript.htm

Klayman, Larry, Chairman, Judicial Watch ... My name is Larry Klayman. ... interest group that investigates and prosecutes government corruption and abuse. ...... They seized his computer – these are FBI agents at the direction of Louis Freeh, ...

· JUDICIAL WATCH REJOICES AT RESIGNATION OF FBI DIRECTOR LOUIS FREEH

www.judicialwatch.org/archive/2001/printer_921.shtml

May 3, 2001 – Because of his corrupt behavior, Freeh was placed on Judicial Watch's ... stated Judicial Watch Chairman and General Counsel Larry Klayman. ...

· The hazing of Judge Lamberth

www.wnd.com/index.php?pageId=5374

May 27, 2000 – By Larry Klayman ... While Judicial Watch has asked FBI Director Louis Freeh to .... lawsuits against a corrupt and unrepentant Clinton-Gore ...

· Trulock, Conrad v. Freeh, et al, Employees of FBI

cryptome.org/trulock-v-fbi.htm

LOUIS J. FREEH, in his personal capacity; NEIL GALLAGHER, in his No. ... COUNSEL ARGUED: Larry E. Klayman, JUDICIAL WATCH, INC., Washing- ton, D.C. ...

Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding ie., the u.s. government’s direct involvement in the illegal drug trade, etc.). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city by louis freeh, labeled by former Prosecutor Larry Klaiman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.

SHARE YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:

The following is my comment to an LA Times article regarding a Justice Department cover-up! As for your inquiry, all I think about day and night is a long overdue resolution to the RICO litigation as set forth therein:

ATF Chief Melson:Justice Department trying to shield officials (LATimes) Serrano

I believe him!

 I truly empathize with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu:   Died February 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]

Here’s some real, complicit cover-up / fraud on the part of the federal government, et als:

October 15, 2010 (*see infra {ultimately delivered by UPS})

 Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024

 Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case  RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages)      [  ricosummarytoFBIunderpenaltyofperjury.pdf   http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf          ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as     fbicorrespondencereyes.htm     .   With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the    RICO VERIFIED COMPLAINT    (see infra). Such includes and as set forth in the case, inter alia,

· A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..

· Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.

· The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages:   [  Shiff Order of Dismissal With Prejudice on Coan’s Failure to File        Page 1                Page 2          ]

· Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [   transcript in pertinent part -     http://albertpeia.com/crossexamofcoanbypeia.pdf    ]

· Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.

· Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.],   Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.

Sincerely,

Albert L. Peia
611 E. 5^th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651 -magic jack}

                       ----------

*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]

Responding to your message

FROM:

· Rep. Lucille Roybal-Allard

TO:

· albert_peia@yahoo.com

Message flagged

Wednesday, November 16, 2011 8:48 AM

Dear Mr. Peia:

Thank you for being in touch.  As we continue the busy first session of the 112^th Congress, I want you to know that I am grateful for the various times you have shared your thoughts and concerns with me on different issues.  Please be assured that your voice is being heard and that your perspective helps me to better represent you in Washington, D.C. 

Sincerely,

LUCILLE ROYBAL-ALLARD
Member of Congress

[ This is a reply to the Congresswoman’s query among others included.]

11-5-11

Dear Congresswoman Roybal-Allard:

The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:

‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’

Sincerely,

Albert L. Peia

America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm

Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

The Criminal Banking Cartel's End Game: A 100% Digital Monetary System

Posted by: smartknowledgeu Post date: 06/07/2012 The end game of this global monetary crisis is the imposition of a 100% digital monetary system that would permanently end what little economic freedoms we still retain today. Educate. Resist. Fight... http://albertpeia.com/criminalcartel.htm { I agree with the thrust of this article which I’ve yet to read in full; if only to emphasize that with a mouse click/button/keystroke/enter you could easily be separated from your money/wealth which is a formidable intimidating threat consistent with planned subservience (and also facilitating manipulated fraud, etc.). And, don’t think they wouldn’t do it, meaningless, arbitrarily enforced laws notwithstanding. Don’t forget; government slugs all have the same employer. I experienced the corruption first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/americangovernmentdrugtrafficking.htm
http://albertpeia.com/americascorruptiondrugtrade.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm }

‘If the case of white supremacist Hal Turner taught us anything, it is that the government manufactures Nazis and racists from whole cloth and then uses them to push hysterical domestic terrorist propaganda and self-aggrandizement.

It came out during Turner’s trial that he was a “National Security Intelligence” asset working for the FBI’s Joint Terrorism Task Force. His code name was “Valhalla” and “he received thousands of dollars from the FBI to report on such groups as the Aryan Nations and the white supremacist National Alliance, and even a member of the Blue Eyed Devils skinhead punk band,” according to The Record.

The FBI has run racist and white supremacist groups since the 1960s. Under COINTELPRO, the FBI “subsidized, armed, directed and protected the Ku Klux Klan and other right-wing groups,” Brian Glick writes. Racist groups were used to create a strategy of tension by attacking groups on the so-called left, including anti-war, Chicano and Puerto Rican activists and nationalists.

More recently, in 2007, the FBI organized a neo-Nazi march in Orlando, Florida. The FBI’s “informant” (agent provocateur) “was one of the most visible individuals in the National Socialist Movement,” according to Andy Rosenkranz, state regional director for the Anti-Defamation League. “Generally, the FBI and the JTTF (Joint Terrorism Task Force) in Florida does an excellent job.”

The FBI has also infiltrated a number of supposed Muslim terrorists groups and has wheedled, cajoled and otherwise manipulated patsies into agreeing to commit terror attacks.

In October, Mother Jones revealed that the FBI is notorious for creating supposed terrorist groups from scratch and then framing patsies in order to claim the government is protecting the United States from terrorists. The number of government informants and agents provocateurs has grown exponentially since the 1970s when the FBI claimed it shut down COINTELPRO.

On Tuesday, the New York Daily News reported the FBI’s latest terrorist creation – the 1st SS Kavallerie Brigade Motorcycle Division, founded in 2007 to recruit neo-Nazi bikers for the Aryan Nations, a white supremacist terrorist organization, according to Anthony Bartkewicz.

“One member offered a $1,000 reward for the shooting of a black man. Others stockpiled explosives to be used in terror attacks on U.S. targets,” writes Bartkewicz. “But the biker gang was founded by undercover law enforcement agents in Florida, and eventually 20 people were arrested for a range of offenses, from dealing drugs to possessing illegal weapons and plotting murders, the Orlando Sentinel reported.”

In May, the FBI took down a group of mentally challenged white supremacists belonging to the American Front, a group on the edge of extinction in the early 2000s but resuscitated on the internet. The FBI claimed the group was “planning to kill Jews and minorities in the ‘inevitable’ race war, according to an affidavit obtained by the Orlando Sentinel. The Sentinel reports that the group also looked to manufacture ricin, a ‘weapon of mass destruction,’” CBS Tampa reported.
Fear and loathing by liberals over FBI manufactured racist threat.

Considering the FBI’s track record, however, it is likely the ricin plot was concocted by the agency and then fed to the American Front patsies prior to the sensationalized bust. Patsies rarely devise their own plots and are carefully managed by the agency and its army of informants and agents provocateurs.

The Nazi biker group created by the FBI after the Aryan Nations said it wanted to form a Nazi motorcycle club to serve as the militant arm for white supremacists across the country, according to records obtained by the Orlando Sentinel.

“Using a false identity, the agent with the Orange County Sheriff’s Office became the Aryan Nations’ top Florida administrator responsible for recruiting members for what would become the 1st SS Kavallerie Brigade Motorcycle Division — operating out of a clubhouse in St. Cloud,” Henry Pierson Curtis writes for the Sentinel.

“Early members included at least two additional undercover FBI agents – who infiltrated the club — and a biker accused of offering $1,000 to anyone willing to shoot a black man riding an ATV in rural Osceola County, records show.”

In 2007, a FBI informant, Rick Spring, admitted to running the Aryan Nations. “In a confessional emailed out to white nationalist leaders, federal informant and convicted bank robber Rick Spring admitted today that he operated the Aryan Nations as a false flag front group for the FBI after the death of Richard Butler,” wrote Bill White, editor of the Libertarian Socialist News.

Government connections to terror groups are legion. In 2004, for instance, the FBI revealed the Southern Poverty Law Center was involved with government operative and convicted Oklahoma City bomber Timothy McVeigh and the Aryan Republican Army at Elohim City. McVeigh’s contact at Elohim City was Andreas Carl Strassmeir, a former German intelligence officer. Peter Langan, the son of a retired U.S. Marine intelligence officer and said to be the leader of the Aryan Republican Army, was a government informant.

The SS Kavallerie Brigade Motorcycle Division, responsible for setting up the American Front, is yet another convoluted government fabrication designed to convince ill-informed Americans that radical Muslims are not the only threat they face. So are white guys with tattoos on their foreheads.

The absurdly overblown threat of skinheads gunning for minorities plays right into the Department of Homeland Security’s “rightwing extremist” narrative.

“Threats from white supremacist and violent antigovernment groups during 2009 have been largely rhetorical and have not indicated plans to carry out violent acts,” the DHS wrote in a 2009 for eyes-only memo subsequently leaked to Infowars.com and others, but “have capitalized on the election of the first African American president, and are focusing their efforts to recruit new members, mobilize existing supporters, and broaden their scope and appeal through propaganda, but they have not yet turned to attack planning.”

The FBI’s contrived plots – including purported violence against police and officialdom by the Hutaree militia and now a supposed weapons of mass destruction attack by the American Front – are designed primarily for propaganda purposes. The Hutaree militia was vindicated in court and the accusations against the American Front will likely also eventually be reduced and revealed as government grandstanding, although this will not be reported on the front page in blazing headlines.’

Just Open Up Your Eyes And Look - 65 Signs That The Economic Collapse Is Already Happening

http://albertpeia.com/65signseconomiccollapsehappening.htm

7-31-12 POLL: Romney jumps to 20-point advantage among white voters...
Obama donates cash to his own campaign...
THE GREATEST IN HISTORY! { Congratulations to Michael Phelps! }
CLAIM: The Real Crash is dead ahead as 2008 is forgotten...
FACEBOOK HIT WITH NEW SELLOFF...
REPORT: White House scrambles to prevent defense cut pinkslips before election...
Chicago: 'The Deadliest Global City'...
POLL: ROMNEY PULLS TO 5 POINT LEAD...
Court Finds Obama Appointees Interfered with New Black Panther Prosecution...
UPDATE: Jesse Jackson Jr. at Mayo Clinic for depression...
REPORT: Obama's 'You didn't build that' gaffe won't bring back teleprompter...
Gorilla in zoo hangs himself...
CAMPAIGN RATTLED...
Barack Obama Sr: 'Nothing Stopping Gov't From Taxing 100% Of Income'...

POLL: Less than half of voters think president is Christian...

ROMNEY MOVES INTO LEAD AT GALLUP, RASMUSSEN...
USATODAYGALLUP POLL: Romney preferred over Obama to handle economy...

It's Official: 5 Straight Years of $1 Trillion Deficits!

OBAMA CAMPAIGN RUNS DEFICIT IN JUNE...

11 Signs That Time Is Quickly Running Out For The Global Financial System http://albertpeia.com/11signstimesrunoutforfinancialsystem.htm Historically, a financial crisis has been more likely to happen in the fall than during any other time, and this fall is shaping up to be a doozy.  Much of the focus of the financial world is on whether or not the euro is going to break up, but even if the authorities in Europe are able to keep the euro together we are still facing massive problems.  Countries such as Greece and Spain are already experiencing depression-like conditions, and much of the rest of the globe is sliding into recession.  Unemployment has already risen to record levels in some parts of Europe, major banks all over Europe are teetering on the brink of insolvency, and the flow of credit is freezing up all over the planet. , Sorry Mario Draghi, Spain is Finished! Why the Financial System Could Indeed Collapse http://albertpeia.com/spainfinishedandfinancialsystemcollapse.htm , Treasury Admits It Underestimated Debt Needs, Predicts Ceiling Breach In 2012; $600 Billion More Debt In Second Half Zerohedge.com Tyler Durden , Guest Post: The World’s Gold Is Moving From West To East , Charting The Diminishing Multiple Expansion Benefits Of Fed Action , EU Ombudsman To Probe Mario Draghi's Conflicts Of Interest , US Launches Global Washer Trade War , The Unbearable 'Factual' Lightness Of The Chinese Economy , European Dollar Shortage Back With A Vengeance As Short-Term ECB $ FX Swaps Hit 2012 High , Dallas Fed Plunges Most In Over 7 Years To 10 Month Low; With Biggest Miss In 14 Months , Moody's: "The ECB Can Do No More Than Buy Time" , German Coalition Member Urges Suing ECB Over Draghi Open-Ended Promise

11 Signs That Time Is Quickly Running Out For The Global Financial System

http://albertpeia.com/11signstimesrunoutforfinancialsystem.htm

Sorry Mario Draghi, Spain is Finished… Here’s Why!

July 30, 2012 By gpc1981 http://gainspainscapital.com http://albertpeia.com/spainfinishedandfinancialsystemcollapse.htm

Does Barack Obama Expect The Upcoming Election To Spark Rampant Civil Unrest?

http://albertpeia.com/civilunrestishereandworstening.htm

Drudgereport: 7-30-12 POLL: ROMNEY PULLS TO 5 POINT LEAD...

Court Finds Obama Appointees Interfered with New Black Panther Prosecution...
UPDATE: Jesse Jackson Jr. at Mayo Clinic for depression...
D.C. pays students $5.25 an hour -- to attend summer school!
Corn prices hit record as crops shrivel...
UPDATE: SEATS STILL GO EMPTY IN LONDON...
PM Cameron: 'We can do better'...
Parents of athletes turned away in mixup...
Games turn London into 'ghost town'...
REPORT: Obama's 'You didn't build that' gaffe won't bring back teleprompter...
Gorilla in zoo hangs himself...
CAMPAIGN RATTLED...
Barack Obama Sr: 'Nothing Stopping Gov't From Taxing 100% Of Income'...

POLL: Less than half of voters think president is Christian...

ROMNEY MOVES INTO LEAD AT GALLUP, RASMUSSEN...
USATODAYGALLUP POLL: Romney preferred over Obama to handle economy...

It's Official: 5 Straight Years of $1 Trillion Deficits!

OBAMA CAMPAIGN RUNS DEFICIT IN JUNE...

Dave’s Daily: http://www.etfdigest.com BULLISH QE ALGOS 7-27-12 ‘It’s difficult to comprehend the tape sometimes, especially when you try to square it with the overall news. The bottom line is bulls have placed their bets that the eurozone will be fixed and weaker U.S. GDP both will be met by a heavy dose of QE. Everything else doesn’t matter. Bulls don’t believe the Germans, despite Bundesbank’s comments to the contrary; will block bond buying by Draghi and the ECB. The key phrase in the linked WSJ article was, “If there is no ECB bond buying next week stocks will collapse”. { AP: What I really can’t fathom is how, why people are so eager to support the churn-and-earn paper fraud on wall street (their computers are literally selling to themselves along with the other programmed algo insanity – helping/facilitating these costly wall street frauds which have not helped but in many ways hurt the real economy – their gain is everyone else’s pain as that money in their pockets must come from some real place; viz., your pockets – there’s no free lunch). Their buying time with b***s*** also facilitates the transfer of their ‘worthless paper hot potatoes’ to ie., taxpayers, governments, etc.. Totally pathetic! We’re way past the ‘fool me twice, shame on me’ stage! They really have to be prosecuted and put in jail where they belong. They’re just not that important and they are a substantial detriment to the real economy and society generally. They have no fear of prosecution and have continued their paper frauds where they left off last crisis, and seek once again to cash out for hard currency, metals with the greater fools holding their worthless paper bag. I used to follow the markets when value/valuation meant something. Now I track them only to discern the ever greater frauds and the ‘political connectivity’ to same. }

In Q2 America Added $2.33 In Debt For Every $1.00 In GDP ZeroHedge.com Tyler Durden , 17 Reasons Why Those Hoping For A Recession In 2012 Just Got Their Wish http://albertpeia.com/17reasonsrecessionnow.htm , 19 Examples Of How Control Freaks Are Killing America With Their Completely Ridiculous Regulations http://albertpeia.com/19wayscontrolfreakskillinguswithregs.htm , The Channel-Stuffed GDP Report , Guest Post: The Absurdity Of Sandy Weill Any contrition on the part of Weill for his role in repealing Glass-Steagall might as well be an attempt to close the stable door after the horse has bolted. It’s like trying to uninvent the atom bomb after Hiroshima. Weill was the guy who — above anyone else (AP: I have to interject here and say there’s plenty of culpable blame to go around, which in no way should be construed as a defense for weill!) — was responsible for the damage done…’ , 46.5 Million Americans, Record 22.3 Million US Households, On Foodstamps; 8,753,935 On Disability , FaceBerg Sinking At -40% Below IPO Level

As Attacks Continue, Chick-fil-A Getting Plenty of Support for its Christian Values

Dave Bohon | Supporters of homosexual marriage, however, have been unable to leave the issue and “agree to disagree.” { I believe the concerted wrongful conduct of the respective cities et als vis-à-vis Chick-Fil-A may well be actionable as a business tort and as well, a violation of constitutionally protected rights of free speech, having a chilling effect thereon, by way of incorporation thereof under the fourteenth amendment of the u.s. constitution, as well as pursuant to the respective state constitutions applicable to the offending cities. }

The Attack On Chick-Fil-A Is An Attack On The Freedom Of Speech Of Every American

http://albertpeia.com/attackonchickfilaattacksfreespeech.htm

17 Reasons Why Those Hoping For A Recession In 2012 Just Got Their Wish

http://albertpeia.com/17reasonsrecessionnow.htm

19 Examples Of How Control Freaks Are Killing America With Their Completely Ridiculous Regulations

http://albertpeia.com/19wayscontrolfreakskillinguswithregs.htm

7-27-12 POLL: ROMNEY PULLS TO 5 POINT LEAD...
Same 5-point lead that Obama had at this point in '08...
SLUMDOG OLYMPICS...
Dancing nurses, bouncing sick children, huge hospital beds...
Opening Ceremony reflects 'deeply left-leaning sensibilities' of producer Boyle...
REPORT: Obama's 'You didn't build that' gaffe won't bring back teleprompter...
Gorilla in zoo hangs himself...
CAMPAIGN RATTLED...
Barack Obama Sr: 'Nothing Stopping Gov't From Taxing 100% Of Income'...

POLL: Less than half of voters think president is Christian...

ROMNEY MOVES INTO LEAD AT GALLUP, RASMUSSEN...
USATODAYGALLUP POLL: Romney preferred over Obama to handle economy...

It's Official: 5 Straight Years of $1 Trillion Deficits!

OBAMA CAMPAIGN RUNS DEFICIT IN JUNE...
Spent $2.6 million -- on polling?
Paid $93k for Half-Empty Stadium Kick-Off Event...

Dave’s Daily: http://www.etfdigest.com ‘DRAGHI JAWBONES SHORT SQUEEZE 7-26-12

“Words, words, words, I'm so sick of words
I get words all day through
First from him, now from you
Is that all you blighters can do

Sing me no song, read me no rhyme
Don't waste my time, show me
Don't talk of June, don't talk of fall
Don't talk at all, show me
Never do I ever want to hear another word
There isn't one I haven't heard” - Alan Lerner: My Fair Lady { Yes, indeed! Dave knows his shows! This one’s all b***s***! }

, Facebook revenue growth skids, shares plunge , Draghi Just Pulled Out His Bazooka… How Long Before the Crash? http://albertpeia.com/draghinbsandcrash.htm , The Audit The Fed Bill Gets Passed By The House But Obama And The Democrats Are Going To Kill It http://albertpeia.com/obamademskillauditfed.htm

Barofsky On Geithner: "We Should See People In Handcuffs" There is no point in recapping the ongoing vendetta between former SIGTARP Neil Barofsky and former head of the NY Fed, and current Treasury secretary and resident TurboTax expert Tim Geithner. One need but follow the former on Twitter for a quick and concise sampling of the sentiments harbored vis-a-vis the latter. However, in the following interview Barfosky does touch on some points which in the context of the recent Liborgate, should be brought front and center, especially since the increasingly apathetic US audience seems to not care about one bit (as opposed to their distant cousins across the Atlantic for whom Lieborgate has become a daily distraction). Namely, what Barofsky says is that Geithner and other regulators who allowed Lieborgate to proceed should not only lose their job but we should "see [Geithner] in handcuffs."  Sadly that will never happen as it would actually be a deterrent to future crime among the highest echelons of America: something which is just not allowed to happen in a system whose very survival is increasingly reliant on rampant criminality. { Unfortunately, this is true and documented early on from my direct experience: The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

Biderman Batters 'Believe-Me'-Draghi ZeroHedge.com Tyler Durden Somewhat stunned by the market's exuberant reaction to Mario Draghi's 'Believe Me' speech this morning, Charles Biderman, CEO of TrimTabs, sees the slow-motion train-wreck that is the European crisis speeding up and rapidly running out of track. Charles sees the European crisis as "not a solvable problem the way the world works today." Neither Draghi nor any of the bankers even bothers to talk about the real problem of not enough regional income and too much government spending. Draghi's only solution is some form of money printing. "Printing money to pay bills maybe will work over the short term. But long term, it cannot"; if money printing works in the real world why not print and give every one a billion Dollars, Euros or Yen? While governments will do anything to maintain the status quo (and avoid the tough times ahead), Charles succinctly reminds that, "the road to hell is paved with good intentions

Guest Post: 4 Reasons Why You Should Stop Believing In Chinese Leadership Did you know that Chinese government officials are all corrupt? Did you know that many of Chinese statistics look either weird or totally unreliable to a point that even the Vice Premier can’t help admitting it? People outside of China have never really trusted the Chinese Communist Party as far as politics are concerned, and probably never will. However, the seemingly unstoppable growth engine of China has produced a remarkable level of complacency among investors that China is going to do well. While recent economic data from China are mixed at best, the market consensus is unanimously biased towards believing that the second quarter is the bottom. We do not understand the reasons behind the faith in the Chinese leadership as far as running the economy is concerned.  Here are a few reasons why you should just stop believing in the Chinese leadership when it comes to running the economy. , Citi On Draghi: Expect Nothing From The ECB Before The ESM Is Active (In September At The Earliest) , The US Is Not Japan Or Your Average Stagnation: It Is Much Worse , Barofsky On Geithner: "We Should See People In Handcuffs" There is no point in recapping the ongoing vendetta between former SIGTARP Neil Barofsky and former head of the NY Fed, and current Treasury secretary and resident TurboTax expert Tim Geithner. One need but follow the former on Twitter for a quick and concise sampling of the sentiments harbored vis-a-vis the latter. However, in the following interview Barfosky does touch on some points which in the context of the recent Liborgate, should be brought front and center, especially since the increasingly apathetic US audience seems to not care about one bit (as opposed to their distant cousins across the Atlantic for whom Lieborgate has become a daily distraction). Namely, what Barofsky says is that Geithner and other regulators who allowed Lieborgate to proceed should not only lose their job but we should "see [Geithner] in handcuffs."  Sadly that will never happen as it would actually be a deterrent to future crime among the highest echelons of America: something which is just not allowed to happen in a system whose very survival is increasingly reliant on rampant criminality. { Unfortunately, this is true and documented early on from my direct experience: The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

The Attack On Chick-Fil-A Is An Attack On The Freedom Of Speech Of Every American

http://albertpeia.com/attackonchickfilaattacksfreespeech.htm

Draghi Just Pulled Out His Bazooka… How Long Before the Crash?

http://albertpeia.com/draghinbsandcrash.htm

The Attack On Chick-Fil-A Is An Attack On The Freedom Of Speech Of Every American

http://endoftheamericandream.com

http://albertpeia.com/attackonchickfilaattacksfreespeech.htm

{ My own feeling on the subject is live and let live, but that the state has no place in getting ‘behind’ this contraindicated behavior. Look at the subject cities rallying in the name of ‘cornholin’ (For the gay vote? How totally pathetic!). Without exception, they are literally domestic war zones, in decay, decline, and heading as the nation toward fiscal ruin, defacto/outright bankruptcy. They really should be concentrating on things that really matter before foolishly attacking freedom of speech. Previously: EVOLUTION: OBAMA NOW BACKS GAY MARRIAGE… [ Well, with some frolicking documented cocaine/gay sex romping in his past, he’d be hard pressed not to. Interestingly, Clit Eastwood has come out in favor of gay marriage saying he doesn’t give a f**k… good for you Clit; spoken like a true egalitarian. Truth be told, I always liked those spagetti westerns that put him on the map; his own ‘Pale Rider’, particularly; and of course, the ‘Dirty Harry’ series. Aside from that, I find him/his films boring, shallow, and plebian beyond tears; hardly the philosopher king. Yet, I also don’t give a f**k regarding gays living their lives as they wish, with full constitutional protections consistent with their presumed law-abiding lives, particularly in a world like this, such as it is. But, that doesn’t mean the ‘state’ must get behind (no pun intended) same. There are few if any legal statuses that can’t be achieved through legal document, ie., adoptions, trust beneficiaries, etc.. Marriage, procreation, the province of a man/woman relationship has always been a given. Also interesting was the take on same by reknown Psychiatrist Maslow (his famed, laudable work regarding hierarchy of needs, etc., needs no introduction) who wrote and posited that homosexuality was physically, anatomically contraindicated. Again, let me reiterate a live, let live position while cautioning against the state getting behind (again, no pun) same and potentially giving young, pubescent, impressionable boys the idea that penises were made for male a**holes and not female vaginas. ] ... OBAMA ADMITS FABRICATING GIRLFRIEND IN MEMOIR { Latent gay man obama - ... Barack Obama: The Naked Emperor Shocking but true revelations from David Icke| ..Obama is just more of the same, a big smile with strings attached, and controlled completely by those that chose him, trained him, sold him and provided his record funding, kept his many skeletons under wraps, like the gay sex and crack cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp, who is alleged to claim that someone claiming to represent me called asking for $100,000, to keep me from coming forward about our (Obama and I) November 1999 encounter of sex and cocaine use?), ... Obama is just another Banksters' moll prostituting himself .., and that's why he supported the grotesque bail-out of the banking system and why he will always put their interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv }

12 Pictures That Demonstrate How The New World Order Openly Mocks Us

http://albertpeia.com/newworldordervedgesmockus.htm

{ First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said: The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing

{ First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. }

http://albertpeia.com/planetalreadyruined.htm }

The Audit The Fed Bill Gets Passed By The House But Obama And The Democrats Are Going To Kill It

http://albertpeia.com/obamademskillauditfed.htm

7-26-12 REPORT: MF GLOBAL was client of AG Holder's law firm...
Justice Dept employees accused of nepotism, ethical lapses...

ZUCKED: FACEBOOK Ad Growth Slows; Shares Skid to Fresh Low...
PLUNGE ANOTHER 11% IN AFTER HOURS...

Barack Obama Sr: 'Nothing Stopping Gov't From Taxing 100% Of Income'...

POLL: Less than half of voters think president is Christian...

100 Million Poor People In America And 39 Other Facts About Poverty That Will Blow Your Mind http://albertpeia.com/100millionpovertystrickenamericans.htm , Down Goes Britain: The UK Economy Tumbles Deep Into Recession http://albertpeia.com/downgoesbritain.htm , Europe Can and Will Cause a Systemic Collapse… Are You Ready? http://albertpeia.com/europecanandwillcausesystemiccollapse.htm , Dave’s Daily: http://www.etfdigest.com SANDY FALLS ON GOLD PLATED SWORD 7-25-12 { Sandy who? Aw geeh … I thought Dave was talking about that other sandy (sandusky of jo pa’s p.s. fame, they worshipped together) who cornholed quite a few himself! } ‘Now that the architect behind the repeal of Glass-Steagall has made off with his hundreds of millions he comes clean and says the entire episode was a mistake { Riiiiight! In the immortal words of Maxwell Smart, ‘’missed it by that much’ }. The banks should be broken-up he states in his CNBC interview. http://albertpeia.com/ukrecessiondeepens.jpg { http://albertpeia.com/americasnumberonespook.htm }

Guest Post: You Didn’t Build That { http://albertpeia.com/americasnumberonespook.htm }

Kyle Bass Vindication Imminent? Largest Japanese Pension Fund Begins To Sell JGBs ‘…the Ponzi has reached it's Tipping Point. Japan’s population is aging, and baby boomers born in the wake of World War II are beginning to reach 65 and eligible for pensions. That’s putting GPIF under pressure to sell JGBs so it can cover the increase in payouts. The fund needs to raise about 8.87 trillion yen this fiscal year…’ , Guest Post: Major Sell Signal Triggered ,

Anglo Irish Bank’s ex-CEO arrested for fraud

ECONOMISTS: ‘Europe Is Sleepwalking Toward A Disaster Of Incalculable Proportions’ Reuters

CBO to employers: Obamacare has $4B more in taxes than expected Washington Examiner

Biderman: “The Most Damage Is Caused By Those Who Are Not As Smart As They Think They Are” Zero Hedge

Fed “Independence” Is a Scam … And No Reason to Prevent a Full Audit Washington’s Blog

Europe Can and Will Cause a Systemic Collapse… Are You Ready?

http://albertpeia.com/europecanandwillcausesystemiccollapse.htm

100 Million Poor People In America And 39 Other Facts About Poverty That Will Blow Your Mind

http://albertpeia.com/100millionpovertystrickenamericans.htm

Down Goes Britain: The UK Economy Tumbles Deep Into Recession

http://albertpeia.com/downgoesbritain.htm

Drudgereport: 7-25-12 ROMNEY MOVES INTO LEAD AT GALLUP, RASMUSSEN...
WARNS 'WE'RE GOING TO END UP LIKE EUROPE'...

Greece to run out of money by August 20...
Cash-Strapped French Socialists Face Austerity...
UK in longest double-dip recession in 50 years...

Obama campaign stepping up damage-control over 'you didn't build that' remark...

CITI Creator Says Banks Should Be Broken Up...

Feds: Drought to Drive Up Food Prices...
Up 3.7% last year...

Obama creating African-American education office { More money the nation doesn’t have down the drain! }...

DEMS REGISTER THE DEAD?
Drug money funds voter fraud in Kentucky...
REPORT: State systems for overseas voters vulnerable to hacking...

Mayhem in Anaheim as protesters clash with police...
Mobs smash windows, set fires...
Escalation...
UPDATE: FBI moves in...
Angry crowd confronts police after shooting in Dallas...

Ron Paul bill to audit The Fed overwhelmingly approved by House...
...seen dying in Senate
USATODAYGALLUP POLL: Romney preferred over Obama to handle economy...

It's Official: 5 Straight Years of $1 Trillion Deficits!

OBAMA CAMPAIGN RUNS DEFICIT IN JUNE...
Spent $2.6 million -- on polling?
Paid $93k for Half-Empty Stadium Kick-Off Event...

US poverty on track to rise to highest since 1960s...

CHICAGOLAND COPS: Teens kill man in 'knock 'em down' game...

Dave’s Daily: http://www.etfdigest.com ‘MARKETS REMAIN UNDER PRESSURE 7-24-12 Markets took a pounding again Tuesday and are probably getting oversold {not if reality has anything to do with pricing-AP}. , What In The World Is Wrong With American Kids? http://albertpeia.com/nothingthatsaneradultscantcure.htm , Biderman Goes All-In Bearish ZeroHedge.com Tyler Durden ‘…Shifting to 100% bearish … he sees at least a 20% drop from April highs followed by potentially worse as the realization of the fiscal cliff begins. The glass-half-full-of-truth Biderman notes four specific reasons for his bearish call: from wage and salary growth slowing to barely positive YoY, to the Fed's inability to create any multiplier effect to boost the economy; and from the slowing global economy where "low tides will uncover all the hidden garbage created by booms" to the basic supply/demand of stock and money based on his 'Demand' index dropping to six-month lows. His bearish view is not even predicated on Europe's conflagration accelerating which would simply add more fuel to the growing fire.’ , David Stockman: "The Capital Markets Are Simply A Branch Casino Of The Central Bank" "This market isn't real. , The Li(e)bor Rigging Scandal Infographic For Dummies http://albertpeia.com/libor.jpg

Europe Smashes All Market Records On Its Way To Total Insolvency , Santelli Rants: "Ditch The Duct Tape; The Problem Is Insolvency"

Tony Blair: Don’t Hang Bankers George Washington– { Oui; mais, au contraire … a la quillotine avec ils! } Why Is Everyone Suddenly Talking about Hanging Bankers?

Reinventing Crony Capitalism ilene - The three "de's:" deregulation, desupervision, and de facto decriminalization.

The disaster of young people in Spain thetrader - Lost generation of Spain.

Apple Falls UPDATE: AAPL -6.25% AH

Major misses everywhere, and this for the second quarter in a row - from the Q3 earnings report:

• APPLE 3Q REV. $35.02B, EST. $37.25B
• APPLE 3Q EPS $9.32, EXP. $10.37
• APPLE 3Q NET PROFIT $8.8B
• APPLE SEES 4Q REV. ABOUT $34B, EST. $38.01B
• AAPLE 3Q GROSS MARGIN 42.8%, EST. 43.8%
• APPLE SOLD 17.0 MILLION IPADS DURING QTR, UNIT EST. 15.4M
• APPLE 3Q IPOD UNITS SOLD 6.8MLN , DOWN 10%
• APPLE SOLD 4.0 MILLION MACS DURING QTR, UNIT EST. 4.3M
• APPLE SOLD 6.8 MILLION IPODS IN QTR, UNIT EST. 6.6M

Biderman Goes All-In Bearish

Submitted by Tyler Durden on 07/24/2012 …Shifting to 100% bearish … he sees at least a 20% drop from April highs followed by potentially worse as the realization of the fiscal cliff begins. The glass-half-full-of-truth Biderman notes four specific reasons for his bearish call: from wage and salary growth slowing to barely positive YoY, to the Fed's inability to create any multiplier effect to boost the economy; and from the slowing global economy where "low tides will uncover all the hidden garbage created by booms" to the basic supply/demand of stock and money based on his 'Demand' index dropping to six-month lows. His bearish view is not even predicated on Europe's conflagration accelerating which would simply add more fuel to the growing fire.

David Stockman: "The Capital Markets Are Simply A Branch Casino Of The Central Bank"

Submitted by Tyler Durden on 07/24/2012

"This market isn't real. The two percent on the ten-year, the ninety basis points on the five-year, thirty basis points on a one-year – those are medicated, pegged rates created by the Fed and which fast-money traders trade against as long as they are confident the Fed can keep the whole market rigged. Nobody in their right mind wants to own the ten-year bond at a two percent interest rate. But they're doing it because they can borrow overnight money for free, ten basis points, put it on repo, collect 190 basis points a spread, and laugh all the way to the bank. And they will keep laughing all the way to the bank on Wall Street until they lose confidence in the Fed's ability to keep the yield curve pegged where it is today. If the bond ever starts falling in price, they unwind the carry trade. Then you get a message, "Do not pass go." Sell your bonds, unwind your overnight debt, your repo positions. And the system then begins to contract... The Fed has destroyed the money market. It has destroyed the capital markets. They have something that you can see on the screen called an "interest rate." That isn't a market price of money or a market price of five-year debt capital. That is an administered price that the Fed has set and that every trader watches by the minute to make sure that he's still in a positive spread. And you can't have capitalism if the capital markets are dead, if the capital markets are simply a branch office – branch casino – of the central bank. That's essentially what we have today."

The Li(e)bor Rigging Scandal Infographic For Dummies

Submitted by Tyler Durden on 07/24/2012 http://albertpeia.com/libor.jpg

What In The World Is Wrong With American Kids?

http://endoftheamericandream.com

http://albertpeia.com/nothingthatsaneradultscantcure.htm

{ Riiiiight! It’s them dern kids who comb their hair in that funny way! Dem dern kids who’ve bankrupted the nation and their generation particularly without even asking themselves! Dern kids who’ve watched these ubiquitous wall street frauds churn and earn by way of computerized algo frauds day in, day out among the largest frauds by the largest institutions still unprosecuted but ‘donating’ heavily to the corrupt, incompetent politicos which makes their nation-debilitating crimes seem ‘alright’! Dern kids who’ve kept those real wars rolling for the sake of the military industrial complex as warned against by the great but underrated President General Eisenhower. Dern kids who clamour to be abused by sick, pedophilic adults. Well, one could at best for the sake of this article’s strained credibility/premise say, ‘it’s all in their genes’; which of course leads us ineluctably back to the quintessential question, ‘what’s wrong with american kids?’ and the unequivocal answer, ‘look in the mirror politically correct american adults’! The following article is included as a matter of first amendment principle. As for me, it’s not the kids who are america’s/this world’s problem! }

Drudgereport: 7-24-12 'JOKER' ON $26K FEDERAL GRANT { There you go…a future government slug cut down in his prime…probably would have worked bio-chemical weapons… }

USATODAYGALLUP POLL: Romney preferred over Obama to handle economy...
DICK MORRIS: 'NASTY' OBAMA IN FAVORABILITY DIVE...

Campaigns ease back into fighting mode...

Obama Reminds Supporters: 'I’m Term-Limited After This'...

FOR SALE: Obama films campaign commercial inside West Wing...

ABCNEWS taking steps to stop reporting inaccuracies... { Sounds like a plan! }
PAIN IN SPAIN BRINGS MORE DRAIN...
MOODY'S Cuts Outlook on Germany, Two Others...
Cash-strapped Argentine town pays employees by raffle...
10 Italian cities at risk of bankruptcy...
USATODAYGALLUP POLL: Romney preferred over Obama to handle economy...

It's Official: 5 Straight Years of $1 Trillion Deficits!

OBAMA CAMPAIGN RUNS DEFICIT IN JUNE...
Spent $2.6 million -- on polling?
Paid $93k for Half-Empty Stadium Kick-Off Event...

US poverty on track to rise to highest since 1960s...

CHICAGOLAND COPS: Teens kill man in 'knock 'em down' game...

David Rosenberg On A Modern Day Depression Vs Dow…0 This is looking more and more like a modern-day depression. After all, last month alone, 85,000 Americans signed on for Social Security disability cheques, which exceeded the 80,000 net new jobs that were created: and a record 46 million Americans or 14.8% of the population (also a record) are in the Food Stamp program (participation averaged 7.9% from 1970 to 2000, by way of contrast) — enrollment has risen an average of over 400,000 per month over the past four years. A record share of 41% pay zero national incomes tax as well (58 million), a share that has doubled over the past two decades. Increasingly, the U.S. is following in the footsteps of Europe of becoming a nation of dependants. Meanwhile, policy stimulus, whether traditional or non-conventional, are still falling well short of generating self-sustaining economic growth. , Dave’s Daily: http://www.etfdigest.com http://albertpeia.com/stockmarketreplay.htm ‘2010-2011 STOCK MARKET REPLAY 7-23-12 , James Holmes Is Not Alone - 20 More Examples Of The Sickos That Are Overrunning America http://albertpeia.com/americansickos.htm , 12 Signs That Spain Is Shifting Gears From Recession To Depression http://albertpeia.com/12signsspainrecessiontodepression.htm , The New York Times Admits That Virtually Every Major News Organization Allows The News To Be Censored By Government Officials http://albertpeia.com/nytimessaysallusnewscensoredbygovt.htm , 55 Percent Of Americans Believe That The Government Will Take Care Of Them If Disaster Strikes http://albertpeia.com/55percentamericansbelievegovernmentwilltakecareofthemindisaster.htm { Of course, this is absolutely foolish based upon reality and what we’ve actually witnessed. I’ve found through direct experience you can’t even depend on the government to do what they’re legally required to do as defined by law, so corrupt and incompetent the u.s. government has become: see, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

Lieborgate: Here Come The Arrests

Zero Hedge | For over four years, virtually everyone in the finance industry knew that Libor was manipulated.

http://albertpeia.com/lieborgatearrests.htm

Why We’re Called Phoenix Capital Research

July 23, 2012 By gpc1981 http://albertpeia.com/europesystemiccollapse.htm

‘…We are Phoenix Capital Research.With that in mind, it’s clear now that the world is entering a period of wealth destruction. Europe is in the midst of a sovereign debt crisis. History tells us that this will entail more than one sovereign nation going belly-up. Indeed, I believe that we’ll see ALL of the PIIGS as well as France stage sovereign defaults in the coming months.

After that will come Japan, then finally the US. By the time the smoke clears, we will have seen systemic collapse.

This will mean:

1)   Many major banks disappearing, as well as numerous potentially lengthy bank holidays (think Argentina in 2001)

2)   Multiple sovereign defaults as well as broad economic contractions and their commensurate unemployment/ civil unrest/ erasure of retirement accounts/ pensions (this process has already begun in some US municipals, e.g. San Bernandino and Stockton California as well as Harrisburg Pennsylvania).

3)   Possibly new currencies being introduced or new denominations of currencies (say one new unit being worth 1,000 of the old one)

4)   Massive wealth destruction to the tune of tens of trillions of Dollars (think MF Global i.e. the money is gone… only systemically… in fact we just had another such instance with PF)

5)   A global contraction that will result in new political/ power structures being implemented as well as the breakup of various countries/ unions.

6)   Very serious trade wars to begin (see Obama’s recent attack on China) and very possibly a real war.

If the above make you frightened, you’re not alone. As I’ve dug deeper and deeper into the inner workings of the global financial system over the past months, the information I’ve come across has only gotten worse. I’ve been holding off writing all of this because up until roughly April/May it seemed possible that the world might veer towards another outcome.

I no longer view this to be the case. I am almost certain that what I’ve written above will come to pass. I know that much of what I’ve written to you in the past could be labeled as “gloom and doom.” However, I want you to know that I do not use the words “systemic collapse” lightly. Indeed, I wish I wasn’t mentioning them now, but I’d be doing you a disservice not to bring them up because we’re well on our way towards it…’

Why We’re Called Phoenix Capital Research

July 23, 2012 By gpc1981 http://albertpeia.com/europesystemiccollapse.htm

James Holmes Is Not Alone - 20 More Examples Of The Sickos That Are Overrunning America

http://albertpeia.com/americansickos.htm

12 Signs That Spain Is Shifting Gears From Recession To Depression

http://albertpeia.com/12signsspainrecessiontodepression.htm

The New York Times Admits That Virtually Every Major News Organization Allows The News To Be Censored By Government Officials

http://albertpeia.com/nytimessaysallusnewscensoredbygovt.htm

USATODAYGALLUP POLL: Romney preferred over Obama to handle economy...

It's Official: 5 Straight Years of $1 Trillion Deficits!

OBAMA CAMPAIGN RUNS DEFICIT IN JUNE...
Spent $2.6 million -- on polling?
Paid $93k for Half-Empty Stadium Kick-Off Event...

US poverty on track to rise to highest since 1960s...

CHICAGOLAND COPS: Teens kill man in 'knock 'em down' game...

Workers on Disability Set Another Record in July...

Greek PM: Country is in 'Great Depression'..

UPDATE: MURDOCH RESIGNS FROM UK NEWSPAPERS ( No surprise here; the guy’s totally senile and globally irrelevant as I previously wrote just recently! )...

'Eyes rolling, head swaying'...
'Listless'…[ Zombie ]...
Mother disputes ABCNEWS report...
Network stands by it...

Largest mass shooting in U.S. history...

San Fran Considers Strict Outdoor Smoking Ban -- Except For Marijuana...

The Price Of Corn Hits A Record High As A Global Food Crisis Looms http://albertpeia.com/globalfoodcrisis.htm , Scandal At The IMF: Senior Economist Resigns, Says "Ashamed To Have Had Any Association With Fund At All" ZeroHedge.

Spanish Stocks Plunge Most In 12 Months As Egan-Jones Cuts Spain To CCC+ , US Banks Battered On Spain's Bailout Approval , EURUSD Free-Falling , Seven Sigma Rally In LQD: Be Careful Where You Reach For Yield

7-20-12 'JOKER' KILLS 12

SMIRK OF THE BATMAN PSYCHO...
WHY DID HE DO IT?
Ph.D. student in neuroscience...
'Really smart'...
Struggled to find work...
Collecting unemployment...
'No one knew him; No one'...
Left loud music playing in his apartment...
Had 'swagger'...
TMZ: Cops Investigating Sex Site Profile...
Told Cops He 'Was the Joker'...
Photos: Gas mask and assault rifle left at cinema...
LIVE UPDATES...
Director Nolan condemns as 'savage' and 'appalling'...
Largest mass shooting in U.S. history...

San Fran Considers Strict Outdoor Smoking Ban -- Except For Medical Marijuana...

Former SEAL Team Six Commander Launches Anti-Obama Offensive...

'IT'S A FAKE'...
Sheriff Joe's Obama probe finds 'national security threat'...
Calls Congress to move on eligibility...
VIDEO: 'Every document surrounding Obama plagued with problems'...

NEXT: Compton, CA, may declare bankruptcy...
3-Year-Old Mugged in NYC...
3-year-old boy mugged -- while sitting in stroller!
Thieves Stripping Air Conditioning Units For Freon To Get High...
HORROR: Naked, Blood-Soaked Man Breaks Into 2 Homes, Kills Elderly Woman... { http://albertpeia.com/anothertypicalblack.htm Do americans feel they deserve such a fate at the hands of the uncivilized wobama blacks }

Dave’s Daily: http://www.etfdigest.com BAD DATA IGNORED IN FAVOR OF TECH 7-19-12 { Tech? Palease, don’t make me laugh! This ‘bad news is good’ scenario based upon hopes for contraindicated, egregiously failed QE for the benefit of the frauds on wall street only to the detriment of everyone else with such hopium rallying stocks has gone beyond the point of ridiculous. It’s really rather pathetic, these so-called wall street mavens/titans of capitalism, the largest of which remain unprosecuted for their huge, lucrative, debilitating frauds wanting/expecting even more on the public dole. They’ve even gotten to the point where their computers are selling to themselves for the ‘churn and earn’ along with the algo-driven contraindicated moves up. The markets are totally cooked! Dave as always is spot-on the case! }

This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied - The Sequel ZeroHedge.com Tyler Durden Two years ago, in January 2010, Zero Hedge wrote "This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied" which became one of our most read stories of the year. The reason? Perhaps something to do with an implicit attempt at capital controls by the government on one of the primary forms of cash aggregation available: $2.7 trillion in US money market funds. The proximal catalyst back then were new proposed regulations seeking to pull one of these three core pillars (these being no volatility, instantaneous liquidity, and redeemability) from the foundation of the entire money market industry, by changing the primary assumptions of the key Money Market Rule 2a-7. A key proposal would give money market fund managers the option to "suspend redemptions to allow for the orderly liquidation of fund assets." , Guest Post: Where Is The Line For Revolution? The subject of revolution is a touchy one.  It’s not a word that should be thrown around lightly, and when it is uttered at all, it elicits a chaotic jumble of opinions and debates from know-it-alls the world over.  The “R” word has been persona non grata for quite some time in America, and until recently, was met with jeers and knee-jerk belligerence.  However, let’s face it; today, the idea is not so far fetched.  We have a global banking system that is feeding like a tapeworm in the stagnant guts of our economy.  We suffer an election system so fraudulent BOTH sides of the political spectrum now represent a hyper-rich minority while the rest of us are simply expected to play along and enjoy the illusion of choice.  We have a judicial body that has gone out of its way to whittle down our civil liberties and to marginalize our Constitution as some kind of “outdated relic”.  We have an executive branch that issues special orders like monarchical edicts every month, each new order even more invasive and oppressive than the last.  And, we have an establishment system that now believes it has the right to surveil the citizenry en masse and on the slightest whim without any consideration for 4th Amendment protections. Unless tomorrow brings a miraculous shift in current totalitarian trends, revolution may be all we have left... , Deja Food: Will Social Unrest Surge As Corn Prices Soar? , Guest Post: Market-Top Economics Market-top economics could be an entire university course, if people cared enough about such phenomena.  Most only consider the signs of a market top months or years after a crash when some unyielding economics researcher puts the pieces together.  As human-beings we have developed an uncanny ability to rationalize what we know to be bad news and convince ourselves, "This time is different," despite the fact that it usually never is. In a previous article we provided analysis on economic/equity decoupling (cognitive dissonance) and showed that the economy as we know it cannot persist--we are either due for a literal gap-up in leading economic conditions, or we are due for a serious correction in US equities.  With today's 5.4% slip in existing home-sales, let's go with the latter. , Ray Dalio's Bridgewater On The "Self Re-Inforcing Global Decline" , Guest Post: Corporate Profits Surge At Expense Of Workers , The Philly Fed Just Signaled The End Of Obama's 'Jobs' Recovery? , Guest Post: We've Decoupled, Alright - From Reality , What Housing Recovery? Existing Home Sales Miss By Most In 2 Years , Another Double Digit Negative Philly Fed Print Means Fourth Miss In A Row , The Stunning Political Reality Of The Fiscal Cliff Debate , Goldman Adjusts Q2 GDP (Down) ... Again

12 Signs That The Next Recession In The United States Has Already Begun

http://albertpeia.com/12signsusrecessionhasbegun.htm

20 Signs That All Point To The Exact Same Thing - Can You Guess What That Is?

http://albertpeia.com/20signspointtoeconomiccrisiscollapse.htm

Drudgereport: 7-19-12 NYC jobless rate hits 10%...

Huge protests against austerity cuts erupt in Spain...
...firemen strip naked

Rubio likens Obama to 'left-wing third-world leader'...

MICROSOFT reports first loss { There should be no surprise here…for some functions, for stability I use a dual boot to ubuntu (open source linux)…sadly, I’m unable to install windows 2000 professional (their best offering ever, along with microsoft word to be fair, for stability) on a dell xp machine; viz., wipe the hard drive and clean install. }...

Former SEAL Team Six Commander Launches Anti-Obama Offensive...

'IT'S A FAKE'...
Sheriff Joe's Obama probe finds 'national security threat'...
Calls Congress to move on eligibility...
VIDEO: 'Every document surrounding Obama plagued with problems'...

NEXT: Compton, CA, may declare bankruptcy...
3-year-old boy mugged -- while sitting in stroller!
Thieves Stripping Air Conditioning Units For Freon To Get High...
HORROR: Naked, Blood-Soaked Man Breaks Into 2 Homes, Kills Elderly Woman... { http://albertpeia.com/anothertypicalblack.htm Do americans feel they deserve such a fate at the hands of the uncivilized wobama blacks }

Guest Post: Organized Financial Crime Is Now The New Normal

Germany Would Leave the Euro… Well, Germans Are Already Using Deutschemarks Again! http://albertpeia.com/germanywillleaveeuro.htm ,

National Security Threat: Obama’s Birth Certificate Proven Fraudulent Watson | One of the biggest cover-ups in U.S. political history. http://albertpeia.com/obamasfraudulentbirthcertificate.htm

Why Are So Many Bad Things Happening To America? http://albertpeia.com/americacursed.htm

11 International Agreements That Are Nails In The Coffin Of The Petrodollar http://albertpeia.com/endofpetrodollar.htm

UBS Issues Hyperinflation Warning For US And UK, Calls It Purely "A Fiscal Phenomenon" ZeroHedge.com Tyler Durden City Of Compton Next On The Muni Bankruptcy Deck

National Security Threat: Obama’s Birth Certificate Proven Fraudulent Watson | One of the biggest cover-ups in U.S. political history. http://albertpeia.com/obamasfraudulentbirthcertificate.htm

Why Are So Many Bad Things Happening To America? http://albertpeia.com/americacursed.htm

11 International Agreements That Are Nails In The Coffin Of The Petrodollar

http://theeconomiccollapseblog.com

http://albertpeia.com/endofpetrodollar.htm

Why Are So Many Bad Things Happening To America?

http://albertpeia.com/americacursed.htm

Drudgereport: 7-18-12 CANADIANS NOW RICHER THAN AMERICANS (That’s pretty poor!)

Dem Effort in Congress To Pressure Romney; Release More Tax Returns...
Harry Reid: 'We Do What We Can to Protect the President of the United States'...
REPORT: Most members of Congress keep their tax returns secret...

Former SEAL Team Six Commander Launches Anti-Obama Offensive...

'IT'S A FAKE'...
Sheriff Joe's Obama probe finds 'national security threat'...
Calls Congress to move on eligibility...
VIDEO: 'Every document surrounding Obama plagued with problems'...

NEXT: Compton, CA, may declare bankruptcy...

FOXNEWS HANNITY INTERVIEWS ZIMMERMAN... DEVELOPING...
Top Syrian defense officials killed in suicide blast...
Russia accuses West of inciting opposition...
STUDY: Girls As Young As 6 See Themselves As Sex Objects... { Wow! This is really quite alarming and bespeaks america’s new-found perverse, third-world uncivilized status, which is ‘picked up’ by kids who in some ways are smarter than given credit for with a vulnerable longing to please, be accepted in light of their powerless position in our ever more deteriorating society. For the record, personally, I’ve never had a virgin though I’ve been in a position to; that’s something I just don’t do. Never have, never wanted to, never would, never will! Moreover, with the prevalence of sick pedophiles and kiddie-porn, it’s not so surprising that kids might pick up on such abominable vibes. It is difficult to imagine that little girls could be the objects of such horror as, ie., Samantha Runnion ( who was kidnapped, sexually abused and strangled by a man who lured her from her front yard by telling her he had lost his dog. Her naked body was found the next day by a hiker in Cleveland National Forest, 50 miles southeast of Stanton.^[1] The autopsy revealed that she died from compression. A sample of the kidnapper's DNA was found under her fingernail. The suspect, a Lake Elsinore, California, man named Alejandro Avila, was convicted of first degree murder with special circumstances in May 2005. His DNA was found on Samantha's body, and her DNA was found in his car. He was arrested three days after the abduction. Avila had previously been to the condominium complex where Samantha lived, because his ex-girlfriend resided there and he had been previously acquitted of molesting her daughter and niece. On May 16, 2005, the jury recommended he receive the death penalty. On July 22, 2005, Avila was formally sentenced to death. He is incarcerated at San Quentin State Prison on death row ). As an aside, I’ve included the following for the record as well: Though I’ve had many consensual sexual liasons with many different female sexual partners all of whom I liked, I’ve never, ever resorted to prostitutes. The accidental exceptions included two ‘call girls’; one having met at summer beach town bar matinee and who was ‘not working’ (as it turned out the reason being she was at the end of her menstrual cycle). The other at a grocery store with her daughter which made such in my mind, unlikely. As it turned out, both were ‘nymphomaniacs’ (which, truth be told, made for quite an exceptional sexual romp) and I simplistically inferred/surmised without dwelling on the subject that they probably expected they’d have inordinate amounts of sex anyway and might as well get paid for it – of course I didn’t nor was I asked to. The other incident I’m including here for the record concerned an absolutely beautiful (blonde hair, blue eyes, pretty, cute, perfectly built/proportioned – make no mistake, however, I like brunettes also) girl I met at a bar called ‘the Red Ranch’, later changed to ‘Harpoon Willy’s’. At closing, we immediately became amorous, near intimate to a point in my car with abrupt ‘resistance’ at the ‘crucial moments’. When I finally, ‘exasperated’, asked ‘what’s up’, she stated she had recently broken up with her boyfriend who had gone too far in the ‘sado-masochistic’ ritual behavior they were, and she still was into. I told her I wasn’t into it (I don’t connect sex with sado-masochism); never would, never did, never will. We talked for quite some time and she explained her ‘predisposition’ the (her perceived) consequence of her strict, puritanical upbringing and feelings of guilt concomitant with sexual activity requiring coincident punishment/pain when so engaged. I was busy with law school evenings, work, and teaching at a local college part-time and parted ways without taking her number and never did see her again. } { Previously, for the record: Yes...it's absolutely, unequivocally true that blacks are inherently uncivilized and in evolutionary terms, only evolved to a point ( http://albertpeia.com/anthroindex1.htm ). They are themselves racist, intolerant, hypocritical [ UPDATE: MORE CLAIMS OF RACE BIAS AT HOLDER JUSTICE DEPARTMENT... (WP) ‘ignore cases that involve black defendants and white victims ' ], and prone to violence as with any feral animal. Moreover, I must admit that I find their simian look repulsive; and, even before totally realizing the foregoing reality owing to self-destructive egalitarian propaganda, never did and never would know a black female in the biblical sense (despite their ‘intrusively easy availability’, in my view a form of bestiality - not a matter of skin color inasmuch as I have ‘known biblically’ red-Indian, brown-Hispanic, yellow-Oriental women). Wobama the b for b***s*** is a typical, jive-talking 'n-word' and consequently as well, an abject failure as president. I was fortunate to have no blacks whatsoever in my schools (schooling) through high school. }

7-17-12 The Federal Reserve Is Not Going To Save Us From The Great Depression That Is Coming http://albertpeia.com/fedcantwontsaveusfromgreatdepression.htm , The New Depression: The Breakdown of the Paper Money Economy, The End of the Bernanke Put is Here http://albertpeia.com/endofbernankeput.htm For well over a year, even after Ben Bernanke admitted that the consequences of QE outweighed the benefits , Dave’s Daily: http://www.etfdigest.com BULLS ASSUME QE3 WILL HAPPEN 7-17-12

“We have reached a profound point in economic history where the truth is unpalatable to the political class – and that truth is that the scale and magnitude of the problem is larger than their ability to respond – and it terrifies them.” Hugh Hendry

“Given the political realities, the Fed is the only game in town that can do anything to bolster the economy.” Senator Schumer

The Federal Reserve Is Not Going To Save Us From The Great Depression That Is Coming

http://albertpeia.com/fedcantwontsaveusfromgreatdepression.htm

The End of the Bernanke Put is Here

http://albertpeia.com/endofbernankeput.htm

7-17-12 VIVA: OBAMA DECLARES TEXAS 'BATTLEGROUND STATE' -- SOON...
Star of Pro-Obama Super PAC Ad Unloads: 'Obama Is a Jerk, a Pantywaist, a Lightweight, a Blowhard'... The star of a pro-Obama super PAC ad is speaking out against ... President Barack Obama."I could really care less about Obama," Donnie Box says of President Obama, according to In These Times. "I think Obama is a jerk, a pantywaist, a lightweight, a blowhard. He hasn't done a goddamn thing that he said he would do. When he had a Democratic Senate and Democratic Congress, he didn't do a damn thing. He doesn't have the guts to say what’s on his mind."Box, In These Times reports, won't be voting for Obama. Here's the pro-Obama, anti-Bain Capital ad Box appeared in: …’
Obamas have up to $450K in companies that ship jobs overseas...
UPDATE: Chevy Volt Makes NO Money, Costs Taxpayers Hundreds of Thousands of Dollars Per Car...
CA cities eye plan to seize mortgages...
Broke San Bernardino can't pick up garbage anymore...
Chicago suburb's water contaminated with vinyl chloride...
Slow progress predicted for unemployment...
Dems beg Bernanke for more easing before election...
DR. GLOOM
CNBC: How Close Are We to New Great Depression? { Already there! }
CREDIT RATING AGENCIES TO FALL UNDER GOV'T OVERSIGHT { Fake your ratings or else says extortionist, pervasively corrupt, defacto bankrupt america! } ...
3-Year-Old Mugged in NYC...
3-year-old boy mugged -- while sitting in stroller!
Thieves Stripping Air Conditioning Units For Freon To Get High...
HORROR: Naked, Blood-Soaked Man Breaks Into 2 Homes, Kills Elderly Woman... { http://albertpeia.com/anothertypicalblack.htm Do americans feel they deserve such a fate at the hands of the uncivilized wobama blacks }
COPS: Woman Kept Friend's Corpse In Armchair For 18 Months, Watched NASCAR With It...
'He Was Only Guy Who Was Ever Nice To Me'...

These 12 Hellholes Are Examples Of What The Rest Of America Will Look Like Soon http://albertpeia.com/12hellholesvisionofamericasfuture.htm , Criminal Inquiry Shifts To JPMorgan's Mispricing Of Hundreds Of Billions In CDS: Is Dimon The Next Diamond? ZeroHedge.com Tyler Durden 7-16-12 , It's Different This Time: The Scariest Equity Market Chart Around , Senate Throws The Book At HSBC Accusing It Of Massive "Money Laundering And Terrorist Financing", No Comment On NAR Money Laundering Yet Just because there is already an overflow of confidence in the financial system, here comes the Senate's Permanent Subcommittee On Investigations with a 340 page report detailing how HSBC "exposed the U.S. financial system to a wide array of money laundering, drug trafficking, and terrorist financing risks due to poor anti-money laundering (AML) controls." Of course, since HSBC is one of the world's largest banks, what it did was not in any way unique, and it is quite fair to say that every other bank has the same loose anti-money "laundering" provisions. What HSBC was likely most at fault for was not providing sufficient hush money to the appropriate powers in the highest US legislative administration. But at least tomorrow we will have yet another dog and pony show, accusing that HSBC did what the NAR does every single day. Because let's not forget that the National Association of Realtors lobbied for and received a waiver for anti-money laundering provision regulations: after all how else will US real estate remain at its current elevated levels if not for the drug, blood, and fraud money from various Russian, Chinese, and petrodollar kingpins, mafia bosses and otherwise rich people who need to launder their money in the US, in the process keeping Manhattan real estate in the stratosphere? But one can't possibly pursue the real truth if it just may impair the fair value of that backbone of honest, hard-working US society: still massively overpriced housing in a world in which those who need mortgages will never get them.

[Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”Today in Afghanistan, American troops have been seen guarding poppy fields used to make heroin. Those fields were all but wiped out by 2001 when the Taliban destroyed them and forbade that agricultural pursuit. Now they’re flourishing again after the American occupation. This doesn’t make sense despite all the mainstream reports that American troops are protecting the poppy farmers from the bad guys. Internet sites such as Prison Planet, Info Wars, The Political Coffeehouse and others report otherwise. They connect the CIA and US military to restarting the poppy fields in Afghanistan in 2002, increasing poppy growth by over 650 percent. Who’s telling it like it is? One way the CIA keeps their drug trafficking hidden from public view …’.

SHOCK: Justice Dept. will not prosecute Holder for contempt of Congress... [ Justice Department shields Holder from prosecution after contempt vote FoxNews.com | The Justice Department moved Friday to shield Attorney General Eric Holder from prosecution after the House voted to hold him in contempt of Congress. DOJ Says It Won't Prosecute DOJ Head Holder How should we say this: we are shocked, shocked, that the DOJ won't prosecute itself. BREAKING: DOJ says it won't prosecute Attorney General Holder after the GOP-led House voted to hold him in criminal contempt of Congress – Fox see also, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm House could arrest Holder with inherent contempt power The Washington Times | The thought is shocking, and conjures up a Hollywood-ready standoff scene between House police and the FBI agents. { Eh, what the heck…you can let that go…they’re hoodied blacks, not white like Nixon, etc…; and, be sure to hold on to your wallets, purses everyone ‘cause there’s black folk in the capital! }

FLASHBACK NYT: Roberts drugs 'can have troubling side effects, mental slowing and forgetfulness'... { Wow! Who woulda thunk it, known it! I certainly didn’t know of roberts’ condition. And, yes, the effects of said drugs are significant, serious as set forth above and over time particularly, debilitating. Roberts should step down, not that the u.s. supreme court is some font of reason, sound judgment, and wisdom, even lawfulness. Indeed, quite the contrary is true: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

Sorry Bulls, The Fed Will Not Engage in More QE. Http://albertpeia.com/nomoreqe.htm

The Largest Natural Disaster In U.S. History: The Endless Drought Of 2012 Will Bake America Well Into August http://albertpeia.com/bakedamerica.htm

25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm , http://albertpeia.com/debtcrisisdestroysamerica.htm , Chimps Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting Your Money http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm , Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , No Housing Recovery Until 2020 In 5 Simple Charts
http://albertpeia.com/nohousingrecoveryuntil2020in5charts.htm Durden , The Mother Of All Infographics: Visualizing America's Derivatives Universe http://albertpeia.com/usderivatives221trillionof707trillionglobal.htm , , What Do California And Detroit Have In Common? http://albertpeia.com/californiadetroitdeclineincommon.htm

These 12 Hellholes Are Examples Of What The Rest Of America Will Look Like Soon

http://albertpeia.com/12hellholesvisionofamericasfuture.htm

Senate Throws The Book At HSBC Accusing It Of Massive "Money Laundering And Terrorist Financing", No Comment On NAR Money Laundering Yet

Submitted by Tyler Durden on 07/16/2012

Just because there is already an overflow of confidence in the financial system, here comes the Senate's Permanent Subcommittee On Investigations with a 340 page report detailing how HSBC "exposed the U.S. financial system to a wide array of money laundering, drug trafficking, and terrorist financing risks due to poor anti-money laundering (AML) controls." Of course, since HSBC is one of the world's largest banks, what it did was not in any way unique, and it is quite fair to say that every other bank has the same loose anti-money "laundering" provisions. What HSBC was likely most at fault for was not providing sufficient hush money to the appropriate powers in the highest US legislative administration. But at least tomorrow we will have yet another dog and pony show, accusing that HSBC did what the NAR does every single day. Because let's not forget that the National Association of Realtors lobbied for and received a waiver for anti-money laundering provision regulations: after all how else will US real estate remain at its current elevated levels if not for the drug, blood, and fraud money from various Russian, Chinese, and petrodollar kingpins, mafia bosses and otherwise rich people who need to launder their money in the US, in the process keeping Manhattan real estate in the stratosphere? But one can't possibly pursue the real truth if it just may impair the fair value of that backbone of honest, hard-working US society: still massively overpriced housing in a world in which those who need mortgages will never get them.

[Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ]

7-16-12 Obama Goes Wild: 'If you've got a business, you didn't build that. Somebody else made that happen'... { Riiiiight! That ‘minority owned business’ incentive for government contracts, bloated/padded for non-performance and electoral considerations…’the minority view’ on the ebt, strike that, the bet network. Say anything, wobama the b for b***s*** who suffers at the least from the psychological disorder of psychogenic/dissociative amnesia. How totally preposterous and pathetic at once! Wow! That ‘choom’ did wonders for wobama’s understanding of business! Riiiiight ….they’ll beat a path to your door…to make that business happen! This guy’s a totally dysfunctional joker who’s failed by every measurable standard except increased deficits to obfuscate his unequivocal failure! Other than the ‘choom/drug’ business, what business does wobama really know? }
Campaign Holding Fundraisers in Switzerland, Sweden, France -- China?
Egyptians pelt ‘Hearts and Minds Victor’ Hillary Clinton motorcade with tomatoes...
'Monica, Monica' chants taunt...
They throw shoes...
CNBC: How Close Are We to New Great Depression? { Already there! }
CREDIT RATING AGENCIES TO FALL UNDER GOV'T OVERSIGHT { Fake your ratings or else says extortionist, pervasively corrupt, defacto bankrupt america! } ...
3-Year-Old Mugged in NYC...
3-year-old boy mugged -- while sitting in stroller!
Thieves Stripping Air Conditioning Units For Freon To Get High...
HORROR: Naked, Blood-Soaked Man Breaks Into 2 Homes, Kills Elderly Woman... { http://albertpeia.com/anothertypicalblack.htm Do americans feel they deserve such a fate at the hands of the uncivilized wobama blacks }
COPS: Woman Kept Friend's Corpse In Armchair For 18 Months, Watched NASCAR With It...
'He Was Only Guy Who Was Ever Nice To Me'...

Dave’s Daily: http://www.etfdigest.com http://etfdigest.com/commentary.html FRIDAY THE 13TH BAD NEWS BULLS 7-13-12 { I’d go even further than Dave in terms of cynicism and point to what is tantamount to the ‘pump and dumps’, programmed ‘churn and earn’, ponzis, etc., and posit that they already know the news is going to be bad because the reality is that the economy, financial institutions sitting on worthless paper marked to anything with many trillions in derivatives exposure, the nation, the system are all broke/broken and it’s merely their attempt in their fraudulent ‘alice in wonderland’ way to condition the Pavlov dogs of wall street et als to salivate on the prospect of bad news which is coming anyway. The fact is, fraudulent wall street’s paper churning gains by way of QE are Main Street’s and the real economy’s losses. There are no free lunches; so this is a great opportunity to sell/take profits since there’s much, much worse to come. Really! }

27 Things That Every American Should Know About The National Debt http://albertpeia.com/27thingsamericansshouldknowaboutnationaldebt.htm

Full PFG CEO Suicide Note

Submitted by Tyler Durden on 07/13/2012

"I have committed fraud. For this I feel constant and intense guilt...

The forgeries started nearly twenty years ago...

Should I go out of business or cheat...

 I guess my ego was too big to admit failure..."

PFG Head Arrested

Submitted by Tyler Durden on 07/13/2012

UPDATE: Suicide note details added:

• *WASENDORF SAID HE USED PHOTOSHOP, SCANNER IN FORGERY, U.S. SAYS
• *WASENDORF SAID CHOICE WAS GO OUT OF BUSINESS OR CHEAT: U.S.
• *WASENDORF'S STATEMENTS MADE IN SUICIDE NOTE, PROSECUTORS SAY
• *PEREGRINE'S WASENDORF SAID `I HAVE COMMITTED FRAUD,' U.S. SAYS

While unable to successfully kill himself, it appears the CEO of PFGBest is even less successful at evading the police. As just reported,

• *PFGBEST'S WASENDORF ARRESTED IN IOWA
• *FED PROSECUTORS CHARGE IOWA FIRM CEO  W/ LYING TO REGULATORS:AP
• *PEREGRINE CHIEF WASENDORF CHARGED BY FEDERAL PROSECUTORS (with making false statements to the CFTC)
• *WASENDORF FRAUD AT PEREGRINE LASTED 20 YEARS, PROSECUTORS SAY

What is probably more concerning to him now is the fact that he was not a Presidential bundler - as the Big House is definitely calling...

U.S. investigates whether JPMorgan traders hid losses [ Duh! ]

Obama: Biggest mistake too much perspiration, not enough inspiration [What total b***s***!] { Biggest mistake: too much b***s***, not enough substance; that’s reality, not spin! } White House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm } Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... [ Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against sending the DREAM Act to the Senate floor for full consideration. The bill would have created a path to citizenship for many young illegal immigrants brought to the United States as children. Last week, Obama announced plans to stop deporting illegal immigrants who would have qualified for the DREAM Act. The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama desperation hail mary’ that once again falls short. Indeed, as an investor, one analyzes earnings, projects prospective earnings over a 3-5 year horizon, and the quality of the earnings along macro economic factors which are affected by ‘political considerations’. Does anyone remember the honorable Ross Perot who warned of NAFTA’s effect on american jobs even as the democrat administration et als were hell-bent on passing same? Should Romney have breached his legal duty to shareholders and invested in companies with poor earnings prospects? After all, in the financial / security analysis step of projecting the income statement, prospective labor costs figure prominently in the bottomline. In sum, Romney took conditions as he found them, and made the prudent choices which as per his legal duty were optimal for those who put their trust in him. For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. ]
Will accept your birthday or anniversary gifts, too...

IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES (Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT (Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United States of America while Barack Obama is President.  The evidence is overwhelming:  everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed.  Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each.  Nearly 2-1/2 million fewer Americans have jobs than before the stimulus. Barack Obama has been President for 30 months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.  He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW.  His broken campaign promises are too numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!

12 Factors That Are Turning The Streets Of America Into A Living Hell

http://albertpeia.com/12factorsamericancitieshellholes.htm

Obama: 'We get Virginia, we win' { Well there you go….it’s now a one state Presidential race, winner take all…Wow!...The scary thing is that wobama seems to believe his own b***s***, even when he knows same to be false; as, ie., Dreams, etc.. Another choom gang fantasy? He really insults people’s intelligence. I personally believe, and strong case can be made, that wobama, like fellow chitown pol jackson, jr., suffers from psychological disorder(s). Indeed, at the least, from psychogenic/dissociative amnesia that makes the aforementioned facts beyond the grasp of his ‘current unreality’. I also believe that his heavy near everyday powerful pot (choom) use took its toll on his cognitive functions that have facilitated his outlandish claims and outright fabrications; exactly what the nation cannot afford in these critical/perilous times! }

27 Things That Every American Should Know About The National Debt

http://albertpeia.com/27thingsamericansshouldknowaboutnationaldebt.htm

Drudgereport: 7-13-12 Romney Demands Obama Apology...

Says president 'reckless and absurd'...

'Deceptive and dishonest'...

'Beneath Dignity Of His Office'...

'It's disgusting. It's demeaning'... { And, let me add, it’s indicative of total desperation on the part of wobama who has but a record of failure to run on; hence, the diversionary, disingenuous tactics to obfuscate his failure by diverting attention therefrom. People will see through the wobama subterfuge. }

GALLUP: OBAMA VS ROMNEY DEAD HEAT...

{ Drudge: What’s with your self-immolating obsession with rice? Aside from nationwide negroe fatigue (except among blacks –President Romney will get less than 1% of the black vote, no matter what – because…President Romney is white and wobama is black … period …that’s the way it is and wishing will not make it not so! ), the essential reason she’d be a bad choice is that she carries with her the failures of the bush regime (numerous) and sound management requires an unequivocal ‘new broom’ (as per Drucker, et als). http://albertpeia.com Stated another way, at this critical juncture, the nation must be managed for performance. Goals/objectives must be set and reasonable steps consistent with the goals must be taken. President Romney’s application of such a competent managerial approach was even evidenced in his acclaimed handling of the Olympics as well as his sterling record in business (Bill Clinton’s true words, though against interest) and tenure as Governor. Wobama has but b***s*** and failure obfuscating record deficits to show for his choom failed fantasy presidency. }

Dave’s Daily: http://www.etfdigest.com INVESTORS BIDE TIME AHEAD OF EARNINGS 7-12-12 ‘Jobless Claims surprised (350K vs 375K expected & prior claim revised higher to 376K) which was a refreshing change. But, the week was interrupted by July 4^th Holiday which as an important occasion may have more than a one day effect. Then there were the massive and lingering power outages on much of the mid-Atlantic region…’

Two Myths That the Bulls Continue to Cling To Were Just Rendered Moot http://albertpeia.com/twobullmythsnowmoot.htm , Dustbowl: U.S. declares drought largest disaster area ever , Jobless claims fall as plants put off retooling ‘…A Labor Department official said the data, which is adjusted to account for normal seasonal swings, may have been skewed because some automakers postponed annual closures for retooling. That means the temporary layoffs for retooling may have simply been postponed…

Two Myths That the Bulls Continue to Cling To Were Just Rendered Moot

http://albertpeia.com/twobullmythsnowmoot.htm

They Want To Sterilize American Women: New Obamacare Regulation Makes Sterilization 100% Free

http://albertpeia.com/obamacareandsterilizingamericanwomen.htm

7-12-12 SHOCK: STOCKS '50% LOWER' WITHOUT FED PUMPING...

POLL: Supreme Court Approval Lowest on Record...

Oscar-winning producer to take on Obama's 'imperial presidency' in documentary...
Carney sneers at reporter asking about college records...

Americans Will Work Over 7 Months to Pay for Govt Spending in '12...

Santa Monica extends smoking ban to apartments, condos...

Some California cities 'may cease to exist'...
San Bernardino -- Third California City to Go Bankrupt..
FACEBOOK monitors chats for suspicious activity, reports users to police...

MOODY'S downgrades Italy debt...

FLASH: Rep. Jesse Jackson Jr. 'in Rehab'...
'Persistent sleep disorder'...
Has Been Under investigation by House Ethics Committee...
NYT: His Father's Son...
Chicago police sergeant: 'Tribal warfare' on streets...
Comparable to Iraq, Afghanistan...
WAR DRUMS: USA moving dozens of underwater craft to Persian Gulf...
TOURISM PLEA TO GODFATHER: Violent crime wave must be defused...
Algorithms now 'writing' articles for newspapers and websites...
SALES TAX IN SPAIN JUMPS TO 21% { That’ll work! }
Jon Voight defends Brad Pitt's mom after death threats for anti-Obama letter...
UPDATE: Closure of Border Patrol stations across 4 states triggers alarm...
REPORT: People losing homes for as little as $400 in back taxes...
NAACP Requires Photo ID to See Holder Speak in State Being Sued Over Voter ID (they’re such b***s***/hypocrites)?
GODFATHER UNDER FIRE AS MURDER RATE SOARS...
Chicago Mayor Appeals to Gangsters' 'Values'...
'Don't touch the children'...
RADIO STATION REPORTS REP. JESSE JACKSON, JR 'ATTEMPTED SUICIDE'...
Questions mount...
NAACP goes wild for Eric Holder...
'O: This Will Be My Last Political Campaign No Matter What'...
GALLUP: APPROVE SLIPS TO 44%...
POLL: US CHANGED FOR THE WORSE UNDER OBAMA ...
Boehner: Voters Need Not 'Love' Romney...
Man Who Introduced Obama At Rally Owes $500,000 To Former Employer...
'We sort of ran out of money'...
Obama campaign threatens donors: 'We could lose if this continues'...
Obama uses 'I' and 'me' 117 times in speech...
'Delirious' Blood-Covered Naked Man Selling Candy Kills Motel Worker In Violent Rampage...
Man holds knife to 3-year-old's face, threatened to cut out tongue...
Kudlow: Obama’s Goose Is Cooked...
Obama's Social Security Number challenged...
'American story' faces fresh scrutiny... { ‘By some counts, The Story presents more than three-dozen instances of material discrepancy where Dreams fails to align with the facts as Maraniss reports them. Case in point: Maraniss confirmed that Mr. Obama's mother, Ann Dunham, left his father, Barack Obama, Sr., a volatile bigamist, and not the other way around, as related in Dreams. Dreams also related the tale of Obama's paternal grandfather, Hussein Onyango, who was said to have been detained and tortured in a prison outside Nairobi for six months because of his brave defiance of British colonialists. But after a half-dozen interviews and other research, Maraniss deemed the tale "unlikely." }

19 Warnings About A Coming Global Financial Catastrophe http://albertpeia.com/19warningsofglobalcatastrophe.htm , Dave’s Daily: http://www.etfdigest.com TWO-WAY ACTION AS FED MINUTES RELEASED 7-11- 12

Four Reasons To Be Even Less Optimistic About The Global Financial System Than You Were Last Month http://albertpeia.com/4reasonsforlessoptimism.htm , Brutal Gestapo Tactics Are Being Used Against Homeowners All Over America http://albertpeia.com/usgestapotactics.htm , Scenes Of Despair http://albertpeia.com/scenesofdespair.htm , US Attorneys General Jump On The Lieborgate Bandwagon; 900,000+ Lawsuits To Follow, And What Happens Next? ZeroHedge.com Tyler Durden , Biderman Demands New 'Non-Parasitic' Constitutional Convention , Guest Post: The Deleveraging Trap , "The Use Of Temps Is Outpacing Outright New Hirings By A 10-To-1 Ratio"

19 Warnings About A Coming Global Financial Catastrophe

http://albertpeia.com/19warningsofglobalcatastrophe.htm

Four Reasons To Be Even Less Optimistic About The Global Financial System Than You Were Last Month

http://albertpeia.com/4reasonsforlessoptimism.htm

7-11-12 Some California cities 'may cease to exist'...
San Bernardino -- Third California City to Go Bankrupt..
POLL: President Sinks to Historic Lows Among Blue-Collar MEN....
REPORT: Pelosi made up to $5 million on Asian investments in 2011 (and don’t forget feinstein’s blum who did even better)...
Investors get lowest-ever Treasury yields...
Fed Officials Weigh More 'Stimulus'...
Warn of looming crisis...
FLASH: Rep. Jesse Jackson Jr. 'in Rehab'...
'Persistent sleep disorder'...
Has Been Under investigation by House Ethics Committee...
NYT: His Father's Son...
Chicago police sergeant: 'Tribal warfare' on streets...
Comparable to Iraq, Afghanistan...
WAR DRUMS: USA moving dozens of underwater craft to Persian Gulf...
TOURISM PLEA TO GODFATHER: Violent crime wave must be defused...
Algorithms now 'writing' articles for newspapers and websites...
SALES TAX IN SPAIN JUMPS TO 21% { That’ll work! }
Jon Voight defends Brad Pitt's mom after death threats for anti-Obama letter...
UPDATE: Closure of Border Patrol stations across 4 states triggers alarm...
REPORT: People losing homes for as little as $400 in back taxes...
NAACP Requires Photo ID to See Holder Speak in State Being Sued Over Voter ID (they’re such b***s***/hypocrites)?
GODFATHER UNDER FIRE AS MURDER RATE SOARS...
Chicago Mayor Appeals to Gangsters' 'Values'...
'Don't touch the children'...
RADIO STATION REPORTS REP. JESSE JACKSON, JR 'ATTEMPTED SUICIDE'...
Questions mount...
NAACP goes wild for Eric Holder...
'O: This Will Be My Last Political Campaign No Matter What'...
GALLUP: APPROVE SLIPS TO 44%...
POLL: US CHANGED FOR THE WORSE UNDER OBAMA ...
Boehner: Voters Need Not 'Love' Romney...
Man Who Introduced Obama At Rally Owes $500,000 To Former Employer...
'We sort of ran out of money'...
Obama campaign threatens donors: 'We could lose if this continues'...
Obama uses 'I' and 'me' 117 times in speech...
'Delirious' Blood-Covered Naked Man Selling Candy Kills Motel Worker In Violent Rampage...
Man holds knife to 3-year-old's face, threatened to cut out tongue...
Kudlow: Obama’s Goose Is Cooked...
Obama's Social Security Number challenged...
'American story' faces fresh scrutiny... { ‘By some counts, The Story presents more than three-dozen instances of material discrepancy where Dreams fails to align with the facts as Maraniss reports them. Case in point: Maraniss confirmed that Mr. Obama's mother, Ann Dunham, left his father, Barack Obama, Sr., a volatile bigamist, and not the other way around, as related in Dreams. Dreams also related the tale of Obama's paternal grandfather, Hussein Onyango, who was said to have been detained and tortured in a prison outside Nairobi for six months because of his brave defiance of British colonialists. But after a half-dozen interviews and other research, Maraniss deemed the tale "unlikely." }

L.A. KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby who unlike hoodie trayvon martin killed in self-defense (from niggers) was not a thief and was totally innocent? The tragic outcomes for ignoring the threat of the uncivilized niggers! }

http://albertpeia.com/blackonbrowncrime.htm

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

The EU in Recession, the US is Entering a Recession and China is Lying About Its Growth http://albertpeia.com/euinrecessionusrecessionchinachinakissmyhina.htm , Dave’s Daily: http://www.etfdigest.com GYPSIES TRAMPS AND THIEVES 7-10-12

Labor Unions: The New, Old SuperPACs? Much has been said about the evil crony capitalism inflicted upon America as a result of PAC, SuperPACs, corporate donations, and just general bribery on behalf of America's corporations in broad terms, and Wall Street in narrow terms. But is there an even bigger destabilizing force of "cronyness" in America? According to the WSJ, there well may be: labor unions. Yes: those same entities that are so critical for Obama's reelection campaign that the president abrogated property rights and overturned the entire bankruptcy process in the case of GM and Chrysler, to benefit various forms of organized labor at the expense of evil, evil bondholders (represented on occasion by such even more evil entities as little old grandmas whose retirement money had been invested in GM bonds), appear to have a far greater impact in bribe-facilitated decision-making than previously thought. , Guest Post: Peak Employment ‘…we have already passed Peak Employment and the downward trend will continue, perhaps disguised by increasingly more part time employment.’ , ECRI's Achuthan: "The US Is In Recession Already" ‘Lakshman Achuthan, co-founder of the Economic Cycle Research Institute, spoke with Bloomberg Television’s Tom Keene today and said that, "What we said back in December was that the most likely start date for the recession would be in Q1 and if not then, by the middle of 2012. I’m here to reaffirm that. I think we’re in a recession already." And just like us, the anagrammatic ECRI economist believes that "It is not all about GDP. It is about jobs. It is about income and sales. A recession is a vicious interplay among output, input, employment, income and sales" noting that recessions don't generally start with a cliff adding (ominously): "there is this belief that somehow government or a central bank will stave off a recession. For the last 220 years, you do some history with Hamilton, which ended in a duel by the way... you have had 47 recessions. Why are we going to avoid the 48th?" ‘

The EU in Recession, the US is Entering a Recession and China is Lying About Its Growth

http://albertpeia.com/euinrecessionusrecessionchinachinakissmyhina.htm

The Corn Is Dying All Over America

http://albertpeia.com/corndyingoveramerica.htm

7-10-12 DNC Chair Invested in Swiss Banks, Foreign Drug Companies, Bank of India...
Wasserman Schultz: 'It Would Be Nice If We Had Candidate for President Who Was Committed To America'...
GODFATHER UNDER FIRE AS MURDER RATE SOARS...
Chicago Mayor Appeals to Gangsters' 'Values'...
'Don't touch the children'...
RADIO STATION REPORTS REP. JESSE JACKSON, JR 'ATTEMPTED SUICIDE'...
Questions mount...
NAACP goes wild for Eric Holder...
'O: This Will Be My Last Political Campaign No Matter What'...
GALLUP: APPROVE SLIPS TO 44%...
POLL: US CHANGED FOR THE WORSE UNDER OBAMA ...
Boehner: Voters Need Not 'Love' Romney...
Man Who Introduced Obama At Rally Owes $500,000 To Former Employer...
'We sort of ran out of money'...
Obama campaign threatens donors: 'We could lose if this continues'...
Obama uses 'I' and 'me' 117 times in speech...
'Delirious' Blood-Covered Naked Man Selling Candy Kills Motel Worker In Violent Rampage...
Man holds knife to 3-year-old's face, threatened to cut out tongue...
Kudlow: Obama’s Goose Is Cooked...
Obama's Social Security Number challenged...
'American story' faces fresh scrutiny... { ‘By some counts, The Story presents more than three-dozen instances of material discrepancy where Dreams fails to align with the facts as Maraniss reports them. Case in point: Maraniss confirmed that Mr. Obama's mother, Ann Dunham, left his father, Barack Obama, Sr., a volatile bigamist, and not the other way around, as related in Dreams. Dreams also related the tale of Obama's paternal grandfather, Hussein Onyango, who was said to have been detained and tortured in a prison outside Nairobi for six months because of his brave defiance of British colonialists. But after a half-dozen interviews and other research, Maraniss deemed the tale "unlikely." ‘ }

25 Signs The Collapse Of America Is Speeding Up As Society Rots From The Inside Out http://albertpeia.com/25signsacceleratedamericancollapseandrotwithin.htm , 14 Incredibly Creepy Surveillance Technologies That Big Brother Will Be Using To Spy On You http://albertpeia.com/14creepygovernmenttechnologiestospyonyou.htm , The US is Entering a Recession In the Worst State in the Post WWII Period… Right As the Fed Realizes It’s Out of Ammo http://albertpeia.com/usenteringrecessionworstinpostww2.htm , Formal complaint seeks disbarment of Eric Holder in DC

Futures Brokerage PFG Best Freezes Accounts Following Discovery Of Accounting Irregularity ZeroHedge.com Tyler Durden , On Gold As A Hyperinflation Put , Egan-Jones Downgrades Netherlands And Austria To A, Negative Watch , Earnings Season Preview: +9.7% 2012 EPS Growth Still Too High , Scranton Mayor: Minimum Wage For All Or Become Stockton , Two-Thirds Of Voters Say Obama Has Kept His Promise Of "Change", Although 56% Find He Has Changed It For The Worse , The Perfect Storm - Santelli Meets Farage , Guest Post: The Real Fiscal Cliff More and more Asian nations — led by China and Russia — have ditched the dollar for bilateral trade (out of fear of dollar instability). Tension rises between the United States and Asia over Syria and Iran. The Asian nations throw more and more abrasive rhetoric around — including war rhetoric…, The Hope-To-Reality Gap "Europe looks as bad as we thought it would, but our US economic outlook was too optimistic" is how JPMorgan's Michael Cembalest describes the recent environment…, Japan Machinery Orders Implode As Global Economy Grinds To A Halt , Roubini On 2013's "Global Perfect Storm" And Greedy Bankers "Hanging In The Streets"

25 Signs The Collapse Of America Is Speeding Up As Society Rots From The Inside Out
http://albertpeia.com/25signsacceleratedamericancollapseandrotwithin.htm

The US is Entering a Recession In the Worst State in the Post WWII Period… Right As the Fed Realizes It’s Out of Ammo
http://albertpeia.com/usenteringrecessionworstinpostww2.htm

7-9-12 DOOM Roubini: My 'Perfect Storm' Scenario Is Unfolding NOW...
CADDELL: Taxes and Trust - The Achilles Heels of Obama...
Maryland's Rich Flee State...
83% OF DOCTORS 'HAVE CONSIDERED QUITTING' OVER OBAMACARE
Broke Scranton, PA cuts all employees to minimum wage!
Bankrupt Alabama county asks for second look at lawyer fees...
PUTIN: WEST IS ON DECLINE...
Defends support for Syrian regime...
POLL: US CHANGED FOR THE WORSE UNDER OBAMA ...
Boehner: Voters Need Not 'Love' Romney...
Man Who Introduced Obama At Rally Owes $500,000 To Former Employer...
'We sort of ran out of money'...
Obama campaign threatens donors: 'We could lose if this continues'...
Obama uses 'I' and 'me' 117 times in speech...
'Delirious' Blood-Covered Naked Man Selling Candy Kills Motel Worker In Violent Rampage...
Man holds knife to 3-year-old's face, threatened to cut out tongue...
Kudlow: Obama’s Goose Is Cooked...
Obama's Social Security Number challenged...
'American story' faces fresh scrutiny... { ‘By some counts, The Story presents more than three-dozen instances of material discrepancy where Dreams fails to align with the facts as Maraniss reports them. Case in point: Maraniss confirmed that Mr. Obama's mother, Ann Dunham, left his father, Barack Obama, Sr., a volatile bigamist, and not the other way around, as related in Dreams. Dreams also related the tale of Obama's paternal grandfather, Hussein Onyango, who was said to have been detained and tortured in a prison outside Nairobi for six months because of his brave defiance of British colonialists. But after a half-dozen interviews and other research, Maraniss deemed the tale "unlikely." Read more: http://www.foxnews.com/politics/2012/07/04/obama-american-story-faces-fresh-scrutiny/#ixzz1zmwWPuJ5 ‘ }

7-6-12 White House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. }

http://albertpeia.com/10waysobamakillingjobsinamerica.htm

Obama administration repeats same jobs line — for the 30th month

There Will Never Be Enough Jobs In America Again

http://albertpeia.com/neverenoughjobsinamericaagain.htm

The Beatings Will Continue Until Morale Improves: 10 Ways That Obama Is Killing Jobs In America

http://albertpeia.com/10waysobamakillingjobsinamerica.htm

Germany Will Bail On the Euro Rather Than Bail the Euro Out

July 5, 2012 By gpc1981 http://albertpeia.com/germanywillbailoneuro.htm

There Will Never Be Enough Jobs In America Again

http://albertpeia.com/neverenoughjobsinamericaagain.htm

The Beatings Will Continue Until Morale Improves: 10 Ways That Obama Is Killing Jobs In America

http://albertpeia.com/10waysobamakillingjobsinamerica.htm

7-6-12 O NO: UNEMPLOYMENT STUCK AT 8.2%...
'STEP IN THE RIGHT DIRECTION'...
Just 80,000 jobs added in June...
85,000 WENT ON DISABILITY!
Unemployment rate for blacks jumps to 14.4% (Actually, that’s much too low and 100% unemployment/imprisonment/deportation would be optimal for productivity/civilized behavior/minimal violent crime)...
780,000 Fewer Women Employed Under Obama...
Romney: 'It Doesn't Have To Be This Way'...
Team Obama predicted 5.6% today with stimulus...
Broke California OKs funding for high-speed rail line...
Bush spend Fourth in Zambia, opening health clinic, visiting orphanage { The perfect place for dumbya bush; little ‘blackface’ and he’d fit right in! } ...
Ohio restaurant owner dies hours after Obama visit { Kind of like the nation as a whole; see wobama and die! } ...
Obama's Social Security Number challenged...
'American story' faces fresh scrutiny... { ‘By some counts, The Story presents more than three-dozen instances of material discrepancy where Dreams fails to align with the facts as Maraniss reports them. Case in point: Maraniss confirmed that Mr. Obama's mother, Ann Dunham, left his father, Barack Obama, Sr., a volatile bigamist, and not the other way around, as related in Dreams. Dreams also related the tale of Obama's paternal grandfather, Hussein Onyango, who was said to have been detained and tortured in a prison outside Nairobi for six months because of his brave defiance of British colonialists. But after a half-dozen interviews and other research, Maraniss deemed the tale "unlikely." Read more: http://www.foxnews.com/politics/2012/07/04/obama-american-story-faces-fresh-scrutiny/#ixzz1zmwWPuJ5 ‘ }

Ann Romney says woman being eyed for ticket...
Obama's whole campaign strategy is 'let's kill this guy' ( That’s no exaggeration, the predisposition of blacks toward whites; and, wobama can’t run on his record of failure in which he’s lied and failed! ) ...
POLL: In 15 swing states, Romney leads Obama 51% to 43%...
Romney accuses Obama of 'vicious lies' on BAIN CAPITAL...

'THE LAW I PASSED IS HERE TO STAY' { Wobama must be back on his choom pipe fantisizin’ again! }

LAND OF THE FREE: San Diego man stranded after told on 'no-fly' list...
Midwest ranchers, lawmakers protest drone flyovers...
TWITTER shares info on gov't demands for user data...
ACLU Launches Smartphone App To Secretly Record Police Stops...
'Homeland Security' Report Lists 'Liberty Lovers' As Terrorists...
Cannibal Updates: Boy bitten on neck by man in 'vampire' attack...
VIDEO: Man high on synthetic 'spice' goes on naked 'ninja' rampage...
'ZOMBIE CANNIBAL': 'I'm a eat you'...

SCORN ON THE 4TH OF JULY: Chris Rock Mocks 'Happy White Peoples Independence Day'...

TOP BLACK CHURCH BACKS HOLDER, BLASTS HOUSE...

Severed head thought to belong to Canadian cannibal's butchered lover found in park...
Pregnant woman bites off boyfriend's fingertip...

RECORD NUMBERS OF AMERICANS ON DISABILITY

NOW Mammoth Lakes files for bankruptcy!

Rep. Allen West: Obama Wants Americans To 'Be His Slave'...

4 EMAILS IN A DAY? Obama begs donors for more as Romney rakes it in...
SHOCK: Justice Dept. will not prosecute Holder for contempt of Congress... [ Justice Department shields Holder from prosecution after contempt vote FoxNews.com | The Justice Department moved Friday to shield Attorney General Eric Holder from prosecution after the House voted to hold him in contempt of Congress. DOJ Says It Won't Prosecute DOJ Head Holder How should we say this: we are shocked, shocked, that the DOJ won't prosecute itself. BREAKING: DOJ says it won't prosecute Attorney General Holder after the GOP-led House voted to hold him in criminal contempt of Congress – Fox see also, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm House could arrest Holder with inherent contempt power The Washington Times | The thought is shocking, and conjures up a Hollywood-ready standoff scene between House police and the FBI agents. { Eh, what the heck…you can let that go…they’re hoodied blacks, not white like Nixon, etc…; and, be sure to hold on to your wallets, purses everyone ‘cause there’s black folk in the capital! } ]

CHICAGOLAND: 7-Year-Old Girl Gunned Down While Selling Lemonade Outside Home...
MCCONNELL: 'Sold to American people on a deception'...
CURL: Gift to Romney... { This may seem somewhat counterintuitive and a bit of a rationalization; but, it is absolutely true. So true in fact, that wobama will come to be compared to Pyrrhus of Ephyrus (W. Greece) since realization of what this legislation won’t do for americans and the economy and what it actually does will not have the galvanizing effect that striking the bill down would have had on voters who were thinking ‘another free lunch from the government’ will save them (we all now know better, no such thing). Yes, in somewhat European tradition, defacto bankrupt america is keeping up with the (ie., rating agencies Egan) Joneses. After all, we all know how well this European program model is working out for Europe (and any other nation that’s tried it). In the final analysis, this and such programs as the contraindicated bailouts for the unprosecuted frauds on wall street, etc., will prove to be the ‘camel-back breaking’ moment for america; and, a pyrrhic victory for the egregiously failed president wobama. America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … }

HISTORIC: HOUSE VOTES HOLDER IN CONTEMPT...
DEM HOODIED BLACKS PLUS WALK OFF FLOOR...
Pelosi botches name of slain border agent...

Adult Chimpanzee Fatally Mauls Baby Chimp at LA Zoo...

ZIMMERMAN PASSED POLICE LIE DETECTOR...
REPORT...
Syringes litter NYC beach...

ZOMBIE: Man who took synthetic drug strangles dog, starts eating it...

POLL: Obama drops 8 points with whites...
... 13-point plunge among young voters

Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... { Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against sending the DREAM Act to the Senate floor for full consideration. The bill would have created a path to citizenship for many young illegal immigrants brought to the United States as children. Last week, Obama announced plans to stop deporting illegal immigrants who would have qualified for the DREAM Act. The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama desperation hail mary’ that once again falls short. Indeed, as an investor, one analyzes earnings, projects prospective earnings over a 3-5 year horizon, and the quality of the earnings along macro economic factors which are affected by ‘political considerations’. Does anyone remember the honorable Ross Perot who warned of NAFTA’s effect on american jobs even as the democrat administration et als were hell-bent on passing same? Should Romney have breached his legal duty to shareholders and invested in companies with poor earnings prospects? After all, in the financial / security analysis step of projecting the income statement, prospective labor costs figure prominently in the bottomline. In sum, Romney took conditions as he found them, and made the prudent choices which as per his legal duty were optimal for those who put their trust in him. For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. }
Will accept your birthday or anniversary gifts, too...

VIDEO: Obama Trips At Campaign Event In Tampa...

ZOMBIE: Naked man bites off chunk of arm...

PAPER: Obama's grandfather tortured by the British? A fantasy (like most of the President's own memoir)... { http://albertpeia.com/wobamaschoomgangfantasy.htm }

JAILHOUSE CALLS: Zimmerman told wife to buy bulletproof vest...
WAR ZONE: 7 Killed, Dozens Wounded During Obama Visit to Chicago...
More killed this year than in Afghanistan...
Bill Maher: 'The Problem With Racism Is Matt Drudge'... { Oh riiiiight! Drudge is the racist for reporting facts/reality concerning black on every color crime along with black threats. What can you expect from maher who is an null sum embarrassment/disgrace who like the italian scallion had married (and I believe is now divorced from) a black (he like booby deniro need rationalization)? } Here’s some reality for maher who doesn’t mahter:

U.S. Cannibal Updates: Doctors release first photos of Miami cannibal victim...
**WARNING: Extremely graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:

'Zombie Bullets' In High Demand Following Cannibal Attacks...
COPS: Attacker bit off large chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat Cop...
'Growled, opened and closed his jaw'...
Woman bites wig shop owner’s bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby who unlike hoodie trayvon martin killed in self-defense (from niggers) was not a thief and was totally innocent? The tragic outcomes for ignoring the threat of the uncivilized niggers! }

http://albertpeia.com/blackonbrowncrime.htm

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

The Biggest Financial Scandal In History? http://albertpeia.com/anotherbiggestfinancialscandal.htm ‘We always knew that the financial markets were rigged, but this is getting ridiculous.  It is now being alleged that 20 major banks have been systematically fixing global interest rates for years.  Barclays has already been fined hundreds of millions of dollars for manipulating Libor (the London Inter Bank Offered Rate).  But Barclays says that a whole bunch of other banks were doing this too.  This is shaping up to be the biggest financial scandal in history, and criminal investigations have been launched on both sides of the Atlantic.  What those investigations are likely to uncover could shake the financial markets to their very core.  In the end, this scandal could absolutely devastate confidence in the global financial system and it could potentially bring down a number of major global banks.  We have never seen anything quite like this before.

What Is Libor?

As mentioned before, Libor is the London Inter Bank Offered Rate.  A recent Washington Post article contained a pretty good explanation of what that means....

In the simplest terms, LIBOR is the average interest rate which banks in London are charging each other for borrowing. It’s calculated by Thomson Reuters — the parent company of the Reuters news agency — for the British Banking Association (BBA), a trade association of banks and financial services companies.

Why Does Libor Matter?

If you have a mortgage, a car loan or a credit card, then there is a very good chance that Libor has affected your personal finances.  Libor has been a factor in the pricing of hundreds of trillions of dollars of loans, securities and assets.  The following is from a recent article by Maureen Farrell....

These traders influenced the pricing of the London Interbank Offered Rate or Libor, a benchmark that dictates the pricing of up to $800 trillion of securities (yes trillion)…’

Equities Fumble As Broke Banks Mounting ZeroHedge.com Tyler Durden 7-5-12 , Thunder Road Report On The Death March: Approaching A New Financial System , The Next Imminent Bailout: Eminent Domain It seems that governmental efforts to save the underwater and ineligible homeowner from his own fate are reaching fever pitch. Not only do we hear today of the up to $300mm in Agriculture Department Rural Housing Service loans that may have financed ineligible projects or borrowers with a high potential inability to repay the loans; but yesterday's WSJ reports on the growing call for 'eminent-domain' powers to be used by local government officials in California to stop the "housing bust's public blight on their city". In yet another get-out-of-jail-free card, the officials (helped by a friendly local hedge-fund / mortgage-provider) want to use the government's ability to forcibly acquire property to remove underwater homes, restructure the mortgage (cut principal), and hand back the home to the previously unable to pay dilemma-ridden homeowner. As PIMCO's Scott Simon puts it: "I don't see how you could find it anything other than appalling", as this would crush property prices further and drive up borrowing costs. As we noted earlier, until these mal-investments are marked to market, there will be no useful growth in our credit-bound economy but transferring wealth to the 'mal'-investor seems like a terrible idea

The Biggest Financial Scandal In History?

http://albertpeia.com/anotherbiggestfinancialscandal.htm

Equities Fumble As Broke Banks Mounting

Thunder Road Report On The Death March: Approaching A New Financial System

70 Reasons To Mourn For America

http://albertpeia.com/70reasonstomournforamerica.htm

7-5-12 POLL: In 15 swing states, Romney leads Obama 51% to 43%...
Romney accuses Obama of 'vicious lies' on BAIN CAPITAL...
13,000 Pages of Regulations for New ObamaTaxes Drafted...
JINDAL: Way paved for 'tofu' tax...
Romney And Obama Supporters Clash at July 4th Parade...
Obama's Social Security Number challenged...
'American story' faces fresh scrutiny... { ‘By some counts, The Story presents more than three-dozen instances of material discrepancy where Dreams fails to align with the facts as Maraniss reports them. Case in point: Maraniss confirmed that Mr. Obama's mother, Ann Dunham, left his father, Barack Obama, Sr., a volatile bigamist, and not the other way around, as related in Dreams. Dreams also related the tale of Obama's paternal grandfather, Hussein Onyango, who was said to have been detained and tortured in a prison outside Nairobi for six months because of his brave defiance of British colonialists. But after a half-dozen interviews and other research, Maraniss deemed the tale "unlikely." Read more: http://www.foxnews.com/politics/2012/07/04/obama-american-story-faces-fresh-scrutiny/#ixzz1zmwWPuJ5 ‘ }

Ann Romney says woman being eyed for ticket...
Obama's whole campaign strategy is 'let's kill this guy' ( That’s no exaggeration, the predisposition of blacks toward whites; and, wobama can’t run on his record of failure in which he’s lied and failed! ) ...
POLL: In 15 swing states, Romney leads Obama 51% to 43%...
Romney accuses Obama of 'vicious lies' on BAIN CAPITAL...

'THE LAW I PASSED IS HERE TO STAY' { Wobama must be back on his choom pipe fantisizin’ again! }

The Great Crash Ahead with Author Harry Dent 7-3-12

And Now The Fed Gets Dragged Into LiEborgate

Tuesday Humor: "Citi Today Is A Different Bank Than It Was Before The Crisis"

Cashin On The Constitution And Obamacare

Gold And Stocks Soar As Risk Recouples

Biderman On Europe And The Rally: "It's All Bullshit"

Goldman Lowers Q2 Tracking Estimate To 1.5%

European Funding Stress Worst In Over 3 Months

They Are Turning Our Crops, Animals And Even Our Babies Into Freakish Genetic Monsters - What Could Go Wrong?

http://endoftheamericandream.com

http://albertpeia.com/freakishamericangeneticmonsters.htm

Drudgereport: 7-3-12 POLL: In 15 swing states, Romney leads Obama 51% to 43%...
Romney accuses Obama of 'vicious lies' on BAIN CAPITAL...

Greece to present debt inspectors 'alarming' data...
France Faces Major Test as It Enters 'Danger Zone'...
Cyprus starts bailout talks with EU, IMF...

Ex-President Sarkozy's home, offices raided by police...

Cannibal Updates: VIDEO: Man high on synthetic 'spice' goes on naked 'ninja' rampage...
'ZOMBIE CANNIBAL': 'I'm a eat you'...
Severed head thought to belong to Canadian cannibal's butchered lover found in park...
Pregnant woman bites off boyfriend's fingertip...

Kicking The Can Down The Road http://albertpeia.com/kicksinthecandowntheroad.htm ‘Has Europe finally been saved this time?  Has this latest "breakthrough" solved the European debt crisis?  Of course not, and you should know better by now.  European leaders have held 18 summits since the beginning of the debt crisis.  After most of the preceding summits, global financial markets responded with joy because European leaders had reached "a deal" which would supposedly solve the crisis.  But a few weeks after each summit it would become clear that nothing had been solved and that the financial crisis had actually gotten even worse than before.  How many times do they expect us to fall for the same sorry routine?  Nothing in Europe has been solved.  You can't solve a debt problem with more debt. ’ , 12 Incredible Obamacare Quotes That Show That Our Wretched Healthcare System Is Headed Directly Into The Toilet http://albertpeia.com/americanhealthcaretoilet.htm , If One Storm Can Turn D.C. Dark For Several Days, What Would A Massive EMP Burst Do? http://albertpeia.com/empburst.htm , Asian shares inch up as weak factory data boost Fed hopes { What’s wrong with this headline?-The fact is that the so-called ‘fed hopes’ have failed and put the real economy on the ropes! } , On The USD's (usdollar’s) Demise ZeroHedge.com Last week the BEA published it preliminary take on the international investment position (IIP) of the country. As Citi's FX team note, the IIP measures foreign investment assets minus native assets owned by foreigners. In the US, the IIP has been negative (meaning the US is a debtor nation) since 1985. The US’s IIP deficit reached USD 4.03trn in 2012, up sharply from 2.47trn in 2011. As a share of nominal GDP, the IIP deficit reached a record (for the US) of -27%.  Commonly accepted wisdom based on a combination of models and experience is that an IIP bigger than +30% of GDP or smaller than -30% is a problem.

The Dark (Pool) Truth About What Really Goes On In The Stock Market: Part 2 ‘…researched what was going wrong at Trading Machines. The document was a detailed blueprint of a high-frequency method that was said to be popular in Chicago’s trading circles. It was called the “0+ Scalping Strategy.”…’ , The MK2 Grenade: Mike Krieger And Max Keiser Take On The World Of Financial Crime , Unsealed Documents Expose Morgan Stanley Forcing Rating Agencies To Inflate Ratings , Guest Post: The Great LIBOR Bank Heist of 2008? , Joe Saluzzi: HFT Parasites Are Killing The Market Host , The Dark (Pool) Truth About What Really Goes On In The Stock Market: Part 3 , Global Growth Outlook Weakens , Big Banks Have Criminally Conspired Since 2005 to Rig $800 Trillion Dollar Market Posted by : George Washington Post date: 07/01/2012 - 21:40… But Receive Only a Light Slap on the Wrist , 77% of JP Morgan’s Net Income Comes from Government Subsidies Posted by: George Washington Post date: 07/01/2012 - 15:44 JP Morgan Sucks at the Government Teat , Sorry Folks, Spain Isn’t “Saved” And The Next Leg Down is Coming Soon / The Exact Moment Greece Will Leave the Euro gpc1981 http://albertpeia.com/greeceyspainpain.htm , Chief Justice John Roberts Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } , Houston, We Have Contraction , China's Landing Getting Harder As Stimulus Fails To Prime Pump , As US Closes June With $15,856,367,214,324.44 In Federal Debt, US Debt/GDP Hits Post WWII High Of 101.5%

Murdoch Dissatisfied With "Weak" Romney, Allies Say http://albertpeia.com/senilepenalmurdoch.htm { Yeah; murdoch prefers the ‘tougher’ gay choom gang banger wobama alternative. More cream pies in his face cries the senile old media meister. Yeah; the majority of the electorate think just like billionaire murdoch. Let’s not kid ourselves…murdoch’s totally gone…even the wisdom of his company’s breakup/split into two companies is being seriously questioned. …’ Murdoch wrote on Twitter. "Tough O Chicago pols ( Aah! Riiiiight! Just what the country needs; crime, corruption, cook county politics, capone/chicago style , hudson county/jersey city/newark,n.j. style, etc.; … Even LA’s substantially better than that; and, make no mistake, as ‘wobama country’ LA’s pretty bad, etc.) …will be hard to beat unless he drops old friends from team and hires some real pros’… First reality: He could hire some real pros without dropping old friends… even americans will prove smart enough and not sufficiently self-destructive enough and will not embrace proven failure, viz., given the magnitude of wobama’s failure and the unaffordable, insurmountable expense of obfuscation: ‘…those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure...’ ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s(CNN)‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’ … )

Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... [ Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud/failure and anyone who buys into election-year desperation, etc., is just a fool ! .. ]
Will accept your birthday or anniversary gifts, too...

[ I’d say rupee is full of poopee and a bit mixed up and ‘all over the place’ in his (senile) ‘thought process’ as he seeks to cover all bases! Murdoch paper endorses McCain | Media | guardian.co.uk

New York Post Endorses McCain: What Role Did Murdoch Play?

Barack Obama's Unlikely Supporter Rupert 'Fox News' Murdoch ...

}

CURL: Gift to Romney... { This may seem somewhat counterintuitive and a bit of a rationalization; but, it is absolutely true. So true in fact, that wobama will come to be compared to Pyrrhus of Ephyrus (W. Greece) since realization of what this legislation won’t do for americans and the economy and what it actually does will not have the galvanizing effect that striking the bill down would have had on voters who were thinking ‘another free lunch from the government’ will save them (we all now know better, no such thing). Yes, in somewhat European tradition, defacto bankrupt america is keeping up with the (ie., rating agencies Egan) Joneses.. a pyrrhic victory for the egregiously failed president wobama. }

{ In sum, though comfortably familiar to aussie murdoch, himself the product of penal colony progeny in what has now become tantamount to a global penal colony with inmates running the institution/asylum, rupee the poopee is less comfortable with fact/reality of his global irrelevance... }

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American http://albertpeia.com/ecricallsrecession.htm , Computers on Wall Street are Buying and Selling to Themselves { Churnin’ and earnin’ http://albertpeia.com/churninandearnin.htm 6-29-12 Suckers’ short covering plus high frequency algo rally into the close to keep suckers sucked in for month, quarter, half window dressing (manipulated stock prices, oh my! Realize that these fraudulently induced commissions come OUT of the real macro economy which has been a major problem for quite some time!) } - As per Dave (Dave’s Daily: http://www.etfdigest.com ‘.. There were grandiose statements, promises and more importantly, details to be worked out. The latter will wait since bullish algos only move on headlines and not pesky details..’ ‘6-28-12 … But a late day rally on an old Bloomberg story that Italy and Spain might get some short-term help launched algo buy programs late...’) 7-2-12 Global Growth Outlook Weakens , Big Banks Have Criminally Conspired Since 2005 to Rig $800 Trillion Dollar Market George Washington 07/01/2012 … But Receive Only a Light Slap on the Wrist , 77% of JP Morgan’s Net Income Comes from Government Subsidies JP Morgan Sucks at the Government Teat , Sorry Folks, Spain Isn’t “Saved” And The Next Leg Down is Coming Soon / The Exact Moment Greece Will Leave the Euro gpc1981 http://albertpeia.com/greeceyspainpain.htm , Chief Justice John Roberts Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } , Houston, We Have Contraction , China's Landing Getting Harder As Stimulus Fails To Prime Pump , As US Closes June With $15,856,367,214,324.44 In Federal Debt, US Debt/GDP Hits Post WWII High Of 101.5% , 15 Reasons Why The Obamacare Decision Is A Mind Blowing Disaster For America http://albertpeia.com/15reasonsobamacareisadisaster.htm , 17 Reasons To Be EXTREMELY Concerned About The Second Half Of 2012 http://17reasonssecondhalfworse.htm , 22 Statistics That Prove That The American Dream Is Being Systematically Destroyed http://albertpeia.com/americandreamdestroyed.htm Where Does Money Come From? The Giant Federal Reserve Scam That Most Americans Do Not Understand http://albertpeia.com/federalreservescam.htm , The EU Has Already Broken Up… They Just Haven’t Formalized Yet http://albertpeia.com/eualreadybrokenup.htm , http://albertpeia.com/totaleconomiccollapseseptoct.htm , Egan Jones Downgrades Germany From AA- To A+ , "Bankruptcy Only Choice Left" As Stockton Set To Become Largest US City Chapter 9 , Deutsche Bank Hides The Hopium: "The Next Recession Should Start By The End Of August" , Richmond Fed Plunges; Consumers Underconfident For The Fourth Month In A Row , Art Cashin Warns: "Beware The Ides Of September" ( Suckers’ algo rally into the close off lows; great opportunity to sell/take profits! Much worse to come! ) Dave’s Daily: http://www.etfdigest.com http://etfdigest.com/commentary.html BANKS RALLY ON DOWNGRADES 6-22-12 ‘It would appear the rating agencies are either “leading from behind” or just don’t have much respect these days after they botched the mortgage crisis’ { As an aside, I thought Rodney Dangerfield was absolutely hilarious in that great comedy classic, ‘Caddyshack’ and I’m glad Dave used his image here http://albertpeia.com/dangerfieldindeed.jpg }. , The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap When the US Dollar is ultimately dethroned as the world's reserve currency (and finally gets rid of all those ridiculous three letter post-Keynesian economic "theories") nobody will have seen it coming. Well, nobody except for the following headlines: ""World's Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In Direct Currency Trade", "China, Russia Drop Dollar In Bilateral Trade", "China And Iran To Bypass Dollar, Plan Oil Barter System", "India and Japan sign new $15bn currency swap agreement", "Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says", "India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees." And while the expansion of the "dollar exclusion zone" was actually quite glaring to anyone who dared to look, one thing was obvious: it was confined to Asia. No more courtesy of the following FT headline: "Brazil and China agree currency swap." More: "Brazil has provided a vote of confidence in China’s efforts to promote the renminbi as a reserve currency by becoming the biggest economy yet to agree a swap deal with Beijing. Brazil and China announced the R$60bn (US$29bn) local currency swap after a bilateral meeting between Wen Jiabao, the Chinese premier, and Dilma Rousseff, Brazil’s president, on the sidelines of the Rio+20 environmental summit in Rio de Janeiro." , The Economic Collapse Is Not A Single Event http://albertpeia.com/economiccollapsenotsingleevent.htm , The Spanish Bailout Explained With One Image Zerohedge.com http://albertpeia.com/suicidegun.jpg , AMERICA’S FAILED ECONOMIC APPROACH IN A NUTSHELL (image courtesy of Dave Fry http://etfdigest.com ) : http://albertpeia.com/insanity.jpg Well done, Dave! , America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … Suckers’ rally into the close off lows to keep the fraud rollin’ as in previous session, Dave Fry/Dave’s Daily: Timing is Everything vs. Seductive Hype { Yes, Dave; indeed that’s true, timing is everything, certainly in stock market investing. And, REMEMBER: ONLY A FEW DAYS LEFT TO SELL IN MAY AND GO AWAY ! IF YOU HAVEN’T SOLD BY JUNE YOU ARE A LUNE! Great opportunity to sell into this short-covering / HFT algo-driven rally into the close to window dress the bad news / bad fundamentals scenario; because, there are no bargains on fraudulent wall street. Dave’s Daily: http://www.etfdigest.com ‘…After being down nearly 200 points markets turned around late as the infamous 2:15 PM Buy Program Express kicked-in (a few minutes late) and stocks rallied sharply off lows as another short squeeze began…’ }, , Rajoy: Pain in Spain to deepen despite bank rescue AP , Farage On The Spanish Bailout: "A Reinforcement Of Failure" http://albertpeia.com/reinforcementoffailure.htm , Dave’s Daily: http://www.etfdigest.com MARKETS RETHINK SPAIN AND ITALY 6-11-12 {Contrasted to prior trading day folly/fraud} MARKETS RALLY ON LIGHT VOLUME 6-8-12 ‘Markets started the day off weakly then rallied late because…wait for it, Spain is rumored to be willing to ask for help, and Obama said European leaders face an “urgent need to act”. No, you can’t make this kind of stuff up. His statement is about as effective as a Kofi Annan Syrian peace plan. Search as I may, there seems to be little hard news to explain Friday’s rally…’ { This all too familiar foolishness/fraud on wall street so inconsonant with reality presents again a great opportunity to sell / take profits! }, 6-7-12 Think about the preposterousness of yesterday’s 286 point pop on the DOW based on b***s***, contraindicated hopes for QE, etc., Previous day: 6-6-12 The ultimate suckers’ rally on hopes for contraindicated QE which has clearly NOT WORKED for all except the frauds on wall street enriched thereby at everyone else’s expense (higher gas prices, costs, etc.) and to keep suckers sucked in; this is a huge opportunity to sell/take profits. Reality from Dallas Fed’s Fisher, “And there is a growing sense that we are unwittingly, or worse, deliberately, monetizing the wayward ways of Congress. I believe that were we to go down the path to further accommodation at his juncture, we would not simply be pushing on a string but would be viewed as an accomplice to the mischief that has become synonymous with Washington.”as per Dave who’s all over this travesty: Dave’s Daily: http://www.etfdigest.com BIG WEDNESDAY SHORT SQUEEZE 6-6-12 ‘There wasn’t much in the way of “hard news” to account for Wednesday’s large stock market rally beyond oversold conditions. The ECB left interest rates unchanged. Germany did mumble something about helping Spanish banks in some undefined manner. And, in a show of defiance or cluelessness, France cut the retirement age to 60.The U.S. Productivity & Cost report was negative (-.9% vs. -.8% expected & prior -.5%). Some bulls spun this as showing employers would be willing to hire more. That seemed a stretch. Other bulls spun it to mean more QE certainly.The Fed’s Beige Book report released this afternoon reflects old data from the spring which as most know showed growth as moderate…’ , Morgan Stanley Sees QE3 Rally Lasting Hours Not Weeks Zerohedge.com Tyler Durden , Form Worst To First - S&P Has Best Day Of 2012 Shortly After Worst , On Capital Markets, Confidence Tricks, And Criminals , US factory goods orders -0.6% in Apr, well below market expectations of +0.3% vs big negative revision for Mar from -1.5% to -2.1%; inventories unch. , Big factory orders miss on top of last week’s grim jobs data sends some of those in the record dollar long position heading toward the exit. , 21 Signs That This Could Be A Long, Hot, Crazy Summer For The Global Financial System http://albertpeia.com/21signsbadsummerforglobalfinancialsystem.htm , The EU’s Systemic Risk: Why This Time IS Different http://albertpeia.com/eusystemicrisk.htm , Dave’s Daily: http://www.etfdigest.com FORCING THE FED’S HAND 6-4-12 ‘Trading desks and hedge funds may just keep driving equity prices lower until the Bernanke led Fed responds with the QE3 they want…’ , The Bad Jobs Report Is Just A Very Small Taste Of The Nightmare That Is Coming http://albertpeia.com/badjobsreportsmalltasteofcomingnightmare.htm , "The End Game: 2012 And 2013 Will Usher In The End" - The Scariest Presentation Ever? http://albertpeia.com/endgamecollapse.htm , Biderman: "Everyone Is Now A Seller Of US Stocks" ZeroHedge.com Submitted by Tyler Durden on 05/31/2012 http://albertpeia.com/everyonenowasellerofusstocks.htm , Albert Edwards Has Some Words Of Discouragement: Welcome To S&P 500 Hell "Expect the S&P500 to decline decisively below its March 2009, 666 intraday low. All hope will be crushed." http://albertpeia.com/sp500todeclinebelow666.htm , Guest Post: Uncle Sam Admits Monitoring You For These 377 Words http://albertpeia.com/usdhsadmitsmonitoringyouforthese377words.htm , Dave’s Daily: http://www.etfdigest.com 5-29-12 MARKETS RISE ON STIMULUS HOPES ‘…the ultimate Ponzi Scheme…‘ , ALGOS FEAST ON RUMORS 5-24-12 ‘The overall news continues to be dreadful…’ http://albertpeia.com/dave.htm , The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm { Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm } , Greece Could Implode the Second Bailout and the EU by Mid-June http://albertpeia.com/greecesecondbailouteuimplosion.htm , Eurobonds: The Issue That Could Shatter Europe http://albertpeia.com/eushatteringeubonds.htm , As Reality Recedes, Rumor Rampage Returns , Biderman On Bad Data And China's Recession , On The Predictability Of European Lies , HP to lay off about 27,000, profit slides 31 percent , http://albertpeia.com/obamas5trilliondollarlie.htm , http://albertpeia.com/fedecbcantstopcomingcrash.htm , http://albertpeia.com/bankrunsspainitalyeuropeanarchy.htm , JPMorgan Estimates Immediate Losses From Greek Exit Could Reach 400 Billion ZeroHedge.com Durden , Are They Insane? 58 Percent Of Americans Believe Economic Conditions In The United States Will Be Good A Year From Now http://albertpeia.com/insanelyoptimistic.htm , If You Live In California Things Just Got A Whole Lot Worse http://albertpeia.com/hopelesscluelesscalifornia.htm Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , Why Is The Obama Administration Allowing The Chinese Government To Buy Up U.S. Oil And Gas Deposits Worth Billions Of Dollars? http://albertpeia.com/chinabuyingamerican.htm , Merkel is Backed Into a Corner… Commit Political Suicide or Bail on the Euro? May 13, 2012 By gpc1981 http://albertpeia.com/merkelpolsuicideorbailoneuro.htm , State Election Defeat Seen as Disaster for Merkel (WSJblogs) , Greece Can No Longer Delay Euro Zone Exit It’s Going to Get Harder for Merkel (Der Spiegel) J.P. Morgan has significant credit portfolio loss May 10th, 2012 by News Breaking…………“Shares of J.P. Morgan Chase & Co. JPM -5.89% dropped after the bank said in a regulatory filing late Thursday it had “significant” mark-to-market losses in its synthetic credit portfolio. Shares fell 4.5% to $38.87 in after-hours activity. In a Securities and Exchange Commission filing, the bank said its synthetic credit portfolio had proved to be riskier and more volatile than expected.”MarketWatch MK comment: Sound familiar? Think Bear Stearns, early 2008. , J.P. Morgan Reveals 'London Whale'-Size Losses , Surprising JPMorgan loss hits stock market late NEW YORK (Reuters) - Stock index futures fell sharply on Thursday evening as JPMorgan Chase & Co stunned investors with news that its chief investment office had incurred "significant mark-to-market losses... , Marc Faber Sees A 1987-Like Crash Approaching www.zerohedge.com Durden, "Europe Has Started The Endgame" And Biderman Says "The US Is Next" , Greece's Jobless Soar By 42% As Unemployment Rises To Record, Industrial Collapse Accelerates , Dave’s Daily: http://www.etfdigest.com STOCKS ATTEMPT TO RALLY 5-10-12 ‘In overseas news, China’s exports were only 4.9% vs 8.5% expected (I guess that qualifies as a miss). China is also rumored to be intervening to support the euro (or, defending their position) which should explain why the currency hasn’t fallen further. In England, the Central Bank head Merwyn King has (gasp!) halted bond buying (QE) due to the combination of inflation and recession—yes, commonly known as stagflation. In the U.S. Jobless Claims (367K vs 366K expected & prior adjusted higher to 368K) allowed for a bullish headline as usual http://albertpeia.com/wobamaexecorderforoneworldgovernment.htm , http://albertpeia.com/militarypensiondebacle.htm , http://albertpeia.com/nyteconomistkrugmanwrong.htm , Dave’s Daily: http://www.etfdigest.com .. After hitting some support levels markets rallied sharply into the close led by (ahem) the reliable 2:15 PM Buy Program Express. Five Reasons For Caution In US Equities ZeroHedge.com http://albertpeia.com/5reasonsforcautioninusequities.htm [ As astutely pointed out by Dave, ‘Michigan Consumer Sentiment Report (76.4 vs 75.8 expected and prior 75.7) which is weighted more heavily by stock market prices than Consumer Confidence’, this thusly is the ultimate ‘bootstrap’ for these bubble stock prices. ] 95 Percent Of The Jobs Lost During The Recession Were Middle Class Jobs http://albertpeia.com/95percentofjobslostmiddleclass.htm , New study: High U.S. debt levels could mean a quarter century of weak growth (The American Enterprise Institute) [ That’s optimistic; and towards the end there at best! Remember: Decades at Best! ] , Total US Debt Soars To 101.5% Of GDP Durden on 05/01/2012 , Dallas Fed: Why We Must End TBTF Now! Suckers’ rally - schtooping for apples – This is an especially great opportunity to sell / take profits! Corporate insiders are sell like there’s no tomorrow http://albertpeia.com/22redflagsofdoomforglobalfinancialmarkets.htm – REMEMBER: SELL IN MAY AND GO AWAY! , STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider, Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , 4-11-12 GARY SHILLING: PROFITS WILL PLUMMET AND STOCKS WILL PLUNGE 43% By Mamta Badkar | Business Insider 4-17-12 Dave’s Daily: http://www.etfdigest.com BULLS HAVE GREAT EXPECTATIONS { Which means GREAT OPPORTUNITY TO SELL/TAKE PROFITS with much worse to come! } 4-17-12 ‘There was little news to account for any rally on this Turnaround Tuesday given poor Industrial Production and lower than expected Housing Starts. But, bulls are looking ahead to earnings which have been much lowered and engineered to beat expectations … There could also be some fresh money to funds as investors beat the tax deadline. That money gets invested quickly.IBM just announced earnings that missed top line revenue estimates and stock falls. Intel (INTC) beats lowered estimates but stock is lower in after-hours trading…’ http://albertpeia.com/shillingsaysstockswillplunge43percent.htm , 4-12-12 Hope for economically contraindicated wall street welfare rallies stocks on really bad news, much of which bad news here as in Europe, the direct consequence of failed, contraindicated, costly wall street welfare (QE’s, ZIRP, etc.) that everyone’s paying for now and in the future (bad economics, inflation, etc.)! Dave’s Daily: http://www.etfdigest.com BAD NEWS BULLS 4-12-12 ‘Let’s see, Jobless Claims were terrible by recent comparisons and recorded a large miss (380K vs 355K expect and prior revised higher as usual to 367K). Some analysts blamed Easter for the rise which seems odd frankly. Plenty of rumors were planted that China’s GDP growth (released Friday) would be better than expected and yields in the eurozone were lower on talk of more ECB buying…’ , 4-2-12 ‘Massive Wealth Destruction’ Is About to Hit Investors: Faber http://albertpeia.com/massivewealthdestructionabouttohit.htm , RICHARD RUSSELL: A Massive Stock Market Collapse Will Wipe Out 60 Years Of Inflation And Leveraging Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm , The 15 Trillion Dollar Party http://albertpeia.com/bankruptamericadestroyingthefuture.htm { WALL STREET IS SO FRAUDULENTLY BEYOND THE PALE; FOR THERE IS NO QUESTION BUT THAT THEY BELONG IN JAIL! } , Both The Market and Government Are Irrational Paul Craig Roberts | One of the great economic myths is that markets are rational. Not a day passes without this myth being disproved scores of times, but the myth persists. [ 4-10-12 Don’t buy their ‘buy the dip’ b***s***, still a great opportunity to sell/take profits since Rosenberg Ruminates On Six Roadblocks For Stocks Durden ‘On this basis, the market as a whole is OVERPRICED BY MORE THAN 20%.’ { http://albertpeia.com/rosenbergsaysmarketovervaluedmorethan20percent.htm } , The Shocking Truth About Unemployment In America In One Chart http://albertpeia.com/shockingtruthofunemploymentinamerica.htm , Bob Janjuah: S&P At 800, Dow/Gold Ratio Will Hit 1 Before Next Real Bull Cycle Durden , 3-30,29,28,-12 Familiar theme of suckers’ rally off lows to keep suckers sucked in and window dress another fraudulent quarter at national expense for wall street welfare. 3-26-12 As was so last pre-crash, particularly this election year of desperation, bernanke resorts to his ‘jaw-boning’ (another dog who made news called this ‘baffling them with b***s***’); yet, it’s fraudulent wall street that conditions ‘all’ to believe the easy money / over-printed created Weimar dollars, a clear negative (you’re paying for the wall street welfare; ie, gas, food, etc., prices { Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } rallies those pieces of paper/computer entries via HFT algos programmed to go wild with such talk, making this a great opportunity to sell, take profits while you can, much worse to come! http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , I’ve Never Seen a Confluence of Negative Factors Like This 3-24-12 http://gainspainscapital.com , DAVE FRY IS RIGHT ON THE MONEY HERE! Dave’s Daily: http://www.etfdigest.com BERNANKE IN ABC MODE ON ABC 3-27-12 ‘Sure, it’s one of my favorite movie scenes and I couldn’t resist it. The Fed is in full campaign mode as great as Obama and his GOP rivals. When stock prices seem in doubt the Fed is ready to launch more assurances accommodation (money printing) will be available. Monday’s rally was typical as we head toward the end of the quarter. Hedge fund performance fees are on the line and any way to boost these profits is job one. Top holdings for hedge funds include the usual suspects: AAPL, IBM, INTC, BAC, DIS, HD etc. With little volume it’s easy for algos and hedge funds to prop stocks on little hard news. Tuesday we briefly saw more of this. Just as markets were weakening a story appeared using the Fed’s favorite oracle, the WSJ, as Fed governor Rosengren stated, “more stimulus is on the table”. Immediately HFT algos jumped and markets rose if only briefly.On its face, the Fed wants higher stock prices to boost confidence in the economy. However from a practical view ALL THEY’VE SUCCEEDED IN DOING FROM MY PERSPECTIVE IS DEBASING THE DOLLAR CREATING INFLATION…’ , And 14 of 16 On Dallas Fed Miss 3-26-12 The Dallas Fed Manufacturing Outlook just came with its largest miss of expectations in 9 months - and biggest drop in 7 months.. A 10.8 print vs expectations of 17.0 dropped the index back to its lowest since December and keeps the 'good is good but bad is better' dream alive..’, Don’t be fooled by the money illusion MarketWatch | Rising prices are making some statistics look better than they really are. [ The ‘psychological factor’ has always been a component in the valuation of securities which valuations, good or ill, collectively give rise to the ‘markets’. The mythical part is the presumption of rationality accorded the ‘market-makers’ which, despite their glaring irrationality and propensity for fraud (I’d conservatively say that wall street is comprised predominantly, I’d estimate 90%, of psycho/sociopathic personalities), is still decidedly and pathetically vis-à-vis the rest of the ‘go along to get along’ world, criminally insane wall street. { The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal } It should be obvious by now, particularly with the advent of ubiquitous, lightning fast programmed computerization, that the markets are fraudulently manipulated in a bigger way now than ever; and, not without great cost ultimately to muppets / taxpayers like you, whether in the markets or not.They do it for the money; and, sick as they are, to be screwin’ at least someone all of the time which perversely gives them pleasure! ] This is an especially great opportunity to sell / take profits with stocks floating on air in contraindicated ‘Weimar dollar bubble rally’ as preceded last crash. Suckers’ rally into the close off lows and in shades of the dot com bubble with Apple the fraudulent stock market’s one-trick pony (‘in play’, pricey, big weighting and big bang for the market buck, and compared to what). Competition will ultimately (no real breakthroughs on horizon) take a big bite out of the Apple, which along with price targets is way over valued (currently being manipulated to the upside by the ‘muppet masters’ given the 20% weighting for maximum fraudulent effect). I say this despite liking Apple. They’re loving Apple to death on fraudulent wall street which is a testament to the pathetic state of american and world technology which is horrendous. As my first computer (Apple IIc, 1986) I’m glad they survived but they’re way, way over-valued. Aside from the IPAD (at best and even that’s a stretch, and past history at that), there’s really nothing there, which is a testament to the stupidity of american consumers particularly. Wake up! What total frauds! 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) ZeroHedge.com 3-14-12 ‘Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse.’ Election year temp jobs, trade deficit up, GDP projection down, business inventories miss, manipulations, obfuscations… Dave’s Daily: http://www.etfdigest.com STOCK RALLY FADES WITH CDS ISSUE 3-9-12 [ Dave astutely points out: “Jobless Claims Thursday were weaker than expected (362K vs 351K expected and prior revised higher to 354K). Did you know that prior weekly Jobless Claims data has been revised higher 100% of the time over the past two years? How does that happen this consistently?” – Which I refer to as the ‘data ponzi scheme’ wherein new fake data is used to buoy markets as prior reported fake data is reconciled closer to reality. 3-15-12 Yes, and again, prior week revised up . ] Does China's Forex Policy Beggar Its Neighbors? The Wall Street Journal [ Are you sure the author didn’t mean ‘bugger its neighbors’? Sounds like it; but, it’s really all about cost structures which are far less in China which is the primary reason for China’s export success. Manipulation of currencies is an artifice that the west will ultimately prove does not work at all (all that over-printing / creating of fiat Weimar paper currencies is a time-tested loser).]Rumor planted by fed of QE3 light spurs rally, not the fake, uneconomic jobs estimate from jersey adp for election year spin purposes which only fools believe. How desperate and pathetic! For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. Today’s data looked pretty bad to me, even with the manipulations/spin otherwise, ie., Durable goods orders drop by most in 3 years AP , etc.. Then there was previously the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice [3-12-12: I’ve previously recommended this business report; but, like everything in america, it’s gotten so bad as in the first 30 minutes I calculated approximately 6 minutes of business report and the balance predominantly advertising and some cbs network stuff before I had to turn it off – I might listen again in a year, if at all. Terrible! ]. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail.  Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012?  Unfortunately, it is not doing nearly as well as the mainstream media would have you believe.  Yes, things have stabilized for the moment but this bubble of false hope will not last for long.  The long-term trends that are ripping our economy and our financial system to shreds continue unabated.  When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse.  Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… ,  http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm David Meyer shtfplan.com March 1, 2012 , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November… , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm The unemployment rate in the eurozone is now 10.7 percent.  That is the highest the unemployment rate has been since the introduction of the euro.  The unemployment rate in the eurozone never got any higher than 10.2 percent during the last recession.  This is very troubling news.  It was just recently announced that the eurozone has entered another recession, and already the unemployment rate is hitting new record highs… , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , Guest Post: Cause, Effects & The Fallacy Of A Return To Normalcy Durden 3-6-12, Market Takes First Big Loss Of 2012 As Investors Eye Greek Debt Swap Forbes , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm , Gallup Finds February US Unemployment Jumps Most Since 2010, Third Consecutive Monthly Increase Durden 3-8-12 , Initial Claims Miss Expectations, Rise For Third Consecutive Week For First Time Since August 2010 Durden 3-8-12 , Greece Has Defaulted - Which Country In Europe Is Next? http://albertpeia.com/greecehasdefaultedwhonext.htm , Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money March 12, 2012 By gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .. this exact scenario is playing out from coast to coast and in the years ahead millions of elderly Americans are going to be affected by broken promises and vanishing pensions.. http://albertpeia.com/uspensionscutorvanishing.htm , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed America is losing wealth far faster than any other nation on earth is. http://albertpeia.com/ustransformedfromwealthytopoor.htm , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011 Durden 3-12-12 , Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011... , 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , S&P Says Improbable Any Economic Improvement Would Bring Back AAA US Rating Durden 3-15-12 Sigh: *S&P says that it is impossible that any economic improvement would bring back the AAA rating *US deficit progress is needed. *Outlook remains negative.- And what do stocks do on latest S&P report that America is broke? Why they surge of course.... , The U.S. Economy: Soul Crushing Total System Failure http://albertpeia.com/ustotalsystemfailure.htm , Kass: The Market Is Overvalued at TheStreet By Doug Kass { Yes, this is true; but, he’s still too optimistic in that he doesn’t point out that the election year manipulations / obfuscations will cause things to end far worse than his anticipation. } , An Open Letter to All Presidential Candidates March 19, 2012 By gpc1981 http://albertpeia.com/grahamsummerswarnings.htm , Ben Bernanke Tries To Convince America That The Federal Reserve Is Good And The Gold Standard Is Bad http://albertpeia.com/benbsshalombernankesellsfedpansgoldstandard.htm [ greenspan and now bernanke are incompetent and total failures creating and exacerbating current and prospective conditions for the sake of fraudulent wall street at everyone else’s expense! ] , 10 Signs That America Is On The Verge Of A Horrible Municipal Debt Crisis http://albertpeia.com/americanmunicipaldebtcrisis.htm , Bursting The Permabullish Bubble: 11 Out Of 13 Economic Indicators Have Missed Durden 3-22-12 , Corzine Corzined - Congressional Panel Finds Former MF Global CEO Ordered JPM Fund Transfer Durden 3-23-12 [ ‘Jon S. Corzine, MF Global Holding Ltd.’s chief executive officer, gave “direct instructions” to transfer $200 million from a customer fund account to meet an overdraft in one of the brokerage’s JPMorgan Chase & Co. accounts in London, according to an e-mail sent by a firm executive. Edith O’Brien, a treasurer for the firm, said…’] , TBTF Get TBTFer: Top 5 Banks Hold 95.7%, Or $221 Trillion, Of Outstanding Derivatives Durden 3-26-12 , 10 Reasons Why The Reign Of The Dollar As The World Reserve Currency Is About To Come To An End http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , Dave’s Daily: http://www.etfdigest.com BERNANKE IN ABC MODE ON ABC 3-27-12 ‘Sure, it’s one of my favorite movie scenes and I couldn’t resist it. The Fed is in full campaign mode as great as Obama and his GOP rivals. When stock prices seem in doubt the Fed is ready to launch more assurances accommodation (money printing) will be available. Monday’s rally was typical as we head toward the end of the quarter. Hedge fund performance fees are on the line and any way to boost these profits is job one. Top holdings for hedge funds include the usual suspects: AAPL, IBM, INTC, BAC, DIS, HD etc. With little volume it’s easy for algos and hedge funds to prop stocks on little hard news. Tuesday we briefly saw more of this. Just as markets were weakening a story appeared using the Fed’s favorite oracle, the WSJ, as Fed governor Rosengren stated, “more stimulus is on the table”. Immediately HFT algos jumped and markets rose if only briefly.On its face, the Fed wants higher stock prices to boost confidence in the economy. However from a practical view all they’ve succeeded in doing from my perspective is debasing the dollar creating inflation. The latter will be a problem for the next administration and even the current generation. It’s an all about “now” market in a politically charged year… , Bernanke Claims That The Fed Has Averted A Second Great Depression By Bailing Out The Too Big To Fail Banks http://albertpeia.com/weareinsecondgreatdepression.htm [ To the contrary, because of his policies and particularly the bailouts which facilitated consummation of and even greater frauds, the real economy, the nation, taxpayers will suffer a more severe fate than even that obfuscated by bad policy in this election-year expedience! ‘… When the last financial crisis began, the U.S. national debt was about 10 trillion dollars. Today, it has risen to 15.5 trillion dollars. So Bernanke did not fix anything. The best that can be said is that he kicked the can down the road a little bit and made our long-term financial problems a lot worse at the same time. Bernanke can create money out of thin air and loan it to his friends all he wants, but he is not going to be able to prevent this house of cards from crashing down…’ . He’s as much a fraud and incompetent bozo as ‘his buds who put him there’ for their purpose / benefit. The guy’s a dope http://albertpeia.com/30bunglebenbernankequotes.htm , a fool which fact is lost on no one vis-à-vis the debased Weimar dollar http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , who’s delusional http://albertpeia.com/bunglerbenfedfedsfailure.htm . He’s a total fraud! ] , 20 Signs That We Are Witnessing The Complete Collapse Of Common Sense In America http://albertpeia.com/americasdevolutionintomadness.htm http://albertpeia.com/bobobamathetraitor.htm http://albertpeia.com/45signsamericatinyelitemajoritypoor.htm , A View on Inflation & Keynesian Talking Points : CrownThomas : 03/29/2012 The ponzi will fail, and the economy will reset - the only question is when. http://albertpeia.com/fedponzifails.htm , Charles Hugh Smith On The Phony "Economic Recovery," Stress and "Losing It" Durden 3-30-12, Everything Is Going To Be Alright? http://albertpeia.com/everythingsnotalright.htm , ‘Massive Wealth Destruction’ Is About to Hit Investors: Faber http://albertpeia.com/massivewealthdestructionabouttohit.htm CNBC.com | Runaway government debts have triggered uncontrolled money printing that in turn will lead to inflation.. , The 15 Trillion Dollar Party http://albertpeia.com/bankruptamericadestroyingthefuture.htm { WALL STREET IS SO FRAUDULENTLY BEYOND THE PALE; FOR THERE IS NO QUESTION BUT THAT THEY BELONG IN JAIL! } , RICHARD RUSSELL: A Massive Stock Market Collapse Will Wipe Out 60 Years Of Inflation And Leveraging Business Insider , Graham Summers’ Weekly Market Forecast (Europe on the Verge Edition) 4-2-12 http://albertpeia.com/euontheverge.htm , 27 Statistics About The European Economic Crisis That Are Almost Too Crazy To Believe http://albertpeia.com/27statsofeueconomiccrisis.htm , How Bad Do Things Have to Be For the Fed AND the ECB to Talk of Easing… On the Same DayApril 13, 2012 By gpc1981 http://albertpeia.com/gpcsaysthingsarereallythatbad.htm , 25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm , http://albertpeia.com/debtcrisisdestroysamerica.htm , Chimps Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting Your Money http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm , Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , No Housing Recovery Until 2020 In 5 Simple Charts
http://albertpeia.com/nohousingrecoveryuntil2020in5charts.htm Durden , The Mother Of All Infographics: Visualizing America's Derivatives Universe http://albertpeia.com/usderivatives221trillionof707trillionglobal.htm , Fasten Your Seatbelts: High Frequency Trading Is Coming To The Treasury Market [ http://albertpeia.com/highfrequencytradingcomingtotreasuries.htm , 22 Signs That The Collapsing Spanish Economy Is Heading Into A Great Depression http://albertpeia.com/22signsspainheadingintogreatdepression.htm , The Secrets of the Spanish Banking System That 99% of Analysts Fail to Grasp http://spainbanksystemsecrets.htm , What Do California And Detroit Have In Common? http://albertpeia.com/californiadetroitdeclineincommon.htm

Arpaio Set To Unleash “Shocking” Obama Birth Certificate Revelations

Paul Joseph Watson | “Breathtaking” information will top previous press conference, says lead investigator.

Influential Groups Push For Declaration of Internet Freedom

Steve Watson | A coalition of privacy and freedom advocacy groups has joined forces to push for elected officials to acknowledge the digital rights of all Americans and sign a new Declaration of Internet Freedom.

Olympics Whistleblower Fears For Safety, Reveals Identity

Paul Joseph Watson | “I’m now afraid that I might be in physical danger”.

Missiles, bombs, drones & battleships: London ready for Olympics?

RT | High-tech battleships and missiles are on stand-by to protect London during the upcoming Olympics.

Ron Paul: Audit the Fed, Now or Never

Ron Paul | Ron Paul is America’s leading voice for limited, constitutional government, low taxes, free markets, sound money, and a pro-America foreign policy.

Monsanto’s Cloned Growth Hormone rBST Still Contaminates US Milk

Elizabeth Renter | Breast-feeding mothers are often cautioned against eating and drinking certain things; it’s because some of these things can find their way into their breast milk and then their baby.

DHS Gives UC-Berkeley ‘Armored Personnel Carrier’

Paul Joseph Watson | Heavily armored vehicle “used by U.S. troops on the battlefield”.

The Monopoly Men

Prisonplanet.com | Alex discusses the progressively deteriorating global economy and review evidence that indicates the world is in the grasp of criminal banks.

At the gates: Protesters to converge on White House calling for Fast and Furious justice

Daily Caller | On Monday, protesters are scheduled to gather outside the White House to demand President Barack Obama and Attorney General Eric Holder be held accountable for Operation Fast and Furious.

Obamacare, the Great Swindle

Mike Adams | Now that Obamacare has been ruled a tax by the U.S. Supreme Court, reality is starting to sink in for all those who emotionally supported it.

Iran Threatens to Block Tankers in Response to Oil Import Embargo

Infowars.com | Iran does not divulge how it will stop oil shipments from passing through strategic Strait of Hormuz waterway.

Military Industrial Complex Fights Back Against Growing Opposition to Domestic Surveillance Drones

Kurt Nimmo | Code of ethics released to “accelerate public confidence” in Big Brother’s eye in the sky surveillance system.

Surviving the Summer: Prep and Survival Advice from Author Matthew Stein

Infowars.com | This summer’s extreme weather highlights the need for preparedness advice.

Arpaio Set To Unleash “Shocking” Obama Birth Certificate Revelations

Paul Joseph Watson | “Breathtaking” information will top previous press conference, says lead investigator.

Influential Groups Push For Declaration of Internet Freedom

Steve Watson | A coalition of privacy and freedom advocacy groups has joined forces.

Nationwide Campaign Against Obama’s Dictatorial Power: Phase Two Stop Dictator Obama Contest Entries

Infowars.com | Taking the message exposing Obama’s treason to the streets.

Obama Wants You on Food Stamps

Melissa Melton | The Obama Administration recently spent three million dollars to convince us we will all live healthier lives if we sign up for food stamps.

Olympics Whistleblower Fears For Safety, Reveals Identity

Paul Joseph Watson | “I’m now afraid that I might be in physical danger”.

Kicking The Can Down The Road

http://albertpeia.com/kicksinthecandowntheroad.htm

12 Incredible Obamacare Quotes That Show That Our Wretched Healthcare System Is Headed Directly Into The Toilet

http://albertpeia.com/americanhealthcaretoilet.htm

If One Storm Can Turn D.C. Dark For Several Days, What Would A Massive EMP Burst Do?

http://albertpeia.com/empburst.htm

Sorry Folks, Spain Isn’t “Saved” And The Next Leg Down is Coming Soon

July 3, 2012 By gpc1981 http://albertpeia.com/greeceyspainpain.htm

Chief Justice John Roberts Bowed To Political Pressure And Changed His Vote On Obamacare

http://albertpeia.com/nolegalsystem.htm

DOJ Says It Won't Prosecute DOJ Head Holder How should we say this: we are shocked, shocked, that the DOJ won't prosecute itself. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

Guest Post: It's Time To Connect The Dots This week may very well go down as 'connect the dots' week. When you connect the dots, the next steps lead to what may soon be regarded as an obvious conclusion: the system, as it exists right now, is crumbling. No amount of self-delusion can make this go away. Rational thinking and measured action, on the other hand, can make the consequences go away... turning people from victims into spectators of the greatest bubble burst in modern times.

Europe Will See Deep Depression, Schoenberger Says , The EU Summit: Europe Needs Capital NOT Political Posturing gpc1981 http://albertpeia.com/noeugamechangers.htm , I, Not Robot: Why The Rise Of SkyNet Leads To Automatic Unemployment For The People ZeroHedge.com

Barclays On The Rally: "Fade It", Because The Summit Is "Not A Game-Changer For The EUR"

The EU Summit: Europe Needs Capital NOT Political Posturing

By gpc1981 http://albertpeia.com/noeugamechangers.htm

6-29-12 SECRET WIRETAPS ROCK DOJ...
CLOCK TICKING ON HOLDER...
Republicans vow court action; demand documents...
HISTORIC: House could arrest Attorney General...
SHOCK: Justice Dept. will not prosecute Holder for contempt of Congress... [ Justice Department shields Holder from prosecution after contempt vote FoxNews.com | The Justice Department moved Friday to shield Attorney General Eric Holder from prosecution after the House voted to hold him in contempt of Congress. DOJ Says It Won't Prosecute DOJ Head Holder How should we say this: we are shocked, shocked, that the DOJ won't prosecute itself. BREAKING: DOJ says it won't prosecute Attorney General Holder after the GOP-led House voted to hold him in criminal contempt of Congress – Fox see also, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm House could arrest Holder with inherent contempt power The Washington Times | The thought is shocking, and conjures up a Hollywood-ready standoff scene between House police and the FBI agents. { Eh, what the heck…you can let that go…they’re hoodied blacks, not white like Nixon, etc…; and, be sure to hold on to your wallets, purses everyone ‘cause there’s black folk in the capital! } ]

CHICAGOLAND: 7-Year-Old Girl Gunned Down While Selling Lemonade Outside Home...
MCCONNELL: 'Sold to American people on a deception'...
CURL: Gift to Romney... { This may seem somewhat counterintuitive and a bit of a rationalization; but, it is absolutely true. So true in fact, that wobama will come to be compared to Pyrrhus of Ephyrus (W. Greece) since realization of what this legislation won’t do for americans and the economy and what it actually does will not have the galvanizing effect that striking the bill down would have had on voters who were thinking ‘another free lunch from the government’ will save them (we all now know better, no such thing). Yes, in somewhat European tradition, defacto bankrupt america is keeping up with the (ie., rating agencies Egan) Joneses. After all, we all know how well this European program model is working out for Europe (and any other nation that’s tried it). In the final analysis, this and such programs as the contraindicated bailouts for the unprosecuted frauds on wall street, etc., will prove to be the ‘camel-back breaking’ moment for america; and, a pyrrhic victory for the egregiously failed president wobama. America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … }

HISTORIC: HOUSE VOTES HOLDER IN CONTEMPT...
DEM HOODIED BLACKS PLUS WALK OFF FLOOR...
Pelosi botches name of slain border agent...

Adult Chimpanzee Fatally Mauls Baby Chimp at LA Zoo...

ZIMMERMAN PASSED POLICE LIE DETECTOR...
REPORT...
Syringes litter NYC beach...

ZOMBIE: Man who took synthetic drug strangles dog, starts eating it...

POLL: Obama drops 8 points with whites...
... 13-point plunge among young voters

Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... { Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against sending the DREAM Act to the Senate floor for full consideration. The bill would have created a path to citizenship for many young illegal immigrants brought to the United States as children. Last week, Obama announced plans to stop deporting illegal immigrants who would have qualified for the DREAM Act. The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama desperation hail mary’ that once again falls short. Indeed, as an investor, one analyzes earnings, projects prospective earnings over a 3-5 year horizon, and the quality of the earnings along macro economic factors which are affected by ‘political considerations’. Does anyone remember the honorable Ross Perot who warned of NAFTA’s effect on american jobs even as the democrat administration et als were hell-bent on passing same? Should Romney have breached his legal duty to shareholders and invested in companies with poor earnings prospects? After all, in the financial / security analysis step of projecting the income statement, prospective labor costs figure prominently in the bottomline. In sum, Romney took conditions as he found them, and made the prudent choices which as per his legal duty were optimal for those who put their trust in him. For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. }
Will accept your birthday or anniversary gifts, too...

VIDEO: Obama Trips At Campaign Event In Tampa...

ZOMBIE: Naked man bites off chunk of arm...

PAPER: Obama's grandfather tortured by the British? A fantasy (like most of the President's own memoir)... { http://albertpeia.com/wobamaschoomgangfantasy.htm }

JAILHOUSE CALLS: Zimmerman told wife to buy bulletproof vest...
WAR ZONE: 7 Killed, Dozens Wounded During Obama Visit to Chicago...
More killed this year than in Afghanistan...
Bill Maher: 'The Problem With Racism Is Matt Drudge'... { Oh riiiiight! Drudge is the racist for reporting facts/reality concerning black on every color crime along with black threats. What can you expect from maher who is an null sum embarrassment/disgrace who like the italian scallion had married (and I believe is now divorced from) a black (he like booby deniro need rationalization)? } Here’s some reality for maher who doesn’t mahter:

U.S. Cannibal Updates: Doctors release first photos of Miami cannibal victim...
**WARNING: Extremely graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:

'Zombie Bullets' In High Demand Following Cannibal Attacks...
COPS: Attacker bit off large chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat Cop...
'Growled, opened and closed his jaw'...
Woman bites wig shop owner’s bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby who unlike hoodie trayvon martin killed in self-defense (from niggers) was not a thief and was totally innocent? The tragic outcomes for ignoring the threat of the uncivilized niggers! }

http://albertpeia.com/blackonbrowncrime.htm

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

The reality is that blacks are an insoluble problem wherever they are. That’s not going to ever change; not make-shift/make-work jobs; not programs; not anything tried or to be tried; hence, they must be treated as exactly that – problems – before a solution can be derived and fashioned. ] [ Send the niggers, including niggerbama back to sub-saharan africa! ]

GOP: Ruling will hurt swing-state Dems in November { This may seem somewhat counterintuitive and a bit of a rationalization; but, it is absolutely true. So true in fact, that wobama will come to be compared to Pyrrhus of Ephyrus (W. Greece) since realization of what this legislation won’t do for americans and the economy and what it actually does will not have the galvanizing effect that striking the bill down would have had on voters who were thinking ‘another free lunch from the government’ will save them (we all now know better, no such thing). Yes, in somewhat European tradition, defacto bankrupt america is keeping up with the (ie., rating agencies Egan) Joneses. After all, we all know how well this European program model is working out for Europe (and any other nation that’s tried it). In the final analysis, this and such programs as the contraindicated bailouts for the unprosecuted frauds on wall street, etc., will prove to be the ‘camel-back breaking’ moment for america; and, a pyrrhic victory for the egregiously failed president wobama. America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … } , Jaw-dropping switch saves 'Obamacare' ‘In his White House memoir, “Courage and Consequence,” Karl Rove recalls being the lone non-lawyer among the group of George W. Bush aides who initially interviewed John Roberts for the Supreme Court in 2005. Rove asked Roberts to go back in history to name the justice whom he most revered. Roberts’ answer, Robert Jackson, intrigued and reassured Rove. When appointed in 1941, Jackson was serving as Franklin Roosevelt’s attorney general and had been expected to be a pro-New Deal rubber-stamp on the court…’ { I’d say that, like wobama, Roberts on an attention-starved court of meaningfully lawless rules in a meaningfully lawless nation was just looking for a legacy to hang a hat on! So, while we’re all getting ‘greeked’, let’s get really greecey and immerse ourselves in greek lore and in potus and scotus being the modern day equivalents of scylla and charybdis. } , House holds Attorney General Eric Holder in contempt of Congress , Suckers’ algo rally into the close to keep suckers sucked in for month, quarter, half window dressing (manipulated stock prices, oh my!) - As per Dave (Dave’s Daily: http://www.etfdigest.com )‘… But a late day rally on an old Bloomberg story that Italy and Spain might get some short-term help launched algo buy programs late. Another story from the BBC indicates more of the same—some short-term support for Spain and Italy to buy time. But at the end of the story note how determined Merkel remains. What happened was a 50K block of S&P 500 e-mini futures contracts (or around $3.3B notional equivalent) was enough drive the nominal price index up 1% to close the day-session almost green...’ , 15 Reasons Why The Obamacare Decision Is A Mind Blowing Disaster For America http://albertpeia.com/15reasonsobamacareisadisaster.htm , 17 Reasons To Be EXTREMELY Concerned About The Second Half Of 2012 http://albertpeia.com/17reasonssecondhalfworse.htm http://albertpeia.com/totaleconomiccollapseseptoct.htm

If You Are Basing Your Investment Decisions on This, You Might Want to Rethink Things June 28, 2012 By gpc1981 http://albertpeia.com/hopiumover.htm , Full EU Summit Statement (In All Its Conditional Wishy-Washy Glory) ZeroHedge.com 6-28-12 The early Friday morning release of an entirely conditional 'plan' for a 'plan' that will likely require the ESM contracts to be torn up and a new contract to be re-ratified (by ALL members - including Finland and Germany), due to the stripping of the ESM seniority via the EFSF 'workaround', was high-fived by any and all EU leader still standing. Is it any wonder (given the conditionality and ratifications required) that the best the market could manage, on what is now obviously nothing but yet another watered-down talking-point ridden 'promise-of-more-to-come' plan (as opposed to the impossible becoming possible as Ireland's Kenny so eloquently described it), is a 1% pop in US equity futures

17 Reasons To Be EXTREMELY Concerned About The Second Half Of 2012

http://albertpeia.com/17reasonssecondhalfworse.htm

If You Are Basing Your Investment Decisions on This, You Might Want to Rethink Things June 28, 2012 By gpc1981

http://albertpeia.com/hopiumover.htm

6-28-12 MICHAEL SAVAGE: 'ROBERTS EPILEPSY MEDICATION AFFECTS HIS COGNITION'...
FLASHBACK NYT: Roberts drugs 'can have troubling side effects, mental slowing and forgetfulness'... { Wow! Who woulda thunk it, known it! I certainly didn’t know of roberts’ condition. And, yes, the effects of said drugs are significant, serious as set forth above and over time particularly, debilitating. Roberts should step down, not that the u.s. supreme court is some font of reason, sound judgment, and wisdom, even lawfulness. Indeed, quite the contrary is true. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

SUPREME COURT RULES:
OBAMACARE STANDS...
Mandate survives AS A 'TAX'...
Chief Justice Roberts joins left of the Court...
'It is not our role to forbid it, or pass upon its wisdom or fairness'...
.PDF OF OPINIONS
Dissent: 'We Cannot Rewrite the Statute to Be What It Is Not'...
FLASHBACK: Obama: Mandate is NOT A TAX...
VIDEO...

RUSH LIMBAUGH: 'WE NOW HAVE THE BIGGEST 'TAX' INCREASE IN HISTORY OF THE WORLD'...

21 TAX INCREASES...

Did Justice Roberts change his vote at last minute?
George Will: Conservatives' consolation prize...
Republican governors vow to ignore Obamacare...
HOUSE REPEAL VOTE SET FOR WEEK OF JULY 9...
Speaker Boehner: 'Ruling underscores urgency'...
MCCONNELL: 'Sold to American people on a deception'...
CURL: Gift to Romney... { This may seem somewhat counterintuitive and a bit of a rationalization; but, it is absolutely true. So true in fact, that wobama will come to be compared to Pyrrhus of Ephyrus (W. Greece) since realization of what this legislation won’t do for americans and the economy and what it actually does will not have the galvanizing effect that striking the bill down would have had on voters who were thinking ‘another free lunch from the government’ will save them (we all now know better, no such thing). Yes, in somewhat European tradition, defacto bankrupt america is keeping up with the (ie., rating agencies Egan) Joneses. After all, we all know how well this European program model is working out for Europe (and any other nation that’s tried it). In the final analysis, this and such programs as the contraindicated bailouts for the unprosecuted frauds on wall street, etc., will prove to be the ‘camel-back breaking’ moment for america; and, a pyrrhic victory for the egregiously failed president wobama. America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … }

HISTORIC: HOUSE VOTES HOLDER IN CONTEMPT...
DEM HOODIED BLACKS PLUS WALK OFF FLOOR...
Pelosi botches name of slain border agent...

Adult Chimpanzee Fatally Mauls Baby Chimp at LA Zoo...

ZIMMERMAN PASSED POLICE LIE DETECTOR...
REPORT...
Syringes litter NYC beach...

ZOMBIE: Man who took synthetic drug strangles dog, starts eating it...

POLL: Obama drops 8 points with whites...
... 13-point plunge among young voters

Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... { Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against sending the DREAM Act to the Senate floor for full consideration. The bill would have created a path to citizenship for many young illegal immigrants brought to the United States as children. Last week, Obama announced plans to stop deporting illegal immigrants who would have qualified for the DREAM Act. The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama desperation hail mary’ that once again falls short. Indeed, as an investor, one analyzes earnings, projects prospective earnings over a 3-5 year horizon, and the quality of the earnings along macro economic factors which are affected by ‘political considerations’. Does anyone remember the honorable Ross Perot who warned of NAFTA’s effect on american jobs even as the democrat administration et als were hell-bent on passing same? Should Romney have breached his legal duty to shareholders and invested in companies with poor earnings prospects? After all, in the financial / security analysis step of projecting the income statement, prospective labor costs figure prominently in the bottomline. In sum, Romney took conditions as he found them, and made the prudent choices which as per his legal duty were optimal for those who put their trust in him. For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. }
Will accept your birthday or anniversary gifts, too...

VIDEO: Obama Trips At Campaign Event In Tampa...

ZOMBIE: Naked man bites off chunk of arm...

PAPER: Obama's grandfather tortured by the British? A fantasy (like most of the President's own memoir)... { http://albertpeia.com/wobamaschoomgangfantasy.htm }

JAILHOUSE CALLS: Zimmerman told wife to buy bulletproof vest...
WAR ZONE: 7 Killed, Dozens Wounded During Obama Visit to Chicago...
More killed this year than in Afghanistan...
Bill Maher: 'The Problem With Racism Is Matt Drudge'... { Oh riiiiight! Drudge is the racist for reporting facts/reality concerning black on every color crime along with black threats. What can you expect from maher who is an null sum embarrassment/disgrace who like the italian scallion had married (and I believe is now divorced from) a black (he like booby deniro need rationalization)? } Here’s some reality for maher who doesn’t mahter:

U.S. Cannibal Updates: Doctors release first photos of Miami cannibal victim...
**WARNING: Extremely graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:

'Zombie Bullets' In High Demand Following Cannibal Attacks...
COPS: Attacker bit off large chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat Cop...
'Growled, opened and closed his jaw'...
Woman bites wig shop owner’s bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby who unlike hoodie trayvon martin killed in self-defense (from niggers) was not a thief and was totally innocent? The tragic outcomes for ignoring the threat of the uncivilized niggers! }

http://albertpeia.com/blackonbrowncrime.htm

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

Watching the Clock: Total Economic Collapse Occur in September – October SGT | Everyone is wondering when the big day will finally hit, and the clues may be hidden in plain sight. http://albertpeia.com/totaleconomiccollapseseptoct.htm

Where Does Money Come From? The Giant Federal Reserve Scam That Most Americans Do Not Understand http://albertpeia.com/federalreservescam.htm , The EU Has Already Broken Up… They Just Haven’t Formalized Yet http://albertpeia.com/eualreadybrokenup.htm , Dave’s Daily: http://www.etfdigest.com 6-27-12 ‘There’s plenty of tension around with ObamaCare up for a SCOTUS decision and more deadlines for the eurozone Friday or over the weekend. Economic data in the U.S. was pleasing to bulls as Durable Goods Orders climbed (1.9% vs .4% expected & prior .2%) and ex-Transportation missed (.4% vs .8% expected & prior -.6%). The better number came from Pending Home Sales (5.9% vs .1.2% expected & prior -5.5%)…“Germany is not the cause of problems in the euro area.” Also, Merkel has repeated her negative view of euro bonds as noted…’

U.S. Border Patrol Agents Are Being Trained To Run Away And Hide If Someone Starts Shooting

http://endoftheamericandream.com

http://albertpeia.com/runandhideplan.htm

Where Does Money Come From? The Giant Federal Reserve Scam That Most Americans Do Not Understand

http://theeconomiccollapseblog.com

http://albertpeia.com/federalreservescam.htm

The EU Has Already Broken Up… They Just Haven’t Formalized Yet

June 27, 2012 By gpc1981 http://albertpeia.com/eualreadybrokenup.htm

America On Fire: Why Is The Number Of Wildfires In The United States Increasing?

http://theeconomiccollapseblog.com

http://albertpeia.com/americaonfire.htm

6-27-12 Contempt vote on Holder will proceed...
...last-minute talks fail
Black lawmakers plot 'walkout strategy' during vote...

28.9% unemployment rate in Yuma, AZ...

Merkel dismisses Spain, Italy pleas for aid...

'EPIC' WILDFIRE RAGES IN COLORADO...
300+ Homes Burned...
Obama Shrunk Aerial Firefighting Fleet...

Adult Chimpanzee Fatally Mauls Baby Chimp at LA Zoo...

ZIMMERMAN PASSED POLICE LIE DETECTOR...
REPORT...
Syringes litter NYC beach...

ZOMBIE: Man who took synthetic drug strangles dog, starts eating it...

POLL: Obama drops 8 points with whites...
... 13-point plunge among young voters

Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... { Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against sending the DREAM Act to the Senate floor for full consideration. The bill would have created a path to citizenship for many young illegal immigrants brought to the United States as children. Last week, Obama announced plans to stop deporting illegal immigrants who would have qualified for the DREAM Act. The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama desperation hail mary’ that once again falls short. Indeed, as an investor, one analyzes earnings, projects prospective earnings over a 3-5 year horizon, and the quality of the earnings along macro economic factors which are affected by ‘political considerations’. Does anyone remember the honorable Ross Perot who warned of NAFTA’s effect on american jobs even as the democrat administration et als were hell-bent on passing same? Should Romney have breached his legal duty to shareholders and invested in companies with poor earnings prospects? After all, in the financial / security analysis step of projecting the income statement, prospective labor costs figure prominently in the bottomline. In sum, Romney took conditions as he found them, and made the prudent choices which as per his legal duty were optimal for those who put their trust in him. For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. }
Will accept your birthday or anniversary gifts, too...

VIDEO: Obama Trips At Campaign Event In Tampa...

ZOMBIE: Naked man bites off chunk of arm...

PAPER: Obama's grandfather tortured by the British? A fantasy (like most of the President's own memoir)... { http://albertpeia.com/wobamaschoomgangfantasy.htm }

JAILHOUSE CALLS: Zimmerman told wife to buy bulletproof vest...
WAR ZONE: 7 Killed, Dozens Wounded During Obama Visit to Chicago...
More killed this year than in Afghanistan...
Bill Maher: 'The Problem With Racism Is Matt Drudge'... { Oh riiiiight! Drudge is the racist for reporting facts/reality concerning black on every color crime along with black threats. What can you expect from maher who is an null sum embarrassment/disgrace who like the italian scallion had married (and I believe is now divorced from) a black (he like booby deniro need rationalization)? } Here’s some reality for maher who doesn’t mahter:

U.S. Cannibal Updates: Doctors release first photos of Miami cannibal victim...
**WARNING: Extremely graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:

'Zombie Bullets' In High Demand Following Cannibal Attacks...
COPS: Attacker bit off large chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat Cop...
'Growled, opened and closed his jaw'...
Woman bites wig shop owner’s bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby who unlike hoodie trayvon martin killed in self-defense (from niggers) was not a thief and was totally innocent? The tragic outcomes for ignoring the threat of the uncivilized niggers! }

http://albertpeia.com/blackonbrowncrime.htm

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

22 Statistics That Prove That The American Dream Is Being Systematically Destroyed The following are 22 statistics that prove that the American Dream is being systematically destroyed.... http://albertpeia.com/americandreamdestroyed.htm , Biden: Romney is a job creator -- overseas { The effects of having part of your brain removed, indeed. It is noteworthy that ‘Lobotomy Joe’ biden voted for NAFTA which produced that ‘sucking sound’ forebodingly described by the honorable Ross Perot; viz., of jobs leaving the u.s. as a direct consequence thereof.

Ray Dalio: Don't Assume That Germany Will Bail Europe Out; Consider The "Fat Tail" A Significant Possibility ZeroHedge.com Tyler Durden , Egan Jones Downgrades Germany From AA- To A+ , "Bankruptcy Only Choice Left" As Stockton Set To Become Largest US City Chapter 9 , As The ECB's Balance Sheet Hits A New Record High, Fair EURUSD Value Is 900 Pips Lower , Charting How Everything Changed In 2008 , Peripheral Sovereign Yields Spike On Spain 'Junk' Rumors , Italy's Unelected PM Mario Monti: "Eurobonds, Or I Resign" , Merkel Says No European Shared Liability As Long As She Lives , Deutsche Bank Hides The Hopium: "The Next Recession Should Start By The End Of August" , Richmond Fed Plunges; Consumers Underconfident For The Fourth Month In A Row , Art Cashin Warns: "Beware The Ides Of September"

Guest Post: Liquidation Is Vital In light of the zombification that now exists in Japan and also America (and coming soon to every single QE and bailout-heavy Western economy) — zombie companies, poorly managed, making all the same mistakes as before, rudderless, and yet still in business thanks to government intervention  — it is clear that the liquidationists grasped something that Keynesians are still missing. Markets are largely no longer trading fundamentals; they are just trading state intervention and money printing.

22 Statistics That Prove That The American Dream Is Being Systematically Destroyed

http://albertpeia.com/americandreamdestroyed.htm

Drudgereport: 6-26-12 ZIMMERMAN PASSED POLICE LIE DETECTOR...
REPORT...

Stockton, CA braces for bankruptcy...

HOLDER: 'It's Going to Get Really Busy on Thursday, Apparently'...
Hoyer: Some Dems Will Vote For Contempt...

Brewer: White House tells Arizona to 'drop dead'...

MO Dem Sen to Skip Party's Convention...
FLASHBACK: Obama's 'most reliable surrogate' in 2008...
ANOTHER: GA Dem. Rep. to Skip Convention...

PENTAGON HOLDS FIRST GAY PRIDE EVENT...

ANOTHER ONE: Cruise Ship Steward Sues Travolta...

ZIMMERMAN PASSED POLICE LIE DETECTOR...
REPORT...
Syringes litter NYC beach...

ZOMBIE: Man who took synthetic drug strangles dog, starts eating it...

POLL: Obama drops 8 points with whites...
... 13-point plunge among young voters

Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... { Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against sending the DREAM Act to the Senate floor for full consideration. The bill would have created a path to citizenship for many young illegal immigrants brought to the United States as children. Last week, Obama announced plans to stop deporting illegal immigrants who would have qualified for the DREAM Act. The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama desperation hail mary’ that once again falls short. Indeed, as an investor, one analyzes earnings, projects prospective earnings over a 3-5 year horizon, and the quality of the earnings along macro economic factors which are affected by ‘political considerations’. Does anyone remember the honorable Ross Perot who warned of NAFTA’s effect on american jobs even as the democrat administration et als were hell-bent on passing same? Should Romney have breached his legal duty to shareholders and invested in companies with poor earnings prospects? After all, in the financial / security analysis step of projecting the income statement, prospective labor costs figure prominently in the bottomline. In sum, Romney took conditions as he found them, and made the prudent choices which as per his legal duty were optimal for those who put their trust in him. For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. }
Will accept your birthday or anniversary gifts, too...

VIDEO: Obama Trips At Campaign Event In Tampa...

ZOMBIE: Naked man bites off chunk of arm...

PAPER: Obama's grandfather tortured by the British? A fantasy (like most of the President's own memoir)... { http://albertpeia.com/wobamaschoomgangfantasy.htm }

Forget the PIIGS, Europe As a Whole Is Insolvent June 25, 2012 By gpc1981 http://albertpeia.com/europeinsolvent.htm

Too Much Debt: Our Biggest Economic Problem http://albertpeia.com/toomuchdebt.htm , The Obamacare Outcome Matrix ZeroHedge.com Tyler Durden 6-25-12

Forget the PIIGS, Europe As a Whole Is Insolvent

June 25, 2012 By gpc1981

http://albertpeia.com/europeinsolvent.htm

Europe is heading into a full-scale disaster.

You see, the debt problems in Europe are not simply related to Greece. They are SYSTEMIC. The below chart shows the official Debt to GDP ratios for the major players in Europe.

Too Much Debt: Our Biggest Economic Problem

http://albertpeia.com/toomuchdebt.htm

Drudgereport: 6-25-12 BOOK: Obama Team Squandered Chance For 'Peace' in Afghanistan...

GALLUP: 44% Can't Name Obama's Religion?

BAM: SUPREME COURT TO RULE OBAMACARE ON THURSDAY...
BOOM: HOUSE VOTE HOLDER CONTEMPT ON THURSDAY...

SHERIFF JOE: 'I'M NOT STOPPING ANYTHING'

Stockton, CA faces midnight deadline to avert bankruptcy...

Obama Booed At Boston Fundraiser After Mocking Red Sox Trade...

BREWER: 'Assault' on AZ continues...
Romney: States have right to secure their borders...
Scalia warns of 'evil effects of illegal immigration'...

Putin to Israel: Don't rush to strike Iran...
'Look at what happened to Americans in Iraq and Afghanistan'...

Jimmy Carter Accuses USA of 'Widespread Abuse of Human Rights'...

U of Chicago Prof wants to shelve Obama library idea...

POLL: Obama drops 8 points with whites...
... 13-point plunge among young voters

Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... { Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against sending the DREAM Act to the Senate floor for full consideration. The bill would have created a path to citizenship for many young illegal immigrants brought to the United States as children. Last week, Obama announced plans to stop deporting illegal immigrants who would have qualified for the DREAM Act. The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama desperation hail mary’ that once again falls short. Indeed, as an investor, one analyzes earnings, projects prospective earnings over a 3-5 year horizon, and the quality of the earnings along macro economic factors which are affected by ‘political considerations’. Does anyone remember the honorable Ross Perot who warned of NAFTA’s effect on american jobs even as the democrat administration et als were hell-bent on passing same? Should Romney have breached his legal duty to shareholders and invested in companies with poor earnings prospects? After all, in the financial / security analysis step of projecting the income statement, prospective labor costs figure prominently in the bottomline. In sum, Romney took conditions as he found them, and made the prudent choices which as per his legal duty were optimal for those who put their trust in him. For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. }
Will accept your birthday or anniversary gifts, too...

VIDEO: Obama Trips At Campaign Event In Tampa...

ZOMBIE: Naked man bites off chunk of arm...

PAPER: Obama's grandfather tortured by the British? A fantasy (like most of the President's own memoir)... { http://albertpeia.com/wobamaschoomgangfantasy.htm }

JAILHOUSE CALLS: Zimmerman told wife to buy bulletproof vest...
WAR ZONE: 7 Killed, Dozens Wounded During Obama Visit to Chicago...
More killed this year than in Afghanistan...
Bill Maher: 'The Problem With Racism Is Matt Drudge'... { Oh riiiiight! Drudge is the racist for reporting facts/reality concerning black on every color crime along with black threats. What can you expect from maher who is an null sum embarrassment/disgrace who like the italian scallion had married (and I believe is now divorced from) a black (he like booby deniro need rationalization)? } Here’s some reality for maher who doesn’t mahter:

U.S. Cannibal Updates: Doctors release first photos of Miami cannibal victim...
**WARNING: Extremely graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:

'Zombie Bullets' In High Demand Following Cannibal Attacks...
COPS: Attacker bit off large chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat Cop...
'Growled, opened and closed his jaw'...
Woman bites wig shop owner’s bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby who unlike hoodie trayvon martin killed in self-defense (from niggers) was not a thief and was totally innocent? The tragic outcomes for ignoring the threat of the uncivilized niggers! }

http://albertpeia.com/blackonbrowncrime.htm

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

Dave’s Daily: http://www.etfdigest.com http://etfdigest.com/commentary.html BANKS RALLY ON DOWNGRADES 6-22-12 ‘It would appear the rating agencies are either “leading from behind” or just don’t have much respect these days after they botched the mortgage crisis’ { As an aside, I thought Rodney Dangerfield was absolutely hilarious in that great comedy classic, ‘Caddyshack’ and I’m glad Dave used his image here http://albertpeia.com/dangerfieldindeed.jpg }. ‘The 15 bank downgrades by Moody’s Thursday evening didn’t seem to bother anyone. Of course it’s quite odd that Buffett’s Berkshire Hathaway (BRK/A) has large stakes in Moody’s and banks being downgraded. Could there be a conflict there? Does Buffett have influence? Surely you jest sir! Long story short—bank stocks rallied Friday… downgrades to certain levels necessitate by agreement dreaded margin calls…’ , Eric Sprott Presents The Ministry of [Un]Truth ZeroHedge.co Tyler Durden 6-22-12 We have no doubt that everyone is tired of bad news, but we are compelled to review the facts: Europe is currently experiencing severe bank runs, budgets in virtually every western country on the planet are out of control, the banking system is running excessive leverage and risk, the costs of servicing the ever-increasing amounts of government debt are rising rapidly, and the economies of Europe, Asia and the United States are slowing down or are in full contraction. There's no sugar coating it and we have to stop listening to politicians and central planners who continue to downplay, obfuscate and flat out lie about the current economic reality. Stop listening to them

Escalation: Syria Says Turkish Jet Shot Down Was Over Syrian Territorial Waters ZeroHedge.com The "Syrianna" story from this afternoon, which many were quick to label as merely a lot of diplomatic hot air and rhetoric, just turned uglier, after Syria not only did not officially apologize as Turkey PM Erdogan implied had happened previously for the shot down Turkish F-4 fighter jet, but instead turned the tables on Turkey, and gave itself an out for what is now a definitive military action. From Reuters:The Syrian military said it shot down a Turkish military aircraft "over Syrian territorial waters" on Friday.

The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap When the US Dollar is ultimately dethroned as the world's reserve currency (and finally gets rid of all those ridiculous three letter post-Keynesian economic "theories") nobody will have seen it coming. Well, nobody except for the following headlines: ""World's Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In Direct Currency Trade", "China, Russia Drop Dollar In Bilateral Trade", "China And Iran To Bypass Dollar, Plan Oil Barter System", "India and Japan sign new $15bn currency swap agreement", "Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says", "India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees." And while the expansion of the "dollar exclusion zone" was actually quite glaring to anyone who dared to look, one thing was obvious: it was confined to Asia. No more courtesy of the following FT headline: "Brazil and China agree currency swap." More: "Brazil has provided a vote of confidence in China’s efforts to promote the renminbi as a reserve currency by becoming the biggest economy yet to agree a swap deal with Beijing. Brazil and China announced the R$60bn (US$29bn) local currency swap after a bilateral meeting between Wen Jiabao, the Chinese premier, and Dilma Rousseff, Brazil’s president, on the sidelines of the Rio+20 environmental summit in Rio de Janeiro."

WHERE IS THE BROAD-BASED NATIONWIDE, WORLDWIDE COVERAGE THIS FRAUD OF THE CENTURY DESERVES? This is serious business; viz., that wobama’s total b***s*** and an utter fraud! Are people too embarrassed to admit they’ve been hoodwinked by this total fraud, conman, grifter? This is so egregious that pathological is not nearly sufficient to describe what more aptly is nothing short of borderline if not outright criminal.

Video: Obama biographer analyzes the president

(CNN) - David Maraniss, who wrote the recently published Barack Obama biography, "Barack Obama: The Story," on Wednesday characterized ...

New Book Raises Questions About Obama's Memoir

New York Times (blog) - by Michael Shear

PAPER: Obama's grandfather tortured by the British? A fantasy (like most of the President's own memoir)... By Toby Harnden PUBLISHED: 17:15 EST, 19 June 2012 | UPDATED: 17:25 EST, 19 June 2012 { http://albertpeia.com/wobamaschoomgangfantasy.htm }

‘A new biography of Barack Obama has established that his grandfather was not, as is related in the President’s own memoir, detained by the British in Kenya and found that claims that he was tortured were a fabrication.

'Barack Obama: The Story' by David Maraniss catalogues dozens of instances in which Obama deviated significantly from the truth in his book 'Dreams from My Father: A Story of Race and Inheritance'. The 641-page book punctures the carefully-crafted narrative of Obama’s life…’

19 Reasons Why It Is Time To Start Freaking Out About The Global Economy http://albertpeia.com/19reasonstofreakoutaboutglobaleconomy.htm ‘Yes, it is officially time to start freaking out about the global economy.  The European financial system is falling apart and it is going to go down hard.  If Europe was going to be saved it would have happened by now.  The big money insiders have already pulled their funds from vulnerable positions and they are ready to ride the coming chaos out.   Over the next few months the slow motion train wreck currently unfolding in Europe will continue to play out and things will likely really start really heating up in the fall once summer vacations are over.  Most Americans greatly underestimate how much Europe can affect the global economy.  Europe actually has a larger population than the US.  Europe also has a significantly larger economy and a much larger banking system… Moreover, before Obama there had never been a deficit anywhere near $1 trillion.  The highest previously was $458 billion, or less than half a trillion, in 2008. The federal deficit for the last budget adopted by a Republican controlled Congress was $161 billion for fiscal year 2007.  But the budget deficits for Obama’s four years were reported in Obama’s own 2013 budget as $1.413 trillion for 2009, $1.293 trillion for 2010, $1.3 trillion for 2011, and $1.327 trillion for 2012, four years in a row of deficits of $1.3 trillion or more, the highest in world history. #19 Barack Obama almost seems more focused on his golf game than on the problems the global economy is having.  He just finished up playing his 100th round of golf since he became president. (Don’t forget as well, wobama’s record 150 fundraisers plus heavily vacationed tenure leaves little time to accomplish anything; and, he hasn’t!) , The Mancession: 16 Signs That This Economic Decline Is Sucking The Life Out Of The American Male http://albertpeia.com/16signseconomicdeclinesuckinglifeoutofamericanmale.htm

Drudgereport: 6-22-12 POLL: Obama drops 8 points with whites...
... 13-point plunge among young voters

Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... { Wobama is so pathetic! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against sending the DREAM Act to the Senate floor for full consideration. The bill would have created a path to citizenship for many young illegal immigrants brought to the United States as children. Last week, Obama announced plans to stop deporting illegal immigrants who would have qualified for the DREAM Act. The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama desperation hail mary’ that once again falls short. Indeed, as an investor, one analyzes earnings, projects prospective earnings over a 3-5 year horizon, and the quality of the earnings along macro economic factors which are affected by ‘political considerations’. Does anyone remember the honorable Ross Perot who warned of NAFTA’s effect on american jobs even as the democrat administration et als were hell-bent on passing same? Should Romney have breached his legal duty to shareholders and invested in companies with poor earnings prospects? After all, in the financial / security analysis step of projecting the income statement, prospective labor costs figure prominently in the bottomline. In sum, Romney took conditions as he found them, and made the prudent choices which as per his legal duty were optimal for those who put their trust in him. For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. }
Will accept your birthday or anniversary gifts, too...

VIDEO: Obama Trips At Campaign Event In Tampa...

GREEKS KICKED OUT OF EURO!
EU Battle Spills Off Soccer Field...
Merkel heckled...
New Greek finance minister hospitalized after fainting...
Support growing for return of Deutschmark...

AMERICAN NIGHTMARE: SANDUSKY CONVICTED ON 45 COUNTS OF CHILD SEX ABUSE...
BAIL REVOKED... { Sweet sandy, the ‘frolicking funloving manchild’ (defense version), will have plenty of time for cornholin’ except, who’d let him and who’d want him. }

ZOMBIE: Naked man bites off chunk of arm...

PAPER: Obama's grandfather tortured by the British? A fantasy (like most of the President's own memoir)... { http://albertpeia.com/wobamaschoomgangfantasy.htm }

JAILHOUSE CALLS: Zimmerman told wife to buy bulletproof vest...
WAR ZONE: 7 Killed, Dozens Wounded During Obama Visit to Chicago...
More killed this year than in Afghanistan...
Bill Maher: 'The Problem With Racism Is Matt Drudge'... { Oh riiiiight! Drudge is the racist for reporting facts/reality concerning black on every color crime along with black threats. What can you expect from maher who is an null sum embarrassment/disgrace who like the italian scallion had married (and I believe is now divorced from) a black (he like booby deniro need rationalization)? } Here’s some reality for maher who doesn’t mahter:

U.S. Cannibal Updates: Doctors release first photos of Miami cannibal victim...
**WARNING: Extremely graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:

'Zombie Bullets' In High Demand Following Cannibal Attacks...
COPS: Attacker bit off large chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat Cop...
'Growled, opened and closed his jaw'...
Woman bites wig shop owner’s bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby who unlike hoodie trayvon martin killed in self-defense (from niggers) was not a thief and was totally innocent? The tragic outcomes for ignoring the threat of the uncivilized niggers! }

http://albertpeia.com/blackonbrowncrime.htm

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

Dave’s Daily: http://www.etfdigest.com http://etfdigest.com/commentary.html ‘As readers know I’ve been on the “down low” waiting for the Greek elections and FOMC statement. This, and staying liquid, proved the right move for now. After all, as someone famously said, “tomorrow’s another day.”Markets started the trading day inundated by a litany of crummy economic data. Jobless Claims (387K vs 383K expected & prior revised higher as per normal to 389K) made for a mild headline beat but overall the trend is worsening. The “flash” (why do we need one?) PMI estimate came in cold (52.9 vs 53.8 expected & prior 53.9); Bloomberg Consumer Comfort Index fell again (-37.9 vs -36.8 previous); Existing Home Sales were poor dropping 1.4% (4.55M vs 4.62M prior) or housing market not “fixed”; if that weren’t enough, the important Philly Fed Survey imploded (-16.6 vs .5 expected & prior -5.8). Put these together and Operation Twist seems pathetically inadequate requiring perhaps another Fed meeting adjustment which would be seen by many as more politically motivated. Let’s face it; Bernanke & Co have gotten things wrong. The administration and congress haven’t been helpful either.Goldman Sachs (GS), and no doubt prepositioned, issued a short S&P 500 call…

Propaganda, Lies, And War ZeroHedge.com Tyler Durden 6-21-12 Despite already being engaged in drone wars in Pakistan, Somalia, Yemen, and still occupying Afghanistan, the U.S. is being duped into yet another war based on shaky evidence and at the behest of deep-pocketed special interests.  This is coming even while a secretive cyber war already being waged to damage Iran’s nuclear capability.  According to the Pentagon, “computer sabotage coming from another country can constitute an act of war.”  Not only that, but the draconian sanctions thus far placed on Iran are doing enormous harm to the citizens who hardly have a say in what their government does.  The Belgium-based SWIFT payment system that facilitates most international payments has already denied service to many Iranian banks.  With the imposing of an oil embargo from the European Union just around the corner (July 1^st) that will all but make it impossible for oil tankers to be insured by Lloyd’s of London, an actual naval blockade is being floated by U.S. lawmakers.  Much like the Antebellum South and Japan, Iran too is being pushed into a corner.... Then and now, wealthy special interests are a driving force behind American imperialism.  Lies will be spun till they are seen as facts.  When the truth comes out, the irreparable damage will already be done.  Like anything the state lays its filthy hands on, war is a racket.  The beneficiaries of the ruling class’s gleeful foray into mass murder are few in number.  The masses, still brainwashed into feverish nationalism, end up paying the costs with their pilfered income, eroded liberty, and, ultimately, their own lives.

“You Can Lose Freedom Only Once” Posted by : testosteronepit Post date: 06/21/2012 - Swiss Minister of Defense speaks up while Merkel joins the Axis of Evil , Ponzi Comes Full Circle: ECB Will Rate Sovereign Bonds It Accepts As Collateral , Initial Claims Miss For 7th Week In A Row, "Improve" From Last Week's Bogus Revised Number And so the gaming continues: Initial Claims miss expectations of a 383K print, coming at 387K, a number which next week will be revised to 390K. This is the 7th miss in a row, and 23rd miss of the past 26 weeks. It is also the highest 4 week average since December. But the mainstream media has its soundbite: "initial claims decline by 2,000" because, lo and behold, last week's 386K print was revised to 389K. We have discussed this topic to death: little to add here. The ceremonial scripting by the BLS continues full bore. The only real data point in today's release: those collecting extended claims continue to hit the 99-week cliff, as 42K more drop off Komrade Samov's free lunch dole. Finally, judging by the somewhat muted positive market response to this latest piece of horrible economic news, the data was bad but not bad enough: we need a 400K+ print for the ES to get back to 1,400 it appears.

Data Mining: Big Corporations Are Gathering Every Shred Of Information About You That They Can And Selling It For Profit http://albertpeia.com/datamining.htm , 120 Powerful Pieces Of Advice For Preppers http://albertpeia.com/adviceforpreppers.htm

Was BlackRock's Permabull Bob Doll Fired For Stealing Financial Models?

Germany Could Pull Out of the Euro Before Spain is Even “Saved”

June 21, 2012 By gpc1981 http://albertpeia.com/germanypullout.htm

As I’ve ( Graham Summers ) assessed in earlier pieces, neither the Fed, nor the IMF, nor the EFSF, nor the ECB has the firepower or the political backing to prop up Spain or the EU.

This ultimately leaves the ESM, the permanent European Stability Mechanism… which technically doesn’t even exist yet (it’s supposed to be ratified by July 2012).

That’s right… the bailout fund which is meant to SAVE Europe doesn’t even exist yet. And it’s not clear that it will anytime soon either…

Indeed, in order for the ESM to be ratified it needs the individual EU member states that will contribute 90% of its capitalization to first ratify it on an individual basis.

Here’s the list of countries that represent that 90% of capital as well as the status of their individual ratifications and the percentage of funding they are to provide.

Country	Ratified?	Percentage of Capital
Germany	NO	27%
France	YES	20%
Italy	NO	18%
Spain	NO	12%
Netherlands	YES	6%
Belgium	NO	3%
Greece	YES	3%
Austria	NO	3%
Portugal	NO	2%
Finland	NO	2%
Ireland	NO	1%
Slovakia	NO	0.8%
Slovenia	YES	0.5%
Luxembourg	NO	0.2%
Cyprus	NO	0.1%
Estonia	NO	0.1%
Malta	NO	0.07%

To summate the above chart succinctly… only four of the required 17 countries have even ratified the ESM (it’s supposed to be completely ratified in July 2012).

Moreover, you’ll note that the PIIGS as a whole are meant to contribute 36% of the ESM’s FUNDING!!!! Spain and Italy alone are meant to contribute 30%!!!!

So… Spain is supposedly going to be bailed out by an entitythat doesn’t even exist yet… for which Spain is mean to contribute 12% of the funding. And to top it off… Spain hasn’t even ratified the fund itself!!!

More importantly, neither has Germany. And it’s not clear that it will either.

Data Mining: Big Corporations Are Gathering Every Shred Of Information About You That They Can And Selling It For Profit

http://albertpeia.com/datamining.htm

6-21-12 GALLUP: OBAMA FALLS TO 43%...

Housing market hits 15-year low...

MOODY'S DOWNGRADES THE BANKS

Unlike 2,000-Death Count in Iraq, ABCNBCPBSMSNBC Skip 2,000 Marker in Afghanistan...

Retiring Dem: 'The People Have Gotten Dumber'...
Sandusky's son says his father abused him...
Judge Bars Media From Reporting Verdict Until Court Is Adjourned...

Italian PM: We have a week to save eurozone...
Starving Greeks line up by the thousands for food handouts...

ZOMBIE: Naked man bites off chunk of arm...

PAPER: Obama's grandfather tortured by the British? A fantasy (like most of the President's own memoir)... { http://albertpeia.com/wobamaschoomgangfantasy.htm }

JAILHOUSE CALLS: Zimmerman told wife to buy bulletproof vest...
WAR ZONE: 7 Killed, Dozens Wounded During Obama Visit to Chicago...
More killed this year than in Afghanistan...
Bill Maher: 'The Problem With Racism Is Matt Drudge'... { Oh riiiiight! Drudge is the racist for reporting facts/reality concerning black on every color crime along with black threats. What can you expect from maher who is an null sum embarrassment/disgrace who like the italian scallion had married (and I believe is now divorced from) a black (he like booby deniro need rationalization)? } Here’s some reality for maher who doesn’t mahter:

U.S. Cannibal Updates: Doctors release first photos of Miami cannibal victim...
**WARNING: Extremely graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:

'Zombie Bullets' In High Demand Following Cannibal Attacks...
COPS: Attacker bit off large chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat Cop...
'Growled, opened and closed his jaw'...
Woman bites wig shop owner’s bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby who unlike hoodie trayvon martin killed in self-defense (from niggers) was not a thief and was totally innocent? The tragic outcomes for ignoring the threat of the uncivilized niggers! }

http://albertpeia.com/blackonbrowncrime.htm

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

CANNIBAL UPDATES: CRUISED MIAMI IN 2010?

AMERICA’S FAILED ECONOMIC APPROACH IN A NUTSHELL (image courtesy of Dave Fry http://etfdigest.com ) : http://albertpeia.com/insanity.jpg Well done, Dave! , Will Toledo, Ohio Be The First Major American City To Be Owned By China? http://albertpeia.com/holytoledo.htm

What Is Executive Privilege? There has been much talk today about Obama's use of the "executive privilege" yet few are familiar with the details of this relatively unknown presidential option. The AP sheds much needed light on this practice: perhaps the most fitting, to the constitutional expert president, is that the "privilege" isn't in the Constitution nor has been clearly defined by the courts. In other words - just the kind of loophole that one needs to mask the fact that the very person tasked with imposing justice is himself guilty of performing just the opposite. Yet Obama has only used it once (so far) during his tenure as president. Dubya used it six times, Bush Sr used it once also. Slick Willie however takes the cake with 14 cases of executive privilege during his 8 years..’ , Guest Post: Abandoning Ship - The Eurozone Is Failing At An Accelerating Rate , Faster And Furiouser: Darrell Issa Strikes Back, Holds Eric Holder In Contempt , Spain is Now Facing a Banking Crisis and a Sovereign Crisis at the Same Time June 20, 2012 By gpc1981 http://albertpeia.com/eugameover.htm

Will Toledo, Ohio Be The First Major American City To Be Owned By China?

http://albertpeia.com/holytoledo.htm

Spain is Now Facing a Banking Crisis and a Sovereign Crisis at the Same Time June 20, 2012 By gpc1981 http://albertpeia.com/eugameover.htm

WHERE IS THE BROAD-BASED NATIONWIDE, WORLDWIDE COVERAGE THIS FRAUD OF THE CENTURY DESERVES? This is serious business; viz., that wobama’s total b***s*** and an utter fraud! Are people too embarrassed to admit they’ve been hoodwinked by this total fraud, conman, grifter? This is so egregious that pathological is not nearly sufficient to describe what more aptly is nothing short of borderline if not outright criminal.

Video: Obama biographer analyzes the president

(CNN) - David Maraniss, who wrote the recently published Barack Obama biography, "Barack Obama: The Story," on Wednesday characterized ...

New Book Raises Questions About Obama's Memoir

New York Times (blog) - by Michael Shear

David Maraniss

davidmaraniss.com/

“Maraniss is a skillful, thorough writer with an eye for telling detail, … a fact-finding contemporary historian with an artist's touch and feel.” – Ed Bark, Dallas ...

PAPER: Obama's grandfather tortured by the British? A fantasy (like most of the President's own memoir)... By Toby Harnden PUBLISHED: 17:15 EST, 19 June 2012 | UPDATED: 17:25 EST, 19 June 2012 { http://albertpeia.com/wobamaschoomgangfantasy.htm }

‘A new biography of Barack Obama has established that his grandfather was not, as is related in the President’s own memoir, detained by the British in Kenya and found that claims that he was tortured were a fabrication.

'Barack Obama: The Story' by David Maraniss catalogues dozens of instances in which Obama deviated significantly from the truth in his book 'Dreams from My Father: A Story of Race and Inheritance'. The 641-page book punctures the carefully-crafted narrative of Obama’s life…’

Will Russian And Chinese Military Forces On Syrian Soil Prevent Obama From Bombing Syria?

http://albertpeia.com/russiachinarational.htm

6-20-12 THE LONGEST DAY: EXECUTIVE PRIVILEGE

House panel votes Holder in contempt...
FULL HOUSE TO VOTE NEXT WEEK...
OBAMA REFUSES TO TURN OVER 'FAST AND FURIOUS' DOCUMENTS...
PELOSI: 'I could have arrested Karl Rove on any given day'...

Obama Spends More Than He Raises...
Team shrugs off campaign criticism...
Another Hollywood Fundraiser?

SHOCK: $9 Billion in 'Stimulus' for Green Projects Created Just 910 Jobs!

PAPER: Obama's grandfather tortured by the British? A fantasy (like most of the President's own memoir)... { http://albertpeia.com/wobamaschoomgangfantasy.htm }

JAILHOUSE CALLS: Zimmerman told wife to buy bulletproof vest...
WAR ZONE: 7 Killed, Dozens Wounded During Obama Visit to Chicago...
More killed this year than in Afghanistan...
Bill Maher: 'The Problem With Racism Is Matt Drudge'... { Oh riiiiight! Drudge is the racist for reporting facts/reality concerning black on every color crime along with black threats. What can you expect from maher who is an null sum embarrassment/disgrace who like the italian scallion had married (and I believe is now divorced from) a black (he like booby deniro need rationalization)? } Here’s some reality for maher who doesn’t mahter:

U.S. Cannibal Updates: Doctors release first photos of Miami cannibal victim...
**WARNING: Extremely graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:

'Zombie Bullets' In High Demand Following Cannibal Attacks...
COPS: Attacker bit off large chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat Cop...
'Growled, opened and closed his jaw'...
Woman bites wig shop owner’s bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby who unlike hoodie trayvon martin killed in self-defense (from niggers) was not a thief and was totally innocent? The tragic outcomes for ignoring the threat of the uncivilized niggers! }

http://albertpeia.com/blackonbrowncrime.htm

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

19 Reasons Why It Is Time To Start Freaking Out About The Global Economy http://albertpeia.com/19reasonstofreakoutaboutglobaleconomy.htm ‘Yes, it is officially time to start freaking out about the global economy.  The European financial system is falling apart and it is going to go down hard.  If Europe was going to be saved it would have happened by now.  The big money insiders have already pulled their funds from vulnerable positions and they are ready to ride the coming chaos out.   Over the next few months the slow motion train wreck currently unfolding in Europe will continue to play out and things will likely really start really heating up in the fall once summer vacations are over.  Most Americans greatly underestimate how much Europe can affect the global economy.  Europe actually has a larger population than the US.  Europe also has a significantly larger economy and a much larger banking system… Moreover, before Obama there had never been a deficit anywhere near $1 trillion.  The highest previously was $458 billion, or less than half a trillion, in 2008. The federal deficit for the last budget adopted by a Republican controlled Congress was $161 billion for fiscal year 2007.  But the budget deficits for Obama’s four years were reported in Obama’s own 2013 budget as $1.413 trillion for 2009, $1.293 trillion for 2010, $1.3 trillion for 2011, and $1.327 trillion for 2012, four years in a row of deficits of $1.3 trillion or more, the highest in world history. #19 Barack Obama almost seems more focused on his golf game than on the problems the global economy is having.  He just finished up playing his 100th round of golf since he became president. (Don’t forget as well, wobama’s record 150 fundraisers plus heavily vacationed tenure leaves little time to accomplish anything; and, he hasn’t!) , The Mancession: 16 Signs That This Economic Decline Is Sucking The Life Out Of The American Male http://albertpeia.com/16signseconomicdeclinesuckinglifeoutofamericanmale.htm , Your EBT Card Has Been Denied... At The Spearmint Rhino ZeroHedge.com Tyler Durden 6-19-12 America's welfare state is about to suffer a double whammy of epic proportions. On one hand, extended unemployment benefits are now running out at a pace of 100,000+ per week, as more and more American's lose eligibility for Komrade Samov's 99-week sponsored vacation, meaning millions of Americans heretofore sitting comfortably on their couch playing Call of Duty and collecting $400 a week will now start having to think for a change - never a good thing for any regime that relies on its electorate to be docile as drunk and fat Hindu cows.. "New York would prohibit welfare recipients from spending their tax-funded benefits on cigarettes, alcohol, gambling, and strip clubs under a bill passed overwhelmingly by the state Senate on Tuesday. "I understand that people need food stamps," said Republican Sen. Thomas Libous... "What I don't understand is why they need to go to strip clubs, buy lottery tickets, go to a 'racino' or buy alcohol." Wait, you mean you can't spend other people's money to pay for a lap dance? What crazy form of inhumane austerity is this. And isn't spending taxpayer dollars at the Spearmint Rhino one of the amendments to the post-Obama constitution? But perhaps the scariest implication is that New Yorkers actually do spend their EBT money at the Spearmint Rhino right off the card, being ripped off with the traditional 15% plastic surcharge instead of just paying cash. Now that is really stupid.

Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! }

http://www.albertpeia.com/wobamaschoomgangbangin.wmv

The Mancession: 16 Signs That This Economic Decline Is Sucking The Life Out Of The American Male

http://albertpeia.com/16signseconomicdeclinesuckinglifeoutofamericanmale.htm

PAPER: Obama's grandfather tortured by the British? A fantasy (like most of the President's own memoir)... By Toby Harnden 6-19-12 { http://albertpeia.com/wobamaschoomgangfantasy.htm }

Guest Post: Who Destroyed The Middle Class? (Part 1) “Over the last thirty years, the United States has been taken over by an amoral financial oligarchy, and the American dream of opportunity, education, and upward mobility is now largely confined to the top few percent of the population. Federal policy is increasingly dictated by the wealthy, by the financial sector, and by powerful (though sometimes badly mismanaged) industries such as telecommunications, health care, automobiles, and energy. These policies are implemented and praised by these groups’ willing servants, namely the increasingly bought-and-paid-for leadership of America’s political parties, academia, and lobbying industry.” – Charles Ferguson , In Case Of NEW QE, Gold To $1,900-$8,500 Says SocGen , Guest Post: Springtime For The Military-Industrial Complex America is spending more today drone-striking American citizens in Yemen, drone-surveilling Mexican drug lords and “turning our attention to the vast potential of the Asia-Pacific region“ than she was during the cold war when a hostile superpower had thousands of nukes pointing at her. Military contractors have nothing to fear. Whether it is the Pacific buildup to contain Chinese ambition, or drone strikes in the horn of Africa or Pakistan, or the completely-failed drug war, or using the ghost of Kony to establish a toehold in Africa to compete with China for African minerals, or an attempted deposition of Bashar Assad or Egypt’s new Islamist regime, or bombing Iran’s uranium-enrichment facilities, or a conflict over mineral rights in the Arctic, or (as Paul Krugman desires — and what the heck, it’s 2012, why not?) an alien invasion, or a new global conflict arising out of a global economic reset, it’s springtime for the military contractors. It’s everyone else who should be worried. , As Job Openings Plunge By Most Since May 2010, Beveridge Curve Goes Berserk , Housing Starts Post Biggest Drop Since August 2011 As Permits Rise

19 Reasons Why It Is Time To Start Freaking Out About The Global Economy

http://albertpeia.com/19reasonstofreakoutaboutglobaleconomy.htm

…

The big problem is that there is simply way, way, way too much debt in the United States and Europe.  It has been a lot of fun spending all of this borrowed money, but now we get to pay the price.

....

#1 The yield on 10 year Italian bonds has now risen to more than 6 percent.

#2 The yield on 10 year Spanish bonds has now risen to more than 7 percent.  This is considered to be an unsustainable level.

#3 Citigroup Chief Economist Willem Buiter says that both Italy and Spain are going to need major bailouts.

#4 The Spanish banking crisis continues to get worse.  The following is from a CNN article that was posted on Monday....

But the depth of the nation's crisis has raised doubts about whether €100 billion will be enough to recapitalize the banks. For example, the Bank of Spain, the nation's central bank, released data Monday showing that "doubtful" loans -- those that are more than 3 months overdue -- rose to €152.7 billion in April, equal to 8.7% of all the loans held by the nation's banks.

#5 Unemployment in Spain is sitting at a record high of over 24 percent with no hope in sight.

#6 Unemployment in the eurozone as a whole has hit a brand new all-time record high.

#7 The socialists won an outright majority in the recent parliamentary elections in France.  That means that France and Germany are now headed in completely different directions..

#8 New French President Francois Hollande has promised to implement a top tax rate of 75 percent on those making over 1 million euros a year.

#9 German Chancellor Angela Merkel has declared that Germany will not budge at all on the terms of the Greek bailout.

#10 Analysts at Citigroup Global Markets are projecting that the odds of Greece leaving the euro over the next 12 to 18 months are still between 50 and 75 percent.

#11 Money is being transferred from banks in southern Europe to banks in northern Europe at an astounding pace....

Financial advisers and private bankers whose clients have accounts too large to be covered by a Europe-wide guarantee on deposits up to 100,000 euros ($125,000), are reporting a "bank run by wire transfer" that has picked up during May…’

#19 Barack Obama almost seems more focused on his golf game than on the problems the global economy is having.  He just finished up playing his 100th round of golf since he became president. (Don’t forget as well, wobama’s record 150 fundraisers plus heavily vacationed tenure leaves little time to accomplish anything; and, he hasn’t!)

PAPER: Obama's grandfather tortured by the British? A fantasy (like most of the President's own memoir)... By Toby Harnden 6-19-12 { http://albertpeia.com/wobamaschoomgangfantasy.htm }

‘A new biography of Barack Obama has established that his grandfather was not, as is related in the President’s own memoir, detained by the British in Kenya and found that claims that he was tortured were a fabrication.

'Barack Obama: The Story' by David Maraniss catalogues dozens of instances in which Obama deviated significantly from the truth in his book 'Dreams from My Father: A Story of Race and Inheritance'. The 641-page book punctures the carefully-crafted narrative of Obama’s life.

One of the enduring myths of Obama’s ancestry is that his paternal grandfather Hussein Onyango Obama, who served as a cook in the British Army, was imprisoned in 1949 by the British for helping the anti-colonial Mau Mau rebels and held for several months.

Obama’s step-grandmother Sarah, Onyango wife, who is still living, is quoted in the future President’s memoir, as saying: ‘One day, the white man’s askaris came to take Onyango away, and he was placed in a detention camp.

More...Sarah Obama claimed that he was ‘whipped every morning and evening’ by the British. ‘They would sometimes squeeze his testicles with metal rods. They also pierced his nails and buttocks with a sharp pin, with his hands and legs tied together. He was lucky to survive. Some of his fellow inmates were mutilated with castration pliers and beaten to death with clubs.’

But Maraniss, who researched Obama’s life ..no remaining records of any detention, imprisonment, or trial of Hussein Onyango Obama’. ..

This undermines the received wisdom that Obama’s grandfather was a victim of oppression, an assumption that has in turn fuelled theories that Obama harbours an animus towards Britain based on a deeply-rooted rage about the way Onyango was treated.

John Ndalo Aguk, who worked with Onyango before the alleged imprisonment and was in touch with him weekly afterwards said he 'knew nothing' about any detention and would have noticed if he had gone missing for several months.

Zablon Okatch, who worked with Onyango as a servant to American diplomats after the supposed incarceration, said: ‘Hussein was never jailed. I know that for a fact…

.. ‘If you get arrested, you say it was the fight for independence, but they are arrested for another thing.

‘.. If he was in Kamiti Prison for only a day, even if for a day, I would have known.’

Maraniss also casts a sceptical eye on Obama’s grandmother’s tales of racism in Kansas, doubting whether she was ever chastised for addressing a black janitor as ‘Mister’ or ridiculed for playing with a black girl.

Obama himself, Maraniss finds, deliberately distorted elements of his own life to fit into a racial narrative…

Writing about his schooldays, Obama created a friend called Regina, a symbol of the authentic black American experience that Obama yearns for.

Maraniss found, however, that Regina was based on Caroline Boss, a white student leader at Occidental College. Regina was the name of Boss’s Swiss grandmother.

The book also notes that Obama removed two white roommates in Los Angeles and New York from his story..

A tale of the father of Obama’s Indonesian stepfather Soewarno Martodihardjo being killed by Dutch soldiers as he fought for Indonesian independence turns out to be ‘a concocted myth in almost all respects’..

According to the book, both Obama’s father and his paternal grandfather were abusive towards women and Maraniss finds that Obama’s story that he was abandoned by his father when he was two was false – in fact, Obama’s mother fled to Washington state a year earlier, possibly because she was being beaten.

A character in Obama’s memoir called Ray, portrayed as a symbol of young blackness, is in fact based on a fellow pupil who was half Japanese, part native American and part black and was not a close friend…

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

6-19-12 PAPER: Obama's grandfather tortured by the British? A fantasy (like most of the President's own memoir)... { http://albertpeia.com/wobamaschoomgangfantasy.htm }

LEAK: USA, ISRAEL CREATED 'FLAME' VIRUS AIMED AT IRAN

Issa to Holder: Get ready for contempt vote...
Negotiations stuck on getting documents...

Greece's ailing economy grinds to halt...
Companies can no longer afford to pay employees...
French business frustration boils over...
Spain and Italy to be bailed out...

THERE HE BOWS AGAIN: OBAMA MEETS MEX PRESIDENT...

Anti-Romney protesters paid to heckle?

FEDS STIKE OUT AGAIN: Baseball's Clemens acquitted of all charges... { How incredible is this? Trillion dollar wall street frauds (ie., corzine et als) unprosecuted and walking freeh, while the feds are persecuting Clemens over some ‘misperceived slight’. How pathetic these corrupt incompetents are! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

PALIN: DRUDGE HISTORY... { Drudge history? I don’t even know what this headline means; but, I can tell you that palin’s history!

Joe McGinniss Sarah Palin Book, 'The Rogue,' Makes Controversial Claims About Former Alaska Governor ‘Joe McGinniss's new book, The Rogue: Searching for the Real Sarah Palin, hits bookstores next week, but its controversial claims about the former Alaska governor are already making waves.

In the book, McGinniss writes that Palin had a one-night stand in 1987 with future NBA basketball player Glen Rice nine months before she married her husband Todd. He quotes a friend who said Palin "had a fetish for black guys for a while."

"She was a gorgeous woman. Super nice. I was blown away by her," Rice tells McGinniss in the book, NBC reports. "Afterward, she was a big crush that I had."

McGinniss's book also alleges that Palin had an extramarital affair with her husband's business partner, Brad Hanson, in the mid-1990s, and snorted cocaine off a 55-gallon oil drum while snowboarding.

"An utter fraud. An absolute and utter fraud," McGinniss calls Palin in an interview about the book with NBC.

"At best, she's a hypocrite," McGinniss tells NBC's Savannah Guthrie. "At worst, she's a vindictive hypocrite."

McGinniss famously moved into a house next door to Palin's Wasilla, Alaska home to write his book -- prompting the Palins to accuse him of stalking them. They built a high fence along their property to protect their privacy.

In response to McGinniss's book, Todd Palin gave a statement to NBC saying that McGinniss "spent the last year interviewing marginal figures with an axe to grind in order to churn out a hit piece to satisfy his own creepy obsession with my wife."

"I'd ask the fathers and husbands of America to consider our privacy when one summer day I found this guy on the deck of the rental property, just 18 feet away next door to us, staring like a creep at my wife while she mowed the lawn in her shorts," Palin said.

McGinniss says that anything he learned about Palin by living next door did not make it into the book, but he does become a character in the story himself.

The New York Times writes in its review:

Soon Mr. McGinniss is settling in to enjoy the fuss his mere presence has created. "Normally, for a news story to continue beyond the first 24-hour news cycle, something newsworthy must occur," he writes loftily, but "The Rogue" is filled with proof to the contrary. What was his hate mail like? He quotes it. What did Glenn Beck call him? That’s here too. Who took umbrage at this venom and chose to help him? One man offered him a hideout, despite Mr. McGinniss's slight skepticism about his motives. "But you don’t know me," Mr. McGinniss protested.

McGinniss's book is scheduled to hit bookstores on Tuesday, Sept. 20.’

The Rogue: Searching For The Real Sarah Palin' Cover Revealed Call it Palin Noir. Joe McGinniss' upcoming biography of Sarah Palin has a cover design more fitting for a detective novel. It has a bold...

Joe McGinniss, Palin Neighbor & Author, Leaving Wasilla To Write Book ANCHORAGE, Alaska — Sarah Palin can take down the fence. Palin's neighbor of three months on Wasilla's Lake Lucille, author Joe McGinniss, is packing his...

Bristol Palin Interview Accidentally Reveals Mother's 15 Abortions www.theonion.comWASILLA, AK—Sarah Palin's political team was forced to do emergency damage control Monday after the former Alaska governor's daughter Bristol accidentally divulged on live television that her mother has undergone at least 15 abortions over the past 30 years. "She's always telling me how special I am, especially considering the five or six babies she aborted before I was born," Palin, 20, said during a CNN interview in which she was asked if she thought her mother would make a good president. "Then of course there were the twins she aborted shortly after having me, another four abortions after Willow somehow survived hers—but anyway, she's a wonderful mom. She just gets pregnant a lot and doesn't always want to have the baby." Palin also commended her mother's strength in carrying three babies with Down syndrome to term, and then even choosing not to give Trig up for adoption like the others.

6-18-12 America’s Coming Depression Posted by : Bruce Krasting Post date: 06/17/2012 Happy Father's Day! { Truth be told, it’s already here, funny money election-year ponzis notwithstanding! } , Massive Wealth Destruction To Arrive This Year http://albertpeia.com/massivewealthdestruction2012.htm , Stocks Edging Closer To Financial Cliff at Forbes Charles Biderman, ‘.. The value of all stocks is still almost double the 2009 lows, yet today incomes are barely growing and realistically with all the headwinds we face there is no hope for rapid growth anytime soon.Every few weeks I feel the need to warn all that at some point stocks are likely to plunge.A little stock market history: Stock prices first rose above Dow 1000 early in 1983. The silicon revolution that started back then with the personal computer, led to the Internet in the 1990s and broadband in the 2000s. The huge productivity gains made possible by the silicon chip has dramatically increased global wealth; particularly the prices of stocks and bonds.In 1982 wages and salaries for all with jobs, including bosses, was $1.6 trillion. That same year, the value of all U.S. stocks, also known as the market cap, was around $1 trillion. Today wages and salaries are about $6.8 trillion, which is more than four times what people made 30 years ago.While wages and salaries quadrupled over the past 30 years; the value of all U.S. stocks has soared almost 18 times to $17.7 trillion today … At some point the central banks will get trashed and the equities markets will drop probably back to near the 2009 lows.Given how Europe is unraveling and emerging markets rates of growth are slowing rapidly, we might be nearer to a major correction than those with lots of money in stocks believe to be true.

Forget The Election Results - Greece Is Still Doomed And So Is The Rest Of Europe http://albertpeia.com/forgetelectiongreeceeuropedoomed.htm , No One’s Asking the REAL Question That Matters for the EU… And It’s Going to Cost Them gpc1981 ‘..no one seems to be asking THE key question regarding the EU: Just WHERE is the money for this bailout going to come from?.. only four of the required 17 countries have even ratified the ESM (it’s supposed to be completely ratified in July 2012).Moreover, you’ll note that the PIIGS as a whole are meant to contribute 36% of the ESM’s FUNDING!!!! Spain and Italy alone are meant to contribute 30%!!!! So… Spain is supposedly going to be bailed out by an entity that doesn’t even exist yet… for which Spain is mean to contribute 12% of the funding. And to top it off… Spain hasn’t even ratified the fund itself!!! More importantly, neither has Germany. And it’s not clear that it will either. Folks, the real deal is that Europe is out of money. End of story…’ , Massive Economic Collapse http://w3.newsmax.com/a/aftershockb/video47.cfm?PROMO_CODE=EF5E-1 , "Textbook Economics" Quote Of The Day ZeroHedge.com ‘For our quote of the day, we go to none other than the Fed's favorite mouthpiece, the WSJ's Jon Hilsenrath: Fed officials have been frustrated in the past year that low interest rate policies haven't reached enough Americans to spur stronger growth, the way economics textbooks say low rates should... Multiply the fruit of cheap credit across millions of households—with healthy portions of interest savings spent on goods and services—and the U.S. should be recovering more quickly, according to textbook economics. No... not the textbooks... Does this mean... Economics 101 is... nothing but one epic lie, based on Ponzi assumptions which work in a world of constant and gradual leveraging, and completely fall apart in a deleveraging world such as the one we have now? , Biderman On Europe: "Germany Must Say No To Greece, Spain, & Italy" , As Part Of Its NEW QE Q&A, Goldman Warns Of Possibility For $50-$75 Billion "Flow" Program , Guest Post: How to Save Your Money And Your Life ‘You should do the following.

1. Maintain significant bank and brokerage accounts outside your home country. Consider setting up an offshore asset protection trust. These things aren't as easy to do as they used to be. But they'll likely be much less easy in the future.
2. Make sure you have a significant portion of your wealth in precious metals and a significant part of that offshore.
3. Buy some nice foreign real estate, ideally in a place where you wouldn't mind spending some time.
4. Work on getting official residency in another country, as well as a second citizenship/passport. There's every advantage to doing so, and no disadvantages. That's true of all these things…’

Credit Slumps But VIX Dump Drives Equity Pump , Three Charts Your Stockbroker Won't Want You To See While every long-only manager and jobbing stockbroker is hard at work twisting the simple logic of 'but, but Central Banks will print and save the world' into a much more appetizing 'US decoupling, cleanest-shirt, ignore Europe, earnings, profits, money-on-the-sidelines' euphemism, we note that the following three charts from UBS suggest that things are not quite as rosy as one might believe

Romney: Obama doesn't deserve credit for any recovery { Because there is no real recovery; just increased debt, increased prices to obfuscate the reality of no real recovery! } Obama’s Harvard law professor Roberto Unger says ‘he must be defeated in 2012′ UK Daily Mail | A former professor of Barack Obama has turned against his one-time student and publicly urged voters not to re-elect him. http://albertpeia.com/wobamalawprofessorsaysdefeatobama.htm

America’s Coming Depression Posted by : Bruce Krasting Post date: 06/17/2012 - 09:27 Happy Father's Day!

Massive Wealth Destruction To Arrive This Year http://albertpeia.com/massivewealthdestruction2012.htm

Forget The Election Results - Greece Is Still Doomed And So Is The Rest Of Europe

http://albertpeia.com/forgetelectiongreeceeuropedoomed.htm

{ They forgot to throw in pervasively corrupt, defacto bankrupt america for good measure. It’s really quite amazing that anyone could possibly think that more of the same, ie., more debt, more printed paper and fiat paper currencies, etc., could possibly solve anything much less exacerbate existing problems already weighing mightily on the respective nations. What it is ‘is’ a contagion emanating from fraudulent wall street which invariably, when reality sets in aka paying the piper, leads to far greater kicks in the can for ‘kicking the can’. }

Drudgereport: 6-18-12 Bloomberg Overheard Saying Romney Would Be Better at Running Country than Obama { Indeed, because it’s true! } ...

'MODERN-DAY NOSTRADAMUS' WARNS U.S. OF DOOM { One doesn’t have to be a modern-day nostradamus to ‘read these tea leaves’! }...

EU commission president blames crisis on US banks { Yeah! Wall street frauds to be more exact and a ‘save the ever-more worthless dollar’ mindset/approach by the u.s. government. Really! But, europe has proven to be dumb as rocks! } ...

FEDS STIKE OUT AGAIN: Baseball's Clemens acquitted of all charges... { How incredible is this? Trillion dollar wall street frauds (ie., corzine et als) unprosecuted and walking freeh, while the feds are persecuting Clemens over some ‘misperceived slight’. How pathetic these corrupt incompetents are! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

PALIN: DRUDGE HISTORY... { Drudge history? I don’t even know what this headline means; but, I can tell you that palin’s history!

Joe McGinniss Sarah Palin Book, 'The Rogue,' Makes Controversial Claims About Former Alaska Governor ‘Joe McGinniss's new book, The Rogue: Searching for the Real Sarah Palin, hits bookstores next week, but its controversial claims about the former Alaska governor are already making waves.

In the book, McGinniss writes that Palin had a one-night stand in 1987 with future NBA basketball player Glen Rice nine months before she married her husband Todd. He quotes a friend who said Palin "had a fetish for black guys for a while."

"She was a gorgeous woman. Super nice. I was blown away by her," Rice tells McGinniss in the book, NBC reports. "Afterward, she was a big crush that I had."

McGinniss's book also alleges that Palin had an extramarital affair with her husband's business partner, Brad Hanson, in the mid-1990s, and snorted cocaine off a 55-gallon oil drum while snowboarding.

"An utter fraud. An absolute and utter fraud," McGinniss calls Palin in an interview about the book with NBC.

"At best, she's a hypocrite," McGinniss tells NBC's Savannah Guthrie. "At worst, she's a vindictive hypocrite."

McGinniss famously moved into a house next door to Palin's Wasilla, Alaska home to write his book -- prompting the Palins to accuse him of stalking them. They built a high fence along their property to protect their privacy.

In response to McGinniss's book, Todd Palin gave a statement to NBC saying that McGinniss "spent the last year interviewing marginal figures with an axe to grind in order to churn out a hit piece to satisfy his own creepy obsession with my wife."

"I'd ask the fathers and husbands of America to consider our privacy when one summer day I found this guy on the deck of the rental property, just 18 feet away next door to us, staring like a creep at my wife while she mowed the lawn in her shorts," Palin said.

McGinniss says that anything he learned about Palin by living next door did not make it into the book, but he does become a character in the story himself.

The New York Times writes in its review:

Soon Mr. McGinniss is settling in to enjoy the fuss his mere presence has created. "Normally, for a news story to continue beyond the first 24-hour news cycle, something newsworthy must occur," he writes loftily, but "The Rogue" is filled with proof to the contrary. What was his hate mail like? He quotes it. What did Glenn Beck call him? That’s here too. Who took umbrage at this venom and chose to help him? One man offered him a hideout, despite Mr. McGinniss's slight skepticism about his motives. "But you don’t know me," Mr. McGinniss protested.

McGinniss's book is scheduled to hit bookstores on Tuesday, Sept. 20.’

The Rogue: Searching For The Real Sarah Palin' Cover Revealed Call it Palin Noir. Joe McGinniss' upcoming biography of Sarah Palin has a cover design more fitting for a detective novel. It has a bold...

Joe McGinniss, Palin Neighbor & Author, Leaving Wasilla To Write Book ANCHORAGE, Alaska — Sarah Palin can take down the fence. Palin's neighbor of three months on Wasilla's Lake Lucille, author Joe McGinniss, is packing his...

Bristol Palin Interview Accidentally Reveals Mother's 15 Abortions www.theonion.comWASILLA, AK—Sarah Palin's political team was forced to do emergency damage control Monday after the former Alaska governor's daughter Bristol accidentally divulged on live television that her mother has undergone at least 15 abortions over the past 30 years. "She's always telling me how special I am, especially considering the five or six babies she aborted before I was born," Palin, 20, said during a CNN interview in which she was asked if she thought her mother would make a good president. "Then of course there were the twins she aborted shortly after having me, another four abortions after Willow somehow survived hers—but anyway, she's a wonderful mom. She just gets pregnant a lot and doesn't always want to have the baby." Palin also commended her mother's strength in carrying three babies with Down syndrome to term, and then even choosing not to give Trig up for adoption like the others.

JAILHOUSE CALLS: Zimmerman told wife to buy bulletproof vest...
WAR ZONE: 7 Killed, Dozens Wounded During Obama Visit to Chicago...
More killed this year than in Afghanistan...
Bill Maher: 'The Problem With Racism Is Matt Drudge'... { Oh riiiiight! Drudge is the racist for reporting facts/reality concerning black on every color crime along with black threats. What can you expect from maher who is an null sum embarrassment/disgrace who like the italian scallion had married (and I believe is now divorced from) a black (he like booby deniro need rationalization)? } Here’s some reality for maher who doesn’t mahter:

U.S. Cannibal Updates: Doctors release first photos of Miami cannibal victim...
**WARNING: Extremely graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:

'Zombie Bullets' In High Demand Following Cannibal Attacks...
COPS: Attacker bit off large chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat Cop...
'Growled, opened and closed his jaw'...
Woman bites wig shop owner’s bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby who unlike hoodie trayvon martin killed in self-defense (from niggers) was not a thief and was totally innocent? The tragic outcomes for ignoring the threat of the uncivilized niggers! }

http://albertpeia.com/blackonbrowncrime.htm

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

6-15-12 Dave’s Daily: http://www.etfdigest.com INVESTORS EXPECT BAILOUTS & QE { Keep this in mind as you read the data infra, QE has blatantly failed and actually has exacerbated an already bad economic situation for all but the frauds on wall street, yet the architects of this unequivocal failure, viz., the incompetents at the fed, other bureaucrats, pols, etc., clamor for more of the same (by Einstein’s or any other definition that’s called insanity) } 6-15-12 ‘The economic news Friday was terrible but that’s just leads to the cocktail libation bulls want. Remember: “bad news is good” so get with the program folks. The likely scenario is more bond buying and an extension of Operation Twist (OT as in moving to “overtime”). The Empire State Mfg Survey (2.28 vs 13.8 expected & prior 17.09) was an unmitigated disaster. It implies a sub-50 ISM number soon. But wait, there’s more…as Consumer Sentiment (74.1 vs 77.5 expected & prior 79.3) also laid an egg. Industrial Production (-.1% vs 0% expected & prior revised lower to 1%) completes the downward trend in economic data…

Four Bullet Points Explaining How JPMorgan Doubled Its Money From MF Global's Corpse In Seven Months ZeroHedge.com

Submitted by Tyler Durden on 06/15/2012

‘Don't read this if you have high blood pressure or if you are a client of MF Global's, whose money is still held by JP Morgan.

• JPMorgan is put on MF Global bankruptcy committee on November 7, 2011
• Two weeks later, JPMorgan buys MF Global's 4.7% in LME for 39 million in a "competitive bidding" process
• 7 months later, on June 15 2012 the LME gets an offer for $2.2 billion from China's HKEX, making JPM's stake worth $103 million
• JPMorgan makes over 100% cash on cash return in 7 months while MFGlobal money is still stuck at JPM.

In the meantime, Jon Corzine was, is and will always be a freeh man.

Frontrunning: June 15

Submitted by Tyler Durden on 06/15/2012

• Greece is Relevant: Central Banks Warn Greek-Led Euro Stress Threatens World (Bloomberg)
• Greece is very Relevant: World Economies Prepare for Panic After Greek Polls (Reuters)
• ECB's Draghi flags euro risks, spurs rate cut talk (Reuters)
• And as usual, beggars can be choosers... Hollande Urges Common Euro Debt, Greater ECB Role (Reuters)
• Wait and flee - Electoral uncertainty sends the economy into suspended animation (Economist)
• The EU Smiled While Spain’s Banks Cooked the Books (Bloomberg)
• Osborne’s £100bn Plan for UK Economy (FT)
• Two Cheers for Britain’s Bank Reform Plans: Martin Wolf (FT)
• BOJ Holds Policy Ahead of Greek Vote with Eye on Global Markets (Bloomberg)
• China Hits Back at U.S. Criticisms at WTO (Reuters)

The Diminishing Returns Of Central Planning, And Why More Printing Would Have No Impact

Lew Rockwell: Ron Paul will NOT Endorse Mitt Romney { SO WHAT! What could be more meaningless! }

Prisonplanet.com | Lew Rockwell joins Alex to discuss the latest in the Ron and Rand Paul controversy. { I include this and infowars/prisonplanet headlines so as not to be accused of first amendment obstruction. Yet, I’m constrained to point out that I was censored on the alex jones sites who despite endlessly complaining about censorship, do so themselves (particularly regarding American inherently criminal predispositions, which of course lead ineluctably to much of what alex jones complains about, especially corruption). Jones et als complain about jivetalking pre-disposed failed president and dictatorial despot wobama yet seek to be wobama’s best friends in embracing whatever it is that yields proven failure and ominously worse by a petulant attitude that ignores the reality of flawed americana. Fortunately, the grueling primary battle of which Ron Paul was a willing participant has yielded the ultimate winner in November in the person of President Mitt Romney. Sadly, jones remains ‘mr. tubby not too bright’ (he really isn’t that bright) from Texas who just can’t help himself as the moth to the flame in ineluctably embracing losing whenever he can, chiding others for not following his lemming path beyond the precipice (ie., the wiser Rand Paul – Ron Paul was 77 and never resonated despite equal opportunity to do so), which makes him a loser in spades. He’s really become quite an embarrassment to anyone who has ever appreciated his attempts to call a spade a spade! Signed: Al Peia I’ve logged in for this one comment only and will post no others, and will delete the account registration in short order. http://albertpeia.com } http://albertpeia.com/tubbyjonesnottoobright.htm

Drudgereport: 6-15-12 Obama bundler in Chicago goes all in for Romney...

Foreign holdings of US debt hit record high...

BIDEN: 'Great' cities in China, not America anymore...

REPORTER INTERRUPTS OBAMA!
PRICKLY IN ROSE GARDEN...
PRESIDENT SCOLDS: 'I didn't ask for argument'...
But doesn't take questions -- again!
EDITOR: 'A reporter's job is to ask questions'...

OBAMA TO GRANT IMMUNITY TO YOUNG ILLEGALS...
FLASHBACK: 'The notion that somehow, by myself, I can do these things, it's just not true'...
Joy and anger...
SHERIFF JOE: 'They will still be arrested'...
Gov. Jan Brewer Blasts 'Backdoor Amnesty' Move...
LIMBAUGH: 'Open Borders Friday'...

FACEBOOK Told Regulators IPO Range Was Near Fair Value…{ Riiiiight! }...
Burglaries rise as Greeks hoarde cash...
Central banks prepare for turmoil...
EGYPT VOTES AMID CHAOS

Los Angeles County courts begin downsizing …{For all their ‘legitimacy’ (my personal experience), it’s a real shame they couldn’t be abolished outright! } ...

Man arrested for public sex with teddy bear -- for fourth time...

BURGLARS BREAK IN, BITE OFF VICTIM'S EAR...
U.S. Cannibal Updates: Doctors release first photos of Miami cannibal victim...
**WARNING: Extremely graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:

'Zombie Bullets' In High Demand Following Cannibal Attacks...
COPS: Attacker bit off large chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat Cop...
'Growled, opened and closed his jaw'...
Woman bites wig shop owner’s bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby who unlike hoodie trayvon martin killed in self-defense (from niggers) was not a thief and was totally innocent? The tragic outcomes for ignoring the threat of the uncivilized niggers! }

http://albertpeia.com/blackonbrowncrime.htm

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

CANNIBAL STRIKES IN MARYLAND... { Yes, another black cannibal; with ties to wobama’s home country of Kenya, Sub-Saharan Africa. }

South Beach Cannibal 'Put Under Voodoo Curse'... {Riiiiight! That voodoo thing made him do it! Oh yeah, that and the evil white man’s bathing salts also the culprit!}

'BATH SALTS' TRIGGERED SOUTH BEACH CANNIBAL { Riiiight! Fine young black cannibal, driven cannabalistic by bath salts made by those evil white overlords! How 'bout the inherent cannabilistic trait as manifested here; the recurring theme of ‘Roots’, they’ll choose white meat over dark meat every time!

Flash Mob of 40 black Kids Storm 7-ELEVEN over Free Slurpee Promotion, Beat Manager, Raid Shelves...

REPORT: Woman viciously beaten at MCDONALD'S drive-thru...
'This is for you, you white b***ch! This is a grape soda!' {suspects - two black women and one black man }

HORROR: Mob of 20 'hooded blacks' storm UK pub, drag man out, stab him to death...

COPS: 19-year-old white student beaten by two separate black gangs...

Dershowitz: Zimmerman acted in self-defense. so drop murder charge...
Evidence Backs Up George Zimmerman's Version of Shooting...
Witness Told Cops: Trayvon Straddling And Punching 'MMA Style'...

 From Pat Buchanan: As for racism, its ugliest manifestation is in interracial crime, and especially interracial crimes of violence. Is Barack Obama aware that while white criminals choose black victims 3 percent of the time, black criminals choose white victims 45 percent of the time? Is Barack aware that black-on-white rapes are 100 times more common than the reverse, that black-on-white robberies were 139 times as common in the first three years of this decade as the reverse? We have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned out to be hoaxes. But about the epidemic of black assaults on whites that are real, we hear nothing.

The reality is that blacks are an insoluble problem wherever they are. That’s not going to ever change; not make-shift/make-work jobs; not programs; not anything tried or to be tried; hence, they must be treated as exactly that – problems – before a solution can be derived and fashioned. ] [ Send the blacks, including blackbama back to sub-saharan africa! ]

Dave’s Daily: http://www.etfdigest.com CENTRAL BANKS THREATEN INTERVENTION 6-14-12 ‘We began Thursday with terrible Jobless Claims data (386K vs 375K exp & prior revised higher again to 380K). Further another 135K unemployed fell off the benefits rolls in one week. But, the previous theme the past few years now remains, “bad news is good” because the Fed and other central banks will launch more QE. In fact QE is going on now as the Fed today purchased (front ran) 30 year Treasury bonds ahead of the Treasury’s 30 year auction. { image – http://albertpeia.com/61412qe.jpg } This little bit of manipulation has been ubiquitous but has now expanded to a level not seen previously. In afternoon trading word started filtering (obviously early to insiders) that central banks were once again “all-in” in preparation to intervene in markets post Greek election chaos. All this began as rumors (hence, those in the know were able to push markets higher in a heartbeat) but then came news…’

The EU’s Real Agenda: “Lie Until You Are About to Die” June 14, 2012 By gpc1981 ‘The big news that the markets are attempting to digest this week is the €100 billion Spanish bailout.  This action and the upcoming Fed FOMC meeting on June 19-20 will dictate the market’s action over the next two weeks and possibly for the remainder of the year.The first of these topics, the Spanish bailout, is an extremely complicated affair. The key takeaway issues that need to be considered are:

1. How the bailout was performed: who was involved and who wasn’t.
2. The details of the bailout structure itself.
3. The financial implications of the bailout.
4. The political implications of the bailout.

Let’s dive in. Spain has been denying the need for a bailout for months now. Indeed, a mere two weeks ago, Prime Minister Mariano Rajoy stated that Spain would not need outside assistance. In fact, when France’s President Francois Hollande implied that Spanish banks might need outside funds at an EU summit last month, Rajoy retorted, “Hollande does not know the state of Spanish banks,” What’s peculiar about this statement was that it was made when the Bankia nationalization was already underway. .. Thus, I would change the common phrase applied to the EU’s political/ financial policies from “extend and pretend” to “lie until you are about to die.”

Moody's Downgrades Five Dutch Banks By 1-2 Notches

From An Orderly EUR Decline To A Capital Flight Crisis In 4 Easy Steps

Biderman: "The World Cannot Go Back To The Way It Was"

Submitted by Tyler Durden on 06/14/2012

In browsing the last seven months of video commentary that Charles Biderman, of TrimTabs, has produced, he is clear on one thing, "nothing has changed". With an 'admittedly rigged' stock market now at the behest of global central banks and the slow-motion train-wreck in Europe seemingly approaching the end of its can-kicking-road, Biderman is frustrated by the inane financial media's perpetual belief that we are 'a grand plan' away from a return to the way the world was before the crisis began - "We are not!" Wages and salaries in the US continue to stagnate with a $100bn per month deficit as he is incredulous at the belief that we can go on printing $1.3 trillion to produce $250 billion in spending each year. The US economy will double-dip when the Fed's attempt at rigging the stock market and economy is no longer perceived as viable and as the paisley-wearing pontificater expects both inflation (inevitable with CB printing) and deflation (big banks, European and EM equities thanks to the interventionist policies of the global central banks), he suggests gold as a core holding.

6-14-12 Germany sounds crisis alarm as Italy, France demand progress...
Greek health system crumbles under weight of crisis...
Working Without Pay...
ELECTION: Decisive Moment...

Obama Speech Gets Thumbs Down From Political Press?

CHAOS IN CAIRO: MILITARY CLAIMS CONTROL...
A sense of dread...
...coup d’état
Biden Praises 'Arab Spring' on Same Day Egypt Dissolves Parliament...
Witness details shower encounter in Sandusky sex abuse trial...
'Tickle Monster'...
Should have been charged in 1998...
Dozens of NYC students have phones stolen in armed robbery...
Man Beaten By Mob Of Teens In Chicago On Train Over Dropped iPhone..

U.S. Cannibal Updates: Doctors release first photos of Miami cannibal victim...
**WARNING: Extremely graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:

'Zombie Bullets' In High Demand Following Cannibal Attacks...
COPS: Attacker bit off large chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat Cop...
'Growled, opened and closed his jaw'...
Woman bites wig shop owner’s bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby who unlike hoodie trayvon martin killed in self-defense (from niggers) was not a thief and was totally innocent? The tragic outcomes for ignoring the threat of the uncivilized niggers! }

http://albertpeia.com/blackonbrowncrime.htm

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

How Can a Non-Existent Entity Bailout Spain… Or Anyone Else For That Matter? June 13, 2012 By gpc1981 ‘Spain’s Bailout is one big lie.I know, I know… Spain is “saved” thanks to a €100 billion bailout.But no one is asking just where this money will come from?The IMF isn’t involved. Nor is the ECB.The EFSF, which can’t even raise €10 billion without having to step in to insure it doesn’t have a failed bond auction isn’t a possibility (Germany doesn’t want it).That leaves just the European Stability Mechanism (ESM)… except for the little known fact that only FOUR of the necessary 17 EU members have ratified legislation to even CREATE the ESM.That’s right… the ESM doesn’t even EXIST yet.On top of this, Spain and Italy make up 30% of the ESM’s supposed “funding.” That’s right, nearly one third of the mega-bailout fund’s capital will come from countries that are bankrupt themselves and are either already requesting bailouts (Spain) or soon will be (Italy).Finally, and this is the REAL problem with the ESM… Germany hasn’t OK’d it yet.In fact, German opposition leaders have stated point blank that hoping for Germany to ratify the ESM before its due date (July 1) is “completely unrealistic.”So… Spain is going to be bailed out by a non-existent entity whose leading member likely won’t even have ratified its formation… before July 1.Sure things could play out differently. But wasn’t Spain literally on the verge of a systemic Crisis? And we’re talking about weeks… possibly months before it gets a single Euro in bailout funds (assuming the funds even show up at all).So I ask again… WHERE is the money going to come from? It doesn’t exist. The whole Bailout is one big lie. The funds simply are not there.Even if they were, €100 billion is NOTHING compared to the REAL capital needs of Spanish banks. Heck, Bankia alone needs €24 billion… and that’s just ONE BANK out of Spain’s €3 trillion banking system.Folks, if you think we’re out of the storm yet in Europe, you’re in for a very VERY rude surprise. It’s quite likely the EU won’t even exist in its current form before the summer ends.The simple reason… THERE AREN’T ANY FUNDS LEFT TO PROP UP the €46 TRILLION toxic sewer that is the EU banking system. End of story…’ , Moody's slashes Spain debt ratings three notches , Dave’s Daily: http://www.etfdigest.com THE FED BUYS TREASURY AUCTION 6-13-12 ‘Just how does this little game of Finance 2012 work anyway? To quote our friends at Zero Hedge: “A month after the U.S. Treasury sold $24 billion in 10 Year bonds at what was then a record low yield of 1.86%, the U.S. government once again approaches that mysterious primary dealer-repo nexus with the latest offer U.S. banks can't refuse: a $21 billion reopening. What is notable about today's auction is that in about 40 minutes, the auction will price at a record low yield of just about 1.63%, or 23 bps lower to the last record yield. Where things get patently surreal, however, is when one takes a look at today's POMO operation conducted by the Fed (remember those). Because as can be seen on the table below from the NY Fed, at 11 AM today, so precisely 2 hours before when the Treasury will complete its own sale, bought $4.8 billion of... wait for it... 10 Year bonds.” (And, you thought QE and POMO were over probably.) Two hours later the Treasury auctioned $21 billion in 10 year bonds at a yield of 1.622%. You can put 2 and 2 together, but this is the type of stuff which for the most part is done behind the curtain and away from the MSM and financial media more absorbed with Jaime Dimon. Call it what you will—three card Monte, Ponzi or just plain manipulation.

Hannan: "The Euro Is The Problem, Not The Solution" ZeroHedge.com Tyler Durden , These Three Spanish Banks Will Be Downgraded Tomorrow , Spain Loses Final A Rating With Moodys Downgrade To Baa3, May Downgrade Further - Full Text , Egan Who Just Gave Spain The Triple Hooks , Greek Bank Run Update: Up To $1 Billion A Day Now , SocGen's Albert Edwards On Spain: "A Bailout Will Solve Nothing" , Treasury To Sell 10 Year Bonds At Record Low Yield Two Hours After Fed Buys... 10 Year Bonds , Europe Bailout #5 Is In The Books , Farage: "The Euro Titanic Has Now Hit The Iceberg" , Retail Sales Miss Ex-Autos, PPI Misses; Gold Soars On More QE Expectations Two more data points, two more disappointments , Forget Three Months: Italy May Have Two Weeks Tops, As "It Already Is Where Spain Is Heading" , China seen as top economic power and Obama slips overseas , Unholy mess: Vatican amidst mafia money-laundering scandal [ The unholy see? Or are they conveniently blind? ] The Vatican Bank is under media fire as reports emerge that Italian prosecutors suspect it of laundering Sicilian mafia bosses’ riches. , Ex-coach in Sandusky case tells of shower scene San Francisco Chronicle ‘A former Penn State assistant coach who was a central figure in Joe Paterno's downfall testified Tuesday that he heard a "skin-on-skin smacking sound" in a campus locker room one night in 2001 and saw something that was "more than my brain could handle." Jerry Sandusky was standing naked in the showers behind a boy, slowly moving his hips, Mike McQueary told the jury. McQueary, one of the star witnesses in the child sexual abuse case against Sandusky, said he had no doubt he was witnessing anal sex…’ , Accuser: Sandusky threatened me after assault , Pimco’s Bill Gross via Twitter: Gross: Fed buys 10-yr notes at 11am; Treasury sells 10-yr notes at 2pm. One Hand Feeds the Other. Remarkable! , Retail Sales in U.S. Declined for Second Month in May

How Can a Non-Existent Entity Bailout Spain… Or Anyone Else For That Matter? June 13, 2012 By gpc1981 Spain’s Bailout is one big lie.

I know, I know… Spain is “saved” thanks to a €100 billion bailout.

But no one is asking just where this money will come from?

The IMF isn’t involved. Nor is the ECB.

The EFSF, which can’t even raise €10 billion without having to step in to insure it doesn’t have a failed bond auction isn’t a possibility (Germany doesn’t want it).

That leaves just the European Stability Mechanism (ESM)… except for the little known fact that only FOUR of the necessary 17 EU members have ratified legislation to even CREATE the ESM.

That’s right… the ESM doesn’t even EXIST yet.

On top of this, Spain and Italy make up 30% of the ESM’s supposed “funding.” That’s right, nearly one third of the mega-bailout fund’s capital will come from countries that are bankrupt themselves and are either already requesting bailouts (Spain) or soon will be (Italy).

Finally, and this is the REAL problem with the ESM… Germany hasn’t OK’d it yet.

Unholy mess: Vatican amidst mafia money-laundering scandal RT [ The unholy see? Or are they conveniently blind? ] The Vatican Bank is under media fire as reports emerge that Italian prosecutors suspect it of laundering Sicilian mafia bosses’ riches.

{ I'm surprised they did this there and not here in the states where drug-money laundering is among other significant crimes, protected. My reply incorporates my direct experience concerning the foregoing and then some here in the states:

FIGHT FOR THE FUTURE <TEAM@FIGHTFORTHEFUTURE.ORG>

I think you should keep this in mind:

There's not even the slightest doubt in my mind that they're already monitoring/wiretapping phones/lines without warrants; and have been doing so for quite some time. [ I actually confirmed this by measuring the impedance on my line with devices for said purpose some time ago]. I personally haven't had such pressing need for privacy; but I support your cause [I also believe they monitor everything you see on your screen and their supercomputers are getting better/faster, etc.].

What I believe this is about is their using/referencing same and such for charges, in court or otherwise, etc..

You must realize the law, arbitrarily enforced at best, coercive consistent with their misguided agendas, is all but absolutely meaningless to them except as used to further their respective agendas. The process is totally corrupt (the very few exceptions are statistically insignificant). After all, you need only look so far as the still unprosecuted largest wall street frauds, the government's illegal drug trade, etc.. [Think of it in terms of arm-twisting without the twisting; unless of course, you don't see/do things their way, in which case you may experience the full weight of the law as they arbitrarily apply it. Don't forget: they have the same employer.]

I've experienced this first-hand:

http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm

http://albertpeia.com/americangovernmentdrugtrafficking.htm
http://albertpeia.com/americascorruptiondrugtrade.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

From a somewhat recent post and my website: http://albertpeia.com

5-22-12 IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES (Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT (Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United States of America while Barack Obama is President.  The evidence is overwhelming:  everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed.  Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each.  Nearly 2-1/2 million fewer Americans have jobs than before the stimulus. Barack Obama has been President for 30 months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.  He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW.  His broken campaign promises are too numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD-BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!

http://www.albertpeia.com/todayspage.htm
http://albertpeia.com/todaysbusinesssummarylinks.htm
http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
http://albertpeia.com/22signsglobalrecessiondepression.htm
http://albertpeia.com

From: Fight for the Future <team@fightforthefuture.org>
To: albert_peia@yahoo.com
Sent: Tuesday, June 12, 2012 11:18 AM
Subject: CISPA vote delayed!

Ok, so here's the latest on CISPA:

Insiders expected the Senate to vote in the week after they returned from Memorial Day recess. But guess what? The week’s over, and no vote. Now we're hearing the Senate might not vote until the 3rd or 4th week of June.

This is exactly what we want. CISPA's supporters are in a race against time: in just 7 weeks Congress will shut down, election season kicks in, and the clock runs out for CISPA. Even better, the fact that Congress postponed the vote means they probably don't have enough "yes" votes yet.

The problem is, they’re working on a deal to get those votes. Which is why we need every person receiving this in California to schedule a meeting at their senator’s office. Call, get a time and date and report back, making sure we can contact you. Others will follow your lead and offer to go with you. Let’s do this -- we have to get into their offices before they finish cutting a deal and pass this awful bill.

Click here to call to get a date and time for a meeting now! (It’s super important)

The odds are against us, but the idea of giving the FBI, NSA, and local police a permanent warrantless wiretap on our online life... well, it makes us sick. Let’s win this one.

-Douglas and Zak
Fight for the Future

Drudgereport: 6-13-12 Fears rise over EU handling of debt crisis...
Greeks Withdraw $1 Billion a Day Ahead of Vote...

CASINO BOSS BETS $10M ON ROMNEY! { Good Bet! That’s a Winner! }

CHINA VOTED TOP ECONOMIC POWER ON EARTH...

SLAP: RUSSIA DEFENDS ARMS SALES TO SYRIA

MAG: Is legalizing weed Obama's October surprise?

GERMAN MEDIA TURNS ON OBAMA...

Unions organizing -- unemployed...

COPS: Naked Man High On 'Bath Salts' Tries To Attack 3-Year-Old Girl On Miami Beach Playground...

U.S. Cannibal Updates: Doctors release first photos of Miami cannibal victim...
**WARNING: Extremely graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:

'Zombie Bullets' In High Demand Following Cannibal Attacks...
COPS: Attacker bit off large chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat Cop...
'Growled, opened and closed his jaw'...
Woman bites wig shop owner’s bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby who unlike hoodie trayvon martin killed in self-defense (from niggers) was not a thief and was totally innocent? The tragic outcomes for ignoring the threat of the uncivilized niggers! }

http://albertpeia.com/blackonbrowncrime.htm

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

Dave’s Daily: http://www.etfdigest.com BULLS ARE EXPECTING MORE FED QE 6-12-12 ‘“I’ve been in favor of pretty much any accommodative policy I’ve heard about,” said Charles Evans, President of the Chicago Fed on Bloomberg TV. What a remarkable statement? (Actually, he says this kind of stuff all the time.) Using his logic you could take anyone off the street and get something accommodative Evans would sign off on. But essentially this is what bulls are hanging their hat on Tuesday…Investigate, and try as I might, there isn’t much reason to rally beyond the powers of the Fed’s printing press and some oversold conditions. As mentioned previously, let’s not forget quad-witching Friday and portfolio manager bonuses due at quarter end. Sure it’s cynical but it’s a fact. The roller coaster ride of uncertainty continues causing investors to sell and shorts to be squeezed. It’s a manipulated algo driven affair. So it’s no wonder many investors have fled markets seeking safety in bonds or mattress money generally…’ ( from Dave’s Daily: http://albertpeia.com/dave.htm ) , Biderman On Central Banks: "In The End, They Will Get What They Deserve" ZeroHedge.com Submitted by Tyler Durden on 06/12/2012 ‘"We live in interesting times" is the understated introduction to one of Charles Biderman (of TrimTabs) more concerning and stunned rants. With the value of all stocks still around double the 2009 lows yet today's incomes are barely growing, and realistically - with all the headwinds we face - there is no hope for rapid growth in wages & salaries anytime soon, the avuncular analyst feels the need to warn all that "stock prices are due to plunge". Following a little stock market history, Charles notes that while wages and salaries in the US have quadrupled over the past 30 years, the value of all US stocks has risen 18 times. In 1982, stocks relative to wages & salaries were 0.6-to-1 and now the ratio is north of 2.6-to-1. .. Central banks are tying to solve all the world's problems via the printing press and .. the central banks may be the largest market participant but they are not the only one and in the end "they will get what they deserve" as stocks drop to 2009 lows.’ , Markets Dead Dog Bounce Back To Friday's Close , Just in! Beat the devil(s)! No, not that Humphrey Bogart film from years ago of that same title; but rather, beat the devils as in jersey devils, as in LA Kings just beat the devils of that sordid, corrupt, mob-overrun, disgusting state of new jersey. I hope I don’t sound like a ‘fair-weather fan’, but I’m now an LA Kings fan for life! Congratulations to the Champion LA Kings! { I really hate new jersey! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

From Capital To Salary Control: France To Cap State-Owned Company Executive Pay , The Great Hyperinflationary Scavenger Hunt (Illustrated:)… 'Helicopter Ben' failure, we are again reminded that there is a Plan Z. Recall that none other than the Chairman said in 2002: "Keynes ... once semi-seriously proposed, as an anti-deflationary measure, that the government fill bottles with currency and bury them in mine shafts to be dug up by the public." Below, courtesy of William Banzai is an artist's impression of what said scavenger hunt would look like. Will there be an 'app' for that? Maybe AAPL's new 3D Maps will enable the national treasure hunt? Long Shovels. , Global Bailout Curiosity Soars If Greece, Ireland, Portugal and Spain can do it, why not everyone? Heck, why pay for anything, instead of just ramping up debts, until the consolidated debt load is so high the Fed has no choice but to bail everyone out? Of course, this is purely a thought experiment (for now... there are still 5 months in the presidential race). Still, we were curious to see if there is validation of this meme "out there" - and to do this we of course went straight to the source - Google's most recent addition in tracking public queries, Insights for Search, and looked up the term "bailout." We were not at all surprised to find the English-speaking world's curiosity in this particular synonym for a 'free lunch' (with other people's money) has exploded in the last few weeks. , Rosenberg Defines European Insanity The situation in Europe goes from bad to worse. Gluskin Sheff's David Rosenberg is back to his bearish roots as he remind us that 'throwing more debt after bad debts ends up meaning more debt'. As he notes, the definition of insanity is (via Bloomberg TV): When you realize that of the potential $100 billion to spend, 22% of that has to be provided by Italy and their lending to Spain is at 3% but Italy has to borrow at 6%. They have to lend to Spain $22bn at 3% - it is just madness. Everybody is getting worried again. The solution that they seem to have come up with seems to be worse than the problem in the first place. , The US "Budget Surplus" Miracle Is Over: $125 Billion Deficit In May One month ago we were pleasantly surprised to note that following 42 straight months of budget deficits, among them record ones, such as the ($231.7) billion recorded in February, the US finally managed to record its first budget surplus since September 2008. The number was a modest but positive $58 billion, although there was once again more than meets the eye. On May 7 we said that "without various temporal adjustments, the April surplus of $58 billion would have been completely netted out by the cumulative $57 billion in deficit time shifts." More importantly, we said, "In other words, enjoy the surplus while you can: for another 30 or so days." Sure enough, 30 days later, the number is out, and it is back to normality: the US recorded a deficit of $125 billion in May, on outlays of $305 billion and revenues of $181 billion. And so the "surplus" miracle is over. , Greek Bank Run Update: €100-€500 Million Per Day , The Latest Adventures Of Alice In Euroland , China Tells U.S. What It Can Do With Its Iran Oil Import Sanctions , Guest Post: Banks Are An Endangered Species

On Capital Controls…

Establishing capital controls is one of the worst forms of theft that a government can impose. It traps people’s hard earned savings and their future income within a nation’s borders. This trapped pool of capital allows the government to transfer wealth from the people to their own coffers through excessive taxation or rampant inflation… both of which soon follow.

Ahead Of Jamie Dimon's Senate Testimony, Who Knew What, When: The Full Infographic

… Jamie will have a fun time explaining just how he let all of this happen for years while potentially engaging in material 10(b)-5 fraud in his public filings and statements.

The Elite Are Attempting To Convince Us That Killing Off Our Sick Grandparents Is Cool And Trendy

http://endoftheamericandream.com

http://albertpeia.com/howtodietime.htm

{ First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. }

[ 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said:

The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing

http://albertpeia.com/planetalreadyruined.htm ]

‘What should be done with elderly Americans when they become very seriously ill?  Should we try to save their lives or should we just let them die?  Unfortunately, there is a growing consensus among the "intellectual elite" that most elderly people are not going to have a high enough "quality of life" to justify the expense of costly life saving procedures.  This philosophy is now being promoted very heavily through mainstream news outlets, in our television shows and in big Hollywood movies.  The elite are attempting to convince us that killing off our sick grandparents is cool and trendy.  We are being told that "pulling the plug" on grandma and grandpa is compassionate …”

Sobbing witness, 18, details sex abuse in Sandusky trial { The defense: just a frolicking, cornholin’, fun-loving man-child; that sweet sandy was! Riiiiight! ‘… "After cracking my back and rubbing his hands down the back of my shorts and blowing on the stomach, he, he put his mouth on my privates," the man said, holding back sobs as a silent courtroom listened. "I didn't know what to do. With all the thoughts running through my head I kind of blacked out, I didn't want it to happen," the witness added. The witness began to cry and said Sandusky later had forced him to put his mouth on the coach's genitals…’ } http://albertpeia.com Crying witness gives graphic Sandusky account Witness: I saw Sandusky in the showers with a boy

6-12-12 DEFICIT DOUBLES IN YEAR
POSTAL CHIEF: We're headed for Greece...

SPIKE LEE WORRIED ABOUT OBAMA'S RE-ELECTION CHANCES { Duh! C’est la vie, fait accomplis! Incompetent wobama the jive-talking grifter/con-man is done! } ...

'People ain't got jobs, people are hurting'...

POLL: Obama rapidly losing support among black voters { GOP: Don’t believe this, and don’t count on it! Wobama will get near 100% of the black vote based on skin color alone and for no other reason whatsoever! } ...
White support cracking...
Jewish support in NY drops 22% -- in 1 month!
UNION MEMBERS BAIL...

IMF chief Lagarde warns world risks triple crisis...

NEXT: Worry for Italy Quickly Replaces Relief for Spain...
Trevi fountain crumbling 'for lack of maintenance'...
EU Mulls Worst-Case Scenarios If Greece Leaves Euro...
Spain deal 'will come apart in less than a month'...

U.S. Cannibal Updates: Doctors release first photos of Miami cannibal victim...
**WARNING: Extremely graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:

'Zombie Bullets' In High Demand Following Cannibal Attacks...
COPS: Attacker bit off large chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat Cop...
'Growled, opened and closed his jaw'...
Woman bites wig shop owner’s bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby who unlike hoodie trayvon martin killed in self-defense (from niggers) was not a thief and was totally innocent? The tragic outcomes for ignoring the threat of the uncivilized niggers! }

http://albertpeia.com/blackonbrowncrime.htm

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

6-11-12 The Economic Collapse Is Not A Single Event http://albertpeia.com/economiccollapsenotsingleevent.htm , The Spanish Bailout Explained With One Image Zerohedge.com Tyler Durden on 06/11/2012 Pretty much says it all. http://albertpeia.com/suicidegun.jpg , Rajoy: Pain in Spain to deepen despite bank rescue AP , Farage On The Spanish Bailout: "A Reinforcement Of Failure" http://albertpeia.com/reinforcementoffailure.htm , Dave’s Daily: http://www.etfdigest.com MARKETS RETHINK SPAIN AND ITALY 6-11-12 ‘Most financial broadcasters were excited about prospects for a substantial rally last night as the Spanish bailout was announced. But, then there are those pesky details and fallout to be dealt with. Will current Spanish sovereign debt be subordinate to freshly issued eurozone loans? It seems that’s likely. For most of the trading day Monday, Italian stocks (Fiat, Intesa & others) were halted in trading as contagion worries persisted…Not so cheery news came from the Fed which indicated U.S. family net worth had fallen to levels (40% lower) than those in the early 1990s. This is the kind of news that will bite hard on consumer sentiment and they’re living it. Volume on Monday was about average for the period while breadth per the WSJ was quite negative... , Guest Post: It Only Took A Global Depression To Reduce Gas Prices By 40 Cents , Rajoy To de Guindos: "Spain Is Not Uganda" , Graham Summers’ Weekly Market Forecast (Do We Still Have Faith? Edition) http://albertpeia.com/reinforcementoffailure.htm 1)   Where is the money coming from? (most EU Governments are broke) 2)   What precedent is this setting? (Ireland is already clamoring for a rewrite to its bailout rules) 3)   How desperate are things that they’re making such a large move so quickly?

The Spanish Bank Bailout: A Complete Walk Thru From Deutsche Bank , Bill Buckler: "It's GIGO Time On Wall Street" Here is the conclusion of a US study of computer-generated trading recently concluded: “Financial markets are alive, but a model, however beautiful, is an artifice. ...To confuse the model with the world is to embrace future disaster driven by the belief that humans obey mathematical rules.” , Things That Make You Go Hmmm - Such As Pavlovian Markets , Steve Keen: Why 2012 Is Shaping Up To Be A Particularly Ugly Year , Monti Goes M.A.D.; Sees "Permanent Risk Of Contagion In Euro-Zone" , Jim Rogers Would’ve Told Spain To Take A Hike , Gold Pops, Stocks Drop, And Oil Plops , Charting The Simple Reason Why Every 'Bailout' In Europe Will Be Faded The bailout bullishness half-life is shrinking - dramatically - as it appears traders have become more aware of reality (and unreality)…’ , European Collapse Hedge Return: +25% In One Day; 48,586,180,011% Annualized , Eurosis For Dummies - A Timely Reminder , Spain and The Runaway Euro Bailout Train Posted by : EconMatters Post date: 06/11/2012 - 08:58 Spain marks the fourth bailout during this Euro Zone debt crisis saga, after Ireland, Portugal and Greece, and may need more aid, while Italy is looking good to be the fifth bailout candidate... , Cue Hyperinflation In 5... 4... 3... , Europe Scrambling To Avoid Subordination Threat , Is Cyprus Next On The Bailout Train? , Europe Brings Out The "Capital Controls" Bazooka

Submitted by Tyler Durden on 06/11/2012

Here we go:

• EU SOURCES HAVE DISCUSSED IMPOSING CAPITAL CONTROLS AS WORST CASE SCENARIO IF GREECE LEAVES EUROZONE - RTRS
• IMPOSING BORDER CHECKS, LIMITING ATM WITHDRAWALS ALSO PART OF WORST-CASE SCENARIO PLANNING - EU SOURCES - RTRS
• SUSPENSION OF SCHENGEN ALSO DISCUSSED

In other words, that money you thought you had... You don't really have it. We can only hope this message was not meant to restore confidence and prevent future bank runs. Because if Europe wanted a continental bank run, it may have just gotten one. This is getting scary very fast.

The Spanish Bailout Explained With One Image

http://albertpeia.com/suicidegun.jpg

Rajoy: Pain in Spain to deepen despite bank rescue AP

Farage On The Spanish Bailout: "A Reinforcement Of Failure"

Submitted by Tyler Durden on 06/10/2012 http://albertpeia.com/reinforcementoffailure.htm

The Economic Collapse Is Not A Single Event

http://albertpeia.com/economiccollapsenotsingleevent.htm

The Economic Collapse Is Not A Single Event

http://albertpeia.com/economiccollapsenotsingleevent.htm

Farage On The Spanish Bailout: "A Reinforcement Of Failure"

Submitted by Tyler Durden on 06/10/2012 http://albertpeia.com/reinforcementoffailure.htm

6-11-12 DYSPHORIA: Dow spooked over 'Spailout,' drops 143 points...

NET WORTH OF AMERICAN FAMILY FALLS 40% IN 3 YEARS...
HOUSE SETS CONTEMPT VOTE ON HOLDER...
BOEHNER: 'Justice Department out of excuses'...
Issa expects 31 Dems to join...
FLA TO SUE FEDS OVER VOTER PURGE

REPORT: ITALIAN BANK DECLARES 'HOLIDAY'...

Bernanke Bonds: Fed's Holdings of US Debt Soars 452% under Obama...
Eurozone agrees to lend Spain up to $50 billion $125 billion...

WATCHING YOU

Obama campaign's data mining 'reaches far beyond anything politics has ever seen'...

'Obama Girl' won't endorse Obama!

KARZAI COMPLAINS: US failed to consult Afghans on airstrike...
Veiled suicide bomber kills 4 soldiers...

'Canadian cannibal' sent videos to 'fans'...
Did he strike in Miami, too?

For election favor, Obama looks to Merkel, again...
Seeks to woo Hispanics...
Lanny Davis: Vicious People Working For President...

WITNESS: 'I was his girlfriend'...
'Victim No. 4 describes 'soap battles'... { The defense: just a frolicking, cornholin’, fun-loving man-child; that sweet sandy was! Riiiiight! }

U.S. CANNIBAL UPDATES:

'Zombie Bullets' In High Demand Following Cannibal Attacks...
COPS: Attacker bit off large chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat Cop...
'Growled, opened and closed his jaw'...
Woman bites wig shop owner’s bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby who unlike hoodie trayvon martin killed in self-defense (from niggers) was not a thief and was totally innocent? The tragic outcomes for ignoring the threat of the uncivilized niggers! }

http://albertpeia.com/blackonbrowncrime.htm

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

6-8-12 Dave’s Daily: http://www.etfdigest.com MARKETS RALLY ON LIGHT VOLUME 6-8-12 ‘Markets started the day off weakly then rallied late because…wait for it, Spain is rumored to be willing to ask for help, and Obama said European leaders face an “urgent need to act”. No, you can’t make this kind of stuff up. His statement is about as effective as a Kofi Annan Syrian peace plan. Search as I may, there seems to be little hard news to explain Friday’s rally…’ , The U.S. Economy By The Numbers: 70 Facts That Barack Obama Does Not Want You To See http://albertpeia.com/70badfactsaboutuseconomy.htm , Hollywood trip marks Obama's 150th fundraiser President Obama Vacations. [VIDEO] | Most Watched Today | The ... http://www.mostwatchedtoday.com/president-obama-vacations It seems like every week president Barack Obama is on another vacation or playing games. When does he plan to start fixing things here in the United States? { Between fundraisers and vacations, did he expect the nation to miraculously mend itself? Did he forget all his campaign promises? (Short answer: yes – longer answer: that was just part of his con / grift). The audacity in light of the foregoing for him in this election year to blame everyone else for his b***s***/unequivocally failed tenure as president. Note the last minute election-year desperation of wobama finger-pointing, etc.. Then there’s moochell obama… ‘Expensive massages, top shelf vodka and five-star hotels: First Lady accused of spending $10m in public money on her vacations’ By Daily Mail Reporter Read more: http://www.dailymail.co.uk/news/article-2029615/Michelle-Obama-accused-spending-10m-public-money-vacations.html#ixzz1xGRC32Vk ( What grifters/cons the wobamas are! They should be ridden out on a rail! ) } http://albertpeia.com/heavilyvacationedatgreatcosttonation.htm , Biderman: "We Are In The First Quarter Of The Next Recession"

Market Is More Fragile Now Than Pre-Lehman The significant rise in global systemic risk that occurred in 2008 remained until mid 2010 when it began to subside a little as Jackson Hole and QE2 seemed to allay fears somewhat. However, in the last year or so, BofA's market fragility index has soared higher alarmingly signaling higher systemic risks than in the peak pre-Lehman era. This confirms the massively elevated signal for global systemic risk that credit markets are also sending.

Brodsky On "Gold Monetization And The Big Reset" , JPM Tries To Explain Why The Bailout Train In Spain Will Lead To Much More Pain , A Game Of Euro Chicken From The German Perspective: "Playing Until the Germans Lose Their Nerve" "The next stage in the crisis will be blatant blackmail.... With their refusal to accept money from the bailout fund to recapitalize their banks, the Spanish are not far from causing the entire system to explode. They clearly figure that the Germans will lose their nerve and agree to rehabilitate their banks for them without demanding any guarantee in return that things will take a lasting turn for the better."

U.N. could tax U.S.-based Web sites, leaked docs show

CNet News | The United Nations is considering a new Internet tax targeting the largest Web content providers. Drudgereport: REPORT: UN to take up 'global Internet tax' proposal … [ It is unfathomable that anyone takes such a failed organization as the u.n. seriously; they’re a costly, extravagant, waste of money! Any costs so leveyed should be deducted from dues foolishly and wastefully paid to the u.n.. Time to abolish the u.n.! ] ... { The UN Wants Complete Control Over The Internet And That Would Mean Unprecedented Censorship, Taxes And Surveillance http://albertpeia.com/unwantscontrolofinternetforcensorshiptaxessurveillance.htm }

End of Peak Oil: 200-Year Supply Of Oil In One Single Shale Formation

A.M. Freyed | There’s plenty of oil, and even the global elites can’t hide it anymore. The United States Has Plenty Of Oil: 10 Facts About America's Energy Resources That Will Blow Your Mind http://endoftheamericandream.com http://albertpeia.com/10factsaboutamericanenergyresources.htm [ Well, first off, since we’re only talking decades at best, I agree the alarmist propaganda is all for naught. Yet, make no mistake, those who equate shale oil, deep water oil, etc., with that close to the surface, easily recovered, ie., sweet crude, are as misguided. It’s kind of like that ‘asteroid mining’ that’s ‘become the rage’. Firstly, in hollywood (oh yeah, we’ve seen them digitally land on asteroids, planets as in Avatar, etc., with ease and without a hitch), they don’t keep books the way other businesses do, at least on the creative end, viz., ie., Cameron. And, what do you expect a former pilot to say, etc.? As an example of ‘fuel price makes a difference’, anyone who thinks american airlines among others went bankrupt because they’re so horribly managed or because they felt like strategically avoiding their debt would be mistaken. For airlines it’s all about fuel costs and load factors, capital intensive that they are, and pennies literally do make a difference. Costs of extraction make a difference. Oh sure, there’s loads of oil. It’s all about the costs of getting it. Peak oil really has been reached in terms of ‘easy pickins’. Some even argue/document persuasively that current reserves of the ‘easy pickins’ are over-stated. ]

Hollywood trip marks Obama's 150th fundraiser President Obama Vacations. [VIDEO] | Most Watched Today | The ... http://www.mostwatchedtoday.com/president-obama-vacations It seems like every week president Barack Obama is on another vacation or playing games. When does he plan to start fixing things here in the United States? { Between fundraisers and vacations, did he expect the nation to miraculously mend itself? Did he forget all his campaign promises? (Short answer: yes – longer answer: that was just part of his con / grift). The audacity in light of the foregoing for him in this election year to blame everyone else for his b***s***/unequivocally failed tenure as president. Note the last minute election-year desperation of wobama finger-pointing, etc.. Then there’s moochell obama… ‘Expensive massages, top shelf vodka and five-star hotels: First Lady accused of spending $10m in public money on her vacations’ By Daily Mail Reporter Read more: http://www.dailymail.co.uk/news/article-2029615/Michelle-Obama-accused-spending-10m-public-money-vacations.html#ixzz1xGRC32Vk ( What grifters/cons the wobamas are! They should be ridden out on a rail! ) } http://albertpeia.com/heavilyvacationedatgreatcosttonation.htm

Biderman: "We Are In The First Quarter Of The Next Recession"

Submitted by Tyler Durden on 06/08/2012

Rick Davis of The Consumer Metrics Institute plays Clark Kent to Charles Biderman's Superman as the two dig into the latest GDP data. Critically, they break down the components and using inflation levels (CPI-U or The BPP) that make some sense Davis and Biderman are "really worried" that the real economy appears to be in a contractionary state if inflation is adjusted for correctly. Even the anemic BEA's 1.88% growth rate is 'very very poor' for an economy that is supposed to be 3 years into a recovery. The per-capita income (the money available to all households to spend) actually shrank - even using the BEA's inflation data. This juxtaposes shrinking household disposable income with a real economy supposedly growing (though slowly) which was driven almost exclusively by consumer spending - leaving Davis and Biderman questioning 'where this money is coming from?'. The simple answer is the savings rate has plunged, freeing up over $200bn in annual spending (and student loans have added another $100bn, refis $50bn, and strategic defaults $80bn) - all unsustainable one-time increases. Spending is not coming from income. Davis concludes that the BEA is notoriously bad at calling turning points (only getting the Great Recession 'direction' correct after 16 months and magnitude after 40 months) - leaving him of the opinion that we may well be in the first quarter of the next recession.

The U.S. Economy By The Numbers: 70 Facts That Barack Obama Does Not Want You To See

http://albertpeia.com/70badfactsaboutuseconomy.htm

‘Why is the economy going to collapse?  Have you ever been asked that question?  If so, what did you say?  Sometimes it is difficult to communicate dozens of complicated economic and financial concepts in a package that the average person on the street can easily digest.  It can be very frustrating to know that something is true but not be able to explain it clearly to someone else.  Hopefully many of you out there will find the list below useful.  It is a list of 70 numbers that show why we are headed for a national economic nightmare.  So why does the title of the article single out Barack Obama?  Well, it is because right now he is the biggest cheerleader for the economy.  He is attempting to convince all of us that everything is just fine and that the economy is heading in a positive direction.  Well, the truth is that everything is not fine and things are about to get a whole lot worse.  Certainly others should share in the blame as well.  Congress has been steering the economy in the wrong direction for decades, the "too big to fail" banks have turned Wall Street into a pyramid of risk, leverage and debt, and the Federal Reserve has more power over the financial system than anyone else does.  Our economy has been in decline for quite a while now, and soon we are going to smash directly into an economic brick wall.  Unfortunately, a lot of Americans are in denial about this.  A lot of people out there doubt that an economic collapse is coming.  Well, if you know someone that believes that the U.S. economy is going to be "just fine", just show them the list below.

The following are 70 facts that Barack Obama does not want you to see....

$3.59 - When Barack Obama entered the White House, the average price of a gallon of gasoline was $1.85.  Today, it is $3.59.

22 - It is hard to believe, but today the poverty rate for children living in the United States is a whopping 22 percent.

23 - According to U.S. Representative Betty Sutton, an average of 23 manufacturing facilities permanently shut down in the United States every single day during 2010.

30 - Back in 2007, about 10 percent of all unemployed Americans had been out of work for 52 weeks or longer.  Today, that number is above 30 percent.

32 - The amount of money that the federal government gives directly to Americans has increased by 32 percent since Barack Obama entered the White House.

35 - U.S. housing prices are now down a total of 35 percent from the peak of the housing bubble.

40 - The official U.S. unemployment rate has been above 8 percent for 40 months in a row.

42 - According to one survey, 42 percent of all American workers are currently living paycheck to paycheck.

48 - Shockingly, at this point 48 percent of all Americans are either considered to be "low income" or are living in poverty.

49 - Today, an astounding 49.1 percent of all Americans live in a home where at least one person receives benefits from the government.

53 - Last year, an astounding 53 percent of all U.S. college graduates under the age of 25 were either unemployed or underemployed.

60 - According to a recent Gallup poll, only 60 percent of all Americans say that they have enough money to live comfortably.

61 - At this point the Federal Reserve is essentially monetizing much of the U.S. national debt.  For example, the Federal Reserve bought up approximately 61 percent of all government debt issued by the U.S. Treasury Department during 2011.

63 - One recent survey found that 63 percent of all Americans believe that the U.S. economic model is broken.

71 - Today, 71 percent of all small business owners believe that the U.S. economy is still in a recession.

80 - Americans buy 80 percent of the pain pills sold on the entire globe each year.

81 - Credit card debt among Americans in the 25 to 34 year old age bracket has risen by 81 percent since 1989.

85 - 85 percent of all artificial Christmas trees are made in China.

86 - According to one survey, 86 percent of Americans workers in their sixties say that they will continue working past their 65th birthday.

90 - In the United States today, the wealthiest one percent of all Americans have a greater net worth than the bottom 90 percent combined.

93 - The United States now ranks 93rd in the world in income inequality.

95 - The middle class continues to shrink - 95 percent of the jobs lost during the last recession were middle class jobs.

107 - Each year, the average American must work 107 days just to make enough money to pay local, state and federal taxes.

350 - The average CEO now makes approximately 350 times as much as the average American worker makes.

400 - According to Forbes, the 400 wealthiest Americans have more wealth than the bottom 150 million Americans combined.

$500 - In some areas of Detroit, Michigan you can buy a three bedroom home for just $500.

627 - In 2010, China produced 627 million metric tons of steel.  The United States only produced 80 million metric tons of steel.

877 - 20,000 workers recently applied for just 877 jobs at a Hyundai plant in Montgomery, Alabama.

900 - Auto parts exports from China to the United States have increased by more than 900 percent since the year 2000.

$1580 - When Barack Obama first took office, an ounce of gold was going for about $850.  Today an ounce of gold costs more than $1580 an ounce.

1700 - Consumer debt in America has risen by a whopping 1700% since 1971.

2016 - It is being projected that the Chinese economy will be larger than the U.S. economy by the year 2016.

$4155 - The average American household spent a staggering $4,155 on gasoline during 2011.

$4300 - The amount by which real median household income has declined since Barack Obama entered the White House.

$6000 - If you can believe it, the median price of a home in Detroit is now just $6000.

$10,000 - According to the Employee Benefit Research Institute, 46 percent of all American workers have less than $10,000 saved for retirement, and 29 percent of all American workers have less than $1,000 saved for retirement.

49,000 - In 2011, our trade deficit with China was more than 49,000 times larger than it was back in 1985.

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

56,000 - The United States has lost more than 56,000 manufacturing facilities since 2001.

$85,000 - According to the New York Times, a Jeep Grand Cherokee that costs $27,490 in the United States costs about $85,000 in China thanks to all the tariffs.

$175,587 - The Obama administration spent $175,587 to find out if cocaine causes Japanese quail to engage in sexually risky behavior.

$328,404 - Over the next 75 years, Medicare is facing unfunded liabilities of more than 38 trillion dollars.  That comes to $328,404 for each and every household in the United States.

$361,330 - This is what the average banker in New York City made in 2010.

440,00 - If the federal government began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it would take over 440,000 years to totally pay it off.

500,000 - According to the Economic Policy Institute, America is losing half a million jobs to China every single year.

2,000,000 - Family farms are being systematically wiped out of existence in the United States.  According to the U.S. Department of Agriculture, the number of farms in the United States has fallen from about 6.8 million in 1935 to only about 2 million today.

$2,000,000 - At this point, the U.S. national debt is rising by more than 2 million dollars every single minute.

2,600,000 - In 2010, 2.6 million more Americans fell into poverty.  That was the largest increase that we have seen since the U.S. government began keeping statistics on this back in 1959.

5,400,000 - When Barack Obama first took office there were 2.7 million long-term unemployed Americans.  Today there are twice as many.

16,000,000 - It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.

$20,000,000 - The amount of money the U.S. government was spending to create a version of Sesame Street for children in Pakistan.

25,000,000 - Today, approximately 25 million American adults are living with their parents.

40,000,000 - According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades if current trends continue.

46,405,204 - The number of Americans currently on food stamps.  When Barack Obama first entered the White House there were only 32 million Americans on food stamps.

88,000,000 - Today there are more than 88 million working age Americans that are not employed and that are not looking for employment.  That is an all-time record high.

100,000,000 - Overall, there are more than 100 million working age Americans that do not currently have jobs.

$150,000,000 - This is approximately the amount of money that the Obama administration and the U.S. Congress are stealing from future generations of Americans every single hour.

$2,000,000,000 - The amount of money that JP Morgan has admitted that it will lose from derivatives trades gone bad.  Many analysts are convinced that the real number will actually end up being much higher.

$147,000,000,000 - In the U.S., medical costs related to obesity are estimated to be approximately 147 billion dollars a year.

295,500,000,000 - Our trade deficit with China in 2011 was $295.5 billion.  That was the largest trade deficit that one country has had with another country in the history of the planet.

$359,100,000,000 - During the first quarter of 2012, U.S. public debt rose by 359.1 billion dollars.  U.S. GDP only rose by 142.4 billion dollars.

$454,000,000,000 - During fiscal 2011, the U.S. government spent over 454 billion dollars just on interest on the national debt.

$1,000,000,000,000 - The total amount of student loan debt in the United States recently surpassed the one trillion dollar mark.

$1,170,000,000,000 - China now holds approximately 1.17 trillion dollars of U.S. government debt.  Yet the U.S. government continues to send them millions of dollars in foreign aid every year.

$1,600,000,000,000 - The amount that has been added to the U.S. national debt since the Republicans took control of the U.S. House of Representatives.  This is more than the first 97 Congresses added to the national debt combined.

$5,000,000,000,000 - The U.S. national debt has risen by more than 5 trillion dollars since the day that Barack Obama first took office.  In a little more than 3 years Obama has added more to the national debt than the first 41 presidents combined.

$5,000,000,000,000 - What the real U.S. budget deficit in 2011 would have been if the federal government had used generally accepted accounting principles.

$11,440,000,000,000 - The total amount of consumer debt in the United States.

$15,734,596,578,458.59 - The U.S. national debt as of June 7, 2012.

$200,000,000,000,000 - Today, the 9 largest banks in the United States have a total of more than 200 trillion dollars of exposure to derivatives.  When the derivatives market completely collapses there won't be enough money in the entire world to fix it.’

Drudgereport: UPDATE: S&P keeps US rating unchanged, outlook 'negative'...
Obama Backs Off Comment 'Private Sector Is Doing Fine'...

IT'S BAD

Don Rickles Shocks Hollywood Crowd with Obama Jokes...
'He was over to the house yesterday, but the mop broke’ {I think Don Rickles may be exaggerating a bit because obama is strictly a lawn jockey}'

DETROIT 'BROKE IN 1 WEEK'...

Argentina loses third of its dollar deposits...
...foreign exchange restrictions

'FACEBOOK Funds' Plunge...
UBS May Have Trading Loss of $350 Million...

REPORT: UN to take up 'global Internet tax' proposal … [ It is unfathomable that anyone takes such a failed organization as the u.n. seriously; they’re a costly, extravagant, waste of money! Any costs so leveyed should be deducted from dues foolishly and wastefully paid to the u.n.. Time to abolish the u.n.! ] ...

REPORT: High school cancels Hollywood producer's grad speech over 'right-wing' views...

U.S. CANNIBAL UPDATES: http://albertpeia.com/fineblackuscannibals.htm

'Zombie Bullets' In High Demand Following Cannibal Attacks...
COPS: Attacker bit off large chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat Cop...
'Growled, opened and closed his jaw'...
Woman bites wig shop owner’s bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby who unlike hoodie trayvon martin killed in self-defense (from niggers) was not a thief and was totally innocent? The tragic outcomes for ignoring the threat of the uncivilized niggers! }

http://albertpeia.com/blackonbrowncrime.htm

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

Guest Post: God Don't Save The Queen { You know, I recently have become somewhat bored of the topic ‘jolly old england’ despite their glaring failure across the board, and a noisome intrusiveness as here, for me, ie., orange street, conn. ( http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) , etc., and all the negatives entailed therewith; yet, there’s something so nauseating about that cloyingly bothersome nothingness that bespeaks old england, that ‘go along, get along and pretend’, that I include the following from Zerohedge.com that’s accurate, fair comment. } "Crowds Cheer Queen On Last Day of Jubilee" So ran the headline from Time.  Yesterday marked the end of the “Diamond Jubilee” of Queen Elizabeth II of the British monarchy.  The four day celebration was is honor of her ascendancy to the throne sixty years ago. Monarchies are supposed to be antithetical to freedom.  Under feudalistic monarchism, the notion of personal liberty took a backseat to loyalty to the king.  Those who weren’t part of or close to the nobility were referred to as subjects.  These peasants were to serve without question. Today, the only difference between the systematic malfeasance and plunder that existed under the rule of monarchs and that which defines the state is the ballot box.  Voters in a sense get to choose a small portion of their rulers.  This gives them the mirage of freedom when the nation-state they inhabit is no less than a contemporary field of serfdom lorded over by kings.  Too much of the public still behaves with the mindset of servants.  They are pathetically docile to those who hold the keys of their shackles.   What the celebration of Queen Elizabeth’s sixty year rule showed is that the people of Great Britain never really escaped from monarchy. See also, http://albertpeia.com/esotericagenda.flv , David Takes On The Porn-Addicted Goliath: Egan-Jones Countersues The SEC A month and a half after the SEC took a much-deserved break from watching taxpayer-funded pornography, and stumbled on the scene with its latest pathetic attempt to scapegoat someone, anyone, for its years of gross incompetence, corruption, and inability to prosecute any of the true perpetrators for an event that wiped out tens of trillions in US wealth, by suing Egan-Jones for "improperly" filing their NRSRO application in what was a glaring attempt to shut them up, the only rating agency with any credibility has done what nobody else in the history of modern crony capitalist-cum-socialist America has dared to do: fight back. We have only three words for Sean Egan: ‘For the Win!’ , Systemic Risk For Dummies Following the success of the "Dummies Guide To Europe's Problems" and the "Global Economic Collapse For Dummies", we present "Systemic Risk For Dummies". With global systemic risk at March 2009 highs and nearing November 2011 all-time peak levels, perhaps it is worth considering just what it is that all this TBTF-saving money-printing has achieved? , Consumer Credit Misses, As Fed Magically Creates $1.5 Trillion In Net Worth Out Of Thin Air

The Criminal Banking Cartel's End Game: A 100% Digital Monetary System

Posted by: smartknowledgeu Post date: 06/07/2012 The end game of this global monetary crisis is the imposition of a 100% digital monetary system that would permanently end what little economic freedoms we still retain today. Educate. Resist. Fight... http://albertpeia.com/criminalcartel.htm { I agree with the thrust of this article which I’ve yet to read in full; if only to emphasize that with a mouse click/button/keystroke/enter you could easily be separated from your money/wealth which is a formidable intimidating threat consistent with planned subservience (and also facilitating manipulated fraud, etc.). And, don’t think they wouldn’t do it, meaningless, arbitrarily enforced laws notwithstanding. Don’t forget; government slugs all have the same employer. I experienced the corruption first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/americangovernmentdrugtrafficking.htm
http://albertpeia.com/americascorruptiondrugtrade.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

Can You Answer 25 Difficult Questions That The Mainstream Media Does Not Seem To Have Answers To? http://albertpeia.com/25questionsmainstreammedianoanswers.htm , The US Labor Market Is In A Full-Blown Depression

'Failure': Romney slams Obama on economy Mitt Romney called President Barack Obama's handling of the economy a "moral failure of tragic proportions," suggesting he's failed the American people by enacting policies that have been "muddled, confused and simply ineffective." Speaking at a campaign event in St. Louis, the Republican nominee said it is "painfully obvious" that Obama was "inexperienced" and "simply [...] { Come on! This is really so blatantly true; and, what could have been expected with 150 fundraisers plus more vacations than any predecessor, aside from photo ops and teleprompted b***s*** sessions to hear himself talk, as with wobama himself, there’s been nothing of substance! IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES (Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT (Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United States of America while Barack Obama is President.  The evidence is overwhelming:  everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed.  Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each.  Nearly 2-1/2 million fewer Americans have jobs than before the stimulus. Barack Obama has been President for 30 months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.  He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW.  His broken campaign promises are too numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD-BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE! }

Drudgerept:ROMNEY AHEAD IN MICHIGAN/Unemployment in Greece 22%./CANNIBAL UPDATES
SPAIN: SAVE OUR BANKS OR BREAK EURO...
Germany Finalizing Face-Saving Deal...
Long lines at pharmacies in Greece...
France cuts retirement age -- TO 60...
US blamed for on-going massacre in Syria...

Holder Claims Emails Using Words 'Fast and Furious' Don't Refer to Operation 'Fast and Furious'...
REPORT: 'Mole' inside DOJ...

HALPERIN: DEMS NOW BELIEVE OBAMA COULD LOSE { Duh! Truth be told, as I’ve already told it on my website, that is ‘fait accomplis’! }

ROMNEY CASH HAUL TOPS OBAMA...
'Gender gap' narrows...
SHOCK POLL: ROMNEY AHEAD IN MICHIGAN { This should come as no surprise inasmuch as Michigan has suffered under the hapless wobama while becoming blacker with all the negatives entailed therewith. Michigan’s prospects along with the suffering rust belt as with the rest of the nation will only be enhanced by Romney’s Presidency! } ...

Black Rock: 'We Ignore the President's Whiteness, But It's There' { This election, wobama’s blackness won’t be ignored! } ...
PELOSI: Health law represents 'life, liberty and pursuit of her’s and wobama’s happiness'...
POLL: Large majority want Supreme Court to overturn...

Bill Clinton 'very sorry' for saying Bush tax cuts should be extended...

UPDATE: Senator Demands Inquiry Into Attacks on Conservative Commentators...

U.S. CANNIBAL UPDATES:

'Zombie Bullets' In High Demand Following Cannibal Attacks...
COPS: Attacker bit off large chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat Cop...
'Growled, opened and closed his jaw'...
Woman bites wig shop owner’s bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby who unlike hoodie trayvon martin killed in self-defense (from niggers) was not a thief and was totally innocent? The tragic outcomes for ignoring the threat of the uncivilized niggers! }

http://albertpeia.com/blackonbrowncrime.htm

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

CANNIBAL UPDATES: CRUISED MIAMI IN 2010?

COPS: Canadian cannibal on run in France -- dressed as woman...

CANNIBAL CAPTURED IN BERLIN...
Arrested at Internet cafe -- looking up stories on himself!
Shady, Master of Disguise...

{ U.S. Cannibal Update }: Maryland cannibal ranted on FACEBOOK...

REPORT: Woman viciously beaten at MCDONALD'S drive-thru...
'This is for you, you white b***ch! This is a grape soda!' { The description of the suspects - two black women and one black man - is vague. The best clue police have to go on right now is they were driving a light-blue Cadillac with temporary tags. }

HORROR: Mob of 20 'hooded blacks' storm UK pub, drag man out, stab him to death...
Half of Florida high school students fail reading test...
COPS: 19-year-old white student beaten by two separate black gangs...

Dershowitz: Zimmerman acted in self-defense. so drop murder charge...

The reality is that blacks are an insoluble problem wherever they are. That’s not going to ever change; not make-shift/make-work jobs; not programs; not anything tried or to be tried; hence, they must be treated as exactly that – problems – before a solution can be derived and fashioned. ] [ Send the niggers, including niggerbama back to sub-saharan africa! ]

Dave’s Daily: http://www.etfdigest.com BIG WEDNESDAY SHORT SQUEEZE 6-6-12 ‘There wasn’t much in the way of “hard news” to account for Wednesday’s large stock market rally … Fisher’s (Dallas Fed President & non-voting member) speech which was little noted but struck a nerve nonetheless with yours truly: “And there is a growing sense that we are unwittingly, or worse, deliberately, monetizing the wayward ways of Congress. I believe that were we to go down the path to further accommodation at his juncture, we would not simply be pushing on a string (in other words, futile) but would be viewed as an accomplice to the mischief (corruption, fraud, incompetence, malfeasance, etc.) that has become synonymous with Washington.”, Morgan Stanley Sees QE3 Rally Lasting Hours Not Weeks Zerohedge.com Tyler Durden , Form Worst To First - S&P Has Best Day Of 2012 Shortly After Worst , On Capital Markets, Confidence Tricks, And Criminals ‘…examples of common street scams around the world. The comparisons he makes to recent events in the capital markets are fairly obvious, whether they be failed IPOs or the strategies used by weaker sovereign nations to negotiate with stronger ones.  The point here is not to call out anyone as inherent ‘Criminal.’  There are plenty of laws – and diligent regulators - surrounding the capital markets, after all.  Rather, the examples here are simply a lens that allows us to examine the nuances of human behavior with greater understanding. As the old saying goes, 'The proper study of mankind is man.'  Even when it is a con man…’ , Guest Post: America's "Do As I Say, Not As I Do" Warfare The state purports to represent the people when all it does is leech off their labor in order to commit crimes at home and abroad.  Under the auspices of keeping democracy safe around the world, the foreign policy of the U.S. government has been one of bombing, killing, and overall domination.  Meanwhile, anti-American sentiment continues to spread by instances such as the C.I.A. targeting civilian responders to drone strikes who attempt to aid those who were attacked.  In some cases, the C.I.A. even launches drone attacks at the mourners in funerals held for those in earlier strikes. These are the measures under which the American people are told they are being kept safe.  What would be constituted as war by any other nation is not so when carried out by the U.S. government.  But it’s all just another facade through which Washington pretends to serve the people when in reality it puts them in even more danger. , Guest Post: Brainwashing Starts With This Two-Letter Word , Hot-Tip From Convicted Ponzi Master: "Join My Ponzi: It Is Better Than The Fed's"

Fed's Beige Book Is Out Submitted by Tyler Durden on 06/06/2012

Everyone will be scouring for apocalyptic suggestions (need.moar.NEW Kew - EEE) in the following...

• FED SAYS `HIRING WAS STEADY OR SHOWED A MODEST INCREASE'
• FED SAYS ECONOMY EXPANDED AT `MODERATE PACE' LAST MONTH
• FED SAYS `AUTOMOBILE SALES GENERALLY REMAINED STRONG'
• FED: `CONTACTS WERE SLIGHTLY MORE GUARDED IN THEIR OPTIMISM'
• FED SAYS `INFLATION REMAINED MODEST ACROSS DISTRICTS'
• FED SAYS MANUFACTURING EXPANDED, CONSUMER SPENDING WAS STEADY
• FED ECONOMIC SURVEY COVERS PERIOD FROM LATE APRIL UNTIL MAY 25
• FED SAYS DEMAND WAS STRONGEST IN AUTO AND STEEL MANUFACTURING

The US Labor Market Is In A Full-Blown Depression ‘Now that stocks are back to reflecting nothing more than expectations of how many times the Chairsatan dilutes the existing monetary base in a carbon copy replica of not only 2011 but also 2010... and 2009 (because contrary to what purists may believe, the only way to inflate away unsustainable debt in a growth-free economy is by destroying the currency), and manic pattern chasers have crawled out of their holes proclaiming the death of the bear market after a two day bounce, what is happening in the actual economy, no longer reflected by the market, has once again been pulled back to the backburner. Which is sad, because while ever fewer people reap the benefits of artificial, centrally-planned S&P rallies, the rest of the population suffers, and what is worse: hope for a quiet, middle-class life is now an endangered species. Nowhere is this more evident than in the following list from David Rosenberg which summarizes how, quietly, the US labor force slipped back into a full-blown depression.

One Sick Labor Market

There were so many disturbing elements to the May jobs data that we're not sure we can do justice to the litany of disappointments (with some help from our friends at the Investor's Business Daily):

• The share of long-term unemployment is at its highest level since the Great Depression (42%).
• Fully 54% of college degree graduates under the age of 25 are either unemployed or underemployed.
• 45 million Americans are on food stamps — one in seven residents.
• 47% of Americans are on some form of government assistance.
• The employment-to-population ratio for 25-54 year olds is now 75.7%, lower than it was when the recession supposedly ended in June 2009.
• The number of people not in the labour force has swelled eight million since the recession ended; absent that effect, the unemployment rate would be 12% right now (about the same as President Obama's election chances would be).
• The number of people confident enough to leave their jobs fell 11% in May
  for the second month in a row to 891k, the lowest since November 2010.
• The ranks of the unemployed who have been looking fruitlessly for work for at least 27 weeks jumped 310k in May, the sharpest increase since May 2011.
• The unemployment rate for males aged 16-19 is 27% and for males between 20 and 24 it is 13%. Draw your own conclusions from a social (in)stability standpoint.
• One in seven Americans are either unemployed or underemployed.
• Only one in six of the youth are working full-time and three-in-five are living with their folks or another relative (as per the NYT).
• A mere 16% of the 2009-2011 graduating class has found full-time work, while 22% are working part-time. Even those hired from 2006-08, just 23% are working full-time.
• According to a poll cited in the NYT, just 14% of high-school grads today believe they will have a more successful financial future than their parents Line of the day, as depressing as it is, comes from an 18-year old: "Thank God I had a buddy at Burger King who could help me out". Fast-food has emerged as the fast-growing industry in a country once led by technology. Even tech now is fuelled more by companies that produce nifty consumer gadgets and feed our narcissistic needs than those who focus on improving the nation's capital stock which is the ultimate trailblazer for productivity growth and durable gains in our standard-of-living.’

10 Signs That The Highways Of America Are Being Transformed Into A High Tech Prison Grid

http://albertpeia.com/10signsamericanhighwaysnowhightechprisongrid.htm

GREECE RUNNING OUT OF CASH

France cuts retirement age -- TO 60...
Germany Finalizing Face-Saving Deal for Spain...

UH O...
WALKER WINS [AGAIN]...
'RECALL' DEFEAT SPELLS DOOM FOR PUBLIC SECTOR UNIONS...
Voters in California Back Pension Cuts for City Workers...
ROMNEY: 'TONIGHT'S RESULTS WILL ECHO BEYOND BORDERS OF WISCONSIN'...
'PULITZER' NEWSPAPER MOCKS DRUDGE FOR INFORMING READERS...
MEDIA BLOWS IT...
'Kill Scott Walker': Angry libs flood TWITTER...
WASHPOST: 7-point victory 'close vote'...

Pelosi: Ghosts of past women leaders spoke at White House meeting...

Stocks rise on hopes of new Fed pumping...
'Very Worried' About EU Banks...

Debt Per American Set to Triple in a Generation to $147,000...
CLINTON: USA Already in 'Recession,' Extend Bush Tax Cuts...
WHITE HOUSE: Nope...
BUBBA: 'I didn't have any idea' undermining Obama's campaign message...

VANITY FAIR: 'HE DOESN'T NEED PEOPLE'... Four years ago, Barack Obama said he wanted a Lincoln-esque “team of rivals” in his Cabinet. Thanks to his own temperament, the modern White House, and the 24-hour news cycle, what the president has created is something that doesn’t look Lincoln-esque at all. { Come on! Does anyone at this point take anything wobama the b for b***s*** says, past or present, seriously? He’s total b***s***, end of story! }
U.S. CANNIBAL UPDATES:

COPS: Attacker bit off large chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat Cop...
'Growled, opened and closed his jaw'...
Woman bites wig shop owner’s bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby who unlike hoodie trayvon martin killed in self-defense (from niggers) was not a thief and was totally innocent? The tragic outcomes for ignoring the threat of the uncivilized niggers! }

http://albertpeia.com/blackonbrowncrime.htm

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

CANNIBAL UPDATES: CRUISED MIAMI IN 2010?

US Non-Manufacturing ISM Beats Modestly As Employment Index Tumbles To Year Lows Zerohedge.com , Ignore the Rumors… Central Banks Are Pulling Back… Guess What Comes Next? http://albertpeia.com/centralbankspullingbacksoignorerumors.htm , The CBO Will Need A Bigger Chart To Forecast Exponentially-Rising US Debt , America In Decline: The Soul Crushing Despair Of Lowered Expectations http://albertpeia.com/americaindeclineandloweredexpectations.htm , , Steve Liesman's Modest Proposal: America Must Bail Out Europe { Riiiiight! What a dumb thing to say … after all, Who’s going to bail out the US, who’s going to clean up the mess they call US - The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … } ,

21 Signs That This Could Be A Long, Hot, Crazy Summer For The Global Financial System http://albertpeia.com/21signsbadsummerforglobalfinancialsystem.htm , The EU’s Systemic Risk: Why This Time IS Different http://albertpeia.com/eusystemicrisk.htm , The Bad Jobs Report Is Just A Very Small Taste Of The Nightmare That Is Coming http://albertpeia.com/badjobsreportsmalltasteofcomingnightmare.htm , "The End Game: 2012 And 2013 Will Usher In The End" - The Scariest Presentation Ever? http://albertpeia.com/endgamecollapse.htm , Biderman: "Everyone Is Now A Seller Of US Stocks" ZeroHedge.com Submitted by Tyler Durden on 05/31/2012 http://albertpeia.com/everyonenowasellerofusstocks.htm , Albert Edwards Has Some Words Of Discouragement: Welcome To S&P 500 Hell "Expect the S&P500 to decline decisively below its March 2009, 666 intraday low. All hope will be crushed." http://albertpeia.com/sp500todeclinebelow666.htm , Guest Post: Uncle Sam Admits Monitoring You For These 377 Words http://albertpeia.com/usdhsadmitsmonitoringyouforthese377words.htm , MARKETS RISE ON STIMULUS HOPES ‘…the ultimate Ponzi Scheme…‘ , ALGOS FEAST ON RUMORS 5-24-12 ‘The overall news continues to be dreadful…’ http://albertpeia.com/dave.htm , The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm { Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm } America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … Suckers’ rally into the close off lows to keep the fraud rollin’ as in previous session, Dave Fry/Dave’s Daily: Timing is Everything vs. Seductive Hype 5-23-12 { Yes, Dave; indeed that’s true, timing is everything, certainly in stock market investing.: http://albertpeia.com/dave.htm }

Ignore the Rumors… Central Banks Are Pulling Back… Guess What Comes Next? June 5, 2012 By gpc1981

http://albertpeia.com/centralbankspullingbacksoignorerumors.htm

America In Decline: The Soul Crushing Despair Of Lowered Expectations

http://albertpeia.com/americaindeclineandloweredexpectations.htm

Why Obama's attacks on Romney's record as governor won't stick Mark it as the least surprising aspect of the election: a $10 million ad buy on behalf of President Barack Obama’s re-election campaign, spread over eight battleground states, that seeks to undercut Mitt Romney’s key claim to the presidency. Romney: Obama sat on GM stake to avoid loss before election

6-5-12 ROMNEY: Obama holding onto shares of GOV'T MOTORS to avoid embarrassment of big losses...
Gov't Down $16B on Bailout...

EXIT POLLS: CLOSE, BUT NO 'RECALL'

WI EXIT POLLS: REMATCH SIMILAR TO ELECTION 2 YEARS AGO, SOURCES TELL DRUDGE... '5 POINT MARGIN'... DEVELOPING...
White House downplaying...
WASH POST: 'Makeup of voters appears very close to original 2010 contest'...
VOTER SHOWDOWN: DEMS CRY FOUL...
Hundreds Report 'Photo ID' Issues...
400 Lawyers At The Ready...
Report: '119%' Voter Turnout in Madison...

'Remember Me? I'm the Only Guy Who Gave You Four Surplus Budgets ( THANKS TO THE PEACE DIVIDEND! PEOPLE MUST GET THAT REALITY/TRUTH THROUGH THEIR WAR-MONGERING SKULLS! )'...
USA Already in 'Recession,' Extend Bush Tax Cuts...
DICK MORRIS: 'He Does Not Want Obama to Win'...

FREEFALL CONTINUES...
FACEBOOK 'worth a look' -- at $20!
MORGAN STANLEY Lending Shares to Sell Short...

Jackson Browne cools on Obama...

6-4-12 EVEN MAUREEN DOWD BEGINS TO TURN

Debt Has Increased More in Last 15 Months Than First 97 Congresses -- Combined!

Obama Gets 'Left' Behind; Libs Turn...
NYT: Weak Economy Points to Obama's Constraints...
Jon Bon Jovi Gets A Ride On Air Force One...
Hispanic unemployment jumps to 11% in US...
S&P down 10% since April...
Japan's Debt Sustains Deflationary Depression...
FACEBOOK 'will disappear'...
Buyers' remorse for California's 'bullet train to nowhere'...

War in White House: Holder and Axelrod 'had to be separated'...

Tokyo Stocks Hit 28-Year Low Amid Global Rout...
CANNIBAL UPDATES: CRUISED MIAMI IN 2010?

COPS: Canadian cannibal on run in France -- dressed as woman...

CANNIBAL CAPTURED IN BERLIN...
Arrested at Internet cafe -- looking up stories on himself!
Shady, Master of Disguise...

{ U.S. Cannibal Update }: Maryland cannibal ranted on FACEBOOK...

Ming Qu and Ying Wu Murder Case: Two arrested in the killings of ... (CBS) LOS ANGELES - Los Angeles police Friday announced the arrests of two suspects in connection with the shooting deaths of two Chinese graduate students who attended the University of Southern California, reports CBS Los Angeles. [ { Yup! Typical lawless, uncivilized niggers! The following comment to the article sums it up: ‘Three blacks shooting two Chinese students. Where is the public outcry and protests? Where are all of those that were screaming injustice when Trayvon Martin was shot?’ }

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]

FUGITIVE CANNIBAL WARNED: I CAN'T STOP KILLING...
Scary digital trail...
Gay White Porn Star Wanted by Interpol...

CANNIBAL STRIKES IN MARYLAND... { Yes, another black cannibal; with ties to wobama’s home country of Kenya, Sub-Saharan Africa. }
SHOCK DETAILS...

South Beach Cannibal 'Put Under Voodoo Curse'... {Riiiiight! That voodoo thing made him do it! Oh yeah, that and the evil white man’s bathing salts also the culprit!}
VIDEO SHOWS BIKES RIDING PAST SOUTH BEACH CANNIBAL ATTACK!
MORE GRISLY DETAILS...
'BATH SALTS' TRIGGERED SOUTH BEACH CANNIBAL { Riiiight! Fine young black cannibal, driven cannabalistic by bath salts made by those evil white overlords! How 'bout the inherent cannabilistic trait as manifested here; the recurring theme of ‘Roots’, they’ll choose white meat over dark meat every time! http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

Flash Mob of 40 Kids Storm 7-ELEVEN over Free Slurpee Promotion, Beat Manager, Raid Shelves...

REPORT: Woman viciously beaten at MCDONALD'S drive-thru...
'This is for you, you white b***ch! This is a grape soda!' { The description of the suspects - two black women and one black man - is vague. The best clue police have to go on right now is they were driving a light-blue Cadillac with temporary tags. }

HORROR: Mob of 20 'hooded blacks' storm UK pub, drag man out, stab him to death...
Half of Florida high school students fail reading test...
COPS: 19-year-old white student beaten by two separate black gangs...

Dershowitz: Zimmerman acted in self-defense. so drop murder charge...
Evidence Backs Up George Zimmerman's Version of Shooting...
Witness Told Cops: Trayvon Straddling And Punching 'MMA Style'...

New evidence in Trayvon Martin case raises more questions
Trayvon Martin's autopsy shows he had marijuana in his system the night he was killed by neighborhood watch volunteer George Zimmerman, and a gunshot to his chest came from close range, according to nearly 200 pages of previously undisclosed documents released Thursday.

ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose, Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving nigger was enraged by his being thwarted in his scope-out/plundering of Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his true story, Zimmerman was fighting for his life and ultimately saved the citizens of Florida from the future costs of the burgeoning violent, thieving typical nigger-criminal trayvon martin.}
Previous: Holder sues Florida city, says firefight test racist [ Yeah, of course, because dumb niggers can’t read, ‘rite, or do ‘rithmetic! They’re always too busy donning their little hoodies and scopin’ out neighborhoods for their pillaging, plundering, and terrorizing! ]...
Black mob beats white man unconscious on his front porch...
'Now that's justice for Trayvon' (they shout in crazed nigger fashion)...
DERSHOWITZ BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT STUPID'... [ Indeed! And, make no mistake, I never would have thought I’d be agreeing with Alan Dershowitz on anything: http://albertpeia.com/trayvonnewtawana.htm ]

BANG, BANG ‘…His surprising testimony came the same day that ABC News exclusively obtained a photograph showing the bloodied back of Zimmerman's head, which was apparently taken three minutes after he shot and killed Martin. The photo could give credence to Zimmerman's claim that Martin had bashed his head against the concrete as Zimmerman fought for his life…’

COPS: Suspect angry over Trayvon Martin death beats up white man...

Obama as a Boy Ate Dog Meat [ And, you can bet there’s canabalism in his line; his father being an african ape nigger and his mother a flaky whore; you know, that typical type that schtooped niggers back in the day! ]...
Obama campaign tries to diversify...
...looking to hire more African-Americans [ More dead-weight, contentious, unproductive make-shift, make-work, costly welfare job niggers … just what the nation, strike that, wobama campaign needs.]
Farrakhan Warns Whites: 'Unless You Change, Your End Has Come'… [ They call this a self-destructive manifestation of the Oedipal Effect: Goodbye niggers, aka unevolved apes/chimps/monkeys – Your end’s already here! Your jigs are up, and you boos are down! Everyone’s onto your nigger jive! Look in the mirror! If only you could change / evolve faster! ] ...
HOLDER PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...

The reality is that blacks are an insoluble problem wherever they are. That’s not going to ever change; not make-shift/make-work jobs; not programs; not anything tried or to be tried; hence, they must be treated as exactly that – problems – before a solution can be derived and fashioned. ] [ Send the niggers, including niggerbama back to sub-saharan africa! ]

21 Signs That This Could Be A Long, Hot, Crazy Summer For The Global Financial System http://albertpeia.com/21signsbadsummerforglobalfinancialsystem.htm , The EU’s Systemic Risk: Why This Time IS Different http://albertpeia.com/eusystemicrisk.htm , 1.6 Trillion Dollars More Debt: Fiscal Conservatives Have Been Raped By The Democrats, The Democratic Party, as well as The Republican Party http://albertpeia.com/onepointsixtrillionmoredebt.htm , 10 Things That We Can Learn About Shortages And Preparation From The Economic Collapse In Greece http://albertpeia.com/10thingswecanlearnpreparefromgreekeconomiccollapse.htm

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales… http://albertpeia.com/ecricallsrecession.htm , 6-4-12 Suckers’ rally into the close on hopes for contraindicated QE which has clearly NOT WORKED for all except the frauds on wall street enriched thereby at everyone else’s expense (higher gas prices, costs, etc.) and to keep suckers sucked in, US factory goods orders -0.6% in Apr, well below market expectations of +0.3% vs big negative revision for Mar from -1.5% to -2.1%; inventories unch. , Big factory orders miss on top of last week’s grim jobs data sends some of those in the record dollar long position heading toward the exit. , 21 Signs That This Could Be A Long, Hot, Crazy Summer For The Global Financial System http://albertpeia.com/21signsbadsummerforglobalfinancialsystem.htm , The EU’s Systemic Risk: Why This Time IS Different http://albertpeia.com/eusystemicrisk.htm , Dave’s Daily: http://www.etfdigest.com FORCING THE FED’S HAND 6-4-12 ‘Trading desks and hedge funds may just keep driving equity prices lower until the Bernanke led Fed responds with the QE3 they want…’ , The Bad Jobs Report Is Just A Very Small Taste Of The Nightmare That Is Coming http://albertpeia.com/badjobsreportsmalltasteofcomingnightmare.htm , "The End Game: 2012 And 2013 Will Usher In The End" - The Scariest Presentation Ever? http://albertpeia.com/endgamecollapse.htm , Biderman: "Everyone Is Now A Seller Of US Stocks" ZeroHedge.com Submitted by Tyler Durden on 05/31/2012 http://albertpeia.com/everyonenowasellerofusstocks.htm , Albert Edwards Has Some Words Of Discouragement: Welcome To S&P 500 Hell "Expect the S&P500 to decline decisively below its March 2009, 666 intraday low. All hope will be crushed." http://albertpeia.com/sp500todeclinebelow666.htm , Guest Post: Uncle Sam Admits Monitoring You For These 377 Words http://albertpeia.com/usdhsadmitsmonitoringyouforthese377words.htm , Dave’s Daily: http://www.etfdigest.com 5-29-12 MARKETS RISE ON STIMULUS HOPES ‘…the ultimate Ponzi Scheme…‘ , ALGOS FEAST ON RUMORS 5-24-12 ‘The overall news continues to be dreadful…’ http://albertpeia.com/dave.htm , The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm { Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm } America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … Suckers’ rally into the close off lows to keep the fraud rollin’ as in previous session, Dave Fry/Dave’s Daily: Timing is Everything vs. Seductive Hype 5-23-12 { Yes, Dave; indeed that’s true, timing is everything, certainly in stock market investing. http://albertpeia.com/dave.htm

21 Signs That This Could Be A Long, Hot, Crazy Summer For The Global Financial System

http://albertpeia.com/21signsbadsummerforglobalfinancialsystem.htm

The EU’s Systemic Risk: Why This Time IS Different

June 4, 2012 By gpc1981 , http://albertpeia.com/eusystemicrisk.htm

Europe will collapse before the end of the year and very likely before the end of the summer. When this Crisis hits it will be worse than 2008. And the world Central Banks will not be able to control the damage.

What makes this time different?

Several items:

1)   The Crisis coming from Europe will be far, far larger in scope than anything the Fed has dealt with before.

2)   The Fed is now politically toxic and cannot engage in aggressive monetary policy without experiencing severe political backlash (this is an election year).

3)   The Fed’s resources are spent to the point that the only thing the Fed could do would be to announce an ENORMOUS monetary program which would cause a Crisis in of itself.

Let me walk through each of these one at a time.

Drudgereport: 6-4-12 EVEN MAUREEN DOWD BEGINS TO TURN / CANNIBAL UPDATES

Debt Has Increased More in Last 15 Months Than First 97 Congresses -- Combined!

Obama Gets 'Left' Behind; Libs Turn...
NYT: Weak Economy Points to Obama's Constraints...
Jon Bon Jovi Gets A Ride On Air Force One...
Hispanic unemployment jumps to 11% in US...
S&P down 10% since April...
Japan's Debt Sustains Deflationary Depression...
FACEBOOK 'will disappear'...
Buyers' remorse for California's 'bullet train to nowhere'...

War in White House: Holder and Axelrod 'had to be separated'...

Tokyo Stocks Hit 28-Year Low Amid Global Rout...
FUTURES...
Euro Zone Nears Moment of Truth on Staying Together...
SOROS WARNS: 3 MONTHS...
Spain Seeks United Effort on Banks; Pressure Builds on Merkel...
The week Europe stopped pretending...
Retirement Age '80' After Crisis?

BULLS, BEARS OR BUST?
REPORT: Air Force drone spied on US soil...

CANNIBAL UPDATES: CRUISED MIAMI IN 2010?

COPS: Canadian cannibal on run in France -- dressed as woman...

CANNIBAL CAPTURED IN BERLIN...
Arrested at Internet cafe -- looking up stories on himself!
Shady, Master of Disguise...

{ U.S. Cannibal Update }: Maryland cannibal ranted on FACEBOOK...

Ming Qu and Ying Wu Murder Case: Two arrested in the killings of ... (CBS) LOS ANGELES - Los Angeles police Friday announced the arrests of two suspects in connection with the shooting deaths of two Chinese graduate students who attended the University of Southern California, reports CBS Los Angeles. [ { Yup! Typical lawless, uncivilized niggers! The following comment to the article sums it up: ‘Three blacks shooting two Chinese students. Where is the public outcry and protests? Where are all of those that were screaming injustice when Trayvon Martin was shot?’ }

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]

FUGITIVE CANNIBAL WARNED: I CAN'T STOP KILLING...
Scary digital trail...
Gay White Porn Star Wanted by Interpol...

CANNIBAL STRIKES IN MARYLAND... { Yes, another black cannibal; with ties to wobama’s home country of Kenya, Sub-Saharan Africa. }
SHOCK DETAILS...

South Beach Cannibal 'Put Under Voodoo Curse'... {Riiiiight! That voodoo thing made him do it! Oh yeah, that and the evil white man’s bathing salts also the culprit!}

6-1-12 The Bad Jobs Report Is Just A Very Small Taste Of The Nightmare That Is Coming http://albertpeia.com/badjobsreportsmalltasteofcomingnightmare.htm ‘…The tough stretch that we are going through right now is only a very small taste of the economic nightmare that is on the horizon.  If you think that things are a "disaster" right now, just wait until you see what is coming.’ … The following is from a Zero Hedge summary of a recent presentation by Raoul Pal....

• We don’t know exactly what is to come, but we can all join the very few dots from where we are now, to the collapse of the first major bank…
• With very limited room for government bailouts, we can very easily join the next dots from the first bank closure to the collapse of the whole European banking system, and then to the bankruptcy of the governments themselves.
• There are almost no brakes in the system to stop this, and almost no one realises the seriousness of the situation.
• The problem is not Government debt per se. The real problem is that the $70 trillion in G10 debt is the collateral for $700 trillion in derivatives…
• Yes, that equates to 1200% of Global GDP and it rests on very, very weak foundations
• From an EU crisis, we only have to join one dot for a UK crisis of equal magnitude.
• And then do you think Japan and China would not be next?
• And then do you think the US would survive unscathed?
• That is the end of the fractional reserve banking system and of fiat money.

• It is the big RESET.

It continues:

• Bonds will be stuck at 1% in the US, Germany, UK and Japan (for this phase).
• The whole bond market will be dead.
• Short selling on bonds - banned
• Short selling stocks – banned
• CDS – banned
• Short futures – banned
• Put options – banned

• All that is left is the Dollar and Gold

It only gets better. We use the term loosely:

• We have around 6 months left of trading in Western markets to protect ourselves or make enough money to offset future losses.
• Spend your time looking at the risks of custody, safekeeping, counterparty etc. Assume that no one and nothing is safe.
• After that…we put on our tin helmets and hide until the new system emerges

So how soon does Raoul Pal think all of this is going to happen?....From a timing perspective, I think 2012 and 2013 will usher in the end. You can find his entire presentation entitled "The End Game" right here. What Raoul Pal is saying lines up very well with what Steve Quayle's anonymous international banking source is telling him....There is no stopping this...We are still on track as I have been predicting for a while now for a fall/winter collapse of the Eurozone and naked exposure of all derivative markets the world over. Europeans will go through a major reset, after time they will recover as Europeans do not carry the type of personal debt that Americans do. It is for America that I worry. Look for these signs next:

1- JPM will be bailed out again but it will not stop the coming market crash. More details will emerge about their derivative swap failure $150 billion and counting.

2-BOA (BAC Bank of America) will fold and be absorbed into JPM as a way to prop up the bleeding Giant. JPM will get the best picking of this deal just like they got with Bear Stearns.

3- Massive layoffs at Citigroup and Wells Fargo

4- Goldman Sachs finally pays the piper, look for massive cuts there as well as BIG Losses

5- Bond market bust which leads to freeze of all bond sales

6- Derivative bust the next one will be BOA followed by Citigroup

7- All CDS shorts and swaps will freeze.

8- Total Meltdown …’

"The End Game: 2012 And 2013 Will Usher In The End" - The Scariest Presentation Ever? http://albertpeia.com/endgamecollapse.htm , Dave’s Daily: http://www.etfdigest.com GLOBAL ECONOMIC DESCENT CONTINUES 6-1-12 ‘We could start by noting Chinese Manufacturing Growth fell to 50.4 vs 53.3 previously. Of course, that’s not impressive. The star of the show was the U.S. The nonfarm payroll data (aka unemployment report) laid an egg. Pundits forecasted growth of 150K jobs but less than half that (69K) was reported and the unemployment rate rose to 8.2%. And, this with so many falling off the employment rolls. Net downward revisions for March and April were 49K. The labor participation rate is low and means there are over 5.34 million people not be accounted for in the official unemployment rate, in other words counted as employed or unemployed, many who probably need a job and can't find one.That's in addition to the official 12.72 million unemployed. http://albertpeia.com/laborparticipationratechartfromdave.jpg

Sorry Folks, QE 3 Ain’t Coming… Even the Fed Doves Admit It http://albertpeia.com/contraindicatedqe3aintcoming.htm , The UN Wants Complete Control Over The Internet And That Would Mean Unprecedented Censorship, Taxes And Surveillance http://albertpeia.com/unwantscontrolofinternetforcensorshiptaxessurveillance.htm

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales… http://albertpeia.com/ecricallsrecession.htm , 6-1-12 The Bad Jobs Report Is Just A Very Small Taste Of The Nightmare That Is Coming http://albertpeia.com/badjobsreportsmalltasteofcomingnightmare.htm , "The End Game: 2012 And 2013 Will Usher In The End" - The Scariest Presentation Ever? http://albertpeia.com/endgamecollapse.htm , Biderman: "Everyone Is Now A Seller Of US Stocks" ZeroHedge.com Submitted by Tyler Durden on 05/31/2012 http://albertpeia.com/everyonenowasellerofusstocks.htm , Albert Edwards Has Some Words Of Discouragement: Welcome To S&P 500 Hell "Expect the S&P500 to decline decisively below its March 2009, 666 intraday low. All hope will be crushed." http://albertpeia.com/sp500todeclinebelow666.htm , Guest Post: Uncle Sam Admits Monitoring You For These 377 Words http://albertpeia.com/usdhsadmitsmonitoringyouforthese377words.htm , Dave’s Daily: http://www.etfdigest.com 5-29-12 MARKETS RISE ON STIMULUS HOPES ‘…the ultimate Ponzi Scheme…‘ , ALGOS FEAST ON RUMORS 5-24-12 ‘The overall news continues to be dreadful…’ http://albertpeia.com/dave.htm , The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm { Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm } America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ …

The Bad Jobs Report Is Just A Very Small Taste Of The Nightmare That Is Coming

http://albertpeia.com/badjobsreportsmalltasteofcomingnightmare.htm

The UN Wants Complete Control Over The Internet And That Would Mean Unprecedented Censorship, Taxes And Surveillance { This notion is so outlandish, it seems all but unbelievable that the same is even being talked about. After all, look at the state of this world. Tell me one thing the u.n. has done well and has actually accomplished! }

http://albertpeia.com/unwantscontrolofinternetforcensorshiptaxessurveillance.htm

Drudgereport: U.S. Cannibal Update/MAY MESS: UNEMPLOYMENT GOES UP...
STOCKS COLLAPSE...
Weak US Job Growth Threatens World Economy...
This Summer 'Eerie Echo' of Pre-Lehman...

HELL DAY
Obama has big plans for when Republican 'fever' breaks...
HAS OUTSPENT PAST FIVE PRESIDENTS...
Bill Clinton: Romney's Business Record 'Sterling'...

Top Italy banker says risk of euro breakup growing...

{ U.S. Cannibal Update }: Maryland cannibal ranted on FACEBOOK...

Ming Qu and Ying Wu Murder Case: Two arrested in the killings of ... (CBS) LOS ANGELES - Los Angeles police Friday announced the arrests of two suspects in connection with the shooting deaths of two Chinese graduate students who attended the University of Southern California, reports CBS Los Angeles. [ { Yup! Typical lawless, uncivilized niggers! The following comment to the article sums it up: ‘Three blacks shooting two Chinese students. Where is the public outcry and protests? Where are all of those that were screaming injustice when Trayvon Martin was shot?’ }

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]

FUGITIVE CANNIBAL WARNED: I CAN'T STOP KILLING...
Scary digital trail...
Gay White Porn Star Wanted by Interpol...

CANNIBAL STRIKES IN MARYLAND... { Yes, another black cannibal; with ties to wobama’s home country of Kenya, Sub-Saharan Africa. }
SHOCK DETAILS...

South Beach Cannibal 'Put Under Voodoo Curse'... {Riiiiight! That voodoo thing made him do it! Oh yeah, that and the evil white man’s bathing salts also the culprit!}
VIDEO SHOWS BIKES RIDING PAST SOUTH BEACH CANNIBAL ATTACK!
MORE GRISLY DETAILS...
'BATH SALTS' TRIGGERED SOUTH BEACH CANNIBAL { Riiiight! Fine young black cannibal, driven cannabalistic by bath salts made by those evil white overlords! How 'bout the inherent cannabilistic trait as manifested here; the recurring theme of ‘Roots’, they’ll choose white meat over dark meat every time! http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

Flash Mob of 40 Kids Storm 7-ELEVEN over Free Slurpee Promotion, Beat Manager, Raid Shelves...

REPORT: Woman viciously beaten at MCDONALD'S drive-thru...
'This is for you, you white b***ch! This is a grape soda!' { The description of the suspects - two black women and one black man - is vague. The best clue police have to go on right now is they were driving a light-blue Cadillac with temporary tags. }

HORROR: Mob of 20 'hooded blacks' storm UK pub, drag man out, stab him to death...
Half of Florida high school students fail reading test...
COPS: 19-year-old white student beaten by two separate black gangs...

Dershowitz: Zimmerman acted in self-defense. so drop murder charge...
Evidence Backs Up George Zimmerman's Version of Shooting...
Witness Told Cops: Trayvon Straddling And Punching 'MMA Style'...

Trayvon Martin's autopsy shows he had marijuana in his system

ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose, Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving nigger was enraged by his being thwarted in his scope-out/plundering of Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his true story, Zimmerman was fighting for his life and ultimately saved the citizens of Florida from the future costs of the burgeoning violent, thieving typical nigger-criminal trayvon martin.}
Previous: Holder sues Florida city, says firefight test racist [ Yeah, of course, because dumb niggers can’t read, ‘rite, or do ‘rithmetic! They’re always too busy donning their little hoodies and scopin’ out neighborhoods for their pillaging, plundering, and terrorizing! ]...
Black mob beats white man unconscious on his front porch...
'Now that's justice for Trayvon' (they shout in crazed nigger fashion)...
DERSHOWITZ BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT STUPID'... [ Indeed! And, make no mistake, I never would have thought I’d be agreeing with Alan Dershowitz on anything: http://albertpeia.com/trayvonnewtawana.htm ]

Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved In Fights At Mall Of America After Rumors That Rappers Are There...

Miami Heat Players Don Hoodies...
'Dead or Alive' Poster Issued by New Black Panther Party... [ ‘Minority Report’ Division of Pre-Crime, Pre-Cogs say, ‘Dead or Alive – all niggers’ … whatever the outcome in the investigative process, the stark reality is that at least, unlike the niggers committing many more ‘black on white’ violent crimes, Zimmerman (and this is no endorsement – I won’t be looking at this one incident all that closely) was at least trying to do a good thing made necessary by the ever increasing number of brutal crimes committed by the black thugs in neighborhoods across the nation; then there’s somalian pirates, etc.. People domestically and internationally are suffering from nigger-fatigue and are totally niggered out. Oh, yeah, there are some Hollywood types who feel good about themselves having niggers around and helping niggers to help them feel better than they really are, insecure as they are, by being better than at least someone beyond fantasy. Loony george clooney is one. Dreadfully boring and with that monotone, monotonous voice and not that bright, he’s not even able to fake it on screen as an action hero (ie., batman, what a horrific miscast) wimpy pussy in reality that he is; then there’s the ‘black (sean) penn’ who cried like a baby while incarcerated for a couple of days not that long ago. The atheist jolie, so fatherly troubled as she is, has let the equally mentally troubled pitt (she so nutty she makes him feel somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be the closest she’s gotten to her black projects. Let them live anonomously (in disguise) with the niggers for some time for a real close look and then see what’s left of their predisposed love for the nigger. Then there’s the italian scallion, booby deniro; drug addled as his black wife high-tower, what a total embarrassment to Italians everywhere; even as he tried to ingratiate himself recently with niggers everywhere and particularly national embarrassment mammy michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan Africa! ]
'BLACK NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE CONTRARY ] ARE UNDER ATTACK [ SAYS NIGGER SHAKEDOWN ARTIST JACKSON] ' [ Hold on one cotton-pickin’ minute jesse, that’s not what the facts say Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d look just like any other nigger. And, don’t worry about the black vote, failed president wobama the b for b***s*** will get nearly if not all, 100% of the nigger vote! Drudgereport: Farrakhan Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks that would have to be retaliated against based upon the hushed reality of the prevalence of black on white crime? The blacks should be careful what they wish for in playing that game because the facts don’t break in their favor. ] ...

People have become weary of making up excuses for blacks (like obama, holder, etc.). At some point, as now, people should not be timid about relating the cold, unvarnished truth statistically / factually about blacks and, ie., black on white violent crime, etc..

 From Pat Buchanan: As for racism, its ugliest manifestation is in interracial crime, and especially interracial crimes of violence. Is Barack Obama aware that while white criminals choose black victims 3 percent of the time, black criminals choose white victims 45 percent of the time? Is Barack aware that black-on-white rapes are 100 times more common than the reverse, that black-on-white robberies were 139 times as common in the first three years of this decade as the reverse? We have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned out to be hoaxes. But about the epidemic of black assaults on whites that are real, we hear nothing.

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

The reality is that blacks are an insoluble problem wherever they are. That’s not going to ever change; not make-shift/make-work jobs; not programs; not anything tried or to be tried; hence, they must be treated as exactly that – problems – before a solution can be derived and fashioned. ] [ Send the niggers, including niggerbama back to sub-saharan africa! ]

Biderman: "Everyone Is Now A Seller Of US Stocks" ZeroHedge.com Submitted by Tyler Durden on 05/31/2012 http://albertpeia.com/everyonenowasellerofusstocks.htm ‘Focusing on his supply-demand perspective of what drives stock prices and the heavy volume of corporate selling combined with mutual fund outflows that we have been so vociferous about, Charles Biderman of TrimTabs provides color on why, just like in 2010 and 2011, markets sold off in May. Whether you believe it is explicitly the angst-inspiring European malaise, Facebook's flop, or US macro deterioration and a pending fiscal cliff - the real driver is more shares chasing less cash as he puts it and reflexively the news exaggerates it or stalls it. Stock prices are likely to keep dropping, no matter what, until the Fed announces the next stimulus/easing (as we all know) but unfortunately this will have no impact on the real economy (though stocks will pop). Biderman berates the Fed for its constant insistence that this time is different and as far as the election 'our policies will bring about sustainable recovery and jobs' promises we will hear from both candidates, he succinctly summarizes thus: "What Bullsh**! Where we are now as a world is: it's ok for government to lie for their own benefit". , Albert Edwards Has Some Words Of Discouragement: Welcome To S&P 500 Hell "Expect the S&P500 to decline decisively below its March 2009, 666 intraday low. All hope will be crushed." http://albertpeia.com/sp500todeclinebelow666.htm , Guest Post: Uncle Sam Admits Monitoring You For These 377 Words http://albertpeia.com/usdhsadmitsmonitoringyouforthese377words.htm , Busting The "Core" European Myth , Market Fails To Zucker In Gullible Traders With End Of Day Stop Hunt , Guest Post: Facebook & the Bubble Mentality So Facebook keeps falling, and is now floating around the $27 mark.  We’re a third of the way down to my IPO valuation of FB as worth roughly $2-4 a share (or 5-10 times earnings), although I wouldn’t be surprised for the market to stabilise at a higher price (at least until the next earnings figures come out and reveal — shock horror — that Facebook is terrible at making money). The really stunning thing is that even after all these falls, FB is still trading at 86 times earnings. What the hell did Morgan Stanley think they were doing valuing an IPO without any viable profit model at over 100 times earnings? The answer is that this was an exit strategy. This IPO was about the people who got in early passing on a stick of dynamite to a greater fool which incidentally is precisely the same bubble mentality business model as bond investors who are currently buying negative-real-yielding treasuries at 1.6% hoping to pass them onto a greater fool at 0.5% (good luck with that). , Goldman Slashes Treasury Yield Forecasts If it appears like it was only yesterday that Goldman was advising clients to short the 10 Year Treasury, it is because it was... give or take a few months: From January: "Since the end of last August, we have argued that 10-yr US Treasury yields would not be able to sustain levels much below 2% in this cycle. Yields have traded in a tight range around an average 2% since September, including so far into 2012. We are now of the view that a break to the upside, to 2.25-2.50%, is likely and recommend going tactically short. Using Mar-12 futures contracts, which closed on Friday at 130-08, we would aim for a target of 126-00 and stops on a close above 132-00." We added the following: "As a reminder, don't do what Goldman says, do what it does, especially when one looks the firm's Top 6 trades for 2012, of which 5 are losing money, and 2 have been stopped out less than a month into the year." Sure enough, as we tabulated last night, those who had listened to this call, and also gone long stocks as Goldman urged on March 21, have lost nearly 30% in about 2 months. Those who listened to us and did the opposite, well, didn't. Which is why the just released note from the very same Garzarelli who 4 months ago was so gung ho on shorting bonds, just cut his bond yield forecast for the entire world, US Treasurys included: "We now see 10-year US Treasuries ending this year at 2.00% (from 2.50% previously, and 30bp above current forwards), rising to 2.50% (previously 3.25%, and 60bp above the forwards) by December 2013. The corresponding numbers for German Bunds are 1.75% and 2.25%." In other words, it is now that Doug Kass should have made his short bonds call: not when he did it, a month ago and got his face bathsalted right off. For those asking - yes: Goldman is now selling bonds to clients. , Santelli On Capital Flight And Bond Contagion

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Biderman: "Everyone Is Now A Seller Of US Stocks" ZeroHedge.com Submitted by Tyler Durden on 05/31/2012 http://albertpeia.com/everyonenowasellerofusstocks.htm ‘Focusing on his supply-demand perspective of what drives stock prices and the heavy volume of corporate selling combined with mutual fund outflows that we have been so vociferous about, Charles Biderman of TrimTabs provides color on why, just like in 2010 and 2011, markets sold off in May. Whether you believe it is explicitly the angst-inspiring European malaise, Facebook's flop, or US macro deterioration and a pending fiscal cliff - the real driver is more shares chasing less cash as he puts it and reflexively the news exaggerates it or stalls it. Stock prices are likely to keep dropping, no matter what, until the Fed announces the next stimulus/easing (as we all know) but unfortunately this will have no impact on the real economy (though stocks will pop). Biderman berates the Fed for its constant insistence that this time is different and as far as the election 'our policies will bring about sustainable recovery and jobs' promises we will hear from both candidates, he succinctly summarizes thus: "What Bullsh**! Where we are now as a world is: it's ok for government to lie for their own benefit". , Albert Edwards Has Some Words Of Discouragement: Welcome To S&P 500 Hell "Expect the S&P500 to decline decisively below its March 2009, 666 intraday low. All hope will be crushed." http://albertpeia.com/sp500todeclinebelow666.htm , Guest Post: Uncle Sam Admits Monitoring You For These 377 Words http://albertpeia.com/usdhsadmitsmonitoringyouforthese377words.htm

Student Debt Bubble Delinquencies Surge , The Inexplicable American Consumer Hits A Wall , Spain Just Gave Us a Glimpse Into the True State of the EU Banking System Posted by: Phoenix Capital... Post date: 05/31/2012 This is the state of affairs in Europe: bankrupt nations trying to bailout bankrupt banks or looking for bailouts from funds that are backed by other bankrupt nations.What could go wrong? http://albertpeia.com/truestateofeubankingsystem.htm , Bonds Now Beating Stocks Year-to-Date , Spanish CDS Over 600bps Sends S&P Under 1300 , Market Shocked By Recessionary PMI Print, Gold Pummeled, Apple Slides, FaceBerging Continues , US initial jobless claims +13k to 383k for the week ended 26-May, above expectations of 369k, vs upward revised 373k in the previous week. , Chicago PMI Plunges To 52.7, Lowest Print Since September 2009 , First Q1 GDP Revision In Line With Expectations; Initial Claims Spike , Bill Gross: The Global Monetary System Is Reaching Its Breaking Point , Dave’s Daily: http://www.etfdigest.com MARKETS PREPARE FOR 2010 & 2011 REPRISE 5-31-12 http://albertpeia.com/dave.htm

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales… http://albertpeia.com/ecricallsrecession.htm , Biderman: "Everyone Is Now A Seller Of US Stocks" ZeroHedge.com Submitted by Tyler Durden on 05/31/2012 http://albertpeia.com/everyonenowasellerofusstocks.htm , Albert Edwards Has Some Words Of Discouragement: Welcome To S&P 500 Hell "Expect the S&P500 to decline decisively below its March 2009, 666 intraday low. All hope will be crushed." http://albertpeia.com/sp500todeclinebelow666.htm , Guest Post: Uncle Sam Admits Monitoring You For These 377 Words http://albertpeia.com/usdhsadmitsmonitoringyouforthese377words.htm , Dave’s Daily: http://www.etfdigest.com 5-29-12 MARKETS RISE ON STIMULUS HOPES ‘…the ultimate Ponzi Scheme…‘ , ALGOS FEAST ON RUMORS 5-24-12 ‘The overall news continues to be dreadful…’ http://albertpeia.com/dave.htm , The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm { Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm } America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … Suckers’ rally into the close off lows to keep the fraud rollin’ as in previous session, Dave Fry/Dave’s Daily: Timing is Everything vs. Seductive Hype 5-23-12 { Yes, Dave; indeed that’s true, timing is everything, certainly in stock market investing... http://albertpeia.com/dave.htm }, Greece Could Implode the Second Bailout and the EU by Mid-June http://albertpeia.com/greecesecondbailouteuimplosion.htm , Eurobonds: The Issue That Could Shatter Europe http://albertpeia.com/eushatteringeubonds.htm , As Reality Recedes, Rumor Rampage Returns , Biderman On Bad Data And China's Recession , On The Predictability Of European Lies , HP to lay off about 27,000, profit slides 31 percent , http://albertpeia.com/obamas5trilliondollarlie.htm , http://albertpeia.com/fedecbcantstopcomingcrash.htm , http://albertpeia.com/bankrunsspainitalyeuropeanarchy.htm , JPMorgan Estimates Immediate Losses From Greek Exit Could Reach 400 Billion ZeroHedge.com Durden , Are They Insane? 58 Percent Of Americans Believe Economic Conditions In The United States Will Be Good A Year From Now http://albertpeia.com/insanelyoptimistic.htm , If You Live In California Things Just Got A Whole Lot Worse http://albertpeia.com/hopelesscluelesscalifornia.htm Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , 25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm , http://albertpeia.com/debtcrisisdestroysamerica.htm , Chimps Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting Your Money http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm , No Housing Recovery Until 2020 In 5 Simple Charts
http://albertpeia.com/nohousingrecoveryuntil2020in5charts.htm Durden , The Mother Of All Infographics: Visualizing America's Derivatives Universe http://albertpeia.com/usderivatives221trillionof707trillionglobal.htm , Fasten Your Seatbelts: High Frequency Trading Is Coming To The Treasury Market [ http://albertpeia.com/highfrequencytradingcomingtotreasuries.htm , 22 Signs That The Collapsing Spanish Economy Is Heading Into A Great Depression http://albertpeia.com/22signsspainheadingintogreatdepression.htm , The Secrets of the Spanish Banking System That 99% of Analysts Fail to Grasp http://spainbanksystemsecrets.htm , What Do California And Detroit Have In Common? http://albertpeia.com/californiadetroitdeclineincommon.htm

18 Examples Of The Nanny State Gone Wild

http://albertpeia.com/18examplesofnannystategonewild.htm

{Related: Guest Post: Uncle Sam Admits Monitoring You For These 377 Words

http://albertpeia.com/usdhsadmitsmonitoringyouforthese377words.htm

Wobama’s Choom Gang Bangin’/Cannibal update

http://www.albertpeia.com/wobamaschoomgangbangin.wmv

5-31-12 Geithner warns Spain...
TIME BOMB: Banks Pressured To Buy Up Government Debt...

UPDATE: China and Japan to begin direct currency trading...

Stocks Post Worst May Since 2010...
Anxious June...

FUGITIVE CANNIBAL WARNED: I CAN'T STOP KILLING...
Scary digital trail...
Gay White Porn Star Wanted by Interpol...

CANNIBAL STRIKES IN MARYLAND... { Yes, another black cannibal; with ties to wobama’s home country of Kenya, Sub-Saharan Africa. }
SHOCK DETAILS...

South Beach Cannibal 'Put Under Voodoo Curse'... {Riiiiight! That voodoo thing made him do it! Oh yeah, that and the evil white man’s bathing salts also the culprit!}
VIDEO SHOWS BIKES RIDING PAST SOUTH BEACH CANNIBAL ATTACK!
MORE GRISLY DETAILS...
'BATH SALTS' TRIGGERED SOUTH BEACH CANNIBAL { Riiiight! Fine young black cannibal, driven cannabalistic by bath salts made by those evil white overlords! How 'bout the inherent cannabilistic trait as manifested here; the recurring theme of ‘Roots’, they’ll choose white meat over dark meat every time! http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

Flash Mob of 40 Kids Storm 7-ELEVEN over Free Slurpee Promotion, Beat Manager, Raid Shelves...

REPORT: Woman viciously beaten at MCDONALD'S drive-thru...
'This is for you, you white b***ch! This is a grape soda!' { The description of the suspects - two black women and one black man - is vague. The best clue police have to go on right now is they were driving a light-blue Cadillac with temporary tags. }

HORROR: Mob of 20 'hooded blacks' storm UK pub, drag man out, stab him to death...
Half of Florida high school students fail reading test...
COPS: 19-year-old white student beaten by two separate black gangs...

Dershowitz: Zimmerman acted in self-defense. so drop murder charge...
Evidence Backs Up George Zimmerman's Version of Shooting...
Witness Told Cops: Trayvon Straddling And Punching 'MMA Style'...

Trayvon Martin's autopsy shows he had marijuana in his system

ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose, Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving nigger was enraged by his being thwarted in his scope-out/plundering of Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his true story, Zimmerman was fighting for his life and ultimately saved the citizens of Florida from the future costs of the burgeoning violent, thieving typical nigger-criminal trayvon martin.}
Previous: Holder sues Florida city, says firefight test racist [ Yeah, of course, because dumb niggers can’t read, ‘rite, or do ‘rithmetic! They’re always too busy donning their little hoodies and scopin’ out neighborhoods for their pillaging, plundering, and terrorizing! ]...
Black mob beats white man unconscious on his front porch...
'Now that's justice for Trayvon' (they shout in crazed nigger fashion)...
DERSHOWITZ BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT STUPID'... [ Indeed! And, make no mistake, I never would have thought I’d be agreeing with Alan Dershowitz on anything: http://albertpeia.com/trayvonnewtawana.htm ]

Dave’s Daily: http://www.etfdigest.com VOLATILITY INCREASES WITH EUROZONE RISK 5-30-12

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales… http://albertpeia.com/ecricallsrecession.htm , The familiar end of month window dressing rally based on fraud and b***s*** alone so great opportunity to sell/take profits since there’s much worse to come! Dave’s Daily: http://www.etfdigest.com 5-29-12 MARKETS RISE ON STIMULUS HOPES ‘…The worse the news becomes, the more bulls are betting on another round of QE from the Fed and other central banks. It’s the drug of choice even if the results aren’t long lasting and remain the ultimate Ponzi Scheme…‘ , ALGOS FEAST ON RUMORS 5-24-12 ‘The overall news continues to be dreadful…’ http://albertpeia.com/dave.htm , The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm { Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm } America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … Suckers’ rally into the close off lows to keep the fraud rollin’ as in previous session, Dave Fry/Dave’s Daily: Timing is Everything vs. Seductive Hype 5-23-12 { Yes, Dave; indeed that’s true, timing is everything, certainly in stock market investing. And, REMEMBER: ONLY A FEW DAYS LEFT TO SELL IN MAY AND GO AWAY! http://albertpeia.com/dave.htm }

How The Super Rich Avoid Taxes Even As They Demand That The Rest Of Us Pay More

http://albertpeia.com/taxesyoupaytheirway.htm

{As I’ve previously said, President Romney would be less than rational to tell his tax advisors ‘to take a dive’ when it comes to his financial planning. Importantly, it should be noted that up to now, President Romney has not been part of the federal system (unlike obama, kerry, etc.) that sets federal tax policy / laws.}

The Second Act Of The JPM CIO Fiasco Has Arrived - Mismarking Hundreds Of Billions In Credit Default Swaps

Europe Is About to Implode... Are You Ready? Phoenix Capital... We're talking about a banking system that is nearly four times that of the US ($46 trillion vs. $12 trillion) with at least twice the amount of leverage (26 to 1 for the EU vs. 13 to 1 for the US... ‘(Summers: )I've warned time and again that the EU would collapse in May-June. That collapse is here right on schedule. And NO ONE will be able to stop it.

Here's why:

1) According to the IMF, European banks as a whole are leveraged at 26 to 1 (this data point is based on reported loans... the real leverage levels are much, much higher.) These are a Lehman Brothers leverage levels.

2) The European Banking system is over $46 trillion in size (nearly 3X total EU GDP).

3) The European Central Bank's (ECB) balance sheet is now nearly $4 trillion in size (larger than Germany's economy and roughly 1/3 the size of the ENTIRE EU's GDP). Aside from the inflationary and systemic risks this poses (the ECB is now leveraged at over 36 to 1).

4) Over a quarter of the ECB's balance sheet is PIIGS' debt which the ECB will dump any and all losses from onto national Central Banks (read: Germany)

So we're talking about a banking system that is nearly four times that of the US ($46 trillion vs. $12 trillion) with at least twice the amount of leverage

Drudgereport: Investors flee Spain as financial crisis spirals...
'Total emergency'...
France to cap top pay...
French irked by EU use of English...
MOODY'S downgrades Danish banks...

MORGAN STANLEY CEO defends FACEBOOK IPO conduct...

'WE'RE NOT MAKING A BOMB'

Bilderberg Launches Unprecedented Security Crackdown...
Talk of machine guns & surveillance spooks hotel guests...
Rockefellers and Rothschilds unite...

VIDEO SHOWS BIKES RIDING PAST SOUTH BEACH CANNIBAL ATTACK!
MORE GRISLY DETAILS...
'BATH SALTS' TRIGGERED SOUTH BEACH CANNIBAL { Riiiight! Fine young black cannibal, driven cannabalistic by bath salts made by those evil white overlords! How 'bout the inherent cannabilistic trait as manifested here; the recurring theme of ‘Roots’, they’ll choose white meat over dark meat every time! http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

Flash Mob of 40 Kids Storm 7-ELEVEN over Free Slurpee Promotion, Beat Manager, Raid Shelves...

REPORT: Woman viciously beaten at MCDONALD'S drive-thru...
'This is for you, you white b***ch! This is a grape soda!' { The description of the suspects - two black women and one black man - is vague. The best clue police have to go on right now is they were driving a light-blue Cadillac with temporary tags. }

HORROR: Mob of 20 'hooded blacks' storm UK pub, drag man out, stab him to death...
Half of Florida high school students fail reading test...
COPS: 19-year-old white student beaten by two separate black gangs...

Dershowitz: Zimmerman acted in self-defense. so drop murder charge...
Evidence Backs Up George Zimmerman's Version of Shooting...
Witness Told Cops: Trayvon Straddling And Punching 'MMA Style'...

When The Derivatives Market Crashes (And It Will) U.S. Taxpayers Will Be On The Hook http://albertpeia.com/derivativesmarketcrashtaxpayerbailout.htm , 20 Signs That Society Is Beaking Down And That America Has Been Overrun By Psychos , http://albertpeia.com/20signsamericaoverrunbypsychos.htm , Are The Europeans About To Start The Second Half Of Our Great Depression? ZeroHedge.com Submitted by Tyler Durden on 05/26/2012 , Guest Post: War Pigs - The Fall Of A Global Empire General Douglas MacArthur understood this danger to our liberty. “I am concerned for the security of our great Nation; not so much because of any threat from without, but because of the insidious forces working from within.” , Guest Post: U.S.A. 2012: Is This What We've Become? , If Greece Was California... If You Live In California Things Just Got A Whole Lot Worse http://albertpeia.com/hopelesscluelesscalifornia.htm Failed Wobama model illustrated: 16 Reasons To Move Away From California

The notion of a “nuclear weapons capability” seems like a dangerously low standard. Let us not forget that Mossad, the CIA and the IAEA agree  that Iran does not have a bomb, is not building one, has no plans to build one.

Forget the Upcoming Elections… Greece Has Already Proved the Great “Bailout Lie” May 29, 2012 By gpc1981 http://albertpeia.com/alreadygreatgreekbailoutlie.htm

25 Signs That The Smart Money Has Completely Written Off Southern Europe

http://albertpeia.com/25signssmartmoneywriteoffsoeu.htm

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales… http://albertpeia.com/ecricallsrecession.htm , http://albertpeia.com/dave.htm , The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm { Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm } America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … Suckers’ rally into the close off lows to keep the fraud rollin’ as in previous session, Dave Fry/Dave’s Daily: Timing is Everything vs. Seductive Hype 5-23-12 { Yes, Dave; indeed that’s true, timing is everything, certainly in stock market investing. And, REMEMBER: ONLY A FEW DAYS LEFT TO SELL IN MAY AND GO AWAY

Are The Europeans About To Start The Second Half Of Our Great Depression?

Submitted by Tyler Durden on 05/26/2012

Guest Post: War Pigs - The Fall Of A Global Empire

“I am concerned for the security of our great Nation; not so much because of any threat from without, but because of the insidious forces working from within.”

Guest Post: U.S.A. 2012: Is This What We've Become?

If Greece Was California... [ If You Live In California Things Just Got A Whole Lot Worse http://albertpeia.com/hopelesscluelesscalifornia.htm Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm ]

When The Derivatives Market Crashes (And It Will) U.S. Taxpayers Will Be On The Hook

http://albertpeia.com/derivativesmarketcrashtaxpayerbailout.htm

20 Signs That Society Is Beaking Down And That America Has Been Overrun By Psychos

http://albertpeia.com/20signsamericaoverrunbypsychos.htm

5-29-12 FACEBOOK FREEFALL CONTINUES...
Stock sinks below $29...
'Worst IPO in decade'...
SHOCK REPORT: 40% of social media accounts ARE SPAMMERS...

Home Prices Hit Fresh Lows...

Biggest Greek bank warns of dire euro exit fallout...

Romney Campaign Hits Obama On SOLYNDRA...
Carney Struggles With SOLYNDRA Questions...
Holder to brief black pastors on campaigning for Obama...
'BATH SALTS' TRIGGERED BLACK SOUTH BEACH CANNIBAL

NASA to future moon explorers: Don't wreck our fake Apollo landing sites fiction...
'Biggest collapse of law firm in U.S. history' as DEWEY & LEBOEUF goes under...

Warning signs for Obama on path to electoral votes...

NOONAN: Romney's Moment...

LLOYD'S OF LONDON preparing for euro collapse...
Switzerland draws up action plan...
Greece says public finances face collapse...

GOOGLE GRABS SECRETS OF PRIVATE LIVES...
Emails, texts, photos, documents taken from wi-fi networks...
Deliberately stole information but 'covered it up'...

Congress mulls letting UN regulate Internet… { What a total fraud and farce; to do indirectly what the people and constitution would prohibit directly! How pathetic! How indicative of decline! } ...

Miami Police Shoot Naked Man -- Eating Face Of Other Naked Man...
'Like a rabid dog'...
'Tearing him to pieces with mouth'...

ILLEGAL KIDNEY TRADE BOOMS AS NEW ORGAN 'SOLD EVERY HOUR'...
'BATH SALTS' TRIGGERED SOUTH BEACH CANNIBAL { Riiiight! Fine young black cannibal, driven cannabalistic by bath salts made by those evil white overlords! How 'bout the inherent cannabilistic trait as manifested here; the recurring theme of ‘Roots’, they’ll choose white meat over dark meat every time! http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

Flash Mob of 40 Kids Storm 7-ELEVEN over Free Slurpee Promotion, Beat Manager, Raid Shelves...

REPORT: Woman viciously beaten at MCDONALD'S drive-thru...
'This is for you, you white b***ch! This is a grape soda!' { The description of the suspects - two black women and one black man - is vague. The best clue police have to go on right now is they were driving a light-blue Cadillac with temporary tags. }

HORROR: Mob of 20 'hooded blacks' storm UK pub, drag man out, stab him to death...
Half of Florida high school students fail reading test...
COPS: 19-year-old white student beaten by two separate black gangs...

Dershowitz: Zimmerman acted in self-defense. so drop murder charge...
Evidence Backs Up George Zimmerman's Version of Shooting...
Witness Told Cops: Trayvon Straddling And Punching 'MMA Style'...

Marc Faber Sees 100% Probability Of Global Recession In 2013 ZeroHedge.com Tyler Durden 5/25/12 From around two minutes into this CNBC clip, Marc Faber brings the conversation back into sharp focus. Noting that "whenever everybody focuses on just one thing - Greece and Europe in this case - there are other things that are far more important - such as a meaningful slowdown in India and China - going on that are being ignored". But remaining on the topic of Europe, Faber consistently opines that the next event risk will be the Greek exit - even though Faber suspects strongly that Germany will cave to Eurobonds eventually - as he comments that the longer the delay of a restructuring/default/exit/euro-bonds takes the higher the probability of a gigantic systemic failure. This subject brings up (at around 3:30) an interesting perspective that the European market would be oddly relieved (not plunging 50%) if Greek exited the Euro as there would be some clarity (though Faber adds that bank and insurance stocks would likely be crushed). At five minutes in though, Faber ramps up the rhetoric noting that while stock indices are not performing terribly, there are many economically sensitive (and luxury) stocks that are down very significantly - which suggests to him that the huge asset price run of the last decades in come to an end prompting the question of the day from CNBC's Cramer-stand-in "You're not looking for a recession in the US are you?" Faber, in his calm, thoughtful way responds, "I think we will have a global recession late this year, early next year", to which a stunned Wapner asks for odds (surely 30%, 50%?) of this recession - "100% certainty" comes the reply to leave Wapner throwing in the towel on any positive spin as Faber suggests the only 'investment' in this case is 'Cash USD' and investors must own some gold , Guest Post: The Taxpayer Funded PR Campaign For Obamacare Begins , Niall Ferguson: "Greece Is The Symptom Not The Cause"

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales… http://albertpeia.com/ecricallsrecession.htm , Dave’s Daily: http://www.etfdigest.com ALGOS FEAST ON RUMORS 5-24-12 ‘The overall news continues to be dreadful. In China the PMI slumped again to 48.7 vs 49.3 in April. China says it will be aggressive with stimulus no doubt meaning QE. In the eurozone manufacturing and services fell to 45.9 vs 46.7 in April. It looks like recession for some economies.Meanwhile in the U.S., Jobless Claims (370K vs 371 exp & prior 372) were unremarkable. Durable Goods Orders (.2 vs .5 expected & prior -3.7) missed expectations and were also unremarkable.U.S. markets are now dominated by HFTs and algos seizing on bullish rumors. Just as Wednesday’s farce was led by rumors of eurozone deposit insurance (denied) and a rumored agreement between Hollande and another unnamed leader of more QE stimulus so Thursday’s declines were mitigated by the very same rumors. All this triggers program trading from algos…’ http://albertpeia.com/dave.htm , The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm { Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm } America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … Suckers’ rally into the close off lows to keep the fraud rollin’ as in previous session, Dave Fry/Dave’s Daily: Timing is Everything vs. Seductive Hype 5-23-12 { Yes, Dave; indeed that’s true, timing is everything, certainly in stock market investing. And, REMEMBER: ONLY A FEW DAYS LEFT TO SELL IN MAY AND GO AWAY!

Guest Post: Keynesianism & Eugenics

Submitted by Tyler Durden on 05/25/2012

While eugenicists and Keynesians make correct descriptive observations — like the fact that certain qualities and traits are inheritable, or more simply that children are like their parents — their attempts to use the state as a mechanism to control these natural systems often turns out to be drastically worse than the natural systems that they seek to replace. As Keynes seems to admit when — in the German language edition of his General Theory — he noted that the conditions of a totalitarian state may be more amenable to his economic theory, the desire for control may be the real story here. Keynesianism brings more of the economy under the control of the state. It is a slow and creeping descent into dependency on the state. As we are seeing in Europe today, cuts in state spending in a state-dependent economy can cause deep economic contraction, providing the Keynesian more confirmation for his idea that the state should tax more, and spend more. That is, until nature intervenes. Just as a state-controlled eugenics program might well spawn an inbred elite suffering hereditary illnesses as a result of a lack of genetic diversity, so a state-controlled economy may well grind itself into the dirt as it runs out of innovation as a result of a lack of economic diversity. Such a situation is unsustainable — no planner is smarter than nature.

Press 1 For English: Is America Destined To Become A Multilingual Nation?

http://albertpeia.com/usmultilingual.htm

‘The quickest way to divide people is to have them speak different languages.  America has always been a nation of immigrants, but one of the things that has always united us as a nation has been the English language.  In the past, it was always understood that if you wanted to thrive in the "land of opportunity" that you had better learn English and learn it well.  Unfortunately, times have changed.  Today, many radical activist groups are actually referring to the English language as a "tool of oppression" and are demanding that special accommodations be made for those that do not wish to learn the English language.  But what languages are we supposed to accommodate?  Overall, there are 325 different languages spoken at home in the United States today.  So which of those languages should receive special treatment?  How far are we really going to take all of this?  Someday, instead of your telephone telling you to "press 1 for English, 2 for Spanish", it may tell you to "press 323 for Italian, 324 for Arabic or 325 for English".  Yes, that is kind of a ridiculous example, but we really should examine where all of this is headed.  Is America destined to become a multilingual nation where we all struggle to understand one another?

Drudgereport: 5-25-12 Plans for emergency immigration controls if euro collapses...
Spanish bank asks for biggest bailout in country's history...
Fear Seen in Money Transfers...
Faber: Chance of Global Recession Now 100%...

ZUCKED UP: CITI LOSES MILLIONS
IPO Seen Deepening Investor Distrust of Stocks...
SEC eyes Nasdaq...

Obama Pot-Smoking 'Choom Gang'...
Thanked drug dealer, not mom, in high-school yearbook...
Twice in 2 Days Mentions 'My Sons' -- even with Teleprompter...

340-pound woman punches, pepper-sprays, spits on PIGGLY WIGGLY workers in bid to steal food...

5-24-12 REAL DEFICIT LAST YEAR: $5 TRILLION...
REPORT: Senate Dems pay female staffers less than male staffers...

HALF OF DETROIT STREETLIGHTS MAY BE TURNED OFF
ZUCKER BORN EVER MINUTE:
FIDELITY facing 'thousands' hit by FACEBOOK woes...

Big European funds dump euro assets...
Investors Running Out of Safe Havens to Put Money?

Flash Mob of 40 Kids Storm 7-ELEVEN over Free Slurpee Promotion, Beat Manager, Raid Shelves...

REPORT: Woman viciously beaten at MCDONALD'S drive-thru...
'This is for you, you white b***ch! This is a grape soda!' { The description of the suspects - two black women and one black man ..

HORROR: Mob of 20 'hooded blacks' storm UK pub, drag man out, stab him to death...
Half of Florida high school students fail reading test...
COPS: 19-year-old white student beaten by two separate black gangs...

Dershowitz: Zimmerman acted in self-defense. so drop murder charge...
Evidence Backs Up George Zimmerman's Version of Shooting...
Witness Told Cops: Trayvon Straddling And Punching 'MMA Style'...

ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose, Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving nigger was enraged by his being thwarted in his scope-out/plundering of Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his true story, Zimmerman was fighting for his life and ultimately saved the citizens of Florida from the future costs of the burgeoning violent, thieving typical nigger-criminal trayvon martin.}
Previous: Holder sues Florida city, says firefight test racist [ Yeah, of course, because dumb niggers can’t read, ‘rite, or do ‘rithmetic! They’re always too busy donning their little hoodies and scopin’ out neighborhoods for their pillaging, plundering, and terrorizing! ]...
Black mob beats white man unconscious on his front porch...
'Now that's justice for Trayvon' (they shout in crazed nigger fashion)...
DERSHOWITZ BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT STUPID'... [ Indeed! And, make no mistake, I never would have thought I’d be agreeing with Alan Dershowitz on anything: http://albertpeia.com/trayvonnewtawana.htm ]

BANG, BANG ‘…taken three minutes after he shot and killed Martin. The photo gives credence to Zimmerman's claim that Martin had bashed his head against the concrete as Zimmerman fought for his life…’

COPS: Suspect angry over Trayvon Martin death beats up white man...

Farrakhan Warns Whites: 'Unless You Change, Your End Has Come'… [ They call this a self-destructive manifestation of the Oedipal Effect: Goodbye niggers, aka unevolved apes/chimps/monkeys – Your end’s already here! Your jigs are up, and you boos are down! Everyone’s onto your nigger jive! Look in the mirror! If only you could change / evolve faster! ] ...
HOLDER PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...

Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot yet' (Mike Tyson vs. Robin Givens: … biggest fight | Ebony ... 8 months after Mike Tyson and Robin Givens were married on Feb…beatings-she filed for divorce)

Panthers Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video)

Dave’s Daily: http://www.etfdigest.com ALGOS FEAST ON RUMORS May 24, 2012 http://albertpeia.com/dave.htm ‘The overall news continues to be dreadful. In China the PMI slumped again to 48.7 vs 49.3 in April. China says it will be aggressive with stimulus no doubt meaning QE. In the eurozone manufacturing and services fell to 45.9 vs 46.7 in April. It looks like recession for some economies.Meanwhile in the U.S., Jobless Claims (370K vs 371 exp & prior 372) were unremarkable. Durable Goods Orders (.2 vs .5 expected & prior -3.7) missed expectations and were also unremarkable.U.S. markets are now dominated by HFTs and algos seizing on bullish rumors. Just as Wednesday’s farce was led by rumors of eurozone deposit insurance (denied) and a rumored agreement between Hollande and another unnamed leader of more QE stimulus so Thursday’s declines were mitigated by the very same rumors. All this triggers program trading from algos, and for retail, is just another turn-off.Gold (GLD) higher early gave back most gains late in the day. Oil (USO) was slightly higher on more Iranian (them again) news. The dollar (UUP) was once again higher and normally would see stocks head lower.But, in a rumor algo driven environment logic quickly becomes a thing of the past since there’s quick bucks to be made.Which path are we on as described below? Okay, I rest my case.Stocks again reversed course late in the day as the same rumors of eurozone solutions triggered algo buying action. Leading sectors were scattered frankly and we’ll view a few below.Volume was lighter Thursday and you can readily see algo activity in the 5 minute SPY chart below. Breadth per the WSJ was mixed…’

The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm { Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ‘We have all been lied to.  For decades, the leaders of both major political parties have promised us that they can fix our current system and that they can get our national debt under control.  As the 2012 election approaches, they are making all kinds of wild promises once again.  Well you know what?  It is all a giant sham.  The United States has gotten into so much debt that there will be no coming back from this.  The current system is irretrievably broken…#32 Professor Laurence J. Kotlikoff, the U.S. is facing a "fiscal gap" of over 200 trillion dollars in the future.  The following is a brief excerpt from a recent article that he did for CNN...The government's total indebtedness -- its fiscal gap -- now stands at $211 trillion, by my arithmetic. The fiscal gap is the difference, measured in present value, between all projected future spending obligations -- including our huge defense expenditures and massive entitlement programs, as well as making interest and principal payments on the official debt -- and all projected future taxes…#33 If you add up all forms of debt in the United States (government, business and consumer), it comes to more than 56 trillion dollars.  That is more than $683,000 per family…}

Turn Out The Lights - The Largest U.S. Cities Are Becoming Cesspools Of Filth, Decay And Wretchedness http://theeconomiccollapseblog.com http://albertpeia.com/biguscitiescesspoolsoffilthdecaywretchedness.htm

45 SIGNS THAT CHINA IS COLONIZING AMERICA http://albertpeia.com/usacommunistchinacolony.htm
{ A sure sign that the communist Chinese have lost their edge; I mean, rationally speaking, who’d want to? } [ Related: Why Is The Obama Administration Allowing The Chinese Government To Buy Up U.S. Oil And Gas Deposits Worth Billions Of Dollars? http://albertpeia.com/chinabuyingamerican.htm ]

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales… http://albertpeia.com/ecricallsrecession.htm , Dave’s Daily: http://www.etfdigest.com ALGOS FEAST ON RUMORS 5-24-12 ‘The overall news continues to be dreadful. In China the PMI slumped again to 48.7 vs 49.3 in April. China says it will be aggressive with stimulus no doubt meaning QE. In the eurozone manufacturing and services fell to 45.9 vs 46.7 in April. It looks like recession for some economies.Meanwhile in the U.S., Jobless Claims (370K vs 371 exp & prior 372) were unremarkable. Durable Goods Orders (.2 vs .5 expected & prior -3.7) missed expectations and were also unremarkable.U.S. markets are now dominated by HFTs and algos seizing on bullish rumors. Just as Wednesday’s farce was led by rumors of eurozone deposit insurance (denied) and a rumored agreement between Hollande and another unnamed leader of more QE stimulus so Thursday’s declines were mitigated by the very same rumors. All this triggers program trading from algos…’ http://albertpeia.com/dave.htm , The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm { Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm } America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … Suckers’ rally into the close off lows to keep the fraud rollin’ as in previous session, Dave Fry/Dave’s Daily: Timing is Everything vs. Seductive Hype 5-23-12 { Yes, Dave; indeed that’s true, timing is everything, certainly in stock market investing. And, REMEMBER: ONLY A FEW DAYS LEFT TO SELL IN MAY AND GO AWAY!

The Real Obama Budget Deficit For 2011: 5 Trillion Dollars

http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm

{ Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://theeconomiccollapseblog.com http://albertpeia.com/34shockingfactsofusdebt.htm ‘We have all been lied to.  For decades, the leaders of both major political parties have promised us that they can fix our current system and that they can get our national debt under control.  As the 2012 election approaches, they are making all kinds of wild promises once again.  Well you know what?  It is all a giant sham.  The United States has gotten into so much debt that there will be no coming back from this.  The current system is irretrievably broken…#32 Professor Laurence J. Kotlikoff, the U.S. is facing a "fiscal gap" of over 200 trillion dollars in the future.  The following is a brief excerpt from a recent article that he did for CNN...The government's total indebtedness -- its fiscal gap -- now stands at $211 trillion, by my arithmetic. The fiscal gap is the difference, measured in present value, between all projected future spending obligations -- including our huge defense expenditures and massive entitlement programs, as well as making interest and principal payments on the official debt -- and all projected future taxes…#33 If you add up all forms of debt in the United States (government, business and consumer), it comes to more than 56 trillion dollars.  That is more than $683,000 per family…}

45 SIGNS THAT CHINA IS COLONIZING AMERICA

http://albertpeia.com/usacommunistchinacolony.htm

{ A sure sign that the communist Chinese have lost their edge; I mean, rationally speaking, who’d want to? }

[ Related: Why Is The Obama Administration Allowing The Chinese Government To Buy Up U.S. Oil And Gas Deposits Worth Billions Of Dollars? http://albertpeia.com/chinabuyingamerican.htm ]

Turn Out The Lights - The Largest U.S. Cities Are Becoming Cesspools Of Filth, Decay And Wretchedness

http://albertpeia.com/biguscitiescesspoolsoffilthdecaywretchedness.htm

Drudgereport: 5-24-12 Flash Mob of 40 Blacks Storm 7-ELEVEN over Free Slurpee Promotion, Beat Manager, Raid Shelves...

REAL DEFICIT LAST YEAR: $5 TRILLION...
REPORT: Senate Dems pay female staffers less than male staffers...

HALF OF DETROIT STREETLIGHTS MAY BE TURNED OFF
NIELSEN: DRUDGE READERS MOST EDUCATED...

Flash Mob of 40 Blacks Storm 7-ELEVEN over Free Slurpee Promotion, Beat Manager, Raid Shelves...

REPORT: Woman viciously beaten at MCDONALD'S drive-thru...
'This is for you, you white b***ch! This is a grape soda!' { The description of the suspects - two black women and one black man - is vague. The best clue police have to go on right now is they were driving a light-blue Cadillac with temporary tags. }

HORROR: Mob of 20 'hooded blacks' storm UK pub, drag man out, stab him to death...
Half of Florida high school students fail reading test...
COPS: 19-year-old white student beaten by two separate black gangs...

Dershowitz: Zimmerman acted in self-defense. so drop murder charge...
Evidence Backs Up George Zimmerman's Version of Shooting...
Witness Told Cops: Trayvon Straddling And Punching 'MMA Style'...

New evidence in Trayvon Martin case raises more questions
Trayvon Martin's autopsy shows he had marijuana in his system the night he was killed by neighborhood watch volunteer George Zimmerman, and a gunshot to his chest came from close range, according to nearly 200 pages of previously undisclosed documents released Thursday.

ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose, Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving nigger was enraged by his being thwarted in his scope-out/plundering of Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his true story, Zimmerman was fighting for his life and ultimately saved the citizens of Florida from the future costs of the burgeoning violent, thieving typical nigger-criminal trayvon martin.}
Previous: Holder sues Florida city, says firefight test racist [ Yeah, of course, because dumb niggers can’t read, ‘rite, or do ‘rithmetic! They’re always too busy donning their little hoodies and scopin’ out neighborhoods for their pillaging, plundering, and terrorizing! ]...
Black mob beats white man unconscious on his front porch...
'Now that's justice for Trayvon' (they shout in crazed nigger fashion)...
DERSHOWITZ BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT STUPID'... [ Indeed! And, make no mistake, I never would have thought I’d be agreeing with Alan Dershowitz on anything: http://albertpeia.com/trayvonnewtawana.htm ]

BANG, BANG ‘…His surprising testimony came the same day that ABC News exclusively obtained a photograph showing the bloodied back of Zimmerman's head, which was apparently taken three minutes after he shot and killed Martin. The photo could give credence to Zimmerman's claim that Martin had bashed his head against the concrete as Zimmerman fought for his life…’

COPS: Suspect angry over Trayvon Martin death beats up white man...

Obama as a Boy Ate Dog Meat [ And, you can bet there’s canabalism in his line; his father being an african ape nigger and his mother a flaky whore; you know, that typical type that schtooped niggers back in the day! ]...
Obama campaign tries to diversify...
...looking to hire more African-Americans [ More dead-weight, contentious, unproductive make-shift, make-work, costly welfare job niggers … just what the nation, strike that, wobama campaign needs.]
Farrakhan Warns Whites: 'Unless You Change, Your End Has Come'… [ They call this a self-destructive manifestation of the Oedipal Effect: Goodbye niggers, aka unevolved apes/chimps/monkeys – Your end’s already here! Your jigs are up, and you boos are down! Everyone’s onto your nigger jive! Look in the mirror! If only you could change / evolve faster! ] ...
HOLDER PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...

'SECOND DEGREE MURDER'...
'We do not prosecute by public pressure or by petition'[B***S***!]...Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The reality is, if that were the criterion and rule, given the overwhelming prevalence of black violence, particularly black on white violence, there’d be a lot of dead niggers. Niggers are a scourge wherever they are; a black plague, if you will. The reality is that in this nation, having been overrun by niggers, americans have become the new age dinosaurs. As for tyson, the ugly little monkey that no one wanted, now full-grown angry ape, his IQ is well below the average 100. Ape tyson is just a disgrace, period. He’s a typical ignorant, violent ape/nigger. Life with ape tyson, also a convicted rapist, was described by his then (soon to be former) wife, Robin Givens, in a live televised interview with him present (you can only imagine the unsaid) as ‘hell’. He’s mentally deranged (too many head shots?), but he does profess typical nigger sentiment. (Mike Tyson vs. Robin Givens: … biggest fight | Ebony ... Eight months after Mike Tyson and Robin Givens were married on Feb. ... beatings -- she filed for divorce)

Panthers Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:
April 11th, 2012 at 9:51 pm 11 percent of population and they always have thier hands out begging for more.No matter how much you give them its never enough.Filthy animals is all they are. (Absolutely correct!)
Dandroid Reply:
April 11th, 2012 at 5:47 pm
Show trial to keep the peace? Cities will burn if hes found not guilty!
Startover Reply:
April 12th, 2012 at 12:04 am
Let the cities burn, send the Army in to finish them off
George Zimmerman is totally innocent
Trayvon is a punk ass killer (also a known thief and would be in futuro typical nigger criminal)
There is only one victim in this case and that is Zimmerman
Eduard Reply:
April 11th, 2012 at 7:28 pm
Precisely!! That was my thought…’ ]
Heroin dealer uses welfare EBT card to post bail [ Yes, he’s a nigger; with unreported cash drug income that gives him welfare as well! ] ...
New Black Panther Party chief of staff apologizes after radio outburst...
'The things that's about to happen, to these honkeys, these crackers, these pigs'...
Black residents fearful after shootings in Tulsa… [ Now they know how the ‘white folk’ feel, everywhere, every day, and the black on white violent crime stats overwhelmingly prove the reality and legitimacy of that concern! Civilized people everywhere are tired of the typical nigger b***s***! ]...
RACE WARS: ZIMMERMAN BREAKS SILENCE...
Family challenges Holder on New Black Panthers...
Hacked roadsign reads: 'Trayvon a n*****'...
CNN says 'f****** n*****' on air...
Anchor: 'N*****' Should Replace 'N-word' in News Reports...

Government Surveillance Crackdown On Internet Goes Into Overdrive...
Congressman fears Obama power grab in 'emergency'...
Fidel Castro mocks Obama over 'guayabera' diplomacy...

Rev. Wright Unleashed: 'White Supremacy' Drives 'World Policy'...
Clarence Thomas Worshipping 'Some Other God'...

REPORT: 'Stunning lack of diversity' in Obama's re-election campaign [ I’d say this is more embarrassing for the self-destructive whites who are for obama; after all, who would be foolish enough to hire the typically uncivilized, problematic, violence / crime prone, etc., blacks? ] ... { to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). }
$1 million pizza party in Detroit -- on sterling silver plates!
WHouse basketballs emblazoned with Obama's image...
HOODIE ON THE HILL...
VIDEO: Dem Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members, keep your purses close when ‘bobby bobby r’ is near; the temptation might prove to be too much for his inner rap nigger soul man. ]
Ex-Black Panther...
Another Says Trayvon 'Hunted Down Like Dog' [Well, if the shoe fits … but, actually, niggers are more like apes, monkeys that only evolved to a point… and some dog-lovers might be offended by comparing niggers to dogs. ]...
Pentagon unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those black niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]

Black Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who do these filthy niggers think they are? ] Take a look at this nigger who kills a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of Florida teen not a racist, lawyer says...
SECRET WITNESS: Self-defense... [Witness: Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different picture than we've seen so far of what happened the night 17-year-old Trayvon Martin was shot and killed.The night of that shooting, police say there was a witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to that witness.What Sanford Police investigators have in the folder, they put together on the killing of Trayvon Martin few know about.The file now sits in the hands of the state attorney. Now that file is just weeks away from being opened to a grand jury.It shows more now about why police believed that night that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told dispatchers he was following a teen. The dispatcher told Zimmerman not to.And from that moment to the shooting, details are few.But one man's testimony could be key for the police."The guy on the bottom who had a red sweater on was yelling to me: 'help, help…and I told him to stop and I was calling 911," he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only wanted to be identified as "John," and didn't not want to be shown on camera.His statements to police were instrumental, because police backed up Zimmerman's claims, saying those screams on the 911 call are those of Zimmerman."When I got upstairs and looked down, the guy who was on top beating up the other guy, was the one laying in the grass, and I believe he was dead at that point," John said.Zimmerman says the shooting was self defense. According to information released on the Sanford city website, Zimmerman said he was going back to his SUV when he was attacked by the teen.Sanford police say Zimmerman was bloody in his face and head, and the back of his shirt was wet and had grass stains, indicating a struggle took place before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun
Hoodie-Wearing niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night  ]
'There were young men scattered everywhere'... [ http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]

Buchanan: It's all about race now...
NAACP condemns nigger apeman sharpton's call for escalation in civil disobedience...
Talkradio host calls for arrest and removal from MSNBC...
Detroit Preacher: 'Isn't The Mood In This Nation That White People Are Better Than Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished truth! And, not just whites; viz., Asians, Hispanics, real American Indians, etc., and most feral beasts except dogs are better than blacks who are at best their equals, though some dog owners/lovers may dispute that. Niggers are a scourge on civilized society wherever they are. Just look around, worldwide, wherever they are, in concentrations particularly; it’s the same nigger story. That’s the way they are. That’s what they are. They are a blight on any neighborhood. They are a blight on any society and an insurmountable burden. They bring any society down. Some will argue, how ‘bout sports?, to which one may reply, ie., just because you go to horse races, doesn’t mean you want to live with horses, or, just because you have monkeys in zoos doesn’t mean you want to live with them, etc., much less cede control and affect over society to them. ] '

PARENTS OF MURDERED WHITE STUDENTS SLAM OBAMA FOR SILENCE [ Well, they’re just white folk, not niggers like obama et als. Moreover, there would be no end to the limitless requests as ‘black on white violent crime’ is at epidemic levels and by far exceeds the miniscule proportions of white on black crime. http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
George Zimmerman's father speaks for first time...
Says Trayvon threatened to kill his son...
'You're going to die tonight'...
ABCNEWS: Police video shows no blood...
Large gash on back of head?
POLICE REPORT: Bleeding from nose, head...
Network names 13-year-old witness...
'Plzz shoot da #mf dat lied 2 u!'
@KILLZIMMERMAN TWITTER feed...
First lady hits Vegas with daughters...
FLASHBACK: Obama: 'You can't go take a trip to Vegas on taxpayer's dime'...
10-car motorcade at Mount Rushmore; tourist access restricted during visit...
[ The niggers are forever so ‘in your face’ with their hypocrisy, sense of entitlement, and divorcement from reality; always pushing the bounds of niggerism to contrive an incident / controversy when rational people finally stand up and say ‘wait just one cotton-pickin’ minute’; so outlandish is the typical black jive / nigger b***s***! ]
Holder loses again: Charges against militia members thrown out … [ The corrupt, biased holder should be going after his fellow niggers, the black panthers! ] ...
COPS: Trayvon protesters ransack store … [ Any excuse for niggers to be niggers! ]...
House dems try to politicize...
Zimmerman a registered Democrat...
'You ain't tell me you swung on a bus driver'...
Multiple suspensions from school: marijuana, grafitti, 'possession of burglary tool,' jewelry...
Suspended THREE times for drugs, truancy and graffiti and 'caught carrying a burglary tool': New picture emerges of Trayvon Martin (and did he attack a bus driver too?)

• The teen was suspended from school three times
• He was on suspension when he was shot in February, after officials caught him with a 'marijuana pipe' and a baggie with drug residue
• Trayvon was kicked out of school in October for graffiti after he was allegedly caught with a 'burglary tool' and a bag full of women's jewelry

• Officials also suspended him once for skipping school and tardiness

· Trayvon Martin was suspended from school three times in the months before he was shot dead by a neighborhood watchman, it emerged today.

· The facts, revealed in a leaked report, paint a different picture of a teenager who frequently found himself in trouble with authorities.

· It was also revealed that he might have attacked a bus driver, according to a Twitter account that it is claimed belonged to the teen.

The Miami Herald claims that in October, he was caught with a 'burglary tool' - a flathead screwdriver - and 12 pieces of women's jewellery. Martin insisted that they did not belong to him.

POLICE: Black teenagers light 13-year-old on fire; 'You get what you deserve, white boy'...
Typical n*****s! Come on! People are tired of making making up excuses for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white people'... [ Typical n*****s! Good thing there are food stamps; otherwise they’d be reverting to their inherent proclivity for canabalism (send them back to africa … even give them a lump sum for an irrevocable repatriation incentive … a huge cost-saving beyond the first year with substantial salutary effects for the nation, the economy, and the remaining civilized non-blacks). The other major crimes they do anyway. It’s their nature. You’ll never change the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security... [ I refrained from using the ‘n word’ (or even blacks / negroes) in referring to the culprits in the following two incidents (those tender sensibilities) but I’m sure you’ve guessed that they were niggers and I include same here in light of the foregoing incident (and yes, the victims were white), which is typical. ‘.. while walking through Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion (limbic system / adrenalin flow) I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped / a crowd gathered / an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA’s position with both felonies ( he went to prison – pled out ). The other case I wrote about here ( This was included on my website in the Psychology forum discussion of ‘bystander effect’ / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparently had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp (a police officer here in California was the object of intense criticism for having used a flashlight to subdue a criminal / nigger after a long chase so I included that here) . The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal / nigger went to jail (where they belong). The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). ]
Black Serial/Mass/Spree Killer List:
1. Matthew Emanuel Macon (Murdered and Raped 5 White Women in Lansing)
2. Jimmie Reed (Murdered his wife and his 2 month old daughter and set them on fire)
3. Shelly Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)
4. Justin Blackshere (Stabbed two white cooks at Cheli’s Chili downtown Detroit)
5. Jervon Miguel Coleman (Murdered three people.)
6. Donell Ramon Johnson (Murdered a mother and a daughter)
7. Brian Ranard Davis (6 women known murdered by nigger)
8. Paul Durousseau (Seven women)
9. Mark Goudeau “The Baseline Killer” (Eight women and a man in 2005-2006)
10. Coral Eugene Watts (11 women in Texas & 1 in Michigan)
11. Anthony McKnight (Five girls and young women)
12. Derrick Todd Lee (8 Women)
13. Charles Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15 years!)
14. The Zebra Killings (71 White people)
15. Chester Turner (L.A.s most prolific killer 12 women killed.)
16. Lorenzo J. Gilyard (Kansas City, MO.—13 victims)
17. Eugene Victor Britt (Gary, IN.–3 known murder/rapes.)
18. Reginald and Jonathan Carr (The Wichita Massacre–6 Whites murdered)
19. Ray Joseph Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people in 7 days, including an entire White family.)
20. The Tinley Park Murderer (Suspect hasn’t been found but has been described as black – murdered 5 women in a store.)
21. Henry Louis Wallace (Raped and strangled 5 women to death.)
22. Charles Johnston (Murdered 3 unarmed white men in hospital)
23. Craig Price (Brutally murdered 3 women)
24. Harrison Graham (Brually Murdered 3 women)
25. Charles Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council. )
26. & 27. Darnell Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)
28 &29. John Allen Muhammad & Lee Boyd Malvo (Sniped 11 people from a car in DC, 9 died.)
30. George Russell (3 women, WA state)
31. Timothy W. Spencer (5 killed, Arlington, VA and Richmond, VA)
32. Elton M. Jackson (12 gay men killed, Norfolk, VA area)
33. Carlton Gary (3 killed in Columbus, GA)
34. Mohammed Adam Omar (16 women, Yemen. Omar is Sudanese.)
35. Kendall Francois (8 women, Poughkeepsie, NY and surrounding areas.)
36. Terry A. Blair (8 women, Kansas City area)
37. Wayne Williams (33 many of them children!, Atlanta, GA)
38. Vaughn Greenwood (11 killed in LA)
39. Andre Crawford (10 killed in Chicago – southside)
40. Calvin Jackson (9 killed possibley more in NY)
41. Gregory Klepper (killed 8, Chicago – southside)
42. Alton Coleman (Killed 8 in the Midwest)
43. Harrison Graham (killed 7+ in N. Philadelphia)
44. Cleophus Prince (6 killed in, San Diego
45. Robert Rozier (7 killed in, Miami)
46. Maurice Byrd (killed 20 + in St. Louis)
47. Maury Travis (17 and rising, St. Louis and possibly also Atlanta)
48. Hulon Mitchell, a.k.a. Yahweh Ben Yahweh (killed 20+ in Florida)
49. Lorenzo Fayne (killed 5 children in East St. Louis, IL)
50. Paul Durousseau, (killed 6, two of which were pregnant women, Jacksonville, FL; Georgia.)
51. Eddie Lee Mosley (killed 25 to 30 women, south Florida)
52. Henry Lee Jones (killed 4 in, south Florida; Bartlett, TN)
53. Richard “Babyface” Jameswhite (15 killed in, New York; Georgia.)
54. Donald E. Younge, Jr. (killed 4), East St. Louis, IL; Salt Lake City, UT.
55. Ivan Hill (killed 6 in Los Angeles area).
56. Michael Vernon (Bronx, NY. Killed at least seven people – )
57. Chester Dewayne Turner (12 women killed in, Los Angeles)
ARREST MADE IN LOS ANGELES GRIM SLEEPER SERIAL KILLER CASE July 07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME |By Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested a suspect in the Grim Sleeper serial killer case and will charge him with 10 counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of attempted murder, Capt. Kevin McClure with the Los Angeles Police Department said.Franklin will arraigned in court Thursday morning, McClure said.The California Attorney General's office attributed the arrest to DNA collected from a relative of the suspect, in a controversial and rarely used practice known as familial DNA search.’
Of Course There Are Black Serial Killers by Lynette Holloway on  July 15, 2010 The case of the "Grim Sleeper" inspires a second look at the popular perception that serial killing is the province of clever white men.
Serial Murderers' Row July 16, 2010 The following black men are among the most prolific serial killers in U.S. history. http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus: Behind the myth that only white men commit such crimes.
Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved In Fights At Mall Of America After Rumors That Rappers Are There...

Miami Heat Players Don Hoodies...
'Dead or Alive' Poster Issued by New Black Panther Party... [ ‘Minority Report’ Division of Pre-Crime, Pre-Cogs say, ‘Dead or Alive – all niggers’ … whatever the outcome in the investigative process, the stark reality is that at least, unlike the niggers committing many more ‘black on white’ violent crimes, Zimmerman (and this is no endorsement – I won’t be looking at this one incident all that closely) was at least trying to do a good thing made necessary by the ever increasing number of brutal crimes committed by the black thugs in neighborhoods across the nation; then there’s somalian pirates, etc.. People domestically and internationally are suffering from nigger-fatigue and are totally niggered out. Oh, yeah, there are some Hollywood types who feel good about themselves having niggers around and helping niggers to help them feel better than they really are, insecure as they are, by being better than at least someone beyond fantasy. Loony george clooney is one. Dreadfully boring and with that monotone, monotonous voice and not that bright, he’s not even able to fake it on screen as an action hero (ie., batman, what a horrific miscast) wimpy pussy in reality that he is; then there’s the ‘black (sean) penn’ who cried like a baby while incarcerated for a couple of days not that long ago. The atheist jolie, so fatherly troubled as she is, has let the equally mentally troubled pitt (she so nutty she makes him feel somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be the closest she’s gotten to her black projects. Let them live anonomously (in disguise) with the niggers for some time for a real close look and then see what’s left of their predisposed love for the nigger. Then there’s the italian scallion, booby deniro; drug addled as his black wife high-tower, what a total embarrassment to Italians everywhere; even as he tried to ingratiate himself recently with niggers everywhere and particularly national embarrassment mammy michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan Africa! ]
'BLACK NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE CONTRARY ] ARE UNDER ATTACK [ SAYS NIGGER SHAKEDOWN ARTIST JACKSON] ' [ Hold on one cotton-pickin’ minute jesse, that’s not what the facts say Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d look just like any other nigger. And, don’t worry about the black vote, failed president wobama the b for b***s*** will get nearly if not all, 100% of the nigger vote! Drudgereport: Farrakhan Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks that would have to be retaliated against based upon the hushed reality of the prevalence of black on white crime? The blacks should be careful what they wish for in playing that game because the facts don’t break in their favor. ] ...

People have become weary of making up excuses for blacks (like obama, holder, etc.). At some point, as now, people should not be timid about relating the cold, unvarnished truth statistically / factually about blacks and, ie., black on white violent crime, etc..

 From Pat Buchanan: As for racism, its ugliest manifestation is in interracial crime, and especially interracial crimes of violence. Is Barack Obama aware that while white criminals choose black victims 3 percent of the time, black criminals choose white victims 45 percent of the time? Is Barack aware that black-on-white rapes are 100 times more common than the reverse, that black-on-white robberies were 139 times as common in the first three years of this decade as the reverse? We have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned out to be hoaxes. But about the epidemic of black assaults on whites that are real, we hear nothing.

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

The reality is that blacks are an insoluble problem wherever they are. That’s not going to ever change; not make-shift/make-work jobs; not programs; not anything tried or to be tried; hence, they must be treated as exactly that – problems – before a solution can be derived and fashioned. ] [ Send the niggers, including niggerbama back to sub-saharan africa! ]

Eurobonds: The Issue That Could Shatter Europe http://albertpeia.com/eushatteringeubonds.htm ‘...In fact, it is being estimated that Germany could be facing an extra 50 billion euros a year in interest expenses.  So over ten years that would come to about 500 billion euros.  Needless to say, Germany is not thrilled about this idea…’ { Understandably so! Rationally speaking, would you be thrilled if in their place?} ,  Greece Could Implode the Second Bailout and the EU by Mid-June http://albertpeia.com/greecesecondbailouteuimplosion.htm

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales… http://albertpeia.com/ecricallsrecession.htm , Dave Fry/Dave’s Daily: Timing is Everything vs. Seductive Hype 5-23-12 { Yes, Dave; indeed that’s true, timing is everything, certainly in stock market investing. And, REMEMBER: ONLY A FEW DAYS LEFT TO SELL IN MAY AND GO AWAY! Great opportunity to sell into this short-covering / HFT algo-driven rally into the close to window dress the bad news / bad fundamentals scenario; because, there are no bargains on fraudulent wall street. Dave’s Daily: http://www.etfdigest.com ‘…After being down nearly 200 points markets turned around late as the infamous 2:15 PM Buy Program Express kicked-in (a few minutes late) and stocks rallied sharply off lows as another short squeeze began…’ I’ve included this link for Bidermann’s summary from Dave’s Daily: http://albertpeia.com/dave.htm }, Greece Could Implode the Second Bailout and the EU by Mid-June http://albertpeia.com/greecesecondbailouteuimplosion.htm , Eurobonds: The Issue That Could Shatter Europe http://albertpeia.com/eushatteringeubonds.htm , As Reality Recedes, Rumor Rampage Returns , Biderman On Bad Data And China's Recession , On The Predictability Of European Lies , HP to lay off about 27,000, profit slides 31 percent , http://albertpeia.com/obamas5trilliondollarlie.htm , http://albertpeia.com/fedecbcantstopcomingcrash.htm , http://albertpeia.com/bankrunsspainitalyeuropeanarchy.htm , JPMorgan Estimates Immediate Losses From Greek Exit Could Reach 400 Billion ZeroHedge.com Durden , Are They Insane? 58 Percent Of Americans Believe Economic Conditions In The United States Will Be Good A Year From Now http://albertpeia.com/insanelyoptimistic.htm , If You Live In California Things Just Got A Whole Lot Worse http://albertpeia.com/hopelesscluelesscalifornia.htm Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm

Eurobonds: The Issue That Could Shatter Europe

http://albertpeia.com/eushatteringeubonds.htm

Greece Could Implode the Second Bailout and the EU by Mid-June

May 23, 2012 By gpc1981 http://albertpeia.com/greecesecondbailouteuimplosion.htm

Drudgereport: 5-23-12 GOOGLE chairman: 'We face fight for future of web'... ‘One of Google’s most senior executives issued a stark warning tonight that the power of the internet to free some of the world’s most oppressed people risks being overturned by autocratic governments who seek to “Balkanise” the web by controlling what can be accessed…dictatorial regimes were increasingly looking to control who has access to the web by “filtering information they fear or prohibit.”…’

UPDATE: Eurozone looks at Greek exit as leaders meet...
Germans ready to boot Greece out...

ARMING OF DRONES IN AMERICA

Russia tests new missile, in warning over U.S. shield...

Feds questioned accused cocaine trafficker about Sharpton (the ‘cocaine diet’), Diddy, Wyclef Jean...

BBC: 'Barcode Everyone at Birth' with 'implanted chips'...
Bilderberg Pushes Mandatory Internet ID for Europe...
Bars using new app and hidden cameras to scan customers' faces...

IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES (Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT (Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United States of America while Barack Obama is President.  The evidence is overwhelming:  everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed.  Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each.  Nearly 2-1/2 million fewer Americans have jobs than before the stimulus. Barack Obama has been President for 30 months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.  He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW.  His broken campaign promises are too numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD-BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!

The EU Political Game of Growth Vs. Austerity is Akin to Polishing the Brass on the Titanic May 22, 2012 By gpc1981 http://albertpeia.com/eusstitanic.htm , Facebook’s ‘falling knife’ shares drop again Market Watch , Dave’s Daily: http://www.etfdigest.com STOCK INVESTORS LACK CONVICTION { Shades of the dot.com bubble/fraud of yesteryear, facebook’s already being referred to as a debacle, ie., infra, ‘Facebook (FB) debacle remains fixed in the minds of many investors which only made Monday’s rally weirder. (FB) fell another 9% Tuesday making the total decline from the IPO 18%. Like I stated yesterday, there will be books and case studies written about this issue.’ The frauds on wall street still scammin’ and jammin’. } 5-22-12 ‘European stocks rallied early on news that the EU ministers are going for growth vs austerity. China had already chimed-in that it was going to do the same which provided a spark.Supposedly there’s a rumor and story going around that Greece is being supported by a secret ECB lending facility ELA (Emergency Liquidity Assistance) of €100 billion. This signals more trouble than the rosy Kumbaya comments announced at the G-8 meeting. Further, late day news indicated more EFSF (European Financial Stability Facility) rescue funds for Greek banks: Chart below courtesy of Zero Hedge: http://albertpeia.com/geuexitprep.jpg ,

Facebook IPO: CIA and Goldman Sachs Take the Suckers for a Stroll Kurt Nimmo | Stasibook takes on a side project — to enrich insiders while taking the outsiders to the cleaners

The Facebook Maginot Histogram - Here Is How Morgan Stanley Just Gave Up Update:  well, our feeling was correct:

MASSACHUSETTS SUBPOENAS MORGAN STANLEY OVER FACEBOOK
MASSACHUSETTS SEEKS MS COMMENTS TO INSTUTIONAL INVESTORS ON FB
MASSACHUSETTS SUBPOENAS MORGAN STANLEY OVER FACEBOOK COMMENTS

The EU Political Game of Growth Vs. Austerity is Akin to Polishing the Brass on the Titanic May 22, 2012 By gpc1981 http://albertpeia.com/eusstitanic.htm

Drudgereport: 5-22-12 ZUCKED!

NASDAQ WOULD HAVE PULLED STOCK....
THE $40 BILLION VANISH...
MORGAN STANLEY Under Review...
Massachusetts subpoenas...
Selloff Nearly Turned Into Bigger Run...
Stock Loses 18% of value...
Investor Sues...
'The insiders got greedy'...
'They knew the jig was up'...
Zuckerberg sell shares...
FRIENDS: OBAMA TOUTED FACEBOOK IN 'CAMPAIGN' TOWN HALL...
DOOM: FACEBOOK could destroy economy?
REPORT: Woman viciously beaten at MCDONALD'S drive-thru...
'This is for you, you white b***ch! This is a grape soda!' { The description of the suspects - two black women and one black man - is vague. The best clue police have to go on right now is they were driving a light-blue Cadillac with temporary tags. }

HORROR: Mob of 20 'hooded blacks' storm UK pub, drag man out, stab him to death...
Half of Florida high school students fail reading test...
COPS: 19-year-old white student beaten by two separate black gangs...

Dershowitz: Zimmerman acted in self-defense. so drop murder charge...
Evidence Backs Up George Zimmerman's Version of Shooting...
Witness Told Cops: Trayvon Straddling And Punching 'MMA Style'...

New evidence in Trayvon Martin case raises more questions
Trayvon Martin's autopsy shows he had marijuana in his system the night he was killed by neighborhood watch volunteer George Zimmerman, and a gunshot to his chest came from close range, according to nearly 200 pages of previously undisclosed documents released Thursday.

ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose, Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving nigger was enraged by his being thwarted in his scope-out/plundering of Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his true story, Zimmerman was fighting for his life and ultimately saved the citizens of Florida from the future costs of the burgeoning violent, thieving typical nigger-criminal trayvon martin.}
Previous: Holder sues Florida city, says firefight test racist [ Yeah, of course, because dumb niggers can’t read, ‘rite, or do ‘rithmetic! They’re always too busy donning their little hoodies and scopin’ out neighborhoods for their pillaging, plundering, and terrorizing! ]...
Black mob beats white man unconscious on his front porch...
'Now that's justice for Trayvon' (they shout in crazed nigger fashion)...
DERSHOWITZ BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT STUPID'... [ Indeed! And, make no mistake, I never would have thought I’d be agreeing with Alan Dershowitz on anything: http://albertpeia.com/trayvonnewtawana.htm ]

BANG, BANG ‘…His surprising testimony came the same day that ABC News exclusively obtained a photograph showing the bloodied back of Zimmerman's head, which was apparently taken three minutes after he shot and killed Martin. The photo could give credence to Zimmerman's claim that Martin had bashed his head against the concrete as Zimmerman fought for his life…’

People have become weary of making up excuses for blacks (like obama, holder, etc.). At some point, as now, people should not be timid about relating the cold, unvarnished truth statistically / factually about blacks and, ie., black on white violent crime, etc..

 From Pat Buchanan: As for racism, its ugliest manifestation is in interracial crime, and especially interracial crimes of violence. Is Barack Obama aware that while white criminals choose black victims 3 percent of the time, black criminals choose white victims 45 percent of the time? Is Barack aware that black-on-white rapes are 100 times more common than the reverse, that black-on-white robberies were 139 times as common in the first three years of this decade as the reverse? We have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned out to be hoaxes. But about the epidemic of black assaults on whites that are real, we hear nothing.

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

The reality is that blacks are an insoluble problem wherever they are. That’s not going to ever change; not make-shift/make-work jobs; not programs; not anything tried or to be tried; hence, they must be treated as exactly that – problems – before a solution can be derived and fashioned. ] [ Send the niggers, including niggerbama back to sub-saharan africa! ]

Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { I disagree to the extent that this economic scenario is posited as anything but presently already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } , Neither the Fed Nor the ECB Will Be Able to Stop What’s Coming http://albertpeia.com/fedecbcantstopcomingcrash.htm , Jim Cramer Is Predicting Bank Runs In Spain And Italy And Financial Anarchy Throughout Europe http://albertpeia.com/bankrunsspainitalyeuropeanarchy.htm { The one ‘glass half-full’ thing that’s going for them is that perma-bull Cramer is so wrong, so often, in very big ways; yet, realistically one must admit that if cramer’s saying so, it’s many times worse!

Jim Cramer Is Predicting Bank Runs In Spain And Italy And Financial Anarchy Throughout Europe http://albertpeia.com/bankrunsspainitalyeuropeanarchy.htm { The one ‘glass half-full’ thing that’s going for them is that perma-bull Cramer is so wrong, so often, in very big ways; yet, realistically one must admit that if cramer’s saying so, it’s many times worse! }

Neither the Fed Nor the ECB Will Be Able to Stop What’s Coming http://albertpeia.com/fedecbcantstopcomingcrash.htm

New Bill Would Make It Legal To Target Propaganda And "Psychological Operations" Directly At U.S. Citizens

http://albertpeia.com/targetinguscitizens.htm

The Top 50 Excuses For Not Prepping

http://albertpeia.com/top50excusesfornotprepping.htm

Gross / PIMCO On Facebook: "I Know A Bubble When I See One"

The Facebook IPO: The Last Great Wall Street Party http://albertpeia.com/lastwallstreetparty.htm , ‘Jersey Boy Bruce’, Stalwart Wobama Supporter, Will He Change the Words to: ‘Wasn’t Born in the U.S.A.’,‘Wasn’t Born in the U.S.A.’ http://albertpeia.com/wasntbornintheusa.htm Say it isn’t so ,‘Jersey Boy Brucie’! http://albertpeia.com/obp.jpg Sing it Brucie: Not born in the usa, Not born in the usa, O’s not born in the usa, O wasn’t born in the usa! , http://albertpeia.com/impeachobama.htm

Biderman On Malinvestment And Diminishing Returns From Intervention Charles Biderman of TrimTabs discusses the reality of the macro environment with Madeline Schnapp - though do not worry as the sense of sarcasm and disbelief at the government's actions and hopes is palpable. Noting that our economy is at best growing 'sluggishly' based off her real-time macro data,  Biderman's right hand goes on to explain to him that inflation is running hotter than the government would like us to believe. More importantly, she hits the nail on the head with regard to what Biderman notes is the wasted stimulus money, saying that the economy needs to clear the malinvestments, not sustain them through stimulus transmission mechanisms, in order for growth to once again re-appear. Historically QE2 did manage to create some inventory restocking and pick up in wages/salaries in Q1 2011 but Operation Twist appears to have little to no impact on the real economy (outside of government statistical modelers) - which as we have said before indicates the diminishing returns to government intervention. What is clear is that, as we have noted, that post the 1971 modified gold standard, over a long-period of time it has taken an 'unsustainably' increasing amount of government debt to create economic growth - with the post-2008 insanity that we need $2.50 to create $1 of economic growth. The two end with a discussion of the debt ceiling and deficit potential for a black swan event.

As The Chinese Car "Channel Stuffing" Bubble Pops, "Debilitating Price Cuts" Arrive The fact that GM's "stunning" car sales have been in no small part driven exclusively by its eagerness to stuff dealers with unsold inventory, aka channel stuffing, is well known to Zero Hedge readers - we have been covering the subject for over a year now. What we did not know, yet what in retrospect is so glaringly obvious, is that the GM ploy of fooling the dumbest sellside analysts and investors all the time has now gone global.

‘Jersey Boy Bruce’, Stalwart Wobama Supporter, Will He Change the Words to:

‘Wasn’t Born in the U.S.A.’ , ‘Wasn’t Born in the U.S.A.’

http://albertpeia.com/wasntbornintheusa.htm

Say it isn’t so ,‘Jersey Boy Brucie’!

http://albertpeia.com/obp.jpg

Sing it Brucie:

Not born in the usa,

Not born in the usa,

O’s not born in the usa,

O wasn’t born in the usa!

http://albertpeia.com/impeachobama.htm

Breaking: Smoking Gun Evidence Obama Born in Kenya

breitbart.com | Obama’s publisher reveals more evidence Obama in violation of the Constitution.

Oops! Text Editor Rushes Out Apology for Kenya ‘Mistake’ in Obama’s Bio

Aaron Dykes | Publicist says “fact checking” not correspondence with Obama to blame, as apology is rushed out

Official Bio Said Obama Kenyan Born UP UNTIL April 2007 When Campaign Began

Infowars | Over 16 Years, Obama’s Literary Agency Circulated Official Biography Listing Birthplace as Kenya, Suddenly Changing it to Hawaii in 2007 Ahead of Bid for Highest Office

Bombshell: Obama “Born in Kenya”

Infowars | Obama’s own authorized biography while president of the Harvard Law Review says he was “born in Kenya.”

Evidence Obama Born In Kenya Goes Beyond 1991 Brochure

Paul Joseph Watson | Establishment media pulls stunt in effort to diffuse ‘birther’ controversy.

Establishment media pulls stunt in effort to diffuse ‘birther’ controversy

Paul Joseph Watson Infowars.com Friday, May 18, 2012

The establishment media hastily seized on yesterday’s explosive story about a literary publication listing Barack Obama’s birthplace as Kenya in an effort to claim that the 1991 brochure was the “origin” of the entire ‘birther’ issue. In reality, evidence that Obama was born in the African country is abundant.

A literary agent’s promotional text for a 1991 brochure released yesterday by Breitbart.com states Obama was “born in Kenya and raised in Indonesia and Hawaii.”

Yahoo News, along with a deluge of other mainstream news outlets, responded by reporting that the document was potentially the “source” of the birther controversy and had merely been a mistake.

The literary agent who wrote the description, Miriam Goderich, now works with Dystel & Goderich agency, which lists Obama as one of its clients. Unsurprising therefore that Goderich hastily claimed listing Obama’s birthplace as Kenya was “nothing more than a fact checking error.”

However, evidence to indicate that Obama war born in Kenya is plentiful and it goes significantly beyond the 1991 version of the brochure.

- Despite claiming the passage about Obama’s birthplace being Kenya was a mistake, the listing still maintained that Obama’s birthplace was Kenya until after Obama became a U.S. Senator. “Goderich’s statement fails to explain why the “fact checking error” persisted for sixteen years, through at least three different versions of Jane Dystel’s website, and through at least four different versions of Obama’s biography,” reports Breitbart.com.

- The literary agency also updated the text in June 1998, but the part about Obama being born in Kenya was retained.

- The text was again updated in February 2005 to reflect the fact that Obama had become a Senator, but Kenya was still listed as his birthplace.

- After an April 2007 modification of the text, the passage still read Obama, “was born in Kenya.”

- As Steve Boman reveals, the Dystel & Goderich agency asks its clients to submit their own biography, meaning it’s virtually impossible the listing of Obama’s birthplace as Kenya could have been a “fact checking error” on behalf of the literary company itself.

- During a speech about HIV, First Lady Michelle Obama said she and Barack Obama “visited his home country of Kenya.” Watch the clip below.

- In 2008, Obama’s paternal step grandmother appeared to indicate publicly that Barack Obama was born in Kenya. In an interview conducted by American Christian minister Ron McRae, Sarah Obama was asked, ‘Were you present when your grandson was born in Kenya?’” McRae testified in his sworn statement. “This was asked to her in translation twice, and both times she replied, “Yes! Yes she was! She was present when Obama was born.”

- Another source who met Sarah Obama told World Net Daily, “I have keenly and attentively listened to the tape over and over again, and I can confirm from Sarah’s own confession that Barack Obama was born in Kenya in her presence.”

- A separate Kenyan government official agreed, stating, “I have listened to the tape. The preacher asked whether Barack Obama was born in Mombassa, and the translator asked the same. When she said Mombassa, it was like a surprise, and those there thought she could not have meant to say Mombassa.”

- When New York Times bestselling author Jerome Corsi traveled to Kenya to investigate the claims, he was almost immediately kicked out of the country by Kenyan officials.

- When Kenya’s National Security Intelligence Service investigated claims that Obama was born in Kenya, officials in Nairobi found “relevant birth records may have been removed or were missing.”

- Obama has deep political connections in Kenya. From 2006 onwards he rallied in support of Islamist Raila Odinga in Kenya, helping him impose Sharia law. When Odinga lost the Kenyan election in 2008, his supporters rioted, unleashing a wave of violence. Despite the bloodshed, Obama used his influence to aid Odinga in retaining his position as part of a coalition government.

For the mainstream media to imply that the 1991 brochure is the “source” of the claim that Obama was born in Kenya is completely inaccurate. Not only was that brochure updated many times right up until 2007, with the information about Obama’s birthplace being Kenya retained, but there are numerous other factors which all indicate that Kenya could indeed be Obama’s homeland.

*********************

Paul Joseph Watson is the editor and writer for Prison Planet.com. He is the author of Order Out Of Chaos. Watson is also a regular fill-in host for The Alex Jones Show and Infowars Nightly News.

Similar/Related Articles

1. Literary Company Behind Kenya “Error” Still Lists Obama As Client
2. Breaking: Smoking Gun Evidence Obama Born in Kenya
3. Bombshell: Obama “Born in Kenya”
4. Oops! Text Editor Rushes Out Apology for Kenya ‘Mistake’ in Obama’s Bio
5. Official Bio Said Obama Kenyan Born UP UNTIL April 2007 When Campaign Began
6. Shocking New Birth Certificate Proof Obama Born In Kenya?
7. Meme-Stream Media Offers Counter-Theory: Maybe 1991 Mistake Birthed ‘Birthers’
8. Video: Barack Obama Was Born in Kenya
9. What if Barack Obama was in fact born British?
10. Michelle Obama: Kenya is Obama’s Home Country
11. Hawaii elections clerk: Obama not born here
12. AP declared Obama “Kenyan-Born”

Obama Impeachment Bill Goes Viral!

Infowars.com | Alex speaks with Congressman Walter B. Jones, Jr. about H.CON.RES.107.

http://albertpeia.com/impeachobama.htm

Drudgereport: 5-18-12 Romney warns economy is on 'path of California'... { Yes, that’s really true; and, beyond the hype and propaganda, that’s a real negative! }
Debt Up $12,984 Per Household Since 2011 Spending Deal...

Underwriters Stepped In to Support Shares at Offering Price...
Trade Disorder Plagues Nasdaq...
Messy Debut...
'Disastrous'...
SEC to probe glitches...
Zuckerberg In '04: 'No Intention' Of Making Money...

FAKEBOOK: IPO GIVES NO RETURN

NATO protesters occupy Chicago streets...
Police Raid Apartment, Seize Beer-Making Equipment...
40 Fed Agencies Man Secret Command Center...

Half of Florida high school students fail reading test...
COPS: 19-year-old white student beaten by two separate black gangs...

Dershowitz: Zimmerman acted in self-defense. so drop murder charge...
Evidence Backs Up George Zimmerman's Version of Shooting...
Witness Told Cops: Trayvon Straddling And Punching 'MMA Style'...

New evidence in Trayvon Martin case raises more questions
Trayvon Martin's autopsy shows he had marijuana in his system the night he was killed by neighborhood watch volunteer George Zimmerman, and a gunshot to his chest came from close range, according to nearly 200 pages of previously undisclosed documents released Thursday.

ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose, Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving nigger was enraged by his being thwarted in his scope-out/plundering of Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his true story, Zimmerman was fighting for his life and ultimately saved the citizens of Florida from the future costs of the burgeoning violent, thieving typical nigger-criminal trayvon martin.}
Previous: Holder sues Florida city, says firefight test racist [ Yeah, of course, because dumb niggers can’t read, ‘rite, or do ‘rithmetic! They’re always too busy donning their little hoodies and scopin’ out neighborhoods for their pillaging, plundering, and terrorizing! ]...
Black mob beats white man unconscious on his front porch...
'Now that's justice for Trayvon' (they shout in crazed nigger fashion)...
DERSHOWITZ BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT STUPID'... [ Indeed! And, make no mistake, I never would have thought I’d be agreeing with Alan Dershowitz on anything: http://albertpeia.com/trayvonnewtawana.htm ]

BANG, BANG ‘…His surprising testimony came the same day that ABC News exclusively obtained a photograph showing the bloodied back of Zimmerman's head, which was apparently taken three minutes after he shot and killed Martin. The photo could give credence to Zimmerman's claim that Martin had bashed his head against the concrete as Zimmerman fought for his life…’

GOOGLE FOUNDERS PLAN SPACE BIZ { Spaced out! The new boondoggle! Clearly, in desperation this must be the NSA (recall that google has that ‘cozy’ relationship with the NSA presumably for your data, searches, activity, etc.) pushing their ‘spread the new propaganda / b***s***’ line, the googleheads their mouthpiece! How totally pathetic! How totally desperate! Unfortunately for them, the writing’s already on the wall; hence, their inconsequential, too little too late, desperation. If this wasn’t so pathetically desperate and tragic, this would be laughable; not to mention the costs relative to benefits and a time horizon sufficient to recoup capital (payback)much less earn a profit – Remember: Decades at best! (I wonder what the insurance premiums alone on this pipedream would be – oh, right, self-insurance). Let’s see where they divert the new boondoggled funds from; stock issue?, taxpayers?, illegal drug trade – strike that as doubtful – they’re the greediest and lack the patience for a drawn out score! Of course the other possibility that begs the typical california question of these california googlers is, ‘what have they been smoking’? http://albertpeia.com/nsawhistleblowerspeaks.htm }

COPS: Suspect angry over Trayvon Martin death beats up white man...

Obama as a Boy Ate Dog Meat [ And, you can bet there’s canabalism in his line; his father being an african ape nigger and his mother a flaky whore; you know, that typical type that schtooped niggers back in the day! ]...
Obama campaign tries to diversify...
...looking to hire more African-Americans [ More dead-weight, contentious, unproductive make-shift, make-work, costly welfare job niggers … just what the nation, strike that, wobama campaign needs.]
Farrakhan Warns Whites: 'Unless You Change, Your End Has Come'… [ They call this a self-destructive manifestation of the Oedipal Effect: Goodbye niggers, aka unevolved apes/chimps/monkeys – Your end’s already here! Your jigs are up, and you boos are down! Everyone’s onto your nigger jive! Look in the mirror! If only you could change / evolve faster! ] ...
HOLDER PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...

'SECOND DEGREE MURDER'...
'We do not prosecute by public pressure or by petition'[B***S***!]...Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The reality is, if that were the criterion and rule, given the overwhelming prevalence of black violence, particularly black on white violence, there’d be a lot of dead niggers. Niggers are a scourge wherever they are; a black plague, if you will. The reality is that in this nation, having been overrun by niggers, americans have become the new age dinosaurs. As for tyson, the ugly little monkey that no one wanted, now full-grown angry ape, his IQ is well below the average 100. Ape tyson is just a disgrace, period. He’s a typical ignorant, violent ape/nigger. Life with ape tyson, also a convicted rapist, was described by his then (soon to be former) wife, Robin Givens, in a live televised interview with him present (you can only imagine the unsaid) as ‘hell’. He’s mentally deranged (too many head shots?), but he does profess typical nigger sentiment. (Mike Tyson vs. Robin Givens: … biggest fight | Ebony ... Eight months after Mike Tyson and Robin Givens were married on Feb. ... beatings -- she filed for divorce)

Panthers Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:
April 11th, 2012 at 9:51 pm 11 percent of population and they always have thier hands out begging for more.No matter how much you give them its never enough.Filthy animals is all they are. (Absolutely correct!)
Dandroid Reply:
April 11th, 2012 at 5:47 pm
Show trial to keep the peace? Cities will burn if hes found not guilty!
Startover Reply:
April 12th, 2012 at 12:04 am
Let the cities burn, send the Army in to finish them off
George Zimmerman is totally innocent
Trayvon is a punk ass killer (also a known thief and would be in futuro typical nigger criminal)
There is only one victim in this case and that is Zimmerman
Eduard Reply:
April 11th, 2012 at 7:28 pm
Precisely!! That was my thought. This press release sounded more like a minor league actress thanking everyone at a Grammy Award for her success. Then again, I can’t emphasize enough how despicable the “lawyer” field really is. There is no shame in it. The profession is a giant conflict of interest. Moreover, the rules of lawyer ethics always being pulpitted is nothing more than consumable fodder for the gullible. Ethics and lawyers? Laughable isn’t it? That’s like Lucifer passing out copies of the decalogue. This whole twist to the “mestizo-reported-as-a-white man” Zimmerman case has notched into a renewed effort of politicalization for formenting a racial war. …’ ]
Heroin dealer uses welfare EBT card to post bail [ Yes, he’s a nigger; with unreported cash drug income that gives him welfare as well! ] ...
New Black Panther Party chief of staff apologizes after radio outburst...
'The things that's about to happen, to these honkeys, these crackers, these pigs'...
Black residents fearful after shootings in Tulsa… [ Now they know how the ‘white folk’ feel, everywhere, every day, and the black on white violent crime stats overwhelmingly prove the reality and legitimacy of that concern! Civilized people everywhere are tired of the typical nigger b***s***! ]...
RACE WARS: ZIMMERMAN BREAKS SILENCE...
Family challenges Holder on New Black Panthers...
Hacked roadsign reads: 'Trayvon a n*****'...
CNN says 'f****** n*****' on air...
Anchor: 'N*****' Should Replace 'N-word' in News Reports...

Government Surveillance Crackdown On Internet Goes Into Overdrive...
Congressman fears Obama power grab in 'emergency'...
Fidel Castro mocks Obama over 'guayabera' diplomacy...

Rev. Wright Unleashed: 'White Supremacy' Drives 'World Policy'...
Clarence Thomas Worshipping 'Some Other God'...

REPORT: 'Stunning lack of diversity' in Obama's re-election campaign [ I’d say this is more embarrassing for the self-destructive whites who are for obama; after all, who would be foolish enough to hire the typically uncivilized, problematic, violence / crime prone, etc., blacks? ] ... { to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). }
$1 million pizza party in Detroit -- on sterling silver plates!
WHouse basketballs emblazoned with Obama's image...
HOODIE ON THE HILL...
VIDEO: Dem Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members, keep your purses close when ‘bobby bobby r’ is near; the temptation might prove to be too much for his inner rap nigger soul man. ]
Ex-Black Panther...
Another Says Trayvon 'Hunted Down Like Dog' [Well, if the shoe fits … but, actually, niggers are more like apes, monkeys that only evolved to a point… and some dog-lovers might be offended by comparing niggers to dogs. ]...
Pentagon unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those black niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]

Black Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who do these filthy niggers think they are? ] Take a look at this nigger who kills a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of Florida teen not a racist, lawyer says...
SECRET WITNESS: Self-defense... [Witness: Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different picture than we've seen so far of what happened the night 17-year-old Trayvon Martin was shot and killed.The night of that shooting, police say there was a witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to that witness.What Sanford Police investigators have in the folder, they put together on the killing of Trayvon Martin few know about.The file now sits in the hands of the state attorney. Now that file is just weeks away from being opened to a grand jury.It shows more now about why police believed that night that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told dispatchers he was following a teen. The dispatcher told Zimmerman not to.And from that moment to the shooting, details are few.But one man's testimony could be key for the police."The guy on the bottom who had a red sweater on was yelling to me: 'help, help…and I told him to stop and I was calling 911," he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only wanted to be identified as "John," and didn't not want to be shown on camera.His statements to police were instrumental, because police backed up Zimmerman's claims, saying those screams on the 911 call are those of Zimmerman."When I got upstairs and looked down, the guy who was on top beating up the other guy, was the one laying in the grass, and I believe he was dead at that point," John said.Zimmerman says the shooting was self defense. According to information released on the Sanford city website, Zimmerman said he was going back to his SUV when he was attacked by the teen.Sanford police say Zimmerman was bloody in his face and head, and the back of his shirt was wet and had grass stains, indicating a struggle took place before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun
Hoodie-Wearing niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night  ]
'There were young men scattered everywhere'... [ http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]

Buchanan: It's all about race now...
NAACP condemns nigger apeman sharpton's call for escalation in civil disobedience...
Talkradio host calls for arrest and removal from MSNBC...
Detroit Preacher: 'Isn't The Mood In This Nation That White People Are Better Than Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished truth! And, not just whites; viz., Asians, Hispanics, real American Indians, etc., and most feral beasts except dogs are better than blacks who are at best their equals, though some dog owners/lovers may dispute that. Niggers are a scourge on civilized society wherever they are. Just look around, worldwide, wherever they are, in concentrations particularly; it’s the same nigger story. That’s the way they are. That’s what they are. They are a blight on any neighborhood. They are a blight on any society and an insurmountable burden. They bring any society down. Some will argue, how ‘bout sports?, to which one may reply, ie., just because you go to horse races, doesn’t mean you want to live with horses, or, just because you have monkeys in zoos doesn’t mean you want to live with them, etc., much less cede control and affect over society to them. ] '

PARENTS OF MURDERED WHITE STUDENTS SLAM OBAMA FOR SILENCE [ Well, they’re just white folk, not niggers like obama et als. Moreover, there would be no end to the limitless requests as ‘black on white violent crime’ is at epidemic levels and by far exceeds the miniscule proportions of white on black crime. http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
George Zimmerman's father speaks for first time...
Says Trayvon threatened to kill his son...
'You're going to die tonight'...
ABCNEWS: Police video shows no blood...
Large gash on back of head?
POLICE REPORT: Bleeding from nose, head...
Network names 13-year-old witness...
'Plzz shoot da #mf dat lied 2 u!'
@KILLZIMMERMAN TWITTER feed...
First lady hits Vegas with daughters...
FLASHBACK: Obama: 'You can't go take a trip to Vegas on taxpayer's dime'...
10-car motorcade at Mount Rushmore; tourist access restricted during visit...
[ The niggers are forever so ‘in your face’ with their hypocrisy, sense of entitlement, and divorcement from reality; always pushing the bounds of niggerism to contrive an incident / controversy when rational people finally stand up and say ‘wait just one cotton-pickin’ minute’; so outlandish is the typical black jive / nigger b***s***! ]
Holder loses again: Charges against militia members thrown out … [ The corrupt, biased holder should be going after his fellow niggers, the black panthers! ] ...
COPS: Trayvon protesters ransack store … [ Any excuse for niggers to be niggers! ]...
House dems try to politicize...
Zimmerman a registered Democrat...
'You ain't tell me you swung on a bus driver'...
Multiple suspensions from school: marijuana, grafitti, 'possession of burglary tool,' jewelry...
Suspended THREE times for drugs, truancy and graffiti and 'caught carrying a burglary tool': New picture emerges of Trayvon Martin (and did he attack a bus driver too?)

• The teen was suspended from school three times
• He was on suspension when he was shot in February, after officials caught him with a 'marijuana pipe' and a baggie with drug residue
• Trayvon was kicked out of school in October for graffiti after he was allegedly caught with a 'burglary tool' and a bag full of women's jewelry

• Officials also suspended him once for skipping school and tardiness

· Trayvon Martin was suspended from school three times in the months before he was shot dead by a neighborhood watchman, it emerged today.

· The facts, revealed in a leaked report, paint a different picture of a teenager who frequently found himself in trouble with authorities.

· It was also revealed that he might have attacked a bus driver, according to a Twitter account that it is claimed belonged to the teen.

The Miami Herald claims that in October, he was caught with a 'burglary tool' - a flathead screwdriver - and 12 pieces of women's jewellery. Martin insisted that they did not belong to him.

POLICE: Black teenagers light 13-year-old on fire; 'You get what you deserve, white boy'...
Typical n*****s! Come on! People are tired of making making up excuses for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white people'... [ Typical n*****s! Good thing there are food stamps; otherwise they’d be reverting to their inherent proclivity for canabalism (send them back to africa … even give them a lump sum for an irrevocable repatriation incentive … a huge cost-saving beyond the first year with substantial salutary effects for the nation, the economy, and the remaining civilized non-blacks). The other major crimes they do anyway. It’s their nature. You’ll never change the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security... [ I refrained from using the ‘n word’ (or even blacks / negroes) in referring to the culprits in the following two incidents (those tender sensibilities) but I’m sure you’ve guessed that they were niggers and I include same here in light of the foregoing incident (and yes, the victims were white), which is typical. ‘.. while walking through Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion (limbic system / adrenalin flow) I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped / a crowd gathered / an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA’s position with both felonies ( he went to prison – pled out ). The other case I wrote about here ( This was included on my website in the Psychology forum discussion of ‘bystander effect’ / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparently had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp (a police officer here in California was the object of intense criticism for having used a flashlight to subdue a criminal / nigger after a long chase so I included that here) . The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal / nigger went to jail (where they belong). The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). ]
Black Serial/Mass/Spree Killer List:
1. Matthew Emanuel Macon (Murdered and Raped 5 White Women in Lansing)
2. Jimmie Reed (Murdered his wife and his 2 month old daughter and set them on fire)
3. Shelly Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)
4. Justin Blackshere (Stabbed two white cooks at Cheli’s Chili downtown Detroit)
5. Jervon Miguel Coleman (Murdered three people.)
6. Donell Ramon Johnson (Murdered a mother and a daughter)
7. Brian Ranard Davis (6 women known murdered by nigger)
8. Paul Durousseau (Seven women)
9. Mark Goudeau “The Baseline Killer” (Eight women and a man in 2005-2006)
10. Coral Eugene Watts (11 women in Texas & 1 in Michigan)
11. Anthony McKnight (Five girls and young women)
12. Derrick Todd Lee (8 Women)
13. Charles Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15 years!)
14. The Zebra Killings (71 White people)
15. Chester Turner (L.A.s most prolific killer 12 women killed.)
16. Lorenzo J. Gilyard (Kansas City, MO.—13 victims)
17. Eugene Victor Britt (Gary, IN.–3 known murder/rapes.)
18. Reginald and Jonathan Carr (The Wichita Massacre–6 Whites murdered)
19. Ray Joseph Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people in 7 days, including an entire White family.)
20. The Tinley Park Murderer (Suspect hasn’t been found but has been described as black – murdered 5 women in a store.)
21. Henry Louis Wallace (Raped and strangled 5 women to death.)
22. Charles Johnston (Murdered 3 unarmed white men in hospital)
23. Craig Price (Brutally murdered 3 women)
24. Harrison Graham (Brually Murdered 3 women)
25. Charles Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council. )
26. & 27. Darnell Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)
28 &29. John Allen Muhammad & Lee Boyd Malvo (Sniped 11 people from a car in DC, 9 died.)
30. George Russell (3 women, WA state)
31. Timothy W. Spencer (5 killed, Arlington, VA and Richmond, VA)
32. Elton M. Jackson (12 gay men killed, Norfolk, VA area)
33. Carlton Gary (3 killed in Columbus, GA)
34. Mohammed Adam Omar (16 women, Yemen. Omar is Sudanese.)
35. Kendall Francois (8 women, Poughkeepsie, NY and surrounding areas.)
36. Terry A. Blair (8 women, Kansas City area)
37. Wayne Williams (33 many of them children!, Atlanta, GA)
38. Vaughn Greenwood (11 killed in LA)
39. Andre Crawford (10 killed in Chicago – southside)
40. Calvin Jackson (9 killed possibley more in NY)
41. Gregory Klepper (killed 8, Chicago – southside)
42. Alton Coleman (Killed 8 in the Midwest)
43. Harrison Graham (killed 7+ in N. Philadelphia)
44. Cleophus Prince (6 killed in, San Diego
45. Robert Rozier (7 killed in, Miami)
46. Maurice Byrd (killed 20 + in St. Louis)
47. Maury Travis (17 and rising, St. Louis and possibly also Atlanta)
48. Hulon Mitchell, a.k.a. Yahweh Ben Yahweh (killed 20+ in Florida)
49. Lorenzo Fayne (killed 5 children in East St. Louis, IL)
50. Paul Durousseau, (killed 6, two of which were pregnant women, Jacksonville, FL; Georgia.)
51. Eddie Lee Mosley (killed 25 to 30 women, south Florida)
52. Henry Lee Jones (killed 4 in, south Florida; Bartlett, TN)
53. Richard “Babyface” Jameswhite (15 killed in, New York; Georgia.)
54. Donald E. Younge, Jr. (killed 4), East St. Louis, IL; Salt Lake City, UT.
55. Ivan Hill (killed 6 in Los Angeles area).
56. Michael Vernon (Bronx, NY. Killed at least seven people – )
57. Chester Dewayne Turner (12 women killed in, Los Angeles)
ARREST MADE IN LOS ANGELES GRIM SLEEPER SERIAL KILLER CASE July 07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME |By Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested a suspect in the Grim Sleeper serial killer case and will charge him with 10 counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of attempted murder, Capt. Kevin McClure with the Los Angeles Police Department said.Franklin will arraigned in court Thursday morning, McClure said.The California Attorney General's office attributed the arrest to DNA collected from a relative of the suspect, in a controversial and rarely used practice known as familial DNA search.’
Of Course There Are Black Serial Killers by Lynette Holloway on  July 15, 2010 The case of the "Grim Sleeper" inspires a second look at the popular perception that serial killing is the province of clever white men.
Serial Murderers' Row July 16, 2010 The following black men are among the most prolific serial killers in U.S. history. http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus: Behind the myth that only white men commit such crimes.
Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved In Fights At Mall Of America After Rumors That Rappers Are There...

Miami Heat Players Don Hoodies...
'Dead or Alive' Poster Issued by New Black Panther Party... [ ‘Minority Report’ Division of Pre-Crime, Pre-Cogs say, ‘Dead or Alive – all niggers’ … whatever the outcome in the investigative process, the stark reality is that at least, unlike the niggers committing many more ‘black on white’ violent crimes, Zimmerman (and this is no endorsement – I won’t be looking at this one incident all that closely) was at least trying to do a good thing made necessary by the ever increasing number of brutal crimes committed by the black thugs in neighborhoods across the nation; then there’s somalian pirates, etc.. People domestically and internationally are suffering from nigger-fatigue and are totally niggered out. Oh, yeah, there are some Hollywood types who feel good about themselves having niggers around and helping niggers to help them feel better than they really are, insecure as they are, by being better than at least someone beyond fantasy. Loony george clooney is one. Dreadfully boring and with that monotone, monotonous voice and not that bright, he’s not even able to fake it on screen as an action hero (ie., batman, what a horrific miscast) wimpy pussy in reality that he is; then there’s the ‘black (sean) penn’ who cried like a baby while incarcerated for a couple of days not that long ago. The atheist jolie, so fatherly troubled as she is, has let the equally mentally troubled pitt (she so nutty she makes him feel somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be the closest she’s gotten to her black projects. Let them live anonomously (in disguise) with the niggers for some time for a real close look and then see what’s left of their predisposed love for the nigger. Then there’s the italian scallion, booby deniro; drug addled as his black wife high-tower, what a total embarrassment to Italians everywhere; even as he tried to ingratiate himself recently with niggers everywhere and particularly national embarrassment mammy michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan Africa! ]
'BLACK NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE CONTRARY ] ARE UNDER ATTACK [ SAYS NIGGER SHAKEDOWN ARTIST JACKSON] ' [ Hold on one cotton-pickin’ minute jesse, that’s not what the facts say Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d look just like any other nigger. And, don’t worry about the black vote, failed president wobama the b for b***s*** will get nearly if not all, 100% of the nigger vote! Drudgereport: Farrakhan Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks that would have to be retaliated against based upon the hushed reality of the prevalence of black on white crime? The blacks should be careful what they wish for in playing that game because the facts don’t break in their favor. ] ...

People have become weary of making up excuses for blacks (like obama, holder, etc.). At some point, as now, people should not be timid about relating the cold, unvarnished truth statistically / factually about blacks and, ie., black on white violent crime, etc..

 From Pat Buchanan: As for racism, its ugliest manifestation is in interracial crime, and especially interracial crimes of violence. Is Barack Obama aware that while white criminals choose black victims 3 percent of the time, black criminals choose white victims 45 percent of the time? Is Barack aware that black-on-white rapes are 100 times more common than the reverse, that black-on-white robberies were 139 times as common in the first three years of this decade as the reverse? We have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned out to be hoaxes. But about the epidemic of black assaults on whites that are real, we hear nothing.

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

The reality is that blacks are an insoluble problem wherever they are. That’s not going to ever change; not make-shift/make-work jobs; not programs; not anything tried or to be tried; hence, they must be treated as exactly that – problems – before a solution can be derived and fashioned. ] [ Send the niggers, including niggerbama back to sub-saharan africa! ]

18 Signs That The Banking Crisis In Europe Has Just Gone From Bad To Worse http://albertpeia.com/18signseuropebankcrisisbadtoworse.htm ‘With each passing day, the banking crisis in Europe escalates.  European banks are having their credit ratings downgraded in waves, bond yields are soaring and billions of euros are being pulled out of banks all across the eurozone.  The situation in Europe is rapidly going from bad to worse.  It is almost like watching air being let out of a balloon.  The key to any financial system is confidence, and right now confidence in banks in Greece, Italy, Spain and Portugal is declining at an alarming rate.  When things hit the fan in Europe, it is going to be much safer to have your money in Swiss banks or German banks than in Greek banks, Spanish banks or Italian banks.  Millions of people in Europe are starting to realize that a "euro" is not necessarily always going to be a "euro" and they are starting to panic.  The Greek banking system is already on the verge of total collapse, and at this rate it is only a matter of time before we see some major Spanish and Italian banks start to fail.  In fact it has already been announced that the fourth largest bank in Spain, Bankia, will be getting bailed out by the Spanish government.  It is only a matter of time before we hear more announcements like this.  Right now, events are moving so quickly in Europe that it is hard to keep up with them all.  But this is what usually happens in the financial world.  When things go well, it tends to happen over an extended period of time.  When things fall apart, it tends to happen very rapidly…’ , We Are Watching The Greek Banking System Die Right In Front Of Our Eyes http://albertpeia.com/greekbankingsystemdying.htm

19 Things That All High School Students Should Be Told Before They Go To College http://albertpeia.com/19thingshsstudentsshouldbetoldbeforecollege.htm , 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said: The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing

{ First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. }

http://albertpeia.com/planetalreadyruined.htm }

We Are Watching The Greek Banking System Die Right In Front Of Our Eyes

http://albertpeia.com/greekbankingsystemdying.htm

19 Things That All High School Students Should Be Told Before They Go To

Collegehttp://albertpeia.com/19thingshsstudentsshouldbetoldbeforecollege.htm

12 Pictures That Demonstrate How The New World Order Openly Mocks Us

http://albertpeia.com/newworldordervedgesmockus.htm

{ First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are. Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said: The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing

{ First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. }

http://albertpeia.com/planetalreadyruined.htm }

5-17-12 'BORN IN KENYA'

How did the mainstream media miss this?
Obama Literary Agent Says 1991 Booklet was 'Mistake'...
EUROPE ROCKED BY SPANISH BANKING CRISIS...

New French government takes 30% pay cut...

NO ESCAPE: DEMS WANT TAX FOR LEAVING USA...
'Ex-PATRIOT Act'...
UPDATE: 'Mystery object' that nearly caused mid-air collision believed to be drone...
STUDY: 96% of restaurant entrees exceed USDA limits...
Feds fine Utah school for accidentally selling soda at lunch...

Evidence Backs Up George Zimmerman's Version of Shooting...
Witness Told Cops: Trayvon Straddling And Punching 'MMA Style'...

New evidence in Trayvon Martin case raises more questions
Trayvon Martin's autopsy shows he had marijuana in his system the night he was killed by neighborhood watch volunteer George Zimmerman, and a gunshot to his chest came from close range, according to nearly 200 pages of previously undisclosed documents released Thursday.

ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose, Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving nigger was enraged by his being thwarted in his scope-out/plundering of Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his true story, Zimmerman was fighting for his life and ultimately saved the citizens of Florida from the future costs of the burgeoning violent, thieving typical nigger-criminal trayvon martin.}
Previous: Holder sues Florida city, says firefight test racist [ Yeah, of course, because dumb niggers can’t read, ‘rite, or do ‘rithmetic! They’re always too busy donning their little hoodies and scopin’ out neighborhoods for their pillaging, plundering, and terrorizing! ]...
Black mob beats white man unconscious on his front porch...
'Now that's justice for Trayvon' (they shout in crazed nigger fashion)...
DERSHOWITZ BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT STUPID'... [ Indeed! And, make no mistake, I never would have thought I’d be agreeing with Alan Dershowitz on anything: http://albertpeia.com/trayvonnewtawana.htm ]

BANG, BANG ‘…His surprising testimony came the same day that ABC News exclusively obtained a photograph showing the bloodied back of Zimmerman's head, which was apparently taken three minutes after he shot and killed Martin. The photo could give credence to Zimmerman's claim that Martin had bashed his head against the concrete as Zimmerman fought for his life…’

COPS: Suspect angry over Trayvon Martin death beats up white man...

Obama as a Boy Ate Dog Meat [ And, you can bet there’s canabalism in his line; his father being an african ape nigger and his mother a flaky whore; you know, that typical type that schtooped niggers back in the day! ]...
Obama campaign tries to diversify...
...looking to hire more African-Americans [ More dead-weight, contentious, unproductive make-shift, make-work, costly welfare job niggers … just what the nation, strike that, wobama campaign needs.]
Farrakhan Warns Whites: 'Unless You Change, Your End Has Come'… [ They call this a self-destructive manifestation of the Oedipal Effect: Goodbye niggers, aka unevolved apes/chimps/monkeys – Your end’s already here! Your jigs are up, and you boos are down! Everyone’s onto your nigger jive! Look in the mirror! If only you could change / evolve faster! ] ...
HOLDER PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...

'SECOND DEGREE MURDER'...
'We do not prosecute by public pressure or by petition'[B***S***!]...Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The reality is, if that were the criterion and rule, given the overwhelming prevalence of black violence, particularly black on white violence, there’d be a lot of dead niggers. Niggers are a scourge wherever they are; a black plague, if you will. The reality is that in this nation, having been overrun by niggers, americans have become the new age dinosaurs. As for tyson, the ugly little monkey that no one wanted, now full-grown angry ape, his IQ is well below the average 100. Ape tyson is just a disgrace, period. He’s a typical ignorant, violent ape/nigger. Life with ape tyson, also a convicted rapist, was described by his then (soon to be former) wife, Robin Givens, in a live televised interview with him present (you can only imagine the unsaid) as ‘hell’. He’s mentally deranged (too many head shots?), but he does profess typical nigger sentiment. (Mike Tyson vs. Robin Givens: … biggest fight | Ebony ... Eight months after Mike Tyson and Robin Givens were married on Feb. ... beatings -- she filed for divorce)

Panthers Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:
April 11th, 2012 at 9:51 pm 11 percent of population and they always have thier hands out begging for more.No matter how much you give them its never enough.Filthy animals is all they are. (Absolutely correct!)
Dandroid Reply:
April 11th, 2012 at 5:47 pm
Show trial to keep the peace? Cities will burn if hes found not guilty!
Startover Reply:
April 12th, 2012 at 12:04 am
Let the cities burn, send the Army in to finish them off
George Zimmerman is totally innocent
Trayvon is a punk ass killer (also a known thief and would be in futuro typical nigger criminal)
There is only one victim in this case and that is Zimmerman
Eduard Reply:
April 11th, 2012 at 7:28 pm
Precisely!! That was my thought. This press release sounded more like a minor league actress thanking everyone at a Grammy Award for her success. Then again, I can’t emphasize enough how despicable the “lawyer” field really is. There is no shame in it. The profession is a giant conflict of interest. Moreover, the rules of lawyer ethics always being pulpitted is nothing more than consumable fodder for the gullible. Ethics and lawyers? Laughable isn’t it? That’s like Lucifer passing out copies of the decalogue. This whole twist to the “mestizo-reported-as-a-white man” Zimmerman case has notched into a renewed effort of politicalization for formenting a racial war. …’ ]
Heroin dealer uses welfare EBT card to post bail [ Yes, he’s a nigger; with unreported cash drug income that gives him welfare as well! ] ...
New Black Panther Party chief of staff apologizes after radio outburst...
'The things that's about to happen, to these honkeys, these crackers, these pigs'...
Black residents fearful after shootings in Tulsa… [ Now they know how the ‘white folk’ feel, everywhere, every day, and the black on white violent crime stats overwhelmingly prove the reality and legitimacy of that concern! Civilized people everywhere are tired of the typical nigger b***s***! ]...
RACE WARS: ZIMMERMAN BREAKS SILENCE...
Family challenges Holder on New Black Panthers...
Hacked roadsign reads: 'Trayvon a n*****'...
CNN says 'f****** n*****' on air...
Anchor: 'N*****' Should Replace 'N-word' in News Reports...

Government Surveillance Crackdown On Internet Goes Into Overdrive...
Congressman fears Obama power grab in 'emergency'...
Fidel Castro mocks Obama over 'guayabera' diplomacy...

Rev. Wright Unleashed: 'White Supremacy' Drives 'World Policy'...
Clarence Thomas Worshipping 'Some Other God'...

REPORT: 'Stunning lack of diversity' in Obama's re-election campaign [ I’d say this is more embarrassing for the self-destructive whites who are for obama; after all, who would be foolish enough to hire the typically uncivilized, problematic, violence / crime prone, etc., blacks? ] ... { to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). }
$1 million pizza party in Detroit -- on sterling silver plates!
WHouse basketballs emblazoned with Obama's image...
HOODIE ON THE HILL...
VIDEO: Dem Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members, keep your purses close when ‘bobby bobby r’ is near; the temptation might prove to be too much for his inner rap nigger soul man. ]
Ex-Black Panther...
Another Says Trayvon 'Hunted Down Like Dog' [Well, if the shoe fits … but, actually, niggers are more like apes, monkeys that only evolved to a point… and some dog-lovers might be offended by comparing niggers to dogs. ]...
Pentagon unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those black niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]

Black Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who do these filthy niggers think they are? ] Take a look at this nigger who kills a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of Florida teen not a racist, lawyer says...
SECRET WITNESS: Self-defense... [Witness: Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different picture than we've seen so far of what happened the night 17-year-old Trayvon Martin was shot and killed.The night of that shooting, police say there was a witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to that witness.What Sanford Police investigators have in the folder, they put together on the killing of Trayvon Martin few know about.The file now sits in the hands of the state attorney. Now that file is just weeks away from being opened to a grand jury.It shows more now about why police believed that night that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told dispatchers he was following a teen. The dispatcher told Zimmerman not to.And from that moment to the shooting, details are few.But one man's testimony could be key for the police."The guy on the bottom who had a red sweater on was yelling to me: 'help, help…and I told him to stop and I was calling 911," he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only wanted to be identified as "John," and didn't not want to be shown on camera.His statements to police were instrumental, because police backed up Zimmerman's claims, saying those screams on the 911 call are those of Zimmerman."When I got upstairs and looked down, the guy who was on top beating up the other guy, was the one laying in the grass, and I believe he was dead at that point," John said.Zimmerman says the shooting was self defense. According to information released on the Sanford city website, Zimmerman said he was going back to his SUV when he was attacked by the teen.Sanford police say Zimmerman was bloody in his face and head, and the back of his shirt was wet and had grass stains, indicating a struggle took place before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun
Hoodie-Wearing niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night  ]
'There were young men scattered everywhere'... [ http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]

Buchanan: It's all about race now...
NAACP condemns nigger apeman sharpton's call for escalation in civil disobedience...
Talkradio host calls for arrest and removal from MSNBC...
Detroit Preacher: 'Isn't The Mood In This Nation That White People Are Better Than Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished truth! And, not just whites; viz., Asians, Hispanics, real American Indians, etc., and most feral beasts except dogs are better than blacks who are at best their equals, though some dog owners/lovers may dispute that. Niggers are a scourge on civilized society wherever they are. Just look around, worldwide, wherever they are, in concentrations particularly; it’s the same nigger story. That’s the way they are. That’s what they are. They are a blight on any neighborhood. They are a blight on any society and an insurmountable burden. They bring any society down. Some will argue, how ‘bout sports?, to which one may reply, ie., just because you go to horse races, doesn’t mean you want to live with horses, or, just because you have monkeys in zoos doesn’t mean you want to live with them, etc., much less cede control and affect over society to them. ] '

PARENTS OF MURDERED WHITE STUDENTS SLAM OBAMA FOR SILENCE [ Well, they’re just white folk, not niggers like obama et als. Moreover, there would be no end to the limitless requests as ‘black on white violent crime’ is at epidemic levels and by far exceeds the miniscule proportions of white on black crime. http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
George Zimmerman's father speaks for first time...
Says Trayvon threatened to kill his son...
'You're going to die tonight'...
ABCNEWS: Police video shows no blood...
Large gash on back of head?
POLICE REPORT: Bleeding from nose, head...
Network names 13-year-old witness...
'Plzz shoot da #mf dat lied 2 u!'
@KILLZIMMERMAN TWITTER feed...
First lady hits Vegas with daughters...
FLASHBACK: Obama: 'You can't go take a trip to Vegas on taxpayer's dime'...
10-car motorcade at Mount Rushmore; tourist access restricted during visit...
[ The niggers are forever so ‘in your face’ with their hypocrisy, sense of entitlement, and divorcement from reality; always pushing the bounds of niggerism to contrive an incident / controversy when rational people finally stand up and say ‘wait just one cotton-pickin’ minute’; so outlandish is the typical black jive / nigger b***s***! ]
Holder loses again: Charges against militia members thrown out … [ The corrupt, biased holder should be going after his fellow niggers, the black panthers! ] ...
COPS: Trayvon protesters ransack store … [ Any excuse for niggers to be niggers! ]...
House dems try to politicize...
Zimmerman a registered Democrat...
'You ain't tell me you swung on a bus driver'...
Multiple suspensions from school: marijuana, grafitti, 'possession of burglary tool,' jewelry...
Suspended THREE times for drugs, truancy and graffiti and 'caught carrying a burglary tool': New picture emerges of Trayvon Martin (and did he attack a bus driver too?)

• The teen was suspended from school three times
• He was on suspension when he was shot in February, after officials caught him with a 'marijuana pipe' and a baggie with drug residue
• Trayvon was kicked out of school in October for graffiti after he was allegedly caught with a 'burglary tool' and a bag full of women's jewelry

• Officials also suspended him once for skipping school and tardiness

· Trayvon Martin was suspended from school three times in the months before he was shot dead by a neighborhood watchman, it emerged today.

· The facts, revealed in a leaked report, paint a different picture of a teenager who frequently found himself in trouble with authorities.

· It was also revealed that he might have attacked a bus driver, according to a Twitter account that it is claimed belonged to the teen.

The Miami Herald claims that in October, he was caught with a 'burglary tool' - a flathead screwdriver - and 12 pieces of women's jewellery. Martin insisted that they did not belong to him.

POLICE: Black teenagers light 13-year-old on fire; 'You get what you deserve, white boy'...
Typical n*****s! Come on! People are tired of making making up excuses for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white people'... [ Typical n*****s! Good thing there are food stamps; otherwise they’d be reverting to their inherent proclivity for canabalism (send them back to africa … even give them a lump sum for an irrevocable repatriation incentive … a huge cost-saving beyond the first year with substantial salutary effects for the nation, the economy, and the remaining civilized non-blacks). The other major crimes they do anyway. It’s their nature. You’ll never change the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security... [ I refrained from using the ‘n word’ (or even blacks / negroes) in referring to the culprits in the following two incidents (those tender sensibilities) but I’m sure you’ve guessed that they were niggers and I include same here in light of the foregoing incident (and yes, the victims were white), which is typical. ‘.. while walking through Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion (limbic system / adrenalin flow) I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped / a crowd gathered / an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA’s position with both felonies ( he went to prison – pled out ). The other case I wrote about here ( This was included on my website in the Psychology forum discussion of ‘bystander effect’ / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparently had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp (a police officer here in California was the object of intense criticism for having used a flashlight to subdue a criminal / nigger after a long chase so I included that here) . The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal / nigger went to jail (where they belong). The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). ]
Black Serial/Mass/Spree Killer List:
1. Matthew Emanuel Macon (Murdered and Raped 5 White Women in Lansing)
2. Jimmie Reed (Murdered his wife and his 2 month old daughter and set them on fire)
3. Shelly Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)
4. Justin Blackshere (Stabbed two white cooks at Cheli’s Chili downtown Detroit)
5. Jervon Miguel Coleman (Murdered three people.)
6. Donell Ramon Johnson (Murdered a mother and a daughter)
7. Brian Ranard Davis (6 women known murdered by nigger)
8. Paul Durousseau (Seven women)
9. Mark Goudeau “The Baseline Killer” (Eight women and a man in 2005-2006)
10. Coral Eugene Watts (11 women in Texas & 1 in Michigan)
11. Anthony McKnight (Five girls and young women)
12. Derrick Todd Lee (8 Women)
13. Charles Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15 years!)
14. The Zebra Killings (71 White people)
15. Chester Turner (L.A.s most prolific killer 12 women killed.)
16. Lorenzo J. Gilyard (Kansas City, MO.—13 victims)
17. Eugene Victor Britt (Gary, IN.–3 known murder/rapes.)
18. Reginald and Jonathan Carr (The Wichita Massacre–6 Whites murdered)
19. Ray Joseph Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people in 7 days, including an entire White family.)
20. The Tinley Park Murderer (Suspect hasn’t been found but has been described as black – murdered 5 women in a store.)
21. Henry Louis Wallace (Raped and strangled 5 women to death.)
22. Charles Johnston (Murdered 3 unarmed white men in hospital)
23. Craig Price (Brutally murdered 3 women)
24. Harrison Graham (Brually Murdered 3 women)
25. Charles Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council. )
26. & 27. Darnell Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)
28 &29. John Allen Muhammad & Lee Boyd Malvo (Sniped 11 people from a car in DC, 9 died.)
30. George Russell (3 women, WA state)
31. Timothy W. Spencer (5 killed, Arlington, VA and Richmond, VA)
32. Elton M. Jackson (12 gay men killed, Norfolk, VA area)
33. Carlton Gary (3 killed in Columbus, GA)
34. Mohammed Adam Omar (16 women, Yemen. Omar is Sudanese.)
35. Kendall Francois (8 women, Poughkeepsie, NY and surrounding areas.)
36. Terry A. Blair (8 women, Kansas City area)
37. Wayne Williams (33 many of them children!, Atlanta, GA)
38. Vaughn Greenwood (11 killed in LA)
39. Andre Crawford (10 killed in Chicago – southside)
40. Calvin Jackson (9 killed possibley more in NY)
41. Gregory Klepper (killed 8, Chicago – southside)
42. Alton Coleman (Killed 8 in the Midwest)
43. Harrison Graham (killed 7+ in N. Philadelphia)
44. Cleophus Prince (6 killed in, San Diego
45. Robert Rozier (7 killed in, Miami)
46. Maurice Byrd (killed 20 + in St. Louis)
47. Maury Travis (17 and rising, St. Louis and possibly also Atlanta)
48. Hulon Mitchell, a.k.a. Yahweh Ben Yahweh (killed 20+ in Florida)
49. Lorenzo Fayne (killed 5 children in East St. Louis, IL)
50. Paul Durousseau, (killed 6, two of which were pregnant women, Jacksonville, FL; Georgia.)
51. Eddie Lee Mosley (killed 25 to 30 women, south Florida)
52. Henry Lee Jones (killed 4 in, south Florida; Bartlett, TN)
53. Richard “Babyface” Jameswhite (15 killed in, New York; Georgia.)
54. Donald E. Younge, Jr. (killed 4), East St. Louis, IL; Salt Lake City, UT.
55. Ivan Hill (killed 6 in Los Angeles area).
56. Michael Vernon (Bronx, NY. Killed at least seven people – )
57. Chester Dewayne Turner (12 women killed in, Los Angeles)
ARREST MADE IN LOS ANGELES GRIM SLEEPER SERIAL KILLER CASE July 07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME |By Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested a suspect in the Grim Sleeper serial killer case and will charge him with 10 counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of attempted murder, Capt. Kevin McClure with the Los Angeles Police Department said.Franklin will arraigned in court Thursday morning, McClure said.The California Attorney General's office attributed the arrest to DNA collected from a relative of the suspect, in a controversial and rarely used practice known as familial DNA search.’
Of Course There Are Black Serial Killers by Lynette Holloway on  July 15, 2010 The case of the "Grim Sleeper" inspires a second look at the popular perception that serial killing is the province of clever white men.
Serial Murderers' Row July 16, 2010 The following black men are among the most prolific serial killers in U.S. history. http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus: Behind the myth that only white men commit such crimes.
Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved In Fights At Mall Of America After Rumors That Rappers Are There...

Miami Heat Players Don Hoodies...
'Dead or Alive' Poster Issued by New Black Panther Party... [ ‘Minority Report’ Division of Pre-Crime, Pre-Cogs say, ‘Dead or Alive – all niggers’ … whatever the outcome in the investigative process, the stark reality is that at least, unlike the niggers committing many more ‘black on white’ violent crimes, Zimmerman (and this is no endorsement – I won’t be looking at this one incident all that closely) was at least trying to do a good thing made necessary by the ever increasing number of brutal crimes committed by the black thugs in neighborhoods across the nation; then there’s somalian pirates, etc.. People domestically and internationally are suffering from nigger-fatigue and are totally niggered out. Oh, yeah, there are some Hollywood types who feel good about themselves having niggers around and helping niggers to help them feel better than they really are, insecure as they are, by being better than at least someone beyond fantasy. Loony george clooney is one. Dreadfully boring and with that monotone, monotonous voice and not that bright, he’s not even able to fake it on screen as an action hero (ie., batman, what a horrific miscast) wimpy pussy in reality that he is; then there’s the ‘black (sean) penn’ who cried like a baby while incarcerated for a couple of days not that long ago. The atheist jolie, so fatherly troubled as she is, has let the equally mentally troubled pitt (she so nutty she makes him feel somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be the closest she’s gotten to her black projects. Let them live anonomously (in disguise) with the niggers for some time for a real close look and then see what’s left of their predisposed love for the nigger. Then there’s the italian scallion, booby deniro; drug addled as his black wife high-tower, what a total embarrassment to Italians everywhere; even as he tried to ingratiate himself recently with niggers everywhere and particularly national embarrassment mammy michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan Africa! ]
'BLACK NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE CONTRARY ] ARE UNDER ATTACK [ SAYS NIGGER SHAKEDOWN ARTIST JACKSON] ' [ Hold on one cotton-pickin’ minute jesse, that’s not what the facts say Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d look just like any other nigger. And, don’t worry about the black vote, failed president wobama the b for b***s*** will get nearly if not all, 100% of the nigger vote! Drudgereport: Farrakhan Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks that would have to be retaliated against based upon the hushed reality of the prevalence of black on white crime? The blacks should be careful what they wish for in playing that game because the facts don’t break in their favor. ] ...

People have become weary of making up excuses for blacks (like obama, holder, etc.). At some point, as now, people should not be timid about relating the cold, unvarnished truth statistically / factually about blacks and, ie., black on white violent crime, etc..

 From Pat Buchanan: As for racism, its ugliest manifestation is in interracial crime, and especially interracial crimes of violence. Is Barack Obama aware that while white criminals choose black victims 3 percent of the time, black criminals choose white victims 45 percent of the time? Is Barack aware that black-on-white rapes are 100 times more common than the reverse, that black-on-white robberies were 139 times as common in the first three years of this decade as the reverse? We have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned out to be hoaxes. But about the epidemic of black assaults on whites that are real, we hear nothing.

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

The reality is that blacks are an insoluble problem wherever they are. That’s not going to ever change; not make-shift/make-work jobs; not programs; not anything tried or to be tried; hence, they must be treated as exactly that – problems – before a solution can be derived and fashioned. ] [ Send the niggers, including niggerbama back to sub-saharan africa! ]

Chris Martenson: "We Are About To Have Another 2008-Style Crisis" ZeroHedge.com

Durden

Well, my hat is off to the global central planners for averting the next stage of the unfolding financial crisis for as long as they have. I guess there’s some solace in having had a nice break between the events of 2008/09 and today, which afforded us all the opportunity to attend to our various preparations and enjoy our lives.

Alas, all good things come to an end, and a crisis rooted in ‘too much debt’ with a nice undercurrent of ‘persistently high and rising energy costs’ was never going to be solved by providing cheap liquidity to the largest and most reckless financial institutions. And it has not.

The Bank Runs In Greece Will Soon Be Followed By Bank Runs In Other European Nations ‘‘The bank runs that we are watching right now in Greece are shocking, but they are only just the beginning.  Since May 6th, nearly one billion dollars has been withdrawn from Greek banks.  For a small nation like Greece, that is an absolutely catastrophic number…’  http://albertpeia.com/greekbankrunsgoeurope.htm

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales… http://albertpeia.com/ecricallsrecession.htm , 5-16-12 Chris Martenson: "We Are About To Have Another 2008-Style Crisis" 5-14-12 JPMorgan Estimates Immediate Losses From Greek Exit Could Reach 400 Billion ZeroHedge.com Durden , Are They Insane? 58 Percent Of Americans Believe Economic Conditions In The United States Will Be Good A Year From Now http://albertpeia.com/insanelyoptimistic.htm , If You Live In California Things Just Got A Whole Lot Worse http://albertpeia.com/hopelesscluelesscalifornia.htm Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm

Developing World’s Market Bubble Set to Bring Global Depression

Infowars | The world market bubble is setting the stage for a global economic collapse.

Jamie Dimon: Billions Lost in Derivatives Fraud is Merely ‘Standard Banking Practice’

LA Times | Head of JP Morgan Chase unveils arrogance of a banking elite not concerned with the real economy.

Death By Foreclosure: Desperate Man Commits Suicide After Wells Fargo Steals His Home

Alternet | This is the story of what happens when an average couple is up against a giant, wealthy, powerful bank.

This is the story of what happens when an average couple is up against a giant, wealthy, powerful bank.

Dave Johnson
Alternet
May 16, 2012

Norman and Oriane Rousseau were one more couple pushed by a huge, greedy bank to the brink of homelessness. On Sunday, desperate and with nowhere to go, Norman Rousseau shot himself. 

This is the story of what happens when an average couple is up against a giant, wealthy, powerful bank. Unfortunately the result is what the result always is when people are on their own against the wealthy and powerful: the bank ends up with all of their money, takes their house to sell and throws them out onto the street. In this case the bank is Wells Fargo.

The quick version of this terrible story is that Norman and Oriane Rousseau of Newbury Park, California were scammed into a predatory mortgage. But they made their payments anyway, always paying with a cashier’s check in person at the same branch. Then one day the bank misapplied their payment and said they still owed the money. This started a long, nasty process that led to the bank evicting the Rousseaus from their home. 

Here’s the shocker: right at the start the Rousseaus came up with proof that the bank had received the payment and had cashed the check. But the bank continued to claim it had missed the payment, gave the Rousseaus the runaround, started applying fees, and used it as an excuse to foreclose on the house anyway. 

Read full article here

The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing

{ First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. }

http://albertpeia.com/planetalreadyruined.htm

USA #1? 40 Embarrassing Things That America Is The Best In The World At http://albertpeia.com/40badthingsusabest.htm , They Love Death http://albertpeia.com/theylovedeath.htm

BLIND CHINESE ACTIVIST: THE PERFECT NEW AMERICAN CITIZEN – DOESN’T KNOW ANYTHING ABOUT AMERICA AND HE IS BLIND!

US Using Staged “Blind Activist” Stunt For Leverage Ahead of Talks Prisonplanet.com

Chinese Activist Makes Plea to U.S. Congress...
Obama under fire... {While there’s plenty of deserved critism for wobama, on a multitude of issues, and should indeed be voiced by a multitude of people; smith of pervasively corrupt, mob infested/controlled jersey is not one to be doing the criticizing. As with america generally, there is certainly nothing positive that can be said of the sordid state of new jersey!}

US Using Staged “Blind Activist” Stunt For Leverage Ahead of Talks Prisonplanet.com
Why Is It Necessary For The Federal Government To Turn The United States Into A Prison Camp?

http://albertpeia.com/usprisoncamp.htm

{ I really must say that this is a tough one because the vast majority of americans are inherently criminal, with the highest crime rates in the world among the so-called ‘civilized’ nations (you can’t count the niggers of sub-saharan africa as civilized, and there’s no question but that the niggers have disproportionately skewed the american crime rates, particularly violent crimes, higher); including, from my direct observation and experience, that within all three branches of the u.s. government. Indeed, the (should be prison) inmates are running this asylum called america. The reality is that there are so many americans that are not in jail who should be in jail, it’s difficult to avoid these harsh third world measures in what has essentially become a third world nation overrun by the most sordid, despicable criminals one can imagine. They must really prosecute the biggest criminals including the oligarchs as, ie., the huge frauds on wall street, etc., and ‘bury’ the violent repeat offenders, etc., without exception. The problem with america is not the terrorist threat from without, but rather the plethora of inherently criminal americans within. Moreover, the corruption is pervasive and systemic. Unfortunately, crime pays in america and pays well; and, God help you if you try to live within the law and get in their way or potentially cost them money or some of their illegal business because no one else will. There’s criminal control at all levels of american society. That’s the problem; with the relatively few non-criminally inclined, criminal by complicity inasmuch as americans are for the most part gutless cowards who go along to get along along with a million other excuses, not the least of which is ‘the price was right’. That’s reality! That said, it’s the ‘for or agin’ me primitive mentality that pervades the u.s. government, ‘thought police’, arbitrary powers of detainment, abrogation of first admendment rights, internet intrusion/censorship, arbitrary enforcement of the law, etc., that is and I find particularly appalling, counter-productive, and regressive. There is an element of projection, given some of the evil things the government has done abroad; blowback being not entirely out of the realm of possibility which ultimately is the sad consequence of the worst of human nature which is invariably inclined to go too far in the worst way. The sad fact is that as with any banana republic, the governmental powers that be go to whatever nefarious lengths necessary (control by whatever means, at some level) to unreasonably maintain their access to undeserved power, money, resources, luxuries, etc., invariably to the detriment of the vast majority as is so here in america today. There are very few positive things that can be said of america today. I, for one, cannot think of any at all! [ ‘america, love it or leave it’? Love it? Truth be told, I don’t even like america! See, ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm ] }

16 Signs That People Are Becoming Stupider

http://albertpeia.com/16signspeoplebecomingstupider.htm

Drudgereport (Plus): 5-16-12 Obama's budget goes down in flames...
Unanimously rejected by DemSenate...
Fails to get single vote anywhere in Congress...
Even labor unions oppose...
Warning Signs For Obama -- in Wisconsin?
Wall Street goes bearish on stocks
Insiders Cashing Out...
White jogger 'randomly' gunned down in broad daylight...
COPS: May have been gang initiation or dare...

Judge Napolitano: First Patriot To Shoot Down A Government Spy Drone 'Will Be A Hero'...
'VULTURE FUNDS' CIRCLE AS GREECE FEARS GROW...

ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose, Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving nigger was enraged by his being thwarted in his scope-out/plundering of Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his true story, Zimmerman was fighting for his life and ultimately saved the citizens of Florida from the future costs of the burgeoning violent, thieving typical nigger-criminal trayvon martin.}
Previous: Holder sues Florida city, says firefight test racist [ Yeah, of course, because dumb niggers can’t read, ‘rite, or do ‘rithmetic! They’re always too busy donning their little hoodies and scopin’ out neighborhoods for their pillaging, plundering, and terrorizing! ]...
Black mob beats white man unconscious on his front porch...
'Now that's justice for Trayvon' (they shout in crazed nigger fashion)...
DERSHOWITZ BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT STUPID'... [ Indeed! And, make no mistake, I never would have thought I’d be agreeing with Alan Dershowitz on anything: http://albertpeia.com/trayvonnewtawana.htm ]

Seth Klarman On The Absurd Short-Termism Of The Exuberant Rally { Yeah, as pointed out here, fundamentals should and still matter! } While most of the retail investor's time is (hopefully not) spent watching CNBC propaganda spouted by wannabe traders (mostly asset gatherers as opposed to real return seekers) who sell their $29.95 books on how to be rich in 30 seconds trading the TVIX; some might prefer to listen to the original thoughtful value investor - Seth Klarman. The man whose book 'Margin of Safety' sells for over $1000 (and whose acumen extends for decades) just released Baupost's (his fund) quarterly letter and makes what should be a critical statement for any and every investor to consider when next they hear of quantitative easing prognostications. In two short sentences, Klarman states: "We will not be tempted into making investments based on such absurdly short-term thinking, which sadly still dominates Wall Street. We focus solely on fundamentals. We are comfortable missing out on potentially major rallies if they are based purely on money flows or government action; the risks of engaging in this sort of speculative activity are simply too high." And echoing our thoughts perfectly, "The same low interest rate, deficit-spending driven, leverage-friendly economic policies that fueled the unsustainable conditions that led to the 2008 collapse are with us still."

Drudgereport: BANK RUNS HIT GREECE { Folks, this is a global depression with much worse to come; particularly in the u.s.!}

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales… http://albertpeia.com/ecricallsrecession.htm , 5-14-12 JPMorgan Estimates Immediate Losses From Greek Exit Could Reach 400 Billion ZeroHedge.com Durden , Are They Insane? 58 Percent Of Americans Believe Economic Conditions In The United States Will Be Good A Year From Now http://albertpeia.com/insanelyoptimistic.htm , If You Live In California Things Just Got A Whole Lot Worse http://albertpeia.com/hopelesscluelesscalifornia.htm Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm

Why A Greek Exit From The Euro Would Mean The End Of The Eurozone

http://albertpeia.com/endofeurozone.htm

The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing

http://albertpeia.com/planetalreadyruined.htm

Drudgereport: 5-15-12 Obama worth up to $10 million...
Has up to $1 million with JPMORGAN...
Stimulus funded erectile dysfunction studies...
POLL: ROMNEY LEADS WITH WOMEN...
WH called out for skipping female reporter at press briefing...

BANK RUNS HIT GREECE
Merkel and Hollande join forces on Greece...
Europe prepares for 'messy' exit...
Little country threatens big impact...
Italy's banks shaken; Slump deepens...

Zimmerman Medical Report Shows Broken Nose, Lacerations After Trayvon Martin Shooting...

Couric gets the princesses...

In our 608th issue:

• UPDATES
• MINILINKS
• ANNOUNCEMENTS

EFF, The Yes Men, and Protesters Fight Secret Negotiations to Regulate the Internet

EFF's International IP Director Gwen Hinze traveled to Dallas this week to demand transparency in the Trans-Pacific Partnership (TPP) Agreement, a secret international trade negotiation that includes provisions to regulate intellectual property and the Internet. She was joined by hundreds of protesters rallying outside the Dallas hotel as well as culture-jamming activist group The Yes Men, who presented U.S. Trade Representative Ron Kirk with the fictitious "2012 Corporate Power Tool Award." Over 18,000 Internet users have used the EFF action center to speak out against the TPP; please help us get to 20,000 by contacting Congress today.

DHS Considers Collecting DNA From Kids

Documents just released by US Immigration & Customs Enforcement (ICE) in response to one of EFF’s Freedom of Information Act requests show that DHS is considering collecting DNA from kids ages 14 and up -- and is exploring expanding its regulations to allow collection from kids younger than that. The proposal appears to be working its way through DHS in the wake of regulations that require all federal agencies to collect DNA from individuals arrested for federal crimes as well as "from non-United States persons who are detained under the authority of the United States," whether or not they have been involved in criminal activity.

Unsealed Court Records Confirm that RIAA Delays Were Behind Year-Long Seizure of Hip Hop Music Blog

After a year-long seizure and six more months of secrecy, the court records were finally released concerning the mysterious government takedown of Dajaz1.com -- a popular blog dedicated to hip hop music and culture. The records confirm that one of the key reasons the blog remained censored for so long is that the government obtained three secret extensions of time by claiming that it was waiting for "rights holders" and later, the Recording Industry Association of America. In other words, having goaded the government into an outrageous and very public seizure of the blog, the RIAA members refused to follow up and answer the government’s questions.

EFF Updates

NY Twitter Decision Fails to Recognize Content and Location Data Require a Warrant

The New York City District Attorney is facing new obstacles in its attempts to subpoena information from Twitter regarding the account of Malcolm Harris, one of the 700 people arrested on the Brooklyn Bridge in an October 2011 Occupy Wall Street protest. Faced with a written order to comply with the subpoena, Twitter filed a motion to quash the subpoena, arguing that complying would violate the law.

EFF to Testify at Hearings on Expanding DMCA Exemptions for Jailbreaking and Video Remixing

Experts from EFF will testify at public hearings held by the U.S. Copyright Office this month, urging officials to renew and expand the critical exemptions to the Digital Millennium Copyright Act (DMCA) that the Copyright Office granted in 2009 in response to EFF's requests to protect the rights of American consumers who modify electronic gadgets and make remix videos.

Oracle v. Google and the Dangerous Implications of Treating APIs as Copyrightable

At stake in the case of Oracle v. Google is whether APIs can be considered copyrightable, which would have a profound negative impact on interoperability, and, therefore, innovation. Allowing a party to assert control over APIs means that a party can determine who can make compatible and interoperable software, an idea that is anathema to those who create the software we rely on everyday.

Drones, Secret Surveillance, and Classifying the Wizard of Oz

EFF follows up on the FAA report showing the names of government agencies which have received authorization to fly drones in the US. Meanwhile, the annual Department of Justice report to Congress shows DOJ applications to conduct electronic surveillance increased in 2011.

Hollywood's Trolls

Our movie industry has created some memorable monsters on screen. But Hollywood and the major music labels also helped create a very real kind of monster: copyright trolls who coerce settlements from Internet subscribers using intimidation and our out-of-whack copyright laws.

DOJ Official: Any Privacy Protection is Too Much Privacy Protection for Cell Phone Tracking

Jason Weinstein, a deputy assistant attorney general in the Department of Justice's criminal division, told a panel at the Congressional Internet Caucus Advisory Committee's "State of the Mobile Net" conference that requiring a search warrant to obtain location tracking information from cell phones would "cripple" prosecutors and law enforcement officials. We couldn't disagree more.

Special 301 Report 2012: The USTR's Bogus List of Countries That "Don't Enforce" Copyrights

The Office of the United States Trade Representative released its annual Special 301 report, a review of other countries’ intellectual property laws and enforcement standards. What’s particularly obnoxious about these reports is that countries are judged on whether they adopt very particular implementations of international legal standards and interpretations of controversial parts of U.S. law that only reflect the interests of intellectual property (IP) rightsholder industries -- not everyday Internet users.

miniLinks

Party Ends Badly for U.S. Trade Reps, Federal Agents

Watch video footage from The Yes Men's organized action against the TPP negotiations, including dozens of "delegates" disrupting the gala event and a whimsical mass toilet paper replacement.

Pay What You Want for Indie Music -- and Benefit EFF!

The Indie Allstars Bundle lets you pay what you want for music from up to 15 indie bands while benefiting EFF.

UK Border Agency ID Card System Crashes

The UK Border Agency turned hundreds of people away from a key office after the major foreign national ID card computer system shut down.

Administrivia

ISSN 1062-9424

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Editor: Rainey Reitman, Activism Team
editor@eff.org

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Press releases and EFF announcements & articles may be reproduced individually at will.

Back issues of EFFector

JPMorgan Estimates Immediate Losses From Greek Exit Could Reach 400 Billion ZeroHedge.com Durden , Are They Insane? 58 Percent Of Americans Believe Economic Conditions In The United States Will Be Good A Year From Now http://albertpeia.com/insanelyoptimistic.htm , If You Live In California Things Just Got A Whole Lot Worse http://albertpeia.com/hopelesscluelesscalifornia.htm Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , Why Is The Obama Administration Allowing The Chinese Government To Buy Up U.S. Oil And Gas Deposits Worth Billions Of Dollars? http://albertpeia.com/chinabuyingamerican.htm , Merkel is Backed Into a Corner… Commit Political Suicide or Bail on the Euro? May 13, 2012 By gpc1981 http://albertpeia.com/merkelpolsuicideorbailoneuro.htm , State Election Defeat Seen as Disaster for Merkel (WSJblogs) , Greece Can No Longer Delay Euro Zone Exit It’s Going to Get Harder for Merkel (Der Spiegel) , Newsweek cover: Obama ‘first gay president’ , Must Read: "Another Perspective" ZeroHedge.com Durden , "The Weight Of The Nation": Documenting America's Obesity Epidemic: Part 1 - Consequences , Biderman And Bianco Bury Bernanke's Bond Bull Market Backbone , Guest Post: JPM Chase Chairman, Jamie Dimon, The Whale Man, And Glass-Steagall , Moody's Downgrades 26 Italian Banks: Full Report MOODY'S DOWNGRADES ITALIAN BANKS; OUTLOOKS REMAIN NEGATIVE

Dave’s Daily: http://www.etfdigest.com MARKETS CAN’T CLIMB ON ONE WHEEL 5-14-12 ‘Angela Merkel’s party suffered a severe rebuke in local elections to socialists and other left parties. This action demonstrates the tenacity with which the public in the eurozone demands to cling to government benefits versus austerity. It further complicates matters politically for the EMU and previously agreed financial arrangements and commitments. On Saturday, the troika agreed to give Greece an extra year (2015) to reach its budget and deficit goals. This shows weakness. All this means is the eurozone will remain a problem for months and years to come. Clearly, if austerity and reform are off the table then who will pick-up the tab—the Chinese? JP Morgan (JPM) estimated if Greece were to bug-out of the eurozone and their commitments, it would cost the remaining bag holders $500 billion. We see the same conditions in Wisconsin and now California facing a $16 billion budget shortfall. The fight with public unions and other entitlements is only just beginning as current and future benefits are too much to bear fiscally without reform.

As an aside let’s review the reoccurring issues with mega-banks as just happened with JPM. I’ve been writing about the demise of the Glass-Steagall Act (GSA) for a long time. I featured it in my early 2007 book “Create Your Own ETF Hedge Fund” and frequently on ETF Digest. The GSA was made law during the Great Depression. Among other things it separated banks from brokers and federally insured bank deposits (FDIC) to $100K. This had meant banks were restricted in how they dealt with depositor funds which were widely insured by the public. In the late second term of the Clinton administration the law was allowed to lapse. At the core of this demise were a band of brothers (Phil Gramm, Chris Dodd, Alan Greenspan and Robert Rubin) led by Sanford “call me Sandy” Weill. He was the straw that stirred the drink and a major WS wheeler-dealer. It allowed his brokerage firm to merge with Citigroup putting the fox in the henhouse. Others quickly followed suit. It was great (for them) from the get-go but a financial disaster ultimately as the walls separating underwriting and trading from federally insured deposit taking came tumbling down. It created a regulatory mess as a multitude of agencies now had responsibility to oversee these new mega-bank combinations. Regulators were inadequate to the task. When the financial crisis hit in 2008 suddenly trading the public’s money meant the public had to bail out these new mega-banks. Rather than reinstituting various protections of the GSA the government just heaped more regulations atop those that weren’t working anyway. The mega-banks and their congressional allies weren’t about to let the toothpaste be put back in the tube. Therefore, we still have these JPM trading fiascos occurring because there aren’t enough smart (emphasis added) regulators to oversee (herd cats) mega-banks. And, besides if they’re bailed-out once they expect to be bailed-out again..’

Are They Insane? 58 Percent Of Americans Believe Economic Conditions In The United States Will Be Good A Year From Now http://albertpeia.com/insanelyoptimistic.htm

Merkel is Backed Into a Corner… Commit Political Suicide or Bail on the Euro? May 13, 2012 By gpc1981 http://albertpeia.com/merkelpolsuicideorbailoneuro.htm

Why Is The Obama Administration Allowing The Chinese Government To Buy Up U.S. Oil And Gas Deposits Worth Billions Of Dollars?

http://albertpeia.com/chinabuyingamerican.htm

If You Live In California Things Just Got A Whole Lot Worse

http://albertpeia.com/hopelesscluelesscalifornia.htm

Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm

‘Why does the state of California seem to be so incredibly hopeless?  These days California can't seem to do anything right, and if you live in California things just got a whole lot worse. 

Newsweek cover: Obama ‘first gay president’

CBSNYTIMES POLL: ROMNEY PULLS AHEAD BY 3...

Drudgereport: 5-14-12 EU ON THE BRINK...
Euro Weakens on Greek Exit Spec...
Big Debt Payment Due Tuesday...
Italian banks DOWNGRADED...

WORLD BRACES FOR EURO SPLIT

CBSNYTIMES POLL: ROMNEY PULLS AHEAD BY 3...
PAUL OUT...

ALERT: Euro Officials Begin to Weigh Greek Exit...

Fear grows of Greece leaving euro...
Will 'run out of money soon'...
Moment of truth...
Euro Parity With the Dollar?
If Greece goes... who and what would be next?
Turmoil boosts London property stampede...
IMF concerned about Kuwait's finances?

CRUSHING DEFEAT...

3 to Exit J.P. MORGAN After Shock Losses...
Dimon Remains...
Obama: JPMORGAN 'One Of The Best-Managed Banks' {by failed president wobama standards which of course is no standard at all}...
Anti-capitalist protesters storm campaign HQ building...

UPDATE: 230,000 unemployed lost benefits over weekend...
CA DOWN $16B...
BROWN WARNS OF BIG CUTS...
'Worst recession since 1930s'...
Obama pushes new billion-dollar stimulus plan...

NBC ADDS SITCOM FROM OBAMA SPEECHWRITER...

‘WALL STREET DOES BROADWAY’

http://albertpeia.com/wallstreetdoesbroadway.htm

http://albertpeia.com/collapseofderivativesmarket.htm

Lot of whistling down there on wall street as ‘WALL STREET DOES BROADWAY’ (not Main Street mind you, they’re for screwin’) … Rogers and Hamerstein to be exact with their recurring theme going thusly:

Whenever the frauds on wall street feel afraid,

Their penises get erect (for screwin’ someone other than their deserving selves),

They whistle a happy tune,

So no one will suspect,

They’re afraid.

While shivering in their shoes,

They strike a fearless pose,

And whistle a happy tune,

So no one will suppose,

They’re afraid.

Yeah, lots and lots of whistling on fraudulent wall street. So uniquely fashioned to their task of obfuscation and fraud, even Humphrey Bogart would have found Lauren Bacall’s instructive direction for same as wanting in comparison (not everyone will get this…famous, but strictly unreal cinematic show biz, not the live fraud biz of wall street fame). I believe much of this soft shoe song and dance was for the ‘benefit’ of european markets which are hopelessly in the throes of their own confrontation with reality, which despite all the whistling is all going to get much worse than feared, fearless poses notwithstanding (see infra).

It is here where wobama not doing what he said he’d do last campaign littered with his jive-talking b***s***!

Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Facebook co-founder Saverin renounces citizenship , The 2 Billion Dollar Loss By JP Morgan Is Just A Preview Of The Coming Collapse Of The Derivatives Market http://albertpeia.com/collapseofderivativesmarket.htm

The 2 Billion Dollar Loss By JP Morgan Is Just A Preview Of The Coming Collapse Of The Derivatives Market http://albertpeia.com/collapseofderivativesmarket.htm , http://albertpeia.com/wallstreetdoesbroadway.htm

Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales… http://albertpeia.com/ecricallsrecession.htm , J.P. Morgan has significant credit portfolio loss May 10th, 2012 by News Breaking…………“Shares of J.P. Morgan Chase & Co. JPM -5.89% dropped after the bank said in a regulatory filing late Thursday it had “significant” mark-to-market losses in its synthetic credit portfolio. Shares fell 4.5% to $38.87 in after-hours activity. In a Securities and Exchange Commission filing, the bank said its synthetic credit portfolio had proved to be riskier and more volatile than expected.”MarketWatch MK comment: Sound familiar? Think Bear Stearns, early 2008. , J.P. Morgan Reveals 'London Whale'-Size Losses , Surprising JPMorgan loss hits stock market late NEW YORK (Reuters) - Stock index futures fell sharply on Thursday evening as JPMorgan Chase & Co stunned investors with news that its chief investment office had incurred "significant mark-to-market losses... , Marc Faber Sees A 1987-Like Crash Approaching www.zerohedge.com Durden, "Europe Has Started The Endgame" And Biderman Says "The US Is Next" , Greece's Jobless Soar By 42% As Unemployment Rises To Record, Industrial Collapse Accelerates

New Level Of Stock Market Quote Insanity ZeroHedge.com

Facebook co-founder Saverin renounces citizenship

The 2 Billion Dollar Loss By JP Morgan Is Just A Preview Of The Coming Collapse Of The Derivatives Market

http://albertpeia.com/collapseofderivativesmarket.htm

Drudgereport: B A C K L A S H:
POLL (Rasmussen): ROMNEY 50% OBAMA 43%...

Stocks Worst Week of Year...
JP MORGAN Dimon: 'We Screwed Up'...
$2 Billion Loss...
Credibility at stake...
Fed 'Investigates'... { Riiiiight! Nothing to worry about now, the fraud inducing failed fed’s on the job! NOT! Worry! Really worry! Much worse to come! http://albertpeia.com/fedponzifails.htm http://albertpeia.com/fraudulentfedhasfailed.htm

MSNBC Anchor Cuts off Contributor's Mic over Romney Defense...
'You're in my house, now'...

CLINTON: O'S AN 'AMATEUR'...
BOOK: Bill urged Hillary to quit Cabinet, run in primaries...
Obama's Own Doctor Slams ObamaCare as 'Failure'?
BEACH BOYS SINGER: 'Obama's a Socialist A**hole'...
FACEBOOK CO-FOUNDER GIVES UP U.S. CITIZENSHIP BEFORE IPO...

Talkradio host found shot to death inside home... { This is jersey! This could be anything from a mob hit to random, pervasive violence, etc. }

Police Sent To Collect Overdue Library Books From 4-Year-Old Girl...

Shopping Mall Requires Teens To Be With Parents After 6 PM...

Chicago Officials Ban Food, Drinks, Backpacks On City Trains...

NSA, GOOGLE SPY TIES 'CAN REMAIN SECRET'

GOOGLE starts mapping indoor locations!

Air Force Document: Drones Can Be Used To Spy On Americans...

J.P. Morgan has significant credit portfolio loss May 10th, 2012 by News Breaking…………“Shares of J.P. Morgan Chase & Co. JPM -5.89% dropped after the bank said in a regulatory filing late Thursday it had “significant” mark-to-market losses in its synthetic credit portfolio. Shares fell 4.5% to $38.87 in after-hours activity. In a Securities and Exchange Commission filing, the bank said its synthetic credit portfolio had proved to be riskier and more volatile than expected.”MarketWatch MK comment: Sound familiar? Think Bear Stearns, early 2008. , J.P. Morgan Reveals 'London Whale'-Size Losses , Surprising JPMorgan loss hits stock market late NEW YORK (Reuters) - Stock index futures fell sharply on Thursday evening as JPMorgan Chase & Co stunned investors with news that its chief investment office had incurred "significant mark-to-market losses... , Marc Faber Sees A 1987-Like Crash Approaching www.zerohedge.com Durden, "Europe Has Started The Endgame" And Biderman Says "The US Is Next" , Greece's Jobless Soar By 42% As Unemployment Rises To Record, Industrial Collapse Accelerates , Dave’s Daily: http://www.etfdigest.com STOCKS ATTEMPT TO RALLY 5-10-12 ‘In overseas news, China’s exports were only 4.9% vs 8.5% expected (I guess that qualifies as a miss). China is also rumored to be intervening to support the euro (or, defending their position) which should explain why the currency hasn’t fallen further. In England, the Central Bank head Merwyn King has (gasp!) halted bond buying (QE) due to the combination of inflation and recession—yes, commonly known as stagflation. In the U.S. Jobless Claims (367K vs 366K expected & prior adjusted higher to 368K) allowed for a bullish headline as usual. The Bloomberg Consumer Comfort Index (-40.4 vs prior -37.6) wasn’t helpful but basically ignored. The data point formerly known as the trade deficit (-$51.8B vs -$49.5B expected & prior revised to -$45.4) wasn’t very supportive of global industrial growth. I wonder, do iGadgets made in China that stay in China count as U.S. exports?The Bernank spoke and provided little news with this Bloomberg summary: “There were no dramatic revelations with Chairman Bernanke's comments. However, he repeated concerns that housing remains hindered by tight lending standards and that expansion of bank credit is being hindered by creditworthiness issues and soft demand.” Impressed? I thought not.Earnings news wasn’t great frankly as Kohls (KSS) provided a poor outlook and tech was held back by a poorly received report from Cisco (CSCO).Stocks rallied early but then faded into the close…’ , A Chinese Group Plans To Construct A 200 Acre "China City" In Michigan http://albertpeia.com/chinamerica.htm , If Spain’s Problems Are Solved… Why Are They Putting Together “Plan B”? http://albertpeia.com/spainnotsolvedsoplanb.htm , London trader for JPM “amassed positions so large he’s driving prices” usagold.com ‘A JP Morgan Chase & Co trader of derivatives linked to the financial health of corporations has amassed positions so large that he’s driving price moves in the $10-trillion market, traders outside the firm said…’ , J.P. Morgan has significant credit portfolio loss MK comment: Sound familiar? Think Bear Stearns, early 2008

Marc Faber Sees A 1987-Like Crash Approaching www.zerohedge.com Durden, "Europe Has Started The Endgame" And Biderman Says "The US Is Next" , Greece's Jobless Soar By 42% As Unemployment Rises To Record, Industrial Collapse Accelerates

A Chinese Group Plans To Construct A 200 Acre "China City" In Michigan

http://albertpeia.com/chinamerica.htm

Drudgereport: Obama: 'Sometimes I Forget' Magnitude of Recession…{ Oh! How conveniently forgetful, though the vast majority of americans don’t have wobama’s luxury of feigned amnesia suffering from what wobama did and didn’t do contrary to promises last time around the perpetual campaign trail littered with his typical jive-talking b***s***! The following headline will help him remember some of his sordid, pot-clouded high school past! }...
FLASHBACK: Obama's Sordid High School Past...
By Ben Shapiro ‘While the Washington Post has been diligently digging into relatively innocent high school pranks by Mitt Romney, they’ve spent the last few years diligently ignoring President Obama’s far more controversial high school days.Obama, by all accounts, was a habitual drug user in high school. He tried cocaine, he admits in Dreams From My Father; he “tried drugs enthusiastically.” The Chicago Tribune reported back in 2007 that Obama thanked the “Choom Gang” in his high school yearbook; “chooming” was Hawaiian slang for smoking pot. The Honolulu Advertiser reported that Obama’s senior portrait “prominently displayed … A package of ‘Zig-Zag’ rolling papers and a matchbook.” One of Obama’s close friends was arrested for drug possession during high school.In his memoir, Obama talked about routinely getting high. “Junkie. Pothead,” he wrote. “That’s where I’d been headed: the final, fatal role of the young would-be black man.” But, according to Obama, he only got high because he was contemplating deep matters: drugs could “push questions of who I was out of my mind.” Obama told students in 2007 that this activity constituted “goofing off” and “wasting time”:"I will confess to you that I was kind of a goof off in high school as my mom reminded me," Obama said. "I went to high school in Hawaii, so there's a lot of opportunity to goof off because the weather is really good all the time …"You know, I made some bad decisions …. You know, got into drinking and experimenting with drugs. There was a whole stretch of time where I didn't apply myself. It wasn't until I got out of … high school, and went to college that I started realizing, man, I wasted a lot of time.”The New York Times, however, went out of its way to find Obama’s classmates to testify that drugs played only a “bit part” in Obama’s youth. Yet Obama would later brag on the campaign trail that he “inhaled frequently … that was the point.”During his high school years, Obama hung out with communist radical Frank Marshall Davis; in 2007, the Los Angeles Times reported that during his high school days, “he felt the first stirrings of anger toward whites. He says he also delved into black nationalism.” He was “offended or even enraged when white classmates adopted black street slang or revealed their underlying consciousness of his race by going out of their way to tell him how much they admired a black musician or athlete.” This activity is certainly more reflective of Obama’s ideological history than Mitt Romney’s pranks on teachers and fellow students. And as for the drug use – well, that seems just a bit more serious than walking a teacher into a door or cutting a student’s hair. But leave it to the Post to ignore or downplay all of that in favor of continuing stories about Romney’s dog, his high school hijinks, and whatever other nonsense they can use to protect President Obama from his own incompetence.’ Ben Shapiro is Breitbart News Editor-at-Large.  Follow him on twitter @benshapiro.
Cracks in the Washington Post story on Romney’s ‘pranks’ emerge
Correction Request: Washington Post Uses Falsehood in Romney Hit Piece
Media Downplays Obama's Past, Tries to Define Romney with Teen Prank
If we're going to delve deep into a candidate's past, let's delve deep into a candidate's past. Here's Obama in his own words admitting to physically shoving a little girl named Coretta. Yes, it was at this moment that the first shot in the War on Women was fired.http://albertpeia.com/obamashovesgirl.png

No doubt that after expending all that energy bullying an innocent little girl, young Obama readied himself for round two by eating a Golden Retriever. More on this breaking story here.If you're wondering what the rules are regarding a candidate's past; how far back we're allowed to go in an attempt to define them -- the answer is simple: the corrupt media will let us know.
Washington Post Disgraces Itself By Targeting Romney's 'Anti-Gay' High School Pranks by Ben Shapiro { It is true! The once great now failed newspaper, the washington post, is an absolute disgrace! But a shadow of its former self, the post is biased presumably owing to shared desperation with the failed president wobama in return for access. So egregious had the bias become wherein ‘sensitive’ commentary antithetical to wobama and his, seldom seemed to work/post properly; and, then of course, the post’s pro-wobama perpetual darkness-induced blind ‘constituency’. I stopped posting there and have not visited their site since nor will I ever again. A rather pathetic swansong / end / wind-down / final chapter for what was once a great newspaper for which I had the utmost regard and respect! }
Obama WILL NOT pursue gay marriage as part of party platform...
STONE: 'Playing a cruel and cynical game'...
Unites Republicans?
New Black Panther Niggers Plan Newspaper Cover With Zimmerman In Noose { and civilized people everywhere should respond with niggers in nooses and contributions to the Klu Klux Klan! } ...
LOONEY CLOONEYLAND: BIG CAMPAIGN BOXOFFICE FOR NIGGERO – Meanwhile, looney clooneyland ain’t doin’ so well with the niggero model – see next headline! ...
Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm
Postal Service loses $3.2b in first quarter...
78% of California 8th graders fail national science test...

http://albertpeia.com/impeachobama.htm

3.6 Million Taxpayer Dollars Being Used To Support The Lavish Lifestyles Of Former Presidents Such As Bush And Clinton http://albertpeia.com/nothingsucceedslikefailureinamerica.htm , Guest Post: Obama Embraces Gay Marriage Durden ‘I’m in favour of consenting adults being able to do whatever they like with each other, but the fact that the current push for gay marriage is supported by Lloyd Blankfein and Goldman Sachs makes me very suspicious (does he want to sell securitised gay marriage debt?). It just seems like an easy issue for Obama to posture on, while trampling the Constitution into the dirt. When it comes to civil liberties, Obama has always talked a good game, and then acted more authoritarian than Bush. He talked about an end to the abuses of the Bush years and an open and transparent government, yet extended the Fourth-Amendment-shredding Patriot Act, empowered the TSA to produce naked body scans and engage in humiliatingly sexual pat-downs, signed indefinite detention of American citizens into law, claimed and exercised the power to assassinate American citizens without trial, and aggressively prosecuted whistleblowers. Under his watch the U.S. army even produced a document planning for the reeducation of political activists in internment camps. Reeducation camps? In America? And some on the left are still crowing that talking about being in favour of gay marriage makes him “pro civil liberties”? Is this a joke? , Obama criticizes Romney as 'backwards on equality' President Barack Obama wasted little time casting Republican rival Mitt Romney as "backwards on equality" on Thursday, eager to transform his historic embrace of same-sex marriage into donor... { Except that wobama’s been as he puts it, backwards on equality until one day ago when he embraced same sex marriage for election-year expedience in desperation after opposing same for years; and, don’t forget, despite promises to the contrary, no prosecutions for the big frauds on wall street who remain in wobama’s monkey-eyes more equal than others. The wobamas, wobama, stand for nothing whatsoever and are just a pair of grifters who make the entire nation, if not the world, look dumb and foolish! } , Millions Of Illegal Immigrants Are Using A Massive Scam To Get Bigger Tax Refunds Than You Are http://albertpeia.com/illegalimmigranttaxscam.htm

11 Quotes That Show How Worried The Financial World Is About Europe Right Now http://albertpeia.com/financialworriesabouteurope.htm ‘…The following are 11 quotes that show how worried the financial world is about Europe right now....

UN: Mt. Rushmore Should Return to Native Americans { It’s truly hilarious how jones et als attempt to spin the fundamental, historical truth of inherent american criminality into some grand elitist conspiracy from without. Yet, the reality of within speaks for itself; and, I’ve seen inherent american criminality first hand, which inherent traits are at the core of virtually all jones et als posit as fatally problematic for the nation. I am smart, tough, and know the law; and, I have seen american inherent criminality, corruption, despoliation up close and personal, first hand, and know what ‘is’, is (then there’s also the plethora of observable, empirical data that even the blind couldn’t ignore):

http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/americangovernmentdrugtrafficking.htm
http://albertpeia.com/americascorruptiondrugtrade.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

24 Facts That Prove That America Is A Nation Of Slobs
http://albertpeia.com/24factsproveamericaanationofslobs.htm }

Extraordinary popular delusions and the madness of machines http://albertpeia.com/madnessofmachines.htm

INFOWARS.COM http://www.infowars.com On the Wednesday, May 9 edition of the Alex Jones Show, Alex talks with Douglas J. Hagmann, founder and director of the Northeast Intelligence Network. He is also the CEO of a private investigative agency serving a roster of Fortune 500 clients. Due to his expertise in covert surveillance and counter-terrorism, Mr. Hagmann has been used as an operational asset by the U.S. Department of Justice, the FBI, as well as the Pennsylvania and New York State Police agencies. Earlier this month, Doug said high-level, reliable sources told him the Department of Homeland Security is preparing for “massive civil war” in America as a result of a collapse of the dollar and the hyperinflation that will result. Alex also continues his coverage of the Army's re-education camps and the upcoming Bilderberg confab in Virginia.

24 Facts That Prove That America Is A Nation Of Slobs

http://albertpeia.com/24factsproveamericaanationofslobs.htm

Drudgereport: 5-09-12 Fed clears China's first US bank takeover...

324,000 Women Dropped Out Of The Labor Force -- In Last 2 Months!

EVOLUTION: OBAMA NOW BACKS GAY MARRIAGE… [ Well, with some frolicking documented coicaine/gay sex romping in his past, he’d be hard pressed not to. Interestingly, Clit Eastwood has come out in favor of gay marriage saying he doesn’t give a f**k… good for you Clit; spoken like a true egalitarian. Truth be told, I always liked those spagetti westerns that put him on the map; his own ‘Pale Rider’, particularly; and of course, the ‘Dirty Harry’ series. Aside from that, I find him/his films boring, shallow, and plebian beyond tears; hardly the philosopher king. Yet, I also don’t give a f**k regarding gays living their lives as they wish, with full constitutional protections consistent with their presumed law-abiding lives, particularly in a world like this, such as it is. But, that doesn’t mean the ‘state’ must get behind (no pun intended) same. There are few if any legal statuses that can’t be achieved through legal document, ie., adoptions, trust beneficiaries, etc.. Marriage, procreation, the province of a man/woman relationship has always been a given. Also interesting was the take on same by reknown Psychiatrist Maslow (his famed, laudable work regarding hierarchy of needs, etc., needs no introduction) who wrote and posited that homosexuality was physically, anatomically contraindicated. Again, let me reiterate a live, let live position while cautioning against the state getting behind (again, no pun) same and potentially giving young, pubescent, impressionable boys the idea that penises were made for male a**holes and not female vaginas. ] ... OBAMA ADMITS FABRICATING GIRLFRIEND IN MEMOIR { Latent gay man obama - ... Barack Obama: The Naked Emperor Shocking but true revelations from David Icke| ..Obama is just more of the same, a big smile with strings attached, and controlled completely by those that chose him, trained him, sold him and provided his record funding, kept his many skeletons under wraps, like the gay sex and crack cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp, who is alleged to claim that someone claiming to represent me called asking for $100,000, to keep me from coming forward about our (Obama and I) November 1999 encounter of sex and cocaine use?), ... Obama is just another Banksters' moll prostituting himself .., and that's why he supported the grotesque bail-out of the banking system and why he will always put their interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv }
OBAMA NOW BACKS GAY MARRIAGE
Raises $1 Million in 90 Minutes...
GAWKER: Bulls**t Announcement...
LAWYER: MORE Travolta accusers coming forward...

5-08-12 GALLUP: ROMNEY RETAKES LEAD...
UPDATE: Empty seats haunt Obama...

Obama’s DOJ And Wall Street: Too Big For Jail? Forbes | Why has no one on Wall Street been charged with financial fraud despite Obama’s Financial Fraud Task Force {and previous campaign promises}? , The Countdown To The Break Up Of The Euro Has Officially Begun http://albertpeia.com/countdowntoeurobreakup.htm http://albertpeia.com/wherehaveallthetaxdollarsgone.htm , Officials: Al-Qaida underwear bomber worked for CIA , After The Government Microchips Our Soldiers, How Long Will It Be Before They Want To Put A Microchip In YOU http://albertpeia.com/governmentchippinaway.htm

Dave’s Daily: http://www.etfdigest.com TWO WAY TUESDAY MARKET ACTION 5-8-12 ‘Markets were selling off hard most of the day on lingering doubts about the fate of the eurozone amid Greece, France and Spain. After hitting some support levels markets rallied sharply into the close led by (ahem) the reliable 2:15 PM Buy Program Express… Familiar suckers’ rally into the close off lows to keep suckers sucked in! This is an especially great opportunity to sell / take profits! Corporate insiders are selling like there’s no tomorrow http://albertpeia.com/22redflagsofdoomforglobalfinancialmarkets.htm – REMEMBER: SELL IN MAY AND GO AWAY!

The Countdown To The Break Up Of The Euro Has Officially Begun

http://albertpeia.com/countdowntoeurobreakup.htm

After The Government Microchips Our Soldiers, How Long Will It Be Before They Want To Put A Microchip In YOU

http://albertpeia.com/governmentchippinaway.htm

‘Where have all the tax dollars gone, long time passing’? http://albertpeia.com/wherehaveallthetaxdollarsgone.htm

The 25 Biggest Defense Companies In America

Eloise Lee and Robert Johnson | Mar. 13, 2012

‘President Eisenhower warned of the rise of the military industrial complex in his 1961 farewell address…’

Five Reasons For Caution In US Equities ZeroHedge.com http://albertpeia.com/5reasonsforcautioninusequities.htm While there may be a plethora of geopolitical reasons to be 'cautious' of getting over your skis in US equities, there are a number of more quantifiable reasons for not buying-the-f##king-dip here. Between the sustainability of US earnings and the sell-in-May mantra, we highlight five foods-for-thought before you push all-in this morning. , Guest Post: Global Reality - Surplus Of Labor, Scarcity Of Paid Work , Will Equity Investors Never Learn? Presented with little comment except to note that just when you thought a sense of reality had returned (and Treasuries and stocks re-coupled), equities feel the need to hype once again - fool you once shame on you, fool you the 50th time and we give up. , US Equities Ignoring US Sovereign Risk Warning , Is Obama Negotiating A Treaty That Would Essentially Ban All "Buy American" Laws? http://albertpeia.com/wobombanation.htm , Debt Serfdom in One Chart http://albertpeia.com/debtserfdom.htm , Soylent Pepsi is People http://albertpeia.com/soyentpepsi.htm Infowars.com | Ground up dead baby fetuses… just business as usual. { Well, let’s not kid ourselves; there’s likely canabalism in wobama’s line! How totally disgusting. I’ll never drink pepsi ever again! }. , Do What Buffett Says, Not What He Does , Greek Bonds Monkeyhammered As Hedge Funds Slash Hands Catching Falling Knives , Guest Post: The Treasury Bubble in One Graph , And Back To Euro-Math: Up To €210 Billion Funding Shortfall For Spanish, Italian Banks In 2012 , Overnight Sentiment: Clutching At Straws

Will Equity Investors Never Learn? Presented with little comment except to note that just when you thought a sense of reality had returned (and Treasuries and stocks re-coupled), equities feel the need to hype once again - fool you once shame on you, fool you the 50th time and we give up.

Debt Serfdom in One Chart http://albertpeia.com/debtserfdom.htm ,

Five Reasons For Caution In US Equities ZeroHedge.com http://albertpeia.com/5reasonsforcautioninusequities.htm

Five Reasons For Caution In US Equities ZeroHedge.com http://albertpeia.com/5reasonsforcautioninusequities.htm , Is Obama Negotiating A Treaty That Would Essentially Ban All "Buy American" Laws? http://albertpeia.com/wobombanation.htm , Debt Serfdom in One Chart http://albertpeia.com/debtserfdom.htm , Soylent Pepsi is People http://albertpeia.com/soyentpepsi.htm Infowars.com | Ground up dead baby fetuses… just business as usual. { Well, let’s not kid ourselves; there’s likely canabalism in wobama’s line! How totally disgusting. I’ll never drink pepsi ever again! } , Two Charts Exposing America's Record Shadow Welfare State ZeroHedge.com, And Back To Euro-Math: Up To €210 Billion Funding Shortfall For Spanish, Italian Banks In 2012 , Overnight Sentiment: Clutching At Straws

Soylent Pepsi is People http://albertpeia.com/soyentpepsi.htm Infowars.com | Ground up dead baby fetuses… just business as usual. { Well, let’s not kid ourselves; there’s likely canabalism in wobama’s line! How totally disgusting. I’ll never drink pepsi ever again! } . Is Obama Negotiating A Treaty That Would Essentially Ban All "Buy American" Laws?

http://albertpeia.com/wobombanation.htm

Ron Paul Could Still Win Enough Delegates To Deny Mitt Romney The Republican Nomination

http://endoftheamericandream.com

http://albertpeia.com/notgoingtohappen.htm

{ First, let me say at the outset, that if Ron Paul’s grandmother had had wheels, she’d have been a trolley car. Not going to happen! Second, I include this article on my website as a matter of first amendment principle, encouraged by the authors of their website so to do. Third, and most important, it doesn’t matter what Ron Paul does at this point. He’s totally irrelevant as he’s proven over and over again to be at the end of an atypically grueling primary campaign. Quite simply, with plenty of opportunity to do so, Ron Paul never resonated with the primary voters of his own party, which party he himself chose. In a general election, Ron Paul would be lucky to get (probably the low end of the range of) 15%-25% of the vote. Remember: we’re not talking about a high school debate here, but rather an american general election with all its faults. There isn’t one vote that potentially goes to the failed president obama that couldn’t/wouldn’t as likely go, and upon reflection with rationality the criteria would go to Mitt Romney. Obviously, that’s clearly not the case for Paul. Wobama‘s a jive-talking loser who failed to do what he said he’d do last time around which we now know if he had done this nation and the world would be in a better position this day. Mitt Romney really wants to be President, which of course is not the decisive test. He’s smart enough, and flexible enough (which set up the primary battles to follow) to be President of all the nation. He wanted it, fought for it, and has earned it. At the age of 77, one could only at best say of Ron Paul that he should have started sooner. At worst, given that Paul’s chosen defacto to favor the side of collectively the losers for the proven loser, the mentally troubled b***s*** artist obama; which then makes him no more than a loser himself, and an embittered, senile old man at that. I side with the former missionary, President Mitt Romney and First Lady Ann who I congratulate for their victory in what I further believe will be a blowout victory in November. }

"Shattering The American Dream": The US Government’s Ponzi Scheme Tyler Durden 5-4-12 While Larry Kotlikoff was markedly pessimistic in the past (as we noted here just over a year ago), it seems it was a dress-rehearsal to his latest evisceration of what he now calls the US Government's Ponzi Scheme. In a recent VoxEU article on America's "fiscal child abuse", Kotlikoff and two colleagues demolish the idea of sustainability of government finances and how well off younger generations will be compared with their parents. The game is close to over and for today's children, the American dream will be just that - a dream! , Santelli On Propaganda And Ostrich Economics Everyone's favorite Chicago-ite, Rick Santelli, once again presents himself as the truth-teller-in-chief on the propaganda channel. This morning's dismal jobs data but utopian reporting of the improvement in the headline unemployment rate appears to have hit a nerve. Santelli takes on just how bad the employment picture really is, how mainstream media practices 'Ostrich Economics', and finally how nothing is deemed important to most politicians except who is to blame. One of Rick's best as perhaps CNBC has been looking at its ratings and realizes investors want the truth not the spin. , Guest Post: Debt Serfdom In One Chart Bottom line: financialization and substituting debt for income have run their course. They're not coming back, no matter how hard the Federal Reserve pushes on the string. Both of these interwined trends have traced S-curves and are now in terminal decline: Those hoping the economy is "recovering" on the backs of financial speculation/ legerdemain and ramped up borrowing by the lower 95% will be profoundly disappointed when reality trumps fantasy. , People Not In Labor Force Soar By 522,000, Labor Force Participation Rate Lowest Since 1981

The Two Scariest Charts From Today's NFP Report, Or The Real "New Part-Time Normal" , Real U-3 Unemployment Rate: 11.6% Propaganda unemployment rate: 8.1%; Real unemployment rate: 11.6%. Reason for difference: organic growth of labor force which grows alongside the broader population. Don't be confused by cheap explanations on TV why the labor force should be declining (especially with ZIRP meaning pre-retirement workers have to stay in the labor force ever longer to supplant their meager fixed income): the widely accepted definition of the labor pool, that used by the CBO and all other government forecasting agencies, assumes a 90,000 growth in the labor force every month as it has to keep in line with the growth of the US population! The implication is simple: using a real labor force participation rate long-term average of 65.8%, the real unemployment rate in April was 11.6%, based on the 5.4 million additional workers that should be counted as part of the U-3 which then means that the real number of unemployed is not 12.5 million but 17.9 million, which in turn implies a 11.6% unemployment rate in the US. This also means that the spread between the propaganda, and the real number is now 3.5%: the most it has been since the early 1980s.

Dave’s Daily http://etfdigest.com IN A NEW YORK INSTANT, EVERYTHING CAN CHANGE 5-4-12 ‘The global contraction has reached U.S. markets. The week in U.S. markets was going to be difficult and challenging with employment and ISM data dominating combined with earnings. Overall, things were okay given the heavy dose of data until Thursday afternoon when investors began to bail from markets. The ADP Employment report Wednesday wasn’t inspiring but the ISM Mfg Index was better than expected. Jobless Claims Thursday were also better than expected but the ISM Services data was a big miss leading to selling. Eurozone unemployment Thursday was reported at 10.9% and Friday the eurozone reported the PMI was 46.9 vs 49.2 confirming a likely recession. Friday’s U.S. Non-Farm Payrolls Report showed only 115K new jobs with over 500K workers leaving the employment rolls. Further, it’s reported that over 700K people will lose their unemployment benefits in June.The previously bullish increase in stocks came undone in a New York minute.

RT | A new Department of Defense document has been leaked to the Web that details “Internment and Resettlement Operations.” Some pictures for the past quarter http://albertpeia.com/42712pics.gif

Obama Mentor Wanted Americans Put In Re-Education Camps

Paul Joseph Watson | Weather Underground terrorist planned to incarcerate 25 million U.S. citizens.

Yes, The Re-Education Camp Manual Does Apply Domestically to U.S. Citizens

Paul Joseph Watson | The time for denial is over.

Crooks and Criminals in High Places with Gerald Celente

Prisonplanet.com | Alex talks with trend forecaster Gerald Celente.

Alex Jones: Pentagon prepares re-education camps for political activists

RT | A new Department of Defense document has been leaked to the Web that details “Internment and Resettlement Operations.”

Leaked U.S. Army Document Outlines Plan For Re-Education Camps In America

Paul Joseph Watson | Political activists would be pacified to sympathize with the government.

Drudgereport: 5-04-12 UN: USA should return stolen land to Indian tribes...

Anemic jobs data hit Obama launch; Official campaign starts under shadow...
Labor Force Participation Lowest Since 1981...
Disability applications soar...
Gloom builds for euro zone, United States..
Oil Prices in Free Fall as Worries Spur Selling...

Paul Ryan: Obama's 'Julia' website 'creepy' and 'demeaning'… {Ryan forgot to say ‘pathetic’!}...

Some pictures for the past quarter http://albertpeia.com/42712pics.gif

Eric Holder To Be Held In Contempt Of Congress?

http://albertpeia.com/ericholderincontemptofcongress.htm

While normally we stay away from outright political commentary especially of the kind that has no direct relation to finance or the economy, the fact is that if the US had a functioning, uncompromised, uncorrupt, and effective Justice Department, much of what we see every day on Wall Street would be vastly different since if crime did indeed have punishment, then a vast portion of the questionable behavior that is exhibited by financiers would have been eliminated long ago. Which is why we find the news just released from The Hill that "Rep. Darrell Issa (R-Calif.) has circulated a draft copy of a resolution that would hold Attorney General Eric Holder in contempt of Congress" particularly relevant. For it is none other than Holder's complete lack of involvement and intervention to outright daily crimes conducted in the financial world that is as much a reason for the deplorable economic state of this country and the world, as are all those other factor extensively discussed in books and documentaries each and every day.

Why You Shouldn't Trust Tomorrow's BLS Number

Durden

While much has been written on the revisions, adjustments, and just-plain-guesses that make up the BLS' non-farm-payroll data, the frustration levels are building in the Bay Area as Charles Biderman provides the most in-depth discussion of why we need a better press corps. The simple truth, as Charles notes, is that even the BLS doesn't believe its own hype (in its footnotes) and while mainstream media and talking heads will quote the unemployment rate or NFP change as if it was transcribed by the hand of God, it is in fact an extremely ill-formed, very narrow survey with such huge statistical noise as to be entirely useless. However, while every human should watch this brief clip before buying that 100-lot ES milliseconds after the release tomorrow, we suspect, as usual, it will be algos-gone-wild no matter how many sigma we beat or miss.

There Are 100 Million Working Age Americans That Do Not Have Jobs

http://albertpeia.com/100millionworkingageamericansdonthavejobs.htm

16 Signs That People Are Becoming Stupider
http://albertpeia.com/16signspeoplebecomingstupider.htm

The Fed and the ECB’s Hands Are Politically Tied… Bye Bye Market Props

May 4, 2012 By gpc1981 http://albertpeia.com/sharpcorrectioncoming.htm

Merkel’s In Hot Water… So No More Bailouts… Sorry Spain

May 3, 2012 By gpc1981 http://albertpeia.com/merkelsinhotwaternomorebailouts.htm

USA #1? 40 Embarrassing Things That America Is The Best In The World At http://albertpeia.com/40badthingsusabest.htm , They Love Death http://albertpeia.com/theylovedeath.htm

What can the Federal Reserve do? With the U.S. economy at risk of a double-dip recession, the central bank lacks tools to do anything. (Washington Post) [ Oh I’d say they’ve done quite enough … wouldn’t you? … Is Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This catering to fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan and failed miserably except for the frauds on wall street who commissioned up and down; and, make no mistake, those computer-programmed high-frequency trading volumes have now been maximized for nation-economy-draining profits for the frauds like never before and have never been higher. The QE and dollar-debasement policies were always predictably inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that was but in reality good only for the frauds on wall street. No, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone else’s expense including main street. ] In his June 7 speech, Fed Chairman Ben Bernanke stated, “the best way for the Federal Reserve to support the fundamental value of the dollar in the medium term is to pursue our dual mandate of maximum employment and price stability, and we will certainly do that.”

.. Bernanke’s results .. since Ben took the reins:

Feb ’06 – April ’11

Items in a Typical Budget	% Change
Food and Beverages	16.54%
Water and sewer and trash collection services	31.88%
Rent of primary residence	13.82%
Housing	8.68%
Fuels and Utilities	11.93%
Apparel	4.83%
Medical Care	20.11%
Gasoline (all types)	65.12%
Transportation	23.36%
Tuition, other school fees, and childcare	29.28%
Recreation	2.87%

 ..  The standard unemployment rate most often used by the Fed is currently at 9.1%, up 90% since Bernanke started.  The more inclusive (realistic) U6 number stands at 15.8%, up 75% in the same period.  The Civilian Participation Rate has declined 2.87% to 64.2%.

This is the lowest level the U.S. has seen since March, 1984.  The decline amounts to 8,946,844 fewer Americans in the labor force.  Had they not dropped out because of a lack of jobs, the “official” unemployment rate would be significantly higher.  While we can debate the meaning of the term maximum employment, it is clear that the jobs data has deteriorated considerably since Bernanke took the reins at the Fed.  ..

In conclusion, it is evident that Ben Bernanke is failing his mandates.  We believe it must come down to one of the following reasons:

1.       Bernanke does not know how to achieve his mandates;

2.       The policy tools employed don’t work;

3.       He does not have the ability to implement policies that would work;

4.       He is not trying to achieve his mandates;

5.       He has goals other than his legal mandates;

6.       He does not look at the data, and believes he is succeeding.

Matt Marcewicz &  Robert Barone, Ph.D.

.. ‘

Drudgereport: UPDATE: Arrest made in black-mob attack on whites...
Romney team sees path to winning presidency…{Indeed! Congratulations President Romney and First Lady Ann!} ...

Americans flee banks for home safes {Sounds like a plan!}...

Young Italians flock to become shepherds...
Spain's poorest region suffers 32% unemployment...

UPDATE: Russia threatens to strike NATO missile defense sites… { And, they mean it! Why? Potentially, the same would remove the mutually assured destruction (MAD) deterrent; and hence, is construed as a provocative, offensive gambit. Folks, at this point particularly (remember: decades at best), but at any point, such attempts to remove such destructive balances as deterrent is foolish to the point of being construed as insanity. As stated in that film of the aposite name ‘War Games’, ‘best not to play!’ } ...

Student's ordeal in DEA jail sparks outrage...

Chinese Activist Makes Plea to U.S. Congress...
Obama under fire... {While there’s plenty of deserved criticism for wobama, on a multitude of issues, and should indeed be voiced by a multitude of people; smith of pervasively corrupt, mob infested/controlled jersey is not one to be doing the criticizing. As with america generally, there is certainly nothing positive that can be said of the sordid state of new jersey!}

BLIND CHINESE ACTIVIST: THE PERFECT NEW AMERICAN CITIZEN – DOESN’T KNOW ANYTHING ABOUT AMERICA AND HE IS BLIND! US Using Staged “Blind Activist” Stunt For Leverage Ahead of Talks Prisonplanet.com
Why Is It Necessary For The Federal Government To Turn The United States Into A Prison Camp?

http://albertpeia.com/usprisoncamp.htm

{ I really must say that this is a tough one because the vast majority of americans are inherently criminal, with the highest crime rates in the world among the so-called ‘civilized’ nations (you can’t count the niggers of sub-saharan africa as civilized, and there’s no question but that the niggers have disproportionately skewed the american crime rates, particularly violent crimes, higher); including, from my direct observation and experience, that within all three branches of the u.s. government. Indeed, the (should be prison) inmates are running this asylum called america. The reality is that there are so many americans that are not in jail who should be in jail, it’s difficult to avoid these harsh third world measures in what has essentially become a third world nation overrun by the most sordid, despicable criminals one can imagine. They must really prosecute the biggest criminals including the oligarchs as, ie., the huge frauds on wall street, etc., and ‘bury’ the violent repeat offenders, etc., without exception. The problem with america is not the terrorist threat from without, but rather the plethora of inherently criminal americans within. Moreover, the corruption is pervasive and systemic. Unfortunately, crime pays in america and pays well; and, God help you if you try to live within the law and get in their way or potentially cost them money or some of their illegal business because no one else will. There’s criminal control at all levels of american society. That’s the problem; with the relatively few non-criminally inclined, criminal by complicity inasmuch as americans are for the most part gutless cowards who go along to get along along with a million other excuses, not the least of which is ‘the price was right’. That’s reality! That said, it’s the ‘for or agin’ me primitive mentality that pervades the u.s. government, ‘thought police’, arbitrary powers of detainment, abrogation of first admendment rights, internet intrusion/censorship, arbitrary enforcement of the law, etc., that is and I find particularly appalling, counter-productive, and regressive. There is an element of projection, given some of the evil things the government has done abroad; blowback being not entirely out of the realm of possibility which ultimately is the sad consequence of the worst of human nature which is invariably inclined to go too far in the worst way. The sad fact is that as with any banana republic, the governmental powers that be go to whatever nefarious lengths necessary (control by whatever means, at some level) to unreasonably maintain their access to undeserved power, money, resources, luxuries, etc., invariably to the detriment of the vast majority as is so here in america today. There are very few positive things that can be said of america today. I, for one, cannot think of any at all! [ ‘america, love it or leave it’? Love it? Truth be told, I don’t even like america! See, ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm ] }

New Obama Executive Order Pushes Us Closer To A North American Union And A One World Economic Systemhttp://albertpeia.com/wobamaexecorderforoneworldgovernment.htm { The truly astounding thing here is that without exception, these respective nations, from largest to smallest, can’t even manage themselves, their own nations properly, efficiently; and then there’s the inevitable corruption, ‘bigger and better?’. Come on! More obfuscation! In a world such as this, human nature being what it is, ‘bigger is definitely not better’! They’re pushing on a string! Time for accountability! Time to pay the piper! Additionally, people must come to grips with the reality that wobama hasn’t the slightest idea what he’s doing; hence, the over-vacationed teleprompter reader whose ‘handlers’ have literally taken over policy, with some ‘slick’ maneuvering to try and repackage him; ultimately to no avail inasmuch as his disastrous results at home and abroad speak volumes. If only he had done what he said he was going to do last campaign, this nation and the world would have been in a better position today! } , Military Winning War Over Pensions Bruce Krasting 05/02/2012 Why is the Military Retirement Fund exploding higher? http://albertpeia.com/militarypensiondebacle.htm , This Is the First Time In History that All Central Banks Have Printed Money at the Same Time … And They’re Failing Miserably Washington’s Blog | Simultaneous Global Printing Is Failing Miserably. Why New York Times Economist Paul Krugman Is Partly Right But Mostly Wrong http://albertpeia.com/nyteconomistkrugmanwrong.htm , NBER's Martin Feldstein Bashes The Deplorable US Economy, Says Bernanke Has Engineered Another Stock Bubble Tyler Durden 5-2-12 , Hugh Hendry On Europe "You Can't Make Up How Bad It Is" , Biderman Makes Friends: "Bankers Are As Dumb As Politicians" , Guest Post: 3 Likely Triggers Of The Next Recession Durden [ We’re already in a (continued) recession, stupid; actually, depression. { Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } ] , Zuckerman To CNBC: "The Recession Never Ended" Everyone's favorite perma-bullish stand-in for Cramer, Fast Money's Scott Wapner, seemed lost for words when Boston Properties CEO Mort Zuckerman laid down some basic truthiness on the state of the US economy "We have the most stimulative fiscal and monetary policy in the history of this country and here we are three years into the recession and it's not ended. I think we may be heading for an even weaker economy this year than people expect." The righteous REIT ruler went on to note that it is not just the US but Europe (ridiculously high unemployment rates) where he analogizes (rather picturesquely) that it reminds him of "the man who jumps off a 25-story building and as he's hurtling by the sixth floor he says 'don't worry, nothing has happened yet'." Wapner is silenced and changes the topic as we suspect he is stunned at the honest sentiment given the nominal three-year-highs in REIT indices. Truth is indeed stranger than fiat-fiction

Military Winning War Over Pensions Bruce Krasting 05/02/2012 Why is the Military Retirement Fund exploding higher? http://albertpeia.com/militarypensiondebacle.htm { Bubbles, bubbles everywhere; and, though aware, they show not even a care. This is all steeped in political desperation which will manifest in collapse as the respective bubbles burst as they always do, particularly on fraudulent wall street. Will you be holding their bag? }

This Is the First Time In History that All Central Banks Have Printed Money at the Same Time … And They’re Failing Miserably

Washington’s Blog | Simultaneous Global Printing Is Failing Miserably.

NBER's Martin Feldstein Bashes The Deplorable US Economy, Says Bernanke Has Engineered Another Stock Bubble

Durden on 05/02/12

That the market is merely yet another transitory sugar high bubble creation of the Chairsatan and his central planning colleagues in various marble buildings around the world is no surprising to anyone, at least not anyone who maintains a pretense of objectivity, is not desperate to sell a weekly newsletter, and has a frontal lobe. What however is not only surprising, but outright shocking, is that such embedded members of the aristocratic status quo elite as Martin Feldstein - a professor of economics at that bastion of Keynesianism Harvard as well as president emeritus of the NBER - the folks who tell us when recessions start and end, are starting to get it. To wit: "The economy is slow and weak. We are not doing very well. The economy is just coming along at a snail's pace. The first quarter numbers that we just got last week were not very good at all" and warns "if we are going to see that jump in taxes, that is going to push the economy next year into a serious recession" but the punchline: "The stock market is, I think, responding to the Fed. I think the real danger is that this is a bubble in the stock market created by low long-term interest rates that the Fed has engineered....The danger is, like all bubbles, they burst at some point" Well, uh... if it is now common knowledge that everything is manipulated, and that the economy is collapsing, and would be outright imploding if it weren't for the Fed's goosing of the stock market, does that mean it is time for Zero Hedge to hang up our hat?

Hugh Hendry On Europe "You Can't Make Up How Bad It Is"

Why New York Times Economist Paul Krugman Is Partly Right But Mostly Wrong http://albertpeia.com/nyteconomistkrugmanwrong.htm { Keep in mind: America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’, Then there’s this We Are in Age of ‘Late Great Depression’: Shiller CNBC.com | The world is in a state of “late Great Depression,” well-known economist and author Robert Shiller told CNBC Monday. [ Indeed we are! And, one for which there’s no historical comparison in terms of magnitude; nor will there be a retracement / coming back from this one owing to huge frauds, excessive fiat paper money printing, an enormous fraudulent bubble, and a time constraint that precludes same, along with insurmountable debt. ] }

‘Massive Wealth Destruction’ Is About to Hit Investors: Faber http://albertpeia.com/massivewealthdestructionabouttohit.htm , RICHARD RUSSELL: A Massive Stock Market Collapse Will Wipe Out 60 Years Of Inflation And Leveraging Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm , The 15 Trillion Dollar Party http://albertpeia.com/bankruptamericadestroyingthefuture.htm { WALL STREET IS SO FRAUDULENTLY BEYOND THE PALE; FOR THERE IS NO QUESTION BUT THAT THEY BELONG IN JAIL! }

Guest Post: 3 Likely Triggers Of The Next Recession

Durden [ We’re already in a (continued) recession, stupid; actually, depression. { Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } ]

BLIND CHINESE ACTIVIST: THE PERFECT NEW AMERICAN CITIZEN – DOESN’T KNOW ANYTHING ABOUT AMERICA AND HE IS BLIND!

US Using Staged “Blind Activist” Stunt For Leverage Ahead of Talks

April 30th, 2012

Challenge for U.S. After Escape by China Activist

April 29th, 2012

Blind Chinese Activist is US NED Proxy

April 28th, 2012

Why Is It Necessary For The Federal Government To Turn The United States Into A Prison Camp?

http://theeconomiccollapseblog.com

http://albertpeia.com/usprisoncamp.htm

{ I really must say that this is a tough one because the vast majority of americans are inherently criminal, with the highest crime rates in the world among the so-called ‘civilized’ nations (you can’t count the niggers of sub-saharan africa as civilized, and there’s no question but that the niggers have disproportionately skewed the american crime rates, particularly violent crimes, higher); including, from my direct observation and experience, that within all three branches of the u.s. government. Indeed, the (should be prison) inmates are running this asylum called america. The reality is that there are so many americans that are not in jail who should be in jail, it’s difficult to avoid these harsh third world measures in what has essentially become a third world nation overrun by the most sordid, despicable criminals one can imagine. They must really prosecute the biggest criminals including the oligarchs as, ie., the huge frauds on wall street, etc., and ‘bury’ the violent repeat offenders, etc., without exception. The problem with america is not the terrorist threat from without, but rather the plethora of inherently criminal americans within. Moreover, the corruption is pervasive and systemic. Unfortunately, crime pays in america and pays well; and, God help you if you try to live within the law and get in their way or potentially cost them money or some of their illegal business because no one else will. There’s criminal control at all levels of american society. That’s the problem; with the relatively few non-criminally inclined, criminal by complicity inasmuch as americans are for the most part gutless cowards who go along to get along along with a million other excuses, not the least of which is ‘the price was right’. That’s reality! That said, it’s the ‘for or agin’ me primitive mentality that pervades the u.s. government, ‘thought police’, arbitrary powers of detainment, abrogation of first admendment rights, internet intrusion/censorship, arbitrary enforcement of the law, etc., that is and I find particularly appalling, counter-productive, and regressive. There is an element of projection, given some of the evil things the government has done abroad; blowback being not entirely out of the realm of possibility which ultimately is the sad consequence of the worst of human nature which is invariably inclined to go too far in the worst way. The sad fact is that as with any banana republic, the governmental powers that be go to whatever nefarious lengths necessary (control by whatever means, at some level) to unreasonably maintain their access to undeserved power, money, resources, luxuries, etc., invariably to the detriment of the vast majority as is so here in america today. There are very few positive things that can be said of america today. I, for one, cannot think of any at all! [ ‘america, love it or leave it’? Love it? Truth be told, I don’t even like america! See, ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm ] }

USA #1? 40 Embarrassing Things That America Is The Best In The World At http://albertpeia.com/40badthingsusabest.htm , They Love Death http://albertpeia.com/theylovedeath.htm

Obama Should ‘Remove Eric Holder’ and ‘Just Come Clean’ on Fast and Furious, Says Rep. Steve King

CNSNews.com | “If I were the president of the United States, I would find a way for Eric Holder to step down, and it would be characterized as a firing,”

GOP Blasts Obama for Travel Costs

Trail of Death: Breitbart Coroner Turns Up Dead, Arsenic Poisoning Suspected

Patrick Henningsen | Another dead body turns up in LA, this time it’s a veteran coroner technican connected to the Andrew Breitbart case.

95 Percent Of The Jobs Lost During The Recession Were Middle Class Jobs

http://albertpeia.com/95percentofjobslostmiddleclass.htm

Why? - 21 Unanswered Questions That They Don't Want You To Look Into

http://albertpeia.com/21unansweredquestions.htm

BIN LADEN WAS ALREADY DEAD http://albertpeia.com/binladenwasalreadydead.htm

Bin Laden: Everyone Is Missing the Big Picture

: George Washington : 04/30/2012

We Are in Age of ‘Late Great Depression’: Shiller CNBC.com | The world is in a state of “late Great Depression,” well-known economist and author Robert Shiller told CNBC Monday. [ Indeed we are! And, one for which there’s no historical comparison in terms of magnitude; nor will there be a retracement / coming back from this one owing to huge frauds, excessive fiat paper money printing, an enormous fraudulent bubble, and a time constraint that precludes same, along with insurmountable debt. ]

Frontline On Financial Fraud Durden ‘The Financial Crisis Never Ended’

In one of the most complete documentaries undertaken on the financial crisis, PBS Frontline's "Money, Power, & Wall Street" series stretches from the origins of the credit derivative business with a bikini-clad pool-side Blythe Masters and her JPMorgan colleagues to the scary (but absolutely true) fact that the financial crisis never ended. The four-part series (of which we present the first two below) continues tonight at 730ET and the entire set of 20 in-depth interviews with the various players (from Sheila Bair to Rodgin Cohen with a smattering of Jared Bernstein and Dick Fisher in between)  can be found here. A must-watch series from beginning to end to get a grasp of how we got here (despite what Chairman Greenspan told us all this morning), where exactly we are now (in spite of today's FTMFW ISM print), and what we can expect in the next few years.

95 Percent Of The Jobs Lost During The Recession Were Middle Class Jobs

http://albertpeia.com/95percentofjobslostmiddleclass.htm

{ There should be no surprise here; especially in light of specific government policies that made some insiders filthy rich, and as well, the bailouts that helped the banksters among other frauds at the expense of ‘the many’. }

Why? - 21 Unanswered Questions That They Don't Want You To Look Into

http://albertpeia.com/21unansweredquestions.htm

{These are 21 for sure; yet, if it was only 21, there’d be at least a semblance of hope. New study: High U.S. debt levels could mean a quarter century of weak growth (The American Enterprise Institute) [ That’s optimistic; and towards the end there at best! Remember: Decades at Best! ] , Total US Debt Soars To 101.5% Of GDP Tyler Durden on 05/01/2012 }

5-01-12 Drudgereport: MILBANK: Preezy making me queasy... ‘campaigner in chief…The preezy of the United Steezy is making me queasy…According to statistics compiled for a book to be published this summer, the president has already set a record for total first-term fundraisers — 191 — and that’s only through March 6. Measured in terms of events that benefit his reelection bid, Obama’s total (inflated in part by relaxed fundraising rules) exceeds the combined total of George W. Bush, Bill Clinton, George H.W. Bush, Ronald Reagan and Jimmy Carter… “Not everything should be subject to thinking about the next election instead of thinking about the next generation,” Obama said of the Republicans. “Not everything should be subject to politics.” [ Typical nigger jive-talk / b***s***! ] ‘He should follow his own advice.’ … [ Bravo Mr. Milbank. And, don’t worry … wobama the b for b***s*** is done! It’s great to see Mr. Milbank finally walk in the light! ]
SEALS SLAM OBAMA FOR MAKING IT POLITICAL
GOP SEN: 'Shame on Barack Obama'...
FLASHBACK: Obama '08 Accused Clinton of Using Terror Leader To 'Score Political Points'...
CHICAGOLAND: Teacher tells students NRA wants 'porch monkeys' to die…[Sounds like a plan!]...

BIN LADEN WAS ALREADY DEAD

Bin Laden: Everyone Is Missing the Big Picture http://albertpeia.com/binladenwasalreadydead.htm

: George Washington : 04/30/2012

Campaign ad says Romney wouldn't have ordered raid to kill Osama bin Laden … [Coulda…Woulda…If wobama’s grandmother had wheels she’d have been a trolley car…There’s documentation from reliable military sources that the ‘staged event’ for political capital at a time wobama was generating record low polling numbers did not in reality result in Osama’s death – there are also varying views, from already dead, body on ice and reason for quick burial at sea, etc., see infra ]... http://albertpeia.com/binladendeadandonicesince2001.htm
“Bin Laden” Heroes Probably Murderered to Keep Them Quiet ... Gordon Duff Veterans Today

... Read full article ‘ http://albertpeia.com/binladendeadandonicesince2001.htm

Guest Post: Does Believing In The "Recovery" Make It Real? [ Indeed it does not; which should be obvious to all, but is not. Most important is the ZeroHedge.com reference to the so-called ‘pol-powers that be’ as sociopaths who have done great damage, which is undeniably true! ] Does believing in the "recovery" make it real? The propaganda policies of the Federal Reserve and the Federal government are based on the hope that you'll answer "yes." The entire "recovery" is founded on the idea that if the Fed and Federal agencies can persuade the citizenry that down is up then people will hurry into their friendly "too big to fail" bank and borrow scads of money to bid up housing, buy new vehicles, and generally spend money they don't have in the delusional belief that inflation is low, wages are rising and the economy is growing.... Data is now massaged for political expediency, failure is spun into success, and consequences are shoved remorselessly onto the future generations. The entire policy of the Federal Reserve and the Federal government boils down to pushing propaganda in the hopes we'll all swallow the con and believe that down is now up and our "leadership" is a swell bunch of guys and gals instead of sociopaths who will say anything to evade the consequences of their actions and policy choices. , Europe's "Dead Bank Walking" List And An ETA Until The Next Contagion Peak

4-30-12 22 Signs That The Collapsing Spanish Economy Is Heading Into A Great Depression http://albertpeia.com/22signsspainheadingintogreatdepression.htm , Dave’s Daily: http://www.etfdigest.com MARKET LIMPS INTO MAY 4-30-12 , The Secrets of the Spanish Banking System That 99% of Analysts Fail to Grasp http://albertpeia.com/spainbanksystemsecrets.htm , What Do California And Detroit Have In Common? http://albertpeia.com/californiadetroitdeclineincommon.htm

Rosenberg Takes On The Student Loan Bubble, And The 1937-38 Collape; Summarizes The Big Picture

Durden { Rosenberg gets this right; and, even far worse on the horizon! }

Few have been as steadfast in their correct call that the US economy sugar high of the first quarter was nothing but a liquidity-driven, hot weather-facilitated uptick in the economy, which has now ended with a thud, as seen by the recent epic collapse in all high-frequency economic indicators, which have not translated into a market crash simply because the market is absolutely convinced that the worse things get, the more likely the Fed is to come in with another round of nominal value dilution. Perhaps: it is unclear if the Fed will risk a spike in inflation in Q2 especially since as one of the respondents in today's Chicago PMI warned very prudently that Chinese inflation is about to hit America in the next 60 days. That said, here are some of today's must read observations on where we stand currently, on why 1937-38 may be the next imminent calendar period deja vu, and most importantly, the fact that Rosie now too has realized that the next credit bubble is student debt as we have been warning since last summer.

22 Signs That The Collapsing Spanish Economy Is Heading Into A Great Depression

http://theeconomiccollapseblog.com

http://albertpeia.com/22signsspainheadingintogreatdepression.htm

{ They’re not called PIIGS for naught; yet, naught is what their spendthrift policies have wrought. Actually, worse than naught since their horrendous policies which parallel those in america have dug a hole so deep, there’s no climbing out with collapse assured thereby. The Secrets of the Spanish Banking System That 99% of Analysts Fail to Grasp April 29, 2012 By gpc1981 http://gainspainscapital.com http://albertpeia.com/spainbanksystemsecrets.htm

What Do California And Detroit Have In Common?

http://endoftheamericandream.com

http://albertpeia.com/californiadetroitdeclineincommon.htm

{ Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm }

Drudgereport: 4-30-12 BARACK BIZARRE: PRESIDENT JOKES ABOUT EATING DOGS?

'What's the difference between hockey mom and pit bull? A pit bull is delicious'...
20 years after LA Riots, 22 murders remain unsolved...

SHOCK CLAIM: No housing rebound 'for a generation'...
PAPER: Obama's new slogan has long socialist past...
Farrakhan: Joining U.S. Military Is Fighting 'for the Enemy'..
WIRE: Obama Fails to Stem Middle-Class Slide He Blamed on Bush...
Jon Lovitz scorches Obama again: 'President lying to get votes'...
SEALS SLAM OBAMA FOR MAKING IT POLITICAL
GOP SEN: 'Shame on Barack Obama'...
FLASHBACK: Obama '08 Accused Clinton of Using Terror Leader To 'Score Political Points'...

CHICAGOLAND: Teacher tells students NRA wants 'porch monkeys' to die…[Sounds like a plan!]...
Campaign ad says Romney wouldn't have ordered raid to kill Osama bin Laden … [Coulda…Woulda…If wobama’s grandmother had wheels she’d have been a trolley car…There’s documentation from reliable military sources that the ‘staged event’ for political capital at a time wobama was generating record low polling numbers did not in reality result in Osama’s death – there are also varying views, from already dead, body on ice and reason for quick burial at sea, etc., see infra ]... http://albertpeia.com/binladendeadandonicesince2001.htm
“Bin Laden” Heroes Probably Murderered to Keep Them Quiet ... Gordon Duff Veterans Today

FLASHBACK: Eyewitness to OBL Raid Saw Helicopter Explode (TRANSCRIPT) [ As indicated on this albertpeia.com website, I didn’t buy the administration’s desperate and politically opportunist Osama event and still don’t buy it; and further, I believe this! ]Veterans Today | TRANSCRIPT of critical interview with Pakistani eyewitness to Bin Laden raid. Is this the key to SEAL Team 6′s demise?

“Bin Laden” Heroes Probably Murderered to Keep Them Quiet Gordon Duff Veterans Today August 7, 2011 | Some Possibly Killed in Abbottabad Helicopter Crash Months Before. [ As indicated on this albertpeia.com website, I didn’t buy the administration’s desperate and politically opportunist Osama event and still don’t buy it; and further, I believe this! ] Today 31 NATO troops, 20 of them Navy Seals from the Osama bin Laden operation died in what is reported as a helicopter crash in Afghanistan.

‘The chance of this story being true is almost nil. The chances of this being a staged coverup is over 80%. We believe these people were murdered to silence them. This is why.

We have solid information on two areas:

1. Osama bin Laden died in 2001 as an active CIA employee and his body was recovered in Afghanistan and taken to “the sand box.” We were told it was frozen. We have so much verification from this, CIA, ISI, US military and top officials. I have a direct confirmation from Bin Laden’s CIA handler who I grilled mercilessly on this.

2. The Abbottabad operation involved numerous American deaths, witnessed, bodies all over, a helicopter crash. (suppressed translated TV interview below) These bodies were recovered by land vehicle from Islamabad and there was NO “successful” bin Laden operation of any kind. There was and has been a CIA safe house in Abbotabad where terror suspects were stored for years.

This gave the US several areas of severe vulnerability. Generally, Navy Seals are the best people in the world at keeping their mouths shut, these are real team players, as the term “Seal Team” belies.

We at VT were informed that the bin Laden operation was staged at this time, a theatrical farce, to cover the exit of Secretary Gates, the move by former CIA Director Leon Panetta into the DOD as Secretary of Defense and to stem any heroic claims by new CIA Director Petraeus of killing the long dead Osama bin Laden, the long frozen CIA operative.

Petraeus is a possible presidential contender and had to be denied this “gift from heaven,” a fast track to the oval office for sure.

Again, I remind you, I went over specific meetings on bin Laden with his handlers, getting every last detail. I have watched what has gone on, the continuing need to vilify a long dead top CIA operative to provide residual cover for the Bush administration…

The reason? Bush and his cronies are all facing charges of war crimes, not just in minor jurisdictions but heading for the ICC, putting them on the dock with Gaddafi ( a far less harmful character).

... Read full article ‘ http://albertpeia.com/binladendeadandonicesince2001.htm

Sarkozy on defensive in bitter final election battle...
Unease grows...
'The Merkozy era is over'...

25 Horrible Statistics About The U.S. Economy That Barack Obama Does Not Want You To Know
http://albertpeia.com/25horriblestatsaboutuseconomyobamahides.htm
{ Actually, worse than self-delusion, it’s actually overtly fraudulent in their election year desperation what the obama administration et als are doing to cover up their unequivocal incompetence and failure! }

’The human capacity for self-delusion truly is remarkable.  Most people out there end up believing exactly what they want to believe even when the truth is staring them right in the face.  Take the U.S. economy for example.  Barack Obama wants to believe that his policies have worked and that the U.S. economy is improving.  So that is what he is telling the American people.  The mainstream media wants to believe that Barack Obama is a good president and that his policies make sense and so they are reporting that we are experiencing an economic recovery.  A very large segment of the U.S. population still fully supports Barack Obama and they want to believe that the economy is getting better so they are buying the propaganda that the mainstream media is feeding them.  But is the U.S. economy really improving?  The truth is that it is not.  The rate of employment among working age Americans is exactly where it was two years ago and household incomes have actually gone down while Obama has been president.  Home ownership levels and home prices continue to decline.  Meanwhile, food and gasoline continue to become even more expensive.  The percentage of Americans that are dependent on the government is at an all-time record high and the U.S. national debt has risen by more than 5 trillion dollars under Obama.  We simply have not seen the type of economic recovery that we have seen after every other economic recession since World War II. The horrible statistics about the U.S. economy that you are about to read are not talked about much by the mainstream media.  They would rather be "positive" and "upbeat" about the direction that things are headed. But lying to the American people is not going to help them.  If you are speeding in a car toward a 500 foot cliff, you don't need someone to cheer you on.  Instead, you need someone to slam on the brakes. The cold, hard reality of the matter is that the U.S. economy is in far worse shape than it was four or five years ago. We have never come close to recovering from the last recession and another one will be here soon. The following are 25 horrible statistics about the U.S. economy that Barack Obama does not want you to know.... 1-25

Dave’s Daily: http://www.etfdigest.com BULLS CHERRY PICK NEWS 4-27-12 [ As astutely pointed out by Dave, ‘Michigan Consumer Sentiment Report (76.4 vs 75.8 expected and prior 75.7) which is weighted more heavily by stock market prices than Consumer Confidence’, this thusly is the ultimate ‘bootstrap’ for these bubble stock prices. More importantly, corporate insiders are selling like mad. ]

Guest Post: The New Drug of Choice In The White House, Federal Reserve and Treasury: Delusionol ™ ZeroHedge.com { Indeed, and they’re distributing it far and wide in their election year desperation in light of the reality of their undeniable failure! }

Big GDP Miss: 2.2% Vs Expectations Of 2.5%, Composition Even Uglier , Chart Of The Day: Change In Q1 American Debt And GDP Presented without much commentary, because little is necessary: the only ratio that matters for the US economy, the change in US public debt ($359.1 billion) and US GDP ($142.4) in the first quarter, hit 2.52x and rising. It takes $2.52 in new debt to "buy" $1 of economic "growth" . { Most importantly, we’ve seen the insurmountable results of their fraudulent obfuscation: Guest Post: Social Security Has A Real Problem

Durden [ And, not just social security. Don’t forget; on top of all the demographic problems is the inevitable, unwavering, unequivocal fact that the nation’s pervasively corrupt and defacto bankrupt. America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’. http://albertpeia.com/anddebtslaveryforall.htm ]

The Social Security Administration made an alarming announcement recently that they will exhaust their funding capability by 2033 which was several years earlier than originally projected. As millions of baby boomers approach retirement more strain is put on the fabric of the Social Security system.  The exact timing of this crunch is less important than its inevitability.  The problem that Social Security has is "real" employment.  I say "real" employment simply to sidestep the ongoing arguments about the validity of government employment survey's from the Bureau of Labor Statistics. The Federal Government receives income from the Social Security "contribution" from employee's paychecks. Social security "contributions" have decreased sharply by almost $70 billion from its peak. This is due to two factors.  The first is that the number of "real" employees, while growing, is in lower income producing and temporary jobs. The second factor is that a larger share of personal incomes is made up of government benefits which does not affect social security contributions. The entire social support framework faces an inevitable conclusion and no amount of wishful thinking will change that.

Sargent: Obama struggling to tell economic story? (Washington Post) [ Why the struggle? Because there is no story to tell except that of abject failure! Don’t forget, the promises wobama made were invariably broken, his actions invariably belied his words; he didn’t do what he said he’d do which we now know from his failure he should have done. Essentially continuing the failed policies of dumbya bush with even more reckless spending on top of those misguided policies, since obama took office, the federal government’s debt has increased by $5,027,761,476,484.56. – That’s more than all the Presidents since President Eisenhower combined. This obfuscating failure and incompetence of wobama the b for b***s*** was stated another way just this past day; viz., obama has increased the deficit (now insurmountable) by more than all the presidents of the nation through clinton combined! Moreover, his pandering to the blacks (a sure thing regardless, because he’s black) has been blatant and outrageous and shows where his priorities for this welfare state now lie. America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’. http://albertpeia.com/anddebtslaveryforall.htm

The Bailout Of The US Postal Service Begins: Cost To Taxpayers - $110,000 Per Union Vote "Saved Or Gained"

Chimps Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting Your Money http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm , Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm .

(California had 9 out of the 10 worst metro areas for employment in the nation) http://www.washingtonpost.com/business/economy/10-metro-areas-with-highest-unemployment-rates/2011/09/07/gIQAUjKqLL_gallery.html#photo=2

Mitt Romney: Obama 'nice guy' we can't 'afford'Apr. 21, 2012 - On Friday, Republican Mitt Romney addressed a gathering of state GOP chairs and members in Phoenix. He criticized President Obama, saying “I think he's a nice person, I just don't think we can afford him any longer.”(Washington Post) [ I believe this to be the most charitable understatement in the history of american politics. The $5 Trillion Man: Debt Has Increased Under Obama by $5,027,761,476,484.56 CNSNews.com | Since Barack Obama took the oath of office as president of the United States, the federal government’s debt has increased by $5,027,761,476,484.56. – That’s more than all the Presidents since President Eisenhower combined. This obfuscating failure and incompetence of wobama the b for b***s*** was stated another way just this past day; viz., obama has increased the deficit (now insurmountable) by more than all the presidents of the nation through clinton combined! Furthermore, wobama’s not a ‘nice person’. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Wobama Desperation in Light of his Failure – Corruption, Lies, and Intimidation…Drudgereport: 4-27-12 PLUNGE: GROWTH FALLS TO 2.2%...
BIG DROP FROM 4Q'S 3.0%...
ANALYSTS PREDICTED 2.6%...
U.S. Firms Add Jobs, but Mostly Overseas...
Falling home prices drag new buyers under water...
Homeownership Hits Decade Low...
Spanish unemployment hits record 24.4%...
Republicans prepare contempt citation against Holder...
'Obama attempts to intimidate contributors to Romney's campaign'... http://albertpeia.com/obamaattemptsintimidationofcontributorstoromney.htm
OBAMA SPIKES FOOTBALL -- AGAIN!
GOP SEN: 'Shame on Barack Obama'...
FLASHBACK: Obama '08 Accused Clinton of Using Terror Leader To 'Score Political Points'...

CHICAGOLAND: Teacher tells students NRA wants 'porch monkeys' to die…[Sounds like a plan!]...
Campaign ad says Romney wouldn't have ordered raid to kill Osama bin Laden … [Coulda…Woulda…If wobama’s grandmother had wheels she’d have been a trolley car…There’s documentation from reliable military sources that the ‘staged event’ for political capital at a time wobama was generating record low polling numbers did not in reality result in Osama’s death – there are also varying views, from already dead, body on ice and reason for quick burial at sea, etc., see infra ]... http://albertpeia.com/binladendeadandonicesince2001.htm
“Bin Laden” Heroes Probably Murderered to Keep Them Quiet ... Gordon Duff Veterans Today

FLASHBACK: Eyewitness to OBL Raid Saw Helicopter Explode (TRANSCRIPT) [ As indicated on this albertpeia.com website, I didn’t buy the administration’s desperate and politically opportunist Osama event and still don’t buy it; and further, I believe this! ]Veterans Today | TRANSCRIPT of critical interview with Pakistani eyewitness to Bin Laden raid. Is this the key to SEAL Team 6′s demise?

“Bin Laden” Heroes Probably Murderered to Keep Them Quiet Gordon Duff Veterans Today August 7, 2011 | Some Possibly Killed in Abbottabad Helicopter Crash Months Before. [ As indicated on this albertpeia.com website, I didn’t buy the administration’s desperate and politically opportunist Osama event and still don’t buy it; and further, I believe this! ] Today 31 NATO troops, 20 of them Navy Seals from the Osama bin Laden operation died in what is reported as a helicopter crash in Afghanistan.

‘The chance of this story being true is almost nil. The chances of this being a staged coverup is over 80%. We believe these people were murdered to silence them. This is why.

We have solid information on two areas:

1. Osama bin Laden died in 2001 as an active CIA employee and his body was recovered in Afghanistan and taken to “the sand box.” We were told it was frozen. We have so much verification from this, CIA, ISI, US military and top officials. I have a direct confirmation from Bin Laden’s CIA handler who I grilled mercilessly on this.

2. The Abbottabad operation involved numerous American deaths, witnessed, bodies all over, a helicopter crash. (suppressed translated TV interview below) These bodies were recovered by land vehicle from Islamabad and there was NO “successful” bin Laden operation of any kind. There was and has been a CIA safe house in Abbotabad where terror suspects were stored for years.

This gave the US several areas of severe vulnerability. Generally, Navy Seals are the best people in the world at keeping their mouths shut, these are real team players, as the term “Seal Team” belies.

We at VT were informed that the bin Laden operation was staged at this time, a theatrical farce, to cover the exit of Secretary Gates, the move by former CIA Director Leon Panetta into the DOD as Secretary of Defense and to stem any heroic claims by new CIA Director Petraeus of killing the long dead Osama bin Laden, the long frozen CIA operative.

Petraeus is a possible presidential contender and had to be denied this “gift from heaven,” a fast track to the oval office for sure.

Again, I remind you, I went over specific meetings on bin Laden with his handlers, getting every last detail. I have watched what has gone on, the continuing need to vilify a long dead top CIA operative to provide residual cover for the Bush administration…

The reason? Bush and his cronies are all facing charges of war crimes, not just in minor jurisdictions but heading for the ICC, putting them on the dock with Gaddafi ( a far less harmful character).

... Read full article ‘ http://albertpeia.com/binladendeadandonicesince2001.htm

Bill Gross On Europe's Dysfunction And US Double-Dips

Durden

PIMCO's Bill Gross spent a longer-than-soundbite period discussing QE3, the chance of a US double-dip, and Europe's ongoing dysfunction with Trish Regan on Bloomberg Television this afternoon. Given more than his typically limited-to-ten-second thoughts some other media outlets appear to prefer, the old-new-normal-bond-king believes the Fed will resist another round of quantitative easing in the short-term but "if unemployment begins to rise for two-to-three months then QE3 is back on". Noting that investors should focus on nominal GDP growth tomorrow, he goes on to dismiss the idea that the US can decouple from a troubled Europe pointing the political dysfunction between the Germans and the rest as greater than the polarity between Democrats and Republicans here at home. Preferring to play a slightly levered long bet on low rates holding for a longer-period, he like MBS (as we have discussed in the past) but does not see the 10Y yield dropping precipitously from here though he does echo our thoughts entirely in his view of the 'flow' being more critical than the 'stock' when it comes to the Fed's balance sheet and hence the June end-of-Twist may be a volatile period for all asset classes.

S&P Cuts Spain to BBB+, Outlook Negative

Durden

Adding insult to Bayern Munich injury, we just got S&P which did the impossible and cut Spain to BBB+ from A (outlook negative) not on Friday after hours. Kneejerk reaction is a 30 pip drop in EURUSD.

4-26-12 84% of All Stock Trades Are By High-Frequency Computers … Only 16% Are Done By Human Traders Washington’s Blog | As of 2010, 50-70% of all stock trades were done by high frequency trading computer algorithms.[ Churning / earning without regard to learning! That money has to come from someplace; hence, the horrendous economy and jobs picture! ] , Forrester: Apple is Entering a Long Decline Written by Damon Poeter PC Magazine ‘ At least one analyst is bucking the trend of gushing over Apple. Forrester Research chief executive George Colony laid out his case in a blog post Wednesday for why he thinks the company will start looking like just another tech .. ‘ [ As much as I like Apple, my first computer, and am glad they survived in a big way, I’m constrained to agree. Moreover, and I can’t prove this, I believe there to be some ‘soft’ stimulation of the heavily weighted, more bang for the buck, Apple stock by way of subsidized purchases. Remember those $275,000 per car government purchases, and the $278,000 cost per stimulus job? What’s $500 per ipad or iphone, etc., to a nation hopelessly, insurmountably indebted to the tune of $211 trillion, especially in their election year desperation. This should in no way be construed as a slight to Cook; but rather, just the reality there’s a limit to what one’s willing to pay for fairly common utility. That said, I’d still buy an IPad since, as with the ipod and the simple technology involved, amazingly, ultimate competitors as, ie., microsoft with zune, etc., didn’t measure up at all! I think the IPhone’s totally underwhelming! Contrary to the tenor of the article, I believe charisma has nothing whatsoever to do with the inevitable decline ahead; and, not just Apple. Moreover, I believe Apple’s success is a testament to the pathetic state of american/global technology generally, and the somewhat ‘curious’ state of the consuming public. The only really ‘big thing’ has been the internet. And, given time, they’ll mess that up as they’re so desperately trying to do with all forms of censorship and constraints; just ask Timothy Berners-Lee Inventor of World Wide Web Savages Government’s Big Brother Plans http://albertpeia.com/bernersleeantibigbrotherwebintrusion.htm ] , The Family Farm Is Being Systematically Wiped Out Of Existence In America http://albertpeia.com/familyfarmwipedoutinamerica.htm

Consumer Comfort in U.S. Falls by the Most in More Than a Year , Greek Anti-Austerity Vote Poses Eurozone Danger

, Ireland’s Noonan Says Will Cut Growth Forecast by Almost Half { Yes, all bad news; but, as we all know, the computers (algorithms) don’t care. 84% of All Stock Trades Are By High-Frequency Computers … Only 16% Are Done By Human Traders Washington’s Blog | As of 2010, 50-70% of all stock trades were done by high frequency trading computer algorithms. .[ Churning / earning without regard to learning! That money has to come from someplace; hence, the horrendous economy and jobs picture! ] }

Forrester: Apple is Entering a Long Decline Written by Damon Poeter PC Magazine ‘ At least one analyst is bucking the trend of gushing over Apple. Forrester Research chief executive George Colony laid out his case in a blog post Wednesday for why he thinks the company will start looking like just another tech .. ‘ [ As much as I like Apple, my first computer, and am glad they survived in a big way, I’m constrained to agree. Moreover, and I can’t prove this, I believe there to be some ‘soft’ stimulation of the heavily weighted, more bang for the buck, Apple stock by way of subsidized purchases. Remember those $275,000 per car government purchases, and the $278,000 cost per stimulus job? What’s $500 per ipad or iphone, etc., to a nation hopelessly, insurmountably indebted to the tune of $211 trillion, especially in their election year desperation. This should in no way be construed as a slight to Cook; but rather, just the reality there’s a limit to what one’s willing to pay for fairly common utility. That said, I’d still buy an IPad since, as with the ipod and the simple technology involved, amazingly, ultimate competitors as, ie., microsoft with zune, etc., didn’t measure up at all! I think the IPhone’s totally underwhelming! Contrary to the tenor of the article, I believe charisma has nothing whatsoever to do with the inevitable decline ahead; and, not just Apple. ]

‘At least one analyst is bucking the trend of gushing over Apple. Forrester Research chief executive George Colony laid out his case in a blog post Wednesday for why he thinks the company will start looking like just another tech companies within the next four years unless it finds another "special, magical" leader like Steve Jobs.

Colony's position couldn't be more contrarian. Apple just reported record March quarter profits while selling tens of millions of its iPhones, iPads, and Mac computers. In the past few months, other analysts have been jockeying to tout Apple's share price, currently at just over $600 per share, for gains past the $800, $900, and even $1,000 threshold.

But if Apple's riding high now, that's not going to last, according to Colony.

"Apple will decline in the post Steve Jobs era," he writes, explaining that Apple under Jobs fit the bill as a "charismatic organization ... headed by people with the 'gift of grace'." Succession in such an organization is particularly difficult because while bureaucratic and traditional organizations have processes and rituals to elevate new leadership, "[i]n charismatic organizations, the magical leader must be succeeded by another charismatic—the emotional connection of employees and (in the case of Apple) customers demands it."

Colony quotes liberally from Max Weber's The Theory of Social and Economic Organization and Adam Lashinky's Inside Apple to build his case that Apple will "coast" over the next 24 to 48 months and "then decelerate."

What about the processes Jobs himself put in place at Apple to ensure that his vision and management style would endure at the company after he was gone? Apple University and other company initiatives fostered by Jobs won't do the trick, Colony claims, quoting Weber: "Charisma can only be awakened and tested, it cannot be learned or taught."

Colony argues that Jobs' successor, Tim Cook, has a "legal/bureaucratic approach" to leading Apple that "will prove to be a mismatch for an organization that feeds off the gift of grace." Instead of Cook, the company should turn to Jonathan Ive or Scott Forstall to be CEO, the analyst writes.

If Apple doesn't get another magical charismatic leader, Colony concludes, it risks turning into Sony after Akio Morita or Polaroid post-Edwin Land—a company that goes from great to merely good in a few short years./

The Family Farm Is Being Systematically Wiped Out Of Existence In America

http://albertpeia.com/familyfarmwipedoutinamerica.htm

Guest Post: Social Security Has A Real Problem

Durden [ And, not just social security. Don’t forget; on top of all the demographic problems is the inevitable, unwavering, unequivocal fact that the nation’s pervasively corrupt and defacto bankrupt. America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’. http://albertpeia.com/anddebtslaveryforall.htm ]

The Social Security Administration made an alarming announcement recently that they will exhaust their funding capability by 2033 which was several years earlier than originally projected. As millions of baby boomers approach retirement more strain is put on the fabric of the Social Security system.  The exact timing of this crunch is less important than its inevitability.  The problem that Social Security has is "real" employment.  I say "real" employment simply to sidestep the ongoing arguments about the validity of government employment survey's from the Bureau of Labor Statistics. The Federal Government receives income from the Social Security "contribution" from employee's paychecks. Social security "contributions" have decreased sharply by almost $70 billion from its peak. This is due to two factors.  The first is that the number of "real" employees, while growing, is in lower income producing and temporary jobs. The second factor is that a larger share of personal incomes is made up of government benefits which does not affect social security contributions. The entire social support framework faces an inevitable conclusion and no amount of wishful thinking will change that.

Sargent: Obama struggling to tell economic story? (Washington Post) [ Why the struggle? Because there is no story to tell except that of abject failure! Don’t forget, the promises wobama made were invariably broken, his actions invariably belied his words; he didn’t do what he said he’d do which we now know from his failure he should have done. Essentially continuing the failed policies of dumbya bush with even more reckless spending on top of those misguided policies, since obama took office, the federal government’s debt has increased by $5,027,761,476,484.56. – That’s more than all the Presidents since President Eisenhower combined. This obfuscating failure and incompetence of wobama the b for b***s*** was stated another way just this past day; viz., obama has increased the deficit (now insurmountable) by more than all the presidents of the nation through clinton combined! Moreover, his pandering to the blacks (a sure thing regardless, because he’s black) has been blatant and outrageous and shows where his priorities for this welfare state now lie. America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’. http://albertpeia.com/anddebtslaveryforall.htm

The Bailout Of The US Postal Service Begins: Cost To Taxpayers - $110,000 Per Union Vote "Saved Or Gained"

Chimps Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting Your Money http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm , Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm .

(California had 9 out of the 10 worst metro areas for employment in the nation) http://www.washingtonpost.com/business/economy/10-metro-areas-with-highest-unemployment-rates/2011/09/07/gIQAUjKqLL_gallery.html#photo=2

Mitt Romney: Obama 'nice guy' we can't 'afford'Apr. 21, 2012 - On Friday, Republican Mitt Romney addressed a gathering of state GOP chairs and members in Phoenix. He criticized President Obama, saying “I think he's a nice person, I just don't think we can afford him any longer.”(Washington Post) [ I believe this to be the most charitable understatement in the history of american politics. The $5 Trillion Man: Debt Has Increased Under Obama by $5,027,761,476,484.56 CNSNews.com | Since Barack Obama took the oath of office as president of the United States, the federal government’s debt has increased by $5,027,761,476,484.56. – That’s more than all the Presidents since President Eisenhower combined. This obfuscating failure and incompetence of wobama the b for b***s*** was stated another way just this past day; viz., obama has increased the deficit (now insurmountable) by more than all the presidents of the nation through clinton combined! Furthermore, wobama’s not a ‘nice person’. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Drudgereport: More Americans Than Projected File Jobless Claims...
Employers add just 120,000 jobs; lowest since October...

POLL: Young People May Not Bother to Vote for Obama... { Yeah, come on! Smart (if they don’t)! As a matter of self-respect, how could they possibly vote for wobama the b for b***s***. Sure, that disingenuous smile/spiel; the feigned understanding, ‘shared pain’; then…just the opposite or nothing at all! Wobama’s an incompetent fraud who’s made things worse for young people everywhere! }

REPORT: Michelle's Spanish Vacation Cost Taxpayers $467,585 [moochell … how typical … and as always, though contraindicated, in your face, tauntingly so! They’re just typical blacks who come november, will indeed be packing and gone by innauguration or sooner which is not soon enough. ] ...
Blue collar Dems jealous, angry over lavish vacations...
'Fantasy' is to walk out WH 'and just keep walking' [ That wish is granted! Start packing! ] ...
Says she won't run for president...

MOST UNPOPULAR GOV'T IN 15 YEARS

America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’. http://albertpeia.com/anddebtslaveryforall.htm

Student Loan Debt Slaves In Perpetuity - A True Story Of "Bankruptcy Hell"

Chimps Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting Your Money http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm , Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm .

(California had 9 out of the 10 worst metro areas for employment in the nation) http://www.washingtonpost.com/business/economy/10-metro-areas-with-highest-unemployment-rates/2011/09/07/gIQAUjKqLL_gallery.html#photo=2

The $5 Trillion Man: Debt Has Increased Under Obama by $5,027,761,476,484.56 CNSNews.com | Since Barack Obama took the oath of office as president of the United States, the federal government’s debt has increased by $5,027,761,476,484.56. – That’s more than all the Presidents since President Eisenhower combined. This obfuscating failure and incompetence of wobama the b for b***s*** was stated another way just this past day; viz., obama has increased the deficit (now insurmountable) by more than all the presidents of the nation through clinton combined! Furthermore, wobama’s not a ‘nice person’. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Just As Predicted, Initial Claims Miss Huge, Yet Magically Improve Durden [ It is indeed quite pathetic how, even with their fudged data, they try to manipulate the spin as pointed out by the astute at ZeroHedge.com immediately hereafter. ] Recall what we said less than an hour ago: "what will most likely happen is a print in the mid to upper 380,000s, while last week's number will be revised to a 390K+ print, allowing the media to once again declare that the number was an improvement week over week. In other words, SSDD." SSDD it is: last week's 386K number was revised to 389K, meaning the massive miss relative to expectations of 370K last week just got even worse. This is the 10th week in a row of misses to the weaker side and the 16th of the last 18. And while this week's miss was whopping as usual, with expectations of 375K being soundly missed after the print came at 388K on its way back to 400K, the media can sleep soundly because the absolute lack of BLS propaganda means that the sequential progression is one of, you got it, improvement. In other words here is what the headlines in the Mainstream Media will be: "Initial claims improve over prior week." In fact here it is from Bloomberg: "U.S. Initial Jobless Claims Fell 1,000 to 388,000 Last Week." ..No propaganda. No data fudging. No manipulation at all. Just endless laughter at the desperation. , What Costs How Much, Where? Presenting The "Apple Index" 4-25-12 , March Durable Good Implode, Worse Than Lowest Wall Street Forecast And Biggest Drop Since January 2009 , FOMC's Bag Of Tricks Is Empty... For Now - Full Statement Redline

4-25-12 5 New Lies That The Federal Reserve Is Telling The American People http://albertpeia.com/5newliesbythefed.htm http://albertpeia.com/fraudulentfedhasfailed.htm { Yes, it’s really rather incredible, even astounding, that people even listen to, much less believe the proven lies, wrong information, disinformation that bespeaks fraud/deception/cover-up and at best, total incompetence. Don’t they realize they’re being scammed in a very big way; particularly, with an election year predisposed pro-wobama obfuscation? Bernanke is a total fraud. He is totally incompetent! As I wrote, infra, as comment to Dave Fry’s Summary: the same helicopter ben who forecast no recession and whose QEs have helped no one but the frauds on wall street, with fake numbers on what is in reality much higher inflation, unemployment, etc., for obfuscation – you cannot solve a problem without admitting there is one, let alone failing to identify the problem; and with america’s insurmountable debt and debased Weimar fiat paper currency over-printing, that huge extant problem is substantially exacerbated. { Britain slides back into recession AFP Britain was back in recession Wednesday after its economy shrank in the first quarter while Prime Minister David Cameron said the country was being buffetted by the European downturn [ True, but only because unlike the u.s., their reporting is a bit more accurate/truthful, less manipulated, less fraudulent than america which has already entered (the continuing) recession (actually dollar debased and thereby, can you believe it, inflationary depression) UK Economy Double Dips For First Time Since 1970s Durden } ] { Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } [ Now we know the reason for bernanke’s pro-wobama politicking: Reuters: Mitt Romney says he would boot Ben Bernanke - The Trail The likely Republican nominee says, “I’d be looking for somebody new” to run the Federal Reserve if he’s elected president. Romney criticized Fed Chairman Bernanke for printing too much money in a bid to stimulate the economy. (April 25, 2012) Drudgereport: Romney would boot Ben... And, not only because bernanke as has obama failed miserably; good, sound management all but requires that he do so (as per the late Peter Drucker among the multitude of Management experts). Wobama, the lazy jive-talking b***s*** artist, despite campaign rhetoric to the contrary, literally continued all things dumbya bush. ]‘The Federal Reserve says that everything is going to be okay.  The Fed says that unemployment is going to go down, inflation is going to remain low and economic growth is going to steadily increase.  Do you believe them this time?  As you will see later in this article, Federal Reserve Chairman Ben Bernanke has been dead wrong about the economy over and over again.  But the mainstream media and many Americans still seem to have a lot of faith in the Federal Reserve.  It doesn't seem to matter that Bernanke and other Fed officials have been telling the American people lies for years.  As I always say, most people believe what they want to believe, and many people seem to want to have blind faith in the Federal Reserve even when logic and reason would dictate otherwise.  The truth is that things are not going to be getting much better than they are right now.  When the next wave of the financial crisis hits, the U.S. economy is going to fall back into recession, financial markets are going to crash and unemployment is going to absolutely skyrocket.  But you will never hear any of that from the Federal Reserve. The following are 5 new lies that the Federal Reserve is telling the American people.  After each lie I have posted what The Economic Collapse Blog thinks is actually going to happen....’ http://albertpeia.com/benbsshalombernankesellsfedpansgoldstandard.htm http://albertpeia.com/22redflagsofdoomforglobalfinancialmarkets.htm , Dave Fry: ‘Did you know during the 2008 bear market nearly 50% of earnings reports beat estimates.’

The United States Has Plenty Of Oil: 10 Facts About America's Energy Resources That Will Blow Your Mind http://endoftheamericandream.com http://albertpeia.com/10factsaboutamericanenergyresources.htm [ Well, first off, since we’re only talking decades at best, I agree the alarmist propaganda is all for naught. Yet, make no mistake, those who equate shale oil, deep water oil, etc., with that close to the surface, easily recovered, ie., sweet crude, are as misguided. It’s kind of like that ‘asteroid mining’ that’s ‘become the rage’. Firstly, in hollywood (oh yeah, we’ve seen them digitally land on asteroids, planets as in Avatar, etc., with ease and without a hitch), they don’t keep books the way other businesses do, at least on the creative end, viz., ie., Cameron. And, what do you expect a former pilot to say, etc.? As an example of ‘fuel price makes a difference’, anyone who thinks american airlines among others went bankrupt because they’re so horribly managed or because they felt like strategically avoiding their debt would be mistaken. For airlines it’s all about fuel costs and load factors, capital intensive that they are, and pennies literally do make a difference. Costs of extraction make a difference. Oh sure, there’s loads of oil. It’s all about the costs of getting it. Peak oil really has been reached in terms of ‘easy pickins’. Some even argue/document persuasively that current reserves of the ‘easy pickins’ are over-stated. ]

5 New Lies That The Federal Reserve Is Telling The American People
http://theeconomiccollapseblog.com
http://albertpeia.com/5newliesbythefed.htm

http://albertpeia.com/fraudulentfedhasfailed.htm

{ Yes, it’s really rather incredible, even astounding, that people even listen to, much less believe the proven lies, wrong information, disinformation that bespeaks fraud/deception/cover-up and at best, total incompetence. Don’t they realize they’re being scammed in a very big way; particularly, with an election year predisposed pro-wobama obfuscation? Bernanke is a total fraud. He is totally incompetent! As I wrote, infra, as comment to Dave Fry’s Summary: the same helicopter ben who forecast no recession and whose QEs have helped no one but the frauds on wall street, with fake numbers on what is in reality much higher inflation, unemployment, etc., for obfuscation – you cannot solve a problem without admitting there is one, let alone failing to identify the problem; and with america’s insurmountable debt and debased Weimar fiat paper currency over-printing, that huge extant problem is substantially exacerbated. { Britain slides back into recession AFP Britain was back in recession Wednesday after its economy shrank in the first quarter while Prime Minister David Cameron said the country was being buffetted by the European downturn [ True, but only because unlike the u.s., their reporting is a bit more accurate/truthful, less manipulated, less fraudulent than america which has already entered (the continuing) recession (actually dollar debased and thereby, can you believe it, inflationary depression) UK Economy Double Dips For First Time Since 1970s Durden } ] { Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } [ Now we know the reason for bernanke’s pro-wobama politicking: Reuters: Mitt Romney says he would boot Ben Bernanke - The Trail The likely Republican nominee says, “I’d be looking for somebody new” to run the Federal Reserve if he’s elected president. Romney criticized Fed Chairman Bernanke for printing too much money in a bid to stimulate the economy. (April 25, 2012) Drudgereport: Romney would boot Ben... And, not only because bernanke as has obama failed miserably; good, sound management all but requires that he do so (as per the late Peter Drucker among the multitude of Management experts). Wobama, the lazy jive-talking b***s*** artist, despite campaign rhetoric to the contrary, literally continued all things dumbya bush. ]

22 Red Flags That Indicate That Very Serious Doom Is Coming For Global Financial Markets http://albertpeia.com/22redflagsofdoomforglobalfinancialmarkets.htm

The United States Has Plenty Of Oil: 10 Facts About America's Energy Resources That Will Blow Your Mind http://endoftheamericandream.com http://albertpeia.com/10factsaboutamericanenergyresources.htm [ Well, first off, since we’re only talking decades at best, I agree the alarmist propaganda is all for naught. Yet, make no mistake, those who equate shale oil, deep water oil, etc., with that close to the surface, easily recovered, ie., sweet crude, are as misguided. It’s kind of like that ‘asteroid mining’ that’s ‘become the rage’. Firstly, in hollywood (oh yeah, we’ve seen them digitally land on asteroids, planets as in Avatar, etc., with ease and without a hitch), they don’t keep books the way other businesses do, at least on the creative end, viz., ie., Cameron. And, what do you expect a former pilot to say, etc.? As an example of ‘fuel price makes a difference’, anyone who thinks american airlines among others went bankrupt because they’re so horribly managed or because they felt like strategically avoiding their debt would be mistaken. For airlines it’s all about fuel costs and load factors, capital intensive that they are, and pennies literally do make a difference. Costs of extraction make a difference. Oh sure, there’s loads of oil. It’s all about the costs of getting it. Peak oil really has been reached in terms of ‘easy pickins’. Some even argue/document persuasively that current reserves of the ‘easy pickins’ are over-stated. ]

Reuters: Mitt Romney says he would boot Ben Bernanke - The Trail The likely Republican nominee says, “I’d be looking for somebody new” to run the Federal Reserve if he’s elected president. Romney criticized Fed Chairman Bernanke for printing too much money in a bid to stimulate the economy. (April 25, 2012) Drudgereport: Romney would boot Ben... And, not only because bernanke as has obama failed miserably; good, sound management all but requires that he do so (as per the late Peter Drucker among the multitude of Management experts). Wobama, the lazy jive-talking b***s*** artist, despite campaign rhetoric to the contrary, literally continued all things dumbya bush. ]‘The Federal Reserve says that everything is going to be okay.  The Fed says that unemployment is going to go down, inflation is going to remain low and economic growth is going to steadily increase.  Do you believe them this time?  As you will see later in this article, Federal Reserve Chairman Ben Bernanke has been dead wrong about the economy over and over again.  But the mainstream media and many Americans still seem to have a lot of faith in the Federal Reserve.  It doesn't seem to matter that Bernanke and other Fed officials have been telling the American people lies for years.  As I always say, most people believe what they want to believe, and many people seem to want to have blind faith in the Federal Reserve even when logic and reason would dictate otherwise.  The truth is that things are not going to be getting much better than they are right now.  When the next wave of the financial crisis hits, the U.S. economy is going to fall back into recession, financial markets are going to crash and unemployment is going to absolutely skyrocket.  But you will never hear any of that from the Federal Reserve. The following are 5 new lies that the Federal Reserve is telling the American people.  After each lie I have posted what The Economic Collapse Blog thinks is actually going to happen....’ http://albertpeia.com/benbsshalombernankesellsfedpansgoldstandard.htm http://albertpeia.com/22redflagsofdoomforglobalfinancialmarkets.htm , Dave Fry: ‘Did you know during the 2008 bear market nearly 50% of earnings reports beat estimates.’ .. Just As Predicted, Initial Claims Miss Huge, Yet Magically Improve Durden Recall what we said less than an hour ago: "what will most likely happen is a print in the mid to upper 380,000s, while last week's number will be revised to a 390K+ print, allowing the media to once again declare that the number was an improvement week over week. In other words, SSDD." SSDD it is: last week's 386K number was revised to 389K, meaning the massive miss relative to expectations of 370K last week just got even worse. This is the 10th week in a row of misses to the weaker side and the 16th of the last 18. And while this week's miss was whopping as usual, with expectations of 375K being soundly missed after the print came at 388K on its way back to 400K, the media can sleep soundly because the absolute lack of BLS propaganda means that the sequential progression is one of, you got it, improvement. In other words here is what the headlines in the Mainstream Media will be: "Initial claims improve over prior week." In fact here it is from Bloomberg: "U.S. Initial Jobless Claims Fell 1,000 to 388,000 Last Week." ..No propaganda. No data fudging. No manipulation at all. Just endless laughter at the desperation. , What Costs How Much, Where? Presenting The "Apple Index" 4-25-12 , March Durable Good Implode, Worse Than Lowest Wall Street Forecast And Biggest Drop Since January 2009 , FOMC's Bag Of Tricks Is Empty... For Now - Full Statement Redline , The $5 Trillion Man: Debt Has Increased Under Obama by $5,027,761,476,484.56 CNSNews.com | Since Barack Obama took the oath of office as president of the United States, the federal government’s debt has increased by $5,027,761,476,484.56. { Quite simply, wobama the b for b***s*** has run this country like the typical mentally troubled nigger that he is! }

USA #1? 40 Embarrassing Things That America Is The Best In The World At http://albertpeia.com/40badthingsusabest.htm , They Love Death http://albertpeia.com/theylovedeath.htm

The Truth Behind President Obama’s ‘Slow Jam’ Student Loan Propaganda Patrick Henningsen | Higher education is America’s new scam, with Obama’s student loan R&B speech furthering the lie, but what about Obama’s own student loans? [ The truth is that when it comes to wobama the b for b***s***, there’s no truth! ] Lew Rockwell: The Government is A Gang of Thieves at Large! The $5 Trillion Man: Debt Has Increased Under Obama by $5,027,761,476,484.56 CNSNews.com | Since Barack Obama took the oath of office as president of the United States, the federal government’s debt has increased by $5,027,761,476,484.56. { Quite simply, wobama the b for b***s*** has run this country like the typical mentally troubled nigger that he is! } USA #1? 40 Embarrassing Things That America Is The Best In The World At http://albertpeia.com/40badthingsusabest.htm , They Love Death http://albertpeia.com/theylovedeath.htm

22 Red Flags That Indicate That Very Serious Doom Is Coming For Global Financial Markets

http://theeconomiccollapseblog.com

http://albertpeia.com/22redflagsofdoomforglobalfinancialmarkets.htm [ Very serious doom indeed, even as the market’s rallying as I write this with ‘HFT Algo’s gone wild’ with their 1 trick pony, Apple beating more modest estimates with lower guidance prospectively. I hate to rain on any parade but across the board, much lower guidance is in order! ]

‘If you enjoy watching financial doom, then you are quite likely to really enjoy the rest of 2012.  Right now, red flags are popping up all over the place.  Corporate insiders are selling off stock like there is no tomorrow, major economies all over Europe continue to implode, the IMF is warning that the eurozone could actually break up and there are signs of trouble at major banks all over the planet.  Unfortunately, it looks like the period of relative stability that global financial markets have been enjoying is about to come to an end…’ 

http://albertpeia.com/shillingsaysstockswillplunge43percent.htm , http://albertpeia.com/ecricallsrecession.htm , ‘Massive Wealth Destruction’ Is About to Hit Investors: Faber http://albertpeia.com/massivewealthdestructionabouttohit.htm , RICHARD RUSSELL: A Massive Stock Market Collapse Will Wipe Out 60 Years Of Inflation And Leveraging Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm , The 15 Trillion Dollar Party http://albertpeia.com/bankruptamericadestroyingthefuture.htm , Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , No Housing Recovery Until 2020 In 5 Simple Charts http://albertpeia.com/nohousingrecoveryuntil2020in5charts.htm Durden , The Mother Of All Infographics: Visualizing America's Derivatives Universe http://albertpeia.com/usderivatives221trillionof707trillionglobal.htm , Fasten Your Seatbelts: High Frequency Trading Is Coming To The Treasury Market [ http://albertpeia.com/highfrequencytradingcomingtotreasuries.htm

The Bundesbank’s in Hot Water… Will It Take the Heat or Throw the ECB Under the Bus? April 24, 2012 By gpc1981
http://albertpeia.com/bundesbankinhotwater.htm [ You’d think the Weimar experience was sufficient deterrent to the crazed money-printing in ‘defacto bankrupt american style’ in the eurozone; but you’d be wrong in so thinking. ]

Merkel’s Back is Against the Wall… Time for Germany’s “Plan B”?

April 23, 2012 By gpc1981 http://gainspainscapital.com

[ http://albertpeia.com/germanyplanb.htm ]

US home prices drop for 6th straight month USAGold.com

Apr 24th, 2012 07:39 by News

{ Yes, it’s all that bad and worse. Don’t forget, pervasively corrupt and defacto bankrupt, they and wobama the b for b*** are obfuscating the reality of just how bad, by spending money they don’t have, because this is an election year. http://albertpeia.com/caseshillerhousingchart42412.jpg America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’ Chimps Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting Your Money http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm }

Guest Post: Charles Krauthammer Mourns Over NASA Cuts, I Celebrate

Durden

Leading neoconservative (read “closet Trotskyite“) commentator Charles Krauthammer’s latest Washington Post editorial pays homage to the glory days of NASA and the retirement of the space shuttle Discovery.  Titled “Farewell, the New Frontier,” the piece evokes mental images of Uncle Sam losing his international prestige as President Obama scales down NASA’s space exploration endeavors. Contrary to Krauthammer, NASA has never represented America’s collective vision of frontier exploration.  It has been just another bureaucratic black hole for Washington to throw dollars at in hopes of buying reelection. Because one of the main tenets of economics is considering the unseen, then it can be assumed that space exploration would very well be advanced far beyond what we see today if it was left completely out of the hands of the state.  If Krauthammer truly wished the human race capable of traveling into the new frontier of the stars, he would welcome NASA cuts rather than lament. How ironic then is today's news of Planetary Resources as investor and avowed anarchist Doug Casey thoughtfully observes on the inefficiency of NASA: "We should have colonies on the moon by now, and more: We should be mining the asteroids and developing real estate on Mars."

{ A bit much, to be sure (Casey) … my own position on this same topic regarding the same WP Editorial:

Krauthammer: Farewell, the New Frontier (Washington Post) [ I’m frankly a bit surprised, Mr. Krauthammer. I personally have long since stopped being disappointed; one builds up a tolerance to reality after a time. Pity? The only pity rationally should be the new frontier of rational, civilized behavior on terra ferma, aka earth. Not that it matters mind you, given the decades at best constraint. Then, rationality counting, there’s those other more earthy constraints called debits and credits, assets and liabilities, revenues and spending, etc.; and, as is particularly relevant here, the reality that the nation, as is the world generally as a hole, excuse me, whole, is defacto bankrupt! America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’).

If I could be disappointed, Mr. Krauthammer, it would be because you uncharacteristically sound like a pubescent schoolchild! The ‘space program(s)’ were boondoggles, plain and simple. Chimps Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting Your Money http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm

43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge
October 17, 2011By now everyone has had a chance to play with the US debt clock. But what about its global cousin? Courtesy of The Economist, we now have a convenient way to track the hundreds of millions in dollars added each and every hour by the global governments who see to spur global deleveraging by, you guessed it, adding more debt. Yes, in the process the world’s sovereigns are transferring default risk away from global corporations to sovereigns, but few in the #OWS crowd appear to have yet figured out this rather disturbing and very insidious usurpation of sovereignty by the global corporatocracy, so said risk and leverage transfer will continue until such time as any and all paper backed by these insolvent corporate shells (f/k/a countries) is completely worthless. Regardless, one should not forget that like in the sandalone case, the “debt clock” below only tracks on balance sheet debt. Should one add the NPV of all “welfare state” obligations (pensions, retirement, healthcare), the number will be well over quarter of a quadrillion dollars. Have fun funding that, never mind paying it off… http://www.economist.com/content/global_debt_clock

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

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

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

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

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

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

Why Is It Necessary For The Federal Government To Turn The United States Into A Prison Camp?

http://theeconomiccollapseblog.com

http://albertpeia.com/usprisoncamp.htm

{ I really must say that this is a tough one because the vast majority of americans are inherently criminal, with the highest crime rates in the world among the so-called ‘civilized’ nations (you can’t count the blacks of sub-saharan africa as civilized, and there’s no question but that the blacks have disproportionately skewed the american crime rates, particularly violent crimes, higher); including, from my direct observation and experience, that within all three branches of the u.s. government. Indeed, the (should be prison) inmates are running this asylum called america. The reality is that there are so many americans that are not in jail who should be in jail, it’s difficult to avoid these harsh third world measures in what has essentially become a third world nation overrun by the most sordid, despicable criminals one can imagine. They must really prosecute the biggest criminals including the oligarchs as, ie., the huge frauds on wall street, etc., and ‘bury’ the violent repeat offenders, etc., without exception. The problem with america is not the terrorist threat from without, but rather the plethora of inherently criminal americans within. Moreover, the corruption is pervasive and systemic. Unfortunately, crime pays in america and pays well; and, God help you if you try to live within the law and get in their way or potentially cost them money or some of their illegal business because no one else will. There’s criminal control at all levels of american society. That’s the problem; with the relatively few non-criminally inclined, criminal by complicity inasmuch as americans are for the most part gutless cowards who go along to get along along with a million other excuses, not the least of which is ‘the price was right’. That’s reality! That said, it’s the ‘for or agin’ me primitive mentality that pervades the u.s. government, ‘thought police’, arbitrary powers of detainment, abrogation of first admendment rights, internet intrusion/censorship, arbitrary enforcement of the law, etc., that is and I find particularly appalling, counter-productive, and regressive. There is an element of projection, given some of the evil things the government has done abroad; blowback being not entirely out of the realm of possibility which ultimately is the sad consequence of the worst of human nature which is invariably inclined to go too far in the worst way. The sad fact is that as with any banana republic, the governmental powers that be go to whatever nefarious lengths necessary (control by whatever means, at some level) to unreasonably maintain their access to undeserved power, money, resources, luxuries, etc., invariably to the detriment of the vast majority as is so here in america today. There are very few positive things that can be said of america today. I, for one, cannot think of any at all! [ ‘america, love it or leave it’? Love it? Truth be told, I don’t even like america! See, ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm ] }

The UN Plan For Running The World: Global Carbon Taxes, Global Safety Nets And A One World Green Economy
{ Come on! They can’t even run their own respective sinkholes competently! }

http://endoftheamericandream.com

http://albertpeia.com/unsoundslikeaplanfordisasterontheway.htm

‘Did you know that the UN has a plan for running the world and it is right out in the open?  It is called "sustainable development", but it is far more comprehensive than it sounds.  The truth is that the UN plan for running the world would dramatically alter nearly all forms of human activity…’

How Liberty Was Lost

Paul Craig Roberts | When did things begin going wrong in America?

http://albertpeia.com/howlibertywaslost.htm

‘When did things begin going wrong in America?

“From the beginning,” answer some. English colonists, themselves under the thumb of a king, exterminated American Indians and stole their lands, as did late 18th and 19th century Americans. Over the course of three centuries the native inhabitants of America were dispossessed, just as Israelis have been driving Palestinians off their lands since 1948.

Demonization always plays a role. The Indians were savages and the Palestinians are terrorists. Any country that can control the explanation can get away with evil.

I agree that there is a lot of evil in every country and civilization. In the struggle between good and evil, religion has at times been on the side of evil. However, the notion of moral progress cannot so easily be thrown out…’

Sargent: Obama struggling to tell economic story? (Washington Post) [ Why the struggle? Because there is no story to tell except that of abject failure! Don’t forget, the promises wobama made were invariably broken, his actions invariably belied his words; he didn’t do what he said he’d do which we now know from his failure he should have done. Essentially continuing the failed policies of dumbya bush with even more reckless spending on top of those misguided policies, since obama took office, the federal government’s debt has increased by $5,027,761,476,484.56. – That’s more than all the Presidents since President Eisenhower combined. This obfuscating failure and incompetence of wobama the b for b***s*** was stated another way just this past day; viz., obama has increased the deficit (now insurmountable) by more than all the presidents of the nation through clinton combined! Moreover, his pandering to the blacks (a sure thing regardless, because he’s black) has been blatant and outrageous and shows where his priorities for this welfare state now lie. America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’. http://albertpeia.com/anddebtslaveryforall.htm Chimps Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting Your Money http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm , Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm .

(California had 9 out of the 10 worst metro areas for employment in the nation) http://www.washingtonpost.com/business/economy/10-metro-areas-with-highest-unemployment-rates/2011/09/07/gIQAUjKqLL_gallery.html#photo=2

Obama, Romney focus on student debt Both candidates are battling for the college vote during campaign stops by stumping for low interest rates. (Washington Post) [ A trillion dollar ‘unpayable’ (student loan) debt bubble’s enough to get anyone’s attention!

http://albertpeia.com/studentloandebtbubble.htm http://albertpeia.com/anddebtslaveryforall.htm

America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’. The Simple Problems Of Too Much US Debt Durden http://albertpeia.com/toomuchusdebt.htm
10 Reasons Why The Reign Of The Dollar As The World Reserve Currency Is About To Come To An End http://theeconomiccollapseblog.com http://albertpeia.com/10reasonsdollarreservecurrencyending.htm

The Shocking Truth About Unemployment In America In One Chart http://albertpeia.com/shockingtruthofunemploymentinamerica.htm

Fed likely to stay the course, even as economic recovery appears mixed Fed not expected to announce any new actions to boost economy after policy meeting on Wednesday. Wonkblog: Is the Fed fueling a bond bubble? (Washington Post) [ Stay what course? Failure? More unaffordable, inflationary QE for the sake of the frauds on wall street? … Bond bubble? Not just bonds; but that and any other worthless paper that can be monetized, securitized, hypothecated, re-hypothecated, an d so on, ad nauseum, over and over, again and again.

Fed working to address failures(Washington Post) [ Failures? Not for the frauds on wall street who just love the fed failing accidently on purpose with purposeful failed policies that favor the frauds on wall street only. Fed economists disagree over construction jobs’ lesson for economy (Washington Post) [ Wow! Well, at $275,000 (stimulus) a pop (job), and then the contraindicated, inflationary, dollar debasing QE’s for the sake of their ‘buds’ on fraudulent wall street, I’d say not ‘lesson for economy’, but rather, lessons on the economy (economics) for them are warranted. ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales… http://albertpeia.com/ecricallsrecession.htm , STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , 4-2-12 ‘Massive Wealth Destruction’ Is About to Hit Investors: Faber http://albertpeia.com/massivewealthdestructionabouttohit.htm , RICHARD RUSSELL: A Massive Stock Market Collapse Will Wipe Out 60 Years Of Inflation And Leveraging Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm , The 15 Trillion Dollar Party http://albertpeia.com/bankruptamericadestroyingthefuture.htm { WALL STREET IS SO FRAUDULENTLY BEYOND THE PALE; FOR THERE IS NO QUESTION BUT THAT THEY BELONG IN JAIL! } , Both The Market and Government Are Irrational Paul Craig Roberts | One of the great economic myths is that markets are rational. Not a day passes without this myth being disproved scores of times, but the myth persists. [ 3-30,29,28,-12 Familiar theme of suckers’ rally off lows to keep suckers sucked in and window dress another fraudulent quarter at national expense for wall street welfare. 3-26-12 As was so last pre-crash, particularly this election year of desperation, bernanke resorts to his ‘jaw-boning’ (another dog who made news called this ‘baffling them with b***s***’); yet, it’s fraudulent wall street that conditions ‘all’ to believe the easy money / over-printed created Weimar dollars, a clear negative (you’re paying for the wall street welfare; ie, gas, food, etc., prices { Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } rallies those pieces of paper/computer entries via HFT algos programmed to go wild with such talk, making this a great opportunity to sell, take profits while you can, much worse to come! http://albertpeia.com/10reasonsdollarreservecurrencyending.htm [ ‘No-recession-helicopter-ben-b.s.-shalom-bernanke’ is a complete and utter failure who should be fired. He has failed all fed mandates (infra), while ‘electioneering/yearing’ a frothing of the markets with QE’s overt and sub rosa with runaway printing/creation of evermore worthless Weimar dollars for the irrationally exuberant wealth effect of frothing the markets for appearances and particularly for the frauds on wall street to ultimately as in last crash, the detriment of the vast majority. ( http://albertpeia.com/30bunglebenbernankequotes.htm http://albertpeia.com/benbsshalombernankesellsfedpansgoldstandard.htm ) Remember: All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.--Arthur Schopenhauer

Guest Post: Why Bernanke Has Failed, And Will Continue To Fail Tyler Durden

China’s ‘princelings’ turn privilege into influence-peddling profit The role of a potent network of “red nobility” has become a touchy issue ahead of Communist Party’s fall congress expected to elevate Xi Jinping to power. ‘Greed trumps all ideologies’ (Washington Post) [ I’m a bit surprised that this article appeared on the front page giving the impression that american-styled corruption / pay-to-play is rampant in China. Quite the opposite is true where some guilty of even minor acts of corruption (ie., bribery, etc.) are literally executed ‘in short order’. While I’m realistically no fan of communism where ‘everyone’s equal but some more equal than others’, the fact is that whatever you want to call it, america’s system has become so pervasively corrupt, so bankrupt that it should in no way be somehow ‘relatively okay’ by specious implication as herein owing to some ‘purportedly universal trait’ as greed. The only ideologies notably visible in practice and reality in america are thievery, fraud, bribery, war crimes, murder, illegal drug distribution, etc.; and of course, that’s not ideology at all, but rather, typical americana as one would expect from any banana republic. At best, this was a fluff piece that more properly should have been placed in the ‘advertisements/classified’ section. USA #1? 40 Embarrassing Things That America Is The Best In The World At http://albertpeia.com/40badthingsusabest.htm , They Love Death http://albertpeia.com/theylovedeath.htm

New espionage unit to focus on high-profile targets (Washington Post) [ Oh come on! Another bureaucratic black hole? They should focus on themselves. In the final analysis, history will write america as its own worst enemy that brought itself down from within for the sake of the military industrial complex as warned against by the great but underrated President General Eisenhower and the greedy few it serves (including the frauds on wall street, etc.). Cruisin’ for a bruisin’ consistent with a course set for losin’, america’s disavowed Dale Carnegie with a national theme akin to ‘How to Make Enemies and Not Influence People’! That’s domestic and global, attested to by poll numbers disapproving the u.s. government that are tantamount disavowal, so bad they are. Chimps Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting Your Money http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm , Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , No Housing Recovery Until 2020 In 5 Simple Charts
http://albertpeia.com/nohousingrecoveryuntil2020in5charts.htm Durden , The Mother Of All Infographics: Visualizing America's Derivatives Universe http://albertpeia.com/usderivatives221trillionof707trillionglobal.htm , Fasten Your Seatbelts: High Frequency Trading Is Coming To The Treasury Market [ http://albertpeia.com/highfrequencytradingcomingtotreasuries.htm

Europe crisis back into danger zone Just as in the U.S., the question of austerity vs. growth has emerged as a major election-year debate. (Washington Post) [ Dangerzone indeed! Spain is Greece… Only Bigger and WorseApril 20, 2012 By gpc1981 http://gainspainscapital.com Spain on the Precipice http://albertpeia.com/spainontheprecipice.htm ‘On the Surface, Spain’s debt woes have many things in common with those of Greece:1)Bad age demographics 2)A toxic bank system However, you’ll note that as we tackle each of these, Spain is in fact in far worse fiscal shape than Greece.Currently there is one person of non-working age (65 or older) for every four people of working age (15-64) in Spain.  This is expected to worsen to one person of non-working age for every three people of working age by 2025 and an astounding more than one person of non-working age for every two people of working age by 2040.These demographics alone set Spain up for a sovereign debt Crisis. According toJagadeesh Gohkale of the Cato Institute Spain would need to have 250% of its GDP sitting in a bank account collecting interest forever in order to meet its unfunded liabilities without raising taxes or cutting government outlays.That, in of itself, is bad news for Spain. But Spain’s banking system are what really set it apart. Let’s consider the following facts about Spain’s banking system: *Total Spanish banking loans are equal to 170% of Spanish GDP. *Troubled loans at Spanish Banks just hit an 18-year high of over 8%. *Spanish Banks are drawing a record €316.3 billion from the ECB (up from €169.2 billion in February). However, even these don’t paint the real picture. Thanks to a property bubble that dwarfed the US in relative terms, Spain’s economy and corporate arena are now literally saturated with debt. Consider the following: *Spanish non-financial corporations’ gross debts outstanding are equal to 196% of Spain’s GDP (this is worse than that of Greece, Portugal, even Japan) *Spanish non-financial corporations sport debt to equity ratios of 152% (only Greece and Japan are worse here) *Spanish household debt is equal to 90% of the country’s GDP: much higher than the EU average of 70% and roughly inline with that of the US which has been running a credit bubble for 30+ years. In simple terms, Spain is like Greece, only bigger and worse…’ , Dave’s Daily: http://www.etfdigest.com OPTIONS EXPIRATION DISTORTIONS 4-20-13 ‘Beating much lower expectations can lead to a short squeeze and this was evident the past few days with some financials and Friday with Microsoft (MSFT) which beat earnings estimates by 3 cents. Remember, MSFT is one of the largest hedge fund holdings so pumping it higher seems easily job one. MSFT was up nearly 5% after the report which may strike some as an outsized gain. But the spin was the company reported good gains from the corporate sector meaning CFOs are loosening their purse strings. How long can you run XP anyway? The boys in the options pits must be chasing down options in MSFT and those silly bets made on Apple (AAPL) calls.The other big news on the day was that the IMF (mostly controlled by U.S. taxpayers) will pony-up another $400 billion in freshly minted dollars to rescue the euro zone once again. Even the Bank of Japan admitted this gesture (thank you America!) will only buy some time if austerity and reforms aren’t implemented. And, right on cue, we have French elections on deck this weekend with polls indicating Sarkozy is toast. This makes his deals with Merkel & Co toast as well. So with the socialists back in control of Europe’s second largest economy don’t expect much in the way of austerity and reform. That’s not on any socialist’s agenda. Also the IMF has secured some “pledges” from BRIC countries for some contributions. Brazil wants a larger role without necessarily a larger commitment. Perhaps Argentina’s Fernandez de Kirchner will pledge the minority balance of Spain’s YPF she hasn’t seized yet. Anyway, the bottom line for bulls is that the eurozone is fixed again if only for the trading day and week.The dollar (UUP) fell sharply (more IMF dollars make them cheaper?) gold (GLD) did little but other commodities (DBC, USO & JJC) with the weakening dollar were higher. All this brings us to options expiration which is day most investors should just take off. Most of what takes place reminds me of packs of wolves chasing down strike prices to exercise them to the disadvantage of the poor victims. Funny how this isn’t the feature of those trashing leveraged ETFs wishing to rename them. What could we rename the options game I wonder? I was an options principal and I always thought of them as death traps…’ , NSA Whistleblower Speaks Live: "The Government Is Lying To You" Durden http://albertpeia.com/nsawhistleblowerspeaks.htm Just a month ago we raised more than a proverbial eyebrow when we noted the creation of the NSA's Utah Data Center (codename Stellar Wind) and William Binney's formidable statement that "we are this far from a turnkey totalitarian state". Democracy Now has the former National Security Agency technical director whistleblower's first TV interview in which he discusses the NSA's massive power to spy on Americans and why the FBI raided his home. Since retiring from the NSA in 2001, he has warned that the NSA’s data-mining program has become so vast that it could "create an Orwellian state." Today marks the first time Binney has spoken on national TV about NSA surveillance. Starting with his pre-9-11 identification of the world-wide-web as a voluminous problem since the NSA was 'falling behind the rate-of-change', his success in creating a system (codenamed Thin-Thread) for 'grabbing' all the data and the critical 'lawful' anonymization of that data (according to mandate at the time) which as soon as 9-11 occurred went out of the window as all domestic and foreign communications was now stored (starting with AT&T's forking over their data). This direct violation of the constitutional rights of everybody in the country was why Binney decided he could not stay (leaving one month after 9-11) along with the violation of almost every privacy and intelligence act as near-bottomless databases store all forms of communication collected by the agency, including private emails, cell phone calls, Google searches and other personal data…’ , NASDAPPL Crumbles Amid Sideways Volatile Week , Guest Post: Presenting The US Government’s Infographic Of Its Own Insolvency http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/04/20120420_info1.png , Does The I In IMF Stand For Idiot? , Guest Post: The Market's Getting A Wedgie , FoodStamp Nation First and foremost, there are 46.5 million Americans in the program as of the most recent information available (January 2012), comprising 22.2 million households.  That’s 15% of the entire population, and just over 20% of all households.  Moreover, despite the end of the official “Great Recession” in June 2009, over 10 million more Americans have been accepted into the program since that month, and the year-over-year growth rate for the program is still +5%. , Guest Post: Why The Left Misunderstands Income Inequality , Europe Is Now Red For The Year A sea of red is flowing from European equity markets and it seems they are unable to stem the flow as IBEX (the Italian Spanish equity index) nears March 2009 lows (down 18% YTD)…’

OPINION | Why America won't go the way of Europe (Washington Post) [ Why? Because america’s already there, but printing that ever more worthless fiat paper currency which Europe has emulated to their eternal misfortune, their prior experience with Weimar notwithstanding. America’s per capita debt exceeds that of the worst PIIGS in the poke, including greece and spain and america’s total debt is ultimately unserviceably insurmountable. The scenario here will be ultimately worse and wishing otherwise will not make it not so! Guest Post: Presenting The US Government’s Infographic Of Its Own Insolvency http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/04/20120420_info1.png , America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’. , Does The I In IMF Stand For Idiot? , Guest Post: The Market's Getting A Wedgie , FoodStamp Nation First and foremost, there are 46.5 million Americans in the program as of the most recent information available (January 2012), comprising 22.2 million households.  That’s 15% of the entire population, and just over 20% of all households.  Moreover, despite the end of the official “Great Recession” in June 2009, over 10 million more Americans have been accepted into the program since that month, and the year-over-year growth rate for the program is still +5%.

Chimps Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting Your Money http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm , Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , No Housing Recovery Until 2020 In 5 Simple Charts
http://albertpeia.com/nohousingrecoveryuntil2020in5charts.htm Durden , The Mother Of All Infographics: Visualizing America's Derivatives Universe http://albertpeia.com/usderivatives221trillionof707trillionglobal.htm , Fasten Your Seatbelts: High Frequency Trading Is Coming To The Treasury Market [ http://albertpeia.com/highfrequencytradingcomingtotreasuries.htm

White House pushes Congress to block leap in interest rates on student loan Without legislative action, the rates would double from 3.4% to 6.8% in July, hitting 7 million borrowers. (Washington Post) [ Quelle est la difference? It’s doubtful any of the loans, at the least, the overwhelmingly vast majority of either principal or interest will be paid at all! Guest Post: Presenting The US Government’s Infographic Of Its Own Insolvency http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/04/20120420_info1.png , Does The I In IMF Stand For Idiot? , Guest Post: The Market's Getting A Wedgie , FoodStamp Nation First and foremost, there are 46.5 million Americans in the program as of the most recent information available (January 2012), comprising 22.2 million households.  That’s 15% of the entire population, and just over 20% of all households.  Moreover, despite the end of the official “Great Recession” in June 2009, over 10 million more Americans have been accepted into the program since that month, and the year-over-year growth rate for the program is still +5%.

One Nation Under Debt With Endless Debt Slavery For All

http://endoftheamericandream.com

http://albertpeia.com/anddebtslaveryforall.htm

Mitt Romney: Obama 'nice guy' we can't 'afford'Apr. 21, 2012 - On Friday, Republican Mitt Romney addressed a gathering of state GOP chairs and members in Phoenix. He criticized President Obama, saying “I think he's a nice person, I just don't think we can afford him any longer.”(Washington Post) [ I believe this to be the most charitable understatement in the history of american politics. The $5 Trillion Man: Debt Has Increased Under Obama by $5,027,761,476,484.56 CNSNews.com | Since Barack Obama took the oath of office as president of the United States, the federal government’s debt has increased by $5,027,761,476,484.56. – That’s more than all the Presidents since President Eisenhower combined. This obfuscating failure and incompetence of wobama the b for b***s*** was stated another way just this past day; viz., obama has increased the deficit (now insurmountable) by more than all the presidents of the nation through clinton combined! Furthermore, wobama’s not a ‘nice person’. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ; or those black spokesmen that blacks have rallied around ; how ‘bout your view on this incident http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , or these black on white crimes (which is the overwhelming statistical incidence) http://www.albertpeia.com/whitesvictimizedbyblacks.htm , http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white people'... , http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus: Behind the myth that only white men commit such crimes.
Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved In Fights At Mall Of America After Rumors That Rappers Are There...

Miami Heat Players Don Hoodies... http://albertpeia.com/trayvonnewtawana.htm
'Dead or Alive' Poster Issued by New Black Panther Party... The blacks just can’t get the facts straight or anything right for that matter, but they do make noise as in jivetalk/b***s***!

The threat of the extreme right Rants from Ted Nugent and Rep. Allen West exemplify a poison we can’t ignore. (Washington Post) [ The real poison we can’t ignore giving rise to what some might find offensive blowback is found no further than the whitehouse and friends of ‘0’. Comment on farrakhan, Mr. Robinson ( Drudgereport: Farrakhan Warns Whites: 'Unless You Change, Your End Has Come'…) ; or tyson (Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot yet' - Don’t forget, Mr. Robinson, little hoody trayvon was a thief and worse … I believe Zimmermann.) ; or obama who reminded us that if he had a son, he’d look black like obama; or the holder/ holder justice department as pointed out by this very newspaper UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... WP ‘ignore cases that involve black defendants and white victims ', Panthers Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) ; or wobama the b for b***s*** whose broken campaign promises and obfuscating spending are legend , Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown. , etcetera, etc..

America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’.

Zimmerman defense exposes weaknesses in case (Washington Post) [ Weak, misguided case indeed. That I find myself on the same side as Alan Dershowitz is testament to just how weak the prosecution’s case really is. Of course, rational discourse, and facts for that matter, or neighborhoods under siege have had no place in this 21st century version of sharpton/tawana get bwana (as in the ‘Tarzan’ sense as used) noise trumps all episode. Rather tragic and pathetic, which bespeaks the real condition of this nation and dark days ahead. Drudgereport: DERSHOWITZ BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT STUPID'... [ Indeed! And, make no mistake, I never would have thought I’d be agreeing with Alan Dershowitz on anything: http://albertpeia.com/trayvonnewtawana.htm ]

BANG, BANG ‘…His surprising testimony came the same day that ABC News exclusively obtained a photograph showing the bloodied back of Zimmerman's head, which was apparently taken three minutes after he shot and killed Martin. The photo could give credence to Zimmerman's claim that Martin had bashed his head against the concrete as Zimmerman fought for his life…’

The threat of the extreme right Rants from Ted Nugent and Rep. Allen West exemplify a poison we can’t ignore. (Washington Post) [ The real poison we can’t ignore giving rise to what some might find offensive blowback is found no further than the whitehouse and friends of ‘0’. Comment on farrakhan, Mr. Robinson ( Drudgereport: Farrakhan Warns Whites: 'Unless You Change, Your End Has Come'…) ; or tyson (Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot yet' - Don’t forget, Mr. Robinson, little hoody trayvon was a thief and worse … I believe Zimmermann.) ; or obama who reminded us that if he had a son, he’d look black like obama; or the holder/ holder justice department as pointed out by this very newspaper UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... WP ‘ignore cases that involve black defendants and white victims ', Panthers Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) ; or wobama the b for b***s*** whose broken campaign promises and obfuscating spending are legend , Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown. The $5 Trillion Man: Debt Has Increased Under Obama by $5,027,761,476,484.56 CNSNews.com | Since Barack Obama took the oath of office as president of the United States, the federal government’s debt has increased by $5,027,761,476,484.56. – That’s more than all the Presidents since President Eisenhower combined. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ; or those black spokesmen that blacks have rallied around ; how ‘bout your view on this incident http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , or these black on white crimes (which is the overwhelming statistical incidence) http://www.albertpeia.com/whitesvictimizedbyblacks.htm , http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white people'... , http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus: Behind the myth that only white men commit such crimes.
Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved In Fights At Mall Of America After Rumors That Rappers Are There...

Miami Heat Players Don Hoodies...
'Dead or Alive' Poster Issued by New Black Panther Party... , etcetera, etc..

I personally don’t believe you have the journalistic courage to risk alienating yours as wobama’s near 100% constituency with the truth!

Multiple suspensions from school: marijuana, grafitti, 'possession of burglary tool,' jewelry...
Suspended THREE times for drugs, truancy and graffiti and 'caught carrying a burglary tool': New picture emerges of Trayvon Martin (and did he attack a bus driver too?)

• The teen was suspended from school three times
• He was on suspension when he was shot in February, after officials caught him with a 'marijuana pipe' and a baggie with drug residue
• Trayvon was kicked out of school in October for graffiti after he was allegedly caught with a 'burglary tool' and a bag full of women's jewelry

• Officials also suspended him once for skipping school and tardiness

· Trayvon Martin was suspended from school three times in the months before he was shot dead by a neighborhood watchman, it emerged today.

· The facts, revealed in a leaked report, paint a different picture of a teenager who frequently found himself in trouble with authorities.

· It was also revealed that he might have attacked a bus driver, according to a Twitter account that it is claimed belonged to the teen.

The Miami Herald claims that in October, he was caught with a 'burglary tool' - a flathead screwdriver - and 12 pieces of women's jewellery.

Krauthammer: Farewell, the New Frontier (Washington Post) [ I’m frankly a bit surprised, Mr. Krauthammer. I personally have long since stopped being disappointed; one builds up a tolerance to reality after a time. Pity? The only pity rationally should be the new frontier of rational, civilized behavior on terra ferma, aka earth. Not that it matters mind you, given the decades at best constraint. Then, rationality counting, there’s those other more earthy constraints called debits and credits, assets and liabilities, revenues and spending, etc.; and, as is particularly relevant here, the reality that the nation, as is the world generally as a hole, excuse me, whole, is defacto bankrupt! America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’).

If I could be disappointed, Mr. Krauthammer, it would be because you uncharacteristically sound like a pubescent schoolchild! The ‘space program(s)’ were boondoggles, plain and simple. Chimps Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting Your Money http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm

43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge
October 17, 2011By now everyone has had a chance to play with the US debt clock. But what about its global cousin? Courtesy of The Economist, we now have a convenient way to track the hundreds of millions in dollars added each and every hour by the global governments who see to spur global deleveraging by, you guessed it, adding more debt. Yes, in the process the world’s sovereigns are transferring default risk away from global corporations to sovereigns, but few in the #OWS crowd appear to have yet figured out this rather disturbing and very insidious usurpation of sovereignty by the global corporatocracy, so said risk and leverage transfer will continue until such time as any and all paper backed by these insolvent corporate shells (f/k/a countries) is completely worthless. Regardless, one should not forget that like in the sandalone case, the “debt clock” below only tracks on balance sheet debt. Should one add the NPV of all “welfare state” obligations (pensions, retirement, healthcare), the number will be well over quarter of a quadrillion dollars. Have fun funding that, never mind paying it off… http://www.economist.com/content/global_debt_clock

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

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

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

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

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

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

Tom Davis: Centrist Republicans, alive and well (Washington Post) [ Indeed they are; if only as a matter of reality, pragmatism, and necessity in seeing a nation survive as we once knew it. After all, there is absolutely no one who could honestly say that wobama the b for b***s***, who didn’t do what he said he’d do which we now know he should have done as promised, is an abject, utter failure as president.

Robinson: Which Mitt will we get? (Washington Post) [ I think the more important and less speculative question is which con-man obama do we have? Indeed, there is no speculating about the fact that wobama the b for b***s*** is without exception, a completely different obama from that personified by the campaign promises and rhetoric last time around. In fact, except for profligate spending on top of the already unbalanced fiscal approach of dumbya bush to obfuscate his abject failure as president, wobama’s continued dumbya’s failed policies to a ‘t’. Oh sure, you’ll get some of the ‘same old song’ from wobama with the election drawing nye; nothing of which is even remotely within the possibility of passage, but, as last time around, it sounds good on the campaign trail. If anything, praise Mitt for giving Wobama a heads-up by informing him to ‘start packing’. I thought that was the nice Mitt; and, truth be told, that’s not typical wobama b***s***! Keep in mind, while being fiscally prudent as Governor; though politically contraindicated he was compassionate as he deemed necessary for the benefit of the vast majority in his state which set up this grueling primary campaign in which he has clearly prevailed. Just the opposite is true of wobama who despite rhetoric and (broken) campaign promises, favored ie., the banksters, military industrial complex, etc..

David Icke, Barack Obama: The Naked Emperor Shocking but true revelations from David Icke| infra ‘...Obama is just more of the same, a big smile with strings attached, and controlled completely by those that chose him, trained him, sold him and provided his record funding, kept his many skeletons under wraps, like the gay sex and crack cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp, who is alleged to claim that someone claiming to represent me called asking for $100,000, to keep me from coming forward about our (Obama and I) November 1999 encounter of sex and cocaine use?), ... Obama is just another Banksters' moll prostituting himself .., and that's why he supported the grotesque bail-out of the banking system and why he will always put their interests before the people. His financial advisors are straight from the Wall Street 'A' list, including Paul Adolph Volker

Will: Protecting true self-government (Washington Post) [ Oh come on Mr. Will. If anyone in america really cared about Constitution, true self-government, meaningful rules of law to protect same, etc., wobama would already have been impeached. http://albertpeia.com/impeachobama.htm ‘...North Carolina Republican Walter Jones’ efforts to bring the administration to account for launching unconstitutional wars without the authorization of Congress. Jones’ recently introduced resolution states that such actions represent “an impeachable high crime and misdemeanor.”

The five core reasons for impeachment proceedings to be launched can be summarized as follows;

1) Despite promising otherwise, Barack Obama committed U.S. military resources to overthrow Libyan leader Colonel Gaddafi without any kind of congressional authorization whatsoever and without citing any evidence that Libya under Gaddafi was a threat to the security of the United States. Furthermore, Obama brazenly undermined the power of Congress by insisting his authority came from the United Nations Security Council and that Congressional approval was not necessary. “I don’t even have to get to the Constitutional question,” Obama churlishly remarked.

2) On New Years Eve 2011, Obama signed into law the National Defense Authorization Act which includes provisions that permit the abduction and military detention without trial of U.S. citizens. Despite Obama claiming he would not use the provisions to incarcerate U.S. citizens, it was his administration that specifically demanded these powers be included in the final NDAA bill.

3) The passage of the Obamacare bill, under which Americans will be forced to buy health insurance, is clearly anathema to the Constitution. “The individual mandate is unprecedented and exceeds Congress’s power to regulate interstate commerce. If it is allowed to stand, Congress will be able to impose any kind of economic mandate as part of any kind of national regulatory scheme,” writes Ilya Shapiro, a Senior Fellow in Constitutional Studies, Cato Institute.

4) Obama’s role in the economic looting of America since he took office is unprecedented. Specifically, Obama violated the Constitution’s Takings and Due Process Clauses when he bullied the secured creditors of automaker Chrysler into accepting 30 cents on the dollar while politically connected labor unions and preferential others received better deals.

5) Finally, Obama’s use of signing statements shows his desire to continue in the vein of George W. Bush and rule by executive fiat. This is a direct violation of Article II of the Constitution…’

Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some federal workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the properties in my proceedings for which surplus funds are unaccounted for was a 2 bedroom 1 and 1/2 bath condominium in seaside heights, n.j.). But debauchery an american specialty? Another rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in the illegal drug trade). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city by louis freeh, labeled by former Prosecutor Larry Klaiman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.

GOOGLE SEARCH – ‘LARRY KLAYMAN, LOUIS FREEH CORRUPT’

ABOUT 6,240 RESULTS (0.11 SECONDS)

· Trulock Sues FBI Director Freeh

archive.newsmax.com/articles/?a=2000/7/30/211047

Jul 31, 2000 – Judicial Watch is a public-interest law firm that fights corruption in government. To read Larry Klayman's letter to Louis Freeh, ...

· Judicial Watch - Because no one is above the law!

www.judicialwatch.org/archive/newsletter/2003/0203b.shtml

... security," said JW Chairman Larry Klayman. "His behavior stands in stark contrast to Louis Freeh, a man so corrupt he destroyed the office he led, ...

· Freedomwriter.com :: Headline News :: - America - JUDICIAL ...

www.freedomwriter.com/issue20/am15.htm

“Louis Freeh will finally have to answer in court for what he did to our clients. ... answers,” stated Judicial Watch Chairman and General Counsel Larry Klayman. ...

· Infowars.com -- Talk Radio's Alex Jones v. the New World Order

www.infowars.com/jw_transcript.htm

Klayman, Larry, Chairman, Judicial Watch ... My name is Larry Klayman. ... interest group that investigates and prosecutes government corruption and abuse. ...... They seized his computer – these are FBI agents at the direction of Louis Freeh, ...

· JUDICIAL WATCH REJOICES AT RESIGNATION OF FBI DIRECTOR LOUIS FREEH

www.judicialwatch.org/archive/2001/printer_921.shtml

May 3, 2001 – Because of his corrupt behavior, Freeh was placed on Judicial Watch's ... stated Judicial Watch Chairman and General Counsel Larry Klayman. ...

· The hazing of Judge Lamberth

www.wnd.com/index.php?pageId=5374

May 27, 2000 – By Larry Klayman ... While Judicial Watch has asked FBI Director Louis Freeh to .... lawsuits against a corrupt and unrepentant Clinton-Gore ...

· Trulock, Conrad v. Freeh, et al, Employees of FBI

cryptome.org/trulock-v-fbi.htm

LOUIS J. FREEH, in his personal capacity; NEIL GALLAGHER, in his No. ... COUNSEL ARGUED: Larry E. Klayman, JUDICIAL WATCH, INC., Washing- ton, D.C. ...

Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding ie., the u.s. government’s direct involvement in the illegal drug trade, etc.). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city by louis freeh, labeled by former Prosecutor Larry Klaiman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.

GOOGLE SEARCH – ‘LARRY KLAYMAN, LOUIS FREEH CORRUPT’

ABOUT 6,240 RESULTS (0.11 SECONDS)

· Trulock Sues FBI Director Freeh

archive.newsmax.com/articles/?a=2000/7/30/211047

Jul 31, 2000 – Judicial Watch is a public-interest law firm that fights corruption in government. To read Larry Klayman's letter to Louis Freeh, ...

· Judicial Watch - Because no one is above the law!

www.judicialwatch.org/archive/newsletter/2003/0203b.shtml

... security," said JW Chairman Larry Klayman. "His behavior stands in stark contrast to Louis Freeh, a man so corrupt he destroyed the office he led, ...

· Freedomwriter.com :: Headline News :: - America - JUDICIAL ...

www.freedomwriter.com/issue20/am15.htm

“Louis Freeh will finally have to answer in court for what he did to our clients. ... answers,” stated Judicial Watch Chairman and General Counsel Larry Klayman. ...

· Infowars.com -- Talk Radio's Alex Jones v. the New World Order

www.infowars.com/jw_transcript.htm

Klayman, Larry, Chairman, Judicial Watch ... My name is Larry Klayman. ... interest group that investigates and prosecutes government corruption and abuse. ...... They seized his computer – these are FBI agents at the direction of Louis Freeh, ...

· JUDICIAL WATCH REJOICES AT RESIGNATION OF FBI DIRECTOR LOUIS FREEH

www.judicialwatch.org/archive/2001/printer_921.shtml

May 3, 2001 – Because of his corrupt behavior, Freeh was placed on Judicial Watch's ... stated Judicial Watch Chairman and General Counsel Larry Klayman. ...

· The hazing of Judge Lamberth

www.wnd.com/index.php?pageId=5374

May 27, 2000 – By Larry Klayman ... While Judicial Watch has asked FBI Director Louis Freeh to .... lawsuits against a corrupt and unrepentant Clinton-Gore ...

· Trulock, Conrad v. Freeh, et al, Employees of FBI

cryptome.org/trulock-v-fbi.htm

LOUIS J. FREEH, in his personal capacity; NEIL GALLAGHER, in his No. ... COUNSEL ARGUED: Larry E. Klayman, JUDICIAL WATCH, INC., Washing- ton, D.C. ...

America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm

Robinson: Which Mitt will we get? (Washington Post) [ I think the more important and less speculative question is which con-man obama do we have? Indeed, there is no speculating about the fact that wobama the b for b***s*** is without exception, a completely different obama from that personified by the campaign promises and rhetoric last time around. In fact, except for profligate spending on top of the already unbalanced fiscal approach of dumbya bush to obfuscate his abject failure as president, wobama’s continued dumbya’s failed policies to a ‘t’. Oh sure, you’ll get some of the ‘same old song’ from wobama with the election drawing nye; nothing of which is even remotely within the possibility of passage, but, as last time around, it sounds good on the campaign trail. If anything, praise Mitt for giving Wobama a heads-up by informing him to ‘start packing’. I thought that was the nice Mitt; and, truth be told, that’s not typical wobama b***s***! Keep in mind, while being fiscally prudent as Governor; though politically contraindicated he was compassionate as he deemed necessary for the benefit of the vast majority in his state which set up this grueling primary campaign in which he has clearly prevailed. Just the opposite is true of wobama who despite rhetoric and (broken) campaign promises, favored ie., the banksters, military industrial complex, etc..

David Icke, Barack Obama: The Naked Emperor Shocking but true revelations from David Icke| infra ‘...Obama is just more of the same, a big smile with strings attached, and controlled completely by those that chose him, trained him, sold him and provided his record funding, kept his many skeletons under wraps, like the gay sex and crack cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp, who is alleged to claim that someone claiming to represent me called asking for $100,000, to keep me from coming forward about our (Obama and I) November 1999 encounter of sex and cocaine use?), ... Obama is just another Banksters' moll prostituting himself .., and that's why he supported the grotesque bail-out of the banking system and why he will always put their interests before the people. His financial advisors are straight from the Wall Street 'A' list, including Paul Adolph Volker

Obama, Romney and the ultra-rich The candidates’ tax plans would have vastly different outcomes for the wealthy, offering a window into their disparate economic views. (Washington Post) [ Disparate economic views? For wobama, that’s as ephemeral as an election cycle measured in months; after which, anything goes regardless of campaign promises, as we’ve regretfully witnessed in wobama the b for b***s*** to the nation’s profound detriment. After all, wobama has essentially continued, fatal foibles and all, virtually all the policies of dumbya bush, and added even greater obfuscating spending on top of that leaving the nation with an insurmountable debt load and defacto bankruptcy (America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’). Romney's claim that Obama has raised taxes on ‘millions of Americans’FACT CHECKER | There have been tax increases. But also lots of tax cuts. We do the math. (WP [ Well, the one math you didn’t do, and the one most important tax Mitt Romney forgot to mention, is the inflation tax courtesy of wobama’s increase in the nation’s deficit in an amount greater than all the nation’s previous presidents since President General Eisenhower combined. And yes, inflation is a ‘tax’ (even bernanke admitted that) (see Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm ) and it’s already here (gas, meats, etc.), underreported, and will keep on coming in a very big way. , The 15 Trillion Dollar Party http://albertpeia.com/bankruptamericadestroyingthefuture.htm , http://albertpeia.com/obamadeceptionhighqualityversion.flv

Wobama’s been an abject failure by any standard, including what would be his own if measured against his previous campaign rhetoric / promises. He’s failed. Period! Moreover, he should be impeached!

http://albertpeia.com/impeachobama.htm ‘...North Carolina Republican Walter Jones’ efforts to bring the administration to account for launching unconstitutional wars without the authorization of Congress. Jones’ recently introduced resolution states that such actions represent “an impeachable high crime and misdemeanor.”

The five core reasons for impeachment proceedings to be launched can be summarized as follows;

1) Despite promising otherwise, Barack Obama committed U.S. military resources to overthrow Libyan leader Colonel Gaddafi without any kind of congressional authorization whatsoever and without citing any evidence that Libya under Gaddafi was a threat to the security of the United States. Furthermore, Obama brazenly undermined the power of Congress by insisting his authority came from the United Nations Security Council and that Congressional approval was not necessary. “I don’t even have to get to the Constitutional question,” Obama churlishly remarked.

2) On New Years Eve 2011, Obama signed into law the National Defense Authorization Act which includes provisions that permit the abduction and military detention without trial of U.S. citizens. Despite Obama claiming he would not use the provisions to incarcerate U.S. citizens, it was his administration that specifically demanded these powers be included in the final NDAA bill.

3) The passage of the Obamacare bill, under which Americans will be forced to buy health insurance, is clearly anathema to the Constitution. “The individual mandate is unprecedented and exceeds Congress’s power to regulate interstate commerce. If it is allowed to stand, Congress will be able to impose any kind of economic mandate as part of any kind of national regulatory scheme,” writes Ilya Shapiro, a Senior Fellow in Constitutional Studies, Cato Institute.

4) Obama’s role in the economic looting of America since he took office is unprecedented. Specifically, Obama violated the Constitution’s Takings and Due Process Clauses when he bullied the secured creditors of automaker Chrysler into accepting 30 cents on the dollar while politically connected labor unions and preferential others received better deals.

5) Finally, Obama’s use of signing statements shows his desire to continue in the vein of George W. Bush and rule by executive fiat. This is a direct violation of Article II of the Constitution…’

Al Sharpton, power player Once a pariah, everybody wants to be on his good side these days. (Washington Post) [ Speak for yourself wobama-lover, Mr. Milbank. Power? More than just a bit of a stretch; but, it is an unequivocal, sure sign as to how far the nation’s fallen. Like wobama, the guy’s a con-man including the latest ‘Into the Hoods’; lest we forget http://albertpeia.com/tawana.htm . Then, there’s sharpton fan eric holder, himself a proper candidate for impeachment (Sheriff: Fast and Furious Bigger Scandal Than Watergate http://www.prisonplanet.com/sheriff-fast-and-furious-bigger-scandal-than-watergate.html Watson | … calls for Holder to resign ); and, of course, wobama of the same mold ( http://albertpeia.com/impeachobama.htm ‘...North Carolina Republican Walter Jones’ efforts to bring the administration to account for launching unconstitutional wars without the authorization of Congress. Jones’ recently introduced resolution states that such actions represent “an impeachable high crime and misdemeanor.”

The five core reasons for impeachment proceedings to be launched can be summarized as follows:

1) Despite promising otherwise, Barack Obama committed U.S. military resources to overthrow Libyan leader Colonel Gaddafi without any kind of congressional authorization whatsoever and without citing any evidence that Libya under Gaddafi was a threat to the security of the United States. Furthermore, Obama brazenly undermined the power of Congress by insisting his authority came from the United Nations Security Council and that Congressional approval was not necessary. “I don’t even have to get to the Constitutional question,” Obama churlishly remarked.

2) On New Years Eve 2011, Obama signed into law the National Defense Authorization Act which includes provisions that permit the abduction and military detention without trial of U.S. citizens. Despite Obama claiming he would not use the provisions to incarcerate U.S. citizens, it was his administration that specifically demanded these powers be included in the final NDAA bill.

3) The passage of the Obamacare bill, under which Americans will be forced to buy health insurance, is clearly anathema to the Constitution. “The individual mandate is unprecedented and exceeds Congress’s power to regulate interstate commerce. If it is allowed to stand, Congress will be able to impose any kind of economic mandate as part of any kind of national regulatory scheme,” writes Ilya Shapiro, a Senior Fellow in Constitutional Studies, Cato Institute.

4) Obama’s role in the economic looting of America since he took office is unprecedented. Specifically, Obama violated the Constitution’s Takings and Due Process Clauses when he bullied the secured creditors of automaker Chrysler into accepting 30 cents on the dollar while politically connected labor unions and preferential others received better deals.

5) Finally, Obama’s use of signing statements shows his desire to continue in the vein of George W. Bush and rule by executive fiat. This is a direct violation of Article II of the Constitution…’ ).

Parker: Rosen vs. Romney — A faux ‘girl fight’ (Washington Post) [ Faux ‘girl fight’? Hardly! Fully intended as a slight, the unintended consequences are significant! The Plum Line : The Morning Plum...over Hilary Rosen and Ann Romney triggered reams of analysis echoing the GOP spin that this... (WP) [ This is more than just GOP spin although the wobama spinmeisters would like you to believe otherwise. It was a typical cheap shot meant to draw contrasts with such as hillary clinton, michelle obama (see infra) which is specious and foolhardy since on close inspection and analysis, such scrutiny favors the honorable Ann Romney as it does hardworking housewives, mothers everywhere. To coin a new phrase: ‘Housewife/Mother, the Oldest HONORABLE Profession in the World’! Though too early to congratulate the new President (as a matter of courtesy to Ron Paul who is starting to look foolish, even leading some to wonder about the soundness of his positions owing to his age), I disagree that this will be a close election which I believe will be a blowout. Why? Because this is truly an existential moment for other than wobama’s ‘black voting (for b.o. no matter what) block’ and the nation as we once knew it and as well because of those legal / factual bases upon which the sound call for wobama’s impeachment is predicated, http://albertpeia.com/impeachobama.htm ; in addition to the reality that wobama’s failed miserably having been given the chance to do what he said he would do but didn’t, which if he did do would have been the right course as we well now know!

Obamas’ 2011 tax returns: $790K in earnings, $162K in federal income tax The earnings represent a big drop from the $1.7 million that the first family reported in 2010. (Washington Post) [ So much for the ‘man of the people’, everyone else out of touch with the middle class / poor. The wobama’s are just a pair of lying, jive-talking, cons who’ve played the nation and got to go. Pundit says Ann Romney ‘never worked a day in her life.’ She disagrees. Republican front-runner’s wife opens Twitter account to respond to Democratic pundit’s remarks. (Washington Post) [ I also disagree! Drudgereport: 'SHE HAS NEVER WORKED A DAY IN HER LIFE' So what! Five boys raised properly, housewife to a successful husband, I’d call that a full-time job to be praised and emulated! I’d also say her composure reveals an individual secure enough to do what was best, optimal for her family. It certainly had a salutary effect on Mitt Romney’s earning capacity! Would it have been preferable for her to have been a working wife as michelle obama to con-man, sometime gayster obama who was about to be disbarred when she surrendered her law license; or, hilarious hillary clinton who conducted séances on the roof of the whitehouse purportedly with Eleanor Roosevelt? I think Ann Romney will be a great first lady who won’t as moochell obama try to squeeze out every penny of tax-payer funding she can as has moochell in ie., her (their) over-traveled/vacationed position(s).

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

http://albertpeia.com/obamadeceptionhighqualityversion.flv

More Republicans say Afghan war not worth fighting, poll shows The Post-ABC News findings come as U.S. efforts in Afghanistan emerge as key battle in presidential race. ‘Then why are we there?’ (Washington Post) [ Why are we there? Geeh, if only that was a question without an obvious answer, defacto bankrupt america/eu/west might be forgiven. But alas, this ‘tiny little’ malevolent thing at roughly 3% GDP involving hundreds of billions of taxpayer dollars at a pop called the ‘military industrial complex’, warned against by the great but substantially underrated President General Eisenhower, is hardly hidden from view. As a matter of fact, especially given nato’s and america’s particularly, collective defacto bankruptcy, it’s shocking they’re there at all, much less still there. America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’. 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , USA #1? 40 Embarrassing Things That America Is The Best In The World At http://albertpeia.com/40badthingsusabest.htm , They Love Death http://albertpeia.com/theylovedeath.htm

Milbank: Santorum’s Gettysburg surrender (Washington Post) [ Yes, indeed! You can almost see wobama aficionado/apologist Mr. Milbank gritting his teeth in disappointment that Rick Santorum can no longer be counted on as at least a nominally foolish but not real spoiler as Mr. Milbank’s hopes for same now rest upon the slimy newt and Ron Paul who are looking more foolish by the day in pressing forward as if imbued with the spirit of Don Quixote while straining however implausibly to become wobama’s best friends. They are really beginning to look very foolish indeed!

More Americans expect health-care ruling to be political Half of the public expects the Supreme Court justices to rule mainly based on their “partisan political views,” a Post-ABC News poll reveals. ‘A corrupt political system’ (Washington Post) [ Well, here’s a poll that even mainstream media jokemeister abc with sidekick the Post can do without ‘cherry-picking’ the polled to come up with the clear, ineluctable, correct result. Yeah, the american political system is corrupt. But, not just the political system ( http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ); rather, the entire american system, all three branches of government, executive, legislative, and judicial are unequivocally corrupt (throw in as well here, so-called private enterprise, ie., the bailed out huge frauds on wall street, military industrial complex, illegal drug trade by the government, etc.). That’s certainly consistent with my direct experience and I’d swear to it on a Bible. http://albertpeia.com/fbimartinezcongallard.htm

America’s shine is wearing off I know why we are falling into a cataclysm of debt and can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom, freedom generally did they come to these shores. A rare exception to the influx of immigrants to this young nation who turned out to be more a virus to the indigenous peoples of this land than what could have been expected from those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so positioned abroad would have represented a positive addition to the gene pool which, borrowing from an insurance term, viz., adverse selection, springs forth the notion of inevitability to the genocide of the indigenous populations while guaranteeing the decline we see throughout this foundering nation. The effects of these negative predispositions toward inherent criminality is certainly being felt globally as well as domestically and has little to recommend it. My own direct experience with the region(s) (particularly new jersey, new york, virginia, connecticut, california) carves out no exception for the prevalence of the worst of human nature; which is now collectively and pervasively americana. Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm

CRIME STATS(u.s.No.1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Sargent: Will Romney be allowed to change? (Washington Post) [ What does it matter and why the speculation since from the moment he was sworn to present there’s been an astounding metamorphosis of wobama into the lying, jive-talking weasel-worm he’s proven to be. Whatever Romney is will always exceed what wobama is and purports to be. Wobama’s failed miserably having been given the chance to do what he said he would do but didn’t, which if he did do would have been the right course as we well know now.

Obama holds key leads over Romney on top issues, personal traits But contest is more competitive when it comes to economy, jobs, according to new Post-ABC News poll. (Washington Post) [ I don’t believe these polls as favor obama for even a second. While it may seem unfair to single out abc inasmuch as any mainstream news disseminator is as unreliable, the fact is that while there are many stupid people in america, there really aren’t that many people who are that stupid. The fact is that the guy they know (‘ devil that you know verses the devil that you don’t ‘) is so bad and without any integrity whatsoever and such a proven failure, that only the dumbest fool could invite the fool me twice scenario with wobama the b for b***s*** who has broken virtually every campaign promise on which he ran and was elected; and as it has turned out, to the nation’s substantial detriment. Mainstream media is a total joke and a testament to how far the nation has fallen. There’s no downside to Romney because there’s no upside to wobama, the jive-talking black man as he reminds us as he did when he reminded us that that if he had a son, he’d look like that little thief/would have been future criminal trayvon martin. As for the Post, almost everything seems controversial these days and their comment section for the more controversial topics is down/not working/doesn’t post more often than not and I no longer even bother with, waste my time alerting them to the problems. Virtually every criticism of Romney is in the realm of wobama’s been there done that; including the purported cozy relationship with wall street as we all wait for wobama’s promised prosecutions at the highest levels … don’t hold your breath. Personal traits? I’ll take the guy who was a former missionary. Should he be punished for a less than sordid background: http://albertpeia.com/obamadeceptionhighqualityversion.flv

snopes.com: Who Is Barack Obama?

www.snopes.com/politics/obama/muslim.asp

His mother then married Lolo Soetoro, a RADICAL Muslim from Indonesia. ... Barack Obama's parents separated when he was two years old, his father moving to ....

Barack Obama, Sr. - Wikipedia, the free encyclopedia

en.wikipedia.org/wiki/Barack_Obama,_Sr.

Later, while Obama Sr. was married to his third wife, Kezia had Abo and Bernard .... from my mother when I was 2 years old; in any event, although my father had ...

President Frank Marshall Davis Obama!!

www.reformation.org/frank-marshall-davis-obama.html

by A Paradise - Related articles
Obama cannot change the fact that he is illigetimate, but it is not too late for him to forsake his ... on his mother's side, Stanley Dunham, was a close friend of father Frank. ... In 1946, Obama's father married 23 year old Helen Canfield in Chicago. .... It was during one such free love affair that University of Hawaii student Ann ...

Barack Obama: The Road to the White House - The New York Times

topics.nytimes.com/topics/reference/.../b/...obama.../index.html

In his memoir, "Dreams From My Father," Barack Obama conjures up an ... In 1961, the short-lived marriage produced a son, also named Barack. ... When his mother returned to Indonesia to do field work for her degree, ..... foreign affairs, helping to parry Mr. McCain's attacks that Mr. Obama was too light on national security.

The ' Singular Woman' Who Raised Barack Obama - NPR

www.npr.org › Arts & Life › Books › Author Interviews

May 3, 2011 – Politics & Public Affairs · Romance · Science Fiction & Fantasy · Science & ... Obama said yes, and in 1995, his book Dreams from My Father was published. ... But the characterizations of Obama's mother — first as "a white anthropologist ... Three months pregnant with their child, she married him in 1961.

The American Dream Love Story: Barack Obama's mom was 17 when

isteve.blogspot.com/.../barack-obamas-mom-was-17-when-barack-sr....

May 14, 2008 – When examined carefully, their affair turns out to be a sordid one, with disastrous ... Meanwhile, the candidate's mother married an Indonesian guy who tried to .... Obama is not responsible for his sleezy father or flaky mother.

Jackson Lears reviews 'The Other Barack' by Sally Jacobs and 'A ...

www.lrb.co.uk/v34/n01/jackson-lears/a-history-of-disappointment

Jan 5, 2012 – In domestic affairs, Obama's obeisance to the Washington consensus led ... Two recent books, biographies of his father and his mother, may help to ... a hopeless drunk, recently married and a new father but estranged from ...

Revealed: Obama's dad polygamist, alcoholic

www.wnd.com/2008/03/59850/

Mar 25, 2008 – In truth, Barack Obama senior, Obama's father, was a polygamist who had ... While at Harvard, Obama senior had an affair with yet another woman, ... whom he met at Harvard while yet married to Obama's mother and to his ...

Barack Obama Biography

barackobamabiography.org/

Born to a Kenyan father and an American mother, Barack Obama has a ... Obama's mother married an Indonesian student Lolo Soetoro while they were in .... and Committee on Homeland Security and Government Affairs at the start of 2007.

Barack Obama | 2012 Presidential Candidates

www.archives.com/.../presidential-candidates-barack-obama-2012.ht...

President Barack Obama has a fascinating family tree with ties to Africa and to a ... his mother to Indonesia when he was six years old to join his step-father Lolo ... when he married Dunham, and the marriage failed quickly after Obama was born. ... of Chicago Hospitals for Vice President of Community and External Affairs, ...

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

http://albertpeia.com/obamadeceptionhighqualityversion.flv

Robert Burt: Should God be obeyed? (Washington Post) [ The ‘politically correct’ answer is of course, ‘Of Course’. But, of course, saying so won’t change the fact that they won’t. The grim reality for this planet which boasts a dominant species descended from initially notochords, primitive chordates, and relatively more recently primitive apes, is that at this point, it really no longer matters. Think decades, at best; which, is not a forbearance, but rather, time for tribulation, suffering, ‘payback’, etc.; for example, think algorithyms (I’ve not really pondered the math closely) as in, ie., a month’s tribulation for every minute of Christ’s suffering, etc.. As I’ve previously written:

Karen Santorum: Presidential run is 'God's will' (Washington Post) [ The place they call Heaven to Karen Santorum: News Flash – God has more important things and worlds to attend to … Further News Flash – Though not popular fare among rationalizers … Look around you, worldwide. Clearly, the world where the Christ was brutally crucified (it would happen again and again here) is certainly not God’s favorite, euphemistically speaking … Final News Flash – No, the Christ was not sent here by God to be brutally murdered / sacrificed like some animal in some pagan ritual for the sake of some primitive species evolved from initially notochords, primitive chordates, and relatively more recently primitive apes. Summary Conclusion: Decades at best, people don’t flatter yourselves; in earthly vernacular, God doesn’t give a flyingf*** about this, or any other election. Deceivers all (look at all the pervasive frauds, deceptions embraced by so many), do not deceive yourselves. http://albertpeia.com/anthroindex1.htm

Romney, up close and impersonal It’s unclear whether voters will notice substance through his unsettling style. (Washington Post) [ Oh, great point Mr. Milbank! The nation/voters/the world are just yearning for more ‘wobama-like’ style/form over substance that’s failed the nation for the past four years of broken campaign promises that has left the nation in shambles and debt-ridden beyond all hope of repair. America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’. 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , USA #1? 40 Embarrassing Things That America Is The Best In The World At http://albertpeia.com/40badthingsusabest.htm

Romney sharpens attack on Obama The GOP hopeful accuses the president of waging a “hide-and-seek campaign,” taking a more aggressive tack as rivals draw battle lines for fall election. (Washington Post) [ ‘Hide and seek’ campaign, indeed! (As a matter of disclosure, I didn’t read this article … don’t have to … the headlines are sufficient and are necessarily broad enough to encompass typical wobama b***s***!). He has to … hide from his last campaign promises none of which have been kept … hide from the reality of the damage caused to the nation by having so failed to keep those promises and from the reality of the unaffordable cost (profligate spending and increased deficits) of obfuscating such damage. Seek? Yes, a line of b***s*** and spin and excuses for having failed so miserably in his embarrassingly disastrous four years in office.

What Sarah Palin's "Today Show" appearance proves (Washington Post) [ More than anything else, it proves that ‘dumb’ sells in america. ‘You know it when you see it’ (supreme court obscenity test of old) kind of dumb that’s funny because it’s ‘you can’t make this stuff up’ kind of dumb/funny. Sweet sister sarah, hypocrite extraordinaire with closet skeletons to spare, we gotta’ at least wonder whether Alan West whom she ‘endorsed’/recommended for the VP nod had been one of her black lovers. Of course, that would in fact be stupid because wobama will get near 100% of the black vote for no reason other than the fact that he’s black. But who’s listening to pickled-brain palin who has no credibility in reality whatsoever but provides great source material for comedy as SNL of which she’s quite proud, media hound that she is and as the article points out.

Joe McGinniss Sarah Palin Book, 'The Rogue,' Makes Controversial Claims About Former Alaska Governor ‘Joe McGinniss's new book, The Rogue: Searching for the Real Sarah Palin, hits bookstores next week, but its controversial claims about the former Alaska governor are already making waves.

In the book, McGinniss writes that Palin had a one-night stand in 1987 with future NBA basketball player Glen Rice nine months before she married her husband Todd. He quotes a friend who said Palin "had a fetish for black guys for a while."

"She was a gorgeous woman. Super nice. I was blown away by her," Rice tells McGinniss in the book, NBC reports. "Afterward, she was a big crush that I had."

McGinniss's book also alleges that Palin had an extramarital affair with her husband's business partner, Brad Hanson, in the mid-1990s, and snorted cocaine off a 55-gallon oil drum while snowboarding.

"An utter fraud. An absolute and utter fraud," McGinniss calls Palin in an interview about the book with NBC.

"At best, she's a hypocrite," McGinniss tells NBC's Savannah Guthrie. "At worst, she's a vindictive hypocrite."

McGinniss famously moved into a house next door to Palin's Wasilla, Alaska home to write his book -- prompting the Palins to accuse him of stalking them. They built a high fence along their property to protect their privacy.

In response to McGinniss's book, Todd Palin gave a statement to NBC saying that McGinniss "spent the last year interviewing marginal figures with an axe to grind in order to churn out a hit piece to satisfy his own creepy obsession with my wife."

"I'd ask the fathers and husbands of America to consider our privacy when one summer day I found this guy on the deck of the rental property, just 18 feet away next door to us, staring like a creep at my wife while she mowed the lawn in her shorts," Palin said.

McGinniss says that anything he learned about Palin by living next door did not make it into the book, but he does become a character in the story himself.

The New York Times writes in its review:

Soon Mr. McGinniss is settling in to enjoy the fuss his mere presence has created. "Normally, for a news story to continue beyond the first 24-hour news cycle, something newsworthy must occur," he writes loftily, but "The Rogue" is filled with proof to the contrary. What was his hate mail like? He quotes it. What did Glenn Beck call him? That’s here too. Who took umbrage at this venom and chose to help him? One man offered him a hideout, despite Mr. McGinniss's slight skepticism about his motives. "But you don’t know me," Mr. McGinniss protested.

McGinniss's book is scheduled to hit bookstores on Tuesday, Sept. 20.’

The Rogue: Searching For The Real Sarah Palin' Cover Revealed Call it Palin Noir. Joe McGinniss' upcoming biography of Sarah Palin has a cover design more fitting for a detective novel. It has a bold...

Joe McGinniss, Palin Neighbor & Author, Leaving Wasilla To Write Book ANCHORAGE, Alaska — Sarah Palin can take down the fence. Palin's neighbor of three months on Wasilla's Lake Lucille, author Joe McGinniss, is packing his...

Bristol Palin Interview Accidentally Reveals Mother's 15 Abortions www.theonion.comWASILLA, AK—Sarah Palin's political team was forced to do emergency damage control Monday after the former Alaska governor's daughter Bristol accidentally divulged on live television that her mother has undergone at least 15 abortions over the past 30 years. "She's always telling me how special I am, especially considering the five or six babies she aborted before I was born," Palin, 20, said during a CNN interview in which she was asked if she thought her mother would make a good president. "Then of course there were the twins she aborted shortly after having me, another four abortions after Willow somehow survived hers—but anyway, she's a wonderful mom. She just gets pregnant a lot and doesn't always want to have the baby." Palin also commended her mother's strength in carrying three babies with Down syndrome to term, and then even choosing not to give Trig up for adoption like the others.

Rocked by spending scandal, GSA chief resigns Administrator Martha Johnson resigns, two top deputies are fired and four managers placed on leave amid reports of lavish spending at a conference that featured a clown, a mind reader and a $31,208 reception. ‘Not everything that happens in Vegas stays in Vegas (Washington Post) [ Yeah … she should have known! After all, how could she possibly have expected this to stay in Vegas when the clown’s already in Washington, D.C., in the whitehouse.

Henry Kissinger: A new intervention doctrine? (Washington Post) [ How does anyone still listen to this guy? He’s been a major part of america’s past giving rise to current failure and decline! A product of gimmicks, soundbites, and media revelry, this warmongering, neocon zionist has in self-interested fashion led the nation down the wrong path at every turn. As a matter of disclosure, I did not read his article because there is nothing he could write or say that’s worth reading or hearing. SHOCK POLL: Afghan war support DOWN TO 25%... America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’

It’s lights out for Earth HourPHOTOS | From China’s Great Wall to Washington’s National Cathedral, landmarks around the world shine a spotlight on climate change by going dark. (Washington Post) [ No, it’s too soon! Decades at best, then … lights out for earth!

The best investment in U.S. politics? How donors shape judicial elections. Low-profile judicial races are now under the spotlight as super PACs set sights on controlling the courts. (Washington Post) [ And not just the overt donors; ie., the super PACs alluded to here. I’ve seen it first hand and the bribery one way or another is pervasive and brazened; almost as if an expectation consistent with a sense of entitlement (to the bribes). And not just the ‘low profile’ races; but as well, the high profile appointments, including at the highest levels. http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm .

Meyerson: The rich keep getting richer (Washington Post) [ This truly is an important article topically; but, I’m constrained to say Mr. Meyerson is uncharacteristically euphemistic in his treatment of this subject. A more apropos title for this piece would be, ie., ‘Crime Pays in America (and pays well)’ or ‘It Pays To Be A Criminal in america’ or in a nation as pervasively corrupt, defacto bankrupt america where one is innocent until proven guilty in a court of law, control the controllables in preventing the criminals from being declared such in a court of law which means corrupt judges, prosecutors, legislators, etc., all of whom are being bribed one way or another; hence, the title headline; ie., ‘Criminals Controlling the Controllables’. Fraudulent wall street is the most flagrant example and of recent memory; yet, the government contracts, even illicit businesses as arms, drugs, etc., have received their share of love, support, and protection from the government. 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) ZeroHedge.com 3-14-12 ‘Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse.’ Election year temp jobs, trade deficit up, GDP projection down, business inventories miss, manipulations, obfuscations… , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , Guest Post: The Ascendence Of Sociopaths In US Governance Durden 3-21-12 How did we get here? An argument can be made that miscalculation, accident, inattention and the like are why things go bad. Those elements do have a role, but it is minor. Potential catastrophe across the board can't be the result of happenstance. When things go wrong on a grand scale, it's not just bad luck or inadvertence. It's because of serious character flaws in one or many – or even all – of the players. So is there a root cause of all the problems I've cited? If we can find it, it may tell us how we personally can best respond to the problems. In this article, I'm going to argue that the US government, in particular, is being overrun by the wrong kind of person. It's a trend that's been in motion for many years but has now reached a point of no return. In other words, a type of moral rot has become so prevalent that it's institutional in nature. There is not going to be, therefore, any serious change in the direction in which the US is headed until a genuine crisis topples the existing order. Until then, the trend will accelerate. The reason is that a certain class of people – sociopaths – are now fully in control of major American institutions. Their beliefs and attitudes are insinuated throughout the economic, political, intellectual and psychological/spiritual fabric of the US.

And you know what, the DOJ / u.s. attorneys and FBI seem to be okay with the corruption, and even cover-up for the criminals which include federal judges samuel alito, maryanne trump barry, alan shiff, j.howard matz, etc., and fbi directors freeh, mueller, etc.. They lack courage, talent, and ability. These are the incompetent, the untalented, the not too bright, and the corrupt; the quintessential bureaucrats who’ve literally paved the way for america’s decline and fall, also enabling kindred spirits who further enable kindred, but ‘generous’ criminals:

October 15, 2010 (*see infra {ultimately delivered by UPS})

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700

Los Angeles, CA 90024

Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case  RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages)      [  ricosummarytoFBIunderpenaltyofperjury.pdf   http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf          ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as     fbicorrespondencereyes.htm     .   With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the    RICO VERIFIED COMPLAINT    (see infra). Such includes and as set forth in the case, inter alia,

• A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
• Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
• The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages:   [  Shiff Order of Dismissal With Prejudice on Coan’s Failure to File        Page 1                Page 2          ]
• Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [   transcript in pertinent part -     http://albertpeia/crossexamofcoanbypeia.pdf    ]
• Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.

• Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.],   Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.

Sincerely,

Albert L. Peia

611 E. 5^th Street, #404

Los Angeles, CA 90013

(213) 219-**** (cell phone)

(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651 -magic jack}

                       ----------

*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]

Rise in homicides after ‘Stand Your Ground’ Editorial Board (Washington Post) [ Oh come on! You obviously don’t get out much. There has been a rise in homicides, and crime generally, regardless of the reported so-called stats and regardless of ‘stand your ground law’. Wake up! The nation is decomposing before your very eyes. That’s the fact jack! That’s reality! 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , USA #1? 40 Embarrassing Things That America Is The Best In The World At http://albertpeia.com/40badthingsusabest.htm

Repeal ‘Stand Your Ground’ As Trayvon Martin’s death shows, such laws are a license to kill. (Washington Post) [ Well, the fact is that criminals who make neighborhood watch necessary need no licenses to kill. Indeed, this 3-24-12 robbery/murder by a black of a white store-owner who complied with all the killer’s demands and offered no resistance or provocation and complete compliance, was killed by the ‘rabid dog’ anyway. At some point rational people must say, ‘thus far and no further’! Stand your ground must stand! People should be more objective, and not base their opinions as this clearly on shades of race and inherent bias alone! UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...(WP) ‘ignore cases that involve black defendants and white victims’

PARENTS OF MURDERED WHITE STUDENTS SLAM OBAMA FOR SILENCE

[ Well, they’re just white folk, not blacks like obama et als. Moreover, there would be no end to the limitless requests as ‘black on white violent crime’ is at epidemic levels and by far exceeds the miniscule proportions of white on black crime. http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]

Drudgereport: Black Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who do these blacks think they are? ] Take a look at this black who kills a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm

Zimmerman claims Martin started confrontation, broke his nose Attorney for man who shot teen says client also suffered injuries to head; boy’s parents dispute account. (Washington Post) [ I believe Zimmerman and as well, the eyewitness to the incident. Drudgereport: COPS: Zimmerman says Trayvon decked him with one blow then began hammering his head on sidewalk...
'Suffered broken nose and had injury to back of head'...
Martin had been suspended from school for marijuana...
Black Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who do these filthy niggers think they are? ] Take a look at this nigger who kills a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of Florida teen not a racist, lawyer says...
SECRET WITNESS: Self-defense... [Witness: Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different picture than we've seen so far of what happened the night 17-year-old Trayvon Martin was shot and killed.The night of that shooting, police say there was a witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to that witness.What Sanford Police investigators have in the folder, they put together on the killing of Trayvon Martin few know about.The file now sits in the hands of the state attorney. Now that file is just weeks away from being opened to a grand jury.It shows more now about why police believed that night that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told dispatchers he was following a teen. The dispatcher told Zimmerman not to.And from that moment to the shooting, details are few.But one man's testimony could be key for the police."The guy on the bottom who had a red sweater on was yelling to me: 'help, help…and I told him to stop and I was calling 911," he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only wanted to be identified as "John," and didn't not want to be shown on camera.His statements to police were instrumental, because police backed up Zimmerman's claims, saying those screams on the 911 call are those of Zimmerman."When I got upstairs and looked down, the guy who was on top beating up the other guy, was the one laying in the grass, and I believe he was dead at that point," John said.Zimmerman says the shooting was self defense. According to information released on the Sanford city website, Zimmerman said he was going back to his SUV when he was attacked by the teen.Sanford police say Zimmerman was bloody in his face and head, and the back of his shirt was wet and had grass stains, indicating a struggle took place before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun

Former NAACP leader accuses Sharpton, Jackson of 'exploiting' Trayvon Martin...
'His family should be outraged'...
Mother seeks to trademark dead son's name …[ For what? Trayvon hoodies? ]...
Many wear hoodies as churches remember Trayvon...

Lancaster computer shop shooting suspect identified | abc7.com

http://abclocal.go.com/kabc/story?section=news/local/los_angeles&id=8594147

http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm

‘Timothy Johnson, 24, is shown in this 2007 mugshot provided by the Los Angeles County Sheriff's Department.’ (KABC Photo) Calif. (KABC) – ‘Sheriff's officials released the name of the man they say shot and killed the owner of a computer shop in Lancaster.

The suspect was identified as 24-year-old Timothy Johnson, described as being 6 feet 2 inches tall, weighing about 170 pounds with a dark complexion (negro-black) and a closely shaved head.

Detectives say Johnson reportedly entered eChaps Computers and More at 2007 W. Avenue K on Friday, shot and killed store owner Reed Lewis Keith and left with stolen electronics in hand.

Johnson reportedly fled in a black, 1980s model four-door car driven by an accomplice. Investigators said Johnson was wearing a black hooded sweatshirt and a ski mask at the time of the robbery…’

Wearing hoodie, Rush escorted from House floor (Washington Post) [ Hold onto your purses female members, there’s a black boy wearing a hoodie in the house. [ .. (the following incident is my personal experience: black perps, white victims)‘.. while walking through Military Park in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped / a crowd gathered / an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA’s position with both felonies ( he went to prison – pled out ). The other case I wrote about here (included on my website in the Psychology forum discussion of ‘bystander effect’ / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparently had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp (a police officer here in California was the object of intense criticism for having used a flashlight to subdue a criminal after a long chase) . The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal went to jail (where they belong). The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so. I was also mugged by 4 blacks and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). ]

German town fears loss of U.S. Army base will shake loose longtime U.S. tilt Baumholder’s identity may no longer be tied up in red, white and blue as it braces for Pentagon cutbacks. (Washington Post) [ Oh come on! You’ve been reading too much american propaganda. Of all places, Germany. I think they’ll get by. I think they’ll manage. I think they’ll survive. Moreover, there’s not the slightest doubt in my mind that the Germans will be glad to see the american troops go, beyond the propaganda which is in no short supply here. Fears? I doubt it. Some minimal financial pain requiring rather simple adjustment? Maybe, but worth it for them. 10 Reasons Why The Reign Of The Dollar As The World Reserve Currency Is About To Come To An End http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , TBTF Get TBTFer: Top 5 Banks Hold 95.7%, Or $221 Trillion, Of Outstanding Derivatives Durden 3-26-12 , 10 Reasons Why The Reign Of The Dollar As The World Reserve Currency Is About To Come To An End http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , ( America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’ )

Soldier accused in Afghan rampage identified Staff Sgt. Robert Bales, who had not wanted to deploy to Afghanistan after being injured in Iraq, watched a comrade lose his leg in an explosion just hours before he allegedly killed 16 Afghan civilians, his lawyer says. ‘This is just sad and tragic all the way around’ (Washington Post) [ ‘Sad and tragic all the way around’. Indeed! So easy and magnanimous a thing to say, and so cathartic. Yet, let us not kid ourselves. It’s far more sad and tragic for the innocent civilian men, women, and children who were murdered as they slept by what is more typical domestically and internationally of the quintessential american mental case though few are want to admit this unstated truth. , Guest Post: The Ascendence Of Sociopaths In US Governance Durden 3-21-12 How did we get here? An argument can be made that miscalculation, accident, inattention and the like are why things go bad. Those elements do have a role, but it is minor. Potential catastrophe across the board can't be the result of happenstance. When things go wrong on a grand scale, it's not just bad luck or inadvertence. It's because of serious character flaws in one or many – or even all – of the players. So is there a root cause of all the problems I've cited? If we can find it, it may tell us how we personally can best respond to the problems. In this article, I'm going to argue that the US government, in particular, is being overrun by the wrong kind of person. It's a trend that's been in motion for many years but has now reached a point of no return. In other words, a type of moral rot has become so prevalent that it's institutional in nature. There is not going to be, therefore, any serious change in the direction in which the US is headed until a genuine crisis topples the existing order. Until then, the trend will accelerate. The reason is that a certain class of people – sociopaths – are now fully in control of major American institutions. Their beliefs and attitudes are insinuated throughout the economic, political, intellectual and psychological/spiritual fabric of the US.

U.S. seeks clues in Syrian money trail (WP) [ Indeed, follow the money (trail). Sound advice, even from the depths of throats to this newspaper in times now long forgotten. Whether it’s the 360 tons of $100 bills of taxpayer funds that just disappeared in Iraq, or the proceeds of the resurgent heroin trade in Afghanistan made possible by another illegal, unnecessary war, or the cash out of the wall street frauds in the trillions made possible by FASB rule change now marking worthless paper to anything (still there, frauds still extant, despite promises still unprosecuted), campaign quid pro quo protection, and on and on. Yes, indeed follow the money; though, without a doubt, don’t hold your breath for disclosure / exposure once followed / found. This nation is pervasively corrupt, defacto bankrupt, has engaged in war crimes violative of international law, Geneva Conventions, and they’re worrying about money trails to a foreign nation of no threat to this nation in what is now viewed as a u.s./israeli/west attempt to destabilize and foment civil war in said nation. You really can no longer make stuff up that exceeds america’s tragic folly. USA #1? 40 Embarrassing Things That America Is The Best In The World At http://albertpeia.com/40badthingsusabest.htm , They Love Death http://albertpeia.com/theylovedeath.htm

For U.S., bad news on Afghanistan war continues (Washington Post) [ Yes, indeed it does; continue that is, that bad news…except for the heroin trade which is booming, a source of pride for ‘the world’s policeman’ aka the pervasively corrupt, defacto bankrupt disunited states of america, aka the clichéd quintessential ‘corrupt cop’. Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

(America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm )

Will: Those pesky things called laws (Washington Post) [ Come on Mr. Will! This is america, the ‘meaningfully lawless’ land, you’re talking about! Oh yeah, there are loads of laws; yet, even arbitrary enforcement at best is hard to come by. After all, the biggest wall street frauds in the trillions have yet to be prosecuted, et cetera, et cetera:

U.S. seeks clues in Syrian money trail (WP) [ Indeed, follow the money (trail). Sound advice, even from the depths of throats to this newspaper in times now long forgotten. Whether it’s the 360 tons of $100 bills of taxpayer funds that just disappeared in Iraq, or the proceeds of the resurgent heroin trade in Afghanistan made possible by another illegal, unnecessary war, or the cash out of the wall street frauds in the trillions made possible by FASB rule change now marking worthless paper to anything (still there, frauds still extant, despite promises still unprosecuted), campaign quid pro quo protection, and on and on. Yes, indeed follow the money; though, without a doubt, don’t hold your breath for disclosure / exposure once followed / found. This nation is pervasively corrupt, defacto bankrupt, has engaged in war crimes violative of international law, Geneva Conventions, and they’re worrying about money trails to a foreign nation of no threat to this nation in what is now viewed as a u.s./israeli/west attempt to destabilize and foment civil war in said nation. You really can no longer make stuff up that exceeds america’s tragic folly. USA #1? 40 Embarrassing Things That America Is The Best In The World At http://albertpeia.com/40badthingsusabest.htm , They Love Death http://albertpeia.com/theylovedeath.htm

Repeal ‘Stand Your Ground’ As Trayvon Martin’s death shows, such laws are a license to kill. (Washington Post) [ Well, the fact is that criminals who make neighborhood watch necessary need no licenses to kill. Indeed, this 3-24-12 robbery/murder by a black of a white store-owner who complied with all the killer’s demands and offered no resistance or provocation and complete compliance, was killed by the ‘rabid dog’ anyway. At some point rational people must say, ‘thus far and no further’! Stand your ground must stand! People should be more objective, and not base their opinions as this clearly on shades of race and inherent bias alone! UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...(WP) ‘ignore cases that involve black defendants and white victims’

Zimmerman claims Martin started confrontation, broke his nose Attorney for man who shot teen says client also suffered injuries to head; boy’s parents dispute account. (Washington Post) [ I believe Zimmerman and as well, the eyewitness to the incident. Drudgereport: COPS: Zimmerman says Trayvon decked him with one blow then began hammering his head on sidewalk...
'Suffered broken nose and had injury to back of head'...
Martin had been suspended from school for marijuana...
Black Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who do these filthy niggers think they are? ] Take a look at this nigger who kills a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of Florida teen not a racist, lawyer says...
SECRET WITNESS: Self-defense... [Witness: Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different picture than we've seen so far of what happened the night 17-year-old Trayvon Martin was shot and killed.The night of that shooting, police say there was a witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to that witness.What Sanford Police investigators have in the folder, they put together on the killing of Trayvon Martin few know about.The file now sits in the hands of the state attorney. Now that file is just weeks away from being opened to a grand jury.It shows more now about why police believed that night that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told dispatchers he was following a teen. The dispatcher told Zimmerman not to.And from that moment to the shooting, details are few.But one man's testimony could be key for the police."The guy on the bottom who had a red sweater on was yelling to me: 'help, help…and I told him to stop and I was calling 911," he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only wanted to be identified as "John," and didn't not want to be shown on camera.His statements to police were instrumental, because police backed up Zimmerman's claims, saying those screams on the 911 call are those of Zimmerman."When I got upstairs and looked down, the guy who was on top beating up the other guy, was the one laying in the grass, and I believe he was dead at that point," John said.Zimmerman says the shooting was self defense. According to information released on the Sanford city website, Zimmerman said he was going back to his SUV when he was attacked by the teen.Sanford police say Zimmerman was bloody in his face and head, and the back of his shirt was wet and had grass stains, indicating a struggle took place before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun

Former NAACP leader accuses Sharpton, Jackson of 'exploiting' Trayvon Martin...
'His family should be outraged'...
Mother seeks to trademark dead son's name …[ For what? Trayvon hoodies? ]...
Many wear hoodies as churches remember Trayvon...

Lancaster computer shop shooting suspect identified | abc7.com

http://abclocal.go.com/kabc/story?section=news/local/los_angeles&id=8594147

http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm

‘Timothy Johnson, 24, is shown in this 2007 mugshot provided by the Los Angeles County Sheriff's Department.’ (KABC Photo) Calif. (KABC) – ‘Sheriff's officials released the name of the man they say shot and killed the owner of a computer shop in Lancaster.

The suspect was identified as 24-year-old Timothy Johnson, described as being 6 feet 2 inches tall, weighing about 170 pounds with a dark complexion (negro-black) and a closely shaved head.

Detectives say Johnson reportedly entered eChaps Computers and More at 2007 W. Avenue K on Friday, shot and killed store owner Reed Lewis Keith and left with stolen electronics in hand.

Johnson reportedly fled in a black, 1980s model four-door car driven by an accomplice. Investigators said Johnson was wearing a black hooded sweatshirt and a ski mask at the time of the robbery…’

New Black Panthers Call for Vigilante Justice in Trayvon Martin Case Kurt Nimmo | “An eye for an eye, a tooth for a tooth,” declares Mikhail Muhammad, leader of the group.

Obama’s response to Fla. shooting case reveals evolution in approach to race Comments about teen’s death is deeply personal and completely universal, but avoids taking sides. (Washington Post) [ Well, it’s true that other blacks have a different idea about evolution in racial matters ( VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm ); yet, I disagree that he hasn’t taken sides. Saying the subject child would look like him seems pretty close to taking sides on the basis of color. After all, though a mulatto, one could never say that obama could ever be mistaken for white. Moreover, the context differs from other, say black on white crime which is far more prevalent, where the subject Zimmerman was trying to do, however inartfully as here, a positive thing for the neighborhood which has as throughout america been overrun with crime. http://albertpeia.com/blackonwhitecrime.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm .

'Dead or Alive' Poster Issued by New Black Panther Party... [ ‘Minority Report’ Division of Pre-Crime, Pre-Cogs say, ‘Dead or Alive – all blacks’ … whatever the outcome in the investigative process, the stark reality is that at least, unlike the blacks committing many more ‘black on white’ violent crimes, Zimmerman (and this is no endorsement – I won’t be looking at this one incident all that closely) was at least trying to do a good thing made necessary by the ever increasing number of brutal crimes committed by the black thugs in neighborhoods across the nation; then there’s somalian pirates, etc.. People domestically and internationally are suffering from black-fatigue and are totally blacked out. Oh, yeah, there are some Hollywood types who feel good about themselves having blacks around and helping blacks to help them feel better than they really are, insecure as they are, by being better than at least someone beyond fantasy. Loony george clooney is one. Dreadfully boring and with that monotone, monotonous voice and not that bright, he’s not even able to fake it on screen as an action hero (ie., batman, what a horrific miscast) wimpy pussy in reality that he is; then there’s the ‘black (sean) penn’ who cried like a baby while incarcerated for a couple of days not that long ago. The atheist jolie, so fatherly troubled as she is, has let the equally mentally troubled pitt (she’s so nutty she makes him feel somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be the closest she’s gotten to her black projects. Let them live anonomously (in disguise) with the blacks for some time for a real close look and then see what’s left of their predisposed love for the black. Then there’s the italian scallion, booby deniro; drug addled as his black wife high-tower, what a total embarrassment to Italians everywhere; even as he tried to ingratiate himself recently with blacks everywhere and particularly national embarrassment mammy michele with the embarrassing pro-black first lady remark.. [ Send the blacks back to sub-saharan Africa! ]
'BLACK BLACKS [ NOT WHITES BY BLACKS THE IMPLICATION DESPITE FACTUAL DATA TO THE CONTRARY ] ARE UNDER ATTACK [ SAYS BLACK SHAKEDOWN ARTIST JACKSON] ' [ Hold on one cotton-pickin’ minute jesse, that’s not what the facts say Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d look just like any other black. And, don’t worry about the black vote, failed president wobama the b for b***s*** will get nearly if not all, 100% of the black vote! Drudgereport: Farrakhan Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks that would have to be retaliated against based upon the hushed reality of the prevalence of black on white crime? The blacks should be careful what they wish for in playing that game because the facts don’t break in their favor. ] ...

People have become weary of making up excuses for blacks (like obama, holder, etc.). At some point, as now, people should not be timid about relating the cold, unvarnished truth statistically / factually about blacks and, ie., black on white violent crime, etc..

 From Pat Buchanan: As for racism, its ugliest manifestation is in interracial crime, and especially interracial crimes of violence. Is Barack Obama aware that while white criminals choose black victims 3 percent of the time, black criminals choose white victims 45 percent of the time? Is Barack aware that black-on-white rapes are 100 times more common than the reverse, that black-on-white robberies were 139 times as common in the first three years of this decade as the reverse? We have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned out to be hoaxes. But about the epidemic of black assaults on whites that are real, we hear nothing.

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

The reality is that blacks are an insoluble problem wherever they are. That’s not going to ever change; not make-shift/make-work jobs; not programs; not anything tried or to be tried; hence, they must be treated as exactly that – problems – before a solution can be derived and fashioned. ] [ Send the blacks, including blackbama back to sub-saharan africa! ]

Milbank: My pet Mitt (Washington Post) [Holy smokes! For a minute there I was thinking from the headline, Mr. Milbank, a baseball aficionado and player who had a favorite mitt he’d like to discuss. Nah! Somehow I can’t picture Mr. Milbank on any sports field, much less a baseball field. Then I thought, maybe a story of pet dog puppymill banks that have been getting some press of late. Couldn’t be! I’m now at the article … z.z. … named for offbeat rock group z.z. top? Eh … as they say in socal (in the Valley particularly), ‘what…ever’. But, one has to admit (no pun intended) Mr. Milbank, wobama aficionado extraordinaire is really getting desperate in literally goin’ to the dogs. As a matter of full disclosure, I’m a cat person myself. There was a time that beyond cats, I thought german shepherds, huskies, malamutes, and wolves to be ok by me among canines. Until that is: a girl I casually knew had a pure bred german shepherd of finest breeding and bloodlines with papers to prove it, which dog took a dump on the floor of my house and lapped up its own crap like it was the greatest thing since sliced bread, even licking the floor so as not to miss a drop. Among the most disgusting things I’ve ever seen in my life and by that one instance, inculcated in my mind forever. Needless to say, I never kissed, etc., that girl again and who I made sure was gone from my life forever shortly thereafter. Cats, and I’ll concede wolves, would never do that. Wobama’s kind of dog-like, incompetent failure as he is, and he’ll be as could be expected, eatin’ his own b***s*** soon; but, maybe not loving it!

Intelligence officials retain citizens’ data longer Justice Dept. approves new guidelines allowing counterterrorism agencies to keep information about U.S. residents for up to five years, even if those residents have no known connection to terrorism. ‘Drip by drip our freedoms are vanishing’ (Washington Post) [ Indeed, this is true; but, hardly unprecedented in failing, falling, regimes, nations, empires. Pen-name Tyler Durden of Zero Hedge coincidentally this day weighs in with an explanation: Guest Post: What Is President Obama So Afraid Of? Durden 3-22-12 Quietly, and with little fanfare, President Obama signed a “National Defense Resources Preparedness” Executive Order on Friday. As the name suggests, the order intends to shore up the country’s national defense resources in advance of a national emergency. To be fair, this is not the first time that such an order has been written. President Obama’s order, however, takes things much, much further.This is all playing out with nearly perfect historical precision. Time and time again throughout history as once great empires accelerated their declines, governments have taken steps to protect their interests against the people. In the past, they have imposed curfews, disarmed the population, curtailed civil liberties, and declared national emergencies, usually against some great faceless enemy from abroad who threatens their way of life. As it turns out, though, our great faceless enemy is not some mythical boogeyman living in a cave, nor some angry brown person who hates us for our freedoms… but the very people within the system who’ve taken an oath to ‘support and defend the Constitution of the United States against all enemies, foreign and domestic.’ Have you hit your breaking point yet?

NSA Boss Says Agency Does Not Monitor Your Email Kurt Nimmo | Another government bureaucrat takes us for idiots. [ Yes indeed, quite laughable. I’m speculating when I say what they might do so that in their own minds they can say the preposterous aforesaid is set up a project / op, have it classified top secret / off-grid, by way of dummy corp/straw men/cut-outs, etc., perform the monitoring function and report to NSA with high-level deniability. Regardless of machinations, the fact is they do and that’s not all they monitor; enter their cozy deal with google (I still use google almost exclusively for my web search as a matter of disclosure here). Moreover, phones (wireless and landlines, computer and digital television transmissions/views), and I also believe digital / wire financial transactions / transmissions are monitored. Echelon goes way back to the 70’s and one would be foolish to think their ‘mining’ has slowed or regressed; not that they and those whom they serve know what prudently to do with such info. http://pubrecord.org/nation/2290/revisiting-echelon-nsas . I personally believe they can view / monitor everything on your screen; and the foregoing regardless of encryption, generally, with exceptions. ]

APNewsBreak: Marine critical of Obama faces charge [ This one caught my eye. While it is true that good soldiering requires absolute discipline by definition, oaths should be taken seriously, honored, and given effect. That said, burning Qurans was the product I assume of orders reflecting even more than just stupidity; hence, whoever gave the order should pay the piper. If no order, and stupidity as with urinating on the bodies of the dead, can and should the actors be held accountable for such gross stupidity? Absolutely! However, one must be mindful of the reality that marines invariably have ‘skin in the game’ when it comes to consequences of commanders in chief incompetence, unlawful acts, poor judgment particularly as impacted by questionable mental states (arbitrarily taking the last three presidents as illustrative, viz., clinton, bush, obama certainly reflect this reality and concern coupled with the unnecessary murderous results of their actions). There has been a longstanding rebuke of the ‘just following orders’ defense accorded soldiers since particularly the nazi regime as an example. As such, Stein certainly should be lauded for saying what all soldiers should already know; namely, the unlawful detention of americans, among other constitutionally barred activities should not be among those orders they are willing to follow. The proscriptions of posse comitatus should also serve as a guide. This is particularly important given the fragile mental state of americans generally, and america’s leadership especially. No longer is it, if ever it was, true that americans can be trusted to do the right thing. In fact, quite the opposite is true. Wobama is a desperate and incompetent failure as president whose invariable breach of campaign promises is a testament to his unsuitability for the office he currently occupies; and, one can only thank Stein for recognizing what could devolve into a much more serious and devastating scenario for the nation owing to wobama’s ever increasing political desperation. Broadly and generally, murky areas as this, even involving the military, should be resolved in favor of free speech, first amendment guarantees and against censorship. Guest Post: The Ascendence Of Sociopaths In US Governance Durden 3-21-12 How did we get here? An argument can be made that miscalculation, accident, inattention and the like are why things go bad. Those elements do have a role, but it is minor. Potential catastrophe across the board can't be the result of happenstance. When things go wrong on a grand scale, it's not just bad luck or inadvertence. It's because of serious character flaws in one or many – or even all – of the players. So is there a root cause of all the problems I've cited? If we can find it, it may tell us how we personally can best respond to the problems. In this article, I'm going to argue that the US government, in particular, is being overrun by the wrong kind of person. It's a trend that's been in motion for many years but has now reached a point of no return. In other words, a type of moral rot has become so prevalent that it's institutional in nature. There is not going to be, therefore, any serious change in the direction in which the US is headed until a genuine crisis topples the existing order. Until then, the trend will accelerate. The reason is that a certain class of people – sociopaths – are now fully in control of major American institutions. Their beliefs and attitudes are insinuated throughout the economic, political, intellectual and psychological/spiritual fabric of the US.

Obama Administration Tries To Shut Down Rush Limbaugh

Paul Joseph Watson | Media Matters is a White House front group. [ Though a frequent critic of neo-con Limbaugh, I’m against any and all attempts, particularly by desperate wobama et als to shut him down based on what he’s said. ]

McCain, Lieberman, Graham on Afghanistan (Washington Post) [ I say this without even a tinge of sarcasm and as serious as serious can be. If these guys had served during the administration of the last truly great but substantially underrated President General Eisenhower, as cogs in the military industrial complex / zionists / neocons their political careers would have been over before he left office. The nation generally, and connecticut particularly should be thankful lieberman’s gone as his efforts, energies on behalf of israel have always been antithetical to the interests of both. These guys are war mongering losers and have played significant roles in bringing this nation down. (I’m not even going to get into their inapposite reference to the neo-con wet dream come true; that ‘pearl harbor’ incident they longed for, viz., 911, which served as hot-button blinders for the nation – there was advance knowledge of this op which was cheered by israeli agents on the banks of the palisades in weehawken, new jersey in full view of the imploding towers). The only area in which their admonitions ring even remotely true is as pertains to the opium/poppy/heroin trade which will continue under the auspices of the cia but without the muscle (military) necessary to sustain them long-term (see infra). Then there’s the indisputable and insurmountable defacto bankruptcy of the pervasively corrupt disunited states (note the video – 3 minutes which discusses interest costs on the debt compared to the costs of the wars-understated and doesn’t figure in deaths of soldiers and prospective medical costs of the injured). The Simple Problems Of Too Much US Debt Durden 3-20-12 http://albertpeia.com/toomuchusdebt.htm , 10 Signs That America Is On The Verge Of A Horrible Municipal Debt Crisis http://albertpeia.com/americanmunicipaldebtcrisis.htm

Paul Ryan’s dangerous budget Make no mistake: his intentionally vague plan envisions draconian cuts. (Washington Post) Editorial Board [ Truth be told, it’s really not all that often that I’m on the ‘same page’ as the Washington Post’s Editorial Board (and God knows have the utmost respect for this great Publishing Company / Newspaper and their historic defense of and respect for First Amendment, etc.) ; or, ie., Mr. Milbank, etc., who probably is on the opposite end of the political spectrum from me. Yet, I echo their concern / sentiment in commenting as follows: Ryan’s reverse Robin Hood His justification for his irresponsible budget only adds insult to injury. (Washington Post) [ I only wish Mr. Milbank hadn’t used the phrase, ‘Reverse Robin Hood’, inasmuch as this would be among those few times I’d be ‘all in’ in support of his position (which I am infra); but alas, that’s a phrase once used by the deplorable jesse jackson who is a shakedown artist with absolutely no credibility whatsoever. That said, my position is as stated in another WP comment as follows: With spending plan, House GOP renews budget clash with Obama Proposal would cut social programs and slash taxes for the rich. ‘Paul Ryan is a national hero’ (Washington Post) [ Hero? Indeed, in a nation of thieves; and, for such a nation of thieves, look no further than … pervasively corrupt, defacto bankrupt america. Yes, thieves, frauds; and, if america was just a nation of thieves, frauds and not the war mongering nation of murderers america’s proven herself to be, there might be at least some high ground upon which u.s. representatives could stand. Until the filthy rich frauds on wall street among others (everyone knows who they are) are prosecuted, jailed, fined, and disgorgement imposed, not a cent in taxes for all the rich (their compatriots, oligarchs with relatively few exceptions) nor a even a penny in programs should be cut. Unfortunately, it’s those corrupt, greedy rich oligarchs who have had their way in bringing the nation down through misdirected policy influence (ie., wars/military industrial complex, etc.), protection of huge frauds still extant (marked to anything courtesy of contraindicated legislated FASB rule change), etc. (a list too long for this comment). The time has come for all people in and outside of this nation to embrace this foregoing reality, truth. All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.--Arthur Schopenhauer

THE OBAMA DECEPTION’  http://albertpeia.com/obamadeceptionhighqualityversion.flv Does regulation really kill jobs? (Washington Post) [ Just those corruption-related ones; those organized crime, as well as disorganized crime jobs for which there’s plenty of ‘quid pro quo’, bribes, etc., to go around. Energy Dept. failed to act as Solyndra sank (WP) [ This stuff is becoming all too typical. I believe it’s time to start questioning what federal employees get paid for. After all, pervasively corrupt america is defacto bankrupt ( America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’ ) . Moreover, america’s pervasive corruption, even crimes, has become synonomous with the machinations of any number of federal agencies / departments / all branches of government (ie., DOJ – holder/fast and furious/race bias UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black defendants and white victims , Fannie / Freddie Mac , SEC destroyed documents, senator says 17 Aug 2011 ‘The Securities and Exchange Commission destroyed documents and compromised enforcement case ... Sen.Grassley “It doesn’t make sense that an agency responsible for investigations would want to get rid of potential evidence…’ Report: SEC lawyer exposed FBI informant (WP) [the sec liar (sic – lawyer) typically with a ‘pre or post’ arrangement, whether implicit or explicit; that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were murdered by mafia / organized crime [ this was documented with authority in ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ] SEC faulted over records shredding The SEC destroyed internal documents that should have been preserved as official federal records, the agency’s inspector general has found. (Washington Post) [ Oh, if it was only that, and only the SEC; and if only they did an incisive investigation of the DOJ. Sheriff: Fast and Furious Bigger Scandal Than Watergate http://www.prisonplanet.com/sheriff-fast-and-furious-bigger-scandal-than-watergate.html Paul Joseph Watson | Over two dozen Republicans call for Holder to resign. Though heavily redacted, the documents directly discuss “Operation Fast and Furious” and how it involves “trafficking firearms to Mexico”. Tuesday, November 1, 2011 . )That’s certainly my experience which comports with reality, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm

Financier Stanford is convicted on most charges (Washington Post) [ The astute people at zerohedge.com are all over this, pointing out that the biggest frauds to date (in the trillions, giving rise to the crisis, still extant and cashed out by way of legislative complicity by way of change to the FASB rule change that now marks the worthless paper to anything), by the biggest ‘players’/frauds, have yet to be prosecuted.

Allen Stanford Found Guilty Of Being Not Too Big To Fail; In Other News Jon Corzine Walking Free Durden 3-6-12

In case anyone cares:

• ALLEN STANFORD FOUND GUILTY BY FEDERAL JURY IN HOUSTON - BBG
• ALLEN STANFORD FOUND GUILTY ON 13 OF 14 CHARGES - BBG
• STANFORD CONVICTED IN $7 BILLION INVESTMENT FRAUD SCHEME - BBG

Of course, his real crime was not realizing that if you are going to get busted for ponzinomics, you better make sure everyone goes down with you. In the meantime, rejoice, sheep, for the theater of Ponzi crime and punishment continues. Then again one wonders: why are the perpetrators of the biggest Ponzi of all time, i.e., the central bankers, walking free? Or Jon Corzine for that matter?

Jon Corzine's Family Responds To Accusations Against The Patriarch Durden 3-6-12 - 14:59 MF Global Next, it is turn for the families of the thousands of people whose money was stolen by MF Global (and apparently Fabrice Tourre, since nobody at MF Global was responsible for anything... or else it just vaporized) to send in their letters.

Why insider trading probes are awkward for SEC (Washington Post) [ If only it wasn’t true that ‘where there’s a will, there’s a way’! Clearly, a lack of will and conflicts, bribes / quid pro quo, even destruction of evidence, have plagued the SEC. Yet, their’s is only the province of civil remedies with at best criminal referrals to the DOJ for prosecution; good luck with that (remember all those prosecutions promised last election time by what is now the wobama / holder doj of the still extant high level wall street frauds in the trillions…never happened - { Obama flush with financial sector cash The president has managed to raise more money this year from the sector than any GOP contender. (WP) ( So much for obama and OWS; but how ‘bout wobama and obs … yes, more ‘obama b*** s*** ! The quid pro quo … the bribe … Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud )THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , http://albertpeia.com/10mostcorruptpols.htm ) }

America’s shine is wearing off I know why we are falling into a cataclysm of debt and can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom, freedom generally did they come to these shores. A rare exception to the influx of immigrants to this young nation who turned out to be more a virus to the indigenous peoples of this land than what could have been expected from those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so positioned abroad would have represented a positive addition to the gene pool which, borrowing from an insurance term, viz., adverse selection, springs forth the notion of inevitability to the genocide of the indigenous populations while guaranteeing the decline we see throughout this foundering nation. The effects of these negative predispositions toward inherent criminality is certainly being felt globally as well as domestically and has little to recommend it. My own direct experience with the region(s) (particularly new jersey, new york, virginia, connecticut, california) carves out no exception for the prevalence of the worst of human nature; which is now collectively and pervasively americana. Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm

CRIME STATS(u.s.No.1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Bales was found liable in financial fraud For the staff sergeant held in the Afghanistan massacre, a career as a stock trader appears to have ended months after he was accused of engaging in fraud while handling the retirement account of an elderly client in Ohio. ‘A bad apple in a good bunch’ (Washington Post) [ Oh come on, let’s get real here! First, there at least was (if not still) a time in very recent memory the military {pentagon directive, much like the countermand of dumbya bush’s order to destroy the poppy fields in Afghanistan shortly after initial invasion (so much untraceable cash involved) – dumbya bush was ok with that, as with predecessor clinton and successor obama, he’d done his share of ‘blow’ (cocaine, etc.)} was recruiting known violent felons. Second, though not quite as blatant, they’re killing civilians all the time, as was true in Iraq, etc.. Inherently criminal americans generally are just not a good bunch; which includes unfortunately those involved in the very processes in law, ie., judges, prosecutors, attorneys general, etc., as well as the ubiquity in what we’ve come to know as fraudulent wall street. USA #1? 40 Embarrassing Things That America Is The Best In The World At http://albertpeia.com/40badthingsusabest.htm , They Love Death http://albertpeia.com/theylovedeath.htm . Both The Market and Government Are Irrational Paul Craig Roberts | One of the great economic myths is that markets are rational. Not a day passes without this myth being disproved scores of times, but the myth persists. [ The ‘psychological factor’ has always been a component in the valuation of securities which valuations, good or ill, collectively give rise to the ‘markets’. The mythical part is the presumption of rationality accorded the ‘market-makers’ which, despite their glaring irrationality and propensity for fraud (I’d conservatively say that wall street is comprised predominantly, I’d estimate 90%, of psycho/sociopathic personalities), is still decidedly and pathetically vis-à-vis the rest of the ‘go along to get along’ world, criminally insane wall street. . { The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal } It should be obvious by now, particularly with the advent of ubiquitous, lightning fast programmed computerization, that the markets are fraudulently manipulated in a bigger way now than ever; and, not without great cost ultimately to muppets / taxpayers like you, whether in the markets or not.They do it for the money; and, sick as they are, to be screwin’ at least someone all of the time which perversely gives them pleasure! ]

Madoff’s enduring cloud over the SEC At a House hearing on the SEC’s funding request, the specter of a con man who wasn’t caught continued to haunt the agency. (Washington Post) [ Clouds indeed! Regular noreaster! And he, but a piker by american fraud standards. More like walking on eggshells when it comes carefully navigating ‘the who got what, gave what to, did what for whom’ terrain of corruption so entrenched in america that has precluded both effective prosecution; and hence, deterrent. Why insider trading probes are awkward for SEC (Washington Post) [ If only it wasn’t true that ‘where there’s a will, there’s a way’! Clearly, a lack of will and conflicts, bribes / quid pro quo, even destruction of evidence, have plagued the SEC. Yet, their’s is only the province of civil remedies with at best criminal referrals to the DOJ for prosecution; good luck with that (remember all those prosecutions promised last election time by what is now the wobama / holder doj of the still extant high level wall street frauds in the trillions…never happened - { Obama flush with financial sector cash The president has managed to raise more money this year from the sector than any GOP contender. (WP) ( So much for obama and OWS; but how ‘bout wobama and obs … yes, more ‘obama b*** s*** ! The quid pro quo … the bribe … Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud )THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , http://albertpeia.com/10mostcorruptpols.htm ) }

Insider-trading probe targets House panel chair Rep. Bachus EXCLUSIVE | Chairman of the House Financial Services Committee is being investigated. 'This is a dog and pony show' (Washington Post) [ Yeah! And he’s both the dog and the pony. As for the paulson meeting and denial of ‘inside information’, one can only say for certain, giving bachus the temporary but unlikely benefit of the doubt, that paulson should be in jail for what they did for their buds at goldman et als. And dern it, as a wine man by definition, how else is he going to afford the finest vintages and bacchanalian rituals? Yet, one must agree that they’re already pretty well overpaid http://albertpeia.com/govemployeeretirement.jpg . Well, I guess there’s a little Geckoish (‘Wall Street’, Oliver Stone) wall street ‘greed is good’ in all capital hill / government connected reps.

Soldier accused in Afghan rampage identified Staff Sgt. Robert Bales, who had not wanted to deploy to Afghanistan after being injured in Iraq, watched a comrade lose his leg in an explosion just hours before he allegedly killed 16 Afghan civilians, his lawyer says. ‘This is just sad and tragic all the way around’ (Washington Post) [ ‘Sad and tragic all the way around’. Indeed! So easy and magnanimous a thing to say, and so cathartic. Yet, let us not kid ourselves. It’s far more sad and tragic for the innocent civilian men, women, and children who were murdered as they slept by what is more typical domestically and internationally of the quintessential american mental case though few are want to admit this unstated truth.

Krauthammer: Obama’s oil flimflam (Washington Post) [[Well, I don’t know about the various drilling sites mentioned except for the Keystone project for which there was no sound excuse for not proceeding given the dire condition of the nation and in balancing the equities, positives verses negatives. Yet, I’ve seen enough fraud and frauds in pervasively corrupt, defacto bankrupt america to know a con / flim flam man when I see one, and obama is indeed that. White House steps up attack on Republicans With speeches, documentary on what administration considers to be its most significant achievements, Obama camp moves fully into reelection mode. ‘Obama’s pitch is not inspiring’ [ Come on! The wobama camp’s propaganda campaign is an absolute insult to intelligence. After all, basic math and common sense lead ineluctably to the inevitable conclusion that the nation’s been had by wobama the b***s***ing con man who promised the rational last campaign, did the irrational in breaking those rational promises, has obfuscated and attempted to cover up his failure by huge, contraindicated increases in deficit spending for which the nation and the people will pay in a very big way down the road, while benefiting himself and the familiar few, including the frauds on wall street who remain unprosecuted for their prior crisis inducing huge fraud still extant with complicit legislative help in the form of FASB rule change enabling toxic, worthless paper assets to be marked to anything they choose while cashing out good money for ‘the bad’. The uneconomic, fiscally imprudent make-shift election year jobs are a fraud on the electorate with mainstream media complicity in misrepresenting reality by their unending refrains of ‘happy days are here again’. They’re counting at S&P, albeit with somewhat of a soft touch:

Karzai calls for U.S. troops to retreat to bases President Karzai is demanding that foreign troops in Afghanistan to retreat from villages and confine themselves to large NATO bases. Taliban announces that it is suspending preliminary peace talks with the U.S. ‘Control the controllable. Leave today.’ (Washington Post) [ Call it by whatever misnomer you will; viz, mission, strategy, etc., the reality is that this destructive, nation-bankrupting debacle is, for all ‘practical’ (actually as impractical as could even be imagined) purposes, over! It’s all downhill from here and there’s nothing that can change that!

Ignatius: How to end the Afghan mission (Washington Post) [ What mission? Someone please tell me! Is it to bankrupt america? Is the mission to become numero uno in the opium / heroin? Is it to engender anti-american sentiment globally? If any of the foregoing characterize the mission, I’d say ‘mission accomplished’! Milbank: Gravestones tell story of two wars (Washington Post) [ I’d say more correctly that gravestones tell the story of all wars. The difference in these two wars referenced by Mr. Milbank is that both were unnecessary. Yes, sad but true; they died for nothing; for no good reason whatsoever which reasons include the paranoid zionist neo-con and israeli mental cases, the military industrial complex (would never have happened under the great but substantially underrated President General Eisenhower), political considerations (diversion from the central problems confronting the nation), money, greed, drug trade preeiminence (money/greed), etc.. Yes, the story that they tell is one of dying for all the wrong reasons; of dying for nothing! Panetta arrives in Afghanistan; pledges setbacks will not alter strategy U.S. likely to stay on course despite strong public reaction to Koran burnings and deaths of 16 civilians. (Washington Post) [ Strategy? What strategy? Ignatius: How to end the Afghan mission (Washington Post) [ What mission? Someone please tell me! Is it to bankrupt america? Is the mission to become numero uno in the opium / heroin? Is it to engender anti-american sentiment globally? If any of the foregoing characterize the mission, I’d say ‘mission accomplished’! For U.S., bad news on Afghanistan war continues (Washington Post) [ Yes, indeed it does; continue that is, that bad news…except for the heroin trade which is booming, a source of pride for ‘the world’s policeman’ aka the pervasively corrupt, defacto bankrupt disunited states of america, aka the clichéd quintessential ‘corrupt cop’.

For U.S., bad news on Afghanistan war continues (Washington Post) [ Yes, indeed it does; continue that is, that bad news…except for the heroin trade which is booming, a source of pride for ‘the world’s policeman’ aka the pervasively corrupt, defacto bankrupt disunited states of america, aka the clichéd quintessential ‘corrupt cop’. Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

(America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm )

Will: Those pesky things called laws (Washington Post) [ Come on Mr. Will! This is america, the ‘meaningfully lawless’ land, you’re talking about! Oh yeah, there are loads of laws; yet, even arbitrary enforcement at best is hard to come by. After all, the biggest wall street frauds in the trillions have yet to be prosecuted, et cetera, et cetera:

U.S. seeks clues in Syrian money trail (WP) [ Indeed, follow the money (trail). Sound advice, even from the depths of throats to this newspaper in times now long forgotten. Whether it’s the 360 tons of $100 bills of taxpayer funds that just disappeared in Iraq, or the proceeds of the resurgent heroin trade in Afghanistan made possible by another illegal, unnecessary war, or the cash out of the wall street frauds in the trillions made possible by FASB rule change now marking worthless paper to anything (still there, frauds still extant, despite promises still unprosecuted), campaign quid pro quo protection, and on and on. Yes, indeed follow the money; though, without a doubt, don’t hold your breath for disclosure / exposure once followed / found. This nation is pervasively corrupt, defacto bankrupt, has engaged in war crimes violative of international law, Geneva Conventions, and they’re worrying about money trails to a foreign nation of no threat to this nation in what is now viewed as a u.s./israeli/west attempt to destabilize and foment civil war in said nation. You really can no longer make stuff up that exceeds america’s tragic folly. USA #1? 40 Embarrassing Things That America Is The Best In The World At http://albertpeia.com/40badthingsusabest.htm , They Love Death http://albertpeia.com/theylovedeath.htm

Madoff’s enduring cloud over the SEC At a House hearing on the SEC’s funding request, the specter of a con man who wasn’t caught continued to haunt the agency. (Washington Post) [ Clouds indeed! Regular noreaster! And he, but a piker by american fraud standards. More like walking on eggshells when it comes carefully navigating ‘the who got what, gave what to, did what for whom’ terrain of corruption so entrenched in america that has precluded both effective prosecution; and hence, deterrent. Why insider trading probes are awkward for SEC (Washington Post) [ If only it wasn’t true that ‘where there’s a will, there’s a way’! Clearly, a lack of will and conflicts, bribes / quid pro quo, even destruction of evidence, have plagued the SEC. Yet, their’s is only the province of civil remedies with at best criminal referrals to the DOJ for prosecution; good luck with that (remember all those prosecutions promised last election time by what is now the wobama / holder doj of the still extant high level wall street frauds in the trillions…never happened - { Obama flush with financial sector cash The president has managed to raise more money this year from the sector than any GOP contender. (WP) ( So much for obama and OWS; but how ‘bout wobama and obs … yes, more ‘obama b*** s*** ! The quid pro quo … the bribe … Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud )THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , http://albertpeia.com/10mostcorruptpols.htm ) }

Insider-trading probe targets House panel chair Rep. Bachus EXCLUSIVE | Chairman of the House Financial Services Committee is being investigated. 'This is a dog and pony show' (Washington Post) [ Yeah! And he’s both the dog and the pony. As for the paulson meeting and denial of ‘inside information’, one can only say for certain, giving bachus the temporary but unlikely benefit of the doubt, that paulson should be in jail for what they did for their buds at goldman et als. And dern it, as a wine man by definition, how else is he going to afford the finest vintages and bacchanalian rituals? Yet, one must agree that they’re already pretty well overpaid http://albertpeia.com/govemployeeretirement.jpg . Well, I guess there’s a little Geckoish (‘Wall Street’, Oliver Stone) wall street ‘greed is good’ in all capital hill / government connected reps.

THE OBAMA DECEPTION’  http://albertpeia.com/obamadeceptionhighqualityversion.flv Does regulation really kill jobs? (Washington Post) [ Just those corruption-related ones; those organized crime, as well as disorganized crime jobs for which there’s plenty of ‘quid pro quo’, bribes, etc., to go around. Energy Dept. failed to act as Solyndra sank (WP) [ This stuff is becoming all too typical. I believe it’s time to start questioning what federal employees get paid for. After all, pervasively corrupt america is defacto bankrupt ( America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’ ) . Moreover, america’s pervasive corruption, even crimes, has become synonomous with the machinations of any number of federal agencies / departments / all branches of government (ie., DOJ – holder/fast and furious/race bias UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black defendants and white victims , Fannie / Freddie Mac , SEC destroyed documents, senator says 17 Aug 2011 ‘The Securities and Exchange Commission destroyed documents and compromised enforcement case ... Sen.Grassley “It doesn’t make sense that an agency responsible for investigations would want to get rid of potential evidence…’ Report: SEC lawyer exposed FBI informant (WP) [the sec liar (sic – lawyer) typically with a ‘pre or post’ arrangement, whether implicit or explicit; that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were murdered by mafia / organized crime [ this was documented with authority in ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ] SEC faulted over records shredding The SEC destroyed internal documents that should have been preserved as official federal records, the agency’s inspector general has found. (Washington Post) [ Oh, if it was only that, and only the SEC; and if only they did an incisive investigation of the DOJ. Sheriff: Fast and Furious Bigger Scandal Than Watergate http://www.prisonplanet.com/sheriff-fast-and-furious-bigger-scandal-than-watergate.html Paul Joseph Watson | Over two dozen Republicans call for Holder to resign. Though heavily redacted, the documents directly discuss “Operation Fast and Furious” and how it involves “trafficking firearms to Mexico”. Tuesday, November 1, 2011 . )That’s certainly my experience which comports with reality, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm

Financier Stanford is convicted on most charges (Washington Post) [ The astute people at zerohedge.com are all over this, pointing out that the biggest frauds to date (in the trillions, giving rise to the crisis, still extant and cashed out by way of legislative complicity by way of change to the FASB rule change that now marks the worthless paper to anything), by the biggest ‘players’/frauds, have yet to be prosecuted.

Allen Stanford Found Guilty Of Being Not Too Big To Fail; In Other News Jon Corzine Walking Free Durden 3-6-12

In case anyone cares:

• ALLEN STANFORD FOUND GUILTY BY FEDERAL JURY IN HOUSTON - BBG
• ALLEN STANFORD FOUND GUILTY ON 13 OF 14 CHARGES - BBG
• STANFORD CONVICTED IN $7 BILLION INVESTMENT FRAUD SCHEME - BBG

Of course, his real crime was not realizing that if you are going to get busted for ponzinomics, you better make sure everyone goes down with you. In the meantime, rejoice, sheep, for the theater of Ponzi crime and punishment continues. Then again one wonders: why are the perpetrators of the biggest Ponzi of all time, i.e., the central bankers, walking free? Or Jon Corzine for that matter?

Jon Corzine's Family Responds To Accusations Against The Patriarch Durden 3-6-12 - 14:59 MF Global Next, it is turn for the families of the thousands of people whose money was stolen by MF Global (and apparently Fabrice Tourre, since nobody at MF Global was responsible for anything... or else it just vaporized) to send in their letters.

Why insider trading probes are awkward for SEC (Washington Post) [ If only it wasn’t true that ‘where there’s a will, there’s a way’! Clearly, a lack of will and conflicts, bribes / quid pro quo, even destruction of evidence, have plagued the SEC. Yet, their’s is only the province of civil remedies with at best criminal referrals to the DOJ for prosecution; good luck with that (remember all those prosecutions promised last election time by what is now the wobama / holder doj of the still extant high level wall street frauds in the trillions…never happened - { Obama flush with financial sector cash The president has managed to raise more money this year from the sector than any GOP contender. (WP) ( So much for obama and OWS; but how ‘bout wobama and obs … yes, more ‘obama b*** s*** ! The quid pro quo … the bribe … Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud )THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , http://albertpeia.com/10mostcorruptpols.htm ) }

Insider-trading probe targets House panel chair Rep. Bachus EXCLUSIVE | Chairman of the House Financial Services Committee is being investigated. 'This is a dog and pony show' (Washington Post) [ Yeah! And he’s both the dog and the pony. As for the paulson meeting and denial of ‘inside information’, one can only say for certain, giving bachus the temporary but unlikely benefit of the doubt, that paulson should be in jail for what they did for their buds at goldman et als. And dern it, as a wine man by definition, how else is he going to afford the finest vintages and bacchanalian rituals? Yet, one must agree that they’re already pretty well overpaid http://albertpeia.com/govemployeeretirement.jpg . Well, I guess there’s a little Geckoish (‘Wall Street’, Oliver Stone) wall street ‘greed is good’ in all capital hill / government connected reps.

Obama vs. Israel Priority No. 1? Stop Israel (Washington Post) [ It’s always so disappointing to see one as intelligent as Mr. Krauthammer to be so in lockstep with the beligerant war crimes nation israel (THE POSSESSOR OF 300+ ILLEGAL NUKES NO DOUBT TARGETING IRAN AMONG OTHER NATIONS). On facts and intellect, Mr. Krauthammer’s position is indefensible. Actually, wobama gets points for rationality here; and, as indicated by Mr. Krauthammer’s colleague, Mr. Robinson, Mitt Romney’s position is little different, being more rational than, ie., that senile old war mongering dog mccain whose best days, if any, are long since done, among other neo-cons, national bankrupters, nation destroyers, killers for no good reason, etc. (They Love Death http://albertpeia.com/theylovedeath.htm)... Respond to , ie., Pat Buchanan: Pat Buchanan: 300 nukes in Israel yet Iran a threat? RT | Islamic wars have brought questionable benefit to the US over the last 20 years, former US presidential advisor Pat Buchanan, author of Suicide of a Superpower, shared with RT. http://albertpeia.com/16reasonswhyonlyfoolssupportswaragainstIran.htm Would You Support a War Against Iran If You Knew the True Facts? Then there’s also, from israel’s perspective, ‘the Oedipal Effect’. AIPAC beats the drums of war From speaker after speaker, intimations that a clash is coming — and probably soon. (Washington Post) [ How totally pathetic for pervasively corrupt, defacto bankrupt america. James Forrestal’s worst fears realized. This wouldn’t have ever happened under the wise auspices of the great but substantially underrated President General Eisenhower! How destructive and self-destructive americans have become. In 1948, U.S. Secretary of Defense James Forrestal, an opponent of the creation of a Jewish state in Palestine, warned that, even though failure to go along with the Zionists might cost President Truman the states of New York, Pennsylvania, and California, it was about time that somebody should pay some consideration to whether we might not lose the United States!… , Panetta: Israel must negotiate with Palestine

The US clearly needs a more domestic focus:

USA #1? 40 Embarrassing Things That America Is The Best In The World At http://albertpeia.com/40badthingsusabest.htm

Noose tightens around Iranian oil Tehran may be profiting now with high prices, but E.U., U.S. measures pinch even before they take effect. (Washington Post) [ Ah, riiiiight! They call this the defacto bankrupt eu/u.s. pro-zionist/israeli gambit; also known more familiarly as, how to hang yourself (nation) in one easy lesson. In years to come, this strategy will be compared to the circular firing squad that places the target in the center and opens fire repeatedly until all the ‘marksmen’ are dead. SHIPPING CEO: Iran Could Send Oil To $440/Barrel Business Insider | The scariest Iran scenario yet comes from Bob Bandos, CEO of marine logistics and services company GAC North America. ,

According To Reuters, Soaring Energy Prices Are A Good Thing Durden 3-4-12 When it comes to reporting the news, Reuters ability to get the scoop first may only be rivaled by its ability to "spin" analysis in a way that will make a normal thinking person's head spin.  Such as the following piece of unrivaled headscrathing titled "The good news behind oil prices" whose conclusion, as some may have already guessed, is that "the surge in crude oil is looking more like a harbinger of better days." Let's go through the arguments.

You Cannot Build a Strong Economy or a Bull Market on Fudged Numbers and Lipstick March 5, 2012 By gpc1981 http://gainspainscapital.com ‘Let’s say that you just spent a large sum, to the tune of several trillion Dollars, bailing out various businesses that were literally run into insolvency by shortsighted and greedy business practices.

Ron Paul: "I Think Sanctions Give Iran Motivation To Want A Nuclear Weapon" Durden 3-4-12 There are those who say that while they agree completely with Ron Paul's economic policy of fixing the #1 issue that ails America (as a reminder, total US debt/GDP would only decline under a Ron Paul presidency) they disagree with Paul on his foreign policy. We wonder why when all he does is instead of appealing to the jingoism of warmongers and patronizing the basest of herd instincts, he simply tells the truth. Such as on Today's State of the Union show on CNN when asked if Obama has done "enough" to force Iran to stop its nuclear development via sanctions and others, his reply was spot on: "I think he gets too much involved. I think sanctions gives the motivation for them to want a nuclear weapon. We have 45 bases around them, we can demolish them within hours. And the worst thing the sanctions do, and Republicans and Democrats both support it and the other GOP candidates want war even more, the whole thing is there is a lot of dissension in Iran and we should encourage it by not interfering, once we get involve and threaten to bomb them, it becomes nationalistic - everyone joins the Ayataollah and Ahmedinejad. So there is a blowback - unusual circumstances and unintended consequences. So yes, our people are well-intended, but they don't realize how much damage they do by not accomplishing what they want and causing more harm to us. So our military personnel right now are very adamant not to be involved in a bombing of Iran, it makes no sense whatsoever to our military personnel, to the CIA, even though they are much more interventionist than I am."

The Post’s View Unresolved differences on Iran Editorial Board U.S. and Israel both seek — but don’t find — reassurance. (Washington Post) [ Differences indeed! Whether Palestine, Gaza, or any other issue involving war crimes nation, illegal nuke totin’ israel, as long as the israelis are screwin’ someone, it’s ok; hence, ie., no resolution (solution) even when there are u.n. resolutions (242, 338, etc.). It is no small wonder therefore, that talk of final solution in nazi germany brought literally, cheers throughout even the rest of the world, even beyond the discernible nazi borders. At some point, people refuse to bend over and there’s blowback! U.S. client ‘rogue’ state israel has in excess of 300 illegal nukes, targeted no-doubt at Iran among other nations (from stolen american nuke technology, no less, along with more recent ‘improvements’). Gerson: Containment won’t work with Iran (Washington Post) [ Indeed! Because, there’s nothing to see here other than that typical, irrational, paranoid, pro-israeli, zionist/neo-con, military industrial complex b***s*** ! israelis seem resigned to Iran strike (Washington Post) [ I think Pat Buchanan just said it best: Pat Buchanan: 300 nukes in Israel yet Iran a threat? RT | Islamic wars have brought questionable benefit to the US over the last 20 years, former US presidential advisor Pat Buchanan, author of Suicide of a Superpower, shared with … http://albertpeia.com/16reasonswhyonlyfoolssupportswaragainstIran.htm Would You Support a War Against Iran If You Knew the True Facts? And, a u.s. General weighs in: Gen. Dempsey: Iran rational actor, not after nukes Press TV | General described any Israeli attack on Iran as “destabilizing.”

Would You Support an Iran War If … : George Washington : 02/22/2012

http://albertpeia.com/16reasonswhyonlyfoolssupportswaragainstIran.htm

Would You Support a War Against Iran If You Knew the True Facts?

Would you support a war against Iran if you knew that:

• Iran has one of the largest Jewish populations in the world, and the second-largest in the Middle East behind Israel

• Jews are protected by the Iranian constitution, and are guaranteed seats in the Iranian parliament

• The CIA admits that the U.S. overthrew the moderate, suit-and-tie-wearing, Democratically-elected prime minister of Iran in 1953. He was overthrown because he had nationalized Iran's oil, which had previously been controlled by BP and other Western oil companies. As part of that action, the CIA admits that it hired Iranians to pose as Communists and stage bombings in Iran in order to turn the country against its prime minister

• If the U.S. hadn't overthrown the moderate Iranian government, the fundamentalist Mullahs would have never taken over. (Moreover, the U.S. has had a large hand in strengthening radical Islam in the Middle East by supporting radicals to fight the Soviets and others)

• The U.S. armed and supported Iraq after it invaded Iran and engaged in a long, bloody war which included the use of chemical weapons. Here is former Secretary of Defense Donald Rumsfeld meeting with Saddam Hussein in the 1980's, several months after Saddam had used chemical weapons in a massacre:

• The U.S. has been claiming for more than 30 years that Iran was on the verge of nuclear capability

• The U.S. helped fund Iran's nuclear program

• The U.S. has been actively planning regime change in Iran - and throughout the oil-rich Middle East and North Africa - for 20 years

• The decision to threaten to bomb Iran was made before 9/11

• America and Israel both support a group designated by the U.S. as a terrorist organization which is trying to overthrow the Iranian government

• Top American and Israeli military and intelligence officials say that Iran has not decided to build a nuclear bomb

• Top American and Israeli military and intelligence officials say that - even if Iran did build a nuclear bomb - it would not be that dangerous, because Israel and America have so many more nukes. And see this

• American military and intelligence chiefs say that attacking Iran would only speed up its development of nuclear weapons, empower its hardliners, and undermine the chance for democratic reform

• The people pushing for war against Iran are the same people who pushed for war against Iraq, and said it would be a "cakewalk". See this and this

• Well-known economist Nouriel Roubini says that attacking Iran would lead to global recession. The IMF says that Iran cutting off oil supplies could raise crude prices 30%. War with Iran would kill the American economy. And see this and this

• China and Russia have warned that attacking Iran could lead to World War III

Russia: Israeli attack on Iran will bring catastrophe REUTERS | After UN nuclear watchdog declares collapse in talks with Tehran, Russian FM says military action would have dangerous consequences.

25 Signs That America Is Rapidly Becoming More Like Nazi Germany The American Dream http://albertpeia.com/25signsamericabecominglikenazigermany.htm

Gen. Dempsey: Iran rational actor, not after nukes Press TV | General described any Israeli attack on Iran as “destabilizing.”

Pat Buchanan: 300 nukes in Israel yet Iran a threat? RT | Islamic wars have brought questionable benefit to the US over the last 20 years, former US presidential advisor Pat Buchanan, author of Suicide of a Superpower, shared with RT. http://albertpeia.com/16reasonswhyonlyfoolssupportswaragainstIran.htm Would You Support a War Against Iran If You Knew the True Facts?

5 Reasons Iran is NOT a Threat to the U.S. Michael Edwards | Iran is next unless the American people stop living in fear of manufactured threats.

Torture Architect Argues For Indefinite Detention of Americans Paul Joseph Watson | ACLU: “Nothing short of chilling”.

Holder To Justify Killing Americans On Foreign Soil

Paul Joseph Watson | Obama administration firms up support for state-sponsored assassination.

These are typical sick, paranoid, war mongering mental cases. How can anyone be surprised at the pathetic state of the world with the ‘inmates running the asylum’?

Netanyahu Has Made Up His Mind to Attack Iran

Kurt Nimmo | Propaganda war edges toward Israeli attack on Iran’s imaginary nukes.

Senior American Official: Israel Has Already Decided to Attack Iran

Moriches Daily | The decision has already been made by the Israeli government to attack Iran’s nuclear facilities.

NATO Invasion Of Syria Set For This Month?

Paul Joseph Watson | NATO powers arm Al-Qaeda in pursuit of regime change.

Senator McCain Calls for Bombing Syria

Kurt Nimmo | Similar bombing raids under identical pretense were used in Libya.

NATO Invasion Of Syria Set For This Month?

Paul Joseph Watson | NATO powers arm Al-Qaeda in pursuit of regime change.

Netanyahu to Obama: Israel ‘reserves the right’ to strike

Washington Free Beacon | Netanyahu pushed back against the administration’s repeated attempts to dissuade Israel from attacking Iran.

Ron Paul To Israel “It Doesn’t Make Any Sense To Attack A Country That’s No Threat To ANYONE!”

CNN | Ron Paul appears on CNN’s State Of The Union and speaks about his foreign policy.

Obama’s Ineligibility Shocker, His Enemies Hit List & More with Dr. Jerome Corsi

Prisonplanet.com | Alex welcomes author and leading birth certificate researcher Jerome Corsi to unveil the latest information on the shadow war for leading up to the 2012 elections.

Hill Poll: Voters say no to aid for Syrian rebels and US attack on Iran

The Hill | Most likely voters don’t think the United States should get involved in Syria despite the worsening crisis there, according to a new poll for The Hill.

Escobar: Putin not part of NWO, labelled evil by elites RT | Asia Times correspondent Pepe Escobar in Thailand says that despite the Russian people making their choice clear, the U.S. is still on a mission to vilify the country…

Is China already No. 1? (Washington Post) [ That may be so and for sound reasons. But, america will still be No.1 in the following areas if not in our hearts and minds. USA #1? 40 Embarrassing Things That America Is The Best In The World At http://albertpeia.com/40badthingsusabest.htm

USA #1? 40 Embarrassing Things That America Is The Best In The World At http://endoftheamericandream.com ‘Is the USA still #1?  Well, there are many things that America is still the best in the world at, but unfortunately a lot of those categories are nothing to be proud of.  Once upon a time the United States was the greatest nation on earth, but now we are a nation that is in a horrific state of decline.  Just consider a few of the embarrassing things that America leads the world in: obesity, crime, divorce, teen pregnancy, child abuse deaths and government debt.  The statistics that you are about to read below are incredibly disturbing.  Most people that write these kinds of articles about the decline of America hate this country.  But that is not the case with me.  I was born and raised in America and I love this nation deeply.  It is time to realize that we will never be able to start fixing our problems until we take a really good look in the mirror and realize just how far we have fallen.  America is not the country that it once was.  America is a complete and total mess and just "tweaking" a few things here and there is not going to return this nation to its former glory.  We have forgotten the things that once made us great, and if we do not return to them we will continue to fall apart as a nation.

With that being said, the following are 40 embarrassing things that America is the best in the world at....

#1 America has the highest incarceration rate and the largest total prison population in the entire world by a good margin.

#2 There are more car thefts in the United States than anywhere else in the world by far.

#3 Of all the major industrialized nations, America is the most obese.  Mexico is #2.

#4 The average American drinks more than 600 sodas a year - the most in the world.

#5 U.S. corporations sell more fast food and more soda than anyone else in the world by a wide margin.

#6 Nobody watches more television per week (28 hours) than Americans do.  Although to be honest, people living in the UK are tied with us.

#7 The United States leads the world in credit card fraud.

#8 The United States has the highest percentage of one person households on the entire planet.

#9 The United States has the highest divorce rate in the world by a good margin.

#10 The United States has the highest teen pregnancy rate in the world by far.

#11 There are more school shootings in America than anywhere else in the world.

#12 The United States has the highest child abuse death rate in the world.

#13 There are more "deaths by reptile" in America than anywhere else in the world.

#14 The United States has the most lawyers per capita in the entire world.

#15 The United States produces more pornography than any other nation in the world.

#16 Americans take more prescription drugs than anyone else in the world.

#17 More is spent on prescription drug advertising in America than anywhere else in the world.

#18 The percentage of women taking antidepressants in America is higher than in any other country in the world.

#19 More people have been diagnosed with mental disorders in America than anywhere else on earth.

#20 The United States has the highest rate of illegal drug use on the entire globe.

#21 There is more credit card debt in America than anywhere else in the world.

#22 There is more mortgage debt in America than anywhere else in the world.

#23 There is more student loan debt in America than anywhere else in the world.

#24 The United States spends more money on government schools than any other nation on earth does.

#25 U.S. citizens spend more time in school than anyone else in the world.  So why are so many of us dumb as a rock?

#26 Nobody in the world gets more plastic surgery done than Americans do.

#27 The United States leads the world in eating disorder deaths.

#28 According to nationmaster.com, the United States has the most total reported crimes in the world by far.

#29 Nobody has more airport security thugs groping women and children than America does.

#30 The United States spends much more on health care as a percentage of GDP than any other nation on the face of the earth.

#31 The United States has the most complicated tax system on the entire planet.

#32 The United States has the most laws on the entire planet.

#33 The United States spends more on the military than the next 12 nations combined, and yet the Obama administration is considering plans to unilaterally slash the size of the U.S. nuclear arsenal by up to 80 percent.

#34 The United States has the most foreign military bases in the world by far.

#35 The United States exports more arms to other countries than anyone else in the world.

#36 Americans spend more time sitting in traffic than anyone else in the world.

#37 Americans spend more money on elections than anyone else does in the world by a very wide margin.

#38 Every single year, the United States has the largest trade deficit in the world by far.

#39 The U.S. government wastes more money than any other government on earth does.

#40 The United States has accumulated the biggest mountain of government debt in the history of the world.

So is the USA #1?

Unfortunately, the answer way too often is yes.

The goal of this list of embarrassing things is not to trash America.

Rather, the goal is to wake Americans up and to get them to realize what has happened to us.

We should be deeply humbled and embarrassed as a nation.  We were once the best in the world and the envy of the entire globe, but now the whole world is laughing at us.

America is supposed to be a beacon of liberty, freedom and prosperity for the entire planet.

Instead, we are rapidly turning into a horror show.

Wake up America.  The condition of our country is absolutely shameful, and every single day it gets even worse.

Please share this list with as many people as you can.  The American people need a massive wake up call, and it is up to those of us that are awake to share the truth while we still can.’

They Love Death http://albertpeia.com/theylovedeath.htm

The Post’s View A tear for Putin’s Russia Editorial Board He reclaims a country that is no longer so sure about him. (Washington Post) [ A tear? How about a cheer … for Putin’s Russia. No longer sure about him? Indeed, if they listen to the western press among other ‘anti-Russia’ propaganda outlets / disseminators. Suffice it to say, much to the chagrin of america / israel / Russia’s enemies, whether knowingly or not, or just plain oblivious to the threat, by electing Putin, Russia has just dodged a major ‘bullet’ in a very big way! 3-15-12 There was mention of Russia’s intent regard a manned moon mission to which I respond to such if intended by the historically great nation of Russia: Bon voyage! Good luck! Godspeed!

Putin wins election amid fraud complaints (Washington Post) [ Oh come on! Those complaints were coming no matter what. Indeed, the u.s. led (much like that in the Mid-East, one way or another; ie., Iraq, Libya, etc.) efforts to unseat ‘The Great Vladimir Putin’ have failed (believe me, they are seething with envy and resentment for Russia’s good fortune prospectively), which is a testament to the intelligence and survival instincts of an historically great nation that has stood the test of time. Yet, I truly believe there are those in Russia herself who quite foolishly fail to see and appreciate this reality and the formerly substantial but still extant threat from without. Moreover, I further posite that almost without exception there’s substantial fraud / skullduggery in virtually every venue at every level, municipal, state, federal of near every american election (coincidentally, on the tv news ‘shock’ was reported that some local official would receive $272,000 equivalent pension for life, exceeding even the outrageously high salary of that worker – as in every crime, the motive, local, state, federal). Who's congratulating Putin? (FP)(Editors)[ I am! Congratulations President Putin!

Escobar: Putin not part of NWO, labelled evil by elites RT | Asia Times correspondent Pepe Escobar in Thailand says that despite the Russian people making their choice clear, the U.S. is still on a mission to vilify the country…

Five myths about Vladimir Putin (Washington Post) [ Much like many of problems globally, from strife to economic / financial fraud / instability, the myths are of particularly american and western origin; and, a consequence of their seething envy of and resentment toward this talented, great leader of an historically great nation.

Pressing the Putin regime Editorial Board The Magnitsky bill will allow U.S. to push Russia on human rights. (Washington Post) [ How ‘bout pressing the ‘criminal american regime’. The examples of american criminality domestically and internationally are legion. From war crimes, to illegal wars based on lies, to substantial ongoing involvement in the illegal drug trade (even giving rise to war, infra), to substantial protected frauds in the trillions at the expense of the majority (of ‘poor slobs’, their view) domestically and internationally, the list goes on and on. Historically, thieves by nature, american criminality exceeds that of all nations/people by so wide a margin that the same defies comparison (the coverups would increase even those huge numbers in leaps and bounds – see infra). Everybody knows what mainstream media’s complicitly covered up for decades. I personally ‘view’ mainstream for the ‘pictures’ (visual) and news of the character of what they want you to be hearing, seeing, etc., and of course, quite separately, films. The grim reality of the real america is so sordid and despicable that’s it’s no small wonder the government’s spent decades infiltrating, concentrating, and then controlling with their fellow oligarchs the ‘news fit to be seen and heard’. The envy of america for nations that have stood the test of time is overwhelming, and Russia is foremost among them. Meaningfully lawless america fears a great leader as President Putin (yes, President and they all know it, are seething with envy and resent it) because there is no such equal or parallel in america since President General Eisenhower who never took any crap from those nefarious elements who now control the empty office of the u.s. presidency, including as he warned of, that military industrial complex, and any other monied interest, ie., wall street banksters, etc.. A nation in decline, americans only think they have such rights so long as they’re but a doormat for the pervasively corrupt american regime who unscrupulously abide by no law which was true of this fallen nation ab initio, but particularly egregious in these last decades. So, editorial board, try to be relevant domestically before delving into areas that are clearly the priority of others in their homelands. To see americans talking human rights when engaging in illegal wars for profit, drugs, budget allotments, etc., despite defacto bankruptcy of the nation, while engaging in torture, other violations of the Geneva Conventions, evinces propagandized mindlessness and is pathetic. So, if you want to do something for humanity, press the criminal american regime. I personally don’t think you have either the saavy smarts nor the courage to do so! That’s why profits for mainstream news orgs are down. I’d also recommend focusing on the lawless u.s. client state israel; maybe a story or two on their 300+ illegal nukes (with stolen american nuke technology I would add). After all, those numerous Iran stories are counter-productive to highlighting reality. Do something useful, meaningful; press the ‘criminal american regime’. Show some courage, integrity! The world’s watching, but not holdiong their breath.

25 Signs That America Is Rapidly Becoming More Like Nazi Germany The American Dream http://albertpeia.com/25signsamericabecominglikenazigermany.htm

Gen. Dempsey: Iran rational actor, not after nukes Press TV | General described any Israeli attack on Iran as “destabilizing.”

Pat Buchanan: 300 nukes in Israel yet Iran a threat? RT | Islamic wars have brought questionable benefit to the US over the last 20 years, former US presidential advisor Pat Buchanan, author of Suicide of a Superpower, shared with RT. http://albertpeia.com/16reasonswhyonlyfoolssupportswaragainstIran.htm Would You Support a War Against Iran If You Knew the True Facts?

5 Reasons Iran is NOT a Threat to the U.S. Michael Edwards | Iran is next unless the American people stop living in fear of manufactured threats.

Torture Architect Argues For Indefinite Detention of Americans Paul Joseph Watson | ACLU: “Nothing short of chilling”.

Extremist for the wealthy Romney’s “gaffes” reveal his radical views. (Washington Post) [ Yes, indeed; and, the trump endorsement didn’t help at all; that glitzy ‘gold (plated) this and gold that’; the corruption that only money can buy; and, even more inside the story involves mobsters that typify america today that includes those cash-rich elements that having an inside track with federal judges (sister maryanne, alito, etc.) who can set the illegal ‘legal scenario’ yields enough value for quid pro quo, bribes, etc., which corruption is pervasive in america and plays a huge part in the nation’s unmistakable decline. Yet, the reality is that that defacto wobama, that is, wobama in fact has proven little different despite past and present rhetoric.

The Fix : 2012 Republicans kiss Trump's ring 2012 Republicans are kissing Donald Trump’s ring. But why? Posted by Aaron Blake (Washington Post) [ Why indeed! Yet, it would be amazing if only it wasn’t a testament to america’s unmistakable, ineluctable decline and fall by virtually every criterion by which a nation/state is measured. My direct personal experience, with extremely few exceptions, is that there’s very little difference between the u.s. government and organized crime. That’s reality, not hopium!

( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime  Washington’s Blog ) (America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm ) ‘When they’re losing, they can afford to be principled’ says corrupt mobster trump regarding the snubbing of his ‘less than moderation’ of an upcoming debate in Iowa by the remaining principled GOP contenders. In reality, it’s actually ‘when you’re winning, you can afford to be principled’. But, in trump’s corrupt, sordid, sinkhole habitat, the former is indeed his truth. If you’re principled, you’re losing in trump’s rather surreal unreality. After all, pervasively corrupt and unprincipled america is indeed losing; and, big-time at that. That trump is a megalomaniac, a narcissist, and, yes … a loser, there is no question. Indeed, anyone who ‘wins’ unfairly (corruption, etc.) at others expense (ie., himself, the frauds on wall street, etc.) is a loser. Unfortunately, such modus operandi, including that which is criminal, has been accorded protection and respect in defacto bankrupt america, much like the ‘protected’ (bribes, etc.) common drug dealer (america, see infra), pimp, etc.. Then there’s the endearing (to a dumbed down american public) hype! That cloyingly cutesy ‘the donald’ routine is nauseating; but, that’s the natural, visible concomitant to a nation in ineluctable decline! On a positive note, megalomaniac trump will not be able to retread the path of his role model / idol Adolf Hitler as head of state. He’s really quite a joke when you think about it; and a mentally ill one at that; ask Steve Wynn, he’ll tell you, he’s already said it.

‘Pizza with palin’, ‘town hall of fame with Bachmann’, trump purports to be at least ‘alcohol free’ (the alleged cause – I don’t think so – of mobster trump’s elder brother’s suicide); but is he ‘med-free’? … there must be something to account for his madness (he’s a psychopath who used to play Hitler speeches for inspiration).

Trump to moderate GOP debate This won’t end well. (Washington Post) [ Goes without saying… of all people to choose … Why not Jerry Springer?… ‘Non-celebrity Apprentice’, the new reality show, as in who scratches whose back for favors down the road, as in quid pro quo, as in trump’s continued ‘graduation’ from commonly mob connected, to new york/new jersey politically sordid sinkholes, to now failed washingtonian … ‘establishment’? Hasn’t trump’s rise coincided with the nation’s decline / demise? I’ve seen the corruption first hand! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime  Washington’s Blog / the grim economic reality   [  http://albertpeia.com/grimreality.htm

CRIME STATS(u.s.No.1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

THE OBAMA DECEPTION’  http://albertpeia.com/obamadeceptionhighqualityversion.flv Does regulation really kill jobs? (Washington Post) [ Just those corruption-related ones; those organized crime, as well as disorganized crime jobs for which there’s plenty of ‘quid pro quo’, bribes, etc., to go around. Energy Dept. failed to act as Solyndra sank (WP) [ This stuff is becoming all too typical. I believe it’s time to start questioning what federal employees get paid for. After all, pervasively corrupt america is defacto bankrupt ( America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’ ) . Moreover, america’s pervasive corruption, even crimes, has become synonomous with the machinations of any number of federal agencies / departments / all branches of government (ie., DOJ – holder/fast and furious/race bias UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black defendants and white victims , Fannie / Freddie Mac , SEC destroyed documents, senator says 17 Aug 2011 ‘The Securities and Exchange Commission destroyed documents and compromised enforcement case ... Sen.Grassley “It doesn’t make sense that an agency responsible for investigations would want to get rid of potential evidence…’ Report: SEC lawyer exposed FBI informant (WP) [the sec liar (sic – lawyer) typically with a ‘pre or post’ arrangement, whether implicit or explicit; that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were murdered by mafia / organized crime [ this was documented with authority in ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ] SEC faulted over records shredding The SEC destroyed internal documents that should have been preserved as official federal records, the agency’s inspector general has found. (Washington Post) [ Oh, if it was only that, and only the SEC; and if only they did an incisive investigation of the DOJ. Sheriff: Fast and Furious Bigger Scandal Than Watergate http://www.prisonplanet.com/sheriff-fast-and-furious-bigger-scandal-than-watergate.html Paul Joseph Watson | Over two dozen Republicans call for Holder to resign. Though heavily redacted, the documents directly discuss “Operation Fast and Furious” and how it involves “trafficking firearms to Mexico”. Tuesday, November 1, 2011 . )That’s certainly my experience which comports with reality, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf

Romney’s money problem His nomination may be near, but his routine is getting a bit rich. (Washington Post) [ Yet another of those ‘aw come on wobama lover Mr. Milbank moments’. I mean really. Wobama’s are as ‘rich’, and disingenuous at best to say otherwise, and his routine, namely b***s***, is past ‘getting old’. After all, wobama can’t run on his clear record of failure as bush failure 3 with what turns out as before, b***s*** alone. The problem is that there’s nothing that can be said of the republican offerings (except Ron Paul) for which it can’t be said of wobama that he’s been there, done that in contravention of all prior campaign promises, to the substantial detriment of the nation. Even his new ‘displacement’ as chief of staff’s a ‘wall street inside man’ (Drudgereport: FLASHBACK: Daley planned to leave AFTER election... , Michelle (a black) distressed about power of 'white Irish Catholic'... , New Obama Chief of Staff: Former Hedge Fund Exec at CITI, Made Money off Mortgage Defaults... (even Castro’s correct on this obvous point regarding the duplicitous wobama ) Castro: 'Robot' better than Obama, Republicans... . Obama missing the mark on defense? President Obama’s defense strategy — and the assumptions underlying it — need a closer look. (Washington Post) [ I really don’t know what the editorial board really is; but that’s the only reason I’m commenting here (on this one) given their most recent, shocking ‘contributions’ to the discourse. First, let’s begin with a fundamental reality; viz., america is hopelessly and insurmountably defacto bankrupt (34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://theeconomiccollapseblog.com ‘We have all been lied to.  For decades, the leaders of both major political parties have promised us that they can fix our current system and that they can get our national debt under control.  As the 2012 election approaches, they are making all kinds of wild promises once again.  Well you know what?  It is all a giant sham.  The United States has gotten into so much debt that there will be no coming back from this.  The current system is irretrievably broken… Professor Laurence J. Kotlikoff, the U.S. is facing a "fiscal gap" of over 200 trillion dollars in the future.  The following is a brief excerpt from a recent article that he did for CNN...The government's total indebtedness -- its fiscal gap -- now stands at $211 trillion.. The fiscal gap is the difference, measured in present value, between all projected future spending obligations -- including our huge defense expenditures and massive entitlement programs, as well as making interest and principal payments on the official debt -- and all projected future taxes…#33 If you add up all forms of debt in the United States (government, business and consumer), it comes to more than 56 trillion dollars.  That is more than $683,000 per family…). Second, I’d like to know how these unaffordably expensive military industrial complex (warned against by the great but substantially underrated President General Eisenhower) welfare programs have succeeded in accomplishing anything but the defacto bankruptcy of this nation, created fortunes for the war profiteering few, while fomenting (justifiable) anti-american sentiment globally (that ‘destructive thing’ that rational people abhor). Third, $489 billion in cuts over 10 years (however ‘sold’, ie., ‘new strategy’) is nothing relative to the enormity and insurmountability of the nation’s debt. What need’s a closer look is not so much the ‘new strategy’; but rather that failed abhorrent old strategy, however repackaged, and those who made it. After all, it doesn’t matter so much what they say, as it does what they do. A glaring example is the ‘war on drugs’ given america’s unequivocal involvement in same (infra). As for wobama missing the mark on defense, there isn’t anything whatsoever that wobama hasn’t missed the mark on. Obama flush with financial sector cash The president has managed to raise more money this year from the sector than any GOP contender. (WP) [ So much for obama and OWS; but how ‘bout wobama and obs … yes, more ‘obama b*** s*** ! The quid pro quo … the bribe … Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud )THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , http://albertpeia.com/10mostcorruptpols.htm Role as political insider in Washington made Rick Santorum a millionaireAfter losing reelection bid in 2006, he capitalized on experience with a profitable career on K Street. (Washington Post) [ As such, the same salvos levied against slimy newt are aposite here and reiterated. Yet, I’m still non-plused by santorum equating same-sex marriage (as a heterosexual myself I can’t say that I’m wild about that idea) with polygamy (truth be told it could be easy for me to picture being wild about that idea). I haven’t yet looked closely at santorum, candidly speaking; and, know him only by his contraindicated and preposterous ‘soundbites’ in defense of nation-bankrupting neo-con geopolitics (wars) and have previously referred to him as a ‘lightweight’ thereby.

Santorum looks to beat back perceptions Former senator from Pennsylvania does not plan to abandon Christian rhetoric or shoestring campaign, but he is being forced to shift his strategy to counter perceptions that he is obsessed with controversial social issues. ‘He has painted himself into extreme right corner’ (Washington Post) [ What perceptions? That he’s against higher taxes (who’s not given their wasteful bipartisan spending and the undeniable defacto bankruptcy of the nation); yet, consistent with the bipartisan mindset, hasn’t seen an unnecessary war he didn’t like? Reality counts!

Santorum’s failed pander His false and snobbish attack on the president. (Washington Post) [ Failed? Not really, since it was always his destiny as with his role model, ‘Big John’ to be the one holding up that broken column to prevent collapse, and save the others … just kidding … Santorum releases federal tax returns showing sharp rise in personal wealth GOP candidate stresses his coal-mining background, but personal finances tell another story. (Washington Post) [ From beyond, it’s Jimmy Dean, is that sweet rick he’s singin’ of? ‘Every morning at the mine you could see him arrive, stood 5’11” and weighed 187, kind of narrow at the shoulders and wider at the hips, somewhat resembling Seinfeld you couldn’t mistake those lips of big rick, big rick, big ri__ck, you’re a d***, big bad rick’ ….. Not really! The only tunnel he’s worked in is the one under capital hill that leads to the treasured capital hill money for nothing. There’s only so much drain without value added that a nation can stand. Then again, trump really hurt romeney! Yet, whomever it’s to be is facing the most failed, incompetent, and typically corrupt presidents in american history, such as it has been miswritten. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , http://albertpeia.com/10mostcorruptpols.htm . To the Jimmy Dean sausage grinder for ‘big bad rick’!

Obama budget takes aim at Wall StreetThe president’s plan calls for a bank tax twice as big as the one he proposed last year, a sign he wants to make anti-Wall Street sentiment a signature of his campaign. (Washington Post) [ Takes aim at wall street? If only he could shoot straight! Indeed, prosecutions (including fines and disgorgement) of the multitude of wall street frauds in the trillions at the highest levels as promised last time around would yield far more revenue than that being bandied about, assuming arguendo, a real chance for passage of such a tax.

Price tag rises for Wall Street bailout Cost of bailout is rising, so Obama administration plans to seek more money from proposed bank tax. Obama budget takes aim at Wall Street Trading probe: Tale from a bygone era Insider-trading probe of House committee chairman evokes memories of 19th-century scandal. (Washington Post) [ Indeed it does! And, as a consequence of the wall street favored fed ‘plan(s)’, incuding current QE’s sub rosa, the costs of everything are rising faster despite the obfuscation and spin. There are no free lunches and the piper must be paid, sooner as opposed to much more costly later.

Why insider trading probes are awkward for SEC (Washington Post) [ If only it wasn’t true that ‘where there’s a will, there’s a way’! Clearly, a lack of will and conflicts, bribes / quid pro quo, even destruction of evidence, have plagued the SEC. Yet, their’s is only the province of civil remedies with at best criminal referrals to the DOJ for prosecution; good luck with that (remember all those prosecutions promised last election time by what is now the wobama / holder doj of the still extant high level wall street frauds in the trillions…never happened - { Obama flush with financial sector cash The president has managed to raise more money this year from the sector than any GOP contender. (WP) ( So much for obama and OWS; but how ‘bout wobama and obs … yes, more ‘obama b*** s*** ! The quid pro quo … the bribe … Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud )THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , http://albertpeia.com/10mostcorruptpols.htm ) }

Insider-trading probe targets House panel chair Rep. Bachus EXCLUSIVE | Chairman of the House Financial Services Committee is being investigated. 'This is a dog and pony show' (Washington Post) [ Yeah! And he’s both the dog and the pony. As for the paulson meeting and denial of ‘inside information’, one can only say for certain, giving bachus the temporary but unlikely benefit of the doubt, that paulson should be in jail for what they did for their buds at goldman et als. And dern it, as a wine man by definition, how else is he going to afford the finest vintages and bacchanalian rituals? Yet, one must agree that they’re already pretty well overpaid http://albertpeia.com/govemployeeretirement.jpg . Well, I guess there’s a little Geckoish (‘Wall Street’, Oliver Stone) wall street ‘greed is good’ in all capital hill / government connected reps.

THE OBAMA DECEPTION’  http://albertpeia.com/obamadeceptionhighqualityversion.flv Does regulation really kill jobs? (Washington Post) [ Just those corruption-related ones; those organized crime, as well as disorganized crime jobs for which there’s plenty of ‘quid pro quo’, bribes, etc., to go around. Energy Dept. failed to act as Solyndra sank (WP) [ This stuff is becoming all too typical. I believe it’s time to start questioning what federal employees get paid for. After all, pervasively corrupt america is defacto bankrupt ( America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’ ) . Moreover, america’s pervasive corruption, even crimes, has become synonomous with the machinations of any number of federal agencies / departments / all branches of government (ie., DOJ – holder/fast and furious/race bias UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black defendants and white victims , Fannie / Freddie Mac , SEC destroyed documents, senator says 17 Aug 2011 ‘The Securities and Exchange Commission destroyed documents and compromised enforcement case ... Sen.Grassley “It doesn’t make sense that an agency responsible for investigations would want to get rid of potential evidence…’ Report: SEC lawyer exposed FBI informant (WP) [the sec liar (sic – lawyer) typically with a ‘pre or post’ arrangement, whether implicit or explicit; that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were murdered by mafia / organized crime [ this was documented with authority in ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ] SEC faulted over records shredding The SEC destroyed internal documents that should have been preserved as official federal records, the agency’s inspector general has found. (Washington Post) [ Oh, if it was only that, and only the SEC; and if only they did an incisive investigation of the DOJ. Sheriff: Fast and Furious Bigger Scandal Than Watergate http://www.prisonplanet.com/sheriff-fast-and-furious-bigger-scandal-than-watergate.html Paul Joseph Watson | Over two dozen Republicans call for Holder to resign. Though heavily redacted, the documents directly discuss “Operation Fast and Furious” and how it involves “trafficking firearms to Mexico”. Tuesday, November 1, 2011 . )That’s certainly my experience which comports with reality, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm

Ignatius: American history’s greatest flip-flop (Washington Post) [ That’s only if you can be certain of what’s been flipped; and, sifting through the obfuscation and propaganda, what’s really flopped in terms of so-called ‘american history’.

The Gospel according to Obama The president’s contradictory theologies. (Washington Post) [ Oh come on, Mr. Krauthammer! Who’s still counting? Wobama’s total jive-talking b***s***! I mean, count the ways! There’s absolutely no end to his jive! Who’s still buyin’ / believin’? Fools and other ‘tools’?

The Post’s View The Senate didn’t do enough to stop insider trading Editorial Board There’s still too much ambiguity on rules covering lawmakers. (Washington Post) [ So much for nobody being above the law! I quite agree that absolutely no ambiguity; indeed, no ‘wiggle room’ whatsoever should be countenanced in this ‘legislation’. Actually, an outright ban would be a more ‘cut and dry’ approach and desirable. Objections? Don’t run for office if you don’t like the rule. After all, Washington politics has strayed a long way from being a ‘public service sacrifice’ to rather an extravagantly accoutered, very costly to the public, but lucrative end in itself; and worse, regardless of results (the fiefdoms seem to be self-perpetuating). Yet, it still comes down to the meaningfulness of the laws, particularly relative to arbitrary enforcement; and, for those who believe the ‘courts’ will apply those laws as written and intended, I’m constrained to say from direct experience: ‘You don’t get out much!’ http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm

Meyerson: Out-of-touch Republicans (Washington Post) [ Oh! Riiiiight! It’s just those dern republicans; since, every 4 years the dems (and wobama) are all ears (that’s literally and figuratively). Not that anything of substance actually comes of their being all ears, but we should be grateful they’re listening despite that being precisely what they’re supposed to be doing along with the action consistent therewith.

Republicans in fantasy land Wednesday’s debate presented a party adrift from reality. (Washington Post) [ This article refers to republicans only. Now who’s in fantasy land … Mr. Hiatt. The embrace of fantasy economically, fiscally, financially, politically, geo-politically is truly a bi-partisan undertaking. See chart: http://albertpeia.com/debtpercapita.jpg . Here’s some bi-partisan u.s. debt reality: http://albertpeia.com/34shockingfactsaboutusdebt.htm . National debt will likely swell under top GOP hopefuls’ plans, report shows Analysis finds Ron Paul’s tax plan is the exception and would slice about $2 trillion from future borrowing. (Washington Post) [ Nothing could match the swelling seen under wobama the b for b***s***, particularly while in ‘election year mode’. At this point, who’s counting? Swelling indeed! The nation’s now one big hematoma of insurmountable debt! The growing deficit? It’s not as bad as it looks. Modern Monetary Theory, which asserts that budget shortfalls are actually good for the economy, is gaining popularity. If accepted by policymakers, this unorthodox take on financial strategy could affect everything from job creation to the price of goods to the tax code. (Washington Post) [ Not as bad as it looks? Yeah! It’s worse! When I saw this headline juxtapsed with Dylan, immediately apropo to the moment was ‘Blowin’ (in the) Wind’ by Bob Dylan. How totally preposterous; not that it is totally unexpected that such spin, defense of the indefensible is inevitible inasmuch as, prudent or not, like it or not, that’s the way it is in a very big way. So big in fact, that it is literally insurmountable leading to Weimar over-printing of fiat paper currency of unprecedented historical proportion which has already required ‘cover stories’/obfuscation for the consequent ratcheting of food / energy prices, etc., with other costs soon to catch up with incomes statements as these higher prices will not be favorably received nor successfully passed on.

Obama looks to tame U.S. debt Spending plan would pump nearly $500 billion into new construction projects over the next decade. (Washington Post) [ Tame u.s. debt … Yes indeed, by more record level spending … Sounds like a plan! Well, you know the drill; it’s an election year and it takes money ( that’s not really there, and no, not to make money ) to if not get elected, to enable an argument that, though contraindicated, you should be elected. I think we’ve passed the ‘fool me twice, shame on me’ threshold. Obama Revises CBO Deficit Forecast, Predicts 110% Debt-To-GDP By End Of 2013, Worse Deficit In 2012 Than 2011 Durden , Ben Bernanke FTMFW Quote Of The Day Durden And the winner is... BERNANKE: HOUSING MAY NO LONGER BE VIEWED AS SECURE INVESTMENT … Here are some other pearls of ‘is dumb’ from helicopter ben b.s. shalom bernanke : http://albertpeia.com/30bunglebenbernankequotes.htm , How much has Obama added to debt? OPINION | The amount he’s actually responsible for adding to the deficit is difficult to calculate. (Washington Post) [ Well, when you’re dealing with debased, over-printed fiat currency and insurmountable debt levels, the precise amount of debt added on his watch matters less than the fact that he’s increased america’s debt by an amount in excess of the total amounts of all the nations’ presidents since Eisenhower combined. (34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://theeconomiccollapseblog.com http://albertpeia.com/34shockingfactsaboutusdebt.htm ‘We have all been lied to.  For decades, the leaders of both major political parties have promised us that they can fix our current system and that they can get our national debt under control.  As the 2012 election approaches, they are making all kinds of wild promises once again.  Well you know what?  It is all a giant sham.  The United States has gotten into so much debt that there will be no coming back from this.  The current system is irretrievably broken… Professor Laurence J. Kotlikoff, the U.S. is facing a "fiscal gap" of over 200 trillion dollars in the future.  The following is a brief excerpt from a recent article that he did for CNN...The government's total indebtedness -- its fiscal gap -- now stands at $211 trillion.. The fiscal gap is the difference, measured in present value, between all projected future spending obligations -- including our huge defense expenditures and massive entitlement programs, as well as making interest and principal payments on the official debt -- and all projected future taxes…#33 If you add up all forms of debt in the United States (government, business and consumer), it comes to more than 56 trillion dollars.  That is more than $683,000 per family…).

Milbank: Burning bridges in Washington (Washington Post) [ Burning bridges? What, London bridge is falling down? (Actually, in a manner of speaking it is: George Osborne: UK has run out of money London Telegraph | The Government ‘has run out of money’ and cannot afford debt-fuelled tax cuts or extra spending, George Osborne has admitted.) Oh, sure; this, from wobama aficionado Mr. Milbank. And, despite spending more than all the presidents since Eisenhower combined, wobama cannot obfuscate, manipulate, mask his complete and utter failure and for once in his life must be held accountable for even his own words (b***s***): ‘… “The president said three years ago that if he couldn’t turn this around in three years, then this would be a one-term proposition. Well, Republican governors are deciding it’s time to collect. It’s time for a new president.” A third governor, Nikki Haley of South Carolina, piled on. “It was frustrating to see that he once again was finger-pointing at everyone else, and we don’t have that luxury,” she said, instructing the president: “Enough of the talk.” You’d literally have to go back to Jimmy Carter’s years in the White House, back in the 1970s, to match the liberal ideology, to match the incompetence.” Virginia Gov. Bob McDonnell proposed a remedy …’ . After all, if he had but done what he said he would do upon which he campaigned and was elected, though still dire, the nation’s predicament would have been substantially improved. Moreover, if he had done as promised, whatever the outcome, he could not have been faulted as he so fittingly does deserve to be so now.

Gallup: Obama's favorability lowest of any nominee since Bob Dole (Washington Post) [ There’s absolutely no surprise here! The only real surprise is that his favorability isn’t substantially lower. After all, the cost of maintaining even this near record low favorability is unprecedented record high spending exacerbating pervasively corrupt, defacto bankrupt’s america’s already insurmountable debt level disaster. Obama Economists Admit: 'Stimulus' Cost $278,000 per Job... , Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United States of America while Barack Obama is President.  The evidence is overwhelming:  everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed.  Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each.  Nearly 2-1/2 million fewer Americans have jobs than before the stimulus… Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.  He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW.  His broken campaign promises are too numerous to list.  At some point, his statute of limitations on blaming Bush runs out…’

A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm
Any financial system that is based on debt is doomed to fail.  Today, we are living in the greatest debt bubble that the world has ever seen, and if all of a sudden people could not use credit to buy things our economy would immediately ground to a halt.  Unfortunately, no debt bubble can last forever.  When this current debt bubble finally bursts, faith in the financial system is going to disappear, credit is going to freeze up and there is going to be a massive wave of bank failures.

10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm

55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm

In Obama’s export push, clash of U.S. interests That collision has been evident in the U.S. airline industry, where policies that aided Boeing forced another American company, Delta, to lose business. Experts say the approach by Obama, who is visiting a Boeing plant today, forces him to pick winners and losers. ‘Service sector cannot and should not lead our economy’ (Washington Post) [ Ramping up the rhetoric; or rather, the b***s***, which is what wobama does best though his actions and inactions since last campaign mode belie his words. First, there isn’t enough real capital in the world to sustain america’s debt burden, and, the over-printed fiat paper weimar dollar currency will be ‘paid for’ by ‘all’. Second, even assuming, arguendo, the absence of the foregoing insurmountable burden / obstacle, there simply is not enough capital in the world to retransition what’s been decades in the making overseas with modern plants and equipment there, now here, much less being profitable to do so. Too little, too late for wobama the b for b***s*** whose actions have consistently belied his words, and who has literally further insurmountably bankrupted the nation with excessively costly and uneconomic window-dressed numbers. For example, taxpayers should get a share of the GM profits since they’re paying for them, ie., { to pad stats - Drudgereport: Obama Economists Admit: 'Stimulus' Cost $278,000 per Job... } and those unaffordably costly cars { to pad sales - Drudgereport (on Government Motors): REPORT: Chevy Volt Costing Taxpayers Up to $250K Per Vehicle... CAVUTO: Volt sales inflated with taxpayer fleet buys... } Is the unemployment rate misleading? WONKBLOG | Some point out that it doesn’t count those who’ve given up looking for work. (Washington Post) [ Duh! Ya think? I don’t even buy their raw numbers; and, even if, arguendo, their raw numbers real, they are election year expedient at best for ‘reporting purposes’ and uneconomic, overcostly, and very, very temporary http://albertpeia.com/governmentfraudulentemploymentstats.htm . White House was warned about Solyndra layoffs E-mails show Energy Dept. asked firm in October 2010 to delay news of layoffs until after midterm vote. (Washington Post) [ Those unaffordably costly jobs and those unaffordably costly military industrial complex welfare programs . The ‘so-called improvement’? At what cost for election appearances only? ***? Milbank: Obama’s budget games He avoided anything resembling a serious proposal. (Washington Post) [ I’m totally astounded! I really am! I even checked / refreshed to see if this was a print / display error! Praise the Lord! It’s true! Criticism of his much-loved wobama! Even pinched myself to see if I was dreaming. Who woulda think it? Tough love? I’d say we’ll happily take any criticism of wobama by Mr. Milbank as welcomed and nothing short of a monumental breakthrough, whatever the reason. But indeed Mr. Milbank’s quite right and the context is surely typical wobama election-year b***s***!

Tax policy for manufacturing jobs — carrots or sticks? When it comes to U.S. manufacturing jobs, more Americans support the punishment than the enticement. (Washington Post) [ Oh yeah! That all sounds great, election year and all. But, not even on paper. You can’t unring the bell. Moreover, even if you could ‘unring the bell’, like retooling, there’s time and expense. Structurally, even if america wasn’t defacto bankrupt, who’d bear the costs of such incentives which would have to be so huge so as to be prohibitive (the wage cost disparity). In other words, any such policy would require as we’ve already seen government subsidies that are literally unsustainable and otherwise uneconomic in terms of generating profits / surplus. Then there’s the fed’s pro wall street, crowding out effect - 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful

$200 Oil Coming As Central Banks Go CTRL+P Happy Durden 2-24-12 We have been saying it for weeks, and today even the WSJ jumped on the bandwagon: the sole reason why crude prices are surging (RIP European profit margins: with EUR Brent at a record, we can only assume the ECB will pull a 2011 and hike rates in 3-4 months even as it pumps trillions in PIIGS, banks bailout liquidity) - is because global liquidity has risen by $2 trillion in a few short months, on the most epic shadow liquidity tsunami launched in history in lieu of QE3 (discussed extensively here in our words, but here are JPM's). Luckily, the market is finally waking up to this, and just as world central banks were preparing to offset deflation, they will instead have to deal with spiking inflation, because the market may have a short memory, it can remember what happened just about this time in 2011. And the problem is that when it comes to the inflation trade, the market, unlike in most other instances, can be fast - blazing fast, at anticipating what the central planning collective's next step will be, after all there is only one. And if Bank of America is correct, that next step could well lead to the same unprecedented economic catastrophe that we saw back in 2008, only worse: $200 oil. Note - this is completely independent of what happens in Iran, and is 100% dependent on what happens in the 3rd subbasement of the Marriner Eccles building. Throw in an Iran war and all bets are off. Needless to say, an epic deflationary shock will need to follow immediately, just as in 2008, which means that, in keeping with the tradition of being 6-9 months ahead of the market, our question today is - which bank will be 2012's sacrificial Lehman to set off the latest and greatest deflationary collapse and send crude plunging to $30 just after it hits $200.

$10 Trillion In 2 years - 'Over' Abundant Liquidity And Expectations Durden 2-24-12 A funny thing happened while we all waited for the Fed to announce QE3. The rest of the world did it for them. Courtesy of Bloomberg's excellent Economics Brief, and the n'th time, here is what a multi-trillion dollar liquidity expansion looks like even with the Fed running silent. And this is also what $10 trillion in 2 years pumped into the markets looks like. Wonder where the market gets its "spring step" from? Now you know. Thank you Economist PhD's!

Karen Santorum: Presidential run is 'God's will' (Washington Post) [ The place they call Heaven to Karen Santorum: News Flash – God has more important things and worlds to attend to … Further News Flash – Though not popular fare among rationalizers … Look around you, worldwide. Clearly, the world where the Christ was brutally crucified (it would happen again and again here) is certainly not God’s favorite, euphemistically speaking … Final News Flash – No, the Christ was not sent here by God to be brutally murdered / sacrificed like some animal in some pagan ritual for the sake of some primitive species evolved from initially notochords, primitive chordates, and relatively more recently primitive apes. Summary Conclusion: Decades at best, people don’t flatter yourselves; in earthly vernacular, God doesn’t give a flyingf*** about this, or any other election. Deceivers all (look at all the pervasive frauds, deceptions embraced by so many), do not deceive yourselves. http://albertpeia.com/anthroindex1.htm

Gerson: Containment won’t work with Iran (Washington Post) [ Indeed! Because, there’s nothing to see here other than that typical, irrational, paranoid, pro-israeli, zionist/neo-con, military industrial complex b***s*** ! israelis seem resigned to Iran strike (Washington Post) [ I think Pat Buchanan just said it best: Pat Buchanan: 300 nukes in Israel yet Iran a threat? RT | Islamic wars have brought questionable benefit to the US over the last 20 years, former US presidential advisor Pat Buchanan, author of Suicide of a Superpower, shared with … http://albertpeia.com/16reasonswhyonlyfoolssupportswaragainstIran.htm Would You Support a War Against Iran If You Knew the True Facts? And, a u.s. General weighs in: Gen. Dempsey: Iran rational actor, not after nukes Press TV | General described any Israeli attack on Iran as “destabilizing.”

Would You Support an Iran War If … : George Washington : 02/22/2012

http://albertpeia.com/16reasonswhyonlyfoolssupportswaragainstIran.htm

Would You Support a War Against Iran If You Knew the True Facts?

Would you support a war against Iran if you knew that:

• Iran has one of the largest Jewish populations in the world, and the second-largest in the Middle East behind Israel

• Jews are protected by the Iranian constitution, and are guaranteed seats in the Iranian parliament

• The CIA admits that the U.S. overthrew the moderate, suit-and-tie-wearing, Democratically-elected prime minister of Iran in 1953. He was overthrown because he had nationalized Iran's oil, which had previously been controlled by BP and other Western oil companies. As part of that action, the CIA admits that it hired Iranians to pose as Communists and stage bombings in Iran in order to turn the country against its prime minister

• If the U.S. hadn't overthrown the moderate Iranian government, the fundamentalist Mullahs would have never taken over. (Moreover, the U.S. has had a large hand in strengthening radical Islam in the Middle East by supporting radicals to fight the Soviets and others)

• The U.S. armed and supported Iraq after it invaded Iran and engaged in a long, bloody war which included the use of chemical weapons. Here is former Secretary of Defense Donald Rumsfeld meeting with Saddam Hussein in the 1980's, several months after Saddam had used chemical weapons in a massacre:

• The U.S. has been claiming for more than 30 years that Iran was on the verge of nuclear capability

• The U.S. helped fund Iran's nuclear program

• The U.S. has been actively planning regime change in Iran - and throughout the oil-rich Middle East and North Africa - for 20 years

• The decision to threaten to bomb Iran was made before 9/11

• America and Israel both support a group designated by the U.S. as a terrorist organization which is trying to overthrow the Iranian government

• Top American and Israeli military and intelligence officials say that Iran has not decided to build a nuclear bomb

• Top American and Israeli military and intelligence officials say that - even if Iran did build a nuclear bomb - it would not be that dangerous, because Israel and America have so many more nukes. And see this

• American military and intelligence chiefs say that attacking Iran would only speed up its development of nuclear weapons, empower its hardliners, and undermine the chance for democratic reform

• The people pushing for war against Iran are the same people who pushed for war against Iraq, and said it would be a "cakewalk". See this and this

• Well-known economist Nouriel Roubini says that attacking Iran would lead to global recession. The IMF says that Iran cutting off oil supplies could raise crude prices 30%. War with Iran would kill the American economy. And see this and this

• China and Russia have warned that attacking Iran could lead to World War III

Russia: Israeli attack on Iran will bring catastrophe REUTERS | After UN nuclear watchdog declares collapse in talks with Tehran, Russian FM says military action would have dangerous consequences.

US Embassy In Afghanistan In Lockdown After Being Targeted By Angry Protesters CNN | Hundreds have forced the US embassy in Kabul into lockdown.

Rogers: Mitt does well, Newt is a zombie (Washington Post) [ I disagree with Mr. Roger’s characterization. Slimy newty, with his abundant visceral beauty, is not a zombie; but rather, should be more accurately characterized as ….. a mooney – sing it for the slimy newt - Newty left his heart, in Southeastern Oceanus Procellarum, a beautiful crater on his full moon, known by view Earth Side-Equatorial Region, Sector E-2 ( Source: The Full Moon Atlas™ ) … Yes newty, it ain’t san fransisco, as you long for its far greater beauty - Hey, you gotta admit, shortly after his moon beam base bomb, SNL had an hilarious skit regarding same; and when you make SNL’s classic comedic skit genre in such a big way in consummate fashion, you just know his days of serious consideration were numbered and over.

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

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

http://albertpeia.com/obamadeceptionhighqualityversion.flv

Putin unleashes wave of anti-American sentiment ahead of March elections Can U.S.-Russian relations withstand damage from attacks that have gotten more aggressive? (Washington Post) [ One can hardly expect a great leader of a great nation as Russia (yes, it is President Putin) to roll over and bend over for a pervasively corrupt, defacto bankrupt, meaningfully lawless nation as america surely is. The question always boils down to the ultimate cost of better relations with the u.s.. For indigenous populations and foreign nations that have tested the waters of ‘better relations with america’, the outcomes have been fatal (Iraq, Libya, etc., to name a recent few). I personally am constrained to sound and be accused of being ‘anti-american’ (not really, but by their spin certainly) by standing for my rights in property and constitutionally and resisting the costly corruption by the lawless oligarchs presiding over america’s declining / falling destiny today. The vast majority of americans this day are being irrevocably screwed by the u.s. government which is for the sake of current obfuscation bankrupting all in futurity. The corruption is real in america, at the highest levels of all branches of the u.s. government, and I’ve seen this first hand. Then there’s the illegal wars based on lies, war for the sake of heroin production (Afghanistan), and the list goes on (Panama, etc.). http://albertpeia.com/fbimartinezcongallard.htm Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , http://albertpeia.com/10mostcorruptpols.htm

Vladimir Putin: My vision for a better Russia (Washington Post) [ I certainly agree that Putin is a man of vision and a great leader of an historically great nation with a long, rich history. Moreover, as he astutely points out, candidates’ worthless promises have the hollow ring we see epitomized by the jive-talker wobama. As Russia made the transition passing through that oligarchical stage as mentioned, america has devolved into an oligarchy for which there are no meaningfully enforced laws / rules and for which this parasitic, symbiotically venal interaction between elements of all branches of the u.s. government and the oligarchs (ie., wall street, etc.) has been destructive domestically (ie., the national drain of corruption on k street, huge frauds, etc.) and globally (the military industrial complex, wars, etc.). The story of america’s rather brief history, beyond the propaganda, is, in a nutshell, one of ‘taking without asking’, without regard to meaningful law, common decency, or morality. The taking includes lives, property, and most recently, liberty (as manifested in various nefarious, self-created problems for which they provide ‘the solution’; ie., encroachments on speech, etc.).

Ter·ror·ist (Noun): Anyone Who Disagrees with the Government : George Washington : 02/08/2012 - 01:03 Any American Who Criticizes the Government May Be Labeled a Terrorist

Obama’s Signing Statement on NDAA: I have the power to detain Americans… but I won’t Infowars | “I want to clarify that my Administration will not authorize the indefinite military detention without trial of American citizens.” [ Who could possibly be foolish enough to believe even one word from jive-talking wobama the b for b***s***? He’s lied about everything! There is not one thing he hasn’t lied about! He’s a pathetically failed president! ]

Yes, Americans Will Be Targeted As Terrorists Under the NDAA Paul Joseph Watson & Alex Jones | Republican Congressman Amash warns that bill can be applied to U.S. citizens.

Exclusive: Government Activating FEMA Camps Across U.S. Kurt Nimmo and Alex Jones | Email reveals KBR call for bids to add services to internment camps.

Globalist Campaign Calls for Abolishment of Constitution Kurt Nimmo and Alex Jones | New York Times publishes front page article depicting Constitution as archaic and outdated.

Feds Label Bulk Buying of Food a Potential Terrorist Activity Paul Joseph Watson | Despite the fact that FEMA itself spent $1 billion dollars on storable food last year alone.

SYRIA: CIA-MI6 Intel Ops and Sabotage Felicity Arbuthnot | American and British intel agencies are in Syria executing a plan of destabilization

Pakistan Warns West Over Drone Killings of Innocent Civilians The Sun | Pakistan warned Britain to help stop the American “Drone Wars” that are slaughtering hundreds of its innocent civilians.

Iran: A Manufactured Threat Stephen Lendman | US media engineers recycle old messages – to pull the American mind-set towards a new war

Five myths about the presidency (Washington Post) [ Five? Is that all? I can with ease rattle off fifty-five myths relative to those of the last several decades. And, none of them flattering I might add. As for longevity, given their attentive, quality medical care and post office (no pun intended) stress free living, the lengthy aberation is not at all surprising to me. Well here’s a big one not on the list: http://albertpeia.com/obamadeceptionhighqualityversion.flv

Why Iran wants the bomb (Washington Post) [ Assuming, arguendo, that they do (want the bomb – they deny it –but israel also denied or pretends by silence what everyone knows ain’t so, or none of anyone’s business), they could always say the why is ‘better relations with america’ as has worked for contraindicated american favorite israel (they could also point out that at least they didn’t steal the nuke tech from the u.s. as did israel). The reference to alleged culpability regarding the ‘attempted’ revenge (and the notion of revenge is important and acknoledges what all know is israel culpability regard the assassination of the subject Iranians) killings of israeli dips which have been described by some as false flag attempts to rally support for invading Iran. I think that say what may, if bellicose, militant israel’s got it, so too should Iran.

War Propaganda Corporate Media Steers World Toward Disaster

Kurt Nimmo | Determined to fan the flames of hysteria and set the stage for a devastating attack on Iran.

FBI Creates Another Terror Patsy

Prisonplanet.com | The supposed terror plot to bomb Washington DC was yet another FBI set up.

The Hegelian Dialectic: Infowars Nightly News

Prisonplanet.com | Derrin McBreen discusses the Hegelian Dialectic, otherwise known as “Problem-Reaction-Solution”

US officials believe Iran sanctions will fail, making military action likely

London Guardian | Officials in key parts of the Obama administration are increasingly convinced that sanctions will not deter Tehran.

Milbank: With Hispanics, a GOP death wish (Washington Post) [ Wow! GOP death wish? A bit melodramatic on the part of Mr. Milbank. Coupled with yesterday’s long overdue criticism of wobama, one has to wonder whether it’s the dc drinking water that’s the culprit. Then again, could this be a rhetorical way of criticizing the GOP in favor of the Dems or a legitimate heads up so as to preclude the GOP from shooting themselves in the foot. I know not nor care not; the context is the key. Indeed, federal judiciary? Like most things american, the federal courts are rife with corruption. Since when should politics trump (includes corrupt judge maryanne trump barry, and shiff, matz, etc. ) judicial integrity and experience? Answer: since america beyond the propaganda is what inherently criminal, pervasively corrupt defacto is what america truly is and has been. Examples of federal judicial corruption already include the likes of sam alito among others, who though incompetent and corrupt and unequivocally deserving of jail time, sits now on the u.s. supreme court ( http://albertpeia.com/fbimartinezcongallard.htm , and infra).

The Post’s View Drawdown in Afghanistan Why should troops die this year if U.S. is leaving next year? (Washington Post) [ Indeed! But the larger question is why should they have died in Afghanistan at all? Well, the answer’s simple, even beyond the military industrial complex / war profiteer thing. It’s not a question of the heroes in; but rather, it’s all about the heroin. Yes, heroin! That icky, sticky highly addictive and devestating drug that the most sordid of organized crime ilk here and abroad find so appealing and lucrative. And, it’s ‘high time’ for this very newspaper (among all others and media) to step up and say what everyone with a computer and internet connection with a desire to know already knows; viz., the u.s. government is in the illegal drug business (including heroin, cocaine, etc.) in a very big way. Back when I brought a RICO action involving drug money laundering (see infra) I never in my wildest dreams could have thought that reality to be so, yet indeed it is so.

Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

Today in Afghanistan, American troops have been seen guarding poppy fields used to make heroin. Those fields were all but wiped out by 2001 when the Taliban destroyed them and forbade that agricultural pursuit. Now they’re flourishing again after the American occupation.

This doesn’t make sense despite all the mainstream reports that American troops are protecting the poppy farmers from the bad guys. Internet sites such as Prison Planet, Info Wars, The Political Coffeehouse and others report otherwise. They connect the CIA and US military to restarting the poppy fields in Afghanistan in 2002, increasing poppy growth by over 650 percent. Who’s telling it like it is?

One way the CIA keeps their drug trafficking hidden from public view

The CIA’s secret operations to influence journalism started in the 1950s by infiltrating the media and bribing journalists to be operatives and assets for the CIA. By 1976, then CIA director William Colby reportedly bragged that the CIA owned the press. Supposedly, this too secret to name operation was coined “Operation Mockingbird” by Deborah Davis in her book Katherine the Great.

Operation Mockingbird worked well against prize winning journalist Gary Webb when his newspaper, the San Jose Mercury News, ran his in depth series on CIA drug trafficking that flooded the USA to help finance the CIA backed Nicaraguan Contras during the 1980s.

Journalists all over the USA jumped on the series, claiming Webb’s journalism was shoddy. The newspaper had to recant and fire him, and Gary Webb was black listed from mainstream journalism completely.

Webb retaliated by having his book Dark Alliance published and making the NY Times best seller list, forcing some of his critics to privately eat crow after the fact.

Despite the CIA’s control of the press, a few Mexico and Central America cocaine busts of plane cargoes and discoveries of large cocaine stashes on crashed planes with CIA hired pilots flying them for front companies did hit the mainstream news, albeit briefly.

Remember the movie “Air America?” It was based on an actual CIA owned front company transporting tons of heroin from Southeast Asia’s “Golden Triangle” poppy fields during and after the Vietnam conflicts. Now Afghanistan and the “Golden Crescent” are the featured opium/heroin conduit sources.

Government and big business using drug traffic profits is nothing new

When the U.S. government made deals with the Cosa Nostra mafia to help police ports and harbors during WW II, they breathed life into the heroin trade. Eventually, Marseilles, France was set up by the Corsican mafia to become the “French Connection” for heroin traffic.

But opium trade history goes back further, to colonial times and early America. That’s when American shipping magnates used their fast Clipper Ships to compete with England’s monarch sanctioned dope running East India Company for transporting opium to China.

A few key players created family fortunes from the China opium trade that exist today within some northeast America’s “old money” families.

Among the familiar family names, according to Wikipedia (source below) is Forbes. Another source mentions Astor, a prominently wealthy philanthropic family around New York today (Wiki source below). In those days, trafficking dope was a legitimate business endeavor, immoral but not illegal.

Now it is illegal as well. Ironically, this allows the biggest illicit drug providers to financially benefit the CIA and international banking.’

Sources for this article include:

http://whatreallyhappened.com/RANCHO/POLITICS/MOCK/mockingbird.php

http://en.wikipedia.org/wiki/Forbes_family

http://en.wikipedia.org/wiki/John_Jacob_Astor

http://thepoliticalcoffeehouse.com/2011/12/01/us-military-opium-afghanistan/

http://www.minormusings.com/Drugs/Mask.html

See also:

Big Banks, Gov’ts Collude in Drug War Hypocrisy

Much Of Afghan Drug Money Going To ‘Our Friends’

Steady Stream of Drug Money Departs Afghanistan, U.S. Officials Flummoxed

Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard

Afghanistan drug trade hits $4 billion a year

Occupiers involved in drug trade: Afghan minister

US and NATO protecting Afghan drug trade

B.C. RCMP seize 60,000 poppy plants in record haul

NATO rejects Russian call for Afghan poppy spraying

War on drugs is a hoax: US admits to guarding, assisting lucrative Afghan opium trade

UN: Afghan opium production up by 61% under NATO’s watch

DOJ: Drug Cartel’s Influence Extends Well Beyond Border Well Into the U.S.

2012 Update: What Part III of the financial crisis will look like

http://www.stansberryresearch.com/pro/1108PSINEWVD/PPSIN138/PR

http://www.stansberryresearch.com

http://www.stansberryresearch.com/pro/1108PSINEWVD/PPSIN111/PR

http://www.albertpeia.com/stansberrysinvestmentadvisory.flv

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

CIA expected to stay in Iraq, Afghanistan for the long haul Long after departure of U.S. troops, CIA is expected to maintain a large clandestine presence, officials said (Washington Post) [ No surprise there! Long hauls indeed, of heroin that is; Iraq’s just cover for their Afghanistan drug ops (given their current heroin trade it might look suspicious in justifying Afghanistan and not the illegal war site of looted Iraq). ! Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

Legislators aid groups tied to family EXCLUSIVE | Some members of Congress guide millions in tax dollars to companies and institutions where their relatives work, according to an examination of federal disclosure forms and local public records (Washington Post) [ Yeah! I guess the congressional / federal over-payment pay scale’s just ain’t enough. Here’s just wages http://albertpeia.com/govemployeeretirement.jpg , then benefits, then k street money for nothing if so chosen, then the speech circuit money for nothing, schmoozing, boozing, etc.. No wonder the nation’s pervasively corrupt and defacto bankrupt. After all, across the board, what federal employment is worth the money; particularly when you look at the corrupt and the results of same. Everybody knows it! Globally as well as domestically! http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm The avarice, venality, and complicitly corrupt nature of all federal employees knows no bounds whatsoever http://albertpeia.com/fbimartinezcongallard.htm ; yet, even a modicum of competence has not been forthcoming from their lot. (34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://theeconomiccollapseblog.com http://albertpeia/34shockingfactsaboutusdebt.htm ‘We have all been lied to.  For decades, the leaders of both major political parties have promised us that they can fix our current system and that they can get our national debt under control.  As the 2012 election approaches, they are making all kinds of wild promises once again.  Well you know what?  It is all a giant sham.  The United States has gotten into so much debt that there will be no coming back from this.  The current system is irretrievably broken… Professor Laurence J. Kotlikoff, the U.S. is facing a "fiscal gap" of over 200 trillion dollars in the future.  The following is a brief excerpt from a recent article that he did for CNN...The government's total indebtedness -- its fiscal gap -- now stands at $211 trillion.. The fiscal gap is the difference, measured in present value, between all projected future spending obligations -- including our huge defense expenditures and massive entitlement programs, as well as making interest and principal payments on the official debt -- and all projected future taxes…#33 If you add up all forms of debt in the United States (government, business and consumer), it comes to more than 56 trillion dollars.  That is more than $683,000 per family…). america’s totally broke! Really! No joke! Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

Congressional earmarks sometimes used to fund projects near lawmakers' properties EXCLUSIVE | Thirty-three members of Congress have steered more than $300 million in earmarks and other spending provisions to dozens of public projects that are next to or within about two miles of the lawmakers’ own property, according to a Washington Post investigation. Earmarks alive and well, probe finds A study of defense bill identifies 115 proposals as earmarks, including 20 by GOP freshmen who campaigned against the pet projects.

(Washington Post) [ Such things do wonders for property values; even the most ill-chosen properties. Lesson: ‘If you don’t know a damn thing about much of anything, ie., finance, real estate, business, etc., run for and be part of congress to make being stupid not matter’. I think a more telling example of self-dealing are those steady raises and increased benefits packages that congress continued to vote for themselves despite what we all now know to be jobs so poorly done that the nation is now hopelessly and insumountably broke in every way that could possibky be imagined. House panel weighs insider-trading bill House committee members debated whether they should pass an insider-trading measure targeted at themselves. (Washington Post) [ Yeah … that’s a tough call … Bachmann received federally backed loanWeeks before Michele Bachmann called for dismantling federally subsidized loan programs, she and her husband signed for a $417,000 mortgage. (Washington Post) [ In my MBA thesis (MBA Finance, 1977, NYU GBA), among my conclusions was that ‘timing was everything in stock market investing’. Yes, indeed, you must time the market to be successful, though such position was squarely opposed to a panoply of ‘mechanized mindless approaches’ (ultimately that latter being a rationale to separate you from your money, regardless. In fact, today more than ever, buy and hold’s a sure loser even without the crashes when measured against a ‘real price deflator’ that takes into account the real rate of inflation. Well, in her defense she could always argue that the legislated ban on congressional insider trading hadn’t been passed yet … just kidding! Actually, we all know that just applied to stocks anywho. And, until the congress says those things that are illegal for everyone else are illegal for congress, such illegal activity is not really illegal; for them only, that is. No one’s above the law? Not so in pervasively corrupt, defacto bankrupt america where a clearly illegal act is not illegal for them unless they themselves say it’s to be prospectively considered illegal for them. Ethics? Silly boys and girls, as in , ‘don’t be silly!’. Congressional earmarks sometimes used to fund projects near lawmakers' properties EXCLUSIVE | Thirty-three members of Congress have steered more than $300 million in earmarks and other spending provisions to dozens of public projects that are next to or within about two miles of the lawmakers’ own property, according to a Washington Post investigation. Earmarks alive and well, probe finds A study of defense bill identifies 115 proposals as earmarks, including 20 by GOP freshmen who campaigned against the pet projects.

(Washington Post) [ Such things do wonders for property values; even the most ill-chosen properties. Lesson: ‘If you don’t know a damn thing about much of anything, ie., finance, real estate, business, etc., run for and be part of congress to make being stupid not matter’. I think a more telling example of self-dealing are those steady raises and increased benefits packages that congress continued to vote for themselves despite what we all now know to be jobs so poorly done that the nation is now hopelessly and insumountably broke in every way that could possibly be imagined.

Guest Post: Counterfeit Money, Counterfeit Policy Tyler Durden on 01/31/2012 Counterfeiting is illegal because it is the false creation of value. The counterfeiter takes low-value paper and turns it into high-value money, which is fundamentally a claim on the real productive value of the economy that issues the currency and recognizes it as a proxy means of exchanging that productive value. Counterfeiting is illegal because the counterfeiter creates no additional value--he creates only the proxy for value. Creating real value--adding meaningful goods or services to the economy--is tedious, hard work. How much easier to simply transform near-worthless paper into a claim on actual goods and services.  If this is illegal, then would somebody please arrest the Board of the Federal Reserve for counterfeiting? The Fed has blatantly printed money without creating any real value to back up their added claims on productive value. Hence they are counterfeiting, pure and simple. A government based on rule of law would arrest these fraudsters and cons at the earliest possible convenience.

The Markets Since Their 2000 Highs: We're Not Bouncing Back http://www.bullfax.com/?q=node-markets-their-2000-highs-were-not-bouncing-back ... [ Actually the picture is even worse if the real inflation rate used. Wall street is total fraud and b***s***! Keep in mind, in addition to loss of principal, the flux / worry takes its toll on health as well as productivity. ] 02/02/2012 By Doug Short: ‘The January Effect in 2012 was quite strong, and the U.S. markets have continued the rally that began last October. But let's take a step back and review the performance of the major US indexes in the 21st century through the end of January 2012. Here is an update in response to a standing request from David England, a professor who has developed a popular college level stock market classes at John A. Logan College in Carterville, Illinois. David is also the founder of thetraderseye.com. In his upcoming presentations, he wants to disprove the standard message of Wall Street, "Don't worry! The market will always come back." I furnished David with some charts, and I shared them with regular visitors to my Advisor Perspectives pages. Specifically, David had asked for real (inflation-adjusted) charts of the S&P 500, Dow 30, and Nasdaq Composite. So I created two overlays — one with Complete Story » [ The following are important charts from Doug Short:

http://albertpeia.com/3real1.png

http://albertpeia.com/3real2.png

http://albertpeia.com/3real3.png

http://albertpeia.com/3real4.png

I Can’t Take It Anymore! When Will The Government Quit Putting Out Fraudulent Employment Statistics? http://theeconomiccollapseblog.com http://albertpeia.com/governmentfraudulentemploymentstats.htm

The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm

The Post’s View The Senate didn’t do enough to stop insider trading Editorial Board There’s still too much ambiguity on rules covering lawmakers. (Washington Post) [ So much for nobody being above the law! I quite agree that absolutely no ambiguity; indeed, no ‘wiggle room’ whatsoever should be countenanced in this ‘legislation’. Actually, an outright ban would be a more ‘cut and dry’ approach and desirable. Objections? Don’t run for office if you don’t like the rule. After all, Washington politics has strayed a long way from being a ‘public service sacrifice’ to rather an extravagantly accoutered, very costly to the public, but lucrative end in itself; and worse, regardless of results (the fiefdoms seem to be self-perpetuating). Yet, it still comes down to the meaningfulness of the laws, particularly relative to arbitrary enforcement; and, for those who believe the ‘courts’ will apply those laws as written and intended, I’m constrained to say from direct experience: ‘You don’t get out much!’ http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm

The Post’s View Drawdown in Afghanistan Why should troops die this year if U.S. is leaving next year? (Washington Post) [ Indeed! But the larger question is why should they have died in Afghanistan at all? Well, the answer’s simple, even beyond the military industrial complex / war profiteer thing. It’s not a question of the heroes in; but rather, it’s all about the heroin. Yes, heroin! That icky, sticky highly addictive and devestating drug that the most sordid of organized crime ilk here and abroad find so appealing and lucrative. And, it’s ‘high time’ for this very newspaper (among all others and media) to step up and say what everyone with a computer and internet connection with a desire to know already knows; viz., the u.s. government is in the illegal drug business (including heroin, cocaine, etc.) in a very big way. Back when I brought a RICO action involving drug money laundering (see infra) I never in my wildest dreams could have thought that reality to be so, yet indeed it is so.

Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

Today in Afghanistan, American troops have been seen guarding poppy fields used to make heroin. Those fields were all but wiped out by 2001 when the Taliban destroyed them and forbade that agricultural pursuit. Now they’re flourishing again after the American occupation.

This doesn’t make sense despite all the mainstream reports that American troops are protecting the poppy farmers from the bad guys. Internet sites such as Prison Planet, Info Wars, The Political Coffeehouse and others report otherwise. They connect the CIA and US military to restarting the poppy fields in Afghanistan in 2002, increasing poppy growth by over 650 percent. Who’s telling it like it is?

One way the CIA keeps their drug trafficking hidden from public view

The CIA’s secret operations to influence journalism started in the 1950s by infiltrating the media and bribing journalists to be operatives and assets for the CIA. By 1976, then CIA director William Colby reportedly bragged that the CIA owned the press. Supposedly, this too secret to name operation was coined “Operation Mockingbird” by Deborah Davis in her book Katherine the Great.

Operation Mockingbird worked well against prize winning journalist Gary Webb when his newspaper, the San Jose Mercury News, ran his in depth series on CIA drug trafficking that flooded the USA to help finance the CIA backed Nicaraguan Contras during the 1980s.

Journalists all over the USA jumped on the series, claiming Webb’s journalism was shoddy. The newspaper had to recant and fire him, and Gary Webb was black listed from mainstream journalism completely.

Webb retaliated by having his book Dark Alliance published and making the NY Times best seller list, forcing some of his critics to privately eat crow after the fact.

Despite the CIA’s control of the press, a few Mexico and Central America cocaine busts of plane cargoes and discoveries of large cocaine stashes on crashed planes with CIA hired pilots flying them for front companies did hit the mainstream news, albeit briefly.

Remember the movie “Air America?” It was based on an actual CIA owned front company transporting tons of heroin from Southeast Asia’s “Golden Triangle” poppy fields during and after the Vietnam conflicts. Now Afghanistan and the “Golden Crescent” are the featured opium/heroin conduit sources.

Government and big business using drug traffic profits is nothing new

When the U.S. government made deals with the Cosa Nostra mafia to help police ports and harbors during WW II, they breathed life into the heroin trade. Eventually, Marseilles, France was set up by the Corsican mafia to become the “French Connection” for heroin traffic.

But opium trade history goes back further, to colonial times and early America. That’s when American shipping magnates used their fast Clipper Ships to compete with England’s monarch sanctioned dope running East India Company for transporting opium to China.

A few key players created family fortunes from the China opium trade that exist today within some northeast America’s “old money” families.

Among the familiar family names, according to Wikipedia (source below) is Forbes. Another source mentions Astor, a prominently wealthy philanthropic family around New York today (Wiki source below). In those days, trafficking dope was a legitimate business endeavor, immoral but not illegal.

Now it is illegal as well. Ironically, this allows the biggest illicit drug providers to financially benefit the CIA and international banking.’

Sources for this article include:

http://whatreallyhappened.com/RANCHO/POLITICS/MOCK/mockingbird.php

http://en.wikipedia.org/wiki/Forbes_family

http://en.wikipedia.org/wiki/John_Jacob_Astor

http://thepoliticalcoffeehouse.com/2011/12/01/us-military-opium-afghanistan/

http://www.minormusings.com/Drugs/Mask.html

See also:

Big Banks, Gov’ts Collude in Drug War Hypocrisy

Much Of Afghan Drug Money Going To ‘Our Friends’

Steady Stream of Drug Money Departs Afghanistan, U.S. Officials Flummoxed

Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard

Afghanistan drug trade hits $4 billion a year

Occupiers involved in drug trade: Afghan minister

US and NATO protecting Afghan drug trade

B.C. RCMP seize 60,000 poppy plants in record haul

NATO rejects Russian call for Afghan poppy spraying

War on drugs is a hoax: US admits to guarding, assisting lucrative Afghan opium trade

UN: Afghan opium production up by 61% under NATO’s watch

DOJ: Drug Cartel’s Influence Extends Well Beyond Border Well Into the U.S.

AP source: Donald Trump intends to endorse Newt Gingrich's presidential bid Donald Trump intends to endorse Gingrich’s GOP presidential bid, according to a source close to... (Washington Post) [ Yes, the unreality reality mobster and new york don (trump) and ‘the newt man’ hear some etherial sounds from beyond from ‘the lizard man’ aka the great Jimmy Morrison of The Doors fame in an instructive refrain:

Touch the newt man don
Be thou not afraid
Though his champagne’s now lemonade
Don’t forget the promise that you made
Though it looks like now you have been played
A deck of jokers now betrayed

To the full moon base as been said
Insanity’s what both you pled
As others’ life blood you have bled
Time for lun_a_tics_ like _you for the harnessed bed…

TOUCH ME by THE DOORS
  (Album "The Soft Parade")
 
{ I played this song along the album according to some other versions I was
able to find and it didn't sound well. So, I tried to write my own version
of this song - here is the result. http://www.rockmagic.net/guitar-tabs/the_doors/touch_me.crd }
 
INTRO:
 
 4 times: Am Am Am G Am Am G Am Bm
 2 times: Am7 Am7 Am7 G7 Am7 Am7 G7 Am7 Bm7
 1 times: Am7 -stop-
 
 
VERSE:
 
 Come on, come on, c'mon, c'mon now
 G
 Touch me babe,
 Bm C  Cm
 Can't you see that I am not afraid.
  A# Dm
 What was that promise that you made?  
  D# F#
 Why won't you tell me what she said?
  C#
 What was that promise that she made?
 
 
CHORUS:
 
  F# Fm
 Now I'm gonna love you
  F# G# C#
 till the heaven stops the rain.
 F# Fm
 I'm gonna love you
  F# G# F#
 till the stars fall from the sky
  C#
 for you and I.

In South, Gingrich vows to rise again The most topsy-turvy among up-then-down-again candidates says he could revive once more. (Washington Post) [ Rise again indeed! Like a phoenix from the ashes! You just can’t keep a good sleaze / con down (look at wobama). Not to worry newty; you got the endorsement of that new york don (trump), which also means you can be his celebrity apprentice. And, from beyond in South LA (‘LA Woman’ – The Doors) we hear the sweet sound of ‘the lizard man’, Jimmy’s spirit joining the thongs, I mean the throngs in unison, feverishly calling out in support of ‘the newt man’:

“ Mr. Mojo Risin', Mr. Mojo Risin'
Mr. Mojo Risin', Mr. Mojo Risin'
Got to keep on risin'
Mr. Mojo Risin', Mr. Mojo Risin'
Mojo Risin', gotta Mojo Risin'
Mr. Mojo Risin', gotta keep on risin'
Risin', risin'
Gone risin', risin'
I'm gone risin', risin'
I gotta risin', risin'
Well, risin', risin'
I gotta, wooo, yeah, risin'
Woah, ohh yeah “

Yes newt man … sounds like a plan!

Doors L.A. Woman Lyrics

Well, I just got into town about an hour ago
Took a look around, see which way the wind blow
Where the little girls in their Hollywood bungalows

Are you a lucky little lady in The City of Light
Or just another lost angel...City of Night
City of Night, City of Night, City of Night, woo, c'mon

L.A. Woman, L.A. Woman
L.A. Woman Sunday afternoon
L.A. Woman Sunday afternoon
L.A. Woman Sunday afternoon
Drive thru your suburbs
Into your blues, into your blues, yeah
Into your blue-blue Blues
Into your blues, ohh, yeah

I see your hair is burnin'Hills are filled with fire
If they say I never loved you
You know they are a liar
Drivin' down your freeways
Midnite alleys roamCops in cars, the topless bars
Never saw a woman...
So alone, so alone
So alone, so alone
[ Lyrics from: http://www.lyricsfreak.com/d/doors/la+woman_20506553.html ]
Motel Money Murder Madness
Let's change the mood from glad to sadness

Mr. Mojo Risin', Mr. Mojo Risin'
Mr. Mojo Risin', Mr. Mojo Risin'
Got to keep on risin'
Mr. Mojo Risin', Mr. Mojo Risin'
Mojo Risin', gotta Mojo Risin'
Mr. Mojo Risin', gotta keep on risin'
Risin', risin'
Gone risin', risin'
I'm gone risin', risin'
I gotta risin', risin'
Well, risin', risin'
I gotta, wooo, yeah, risin'
Woah, ohh yeah

Well, I just got into town about an hour ago
Took a look around, see which way the wind blow
Where the little girls in their Hollywood bungalows

Are you a lucky little lady in The City of Light
Or just another lost angel...City of Night
City of Night, City of Night, City of Night, woah, c'mon

L.A. Woman, L.A. Woman
L.A. Woman, your my woman
Little L.A. Woman, Little L.A. Woman
L.A. L.A. Woman Woman
L.A. Woman c'mon

The end for Gingrich? He’s going down in his own style. (Washington Post) [ Wow! Say it isn’t so; that is, ‘Jimbo’, as in the ghost of the great Jim Morrison of ‘Doors’ fame who as ‘the lizard man’ reminds ‘the newt man’ that, “There are things known and there are things unknown, and in between are the doors (of perception.” Aldous Huxley); and, then he breaks out in the famed refrain,

This is the end

Slimy Newt Man

The end you dumb rear end

Your door you whore,

The full moon’s allure

Colony no more!

Doors The End Lyrics Sung by Jim Morrisson (first verse and then full song – with guitar chords)
Songwriters: JACKSON, TONY / ROBERTS, BEN / D'ARCY, AARON

This is the end
Beautiful friend
This is the end
My only friend, the end…’

THE END 
 
D C D
This is the end, beautiful friend.
 C D
This is the end, my only friend, the end
 C G D
of our elaborate plans, the end
 C D
of everything that stands, the end,
 C G D
no safety or surprise, the end.
 C  D
I'll never look into your eyes again.
 
 
 C D
Can you picture what will be,
 G7 D
so limitless and free,
 C D G D
desp'rately in need of some stranger's hand,
 C D
in a desp'rate land.
 
 
D
Lost in a roman wilderness of pain,
and all the children are insane... x 2
waiting for the summer rain.
There's danger on the edge of town,
Ride the king's highway.
Weird scenes inside the goldmine;
ride the king's highway west, baby.
Ride the snake... x 2
to the lake,
the ancient lake, baby.
The snake is long,
seven miles;
ride the snake,
he's old and his skin is cold.
The West is the best... x 2
Get here and we'll do the rest.
The blue bus is calling us... x 2
Driver, where you taking us?.. x 2
 
(spoken)
 
D
The Killer awoke before dawn,
he put his boots on,
he took a face from the ancient gallery,
and he walked on down the hall.
He went to the room where his sister lived,
and then he paid a visit to his brother,
and then he walked on down the hall.
And he came to a door,
and he looked inside,
"Father?"
"Yes, son?"
"I want to kill you.
Mother I want to....."
Come on, baby, take a chance with us,
and meet me at the back of the blue bus... x 3
Come on, yeah.

With Mitt and Newt, pragmatic vs. epic The policy differences between Romney and Gingrich reflect their contrasting personalities (Washington Post) [ Let’s not get too dramatic here! Epic? I don’t think so; at least as long as you’re counting full moon lunacy.

Gingrich: Today’s college students are coddled (Washington Post) [ Oh riiiiight, Ché Newty the Revolutionary! They’ve got no jobs and an insurmountably bankrupt nation to look forward to thanks in large part to you, your ilk, your peers, wobama et als; and, notably, through no fault of their own. Besides, says newty, ‘kids, they comb their hair in that funny way’. Riiiiight, snooty newty, there’s those ‘janitorial jobs’ for which there are even waiting lists of applicants for even those jobs according to reports. Say anything, Ché Newty the Revolutionary! As per wobama, words are cheap; but as we all now know, ultimately very costly when they’re more rhetoric / b***s*** than truth / reality! Gingrich turns to advisers who believe supply-side economics is the answer Advisers believe solution to nation’s deficit is to spur growth through tax cuts and deregulation. (Washington Post) [ Oh riiiiight! Worked like a charm in creating the last few fraud-induced debacles in this ongoing crisis, and the trickle never quite seems to trickle down that far. Yet, it appears the slimy newt’s found a kindred spirit in that malleable italian, peter ferrara ( ‘Peter Ferrara describes himself as Gingrich’s chief economic policy adviser and has won praise from Gingrich on the campaign trail. A lawyer and libertarian scholar who had long advocated privatizing Social Security — and once acknowledged taking payments from Jack Abramoff to write favorable op-ed pieces about the lobbyist’s clients — Ferrara said he talks to Gingrich almost daily…’), and the frauds on wall street will just love his social security privatization / new blood for the infamous blood-sucking squid (goldman sachs), to keep the ponzi padded with fresh dough once again on the backs of taxpayers (kind of a ‘k street’ kind of drain). Focused regulation of areas of the economy prone to fraud, ie., wall street, and deregulation as to others, ie., small businesses, is a more optimal course.( Bribes, Chinese mob ties alleged at Casino of Gingrich money man Sheldon Adelson Denies Wrongdoing as FBI, SEC Probe Alleged Corrupt Practices …).

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

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

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

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

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

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

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

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

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

[GOP reactions reflect party divisions Indiana Gov. Mitch Daniels makes official response, but Romney and Cain also offer their takes. (WP) [ Although I didn’t listen to / watch wobama’s b***s*** session (his words are absolutely worthless and as last time around, belied by his misguided deeds), I did pay attention to the intelligent, succinct, poignant Republican Response by Mitch Daniels, Gov. Indiana, and confidently say, if he so chooses the path, he will prospectively be President. A way his formidable background and talents could more quickly be brought to the fore would be a Ron Paul / Mitch Daniels ticket which would be a Mitch Daniels candidacy then Presidency in 2016. This would give the nation and the world ‘time to breath’ while recovering from wobama way of failings / missteps. You can’t ignore Oliver Stone’s sagacious opinion in such matters as these. ( Oliver Stone: I Would Vote For Ron Paul Over Obama Steve Watson | “He’s the only one who’s saying anything intelligent about the world”. ) His great film anthology speaks for itself and has ‘caught and treated’ some of the most significant, recent american historical ‘breakpoints’.]

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

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

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

Last month: “I think I am a transformational figure.” (Shouldn’t there have been a footnote crediting Barack Obama with that line?)

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

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

And in 2005: “I first talked about [saving civilization] in August of 1958.” It’s fairly impressive that Mr. Gingrich remembers the exact date he first mentioned saving civilization. Too bad it’s now been almost 54 years and he still hasn’t done it.

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

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

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

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

[Truth be told, though a narcissist ‘floats’ between feelings / emotions of grandiosity and inferiority, I do believe much of wobama’s obfuscating grandiosity stems from and masks his feelings of insecurity; and, his displays of grandiosity have worked so well for him in the form of b***s*** that he’s continued this rather ‘doomed to failure, course par’ approach to literally all matters, of state and otherwise.]

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

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

There’s a peddler and former speaker of the house

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

The peddler slimy newt with nothing of substance to sell

Just like wobama will bring the nation down to hell

(Actual lyrics in pertinent part)

There's a peddler comes to our house

With such wonderful bargains to sell

And he starts our hearts to tingling

Just as soon as he pushed the bell …

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

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

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

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

Krauthammer: The GOP’s suicide march (Washington Post) [ Wow! Mr. Krauthammer must have been having a ‘bad hair day’. Suicide march? I don’t think so. I even was compelled to look up his (vaulted mis)use of ‘manichean’ (definitions infra) in his rather grimly devised piece. Whew! Time to break out the ‘sackcloth and ashes’. I truly have never seen Mr. Krauthammer so ‘off his game’. If one can’t appreciate the ultimate ‘raison d’etre’ for the occupy movement vis-à-vis the egregious, gargantuan, still unprosecuted wall street frauds, clearly, that person’s not been paying attention; and, to ignore same is to do so at the nation’s peril [ Obama flush with financial sector cash The president has managed to raise more money this year from the sector than any GOP contender. (WP) [ So much for obama and OWS; but how ‘bout wobama and obs … yes, more ‘obama b*** s*** ! The quid pro quo … the bribe … Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud )THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , http://albertpeia.com/10mostcorruptpols.htm ] . I often point to the stupidity of americans generally, but not so dumb to ignore the most basic math coupled with common sense relative to these nation-debilitating, unjustifiable frauds, boondoggles. At this juncture I feel obliged to state that I haven’t voted for decades (kind of along the lines of ‘George Carlin’s famed defense of his own non-voting record which he justified by reminding all that Hitler came to power in a full, free, democratic election by a landslide’). Yet, on all the ‘big ones’, I’ve always taken a prior position based on the ‘reality’ of the prospective result. May I humbly say, I’ve never, ever been wrong. These are ‘debates’ …’words’… geared toward positioning one or another for the opportunity of the ‘big job’. To expect anything less than at least a ‘little bit of juglar’ is a bit naïve. So calm down Mr. Krauthammer; nothing’s been lost. Testament to Mr. Krauthammer being ‘off his game’ here is his positing of ‘wobama the b for b***s***’ as being smart. Au contraire Mr. Krauthammer! Wobama’s quite dumb! If smart, wobama would have done as he said he would do last campaign, and the nation would have been far better off for it! Parenthetically, look to who’s pushing the censorship bills; now, that’s political desperation! To cheer Mr. Krauthammer up, there’s also that egregious ‘Keystone’ misstep which even The Post’s Editorial Board felt compelled to point out. We’ll just chalk this up to ‘(temporary) situational anxiety disorder’.

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

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

Should the slimy newt reveal

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

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

(Actual lyrics in pertinent part)

Should I reveal exactly as I feel?

Should I confess I love you?

Should I recite beneath the pale moonlight?

And swear by the stars above you…

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

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

There’s a peddler and former speaker of the house

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

The peddler slimy newt with nothing of substance to sell

Just like wobama will bring the nation down to hell…

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

He was married and so was she

In a house of sticks that he was made to flee

She wore black and he wore white

Though she might win this fight

So what, she shot him down

So what, they were blank rounds

Bang bang, the media rang

Bang bang, the socar hillbillies sang

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

My Baby Shot Me Down

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

(Actual lyrics in pertinent part)

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

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

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

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

We’re discontented with candidates that are rented

With grand promises that they’ve invented

America’s now a place that’s no oasis

Where life’s weary chase is always in crisis

Far from the cries of crime victims in the city,

Where flowers pretty caress the streams

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

Don’t let lobotomy joe bidin your dreams.

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

Chinese tea for two, and two for Chinese tea,

Me for who and you show me, al one!

{actual song in pertinent part}

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Me and My Shadow

snooty newty and his shadow

Strolling down pennsylvania avenue
snarky newty and his shadow

That’s a dream that won’t come true

snooty newty and his shadow

All alone and feeling black and blue

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

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

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

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

Newty seems dumber,

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

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

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

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

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

www.hereinreality.com/carlyle.html

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

Meet the Carlyle Group

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

Bush Baker Carlucci Darman Major Ramos

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

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

Romney’s money problem His nomination may be near, but his routine is getting a bit rich. (Washington Post) [ Yet another of those ‘aw come on wobama lover Mr. Milbank moments’. I mean really. Wobama’s are as ‘rich’, and disingenuous at best to say otherwise, and his routine, namely b***s***, is past ‘getting old’. After all, wobama can’t run on his clear record of failure as bush failure 3 with what turns out as before, b***s*** alone. The problem is that there’s nothing that can be said of the republican offerings (except Ron Paul) for which it can’t be said of wobama that he’s been there, done that in contravention of all prior campaign promises, to the substantial detriment of the nation. Even his new ‘displacement’ as chief of staff’s a ‘wall street inside man’ (Drudgereport: FLASHBACK: Daley planned to leave AFTER election... , Michelle (a black) distressed about power of 'white Irish Catholic'... , New Obama Chief of Staff: Former Hedge Fund Exec at CITI, Made Money off Mortgage Defaults... (even Castro’s correct on this obvous point regarding the duplicitous wobama ) Castro: 'Robot' better than Obama, Republicans... . Obama missing the mark on defense? President Obama’s defense strategy — and the assumptions underlying it — need a closer look. (Washington Post) [ I really don’t know what the editorial board really is; but that’s the only reason I’m commenting here (on this one) given their most recent, shocking ‘contributions’ to the discourse. First, let’s begin with a fundamental reality; viz., america is hopelessly and insurmountably defacto bankrupt (34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://theeconomiccollapseblog.com ‘We have all been lied to.  For decades, the leaders of both major political parties have promised us that they can fix our current system and that they can get our national debt under control.  As the 2012 election approaches, they are making all kinds of wild promises once again.  Well you know what?  It is all a giant sham.  The United States has gotten into so much debt that there will be no coming back from this.  The current system is irretrievably broken… Professor Laurence J. Kotlikoff, the U.S. is facing a "fiscal gap" of over 200 trillion dollars in the future.  The following is a brief excerpt from a recent article that he did for CNN...The government's total indebtedness -- its fiscal gap -- now stands at $211 trillion.. The fiscal gap is the difference, measured in present value, between all projected future spending obligations -- including our huge defense expenditures and massive entitlement programs, as well as making interest and principal payments on the official debt -- and all projected future taxes…#33 If you add up all forms of debt in the United States (government, business and consumer), it comes to more than 56 trillion dollars.  That is more than $683,000 per family…). Second, I’d like to know how these unaffordably expensive military industrial complex (warned against by the great but substantially underrated President General Eisenhower) welfare programs have succeeded in accomplishing anything but the defacto bankruptcy of this nation, created fortunes for the war profiteering few, while fomenting (justifiable) anti-american sentiment globally (that ‘destructive thing’ that rational people abhor). Third, $489 billion in cuts over 10 years (however ‘sold’, ie., ‘new strategy’) is nothing relative to the enormity and insurmountability of the nation’s debt. What need’s a closer look is not so much the ‘new strategy’; but rather that failed abhorrent old strategy, however repackaged, and those who made it. After all, it doesn’t matter so much what they say, as it does what they do. A glaring example is the ‘war on drugs’ given america’s unequivocal involvement in same (infra). As for wobama missing the mark on defense, there isn’t anything whatsoever that wobama hasn’t missed the mark on. Obama flush with financial sector cash The president has managed to raise more money this year from the sector than any GOP contender. (WP) [ So much for obama and OWS; but how ‘bout wobama and obs … yes, more ‘obama b*** s*** ! The quid pro quo … the bribe … Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud )THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , http://albertpeia.com/10mostcorruptpols.htm Role as political insider in Washington made Rick Santorum a millionaireAfter losing reelection bid in 2006, he capitalized on experience with a profitable career on K Street. (Washington Post) [ As such, the same salvos levied against slimy newt are aposite here and reiterated. Yet, I’m still non-plused by santorum equating same-sex marriage (as a heterosexual myself I can’t say that I’m wild about that idea) with polygamy (truth be told it could be easy for me to picture being wild about that idea). I haven’t yet looked closely at santorum, candidly speaking; and, know him only by his contraindicated and preposterous ‘soundbites’ in defense of nation-bankrupting neo-con geopolitics (wars) and have previously referred to him as a ‘lightweight’ thereby.

Rubin: Gingrich out for revenge (Washington Post) [ Yes, newt … revenge is sweet and so are you … Your reward: a message and a song to sing as you pine away about what was your day … Sweet slimy newt, once again from beyond, Frank’s got just the sultry sound to soothe your vengeful, restless spirit, so sing it snooty newty (but stay away from any new booty) :

FRANK SINATRA LYRICS: " I WANNA BE AROUND "
(J. Mercer, S. Vimmerstadt)
[Recorded June 9, 1964, Los Angeles]
I wanna be around to pick up the pieces when somebody breaks your heart,
Somebody twice as smart as I.
Somebody who will swear to be true like you used to do with me,
Who'll leave you to learn that misery loves company, wait and see.
I wanna be around to see how he does it when he breaks your heart to bits,
Let's see if the puzzle fits, so fine,
And that's when I'll discover that revenge is sweet,
As I sit there applauding from a front row seat,
When somebody breaks your heart like you broke mine.
That's when I'll discover that revenge is sweet,
As I sit there applauding from a front row seat,
When somebody breaks your heart like you broke mine,
Like you, like you broke mine.

Gingrich gets emotional at campaign event In an unusually emotional moment, the former House speaker got teary-eyed when asked a question about his mother during an Iowa town hall Friday. (Washington Post) [ Wow! Slimy newt’s Muskie moment. Mom or no, he of all slime bags should know that ‘Big Boys Don’t Cry’; oh, excuse me, that’s ‘Big Girls Don’t Cry’. What to do … to cheer up the maudlin newt? Yes … once again from beyond, the sultry, soothing, sound of Frank provides the answer: { ‘Send in the Clowns’ -Full song, real lyrics with intro by Frank, infra:(Stephen Sondheim)[Recorded June 22, 1973, Hollywood] }

Isn't newt rich? Is he and mom a pair?
newt here at last on the ground and his campaign in mid-air
Send in the clowns…

Isn't newt rich? Isn’t he queer?
Losing his timing this late in his nearly presidential career
But where are the clowns? Send him to the clowns in d.c.
Well, maybe but not next year

For some Hill Republicans, fear of a Newt Gingrich nomination Republican lawmakers, strategists fear Gingrich would jeopardize GOP prospects for control of Congress. (Washington Post) [ Fear indeed! Fear and loathing in fact is more descript; and, not just by Hill Republicans, to be sure. Then, ominously from beyond, another warning from the ghost of Frank (‘My Way’ Writer:Anka Composer:François,Revaux) : … ‘Regrets, newt’s had a few, but then again, too many to mention’ … Indeed, far too many, and, despite crocodile tears from the duplicitous ‘slimy newt’, his unconflicted nature regarding such things means there are probably so many such things worthy of regret that he’s all but unelectable as president ( speaking of newts, amphibians, throw in an arachnid for good measure, think of that fable of the’ frog and scorpion crossing the river’ and the ‘all in his nature thing’). Romney: Newt Gingrich an ‘extremely unreliable’ conservative leader EXCLUSIVE | In a Washington Post interview, Mitt Romney says he has been more consistent than his rival. (Washington Post) [ Yes … we can hear the ghost of Frank sweetly serenading us with a foreboding and warning regarding the ‘slimy newt’ based on his hit tune (‘Call me irresponsible’ Writer(s): Cahn/Van Heusen):

Call him irresponsible - call him unreliable
Throw in undependable too
Do his foolish alibis bore you
Well he’s not too clever – he just adores trumpish people we should boo

Call him unpredictable - tell him he’s impractical
Pots of gold at ends of rainbows he’s inclined to pursue
Call him irresponsible - yes newt’s unreliable
But it's undeniably true – newt’s irresponsibly mad for madman trump et als too

Full song, real lyrics with intro by Frank:

‘Send in the Clowns’ (Stephen Sondheim)[Recorded June 22, 1973, Hollywood]

[Spoken intro]
This is a song about a couple of adult people who have spent, oh, quite a long time
together, till one day
one of 'em gets restless and decides to leave. Whether it's the man or woman who left is unimportant.
It's a breakup.
It's a lovely marriage of words and music, written by Stephen Sondheim.


Isn't it rich? Are we a pair?
Me here at last on the ground and you in mid-air
Send in the clowns

Isn't it bliss? Don't you approve?
One who keeps tearing around and one who can't move
But where are the clowns? Send in the clowns

Just when I stopped opening doors
Finally finding the one that I wanted was yours
Making my entrance again with my usual flair

Sure of my lines
Nobody's there

Don't you love a farce? My fault, I fear
I thought that you'd want what I want, sorry my dear
But where are the clowns? Send in the clowns
Don't bother they're here

Isn't it rich? Isn't it queer?
Losing my timing this late in my career
But where are the clowns? Send in the clowns
Well, maybe next year

Financial Troubles For Many Nations In The New Year Bob Chapman | 2012 is going to be quite a year with falling economies in the UK, Europe, the US, China, Japan and the remainder of Asia. Ron Paul’s poll numbers are up in Iowa (Washington Post) [ As indeed they should be if people are truthful about wanting real change for the better. Historical headwinds Gingrich, Romney and Paul against the odds. (Washington Post) [ This is without doubt the most disappointing article by an otherwise invariably clear thinking Mr. Will. I’m glad for his disclosure (the Perry link) inasmuch as at least there is the possibility of a modicum of reason behind what otherwise would constitute a total ‘lack of reason’. Mr. Will sets forth some interesting tidbits of a category of sorts of history as if prepping for a round of Jeopardy, so obscure as they are. Relevance to today, that is also as obscure. If Mr. Will, of all people, cannot discern the difference today, from the america of yesterday, one does have to wonder who can. Yet, I do believe the vast majority in america do in fact discern such a difference. Why? Because the magnitude of that reality (of difference) is so great that one would have to be literally brain-dead to not discern it. Pervasively corrupt and quite literally defacto bankrupt, america’s at the cusp of a complete collapse in every way a nation could collapse; viz., financially, economically, politically, geopolitically, and legally. Indeed, so stark are these realities despite organized obfuscation, the same direction / status quo is blatantly untenable to even the most stalwart of ‘stay the course types’. Other than the black vote (roughly 18% according to’the first black president, clinton’) and the relatively few remaining wobama loyalists, I do believe, though belated, it’s human nature for that clear majority to opt for the chance of survival (of a nation) rather than the already worn path of decline as tread by wobama. Then comes the distinction between the failed president wobama and the alternative; Ron Paul being the ‘man, with a plan, that’s not already been ran’. New direction, change is sorely needed; which wobama promised, but never delivered, jive-talking con-man that he is.

George H.W. Bush said to support Romney (Washington Post) [“I think Romney is the best choice for us,” said poppy bush. Exactly! Though surprisingly candid given his oft shady rhetoric; from read his lips ‘no new taxes’ to ‘he’s thinking anew’, words he ascribed to Lincoln; he really means this ‘us’ thing; not u.s. mind you; but literally us as in the untalented (war) criminal bush clan that spawned two failed presidents and have rested hopes for a third (jebby the judas – or at least a still viable political ‘leeching of america’ position – same for his lying -9/11- buddy tom kean’s son) in the ever increasingly desperate romney. So poor a job did poppy do, he, like ‘wobama the b for b***s***, was a ‘one-termer’ (even bush failure 2 who ranks among the worst presidents in american history, just a notch above wobama –the worst-, got two terms – people were still buying into their self-created ‘national emergency mode’ war propaganda). Then there’s his familial historical ties to fraudulent wall street as well as even hitler et als. But then there’s the military industrial complex so warned against by the great but underrated President General Eisenhower that stands to gain by the bush league approach and certainly romney’s bellicose rhetoric was made to order to accommodate such fleecing enterprises with wars / conflicts made real thereby. ‘Best choice’ … For whom should be the proper query? There’s the cia (and their illegal drug business and bigger off the grid budgets http://albertpeia.com/CIAAgentAffidavit1.jpg ), the communist chinese (that engagement thing as former ambassador that’s worked out so marvelously for america while make ‘those few’ very wealthy), the Carlisle Group, etc.. Then there’s aipac, israel, zionist jews, neo-cons, mental-cases like cheney, bolton, etc., and in the case of aipac have been showing their love … not for americans/america, but for ie., romney and themselves… With rise, Ron Paul could be spoiler in GOP presidential race — or kingmaker As the first votes approach in Iowa, the congressman is a serious force with the potential to upend fight. (Washington Post) [ Spoiler? Kingmaker? How ‘bout ‘the candidate’! If there’s one thing far more scrutinizing eyes than those of the so-called mainstream are apt to point out (ie., Tyler Durden, Jones, Watson, etc.), it’s that the nation hasn’t fared so well with the so-called ‘establishment / mainstream candidates / favorites’. In fact, as we all know, the substantially compromised mainstream candidates with substantially compromised mainstream positions have proven to be downright disastrous for the nation, the people, and the world generally. The time has come in light of realities to say, borrowing the words from Robert Kennedy … Why not? There is no rational argument that militates against a Ron Paul who calls things as they are. After all, whether people like to admit it or not, the fed (like wobama the b for b***s***) has failed virtually all of their mandates. Moreover, the bernanke fed’s policies have helped the frauds / perps (biggest still unprosecuted) on wall street to the detriment of literally everyone else. The same is true of the military industrial complex war-welfare plans as warned against by the great but substantially underrated President General Eisenhower in terms of the few they so favored at everyone else’s expense. The examples go on and on and are too numerous to list. Rogers: Paul is short on appeal (Washington Post) [ Yeah … he ain’t pretty … but this ain’t a beauty contest … Moreover, what has appeal gotten the nation? … where has appeal gotten the nation to? … 4 years of wobama’s ‘appeal’ aka b***s*** has left the nation in the toilet at best, cesspool at worst; and, in large part owing to the glaring fact that if ‘wobama the b for b***s***’ had done what he said he’d do and didn’t, the nation prospects, though still ominous, would have been substantially enhanced. For all but Paul, it’s the failed ‘same old, same old’ which is, as per paraphrasing Einstein, neither a plan, nor strategy, but rather insanity. Gingrich’s time of testingTHE TAKE | Can Gingrich survive rivals’ attacks, build a campaign that sustains his candidacy? (Washington Post) [ ‘Time of testing’? Oh, but he has been tested … scandal-scarred like no other, he has been found wanting … too much … not for the nation, but himself … he’s already failed any and all tests. Newspaper Chaired By Private Equity Head Shockingly Endorses Mitt Romney For President; Ron Paul On Jay Leno Tyler Durden on 12/18/2011 A few hours ago the Des Moines Register threw its support behind the Bain Capital founder, and the man now known to have actively destroyed any trace of his public "service" before his 2007 Massachusettes office handover (with a pending response to a Reuters FOIA, which will disclose just what it was that Romney was so tenuously shredding). Because according to the Iowan newspaper, Mitt Romney "is the best to lead" America, although into what, is not quite clear - perhaps the biggest Fed funded LBO (with a Bain Capital $1 mezz piece) of all time, that of America? We don't know. And neither does the Register's editorial board. What they do know are hollow adjectives, such as "sobriety", "wisdom" and "judgment" which somehow are applicable to Romney, if not so much "betting" and "shredding." Those looking for a late night laugh can read the OpEd below (link to tomorrow's front page here). And ironically, while likely set to provide a very short-term boost to Romney's chances, it is the baseless ongoing accusations against Ron Paul that will likely solidify the groundswell behind the Texan, with such desperate platitudes as "Ron Paul's libertarian ideology would lead to economic chaos and isolationism, neither of which this nation can afford." Because what America certainly needs is more of that old ideology of doing everything just the same and hoping for the best, because if there is anything Romney's would be predecessors have taught us is that hope apparently is a credible strategy. But perhaps most relevant is the reminder that the Des Moines Register is a Gannett company whose Chairman just happens to be one Marjorie Magner, whose bio reads: 'Ms. Magner, 61, is Managing Partner of Brysam Global Partners, a private equity firm investing in financial services firms with a focus on consumer opportunities in emerging markets founded in January 2007. She was Chairman and CEO of Citigroup's Global Consumer Group from 2003 to 2005. She served in various roles at Citigroup, and a predecessor company, CitiFinancial (previously Commercial Credit), since 1987. Ms. Magner currently serves as a director of Accenture Ltd. and Ally Financial Inc. and served as a director of The Charles Schwab Corporation from February 2006 to May 2008. Ms. Magner has broad business experience and financial expertise from the various senior management roles she held with Citigroup." (that Romney felt the need to ‘kiss the ring’ of failed president poppy bush says a lot about ‘regressive political persuasion’

In N.H., Romney steps up attacks on Gingrich(Washington Post) [ Yeah … he’d better get going, ratchet up the rhetoric; after all, slimy newt’s just gotten the endorsement of ‘celebrity mobster madman’s (trump’s) apprentice’, ‘gary the b’ (for berserk) busey (most notable for his role in the film ‘Tomcats’ as the guy with only half a pair of b**ls!) (Drudgereport: Gary Busey Endorses Gingrich... ). Five myths about Ron Paul (WP) [ For me, the litmus test for any candidate, though somewhat personalized, is generally applicable to the entire national electorate. It falls within that very broad category; viz., ‘been there, done that’. It is no mystery that the current wobama regime, et als are trying in every which way to censor, obstruct, and otherwise control the free-flow of information, particularly now the internet, which really works against failed administrations as that currently in place. By every measure you can gauge the success or failure of a presidency, wobama the b for b***s*** is an abject failure. There is not one reason based upon what he said he would do last time around, didn’t do, but as we now know had he done as he said the nation would have clearly been better off this day. He basically continued the policies of the prior failed presidency of war criminal dumbya bush, including the same or similarly connected players, despite having campaigned vociferously condemning same (CIA lawyer says Obama administration backed and continued virtually all Bush-era programs Natural News ). Clinton was the luckiest of all recent presidents in having the benefit of the peace dividend to smooth things over, by way of the one and only but very significant accomplishment of Reagan / Gorbachev; yet, he found ways through deep-seated mental issues to fail, which we all endured as if watching a soap opera unfold. Incompetent george h.w. bush (‘poppy’) was basically the ‘cia in disguise’ which kept up the ops which included that snookering of then american proxy, sadam hussein, by u.s. ambassador april glaspie (see more here infra) (george h.w.bush was also ambassador to communist china and we all know how that’s turned out for america; but, ‘they’ and ‘theirs’ have made a bundle.. poppy and clinton were tied by ‘virtue’ of their cia / Mena, Arkansas cocaine drop / connection [ for me that connection was devastating to my RICO case which involved the laundering of drug money through the trump casinos in atlantic city,n.j., and poppy is after all, war criminal dumbya bush’s father ( see ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm , and, america also leads in the illegal drug trade, infra ) . .. calls for impeachment ..‘fast and furious debacle’. Despite campaign promises, there have been no high level prosecutions of the wall street frauds which are still extant in the trillions. That ‘8%’ unemployment; don’t completely dismiss same as they may just have enough of their stand-ins to work exactly 1 day to be counted;that’s at best... as they’ve done, manipulate/fudge/outright lie about the numbers (actual unemployment is beyond 15%). Gingrich actually carved out exceptions for fraudulent wall street to the applicability of the RICO Act to their frauds, among many other unscrupulous acts which will emerge; along with having sought the endorsement of mobster, mental case trump.. romney follows suit with a trip to kiss the ring of failed president poppy bush while cow-towing as all but Paul to the israeli lobby. So I, as should be so for the entire nation, say results count. (For me, it’s resolution of those corrupted RICO matters). Reality counts. What’s gone before has failed;new direction, policies are required. After all, Einstein did say, paraphrasing, ‘doing the same thing over and over again and expecting a different result’ is insanity. Ron Paul’s still standing!

America’s shine is wearing off I know why we are falling into a cataclysm of debt and can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom, freedom generally did they come to these shores. A rare exception to the influx of immigrants to this young nation who turned out to be more a virus to the indigenous peoples of this land than what could have been expected from those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so positioned abroad would have represented a positive addition to the gene pool which, borrowing from an insurance term, viz., adverse selection, springs forth the notion of inevitability to the genocide of the indigenous populations while guaranteeing the decline we see throughout this foundering nation. The effects of these negative predispositions toward inherent criminality is certainly being felt globally as well as domestically and has little to recommend it. My own direct experience with the region(s) (particularly new jersey, new york, virginia, connecticut, california) carves out no exception for the prevalence of the worst of human nature; which is now collectively and pervasively americana. Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm

CRIME STATS(u.s.No.1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

SHARE YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:

The following is my comment to an LA Times article regarding a Justice Department cover-up! As for your inquiry, all I think about day and night is a long overdue resolution to the RICO litigation as set forth therein:

ATF Chief Melson:Justice Department trying to shield officials (LATimes) Serrano

I believe him!

 I truly empathize with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu:   Died February 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]

Here’s some real, complicit cover-up / fraud on the part of the federal government, et als:

October 15, 2010 (*see infra {ultimately delivered by UPS})

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700

Los Angeles, CA 90024

Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case  RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages)      [  ricosummarytoFBIunderpenaltyofperjury.pdf   http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf          ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as     fbicorrespondencereyes.htm     .   With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the    RICO VERIFIED COMPLAINT    (see infra). Such includes and as set forth in the case, inter alia,

• A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
• Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
• The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages:   [  Shiff Order of Dismissal With Prejudice on Coan’s Failure to File        Page 1                Page 2          ]
• Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [   transcript in pertinent part -     http://albertpeia/crossexamofcoanbypeia.pdf    ]
• Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.

• Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.],   Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.

Sincerely,

Albert L. Peia

611 E. 5^th Street, #404

Los Angeles, CA 90013

(213) 219-**** (cell phone)

(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651 -magic jack}

                       ----------

*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]

GOOGLE SEARCH – ‘LARRY KLAYMAN, LOUIS FREEH CORRUPT’

ABOUT 6,240 RESULTS (0.11 SECONDS)

· Trulock Sues FBI Director Freeh

archive.newsmax.com/articles/?a=2000/7/30/211047

Jul 31, 2000 – Judicial Watch is a public-interest law firm that fights corruption in government. To read Larry Klayman's letter to Louis Freeh, ...

· Judicial Watch - Because no one is above the law!

www.judicialwatch.org/archive/newsletter/2003/0203b.shtml

... security," said JW Chairman Larry Klayman. "His behavior stands in stark contrast to Louis Freeh, a man so corrupt he destroyed the office he led, ...

· Freedomwriter.com :: Headline News :: - America - JUDICIAL ...

www.freedomwriter.com/issue20/am15.htm

“Louis Freeh will finally have to answer in court for what he did to our clients. ... answers,” stated Judicial Watch Chairman and General Counsel Larry Klayman. ...

· Infowars.com -- Talk Radio's Alex Jones v. the New World Order

www.infowars.com/jw_transcript.htm

Klayman, Larry, Chairman, Judicial Watch ... My name is Larry Klayman. ... interest group that investigates and prosecutes government corruption and abuse. ...... They seized his computer – these are FBI agents at the direction of Louis Freeh, ...

· JUDICIAL WATCH REJOICES AT RESIGNATION OF FBI DIRECTOR LOUIS FREEH

www.judicialwatch.org/archive/2001/printer_921.shtml

May 3, 2001 – Because of his corrupt behavior, Freeh was placed on Judicial Watch's ... stated Judicial Watch Chairman and General Counsel Larry Klayman. ...

· The hazing of Judge Lamberth

www.wnd.com/index.php?pageId=5374

May 27, 2000 – By Larry Klayman ... While Judicial Watch has asked FBI Director Louis Freeh to .... lawsuits against a corrupt and unrepentant Clinton-Gore ...

· Trulock, Conrad v. Freeh, et al, Employees of FBI

cryptome.org/trulock-v-fbi.htm

LOUIS J. FREEH, in his personal capacity; NEIL GALLAGHER, in his No. ... COUNSEL ARGUED: Larry E. Klayman, JUDICIAL WATCH, INC., Washing- ton, D.C. ...

America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm

Iraq

from the book

The CIAs Greatest Hits

by Mark Zepezauer

‘The Gulf War of early 1991 didn't change much. Our old buddy, the despotic Emir of Kuwait, is back on his throne. Our former buddy, Saddam Hussein, while knocked down a peg or two, is still in power and as brutal as ever. Hundreds of thousands of Iraqis are dead, hundreds of US veterans are suffering from a mysterious disease, and the Persian Gulf has been ravaged by the largest oil spill in history. The question naturally arises, could any of this have been avoided?

The whole dispute started because Kuwait was slant-drilling. Using equipment bought from National Security Council chief Brent Scowcroft's old company, Kuwait was pumping out some $14-billion worth of oil from underneath Iraqi territory. Even the territory they were drilling from had originally been Iraq's. Slant-drilling is enough to get you shot in Texas, and it's certainly enough to start a war in the Mideast.

Even so, this dispute could have been negotiated. But it's hard to avoid a war when what you're actually doing is trying to provoke a war.

The most famous example of that is the meeting between Saddam and the US Ambassador to Iraq, April Glaspie, five days before Iraq invaded Kuwait. As CIA satellite photos showed an Iraqi invasion force massing on the Kuwaiti border, Glaspie told Hussein that "the US takes no position" on Iraq's dispute with Kuwait.

A few days later, during last-minute negotiations, Kuwait's foreign minister said: "We are not going to respond to [Iraq]....If they don't like it, let them occupy our territory....We are going to bring in the Americans." The US reportedly encouraged Kuwait's attitude.

Pitting the two countries against each other was nothing new. Back in 1989, CIA Director William Webster advised Kuwait's security chief to "take advantage of the deteriorating economic situation in Iraq to put pressure on Iraq.'' At the same time, a CIA-linked think tank was advising Saddam to put pressure on the Kuwaitis.

A month earlier, the Bush administration issued a secret directive that called for greater economic cooperation with Iraq. This ultimately resulted in billions of dollars of illegal arms sales to Saddam.

The Gulf War further destabilized the region and made Kuwait more dependent on us. US oil companies can now exert more control over oil prices (and thus boost their profits). The US military got an excuse to build more bases in the region (which Saudi Arabia, for one, didn't want) and the war also helped justify the "need" to continue exorbitant levels of military spending. Finally, it sent a message to Third World leaders about what they could expect if they dared to step out of line.’

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge
October 17, 2011By now everyone has had a chance to play with the US debt clock. But what about its global cousin? Courtesy of The Economist, we now have a convenient way to track the hundreds of millions in dollars added each and every hour by the global governments who see to spur global deleveraging by, you guessed it, adding more debt. Yes, in the process the world’s sovereigns are transferring default risk away from global corporations to sovereigns, but few in the #OWS crowd appear to have yet figured out this rather disturbing and very insidious usurpation of sovereignty by the global corporatocracy, so said risk and leverage transfer will continue until such time as any and all paper backed by these insolvent corporate shells (f/k/a countries) is completely worthless. Regardless, one should not forget that like in the sandalone case, the “debt clock” below only tracks on balance sheet debt. Should one add the NPV of all “welfare state” obligations (pensions, retirement, healthcare), the number will be well over quarter of a quadrillion dollars. Have fun funding that, never mind paying it off…

http://www.economist.com/content/global_debt_clock

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

5-24-13 NEWS / TOPICS

New Business Topics / Articles / Links

New National / World Topics / Articles / Links

Selected Drudge Articles / Links

Business Summary / Links

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal http://albertpeia.com/psycopathssociopathsamericasocietalcollapse.htm , Leading indicators of a stock market top Marketwatch http://albertpeia.com/leadingindicatorsofstockmarkettop.htm , 30 Population Control Quotes That Show That The Elite Truly Believe That Humans Are A Plague Upon The Earth http://albertpeia.com/humanplagueonearth.htm , Insiders now aggressively bearish Marketwatch , Guest Post: All Is Well ZeroHedge.com “Facts do not cease to exist because they are ignored.” – Aldous Huxley The entire system is corrupt to its core. Both political parties, regulatory agencies, Wall Street, the Federal Reserve, and mainstream media are participants in this enormous fraud. They grow more desperate and bold by the day. The lies, misinformation and propaganda being spewed on a daily basis become more outrageous and audacious. They are using the Big Lie method on a grand scale. They frantically need to lure the muppets into the stock market and the housing market to keep the game going a little longer. You can sense we are reaching a tipping point. The system they have created is mathematically unsustainable. Therefore, it will not be sustained… , http://albertpeia.com/americadoomed.htm , http://albertpeia.com/americarunbyidiots.htm , http://albertpeia.com/16signsmidclassoutofmoney.htm , The Chart That Proves That The Mainstream Media Is Lying To You About Unemployment http://albertpeia.com/mainstreammediasunemploymentlies.htm , Private Prisons: The More Americans They Put Behind Bars The More Money They Make http://albertpeia.com/imprisonamerica.htm , The Biggest Lie Ever Sold to the American Public http://albertpeia.com/biggestlieevertoldandsold.htm , In Re INa DReW... : williambanzai7 - It's all Bull S*** folks and its bad for ya!--George Carlin http://albertpeia.com/jailjamiecorzine.htm , An Orwellian America - The state, crippled by massive deficits, endless war and corporate malfeasance, is clearly sliding toward unavoidable bankruptcy. It is time for Big Brother to take over from Huxley’s feelies, the orgy-porgy and the centrifugal bumble-puppy. We are transitioning from a society where we are skillfully manipulated by lies and illusions to one where we are overtly controlled. We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance... We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance. , Sell by May and Go Away! , Why Is The World Economy Doomed? The Global Financial Pyramid Scheme By The Numbers http://albertpeia.com/worldeconomydoomed.htm { And, truth be told, with just decades left at best, not just the economy! } , The Global Elite Are Very Clearly Telling Us That They Plan To Raid Our Bank Accounts http://albertpeia.com/elitesraidingbankaccounts.htm , THE MAN WHO PREDICTED JAPAN’S LOST DECADE… THE RECESSION OF 1990-92… THE BIGGEST BULL MARKET RUN IN U.S. HISTORY… AND MOST RECENTLY, THE 2008 CREDIT CRISIS AND STOCK MARKET CRASH… NOW PREDICTS: "DOW 3300!" http://albertpeia.com/dow3300.htm , 4 strategies for the coming crash Paul B. Farrell … The market sinks deep into its third bear of the 21st century. Wall Street loses another $10 trillion of our retirement money… http://albertpeia.com/4strategiesforcomingcrash.htm , 11 Economic Crashes That Are Happening RIGHT NOW http://albertpeia.com/11economiccrasheshappeningnow.htm , Who Gave North Korea Nukes In The First Place? Paul Joseph Watson | The U.S. government and the CIA. http://albertpeia.com/usgavenokoreanukes.htm , The Illusion of Toothless Sharks Harry Dent http://albertpeia.com/illusionoftoothlesssharks.htm , Guest Post: Don't Ask - It's Magic! "Any sufficiently advanced cartel's actions are indistinguishable from magic." http://albertpeia.com/magictillcrashreality.htm , ASiA AND THe GLoBaL MaNDeLBRoT SeT... by: williambanzai7 http://albertpeia.com/madamkimbo.htm , The Big Banks Are Recklessly Gambling With Our Money, And It Will Cause The Global Financial System To Collapse http://albertpeia.com/banksgamblingwithyourmoney.htm , THE END OF BARACK OBAMA? SCANDAL/ECONOMIC DISASTER BREWING! Porter Stansberry http://albertpeia.com/usobamadisaster.htm , The Chart That Will Crash The Market: “We Have Reached the Terminus” http://albertpeia.com/marketcrashterminus.htm , 21 Statistics About The Explosive Growth Of Poverty In America That Everyone Should Know http://albertpeia.com/21statsexplosivegrowthofuspoverty.htm , More Than 101 Million Working Age Americans Do Not Have A Job http://albertpeia.com/morethan101millionwojobs.htm , 100 Years Old And Still Killing Us: America Was Much Better Off Before The Income Tax http://albertpeia.com/incometaxkillingus.htm , HeaDS I WiN... http://albertpeia.com/headsiwin.htm , QE TiTaNiC 2013... http://albertpeia.com/benusstitanicqeedkoed.htm , Large Explosions Reported At Boston Marathon; Numerous Injuries And Casualties , San Fran Fed Blames High California Unempolyment And Rising Poverty On Highly Efficient Workers { Yeah … riiiiight! … No wonder they had to legalize medical marihuana … what have they been smokin’… Oh … right … not tobacco! } , Headline Of The Day Senate Judiciary Committee has delayed a hearing on immigration reform a day before a bipartisan bill is to be introduced…delay was to give senators more time to read the bill {Sounds like a plan! } , Gold's VIX Term Structure 'Most Inverted' Since Lehman US Households On Foodstamps Hit Record High Homebuilder Confidence Plunges To 6 Month Low, Puts Housing "Recovery" Meme In Jeopardy Empire Fed Latest Economic Disappointment, Drops To Lowest Since January, Misses Expectations , 25 Things That You Should Do To Get Prepared For The Coming Economic Collapse http://albertpeia.com/25thingsprepareforeconomiccollapse.htm , FeDeRaL ReSeRVe DoPe... http://albertpeia.com/federalreservedope.htm , Dow Jones At New All Time Highs - Here's Why { Very bad data of course … more wall street welfare the hopium? } http://albertpeia.com/allbaddataalltimehighs.htm , MarketWatch U.S. stocks rise on ‘buy-the-dip’ mentality { Yeah … riiiiight … we’ve heard that one before, along with the Brooklyn bridge, watches, and jersey swampland (post-Sandy) they’re selling! } , THe END oF MF GLoBaL http://albertpeia.com/endofmfglobal.htm , This is the Worst Trade Off – Ever By Harry S. Dent, Jr., Editor, Survive & Prosper http://survive-prosper.com http://albertpeia.com/worsttradeoffever.htm , The Tunnel People That Live Under The Streets Of America http://albertpeia.com/tunnelpeopleofamerica.htm ,

The Little Boys Who Can’t Harry Dent http://albertpeia.com/littleboyswhocant.htm , BiT BuBBLe MaDNeSS... http://albertpeia.com/bitbubblemadness.htm , A LeVeL PLaYiNG FieLD... http://albertpeia.com/fraudcorruptionspoils.htm , Breaking Bad http://albertpeia.com/breakingbad.htm , Where Do The Rich And Poor Live? http://albertpeia.com/whererichandpoorlive.htm , All Over America Evangelical Christians Are Being Labeled As “Extremists” And “Hate Groups” http://albertpeia.com/christianslabeledextremistshategroups.htm , BaNZai7'S IN-DePTh CoVeRaGe oF THe KiM CHee STaND OFF... http://albertpeia.com/lillkimbo.htm , A DaNGeRouS BuBBLe... http://albertpeia.com/dangerousbubble.htm , ALERT: All Of The Money In Your Bank Account Could Disappear In A Single Moment http://albertpeia.com/bankaccountswipedout.htm , A Surprising Number Of Americans Believe In Conspiracy Theories – And Many Of Them Are Actually True http://albertpeia.com/trueconspiracytheories.htm , STaTe OF THe FiaT FaRCe... http://albertpeia.com/fiatfarce.htm , From North Dakota To New York - Let Freedom Ring In The 50 States - Every two years the 50 states compete for the title of "Most Free State," and George Mason University's Mercatus Center rankings based on 200 factors generalized under Fiscal Policy, Regulatory Policy, and Personal Freedom, provide significant color on just how free (or not) the various states are. http://albertpeia.com/mostfreestate.htm , This Is What It Feels Like To Have Your Life Savings Confiscated By The Global Elite http://albertpeia.com/savingsconfiscation.htm , Cyprus-Style “Bail-Ins” Are Proposed In The New 2013 Canadian Government Budget! http://albertpeia.com/canuckleheads.htm , ACTa EST FaBuLa... williambanzai7 http://albertpeia.com/schtupped.htm , GReaTeR FooL'S DaY 2013... http://albertpeia.com/greaterfoolsday2013.htm , The Easter Bunnies http://albertpeia.com/easterbunnies.htm , Ya CaN'T BeaT THe HouSe... williambanzai7 http://albertpeia.com/housebeat.htm , A DRaGHi IN THe HeaDLiGHTS... williambanzai7 http://albertpeia.com/dragoonsintheheadlights.htm , Words Of Warning: Get Your Money Out Of European Banks http://albertpeia.com/warninggetmoneyoutofbanks.htm , 60 Completely Outrageous Ways The U.S. Government Is Wasting Money http://albertpeia.com/60outrageouswaysgovwastesmoney.htm , Krugman's "Smoot-Hawley Moment" Bruce Krasting http://albertpeia.com/krastingalloverkrugman.htm BLaCKSWaN DiJSSeLBooM! williambanzai7 http://albertpeia.com/blackswan.htm , [ GO DIRECTLY TO TODAY’S BUSINESS HEADLINES ] , La CaGe AuX FooLS... : williambanzai7 http://albertpeia.com/lacageauxfools.htm , Chief Actuary for SS - Raid the Retirement Fund! http://albertpeia.com/governmentraidofssretirementfund.htm , Why You Should Be Terrified Of What Just Happened in Cyprus http://albertpeia.com/terrorofterroristthieves.htm , Mass Panic In Cyprus: The Banks Are Collapsing And ATMs Are Running Out Of Money http://albertpeia.com/masscollapseincypress.htm , HoT CuTs FoR HoT MoNeY... williambanzai7 http://albertpeia.com/hotcutshotmoney.htm ,

FiNaNCe IS THe CoNTiNUaTION OF WaR... williambanzai7 http://albertpeia.com/financewar.htm , { I no longer will be following Phoenix Capital Resources … too much advertising … too much propaganda … too little meaningfully relevant substance (america et al’s problems are huge). After all, with all china’s faults, not the least of which is communism (I’m definitely not their advocate), one must realistically ask, ‘what nation(s), based on lies and for the sake of military industrial complex profits (as warned against by the great but underrated President General Eisenhower) has been engaged in Orwellian perpetual war despite defacto bankruptcy and pervasive corruption’? Not China… Eureka! Amerika et als! Inflation Calls BS on the China “Miracle” http://albertpeia.com/inflationinchina.htm { For the first time I’m constrained to label a piece by Mr. Summers wishful thinking and a u.s. government propaganda piece at best. While aptly pointing out chinese corruption and fraud as is particularly pervasive in america, he conveniently ignores the success of their primitive, basic, simplistic capitalist business model of low costs (primarily labor, materials, etc.) fueled particularly ab initio by american greed. Go to any store and pick up nearly any product and the likelihood of ‘made in china’ is upwards of 95% (then as well, as with apple, taking into account components). Clearly, Mr. Summers lacks depth of understanding/knowledge concerning costs of tooling, retooling, and manufacturing generally, as well as cost accounting among other business/finance disciplines. As regards their nominal communist system, I remain staunchly opposed to the invariable lie of communism, although the meaningfully lawless (‘too big to fail or jail’) and corrupt, oligarchical crony faux capitalist welfare dependent failing (and ever more socialist) system in america is hardly a laudable alternative. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm . The point is, america’s substantial problems are not the result of Chinese corruption; but rather, plain old american pervasive corruption and criminality. } , Marketwatch No stock in Social Security Henry Hebeler There are too many risks to start sinking any part of the Social Security fund into equities. { The desperate wall street/government frauds are at it again, sensing the debacle around the corner. And, just as we’d thought we’d heard the last of this preposterously fraudulent idea from war criminal and (fellow, with wobama) failed president dumbya bush. } , Marketwatch Don't jump into stocks Howard Gold Commentary: Now is not the time to get into equities , Chris Martenson Warns "Market Risks Today Are Higher than Ever"Submitted by Tyler Durden on 03/22/2013 , The Harder They Come, The Harder They'll Fall... Submitted by Tyler Durden on 03/22/2013 , Guest Post: Time To Plan For The Worst Rather Than Hope For The Best Submitted by Tyler Durden

, Initial Claims Continue Grind Lower, Prior Revised Higher Submitted by Tyler Durden on 03/21/2013 , CIA and FBI Counter-Terrorism Officials: Cheney Lied About 9/11 Hijacker Posted by: George Washington Post date: 03/20/2013 - Cheney Caught In Another Major Lie ‘Preface: Obama is worse. Everyone knew that Iraq did not possess weapons of mass destruction (update here). Dick Cheney admits that he lied about 9/11…..Postscript:  Indeed the entire torture program was implemented in an attempt to justify the Iraq war.  And the 9/11 Commission was set up with false torture testimony.  More background on the Iraq war. , Guest Post: How I Became A Trillionaire (And Some Thoughts On Inflation) Submitted by Tyler Durden on 03/20/2013 - These photos illustrate the fundamentally arbitrary nature of fiat (paper) money. Why do we prefer the $100 greenback over the $100 trillion note issued by the Reserve Bank of Zimbabwe? The purchasing power of the Benjamin far exceeds the purchasing power of the $100 trillion bill. But the Benjamin is not immune to inflation; the dollar has lost about 95% of its 1900 purchasing power.  If 95% of households are experiencing a loss of purchasing power and most of the new money and credit are flowing to the top 5%, you get asset bubbles, not demand-driven inflation. When 95% of the households are poorer in terms of purchasing power and financial wealth, where can demand-driven inflation arise in a global economy of massive manufacturing and labor over-capacity? The rise in costs within industries controlled by cartels (healthcare, higher education, defense, etc.) may look like demand-driven inflation, but are actually transfers of wealth and purchasing power from households to the government-protected cartels. , The Great Cyprus Bank Robbery Shows That No Bank Account, No Retirement Fund And No Stock Portfolio Is Safe http://albertpeia.com/noaccountfundportfoliosafe.htm , After The Banksters Steal Money From Bank Accounts In Cyprus They Will Start Doing It EVERYWHERE http://albertpeia.com/bankstersstealingagain.htm , The Dark Truth About The Safety Of Your “Savings” http://albertpeia.com/bankrunsandsystemicfailure.htm , Marketwatch Jeff Reeves 10 signs of a tumble http://albertpeia.com/stockstotumble.htm , Will The Banking Meltdown In Cyprus Be A “Lehman Brothers Moment” For All Of Europe? http://albertpeia.com/bankingmeltdown.htm , Could Cyprus Blow Up the Entire Banking System? http://albertpeia.com/bankingsystemcollapse.htm , INVeRTeD EuRo MaRXiSM... Posted by : williambanzai7 http://albertpeia.com/invertedeuromarxism.htm , BiG PiCTuRe: THe CYPRuS EFFeCT... : williambanzai7 http://albertpeia.com/bigpiccypruseffect.htm , Texas Public School Curriculum Teaches Students To Design A Socialist Flag And That Christianity Is A Cult http://albertpeia.com/socialistamericanpropaganda.htm , Nigel Farage Message To Europeans: "Get Your Money Out While You Can"Submitted by Tyler Durden , 11 Things That The Obama Administration Is Doing To Promote More Illegal Immigration http://albertpeia.com/11thingsosdopromoteillegalimmigration.htm , The Fed Has Set Us Up For the Crash of 2013 http://albertpeia.com/fedsetsupcrash2013.htm , 12 Things That Just Happened That Show The Next Wave Of The Economic Collapse Is Almost Here http://albertpeia.com/12thingsnextwavecollapsehere.htm , 17 Signs That A Full-Blown Economic Depression Is Raging In Southern Europe … U.S. Next? http://albertpeia.com/euusdepression.htm , China Just Sounded a Warning Bell For What’s Coming Our Way http://albertpeia.com/chinaswarningbell.htm , The Federal Reserve System Is A Massive Wealth Redistribution Scheme http://albertpeia.com/fedreservemassivewealthredistributionscheme.htm , ALL HaiL THe QUaNTiTaTiVe EaSeRs...AND BeWaRe THe IDeS oF FARCE... http://albertpeia.com/bewaretheidesoffarce.htm , The Inflation Secrets Your Broker Won’t Tell You About http://albertpeia.com/inflationcoveredup.htm , [ GO DIRECTLY TO TODAY’S BUSINESS HEADLINES ] , The Dow Hits An All-Time High! Translation: A Bubble Is Always Biggest Right Before It Bursts http://albertpeia.com/bigbubbleburst.htm , 30 Facts About The Coming Water Crisis That Will Change The Lives Of Every Person On The Planet http://albertpeia.com/30factsonwatercrisis.htm , Marketwatch Paul B. Farrell Your sequestered brain ‘The next crash is coming but few see it. Here's why you're hard-wired to repeat your mistakes.’ http://albertpeia.com/nextcrashcomingfewsee.htm , Eric Holder: Some Banks Are So Large That It Is Difficult For Us To Prosecute Them Submitted by Tyler Durden on 03/06/2013 - { Come on! That’s ridiculous and a bald-faced cowardly lie! First, you prosecute the individuals, not necessarily the employing corporation. Sure, there may be derivative liability (pun intended); but, that’s surely no reason not to prosecute. After all, there is a whole history of prosecution of such ‘combines’ of criminality, to america’s growth and betterment as a consequence thereof. Quite simply, it’s the familiar and now pervasive story of plain old american corruption. I mean, come on … from my own direct observation and experience, trump, a corrupt judge here and there, have no such dire, humongous impact on the economy. Rather, it’s the precise opposite that is true; not only from the confidence and salutary expectations created from prosecutions of such ilk; but as well, from the proper allocations of resources created by such prosecutions (crime should never pay, but in america it now does and well at that; and just look at the results in america’s significant decline! That’s just typical, self-serving, lazy jivetalking b***s***!) … , , Goldman Sachs Made $400 Million Betting On Food Prices In 2012 While Hundreds Of Millions Starved http://albertpeia.com/squidfood.htm , Does China Plan To Establish “China Cities” And “Special Economic Zones” All Over America? http://albertpeia.com/chinatowns.htm , 25 Signs American Women Are Being Destroyed By The Sexual Revolution And Our Promiscuous Culture http://albertpeia.com/uspromiscuity.htm , Is There Such a Thing as The Perfect Trade? http://albertpeia.com/unperfecto.htm , Is China an Economic Miracle or Government Sponsored Fraud? Pt 2 http://albertpeia.com/chinafraud.htm , Assistant Attorney General Breuer Gets DOJ Boot In "Untouchables" Aftermath , Corporatism: A System Of Control Designed By The Monopoly Men Of The Global Elite http://albertpeia.com/corporatistcontrol.htm , The Sequestration Debate Misses the REAL Issue Posted by : George Washington Post date: 02/25/2013 - Waste and Fraud Are the Real Causes of the Deficit , 50 Signs That The U.S. Health Care System Is A Gigantic Money Making Scam That Is About To Collapse http://albertpeia.com/50signsushealthcaresytemcollapse.htm , The Banks Show No Mercy: 10 Foreclosure Horror Stories That Will Blow Your Mind http://albertpeia.com/banksshownomercy.htm , Oscar winners in photos Marketwatch { Say what you want about Kentucky; but, some band’s got to come up with the song, ‘Kentucky (not California) Girls’. Whew! Ridley Scott had a great find in Sean Young (‘Blade Runner’). But Jennifer Lawrence? Wow! What a spectacular, total babe! And, she can shoot a bow and arrow too (I think). Parenthetically, while there are many aspects of a actor’s performance/demeanor/actions on and off the set that constitute worthy scrutiny, falling on the way to pick up an oscar for best actress at age 22 is definitely not one of them. Totally meaningless and appropriately forgettable. If she was wearing running shoes and short shorts, that never would have happened. After all, when really will she wear such garb, albeit exquisite on her, again?…Next Academy Awards Oscar Ceremony to pick up another, and another, etc., of course. Yet, one can hardly say ‘practice makes perfect’ when referencing such an exotic creature as she. } , ***** I've not posted to my website, etc., (except for myahoo daily news since the dates are already posted), since 2-08-13 because .....it's the lunar new year and Chinese markets are not open ..... just kidding! ..... because I'm on vacation .....just kidding again! .....actually, it's because I'm backing up my entire website to one of my laptops. It's taking longer than anticipated as I now enter the fourth day of download (has taken five days, total) ..... more and an update file - http://albertpeia.com/aupdate21413.htm , Who Tells Us What To Think? Does The Mainstream Media = The Matrix? http://albertpeia.com/mainstreammediamatrix.htm , Show This To Anyone That Believes That “Things Are Getting Better” In America http://albertpeia.com/thingsgettingworseinamerica.htm , Money Is A Form Of Social Control And Most Americans Are Debt Slaves http://albertpeia.com/socialcontroldebtslaves.htm , 40 Ways That China Is Beating America http://albertpeia.com/40wayschinabeatingamerica.htm , It’s Time For Name That Insolvent Banking System! http://albertpeia.com/insolventbankingsystems.htm , Europe is Fixed? Just Like Wall Street Was “Fixed” in May 2008, How’d That Turn Out? http://albertpeia.com/europeaintfixed.htm , WARNING: The EU Crisis is BACK and Will Be Getting Worse in the Coming Weeks http://albertpeia.com/eucrisisbackandworse.htm , Petrogold: Are Russia And China Hoarding Gold Because They Plan To Kill The Petrodollar? http://albertpeia.com/deathofpetrodollar.htm , Is It Fair For People On Food Stamps To Buy Prime Rib And Lobster While Working Families Barely Survive? http://albertpeia.com/wobamagravytrain.htm , El-Erian On Stocks: "Prices Are Artificially High - It’s Time to Take Profits" , Moody's cuts U.K. AAA rating by one notch Marketwatch , The start of the 100-year bear Marketwatch Paul B. Farrell Here are 5 dangers ahead that could tip the stock market into a long decline. Which hits first? http://albertpeia.com/100yearbear.htm ‘…Many other Dr. Dooms predict new 2008 crash, long bear market Today, Prechter is in great company, one of many other well-known “Dr. Dooms” who have long-term visions, in a myopic world. You’ll see Prechter alongside such other great “Dr. Dooms” as Hong Kong’s Marc Faber ... celebrity economist Nouriel Roubini ... Nobel economist Joseph Stiglitz, author of “Freefall” ... $100 billion money manager Jeremy Grantham, who says our GDP is “On the Road to Zero Growth” ... Forbes columnist Gary Shilling, who sees the S&P dropping 45% to 800... historian Niall Ferguson, author of “Colossus: The Rise and Fall of The American Empire” ... hedge fund genius Nassim Taleb, author of “Black Swan” ... former IMF chief economist Simon Johnson, co-author of “White House Burning” and “Doomsday Cycle” ... billionaire trader George Soros, who just made a billion shorting the yen ... economists Carmen Reinhart and Kenneth Rogoff, whose classic “This Time is Different: Eight Centuries of Financial Folly” says it all ... anthropologist Jared Diamond whose “Collapse” warns us that throughout history civilizations fail because leaders fail to plan and act in time ... and other “Dr.Dooms” we’re tracking. So yes, Prechter and his Dow 400 and 100-year bear-market predictions are in good company. And we even have to include Pimco’s Mohamed El-Erian, who manages a $2 trillion portfolio along with “Bond King” Bill Gross. El-Erian recently warned investors about the “New Normal: Low Growth, Few Jobs.”…’ , 20 Signs That The U.S. Economy Is Heading For Big Trouble In The Months Ahead http://albertpeia.com/20signsuseconomyinbigtrouble.htm , Spain Just Issued a Warning: The System is Blowing Up Again http://albertpeia.com/spainswarningofsystemcollapse.htm , How Corrupt is Goldman Sachs? { Short answer … VERY! } Goldman Clients Get the Shaft... AGAIN http://www.wealthdaily.com - BRITON RYLE The latest example of Goldman's profit-mongering deceit is so blatant, so downright perverse, it's almost comical. Almost. Analyst Briton Ryle explains... { Prosecution, disgorgement, and jail is where they belong! } { Their ‘Don’t look a gift-horse in the mouth’ (self-serving) advice really takes the cake! … Goldman 'Explains' The 'Market': "Best Not To Look A Gift-Horse In The Mouth" ZH { Riiiiight! Sounds like a plan! The ‘gift-horse’ that’s … not a gift-horse at all … You’re paying through your nose and teeth. It was amusing to see mainstream media puzzling over the record high gas prices so early in this time of year, and as well, the coming jump in beef prices. There’s no mystery here! This is the natural and inevitable concomitant to ‘printing presses gone wild’. Not printing presses for product for intellectual consumption; but rather, printing presses (whether by print or computer ledger entry) for those ever more worthless paper fiat dollars backed by nothing but insurmountable debt of a defacto bankrupt nation. Remember: There’s no free lunch … fraudulent wall street’s predictable/intended gain (from QE, currency debasement, etc.) is your substantial pain! It’s the zimbabwee financial model gone american … , Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Tyler Durden { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! } , [ GO DIRECTLY TO TODAY’S BUSINESS HEADLINES ] The Big Dogs On Wall Street Are Starting To Get Very Nervous http://albertpeia.com/dogseatheirownfeces.htm { Not widey publicized is the fact that dogs eat their own feces. I shockingly saw this first hand of a pedigreed german shepard before learning the fact that such is a dog trait. Cats certainly do not (eat their own feces)! No wonder dogs are considered in america to be ‘man’s best friend’. Yuck! } , The Wal-Mart Indicator: We’re Heading for a Stagflationary Disaster http://albertpeia.com/stagflationarydisaster.htm , Will Americans Soon Not Be Able To Buy, Sell Or Get A Job Without A Global ID Card? http://albertpeia.com/globalid.htm , Goldman 'Explains' The 'Market': "Best Not To Look A Gift-Horse In The Mouth" ZH { Riiiiight! Sounds like a plan! The ‘gift-horse’ that’s … not a gift-horse at all … You’re paying through your nose and teeth. It was amusing to see mainstream media puzzling over the record high gas prices so early in this time of year, and as well, the coming jump in beef prices. There’s no mystery here! This is the natural and inevitable concomitant to ‘printing presses gone wild’. Not printing presses for product for intellectual consumption; but rather, printing presses (whether by print or computer ledger entry) for those ever more worthless paper fiat dollars backed by nothing but insurmountable debt of a defacto bankrupt nation. Remember: There’s no free lunch … fraudulent wall street’s predictable/intended gain (from QE, currency debasement, etc.) is your substantial pain! It’s the zimbabwee financial model gone american … , Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! } “Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical)…” , Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe. , [ GO DIRECTLY TO TODAY’S BUSINESS HEADLINES ] , Watch The Financial Markets In Europe http://albertpeia.com/europeanmeltdown.htm , The Fed is Beginning to Remove the Punchbowl… Are You Ready For What’s Coming? http://albertpeia.com/fedpunchedout.htm , Drudgereport: EX-LAPD WANTED IN COP SHOOTINGS... Left 20-page manifesto on FACEBOOK... Uncensored... { http://albertpeia.com/niggersmanifesto.htm } Supports gun control, Obama and Piers Morgan... { Yeah … and venal-la feinstein’s position on guns too … he seems the perfect fit for DHS (homeland security); you know, disarm the sane leaving them defenseless while stocking up on heavy weaponry they and other nut-cases can kill you with … loves O …You can’t make this stuff up in pervasively corrupt, meaningfully lawless, defacto bankrupt America http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } Wrote online message to Tebow... , Guest Post: Britain's Greatest Depression ZH , Dave’s Daily: http://www.etfdigest.com ‘INVESTORS LOOK FOR BETTER NEWS 2-7-13 … http://albertpeia.com/daveschart20713.gif http://albertpeia.com/daveschart20713no2.gif http://albertpeia.com/daveschart20713no3.gif Stocks fell sharply early occasioned first by poor economic data as Jobless Claims (366K vs 360K expected & prior revised to 371K from 368K). This allowed headline writers to spin a larger drop in claims than was deserved. Productivity fell (-2% vs -1.3% expected & prior revised higher to 3.2% vs 2.9%) and Costs rose (4.5% vs 3.1% expected & prior revised lower to -2.3% vs -1.9%). These numbers are a poor combination of weaker productivity and higher costs…’ , U.S. stocks close lower on buying fatigue Marketwatch { Wow! Buying fatigue! Riiiiight! How ‘bout those paper bubble-market QE fed air bubble stocks are not worth the paper they’re printed on, beyond the fraud and computerized manipulation; particularly when factoring macro and micro economic reality! } , Do Wall Street Insiders Expect Something Really BIG To Happen Very Soon? http://albertpeia.com/marketcrashcomin.htm , Tony Bennett: If Americans Keep Firearms, “Rest of the World Will Really Take Care Of Us” Kurt Nimmo | Compares America upholding Second Amendment to Nazi Germany. { Come on! Who takes anthony dominick benedetto aka tony bennett seriously … his herpes virus has probably migrated to his brain! Probably a Mussolini fan and in real time at that! } , The European House of Cards is About to Collapse http://albertpeia.com/europeanhouseofcards.htm , Dave’s Daily: http://www.etfdigest.com ‘MARKETS TREADING WATER 2-6-13 We've seen some great bullish returns from equities over the past month. It may be time for markets to take a breather and consolidate. Nevertheless, the primary stimulus for growth remains Fed QE to the tune of $85 billion per month. This liquidity has done what it’s intended to do—push stock prices higher. This is in contradiction to the Fed’s announced intent (relieve unemployment & stimulate economic growth) but they “wink wink” know higher stock prices are the immediate result of these policies… http://albertpeia.com/daveschart20613.jpg .. http://albertpeia.com/daveschart20613no2.jpg .. ’ , Who Controls The Money? An Unelected, Unaccountable Central Bank Of The World Secretly Does http://albertpeia.com/bankforinternationalsettlementscontrolsthemoney.htm , These Guys “Made” 2% of Their Country’s GDP Last Year http://albertpeia.com/2percenters.htm { I include this here because I’m against the lie and failed system of communism (China’s gains have been ‘capitalist’) which invites corruption by way of powerful, entrenched bureaucracies of for the most part relatively untalented, unproductive people; much like the pervasively corrupt america today that I have observed closely and directly experienced http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm … then as well, there’s the wars, huge protected (ie., wall street, etc.) frauds, etcetera..} , The White House is "Judge, Jury and Executioner" of Both Drone and Cyber-Attacks Posted by : George Washington Post date: 02/05/2013 Bush and Obama Have Set Us Back 800 Years , Too Scared To Jail: Untouchable Banks http://www.wealthdaily.com FEB 06 - ADAM ENGLISH Department of (In)Justice We're all second class citizens when the Department of Justice refuses to enforce the law. It's "too big to jail" that comes out on top... Read More... , Dave’s Daily: http://www.etfdigest.com ‘BULLS REMAIN DETERMINED 2-5-13 There wasn’t much news Tuesday to ignite a rally but bulls are still flying with the Fed the wind beneath their wings. …’ , The EU’s Systemic Corruption Makes Solving the Crisis Impossible http://albertpeia.com/useusystemiccorruption.htm , Rise Of The Droids: Will Robots Eventually Steal All Of Our Jobs? http://albertpeia.com/riseoftherobots.htm , Twinkies Union Issues Ultimatum: We Get Our Jobs Back Or The Company Gets It Again ZH , 8,583 Dead Americans http://www.wealthdaily.com America's Gun Violence Problem is NOT Guns http://albertpeia.com/usgunviolenceproblemisnotguns.htm , Drudgereport: CHICAGOLAND: Police To No Longer Respond Immediately To Burglaries, Car Thefts... {In the latest nigger news:} Flash Mobs Turning Into Epidemic On NYC Streets; NYPD Powerless... 3 People Stabbed On NYC Subway Platform... Basketball Coach Shoots Attackers... (WXYZ) - Police sources tell 7 Action News that a women's basketball coach from Martin Luther King, Jr. Senior High School shot two men who attacked him as he was walking two basketball players to their cars in the school parking lot.CLICK HERE FOR THE LATEST UPDATES Police sources say the coach was walking the two girls to their cars when two men allegedly approached and one pulled out a gun and grabbed him by his chain necklace. The coach then pulled out his gun and shot both of them, according to sources.The man who shot the attackers was 70 years old, according to police. One of the attackers was found dead in the median on Lafayette Boulevard, and the other was taken to a local hospital, according to police sources. We've learned that both of the men had attended the high school, and one had been recently expelled. Read more: http://www.wxyz.com/dpp/news/man-shot-near-martin-luther-king-jr-high-school-in-detroit#ixzz2K4VUwpF9 CBO: Obamacare will cost 7 million workers healthcare coverage... Gas prices hit all-time record high for early Feb... 8,830,026: Americans on Disability Hits New Record... Sheriff Joe's credit-card info stolen, used at Chicago grocery store... , Dave’s Daily: http://www.etfdigest.com ‘BEARING WITNESS TO CURRENT EVENTS 2-4-13 … In Spain Prime Minister Rajoy was accused of taking a bribe and in Italy bank fraud is widely suspected as is a possible second coming of Berlusconi. This sank stocks there and in the U.S. I posted a weekly chart of each ETF, Spain (EWP) & Italy (EWI) with DeMark weekly sequential counts where a 9 would indicate an exit from our trading strategy. (The weekly charts below don’t reflect Monday’s steep declines yet.) http://albertpeia.com/daveschart20413.gif http://albertpeia.com/daveschart20413no2.gif EWP lost 5.25% Monday and EWI lost 5.8%. This ripped through other eurozone sectors which then spilled over to the U.S. The eurozone is like tar balls in the Gulf that wash ashore now and again spoiling conditions. Why? Because problems there have just been temporarily papered over by ECB QE liquidity and other financial engineering techniques.In the U.S. economic data included a disappointing Factory Orders Report (1.8% vs 2.4% expected & prior revised lower to -.3% from 0.0%).Eventually you knew lawsuits from the financial crisis would be forthcoming. S&P acknowledged that parent McGraw Hill (MHP) would be facing a lawsuit from those who relied on their ratings of subprime mortgages and other instruments.Moodys (MCO) fell in sympathy which hurt the financial (XLF) sector. The biggest losing sectors on the day were those with the highest volatility (beta) tech and (QQQ) and small caps (IWM).It doesn’t take much to stampede an overbought market. Selling was widespread and volume naturally rose on selling as trailing stops were hit. The dollar (UUP) was higher on a flight to safety while risk assets were back in favor like gold (GLD) once again out of sync with the typical dollar relationship.For our part we raised cash up to 35% of our primary trading portfolio as markets appeared primed for some corrective action…’, Is This The Beginning Of A Horrifying Stock Market Crash In Europe? http://albertpeia.com/stockmarketcrashineurope.htm , By Printing Money Central Banks Have Already Begun the Next Stage of Warfare http://albertpeia.com/moneyprintingwarfare.htm {AP1-23-13: No! I didn’t watch the monkey bowl nigger show at half-time, and only parts of this year’s monkey bowl. Wow! San franny, on their fanny, should give former san fran mayor, venalla feinstein a call to send in the big guns before she bans them. Whoops…need to break the momentum of rival of niggertown favorite, san fran so power outage in niggertown new orleans…definitely hurricane katrina’s fault…riiiiight …better give nigger ray nagin a call to get things back up and runnin’…whoops, no can do – nigger ray’s just been indicted ( http://www.nola.com/crime/index.ssf/2013/01/a_breakdown_of_the_payments_to.html ) …Besides, this is a great way to level the playing field for the hometown nigger purse-snatchers…you know, lights out and all. Actually, I truly am rooting for the ravens, but not much…reason? To thwart this year’s egregious wall street fraudulent, manipulated ‘january effect’ superstition; viz., an AFL team nigger bowl win means according to mental case wall street superstition, bear market/bad stock market (actually, ‘sell now before may and go away’ is the apposite axiom regardless who wins). This is the last monkey bowl I’ll be watching even part of. If you’re rooting for san Francisco, be sure to where some flowers in your hair. This was the sh**iest monkey bowl I’ve ever seen even a part of! } { Talk about monkey bowls, after today’s rout the ‘pundits’, NBR, ‘money honeys’, etc., have been recently and even today talking up the recent moves into the market by ‘the little guy’ (historically known as the ‘dumb money’, but ‘this time it’s different … NOT!). This contraindicated, pomo’d bubble market has all the earmarks of a classic ‘sting’! (Suck ‘em in, suck ‘em dry!) } The Second Housing Bubble Ends With A Bang, Not A Whimper, David Stockman Warns ZeroHedge.com [ GO DIRECTLY TO TODAY’S BUSINESS HEADLINES ] Dave’s Daily: http://www.etfdigest.com ‘STARTING THE MONTH WITH A BANG Most of the excitement Friday revolved around economic data. The Employment Report (157K jobs added vs 185K expected & prior revised to 196K from 168K) and the Unemployment Rate rose (7.9% vs 7.7% expected & prior 7.8%). Within the data bulls focused on the large higher revisions from December, November and March 2012. Those months revealed a large add to new jobs. However, November and December would normally be holiday oriented temp hires. Neglected by bulls was another 170K jobs were lost during the month. But let’s not spoil the party with real data…’ , Shocking Numbers That Show The Media Is Lying To You About Unemployment In America http://albertpeia.com/medialyingaboutusunemployment.htm , Rise Of The Preppers: 50 Of The Best Prepper Websites And Blogs On The Internet http://albertpeia.com/riseofthepreppers.htm , Tawana Brawley served with court order to pay man she accused of rape in 1987 http://albertpeia.com/rememberingtawanabwana.htm , Dave’s Daily: http://www.etfdigest.com ‘LIMPING TO JANUARY FINISH LINE 1-31-13 Wow! Two days of consecutive declines is a record for declines in January. There was enough uncertainty in data to give bears an excuse to take some profits before the big Employment Report Friday as February begins. Economic data was plentiful to end the month. Challenger Job cuts were higher (40K vs 32K prior); Jobless Claims spiked (368K vs 350K expected & prior 330K); Personal Income soared (2.6% vs .7% expected & prior .6% on bonuses and one time dividends to beat higher taxes); Personal Spending missed and was lower (.2% vs .3% expected & prior .4%); Employment Cost Index was as expected (.5% vs .5% expected & prior . 4%); the important Chicago PMI exploded higher (56.1 vs 50.1 expected & prior 51.6); and, lastly Bloomberg Consumer Comfort Index fell (-37.5 vs prior -36.4).So good and bad news all things considered. The labor news was negative with the Employment Report on tap for Friday where 160K jobs are expected. At the same time, the “bad news is good” theme continues meaning the Fed will continue to print money to theoretically boost employment. But that’s not going to happen and is not the intent—spiking stock prices is Fed job one…’ , 15 Signs That You Better Get Prepared For The Obama Recession Of 2013 http://albertpeia.com/obamarecession2013.htm , Guest Post: The Linchpin Lie: How Global Collapse Will Be Sold To The Masses ZeroHedge.com , Dave’s Daily: http://www.etfdigest.com ‘FED DAY BRINGS PROFIT-TAKING 1-30-13 Economic data Wednesday revealed the nations GDP contracted -.1% vs 1% expected & prior 3.1%. Most of the decline was attributed to inventories and a large decline in defense spending. There was plenty of spin surrounding this data. Some blamed this is what austerity might look like with less spending (Keynesians) while others just accepted the data for what it was—not good. Markets initially shrugged to the news knowing bad data means more Fed QE which is always bullish. ADP Employment Data rose slightly (192K vs 172K expected & prior revised sharply lower to 185K from 215K). Some, including me, don’t think much of this report generally since it’s too volatile and in the end, unreliable.Tuesday’s Consumer Confidence severe drop (58.6 vs 65.1 expected & prior 66.7) was a shocker reflecting higher payroll taxes and perhaps slightly influenced by debt ceiling negotiations…’ , The Fed is Beginning to Splinter… What Comes Next? http://albertpeia.com/fedsplinters.htm , Who Runs The World? Solid Proof That A Core Group Of Wealthy Elitists Is Pulling The Strings http://albertpeia.com/rottencore.htm , 22 Signs That Barack Obama Is Transforming America Into A Larger Version Of North Korea http://albertpeia.com/failedcommunistamerica.htm , China Just Threatened a Currency War If the Fed Doesn’t Stop Printing http://albertpeia.com/fedprintingbankruptsthelendermeanswar.htm , Dave’s Daily: http://www.etfdigest.com ‘MARKING TIME: EARNINGS, ECONOMIC DATA, FED MEETING 1-28-13’ , Federal Reserve Money Printing Is The Real Reason Why The Stock Market Is Soaring http://albertpeia.com/fedmoneyprinting.htm , Germany Just Fired a Warning Shot at the Fed http://albertpeia.com/warningshot.htm , Social Decay + Illegal Immigration + Poverty = Open War On The Streets Of America http://albertpeia.com/waronusstreets.htm , Labor Minister Says France Is "Totally Bankrupt" [ GO DIRECTLY TO TODAY’S BUSINESS HEADLINES ] Dave’s Daily: http://www.etfdigest.com ‘DIP BUYING 1-22-13 The markets are overbought but this can continue longer than one might expect. Perhaps dangerously, investor sentiment remains universally bullish. It’s still a QE dominated market as liquidity is pushing markets higher even as earnings overall remain uninspiring.For our part we took some profits Monday while the basic core of our main portfolio remains intact...Economic news wasn’t inspiring as the Chicago Fed National Activity Index fell (.02 vs .28 expected & prior .10); Existing Home Sales fell missing estimates (4.94M vs 5.1M expected & prior revised lower from 5.05M to 4.99M easing the miss); and, the Richmond Fed Mfg Survey plunged (-12 vs 5 expected & prior 5). This disappointing data just stimulates bulls to thinking the Fed won’t take its foot off the gas pedal anytime soon. Domestically bank deposits in the 4th quarter soared to $433 billion per Nomura Securities.Overseas the German ZEW economic expectations index soared (31.5 vs 9.5 expected) and the Bank of England said it would be rejoining the money printing (QE) operations. This is stimulative to the ongoing “currency war”. And to make matters bleak, global unemployment per the International Labour Organization’s Global Employment 2013 trend asserts unemployment nears 200 million..’ , The Sovereign Debt Bubble Will Continue To Expand Until – BANG – The System Implodes http://albertpeia.com/sovereigndebtimplosion.htm , 37 Statistics Which Show How Four Years Of Obama Have Wrecked The U.S. Economy http://albertpeia.com/4yearsofobamawreckedus.htm , Dave’s Daily: http://www.etfdigest.com ‘THE FED VS THE WORLD 1-18-13 Inside this massive building is a mega-Kinkos machine printing billions of dollars each day. ($4.77 billion just on Friday which by month’s end should total $85 billion.) These dollars are bombarding stock markets with fresh liquidity feeding bulls against all odds and logic.Our job is to go with this despite misgivings and all manner of poor news. As a strategist first and technician or timer second, we and most investors, must recognize the dynamic at work and adjust to it. Worrying about debt will be for another day and until its forced on politicians, bankers and markets. In the meantime, ain’t we got fun! And, until this money printing activity stops, this will be the underlying theme until either confidence in the activity is lost or bulls have to proceed without a net. Believe it or not there are pundits today discussing that retail sales increased .5% in November-December. Well, it’s the holidays and what would one expect? Other news like Consumer Sentiment plunged (71.3 vs 75 expected & prior 80.5) but not much was discussed about that. Intel (INTC) earnings were dreadful and the stock fell over 6%. Since this is an important stock, and its health is a sign of robust economic growth and demand, it’s hard to understand it can be so isolated. Also left on the ice-floes this week were two of the country’s largest banks, Citigroup and Bank of America…’ , The Ticking Trillion Dollar Debt Bomb http://albertpeia.com/trilliondollardebtbomb.htm , Do You Want To Scare A Baby Boomer? http://albertpeia.com/boomers.htm, The Great Systemic Rig of 2012 is Ending http://albertpeia.com/greatsystemicrigof2012ending.htm , Germany Starts a Central Bank Run http://albertpeia.com/trustingamericainsanity.htm , Federal Government Musings And Other Societal Observations http://albertpeia.com/americatitsup.htm , A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm , 2007 Deja Vu As Goldman Sees $150 Oil By The Summer ZH [ GO DIRECTLY TO TODAY’S BUSINESS HEADLINES ] , It should be emphasized that the wobama favored contraindicated QE’s and fiat paper currency printing/debasement IS a policy for the wealthy that’s destroyed/is destroying the middle class! Wake up! That’s reality! , What In The World Are Barack Obama And John Boehner Thinking? http://albertpeia.com/2dummiesinovertheirheads.htm , It’s Not a “Fiscal Cliff” … It’s the Descent Into Lawlessness George Washington It’s Not a Tax or Spending Problem … It’s a Devolution Into Lawlessness http://albertpeia.com/americasdescentintolawlessness.htm , 16 Things About 2013 That Are Really Going To Stink http://albertpeia.com/16bad2013.htm , Government Dependents Outnumber Those With Private Sector Jobs In 11 U.S. States http://albertpeia.com/moretakersthanmakers.htm , The Fed's Inflation Will Crush Emerging Markets A final feature of the Fed’s decision to implement QE 4 will be greater inflationary pressures. This will result in lower economic growth (in real terms) as well as higher operational costs, which will eat into corporate profit margins. http://albertpeia.com/fedsinflationtocrushmarketsprofitmargins.htm , Goldman Sachs And The Big Hedge Funds Are Pushing Leverage To Ridiculous Extremes http://albertpeia.com/overleveraged.htm , The Federal Reserve Shows Barack Obama Who The Real Boss Is http://albertpeia.com/failurespeckingorder.htm , We Are Witnessing The Slow, Tortuous Death Of The American Worker http://albertpeia.com/deathofamericanworker.htm , Two of the Biggest Problems In the Financial System Will Hit in 2013 http://albertpeia.com/2biggestproblemsinfinancialsystemhitin2013.htm , It Begins: Bundesbank To Commence Repatriating Gold From New York Fed ZH , 50 Shocking Questions That You Should Ask To Anyone That Is Not A Prepper Yet http://albertpeia.com/50shockingquestions.htm , What Do German Central Bankers Know That We Don’t? http://albertpeia.com/germanydoesnottrustusfed.htm { This is a very wise, rational move by Germany which should be lost on no one. Indeed, by so doing, Germany will likely guarantee repatriation of real gold, and not tungsten gold plate. Realize that beyond the theft of $4 trillion still unaccounted for at the new york fed, there have been ever more brazened frauds within the ranks of the u.s. government and connected to the fed. The 360 tons of $100 dollar bills flown into Iraq and disappeared, huge wall street frauds in the trillions still extant and bailed out for the wall street perps by legislated FASB rule change, among many other schemes, scams, facilitated by lightning fast computerization have become both policy and modus operandi of the fed, u.s. government, and insider perps. } It Will Take The Fed Seven Years To Deliver 300 Tons Of German Gold ZH on 01/16/2013 ‘…The amount of gold the Fed supposedly holds, is shown in yellow with a shade of tungsten. Why it will take the Fed 7 years to part with an amount of gold that is less than 5% of its total holdings is anyone's guess. , U.S. Government Claims – Just Like the Nazis – that the Truth Is Too Complicated and Dangerous to Disclose to the Public by: George Washington - History Repeats ... http://albertpeia.com/usnaziapproach.htm , Dave’s Daily: http://www.etfdigest.com … Stocks were due for a pullback and early debt ceiling lines in the sand by the combatants stimulated some selling. I’m happy to report ETF Digest 2012 portfolio returns from 7 model portfolios were 6%, 7%, 15%, 16%, 17%, 20% and 22%…’ , Large Cities All Over America Are Degenerating Into Gang-Infested War Zones http://albertpeia.com/uscitieswarzones.htm , America Is Being Systematically Transformed Into A Totalitarian Society http://albertpeia.com/totalitarianus.htm , Daily Market Commentary (1-7-13): The Biggest Gift Investors Have Received In a While http://albertpeia.com/thebigsurprise.htm , T-Minus 30 Days Until The US Begins Defaulting January 9, 2013 http://gainspainscapital.com http://albertpeia.com/americadefaulting.htm , Can America Survive If Americans No Longer Agree On A Core Set Of Shared Values? { Short answer: Beyond the propaganda, america already no longer survives as the nation it once was and purports to be; and, the deterioration and decline of this meaningfully lawless nation will continue. UNTOUCHABLE: MF GLOBAL judge nixes group's bid to depose Corzine... [ Pervasively corrupt, defacto bankrupt in every way, fallen america is so far gone they no longer even bother with pretense! ] http://albertpeia.com/americagone.htm , SHRINK: We are creating 'generation of deluded narcissists'... http://albertpeia.com/deludednarcissists.htm , Dave’s Daily: http://www.etfdigest.com ‘BANK EARNINGS IN SPOTLIGHT 1-15-13 It’s rare to see markets in such a slow crawl higher or lower. The recently higher trend is levitating on very little volume. It will take some positive earnings news from S&P 500 heavily weighted financial companies like banks (KBE) and (XLF) to either fire up bulls or take us back down with disappointments. Wednesday, JP Morgan (JPM) and Goldman Sachs (GS) will offer their reports. Some analysts have sharply lowered expectations which may allow for earnings beats while others still expect disappointments. With financials moving above even long term levels of resistance, these reports will be much watched. Apple (AAPL) continues its descent as the psychologically important $500 level fell and with a near 20% weighting on tech indexes (QQQ) (XLK) the sector was pulled lower. You can consider the absence of new gadgets in 2013 (that we know of) and soft supplier data a cause. In my mind the stock was just overowned. The average of street analysts’ price targets is $728. Well the holidays are just 11 months away. Below is a table from Zero Hedge showing hedge fund ownership of Apple as of September 2012 quarter end. It was all downhill from there. http://albertpeia.com/daveschart11513.gif , 35 Statistics About The Working Poor In America That Will Blow Your Mind http://albertpeia.com/35statsusworkingpoor.htm , Bill Gross Gets It { Gets what? Why is this surprising? With $4 trillion gone missing (still) at the ny fed, americans should not trust the ny fed. Germany’s move is totally rational. How can anyone trust fraudulent, thieving americans with their money or gold, particularly in the fraud capital of the world, new york city Michael Savage: Don't trust feds on flu shot...{ Or anything else, for that matter. Indeed, from my direct experience, the actions/inaction of the feds are geared toward making one reliant/dependent upon them (ie., food stamps, faux disability, unemployment comp extensions, ‘protection’ from rampant, blatant crime or not, etc., despite america’s defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence and venality. In fact, stepping back, I have seen first hand those siding with/benefiting from (and the encouraging of more crime), ie., RICO defendants et als, actually rewarded by the pervasively corrupt/defacto bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a combination of and tantamount to what is essentially hush money, bribes, etc.). Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless nation of marauders/thieves that no longer even remotely resembles what it purports to be and arguably once was. Replaying Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm Armed Robberies Spike Following Game... { Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf      , CONGRESSMAN WARNS OBAMA: IMPEACH YOU [ http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ] White House readies 19 executive orders on guns... } , Dave’s Daily: http://www.etfdigest.com ‘SOME PERCEPTIBLE MARKET FATIGUE 1-11-13 This has been a light volume market week even as bulls have been able to sustain things overall. It didn’t hurt another $5.5 billion in POMO from the Fed propped things for bulls. In China food inflation is taking a toll and unlike the U.S., China actually includes food in their inflation data (silly them, eh?) Inflation was the highest in 7 months. Domestic stock indexes like the Shanghai CSI 300 Index dropped nearly 2% on fears of government tightening. Like a tsunami this negatively affected most Asian markets especially a high beta affair like high-flyer Vietnam (VNM). U.S. stock sectors did seem disorderly as Biotech’s (IBB) fell, banks were weak (KBE) as we await earnings, gold (GLD) weakened even as the dollar (UUP) fell sharply, bonds (TLT) were higher in price and commodities (DBC) were weaker even as grains (JJG) rallied sharply on crop data. All things considered markets look tired on weak volume…’ , The Federal Government Hands Out Money To 128 Million Americans Every Month http://albertpeia.com/fedgovhandouts.htm , The Investment World is Missing the Single Most Critical Issue In China http://albertpeia.com/criticalchinaissue.htm , Dave’s Daily: http://www.etfdigest.com ‘THE MARKET MELT-UP RESUMES 1-10-13 Earnings news is at hand. The most watched will be financials (XLF) and Banks (KBE) which will get it going in major way mid-week next. If there has been some hesitancy which has been reflected in ultra-light volume it’s due to uncertainty in these sectors specifically. Analysts have been downgrading bank earnings forecasts but some expect disappointments while others assume beats and better guidance.We can only follow the system we trade which has had us long but the light volume is disturbing. Let’s remember that liquidity from the Fed is still raining down on trading desks and markets.Jobless Claims were higher (371K vs 362K expected & prior revised lower—for the first time in a year—to 367K from 372K). Wholesale Inventories were higher (.6% vs .3% expected & prior .6%). Friday there will be more trade data then next week will feature more impressive economic data.The president nominated Jack Lew (signature above) to be Treasury Secretary and perhaps he has a better skill set when working with TurboTax than Timmy.Overseas ECB head Mario Draghi made no changes to interest rate policies which strengthened the euro (FXE). Further he stated that he saw no “exuberance” (interesting choice of words) in eurozone financial markets. That put a bid under eurozone stocks (IEV) and (EFA) for example. The dollar (UUP) was weaker and gold (GLD) rallied more sharply than recently. Commodities (DBC) also pressed ahead with the weaker dollar and some sense that economic growth globally will be better. Bonds (IEF) we modestly lower.U.S. stocks were higher for the second day with financials once again returning to prominence while long suffering gold miners (GDX) rallied. Tech, positive early, saw a 2:15 PM Buy Program Express as Apple (AAPL) rallied off its lows…’ , How and Why the US Could Default http://albertpeia.com/usdefault.htm , 18 Facts That Prove That Piers Morgan Is Flat Out Lying About Gun Control [ Drudgreport: Kirchner attacks Falkland Islands 'invaders'... { Invaders indeed! Time to call british spades, spades! We fought a revolution after so doing! } ] http://albertpeia.com/piersmorganlyingaboutguncontrol.htm , Dave’s Daily: http://www.etfdigest.com ‘EARNINGS SEASON BEGINS 1-8-13 Stocks put in back to back session losses as Alcoa (AA) reported adjusted earnings of 6cents which matched expectations. That may not be good enough for bulls who always look for a beat. Wednesday will tell how markets react to this and other earnings results. For now it seems nerves are running a little higher given the previous week’s stock market ramp. Let’s not forget the important driver for now of stock prices—the Fed’s Open Market activities which are priming the pump... Consumer Credit expanded at a 7% annual clip with most of the gains from autos and especially the developing Student Loan bubble… http://albertpeia.com/davechart1813.gif …’ , If Obama Can Just Create A Trillion Dollar Coin, Then Why Do We Have To Pay Taxes? http://albertpeia.com/moneyoutofthinair.htm , By The Numbers: 20 Facts About The Collapse Of Europe That Everyone Should Know http://albertpeia.com/20factsofeuropecollapse.htm , And These Are the Folks Who Will Save the World? http://albertpeia.com/idontthinkso.htm [ GO DIRECTLY TO TODAY’S BUSINESS HEADLINES ] , Dave’s Daily: http://www.etfdigest.com ‘TRILLION DOLLAR COIN TO WIPE OUT U.S. DEBT 1-4-13 The Employment situation was relatively unchanged (155K jobs vs 155K expected & prior 148K) while the unemployment rate inched higher (7.8% vs 7.8% expected & prior 7.7%) The underemployment data showed conditions still at 63.6% or 14.4% that isn’t good frankly. Secretary of Labor Linda Solis expounded on the data by spinning, “…we created jobs by paying people not to work”. This is the kind of Orwellian talk we get from unqualified PC political appointments. (The CNBC interview is here but you’ll have to get beyond 3:00 minutes to catch this.)  Some thought an unremarkable employment report had a “goldilocks” feature to it meaning simply “even tepid news was good” since it wouldn’t stimulate the Fed to back-off current policies.But there was some good news from ISM Services which jumped (56.1 vs 54.5 expected & prior 54.7). Perhaps this was seasonal hiring and post-Sandy activity. On the other hand Factory Orders fell (0% vs .3% expected & prior .8%).Pimco’s Bill Gross wrote in his monthly letter his gripe about the Fed’s free money printing policies. And speaking of the Fed, St Louis Fed President James Bullard suggested the Fed might end QE in 2013. And some more desperate commentators are promoting trillion dollar coins (platinum the current choice) to wipe out our debt. It’s quite amusing but liberal blogs are seriously promoting it…’ , 65 Percent Of Americans Believe That 2013 Will Be A Year Of Economic Difficulty http://albertpeia.com/65percentbelieve2013economicallybaditis.htm , Did the Fed Lie About QE 3 and 4? http://albertpeia.com/fedlies.htm { Do bears s**t in the woods? Is the Pope Catholic? Did the fed previously say no recession, etc.? Of course they did and do … all the time! } , The Middle Class In America Is Being Wiped Out – Here Are 60 Facts That Prove It http://albertpeia.com/middleclasswipeout.htm , Happy New Year Middle Class: The Fiscal Cliff Is Going To Rip You To Shreds http://albertpeia.com/fiscalcliffsceilingsripsyoutoshreds.htm , A Massive Electromagnetic Pulse Could Collapse The Economy In A Single Moment http://albertpeia.com/empeconomiccollapse.htm , What Happens When the Bond Markets Turn Against the US? December 27, 2012 http://gainspainscapital.com http://albertpeia.com/screwturnsagainstus.htm , Why Bernanke’s Terrified of 2013 http://albertpeia.com/helicopterbenafraidof2013.htm , Agenda 21 Is Being Rammed Down The Throats Of Local Communities All Over America http://albertpeia.com/agenda21ramdown.htm , 25 Facts That The Mainstream Media Doesn't Really Want To Talk About Right Now http://albertpeia.com/25factsmainstreammediahides.htm , Say Goodbye To The Good Life http://albertpeia.com/americasgoodbyetogoodlife.htm , { 1-2-13 This is an especially great opportunity to sell, take profits since there’s much, much worse to come and this ‘rally’ is but Pavlov-dog conditioning for the failed frauds everywhere which has benefited the huge frauds on wall street while undermining the real economy beyond the worthless paper, algo-driven computerized churn and earn. The reason nothing’s been fixed is because it cannot be fixed! Even in ever more worthless debased fiat paper currency terms these paper stock prices are way overvalued along with particularly the ‘sizzle’/overweighting stocks in the indices. Dave’s Daily: http://www.etfdigest.com ‘BULLISH EXUBERANCE GRIPS BULLS TO CATCH-UP 1-2-13 I won’t be one to yell at the tape since we are systematic trend-followers. But markets aren’t doing anything modestly. We get past one cliff only to face another next month—the super cliff (debt ceiling), hereinafter dubbed SC. Bulls are basically saying; “Okay, we have time to prop things before SC”. You might recall the last SC deal was in the summer of 2011 and markets struggled mightily.Unfortunately for us enough technical damage had been done the past two weeks that trends became uncertain. Now bulls are playing catch-up with large news-driven price ramps. Actually there was a confluence of events as the Fed had (and still is) added plenty of liquidity to markets thru QE which accumulated while the fiscal cliff issue froze investments. Further large dividends from before year-end needed to be reinvested. This stash along with what passed for a cliff fix led to the action seen Wednesday.Nothing is really fixed of course since a large tax increase is hitting the economy at a poor time. The payroll tax cut will shrink 77% of American’s income which will hit the so-called middle class. I believe this doesn’t include higher taxes for Obamacare now either. We did get the tax issue resolved but spending cuts didn’t take place in any meaningful way. In fact, the CBO scored the cliff tax fix as adding $4 trillion to the deficit over the next 10 years—some fix eh? Plus the president indicated there will be no spending cuts without even more tax increases…http://albertpeia.com/daveschart1213.gif , Daily Market Commentary (1-2-13): Deal or No Deal… Nothing Was Fixed http://albertpeia.com/nothingfixedbydeal.htm , 50 Predictions For 2013 http://albertpeia.com/economiccollapseblogpredicitionsfor2013.htm , Why? Why does it seem like america is getting crazier with each passing year? { Because pervasively corrupt defacto bankrupt america is getting crazier with each passing year! http://albertpeia.com/whyamericacrazier.htm } , Replaying Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } , The 96 Charts That Have To Be Seen To Believed For 2013 http://albertpeia.com/118732645-Cembalest-Outlook-2013-the-Odyssey.pdf } Dave’s Daily: http://www.etfdigest.com ‘FED MINUTES DISRUPT PARTY PUNCHBOWL 1-3-13 All things must come to an end. Fed Minutes today revealed more division among voting members about when to end QE. This unsettled the market rally and it needed some consolidation anyway as enthusiasm for the FC deal was perhaps too much given what on second thought wasn’t a great outcome.News Thursday revealed ADP Employment Data job gains (215K vs 150K expected & prior revised to 148K) which are the most volatile and least reliable of the labor group. It may include seasonal hiring for holiday sales and so forth. Jobless Claims were much weaker (372K vs 363K expected & prior revised higher to 362 from 350K holiday guesstimate).Overseas news featured the China PMI services (56.1 vs 55.6 previous) which are an improvement certainly but still running below their historical average.U.S. stocks pushed slightly higher early only to fall with Fed Minutes dissension revelations. All things considered, equity price drops were modest overall as those buying-in Wednesday rushed to protect new found long positions..’ , The Good, The Bad And The Ugly From The Fiscal Cliff Deal http://albertpeia.com/goodbaduglyuscliffdeal.htm , Daily Market Commentary (1/3/2013): Greece and Spain’s Banking Systems Flash “Danger” http://albertpeia.com/dangerwillrobinson.htm [ GO DIRECTLY TO TODAY’S BUSINESS HEADLINES ] , Dave’s Daily: http://www.etfdigest.com ‘ “THE END IS NEAR” – FISCAL CLIFF 12-20-12 Well, that’s what we’re told anyway. Tomorrow is the Mayan doomsday prophecy and/or perhaps a fiscal cliff deal. I believe Obama was slated to leave for a Hawaiian holiday, but that may be postponed.The Executive branch and the Senate and House of Representatives each has a role to play in the budget process. The congress is divided. Compromise is the only solution as in, “I’ll give you X and you give me Y”. This is the way it should go but the House and WH are wide apart with only some give around the edges. The House Speaker, John Boehner, through a bill is publicly putting his side’s agenda to a vote. So that’s a marker from which to negotiate theoretically. And, yes, the Senate will not take up the bill if passed so as not to legitimize it. Perhaps by the time you read this the world will have ended making this analysis moot. Jobless Claims rose (361K vs 359K expected & prior revised higher to 344K). The previous lower report may have been an outlier. The average for 2012 is demonstrated below and this report remains near the average. http://albertpeia.com/daveschart122012no1.gif GDP final Q3 data was at 3.1% which was greater than prior estimate of 2.7%. Under the hood, nearly half the annualized growth was from government (.75%) and inventories (.73%). Personal Consumption rose 1.12% but below previous estimates of 1.42%. Q4 estimates are averaging only 1%. Below is a graph from the BEA. http://albertpeia.com/daveschart122012no2.gif …’ , 75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe http://albertpeia.com/75terribleeconomicnumbersof2012.htm , How to Play the Fiscal Cliff Failure http://albertpeia.com/fiscalclifffailure.htm , Futures Flash Crash As ES Plummets To Limit Down ZeroHedge.com , Dave’s Daily: http://www.etfdigest.com ‘GOP TO TRY PLAN B 12-19-12 Oddly, its Republicans offering a plan to raise taxes but on those with incomes over $1M (vs the WH $400K) and currently does not include spending cuts. The WH immediately stated it would veto this. The bottom line, this is a symbolic gesture since the Senate won’t even vote on it according to Harry Reid. The Republican ploy is to say they’ve voted to raise taxes on the rich. Then they would allow the country to go over the cliff after transmitting this vote and forcing the WH to “own” the damage. That must be their thinking. It’s a gamble obviously but Boehner’s base has shown no support for WH plans or to roll over and violate all their principles.This left bulls somewhat shaken as stocks fell sharply after the GOP announcement but there are more rounds left in this stand-off. Stocks were overbought recently and a little rest was in order. In other words, Bulls had taken it as a given the cliff would be avoided. It still may be. We’ll just have to live with the volatility until a deal is done or not.Housing Starts fell 3% but Building Permits rose 3.6%. The former data point is the more meaningful since some permits will never evolve into a “start”.GM decided to buy back the shares the government owned at $27.50 yielding taxpayers a nearly 50% loss. Like it or not, that’s the math. Bank of America (BAC) has $64 billion of mortgage delinquencies great than 6 months on their books—nearly half of their market cap. This is some of the looking under the hood investors aren’t spending time on…’ , Even US-Based Investors Need to Know About This http://albertpeia.com/needtoknow.htm , 20 Signs That The U.S. Poverty Explosion Is Hitting Children And Young People The Hardest http://albertpeia.com/20signsuspovertyexplosionhittingyoung.htm , { A Market Gone Vertically Wild ZH It seems wherever you look today, markets are going vertical. Whether its Citi and BofA +15% for December, Gold and Silver cliff-diving today, WTI crude surging in a v-shaped recovery or EURUSD and S&P 500 futures ramping in the most wonderfully linear manner - the market has gone a little wild today... { We’ve seen airball / balloon markets like this before … always end badly … total fraud and b***s***! Not one thing proposed does anything to change the fact that america is unequivocally broke! They must have bought off the rating agencies. After all, none of what they’re proposing, fiscal cliff and otherwise, does anything to change the nation’s dire fiscal position. The spending cuts are woefully inadequate. In fact, I believe one must reasonably infer that the rating agencies presumed a deficit reduct package that would at least be of a magnitude rivaling the automatic, fiscal cliff cuts. The reality is that even those cuts would fall short of that necessary to get defacto bankrupt america’s fiscal house in order. Make no mistake, wobama, helicopter ben, the government are well aware of the real, substantial inflationary impacts of their wall street welfare QE; and hence, are attempting to shift that burden to retirees/social security recipients. The lull before the storm/crash! } , Three Reasons the Fed Announced QE 4 http://albertpeia.com/whycontraindicatedqe4.htm , Dave’s Daily: http://www.etfdigest.com CLIFF NEGOTIATIONS CONTINUE 12-17-12 ‘Bullish investors have a hair-trigger regarding any deal relating to the fiscal cliff. They presume a deal will be had around terms including higher taxes on “the rich” (loosely defined by $250K-$1M in income) and a concession to include entitlement spending reductions probably focused on social security. If agreed to this should provide a “relief rally” that may last through the holidays. Given this deal really only fixes deficit and debt conditions around the edges perhaps in early 2013 the rally will be undone. In other words, after year-end bonuses are paid to portfolio managers reality may bite after a brief honeymoon. Lingering under cliff news economic data remains poor. Monday the Empire State Mfg Survey laid an egg (-8.1 vs 0 expected & prior -5.5) as manufacturing ex-autos remains weak. A quick look at a combination of economic data below makes a weak economic picture more believable. http://albertpeia.com/daveschart121712no1.gif …’ , Society Is Crumbling Right In Front Of Our Eyes And Banning Guns Won't Help http://albertpeia.com/americansocietycrumbling.htm , What 2013 Means For You, Your Portfolio and the Economy at Large http://albertpeia.com/bad2013.htm , More Than 2000 Children Are Murdered In The United States Every Single Day http://albertpeia.com/2000americanchildrenmurderedeachday.htm , You Won’t Believe The Crazy Things That Are Being Said About Gun Owners , http://albertpeia.com/crazythingssaidofgunowners.htm , 22 Stats That Prove That There Is Something Seriously Wrong With Young Men In America http://albertpeia.com/22statswhatswrongyoungamericanmen.htm , [ GO DIRECTLY TO TODAY’S BUSINESS HEADLINES ] , http://albertpeia.com/archives.htm , [ THE REAL CRASH IS DEAD AHEAD AS 2008 IS FORGOTTEN Paul B. Farrell MarketWatch http://albertpeia.com/realcrashdeadahead.htm , Just Open Up Your Eyes And Look - 65 Signs That The Economic Collapse Is Already Happening http://albertpeia.com/65signseconomiccollapsehappening.htm , One Last Breadth: 3 Reasons to Not Trust this Market By Chad Karnes ETFguide , Warnings That A Massive Stock Market Crash Is Imminent http://albertpeia.com/massivestockmarketcrashimminent.htm , The Coming Derivatives Panic That Will Destroy Global Financial Markets http://albertpeia.com/derivativesbust.htm ‘…  The largest casino in the history of the world is going to go "bust" and the economic fallout from the financial crash that will happen as a result will be absolutely horrific…’ , 20 Shocking Examples Of How Sadistic And Cruel People Have Become http://albertpeia.com/20examplessadistictwistedcruelty.htm , Europe's Gluttony Olympics: Fattest, Laziest, Drunkest http://albertpeia.com/theeugluttonistas.htm , The 11 "Death Spiral" States http://albertpeia.com/deathspiralstates.htm , The US’s “EU Style” Negotiations Will Without a Doubt Take Us Over the Cliff http://albertpeia.com/useustylenegotiations.htm , Two Economic Developments Every Investor Needs to Be Aware Of http://albertpeia.com/2economicdevelopments.htm , 15 Signs That The Economy Is Rapidly Getting Worse As We Head Into 2013 http://albertpeia.com/15signseconomyworsefor2013.htm , Unemployment Is Not Going Down: The Employment Rate Has Been Under 59 Percent For 39 Months In A Row http://albertpeia.com/unemploymentnotgoingdown.htm , , 20 children, 7 others dead in school shooting Marketwatch { From the previous day, pre-shooting I posted : Don’t Let Your Child See a Psychiatrist. Jon Rappoport { In light of his expressed fear, psychologists can’t prescribe medication – though that’s changed somewhat in some states. Rappoport must realize that some parents, nuttier than fruitcakes particularly in america, might be the problem. Who then does the troubled child turn to?} That said, Every human emotion now classified as a mental disorder in new psychiatric manual DSM-5 Mike Adams { Well, I gotta tell ya … if the shoe fits, wear it … the reality is that the prevalence of mental disorders/mental illness in america is so great that reactions as those of mike adams (including shooting the messenger) are not unexpected; but, must be discounted. After all, insanity or close to it has indeed become the new normal, shaded/obscured somewhat by what’s deemed simple inherent criminality which masks the underlying ‘americinsanity’. } , Dave’s Daily: http://www.etfdigest.com ‘ MORNING AFTER REALITY CHECK 12-13-12 It’s alleged that “pro-tax the rich” promoter Warren Buffett’s transaction with a massive Berkshire (BRK/A) buyback was a conspiracy to help the seller with estate taxes before the fiscal cliff. That’s what some conflicted people do vs what they say. Jobless Claims fell substantially (343K vs 370K expected & prior revised higher to 372K). In my view analysts trying to estimate claims are just guessing now. Retail Sales were higher with the headline number missing expectations (.3% vs .6% expected & prior -.3%) & ex-autos & gas improved (.7% vs .5% & prior -.3%). PPI fell (-.8% vs -.5% & prior -.2%) core PPI rose (.1% vs .2% expected & prior -.2%). Remember it’s the “core” {and not real rate} rate bulls and government wants you to watch. Nevertheless, headline writers focused on the headline rate. Pimco’s Bill Gross discussed the Fed’s new monetary policies in a Bloomberg interview. In it he describes what the Fed is doing without dubbing it a PonziScheme. He nails it with this gem of a quote: “What really happens, and this is critically important, is the Treasury issues bonds and the Fed buys them and then remits interest to the Treasury.”…’ , We Are Witnessing The Death Of Small Business In America http://albertpeia.com/deathofsmallbusinessinamerica.htm , http://albertpeia.com/daveschart121212no1.gif http://albertpeia.com/daveschart121212no2.gif , 55 Reasons Why California Is The Worst State (Only New Jersey is Worse) In America http://albertpeia.com/55reasonscaliforniaworststateafterjersey.htm { With jersey, it’s necessary to look under the hood! } , And That’s Checkmate, Ben Bernanke http://albertpeia.com/checkmatehelicopterben.htm { It’s really quite amazing that the so-called economic experts, ie., economists, financial/securities analysts, CEO’s, etc., are so economically challenged so as to believe beyond the self-interested ‘swallow’ (ie., paper inflation, etc.) that somehow printing/creating ever more worthless/debased paper fiat currency will in some way create real value, production, jobs, etc., as opposed to the destructive mechanism along with nefarious dislocations that it truly is. } , 20 Outrageous Examples That Show How Political Correctness Is Taking Over America http://albertpeia.com/20outrageousexamplesofpoliticalcorrectness.htm , Dave’s Daily: http://www.etfdigest.com RUMORS OF DEAL COME AND GO 12-11-12 http://albertpeia.com/davechart121112no1.gif http://albertpeia.com/davechart121112no2.gif , Sorry Protesters: Your Jobs Are Being Sent To China And They Aren't Coming Back http://albertpeia.com/chinajobsnotcomingback.htm , Jimmy Hoffa Warns Of "Civil War" As Michigan Governor Signs "Right-To-Work" Into Law ZeroHedge.com { There is an exception to the hearsay rule known as a dying declaration; the rationale being that a person would not ‘go to his maker’ with a false statement/declaration to ‘taint his soul’. Interestingly, I had occasion to know a very intelligent, learned man who was indeed dying, in a death spiral if you will. A lawyer by profession, he had taken an interest in another lawyer’s history; none other than Abraham Lincoln himself. Curiously I thought at the time, though even then, some decades ago (long before the internet), I realized that you were never getting the whole, correct, true story from american media, history as written, etc.. ( I was fortunate in sixth grade to have had a great teacher, James Bresnahan, who allowed for ‘expansive’/accelerated learning in what he took the time and trouble to provide as an advanced reading group. Among the subjects was that knowledge/thinking tainting phenomena known more commonly as propaganda). After all, a long dead president; and, one who famously suffered from recurring bouts of severe depression could hardly be the object of, from my view, intense intellectual interest and scrutiny. Yet, he was fixated on what he deemed a somewhat surprising revelation; viz., from his intense study, Abe was not ‘Honest Abe’ but rather, was a thief. I was aware that in fact, Lincoln found niggers somewhat appalling and initially opposed ending slavery as well as those who favored same, viz., the abolitionists, etc. (niggers are a same old old story of lazy, unproductive, inherently very uncivilized criminal people who are fun-luvin’ for games, partying, and getting high only. Even the incisive Shakespeare euphemistically referred to the ‘typicality’ of the inherently untrustworthy and without sense of honor, ‘noir’ [french for black]). The ultimate consummate politician (as a lawyer, Lincoln famously took a contrary position not long before saying he thought he then was right but now taking the opposite position now knew he was right … riiiiight! ‘Honest Abe’), Lincoln ultimately did, in rallying his ‘stalwarts’, back the abolitionist cause. I personally feel the people of the south were foolish in bringing vanquished niggers, sold into slavery by other niggers who vanquished them, to this already now recently blemished land. Moreover, as today, the niggers (and the abolitionist cause) had provided fodder for politics of all sorts, including that of Lincoln. Indeed, even today, spielberg who is famous for his pro-jewish ‘politicking’/propaganda (even the first Indiana Jones movie was heavy on the Arab/Nazi transference propaganda) has found a way to make film-making pay for him and the democratic party by way of the misguided, inaccurate view of Lincoln as the anti-slavery icon he is speciously depicted as. Civil war? Hoffa, like his mob-connected, then disconnected (permanently) father is old news. The truth is that their own done them in (as was so of hoffa’s father) with NAFTA, etc., as they themselves foolishly laughed at their real would-be saviors, ie., Ross Perot, etc.. The reality is, there is literally nothing that can’t be produced better and cheaper and without paying the shake-down bribe from the teamsters et als for doing absolutely nothing (as is true with the other niggers, et als, entitlements, etc.), elsewhere. Twinkies anyone? } , [ GO DIRECTLY TO TODAY’S BUSINESS HEADLINES ] , Dave’s Daily: http://www.etfdigest.com ‘EOCNOMIC DATA HOLDS SURPRISES 12-07-12 Out of the gate this morning was the whopping surprise in the monthly employment report (146K jobs added vs 85K expected & prior 171K) and the unemployment rate dropped (7.7% vs 8% expected & prior 7.9%). This looked great didn’t it? But it wasn’t. And, algos don’t look too far under the hood at details but those were awful. The largest gain was in retail (part time holiday workers) followed by Hospitality and Leisure and Waste Services (Sandy?) while Construction jobs lost 20K. More importantly, the labor participation rate (only 63.6%) declined again as the number of people out of the work force increased by a stunning 540K people. In the end, more than 200K workers stopped looking for work. http://albertpeia.com/daveschart12712no1.gif Further inside the numbers are two charts that really indicate what’s happening within age groups. http://albertpeia.com/daveschart12712no2.gif http://albertpeia.com/daveschart12712no3.gif , Big banks planning layoffs Marketwatch It's not going to be happy holidays for many on Wall Street as word comes that Citi won't be the only bank laying off workers before year-end. , Three Charts Every Investor Needs to See http://albertpeia.com/3chartsinvestorsmustsee.htm , Why Is The Market Mispricing Uncertainty By 50%? By now there can be no doubt that due to Bernanke et al's endless intervention in any and all capital markets, the "market" is no longer a mechanism that discounts the future in any way. In fact, instead of predicting the future, all the market has become is a backward looking race in which collocated algos respond to historical data - flashing red headlines - and attempt to out run each other in who can buy or sell more free for all, knowing full well at least one other greater fool will be behind them to pick up the pieces. Sadly, fundamentals as a driver to valuaton no longer exist. But such is life under central planning…’ , DF‘…window dressing’ is illegal per the SEC. Now comes forward Jason Zweig from the WSJ suggesting that this activity is commonplace …’ , QE 3 Didn’t Work… Why Would QE 4? http://albertpeia.com/qe3qe4didntwontwork.htm , Show This To Anyone That Believes That Taxes Are Too Low http://albertpeia.com/taxestoohigh.htm , From Good Jobs To Bad Jobs To No Jobs - The Tragic Downfall Of The American Worker http://albertpeia.com/badjobsnojobsdownfallusworker.htm , Dave’s Daily: http://www.etfdigest.com ‘MARKET SECTOR ROTATION UNDERWAY 12-05-12 U.S. economic news was unremarkable overall. ADP Employment data disappointed missing for the 6^th time in 9 months (118K vs 125K expected & prior 158K). Productivity increased (2.9% vs 2.8% expected & prior 1.9%) but costs fell (-1.9% vs expected -.9% & prior -0.1%), meaning wages took a hit again. Factory Orders declined 0.8% vs -0.1% expected & prior 4.8%). ISM Non-Mfg Index 53.7 vs 53 expected & prior 54.2) but within the data the employment number plunged to 50.3 from 54.9—it’s this under the hood stuff the media and algos don’t pay attention to. In overseas markets the focus was squarely on China where there was “talk” of more “potential” infrastructure spending along with easing rules allowing insurance companies to invest in banks. Stocks there rallied sharply (+2.9%) shifting the focus away from the fiscal cliff to more growth from China. Of significance down the road India’s congress passed a bill allowing foreign retailers to open stores in the country—hello Wal-Mart (WMT). Not that it mattered to U.S. stock bulls much Wednesday but Spain was unable to sell the €4.5 billion in bonds Wednesday with only €4.25 billion placed. Also the eurozone reported its ISM Non-Mfg Index down for the 10^th straight month as much of the region lingers in recession—no matter stocks rose. Also, Greece was downgraded to CCC by S&P after it is now in “selective default”…’ , The Only Thing You Need to Know About the Fiscal Cliff http://albertpeia.com/fiscalheathcliff.htm , Detroit: One Of Our Greatest Cities Has Become A Desolate Wasteland Where The Lawless Reign http://albertpeia.com/lawlesswastelanddetroit.htm , Dave: ‘FISCAL CLIFF HAUNTS LIKE Y2K 12-03-12 { Let me just interject here that nearly a trillion dollars (without a decade’s worth of debasement) was spent to avoid the ‘nonevent’} Most of you remember the hype and angst over Y2K in late 1999 no doubt. But it turned out to be a nonevent. The fiscal cliff seems profound in a different way but may result in just another shrug. In Europe the PMI was higher but still posted the 16^th straight month of being under 50 (46.2 vs 45.4 previously). In China the PMI dropped slightly (50.4 vs 50.6 expected) which had some thinking this was a positive when it wasn’t. U.S. ISM Mfg Survey was surprisingly negative (49.5 vs 51.7 expected & prior 51.7) to a low of July 2009. Some of this was blamed on hurricane Sandy which seems to be the ongoing excuse for any poor data point. Construction Spending was higher (1.4% vs .4% expected & prior .6%) also influenced by Sandy.J.P. Morgan (JPM) suggested in a research piece that sales of iPhones could impact 4^th quarter GDP by around 33%. This is quite stunning frankly…’ , Heffernan: Microsoft is back — Why the dorky Apple rival is suddenly cool { Forget cool, when it comes to computers/computing, I’m more concerned with stability and performance. As a critic of Microsoft beyond their breakthrough Windows 2000 (professional) and Word offerings, I felt compelled to comment here. XP was a dog and deserving of criticism (innumerable problems including acting as a ‘virus magnet’). Quite by ‘accident’, I plugged in an old apple usb mouse and my problems with vista (sic), Windows 7, literally disappeared (I then ordered a new usb mouse for right-click, scroll capability). Vista…Whoops, my mistake…I meant to say Windows 7 (not thinking there’s a difference; obviously I haven’t followed their recent past misguided exploits closely)… Windows 7 is by far and away superior to xp (and Vista) in every way. It apparently was the legacy mouse and problems created thereby (with ram, resources, cache/processor, etc.) that impaired stability and performance and I’m happy to say thus far, Windows 7 (with updates to date) is a solid successor to 2000 and microsoft’s best operating system to date (I have my fingers crossed as I said that … just kidding!). } , Total US Debt Hits $16,369,548,799,604.93; Debt Ceiling Just $63 Billion Away , Robert Wiedemer: Awaiting The Aftershock http://www.zerohedge.com/news/2012-12-01/robert-wiedemer-awaiting-aftershock , Lock Your Doors And Prepare To Defend Your Family http://albertpeia.com/lockdoorsanddefend.htm , Monster Sinkholes An Indication That Major Earth Changes Are Coming Along The New Madrid Fault? , http://albertpeia.com/monstersinkholesearthquakescoming.htm , UN Control Of The Internet Would Mean UN Control Of Free Speech http://albertpeia.com/uncontrolofinternetfreespeech.htm , [ GO DIRECTLY TO TODAY’S BUSINESS HEADLINES ] , A Jobs Report Conspiracy? http://albertpeia.com/jobreportcon.htm { Come on! People have to start calling a spade a spade! O’s just a typical incompetent, jive-talking b***s*** nigger! He is so pathetic and a total embarrassment! JACK WELCH: Obama Is Manipulating The Jobs Numbers Because His Debate Performance Was Awful Business Insider Welch: Obama manipulating numbers after debate performance... { There are some people (and their assessments) that you might dismiss as light-weight partisans… Jack Welch is not one of them! Indeed, among the rarest breed historically of exceptional american CEO’s, Welch points to the folly of preposterously a month before elections, on paltry/pathetic jobs numbers ( election year temp/part-time for manipulating stats along with the nebulous ‘stopped looking’ fudge factor) , following a disasterous debate showing (of wobama failure and incompetence), the unemployment rate falls to just below the ‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is tantamount to the obama 100% employment fantasy where literally everyone but him has stopped looking for work and hence, not counted in compiling the unemployment rate (and then those jobs in the millions lost and gone forever on his watch - what a banana republic!). Come on, wake up!: JACK WELCH: OBAMA IS MANIPULATING THE JOBS NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS AWFUL…UNBELIEVABLE JOBS NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T DEBATE SO CHANGE NUMBERS. } , Q3 Earnings Season To Date Summary: Ugly... And Getting Worse , One World Economic System Kills American Jobs http://albertpeia.com/oneworldeconsystemkillsamericanjobs.htm , Three Things Investors Don’t Know About Europe How To Buy Bullion (What to Ask and What to Own) The Recipe For Hyperinflation http://albertpeia.com/europebullionhyperinflation.htm , Monster (Pre-Debate) Ramp Sends Stocks Vertical In last Hour ZeroHedge.com , 28 Good Questions That The Mainstream Media Should Be Asking http://albertpeia.com/28questionsmainstreammediashouldbeasking.htm , S&P: Q3 downgrades far outpace upgrades Marketwatch , Wall Street should shrink , pay smaller bonuses Marketwatch , , FOX: Stocks: More decay is on the way In times like these, a medium-term speculator's prey is usually found in the more-speculative climes of the market, i.e. Nasdaq titles. , Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm , UNSUSTAINABLE http://albertpeia.com/unsustainable.htm   , Dave’s Daily: http://www.etfdigest.com ‘DUELING TALKING POINTS ON CLIFF 11-30-12 Friday was the last trading day on the month and as usual portfolio managers were keen to do a little window dressing. The news backdrop wasn’t supportive of a rally but the financial media was determined to spin it that way. First, Personal Income & Spending was weak (Income flat & Spending -.2%) but that was blamed on Sandy. But ,we should remember that Sandy was only a three-day event at the end of October. It’s just as logical to assert spending increased late in the month as store inventory was wiped out before the storm. Second, the Chicago Purchasing Managers Index (PMI) came in at 50.4 vs 50.3 expected, and was spun as a positive until you looked at the details. New orders showed significant monthly contraction (45.3 vs 50.3) and prices paid were much higher. This means that companies are paying more for raw materials and other goods and most likely will pass them on to their customers, which will either compress profit margins or be inflationary…’ , America's 10 best-run and worst-run states Marketwatch North Dakota (left) is the best-run state, according to 24/7 Wall St.'s analysis. { Yes, indeed! I can attest to the worthiness of jersey and california on the worst-run list. Yet, new york/connecticut with their (ny predominantly…connecticut is but a suburb of new york in a very ‘go along to get along’ way … then there’s the other beltway drain, virginia, a d.c. suburb with all d.c.’s faults.) large scale, nation draining corruption including wall street frauds/bailouts, etc., should make this relatively short list. } , The Big Turning Point Has Finally Hit http://albertpeia.com/turningpoint.htm , Wake Up! 11 Facts That Show That Europe Is Heading Into An Economic Depression http://albertpeia.com/11factseuropedepression.htm , 34 Signs That America Is In Decline http://albertpeia.com/34signsamericaindecline.htm , Dave’s Daily: http://www.etfdigest.com ‘BULLISH ALGOS SEIZE THE TAPE 11-28-12 Wednesday started with poor overall news. New Home Sales plummeted missing expectations (368K vs 387K expected & prior revised from 389K to 369K) which was quite a shock. Later the large hedge fund SAC received an SEC Wells Notice meaning charges would soon follow perhaps even implicating Steve Cohen…To the rescue swooped in Boehner to suggest the fiscal cliff dialogue was moving forward and recent meetings were “constructive”. (Let’s remember Boehner likes trading stocks.) Obama followed shortly with brief comments stating he expected to have a deal done by Christmas. Algos jumped on this news and arrested selling almost instantly. You see they just look at headlines but don’t spend much time looking under the hood. It was a remarkable turnaround confirming who, what and how machines are dominating markets…’ , All Of This Whining About The Fiscal Cliff Is Pathetic http://albertpeia.com/fiscalcliffpatheticos.htm , The EU Just Lost Another Prop http://albertpeia.com/anotherpropplop.htm , The Giant Currency Superstorm That Is Coming To The Shores Of America When The Dollar Dies http://albertpeia.com/giantcurrencysuperstormcoming.htm , Enjoy the Holidays, Because Next Year Will Be Horrific http://albertpeia.com/horriffic2013.htm { Indeed, it will be! } , Hungry For The Holidays: 20 Facts About Hunger In America That Will Blow Your Mind http://albertpeia.com/hungryfortheholidays.htm ,

Will The Peak Of The Solar Cycle In 2013 Produce Technology Crippling Solar Super Storms? http://albertpeia.com/cripplingsolarstorms.htm , This the Last Push Before the Big Collapse? http://albertpeia.com/lastpushbeforebigcollapse.htm { Indeed! This is an especially great opportunity to sell, take profits since there’s much, much worse to come! } , http://albertpeia.com/daveschart112012.gif , Grant, usagold.com: ‘…Fed chairman Ben Bernanke said in a speech today that the US will continue to face many headwinds to growth, but the fiscal cliff is the most immediate danger. He warned that the Fed doesn't have the tools to fully offset a drop over the fiscal cliff, which would likely push the US back into recession. He acknowledged that "the federal budget is on an unsustainable path," yet urged Congress to raise the debt ceiling in order to "avoid any possibility of a catastrophic default on the nation's Treasury securities and other obligations."…’ { Wow! Talk about being behind the curve! Hussman: ‘the U.S. economy entered a recession during the third quarter – well before Sandy was even on the weather map.’ And, when you take into account actual, real inflation, Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ . Pervasively corrupt, defacto bankrupt america is such a b***s*** nation! } , The Twinkie That Broke The Economy's Back? http://albertpeia.com/tweekingtwinkies.htm , Moody's strips France of its triple-A rating Marketwatch , The Powers That Be Don’t Want Sovereign Bonds… They Want Gold http://albertpeia.com//notbondsgold.htm , GOLDMAN: Stocks Will Tank Another 8% In The Final Weeks Of The Year Business Insider , On America's Short-Termist And Fraud-Provoking Culture [ GO DIRECTLY TO TODAY’S BUSINESS HEADLINES ] , Dave’s Daily: ‘THE PREDICTABILITY OF DC BS 11-16-12 In a WSJ story, the current WH fiscal cliff trial balloon is to replace the “sequester” by kicking the can into 2013 which is something that’s been anticipated. Doing so would buy time but also create another date to fret about in the future which resolves nothing. The absence of leadership is quite stunning as the U.S. adopts the eurozone delay model…’ , Sica: No time to be bargain hunting Marketwatch , The Single Most Important Research of My Career , http://albertpeia.com/summersresearch.htm , Eyewitness Accounts Of Voting Machines Turning Romney Votes Into Obama Votes , http://albertpeia.com/bananarepublicusromneyvotestowobama.htm 11-15-12 U.S. Jobless Claims soared (439K vs 376K expected & prior revised higher to 361K). Most of this was blamed on Sandy but the largest number of jobless claims came from Pennsylvania and Ohio. The Empire State Mfg Survey dropped (-5.2 vs -5 expected & prior -6.16); the Philly Fed Survey was a stinker (-10.7 vs 4.5 expected a& prior 5.7); and, the CPI was basically flat and hardly worth mentioning (or even believing in).It’s reported that the FHA (Federal Housing Authority) is about to exhaust its reserves available due to mortgage delinquencies so be prepared for another taxpayer bailout. Currently the FHA has insured 739,000 loans that are 90 days or longer past due or are in foreclosure. This could total as much as $100 billion. These are the kind of facts bulls hollering housing recovery can’t seem to understand. And, all of this is happening when household formation in the U.S. is nearing an all-time low…’ , The Worst Economic Numbers In More Than A Year http://albertpeia.com/terribleeconomicnumbers.htm { Post-election, of course! } , What Really Happened When Lehman Failed… And Why Spain Will Be Much Worse http://albertpeia.com/reallehmanspainworse.htm , THE Biggest Story in Finance That No One Is Talking About http://albertpeia.com/derivativesdebtdefaultovervaluedsecurities.htm , Big Miss In Retail Sales Paints Grim Picture For Holiday Shopping ZH , Marc Faber: Prepare for a Massive Market Meltdown CNBC | The markets are going to go into meltdown soon, so expect stocks to lose 20 percent of their value, Marc Faber, author of the Gloom, Boom and Doom report told CNBC on Tuesday. , Public pension funds face vast shortfall Dave:‘COMPROMISE SEEMS FUTILE AS CLIFF NEARS 11-9-12 , Drop echoes 1987 crash prelude The charts, timing and news cycle bear more than a passing similarity to the period before October 1987 , Dow Theory now on a sell signal? … Two of the Dow Theorists whom Mark Hulbert monitors say yes. , GEORGE BUSH ACCIDENTALLY VOTES FOR OBAMA http://albertpeia.com/hessuchadope.htm { He’s such a dope! } , Share This Massive List Of Post-Election Firings And Layoffs With Everyone You Can http://albertpeia.com/postelectionfiringslayoffs.htm , The Videos Every Investor Needs to See http://albertpeia.com/videosinvestorsmustsee.htm Dave:‘… I must say the election results weren’t a great surprise but the outcome did make me wonder about what country I’m living in. After all, what president could run on this kind of record and win?…’{ Don’t buy into the fraudulent ‘wall street for Romney’ purported scenario as they cheered every contraindicated fiscal/political pro-obama move/misstep with a contraindicated pro-obama rally. Wall street, like obama, is just b***s*** and fraud! } ‘FISCAL CLIFF HISSY FIT 11-7-12 It could probably be argued reasonably that insiders who own large equity positions with large profits are hitting the sell button Wednesday to take advantage of current tax rates. The fiscal cliff will be much discussed over the next two months. A failure to reach a compromise will mean large tax increases on capital gains and dividends. So insiders sell and markets decline.There was a sense Tuesday that Obama would win so markets rallied on thoughts QE and ZIRP would remain in place. But that sentiment was misplaced by me since pundits subsequently suggested the rally was due to a Romney win… , [ GO DIRECTLY TO TODAY’S BUSINESS HEADLINES ] Obama's Re-Election Party Cut Short By Biggest Market Plunge In 1 Year , Guest Post: Time To Focus On 'Return Of Capital' , Charting The Great Stagnation Of American's Real Productivity , And Now Come The Margin Calls: NYSE Margin Debt At 16 Month High , AAPL Enters Bear Market , Marc Faber's Asset Protection Plan: "Buy A Machine Gun", No Really, "You're Right, Buy A Tank" From his view that the market should be down at least 20% - and maybe 50%…he believes fervently that the "standards of living of people in the western hemisphere will continue to decline." Faber views Obama's re-election as one of many unintended consequences of market manipulation (since Democrat attacks on the wealthy were 'enabled' by their profiteering from Bernanke's money printing) and sees the need to protect one's assets "with a gun, a machine gun... or perhaps a tank." He concludes with a stunner as he exclaims his view doubting Obama will make it through the whole four-year term because "there will be so many scandals"… , Biderman On Obama As The Worst 'Fiscal' President Ever The US government will be bankrupt after another four years…Fitch as much as confirmed this when it suggested a downgrade is coming…"My guess is that Mr. Obama and his close buddies have no idea what they are doing, or else they would not be doing what they have been doing. The most dangerous are those people who think they are smarter than they are." , Investors Fear More Than Just a 'Fiscal Cliff'Posted by: RickAckermanPost date: 11/07/2012 - The Dow plunged 313 points yesterday, but don’t believe news media reports that it was the nearness of the “fiscal cliff” that caused the selloff. What spooked investors is a bigger picture that... http://albertpeia.com/worsethanfiscalcliff.htm , The Three Items Every Investor Needs to Be Aware of Going Forward http://albertpeia.com/3items.htm , Tim Geithner: Next Steps ‘…his deplorable run as the (figure)head of the New York Fed (from 2003 until 2009), when the entire financial system literally imploded under his watch, to his epic failing up as Hank Paulson's replacement as treasury Secretary .. Geithner's tenure in charge of the Treasury in the past 4 years has been somewhat mollified by the fact that here too here was merely a figurehead, and the true entity that runs the US printing presses is none other than the JPM and Goldman Sachs co-chaired Treasury Borrowing Advisory Committee (for more on the TBAC read here and especially here as pertains to the former LTCM trader and current head of JPM's CIO group), meaning that the US Treasury, just like the Fed, are merely branches of the one true power in US governance: Wall Street. Geithnerian figureheadedness aside, the one undeniable fact is that Tim Geithner's days as head of the Treasury are now numbered.. what is a career "public servant" to do once the public no longer has any interest in retaining his services?..’ , A 21% Chance Of A 50% Plunge In The S&P 500? ‘..options markets currently suggest a 1 in 4.7 chance of a greater-than-50% drop in the S&P..’ , http://albertpeia.com/zh1.gif http://albertpeia.com/zh2.gif … , Investment Outlook November 2012 William H. Gross http://albertpeia.com/grossoutlook.htm , Obama Campaigns In Vegas While Storm Victims Defecate In The Hallways And Rummage Through Garbage Dumpsters For Food http://albertpeia.com/obamaseternalcamtheirpain.htm , Step Aside Apple Line, Here Comes The Gas Line: Photo Album Of A Nation Waiting, Waiting, Waiting ZeroHedge.com , Spain Offers Yet Another Impossible Solution to Its Problems http://albertpeia.com/todreamtheimpossibledream.htm , Anarchy Along The Jersey Shore And On Long Island In The Aftermath Of Hurricane Sandy http://albertpeia.com/anarchyjerseynewyork.htm , Initial Claims Beat Expectations, Last Week's Beat Revised To Miss ZH Last week, when we reported last week's lucky Initial Claims expectations beat of 369K, we explicitly said the following: "today's Initial Claims number which magically "beat" expectations by 1K, printing at 369K, on expectations of 370K, will be revised to a miss of 372K next week.", Cleanup of Sandy expected to add billions to the national debt , Why Germany Wants to See its US Gold { Good luck with that … I don’t think so … maybe a few token bars but not the now predominant tungsten goldplate http://albertpeia.com/foolsgold.htm } Spiegel | For decades, almost half of Germany’s gold has been stored deep below the Federal Reserve Bank of New York. Now, with the euro crisis swirling, German politicians are asking their central bankers to take stock. , NY state asks feds to cover all $6 billion in storm costs... { Between wall street frauds/bail outs, outright theft from the new york fed, a major hub of organized crime, etc., in the trillions, what a national drain new york is! } , USA, Inc. - Part 2: If America Were A Corporation, It Would Be Broke-er When Mary Meeker, formerly of pre-IPO bubble analyst fame, released her "USA, Inc." presentation last year, which assayed the US government as if it were a corporation, her conclusion was simple: the country is broke, and can not continue along the path it is on now. Fast forward to today, when the US debt balance is over $1 trillion higher, and the next edition of Mary Meeker's presentation which she released at last week's Ira Sohn conference. Her conclusion: the US is now broke-er than ever. , Starting Off With A Bang: In First Month Of Fiscal 2013, US Adds $195 Billion In Debt , Americans Aged 18-29 Have A More Favorable Response To Socialism Than To Capitalism ZeroHedge.com 11/01/2012 { That’s largely because they’re living in a failed socialist plutocracy and have a failed socialist/pro-communist president, all under the guise of a capitalist/free society/democracy; which of course, the latter being an absolute fiction. Quite simply, they’ve never even seen capitalism. } , Somebody Should Start The 'Stuff Costs Too Much' Party http://albertpeia.com/inflationrisingfastandfurious.htm , …Worse Than 2008? http://albertpeia.com/worsethan2008.htm { The only reason that it doesn’t appear that way here yet (though still quite bad) is because of the profligate spending of money the nation doesn’t have to hide obama’s egregious failure as president; exacerbating the nation’s already dire predicament economically and otherwise. } , Superstorm Sandy's extremes, by the numbers AP By The Associated Press { Damage estimates are conservative and likely to go significantly higher. } , ZH: Guest Post: Hurricanes Do Not Have A 'Silver Lining' , Guest Post: The Tremendous Economic Benefits Of Superstorm Sandy ZeroHedge.com 10/31/2012 { I really have to say, I was thinking the same thing regarding the outlandish spin (the ubiquity of which regardless of reality helped get us to this precarious point in the first place) to be accorded this unequivocally devastating blow to the economy, on top of all the other ‘deferred/pending’ blows to come! Really! } , Will The Bottom Fall Out? 15 Signs That Layoffs And Job Losses Are Skyrocketing http://albertpeia.com/layoffsjoblossesskyrocketing.htm , Spain is 100% Totally Beyond Saving http://albertpeia.com/spainbeyondsaving.htm , What America's CEOs Really Think In One Chart ZeroHedge.com ‘…a huge rise in North American job cuts. , 37 Facts About How Cruel This Economy Has Been To Millions Of Desperate American Families http://albertpeia.com/37factscrueleconomydesperateamericans.htm , The Truth About Europe… Which the Media Won’t Report http://albertpeia.com/truthabouteumediawontreport.htm , The 46 Million Foodstamp Man March - An Infographic ZeroHedge.com , Marketwatch: Euro erases gains after Spain downgraded S&P cuts Spain's rating to one notch above junk , FOX: Playing games with pensions Public pensions are severely underfunded, threatening the retirements of government workers and taxpayer wallets. , The Largest Economy In The World Is Imploding Right In Front Of Our Eyes http://albertpeia.com/largesteconomyimploding.htm , [ GO DIRECTLY TO TODAY’S BUSINESS HEADLINES ] MF cuts 2012, 2013 global growth forecasts Marketwatch , The Inflation Rate Is A Lie Too http://albertpeia.com/inflationrateisalietoo.htm , Is China an economic miracle, or one massive Government-Sponsored fraud? http://albertpeia.com/chinamiraclegovernmentfraud.htm , Spain: How One Country Could Take Down the Entire EU Banking System http://albertpeia.com/spaincouldbringdowneubanksystem.htm , Stocks See Biggest 2-Day Gain In 5 Weeks On...Denied Rumors? UPDATE: IBM -3% after-hours (equiv. 50 Dow Points) { Total b***s*** market! This is a great opportunity to sell, take profits – much worse to come! } , The Last Days Of America? 25 Signs Of Extreme Social Decay http://albertpeia.com/lastdaysofamerica.htm , Waiting On November 6th http://albertpeia.com/waitingforgodoe.htm , Why Intel Better Not Be Economic Bellwether This Time Around ZeroHedge.com ‘..the semiconductor manufacturer saw even more weakness in Q4..’ , 21 Signs That The Global Economic Crisis Is About To Go To A Whole New Level http://albertpeia.com/21signsglobaleconomiccrisisabouttogetmuchworse.htm , Farrakhan's Fiery New Warning to USA: 'Every Plague Written in Koran is Going to Come to Pass'... { farrakhan’s really only talking about (all plagues rolled into) one plague; viz., the plague of the nigger which is extant despoliation wherever the niggers are, in the worst sense! Yes, they are the other, more nefarious black plague! }

Violent crime rises sharply... ‘6:53PM EDT October 17. 2012 - WASHINGTON — The violent crime rate went up 17% last year , Dave’s Daily: http://www.etfdigest.com ‘THUMBS DOWN ON EARNINGS 10-23-12 Suddenly things don’t look good for bulls. Most of it is based on poor earnings and outlooks from leading companies. , Pimco COO blasts financial culture Marketwatch , This Could Be the World’s Largest, Most Toxic Banking System… http://albertpeia.com/largestmosttoxicbanksystem.htm , What If We Adopted A System Where The Banks Did Not Create Our Money? http://albertpeia.com/systemwherebanksdontcreatemoney.htm , Romney’s Detroit op-ed jumps to NYT’ ‘Most Read’ list , New Obama ad inflates jobs claim It claims the president created 5.2 million new jobs. The total number of jobs added is actually about 325,000. { Wobama is such a b***s***! O is a big ZERO as in 4 failed years minus 4 more years of failure equals 0 years to go come 11-6-12 and 1-21-13! O’s such a lying con/grifter! } , Lance Armstrong and America’s growing culture of psychopathic liars Natural News | Lance Armstrong’s implosion is being called an “epic downfall” by CNN. , Eyes Wide Shut - "We Are In A Bad Spot" ZeroHedge.com , Dave: POOR COMPANY REPORTS CRUSH STOCKS 10-19-12 , Spain’s Back In Crisis Mode… And Will Take The EU Down With It http://albertpeia.com/spainbackincrisismode.htm , This Is Why, To An Economist, QE Refuses To Work ZeroHedge.com { A very important point/reference is made here infra regarding the reality of ‘grant’ (bribe) money which is why academics are, though contraindicated in terms of reality and 4 years of failure, backing obama in lock-step legion. Truly pathetic and indicative of decline! True desperation! } , If The Market's Disconnect With Economic Reality is Over, Watch Out Below , Why Rajoy's 'Delay-And-Pray' Strategy Won't Work , Bill Gross Warns "Very Likely' Central Banks Will Cause 1987-Like Crash , Two bank failures take U.S. tally to 46, FDIC says Marketwatch , Pimco says U.S. downgrade imminent Marketwatch , Sales of existing homes decline 1.7% in September Marketwatch Inventories decline 3.3% to 2.32 million units/ Inventories represent 5.9 months of supply ‘GOOGLE SLIP ROCKS MARKETS 10-18-12 , ‘…The culprit: California. The nation’s most populous state appears to have shown a smaller number of claims than usual two weeks ago… The niggerization of caifornia: 10 states stealing California's population { Stealing? I don’t think so. There’s really nothing positive to say about california as a (w)hole! Only jersey is worse! http://albertpeia.com/calihole.htm And, as recently as the Reagan ‘80’s that was not nearly the case concerning california which has fallen far and fast. } , What Do California And Detroit Have In Common? (Hint: niggers, etc.) http://albertpeia.com/californiadetroitdeclineincommon.htm { Not to be confused with the baseball Tigers: Congratulations on their pennant win! Go Big Cats! }, Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm Pro 0 New York’s not much better with their trillion dollar wall street frauds/drain. , 55 Facts About The Debt And U.S. Government Finances That Every American Voter Should Know http://albertpeia.com/55factsaboutusdebtfinancesvotersshouldknow.htm , 50 Crazy Things That Obama Supporters Are Threatening To Do If Romney Wins http://albertpeia.com/50crazythingswobamasupportersthreatening.htm , Greece Is Not Poor - It Actually Has Massive Uptapped Reserves Of Gold, Oil And Natural Gas http://albertpeia.com/greeceyuntappedwealth.htm , US Households Are Not "Deleveraging" - They Are Simply Defaulting In Bulk ZeroHedge.com , Bear market may begin Tuesday { We are in a secular bear market (foolishly) obfuscated by fiat paper currency creation/printing! } , Did Bernanke Bluff About QE3? http://albertpeia.com/bernankebluff.htm , Visualizing America's Economic Freedom Plunge ZeroHedge.com , [ GO DIRECTLY TO TODAY’S BUSINESS HEADLINES ] , Obama campaign unleashing 'the Big Dog' in battleground states { Riiiiight! The big dog…who found a way to poop up the presidency after being gifted with a huge end of cold war peace dividend courtesy of predominantly Reagan. Yes, on route to blowing the job, despite his support for NAFTA, he did get quite a few…blow(n) jobs… http://albertpeia.com/bigdogpoop.htm } , Doug Casey Predicts Day of Economic Reckoning Is Near http://albertpeia.com/caseysayseconomicreckoningnear.htm , http://albertpeia.com/truthabouteurope.htm , It Is Not Just Your Imagination - American Families ARE Getting Poorer http://albertpeia.com/americansgettingpoorer.htm , Food Inflation, Food Shortages And Food Riots Are Coming http://albertpeia.com/foodinflationshortagesriotscoming.htm , Americans Are Literally Being Worked To Death http://albertpeia.com/americansworkedtodeath.htm { I personally believe a new category of anxiety disorder has arisen in america which probably would fall within the broader genus of ‘obsessive compulsive’;viz., the obsessively compulsive trait being overuse of cell phones/text messaging, etc., in some instances to the point where fingers are literally rendered ‘raw’ from the typing. Such, of course, is famously promoted/encouraged (tweets, etc.) by the media, ‘celebs’, etc., and of course the ‘sellers’ of the China-made gadgets, ie., apple (I-phones, etc.), etc.. And, despite being invariably sympathetic to the plight of kids generally, I really must say it’s really rather startling and pathetic! } , Dow will repeat 2007-2008 peak-crash cycle Commentary: It’s deja vu as lessons of meltdown go unheeded By Paul B. Farrell, MarketWatch http://albertpeia.com/dowwillrepeatcrashcycle.htm , It's not different this time: The Dow Theory Marketwatch - Oliver Pursche , Quantitative Easing Did Not Work For The Weimar Republic Either http://theeconomiccollapseblog.com http://albertpeia.com/qedidnotworkforweimarrepubliceither.htm [ http://albertpeia.com/moreqesayfraudsonwallstreet.htm { Riiiiight! Anything but reality that would thwart their daily fraud, churn-and-earn national debacle. Actually, I think it’s more for the ‘sell the sizzle’ part of their ubiquitous fraud; that fraud inducing ‘hopium thing’ that’s been great for their high frequency algo trade frauds that the rest of the nation/world pays for. What’s really required is prosecution of these huge frauds, incarceration of and disgorgement and fines for the perps, without exception! } ] , There is No Engine For Global Growth Pt 3 (the US) http://albertpeia.com/theresnoengineforglobalgrowth3.htm , 14 Signs That The World Economy Is Getting Weaker http://albertpeia.com/14signsworldeconomyweaker.htm , 1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm , The Federal Reserve Sends Thank You Letters To Congress For Letting Them Destroy Our Economy In Secret http://alberpeia.com/feddestroyingeconomy.htm , Time to reap gains and hedge positions Marketwatch ‘it is time to take profits’ http://albertpeia.com/catsareamazing.htm , Where We Are and Where We’re Going (10-1-12) http://albertpeia.com/fedroadtoperdition.htm , Guest Post: The Global Spring ZeroHedge.com ‘…Whether it was the intention from the outset or not, what globalization has created is a very small class of incredibly wealthy people that are extraordinarily corrupt as a group and also above the law. The writing is on the wall folks.  The global economy is headed back down into depths that will prove worse than 2008, and this time no amount of money printing and propaganda will be enough to hold things together.  TPTB know this. What we have today is not Socialism or Capitalism, it is Ponzism. , Proof Positive Than Central Banks and Central Planning Fail http://albertpeia.htm/proofofcentralbankplanningfailure.htm , Why Does Our Society Look Down On Unemployed Men So Much? http://albertpeia.com/uslooksdownonunemployedmen.htm , First United Bank is 43rd 2012 U.S. bank failure , Chicago PMI drops into negative territory in Sept. , Alternatives to the dollar Marketwatch , http://albertpeia.com/joblessclaimspinandreality.gif , Small Business Owners Understand the Economy Better Than Our Fed Chairman http://albertpeia.com/businessownersknoweconomybetterthanfedben.htm , Dave’s Daily: http://www.etfdigest.com EUROZONE CONTAGION RETURNS TO MARKETS 9-26-12 , Fed Virtually Funding the Entire US Deficit CNBC | “If this becomes the new ordinary, it’s hard to imagine the Fed’s maneuvering room” should another crisis hit, economist Lindsay said. { Another crisis? Folks, the nation is insurmountably defacto bankrupt, along with a panoply of other problems, not the least of which is pervasive crime and corruption. This is a crisis! } , QE4? The Big Wall Street Banks Are Already Complaining That QE3 Is Not Enough http://theeconomiccollapseblog.com http://albertpeia.com/moreqesayfraudsonwallstreet.htm , There is No Engine for Global Growth Pt 2 (Europe) September 25, 2012 http://gainspainscapital.com http://albertpeia.com/theresnoengineforglobalgrowth2.htm , [ GO DIRECTLY TO TODAY’S BUSINESS HEADLINES ] , 19 Signs That America Is Being Systematically Transformed Into A Giant Surveillance Grid http://albertpeia.com/usasurveillancegrid.htm , 10 states stealing California's population { Stealing? I don’t think so. There’s really nothing positive to say about california as a (w)hole! Only jersey is worse! http://albertpeia.com/calihole.htm And, as recently as the Reagan ‘80’s that was not nearly the case concerning california which has fallen far and fast. } , There’s No Engine For Global Growth (China Edition) http://albertpeia.com/theresnoengineforglobalgrowth.htm , Get Your Fake Tungsten-Filled Gold Coins Here ZeroHedge.com , Winners Lose As Safety Outperforms UPDATE: CAT is sliding AH after noting higher chance of recession and cuts 2015 EPS guidance from $15-20 to $12-18 , Super Mario’s Big Bluff http://albertpeia.com/supermariosbigbluff.htm , Where Would the S&P 500 Be Without Fed Intervention? http://albertpeia.com/snpfed.htm , Things Are Getting Worse: Median Household Income Has Fallen 4 Years In A Row http://albertpeia.com/thingsworseincomefalls4inarow.htm , Thanks Obama - The Terrorists You Used To Topple Regimes In Egypt And Libya Are Now Attacking Our Embassies http://albertpeia.com/thankswoforblowback.htm , Is America The Most Materialistic Society In The History Of The World? http://albertpeia.com/americanmaterialism.htm { When it comes to american fortunes especially; particularly, ie., fraudulent wall street-made fortunes, though there are otherwise some exceptions, that old adage displayed at the beginning of one of Francis Ford Coppola’s masterfully done mafia movies, viz., ‘Behind every fortune a crime’, is apposite. } , We're Entering Another Economic Collapse... Right As Inflation Hits LIft Off! Phoenix Capital Research 9-21-12 http://albertpeia.com/economiccollapseplusrisinginflation.htm , 21 Facts About America's Decaying Infrastructure That Will Blow Your Mind http://theeconomiccollapseblog.com http://albertpeia.com/21factsamericasdecayinginfrastructure.htm , 100 DAYS UNTIL LARGEST TAX HIKES IN HISTORY... http://albertpeia.com/taxmaggedon.htm , Dumb money sees a rally, so gird for a dip , Dave’s Daily: http://etfdigest.com ‘QUAD WITCHING NONEVENT 9-21-12 , The richest and poorest U.S. cities by income http://albertpeia.com/25uscitiesbyincome.htm , 10 Quotes From Financial Experts About The Effect That QE3 Will Have On Gold And Silver http://albertpeia.com/10quotesfromfinancialexpertsreqe.htm , Forget About QE… I’m Worried About UC September 20, 2012 http://gainspainscapital.com http://albertpeia.com/qeconsequences.htm , The Fed’s QE 3 Program: Short Term Thinking For Long-Term Pain http://albertpeia.com/shorttermthinkinglongtermpain.htm { The problem is, it’s not even sound short-term thinking. Oh sure, the fraudulent churn and earn markets are loving this, yet some see this ‘non-economic’, costly obfuscating scam for its real effect and detriment; ie., Egan-Jones downgrades U.S. rating on QE3 move , etc.. } , 10 Shocking Quotes About What QE3 Is Going To Do To America http://albertpeia.com/10shocksregardingwhatqe3willdotous.htm , How QE3 Will Make The Wealthy Even Wealthier While Causing Living Standards To Fall For The Rest Of Us http://albertpeia.com/qe3wealthywealthiertherestpoorer.htm , 9-19-12 It’s Time to Air Out Ben Bernanke’s Dirty Laundry http://albertpeia.com/rainmanhelicopterbensdirtylaundry.htm , What Mitt Romney Also Said: A Glimpse Of The Endgame? ZeroHedge.com http://albertpeia.com/mittalsosaid.htm , 'Krugman's Kryptonite' Pedro Schwartz On Creating Money Out Of Thin Air "A serious inflationary disaster will only be prevented if governments succeed in reducing their deficits and stop selling bonds" , Draghi and Bernanke’s Worst Nightmares Are About to Unfold ‘…they’ve both failed…’ http://albertpeia.com/draghibernankeworstnightmare.htm , MARKET WATCH HEADLINES http://albertpeia.com/marketwatchheadlines.htm , The Federal Reserve Is Systematically Destroying Social Security And The Retirement Plans Of Millions Of Americans http://albertpeia.com/feddestroyingsocialsecurity.htm , Tungsten-Filled 10 Oz Gold Bar Found In The Middle Of Manhattan's Jewelry District ZeroHedge.com , Where We Are and Where We’re Going (Week of September 17, 2012) http://gainspainscapital.com http://albertpeia.com/hereandthere.htm , ‘My sense is [QE3] is going to have a greater effect on inflation and a minimal impact on jobs.’—Jeffrey Lacker President , Richmond Federal Reserve Bank , Dave’s Daily: http://etfdigest.com ‘MARKETS TAKE A BREAK 9-17-12 China stocks were hit hard yesterday with Shanghai indexes weaker by 2-2.5% and down to levels not seen since 2009 [ Anti-American fury sweeps across an inflamed Muslim world { Despite casting this as being over a film, it’s not just the film; but as well, blowback for innumerable policy missteps that ultimately included direct or indirect acts of violence/aggression. These people are not blind, nor are they utter fools despite america et als’ foolish assumptions and presumptions to the contrary. } QE3: Helicopter Ben Bernanke Makes It Rain Money http://albertpeia.com/debaseddollarfailedstrategy.htm ‘…The course that the Federal Reserve has set us on is utter insanity.  Ben Bernanke can rain money down on us all he wants { because he’s ‘The Rain Man’ }, but it is not going to do much at all to help the real economy.  However, it will definitely hasten the destruction of the U.S. dollar…’ , [ GO DIRECTLY TO TODAY’S BUSINESS HEADLINES ] The Punchline In His Own Words: Bernanke Advocates Blowing Asset Bubbles As The Antidote To Depression ZeroHedge.com { This is an especially great opportunity to sell this suckers’ market/take profits! Nothing’s been solved! Just because ‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember that ‘no recession call’ of his; and, of course, no QE before the election, prospectively, already discounted many times over by the ‘markets, such as they are, ie., algo buy programs, etc.. ). All this and now ‘whatever’ is too little and too late for the uss Titanic which has taken on too much, not water, but b***s***. This was a desperate move, bespeaking desperation.The fact is things are ominously so bad, and worse than ‘allowed’ to be seen for the moment, that something as this QE which is economically and financially contraindicated and a proven failure for all but the frauds on wall street along with their cohorts including desperate politicos, is resorted to in desperation to divert attention from their unequivocal failure. After all, though having cost so many americans their jobs with wrong calls and policies, bernanke is trying to save his own by inflating the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama rehired failure bernanke, President Romney would have fired, and will fire him … goldman sachs knew this dollar debasing failed policy QE 3 would come and at the expense of the muppets…that’s their term for all you suckers). I further believe this contraindicated largess to the frauds on wall street is to preserve his post fedship tenure job possibilities by ingratiating himself even further with those nefarious, self-serving interest groups. } Dave’s Daily: http://www.etfdigest.com ‘FED IN FOR A PENNY IN FOR A POUND 9-13-12 Basically the Fed has gone too far done the money printing mode to stop now. They believe what their policies will stimulate employment but all operations in this regard have failed. The Bernank will spin this as an apolitical move coming two months before an election that could cost him his job…’ ‘MARKETS IN WAITING GAME 9-11-12 It was a mix of news Tuesday. The featured story was Moody’s stating they’ll be cutting the U.S. rating one notch if politicians can’t agree on debt reduction plans. Germany’s Schauble piled on stating U.S. debt to GDP ratio was much too high. This sent the dollar (UUP) lower and gold (GLD) higher once again… , What’s the Fed Going to Do? http://albertpeia.com/whatsthefedtodo.htm , China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar http://albertpeia.com/debaseddollardown.htm , September 11 – Eleven Years Later (Selected Statistics) ZeroHedge.com On the anniversary of the most emotional day in our collective memory,  here are some key statistics in the interest of truth, justice and the American way: http://albertpeia.com/september11stats.png , The Student Loan Debt Bubble Is Creating Millions Of Modern Day Serfs http://albertpeia.com/studentloandebtserfs.htm , The Real Unemployment Numbers Are Worse Than You Are Being Told http://albertpeia.com/realunemploymentnumbersmuchworse.htm , The Historic Demise Of The Ever-Shrinking Dollar: An Infographic ZeroHedge.com , Dave: ‘A SPOONFUL OF SUGAR HELPS THE MEDICINE GO DOWN’ 9-7-12 { It really must be emphasized/said, and it has been said infra*, that the west generally, and the u.s. especially, have become unmistakably banana republics meeting all criteria by which such failed forms of political/economic ‘organization’ are denoted. The consistent and persistent focus on the totally fraudulent, manipulated stock markets, fraudulent wall street particularly with contraindicated, failed QE for benefit of wall street frauds only, to the detriment of literally everyone else, viz., taxpayers, main street, etc., has become nothing short of criminally insane! ‘DRAGHI GIVES BULLS WHAT THEY WANT 9-6-12 Bullish algos bought immediately after Draghi’s announcements. They aren’t interested in the details just the headlines which told them more money printing was on the way. Draghi stated there would be “conditions” to their bond buying of various sovereign debt but details of these conditions were illusive , ECB INTERVENTION COMMENT DU JOUR: "CLASSIC BANANA REPUBLIC BANKING" http://albertpeia.com/classicbananarepublicbanking.htm , Are You Better Off? 40 Statistics That Will Absolutely Shock You http://albertpeia.com/40statsyourenotbetteroff.htm , The Next Round of the EU Implosion is at Our Doorstep http://albertpeia.com/nextroundeuimplosionnow.htm , Bloomberg FOIA Documents How Wall Street Made A Muppet Of The SEC, Mary Schapiro And Dodd Frank , US$2000 gold by year end, Capital Economics maintains , Dave: ‘ALGO DRIVEN TRADING DOMINATES TUESDAY 9-4-12 The basic news on the day was universally poor…’ , 18 Indications That Europe Has Become An Economic Black Hole Which Is Going To Suck The Life Out Of The Global Economy http://albertpeia.com/18indicationseuropesuckinglifeofglobaleconomy.htm , THREE CHARTS TO WATCH FOR SIGNS OF WHAT’S TO COME http://albertpeia.com/3chartstowatchwhatscoming.htm , Moody's Downgrades European Union To Outlook Negative ZeroHedge.com , Clint Eastwood to speak at the Republican National Convention: reports { Indeed he did! All is not unforgiven. That’s a double-negative, Clint, meaning all’s forgiven ( I just wanted to interject his oscar-winning ‘Unforgiven’ for the record, along with ‘Million Dollar Baby’) for your pro-gay marriage, don’t give a f*** egalitarian position (I actually thought in light thereof he was a ‘wobama man’)... 82 and still truckin’ in a big way…what a guy…I’m impressed…he made our day! ( There are some detractors, talkin’ this and that about his speech; but, the point is that Clint’s doing it, not just talkin’ about it! ) Well Done, Clint! I’m also adding here for the record the fact that Robert Duvall did a fundraiser for President Romney with First Lady Ann Romney; and, had an underrated, underappreciated superb (less than big budget) film of his own, ‘Assassination Tango’, which in light of nuanced performance and attention to detail deserved greater attention and acclaim ( any guy whose been offered a free poke from Diane Lane [‘Lonesome Dove’] and loves the smell of napalm in the morning [the great ‘Apocalypse Now’] is more than okay in my book). And, Jon Voight: The Advocate … Who woulda thunk it? Cogent and relevant! } , Tokyo court rules that Samsung did not infringe on Apple patent AP { This is a very big deal! } , ‘QE QUESTIONS http://albertpeia.com/consumercon.png { To QE or not to QE, that is the question…whether it is nobler in the mind to suffer the slings and arrows of outrageous destruction of fortunes … ah, yes … good choice Dave … I know those soliloquies by heart…and now, a little Lewis Carroll with a mad hatter none other than helicopter-ben-shalom-bernanke … } 8-28-12 , Drudgereport: Gasoline To Hit Labor Day Record Price... { Predominantly the consequence of failed QE for the benefit of fraudulent wall street only and wobama’s (failed) re-election scam! } , Is There Going To Be A Stock Market Crash In The Fall? http://albertpeia.com/stockmarketcrashcoming.htm { Short answer, YES! If there’s still any rationality left in these stock markets! } , FOUR REASONS WHY THE FED WILL NOT ANNOUNCE QE 3 THIS FRIDAY gpc1981 http://albertpeia.com/4reasonsnoqe3.htm http://albertpeia.com/qe3notcoming.htm , Thank You Wall Street Thanks for everything... http://albertpeia.com/thanksfraudulentwallstreet.png , …BERNANKE & CO READY TO PROVIDE ANOTHER ROUND { …of consistently failed, inflationary QE for the benefit of the wall street frauds only, to the detriment of the real economy and everyone else! This misguided wall street fraud oriented policy is in large part responsible for the increasingly dismal state of the economy along with the natural concomitant of rising prices which are blamed on everything but the contraindicated QE which is the primary culprit! } The only news that mattered to the algos and HFTs were nuggets of more QE found in FOMC Minutes released just in time for the 2:15 Buy Program Express to leave the station. More money printing is inflationary and stocks can inflate too so let’s not kid ourselves. , Grim economic report provides Romney with opening http://albertpeia.com/truthwinsecotopics.htm , Guest Post: The Stock Market Is An "Attractive Nuisance" And Should Be Closed ZeroHedge.com Tyler Durden { Yes! This article should in no way be considered tongue-in-cheek sarcasm, exaggeration; but rather, the reality that the stock market has become a parasitic den of thieves and fraud literally detrimental to all people, all places except for the few indigenous denizens of this infectious malignancy that literally sucks the life blood out of all they reach and touch! } , Thanks Obama - Here Are 24 Stats That Show How Much You Have Royally Messed Up Our Economy http://albertpeia.com/24statsshowhowobamamessedupeconomy.htm , 8 Economic Threats That We Were Not Even Talking About At The Beginning Of The Summer http://albertpeia.com/8neweconomicthreats.htm , More Than Half Of All Americans Are At Least Partially Dependent On The Government http://albertpeia.com/morethanhalfamericansdependentongovernment.htm , Jacob Rothschild, John Paulson And George Soros Are All Betting That Financial Disaster Is Coming http://albertpeia.com/insidersmartmoneybetsfinancialdisastercoming.htm , US fiscal cliff risks new recession, says report , Eric Sprott: The Financial System’s Death Knell? http://albertpeia.com/incometaxforwar.jpg http://albertpeia.com/usfoodcrisis.htm ,‘QE TALK & MERKEL PROP STOCKS 8-16-12 , http://albertpeia.com/newhousingunitscompleted.jpg , Startling Evidence That Central Banks And Wall Street Insiders Are Rapidly Preparing For Something BIG http://albertpeia.com/centralbankswallstreetinsidersprepforsomethingbig.htm

‘DATA MANIPULATION UNDER COVER’, EUROPE HAS TWO POTENTIAL “HAIL MARY” PASSES … WOULD EITHER OF THEM WORK { Short Answer: NO! } ? http://albertpeia.com/europesbailmario.htm , The Mississippi River Is Drying Up http://albertpeia.com/mississippidryingup.htm , You Will Not Believe What Some People Are Willing To Do For A Paycheck These Days http://albertpeia.com/desperateforapaycheck.htm , Dan Loeb Purges Portfolio, Cuts Over Two Thirds Of Equity Holdings, Adds 25 New Positions ZeroHedge.com , S&P 500 Futures 'Plunge' 1.25 Points - Most In 10 Days! , Bill Gross On Where "Bad Bonds Go To Die": Joins Paul Singer In Hatred Of Treasurys , Are The Government And The Big Banks Quietly Preparing For An Imminent Financial Collapse? http://albertpeia.com/imminentfinancialcollapse.htm , The Sobering Reality Of What Life Is Like In Reno, Nevada http://albertpeia.com/realityofdyinguscitieslikerenonv.htm , What the ECB Can Actually Do... Not Much Posted by: Phoenix Capital... So there is literally NO option that could save Europe at this point. We can get verbal interventions and symbolic gestures (such as Draghi's "bazooka" threat), but the fact of the... http://albertpeia.com/marketsshortsqueezeeurophorialunacy.htm , France to slide into recession says central bank France's central bank expects the country to slip into recession in the third quarter with many EU countries already in recession in the wake of the debt crisis. , Top Obama watchdog: America's 'pretty f**ked' If you are looking for opinions on the current state of the country, former TARP Inspector General Neil Barofsky is opening up about what he thinks of America. And, if you ask him, the whole nation might be pretty damn f**ked. , More Than 100 Million Americans Are On Welfare http://albertpeia.com/morethan100millionamericansonwelfare.htm , 14 Questions People Ask About How To Prepare For The Collapse Of The Economy http://albertpeia.com/preparingforcollapseofeconomy.htm , Europe Is Not a Matter of Opinion… It’s a Matter of Math http://albertpeia.com/eumathinsolvency.htm , And You Thought Q2 Earnings Were Bad? ZeroHedge.com A Primer To Intraday Market Moves’ , [ { Dave’s Daily Summary with pics/charts – Dave is always worth a look; a bit too bullish methinks, but somewhat realistic in light of the preposterous churn-and-earn frauds/’valuations’, which folly has gone global and will end quite badly! http://albertpeia.com/davesummary8312.htm } Then there’s: { AP: Preposterous beyond words! In a nutshell: lunatics here on wall street and abroad are indeed affected by this full moon in a very big way! } ] , Lest you think we’ve turned the corner. . . . by MK It’s Friday. And if its Friday, the FDIC announces another bank failure. In this case the 40th bank failure this year. At that rate about six per month. (But who’s counting?) Waukegan Savings Bank of Waukegan, Illinois. . ‘ , The Bernanke Put is a Lie By gpc1981 http://albertpeia.com/bernankeputalie.htm , The Employment Rate In The United States Is Lower Than It Was During The Last Recession http://albertpeia.com/usemploymentratelowerthanlastrecession.htm , Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm , ‘DRAGHI DROPS THE BATON 8-2-12 European Central Bank chief Mario Draghi could not back up his bold statements from last week with specific action. He could only say the ECB “may” through its mandate buy eurozone bonds. Basically this means he backed the Germans into a corner and they didn’t blink. His credibility has taken a major hit and Spanish bond yields once again headed for 7%...A late day rally (see SPY 2:15 PM Buy Program Express) lifted stocks off their lows led mostly by technology (XLK) and more Apple (AAPL) split chatter. Do you really think equity markets overall can be durably supported by one stock and infinite central bank QE?...’ , ‘BERNANKE PASSES THE BATON TO DRAGHI 8-1-12 … China’s official PMI fell to the lowest level since November 2011 and for the third consecutive month (50.1 vs 50.2 prior). Most view this as a temporary decline or even attribute it to seasonal factors. But if you read anything by hedge fund guru Jim Chanos you might see things in a much different way.Even more interesting Wednesday was the HFT algo mishaps that befell trading particularly at Knight Capital which struggled with an avalanche of misplaced orders and high volume. ETFs like the Market Vectors Gold Miners ETF (GDX) and Direxion Shares leveraged Gold Miners ETF (NUGT) saw incredible volume spikes. The NYSE has a love affair with HFTs providing volume not to mention trade rebates nevertheless insists it will “look into the matter”. Knight Capital has announced its “trade cancelation band” at 30%. The NYSE has ruled only 6 stocks will feature canceled trades.The “flash crash” was 20%. This is the danger of leaving Good til Canceled (GTC) trailing stops and thinking you’re protected. Nevertheless this type of activity is what drives more investors away from markets. http://albertpeia.com/davescharts8112.jpg http://albertpeia.com/davescharts8113.jpg , Angela Merkel Will NOT Lose Germany’s AAA Status Before Her Re-election Let’s Stop Kidding Ourselves and Look at the REAL Math Behind Spain http://albertpeia.com/merkelholdsspainfolds.htm , Mainstream Reporter Tells The Truth About Audit The Fed And The Creation Of The Federal Reserve http://albertpeia.com/truthaboutauditfedandfedcreation.htm , This Is What Happens When An HFT Algo Goes Totally Berserk And Serves Knight Capital With The Bill ZeroHedge.com

Germany Now Has a REAL Debt to GDP of 300%…. Bye Bye Eurozone http://albertpeia.com/germanydebttogdpnow300percent.htm , Historic Drought, Giant Dust Storms And Massive Power Grid Failures - A Glimpse Into Our Future http://albertpeia.com/droughtdustpowergridfailuresfuture.htm11 Signs That Time Is Quickly Running Out For The Global Financial System http://albertpeia.com/11signstimesrunoutforfinancialsystem.htm , Sorry Mario Draghi, Spain is Finished! Why the Financial System Could Indeed Collapse http://albertpeia.com/spainfinishedandfinancialsystemcollapse.htm , Treasury Admits It Underestimated Debt Needs, Predicts Ceiling Breach In 2012; $600 Billion More Debt In Second Half Zerohedge.com http://albertpeia.com/ecricallsrecession.htm , ECRI's Achuthan: "The US Is In Recession Already" , 19 Warnings About A Coming Global Financial Catastrophe http://albertpeia.com/19warningsofglobalcatastrophe.htm , These 12 Hellholes Are Examples Of What The Rest Of America Will Look Like Soon http://albertpeia.com/12hellholesvisionofamericasfuture.htm , The Federal Reserve Is Not Going To Save Us From The Great Depression That Is Coming http://albertpeia.com/fedcantwontsaveusfromgreatdepression.htm 12 Signs That The Next Recession In The United States Has Already Begun http://albertpeia.com/12signsusrecessionhasbegun.htm , 20 Signs That All Point To The Exact Same Thing - Can You Guess What That Is? http://albertpeia.com/20signspointtoeconomiccrisiscollapse.htm , Biderman Goes All-In Bearish ZeroHedge.com , What In The World Is Wrong With American Kids? http://albertpeia.com/nothingthatsaneradultscantcure.htm , The Li(e)bor Rigging Scandal Infographic For Dummies http://albertpeia.com/libor.jpg , 100 Million Poor People In America And 39 Other Facts About Poverty That Will Blow Your Mind http://albertpeia.com/100millionpovertystrickenamericans.htm , Down Goes Britain: The UK Economy Tumbles Deep Into Recession http://albertpeia.com/downgoesbritain.htm , Europe Can and Will Cause a Systemic Collapse… Are You Ready? http://albertpeia.com/europecanandwillcausesystemiccollapse.htm , Guest Post: You Didn’t Build That { http://albertpeia.com/americasnumberonespook.htm } { This preposterous rally on b***s*** alone is a great opportunity to sell, take profits since there’s much, much worse to come! } , In Q2 America Added $2.33 In Debt For Every $1.00 In GDP ZeroHedge.com , 17 Reasons Why Those Hoping For A Recession In 2012 Just Got Their Wish http://albertpeia.com/17reasonsrecessionnow.htm , 19 Examples Of How Control Freaks Are Killing America With Their Completely Ridiculous Regulations http://albertpeia.com/19wayscontrolfreakskillinguswithregs.htm , Dave’s Daily: BULLISH QE ALGOS 7-27-12 ‘It’s difficult to comprehend the tape sometimes, especially when you try to square it with the overall news. The bottom line is bulls have placed their bets that the eurozone will be fixed and weaker U.S. GDP both will be met by a heavy dose of QE. Everything else doesn’t matter. Bulls don’t believe the Germans, despite Bundesbank’s comments to the contrary; will block bond buying by Draghi and the ECB. The key phrase in the linked WSJ article was, “If there is no ECB bond buying next week stocks will collapse”. { AP: What I really can’t fathom is how, why people are so eager to support the churn-and-earn paper fraud on wall street (their computers are literally selling to themselves along with the other programmed algo insanity – helping/facilitating these costly wall street frauds which have not helped but in many ways hurt the real economy – their gain is everyone else’s pain as that money in their pockets must come from some real place; viz., your pockets – there’s no free lunch). Their buying time with b***s*** also facilitates the transfer of their ‘worthless paper hot potatoes’ to ie., taxpayers, governments, etc.. Totally pathetic! We’re way past the ‘fool me twice, shame on me’ stage! They really have to be prosecuted and put in jail where they belong. They’re just not that important and they are a substantial detriment to the real economy and society generally. They have no fear of prosecution and have continued their paper frauds where they left off last crisis, and seek once again to cash out for hard currency, metals with the greater fools holding their worthless paper bag. I used to follow the markets when value/valuation meant something. Now I track them only to discern the ever greater frauds and the ‘political connectivity’ to same. } , ‘DRAGHI JAWBONES SHORT SQUEEZE 7-26-12, Draghi Just Pulled Out His Bazooka… How Long Before the Crash? http://albertpeia.com/draghinbsandcrash.htm , The Audit The Fed Bill Gets Passed By The House But Obama And The Democrats Are Going To Kill It http://albertpeia.com/obamademskillauditfed.htm , The Attack On Chick-Fil-A Is An Attack On The Freedom Of Speech Of Every American http://albertpeia.com/attackonchickfilaattacksfreespeech.htm

Dave’s Daily SANDY FALLS ON GOLD PLATED SWORD 7-25-12 { Sandy who? Aw geeh … I thought Dave was talking about that other sandy (sandusky of jo pa’s p.s. fame, they worshipped together) who cornholed quite a few himself! } BAD DATA IGNORED IN FAVOR OF TECH { Tech? Palease, don’t make me laugh! This ‘bad news is good’ scenario based upon hopes for contraindicated, egregiously failed QE for the benefit of the frauds on wall street only to the detriment of everyone else with such hopium rallying stocks has gone beyond the point of ridiculous. It’s really rather pathetic, these so-called wall street mavens/titans of capitalism, the largest of which remain unprosecuted for their huge, lucrative, debilitating frauds wanting/expecting even more on the public dole. They’ve even gotten to the point where their computers are selling to themselves for the ‘churn and earn’ along with the algo-driven contraindicated moves up. The markets are totally cooked! Dave as always is spot-on the case! } , James Holmes Is Not Alone - 20 More Examples Of The Sickos That Are Overrunning America http://albertpeia.com/americansickos.htm , 12 Signs That Spain Is Shifting Gears From Recession To Depression http://albertpeia.com/12signsspainrecessiontodepression.htm , The New York Times Admits That Virtually Every Major News Organization Allows The News To Be Censored By Government Officials http://albertpeia.com/nytimessaysallusnewscensoredbygovt.htm , 11 International Agreements That Are Nails In The Coffin Of The Petrodollar http://albertpeia.com/endofpetrodollar.htm , UBS Issues Hyperinflation Warning For US And UK, Calls It Purely "A Fiscal Phenomenon" , …Germany Would Leave the Euro… Well, Germans Are Already Using Deutschemarks Again!

http://albertpeia.com/germanywillleaveeuro.htm , The End of the Bernanke Put is Here http://albertpeia.com/endofbernankeput.htm , The New Depression: The Breakdown of the Paper Money Economy , 27 Things That Every American Should Know About The National Debt http://albertpeia.com/27thingsamericansshouldknowaboutnationaldebt.htm Two Myths That the Bulls Continue to Cling To Were Just Rendered Moot http://albertpeia.com/twobullmythsnowmoot.htm , Dustbowl: U.S. declares drought largest disaster area ever , Jobless claims fall as plants put off retooling, The EU in Recession, the US is Entering a Recession and China is Lying About Its Growth http://albertpeia.com/euinrecessionusrecessionchinachinakissmyhina.htm , 25 Signs The Collapse Of America Is Speeding Up As Society Rots From The Inside Out http://albertpeia.com/25signsacceleratedamericancollapseandrotwithin.htm , 14 Incredibly Creepy Surveillance Technologies That Big Brother Will Be Using To Spy On You http://albertpeia.com/14creepygovernmenttechnologiestospyonyou.htm , The US is Entering a Recession In the Worst State in the Post WWII Period… Right As the Fed Realizes It’s Out of Ammo http://albertpeia.com/usenteringrecessionworstinpostww2.htm , White House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm } Computers on Wall Street are Buying and Selling to Themselves { Churnin’ and earnin’ http://albertpeia.com/churninandearnin.htm 6-29-12 Suckers’ short covering plus high frequency algo rally into the close to keep suckers sucked in for month, quarter, half window dressing (manipulated stock prices, oh my! Realize that these fraudulently induced commissions come OUT of the real macro economy which has been a major problem for quite some time!) 7-5-12 The Biggest Financial Scandal In History? http://albertpeia.com/anotherbiggestfinancialscandal.htm , Equities Fumble As Broke Banks Mounting ZeroHedge.com Tyler Durden 7-5-12 , Thunder Road Report On The Death March: Approaching A New Financial System , The Next Imminent Bailout: Eminent Domain } http://albertpeia.com/archives.htm - As per Dave (Dave’s Daily: http://www.etfdigest.com ‘.. There were grandiose statements, promises and more importantly, details to be worked out. The latter will wait since bullish algos only move on headlines and not pesky details..’ ‘6-28-12 … But a late day rally on an old Bloomberg story that Italy and Spain might get some short-term help launched algo buy programs late...’) 7-2-12 Global Growth Outlook Weakens , Big Banks Have Criminally Conspired Since 2005 to Rig $800 Trillion Dollar Market George Washington 07/01/2012 … But Receive Only a Light Slap on the Wrist , 77% of JP Morgan’s Net Income Comes from Government Subsidies JP Morgan Sucks at the Government Teat , Sorry Folks, Spain Isn’t “Saved” And The Next Leg Down is Coming Soon / The Exact Moment Greece Will Leave the Euro gpc1981 http://albertpeia.com/greeceyspainpain.htm , Chief Justice John Roberts Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } , Houston, We Have Contraction , China's Landing Getting Harder As Stimulus Fails To Prime Pump , As US Closes June With $15,856,367,214,324.44 In Federal Debt, US Debt/GDP Hits Post WWII High Of 101.5% , 15 Reasons Why The Obamacare Decision Is A Mind Blowing Disaster For America http://albertpeia.com/15reasonsobamacareisadisaster.htm , 17 Reasons To Be EXTREMELY Concerned About The Second Half Of 2012 http://17reasonssecondhalfworse.htm , 22 Statistics That Prove That The American Dream Is Being Systematically Destroyed http://albertpeia.com/americandreamdestroyed.htm Where Does Money Come From? The Giant Federal Reserve Scam That Most Americans Do Not Understand http://albertpeia.com/federalreservescam.htm , The EU Has Already Broken Up… They Just Haven’t Formalized Yet http://albertpeia.com/eualreadybrokenup.htm , http://albertpeia.com/totaleconomiccollapseseptoct.htm , Egan Jones Downgrades Germany From AA- To A+ , "Bankruptcy Only Choice Left" As Stockton Set To Become Largest US City Chapter 9 , Deutsche Bank Hides The Hopium: "The Next Recession Should Start By The End Of August" , Richmond Fed Plunges; Consumers Underconfident For The Fourth Month In A Row , Art Cashin Warns: "Beware The Ides Of September" ( Suckers’ algo rally into the close off lows; great opportunity to sell/take profits! Much worse to come! ) Dave’s Daily: http://www.etfdigest.com http://etfdigest.com/commentary.html BANKS RALLY ON DOWNGRADES 6-22-12 ‘It would appear the rating agencies are either “leading from behind” or just don’t have much respect these days after they botched the mortgage crisis’ { As an aside, I thought Rodney Dangerfield was absolutely hilarious in that great comedy classic, ‘Caddyshack’ and I’m glad Dave used his image here http://albertpeia.com/dangerfieldindeed.jpg }. , The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap When the US Dollar is ultimately dethroned as the world's reserve currency (and finally gets rid of all those ridiculous three letter post-Keynesian economic "theories") nobody will have seen it coming. Well, nobody except for the following headlines: ""World's Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In Direct Currency Trade", "China, Russia Drop Dollar In Bilateral Trade", "China And Iran To Bypass Dollar, Plan Oil Barter System", "India and Japan sign new $15bn currency swap agreement", "Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says", "India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees." And while the expansion of the "dollar exclusion zone" was actually quite glaring to anyone who dared to look, one thing was obvious: it was confined to Asia. No more courtesy of the following FT headline: "Brazil and China agree currency swap." More: "Brazil has provided a vote of confidence in China’s efforts to promote the renminbi as a reserve currency by becoming the biggest economy yet to agree a swap deal with Beijing. Brazil and China announced the R$60bn (US$29bn) local currency swap after a bilateral meeting between Wen Jiabao, the Chinese premier, and Dilma Rousseff, Brazil’s president, on the sidelines of the Rio+20 environmental summit in Rio de Janeiro." , The Economic Collapse Is Not A Single Event http://albertpeia.com/economiccollapsenotsingleevent.htm , The Spanish Bailout Explained With One Image Zerohedge.com http://albertpeia.com/suicidegun.jpg , AMERICA’S FAILED ECONOMIC APPROACH IN A NUTSHELL (image courtesy of Dave Fry http://etfdigest.com ) : http://albertpeia.com/insanity.jpg Well done, Dave! , America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … Suckers’ rally into the close off lows to keep the fraud rollin’ as in previous session, Dave Fry/Dave’s Daily: Timing is Everything vs. Seductive Hype { Yes, Dave; indeed that’s true, timing is everything, certainly in stock market investing. And, REMEMBER: ONLY A FEW DAYS LEFT TO SELL IN MAY AND GO AWAY ! IF YOU HAVEN’T SOLD BY JUNE YOU ARE A LUNE! Great opportunity to sell into this short-covering / HFT algo-driven rally into the close to window dress the bad news / bad fundamentals scenario; because, there are no bargains on fraudulent wall street. Dave’s Daily: http://www.etfdigest.com ‘…After being down nearly 200 points markets turned around late as the infamous 2:15 PM Buy Program Express kicked-in (a few minutes late) and stocks rallied sharply off lows as another short squeeze began…’ }, , Rajoy: Pain in Spain to deepen despite bank rescue AP , Farage On The Spanish Bailout: "A Reinforcement Of Failure" http://albertpeia.com/reinforcementoffailure.htm , Dave’s Daily: http://www.etfdigest.com MARKETS RETHINK SPAIN AND ITALY 6-11-12 {Contrasted to prior trading day folly/fraud} MARKETS RALLY ON LIGHT VOLUME 6-8-12 ‘Markets started the day off weakly then rallied late because…wait for it, Spain is rumored to be willing to ask for help, and Obama said European leaders face an “urgent need to act”. No, you can’t make this kind of stuff up. His statement is about as effective as a Kofi Annan Syrian peace plan. Search as I may, there seems to be little hard news to explain Friday’s rally…’ { This all too familiar foolishness/fraud on wall street so inconsonant with reality presents again a great opportunity to sell / take profits! }, 6-7-12 Think about the preposterousness of yesterday’s 286 point pop on the DOW based on b***s***, contraindicated hopes for QE, etc., Previous day: 6-6-12 The ultimate suckers’ rally on hopes for contraindicated QE which has clearly NOT WORKED for all except the frauds on wall street enriched thereby at everyone else’s expense (higher gas prices, costs, etc.) and to keep suckers sucked in; this is a huge opportunity to sell/take profits. Reality from Dallas Fed’s Fisher, “And there is a growing sense that we are unwittingly, or worse, deliberately, monetizing the wayward ways of Congress. I believe that were we to go down the path to further accommodation at his juncture, we would not simply be pushing on a string but would be viewed as an accomplice to the mischief that has become synonymous with Washington.”as per Dave who’s all over this travesty: Dave’s Daily: http://www.etfdigest.com BIG WEDNESDAY SHORT SQUEEZE 6-6-12 ‘There wasn’t much in the way of “hard news” to account for Wednesday’s large stock market rally beyond oversold conditions. The ECB left interest rates unchanged. Germany did mumble something about helping Spanish banks in some undefined manner. And, in a show of defiance or cluelessness, France cut the retirement age to 60.The U.S. Productivity & Cost report was negative (-.9% vs. -.8% expected & prior -.5%). Some bulls spun this as showing employers would be willing to hire more. That seemed a stretch. Other bulls spun it to mean more QE certainly.The Fed’s Beige Book report released this afternoon reflects old data from the spring which as most know showed growth as moderate…’ , Morgan Stanley Sees QE3 Rally Lasting Hours Not Weeks Zerohedge.com Tyler Durden , Form Worst To First - S&P Has Best Day Of 2012 Shortly After Worst , On Capital Markets, Confidence Tricks, And Criminals , US factory goods orders -0.6% in Apr, well below market expectations of +0.3% vs big negative revision for Mar from -1.5% to -2.1%; inventories unch. , Big factory orders miss on top of last week’s grim jobs data sends some of those in the record dollar long position heading toward the exit. , 21 Signs That This Could Be A Long, Hot, Crazy Summer For The Global Financial System http://albertpeia.com/21signsbadsummerforglobalfinancialsystem.htm , The EU’s Systemic Risk: Why This Time IS Different http://albertpeia.com/eusystemicrisk.htm , Dave’s Daily: http://www.etfdigest.com FORCING THE FED’S HAND 6-4-12 ‘Trading desks and hedge funds may just keep driving equity prices lower until the Bernanke led Fed responds with the QE3 they want…’ , The Bad Jobs Report Is Just A Very Small Taste Of The Nightmare That Is Coming http://albertpeia.com/badjobsreportsmalltasteofcomingnightmare.htm , "The End Game: 2012 And 2013 Will Usher In The End" - The Scariest Presentation Ever? http://albertpeia.com/endgamecollapse.htm , Biderman: "Everyone Is Now A Seller Of US Stocks" ZeroHedge.com Submitted by Tyler Durden on 05/31/2012 http://albertpeia.com/everyonenowasellerofusstocks.htm , Albert Edwards Has Some Words Of Discouragement: Welcome To S&P 500 Hell "Expect the S&P500 to decline decisively below its March 2009, 666 intraday low. All hope will be crushed." http://albertpeia.com/sp500todeclinebelow666.htm , Guest Post: Uncle Sam Admits Monitoring You For These 377 Words http://albertpeia.com/usdhsadmitsmonitoringyouforthese377words.htm , Dave’s Daily: http://www.etfdigest.com 5-29-12 MARKETS RISE ON STIMULUS HOPES ‘…the ultimate Ponzi Scheme…‘ , ALGOS FEAST ON RUMORS 5-24-12 ‘The overall news continues to be dreadful…’ http://albertpeia.com/dave.htm , The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm { Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm } , Greece Could Implode the Second Bailout and the EU by Mid-June http://albertpeia.com/greecesecondbailouteuimplosion.htm , Eurobonds: The Issue That Could Shatter Europe http://albertpeia.com/eushatteringeubonds.htm , As Reality Recedes, Rumor Rampage Returns , Biderman On Bad Data And China's Recession , On The Predictability Of European Lies , HP to lay off about 27,000, profit slides 31 percent , http://albertpeia.com/obamas5trilliondollarlie.htm , http://albertpeia.com/fedecbcantstopcomingcrash.htm , http://albertpeia.com/bankrunsspainitalyeuropeanarchy.htm , JPMorgan Estimates Immediate Losses From Greek Exit Could Reach 400 Billion ZeroHedge.com Durden , Are They Insane? 58 Percent Of Americans Believe Economic Conditions In The United States Will Be Good A Year From Now http://albertpeia.com/insanelyoptimistic.htm , If You Live In California Things Just Got A Whole Lot Worse http://albertpeia.com/hopelesscluelesscalifornia.htm Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , Why Is The Obama Administration Allowing The Chinese Government To Buy Up U.S. Oil And Gas Deposits Worth Billions Of Dollars? http://albertpeia.com/chinabuyingamerican.htm , Merkel is Backed Into a Corner… Commit Political Suicide or Bail on the Euro? May 13, 2012 By gpc1981 http://albertpeia.com/merkelpolsuicideorbailoneuro.htm , State Election Defeat Seen as Disaster for Merkel (WSJblogs) , Greece Can No Longer Delay Euro Zone Exit It’s Going to Get Harder for Merkel (Der Spiegel) J.P. Morgan has significant credit portfolio loss May 10th, 2012 by News Breaking…………“Shares of J.P. Morgan Chase & Co. JPM -5.89% dropped after the bank said in a regulatory filing late Thursday it had “significant” mark-to-market losses in its synthetic credit portfolio. Shares fell 4.5% to $38.87 in after-hours activity. In a Securities and Exchange Commission filing, the bank said its synthetic credit portfolio had proved to be riskier and more volatile than expected.”MarketWatch MK comment: Sound familiar? Think Bear Stearns, early 2008. , J.P. Morgan Reveals 'London Whale'-Size Losses , Surprising JPMorgan loss hits stock market late NEW YORK (Reuters) - Stock index futures fell sharply on Thursday evening as JPMorgan Chase & Co stunned investors with news that its chief investment office had incurred "significant mark-to-market losses... , Marc Faber Sees A 1987-Like Crash Approaching www.zerohedge.com Durden, "Europe Has Started The Endgame" And Biderman Says "The US Is Next" , Greece's Jobless Soar By 42% As Unemployment Rises To Record, Industrial Collapse Accelerates , Dave’s Daily: http://www.etfdigest.com STOCKS ATTEMPT TO RALLY 5-10-12 ‘In overseas news, China’s exports were only 4.9% vs 8.5% expected (I guess that qualifies as a miss). China is also rumored to be intervening to support the euro (or, defending their position) which should explain why the currency hasn’t fallen further. In England, the Central Bank head Merwyn King has (gasp!) halted bond buying (QE) due to the combination of inflation and recession—yes, commonly known as stagflation. In the U.S. Jobless Claims (367K vs 366K expected & prior adjusted higher to 368K) allowed for a bullish headline as usual http://albertpeia.com/wobamaexecorderforoneworldgovernment.htm , http://albertpeia.com/militarypensiondebacle.htm , http://albertpeia.com/nyteconomistkrugmanwrong.htm , Dave’s Daily: http://www.etfdigest.com .. After hitting some support levels markets rallied sharply into the close led by (ahem) the reliable 2:15 PM Buy Program Express. Five Reasons For Caution In US Equities ZeroHedge.com http://albertpeia.com/5reasonsforcautioninusequities.htm [ As astutely pointed out by Dave, ‘Michigan Consumer Sentiment Report (76.4 vs 75.8 expected and prior 75.7) which is weighted more heavily by stock market prices than Consumer Confidence’, this thusly is the ultimate ‘bootstrap’ for these bubble stock prices. ] 95 Percent Of The Jobs Lost During The Recession Were Middle Class Jobs http://albertpeia.com/95percentofjobslostmiddleclass.htm , New study: High U.S. debt levels could mean a quarter century of weak growth (The American Enterprise Institute) [ That’s optimistic; and towards the end there at best! Remember: Decades at Best! ] , Total US Debt Soars To 101.5% Of GDP Durden on 05/01/2012 , Dallas Fed: Why We Must End TBTF Now! Suckers’ rally - schtooping for apples – This is an especially great opportunity to sell / take profits! Corporate insiders are sell like there’s no tomorrow http://albertpeia.com/22redflagsofdoomforglobalfinancialmarkets.htm – REMEMBER: SELL IN MAY AND GO AWAY! , STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider, Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , 4-11-12 GARY SHILLING: PROFITS WILL PLUMMET AND STOCKS WILL PLUNGE 43% By Mamta Badkar | Business Insider 4-17-12 Dave’s Daily: http://www.etfdigest.com BULLS HAVE GREAT EXPECTATIONS { Which means GREAT OPPORTUNITY TO SELL/TAKE PROFITS with much worse to come! } 4-17-12 ‘There was little news to account for any rally on this Turnaround Tuesday given poor Industrial Production and lower than expected Housing Starts. But, bulls are looking ahead to earnings which have been much lowered and engineered to beat expectations … There could also be some fresh money to funds as investors beat the tax deadline. That money gets invested quickly.IBM just announced earnings that missed top line revenue estimates and stock falls. Intel (INTC) beats lowered estimates but stock is lower in after-hours trading…’ http://albertpeia.com/shillingsaysstockswillplunge43percent.htm , 4-12-12 Hope for economically contraindicated wall street welfare rallies stocks on really bad news, much of which bad news here as in Europe, the direct consequence of failed, contraindicated, costly wall street welfare (QE’s, ZIRP, etc.) that everyone’s paying for now and in the future (bad economics, inflation, etc.)! Dave’s Daily: http://www.etfdigest.com BAD NEWS BULLS 4-12-12 ‘Let’s see, Jobless Claims were terrible by recent comparisons and recorded a large miss (380K vs 355K expect and prior revised higher as usual to 367K). Some analysts blamed Easter for the rise which seems odd frankly. Plenty of rumors were planted that China’s GDP growth (released Friday) would be better than expected and yields in the eurozone were lower on talk of more ECB buying…’ , 4-2-12 ‘Massive Wealth Destruction’ Is About to Hit Investors: Faber http://albertpeia.com/massivewealthdestructionabouttohit.htm , RICHARD RUSSELL: A Massive Stock Market Collapse Will Wipe Out 60 Years Of Inflation And Leveraging Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm , The 15 Trillion Dollar Party http://albertpeia.com/bankruptamericadestroyingthefuture.htm { WALL STREET IS SO FRAUDULENTLY BEYOND THE PALE; FOR THERE IS NO QUESTION BUT THAT THEY BELONG IN JAIL! } , Both The Market and Government Are Irrational Paul Craig Roberts | One of the great economic myths is that markets are rational. Not a day passes without this myth being disproved scores of times, but the myth persists. [ 4-10-12 Don’t buy their ‘buy the dip’ b***s***, still a great opportunity to sell/take profits since Rosenberg Ruminates On Six Roadblocks For Stocks Durden ‘On this basis, the market as a whole is OVERPRICED BY MORE THAN 20%.’ { http://albertpeia.com/rosenbergsaysmarketovervaluedmorethan20percent.htm } , The Shocking Truth About Unemployment In America In One Chart http://albertpeia.com/shockingtruthofunemploymentinamerica.htm , Bob Janjuah: S&P At 800, Dow/Gold Ratio Will Hit 1 Before Next Real Bull Cycle Durden , 3-30,29,28,-12 Familiar theme of suckers’ rally off lows to keep suckers sucked in and window dress another fraudulent quarter at national expense for wall street welfare. 3-26-12 As was so last pre-crash, particularly this election year of desperation, bernanke resorts to his ‘jaw-boning’ (another dog who made news called this ‘baffling them with b***s***’); yet, it’s fraudulent wall street that conditions ‘all’ to believe the easy money / over-printed created Weimar dollars, a clear negative (you’re paying for the wall street welfare; ie, gas, food, etc., prices { Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } rallies those pieces of paper/computer entries via HFT algos programmed to go wild with such talk, making this a great opportunity to sell, take profits while you can, much worse to come! http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , I’ve Never Seen a Confluence of Negative Factors Like This 3-24-12 http://gainspainscapital.com , DAVE FRY IS RIGHT ON THE MONEY HERE! Dave’s Daily: http://www.etfdigest.com BERNANKE IN ABC MODE ON ABC 3-27-12 ‘Sure, it’s one of my favorite movie scenes and I couldn’t resist it. The Fed is in full campaign mode as great as Obama and his GOP rivals. When stock prices seem in doubt the Fed is ready to launch more assurances accommodation (money printing) will be available. Monday’s rally was typical as we head toward the end of the quarter. Hedge fund performance fees are on the line and any way to boost these profits is job one. Top holdings for hedge funds include the usual suspects: AAPL, IBM, INTC, BAC, DIS, HD etc. With little volume it’s easy for algos and hedge funds to prop stocks on little hard news. Tuesday we briefly saw more of this. Just as markets were weakening a story appeared using the Fed’s favorite oracle, the WSJ, as Fed governor Rosengren stated, “more stimulus is on the table”. Immediately HFT algos jumped and markets rose if only briefly.On its face, the Fed wants higher stock prices to boost confidence in the economy. However from a practical view ALL THEY’VE SUCCEEDED IN DOING FROM MY PERSPECTIVE IS DEBASING THE DOLLAR CREATING INFLATION…’ , And 14 of 16 On Dallas Fed Miss 3-26-12 The Dallas Fed Manufacturing Outlook just came with its largest miss of expectations in 9 months - and biggest drop in 7 months.. A 10.8 print vs expectations of 17.0 dropped the index back to its lowest since December and keeps the 'good is good but bad is better' dream alive..’, Don’t be fooled by the money illusion MarketWatch | Rising prices are making some statistics look better than they really are. [ The ‘psychological factor’ has always been a component in the valuation of securities which valuations, good or ill, collectively give rise to the ‘markets’. The mythical part is the presumption of rationality accorded the ‘market-makers’ which, despite their glaring irrationality and propensity for fraud (I’d conservatively say that wall street is comprised predominantly, I’d estimate 90%, of psycho/sociopathic personalities), is still decidedly and pathetically vis-à-vis the rest of the ‘go along to get along’ world, criminally insane wall street. { The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal } It should be obvious by now, particularly with the advent of ubiquitous, lightning fast programmed computerization, that the markets are fraudulently manipulated in a bigger way now than ever; and, not without great cost ultimately to muppets / taxpayers like you, whether in the markets or not.They do it for the money; and, sick as they are, to be screwin’ at least someone all of the time which perversely gives them pleasure! ] This is an especially great opportunity to sell / take profits with stocks floating on air in contraindicated ‘Weimar dollar bubble rally’ as preceded last crash. Suckers’ rally into the close off lows and in shades of the dot com bubble with Apple the fraudulent stock market’s one-trick pony (‘in play’, pricey, big weighting and big bang for the market buck, and compared to what). Competition will ultimately (no real breakthroughs on horizon) take a big bite out of the Apple, which along with price targets is way over valued (currently being manipulated to the upside by the ‘muppet masters’ given the 20% weighting for maximum fraudulent effect). I say this despite liking Apple. They’re loving Apple to death on fraudulent wall street which is a testament to the pathetic state of american and world technology which is horrendous. As my first computer (Apple IIc, 1986) I’m glad they survived but they’re way, way over-valued. Aside from the IPAD (at best and even that’s a stretch, and past history at that), there’s really nothing there, which is a testament to the stupidity of american consumers particularly. Wake up! What total frauds! 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) ZeroHedge.com 3-14-12 ‘Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse.’ Election year temp jobs, trade deficit up, GDP projection down, business inventories miss, manipulations, obfuscations… Dave’s Daily: http://www.etfdigest.com STOCK RALLY FADES WITH CDS ISSUE 3-9-12 [ Dave astutely points out: “Jobless Claims Thursday were weaker than expected (362K vs 351K expected and prior revised higher to 354K). Did you know that prior weekly Jobless Claims data has been revised higher 100% of the time over the past two years? How does that happen this consistently?” – Which I refer to as the ‘data ponzi scheme’ wherein new fake data is used to buoy markets as prior reported fake data is reconciled closer to reality. 3-15-12 Yes, and again, prior week revised up . ] Does China's Forex Policy Beggar Its Neighbors? The Wall Street Journal [ Are you sure the author didn’t mean ‘bugger its neighbors’? Sounds like it; but, it’s really all about cost structures which are far less in China which is the primary reason for China’s export success. Manipulation of currencies is an artifice that the west will ultimately prove does not work at all (all that over-printing / creating of fiat Weimar paper currencies is a time-tested loser).]Rumor planted by fed of QE3 light spurs rally, not the fake, uneconomic jobs estimate from jersey adp for election year spin purposes which only fools believe. How desperate and pathetic! For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. Today’s data looked pretty bad to me, even with the manipulations/spin otherwise, ie., Durable goods orders drop by most in 3 years AP , etc.. Then there was previously the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail.  Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ,  http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm David Meyer shtfplan.com March 1, 2012 , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November… , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm, Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , Guest Post: Cause, Effects & The Fallacy Of A Return To Normalcy Durden 3-6-12, Market Takes First Big Loss Of 2012 As Investors Eye Greek Debt Swap Forbes , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm , Gallup Finds February US Unemployment Jumps Most Since 2010, Third Consecutive Monthly Increase Durden 3-8-12 , Initial Claims Miss Expectations, Rise For Third Consecutive Week For First Time Since August 2010 Durden 3-8-12 , Greece Has Defaulted - Which Country In Europe Is Next? http://albertpeia.com/greecehasdefaultedwhonext.htm , Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money March 12, 2012 By gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .. this exact scenario is playing out from coast to coast and in the years ahead millions of elderly Americans are going to be affected by broken promises and vanishing pensions.. http://albertpeia.com/uspensionscutorvanishing.htm , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed America is losing wealth far faster than any other nation on earth is. http://albertpeia.com/ustransformedfromwealthytopoor.htm , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011 Durden 3-12-12 , Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011... , 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , S&P Says Improbable Any Economic Improvement Would Bring Back AAA US Rating Durden 3-15-12 Sigh: *S&P says that it is impossible that any economic improvement would bring back the AAA rating *US deficit progress is needed. *Outlook remains negative.- And what do stocks do on latest S&P report that America is broke? Why they surge of course.... , The U.S. Economy: Soul Crushing Total System Failure http://albertpeia.com/ustotalsystemfailure.htm , Kass: The Market Is Overvalued at TheStreet By Doug Kass { Yes, this is true; but, he’s still too optimistic in that he doesn’t point out that the election year manipulations / obfuscations will cause things to end far worse than his anticipation. } , An Open Letter to All Presidential Candidates March 19, 2012 By gpc1981 http://albertpeia.com/grahamsummerswarnings.htm , Ben Bernanke Tries To Convince America That The Federal Reserve Is Good And The Gold Standard Is Bad http://albertpeia.com/benbsshalombernankesellsfedpansgoldstandard.htm [ greenspan and now bernanke are incompetent and total failures creating and exacerbating current and prospective conditions for the sake of fraudulent wall street at everyone else’s expense! ] , 10 Signs That America Is On The Verge Of A Horrible Municipal Debt Crisis http://albertpeia.com/americanmunicipaldebtcrisis.htm , Bursting The Permabullish Bubble: 11 Out Of 13 Economic Indicators Have Missed Durden 3-22-12 , Corzine Corzined - Congressional Panel Finds Former MF Global CEO Ordered JPM Fund Transfer Durden 3-23-12 [ ‘Jon S. Corzine, MF Global Holding Ltd.’s chief executive officer, gave “direct instructions” to transfer $200 million from a customer fund account to meet an overdraft in one of the brokerage’s JPMorgan Chase & Co. accounts in London, according to an e-mail sent by a firm executive. Edith O’Brien, a treasurer for the firm, said…’] , TBTF Get TBTFer: Top 5 Banks Hold 95.7%, Or $221 Trillion, Of Outstanding Derivatives Durden 3-26-12 , 10 Reasons Why The Reign Of The Dollar As The World Reserve Currency Is About To Come To An End http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , , Bernanke Claims That The Fed Has Averted A Second Great Depression By Bailing Out The Too Big To Fail Banks http://albertpeia.com/weareinsecondgreatdepression.htm [ To the contrary, because of his policies and particularly the bailouts which facilitated consummation of and even greater frauds, the real economy, the nation, taxpayers will suffer a more severe fate than even that obfuscated by bad policy in this election-year expedience! ‘… When the last financial crisis began, the U.S. national debt was about 10 trillion dollars. Today, it has risen to 15.5 trillion dollars. So Bernanke did not fix anything. The best that can be said is that he kicked the can down the road a little bit and made our long-term financial problems a lot worse at the same time. Bernanke can create money out of thin air and loan it to his friends all he wants, but he is not going to be able to prevent this house of cards from crashing down…’ . He’s as much a fraud and incompetent bozo as ‘his buds who put him there’ for their purpose / benefit. The guy’s a dope http://albertpeia.com/30bunglebenbernankequotes.htm , a fool which fact is lost on no one vis-à-vis the debased Weimar dollar http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , who’s delusional http://albertpeia.com/bunglerbenfedfedsfailure.htm . He’s a total fraud! ] , 20 Signs That We Are Witnessing The Complete Collapse Of Common Sense In America http://albertpeia.com/americasdevolutionintomadness.htm http://albertpeia.com/bobobamathetraitor.htm http://albertpeia.com/45signsamericatinyelitemajoritypoor.htm , A View on Inflation & Keynesian Talking Points : CrownThomas : 03/29/2012 The ponzi will fail, and the economy will reset - the only question is when. http://albertpeia.com/fedponzifails.htm , Charles Hugh Smith On The Phony "Economic Recovery," Stress and "Losing It" Durden 3-30-12, Everything Is Going To Be Alright? http://albertpeia.com/everythingsnotalright.htm , ‘Massive Wealth Destruction’ Is About to Hit Investors: Faber http://albertpeia.com/massivewealthdestructionabouttohit.htm CNBC.com | Runaway government debts have triggered uncontrolled money printing that in turn will lead to inflation.. , The 15 Trillion Dollar Party http://albertpeia.com/bankruptamericadestroyingthefuture.htm { WALL STREET IS SO FRAUDULENTLY BEYOND THE PALE; FOR THERE IS NO QUESTION BUT THAT THEY BELONG IN JAIL! } , RICHARD RUSSELL: A Massive Stock Market Collapse Will Wipe Out 60 Years Of Inflation And Leveraging Business Insider , Graham Summers’ Weekly Market Forecast (Europe on the Verge Edition) 4-2-12 http://albertpeia.com/euontheverge.htm , 27 Statistics About The European Economic Crisis That Are Almost Too Crazy To Believe http://albertpeia.com/27statsofeueconomiccrisis.htm , How Bad Do Things Have to Be For the Fed AND the ECB to Talk of Easing… On the Same DayApril 13, 2012 By gpc1981 http://albertpeia.com/gpcsaysthingsarereallythatbad.htm , 25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm , http://albertpeia.com/debtcrisisdestroysamerica.htm , Chimps Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting Your Money http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm , Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , No Housing Recovery Until 2020 In 5 Simple Charts
http://albertpeia.com/nohousingrecoveryuntil2020in5charts.htm Durden , The Mother Of All Infographics: Visualizing America's Derivatives Universe http://albertpeia.com/usderivatives221trillionof707trillionglobal.htm , Fasten Your Seatbelts: High Frequency Trading Is Coming To The Treasury Market [ http://albertpeia.com/highfrequencytradingcomingtotreasuries.htm , 22 Signs That The Collapsing Spanish Economy Is Heading Into A Great Depression http://albertpeia.com/22signsspainheadingintogreatdepression.htm , The Secrets of the Spanish Banking System That 99% of Analysts Fail to Grasp http://spainbanksystemsecrets.htm , What Do California And Detroit Have In Common? http://albertpeia.com/californiadetroitdeclineincommon.htm

5-24-13

HoW DoeS A PoTuS DiSTRaCT ATTeNTioN FRoM A BuCKeT oF SCaNDaLS? Posted by : williambanzai7 Post date: 05/24/2013 - Drone On  Debt Bro, Drone On! http://albertpeia.com/potobopopus.htm

Banks Write Legislation Posted by: CalibratedConfidence Post date: 05/24/2013 - ...understand the national threat that is our fragmented and perverted equity market microstructure that is driven by such esoteric order-types such a Post No Preference Blind Limit Order created...

The Fed's Hands Are Tied... Right as the Financial System Begins to Crack Posted by: Phoenix Capital... Post date: 05/24/2013 -  So the Fed is essentially handcuffed at this point. Increasing QE in any way risks a Japan-bond market style rout.  

America's Bubble Economy Is Going To Become An Economic Black HoleSubmitted by Tyler Durden on 05/24/2013 - What is going to happen when the greatest economic bubble in the history of the world pops?  The mainstream media never talks about that.  They are much too busy covering the latest dogfights in Washington and what Justin Bieber has been up to.  And most Americans seem to think that if the Dow keeps setting new all-time highs that everything must be okay.  Sadly, that is not the case at all. Right now, the U.S. economy is exhibiting all of the classic symptoms of a bubble economy. What we are witnessing right now is the calm before the storm.  Let us hope that it lasts for as long as possible so that we can have more time to prepare. Unfortunately, this bubble of false hope will not last forever.  At some point it will end, and then the pain will begin. http://albertpeia.com/usbubbleeconomicblackhole.htm

The Week That Was: May 20th - May 24th 2013Submitted by Tyler Durden on 05/24/2013 - Succinctly summarizing the positive and negative news, data, and market events of the week...

Dead Dog Bounce Deja Vu Ends 2nd-Worst Week Of The Year For StocksSubmitted by Tyler Durden on 05/24/2013 - The 2nd worst week of the year (2nd only to Cyprus) for US equities was accompanied by Treasury buying as the JPY carry trade unwind continues in every risky-or-'yieldy' product. On an admittedly low volume day (typically good for a magical levitation in stocks), Treasury markets closed the day unchanged (and 30Y bonds ended the week unchanged). Stocks bounced after testing yesterday's intraday lows but intriguingly (Mrs. Watanabe?) it was Utilities that were the hardest hit sector on the day as stocks fell back rapidly after bonds closed finding balance at VWAP. The JPY strength weighed on the USD as it fell 0.7% on the week with gold and silver both up notably relative to other asset classes (+1.8% and 0.5% respectively). The last minute of the day saw a ridiculous instantaneous spike to take the S&P 500 to their day-session highs to desparately try to regain green on the day (SPX cash closed -0.87 points). Futures closed green with an 8 point run from 455ET (as we note no credit police were around to stop the idiocy).

Presenting Ben Bernanke's Desktop - Redux Submitted by Tyler Durden on 05/24/2013 - Just as Ben Bernanke's monetary easing program changes with the times (back then he believed it was the Stock that mattered, now it is Flow, but one thing is constant: always moar), so does his computer desktop. And while we know, tentatively, what his preferred computer space looked like three years ago, the times have changed. Behold Ben Bernanke's new and improved PC desktop...

Yet Another Debt Chart That Is Not Big Enough To Fit Japan Submitted by Tyler Durden on 05/24/2013 - By now every single chart laying out every possible permutation of a hopelessly insolvent and overlevered world has been compiled, created, colored and in some cases, animated and socially networked. The following chart showing global debt dynamics over time from the WSJ is no different: it is animated (check) it has lots of pretty colors (check), and it is quite informative because it remembers that in addition to public sector debt, there is a thing called the private sector (sadly it avoids shadow debt: perhaps someone good at making 3D animated charts should take a stab?) and succeeds in incorporating everything in one cool animation. Yet why it may be most memorable, or not as the case may be, is that it is merely the latest chart in a seemingly infinite series which are just not big enough to fit Japan.  Perhaps it is time to make a chart of all the charts that need to be bigger to show the true Japanese state of affirs.  That, or in reverence to the sadist joke, pardon "experiment" (as Jens Weidmann would say) that is Abenomics, we can finally start making bigger charts.

The Rich Actually Are Different Submitted by Tyler Durden on 05/24/2013 - With the long-weekend rapidly approaching, ConvergEx's Nick Colas takes a trip to the Hamptons, but through a time warp back to the Great Depression.  Examining the social registers (colloquially called the “Blue Book”) from 1927 and 1940, he finds that “The great and the good” of the day had real trouble holding their status during the social upheavals of the late 1920s and 1930s.  Only 32% of the families appearing in the Blue Book in 1927 were still there in 1940.  The ratio was even worse, at 29%, for the ultra-elite who belonged to the Meadow Club in Southampton.  It’s too early to tell what the last few volatile years will do to the upper crust of East Coast society, of course.  Or what may still be in store.  But when the hedgie in the Bentley cuts you off on Route 27 this weekend, take some solace in knowing he may not be there in a few years. “Yes, the wealthy are different. Every year there are different wealthy people.”

The Economic Engine Of Europe Is Beginning To Sputter Submitted by Tyler Durden on 05/24/2013 - Despite ultra-low interest rates, practically unlimited liquidity, and a capital market seemingly willing to lend to anyone for anything on any terms, the very heart of Europe's economy - German CapEx on machinery - is falling at a rate faster than during the Tech bust... the tough news for anyone looking for a silver lining is that this just goes to confirm what we saw in US durable goods orders - there is simply no 'decoupling', it is a lead-lag inter-linked global economy.

The Hamptons Weekend Disconnect Submitted by Tyler Durden on 05/24/2013 - Today's binary message to vacuum tubes: "ignore the last available signal that has driven the market for months and make sure stocks close green" - simply just not to leave a bitter taste in the mouths of all those billionaire hedge-funders enjoying the launch of Hamptons season. The other best hope is that volume tapers (sorry Hilsenrath, we just said the word, oops) to zero, in which case the DJIA (now that nobody even pretends to care about the S&P) may just close limit up on a 1-lot trade.

The Latest "Inflation Evasion" Scam: Bars Serving Caramelized Rubbing Alcohol Instead Of Scotch Submitted by Tyler Durden on 05/24/2013 – { Typical jersey! } In the past, food and alcoholic beverage makers got in trouble for attempting to cover the impact of inflation (such as the 12% Y/Y increase in Fed employee salaries) by diluting the content, or simply serving less, of their products while keeping the price constant: the same thing as rising prices, but optically more palatable to less than sophisticated consumers. That was the past. A new breed of industrious, high profit margin-seeking alcohol vendors have decided to skip this protocol entirely and instead of serving booze, have opted to replace the product outright. As AP reports, at numerous New Jersey bars, including 13 TGI Fridays restaurants, owners were accused of substituting cheap booze while charging premium prices. The profitability at all costs situation was so bad that at one bar, a mixture that included rubbing alcohol and caramel coloring was sold as scotch. In another, premium liquor bottles were refilled with water — and apparently not even clean water at that.

RANsquawk Weekly Wrap - 24th May 2013Submitted by RANSquawk Video on 05/24/2013

What If Stocks, Bonds and Housing All Go Down Together? Submitted by Tyler Durden on 05/24/2013 - The problem with trying to solve all our structural problems by injecting "free money" liquidity into financial Elites is that all the money sloshing around seeks a high-yield home, and in doing so it inflates bubbles that inevitably pop with devastating consequences. As noted yesterday, the Grand Narrative of the U.S. economy is a global empire that has substituted financialization for sustainable economic expansion. In shorthand, those people with access to near-zero-cost central bank-issued credit can take advantage of the many asset bubbles financialization inflates. Those people who do not have capital or access to credit become poorer. That is the harsh reality of neofeudal, neocolonial financialization. It is widely accepted as self-evident that all these bubbles will not pop because the central banks won't let them pop. That's nice, but if this were the case, then why did stocks crater in 2000-2001 and 2008-2009, and why did the housing bubble implode in 2008-2011? Did they change their minds for some reason? No; they assured us right up to the moment of implosion that everything was fine, there was no bubble, etc. The only logical conclusion is that bubbles pop even though central banks resist the popping with all their might.

Explaining This Week’s Market Jitters In One Chart Submitted by Tyler Durden on 05/24/2013 - Presented with no comment...

"Get To Work, Mr. Portfolio Manager" - Federal Reserve Profits Plunge Even As Salaries SurgeSubmitted by Tyler Durden on 05/24/2013 - There was something odd in today's quarterly financial report (as of March 31) by the world's largest and most profitable hedge fund: the US Federal Reserve. Despite that its Assets Under Management have grown to a mindblowing $3.4 trillion, or about $700 billion more than this time last year, there was something oddly missing in the reported data: a surge in remittances to the US Treasury, or profits. Well, the Fed did remit some $15.3 billion to the Treasury, so not too shabby, but this was well below the $23.8 billion in Q1 2012 and under half of the remitted profit of $30.7 billion in the previous quarter. Has the world's most profitable portfolio manager, a Princetonian economist who has otherwise never traded one security in his entire life, gone cold? Please Ben, proves us wrong. And while you are at it, get to work, Mr. Portfolio Manager.

BNP Warns On Japanese Repression: Echoes Of The 1940s FedSubmitted by Tyler Durden on 05/24/2013 - 12:12 In the 1940s, the Fed adopted pegging operations to protect the financial system against rising interest rates and to ensure the smooth financing of the war effort. In effect, the Fed became part of the Treasury’s debt management team; as the budget deficit hit 25% of GDP in WW2, it capped 1Y notes at 87.5bps and 30Y bonds at 2.5%. From the massive bond holdings of its domestic banks to its exploding public debt, Japan today faces a situation very similar to the US in the 1940s. When the long-term rate climbs above 2%, the BoJ will probably adopt outright measures to underpin JGB prices to prevent turmoil in the financial system and a fiscal crisis - and just as Kyle Bass noted yesterday, they are going to need a bigger boat as direct financial repression in Japan is unavoidable.

European Bonds Plunge Most In 8 Months, Stocks Worst Week In 2 MonthsSubmitted by Tyler Durden on 05/24/2013 - European stocks fell for a second day-in-a-row (notable in its own right as not having happened for 5 weeks) for the biggest drop in 6 weeks capping the worst week in 2 months. Spain and Italy saw their stock indices drop 3.6% on the week. But it was European banks and peripheral sovereign bonds that saw the most damage. As JPY-funded leveraged momo come rapidly undone, Italian and Spanish bond spreads saw their biggest 2-day drop in 8 months to end back at 5-week highs. EURUSD ends the week up 0.6% (and the JPY +2.2%) as repatriation escalates. Europe's VIX is holding around 18.% (up 2.5 vols on the week).

The Two Charts That Keep Draghi Up At Night Submitted by Tyler Durden on 05/24/2013 -While many would argue that youth unemployment (the real scariest chart here), in fact we suspect it is the following two charts that are really keeping Mario Draghi up at night. The lip service paid by the French and the Germans to growth strategies and youth unemployment pale in relation to the desperation of the European collateralizer-of-last-resort to de-fragment his transmission channels and unleash his own QE to the starving banking systems of Spain and Italy. As BNP notes, recent data on Italian and Spanish banks’ bad and non-performing loans (NPLs) have reignited the debate on the health of the banking sector in the eurozone’s peripheral economies and its implications for the bloc’s credit supply and, ultimately, economic growth. But what is worse is that interest rates on new loans for a company in Italy or Spain are almost double those in Germany and France. It is against this backdrop that Draghi expressed plans to revive the ABS market - but implementation will prove significantly more challenging than market hopers believe (as is clear in credit markets) and direct purchases will probably face vetoes by a number of influential members of the board. To add further salt to these fresh wounds, the FT reports that Spanish banks will need to set aside more than EUR10 billion more reserves to cover the rolling over of EUR 200 billion of 'extend-and-pretend' loans.

Europe Opens $80 Trillion Shadow Banking Pandora's Box: Will Seek To Collapse Repo "Collateral Chains" Submitted by Tyler Durden on 05/24/2013 - In what may be the most important story of the day, or maybe year, for a world in which there already is an $11 trillion shortfall in high-quality collateral (and declining every day courtesy of Ben's monetization of Treasury paper) so needed to support the deposit-free liability structures of the shadow banking system (as most recently explained here), Bloomberg has just reported that Europe may begin a crackdown on that most important credit money conduit: the $80 trillion+ global shadow banking system, by effectively collapsing collateral chains, and by making wanton asset rehypothecation a thing of the past, permitted only with express prior permission, which obviously will never come: who in their right mind would allow a bank to repledge an asset which may be lost as part of the counterparty carnage should said bank pull a Lehman. The result of this, should it be taken to completion, would be pervasive liquidations as countless collateral chain margin calls spread, counterparty risk soars all over again, and as the scramble to obtain the true underlying assets finally begins.

Where's The "Buy The Dip Mentality" Today?Submitted by Tyler Durden on 05/24/2013 - While yesterday saw the mainstream media cock-a-hoop at the fact that we pulled 'off-the-lows' with the phrase "buy the dip mentality" parrotted prayer-like every minute of the afternoon. Overnight shenanigans saw that BTFD mentality come and then quickly go and now the US market is fading fast. USDJPY has broken below 101 and US equity markets are testing below yesterday's lows... Treasury yields are now low on the week for the long-bond; gold and silver are holding up as JPY strength is weakening the USD broadly. Meanwhile, European peripheral debt is getting monkey-hammered (worst 2 days in 8 months)...

These Are The Stocks Most Hated By Hedge Funds: Let The Squeeze BeginSubmitted by Tyler Durden on 05/24/2013 - In a world in which the bipolar, schizophrenic markets are dominated by Mrs. Watanabe's daily gyrations of the USDJPY (in response to Kuroda's daily jawboning) which in turn has become the primary signal feeding ES algos now that fundamentals are no longer relevant and that the EURUSD-ES correlation is dead and burried, there continues to be one, almost assured way to generate alpha for those so inclined to gamble with the fastest of the vacuum tubes out there: going long the most shorted stocks, which have become the most convex way of betting that Ben Bernanke will continue to dominate the hedge fund league tables as the world's most accomplished portfolio and risk manager. Indeed, using our previous representations (Q3 2012, Q4 2012) of the most shorted stocks to generate a "long basket" and sitting it out, has generated some 40%+ annualized returns without fail. Which is why it is now time to look at the most recent roster of stocks most hated by the hedge fund community, which slowly but surely is converting into the much maligned "long onlies" as abandoning hedges is the only way to at least catch up with the market, if not overtake it.

Spot The Trend In US Durable Goods And CapEx Spending Submitted by Tyler Durden on 05/24/2013 - The trend is quite clear.

The Housing UnRecovery Is Here: Architectural Billings Plunge Most Since 2008 Submitted by Tyler Durden on 05/24/2013 - Not only is this 'housing recovery' being built without the use of Lumber (as we explained here), but Architects are no longer useful either. The last two months - as homebuilder stocks surge and house prices spike - has seen Architectural billings plunge by the most since November 2008. The current level of activity is at its lowest since June 2012 - hardly indicative of the rampaging rapacious demand for homes that we are spoon-fed day after day...

Nikkei Futures Resume Plunge Submitted by Tyler Durden on 05/24/2013 - Japanese stocks had another violent night with record trading volumes on the TOPIX. The early 'buy the dip mentality' rapidly escalated into sell-Mortimer-sell as the Nikkei 225 dropped another 1000 points after the lunch break. A late day recovery managed to close the index just in the green and all could relax that the world was once again a better place thanks to Abenomics. However, since Japan closed, Nikkei futures have been sold aggressively now testing back down towards overnight lows.

The Rout In Spain Submitted by Tyler Durden on 05/24/2013 - Spain has already gone bankrupt. It is not spoken of in this fashion, no one mentions it in public but that is the truth of it. The money, some $172 billion, was funneled to the banks and not to the sovereign in one more European ruse to distract everyone but the results are the same. Now it is becoming apparent that even this amount of money was not enough so more will have to be given. The money will go to the Spanish banks, the debt will be guaranteed by Spain, the contingent liability will not be counted as part of Spain's debt to GDP ratio but we will know the truth of it. Whatever direct money from Spain that goes into their banks will be called an "investment" and put on the left side of their balance sheet as an asset and the mockery will continue but I can still read a ledger; thank you very much.

Why Italian Bonds Have A Long Way Down To GoSubmitted by Tyler Durden on 05/24/2013 - As we hinted last night, and as the market is starting to realize, one of the bigger downstream casualties of the first rumblings that Abenomics is starting to crack, have been peripheral bond yields, with Spanish, Italian and Portuguese yields all wider by 10 bps and rising. However, that is only half the story. The other half is that, with its usual 6-8 week delay, the market is finally grasping the biggest danger in Europe - one which we have been pounding the table on week after week after week (most recently here): the soaring non-performing loans held by European banks. In fact, it took the FT to confirm what we have been warning about all along. And just so the market has a sense of how much downside may be imminent if indeed reality reasserts itself and frontrunning the Japanese carry trade both occur at the same time, here is a rather unpleasant chart courtesy of Diapason, of what expects all those who bought up Italian bonds in the recent dash-for-trash, oblivious of the collapsing fundamentals, and driven purely by FOMO. The downside could be big to quite big.

Frontrunning: May 24

Submitted by Tyler Durden on 05/24/2013 - 07:31

The deeper agenda behind "Abenomics" (Reuters)

BoJ governor Haruhiko Kuroda promises to stabilise bond market (FT)

Obama Sees Sunset on Sept. 11 War Powers in Drone Limits (BBG)

Lower CPMs for everyone: FTC Begins Probe of Google's Display-Ad Business (WSJ)

Apple’s Tax Magic Leaves Irish Bondholders Unmoved (BBG)

Asia Goes on a Debt Binge as Much of World Sobers Up (WSJ)

All hail Gazpromia: UK gas supply six hours from running out in March (FT)

Spain’s banks face €10bn more provisions (FT) ... and then more, and more, and more

Truck strike may have caused Washington state bridge collapse, officials says (Reuters)

P&G Says A.G. Lafley Rejoins as Chairman, CEO (BBG)

Five Key Things About the SAC Insider Case (BBG)

Detroit Mulls Selling Art to Help Pay City’s Debt

My Fox Detroit | Officials say the Detroit Institute of Arts’ collection could be sold to help satisfy creditors.

Japan market plunge sparks global sell-off; U.S. stocks dip, rebound

L.A. Times | Wall Street followed Europe in a broad sell-off following a 7.3% overnight plunge in Japan’s stock market.

Millions falling into poverty in recession-racked Italy: report

Reuters | Millions of Italians cannot afford to heat their homes properly or eat meat as their country is racked by recession and soaring unemployment.

German Firms Flee to U.S. to Avoid Staggering “Green” Energy Costs

William F. Jasper | Chancellor Angela Merkel’s “renewable energy revolution” is killing the German economy, but Obama and Greens keep pointing to Germany’s debacle as the model we should follow.

Are Covert Operations Underway In The Global Currency Wars?

Zero Hedge | Foreign exchange intervention has always been and remains an important economic policy tool.

Bernanke out by August, QE ends, rates up: Crash

MarketWatch | Prepare now because easy money will dry up.

NBC News: “Stock Up On Canned Goods”

Mac Slavo | On May 31, 2013 asteroid 1998-QE2 will be passing earth at a distance of approximately 3.6 million miles.

Are We Entering The Worst Period For Natural Disasters In U.S. History?

http://albertpeia.com/usnaturaldisasters.htm

The Colorado River, The High Plains Aquifer And The Entire Western Half Of The U.S. Are Rapidly Drying Up

http://albertpeia.com/dry.htm

BReaKiNG NiKKei... Submitted by williambanzai7 on 05/23/2013 http://albertpeia.com/breakingnikkei.htm

Will It Be Inflation Or Deflation? The Answer May Surprise You

http://albertpeia.com/inflationdeflation.htm

{ I believe he is correct; both, america having adopted the zimbabwee economic/fraud model. }

America’s Bubble Economy Is Going To Become An Economic Black Hole

http://albertpeia.com/usbubbleeconomicblackhole.htm

ZiG ZaG BeN... Posted by : williambanzai7 Post date: 05/22/2013 - Protect America, report all market contrarian activities! http://albertpeia.com/ziggyzagben.htm

INTRoDuCiNG EURO CRiSiS CouTuRe 2013... Posted by: williambanzai7 Post date: 05/21/2013 - They've got the look! http://albertpeia.com/eurocrisiscouture.htm

Hyperinflation – 10 Worst Cases Posted by: Pivotfarm Post date: 05/22/2013 - Inflation is hot property today, hyperinflation is even hotter! We think we are modern, contemporary, smart and ready to deal with anything. We’ve got that seen-it-all-before, been-there-done-it...

Argentine Inflation: It’s Tough When All You Get Is Lies Posted by: testosteronepit Post date: 05/22/2013 - But 34.9%?

Fed Stimulus Still Needed to Help Recovery, Bernanke Says { Come on … there’s been no real recovery … he really means more cover for his and wobama’s unequivocal failure and more money for the paper frauds on wall street who the fed’s orchestrated, manipulated slamdown of gold/precious metals was meant to fraudulently help. } NY Times | Despite recent improvement in the job market, the Federal Reserve needs to continue its stimulus efforts to avoid endangering the recovery says Bernanke.

TiCKeTS FoR THe FiaT BaBY... Posted by : williambanzai7 Post date: 05/20/2013 - "Money power denounces, as public enemies, all who question its methods or throw light upon its crimes."--William Jennings Bryan http://albertpeia.com/thefiatbaby.htm

INTRoDuCiNG EURO CRiSiS CouTuRe 2013... Posted by: williambanzai7 Post date: 05/21/2013 - They've got the look!

10 Amazing Charts That Demonstrate The Slow, Agonizing Death Of The American Worker

http://albertpeia.com/deathoftheamericanworker.htm

THe MaSTeR & APPReNTiCe...con't http://albertpeia.com/masterapprentice.htm

THe PRoCToLoGiST MaY 2013... http://albertpeia.com/proctology.htm

FiNaNCiaL TeRRoRiSM AND PoLiTiCaL SeX MaP... http://albertpeia.com/proctology.htm

More Foreclosures and Suicides than During the Great Depression Posted by: George Washington Post date: 05/17/2013 - Read 'Em and Weep

Wal-Mart Warns of a Slowdown Posted by: Phoenix Capital... Post date: 05/17/2013 - So much for the “recovery” theory. If you look at the real economy, things are getting worse and worse. When even Wal-Mart reports that people are spending less (remember that...

IRS Official In Charge During Tea Party Targeting Now Runs Health Care Office Submitted by Tyler Durden on 05/17/2013 - We’d like to say that the following is unbelievable, but it’s not.  Unfortunately, it is all too believable.

10 Scenes From The Economic Collapse That Is Sweeping Across The Planet

http://albertpeia.com/scenesfromeconomiccollapse.htm

An Even Bigger Scandal: Why Are IRS Audits Being Used To Punish Obama’s Political Enemies?

http://albertpeia.com/irsauditsusedonpoliticalfoes.htm

{ The time has come to call a spade a spade because the reality is that they are spades! }

No BaNK DePoSiTS WiLL Be SPaReD FRoM CoNFiSCaTioN Posted by: williambanzai7 Post date: 05/15/2013 - It will come as a shock to all of you to know that such daylight robbery is perfectly legal and this has been so for hundreds of years. http://albertpeia.com/bankdepositconfiscation.htm

Top Constitutional Experts: Obama Is Worse than Nixon Posted by : George Washington Post date: 05/15/2013 - Objective Analysis: Obama Versus Nixon

Stocks Disconnect From Reality... and Every Other Asset Class Posted by: Phoenix Capital... Post date: 05/15/2013 -  Investors, take note… stocks are always the last to “get it.” This bubble will end as all bubbles do: in disaster.  

An Interview With Barack Obama About The IRS Scandal, AP Phone Records And Benghazi

http://albertpeia.com/obummerirsapbenghazi.htm

Gangster State America Paul Craig Roberts | There are many signs of gangster state America. One is the collusion between federal authorities and banksters in a criminal conspiracy to rig the markets for gold and silver.

Judge scolds Trump, attorney during testimony AP { t_rump is such total b***s*** and a total fraud! }

The US Student Loan Bubble Broken Down By State, And Why Washington D.C. Sticks Out Like A Sore Thumb http://albertpeia.com/studentloanbubblebreakdown.htm

THe MaSTeR & APPReNTiCe... Posted by: williambanzai7 Post date: 05/14/2013 - Power corrupts buffoonery... http://albertpeia.com/theimpeachables.htm

A SceNe FRoM KeYNeSiaN HeLL... Posted by : williambanzai7 Post date: 05/11/2013 - The liar, I mean lair of Beezle Ben... http://albertpeia.com/beezlebensatan.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

Visualizing The Shrinking DollarSubmitted by Tyler Durden on 05/10/2013 - The almighty dollar is looking less mighty these days. By almost every measure, the purchasing power of the US dollar is in precipitous decline. http://albertpeia.com/incredibleshrinkingdollar.htm

MarketWatch Everything is overvalued Rex Nutting Commentary: Bull markets can persist for a long time, just not forever. And not just in stocks.

MarketWatch Mark Hulbert May 10, 2013 Investors can’t beat the machines Commentary: Computer-dominated trading takes over http://albertpeia.com/cantbeatthemachines.htm

HoTRoDDInG THe PoNZi FiNaNCiaL SYsTeM... Posted by : williambanzai7 Post date: 05/10/2013 - An excerpt from today's speech by Dr Sigmund Fraud http://albertpeia.com/hotponzifinancialsystem.htm

Communism For Some, $815 Million For Others: How Mao's Granddaughter "Greatly Leapt Forward" To Untold Riches { Communism/communists are such total b***s***! }

The Number Of US Citizens On Disability Is Now Larger Than The Population Of Greece { “The tremendous increase in people on SSDI is nothing but a gigantic fraud. “ Indeed, the program is rife with unaffordable fraud! } - The number of people on SSDI now exceeds the entire population of Greece. The aging of the population has nothing to do with the increase. In 1968 there were 51 workers for every person on disability. Today there are 13 workers for every person on disablity. Even the most pollyanna would agree that medical advancements since 1968 have been significant. These medical advancements would argue for less people being on disability and unable to work. Workplace safety measures have been increased exponentially since 1968, so that also argues for less disabled workers. The good old ADA law forced all workplaces to become disabled friendly. That argues for less people on disability. The country has transitioned from a manufacturing society to a service society. Workers don’t work on dangerous assembly lines anymore. Robots do the dangerous stuff. This should have dramatically reduced worker injuries and disabilities. The tremendous increase in people on SSDI is nothing but a gigantic fraud. The government broadened the scope of disabilities to include stress, depression, and non-diagnosable things like aches and pains. And don't forget, you get the added benefit of Medicare coverage after only two years of SSDI stress.

Are We On The Verge Of Witnessing The Death Of The Paper Gold Scam?

http://albertpeia.com/deathofpapergoldscam.htm

See for Yourself: Syrian Government Likely Did Not Use Chemical Weapons Posted by : George Washington Post date: 05/08/2013 - Who Should You Believe …  The UN Investigator or the U.S.? Why America Fell So Far … So Fast Posted by: George Washington Post date: 05/07/2013 - All Empires Crash Soon After They Reach Their Peak

UNHaPPY EURO AuSTeRiTY DaY 2013! Posted by: williambanzai7 Post date: 05/08/2013 - May Nein 2013... http://albertpeia.com/austerityday.htm

MarketWatch Hunting the last bear Wall Street needs its own Endangered Species Act since it seems everyone is now a bull. By John Nyaradi ‘… It seems that everyone on Wall Street is a bull today as the S&P 500 SPX +0.41% and Dow Jones Industrial Average DJIA +0.32%  have settled into a predictable routine of "another day, another record," despite the steady stream of negative macro economic data.

Bears, now virtually extinct, were hoping instead for a feast as the poor economic reports came pouring in over recent days:

1. April nonfarm payrolls — a mediocre 165,000 payroll jobs added which was celebrated as a huge win by markets last week.

2. ISM nonmanufacturing report showed a decline to 53.1, broadly missing expectations.

3. April manufacturing ISM report posted a drop to 50.7 from 51.3 in March. Because 50 is the threshold which distinguishes contraction from expansion, the April manufacturing PMI fell to just barely within the expansionary range.

4. Euro-zone manufacturing PMI for April declined to 46.7 from 46.8 in March while euro-zone retail sales declined by 0.1% in March. For the 27-nation European Union, March retail sales fell by 0.2%,

5. Euro-zone unemployment came in at 12.1% in March.

6. April's HSBC China Composite PMI (which covers both manufacturing and services) declined to 51.1 from 53.5 in March, indicating the weakest rate of expansion since last October. Hong Kong's PMI also settled into contractionary territory at 49.9, down from 50.5 in March.

Despite all the bad economic news, Wall Street bears look positively cadaverous as financial markets levitate higher and seemingly disconnect from the real economy. This disconnect is generating an expanding discussion, and even a name, "The Great Disconnect," which has followed "The Great Recession," as Wall Street's fortunes look decidedly different from those on Main Street.

Everyone seems to be in agreement that the recent financial levitation has been generated by global central banks, and during his presentation at last week's 10th annual Strategic Investment Conference, presented by Altegris Investments and John Mauldin, Pimco's Mohamed El-Erian emphasized that investors must be ready for the "hand off" by central banks, when the era of assisted support gives way to the era of organic growth.

Even the Oracle of Omaha, Warren Buffett, has joined the discussion by saying that when the Federal Reserve finally raises interest rates from their current near-zero level, it will be the "shot heard around the world".

As the discussion grows louder, the Federal Reserve seems to be coming under ever intensifying pressure, and that was in evidence last week when the Fed announced that it would continue its bond-buying program. known as quantitative easing. Longtime Fed critic Ron Paul emphasized that the program works only to the advantage of big bankers and politicians, while hurting middle-class and impoverished Americans. Warren Buffett echoed a similar theme when he pointed out — at Berkshire Hathaway's BRK.A +0.96% annual shareholders' meeting in Nebraska — that the Fed's quantitative easing program has made life difficult for people who live on fixed-income investments…’ { Modern 1920’s redux … all we need are ‘flappers’! }

The Price Of Copper And 11 Other Recession Indicators That Are Flashing Red Submitted by Tyler Durden on 05/08/2013 - There are a dozen significant economic indicators that are warning that the U.S. economy is heading into a recession.  The Dow may have soared past the 15,000 mark, but the economic fundamentals are telling an entirely different story.  If historical patterns hold up, the economy is heading for a very rocky stretch. But most average Americans are not that concerned with the performance of the stock market.  They just want to be able to go to work, pay the bills and provide for their families.  During the last recession, millions of Americans lost their jobs and millions of Americans lost their homes… that will happen again.  Sadly, it appears that another major recession is quickly approaching. The following are 12 recession indicators that are flashing red... http://albertpeia.com/recessionindicatorsflashingred.htm { Modern 1920’s redux … all we need are ‘flappers’! }

Visualizing The Collapse Of Fiat Currencies

THe Oracle oF OMaHa... http://albertpeia.com/oracleomahaho.htm

MarketWatch Survive the financial apocalypse Paul Merriman We're heading for a major decline. Here are 9 steps to take to protect yourself.

29 Shocking Facts That Prove That College Education In America Is A Giant Money Making Scam

http://albertpeia.com/collegedscam.htm

The U.S. Government Is Monitoring All Phone Calls, All Emails And All Internet Activity

http://albertpeia.com/usgovmonitoringall.htm

Benghazi: New Evidence Emerges by : George Washington - What REALLY Happened?

Why America Fell So Far … So Fast by: George Washington - All Empires Crash Soon After They Reach Their Peak

Jeremy Grantham: "We Have Been Conned" ‘The lessons of Jeremy Grantham's recent interview with Charlie Rose seem to be becoming increasingly prescient as the stock market surges to new highs amid a crumbling macro (and micro) economy... ‘

ToNeR MaN... williambanzai7 http://albertpeia.com/tonerman.htm

THe HouSe oF JP ENRoN CRoSSWoRD PuZZLe... williambanzai7 http://albertpeia.com/jpenroncrossword.htm

The Financial Press: A Disinformation Machine Paul Craig Roberts | Let’s take a walk through the BLS report and you can arrive at your own conclusion. { All bad news and these ever more worthless commissioned-paper (actually not even) shares at lightning computerized speed are rallying … just like zimbawee (the best performing stock-market of the decade past) … and just like zimbabwee, they’re all a bunch of niggers on wall street (their QE welfare everyone’s paying for included) … no wonder this country’s done/in protracted decline! This is an all too familiar scam that as before, everyone is and will be paying for. How does it feel to be dumb! [Parenthetically, just this moment, an ‘equities expert’ (on one of those syndicated business programs, NBR-just bought out by cnbc which means they just got a lot dumber and I had to turn it off and will never watch NBR again…nbc is a horrible propaganda network (finishing deservingly last among the so-called ‘majors’), mobsters like trump on that ‘apprentice thing’ with toothy nutcases like gary busey, etc.. ‘No credibility whatsoever and a total joke!) said house prices (as well as the ‘paper shares’, gas, oil, food staples, meat, etc.) are rising (duh! … contraindicated implication-‘happy days are here again’)… riiiiight … just like zimbabwee! How pathetic! ]
Goldman 'Explains' The 'Market': "Best Not To Look A Gift-Horse In The Mouth" ZH { Riiiiight! Sounds like a plan! The ‘gift-horse’ that’s … not a gift-horse at all … You’re paying through your nose and teeth. It was amusing to see mainstream media puzzling over the record high gas prices so early in this time of year, and as well, the coming jump in beef prices. There’s no mystery here! This is the natural and inevitable concomitant to ‘printing presses gone wild’. Not printing presses for product for intellectual consumption; but rather, printing presses (whether by print or computer ledger entry) for those ever more worthless paper fiat dollars backed by nothing but insurmountable debt of a defacto bankrupt nation. Remember: There’s no free lunch … fraudulent wall street’s predictable/intended gain (from QE, currency debasement, etc.) is your substantial pain! It’s the zimbabwee financial model gone american … , Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! } “Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical)…” , Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe. }

MarketWatch The coming June swoon Avi Gilburt

11 Reasons Why The Federal Reserve Should Be Abolished

http://albertpeia.com/fedreserveshouldbeabolished.htm

PaRTYiNG LiKe IT'S 1929... by : williambanzai7 http://albertpeia.com/greaterfoolsdepressionfestival.htm

Where Is The Recovery? A Higher Percentage Of Americans Had Jobs Three Years Ago

http://albertpeia.com/whatrecovery.htm

They Are Murdering Small Business: The Percentage Of Self-Employed Americans Is At A Record Low

http://albertpeia.com/recordlowselfemployed.htm

22 Facts That Prove That The Bottom 90 Percent Of America Is Systematically Getting Poorer

http://albertpeia.com/90percentofamericapoorer.htm

MaY DaY, May DaY, MaY DaY!!! http://albertpeia.com/commayday.htm

THe MoDeRN MoNeY OCToPuS... http://albertpeia.com/octopussies.htm

Will The New Housing Bubble That Bernanke Is Creating End As Badly As The Last One Did?

http://albertpeia.com/newbubblebigburst.htm

Welcome Back Recession: Chicago PMI Implodes To 49, First Sub-50 Print Since September 2009 Submitted by Tyler Durden on 04/30/2013 - TOTAL COLLAPSE.

The Crisis Is Imminent: “When The Real Crash Comes It Will Be Worse Than the Great Depression” Mac Slavo | “The United States is like the Titanic, and I’m here with the lifeboat trying to get people to leave the ship.”

Macro Collapse Pushes S&P 500 To New All-Time Nominal High And Close Submitted by Tyler Durden on 04/30/2013

A FeW BuNGaS MoRe Posted by: williambanzai7 Post date: 04/27/2013 - The Good, The Bunga and The Ugly... http://albertpeia.com/goodbadugly.htm

A BaSeMeNT, a BuLL HoRN and a JuNK ASS... Posted by: williambanzai7 Post date: 04/29/2013 - More from Dr Krugman... http://albertpeia.com/junkasses.htm

20 Signs That The Next Great Economic Depression Has Already Started In Europe

http://albertpeia.com/greatdepressionhasbegun.htm

‘THE MAN WHO PREDICTED JAPAN’S LOST DECADE… THE RECESSION OF 1990-92… THE BIGGEST BULL MARKET RUN IN U.S. HISTORY… AND MOST RECENTLY, THE 2008 CREDIT CRISIS AND STOCK MARKET CRASH… NOW PREDICTS:

"DOW 3300!" http://albertpeia.com/dow3300.htm

Yes, today the Dow Jones Average may be near historic highs…
but it won’t be for long! The Dow will drop.

Unemployment will move higher again, to roughly 15% nationwide. It could go as high as 25%

when you include long-term unemployed in the numbers.

Housing prices will fall an additional 30%, despite the biggest stimulus plan in history and the

lowest mortgage rates in 40 years.

Personal bankruptcies and property foreclosures will soar as much as 30%. Consumers are

simply saddled with too much debt — $42 trillion or $140,000 for every man, woman and

child in America — for there to be any other outcome. Falling income will only make matters

worse.

State and municipal governments will be forced into default, especially at the city and country

level. Their budgets are already in crisis and the Federal Reserve is running out of money with

which to cushion these institutions.

The Federal deficit will balloon from $1.3 trillion to as much as $3 trillion because of huge revenue

shortages.

The global credit crisis – phase II – will continue to spread around the globe like a contagious

virus. Greece is already down. Spain will be next.

A second banking crisis will out, despite the lessons “learned” in 2008. Mortgage companies have

resumed offering low interest, no principal “teaser” loans. Investment banks have begun taking unnecessary risks again. And this time, there’ll be no money for a bailout.

ALL OF THIS WILL SEND THE DOW AND OTHER INDEXES TUMBLING AS MUCH AS 70%. IN FACT, WE EXPECT THE DOW TO PLUNGE BACK DOWN TO 3,300 BY LATE 2014.

Ya CaN'T BeaT THe HouSe... williambanzai7 http://albertpeia.com/housebeat.htm

The Global Elite Are Very Clearly Telling Us That They Plan To Raid Our Bank Accounts

http://albertpeia.com/elitesraidingbankaccounts.htm

{ 30 Population Control Quotes That Show That The Elite Truly Believe That Humans Are A Plague Upon The Earth http://albertpeia.com/humanplagueonearth.htm , http://albertpeia.com/45signsamericatinyelitemajoritypoor.htm , Corporatism: A System Of Control Designed By The Monopoly Men Of The Global Elite http://albertpeia.com/corporatistcontrol.htm , 29 Signs That The Elite Are Transforming Society Into A Total Domination Control Grid http://albertpeia.com/dominationcontrolgrid.htm { First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently, primitive apes. See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. } [ 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said: The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing
http://albertpeia.com/planetalreadyruined.htm ] The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

A DRaGHi IN THe HeaDLiGHTS... Posted by : williambanzai7 Post date: 03/23/2013 - WARNING: BANZAI7 SUNDAY AM FOOD AND BEVERAGE WARNING IN EFFECT... http://albertpeia.com/dragoonsintheheadlights.htm

Words Of Warning: Get Your Money Out Of European Banks

http://albertpeia.com/warninggetmoneyoutofbanks.htm

60 Completely Outrageous Ways The U.S. Government Is Wasting Money

http://albertpeia.com/60outrageouswaysgovwastesmoney.htm

Krugman's "Smoot-Hawley Moment" Posted by : Bruce Krasting Post date: 03/25/2013 - This is what the world's "smartest" economist is calling for. http://albertpeia.com/krastingalloverkrugman.htm

BLaCKSWaN DiJSSeLBooM! Posted by: williambanzai7 Post date: 03/25/2013 - Who said the circus left town? http://albertpeia.com/blackswan.htm

FiNaNCe IS THe CoNTiNUaTION OF WaR... Posted by : williambanzai7Post date: 03/22/2013 - By other means. http://albertpeia.com/financewar.htm

{ I no longer will be following Phoenix Capital Resources … too much advertising … too much propaganda … too little meaningfully relevant substance (america et al’s problems are huge). After all, with all china’s faults, not the least of which is communism (I’m definitely not their advocate), one must realistically ask, ‘what nation(s), based on lies and for the sake of military industrial complex profits (as warned against by the great but underrated President General Eisenhower) has been engaged in Orwellian perpetual war despite defacto bankruptcy and pervasive corruption’? Not China… Eureka! Amerika et als! Inflation Calls BS on the China “Miracle” http://albertpeia.com/inflationinchina.htm { For the first time I’m constrained to label a piece by Mr. Summers wishful thinking and a u.s. government propaganda piece at best. While aptly pointing out chinese corruption and fraud as is particularly pervasive in america, he conveniently ignores the success of their primitive, basic, simplistic capitalist business model of low costs (primarily labor, materials, etc.) fueled particularly ab initio by american greed. Go to any store and pick up nearly any product and the likelihood of ‘made in china’ is upwards of 95% (then as well, as with apple, taking into account components). Clearly, Mr. Summers lacks depth of understanding/knowledge concerning costs of tooling, retooling, and manufacturing generally, as well as cost accounting among other business/finance disciplines. As regards their nominal communist system, I remain staunchly opposed to the invariable lie of communism, although the meaningfully lawless (‘too big to fail or jail’) and corrupt, oligarchical crony faux capitalist welfare dependent failing (and ever more socialist) system in america is hardly a laudable alternative. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm . The point is, america’s substantial problems are not the result of Chinese corruption; but rather, plain old american pervasive corruption and criminality. }

Marketwatch No stock in Social Security Henry Hebeler There are too many risks to start sinking any part of the Social Security fund into equities. { The desperate wall street/government frauds are at it again, sensing the debacle around the corner. And, just as we’d thought we’d heard the last of this preposterously fraudulent idea from war criminal and (fellow, with wobama) failed president dumbya bush. }

Marketwatch Don't jump into stocks Howard Gold Commentary: Now is not the time to get into equities

Mass Panic In Cyprus: The Banks Are Collapsing And ATMs Are Running Out Of Money

http://albertpeia.com/masscollapseincypress.htm

HoT CuTs FoR HoT MoNeY... Posted by: williambanzai7 Post date: 03/21/2013 - Official Haircuts for Depositors. http://albertpeia.com/hotcutshotmoney.htm

Why Is The World Economy Doomed? The Global Financial Pyramid Scheme By The Numbers

http://albertpeia.com/worldeconomydoomed.htm

{ And, truth be told, with just decades left at best, not just the economy! }

Guest Post: How I Became A Trillionaire (And Some Thoughts On Inflation) Submitted by Tyler Durden on 03/20/2013 - These photos illustrate the fundamentally arbitrary nature of fiat (paper) money. Why do we prefer the $100 greenback over the $100 trillion note issued by the Reserve Bank of Zimbabwe? The purchasing power of the Benjamin far exceeds the purchasing power of the $100 trillion bill. But the Benjamin is not immune to inflation; the dollar has lost about 95% of its 1900 purchasing power.  If 95% of households are experiencing a loss of purchasing power and most of the new money and credit are flowing to the top 5%, you get asset bubbles, not demand-driven inflation. When 95% of the households are poorer in terms of purchasing power and financial wealth, where can demand-driven inflation arise in a global economy of massive manufacturing and labor over-capacity? The rise in costs within industries controlled by cartels (healthcare, higher education, defense, etc.) may look like demand-driven inflation, but are actually transfers of wealth and purchasing power from households to the government-protected cartels.

La CaGe AuX FooLS... Posted by : williambanzai7 - Meet the Troika Follies! http://albertpeia.com/lacageauxfools.htm

Chief Actuary for SS - Raid the Retirement Fund! Posted by: Bruce Krasting http://albertpeia.com/governmentraidofssretirementfund.htm

Why You Should Be Terrified Of What Just Happened in Cyprus The simple fact remains that politicians proposed stealing savings deposits from the people in order to fund a bank bailout. You can dress this idea up however you like, calling it a... http://albertpeia.com/terrorofterroristthieves.htm

http://albertpeia.com/bankingmeltdown.htm

http://albertpeia.com/bankingsystemcollapse.htm

INVeRTeD EuRo MaRXiSM... Posted by : williambanzai7 Post date: 03/19/2013 - A fiat accompli! http://albertpeia.com/invertedeuromarxism.htm

BiG PiCTuRe: THe CYPRuS EFFeCT... Posted by : williambanzai7 Post date: 03/18/2013 - So, adding it all up so far, who has gotten the immediate benefit of this Cyprus fiasco? http://albertpeia.com/bigpiccypruseffect.htm

http://albertpeia.com/socialistamericanpropaganda.htm

Marketwatch Jeff Reeves 10 signs of a tumble http://albertpeia.com/stockstotumble.htm Commentary: These negative headlines and data point to the end for stock rally. Buckle up for a bumpy stock-market ride

http://albertpeia.com/biggestlieevertoldandsold.htm

In Re INa DReW... Posted by: williambanzai7 Post date: 03/15/2013 -It's all Bull S*** folks and its bad for ya!--George Carlin http://albertpeia.com/jailjamiecorzine.htm

An Orwellian America Submitted by Tyler Durden on 03/15/2013 - The state, crippled by massive deficits, endless war and corporate malfeasance, is clearly sliding toward unavoidable bankruptcy. It is time for Big Brother to take over from Huxley’s feelies, the orgy-porgy and the centrifugal bumble-puppy. We are transitioning from a society where we are skillfully manipulated by lies and illusions to one where we are overtly controlled. We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance... We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance.

17 Signs That A Full-Blown Economic Depression Is Raging In Southern Europe … U.S. Next?

http://albertpeia.com/euusdepression.htm

The Federal Reserve System Is A Massive Wealth Redistribution Scheme

http://albertpeia.com/fedreservemassivewealthredistributionscheme.htm

ALL HaiL THe QUaNTiTaTiVe EaSeRs...AND BeWaRe THe IDeS oF FARCE... Posted by : williambanzai7 Post date: 03/14/2013 - A MESSAGE FROM THE BANZAI7 EMERGENCY FARCECAST SYSTEM... http://albertpeia.com/bewaretheidesoffarce.htm

Marketwatch Paul B. Farrell Your sequestered brain ‘The next crash is coming but few see it. Here's why you're hard-wired to repeat your mistakes.’ http://albertpeia.com/nextcrashcomingfewsee.htm (MarketWatch) — ‘Warning: Forget the cuts, your brain is sequestered. That’s the real problem: Your brain. That’s why the economy and markets will crash, a new Dow high notwithstanding. Why it’s inevitable. Bigger crash than 2008. Longer afterwards. No bank bailouts. Austerity worse than the Great Depression. Hunker down. …’

Dow Down 50% Against Gold Since Last Record Dow in October 2007 Submitted by Tyler Durden on 03/06/2013

Eric Holder: Some Banks Are So Large That It Is Difficult For Us To Prosecute Them Submitted by Tyler Durden on 03/06/2013 - { Come on! That’s ridiculous and a bald-faced cowardly lie! First, you prosecute the individuals, not necessarily the employing corporation. Sure, there may be derivative liability (pun intended); but, that’s surely no reason not to prosecute. After all, there is a whole history of prosecution of such ‘combines’ of criminality, to america’s growth and betterment as a consequence thereof. Quite simply, it’s the familiar and now pervasive story of plain old american corruption. I mean, come on … from my own direct observation and experience, trump, a corrupt judge here and there, have no such dire, humongous impact on the economy. Rather, it’s the precise opposite that is true; not only from the confidence and salutary expectations created from prosecutions of such ilk; but as well, from the proper allocations of resources created by such prosecutions (crime should never pay, but in america it now does and well at that; and just look at the results in america’s significant decline! That’s just typical, self-serving, lazy jivetalking b***s***!) … Bill Gross Gets It { Gets what? Why is this surprising? With $4 trillion gone missing (still) at the ny fed, americans should not trust the ny fed. Germany’s move is totally rational (A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm ). How can anyone trust fraudulent, thieving americans with their money or gold, particularly in the fraud capital of the world, new york city Michael Savage: Don't trust feds on flu shot...{ Or anything else, for that matter. Indeed, from my direct experience, the actions/inaction of the feds are geared toward making one reliant/dependent upon them (ie., food stamps, faux disability, unemployment comp extensions, ‘protection’ from rampant, blatant crime or not, etc., despite america’s defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence and venality. In fact, stepping back, I have seen first hand those siding with/benefiting from (and the encouraging of more crime), ie., RICO defendants et als, actually rewarded by the pervasively corrupt/defacto bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a combination of and tantamount to what is essentially hush money, bribes, etc.). Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless nation of marauders/thieves that no longer even remotely resembles what it purports to be and arguably once was. Replaying Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } While it is widely assumed that the too-big-to-fail banks in the US (and elsewhere) are beyond the criminal justice system - based on simple empirical fact - when the Attorney General of the United States openly admits to the fact that he is "concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them," since, "it will have a negative impact on the national economy, perhaps even the world economy," one has to stare open-mouthed at the state of our union. It appears, just as the proletariat assumed, that too-big-to-fail banks are indeed too-big-to-jail. The Government Has It Bass-Ackwards: Failing To Prosecute Criminal Fraud by the Big Banks Is Killing – NOT Saving – the Economy Posted by : George Washington Post date: 03/06/2013 - Failure to Prosecute Fraud Causes Economic Downturns

Corporatism: A System Of Control Designed By The Monopoly Men Of The Global Elite http://theeconomiccollapseblog.com http://albertpeia.com/corporatistcontrol.htm

From: "Adam Green, BoldProgressives.org" <info@boldprogressives.org>
To: Albert Peia <albert_peia@yahoo.com>
Sent: Wednesday, March 6, 2013 8:03 AM
Subject: FWD: Grayson MOMENTUM continues!

PS. If you haven't already, sign on to the Grayson-Takano letter against cuts to Social Security, Medicare, or Medicaid benefits. Click here to become a citizen signer. Signed as follows:

They should prosecute the huge wall street frauds in the trillions (as promised but unfulfilled), still extant and now marked to anything as per misguided legislated FASB Rule change, seek disgorgement, fines, and jail time for the perps. Social Security Disability fraud is rampant and should be eliminated. The QE welfare for wall street is bad policy and is resulting in higher than reported inflation with the fiat currency printing/creation/debasement and is following a zimbabwe economic model which led to hyperinflation/disaster but as here, higher manipulated stock prices which is the contraindicated reason for such bad policy.

Sincerely,

Albert L. Peia

Drudgereport: Bull Market Turns 4, Traders Thank Bernanke...
Americans Raiding 401(k)s To Pay Bills At Alarming Rate...

The Last Time The Dow Was Here...

Submitted by Tyler Durden on 03/05/2013

"Mission Accomplished" - With CNBC now lost for countdown-able targets (though 20,000 is so close), we leave it to none other than Jim Cramer, quoting Stanley Druckenmiller, to sum up where we stand (oh and the following list of remarkable then-and-now macro, micro, and market variables), namely that "we all know it's going to end badly, but in the meantime we can make some money" - ZH translation: "just make sure to sell ahead of everyone else", just like everyone sold ahead of everyone else on October 11th 2007, the last time stocks were here...

GDP Growth: Then +2.5%; Now +1.6%

Regular Gas Price: Then $2.75; Now $3.73

Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million

Americans On Food Stamps: Then 26.9 million; Now 47.69 million

Size of Fed's Balance Sheet: Then $0.89 trillion; Now $3.01 trillion

US Debt as a Percentage of GDP: Then ~38%; Now 74.2%

US Deficit (LTM): Then $97 billion; Now $975.6 billion

Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion

The Dow Hits An All-Time High! Translation: A Bubble Is Always Biggest Right Before It Bursts

http://albertpeia.com/bigbubbleburst.htm

30 Facts About The Coming Water Crisis That Will Change The Lives Of Every Person On The Planet

http://albertpeia.com/30factsonwatercrisis.htm

Marketwatch: Why your portfolio can’t perform

{ All bad news and these ever more worthless commissioned-paper (actually not even) shares at lightning computerized speed are rallying … just like zimbawee … and just like zimbabwee, they’re all a bunch of niggers on wall street (their QE welfare everyone’s paying for included) … no wonder this country’s done/in protracted decline! This is an all too familiar scam that as before, everyone is and will be paying for. How does it feel to be dumb! [Parenthetically, just this moment, an ‘equities expert’ (on one of those syndicated business programs, NBR-just bought out by cnbc which means they just got a lot dumber and I had to turn it off and will never watch NBR again…nbc is a horrible propaganda network (finishing deservingly last among the so-called ‘majors’), mobsters like trump on that ‘apprentice thing’ with toothy nutcases like gary busey, etc.. ‘No credibility whatsoever and a total joke!) said house prices (as well as the ‘paper shares’, gas, oil, food staples, meat, etc.) are rising (duh! … contraindicated implication-‘happy days are here again’)… riiiiight … just like zimbabwee! How pathetic! ]
Goldman 'Explains' The 'Market': "Best Not To Look A Gift-Horse In The Mouth" ZH { Riiiiight! Sounds like a plan! The ‘gift-horse’ that’s … not a gift-horse at all … You’re paying through your nose and teeth. It was amusing to see mainstream media puzzling over the record high gas prices so early in this time of year, and as well, the coming jump in beef prices. There’s no mystery here! This is the natural and inevitable concomitant to ‘printing presses gone wild’. Not printing presses for product for intellectual consumption; but rather, printing presses (whether by print or computer ledger entry) for those ever more worthless paper fiat dollars backed by nothing but insurmountable debt of a defacto bankrupt nation. Remember: There’s no free lunch … fraudulent wall street’s predictable/intended gain (from QE, currency debasement, etc.) is your substantial pain! It’s the zimbabwee financial model gone american … , Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! } “Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical)…” , Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe. }

12 Things That Just Happened That Show The Next Wave Of The Economic Collapse Is Almost Here

http://albertpeia.com/12thingsnextwavecollapsehere.htm

The Inflation Secrets Your Broker Won’t Tell You About

http://albertpeia.com/inflationcoveredup.htm

Why Are Giant Sinkholes Appearing All Over America? Is Something Happening To The Earth’s Crust?

http://albertpeia.com/giantsinkholes.htm

What Do the Bank of Japan, China’s Government and the Fed Have in Common?

http://albertpeia.com/managinghyperinflationarybubbles.htm

President Obama Dark Money Secrets The White House is For Sale! http://www.wealthdaily.com MAR 01 - JEFF SIEGEL President Obama embraces special interest lucre in everything from campaigning to curbing gun violence... Read More... http://albertpeia.com/whitehouseforsale.htm

Drudgereport: 'I AM NOT A DICTATOR' [ That’s what they all say … next thing he’ll be saying for Bob Woodward’s consumption is ‘I’m not a crook’ … Riiiiight, O! You just act like one! The reality is that at some point the coverup for this failed president by adopting failed policies to obscure/hide his failed presidency must end. The reality is that this guy just can’t ‘cut the mustard’. The reality is that this guy, O, is total bull s**t and an unmitigated failure by any criteria by which you can measure a presidency (including his own as set forth in his last campaign…you know, that deficit thing that he was going to cut by half by the end of his first term but instead increased more than all the presidents combined! Then there were all those prosecutions to come of the huge wall street frauds, still extant by way of legislated FASB Rule change and now marked to anything, that never happened in fact.) (REPORT: Obama's golf weekend with Tiger cost as much as 341 furloughed federal workers... ) Krauthammer: Obama Only Left Out "Pestilence, Earthquake, Brimstone And Plague" In Sequester Warning CHARLES KRAUTHAMMER: Well, they know that they really overshot it. It was the … { Yeah … I mean, how quickly wobama changes tune and message … the message being ultimately, true to form and his history … obama’s full of s**t! Then again, we can all blame it on that fickle teleprompter! }

There Goes The Sequester

Submitted by Tyler Durden on 03/01/2013 - http://albertpeia.com/debtincreasefeb.jpg

CONSUMER SPENDING DROUGHT: 16 SIGNS THAT THE MIDDLE CLASS IS RUNNING OUT OF MONEY
http://albertpeia.com/16signsmidclassoutofmoney.htm

Guest Post: Diminishing QE Returns And The Coming 40% Correction

Submitted by Tyler Durden on 02/28/2013 - Chris Martenson is issuing an official warning of a major stock market correction within the next few months. He's only done this once before (in 2008). He's seeing a convergence of both technical and fundamental data that are flashing oversized risks to the downside for asset prices, despite the Federal Reserve's money printing mania (which is showing signs of hitting diminishing returns). He expects the fall in equity prices to happen within the May-September window. This downdraft will be characterized by lots of volatility, formed by market routs and Fed-inspired rescues, alternating until some form of bottom is reached. Along the way there will likely be a flight for "safety" into the dollar and Treasury paper, but only during the first stage of this crisis. Once a bottom is reached - he expects anywhere from 40% to 60% lower than the current ~1500 level on the S&P 500 - the process will begin to be dominated by rising government borrowing which will cause interest rates to begin to rise. When that happens, expect capital to flee the paper market for hard assets. In particular, that's when the upwards price revolution in the gold and silver markets will kick into high gear.

You Rarely Know You're In A Recession Until It's Too Late

Girls Gone Filed Submitted by Tyler Durden on 02/28/2013 - http://albertpeia.com/girlsgonewild.jpg

Founded By Geniuses And Run By Idiots http://albertpeia.com/americarunbyidiots.htm

ALL OF THIS WHINING AND CRYING ABOUT THE SEQUESTER SHOWS WHY AMERICA IS DOOMED

http://albertpeia.com/americadoomed.htm

Founded By Geniuses And Run By Idiots Submitted by Tyler Durden on 02/27/2013 http://albertpeia.com/americarunbyidiots.htm ‘H. L. Mencken correctly observed: "Government is actually the worst failure of civilized man. There has never been a really good one, and even those that are most tolerable are arbitrary, cruel, grasping and unintelligent." The following 14 rhetorical questions should provide food for thought as they suggest... "you might live in a country founded by geniuses but run by idiots."

http://albertpeia.com/financialarmageddoneurope.htm

Third Time’s the Charm: How Will The Fed Deal With THIS Bubble?

http://albertpeia.com/3strikesyoureout.htm

The Fed Has Set Us Up For the Crash of 2013

http://albertpeia.com/fedsetsupcrash2013.htm

The Sequestration Debate Misses the REAL Issue Posted by : George Washington Post date: 02/25/2013 - Waste and Fraud Are the Real Causes of the Deficit

50 Signs That The U.S. Health Care System Is A Gigantic Money Making Scam That Is About To Collapse

http://albertpeia.com/50signsushealthcaresytemcollapse.htm

The Banks Show No Mercy: 10 Foreclosure Horror Stories That Will Blow Your Mind

http://albertpeia.com/banksshownomercy.htm

Oscar winners in photos Marketwatch { Say what you want about Kentucky; but, some band’s got to come up with the song, ‘Kentucky (not California) Girls’. Whew! Ridley Scott had a great find in Sean Young (‘Blade Runner’). But Jennifer Lawrence? Wow! What a spectacular, total babe! And, she can shoot a bow and arrow too (I think). Parenthetically, while there are many aspects of a actor’s performance/demeanor/actions on and off the set that constitute worthy scrutiny, falling on the way to pick up an Oscar for Best Actress at age 22 is definitely not one of them. Totally meaningless and appropriately forgettable. If she was wearing running shoes and short shorts, that never would have happened. After all, when really will she wear such garb, albeit exquisite on her, again?…Next Academy Awards Oscar Ceremony to pick up another, and another, etc., of course. Yet, one can hardly say ‘practice makes perfect’ when referencing such an exotic creature as she. }

The start of the 100-year bear Marketwatch Paul B. Farrell Here are 5 dangers ahead that could tip the stock market into a long decline. Which hits first? http://albertpeia.com/100yearbear.htm ‘…Many other Dr. Dooms predict new 2008 crash, long bear market Today, Prechter is in great company, one of many other well-known “Dr. Dooms” who have long-term visions, in a myopic world. You’ll see Prechter alongside such other great “Dr. Dooms” as Hong Kong’s Marc Faber ... celebrity economist Nouriel Roubini ... Nobel economist Joseph Stiglitz, author of “Freefall” ... $100 billion money manager Jeremy Grantham, who says our GDP is “On the Road to Zero Growth” ... Forbes columnist Gary Shilling, who sees the S&P dropping 45% to 800... historian Niall Ferguson, author of “Colossus: The Rise and Fall of The American Empire” ... hedge fund genius Nassim Taleb, author of “Black Swan” ... former IMF chief economist Simon Johnson, co-author of “White House Burning” and “Doomsday Cycle” ... billionaire trader George Soros, who just made a billion shorting the yen ... economists Carmen Reinhart and Kenneth Rogoff, whose classic “This Time is Different: Eight Centuries of Financial Folly” says it all ... anthropologist Jared Diamond whose “Collapse” warns us that throughout history civilizations fail because leaders fail to plan and act in time ... and other “Dr.Dooms” we’re tracking. So yes, Prechter and his Dow 400 and 100-year bear-market predictions are in good company. And we even have to include Pimco’s Mohamed El-Erian, who manages a $2 trillion portfolio along with “Bond King” Bill Gross. El-Erian recently warned investors about the “New Normal: Low Growth, Few Jobs.”…’

20 Signs That The U.S. Economy Is Heading For Big Trouble In The Months Ahead

http://albertpeia.com/20signsuseconomyinbigtrouble.htm

How Corrupt is Goldman Sachs? { Short answer … VERY! } Goldman Clients Get the Shaft... AGAIN http://www.wealthdaily.com FEB 20 - BRITON RYLE The latest example of Goldman's profit-mongering deceit is so blatant, so downright perverse, it's almost comical. Almost. Analyst Briton Ryle explains... { Prosecution, disgorgement, and jail is where they belong! } Read More... { Their ‘Don’t look a gift-horse in the mouth’ (self-serving) advice really takes the cake! … Goldman 'Explains' The 'Market': "Best Not To Look A Gift-Horse In The Mouth" ZH { Riiiiight! Sounds like a plan! The ‘gift-horse’ that’s … not a gift-horse at all … You’re paying through your nose and teeth. It was amusing to see mainstream media puzzling over the record high gas prices so early in this time of year, and as well, the coming jump in beef prices. There’s no mystery here! This is the natural and inevitable concomitant to ‘printing presses gone wild’. Not printing presses for product for intellectual consumption; but rather, printing presses (whether by print or computer ledger entry) for those ever more worthless paper fiat dollars backed by nothing but insurmountable debt of a defacto bankrupt nation. Remember: There’s no free lunch … fraudulent wall street’s predictable/intended gain (from QE, currency debasement, etc.) is your substantial pain! It’s the zimbabwee financial model gone american … , Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! } “Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical)…” , Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe. }

Who Tells Us What To Think? Does The Mainstream Media = The Matrix?

http://albertpeia.com/mainstreammediamatrix.htm

Show This To Anyone That Believes That “Things Are Getting Better” In America

http://albertpeia.com/thingsgettingworseinamerica.htm

Money Is A Form Of Social Control And Most Americans Are Debt Slaves

http://albertpeia.com/socialcontroldebtslaves.htm

40 Ways That China Is Beating America

http://albertpeia.com/40wayschinabeatingamerica.htm

It’s Time For Name That Insolvent Banking System!

http://albertpeia.com/insolventbankingsystems.htm

Europe is Fixed? Just Like Wall Street Was “Fixed” in May 2008, How’d That Turn Out?

http://albertpeia.com/europeaintfixed.htm

WARNING: The EU Crisis is BACK and Will Be Getting Worse in the Coming Weeks

http://albertpeia.com/eucrisisbackandworse.htm

Petrogold: Are Russia And China Hoarding Gold Because They Plan To Kill The Petrodollar?

http://albertpeia.com/deathofpetrodollar.htm

Is It Fair For People On Food Stamps To Buy Prime Rib And Lobster While Working Families Barely Survive?

http://albertpeia.com/wobamagravytrain.htm

El-Erian On Stocks: "Prices Are Artificially High - It’s Time to Take Profits"

Submitted by Tyler Durden on 02/15/2013 - "It’s not going away, it’s going to get worse," is how PIMCO's Mohamed El-Erian warns Yahoo's Lauren Lyster about central bank policy and the currency wars that are so much in discussion currently. Central banks have been compelled to undertake unconventional measures, things they haven’t done before, because other policymakers are not stepping up to take responsibility on the fiscal side. These implicit devaluations and beggar-thy-neighbor policies force a lot of liquidity into the system and by pushing up asset prices, central banks believe, create a 'weath effect'. It can also trigger “animal spirits” – we get all excited and invest more. In terms of equity markets, El-Erian says investors are split into two camps. One camp believes that everything will go higher and central banks will succeed in their efforts. The other camp believes asset prices are going to come down to meet the fundamentals. El-Erian puts himself in the second camp. “We think that prices are artificially high, that maintaining them here is going to be hard as central banks become less effective, and that it’s time to book some profits and to wait for some better entry points,” he explains. He clarifies that this is not a “Lehman moment." But “prices that have gotten way ahead of what policy can deliver,"

Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?

http://albertpeia.com/retailapocalypse.htm

What Happens to a Financial System When Its Two Biggest Pillars Collapse?

http://albertpeia.com/systemicfinancialcollapse2pillarsdown.htm

Abolish The Income Tax: You Won’t Believe Who Is Getting Away With Paying Zero Taxes While The Middle Class Gets Hammered

http://albertpeia.com/notaxationwithoutrepresentation.htm

Billionaires Dumping Stocks, Economist Knows Why Wednesday, 06 Feb 2013 01:59 PM By Newsmax Wires Read Latest Breaking News from Newsmax.com http://www.moneynews.com/MKTNews/billionaires-dump-economist-stock/2012/08/29/id/450265?PROMO_CODE=110D8-1&utm_source=taboola#ixzz2LEHx4EHt

21 Signs That U.S. Public Schools Have Become Training Centers For Sexual Deviancy

http://albertpeia.com/ustrainingcentersforsexualdeviancy.htm

[ 25 Signs American Women Are Being Destroyed By The Sexual Revolution And Our Promiscuous Culture

http://albertpeia.com/uspromiscuity.htm { I’m constrained to say that grammar, junior high, and high school in the suburban town in which I grew up were not at all like that; and, far more conservative, civilized, and restrained (and no niggers whatsoever). I’ve included the following previous reference/link as a matter of disclosure and so as not to appear as a hypocrite in the context of this referenced subject: Drudgereport: STUDY: Girls As Young As 6 See Themselves As Sex Objects... { Wow! This is really quite alarming and bespeaks america’s new-found perverse, third-world uncivilized status, which is ‘picked up’ by kids who in some ways are smarter than given credit for with a vulnerable longing to please, be accepted in light of their powerless position in our ever more deteriorating society. For the record, personally, I’ve never had a virgin though I’ve been in a position to; that’s something I just don’t do. Never have, never wanted to, never would, never will! Moreover, with the prevalence of sick pedophiles and kiddie-porn, it’s not so surprising that kids might pick up on such abominable vibes. It is difficult to imagine that little girls could be the objects of such horror as, ie., Samantha Runnion ( who was kidnapped, sexually abused and strangled by a man who lured her from her front yard by telling her he had lost his dog. Her naked body was found the next day by a hiker in Cleveland National Forest, 50 miles southeast of Stanton.^[1] The autopsy revealed that she died from compression. A sample of the kidnapper's DNA was found under her fingernail. The suspect, a Lake Elsinore, California, man named Alejandro Avila, was convicted of first degree murder with special circumstances in May 2005. His DNA was found on Samantha's body, and her DNA was found in his car. He was arrested three days after the abduction. Avila had previously been to the condominium complex where Samantha lived, because his ex-girlfriend resided there and he had been previously acquitted of molesting her daughter and niece. On May 16, 2005, the jury recommended he receive the death penalty. On July 22, 2005, Avila was formally sentenced to death. He is incarcerated at San Quentin State Prison on death row ). As an aside, I’ve included the following for the record as well: Though I’ve had many consensual sexual liasons with many different female sexual partners (mid-hundreds) all of whom I liked, I’ve never, ever resorted to prostitutes. The accidental exceptions included two ‘call girls’; one having met at summer beach town bar matinee and who was ‘not working’ (as it turned out the reason being she was at the end of her menstrual cycle). The other at a grocery store with her daughter which made such in my mind, unlikely. As it turned out, both were ‘nymphomaniacs’ (which, truth be told, made for quite an exceptional sexual romp) and I simplistically inferred/surmised without dwelling on the subject that they probably expected they’d have inordinate amounts of sex anyway and might as well get paid for it – of course I didn’t nor was I asked to pay. The other incident I’m including here for the record concerned an absolutely beautiful (blonde hair, blue eyes, pretty, cute, perfectly built/proportioned – make no mistake, however, I like brunettes also) girl I met at a bar called ‘the Red Ranch’, later changed to ‘Harpoon Willy’s’. At closing, we immediately became amorous, near intimate to a point in my car with abrupt ‘resistance’ at the ‘crucial moments’. When I finally, ‘exasperated’, asked ‘what’s up’, she stated she had recently broken up with her boyfriend who had gone too far in the ‘sado-masochistic’ ritual behavior they were, and she still was into. I told her I wasn’t into it (I don’t connect sex with sado-masochism); never would, never did, never will. We talked for quite some time and she explained her ‘predisposition’ the (her perceived) consequence of her strict, puritanical upbringing and feelings of guilt concomitant with sexual activity requiring coincident punishment/pain when so engaged. I was busy with law school evenings, work full-time, and teaching at a local college part-time and parted ways without taking her number and never did see her again. } ]

Video Of The Day: Regulators Squirm When Asked About "Too Big to Jail"

Submitted by Tyler Durden on 02/18/2013 - This video has been going around for a few days, but wow.  Very powerful and could be effective in knocking some sense into more sheeple if it gets spread widely enough. It’s an absolute joke that these people being questioned by Senator Elizabeth Warren are supposed hold the banks to task. She also makes the key point how ordinary citizens are constantly harassed by the “authorities” for what are in many cases petty and victimless crimes, while the bankers who have unleashed more destruction than anyone else, get slaps on the wrist.  Every single American should watch this short clip.

New Jersey Casino Files For Bankruptcy Ten Months After Opening; No Taxpayer Funds Will Be Lost This Time Drudgereport: PHOTOS: Four months after Hurricane Sandy, Jersey Shore still a wasteland... { At least, some good news … http://albertpeia.com/jerseywasteland.htm }

Drudgereport: EX-LAPD WANTED IN COP SHOOTINGS...
Left 20-page manifesto on FACEBOOK...
Uncensored... { http://albertpeia.com/niggersmanifesto.htm }
Supports gun control, Obama and Piers Morgan... { Yeah … and venal-la feinstein’s position on guns too … he seems the perfect fit for DHS (homeland security); you know, disarm the sane leaving them defenseless while stocking up on heavy weaponry they and other nut-cases can kill you with … loves O …You can’t make this stuff up in pervasively corrupt, meaningfully lawless, defacto bankrupt america http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
Wrote online message to Tebow...

Tony Bennett: If Americans Keep Firearms, “Rest of the World Will Really Take Care Of Us” Kurt Nimmo | Compares America upholding Second Amendment to Nazi Germany. { Come on! Who takes anthony dominick benedetto aka tony bennett seriously … his herpes virus has probably migrated to his brain! Probably a Mussolini fan and in real time! } http://albertpeia.com/europeanhouseofcards.htm

Insiders now aggressively bearish Marketwatch http://albertpeia.com/marketcrashcomin.htm

Guest Post: All Is Well

Submitted by Tyler Durden on 02/06/2013

“Facts do not cease to exist because they are ignored.” – Aldous Huxley

The entire system is corrupt to its core. Both political parties, regulatory agencies, Wall Street, the Federal Reserve, and mainstream media are participants in this enormous fraud. They grow more desperate and bold by the day. The lies, misinformation and propaganda being spewed on a daily basis become more outrageous and audacious. They are using the Big Lie method on a grand scale. They frantically need to lure the muppets into the stock market and the housing market to keep the game going a little longer. You can sense we are reaching a tipping point. The system they have created is mathematically unsustainable. Therefore, it will not be sustained.

8,583 Dead Americans http://www.wealthdaily.com
By Jeff Siegel America's Gun Violence Problem is NOT Guns
http://albertpeia.com/usgunviolenceproblemisnotguns.htm

http://albertpeia.com/stockmarketcrashineurope.htm

http://albertpeia.com/moneyprintingwarfare.htm

{AP1-23-13: No! I didn’t watch the monkey bowl nigger show at half-time, and only parts of this year’s monkey bowl. Wow! San franny, on their fanny, should give former san fran mayor, venalla feinstein a call to send in the big guns before she bans them. Whoops…need to break the momentum of rival of niggertown favorite, san fran so power outage in niggertown new orleans…definitely hurricane katrina’s fault…riiiiight …better give nigger ray nagin a call to get things back up and runnin’…whoops, no can do – nigger ray’s just been indicted ( http://www.nola.com/crime/index.ssf/2013/01/a_breakdown_of_the_payments_to.html ) …Besides, this is a great way to level the playing field for the hometown nigger purse-snatchers…you know, lights out and all. Actually, I truly am rooting for the ravens, but not much…reason? To thwart this year’s egregious wall street fraudulent, manipulated ‘january effect’ superstition; viz., an AFL team nigger bowl win means according to mental case wall street superstition, bear market/bad stock market (actually, ‘sell now before may and go away’ is the apposite axiom regardless who wins). This is the last monkey bowl I’ll be watching even part of. If you’re rooting for san Francisco, be sure to where some flowers in your hair. This was the sh**iest monkey bowl I’ve ever seen even a part of! }
{ Talk about monkey bowls, after today’s rout the ‘pundits’, NBR, ‘money honeys’, etc., have been recently and even today talking up the recent moves into the market by ‘the little guy’ (historically known as the ‘dumb money’, but ‘this time it’s different … NOT!). This contraindicated, pomo’d bubble market has all the earmarks of a classic ‘sting’! (Suck ‘em in, suck ‘em dry!) }

30 Population Control Quotes That Show That The Elite Truly Believe That Humans Are A Plague Upon The Earth

http://thetruthwins.com

http://albertpeia.com/humanplagueonearth.htm

{ It really doesn’t matter what they believe; but rather, it’s what is, that counts. Anyone with average intelligence or better, if they’ve been paying attention, ineluctably must conclude that humans are a ‘net negative’ in real terms. That will never change! Human beings are, on balance, inherently destructive. Fortunately, universally, there is no significant impact inasmuch as the human plague is confined to this solar system; and, for all intents and purposes, to this dying planet. Remember, there’s just decades left at best! }

29 Signs That The Elite Are Transforming Society Into A Total Domination Control Grid

http://thetruthwins.com

http://albertpeia.com/dominationcontrolgrid.htm

{ First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently, primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. }

[ 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said:

The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing

http://albertpeia.com/planetalreadyruined.htm ]

The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die

http://thetruthwins.com

http://albertpeia.com/allfornaught.htm

[ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

25 Signs American Women Are Being Destroyed By The Sexual Revolution And Our Promiscuous Culture

http://endoftheamericandream.com

http://albertpeia.com/uspromiscuity.htm

{ I’ve included the following previous reference/link as a matter of disclosure and so as not to appear as a hypocrite in the context of this referenced subject: Drudgereport: STUDY: Girls As Young As 6 See Themselves As Sex Objects... { Wow! This is really quite alarming and bespeaks america’s new-found perverse, third-world uncivilized status, which is ‘picked up’ by kids who in some ways are smarter than given credit for with a vulnerable longing to please, be accepted in light of their powerless position in our ever more deteriorating society. For the record, personally, I’ve never had a virgin though I’ve been in a position to; that’s something I just don’t do. Never have, never wanted to, never would, never will! Moreover, with the prevalence of sick pedophiles and kiddie-porn, it’s not so surprising that kids might pick up on such abominable vibes. It is difficult to imagine that little girls could be the objects of such horror as, ie., Samantha Runnion ( who was kidnapped, sexually abused and strangled by a man who lured her from her front yard by telling her he had lost his dog. Her naked body was found the next day by a hiker in Cleveland National Forest, 50 miles southeast of Stanton.^[1] The autopsy revealed that she died from compression. A sample of the kidnapper's DNA was found under her fingernail. The suspect, a Lake Elsinore, California, man named Alejandro Avila, was convicted of first degree murder with special circumstances in May 2005. His DNA was found on Samantha's body, and her DNA was found in his car. He was arrested three days after the abduction. Avila had previously been to the condominium complex where Samantha lived, because his ex-girlfriend resided there and he had been previously acquitted of molesting her daughter and niece. On May 16, 2005, the jury recommended he receive the death penalty. On July 22, 2005, Avila was formally sentenced to death. He is incarcerated at San Quentin State Prison on death row ). As an aside, I’ve included the following for the record as well: Though I’ve had many consensual sexual liasons with many different female sexual partners (mid-hundreds) all of whom I liked, I’ve never, ever resorted to prostitutes. The accidental exceptions included two ‘call girls’; one having met at summer beach town bar matinee and who was ‘not working’ (as it turned out the reason being she was at the end of her menstrual cycle). The other at a grocery store with her daughter which made such in my mind, unlikely. As it turned out, both were ‘nymphomaniacs’ (which, truth be told, made for quite an exceptional sexual romp) and I simplistically inferred/surmised without dwelling on the subject that they probably expected they’d have inordinate amounts of sex anyway and might as well get paid for it – of course I didn’t nor was I asked to pay. The other incident I’m including here for the record concerned an absolutely beautiful (blonde hair, blue eyes, pretty, cute, perfectly built/proportioned – make no mistake, however, I like brunettes also) girl I met at a bar called ‘the Red Ranch’, later changed to ‘Harpoon Willy’s’. At closing, we immediately became amorous, near intimate to a point in my car with abrupt ‘resistance’ at the ‘crucial moments’. When I finally, ‘exasperated’, asked ‘what’s up’, she stated she had recently broken up with her boyfriend who had gone too far in the ‘sado-masochistic’ ritual behavior they were, and she still was into. I told her I wasn’t into it (I don’t connect sex with sado-masochism); never would, never did, never will. We talked for quite some time and she explained her ‘predisposition’ the (her perceived) consequence of her strict, puritanical upbringing and feelings of guilt concomitant with sexual activity requiring coincident punishment/pain when so engaged. I was busy with law school evenings, work full-time, and teaching at a local college part-time and parted ways without taking her number and never did see her again. }

SHRINK: We are creating 'generation of deluded narcissists'... http://albertpeia.com/deludednarcissists.htm ‘…We must beware of the toxic psychological impact of media and technology on children, adolescents and young adults, particularly as it regards turning them into faux celebrities—the equivalent of lead actors in their own fictionalized life stories…’ Read more: http://www.foxnews.com/opinion/2013/01/08/are-raising-generation-deluded-narcissists/#ixzz2HXlpfElS Indeed, and america’s got the ‘perfect (failed, like them) president’ for this deluded generation of of ‘legends in their own minds’; viz., choom gang fantasizer in chief, wobama the b for b*** s***! Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }

Obama to follow in footsteps of Hitler, Stalin with ‘executive order’ disarmament of the American people Mike Adams | Obama is going to march America down the dark halls of history by following in the footsteps of Adolf Hitler, Joseph Stalin, Mao Tse Tung. Biden Says Obama to Use “Executive Action” to Restrict Second Amendment Kurt Nimmo | Lobotomy joe biden says violating the Constitution is an act “worth taking.”

EPITAPH FOR AMERICA: Nothing quite succeeds like failure in america. I had tried to help underdog (and outsider and former missionary and hard worker and straight shooter) Mitt Romney by coming out early and unequivocally in support of him and change in the disastrous direction of america, unequivocally in decline. Importantly, that also gave me 'license' to say what needed saying but what everyone considers politically incorrect, impolitic, or brutally honest and/but are afraid to say. The key(s) to the election debacle here were the threat of riots and violence by the typical uncivilized niggers. After all, americans generally are without doubt an inherently cowardly people and war-mongering bullies as indicated by past and recent history. I saw this first hand by particularly that screaming old lady lying on the ground, blood streaming from her mouth, purse stolen by the nigger who calmly walked away as whites among others walked, passed her by in fear (see immediately infra). Truth be told, I bit my tongue and cringed at every Romney link to corrupt, venal war criminals/criminals/mobsters bushes, cheney, trump, kean, (republicans alito, et als) etc., who have substantially damaged me (along with referenced democrats, to be fair). Then there's that contra-indicated love-fest with war mongering/war crimes nation, illegal nuke totin' israel (almost more than I could bear). On the positive side, trusting in GOD only as I do, I must confess I was happy to see the destruction of the jersey shore and appropriately, rockaway beach, queens, new york (jersey mob and gambino crime family connection). A lesson to all, Romney particularly, never trust a half-breed sicilian former federal government slug; that rotund humpty dumpty christie of jersey infamy. Amazingly, the very people who've been and will prospectively be damaged by nothing more than a mentally troubled fraud, grifter, jive-talking b***s***/con artist obama, gave him the blind support he needed to prevail regardless of his unequivocally failed four years of prior broken campaign promises, reality, and rationality. Self-destructive, mentally challenged/troubled losers? That fits! That america is a hopelessly failed, bankrupt nation in decline, there is no question!

MSNBC Yet Again Implies Criticism of Obama Is Racist Paul Joseph Watson | General Electric-owned (49%) network is earning its federal bailout money. [Yet, it's holder / wobama who're the racists ... Robinson: King's dream remains unrealized (Washington Post) [ Yeah! That 'content of their character' thing's a b***ch to live up to ... just don't measure up! What's a white person to do, especially when black atty. General Holder with fellow black Obama's tacit approval is racist himself (themselves) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...'ignore cases that involve black defendants and white victims '. Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white people'... [ Typical ... ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security...

[ .. (the following incident is my personal experience: black perps, white victims)' ... while walking through Military Park (a sliver of a 'park' - more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion (limbic system / adrenalin flow) I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped / a crowd gathered / an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA's position with both felonies ( he went to prison - pled out ). The other case I wrote about here ( This was included on my website in the Psychology forum discussion of 'bystander effect' / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparently had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp (a police officer here in California was the object of intense criticism for having used a flashlight to subdue a criminal after a long chase so I included that here) . The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal went to jail (where they belong). The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so. I was also mugged by 4 blacks and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves 'whites' http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm ]

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

Lakers hire Mike D’Antoni as coach, passing on Phil Jackson Phil Jackson was “asking for the moon,” according to a source familiar with the situation. Mike D'Antoni's Lakers contract is three guaranteed years at $12 million { Phil was just being nice. He certainly doesn ’t need the money; and, I must say, I would have lost a lot of respect for him had he done a deal with them. After all, given all he’d done for the lakers, the way they (ie., jerry west bad mouthed him, ie., lifestyle, beliefs, choice of location, etc.) bad mouthed him, I personally would have told them to go f*** themselves [ I essentially did as much with my two largest jersey clients who asked that I return to representing them after the ‘split’ with them, which would have meant long-term mob ‘affiliation’ (and as per their thinking/protocol an ‘obligation’), albeit tacitly; although I must say I hadn’t anticipated fully the pervasive clout of the mob in jersey and infiltration of the equally corrupt federal system there and elsewhere and the dire consequences they contrived for me thereafter- la/ca better, but not much- and, though California was deservingly rated lowest recently among all places in the states to live, Malibu excepted, I would put jersey lower than california; and, prospectively, there’s disaster in a big way rivaling/exceeding jersey shore/rockaway beach queens new york in proportion ‘a-coming’. ] You can’t take it with you. In the end, all you really have is your spirit, dignity/integrity, self-respect, all of which are sorely lacking in america generally, and california/new jersey/new york/connecticut/virginia especially. The recent ‘election’ also confirms this very american trend of corruption, decline, and abject failure. Phil Jackson will always be a winner, a champion! }

FACEBOOK RESPONSE:

Bob: I'm 100% behind law enforcement in their ever more increasingly difficult task of law enforcement, in this ever more lawless nation, particularly in meaningfully lawless new jersey. Unfortunately, when I went to vote, I was asked to grant facebook broad 'authority' which as a matter of internet policy (to prevent a multitude of problems, hacking, etc.) I don't do (facebook's very politicized in a pro-wobama way and hooked into those goldman frauds et als, on fraudulent wall street). Since wobama people do it, you can put in an extra vote on my behalf. I'm currently stonewalled awaiting a formal reply from the fbi inasmuch as I must account for my time wherever I ultimately locate. Below is some recent posted commentary and a response to Congresswoman Roybal-Allard as per her request (I did not receive a reply from Sen. Feinstein regarding the aforesaid matters). Hope you and your family are well.

Regards,

Al

Dianne Feinstein: No need to debate Republican opponent... { Riiiight! Things are going so swimmingly (as in drowning) for the nation and california particularly. Actually, I responded to a ‘generic’ email / facebook request from her with my subsequent request that she help to elicit a formal response from the FBI as promised regarding the RICO matters (the other incompetent, failed perrenial senator barbara boxer actually had ‘made her presence known’ in the corrupted process regarding usdcj matz/lester and the default of the u.s. which missed the filing date which error was compounded by the misstatement of the rule in court on the record by asst. us attorney robert i. lester); but, no response... http://albertpeia.com/selfdefense.htm [ One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! ]

11-5-11 Dear Congresswoman Roybal-Allard:

The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:

‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’

Sincerely,

Albert L. Peia

America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm

Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

Guest Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words! It’s been my direct experience for quite some time now and is quite a pathetic scenario! } Legal precedent means nothing. Rule of law means nothing. Free speech means nothing. Their own treaties mean nothing. It’s unbelievable. Anyone in the west who honestly thinks he’s still living in a free society is either a fool or completely out of touch. If that seems too radical an idea, consider that ECUADOR is now the only nation which stands to defend freedom and human rights against an assault from the United States, the United Kingdom, and their spineless allies. The west has just become a giant banana republic. Have you hit your breaking point yet? If not now… when? { { I’m really constrained to interject my own direct experience with the FBI here; and, I must say I do so lamentably. If you want no real results vis-à-vis organized crime which now extends to the upper reaches, highest levels of the corrupt u.s. government, go to the FBI. I discounted the new jersey FBI as just typical corrupt, mob infested jersey which thinks in terms of discos/casinos. But, truth be told, they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their (understated) crime stats for even a second. I’m beginning to feel foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters directly who seem to have at least some sense of the magnitude of the fraud involved and the pervasive corruption of the system and government and maybe a semblance of honor in this nation of protracted decline. It never would have occurred to me back when for me, such a choice/decision was clear-cut and simple. Such a course as mine I no longer could recommend inasmuch as there is little difference between state/government sponsored crime/corruption and that perpetrated by other criminal elements, from my direct experience with both, infra: Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some federal workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the properties in my proceedings for which surplus funds are unaccounted for was a top floor balconied 2 bedroom 1 and 1/2 bath condominium (beach/boardwalk front w/indoor pool/sauna) in seaside heights, n.j. –10-31-12 Post Sandy: I’m wondering if it’s still there. ). But debauchery an american specialty? Another rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in the illegal drug trade). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city boy louis freeh, labeled by former Prosecutor Larry Klayman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis

5-23-13

Are We Entering The Worst Period For Natural Disasters In U.S. History?

http://endoftheamericandream.com

http://albertpeia.com/usnaturaldisasters.htm

The Colorado River, The High Plains Aquifer And The Entire Western Half Of The U.S. Are Rapidly Drying Up

http://theeconomiccollapseblog.com

http://albertpeia.com/dry.htm

BReaKiNG NiKKei... Submitted by williambanzai7 on 05/23/2013 http://albertpeia.com/breakingnikkei.htm

The Bronze Swan Arrives: Is The End Of Copper Financing China's "Lehman Event"? Submitted by Tyler Durden on 05/23/2013 - In all the hoopla over Japan's stock market crash and China's PMI miss last night, the biggest news of the day was largely ignored: copper, and the fact that copper's ubiquitous arbitrage and rehypothecation role in China's economy through the use of Chinese Copper Financing Deals (CCFD) is coming to an end.

Chart Of The "Keynesian Normal": America's Tragic Divergence Submitted by Tyler Durden on 05/23/2013 - There is a saying that debt can't buy growth. When it comes to the US, that saying is absolutely correct: only lots and lots of debt can "buy growth."As the chart below shows, since officially leaving the gold standard in 1971, annual GDP growth has outpaced the growth of federal debt on just 11 occasions, and of these half were during the dot com boom of the late 1990s. Obviously this chart would look far worse if instead of just federal debt - which is merely a portion of total we used total credit market debt (which is some three time greater). But for illustrative purposes, merely Federal debt will suffice, because the parabolic "endphase" divergence between the two indexed lines - one showing GDP growth, the other debt growth - says more about the final outcome of this tragic Keynesian experiment than 1000 meandering, meaningless, trolling essays written by Nobel-prize winning economists ever could.

Bass On Japan's Turbo QE: "It Won't Be Enough"Submitted by Tyler Durden on 05/23/2013 - If JGB investors 'believe' as Richard Koo earlier noted, in the BoJ's new actions and Abenomics (to double the monetary base and generate inflation), then, Kyle Bass explains, a rational investor is likely to sell a portion if not all of them. The BoJ only has JPY10 trillion cushion (after the JPY60 trillion deficit) to soak up this 'rational investor paradox' selling and this is dwarfed by the holdings of JGBs in the largest Japanese banks (who are now starting to rotate away from JGBs into foreign bonds). Simply out, Bass exclaims, they are going to have make the plan even bigger... if they are to successfully contain rates. With a quadrillion JPY of JGBs out there, if a mere 5% is sold (from 'Abe'lievers) then Japan's Turbo QE is not big enough which leads to the paradoxical increase in the QQE, moar inflationary 'belief', and moar selling pressure... The BoJ has been in the market every day but 2 since April 4th trying to hold rates down (and is failing)...

CME Hikes Nikkei-Associated Margins By 33%Submitted by Tyler Durden on 05/23/2013 - Two years ago it was only gold and silver that saw the CME's wrath on a daily, and sometimes hourly basis. Back then, however, it was due to soaring prices. Today, it is due to the bone-crushing price collapse in the Nikkei which has just seen the CME hike most Nikkei-related outright futures margins by 33%. So not only will those who resume trading Nikkei-related products in the futures market see a big loss in their P&Ls, they will also have to post some 33% more margin. We can only hope they still have some collateral and aren't margined up 100%. That would not be good for the Japanese pennystockmarket and "experiment" no matter how much good luck Jens Weidmann wishes them.

"Dead Dog Bounce" Or "Pause That Refreshes"Submitted by Tyler Durden on 05/23/2013 - While the off-the-lows mentality of today's market performance was heralded by most as a signal that the BTFD'rs are back, we gently remind them that the Nikkei (futures) did not bounce at all... In fact S&P futures bounced to a rather eerily perfect 38.2% Fibonacci retracement of the overnight plunge and then faded into the close. All the major indices managed to get back to unchanged on the day (but the S&P 500 was the last to make it and instantly turned around once it did). Credit markets opened gap wider and did not bounce back anything like stocks. Treasuries sold off modestly from their pre-opening levels then drifted lower in yield into the close (ending down 2-3bps on the day but up 6-7bps on the week). The USD weakened most of the day and commodities gained on the day with gold and silver now up over 2% on the week. VIX fell from the open to the close but ended the day higher as we suspect hedges were lifted and exposure reduced into the bounce.

A Culture Of Fear And Intimidation... Submitted by Tyler Durden on 05/23/2013 - Last week when Simon Black arrived in Bangladesh, the immigration officials there were positively ecstatic to see a foreign tourist entering the country. It’s not quite the same in the Land of the Free. In fact, before they even let people in the country, they program us to be afraid and intimidated. For one thing, all the immigration officers are armed. There’s absolutely no reason for a government agent to carry a loaded pistol when all he does is stamp a passport. This is extremely uncommon in the rest of the world. Only in the Land of the Free. When you step back and look at the whole government apparatus, it’s apparent that this culture of fear and intimidation applies across the entire spectrum. A particularly fitting quote, most frequently credited to Thomas Jefferson– “Where the people fear the government, you have tyranny. Where the government fears the people you have liberty.” It’s absolutely true.

Quote Of The Day Submitted by Tyler Durden on 05/23/2013 - The only sane central banker in the world, the Bundesbank's Jens Weidmann, take the prize for today's quote of the day with the following:ECB'S WEIDMANN WISHES JAPAN `GOOD LUCK IN THEIR EXPERIMENTS'So do we. They will need it.

Full Text And Wordcloud Of Obama's "Don't Drone Me, Bro" SpeechSubmitted by Tyler Durden on 05/23/2013 -One can read "The Lethal Presidency of Barack Obama" to get a true sense of Obama's "the best defense is a relentless drone everyone offense, ignore collateral damage and take out a few Americans in the process" policy. Or one can stare at rising stawks and enjoy their Obamaphones. Obe can't have both.

Richard Koo Warns Of "Beginning Of The End" For Japanese Economy Submitted by Tyler Durden on 05/23/2013 - The surge in Japanese long-term interest rates is likely causing some lost sleep among bond market participants and policymakers (despite their ignorance of the moves in the BoJ minutes) as Nomura's Richard Koo notes, if this trend continues (now added to by the collapse in stock prices) it could well mark the “beginning of the end” for the Japanese economy. Although the stock market has (until now) welcomed the yen’s continued slide against the dollar, Koo warns that this trend needs to be carefully monitored, as simultaneous declines in JGBs and the yen can be interpreted as a loss of faith in the Japanese government and the Bank of Japan. The biggest concerns are that the extreme volatility in Japanese stocks and bonds is occurring at a time when the BOJ was buying large quantities of government bonds. It is now clear that even large-scale BOJ purchases of JGBs cannot stop yields from rising. Simply put, Koo notes, the BoJ needs to rein itself in and state it will not stand for overshooting inflation expectations or the 'bad' rise in rates could crush both the nascent recovery and the nation's banking system.

The Winners And Losers In Today's NEE And AEP Flash Crashes Submitted by Tyler Durden on 05/23/2013 - (Milli)seconds after today's market open, utilities NextEra Energy (NEE) and American Electric Power (AEP) did what most stocks in the New Normal do when there is an unexpected event (like a 4 sigma plunge in the Nikkei): they flash crashed. What is different about AEP and NEE is that unlike most other daily stocks that implode in a matter of milliseconds, the collective market cap of the two companies was nearly $60 billion, which in turn sent the broader utilities index down over 10%. Of course, for a few milliseconds it was more like $30 billion: because that is how much in capitalization was lost in under one second, when today's flash crash du jour struck. But fear not: anyone who got stopped out under $76.19 in NEE and under $46.03 in AEP are the "lucky" ones, and the trades were marked as "Aberrant." Alas since that simply means the trades are excluded from daily high and low charts, that is hardly comforting for anyone. 

UBS On Japan - Are You 'Abe'liever? Submitted by Tyler Durden on 05/23/2013 -We totally get why many are excited by the recent cyclical improvement in the Japanese economy. However, just because industrial production is turning up on the back of exports and 1Q GDP grew more than expected doesn’t mean Abeconomics is working. Most of the improvement in Japan is probably best described as a standard cyclical improvement in the aftermath of very depressed growth that was also heavily influenced by last year’s downturn in global trade. There are definitely signs that Japan’s economy are improving cyclically. However, as UBS notes, structurally, demographics remain a major headwind to raising aggregate demand. We feel many investors have not yet considered what slower growth for Asia will mean for Japan in the medium term. This will make it more difficult to raise aggregate demand above supply since capacity is sticky and Japan already has excess capacity. So for Abe-believers there will be fuel to support their optimism. However, once you move beyond that and think about what comes afterwards things look more challenging.

Oklahoma Tornado Devastation: Before And After PictureSubmitted by Tyler Durden on 05/23/2013 - The biggest story of the early part of the week was the massive 1+ mile-wide Tornado ploughing through a suburb of Oklahoma City leading to dozens of deaths and billions in damage. And while the story has already faded from the 15 minutes of collective random access memory, the following aerial picture showing just how devastating nature can be when it so chooses, is one to behold.

"Terminal State Of Broken"Submitted by Tyler Durden on 05/23/2013 - "The world has taken on a “virtual reality” with no reference to what really is. This is the biggest market power play of smoke and mirrors in history. It is happening because the financial system is in a terminal state of broken."

The Nikkei's Collapse: A 1987 RefresherSubmitted by Tyler Durden on 05/23/2013 - Last night's awe-full plunge in the Nikkei 225 may have come as a shock to many but it was right on cue if one believes in the past as a guide to the future. As ForexLive notes, the striking correlation between the current rampage in the Japanese stock market and that of 1987 is stunning. In 1987, the index had a remarkably smooth 89% rally that began in early November, lasted 186 days, and was followed by a 9.1% correction. Currently, the Nikkei 225 has had a remarkably smooth 85% rally that began in late October and has lasted 191 days culminating with last night's 9% correction. If past continues to be prologue, last night's wipe out should be entirely forgiven within three days and promptly forgotten (as a transitory blip). If, however, this time really is different, well...

European Stocks Dive Most In 10 MonthsSubmitted by Tyler Durden on 05/23/2013 - There was quite a bit of dispersion among European equity indices today (with Italy worst and Spain actually holding up - albeit down 1.4%) but the European equivalent of the S&P 500 (the BE500) dropped 2% - its biggest single-day plunge in 10 months. Credit markets - just as in the US - have been warning of a disconnect for two weeks and today's equity dive has more than halved that divergence. European sovereigns are wider by 10-15bps. Europe's VIX is over 2 vols higher at 18.4% (its highest in a month). European financial stocks dropped by their most in 3 months and European high-yield credit worsened by its most in 3 months. A late-day ramp made things alook a little better than they had earlier with a 100 pip rally in EURUSD off earlier lows seemingly providing some help.

Delinquent Student Loans Hit Record, 30% Of 20-24 Year Olds Are Unemployed And Not In SchoolSubmitted by Tyler Durden on 05/23/2013 -Almost a year ago we shared a calculation according to which "Over $120 Billion In Federal Student Loans In Default", suggesting that the next credit crisis has already arrived. Since then the topic of the student loan bubble has become a household topic. Sadly, that does not mean it has gotten any better. In fact, according to the latest Education Department data it has gotten as bad as it has ever been. As Bloomberg reports, not only have overdue student loans reached an all-time high but the number of young people aged 20-24 out of school and unemployed is at a record high: not quite astronomic by European standards, but hardly a ringing endorsement of an economy set to transition labor tasks to the next generation, especially with the employment of those 55 and older at all time highs.

Guest Post: Generation X: An Inconvenient Era Submitted by Tyler Durden on 05/23/2013 - A data-based look at the financial context of the past 30 years from the perspective of Gen X.

Spot The Bubble: Average New Home Price Soars By Most Ever In One Month To All Time High Submitted by Tyler Durden on 05/23/2013 - Curious why in yesterday's FOMC minutes the following line "a few participants expressed concern that conditions in certain U.S. financial markets were becoming too buoyant" received special attention? Here is the reason: as the chart below shows, according to the census bureau, the average new home sale price just hit a new all time high, rising by a record 15.4% to a record $330,800. In a country in which real disposable consumer income is flat at best and in reality declining, it only makes sense that the average new home price just hit a level not seen since the prior credit-bubble fueled housing peak.

Frontrunning: May 23

Submitted by Tyler Durden on 05/23/2013

Global shares sink, following 7.3 percent drop in Japan's Nikkei (Reuters)

When all fails, pull a Kevin Bacon: Japan Economy Chief Warns Against Panic Over Stock Sell-Off (BBG)

White House Feeds IRS Frenzy by Revising Accounts (BBG)

In any scandal, lying to Congress is tough to prove (Reuters)

Debt limit resets at higher level, budget impasse grinds on (Reuters)

China factory data to test political calculations (FT)

European Leaders Saying No to Austerity (BBG)

And yet, nobody wants in anymore: Iceland’s new coalition government suspends EU accession talks (FT)

Oil Manipulation Inquiry Shows EU’s Hammer After Libor (BBG)

The Fed Squeezes the Shadow-Banking System (WSJ)

Diamond Said to Weigh Backing Barclays Alumni in Venture (BBG)

Spain’s Private Jets Disappearing as Tycoons Cut Flights (BBG)

Will It Be Inflation Or Deflation? The Answer May Surprise You

http://albertpeia.com/inflationdeflation.htm

{ I believe he is correct; both, america having adopted the zimbabwee economic/fraud model. }

America’s Bubble Economy Is Going To Become An Economic Black Hole

http://albertpeia.com/usbubbleeconomicblackhole.htm

ZiG ZaG BeN... Posted by : williambanzai7 Post date: 05/22/2013 - Protect America, report all market contrarian activities! http://albertpeia.com/ziggyzagben.htm

INTRoDuCiNG EURO CRiSiS CouTuRe 2013... Posted by: williambanzai7 Post date: 05/21/2013 - They've got the look! http://albertpeia.com/eurocrisiscouture.htm

Hyperinflation – 10 Worst Cases Posted by: Pivotfarm Post date: 05/22/2013 - Inflation is hot property today, hyperinflation is even hotter! We think we are modern, contemporary, smart and ready to deal with anything. We’ve got that seen-it-all-before, been-there-done-it...

Argentine Inflation: It’s Tough When All You Get Is Lies Posted by: testosteronepit Post date: 05/22/2013 - But 34.9%?

Fed Stimulus Still Needed to Help Recovery, Bernanke Says { Come on … there’s been no real recovery … he really means more cover for his and wobama’s unequivocal failure and more money for the paper frauds on wall street who the fed’s orchestrated, manipulated slamdown of gold/precious metals was meant to fraudulently help. } NY Times | Despite recent improvement in the job market, the Federal Reserve needs to continue its stimulus efforts to avoid endangering the recovery says Bernanke.

TiCKeTS FoR THe FiaT BaBY... Posted by : williambanzai7 Post date: 05/20/2013 - "Money power denounces, as public enemies, all who question its methods or throw light upon its crimes."--William Jennings Bryan http://albertpeia.com/thefiatbaby.htm

INTRoDuCiNG EURO CRiSiS CouTuRe 2013... Posted by: williambanzai7 Post date: 05/21/2013 - They've got the look!

10 Amazing Charts That Demonstrate The Slow, Agonizing Death Of The American Worker

http://albertpeia.com/deathoftheamericanworker.htm

THe MaSTeR & APPReNTiCe...con't http://albertpeia.com/masterapprentice.htm

THe PRoCToLoGiST MaY 2013... http://albertpeia.com/proctology.htm

FiNaNCiaL TeRRoRiSM AND PoLiTiCaL SeX MaP... http://albertpeia.com/proctology.htm

More Foreclosures and Suicides than During the Great Depression Posted by: George Washington Post date: 05/17/2013 - Read 'Em and Weep

Wal-Mart Warns of a Slowdown Posted by: Phoenix Capital... Post date: 05/17/2013 - So much for the “recovery” theory. If you look at the real economy, things are getting worse and worse. When even Wal-Mart reports that people are spending less (remember that...

IRS Official In Charge During Tea Party Targeting Now Runs Health Care Office Submitted by Tyler Durden on 05/17/2013 - We’d like to say that the following is unbelievable, but it’s not.  Unfortunately, it is all too believable.

10 Scenes From The Economic Collapse That Is Sweeping Across The Planet

http://albertpeia.com/scenesfromeconomiccollapse.htm

An Even Bigger Scandal: Why Are IRS Audits Being Used To Punish Obama’s Political Enemies?

http://albertpeia.com/irsauditsusedonpoliticalfoes.htm

{ The time has come to call a spade a spade because the reality is that they are spades! }

No BaNK DePoSiTS WiLL Be SPaReD FRoM CoNFiSCaTioN Posted by: williambanzai7 Post date: 05/15/2013 - It will come as a shock to all of you to know that such daylight robbery is perfectly legal and this has been so for hundreds of years. http://albertpeia.com/bankdepositconfiscation.htm

Top Constitutional Experts: Obama Is Worse than Nixon Posted by : George Washington Post date: 05/15/2013 - Objective Analysis: Obama Versus Nixon

Stocks Disconnect From Reality... and Every Other Asset Class Posted by: Phoenix Capital... Post date: 05/15/2013 -  Investors, take note… stocks are always the last to “get it.” This bubble will end as all bubbles do: in disaster.  

An Interview With Barack Obama About The IRS Scandal, AP Phone Records And Benghazi

http://albertpeia.com/obummerirsapbenghazi.htm

Gangster State America Paul Craig Roberts | There are many signs of gangster state America. One is the collusion between federal authorities and banksters in a criminal conspiracy to rig the markets for gold and silver.

Judge scolds Trump, attorney during testimony AP { t_rump is such total b***s*** and a total fraud! }

The US Student Loan Bubble Broken Down By State, And Why Washington D.C. Sticks Out Like A Sore Thumb http://albertpeia.com/studentloanbubblebreakdown.htm

THe MaSTeR & APPReNTiCe... Posted by: williambanzai7 Post date: 05/14/2013 - Power corrupts buffoonery... http://albertpeia.com/theimpeachables.htm

A SceNe FRoM KeYNeSiaN HeLL... Posted by : williambanzai7 Post date: 05/11/2013 - The liar, I mean lair of Beezle Ben... http://albertpeia.com/beezlebensatan.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

5-22-13

Will It Be Inflation Or Deflation? The Answer May Surprise You

http://theeconomiccollapseblog.com

http://albertpeia.com/inflationdeflation.htm

{ I believe he is correct; both, america having adopted the zimbabwee economic/fraud model. }

America’s Bubble Economy Is Going To Become An Economic Black Hole

http://theeconomiccollapseblog.com

http://albertpeia.com/usbubbleeconomicblackhole.htm

ZiG ZaG BeN... Posted by : williambanzai7 Post date: 05/22/2013 - Protect America, report all market contrarian activities! http://albertpeia.com/ziggyzagben.htm

INTRoDuCiNG EURO CRiSiS CouTuRe 2013... Posted by: williambanzai7 Post date: 05/21/2013 - They've got the look! http://albertpeia.com/eurocrisiscouture.htm

Hyperinflation – 10 Worst Cases Posted by: Pivotfarm Post date: 05/22/2013 - Inflation is hot property today, hyperinflation is even hotter! We think we are modern, contemporary, smart and ready to deal with anything. We’ve got that seen-it-all-before, been-there-done-it...

Argentine Inflation: It’s Tough When All You Get Is Lies Posted by: testosteronepit Post date: 05/22/2013 - But 34.9%?

Fed Stimulus Still Needed to Help Recovery, Bernanke Says { Come on … there’s been no real recovery … he really means more cover for his and wobama’s unequivocal failure and more money for the paper frauds on wall street who the fed’s orchestrated, manipulated slamdown of gold/precious metals was meant to fraudulently help. } NY Times | Despite recent improvement in the job market, the Federal Reserve needs to continue its stimulus efforts to avoid endangering the recovery says Bernanke.

Japanese Bond Market Halted At Open As Selling Purge Goes AirborneSubmitted by Tyler Durden on 05/22/2013 - Japanese government bonds (JGB) futures have been halted once again this evening as the market opens down over 1 point. 10Y yields smash 11.5bps higher to 1.00% and 5Y yields add 6bps to 47bps. These are quite simply unprecedented moves in what 'was' a safe asset class and impresses yet another VaR shock on the market (as we detailed here). What this really means is that Japanese banks push further into insolvency land (as we explained here) today's move wipes another 1.5% of blended Tier 1 capital off the Japanese banking industry. Today's jump in 10Y yields continues the post-BoJ regime of greater-than-six-sigma moves... something no risk model can withstand for three weeks... Just a good job the BoJ didn't have anything at all to say about this totally disorderly fiasco yesterday.

IRS' Lois Lerner Re-Subpoenaed After Accidentally Waiving Her Right To Plead The FifthSubmitted by Tyler Durden on 05/22/2013 - "Never attribute to malice that which is adequately explained by stupidity"

Deleveraging, Releveraging And Finding The New Saturation PointSubmitted by Tyler Durden on 05/22/2013 - Do you need a break from public policy buzzwords? Are you happy to go back to the days when cliffs were discussed occasionally on the National Geographic channel but not analyzed ad nauseum on CNBC? Are you tired of reading about austerity, austerians, anti-austerians and austeresis? You’ve come to the right place. “How long have we been deleveraging?” – I’ll answer “zero years.” As in, what deleveraging? We haven’t even gotten started yet.

Try This Experiment Yourself...Submitted by Tyler Durden on 05/22/2013 - Anchoring is "our tendency to grab hold of irrelevant and often subliminal inputs in the face of uncertainty." In the absence of reliable knowledge about the future, investors have a tendency to anchor onto something – anything – to help them predict future market returns. And what better anchor to use for future market returns than prior ones? This is where the story gets more intriguing. When looking at the UK stock market in discrete 20-year blocks, the period from 1980-1999 is the only one in the last 300-years in which inflation-adjusted returns averaged between 8% and 10% per year. Investors seem to be anchoring their market predictions to recent returns of the past, therefore buying ‘the index’ expensively, inclusive of a grotesque bubble of credit. One can expect this to end in a train wreck.

Eric Holder Admits To First Americans Killed By Drone StrikesSubmitted by Tyler Durden on 05/22/2013 - In a letter to Congress (below), AG Eric Holder admitted that the administration deliberately killed American Anwar al-Awlaki (the radical Muslim cleric) in a drone strike in September 2011 adding, as the NY Times reports, "the decision to target Anwar al-Awlaki was lawful, it was considered, and it was just." As RT notes, there was collateral damage, as it has been widely reported but rarely acknowledged in Washington that two other US citizens - Samir Khan, and al-Awlaki's teenage son, Abdulrahman al-Awlaki - were executed in that same Yemen strike. With Holder’s latest admission, however, a fourth American - Jude Mohammed - has also been officially named a casualty of America’s continuing drone war; bringing the total 'known' Americans killed under the US Drone War to 4 since 2009.

Greek Prostitution Soars By 150% As Youth Unempoyment Hits 75% In Some AreasSubmitted by Tyler Durden on 05/22/2013 - With Greece suffering the biggest economic depression in decades, all so a few rich men can preserve their wealth and not have their EUR-denominated savings wiped out (even if the alternative means finally being able to rebalance externally using the Drachma instead of forcing internal rebalancing via unemployment and plunging wages), it was only a matter of time before we found out just how humiliating the conversion of the entire economy to a "gray", non-tax paying one would be for the citizens of Greece.  As the NYT reports, in just the past two years, the numbers of Greeks engaging in prostitution as a last course source of income has more than doubled: according to the National Center for Social Research, the number of people selling sex has surged 150 percent in the last two years.

"We Are Experiencing More Than Just A 'Soft Patch'"Submitted by Tyler Durden on 05/22/2013 - "The economy is amazing right now - employment is recovering, innovation is going and housing is reviving.  What's not to love?"  This was a statement we heard in the media to justify the recent rise in the stock market. However, back in the real world, what is clear from the two composite indexes is that the broad economy, and by extension underlying employment, has clearly peaked and has began to weaken.  This is well within the context of historical trends and time frames.  While the mainstream analysts and economists continue to have optimistic views for a resurgence in economic activity by years end the current data trends, both globally and domestically, suggest otherwise.

Stunned Stocks Slide On Soaring Volume; Worst Swing Day In 5 WeeksSubmitted by Tyler Durden on 05/22/2013 - Today saw the largest high to low drop intraday (down over 2.3%) in the S&P 500 for five weeks as it fell back to the 'Tepper Top'. Volume was the 3rd highest of the year. As expected, high-beta muppets were hurt most; Trannies were the worst performer in the major equity indices (down 1.6% on the day and 2.5% from the Bernanke highs early on); homebuilders dropped 3.7% from their earlier highs, and Morgan Stanley slumped 4% from its earlier highs. VIX (up most in 5 weeks at 14.0%) and credit markets (biggest widening in 4 weeks and HYG dropped by its most in 6 months from its intraday highs) saw major weakness (extending the bearish divergence with stocks). The USD rallied back to unchanged on the week and commodities slipped lower (gold and silver end the day slightly higher on the week). What's so special about today? The S&P 500 dividend yield just equilibrated with the 10Y yield for the first time since April 2012... where would you rather 'reach for yield'...

Four Signs That We're Back In Dangerous Bubble TerritorySubmitted by Tyler Durden on 05/22/2013 -As the global equity and bond markets grind ever higher, abundant signs exist that we are once again living through an asset bubble – or rather a whole series of bubbles in a variety of markets. This makes this period quite interesting, but also quite dangerous. This can be summarized in one sentence:  How could this be happening again so soon?

Frontrunning: May 22

Submitted by Tyler Durden on 05/22/2013 - 07:29

Apple Bonds Stick Buyers With $280.6 Million Loss as Rates Climb (BBG)

Iceland Freezes EU Plans as New Government Shuns Euro Crisis (BBG)

"Transparent Fed" - Ben Bernanke meets privately with Darrell Issa (Politico)

Bank of Japan vows market steps to curb bond turbulence (Reuters) holds policy (FT)

Stockholm riots spread in third night of unrest (FT)

Dudley Says Decision on Taper Will Require 3-4 Months (BBG)

Senate panel passes immigration bill; Obama praises move (Reuters)

Italy to outline youth jobs plan as government struggles (Reuters)

Apple CEO Tim Cook, Lawmakers Square Off Over Taxes (WSJ)

Google Joins Apple Avoiding Taxes With Stateless Income (BBG)

Sony Board Discussing Loeb’s Entertainment IPO Proposal (BBG)

Vote Strengthens Dimon's Grip (WSJ), Dimon performance well choreographed (FT)

TiCKeTS FoR THe FiaT BaBY... Posted by : williambanzai7 Post date: 05/20/2013 - "Money power denounces, as public enemies, all who question its methods or throw light upon its crimes."--William Jennings Bryan http://albertpeia.com/thefiatbaby.htm

INTRoDuCiNG EURO CRiSiS CouTuRe 2013... Posted by: williambanzai7 Post date: 05/21/2013 - They've got the look!

10 Amazing Charts That Demonstrate The Slow, Agonizing Death Of The American Worker

http://albertpeia.com/deathoftheamericanworker.htm

THe MaSTeR & APPReNTiCe...con't http://albertpeia.com/masterapprentice.htm

THe PRoCToLoGiST MaY 2013... http://albertpeia.com/proctology.htm

FiNaNCiaL TeRRoRiSM AND PoLiTiCaL SeX MaP... http://albertpeia.com/proctology.htm

More Foreclosures and Suicides than During the Great Depression Posted by: George Washington Post date: 05/17/2013 - Read 'Em and Weep

Wal-Mart Warns of a Slowdown Posted by: Phoenix Capital... Post date: 05/17/2013 - So much for the “recovery” theory. If you look at the real economy, things are getting worse and worse. When even Wal-Mart reports that people are spending less (remember that...

IRS Official In Charge During Tea Party Targeting Now Runs Health Care Office Submitted by Tyler Durden on 05/17/2013 - We’d like to say that the following is unbelievable, but it’s not.  Unfortunately, it is all too believable.

10 Scenes From The Economic Collapse That Is Sweeping Across The Planet

http://albertpeia.com/scenesfromeconomiccollapse.htm

An Even Bigger Scandal: Why Are IRS Audits Being Used To Punish Obama’s Political Enemies?

http://albertpeia.com/irsauditsusedonpoliticalfoes.htm

{ The time has come to call a spade a spade because the reality is that they are spades! }

No BaNK DePoSiTS WiLL Be SPaReD FRoM CoNFiSCaTioN Posted by: williambanzai7 Post date: 05/15/2013 - It will come as a shock to all of you to know that such daylight robbery is perfectly legal and this has been so for hundreds of years. http://albertpeia.com/bankdepositconfiscation.htm

Top Constitutional Experts: Obama Is Worse than Nixon Posted by : George Washington Post date: 05/15/2013 - Objective Analysis: Obama Versus Nixon

Stocks Disconnect From Reality... and Every Other Asset Class Posted by: Phoenix Capital... Post date: 05/15/2013 -  Investors, take note… stocks are always the last to “get it.” This bubble will end as all bubbles do: in disaster.  

An Interview With Barack Obama About The IRS Scandal, AP Phone Records And Benghazi

http://albertpeia.com/obummerirsapbenghazi.htm

Gangster State America Paul Craig Roberts | There are many signs of gangster state America. One is the collusion between federal authorities and banksters in a criminal conspiracy to rig the markets for gold and silver.

Judge scolds Trump, attorney during testimony AP { t_rump is such total b***s*** and a total fraud! }

The US Student Loan Bubble Broken Down By State, And Why Washington D.C. Sticks Out Like A Sore Thumb http://albertpeia.com/studentloanbubblebreakdown.htm

THe MaSTeR & APPReNTiCe... Posted by: williambanzai7 Post date: 05/14/2013 - Power corrupts buffoonery... http://albertpeia.com/theimpeachables.htm

A SceNe FRoM KeYNeSiaN HeLL... Posted by : williambanzai7 Post date: 05/11/2013 - The liar, I mean lair of Beezle Ben... http://albertpeia.com/beezlebensatan.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

5-20-13

7 Things About The Mainstream Media That They Do Not Want You To Know

http://theeconomiccollapseblog.com

http://albertpeia.com/7thingsaboutmainstreammedia.htm

MarketWatch Moody's could downgrade U.S. debt in 2013: report

TiCKeTS FoR THe FiaT BaBY... Posted by : williambanzai7 Post date: 05/20/2013 - "Money power denounces, as public enemies, all who question its methods or throw light upon its crimes."--William Jennings Bryan http://albertpeia.com/thefiatbaby.htm

The Bigger Story Behind the AP Spying Scandal Posted by : George Washington Post date: 05/20/2013 - Use It or Lose It Time for the Constitution and Bill of Rights

Bernanke's Testimony to Congress and FOMC Minutes Preview Posted by: Pivotfarm Post date: 05/20/2013 - Fed chairman Ben Bernanke’s testimony to Congress will be important in setting the tone for the markets (particularly the dollar, equities and US treasuries), as traders hunt for clues on when the...

This Crisis Will Be Over 30 Times Bigger Than Greece Posted by: Phoenix Capital... Post date: 05/20/2013 -  If Japan’s bond market implodes, then global Central Bank efforts to hold the system together will have proven a failure.  

White House Explains: Obama Didn't Know What He Knew When Everyone Else Knew What He Should Have Known Submitted by Tyler Durden on 05/20/2013 - Here is The Hill with the White House's official explanation for what happened: "White House officials were notified of a Treasury Department inspector general report on the IRS but elected not to tell President Obama about it." In other words, neither the IRS was not aware of what is going on (recall the countless "I don't knows" and "I don't recalls") and apparently, neither was the president. And in fact, it was someone else's executive duty to make the decision what the chief executive of the nation is and isn't allowed to know.

Stunning Time-Lapse Video Of 2-Mile Wide Oklahoma Tornado Submitted by Tyler Durden on 05/20/2013 - Courtesy of NBC, here is 10-x sped up footage of the massive 2-mile wide tornado ripping through Oklahoma one short hour ago.

Guess Who The Dirtiest Dirty Shirt Is Submitted by Tyler Durden on 05/20/2013 - We continue to hear that the US is the cleanest dirty shirt or that the US economy is doing 'relatively' well as a reason for buying stocks now. Not only is this plainly incorrect (as we have pointed out rather vociferously in the recent past) it flies the face of the disconnect between macro and markets. The fact of the matter is that year-to-date, the US economic data performance is the equal worst (with Japan) of all major economic nations and regions. That is a bucket-load of hope for the second-half of the year - or, as we noted recently, is it just plain silly.

Oklahoma Tornado Live Feed - "This Is About The Worst Damage I Have Ever Seen" Submitted by Tyler Durden on 05/20/2013 - The devastation from what is being described as a mile-wide tornado is horrifying according to local news. The live feed and raw footage of the aftermath suggests casualty rates will be significantly higher as the evening progresses... "The tornado on the ground right now is huge and has hit through populated areas,"

What Could Possibly Go Wrong Here? Submitted by Tyler Durden on 05/20/2013 - You know it's getting frothy when... "We're seeing many people cash out 401(k)s or IRAs because they want to take advantage of the [real estate] market." As CNNMoney reports, in order to get in on hot housing markets, amateur investors are buying up homes and taking risky measures - like tapping their retirement accounts - to fund the deals. As one adviser noted, "our average client has retirement accounts of about $150,000 and is looking to buy one or two properties," he said. "After 2008, they didn't trust Wall Street. They wanted hard assets." but as with every bubble there is always the greater fool to rely on - "They bought a lot of stuff cheap last year, but now they're paying market value," said Jack McCabe, a Florida-based real estate consultant. "Sometimes they're overpaying... There's no way they can get an 8% return buying at today's market prices." The problem, of course, is amateur investors sometimes spend all their free cash on their purchases, as "a whole lot of the people in the markets are not experts."  If the real estate market turns south again, that could leave a lot of investors in dire financial condition for their golden years.

SACked: Cohen Considers Closing Submitted by Tyler Durden on 05/20/2013 - It appears that the noose is tightening and the wobbly-chair that Steve Cohen is standing on is getting wobblier... As Bloomberg reports, after five years under investigation for insider trading Steve Cohen is considering a 'deal' with prosecutors that would shut his $15 billion fund to outside investors and (as we noted this morning) shift a family (friends and employees) office. *COHEN SAID TO HAVE DISCUSSED DEFERRED PROSECUTION AGREEMENT *COHEN SAID TO CONSIDER RETURNING OUTSIDE INVESTORS' MONEY *COHEN SAID TO CONSIDER CONTINUING AS A FAMILY OFFICE The deferred prosecution is intriguing as "when a company enters into a DPA with the government, or an NPA for that matter, it almost always must acknowledge wrongdoing..." and the clock is ticking with the statute of limitations up at the end of July.

Gold's Best Day In 11 Months As Stocks Close Red - Only 8 Hours To Wait 'Til Tuesday Though Submitted by Tyler Durden on 05/20/2013 - All major US cash equity indices closed an odd shade of 'green' today which some have called 'red' - though only marginally and Treasuries ended the day practically unchanged (with 10Y +1bps). But the real action took place away from these two asset-classes. Precious metals were monkey-hammered at their open overnight but staged a miraculous recovery leaving gold with its best gain since June 2012 (didn't hear too much about that on TV?). Credit markets notably under-performed - never managing to get into the green on the day. VIX rose over 0.5 vols to close back above 13%. On the bright side, only a few more hours until Tuesday...

Artificial Growth Exhibit A: China's Inventory Stockpiling Hits All Time High Submitted by Tyler Durden on 05/20/2013 - Need a quick GDP boost in a world in which the uber levered consumer is tapped out and has no more savings or purchasing power, in which the government is facing an existential socialism or bust crisis even as global sovereign debt levels are at unseens before levels, and in which global trade has collapsed (so there go the C, G and (X-M) components of GDP)? No problem, just add some I for Inventory. Better yet, add a whole lot of I, especially if you are that global growth dynamo, China, which over the years many have accused of having taken the term "overcapacity" and put it through the Barry Bonds juicer yet where courtesy of a central-planning regime that has made sure nothing appears to be unused, except for the occasional ghost city or empty mall, proof of such overcapacity has been scarce in official, government data.

Bernanke "Wealth Effect" Completely Wasted On Trillions In Pension Funds Submitted by Tyler Durden on 05/20/2013 - The last few years have been dominated by one theme and every trade has been a derivative bet on that theme. The idea that by inflating another asset bubble, a wealth effect will ripple through the market to the real economy, encourage animal spirits and spark a renaissance (in something, we are not sure what). Well, so far no good. The real economy, as discussed at length, is not recovering; but the question of just who is benefiting from the wealth effect is unclear. As the following charts across the 100 largest G4 pension plans show, the asset managers have missed the trickle-down. Despite bad (and worsening) under-funding and a Fed repressing 'safe' assets to the point of ultimate risk, G4 pension funds have refused to partake of any mythical 'great rotation', remain avid bond buyers, are as drastically under-funded as ever, and finally, have maintained the same 'cash on the sidelines' for 14 years now...

Guest Post: The New Abnormal Submitted by Tyler Durden on 05/20/2013 - The collective state of mind in the USA these days may be even more peculiar than what went on in Germany in the early 1930s, when the Nazis were freely elected to lead the country and reconstructed the battered national psyche into a superman cult that soon beat a path to mass death and ruin. America has its own way of going crazy. We don't goose-step to tragedy; we coalesce into an insane clown posse and stumble into it by pratfall -- juggaloes dancing backwards off the cliff edge. A subset of our master wish has been on vivid display in recent months, namely the idea that God has blessed the USA with a limitless supply of new oil that will allow us to keep driving to WalMart forever. Most of the current "endless oil" fantasy revolves around shale oil. Apart from the issue of sheer economic suffering and all the damage that will ensue from the realization of the falsehoods and propaganda, consider that it will be generations before anyone believes the "authorities" again.

Goldman "Proves" That "Good News Is Good For Equities, And Bad News Is Good For Equities" Submitted by Tyler Durden on 05/20/2013 - While anecdotally we see again and again that equities rally on bad news (The Fed will save us) and good news (see The Fed saved us), none of that matters until it gets the Goldman Sachs stamp of approval. Sure enough, in a detailed study over the weekend, designed to defend their bullish equity view (specifically financials) and expectations for QE3 to continue to Q3 2014, the bank that does God's work offered up these pearls of statistically sound wisdom: "while equity prices respond more to dovish surprises than hawkish surprises, the results suggest that equity prices typically go up regardless of whether the Fed policy surprise is positive or negative (“good news is good for equities, and bad news is good for equities”). But it is not at all clear why the equity market should systematically buy into this pattern." So rest assured, buying wins; of course, that is, until it doesn't.

Frontrunning: May 20

Submitted by Tyler Durden on 05/20/2013

Obama's Counsel Was Told of IRS Audit Findings Weeks Ago (WSJ)

North Korea fires sixth missile in three days (Reuters)

Enron No Lesson to Traders as EU Probes Oil-Price Manipulation (BBG)

Don't cry for me, Eurozone: Thinking the Unthinkable - Quitting a Currency (WSJ)

H-1B Models Strut Into U.S. as Programmers Pray for Help (BBG)

Gold Bear Bets Reach Record as Soros Cuts Holdings (BBG)

Yahoo has agreed to pay $1.1 billion for Tumblr (WSJ)

JPMorgan Holders Led by Chairmen-CEOs to Vote on Dimon (BBG)

Apple faces grilling over US tax rate (FT)

Nissan to Sell First Joint Minicar to Expand in Japan Market (BBG)

Fierce battle for corporate loans sparks US bank risk concerns (FT)

Microsoft Updates Xbox as Apple to Facebook Gain in Games (BBG)

10 Amazing Charts That Demonstrate The Slow, Agonizing Death Of The American Worker

http://albertpeia.com/deathoftheamericanworker.htm

THe MaSTeR & APPReNTiCe...con't http://albertpeia.com/masterapprentice.htm

THe PRoCToLoGiST MaY 2013... http://albertpeia.com/proctology.htm

FiNaNCiaL TeRRoRiSM AND PoLiTiCaL SeX MaP... http://albertpeia.com/proctology.htm

More Foreclosures and Suicides than During the Great Depression Posted by: George Washington Post date: 05/17/2013 - Read 'Em and Weep

Wal-Mart Warns of a Slowdown Posted by: Phoenix Capital... Post date: 05/17/2013 - So much for the “recovery” theory. If you look at the real economy, things are getting worse and worse. When even Wal-Mart reports that people are spending less (remember that...

IRS Official In Charge During Tea Party Targeting Now Runs Health Care Office Submitted by Tyler Durden on 05/17/2013 - We’d like to say that the following is unbelievable, but it’s not.  Unfortunately, it is all too believable.

10 Scenes From The Economic Collapse That Is Sweeping Across The Planet

http://albertpeia.com/scenesfromeconomiccollapse.htm

An Even Bigger Scandal: Why Are IRS Audits Being Used To Punish Obama’s Political Enemies?

http://albertpeia.com/irsauditsusedonpoliticalfoes.htm

{ The time has come to call a spade a spade because the reality is that they are spades! }

No BaNK DePoSiTS WiLL Be SPaReD FRoM CoNFiSCaTioN Posted by: williambanzai7 Post date: 05/15/2013 - It will come as a shock to all of you to know that such daylight robbery is perfectly legal and this has been so for hundreds of years. http://albertpeia.com/bankdepositconfiscation.htm

Top Constitutional Experts: Obama Is Worse than Nixon Posted by : George Washington Post date: 05/15/2013 - Objective Analysis: Obama Versus Nixon

Stocks Disconnect From Reality... and Every Other Asset Class Posted by: Phoenix Capital... Post date: 05/15/2013 -  Investors, take note… stocks are always the last to “get it.” This bubble will end as all bubbles do: in disaster.  

An Interview With Barack Obama About The IRS Scandal, AP Phone Records And Benghazi

http://albertpeia.com/obummerirsapbenghazi.htm

Gangster State America Paul Craig Roberts | There are many signs of gangster state America. One is the collusion between federal authorities and banksters in a criminal conspiracy to rig the markets for gold and silver.

Judge scolds Trump, attorney during testimony AP { t_rump is such total b***s*** and a total fraud! }

The US Student Loan Bubble Broken Down By State, And Why Washington D.C. Sticks Out Like A Sore Thumb http://albertpeia.com/studentloanbubblebreakdown.htm

THe MaSTeR & APPReNTiCe... Posted by: williambanzai7 Post date: 05/14/2013 - Power corrupts buffoonery... http://albertpeia.com/theimpeachables.htm

A SceNe FRoM KeYNeSiaN HeLL... Posted by : williambanzai7 Post date: 05/11/2013 - The liar, I mean lair of Beezle Ben... http://albertpeia.com/beezlebensatan.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

5-17-13

10 Amazing Charts That Demonstrate The Slow, Agonizing Death Of The American Worker

http://theeconomiccollapseblog.com

http://albertpeia.com/deathoftheamericanworker.htm

THe MaSTeR & APPReNTiCe...con't Posted by: williambanzai7 Post date: 05/16/2013 - We're not going to have another Watergate in our lifetime. I'm sure.--Bob Woodward History does not repeat itself, but it does rhyme.--Mark Twain http://albertpeia.com/masterapprentice.htm

THe PRoCToLoGiST MaY 2013... Posted by : williambanzai7 Post date: 05/17/2013 - And the Sacred Dow... http://albertpeia.com/proctology.htm

FiNaNCiaL TeRRoRiSM AND PoLiTiCaL SeX MaP... Posted by : williambanzai7 Post date: 05/18/2013 - 09:37 Crazy ant version... http://albertpeia.com/proctology.htm

More Foreclosures and Suicides than During the Great Depression Posted by: George Washington Post date: 05/17/2013 - Read 'Em and Weep

Wal-Mart Warns of a Slowdown Posted by: Phoenix Capital... Post date: 05/17/2013 - So much for the “recovery” theory. If you look at the real economy, things are getting worse and worse. When even Wal-Mart reports that people are spending less (remember that...

IRS Official In Charge During Tea Party Targeting Now Runs Health Care Office Submitted by Tyler Durden on 05/17/2013 - We’d like to say that the following is unbelievable, but it’s not.  Unfortunately, it is all too believable.

The 2013 Terrorism & Political Violence Map Submitted by Tyler Durden on 05/17/2013 - The following map (via AON) measures the risk of political violence to international business in 200 countries and territories, based on three icons indicating the forms of political violence which are likely to be encountered: Terrorism and sabotage; Strikes, riots, civil commotion and malicious damage; and Political insurrection, revolution, rebellion, mutiny, coup d'etat, war and civil war.

The S&P 500 Is Now A Gambler's Paradise With 76.9% Up Days In May So Far Submitted by Tyler Durden on 05/17/2013 - Everyone knows the odds of winning in a casino are worse than 50% (often much worse depending on the game played). So who wouldn't rush to a casino where, instead, the odds were overwhelmingly in the gambler's favor? That's the promise of today's stock market, which has been experiencing an aberrantly high percentage of up days all year. Like all good benders though, this is going to end with one heck of a hangover...

Europe's EUR 500 Billion Ticking NPLTime Bomb Submitted by Tyler Durden on 05/17/2013 - Europe's non-performing loan problem is such an issue that there is increasing bluster that the ECB may take this garbage on to its balance sheet since policymakers realize that bad debts and non-performing loans (NPLs) reduce the capacity of banks to lend, hindering the monetary policy transmission mechanism. Bad debts consume capital and make banks more risk averse, especially with respect to lending to higher risk borrowers such as SMEs. With Italy (NPLs 13.4%) now following the same dismal trajectory of Spain's bad debts, the situation is rapidly escalating (at an average of around 2.5% increase per year). With Periphery non-performing loans totaling EUR 720bn across the whole of the Euro area in 2012 and EUR 500bn of which were with Peripheral banks, it seems the Cyprus deposit haircut 'non-template' may indeed become the key template.

Guest Post: The Great "American" Divide Submitted by Tyler Durden on 05/17/2013 - We have often spoken of the disconnect between Wall Street and Main Street.   While asset prices are inflated by continued interventions of monetary policy from the Federal Reserve, boosting Wall Street profits and widening the wealth gap between the top 20% of Americans and the rest, "Main Street" continues to suffer a from a rising cost of living and falling wage growth. "How long can the disconnect last between Wall Street and Main Street?" There is no clear answer for that as consumers have shown a willingness to draw down savings rates to historically low levels while quickly returning to cheap credit forgetting the disaster that it caused them not so long ago.  However, in reality, when you have a family to feed, clothe and house - it really doesn't matter what is logical, but what is necessary, regardless of the consequences down the road.  Of course, for many American's today, the only real difference between now and the "bread lines" of the 30's is that the "bread" is delivered in the mail rather than at the "soup kitchen" on the corner.

How A Last Second Flash Crash Pushed The S&P 500 From 1,667 To 1,666 Submitted by Tyler Durden on 05/17/2013 - Those who were closely following the S&P cash in the last seconds before the close, and who were eagerly looking forward to a satanic close of 1,666, were likely disappointed when in the last 5 minutes of trading the cash index ramped from 1,665 and easily crossed in and out of 1,666, with the final print pointing to a mid-1,667 close. And then something happened: instead of a closing print of 1,667.50, over one point of the cash S&P suddenly was wiped out for no reason, in turn leading to the satisfactory 1,666 closing print or exactly 1,000 points higher than the "generational" lows of 2009. Yet, refreshing the settlement of the S&P500 an hour later, showed that the final closing price was, indeed, 1667.47. So what happened?

US Senate Shows It Has Its Priorities Straight... Submitted by Tyler Durden on 05/17/2013 - Well, you have to admit one thing - the United States Senate certainly has its priorities straight. Summing it up - what governments in Europe and the Land of the Free are telling us this week is:- Beer and Populism: good. Private property rights, freedom, privacy, business, price stability: bad.

Why Bulls Should Fear The "Money On The Sidelines" Submitted by Tyler Durden on 05/17/2013 - Much has been made of equity inflows this week (though we note a significant outflow from high-yield bond funds - just as risk-on in its nature) and once again the money-on-the-sidelines fallacy is hawked at every opportunity. Two critical aspects are important to get past this 'fact' as some positive driver. First, money does not 'enter' the market, it is swapped (e.g. Person A's cash is used to buy shares from Person B; after the transaction the roles are swapped with Person B holding cash on the sidelines and Person A holding shares); and secondly, as Morgan Stanley's Gerard Minack notes, despite all the disclaimers – retail flows assume that past performance is a good guide to future outcomes. Consequently money tends to flow to investments that have done well, rather than investments that will do well.

The Debt Ceiling Is Back Submitted by Tyler Durden on 05/17/2013 - While many may not recall that the US has been without an official debt ceiling for the past three months, or even that it has a debt target ceiling, the bonus period agreed upon in January to let the nation rake up some $400 billion in addition debt in the past few months, officially runs out tomorrow, May 19, when the debt limit will be restored to its previous level plus the debt that was incurred in the interim, which means around $16.735 trillion in total debt as of yesterday, plus the amount incurred today, excluding the debt not subject to the cap which is about $30 billion. And since no grand bargain is forthcoming in a world in which official governance is now almost universally in the hands of the world's central bankers and out of the hands of the theatrical career politicians, it means that the next deadline in the endless US debt ceiling saga will be the day when the extraordinary measures to extend the debt ceiling run out. Such a deadline will likely be hit in just over three months.

The Week That Was: May 13th- May 17th 2013 Submitted by Tyler Durden on 05/17/2013 - Succinctly summarizing the positive and negative news, data, and market events of the week...

Michigan Confidence Soars To Highest Since 2007, Biggest Beat Of Expectations On Record Submitted by Tyler Durden on 05/17/2013 - In a day devoid of any A-grade economic data, the stop hunting GETCO USDJPY algos had no choice but to look forward to such reflexive C-grade indicators as the UMich Consumer Confidence index, where the polled "consumers" are confident if the market is up and the market is up if "consumers" are confident. Sure enough, the USDJPY literally exploded by over 50 pips and broke the 103 level (send the Yen derivative, the S&P500 spiking) when moments ago the UMich index posted a hilarious reading of 83.7, the highest since August 2007, up from 76.4, and smashing expectations of 77.9 by the most in... ever. Whether this was driven by a near record low in consumer savings, by the collapse in real wages, by the deteriorating Q1 retail results such as WalMart's showing consumers are out of cash, or if all this was irrelevant as everyone on the UMichigan rolodex was long Tesla is unknown. It just is what it is because in a world in which collapsing economic data leads to a record high "market", one buys first, buys second, then BTFD if there is D, and only then are questions asked.

RANsquawk Weekly Wrap - 17th May 2013 Submitted by RANSquawk Video on 05/17/2013

Chinese Profitability Squeezed Further By Third Year Of Double-Digit Wage Gains Submitted by Tyler Durden on 05/17/2013 - For the third year in a row (since the crisis) average pay at private companies in China surge by greater than double digits - far outstripping GDP growth. 2012 saw a 17.1% nominal rise in average wages for private companies to Yuan 28,752 per annum (still 9% after inflation) but dispersion remains high with "significant gap among regions, industries and specific jobs in some sectors." The continued rise in wages, as the Wall Street Journal notes, is likely to put further pressure on an already pinched manufacturing and construction sector (which accounts for over 41% of all Chinese employment) especially in low-end and labor-intensive positions. With slowing growth (demand) and rising costs (labor, energy), the profitability of Chinese companies is increasingly tenuous and only hindered by potential actions of the central bank.

Frontrunning: May 17

Submitted by Tyler Durden on 05/17/2013

Mine union threatens to bring South Africa to 'standstill' (Reuters)

Russia Raises Stakes in Syria (WSJ) - as reported here yesterday 

Japan buys into US shale gas boom (FT)

Bill Gates Retakes World’s Richest Title From Carlos Slim (BBG) - so he can afford a Tesla now?

China Wages Rose Sharply in 2012 (WSJ)

Regulators Target Exchanges As They Ready Record Fine (WSJ)

Citi Takes Some Traders Off Bloomberg Chat Tool (WSJ)

After Google, Amazon to be grilled on UK tax presence (Reuters)

Apple CEO Cook to Propose Tax Reform for Offshore Cash (BBG)

French, German politicians to pressure Google on tax (Reuters)

Gold Bears Revived as Rout Resumes After Coin Rush (BBG)

A stretched Samsung chases rival Apple's suppliers (Reuters)

10 Scenes From The Economic Collapse That Is Sweeping Across The Planet

http://albertpeia.com/scenesfromeconomiccollapse.htm

An Even Bigger Scandal: Why Are IRS Audits Being Used To Punish Obama’s Political Enemies?

http://albertpeia.com/irsauditsusedonpoliticalfoes.htm

{ The time has come to call a spade a spade because the reality is that they are spades! }

No BaNK DePoSiTS WiLL Be SPaReD FRoM CoNFiSCaTioN Posted by: williambanzai7 Post date: 05/15/2013 - It will come as a shock to all of you to know that such daylight robbery is perfectly legal and this has been so for hundreds of years. http://albertpeia.com/bankdepositconfiscation.htm

Top Constitutional Experts: Obama Is Worse than Nixon Posted by : George Washington Post date: 05/15/2013 - Objective Analysis: Obama Versus Nixon

Stocks Disconnect From Reality... and Every Other Asset Class Posted by: Phoenix Capital... Post date: 05/15/2013 -  Investors, take note… stocks are always the last to “get it.” This bubble will end as all bubbles do: in disaster.  

An Interview With Barack Obama About The IRS Scandal, AP Phone Records And Benghazi

http://albertpeia.com/obummerirsapbenghazi.htm

Gangster State America Paul Craig Roberts | There are many signs of gangster state America. One is the collusion between federal authorities and banksters in a criminal conspiracy to rig the markets for gold and silver.

Judge scolds Trump, attorney during testimony AP { t_rump is such total b***s*** and a total fraud! }

The US Student Loan Bubble Broken Down By State, And Why Washington D.C. Sticks Out Like A Sore Thumb http://albertpeia.com/studentloanbubblebreakdown.htm

THe MaSTeR & APPReNTiCe... Posted by: williambanzai7 Post date: 05/14/2013 - Power corrupts buffoonery... http://albertpeia.com/theimpeachables.htm

A SceNe FRoM KeYNeSiaN HeLL... Posted by : williambanzai7 Post date: 05/11/2013 - The liar, I mean lair of Beezle Ben... http://albertpeia.com/beezlebensatan.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

5-16-13

10 Scenes From The Economic Collapse That Is Sweeping Across The Planet

http://albertpeia.com/scenesfromeconomiccollapse.htm

An Even Bigger Scandal: Why Are IRS Audits Being Used To Punish Obama’s Political Enemies?

http://theeconomiccollapseblog.com

http://albertpeia.com/irsauditsusedonpoliticalfoes.htm

{ The time has come to call a spade a spade because the reality is that they are spades! }

No BaNK DePoSiTS WiLL Be SPaReD FRoM CoNFiSCaTioN Posted by: williambanzai7 Post date: 05/15/2013 - It will come as a shock to all of you to know that such daylight robbery is perfectly legal and this has been so for hundreds of years. http://albertpeia.com/bankdepositconfiscation.htm

Doug Casey: The Virtues of Capitalism Posted by : Capitalist Exploits Post date: 05/16/2013 - What almost everybody calls capitalism is actually fascism, a system where both consumer and capital goods are privately owned, but they are strictly regulated and controlled. This is a huge...

Bubble Mentality, Now Even In Germany Posted by: testosteronepit Post date: 05/16/2013 - A 'second Economic Miracle' and other psychedelic feats, but inconvenient data gets in the way.

What Happens When the Bond Bull Market Ends? Posted by: Phoenix Capital... Post date: 05/16/2013 -  Bill Gross, who manages the world’s largest bond fund, has indicated that the 30+ year old super cycle bull market in bonds has ended. This is very bad news for the markets.  

Elizabeth Warren Confronts Eric Holder, Ben Bernanke And Mary Jo White On Too-Big-To-Jail Submitted by Tyler Durden on 05/15/2013 - Elizabeth Warren is one of the few Senators out there pushing to understand why the federal government has created an untouchable class of criminals in America that can do whatever they want whenever they want and, not only get away with it, but also get bailed out when they make mistakes. Now she has written a letter to Ben Bernanke, Eric Holder and Mary Jo White.  My favorite line is: “If large financial institutions can break the law and accumulate millions in profits and, if they get caught, settle by paying out of those profits, they do not have much incentive to follow the law.” Indeed, which is why they don’t.  Full letter embedded below.

Just Plain Silly Submitted by Tyler Durden on 05/16/2013 - Presented with no comment... { The time has come to call a spade a spade because the reality is that they are spades! } http://albertpeia.com/silly.htm

Morgan Stanley: "Most Of The Buying Has Come From Shorts Covered Rather Than Longs Bought" Submitted by Tyler Durden on 05/16/2013 - Confirming what we explained recently, Morgan Stanley explains that among its equity long-short fund activity, the short activity (the net of shorts added and shorts covered) reached a minus-2 z-score indicating massive covering over the past 20 days. The last 3 times this occurred were April 2010 (S&P then fell 13% in 8 days), July 2011 (S&P then fell 19% in 23 days), and Oct 2011 (S&P then fell 10.5% in 20 days). Across sectors, Consumer Discretionary has been the most covered over the past week and month. Due to heavy covering, Discretionary short activity fell below a minus-3 z?score as of yesterday (now the highest long/short ratio of all sectors). It is worth keeping in mind, MS add, that historically speaking, the sector with the highest long/short ratio has often gone on to underperform over the following 6?12 months. This covering has driven median net leverage up to 64% (its 97th percentile of post crisis levels). Money-on-the-sidelines!! not so much... Massive short-covering rally - yes...

Philly Fed Misses, Key Indicators Negative Across The Board: Employment Index Lowest Since September 2009 Submitted by Tyler Durden on 05/16/2013 - It's just getting plain stupid out there. Just as stocks were exploding into the green (perhaps on expectations of an epic Philly Fed miss), the Philly Fed did not disappoint, printing at -5.2, down from 1.3, and crushing expectations of an increase to +2.0, the biggest miss since February and confirming that the Empire Fed index plunge was not a fluke. Virtually every components in the Philly Fed was red except for Inventories (up to 4.1 from -22.2 in March) and Prices Paid (up to 6.9 from 3.1 in March). Among the plungers, the key New Orders tumbled from -1.0 to -7.9, Shipments crashed from 9.1 to -8.5, Average Workweek slide from -2.1 to -12.4, and the Number of Employees imploded from -6.8 to -8.7, the lowest print since September 2009. And if all of this doesn't send the Stalingrad & Poor 500 to new historic highs, we don't know what will. All one can do now is just laugh at this "market."

Tragic Trifecta: Initial Claims Soar, Housing Starts Plunge, CPI Below Expectations Submitted by Tyler Durden on 05/16/2013 - We didn't really need a confirmation that the economy was deteriorating and completely disconnected from the "market", but we got it nonetheless. First, Initial Claims coming at 360K, on expectations of 330K, the worst print and worst miss in six weeks, confirming that weekly data is largely noise and that there is no sustainable downward trend. The May 11 weekly print adjusted and unadjusted were 360K and 318K respectively, virtually unchanged from a year ago at 373K and 325K, showing that in one year there has been essentially no progress, and that weekly initial claims of 350K is the new normal. Of course, the last week's print was also revised higher from 323K to 328K, while initial claims also missed expectations of a round 3MM print, instead printing at 3009K.

Multifamily Starts Suffer Biggest Monthly Plunge Since 2006: Is The REO-To-Rent "Recovery" Dead?Submitted by Tyler Durden on 05/16/2013 - It is no secret that in addition to the well-known phenomenon of "foreclosure stuffing", one of the primary drivers of the artificial housing "recovery" has been the surge of hedge funds and asset managers into purchases of rental units courtesy of near-zero cost REO-to-rent federal lending facilities, which have taken out distressed inventory from the market in hopes of converting it into rental. This has manifested in a surge in multi-family starts which have been the primary driver behind the rise of housing starts in the past several years, even with single-family units barely moving higher. All this despite Och Ziff making the case loud and clear late last year, that the days of profitability of this strategy have come and gone. Today we got the first confirmation that other asset managers may have finally given up on the rental conversion strategy, following the observed collapse in multi-family housing starts which crashed from 376K to 234K in April (the lowest since last summer), a drop of 142K and the worst monthly drop since 2006 when the housing market had once again peaked and was about to undergo a very serious correction.

S&P Downgrades Berkshire From AA+ To AA, Outlook Negative Submitted by Tyler Durden on 05/16/2013 - Obviously with Buffett a major shareholder of Moody's, the only place where a downgrade of Berkshire could come from was S&P. Moments ago, the rating agency that dared to downgrade the US for which it is being targeted by Eric Holder's Department of "Justice", did just that.

"America, The Dependent"Submitted by Tyler Durden on 05/16/2013 - Perhaps instead of "America, The Brave", a more appropriate description of what the USA has become would be (judging by the following chart) "America, The Dependent".

Fed Unleashes Another Taper Hint... Or Not Submitted by Tyler Durden on 05/16/2013 - Last week it was Fed's WSJ lapdog hinting at a tapering. Now it is up to the Fed's own John Williams to provide an even stronger hint at what may be coming as soon as this summer. From Bloomberg: *WILLIAMS SAYS FED MAY REDUCE QE IN SUMMER, HALT BY YEAR END However, promptly following this is the following headline which we can only hope has a typo in it: *WILLIAMS: UNEMPLOYMENT WON'T FALL BELOW 6.5% UNTIL MID-2105 (er, sic?) And just to confuse everyone, as the Fed enjoys doing, here is the conclusion: * WILLIAMS SAYS SLOWING QE WOULDN'T MEAN TIGHTENING IN POLICY Bottom line: nothing will change.

Santelli On The Reality Of The Rotten Heart Of Europe Submitted by Tyler Durden on 05/16/2013 - This morning we were treated, once again, to confirmation that Europe is still in the middle of a deepening crisis. No, this was not a reflection of the terrible data, it was Mr. Hollande's insistence that "the crisis is behind us." Luckily we have a foil for this idiocy. Bernard Connolly, author of 'The Rotten Heart of Europe' explains to CNBC's Rick Santelli, "the point is that the union has produced this disaster; and the people who put the disaster in place hail it as a success. are they crazy? If they are, that's pretty disturbing! If they're not crazy, then the question of why they have done it is more disturbing." In a few brief minutes, uninterrupted by an anchor desperate for silver linings, Connolly explains to Santelli when asked of the future, that nothing will change in the short-term, "the potential ways of getting out of the mess are simply unthinkable," to both beggar and chooser, adding that "you have a cycle of deflation, depression, default, more banking crisis, more sovereign debt crisis, and social and political crisis." Simply put, Connolly concludes on social unrest, "I don't see any way of avoiding it."

Bill Gross: "We See Bubbles Everywhere"Submitted by Tyler Durden on 05/16/2013 - It is only logical that when one of the smarter people in finance warns that he "sees bubbles everywhere" that he should be roundly ignored by those who have no choice but to dance. Because Bernanke and company are still playing the music with the volume on Max, and if not for POMO there is always FOMO. However, if there is any doubt why this "rally is the most hated ever", here are some insights from the Bond King from an interview with Bloomberg TV earlier today: "We see bubbles everywhere, and that is not to be dramatic and not to suggest they will pop immediately. I just suggested in the bond market with a bubble in treasuries and bubble in narrow credit spreads and high-yield prices, that perhaps there is a significant distortion there. Having said that, it suggests that as long as the FED and Bank of Japan and other Central Banks keep writing checks and do not withdraw, then the bubble can be supported as in blowing bubbles. They are blowing bubbles. When that stops there will be repercussions. It doesn't mean something like 2008 but the potential end of the bull markets everywhere. Not just in the bond market but in the stock market as well and a developing one in the house market as well."

Frontrunning: May 16

Submitted by Tyler Durden on 05/16/2013

As scandals mount, White House springs into damage control (Reuters)

Glencore Xstrata chairman ousted in surprise coup (Reuters), former BP CEO Tony Hayward appointed as interim chairman (WSJ)

JPMorgan Chase asks Bloomberg for data records (Telegraph)

Platts Retains Energy Trader Confidence Amid Price-Fix Probe (BBG)

Syrian Internet service comes back online (PCWorld)

Japan Q1 growth hits 3.5% on Abe impact although fall in business investment clouds optimism for recovery (FT)

Soros Joins Gold-Stake Cuts Before Bear Market Drop (BBG)

Factory Ceiling Collapses in Cambodia (WSJ)

Sony’s $100 Billion Lost Decade Supports Loeb Breakup (BBG)

Snags await favourite for Federal Reserve job (FT)

James Bond’s Pinewood Turned Down on $300 Million Plan (BBG)

Wal-Mart Misses Revenue, Guides Below Expectations: Weather Among Factors Blamed Submitted by Tyler Durden on 05/16/2013 - Remember when several months ago Wal-Mart leaked just how weak the economy was and that sales had been a "total disaster" (a piece of truthiness that promptly led to the termination of the leak source)? Guess what: they were not lying. Moments ago WMT reported Q1 results, which at the easily fudged bottom line were just in line with expectations, ot $1.14 driven by $2.2 billion in stock repurchases (30 million shares). However, it was sales, as warned, that came in well weaker than expected, posting at $114.2 billion on expectations of $116.1 - just as the guy warned. It gets worse: *Q2 EPS expected in the range $1.22-$1.27, on expectations of $1.29 *Q1 comps ex-fuel -1.2% vs Exp. 0.4% *Sam's Club implements first fee increase since 2006: raises membership fee to $45 nationwide *During the 13-week period, the Walmart U.S. comp was negatively impacted by a delay in tax refund checks, challenging weather conditions, less grocery inflation than expected and the payroll tax increase. Comp traffic was down 1.8 percent, while average ticket increased 0.4 percent. From the CFO, Charles Holley: "Although we believe our company will leverage expenses for the year, the second quarter will be challenging, given expense pressures in International and our corporate area.

Top Constitutional Experts: Obama Is Worse than Nixon Posted by : George Washington Post date: 05/15/2013 - Objective Analysis: Obama Versus Nixon

Stocks Disconnect From Reality... and Every Other Asset Class Posted by: Phoenix Capital... Post date: 05/15/2013 -  Investors, take note… stocks are always the last to “get it.” This bubble will end as all bubbles do: in disaster.  

An Interview With Barack Obama About The IRS Scandal, AP Phone Records And Benghazi

http://albertpeia.com/obummerirsapbenghazi.htm

Gangster State America Paul Craig Roberts | There are many signs of gangster state America. One is the collusion between federal authorities and banksters in a criminal conspiracy to rig the markets for gold and silver.

Judge scolds Trump, attorney during testimony AP { t_rump is such total b***s*** and a total fraud! }

The US Student Loan Bubble Broken Down By State, And Why Washington D.C. Sticks Out Like A Sore Thumb http://albertpeia.com/studentloanbubblebreakdown.htm

THe MaSTeR & APPReNTiCe... Posted by: williambanzai7 Post date: 05/14/2013 - Power corrupts buffoonery... http://albertpeia.com/theimpeachables.htm

A SceNe FRoM KeYNeSiaN HeLL... Posted by : williambanzai7 Post date: 05/11/2013 - The liar, I mean lair of Beezle Ben... http://albertpeia.com/beezlebensatan.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

5-15-13

10 Scenes From The Economic Collapse That Is Sweeping Across The Planet

http://theeconomiccollapseblog.com

http://albertpeia.com/scenesfromeconomiccollapse.htm

Top Constitutional Experts: Obama Is Worse than Nixon Posted by : George Washington Post date: 05/15/2013 - Objective Analysis: Obama Versus Nixon

The Hollowing Out Of Chinese Manufacturing Posted by: testosteronepit Post date: 05/15/2013 - The great American manufacturing renaissance? Maybe not. But China is losing the low-wage edge.

Stocks Disconnect From Reality... and Every Other Asset Class Posted by: Phoenix Capital... Post date: 05/15/2013 -  Investors, take note… stocks are always the last to “get it.” This bubble will end as all bubbles do: in disaster.  

An Interview With Barack Obama About The IRS Scandal, AP Phone Records And Benghazi

http://theeconomiccollapseblog.com

http://albertpeia.com/obummerirsapbenghazi.htm

Uncharted Territory Cannot Go On Forever Submitted by Tyler Durden on 05/15/2013 - The greatest disconnect in the world today is the underlying economies of the world and the markets; all of the markets. This river is wide and getting wider given the money that the central banks are pushing downstream. The flood has reached all of the markets, Real Estate, the banks, many corporations, any and all borrowers with our incredibly low interest rates, but it has had little impact on the Main Streets of the planet. There is, in fact, a bubble of epic proportion.

Deja Deja Deja Vu - Final Hour Ramp Closes Stocks At All Time Highs Submitted by Tyler Durden on 05/15/2013 - Despite (or in fact 'due to' in this alice-through-the-looking-glass market) terrible data overnight in Europe and weak data this morning in the US, equities went from strength to strength thanks to a pre-European POMO vertical liftathon that pulled equities 1% higher on nothing (nothing at all). This faded but was helped into the close by a JPY-driven spurt to hold above 1650 in the S&P 500 at another all-time high (intraday) and close. Behind the scenes it was a mess though. Treasuries rallied (after recoupling with stocks) and did not play in the final hour frolicking. VIX ended the day higher (and notably divergent). High-yield credit closed weaker and credit markets are significantly divergent now as releveraging begins to bite. The USD pushed on to new highs intraday (highest since July 2010) which we are sure will help earnings. While the market has done its best to pressure the oil markets lower, today saw WTI gush higher back over $94 once again. The big story is in gold and silver which were jerked lower at around the US open (ending the day down 3.8% and 5.6% respectively on the week). As a reminder for those calling for the death of gold - AAPL is down over 8% in the last 3 days (the death of AAPL?).

Industrial Production, Capacity Utilization Both Miss: Good Weather BlamedSubmitted by Tyler Durden on 05/15/2013 - And the hits just keep on coming.Following today's misses in PPI and Empire Fed, it was up to the Fed's April report of Industrial Production and Capacity Utilization to provide at least some validity to Tepper's latest CNBC preachings. Alas, that did not come and moments ago we got the latest disappointments as IP dropped -0.5% on expectations of a -0.2% drop, driven by a drop in Manufacturing Production which dropped 0.4%, despite expectations of a +0.1% increase. Utilities sliding -3.7% did not help the headline print but at least it allowed the Fed to, you got it, blame the weather, only this time there is a twist: the Fed actually blamed the weather for not being as bad as it was in March for the slack in Utility production. One really can't make this up. And confirming that the slack in the economy is structural and not cyclical as the Fed would wants us to believe was the Capacity Utilization print which tumbled from 78.3% to 77.8%, the lowest since January, and resulting from a decline in both Manufacturing and Utilities utilization.

Subprime 2.0 - Auto Loan Deliquency Balances Rise 24% YoY Submitted by Tyler Durden on 05/15/2013 - As we warned six weeks ago, the Fed's ZIRP side-effects have driven auto-lenders to scrape the bottom of the subprime-lending barrel once again (loans to subprime borrowers +18% YoY). It seems, based on the Fed's latest data, that this over-exuberant lending is coming back to bite once again as delinquent balances surge 23.9% year-over-year (though optimistically Experian reflects "obviously, we never want to see a rise in delinquencies or repossessions, but... they are still lower than the recession-level rates,"). As Experian also notes today, repossessions rose 16.9% year-over-year. All this as lending volumes overall rose 9.6% to $726 billion in Q1 2013 but average charge-off amounts rose by 9.8% to $7,401 on each defaulted loan - and the worse is yet to come, as "we continue to move forward, we should start to see more increases as some of the subprime loans coming onto the books begin to deteriorate." This will end well.

Five Charts To Start The DaySubmitted by Tyler Durden on 05/15/2013 - 09:01 It would appear that the credit markets both anticipated and began to price in what is now the worst recessionary period for the European Union on record a few days ago. However, their exuberant, ever-hungry colleagues over in equity land remain in the bad is good mode and can't get enough of these higher prices. Where ever we look around the developed world, equity prices are lifting as credit deteriorates. The masses ignored these lessons in 2007; are they ignoring it again? Or is this just another short-term divergence? If so, it is bond-buying time... if not, take your equity profits now because these divergences are unsustainable.

Producer Prices Plunge, Empire Fed Slides To First Negative Print Since JanuarySubmitted by Tyler Durden on 05/15/2013 - One of these days we might just get a positive economic print, of the kind that the meandering Tepper was saying is visible everywhere now. Just not yet. Moments ago we got the releases of the May PPI and the Empire Fed, the first of which dropped -0.7%, on expectations of a -0.6% drop, the lowest MoM PPI since July 2009. Technically, this is bullish for the E-Trade baby as it gives the Fed carte blanche to continue QEternity as long as needed. But it was the Empire Fed index that was even more disappointing, as it crushed hopes for an increase from 3.05 to 4.00 in May, instead posting the first contractionary print since January, printing at -1.43. It gets worse when one digs through the data: New Orders dropped from 2.20 to -1.17, Shipments also slid into negative from 0.75 to -0.02, Unfilled Orders deteriorated even more from -3.41 to -6.82, Inventories contracted from -4.55 to -7.95, Prices Paid and Received both contracted, but worst of all, the Average Employee Workweek dropped from 5.68 to -1.14, meaning the collapse in the average workweek persists, and even if the BLS reports a positive print for May, the report will once again mask the declining aggregate end demand for labor.

Bank Of Japan Head:"No Bubble Here" As Nikkei Rises 45% In 2013 Submitted by Tyler Durden on 05/15/2013 - Take a good look at the chart of the Nikkei below. Supposedly this is the same chart that the new BOJ head, Haruhiko Kuroda, was looking at when he was responding to Japanese lawmakers during a session of the upper-house budget committee, where he flatly rejected an opposition-party member's argument that the recent rapid rise in the Tokyo stock market is out of line with Japan's real economy. "At this moment I do not think they are in a bubble," Kuroda said. And everyone believes him, just Because central bankers are so good at objectively observing how contained subrpime is big the asset bubbles their ruinous policies create.

France Double-Dips As European Recession Is Now Longest On Record Submitted by Tyler Durden on 05/15/2013 - Confirming that in a world in which either commercial or central banks have to be constantly be churning out debt, and in a world in which Europe is doing neither (with European commercial loan growth posting sequential declines across the board, and the ECB's balance sheet still declining although likely not for long), "growth" as defined by conventional standards, is impossible, we got today's European Q1 GDP data. Not only was it bad, but it was even worse than most had expected.

Frontrunning: May 15

Submitted by Tyler Durden on 05/15/2013

Once a beacon, Obama under fire over civil liberties (Reuters)

Eurozone in longest recession since birth of currency bloc (FT)

EU Oil Manipulation Probe Shines Light on Platts Pricing Window (BBG)

BMWs Cheaper Than Hyundais in Korea as Tariffs Crumble (BBG)

Stock Boom Isn't a Bubble, Says BOJ's Kuroda (WSJ)

Struggling France strives to shake off economic gloom (FT)

JPMorgan investors take heat off Dimon (FT)

Private-Equity Firms Build Instead of Buy (WSJ)

Bloomberg Saga Highlights Clash Between Two Worlds (WSJ)

Bank documents portray Cyprus as Russia's favorite haven (Reuters)

HSBC Signals 14,000 Jobs Cuts in $3 Billion Savings Plan (BBG)

Argentines Hold More Than $50 Billion in U.S. Currency (BBG)

Futures Rise As European GDP Declines At Worst Annual Pace Since 2009

Submitted by Tyler Durden on 05/15/2013 - So much for Europe's "recovery." In a quarter when the whisper was that some upside surprise would come out of Europe, the biggest overnight data releases, European standalone and consolidated GDPs were yet another flop, missing across the board from Germany (+0.1%, Exp. 0.3%), to France (-0.2%, Exp. 0.1%), to Italy (-0.5%, Exp. -0.4%), and to the entire Eurozone (-0.2%, Exp. 0.1%), As SocGen recapped, the first estimate of eurozone Q1 GDP comes in at -0.2% qoq, below consensus of a 0.1% drop. The economy shrank by 1.0% yoy, the worst rate since Dec-09. The decline of 0.5% qoq in Italy means that the economy has been in recession continuously since Q4-11. A 0.2% qoq drop in France means the economy has ‘double-dipped’, posting a second back-to-back drop in GDP since Q4-08. The increase of 0.1% qoq in Germany was disappointing and shows the economy is not in a position to support demand in the weaker member states (table below shows %q/q changes).

House panel set to OK cut in food stamp program

hosted.ap.org | House bill would cut about $2.5 billion a year.

The US Government Will Make A Record $51 Billion Off Student Loan Debt This Year

Business Insider | Student loan debt is now one of the Obama Administration’s biggest cash cows.

The Eurozone Enters Its Longest Ever Slump

Business Insider | Fresh European GDP data is out today, and it reinforces what a terrible slump Europe and the Eurozone are in.

Financial Privacy Under Fire: DHS Freezes Bitcoin Money Transfers

Mac Slavo | Financial privacy free of government intrusion and interference is dead.

Pelosi Tells a Whopper

Prison Planet.com | Without a shred of evidence, Pelosi claims that Obamacare is reducing the deficit.

Michigan District Fires All Teachers, Closes Every School

Yahoo! News | Summer break has started very early for kids in one Michigan school district.

Gangster State America

Paul Craig Roberts | There are many signs of gangster state America. One is the collusion between federal authorities and banksters in a criminal conspiracy to rig the markets for gold and silver.

Judge scolds Trump, attorney during testimony AP { t_rump is such total b***s*** and a total fraud! }

The US Student Loan Bubble Broken Down By State, And Why Washington D.C. Sticks Out Like A Sore Thumb http://albertpeia.com/studentloanbubblebreakdown.htm

THe MaSTeR & APPReNTiCe... Posted by: williambanzai7 Post date: 05/14/2013 - Power corrupts buffoonery... http://albertpeia.com/theimpeachables.htm

A SceNe FRoM KeYNeSiaN HeLL... Posted by : williambanzai7 Post date: 05/11/2013 - The liar, I mean lair of Beezle Ben... http://albertpeia.com/beezlebensatan.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

5-14-13

10 Scenes From The Economic Collapse That Is Sweeping Across The Planet

http://theeconomiccollapseblog.com

http://albertpeia.com/scenesfromeconomiccollapse.htm

The US Student Loan Bubble Broken Down By State, And Why Washington D.C. Sticks Out Like A Sore Thumb Submitted by Tyler Durden on 05/14/2013 - Curious how the student loan bubble, just shy of $1 trillion, and now the largest debt portion of the US household non-mortgage wallet,  bigger than credit card and auto loan debt - affects your state? Then the following three charts just out from the NY Fed are for you. What the data shows is that less than 12% of the population in Hawaii has student loans, while the record is in D.C. at over 25%. All those "students" in the nation's capital. Really? But that's not all. While the average loan balance is under $21,000 in Wyoming, it is once again highest in D.C., with the average loan balance over $40,000. It is almost as if D.C. "students" have learned how to game the system. http://albertpeia.com/studentloanbubblebreakdown.htm

THe MaSTeR & APPReNTiCe... Posted by: williambanzai7 Post date: 05/14/2013 - Power corrupts buffoonery... http://albertpeia.com/theimpeachables.htm

5 Reasons that Both Mainstream Media – and Gatekeeper “Alternative” Websites – Are Pro-War Posted by : George Washington Post date: 05/14/2013 - Why There Is So Much Pro-War Reporting

Japan’s Vacant And Abandoned Houses: Visions of Detroit Posted by: testosteronepit Post date: 05/14/2013 - Not even the most prodigious and reckless money-printing binge can fix it

IRS To Conservatives: "Provide Details Regarding All Of Your Facebook Or Twitter Activity" Submitted by Tyler Durden on 05/14/2013 - It has become difficult to keep track of all the different "-gates" the Obama administration has suddenly found itself embroiled in: perhaps an appropriate name would be Gate-r-gate? And with the just concluded farce in which Jay Carney passed off all AP-related questions to Eric Holder, who in turn recused himself and told the media to please crucify the Deputy AG instead, it is unlikely that any material new information will be disclosed any time soon. However, courtesy of The Hill, we at least have some insight into the first gross offense by the administration revealed last week: the targeting of one political group over another by the supposedly impartial IRS. Specifically, attached below is the full 7 page questionnaire sent by the IRS to the Liberty Township Tea Party containing a list of 35 questions.

Guest Post: Technocratic Folly: Why Men Will Never Become Gods Submitted by Tyler Durden on 05/14/2013 - When we look at the entire summation of elitist efforts to remake the world, all we see is a naïve reorganizing of a much greater work of art.  Life is not perfect, at least, not by our definition, but life is also not a science; it is an emotional creation, with an emotional and spiritual brand of “logic”.  In reality, they believe in engineering future trends.  The elites want godlike power, but the greatest power of god is to create from nothingness.  Technocrats do not create.  Instead, they violently scoop up what already exists and fumble with it wildly, stupidly, fancying themselves omnipotent, like children lording over the ocean while pretending it’s a fish tank. They do not comprehend the substance of what they meddle in, and this is their greatest downfall.  You cannot improve on something you do not understand. Fundamental unknowns derail the pursuit of full knowledge, and thus, full control.  The universe has its own checks and balances in place to counter the ambitious, striking down thirsty faux gods who reach too high for what they do not respect, and will never deserve.

CBO Forecasts: Then And NowSubmitted by Tyler Durden on 05/14/2013 - Or how a forecasted surplus turned out to be a $1+ trillion deficit in three short years...

Late Ramp Pushes S&P To Close At Now Standard All Time HighSubmitted by Tyler Durden on 05/14/2013 - Thanks to POMO (and the simple explanation of what everyone already knows from David Tepper), the 18th Tuesday in a row has closed with a bright green shade across the screen. Trannies gained 2% but the 25 point gain off overnight lows for the S&P 500 is the most impressive... with gains sustained by more short covering. As predicted first thing today, when we said the S&P 500 EPS multiple will increase by at least 0.15x on the back of POMO, we were not surprised to see the closing print result in precisely this amount of multiple expansion:A QE-unwind theme was modestly evident in other asset-classes: Treasuries (snapping higher after EU Close); Oil, gold, and silver all down; and credit spreads notably rolled over. But of course, equities don't care; why would they?

2007 Deja Vu As Bond Issuers Game Rating Agencies Once Again Submitted by Tyler Durden on 05/14/2013 - With home prices rising at near-record paces in SoCal, corporate debt yields at record-lows, equity markets surging at near-record rates, and high quality assets dwindling by the minute under the heel of a central bank jack boot; it is perhaps no surprise that investors have switched from finding leverage through the balance sheet (i.e. crappy quality firms) to finding leverage through the instrument (i.e. structured credit). The trouble this time is that yields (and spreads) being so low, the creators of the new-normal ABS, CDOs, and CLOs have to stoop to the old tricks to make their money (as we noted here). As Bloomberg reports, bond issuers are once agains exploiting the credit rating agency pay-for-performance business model to create "high-quality" collateralizable assets from utter garbage - such as auto loans.

Guest Post: A Brief History Of Cycles And Time, Part 2 Submitted by Tyler Durden on 05/14/2013 - History never changes. Or, at least it changes very slowly indeed. So here we are, like those before us, warning of our own Great Depression, of our own World War, or of even larger cycles like the fall of the English, Spanish, or Roman empires. And so far as we can tell, few listen and nothing changes. Why? Because it isn’t time. Understanding long-term cycles, and how they shape our spectrum of responses in periods of crisis and transformation is key to comprehending what is to come (and how we will allow it to affect us). Do you really think your ancestors didn’t see the Depression coming in 1921 or in 1929? Of course they did. The Balloon Option-ARM mortgage had just been invented, creating a housing boom larger and even more groundless as our own, immortalized by the Marx Brothers in The Cocoanuts. They warned the world then just as we do now, and no one listened then, just as they don’t now. Why? It wasn’t time.

Argentina Peso Gap Between Official And Black Market Rate Hits To 100%, BMWs Become Inflation HedgeSubmitted by Tyler Durden on 05/14/2013 - Despite efforts by the government to quell the black-market (or blue-dollar) for Argentina's foreign exchange, the unofficial rate surged yesterday to 10.45 Pesos per USD. This is now double the official rate of 5.22 Pesos per USD. This implicit 50% devaluation comes amid the growing realization that there is no savings option to maintain the purchasing power of the peso in the context of sustained high inflation (no matter what the officials say) and negative real interest rates. The government is not amused, suggesting the devaluation won't happen (just as Mexico did right up until the day before they devalued), "those who seek to make money at the expense of devaluations must wait for another government." Perhaps the government should be careful with their threats? And of course, this could never happen in the US or Japan, right?

AG Holder To Recuse Himself From AP Leak-Gate Investigation Submitted by Tyler Durden on 05/14/2013 - From one farce to another: *HOLDER SAID TO RECUSE HIMSELF FROM AP PHONE RECORDS CASE *HOLDER SAID TO RECUSE HIMSELF BECAUSE HE WAS QUESTIONED IN CASE Yesterday, the Associated Press revealed the Department of Justice had been secretly monitoring both the personal and work phones of numerous AP editors and reporters. So just what did Holder know? For now, it is not known if Holder authorized or even knew about the investigation.

The Market Isn't Prepared For This Submitted by Tyler Durden on 05/14/2013 -Yesterday was another less than convincing session. Indices off recent tops and Europe weaker. Treasuries tumbled then rallied part way back on less than stellar retail sales report. It rather feels like we are going through the motions with little conviction one way or another (even with today's mini-melt-up). Markets crave direction. What I'd like to see is the JGB curve bull-flatten to restore faith in Global easing and the asset grabathon. Don’t fight Kuroda – it will happen.. but when? That's the macro-trade. But the short-term trade may be to hedge some risk, like the Nikkei's recent gains, and think about how to hedge bursting bubble risks in the credit markets. Or is there something bigger going-on just behind the horizon? A "No-See-Em" that is about to confirm a particular market direction? After all... the global economy is either growing, is set for growth, or this recession is becoming a long-term depression. So let’s take a look at what's going on for signs of the hidden menace...

White House Holds Press Briefing: Will AP Questions Be Permitted? Submitted by Tyler Durden on 05/14/2013 - Will it be Benghazi? or the IRS Witch-Hunt? Or the AP Hack? Or how great the economy must be doing since stocks are surging? Or will anyone who asks questions be subject to immediate audit? Or are all questions moot? After all the White House knows precisely what will be asked long in advance...

PIMCO's Bill Gross Goes ChurchillianSubmitted by Tyler Durden on 05/14/2013 When the head of the world's largest bond fund starts paraphrasing war-time phrases, you know nothing is what it seems... It seems to us that this can only end one way and the fight on the beaches this time will be between economic reality and central-bank-inspired mass hypnosis.

Households Cut Another $110 Billion In Debt Even With $577 Billion In Q1 Mortgages Originated: Most Since 2007 Submitted by Tyler Durden on 05/14/2013 - It is not immediately clear how much of the net drop in mortgage balances from $8.033 trillion to $7.932 trillion was due to defaults as opposed to actual pay downs and non-credit rating impairing deleveraging. We do know that a whopping $577 billion in new mortgages were opened in Q1, the highest since Q3 of 2007.  Which means that some $680 billion in mortgages should have been extinguished in one quarter. If this happened primarily via defaults and discharges, one can only wonder just how the bank balance sheets were not decimated in Q1. As a reminder, half a year ago we observed that the bulk of US mortgage debt reduction has come from defaults not from actual deleveraging.

Is Lumber The New Baltic Dry? Submitted by Tyler Durden on 05/14/2013 - Lumber is limit down once again. It has been falling now for two months in a very 'non-housing-recovery'-like manner. Of course, when Lumber prices are rising, everything is bullish and it merely serves to confirm the exuberance and bias to optimism that we should all have. However, just like the Baltic Dry Index, when it's falling it is a bullish sign that the market is over-supplied in anticipation of good things to come. With Lumber's two-month lead over stocks signaling the equity market may well be a little ahead of itself, it seems the supply-demand balance is off in the construction materials business (which one is off - supply or demand) but have no fear, just as with the Baltic Dry, it will come back if we just keep hoping. Or did the actions of a central-bank inspire confidence once again in the 'wrong' industry and spark another mal-investment boom?

Nasdaq-100 Breaks 3000, First Time Since 2000 Submitted by Tyler Durden on 05/14/2013 -Up 195% from the Nov 2008 lows, the Nasdaq-100 has now broken back above the magical 3000 level. A level first seen in Nov 1999 (back then it took 4 more weeks to hit 4000). How long until CNBC adds a countdown timer to the Nasdaq all-time high?

POMO + Tepper + Tuesday = Total Equity Disconnect Submitted by Tyler Durden on 05/14/2013 - It's Tuesday. It's a big POMO day. And sure enough, equities are in full-tilt melt-up mode. In the face of a stronger USD, rallying bond market, higher VIX, and widening credit spreads, the S&P 500 has smahed through yet another set of stops, squeezed shorts wherever you can see, and made new all-time highs. Mardi Gras indeed... though one wonders what happens when Europe closes and POMO is over. Will USDJPY 102 mark the 'top' in stocks today?

Despite Abenomics Japan's Sharp Post Biggest Loss In 100 Years Submitted by Tyler Durden on 05/14/2013 - 1As reported earlier, at least one prominent hedge fund manager, Dan Loeb, is very bullish on Sony (or at least has played his cards well enough to buy the stock 50% lower and is using today's ramp to offload to unwitting momentum chasers as he did with Herbalife). Whether he is merely using the opportunity to earn some activism brownie points on the background of the overall levitation of the Japanese stock market, or is genuinely convinced there is upside for Sony remains to be seen. However, anyone who thinks that Japanese corporates have no place to go but up, is kindly urged to take a look at one-time Japanese electronics titan Sharp, which posted a whopping loss of $5.36 billion, the biggest loss in the company's 100 year history.

Michigan School Shuttered After Taking Money For Services Not Provided Submitted by Tyler Durden on 05/14/2013 - The Buena Vista school district in Michigan accepted $402,000 of aid over three months from the state for a service is was not providing. As RT reports, the school district has taken the drastic steps of firing all of its teachers and shuttering its classrooms before the end of the school-year as the state tries to claw back (or seek an alternative plan) its ill-gotten gains. "We've hit a dead end," the local school district explains, unable to help the school of 400 mostly black and poor students, explaining that they are hesitant to bailout school districts and set a bad precedent. One parent exclaimed, "Our kids ain't really learning like they used to," adding that, "being out of school this early is going to hurt them a lot." The local democratic Representative  added helpfully, "we know from past history that students have been treated differently - going back to Brown vs Board of Education." Buena Vista teachers had offered to work without pay for a week, but that was not enough to keep the district's schools open. Instead, the district may offer a “skills camp,” a voluntary substitute paid for by federal grants, and run six hours per day for up to six weeks.

Russia Captures US Embassy Worker In Act Of CIA Recruitment; CIA's "Dropbox" Gmail Address Revealed Submitted by Tyler Durden on 05/14/2013 - Following the just concluded recent visit by John Kerry to Russia, one may have been left with the impression that the tensions of the Cold War are dead and buried. Just the opposite it appears. In what may be a well-timed and orchestrated announcement, moments ago Russia announced that it had caught an American, Ryan Fogle, a third-secretary at the US Embassy in Moscow, "red-handed" as he tried to recruit a Russian intelligence officer to work for the CIA. There goes any leverage the US may have had in attempting to persuade Russia to relent on the joint-Western push to "liberate" Syria. Just as Russia, run by a former KGB spy, had intended all along, and just another slap in the face of the US department of state, which lately can't seem to find its way out of a scandal-ridden (and redacted) paper bag to save its life. But perhaps most amusing is that in the attached letter given to the recruitment prospect, the CIA give out the email address to be used to indicate interest in working for Langley as follows: unbacggdA@gmail.com. How the times have changed.

Frontrunning: May 14

Submitted by Tyler Durden on 05/14/2013 - 07:41

Controversies give Obama new governing headaches (Reuters)

About that Capex... BHP to Rein In Investment, Chief Says (WSJ), considers returning cash to shareholders (FT)

Bloomberg users’ messages leaked online (FT)

Japanese mayor sparks China outrage with sex-slave remarks (Reuters)

Economists Cut China Forecasts (WSJ)

U.S. oil boom leaves OPEC sidelined from demand growth (Reuters)

U.S. banks push back on change in loan loss accounting (Reuters)

Fed’s Plosser Says Slowing Inflation No Concern for Policy (BBG)

Watchdog probes 1m US swap contracts (FT)

Used Gold Supply Heads for ’08 Low as Sellers Balk (BBG)

Ex-BlackRock Manager Said to Be Arrested in U.K. Probe (BBG)

A SceNe FRoM KeYNeSiaN HeLL... Posted by : williambanzai7 Post date: 05/11/2013 - The liar, I mean lair of Beezle Ben... http://albertpeia.com/beezlebensatan.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

5-13-13

Shut Them Down! – Payday Loan Companies Are Making Billions Preying On The Misery Of The Poor

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Did Obama Know Too? IRS Officials Knew Patriots And Tea Party Groups Were Being Targeted 2 Years Ago

http://endoftheamericandream.com

http://albertpeia.com/irstargets.htm

A SceNe FRoM KeYNeSiaN HeLL... Posted by : williambanzai7 Post date: 05/11/2013 - The liar, I mean lair of Beezle Ben... http://albertpeia.com/beezlebensatan.htm

Turmoiling Market Plummets By 0.17% On POMO-Free Day Submitted by Tyler Durden on 05/13/2013 -Treasuries underperformed but only modestly (ending the day 2-3bps higher in yield) but worth noting that the 10Y and 30Y and 29-30bps higher in yield post NFP. The S&P 500 made new all-time intraday highs (after ramping aggressively from the European close) but shorts seemed to know something and were heavy sellers from that point (with the 'most shorted' names actually closing down on the day). The Dow closed down 0.17% as there was no POMO to save us (despite a decent 330 ramp effort that dragged SPX into the green - just). It is elsewhere that cracks are appearing. VIX remains relatively bid to equity exuberance (as hedges remain) and the underperformance of credit is rather dramatic (typical underperformance has been reversed rapidly with in 2-3 days this year - not this time). A modestly stronger USD on the day (led by AUD weakness - not helping the carry traders) was not a factor for commodities where gold, silver, and oil (QE-sensitive) dropped 1% on the day. But then again, why worry, tomorrow is Turnaround Tuesday after all...

How The Average American Adult Spends 24 Hours Each DaySubmitted by Tyler Durden on 05/13/2013 - It may come as a surprise to some that when distributed across all American adults, the average American spent just 3.57 hours out of every 24 on work and work-related activities in 2011, according to the BLS' American Time Survey. The number one time consuming activity? Sleep, at 8.71 hours (an all time high for the series), followed by Leisure and Sports with 5.21 hours in second place. The balance of the 6.51 hours remaining? 1.77 hours for Household Activities, 1.24 for Eating and Drinking, and so on, until we hit less than half an hour (0.47 hours) spent on education activities. At least the average time spent on telephone calls, mail and email is not more than the amount of time Americans spend edumacating themselves. http://albertpeia.com/24littlehours.htm

House Hearing On IRS-Gate To Be Held On May 17th - Submit Questions Here Submitted by Tyler Durden on 05/13/2013 - 15:40 Things are escalating rapidly and the finger-pointing will only grow more violent in the next few days. The House Ways & Means committee has just issued a statement that: *HOUSE WAYS & MEANS CMTE TO HOLD HEARING ON IRS ON MAY 17 *ACTING IRS COMMISSIONER, TAX INSPECTOR GENL TO TESTIFY MAY 17Should make for some fireworks, lots of 'pleading da fif', and apologies. We just want to make sure all the key questions are asked and answered about this "outrageous" act...

No Mo' POMO?Submitted by Tyler Durden on 05/13/2013 - Despite the aura of control, Fed officials (and casual observers) may sense things spinning out of control. Of course, hyper-fragility is exactly the effect that all the Fed’s own actions would predictably lead to. When you divorce truth from reality, strange things are bound to happen. There is one thing that we know for sure in this strange period when bankers have tried to manage reality in the absence of truth: that advanced industrial-technological economies designed to run on $20-a-barrel oil can’t run on $100-a-barrel oil, and that is why the US economy was subject to financialization in the first place - to offset declining productive activity by an attempt to get something for nothing. The world is about to find out that you really can’t get something for nothing. It will be a harsh lesson.

Guest Post: A Brief History Of Cycles And Time, Part 1Submitted by Tyler Durden on 05/13/2013 - If we’ve learned one thing over the years from following markets, economics, and geopolitics is this: no man can push the Wheels of History. It unfolds in its own time and no other. The waves of human emotion, of optimism and pessimism both long and short term haven’t changed. So why are the markets still going up? Why can’t people respond to warnings of the blogosphere, or warnings of collapsing economies and accounts right before their eyes? Answer: Because they can’t. It isn’t time - yet... Human emotions and behavior run in cycles of set period. Obviously humankind cannot become infinitely more optimistic forever into the future. In the same way trees don’t grow to the sky, at some point human expectation must reverse and become less optimistic, more conservative and pessimistic until it reaches an opposite extreme. And this theory has a lot going for it: if governments truly controlled stock markets, economies, nations, then why would they ever decline? No government or market would ever voluntarily get smaller, less powerful, and prosperous. And yet despite everything they can do to prevent them, markets and economies always, always DO reverse. Always.

Speculator Gold Gross Shorts At All Time HighsSubmitted by Tyler Durden on 05/13/2013 - Premia for gold bars (physical over paper) rallied to their highest since late-2008 according to SocGen, even as 'professional' investors look to position the exact other way. The combined short positions of futures and options speculators in COMEX gold is now at a record high for the third week (having surged from 4.3 million ounces in late September to a a stunning 13.9 million ounces short now. At the same time, Gold ETFs have only seen one in-flow day in the last 34 days. It seems investors are well-and-truly on one side of this boat - even as price continues to buck the supposed structural weakness.

Saudi Man Arrested At Detroit Airport For Owning Pressure CookerSubmitted by Tyler Durden on 05/13/2013 - Meet the new "WMD" whose merest ownership is sufficient to get you arrested. That and having an Arabic sounding name of course.

What Did The Shorts Just Figure Out?Submitted by Tyler Durden on 05/13/2013 - Out of the gate and then again soon after the EU close, shorts were forced to cover this morning but in the last few minutes, the 'most shorted' names in the Russell 2000 have plunged...

Is A Fed 'Taper' Positive For Treasuries?Submitted by Tyler Durden on 05/13/2013 - There is no plan, no scheme that the Fed can concoct for exiting their support for the U.S. economy that will not negatively affect both the bond and equity markets and have a positive effect on the Dollar. The markets have relied upon the manna from Heaven to rise and virtually nothing else. The American economy cannot justify either the absolute levels of yield or the compression that has taken place or the lofty levels of our stock markets. All of this has had a single driver which is the Fed. The Fed has spent four years providing gifts for those that borrow and for the banks while penalizing those who save and invest. What one group gained the other lost. Now the Fed faces the dilemma of its own making; how to gradually exit their current strategy without setting the financial markets on their rear ends.

Detroit May Run Out Of Cash Next MonthSubmitted by Tyler Durden on 05/13/2013 - Another day, another US city on the brink of insolvency. This time it's Detroit, whose recently appointed emergency financial manager Kevyn Orr said may run out of cash next month and must cut costs such as long-term debt and retiree obligations. According to Bloomberg, "Orr’s report says the cost of $9.4 billion in bond, pension and other long-term liabilities is sapping the ability to provide such basic services as public safety and transportation. He listed cutting debt principal, retiree benefits and jobs among options he may take. “No one should underestimate the severity of the financial crisis,” He called his report "a sobering wake-up call about the dire financial straits the city of Detroit faces."

S&P Hits New All-Time High As Credit PlungesSubmitted by Tyler Durden on 05/13/2013 -Presented with little comment aside to remember what we said the market ignored in 2007... and as a reminder, we warned last night that the Hilsenrath article would be spun to the equity-eating retail public as a positive (just another reason to buy stocks)...

Chinese Power Consumption Collapses: Economic Growth Slowest Since Early 2009Submitted by Tyler Durden on 05/13/2013 - Not much to add here. If there still is any confusion why China is desperately manipulating its economic data, so balatantly in fact that virtually everyone has now noticed, this chart should put all doubt to rest. According to CLSA's Chris Wood using NEA data, China's monthly power consumption (the most accurate proxy for underlying economic strength according to the current premier) growth slowed from 5.5% YoY in Jan-Feb 2013 to 1.9% YoY in March, the slowest growth rate since May 2009 (as discussed in-depth here).

Obama Comments On IRS Witch-Hunt Scandal - Live WebcastSubmitted by Tyler Durden on 05/13/2013 - The irony that the 'no taxation without representation' nation's Prime Minister David Cameron is on stage with President Obama amid the IRS-Gate scandal is not lost on us... We are sure the President will distance himself at pace from the witch-hunt - though it could get awkward on stage with the British PM looking on.

Ron Paul: What No One Wants to Hear About BenghaziSubmitted by Tyler Durden on 05/13/2013 - Neither side wants to talk about the real lesson of Benghazi: interventionism always carries with it unintended consequences. The US attack on Libya led to the unleashing of Islamist radicals in Libya. These radicals have destroyed the country, murdered thousands, and killed the US ambassador... Previously secure weapons in Libya flooded the region after the US attack, with many of them going to Islamist radicals who make up the majority of those fighting to overthrow the government in Syria. The US government has intervened in the Syrian conflict on behalf of the same rebels it assisted in the Libya conflict, likely helping with the weapons transfers... The real lesson of Benghazi will not be learned because neither Republicans nor Democrats want to hear it. But it is our interventionist foreign policy and its unintended consequences that have created these problems, including the attack and murder of Ambassador Stevens. The disputed talking points and White House whitewashing are just a sideshow.

Fight World Hunger: Eat Insects, UN RecommendsSubmitted by Tyler Durden on 05/13/2013 - We, and the TBAC, previously made clear there is a massive shortage of high-quality collateral - the stuff that forms the backbone of modern monetary practice- some $11 trillion to be exact , as the insolvent world encumbers every possible asset that is not nailed down with more and more and more debt. However, we didn't realize that the asset shortage has also spread to food. As it turns out, Malthus may have been right after all. But fear not: the UN has a modest proposal how to resolve this particular asset shortage: Eat Moar Insects, at least according to the FAO's latest report: "Edible insects Future prospects for food and feed security."

"No One Gets Rich Betting Against The Market - Until The Moment The Market Is Wrong"Submitted by Tyler Durden on 05/13/2013 - There a couple of good reasons to be more than moderately concerned about what’s happening in the fixed income space. Once more my gallant crew, we are sailing into choppy waters... which may mean trouble ahead, but it also spells opportunity! Two things concern us: Firstly, despite global easing, global bond yields have backed up last few days. Immediately the Fed gets the blame with rumours they may scale back QE – which is reactive nonsense. The Fed has made clear we need to see clear evidence of growth, not just hints, before they change course. But the Treasury market is off across the curve. JGBs, Gilts and Europe are all higher last few days. Is this a buying window after some mild panic, or has something really changed? The second issue with the market currently is that global rates are so low the market is losing the will to live/play. When highly speculative CCC names yield less than 7% what's the point in investing? The risk-reward is just too skewed toward higher risk over lowering returns that it simply makes little sense to take.

What Bloomberg Tells Us About The Whereabouts Of The NY Fed's Traders And AnalystsSubmitted by Tyler Durden on 05/13/2013 - Thanks to the handy Bloomberg surveillance tools, we know that there are 287 current members of the Federal Reserve Bank of New York with access to a terminal. As of this moment an unimpressive 10% of them (29 to be exact) are signaling green (or active) with Kevin Henry still 'grey' (or untracked), although somewhat expectedly, the bulk of the active NY Fed employees are traders in some capacity. While some in the media would suggest this is somehow critical insights that the Bloomberg reporters can use to completely understand what is going on in the world, we question the usefulness of knowing whether Bill Dudley is logged in. With only 10% online - is that a buy, sell, or hold signal for Goldman or JPM? More importantly, perhaps, we would lose the ability to track the whereabouts of such 'real' Bloomberg users as Fukky Tantang, Diane Beaver, and Ludger Poos.

RANsquawk Week Ahead - 13th May 2013Submitted by RANSquawk Video on 05/13/2013

Retail Sales Post Modest Beat Despite Ongoing Plunge In Gasoline SalesSubmitted by Tyler Durden on 05/13/2013 - In keeping with the now constant trend of baffle with BS, since everyone was expecting a weaker advance retail sales print, just like with the BLS report, it was virtually assured that the data would prove everyone wrong. Sure enough, moments ago the census department announced that headline retail sales rose by 0.1% in April, from a downward revised -0.5% in March, beating expectations of a second decline in a row of -0.3%. Retail sales ex autos were in line with expectations at -0.1%, on expectations of a -0.2% print, but it was the sales number ex-autos and gas which surprised the most, rising 0.6% on expectations of a +0.3% increase, up from a -0.1% decline. Of note: gasoline stations saw a dramatic 4.7% drop in sales, following a 3.2% drop in March: are all US commuters now using Back to the Future type hoverboards or just driving to work in the Tesla Model S?

India Trade Deficit Deteriorates As Gold Imports Soar 138%Submitted by Tyler Durden on 05/13/2013 - India's economic boogeyman, the monthly trade deficit, continues to rear its ugly head, this and every time, driven be the country's insatiable desire for gold which is so powerful, the country took full advantage of the plunge in gold prices, and saw business imports of gold soar by 138% y/y in April, forcing the trade deficit to hit a 3 month high of $17.8 billion as more fiat left the country in return for bringing in more of the "barbarous relic." Gold imports more than doubled on both a Y/Y and sequential basis, with gold accounting for $7.5 billion, or 18% of total imports, compared to $3.1 billion in March.

US, South Korea Begin Joint Naval Exercises Involving US Aircraft CarrierSubmitted by Tyler Durden on 05/13/2013 - For all his endless posturing, North Korea's Un has done absolutely nothing. And if his inability and unwillingness to translate threats into actions continue, that will pretty much be it for North Korea's hope to even get a few loose pennies as a nuisance factor. This may be tested in the next 48 hours as South Korea and the US begin two days of joint naval exercises off the country's east coast, involving the nuclear-powered US aircraft carrier CVN 68 Nimitz. Perhaps more informative than North Korea's bluster will be to see what if any reaction China has to a US presence in a hotly contested (with Japan) naval territory.

Key Events And Issues In The Week AheadSubmitted by Tyler Durden on 05/13/2013 - In the US, retail sales are expected to continue to slow in the headline, while retail sales ex autos, building materials, and gas should turn positive in April according to Wall Street analysts. Goldman remains below consensus for Thursday's Philadelphia Fed survey, forecasting a slight improvement on the previous month. The firm also expects the flash reading for Euro area Q1 GDP to come in slightly below consensus, consistent with a shallow contraction. We forecast German GDP will turn positive in Q1 after Q4 2012's negative reading. In Japan, GS sees Q1 GDP at 2.8% qoq ann., slightly above consensus, with stronger consumer spending the main driver. Among the central bank meetings this week, Russia, Chile, and Indonesia are expected to remain on hold, in line with consensus.

Frontrunning: May 13

Submitted by Tyler Durden on 05/13/2013

Hilsenrath: A Top Contender at the Fed Faces Test Over Easy Money (WSJ)

Yen drops further as G7 avoids criticizing Japan (Reuters)

Markets missed Flaherty’s clues on next Bank of Canada chief (G&M)

Republicans turn screws over Tea Party tax probes (FT)

Dual-track Libor replacement lined up (FT)

Risks to China recovery seen as factory output underwhelms (Reuters)

Barack Obama’s goal of universal healthcare could be set back significantly by Texas Governor Rick Perry (FT)

Gold Bears Pull $20.8 Billion as BlackRock Says Buy (BBG)

Mexico sets shelters as volcano shakes, spews ash (AP)

Europe Eases Corporate Tax Dodge as Worker Burdens Rise (BBG)

IPOs Set to Raise Most Cash Since Crisis (WSJ)

Melting Ice Opens Fight Over Sea Routes for Arctic Debate (BBG)

Top hedge funds bet on Greek banks (FT)

Icahn Asks Investors to Make Big Bet on a Debt-Laden Dell (BBG)

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

5-10-13

Visualizing The Shrinking DollarSubmitted by Tyler Durden on 05/10/2013 - The almighty dollar is looking less mighty these days. By almost every measure, the purchasing power of the US dollar is in precipitous decline. http://albertpeia.com/incredibleshrinkingdollar.htm

MarketWatch Everything is overvalued Rex Nutting Commentary: Bull markets can persist for a long time, just not forever. And not just in stocks.

MarketWatch Mark Hulbert May 10, 2013 Investors can’t beat the machines Commentary: Computer-dominated trading takes over

MarketWatch Fed maps exit from stimulus

HoTRoDDInG THe PoNZi FiNaNCiaL SYsTeM... Posted by : williambanzai7 Post date: 05/10/2013 - An excerpt from today's speech by Dr Sigmund Fraud http://albertpeia.com/hotponzifinancialsystem.htm

Race to Zero in High Yield Credit Posted by: SurlyTrader Post date: 05/10/2013 - Is high yield the new risk-free asset class...

Abenomics Brings Currency Wars to G7 Talks Posted by: GoldCore Post date: 05/10/2013 - As the global economic slump continues central bankers, such as Mario Draghi, and politicians have vowed “to do whatever it takes” to get economies back on track. Such policies while having near...

Is It Game Over For Japan Posted by: Phoenix Capital... Post date: 05/10/2013 - Japan should serve as a lesson to central planners around the world. Japan’s stock market/ real estate bubble burst in the early ‘90s. Since that time Japan has launched NINE QE efforts...

Uncle Buck Upstages Bernanke Posted by: David Fry Post date: 05/10/2013 - The Bernanke Chicago speech became little more than a side show Friday. He did say the Fed was keeping a watchful eye on yield risk-taking given ZIRP. He’s a little late to that observation...

How To Manufacture A Record High Stock Market Close On A Friday Afternoon Submitted by Tyler Durden on 05/10/2013 - Presented with little comment aside to note, amid a quiet day with non-equity markets showing extremely volatile movements, it was decided by a great majority that (following 90 minutes of momentum ignition efforts) all protection should be lifted and VIX was smashed to its lowest level in a month...

Marc Faber: "Something Will Break Very Badly" Submitted by Tyler Durden on 05/10/2013 - During an interview with The Globe and Mail, 'Gloom, Boom, and Doom's Marc Faber unleashed some awful truthiness about gold "I buy gold every month", real estate "bubble territory", and the likelihood of a crash in smoke-and-mirrors-like asset markets - "In the 40 years I’ve been working as an economist and investor, I have never seen such a disconnect between the asset market and the economic reality... Asset markets are in the sky and the economy of the ordinary people is in the dumps, where their real incomes adjusted for inflation are going down and asset markets are going up... Something will break very bad."

Closing Ramp Sends S&P To Fresh Record Amid Cross Asset Chaos Submitted by Tyler Durden on 05/10/2013 - No news is the best news. Quite a week across every asset class dominated by the last two days as USDJPY broke 100 and seemingly all hell broke loose (apart from in stocks). Spikes in Treasury yields (10Y and 30Y +15bps on the week); a surging USD (+1.3%) driven by major JPY and AUD weakness (-2.75%) and the biggest drop in EUR in 6 weeks; Gold and Silver sold off hard (-3.5%) before bouncing back this afternoon ending -1.5% on the week; crude oil plunged but the Brent Vigilantes were not so easily beaten and ripped back above $96 and higher to close the week. Bond-like stocks (Utes) were hammered as high-beta cyclicals (homebuilders) ripped and while stock indices rolled over a little they remain near highs. It's not all sunshine and ponies though... credit markets drastically underperformed (playing catch down from an exuberant few days but sending a clear message to stocks) and the VIX curve steepened rather significantly around the Labor Day horizon - a date that represents desk chatter for "tapering" and debt ceiling drama to re-appear). S&P futures exhibited a spooky 15-min cycle zig-zag pattern this afternoon - in a totally human way... and average trade size was very low (algos) - right before the late-day ramp.

The Hilsenrath "Tapering" Article Is OutSubmitted by Tyler Durden on 05/10/2013 - Yesterday, the rumor turned out to be a joke. Today, there was no rumor, but as we warned four hours ago, it was only a matter of time. Less than four hours later, the time has come, and Jon Hilsenrath's "Fed Maps Exit from Stimulus", conveniently appearing after the close, has just been released.

Guest Post: The New European RevoltSubmitted by Tyler Durden on 05/10/2013 - It is a fair bet that one way or another, the current generation of young people will be unwilling and/or unable to pay for Social Security and Medicare as they presently stand. Of course, Western Europe has the same problem and President Hollande of France recently got a whiff of what is coming from an open letter addressed to him by a 20-year old student named Clara G... "I want to go to a country where there is growth, where wages are rising, where being rich is not a deadly sin, a country in short where the individual and the society have confidence that tomorrow will be brighter than today." Developed nations with deteriorating demographics will have a big problem if large taxpayers decided to move away to lower tax jurisdictions. Clara’s letter suggests that an exodus by the young would be just as damaging, indeed probably more damaging.

Did "They" Ever Tell You To 'Buy Gold' Or 'Sell Stocks'?Submitted by Tyler Durden on 05/10/2013 - Gold bears are coming out of the woodwork to declare gold dead. Santiago Capital's Brent Johnson wonders where they have been for the last 12 years and reflects on the reality of why one should hold the precious metal; putting the recent weakness in its proper context.

Where In The World Are The Millionaires Hiding?Submitted by Tyler Durden on 05/10/2013 - More millionaires live in Tokyo than in any other city, according to a new report from WealthInsight, beating out New York and London. The Economist notes that the city, which boasts 460,700 individuals with net assets of $1m or more (excluding their primary residences), is home to over a fifth of Japan's millionaires. However, when it comes to real money (since who can get by on a mere million dollars worth of wealth these days), London tops the list with 4,224 multi-millionaires. But when it comes to the real BSDs, New York City and Moscow rule the world with 70 and 64 billionaires respectively wondering the streets. As The Economist also notes, should you wish to rub shoulders with the rich, heading to Tokyo, London, New York, or Moscow would be a mistake - it is Frankfurt that has the highest millionaires per capita (with 75 out of every 1000 people having at least a seven figure net worth).

Previewing The Market's "Taper" TantrumSubmitted by Tyler Durden on 05/10/2013 - The reason for yesterday's late day swoon was a humorous tweet, which subsequently became a full-blown serious rumor, that the WSJ's Hilsenrath would leak the first hint that the Fed is contemplating preannouncing the "tapering" of its $85 billion in monthly purchases. Naturally, this did not happen as we explained. And yet, judging by the market's response there is substantial concern that the Fed may do just that. To be sure, it is quite likely that in addition to just rumblings out of economists, which are always wrong and thus ignored, that one of the Fed's unofficial channels may hint at some tightening in the monthly flow (if certainly not halt, and absolutely not unwind). Which makes sense: all previous instances of non-open ended QE took place for up to 6-9 months before the Fed briefly let off the accelerator to see just how big the downward response is. The problem now, however, is that even the tiniest hint that the grossly overvalued "market", which has risen only thanks to multiple expansion for the past year, would lead to a massive overshoot not only to whatever an ex-Fed "fair value" may be, but overshoot wildly as the liquidation programs kick in across a Wall Street that is more liquidity starved today than it has been in a decade. This is precisely what Scotiabank's Guy Hasselman thinks: "Few care about “right-tail” events, but should investors decide to pare risk in reaction to a hint of ‘tapering’, the overshoot to the downside may surprise many. The combination of too many sellers, too few buyers, and dreadful (and declining) liquidity means a down-side overshoot is highly likely."

The BTFD Strategy Has Never Worked Better (But Beware)Submitted by Tyler Durden on 05/10/2013 -There is a mathematical term used to describe a time series' propensity to mean-revert or not. Autocorrelation measures the tendency for today's price direction to be in the same direction as yesterday's. In a period of negative autocorrelation (such as today) when the market sells off one day it is much more likely to rebound the next. As Artemis Capital's Chris Cole notes, the current level of negative auto-correlation (often associated with positive for 'buy-the-dip' strategies in an upward trending market) has never been higher. Mean reversion and negative autocorrelations are one reason why many pure 'portfolio insurance' strategies are struggling with losses. If you are constantly shorting volatility this trend toward powerful mean reversion is your best friend. However, empirically, this high mean reversion is unsustainable; the potential for mean reversion regimes to ‘shift’ is driven by increasing leverage and interconnectedness in the system.

David Einhorn's Q1 Investor Letter: "Under The Circumstances, It Is Curious That Gold Isn’t Doing Better." Submitted by Tyler Durden on 05/10/2013 - Sadly, not much in terms of macro observations this quarter or discussions of jelly donuts, but a whole lot on the fund's biggest Q1 underperformer, Apple and the hedge fund's ongoing fight for shareholder friendly capital reallocation as well as proving Modigliani-Miller wrong. And then this cryptic ellipsis: "Under the circumstances, it is curious that gold isn’t doing better." Say no more, David. We get it.

RANsquawk Weekly Wrap - 10th May 2013Submitted by RANSquawk Video on 05/10/2013

Frontrunning: May 10

Submitted by Tyler Durden on 05/10/

PBOC Says China Shouldn’t Be ’Blindly Optimistic’ on Inflation (BBG)

Foreigners Buying Half of London New Homes Prop Up Building (BBG) - first they come for the foreign deposits, then for the real assets...

Investors Rediscovering Margin Debt (WSJ) - well, yes: it is at record highs

China issues new rules targeting wealth management fund pools (RTRS)

Navy $37 Billion Ships Seen Unsuitable Have 2-Year Window (BBG)

New York may have to drop claims against BofA over Merrill (RTRS)

FBI Rejects Boston Police Stance in Spat Over Terror Data (BBG)

In eastern Syria oil smugglers benefit from chaos (RTRS)

Communism For Some, $815 Million For Others: How Mao's Granddaughter "Greatly Leapt Forward" To Untold Riches { Communism/communists are such total b***s***! }

The Number Of US Citizens On Disability Is Now Larger Than The Population Of Greece { “The tremendous increase in people on SSDI is nothing but a gigantic fraud. “ Indeed, the program is rife with unaffordable fraud! } - The number of people on SSDI now exceeds the entire population of Greece. The aging of the population has nothing to do with the increase. In 1968 there were 51 workers for every person on disability. Today there are 13 workers for every person on disablity. Even the most pollyanna would agree that medical advancements since 1968 have been significant. These medical advancements would argue for less people being on disability and unable to work. Workplace safety measures have been increased exponentially since 1968, so that also argues for less disabled workers. The good old ADA law forced all workplaces to become disabled friendly. That argues for less people on disability. The country has transitioned from a manufacturing society to a service society. Workers don’t work on dangerous assembly lines anymore. Robots do the dangerous stuff. This should have dramatically reduced worker injuries and disabilities. The tremendous increase in people on SSDI is nothing but a gigantic fraud. The government broadened the scope of disabilities to include stress, depression, and non-diagnosable things like aches and pains. And don't forget, you get the added benefit of Medicare coverage after only two years of SSDI stress.

Are We On The Verge Of Witnessing The Death Of The Paper Gold Scam?

http://albertpeia.com/deathofpapergoldscam.htm

See for Yourself: Syrian Government Likely Did Not Use Chemical Weapons Posted by : George Washington Post date: 05/08/2013 - Who Should You Believe …  The UN Investigator or the U.S.? Why America Fell So Far … So Fast Posted by: George Washington Post date: 05/07/2013 - All Empires Crash Soon After They Reach Their Peak

UNHaPPY EURO AuSTeRiTY DaY 2013! Posted by: williambanzai7 Post date: 05/08/2013 - May Nein 2013... http://albertpeia.com/austerityday.htm

MarketWatch Hunting the last bear Wall Street needs its own Endangered Species Act since it seems everyone is now a bull. By John Nyaradi ‘… It seems that everyone on Wall Street is a bull today as the S&P 500 SPX +0.41% and Dow Jones Industrial Average DJIA +0.32%  have settled into a predictable routine of "another day, another record," despite the steady stream of negative macro economic data.

Bears, now virtually extinct, were hoping instead for a feast as the poor economic reports came pouring in over recent days:

1. April nonfarm payrolls — a mediocre 165,000 payroll jobs added which was celebrated as a huge win by markets last week.

2. ISM nonmanufacturing report showed a decline to 53.1, broadly missing expectations.

3. April manufacturing ISM report posted a drop to 50.7 from 51.3 in March. Because 50 is the threshold which distinguishes contraction from expansion, the April manufacturing PMI fell to just barely within the expansionary range.

4. Euro-zone manufacturing PMI for April declined to 46.7 from 46.8 in March while euro-zone retail sales declined by 0.1% in March. For the 27-nation European Union, March retail sales fell by 0.2%,

5. Euro-zone unemployment came in at 12.1% in March.

6. April's HSBC China Composite PMI (which covers both manufacturing and services) declined to 51.1 from 53.5 in March, indicating the weakest rate of expansion since last October. Hong Kong's PMI also settled into contractionary territory at 49.9, down from 50.5 in March.

Despite all the bad economic news, Wall Street bears look positively cadaverous as financial markets levitate higher and seemingly disconnect from the real economy. This disconnect is generating an expanding discussion, and even a name, "The Great Disconnect," which has followed "The Great Recession," as Wall Street's fortunes look decidedly different from those on Main Street.

Everyone seems to be in agreement that the recent financial levitation has been generated by global central banks, and during his presentation at last week's 10th annual Strategic Investment Conference, presented by Altegris Investments and John Mauldin, Pimco's Mohamed El-Erian emphasized that investors must be ready for the "hand off" by central banks, when the era of assisted support gives way to the era of organic growth.

Even the Oracle of Omaha, Warren Buffett, has joined the discussion by saying that when the Federal Reserve finally raises interest rates from their current near-zero level, it will be the "shot heard around the world".

As the discussion grows louder, the Federal Reserve seems to be coming under ever intensifying pressure, and that was in evidence last week when the Fed announced that it would continue its bond-buying program. known as quantitative easing. Longtime Fed critic Ron Paul emphasized that the program works only to the advantage of big bankers and politicians, while hurting middle-class and impoverished Americans. Warren Buffett echoed a similar theme when he pointed out — at Berkshire Hathaway's BRK.A +0.96% annual shareholders' meeting in Nebraska — that the Fed's quantitative easing program has made life difficult for people who live on fixed-income investments…’ { Modern 1920’s redux … all we need are ‘flappers’! }

The Price Of Copper And 11 Other Recession Indicators That Are Flashing Red Submitted by Tyler Durden on 05/08/2013 - There are a dozen significant economic indicators that are warning that the U.S. economy is heading into a recession.  The Dow may have soared past the 15,000 mark, but the economic fundamentals are telling an entirely different story.  If historical patterns hold up, the economy is heading for a very rocky stretch. But most average Americans are not that concerned with the performance of the stock market.  They just want to be able to go to work, pay the bills and provide for their families.  During the last recession, millions of Americans lost their jobs and millions of Americans lost their homes… that will happen again.  Sadly, it appears that another major recession is quickly approaching. The following are 12 recession indicators that are flashing red... http://albertpeia.com/recessionindicatorsflashingred.htm { Modern 1920’s redux … all we need are ‘flappers’! }

Visualizing The Collapse Of Fiat Currencies

THe Oracle oF OMaHa... http://albertpeia.com/oracleomahaho.htm

MarketWatch Survive the financial apocalypse Paul Merriman We're heading for a major decline. Here are 9 steps to take to protect yourself.

29 Shocking Facts That Prove That College Education In America Is A Giant Money Making Scam

http://albertpeia.com/collegedscam.htm

The U.S. Government Is Monitoring All Phone Calls, All Emails And All Internet Activity

http://albertpeia.com/usgovmonitoringall.htm

Benghazi: New Evidence Emerges Posted by : George Washington Post date: 05/07/2013 - What REALLY Happened?

Why America Fell So Far … So Fast Posted by: George Washington Post date: 05/07/2013 - All Empires Crash Soon After They Reach Their Peak

Jeremy Grantham: "We Have Been Conned" ‘The lessons of Jeremy Grantham's recent interview with Charlie Rose seem to be becoming increasingly prescient as the stock market surges to new highs amid a crumbling macro (and micro) economy... ‘

ToNeR MaN... williambanzai7 http://albertpeia.com/tonerman.htm

THe HouSe oF JP ENRoN CRoSSWoRD PuZZLe... williambanzai7 http://albertpeia.com/jpenroncrossword.htm

The Financial Press: A Disinformation Machine Paul Craig Roberts | Let’s take a walk through the BLS report and you can arrive at your own conclusion. { All bad news and these ever more worthless commissioned-paper (actually not even) shares at lightning computerized speed are rallying … just like zimbawee (the best performing stock-market of the decade past) … and just like zimbabwee, they’re all a bunch of niggers on wall street (their QE welfare everyone’s paying for included) … no wonder this country’s done/in protracted decline! This is an all too familiar scam that as before, everyone is and will be paying for. How does it feel to be dumb! [Parenthetically, just this moment, an ‘equities expert’ (on one of those syndicated business programs, NBR-just bought out by cnbc which means they just got a lot dumber and I had to turn it off and will never watch NBR again…nbc is a horrible propaganda network (finishing deservingly last among the so-called ‘majors’), mobsters like trump on that ‘apprentice thing’ with toothy nutcases like gary busey, etc.. ‘No credibility whatsoever and a total joke!) said house prices (as well as the ‘paper shares’, gas, oil, food staples, meat, etc.) are rising (duh! … contraindicated implication-‘happy days are here again’)… riiiiight … just like zimbabwee! How pathetic! ]
Goldman 'Explains' The 'Market': "Best Not To Look A Gift-Horse In The Mouth" ZH { Riiiiight! Sounds like a plan! The ‘gift-horse’ that’s … not a gift-horse at all … You’re paying through your nose and teeth. It was amusing to see mainstream media puzzling over the record high gas prices so early in this time of year, and as well, the coming jump in beef prices. There’s no mystery here! This is the natural and inevitable concomitant to ‘printing presses gone wild’. Not printing presses for product for intellectual consumption; but rather, printing presses (whether by print or computer ledger entry) for those ever more worthless paper fiat dollars backed by nothing but insurmountable debt of a defacto bankrupt nation. Remember: There’s no free lunch … fraudulent wall street’s predictable/intended gain (from QE, currency debasement, etc.) is your substantial pain! It’s the zimbabwee financial model gone american … , Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! } “Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical)…” , Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe. }

MarketWatch The coming June swoon Avi Gilburt

11 Reasons Why The Federal Reserve Should Be Abolished

http://albertpeia.com/fedreserveshouldbeabolished.htm

PaRTYiNG LiKe IT'S 1929... by : williambanzai7 http://albertpeia.com/greaterfoolsdepressionfestival.htm

Where Is The Recovery? A Higher Percentage Of Americans Had Jobs Three Years Ago

http://albertpeia.com/whatrecovery.htm

They Are Murdering Small Business: The Percentage Of Self-Employed Americans Is At A Record Low

http://albertpeia.com/recordlowselfemployed.htm

22 Facts That Prove That The Bottom 90 Percent Of America Is Systematically Getting Poorer

http://albertpeia.com/90percentofamericapoorer.htm

MaY DaY, May DaY, MaY DaY!!! http://albertpeia.com/commayday.htm

THe MoDeRN MoNeY OCToPuS... http://albertpeia.com/octopussies.htm

Will The New Housing Bubble That Bernanke Is Creating End As Badly As The Last One Did?

http://albertpeia.com/newbubblebigburst.htm

Welcome Back Recession: Chicago PMI Implodes To 49, First Sub-50 Print Since September 2009 Submitted by Tyler Durden on 04/30/2013 - TOTAL COLLAPSE.

The Crisis Is Imminent: “When The Real Crash Comes It Will Be Worse Than the Great Depression” Mac Slavo | “The United States is like the Titanic, and I’m here with the lifeboat trying to get people to leave the ship.”

Macro Collapse Pushes S&P 500 To New All-Time Nominal High And Close Submitted by Tyler Durden on 04/30/2013

A FeW BuNGaS MoRe Posted by: williambanzai7 Post date: 04/27/2013 - The Good, The Bunga and The Ugly... http://albertpeia.com/goodbadugly.htm

A BaSeMeNT, a BuLL HoRN and a JuNK ASS... Posted by: williambanzai7 Post date: 04/29/2013 - More from Dr Krugman... http://albertpeia.com/junkasses.htm

20 Signs That The Next Great Economic Depression Has Already Started In Europe

http://albertpeia.com/greatdepressionhasbegun.htm

The Jay-Z Illuminati Conspiracy: Are Beyonce And Jay-Z Seducing Our Kids Into The Occult?

http://endoftheamericandream.com

http://albertpeia.com/illuminaticonspiracy.htm

{ Come on! Niggers are total b***s***! But they like you to think they’re part of ‘something other/more’ than their pathetic reality. They’re as much so-called ‘illuminati’ as those somalian pirates. As far as the list of CFR members, what a bunch of f***ups … after all, look at the disastrous state of the world … oh yeah, there’s a new world order, supplanting the old new world order, largely owing to the f***ups f***ing up … some call that history … rather pathetic at that … yet, what can you expect … { 30 Population Control Quotes That Show That The Elite Truly Believe That Humans Are A Plague Upon The Earth http://albertpeia.com/humanplagueonearth.htm , http://albertpeia.com/45signsamericatinyelitemajoritypoor.htm , Corporatism: A System Of Control Designed By The Monopoly Men Of The Global Elite http://albertpeia.com/corporatistcontrol.htm , 29 Signs That The Elite Are Transforming Society Into A Total Domination Control Grid http://albertpeia.com/dominationcontrolgrid.htm { First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently, primitive apes. See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. } [ 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said: The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing
http://albertpeia.com/planetalreadyruined.htm ] The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

DeMiSe OF THe GReaT CHaiRSaTaN? http://albertpeia.com/demiseofbenchairsatan.htm

Albert Edwards' Bleak Crystal Ball Reveals Gold Above $10,000; S&P At 450 ; And Sub-1% Bond Yields Submitted by Tyler Durden on 04/25/2013 - "The late Margaret Thatcher had a strong view about consensus. She called it: “The process of abandoning all beliefs, principles, values, and policies in search of something in which no one believes, but to which no one objects.” The same applies to most market forecasts. With some rare exceptions (like our commodity analysts? recent prescient call for a slump in the gold price), analysts don?t like to stand out from the crowd. It is dangerous and career-challenging. In that vein, we repeat our key forecasts of the S&P Composite to bottom around 450, accompanied by sub-1% US 10y yields and gold above $10,000."

JPMorgan's Eligible Gold Plummets 65% In 24 Hours To All Time Low Submitted by Tyler Durden Just What Is Going On With The Gold In JPMorgan's Vault? A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... The unraveling of the Ponzi Burrito begins.. http://albertpeia.com/germangoldgone.htm

America The Fallen: 24 Signs That Our Once Proud Cities Are Turning Into Poverty-Stricken Hellholes

http://albertpeia.com/americanhellholes.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

IN CaSe You ARe WoNDeRiNG WHaT JuST HaPPeNeD AT AP... Posted by : williambanzai7 Post date: 04/23/2013 - A Banzai7 exclusive... http://albertpeia.com/hackflashcrash.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

Mourn For America: Whenever A Tragedy Happens They Take Even More Freedom From Us

http://albertpeia.com/mournforamerica.htm

TWo KiNDS OF TeRRoRiSTS... http://albertpeia.com/2kindsofterrorists.htm

EVoLuTioN oF A EURO SWiNe... http://albertpeia.com/euroswine.htm

17 Unanswered Questions About The Boston Marathon Bombing The Media Is Afraid To Ask

http://albertpeia.com/17unansweredquestionsmediaafraidtoask.htm

MeSSaGe To Mr KRuGMaN... http://albertpeia.com/feddykrugerands.htm

History Tells Us That A Gold Crash + An Oil Crash = Guaranteed Recession

http://albertpeia.com/goldcrashplusoilcrashequalsrecession.htm

Suspicious Photo of Gold-Bomber ben… by williambanzai7The Limerick King http://albertpeia.com/suspicioushelicopterbenphoto.htm

…The Takedown Of Gold A Sign That The Entire Global Financial System Is About To Crash … ?

http://albertpeia.com/globalfinancialsystemcrash.htm

‘…So who is behind all of this orchestration?  Well, according to Dr. Paul Craig Roberts, it is actually the Federal Reserve... The Federal Reserve began its April Fool’s assault on gold by sending the word to brokerage houses, which quickly went out to clients, that hedge funds and other large investors were going to unload their gold positions and that clients should get out of the precious metal market prior to these sales. As this inside information was the government’s own strategy, individuals cannot be prosecuted for acting on it. By this operation, the Federal Reserve, a totally corrupt entity, was able to combine individual flight with institutional flight. Bullion prices took a big hit, and bullishness departed from the gold and silver markets. The flow of dollars into bullion, which threatened to become a torrent, was stopped. In fact, Dr. Roberts says that former Goldman Sachs trader Andrew Maguire is reporting that the Fed orchestrated the dumping of 500 tons of naked gold shorts into the market on Friday... According to Andrew Maguire, on Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale. If he doesn’t have the item, he borrows it from someone who does, putting up cash collateral equal to the current market price. Then he sells the item, waits for it to fall in price, buys it back at the lower price and returns it to the owner who returns his collateral. If enough shorts are sold, the result can be to drive down the market price. As Dr. Roberts noted, this represents an absolutely massive amount of gold... Consider the 500 tons of paper gold sold on Friday. Begin with the question, how many ounces is 500 tons? There are 2,000 pounds to one ton. 500 tons equal 1,000,000 pounds. There are 16 ounces to one pound, which comes to 16 million ounces of short sales on Friday. Who has 16 million ounces of gold? At the beginning gold price that day of about $1,550, that comes to $24,800,000,000. Who has that kind of money? … A WHOLE LOT OF PEOPLE NEED TO BE CRIMINALLY INVESTIGATED. Meanwhile, many are considering this takedown of gold to be an ominous sign that another major financial crisis may be heading our way. Just remember what happened back in 2008.  As Zero Hedge noted on Monday, the price of gold suddenly plunged 21 percent in July 2008.  That was just a couple of months before the U.S. stock market crashed in the fall...’

El-Erian's Summary: "Virtually Every Market Is Trading At Very Artificial Levels"Submitted by Tyler Durden on 04/16/2013 - "In order for central banks to achieve their ultimate economic objective - which is growth and jobs - they have to push investors into taking more risk than is justified," is the somewhat chilling warning that PIMCO's Mohamed El-Erian gives in this excellent interview with the WSJ. "Central banks are operating through the wealth effect and animal spirits," El-Erian says peeling back the truth onion, as they prop up asset prices to "artificial levels, in virtually every market." Worries over the central bankers of the world withdrawing easy money policies too early are "unwarranted," he notes, adding that he suspects, "they will most likely stay too long and they will consciously make that mistake." Critically, though, he sends a message that appears to fit with many of our recent discussions (most recently here) that "if these levels aren’t validated by the fundamentals, then investors will get hurt."

MarketWatch Paul B. Farrell America needs a new war Commentary: Any one of these 10 flash points could trigger it, saving capitalism from itself. { I’m really disappointed by this article and will no longer follow or post links to farrell’s articles. Even if in jest, an exercise in sarcasm, or sophistry at its worst, such position is so absolutely uncivilized and in such poor taste and without any intellectual foundation that I must wonder how MarketWatch hasn’t really ‘watched’. I want to know what wars farrell’s fought in, or how many of his own children have died in same. I’m staunchly against communism which I’ve made no secret; but if farrell’s specious reasoning was correct (it’s not, economically and otherwise, but quite Orwellian), I honestly would then say, ‘Let capitalism die’! }

HeaDS I WiN... by: williambanzai7 http://albertpeia.com/headsiwin.htm

QE TiTaNiC 2013... by: williambanzai7 http://albertpeia.com/benusstitanicqeedkoed.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

5-09-13

Communism For Some, $815 Million For Others: How Mao's Granddaughter "Greatly Leapt Forward" To Untold Riches Submitted by Tyler Durden on 05/09/2013 { Communism/communists are such total b***s***! } - For a country, whose founder Chairman Mao once upon a time envisioned great wealth equality for all and a communist utopia, things sure have had a very capitalist ending. Perhaps nowhere is this more visible than in Mao's lineage itself, where we find that the granddaughter of Mao, Kong Dongmei, managed to rise above the great unwashed mass of egalitarianism, and ended up just slightly more equal as a result of the Great Leap Forward, with a personal fortune amounting to $815 million according to New Fortune, a Chinese financial magazine. But it is not so much the realization that the occupation of politics is one grand lie (second perhaps only to economics) and where preaching equality for all is merely a means to achieve great wealth for yourself, but that the 40 year old descendant of the Chairman, with her wealth of nearly $1 billion, is merely the 242nd richest person in China, which means there are over 200 billionaires in the country, the bulk of whom we can only imagine are descendants of the original "communist" founders of the country.

The Number Of US Citizens On Disability Is Now Larger Than The Population Of GreeceSubmitted by Tyler Durden on 05/09/2013 { “The tremendous increase in people on SSDI is nothing but a gigantic fraud. “ Indeed, the program is rife with unaffordable fraud! } - The number of people on SSDI now exceeds the entire population of Greece. The aging of the population has nothing to do with the increase. In 1968 there were 51 workers for every person on disability. Today there are 13 workers for every person on disablity. Even the most pollyanna would agree that medical advancements since 1968 have been significant. These medical advancements would argue for less people being on disability and unable to work. Workplace safety measures have been increased exponentially since 1968, so that also argues for less disabled workers. The good old ADA law forced all workplaces to become disabled friendly. That argues for less people on disability. The country has transitioned from a manufacturing society to a service society. Workers don’t work on dangerous assembly lines anymore. Robots do the dangerous stuff. This should have dramatically reduced worker injuries and disabilities. The tremendous increase in people on SSDI is nothing but a gigantic fraud. The government broadened the scope of disabilities to include stress, depression, and non-diagnosable things like aches and pains. And don't forget, you get the added benefit of Medicare coverage after only two years of SSDI stress.

Initial Claims Drop To 324K, Lowest Since January 2008Submitted by Tyler Durden on 05/09/2013 - There was no surprise in today's Initial Claims data, which continued the downward trend seen in recent months (despite the data seen in the most recent JOLTS survey which was hardly as optimistic on recent labor trends as the NFP number of the weekly claims data), with the headline number dropping to 323K, down from an upward revised 327K, and below the expected 335K print. On the surface, and at least to algos, this continues to be good news. The question remains whether the improving claim trend is due to fewer layoffs, or a lower marginal detachment workforce due to the labor force participation rate which was at 33 year lows for the second month in a low. At this point any additional substantial drops below the 300,000 range will likely mean a major distortion in the labor force as this is where claims numbers were at a time when the economy was actually strong, as opposed to the current liquified stock-market manipulated sham.

The Depressing Effect Of QESubmitted by Tyler Durden on 05/09/2013 - It is rather like sitting in the middle of the desert. We have $100 billion of new sand being pumped in by the Fed each month. Our desert doesn't get much wider as defined by new issuance and so one dune is heaped on another, the compression continues and yields, even from here, will decline. Our sand trap is a fabulous world for borrowers and issuers and a miserable world for investors. The general thinking usually stops here but there is more to this story than that. Over a period of time wealth declines as the bonds markets hold five times the assets of the equity markets and so the lack of yield, of income, begins to take its toll on consumer spending, on corporate revenues and then on profits and on the ability of those dependent of savings to maintain their standard of living. The continual flow of money has helped the banks and helped corporate borrowers but it has not filtered down to the savers and, in fact, their position has been lessened by what the Fed has done.

Greek Unemployment Hits New Record High, Youth Jobless Rises By 5% In One Month To 64.2%Submitted by Tyler Durden on 05/09/2013 - The Greek economic depressionary catastrophe continues to merrily chug along. Hours ago, Greek Elstat reported that February unemployment rose to a new record high of 27.0%, with the January number revised from 27.2% to 26.7%, up from 21.9% in February 2012, and almost as if unlike the Greek BLS is not even trying to fudge numbers anymore and wants to show a deteriorating situation (or, as it was called in the Old Normal - "reality"). Looking at the Shadow economy, the number of people who are inactive, or "neither worked neither looked for a job", hit 3,358,649. This number is just shy of the total people employed, meaning in 2-3 months, the Greek shadow economy will be greater than the official, taxed-one. A gender breakdown shows that females have never had it worse with 31% unemployment, compared to 24.1% for men. But the most stunning number was the number of unemployed Greek youths (15-24), which hit a record 64.2%, the highest number on record, and a mindblowing 5% increase from the 59.3% youth unemployment reported in January, and a 10% increase from a year ago.

Israel Informs US That Russia Plans To Sell Weapons To SyriaSubmitted by Tyler Durden on 05/09/2013 - We almost got an entire 24 hour period that did not have news about imminent war rumblings out of Syria. Almost. Late last night WSJ reported about the civil war torn country (in which the rebels may or may not be using chemical weapons, but are backed by both Al Qaeda and the US government) again, this time on a leak by Israel having warned the US that Russians are "imminently" going to sell advanced ground-to-air missile systems to Syria "that would significantly boost the regime's ability to stave off intervention in its civil war." Supposedly this means that Israel would be unable to continue its unimpeded military incursions of Syrian sovereign airspace and blow stuff up at whim just because it feels like it, and for whatever pretext the Israeli defense forces come up with.

Frontrunning: May 9

Submitted by Tyler Durden on 05/09/2013

Einhorn's advice to investors: don't take my advice (Reuters)

Next: floating dead vegetables: Chinese inflation rises on soaring vegetable prices (FT)

The scramble for the bottom dollar is on: McDonald's, Wendy's Battle for Value-Centric Customers (WSJ)

Cheaper iPhone coming after all: Apple supplier Pegatron boosts China workforce by 40 percent in second quarter (Reuters)

House set to pass tactical Republican debt bill (Reuters)

Underwriting bonanza: Goldman Said to Earn $500 Million Arranging Malaysia Bond (BBG)

G7 finance chiefs to discuss bank reform push (Reuters)

Big Banks Push Back Against Tighter Rules (WSJ)

University endowments trim holdings in US Treasuries (FT)

Ex-Pakistan PM's son abducted as Taliban threaten poll (Reuters)

China Dowry Filled With Gold Signals Gains for Jewelers (BBG)

As discussed here over a year ago: China inflation data shows central bank policy dilemma (Reuters)

Stocks Are Officially in a Blow Off Top Posted by : Phoenix Capital... Post date: 05/09/2013 - When this bubble bursts, interest rates will already be at zero and the Fed’s balance sheet swollen with garbage debts. The Fed and other Central Banks WON’T...

Short Note on Falling Yen Posted by: Marc To Market Post date: 05/09/2013 - Why is the yen falling now and some thoughts about what's next.  

The EU’s Out-Of-Control Intelligence Services (That Don’t Exist, Officially) Posted by: testosteronepit Post date: 05/09/2013 - Four of them are beyond any kind of democratic control, beholden only to the elite club of unelected Eurocrats, the European Council.

Are We On The Verge Of Witnessing The Death Of The Paper Gold Scam?

http://albertpeia.com/deathofpapergoldscam.htm

See for Yourself: Syrian Government Likely Did Not Use Chemical Weapons Posted by : George Washington Post date: 05/08/2013 - Who Should You Believe …  The UN Investigator or the U.S.? Why America Fell So Far … So Fast Posted by: George Washington Post date: 05/07/2013 - All Empires Crash Soon After They Reach Their Peak

UNHaPPY EURO AuSTeRiTY DaY 2013! Posted by: williambanzai7 Post date: 05/08/2013 - May Nein 2013... http://albertpeia.com/austerityday.htm

MarketWatch Hunting the last bear Wall Street needs its own Endangered Species Act since it seems everyone is now a bull. By John Nyaradi ‘… It seems that everyone on Wall Street is a bull today as the S&P 500 SPX +0.41% and Dow Jones Industrial Average DJIA +0.32%  have settled into a predictable routine of "another day, another record," despite the steady stream of negative macro economic data.

Bears, now virtually extinct, were hoping instead for a feast as the poor economic reports came pouring in over recent days:

1. April nonfarm payrolls — a mediocre 165,000 payroll jobs added which was celebrated as a huge win by markets last week.

2. ISM nonmanufacturing report showed a decline to 53.1, broadly missing expectations.

3. April manufacturing ISM report posted a drop to 50.7 from 51.3 in March. Because 50 is the threshold which distinguishes contraction from expansion, the April manufacturing PMI fell to just barely within the expansionary range.

4. Euro-zone manufacturing PMI for April declined to 46.7 from 46.8 in March while euro-zone retail sales declined by 0.1% in March. For the 27-nation European Union, March retail sales fell by 0.2%,

5. Euro-zone unemployment came in at 12.1% in March.

6. April's HSBC China Composite PMI (which covers both manufacturing and services) declined to 51.1 from 53.5 in March, indicating the weakest rate of expansion since last October. Hong Kong's PMI also settled into contractionary territory at 49.9, down from 50.5 in March.

Despite all the bad economic news, Wall Street bears look positively cadaverous as financial markets levitate higher and seemingly disconnect from the real economy. This disconnect is generating an expanding discussion, and even a name, "The Great Disconnect," which has followed "The Great Recession," as Wall Street's fortunes look decidedly different from those on Main Street.

Everyone seems to be in agreement that the recent financial levitation has been generated by global central banks, and during his presentation at last week's 10th annual Strategic Investment Conference, presented by Altegris Investments and John Mauldin, Pimco's Mohamed El-Erian emphasized that investors must be ready for the "hand off" by central banks, when the era of assisted support gives way to the era of organic growth.

Even the Oracle of Omaha, Warren Buffett, has joined the discussion by saying that when the Federal Reserve finally raises interest rates from their current near-zero level, it will be the "shot heard around the world".

As the discussion grows louder, the Federal Reserve seems to be coming under ever intensifying pressure, and that was in evidence last week when the Fed announced that it would continue its bond-buying program. known as quantitative easing. Longtime Fed critic Ron Paul emphasized that the program works only to the advantage of big bankers and politicians, while hurting middle-class and impoverished Americans. Warren Buffett echoed a similar theme when he pointed out — at Berkshire Hathaway's BRK.A +0.96% annual shareholders' meeting in Nebraska — that the Fed's quantitative easing program has made life difficult for people who live on fixed-income investments…’ { Modern 1920’s redux … all we need are ‘flappers’! }

The Price Of Copper And 11 Other Recession Indicators That Are Flashing Red Submitted by Tyler Durden on 05/08/2013 - There are a dozen significant economic indicators that are warning that the U.S. economy is heading into a recession.  The Dow may have soared past the 15,000 mark, but the economic fundamentals are telling an entirely different story.  If historical patterns hold up, the economy is heading for a very rocky stretch. But most average Americans are not that concerned with the performance of the stock market.  They just want to be able to go to work, pay the bills and provide for their families.  During the last recession, millions of Americans lost their jobs and millions of Americans lost their homes… that will happen again.  Sadly, it appears that another major recession is quickly approaching. The following are 12 recession indicators that are flashing red... http://albertpeia.com/recessionindicatorsflashingred.htm { Modern 1920’s redux … all we need are ‘flappers’! }

Visualizing The Collapse Of Fiat Currencies

THe Oracle oF OMaHa... http://albertpeia.com/oracleomahaho.htm

MarketWatch Survive the financial apocalypse Paul Merriman We're heading for a major decline. Here are 9 steps to take to protect yourself.

29 Shocking Facts That Prove That College Education In America Is A Giant Money Making Scam

http://albertpeia.com/collegedscam.htm

The U.S. Government Is Monitoring All Phone Calls, All Emails And All Internet Activity

http://albertpeia.com/usgovmonitoringall.htm

Benghazi: New Evidence Emerges Posted by : George Washington Post date: 05/07/2013 - What REALLY Happened?

Why America Fell So Far … So Fast Posted by: George Washington Post date: 05/07/2013 - All Empires Crash Soon After They Reach Their Peak

Jeremy Grantham: "We Have Been Conned" ‘The lessons of Jeremy Grantham's recent interview with Charlie Rose seem to be becoming increasingly prescient as the stock market surges to new highs amid a crumbling macro (and micro) economy... ‘

ToNeR MaN... williambanzai7 http://albertpeia.com/tonerman.htm

THe HouSe oF JP ENRoN CRoSSWoRD PuZZLe... williambanzai7 http://albertpeia.com/jpenroncrossword.htm

The Financial Press: A Disinformation Machine Paul Craig Roberts | Let’s take a walk through the BLS report and you can arrive at your own conclusion. { All bad news and these ever more worthless commissioned-paper (actually not even) shares at lightning computerized speed are rallying … just like zimbawee (the best performing stock-market of the decade past) … and just like zimbabwee, they’re all a bunch of niggers on wall street (their QE welfare everyone’s paying for included) … no wonder this country’s done/in protracted decline! This is an all too familiar scam that as before, everyone is and will be paying for. How does it feel to be dumb! [Parenthetically, just this moment, an ‘equities expert’ (on one of those syndicated business programs, NBR-just bought out by cnbc which means they just got a lot dumber and I had to turn it off and will never watch NBR again…nbc is a horrible propaganda network (finishing deservingly last among the so-called ‘majors’), mobsters like trump on that ‘apprentice thing’ with toothy nutcases like gary busey, etc.. ‘No credibility whatsoever and a total joke!) said house prices (as well as the ‘paper shares’, gas, oil, food staples, meat, etc.) are rising (duh! … contraindicated implication-‘happy days are here again’)… riiiiight … just like zimbabwee! How pathetic! ]
Goldman 'Explains' The 'Market': "Best Not To Look A Gift-Horse In The Mouth" ZH { Riiiiight! Sounds like a plan! The ‘gift-horse’ that’s … not a gift-horse at all … You’re paying through your nose and teeth. It was amusing to see mainstream media puzzling over the record high gas prices so early in this time of year, and as well, the coming jump in beef prices. There’s no mystery here! This is the natural and inevitable concomitant to ‘printing presses gone wild’. Not printing presses for product for intellectual consumption; but rather, printing presses (whether by print or computer ledger entry) for those ever more worthless paper fiat dollars backed by nothing but insurmountable debt of a defacto bankrupt nation. Remember: There’s no free lunch … fraudulent wall street’s predictable/intended gain (from QE, currency debasement, etc.) is your substantial pain! It’s the zimbabwee financial model gone american … , Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! } “Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical)…” , Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe. }

MarketWatch The coming June swoon Avi Gilburt

11 Reasons Why The Federal Reserve Should Be Abolished

http://albertpeia.com/fedreserveshouldbeabolished.htm

PaRTYiNG LiKe IT'S 1929... by : williambanzai7 http://albertpeia.com/greaterfoolsdepressionfestival.htm

Where Is The Recovery? A Higher Percentage Of Americans Had Jobs Three Years Ago

http://albertpeia.com/whatrecovery.htm

They Are Murdering Small Business: The Percentage Of Self-Employed Americans Is At A Record Low

http://albertpeia.com/recordlowselfemployed.htm

22 Facts That Prove That The Bottom 90 Percent Of America Is Systematically Getting Poorer

http://albertpeia.com/90percentofamericapoorer.htm

MaY DaY, May DaY, MaY DaY!!! http://albertpeia.com/commayday.htm

THe MoDeRN MoNeY OCToPuS... http://albertpeia.com/octopussies.htm

Will The New Housing Bubble That Bernanke Is Creating End As Badly As The Last One Did?

http://albertpeia.com/newbubblebigburst.htm

Welcome Back Recession: Chicago PMI Implodes To 49, First Sub-50 Print Since September 2009 Submitted by Tyler Durden on 04/30/2013 - TOTAL COLLAPSE.

The Crisis Is Imminent: “When The Real Crash Comes It Will Be Worse Than the Great Depression” Mac Slavo | “The United States is like the Titanic, and I’m here with the lifeboat trying to get people to leave the ship.”

Macro Collapse Pushes S&P 500 To New All-Time Nominal High And Close Submitted by Tyler Durden on 04/30/2013

A FeW BuNGaS MoRe Posted by: williambanzai7 Post date: 04/27/2013 - The Good, The Bunga and The Ugly... http://albertpeia.com/goodbadugly.htm

A BaSeMeNT, a BuLL HoRN and a JuNK ASS... Posted by: williambanzai7 Post date: 04/29/2013 - More from Dr Krugman... http://albertpeia.com/junkasses.htm

20 Signs That The Next Great Economic Depression Has Already Started In Europe

http://albertpeia.com/greatdepressionhasbegun.htm

The Jay-Z Illuminati Conspiracy: Are Beyonce And Jay-Z Seducing Our Kids Into The Occult?

http://endoftheamericandream.com

http://albertpeia.com/illuminaticonspiracy.htm

{ Come on! Niggers are total b***s***! But they like you to think they’re part of ‘something other/more’ than their pathetic reality. They’re as much so-called ‘illuminati’ as those somalian pirates. As far as the list of CFR members, what a bunch of f***ups … after all, look at the disastrous state of the world … oh yeah, there’s a new world order, supplanting the old new world order, largely owing to the f***ups f***ing up … some call that history … rather pathetic at that … yet, what can you expect … { 30 Population Control Quotes That Show That The Elite Truly Believe That Humans Are A Plague Upon The Earth http://albertpeia.com/humanplagueonearth.htm , http://albertpeia.com/45signsamericatinyelitemajoritypoor.htm , Corporatism: A System Of Control Designed By The Monopoly Men Of The Global Elite http://albertpeia.com/corporatistcontrol.htm , 29 Signs That The Elite Are Transforming Society Into A Total Domination Control Grid http://albertpeia.com/dominationcontrolgrid.htm { First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently, primitive apes. See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. } [ 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said: The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing
http://albertpeia.com/planetalreadyruined.htm ] The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

DeMiSe OF THe GReaT CHaiRSaTaN? http://albertpeia.com/demiseofbenchairsatan.htm

Albert Edwards' Bleak Crystal Ball Reveals Gold Above $10,000; S&P At 450 ; And Sub-1% Bond Yields Submitted by Tyler Durden on 04/25/2013 - "The late Margaret Thatcher had a strong view about consensus. She called it: “The process of abandoning all beliefs, principles, values, and policies in search of something in which no one believes, but to which no one objects.” The same applies to most market forecasts. With some rare exceptions (like our commodity analysts? recent prescient call for a slump in the gold price), analysts don?t like to stand out from the crowd. It is dangerous and career-challenging. In that vein, we repeat our key forecasts of the S&P Composite to bottom around 450, accompanied by sub-1% US 10y yields and gold above $10,000."

JPMorgan's Eligible Gold Plummets 65% In 24 Hours To All Time Low Submitted by Tyler Durden Just What Is Going On With The Gold In JPMorgan's Vault? A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... The unraveling of the Ponzi Burrito begins.. http://albertpeia.com/germangoldgone.htm

America The Fallen: 24 Signs That Our Once Proud Cities Are Turning Into Poverty-Stricken Hellholes

http://albertpeia.com/americanhellholes.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

IN CaSe You ARe WoNDeRiNG WHaT JuST HaPPeNeD AT AP... Posted by : williambanzai7 Post date: 04/23/2013 - A Banzai7 exclusive... http://albertpeia.com/hackflashcrash.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

Mourn For America: Whenever A Tragedy Happens They Take Even More Freedom From Us

http://albertpeia.com/mournforamerica.htm

TWo KiNDS OF TeRRoRiSTS... http://albertpeia.com/2kindsofterrorists.htm

EVoLuTioN oF A EURO SWiNe... http://albertpeia.com/euroswine.htm

17 Unanswered Questions About The Boston Marathon Bombing The Media Is Afraid To Ask

http://albertpeia.com/17unansweredquestionsmediaafraidtoask.htm

MeSSaGe To Mr KRuGMaN... http://albertpeia.com/feddykrugerands.htm

History Tells Us That A Gold Crash + An Oil Crash = Guaranteed Recession

http://albertpeia.com/goldcrashplusoilcrashequalsrecession.htm

Suspicious Photo of Gold-Bomber ben… by williambanzai7The Limerick King http://albertpeia.com/suspicioushelicopterbenphoto.htm

…The Takedown Of Gold A Sign That The Entire Global Financial System Is About To Crash … ?

http://albertpeia.com/globalfinancialsystemcrash.htm

‘…So who is behind all of this orchestration?  Well, according to Dr. Paul Craig Roberts, it is actually the Federal Reserve... The Federal Reserve began its April Fool’s assault on gold by sending the word to brokerage houses, which quickly went out to clients, that hedge funds and other large investors were going to unload their gold positions and that clients should get out of the precious metal market prior to these sales. As this inside information was the government’s own strategy, individuals cannot be prosecuted for acting on it. By this operation, the Federal Reserve, a totally corrupt entity, was able to combine individual flight with institutional flight. Bullion prices took a big hit, and bullishness departed from the gold and silver markets. The flow of dollars into bullion, which threatened to become a torrent, was stopped. In fact, Dr. Roberts says that former Goldman Sachs trader Andrew Maguire is reporting that the Fed orchestrated the dumping of 500 tons of naked gold shorts into the market on Friday... According to Andrew Maguire, on Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale. If he doesn’t have the item, he borrows it from someone who does, putting up cash collateral equal to the current market price. Then he sells the item, waits for it to fall in price, buys it back at the lower price and returns it to the owner who returns his collateral. If enough shorts are sold, the result can be to drive down the market price. As Dr. Roberts noted, this represents an absolutely massive amount of gold... Consider the 500 tons of paper gold sold on Friday. Begin with the question, how many ounces is 500 tons? There are 2,000 pounds to one ton. 500 tons equal 1,000,000 pounds. There are 16 ounces to one pound, which comes to 16 million ounces of short sales on Friday. Who has 16 million ounces of gold? At the beginning gold price that day of about $1,550, that comes to $24,800,000,000. Who has that kind of money? … A WHOLE LOT OF PEOPLE NEED TO BE CRIMINALLY INVESTIGATED. Meanwhile, many are considering this takedown of gold to be an ominous sign that another major financial crisis may be heading our way. Just remember what happened back in 2008.  As Zero Hedge noted on Monday, the price of gold suddenly plunged 21 percent in July 2008.  That was just a couple of months before the U.S. stock market crashed in the fall...’

El-Erian's Summary: "Virtually Every Market Is Trading At Very Artificial Levels"Submitted by Tyler Durden on 04/16/2013 - "In order for central banks to achieve their ultimate economic objective - which is growth and jobs - they have to push investors into taking more risk than is justified," is the somewhat chilling warning that PIMCO's Mohamed El-Erian gives in this excellent interview with the WSJ. "Central banks are operating through the wealth effect and animal spirits," El-Erian says peeling back the truth onion, as they prop up asset prices to "artificial levels, in virtually every market." Worries over the central bankers of the world withdrawing easy money policies too early are "unwarranted," he notes, adding that he suspects, "they will most likely stay too long and they will consciously make that mistake." Critically, though, he sends a message that appears to fit with many of our recent discussions (most recently here) that "if these levels aren’t validated by the fundamentals, then investors will get hurt."

MarketWatch Paul B. Farrell America needs a new war Commentary: Any one of these 10 flash points could trigger it, saving capitalism from itself. { I’m really disappointed by this article and will no longer follow or post links to farrell’s articles. Even if in jest, an exercise in sarcasm, or sophistry at its worst, such position is so absolutely uncivilized and in such poor taste and without any intellectual foundation that I must wonder how MarketWatch hasn’t really ‘watched’. I want to know what wars farrell’s fought in, or how many of his own children have died in same. I’m staunchly against communism which I’ve made no secret; but if farrell’s specious reasoning was correct (it’s not, economically and otherwise, but quite Orwellian), I honestly would then say, ‘Let capitalism die’! }

HeaDS I WiN... by: williambanzai7 http://albertpeia.com/headsiwin.htm

QE TiTaNiC 2013... by: williambanzai7 http://albertpeia.com/benusstitanicqeedkoed.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

5-08-13

Are We On The Verge Of Witnessing The Death Of The Paper Gold Scam?

http://theeconomiccollapseblog.com

http://albertpeia.com/deathofpapergoldscam.htm

See for Yourself: Syrian Government Likely Did Not Use Chemical Weapons Posted by : George Washington Post date: 05/08/2013 - Who Should You Believe …  The UN Investigator or the U.S.? Why America Fell So Far … So Fast Posted by: George Washington Post date: 05/07/2013 - All Empires Crash Soon After They Reach Their Peak

Where is the Vol? Posted by: SurlyTrader Post date: 05/08/2013 - Is the low implied volatility a harbinger of good things to come, or just one final act in luring the sheep to the yield chasing slaughter...

UNHaPPY EURO AuSTeRiTY DaY 2013! Posted by: williambanzai7 Post date: 05/08/2013 - May Nein 2013...

MarketWatch Hunting the last bear Wall Street needs its own Endangered Species Act since it seems everyone is now a bull. By John Nyaradi ‘… It seems that everyone on Wall Street is a bull today as the S&P 500 SPX +0.41% and Dow Jones Industrial Average DJIA +0.32%  have settled into a predictable routine of "another day, another record," despite the steady stream of negative macro economic data.

Bears, now virtually extinct, were hoping instead for a feast as the poor economic reports came pouring in over recent days:

1. April nonfarm payrolls — a mediocre 165,000 payroll jobs added which was celebrated as a huge win by markets last week.

2. ISM nonmanufacturing report showed a decline to 53.1, broadly missing expectations.

3. April manufacturing ISM report posted a drop to 50.7 from 51.3 in March. Because 50 is the threshold which distinguishes contraction from expansion, the April manufacturing PMI fell to just barely within the expansionary range.

4. Euro-zone manufacturing PMI for April declined to 46.7 from 46.8 in March while euro-zone retail sales declined by 0.1% in March. For the 27-nation European Union, March retail sales fell by 0.2%,

5. Euro-zone unemployment came in at 12.1% in March.

6. April's HSBC China Composite PMI (which covers both manufacturing and services) declined to 51.1 from 53.5 in March, indicating the weakest rate of expansion since last October. Hong Kong's PMI also settled into contractionary territory at 49.9, down from 50.5 in March.

Despite all the bad economic news, Wall Street bears look positively cadaverous as financial markets levitate higher and seemingly disconnect from the real economy. This disconnect is generating an expanding discussion, and even a name, "The Great Disconnect," which has followed "The Great Recession," as Wall Street's fortunes look decidedly different from those on Main Street.

Everyone seems to be in agreement that the recent financial levitation has been generated by global central banks, and during his presentation at last week's 10th annual Strategic Investment Conference, presented by Altegris Investments and John Mauldin, Pimco's Mohamed El-Erian emphasized that investors must be ready for the "hand off" by central banks, when the era of assisted support gives way to the era of organic growth.

Even the Oracle of Omaha, Warren Buffett, has joined the discussion by saying that when the Federal Reserve finally raises interest rates from their current near-zero level, it will be the "shot heard around the world".

As the discussion grows louder, the Federal Reserve seems to be coming under ever intensifying pressure, and that was in evidence last week when the Fed announced that it would continue its bond-buying program. known as quantitative easing. Longtime Fed critic Ron Paul emphasized that the program works only to the advantage of big bankers and politicians, while hurting middle-class and impoverished Americans. Warren Buffett echoed a similar theme when he pointed out — at Berkshire Hathaway's BRK.A +0.96% annual shareholders' meeting in Nebraska — that the Fed's quantitative easing program has made life difficult for people who live on fixed-income investments…’ { Modern 1920’s redux … all we need are ‘flappers’! }

The Price Of Copper And 11 Other Recession Indicators That Are Flashing Red Submitted by Tyler Durden on 05/08/2013 - There are a dozen significant economic indicators that are warning that the U.S. economy is heading into a recession.  The Dow may have soared past the 15,000 mark, but the economic fundamentals are telling an entirely different story.  If historical patterns hold up, the economy is heading for a very rocky stretch. But most average Americans are not that concerned with the performance of the stock market.  They just want to be able to go to work, pay the bills and provide for their families.  During the last recession, millions of Americans lost their jobs and millions of Americans lost their homes.  If we have another major recession, that will happen again.  Sadly, it appears that another major recession is quickly approaching. The following are 12 recession indicators that are flashing red... http://albertpeia.com/recessionindicatorsflashingred.htm { Modern 1920’s redux … all we need are ‘flappers’! }

This Is What Happens As America Converts Into A Nation Of Renters Submitted by Tyler Durden on 05/08/2013 -Wall Street got into the single-family home business about a year ago. The win-win idea is to buy and rent until prices increase enough to make selling profitable. Investors can improve neighborhoods by fixing up vacant or damaged properties and providing lower-cost housing to people who are recovering from a foreclosure. But, as The Sacramento Bee reports, a responsible landlord is not guaranteed, and while no one is bashing renters, experts say it is human nature to care more for where you live when you own. The idea of a long-term home means more attention is paid to its upkeep and more consideration is given to neighbors, but "renters can change the culture of a neighborhood. In West Palm Beach, FL (where landlords are required to get licenses), applications are up from 296 in 2011 to 399 last year with one entity owning 150 'unregistered' homes: "it's a free-for-all, there's no such thing as a community anymore."

Biderman Bashes Buffett's Biased Bearish Bond BanalitiesSubmitted by Tyler Durden on 05/08/2013 - The mainstream media was cock-a-hoop to use Warren Buffett's recent diatribe against being a bond buyer (because prices are artificially high due to the Fed creating phony money and at some point the Fed will stop) as more evidence that stocks are the only game in town. TrimTabs' CEO Charles Biderman questions Buffett's seemingly disingenuous one-sided perspective - "stocks are just as vulnerable as bonds to the Fed withdrawing the narcotic known as free money, why does Mr. Buffett say stock prices are reasonable? To me, logic says stocks are just as overpriced as bonds." Biderman's point is that one cannot look at one market without implications for the other, and as we have noted numerous times, the only thing that matters is the flow (not the stock) of the balance sheet expansion. The Fed is buying up the entire US Government deficit and then some, Biderman explains, "that means there is lots of extra cash floating around the financial markets bidding up the prices of not just bonds but stocks as well;" so while we agree with Mr. Buffet that at some point bond prices have to drop significantly, so do stocks.

Fun With Fibonacci FlashbacksSubmitted by Tyler Durden on 05/08/2013 - When a 'blog' puts the words Fibonacci, Gold, and Stocks in the same post, it well and truly earns its 'tin-foil-hat'-wearing "digital dickweed" honors. And so, we present, for the edification of all those who believe in gold as the only sound numeraire for judging value; for those who believe it's never different this time; and for those who believe in dead-dog-bounces; the Dow in Gold in the 30s, 70s, and Now...

Fed's Fisher To Santelli: "This Can't Go On Forever"Submitted by Tyler Durden on 05/08/2013 - While notably 'not' the Fed's opinion, Dallas Fed head Richard Fisher provided more than a few compellingly truthy comments in this excellent discussion with CNBC's Rick Santelli. It is fiscal policy that is holding us back, he warns, "we have a massive fog here," and despite the extremely accommodation monetary policy, we are not seeing the transmission to job creation." The "conditions of total uncertainty," mean the politicians are holding us back; but it is when Santelli asks him about the Fed's exit that things get a little uncomfortable, "no central bank anywhere on the planet has the experience of successfully navigating a return home from the place in which we now find ourselves." When pressed he exposes the flaw (much to the chagrin of Kuroda and Bernanke we suspect), "somewhere we have to have practical limits as to where we can build the balance sheet. We're moving in the direction of a $4 trillion balance sheet. We know we can't go on forever."

JPM Eligible Vault Gold Drops To Fresh RecordSubmitted by Tyler Durden on 05/08/2013 - Two weeks ago we reported about one of the biggest daily withdrawals of eligible gold from the JPM gold vault, it not on an absolute basis, then certainly on a relative, when in one day over 260k ounces of gold were withdrawn, leaving a record low 141.6k ounces, or just over 4 tons of gold in the vault. Subsequently, we tracked the daily additions and withdrawals of gold from the vault to see if any other major withdrawal request would come, instead discovering instance after instance of JPM reclassifying Registered gold into Eligible, which is how the vault saw its eligible inventory rish back to 195K ounces as of yesterday, without any actual net additions or more importantly withdrawals. It seems the pause of withdrawals has ended, and as of yesterday, another delivery led to a withdrawal of 53,658 ounces, or 28.5% of the total, leaving a fresh record low inventory of only 137,377 eligible ounces in the vault.

JP Morgan Has Zero Trading Losses In The First QuarterSubmitted by Tyler Durden on 05/08/2013 - Earlier it was Bank of America reporting a perfect trading quarter, with profitability on 60 out of 60 trading days, and now it is JPMorgan's turn. Moments ago, Jamie Dimon's firm filed a 10Q in which, among other things, it announced than in the quarter ended March 31, it was profitable on 63 out of 63 trading days and had one day in which it gained more than $200 million, or said simply another case of trading perfection unmatched anywhere in the known universe except perhaps by sellers of newsletters on Twitter. It was not immediately clear why JPM got a freebie of three extra profitable trading days in the quarter compared to BofA, although we suspect Jamie Dimon's presidential cufflinks may have something to do with it. What is clear is that the probability of one firm trading without error for an entire quarter, let alone two (and soon more as other banks file their 10-Qs) is slim to quite slim. Although not nearly as slim as whoever the hot chick is on Dancing with the Stars this season, which we are confident is the only thing the bulk of the population cares about. For everyone else, there's E(rror free)-trade.

Elon Musk's SolarCity Sues Government For More SubsidiesSubmitted by Tyler Durden on 05/08/2013 -When you donate hundreds of thousands of dollars to re-election campaigns and push more hundreds of thousands of dollars through lobbying, you expect a little more back than the measly $95.6 million that SolarCity received in stimulus grants. The company, chaired by none other than Elon Musk, had applied for $325 million in federal aid in the same program that 'helped' Solyndra (and Tesla) and is now, according to the Wall Street Journal, suing the government for underpayment of green-energy subsidies. It seems SolarCity are using the M.A.D. defense, claiming that "they could lose millions more," if the government fails to provide the subsidies they asked for. As National Review details, SolarCity is one of the solar companies that is being investigated by the IRS after Treasury found that it "repeatedly overstated the value of its investments." So far the Treasury has paid out over $17 billion in green-energy stimulus grants and this case is not without precedent as a number of other renewable-energy firms are set to file suit.

Another Day, Another Record High CloseSubmitted by Tyler Durden on 05/08/2013 - From the November lows, the S&P 500 has gained an impressive 21.5%. This is at an annualized rate of over 50% with 4 very modest 'dips' that have been snapped up by those that should know better. The Dow topped 15,100 - yay! Until the last hour of the day, VIX was very much not in agreement with the exuberance in stocks but the mid-afternoon swoon in stocks (Druckenmiller?) that corrected futures to VWAP was just what was needed to spark some furious volatility selling euphoria and crush VIX back to its lows of the day. Despite the equity excitement, 'most shorted' names actually underperformed (for once) but every effort at selling was met with a squeeze (especially into the close). Treasuries ended lower in yield for the second day in a row with stocks higher. Credit markets remain under-impressed for the second-day with IG and HY both wider on the day. Commodities generally improved on the day (with Copper's early euphoria fading as the day went on) as the USD leaked lower (with everything stronger against it aside from AUD). Today was the highest average trade size in S&P futures of the year (on sub-average volume).

Frontrunning: May 8

Submitted by Tyler Durden on 05/08/2013

Pentagon Plans for the Worst in Syria (WSJ)

Russia and US agree to Syria conference after Moscow talks (FT)

Hedge Funds Rush Into Debt Trading With $108 Billion (BBG)

Detroit is the new "deep value" - Hedge funds in search of distress take a look at Detroit (Reuters)

Commodities hedge funds suffer weak first quarter (FT)

But... but... Abenomics - Toshiba posts 62% decline in Q1 net profit (WSJ)

Americans Are Borrowing Again but Still Less Than Before Freeze (WSJ)

Man Utd announce Alex Ferguson to retire (FT)

Asmussen Says ECB Discussed ABS Purchases to Spur SME Lending (BBG)

Benghazi Attack Set for New Review (WSJ)

Belgium Says 31 People Arrested Over $50 Million Diamond Theft (BBG)

Brazilian diplomat Roberto Azevêdo wins WTO leadership battle (FT)

Bangladesh Garment Factory Building Collapse Toll Reaches 782 (BBG)

Quiet Overnight Session Punctuated By Made Up Chinese, Stronger Than Expected German DataSubmitted by Tyler Durden on 05/08/2013 - The overnight economic data dump started in China, where both exports and imports rose more than expected, at 14.7% and 16.8% respectively, on expectations of a 9.2% and 13% rise. The result was a trade surplus of $18.16 billion versus expectations of $16.15 billion. The only problem with the data is that as always, but especially in the past few months, it continued to be completely made up as SocGen analysts, and others, pointed out. The good data continued into the European trading session, where moments ago German Industrial Production rose 1.2% despite expectations of a -0.1% drop, up from 0.6% and the best print since March 2012. The followed yesterday's better than expected factory orders data, which also came at the best level since October. Whether this data too was made up, remains unknown, but it is clear that Germany will do everything it can to telegraph its economic contraction is not accelerating. It also means that any concerns of an imminent ECB rate cut, or a negative deposit rate, are likely overblown for the time being, as reflected in the kneejerk jump in the EURUSD higher.

RANsquawk EU Market Re-Cap - 8th May 2013Submitted by RANSquawk Video on 05/08/2013

Visualizing The Collapse Of Fiat Currencies

THe Oracle oF OMaHa... http://albertpeia.com/oracleomahaho.htm

The Price Of Copper And 11 Other Recession Indicators That Are Flashing Red

http://albertpeia.com/recessionindicatorsflashingred.htm

MarketWatch Survive the financial apocalypse Paul Merriman We're heading for a major decline. Here are 9 steps to take to protect yourself.

29 Shocking Facts That Prove That College Education In America Is A Giant Money Making Scam

http://albertpeia.com/collegedscam.htm

The U.S. Government Is Monitoring All Phone Calls, All Emails And All Internet Activity

http://albertpeia.com/usgovmonitoringall.htm

Benghazi: New Evidence Emerges Posted by : George Washington Post date: 05/07/2013 - What REALLY Happened?

Why America Fell So Far … So Fast Posted by: George Washington Post date: 05/07/2013 - All Empires Crash Soon After They Reach Their Peak

Jeremy Grantham: "We Have Been Conned" ‘The lessons of Jeremy Grantham's recent interview with Charlie Rose seem to be becoming increasingly prescient as the stock market surges to new highs amid a crumbling macro (and micro) economy... ‘

ToNeR MaN... williambanzai7 http://albertpeia.com/tonerman.htm

THe HouSe oF JP ENRoN CRoSSWoRD PuZZLe... williambanzai7 http://albertpeia.com/jpenroncrossword.htm

The Financial Press: A Disinformation Machine Paul Craig Roberts | Let’s take a walk through the BLS report and you can arrive at your own conclusion. { All bad news and these ever more worthless commissioned-paper (actually not even) shares at lightning computerized speed are rallying … just like zimbawee (the best performing stock-market of the decade past) … and just like zimbabwee, they’re all a bunch of niggers on wall street (their QE welfare everyone’s paying for included) … no wonder this country’s done/in protracted decline! This is an all too familiar scam that as before, everyone is and will be paying for. How does it feel to be dumb! [Parenthetically, just this moment, an ‘equities expert’ (on one of those syndicated business programs, NBR-just bought out by cnbc which means they just got a lot dumber and I had to turn it off and will never watch NBR again…nbc is a horrible propaganda network (finishing deservingly last among the so-called ‘majors’), mobsters like trump on that ‘apprentice thing’ with toothy nutcases like gary busey, etc.. ‘No credibility whatsoever and a total joke!) said house prices (as well as the ‘paper shares’, gas, oil, food staples, meat, etc.) are rising (duh! … contraindicated implication-‘happy days are here again’)… riiiiight … just like zimbabwee! How pathetic! ]
Goldman 'Explains' The 'Market': "Best Not To Look A Gift-Horse In The Mouth" ZH { Riiiiight! Sounds like a plan! The ‘gift-horse’ that’s … not a gift-horse at all … You’re paying through your nose and teeth. It was amusing to see mainstream media puzzling over the record high gas prices so early in this time of year, and as well, the coming jump in beef prices. There’s no mystery here! This is the natural and inevitable concomitant to ‘printing presses gone wild’. Not printing presses for product for intellectual consumption; but rather, printing presses (whether by print or computer ledger entry) for those ever more worthless paper fiat dollars backed by nothing but insurmountable debt of a defacto bankrupt nation. Remember: There’s no free lunch … fraudulent wall street’s predictable/intended gain (from QE, currency debasement, etc.) is your substantial pain! It’s the zimbabwee financial model gone american … , Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! } “Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical)…” , Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe. }

MarketWatch The coming June swoon Avi Gilburt

11 Reasons Why The Federal Reserve Should Be Abolished

http://albertpeia.com/fedreserveshouldbeabolished.htm

PaRTYiNG LiKe IT'S 1929... by : williambanzai7 http://albertpeia.com/greaterfoolsdepressionfestival.htm

Where Is The Recovery? A Higher Percentage Of Americans Had Jobs Three Years Ago

http://albertpeia.com/whatrecovery.htm

They Are Murdering Small Business: The Percentage Of Self-Employed Americans Is At A Record Low

http://albertpeia.com/recordlowselfemployed.htm

22 Facts That Prove That The Bottom 90 Percent Of America Is Systematically Getting Poorer

http://albertpeia.com/90percentofamericapoorer.htm

MaY DaY, May DaY, MaY DaY!!! http://albertpeia.com/commayday.htm

THe MoDeRN MoNeY OCToPuS... http://albertpeia.com/octopussies.htm

Will The New Housing Bubble That Bernanke Is Creating End As Badly As The Last One Did?

http://albertpeia.com/newbubblebigburst.htm

Welcome Back Recession: Chicago PMI Implodes To 49, First Sub-50 Print Since September 2009 Submitted by Tyler Durden on 04/30/2013 - TOTAL COLLAPSE.

The Crisis Is Imminent: “When The Real Crash Comes It Will Be Worse Than the Great Depression” Mac Slavo | “The United States is like the Titanic, and I’m here with the lifeboat trying to get people to leave the ship.”

Macro Collapse Pushes S&P 500 To New All-Time Nominal High And Close Submitted by Tyler Durden on 04/30/2013

A FeW BuNGaS MoRe Posted by: williambanzai7 Post date: 04/27/2013 - The Good, The Bunga and The Ugly... http://albertpeia.com/goodbadugly.htm

A BaSeMeNT, a BuLL HoRN and a JuNK ASS... Posted by: williambanzai7 Post date: 04/29/2013 - More from Dr Krugman... http://albertpeia.com/junkasses.htm

20 Signs That The Next Great Economic Depression Has Already Started In Europe

http://albertpeia.com/greatdepressionhasbegun.htm

The Jay-Z Illuminati Conspiracy: Are Beyonce And Jay-Z Seducing Our Kids Into The Occult?

http://endoftheamericandream.com

http://albertpeia.com/illuminaticonspiracy.htm

{ Come on! Niggers are total b***s***! But they like you to think they’re part of ‘something other/more’ than their pathetic reality. They’re as much so-called ‘illuminati’ as those somalian pirates. As far as the list of CFR members, what a bunch of f***ups … after all, look at the disastrous state of the world … oh yeah, there’s a new world order, supplanting the old new world order, largely owing to the f***ups f***ing up … some call that history … rather pathetic at that … yet, what can you expect … { 30 Population Control Quotes That Show That The Elite Truly Believe That Humans Are A Plague Upon The Earth http://albertpeia.com/humanplagueonearth.htm , http://albertpeia.com/45signsamericatinyelitemajoritypoor.htm , Corporatism: A System Of Control Designed By The Monopoly Men Of The Global Elite http://albertpeia.com/corporatistcontrol.htm , 29 Signs That The Elite Are Transforming Society Into A Total Domination Control Grid http://albertpeia.com/dominationcontrolgrid.htm { First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently, primitive apes. See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. } [ 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said: The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing
http://albertpeia.com/planetalreadyruined.htm ] The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

DeMiSe OF THe GReaT CHaiRSaTaN? http://albertpeia.com/demiseofbenchairsatan.htm

Albert Edwards' Bleak Crystal Ball Reveals Gold Above $10,000; S&P At 450 ; And Sub-1% Bond Yields Submitted by Tyler Durden on 04/25/2013 - "The late Margaret Thatcher had a strong view about consensus. She called it: “The process of abandoning all beliefs, principles, values, and policies in search of something in which no one believes, but to which no one objects.” The same applies to most market forecasts. With some rare exceptions (like our commodity analysts? recent prescient call for a slump in the gold price), analysts don?t like to stand out from the crowd. It is dangerous and career-challenging. In that vein, we repeat our key forecasts of the S&P Composite to bottom around 450, accompanied by sub-1% US 10y yields and gold above $10,000."

JPMorgan's Eligible Gold Plummets 65% In 24 Hours To All Time Low Submitted by Tyler Durden Just What Is Going On With The Gold In JPMorgan's Vault? A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... The unraveling of the Ponzi Burrito begins.. http://albertpeia.com/germangoldgone.htm

America The Fallen: 24 Signs That Our Once Proud Cities Are Turning Into Poverty-Stricken Hellholes

http://albertpeia.com/americanhellholes.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

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America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

Mourn For America: Whenever A Tragedy Happens They Take Even More Freedom From Us

http://albertpeia.com/mournforamerica.htm

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17 Unanswered Questions About The Boston Marathon Bombing The Media Is Afraid To Ask

http://albertpeia.com/17unansweredquestionsmediaafraidtoask.htm

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History Tells Us That A Gold Crash + An Oil Crash = Guaranteed Recession

http://albertpeia.com/goldcrashplusoilcrashequalsrecession.htm

Suspicious Photo of Gold-Bomber ben… by williambanzai7The Limerick King http://albertpeia.com/suspicioushelicopterbenphoto.htm

…The Takedown Of Gold A Sign That The Entire Global Financial System Is About To Crash … ?

http://albertpeia.com/globalfinancialsystemcrash.htm

‘…So who is behind all of this orchestration?  Well, according to Dr. Paul Craig Roberts, it is actually the Federal Reserve... The Federal Reserve began its April Fool’s assault on gold by sending the word to brokerage houses, which quickly went out to clients, that hedge funds and other large investors were going to unload their gold positions and that clients should get out of the precious metal market prior to these sales. As this inside information was the government’s own strategy, individuals cannot be prosecuted for acting on it. By this operation, the Federal Reserve, a totally corrupt entity, was able to combine individual flight with institutional flight. Bullion prices took a big hit, and bullishness departed from the gold and silver markets. The flow of dollars into bullion, which threatened to become a torrent, was stopped. In fact, Dr. Roberts says that former Goldman Sachs trader Andrew Maguire is reporting that the Fed orchestrated the dumping of 500 tons of naked gold shorts into the market on Friday... According to Andrew Maguire, on Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale. If he doesn’t have the item, he borrows it from someone who does, putting up cash collateral equal to the current market price. Then he sells the item, waits for it to fall in price, buys it back at the lower price and returns it to the owner who returns his collateral. If enough shorts are sold, the result can be to drive down the market price. As Dr. Roberts noted, this represents an absolutely massive amount of gold... Consider the 500 tons of paper gold sold on Friday. Begin with the question, how many ounces is 500 tons? There are 2,000 pounds to one ton. 500 tons equal 1,000,000 pounds. There are 16 ounces to one pound, which comes to 16 million ounces of short sales on Friday. Who has 16 million ounces of gold? At the beginning gold price that day of about $1,550, that comes to $24,800,000,000. Who has that kind of money? … A WHOLE LOT OF PEOPLE NEED TO BE CRIMINALLY INVESTIGATED. Meanwhile, many are considering this takedown of gold to be an ominous sign that another major financial crisis may be heading our way. Just remember what happened back in 2008.  As Zero Hedge noted on Monday, the price of gold suddenly plunged 21 percent in July 2008.  That was just a couple of months before the U.S. stock market crashed in the fall...’

El-Erian's Summary: "Virtually Every Market Is Trading At Very Artificial Levels"Submitted by Tyler Durden on 04/16/2013 - "In order for central banks to achieve their ultimate economic objective - which is growth and jobs - they have to push investors into taking more risk than is justified," is the somewhat chilling warning that PIMCO's Mohamed El-Erian gives in this excellent interview with the WSJ. "Central banks are operating through the wealth effect and animal spirits," El-Erian says peeling back the truth onion, as they prop up asset prices to "artificial levels, in virtually every market." Worries over the central bankers of the world withdrawing easy money policies too early are "unwarranted," he notes, adding that he suspects, "they will most likely stay too long and they will consciously make that mistake." Critically, though, he sends a message that appears to fit with many of our recent discussions (most recently here) that "if these levels aren’t validated by the fundamentals, then investors will get hurt."

MarketWatch Paul B. Farrell America needs a new war Commentary: Any one of these 10 flash points could trigger it, saving capitalism from itself. { I’m really disappointed by this article and will no longer follow or post links to farrell’s articles. Even if in jest, an exercise in sarcasm, or sophistry at its worst, such position is so absolutely uncivilized and in such poor taste and without any intellectual foundation that I must wonder how MarketWatch hasn’t really ‘watched’. I want to know what wars farrell’s fought in, or how many of his own children have died in same. I’m staunchly against communism which I’ve made no secret; but if farrell’s specious reasoning was correct (it’s not, economically and otherwise, but quite Orwellian), I honestly would then say, ‘Let capitalism die’! }

HeaDS I WiN... by: williambanzai7 http://albertpeia.com/headsiwin.htm

QE TiTaNiC 2013... by: williambanzai7 http://albertpeia.com/benusstitanicqeedkoed.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

5-07-13

THe Oracle oF OMaHa... Posted by: williambanzai7 Post date: 05/07/2013 - Wise words for fringe low brow trading types... http://albertpeia.com/oracleomahaho.htm

The Price Of Copper And 11 Other Recession Indicators That Are Flashing Red

http://theeconomiccollapseblog.com

http://albertpeia.com/recessionindicatorsflashingred.htm

MarketWatch Survive the financial apocalypse Paul Merriman We're heading for a major decline. Here are 9 steps to take to protect yourself.

29 Shocking Facts That Prove That College Education In America Is A Giant Money Making Scam

http://endoftheamericandream.com

http://albertpeia.com/collegedscam.htm

The U.S. Government Is Monitoring All Phone Calls, All Emails And All Internet Activity

http://endoftheamericandream.com

http://albertpeia.com/usgovmonitoringall.htm

Benghazi: New Evidence Emerges Posted by : George Washington Post date: 05/07/2013 - What REALLY Happened?

Why America Fell So Far … So Fast Posted by: George Washington Post date: 05/07/2013 - All Empires Crash Soon After They Reach Their Peak

Jeremy Grantham: "We Have Been Conned" Submitted by Tyler Durden on 05/07/2013 - The lessons of Jeremy Grantham's recent interview with Charlie Rose seem to be becoming increasingly prescient as the stock market surges to new highs amid a crumbling macro (and micro) economy. "Bernanke is whipping the economic donkey that can only grow at 1-2% as if it was a race horse growing above 3%," and unfortunately he will keep doing it "until the donkey is dead." As Grantham says, it is a "very dangerous situation to have the most powerful man in the world," doing this as simply put, the Fed, "does not have the tools to generate employment." But while Grantham's clarity on Bernanke's actions are unquestionable in their endgame, his views (below) on Keynes, debt, and wealth transfer are even more concerning. "We had this amazing experiment... but we have been conned into believing by the financial world that debt is everything."

FOMO Is The New POMOSubmitted by Tyler Durden on 05/07/2013 - By now everyone knows that POMO is the daily physical manifestation of the Fed's love for the "1%", and the trillions in underfunded pension and stock-linked entitlements, taking place (almost) every day in the hours between 10:15am and 11:00 am Eastern, when the NY Fed's trading desk injects between $1 and $6 billion in the stock market. What many may not know is that while POMO was the name of the game since 2009 (just think where the S&P would be if the "market" was only open on Thursday, during the 45 minute duration of POMO, and between 3:30 pm and 4:15 pm), it may have finally met its homophonous match, courtesy of Citigroup. So step aside POMO. Presenting.... FOMO, or Fear Of Missing Out.

Visualizing The Collapse Of Fiat CurrenciesSubmitted by Tyler Durden on 05/07/2013 - Presented with little comment - aside to note, it's never different this time...

11 Reasons Why The Federal Reserve Should Be AbolishedSubmitted by Tyler Durden on 05/07/2013 - If the American people truly understood how the Federal Reserve system works and what it has done to us, they would be screaming for it to be abolished immediately.  It is a system that was designed by international bankers for the benefit of international bankers, and it is systematically impoverishing the American people. The Federal Reserve system is the primary reason why our currency has declined in value by well over 95 percent and our national debt has gotten more than 5000 times larger over the past 100 years. The Fed creates our "booms" and our "busts", and they have done an absolutely miserable job of managing our economy. So why is the Federal Reserve doing it?  Sadly, this is the way it works all over the globe today.  In fact, all 187 nations that belong to the IMF have a central bank.  But the truth is that there are much better alternatives.

Guest Post: Was Israel’s Attack Against Syria Really An Attack Against Iran?Submitted by Tyler Durden on 05/07/2013 - Over the weekend Israel carried out two air strikes against Syrian positions within 48 hours. Iran is a strong supporter of Assad’s regime in Syria, and is deeply involved in the efforts to repel the rebel forces. Israel has long voiced its desires to attack Iran in order to force them to end their nuclear program before they achieve the capability to create nuclear weapons. This attack against Syria could be viewed as an indirect attack on Iran. "Israel is taking a calculated risk that Assad, Iran and Hezbollah are right now fighting a war against the Syrian rebels and probably don’t want to open up a second front against a far more formidable enemy."

Americans Convinced Gun Homicides Soar Despite Actual Plunge In Gun CrimesSubmitted by Tyler Durden on 05/07/2013 - In yet another example of the massive gap between the American people's perception of what is going on around them (whether by propaganda channels or simply cognitive bias) and the actual reality, Reuters reports that while gun-related homicides are down 39% from the 1993 peak, only 12% of people believe that gun crimes have fallen. Non-fatal firearm crimes declined by 69% to 467,300 in the same period but 56% of Americans believe that gun crime is higher now than it was 20 years ago, the Pew Research Center said its poll showed. The dichotomy between record food stamp usage (and non-employment) and multi-year highs in consumer sentiment comes to mind - we wonder which is more 'real'.

Extreme Complacency Trumps Macro's Biggest 5-Week Plunge In Two YearsSubmitted by Tyler Durden on 05/07/2013 - Of course, it doesn't matter (for now) but today's JOLTS data internals and Consumer Credit's miss just piled on to the misery and pushed Bloomberg's US Macro Surprise Index to its lowest in seven months. What is worse is the rate of collapse - the last five weeks have dropped faster than at any time since May 2011. The current level of US macro data suggests the S&P should be over 200 points lower - but as the charts below show relative volatility levels are more complacent now than in the pre-crisis vinegar strokes in 2008.

Guest Post: Debunking The Keynesian Policy Framework: The Myth Of The Magic PendulumSubmitted by Tyler Durden on 05/07/2013 - The policy approach that no one dares to question - "In the long-term, we need to fix our public finances. We’re on an unsustainable path that needs to be corrected to protect younger and future generations. But in the short-term, we need to focus on growth. The economy stinks and people are suffering. Any attempt to lower debt in these conditions would be folly. On the contrary, the government needs to provide more stimulus to promote growth" has no support to its key premise in business cycle history, the idea that the economy will return to full employment and stick there, allowing ample time for debt reduction. Once stimulus is removed, expansions often struggle to continue for much longer. And if the stimulus is replaced with restraint, it seems logical that the expansion’s expected life shortens further. In other words, there is no Magic Pendulum. What’s the typical life of an unassisted expansion? Based on the data presented here, I’ll call it two years.

Generation J(obless): A Quarter Of The Planet's Youth Is Neither Working Nor StudyingSubmitted by Tyler Durden on 05/07/2013 - We recently discussed the 'dead-weight' problem of youth unemployment in developed economies. The Economist estimates that the world's population of NEETs (not in employment, education, or training) is a stunning 290 million - or around one-quarter of the world's youth. Sadly, many of the 'employed' young have only informal and intermittent jobs. In rich countries more than a third, on average, are on temporary contracts which make it hard to gain skills. Young people have long had a raw deal in the labour market. Why is this so important? A number of studies have found that people who begin their careers without work are likely to have lower wages and greater odds of future joblessness than those who don’t. A wage penalty of up to 20%, lasting for around 20 years, is common. The scarring seems to worsen fast with the length of joblessness and is handed down to the next generation, too - leading to a vicious cycle that weighs on growth dramatically. With a stunning 71% now expecting to work in their 'retirement' in the US, it would seem the opportunity for the jobs and wealth transfer to the younger generation is being blocked by a generation hamstrung by an increasingly repressive Federal Reserve.

Lacy Hunt: Cyclical Hurdles For A Highly Over-Leveraged EconomySubmitted by Tyler Durden on 05/07/2013 - The financial and other markets do not seem to reflect the reality of subdued growth is how Hoisington Investment's Lacy Hunt describes the current environment. Stock prices are high, or at least back to levels reached more than a decade ago, and bond yields contain a significant inflationary expectations premium. Stock and commodity prices have risen in concert with the announcement of QE1, QE2 and QE3. Theoretically, as well as from a long-term historical perspective, a mechanical link between an expansion of the Fed's balance sheet and these markets is lacking. It is possible to conclude, therefore, that psychology typical of irrational market behavior is at play. As Lance Roberts notes, Hunt suggests that when expectations shift from inflation to deflation, irrational behavior might adjust risk asset prices significantly. Such signs that a shift is beginning can be viewed in the commodity markets. "Debt is future consumption denied," and regardless of the current debate - Reinhart and Rogoff were right. Simply put, "the problems have not been solved, they have merely been contained."

The Reality-Is-Perception GapSubmitted by Tyler Durden on 05/07/2013 - With retail stocks surging on the back of the any-minute-now recovery (justified by the might of the Federal Reserve printing press), we thought it perhaps useful to consider just how great things are in the retail sales space. Given the non-stop accelerating rise in the equity prices, retail sales must be accelerating or must have turned up green-shoot-like? Well not so much. As the following chart shows, while retail sales (ex-food) is still rising modestly YoY, it is doing so a decelerating pace (as income growth stagnates and discretionary income slumps). But for now, all we must believe is the market knows best (until, 2008-like) it doesn't.

A Hard Look At EuropeSubmitted by Tyler Durden on 05/07/2013 - In the beginning there were a handful of core nations equal in partnership and full of the excitement of a new venture. Much of the esprit was a desire to band together and compete against the United States for economic dominance and world power. Now we find the EU headquarters no longer staffed by equals but a useful front for Berlin which resides in another country. This point is critically important to understand. Yes, sure, the Germans will smile and nod and give way on agricultural supplements and on fishing rights and trivial matters but when it gets down to it and the decision is important; Berlin will have its way. The fact that the equity markets have done fabulously and that the interest rates for European sovereign debt have done remarkably well all rest on one thing and one thing only; the creation of money and a massive amount of it. Europe, and the rest of the world for that matter, has been transformed by the printing of money. The dislocation between economies and markets is huge and the glue is the twenty-four seven machinations of the printing presses. Politicians in Europe and America have taken a back seat to the heads of the world's central banks. Lastly, as I stare out at the horizon, you should understand the German viewpoint of the State. You win by being in control and control must always be exercised and never relinquished.

French Industrial Production Confirms Hollande's Triple-Dip FearsSubmitted by Tyler Durden on 05/07/2013 - French industrial production came in considerably lower than expected overnight. France's output fell 2.5% YoY against an expectation of a mere 1.4% drop and manufacturing production dropped 4.9% YoY - almost its worst since the crisis. This data confirms what we have discussed in detail (here and here) that France is heading for a depression. After the briefest of renaissances in Q3 2012, the Gallic nation now looks set for a triple-dip recession, further stretching the core of an already tense European Union. The last few days have seen 10Y French debt yields increase a little (+17bps off the lows) but they remain (much as the rest of Europe) near record lows.

No Recovery Here Either: Home Renovation Spending Plummets To 2010 LevelsSubmitted by Tyler Durden on 05/07/2013 - One of the widely accepted misconceptions surrounding the so-called "housing recovery" fanfared by misleading headlines such as this "Remodeling activity keeps up positive momentum", which in reality has merely turned out to be a housing bubble in various liquified "flip that house" MSAs (offset by continuing deteriorating conditions in those places where the Fed's trillions in excess reserves have trouble reaching coupled with ongoing foreclosure stuffing), is that "renovation spending", the amount of cash spent to upgrade and update a fixer-upper, has surged. Sadly, this is merely the latest lie about the US economy: as the attached chart showing renovation spending in the past 6 months, it has absolutely imploded, confirming that not only is a broad housing recovery a myth (instead of localized pockets of bubbly liquidity here and there), but that the US home-owning household is now more tapped out than at any time in the past two years.

Frontrunning: May 7

Submitted by Tyler Durden on 05/07/2013

Microsoft prepares U-turn on Windows 8 (FT), Microsoft admits failure on Windows 8 (MW), After Bumpy Start, Microsoft Rethinks Windows 8 (NYT)

China reports four more bird flu deaths, toll rises to 31 (Reuters)

Republicans shift stance on US budget (FT)

NYC Tallest Condo Corridor Gets New Entrant With Steinway (BBG)

U.S. Says China's Government, Military Used Cyberespionage (WSJ)

China rejects Pentagon charges of military espionage (Reuters)

Bank of China Cuts Off North Korean Bank (WSJ)

Libya defense minister quits over siege of ministries by gunmen (Reuters)

London Recruiter Says City Job Vacancies Rose 19% (BBG)

Colleges Cut Prices by Providing More Financial Aid (WSJ)  or, said otherwise, loans

Jeweler agrees to plead guilty in KPMG insider-trading case (LA Times)

ToNeR MaN... williambanzai7 http://albertpeia.com/tonerman.htm

THe HouSe oF JP ENRoN CRoSSWoRD PuZZLe... williambanzai7 http://albertpeia.com/jpenroncrossword.htm

The Financial Press: A Disinformation Machine Paul Craig Roberts | Let’s take a walk through the BLS report and you can arrive at your own conclusion. { All bad news and these ever more worthless commissioned-paper (actually not even) shares at lightning computerized speed are rallying … just like zimbawee (the best performing stock-market of the decade past) … and just like zimbabwee, they’re all a bunch of niggers on wall street (their QE welfare everyone’s paying for included) … no wonder this country’s done/in protracted decline! This is an all too familiar scam that as before, everyone is and will be paying for. How does it feel to be dumb! [Parenthetically, just this moment, an ‘equities expert’ (on one of those syndicated business programs, NBR-just bought out by cnbc which means they just got a lot dumber and I had to turn it off and will never watch NBR again…nbc is a horrible propaganda network (finishing deservingly last among the so-called ‘majors’), mobsters like trump on that ‘apprentice thing’ with toothy nutcases like gary busey, etc.. ‘No credibility whatsoever and a total joke!) said house prices (as well as the ‘paper shares’, gas, oil, food staples, meat, etc.) are rising (duh! … contraindicated implication-‘happy days are here again’)… riiiiight … just like zimbabwee! How pathetic! ]
Goldman 'Explains' The 'Market': "Best Not To Look A Gift-Horse In The Mouth" ZH { Riiiiight! Sounds like a plan! The ‘gift-horse’ that’s … not a gift-horse at all … You’re paying through your nose and teeth. It was amusing to see mainstream media puzzling over the record high gas prices so early in this time of year, and as well, the coming jump in beef prices. There’s no mystery here! This is the natural and inevitable concomitant to ‘printing presses gone wild’. Not printing presses for product for intellectual consumption; but rather, printing presses (whether by print or computer ledger entry) for those ever more worthless paper fiat dollars backed by nothing but insurmountable debt of a defacto bankrupt nation. Remember: There’s no free lunch … fraudulent wall street’s predictable/intended gain (from QE, currency debasement, etc.) is your substantial pain! It’s the zimbabwee financial model gone american … , Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! } “Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical)…” , Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe. }

MarketWatch The coming June swoon Avi Gilburt

11 Reasons Why The Federal Reserve Should Be Abolished

http://albertpeia.com/fedreserveshouldbeabolished.htm

PaRTYiNG LiKe IT'S 1929... by : williambanzai7 http://albertpeia.com/greaterfoolsdepressionfestival.htm

Where Is The Recovery? A Higher Percentage Of Americans Had Jobs Three Years Ago

http://albertpeia.com/whatrecovery.htm

They Are Murdering Small Business: The Percentage Of Self-Employed Americans Is At A Record Low

http://albertpeia.com/recordlowselfemployed.htm

22 Facts That Prove That The Bottom 90 Percent Of America Is Systematically Getting Poorer

http://albertpeia.com/90percentofamericapoorer.htm

MaY DaY, May DaY, MaY DaY!!! http://albertpeia.com/commayday.htm

THe MoDeRN MoNeY OCToPuS... http://albertpeia.com/octopussies.htm

Will The New Housing Bubble That Bernanke Is Creating End As Badly As The Last One Did?

http://albertpeia.com/newbubblebigburst.htm

Welcome Back Recession: Chicago PMI Implodes To 49, First Sub-50 Print Since September 2009 Submitted by Tyler Durden on 04/30/2013 - TOTAL COLLAPSE.

The Crisis Is Imminent: “When The Real Crash Comes It Will Be Worse Than the Great Depression” Mac Slavo | “The United States is like the Titanic, and I’m here with the lifeboat trying to get people to leave the ship.”

Macro Collapse Pushes S&P 500 To New All-Time Nominal High And Close Submitted by Tyler Durden on 04/30/2013

A FeW BuNGaS MoRe Posted by: williambanzai7 Post date: 04/27/2013 - The Good, The Bunga and The Ugly... http://albertpeia.com/goodbadugly.htm

A BaSeMeNT, a BuLL HoRN and a JuNK ASS... Posted by: williambanzai7 Post date: 04/29/2013 - More from Dr Krugman... http://albertpeia.com/junkasses.htm

20 Signs That The Next Great Economic Depression Has Already Started In Europe

http://albertpeia.com/greatdepressionhasbegun.htm

The Jay-Z Illuminati Conspiracy: Are Beyonce And Jay-Z Seducing Our Kids Into The Occult?

http://endoftheamericandream.com

http://albertpeia.com/illuminaticonspiracy.htm

{ Come on! Niggers are total b***s***! But they like you to think they’re part of ‘something other/more’ than their pathetic reality. They’re as much so-called ‘illuminati’ as those somalian pirates. As far as the list of CFR members, what a bunch of f***ups … after all, look at the disastrous state of the world … oh yeah, there’s a new world order, supplanting the old new world order, largely owing to the f***ups f***ing up … some call that history … rather pathetic at that … yet, what can you expect … { 30 Population Control Quotes That Show That The Elite Truly Believe That Humans Are A Plague Upon The Earth http://albertpeia.com/humanplagueonearth.htm , http://albertpeia.com/45signsamericatinyelitemajoritypoor.htm , Corporatism: A System Of Control Designed By The Monopoly Men Of The Global Elite http://albertpeia.com/corporatistcontrol.htm , 29 Signs That The Elite Are Transforming Society Into A Total Domination Control Grid http://albertpeia.com/dominationcontrolgrid.htm { First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently, primitive apes. See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. } [ 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said: The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing
http://albertpeia.com/planetalreadyruined.htm ] The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

DeMiSe OF THe GReaT CHaiRSaTaN? http://albertpeia.com/demiseofbenchairsatan.htm

Albert Edwards' Bleak Crystal Ball Reveals Gold Above $10,000; S&P At 450 ; And Sub-1% Bond Yields Submitted by Tyler Durden on 04/25/2013 - "The late Margaret Thatcher had a strong view about consensus. She called it: “The process of abandoning all beliefs, principles, values, and policies in search of something in which no one believes, but to which no one objects.” The same applies to most market forecasts. With some rare exceptions (like our commodity analysts? recent prescient call for a slump in the gold price), analysts don?t like to stand out from the crowd. It is dangerous and career-challenging. In that vein, we repeat our key forecasts of the S&P Composite to bottom around 450, accompanied by sub-1% US 10y yields and gold above $10,000."

JPMorgan's Eligible Gold Plummets 65% In 24 Hours To All Time Low Submitted by Tyler Durden Just What Is Going On With The Gold In JPMorgan's Vault? A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... The unraveling of the Ponzi Burrito begins.. http://albertpeia.com/germangoldgone.htm

America The Fallen: 24 Signs That Our Once Proud Cities Are Turning Into Poverty-Stricken Hellholes

http://albertpeia.com/americanhellholes.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

IN CaSe You ARe WoNDeRiNG WHaT JuST HaPPeNeD AT AP... Posted by : williambanzai7 Post date: 04/23/2013 - A Banzai7 exclusive... http://albertpeia.com/hackflashcrash.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

Mourn For America: Whenever A Tragedy Happens They Take Even More Freedom From Us

http://albertpeia.com/mournforamerica.htm

TWo KiNDS OF TeRRoRiSTS... http://albertpeia.com/2kindsofterrorists.htm

EVoLuTioN oF A EURO SWiNe... http://albertpeia.com/euroswine.htm

17 Unanswered Questions About The Boston Marathon Bombing The Media Is Afraid To Ask

http://albertpeia.com/17unansweredquestionsmediaafraidtoask.htm

MeSSaGe To Mr KRuGMaN... http://albertpeia.com/feddykrugerands.htm

History Tells Us That A Gold Crash + An Oil Crash = Guaranteed Recession

http://albertpeia.com/goldcrashplusoilcrashequalsrecession.htm

Suspicious Photo of Gold-Bomber ben… by williambanzai7The Limerick King http://albertpeia.com/suspicioushelicopterbenphoto.htm

…The Takedown Of Gold A Sign That The Entire Global Financial System Is About To Crash … ?

http://albertpeia.com/globalfinancialsystemcrash.htm

‘…So who is behind all of this orchestration?  Well, according to Dr. Paul Craig Roberts, it is actually the Federal Reserve... The Federal Reserve began its April Fool’s assault on gold by sending the word to brokerage houses, which quickly went out to clients, that hedge funds and other large investors were going to unload their gold positions and that clients should get out of the precious metal market prior to these sales. As this inside information was the government’s own strategy, individuals cannot be prosecuted for acting on it. By this operation, the Federal Reserve, a totally corrupt entity, was able to combine individual flight with institutional flight. Bullion prices took a big hit, and bullishness departed from the gold and silver markets. The flow of dollars into bullion, which threatened to become a torrent, was stopped. In fact, Dr. Roberts says that former Goldman Sachs trader Andrew Maguire is reporting that the Fed orchestrated the dumping of 500 tons of naked gold shorts into the market on Friday... According to Andrew Maguire, on Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale. If he doesn’t have the item, he borrows it from someone who does, putting up cash collateral equal to the current market price. Then he sells the item, waits for it to fall in price, buys it back at the lower price and returns it to the owner who returns his collateral. If enough shorts are sold, the result can be to drive down the market price. As Dr. Roberts noted, this represents an absolutely massive amount of gold... Consider the 500 tons of paper gold sold on Friday. Begin with the question, how many ounces is 500 tons? There are 2,000 pounds to one ton. 500 tons equal 1,000,000 pounds. There are 16 ounces to one pound, which comes to 16 million ounces of short sales on Friday. Who has 16 million ounces of gold? At the beginning gold price that day of about $1,550, that comes to $24,800,000,000. Who has that kind of money? … A WHOLE LOT OF PEOPLE NEED TO BE CRIMINALLY INVESTIGATED. Meanwhile, many are considering this takedown of gold to be an ominous sign that another major financial crisis may be heading our way. Just remember what happened back in 2008.  As Zero Hedge noted on Monday, the price of gold suddenly plunged 21 percent in July 2008.  That was just a couple of months before the U.S. stock market crashed in the fall...’

El-Erian's Summary: "Virtually Every Market Is Trading At Very Artificial Levels"Submitted by Tyler Durden on 04/16/2013 - "In order for central banks to achieve their ultimate economic objective - which is growth and jobs - they have to push investors into taking more risk than is justified," is the somewhat chilling warning that PIMCO's Mohamed El-Erian gives in this excellent interview with the WSJ. "Central banks are operating through the wealth effect and animal spirits," El-Erian says peeling back the truth onion, as they prop up asset prices to "artificial levels, in virtually every market." Worries over the central bankers of the world withdrawing easy money policies too early are "unwarranted," he notes, adding that he suspects, "they will most likely stay too long and they will consciously make that mistake." Critically, though, he sends a message that appears to fit with many of our recent discussions (most recently here) that "if these levels aren’t validated by the fundamentals, then investors will get hurt."

MarketWatch Paul B. Farrell America needs a new war Commentary: Any one of these 10 flash points could trigger it, saving capitalism from itself. { I’m really disappointed by this article and will no longer follow or post links to farrell’s articles. Even if in jest, an exercise in sarcasm, or sophistry at its worst, such position is so absolutely uncivilized and in such poor taste and without any intellectual foundation that I must wonder how MarketWatch hasn’t really ‘watched’. I want to know what wars farrell’s fought in, or how many of his own children have died in same. I’m staunchly against communism which I’ve made no secret; but if farrell’s specious reasoning was correct (it’s not, economically and otherwise, but quite Orwellian), I honestly would then say, ‘Let capitalism die’! }

HeaDS I WiN... by: williambanzai7 http://albertpeia.com/headsiwin.htm

QE TiTaNiC 2013... by: williambanzai7 http://albertpeia.com/benusstitanicqeedkoed.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

5-06-13

ToNeR MaN... Posted by : williambanzai7 Post date: 05/04/2013 - Calling all Moms... http://albertpeia.com/tonerman.htm

THe HouSe oF JP ENRoN CRoSSWoRD PuZZLe... Posted by : williambanzai7 Post date: 05/06/2013 - QUESTION: Why do idiot shareholders think Jamie Dimon deserves to continue in the dual role of Chairman and CEO? ANSWER: "Because I am richer than you are!" http://albertpeia.com/jpenroncrossword.htm

The Financial Press: A Disinformation Machine Paul Craig Roberts | Let’s take a walk through the BLS report and you can arrive at your own conclusion. { All bad news and these ever more worthless commissioned-paper (actually not even) shares at lightning computerized speed are rallying … just like zimbawee (the best performing stock-market of the decade past) … and just like zimbabwee, they’re all a bunch of niggers on wall street (their QE welfare everyone’s paying for included) … no wonder this country’s done/in protracted decline! This is an all too familiar scam that as before, everyone is and will be paying for. How does it feel to be dumb! [Parenthetically, just this moment, an ‘equities expert’ (on one of those syndicated business programs, NBR-just bought out by cnbc which means they just got a lot dumber and I had to turn it off and will never watch NBR again…nbc is a horrible propaganda network (finishing deservingly last among the so-called ‘majors’), mobsters like trump on that ‘apprentice thing’ with toothy nutcases like gary busey, etc.. ‘No credibility whatsoever and a total joke!) said house prices (as well as the ‘paper shares’, gas, oil, food staples, meat, etc.) are rising (duh! … contraindicated implication-‘happy days are here again’)… riiiiight … just like zimbabwee! How pathetic! ]
Goldman 'Explains' The 'Market': "Best Not To Look A Gift-Horse In The Mouth" ZH { Riiiiight! Sounds like a plan! The ‘gift-horse’ that’s … not a gift-horse at all … You’re paying through your nose and teeth. It was amusing to see mainstream media puzzling over the record high gas prices so early in this time of year, and as well, the coming jump in beef prices. There’s no mystery here! This is the natural and inevitable concomitant to ‘printing presses gone wild’. Not printing presses for product for intellectual consumption; but rather, printing presses (whether by print or computer ledger entry) for those ever more worthless paper fiat dollars backed by nothing but insurmountable debt of a defacto bankrupt nation. Remember: There’s no free lunch … fraudulent wall street’s predictable/intended gain (from QE, currency debasement, etc.) is your substantial pain! It’s the zimbabwee financial model gone american … , Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! } “Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical)…” , Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe. }

MarketWatch The coming June swoon Avi Gilburt The top is not in place yet but this upside wave will be complete in just a few more weeks.

11 Reasons Why The Federal Reserve Should Be Abolished

http://theeconomiccollapseblog.com

http://albertpeia.com/fedreserveshouldbeabolished.htm

Just Like Iraq: U.S. Arms Butchers Who Use Chemical Weapons On Civilians … and Then Tries to Frame Someone Else Posted by: George Washington Post date: 05/06/2013 - A Blast from the Past ...

Are We Heading For a 2008-Style Economic Implosion Posted by: Phoenix Capital... Post date: 05/06/2013 - This is how companies deal with economic contractions. They don’t start laying people off en masse… they start cutting work hours bit by bit. The mass layoffs don’t come until the...

Flat In May, No Dismay Submitted by Tyler Durden on 05/06/2013 - The last few years have seen very similar trajectories in the first (and second) quarters of the year. Typically Q1 has been extremely bullish but has had a moment (or two) of doubt that caused weakness that inevitably bought. In fact, while many look on at 2013 as an outlier year (which it is over the entire quarter), since it's early March lows 2013 is lagging the performance of markets on average the last few years, even as Treasuries follow very similar seasonal paths. Over time, the sell-in-May-and-go-away' truism has become more pronounced (as we explained recently from a causation perspective) but the following chart shows that no matter how excited we were in each year in the first four months of the year, May (alone) has not been a good month...

David Rosenberg - The Potemkin Rally Submitted by Tyler Durden on 05/06/2013 - Gluskin Sheff's David Rosenberg exclaims we are currently are witnessing the Potemkin rally (the phrase Potemkin villages was originally used to describe a fake village, built only to impress). The term, however, is now used, typically in politics and economics, to describe any construction (literal or figurative) built solely to deceive others into thinking that some situation is better than it really is. Ben Bernanke, recently proclaimed “The Hero” by Atlantic Magazine, is the “Wizard of Potemkin.” Since 2009 Bernanke has engage in massive monetary experiments. These experiments lead to future dislocations. There is no doubt that the Fed wants inflation. The problem is they may get more than they ask for. We are currently witnessing the slowest economic recovery of any post-WWII period. However, It is important to challenge your thought process. Read material that challenges your views. Here are David's rules...

The Story Of Inequality In The US: Past, Present And Future Submitted by Tyler Durden on 05/06/2013 - In this far-reaching documentary, we are first treated to a history lesson from the early 80s to the present day - a story of lust, debt, and largesse; from Reagan deficits to cell phones to day trading to real estate... and then 2008 is explained (as reality started to peek through). The clip projects the next few years - from failed bond auctions to QE9 and social unrest - "but it doesn't have to be this way," the narrator notes. 'Breaking Inequality' is about the corruption between Washington and Wall Street that has resulted in the largest inequality gap in the history of America. It is a film that exposes the truth behind the single event that occurred back in the early 70's that set us off on this perilous journey that we are currently on. No country in the history of the world has ever remained a super power without a middle class and the road we are currently traveling doesn't include this all-important segment of the population. The old saying "As goes the middle class... so goes the nation" holds true even more today than ever.

Bright Lights, Big City, Bigger Prices - Where Inflation HidesSubmitted by Tyler Durden on 05/06/2013 - Subdued headline inflation hides the inimitable rise of prices across the country; but ConvergEx's Nick Colas examines the pace of inflation in four large cities across the US – Boston, Chicago, New York and San Francisco.  All are home to multitudes of urban working professionals, share the same currency and have similar macro economies, though, Colas notes, the trend of price increases varies considerably (particularly with regards to NYC vs. the rest).  The cost of living is up in all four cities since 2008.  Incomes, too, are generally higher – although not in New York, likely a result of the Big Apple’s unique micro economy. Comparatively, New Yorkers have experienced the steepest price increases in transportation (higher cab and subway fares give this category a boost) and groceries, meanwhile rent, dinners out and cocktails continue to be more and more costly.  So what gives?  Rising inflation despite lower incomes? The answer lies in the tug of war between less cash pay on Wall Street and a very active foreign investment market that is driving up real estate prices.

Apollo's Leon Black: The Smart Money Is "Selling Everything That Is Not Nailed Down" Submitted by Tyler Durden on 05/06/2013 - When a sell-side strategist says 'buying opportunity of a lifetime', we know there will be another right around the corner even if we rally 10%; when one of the largest buy-side firms believes "this is an almost biblical opportunity to reap gains and sell," we tend to listen. In this brief clip from last week's Milken Institute, Apollo Group's Leon Black says his firm has been a net seller for the last 15 months, and that they "are selling everything that is not nailed down." Critically lost in the mainstream media's diatribe is his point that as the markets push higher, juiced by the Fed's policies, his firm will be selling more and more into that and harvesting gains (realizing profits) as opposed to watching unrealized gains (and the mirage of a wealth effect). Apollo has had $13bn of 'realizations' in the last 15 months - the most ever - as he sees "the market is pricey... in our view, priced for perfection." We suspect perfection is far from what we achieve.

White House Says Ignore Facts, Assad "Likely" Behind Syrian Chemical Weapons After All Submitted by Tyler Durden on 05/06/2013 - When it comes to the deep hole of lies and inconsistencies that US foreign policy is vis-a-vis Syria, it has two options: stop digging or double down. Following the earlier report by the UN that outright rejected the full blown White House propaganda push to make it seem that it was Assad's regime that was using chemical weapons as a front to stage a military incursion against a very unappealing despot, that it was the Al-Qaeda assisted and potentially US-armed rebels who had in fact been using toxic sarin gas, there was some hope that the digging would stop. Instead, the doubling down began.

Russia, China Urge Respect Of Syrian Sovereignty As UN Finds Only Syrian Rebels Used Chemical Weapons Submitted by Tyler Durden on 05/06/2013 - Carla Del Ponte, a member of the UN independent commission of inquiry on Syria, said that testimony gathered from casualties and medical staff indicated that the nerve agent sarin gas was used by rebel fighters. "Our investigators have been in neighbouring countries interviewing victims, doctors and field hospitals and, according to their report of last week which I have seen, there are strong, concrete suspicions but not yet incontrovertible proof of the use of sarin gas, from the way the victims were treated," Ms Del Ponte said in an interview with Swiss-Italian television, broadcast on Sunday. "This was used on the part of the opposition, the rebels, not by the government authorities," she added, speaking in Italian. Ms Del Ponte added that the inquiry has yet to see any direct evidence suggesting that government forces have used chemical weapons, but said further investigation was required before this possibility could be ruled out. The new claims come one week after the United States said it had "varying degrees of confidence" that sarin had been used by Syria's government on its people.

Frontrunning: May 6

Submitted by Tyler Durden on 05/06/2013

Lesson From Buffett: Doubt Yourself (WSJ)

Gold Bulls Split With Buffett as Traders Say Sell (BBG)

Apple Misses IPhone Customers as Global Carriers Balk (BBG)

Russia extends Cypriot loan by 2 years, cuts interest: troika document (Reuters)

Tax Rewrite in Play in Capitol (WSJ)

No early warning for U.S. on Israeli strikes in Syria (Reuters)

Germany riveted at start of neo-Nazi murder trial (Reuters)

JPMorgan Investors Urged to Split Chairman Role, Oust Directors (BBG)

Leniency for Offshore Cheats (WSJ)

Brussels steps up efforts over tax avoidance (FT)

Ambulance chasing: Mesothelioma Doctors, Lawyers Join Hunt for Valuable Asbestos Cases (WSJ)

Web Sales-Tax Bill Set to Face Bumps (WSJ)

Colleges Cut Prices by Providing More Financial Aid (WSJ)

RANsquawk - EU Market Re-Cap 6th May 2013Submitted by RANSquawk Video on 05/06/2013

Visualizing The Triumph Of Hope Over Reality Submitted by Tyler Durden on 05/05/2013 - The Federal Reserve's extreme monetary policy has done nothing but repress 'safe' assets to the point of making 'risky' assets relatively cheap. This is of course not the case were you to isolate each risky or safe asset and consider its value standalone. Choosing stocks over bonds because "well, what is the alternative?" is akin to the red-pill/blue-pill choice from The Matrix and the reflationary 'normal' that we are supposed to believe in is what 'apparently' justifies a 1.7x rise (12%!) in multiples since QE4EVA was announced. During that same period, consensus earnings expectations have plunged (merely pushed out one more year for the renaissance) and global trade and growth has collapsed. However, while we have shown many divergences from reality in the past, it is the manic/depressive difference between inflation expectations and stock valuations (implicitly supported by reflation) that is the clearest example of the short-term triumph of hope over reality.

Turning A Donkey Into A Butterfly Submitted by Tyler Durden on 05/05/2013 -The clear message from the doctors this week is that they plan to keep administering the pills, in larger quantities if necessary, until the donkey turns into a butterfly. Citi's Matt King reminds us though that they failed to mention the associated risk that the donkey dies of the side effects first (apart, that is, from Dr Osborne, who urged the other doctors to ignore any such possibility entirely). For investors, King notes the immediate implication is that the central banks would like the party in any and all risk assets to carry on. This raises the spectre of a rally back to 2007 valuations, made all the more dizzying this time by the lack of any accompanying justification in the state of the economy. And yet we have played this game before, and it does not end well. Ideally at some point the central banks realize that the donkey is just a donkey, realize that their sole focus on their inflationary (& employment) mandate is blinding them to the risks of asset price inflation. To paraphrase a certain former CEO, when the central bank music is playing, investors are compelled to get up and join the party. Yet we know how that one ends...

Ron Paul: "This Is A House Of Cards" Submitted by Tyler Durden on 05/05/2013 - Last week at its regular policy-setting meeting, the Federal Reserve affirmed that it is prepared to increase its monthly purchases of Treasuries and mortgage-backed securities if things don’t start looking up. In all, the Fed has pumped more than a half trillion dollars into the economy since announcing its latest round of “quantitative easing” (QE3) in September 2012. With no recovery in sight, where’s all this money going? It is creating bubbles. Bubbles in the housing sector, the stock market, and government debt. In the meantime, real families are suffering. We are certainly not in a recovery. We don’t see the long unemployment and soup kitchen lines like in the Great Depression, but that’s just because the lines are electronic now. We know what the real solution is: allow the marketplace to work. Restore sound money to the economy and the American people. Sound money is the bedrock for prosperity and the best check on big government and crony capitalism.

PaRTYiNG LiKe IT'S 1929... by : williambanzai7 http://albertpeia.com/greaterfoolsdepressionfestival.htm

Where Is The Recovery? A Higher Percentage Of Americans Had Jobs Three Years Ago

http://albertpeia.com/whatrecovery.htm

They Are Murdering Small Business: The Percentage Of Self-Employed Americans Is At A Record Low

http://albertpeia.com/recordlowselfemployed.htm

22 Facts That Prove That The Bottom 90 Percent Of America Is Systematically Getting Poorer

http://albertpeia.com/90percentofamericapoorer.htm

MaY DaY, May DaY, MaY DaY!!! http://albertpeia.com/commayday.htm

THe MoDeRN MoNeY OCToPuS... http://albertpeia.com/octopussies.htm

Will The New Housing Bubble That Bernanke Is Creating End As Badly As The Last One Did?

http://albertpeia.com/newbubblebigburst.htm

Welcome Back Recession: Chicago PMI Implodes To 49, First Sub-50 Print Since September 2009 Submitted by Tyler Durden on 04/30/2013 - TOTAL COLLAPSE.

The Crisis Is Imminent: “When The Real Crash Comes It Will Be Worse Than the Great Depression” Mac Slavo | “The United States is like the Titanic, and I’m here with the lifeboat trying to get people to leave the ship.”

Macro Collapse Pushes S&P 500 To New All-Time Nominal High And Close Submitted by Tyler Durden on 04/30/2013

A FeW BuNGaS MoRe Posted by: williambanzai7 Post date: 04/27/2013 - The Good, The Bunga and The Ugly... http://albertpeia.com/goodbadugly.htm

A BaSeMeNT, a BuLL HoRN and a JuNK ASS... Posted by: williambanzai7 Post date: 04/29/2013 - More from Dr Krugman... http://albertpeia.com/junkasses.htm

20 Signs That The Next Great Economic Depression Has Already Started In Europe

http://albertpeia.com/greatdepressionhasbegun.htm

The Jay-Z Illuminati Conspiracy: Are Beyonce And Jay-Z Seducing Our Kids Into The Occult?

http://endoftheamericandream.com

http://albertpeia.com/illuminaticonspiracy.htm

{ Come on! Niggers are total b***s***! But they like you to think they’re part of ‘something other/more’ than their pathetic reality. They’re as much so-called ‘illuminati’ as those somalian pirates. As far as the list of CFR members, what a bunch of f***ups … after all, look at the disastrous state of the world … oh yeah, there’s a new world order, supplanting the old new world order, largely owing to the f***ups f***ing up … some call that history … rather pathetic at that … yet, what can you expect … { 30 Population Control Quotes That Show That The Elite Truly Believe That Humans Are A Plague Upon The Earth http://albertpeia.com/humanplagueonearth.htm , http://albertpeia.com/45signsamericatinyelitemajoritypoor.htm , Corporatism: A System Of Control Designed By The Monopoly Men Of The Global Elite http://albertpeia.com/corporatistcontrol.htm , 29 Signs That The Elite Are Transforming Society Into A Total Domination Control Grid http://albertpeia.com/dominationcontrolgrid.htm { First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently, primitive apes. See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. } [ 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said: The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing
http://albertpeia.com/planetalreadyruined.htm ] The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

DeMiSe OF THe GReaT CHaiRSaTaN? http://albertpeia.com/demiseofbenchairsatan.htm

Albert Edwards' Bleak Crystal Ball Reveals Gold Above $10,000; S&P At 450 ; And Sub-1% Bond Yields Submitted by Tyler Durden on 04/25/2013 - "The late Margaret Thatcher had a strong view about consensus. She called it: “The process of abandoning all beliefs, principles, values, and policies in search of something in which no one believes, but to which no one objects.” The same applies to most market forecasts. With some rare exceptions (like our commodity analysts? recent prescient call for a slump in the gold price), analysts don?t like to stand out from the crowd. It is dangerous and career-challenging. In that vein, we repeat our key forecasts of the S&P Composite to bottom around 450, accompanied by sub-1% US 10y yields and gold above $10,000."

JPMorgan's Eligible Gold Plummets 65% In 24 Hours To All Time Low Submitted by Tyler Durden Just What Is Going On With The Gold In JPMorgan's Vault? A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... The unraveling of the Ponzi Burrito begins.. http://albertpeia.com/germangoldgone.htm

America The Fallen: 24 Signs That Our Once Proud Cities Are Turning Into Poverty-Stricken Hellholes

http://albertpeia.com/americanhellholes.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

IN CaSe You ARe WoNDeRiNG WHaT JuST HaPPeNeD AT AP... Posted by : williambanzai7 Post date: 04/23/2013 - A Banzai7 exclusive... http://albertpeia.com/hackflashcrash.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

Mourn For America: Whenever A Tragedy Happens They Take Even More Freedom From Us

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TWo KiNDS OF TeRRoRiSTS... http://albertpeia.com/2kindsofterrorists.htm

EVoLuTioN oF A EURO SWiNe... http://albertpeia.com/euroswine.htm

17 Unanswered Questions About The Boston Marathon Bombing The Media Is Afraid To Ask

http://albertpeia.com/17unansweredquestionsmediaafraidtoask.htm

MeSSaGe To Mr KRuGMaN... http://albertpeia.com/feddykrugerands.htm

History Tells Us That A Gold Crash + An Oil Crash = Guaranteed Recession

http://albertpeia.com/goldcrashplusoilcrashequalsrecession.htm

Suspicious Photo of Gold-Bomber ben… by williambanzai7The Limerick King http://albertpeia.com/suspicioushelicopterbenphoto.htm

…The Takedown Of Gold A Sign That The Entire Global Financial System Is About To Crash … ?

http://albertpeia.com/globalfinancialsystemcrash.htm

‘…So who is behind all of this orchestration?  Well, according to Dr. Paul Craig Roberts, it is actually the Federal Reserve... The Federal Reserve began its April Fool’s assault on gold by sending the word to brokerage houses, which quickly went out to clients, that hedge funds and other large investors were going to unload their gold positions and that clients should get out of the precious metal market prior to these sales. As this inside information was the government’s own strategy, individuals cannot be prosecuted for acting on it. By this operation, the Federal Reserve, a totally corrupt entity, was able to combine individual flight with institutional flight. Bullion prices took a big hit, and bullishness departed from the gold and silver markets. The flow of dollars into bullion, which threatened to become a torrent, was stopped. In fact, Dr. Roberts says that former Goldman Sachs trader Andrew Maguire is reporting that the Fed orchestrated the dumping of 500 tons of naked gold shorts into the market on Friday... According to Andrew Maguire, on Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale. If he doesn’t have the item, he borrows it from someone who does, putting up cash collateral equal to the current market price. Then he sells the item, waits for it to fall in price, buys it back at the lower price and returns it to the owner who returns his collateral. If enough shorts are sold, the result can be to drive down the market price. As Dr. Roberts noted, this represents an absolutely massive amount of gold... Consider the 500 tons of paper gold sold on Friday. Begin with the question, how many ounces is 500 tons? There are 2,000 pounds to one ton. 500 tons equal 1,000,000 pounds. There are 16 ounces to one pound, which comes to 16 million ounces of short sales on Friday. Who has 16 million ounces of gold? At the beginning gold price that day of about $1,550, that comes to $24,800,000,000. Who has that kind of money? … A WHOLE LOT OF PEOPLE NEED TO BE CRIMINALLY INVESTIGATED. Meanwhile, many are considering this takedown of gold to be an ominous sign that another major financial crisis may be heading our way. Just remember what happened back in 2008.  As Zero Hedge noted on Monday, the price of gold suddenly plunged 21 percent in July 2008.  That was just a couple of months before the U.S. stock market crashed in the fall...’

El-Erian's Summary: "Virtually Every Market Is Trading At Very Artificial Levels"Submitted by Tyler Durden on 04/16/2013 - "In order for central banks to achieve their ultimate economic objective - which is growth and jobs - they have to push investors into taking more risk than is justified," is the somewhat chilling warning that PIMCO's Mohamed El-Erian gives in this excellent interview with the WSJ. "Central banks are operating through the wealth effect and animal spirits," El-Erian says peeling back the truth onion, as they prop up asset prices to "artificial levels, in virtually every market." Worries over the central bankers of the world withdrawing easy money policies too early are "unwarranted," he notes, adding that he suspects, "they will most likely stay too long and they will consciously make that mistake." Critically, though, he sends a message that appears to fit with many of our recent discussions (most recently here) that "if these levels aren’t validated by the fundamentals, then investors will get hurt."

MarketWatch Paul B. Farrell America needs a new war Commentary: Any one of these 10 flash points could trigger it, saving capitalism from itself. { I’m really disappointed by this article and will no longer follow or post links to farrell’s articles. Even if in jest, an exercise in sarcasm, or sophistry at its worst, such position is so absolutely uncivilized and in such poor taste and without any intellectual foundation that I must wonder how MarketWatch hasn’t really ‘watched’. I want to know what wars farrell’s fought in, or how many of his own children have died in same. I’m staunchly against communism which I’ve made no secret; but if farrell’s specious reasoning was correct (it’s not, economically and otherwise, but quite Orwellian), I honestly would then say, ‘Let capitalism die’! }

HeaDS I WiN... by: williambanzai7 http://albertpeia.com/headsiwin.htm

QE TiTaNiC 2013... by: williambanzai7 http://albertpeia.com/benusstitanicqeedkoed.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

5-03-13

PaRTYiNG LiKe IT'S 1929... Posted by : williambanzai7 Post date: 05/03/2013 - Ye Festival of Greater Fools continues... http://albertpeia.com/greaterfoolsdepressionfestival.htm

Where Is The Recovery? A Higher Percentage Of Americans Had Jobs Three Years Ago

http://theeconomiccollapseblog.com

http://albertpeia.com/whatrecovery.htm

They Are Murdering Small Business: The Percentage Of Self-Employed Americans Is At A Record Low

http://theeconomiccollapseblog.com

http://albertpeia.com/recordlowselfemployed.htm

When Is The Government Going To Shut Down Bitcoin?

http://endoftheamericandream.com

http://albertpeia.com/governmentshutdownofbitcoin.htm

Marketwatch You can't trust the media It’s easy to get so caught up in media hype about investing and miss the bigger point, cautions Chuck Jaffe.

A Market "Based" On Monetary Surreality Submitted by Tyler Durden on 05/03/2013 With macro data becoming worse and worse (more and more bullish for Fed free money) and stocks off to the races (despite earnings that are abysmal), we thought a litle reminder of just what is driving this un-reality in nominal price moves. As the following chart, inspired by UBS, shows, each time the S&P 500 shows any sign of weakness, US money grows dramatically (money defined as the sum of M2 and foreign custody repo-able holdings at the Fed). Simply put, this is the reaction function of the Bernanke Put and explains why any weakness in Europe causes problems for the US - as the foreign banks repatriate and impact this 'growth' support. Correlation is not causation, but it is a strong hint.

A. Gary Shilling - Six Realities In An Age Of Deleveraging Submitted by Tyler Durden on 05/03/2013 - A. Gary Shilling's discussion of how to invest during a deleveraging cycle is a very necessary antidote to the ecstacy and euphoria that surrounds the nominal surges in risk-assets around the world sponsored by central banking largesse. Shilling ties six fundamental realities together: Private Sector Deleveraging And Government Policy Responses, Rising Protectionism, the Grand Disconnect Between Markets And Economy, a Zeal For Yield, the End Of Export Driven Economies, and why Equities Are Vulnerable. The risk on trade is alive and well - but will not last forever. We are still within a secular bear market that begin in 2000 with P/E ratios still contained within a declining trend. Despite media commentary to the contrary - this time is likely not different.

"New Normal" Mungerisms: From Jews & Gold To Bankers & Heroin Submitted by Tyler Durden on 05/03/2013 - The bespectacled Robin to Buffet's Batman is at it again. After casting disparaging remarks about the hard-money fanatics of the world with his "only old jews like gold" comment last year, in a brief interview on CNBC today, Charlie Munger explained how "bankers should not be trusted" adding that "they are like heroin addicts." He was reflecting on the debacle that occurred in Cypriot banks of course - but his perspective is likely useful for a broader remit of investment professionals with endless fungible free money as their backstop. So that's the pair; hard- and soft-money partakers be damned. The irony of his firm reporting dramatically better-than-expected profits on the back of a surge in insurance-selling (not at all like CDS) is not lost on us.

Will JPMorgan's "Enron" Be The End Of Blythe Masters? Submitted by Tyler Durden on 05/03/2013 - One year after the infamous Jamie Dimon "tempest in a teapot" fiasco, which promptly turned out to be the biggest TBTF prop-trading desk debacle in history, things were going well for JPMorgan. On one hand, the chairman of the TBAC (and thus US Treasury advisor and policy administrator), and former LTCM trader, Matt Zames, was just recently promoted to the sole second in command post at the biggest US bank (and 2nd biggest in the world) by assets, and first in line to take over from Jamie Dimon. On the other hand, one of Mary Jo White's former co-workers, and a JPM defense attorney from Debevoise just became head of the SEC's enforcement division, in theory guaranteeing that the US government would never do more than slap the wrist of JPM in perpetuity. And then, when everything seemed like smooth sailing ahead, the Federal Energy Regulatory Commission (FERC) showed up on March 13, the day before Carl Levin's committee released its latest report on JPM's prop trading blunder, and according to the NYT, alleged that JPM in the past several years, quietly became nothing short than the next Enron. ... But what is worst for JPM, and its brilliant (abovementioned) employee, often times credited with creating the Credit Default Swap product and market (simply an instrument to trade credit with negligible upfront collateral and thus allow equity option-like speculation in the credit realm), is that FERC may be seeking to throw the book at none other than Blythe Masters.

"You've Reached Your Slice Limit Mayor Bloomberg" - The Food Police Meets The Pizza Nazi Submitted by Tyler Durden on 05/02/2013 - After months of legislating soda sizes and steak rarenesses it seems the food police have finally met their match. As The Daily Currant "reports", in protest over the proposed soda ban in NY, the owners of Collegno's Pizzeria in Brooklyn refused to serve Mayor Michael Bloomberg a second slice of pizza during an informal lunch meeting. Ripped from the scripts of Seinfeld, or Pulp Fiction, or, appropriately enough, The Onion, when Bloomberg requested the second slice, the owner retorted, "I'm sorry sir, we can't do that. You've reached your personal slice limit." The exchange quickly escalated with the Mayor dropping f-bombs and the restaurant's owner climaxing with, "there's nothing I can do; maybe you could go to several restaurants and get one slice at each. At least that way you're walking. You know, burning calories." A fuming Bloomberg left the pizzeria and finished his meeting (and more pizza) at a rival restaurant. { Yes! Apropos indeed! Bravo! I never would have dreamed that bloomberg would have become the failed mayor and ultimate embarrassment to new york that he’s unequivocally become! }

The Monarchs Of Money Submitted by Tyler Durden on 05/03/2013 - The world's central banks have printed unimaginable amounts of money in recent years - "these guys are really more powerful than the government." Neil Macdonald explores what this means for the global economy and for your financial well-being - "can you imagine if the American public knew there was this 'club' that met secretly in Switzerland and made decisions that dramatically affected their lives, but we're not going to tell you about it because it's too complicated." This brief documentary should open a few eyes to the reality behind the world's most powerful (and real) cabal.

Guest Post: A Bubble In ‘Safety’ Driven By Bond Funds? Submitted by Tyler Durden on 05/03/2013 - The pricing of 'safe' assets reflects the ongoing uncertainty in a world that is in the grip of the lunacy of policymakers who have seemingly lost all sense of perspective and are engaged in a huge gamble. This essential fundamental backdrop has not changed for the better lately, but for the worse. What this once again demonstrates is that intervention by central banks is creating incentives for many institutional investors to take inordinate risks in the name of preserving the purchasing power of the savings that have been entrusted to them. The problem is that the gains of today are absolutely certain to become the losses of tomorrow for investors taking the bait, as the echo bubble created by loose monetary policy is fated to turn into a major bust once the boom has played out. When the tide is going out, a great many naked swimmers will be revealed.

Elliott's Singer On Bernanke Destroying "The Value Of Money" And "Uprooting The Basic Stability Of Society" Submitted by Tyler Durden on 05/03/2013 - "We believe that the global central bankers, led by the Fed as “thought leader,” have no idea how much pain the world’s economy may endure when they begin the still-undetermined and never-before attempted process of ending this gigantic experimental policy. If they follow the paths of the worst central banks in history, they will adopt the “tiger by the tail” approach (keep printing even as inflation accelerates) and ultimately destroy the value of money and savings while uprooting the basic stability of their societies....  At some stage, central banks inevitably realize, regardless of whether they admit the catastrophic nature of their own failings, that the cessation of money-printing will cause an instant depression. Even though at that point the cessation of money-printing may be the only action capable of saving society, that becomes a secondary consideration compared to the desire to avoid immediate pain and blame."

Caption Contest: Iron Ben 1 Submitted by Tyler Durden on 05/03/2013 -With Iron Man 3 taking the theaters by storm this weekend, it is only appropriate that Iron Ben would make a cameo appearance now that the impregnable Dow crossed 15K, the S&P is over 1600, and pretty much everything is higher, literally and metaphorically, than it's ever been.

Are Stocks Still Cheap? Submitted by Tyler Durden on 05/03/2013 - According to the media hype, stocks are never expensive; but if you care a little about the actual price you are paying for stocks, perhaps the following two charts will at least raise a doubt about chasing this fun-and-games. The prospective P/E on both US and non-US equities are now at the top of the post crash range. Multiple-expansion has driven the rally in large part on the basis that central banks have removed the downside tail to investing but at these valuations (and with the expectations that are still priced in for H2 2013 earnings - up 14% vs up 4% in H1) surely caution is warranted.

The Week That Was: April 29th- May 3rd 2013 Submitted by Tyler Durden on 05/03/2013 - Succinctly summarizing the positive and negative news, data, and market events of the week...

Global Slowdown - 70% Of China's Export Partners Saw Orders Plunge Submitted by Tyler Durden on 05/03/2013 - We discussed previously the slowing of the global economy and the drag on global trade and it appears that despite some hope-ridden headline data from China, things are definitely troubling under the surface. As Bloomberg Brief's Michael McDonough notes, while superficially, export growth was a rare bright spot in the first quarter, it may have been exaggerated by exporters inflating invoices. Excluding exports to Hong Kong, March’s export growth would have fallen 4.8 percent year-on-year compared with the reported 10 percent. China’s exports to 14 of its top 20 trading partners declined in March year-on-year. Tepid global demand may continue to weigh on China’s exports and domestic economy - and in its vicious cycle manner, feed back into global growth (and stain the US 'clean' shirt).

Seth Klarman: "If The Economy Is So Fragile That Government Can't Allow Failure Then We Are Indeed Close To Collapse" Submitted by Tyler Durden on 05/03/2013 - Following today's flashback to the most euphoric and irrationally exuberant days of market peaks (and bubbles) gone by, driven entirely by the now constant central-planner dilution of current and future wealth, these selected excerpts from Seth Klarman's latest letter to investors is just the cold water of common sense everyone needs:"The average citizen knows that a society's wealth is not unlimited, and that if the economy is so fragile that the government cannot allow failure, then we are indeed close to collapse. For if you must rescue everything, then ultimately you will be able to rescue nothing. They also know that the only reason paper money, backed not by anything tangible but only a promise, has any value at all is because it is scarce. With all the printing, the credibility of our entire trust-based monetary system will be increasingly called into question. And when you tell the populace that we can all enjoy a free lunch of extremely low interest rates, massive Fed purchases of mounting treasury issuance, trillions of dollars of expansion in the Fed's balance sheet, and huge deficits far into the future, they are highly skeptical not because they know precisely what will happen but because they are sure that no one else--even, or perhaps especially, the  policymakers—does either."

Average Weekly Hours, The Law Of Large Numbers, And An April 618,000 Payroll... Decline? Submitted by Tyler Durden on 05/03/2013 - While everyone was focusing on the quantitative component of today's BLS number, it appears what was once again missed in all the noise was the mention of the quality aspects of today's BLS report: those parts which actually look at the quality of new jobs, not only their earnings power (which as we showed in the breakdown of the April job gains were all toward the lower paying spectrum of available jobs) but also taking productivity and labor demand into the picture. It is here that we find this month's biggest BLS report weakness, and surprising finding: an implied 618,000 worker decline?

Middle-Aged Suicide Rate Surges Submitted by Tyler Durden on 05/03/2013 - The suicide rate among middle-aged Americans climbed a startling 28% in the last decade as the rates in younger and older people held steady. This period dominated by two stock market crashes, a real-estate crash, and a hyper-repressive Fed saw a stunning 40% surge in the suicide rate among 35-64 year old white men and women (with non-Caucasian rates steady). 39 out of 50 states registered a statistically significant increase in suicide rates among the middle-aged. As AP reports, the CDC report contained surprising information about how middle-aged people kill themselves: During the period studied, hangings overtook drug overdoses in that age group, becoming the No. 2 manner of suicide. But guns remained far in the lead and were the instrument of death in nearly half of all suicides among the middle-aged. Today's payrolls data will do little to lift the spirits of the middle-aged worker; we live in cruel and unusual times.

Dow 15,000 Submitted by Tyler Durden on 05/03/2013 - Sure, why not...

Non-Manufacturing ISM, Factory Orders Both Miss Expectations, Drop To 2012 Levels Submitted by Tyler Durden on 05/03/2013 - And now for the glass half empty part. Following the better than expected jobs report, driven by women job additions and low-paying jobs, we got the non-manufacturing ISM and Factory Orders both of which missed expectations. The ISM dropped from 54.4 to 53.1, below expectations of 54.0, and the lowest since July 2012, with the employment number dropping from 53.3 to 52. Since this number focuses on services, one has trouble footing this with what the BLS said was a jump in jobs in Services sector but one can't have anything. Elsewhere, factory orders dropped 4%, down from a downward revised 1.9% (was +3%), and below expectations of -2.9%, with March durable goods revised even lower from -5.7% to -5.8%. This was the biggest Factory Goods drop since August 2012. Of course, as Joe LaVorgna just said on a TV, it is best to just "ignore" all data that is missing expectations, or not complying with the narrative.

Where The Jobs Were In April Submitted by Tyler Durden on 05/03/2013 - For those lucky enough to not be male and aged 25-54, and having been able to get a job in April, the following chart is redundant. For everyone else, curious which industries were adding jobs in April, here is the full breakdown. With the bulk of job additions in such "high paying" sectors as leisure and hospitality, temp help and retail, one can see why corporate revenues are going nowhere fast.

Short Squeeze Smashes S&P 500 Over 1615 Submitted by Tyler Durden on 05/03/2013 - There were signs of anxiety yesterday afternoon when the 'most shorted' names started to levitate but this morning's exuberance has crushed the shorts and provided the ammunition to take the cash S&P 500 index above not just 1600 but above 1615 (with the cash index somewhat unusually trading at a premium to the futures). Since Wednesday's close, the Russell is up around 2%, the 'Most Shorted' names are up a remarkable 3.8% in the same time.

Jobs Breakdown By Age And Gender, Or No Country For Prime-Aged, Male Workers Submitted by Tyler Durden on 05/03/2013 - On the surface, the April jobs number was better than expected: in the grand scheme of things, it kept in line with the growth of the overall US labor force (which grew by 210K per the household survey) - the bare minimum in needs to keep the unemployment rate in line. A quick look beneath the surface does reveal the usual question marks, however.

Frontrunning: May 3

Submitted by Tyler Durden on 05/03/2013

U.S. Bulks Up to Combat Iran (WSJ)

Taking sides in Syria is hard choice for Israel (Reuters)

Gold Traders Most Bearish in Three Years After Drop (BBG)

It's a Hard Job Predicting Payrolls Number  (WSJ)

EU economies to breach deficit limits as economic picture darkens (FT)

IBM Says U.S. Justice Investigating Bribery Allegations (BBG)

At Texas fertilizer plant, a history of theft, tampering (Reuters)

SAC Sets Plan to Dock Pay in Cases of Wrongdoing (WSJ) - "in case of"?

EU to propose duties on Chinese solar panels (Reuters)

Billionaire Kaiser Exploiting Charity Loophole With Boats (BBG)

SEC Zeroing In on 'Prime' Funds (WSJ)

Apple Avoids $9.2 Billion in Taxes With Debt Deal (BBG)

China April official services PMI at 54.5 vs 55.6 in March (Reuters)

Bill Gross: "Don't Buy - Sell" Submitted by Tyler Durden on 05/02/2013

First Euphoria Then Reality Submitted by Tyler Durden on 05/02/2013

Richard Koo On The Ineffectiveness Of Monetary Expansion Submitted by Tyler Durden on 05/02/2013 - Nomura's Richard Koo destroys the backbone of the modern central bankers only tool in the tool-box in his latest paper. "As more and more people began to realize that increases in monetary base via QE during balance sheet recessions do not mean equivalent increases in money supply, the hype over QEs in the FX market is likely to calm down ...The only way quantitative easing can have a positive impact on economic activity is if the authorities’ purchase of assets from the private sector boosts asset prices, making people feel wealthier and thereby encouraging them to consume more. This is the wealth effect, often referred to by the Fed chairman Bernanke as the portfolio rebalancing effect, but even he has acknowledged that it has a very limitmed impact... In a sense, quantitative easing is meant to benefit the wealthy. After all, it can contribute to GDP only by making those with assets feel wealthier and encouraging them to consume more." { Yet, their marginal propensity to consume is far lower than the non-wealthy, and the amount far less in absolute terms.}

22 Facts That Prove That The Bottom 90 Percent Of America Is Systematically Getting Poorer

http://albertpeia.com/90percentofamericapoorer.htm

MaY DaY, May DaY, MaY DaY!!! http://albertpeia.com/commayday.htm

THe MoDeRN MoNeY OCToPuS... http://albertpeia.com/octopussies.htm

Will The New Housing Bubble That Bernanke Is Creating End As Badly As The Last One Did?

http://albertpeia.com/newbubblebigburst.htm

Welcome Back Recession: Chicago PMI Implodes To 49, First Sub-50 Print Since September 2009 Submitted by Tyler Durden on 04/30/2013 - TOTAL COLLAPSE.

The Crisis Is Imminent: “When The Real Crash Comes It Will Be Worse Than the Great Depression” Mac Slavo | “The United States is like the Titanic, and I’m here with the lifeboat trying to get people to leave the ship.”

Macro Collapse Pushes S&P 500 To New All-Time Nominal High And Close Submitted by Tyler Durden on 04/30/2013

A FeW BuNGaS MoRe Posted by: williambanzai7 Post date: 04/27/2013 - The Good, The Bunga and The Ugly... http://albertpeia.com/goodbadugly.htm

A BaSeMeNT, a BuLL HoRN and a JuNK ASS... Posted by: williambanzai7 Post date: 04/29/2013 - More from Dr Krugman... http://albertpeia.com/junkasses.htm

20 Signs That The Next Great Economic Depression Has Already Started In Europe

http://albertpeia.com/greatdepressionhasbegun.htm

The Jay-Z Illuminati Conspiracy: Are Beyonce And Jay-Z Seducing Our Kids Into The Occult?

http://endoftheamericandream.com

http://albertpeia.com/illuminaticonspiracy.htm

{ Come on! Niggers are total b***s***! But they like you to think they’re part of ‘something other/more’ than their pathetic reality. They’re as much so-called ‘illuminati’ as those somalian pirates. As far as the list of CFR members, what a bunch of f***ups … after all, look at the disastrous state of the world … oh yeah, there’s a new world order, supplanting the old new world order, largely owing to the f***ups f***ing up … some call that history … rather pathetic at that … yet, what can you expect … { 30 Population Control Quotes That Show That The Elite Truly Believe That Humans Are A Plague Upon The Earth http://albertpeia.com/humanplagueonearth.htm , http://albertpeia.com/45signsamericatinyelitemajoritypoor.htm , Corporatism: A System Of Control Designed By The Monopoly Men Of The Global Elite http://albertpeia.com/corporatistcontrol.htm , 29 Signs That The Elite Are Transforming Society Into A Total Domination Control Grid http://albertpeia.com/dominationcontrolgrid.htm { First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently, primitive apes. See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. } [ 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said: The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing
http://albertpeia.com/planetalreadyruined.htm ] The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

DeMiSe OF THe GReaT CHaiRSaTaN? http://albertpeia.com/demiseofbenchairsatan.htm

Albert Edwards' Bleak Crystal Ball Reveals Gold Above $10,000; S&P At 450 ; And Sub-1% Bond Yields Submitted by Tyler Durden on 04/25/2013 - "The late Margaret Thatcher had a strong view about consensus. She called it: “The process of abandoning all beliefs, principles, values, and policies in search of something in which no one believes, but to which no one objects.” The same applies to most market forecasts. With some rare exceptions (like our commodity analysts? recent prescient call for a slump in the gold price), analysts don?t like to stand out from the crowd. It is dangerous and career-challenging. In that vein, we repeat our key forecasts of the S&P Composite to bottom around 450, accompanied by sub-1% US 10y yields and gold above $10,000."

JPMorgan's Eligible Gold Plummets 65% In 24 Hours To All Time Low Submitted by Tyler Durden Just What Is Going On With The Gold In JPMorgan's Vault? A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... The unraveling of the Ponzi Burrito begins.. http://albertpeia.com/germangoldgone.htm

America The Fallen: 24 Signs That Our Once Proud Cities Are Turning Into Poverty-Stricken Hellholes

http://albertpeia.com/americanhellholes.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

IN CaSe You ARe WoNDeRiNG WHaT JuST HaPPeNeD AT AP... Posted by : williambanzai7 Post date: 04/23/2013 - A Banzai7 exclusive... http://albertpeia.com/hackflashcrash.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

Mourn For America: Whenever A Tragedy Happens They Take Even More Freedom From Us

http://albertpeia.com/mournforamerica.htm

TWo KiNDS OF TeRRoRiSTS... http://albertpeia.com/2kindsofterrorists.htm

EVoLuTioN oF A EURO SWiNe... http://albertpeia.com/euroswine.htm

17 Unanswered Questions About The Boston Marathon Bombing The Media Is Afraid To Ask

http://albertpeia.com/17unansweredquestionsmediaafraidtoask.htm

MeSSaGe To Mr KRuGMaN... http://albertpeia.com/feddykrugerands.htm

History Tells Us That A Gold Crash + An Oil Crash = Guaranteed Recession

http://albertpeia.com/goldcrashplusoilcrashequalsrecession.htm

Suspicious Photo of Gold-Bomber ben… by williambanzai7The Limerick King http://albertpeia.com/suspicioushelicopterbenphoto.htm

…The Takedown Of Gold A Sign That The Entire Global Financial System Is About To Crash … ?

http://albertpeia.com/globalfinancialsystemcrash.htm

‘…So who is behind all of this orchestration?  Well, according to Dr. Paul Craig Roberts, it is actually the Federal Reserve... The Federal Reserve began its April Fool’s assault on gold by sending the word to brokerage houses, which quickly went out to clients, that hedge funds and other large investors were going to unload their gold positions and that clients should get out of the precious metal market prior to these sales. As this inside information was the government’s own strategy, individuals cannot be prosecuted for acting on it. By this operation, the Federal Reserve, a totally corrupt entity, was able to combine individual flight with institutional flight. Bullion prices took a big hit, and bullishness departed from the gold and silver markets. The flow of dollars into bullion, which threatened to become a torrent, was stopped. In fact, Dr. Roberts says that former Goldman Sachs trader Andrew Maguire is reporting that the Fed orchestrated the dumping of 500 tons of naked gold shorts into the market on Friday... According to Andrew Maguire, on Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale. If he doesn’t have the item, he borrows it from someone who does, putting up cash collateral equal to the current market price. Then he sells the item, waits for it to fall in price, buys it back at the lower price and returns it to the owner who returns his collateral. If enough shorts are sold, the result can be to drive down the market price. As Dr. Roberts noted, this represents an absolutely massive amount of gold... Consider the 500 tons of paper gold sold on Friday. Begin with the question, how many ounces is 500 tons? There are 2,000 pounds to one ton. 500 tons equal 1,000,000 pounds. There are 16 ounces to one pound, which comes to 16 million ounces of short sales on Friday. Who has 16 million ounces of gold? At the beginning gold price that day of about $1,550, that comes to $24,800,000,000. Who has that kind of money? … A WHOLE LOT OF PEOPLE NEED TO BE CRIMINALLY INVESTIGATED. Meanwhile, many are considering this takedown of gold to be an ominous sign that another major financial crisis may be heading our way. Just remember what happened back in 2008.  As Zero Hedge noted on Monday, the price of gold suddenly plunged 21 percent in July 2008.  That was just a couple of months before the U.S. stock market crashed in the fall...’

El-Erian's Summary: "Virtually Every Market Is Trading At Very Artificial Levels"Submitted by Tyler Durden on 04/16/2013 - "In order for central banks to achieve their ultimate economic objective - which is growth and jobs - they have to push investors into taking more risk than is justified," is the somewhat chilling warning that PIMCO's Mohamed El-Erian gives in this excellent interview with the WSJ. "Central banks are operating through the wealth effect and animal spirits," El-Erian says peeling back the truth onion, as they prop up asset prices to "artificial levels, in virtually every market." Worries over the central bankers of the world withdrawing easy money policies too early are "unwarranted," he notes, adding that he suspects, "they will most likely stay too long and they will consciously make that mistake." Critically, though, he sends a message that appears to fit with many of our recent discussions (most recently here) that "if these levels aren’t validated by the fundamentals, then investors will get hurt."

MarketWatch Paul B. Farrell America needs a new war Commentary: Any one of these 10 flash points could trigger it, saving capitalism from itself. { I’m really disappointed by this article and will no longer follow or post links to farrell’s articles. Even if in jest, an exercise in sarcasm, or sophistry at its worst, such position is so absolutely uncivilized and in such poor taste and without any intellectual foundation that I must wonder how MarketWatch hasn’t really ‘watched’. I want to know what wars farrell’s fought in, or how many of his own children have died in same. I’m staunchly against communism which I’ve made no secret; but if farrell’s specious reasoning was correct (it’s not, economically and otherwise, but quite Orwellian), I honestly would then say, ‘Let capitalism die’! }

HeaDS I WiN... by: williambanzai7 http://albertpeia.com/headsiwin.htm

QE TiTaNiC 2013... by: williambanzai7 http://albertpeia.com/benusstitanicqeedkoed.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

5-02-13

Ron Paul & Jim Rogers: "There's More Chaos To Come" Submitted by Tyler Durden on 05/02/2013 -Nations are going bust. And the worse things get, the more desperate their tactics become. This isn't the first time that the world has been in this position. This time is not different. History shows that there are serious, serious consequences to running unsustainably high debts and deficits. And those consequences have almost invariably involved pillaging people's wealth, savings, livelihoods and liberties... either directly or indirectly. What's happening right now is playing out in textbook fashion. More taxes, more debt, more printing, more confiscation, less freedom. Many people will resist the change and instead cling desperately to the old system - the cycle of debt and consumption that provided jobs, stability, and prosperity. These people will have their lives turned upside down because that system is gone forever. And in case it still weren't obvious, here is three minutes of clarity from Ron Paul and Jim Rogers..."I would expect that there is going to be a lot more chaos still to come." - Ron Paul; “They won’t take our bank accounts…they will take our retirement accounts.” - Jim Rogers

The "Price" Of Record High Markets: $10 Trillion In Seven Years Submitted by Tyler Durden on 05/02/2013 - By now everyone, even CNBC, admits that the only reason stocks are where they are is due to the G-7 central banks. What many may not know, however, is how we got here, and where we will be at the end of this year. The answer, as provided by JPM Asset Management CIO Michael Cembalest in the chart below, is at the dot in the top right. This will represent the addition of $10 trillion in liquidity, or alternatively the conversion of the "planetary nebula" of central bank balance sheet expansion, in the past seven years. And considering that, as we explained yesterday, there is another $10-11 trillion in scarce "quality collateral" that has to be injected into the financial markets via central banks collateral transformations, the number in yet another 7 years will be at $20 trillion if not exponentially higher, or higher than where US GDP will be.

Bill Gross: "Don't Buy - Sell" Submitted by Tyler Durden on 05/02/2013

First Euphoria Then Reality Submitted by Tyler Durden on 05/02/2013 - One possibility for the markets to reverse has always been some grand event but another is just the economic deterioration that wears away at the markets as current levels cannot be rationally supported. It is not just the Law of Diminishing Returns which is coming into play as the central banks create more money but the effects on the consumer of seriously declining available cash to be used to purchase goods and services.  We have been subject to a massive amount of monetary printing and an unconscionable manipulation of data but the affects of reality cannot be ignored forever because reality forces the consequences as the fantasy gives way over time.

Initial Claims Lowest Since Jan 2008 Levels; Import Plunge Leads To Much Lower Trade Deficit Submitted by Tyler Durden on 05/02/2013 - Mission Accomplished it would seem. Initial claims printed at its lowest since January 2008 at 324k. This is well below expectations of 345k - the biggest beat since September 2011. California and New York dominated the data with over 70,000 claims between them (though both dropped from last week). Michigan added the most from last month's rolls with 'educational service indutrsy' job losses affecting MA, CT, and RI. Emergency Unemployment Claims appears to have shaken off its statistical aberration of 2013 and is down a modest 12k this week.

Richard Koo On The Ineffectiveness Of Monetary Expansion Submitted by Tyler Durden on 05/02/2013 - Nomura's Richard Koo destroys the backbone of the modern central bankers only tool in the tool-box in his latest paper. "As more and more people began to realize that increases in monetary base via QE during balance sheet recessions do not mean equivalent increases in money supply, the hype over QEs in the FX market is likely to calm down ...The only way quantitative easing can have a positive impact on economic activity is if the authorities’ purchase of assets from the private sector boosts asset prices, making people feel wealthier and thereby encouraging them to consume more. This is the wealth effect, often referred to by the Fed chairman Bernanke as the portfolio rebalancing effect, but even he has acknowledged that it has a very limitmed impact... In a sense, quantitative easing is meant to benefit the wealthy. After all, it can contribute to GDP only by making those with assets feel wealthier and encouraging them to consume more." { Yet, their marginal probensity to consume is far lower than the non-wealthy, and the amount far less in absolute terms.}

Guest Post: Nicholas Taleb Against Establishment Economists Submitted by Tyler Durden on 05/02/2013 - What once used to be a field in which men of towering intellect tried to establish, discuss and lay down the tenets of what was widely considered an entirely new science as recently as the late 19th century, has become a field in which a great many rather mediocre intellectuals are mainly serving the interests of the State. Nassim Taleb recently too to task a number of the so-called mainstream economists - assessing and analyzing the flaws of modern policy-making and central economic planning as well as the fractionally reserved banking system. We wish him success in tackling the handmaidens of statism and their pseudo-scientific output. Anyone criticizing the producers of fig leaves for interventionism deserves our support. Of course, if an economist rejects interventionism and supports the establishment of an unhampered free market, then there is obviously no role for him as an 'economic planner' and 'adviser to policymakers' (except for advising them to stay the hell out of the economy and stop meddling with it). 

Frontrunning: May 2

Submitted by Tyler Durden on 05/02/2013 - 07:40

The number of bond funds that own stocks has surged to its highest point in at least 18 years (WSJ)

Clubby London Trading Scene Fostered Libor Rate-Fixing Scandal (WSJ)

Cheap money bankrolls Wall Street's bet on housing (Reuters)

Bank of Japan reveals concerns over easing policy (FT)

iPads and low-end rivals propel higher tablet shipments  (Reuters)

China Cyberspies Outwit U.S. Stealing Military Secrets (BBG)

Draghi Fuels Bets on Rate Cut With Risk of Limited Impact (BBG)

China guides renminbi to fresh high against US dollar (FT)

Japan is preparing to start up a massive nuclear-fuel reprocessing plant (WSJ)

Apple’s Ive Seen Risking iOS 7 Delay on Software Overhaul (BBG)

UBS faces calls for break-up at investor meeting (Reuters)

QE Has Been and Will Continue to Be a Complete Failure Posted by: Phoenix Capital... Post date: 05/02/2013 - There is not one single example in history in which QE has successfully created jobs. The UK has engaged in QE equal to over 20% of its GDP and hasn’t seen a real recovery in employment....

22 Facts That Prove That The Bottom 90 Percent Of America Is Systematically Getting Poorer

http://albertpeia.com/90percentofamericapoorer.htm

MaY DaY, May DaY, MaY DaY!!! http://albertpeia.com/commayday.htm

THe MoDeRN MoNeY OCToPuS... http://albertpeia.com/octopussies.htm

Will The New Housing Bubble That Bernanke Is Creating End As Badly As The Last One Did?

http://albertpeia.com/newbubblebigburst.htm

Welcome Back Recession: Chicago PMI Implodes To 49, First Sub-50 Print Since September 2009 Submitted by Tyler Durden on 04/30/2013 - TOTAL COLLAPSE.

The Crisis Is Imminent: “When The Real Crash Comes It Will Be Worse Than the Great Depression” Mac Slavo | “The United States is like the Titanic, and I’m here with the lifeboat trying to get people to leave the ship.”

Macro Collapse Pushes S&P 500 To New All-Time Nominal High And Close Submitted by Tyler Durden on 04/30/2013

A FeW BuNGaS MoRe Posted by: williambanzai7 Post date: 04/27/2013 - The Good, The Bunga and The Ugly... http://albertpeia.com/goodbadugly.htm

A BaSeMeNT, a BuLL HoRN and a JuNK ASS... Posted by: williambanzai7 Post date: 04/29/2013 - More from Dr Krugman... http://albertpeia.com/junkasses.htm

20 Signs That The Next Great Economic Depression Has Already Started In Europe

http://albertpeia.com/greatdepressionhasbegun.htm

The Jay-Z Illuminati Conspiracy: Are Beyonce And Jay-Z Seducing Our Kids Into The Occult?

http://endoftheamericandream.com

http://albertpeia.com/illuminaticonspiracy.htm

{ Come on! Niggers are total b***s***! But they like you to think they’re part of ‘something other/more’ than their pathetic reality. They’re as much so-called ‘illuminati’ as those somalian pirates. As far as the list of CFR members, what a bunch of f***ups … after all, look at the disastrous state of the world … oh yeah, there’s a new world order, supplanting the old new world order, largely owing to the f***ups f***ing up … some call that history … rather pathetic at that … yet, what can you expect … { 30 Population Control Quotes That Show That The Elite Truly Believe That Humans Are A Plague Upon The Earth http://albertpeia.com/humanplagueonearth.htm , http://albertpeia.com/45signsamericatinyelitemajoritypoor.htm , Corporatism: A System Of Control Designed By The Monopoly Men Of The Global Elite http://albertpeia.com/corporatistcontrol.htm , 29 Signs That The Elite Are Transforming Society Into A Total Domination Control Grid http://albertpeia.com/dominationcontrolgrid.htm { First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently, primitive apes. See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. } [ 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said: The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing
http://albertpeia.com/planetalreadyruined.htm ] The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

DeMiSe OF THe GReaT CHaiRSaTaN? http://albertpeia.com/demiseofbenchairsatan.htm

Albert Edwards' Bleak Crystal Ball Reveals Gold Above $10,000; S&P At 450 ; And Sub-1% Bond Yields Submitted by Tyler Durden on 04/25/2013 - "The late Margaret Thatcher had a strong view about consensus. She called it: “The process of abandoning all beliefs, principles, values, and policies in search of something in which no one believes, but to which no one objects.” The same applies to most market forecasts. With some rare exceptions (like our commodity analysts? recent prescient call for a slump in the gold price), analysts don?t like to stand out from the crowd. It is dangerous and career-challenging. In that vein, we repeat our key forecasts of the S&P Composite to bottom around 450, accompanied by sub-1% US 10y yields and gold above $10,000."

JPMorgan's Eligible Gold Plummets 65% In 24 Hours To All Time Low Submitted by Tyler Durden Just What Is Going On With The Gold In JPMorgan's Vault? A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... The unraveling of the Ponzi Burrito begins.. http://albertpeia.com/germangoldgone.htm

America The Fallen: 24 Signs That Our Once Proud Cities Are Turning Into Poverty-Stricken Hellholes

http://albertpeia.com/americanhellholes.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

IN CaSe You ARe WoNDeRiNG WHaT JuST HaPPeNeD AT AP... Posted by : williambanzai7 Post date: 04/23/2013 - A Banzai7 exclusive... http://albertpeia.com/hackflashcrash.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

Mourn For America: Whenever A Tragedy Happens They Take Even More Freedom From Us

http://albertpeia.com/mournforamerica.htm

TWo KiNDS OF TeRRoRiSTS... http://albertpeia.com/2kindsofterrorists.htm

EVoLuTioN oF A EURO SWiNe... http://albertpeia.com/euroswine.htm

17 Unanswered Questions About The Boston Marathon Bombing The Media Is Afraid To Ask

http://albertpeia.com/17unansweredquestionsmediaafraidtoask.htm

MeSSaGe To Mr KRuGMaN... http://albertpeia.com/feddykrugerands.htm

History Tells Us That A Gold Crash + An Oil Crash = Guaranteed Recession

http://albertpeia.com/goldcrashplusoilcrashequalsrecession.htm

Suspicious Photo of Gold-Bomber ben… by williambanzai7The Limerick King http://albertpeia.com/suspicioushelicopterbenphoto.htm

…The Takedown Of Gold A Sign That The Entire Global Financial System Is About To Crash … ?

http://albertpeia.com/globalfinancialsystemcrash.htm

‘…So who is behind all of this orchestration?  Well, according to Dr. Paul Craig Roberts, it is actually the Federal Reserve... The Federal Reserve began its April Fool’s assault on gold by sending the word to brokerage houses, which quickly went out to clients, that hedge funds and other large investors were going to unload their gold positions and that clients should get out of the precious metal market prior to these sales. As this inside information was the government’s own strategy, individuals cannot be prosecuted for acting on it. By this operation, the Federal Reserve, a totally corrupt entity, was able to combine individual flight with institutional flight. Bullion prices took a big hit, and bullishness departed from the gold and silver markets. The flow of dollars into bullion, which threatened to become a torrent, was stopped. In fact, Dr. Roberts says that former Goldman Sachs trader Andrew Maguire is reporting that the Fed orchestrated the dumping of 500 tons of naked gold shorts into the market on Friday... According to Andrew Maguire, on Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale. If he doesn’t have the item, he borrows it from someone who does, putting up cash collateral equal to the current market price. Then he sells the item, waits for it to fall in price, buys it back at the lower price and returns it to the owner who returns his collateral. If enough shorts are sold, the result can be to drive down the market price. As Dr. Roberts noted, this represents an absolutely massive amount of gold... Consider the 500 tons of paper gold sold on Friday. Begin with the question, how many ounces is 500 tons? There are 2,000 pounds to one ton. 500 tons equal 1,000,000 pounds. There are 16 ounces to one pound, which comes to 16 million ounces of short sales on Friday. Who has 16 million ounces of gold? At the beginning gold price that day of about $1,550, that comes to $24,800,000,000. Who has that kind of money? … A WHOLE LOT OF PEOPLE NEED TO BE CRIMINALLY INVESTIGATED. Meanwhile, many are considering this takedown of gold to be an ominous sign that another major financial crisis may be heading our way. Just remember what happened back in 2008.  As Zero Hedge noted on Monday, the price of gold suddenly plunged 21 percent in July 2008.  That was just a couple of months before the U.S. stock market crashed in the fall...’

El-Erian's Summary: "Virtually Every Market Is Trading At Very Artificial Levels"Submitted by Tyler Durden on 04/16/2013 - "In order for central banks to achieve their ultimate economic objective - which is growth and jobs - they have to push investors into taking more risk than is justified," is the somewhat chilling warning that PIMCO's Mohamed El-Erian gives in this excellent interview with the WSJ. "Central banks are operating through the wealth effect and animal spirits," El-Erian says peeling back the truth onion, as they prop up asset prices to "artificial levels, in virtually every market." Worries over the central bankers of the world withdrawing easy money policies too early are "unwarranted," he notes, adding that he suspects, "they will most likely stay too long and they will consciously make that mistake." Critically, though, he sends a message that appears to fit with many of our recent discussions (most recently here) that "if these levels aren’t validated by the fundamentals, then investors will get hurt."

MarketWatch Paul B. Farrell America needs a new war Commentary: Any one of these 10 flash points could trigger it, saving capitalism from itself. { I’m really disappointed by this article and will no longer follow or post links to farrell’s articles. Even if in jest, an exercise in sarcasm, or sophistry at its worst, such position is so absolutely uncivilized and in such poor taste and without any intellectual foundation that I must wonder how MarketWatch hasn’t really ‘watched’. I want to know what wars farrell’s fought in, or how many of his own children have died in same. I’m staunchly against communism which I’ve made no secret; but if farrell’s specious reasoning was correct (it’s not, economically and otherwise, but quite Orwellian), I honestly would then say, ‘Let capitalism die’! }

HeaDS I WiN... by: williambanzai7 http://albertpeia.com/headsiwin.htm

QE TiTaNiC 2013... by: williambanzai7 http://albertpeia.com/benusstitanicqeedkoed.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

5-01-13

22 Facts That Prove That The Bottom 90 Percent Of America Is Systematically Getting Poorer

http://theeconomiccollapseblog.com

http://albertpeia.com/90percentofamericapoorer.htm

MaY DaY, May DaY, MaY DaY!!! Posted by: williambanzai7 Post date: 05/01/2013 - The goal of capitalism is communism....-Timothy Trotski http://albertpeia.com/commayday.htm

Abenomics Tries To Make Sure Japan Is Going Down Swinging Posted by : testosteronepit Post date: 05/01/2013 - Lamborghini sales hit the highest level in 14 years, Ferrari sales jumped 40% for the first quarter, luxury retailers forecast fat profits....

Non-Muslims Carried Out More than 90% of All Terrorist Attacks on U.S. Soil Posted by: George Washington Post date: 05/01/2013 - Terrorism Is a Real Threat … But the Threat to the U.S. from Muslim Terrorists Has Been Exaggerated

Manufacturing ISM Drops To Lowest Since December, Employment Slide Biggest Since 2008 Submitted by Tyler Durden on 05/01/2013 - Those expecting a complete collapse in the Manufacturing ISM, on par with yesterday's slide in the Chicago PMI, will have to wait some more before the complete devastation in the US manufacturing sector sends stocks into the stratosphere. Moments ago the ISM Manufacturing report for April was released, printing at a headline of 50.7, down from 51.3 and the lowest print since December 2012. The good news: it was still above 50 and beat expectations of a 50.6 print by the smallest amount possible. The bad news: it is sliding fast. The worst news: the Employment Indicator, which came at 50.2, down 4 on the month, was the lowest since November, tied with the biggest sequential drop since 2008 in absolute terms, and the biggest drop in percentage terms since the Great Financial Crisis. Judging by the stock market response, the news is not as bad as needed to send the S&P to over 1600, at least not just yet (but the biggest 3-month drop in construction spending in 26 months may be bad enough to get us there).

Frontrunning: May 1

Submitted by Tyler Durden on 05/01/2013

Physical demand up: U.S. Mint Sales of Gold Coins Jump to Highest in Three Years (BBG)

Paper demand down: Gold ETP Holdings Cap Record Drop as $17.9 Billion Wiped Out (BBG)

It's May 1 not April 1: Fed Seen Slowing Stimulus With QE Cut by End of This Year (BBG)

Another great step for Abenomics: Sony leadership to forgo bonuses after broken promise on profits (FT)

High-Speed Traders Exploit Loophole (WSJ)

It's peanut Breaburn jelly time: How Google UK clouds its tax liabilities (Reuters)

Frowny face day at the Mark Zandi household: Obama Said to Choose Watt to Lead Fannie Mae Regulator (BBG)

Russia’s 20 Biggest Billionaires Keep Riches From Putin (BBG)

China Affair With Cheap Diamonds Heats Mass Market (BBG)

China's emotional ties to North Korea run deep in border city (Reuters)

US companies must use cash piles for capex (FT) ... and yet they aren't. Tax anyone who doesn't spend for CapEx!

Chinese Way of Doing Business: In Cash We Trust (NYT)

RANsquawk EU Market Re-Cap - 1st May 2013 Submitted by RANSquawk Video on 05/01/2013

ADP Private Jobs Plunge, Miss; Fall For Fifth Month In A RowSubmitted by Tyler Durden on 05/01/2013 - With the March Payroll number printing at a miserable 88K compared to ADP's 158K print, it was only a matter of time before Mark Zandi, still furious from getting the news he won't be the next GSE Tzar, revised the last month's data to 131K as he just did. Concurrently he also announced that the just released April ADP was a huge miss to expectations of 150K, printing at just 119K, or a 31K miss. This was the 5th month in a row of declines excluding the small bounce in February data. It also means that the combined miss to expectations including March (original estimate +200K) and April (estimate 150K) is precisely 100K. This excludes whatever revisions ADP will do to the April number following the even bigger looming NFP miss. Manufacturing jobs? -10,000. Oh yes, anyone looking for seasonally unadjusted ADP data, good luck - keep on looking. In short: yet another atrocious economic data point which however may need the support of the equally horrible sub-49 Mfg ISM due out shortly to take out 1600 in the S&P. 

Bill Gross: "There Will Be Haircuts" Submitted by Tyler Durden on 05/01/2013 - The highlights from Bill Gross' monthly letter: "The past decade has proved that houses were merely homes and not ATM machines. They were not “good as money.” Likewise, the Fed’s modern day liquid wealth creations such as bonds and stocks may suffer a similar fate at a future bubbled price whether it be 1.50% for a 10-year Treasury or Dow 16,000.... if there are no spending cuts or asset price write-offs, then it’s hard to see how deficits and outstanding debt as a percentage of GDP can ever be reduced....  Current policies come with a cost even as they act to magically float asset prices higher, making many of them to appear “good as money”. And the take away: "PIMCO’s advice is to continue to participate in an obviously central-bank-generated bubble but to gradually reduce risk positions in 2013 and perhaps beyond. While this Outlook has indeed claimed that Treasuries are money good but not “good money,” they are better than the alternative (cash) as long as central banks and dollar reserve countries (China, Japan) continue to participate....a bond and equity investor can choose to play with historically high risk to principal or quit the game and earn nothing."

Desperately Seeking $11.2 Trillion In Collateral, Or How "Modern Money" Really Works Submitted by Tyler Durden on 05/01/2013 - Over a year ago, we first explained what one of the key terminal problems affecting the modern financial system is: namely the increasing scarcity and disappearance of money-good assets ("safe" or otherwise) which due to the way "modern" finance is structured, where a set universe of assets forms what is known as "high-quality collateral" backstopping trillions of rehypothecated shadow liabilities all of which have negligible margin requirements (and thus provide virtually unlimited leverage) until times turn rough and there is a scramble for collateral, has become perhaps the most critical, and missing, lynchpin of financial stability. Not surprisingly, recent attempts to replenish assets (read collateral) backing shadow money, most recently via attempted Basel III regulations, failed miserably as it became clear it would be impossible to procure the just $1-$2.5 trillion in collateral needed according to regulatory requirements. The reason why this is a big problem is that as the Matt Zames-headed Treasury Borrowing Advisory Committee (TBAC) showed today as part of the appendix to the quarterly refunding presentation, total demand for "High Qualty Collateral" (HQC) would and could be as high as $11.2 trillion under stressed market conditions.

JCPenney: We Are Very, Very Sorry So Please Come Back And, Like, Buy Our Stuff Submitted by Tyler Durden on 05/01/2013

And For Its Next Trick, JPMorgan Takes Over The SEC Submitted by Tyler Durden on 05/01/2013 - JPM wasn't satisfied with demonstrating its implicit control over the US bond issuing authority by promoting Matt Zames to the post of COO, the same Matt Zames who courtesy of his Chairmanship of the TBAC, also effectively runs the US Treasury where he "advises" the brand new Treasury Secretary who has no idea what he is doing. Oh no. Just to cover all its bases, Jamie Dimon's firm decided to also take over the SEC as well.

Hank Paulson Burned As Another Electric Car Maker Goes Up In Flames Submitted by Tyler Durden on 05/01/2013 -It would appear that (apart from Tesla, for now) that any thing related to electric cars is going up in flames. From Fisker's fubar (and blowing all that hard-earned government funding) and Chevy's Volt dysphoria to A-123 Systems (the Lithium-Ion battery-maker) and now Coda - which Yahoo Finance notes was among an emerging crop of California startups seeking to build emission-free electric cars three years ago. After selling just 100 of its $37,250 five-passenger vehicles, Coda filed Chapter 11 today taking a few well-known investors with it. On the bright side, the government was not involved (from what we can tell), but on the even brighter side, none other than former US Treasury Secretary Hank Paulson was among those burned by the company going up in flames (as was Harbinger's Phil Falcone).

Feedback Loops And The Unsustainability Of China's 'Moderate' Growth Submitted by Tyler Durden on 05/01/2013 - With last night's China PMI disappointing expectations and eking out a just-expansionary miasma of hope for the growth enthusiasts, the very real question of global growth sustainability (while not on US equity market participants' minds) is coming to the fore. As Michael Pettis notes, Martin Wolf's recent perspective that it may be useful to think about Japan as a model for understanding the adjustment process in China since the Japanese model shows how risky it is to shift to a slow-growth model. While expectations for a 'relatively moderate' slowdown are common (at rates considered rapid for most economies); Pettis asks rhetorically, if part of the explanation for China’s spectacular growth of the past three decades has to do with the positive feedback loops that are so typical of developing countries with fragile and unsophisticated financial systems, then a moderate slowdown in growth may be an impossible target to achieve. Once growth starts to slow, the self-reinforcing impact on urbanization, on credit growth, on financial distress, and on expectations may force growth rates to drop far more sharply than any 'plausible' analysis would suggest.

Guest Post: This Is What It Means To Be Free In America Submitted by Tyler Durden on 05/01/2013 - We really hate to be negative... but this is positively revolting. Disgusting. Indescribably offensive. In the Land of the Free recently, a California couple had their child kidnapped by the state. At gunpoint. It all started in mid-April when Anna and Alex Nikolayev took their 5-month old son Sammy to the hospital in Sacramento to be treated for flu symptoms...

Europe Has Become A Totalitarian State Submitted by Tyler Durden on 05/01/2013 - Cyprus is absolutely the template for Europe now. It is just that the template is far worse than what is narrowly imagined. It is not the small nation of Cyprus nor is it that the specifics of the criminality that was transacted in Cyprus which is any sort of template. This is not the center of the issue. It is what Cyprus means and the horrible implications of what took place. Yesterday the Parliament in Cyprus narrowly passed the EU bailout. There is one set of guidelines for Germany now and Germany still operates under their own laws but when it comes to other nations in the European Union that are in financial difficulty there are no real laws left. All that there is now is the tyrannical demands of Berlin that must be obeyed to receive funds.

What Causes The Growing Wealth Gap In America? Submitted by Tyler Durden on 05/01/2013 - A major issue in America today is the growing gap between the rich and the poor, and the popular narrative is that the disparity is caused by capitalism run wild and only the firm hand of government can fix the problem. But what if this narrative has it backwards? What if the growing wealth disparity in America is actually caused by the government? Take Warren Buffet, a man often at the center of this debate, as not only is he a billionaire, but also a vocal advocate for higher income taxes on the rich. Many are aware of his acumen in making investments that have a “margin of safety” – or minimal downside – but few are aware of the greatest source of such safety for Mr. Buffet in recent years, the US Government.

THe MoDeRN MoNeY OCToPuS... http://albertpeia.com/octopussies.htm

Will The New Housing Bubble That Bernanke Is Creating End As Badly As The Last One Did?

http://albertpeia.com/newbubblebigburst.htm

Welcome Back Recession: Chicago PMI Implodes To 49, First Sub-50 Print Since September 2009 Submitted by Tyler Durden on 04/30/2013 - TOTAL COLLAPSE.

The Crisis Is Imminent: “When The Real Crash Comes It Will Be Worse Than the Great Depression” Mac Slavo | “The United States is like the Titanic, and I’m here with the lifeboat trying to get people to leave the ship.”

Macro Collapse Pushes S&P 500 To New All-Time Nominal High And Close Submitted by Tyler Durden on 04/30/2013

A FeW BuNGaS MoRe Posted by: williambanzai7 Post date: 04/27/2013 - The Good, The Bunga and The Ugly... http://albertpeia.com/goodbadugly.htm

A BaSeMeNT, a BuLL HoRN and a JuNK ASS... Posted by: williambanzai7 Post date: 04/29/2013 - More from Dr Krugman... http://albertpeia.com/junkasses.htm

20 Signs That The Next Great Economic Depression Has Already Started In Europe

http://albertpeia.com/greatdepressionhasbegun.htm

The Jay-Z Illuminati Conspiracy: Are Beyonce And Jay-Z Seducing Our Kids Into The Occult?

http://endoftheamericandream.com

http://albertpeia.com/illuminaticonspiracy.htm

{ Come on! Niggers are total b***s***! But they like you to think they’re part of ‘something other/more’ than their pathetic reality. They’re as much so-called ‘illuminati’ as those somalian pirates. As far as the list of CFR members, what a bunch of f***ups … after all, look at the disastrous state of the world … oh yeah, there’s a new world order, supplanting the old new world order, largely owing to the f***ups f***ing up … some call that history … rather pathetic at that … yet, what can you expect … { 30 Population Control Quotes That Show That The Elite Truly Believe That Humans Are A Plague Upon The Earth http://albertpeia.com/humanplagueonearth.htm , http://albertpeia.com/45signsamericatinyelitemajoritypoor.htm , Corporatism: A System Of Control Designed By The Monopoly Men Of The Global Elite http://albertpeia.com/corporatistcontrol.htm , 29 Signs That The Elite Are Transforming Society Into A Total Domination Control Grid http://albertpeia.com/dominationcontrolgrid.htm { First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently, primitive apes. See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. } [ 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said: The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing
http://albertpeia.com/planetalreadyruined.htm ] The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

DeMiSe OF THe GReaT CHaiRSaTaN? http://albertpeia.com/demiseofbenchairsatan.htm

Albert Edwards' Bleak Crystal Ball Reveals Gold Above $10,000; S&P At 450 ; And Sub-1% Bond Yields Submitted by Tyler Durden on 04/25/2013 - "The late Margaret Thatcher had a strong view about consensus. She called it: “The process of abandoning all beliefs, principles, values, and policies in search of something in which no one believes, but to which no one objects.” The same applies to most market forecasts. With some rare exceptions (like our commodity analysts? recent prescient call for a slump in the gold price), analysts don?t like to stand out from the crowd. It is dangerous and career-challenging. In that vein, we repeat our key forecasts of the S&P Composite to bottom around 450, accompanied by sub-1% US 10y yields and gold above $10,000."

JPMorgan's Eligible Gold Plummets 65% In 24 Hours To All Time Low Submitted by Tyler Durden Just What Is Going On With The Gold In JPMorgan's Vault? A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... The unraveling of the Ponzi Burrito begins.. http://albertpeia.com/germangoldgone.htm

America The Fallen: 24 Signs That Our Once Proud Cities Are Turning Into Poverty-Stricken Hellholes

http://albertpeia.com/americanhellholes.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

IN CaSe You ARe WoNDeRiNG WHaT JuST HaPPeNeD AT AP... Posted by : williambanzai7 Post date: 04/23/2013 - A Banzai7 exclusive... http://albertpeia.com/hackflashcrash.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

Mourn For America: Whenever A Tragedy Happens They Take Even More Freedom From Us

http://albertpeia.com/mournforamerica.htm

TWo KiNDS OF TeRRoRiSTS... http://albertpeia.com/2kindsofterrorists.htm

EVoLuTioN oF A EURO SWiNe... http://albertpeia.com/euroswine.htm

17 Unanswered Questions About The Boston Marathon Bombing The Media Is Afraid To Ask

http://albertpeia.com/17unansweredquestionsmediaafraidtoask.htm

MeSSaGe To Mr KRuGMaN... http://albertpeia.com/feddykrugerands.htm

History Tells Us That A Gold Crash + An Oil Crash = Guaranteed Recession

http://albertpeia.com/goldcrashplusoilcrashequalsrecession.htm

Suspicious Photo of Gold-Bomber ben… by williambanzai7The Limerick King http://albertpeia.com/suspicioushelicopterbenphoto.htm

…The Takedown Of Gold A Sign That The Entire Global Financial System Is About To Crash … ?

http://albertpeia.com/globalfinancialsystemcrash.htm

‘…So who is behind all of this orchestration?  Well, according to Dr. Paul Craig Roberts, it is actually the Federal Reserve... The Federal Reserve began its April Fool’s assault on gold by sending the word to brokerage houses, which quickly went out to clients, that hedge funds and other large investors were going to unload their gold positions and that clients should get out of the precious metal market prior to these sales. As this inside information was the government’s own strategy, individuals cannot be prosecuted for acting on it. By this operation, the Federal Reserve, a totally corrupt entity, was able to combine individual flight with institutional flight. Bullion prices took a big hit, and bullishness departed from the gold and silver markets. The flow of dollars into bullion, which threatened to become a torrent, was stopped. In fact, Dr. Roberts says that former Goldman Sachs trader Andrew Maguire is reporting that the Fed orchestrated the dumping of 500 tons of naked gold shorts into the market on Friday... According to Andrew Maguire, on Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale. If he doesn’t have the item, he borrows it from someone who does, putting up cash collateral equal to the current market price. Then he sells the item, waits for it to fall in price, buys it back at the lower price and returns it to the owner who returns his collateral. If enough shorts are sold, the result can be to drive down the market price. As Dr. Roberts noted, this represents an absolutely massive amount of gold... Consider the 500 tons of paper gold sold on Friday. Begin with the question, how many ounces is 500 tons? There are 2,000 pounds to one ton. 500 tons equal 1,000,000 pounds. There are 16 ounces to one pound, which comes to 16 million ounces of short sales on Friday. Who has 16 million ounces of gold? At the beginning gold price that day of about $1,550, that comes to $24,800,000,000. Who has that kind of money? … A WHOLE LOT OF PEOPLE NEED TO BE CRIMINALLY INVESTIGATED. Meanwhile, many are considering this takedown of gold to be an ominous sign that another major financial crisis may be heading our way. Just remember what happened back in 2008.  As Zero Hedge noted on Monday, the price of gold suddenly plunged 21 percent in July 2008.  That was just a couple of months before the U.S. stock market crashed in the fall...’

El-Erian's Summary: "Virtually Every Market Is Trading At Very Artificial Levels"Submitted by Tyler Durden on 04/16/2013 - "In order for central banks to achieve their ultimate economic objective - which is growth and jobs - they have to push investors into taking more risk than is justified," is the somewhat chilling warning that PIMCO's Mohamed El-Erian gives in this excellent interview with the WSJ. "Central banks are operating through the wealth effect and animal spirits," El-Erian says peeling back the truth onion, as they prop up asset prices to "artificial levels, in virtually every market." Worries over the central bankers of the world withdrawing easy money policies too early are "unwarranted," he notes, adding that he suspects, "they will most likely stay too long and they will consciously make that mistake." Critically, though, he sends a message that appears to fit with many of our recent discussions (most recently here) that "if these levels aren’t validated by the fundamentals, then investors will get hurt."

MarketWatch Paul B. Farrell America needs a new war Commentary: Any one of these 10 flash points could trigger it, saving capitalism from itself. { I’m really disappointed by this article and will no longer follow or post links to farrell’s articles. Even if in jest, an exercise in sarcasm, or sophistry at its worst, such position is so absolutely uncivilized and in such poor taste and without any intellectual foundation that I must wonder how MarketWatch hasn’t really ‘watched’. I want to know what wars farrell’s fought in, or how many of his own children have died in same. I’m staunchly against communism which I’ve made no secret; but if farrell’s specious reasoning was correct (it’s not, economically and otherwise, but quite Orwellian), I honestly would then say, ‘Let capitalism die’! }

HeaDS I WiN... by: williambanzai7 http://albertpeia.com/headsiwin.htm

QE TiTaNiC 2013... by: williambanzai7 http://albertpeia.com/benusstitanicqeedkoed.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

4-30-13

THe MoDeRN MoNeY OCToPuS... Posted by: williambanzai7 Post date: 04/30/2013 - How it actually works and the end of Mr Bombhead... http://albertpeia.com/octopussies.htm

Will The New Housing Bubble That Bernanke Is Creating End As Badly As The Last One Did?

http://theeconomiccollapseblog.com

http://albertpeia.com/newbubblebigburst.htm

Welcome Back Recession: Chicago PMI Implodes To 49, First Sub-50 Print Since September 2009 Submitted by Tyler Durden on 04/30/2013 - TOTAL COLLAPSE. That is the only way to explain what just happened with the Chicago PMI which imploded from 52.4, and printed at a contractionary 49: the first sub-50 headline print since September 2009. But that's not all: Deliveries, Prices Paid and Production all hit their lowest since 2009; Backlogs posted their tenth month of contraction in the past 12 months. And what's worst for the Department of Making Shit Up, Employment plunged from 551. to 48.7, its third month over month decline. Actually another way to phrase it: complete disaster. Obviously this number explains why S&P should have no problems crossing 1,600 today. Because for that other Department: of Propaganda and Creating money out of thin air, this means only one thing: the Fed is preparing to print ONE KROOGOL MORE!

The Crisis Is Imminent: “When The Real Crash Comes It Will Be Worse Than the Great Depression” Mac Slavo | “The United States is like the Titanic, and I’m here with the lifeboat trying to get people to leave the ship.”

Macro Collapse Pushes S&P 500 To New All-Time Nominal High And Close Submitted by Tyler Durden on 04/30/2013 - "Horrible" PMI, no problem; just add it to the list of macro data that has missed significantly in recent weeks. Bloomberg's US Macro index has utterly collapse in recent weeks - now at its worst level in 7 months but apparently if good is good, bad is better, and totally shitty is absolutely awesome. It would appear the world of nominal equity index chasers is now fully cognizant that the reality of their lemming like herding is based on one simple thing (no matter how much they kick and scream and proclaim wisdom about earnings cycles, growth, margins, transformative energy, or new AAPL products) - and that is... Central Bank promises. If the Fed needed any ammo for tomorrow to hint that there is a time frame longer than infinite and that there is a size of imprudence larger than infinity, then they have it... of course, there is, once gain, very weak volume on this uptick (but like everything else, that doesn't matter either.)

CME Chairman On Gold: “People Don’t Want Gold Certificates, They Want the Real Product” Submitted by Tyler Durden on 04/30/2013 - CME's Terry Duffy: "What’s interesting about gold, when we had that big break two weeks ago we saw all the gold stocks trade down significantly, we saw all the gold products trade down significantly, but one thing that did not trade down, was gold coins, tangible real  gold.  That’s going to show you, people don’t want certificates, they don’t want anything else.  They want the real product."

Is Stability In Japanese Bonds Signalling Gold's Next Leg Higher? Submitted by Tyler Durden on 04/30/2013 - There is a very explicit link between the volatility (or risk) associated with one of the world's lowest yield and supposedly risk-free sovereign bond complexes and the need for liquidity (or cash over gold or commodities). The last two weeks has seen JGB bond vol drop and gold rally as the correlation (which appears to have strong causal links) continues; and suggests notably more upside for Gold (especially as CoT data shows net longs remain extremely low).

What Was Left Unanswered In Today's Apple Record Bond Offering Submitted by Tyler Durden on 04/30/2013 - What seems to be known by very few, is what appears to be a very disturbing trend in the distribution of cash domestically vs cash abroad. As the chart below shows, when it comes to offshore-held cash, AAPL is indeed a cash cow. And with the bulk of the company's growth prospects, and ever more so, sales abroad, this makes intuitive sense. As noted above, AAPL reported $102 billion in cash abroad, an increase of $8 billion in the quarter.  This is terrific news... if only the company could dividend, buyback or engage in any other shareholder friendly action with this cash. It can't. How about cash held domestically? Well, as can be seen in the red bar below, domestic cash has not only stagnated in the $30-40 billion area for two years, it actually declined in the most recent quarter. And yes, this is the cash that Apple has full recourse to, and which it uses to make dividend payments out of, and to fund stock buybacks. Congratulations to Apple for its record $17 billion bond offering today. Perhaps the real question, however, is when is the next one?

And Now, The Ugly Side Of A College Education Submitted by Tyler Durden on 04/30/2013 - Yesterday we showed the good side of college by presenting those majors that result in the best starting salaries fresh out of college. Now the bad side.

Guest Post: Bubble Symmetry And Housing Submitted by Tyler Durden on 04/30/2013 - Way back in 2006 at the height of the housing bubble, we prepared this chart proposing the housing bubble might exhibit symmetry, i.e. the decline would mirror the rise. We also proposed that the decline would be characterized by phase shifts that corresponded to the decay of whatever reason was being given for the "recovery" in housing, for example, "this must be the bottom." Perhaps all the trillions of dollars of intervention has accomplished is extend Phase 2. Central bank and state manipulation distorted the symmetry of housing's decline, but did they stave off Phase 3 permanently? If bubbles eventually revert to their starting level, Phase 3--capitulation and a return to pre-bubble prices--still lies ahead.

Shorting Stocks On These POMO Days Will Be Hazardous To Your Health Submitted by Tyler Durden on 04/30/2013 - Previously, when previewing the next month's POMO days, we cautioned readers by saying that "Shorting Stocks On These POMO Days May Be Hazardous To Your Health." Courtesy of the BOJ ludicrous speed launch of its own version of POMO, which sees the combined global central bank authority raising the amount of monthly incremental liquidity to $160 billion, we are upgrading the cautionary language from "may" to "will."

Tuesday Humor: GM Announces It Is Losing Money On Every Volt Sold, Will Make Up For It With More Losses Submitted by Tyler Durden on 04/30/2013 - In what should not come as a major surprise to anyone, GM just announced that: GM SAYS LOSING MONEY ON EVERY VOLT SOLD There is good news: being implicitly funded by the US taxpayer means never admitting failure. In fact, the faster one fails, the faster one gets bailed out. GM SAYS NOT GIVING UP ON VOLT And when failure is not an option, the only other option is even greater failure. And even bigger losses. GM SAYS NEXT GEN VOLT WILL BE $7,000 TO $10,000 CHEAPER Slowly but surely everyone is figuring out that in the USSA, where making a profit is becoming increasingly impossible, the only credible business model is that of Amazon: lose lots of money but make up for it in volume.

Frontrunning: April 30

Submitted by Tyler Durden on 04/30/2013

Euro-Area Unemployment Increases to Record 12.1% Amid Recession (BBG)

Fed faces calls for radical reform (FT) - Has Jamie Dimon approved of this message? No? Carry on then

CEO Pay 1,795-to-1 Multiple of Wages Skirts U.S. Law (BBG)

Ex-UBS Executive Convicted of Paid Sex With Underage Girl (BBG)

Six months after Sandy, New York fuel supply chain still vulnerable (Reuters)

Older, richer shoppers lead Japan’s surge in consumer spending (FT)

Sharp euro zone inflation fall, joblessness point to ECB rate cut (G&M)

Gold Rush From Dubai to Turkey Saps Supply as Premiums Jump (BBG)

Japan Industrial Output, Retail Sales Disappoint (MW)

Gunmen surround Libyan justice ministry (Reuters)

Insider-Trading Probe Trains Lens on Boards (WSJ)

Best Buy exits Europe (WSJ)

Banker Roommates Follow Zuckerberg Not Blankfein With IvyConnect (BBG)

Another Month Of Record European Unemployment And Dropping Inflation Sets Up An ECB Rate Cut Submitted by Tyler Durden on 04/30/2013 - The weakness in economic data (not to be confused with the centrally-planned anachronism known as the "markets") started overnight when despite a surge in Japanese consumer spending (up 5.2% on expectations of 1.6%, the most in nine years) by those with access to the stock market and mostly of the "richer" variety, did not quite jive with a miss in retail sales, which actually missed estimates of dropping "only" -0.8%, instead declining -1.4%. As the FT reported what we said five months ago, "Four-fifths of Japanese households have never held any securities, and 88 per cent have never invested in a mutual fund, according to a survey last year by the Japan Securities Dealers Association." In other words any transient strength will be on the back of the Japanese "1%" - those where the "wealth effect" has had an impact and whose stock gains have offset the impact of non-core inflation. In other words, once the Yen's impact on the Nikkei225 tapers off (which means the USDJPY stops soaring), that will be it for even the transitory effects of Abenomics. Confirming this was Japanese Industrial production which also missed, rising by only 0.2%, on expectations of a 0.4% increase. But the biggest news of the night was European inflation data: the April Eurozone CPI reading at 1.2% on expectations of a 1.6% number, and down from 1.7%, which has now pretty much convinced all the analysts that a 25 bps cut in the ECB refi rate, if not deposit, is now merely a formality and will be announced following a unanimous decision.

RANsquawk EU Market Re-Cap - 30th April 2013 Submitted by RANSquawk Video on 04/30/2013

Presenting: The Housing Bubble 2.0 Submitted by Tyler Durden on 04/29/2013 - It was just seven short years ago that the prices at the epicenter of the housing bubble, Los Angeles, CA rose by 50% every six months as the nation experienced its first parabolic move higher in home prices courtesy of Alan Greenspan's disastrous policies: a time when everyone knew intuitively the housing market was in an epic bubble, yet which nobody wanted to pop because there was just too much fun to be had chasing the bouncing ball, not to mention money. Well, courtesy of the real-time real estate pricing trackers at Altos Research, we now know that the very worst of the housing bubble is not only back, but it is at levels not seen since the days when a house in the Inland Empire was only a faint glimmer of the prototype for BitCoin.

‘There will be more wealth confiscation, without a doubt’

Telegraph | Savers and investors face further “wealth confiscation” in Europe as continent struggles to resolve single currency’s problems, bank chief states.

No Bank Deposits Will Be Spared from Confiscation

Matthias Chang | Eric Holder is right when he said that bankers cannot be prosecuted for the losses suffered by the bank.

A FeW BuNGaS MoRe Posted by: williambanzai7 Post date: 04/27/2013 - The Good, The Bunga and The Ugly... http://albertpeia.com/goodbadugly.htm

A BaSeMeNT, a BuLL HoRN and a JuNK ASS... Posted by: williambanzai7 Post date: 04/29/2013 - More from Dr Krugman... http://albertpeia.com/junkasses.htm

20 Signs That The Next Great Economic Depression Has Already Started In Europe

http://albertpeia.com/greatdepressionhasbegun.htm

The Jay-Z Illuminati Conspiracy: Are Beyonce And Jay-Z Seducing Our Kids Into The Occult?

http://endoftheamericandream.com

http://albertpeia.com/illuminaticonspiracy.htm

{ Come on! Niggers are total b***s***! But they like you to think they’re part of ‘something other/more’ than their pathetic reality. They’re as much so-called ‘illuminati’ as those somalian pirates. As far as the list of CFR members, what a bunch of f***ups … after all, look at the disastrous state of the world … oh yeah, there’s a new world order, supplanting the old new world order, largely owing to the f***ups f***ing up … some call that history … rather pathetic at that … yet, what can you expect … { 30 Population Control Quotes That Show That The Elite Truly Believe That Humans Are A Plague Upon The Earth http://albertpeia.com/humanplagueonearth.htm , http://albertpeia.com/45signsamericatinyelitemajoritypoor.htm , Corporatism: A System Of Control Designed By The Monopoly Men Of The Global Elite http://albertpeia.com/corporatistcontrol.htm , 29 Signs That The Elite Are Transforming Society Into A Total Domination Control Grid http://albertpeia.com/dominationcontrolgrid.htm { First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently, primitive apes. See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. } [ 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said: The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing
http://albertpeia.com/planetalreadyruined.htm ] The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

DeMiSe OF THe GReaT CHaiRSaTaN? http://albertpeia.com/demiseofbenchairsatan.htm

Albert Edwards' Bleak Crystal Ball Reveals Gold Above $10,000; S&P At 450 ; And Sub-1% Bond Yields Submitted by Tyler Durden on 04/25/2013 - "The late Margaret Thatcher had a strong view about consensus. She called it: “The process of abandoning all beliefs, principles, values, and policies in search of something in which no one believes, but to which no one objects.” The same applies to most market forecasts. With some rare exceptions (like our commodity analysts? recent prescient call for a slump in the gold price), analysts don?t like to stand out from the crowd. It is dangerous and career-challenging. In that vein, we repeat our key forecasts of the S&P Composite to bottom around 450, accompanied by sub-1% US 10y yields and gold above $10,000."

JPMorgan's Eligible Gold Plummets 65% In 24 Hours To All Time Low Submitted by Tyler Durden Just What Is Going On With The Gold In JPMorgan's Vault? A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... The unraveling of the Ponzi Burrito begins.. http://albertpeia.com/germangoldgone.htm

America The Fallen: 24 Signs That Our Once Proud Cities Are Turning Into Poverty-Stricken Hellholes

http://albertpeia.com/americanhellholes.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

IN CaSe You ARe WoNDeRiNG WHaT JuST HaPPeNeD AT AP... Posted by : williambanzai7 Post date: 04/23/2013 - A Banzai7 exclusive... http://albertpeia.com/hackflashcrash.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

Mourn For America: Whenever A Tragedy Happens They Take Even More Freedom From Us

http://albertpeia.com/mournforamerica.htm

TWo KiNDS OF TeRRoRiSTS... http://albertpeia.com/2kindsofterrorists.htm

EVoLuTioN oF A EURO SWiNe... http://albertpeia.com/euroswine.htm

17 Unanswered Questions About The Boston Marathon Bombing The Media Is Afraid To Ask

http://albertpeia.com/17unansweredquestionsmediaafraidtoask.htm

MeSSaGe To Mr KRuGMaN... http://albertpeia.com/feddykrugerands.htm

History Tells Us That A Gold Crash + An Oil Crash = Guaranteed Recession

http://albertpeia.com/goldcrashplusoilcrashequalsrecession.htm

Suspicious Photo of Gold-Bomber ben… by williambanzai7The Limerick King http://albertpeia.com/suspicioushelicopterbenphoto.htm

…The Takedown Of Gold A Sign That The Entire Global Financial System Is About To Crash … ?

http://albertpeia.com/globalfinancialsystemcrash.htm

‘…So who is behind all of this orchestration?  Well, according to Dr. Paul Craig Roberts, it is actually the Federal Reserve... The Federal Reserve began its April Fool’s assault on gold by sending the word to brokerage houses, which quickly went out to clients, that hedge funds and other large investors were going to unload their gold positions and that clients should get out of the precious metal market prior to these sales. As this inside information was the government’s own strategy, individuals cannot be prosecuted for acting on it. By this operation, the Federal Reserve, a totally corrupt entity, was able to combine individual flight with institutional flight. Bullion prices took a big hit, and bullishness departed from the gold and silver markets. The flow of dollars into bullion, which threatened to become a torrent, was stopped. In fact, Dr. Roberts says that former Goldman Sachs trader Andrew Maguire is reporting that the Fed orchestrated the dumping of 500 tons of naked gold shorts into the market on Friday... According to Andrew Maguire, on Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale. If he doesn’t have the item, he borrows it from someone who does, putting up cash collateral equal to the current market price. Then he sells the item, waits for it to fall in price, buys it back at the lower price and returns it to the owner who returns his collateral. If enough shorts are sold, the result can be to drive down the market price. As Dr. Roberts noted, this represents an absolutely massive amount of gold... Consider the 500 tons of paper gold sold on Friday. Begin with the question, how many ounces is 500 tons? There are 2,000 pounds to one ton. 500 tons equal 1,000,000 pounds. There are 16 ounces to one pound, which comes to 16 million ounces of short sales on Friday. Who has 16 million ounces of gold? At the beginning gold price that day of about $1,550, that comes to $24,800,000,000. Who has that kind of money? … A WHOLE LOT OF PEOPLE NEED TO BE CRIMINALLY INVESTIGATED. Meanwhile, many are considering this takedown of gold to be an ominous sign that another major financial crisis may be heading our way. Just remember what happened back in 2008.  As Zero Hedge noted on Monday, the price of gold suddenly plunged 21 percent in July 2008.  That was just a couple of months before the U.S. stock market crashed in the fall...’

El-Erian's Summary: "Virtually Every Market Is Trading At Very Artificial Levels"Submitted by Tyler Durden on 04/16/2013 - "In order for central banks to achieve their ultimate economic objective - which is growth and jobs - they have to push investors into taking more risk than is justified," is the somewhat chilling warning that PIMCO's Mohamed El-Erian gives in this excellent interview with the WSJ. "Central banks are operating through the wealth effect and animal spirits," El-Erian says peeling back the truth onion, as they prop up asset prices to "artificial levels, in virtually every market." Worries over the central bankers of the world withdrawing easy money policies too early are "unwarranted," he notes, adding that he suspects, "they will most likely stay too long and they will consciously make that mistake." Critically, though, he sends a message that appears to fit with many of our recent discussions (most recently here) that "if these levels aren’t validated by the fundamentals, then investors will get hurt."

MarketWatch Paul B. Farrell America needs a new war Commentary: Any one of these 10 flash points could trigger it, saving capitalism from itself. { I’m really disappointed by this article and will no longer follow or post links to farrell’s articles. Even if in jest, an exercise in sarcasm, or sophistry at its worst, such position is so absolutely uncivilized and in such poor taste and without any intellectual foundation that I must wonder how MarketWatch hasn’t really ‘watched’. I want to know what wars farrell’s fought in, or how many of his own children have died in same. I’m staunchly against communism which I’ve made no secret; but if farrell’s specious reasoning was correct (it’s not, economically and otherwise, but quite Orwellian), I honestly would then say, ‘Let capitalism die’! }

HeaDS I WiN... by: williambanzai7 http://albertpeia.com/headsiwin.htm

QE TiTaNiC 2013... by: williambanzai7 http://albertpeia.com/benusstitanicqeedkoed.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

4-29-13

A FeW BuNGaS MoRe Posted by: williambanzai7 Post date: 04/27/2013 - The Good, The Bunga and The Ugly... http://albertpeia.com/goodbadugly.htm

A BaSeMeNT, a BuLL HoRN and a JuNK ASS... Posted by: williambanzai7 Post date: 04/29/2013 - More from Dr Krugman... http://albertpeia.com/junkasses.htm

These Three Economic Bellwethers Indicate Danger Lies Ahead! Posted by: Phoenix Capital... Post date: 04/29/2013 -  We’ve seen this kind of divergence between stocks and the economy before in 2008. We all know how that ended.  

The More Illegal Immigrants That Go On Food Stamps The More Money JP Morgan Makes

http://theeconomiccollapseblog.com

http://albertpeia.com/usfoodstampstrategy.htm

20 Signs That The Next Great Economic Depression Has Already Started In Europe

http://theeconomiccollapseblog.com

http://albertpeia.com/greatdepressionhasbegun.htm

The Jay-Z Illuminati Conspiracy: Are Beyonce And Jay-Z Seducing Our Kids Into The Occult?

http://endoftheamericandream.com

http://albertpeia.com/illuminaticonspiracy.htm

{ Come on! Niggers are total b***s***! But they like you to think they’re part of ‘something other/more’ than their pathetic reality. They’re as much so-called ‘illuminati’ as those somalian pirates. As far as the list of CFR members, what a bunch of f***ups … after all, look at the disastrous state of the world … oh yeah, there’s a new world order, supplanting the old new world order, largely owing to the f***ups f***ing up … some call that history … rather pathetic at that … yet, what can you expect … { 30 Population Control Quotes That Show That The Elite Truly Believe That Humans Are A Plague Upon The Earth http://albertpeia.com/humanplagueonearth.htm , http://albertpeia.com/45signsamericatinyelitemajoritypoor.htm , Corporatism: A System Of Control Designed By The Monopoly Men Of The Global Elite http://albertpeia.com/corporatistcontrol.htm , 29 Signs That The Elite Are Transforming Society Into A Total Domination Control Grid http://albertpeia.com/dominationcontrolgrid.htm { First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently, primitive apes. See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. } [ 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said: The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing
http://albertpeia.com/planetalreadyruined.htm ] The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

FBI Report Implicates Saudi Government in 9/11 Posted by : George Washington Post date: 04/29/2013 - But "We Can’t Afford to Irritate the Saudis" By Actually Looking Into Who Backed 9/11 ...  "Especially with Oil Prices Going Up Now"

At $72.8 Trillion, Presenting The Bank With The Biggest Derivative Exposure In The World (Hint: Not JPMorgan) Submitted by Tyler Durden on 04/29/2013 - Think JPMorgan's $69.5 trillion in total notional derivative exposure is big to quite big? You ain't seen nothing yet...

The End Of 'Orderly And Fair Markets' Submitted by Tyler Durden on 04/29/2013 - Capitalism may have bested communism a few decades ago, but exactly how our economic system allocates society’s scarce resources is now undergoing its first serious transformation since the NYSE’s founding fathers met under the buttonwood tree in 1792.  Technology, complexity and speed have already transformed how stocks trade; but As ConvergEx's Nick Colas notes, the real question now is what role these forces will play in long-term capital formation and allocation.  Rookie mistakes like the Twitter hack flash crash might be easy to deride, but make no mistake, Colas reminds us: the changes that started with high frequency and algorithmic trading are just the first step to an entirely different process of determining stock prices.  The only serious challenge this metamorphosis will likely face is a notable crash of the still-developing system and resultant regulation back to more strictly human-based processes.

The Spot Price of Precious Metals Is Becoming Irrelevant Submitted by Tyler Durden on 04/29/2013 - In light of the recent violent down-and-up action in the precious metals, the Hard Assets Alliance (HAA) see three effects in the fallout. For starters, demand is off the charts: "We had four to five times as many buy orders and sell orders, both in number of trades and in volume. Far more significant buying than selling, and it’s continued throughout the week." Second, the demand we're seeing is from existing customers who are returning to buy in bigger volume as they see the precious metals as being "on sale" right now. Third, the surge in physical buying combined with tightening supply is resulting in the premium paid over spot price for physical bullion to march upwards quickly. For all of recent memory, the price of precious metals has been determined in the paper marketplace (e.g., COMEX; LBMA). That may now be changing. Should the availability of physical bullion start setting the price action, the spot price quoted in the paper market for gold or silver will become an anachronistic irrelevance.

JPM Reclassifies Another 4.7K Ounces Of Gold Into Eligible Submitted by Tyler Durden on 04/29/2013 - It's that time again when we cautiously peek at cell H25 of the daily CME Group Metal Depository Statistics worksheet to find if, following Friday's dramatic and volatile trading session in gold, someone, anyone decided to submit a delivery ticket to the JPM vault located at 1 Chase Manhattan Plaza, and reduce the already near record low gold inventory which at last check was just over 5 tons, and just one 163K troy ounce delivery request would lead to all commercial gold at the JPM vault to run down to zero. Not this time. As it turns, in a carbon copy of Friday's internal conversion, in which 17.5k ounces of gold were selectively converted from Registered to Eligible status (for all those sticklers about nomenclature definition, this is how easy it is to convert one into the other and vice versa and how meaningless said designations really are), on Friday JPM decided to do some more redefinition, and converted another 4.7k ounces of gold from registered into eligible, pushing up the total by a fractional amount to 163.8k ounces, still just a hair's breath away from the all time record low reported last Thursday.

Iceland Just Says "Nei" To Pro-European Party Submitted by Tyler Durden on 04/29/2013 - During the crisis Iceland was held up as one of the best examples of what was so wrong with the bubble that was created and sold to any and all. The party in power during this debacle was summarily dismissed by the people. However, a mere few years later, and given the apparent abhorrence with all things European, the Icelandic people have just ousted the incumbent pro-Europe party in favor of the Independence and Progressive parties that governed during the crisis. As the WSJ reports, the Social Democratic Alliance, which had overseen economic recovery and pushed for European Union membership, saw support tumble as the electorate's concern about personal finances overshadowed the ruling coalition's ability to stabilize the economy. Couple this with the promises of the two parties to cut taxes and the sweell of nationalist sentiment and the Social Democrats were summarily crushed. The leader of the Progressive party perhaps summed up the poeple's views best: "deeper integration with a Europe in "historic decline" isn't necessarily the best for Iceland," and that "economic crisis in Iceland and Europe has taught us the importance of being able to control your own destiny." Of course, as with any election, lots of promises are made; "they have really been promising the moon, people might get dissatisfied when they see that not everything can be realized."

Deutsche Bank Releases Q1 Earnings Early Submitted by Tyler Durden on 04/29/2013 - Moments after reporting its surprising 10% equity dilution, DB proceeds to release it Q1 earnings early. Some of the highlights:Revenue €9.4 bn, Est. €9.23 bn, up €197MM Y/Y Non-Interest expenses €6.6Bn, down 5% Y/Y Net Income €1.661 billion, up €253MM Y/Y Diluted earnings per share €1.71 Provision for credit losses at €354MM, up €40 MM from prior year, but down €79MM from Q4. Sales and Trading(debt and other products) down €438MM, or -14% Y/Y Origination and Advisory net revenues increased by EUR 38 million, or 6%, compared to the first quarter 2012

Deutsche Bank To Sell Up To 90 Million Shares, Will Raise €2.8 Billion In New Capital Submitted by Tyler Durden on 04/29/2013 - And just like that, European banks are back in capital raising mode, starting with what is perceived by some as Europe's strongest bank (alternatively, the most undercapitalized): Deutsche Bank, which at least check had a Core Tier 1 cap ratio somewhere south of 2%. *DEUTSCHE BANK TO SELL UP TO 90 MLN NEW SHARES TO RAISE EU2.8B *DEUTSCHE BANK SAYS NO PUBLIC OFFERING PLANNED  *DEUTSCHE BANK SHRS WILL BE PLACED VIA ACCELERATED BOOKBUILD Since this is about 10% of the company's total float, the stock is not happy.  The question why DB announced this just ahead of its earnings release should certainly make one ask just how well capitalized Europe (where every bank purports to having a fortress Basel III balance sheet) truly is?

Jim O'Neill's Farewell Letter Submitted by Tyler Durden on 04/29/2013 - Over the years, Jim O'Neill, former Chairman of GSAM, rose to fame for pegging the BRIC acronym (no such luck for the guy who came up with the far more applicable and accurate PIIGS, or STUPIDS, monikers, but that's neither here nor there). O'Neill was correct in suggesting, about a decade ago, that the rise of the middle class in these countries and their purchasing power would prove to be a major driving force in the world economy. O'Neill was wrong in his conclusion as to what the ultimate driver of said purchasing power would be: as it has become all too clear with the entire world drowning in debt (and recently China), it was pure and simply debt. O'Neill was horribly wrong after the Great Financial Crisis when he suggested that it would be the BRIC nation that would push the world out of depression. To the contrary, not only is the world not out of depression as the fourth consecutive year of deteriorating economic data confirms (long since disconnected with the actual capital markets), but it is the wanton money (and bad debt) creation by the central banks of the developed world (as every instance of easing by China has led to an immediate surge of inflation in the domestic market) that has so far allowed the day of reckoning, and waterfall debt liquidations, to take place (and certainly don't look at the stock index performance of China, Brazil, India or Russia). Despite his errors, he has been a good chap having taken much of the abuse piled upon him here at Zero Hedge somewhat stoically, as well as a fervent ManU supporter, certainly at least somewhat of a redeeming quality. Attached please find his final, farewell letter as Chairman of the Goldman Asset Management division, as he moves on to less tentacular pastures.

Wall Street Is A Rentier Rip-Off: Index Funds Beat 99.6% Of Managers Over Ten Years Submitted by Tyler Durden on 04/29/2013 - It may seem uncharitable to note that only 0.4% - that's 4/10th of 1% - of mutual fund managers outperform a plain-vanilla S&P 500 index fund over 10 years, but that is being generous: by other measures, it's an infinitesimal 1/10th of 1%. So what do we get for investing our capital in mutual funds and hedge funds? The warm and fuzzy feeling that we've contributed the liquidity needed to grease a monumental skimming operation. Ten out of 10,000 is simply signal noise; in effect, nobody beats an index fund. The entire financial management industry is a rentier arrangement: they skim immense profits and return no productive yield at all.

This Is What Passes For A Good Earnings Season In The "New Normal" Submitted by Tyler Durden on 04/29/2013 - "With earnings reports in from more than half the companies in the Standard & Poor's 500-stock index, first-quarter revenue for the group is expected to shrink 0.3% from a year earlier, according to Thomson Reuters. That would cut short the sales improvement reported at the end of last year and mark the third quarter out of the past four in which revenues have failed to grow by 1% or more. The sales figures are a troubling sign that business and consumer demand remain weak nearly four years after the recession. They are also evidence that a soft patch is developing in the U.S. economy, as optimism earlier in the year gives way to more sobering data on growth in gross domestic product, retail sales and manufacturing. In response, many companies are cutting jobs and curbing investments in an effort to prop up profits, moves that could make it harder for demand to recover."

Dallas Fed Implodes: Biggest Drop And Miss On Record Send Market To Intraday Highs Submitted by Tyler Durden on 04/29/2013 - If this doesn't send the S&P to new all time highs nothing will. Moments ago the Dallas Fed reported its April General Business Activity report and in short it was the biggest miss to expectations on record, plummeting from 7.4 to -15.6, on expectations of a 5.0 print and the lowest since July 2012. It was also the biggest one month drop on record. Since all of this will be attributed to balmy spring weather in New Zealand, extra rainfall in the Russian Steppes, the US sequester, evil European fauxterity, Cyprus deposit confiscation, and of course, Bush, there is no point in commenting on this disaster at all. And why comment: judging by the market's response which is now at the day's highs, it is not as if anyone even pretends any data matters. The only hope now for those expecting a 20,000 on the DJIA is that the ISM due out soon, will print at 0 and everything will be permanently fixed. In other news the daily prayer to praise St. Bernanke begins at 11 am when POMO ends. Please orient yourself to face the Marriner Eccles building when bowing down.

And The Squeeeze Goes On... Submitted by Tyler Durden on 04/29/2013 - In the last five days, the 'most-shorted' names in the Russell 2000 index have surged over 7.3% from their lows. During the same period, the index itself has managed a still-impressive 2.4% gain. The epic triple-beta dash-for-trash continues to rage and tear the faces off every short who dare use reasonable valuation (macro- and micro-) perspectives to make investment decisions. When will it end?

Confused By What Is Going On At JCP? Here's The Pro Forma Cap Table And The Cliff Notes Submitted by Tyler Durden on 04/29/2013 - Ever since JCP entered the death watch with its absolutely abysmal 2012 year end results which saw the firm report something like negative $1.5 billion in Free Cash Flow (frankly we stopped counting there), and just ahead of the heavy inventory rebuild season so just as net working capital would demand another billion or so in cash, much has happened at the company.

Italy: "An Orgy Worthy Of Bunga Bunga" Submitted by Tyler Durden on 04/29/2013 - All of the EU “hails, welcomes and applauds” the new Italian government. Mr. Grillo thinks that the new government will last but a few scant months as Europe breathes a sigh of relief that the 5 Star Party is not in control. Far better to deal with the devils that you know rather than new ones that may be far worse. Beyond the politics of the moment Italy is besieged by a very serious crisis. As the various central banks dump money into the system the yields on Italian sovereign debt have gone down but this does not change the economic difficulties. Italy’s difficult position was enumerated in a Bank of Italy report to parliament last week which said the economy was going through its most acute crisis since World War II. Mr. Grillo’s response to the new government was amusing: “An orgy worthy of bunga bunga.”

Spending On Services Jumps By Most Ever As Incomes Disappoint, Savings Rate Near Five Year Lows Submitted by Tyler Durden on 04/29/2013 - Despite expectations that following several months of subpar income growth offset by rampaging spending and thus a plunging savings rate, March incomes would rise by 0.4%, while spending would be flat, this did not happen, and instead both spending and incomes rose by the same amount, or 0.2% in the past month. Worse, when adjusting for inflation, real disposable income rose just 1.1% compared to last March, and just barely above the 0% breakeven. On the other side, real spending was up 2.2% Y/Y just barely above the 2% recessionary threshold. And even that number is misleading as spending on Total Goods (including durable, already known as being quite abysmal, and non-durable), dropped by $32.8 billion in nominal dollars. What was the offset? Why a massive surge in consumption expenditures on services, which rose by $53.8 billion, which absent the spending aberation for September 11, 2001, which was reversed in the following month, was the biggest monthly increase on record! What drove this record services spending spree is anyone's guess. 

Student Loan Bubble Cracks With Pulled Sallie Mae Bond Deal Submitted by Tyler Durden on 04/29/2013 - In 2007 a small number of French hedge funds imploded over sudden losses stemming from highly leveraged bets made on the unstoppable subprime mortgage market. At the time, a few saw the writing on the wall; but many simply wrote it off as just another over-levered hedge fund and the subprime mortgage market was 'fine'. Fast forward six years and as we have discussed numerous times (most recently here and here) there is a bubble, potentially far bigger than subprime, in student loan debt. As one of the last remaining outlets for state-sanction credit creation, this is a big deal; but, of course, the popping of the bubble (or even a slight leak) is eschewed since there is so much 'reach for yield' and the Fed's got your back. That is until this week. As WSJ reports, Sallie Mae (SLM), the nation's largest non-government student lender just cancelled a $225 million debt offering as investors  decided they simply were not getting paid enough for risk - amid rising student loan defaults. Simply put, there's a limit to what investors will tolerate.

And The Highest Paid College Majors Are... Submitted by Tyler Durden on 04/29/2013 - Presented with little comment but perhaps it is time to rethink that $100,000 loan and the extended MBA program...*Petroleum Engineering: $93,500 *Computer Engineering: $71,700 *8Chemical Engineering: $67,600 *Computer Science: $64,800*Aerospace/Aeronautical/Astronautical Engineering: $64,400 *Mechanical Engineering: $64,000 *Electrical/Electronics and Communications Engineering: $63,400 *Management Information Systems/Business: $63,100 *Engineering Technology: $62,200 *Finance: $57,400

Euro Area Savings Rate Drops To Record Low, Disposable Income Has Biggest Drop Ever Submitted by Tyler Durden on 04/29/2013 - Wait for it... Fauxterity Austerity's fault!

Frontrunning: April 29

Submitted by Tyler Durden on 04/29/2013

Gold Bears Defy Rally as Goldman Closes Short Wager (BBG)

Still stuck on central-bank life support (Reuters)

Ebbing Inflation Means More Easy Money (BBG)

So much for socialist wealth redistribution then? François Hollande to woo French business with tax cut (FT)

Billionaires Flee Havens as Trillions Pursued Offshore (BBG)

Companies Feel Pinch on Sales in Europe (WSJ)

Brussels plan will ‘kill off’ money funds (FT)

Danes as Most-Indebted in World Resist Credit (BBG)

Syria says prime minister survives Damascus bomb attack (Reuters)

Syria: Al-Qaeda's battle for control of Assad's chemical weapons plant (Telegraph)

Nokia Betting on $20 Handset as It Loses Ground on IPhone (BBG)

Rapid rise of chat apps slims texting cash cow for mobile groups (FT)

Calgary bitcoin exchange fighting bank backlash in Canada (Calgary Herald)

DeMiSe OF THe GReaT CHaiRSaTaN? http://albertpeia.com/demiseofbenchairsatan.htm

Albert Edwards' Bleak Crystal Ball Reveals Gold Above $10,000; S&P At 450 ; And Sub-1% Bond Yields Submitted by Tyler Durden on 04/25/2013 - "The late Margaret Thatcher had a strong view about consensus. She called it: “The process of abandoning all beliefs, principles, values, and policies in search of something in which no one believes, but to which no one objects.” The same applies to most market forecasts. With some rare exceptions (like our commodity analysts? recent prescient call for a slump in the gold price), analysts don?t like to stand out from the crowd. It is dangerous and career-challenging. In that vein, we repeat our key forecasts of the S&P Composite to bottom around 450, accompanied by sub-1% US 10y yields and gold above $10,000."

JPMorgan's Eligible Gold Plummets 65% In 24 Hours To All Time Low Submitted by Tyler Durden Just What Is Going On With The Gold In JPMorgan's Vault? A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... The unraveling of the Ponzi Burrito begins.. http://albertpeia.com/germangoldgone.htm

America The Fallen: 24 Signs That Our Once Proud Cities Are Turning Into Poverty-Stricken Hellholes

http://albertpeia.com/americanhellholes.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

IN CaSe You ARe WoNDeRiNG WHaT JuST HaPPeNeD AT AP... Posted by : williambanzai7 Post date: 04/23/2013 - A Banzai7 exclusive... http://albertpeia.com/hackflashcrash.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

Mourn For America: Whenever A Tragedy Happens They Take Even More Freedom From Us

http://albertpeia.com/mournforamerica.htm

TWo KiNDS OF TeRRoRiSTS... http://albertpeia.com/2kindsofterrorists.htm

EVoLuTioN oF A EURO SWiNe... http://albertpeia.com/euroswine.htm

17 Unanswered Questions About The Boston Marathon Bombing The Media Is Afraid To Ask

http://albertpeia.com/17unansweredquestionsmediaafraidtoask.htm

MeSSaGe To Mr KRuGMaN... http://albertpeia.com/feddykrugerands.htm

History Tells Us That A Gold Crash + An Oil Crash = Guaranteed Recession

http://albertpeia.com/goldcrashplusoilcrashequalsrecession.htm

Suspicious Photo of Gold-Bomber ben… by williambanzai7The Limerick King http://albertpeia.com/suspicioushelicopterbenphoto.htm

…The Takedown Of Gold A Sign That The Entire Global Financial System Is About To Crash … ?

http://albertpeia.com/globalfinancialsystemcrash.htm

‘…So who is behind all of this orchestration?  Well, according to Dr. Paul Craig Roberts, it is actually the Federal Reserve... The Federal Reserve began its April Fool’s assault on gold by sending the word to brokerage houses, which quickly went out to clients, that hedge funds and other large investors were going to unload their gold positions and that clients should get out of the precious metal market prior to these sales. As this inside information was the government’s own strategy, individuals cannot be prosecuted for acting on it. By this operation, the Federal Reserve, a totally corrupt entity, was able to combine individual flight with institutional flight. Bullion prices took a big hit, and bullishness departed from the gold and silver markets. The flow of dollars into bullion, which threatened to become a torrent, was stopped. In fact, Dr. Roberts says that former Goldman Sachs trader Andrew Maguire is reporting that the Fed orchestrated the dumping of 500 tons of naked gold shorts into the market on Friday... According to Andrew Maguire, on Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale. If he doesn’t have the item, he borrows it from someone who does, putting up cash collateral equal to the current market price. Then he sells the item, waits for it to fall in price, buys it back at the lower price and returns it to the owner who returns his collateral. If enough shorts are sold, the result can be to drive down the market price. As Dr. Roberts noted, this represents an absolutely massive amount of gold... Consider the 500 tons of paper gold sold on Friday. Begin with the question, how many ounces is 500 tons? There are 2,000 pounds to one ton. 500 tons equal 1,000,000 pounds. There are 16 ounces to one pound, which comes to 16 million ounces of short sales on Friday. Who has 16 million ounces of gold? At the beginning gold price that day of about $1,550, that comes to $24,800,000,000. Who has that kind of money? … A WHOLE LOT OF PEOPLE NEED TO BE CRIMINALLY INVESTIGATED. Meanwhile, many are considering this takedown of gold to be an ominous sign that another major financial crisis may be heading our way. Just remember what happened back in 2008.  As Zero Hedge noted on Monday, the price of gold suddenly plunged 21 percent in July 2008.  That was just a couple of months before the U.S. stock market crashed in the fall...’

El-Erian's Summary: "Virtually Every Market Is Trading At Very Artificial Levels"Submitted by Tyler Durden on 04/16/2013 - "In order for central banks to achieve their ultimate economic objective - which is growth and jobs - they have to push investors into taking more risk than is justified," is the somewhat chilling warning that PIMCO's Mohamed El-Erian gives in this excellent interview with the WSJ. "Central banks are operating through the wealth effect and animal spirits," El-Erian says peeling back the truth onion, as they prop up asset prices to "artificial levels, in virtually every market." Worries over the central bankers of the world withdrawing easy money policies too early are "unwarranted," he notes, adding that he suspects, "they will most likely stay too long and they will consciously make that mistake." Critically, though, he sends a message that appears to fit with many of our recent discussions (most recently here) that "if these levels aren’t validated by the fundamentals, then investors will get hurt."

MarketWatch Paul B. Farrell America needs a new war Commentary: Any one of these 10 flash points could trigger it, saving capitalism from itself. { I’m really disappointed by this article and will no longer follow or post links to farrell’s articles. Even if in jest, an exercise in sarcasm, or sophistry at its worst, such position is so absolutely uncivilized and in such poor taste and without any intellectual foundation that I must wonder how MarketWatch hasn’t really ‘watched’. I want to know what wars farrell’s fought in, or how many of his own children have died in same. I’m staunchly against communism which I’ve made no secret; but if farrell’s specious reasoning was correct (it’s not, economically and otherwise, but quite Orwellian), I honestly would then say, ‘Let capitalism die’! }

HeaDS I WiN... by: williambanzai7 http://albertpeia.com/headsiwin.htm

QE TiTaNiC 2013... by: williambanzai7 http://albertpeia.com/benusstitanicqeedkoed.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

4-26-13

COMEX GOLD 419... Posted by : williambanzai7 Post date: 04/26/2013 - Precious paper... http://albertpeia.com/golddiggers.htm

Everyone's Missing the Bigger Picture in the Reinhart-Rogoff Debate Posted by: George Washington Post date: 04/26/2013 - The "Excel Spreadsheet Error" In Context

"The Illuminati Were Amateurs" - Matt Taibbi Explains How "Everything Is Rigged" Submitted by Tyler Durden on 04/26/2013 - The Illuminati were amateurs. The second huge financial scandal of the year reveals the real international conspiracy: There's no price the big banks can't fix. Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game. We found this out in recent months, when a series of related corruption stories spilled out of the financial sector, suggesting the world's largest banks may be fixing the prices of, well, just about everything.

JPMorgan Accounts For 99.3% Of The COMEX Gold Sales In The Last Three Months Submitted by Tyler Durden on 04/26/2013 - When just one firm accounts for 99.3% of the physical gold sales at the COMEX in the last three months it’s not what most of us on this side of the rainbow would consider “broad-based” selling.  Of course discovering this kind of relevant information requires an internet connection, 2nd grade math and reading skills, and the desire to do a teeny-weeny bit of reporting.  Sadly they’ve wandered so far down the rabbit hole that the concept of “physical demand” (i.e. people actually wanting to take possession of the stuff) is puzzling to them because the vast majority of the world’s so-called “gold-trading” takes place in the realm of make believe (which is their natural habitat).  It’s all fun and games until somebody loses their metal and “somebody” has lost one hell of a lot of metal in the last 90 days... J P Morgan has fumbled ownership of 1,966,000 Troy ounces of gold since February 1.  That’s 74% more gold than the US mint delivered through the US mint’s American Eagle program in all of 2012.  I mention this because there’s little doubt in my mind that the US government is one of JPM’s gold “customers.”  So (if I am correct) the same US government who just let the Morgue dump its gold on the COMEX floor will once again be suspending gold sales to peasants.

Europe In One Chart Submitted by Tyler Durden on 04/26/2013 How much is the 'promise' of a European Central Banker worth? As European macro data in the last month has plunged at its fastest rate in 6 years, equity markets have, of course soared back to near multi-year highs (EuroStoxx 600 up 5% in the last week alone). We only hope that the equity markets really do know something different this time - as opposed to the last two times we saw this kind of disconnect. The answer - Draghi's 'whatever it takes' promise is maintaining a 30% illusion of wealth in European equities over their macro reality.

"If" - Reflections On The Precious Metals Submitted by Tyler Durden on 04/26/2013 - Last week's collapse in precious metals prices reminded Santiago Capital's Brent Johnson of Rudyard Kipling's famous poem 'If' - "If you can keep your head when all those about you are losing theirs." This brief but complete summary of why one should hold gold, the theories about the drop, his view of the manipulation - "would it really surprise anyone?", and the ongoing and increasing realization among the mainstream that a rising gold price is the canary in the coalmine of economic distress and currency debasement is well worth the price of admission. His message is clear, buy physical gold - rather than futures - don't use margin and store it somewhere safe. The last three minutes of "Ifs" are a succinct list of the questions everyone should ask themselves about the status quo.

Guest Post: The Good Guys Are Not Coming To Save Us Submitted by Tyler Durden on 04/26/2013 - A lot of Americans know that the US government is out of control. Anyone who has cared enough to study the US Constitution even a little knows this. Still, very few of these people are taking any significant action, and largely because of one error: They are waiting for “the good guys” to show up and fix things. Some think that certain groups of politicians will pull it together and fix things, or that one magnificent politician will ride in to fix things. Others think that certain members of the military will step in and slap the politicians back into line. And, we're sure there are other variations. There are several problems with this. The sad truth: No one is going to ride in and save you. If you want things to get better, then YOU will have to make them better. YOU will have to stand up and take the arrows, yourself. Liberty, at this stage of human development, requires risk and pain.

JPMorgan Receives No New COMEX Gold Today, Converts Registered Into Eligible Submitted by Tyler Durden on 04/26/2013 - Anyone waiting with bated breath for the moment when cell H25 in the daily Comex gold inventory update (the one showing JPM's total holdings of Eligible gold) shows 0.000 will have to wait at least one more day. According to today's update, as of Thursday (so excluding today's post-Europe close gold shenannigans) JPM's eligible for delivery gold inventory did not receive any new gold, which started the day at yesterday's record low (for the firm) level of 141,581.5 troy ounces, and would have ended flat, had it not been for the reclassification of 17.5k ounces of registered gold into eligible.

The Week That Was: April 22nd-26th 2013 Submitted by Tyler Durden on 04/26/2013 - Succinctly summarizing the positive and negative news, data, and market events of the week...

Bonds Up, Dow Up, JPY Up, Gold Up, Oil Up; Earnings Down, Macro Down Submitted by Tyler Durden on 04/26/2013 - For the fifth week in a row, US Macro data deteriorated markedly (not helped at all by today's GDP miss). The Q1 earnings picture is dismal, with beats far less than average and revenues hugely disappointing. But, in light of all that reality, where-ever you look, screens are green. Despite some softness today (oil, S&P, and Nasdaq down) the week showed impressive gains for equities amid the lowest volume week in three months (mostly driven by the epic short squeeze on Tuesday), modest gains for Treasuries (yields lower by 2-4bps), significant outperformance by precious metals (up over 3-4% on the week - having given some back in a post-Europe smackdown today), and WTI crude up over 5% on the week.  Perhaps the most notable fact about the week (apart from equity's inexorable bid in the face of nothing positive at all) was the surge in JPY. In an Abenomics-shattering print, last night's deflation data helped USDJPY rally its most in 11 months for the week. While all asunder will be celebrating another green week, it is perhaps worth noting that while the Russell gained 1.3% from Monday's close, the 'most-shorted' names of that index more than tripled that performance - gaining 4.4% on the week... squeeeeze.

The Muppet Slaying Continues: TYM3 EditionSubmitted by Tyler Durden on 04/26/2013 - Another day, another muppet-slaying by the true master. Recall Goldman Sachs from April 10: We recommend going short 10-year US Treasuries via June futures (TYM3) at the current level of 132-20 for an initial price target of 130-00 and stops on a close above 134-00. In yields space, the corresponding move is from the current 1.76% to around 2.10%, and stops on a close around 1.60% - corresponding to the lows from last November. Fast forward to today where just out from Bloomberg we read... TY Poised for Highest Close Since Dec. 11 Sorry muppets, you just got slain. Again.

Guest Post: "Peak Rail" – Has The Crude Shipping Train Left The Station? Submitted by Tyler Durden on 04/26/2013 - Some call it the “holy rail.” In Alberta Canada, an estimated 120,000 barrels of oil per day are shipped out by train to the U.S. east coast and Gulf coast region. By the end of the year - when several terminals are completed - that number could reach 200,000 barrels a day. Despite rail costs doubling pipeline tariffs, the logistics have often been worth the time for producers - those that have been able to get a better price railing it past the mid-continent refineries all the way to the US East Coast and Gulf Coast. But just as Canadian rail use is set to soar again, say analysts - rail may no longer be economic. In fact, rail could be a victim of its own success.

Germany's Virtuous Circle Takeover Of Europe Submitted by Tyler Durden on 04/26/2013 - German finance minister Schaeuble just explained, in a seeming effort to assuage rising fears that the one core nation left in Europe will choose the game-theoretically optimal first-defection wins strategy, that "Germany benefits from the Euro more than others." Indeed it does; as German firms are buying up strong competitors, clients or suppliers at a time when those companies are struggling to stay afloat through years of recession in their home markets and as shaky banks restrict access to credit. It appears that the slow-and-steady bloodless invasion of Europe can be summed up by the following virtuous circle of Germany's hidden strategy. Of course, as Schaeuble explained later in his missive, "it is nonsense" that Germany wants a German Europe and that the Euro exchange rates is "Okay" for Germany.

RANsquawk Weekly Wrap - 26th April 2013 Submitted by RANSquawk Video on 04/26/2013

CISPA Is Dead; Internet 'Privacy' Safe Again (For Now) Submitted by Tyler Durden on 04/26/2013 - The controversial cybersecurity bill, known, ever so gently as, the Cyber Information Sharing and Protection Act (CISPA) - since it's for your own good - that passed the House last week looks set to be shelved in the Senate according to representatives. The bill would have allowed the federal government to share classified "cyber threat" information with companies, but it also provided provisions that would have allowed companies to share information about specific users with the government. Privacy advocates also worried, rightly so given previous experience, that the National Security Administration would have gotten involved. As US News reports, Sen. Jay Rockefeller, D-W.V., chairman of the committee, said the passage of CISPA was "important," but said the bill's "privacy protections are insufficient." One of CISPA's staunchest opponents, the ACLU, added, "CISPA is too controversial, it's too expansive, it's just not the same sort of program contemplated by the Senate last year." While this is a short-term victory for everyone who uses the web, the ACLU warns, "we need to be vigilant as the year moves on to make sure that whatever the next product is, it's not CISPA- lite."

Consumer Confidence Drops, Back To April 2012 Levels Submitted by Tyler Durden on 04/26/2013 - The final print for UMich Consumer Confidence beat expectations but that is about the best anyone can hope to glean from it. A slight improvement from the preliminary April data, the current and outlook economic indices both dropped for the first time this year and it has now been four months of no change year-over-year in this important sentiment indicator as today's measure of 'happiness' is exactly the same as that of April 2012. Perhaps US consumer are the most confident because their personal savings are now the lowest they have been in the past five years.

German Poll Shows Merkel Losing Majority Submitted by Tyler Durden on 04/26/2013 - With their economy appearing to slow dramatically, if the PMI and Ifo data is anything to go by, and a nation increasingly disavowed with the European project, it seems the 'people' are not amused. As MNI reports, a poll by Forchungsgruppe shows Merkel's CDU/CSU support fading. Critically, with only 40% backing Merkel, and the 'Merkel bloc' down to only 44%, the opposition and more anti-Europe SPD party gained a point and shifted their 'bloc' vote to 48%. Given that the mainstream parties have excluded a coalition with the Left party, such results would allow only coalitions of Merkel's CDU/CSU with the SPD or the Greens. This raises the question of whether Merkel becomes more hard-nosed in her treatment of European bailouts, cow-towing to her populist needs (especially as Euro membership remains the most popular 'concern' for Germans); or eases the pressure in the hope of a short-term juice of markets believing in joint-debt dreams into the election. We suspect the former, especially given the clear signals from the people as the 'Alternative for Germany' party gathers more headlines - if not representative votes.

The World Reacts To The US GDP Miss (Or Spot The Odd Market Out) Submitted by Tyler Durden on 04/26/2013 - The worst miss for US GDP since September 2011 was greeted by financial markets around the world in a variety of ways. Gold surged; the USD weakened (with JPY surging in an anti-Abe way); and Treasury yields plunged (amid increasing growth concerns. But the one market that anyone in power cares about, the US equity market, did nothing, absolutely nothing. We have two words for what the monetary policy heroine has done to our once useful 'markets', comfortably numb. It seems the bad-is-good, moar-QE trade is on in every asset class except stocks (for now).

Total US Debt To GDP: 105% Submitted by Tyler Durden on 04/26/2013 - Now that we have the first estimate of Q1 GDP growth in both rate of change and absolute current dollar terms ($16,010 billion), we can finally assign the appropriate debt number, which we know on a daily basis and which was $16,771.4 billion as of March 31, to the growth number. The end result: as of March 31, 2013, the US debt/GDP was 104.8%, up from 103% as of December 31, 2012 or a debt growth rate that would make the most insolvent Eurozone nation blush. There was a time when people were concerned about this unsustainable trajectory, but then there was an infamous excel error, and now nobody cares anymore.

Overhyped Q1 GDP Grows By Only 2.5%, Biggest Miss To Expectations Since September 2011 Submitted by Tyler Durden on 04/26/2013 - Less than an hour ago we speculated that "it wouldn't be surprising for GDP to come substantially weaker than expected, only to be revised higher (or lower) subsequently." Sure enough, we have gotten at least the first part right for now, with the advance Q1 GDP number printing a very disappointing 2.5%, on expectations of a 3.0% increase, up from 0.4% in Q4, and the biggest miss since Q3 2011. The reason for the big miss: Inventory and Fixed Investment came well below expectations, comprising 1.03% (of which autos represented 0.24%) and 0.53% of the 2.5% annualized increase GDP. Kiss the great CapEx investment story goodbye.

Les Miserables Submitted by Tyler Durden on 04/26/2013 - It is a convoluted world. The money rolls in from the Fed, the ECB and various European funds where money is pledged by each country and put up by none. Pledges, contingent liabilities, guarantees of bank debt are not counted but have not vanished and show up when the bills are due decreasing the assets of everyone.  The newly printed money must find a home and so supports the sovereign debt yields while costing each European government more in the process. Austerity fails, unemployment rises, economies decline, more taxes are applied and the use of newly printed money is the only thing that separates us from some sort of financial chaos. The differential between the European economies and the European markets increases and the actual losses increase. Print forever. Lies without end. Reality redefined.

Spain Slashes "Growth" Outlook, Projects Higher Deficit, Delays Deficit Reduction Submitted by Tyler Durden on 04/26/2013 - It took about one week from R&R's excel error until the first European country rebelled against "austerity" (which it never implemented in the first place, but that's a different story). Moments ago Spain officially said to hell with Germany's austerity, and announced it would delay achieving Europe's deficit target by two years, pushing it back by 2 years to 2016. Oh, and it slashed growth forecasts confirming what everyone else had known: it's economy is a total disaster, and the country can finally stop pretending there is any hope for "growth" in the near, mid or long-term future. *SPAIN REVISES DOWN 2013 GROWTH FORECAST TO -1.3 PCT OF GDP VS -0.5 PCT PREVIOUSLY *SEES DEFICITS OF 6.3% vs. 4.5% EU 2013 TARGET, 5.5% vs. 2.8% EU 2014, TARGET; 4.1% vs. 1.9% EU 2015 TARGET *SPAIN TO DELAY DEFICIT REDUCTION 2 YEARS AS UNEMPLOYMENT RISES. *SPAIN REVISES DOWN DEFICIT FORECAST TO 6.3 PCT OF GDP IN 2013 *SPAIN DELAYS REACHING EU BUDGET DEFICIT TARGET 2 YEARS TIL 2016 *SPAIN SEES UNEMPLOYMENT AT 27.1% IN 2013, 26.7% IN 2014 Luckily, this is not a surprise: the collapse in the Spanish economy is just as bad as had been expected, so this should be good for 10-20 points this morning in the Stalingrad & Poorski 500 stock index.

Q1 GDP Preview Submitted by Tyler Durden on 04/26/2013 - In just about an hour, the first (of three) Q1 GDP numbers will be released. It is expected to rebound to 3% from 0.4% in Q4. As Goldman explains, the bounce is expected to reflect "a mix of temporary factors -- namely a large inventory boost contributing about 1pp to growth -- and a genuine upside surprise from the strength of consumer spending despite the 2013 tax hikes." However, as we have since seen, the consumer "spending" was largely a seasonal revision of unadjusted data, which hardly was as euphoric, and which has sharply rolled over in Q2, meaning that what consumers add to Q1 GDP will be promptly removed from the second quarter. Furthermore, since there are two more GDP revisions, and since the Fed will likely seek to moderate QE "tapering" expectations, it wouldn't be surprising for GDP to come substantially weaker than expected, only to be revised higher (or lower) subsequently. In either case, for those who still believe macroeconomic fundamental data is relevant (in the New Normal it isn't), here is a quick run through what to expect from GS.

Frontrunning: April 26

Submitted by Tyler Durden on 04/26/2013

Reinhart and Rogoff: Responding to Our Critics (NYT)

Differences with centre-right delay Italy's Letta (Reuters)

Italy's Letta moves forward to shape government (Reuters)

China’s leaders warn on financial risks (FT)

Norway oil fund makes big move from bonds to stocks (FT) - worked wonders for the Bank of Israel

Smuggling milk is the new smuggling heroin in HK: Milk Smugglers Top Heroin Courier Arrests in Hong Kong (BBG)

RenTec's mean reversion models fail on BOJ lunacy: Yen Bets Don't Add Up for a Fund Giant (WSJ)

From 'Fabulous Fab' to Grad Student (WSJ)

BOJ in credibility test as divisions emerge over inflation target (Reuters)

Boston Bombing Suspect Moved from hospital to prison (WSJ)

Provopoulos Says ECB May Never Need to Use Bond-Buying Program (BBG) which is good because, legally, it doesn't exist

Overnight Sentiment Sours As Bank Of Japan Does Just As Expected And Nothing More Submitted by Tyler Durden on 04/26/2013 - While the main, if completely irrelevant, macroeconomic news of the day will be the first estimate of US Q1 GDP due out later today, perhaps the best testament of just how meaningless fundamental data has become was the scheduled BOJ announcement overnight in which Kuroda's merry men simply stated what was expected by everyone: the Japanese central bank merely repeated its pledge to double the monetary base in two years. The lack of any incremental easing, is what pushed both the USDJPY as low as 98.20 overnight (98.60 at last check), over 100 pips from the highs, and has pressured the Nikkei into its first red close in days, and shows just how habituated with the constant cranking up of the liqudity spigot the G-7 market has truly become.

RANsquawk EU Market Re-Cap - 26th April 2013Submitted by RANSquawk Video on 04/26/2013

DeMiSe OF THe GReaT CHaiRSaTaN? http://albertpeia.com/demiseofbenchairsatan.htm

Albert Edwards' Bleak Crystal Ball Reveals Gold Above $10,000; S&P At 450 ; And Sub-1% Bond Yields Submitted by Tyler Durden on 04/25/2013 - "The late Margaret Thatcher had a strong view about consensus. She called it: “The process of abandoning all beliefs, principles, values, and policies in search of something in which no one believes, but to which no one objects.” The same applies to most market forecasts. With some rare exceptions (like our commodity analysts? recent prescient call for a slump in the gold price), analysts don?t like to stand out from the crowd. It is dangerous and career-challenging. In that vein, we repeat our key forecasts of the S&P Composite to bottom around 450, accompanied by sub-1% US 10y yields and gold above $10,000."

JPMorgan's Eligible Gold Plummets 65% In 24 Hours To All Time Low Submitted by Tyler Durden Just What Is Going On With The Gold In JPMorgan's Vault? A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... The unraveling of the Ponzi Burrito begins.. http://albertpeia.com/germangoldgone.htm

America The Fallen: 24 Signs That Our Once Proud Cities Are Turning Into Poverty-Stricken Hellholes

http://albertpeia.com/americanhellholes.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

IN CaSe You ARe WoNDeRiNG WHaT JuST HaPPeNeD AT AP... Posted by : williambanzai7 Post date: 04/23/2013 - A Banzai7 exclusive... http://albertpeia.com/hackflashcrash.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

Mourn For America: Whenever A Tragedy Happens They Take Even More Freedom From Us

http://albertpeia.com/mournforamerica.htm

TWo KiNDS OF TeRRoRiSTS... http://albertpeia.com/2kindsofterrorists.htm

EVoLuTioN oF A EURO SWiNe... http://albertpeia.com/euroswine.htm

17 Unanswered Questions About The Boston Marathon Bombing The Media Is Afraid To Ask

http://albertpeia.com/17unansweredquestionsmediaafraidtoask.htm

MeSSaGe To Mr KRuGMaN... http://albertpeia.com/feddykrugerands.htm

History Tells Us That A Gold Crash + An Oil Crash = Guaranteed Recession

http://albertpeia.com/goldcrashplusoilcrashequalsrecession.htm

Suspicious Photo of Gold-Bomber ben… by williambanzai7The Limerick King http://albertpeia.com/suspicioushelicopterbenphoto.htm

…The Takedown Of Gold A Sign That The Entire Global Financial System Is About To Crash … ?

http://albertpeia.com/globalfinancialsystemcrash.htm

‘…So who is behind all of this orchestration?  Well, according to Dr. Paul Craig Roberts, it is actually the Federal Reserve... The Federal Reserve began its April Fool’s assault on gold by sending the word to brokerage houses, which quickly went out to clients, that hedge funds and other large investors were going to unload their gold positions and that clients should get out of the precious metal market prior to these sales. As this inside information was the government’s own strategy, individuals cannot be prosecuted for acting on it. By this operation, the Federal Reserve, a totally corrupt entity, was able to combine individual flight with institutional flight. Bullion prices took a big hit, and bullishness departed from the gold and silver markets. The flow of dollars into bullion, which threatened to become a torrent, was stopped. In fact, Dr. Roberts says that former Goldman Sachs trader Andrew Maguire is reporting that the Fed orchestrated the dumping of 500 tons of naked gold shorts into the market on Friday... According to Andrew Maguire, on Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale. If he doesn’t have the item, he borrows it from someone who does, putting up cash collateral equal to the current market price. Then he sells the item, waits for it to fall in price, buys it back at the lower price and returns it to the owner who returns his collateral. If enough shorts are sold, the result can be to drive down the market price. As Dr. Roberts noted, this represents an absolutely massive amount of gold... Consider the 500 tons of paper gold sold on Friday. Begin with the question, how many ounces is 500 tons? There are 2,000 pounds to one ton. 500 tons equal 1,000,000 pounds. There are 16 ounces to one pound, which comes to 16 million ounces of short sales on Friday. Who has 16 million ounces of gold? At the beginning gold price that day of about $1,550, that comes to $24,800,000,000. Who has that kind of money? … A WHOLE LOT OF PEOPLE NEED TO BE CRIMINALLY INVESTIGATED. Meanwhile, many are considering this takedown of gold to be an ominous sign that another major financial crisis may be heading our way. Just remember what happened back in 2008.  As Zero Hedge noted on Monday, the price of gold suddenly plunged 21 percent in July 2008.  That was just a couple of months before the U.S. stock market crashed in the fall...’

El-Erian's Summary: "Virtually Every Market Is Trading At Very Artificial Levels"Submitted by Tyler Durden on 04/16/2013 - "In order for central banks to achieve their ultimate economic objective - which is growth and jobs - they have to push investors into taking more risk than is justified," is the somewhat chilling warning that PIMCO's Mohamed El-Erian gives in this excellent interview with the WSJ. "Central banks are operating through the wealth effect and animal spirits," El-Erian says peeling back the truth onion, as they prop up asset prices to "artificial levels, in virtually every market." Worries over the central bankers of the world withdrawing easy money policies too early are "unwarranted," he notes, adding that he suspects, "they will most likely stay too long and they will consciously make that mistake." Critically, though, he sends a message that appears to fit with many of our recent discussions (most recently here) that "if these levels aren’t validated by the fundamentals, then investors will get hurt."

MarketWatch Paul B. Farrell America needs a new war Commentary: Any one of these 10 flash points could trigger it, saving capitalism from itself. { I’m really disappointed by this article and will no longer follow or post links to farrell’s articles. Even if in jest, an exercise in sarcasm, or sophistry at its worst, such position is so absolutely uncivilized and in such poor taste and without any intellectual foundation that I must wonder how MarketWatch hasn’t really ‘watched’. I want to know what wars farrell’s fought in, or how many of his own children have died in same. I’m staunchly against communism which I’ve made no secret; but if farrell’s specious reasoning was correct (it’s not, economically and otherwise, but quite Orwellian), I honestly would then say, ‘Let capitalism die’! }

HeaDS I WiN... by: williambanzai7 http://albertpeia.com/headsiwin.htm

QE TiTaNiC 2013... by: williambanzai7 http://albertpeia.com/benusstitanicqeedkoed.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

4-25-13

UNPRECEDENTED Shortages Of Ammo, Physical Gold And Physical Silver

http://theeconomiccollapseblog.com

http://albertpeia.com/unprecedentedshortages.htm

DeMiSe OF THe GReaT CHaiRSaTaN? Posted by : williambanzai7 Post date: 04/25/2013 - What new Disney attraction could possibly keep the Ring Master from his Annual Jackson Hole Freak Show... http://albertpeia.com/demiseofbenchairsatan.htm

Albert Edwards' Bleak Crystal Ball Reveals Gold Above $10,000; S&P At 450 ; And Sub-1% Bond Yields Submitted by Tyler Durden on 04/25/2013 - "The late Margaret Thatcher had a strong view about consensus. She called it: “The process of abandoning all beliefs, principles, values, and policies in search of something in which no one believes, but to which no one objects.” The same applies to most market forecasts. With some rare exceptions (like our commodity analysts? recent prescient call for a slump in the gold price), analysts don?t like to stand out from the crowd. It is dangerous and career-challenging. In that vein, we repeat our key forecasts of the S&P Composite to bottom around 450, accompanied by sub-1% US 10y yields and gold above $10,000."

Europe's Bank Lending Heralds Downward Spiral Submitted by Tyler Durden on 04/25/2013 - Yesterday’s quarterly bank lending survey capped off a series of indicators with a bleak message for the Eurozone economy. Almost all signs suggest that Europe continues to spiral downwards. The lending survey, compiled by the European Central Bank (ECB), is one of the best leading indicators of all because it tells us about the critical credit link in the economy. In the Eurozone today, tight credit is part of a vicious circle that includes business retrenchment, weakening demand, job cuts and falling incomes. And the scariest thing about the circle is that it feeds on itself – each part reinforces the other parts. It won’t go on forever, but we need to see some improvement in the leading edge of the economy before we can expect it to end. As far as the most telling leading indicators, those that can be directly manipulated through monetary policy are the only ones pointing to a possible end to the vicious circle.  In other words: interest rates and equity markets. Until we signs of strength in at least one or two of the leading indicators discussed below, bet on the recession to continue.

Central Banks Join The Herd, Openly Buying Stocks In Record Amounts Submitted by Tyler Durden on 04/25/2013 - When tin-foil-hat wearing digital dickweed blogs first suggested that Central Banks were actively buying stocks, the mainstream media scoffed at the idiocy and un-independence of such an idea. However, it is clear the central banks themselves are now not only actively buying stocks but are activley encouraging it and propagandizing their efforts to lever this last policy tool left in the toolbox. As Bloomberg reports, 23% of central bankers surveyed said the bank owns shares and plans to buy more. From the Bank of Japan to the Bank of Israel and with the SNB and the Czech National Bank now at over 10% allocation of reserves to stocks, is it any wonder there is an inexorable bid under the 'free' markets. Rick Santelli is rightly concerned that, "there is a danger that everyone is loaded in the same direction," asking what happens if all the Central Bank pump-priming does not work, given these equity valuations, "who gets caught holding the bag? What chairs are left when the music stops?"

Worst Spanish Unemployment Ever Extends Europe's Best Stock Run In 9 Months Submitted by Tyler Durden on 04/25/2013 - The EuroStoxx 600 - one of Europe's broadest equity index - is up almost 5% in the last 5 days, the best such run since July of last year and is trading close to levels not seen since June 2008. Of course it is we hear you scream, Spanish unemployment is worst and getting worster, the core economy (Germany) is fading rapidly, Italian growth forecasts are being slashed, Europe's growth forecasts are being significantly lowered; have no fear Draghi is here (with what? we implore?). While stocks in Europe were off to the races once again, for the second day in a row, Spanish and Italian bond spreads leaked wider (after their record-breaking run recently). EURUSD also took a big stumble today, from around 1.31 to below 1.30 on Goldman's note on ECB's albeit 'cosmetic' rate cut.

Frontrunning: April 25

Submitted by Tyler Durden on 04/25/2013

UK economy shows 0.3% growth (FT)

Texas University Fund Sold $375 Million in Gold Bars (BBG)

Spain Jobless Rate Breaches 27% on Recession Woes (BBG)

Letta calls for easing of austerity policies (FT)

Italy Led by Letta Brings Berlusconi Back as Winner (BBG)

Fed Debate Moves From Tapering to Extending Bond Buying (BBG)

South Korea wants talks with North on shuttered industrial zone (Reuters)

Republicans advance bill to prepare for debt ceiling fight (Reuters)

Republicans claim White House failed to warn on severity of cuts (FT)

Xi meets former US heavyweights (China Daily)

Next BoE chief Carney says clear framework key to policy success (Reuters)

Chinese roll out red carpet for Hollande (FT)

RANsquawk EU Market Re-Cap - 25th April 2013 Submitted by RANSquawk Video on 04/25/2013

Overnight Ramp Driven By Higher EURUSD On Plethora Of Negative European News Submitted by Tyler Durden on 04/25/2013 - A peculiar trading session, in which the usual overnight futures levitation has not been led by the BOJ-inspired USDJPY rise (even as the Nikkei225 rose another 0.6% more than offset by the Shanghai Composite drop of 0.86%), which actually has slid all session briefly dipping under 99 moments ago, but by the EURUSD, which saw a bout of buying around 5 am Eastern, just after news hit that the UK would avoid a triple dip recession with Q1 GDP rising 0.3% versus expectations of a 0.1% rise, up from a -0.3% in Q4 (more in Goldman note below). Since the news that the BOE will likely delay engaging in more QE (just in time for the arrival of Carney) is hardly EUR positive we look at the other news hitting around that time, such as Finland saying that the euro can survive in Cyprus exits the Eurozone, and that Merkel has rejected standardized bank guarantees for the foreseeable future, and we are left scratching our heads what is the reason for the brief burst in the Euro.

JPMorgan's Eligible Gold Plummets 65% In 24 Hours To All Time Low Submitted by Tyler Durden on 04/25/2013 - We are confident that in the aftermath of our article from last night "Just What Is Going On With The Gold In JPMorgan's Vault?" in which we showed the absolute devastation of "eligible" (aka commercial) gold warehoused in JPM's vault just over the Manhattan bedrock at 1 Chase Manhattan Place (and also in the entire Comex vault network in the past month), we were not the only ones checking every five minutes for the Comex gold depository update for April 25. Moments ago we finally got it, and it's a doozy. Because in just the past 24 hours, from April 24 to April 25, according to the Comex, JPM's eligible gold plunged from 402.4K ounces to just 141.6K ounces, a drop of 65% in 24 hours,and  the lowest amount of eligible gold held at the vault on record, since its reopening in October 2010! A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... The unraveling of the Ponzi Burrito begins.. http://albertpeia.com/germangoldgone.htm

On The Unsustainable Losses Of The Italian Banking System Submitted by Tyler Durden on 04/25/2013 - While not in the throes of a real estate crash, Italian banks are seeing a sharp deterioration in the quality of their assets. And while Italy's bond spreads head back to pre-crisis lows, as BofAML's Alberto Cordara notes, the ongoing pace and depth of asset quality deterioration further erodes the banks' ability to help Italy on the way back to growth. Critically, the lack of demand for banks' NPLs suggests that asset valuations may be overstated, thereby posing doubts on the real solvency status of Italian banks (i.e. they are not being totally truthful about their balance sheet assets); which explicitly means more capital is needed and soon. The rate of acceleration in newly impaired loans is staggering as it appears the current recession, driven by falling internal demand, is more insidious than the export-led crisis in 2009. And no matter how the Italian banks try to differentiate their bad loan composition, it is an ugly picture. The Italian House Price Index (IPAB) decreased 4.6% yoy as a result of tightening credit conditions, new property taxes and a difficult macro environment; and is unlikely to provide any assistance any time soon. Based on losses and capital, ISP appears best positioned, and BMPS worst - and do not expect a new LTRO to help as this is "not a normal economic downswing."

Abenomics Leads To Worst Core Deflation In Three Years Submitted by Tyler Durden on 04/25/2013 - Six months in and a 30% devaluation in the JPY and it would appear Abenomics is not having quite the desired effect. With an oh-so-exciting 2% inflation target that we are sure will be appearing any second now, Nationwide CPI just printed -0.9% YoY - its worst (most deflationary) levels since April 2010, missing expectations by the most in 10 months! But wasn't Abenomics supposed to be... inflationary? Well it is in one place - Utilities costs are the only sub-index higher YoY (by 2.3%) - that's a good thing, right?

"The Battlefield Is The United States Of America" Submitted by Tyler Durden on 04/25/2013 - When you’ve got a guy like Senator John McCain who says “The battlefield is the United States of America,” it tells you that almost nothing is safe in the Land of the Free. Whatever remains of civil liberties is going to feel the full brunt of the state’s boot heel.

Visualizing The Dead-Weight On The Global Economic Recovery Submitted by Tyler Durden on 04/25/2013 - Youth unemployment has become a worrying phenomenon with 74.6 million young people unemployed globally in 2012. Rising youth unemployment has a detrimental effect on economic growth, political and social stability as well as on the ability to exploit the potential demographic dividend. Young people who are neither in employment nor in education or training (NEET) are a particular social concern. The economic and social impact of a growing number of NEET young people aged 15 - 24 has raised concerns as they represent a dead weight burden.

Child Hunger Is Exploding In Greece – And 14 Signs That It Is Starting To Happen In America Too Submitted by Tyler Durden on 04/25/2013 - The world is heading into a horrific economic nightmare, and an inordinate amount of the suffering is going to fall on innocent children.  If you want to get an idea of what America is going to look like in the not too distant future, just check out what is happening in Greece.  At this point, Greece is experiencing a full-blown economic depression. And as you will read about below, child hunger is absolutely exploding in Greece right now.  Some families are literally trying to survive on pasta and ketchup.  But don't think for a moment that it can't happen here.Sadly, the truth is that child hunger is already rising very rapidly in our poverty-stricken cities.  Never before have we had so many Americans unable to take care of themselves. Unfortunately, more poor families slip through the cracks with each passing day, and these are supposedly times in which we are experiencing an "economic recovery".  So what are things going to look like when the next major economic downturn strikes?

http://albertpeia.com/childhungeringreeceandamerica.htm

Just What Is Going On With The Gold In JPMorgan's Vault? Submitted by Tyler Durden on 04/24/2013 - Things sure are getting weird in the fifth subbasement of 1 Chase Manhattan Plaza... Some questions we would like answers to: *What happened to the commercial gold vaulted with JPM, and what was the reason for the historic drawdown? *Gold, unlike fiat, is not created out of thin air, nor can it be shred or deleted. Where did the gold leaving the JPM warehouse end up (especially since registered JPM and total Comex gold has been relatively flat over the same period)? *Did any of this gold make its way across the street, and end up at the vault of the building located at 33 Liberty street? *What happens if and/or when the JPM vault is empty of commercial gold, and JPM receives a delivery notice? Inquiring minds want to know...

America The Fallen: 24 Signs That Our Once Proud Cities Are Turning Into Poverty-Stricken Hellholes

http://albertpeia.com/americanhellholes.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

IN CaSe You ARe WoNDeRiNG WHaT JuST HaPPeNeD AT AP... Posted by : williambanzai7 Post date: 04/23/2013 - A Banzai7 exclusive... http://albertpeia.com/hackflashcrash.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

Mourn For America: Whenever A Tragedy Happens They Take Even More Freedom From Us

http://albertpeia.com/mournforamerica.htm

TWo KiNDS OF TeRRoRiSTS... http://albertpeia.com/2kindsofterrorists.htm

EVoLuTioN oF A EURO SWiNe... http://albertpeia.com/euroswine.htm

17 Unanswered Questions About The Boston Marathon Bombing The Media Is Afraid To Ask

http://albertpeia.com/17unansweredquestionsmediaafraidtoask.htm

MeSSaGe To Mr KRuGMaN... http://albertpeia.com/feddykrugerands.htm

History Tells Us That A Gold Crash + An Oil Crash = Guaranteed Recession

http://albertpeia.com/goldcrashplusoilcrashequalsrecession.htm

Suspicious Photo of Gold-Bomber ben… by williambanzai7The Limerick King http://albertpeia.com/suspicioushelicopterbenphoto.htm

…The Takedown Of Gold A Sign That The Entire Global Financial System Is About To Crash … ?

http://albertpeia.com/globalfinancialsystemcrash.htm

‘…So who is behind all of this orchestration?  Well, according to Dr. Paul Craig Roberts, it is actually the Federal Reserve... The Federal Reserve began its April Fool’s assault on gold by sending the word to brokerage houses, which quickly went out to clients, that hedge funds and other large investors were going to unload their gold positions and that clients should get out of the precious metal market prior to these sales. As this inside information was the government’s own strategy, individuals cannot be prosecuted for acting on it. By this operation, the Federal Reserve, a totally corrupt entity, was able to combine individual flight with institutional flight. Bullion prices took a big hit, and bullishness departed from the gold and silver markets. The flow of dollars into bullion, which threatened to become a torrent, was stopped. In fact, Dr. Roberts says that former Goldman Sachs trader Andrew Maguire is reporting that the Fed orchestrated the dumping of 500 tons of naked gold shorts into the market on Friday... According to Andrew Maguire, on Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale. If he doesn’t have the item, he borrows it from someone who does, putting up cash collateral equal to the current market price. Then he sells the item, waits for it to fall in price, buys it back at the lower price and returns it to the owner who returns his collateral. If enough shorts are sold, the result can be to drive down the market price. As Dr. Roberts noted, this represents an absolutely massive amount of gold... Consider the 500 tons of paper gold sold on Friday. Begin with the question, how many ounces is 500 tons? There are 2,000 pounds to one ton. 500 tons equal 1,000,000 pounds. There are 16 ounces to one pound, which comes to 16 million ounces of short sales on Friday. Who has 16 million ounces of gold? At the beginning gold price that day of about $1,550, that comes to $24,800,000,000. Who has that kind of money? … A WHOLE LOT OF PEOPLE NEED TO BE CRIMINALLY INVESTIGATED. Meanwhile, many are considering this takedown of gold to be an ominous sign that another major financial crisis may be heading our way. Just remember what happened back in 2008.  As Zero Hedge noted on Monday, the price of gold suddenly plunged 21 percent in July 2008.  That was just a couple of months before the U.S. stock market crashed in the fall...’

El-Erian's Summary: "Virtually Every Market Is Trading At Very Artificial Levels"Submitted by Tyler Durden on 04/16/2013 - "In order for central banks to achieve their ultimate economic objective - which is growth and jobs - they have to push investors into taking more risk than is justified," is the somewhat chilling warning that PIMCO's Mohamed El-Erian gives in this excellent interview with the WSJ. "Central banks are operating through the wealth effect and animal spirits," El-Erian says peeling back the truth onion, as they prop up asset prices to "artificial levels, in virtually every market." Worries over the central bankers of the world withdrawing easy money policies too early are "unwarranted," he notes, adding that he suspects, "they will most likely stay too long and they will consciously make that mistake." Critically, though, he sends a message that appears to fit with many of our recent discussions (most recently here) that "if these levels aren’t validated by the fundamentals, then investors will get hurt."

MarketWatch Paul B. Farrell America needs a new war Commentary: Any one of these 10 flash points could trigger it, saving capitalism from itself. { I’m really disappointed by this article and will no longer follow or post links to farrell’s articles. Even if in jest, an exercise in sarcasm, or sophistry at its worst, such position is so absolutely uncivilized and in such poor taste and without any intellectual foundation that I must wonder how MarketWatch hasn’t really ‘watched’. I want to know what wars farrell’s fought in, or how many of his own children have died in same. I’m staunchly against communism which I’ve made no secret; but if farrell’s specious reasoning was correct (it’s not, economically and otherwise, but quite Orwellian), I honestly would then say, ‘Let capitalism die’! }

HeaDS I WiN... by: williambanzai7 http://albertpeia.com/headsiwin.htm

QE TiTaNiC 2013... by: williambanzai7 http://albertpeia.com/benusstitanicqeedkoed.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

4-24-13

Child Hunger Is Exploding In Greece – And 14 Signs That It Is Starting To Happen In America Too

http://theeconomiccollapseblog.com

http://albertpeia.com/childhungeringreeceandamerica.htm

Just What Is Going On With The Gold In JPMorgan's Vault? Submitted by Tyler Durden on 04/24/2013 - Things sure are getting weird in the fifth subbasement of 1 Chase Manhattan Plaza... Some questions we would like answers to: *What happened to the commercial gold vaulted with JPM, and what was the reason for the historic drawdown? *Gold, unlike fiat, is not created out of thin air, nor can it be shred or deleted. Where did the gold leaving the JPM warehouse end up (especially since registered JPM and total Comex gold has been relatively flat over the same period)? *Did any of this gold make its way across the street, and end up at the vault of the building located at 33 Liberty street? *What happens if and/or when the JPM vault is empty of commercial gold, and JPM receives a delivery notice? Inquiring minds want to know...

America The Fallen: 24 Signs That Our Once Proud Cities Are Turning Into Poverty-Stricken Hellholes

http://albertpeia.com/americanhellholes.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

America The Fallen: 24 Signs That Our Once Proud Cities Are Turning Into Poverty-Stricken Hellholes Submitted by Tyler Durden on 04/24/2013 - What is happening to you America?  Once upon a time, the United States was a place where free enterprise thrived and the greatest cities that the world had ever seen sprouted up from coast to coast.  Good jobs were plentiful and a manufacturing boom helped fuel the rise of the largest and most vibrant middle class in the history of the planet.  Cities such as Detroit, Chicago, Milwaukee, Cleveland, Philadelphia and Baltimore were all teeming with economic activity and the rest of the globe looked on our economic miracle with a mixture of wonder and envy.  But now look at us.  Our once proud cities are being transformed into poverty-stricken hellholes. We are in the midst of a long-term economic collapse that is eating away at us like cancer, and things are going to get a lot worse than this.  So if you still live in a prosperous area of the country, don't laugh at what is happening to others.  What is happening to them will be coming to your area soon enough. http://albertpeia.com/americanhellholes.htm

The Retirement Gamble Submitted by Tyler Durden on 04/24/2013 - If you’ve been watching any commercial television lately, you are well aware that the financial services industry is very busy running expensive ads imploring us to worry about our retirement futures. Open a new account today, they say. They are not wrong that we should be doing something: America is facing a retirement crisis. One in three Americans has no retirement savings at all. One in two reports that they can’t save enough. On top of that, we are living longer, and health care costs, as we all know, are increasing. But, as Martin Smith found when investigating the retirement planning and mutual funds industries in Frontline documentary 'The Retirement Gamble', those advertisements are imploring us to start saving for one simple reason. Retirement is big business - and very profitable.

Italy's Monte Paschi Got A Sovereign Bailout To Avoid Being Corzined Submitted by Tyler Durden on 04/24/2013 - Those who think back to November 2011 will recall that it wasn't Jon Corzine's wrong way bet on Italian bonds that ultimately led to the bankruptcy of MF Global, well it did in part, but the real Chapter 11 cause was the sudden liquidity shortage due to the way the trades were structured as a Repo To Maturity, where the bank had hoped to collect the carry from the bond coupons, thereby offsetting the nominal repo cost of funding. The kind of deal which is the very definition of collecting pennies in front of a steamroller, as while the funding cost may be tiny and the capital allocated negligible (due to the nearly infinite implied leverage involved when using repo), when the underlying instrument crashes, and the originating counterparty has to fund a massive variation margin shortfall, that is when the shadow transformation cascade triggers an immediate liquidity crisis, which can result in liquidation cascade in a few brief hours. It happened with MF Global, it happened with Lehman too. And, we now learn, it also happened with Italy's most troubled and oldest bank, Monte Paschi (BMPS), whose endless bailouts, political intrigue, depoit runs, and cooked books have all been covered extensively here previously.

Guest Post: Abnormalcy Bias Submitted by Tyler Durden on 04/24/2013 - The political class set in motion the eventual obliteration of our economic system with the creation of the Federal Reserve in 1913. Placing the fate of the American people in the hands of a powerful cabal of unaccountable greedy wealthy elitist bankers was destined to lead to poverty for the many, riches for the connected crony capitalists, debasement of the currency, endless war, and ultimately the decline and fall of an empire. The 100 year downward spiral began gradually but has picked up steam in the last sixteen years, as the exponential growth model, built upon ever increasing levels of debt and an ever increasing supply of cheap oil, has proven to be unsustainable and unstable. Those in power are frantically using every tool at their disposal to convince Boobus Americanus they have everything under control and the system is operating normally. Nothing could be further from the truth.

US Mint Gold Sales Surge To Highest Since 2009 Submitted by Tyler Durden on 04/24/2013

On China's Rising Hatred Of The Japanese, And Why The BoJ Just Doesn't Get It Submitted by Tyler Durden on 04/24/2013 - It is becoming increasingly evident that Japan is attempting to use monetary policy to paper over the cracks of imploding foreign policy decisions. The 'storm in a teacup' that has brought China and Japan into fierce rhetorical battles over the Senkaku (or Diaoyu) Islands is having far more deep-seated impacts on the people of the two nations - and implicitly their buying habits. Unfortunately for the embattled Japanese - they are the ones in need far more than vice versa. As Bloomberg reports, discrimination against Japanese is increasingly common in China, as the head of China's Honda plant notes, he’s "never worked in a more hostile place." The dispute over the islands is raising resentment with bars and restaurants showings signs at the door saying, 'Japanese are barred from entering.' "Wherever I go, like department stores or in taxis, people ask me whether I am Japanese," and the reaction can be frosty. Simply put, no matter how cheap the Japanese make their cars by explicitly devaluing their currency, the largest auto market in the world (that of the Chinese) will not be buying; summed up rather bleakly, "I don’t really care about [car] brands,... but there are cars I won’t buy -- the Japanese ones. The reason is simple: Diaoyu."

Oil Surges Most In 5 Months With eMini Volume Near Lows Of Year Submitted by Tyler Durden on 04/24/2013 - After touching multi-year highs amid the exuberance of liquidity sloshing around the world, Oil became too glaring a concern and two weeks of suppression took the only Central-Bank-'Governor' to much more comfortable levels. But, the last week has seen the biggest 5-day jump in WTI in 8 months and today the biggest jump in 5 months. It seems the 'Brent Vigilantes' are back. Equities traded in a very narrow range after yesterday's #HashCrash and eMini volumes were among the lowest of the year. An early afternoon ramp, aided by EURUSD, failed at overnight highs and collapsed back to VWAP as the machines were in charge once again. Treasuries rallied from early morning high yields ending the day lower in yield (TSY yields down 1-2bps on the week against a 30 point rally in the S&P!!) Durable goods dismal data just reinforced Europe's donut and stirred the bad-is-good mantra as Trannies outperformed, but interestingly once again the Dow was unable to break above pre-Boston levels. FX markets were relatively calm for once as gold, silver, and copper all gained. VIX ended up for the day by 0.25vols at 13.75%.

Another WTF Chart Submitted by Tyler Durden on 04/24/2013 - Forget the papered over cracks of manufactured EPS 'beats', or the talking-head anecdotes of one or two companies chosen to represent the 'earnings season' visibility. This chart from S&P shows the simple reality that operating earnings per share has been growing at an ever-decreasing pace since QE began. Of course, just as they were saying in June 2011, the next few quarters will see this growth re-accelerate...

Here Is Who Said AAPL Would Hit $1000 Any... Minute... Now Submitted by Tyler Durden on 04/24/2013 - How much changes in six months. Last September, everyone, including the hotdog vendor, the shoeshine boy and the kitchen sink, was screaming that AAPL $1000 is just around the corner, and cartoon analysts named for state capitals were coming up with idiotic price targets (hint: $1111) that only intellectually-stunted dyslexics could love. Six months later, the former growth company (and now levered-divdend value play) can barely break above $300. So, just to set the record straight, here, courtesy of marketsqueeze.com, is a small sample of the penguins who could barely outscream each other on the way to a "certain" $1 trillion market cap. Ooops.

Fisker - The New Solyndra: Obama Kept Pumping Taxpayer Cash As Company Was Failing Submitted by Tyler Durden on 04/24/2013 - It appears, once again, that the government's inept approach to spending 'other people's money' has blown up in their face. As HotAir.com reports, newly obtained documents show the Obama administration was warned as early as 2010 that electric car maker Fisker Automotive Inc. was not meeting milestones set up for a half-billion dollar government loan, nearly a year before U.S. officials froze the loan. Just as with Solyndra, Congress seemed convinced to spend billions of taxpayer money 'investing' in green-tech startups - only to lose everything. Simply put, in our humble opinion, the pattern is explained by the 'monopoly money' perspective we suspect these funds are viewed as in light of Bernanke's inexorable funding of the government's largesse. None other than the great Joe Biden reveled in the news in 2009 that Fisker would re-open a closed GM plant creating jobs, jobs, jobs; it never completed the task and never created one job. When the money isn't yours, 'investing' public funds is oh so easy and it appears, with zero consequence for the decision makers - again. But this story is not over yet, as Fisker heads to Congress looking for the right "financial and stretgic resources" once again.

US Business Cycle Index Plunges Most In 22 Months Submitted by Tyler Durden on 04/24/2013 - While broad US macro-economic data has been sliding rapidly of late - now at equivalently bad levels as we saw in August of last year's 'swoon', we have often seen 'survey-based' data provide some fillip to the hard-data deterioration. Hope and faith that recovery is just around the corner provides just enough to hang new all-time high stock prices on. But... in the last two weeks, the surprises from US business cycle and survey-based indicators have plunged. In fact they have dropped at a pace only matched by 2011's Q2 slump that required global coordinated central bank intervention to save it. Perhaps even more interesting from the chart below, is the lower highs being made in these indicators of the business cycle - which confirm the fading reality of any spillover-effect from QE.

Rwanda Is Spain Even As PIMCO/Blackrock Cut European Exposure Submitted by Tyler Durden on 04/24/2013 - When Spanish bonds traded at yields above 7% last Summer, the world's central banks went into a whirlwind to proclaim that these levels did not represent reality (in spite of the depression-era style economic data the nation was spewing). Fast forward nine months, the data is worse and getting worserer but yields - through the guiding hand of Draghi, the self-referential buying of domestic banks, and the BoJ's risk-is-no-object reach for anything non-JPY denominated - have crushed to 4.3% pre-crisis levels. Meanwhile, a few thousand miles south, the nation of Rwanda is issuing its first international debt today at a 7% yield (to the Japanese we are sure) as over 90% of the world's sovereign bond markets are at or near all-time low yields. But, the smart money is leaving, as PIMCO notes, "this central bank-inspired rally has made the markets expensive... relative to fundamentals"

"Panic" For Physical Gold Spreads To UK Where Royal Mint Sales Of Gold Coins Triple Submitted by Tyler Durden on 04/24/2013

The Daily Gross: Bubbles Getting More BubblySubmitted by Tyler Durden on 04/24/2013 -Since reams of Powerpoint presentations, or pages of PDFs seem to pass most 'investors' by these days, PIMCO's Bill Gross' new chosen media appears to be Twitter's 140 characters. He is on a roll of soundbite superbness. Today's headline suggests just four little words we should all be aware of: "Bubbles are getting Bubbly."

Boston Bombers On Terrorist Watch Lists … Russia Contacted U.S. MULTIPLE TIMES Regarding Bombers Posted by : George Washington Post date: 04/24/2013 - Why Have We Lost Our Rights In The New "Post-9/11 World" If The Government Can't Keep Us Safe?  Trillions Of Dollars - And Thousands Of American Lives - Have Been Squandered On Boondoggles And...

Work On Wall Street? Here's Why You Should Hate HFT - Santelli's Take On Vacuum Tubes Submitted by Tyler Durden on 04/24/2013 - Yesterday's #Hash-Crash has brought the tough reality of just how entirely mechanized the so-called equity 'markets' have become in the US to every mom-and-pop who watch nightly news. Mainstream media is even discussing the correlations between JPY carry trades and equity indices now as CNBC's Rick Santelli notes "the high-speed casinos our markets have become". All things we have discussed for years. But there is one potentially fascinating insight from the ongoing robotization of the TBTF banking sector - Wall Street jobs are now at an all-time record low. Once again, it would appear, that cost-cutting demands (and a government backstop and huge subsidy no matter how bad the things are that you do) trumps any job creation. As Joe Saluzzi explains to CNBC's Rick Santelli in this excellent clip, the "liquidity is fickle" - the fake-tweet was a mere catalyst, he added, "we see these flash-crashes every day." The benefits for the major exchanges far exceed the conflicts of interest of these so-called "market-makers" who front-run their clients millisecond by millisecond.

European "Bad Is Good" Stock Exuberance Continues But Bonds Reverse Gains Submitted by Tyler Durden on 04/24/2013 Another day, another set of horrible European data that merely stokes the idiocy of bad is good front-running of an ECB rate cut next week. We remain somewhat skeptical that a rate-cut will actually do anything here for this 'fragmented' continent when simple old 'free-money' is not fixing anything. But anyway... European stocks surged ahead again - even after yesterday's best day in 9 months. The difference today... European sovereign bonds deteriorated quite notably with Italian spreads wider by 10bps (despite its equity market's strength reasoned on the possibility of a new PM). Spain and Italy are up 6% and 5% respectively this week, and their bond spreads -32bps and 21bps respectively. We are sure this will end well. No pressure, Mr. Draghi...

CNBC Viewership Plunges To Eight Year Lows Submitted by Tyler Durden on 04/24/2013

Guest Post: Why Krugman and the Keynesians Are Lackeys for the Neofeudal Debtocracy Submitted by Tyler Durden on 04/24/2013 - The heart and soul of the Keynesian Cargo Cult is the dogma that the cure for all economic ailments is more aggregate demand, i.e. consumption. The Keynesians' fanatic faith in boosting consumption would be merely childishly naive if it didn't directly support a parasitic neofeudal debt-serfdom. Sadly, Krugman and his fellow cultists' single-minded parroting of "aggregate demand" makes them well-paid lackeys and toadies for an extractive neofeudal-neocolonial debtocracy. If you set out to design a system that would implode with devastating consequences, it would be the Keynesian Cargo Cult's neofeudal financialization debtocracy. All the incentives favor increasing debt, misallocation of capital and mindless consumption, and all the disincentives weaken investments in productivity and the creative destruction of malinvestments and subsidies to favored cartels.

"Working Poor" Spark 170% Increase In Britons Needing Food Handouts In Past Year Submitted by Tyler Durden on 04/24/2013

The USD Reserve Exodus Continues - Australia Diversifies Reserves Into China Submitted by Tyler Durden on 04/24/2013

Raise Your Hand If You Can See The RecoverySubmitted by Tyler Durden on 04/24/2013 - This may be a trick question.

Apple Earnings - The Hangover Submitted by Tyler Durden on 04/24/2013 - While immediately after earnings, we were treated to a plethora of self-justifying talking heads exclaiming how wonderful the worst news was, how positive the future looked, how leveraged dividends were great, and how awesome iPhones 5S sales will be inevitably; it seems the market (which one bright chap noted 'must know something' when the stock was soaring) is now testing its recent lows... The selling appears to have started once Tim Cook began pitching the future like a European politician and bitching about the competition as opposed to discussing the current state of affairs. AAPL has dropped almost 9% from its overnight highs and is near 17 month lows.

March Durable Goods Implode, Plunge -5.7%; CapEx Recovery Put On Indefinite Hiatus Submitted by Tyler Durden on 04/24/2013 - So much for the great American CapEx recovery. Moments ago the Census department released the March Durable Goods report, thanks to which one can lay to rest any hope of a recovery in the US economy, with the headline number printing an absolutely abysmal -5.7%, an epic swing from the +5.7% (revised lower of course to 4.3%) in February, and confirming the recovery is dead and buried. Although we are confident the propaganda spin is just waiting to be unleashed: after all it is possible that March weather was both too hot and too cold, thereby making the number completely irrelevant - after all it is always the inclement weather's fault when the economy does not act as predicted by some economist's DSGE model of reality and stuff.

Frontrunning: April 24

Submitted by Tyler Durden on 04/24/2013

The Inland Empire bubble is back: BMW to Amazon Space Demand Spurs Rush to Inland Empire (BBG)

Tamerlan Tsarnaev was on classified government watch lists (Reuters)

Brothers in Boston Bombing Case Said Drawn to Radicalism (BBG)

Germany Spurns Calls to Loosen Austerity Stance (WSJ)

Spain poised to ease austerity push (FT)

What ever happened to France's voice in Europe? (Reuters)

U.S., South Korea Reach Nuclear Deal (WSJ)

U.S. Sees No Hard Evidence of Syrian Chemical Weapons Use (BBG)

RBA Set to Invest Foreign Currency Reserves in China, Lowe Says (BBG)

FedEx Wins $10.5 Billion Postal Contract as UPS Shut Out (BBG)

RANsquawk EU Market Re-Cap - 24th April 2013Submitted by RANSquawk Video on 04/24/2013

Overnight Summary, In Which We Read That The German ZEW Miss Is Blamed On "Winter Weather" Submitted by Tyler Durden on 04/24/2013 -It is one thing for the market to no longer pay attention to economic fundamentals or newsflow (with the exception of newsflow generated by fake tweets of course), but when the mainstream media turns full retard and comes up with headlines such as this: "German Ifo Confidence Declines After Winter Chilled Recovery" to spin the key overnight event, the German IFO Business climate (which dropped from 106.2 to 104.4, missing expectations of 106.2 of course) one just has to laugh. In the artcile we read that "German business confidence fell for a second month in April after winter weather hindered the recovery in Europe’s largest economy... “We still expect there to have been a good rebound in the first quarter, although there is a big question mark about the weather,” said Anatoli Annenkov, senior economist at Societe Generale SA in London." We wonder how long Bloomberg looked for some junior idiot who agreed to be memorialized for posterity with the preceding moronic soundbite because this really is beyond ridiculous (and no, it's not snow in the winter that is causing yet another "swoon" in indicators like the IFO, the ZEW and all other metrics as we patiently explained yesterday so even a 5 year old caveman financial reported would get it).

Guest Post: How The Boston Bombing Is Already Being Exploited To Introduce Tyranny Submitted by Tyler Durden on 04/24/2013

IRS Issued Billions in Improper Refunds, Report Says

Washington Post | The IRS estimates that at least 21 percent of its EITC payments in 2012 were faulty.

IN CaSe You ARe WoNDeRiNG WHaT JuST HaPPeNeD AT AP... Posted by : williambanzai7 Post date: 04/23/2013 - A Banzai7 exclusive... http://albertpeia.com/hackflashcrash.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

Mourn For America: Whenever A Tragedy Happens They Take Even More Freedom From Us

http://albertpeia.com/mournforamerica.htm

TWo KiNDS OF TeRRoRiSTS... http://albertpeia.com/2kindsofterrorists.htm

EVoLuTioN oF A EURO SWiNe... http://albertpeia.com/euroswine.htm

17 Unanswered Questions About The Boston Marathon Bombing The Media Is Afraid To Ask

http://albertpeia.com/17unansweredquestionsmediaafraidtoask.htm

MeSSaGe To Mr KRuGMaN... http://albertpeia.com/feddykrugerands.htm

History Tells Us That A Gold Crash + An Oil Crash = Guaranteed Recession

http://albertpeia.com/goldcrashplusoilcrashequalsrecession.htm

Suspicious Photo of Gold-Bomber ben… by williambanzai7The Limerick King http://albertpeia.com/suspicioushelicopterbenphoto.htm

…The Takedown Of Gold A Sign That The Entire Global Financial System Is About To Crash … ?

http://albertpeia.com/globalfinancialsystemcrash.htm

‘…So who is behind all of this orchestration?  Well, according to Dr. Paul Craig Roberts, it is actually the Federal Reserve... The Federal Reserve began its April Fool’s assault on gold by sending the word to brokerage houses, which quickly went out to clients, that hedge funds and other large investors were going to unload their gold positions and that clients should get out of the precious metal market prior to these sales. As this inside information was the government’s own strategy, individuals cannot be prosecuted for acting on it. By this operation, the Federal Reserve, a totally corrupt entity, was able to combine individual flight with institutional flight. Bullion prices took a big hit, and bullishness departed from the gold and silver markets. The flow of dollars into bullion, which threatened to become a torrent, was stopped. In fact, Dr. Roberts says that former Goldman Sachs trader Andrew Maguire is reporting that the Fed orchestrated the dumping of 500 tons of naked gold shorts into the market on Friday... According to Andrew Maguire, on Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale. If he doesn’t have the item, he borrows it from someone who does, putting up cash collateral equal to the current market price. Then he sells the item, waits for it to fall in price, buys it back at the lower price and returns it to the owner who returns his collateral. If enough shorts are sold, the result can be to drive down the market price. As Dr. Roberts noted, this represents an absolutely massive amount of gold... Consider the 500 tons of paper gold sold on Friday. Begin with the question, how many ounces is 500 tons? There are 2,000 pounds to one ton. 500 tons equal 1,000,000 pounds. There are 16 ounces to one pound, which comes to 16 million ounces of short sales on Friday. Who has 16 million ounces of gold? At the beginning gold price that day of about $1,550, that comes to $24,800,000,000. Who has that kind of money? … A WHOLE LOT OF PEOPLE NEED TO BE CRIMINALLY INVESTIGATED. Meanwhile, many are considering this takedown of gold to be an ominous sign that another major financial crisis may be heading our way. Just remember what happened back in 2008.  As Zero Hedge noted on Monday, the price of gold suddenly plunged 21 percent in July 2008.  That was just a couple of months before the U.S. stock market crashed in the fall...’

El-Erian's Summary: "Virtually Every Market Is Trading At Very Artificial Levels"Submitted by Tyler Durden on 04/16/2013 - "In order for central banks to achieve their ultimate economic objective - which is growth and jobs - they have to push investors into taking more risk than is justified," is the somewhat chilling warning that PIMCO's Mohamed El-Erian gives in this excellent interview with the WSJ. "Central banks are operating through the wealth effect and animal spirits," El-Erian says peeling back the truth onion, as they prop up asset prices to "artificial levels, in virtually every market." Worries over the central bankers of the world withdrawing easy money policies too early are "unwarranted," he notes, adding that he suspects, "they will most likely stay too long and they will consciously make that mistake." Critically, though, he sends a message that appears to fit with many of our recent discussions (most recently here) that "if these levels aren’t validated by the fundamentals, then investors will get hurt."

MarketWatch Paul B. Farrell America needs a new war Commentary: Any one of these 10 flash points could trigger it, saving capitalism from itself. { I’m really disappointed by this article and will no longer follow or post links to farrell’s articles. Even if in jest, an exercise in sarcasm, or sophistry at its worst, such position is so absolutely uncivilized and in such poor taste and without any intellectual foundation that I must wonder how MarketWatch hasn’t really ‘watched’. I want to know what wars farrell’s fought in, or how many of his own children have died in same. I’m staunchly against communism which I’ve made no secret; but if farrell’s specious reasoning was correct (it’s not, economically and otherwise, but quite Orwellian), I honestly would then say, ‘Let capitalism die’! }

HeaDS I WiN... by: williambanzai7 http://albertpeia.com/headsiwin.htm

QE TiTaNiC 2013... by: williambanzai7 http://albertpeia.com/benusstitanicqeedkoed.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

4-23-13

America The Fallen: 24 Signs That Our Once Proud Cities Are Turning Into Poverty-Stricken Hellholes

http://theeconomiccollapseblog.com

http://albertpeia.com/americanhellholes.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://theeconomiccollapseblog.com

http://albertpeia.com/usno1.htm

IN CaSe You ARe WoNDeRiNG WHaT JuST HaPPeNeD AT AP... Posted by : williambanzai7 Post date: 04/23/2013 - A Banzai7 exclusive... http://albertpeia.com/hackflashcrash.htm

The Worldwide Economy Is Fine, But The Sales Reps Are Lazy - Or Something Posted by: testosteronepit Post date: 04/23/2013 - When sales reps, Easter, and the sequester get blamed for worldwide sales declines

EU Markets Move Based on the Same EU Lies Posted by: Phoenix Capital... Post date: 04/23/2013 -  All in all, the markets are falling for the same ploy they’ve fallen for dozens of times in the last few months: more political promises from those who cannot and will not do what is...

Visualizing Life In America From 1983 To Today Submitted by Tyler Durden on 04/23/2013 - A lot has changed in 30 years - from Miami Vice and Flashdance to Hunger Games and Taylor Swift; but away from the end of legwarmers (and rolled-up jacket sleeves), GDP has more than tripled from $3.5 trillion as household incomes, home prices, and employment have shifted dramatically but not equally... http://albertpeia.com/lifeinus1983tonow.htm

Bond Bubble, Or Rational Expectations? Visualizing 220 Years Of Treasury Yields Submitted by Tyler Durden on 04/23/2013 - Near multi-generational low bond yields, driven at least in part (and some think in full) by the undeniably large asset purchase program (Quantitative Easing (QE)) that the US Federal Reserve has been implementing in one form or another since the 2008 Global Financial Crisis (GFC), have pushed the question of whether or not the bond market is a bubble to the front of many people's minds. However, while the chart below of over 220 years of 10-year treasury yields shows the extraordinarily low bonds yields, they have resulted from many fundamental and rational drivers (expectations of weak economic growth and safe haven flows amid the European sovereign debt crisis) in addition to Fed purchases. So while bond prices look expensive, there is nothing particularly bubbly about the bond market today.

Guest Post: Physical Gold vs. Paper Gold: The Ultimate Disconnect Submitted by Tyler Durden on 04/23/2013 - The paper price of gold crashed to $1,325 in the wake of this huge trade. It is now hovering around $1,400. Our first reaction is to suggest that this is only an aberration, and that the fundamentals of the depreciating value of paper currencies will eventually take the price of gold much higher, making it a buying opportunity. But what we can't predict is whether big players might again deliver short-term downturns to the market. The momentum in the futures market can make swings surprisingly larger than the fundamentals of currency valuation would suggest; but the fundamentals will drive the long-term market more than these short-term events. The fight between pricing from the physical market for bullion and that from the "paper market" of futures is showing signs of discrimination and disagreement, as the physical market is booming, while prices set by futures are seemingly pressured to go nowhere. In short, we think this is a strong buying opportunity.

Guest Post: America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc. Submitted by Tyler Durden on 04/23/2013 - The United States is a deeply unhappy place.  We are a nation that is absolutely consumed by fear, stress, anger and depression.  It isn't just our economy that is falling apart - the very fabric of society is starting to come apart at the seams and it is because of what is happening to us on the inside. We are overwhelmed by anxiety, and much of the time the ways that we choose to deal with those emotions lead to some very self-destructive behaviors.  Americans have experienced a standard of living far beyond the wildest dreams of most societies throughout human history, and yet we are an absolutely miserable people.  Why is this?  Why is America #1 in so many negative categories? There is vast material wealth all around us.  So why can't we be happy?

AAPL Beats Revenues And EPS As Margin Declines, Guides Lower, Boosts Buyback And Dividend Submitted by Tyler Durden on 04/23/2013 -Apple is out with Q2 results which are hardly inspiring. Revenue and sales beat, but margins missed and guidance is weak:The good news: Q2 Revenue: $43.6 billion, Exp. $42.3 billion Q2 EPS: $10.09, Exp $9.98 And the not so good news:  Q2 margin weaker than expected 37.5%, Exp. 38.5% And Q3 revenue seen at $33.5-$35.5 billion far below the estimate consensus $38.4. Remember: AAPL no longer sandbags the future For those looking for a special dividend you won't see it, instead will have to be satisfied with a buyback expansion by $50 billion (eventually), and an increase of 15% in the dividend. Ironically, cash cow AAPL just announced it will raise debt (and got rated by various rating agencies) in order to fund its cash outflow. In other words, it is slowly but surely becoming a utility. So much for the near infinite growth projections.

Horrible News Is Great News, Lifting Stocks To Just Shy Of All Time HighsSubmitted by Tyler Durden on 04/23/2013 - As we tweeted somewhat prophetically this morning when futures were still modestly red: And sure enough, equities close at the highs of the day (up over 1.5% from the overnight lows) and back near all-time highs once again. Ignoring the well-discussed elephant-in-the-room of the fake-tweet-based-flash-crash which exposed all that is unholy about the financial markets (i.e. coordinated HFT algos across every futures-market risk-asset); we note that shorts were heavily squeezed today, grossly outperforming the indices and JPY carry trades pulled stocks up tick-for-tick. Bonds sold off about 8bps higher in yield from overnight lows on the terrible data but yields ended the day only modestly higher (far removed from equity exuberance). The Dow, intriguingly, closed perfectly unchanged to the moment the Boston news hit last week, but the Russell was the day's big winner...

Guest Post: We've Dug A Pretty Damn Big Hole For Ourselves Submitted by Tyler Durden on 04/23/2013 - “Recovery” has become the shibboleth constantly invoked by people running things after the crisis of 2008. Unfortunately, no such recovery was underway. It was papered over by the twin Federal Reserve policies of quantitative easing and financial repression – a combination of the nation’s central bank loaning vast new amounts of money into existence at ultra-low interest rates (hardly any interest to pay back) and creating steady monetary inflation to reduce the burden of existing debt by shrinking the dollar value of the debt. The program was a racket in the sense that it was fundamentally dishonest. The presumed purpose of these shenanigans from the point of view of the Federal Reserve and the White House was to keep the financial system stable and afloat, and therefore to keep “normal” American daily life going. Unfortunately, it was based on the unreal assumption that the financial norms of, say, 2006 could be ginned back up again, and this premise was just inconsistent with the reality of a post-Peak-Cheap-Oil world. Unfortunately, there was no organized counter-view to this wishful thinking anywhere within the boundaries of the political establishment.

Wondering What Is Driving Today's Rally? Submitted by Tyler Durden on 04/23/2013 - Presented with little comment, but it's another one of those short-squeeze days...

Finally, This Is What A "Locked Market" Looks Like Submitted by Tyler Durden on 04/23/2013 - Another word for locked (or where the bid and ask are the same; the only condition which is worse - crossed, where the bid is higher than the ask)? Broken.

And This Is What A Full Blown Market Exodus Looks Like Submitted by Tyler Durden on 04/23/2013 - 260,000 S&P 500 e-mini contracts traded in the three minutes following the fake AP Tweet. That is ~$20.4 Billion notional value 'changed hands'. For those with trailing stops, our condolences...

From A Twitter Hack To The Complete Evaporation Of All Market Liquidity In One Chart Submitted by Tyler Durden on 04/23/2013 - Presented with little comment aside to note that based on a tweet, the 'deeply liquid' US equity market collapsed instantaneously as all those liquidity-providing 'algos' jumped ship. The good news, if indeed this was merely a test for "the big one", is that everyone managed to sell ahead of everyone else. Right?

Hacked AP Twitter Account Reports Of Two Explosions At White House, Obama Injured Submitted by Tyler Durden on 04/23/2013

SaxoBank CEO: "We Must Re-Evaluate The European Union" Submitted by Tyler Durden on 04/23/2013 - Despite a very positive starting point for European citizens' view of the EU; over time, this support and optimism evaporated. Massive central bureaucracy, European arrogance and lack of respect for the independence, history and culture of the national states slowly destroyed confidence in the project. When we look back, we must admit that it took too long to recognise what the European project really was. But we also have to state that this recognition came much later to many others and some of our career politicians obviously still do not get it. The big question is really whether the EU is more the problem than the solution in the current crisis. The euro has shown its true colours and anyone with a rational view of the world sees the currency collaboration as a historic failure that can lead to even further fatal consequences for Europe and the continent’s competitiveness vis-à-vis the rest of the world. There is one thing, and only one thing, that can rescue the euro. That is a much more far-reaching integration between the euro countries; a common financial policy, joint debt issuing, a willingness to pay enormous transfers from the rich to the poor countries or, more specifically, from Germany to all the other member states. That is a possible route, but not a desirable one. The time has come to do everything to ensure that Europeans understand what the future perspectives of this choice are and that Europeans understand the importance of this choice.

Spot The "Housing Recovery" Disconnect(s) Submitted by Tyler Durden on 04/23/2013 - Confused about the latest disconnect between reality and propaganda, this time affecting the (foreclosure-stuffed) housing "recovery" which has become the only upside that the bulls can point to when demonstrating the effectiveness of QE now that the latest attempt at economic recovery has failed miserably both in the US and globally? Gluskin Sheff's David Rosenberg is here to clear any confusion.

PIMCO's Bill Gross Advice In Two Words: Sell EurosSubmitted by Tyler Durden on 04/23/2013 - In his increasingly ubiquitous manner, the bond king has reduced his thesis to 140 characters, summed up in just two words... Sell Euros It seems sometimes there is no need for a 300-page Powerpoint presentation.

Guest Post: The Global Status Quo Strategy: Do More Of What Has Failed Spectacularly Submitted by Tyler Durden on 04/23/2013 - A key goal of propaganda is to mystify and obscure the Power Elites' real quandary and agenda. For example: we're just trying to help you out here, folks, by inflating another "wealth effect" bubble that will make you feel more prosperous. You're gonna love the warm fuzzy feeling of a return to the good times, even if you own zip-zero-nada in the way of productive assets. Or: we're raising your taxes and expropriating your money via inflation to stabilize the system that benefits you. (And yes, you may kneel and kiss Janet Yellen's ring.) The current level of mystification is truly extraordinary. But fortunately, we own a demystification device that scrubs out the mystification, leaving only stark, unforgiving reality. The global Status Quo--the U.S., the E.U., China, Japan, Cyprus, Greece, Italy, Spain, et al.--has only one choice: do more of what has failed spectacularly.

March New Home Sales As Expected While Average Home Price Plunges To Nine Month Low Submitted by Tyler Durden on 04/23/2013 - It is only logical that after last month's New Home Sales miss (exp. 420, printed 411K), which sent the market higher, today's tiniest of beats in New Home Sales, which printed at 417K, on expectations of 416K, would also send the market higher. The total months of supply indicated was 4.4, the same as February, and well above the 4.0 from January. Unnoticed in the release was that the January housing data was revised higher from 431K to 445K, meaning last month's drop would have been even more acute (-7.6% instead of -4.6%), but who cares about such things as data chronology now that the headline effect is long gone.  All that matters is that the trend is the mainstream media's friend, which can report new home sales have grown once more... if only back to levels last seen in April of 2010 when the same number was 422K. Was the data actually meaningful on a long-term basis? We will let readers decide on their own after one look at the chart below. Finally, and this will not be mentioned anywhere, the average New Home price plunged from $310,000 to $279,900 -  the lowest since June of 2012. One can only imagine the step down in quality that was required to make up in volume what was "lost" in price.

MF Global Trustee Sues Jon Corzine For Firm's Collapse Submitted by Tyler Durden on 04/23/2013 - Just about a year and a half after the bankruptcy filing of MF Global, the first real lawsuit that directly names former MF Global (and Goldman) CEO Jon Corzine and his cronies, has hit the docket with MFG Holdings bankruptcy trustee Louis Freeh as plaintiff. The complaint: breach of fiduciary duty. Of course, when one is a bundler for the president, such trivial concepts as duty to anyone else, be it fiduciary or otherwise, naturally does not exist.

Daily US Opening News And Market Re-Cap: April 23 Submitted by Tyler Durden on 04/23/2013 - Yet another round of less than impressive macroeconomic data from China and Eurozone failed to deter equity bulls and heading into the North American crossover, stocks in Europe are seen higher, with tech and financials as best performers. The disappointing PMI data from Germany, where the Services component fell below the expansionary 50, underpins the view that the ECB will likely cut the benchmark interest rates next month and may even indicate that it is prepared to provide additional support via LTROs. As a result, the EONIA curve bull flattened and the 2/10s German spread flattened by almost 3bps to levels not seen since June 2012. In turn, Bund future hit YTD peak at 146.77 and the next technical level to note is 146.89, 1st June 2012 high. However it is worth noting that the upside traction is also being supported by large coupon payments and redemptions from France, the second highest net market inflow for 2013.

Goldman Closes Gold Short Submitted by Tyler Durden on 04/23/2013 - We have closed our recommendation to short COMEX Gold, as prices moved above the stop at $1,400/toz. We have exited the trade significantly below our original target of $1,450/toz, for a potential gain of 10.4%. The move since initiation was surprisingly rapid, likely exacerbated by the break of well-flagged technical support levels. Our bias is to expect further declines in gold prices on the combination of continued ETF outflows as conviction in holding gold continues to wane as well as our economists’ forecast for a reacceleration in US growth later this year.

Frontrunning: April 23

Submitted by Tyler Durden on 04/23/2013

China’s Recovery Falters as Manufacturing Growth Cools (BBG)

Gloomy eurozone output points to rate cut (FT)

Limit Austerity, EU appartchik Barroso Says (WSJ)

Regulators Get Banks to Rein In Bonus Pay (WSJ)

SEC looks to ease rules for launching ETFs (Reuters)

Easy come, easy go: U.S. Seizes $21 Million From Electric Car Maker Fisker (WSJ)

Japan nationalists near disputed isles (Reuters)

OECD in fresh warning on Japan debt (FT)

S&P says more than one-third chance of Japan downgrade, cites risks to Abenomics (Reuters)

Latest Global Economic Slowdown Confirmed After Disappointing Chinese, German PMI Data Submitted by Tyler Durden on 04/23/2013 If there was any debate about the global economic contraction, driven largely due to pundits confusing manipulated stock market levitation with this anachronistic thing called the "economy" and fundamentals for the fourth year in a row, all doubts were removed after this morning's manufacturing PMI data out of China, which as reported previously was a big disappointment (sending the Composite firmly into the red for the year down 2.57% to 2184.5) only to be followed by just as disappointing manufacturing and services PMI data out of Germany, which tumbled from 49 and 50.9 to 47.9 and 49.2, respectively, missing estimates of 49.and 51. The composite German PMI tumbled to a 6-month low of 48.8 as a result, meaning the European economic deterioration is just getting started, and at the worst possible time for Merkel several months ahead of her reelection campaign. The end result was a miss in the blended Eurozone Mfg PMI, which dropped from 46.8 to 46.5, even as the less relevant Services component eaked out a small gain from 46.4 to 46.6, on the back of a dead cat bounce in French economic indicators. Bottom line: a contraction in both European manufacturing and services for the 15th consecutive month. Some "recovery."

RANsquawk EU Market Re-Cap - 23rd April 2013

Submitted by RANSquawk Video on 04/23/2013

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

Mourn For America: Whenever A Tragedy Happens They Take Even More Freedom From Us

http://albertpeia.com/mournforamerica.htm

TWo KiNDS OF TeRRoRiSTS... http://albertpeia.com/2kindsofterrorists.htm

EVoLuTioN oF A EURO SWiNe... http://albertpeia.com/euroswine.htm

17 Unanswered Questions About The Boston Marathon Bombing The Media Is Afraid To Ask

http://albertpeia.com/17unansweredquestionsmediaafraidtoask.htm

MeSSaGe To Mr KRuGMaN... http://albertpeia.com/feddykrugerands.htm

History Tells Us That A Gold Crash + An Oil Crash = Guaranteed Recession

http://albertpeia.com/goldcrashplusoilcrashequalsrecession.htm

Suspicious Photo of Gold-Bomber ben… by williambanzai7The Limerick King http://albertpeia.com/suspicioushelicopterbenphoto.htm

…The Takedown Of Gold A Sign That The Entire Global Financial System Is About To Crash … ?

http://albertpeia.com/globalfinancialsystemcrash.htm

‘…So who is behind all of this orchestration?  Well, according to Dr. Paul Craig Roberts, it is actually the Federal Reserve... The Federal Reserve began its April Fool’s assault on gold by sending the word to brokerage houses, which quickly went out to clients, that hedge funds and other large investors were going to unload their gold positions and that clients should get out of the precious metal market prior to these sales. As this inside information was the government’s own strategy, individuals cannot be prosecuted for acting on it. By this operation, the Federal Reserve, a totally corrupt entity, was able to combine individual flight with institutional flight. Bullion prices took a big hit, and bullishness departed from the gold and silver markets. The flow of dollars into bullion, which threatened to become a torrent, was stopped. In fact, Dr. Roberts says that former Goldman Sachs trader Andrew Maguire is reporting that the Fed orchestrated the dumping of 500 tons of naked gold shorts into the market on Friday... According to Andrew Maguire, on Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale. If he doesn’t have the item, he borrows it from someone who does, putting up cash collateral equal to the current market price. Then he sells the item, waits for it to fall in price, buys it back at the lower price and returns it to the owner who returns his collateral. If enough shorts are sold, the result can be to drive down the market price. As Dr. Roberts noted, this represents an absolutely massive amount of gold... Consider the 500 tons of paper gold sold on Friday. Begin with the question, how many ounces is 500 tons? There are 2,000 pounds to one ton. 500 tons equal 1,000,000 pounds. There are 16 ounces to one pound, which comes to 16 million ounces of short sales on Friday. Who has 16 million ounces of gold? At the beginning gold price that day of about $1,550, that comes to $24,800,000,000. Who has that kind of money? … A WHOLE LOT OF PEOPLE NEED TO BE CRIMINALLY INVESTIGATED. Meanwhile, many are considering this takedown of gold to be an ominous sign that another major financial crisis may be heading our way. Just remember what happened back in 2008.  As Zero Hedge noted on Monday, the price of gold suddenly plunged 21 percent in July 2008.  That was just a couple of months before the U.S. stock market crashed in the fall...’

El-Erian's Summary: "Virtually Every Market Is Trading At Very Artificial Levels"Submitted by Tyler Durden on 04/16/2013 - "In order for central banks to achieve their ultimate economic objective - which is growth and jobs - they have to push investors into taking more risk than is justified," is the somewhat chilling warning that PIMCO's Mohamed El-Erian gives in this excellent interview with the WSJ. "Central banks are operating through the wealth effect and animal spirits," El-Erian says peeling back the truth onion, as they prop up asset prices to "artificial levels, in virtually every market." Worries over the central bankers of the world withdrawing easy money policies too early are "unwarranted," he notes, adding that he suspects, "they will most likely stay too long and they will consciously make that mistake." Critically, though, he sends a message that appears to fit with many of our recent discussions (most recently here) that "if these levels aren’t validated by the fundamentals, then investors will get hurt."

MarketWatch Paul B. Farrell America needs a new war Commentary: Any one of these 10 flash points could trigger it, saving capitalism from itself. { I’m really disappointed by this article and will no longer follow or post links to farrell’s articles. Even if in jest, an exercise in sarcasm, or sophistry at its worst, such position is so absolutely uncivilized and in such poor taste and without any intellectual foundation that I must wonder how MarketWatch hasn’t really ‘watched’. I want to know what wars farrell’s fought in, or how many of his own children have died in same. I’m staunchly against communism which I’ve made no secret; but if farrell’s specious reasoning was correct (it’s not, economically and otherwise, but quite Orwellian), I honestly would then say, ‘Let capitalism die’! }

HeaDS I WiN... by: williambanzai7 http://albertpeia.com/headsiwin.htm

QE TiTaNiC 2013... by: williambanzai7 http://albertpeia.com/benusstitanicqeedkoed.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

4-22-13

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://theeconomiccollapseblog.com

http://albertpeia.com/usno1.htm

Mourn For America: Whenever A Tragedy Happens They Take Even More Freedom From Us

http://theeconomiccollapseblog.com

http://albertpeia.com/mournforamerica.htm

TWo KiNDS OF TeRRoRiSTS... Posted by : williambanzai7 Post date: 04/20/2013 -  Two kinds of terrorists, one's who will do violence to your life and ones who will do violence to your constitutional rights. The first uses improvised explosive devices, the latter uses the... http://albertpeia.com/2kindsofterrorists.htm

EVoLuTioN oF A EURO SWiNe... Posted by : williambanzai7 Post date: 04/22/2013 - A brief update from a place where society is "humane and successful." http://albertpeia.com/euroswine.htm

17 Unanswered Questions About The Boston Marathon Bombing The Media Is Afraid To Ask

http://endoftheamericandream.com

http://albertpeia.com/17unansweredquestionsmediaafraidtoask.htm

A Major Realignment Of The Markets - Three Hopes And Three Fears Submitted by Tyler Durden on 04/22/2013 - The commodity market is saying global growth is slowing. But, there is hope, as BofAML's David Woo notes, the US equity market is saying US consumers are still going strong; and the FX and European sovereign markets seem to believe Mrs. Watanabe is about to embark on a global shopping spree. However, like us, Woo thinks it is unlikely that these markets will all turn out to be right. At the same time, we agree completely with Woo's assessment that markets may be under pricing three macro risks: the ability of Beijing to ease policy aggressively in the face of strong home price appreciation may be limited; the positive wealth effect of US housing recovery may not be enough to offset the contractionary impact of fiscal tightening; Japanese money may stay at home longer than expected. As he concludes, "something will have to give and a major re-alignment of the markets, the odds of which are rising, will probably not be either smooth or benign."

Here Is Not Why NFLX Is Soaring After Hours Submitted by Tyler Durden on 04/22/2013 - One look at NFLX in the afterhours and one can see the latest and greatest short squeeze in action (courtesy of 14% of the float being short) in a stock which is no stranger to epic moves up as shorts scramble to cover, and just as epic moves to the downside when reality peeks through the hopium clouds every now and then. What is the apparent catalyst? It's not revenue: the firm made $1.02 billion in sales in Q1, precisely as much as Wall Street expected. What the squeeze appears to be focused on instead, is what took the stock into the stratosphere the last time around the management realized it needed to generate some cash as well: rising subscribers, or specifically an increase in total members as of March 31 to 36.3 million, up by 3.05 million in 3 months, and more than some had anticipated. However as there is no free lunch, what is the bottom cash flow line associated with this once again rapid customer expansion? For that we go straight to the company's own definition of Non-GAAP free cash flow which starts with operating cash flow, removes cash associated with DVD content library acquisitions, removes CapEx and nets out other assets. The result...

Gold Has Biggest Week In 18 Months; Bonds Ignore Stock Surge Submitted by Tyler Durden on 04/22/2013 - Despite CAT explaining to the world that things are nothing like as good as they have said in the past and that their ability to forecast is gone given monetary policy hindrance (paraphrasing), the stock oscillated from pre-open gains to a big drop out of the gate, to a squeeze higher gapping as shorts covered to end the day up 2.75%. We explain this because it perfectly summarizes the market today. Overnight JPY weakness supported risk assets, Italy's Napolitano helped, and into the open we were comfortably green; but the moment the bell wrung the sellers appeared and pushed the S&P down (coincidentally) to last Monday's crash lows. Once Europe closed, the bulls got the green light and stocks surged on light volume running stops above overnight highs; stocks leaked back off their highs though ended comfortably green - a mere 20 S&P points off the intraday lows! While all this tom-foolery was occurring, Treasury yields plunged from their overnight highs and flatlined 1-2bps lower (ignoring equity's after noon exuberance). Commodities were similarly unimpressed as gold and silver held overnight strength but flatlined in the US afternoon as stocks popped. FX was in charge of the rally today as AUDJPY ruled pre-European close and EURUSD ruled the afternoon. VIX compression as protection was unwound helped support risk, but high-yield credit slammed lower into the close.

Chinese Sue Fed For Monopoly USD Devaluation Submitted by Tyler Durden on 04/22/2013 -In what could to grow into a class action in US courts, a Chinese woman is suing the Federal Reserve after discovering that the real value of the USD250 she put in an account in 2006 had shrunk by 30%. She claims it was the result of the Fed issuing too much money, and as The South China Morning Post reports, her son Li Zhen, the lawyer, called the lawsuit "litigation for the public good". Alleging "abuse of monopoly in issuing currency," the People's Court of Kunming has yet to rule on the litigants' demand that the Fed cease-and-desist from its quantitative easing policy. While this may seem frivolous, there are some interesting points being made that bear watching, as Li notes, since "the Fed is private institution which enjoys monopoly over the issuing of currency, US Dollar holders can sue it for printing too much money."

Canada Foils "Terror Plot" Involving Attack On New York To Toronto Railroad; Al-Qaeda Linked Submitted by Tyler Durden on 04/22/2013 - Another day, another terrorist attack, this time in Canada, where the mounted police announced they have made arrests relating a "terror plot" planning to attack a New York to Toronto passenger train. And just to keep it really real, the name Al-Qaeda was released a few times. Supposedly this is not the same Al-Qaeda that is linked to the Syrian opposition, which these days is one of America's best friends in the region against Hassad's "evil" regime and so on.CANADA FOILS TERROR ATTACK ON PASSENGER TRAIN – POLICE CANADA POLICE MAKE TWO ARRESTS IN PLOT CANADA'S RCMP SAYS AL-QAEDA LINKED TO POSSIBLE RAIL ATTACK The good news is that the maple syrup is safe. For now. RCMP's bilingual press conference below.

China PMI Miss Slams JPY-Carry Trades Submitted by Tyler Durden on 04/22/2013 - Thanks to a drop into contractionary territory for both New Export Orders and Employment, HSBC's Flash China Manufacturing PMI missed expectations and dropped to its equal lowest 'expansionary' print in six months. Also struggling with pricing power, as the China industry minister notes the country is "clearly facing over-capacity problems," commodity currencies (and the Shanghai Composite) are getting monkey-hammered. As we noted earlier, China is somewhat hamstrung in its ability to save itself this time, and further to that, the China industry minister added, "companies have no strong desire to invest."

Housing's Trek From America's "Socialism", Through UK's "Communism" Ending in China's "Capitalism" Submitted by Tyler Durden on 04/22/2013 - Socialism is a dirty word in many parts of the US, but as the FT reports, the government has turned its mortgage market into a giant nationalised enterprise on a par with China’s Red Army with over 90% of mortgages subsidized by the state and aided by so-called "progressive" or "redistributive" policies. In the UK, the government have also become entwined with the housing market, albeit in different ways. Rates have also been slashed close to zero; tens of thousands are buying homes arm-in-arm with the state under 'shared equity schemes'; and one-third of all mortgages come from the two state-controlled banks (Lloyds and RBS); very reminiscent of supposedly communist China, where most banks are majority-owned by the state with small public floats. The question remains how can they avoid another crash if and when they withdraw support from the market? "It’s broadly accepted nowadays that China still lives under the banner of ‘communism’ despite capitalist markets playing an increasing role in society. In Britain and America – at least where the housing market is concerned – the reverse process seems to be taking place."

Does Netflix' $3.3 Billion Off-Balance Sheet Liability Make It A "House Of Cards"? Submitted by Tyler Durden on 04/22/2013

Bill Fleckenstein: Hold Tight To Your Gold Submitted by Tyler Durden on 04/22/2013

A Visual History Of All Asset Bubbles Submitted by Tyler Durden on 04/22/2013 - Maybe not all, but certainly the vast majority of the most popular asset bubbles since before even the Tulip Mania of 1637 (including the Kipper and Wipper currency debasement of the German 30 years War, circa 1621, which is appropriately enough deja vu in contemporary retrospect, only the war is missing). While it may be worth noting that all the bubbles to the right of center have been central-bank induced (except for that amulet bubble of 2006, although even that is likely debatable), we will not note it as it is quite obvious even without us highlighting this simple fact. One can only imagine what would happen to asset prices - all of them - when the world's central banks, which are now collectively and voluntarily "all in" on reflating the biggest asset bubble of all time across all asset classes, decide to close the liquidity spigots (if ever).

Aftershocks Submitted by Tyler Durden on 04/22/2013 - If the FBI can track down two homicidal Chechen nobodies inside of forty-eight hours from their Boston bombing caper, you kind of wonder how come the Bureau can’t detect the odor of racketeering, insider trading, and wire fraud in this month’s orchestrated smackdown of the gold futures markets, including the parts played by the Federal reserve, one or more too-big-to-fail banks, self-interested big money players such as George Soros, slumbering regulators at the Commodities Futures Trading Commission, and tractable editors at The Wall Street Journal and The New York Times... Because the smackdown organizers pulled off their operation in a panic, they probably ignored the potential further negative consequences of their stratagem, namely a worsening loss of confidence in banks generally and in the trade of abstract financial instruments in particular

Spanish Population Declines For The First Time As Immigrants Throw In The Spiderman Towel Submitted by Tyler Durden on 04/22/2013

Earnings So Far: Just Three Charts Submitted by Tyler Durden on 04/22/2013 - With 33% of the S&P 500 market cap having reported, earnings season has had mixed results thus far. Earnings are pacing 4.1% ahead of expectations - 2.8% excluding financials; company guidance was generally negative leading into earnings season, and thus companies are beating lowered estimates and "clearing low hurdles." Early revenue results have been weaker than bottom-line numbers with revenues missing already lowered expectations by 0.3%. However, As Morgan Stanley's Adam Parker notes, three things stand out: negative guidance persists with negative-to-positive guidance surging to a multi-year high of 4.7; Margin expansion expectations remain at multi-year highs; and the consensus EPS for the S&P 500 is being marked down slowly by 0.6% and 1.1% for 2013 and 2014 respectively. With Apple set to report, and its huge relative weighting in many of the indices still, these 'expectations' could shift dramatically.

The Only Chart Required To 'Price' US Stocks Submitted by Tyler Durden on 04/22/2013 - The world remains transfixed in the belief that the Federal Reserve can 'prime' the economic pump one more time via monetizing trillion-dollar deficits ad nauseum, inflate its balance sheet to unprecedented levels, and still successfully exit from this largesse leaving behind a 'better' place for mankind. Judging by crescendo of cognitive dysfunction, the nominal price level of US equities can dismiss current weakness since we just have to wait a little longer (and print a little moar) and the old normal growth will rise phoenix-like from the ashes of our post-debt-super-cycle world. The truth is far simpler - US equity markets are not valued on earnings (LTM, current, or forward); they are not priced off discounted dividends; there is no discounting of macro upturns; or great rotations. Since the crisis began, there is only one thing that matters, as Gluskin Sheff's David Rosenberg notes from this stunning chart, "the NYSE Market Cap, this cycle, actually went up dollar for dollar with the expansion of the Fed's pregnant balance sheet."

Autopsy Of A Dead Market: The Google Flash-Crash Submitted by Tyler Durden on 04/22/2013 - Still chasing US equities up and down each day? Buying-and-holding large caps for their 'safety'? Reassured that money-on-the-sidelines will take us higher? Waiting for the Great Rotation? Perhaps the following post-mortem from Nanex on today's flash crash in the stock not of some microcap but of nearly $300 billion market cap behemoth Google, will reduce just a little of the fervor over what so many call the stock 'market' and its 'free' and 'efficient' nature.

Gold And Silver Physical Market And Inventory Update From The Source: "In A Word, Ugly" Submitted by Tyler Durden on 04/22/2013

Japan To "Carry" Europe's Rescue Submitted by Tyler Durden on 04/22/2013 - Between an 87-year-old Italian, a bearded American, two Japanese sociopaths, and a world in desperate search of 'yield', the yields on Spanish 10Y debt have collapsed in recent days to 4.50% - its lowest since November 2010 (and Italy at around 3.54% also close to 29 month lows). With the backdrop that no harm can ever come to another government, corporate, or high-yield bond ever again, the $660 billion in excess Fed and BoJ liquidity needs to be invested and why not grab the riskiest stuff there is. European stocks ended mixed with Italy and Spain soaring and the rest in the red or unch. Corporate credit rallied, outperforming stocks, but Swiss 2Y rates remained at 3-month lows. Europe, market indications aside, remains very unfixed; but given the leadership's insistence that the market knows best, we assume we should not expect more austerity or belt-tightening as 'investors' are willing to take the bankers' promises as gospel. Just as a reminder - we saw this kind of 'confidence' before in 2011, did not end so well...

China Hasn't "Seen This Gold Rush In 20 Years" Submitted by Tyler Durden on 04/22/2013 \

Complete Hedge Fund Performance Update Submitted by Tyler Durden on 04/22/2013 - Curious how hedge funds are faring against each other and against the market (not too hot)? Then this HSBC hedge fund performance update through mid-April is for you.

Is JPY About To Get The 'Gold' Treatment? Submitted by Tyler Durden on 04/22/2013 - Overnight a number of media types discussed the inevitability of the 100JPY Maginot Line being crossed (the same way they predicted the inevitable breach of USDJPY 100 two weeks ago). It appears a combination of over-size positioning, options barriers, and economic reality has reduced demand for the JPY cross as a carry trade this morning and after testing 99.98 overnight, JPY is crashing higher since the open of the US equity market. It seems while the G-20 closed its eyes and held its nose, the 'market' is not quite so willing. Why should you care about JPY? Because in this 'market' it's all that matters...

Guest Post: The Decline Of Self-Employment and Small Business Submitted by Tyler Durden on 04/22/2013 - The trajectory of self-employment from 1970 to the mid-2000s tracked general economic growth, which was weak in the 1970s but began a 30-year boom in the early 1980s. Things changed in the recession, as the self-employed ranks have lost 1.6 million from the peak in 2007. The number of self-employed has fallen to early 1980s levels. Small business is the incubator of employment. As it declines, so too do opportunities for first jobs, second chances and economic independence.

US Macro Data Plunges To 5-Month Low Submitted by Tyler Durden on 04/22/2013 - In the last few weeks, US macro data has missed expectant extrapolated hope expectations time after time. The deterioration has been very rapid, starting around the third week of March, and has plunged to the worst levels since the ubiquitous equity rally began in November 2012. Combined with dismal micro- performance (and outlooks) from the likes of IBM, GE, and CAT, is there any doubt that this 'market' is disconnected not just from current reality but that 'priced-in' hopes for a hockey-stick-recovery seem improbable at best and exuberant at worst?

Merkel To Europe: "Prepare To Cede Sovereignty" Submitted by Tyler Durden on 04/22/2013 \

Arizona Set To Use Gold & Silver As Currency Submitted by Tyler Durden on 04/22/2013

Frontrunning: April 22

Submitted by Tyler Durden on 04/22/2013

Turn to Religion Split Bomb Suspects' Home (WSJ)

The propaganda is back for the 4th year in a row: Spring Swoon Sequel No Reason for Economic Growth Scare in U.S. (BBG)

Bernanke Jackson Hole Absence Contrasts With Greenspan Adulation (BBG)

Large economies promise to boost growth (FT)

Tata Faces Crisis as $20 Billion Spent on Water (BBG)

U.S. Eyes Pushback On China Hacking (WSJ)

Fed's Bernanke sees no U.S. inflation risks: Nowotny (Reuters)

Austerity on Trial With U.S. Versus Europe Amid New Evidence (BBG)

Eurozone anti-austerity camp on the rise (FT)

Spain Aims to Soften Budget Cuts (WSJ)

Japan's Aso Calls Recovery 'Few Years' Away (WSJ)

BOJ Said to Consider Price Forecast Upgrade (WSJ)

MeSSaGe To Mr KRuGMaN... Posted by : williambanzai7 Post date: 04/19/2013 - From Chinese Gold Exchange... http://albertpeia.com/feddykrugerands.htm

History Tells Us That A Gold Crash + An Oil Crash = Guaranteed Recession

http://albertpeia.com/goldcrashplusoilcrashequalsrecession.htm

Suspicious Photo of Gold-Bomber ben… by williambanzai7The Limerick King http://albertpeia.com/suspicioushelicopterbenphoto.htm

…The Takedown Of Gold A Sign That The Entire Global Financial System Is About To Crash … ?

http://albertpeia.com/globalfinancialsystemcrash.htm

‘…So who is behind all of this orchestration?  Well, according to Dr. Paul Craig Roberts, it is actually the Federal Reserve... The Federal Reserve began its April Fool’s assault on gold by sending the word to brokerage houses, which quickly went out to clients, that hedge funds and other large investors were going to unload their gold positions and that clients should get out of the precious metal market prior to these sales. As this inside information was the government’s own strategy, individuals cannot be prosecuted for acting on it. By this operation, the Federal Reserve, a totally corrupt entity, was able to combine individual flight with institutional flight. Bullion prices took a big hit, and bullishness departed from the gold and silver markets. The flow of dollars into bullion, which threatened to become a torrent, was stopped. In fact, Dr. Roberts says that former Goldman Sachs trader Andrew Maguire is reporting that the Fed orchestrated the dumping of 500 tons of naked gold shorts into the market on Friday... According to Andrew Maguire, on Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale. If he doesn’t have the item, he borrows it from someone who does, putting up cash collateral equal to the current market price. Then he sells the item, waits for it to fall in price, buys it back at the lower price and returns it to the owner who returns his collateral. If enough shorts are sold, the result can be to drive down the market price. As Dr. Roberts noted, this represents an absolutely massive amount of gold... Consider the 500 tons of paper gold sold on Friday. Begin with the question, how many ounces is 500 tons? There are 2,000 pounds to one ton. 500 tons equal 1,000,000 pounds. There are 16 ounces to one pound, which comes to 16 million ounces of short sales on Friday. Who has 16 million ounces of gold? At the beginning gold price that day of about $1,550, that comes to $24,800,000,000. Who has that kind of money? … A WHOLE LOT OF PEOPLE NEED TO BE CRIMINALLY INVESTIGATED. Meanwhile, many are considering this takedown of gold to be an ominous sign that another major financial crisis may be heading our way. Just remember what happened back in 2008.  As Zero Hedge noted on Monday, the price of gold suddenly plunged 21 percent in July 2008.  That was just a couple of months before the U.S. stock market crashed in the fall...’

El-Erian's Summary: "Virtually Every Market Is Trading At Very Artificial Levels"Submitted by Tyler Durden on 04/16/2013 - "In order for central banks to achieve their ultimate economic objective - which is growth and jobs - they have to push investors into taking more risk than is justified," is the somewhat chilling warning that PIMCO's Mohamed El-Erian gives in this excellent interview with the WSJ. "Central banks are operating through the wealth effect and animal spirits," El-Erian says peeling back the truth onion, as they prop up asset prices to "artificial levels, in virtually every market." Worries over the central bankers of the world withdrawing easy money policies too early are "unwarranted," he notes, adding that he suspects, "they will most likely stay too long and they will consciously make that mistake." Critically, though, he sends a message that appears to fit with many of our recent discussions (most recently here) that "if these levels aren’t validated by the fundamentals, then investors will get hurt."

MarketWatch Paul B. Farrell America needs a new war Commentary: Any one of these 10 flash points could trigger it, saving capitalism from itself. { I’m really disappointed by this article and will no longer follow or post links to farrell’s articles. Even if in jest, an exercise in sarcasm, or sophistry at its worst, such position is so absolutely uncivilized and in such poor taste and without any intellectual foundation that I must wonder how MarketWatch hasn’t really ‘watched’. I want to know what wars farrell’s fought in, or how many of his own children have died in same. I’m staunchly against communism which I’ve made no secret; but if farrell’s specious reasoning was correct (it’s not, economically and otherwise, but quite Orwellian), I honestly would then say, ‘Let capitalism die’! }

HeaDS I WiN... by: williambanzai7 http://albertpeia.com/headsiwin.htm

QE TiTaNiC 2013... by: williambanzai7 http://albertpeia.com/benusstitanicqeedkoed.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

4-19-13

10 Signs The Takedown Of Paper Gold Has Unleashed An Unprecedented Global Run On Physical Gold And Silver

http://theeconomiccollapseblog.com

http://albertpeia.com/globalrunonphysicalgoldsilver.htm

MeSSaGe To Mr KRuGMaN... Posted by : williambanzai7 Post date: 04/19/2013 - From Chinese Gold Exchange... http://albertpeia.com/feddykrugerands.htm

Aftermath Of A Bubble And What Rises From The Ashes Posted by: testosteronepit Post date: 04/19/2013 - Participants don’t see them. Outsiders shake their heads, until they get sucked in. Central banks create them, but deny their existence. Risks no longer exist. Take natural gas.

Gold Bear Market or Physical Gold Discount Sale?? Posted by: Sprott Group Post date: 04/19/2013 - Back in 1980, just as the gold price blasted upwards past $800/oz, buyers reportedly lined up in droves at various bullion dealers to participate in the rally. Investment analyst Jay Taylor writes, “...

The Complete Boston Bombing And Manhunt Infographic Submitted by Tyler Durden on 04/19/2013 - The last five days in and around Boston have been dismal and chaotic. From the real-time video of the horror to the news media one-upmanship and from bombing to manhunt, this infographic clarifies how far we have come... http://albertpeia.com/bostonbombing.jpg

Police Surround House Where Dzhokar Tsarnaev Is Hiding - Live Feed And Police Scanner Submitted by Tyler Durden on 04/19/2013

A Potential "Boston Bomber" Getaway Car? Submitted by Tyler Durden on 04/19/2013 - It was reported previously that police were on the hunt for a Honda CRV, allegedly a car belonging to a potential Boston suspect. Shortly thereafter the car was found, but not the suspect. However, we wonder if the Boston police and the Feds, still looking for Dzhokhar Tsarnaev, who by now has likely left the immediate crime scene, are aware that the suspect had what appears to be another car, a new, black Chevrolet Camaro, Mass license plate 649VC8, one which we have found on the suspect's twitter stream about he was boasting as recently as March 15th, and which we have not seen mentioned in either the mainstream or fringe press yet.

John Hussman: The Importance Of Understanding The Tenuous Equilibria Of The Markets Submitted by Tyler Durden on 04/19/2013 - Our financial markets actually have a natural equilibrium state that is far removed from where they are today. But interfering monetary policy (e.g. QE) and delusional fiscal policy have pulled the system away from its authentic state, to the point now where the forces to correct are placing growing strain on the status quo. As the system seeks to return to where it should naturally be, the yields that the Fed is so desperately trying to engineer are going to become less in size and number. Investors need to realize that much of the "growth" the Fed is trying to return to was manufactured and unnatural. We are returning to a lower-growth environment, whether we want to or not.

Boston Bomber Tweeting In August 2012: "Boston Marathon Isn't A Good Place To Smoke" Submitted by Tyler Durden on 04/19/2013

The Week That Was: April 15th-19th 2013 Submitted by Tyler Durden on 04/19/2013 - Succinctly summarizing the positive and negative news, data, and market events of the week...

US Equities Slump To Worst Week In 5 Months Submitted by Tyler Durden on 04/19/2013 - This week saw the largest plunge in US macro data in 11 weeks pushing us back towards the lowest levels since August. Fundamentals (macro and also micro- earnings) did have some impact - with stocks having their worst week in 5 months (but the S&P managed to bounce off its 50DMA) and despite carnage in its largest components, the Dow gained 10 points (of which -150 points were from IBM, GE, and MCD). Today saw a small recovery bounce amid low volumes driven by JPY weakness (testing back up toward 100 post G-20 silliness) and VIX compression as macro overlays were lifted and positions reduced. Gold gained on the day but silver lagged ending the week -5.5% and -11% respectively, with the USD gaining 0.77% on the week (as JPY weakened almost 400 pips off its Monday night highs). Treasuries traded in a 4-6bps range all week (and flow was quiet) but the long-end ended lower in yield by 2-4bps.

Fed Governor Stein Warns When A TBTF Bank Fails, Depositors Will Be Cyprus'ed Submitted by Tyler Durden on 04/19/2013 - "Perhaps more to the point for TBTF, if a SIFI does fail I have little doubt that private investors will in fact bear the losses--even if this leads to an outcome that is messier and more costly to society than we would ideally like. Dodd-Frank is very clear in saying that the Federal Reserve and other regulators cannot use their emergency authorities to bail out an individual failing institution. And as a member of the Board, I am committed to following both the letter and the spirit of the law."

RANsquawk Weekly Wrap - 19th April 2013 Submitted by RANSquawk Video on 04/19/2013

G-20 Releases Statement On Japanese Devaluation (But Nobody Mention The Yen)Submitted by Tyler Durden on 04/19/2013 - Two days in Washington D.C. kept caterers busy but produced a 2,126 word communique long on slogans and short on anything actionable. The G-20 statement (below) can be boiled down simply, as we tweeted, And just to add one more embarrassing detail for them, while section 4 discusses "Japan's recent policy actions," not only does Canada's finance minister James Flaherty believe they "didn't discuss the Japanese Yen," but Japan's Kuroda believes, comments on 'misalignments', "were not meant for the BoJ."

Earnings Update: Just Five (Plus One) Charts - A Complete Disaster Submitted by Tyler Durden on 04/19/2013 - So far, 91 companies have reported 1Q results (28% of total S&P 500 market capitalization). 37% of companies reporting have beaten earnings estimates (below the historical average of 47%) and 13% have missed estimates (vs. average of 15%). The average EPS surprise has been 3.4%, below the 4.8% historical average. Excluding Financials, there are similar positive surprises (37%) and similar negative surprises (13%). Excluding Financials and Utilities, 21% of companies reporting have beaten sales estimates (below the historical average of 38%) and 24% have missed estimates (vs. average of 18%). The average revenue surprise has been -0.1%, below the 1.3% historical average. In short, things are not going according to plan - though we assume this just means the Q4-fantasy-hockey-stick explosion of revenues, earnings, and margins will just get bigger.

Chinese Gold Exchange Sold Out - Begins Importing From Switzerland Submitted by Tyler Durden on 04/19/2013 - Hong Kong’s Chinese Gold & Silver Exchange Society has been in operations for over a century, and it’s President Haywood Cheung was interviewed by Bloomberg news earlier today.  Whoever orchestrated the attack on gold and silver in the last week or so has gravely miscalculated, since the response to the drop has been surging demand for physical gold and silver.  While I tend to be skeptical when I hear about silver shortages since these reports have been so exaggerated in the past, the lack of silver coin availability and premiums are the most extreme I have seen since the financial and economic meltdown of 2008.  Now we discover that the Chinese Gold & Silver Exchange Society has essentially sold out of gold bullion, and must wait until Wednesday for shipments to arrive from Switzerland and London.

What Have We Got To Look Forward To? Submitted by Tyler Durden on 04/19/2013 - As another woeful week wends to a weary close... what we got to look forward to? Although markets appeared to be shooting off in every direction, we do expect we'll see clearer direction soon. Despite the noisy criticism earlier this week of Yen "competitive" devaluation, the G20 meeting said nothing. We suspect certain individuals were quietly sat in the comfy chair, had global reality gently explained to them with the aid of some rusty dental equipment, were slapped around a bit and told to shut it. As long as Japan can sign the pledge on “no competitive depreciation” without giggling we’ll be ok. We do suspect the warmest circle of financial hell is being reserved for those populist European politicians who've tried to appeal to voters with efforts to stem the financial tides, and punished markets for being markets.

Chechen President Statement On Boston Bombers: "Seek The Roots Of Their Evil Inside America" Submitted by Tyler Durden on 04/19/2013 - 13:14 Chechen president Ramzan Kadyrov: "Tragic events took place in Boston. As a result of the blast people were killed. Previously, we expressed out condolences to the people of the city, and the people of America. Today, as reported by the media, during his arrest attempt, a Tsarnaev was killed. It would be logical, for him to be detained and investigated, and all the circumstances and degrees of his guilt uncovered. Apparently, the special services needed a result at any cost to calm down society. Any attempts to make a connection between Chechnya and Tsarnaevs, even if they are guilty, are in vain. They grew up in the United States, their attitudes and beliefs were formed there. It is necessary to seek the roots of evil in America. The whole world should fight terrorism. We know this better than anyone else. We wish a recovery to all the victims and share the Americans' sense of sorrow."

Frontrunning: April 19

Submitted by Tyler Durden on 04/19/2013

Police Searching for 19-Year-Old Boston Bombing Suspect (BBG)

Mayhem Erupts in Boston After MIT Campus Officer Slain (BBG)

Elvis Impersonator Accused of Ricin Letters Sowing Fear (BBG)

Blackstone Pulls Out of Dell Bid on Rapidly Falling PC Sales (BBG)

Before Texas plant exploded: What did regulators know? (Reuters)

Aso Says Japan Policy Unopposed at G-20 Meeting as Yen Falls (BBG)

Bipartisan pair target $2.5tn US savings (FT)

Plan for new Cyprus vote casts uncertainty on bailout (Cyprus Mail)

Ireland picks through debtors’ lifestyles (FT)

RANsquawk EU Market Re-Cap - 19th April 2013Submitted by RANSquawk Video on 04/19/2013

History Tells Us That A Gold Crash + An Oil Crash = Guaranteed Recession

http://albertpeia.com/goldcrashplusoilcrashequalsrecession.htm

Suspicious Photo of Gold-Bomber ben… by williambanzai7The Limerick King http://albertpeia.com/suspicioushelicopterbenphoto.htm

…The Takedown Of Gold A Sign That The Entire Global Financial System Is About To Crash … ?

http://albertpeia.com/globalfinancialsystemcrash.htm

‘…So who is behind all of this orchestration?  Well, according to Dr. Paul Craig Roberts, it is actually the Federal Reserve... The Federal Reserve began its April Fool’s assault on gold by sending the word to brokerage houses, which quickly went out to clients, that hedge funds and other large investors were going to unload their gold positions and that clients should get out of the precious metal market prior to these sales. As this inside information was the government’s own strategy, individuals cannot be prosecuted for acting on it. By this operation, the Federal Reserve, a totally corrupt entity, was able to combine individual flight with institutional flight. Bullion prices took a big hit, and bullishness departed from the gold and silver markets. The flow of dollars into bullion, which threatened to become a torrent, was stopped. In fact, Dr. Roberts says that former Goldman Sachs trader Andrew Maguire is reporting that the Fed orchestrated the dumping of 500 tons of naked gold shorts into the market on Friday... According to Andrew Maguire, on Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale. If he doesn’t have the item, he borrows it from someone who does, putting up cash collateral equal to the current market price. Then he sells the item, waits for it to fall in price, buys it back at the lower price and returns it to the owner who returns his collateral. If enough shorts are sold, the result can be to drive down the market price. As Dr. Roberts noted, this represents an absolutely massive amount of gold... Consider the 500 tons of paper gold sold on Friday. Begin with the question, how many ounces is 500 tons? There are 2,000 pounds to one ton. 500 tons equal 1,000,000 pounds. There are 16 ounces to one pound, which comes to 16 million ounces of short sales on Friday. Who has 16 million ounces of gold? At the beginning gold price that day of about $1,550, that comes to $24,800,000,000. Who has that kind of money? … A WHOLE LOT OF PEOPLE NEED TO BE CRIMINALLY INVESTIGATED. Meanwhile, many are considering this takedown of gold to be an ominous sign that another major financial crisis may be heading our way. Just remember what happened back in 2008.  As Zero Hedge noted on Monday, the price of gold suddenly plunged 21 percent in July 2008.  That was just a couple of months before the U.S. stock market crashed in the fall...’

El-Erian's Summary: "Virtually Every Market Is Trading At Very Artificial Levels"Submitted by Tyler Durden on 04/16/2013 - "In order for central banks to achieve their ultimate economic objective - which is growth and jobs - they have to push investors into taking more risk than is justified," is the somewhat chilling warning that PIMCO's Mohamed El-Erian gives in this excellent interview with the WSJ. "Central banks are operating through the wealth effect and animal spirits," El-Erian says peeling back the truth onion, as they prop up asset prices to "artificial levels, in virtually every market." Worries over the central bankers of the world withdrawing easy money policies too early are "unwarranted," he notes, adding that he suspects, "they will most likely stay too long and they will consciously make that mistake." Critically, though, he sends a message that appears to fit with many of our recent discussions (most recently here) that "if these levels aren’t validated by the fundamentals, then investors will get hurt."

MarketWatch Paul B. Farrell America needs a new war Commentary: Any one of these 10 flash points could trigger it, saving capitalism from itself. { I’m really disappointed by this article and will no longer follow or post links to farrell’s articles. Even if in jest, an exercise in sarcasm, or sophistry at its worst, such position is so absolutely uncivilized and in such poor taste and without any intellectual foundation that I must wonder how MarketWatch hasn’t really ‘watched’. I want to know what wars farrell’s fought in, or how many of his own children have died in same. I’m staunchly against communism which I’ve made no secret; but if farrell’s specious reasoning was correct (it’s not, economically and otherwise, but quite Orwellian), I honestly would then say, ‘Let capitalism die’! }

HeaDS I WiN... by: williambanzai7 http://albertpeia.com/headsiwin.htm

QE TiTaNiC 2013... by: williambanzai7 http://albertpeia.com/benusstitanicqeedkoed.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

4-18-13

History Tells Us That A Gold Crash + An Oil Crash = Guaranteed Recession

http://theeconomiccollapseblog.com

http://albertpeia.com/goldcrashplusoilcrashequalsrecession.htm

Suspicious Photo of Gold-Bomber ben… by williambanzai7The Limerick King http://albertpeia.com/suspicioushelicopterbenphoto.htm

…The Takedown Of Gold A Sign That The Entire Global Financial System Is About To Crash … ?

http://albertpeia.com/globalfinancialsystemcrash.htm

‘…So who is behind all of this orchestration?  Well, according to Dr. Paul Craig Roberts, it is actually the Federal Reserve... The Federal Reserve began its April Fool’s assault on gold by sending the word to brokerage houses, which quickly went out to clients, that hedge funds and other large investors were going to unload their gold positions and that clients should get out of the precious metal market prior to these sales. As this inside information was the government’s own strategy, individuals cannot be prosecuted for acting on it. By this operation, the Federal Reserve, a totally corrupt entity, was able to combine individual flight with institutional flight. Bullion prices took a big hit, and bullishness departed from the gold and silver markets. The flow of dollars into bullion, which threatened to become a torrent, was stopped. In fact, Dr. Roberts says that former Goldman Sachs trader Andrew Maguire is reporting that the Fed orchestrated the dumping of 500 tons of naked gold shorts into the market on Friday... According to Andrew Maguire, on Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale. If he doesn’t have the item, he borrows it from someone who does, putting up cash collateral equal to the current market price. Then he sells the item, waits for it to fall in price, buys it back at the lower price and returns it to the owner who returns his collateral. If enough shorts are sold, the result can be to drive down the market price. As Dr. Roberts noted, this represents an absolutely massive amount of gold... Consider the 500 tons of paper gold sold on Friday. Begin with the question, how many ounces is 500 tons? There are 2,000 pounds to one ton. 500 tons equal 1,000,000 pounds. There are 16 ounces to one pound, which comes to 16 million ounces of short sales on Friday. Who has 16 million ounces of gold? At the beginning gold price that day of about $1,550, that comes to $24,800,000,000. Who has that kind of money? … A WHOLE LOT OF PEOPLE NEED TO BE CRIMINALLY INVESTIGATED. Meanwhile, many are considering this takedown of gold to be an ominous sign that another major financial crisis may be heading our way. Just remember what happened back in 2008.  As Zero Hedge noted on Monday, the price of gold suddenly plunged 21 percent in July 2008.  That was just a couple of months before the U.S. stock market crashed in the fall...’

El-Erian's Summary: "Virtually Every Market Is Trading At Very Artificial Levels"Submitted by Tyler Durden on 04/16/2013 - "In order for central banks to achieve their ultimate economic objective - which is growth and jobs - they have to push investors into taking more risk than is justified," is the somewhat chilling warning that PIMCO's Mohamed El-Erian gives in this excellent interview with the WSJ. "Central banks are operating through the wealth effect and animal spirits," El-Erian says peeling back the truth onion, as they prop up asset prices to "artificial levels, in virtually every market." Worries over the central bankers of the world withdrawing easy money policies too early are "unwarranted," he notes, adding that he suspects, "they will most likely stay too long and they will consciously make that mistake." Critically, though, he sends a message that appears to fit with many of our recent discussions (most recently here) that "if these levels aren’t validated by the fundamentals, then investors will get hurt."

Guest Post: How Does This End? Submitted by Tyler Durden on 04/18/2013 - The fleecing of the American public continues. The theft takes different forms, but it all serves one purpose — to transfer wealth from the average Joe to the crony corporatists and their political lackeys. Capitalism and free markets depend upon trust, integrity, property rights and the rule of law. Without these, there are no advantages to free markets. Nor are there any incentives to create wealth. Instead, an economy becomes little more than a massive plunder scheme where the powerful exploit the weak. No economic recovery is possible under such circumstances. Historians judge that it took Rome almost two hundred years to die. The US is in similar position. Unless you believe in the miracle of sovereign resurrection, the US is over. The coroner-historians have not pronounced death yet, but they, like with Rome, are behind the curve. This dead man too will eventually fall down.

Philly Fed Is Latest Economic Miss: Number of Employees Dumps, Inventories Plunge Submitted by Tyler Durden on 04/18/2013 - Hardly anyone will be surprised to learn that moments ago we just got the latest disappointing economic indicator for an economy that is clearly accelerating in its deterioration. As expected, the April Philly Fed was the latest economic indicator miss, printing at 1.3, down from last month's 2.0, and below expectations of am increase to 3.0. And while the key New Orders reverted back into negative territory after one brief month positive, it was the other components of the Index that a far more pronounced deterioration, namely the Number of Employees which dumped from 2.7 to -6.8, the biggest drop since May 2012, boding ill for the upcoming April NFP number, as well as the Inventories which plunged from 0.0 to -22.2, which means downward Q1 GDP revisions will be forthcoming from every side momentarily as the Wall Street lemmings are forced to resume trimming their exuberance once more just like in 2012... and 2011... and 2010.

Initial Claims Snoozer, Just Higher Than ExpectedSubmitted by Tyler Durden on 04/18/2013 - In perhaps the most boring initial claims release in a long time, the DOL revealed that in the week ending April 13, there were 352,000 new unemployment insurance claims, an increase of 4,000 from the prior week (naturally revised higher from 346K to 348K), and a slight miss of expectations of 350K. So far in 2013, there have been 8 misses and 7 beats of the expected claims number. The DOL also added that two states' claims were estimated in the past week: of course, if these were California and Illinois, one would imagine reality to be quite different than what is reported but who really cares about reality any more.

When Gold And Stocks De-Correlate Submitted by Tyler Durden on 04/18/2013 - The structural collapse in paper gold prices has been met a seeming 'money-on-the-sidelines' flourish of investors looking to buy the physical asset. However, when asset relationships break-down so significantly, as gold and stocks have in the past 90 days, one has to take a step back and think "what changed?" As the chart below shows, the last time the correlation between stocks and gold was this negative, things did not end so well for the high-valuation equity momentum chasers...

S&P Breaks Key Trendline For First Time In 2013 As Tech Earnings Disappoint Submitted by Tyler Durden on 04/18/2013 - Despite the ubiquitous last-hour rampalooza, the S&P 500 was unable to close back above its 50-day moving average. This is the first close below this key price level in 2013 as high-beta Tech (AAPL) and Homebuilders underperformed notably (on the day and week) and stocks are below Cyprus levels (and marginally above Italian election levels). VIX pushed back above 18% for the first time in 7 weeks (for its biggest spike since the Italian elections). Volume was above average and average trade size was low (suggesting no capitulation yet). Away from stocks, markets were remarkably subdued. Treasuries traded in a narrow 3bps range and closed unchanged (though stocks are catching down). The USD closed practically unchanged from yesterday's US close. Credit markets tracked lower with stocks (though the HY ETF held up). Commodities generally drifted higher (aside from Silver) with WTI up 2% on the day amid Syrian headlines. This is worst 5-day slump in 5 months.

Goldman Confirms Slowdown Accelerating Submitted by Tyler Durden on 04/18/2013 - Two weeks ago we showed the notable cyclical collapse in Goldman Sachs' business cycle 'Swirlogram', due to a combination of downward revisions in over-adjusted data and actual economic decline. The latest 'swirlogram' shows that the situation has gone from bad to worse. While hope remains due to strength in AUD and CAD (commodity) currencies, Consumer confidence, global PMIs, and Industrial metals have all worsened significantly pushing the Global Leading Indicator momentum down notably. The next key indicators Goldman are watching are Belgian and Dutch manufacturing, Japanese Industrial Production Inventory/Sales, and Korean exports and they remain cautious of the increasing fiscal drag in the US.

In The Past 48 Hours, AAPL Has Lost More In Market Cap Than All Of... Submitted by Tyler Durden on 04/18/2013 - In the last 48 hours, everyone's beloved stock - AAPL - has lost around $35 billion in market capitalization. That is larger than the entire market capitalization of these large-cap companies...

Photos And Video Of Boston Bombing Suspects ReleasedSubmitted by Tyler Durden on 04/18/2013 - Moments ago the FBI released on its website, which was promptly DDOSed, pictures and a video clip of the two Boston Bombing suspects. Both appear Caucasian. The pics are attached below. The FBI is requesting tips from anyone who has information on these people of interest.

Reuters Releases George Soros Obituary By Mistake: "Enigmatic Financier, Liberal Philanthropist Dies At XX" Submitted by Tyler Durden on 04/18/2013 - First CNN, then AP, now Reuters: the entire media is increasingly starting to look like amateur hour. Unless, of course, Soros is like Osama, and had several "reincarnated" body doubles, with the original specimen long gone. Here is our suggestion for another prepared article: "Today after XX centuries of monetizing debt, the Emperor of the Galactic Central Bank, Gaius Maximum Printius Bernankius the DCLXVI^th, ended QE in the year of the alien invasion, XXXXX. Bread costs XXXXXXXXXXX."

Guest Post: Unintended Consequences Are Increasing World Demand For Gold Submitted by Tyler Durden on 04/18/2013 - With the financial experts claiming, some gleefully, that gold has "lost its safe haven status" in the aftermath of its biggest tumble in 30 years, many commentators thought (hoped?) that the dramatic price drop would steer people away from gold ownership. To my eyes, the past week has all the earmarks of a high-gloss propaganda campaign complete with well-placed anti-gold stories in the media and the careful use of language aimed at sowing doubt about gold's ability to be a store of wealth. But for those who consider gold a store of value, the recent gold slam is a gift: an invitation to purchase more sound money with fewer units of paper currency. In other words, a sweet deal.  Gold and silver on sale and the world is taking advantage.

Boston Marathon Bombing FBI Press Conference - Live Stream Submitted by Tyler Durden on 04/18/2013 - With CNN not reporting anything (or retracting anything), we hope the FBI can clean up some of the 'facts' with regard the terrorist attack on Boston.

The Euro Legacy: In Greece, Children Pick Through Trash Cans For Food Submitted by Tyler Durden on 04/18/2013 - "We have reached a point where children are coming to school hungry," as with an estimated 10% of Greek elementary and middle school students suffering from 'food insecurity', the troubled nation has fallen to the level of some African countries. As the NY Times reports, unlike the US, Greek schools do not offer subsidized cafeteria lunches. Exacerbated by the austerity measures including cuts in subsidies for larger families, the cost has become insurmountable for many. With 26% of Greek households on an 'economically weak diet', children are starting to steal for food and picking through trash cans as they proclaim, "our dreams are crushed." What is frightening is the speed at which it is happening, "a year ago it wasn't like this," as one family talks of the 'cabbage-based diet' which it supplements by foraging for snails in nearby fields. Programs are being started to help from wealthier Greeks, but as one parent said, "unless the EU acts, we're done for."

Big Ööps: Deutsche Börse Says "Flash Crash Can't Happen Here" A Week Before German Flash Crash Submitted by Tyler Durden on 04/18/2013 - Yesterday, courtesy of Nanex, we provided a close look into the internals of the flash crash that took place in yesterday's trading session of German stocks. What was made obvious, is that this crash happened as a result of the same sudden liquidity vacuum that took place in May 2010 in the NYSE, when the DJIA plunged by 1000 points on a surge in offers and no bids, leading to the infamous original flash crash (about which we warned in April of 2009 of course) crushing the market, before a mysterious buying power emerged out of nowhere and returned it to an almost unchanged level. What we did not know, and what makes yesterday's German mini crash both delightfully ironic and supremely humiliating to the largest German stock exchange operator, the Deutsche Börse, is that it was less than one short weeks ago that the very same Deutsche Börse, in a direct reply to Nanex itself, stated that what we witnessed on Wednesday night couldn't possibly happen. Six days later, it did.

Frontrunning: April 18

Submitted by Tyler Durden on 04/18/2013

Apple reportedly stops placing Mac component orders (DigiTimes)

Apple Ordered to Remove Obscene Content From China Store (BBG)

Texas Ammonia-Plant Blast Kills as Many as 15 People (Reuters)

Boston Probe Said Focused on Person Dropping Bag at Site (BBG)

The Chinese cold trade war comes come to roost: US becomes Japan’s top export market (FT)

Berlusconi, Bersani back Marini in presidential vote (Ansa)

German parliament backs Cyprus bailout (Reuters)

China Vows Wider Yuan Movement (WSJ)

Morgan Stanley Sees Core Earnings Weaken (WSJ)

Gold Miners Lose $169 Billion as Price Slump Adds ETF Pain (BBG)

G-20 Draft Affirms Pledge to Avoid Competitive Devaluations (BBG)

IMF warns on risks of excessive easing (FT)

The battle for the Swiss soul (Reuters)

MarketWatch Paul B. Farrell America needs a new war Commentary: Any one of these 10 flash points could trigger it, saving capitalism from itself. { I’m really disappointed by this article and will no longer follow or post links to farrell’s articles. Even if in jest, an exercise in sarcasm, or sophistry at its worst, such position is so absolutely uncivilized and in such poor taste and without any intellectual foundation that I must wonder how MarketWatch hasn’t really ‘watched’. I want to know what wars farrell’s fought in, or how many of his own children have died in same. I’m staunchly against communism which I’ve made no secret; but if farrell’s specious reasoning was correct (it’s not, economically and otherwise, but quite Orwellian), I honestly would then say, ‘Let capitalism die’! }

HeaDS I WiN... by: williambanzai7 http://albertpeia.com/headsiwin.htm

QE TiTaNiC 2013... by: williambanzai7 http://albertpeia.com/benusstitanicqeedkoed.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

11 Economic Crashes That Are Happening RIGHT NOW

http://albertpeia.com/11economiccrasheshappeningnow.htm

Who Gave North Korea Nukes In The First Place? Paul Joseph Watson | The U.S. government and the CIA. http://albertpeia.com/usgavenokoreanukes.htm

The Illusion of Toothless Sharks Harry Dent http://albertpeia.com/illusionoftoothlesssharks.htm

Guest Post: Don't Ask - It's Magic! Submitted by Tyler Durden on 04/12/2013 - "Any sufficiently advanced cartel's actions are indistinguishable from magic." http://albertpeia.com/magictillcrashreality.htm

ASiA AND THe GLoBaL MaNDeLBRoT SeT... Posted by: williambanzai7 Post date: 04/12/2013 - Some of you might find some of these images disturbing or even exciting... http://albertpeia.com/madamkimbo.htm

Marketwatch 4 reasons you can’t trust earnings numbers Paul B. Farrell No reason for stock optimism
Commentary: You know theearnings books are cooked but your brain gets misguided anyway. 4 strategies for the coming crash Paul B. Farrell … The market sinks deep into its third bear of the 21st century. Wall Street loses another $10 trillion of our retirement money… http://albertpeia.com/4strategiesforcomingcrash.htm

As Long As You Never Use It… It’s a Great Deal http://survive-prosper.com http://albertpeia.com/greatdisconnectandgreatdealsnot.htm

Breaking Bad Durden - With earnings season underway, perhaps pulling back to 30,000 feet is worthwhile to glance at the macro environment that is backing these new all-time high nominal stock prices. These six charts say it all... http://albertpeia.com/breakingbad.htm

The Tunnel People That Live Under The Streets Of America

http://albertpeia.com/tunnelpeopleofamerica.htm

Marketwatch 4 reasons you can’t trust earnings numbers Paul B. Farrell No reason for stock optimism
Commentary: You know theearnings books are cooked but your brain gets misguided anyway. 4 strategies for the coming crash Paul B. Farrell … The market sinks deep into its third bear of the 21st century. Wall Street loses another $10 trillion of our retirement money… http://albertpeia.com/4strategiesforcomingcrash.htm

As Long As You Never Use It… It’s a Great Deal http://survive-prosper.com http://albertpeia.com/greatdisconnectandgreatdealsnot.htm

Breaking Bad Durden - With earnings season underway, perhaps pulling back to 30,000 feet is worthwhile to glance at the macro environment that is backing these new all-time high nominal stock prices. These six charts say it all... http://albertpeia.com/breakingbad.htm

The Tunnel People That Live Under The Streets Of America

http://albertpeia.com/tunnelpeopleofamerica.htm

MarketWatch A 1998 danger signal resurfaces Michael Casey Commentary: As the yen slides, events of October 1998 should serve as a warning to markets.

The Little Boys Who Can’t Harry Dent http://survive-prosper.com http://albertpeia.com/littleboyswhocant.htm

BiT BuBBLe MaDNeSS... Posted by : williambanzai7 Post date: 04/10/2013 - Good ideas are not impervious to the madness of crowds.--WB7 http://albertpeia.com/bitbubblemadness.htm

A LeVeL PLaYiNG FieLD... Posted by: williambanzai7 Post date: 04/10/2013 - Tilted to the victors and... http://albertpeia.com/fraudcorruptionspoils.htm

Fed Releases Names Of Early FOMC Minutes Recipients: Include Employees Of Goldman, Barclays, JPM, Law And PE Firms Submitted by Tyler Durden on 04/10/2013 - We will release the full list of named recipients once we get it, but here is what we now for now, via BBG and CNN: *EMPLOYEES AT GOLDMAN SACHS, BARCLAYS, JP MORGAN, CITI, NOMURA, UBS, HSBC RECEIVED FED MINUTES EARLY YESTERDAY *MOST OF THE BANK EMPLOYEES APPEAR TO WORK IN GOVERNMENTAL RELATIONS (Lobbies) *ABA, SIFMA, SENATE STAFFERS RECEIVED FED MINUTES EARLY *FED NAMES 154 RECIPIENTS OF EARLY RELEASE OF FOMC MINUTES *FED MINUTES SENT EARLY TO BANKS, LAW FIRMS, PRIVATE EQUITY *FED EARLIER SAID RELEASE WENT MAINLY TO CONGRESS, TRADE GROUPS *NONE OF THE PEOPLE ON THE LIST ALERTED THE FED THAT THEY RECEIVED NONPUBLIC INFO A DAY EARLY In other words: absolutely everyone who trades risk assets for a living.

25 Things That You Should Do To Get Prepared For The Coming Economic Collapse

http://albertpeia.com/25thingsprepareforeconomiccollapse.htm

FeDeRaL ReSeRVe DoPe... Posted by : williambanzai7 Post date: 04/09/2013 - And the festival of greater fiat fools... http://albertpeia.com/federalreservedope.htm

Dow Jones At New All Time Highs - Here's Why http://albertpeia.com/allbaddataalltimehighs.htm

More Than 101 Million Working Age Americans Do Not Have A Job

http://albertpeia.com/morethan101millionwojobs.htm

MarketWatch U.S. stocks rise on ‘buy-the-dip’ mentality { Yeah … riiiiight … we’ve heard that one before, along with the Brooklyn bridge, watches, and jersey swampland (post-Sandy) they’re selling! }

THe END oF MF GLoBaL http://albertpeia.com/endofmfglobal.htm

This is the Worst Trade Off – Ever By Harry S. Dent, Jr., Editor, Survive & Prosper http://survive-prosper.com http://albertpeia.com/worsttradeoffever.htm

Where Do The Rich And Poor Live? ZH - From counties with a 50%-plus poverty rate to counties with over 20% of household incomes over $200,000, the United States is increasingly becoming a divided union. But all the time American Idol is on, and the iPad is still running, Aldous Huxley's vision of a 'numb' society (as opposed to an Orwellian 1984 'imposed' utopia) seems more and more realistic. http://albertpeia.com/whererichandpoorlive.htm

All Over America Evangelical Christians Are Being Labeled As “Extremists” And “Hate Groups”

http://albertpeia.com/christianslabeledextremistshategroups.htm

Billionaires are Dumping Stocks http://albertpeia.com/billionairesdumpingstocks.htm

13 SIGMA GODZILLA... Posted by : williambanzai7 Post date: 04/05/2013 - You have your fear which might become reality; and you have Godzilla, which IS reality.--Godzilla 1954 http://albertpeia.com/dezombiemeetsgodzilla.htm

The Chart That Will Crash The Market: “We Have Reached the Terminus” Karl Denninger | The screeching coming from CNBS and elsewhere this morning is amusing. http://albertpeia.com/marketcrashterminus.htm

21 Statistics About The Explosive Growth Of Poverty In America That Everyone Should Know

http://albertpeia.com/21statsexplosivegrowthofuspoverty.htm

BaNZai7'S IN-DePTh CoVeRaGe oF THe KiM CHee STaND OFF... Posted by : williambanzai7 Post date: 04/04/2013 - The days are gone forever, when our enemies could blackmail us with FWMD.--Kim Jong Un http://albertpeia.com/lillkimbo.htm

MarketWatch: BREAKING U.S. stocks end higher on Bank of Japan stimulus { Can you believe this ‘headline’? What total b***s***! All bad news … but there has to be a reason for the manipulated, fraudulent stock market to ralley? How pathetic! }

MarketWatch 4 strategies for the coming crash Paul B. Farrell Commentary: Even a kid in a TV commercial can figure out which solution is best. The Handy Investors Crash Loss Calculator By Paul B. Farrell, MarketWatch SAN LUIS OBISPO Calif. (MarketWatch) — ‘It’s not complicated. Prepare all you want. But the bull ends. The market sinks deep into its third bear of the 21st century. Wall Street loses another $10 trillion of our retirement money. ..’ http://albertpeia.com/4strategiesforcomingcrash.htm

The Big Banks Are Recklessly Gambling With Our Money, And It Will Cause The Global Financial System To Collapse

http://albertpeia.com/banksgamblingwithyourmoney.htm

THE END OF BARACK OBAMA? SCANDAL/ECONOMIC DISASTER BREWING! Porter Stansberry http://albertpeia.com/usobamadisaster.htm

ALERT: All Of The Money In Your Bank Account Could Disappear In A Single Moment

http://albertpeia.com/bankaccountswipedout.htm

A Surprising Number Of Americans Believe In Conspiracy Theories – And Many Of Them Are Actually True

http://albertpeia.com/trueconspiracytheories.htm

STaTe OF THe FiaT FaRCe... Posted by : williambanzai7 Post date: 04/03/2013 - Say what you will, it sure is fun to agitate the fiat worms by saying the word: Bitcoin! http://albertpeia.com/fiatfarce.htm

From North Dakota To New York - Let Freedom Ring In The 50 StatesSubmitted by Tyler Durden on 04/02/2013 - Every two years the 50 states compete for the title of "Most Free State," and George Mason University's Mercatus Center rankings based on 200 factors generalized under Fiscal Policy, Regulatory Policy, and Personal Freedom, provide significant color on just how free (or not) the various states are. New Hampshire was the 'free-est' state in 2011 but fell to 4th this year as North Dakota is 2013's 'free-est' state. New York and California bring up the rear as the least free states but the following clip and charts show just where the freedom is spreading - Georgia, Arizona, and Idaho; and where it is not - Oregon, Kansas, and Colarado. http://albertpeia.com/mostfreestate.htm

A DaNGeRouS BuBBLe... Posted by: williambanzai7 Post date: 04/02/2013 - There is no stock bubble--Mr Bubbles http://albertpeia.com/dangerousbubble.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

4-17-13

SuSPiCiouS PHoTo... Posted by : williambanzai7 Post date: 04/17/2013 - Spotted before the attack on Gold...

MarketWatch Paul B. Farrell America needs a new war Commentary: Any one of these 10 flash points could trigger it, saving capitalism from itself. { I’m really disappointed by this article and will no longer follow or post links to farrell’s articles. Even if in jest, an exercise in sarcasm, or sophistry at its worst, such position is so absolutely uncivilized and in such poor taste and without any intellectual foundation that I must wonder how MarketWatch hasn’t really ‘watched’. I want to know what wars farrell’s fought in, or how many of his own children have died in same. I’m staunchly against communism which I’ve made no secret; but if farrell’s specious reasoning was correct (it’s not, economically and otherwise, but quite Orwellian), I honestly would then say, ‘Let capitalism die’! }

…The Takedown Of Gold A Sign That The Entire Global Financial System Is About To Crash … ?

http://theeconomiccollapseblog.com

http://albertpeia.com/globalfinancialsystemcrash.htm

‘…So who is behind all of this orchestration?  Well, according to Dr. Paul Craig Roberts, it is actually the Federal Reserve... The Federal Reserve began its April Fool’s assault on gold by sending the word to brokerage houses, which quickly went out to clients, that hedge funds and other large investors were going to unload their gold positions and that clients should get out of the precious metal market prior to these sales. As this inside information was the government’s own strategy, individuals cannot be prosecuted for acting on it. By this operation, the Federal Reserve, a totally corrupt entity, was able to combine individual flight with institutional flight. Bullion prices took a big hit, and bullishness departed from the gold and silver markets. The flow of dollars into bullion, which threatened to become a torrent, was stopped. In fact, Dr. Roberts says that former Goldman Sachs trader Andrew Maguire is reporting that the Fed orchestrated the dumping of 500 tons of naked gold shorts into the market on Friday... According to Andrew Maguire, on Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale. If he doesn’t have the item, he borrows it from someone who does, putting up cash collateral equal to the current market price. Then he sells the item, waits for it to fall in price, buys it back at the lower price and returns it to the owner who returns his collateral. If enough shorts are sold, the result can be to drive down the market price. As Dr. Roberts noted, this represents an absolutely massive amount of gold... Consider the 500 tons of paper gold sold on Friday. Begin with the question, how many ounces is 500 tons? There are 2,000 pounds to one ton. 500 tons equal 1,000,000 pounds. There are 16 ounces to one pound, which comes to 16 million ounces of short sales on Friday. Who has 16 million ounces of gold? At the beginning gold price that day of about $1,550, that comes to $24,800,000,000. Who has that kind of money? … A WHOLE LOT OF PEOPLE NEED TO BE CRIMINALLY INVESTIGATED. Meanwhile, many are considering this takedown of gold to be an ominous sign that another major financial crisis may be heading our way. Just remember what happened back in 2008.  As Zero Hedge noted on Monday, the price of gold suddenly plunged 21 percent in July 2008.  That was just a couple of months before the U.S. stock market crashed in the fall...’

El-Erian's Summary: "Virtually Every Market Is Trading At Very Artificial Levels"Submitted by Tyler Durden on 04/16/2013 - "In order for central banks to achieve their ultimate economic objective - which is growth and jobs - they have to push investors into taking more risk than is justified," is the somewhat chilling warning that PIMCO's Mohamed El-Erian gives in this excellent interview with the WSJ. "Central banks are operating through the wealth effect and animal spirits," El-Erian says peeling back the truth onion, as they prop up asset prices to "artificial levels, in virtually every market." Worries over the central bankers of the world withdrawing easy money policies too early are "unwarranted," he notes, adding that he suspects, "they will most likely stay too long and they will consciously make that mistake." Critically, though, he sends a message that appears to fit with many of our recent discussions (most recently here) that "if these levels aren’t validated by the fundamentals, then investors will get hurt."

Stocks Slammed To Worst 4-Day Run Of 2013 Submitted by Tyler Durden on 04/17/2013 - Despite a well-place Nikkei headline (at 3am Japan time) that spooked JPY lower in an effort to ramp stocks, S&P futures closed down around 22 points to cap the worst 4-day high-low swing swince December - unable to break VWAP. Protection was well bid everywhere with VIX once again spiking up to over 17.5% before ending the day up 2.5 vols around 16.5% (implying notably more weakness to come for stocks). The S&P sell-off stalled at the 50DMA - its closest to the mythical Maginot line since the post-fiscal cliff rally began. Treasury yields dropped to 4-month lows at 1.67% before bouncing modestly higher into the close. The USD strengthened as EUR had its worst day in months. Copper and Oil suffered the most as growth fears spread (both pinned together -7.2% from last Thursday). Gold and Silver practically flatlined today (with gold a slight outperformer). Tech and energy struggled on the day but homebuilders are the week's biggest losers for now. S&P volume was 2nd highest of the year as Nasdaq and Trannies plunge back to recent lows.

Farage Unleashed: "You Are Common Criminals" Submitted by Tyler Durden on 04/17/2013 - "Years ago, Mrs Thatcher recognized the truth behind the European Project," UKIP's Nigel Farage reminds his European Parliament 'colleagues', "she saw that it was about taking away democracy from nation states and handing that power to largely unaccountable people." In one of his most wonderfully vitriolic remonstrations, the fiery Farage blasts Europe's leadership, "this European Union is the new communism." Slamming Olli Rehn and his Troika cohorts for "resorting to the level of common criminals and stealing people's money", Farage warns, rather chillingly, that, "it is power without limits. It is creating a tide of human misery and the sooner it is swept away the better." Simply put, he concludes, the European Parliament is living out a federal fantasy which is no longer sustainable.

Egan-Jones Downgrades Germany From A+ To A, Outlook Negative Submitted by Tyler Durden on 04/17/2013 - Synopsis: Chancellor Merkel continues to resist calls for EU bonds (shared liabs.) and money printing and is pushing for fiscal controls and the seniority of bailout funding. Germany is likely to be outvoted by other ECB members and therefore will have greater prospective exposure. Watch for the EFSF and the ESM morphing into banks (thereby depressing eventual recoveries) and a rise in the number of euros. Watch progress on the EU banking union. We used the IMF's data for Germany's debt which is greater than Eurostat's data. Downgrading.

China's Animal Apocalypse Spreads To Dogs Submitted by Tyler Durden on 04/17/2013 - First it was floating dead pigs, then ducks, then black swans, then mass chicken exterminations, then fish, and now more pigs and also a brand new entrant to the Chinese animal apocalypse: dogs. AP reports that hundreds more pigs have been found dead in China - this time together with dozens of dogs. "A total of 410 pigs and 122 dogs were discovered in homes and at farms earlier this week in a village that comes under Yanshi city's jurisdiction in central Henan province, authorities said Wednesday. The city's propaganda office said that the deaths were being investigated but that they suspected they had to do with nearby chemical factories. The factories have been ordered to suspend production and help police with a criminal investigation into the incident, according to a report on a Henan provincial news website."

'Cleanest Dirty Shirt' Or 'Greatest Fool'? Submitted by Tyler Durden on 04/17/2013 - Little comment necessary here except a reminder for US investors that return of capital is a higher priority than return on capital and the divergences are becoming increasingly unsustainable. As investors stare blankly, pointing fingers at gold, we also address what it means when Gold and Treasuries are rallying at the same time...

Bland Beige Book Belies Moderate, Modest, Mild Growth (Again) Submitted by Tyler Durden on 04/17/2013 - Once again the words that dominate the Fed Beige Book are those of underwhelming medicority: *FED SAYS `MODERATE' GROWTH IN U.S. WAS LED BY HOUSING, AUTOS *FED SAYS U.S. CONSUMER SPENDING `GREW MODESTLY' *FED SAYS `PRICE PRESSURES REMAINED MOSTLY SUBDUED' *FED SAYS `EMPLOYMENT CONDITIONS REMAINED UNCHANGED OR IMPROVED' It seems even the Fed is forced to admit that what little 'growth' there is in the US is that funded by zero-cost Federal debt: Housing and Autos. After a few trillion dollars and with stocks at all-time highs, the deafening roar of animal spirits remains subdued... which must mean we need moar... The market's reaction is nothing - reflecting the value of the report's content.

Rick Santelli Asks The $14 Trillion Dollar Question Submitted by Tyler Durden on 04/17/2013 - Two minutes into a somewhat boring pre-close wrap-up, the CNBC guests bring up the glaring revelation that perhaps, just perhaps, the Fed's $85 billion per month (plus the BoJ's exuberance) is not enough. But at three minutes, Rick Santelli dares to ask the question that no one wants to hear the answer to. Addressing questions over what bonds and commodities are telling us, Santelli notes the bubble-blowing tendencies of "re-applying [economic] medicines that don't work and don't take hold," and that the current weakness is deflationary. "Just look at 20-year lows in European car sales... or 13-year lows in China GDP growth," he explains, "you have to delever down to some sort of reality - that's the healing process;" but instead, due to "economic semantics," we "keep doing [building bigger bubbles]." With $14 trillion of central bank balance sheet reflation in place, Rick asks, what if its the "wrong medicine?"

Background Check Amendment Fails To Pass Senate, Gun Control In Tatters: Obama To Make Statement Submitted by Tyler Durden on 04/17/2013 - Following a full court press by the Obama administration, and specifically gun tzar Joe Biden, to legislate "stronger" gun law in the last several months ever since the Sandy Hook massacre, the initiative may have just suffered a terminal defeat following a failure to even pass a bipartisan background check amendment in the democrat-controlled Senate. CBS reports that "In a major setback for gun control advocates, the Senate Wednesday voted down a key amendment to the embattled Democratic gun bill, signaling the increasingly dim prospects of any meaningful legislative action aimed at strengthening America's gun laws. The bipartisan Manchin-Toomey amendment, a background check expansion devised by Sens. Joe Manchin, D-W.Va., Pat Toomey, R-Pa., and a handful of other lawmakers, earned only 54 votes, falling six votes short of the 60-vote threshold. Vice President Joe Biden, who led the Obama administration's months-long lobbying effort on behalf of stronger gun laws, presided over the vote."

Update: Boston Bombing Suspect HAS NOT BEEN Arrested; Boston Courthouse Evacuated Submitted by Tyler Durden on 04/17/2013 - First we got headlines coming out, from CNN and WCVB TV in Boston, that a suspect is now in custody: Law enforcement official: Boston Marathon bomb suspect in custody, expected in federal court. Janet Wu reports it is a man who was arrested. The officials says the suspect is to be taken into custody by federal marshals and taken to a courthouse. There is no immediate word on where the arrest was made.  Suspects at Federal Court are brought into an entrance away from public view. Jack Harper says the security at the Federal Courthouse is almost unprecedented. A source tells Newscenter5's WuWCVB that one male suspect delivered both bombs. Then this became a media pissing match with both NBC and Reuters denying reports from CNN, AP and WCVB (on the ground), that no arrest has been made.  And now CNN is denying its original report that a suspect has been arrested. At least no report yet of the Boston Federal Court being under 9 feet of water.   Finally, here comes the FBI: NO ARRESTS MADE IN BOSTON MARATHON BOMBING CASE, FBI SAYS

Boston Bombing Suspect Identified, Authorities BelieveSubmitted by Tyler Durden on 04/17/2013 - It appears the hunt for the so far unidentified Boston nomber may be coming to an end. From Bloomberg: *OFFICIALS BELIEVE BOMBING SUSPECT IDENTIFIED, CNN SAYS *ONE SUSPECT CLEARLY IDENTIFIED IN VIDEO, CNN'S KING SAYS *AUTHORITIES HAVE IMAGE OF SUSPECT W/BAG AT 2ND BOMB SITE:GLOBE *IDENTIFICATION COMING FROM STORE SECURITY CAMERA, CNN SAYS Authorities have an image of a suspect carrying, and perhaps dropping, a black bag at the second bombing scene  - Globe.com And the kicker: Suspect is a "dark-skinned male" according to CNN. Apparently that is the proper nomenclature. We will bring readers the picture when it is released.

10Y Treasury Yields Slump To 2013 LowsSubmitted by Tyler Durden on 04/17/2013 - At 1.67%, 10Y Treasury yields are at their lowest since December 12th 2012. The Great Un-Rotation...

Apple Cored, Drops Under $400: Lowest Since 2011 Submitted by Tyler Durden on 04/17/2013 - Apple has broken the 'magic' $400 level for the first time in 16 months as we probe for the next generational low in this unbeatable stock amid chatter that iPad-mini shipments for next quarter will be down 20-30%. Apple is down 43.5% from its 'generational high'. Now cheaper than an iPad2, but less tasty, it appears more than a few 'smart' index-tracking momentum-monkeys are jumping ship heading into earnings. With AAPL down around 5% (the biggest open-to-low drop in 5 months), anyone who bought the stock in 2012 is now underwater...

Guest Post: How Empires Fall Submitted by Tyler Durden on 04/17/2013 - The imperial tree falls not because the challenges are too great but because the core of the tree has been weakened by the gradual loss of surplus, purpose, institutional effectiveness, intellectual vigor and productive investment. Comparing the American Empire with the Roman Empire in its terminal decline is a popular intellectual parlor game. The comparison is inexact on a number of fronts but despite the apparent difference, the two empires share the key characteristic of all enduring empires: they extract the cost of maintaining the empire from client states and/or allies. The mechanisms differ, but the results are the same: the empire's cost is distributed to those who benefit from its secure trade routes.

European Stocks Plunge Most In Six Months Submitted by Tyler Durden on 04/17/2013 - Europe's 'Dow', the EuroStoxx 50, has suffered the biggest 4-day rout in 10 months as the broad Bloomberg 500 index plunged by the most in five months today amid terrible consumer, car registration, and economic collapse on the continent. DAX is at 4-month slows. Despite the bloodbath in European stocks, the ever-efficient European bond market (free to trade and totally un-manipulated) is now around unchanged on the week (while stocks are down 3-4%). European financials are leading the drop but it is broad-based. EURUSD also rolled back over nearing its biggest drop in 9 months. Swiss 2Y at 3 month lows. Bunds bid. European VIX surged to 5 week highs over 23%.

Goldman Throws In The Towel On A 2013 "Recovery" As Does Bank Of America Submitted by Tyler Durden on 04/17/2013 - Back in 2010, Goldman's Jan Hatzius, fresh on the heels of QE2, committed rookie Economist mistake 101, and mistook a centrally-planned market response to what then was a record liquidity infusion, for an improvement in the economy (a move we appropriately mocked at the time, as it was quite clear that the Fed's intervention meant the economy was getting worse not better). It took him about 4 months to realize the folly of his ways and realize no recovery for the US or anyone else was on the horizon. He then wised up for a couple of years until some time in December he did the very same mistake again, and once again jumped the shark, forecasting an improvement to the US economy in 2013, albeit in the second half (after all nobody want to predict an improvement in the immediate future: they will be proven wrong very soon) based on consumer strength when in reality the only "reaction function" was that of the market to the Fed's QE4 (or is it 5, and does it even matter any more?). Four months later we get this...

Market Update: The Denial UnwindSubmitted by Tyler Durden on 04/17/2013 - That escalated quickly. Germany's DAX is now negative year-to-date (at 5-month lows), Copper is at 18-month lows, the bid for safety has driven 2Y Swiss rates under -10bps, their lowest in 3 months, and US equity markets are crumbling after yesterday's dead-cat-bounce. There was little to no pre-open ramp this morning, no EUR-levered pump, and VIX is not playing ball with the manipulators. Something changed; the denial is beginning to unwind. Gold and silver are modestly bid as we suspect physical demand bleeds back into paper. Maybe stocks are catching down to the 'WTF' reality (as we discussed here and here).

EUR Tumbles On Weidmann Comment Of Possible Rate Cut Submitted by Tyler Durden on 04/17/2013 - First it was former ECB executive board member Lorenzo Bini-Smaghi saying that "policy makers led by President Mario Draghi will act to weaken the euro" which led to the first shock in the European currency this morning, and now it is Bundesbank head Weidmann, reminding the world that in a monetarist currency war world, he who crushes their currency last, loses. As a result moments ago he said that the ECB may cut rates if new info warrants, something that was actually quite obvious two weeks ago and some 300 pips lower, yet the relentless purchases of Italian bonds by Japanese financials drove the EUR ever higher to its highest level since February yesterday. Net result: time to reacquaint the EUR with gravity.

Gold Buying Frenzy Continues: China, Japan, And Australia Scramble For Physical Submitted by Tyler Durden on 04/17/2013 - We noted here that the plunge in the paper price of gold (and silver) had prompted considerable renewed demand for physical and now it seems the scramble among the "more stable investor base" is increasing. The shake out of ETFs and futures has left the Australian mint short of deliverables and Japanese and Chinese gold retailers seeing a "frenzied" surge in demand. The customers are not just the 'rich' or 'elderly'; in China "they tend to wear water shoes and come directly from the market...;" in Australia, "the volume of business... is way in excess of double what we did last week,... there’s been people running through the gate," and Japanese individual investors doubled gold purchases yesterday at Tokuriki Honten, the country’s second-largest retailer of the precious metal. The panic selling by a weaker 'imminent inflation-based' investor base has sparked physical shortages - "there’s been significant sales made as people see this as great value." It seems our previous discussions of a rotation from paper to physical were correct and this physical demand will eventually leak back into the paper markets.

A Continent In Trouble Submitted by Tyler Durden on 04/17/2013 - Every scheme in Europe than can be rigged has been or is being rigged and, in the end, it will only be the fools that are left in this game. It is not the greater fools either but the mandated fools who take directions from Brussels who takes their directions from Berlin. We cannot emphasize enough the great risk that anyone takes now by investing in anything in Europe. You can ignore liabilities, you can play pretend and not count liabilities but in the end they are still there and the losses must be finally acknowledged. Gold gave you a head's up.

RANsquawk EU Market Re-Cap - 17th April 2013Submitted by RANSquawk Video on 04/17/2013

Frontrunning: April 17

Submitted by Tyler Durden on 04/17/2013

Boston bomb probe looking at pressure cooker, backpacks (Reuters), Boston Bomb Clues Surface (WSJ) Forensic Investigators Discover Clues to Boston Bombing (BBG)

China local authority debt ‘out of control’ (FT)

Gold Wipes $560 Billion From Central Banks as Equities Rally (BBG)... or the same impact a 2% rise in rates would have on the Fed's balance sheet

More Wall Street leakage: Stock Surge Linked to Lobbyist (WSJ)

China's bird flu death toll rises to 16, government warns of spread (Reuters)

Chinese official endorses monetary easing (FT)

As global price slumps, "Abenomics" risks drive Japan gold bugs (Reuters)

North Korea rejects US call for talks (FT)

IMF Renews Push Against Austerity (WSJ)

India Gains as Gold Plunge Boosts Scope for Rate Cuts (BBG)

Germany set to approve Cyprus aid (FT)

Easing Is an Issue as G-20 Meets (WSJ)

HeaDS I WiN... by: williambanzai7 http://albertpeia.com/headsiwin.htm

QE TiTaNiC 2013... by: williambanzai7 http://albertpeia.com/benusstitanicqeedkoed.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

4-16-13

…The Takedown Of Gold A Sign That The Entire Global Financial System Is About To Crash … ?

http://theeconomiccollapseblog.com

http://albertpeia.com/globalfinancialsystemcrash.htm

‘…So who is behind all of this orchestration?  Well, according to Dr. Paul Craig Roberts, it is actually the Federal Reserve... The Federal Reserve began its April Fool’s assault on gold by sending the word to brokerage houses, which quickly went out to clients, that hedge funds and other large investors were going to unload their gold positions and that clients should get out of the precious metal market prior to these sales. As this inside information was the government’s own strategy, individuals cannot be prosecuted for acting on it. By this operation, the Federal Reserve, a totally corrupt entity, was able to combine individual flight with institutional flight. Bullion prices took a big hit, and bullishness departed from the gold and silver markets. The flow of dollars into bullion, which threatened to become a torrent, was stopped. In fact, Dr. Roberts says that former Goldman Sachs trader Andrew Maguire is reporting that the Fed orchestrated the dumping of 500 tons of naked gold shorts into the market on Friday... According to Andrew Maguire, on Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale. If he doesn’t have the item, he borrows it from someone who does, putting up cash collateral equal to the current market price. Then he sells the item, waits for it to fall in price, buys it back at the lower price and returns it to the owner who returns his collateral. If enough shorts are sold, the result can be to drive down the market price. As Dr. Roberts noted, this represents an absolutely massive amount of gold... Consider the 500 tons of paper gold sold on Friday. Begin with the question, how many ounces is 500 tons? There are 2,000 pounds to one ton. 500 tons equal 1,000,000 pounds. There are 16 ounces to one pound, which comes to 16 million ounces of short sales on Friday. Who has 16 million ounces of gold? At the beginning gold price that day of about $1,550, that comes to $24,800,000,000. Who has that kind of money? … A WHOLE LOT OF PEOPLE NEED TO BE CRIMINALLY INVESTIGATED. Meanwhile, many are considering this takedown of gold to be an ominous sign that another major financial crisis may be heading our way. Just remember what happened back in 2008.  As Zero Hedge noted on Monday, the price of gold suddenly plunged 21 percent in July 2008.  That was just a couple of months before the U.S. stock market crashed in the fall...’

El-Erian's Summary: "Virtually Every Market Is Trading At Very Artificial Levels"Submitted by Tyler Durden on 04/16/2013 - "In order for central banks to achieve their ultimate economic objective - which is growth and jobs - they have to push investors into taking more risk than is justified," is the somewhat chilling warning that PIMCO's Mohamed El-Erian gives in this excellent interview with the WSJ. "Central banks are operating through the wealth effect and animal spirits," El-Erian says peeling back the truth onion, as they prop up asset prices to "artificial levels, in virtually every market." Worries over the central bankers of the world withdrawing easy money policies too early are "unwarranted," he notes, adding that he suspects, "they will most likely stay too long and they will consciously make that mistake." Critically, though, he sends a message that appears to fit with many of our recent discussions (most recently here) that "if these levels aren’t validated by the fundamentals, then investors will get hurt."

Biggest 2013 Drop In US Stocks Followed By Second Biggest Surge Submitted by Tyler Durden on 04/16/2013 - Yesterday's high volume dumpfest in stocks - its biggest drop in 5 months - is followed by a considerably smaller volume pumpfest that elevates the S&P by its 2nd most of the year (2nd only to the opening day of the year). The 'excessive' grab for protection yesterday that took VIX above 17% was smashed into the open and provided the ammo to leak stocks higher all day (VIX fell 3.3vols back under 14% - the biggest VIX drop of the year). The critical level for the bounce appeared to be the pre-Boston drop and every major index managed to regain it - with the Trannies leading the way. S&P futures regained 60% of the Friday-to-Monday slump, gold regained around 25% of its drop, and 10Y yields rose on the day, unwinding around 35% of the rally in Treasuries. EUR strength (and broad-based USD weakness) provided some impetus for algos to lift stocks. All-in-all, today's lower volume, lower average trade size move is not surprising and the coincident close of the S&P at around yesterday's VWAP (and lesser follow-through on other risk-assets) suggest this is more a bounce than a renewed uptrend for now.

The Most Disturbing Chart From Today's IMF Outlook Revision Submitted by Tyler Durden on 04/16/2013 - That the IMF is the most unwavering optimist despite fundamentals, facts and reality has been well-documented over the years. For those who still haven't seen the agency's perpetual upward bias in forecasting world growth, a quick scan of the charts below will cement the understanding that all the Washington-based serial bail-outer of insolvent countries is, is a dispenser of optimism and whose agenda is simply to preserve confidence that all is still well. The charts show how just over the past year's six outlook revisions, the IMF has been forced to downgrade, with quarterly precision, its overly optimistic forecast for virtually every part of the world, from the US, to the Euroarea, to China, and of course, the entire world: the black line is the most recent revision set - it also happens to be the lowest one. However, one chart which deserves particular attention not because it is accurate, but because the rate of deterioration is truly troublesome, is the IMF's view on global trade volume of goods and services. It is here that one can clearly see the disastrous impact of global central bank micro-mismanagement, capital misallocation and central planning. In short: global trade is collapsing - even from the point of view of one of the staunchest macro optimists - at a rate unseen since the Great Financial Crisis, and the Great Depression before it.

Party Like It's 1999? Submitted by Tyler Durden on 04/16/2013 - Presented with no comment.

Is The Fed's Uberdove Turning Hawkish?Submitted by Tyler Durden on 04/16/2013 - In 1996 it was Alan Greenspan with his "irrational exuberance" call, is Janet Yellen sending the same message, as she warns...*YELLEN SEES SIGNS `SOME PARTIES ARE REACHING FOR YIELD' *YELLEN SAYS LOW INTEREST RATES MAY PROMPT `TOO MUCH LEVERAGE' Did the Fed's most dovish member, and likely next chairperson just suggest that, while 'lower for longer' rates will continue, that stocks and high-yield credit look a little more than frothy.

Guest Post: Gold Crash: What It's Not Telling Us Submitted by Tyler Durden on 04/16/2013 - The recent plunge in gold prices below $1500 an ounce has suddenly awoken, well, just about everyone.  The "gold bugs" are yelling that it is a conspiracy theory by the Fed while the stock market bulls say it is a sign that the Fed has achieved its goal of creating economic growth.  Unfortunately, both arguments, while great for headlines, are wrong. The real concern for investors should not be the fall of gold - but the overall stock market.  With investors fully allocated to the markets - the lurking correction therein is potentially far more dangerous to portfolios than the current fall in gold simply due to weighting differences. Even with earnings hurdles moved substantially lower in recent weeks it may not be enough to offset the softening global economy. Perhaps, just perhaps, this is what gold, commodities and interest rates are really telling us.

All American Airlines Flights GroundedSubmitted by Tyler Durden on 04/16/2013 - For those flying in the northeast today, especially in and out of Boston, it is just not their day (all the more so if there are terroristy-looking, Arab-speaking passengers nearby). The day just got much worse for those flying American Airlines. Via BBG:*FAA SAYS ALL AMERICAN FLIGHTS GROUNDED AT AIRLINE'S REQUEST *FAA SAYS AMERICAN GROUNDINGS DUE TO AIRLINE COMPUTER PROBLEMS *AMERICAN AIRLINES SAYS SABRE RESERVATION SYSTEM OFFLINE *AMERICAN AIRLINES REPORTS RESERVATION SYSTEM OUTAGE ON TWITTER *SABRE SAYS THERE ARE NO PROBLEMS WITH AIRLINE BOOKING SYSTEM *FLIGHTS MAY RESUME AT 5PM EASTERN Must be the evil Chinese hackers' fault again, and it is about time the government stepped in and regulated the entire Internet, preferably with a kill switch to get rid of all the pesky, fringe elements.

How A Misplaced Decimal Comma Left Dick Bove Unemployed Submitted by Tyler Durden on 04/16/2013 - Well-known permabull financial analyst Dick Bove lost his job in November 2012. Not due to his ineptness, but due to his Rochdale Securities colleague David Miller who today plead guilty to wire fraud and conspiracy over an epic Apple trade gone wrong. As Reuters reports, Miller faces a maximum 25 years (though is expected to suffer less) after falsely telling his bosses that he executed a 1,625 share trade for a client, when in fact he bought 1,623,375 shares of the 'never-gonna-fall' stock on the day of its earnings release (October 25th 2012). When the bet backfired, Rochdale was on the hook for the losses which led the firm to cease operations and to provide the market with a brief respite from Bove's 'loan-loss-provision'-ignoring, 'we're-going-to-the-moon-Alice' investment advice on US banks. What a difference a decimal place makes...

This Is Not What A Low-Volatility Environment Looks Like Submitted by Tyler Durden on 04/16/2013 - VIX, the market's measure of forward-looking expectations of equity volatility has been hovering at decade lows (and even after yesterday's spike has plunged back once again today). MOVE, the bond market's measure of forward-looking uncertainty is at all-time record lows. As one infamous rates trader said recently, maybe it's early Alzheimers, but we are fairly certain that that last time Implied Volatility was scraping the lows, we did not experience: Gold moving almost $250 or over 15% in less than 48 hours; A G-3 currency moving over 25% in less than six months; A G-3 bond yield moving by 35% in two months; The Dow leaping by almost 20% in five months; A joint monetary policy as impactful as Volker or the Paris accords. We can't help but agree.

Guest Post: The Risk-On Recovery Rolls OverSubmitted by Tyler Durden on 04/16/2013 - Did anyone seriously believe the global economy was expanding so robustly that corporate profits would loft ever higher? Based on what data? Laughably bogus data from China, where warehouses are bulging with stockpiles of aluminum and copper, and a diminishing-return housing/credit bubble is the only "engine of growth"? Or was it the equally bogus unemployment rate in the U.S. that inspired such confidence? Did money managers really not notice that most of those new jobs are part-time, and that the rate is only low because millions of people have statistically been disappeared from the workforce by central planners? Wages, private-sector employment and labor's share of the economy have all declined: no wonder the risk-on recovery is rolling over.

Germany: Land Of Poverty... Or Prosperity? Submitted by Tyler Durden on 04/16/2013 - Time after time, it appears, in Europe 'beggars can be choosers'. That is, it seems, until Cyprus, when the Merkel hammer was brought down and a new 'template' to avoid German taxpayers implictly taking on the burden of southern European largesse. The initial pro-Euro indifference to the bailouts has turned increasingly to resentment in Germany - and, as we noted here, the rise of anti-Euro parties in the very heart of the political project. The following Bloomberg Briefs chart explains the tension and why the German 'five-wise-men' are pushing for a broad-based 'wealth tax' across Europe's periphery. Simply put, the Germans bearing the burden are 'poorer' than the peripheral nations as the chart of median wealth so clearly indicates. Combine this with the fact that Germany has the lowest rate of home ownership in Europe and it is little wonder that 'Alternative-for-Germany' party is already at a 3% polling? However, as discussed below, this is misleading since wealth is very unequally distributed in Germany, creating a perception among less wealthy Germans that these transfers are unfair.

Frontrunning: April 16

Submitted by Tyler Durden on 04/16/2013

Investigators hunt for clues in marathon bombing (Reuters)

Investigators scour video, photos for Boston Marathon bomb clues (Reuters)

'Act of Terror' Kills at Least Three, Injures About 140 as Bombs Wreak Carnage on Marathon Crowd (WSJ)

Brent Crude Below $100 (WSJ)

Slower China Growth Signals Days of Miracles Are Waning (WSJ)

Central Banks at Ease Limit Risk Political Backlash (BBG)

Merkel plans to quit midterm, says author (FT)

Monte Paschi Prosecutors Seize $2.3 Billion of Nomura Assets (Businessweek)

Treasuries back on investors’ buy lists (FT)

J.C. Penney Said to Seek Ways to Separate Real Estate for Cash (BBG)

Climate scientists struggle to explain warming slowdown (Reuters)

Putin Calls for Stimulus Plan After Recession Alarm (BBG)

TIPS in Longest Selloff Since ’08 as U.S. Bancorp Cuts (BBG)

HeaDS I WiN... by: williambanzai7 http://albertpeia.com/headsiwin.htm

QE TiTaNiC 2013... by: williambanzai7 http://albertpeia.com/benusstitanicqeedkoed.htm

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4-15-13

100 Years Old And Still Killing Us: America Was Much Better Off Before The Income Tax

http://theeconomiccollapseblog.com

http://albertpeia.com/incometaxkillingus.htm

HeaDS I WiN... Posted by: williambanzai7 Post date: 04/13/2013 - Investors Beware! http://albertpeia.com/headsiwin.htm

QE TiTaNiC 2013... Posted by: williambanzai7 Post date: 04/15/2013 - Until the moment she actually sinks, the Titanic is unsinkable.--Julia Hughes http://albertpeia.com/benusstitanicqeedkoed.htm

Why Is Gold Crashing? Posted by : George Washington Post date: 04/15/2013 - A Roundup of Opinions

Gold Crashes and Asia Sinks Posted by: Phoenix Capital... Post date: 04/15/2013 - According to Central Banker thinking, if something doesn’t work for 20 years the only answer is to do even more of it. So the Bank of Japan attempted a “shock and awe” move with an...

Nuclear Is NOT a Low-Carbon Source of Energy Posted by : George Washington Post date: 04/14/2013 - If You Don't Believe In Global Warming, Please Forward This to Your Friends Who Do

The Scariest 50 Hours Posted by: Bruce Krasting Post date: 04/13/2013 - The Treasury Department planted a "dirty bomb" at the Bank of Japan, and tossed a grenade at the Swiss National Bank.

Large Explosions Reported At Boston Marathon; Numerous Injuries And Casualties Submitted by Tyler Durden on 04/15/2013 - North Korea's daily war bluffs may be (rightfully) ignored by the market, but an unexpected and tragic development comes out of Boston, where local media reports of two explosions and numerous injuries: *AT LEAST 12 INJURED IN BOSTON MARATHON BLAST: BOSTON HERALD BOSTON BLAST SEEM CENTERED IN `TRASH CAN': BOSTON HERALD *CNN CITES SOURCE ON REPORTS OF DEVICE AT BOSTON MANDARIN HOTEL *AT LEAST 3 DEAD AT BOSTON MARATHON FOX NEWS CITES SOURCE *BOSTON POLICE SAY "SECONDARY DEVICES" ARE STILL BEING FOUND

San Fran Fed Blames High California Unempolyment And Rising Poverty On Highly Efficient Workers Submitted by Tyler Durden on 04/15/2013 – { Yeah … riiiiight! … No wonder they had to legalize medical marihuana … what have they been smokin’… Oh … right … not tobacco! } For the past three years we have been pounding the table on one very simple fact: when it comes to jobs, there is a quantitative picture, which is often muddied by seasonal adjustments and political narrative but which the mainstream loves for the simply, clear plotline: "the US created [   ] jobs in the past month", and there is a qualitative one: one which takes into account the far more important quality of the jobs created in the US economy in whole or in part (such as in various states). It appears this simple logic has finally trickled down to those masters of the obvious at the San Fran Fed who have just released a paper titled "Job Growth and Economic Growth in California" whose summary is as follows: "California job growth over the past two decades has been relatively anemic compared with gains in the rest of the country. Nevertheless, economic output has grown faster in California than in the rest of the United States. One factor underlying this pattern may be the growth of higher-wage jobs in California, which has contributed more to output than to employment growth. This creates relatively few opportunities for low-skilled workers, which may help explain why poverty increased more in California than in most states over the period."

Headline Of The Day Submitted by Tyler Durden on 04/15/2013 The Senate Judiciary Committee has delayed a hearing on immigration reform a day before a bipartisan bill is to be introduced…delay was to give senators more time to read the bill {Sounds like a plan! }

Gold's VIX Term Structure 'Most Inverted' Since Lehman Submitted by Tyler Durden on 04/15/2013 - While there are obviously sellers in the gold market, there is also a dramatic spike in demand for protecting what is still being held (remember there is a buyer for every seller). Gold's short-term VIX (implied volatility) has spiked to 18 month highs above 29% but it is the steepness of the term-structure of volatility that shows just how much protection is being sought. The difference between the one-month volatility and one-year volatility is almost 10 vols - the highest level of inversion (short-term risk higher than long-term) since Lehman. It seems the market is extremely fearful of further volatility in the short-term but less concerned longer-term. What is also worrisome is that the last two times that Gold's VIX was this much higher than the S&P's VIX was June 2006 (when the first hedge funds started to implode from Subprime) and Sept 2008 (Lehman). It appears that gold volatility is signalling counterparty risk concerns once again.

Guest Post: A Couple of Things You Should Know About The Stock MarketSubmitted by Tyler Durden on 04/15/2013 - The problem with cutting the links between risk and consequence and the real economy and the stock market is that a market deprived of feedback from reality is prone to disorderly disruption. Why is this so? Participants make decisions based on the information made available to them. If the information from the real world is suppressed or limited, then the decisions made by participants will necessarily be misinformed, i.e. wrong.  If feedback from the real world is suppressed, then decisions will necessarily be bad. The only choice for participants who have lost faith in central planning's promise of permanently higher markets will be to abandon the manipulated markets entirely.

French Ministers Disclose Full Financial Holdings - Full List Submitted by Tyler Durden on 04/15/2013 - As Europe jerks from one political debacle to another, the French (mired in the PR disaster of Cahuzac - a tax tzar guilty of tax fraud) have decided forced honesty is the only policy left if they are ever to regain any credibility. From the Commission for Financial Transparacency, below is the full list of all French ministers assets - from cars and property to stocks and bonds.

US Households On Foodstamps Hit Record High Submitted by Tyler Durden on 04/15/2013 - Record Dow, record S&P, record debt, record plunge in gold, and now: record US households on foodstamps. What's not to like. While today's gold selloff may be confusing to everyone, one can scratch off some 23,087,886 US households, or the number that according to the USDA were on foodstamps in January and just happen to be a fresh all time high, as the likely sellers, especially when one considers that the average monthly benefit to each household dropped to a record low of $274.04. This number probably ignores, for good reason, the once every four years fringe benefits of Obamaphones and other such made in China trinkets.

What Happened The Last Time We Saw Gold Drop Like This?Submitted by Tyler Durden on 04/15/2013 - The rapidity of gold's drop is impressive, concerning, and disorderly. We have seen two other such instances of disorderly 'hurried' selling in the last five years. In July 2008, gold quickly dropped 21% - seemingly pre-empting the Lehman debacle and the collapse of the western banking system. In September 2011, gold fell 20% in a short period - as Europe's risks exploded and stocks slumped prompting a globally co-ordinated central bank intervention the likes of which we have not seen before. Given the almost-record-breaking drop in gold in the last few days, we wonder what is coming?

Gold Drops Most In 30 Years Submitted by Tyler Durden on 04/15/2013 - Previously, levered hedge funds were forced to sell gold on stock margin calls. How long until today's gold plunge, the largest 2-day drop in the past 30 years, forces funds to start selling stocks to meet margin clerks vocal demands some time around 2pm today?

From Bad To Worse - European Non-Performing Loans In Context Submitted by Tyler Durden on 04/15/2013 - Europe remains in a critical state - despite the protestations of its leadership and the indications of its nepotistic bond markets. Unconventional monetary operations have enhanced liquidity, but have done little-to-nothing to solve the real issue - insolvency. As Jassaud and Hesse note, vulnerabilities remain; as reliance on central-bank liquidity is still high especially for banks in peripheral countries. Assets continue deteriorating and remain on banks’ balance sheets, weighing on profitability. Non-performing loans (NPLs) in EU banks continue to soar, drastically outpacing loan growth. Since 2007, loans to the 'real' economy have decreased by 3% while NPLs increased by almost 150%, i.e., €308 billion in absolute terms. This trend shows no sign of reversal, reflecting the continued macro deterioration in parts of the EU and the absence of restructuring (until the new 'template'). Between these soarng NPLs, Germany's new template, and the relative size of gold holdings among the troubled European nations, we suspect the social farbic will contonue to tear a little more.

Homebuilder Confidence Plunges To 6 Month Low, Puts Housing "Recovery" Meme In Jeopardy Submitted by Tyler Durden on 04/15/2013 - For the fourth month in a row, NAHB's sentiment index missed expectations. With 'real' data on the housing recovery beginning to fade, we now see confidence in the sustainability of the 'recovery' starting to fade. Today's NAHB print is the lowest in six months and is the fastest 3-month drop since June 2011.

Goldman Crucifies Muppets Again, Closes Long Brent Position With 15.48% LossSubmitted by Tyler Durden on 04/15/2013 - Another day, another muppet bites the dust.

Gold Crush Started With 400 Ton Friday Forced Sale On COMEXSubmitted by Tyler Durden on 04/15/2013 - There is blood running in the gold market this morning after vicious selling which began on Friday afternoon and continued in Asian trading and through into European trading. Gold has fallen another 4.4% today after a huge number of stop loss orders were triggered at $1,480/oz pushing gold lower. Reports suggest that a futures sell order worth $6 billion, equal to 4 million ounces or 124.4 tonnes of gold, by a large investment bank sent prices plummeting and spooked the markets contributing to the decline. The order was believed to have been placed through Merrill Lynch's brokerage team. Gold futures with a value of over 400 tonnes were sold in hours and this is equal to 15% of annual gold mine production. The scale of the selling was massive and again underlines how one or two large banks or hedge funds can completely distort the market by aggressive, concentrated leveraged short positions. It may again be the case that bullion banks with large concentrated short positions are manipulating the price lower as has long been alleged by GATA. Those with concentrated short positions may also have been concerned about the significant decline in COMEX gold inventories. The plunge in New York Comex’s gold inventories since February is a reflection of increased demand for the physical metal and concerns about counter party risk with some hedge funds and institutions choosing to own gold in less risky allocated accounts.

Ex-Soros Advisor Sells "Almost All" Japan Holdings, Shorts Bonds; Sees Market Crash, Default And Hyperinflation Submitted by Tyler Durden on 04/14/2013 - Former Soros' Japan advisor Fujimaki takes center stage: “The volatility in the JGB market as well as the fact that there is large selling represent fear among investors,” Fujimaki said. “They are early signs of a larger selloff and we should continue to monitor the moves in the long-term bonds.” Fujimaki said he recently bought put options for Japanese government bonds of various maturities, without elaborating. He continues to hold real estate in Japan and options granting the right to sell the yen against the greenback expiring in less than five years. He also holds assets in U.S. dollars and currencies of other developed nations. "Japan’s finance is sinking into the ocean,” Fujimaki said. “There’s no escape from a market crash in the future when you have such enormous debt.” “By expanding the monetary base to 270 trillion yen, the BOJ is making a huge bet which I think it will ultimately lose,” Fujimaki said in an interview in Tokyo on April 11. “Kuroda’s QE announcement is declaring double suicide with the government. The BOJ will have to share the country’s fate and default together. Shirakawa did more than enough and he had good reasons to not do any more,” said Fujimaki. “There will be tremendous side effects from monetary stimulus. QE doesn’t work and has no exit... Things may look rosy for now as stocks rise, but should we see hyper-inflation, JGBs will see a huge selloff, leading to a stock market crash,” said Fujimaki, adding that he sold “almost all” of his Japanese stock holdings some time ago.

Priced For Perfection - A Return To 'Normal' Won't Be EnoughSubmitted by Tyler Durden on 04/14/2013 - The equity rally over the past 18 months has been driven by multiple expansion. As Morgan Stanley's Gerard Minack notes, equity markets have been highly correlated with macro surprises – whether economic data have been exceeding, or falling short of, consensus forecasts – through this expansion. However, we note that the potential for a market setback is extreme; as the gap between what seems increasingly needed to sustain the rally – better growth and earnings news – versus the prospect of weaker US growth is as wide as it has been in five years. The macro news flow is now disappointing in the major developed economies. Moreover, there’s been a pseudo-seasonal pattern to the ebb and flow of surprises, with weakness typical in the middle quarters of the year. The very recent weakness in the US is more troubling though as it is set against the backdrop of already-sluggish global growth, which is most pronounced in the developed markets; and reflecting the sag in global growth (and earnings), global equities have already stalled outside the US. The out-performance of equities versus bonds over the past year is consistent with solid macro improvement and as the chart below indicates, that hope is fading fast.

Mike Maloney: Today's Low Gold & Silver Prices Are Not Realistic Submitted by Tyler Durden on 04/14/2013 - Mike believes that the monetary system will collapse under the weight of too many claims on a limited pool of sound money; and that we will witness the birth of a new monetary regime within the next ten years. What makes this moment in history unique is that all past monetary regime collapses have happened regionally. This is the first time in human history in which all the world's major currencies are collapsing together. Which is why he is so passionate about owning gold and silver. In his opinion, we will soon witness the greatest transfer of wealth ever seen, as countries worldwide realize they need to revert to monetary systems backed by sound money (i.e., the precious metals). Those acquiring gold and silver beforehand will not only preserve their wealth as existing fiat currencies are extinguished, but will see staggering increases in their purchasing power.

Empire Fed Latest Economic Disappointment, Drops To Lowest Since January, Misses ExpectationsSubmitted by Tyler Durden on 04/15/2013 - As if the world needed yet another confirmation that the US economy is floundering (even if it means a new all time high for the now largely laughable farce formerly known as the S&P500), it just got it courtesy of the April Empire Fed Mfg Index, which dropped for the second month in a low to the lowest since January, printing at just 3.05, down from 9.24, and well below expectations of 7.00. Supposedly this too will be blamed on either balmy April weather, or Easter. The key New Orders index dropped from 8.18 to 2.20, which in itself may be insufficient to push the S&P to new all time highs, so the Shipments drop from 7.76 to 0.75 should definitely top the ES well into the green. The only piece of bad news for the "market" was the Number of Employees, which rose from 3.23 to 6.82. Although this may be one of those reports where bad data is great, but good data is greater.

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4-12-13

11 Economic Crashes That Are Happening RIGHT NOW

http://theeconomiccollapseblog.com

http://albertpeia.com/11economiccrasheshappeningnow.htm

Who Gave North Korea Nukes In The First Place? Paul Joseph Watson | The U.S. government and the CIA. http://albertpeia.com/usgavenokoreanukes.htm

The Illusion of Toothless Sharks Harry Dent http://albertpeia.com/illusionoftoothlesssharks.htm

Guest Post: Don't Ask - It's Magic! Submitted by Tyler Durden on 04/12/2013 - "Any sufficiently advanced cartel's actions are indistinguishable from magic." http://albertpeia.com/magictillcrashreality.htm

ASiA AND THe GLoBaL MaNDeLBRoT SeT... Posted by: williambanzai7 Post date: 04/12/2013 - Some of you might find some of these images disturbing or even exciting... http://albertpeia.com/madamkimbo.htm

America Fast Forward - In Reverse Posted by : Bruce Krasting Post date: 04/12/2013 - 15:20 One element of the President's budget is a sham.

Big Banks Worth More to Investors Broken Up Into Components than as Giant Conglomerates Posted by: George Washington Post date: 04/12/2013 - Shareholders Join Bankers, Economists, Financial Experts, Regulators and the American People In Calling for a Break Up of the Giant Banks

Fear The Uncorrelated Stock Market Submitted by Tyler Durden on 04/12/2013 - Asset price correlations across a wide spectrum of industries and asset classes are meaningfully lower than the last few months. ConvergEx's Nick Colas note that this is something completely unexpected: we’ve approached a “Normal” capital market over the last 30 days. S&P 500 sector correlations are below 80% relative to the index, foreign stocks are 77-87% correlated to U.S. stocks, and even domestic high yield corporate bonds are 56% dancing to their own tune. However, before we run off celebrating the return to a stock-picker’s market, it is worth noting one statistical point worth your time: when industry sector correlations have dropped below 80% from 2010 to the present, the subsequent one month, one quarter and one year returns have been below average, especially the shorter time frames.

The Aerodynamics Of NihilismSubmitted by Tyler Durden on 04/12/2013 - We live in a world now which may be described as, "Nothing Matters."The money pours in each month from America, Europe and Japan and overrides anything and everything else. With pre-payments and calls the estimated amount of money provided by the Fed for the world's monetary supply is approximately $100 billion every month. It is not just the American banks that are the recipients of the hand-out but the foreign ones who ship it back to Europe or buy European sovereign debt courtesy of Mr. Bernanke. I suspect that if the American taxpayers were aware of the scheme that the citizens would not be pleased but then what the Fed is doing is not generally part of polite conversation in America and so it is not discussed.

The Week That Was: April 8th-12th 2013 Submitted by Tyler Durden on 04/12/2013 - Succinctly summarizing the positive and negative news, data, and market events of the week...

USDJPY Plummets After US Treasury Says It Should Refrain From "Competitive Devaluation" Submitted by Tyler Durden on 04/12/2013 - Curious why the USDJPY is in freefall after hours? Thank Jack Lew, and the after the close release of the semi-annual "Report to Congress on International Economic and Exchange Rate Policies." Traditionally the place where many have looked to see if the US would declare China a currency manipulator (which will never happen for obvious reasons), this time there was a big Easter egg lying in wait for those who did a word search for "competitive devaluation" - namely that it was located in the section discussing Japan.

Gold Bitcoined, Bonds And Yen Soar, Dow Back To Unch (Of Course) Submitted by Tyler Durden on 04/12/2013 - Gold was Bitcoin'd (or Baumgartner'd) as it suffered its biggest daily drop since LTRO2 on 2/29/12. The JPY rallied over 1% - its biggest rise in 7 weeks. 10Y Treasuries had their best day in 7 weeks. Macro data was absymal. But it was evident that the only thing mattered was a new high close for the Dow - as we noted 10 minutes before the close: And thanks to some help from the old ramp standbys - HYG and VIX - they nearly made it (but not quite) as the Dow ended -0.08 points rallying 75 points off the lows on the worst macro data day in months, with the EURUSD ramping just the right amount over 1.31.

RANsquawk Weekly Wrap - 12th April 2013 Submitted by RANSquawk Video on 04/12/2013

Railcar Loadings Drop Most Year-To-Date Since Crisis Submitted by Tyler Durden on 04/12/2013 - This must be bullish. While the rise in railcar loadings (whether driven by the rotation from pipelines to rail or a 'real' recovery in the economy) has been impressive off the lows and had got back to pre-recession levels, this year is not looking so good. The typical seasonal pattern - somewhat obviously - starts around mid January and rises all year tending to roll over around the start of November into holiday season. 1995 was the last year that intermodal railcar loadings rolled over notably away from this pattern. Since mid-January, 2013 has seen a notably different pattern from the norm - worse than 2009's abrupt plunge.

Mario Draghi Orders Cyprus To Sell Gold To Cover Bailout "Shortfall" Submitted by Tyler Durden on 04/12/2013 - Update, and sure enough: PANICOS DEMETRIADES SAYS CYPRUS CENTRAL BANK INDEPENDENCE UNDER ATTACK. As a reminder, Panicos hold the now obsolete position of head of the Cyprus Central Bank. As was noted two days ago (so certainly not the news catalyst for today's gold sell off as some are trying to make it appear) as part of its bailout expansion by 35%, Cyprus announced, then refuted, then re-admitted, it would need to fund a portion of the incremental €7 billion in cash demands by selling €400 million, or nearly all 13.9 tons, of its central bank gold. Today, we learn that this demand came from none other than the head of the ECB Mario Draghi. Bloomberg reports: "European Central Bank President Mario Draghi said the profits of any gold sales by the Cypriot central bank must be used to cover losses it may sustain from emergency loans to Cypriot commercial banks."

TIC-TIC-TIC: The Ominous Warning In Foreigners' U.S. Bond Positions Submitted by Tyler Durden on 04/11/2013 - As of later this month, we’ll receive the final picture on China’s U.S. bond sales over late 2011 and early 2012, and the reaction isn’t likely to be much different than it was last year. But, we argue that there’s actually quite a lot to see. Namely, there’s a brand new reason to be concerned about America’s access to foreign capital. In a nutshell, America needs foreigners to be both willing and able to buy its bonds. China is able but much less willing than it used to be. (Treasury data that isn’t shown here suggests its interest in U.S. securities recovered somewhat in late 2012, but remains far short of the levels of two years ago.) Other countries are willing but not nearly as able as China, notwithstanding the sharp increase in purchases in the recent period. And overall, the message in the preliminary TIC data is more worrisome than it may appear on the surface. Should the final report on April 30th confirm the message, consider it a warning of a potentially disastrous future decline in foreign purchases of U.S. debt.

Guest Post: The Tunnel People That Live Under The Streets Of America Submitted by Tyler Durden on 04/12/2013 - Did you know that there are thousands upon thousands of homeless people that are living underground beneath the streets of major U.S. cities?  It is happening in Las Vegas, it is happening in New York City and it is even happening in Kansas City.  As the economy crumbles, poverty in the United States is absolutely exploding and so is homelessness.  In addition to the thousands of "tunnel people" living under the streets of America, there are also thousands that are living in tent cities, there are tens of thousands that are living in their vehicles and there are more than a million public school children that do not have a home to go back to at night.  The federal government tells us that the recession "is over" and that "things are getting better", and yet poverty and homelessness in this country continue to rise with no end in sight.  So what in the world are things going to look like when the next economic crisis hits?

US Economic Data Plunges Most In 10 Months To 4-Month Lows Submitted by Tyler Durden on 04/12/2013 - Judging by the stock markets the last two weeks have been one of the best periods ever but the reality - hidden behind a smoke-screen of central bank liquidity and jawboning mirrors is dire. The last ten days have seen miss-after-miss in macro economic data - in fact this is the biggest plunge in macro data in 10 months. Despite the stock market's exuberance (at all-time highs), macro data has rolled over dramatically to 4-month lows. Of the major economic data points we have missed 18 of the last 20. With sentiment sagging, GDP revising lower, and earnings season disappointing, we can only imagine the BTFD opportunities that await.

Consumer Confidence Plummets To Nine Month Low, Biggest Miss To Consensus On Record Submitted by Tyler Durden on 04/12/2013 - Well if this doesn't send the market into all-time record high territory, nothing ever will: seconds ago the UMich Consumer Confidence plummeted from 78.6 to 72.3, on expectations of an unchanged 78.6 print. This was not only a 9 month low in the index, but more importantly the biggest miss to expectations in recorded history! Both conditions (84.8, Exp 89.5, Last 90.7) and expectations (64.2, Exp.70.0, Last 70.8), imploded, with the current conditions number the worst print since July and posting the biggest drop since August 2011. Surely if retail sales was not a sufficient Conviction Buy signal for the Fed, then Consumer Confidence should send Kevin Henry, who is now mainlining a trail mix cocktail of Redbull, Caffeine and Meth, into F5 overdrive. And if that doesn't do it, the final economic miss of the day, Business Inventories which also missed expectations of a 0.4% print, and dropped from 0.9% to 0.1%, the lowest since September 2011 and biggest miss since September 2012, should certainly cement today's 1600+ S&P close.

Usage Of 401(k)s As An ATM Soars By 28% In Q4Submitted by Tyler Durden on 04/12/2013 - Nearly one-fifth all people with a 401(k) plan have at least one outstanding loan from it with those under 30 years old having taken an average 38.2% of their remaining untouched balance as the new ATM to maintain the credit-fueled standard of living. In a press release from Wells Fargo, data based on 1.9 million 401(k) holders shows that Q4 2012 saw a stunning 28% surge in the number of people taking loans from their retirement plans. While the numbers are scary for younger people, the older generation is taking more loans with 34.2% of those in their 50s and 28.9% of those in their 60s having taken loans from their retirement plans. Yet another example of the 'strength' of the recovery as those with at least one loan outstanding had an average balance in their retirement plan of $7,764! So much for the wealth effect.

March Retail Slide, Miss Expectations, Post Biggest Drop Since June Submitted by Tyler Durden on 04/12/2013 - Add retail sales to the ongoing economic US crunch, which, just as predicted here in February, would start taking place once the regular seasonal adjustment rotation out of the "strong" winter season into spring started and once the now annual European swoon in the spring spread to the US, as it always does. Sure enough, March retail sales missed across the board, with headline down -0.4% (exp. 0.0%, Feb revised lower to 1.0%), ex autos down -0.4% as well (exp. 0.0%, last 1.0%), and ex autos and gas -0.1, on expectations of a +0.3%. This was the biggest miss ex autos since June and the biggest drop since June as well. More troubling perhaps for the true strength of the US consumer, electronics sales dumped -3.2% Y/Y (confirms the collapse in PC sales reported yesterday), while general merchandise sales declined by 4.9% year over year. As we have said all along, the US consumer - that very levered driver of 70% of US GDP - even when factoring in the trillion + in student loans, is getting very much tapped out. But at least car sales, funded by the still very generous Federal Reserve and Uncle Sam, of course, are merrily chugging along at a +6.5% Y/Y pace.

The One-Chart Summary Of All That Is Wrong With The US Financial System: JPM Deposits Over Loans Submitted by Tyler Durden on 04/12/2013 - The chart below may be the best one-chart summary of all that is wrong with the US financial system. It is a very simple chart - it shows total JPMorgan deposits, loans and the excess difference of deposits over loans.

JPMorgan Changes VaR Calculation For Fourth Time In Past Year Submitted by Tyler Durden on 04/12/2013 - Earlier today, as part of our JPM earnings recap we observed that "VaR plunged from $106 to $62" and wondered if it was just just "another excel copy/paste error" which as we reported previously, is what JPM's internal audit attributed much of the confusion surrounding JPM's VaR calculation around the time the London Whale blow up nearly doubled the firm's VaR. Because it is always better to blame a clueless intern for botching Excel than to put the blame where it rightfully belongs.  It turns out that as frequently happens, there was a dose of financial surreality behind the humor. As Bloomberg reports, the reason for the nearly 50% collapse in the company's reported maximum value at risk was because of, drumroll, yet another change in the model. 'JPMorgan said today it employed a new formula to judge the risk of its credit derivatives position, at least the fourth such model it’s used since January 2012. The portfolio was built by Bruno Iksil, known as the London Whale because his bets were so big they moved markets."

Frontrunning: April 12

Submitted by Tyler Durden on 04/12/2013

Korean Nuclear Worries Raised (WSJ)

Och-Ziff, With Strategy from a 30-Year-Old Debt Specialist, Racks Up Big Score (WSJ)

Japan's big "Abenomics" gamble: how to tell if it's paying off (Reuters)

Kuroda walks a two-year tightrope (FT)

China Rebound at Risk as Xi Curbs Officials’ Spending (BBG)

BOJ Said to Consider Boosting Outlook for Inflation (BBG) - for energy prices? Absolutely: by double digits

Cyprus May Loosen Bank Restrictions in Days (WSJ)

Cyprus mulls early EU structural funds (Reuters)

Russia slashes 2013 growth forecast (FT)

Japan, U.S. Agree on Trade-Talks Entry (WSJ)

IMF Trims U.S. Growth Outlook in Draft Report Citing Fiscal Cuts (BBG)

Mexico Is Picking Up the Peso (WSJ)

JPM Beats Thanks To $1.1 Billion Reserve Release, Revenue Misses, Drops By $900 Million, NIM At Post-Crisis Low Submitted by Tyler Durden on 04/12/2013 - If JPM and its "fortress" balance sheet and business model are supposed to represent Q1 earnings for US banks, it will not be a good start to the year. While EPS beat expectations solidly, coming at $1.59 on expectations of $1.39 print, this was largly driven by a bigger than expected loan loss reserve release in its real estate portfolios ($650MM pretax), and card services ($500MM pretax), which was the largest combined release number since the $2 billion reduction in Q1 2012. This took down total JPM total loan loss reserves to $20.8 billion, down from $21.9 billion in Q4, and down $5.1 billion from the $25.9 billion a year ago. This happened even though JPM's NPL declined far more modestly, from $10.7 billion to just $10.4 billion. It was the revenue of $25.12 that missed expectations of $25.85, down from $26.05 billion a year ago, and which is the bigger issue for the bank, driven by disappointing trading results with fixed income markets revenue of $4.8 Billion, down 5% YoY, equity markets revenue of $1.3 Billion, down 6% YoY, and Securities Services revenue of $974mm, flat YoY. Not surprisingly in order to maintain expenses, headcount continue to decline from 258,753 to 255,898.

RANsquawk EU Market Re-Cap - 12th April 2013Submitted by RANSquawk Video on 04/12/2013 - 07:07

Why Are The Banksters Telling Us To Sell Our Gold When They Are Hoarding Gold Like Crazy?

http://albertpeia.com/bankstershoardinggold.htm

4-11-13

Why Are The Banksters Telling Us To Sell Our Gold When They Are Hoarding Gold Like Crazy?

http://theeconomiccollapseblog.com

http://albertpeia.com/bankstershoardinggold.htm

Marketwatch 4 reasons you can’t trust earnings numbers Paul B. Farrell No reason for stock optimism
Commentary: You know theearnings books are cooked but your brain gets misguided anyway. 4 strategies for the coming crash Paul B. Farrell … The market sinks deep into its third bear of the 21st century. Wall Street loses another $10 trillion of our retirement money… http://albertpeia.com/4strategiesforcomingcrash.htm

Marketwatch Danger escalates in euro crisis Darrell Delamaide Commentary: New phase of political instability raise fears of breakdowns and conflict.

As Long As You Never Use It… It’s a Great Deal By Rodney Johnson, Editor, Survive & Prosper The Great Disconnect Ahead of the Curve with Adam O'Dell http://survive-prosper.com http://albertpeia.com/greatdisconnectandgreatdealsnot.htm

Initial Claims Tumble From Upward Revised 388K To 346K Submitted by Tyler Durden on 04/11/2013 - Following last month's surge in initial claims (subsequently revised even higher from 385K to 388K), the monthly edition in the series tumbled by 44K to 344K, below estimates of 360K, and which will be revised to 348K or so next month. The reason for the volatility given by the DOL is the "unwind of seasonal swings" which would make sense as the unadjusted number actually rose by 37,025, or about the amount the adjusted number dropped by. Continuing claims rose more than expected to 3,079K, from 3067K, however the number was revised so it can be palatable for MSM consumption, and as a result of the upward revision of February from 3063K to 3091K, it "declined." It is unclear how many if any states were estimate by the DOL in this month's edition of pick the noisy number. Most importantly, unlike the entire past two weeks, a good economic print is good for the market, not just a bad economic print.

Guest Post: 30 Blocks Of Squalor - Government Built It, But They Didn't Come Submitted by Tyler Durden on 04/11/2013 - The money printing of the Federal Reserve with no anchor to gold has allowed the welfare state to grow to immense proportions. It has allowed politicians to buy votes by spending taxpayer dollars on multi-million dollar Keynesian zero return albatrosses. It has allowed politicians to enslave black people on a welfare plantation of entitlements. Bernanke and his cronies reward mal-investment through their policies. They reward bad behavior (borrowing & spending), while punishing good behavior (saving and investing). West Philly is a testament to failed economic policies, government waste, lack of personal responsibility, corrupt politicians, excessive union costs, and the delusional belief that government can create economic growth. The 30 Blocks of Squalor is descending further into squalor and it will accelerate as Bernanke’s policies further destroy what remains of capitalism in this country.

Who Goes Next: Portugal Or Slovenia - The Forensic TakeSubmitted by Tyler Durden on 04/11/2013 - The troubles in Cyprus have set off a new examination of the health of the eurozone, with a particular focus on which country might be next in line for a bailout and the extent to which shareholders and depositors will take losses when banks fail (bail-ins). As UK think-tank, OpenEurope notes, much of the attention has settled on two countries. Portugal, which has been propelled back into the headlines, with the country’s constitutional court recently ruling against some of the government’s EU-mandated budget cuts. Secondly, Slovenia, which is facing a massive banking crisis, in turn providing another potential testing ground for the eurozone’s vaguely defined ‘bail-in’ plans. OpenEurope provides a quick run-down of the key points to watch in each country.

30 Year Auction A Dud Submitted by Tyler Durden on 04/11/2013 - Following much anticipation that today's 30 Year would go off like gangbusters, and with the When Issued ripping to 2.990% at 1 PM, the final result was essentially a dud, with the high yield pricing at 2.998%, leading to a rather substantial tail of 0.8 bps. The internals were rather poor as well, with the Bid to Cover coming in well below the 12 TTM average of 2.62 at 2.49, the Directs taking down 19.2%, Dealers left with their usual average of 49.3%, but with Indirects, which is precisely where the Japanese bid would have materialized, ending with just 31.4% of the take down, well below the 42% in March, below the TTM of 35.4% and the lowest since October's 26.5%. So what gives? And was the surge in the USDJPY ahead of the auction unwarranted? It would appear so. But where are the Japanese FI outflows going then? Simple - it seems that at least one group of buyers has ignored Pimco and BlackRock's advice, and instead has allocated all their "rotating" cash into high yielding Italian and Spanish bonds to capitalize on the EURJPY carry trade. What can possibly go wrong? We will let Mr. Jon Corzine explain that to Mrs. Watanabe...

Short Squeeze Hits Escape Velocity Submitted by Tyler Durden on 04/11/2013 - The 'most shorted' names in the Russell 3000 are up a remarkable 1.4% today compared to 0.45% in the index itself. The short-squeeze off the NFP gap-down lows is impressive indeed. From the open last Friday, the 'most short' names are up 6.6% against the index up only 3.5% as the dash for trash continues in the face of increasingly dismal data. The last 2 times that the 'most short' index was this squeezed relative to the index was late-December (before the equity dip) and mid-Fed (before the equity dip). Just as we warned here and here, the inexorable flow of easy money means the dash-for-trash (as remarkably ridiculous as it seems - though as now know nothing is allowed to fail ever again) has been the winning trade; though as we note below, there is a limit to the 'squeezability' and we appear to be there in the short term. BitCoin Halted

Guest Post: The Eroding Premium On Truth And Trust Submitted by Tyler Durden on 04/11/2013 - Manipulation and carefully crafted distortion erode trust, not just in the individuals employed to repeat the lies but in the institutions that issue them. The ruthless pursuit of self-interest is now the norm; truth is a terribly risky disruptor that must be hidden, masked or countered with plausible lies. There can be no trust if there is no truth. How can we trust people who lie to us constantly, who issue one self-serving justification after another for their own parasitic predation? We cannot. The premium in America has shifted from truth to self-serving distortion, and from trust to manipulation. This spiritual and moral rot will end gloriously, have no doubt, for the stock market's permanent ascendancy dissolves all other narratives.

Spanish Home Prices Plunge Most On Record Submitted by Tyler Durden on 04/11/2013 - Despite reassurances from D-Boom that "Spain can once again be the engine of growth for Europe," the troubled nation appears to be going from bad to worse. House prices dropped 9.7% YoY in Q4 2012, its biggest drop on record, taking the price back to 2004 levels. This price pressure merely exacerbates the Spanish banking system's delinquent loans and drives up unemployment. But Spain is not alone, Slovenia, which many have their eye on for being the next bail-in, saw house prices slide 8.8% according to IBTimes. Perhaps there is a correlation between house price bubbles (cough US cough) and banking/sovereign collapse.

Frontrunning: April 11

Submitted by Tyler Durden on 04/11/2013

Obama to report to his bosses today: Obama Meets With Blankfein, Dimon and Moynihan Today (BBG)

2007 is here all over again: Seeking Relief, Banks Shift Risk to Murkier Corners (NYT)

Kuroda Calls BOJ Inflation Target 'Flexible' (WSJ)

Lagarde warns over three-speed world (FT)

N. Korea’s Retro Propaganda Calls U.S. Boiled Pumpkin (BBG)

Luxembourg To Ease Bank Secrecy Rule, Share Data In 2015 (BBG)

Bank of Korea Keeps Policy Steady (WSJ)

BOE Stimulus Dilemma Persists as Inflation Seen Higher (BBG)

EU Sounds Alarm on Spain (WSJ)

Qatar gives Egypt $3bn aid package (FT)

RBNZ Says Deposit Insurance May Increase Risk of Bank Failure (BBG)

Plosser Calls for Reducing QE Pace Citing Gains in Labor Market (BBG)

Obama budget aims to kick start deficit-reduction talks (Reuters)

Overnight Sentiment: Keep Ignoring Fundamentals, Keep BuyingSubmitted by Tyler Durden on 04/11/2013 - Futures green? Check. Overnight ramp in either the EURUSD or USDJPY carry funding pair? Check? Lack of good economic news and plethora of economic misses? Check. In short, all the ingredients for continued New Normal record highs, driven only by the central bank liquidity tsunami are here. The weakness started with Australia's stunning unemployment jump overnight which saw a 36,100 drop in jobs on just 7,500 expected. A miss in Chinese auto sales was next, with 1.59MM cars sole in March, below the 1.596 expected, and even despite the surge in M2 and loan data, the Shanghai Composite closed down once again, dropping 0.29% to 2219.6. Nikkei continued its deranged liquidity-fueled ways, rising 1.96% even as Kuroda is starting to become quite concerned about the rapid move in the Yen, saying he "may adjust policy before the 2% target is reached if the economy and other indicators are growing rapidly." They aren't, and won't be, but if the Nikkei225 is confused for the economy, he just may push on the breaks which would send the only reason for the latest rally, the USDJPY tumbling. Finally, looking at Europe, Italy sold well less than the maximum €6 billion targeted in 2016, 2017 and 2028 bonds, which dented some of the enthusiasm for Italian paper although with Japanese money desperate to be parked somewhere, it will continue going into European and all other fixed income, distorting market signals for a long time. In short, expect the central-bank risk levitation to continue as all the deteriorating fundamentals and reality are ignored once more, and hopium and P/E multiple expansion are the only story in town.

Breaking Bad Durden - With earnings season underway, perhaps pulling back to 30,000 feet is worthwhile to glance at the macro environment that is backing these new all-time high nominal stock prices. These six charts say it all... http://albertpeia.com/breakingbad.htm

The Tunnel People That Live Under The Streets Of America

http://albertpeia.com/tunnelpeopleofamerica.htm

MarketWatch A 1998 danger signal resurfaces Michael Casey Commentary: As the yen slides, events of October 1998 should serve as a warning to markets.

The Little Boys Who Can’t Harry Dent http://survive-prosper.com http://albertpeia.com/littleboyswhocant.htm

BiT BuBBLe MaDNeSS... Posted by : williambanzai7 Post date: 04/10/2013 - Good ideas are not impervious to the madness of crowds.--WB7 http://albertpeia.com/bitbubblemadness.htm

A LeVeL PLaYiNG FieLD... Posted by: williambanzai7 Post date: 04/10/2013 - Tilted to the victors and... http://albertpeia.com/fraudcorruptionspoils.htm

Fed Releases Names Of Early FOMC Minutes Recipients: Include Employees Of Goldman, Barclays, JPM, Law And PE Firms Submitted by Tyler Durden on 04/10/2013 - We will release the full list of named recipients once we get it, but here is what we now for now, via BBG and CNN: *EMPLOYEES AT GOLDMAN SACHS, BARCLAYS, JP MORGAN, CITI, NOMURA, UBS, HSBC RECEIVED FED MINUTES EARLY YESTERDAY *MOST OF THE BANK EMPLOYEES APPEAR TO WORK IN GOVERNMENTAL RELATIONS (Lobbies) *ABA, SIFMA, SENATE STAFFERS RECEIVED FED MINUTES EARLY *FED NAMES 154 RECIPIENTS OF EARLY RELEASE OF FOMC MINUTES *FED MINUTES SENT EARLY TO BANKS, LAW FIRMS, PRIVATE EQUITY *FED EARLIER SAID RELEASE WENT MAINLY TO CONGRESS, TRADE GROUPS *NONE OF THE PEOPLE ON THE LIST ALERTED THE FED THAT THEY RECEIVED NONPUBLIC INFO A DAY EARLY In other words: absolutely everyone who trades risk assets for a living.

25 Things That You Should Do To Get Prepared For The Coming Economic Collapse

http://albertpeia.com/25thingsprepareforeconomiccollapse.htm

FeDeRaL ReSeRVe DoPe... Posted by : williambanzai7 Post date: 04/09/2013 - And the festival of greater fiat fools... http://albertpeia.com/federalreservedope.htm

Dow Jones At New All Time Highs - Here's Why http://albertpeia.com/allbaddataalltimehighs.htm

More Than 101 Million Working Age Americans Do Not Have A Job

http://albertpeia.com/morethan101millionwojobs.htm

MarketWatch U.S. stocks rise on ‘buy-the-dip’ mentality { Yeah … riiiiight … we’ve heard that one before, along with the Brooklyn bridge, watches, and jersey swampland (post-Sandy) they’re selling! }

THe END oF MF GLoBaL http://albertpeia.com/endofmfglobal.htm

This is the Worst Trade Off – Ever By Harry S. Dent, Jr., Editor, Survive & Prosper http://survive-prosper.com http://albertpeia.com/worsttradeoffever.htm

Where Do The Rich And Poor Live? ZH - From counties with a 50%-plus poverty rate to counties with over 20% of household incomes over $200,000, the United States is increasingly becoming a divided union. But all the time American Idol is on, and the iPad is still running, Aldous Huxley's vision of a 'numb' society (as opposed to an Orwellian 1984 'imposed' utopia) seems more and more realistic. http://albertpeia.com/whererichandpoorlive.htm

All Over America Evangelical Christians Are Being Labeled As “Extremists” And “Hate Groups”

http://albertpeia.com/christianslabeledextremistshategroups.htm

Billionaires are Dumping Stocks http://albertpeia.com/billionairesdumpingstocks.htm

13 SIGMA GODZILLA... Posted by : williambanzai7 Post date: 04/05/2013 - You have your fear which might become reality; and you have Godzilla, which IS reality.--Godzilla 1954 http://albertpeia.com/dezombiemeetsgodzilla.htm

The Chart That Will Crash The Market: “We Have Reached the Terminus” Karl Denninger | The screeching coming from CNBS and elsewhere this morning is amusing. http://albertpeia.com/marketcrashterminus.htm

21 Statistics About The Explosive Growth Of Poverty In America That Everyone Should Know

http://albertpeia.com/21statsexplosivegrowthofuspoverty.htm

BaNZai7'S IN-DePTh CoVeRaGe oF THe KiM CHee STaND OFF... Posted by : williambanzai7 Post date: 04/04/2013 - The days are gone forever, when our enemies could blackmail us with FWMD.--Kim Jong Un http://albertpeia.com/lillkimbo.htm

MarketWatch: BREAKING U.S. stocks end higher on Bank of Japan stimulus { Can you believe this ‘headline’? What total b***s***! All bad news … but there has to be a reason for the manipulated, fraudulent stock market to ralley? How pathetic! }

MarketWatch 4 strategies for the coming crash Paul B. Farrell Commentary: Even a kid in a TV commercial can figure out which solution is best. The Handy Investors Crash Loss Calculator By Paul B. Farrell, MarketWatch SAN LUIS OBISPO Calif. (MarketWatch) — ‘It’s not complicated. Prepare all you want. But the bull ends. The market sinks deep into its third bear of the 21st century. Wall Street loses another $10 trillion of our retirement money. ..’ http://albertpeia.com/4strategiesforcomingcrash.htm

The Big Banks Are Recklessly Gambling With Our Money, And It Will Cause The Global Financial System To Collapse

http://albertpeia.com/banksgamblingwithyourmoney.htm

THE END OF BARACK OBAMA? SCANDAL/ECONOMIC DISASTER BREWING! Porter Stansberry http://albertpeia.com/usobamadisaster.htm

ALERT: All Of The Money In Your Bank Account Could Disappear In A Single Moment

http://albertpeia.com/bankaccountswipedout.htm

A Surprising Number Of Americans Believe In Conspiracy Theories – And Many Of Them Are Actually True

http://albertpeia.com/trueconspiracytheories.htm

STaTe OF THe FiaT FaRCe... Posted by : williambanzai7 Post date: 04/03/2013 - Say what you will, it sure is fun to agitate the fiat worms by saying the word: Bitcoin! http://albertpeia.com/fiatfarce.htm

From North Dakota To New York - Let Freedom Ring In The 50 StatesSubmitted by Tyler Durden on 04/02/2013 - Every two years the 50 states compete for the title of "Most Free State," and George Mason University's Mercatus Center rankings based on 200 factors generalized under Fiscal Policy, Regulatory Policy, and Personal Freedom, provide significant color on just how free (or not) the various states are. New Hampshire was the 'free-est' state in 2011 but fell to 4th this year as North Dakota is 2013's 'free-est' state. New York and California bring up the rear as the least free states but the following clip and charts show just where the freedom is spreading - Georgia, Arizona, and Idaho; and where it is not - Oregon, Kansas, and Colarado. http://albertpeia.com/mostfreestate.htm

A DaNGeRouS BuBBLe... Posted by: williambanzai7 Post date: 04/02/2013 - There is no stock bubble--Mr Bubbles http://albertpeia.com/dangerousbubble.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

4-10-13

Breaking Bad Submitted by Tyler Durden on 04/10/2013 - With earnings season underway, perhaps pulling back to 30,000 feet is worthwhile to glance at the macro environment that is backing these new all-time high nominal stock prices. These six charts say it all... http://albertpeia.com/breakingbad.htm

The Tunnel People That Live Under The Streets Of America

http://theeconomiccollapseblog.com

http://albertpeia.com/tunnelpeopleofamerica.htm

MarketWatch A 1998 danger signal resurfaces Michael Casey Commentary: As the yen slides, events of October 1998 should serve as a warning to markets.

The Little Boys Who Can’t Harry Dent http://survive-prosper.com http://albertpeia.com/littleboyswhocant.htm

BiT BuBBLe MaDNeSS... Posted by : williambanzai7 Post date: 04/10/2013 - Good ideas are not impervious to the madness of crowds.--WB7 http://albertpeia.com/bitbubblemadness.htm

A LeVeL PLaYiNG FieLD... Posted by: williambanzai7 Post date: 04/10/2013 - Tilted to the victors and... http://albertpeia.com/fraudcorruptionspoils.htm

Fed Releases Names Of Early FOMC Minutes Recipients: Include Employees Of Goldman, Barclays, JPM, Law And PE Firms Submitted by Tyler Durden on 04/10/2013 - We will release the full list of named recipients once we get it, but here is what we now for now, via BBG and CNN: *EMPLOYEES AT GOLDMAN SACHS, BARCLAYS, JP MORGAN, CITI, NOMURA, UBS, HSBC RECEIVED FED MINUTES EARLY YESTERDAY *MOST OF THE BANK EMPLOYEES APPEAR TO WORK IN GOVERNMENTAL RELATIONS (Lobbies) *ABA, SIFMA, SENATE STAFFERS RECEIVED FED MINUTES EARLY *FED NAMES 154 RECIPIENTS OF EARLY RELEASE OF FOMC MINUTES *FED MINUTES SENT EARLY TO BANKS, LAW FIRMS, PRIVATE EQUITY *FED EARLIER SAID RELEASE WENT MAINLY TO CONGRESS, TRADE GROUPS *NONE OF THE PEOPLE ON THE LIST ALERTED THE FED THAT THEY RECEIVED NONPUBLIC INFO A DAY EARLY In other words: absolutely everyone who trades risk assets for a living.

Total Fiasco: Germans are the Poorest, Cypriots the Second Richest in The Eurozone Posted by : testosteronepit Post date: 04/10/2013 - Explains the political motivation for slamming the account holders in Cypriot banks.

States Fight Back Against MERS Mortgage Fraud Posted by: George Washington Post date: 04/10/2013 - MERS: The Center of the Mortgage Scam

BitCrash Continues: Down 40% And Dumping

Submitted by Tyler Durden on 04/10/2013

Will We Never Learn? Submitted by Tyler Durden on 04/10/2013 - While many of us have been shouting about this from the rooftops for years now, with each passing day it becomes more clear what a terrifyingly gigantic powder keg we have created.  There is no debate that this will end in a compete financial holocaust, the only question is when and how.  As time progresses, the practices and desperation of the status quo to keep the sheeple in debt and consuming is getting increasingly insane. Introducing the 97-month auto loan...

Housing 'Recovery' Shifts To Contraction Submitted by Tyler Durden on 04/10/2013 - Despite the market knowing better, the so-called housing recovery has hit a speed-bump (or brick-wall). Goldman's housing swirlogram shows that the revisions from an exuberant few months into January 2013 have dragged the reality of the 'recovery' rotating into full-blown 'expansion' to a crumble back into 'contraction'. Of course, we have seen homebuilder stocks exuberant like this before in the face of disappointing facts, but even the NAHB (desperate to portray confidence) is 'admitting' things are not as rosy as all-time highs in stocks might suggest.

Europe Extends Confiscatory Non-Template 'Template' To Interbank Deposits Submitted by Tyler Durden on 04/10/2013 -While every European leader, banker, street-sweeper has made a point to use the phrase "Cyprus was not a template" in the last few weeks since D-Boom dropped his tape-bomb, it appears that in reality plans continue to push ahead to indeed 'legalize' these confiscations. As Reuters reports, European Union ministers will consider a proposal this week to impose losses on short-term interbank deposits of lenders. The proposal is part of wider talks to consider when depositors should be bailed-in. Of course, it makes sense that banks should 'not' get special treatment for their overnight lending operations to one another, but the EU leaders want to ensure that these 'sacred' deposits do not escape confiscation, "while it is acknowledged that bailing in interbank liabilities may carry certain risks; on balance, it is preferable... that these liabilities are not excluded from bail-in". Of course, this will worry the ECB as they have worked so hard to unfreeze the interbank lending market post-crisis (with their direct backstops and intermediation). So while there is no template, and Cyprus is unique, it appears the new 'resolution' laws provide a clear plan (not template) for reaching all the way down the capital structure just as they did in Cyprus (and is legally correct from a pari passu basis).

Did The Shorts Capitulate? Submitted by Tyler Durden on 04/10/2013 - We noted yesterday that the 'gains' that shorts had temporarily enjoyed from the start of April were rapidly squeezed out since the gap-open lows on NFP Friday. However, yesterday's massive outperformance of the Russell 3000's 'most-shorted' names relative to the index itself suggest more than a few weak hands threw in the towel. Desk chatter this morning was that this was the largest cover day since June. Of course, this morning's ramp suggests there are more stops and shorts to be chewed through yet...

Here We Go: Cyprus To Sell €400 Million In Gold, About 75% Of Its Total Holdings, To Finance Part Of Its Bailout Submitted by Tyler Durden on 04/10/2013 - Curious why every bank and their grandmother, and most recently Goldman today, has been lining up to push the price of gold as low as possible? Here's why: CYPRUS TO SELL 400 MLN EUROS WORTH OF GOLD RESERVES TO FINANCE PART OF ITS BAILOUT - TROIKA DOCUMENTS – RTRS Or about 10 tons of gold. But... the bailout was prefunded and there was no need to provide any additional cash? What happened: was the deposit outflow discovered to have been even greater than the worst case scenario and thus Cyprus needed even more cash? As for the buyers? We will venture a guess: central banks buying at the lows. Finally: congratulations Cypriots. You are now handing over your gold for the one time, unbeatable opportunity to remain a vassal state to the Eurozone. But at least you have your €.

10 Year US Paper Prices In Subpar Auction Submitted by Tyler Durden on 04/10/2013 - Moments ago the Treasury priced it latest monthly issuance of 10 Year bonds in the form of a $21 billion reopening of one of the Fed's favorite CUSIPs to monetize, the 912828UN8 first auctioned off in February. The auction was hardly stellar, with the yield closing at 1.795%, tailing the When Issued of 1.790% by half a basis point. The Bid to Cover was also rather weak at 2.79, well below March's 3.19, and under the TTM average of 2.96%. Yet for all the complaining by the Dealer community, they ended up taking down 33.6% of the auction, with $40.8 billion in bids tendered, a 17.3% hit rate, and well above the 22.3% take down in March. The direct took down a sizable 29.1%, above the TTM average of 21.6%, leaving 37.3% to the Indirects, precisely as much as they had been allotted in the average auction during the past year. Still, hardly was the auction the disaster that Goldman's downgrade of the 10 Year point on the curve would have made it seem earlier today.

Where Honesty Is The Worst Policy Submitted by Tyler Durden on 04/10/2013 - Remember the Wal-Mart employee who sent out an intercepted email disclosing that "Wal-Mart February sales were a "total disaster", and was the worst monthly start since 2006"? Well, he won't be making that mistake ever again.

Guest Post: Which Dominoes Are Next To Fall In Europe? Submitted by Tyler Durden on 04/10/2013 - Wondering which dominoes are next to fall in Europe? Here is a list based on a simple but powerful precept: follow the smart money. In this case, the smart money entered the at-risk banking sector of a particular nation to skim the fat premium offered by its higher interest rates--rates that reflected the higher risk. The smart money then exits the nations' banking sector before the inevitable solvency crisis triggers capital controls and depositor expropriations (the comically misleading "bail-in"). Why is any money left in at-risk periphery banks? "Things fail from the periphery to the core." With this in mind, we might arrange the dominoes in this order: Slovenia, Portugal, Malta, and then Spain.

Cyprus Suspends Probe Into Who Withdrew Money EarlySubmitted by Tyler Durden on 04/10/2013 - In a day full of stunners, we next get news from Cyprus, where a few weeks after the start of the "investigation" into who pulled their cash out of the country's doomed banking system in advance of the confiscation news on March 16 (and where even the current president was implicated in transferring over €20 milion in family money to London) the parliamentary committee tasked with tracking down the leaks, has suspended its probe. As it turns out, it was "all the central bank's fault", which was charged with providing the data. The head of the Cypriot parliament's ethics committee, which was due to look into a list detailing transfers of more than 100,000 euros from the two major banks - Bank of Cyprus and Cyprus Popular Bank - said on Tuesday that the list fell short of what he had requested. "It was with great disappointment and anger that, when we opened the envelope, we realized it contained data for only 15 days even though we had asked for a year," lawmaker Demetris Syllouris told reporters. "This kind of behavior is unacceptable."

Europe Is 'Fixed' Again Submitted by Tyler Durden on 04/10/2013 - No news is good news apparently. European stocks had their best day in over seven months today. Spanish and Italian equity indices surged - now +4.7% on the week. Italian bank stocks were halted limit up. European bank stocks smashed 6% higher - the biggest rally day since early September. Sovereign bond spreads leaked lower (Italy/Spain -16-20bps on the week). EURUSD ended the EU session -20pips (but off over 65 pips from overnight highs). While stocks went out at their highs (and credit at its tights), Europe's VIX pushed notably off its lows into the close - ending at 19.2% (and Swiss2Y held near its lows of the year).

Meet The Fed Employee Who Leaked The FOMC Minutes Submitted by Tyler Durden on 04/10/2013 - Presenting Brian Gross, Special Assistant to the Fed for Congressional Liaison, who as Bloomberg reveals, is the person who released the FOMC minutes at 2 pm yesterday. Amusingly, Brian worked as Chief Ethics Officer while he was a deputy staff direct on the Banking, Housing and Urban Affairs Committee. Just as amusing is that according to his LinkedIn profile, Brian is involved in virtually every governmental organization, up to an including the Securities and Exchange Commission Alumni Association.

Obama Budget Sees Lower Growth But Housing, Autos 'Resurgent'Submitted by Tyler Durden on 04/10/2013 - It's all about the children... President Obama has just proposed a budget with a clear message from what we can tell:*OBAMA BUDGET SEEKS TO TAX CARRIED INTEREST AS ORDINARY INCOME*OBAMA BUDGET IMPOSES MARK-TO-MARKET TAXATION ON DERIVATIVES*OBAMA BUDGET CAPS DEDUCTIONS FOR TOP EARNERS, RAISES ESTATE TAXand while the budget lowers growth expectations for the US notably (from 2.7% to 2.3% for 2013, and from 3.5% to 3.2% in 2014), it assumes: *U.S. BUDGET SAYS HOUSING RECOVERING, AUTOS `AGAIN RESURGENT', and so *OBAMA BUDGET SEES $51 BILLION GAIN FROM FANNIE MAE, FREDDIE MAC ... For the first time since 2000, the budget plans to collect 20% of GDP as revenue (compared to 16.9% this year). Winners and losers are...

Is This The Reason For Yesterday's Late Day Fade?Submitted by Tyler Durden on 04/10/2013 - While the Fed's spoksperson has reassured us that none of the 100 or so people who received the somewhat hawkish Fed minutes prematurely (right-time, wrong date) yesterday traded on that information, coincidental trading behavior appears to tell a different story. The inexorable rise seemed to halt almost instantly as the Minutes were released and read by humans this time driving the S&P down 6 points into the close...

25 Things That You Should Do To Get Prepared For The Coming Economic Collapse

http://albertpeia.com/25thingsprepareforeconomiccollapse.htm

FeDeRaL ReSeRVe DoPe... Posted by : williambanzai7 Post date: 04/09/2013 - And the festival of greater fiat fools... http://albertpeia.com/federalreservedope.htm

Dow Jones At New All Time Highs - Here's Why http://albertpeia.com/allbaddataalltimehighs.htm

More Than 101 Million Working Age Americans Do Not Have A Job

http://albertpeia.com/morethan101millionwojobs.htm

MarketWatch U.S. stocks rise on ‘buy-the-dip’ mentality { Yeah … riiiiight … we’ve heard that one before, along with the Brooklyn bridge, watches, and jersey swampland (post-Sandy) they’re selling! }

THe END oF MF GLoBaL http://albertpeia.com/endofmfglobal.htm

This is the Worst Trade Off – Ever By Harry S. Dent, Jr., Editor, Survive & Prosper http://survive-prosper.com http://albertpeia.com/worsttradeoffever.htm

Where Do The Rich And Poor Live? ZH - From counties with a 50%-plus poverty rate to counties with over 20% of household incomes over $200,000, the United States is increasingly becoming a divided union. But all the time American Idol is on, and the iPad is still running, Aldous Huxley's vision of a 'numb' society (as opposed to an Orwellian 1984 'imposed' utopia) seems more and more realistic. http://albertpeia.com/whererichandpoorlive.htm

All Over America Evangelical Christians Are Being Labeled As “Extremists” And “Hate Groups”

http://albertpeia.com/christianslabeledextremistshategroups.htm

Billionaires are Dumping Stocks http://albertpeia.com/billionairesdumpingstocks.htm

13 SIGMA GODZILLA... Posted by : williambanzai7 Post date: 04/05/2013 - You have your fear which might become reality; and you have Godzilla, which IS reality.--Godzilla 1954 http://albertpeia.com/dezombiemeetsgodzilla.htm

The Chart That Will Crash The Market: “We Have Reached the Terminus” Karl Denninger | The screeching coming from CNBS and elsewhere this morning is amusing. http://albertpeia.com/marketcrashterminus.htm

21 Statistics About The Explosive Growth Of Poverty In America That Everyone Should Know

http://albertpeia.com/21statsexplosivegrowthofuspoverty.htm

BaNZai7'S IN-DePTh CoVeRaGe oF THe KiM CHee STaND OFF... Posted by : williambanzai7 Post date: 04/04/2013 - The days are gone forever, when our enemies could blackmail us with FWMD.--Kim Jong Un http://albertpeia.com/lillkimbo.htm

MarketWatch: BREAKING U.S. stocks end higher on Bank of Japan stimulus { Can you believe this ‘headline’? What total b***s***! All bad news … but there has to be a reason for the manipulated, fraudulent stock market to ralley? How pathetic! }

MarketWatch 4 strategies for the coming crash Paul B. Farrell Commentary: Even a kid in a TV commercial can figure out which solution is best. The Handy Investors Crash Loss Calculator By Paul B. Farrell, MarketWatch SAN LUIS OBISPO Calif. (MarketWatch) — ‘It’s not complicated. Prepare all you want. But the bull ends. The market sinks deep into its third bear of the 21st century. Wall Street loses another $10 trillion of our retirement money. ..’ http://albertpeia.com/4strategiesforcomingcrash.htm

The Big Banks Are Recklessly Gambling With Our Money, And It Will Cause The Global Financial System To Collapse

http://albertpeia.com/banksgamblingwithyourmoney.htm

THE END OF BARACK OBAMA? SCANDAL/ECONOMIC DISASTER BREWING! Porter Stansberry http://albertpeia.com/usobamadisaster.htm

ALERT: All Of The Money In Your Bank Account Could Disappear In A Single Moment

http://albertpeia.com/bankaccountswipedout.htm

A Surprising Number Of Americans Believe In Conspiracy Theories – And Many Of Them Are Actually True

http://albertpeia.com/trueconspiracytheories.htm

STaTe OF THe FiaT FaRCe... Posted by : williambanzai7 Post date: 04/03/2013 - Say what you will, it sure is fun to agitate the fiat worms by saying the word: Bitcoin! http://albertpeia.com/fiatfarce.htm

From North Dakota To New York - Let Freedom Ring In The 50 StatesSubmitted by Tyler Durden on 04/02/2013 - Every two years the 50 states compete for the title of "Most Free State," and George Mason University's Mercatus Center rankings based on 200 factors generalized under Fiscal Policy, Regulatory Policy, and Personal Freedom, provide significant color on just how free (or not) the various states are. New Hampshire was the 'free-est' state in 2011 but fell to 4th this year as North Dakota is 2013's 'free-est' state. New York and California bring up the rear as the least free states but the following clip and charts show just where the freedom is spreading - Georgia, Arizona, and Idaho; and where it is not - Oregon, Kansas, and Colarado. http://albertpeia.com/mostfreestate.htm

A DaNGeRouS BuBBLe... Posted by: williambanzai7 Post date: 04/02/2013 - There is no stock bubble--Mr Bubbles http://albertpeia.com/dangerousbubble.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

4-09-13

25 Things That You Should Do To Get Prepared For The Coming Economic Collapse

http://theeconomiccollapseblog.com

http://albertpeia.com/25thingsprepareforeconomiccollapse.htm

FeDeRaL ReSeRVe DoPe... Posted by : williambanzai7 Post date: 04/09/2013 - And the festival of greater fiat fools... http://albertpeia.com/federalreservedope.htm

Cyprus Paved the Way For an FDIC-Approved Money Grab Posted by: Phoenix Capital... Post date: 04/09/2013 -   If you think this cannot happen in the US, think again. The FDIC has already proposed legislation that would allow it to TAKE CONTROL OF A BANK IT DEEMS SYSTEMICALLY IMPORTANT AND WRITE DOWN...

The Fed’s Own Fear Scale Soars: Holdings of Cold Hard Cash Posted by: testosteronepit Post date: 04/09/2013 - A sign of "economic and political turmoil"

Dow Jones At New All Time Highs - Here's Why

Submitted by Tyler Durden on 04/09/2013 – http://albertpeia.com/allbaddataalltimehighs.htm

Curious why the Dow Jones just hit new all time highs? Here's a partial list of recent economic events:

*Markit US PMI    Miss

*ISM Manufacturing    Miss

*ISM New York    Miss

*Vehicle Sales    Miss

*ADP Employment    Miss

*ISM Services    Miss

*Challenger Job Cuts     Miss

*Initial Claims    Miss

*Trade Balance    Beat

*Non-Farm Payrolls    Miss

*Hourly Earnings    Miss

*NFIB Small Business    Miss

*Wholesale Inventories    Miss

Another Dow Record As 3:30 Pump Becomes 3:30 Dump Submitted by Tyler Durden on 04/09/2013 - The 'down-up' streak is over, long live the next streak. Precious metals had a big day with Silver and Gold surging 1-2% (among the biggest moves in 7 months); Treasuries pushed higher in yield from the open but faded rapidly into the close to end unchanged ay 1.75%; Commodities in general were bid on the back (supposedly) of China's lower inflation print; IG credit was bid while HY credit (spreads not the HYG ETF) rolled over into the close. What was most evident was the total and utter failure of the 3:30pm Ramp - it seems our discussion of the farce last night brought a world of front-runners to the game and runied the Algos day as instead orallying S&P 500 futures dropped 4 points in the last 30 minutes - this is the biggest 3:30-to-4:00 loss in six week (and 3rd biggest of year). The world was celebrating another new all-time high in the Dow and the S&P gave back half its gains to close +4 points; but the Dow Transports closed -0.3%, and the Russell 2000 (for so long Bernanke's policy tool) ended -0.23%.

The Day The Government Seized Americans' Gold - April 5th 1933Submitted by Tyler Durden on 04/09/2013 - April 5th, 1933, FDR confiscated every gold coin, bar, or certificate and people had to turn in their gold to the Federal Government or else they would face a fine of $10,000 or 10 years in jail. That is about $179,000 in today’s money.  You were able to keep a small amount or some rare coins and those that did give up their gold received about $20/oz.  “Why would the government do that?” asks Ms. Steel.  They did this for the following reasons: 1)To prevent hoarding. 2)To devalue the dollar during the Great Depression. 3)The government set the gold price at $35/oz and pegged it to the dollar. “But this could never happen again, right?” asks Ms. Steel. “Well tell that to Texas.”

Guest Post: Good Banker, Bad Banker Submitted by Tyler Durden on 04/09/2013 - It's important to draw a line between two very different flavors of banker: "restrained" (Dr. Jekyll) and "unrestrained" (Mr. Hyde). The key feature of a sustainable, non-parasitic banking sector is that banks and bankers have "skin in the game," i.e. they personally suffer losses when their loans and bets go bad. This is the essence of moral hazard: the separation of risk from consequence. Put another way, those who are insulated from risk will have an insatiable appetite for risky bets because any gains will be theirs to keep but any losses will be covered by the central bank or government: this is known as "privatizing profits and socializing losses." The Federal Reserve, the Obama Administration, the housing agencies and the U.S. Treasury are all offering bankers and financiers high-payoff tables that require no skin in the game. No wonder our system is dominated by the unrestrained bankers, sociopathological Mr. Hydes who offer a few coins in compensation for running down the nation.

The Next Capital Control: Banning The €500 Bill Submitted by Tyler Durden on 04/09/2013 - As SF Fed's John Williams notes (here), cash is king, but the strange thing is that while credit/debit transactions rise exponentially, the cash in circulation is also rising at a rapid pace. So where does all the cash go? The short answer is into large-denomination bills and out of the country by his findings. While low denomination bills suffer (as we discussed here) it is worth asking who is 'hoarding' the $100 bills? This is the question that BofAML asks in Europe as the huge EUR500 Bill (the developed world's highest value note in circulation) remains in great demand (apparanelty by shady offshore types). This is not good news for the central banks of the world as they run dry of monetary policy tools to drive velocity in money (or spending). BofAML's proposal: Ban the EUR500 Bill; force those shady people who 'stack' these high denomination bills to spend that money into circulation. This would appear to be the latest 'capital control' strawman, 'floated' to eliminate the people's right to keep cash segregated from a banking system and out of broad electronic circulation. So in both the US and Europe, high denomination bills are being hoarded (or exported to 'safe' havens) as Williams notes, "around the world, during periods of political unrest or war, cash - especially the currency of a stable country... - is seen as a safe asset that can be spirited out of harm’s way with relative ease." This, of course, is not what the elites want - and we suspect a "ban the EUR500 Bill" legislation will be coming soon to the EU Commission.

Short Squeeze? Silver Surges Most In 7 Months Submitted by Tyler Durden on 04/09/2013 - Following yesterday's note on the near-record level of shorts in Silver futures, it is perhaps just a coincindence that spot silver prices are surging today - their biggest jump in seven months. Gold is also having one of its best 3-day runs in the last nine months, yet both moves are peanuts compared to what is going on in the "electronic" asset arena, namely the policy vehicle formerly known as "stocks" and BitCoin, both of which are racing for the title of most insane parabolic bubble ever.

Non-Dealer Interest In 3 Year US Paper Plunges To January 2009 LevelsSubmitted by Tyler Durden on 04/09/2013 - A few days ago, Bloomberg released an article in which it described the lamentations emanating from the Primary Dealers whose role in bond purchases is being increasingly undercut by Direct bidders who get to buy US paper directly from the Treasury and without Dealer intermediation. Well, no such worries in today's just concluded $32 billion auction of 3 Year paper, which closed moments ago at a high yield of 0.342%, the lowest "high yield" in 2013 and a Bid To Cover of 3.238, the lowest since September 2011. But what was most notable is that the combined take down of Directs and Indirects was a tiny 35.1%: the lowest non Dealer interest since January 2009. Naturally, the Dealer take down was the inverse or 64.9%, which also was the largest since January 2009. Obviously all this paper will be promptly sold back to the Fed, but any artificial (and inaccurate) concerns that Dealers are not getting their due allocation of paper can now be put to rest.

The 2012 Analog Continues Submitted by Tyler Durden on 04/09/2013 - While the 2012 Deja-Vu chart analog continues to play out in far too similarly scary manner than many had believed possible, a glance at the catalysts over the two months that form the 'tops' should also send a shiver down the spine of the momentum believers. In 2012, the first dip was the Greek default and restructuring (a Europe-based crisis risk flare); that dip was bought (of course) as "the worst is behind us," only to see a miss in US non-farm payrolls confirm the "it's different this time," hopers were wrong once again. In 2013, the Italian election created a Europe crisis risk-flare, which was bought (of course) as "the ECB has our back", and then a month later, the non-farm payroll prints at a dismal level. For now, we remain hopefully bid on a sea of central bank liquidity (just as we were in 2012 thanks to ECB's LTROs) but what happens when 'markets' realize the hole is bigger than the central banks can fill?

Guest Post: What Do Interest Rates Tell Us About The Economy Submitted by Tyler Durden on 04/09/2013 - Despite the mainstream analysts' calls for a "great rotation" by investors from bonds to stocks - the reality has been quite the opposite.  While the 10-year treasury rate rose from the recessionary lows signaling some economic recovery in 2009; the decline in rates coincided with the evident peak in economic growth for the current cycle that begin in earnest in 2012 - "With rates plunging in recent weeks the indictment from the bond market concurs with the longer term data that the economy remains at risk." Despite the calls for the end of the "bond bubble" the current decline in interest rates are suggesting that the real risk is to the economy.  The aggressive monetary intervention programs by the Federal Reserve, along with the ECB and BOJ, continue to support the financial markets but are gaining little traction within the real economy. Of course, this is likely why the current quantitative easing program is "open-ended" because the Fed has finally realized that there is no escape.   The next economic crisis is coming - the only questions are "when" and "what causes it?"  The problem is that next time - monetary policy might not save investors.

More Than 101 Million Working Age Americans Do Not Have A Job

http://albertpeia.com/morethan101millionwojobs.htm

MarketWatch U.S. stocks rise on ‘buy-the-dip’ mentality { Yeah … riiiiight … we’ve heard that one before, along with the Brooklyn bridge, watches, and jersey swampland (post-Sandy) they’re selling! }

THe END oF MF GLoBaL http://albertpeia.com/endofmfglobal.htm

This is the Worst Trade Off – Ever By Harry S. Dent, Jr., Editor, Survive & Prosper http://survive-prosper.com http://albertpeia.com/worsttradeoffever.htm

Where Do The Rich And Poor Live? ZH - From counties with a 50%-plus poverty rate to counties with over 20% of household incomes over $200,000, the United States is increasingly becoming a divided union. But all the time American Idol is on, and the iPad is still running, Aldous Huxley's vision of a 'numb' society (as opposed to an Orwellian 1984 'imposed' utopia) seems more and more realistic. http://albertpeia.com/whererichandpoorlive.htm

All Over America Evangelical Christians Are Being Labeled As “Extremists” And “Hate Groups”

http://albertpeia.com/christianslabeledextremistshategroups.htm

Billionaires are Dumping Stocks http://albertpeia.com/billionairesdumpingstocks.htm

13 SIGMA GODZILLA... Posted by : williambanzai7 Post date: 04/05/2013 - You have your fear which might become reality; and you have Godzilla, which IS reality.--Godzilla 1954 http://albertpeia.com/dezombiemeetsgodzilla.htm

The Chart That Will Crash The Market: “We Have Reached the Terminus” Karl Denninger | The screeching coming from CNBS and elsewhere this morning is amusing. http://albertpeia.com/marketcrashterminus.htm

21 Statistics About The Explosive Growth Of Poverty In America That Everyone Should Know

http://albertpeia.com/21statsexplosivegrowthofuspoverty.htm

BaNZai7'S IN-DePTh CoVeRaGe oF THe KiM CHee STaND OFF... Posted by : williambanzai7 Post date: 04/04/2013 - The days are gone forever, when our enemies could blackmail us with FWMD.--Kim Jong Un http://albertpeia.com/lillkimbo.htm

MarketWatch: BREAKING U.S. stocks end higher on Bank of Japan stimulus { Can you believe this ‘headline’? What total b***s***! All bad news … but there has to be a reason for the manipulated, fraudulent stock market to ralley? How pathetic! }

MarketWatch 4 strategies for the coming crash Paul B. Farrell Commentary: Even a kid in a TV commercial can figure out which solution is best. The Handy Investors Crash Loss Calculator By Paul B. Farrell, MarketWatch SAN LUIS OBISPO Calif. (MarketWatch) — ‘It’s not complicated. Prepare all you want. But the bull ends. The market sinks deep into its third bear of the 21st century. Wall Street loses another $10 trillion of our retirement money. ..’ http://albertpeia.com/4strategiesforcomingcrash.htm

The Big Banks Are Recklessly Gambling With Our Money, And It Will Cause The Global Financial System To Collapse

http://albertpeia.com/banksgamblingwithyourmoney.htm

THE END OF BARACK OBAMA? SCANDAL/ECONOMIC DISASTER BREWING! Porter Stansberry http://albertpeia.com/usobamadisaster.htm

ALERT: All Of The Money In Your Bank Account Could Disappear In A Single Moment

http://albertpeia.com/bankaccountswipedout.htm

A Surprising Number Of Americans Believe In Conspiracy Theories – And Many Of Them Are Actually True

http://albertpeia.com/trueconspiracytheories.htm

STaTe OF THe FiaT FaRCe... Posted by : williambanzai7 Post date: 04/03/2013 - Say what you will, it sure is fun to agitate the fiat worms by saying the word: Bitcoin! http://albertpeia.com/fiatfarce.htm

From North Dakota To New York - Let Freedom Ring In The 50 StatesSubmitted by Tyler Durden on 04/02/2013 - Every two years the 50 states compete for the title of "Most Free State," and George Mason University's Mercatus Center rankings based on 200 factors generalized under Fiscal Policy, Regulatory Policy, and Personal Freedom, provide significant color on just how free (or not) the various states are. New Hampshire was the 'free-est' state in 2011 but fell to 4th this year as North Dakota is 2013's 'free-est' state. New York and California bring up the rear as the least free states but the following clip and charts show just where the freedom is spreading - Georgia, Arizona, and Idaho; and where it is not - Oregon, Kansas, and Colarado. http://albertpeia.com/mostfreestate.htm

A DaNGeRouS BuBBLe... Posted by: williambanzai7 Post date: 04/02/2013 - There is no stock bubble--Mr Bubbles http://albertpeia.com/dangerousbubble.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

4-08-13

More Than 101 Million Working Age Americans Do Not Have A Job

http://theeconomiccollapseblog.com

http://albertpeia.com/morethan101millionwojobs.htm

MarketWatch U.S. stocks rise on ‘buy-the-dip’ mentality { Yeah … riiiiight … we’ve heard that one before, along with the Brooklyn bridge, watches, and jersey swampland (post-Sandy) they’re selling! }

THe END oF MF GLoBaL Posted by: williambanzai7 Post date: 04/06/2013 - The swindling art is in his tentacles... http://albertpeia.com/endofmfglobal.htm

This is the Worst Trade Off – Ever By Harry S. Dent, Jr., Editor, Survive & Prosper http://survive-prosper.com http://albertpeia.com/worsttradeoffever.htm

Where Do The Rich And Poor Live?Submitted by Tyler Durden on 04/08/2013 - From counties with a 50%-plus poverty rate to counties with over 20% of household incomes over $200,000, the United States is increasingly becoming a divided union. But all the time American Idol is on, and the iPad is still running, Aldous Huxley's vision of a 'numb' society (as opposed to an Orwellian 1984 'imposed' utopia) seems more and more realistic. http://albertpeia.com/whererichandpoorlive.htm

All Over America Evangelical Christians Are Being Labeled As “Extremists” And “Hate Groups”

http://endoftheamericandream.com

http://albertpeia.com/christianslabeledextremistshategroups.htm

More Than 101 Million Working Age Americans Do Not Have A Job Submitted by Tyler Durden on 04/08/2013 - The jobs recovery is a complete and total myth.  The percentage of the working age population in the United States that had a job in March 2013 was exactly the same as it was all the way back in March 2010.  In addition, as you will see below, there are now more than 101 million working age Americans that do not have a job.  But even though the employment level in the United States has consistently remained very low over the past three years, the Obama administration keeps telling us that unemployment is actually going down. Anyone that tells you that "a higher percentage of Americans are working today" is telling you a complete and total lie.  The sad truth is that there has been no jobs recovery whatsoever. If things were getting better, there would not be more than 101 million working age Americans without a job. http://albertpeia.com/morethan101millionwojobs.htm

As Confidence In Dollar Wanes, Over A Dozen States Push For Gold As Legal Tender Submitted by Tyler Durden on 04/08/2013 - In more than a dozen states, legislators are pushing for a movement back to a world where gold is considered money. As Bloomberg reports, lawmakers in Arizona are poised to follow Utah, which authorized bullion for currency in 2011. Similar bills are advancing in Kansas, South Carolina and other states to recognize gold and silver coins as legal tender. "The legislation is about signaling discontent with monetary policy and about what Ben Bernanke is doing," which seems confirmed by the recent shift in Texas to bring its gold back from the New York bank warehouse. The new measures would give "people the option of using money that won’t lose any purchasing power to inflation," one supporter of the bill explained, with another adding, "there is a fear that the government, or Bernanke in particular and the Federal Reserve, is pursuing a policy that will lead to the collapse of the dollar." The U.S. Constitution bars states from coining money and also forbids them from making anything except gold and silver coin tender for paying debts. Advocates say that opens the door for the states to allow bullion as legal tender.

JCPenney CEO Ron Johnson Is OutSubmitted by Tyler Durden on 04/08/2013 - So much for the "transformational" CEO, poached from AAPL and credited with creating the AAPL retail mystique. As per CNBC, he now effectively "out": J.C. PENNEY TO OUST RON JOHNSON AS CEO: CNBC J.C. PENNEY'S CEO JOHNSON `IS OUT': CNBC At least he lasted just a bit longer than the former JCP president Mike Francis, who came, saw, collected $10 million, and quit nine months later.

Down, Up, Down, Up, Down, Up, Down, Up, Down, Up, Down, Up, Down... UpSubmitted by Tyler Durden on 04/08/2013 - Thanks to yet another JPYgasm (which saw the currency lose 1.8% against the USD on the day), stocks were levitated off early weakness amid the lowest non-holiday volume day and lowest average trade size. The message we are supposed to garner is "we don't need no stinkin' jobs" as all the cash indices were lifted to fill the non-farm payroll gap. Treasury yields rose 2-3bps but the 30Y remains massively off pre-NFP levels (as opposed to stocks) suggestive of the JPY rotation bid. Homebuilders were the high-beta ramp of choice, gaining almost 2% (why not?) on absolutely no news whatsoever (and are 2.6% higher than pre-NFP! Copper and Oil rose around 0.9% on the day even with the USD gaining 0.25% broadly. Silver and Gold leaked 0.4% lower from Friday's close. VIX dropped around 0.5 vols holding at 13.5% (below its pre-NFP level). So stocks back to pre-NFP levels (as is the USD) on dismal volume, VIX better than that, but safety is bid with Swiss rates, US Treasuries, and Gold in demand. JPY remains the story - now 7% weaker against the USD since the BoJ news - orderly?

80% Chance Of 40% Silver Short SqueezeSubmitted by Tyler Durden on 04/08/2013 - In the last 20 years, Silver shorts (in Silver futures, based on the Commitment of Traders data) has only been as high as it is currently for five periods. Four of those five periods were followed by considerable rallies in silver prices. The one period where prices flatlined (fell modestly) was a slow and steady rise in shorts (as opposed to the spike-like move currently). Of course, with near record amounts on the short side of the boat, it would seem clear where Silver should go next but this time is different we will be told.

Guest Post: Are Canadian Oil Policies Misguided?Submitted by Tyler Durden on 04/08/2013 - The provincial government in Alberta is mulling new rules that would require the oil industry to cut greenhouse gas emissions tied to oil sands production by as much as 40 percent per barrel. The measure may be part of the federal government's push to allay Washington's concerns about the Keystone XL pipeline. Some of the concern surrounding the production of oil sands, the type of oil designated for the controversial pipeline, is that it's more carbon intensive to produce than conventional oil. Alberta's government has expressed concern that it won't be able to meet its emission targets without new rules, though some in the oil industry may be already ahead of the game. While emissions may be part of the debate over the controversial cross-border pipeline, a financial analysis suggests the Canadian government is looking in the wrong direction.

The Next Domino: Australia Doubles Tax On Retirement SavingsSubmitted by Tyler Durden on 04/08/2013 - Though Australia’s national balance sheet is comparatively quite strong, the government has been running at a net deficit for years... and they’re under intense pressure to balance the budget. The good news is that Australia now has a goodly number of investor-friendly immigration programs designed to bring productive foreigners into the country, similar to the trend we’re seeing across Europe. On the flip side, though, the Australian government has just announced new rules which penalize citizens who have responsibly set aside savings for their own retirement. If the Australian government can unilaterally change the rules and start double-taxing retirement accounts, so can the US. And the trillions of dollars in retirement savings in the Land of the Free is far too irresistible for them to ignore.

Putin, Merkel Charged By Naked Female ProtestersSubmitted by Tyler Durden on 04/08/2013 - While we are sure Frau Merkel and Tovarish Putin are still best buddies since the Cyprus shenanigans, it appears the German host wanted to make sure the Russian felt at home and laid on some entertainment at a tech conference. The two top-less women protesting Putin shouted obscenities and yet the Russian president's face said it all - as did his double finger-pistols.

From The Painfully Obvious To The Utterly Ridiculous - Your Taxpayer Dollars At WorkSubmitted by Tyler Durden on 04/08/2013 - Until now it has been up to the San Francisco Fed to carry the torch for digging-holes-and-filling-them-back-in style research but the Boston Fed may just have trumped them. In the past the SF Fed has found the painfully obvious such as: it is Bernanke's fault that unemployment duration is so long, that 'this time it really is different', and asked what effect QE3 will have on the US economy. But this research article on the effect of sunspots by the Boston Fed takes the proverbial biscuit. The conclusion, which is perhaps useful for the propagandists-in-chief, is that during sunspot activity, people act less rationally. What next? Do Sagittarians make better lovers economists? We are sure all of these discussions are well researched and will be helpful for tenure and possibly the next Nobel prize.

Record 2,564 Spanish Firms File For Bankruptcy In Q1, 45% Higher Than Year AgoSubmitted by Tyler Durden on 04/08/2013 - Perhaps the best measure to gauge the European recovery is by the soaring number of companies going bust, because only from this perspective is Europe finally "fixed." As Reuters reports citing a report by Axesor, a record 2,564 companies filed for "insolvency proceedings", a more palatable version of the word bankruptcy, in the first quarter - an increase of 10% from Q4 and up a whopping 45% from Q1 2012. The reasons given: "tight credit conditions and meager demand." Or in other words: no actual cash flow to fund demand for products and services. Obviously it will take some truly phenomenal massaging and manipulation to represent GDP as rising in this environment, but we are confident the Spanish authorities are already on it, and somehow the Spanish pension fund, already 97% filled with Spanish government bonds, will somehow have a finger in yet another completely unbelievable economic print which will fool most of the algos most of the time on flashing red Bloomberg headlines.

Frontrunning: April 8

Submitted by Tyler Durden on 04/08/2013

Finally the MSM catches up to reality: Workers Stuck in Disability Stunt Economic Recovery (WSJ)

China opens Aussie dollar direct trading (FT)

National Bank and Eurobank Fall as Merger Halted (BBG)

Why Making Europe German Won’t Fix the Crisis - The Bulgarian case study (BBG)

Nikkei hits new highs as yen slides (FT)

Housing Prices Are on a Tear, Thanks to the Fed (WSJ)

Why is Moody's exempt from justice, or the "Big Question in U.S. vs. S&P" (WSJ)

Central banks move into riskier assets (FT)

N. Korea May Conduct Joint Missile-Nuclear Tests, South Says (BBG)

North Korea Pulls Workers From Factories It Runs With South (NYT)

Illinois pension fix faces political, legal hurdles (Reuters)

IPO Bankers Become Frogs in Hot Water Amid China Market Halt (BBG)

Portugal Seeks New Cuts to Stay on Course (WSJ)

Billionaires are Dumping Stocks http://albertpeia.com/billionairesdumpingstocks.htm

13 SIGMA GODZILLA... Posted by : williambanzai7 Post date: 04/05/2013 - You have your fear which might become reality; and you have Godzilla, which IS reality.--Godzilla 1954 http://albertpeia.com/dezombiemeetsgodzilla.htm

The Chart That Will Crash The Market: “We Have Reached the Terminus” Karl Denninger | The screeching coming from CNBS and elsewhere this morning is amusing. http://albertpeia.com/marketcrashterminus.htm

21 Statistics About The Explosive Growth Of Poverty In America That Everyone Should Know

http://albertpeia.com/21statsexplosivegrowthofuspoverty.htm

BaNZai7'S IN-DePTh CoVeRaGe oF THe KiM CHee STaND OFF... Posted by : williambanzai7 Post date: 04/04/2013 - The days are gone forever, when our enemies could blackmail us with FWMD.--Kim Jong Un http://albertpeia.com/lillkimbo.htm

MarketWatch: BREAKING U.S. stocks end higher on Bank of Japan stimulus { Can you believe this ‘headline’? What total b***s***! All bad news … but there has to be a reason for the manipulated, fraudulent stock market to ralley? How pathetic! }

MarketWatch 4 strategies for the coming crash Paul B. Farrell Commentary: Even a kid in a TV commercial can figure out which solution is best. The Handy Investors Crash Loss Calculator By Paul B. Farrell, MarketWatch SAN LUIS OBISPO Calif. (MarketWatch) — ‘It’s not complicated. Prepare all you want. But the bull ends. The market sinks deep into its third bear of the 21st century. Wall Street loses another $10 trillion of our retirement money. ..’ http://albertpeia.com/4strategiesforcomingcrash.htm

The Big Banks Are Recklessly Gambling With Our Money, And It Will Cause The Global Financial System To Collapse

http://albertpeia.com/banksgamblingwithyourmoney.htm

THE END OF BARACK OBAMA? SCANDAL/ECONOMIC DISASTER BREWING! Porter Stansberry http://albertpeia.com/usobamadisaster.htm

ALERT: All Of The Money In Your Bank Account Could Disappear In A Single Moment

http://albertpeia.com/bankaccountswipedout.htm

A Surprising Number Of Americans Believe In Conspiracy Theories – And Many Of Them Are Actually True

http://albertpeia.com/trueconspiracytheories.htm

STaTe OF THe FiaT FaRCe... Posted by : williambanzai7 Post date: 04/03/2013 - Say what you will, it sure is fun to agitate the fiat worms by saying the word: Bitcoin! http://albertpeia.com/fiatfarce.htm

From North Dakota To New York - Let Freedom Ring In The 50 StatesSubmitted by Tyler Durden on 04/02/2013 - Every two years the 50 states compete for the title of "Most Free State," and George Mason University's Mercatus Center rankings based on 200 factors generalized under Fiscal Policy, Regulatory Policy, and Personal Freedom, provide significant color on just how free (or not) the various states are. New Hampshire was the 'free-est' state in 2011 but fell to 4th this year as North Dakota is 2013's 'free-est' state. New York and California bring up the rear as the least free states but the following clip and charts show just where the freedom is spreading - Georgia, Arizona, and Idaho; and where it is not - Oregon, Kansas, and Colarado. http://albertpeia.com/mostfreestate.htm

A DaNGeRouS BuBBLe... Posted by: williambanzai7 Post date: 04/02/2013 - There is no stock bubble--Mr Bubbles http://albertpeia.com/dangerousbubble.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

4-05-13

13 SIGMA GODZILLA... Posted by : williambanzai7 Post date: 04/05/2013 - You have your fear which might become reality; and you have Godzilla, which IS reality.--Godzilla 1954 http://albertpeia.com/dezombiemeetsgodzilla.htm

Suddenly No Solution For 56 Million Gallons Of Highly Radioactive Toxic Waste Leaking Into The Ground Posted by: testosteronepit Post date: 04/05/2013 - Inherited these kinds of problems from the prior generation and shuffling them to the next generation. David Stockman: “Money Printers And Wall Street Coddlers”

Big Banks and D.C. Politicians Doing the EXACT SAME THINGS Which Caused the Financial Crisis In the First Place Posted by : George Washington Post date: 04/05/2013 - Instead of Changing their Behavior to Prevent Another Crisis, the Powers-That-Be Double Down On the Strategies that Caused the Financial Crisis In the First Place

Unemployment Report Shocks Markets Posted by: David Fry Post date: 04/05/2013 - The big driver of market declines Friday was led by the Non-Farm Payrolls report. The jobs data was a dreadful miss which leads to the major “disconnect” we’ve been seeing between stock prices and...

Is Your Bullion Safe in a Bank? Posted by: Phoenix Capital... Post date: 04/05/2013 -  In an environment such as this, smart investors are allocating at least some of their capital to Gold and Silver bullion And whatever you do, don’t store it with anyone else. As...

MarketWatch BRICS bubble is bursting The bursting of the BRICS bubble is happening in slow motion, writes economist Andy Xie. (Caixin Online) MarketWatch’s top 10 stories, April 1 - 5 U.S. stocks end S&P 500's worst week yet for 2013 Why it pays to sell in May

Guest Post: We're Living Through A Rare Economic Transformation Submitted by Tyler Durden on 04/04/2013 - In 1993, management guru Peter Drucker published a short book entitled Post-Capitalist Society. Drucker identified that developed-world economies were entering a new knowledge-based era – as opposed to the preceding industrial-based era - which represented just as big a leap from the agrarian-based one it had superseded. From this perspective, the nation-state is no longer indispensable to the knowledge economy, and as a result, Drucker foresaw the emergence of new social structures would arise and co-exist with the nation-state. Drucker summed up the difference between what many term a post-industrial economy and what he calls a knowledge economy this way: "That knowledge has become the resource rather than a resource is what makes our society 'post-capitalist.' This fact changes – fundamentally – the structure of society.  The means of production is and will be knowledge." Though he doesn’t state it directly, this means that the highly centralized sectors of the economy, from finance to government, will be disrupted by a rapidly evolving, decentralized “society of organizations.”

US Macro Data Plunges Most In 10 MonthsSubmitted by Tyler Durden on 04/05/2013 - The last two weeks have not been pretty for the 'it's different this time' crowd. Day after day has brough miss after miss in macro-economic data for the US; from PMIs to NFPs, no matter how hard you try, there is not even enough for an 'anecdotal' strategist to pin his BTFD thesis on. Quantitatively, the US macro surprise index has seen its biggest 10-day drop in 10 months, completely reversing all the 'seasonally-adjusted' difference from the 2011 'Deja-Vu' market and macro behavior. So with the first pillar of bullishness (macro data is 'supportive'), it is up to earnings (but but but profitability is at highs) to hold up the market - good luck with that.

People Not In Labor Force Soar By 663,000 To 90 Million, Labor Force Participation Rate At 1979 Levels Submitted by Tyler Durden on 04/05/2013 - Things just keep getting worse for the American worker, and by implication US economy, where as we have shown many times before, it pays just as well to sit back and collect disability and various welfare and entitlement checks, than to work .The best manifestation of this: the number of people not in the labor force which in March soared by a massive 663,000 to a record 90 million Americans who are no longer even looking for work. This was the biggest monthly increase in people dropping out of the labor force since January 2012, when the BLS did its census recast of the labor numbers. And even worse, the labor force participation rate plunged from an already abysmal 63.5% to 63.3% - the lowest since 1979! But at least it helped with the now painfully grotesque propaganda that the US unemployment rate is "improving."

US Secretly Deploys B-1 Strategic Bombers, E-6 "Doomsday" Planes Near North Korea Submitted by Tyler Durden on 04/05/2013 - First the US fanfared the placement of two F-22 Raptors in the Osan airbase of South Korea. Then it demonstratively launched a B-2 stealth bomber on a training mission over a South Korean gunnery range. Then it deployed an anti-ballistic missile defense system to Guam and positioned two guided-missile destroyers in the waters near Korea. And now, courtesy of the Aviationist, we learn that the Pentagon has escalated once more in an ongoing cat and mouse game with North Korea, of who blinks first, and dispatched several B-1 ("Bone") Lancer strategic long-range bombers to Andersen Air Force Base in Guam. What is different this time, however, is that unlike the previous very public and widely trumpeted reciprocal escalation steps, this particular deployment has been kept secret from the public (at least the broader public), "a fact that could be the sign that the U.S. is not only making symbolic moves (as the above mentioned ones), but it is preparing for the worst scenario: an attack on North Korea."

Stocks Are Not Cheap Submitted by Tyler Durden on 04/05/2013 - Presented with little comment aside to note the constant gibberish spewed forth from various media channels that stocks-are-cheap when in a ZIRP environment - that has never been experienced before (though low rates typically indicate lower multiples) -  more stocks than ever before are 'expensive' on a price to forward-earnings basis...

The Week That Was: April 1st-5th 2013 Submitted by Tyler Durden on 04/05/2013 - Succinctly summarizing the positive and negative news, data, and market events of the week...

George Soros Warns "Central Banks Are Creating Financial Instability" Submitted by Tyler Durden on 04/05/2013 - While the crisis in Europe is first in Goerge Soros' mind because it is the "hottest" risk flare currently, his biggest concern in what he calls the "disarray in global cooperation," or what we would call 'dueling central banks'. "The almost universal adaptation of quantitative easing," worries him and he notes that "Europe is the last bastion of orthodoxy," in this regard as the aging hedgie warns, "Europe is entering a situation that Japan is desperate to escape from," as "Japan has just abandoned - after 25 years of stagnation - a process that Germany is just in the process of imposing on Europe." But perhaps his clearest concern in this brief clip is that no matter what we are told, the central banks' actions are 'creating' increasing financial instability because, "let's face it, quantitative easing is really and directly competitive devaluation." But it is his comments on the actions of the BoJ that should be most concerning as he stated to CNBC, "What Japan is doing is actually quite dangerous because they are doing it after 25 years of just simply accumulating deficits and not getting the economy going," as he fears, should they actually get something [inflation] started, "they may not be able to stop it." If the yen starts to fall, which it has done, and people in Japan realize that it is liable to continue, and want to put their money abroad, then "the fall may become like an avalanche."

Running Out Of Champagne Submitted by Tyler Durden on 04/05/2013 - The markets, so abundantly juiced by the more than $100 billion pouring in from the Fed every month, are beginning to tire. Like repeated injections of some pain killer; the effects are noticeably starting to wear off. The thrill may not be gone but it is diminishing and one should take note of the condition of the patient. The ten year Treasury; the long bond. Watch them. Whatever your responsibilities; keep your eye on them. They are serving up lunch and are the best indicator of the courses to come. I believe now they are signaling that we have run out of Champagne and that Mad Dog 20/20 will be served with the duck.

Real March Unemployment Rate: 11.6% Submitted by Tyler Durden on 04/05/2013 - Today, we got the laughable news that the unemployment rate declined even as those not in the labor force grew by over 660,000, while the total civilian non-institutional population grew by just 167,000 to 244,995, meaning the actual labor force declined by 496,000. Which is precisely the issue: fudging the labor force participation rate is how the Obama administration has managed to maintain the myth the economy has grown under his leadership for the past 4+ years. It hasn't, and in fact if one renormalizes for the recent long-term average participation rate of 65.8%, one gets a very different number. How different? A difference that is now at a record compared to what is reported. As the chart below shows, a "renormalization" process indicates a massive and record 4% difference between the reported unemployment rate of 7.6%, and what the real unemployment rate is assuming normal growth of the labor force, which in March was 11.6%, up from 11.3% in February, and the highest since August 2012 when it was 11.7%. More importantly, as the real unemployment chart shows, the economy has not improved by one bit since 2009!

People Not In Labor Force Soar By 663,000 To 90 Million, Labor Force Participation Rate At 1979 LevelsSubmitted by Tyler Durden on 04/05/2013 - Things just keep getting worse for the American worker, and by implication US economy, where as we have shown many times before, it pays just as well to sit back and collect disability and various welfare and entitlement checks, than to work .The best manifestation of this: the number of people not in the labor force which in March soared by a massive 663,000 to a record 90 million Americans who are no longer even looking for work. This was the biggest monthly increase in people dropping out of the labor force since January 2012, when the BLS did its census recast of the labor numbers. And even worse, the labor force participation rate plunged from an already abysmal 63.5% to 63.3% - the lowest since 1979! But at least it helped with the now painfully grotesque propaganda that the US unemployment rate is "improving."

Market Responds To NFP - Great Rotation To Safety Submitted by Tyler Durden on 04/05/2013 - The kneejerk response to this morning's dismal NFP print was significant disappointment. 10Y yields plunged to a 1.68% handle - its lowest in almost 5 months (and largest 3-day drop in yields in 10 months), S&P futures dropped 10 points (and were already weak overnight), Gold spiked, VIX futures popped over 1 vol to 15.3, and the USD weakened notably against the EUR (which broke above 1.30). The spike is being retraced now but very slowly.

Payrolls Plunge To 88K, Biggest Miss Since December 2009, Participation Rate At New 30 Year Low Submitted by Tyler Durden on 04/05/2013 - So much for "open-ended QE driven recovery". Moments ago the March Non-farm payroll hit and it was a doozy, printing at 88K, below the lowest forecast of 100K, well below the expected number of 190K, and a tragedy compared to the February revised print of 268K (was 236K). This was the biggest miss to expectations since December 2009 and the worst print since June 2012. The unemployment rate declined to 7.6%, but this was due entirely to the collapse in the labor force participation rate, which declined by 20 bps to 63.3%, a new 30 year low.

Non-Farm Payroll Preview Submitted by Tyler Durden on 04/05/2013 - Deutsche Bank 160K HSBC 174K Goldman Sachs 175K Citi 175K Barclays Capital 175K UBS 190K Bank of America 200K JP Morgan 210K { Talk about being out of touch! }

Frontrunning: April 5

Submitted by Tyler Durden on 04/05/2013

George Soros: 'What Japan is doing is actually quite dangerous because" (BBG)

North Korea lacks means for nuclear strike on U.S., experts say (Reuters)

Yellen latest to hint about slowing of QE3 (FT)

Hollande approval rating hits new low (FT)

Hollande Dismisses Reshuffle as Crisis Hits Popularity (BBG)

Japan Upper house approves full 5 year term for BOJ gov. Kuroda (BBG)

US: Plan to Cap Tax Breaks Is Gaining Steam (WSJ)

BOE Says Investors May Be Taking ‘Too Rosy’ a View of Stress (BBG)

Kiwis Say ‘Ni Hao’ as China Ties Trump Australia Sales (BBG)

Obama Avoids Trading Threats With North Korea’s Kim (BBG)

The Chart That Will Crash The Market: “We Have Reached the Terminus” Karl Denninger | The screeching coming from CNBS and elsewhere this morning is amusing. http://albertpeia.com/marketcrashterminus.htm

21 Statistics About The Explosive Growth Of Poverty In America That Everyone Should Know

http://albertpeia.com/21statsexplosivegrowthofuspoverty.htm

BaNZai7'S IN-DePTh CoVeRaGe oF THe KiM CHee STaND OFF... Posted by : williambanzai7 Post date: 04/04/2013 - The days are gone forever, when our enemies could blackmail us with FWMD.--Kim Jong Un http://albertpeia.com/lillkimbo.htm

MarketWatch: BREAKING U.S. stocks end higher on Bank of Japan stimulus { Can you believe this ‘headline’? What total b***s***! All bad news … but there has to be a reason for the manipulated, fraudulent stock market to ralley? How pathetic! }

MarketWatch 4 strategies for the coming crash Paul B. Farrell Commentary: Even a kid in a TV commercial can figure out which solution is best. The Handy Investors Crash Loss Calculator By Paul B. Farrell, MarketWatch SAN LUIS OBISPO Calif. (MarketWatch) — ‘It’s not complicated. Prepare all you want. But the bull ends. The market sinks deep into its third bear of the 21st century. Wall Street loses another $10 trillion of our retirement money. ..’ http://albertpeia.com/4strategiesforcomingcrash.htm

The Big Banks Are Recklessly Gambling With Our Money, And It Will Cause The Global Financial System To Collapse

http://albertpeia.com/banksgamblingwithyourmoney.htm

THE END OF BARACK OBAMA? SCANDAL/ECONOMIC DISASTER BREWING! Porter Stansberry http://albertpeia.com/usobamadisaster.htm

ALERT: All Of The Money In Your Bank Account Could Disappear In A Single Moment

http://albertpeia.com/bankaccountswipedout.htm

A Surprising Number Of Americans Believe In Conspiracy Theories – And Many Of Them Are Actually True

http://albertpeia.com/trueconspiracytheories.htm

STaTe OF THe FiaT FaRCe... Posted by : williambanzai7 Post date: 04/03/2013 - Say what you will, it sure is fun to agitate the fiat worms by saying the word: Bitcoin! http://albertpeia.com/fiatfarce.htm

From North Dakota To New York - Let Freedom Ring In The 50 StatesSubmitted by Tyler Durden on 04/02/2013 - Every two years the 50 states compete for the title of "Most Free State," and George Mason University's Mercatus Center rankings based on 200 factors generalized under Fiscal Policy, Regulatory Policy, and Personal Freedom, provide significant color on just how free (or not) the various states are. New Hampshire was the 'free-est' state in 2011 but fell to 4th this year as North Dakota is 2013's 'free-est' state. New York and California bring up the rear as the least free states but the following clip and charts show just where the freedom is spreading - Georgia, Arizona, and Idaho; and where it is not - Oregon, Kansas, and Colarado. http://albertpeia.com/mostfreestate.htm

A DaNGeRouS BuBBLe... Posted by: williambanzai7 Post date: 04/02/2013 - There is no stock bubble--Mr Bubbles http://albertpeia.com/dangerousbubble.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

4-04-13

The Chart That Will Crash The Market: “We Have Reached the Terminus” Karl Denninger | The screeching coming from CNBS and elsewhere this morning is amusing. http://albertpeia.com/marketcrashterminus.htm

21 Statistics About The Explosive Growth Of Poverty In America That Everyone Should Know

http://theeconomiccollapseblog.com

http://albertpeia.com/21statsexplosivegrowthofuspoverty.htm

BaNZai7'S IN-DePTh CoVeRaGe oF THe KiM CHee STaND OFF... Posted by : williambanzai7 Post date: 04/04/2013 - The days are gone forever, when our enemies could blackmail us with FWMD.--Kim Jong Un http://albertpeia.com/lillkimbo.htm

Witches Brew: Part 4 - Reality Bites, The Specter of Things to Come Posted by: tedbits Post date: 04/04/2013 - Witches Brew: Part 4 - Reality Bites The Specter of Things to Come The road to ruin is on plain display and the playbook is easily seen at this juncture. Let’s take a look at how that playbook...

Zombie Economists and Why "Financial Genius is After the Fall" Posted by: rcwhalen Post date: 04/04/2013 - The overtly inflationary policy stance of the FOMC is especially significant when you consider that Fed Chairman Ben Bernanke is no longer in control of monetary policy.

MarketWatch: BREAKING U.S. stocks end higher on Bank of Japan stimulus { Can you believe this ‘headline’? What total b***s***! All bad news … but there has to be a reason for the manipulated, fraudulent stock market to ralley? How pathetic! }

Down, Up, Down, Up, Down, Up, Down, Up, Down, Up, Down... Up Submitted by Tyler Durden on 04/04/2013 - For the first time since 1981, the S&P 500 has rotated from up to down to up for 12 days in a row - adding 4 points in that time. 10Y Treasury yields have dropped 8 of those 12 days and closing today at 1.75% - their lowest of the year, the biggest 10-day drop in yields in five months - but stocks ignored that correlation. EURJPY was the story of the day as JPY weakened 4% against the USD from the BoJ news - but stocks ignored that correlation. Oil slumped once again on the day (-4% on the week) - but stocks ignored that correlation. Stocks in general oscillated intraday around VWAP (as we sense the algos have no confidence in their correlations) and real money awaits tomorrow's NFP debacle.

Daily Disconnect (Or Did Cyprus Matter?)Submitted by Tyler Durden on 04/04/2013 - With the 10Y Treasury yield trading with a 1.75% handle - its lowest of the year - it would appear that the fallout from Cyprus (storm-in-a-teacup or not) has had a significant impact on cross-asset class correlations. With safe-haven sectors the only bid holding up a fragile US equity market and EURJPY having been discarded by the algos for any pump-and-dump, it appears stocks are on their own now.

A Ton Of Gold Bricks: What Capital Flight Looks Like In Italy Submitted by Tyler Durden on 04/04/2013 - Curious why so little has been said about cash flowing out of Italy's banks, especially when even UniCredit's CEO today proudly warned everyone he is all for confiscating uninsured deposits as long as "everyone else is doing it" - and no, he is not kidding, so when it does happen, nobody will be able to say they weren't warned. Maybe it is because Italian cash is actually not leaving the country at all. Instead, real "wealth" is departing the boot-shaped nation, quietly and under the radar, as fast as it can in another form: gold. As the clip below from Bloomberg shows, a car was intercepted at the Italy-Switzerland border, with a very special cargo: several bars of gold weighing a whopping one ton, worth $6 million. Furthermore, one can be absolutely certain that for every car that is caught at the border with a ton of "golden" cargo, there are 99 that pass through undisturbed and undetected. Which makes perfect sense: what better way to circumvent shadow capital controls such as those virtually everywhere in Europe, than to convert one's paper money within country A so it stays in country A, into a far more valuable, anonymous and transportable store of wealth, such as gold, and quietly move it to country B, the one where the risk of deposit confiscation is (for now at least) far less?

Six Steps To "Stash Your Cash" OffshoreSubmitted by Tyler Durden on 04/04/2013 - From wealthy citizens trying to pay less tax, to savvy swindlers and drug lords with riches to hide, people have spent decades stealthily shifting money via European principalities, Caribbean archipelagos, and Pacific islands. ICIJ provides the following simple six-step process for 'stashing your cash'; from 'Choosing a haven' to creating a 'secret identity' and from opening the 'right' bank account to how to 'move' the money; this picturesque guide may be indispensable as Europe's final 'deposit haircut' solution draws ever closer - especially now we know there is 'no plan B."

If Japan's "Shock And Awe" QE Happened In The US....Submitted by Tyler Durden on 04/04/2013 - This is your QE on Bernanke: $85 billion per month or $1 trillion per year. This is your QE on Japanese monetary drugs: $200 billion per month or $2.4 trillion per year.

MF Global Trustee Speaks: It Was All Corzine's FaultSubmitted by Tyler Durden on 04/04/2013 - In the somewhat unsurprising conclusion of former FBI Director Louis Freeh's investigation into the MFGlobal collapse, Jon Corzine's aggressive bets on European sovereign debt led to the firm's dramatic collapse. The 124 page report (below) is extensive; noting, as Reuters reports, that Corzine's single-handed "negligent conduct" contributed to the company's failure. It was also "almost impossible to properly monitor the liquidity drains... caused by Corzine's proprietary trading strategy," the report said, adding that the "glaring deficiencies" in the firm's internal reporting were, "long-known to Corzine and management, yet they failed to implement sufficient corrective measures promptly." The investigation, based on interviews with former MF Global employees, board members and the review of hundreds of thousands of documents, concludes, "The risky business strategy engineered and executed by Corzine and other officers and their failure to improve the company's inadequate systems and procedures so that the company could accommodate that business strategy contributed to the company's collapse." Obviously, Corzine has denied any wrongdoing.

EUR Plunges On Draghi's "Downside Risks" JawboneSubmitted by Tyler Durden on 04/04/2013 - After leaving rates unchanged and following Kuroda's efforts overnight, it appears Draghi had to do something in his press conference. Despite Barroso's assurances that the worst of the crisis is over, ECB's Draghi admits:*DRAGHI SAYS ECONOMIC WEAKNESS EXTENDED INTO BEGINNING OF YEAR*DRAGHI SAYS RISKS TO ECONOMIC OUTLOOK ARE ON DOWNSIDE*DRAGHI SAYS RECOVERY IN 2H IS SUBJECT TO 'DOWNSIDE RISKS'*DRAGHI: WEAKNESS IS EXTENDING TO COUNTRIES W/OUT FRAGMENTATION*DRAGHI SAYS ECB WILL ASSESS DATA AND STANDS READY TO ACT This 'negativity' jawboning, which is really nothing new to anyone who looks at real data, has battered EURUSD 80 pips lower and implicitly smacked S&P 500 futures down 5-6 points as the verbal currency wars continue.

Initial Jobless Claims Soar, Biggest Miss Since NovemberSubmitted by Tyler Durden on 04/04/2013 - And the economic (downside) hits keep on coming: PMI, ISM, Non-Mfg ISM, ADP and now Initial claims - five out of five misses as the US economy slowly but surely joins the rest of the world in resuming its downward trajectory. Moments ago initial claims printed a whopping 385K, far above expectations of 353K, and far above the upwardly revised 357K (was 353K before). This was the biggest miss to expectations since November. Also, excluding the Sandy abberations, this was the biggest two week surge in claims since April 2011. Continuing claims also missed, printing at 3063K, above expectations of 3050K. Sure enough, the excuses begin: sequester, Easter (two states estimated which means actual number is likely even worse), weather (unclear if warm or hot), Cyprus, and generally, stuff... Just not the economy. Never the actual economy. Because it is unpossible that with $85 billion inject per month into the market economy, that things would be just getting worse and worse.

Mario Draghi Press Conference - Live Webcast Submitted by Tyler Durden on 04/04/2013 - The earlier ECB rate announcement came and went just as expected, and without granularity. Much more interesting will be the latest press conference. And if the last one was any indication, sparks will fly: recall that it was in March that "The ECB's Press Corps Realize They Have No Idea What OMT Is: "The Rules Are What They Are" Explains Draghi" - we look forward to FT's Michael Steen posting the same question to the former Goldmanite as it has been a month and... no term sheet, no details, nothing. Other expected questions: the "non-recurring yet blueprint template" nature of Cyprus, what the slowdown in LTRO repayments means, how the ECB will deal with the decelerating economy, and perhaps most importantly: what happens to deposits in other European banks? While we don't expect an actual answer to any of these, if indeed it is the globalist prerogative to accelerate the velocity of money by "spooking" it out of deposits and into circulation by spending or buying stocks, Draghi may have a stunner or two up his sleeve.

Goldman Refuses To Give Up Its Grip On Canada: Goldman Partner To Be Next US Ambassador To CanadaSubmitted by Tyler Durden on 04/04/2013 - With the departure of Goldman's Mark Carney from the Bank of Canada, some were concerned, actually concerned may not be the right word here: delighted may be better, that the northern country is finally free of the tentacles emanating from 200 West. Not so fast. As it turns out Goldman's ambitions vis-a-vis the resource-rich northern country are strong to quite strong, and as the Globe and Mail reports, Bruce Heyman, a Chicago-based Goldman Sachs executive and one of Barack Obama’s top fundraisers, is in final talks to become the next U.S. ambassador to Canada, according to sources. "Mr. Heyman would be the second ambassador to Canada to hail from Chicago, replacing David Jacobson. A person familiar with the selection process confirmed Mr. Heyman was “in the mix,” adding that he has long been an ardent supporter of the U.S. President. However, the source added that the process is not over and no final decision has been made." Uhm, yes it has.

ECB Keeps Rates UnchangedSubmitted by Tyler Durden on 04/04/2013 - As expected, no changes in any of the three key rates from the ECB.4 April 2013 - Monetary policy decisions At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.75%, 1.50% and 0.00% respectively.The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 2.30 p.m. CET today. More important will be the press conference starting at 8:30 am Eastern, where Draghi will field questions on the ECB's non-intervention in light of the conditions it imposed most recently in Cyprus, the legal term-sheet status of the OMT, the latest relapse into recession by Europe, and more. Note: we said questions, not answers.

Frontrunning: April 4

Submitted by Tyler Durden on 04/04/2013

Helicopter QE will never be reversed (Evans-Pritchard)

Bank of Japan Launches Easing Campaign under new leadership (WSJ)

Draghi Considers Plan B as Sentiment Dims After Cyprus Fumble (BBG)

Spain threatened by resurgent credit crunch (FT)

U.S. Dials Back on Korean Show of Force (WSJ)

Gillard Urges Aussie Firms to Emulate German Deutschmark Success (BBG)

Bank watchdog warns on retail branches (FT)

Xi's Russia visit confirms continuity of ties (China Daily)

Portuguese Government Survives No-Confidence Vote (WSJ)

Mortgage rates set for fall, Bank of England survey shows (Telegraph)

Russia’s bank chief warns on economy (FT)

Fed member hints at summer slowing of QE3 (FT)

MarketWatch 4 strategies for the coming crash Paul B. Farrell Commentary: Even a kid in a TV commercial can figure out which solution is best. The Handy Investors Crash Loss Calculator By Paul B. Farrell, MarketWatch SAN LUIS OBISPO Calif. (MarketWatch) — ‘It’s not complicated. Prepare all you want. But the bull ends. The market sinks deep into its third bear of the 21st century. Wall Street loses another $10 trillion of our retirement money. ..’ http://albertpeia.com/4strategiesforcomingcrash.htm

The Big Banks Are Recklessly Gambling With Our Money, And It Will Cause The Global Financial System To Collapse

http://albertpeia.com/banksgamblingwithyourmoney.htm

THE END OF BARACK OBAMA? SCANDAL/ECONOMIC DISASTER BREWING! Porter Stansberry http://albertpeia.com/usobamadisaster.htm

ALERT: All Of The Money In Your Bank Account Could Disappear In A Single Moment

http://albertpeia.com/bankaccountswipedout.htm

A Surprising Number Of Americans Believe In Conspiracy Theories – And Many Of Them Are Actually True

http://albertpeia.com/trueconspiracytheories.htm

STaTe OF THe FiaT FaRCe... Posted by : williambanzai7 Post date: 04/03/2013 - Say what you will, it sure is fun to agitate the fiat worms by saying the word: Bitcoin! http://albertpeia.com/fiatfarce.htm

From North Dakota To New York - Let Freedom Ring In The 50 StatesSubmitted by Tyler Durden on 04/02/2013 - Every two years the 50 states compete for the title of "Most Free State," and George Mason University's Mercatus Center rankings based on 200 factors generalized under Fiscal Policy, Regulatory Policy, and Personal Freedom, provide significant color on just how free (or not) the various states are. New Hampshire was the 'free-est' state in 2011 but fell to 4th this year as North Dakota is 2013's 'free-est' state. New York and California bring up the rear as the least free states but the following clip and charts show just where the freedom is spreading - Georgia, Arizona, and Idaho; and where it is not - Oregon, Kansas, and Colarado. http://albertpeia.com/mostfreestate.htm

A DaNGeRouS BuBBLe... Posted by: williambanzai7 Post date: 04/02/2013 - There is no stock bubble--Mr Bubbles http://albertpeia.com/dangerousbubble.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

4-03-13

MarketWatch 4 strategies for the coming crash Paul B. Farrell Commentary: Even a kid in a TV commercial can figure out which solution is best. The Handy Investors Crash Loss Calculator By Paul B. Farrell, MarketWatch SAN LUIS OBISPO Calif. (MarketWatch) — ‘It’s not complicated. Prepare all you want. But the bull ends. The market sinks deep into its third bear of the 21st century. Wall Street loses another $10 trillion of our retirement money. ..’ http://albertpeia.com/4strategiesforcomingcrash.htm

The Big Banks Are Recklessly Gambling With Our Money, And It Will Cause The Global Financial System To Collapse

http://albertpeia.com/banksgamblingwithyourmoney.htm

THE END OF BARACK OBAMA? SCANDAL/ECONOMIC DISASTER BREWING! Porter Stansberry http://albertpeia.com/usobamadisaster.htm

ALERT: All Of The Money In Your Bank Account Could Disappear In A Single Moment

http://theeconomiccollapseblog.com

http://albertpeia.com/bankaccountswipedout.htm

A Surprising Number Of Americans Believe In Conspiracy Theories – And Many Of Them Are Actually True

http://endoftheamericandream.com

http://albertpeia.com/trueconspiracytheories.htm

STaTe OF THe FiaT FaRCe... Posted by : williambanzai7 Post date: 04/03/2013 - Say what you will, it sure is fun to agitate the fiat worms by saying the word: Bitcoin! http://albertpeia.com/fiatfarce.htm

Krugman Vs. Feldstein on Interest Rates and the Fed Posted by: Bruce Krasting Post date: 04/03/2013 - Krugman compared apples to oranges to make his point.

A Line Of Demarcation Through The Eurozone Is Taking Shape Posted by: testosteronepit Post date: 04/03/2013 - Everyone learned a lesson from Cyprus, painful ones. German politicians learned a lesson too: that it worked!

ADP March Private Jobs Miss, Lowest Since October Submitted by Tyler Durden on 04/03/2013 - Remember the now traditional economic data weakness that the US experiences come every Spring in the past 3 years courtesy of the rotation out of artificially boosting winter seasonal adjustments? Well, after a big miss in the PMI and ISM we may be getting just that, with the ADP private payrolls data moments ago posting the lowest monthly increase since October at just 158,000, well below the 200,000 expected, and far below last month's revised 237,000 (was 198,000), which means that post the revision the February number is just 1,000 off the NFP print of 236,000: ADP, under Mark Zandi, now and always desperately trying to be a BLS echo chamber. Notably in the breakdown of jobs, March saw +0 Construction jobs added: hardly the stuff great housing recoveries are made of. The good news, if any, is that small business finally were the biggest generator of jobs, adding 74,000, or just less than half of total, with medium and large accounting for 37,000 and 47,000 respectively. And since, empirically, the revised ADP methodology has been far more accurate than previously, the question is how to pre-spin this Friday's jobs number, which stands at the near-ADP consensus of 196,000, which suddenly looks far more in peril of a downside miss.

ECB Prepares To Subsidize Small/Medium Businesses Next Submitted by Tyler Durden on 04/03/2013 - EU President Barroso proclaimed this morning that Europe is "through the worst of the crisis" and yet the ECB's policy transmission channels are so fragmented - and the economies of the disparate union so in need to help - that Draghi and his fellow planners are re-discussing ways to directly lower the interest-rate burden for small-to-medium-sized businesses (SMEs). Germany's Die Zeit reports that the concept of the ECB lowering its standards once again to accept SME loans as collateral for lending to its member banks since, as we noted here, the ECB is basically impotent with regard juicing anything in the real economy. So the ECB is willing to step in and sacrifice its balance sheet (and the taxpayers of Europe - Germany - that implicitly backstop it) to ensure SMEs get funded at sub-market rates that banks are unwilling to accept on a risk-adjusted basis? What could possibly go wrong?

Turkey’s Silver Imports Surge 31% And Gold Imports Climb To 8 Month High

Submitted by Tyler Durden on 04/03/2013 - 08:07

Physical gold and silver demand remains robust in many markets internationally. Demand from the Middle East remains robust as seen in the near record imports of gold and silver into Turkey. Turkey’s gold imports climbed to an eight-month high in March as prices averaged the lowest since May, according to the Istanbul Gold Exchange. Silver imports rose 31% from a month earlier according to Bloomberg. Gold imports increased to 18.26 metric tons, the most since July. That’s up from 17.34 tons in February and compared with 2.91 tons a year earlier, data on the exchange’s website show. The country shipped in 120.8 tons last year. Turkey was the fourth-biggest gold consumer in 2012, according to the London-based World Gold Council. Bullion averaged $1,593.62 an ounce last month and is trading about 17% below the record nominal high of $1,921.15 set in September 2011.

Back At The Gates Submitted by Tyler Durden on 04/03/2013 - It is not that one market is in a bubble it is that they all are in a bubble. We were all taught that the markets eventually get back to fundamentals. It is not that we have forgotten this; it is that the supply of money has trumped the notion. Yet we amble on because it has been the winning strategy and we play to win. When yields are this low it is not "better to be safe than sorry" but "better to be safe then dead" as the amount of time that it will take to make back any mistakes could end you and your firm given the duration of any correction that you might attempt. It is not that one market is in a bubble it is that they all are in a bubble. It is not that the world is devoid of crises. It is that the supply of money acts as a painkiller and that the markets have become mostly numb.

Best And Worst Performing Assets In 2013

Submitted by Tyler Durden on 04/03/2013 - 07:52

Frontrunning: April 3

Submitted by Tyler Durden on 04/03/2013

Cyprus leader invites family firm probe (FT)

How the Fed fueled an explosion in subprime auto loans (Reuters)

Wal-Mart Customers Complain Bare Shelves Are Widespread (BBG)

JC Penney CEO gets no bonus, stock award after dismal year (Reuters)

New Bird Flu Virus Kills 2 in China, Sparking WHO Probe (BBG)

Algorithms Play Matchmaker to Fight 7.7% U.S. Unemployment (BBG)

Fed hawk Lacker and dove Evans face off over inflation (Reuters)

Infamous silver market "cornerer" WH Hunt Becomes Billionaire on Bakken Oil After Bankruptcy (BBG)

Japan Auto Sales Fall on Subsidy End as Korea Extends Drop (BBG)

Black Hawks Near North Korea Show Risk in U.S. Command Shift (BBG)

SEC Embraces Social Media (WSJ)

Tesla Touts ‘True Out of Pocket’ Financing for Model S (BBG)

U.K. Banks Try to Dodge Bonus Caps by Defining Risk-Taker (BBG)

RANsquawk EU Market Re-Cap - 3rd April 2013 Submitted by RANSquawk Video on 04/03/2013

From North Dakota To New York - Let Freedom Ring In The 50 StatesSubmitted by Tyler Durden on 04/02/2013 - Every two years the 50 states compete for the title of "Most Free State," and George Mason University's Mercatus Center rankings based on 200 factors generalized under Fiscal Policy, Regulatory Policy, and Personal Freedom, provide significant color on just how free (or not) the various states are. New Hampshire was the 'free-est' state in 2011 but fell to 4th this year as North Dakota is 2013's 'free-est' state. New York and California bring up the rear as the least free states but the following clip and charts show just where the freedom is spreading - Georgia, Arizona, and Idaho; and where it is not - Oregon, Kansas, and Colarado. http://albertpeia.com/mostfreestate.htm

A DaNGeRouS BuBBLe... Posted by: williambanzai7 Post date: 04/02/2013 - There is no stock bubble--Mr Bubbles http://albertpeia.com/dangerousbubble.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

4-02-13

MarketWatch 4 strategies for the coming crash Paul B. Farrell Commentary: Even a kid in a TV commercial can figure out which solution is best. The Handy Investors Crash Loss Calculator By Paul B. Farrell, MarketWatch SAN LUIS OBISPO Calif. (MarketWatch) — ‘It’s not complicated. Prepare all you want. But the bull ends. The market sinks deep into its third bear of the 21st century. Wall Street loses another $10 trillion of our retirement money. ..’ http://albertpeia.com/4strategiesforcomingcrash.htm

The Big Banks Are Recklessly Gambling With Our Money, And It Will Cause The Global Financial System To Collapse

http://theeconomiccollapseblog.com

http://albertpeia.com/banksgamblingwithyourmoney.htm

MarketWatch Weathering a downturn J.J. Zhang Commentary: A look at just how well defensive sectors hold up after stocks peak.

THE END OF BARACK OBAMA? SCANDAL/ECONOMIC DISASTER BREWING! Porter Stansberry http://albertpeia.com/usobamadisaster.htm

MarketWatch The 46.25% Social Security tax Michael Kitces You may have a significantly higher marginal tax rate than you realize.

A DaNGeRouS BuBBLe... Posted by: williambanzai7 Post date: 04/02/2013 - There is no stock bubble--Mr Bubbles http://albertpeia.com/dangerousbubble.htm

When It Comes Time to Steal… They’re Coming After YOUR Money Posted by: Phoenix Capital... Post date: 04/02/2013 - We now know that when it comes time to STEAL, the STEALING will only hit those who are not well connected with the corrupt elite. It will be the people.

Japan - Too Old To Grow? Posted by : Bruce Krasting Post date: 04/02/2013 - I don't care how much money Japan prints. Those printing presses can't offset the powerful force of demographics, at least not for long.  

You Know The Market's Euphoric When...Submitted by Tyler Durden on 04/02/2013 - We noted last night the 'six charts' that represent the sum total of the hopefulness of these markets with relation to fundamental earnings but it is the ratio of negative to positive earnings guidance - which stands at a record high - that should worry investors the most (and doesn't). As the WSJ notes, in the last bull market, the negative corporate guidance ratio hit a peak of 2.38 in the third quarter of 2007 - just as that bull market was ending (and troughed at 0.97 right as the bottom was in in stocks in Q1 2009). The current 3.55 ratio is the highest on record. But what is more representative of the market's absolutely sanguine nature is that just 2 days after guiding earnings down, stock prices are down just 0.3% (and half the stocks actually rose). As the WSJ concludes, and we tend to agree, watch out. There may be a nasty drop on the other side of this wall.

Europe Closes Green As Macro Data Drops Most In 19 Months Submitted by Tyler Durden on 04/02/2013 - European macro data surprises have dropped into negative territory for the first time in 3 months as the last 3 weeks have seen the biggest drop in 19 months. Of course, none of that matters, as EURJPY was bid all the way through the European day, lifting European stocks and the all-important Italian and Spanish bond markets. Markets were relatively thin still today but just as we have seen around the world (most specifically in Japan and the US recently) equity markets push on ahead despite the collapse in macro data - but we've seen this before a few times (and it did not end well)...

Chart Of The Day: Euro Area Unemployment Hits New Record High Submitted by Tyler Durden on 04/02/2013 - It appears like the New Normal is merely a phrase used to describe daily records in virtually everything: the Dow Jones, the S&P, US foodstamps, sovereign bailouts, US total debt, and, today, Euro Area unemployment, which just rose to a fresh all time high 12%. From Bloomberg brief: "Euro-area unemployment rose to a record 12 percent in February and January’s figure was revised up to the same level from 11.9 percent estimated earlier, the European Union’s statistics office said. Jobless rates in January ranged between 4.9 percent in Austria and 27 percent in Greece. While rates in the euro area have risen by 1.1 percent point in the past year, unemployment has fallen by 0.6 percentage point to 7.7 percent during the same period in the U.S." Or said otherwise, European unemployment has now been rising constantly for 22 consecutive months - the longest period for deteriorating unemployment since the early 1990s, which, however, is to be expected for a continent which as we showed yesterday, has now reverted to 19th century growth rates.

Stockman On Bernanke's Actions: "The Ultimate Consequence Will Be A Train-Wreck" Submitted by Tyler Durden on 04/02/2013 -There is "not a chance," that the Fed will be able to unwind its balance sheet in an orderly manner, "because everybody is front-running [them]," as the Fed is creating "serial bubbles," that are increasingly hard to manage since "we're getting in deeper and deeper every time." David Stockman has been vociferously honest in the last few days and his Bloomberg Radio interview with Tom Keene was extremely so. While Keene tries his best to remain upbeat and his permabullish self, Stockman just keeps coming with body blow after body blow to the thesis that this 'recovery' is sustainable. "They are using a rosy scenario forecast for the next ten years that would make the rosy scenario of the 1981 Reagan administration look like an ugly duckling," he exclaims, adding that the Keynesian Krugmanites' confidence is "disingenuous" - "the elephant in the room - the Fed," that are for now enabling rates to stay where they are. The full transcript below provides much food for thought but he warns, if the Fed ever pulled back, even modestly, "there would be a tremendous panic sell off in the bond market because it is entirely propped up... It's to late to go cold turkey."

When A Great Deflationary Bear Starts Turning Inflationary Submitted by Tyler Durden on 04/02/2013 - Over the past four years one of the dominant "deflationists" has been Gluskin Sheff's David Rosenberg. And, for the most part, his corresponding thesis - long bonds - has been a correct and lucrative one, if not so much for any inherent deflation in the system but because of the Fed's actual control of the entire bond curve and Bernanke's monetization of the primary deflationary signal the 10 and certainly the 30 Year bond. The endless purchases of these two security classes, coupled with periodic flights to safety into the bond complex have validated his call. Until now.

Holland: "An Economy On The Brink" Submitted by Tyler Durden on 04/02/2013 - Infamous for little boys plugging holes with their fingers and grown-ups plugging their mouth with their foot (D-Boom), it seems Holland, Berlin's most important ally in the goal of greater fiscal discipline in Europe, has fallen into an economic crisis itself. As Spiegel reports, the once exemplary economy is suffering from huge debts and a burst real estate bubble, which has stalled growth and endangered jobs. The statistics make for some worrisome reading: no nation in the euro zone is as deeply in debt as the Netherlands, where banks have a total of about €650 billion in mortgage loans on their books; consumer debt amounts to about 250% of available income - by comparison, in 2011 even the Spaniards only reached a debt ratio of 125%; unemployment is on the rise; consumption is down; and growth has come to a standstill. The nationalization on SNS in February brought this reality home and as Spiegel reports, "there is no end to the crisis in sight."

Frontrunning: April 2

Submitted by Tyler Durden on 04/02/2013

The revolving door continues: Mary Schapiro joins Promontory Financial (WSJ)

First Peek at Health-Law Cost (WSJ)

Abe warns over Japan inflation target: warns 2% inflation target may not be reached within two years (FT)

BoJ's Kuroda tested by divided board (Reuters)

Nanjing poultry butcher fourth person infected with H7N9 bird flu (SCMP)

What time do top CEOs wake up? (Guardian)

Cyprus Seeks More Time to Meet Targets in Talks With Troika (BBG)

Investors Ignore Negativity at Their Peril (WSJ)

Apple bows to Chinese pressure (FT)

One can only laugh: North Korea to restart nuclear reactor in weapons bid (Reuters)

Visa Demand Jumps (WSJ)

Bloomberg's refutation of Stockman: yes, yes but... look over there, stocks are up! (BBG)

Guest Post: The Great Disconnect - Markets Vs. Economy Submitted by Tyler Durden on 04/01/2013 - What is the meaning of the markets hitting new all-time highs.  The general consensus of the analysts and economists is that the rise in capital markets, given weak current economic data and a resurgence of the Eurozone crisis, is clearly a sign of economic strength; and, combined with rising corporate profitability, makes stocks the only investment worth having. There is, however, a more pragmatic perspective. Suppressed wage growth, layoffs, cost-cutting, productivity increases, accounting gimmickry and stock buybacks have been the primary factors in surging profitability.  However, these actions are finite in nature and inevitably it will come down to topline revenue growth.  However, since consumer incomes have been cannibalized by suppressed wages and interest rates - there is nowhere left to generate further sales gains from in excess of population growth. The reality is that all the stimulus and financial support available from the Fed, and the government, can't put a broken financial transmission system back together again.  Eventually, the current disconnect between the economy and the markets will merge.  Our bet is that such a convergence is not likely to be a pleasant one.

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

4-01-13

This Is What It Feels Like To Have Your Life Savings Confiscated By The Global Elite

http://albertpeia.com/savingsconfiscation.htm

Cyprus-Style “Bail-Ins” Are Proposed In The New 2013 Canadian Government Budget!

http://albertpeia.com/canuckleheads.htm

ACTa EST FaBuLa... Posted by: williambanzai7 Post date: 03/29/2013 - Meet The Last Schtuppers... http://albertpeia.com/schtupped.htm

GReaTeR FooL'S DaY 2013... Posted by: williambanzai7 http://albertpeia.com/greaterfoolsday2013.htm

The Easter Bunnies Posted by: williambanzai7 http://albertpeia.com/easterbunnies.htm

Wall-Street Craziness Is Back Posted by : testosteronepit Post date: 03/29/2013 - Synthetic securities based on putrid shipping loans

Congress Passes “Monsanto Rider”, Pushing Genetically Modified Foods Onto Our Plates Posted by: George Washington Post date: 03/29/2013 - … And Stripping Courts of Power

Global Economic Slowdown Accelerates Again Submitted by Tyler Durden on 04/01/2013 - It would appear that between the historical revisions of over-optimistic initial prints in macro data in the last few months and the reality of the weakness in Europe; the global economy is in Slowdown. Goldman's Swirlogram has now seen its Global Leading Indicator in the 'slowdown' phase for two months as momentum fades rapidly and seven of the ten major factors in the index declining with Global (Aggregate) PMI, and Global New Orders-less-Inventories worsening. Quite comically, the three factors providing some positivity are the Baltic Dry Index (which we are told is irrelevant when it drops), Japanese Inventory/Sales (which improved but remains at depression-era levels), and US initial jobless claims (which have become a farce statistically from what we can tell). Of course, none of this macro reality matters for now - until it does that is.

List Released With 132 Names Who Pulled Cyprus Deposits Ahead Of "Confiscation Day"Submitted by Tyler Durden on 04/01/2013 - With every passing day, it becomes clearer and clearer the Cyprus deposit confiscation "news" was the most unsurprising outcome for the nation's financial system and was known by virtually everyone on the ground days and weeks in advance: first it was disclosed that Russians had been pulling their  money, then it was suggested the president himself had made sure some €21 million of his family's money was parked safely in London, then we showed a massive surge in Cyprus deposit outflows in February, and now the latest news is that a list of 132 companies and individuals has emerged who withdrew their €-denominated deposits in the two weeks from March 1 to March 15, among which the previously noted company Loutsios & Sons which is alleged to have ties with the current Cypriot president Anastasiadis.

Jack 'Buy-And-Hold' Bogle Goes Offscript - Two 50% Declines To Come In Next Decade Submitted by Tyler Durden on 04/01/2013 - Buy-and-hold is alive and well and living (ubiquitously) in the Vanguard funds, courtesy of Jack Bogle. Invest for the long-term, stay the course, stocks beat bonds over the long-term; he trotted them all out in a recent CNBC clip but then left the permabull host speechless when he noted:*JACK BOGLE SEES 2 DECLINES UP TO 50% OVER NEXT DECADEOf course, investors should not wait for these dips to buy (he suggests), as no one can time the markets. Better to hold your nose, feel lucky, and drip-feed your money-on-the-sidelines into something that he suggests will drop by half twice in a decade. It seems someone went a little off script.

AAPL's Worst Day In 10 Weeks Drags S&P/Nasdaq Into Red Post-Cyprus Submitted by Tyler Durden on 04/01/2013 - For the start of a quarter, volume was very weak today (but to be somewhat expected given the holiday) and despite two valiant algo-driven attempts to save the day, the S&P and Nasdaq ended back below its pre-Cyprus levels. The 'magical' Dow ended only a smidge lower on the day as the 'real' markets were all weak. Builders led the drop today but financials (especially the majors) continue to be monkey-hammered (Citi and MS now down 8% post-Cyprus). AAPL also stood out with its biggest drop in 10 weeks as the 50DMA breakout appears to have foxed many fast-money types. The USD faded on the day but provided no juice for stocks as the JPY strength hurt FX carry. VIX made higher highs on the day - hitting 14% as Treasury yields in general slipped 1-2bps. Gold ended unch, Silver down1.6% and Oil's afternoon strength supported some algos under the S&P. Today's equity weakness appears as much a catch-down from last week's disconnects as a possible reflection of the fact that US macro data has seen its worst 3-day run in 9 months.

US Retail Investor - Do You Feel Lucky? Submitted by Tyler Durden on 04/01/2013 - Presented with little comment, but for all those calling for multiple expansion to save us from dismal earnings - take a look at this...

Stockton Becomes Biggest US City To Declare Bankruptcy (It's Official) Submitted by Tyler Durden on 04/01/2013 - 15:24 A mere nine months after we first discussed the inevitability of Stockton, CA.'s bankruptcy, a judge has ordered today that the city will now become the most populous in the US to be declared bankrupt. *STOCKTON CREDITORS DIDN'T NEGOTIATE IN GOOD FAITH, JUDGE SAYS Creditors are pushing to get the city out of bankruptcy but the judge states that "by any measure" the city was insolvent. So, in summary, yeah, it was broke years ago, it still is broke - despite the best efforts by the Central Planning Reserve to reflate the same housing bubble that was the primary reason for the city's insolvency in the first place. Only this time, it's official!

Russia: The Last Capitalist Standing Submitted by Tyler Durden on 04/01/2013 - While most of the western developed economies become more and more centrally planned and creative destruction is avoided at all costs (for fear it will be the straw that breaks the fractionally-reserved, rehypothecated camel's back of the financial system - and therefore sovereign financing); it appears ironic that Russia is playing capitalist hardball with the losers from the Cyprus 'solution'. Russia's First Deputy Prime Minister Igor Shuvalov, announced this weekend, that "if someone gets stuck and loses money in those two biggest banks, that’s really too bad, but the Russian government isn’t planning to do anything in this case." As Bloomberg reports, Shuvalov told reporters last month that Russia may ultimately benefit from Europe’s decision to target deposit holders. By setting that precedent, Europe has cast doubt on the reliability of its banks and makes Russia’s financial system look comparatively more attractive - but is "closely monitoring"  the situation around Russian Commercial Bank, a Cypriot unit of state-run lender VTB Group, adding that VTB's exposure in Cyprus is "absolutely manageable." So, in the new normal, the USA socializes losses but the ex-USSR sticks to its new capitalist roots?

Fed Lies On The Record To Protect Bank Of America, Pulls Testimony Submitted by Tyler Durden on 04/01/2013 - In late 2010, in a superficially stunning move, Bank of America was sued by, among many others, the New York Fed over the biggest bogeyman for the bank's balance sheet - its legacy portfolio of super toxic Countrywide mortgages it inherited in the worst M&A deal of all time (its purchase of CFC) and the inheritance of woefully inadequate mortgage issuance standards which ever since then (recall our prediction on this issue) has cost the bank billions in litigiation payments and reserves.  Obviously, the Fed had no concerns about collecting the money it itself creates, and it certainly doesn't care about legality and criminal financial impropriety, so why was it among the list of plaintiffs? Simple: as we suggested back then, and as has since been proven correct, it was simply so that Bill Dudley's henchmen have a first row view of everything going on in the putback litigation that has been the primary concern for BofA, but with a few of keeping the damage to a minimum. Sure enough, Ever since then the Fed has done everything in its power to mitigate potential losses to BofA as a result of Agent Orange selling hundreds of billions in biohazardous mortgages to anyone and anything with a pulse. It has gotten so bad that the Fed was last week caught lying under testimony, forcing the Fed to take back testimony in a parallel lawsuit between AIG and BofA, which has also involved the New York Fed, as a indirect guardian of BAC's cash hoard.

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

3-28-13

‘THE MAN WHO PREDICTED JAPAN’S LOST DECADE… THE RECESSION OF 1990-92… THE BIGGEST BULL MARKET RUN IN U.S. HISTORY… AND MOST RECENTLY, THE 2008 CREDIT CRISIS AND STOCK MARKET CRASH… NOW PREDICTS:

"DOW 3300!" http://albertpeia.com/dow3300.htm

Yes, today the Dow Jones Average may be near historic highs…
but it won’t be for long! The Dow will drop.

Unemployment will move higher again, to roughly 15% nationwide. It could go as high as 25%

when you include long-term unemployed in the numbers.

Housing prices will fall an additional 30%, despite the biggest stimulus plan in history and the

lowest mortgage rates in 40 years.

Personal bankruptcies and property foreclosures will soar as much as 30%. Consumers are

simply saddled with too much debt — $42 trillion or $140,000 for every man, woman and

child in America — for there to be any other outcome. Falling income will only make matters

worse.

State and municipal governments will be forced into default, especially at the city and country

level. Their budgets are already in crisis and the Federal Reserve is running out of money with

which to cushion these institutions.

The Federal deficit will balloon from $1.3 trillion to as much as $3 trillion because of huge revenue

shortages.

The global credit crisis – phase II – will continue to spread around the globe like a contagious

virus. Greece is already down. Spain will be next.

A second banking crisis will out, despite the lessons “learned” in 2008. Mortgage companies have

resumed offering low interest, no principal “teaser” loans. Investment banks have begun taking unnecessary risks again. And this time, there’ll be no money for a bailout.

ALL OF THIS WILL SEND THE DOW AND OTHER INDEXES TUMBLING AS MUCH AS 70%. IN FACT, WE EXPECT THE DOW TO PLUNGE BACK DOWN TO 3,300 BY LATE 2014.

Ya CaN'T BeaT THe HouSe... Posted by : williambanzai7 Post date: 03/28/2013 - Tell the man somebody here, you can't beat the house... http://albertpeia.com/housebeat.htm

The Definitive Cyprus Bailout Infographic Submitted by Tyler Durden on 03/28/2013 - Everything you wanted to know about the 'unique, exceptional, non-template, toolbox-of-blueprint-instruments' bailout of Cyprus but were afraid to read more than 100 words.

Russia Is Next In Line To Restrict Cash Transactions Submitted by Tyler Durden on 03/28/2013 - The Russians are taking a page from the Europeans book (and not a positive one for libertarians). Given the substantial criminal activity and illegal entrepreneurship in Russia - the grey and black economies account for 50–65 percent of GDP and estimates that about $50 billion was taken out of Russia illegally in 2012 alone - the great and glorious leaders have decided to impose restrictions on cash transactions. As Russia Beyond The Headlines reports, Russia may ban cash payments for purchases of more than 300,000 rubles (around $10,000) starting in 2015 - starting with a higher ($19,500) restriction in 2014. They will also enforce mandatory cash-free salary payments (cash compensation accounts for 15% of GDP currently) in an effort to both bring some of the population's 'grey' income out of the shadow; and increase the volume of cash reserves in the banks. It would appear that wherever we look now, leadership are realizing that the limits of fiscal and monetary policy have been reached and now changing rules, limiting freedom, and outright confiscation are the only way to maintain a status quo. Ironic really, when the enforcement of said rules may just be the catalyst for the end of the status quo as the middle class suffers.

The Abenomics Farce Continues Submitted by Tyler Durden on 03/28/2013 -It's not been a great evening so far for the leadership in Japan. We are now six months into the greatest monetary policy bluff of all time and thanks to the sound and fury from Abe (and now his henchmen) the JPY has devalued by an impressive 25%. The goal, of course, to target inflation and combat the dreaded deflation - that Abe himself today said "can take a long time." So how are we doing? Not so great it seems. Just as the US went 4-for-4 today in dismal data so Japan is 3.5-for-4 as the much-watched 'inflation' missed expectations once again with a -1% print (that would be deflation) - the worst level since August 2010; Japanese Industrial Production slumped 11% year-over-year, far in excess of the consensus 5.8% drop (biggest miss since Feb 2009) and the biggest collapse (ex-Fukushima) since October 2009; and to top it all off, Japanese unemployment ticked up higher than expectations to 4.3% - equal worst in 7 months. The one saving grace was a PMI above 50 (but driven by an 18-month high print in input costs and accompanied by a drop in backlogs and slump in employment sub-indices - so not exactly bursting with euphoria). Need moar Abenomics...

Dead Pigs, Ducks And Now Black Swans: China's Animal Apocalypse Crosses Into The Twilight Zone Submitted by Tyler Durden on 03/28/2013 - First it was thousands of dead pigs floating in the Shanghai water supply (at last estimate over 16,000), then a thousand dead ducks were pulled from a river in the Sichuan province, and now, pushing the meme beyond even its most grotesque boundaries, we learn that five black swans were found floating lifeless on the pond of Anhui University’s old campus in Hefei, traditionally inhabited by a bevy of black swans. From Danwei: "The latest instance of floating dead animals in China – first pigs, then ducks, and now black swans – these mere five black swans became an object of heated discussion on the Internet right after the announcement was made. How did they die? Was it a natural disaster or another man-made one? As Star News tells us today, upon hearing of the news yesterday it immediately sent a journalist to the scene to find out exactly what happened. What he found was just one more filthy pond filled with oily water and garbage."

Guest Post: The Cyprus Deal And The Unraveling Of Fractional-Reserve Banking Submitted by Tyler Durden on 03/28/2013 - The “Cyprus deal” as it has been widely referred to in the media may mark the next to last act in the the slow motion collapse of fractional-reserve banking that began with the implosion of the savings-and-loan industry in the U.S. in the late 1980s. The happy result will be that depositors, both insured and uninsured, in Europe and throughout the world will become much more cautious or even suspicious in dealing with fractional-reserve banks. They will be poised to grab their money and run at the slightest sign or rumor of instability. This will induce banks to radically alter the sources of the funds they raise to finance loans and investments, moving away from deposit and toward equity and bond financing.

Take Everything You Know, And Burn It: A "New Normal" Recantation In Six Simple Lessons

Submitted by Tyler Durden on 03/28/2013 -

Lesson #1 Government agencies allocate capital better than the private sector

Lesson #2 Central banks should control asset prices and prevent them from falling

Lesson #3 Darwin & Schumpeter were wrong, creationists are right; there is such a thing as a free lunch

Lesson #4 Towards a new orthopraxy

Lesson #5 Wondrous tools used by the clergy to grow GDP

Lesson #6 How to finance infinite needs

Spot The Housing Recovery Submitted by Tyler Durden on 03/28/2013 - The housing recovery was described by one muppet on CNBC yesterday as 'parabolic' so we decided to go in search of this mystical anecdotal surge that is so often heard on the airwaves of the preachers. It turns out, the recovery (if that's what you want to call it) is not so much. Just as in Europe, it seems if we repeat the same lie (or hope) often enough, it may just come true. So it is in the US. Headlines crow of YoY gains and ad hoc surges (Vegas and Silicon Valley) but if you dig down just an inch or two into the real data, the housing 'recovery' is the little train that isn't. As Bloomberg notes, regional home prices have recovered to only 2004 levels and while the REO-to-Rent model remains for the late-to-the-gamers, it is inevitably a self-destroying bubble if there is no organic growth and one glance at the rate of mortgage applications ('real' buyers) says all we need to know about the housing 'recovery'.

Buchheit On Cyprus: "The Situation Is Spiralling Down", And Why A Second Bailout May Be Needed Submitted by Tyler Durden on 03/28/2013 - When the world's leading expert on Sovereign debt restructurings believes that the endgame for Cyprus might be another round of restructuring, adding that "I'm not sure this is over," it is important to listen. With the calmness in Cyprus today more reflective of paralysis than confidence,  Lee Buchheit senses that the parameters of how much money will be needed to recapitalize the banks have changed. He tells Bloomberg TV's Lee Pacchia in this brief clip, "the situation is spiraling down... they'll need more money because the economy is worse, tax collections less, deposits will flow out when they can flow out." As for which European nation will be next in need of assistance with its sovereign debt burdens? Buchheit agrees with us that while many are looking to Slovenia, he sees real economic and political problems in both Italy and Spain remaining especially since the EU "have certainly changed the rules of the game."

Victory: "A Few Good Men" Push The Market To New All Time Highs Submitted by Tyler Durden on 03/28/2013 - Appropriately enough, the S&P 500 closed at its all-time high closing price today on pretty much the lowest volume day of the year. Q1 ends with the Dow up 11.25% (on ever-decreasing volume) and the Long Bond down 2% (but don't expect a rotation as it was down 3.75% in Q1 2012). Gold and Silver down 3.6 and 6.4% respectively (as physical demand has surged) while WTI crude is up 4.25%. Ignoring the first day of the year's exuberant spurt, credit markets are unchanged and VIX is only modestly lower. Healthcare was the biggest winner in Q1, rising over 15%. The last time we had a Q1 as good as this? 1987... dun dun dun...

RANsquawk Weekly Wrap - 28th March 2013

Submitted by RANSquawk Video on 03/28/2013

About Those (Not So) Record Profits Submitted by Tyler Durden on 03/28/2013 - With the S&P 500 on track for an 11% gain in Q1, and the foundations of global growth (China?), and European tail-risk (back in a big way) now off the table; it would appear that the asset-getherers are falling back to 'earnings' as the meme-du-jour. Despite the now more-than-anecdotal evidence from several major bellwether stocks, faith is strong that margins will expand and the "mother's milk' of stocks will flow. However, it appears in reality that things are a little different; as we noted here, actual margins have fallen to Q1 2010 levels (even as expectations soar) and with labor costs rising (and Okun's law broken), the following chart should make it extremely clear just where the pain will have to come from to confirm the 'hope'. US firms have been slashing labor costs for a decade and it appears they have hit a self-destructing wall as sentiment, spending, and employment gang up to ruin the party - no matter how hard the government tries to fund the great rotation from employment to benefits.

Food Fraud Hits New Low: Dog Meat In British Curry Submitted by Tyler Durden on 03/28/2013 - The food fraud story has now progressed from somewhat humorous with the undersized Subway footlong subs, to the highly disturbing with the revelations of horse meat and fake tuna, to the really creepy with the now potential emergence of dog meat in UK lamb curry.  No you can’t print lamb folks, which is exactly why many humans are now eating worse than their pets in the Western world.

Frontrunning: March 28

Submitted by Tyler Durden on 03/28/2013

Lines Form as Cyprus Banks Reopen (WSJ)

Greek Bets Sank Top Cyprus Lenders - Banks at Heart of Cyprus Mess Were Bullish on Athens as Other Investors Fled (WSJ)

Hollande Economic Woes Masked by Cyprus Fig Leaf (BBG)

M&A Stumbles Amid March Deal Drought (BBG) ... but any minute now

Train hauling Canadian oil derails in Minnesota  (Reuters) - must be an evil pipeline riding first class

Slovenian Austerity After Cyprus Fails to Stem Yield Gain (BBG)

Banks Seek to Overturn Judge’s Ruling in Critical Mortgage Case (NYT)

Ships Costing U.S. $37 Billion Lack Firepower, Navy Told (BBG)

OECD still gloomy on eurozone recovery (FT)

BOJ's Kuroda says asset purchase limit already broken (Reuters)

Kuroda warns Japan debt ‘not sustainable’ (FT)

BOJ’s Kuroda Vows to Continue Easing Until 2% Target Achieved (BBG)

South Korea cuts economic forecast (FT)

The Global Elite Are Very Clearly Telling Us That They Plan To Raid Our Bank Accounts

http://albertpeia.com/elitesraidingbankaccounts.htm

{ 30 Population Control Quotes That Show That The Elite Truly Believe That Humans Are A Plague Upon The Earth http://albertpeia.com/humanplagueonearth.htm , http://albertpeia.com/45signsamericatinyelitemajoritypoor.htm , Corporatism: A System Of Control Designed By The Monopoly Men Of The Global Elite http://albertpeia.com/corporatistcontrol.htm , 29 Signs That The Elite Are Transforming Society Into A Total Domination Control Grid http://albertpeia.com/dominationcontrolgrid.htm { First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently, primitive apes. See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. } [ 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said: The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing
http://albertpeia.com/planetalreadyruined.htm ] The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

A DRaGHi IN THe HeaDLiGHTS... Posted by : williambanzai7 Post date: 03/23/2013 - WARNING: BANZAI7 SUNDAY AM FOOD AND BEVERAGE WARNING IN EFFECT... http://albertpeia.com/dragoonsintheheadlights.htm

Words Of Warning: Get Your Money Out Of European Banks

http://albertpeia.com/warninggetmoneyoutofbanks.htm

60 Completely Outrageous Ways The U.S. Government Is Wasting Money

http://albertpeia.com/60outrageouswaysgovwastesmoney.htm

Krugman's "Smoot-Hawley Moment" Posted by : Bruce Krasting Post date: 03/25/2013 - This is what the world's "smartest" economist is calling for. http://albertpeia.com/krastingalloverkrugman.htm

BLaCKSWaN DiJSSeLBooM! Posted by: williambanzai7 Post date: 03/25/2013 - Who said the circus left town? http://albertpeia.com/blackswan.htm

FiNaNCe IS THe CoNTiNUaTION OF WaR... Posted by : williambanzai7Post date: 03/22/2013 - By other means. http://albertpeia.com/financewar.htm

{ I no longer will be following Phoenix Capital Resources … too much advertising … too much propaganda … too little meaningfully relevant substance (america et al’s problems are huge). After all, with all china’s faults, not the least of which is communism (I’m definitely not their advocate), one must realistically ask, ‘what nation(s), based on lies and for the sake of military industrial complex profits (as warned against by the great but underrated President General Eisenhower) has been engaged in Orwellian perpetual war despite defacto bankruptcy and pervasive corruption’? Not China… Eureka! Amerika et als! Inflation Calls BS on the China “Miracle” http://albertpeia.com/inflationinchina.htm { For the first time I’m constrained to label a piece by Mr. Summers wishful thinking and a u.s. government propaganda piece at best. While aptly pointing out chinese corruption and fraud as is particularly pervasive in america, he conveniently ignores the success of their primitive, basic, simplistic capitalist business model of low costs (primarily labor, materials, etc.) fueled particularly ab initio by american greed. Go to any store and pick up nearly any product and the likelihood of ‘made in china’ is upwards of 95% (then as well, as with apple, taking into account components). Clearly, Mr. Summers lacks depth of understanding/knowledge concerning costs of tooling, retooling, and manufacturing generally, as well as cost accounting among other business/finance disciplines. As regards their nominal communist system, I remain staunchly opposed to the invariable lie of communism, although the meaningfully lawless (‘too big to fail or jail’) and corrupt, oligarchical crony faux capitalist welfare dependent failing (and ever more socialist) system in america is hardly a laudable alternative. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm . The point is, america’s substantial problems are not the result of Chinese corruption; but rather, plain old american pervasive corruption and criminality. }

Marketwatch No stock in Social Security Henry Hebeler There are too many risks to start sinking any part of the Social Security fund into equities. { The desperate wall street/government frauds are at it again, sensing the debacle around the corner. And, just as we’d thought we’d heard the last of this preposterously fraudulent idea from war criminal and (fellow, with wobama) failed president dumbya bush. }

Marketwatch Don't jump into stocks Howard Gold Commentary: Now is not the time to get into equities

Mass Panic In Cyprus: The Banks Are Collapsing And ATMs Are Running Out Of Money

http://albertpeia.com/masscollapseincypress.htm

HoT CuTs FoR HoT MoNeY... Posted by: williambanzai7 Post date: 03/21/2013 - Official Haircuts for Depositors. http://albertpeia.com/hotcutshotmoney.htm

Why Is The World Economy Doomed? The Global Financial Pyramid Scheme By The Numbers

http://albertpeia.com/worldeconomydoomed.htm

{ And, truth be told, with just decades left at best, not just the economy! }

Guest Post: How I Became A Trillionaire (And Some Thoughts On Inflation) Submitted by Tyler Durden on 03/20/2013 - These photos illustrate the fundamentally arbitrary nature of fiat (paper) money. Why do we prefer the $100 greenback over the $100 trillion note issued by the Reserve Bank of Zimbabwe? The purchasing power of the Benjamin far exceeds the purchasing power of the $100 trillion bill. But the Benjamin is not immune to inflation; the dollar has lost about 95% of its 1900 purchasing power.  If 95% of households are experiencing a loss of purchasing power and most of the new money and credit are flowing to the top 5%, you get asset bubbles, not demand-driven inflation. When 95% of the households are poorer in terms of purchasing power and financial wealth, where can demand-driven inflation arise in a global economy of massive manufacturing and labor over-capacity? The rise in costs within industries controlled by cartels (healthcare, higher education, defense, etc.) may look like demand-driven inflation, but are actually transfers of wealth and purchasing power from households to the government-protected cartels.

La CaGe AuX FooLS... Posted by : williambanzai7 - Meet the Troika Follies! http://albertpeia.com/lacageauxfools.htm

Chief Actuary for SS - Raid the Retirement Fund! Posted by: Bruce Krasting http://albertpeia.com/governmentraidofssretirementfund.htm

Why You Should Be Terrified Of What Just Happened in Cyprus The simple fact remains that politicians proposed stealing savings deposits from the people in order to fund a bank bailout. You can dress this idea up however you like, calling it a... http://albertpeia.com/terrorofterroristthieves.htm

http://albertpeia.com/bankingmeltdown.htm

http://albertpeia.com/bankingsystemcollapse.htm

INVeRTeD EuRo MaRXiSM... Posted by : williambanzai7 Post date: 03/19/2013 - A fiat accompli! http://albertpeia.com/invertedeuromarxism.htm

BiG PiCTuRe: THe CYPRuS EFFeCT... Posted by : williambanzai7 Post date: 03/18/2013 - So, adding it all up so far, who has gotten the immediate benefit of this Cyprus fiasco? http://albertpeia.com/bigpiccypruseffect.htm

http://albertpeia.com/socialistamericanpropaganda.htm

Marketwatch Jeff Reeves 10 signs of a tumble http://albertpeia.com/stockstotumble.htm Commentary: These negative headlines and data point to the end for stock rally. Buckle up for a bumpy stock-market ride

http://albertpeia.com/biggestlieevertoldandsold.htm

In Re INa DReW... Posted by: williambanzai7 Post date: 03/15/2013 -It's all Bull S*** folks and its bad for ya!--George Carlin http://albertpeia.com/jailjamiecorzine.htm

An Orwellian America Submitted by Tyler Durden on 03/15/2013 - The state, crippled by massive deficits, endless war and corporate malfeasance, is clearly sliding toward unavoidable bankruptcy. It is time for Big Brother to take over from Huxley’s feelies, the orgy-porgy and the centrifugal bumble-puppy. We are transitioning from a society where we are skillfully manipulated by lies and illusions to one where we are overtly controlled. We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance... We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance.

17 Signs That A Full-Blown Economic Depression Is Raging In Southern Europe … U.S. Next?

http://albertpeia.com/euusdepression.htm

The Federal Reserve System Is A Massive Wealth Redistribution Scheme

http://albertpeia.com/fedreservemassivewealthredistributionscheme.htm

ALL HaiL THe QUaNTiTaTiVe EaSeRs...AND BeWaRe THe IDeS oF FARCE... Posted by : williambanzai7 Post date: 03/14/2013 - A MESSAGE FROM THE BANZAI7 EMERGENCY FARCECAST SYSTEM... http://albertpeia.com/bewaretheidesoffarce.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

3-27-13

The Global Elite Are Very Clearly Telling Us That They Plan To Raid Our Bank Accounts

http://theeconomiccollapseblog.com

http://albertpeia.com/elitesraidingbankaccounts.htm

{ 30 Population Control Quotes That Show That The Elite Truly Believe That Humans Are A Plague Upon The Earth http://albertpeia.com/humanplagueonearth.htm , http://albertpeia.com/45signsamericatinyelitemajoritypoor.htm , Corporatism: A System Of Control Designed By The Monopoly Men Of The Global Elite http://albertpeia.com/corporatistcontrol.htm , 29 Signs That The Elite Are Transforming Society Into A Total Domination Control Grid http://albertpeia.com/dominationcontrolgrid.htm { First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently, primitive apes. See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. } [ 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said: The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing
http://albertpeia.com/planetalreadyruined.htm ] The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

Marc Faber: "I Am Sure Governments Will One Day Take Away 20-30% Of My Wealth" Submitted by Tyler Durden on 03/27/2013 - We cautioned readers in 2011 that in a broke world in which the ridiculously named "muddle-through" has miserably failed, a global wealth tax seeking to expropriate some 30% of all financial assets is coming. Few took it seriously, and why should they - after all the market has been blissfully rising before and ever since then, which implies everything was ok, right? Wrong, as those who are lining up right now in the Cyprus late of night not to buy a shiny new iTrinket, but to access a measly €300 of their own money would promptly admit. Naturally, if more of our Cypriot readers had paid attention, they would have far more of their own money at their disposal right now, instead of having to beg Merkel's emissaries for a €300 handout tomorrow. Now, a year and a half later, the realization that the global wealth tax is not only coming but is inevitable in practically every developed country, is finally sinking in, as this interview with Marc Faber confirms: "Until now, the bailouts in Europe and the U.S. were at the expense of the taxpayer. And from now onwards, in my view, the bailouts will also be at the expense of the asset holders, the well-to-do people. So if you have money I am sure the governments will one day take away 20-30% of my wealth."He is correct, but probably optimstic.

That Physical Gold You Thought You Owned? You Didn't Submitted by Tyler Durden on 03/27/2013 - "The Order finds that the Respondents’ customers thus never owned, possessed, or received title to the physical commodities that they believed they purchased."

Guest Post: Second LNG Super Tanker Arrives In UK To Help With Natural Gas Shortage Submitted by Tyler Durden on 03/27/2013 - Due to unseasonably cold weather the UK has seen high demand for natural gas, far higher than anything expected, and the truth is that the country was not prepared. The dwindling supplies form the North Sea were unable to meet the high demand, and storage reserves reached dangerously low levels, leading some to suggest that the UK may run out of gas altogether within days. The government denied these reports and began frantically searching for alternative supplies to meet the demand. Supplies were not hard to come by as the shortage had caused spot prices in the UK increase to some of the highest in the world, attracting tankers from around the world. A giant tanker, the Zarga, has docked at Milford Haven in Pembrokeshire to unload its cargo of LNG. It is the second such tanker to have been diverted to Britain in the last couple of days in search of the high prices that can be charged there. The Mekaines docked at Kent on Sunday. The vessels carried a combined total of more than 500,000 cubic metres of LNG, enough to meet the entire UKs demand for 12 hours.

Flash Crash Mystery Solved Submitted by Tyler Durden on 03/27/2013 - Below are portions of a comment letter submitted by R.T. Leuchtkafer to the SEC on April 16, 2010, just 3 weeks before flash crash. The second paragraph in the excerpt below, unknowingly describes exactly how the flash crash was started. The letter goes on to alert the SEC on the dangers of High Frequency Trading (HFT), phantom liquidity and other concerns.

Pair Trade Opportunity Of The Year: Long European, Short Chinese Caterers Submitted by Tyler Durden on 03/27/2013 - It has been a recurrent joke that in addition to Germany (see chart), the only winners out of the slow-motion trainwreck that is the Eurozone, are the Belgian caterers who in 2010, 2011 and 2012 had an absolute record profit year following what was a weekly summit after summit in which we learned, without fail, that Europe is fine, couldn't be finer, and to "believe" Draghi that he would crush and mangle anyone who dared to short the EURUSD (ironic when every other central bank is literally paying FX traders to short their currency). But while caterers were literally swimming in money in the past three years, charging European taxpayers hundreds of thousands of euros per hour for either sturgeon eggs and pâté, or boxed lunches depending on the amount of austerity imposed, so far 2013 has been rather dry. All that of course is about to change, following the epic fiasco with the Cyprus "bail-in", which courtesy of Diesel-BOOM's subsequent clarification, is a unique template that will never be repeated... until the next PIIG finds itself in the same trough, which now that the dominoes are dropping once more, shouldn't be too long. Which is why the best levered derivative trade on the European "positive contagion" mutating back into its "negative" wilde-type is to go long European caterers. However, to offset as much non-catering risk as possible, it would be ideal to have a pair trade opportunity, whereby to go short an offsetting catering exposure. Luckily, we have found just that. Luckily we have just the trade.

Moody's: Cyprus Euro Exit Risk Substantial Submitted by Tyler Durden on 03/27/2013 - Though it may seem a little like stating the obvious to many, Moody's comments: While the risk of a euro exit by Cyprus is substantial... ...following the economic dislocation that will be caused by the restructuring of the island's two largest banks and the imposition of capital controls in the country, it is possible that the risk of euro exit will increase further. And so while the talking heads discuss Cyprus as a unique situation and too small to care about, it seems the reality of the last two weeks has actually raised their chance of Euro exit as opposed to bailed them into the Euro.

Guest Post: A Sane Person Ought To Consider These Important Lessons Submitted by Tyler Durden on 03/27/2013 - One would think that certain truths are obvious by now. It should be obvious, for example, that there are consequences to living beyond your means. It should be obvious that there are consequences to a long history of spending unsustainably and accumulating mountains of debt. And it should be obvious that there are consequences to dealing with such problems by spending more and accumulating even more debt. It should be obvious. But it’s not. Hyperinflation always starts with a surge in asset prices. And as I see stock markets at new highs, property prices posting big increases, and bond yields of the greatest debtor nations in the world hover at just over ZERO, a sane person ought to consider these important lessons from history.

Phrase Of The Day: "Irrational Divergences" Submitted by Tyler Durden on 03/27/2013 - Deja Deja... oh forget it. S&P failed to make its all-time highs. We dipped (on heavy volume) and wiggled all the way back on no volume in stocks. Healthcare and Utilities lead the week but high-beta momo-monkeys chased homebuilders on the day. Wherever you looked today - apart from stocks - risk assets were being sold. VIX is higher on the day (and 2.5 vols disconnected from stocks); high-yield and investment-grade credit markets are ending near their worst level of the week - suggesting the S&P is 20 points rich; Treasuries ended off their low yields but stil down 7bps on the week and notably more post-Cyprus (with stocks in the green post Cyprus). The USD strengthened further during the EU session and flatlined in the US afternoon (with EURJPY leading the way down and not supportive at all of the equity rally). Apple lost its 50DMA again, dropping 2.2%. Equity volume was extremely low (cash and futures) and average trade size the lowest of the year. The phrase of the day is - irrational divergence.

Santelli On The End Of Paper Gold's Reign Submitted by Tyler Durden on 03/27/2013 - Central Banks remain aggressive accumulators of the precious metal as we noted last night, as their actions outweigh their words; but as CNBC's Rick Santelli notes today, there is a big difference between the physical bullion they are buying and the 'gold bug' trading currently going on in our markets: I don't even look at gold as gold anymore since they securitized it. If things [went] badly in the world that I used to observe (as a gold bug); the gold would end up in the hands of the gold bugs. If things go badly now, they're going to end up with checks from ETFs! Sorry, it's not the same. The reign of [paper] gold as the Ayn Rand endgame, to me, that's over. Game, Set, Match. Which likely explains the incessant demand for precious metals from the US Mint over the past few months - as the other great rotation (from paper to physical) proceeds.

Egan-Jones Downgrades UK From AA- To A+ Submitted by Tyler Durden on 03/27/2013 - Thought you could shut up Egan-Jones? Sure, you could... as a NRSRO: the same worthless designation that is carried by Moodys and S&P. However, that does not prevent them to act, and provide their ratings opinion, as a non-NRSRO. Which is exactly in what capacity the infamous firm, which was targeted by the SEC for daring to downgrade the US (the same reason S&P was sued by the DOJ later), just downgraded the UK from AA- to A+.

Frontrunning: March 27

Submitted by Tyler Durden on 03/27/2013

What bread... What circuses... JPMorgan Chase Faces Full-Court Press of Federal Investigations (NYT)

European Regulators to Charge Banks Over Derivatives (WSJ) ... but forgive us if we don't hold our breath

Cyprus readies capital controls to avert bank run (Reuters)

Damage ripples through Cypriot economy (FT)

G4S readies guards as Cypriot banks prepare to open (Reuters)

Global pool of triple A status shrinks 60% (FT)

Customers Flee Wal-Mart Empty Shelves for Target, Costco (BBG)

BOE Says U.K. Banks Have Capital Shortfall of $38 Billion (BBG)

U.K. Banks Facing Capital Shortfall (WSJ)

Cyprus Details Bank Revamp (WSJ)

Kazumasa Iwata Joins Kuroda Naysayers as BOJ to Meet (BBG)

BRICS Nations Need More Time for New Bank, Russia Says (BBG)

A DRaGHi IN THe HeaDLiGHTS... Posted by : williambanzai7 Post date: 03/23/2013 - WARNING: BANZAI7 SUNDAY AM FOOD AND BEVERAGE WARNING IN EFFECT... http://albertpeia.com/dragoonsintheheadlights.htm

Words Of Warning: Get Your Money Out Of European Banks

http://albertpeia.com/warninggetmoneyoutofbanks.htm

60 Completely Outrageous Ways The U.S. Government Is Wasting Money

http://albertpeia.com/60outrageouswaysgovwastesmoney.htm

Krugman's "Smoot-Hawley Moment" Posted by : Bruce Krasting Post date: 03/25/2013 - This is what the world's "smartest" economist is calling for. http://albertpeia.com/krastingalloverkrugman.htm

BLaCKSWaN DiJSSeLBooM! Posted by: williambanzai7 Post date: 03/25/2013 - Who said the circus left town? http://albertpeia.com/blackswan.htm

FiNaNCe IS THe CoNTiNUaTION OF WaR... Posted by : williambanzai7Post date: 03/22/2013 - By other means. http://albertpeia.com/financewar.htm

{ I no longer will be following Phoenix Capital Resources … too much advertising … too much propaganda … too little meaningfully relevant substance (america et al’s problems are huge). After all, with all china’s faults, not the least of which is communism (I’m definitely not their advocate), one must realistically ask, ‘what nation(s), based on lies and for the sake of military industrial complex profits (as warned against by the great but underrated President General Eisenhower) has been engaged in Orwellian perpetual war despite defacto bankruptcy and pervasive corruption’? Not China… Eureka! Amerika et als! Inflation Calls BS on the China “Miracle” http://albertpeia.com/inflationinchina.htm { For the first time I’m constrained to label a piece by Mr. Summers wishful thinking and a u.s. government propaganda piece at best. While aptly pointing out chinese corruption and fraud as is particularly pervasive in america, he conveniently ignores the success of their primitive, basic, simplistic capitalist business model of low costs (primarily labor, materials, etc.) fueled particularly ab initio by american greed. Go to any store and pick up nearly any product and the likelihood of ‘made in china’ is upwards of 95% (then as well, as with apple, taking into account components). Clearly, Mr. Summers lacks depth of understanding/knowledge concerning costs of tooling, retooling, and manufacturing generally, as well as cost accounting among other business/finance disciplines. As regards their nominal communist system, I remain staunchly opposed to the invariable lie of communism, although the meaningfully lawless (‘too big to fail or jail’) and corrupt, oligarchical crony faux capitalist welfare dependent failing (and ever more socialist) system in america is hardly a laudable alternative. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm . The point is, america’s substantial problems are not the result of Chinese corruption; but rather, plain old american pervasive corruption and criminality. }

Marketwatch No stock in Social Security Henry Hebeler There are too many risks to start sinking any part of the Social Security fund into equities. { The desperate wall street/government frauds are at it again, sensing the debacle around the corner. And, just as we’d thought we’d heard the last of this preposterously fraudulent idea from war criminal and (fellow, with wobama) failed president dumbya bush. }

Marketwatch Don't jump into stocks Howard Gold Commentary: Now is not the time to get into equities

Mass Panic In Cyprus: The Banks Are Collapsing And ATMs Are Running Out Of Money

http://albertpeia.com/masscollapseincypress.htm

HoT CuTs FoR HoT MoNeY... Posted by: williambanzai7 Post date: 03/21/2013 - Official Haircuts for Depositors. http://albertpeia.com/hotcutshotmoney.htm

Why Is The World Economy Doomed? The Global Financial Pyramid Scheme By The Numbers

http://albertpeia.com/worldeconomydoomed.htm

{ And, truth be told, with just decades left at best, not just the economy! }

Guest Post: How I Became A Trillionaire (And Some Thoughts On Inflation) Submitted by Tyler Durden on 03/20/2013 - These photos illustrate the fundamentally arbitrary nature of fiat (paper) money. Why do we prefer the $100 greenback over the $100 trillion note issued by the Reserve Bank of Zimbabwe? The purchasing power of the Benjamin far exceeds the purchasing power of the $100 trillion bill. But the Benjamin is not immune to inflation; the dollar has lost about 95% of its 1900 purchasing power.  If 95% of households are experiencing a loss of purchasing power and most of the new money and credit are flowing to the top 5%, you get asset bubbles, not demand-driven inflation. When 95% of the households are poorer in terms of purchasing power and financial wealth, where can demand-driven inflation arise in a global economy of massive manufacturing and labor over-capacity? The rise in costs within industries controlled by cartels (healthcare, higher education, defense, etc.) may look like demand-driven inflation, but are actually transfers of wealth and purchasing power from households to the government-protected cartels.

La CaGe AuX FooLS... Posted by : williambanzai7 - Meet the Troika Follies! http://albertpeia.com/lacageauxfools.htm

Chief Actuary for SS - Raid the Retirement Fund! Posted by: Bruce Krasting http://albertpeia.com/governmentraidofssretirementfund.htm

Why You Should Be Terrified Of What Just Happened in Cyprus The simple fact remains that politicians proposed stealing savings deposits from the people in order to fund a bank bailout. You can dress this idea up however you like, calling it a... http://albertpeia.com/terrorofterroristthieves.htm

http://albertpeia.com/bankingmeltdown.htm

http://albertpeia.com/bankingsystemcollapse.htm

INVeRTeD EuRo MaRXiSM... Posted by : williambanzai7 Post date: 03/19/2013 - A fiat accompli! http://albertpeia.com/invertedeuromarxism.htm

BiG PiCTuRe: THe CYPRuS EFFeCT... Posted by : williambanzai7 Post date: 03/18/2013 - So, adding it all up so far, who has gotten the immediate benefit of this Cyprus fiasco? http://albertpeia.com/bigpiccypruseffect.htm

http://albertpeia.com/socialistamericanpropaganda.htm

Marketwatch Jeff Reeves 10 signs of a tumble http://albertpeia.com/stockstotumble.htm Commentary: These negative headlines and data point to the end for stock rally. Buckle up for a bumpy stock-market ride

http://albertpeia.com/biggestlieevertoldandsold.htm

In Re INa DReW... Posted by: williambanzai7 Post date: 03/15/2013 -It's all Bull S*** folks and its bad for ya!--George Carlin http://albertpeia.com/jailjamiecorzine.htm

An Orwellian America Submitted by Tyler Durden on 03/15/2013 - The state, crippled by massive deficits, endless war and corporate malfeasance, is clearly sliding toward unavoidable bankruptcy. It is time for Big Brother to take over from Huxley’s feelies, the orgy-porgy and the centrifugal bumble-puppy. We are transitioning from a society where we are skillfully manipulated by lies and illusions to one where we are overtly controlled. We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance... We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance.

17 Signs That A Full-Blown Economic Depression Is Raging In Southern Europe … U.S. Next?

http://albertpeia.com/euusdepression.htm

The Federal Reserve System Is A Massive Wealth Redistribution Scheme

http://albertpeia.com/fedreservemassivewealthredistributionscheme.htm

ALL HaiL THe QUaNTiTaTiVe EaSeRs...AND BeWaRe THe IDeS oF FARCE... Posted by : williambanzai7 Post date: 03/14/2013 - A MESSAGE FROM THE BANZAI7 EMERGENCY FARCECAST SYSTEM... http://albertpeia.com/bewaretheidesoffarce.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

3-26-13

This Is How A Country Ends: Not With A Bang, But A Bailout Submitted by Tyler Durden on 03/26/2013 - Curious how in the New Normal a nation is brought to its untimely end without a single shot being fired? Dimos Dimosthenous, who has worked at the Bank of Cyprus for over 30 years, explains: "That will be the end. Our jobs, our rights, our welfare funds will be lost and Cyprus will be destroyed." In short: not with a bang, but a bailout.

Guest Post: Whom To Believe On Gold: Central Banks Or Bloomberg? Submitted by Tyler Durden on 03/26/2013 - Bloomberg reported recently that Russia is now the world's biggest gold buyer, its central bank having added 570 tonnes (18.3 million troy ounces) over the past decade. At $1,650/ounce, that's $30.1 billion worth of gold. Russia isn't alone, of course. Central banks as a group have been net buyers for at least two years now. But the 2012 data trickling out shows that the amount of tonnage being added is breaking records. Based on current data, the net increase in central bank gold buying for 2012 was 14.8 million troy ounces – and that's before the final 2012 figures are in for all countries. This is a dramatic increase, one bigger than most investors probably realize. To put it in perspective, on a net basis, central banks added more to their reserves last year than since 1964. The net increase – so far – is 17% greater than what was added in 2011, which was itself a year of record buying. The message from central banks is clear: they expect the dollar to move inexorably lower. It doesn't matter that it's been holding up against other currencies or that the economy might be getting better. They're buying gold in record amounts because they see a significant shift coming with the status of the dollar, and they need to protect themselves against that risk. Embrace the messages central bankers are telling us – the ones they tell with their actions, not their words.

Apple Cash In, Apple Cash Out - The Full Breakdown Submitted by Tyler Durden on 03/26/2013 - Ever wonder how much iTunes represents of Apple's revenue model? Ever consider just how high the cost of sales is for Apple's products? This beautiful chart from Asymco shows just where Apple's revenues come from and where they are spent for the last quarter....

Guest Post: Post-Cyprus Blues: Confusion And An Erosion Of Faith Submitted by Tyler Durden on 03/26/2013 - The present confusion is legitimate: it is far too early to be projecting much from Cyprus except a continued erosion of faith in Eurozone banks and leadership, and by default, the euro as a placeholder of purchasing power.

Q1 2012 Deja Vu: Pension Fund Rebalancing Suggests Window Un-Dressing Could Hurt Stocks Submitted by Tyler Durden on 03/26/2013 - As we previously expected, 2013 has started in a strikingly similar vein to 2012 and 2011 and we are nearing that deja-vu turning point once again. However, the extreme relative outperformance of stocks to bonds in Q1 suggests very sizable quarter-end pension-fund rebalancing flows - and perhaps today's ramp was perfectly presented to enable that into the next two days. UBS expects US defined benefit funds to do sizable Q1 quarter-end rebalancing - anticipating $29-35 billion of equity outflows and perhaps as much as $15-19 billion of fixed income inflows. Equity outflows should be dominated by domestic stocks, with $22-27 billion of large cap and $10-12 billion of small cap sales. Furthermore, reading through the recent 10K statements of large corporate pension sponsors, they note consistent, and growing, interest in liability-driven strategies and even full-blown de-risking - supporting high grade long and intermediate government and corporate bonds. Not only are the flows pointing in a similar direction but the catalysts are lining up too.

Income Growth For Bottom 90% In America Since 1966 Is... $59! Submitted by Tyler Durden on 03/26/2013 - We’ve all seen these statistics before in one form or another, but David Cay Johnston does an excellent job going into more detail for us in an article he published late last month.  As he correctly notes, when things get extreme like this you ultimately end up with extreme social unrest.  Furthermore, as we have pointed out for years and years, this kind of disparity does not happen under free markets with rules and regulations applied equally to all.  It happens under totalitarian societies, whether fascism, communism or crony capitalist corporatism (which is the model in the USA).  It only happens when a very small oligarch class takes over the political process of a nation and then uses it to game the system.

For High Yield Bonds, Is "Frothy" The New "Irrational Exuberance" Submitted by Tyler Durden on 03/26/2013 - Barclays index of high yield bond total returns is now 63% higher that its pre-crisis peak. This compares to an equivalent total return index for the S&P 500 was only 12% (and it has yet to break the October 2007 highs). These numbers are astronomical in the face of micro- and macro-fundamentals and while equity markets remain the policy tool du jour for the central planning elite, it appears they are perhaps starting to become a little concerned that driving all the retiring boomers 'safe' money into risky bets may not end so well. Just as Alan Greenspan stepped on the throat of equity markets with his now infamous 'irrational exuberance' speech, we wonder, as Bloomberg notes, if last night's speech to the Economic Club of New York by Bill Dudley is the new normal equivalent, as he noted, "some areas of fixed income - notably high-yield and leveraged loans - do seem somewhat frothy," just as we warned here. With the high-yield index trading at 5.56% yield - the lowest in over 25 years and loans bid at 98.27 (the highest since July 2007), perhaps he is right to note, "we will need to keep a close eye on financial asset prices."

Santelli Stunned: It's Better To Be On Disability Than Work Minimum Wage Submitted by Tyler Durden on 03/26/2013 -The sad truth in the USA, as we explained in great detail here, incentives to 'work' are increasingly non-existent. Thanks to a never-ending stream of benefits from the great and powerful Oz, as CNBC's Rick Santelli notes, Disability payments (of which there are 14 million people covered in the US - none of which count towards the unemployment rate) pay around $13,000 per year (versus $15,000 for minimum wage work). However, Santelli exclaims, the people on disability get healthcare; and this program costs the US $300 billion per year. Is it any wonder that only 1% of those who were on disability in Q1 2011 have left? Santelli comments, "I'm not saying there aren't people that are on disability that shouldn't be, but much of it is illnesses like back pain... it's a judgment call," adding that, "without incentives, large issues go ...totally unfixed."

Guest Post: 'Available' Submitted by Tyler Durden on 03/26/2013 - It is clear now that we must have been wrong about the economy. No more proof is needed than the fact the Dow has gone up 1,500 points. Everyone knows the stock market reflects the true health of the nation – multi-millionaire Jim Cramer and his millionaire CNBC talking head cohorts tell us so. Ignore the fact that the bottom 80% only own 5% of the financial assets in this country and are not benefitted by the stock market in any way. It is time to open your eyes and arise from your stupor. Observe what is happening around you. Look closely. Does the storyline match what you see in your ever day reality? It is them versus us. Whether you call them the invisible government, ruling class, financial overlords, oligarchs, the powers that be, ruling elite, or owners; there are powerful wealthy men who call the shots in this global criminal enterprise. No amount of propaganda can cover up the physical, economic, social, and psychological descent afflicting our world. There’s a bad moon rising and trouble is on the way.

Student Loan Defaults Soar By 36% Compared To Year Ago Submitted by Tyler Durden on 03/26/2013 - The growing debacle that is the US student loan bubble - nearly the same size and severity as the Subprime crisis at its peak- has been painfully dissected on these pages in the past, so at this point the only thing remaining is to keep track of the bubble growing exponentially in real time as it hits all time records, and eventually pops. Helping us to track the realtime growth is the latest data from Equifax, via Reuters, which confirms what everyone knows: things in student bubble land are getting worse by the minute. Much worse, because in just the first two months of 2013, banks wrote off $3 billion of student loan debt, up more than 36 percent from the year-ago period, as many graduates remain jobless, underemployed or cash-strapped in a slow U.S. economic recover.

Another Dow All-Time High But Bonds/Credit/Banks Ain't Buying It Submitted by Tyler Durden on 03/26/2013 - Wealth levies and a European banking system collapsing; dismal capital goods new orders; a miss for new home sales and Richmond Fed; almost the lowest volume of the year in stocks, and Treasury bonds trading at their lowest yield since the Cyprus debacle started - a perfect recipe to try a run to all-time closing highs in the S&P 500. The previous high close (not intraday) was 1565.17 on 10/09/07 and we missed it by less than 2 points today. What has taken us to these new post-Cyprus highs, safety - Staples, Healthcare, and Utilities (up 1-3% since 3/15 Cyprus). Banks remain battered with C, GS, and MS all down 5-6%. Treasuries and corporate bonds reflected a considerably different perspective on risk-appetite to stocks today. While the USD largely flatlined, with JPY weakening, EURJPY (and WTI it seems) led stocks higher on dismal volume. Gold, silver, and copper flatlined (following the USD's lead) but the disconnect between VIX/Stocks and Bonds/Credit was extreme by the close. VIX remains 1.5 vols higher than it was when stocks were last here and the protection bid in credit markets (and low volume in stocks) suggests equity algos simply forgot that Europe opens again in 8 hours.

Expect These Eight Steps From The Government’s Playbook Submitted by Tyler Durden on 03/26/2013 - To anyone paying attention, reality is now painfully obvious. These bankrupt, insolvent governments have just about run out of fingers to plug the dikes. And history shows that, once this happens, governments fall back on a very limited playbook...

Bob Janjuah Tactical Short But "We Are Not There Yet" For The Big One Submitted by Tyler Durden on 03/26/2013 - Following Nomura's Bob Janjuah's 'wine into water... are we there yet?' note in February, the market has followed his script almost perfectly with a continued push to new highs and a small sell-off that was bought excitedly. While he remains convinced that "in terms of positioning and sentiment, we are 'not there yet'," for his 50% S&P 500 plunge; he does believe Q2 will see a 5-10% dip to 1450 as the shambolic policy responses to Cyprus and the 'cat' that #DieselBoom 'let out the bag' add to increasingly weak global growth data. While this dip will also likely be bought, the bearded bear expects the market's comeuppance to arrive late 2013.

March Consumer Confidence Plunges As New Home Sales, Richmond Fed Miss Submitted by Tyler Durden on 03/26/2013 - Houston we may have a problem: with the DJIA trumpetedely hitting new all time highs day after day in March, one would expect that its traditional second derivative - US Consumer Confidence, would be at all time highs as well, or close thereby. One would be wrong, because according to the Conference Board, March consumer confidence plunged to 59.7 from 69.6, and well below expectations of a 67.5 print. Both components of the index dipped, with both the present situation and expectations indices sliding from 61.4 and 72.4, to 57.9 and 60.9, respectively. And just to make sure the S&P ramps to all time highs on ongoing miserable economic, corporate profit and, of course, sovereign insolvency news, we got both New Home Sales, dropping from 431K to 411K, missing expectations of 420K, and the Richmond Fed also missing expectations of a 6 print, dropping from last month's 6 to 3. All in all, if this latest round of ugly and rapidly getting worse economic data doesn't send the S&P to new all time highs, nothing will. Well, perhaps another European country going broke may do the trick...

Frontrunning: March 26

Submitted by Tyler Durden on 03/26/2013

Berezovsky Died of Hanging Without Struggle, Police Say (BBG)

BRICS Nations Plan New Bank to Bypass World Bank, IMF (BBG)

China pledges more investments to Africa (FT)

BOJ's Kuroda signals targeting longer-dated JGBs (Reuters)

North Korea orders artillery to be combat ready, targeting U.S. bases (Reuters)

Supreme Court to take up gay marriage for the first time (Reuters)

U.S. Cracks Down on 'Forced' Insurance (WSJ)

Japanese courts press Abe on electoral reform (FT)

Vietnam accuses China of attack on fishermen in South China Sea (Reuters)

Italy's High Court Overturns Knox Acquittal (WSJ)

Facebook’s Zuckerberg Said to Explore Forming Political Group (BBG)

A DRaGHi IN THe HeaDLiGHTS... Posted by : williambanzai7 Post date: 03/23/2013 - WARNING: BANZAI7 SUNDAY AM FOOD AND BEVERAGE WARNING IN EFFECT... http://albertpeia.com/dragoonsintheheadlights.htm

Words Of Warning: Get Your Money Out Of European Banks

http://albertpeia.com/warninggetmoneyoutofbanks.htm

60 Completely Outrageous Ways The U.S. Government Is Wasting Money

http://albertpeia.com/60outrageouswaysgovwastesmoney.htm

Krugman's "Smoot-Hawley Moment" Posted by : Bruce Krasting Post date: 03/25/2013 - This is what the world's "smartest" economist is calling for. http://albertpeia.com/krastingalloverkrugman.htm

BLaCKSWaN DiJSSeLBooM! Posted by: williambanzai7 Post date: 03/25/2013 - Who said the circus left town? http://albertpeia.com/blackswan.htm

FiNaNCe IS THe CoNTiNUaTION OF WaR... Posted by : williambanzai7Post date: 03/22/2013 - By other means. http://albertpeia.com/financewar.htm

{ I no longer will be following Phoenix Capital Resources … too much advertising … too much propaganda … too little meaningfully relevant substance (america et al’s problems are huge). After all, with all china’s faults, not the least of which is communism (I’m definitely not their advocate), one must realistically ask, ‘what nation(s), based on lies and for the sake of military industrial complex profits (as warned against by the great but underrated President General Eisenhower) has been engaged in Orwellian perpetual war despite defacto bankruptcy and pervasive corruption’? Not China… Eureka! Amerika et als! Inflation Calls BS on the China “Miracle” http://albertpeia.com/inflationinchina.htm { For the first time I’m constrained to label a piece by Mr. Summers wishful thinking and a u.s. government propaganda piece at best. While aptly pointing out chinese corruption and fraud as is particularly pervasive in america, he conveniently ignores the success of their primitive, basic, simplistic capitalist business model of low costs (primarily labor, materials, etc.) fueled particularly ab initio by american greed. Go to any store and pick up nearly any product and the likelihood of ‘made in china’ is upwards of 95% (then as well, as with apple, taking into account components). Clearly, Mr. Summers lacks depth of understanding/knowledge concerning costs of tooling, retooling, and manufacturing generally, as well as cost accounting among other business/finance disciplines. As regards their nominal communist system, I remain staunchly opposed to the invariable lie of communism, although the meaningfully lawless (‘too big to fail or jail’) and corrupt, oligarchical crony faux capitalist welfare dependent failing (and ever more socialist) system in america is hardly a laudable alternative. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm . The point is, america’s substantial problems are not the result of Chinese corruption; but rather, plain old american pervasive corruption and criminality. }

Marketwatch No stock in Social Security Henry Hebeler There are too many risks to start sinking any part of the Social Security fund into equities. { The desperate wall street/government frauds are at it again, sensing the debacle around the corner. And, just as we’d thought we’d heard the last of this preposterously fraudulent idea from war criminal and (fellow, with wobama) failed president dumbya bush. }

Marketwatch Don't jump into stocks Howard Gold Commentary: Now is not the time to get into equities

Mass Panic In Cyprus: The Banks Are Collapsing And ATMs Are Running Out Of Money

http://albertpeia.com/masscollapseincypress.htm

HoT CuTs FoR HoT MoNeY... Posted by: williambanzai7 Post date: 03/21/2013 - Official Haircuts for Depositors. http://albertpeia.com/hotcutshotmoney.htm

Why Is The World Economy Doomed? The Global Financial Pyramid Scheme By The Numbers

http://albertpeia.com/worldeconomydoomed.htm

{ And, truth be told, with just decades left at best, not just the economy! }

Guest Post: How I Became A Trillionaire (And Some Thoughts On Inflation) Submitted by Tyler Durden on 03/20/2013 - These photos illustrate the fundamentally arbitrary nature of fiat (paper) money. Why do we prefer the $100 greenback over the $100 trillion note issued by the Reserve Bank of Zimbabwe? The purchasing power of the Benjamin far exceeds the purchasing power of the $100 trillion bill. But the Benjamin is not immune to inflation; the dollar has lost about 95% of its 1900 purchasing power.  If 95% of households are experiencing a loss of purchasing power and most of the new money and credit are flowing to the top 5%, you get asset bubbles, not demand-driven inflation. When 95% of the households are poorer in terms of purchasing power and financial wealth, where can demand-driven inflation arise in a global economy of massive manufacturing and labor over-capacity? The rise in costs within industries controlled by cartels (healthcare, higher education, defense, etc.) may look like demand-driven inflation, but are actually transfers of wealth and purchasing power from households to the government-protected cartels.

La CaGe AuX FooLS... Posted by : williambanzai7 - Meet the Troika Follies! http://albertpeia.com/lacageauxfools.htm

Chief Actuary for SS - Raid the Retirement Fund! Posted by: Bruce Krasting http://albertpeia.com/governmentraidofssretirementfund.htm

Why You Should Be Terrified Of What Just Happened in Cyprus The simple fact remains that politicians proposed stealing savings deposits from the people in order to fund a bank bailout. You can dress this idea up however you like, calling it a... http://albertpeia.com/terrorofterroristthieves.htm

http://albertpeia.com/bankingmeltdown.htm

http://albertpeia.com/bankingsystemcollapse.htm

INVeRTeD EuRo MaRXiSM... Posted by : williambanzai7 Post date: 03/19/2013 - A fiat accompli! http://albertpeia.com/invertedeuromarxism.htm

BiG PiCTuRe: THe CYPRuS EFFeCT... Posted by : williambanzai7 Post date: 03/18/2013 - So, adding it all up so far, who has gotten the immediate benefit of this Cyprus fiasco? http://albertpeia.com/bigpiccypruseffect.htm

http://albertpeia.com/socialistamericanpropaganda.htm

Marketwatch Jeff Reeves 10 signs of a tumble http://albertpeia.com/stockstotumble.htm Commentary: These negative headlines and data point to the end for stock rally. Buckle up for a bumpy stock-market ride

http://albertpeia.com/biggestlieevertoldandsold.htm

In Re INa DReW... Posted by: williambanzai7 Post date: 03/15/2013 -It's all Bull S*** folks and its bad for ya!--George Carlin http://albertpeia.com/jailjamiecorzine.htm

An Orwellian America Submitted by Tyler Durden on 03/15/2013 - The state, crippled by massive deficits, endless war and corporate malfeasance, is clearly sliding toward unavoidable bankruptcy. It is time for Big Brother to take over from Huxley’s feelies, the orgy-porgy and the centrifugal bumble-puppy. We are transitioning from a society where we are skillfully manipulated by lies and illusions to one where we are overtly controlled. We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance... We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance.

17 Signs That A Full-Blown Economic Depression Is Raging In Southern Europe … U.S. Next?

http://albertpeia.com/euusdepression.htm

The Federal Reserve System Is A Massive Wealth Redistribution Scheme

http://albertpeia.com/fedreservemassivewealthredistributionscheme.htm

ALL HaiL THe QUaNTiTaTiVe EaSeRs...AND BeWaRe THe IDeS oF FARCE... Posted by : williambanzai7 Post date: 03/14/2013 - A MESSAGE FROM THE BANZAI7 EMERGENCY FARCECAST SYSTEM... http://albertpeia.com/bewaretheidesoffarce.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

3-25-13

A DRaGHi IN THe HeaDLiGHTS... Posted by : williambanzai7 Post date: 03/23/2013 - WARNING: BANZAI7 SUNDAY AM FOOD AND BEVERAGE WARNING IN EFFECT... http://albertpeia.com/dragoonsintheheadlights.htm

Words Of Warning: Get Your Money Out Of European Banks

http://theeconomiccollapseblog.com

http://albertpeia.com/warninggetmoneyoutofbanks.htm

60 Completely Outrageous Ways The U.S. Government Is Wasting Money

http://endoftheamericandream.com

http://albertpeia.com/60outrageouswaysgovwastesmoney.htm

Krugman's "Smoot-Hawley Moment" Posted by : Bruce Krasting Post date: 03/25/2013 - This is what the world's "smartest" economist is calling for. http://albertpeia.com/krastingalloverkrugman.htm

BLaCKSWaN DiJSSeLBooM! Posted by: williambanzai7 Post date: 03/25/2013 - Who said the circus left town? http://albertpeia.com/blackswan.htm

Cyprus: The Unique Template in Nine Theses Posted by: Marc To Market Post date: 03/25/2013 - Overview of implications and consequences of Cyprus 2.0.

5 things you can't resell Marketwatch: Despite Supreme Court ruling upholding resales, some items cause trouble. ‘A U.S. Supreme Court ruling earlier this week was a big win for consumers who value the right to resell products they have purchased — even if they bought them abroad. In the case in question, publisher John Wiley & Sons accused a former college student of infringing on its copyright when he bought less-expensive Asian versions of the publisher’s textbooks and then resold them to U.S. students on eBay. (The books, it said, were meant to be sold only in certain regions.) The court held that the so-called “first sale” doctrine — which allows that once a company sells a copyrighted product, the purchaser has the right to later resell it — applies even if the product was produced outside the U.S. But it’s not a universal right. There are some notable exceptions of items that, once bought, aren’t so easy to unload.’ — Kelli B. Grant

Have The Russians Already Quietly Withdrawn All Their Cash From Cyprus?Submitted by Tyler Durden on 03/25/2013 -Yesterday, we first reported on something very disturbing (at least to Cyprus' citizens): despite the closed banks (which will mostly reopen tomorrow, while the two biggest soon to be liquidated banks Laiki and BoC will be shuttered until Thursday) and the capital controls, the local financial system has been leaking cash. Lots and lots of cash. Alas, we did not have much granularity or details on who or where these illegal transfers were conducted with. Today, courtesy of a follow up by Reuters, we do.  As it turns out, the Russian oligrachs this whole operation was geared to punish, may have used the one week hiatus period of total chaos in the banking system to transfer the bulk of the cash they had deposited with one of the two main Cypriot banks, in the process making the whole punitive point of collapsing the Cyprus financial system entirely moot.

In Japan It's "Whatever(er) It Takes" Submitted by Tyler Durden on 03/25/2013 -After the strongest 4-day surge in 11 months, it would appear that the BoJ is on full-court-press tonight to jawbone the world back to the new normal. The sad truth is though, they can't even make up their own punchlines anymore:*KURODA: BOJ WILL DO WHATEVER IT TAKES TO END DEFLATION. Well, why not, it worked for Draghi for a few months? Of course JPY is leaking back lower a little as they talk up their devaluation strategy (and all their various shiny new options - that have never been tried before) - even as: *KURODA: UNCERTAINTIES ARE HIGH FOR JAPAN'S ECONOMY. Between Dijsselbloem's slip of truth (and rapid retraction) and now this 'copycat-ism' by a desparate BoJ, that simply put, we are being taken for fools.

Mayor Bloomberg On Drones: "Oh It's Big Brother, Get Used To It"Submitted by Tyler Durden on 03/25/2013 -While hosting his weekly radio show this past Friday, Your Royal Highness Mayor Michael Bloomberg explained to the serfs of NYC that privacy is dead and that you just "can't keep the tide" of the surveillance state from coming in.  His quotes perfectly demonstrate the attitude he takes toward his subjects and are quite revealing.  For instance: "Everybody wants their privacy, but I don’t know how you’re going to maintain it.  It’s just we’re going into a different world, uncharted, and, like it or not, what people can do, what governments can do, is different." This whole thing comes across as a gigantic Jedi mind trick to me.  ”It’s inevitable you will lose your freedoms.  Resistance is futile.  Just accept it.”  Sadly, unlike the proud citizens of Seattle, New Yorkers are still too traumatized from 9/11 to get off their knees.

The "Wealth Tax" Contagion Is Rapidly Spreading: Switzerland, Cyprus And Now ....Submitted by Tyler Durden on 03/25/2013 -It was only yesterday that we wrote about comparable problems to those which Russian depositors may (or may not be?) suffering in Cyprus right, this time impacting wealthy Americans and their Swiss bank accounts, where as a result of unprecedented DOJ pressure the local banks will soon breach all client confidentiality and expose all US citizens who still have cash in the former tax haven under the assumption that they are all tax evaders and violators. And in the continuum of creeping wealth taxes which first started in Switzerland, then Cyprus, and soon who knows where else, there was just one question: "The question then is: how many of the oligarchs, Russian or otherwise, who avoided a complete wipe out and total capital controls in Cyprus, will wait to find out if the same fate will befall them in Switzerland? Or Luxembourg? Or Lichtenstein? Or Singapore?" Today we got the answer, and yes it was one of the abovementioned usual suspects. The winner is.... Lichtenstein.

Visualizing The 'All-In' Hope That QE3 Will Save The US EconomySubmitted by Tyler Durden on 03/25/2013 -Presented with little comment but to note the somewhat exponential exuberance in US cyclical stocks (relative to defensives) that has gradually accelerated since the Fed launched QE3. If ever there was a chart of 'hope' or 'faith', this is it.

Guest Post: Say Goodbye To The Purchasing Power Of The Dollar Submitted by Tyler Durden on 03/25/2013 -Through the centuries – in historic cultures like that of Yap Island who used giant, immovable stone disks for commerce, to today's United States, whose Dollar fiat currency exists primarily in digital form – "money" is able to be exchanged for goods and services because society agrees to accept it (at a certain rate of exchange). But what happens when a society starts doubting the value of its money?  Perhaps the Fed has just the right talent and tools we need to finesse our way out of the challenges we face. Unlikely. The reality is, the Federal Reserve is like any other organization. Human. And fallible. For those who want to argue that the Fed, with its cadre of hyper-degreed academics and its insider access, has superior information and thus the ability to predict the future with unparalleled accuracy; we humbly ask you to watch the following...

Citi Destroys The 'Cash-Hoarding-Corporations-Should-Return-It-To-Shareholders' Meme Submitted by Tyler Durden on 03/25/2013 -When it comes to popular finance myths, cash hoarding by corporates may be one of the most perpetuated. It's not that the data is wrong; US companies are holding more cash on their balance sheets than at any time in the past, as a report by Moody's this week notes. What's misguided is the narrative, in Citi's view, in particular among equity investors. What they most take issue with is the implication that corporates have lots of cash to return to shareholders. Indeed, there's plenty of data to the contrary that challenges the prevailing notion that corporates are the picture of good health.

"Two Lips From Amsterdam" Sends Stocks Sliding Submitted by Tyler Durden on 03/25/2013 -It was so easy. Of course they'd save Cyprus somehow and we could all go back to business as usual - and sure enough that's how we opened, stocks at highs, VIX banging lows, bond yields grabbed higher, but behind the scenes a few things were not playing along (US and EU bank equity and credit for one). 1 point from S&P 500 highs. Then #DieselBoom uttered that word - 'template' - and all was let loose as the realization that risk existed suddenly flooded back into investors' minds. S&P 500 futures dropped over 20 points high to low (with downward volume very heavy), when Jeroen tried to jawbone his statement back we dribbled back up to VWAP but couldn't break it and from there (despite spurious JPY-based headlines once again), risk-on assets drifted to the lows. As carry trades were lifted (and everyone shied away from EUR) so JPY jerked 1.4% higher (and fell back a little into the close) but against every thing else the USD was bid. Treasuries banged back to the low yields of last week and despite USD strength, Oil ended above $94.50 as Copper fell 0.5% and Gold and Silver bounced from an earlier spike lower. VIX opened under 12.5%, soared back over 14.5%, and closed +0.25vols at 13.8%. Meanwhile, the big banks in the US are -7% from Cyprus and still expensive to credit.

From Blessing To (Soon To Be Confiscated) Curse: When Cyprus' Massive Deposits Were A Great Thing Submitted by Tyler Durden on 03/25/2013 In the aftermath of this weekend's earth-shattering developments out of Cyprus, in which countless people lost billions in savings, having forgotten their money is nothing more (or less) than a general unsecured liability of an insolvent banking sector which in the absence of the Bernanke and Draghi moral hazard-put are simply easy confiscation targets, it is difficult to conceive that having a massive surplus of deposits was actually a good thing. Ironically, this was precisely the case as recently as 10 months ago, as this May 2012 presentation from the Bank of Cyprus titled "International Banking Services: Strategic Business Crossroad - A Reliable Financial Center" (don't laugh) makes all too clear.

A Deposit In A Bank Is Not A Riskless Form Of Saving Submitted by Tyler Durden on 03/25/2013 -Like Lehman Brothers before it, Cyprus may well come to be seen not so much as the cause of further crisis but as yet another symptom of the ‘long emergency’ that continues to suffocate the western economies. We would describe this emergency as, fundamentally, an inevitable crisis triggered by an unsustainable explosion of credit; western banks and western governments are now like Macbeth’s “…two spent swimmers, that do cling together / And choke their art.” The prime minister of Luxembourg, Jean-Claude Juncker, has provided two clear insights into this world of deceit: “We all know what to do, we just don’t know how to get re-elected after we have done it.” And, “When it becomes serious, you have to lie.” This is what we now have by way of government: a self-serving elite who cannot be trusted, operating to a timetable defined by, and limited to, the electoral cycle.

Three 'Currency' ChartsSubmitted by Tyler Durden on 03/25/2013 -With stocks holding near all-time highs, exhibiting similar fear-and-greed driven ebbs and flows (more flow than ebb for now), we thought these three charts would provide some interesting analogs. As Citi's Tom Fitzpatrick notes, the current charts for Gold, The USD Index, and USDJPY have some intriguing similarities to (respectively) 2006/7, 1996/7, and 2000/1. If history rhymes, it appears it is time to buy Gold, buy the USD, and prepare for a hiatus in JPY's collapse. With the USD, it is perhaps worth noting that both the (similar) 1981 and 1997 periods followed housing/credit/banking crises. In both instances the Fed eased rates and kept them too low for too long….in the 70’s period leading to a stagflationary environment.

Guest Post: Why The Government Is Desperately Trying To Inflate A New Housing BubbleSubmitted by Tyler Durden on 03/25/2013 -Many people claim the Federal government and Federal Reserve are trying to inflate a new housing bubble to trigger a new "wealth effect," i.e. people seeing their home equity rising once again will feel encouraged to borrow and blow money like they did in 2001-2008. But if we look at current income (down) and debt levels (still high), there is little hope for a renewed wealth effect from housing. That leaves us with this conclusion: The Federal government and Federal Reserve are trying to inflate another housing bubble to save the "too big to fail" banks from a richly deserved day of reckoning.

FiNaNCe IS THe CoNTiNUaTION OF WaR... Posted by : williambanzai7Post date: 03/22/2013 - By other means. http://albertpeia.com/financewar.htm

{ I no longer will be following Phoenix Capital Resources … too much advertising … too much propaganda … too little meaningfully relevant substance (america et al’s problems are huge). After all, with all china’s faults, not the least of which is communism (I’m definitely not their advocate), one must realistically ask, ‘what nation(s), based on lies and for the sake of military industrial complex profits (as warned against by the great but underrated President General Eisenhower) has been engaged in Orwellian perpetual war despite defacto bankruptcy and pervasive corruption’? Not China… Eureka! Amerika et als! Inflation Calls BS on the China “Miracle” http://albertpeia.com/inflationinchina.htm { For the first time I’m constrained to label a piece by Mr. Summers wishful thinking and a u.s. government propaganda piece at best. While aptly pointing out chinese corruption and fraud as is particularly pervasive in america, he conveniently ignores the success of their primitive, basic, simplistic capitalist business model of low costs (primarily labor, materials, etc.) fueled particularly ab initio by american greed. Go to any store and pick up nearly any product and the likelihood of ‘made in china’ is upwards of 95% (then as well, as with apple, taking into account components). Clearly, Mr. Summers lacks depth of understanding/knowledge concerning costs of tooling, retooling, and manufacturing generally, as well as cost accounting among other business/finance disciplines. As regards their nominal communist system, I remain staunchly opposed to the invariable lie of communism, although the meaningfully lawless (‘too big to fail or jail’) and corrupt, oligarchical crony faux capitalist welfare dependent failing (and ever more socialist) system in america is hardly a laudable alternative. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm . The point is, america’s substantial problems are not the result of Chinese corruption; but rather, plain old american pervasive corruption and criminality. }

Marketwatch No stock in Social Security Henry Hebeler There are too many risks to start sinking any part of the Social Security fund into equities. { The desperate wall street/government frauds are at it again, sensing the debacle around the corner. And, just as we’d thought we’d heard the last of this preposterously fraudulent idea from war criminal and (fellow, with wobama) failed president dumbya bush. }

Marketwatch Don't jump into stocks Howard Gold Commentary: Now is not the time to get into equities

Mass Panic In Cyprus: The Banks Are Collapsing And ATMs Are Running Out Of Money

http://albertpeia.com/masscollapseincypress.htm

HoT CuTs FoR HoT MoNeY... Posted by: williambanzai7 Post date: 03/21/2013 - Official Haircuts for Depositors. http://albertpeia.com/hotcutshotmoney.htm

Why Is The World Economy Doomed? The Global Financial Pyramid Scheme By The Numbers

http://albertpeia.com/worldeconomydoomed.htm

{ And, truth be told, with just decades left at best, not just the economy! }

Guest Post: How I Became A Trillionaire (And Some Thoughts On Inflation) Submitted by Tyler Durden on 03/20/2013 - These photos illustrate the fundamentally arbitrary nature of fiat (paper) money. Why do we prefer the $100 greenback over the $100 trillion note issued by the Reserve Bank of Zimbabwe? The purchasing power of the Benjamin far exceeds the purchasing power of the $100 trillion bill. But the Benjamin is not immune to inflation; the dollar has lost about 95% of its 1900 purchasing power.  If 95% of households are experiencing a loss of purchasing power and most of the new money and credit are flowing to the top 5%, you get asset bubbles, not demand-driven inflation. When 95% of the households are poorer in terms of purchasing power and financial wealth, where can demand-driven inflation arise in a global economy of massive manufacturing and labor over-capacity? The rise in costs within industries controlled by cartels (healthcare, higher education, defense, etc.) may look like demand-driven inflation, but are actually transfers of wealth and purchasing power from households to the government-protected cartels.

La CaGe AuX FooLS... Posted by : williambanzai7 - Meet the Troika Follies! http://albertpeia.com/lacageauxfools.htm

Chief Actuary for SS - Raid the Retirement Fund! Posted by: Bruce Krasting http://albertpeia.com/governmentraidofssretirementfund.htm

Why You Should Be Terrified Of What Just Happened in Cyprus The simple fact remains that politicians proposed stealing savings deposits from the people in order to fund a bank bailout. You can dress this idea up however you like, calling it a... http://albertpeia.com/terrorofterroristthieves.htm

http://albertpeia.com/bankingmeltdown.htm

http://albertpeia.com/bankingsystemcollapse.htm

INVeRTeD EuRo MaRXiSM... Posted by : williambanzai7 Post date: 03/19/2013 - A fiat accompli! http://albertpeia.com/invertedeuromarxism.htm

BiG PiCTuRe: THe CYPRuS EFFeCT... Posted by : williambanzai7 Post date: 03/18/2013 - So, adding it all up so far, who has gotten the immediate benefit of this Cyprus fiasco? http://albertpeia.com/bigpiccypruseffect.htm

http://albertpeia.com/socialistamericanpropaganda.htm

Marketwatch Jeff Reeves 10 signs of a tumble http://albertpeia.com/stockstotumble.htm Commentary: These negative headlines and data point to the end for stock rally. Buckle up for a bumpy stock-market ride

http://albertpeia.com/biggestlieevertoldandsold.htm

In Re INa DReW... Posted by: williambanzai7 Post date: 03/15/2013 -It's all Bull S*** folks and its bad for ya!--George Carlin http://albertpeia.com/jailjamiecorzine.htm

An Orwellian America Submitted by Tyler Durden on 03/15/2013 - The state, crippled by massive deficits, endless war and corporate malfeasance, is clearly sliding toward unavoidable bankruptcy. It is time for Big Brother to take over from Huxley’s feelies, the orgy-porgy and the centrifugal bumble-puppy. We are transitioning from a society where we are skillfully manipulated by lies and illusions to one where we are overtly controlled. We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance... We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance.

17 Signs That A Full-Blown Economic Depression Is Raging In Southern Europe … U.S. Next?

http://albertpeia.com/euusdepression.htm

The Federal Reserve System Is A Massive Wealth Redistribution Scheme

http://albertpeia.com/fedreservemassivewealthredistributionscheme.htm

ALL HaiL THe QUaNTiTaTiVe EaSeRs...AND BeWaRe THe IDeS oF FARCE... Posted by : williambanzai7 Post date: 03/14/2013 - A MESSAGE FROM THE BANZAI7 EMERGENCY FARCECAST SYSTEM... http://albertpeia.com/bewaretheidesoffarce.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

3-22-13

FiNaNCe IS THe CoNTiNUaTION OF WaR... Posted by : williambanzai7Post date: 03/22/2013 - By other means. http://albertpeia.com/financewar.htm

{ I no longer will be following Phoenix Capital Resources … too much advertising … too much propaganda … too little meaningfully relevant substance (america et al’s problems are huge). After all, with all china’s faults, not the least of which is communism (I’m definitely not their advocate), one must realistically ask, ‘what nation(s), based on lies and for the sake of military industrial complex profits (as warned against by the great but underrated President General Eisenhower) has been engaged in Orwellian perpetual war despite defacto bankruptcy and pervasive corruption’? Not China… Eureka! Amerika et als! Inflation Calls BS on the China “Miracle” http://albertpeia.com/inflationinchina.htm { For the first time I’m constrained to label a piece by Mr. Summers wishful thinking and a u.s. government propaganda piece at best. While aptly pointing out chinese corruption and fraud as is particularly pervasive in america, he conveniently ignores the success of their primitive, basic, simplistic capitalist business model of low costs (primarily labor, materials, etc.) fueled particularly ab initio by american greed. Go to any store and pick up nearly any product and the likelihood of ‘made in china’ is upwards of 95% (then as well, as with apple, taking into account components). Clearly, Mr. Summers lacks depth of understanding/knowledge concerning costs of tooling, retooling, and manufacturing generally, as well as cost accounting among other business/finance disciplines. As regards their nominal communist system, I remain staunchly opposed to the invariable lie of communism, although the meaningfully lawless (‘too big to fail or jail’) and corrupt, oligarchical crony faux capitalist welfare dependent failing (and ever more socialist) system in america is hardly a laudable alternative. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm . The point is, america’s substantial problems are not the result of Chinese corruption; but rather, plain old american pervasive corruption and criminality. }

Marketwatch No stock in Social Security Henry Hebeler There are too many risks to start sinking any part of the Social Security fund into equities. { The desperate wall street/government frauds are at it again, sensing the debacle around the corner. And, just as we’d thought we’d heard the last of this preposterously fraudulent idea from war criminal and (fellow, with wobama) failed president dumbya bush. }

Marketwatch Don't jump into stocks Howard Gold Commentary: Now is not the time to get into equities

Cyprus Officially Passes Capital Controls Into Law Submitted by Tyler Durden on 03/22/2013 -While it is unknown if the Cypriot parliament will agree to, and enact into law, the Troika-demanded deposit haircuts, after the shocking vote of mutiny against Merkel earlier this week that saw not one politician vote for the Europe suggested deposit tax levy (and even the ruling party abstained), a vote which will once more take place tomorrow, moments ago Cyprus became the first Eurozone country to officially implement governmental capital controls into legislation. At this point it had no choice: whatever happens with the deposit haircut, or with everything else, it is now inevitable that the local Cypriots will do all they can to pull as much money from domestic banking system as possible following the complete loss of faith and trust in banks, which is why the government had no choice but to intervene with its own "controls." Sadly, this marks a milestone in the development of the Eurozone - it's all downhill, and accelerating, from here.

Chris Martenson Warns "Market Risks Today Are Higher than Ever"Submitted by Tyler Durden on 03/22/2013 - For those still with capital in the paper markets, Peak Prosperity's Chris Martenson believes there are dangerous risks re-building. In particular, he sees an unacceptably high and growing risk of a cascading series of corrections in the bond markets (corporate and sovereign), which would have a much greater impact on destroying wealth worldwide than any stock market crash could. The return of reckless practices like CDOs and overuse of derivatives indicates that we are far along the timeline in repeating a 2008-like contraction -- but worse. Despite today's heady elevated prices, it's time to get to the sidelines, and use your paper - while it still has the purchasing power it does - to park your wealth in hard assets.

The Harder They Come, The Harder They'll Fall...Submitted by Tyler Durden on 03/22/2013 -Markets are remarkably schizophrenic about where risk is flowing... and where it isn’t.  For example, ConvergEx's Nick Colas notes, the CBOE VIX Index is up from 12.3 a month ago to a close of 14.0 yesterday. And other risk assets such as Emerging Markets, U.S. Small Caps, Energy names, and developed economy international stocks all show higher 'VIXs' over the same 30 day period.  But... and it’s a big 'But'... just as many sectors/asset classes in our tracking universe show declines in their 'VIXs'.  The most pronounced are domestic Consumer Discretionary, Utilities, and Tech names as well as precious metals and High Yield Corporate bonds, where Implied Vols are 6-17% lower this month and in most cases are at/near 52 week lows.  If you are looking for spots where volatility might make a comeback, these are good places to start. This market reminds us of an old joke: Question: What do you call a person who is both ignorant and apathetic? Answer: I don’t know and I don’t care.

Guest Post: Time To Plan For The Worst Rather Than Hope For The BestSubmitted by Tyler Durden on 03/22/2013 - Preparation for disaster, whether natural or man-made, should be as vital as any ideal found in the various practices of religion and spiritualism. Preparedness should be treated with reverence, discipline and duty. The drive for preparation should be seated in the very heart of humanity. As individuals and as a society, we should hold preparedness dear, for it is an expression of the desire for survival and the key to maintaining our inherent freedoms. Without self-sufficiency, we set ourselves up for endless failure and enslavement. The primary issue has always been one of “distraction.” Even those who are fully informed of the very real and immediate dangers to our economy and our Nation as a whole find it difficult not to get wrapped up in the concerns of the old America. Mind-numbing job environments, superficial family dramas, television hypnosis, Facebook narcissism, consumer addictions, improving one’s perceived social status: all of these things waste precious time in our daily lives, making us weak and sapping our resiliency. They encourage us toward apathy. Always, we are telling ourselves: “I did nothing today, but tomorrow will be different.”

Dow Crushed 0.01% For 3rd Worst Week Of The YearSubmitted by Tyler Durden on 03/22/2013 - Forgive the sarcasm in the title but it is indeed the Dow's 3rd worst weekly performance of 2013. The major US equity indices end the week near their highs - apart from the Trannies - but all fail to get back into the green as Cypriot concern is weighing everywhere but stocks. VIX ends the week notably higher (and near the highs of the week) as protection was very much bid into the weekend. The USD slipped on the day but ends the week up 0.35% (led by EUR weakness just outweighing GBP and JPY strength). Oil and Silver danced around each other all week to end it perfectly in line at -0.15%, Gold outperformed +1%, and Copper dropped 1.5%. Treasuries also ignored equity ebullience and ended the week near their low yields (down 7-9bps). While financials were not the worst sector on the week, the majors were ugly ending at their lows with Staples leading overall. Today's volume and average trade size were among the lowest of the year as everyone prepares for a long weekend in front of the screens...

Wearing A Bailout On Your Wrist, Or Why Cyprus Should Speak To The Ukraine Submitted by Tyler Durden on 03/22/2013 - As the Cypriots scramble for every penny, hoping for a Hail-Mary from Russia at the last minute, we suspect they are missing one potential provider of all that money. That nation appears to be Russian neighbor, The  Ukraine judging from the 'wealth' exhibited by some members of the Ukrainian parliament. As EnglishRussia.com notes, a $650,000 watch is no problem if you create laws in Ukraine as we humbly suggest some that wealth (the rare watch is special order (here) with only 30 being made) trickle down to the Cypriots (of course at EUR400 per day per person) - they only need 7,000 watches to plug their bailout funding hole!

Paying With A Hundred Dollar Bill? Prepare To Fill Out A FormSubmitted by Tyler Durden on 03/22/2013 - While depositors in Europe are having their money confiscated outright by their less than friendly governments and despotic, tyrannical politicians who will do everything in the name of "equality, fraternity and of course liberty" or, said otherwise, preserving their careers and the status quo while throwing their taxpayers and voters into the firepit of Keynesian and monetarist idiocy, in the US a different form of capital control may be taking shape. NBC reports from Rhode Island, where a local restaurant chain is now demanding that any clients paying with $100 bills also provide their name, phone number, and drivers' license. By doing this - supposedly in the name of avoiding counterfeiting but don't you dare mention fake bill spotting markets or UV light - it eliminates the only upside that paper money had over electronic transactions: anonymity. How soon before all other retailers and vendors decide that it is a good idea to demand their clients' personal info, for the sake of avoiding counterfeiting of course, first in all $100 bill transactions, then $50, then $20, and so on?

German Central Bank Warns Of "Incendiary" Monetary PolicySubmitted by Tyler Durden on 03/22/2013 - "The euro crisis is certainly not over yet," is how the Bundesbank's Jens Weidmann begins this intriguingly honest interview, adding that, resolution "will take some time." Perhaps his most telling statement comes early on when he explains that "believing that everything is okay now simply because the situation on the financial markets has eased is an illusion and does not help matters," as imbalances remain unresolved. From French un-competitiveness to Italy's potential about-turn on reforms, the outspoken German then goes on to address a critical point: "There are indeed some who see a solution to the crisis in the shape of higher inflation. I would regard such an approach as potentially incendiary. Once you allow inflation, it becomes very difficult to tame. In the short term, our projections show no excessive increase in prices. However, I would caution against underestimating the medium to long-term risks to stability. There must be no doubt that, when the time is right, we will tighten monetary policy."

Daily Divergence: Pick The Odd One OutSubmitted by Tyler Durden on 03/22/2013 - It's one of those days. US equity markets are levitating oin extremely thin volume against the trend in every other risk-asset market. Treasury yields are pushing lower as safety is sought, VIX is bid as protection is sought ahead of the weekend, credit markets are leaking lower (at lows of day), and JPY strength is not helping the carry traders... but then again, none of that matters... we need moar...because all that matters is a green Dow close for the week.

A Lesson In Magical European "Value Creation"Submitted by Tyler Durden on 03/22/2013 - Behold a lesson in magical "value creation":SPAIN'S BANK RESCUE FUND TO VALUE BANKIA SHARES AT EUR 0.01 - As a reminder, Bankia is the recently broke bank that was created when it subsumed a bunch of other formerly broke banks. SPAIN BANK FUND AIMS FOR NOMINAL BANKIA SHARE VALUE OF EUR 1.00 SPAIN'S BANK RESCUE FUND TO DO REVERSE STOCK SPLIT OF BANKIA STOCK SPAIN BANK RESCUE FUND SAYS BANKIA SHARES WILL BE WORTH EUR 1.00 AFTER 100-TO-1 REVERSE STOCK SPLIT To explain for those confused: you start with a broke, literally, bank. You value the "equity" at the lowest possible increment in existence. Then you apply a reverse stock split. And finally, you end up with a perfectly solvent bank whose stock trades at EUR 1.00/share.

Cable Slumps As Fitch Places UK On Rating Watch Negative Submitted by Tyler Durden on 03/22/2013 - Based on the the budget, Fitch has placed the United Kingdom's AAA taing on Watch Negative (for future downgrade): The RWN reflect the latest economic and fiscal forecasts published by the Office for Budget Responsibility (OBR) that indicate that UK government debt will peak later and at a higher level than previously expected by Fitch. GBPUSD snapped 50 pips lower but is reverting a little now - US equities shrug (just another piece of AAA collateral nearer biting the dust).

Guest Post: Fed's Economic Projections - Myth Vs RealitySubmitted by Tyler Durden on 03/22/2013 - With the Fed now fully engaged, and few if any policy tools left, the effectiveness of continued artificial stimulation is clearly waning.  Lower mortgages rates, interest rates and excess liquidity served well in priming the pumps of the real estate and financial markets when valuations were extremely depressed.  However, four years and four programs later, stock valuations are no longer low, earnings are no longer depressed and the majority of real estate related activity has likely been completed. It is for this reason that the returns from each subsequent program have diminished.  The reality is that Fed may have finally found the limits of their effectiveness as earnings growth slows, economic data weakens and real unemployment remains high.  Reminiscent of the choices of Goldilocks - it is likely the Fed's estimates for economic growth in 2013 are too hot, employment is too cold and inflation estimates may be just about right.  The real unspoken concern is the continued threat of deflation and the next recession.

Troika Hikes Cyprus Bailout Demands, Says "Conditions Worsened"Submitted by Tyler Durden on 03/22/2013 - Just when you thought you knew the rules, the Troika has changed them... (via MNI) TROIKA SAID CONDITIONS WORSENED, WANTS BILL TO REFLECT TROIKA HIKED CYPRUS CONTRIBUTION TO E6.7 BN VS E5.8 BN: SOURCE Moar Bigger Haircuts for the rich please - and following Schaeuble's veiled threat (leave - we can handle it)...*SCHAEUBLE: MARKET SEES EURO-ZONE BETTER PREPARED FOR TURBULENCE

Saxo Bank Explains How Massive Stock Market Rallies EndSubmitted by Tyler Durden on 03/22/2013 - Now that many are convinced we've moved into totally unjustifiable extremes of complacency in risky assets, we are having a look at some historic stock market breaks and how they have unfolded. In that light, the current setup is rather ominous. Saxo Bank's John Hardy likes to look at historic patterns, particularly when the past might provide a historic parallel for the present situation. In this case, we're interested in what many historic major equity chart tops look like in a technical sense now that if feels like we've entered into a blow-off territory technically. Somewhat to our surprise, we found that many major market tops had remarkably similar traits as the one we have just posted.

Mass Panic In Cyprus: The Banks Are Collapsing And ATMs Are Running Out Of Money

http://albertpeia.com/masscollapseincypress.htm

HoT CuTs FoR HoT MoNeY... Posted by: williambanzai7 Post date: 03/21/2013 - Official Haircuts for Depositors. http://albertpeia.com/hotcutshotmoney.htm

Why Is The World Economy Doomed? The Global Financial Pyramid Scheme By The Numbers

http://albertpeia.com/worldeconomydoomed.htm

{ And, truth be told, with just decades left at best, not just the economy! }

Guest Post: How I Became A Trillionaire (And Some Thoughts On Inflation) Submitted by Tyler Durden on 03/20/2013 - These photos illustrate the fundamentally arbitrary nature of fiat (paper) money. Why do we prefer the $100 greenback over the $100 trillion note issued by the Reserve Bank of Zimbabwe? The purchasing power of the Benjamin far exceeds the purchasing power of the $100 trillion bill. But the Benjamin is not immune to inflation; the dollar has lost about 95% of its 1900 purchasing power.  If 95% of households are experiencing a loss of purchasing power and most of the new money and credit are flowing to the top 5%, you get asset bubbles, not demand-driven inflation. When 95% of the households are poorer in terms of purchasing power and financial wealth, where can demand-driven inflation arise in a global economy of massive manufacturing and labor over-capacity? The rise in costs within industries controlled by cartels (healthcare, higher education, defense, etc.) may look like demand-driven inflation, but are actually transfers of wealth and purchasing power from households to the government-protected cartels.

La CaGe AuX FooLS... Posted by : williambanzai7 - Meet the Troika Follies! http://albertpeia.com/lacageauxfools.htm

Chief Actuary for SS - Raid the Retirement Fund! Posted by: Bruce Krasting http://albertpeia.com/governmentraidofssretirementfund.htm

Why You Should Be Terrified Of What Just Happened in Cyprus The simple fact remains that politicians proposed stealing savings deposits from the people in order to fund a bank bailout. You can dress this idea up however you like, calling it a... http://albertpeia.com/terrorofterroristthieves.htm

http://albertpeia.com/bankingmeltdown.htm

http://albertpeia.com/bankingsystemcollapse.htm

INVeRTeD EuRo MaRXiSM... Posted by : williambanzai7 Post date: 03/19/2013 - A fiat accompli! http://albertpeia.com/invertedeuromarxism.htm

BiG PiCTuRe: THe CYPRuS EFFeCT... Posted by : williambanzai7 Post date: 03/18/2013 - So, adding it all up so far, who has gotten the immediate benefit of this Cyprus fiasco? http://albertpeia.com/bigpiccypruseffect.htm

http://albertpeia.com/socialistamericanpropaganda.htm

Marketwatch Jeff Reeves 10 signs of a tumble http://albertpeia.com/stockstotumble.htm Commentary: These negative headlines and data point to the end for stock rally. Buckle up for a bumpy stock-market ride

http://albertpeia.com/biggestlieevertoldandsold.htm

In Re INa DReW... Posted by: williambanzai7 Post date: 03/15/2013 -It's all Bull S*** folks and its bad for ya!--George Carlin http://albertpeia.com/jailjamiecorzine.htm

An Orwellian America Submitted by Tyler Durden on 03/15/2013 - The state, crippled by massive deficits, endless war and corporate malfeasance, is clearly sliding toward unavoidable bankruptcy. It is time for Big Brother to take over from Huxley’s feelies, the orgy-porgy and the centrifugal bumble-puppy. We are transitioning from a society where we are skillfully manipulated by lies and illusions to one where we are overtly controlled. We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance... We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance.

17 Signs That A Full-Blown Economic Depression Is Raging In Southern Europe … U.S. Next?

http://albertpeia.com/euusdepression.htm

The Federal Reserve System Is A Massive Wealth Redistribution Scheme

http://albertpeia.com/fedreservemassivewealthredistributionscheme.htm

ALL HaiL THe QUaNTiTaTiVe EaSeRs...AND BeWaRe THe IDeS oF FARCE... Posted by : williambanzai7 Post date: 03/14/2013 - A MESSAGE FROM THE BANZAI7 EMERGENCY FARCECAST SYSTEM... http://albertpeia.com/bewaretheidesoffarce.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

3-21-13

Mass Panic In Cyprus: The Banks Are Collapsing And ATMs Are Running Out Of Money

http://theeconomiccollapseblog.com

http://albertpeia.com/masscollapseincypress.htm

HoT CuTs FoR HoT MoNeY... Posted by: williambanzai7 Post date: 03/21/2013 - Official Haircuts for Depositors. http://albertpeia.com/hotcutshotmoney.htm

Inflation Calls BS on the China “Miracle”

March 21, 2013 http://gainspainscapital.com

http://albertpeia.com/inflationinchina.htm

{ For the first time I’m constrained to label a piece by Mr. Summers wishful thinking and a u.s. government propaganda piece at best. While aptly pointing out chinese corruption and fraud as is particularly pervasive in america, he conveniently ignores the success of their primitive, basic, simplistic capitalist business model of low costs (primarily labor, materials, etc.) fueled particularly ab initio by american greed. Go to any store and pick up nearly any product and the likelihood of ‘made in china’ is upwards of 95% (then as well, as with apple, taking into account components). Clearly, Mr. Summers lacks depth concerning costs of tooling, retooling, and manufacturing generally. As regards their nominal communist system, I remain staunchly opposed to the invariable lie of communism, although the meaningfully lawless (‘too big to fail or jail’) and corrupt, oligarchical crony faux capitalist welfare dependent failing system in america is hardly a laudable alternative. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

Initial Claims Continue Grind Lower, Prior Revised Higher Submitted by Tyler Durden on 03/21/2013 - With record numbers of people out of the labor force, and hundreds of thousands falling off each month, it is no surprise that the grind lower in initial claims continues - after all there is only so long one can request insurance benefits, now that extended claims are limited. In the week ended March 16, initial claims rose from an upward revised 334K (was 332K and merely the latest in an infinite series of prior upward revisions) to 336K, just below the expected 340K, even as NSA claims declined more to 299K. It would not be surprising that with the current of labor force exodus we get a 100K-handle unadjusted print soon as the pool of eligible workers who collect benefits shrinks to record levels. A tad defensive BLS was quick to note that unlike prior weeks, no states number were estimated. Continuing claims rose also, from an upward revised 3048K to 3053K, above the expected 3050K. Overall a snoozer of a report. The biggest surprise, however, was in the emergency extended benefits, which has continued it abnormally erratic weekly pattern, with this time 136K people falling off, following last week's weekly surge. A tiny 1.8 million Americans are now on extended claims, nearly 1.1 million below the 2.9 million last year. Curious who the people applying for SS disability are? Now you know.

Is This The New "Scariest" European Chart? Submitted by Tyler Durden on 03/21/2013 - Until this past weekend, the scariest, and thus most important, chart relating to Europe, was that of European youth unemployment. And while its updates month after month showed a situation hopeless and constantly getting worse, the final outcome is quite clear: it is not a pleasant one especially for Europe's youth. However, now that the topic of bank confidence, particularly in the context of unwarranted and unprecedented deposit confiscation is suddenly front and center across the entire Eurozone, here is the new "scariest" European chart: that of deposits around the European periphery. We know one thing: if and when the Cypriot banking system reopens, the dark gray line for Cyprus is going straight down. The real question is: which other lines will follow Cyprus in its dramatic reintroduction to monetary gravity?

ECB Gives Cyprus March 25 Liquidity UltimatumSubmitted by Tyler Durden on 03/21/2013 As reported yesterday, Cyprus banks are now expected to reopen next Tuesday. We would boldly go ahead and take the under following overnight news that the ECB has once more escalated its political interventions (remember the lies about "apolitical, independent" Central Banks - good times...), and following a Reuters report yesterday that the ECB is prepared to let Cyprus go, the FT now has doubled down on the propaganda, reporting (in an article with no less than five authors) that the ECB has issued an ultimatum to Cyprus to agree to a bailout by Monday (which is a holiday), or the free liquidity ends. "The European Central Bank raised the stakes in the Cyprus crisis on Thursday, telling Nicosia it had until Monday to agree a bailout with the EU and International Monetary Fund or it would cut off emergency liquidity provision to the country’s banks. The hardline stance from the ECB sets a clear deadline for Cyprus to agree to a plan after its parliament rejected a bailout negotiated at the weekend that would have taxed the deposits of account holders in the country’s banks." Which means yet another weekend of ad hoc choices and spontaneous decisions awaits, only this time with a key non-Euro actor involved in the face of Russia, whose interest just in case there is any confusion, is to see Cyprus crushed, so it can swoop in later and "acquire" the assets on the cheap, or preferably free, while the local population welcome the second coming of the glorious Red Army with open arms, delighted to be free of European slavery. Well played Putin.

RANsquawk EU Market Re-Cap - 21st March 2013 Submitted by RANSquawk Video on 03/21/2013

Frontrunning: March 21

Submitted by Tyler Durden on 03/21/2013

Euro zone call notes reveal extent of alarm over Cyprus (Reuters)

Stagnant Japan Rolls Dice on New Era of Easy Money (WSJ)

Cyprus, European data batters shares and euro (Reuters)

UK cuts taxes to revive stagnant economy (FT)

"Quality Control" Rat Body Linked to Blackout at Fukushima (NYT)

North Korea issues fresh threat to U.S., South probes hacking (Reuters)

South Korea Says Chinese Code Used in Computer Attack (BBG)

Osborne paves way for Carney to retool Bank of England (Reuters)

Carney Gets ‘Escape Velocity’ Mandate With Limiter (BBG)

Osborne Pledges Five More Years of U.K. Austerity (BBG)

Bernanke Saying He’s Dispensable Suggests Tenure Ending (BBG)

Senate Passes Bill to Fund Operations (WSJ)

US Begins Regulating BitCoin, Will Apply "Money Laundering" Rules To Virtual Transactions Submitted by Tyler Durden on 03/21/2013 - Last November, in an act of sheer monetary desperation, the ECB issued an exhaustive, and quite ridiculous, pamphlet titled "Virtual Currency Schemes" in which it mocked and warned about the "ponziness" of such electronic currencies as BitCoin. Why a central bank would stoop so "low" to even acknowledge what no "self-respecting" (sic) PhD-clad economist would even discuss, drunk and slurring, at cocktail parties, remains a mystery to this day. However, that it did so over fears the official artificial currency of the insolvent continent, the EUR, may be becoming even more "ponzi" than the BitCoins the ECB was warning about, was clear to everyone involved who saw right through the cheap propaganda attempt. Feel free to ask any Cypriot if they would now rather have their money in locked up Euros, or in "ponzi" yet freely transferable, unregulated BitCoins.  And while precious metals have been subject to price manipulation by the legacy establishment, even if ultimately the actual physical currency equivalent asset, its "value" naively expressed in some paper currency, may be in the possession of the beholder, to date no price suppression or regulation schemes of virtual currencies existed. At least until now: it appears that the ever-benevolent, and always knowing what is "in your best interest" Big Brother has decided to finally take a long, hard look at what is going on in the world of BitCoin... and promptly crush it.

Guest Post: The “Fracking” Revolution Comes to ChinaSubmitted by Tyler Durden on 03/21/2013 - With some predicting China will import 79% of its oil by 2030, could domestic shale gas extraction help China meet its energy needs? As shale gas fever sweeps through Beijing, analysts are looking at the costs and benefits of extracting what is increasingly a controversial source of energy. But for China, with its growing middle class, the immediate and long-term demand for energy has the potential to spark a revolution in shale gas before sufficient and safe technological know-how and regulations are developed.

Global Slowdown Accelerates Driven By Confidence / New Orders PlungeSubmitted by Tyler Durden on 03/21/2013 - Goldman's 'Swirlogram' places the global industrial cycle squarely in the 'Slowdown' phase as growth momentum fades rapidly. Driven by plunges in aggregate confidence levels and New Orders (less inventories) - as well as CAD and AUD data - this reinforces last month's preliminary view of a slowdown beginning. Goldman notes we could potentially see weaker global activity over the coming months. Is it any wonder we are seeing bellweather names missing in a big (un-unique) way.

The Fed Has Already Imposed A "Cyprus Tax" On U.S. Savers Submitted by Tyler Durden on 03/21/2013 - So far, Cyprus has not been able to pass a direct tax against depositors and has gone to Russia for a helping hand (and failed).  However, the question of whether such an event could happen in the U.S. is a much more interesting point of discussion. While to most onlookers the idea of a direct deposit tax instituted by domestic US banks remains far off - the issue of the Fed's monetary policies, particularly since the last recession, has had a significant impact on "savers." While the individuals in Cyprus have been faced with an outright extraction of capital from their accounts - U.S. savers have had their savings negatively impacted much more surreptitiously. The continued drive by the Fed's monetary policies to artificially suppress interest rates to create a negative interest rate environment for savers is a defacto "tax" on savings. The destruction of principal since the turn of the century, which is far more disastrous than it appears when adjusted for inflation, has ended the dream of retirement for many individuals. So, can the U.S. potentially have a direct tax on savings?  It's already happened.

HFT Reality: 70% Of Price Moves Are Disconnected From Fundamental RealitySubmitted by Tyler Durden on 03/21/2013 - While it will be no surprise to any ZeroHedge reader, academic research from ETH Zurich shows that not only are "commodity markets becoming very financialized and computerized... and more susceptible to minor shocks," but "at least 60-70% of price changes are now due to self-generated activities rather than novel information." In other words, only about a third of commodity price moves are caused by real fundamental news now (as opposed to 75% pre-HFT).

Guest Post: Whose Insured Deposits Will Be Plundered Next?Submitted by Tyler Durden on 03/21/2013 - While Cyprus grabs the headlines, there are stirrings in Spain, New Zealand, and the UK with regard to how depositor funds (and their apparent insurance) is considered in the new normal banking system. As John Aziz notes, essentially, if there is to be any confidence in the banking system, the possibility of depleting liquidity insurance funds to bail out banks needs to be taken off the table completely. The possibility of insured depositor haircuts needs to be taken off the table completely. If banks need bailing out, the money must not come from insured depositors, or funds designed to compensate insured depositors. If banks fail, the losers should be the uninsured creditors.

Where Does The "Wealth Effect" Go?Submitted by Tyler Durden on 03/21/2013 - The Bernank confirmed, in almost perfect hypocrisy to his previous implied comments, that the Fed is not targeting some asset price appreciation but no matter which way you look at it - the 'wealth' effect is an easy concept to comprehend as levered unrealized gains are seen as disposable income. However, as we have pointed out many times, the 'wealth' effect only helps an already wealthy few and as BofAML notes today, spending across income groups is extremely disparate reflecting the 'spending gap' in our aggregately stimulated economy. It is quite intuitive that those with more income will be able to spend more. The top 20% of the income distribution make up nearly 40% of total consumer spending. The spending gap is the most extreme for apparel and services and the least for healthcare and food. Lower income households, unsurprisingly, allocate a larger share of their budget toward necessary items. When will the trickle begin...

The Global Financial Pyramid Scheme By The Numbers Submitted by Tyler Durden on 03/21/2013 - Why is the global economy in so much trouble?  How can so many people be so absolutely certain that the world financial system is going to crash?  Well, the truth is that when you take a look at the cold, hard numbers it is not difficult to see why the global financial pyramid scheme is destined to fail.  In the United States today, there is approximately 56 trillion dollars of total debt in our financial system, but there is only about 9 trillion dollars in our bank accounts.  So you could take every single penny out of the banks, multiply it by six, and you still would not have enough money to pay off all of our debts. Overall, there is about 190 trillion dollars of total debt on the planet.  But global GDP is only about 70 trillion dollars.  And the total notional value of all derivatives around the globe is somewhere between 600 trillion and 1500 trillion dollars.  So we have a gigantic problem on our hands.  The global financial system is a very shaky house of cards that has been constructed on a foundation of debt, leverage and incredibly risky derivatives.

Why Is The World Economy Doomed? The Global Financial Pyramid Scheme By The Numbers

http://albertpeia.com/worldeconomydoomed.htm

{ And, truth be told, with just decades left at best, not just the economy! }

Guest Post: How I Became A Trillionaire (And Some Thoughts On Inflation) Submitted by Tyler Durden on 03/20/2013 - These photos illustrate the fundamentally arbitrary nature of fiat (paper) money. Why do we prefer the $100 greenback over the $100 trillion note issued by the Reserve Bank of Zimbabwe? The purchasing power of the Benjamin far exceeds the purchasing power of the $100 trillion bill. But the Benjamin is not immune to inflation; the dollar has lost about 95% of its 1900 purchasing power.  If 95% of households are experiencing a loss of purchasing power and most of the new money and credit are flowing to the top 5%, you get asset bubbles, not demand-driven inflation. When 95% of the households are poorer in terms of purchasing power and financial wealth, where can demand-driven inflation arise in a global economy of massive manufacturing and labor over-capacity? The rise in costs within industries controlled by cartels (healthcare, higher education, defense, etc.) may look like demand-driven inflation, but are actually transfers of wealth and purchasing power from households to the government-protected cartels.

La CaGe AuX FooLS... Posted by : williambanzai7 - Meet the Troika Follies! http://albertpeia.com/lacageauxfools.htm

Chief Actuary for SS - Raid the Retirement Fund! Posted by: Bruce Krasting http://albertpeia.com/governmentraidofssretirementfund.htm

Why You Should Be Terrified Of What Just Happened in Cyprus The simple fact remains that politicians proposed stealing savings deposits from the people in order to fund a bank bailout. You can dress this idea up however you like, calling it a... http://albertpeia.com/terrorofterroristthieves.htm

http://albertpeia.com/bankingmeltdown.htm

http://albertpeia.com/bankingsystemcollapse.htm

INVeRTeD EuRo MaRXiSM... Posted by : williambanzai7 Post date: 03/19/2013 - A fiat accompli! http://albertpeia.com/invertedeuromarxism.htm

BiG PiCTuRe: THe CYPRuS EFFeCT... Posted by : williambanzai7 Post date: 03/18/2013 - So, adding it all up so far, who has gotten the immediate benefit of this Cyprus fiasco? http://albertpeia.com/bigpiccypruseffect.htm

http://albertpeia.com/socialistamericanpropaganda.htm

Marketwatch Jeff Reeves 10 signs of a tumble http://albertpeia.com/stockstotumble.htm Commentary: These negative headlines and data point to the end for stock rally. Buckle up for a bumpy stock-market ride

http://albertpeia.com/biggestlieevertoldandsold.htm

In Re INa DReW... Posted by: williambanzai7 Post date: 03/15/2013 -It's all Bull S*** folks and its bad for ya!--George Carlin http://albertpeia.com/jailjamiecorzine.htm

An Orwellian America Submitted by Tyler Durden on 03/15/2013 - The state, crippled by massive deficits, endless war and corporate malfeasance, is clearly sliding toward unavoidable bankruptcy. It is time for Big Brother to take over from Huxley’s feelies, the orgy-porgy and the centrifugal bumble-puppy. We are transitioning from a society where we are skillfully manipulated by lies and illusions to one where we are overtly controlled. We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance... We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance.

17 Signs That A Full-Blown Economic Depression Is Raging In Southern Europe … U.S. Next?

http://albertpeia.com/euusdepression.htm

The Federal Reserve System Is A Massive Wealth Redistribution Scheme

http://albertpeia.com/fedreservemassivewealthredistributionscheme.htm

ALL HaiL THe QUaNTiTaTiVe EaSeRs...AND BeWaRe THe IDeS oF FARCE... Posted by : williambanzai7 Post date: 03/14/2013 - A MESSAGE FROM THE BANZAI7 EMERGENCY FARCECAST SYSTEM... http://albertpeia.com/bewaretheidesoffarce.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

3-20-13

Why Is The World Economy Doomed? The Global Financial Pyramid Scheme By The Numbers

http://theeconomiccollapseblog.com

http://albertpeia.com/worldeconomydoomed.htm

{ And, truth be told, with just decades left at best, not just the economy! }

Guest Post: How I Became A Trillionaire (And Some Thoughts On Inflation) Submitted by Tyler Durden on 03/20/2013 - These photos illustrate the fundamentally arbitrary nature of fiat (paper) money. Why do we prefer the $100 greenback over the $100 trillion note issued by the Reserve Bank of Zimbabwe? The purchasing power of the Benjamin far exceeds the purchasing power of the $100 trillion bill. But the Benjamin is not immune to inflation; the dollar has lost about 95% of its 1900 purchasing power.  If 95% of households are experiencing a loss of purchasing power and most of the new money and credit are flowing to the top 5%, you get asset bubbles, not demand-driven inflation. When 95% of the households are poorer in terms of purchasing power and financial wealth, where can demand-driven inflation arise in a global economy of massive manufacturing and labor over-capacity? The rise in costs within industries controlled by cartels (healthcare, higher education, defense, etc.) may look like demand-driven inflation, but are actually transfers of wealth and purchasing power from households to the government-protected cartels.

La CaGe AuX FooLS... Posted by : williambanzai7 Post date: 03/20/2013 - Meet the Troika Follies! http://albertpeia.com/lacageauxfools.htm

Chief Actuary for SS - Raid the Retirement Fund! Posted by: Bruce Krasting Post date: 03/20/2013 - Lightening does not strike twice in the same place very often, especially in Washington. http://albertpeia.com/governmentraidofssretirementfund.htm

Why You Should Be Terrified Of What Just Happened in Cyprus Posted by: Phoenix Capital... Post date: 03/20/2013 -   The simple fact remains that politicians proposed stealing savings deposits from the people in order to fund a bank bailout. You can dress this idea up however you like, calling it a... http://albertpeia.com/terrorofterroristthieves.htm

Saxo Bank CEO: "Is Cyprus Deposit Levy The First Sign Of Widespread Wealth Tax?" Submitted by Tyler Durden on 03/20/2013 - We have seen again that the Eurozone is unable to deal rationally with its problems. This has got to be the most incompetent handling of a Euro crisis event so far, but underlines the hopeless situation the 17 countries that share the common currency are in. The idea of a one-off wealth tax, however, is not new. Several research reports have pointed in recent years to the fact that the desperate need for funding in the public sector could - and probably will - eventually lead to confiscation of wealth in a monumental scale. Boston Consulting Group suggested in a recent report that about 29 percent of ALL private wealth, not just deposits, will eventually be likely to be confiscated to cover the debts already incurred. So we had better get used to seeing our money being appropriated by money-hungry politicians. This is just the beginning. The cat is out of the bag, no matter if this particular deal should fall apart.

Oracle Loses 2013 Gains Following Top-To-Bottom Losses, Guides Lower Submitted by Tyler Durden on 03/20/2013 - How quickly the mighty can fall. Once again, a leading market bellweather for how awesome everything is has missed. Missed Top-line; missed bottom-line; guided top-line lower; guided bottom-line lower. It seems, surprise surprise, currency headwinds are to blame for some of the damage.

*ORACLE 3Q NON-GAAP EPS 65C, EST. 66C

*ORACLE 3Q NON-GAAP REV. $8.97B, EST. $9.37B

*ORACLE SEES 4Q NON-GAAP REVENUE DOWN 1% TO UP 4%, EST. UP 5%

*ORACLE SEES 4Q NON-GAAP EPS 85C-91C, EST. 88C

And after all that, ORCL is now trading down for 2013... and don't forget, ORCL is one of the Top 10 S&P 500 stocks accounting for 90% of its earnings beats last quarter...

Pop Quiz Answer: Presenting Countries "X" And "Y" Submitted by Tyler Durden on 03/20/2013

Stocks Close Below Open (and FOMC) As Market Fades After-Hours Submitted by Tyler Durden on 03/20/2013 - It was a dream come true new normal FOMC day - green all around as the overnight pump on Russian hope provided the anchor. US equities (except Transports which were hammered by FDX) wiggled sideways around unchanged from pre-Cyprus, ignored the Fed, jumped on the BoJ non-news, ran some stops into the close, and then gave back all the open-to-close gains as JBL and ORCL missed and reality sunk in. Post-Cyprus, Morgan Stanley remains -4% (and BofA +2%) but homebuilders led the way. Volume was average; average trade size was low (and has been falling). For most of the day Treasury yields (+5bps on the day), S&P 500 futures (+6pts), and EURJPY were inseparable as algos ruled the VWAP waves. The S&P 500 ends below pre-FOMC levels but Oil was among the biggest post-FOMC gainer.

Caption Contest: "Hope... Solid Value... Timeless" Submitted by Tyler Durden on 03/20/2013 - From the cover pages of The Bank of Cyprus 2011 Annual Report...

Meanwhile In Global Logistics... Submitted by Tyler Durden on 03/20/2013 - FedEx started the day down around 4% (on the disaster that we noted earlier) and has not looked back. Now at the lows of the day, down 7% (and 8.5% from its highs yesterday) this is the biggest drop and biggest volume (with 30 minutes left in the day) in 18 months. So much for global trade volumes...

Non-News That Japan Will Ease "Boldly" Has Bigger Impact Than Bernanke Submitted by Tyler Durden on 03/20/2013 - But wait - some regurgitated news from Japan of 'moar easing' and EURJPY ramps to pull S&P futures up to pre-Cyprus levels...*BANK OF JAPAN GOV TO CALL FOR 'BOLD EASING,' NIKKEI SAYS You have to wonder when no-news from the BoJ trumps no-news from the Fed in stirring S&P to move (but success as the S&P maaged to finally close the Cyprus gap)... We can't help but wonder who decided that at 2:05am Japan time this non-news algo-pumping headline should be released?

Bernanke Press Conference - Live Webcast Submitted by Tyler Durden on 03/20/2013 - Will the Chairman mention the tools the Fed has to unwind its $3.1 trillion balance sheet, as he did during his Humphrey Hawkins testimony, which included "belts, suspenders -- two pairs of suspenders", will he discuss the many hats broke savers have, will he repeat that he does not provide financial advise, will he praise his tremendous "inflation record" once more, will he discuss the complete lack of the currency war the entire world is engaged in, or will he simply focus on what Corker called the "faux wealth effect"? Found out in moments as Bernanke hand-picked journalists toss him a veritable cornucopia of softball questions.

Post-FOMC: Market Un-Response Submitted by Tyler Durden on 03/20/2013 - The reaction to the FOMC statement is extremely significant in its almost entire lack of response. Pre: 10Y 1.94%, ES 1550, Gold $1606, WTI $92.70, EUR 1.2950
Post: 10Y 1.935%, ES 1551.5, Gold $1606.5, WTI $92.95, EUR 1.2966 Mortgage spreads widened very modestly; Volume has died; VWAP is your friend; and the Great and Powerful Oz is about to speak.

The Fed's Revised Economic Projections Submitted by Tyler Durden on 03/20/2013 - If there is one thing to be said about the just revised economic projections from the Fed (2013 GDP slightly lower on the upper range, the same as the unemployment rate which the Fed now sees dropping to as little as 6.7% in 2014), is that the economy will do everything but what the Fed has forecast, at least if history is any indication.

No Surprises From FOMC - Statement Redline Comparison Submitted by Tyler Durden on 03/20/2013 - As expected, Bernanke and his pals decided moar is betterer and keep the monetary policy foot to the floor even as they suggest things are getting better but not better enough.

*FED SEES ECONOMY RETURNING TO MODERATE GROWTH AFTER Q4 PAUSE

*FED CONTINUES TO SEE DOWNSIDE RISKS TO ECONOMIC OUTLOOK

*FED MAINTAINS $85 BILLION MONTHLY PACE OF BOND BUYING

*FED SAYS FISCAL POLICY HAS BECOME SOMEWHAT MORE RESTRICTIVE

So everything is moving forward; Politicians are still idiots but don't worry we won't stop... Though the schizophrenia remains as they cut growth for 2013 ( 2.3%-2.8% vs 2.3%-3.0%) but lowered unemployment for 2013 (7.3%-7.5% vs 7.4%-7.7%). Pre: 10Y 1.94%, ES 1550, Gold $1606, WTI $92.70, EUR 1.2950

ECB Re-Bluffs To Cyprus Bluff, Is "Prepared To Let Cyprus Go" Submitted by Tyler Durden on 03/20/2013 - When the market briefly surged yesterday, following the cryptic note from the ECB that it would "provide liquidity within existing rules" we urged to ignore the kneejerk algorithmic exuberance (although with only algos left trading that was obviously self-defeating) which interpreted this as an indication the ECB would provide unconditional liquidity now and forever, and that this was hardly a bullish sign because "the last thing the ECB wants is to appear weak, and fold letting every other broke deadbeat country to demand the same equitable treatment and diluting Germany's political might." Today, Reuters has picked up on this coming out with its own analysis that the "The European Central Bank is prepared to cut off funding to Cyprus and let the Mediterranean island succumb to financial meltdown if it has to, confident it has unlimited firepower to protect the rest of the euro zone."

http://albertpeia.com/bankingmeltdown.htm

http://albertpeia.com/bankingsystemcollapse.htm

INVeRTeD EuRo MaRXiSM... Posted by : williambanzai7 Post date: 03/19/2013 - A fiat accompli! http://albertpeia.com/invertedeuromarxism.htm

BiG PiCTuRe: THe CYPRuS EFFeCT... Posted by : williambanzai7 Post date: 03/18/2013 - So, adding it all up so far, who has gotten the immediate benefit of this Cyprus fiasco? http://albertpeia.com/bigpiccypruseffect.htm

http://albertpeia.com/socialistamericanpropaganda.htm

Marketwatch Jeff Reeves 10 signs of a tumble http://albertpeia.com/stockstotumble.htm Commentary: These negative headlines and data point to the end for stock rally. Buckle up for a bumpy stock-market ride

http://albertpeia.com/biggestlieevertoldandsold.htm

In Re INa DReW... Posted by: williambanzai7 Post date: 03/15/2013 -It's all Bull S*** folks and its bad for ya!--George Carlin http://albertpeia.com/jailjamiecorzine.htm

An Orwellian America Submitted by Tyler Durden on 03/15/2013 - The state, crippled by massive deficits, endless war and corporate malfeasance, is clearly sliding toward unavoidable bankruptcy. It is time for Big Brother to take over from Huxley’s feelies, the orgy-porgy and the centrifugal bumble-puppy. We are transitioning from a society where we are skillfully manipulated by lies and illusions to one where we are overtly controlled. We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance... We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance.

17 Signs That A Full-Blown Economic Depression Is Raging In Southern Europe … U.S. Next?

http://albertpeia.com/euusdepression.htm

The Federal Reserve System Is A Massive Wealth Redistribution Scheme

http://albertpeia.com/fedreservemassivewealthredistributionscheme.htm

ALL HaiL THe QUaNTiTaTiVe EaSeRs...AND BeWaRe THe IDeS oF FARCE... Posted by : williambanzai7 Post date: 03/14/2013 - A MESSAGE FROM THE BANZAI7 EMERGENCY FARCECAST SYSTEM... http://albertpeia.com/bewaretheidesoffarce.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

3-19-13

Will The Banking Meltdown In Cyprus Be A “Lehman Brothers Moment” For All Of Europe?

http://theeconomiccollapseblog.com

http://albertpeia.com/bankingmeltdown.htm

Could Cyprus Blow Up the Entire Banking System?

March 19, 2013 http://gainspainscapital.com

http://albertpeia.com/bankingsystemcollapse.htm

INVeRTeD EuRo MaRXiSM... Posted by : williambanzai7 Post date: 03/19/2013 - A fiat accompli! http://albertpeia.com/invertedeuromarxism.htm

BiG PiCTuRe: THe CYPRuS EFFeCT... Posted by : williambanzai7 Post date: 03/18/2013 - So, adding it all up so far, who has gotten the immediate benefit of this Cyprus fiasco? http://albertpeia.com/bigpiccypruseffect.htm

Impact Imminent? Posted by: Bruce Krasting Post date: 03/19/2013 -  There is a chance that something can be done to stop what looks like a slide into an abyss. Those chance are now well below 50-50.

Housing Bubble II: But This Time It’s Different Posted by: testosteronepit Post date: 03/19/2013 -Timing couldn’t be worse.

Texas Public School Curriculum Teaches Students To Design A Socialist Flag And That Christianity Is A Cult

http://endoftheamericandream.com

http://albertpeia.com/socialistamericanpropaganda.htm

Nigel Farage Message To Europeans: "Get Your Money Out While You Can"Submitted by Tyler Durden on 03/19/2013 - In Nigel Farage's first TV appearance since the Cypriot wealth tax was announced, the Englishman pulls no punches. In all his years and all his experience of the desperation of the European Union's leadership "never did [he] think they would resort to stealing money from people's savings accounts." The simple fact is that they know they cannot let any country leave, no matter how small, for "once one country goes, the whole deck of cards will come tumbling down." There is now "clear irreconcilable differences" between the North and the South of Europe and now that they have done this in one country, "they are quite capable of doing it in Italy, Spain and anywhere." The message that sends to people is "get your money out while you can." As far as his British constituents, he strongly recommends George Osborne (UK Chancellor) urge ex-pats to remove all their money and do monthly transfers from home. "Do Not Invest In The Euro-Zone," he concludes, "you have to be mad to do so - as it is now run by people who do not respect democracy, the rule of law, or the basic principles upon which Western civilization is based."

Cyprus, It's Not About The NumbersSubmitted by Tyler Durden on 03/19/2013 - The Eurogroup agreed on Monday night to allow Cyprus to change the make up of its controversial deposit tax and President Nicos Anastasiades is now proposing that bank customers with deposits under 20,000 euros should not be taxed at all, while keeping the levy the same for the remaining depositors. However, what’s happened over the past few days and what’s likely to happen in the days and weeks to come has little to do with numbers. It is much more about perceptions. Even if capital flight from Cyprus as a result of this decision is less severe than many fear, even if Cypriot banks survive this real stress test, even if the island’s economy is not set back many years, even if savers in Greece, Spain, Portugal and Italy don’t panic, the idea of a deposit tax and the way it was adopted has released something poisonous in the air. It is difficult to see how these citizens will be able to trust the system - be it their governments, banks or eurozone partners - in the weeks to come. Belief in countries where the economy is contracting and unemployment growing is already vitreous and planting fears about a possible deposits grab in the future could shatter it completely.

Guest Post: The Real Reasons Why The Liberty Movement Is Preparing To FightSubmitted by Tyler Durden on 03/19/2013 - Years ago we wrote of a not so far off future in which martial law, economic collapse, and the destruction of civil liberties stood imminent.  We related our views on the propaganda rhetoric of the SPLC, and how they were using false association to tie liberty groups to any deviant organization they could think of, including racists and domestic terrorists, in order to condition the American public to react to our message with immediate contempt. It became clear to us then that the SPLC, which had become the propaganda wing of the widely reviled Department Of Homeland Security, was helping set the stage for a paradigm shift in the U.S.  This shift would obviously include economic and social disruption, as well as political turmoil beyond anything our nation has seen for over 150 years.  But most importantly, it would pave the way for certain elements of the American populace, namely those who are awake, aware, and outspoken, to be labeled “enemy combatants” dangerous to the state. The SPLC, of course, has so far utterly failed in their efforts to stop the rise of Constitutional activists.  By their own admission, “patriot groups” have expanded exponentially since 2008, and continue to develop freely even in the face of wildly absurd character attacks taken from the amoral (immoral) guidebook of Saul Alinsky himself.  The truth, once realized, is difficult if not impossible to stop. Unfortunately, the establishment understands this as well...

Is Spain Preparing For Its Own Deposit "Levy"?Submitted by Tyler Durden on 03/19/2013 - While Spain's economy minister Luis De Guindos proclaimed in the Senate today that bank deposits under EUR100,000 are "sacred"and that "Spanish savers should stay calm," Spain, it would appear, has changed constitutional rules to enable a so-called 'moderate' levy on deposits - as under previous Spanish law this was prohibited. For now, they claim the 'levy' will be "not much higher than 0%" and is mainly aimed at regions in Spain that have "made no effort to collect taxes" based on new revenue expectations. As El Pais reports, the minister of finance and public administration, Cristobal Montoro, defends the need for such a 'levy' in their constitution on the basis of standardizing taxes across regions (and is preparing a proposal on the amounts to be paid) and although it would appear that while the European Commission could previously argue that such a 'tax' would violate the free movement of capital in Europe, it now leaves the door open to eventually effectively taxing the deposits. We can't help but remember the Tequila crisis and the constant reassurances from Zedillo up until even the night before Mexico devalued...

Next: Capital ControlsSubmitted by Tyler Durden on 03/19/2013 - As is painfully clear to even the most naive observer, the biggest threat for Europe from this point on, now that Cyprus is officially "unfixed" is what happens when... if the Cyprus banks reopen - will the deluge of bank withdrawals drain 10% of the savings as the country's central banker warned earlier today, 20%, 50% or all of it? It is certain that any and all foreign "oligarch" accounts will be promptly pulled never to be heard of again, and after being treated like third grade European citizens, we doubt the locals will care much for having their cash in a banking system that Europe has shown is equal to all the other "united" banking systems, which however also happen to be just that much more equal. And once foreign TV crews show lines of people scrambling to pull money in Cyprus to the local viewers in Greece, Italy and Spain, will those countries also get comparable ideas? That is precisely the Pandora's box that Europe has now opened, and which it is scrambling to close. How? With the dreaded "contingency plans", among which are such last ditch efforts as capital controls, including "imposing limits on daily withdrawals from bank accounts; capping the amount of money that can be electronically taken out of the country and making these transactions slower to clear; and introducing border checks to cap the amount of cash leaving in the country," most recently utilized in the banana-est of republics such as Argentina.

The FOMC's 'Two-Handed' EconomySubmitted by Tyler Durden on 03/19/2013 - President Truman famously called for a one-handed economist, so he would not have to hear, "on the other hand..." and so, BofAML notes, it may be the same at the March FOMC meeting with regard to the labor market - the apparent key to both QE and forward guidance. On the one hand, the recent US employment data have been stronger. On the other, the sequester is likely to result in significant job loss. On the one hand, the FOMC’s unemployment-rate projections are likely to be revised down. On the other, the labor market remains a long way from "substantially improved." The back-and-forth is likely to be broken by Chairman Bernanke’s press conference, where BofAML expect him to decisively come down on the side of an extended QE program. This should reduce concerns around the exit process and likely ratify market expectations of the first hike (priced for mid 2015), but one glance at the chart below tells you all you need to know about the diverging realities of our two-handed economy.

What Does A 'No' Vote Mean For Cyprus And The Eurozone?Submitted by Tyler Durden on 03/19/2013 - The Cypriot parliament tonight voted against a bill to introduce a tax on bank deposits, in return for a €10bn bailout offered to the country by Germany and other eurozone governments. Not a single Cypriot MP voted for the deal. The vote leaves Cyprus’ place in the eurozone hanging in the balance and threatens the escalation of the crisis to a new level, though the most likely outcome is that the Cypriot parliament votes a second time, on a revised deal. The governing party (DISY) abstained (with one member absent), while the junior coalition partner (DIKO) voted against – this signifies the huge political divisions at work in Cyprus. Even if a bailout deal is eventually approved the government’s position continues to look untenable. As we have noted before, this has the potential to be a very serious twist in the eurozone crisis. Previously, Germany and the eurozone have stressed that Cyprus has no alternatives to the deposit levy. Now, all eurozone partners are forced back into difficult negotiations. Both sides have some serious decisions to make. Below we outline the potential scenarios...

The Annotated Schaeuble Cyprus Post-MortemSubmitted by Tyler Durden on 03/19/2013 - Confused by the litany of threats, paliatives, urgings, promises and outright lies just uttered by the German's finmin wheelchair maestro? Fear not for we are here to explain it all...

Guest Post: What's Supposed To Happen, And What Might Happen: 3 Baseline ScenariosSubmitted by Tyler Durden on 03/19/2013 - We all know what's supposed to happen in the global economy: we get more of everything: more stuff manufactured, more coal dug up and burned, more "aggregate demand" i.e. insatiable desire for more of everything, more innovation, more wealth, more money printed, more debt taken on to buy more stuff and more education, more tourists occupying more beaches sipping more drinks, more strip malls built, more airports expanded, more jobs created, more taxes collected-- more "growth" of everything, in every way and every day. But what if this baseline scenario doesn't appear and the center cannot hold, and the Status Quo devolves - there will be less of everything, not more, and a gradual but steady erosion of all "growth" baselines: fewer jobs, lower wages, fewer taxes collected, less profits, fewer retail outlets. In this case, printing more money and spewing more reassuring propaganda will no longer tamp down the crisis. Rather, the failure of these Status Quo responses will unleash an even more destabilizing crisis.

Gold Up, Bonds Up, USD Up, VIX Up... Dow UpSubmitted by Tyler Durden on 03/19/2013 - Stocks bounced off yesterday's lows on the "no" vote from Cyprus led by a miraculously visible hand smashing EURUSD (and implicitly EURJPY) higher instantaneously (BIS or banks repatriating in a hurry). That faded after S&P 500 futures touched VWAP and major volume was dumped but stocks, after an ebullient morning reaching into the green from Friday, fell back once more, only to exhibit the low-volume liftathon on ECB 'no news' to green into the close (for the Dow). Treasuries practically ignored the hyped up pump in the last hour and ended at their lows yields of the week (down 10-13bps) - 3-week lows. VIX surged on the day but drifted back a little into the ramp ending at 14.5% +1vol. FX markets reverted like stocks in the afternoon but the main theme is EUR weakness and JPY strength (carry-off) and despite the USD strength, gold pushed higher to $1612. The S&P and Nasdaq ended the day red (at VWAP) while the magic of the Dow closed it green - once again hedging dominated actual selling for now.

European Funding Pressures Spike Most In 14 MonthsSubmitted by Tyler Durden on 03/19/2013 - One of the most important indicators of stress in the financial markets of Europe during the heady days of the crisis was the EUR-USD basis swap. Simply put it is an indication of the trouble that European banks are having funding themselves. Thank to the LTRO and a wash from the ECB, it has been largely off the radar for most media types. However, we note that today the 1Y EUR-USD basis swap smashed lower (more stressed) by the most since December 2011 and is at its most stressed since November. It seems trouble, no matter how much Draghi promises, is not too far under the surface...

Marketwatch Jeff Reeves 10 signs of a tumble http://albertpeia.com/stockstotumble.htm Commentary: These negative headlines and data point to the end for stock rally. Buckle up for a bumpy stock-market ride

The Biggest Lie Ever Sold to the American Public

http://albertpeia.com/biggestlieevertoldandsold.htm

In Re INa DReW... Posted by: williambanzai7 Post date: 03/15/2013 -It's all Bull S*** folks and its bad for ya!--George Carlin http://albertpeia.com/jailjamiecorzine.htm

An Orwellian America Submitted by Tyler Durden on 03/15/2013 - The state, crippled by massive deficits, endless war and corporate malfeasance, is clearly sliding toward unavoidable bankruptcy. It is time for Big Brother to take over from Huxley’s feelies, the orgy-porgy and the centrifugal bumble-puppy. We are transitioning from a society where we are skillfully manipulated by lies and illusions to one where we are overtly controlled. We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance... We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance.

17 Signs That A Full-Blown Economic Depression Is Raging In Southern Europe … U.S. Next?

http://albertpeia.com/euusdepression.htm

The Federal Reserve System Is A Massive Wealth Redistribution Scheme

http://albertpeia.com/fedreservemassivewealthredistributionscheme.htm

ALL HaiL THe QUaNTiTaTiVe EaSeRs...AND BeWaRe THe IDeS oF FARCE... Posted by : williambanzai7 Post date: 03/14/2013 - A MESSAGE FROM THE BANZAI7 EMERGENCY FARCECAST SYSTEM... http://albertpeia.com/bewaretheidesoffarce.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

3-18-13

The Great Cyprus Bank Robbery Shows That No Bank Account, No Retirement Fund And No Stock Portfolio Is Safe

http://theeconomiccollapseblog.com

http://albertpeia.com/noaccountfundportfoliosafe.htm

After The Banksters Steal Money From Bank Accounts In Cyprus They Will Start Doing It EVERYWHERE

http://theeconomiccollapseblog.com

http://albertpeia.com/bankstersstealingagain.htm

The Dark Truth About The Safety Of Your “Savings”

March 18, 2013 http://gainspainscapital.com

http://albertpeia.com/bankrunsandsystemicfailure.htm

Marketwatch Jeff Reeves 10 signs of a tumble http://albertpeia.com/stockstotumble.htm Commentary: These negative headlines and data point to the end for stock rally. Buckle up for a bumpy stock-market ride

Cyprus: The World’s Biggest "Poker Game" Submitted by Tyler Durden on 03/17/2013 - While this kind of 'wealth tax' has been predicted, as we noted yesterday, this stunning move in Cyprus is likely only the beginning of this process (which seems only stoppable by social unrest now). To get a sense of both what just happened and what its implications are, RBS has put together an excellent summary of everything you need to know about what the Europeans did, why they did it, what the short- and medium-term market reaction is likely to be, and the big picture of this "toxic policy error." As RBS summarizes, "the deal to effectively haircut Cypriot deposits is an unprecedented move in the Euro crisis and highlights the limits of solidarity and the raw economics that somebody has to pay. It is also the most dangerous gambit that EMU leaders have made to date." And so we await Europe's open and what to expect as the rest of the PIIGSy Banks get plundered.

The Rape Of Cyprus By The European Union & The IMFSubmitted by Tyler Durden on 03/17/2013 - Let's get some things straight and look what has happened directly in the face. There was no tax on the bank accounts in Cyprus. There still is no tax; the Cyprus Parliament has not passed it and will not vote on it until tomorrow so whatever action takes place it is retroactive. Next, this was not enacted by Cyprus. The people from Nicosia did not go to the Summit and ask to have the bank accounts in their country minimized to help pay the bills. Far from it; the nations of Europe, Germany, France, the Netherlands and the rest, demanded that this take place, a "fait accompli," the President of Cyprus said and Europe annexes Cyprus. Let's be quite clear; the European Union has confiscated the private property of the citizens in Cyprus without debate, legislation or Parliamentary agreement. Pay attention please. The European Union and the European Central Bank and the IMF have just advocated the confiscation of private property for their own indulgence.

Wall Street: $474 Million, Detroit: 0Submitted by Tyler Durden on 03/17/2013 - The more time passes, the more skeletons emerge from the closet.  So what’s the punishment for an industry that has literally destroyed countless communities across the American landscape?  Trillions in taxpayer bailouts and even more control over our government.  They say “it would’ve been much worse without the bailouts.”  Tell that to Detroit...

Sell-Side Strategists Summarize Cypriot TsunamiSubmitted by Tyler Durden on 03/17/2013 - The usually optimistic bunch of salubrious sell-side strategists are mixed in their perspective of the latest debacle to roll ashore from Europe. Most, if not quite all, expect short-term 'nervousness' and a few hardy Pollyannas remain though looking at the other end of the rainbow - once again because, drum roll please, "central banks will respond." Adding to our summary yesterday, Bloomberg adds another 13 sell-side opinions (and Moody's), it the diversity of response is perhaps best glimpsed with one who "does not expect savers to be fearful of a confiscation of their savings and spark a run on banks" for some whimsical reason and another states unequivocally, "No sensible foreign depositor would continue to keep money in a banking system that just took nearly 10% of his deposit without any notice."

Where 'Channel-Stuffed' German Cars Go To DieSubmitted by Tyler Durden on 03/17/2013 - With the collapse of Europe's auto market, and the channel-stuffing that is rife in every car manufacturer in the world, it is no surprise that at the end of their brief lease periods, European cars (Audi in this case) are being led to this 'graveyard' in Germany (70 miles north of Munich). This car park of chaos is full of nearly-new cars meant for destruction so as never to enter the car market as a cheap alternative and to maintain a high-priced spare parts market. It seems the Keynesian profligacy or digging a hole to fill it in has progressed in the 21st century to building a car and crushing that car as the engine of growth for our economies.

All Aboard The Equity Elevator - Next Stop......... Down? Posted by : CrownThomas Post date: 03/16/2013 - The smart folks are telling everyone to risk everything & jump on board the volumeless, momentum driven equity elevator and ignore those annoying doom & gloom blogs. 

IMF: Eurozone Banks Are In Trouble, Trample Taxpayers and Democracy To Bail Them Out! Posted by: testosteronepit Post date: 03/16/2013 - “Financial stability has not been assured”  

Eric Holder: Organized Crime’s Man of the Year Posted by: 4closureFraud Post date: 03/16/2013 - If any person is too big to prosecute then your justice system is a sham, a lie, a farce, a joke, a bastardization of all that America used to stand for.

For Everyone Shocked By What Just Happened... And Why This Is Just The Beginning Submitted by Tyler Durden on 03/16/2013 - Today, lots of people woke up in shock and horror to what happened in Cyprus: a forced capital reallocation mandated by political elites under the guise of an "equity investment" in insolvent banks, which is really code for a "coercive, mandatory wealth tax." If less concerned about political correctness, one could say that what just happened was daylight robbery from savers to banks and the status quo. These same people may be even more shocked to learn that today's Cypriot "resolution" is merely the first of many such coercive interventions into personal wealth, first in Europe, and then everywhere else. For the benefit of those people, we wish to point them to our article from September 2011, "The "Muddle Through" Has Failed: BCG Says "There May Be Only Painful Ways Out Of The Crisis", which predicted and explained all of this and much more. What else did the September BCG study conclude? Simply that such mandatory, coercive wealth tax is merely the beginning for a world in which there was some $21 trillion in excess debt as of 2009, a number which has since balooned to over $30 trillion. And with inflation woefully late in appearing and "inflating away" said debt overhang, Europe first is finally moving to Plan B, and is using Cyrprus as its Guniea Pig. For those who missed it the first time, here it is again

Europe Does It Again: Cyprus Depositor Haircut "Bailout" Turns Into Saver "Panic", Frozen Assets, Bank Runs, Broken ATMsSubmitted by Tyler Durden on 03/16/2013 - Europe has done it again.Late last night, after markets closed for the weekend, following an extended discussion the European finance ministers announced their "bailout" solution for Russian oligarch depositor-haven Cyprus: a €13 billion bailout (Europe's fifth) with a huge twist: the implementation of what has been the biggest taboo in European bailouts to date - the  impairment of depositors, and a fresh, full blown escalation in the status quo's war against savers everywhere.  Specifically, Cyprus will impose a levy of 6.75% on deposits of less than €100,000 - the ceiling for European Union account insurance, which is now effectively gone following this case study - and 9.9% above that. The measures will raise €5.8 billion, Dutch Finance Minister Jeroen Dijsselbloem, who leads the group of euro-area ministers, said. But it doesn't stop there: a partial "bail-in" of junior bondholders is also possible, as for the first time ever the entire liability structure of a European bank - even if it is a Cypriot bank - is open season for impairments. The logical question: why here, and why now? And what happens when the Cypriot bank run that has taken the country by storm this morning spreads everywhere else, now that the scab over Europe's biggest festering wound is torn throughout the periphery as all the other PIIGS realize they too are expendable on the altar of mollifying voters and investors in the other countries that make up Europe's disunion.

Is Greenspan Sealing the Market’s Fate?Submitted by Tyler Durden on 03/16/2013 - There once was a time when it was fair to say that Alan Greenspan was the biggest living contrary indicator of all time. Long before he became known to a wider audience, in early January of 1973, he famously pronounced (paraphrasing) that 'there is no reason to be anything but bullish now'. The stock market topped out two days later and subsequently suffered what was then its biggest collapse since the 1929-1932 bear market. That was a first hint that stock market traders should pay heed to the mutterings of the later Fed chairman when they concerned market forecasts: whatever he says, make sure you do the exact opposite. The reason why we feel he must be relegated to third place is that since then, arguably two even bigger living contrary indicators have entered the scene: Ben 'the sub-prime crisis is well contained' Bernanke, and Olli 'the euro crisis is over' Rehn. Admittedly it is not yet certain who will be judged the most reliable of them by history, but in any case, when Greenspan speaks, we should definitely still pay heed...

Germany And IMF's Initial Deposit Haircut Demand: 40% Of TotalSubmitted by Tyler Durden on 03/16/2013 - As the President of Cyprus proclaims  to his people that "we' should all take responsibility as his historic decision will "lead to the permanent rescue of the economy," it appears that the settled-upon 9.9% haircut is a 'good deal' compared to the stunning 40% of total deposits that Germany's FinMin Schaeuble and the IMF demanded. This action, his statement notes, enables the rescue of 8,000 banking sector jobs and ensuring the liquidity of the banks, "allowing the economy to proceed decisively to a new beginning." Ekathimerini reports," this is the first time in the eurozone that a levy has been imposed not on the interest of bank accounts but on the capital itself," and was the only way to bridge most of the the gap between the EUR17bn Nicosia needed and the EUR10bn the ESM was offering, though tax on interest in Cypriot banks will also rise to 20-25%. It is the 40% haircut requirement that concerns us the most as clearly going forward that means other nations, starting Monday (or Tuesday given national holidays) see deposit outflows surge, as the willingness to take such steps is now painfully clear.

Saxo Bank CEO: "This Is Full-Blown Socialism And I Still Can't Believe It Happened"Submitted by Tyler Durden on 03/16/2013 - It is difficult to describe the weekend bailout package to Cyprus in any other way. The confiscation of 6.75 percent of small depositors' money and 9.9 percent of big depositors' funds is without precedence that I can think of in a supposedly civilised and democratic society. But maybe the European Union (EU) is no longer a civilised democracy? This is a breach of fundamental property rights, dictated to a small country by foreign powers and it must make every bank depositor in Europe shiver. If you can do this once, you can do it again. Depositors in other prospective bailout countries must be running scared - is it safe to keep money in an Italian, Spanish or Greek bank any more? This is a major, MAJOR game changer and the fallout will be with us for a long time to come. Market reaction? it must be very good for gold - and for safe-haven countries like Switzerland and Singapore. This is full-blown socialism and I still cannot believe this really happened. Be careful out there...

After Cyprus, Who Is Next?Submitted by Tyler Durden on 03/16/2013 Short answer: we don't know. We do, however, know something we have been pointing out since early 2012 - when it comes to the funding strcuture of European banks, there is a dramatic difference between the US and Europe. In the US, as we showed most recently two months ago, the Big Three depositor banks (JPM, Wells and Bank of America, excluding the still pseudo-nationalized Citi), have a record $858 billion in excess deposits over loans. So what about Europe? Here things get bad. Very bad. So bad in fact that we covered it all just one short year ago. What is the reason for this? Well, as readers can surmise based on what just happened in Europe, it once again has to do with deposits, and specifically the loan-to-deposit ratios of European banks. Because if the US has an excess of deposits over loans, Europe is and has always suffered from the inverse: a massive excess of loans (impaired assets) compared to the most critical of bank liabilities - deposits... One doesn't have to be a rocket scientist to figure out that in a world in which European loans are massively mismarked relative to fair value, and where bad and non-performing loans are an exponentially rising component of all "asset" exposure, it will be the liabilities that are ultimately impaired. Liabilities such as deposits.

Cyprus President To Rehn: "I Told You Tax Wouldn't Pass. Regards To Mrs Merkel"Submitted by Tyler Durden on 03/18/2013 - To say that the tensions within the European "Union" are getting unbearable would be an understatement. According to Mega TV, Anastasiades is reported to have said to Rehn and Brok: “When I warned you that there would not be a parliamentary majority to pass the agreement, you didn’t want to listen. Give my regards to Mrs Merkel.” We eagerly wait to hear back what message Merkel has for the Cypriot leader now that the entire plan is falling apart.

Former CEO Of Calpers Indicted On Financial Fraud Scheme ChargesSubmitted by Tyler Durden on 03/18/2013 - There was a time when pervasive financial crimes would if not shock and appall people, then at least make them think for a minute or two. Sadly, now that even the biggest bank by assets is found to have misled regulators, shareholders and the broad public and its CEO is proven to have perjured himself before Congress, and absolutely nothing happens, not even one of those token SEC wristslap settlements, we are way past the point of even pretending to care. Which is why there is little we can comment on the news that Federico Buenrostro Jr., 62, the former CEO of the nation's largest pension fund, California's Calpers, has been indicted by a federal grand jury in a scheme to defraud Apollo Management, one of the biggest private equity firms in the nation, of $20 million. How is one supposed to have any faith, or worse, any hope that there is something more than mere criminality pushing the US capital markets to "new highs", and why is anyone surprised the retail investor has given up on the Fed-backstopped US "wealth creation mechanism" long ago.

The Biggest Lie Ever Sold to the American Public

http://albertpeia.com/biggestlieevertoldandsold.htm

In Re INa DReW... Posted by: williambanzai7 Post date: 03/15/2013 -It's all Bull S*** folks and its bad for ya!--George Carlin http://albertpeia.com/jailjamiecorzine.htm

An Orwellian America Submitted by Tyler Durden on 03/15/2013 - The state, crippled by massive deficits, endless war and corporate malfeasance, is clearly sliding toward unavoidable bankruptcy. It is time for Big Brother to take over from Huxley’s feelies, the orgy-porgy and the centrifugal bumble-puppy. We are transitioning from a society where we are skillfully manipulated by lies and illusions to one where we are overtly controlled. We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance... We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance.

17 Signs That A Full-Blown Economic Depression Is Raging In Southern Europe … U.S. Next?

http://albertpeia.com/euusdepression.htm

China Just Sounded a Warning Bell For What’s Coming Our Way

http://albertpeia.com/chinaswarningbell.htm

The Federal Reserve System Is A Massive Wealth Redistribution Scheme

http://albertpeia.com/fedreservemassivewealthredistributionscheme.htm

ALL HaiL THe QUaNTiTaTiVe EaSeRs...AND BeWaRe THe IDeS oF FARCE... Posted by : williambanzai7 Post date: 03/14/2013 - A MESSAGE FROM THE BANZAI7 EMERGENCY FARCECAST SYSTEM... http://albertpeia.com/bewaretheidesoffarce.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

3-15-13

The Biggest Lie Ever Sold to the American Public

March 15, 2013 http://gainspainscapital.com

http://albertpeia.com/biggestlieevertoldandsold.htm

In Re INa DReW... Posted by: williambanzai7 Post date: 03/15/2013 -It's all Bull S*** folks and its bad for ya!--George Carlin

http://albertpeia.com/jailjamiecorzine.htm

An Orwellian America Submitted by Tyler Durden on 03/15/2013 - The state, crippled by massive deficits, endless war and corporate malfeasance, is clearly sliding toward unavoidable bankruptcy. It is time for Big Brother to take over from Huxley’s feelies, the orgy-porgy and the centrifugal bumble-puppy. We are transitioning from a society where we are skillfully manipulated by lies and illusions to one where we are overtly controlled. We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance... We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance.

Guest Post: A Roadmap For American Grand Strategy Part 3 (Of 3)Submitted by Tyler Durden on 03/15/2013 - Following Part 1's discussion of America's Dangerous Drift, and Part 2's succincy summation of why America needs a Grand Strategy, today's Part 3 concludes with a discussion of the 'choice' American leaders have: "A decline in America’s leadership role and the emergence of a highly unstable world is a serious possibility. In reality, decline is not a foregone conclusion but a deliberate political choice that builds from a failure to define what matters most to the nation." When we step back from the language and imperatives of grand strategy, the case for the United States to rethink its grand strategy is fundamentally simple. It is designed to meet serious threats while creating and taking advantage of strategic opportunities. To continue on the present course of "drifting" from crisis to crisis effectively invites powers to believe that America is in decline. Worse, Americans, too, might believe wrongly that the nation’s decline is inevitable. If we are to assure America’s future security and prosperity, we need a new national grand strategy that harnesses America’s spirit, sense of optimism, and perseverance to help the nation meet the challenges and grasp the opportunities of this era. When we think about the alternatives, the United States simply has no choice.

17 Signs Of A Full-Blown Economic Depression Raging In Southern EuropeSubmitted by Tyler Durden on 03/15/2013 - When you get into too much debt, eventually really bad things start to happen.  This is a very painful lesson that southern Europe is learning right now, and it is a lesson that the United States will soon learn as well.  It simply is not possible to live way beyond your means forever.  You can do it for a while though, and politicians in the U.S. and in Europe keep trying to kick the can down the road and extend the party, but the truth is that debt is a very cruel master and at some point it inevitably catches up with you.  And when it catches up with you, the results can be absolutely devastating. Greece, Italy, Spain and Portugal all tried to just slow down the rate at which their government debts were increasing, and look at what happened to their economies. I have always said that the next wave of the economic collapse would start in Europe and that is exactly what is happening.  So keep watching Europe.  What is happening to them will eventually happen to us.

Which Is More American - War, Or Peace?Submitted by Tyler Durden on 03/15/2013 - It seems an obvious question but from the top down, based on the great and good leaders of the United States of America, it appears from their State of the Union speeches that 'War' indeed trumps 'Peace'. Of course, whether this is a reflection of the ultimate in Keynesian policy dreams of manufacturing ammunition just to be thrown away in non-inflationary ways (or to drive energy demand) is still in discussion.

Guest Post: "What In The World Is A Bitcoin?"Submitted by Tyler Durden on 03/15/2013 - Earlier in the week we wrote about an Argentine car rental agency that had started accepting Bitcoins as a means to bypass local capital controls. We received a lot of questions about the article, the most common of which was "What in the world is a Bitcoin?" Let’s start by looking at our current monetary system. In most countries, a small tiny banking elite exercises total control over that nation’s money supply. And we’re just supposed to trust them to be good guys. Yet central bankers around the world have conjured trillions of dollars out of thin air, debasing the money’s value. It’s a concept any six-year old can understand. If money grew on trees, it wouldn’t be worth very much. This is one of the key reasons why people buy gold. You can’t just conjure gold out of thin air. It takes years of exploration and investment to pull it out of the ground. In the information age, though, we have an alternative. Bitcoin is digital currency. It doesn’t actually exist in our physical world... only in computers...

Most Hedge Funds Underperforming The S&P 500 For Fifth Year In A Row - Full YTD PerformanceSubmitted by Tyler Durden on 03/15/2013 - There is one problem with relentlessly ramping markets (whether due to four years of liquidity injections by the Fed, or due to four years of liquidity injections by the Fed) - they make all those who by definition have to be hedged, seem stupid by comparison. In this case, this means that for the fifth year in a row, the vast majority of brand name hedge funds are once again underperforming the S&P, even though most of them have shifted to the highest net long exposure in history, while charging their increasingly more angry investors 2 and 20 for the privilege of underperforming the most micromanaged asset of all - the S&P500, and its unpaid portfolio manager, Ben Bernanke. And while there are three certain things in life: death, taxes and Paulson being one of the worst performers in the world (perhaps he is moving to Puerto Rico not to avoid paying taxes but to escape furious LPs), as he indeed is for the third year running what is most surprising is that through the middle of March, according to HSBC, every single brand name hedge funds is once again underperforming the S&P.

Howard Marks: "It Isn't Just A Windfall, It's A Warning Sign"Submitted by Tyler Durden on 03/15/2013 - Despite the all-knowing Alan Greenspan confirming there is no irrational exuberance currently, Oaktree Capital's Howard Marks is less convinced. Though he is not bearish, he lays out rather succinctly the current pros and cons for equities - based on the various 'valuation' arguments, discusses the folly of the equity risk premia, and highlights the dangers of extrapolation and what history can teach us... "appreciation at a rate in excess of the cash flow growth accelerates into the present some appreciation that otherwise might have happened in the future... it isn't just a windfall but also a warning sign."

Market 'Plunges' By 0.17%, Worst Drop In Three WeeksSubmitted by Tyler Durden on 03/15/2013 - The streak is dead - long live the streak - for the first losing Friday of the year. A sad day among the media though Maria B did proclaim "today was a victory even though we were down," so we can rest assured that all is well. While equities ending off their highs, the week was still positive 1-2% - especially for the Trannies - but rather oddly (well not really anymore) Treasuries are going out at the low yields of the week - down 7bps. The USD lost 0.7% with AUD and GBP strength weighing most and a decent surge higher in JPY today's day session. Oil prices jumped 1.7% on the week back over $93.50 (as RBOB and retail prices start to rise once again). Gold and Silver diverged with the former up 0.8% and the latter -0.7%. Volume today was very heavy (and it was a down day) but the quad-witching is to blame as opening an closing trading was huge as S&P 500 futures tagged new highs overnight but couldn't escape the lows of VWAP at the close. So far 2013 has been a perfect replay of 2012 - Is this it?

Frontrunning: March 15

Submitted by Tyler Durden on 03/15/2013

JPMorgan Report Piles Pressure on Dimon in Too-Big Debate (BBG)

Employers Blast Fees From New Health Law (WSJ)

Obama unveils US energy blueprint (FT)

Obama to Push Advanced-Vehicle Research (WSJ) - here come Solar-powered cars?

BRICs Abandoned by Locals as Fund Outflows Reach 1996 High (BBG)

Obama won't trip over Netanyahu's Iran "red line" (Reuters)

Samsung puts firepower behind Galaxy (FT)

Boeing sees 787 airborne in weeks with fortified battery (Reuters)

Greece Counts on Gas, Gambling to Revive Asset Sales Tied to Aid (BBG)

Goldman’s O’Neill Says S&P 500 Beyond 1,600 Needs Growth (BBG)

China’s new president in corruption battle (FT)

Post-Chavez Venezuela as Chilly for Companies From P&G to Coke (BBG)

17 Signs That A Full-Blown Economic Depression Is Raging In Southern Europe … U.S. Next?

http://theeconomiccollapseblog.com

http://albertpeia.com/euusdepression.htm

China Just Sounded a Warning Bell For What’s Coming Our Way

http://albertpeia.com/chinaswarningbell.htm

The Federal Reserve System Is A Massive Wealth Redistribution Scheme

http://albertpeia.com/fedreservemassivewealthredistributionscheme.htm

ALL HaiL THe QUaNTiTaTiVe EaSeRs...AND BeWaRe THe IDeS oF FARCE... Posted by : williambanzai7 Post date: 03/14/2013 - A MESSAGE FROM THE BANZAI7 EMERGENCY FARCECAST SYSTEM... http://albertpeia.com/bewaretheidesoffarce.htm

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

3-14-13

17 Signs That A Full-Blown Economic Depression Is Raging In Southern Europe … U.S. Next?

http://theeconomiccollapseblog.com

http://albertpeia.com/euusdepression.htm

China Just Sounded a Warning Bell For What’s Coming Our Way

March 14, 2013 http://gainspainscapital.com

http://albertpeia.com/chinaswarningbell.htm

The Federal Reserve System Is A Massive Wealth Redistribution Scheme

http://thetruthwins.com

http://albertpeia.com/fedreservemassivewealthredistributionscheme.htm

ALL HaiL THe QUaNTiTaTiVe EaSeRs...AND BeWaRe THe IDeS oF FARCE... Posted by : williambanzai7 Post date: 03/14/2013 - A MESSAGE FROM THE BANZAI7 EMERGENCY FARCECAST SYSTEM... http://albertpeia.com/bewaretheidesoffarce.htm

Potential Cost Of A Nuclear Accident? So High It’s A Secret! Posted by: testosteronepit Post date: 03/14/2013 - French government study: cost would be over three times GDP. Financially, France would cease to exist as we know it

All U.S. Intelligence Agencies – Including CIA and NSA – to Spy On Americans’ Finances Posted by: George Washington Post date: 03/14/2013 - Government to Spy On Everyone Who Banks In the U.S.

Because It Worked So Well For Stalin...Submitted by Tyler Durden on 03/14/2013 - Five-year plans in the Land of the Free? Apparently it’s not that far off from reality. Yesterday Senator Tom Harkin introduced S. 544, “a bill to require the President to develop a comprehensive national manufacturing strategy.” In effect, Senator Harkin wants the President to centrally plan the economy. Never mind that the President has zero experience in business or manufacturing. But hey, this worked out so well for Stalinist Russia, it’s no wonder Mr. Harkin wants to copy that model... The trend is clear. Every single day the political elite gives us even more evidence that they’re working overtime to destroy the economy and what few remaining civil liberties still exist.

Government Transparency Hits Record LowSubmitted by Tyler Durden on 03/14/2013 - Surprise, surprise... the 'most transparent administration ever' is, well, the least transparent.  Not that any of you are shocked by this revelation, but a new report by the Associated Press demonstrates just how secret our government and intelligence agencies have become.  Not only did they claim “national security” over and over like a bunch of drunk parrots, they also claimed the need to protect “internal deliberations.”  Specifically, the number of times the government withheld or censored reports in 2012 was 479,000 times, up 22% from 2011.  The CIA denied 60% of requests, up from 49% in 2011. "In some ways, the Obama administration is actually even more aggressive on secrecy than the Bush administration."

UBS: The Great Rotation Is Much Ado About NothingSubmitted by Tyler Durden on 03/14/2013 - The concept of the Great Rotation continues to garner significant investor attention. From a flow perspective, UBS'  analysis across various asset classes infers there is scant evidence of a large rotation out of corporate credit or fixed income in general. They make a few simple observations. First, that the thesis of a great rotation out of Treasury securities into corporate equities is a fallacy - the Federal Reserve and global central banks are the dominant holders of Treasuries; if they decide to sell, the money will not directly flow into equities. Second, the thesis of a great rotation out of corporate credit into equities is complicated by three main cross-currents which suggests, correctly, to them that the Great Rotation debate is much ado about nothing.

Marc Faber Rationalizes The Irrational And Fears China's "Colossal Credit Bubble"Submitted by Tyler Durden on 03/14/2013 - Though infamous for his doom and gloom more than boom, Marc Faber explains in this brief CNBC clip how the herd-like behavior in stocks and real estate is actually not totally irrational as it is merely a reaction to the central banks forcing people not to hold cash and instead but "gold watches and Ferraris." His point is that if (and when) interest rates are ever normalized, everything changes (and not in a good way) as valuations become severely stretched on all these inflated assets. While the world tells us that bonds are unattractive and stocks are attractive, Faber rhetorically asks, "who knows, maybe the bonds are telling us something about the future return on equities." He warns of paying too much attention to government headline statistics, "what is published does not necessarily reflect the reality," But, just as we have warned, China is his biggest fear for knocking the world' exuberance: "Whether they [Chinese government] can ensure continuous growth will depend on reforms and how to deflate the colossal credit bubble we have in China. This is going to be a huge problem because we have so much underground credit, questionable loans outstanding and questionable investments."

Japan: Front-Runner Of Outright MonetizationSubmitted by Tyler Durden on 03/14/2013 - Democratic governments in low-growth economies sometimes rely on their central banks to support fiscal policy so as to avoid asking voters to share more of the burden. BNP Paribas' Ryutaro Kono notes that it is the pathology of modern democracies to foist our bills onto future generations and one could argue that the prolongation of our zero-rate regimes and quantitative easing are facilitating this. When this societal weakness is combined with today’s financialized economies, we get a pronounced inclination toward monetization, which could lead to very serious problems. While Governor Shirakawa has described the BoJ as the “frontrunner” in venturing into unknown territory with policies like zero rates and quantitative easing, Kono warns that Japan could also become the frontrunner of outright monetization. This could intensify the dilemma of having to choose between price stability or financial-system stability when inflation actually starts to pick up.

When A JPM "Hedge" Is Anything But A Hedge - In JPM's Own WordsSubmitted by Tyler Durden on 03/14/2013 - While JPMorgan's arrogance and complete ignorance (intentional or not) of both risk limits and regulatory expectations is now grossly obvious, the fact remains that a lie is a lie and given the following, how can anyone ever trust anything that anyone from this 'fortress-like' balance sheet ever says again? To wit, again and again and again, the public and the regulators were told this was a long-term 'hedge' for a bank that is a natural net 'lender' and therefore exposed to deterioration in credit markets over the long-term. However, as JPMorgan's own data and words show, the SCP 'hedge' in fact lost money in all spread-widening scenarios - exactly when it should be making money to cover 'offsetting' losses in the bank's lending book. In fact, it appears, that this was simply another low 'risk-weighted' way to get around regulatory capital rules and be 'long' the market - in the first three months of 2012, the CIO tripled the size of the SCP book, taking it from $51 billion to $157 billion, in a buying spree that was not motivated by decision-making on a “very long-term basis.”

What Really Happened To JP Morgan In The Market - A Simple ExampleSubmitted by Tyler Durden on 03/14/2013 - On the day of the unexpected JPM conference call in May of 2012, during which the initial extent of the London Whale fiasco was revealed, Zero Hedge presented a full, visual breakdown of everything that, we thought, had happened at the CIO, without any corroborating evidence. In hindsight, our assumptions and conclusions were 100% correct. But for anyone still confused and curious how less than a year ago the most powerful bank in the world put itself at the mercy of a few hedge funds, here is the simple one page summary.

The Complete History Of JPMorgan's "Monstrous" Derivative Risks And Abuses - The Full Senate ReportSubmitted by Tyler Durden on 03/14/2013 - Curious what according to Jamie Dimon is just a "tempest in a teapot", or, alternatively, why Mr. Dimon is richer than pretty much all of you, here is the full 307 page report that explains everything, including all the events that transpired at the JPM CIO office, all the trades that led up to the "monstrous" Whale portfolio, leading to an epic prop trade failure, coupled with countless lies and misrepresentations to regulators, to investors, to the public, and to politicians, many of which under oath. Oh yes, free Jamie Dimon!

"Too Big To Regulate" JP Morgan "Lied" And "Deceived" Regulators, Investors And Public, Senate FindsSubmitted by Tyler Durden on 03/14/2013 - Moments ago, ahead of tomorrow's 9:30 am Senate hearing on JP Morgan's 2012 attempt to corner the IG9 market through its London-based CIO office using depositor cash which as everyone now knows went horribly wrong, titled "JPMorgan Chase Whale Trades: A Case History of Derivatives Risks and Abuses,” the Permanent Subcommittee on Investigations has released its comprehensive 300 pages review of the London Whale fiasco. The report, in a nutshell, finds that both Jamie Dimon and JP Morgan lied and misled investors, regulators and Congress, that it forced its traders to hide growing losses, that it hid trades banned by the Volcker rule (just as we first said in April 2012 in "Why JPM's "Chief Investment Office" Is The World's Largest Prop Trading Desk: Fact And Fiction") and that JP Morgan may, by extension, be "too big to manage" or "too big to regulate" as Carl "Shitty Deal" Levin summarized.

Fed Gives 14 Of 18 Banks Green Light To Pay Shareholders; Goldman, JPM Get Special TreatmentSubmitted by Tyler Durden on 03/14/2013

10-In-A-Row For Dow As VIX Plunges To New Cycle LowSubmitted by Tyler Durden on 03/14/2013 - If it's a day of the week ending in 'y' then sure enough the Dow is green - 10 days in a row - best run since Nov 1996. The cash S&P's all-time high remains a day or two away at 1576.1 but today's late-day ubiquitous idiocy (first via VIX and then via HYG) took it within a point of the all-time closing high of 1565.15. Volume - take a guess! Trannies outperformed as 4 different stocks were short-squeezed this time to drive half the index's performance (CNW, R, KSU, and UNP). VIX daggered lower to new cycle lows ending at 11.05% at its lows. Away from that tom-foolery, stocks were 'supported' by USD weakness as GBP ramped higher on pre-budget excitement and EUR just because why not; Treasury yields ended the day near the lows of the week - entirely in keeping with the highs of the week in stocks... USD weakness helped WTI rise on the day - now best performer on the week among the commodities with Silver lagging on the week (while gold limps higher). Just another day in dystopia... ahead of the CCAR Part 2.

The Chart That Draghi Should Be Worried AboutSubmitted by Tyler Durden on 03/14/2013 - Europe is fixed from what we are told (though even Herr Schaeuble mutters under his breath that the crisis is not quite over). Given the increasingly tight coupling between European financials and their domestic sovereign credit - thanks to OMT promises and LTRO funding - one could be forgiven for thinking that the most important thing to watch in Europe is the financials. Indeed, year-to-date, European financial stocks have surged over 7% (driven mostly by a global pump in the first few days of January) while at the same time, European senior financial credits (the other 'safer' end of the spectrum in terms of capital structure support from stocks) are 1bps wider on the year... we suggest Mr. Draghi quickly come up with another solution to save the banks (cough Commerzbank cough) before stock markets catch on.

High Yield Shorts As Confident As In October 2007Submitted by Tyler Durden on 03/14/2013 - While the supposed common-knowledge is that rising short-interest is where to look for epic squeezes (and indeed it appears to the case in individual stocks); in ETF-land, it tends to be the opposite (especially when the underlying of the ETF is relatively illiquid). Absolute short interest in the high-yield bond ETF HYG is at a record - surging to over 23mm shares - heralded by many as evidence that HY can squeeze higher. However, given the incredible rise in shares outstanding in HYG (as flows drove creation until around six months ago) the more reliable indication is the short-interest-ratio. The SI ratio is back at the same levels it was at the highs of the Oct 2007 period - we humbly suggest that this (as was clear in 2007) is anything but contrarian as professional bond managers using ETF liquidity to hedge their over-stuffed and over-flowing illiquid HY bond portfolios. With HY 'yields' at record lows, HY spreads near record lows (and crossover having only been tighter during 1946-65 repression), leverage rising notably, and valuations extreme (only 22% of CCC credits priced with yields over 10%!!!) is it any wonder that the professionals are as confidently hedged as they were as the credit crisis exploded and Lehman struck.

10 Examples Of The Clueless Denial About The 'Real' EconomySubmitted by Tyler Durden on 03/14/2013 - They didn't see it coming last time either.  Back in 2007, President Bush, Federal Reserve Chairman Ben Bernanke and just about every prominent voice in the financial world were all predicting that we would experience tremendous economic prosperity well into the future.  In fact, as late as January 2008 Bernanke boldly declared that "the Federal Reserve is not currently forecasting a recession."  At the time, only the "doom and gloomers" were warning that everything was about to fall apart.  And of course we all know what happened.  But just a few short years later, history seems to be repeating itself. All of our "leaders" swear that everything is going to be okay.  You can believe them if you want, but denial is not just a river in Egypt, and another crash is inevitably coming.

Initial Claims Lower Than Expected At 332K, PPI In Line With ExpectationsSubmitted by Tyler Durden on 03/14/2013 The grind lower in initial jobless claims continues, which from an upwardly revised 342k (was 340K) last week, declined to 332K in the most recent week ended March 9, on expectations of an increase to 350K. This was the third consecutive beat in a row and the lowest total print since January, which in turn takes it all the way back to January 2008. Continuing claims were also better than expected, dropping from an upwardly-revised 3113K, to 3024K, on expectations of a 3090K print. According to the BLS, unlike the last time we had an abnormally low print, no states were estimated this time around.

RIP Rotation: Two Weeks Of US Equity Fund OutflowsSubmitted by Tyler Durden on 03/14/2013 - If it appears that there has been a period of perplexing quiet in the financial comedy TV's hammering on the topic of the great rotation, it is because that is indeed the case. The reason? As per ICI, following the start of year inflow surge into domestic equity mutual funds, we have experienced a steady trickle lower in inflows, and then, as noted last week, have had not one but two consecutive outflows, confirming that the pattern from 2011 is fully set. Finally, for those curious where the surge in early 2013 inflows came from, we suggest rereading our post from December on "A Record $220 Billion "Deposit" Injection To Kick Start To The 2013 Market." In summary: there has been zero, zilch, none "great rotation" out of bonds into stocks, especially since bond funds have seen far greater inflows in 2013 compared to stocks, and the only money "rotating" has been the parked deposits in year end 2012 ahead of the Fiscal Cliff, being reallocated back into equities (of which there is now no more), and some modest money market fund moves, which also have now tapered out.

European Employment Drops To 2006 LevelsSubmitted by Tyler Durden on 03/14/2013 - If anyone is confused why European stocks just hit their highest levels in nearly 5 years (if not all time highs - there America with its 48 million foodstamp recipients has it beat), the chart below should provide some lack of color. According to Eurostat, in Q4 the number of persons employed in Europe compared to Q4 declined by 0.3% in the Euroarea, and 0.2% in the Eu27. The decline was -0.8% and -0.4% for the EA17 and EU27 compared to a year ago. Of course, if the Fed and ECB keeps pushing stocks higher, monetary illogic dictates that eventually this number will rise because somehow having more diluted claims on money floating around is good for jobs. Just not yet.

RANsquawk EU Market Re-Cap - 14th March 2013

Submitted by RANSquawk Video on 03/14/2013

Frontrunning: March 14

Submitted by Tyler Durden on 03/14/2013 -

Dimon’s ‘Harpooned’ Whale Resurfaces With Senate Findings (BBG)

Greece and lenders fall out over firings (FT) - as predicted 48 hours ago

Dallas Fed Cap Seen Shrinking U.S. Banking Units by Half (BBG) - which is why it will never happen

Xi elected Chinese president (Xinhua)

Russia Bond Auction Bombs as ING Awaits Central Bank Clarity (BBG)

U.S. and U.K. in Tussle Over Libor-manipulating Trader (WSJ)

Chinese firm puts millions into U.S. natural gas stations (Reuters)

In Rare Move, Apple Goes on the Defensive Against Samsung (WSJ)

Berlin Airport Fiasco Shows Chinks in German Engineering Armor (BBG)

Ex-PIMCO executive sues firm, says was fired for reporting misdeeds (Reuters)

Bank of Italy Tells Banks in the Red Not to Pay Bonuses, Dividends (Reuters)

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

3-13-13

Denial Is Not Just A River In Egypt: 10 Hilarious Examples Of How Clueless Our Leaders Are About The Economy

http://theeconomiccollapseblog.com

http://albertpeia.com/usleaderscluelessoneconomy.htm

Ignoring These Two Warnings Could Cut Your Portfolio by a Third

March 13, 2013 http://gainspainscapital.com

Could Merkel Pull the Plug on the Euro?

March 11, 2013 http://gainspainscapital.com

http://albertpeia.com/2warningsandpullingplugoneuro.htm

Cutting Corporate Welfare Queens Off from the Dole Would be the Best Way to Cut the Debt Posted by : George Washington Post date: 03/13/2013 - The Biggest Welfare Queens of All ... ‘In previous installments, we’ve noted that we could more than offset the need for the “sequestration” budget cuts by doing any one or combination of the following: 1) Ending massive subsidies to the giant banks 2) Reducing fraud and waste 3) Ending the failed drug war 4) Ending subsidies to the nuclear industry 5) Stopping the counter-productive quantitative easing by the Fed Here’s another way to offset the need for budget cuts: cut off the welfare queens. (Jamie Dimon – shown above- and the other Wall Street queens are the largest recipients of welfare.)…’

Guess Which Country The IMF Forecasts Will Grow The Most In 2016Submitted by Tyler Durden on 03/13/2013 - The IMF - known for its independence, thoroughness, and Keynesian multiplier fiascoes - is the go-to institution to back any bullish-scenario because one can always rely on any dip in data or markets to hockey-stick back to textbook trend. With that background, we thought it fascinating to see, as Bloomberg Brief notes, which European nation is expected to be the leading economy for the entire Eurozone in 2016. As a hint, in Q4 2012 its economy fell 5.7% YoY, and the nation's overall economy has shrunk 20% since the regression began in 2008. As a final hint, the nation's Finance Minister on Monday told The Guardian the nation was over the worst. We can only hope the 60%-plus of youth that remain unemployed are buoyed by these rosy projections.

UK Banruptcy Tzar On Verge Of BankruptcySubmitted by Tyler Durden on 03/13/2013 - Despite around $135 million in bailouts, the UK government's Insolvency Service disputes its own insolvency. The FT reports that one British MP summed it up - "it is fair to say that if this was a company it would be in deep trouble." The group, which polices bankrupt companies, liquidates failed businesses and disqualifies unfit directors, would be bankrupt were it not for the government's cash injection. Dependent on fees and recoveries from bankrupt companies, the agency over-estimated its ability to recover assets from collapsed businesses. It dismisses the insolvency claims against itself however, noting the service is "living within its means" and expects to be deficit-free by 2015 (though it is unclear how unless they expect recoveries to rise dramatically or bankruptcies to increase significantly) as it is forced to provide services even when there is no prospect of recovering fees from bankrupt people or companies. Their rate of prosecution has dropped from 40% to 21% and even the creditor community has lost faith arguing that the agency's model was "unreliable in the current economic climate" and required urgent reform.

Guest Post: What Will Become Of Chavez's Gold Hoard?Submitted by Tyler Durden on 03/13/2013 -In August 2011, while undergoing cancer treatments that ultimately failed him, Venezuela’s President Hugo Chávez began withdrawing 160 tons of gold from U.S., European and Canadian banks. “It’s coming to the place it never should have left. ... The vaults of the central bank of Venezuela, not the bank of London or the bank of the United States. It’s our gold,” he said on national television as crowds cheered armored trucks carrying an initial bullion shipment to the central bank. The Caracas hoard would today be valued at around $9 billion, were it not for the fact that Venezuela has been selling it — about $550 million worth in the first eight months of 2012, according to the IMF. Did further sales follow over the past six months, with proceeds partly paying for the public largesse that helped fuel Chávez’s victorious up-from-the-sickbed presidential run? Thus, there is something less than $8.5 billion in untraceable gold bullion stashed in an extremely politicized city that’s simmering with grudges and dreams. Physical gold is modestly short of priceless to a criminal. What mala gente or dissident generals wouldn’t want some of Chávez’s rich legacy?

Wednesday Humor: Career Advice (From Hank Paulson)Submitted by Tyler Durden on 03/13/2013 - We can only imagine the lines around the block in readiness for this Chicago Booth lecture "Career Advice From Hank Paulson" urging students not to obsess about positioning themselves for the top job - or perhaps, as we might sub-title it, "Don't obsess - your efforts to make $478m tax-free like me are completely futile."

Japanese Welfare Recipients Hit All-Time HighSubmitted by Tyler Durden on 03/13/2013 - Over the weekend we learned that the most indebted nation in the world (net of unfunded liabilities), that would be the US, just hit an all time high in foodstamp recipients, which when added to record disability recipients, and various other programs providing for free benefits and entitlements, means that just as the US hit a record Dow Jones (and total Federal debt) print, it at least had a record amount of welfare recipients to show for it. In this context it is probably to be expected then, that that other hyperdebtflationary Keynesian basket case, Japan, just reported that the number of people receiving entitlement benefits just hit an all time high as well. Because the one thing insolvent misery certainly loves is company. Preferably globalized company, just so when the global statist syndicate needs to threaten a record number of people with pulling their welfare privileges should it not get its now periodic taxpayer-funded bailout every several years, it gets a very enthusiastic and prompt global response.

QBAMCO On The Fed's ExitSubmitted by Tyler Durden on 03/13/2013 - The markets have begun to wonder whether the Fed (and other central banks) will ever be able to exit from its Quantitative Easing policy. We believe there is only one reasonable exit the Fed can take. Rather than sell its portfolio of bonds or allow them to mature naturally, we believe the Fed’s only practical exit will be to increase the size of all other balance sheets in relation to its own. This “exit” will be part of a larger three-part strategy for resetting the over-leveraged global economy, already underway...

Latest Greek Aid Tranche To Be Delayed After Troika Talks Break DownSubmitted by Tyler Durden on 03/13/2013 - Here we go again. As we reported yesterday, Greece was due to present to the Troika "how to cut a massive 150,000 public sector jobs: a move which will result in an immediate surge in public unrest, and an exponential jump in strike activity.... Greece is locked in talks with international creditors in Athens about shrinking the government workforce by enough to keep bailout payments flowing. Identifying redundant positions and putting in place a system that will lead to mandatory exits for about 150,000 civil servants by 2015 is a so-called milestone that will determine whether the country gets a 2.8 billion-euro ($3.6 billion) aid installment due this month. More than a week of talks on that has so far failed to clinch an agreement." Fast forward to today when we learn that any hopes a last minute solution would materialize, allowing the monetary spice to flow and the €2.4 billion loan to be paid, were just dashed following a breakdown in talks between Greece and the Troika. Deja vu all over again.

Guest Post: Argentines Escaping Capital Controls With BitcoinsSubmitted by Tyler Durden on 03/13/2013 - President Cristina Fernandez has a stranglehold over what's left of the Argentine economy. Inflation is rampant, corruption is incorrigible, and freedom is waning. Price controls, media controls... they're all part of the same tired playbook that morally bankrupt politicians in financially bankrupt countries have routinely fallen back on for centuries. Fernandez's most insidious move has been to FORCE Argentines to hold the rapidly depreciating Argentine peso. She has restricted her people from changing pesos into other currencies, including gold, as well as created obstacles to move funds abroad. Many Argentines have reached their breaking points and are doing something about it - no more evidenced than by a local tour operator and rental car agency there has started accepting Bitcoins.

CFTC Investigating London Gold, Silver Price Fixing For ManipulationSubmitted by Tyler Durden on 03/13/2013 -Years after the CFTC, under the leadership of Goldman's Gary Gensler, theatrically agreed to investigate whether the price of precious metals was manipulated during trading - whether systematically or ad hoc - only to let that inquiry fizzle and drop the whole idea proclaiming there is manipulation, the commodity futures regulators are once again taking a look at shady activities originating at London. Or rather, it is "discussing internally" whether the daily London gold and silver price fixing is open to manipulation.

Guest Post: What Happened To The Uproar Over Energy Speculators?Submitted by Tyler Durden on 03/13/2013 - Gasoline prices in the U.S. Midwest have pulled back from the seasonal highs reported in February. Motor group AAA reported Monday that U.S. commuters paid, on average, $3.69 for a gallon of regular unleaded gasoline, just over 1 percent less than they paid last week. For some markets, that's the first time gasoline prices have declined this year. A series of refinery issues, coupled with higher oil prices, left some motorists in February paying the highest they've ever paid seasonally for a gallon of regular unleaded gasoline. By the end of February, some drivers in the Midwest were paying nearly $4 per gallon on average, sparking congressional debate over the impact of speculation in the energy market. Given concerns over costs associated with healthcare, insurance and other issues not related directly to energy, it's curious why there aren't hearings when prices begin to fall.

Dow Up Nine-In-A-Row On Lowest Volume Day Of YearSubmitted by Tyler Durden on 03/13/2013 - The Dow managed its ninth green close in a row - its best in 16 years - and obviously closed at all-time new highs. The Trannies were the real winner though as they are now up over 4% in March (considerably outperforming the rest of the major indices), and up 29% since mid-November (a 120% annualized return) with no more than a 2.5% retracement in that period. Four stocks dominated TRAN today JB Hunt, Alaska Air, CH Robinson, and Ryder accounting for half the index's gains. Volume was its lowest of the year (ex President's Day). Average trade size was low. On the week, financials and energy are the underperformers. Treasury yields spiked on retail sales, dropped on the auction and go out very modestly higher on the day but not confirming the equity exuberance again. FX markets also pointed to a less sanguine view of the world as the USD rallied and EURJPY (carry) provided little support. VIX held up for most of the day but collapsed into the close back under 12%. Commodities gave back earlier (weaker USD) gains to close at the lows of the day.

Santelli's Primer On The 'Miracle' Of Earnings ExpectationsSubmitted by Tyler Durden on 03/13/2013 - Our last discussion of the miracle of earnings expectations focused on the bottom-up hockey-stick that it seems the consensus believes is ahead (always out there in the future). Today's 'factual' and 'empirical' whiteboard lecture on the 'miracle' comes courtesy of CNBC's Rick Santelli, who appears as frustrated at his co-correspondents permabullishness (see Liesman's flip-flopping views on retail sales today) as the implicit disconnect between the market and fundamentals. To wit, the fact that expectations for GDP growth and earnings are so divergent. With earnings growth expected to be +14.7% this year and nominal GDP around +3-4%, Santelli asks his guest where nominal GDP 'normally' is for such strong earnings expectations - the answer 7.6% nominal GDP growth... reality discussion ensues...

Argentina's Jorge Mario Bergoglio Elected As Pope FrancisSubmitted by Tyler Durden on 03/13/2013 - A surprising pick for Pope, Argentina's 76 year old Jorge Mario Bergoglio, who was not among the front-runners, is now the Pope of the Catholic Church. His chosen name is Pope Francis. He is the first non-European pope since 741.

Major US CEOs' Outlook On Rising Jobs, CapEx Worst Since Early 2010Submitted by Tyler Durden on 03/13/2013 - Despite the plethora of propagandist panderings, the reality of the Business Roundtable (BRT - an association of chief executive officers of leading U.S. companies) findings are far less enthralling than the headlines might suggest. In fact, despite the protestation that their economic outlook ticked up - which as the chart below shows so evidently - is merely a reversion to the lows of 2011; the sad 'fact' is that expectations for higher Sales, CapEx, and Employment are as bad as they have been since early 2010. CapEx, the much-vaunted miracle driver of revenues this year, is below Q4 2009 levels of expectation. Even the BRT itself offers up the words 'moderate' when describing the changes and yet the mainstream media pounce on an uptick like cardinals to the new Pope. It appears that we will have to wait another quarter to see what the CEOs of the nations largest companies are really doing as their stocks soar to record highs.

Frontrunning: March 13 Submitted by Tyler Durden on 03/13/2013

More black smoke over Vatican: No decision on pope in second day (NBC)

PBOC Chief Says China Should Be on ‘High Alert’ on Inflation (BBG) - just as predicted last fall

California Seizes Guns as Owners Lose Right to Keep Arms (BBG)

U.S. Tax Cheats Picked Off After Adviser Mails It In (BBG)

In 2012, Samsung spent $401 million advertising its phones in the U.S. to Apple's $333 million (WSJ)

Coca-Cola probed over mapping in China (FT) - accused of ‘illegally collecting classified information’

Italy's Bond Sale Meets Tepid Demand (WSJ)

U.S. Steps Up Alarm Over Cyberattacks (WSJ)

Mugabe takes on Zimbabwe's Generation X (Reuters)

Mars Rover Finds Conditions Once May Have Supported Life (BBG)

Oil demand hit by China refinery outages (FT)

Big Sugar Is Set for a Sweet Bailout (WSJ) DOA to buy 400,000 tons of sugar to stave off a wave of defaults by sugar processors

Spectre of stagflation haunts UK (FT)

As Republicans seek identity, conclave highlights divisions (Reuters)

RANsquawk EU Market Re-Cap - 13th March 2013Submitted by RANSquawk Video on 03/13/2013

The Chart That Proves That The Mainstream Media Is Lying To You About Unemployment

http://albertpeia.com/mainstreammediasunemploymentlies.htm

Private Prisons: The More Americans They Put Behind Bars The More Money They Make

http://albertpeia.com/imprisonamerica.htm

11 Things That The Obama Administration Is Doing To Promote More Illegal Immigration

http://albertpeia.com/11thingsosdopromoteillegalimmigration.htm

From: "Adam Green, BoldProgressives.org" <info@boldprogressives.org>
To: Albert Peia <albert_peia@yahoo.com>
Albert...making sure you saw this. Watch Elizabeth Warren grill the bank regulators -- and join her in demanding that Wall Street be held accountable! -- Adam

This today from ZeroHedge.com {So much for their dollar debasing/inflationary/pro-paper-stock-price QE wall street welfare …

Foodstamp Recipients Hit Record, Alongside Record Dow Jones And Record Debt: 20% Of Eligible Americans On EBT Submitted by Tyler Durden on 03/11/2013 - Record Dow Jones, record US debt ($16,701,846,937,879.74), and now, once more, record number of Americans on foodstamps. According to the USDA, an all time high of 47,791,966 Americans closed 2012 in possession of the highly desired Electronic Benefits Transfer (EBT) card, managed by who else but JPMorgan. And with a civilian non-institutional population of 244.4 million in December, this means that a record 19.56% of eligible Americans are on Foodstamps.

As a matter of candor, the following will be among my posts this day:

Private Prisons: The More Americans They Put Behind Bars The More Money They Make

http://albertpeia.com/imprisonamerica.htm

‘How would you describe an industry that wants to put more Americans in prison and keep them there longer so that it can make more money? { How ‘bout putting them, ie., wall street frauds, mobsters, ie., trumps et als, among many others in prison because they belong there! } In America today, approximately 130,000 people are locked up in private prisons that are being run by for-profit companies, and that number is growing very rapidly.  Overall, the U.S. has approximately 25 percent of the entire global prison population even though it only has 5 percent of the total global population.  The United States has the highest incarceration rate on the entire globe by far, and no nation in the history of the world has ever locked up more of its own citizens than we have.  Are we really such a cesspool of filth and decay that we need to lock up so many of our own people? { Short answer, YES! } Or are there some other factors at work? { That too! } Could part of the problem be that we have allowed companies to lock up men and women in cages for profit?  The two largest private prison companies combined to bring in close to $3,000,000,000 in revenue in 2010, and the largest private prison companies have spent tens of millions of dollars on lobbying and campaign contributions over the past decade.  Putting Americans behind bars has become very big business, and those companies have been given a perverse incentive to push for even more Americans to be locked up.  It is a system that is absolutely teeming with corruption, and it is going to get a lot worse unless someone does something about it { There is no question but that america is pervasively corrupt, and the vast majority inherently criminal! Eric Holder: Some Banks Are So Large That It Is Difficult For Us To Prosecute Them Submitted by Tyler Durden on 03/06/2013 - { Come on! That’s ridiculous and a bald-faced cowardly lie! First, you prosecute the individuals, not necessarily the employing corporation. Sure, there may be derivative liability (pun intended); but, that’s surely no reason not to prosecute. After all, there is a whole history of prosecution of such ‘combines’ of criminality, to america’s growth and betterment as a consequence thereof. Quite simply, it’s the familiar and now pervasive story of plain old american corruption. I mean, come on … from my own direct observation and experience, trump, a corrupt judge here and there, have no such dire, humongous impact on the economy. Rather, it’s the precise opposite that is true; not only from the confidence and salutary expectations created from prosecutions of such ilk; but as well, from the proper allocations of resources created by such prosecutions (crime should never pay, but in america it now does and well at that; and just look at the results in america’s significant decline! That’s just typical, self-serving, lazy jivetalking b***s***!) … Bill Gross Gets It { Gets what? Why is this surprising? With $4 trillion gone missing (still) at the ny fed, americans should not trust the ny fed. Germany’s move is totally rational (A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm ). How can anyone trust fraudulent, thieving americans with their money or gold, particularly in the fraud capital of the world, new york city Michael Savage: Don't trust feds on flu shot...{ Or anything else, for that matter. Indeed, from my direct experience, the actions/inaction of the feds are geared toward making one reliant/dependent upon them (ie., food stamps, faux disability, unemployment comp extensions, ‘protection’ from rampant, blatant crime or not, etc., despite america’s defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence and venality. In fact, stepping back, I have seen first hand those siding with/benefiting from (and the encouraging of more crime), ie., RICO defendants et als, actually rewarded by the pervasively corrupt/defacto bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a combination of and tantamount to what is essentially hush money, bribes, etc.). Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless nation of marauders/thieves that no longer even remotely resembles what it purports to be and arguably once was. Replaying Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } While it is widely assumed that the too-big-to-fail banks in the US (and elsewhere) are beyond the criminal justice system - based on simple empirical fact - when the Attorney General of the United States openly admits to the fact that he is "concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them," since, "it will have a negative impact on the national economy, perhaps even the world economy," one has to stare open-mouthed at the state of our union. It appears, just as the proletariat assumed, that too-big-to-fail banks are indeed too-big-to-jail. The Government Has It Bass-Ackwards: Failing To Prosecute Criminal Fraud by the Big Banks Is Killing – NOT Saving – the Economy Posted by : George Washington Post date: 03/06/2013 - Failure to Prosecute Fraud Causes Economic Downturns Chief Justice John Roberts Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } … Bloomberg To Appeal Halt Of "Arbitrary And Capricious" Decision, Will Fight Valiantly To Curb New York Obesity Submitted by Tyler Durden on 03/11/2013 { You’d think with all the nation-draining crime and fraud in new york, ie., on wall street, mob/mobsters/mafia, trump et als, etc., dumbloomdoomberg would have many more important things to do beyond capriciously, arbitrarily micromanaging people’s soda intake, etc.. Such ineffectual incompetents use such to obfuscate and divert attention from their blatant failure… what next? 1 slice of pastrami instead of 3, 4 inch nathan’s hot dogs, 6 inch diameter pizzas, etc.? Ridiculous! }

The Last Laugh: Illinois Pension System Charged For Not Disclosing "Structural Underfunding"

Guest Post: In Just The Last Week In The Land Of The Free...

Submitted by Tyler Durden on 03/11/2013 - In just a week's time, the political elite in the Land of the Free gave us bills which:

ensure the government cannot assassinate its own citizens with drones

impose price controls with insurance premiums

award the government with more power to initiate biosurveillance operations

create a quota system in the labor market

It really makes me wonder... how much more will it take for people to notice how rapidly they're losing freedom, or how destructive the political leadership is?

Sense And Nonsense Submitted by Tyler Durden on 03/11/2013 - “‘Devaluing a currency,’ one senior Federal Reserve official once told me, ‘is like peeing in bed. It feels good at first, but pretty soon it becomes a real mess.’”—Francesco Guerrera, The Wall Street Journal, 4 Feb 2013.

Stocks Are At New Highs… But We’re All Poorer For It

http://albertpeia.com/stockshighsfromcurrencyprintingbutwearepoorerandcrashcoming.htm

Should You Move To Another Country To Escape The Collapse Of America? 10 Questions To Ask Yourself First

http://albertpeia.com/10questionsshouldyouescapefromamerica.htm

Are Stocks Cheap? Submitted by Tyler Durden on 03/07/2013 Each and every day, we are bombarded by a never-ending series of asset-gatherers whose sole aim in life is to convince investors to put more money to work. Whether it is because 'we are climbing a wall of worry', whether 'long-term' equity investors always do well, whether the 'cash on the sidelines' is coming out (note - remember there is a seller for every buyer and a buyer for every seller); the most frequently proposed reason for buying stocks is 'because they are cheap'. No matter where they are trading - high or low - they are cheap. Well, in an attempt to suggest otherwise - or at least provide fact rather than accepted wisdom, the following two charts from Morgan Stanley's Adam Parker provide the reality that, in fact, stocks are not cheap - and given where rates are, they are in fact expensive. Empirical fact not fiction.

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

3-12-13

Kyle Bass Warns "The 'AIG' Of The World Is Back"Submitted by Tyler Durden on 03/12/2013 - Kyle Bass, addressing Chicago Booth's Initiative on Global Markets last week, clarified his thesis on Japan in great detail, but it was the Q&A that has roused great concern. "The AIG of the world is back - I have 27 year old kids selling me one-year jump risk on Japan for less than 1bp - $5bn at a time... and it is happening in size." As he explains, the regulatory capital hit for the bank is zero (hence as great a return on capital as one can imagine) and "if the bell tolls at the end of the year, the 27-year-old kid gets a bonus... and if he blows the bank to smithereens, ugh, he got a paycheck all year." Critically, the bank that he bought the 'cheap options' from recently called to ask if he would close the position - "that happened to me before," he warns, "in 2007 right before mortgages cracked." His single best investment idea for the next ten years is, "Sell JPY, Buy Gold, and go to sleep," as he warns of the current situation in markets, "we are right back there! The brevity of financial memory is about two years."

Guest Post: China’s Military Development, Beyond the NumbersSubmitted by Tyler Durden on 03/12/2013 - Given China’s rapid rise in all aspects of national power, as well as its reluctance to release specific details about many important aspects of its military spending, its annual budget announcement rightly attracts worldwide attention. Last week, China revealed its projected 2013 official defense budget: 720.2 billion yuan (roughly $US114 billion), a figure that continues a trend of nominal double-digit spending since 1989 (the lone exception: 2010). Although China’s limited transparency about specific defense budget line items matters, it shouldn’t distract observers from seeing the bigger picture concerning China’s military development: The People’s Liberation Army (PLA) increasingly has the resources, capabilities, and confidence to attempt to assert China’s interests on its contested periphery, particularly in the Near Seas (Yellow, East, and South China Seas). This development has the potential to seriously challenge the interests of the U.S., its allies, and other partners in the region, as well as access to and security of a vital portion of the global commons—waters and airspace that all nations rely on for prosperity, yet which none own. That’s why the PLA’s development matters so much to a Washington located halfway around the world.

Bitcoin 'Glitch' Sparks 23% Flash CrashSubmitted by Tyler Durden on 03/12/2013 - While we are used to seeing insta-crashes in our highly-regulated and trustworthy equity markets, the unregulated digital world of Bitcoins suffered another flash-crash last night. According to Ars Technica, the 23% plungefest in the value of the digital currency (the second in a week) was due not to Waddel & Reed, not HFT algos, but 'forking' Cryptographic algos gone wild agreeing on different (legacy) keys as being correct - akin to finding Tungsten in your Gold bars (and hence the drop in the value). This latest glitch is different from the problem that caused Bitcoin prices to briefly crash to zero in June of 2011. In that case, the sell-off was caused by the compromise of the exchange itself, whereas this time the glitch occurred in the core Bitcoin software. Obviously, the incident will be another important test of the cryptocurrency's decentralized governance structure - to say nothing of its reputation among the less technically-capable owners and miners (even though BTC rapidly recovered almost all its losses).

Hot And Cold Weather Caused Dick's Revenue ShrinkageSubmitted by Tyler Durden on 03/12/2013 - Water is wet. Sky is blue. Spring follows Winter. All things we hold as true and yet, it appears the last of these has managed to foil the best laid plans of Dick's Sporting Goods amid their dismal earnings call. The company at once blamed 'warmer weather' than expected for shrinkage in its outerwear sales and because "it didn't look like Winter was going to come," the firm then blamed excessively cold weather and its lack of outerwear inventory to meet those needs. Just as the firm said, "we're not as smart as we look," as it appears that unless we get Goldilocks perfection year-round, retail sales are all but a pure guess on meteorological mysticism.

When HFT Steals Liquidity - Exploratory Trading In The eMiniSubmitted by Tyler Durden on 03/12/2013 - On November 12, 2012,  Adam D. Clark-Joseph published Exploratory Trading, which analyzes CFTC audit level trading data in the eMini S&P 500 futures market. This is a special, "regulators-only" data-set that contains all orders and trades, and each order and trade has a trader identifier. What this paper exposes is astounding. Nanex notes that the top HFTs probe the market by aggressively pinging order books and then analyzing market reaction: a practice that allows them to get a private glimpse of the "true" supply and demand at the expense of everyone else. Once the market direction is ascertained, these HFT aggressively remove liquidity, causing an immediate market move. Since the eMini is heavily arbitraged by SPY (which in turn is arbitraged by its many components and options), these sudden moves in the eMini will set off waves of overwhelming message traffic as traders and algos react and reprice thousands of instruments in milliseconds.

Guest Post: Boeing Declares War on Privacy in Washington StateSubmitted by Tyler Durden on 03/12/2013 -Washington state has led the way in many respects when it comes to the drone issue, something we highlighted recently in my article: Just Say NO: Seattle Residents Kill the City’s Drone Program.  It’s not just Seattle though, there is a bi-partisan bill in the Washington state legislature, H.B. 1771, which limits drone use within the entire state.  The bill has already passed its House Committee hearing and, as expected, the state’s corporate overlords have started to fight back.  Specifically, Boeing.

With Twinkies Set To Return, Ebay "Collectible" Buyers Get Harsh Lesson In US Bankruptcy LawSubmitted by Tyler Durden on 03/12/2013 -Remember when greed-stricken Capitalist eBay'ers bid a single-Twinkie up to $8000.00? It appears our rather prescient note that they may regret not comprehending the US bankruptcy process was spot on as NBC News reports that the new owners of the Hostess Brand "look forward to having America's favorite snacks back on the shelf by this summer." The buying group, led by private equity shop Apollo Global, got news of their $410 million winning bid late last night. We suspect the re-establishment of these brands on store-shelves may cut the price a little from $8000 (or perhaps the all-knowing 'market' price signals that demand is there at that price?) - the question is - does eBay have a CFTC-equivalent that the winning Twinkie bidder can cry fat-finger to? Meanwhile, we wonder how long will it be before CNBC gets a visit from the friendly local bakers' union once again?

Which 'Patriotic' US Companies 'Invested' The Most Cash Overseas Last Year?Submitted by Tyler Durden on 03/12/2013 A Wall Street Journal analysis of 60 big U.S. companies found that, together, they parked a total of $166 billion offshore last year. That shielded more than 40% of their annual profits from U.S. taxes, though it left the money off-limits for paying dividends, buying back shares or making investments in the U.S. The 60 companies were chosen for the analysis because each of them had held at least $5 billion offshore in 2011. Within the group of 60 companies, WSJ found 10 that parked more earnings offshore last year than they generated for their bottom lines. The trend was most pronounced among the 26 technology and health-care companies. Not all of the earnings parked offshore are in cash. Some of the money is used to build plants and buy equipment overseas. Why? Apple said it held $40.4 billion in untaxed earnings outside the U.S. and estimated that it would owe $13.8 billion in tax if it brought that money back to the U.S. That is a 34% tax rate. Since foreign income taxes are creditable on U.S. taxes, that means Apple has paid less than 5% tax on those earnings to date.

Swirlogram Shows Slowdown Is HereSubmitted by Tyler Durden on 03/12/2013 - Despite the hopes and greed of the marginal greater fool algo lifting equity markets to highs, Goldman's business cycle 'swirlogram' has dropped notably into the 'Slowdown' phase after a brief 6-month trip into 'Expansion'. China growth risks remain the largest weight on investors' angst (Chinese IP growth and retail sales for the January/February period were sequentially weaker, and overall disappointing) as Euro and US risks have 'apparently' fallen in the last week or two.

Guest Post: Let's Stop Fooling Ourselves: Americans Can't Afford the FutureSubmitted by Tyler Durden on 03/12/2013 - The American spirit is rooted in the belief of a better tomorrow. Its success has been due to generations of men and women who toiled, through both hardship and boom times, to make that dream a reality. But at some point over the past several decades, that hope for a better tomorrow became an expectation. Or perhaps a perceived entitlement is more accurate. It became assumed that the future would be more prosperous than today, irrespective of the actual steps being taken in the here and now. And for a prolonged time – characterized by plentiful and cheap energy, accelerating globalization, technical innovation, and the financialization of the economy – it seemed like this assumption was a certain bet. But these wonderful tailwinds that America has been enjoying for so many decades are sputtering out. The forces of resource scarcity, debt saturation, price inflation, and physical limits will impact our way of life dramatically more going forward than living generations have experienced to date. And Americans, who had the luxury of abandoning savings and sacrifice for consumerism and credit financing, are on a collision course with that reality.

Chase.com Hacked?Submitted by Tyler Durdenon 03/12/2013

"Psychologically, We Closed Positive" - 8th All-Time High Dow Up-Day In A RowSubmitted by Tyler Durden on 03/12/2013 - Because all that matters is the Dow, as one intellectual giant noted - whether we close red or green "psychologically, we closed positive." Unfortunately, AAPL closed at its lows, Nasdaq -11 points, S&P 500 futures in the red perfectly balanced at their VWAP (which saw nothing but selling all day) for the fifth lowest volume day of the year (following yesterday's lowest volume day). The S&P stayed in its uptrend channel as the USD-Stocks correlation algos gave up today - as did the Treasury-Stocks algos. 10Y closed -3bps on the week (-6bps today). HY credit closed at its lows, VIX rose 0.75 vols today at 12.3% - leading stocks south, and while commodities pulled back off early spike highs, they are all in the green on the week (with gold just shy of $1600 intraday). While it is of little import as the sixth consecutive all-time Dow highs is all that counts for the headlines this evening, we would note that we haven't seen such weakness in AAPL and selling pressure at VWAP in S&P 500 futures for a while (and that was with a 19/30, $650 to the sell side MOC in the DJIA).

BHP's CEO On The Disconnect Between Reality And MarketsSubmitted by Tyler Durden on 03/12/2013 - "...we've had volatile times and I think while the world has on balance, poured a lot more into equities; the reality is that the underlying situation in the world has probably not changed as much as the equity markets reflect."Marius J. Kloppers, CEO BHP Billiton

The 14 Steps From Credit Expansion To Speculative BustSubmitted by Tyler Durden on 03/12/2013 - The key point being made in The Global Endgame is that the entire global economy is in the final stages of the "winter" cycle of credit destruction and collapse of phantom collateral. The key dynamics here are debt saturation and diminishing returns: piling on more debt (i.e. borrowing more money) to stimulate spending only leads to fantastic excesses of speculation and mal-investment: $70,000 biopsies, $200 million fighter aircraft, $200,000 bachelor's degrees, McMansions in the middle of nowhere, and so on. The central banks are attempting to nullify the cycle of credit expansion and destruction by buying much of the sovereign debt being issued by profligate, hopelessly insolvent governments. Is pushing consequence forward the same as eliminating consequence? We will find out at some point in the near future.

Surge In Trading Leverage Triggers Bank Of America Contrarian Sell SignalSubmitted by Tyler Durden on 03/12/2013 - Leverage, as measured by NYSE Margin Debt, rose a huge 31.6% year-on-year (YOY) and 10.2% month-over-month (MOM) to $364bn in January, compared to the July 2007 peak of $381bn. Net Free Credits at -$77.2mm (essentially cash balances in margin accounts) have plunged to levels (and at a rate) that BofAML believes generates a sell signal and typically result in market correction. The last time a (2-standard-deviation) sell signal like this was generated was on April 2010 and the S&P 500 subsequently corrected by 16% in two months. While the US equity market has not responded to at or near overbought or contrarian bearish sentiment levels very recently (remaining overbought for weeks) BofAML also notes a tactical sell signal was just triggered that is similar to those from September 14 and April 27, 2012 – both preceded market pullbacks.

Frontrunning: March 12

Submitted by Tyler Durden on 03/12/2013 - 07:35

Cardinals head to conclave to elect pope for troubled Church (Reuters)

Hyperinflation 'Unthinkable' Even With Bold Easing: Abe (Nikkei)

Ryan Plan Revives '12 Election Issues (WSJ)

Italy 1-yr debt costs highest since Dec after downgrade (Reuters)

Republicans to unveil $4.6tn of cuts (FT) - Obama set to dismiss Ryan plan to balance budget within decade

CIA Ramps Up Role in Iraq (WSJ)

Hollande Hostility Fuels Charm Offensive to Show He’s No Sarkozy (BBG)

SEC testing customized punishments (Reuters)

Judge Cans Soda Ban  (WSJ)

Hungary Lawmakers Rebuff EU, U.S. (WSJ)

Even Berlusconi Can’t Slow Bulls Boosting Euro View (BBG) - luckily the consensus is never wrong

Funding for Lending ‘put on steroids’ (FT)

Investigators Narrow Focus in Dreamliner Probe (WSJ)

With new group, Obama team seeks answer to Karl Rove (Reuters)

Who Benefits From the Fed?

David Howden | Banking sector has benefited from Fed operations.

Private Prisons: The More Americans They Put Behind Bars The More Money They Make

Economic Collapse | How would you describe an industry that wants to put more Americans in prison and keep them there longer so that it can make more money?

The Chart That Proves That The Mainstream Media Is Lying To You About Unemployment

Economic Collapse | The mainstream media is absolutely giddy that the U.S. unemployment rate has hit a “four-year low” of 7.7 percent.

Bernanke’s False Recovery

Bullion Vault | Loose monetary policy has weakened, not strengthened, the US economy…

Foodstamp Recipients Hit Record, Alongside Record Dow Jones And Record Debt: 20% Of Eligible Americans On EBT

Zero Hedge | Record Dow Jones, record US debt ($16,701,846,937,879.74), and now, once more, record number of Americans on foodstamps.

Who Spends The Most Dollars Lobbying Washington, DC?

Zero Hedge | Oil? Financials? Aerospace? When someone asks who the biggest sources of lobby dollars for DC’s politicians-for-purchase are, these are the three usual suspects that come to mind.

The Maddening Financial Times: Inflation Is Our God and Bernanke is His Holy Prophet

Lew Rockwell Blog | Henry Hazlitt absolutely was correct when he wrote in Economics in One Lesson that every generation must learn anew the harsh lessons of seeking the inflation “cure.”

Marketwatch The worst reputations These 10 companies hit the bottom in ratings based on a Harris survey.

Marketwatch Dow 36,000? Try 6,300 David Weidner

The Chart That Proves That The Mainstream Media Is Lying To You About Unemployment

http://albertpeia.com/mainstreammediasunemploymentlies.htm

Private Prisons: The More Americans They Put Behind Bars The More Money They Make

http://albertpeia.com/imprisonamerica.htm

11 Things That The Obama Administration Is Doing To Promote More Illegal Immigration

http://albertpeia.com/11thingsosdopromoteillegalimmigration.htm

From: "Adam Green, BoldProgressives.org" <info@boldprogressives.org>
To: Albert Peia <albert_peia@yahoo.com>
Albert...making sure you saw this. Watch Elizabeth Warren grill the bank regulators -- and join her in demanding that Wall Street be held accountable! -- Adam

This today from ZeroHedge.com {So much for their dollar debasing/inflationary/pro-paper-stock-price QE wall street welfare …

Foodstamp Recipients Hit Record, Alongside Record Dow Jones And Record Debt: 20% Of Eligible Americans On EBT Submitted by Tyler Durden on 03/11/2013 - Record Dow Jones, record US debt ($16,701,846,937,879.74), and now, once more, record number of Americans on foodstamps. According to the USDA, an all time high of 47,791,966 Americans closed 2012 in possession of the highly desired Electronic Benefits Transfer (EBT) card, managed by who else but JPMorgan. And with a civilian non-institutional population of 244.4 million in December, this means that a record 19.56% of eligible Americans are on Foodstamps.

As a matter of candor, the following will be among my posts this day:

Private Prisons: The More Americans They Put Behind Bars The More Money They Make

http://albertpeia.com/imprisonamerica.htm

‘How would you describe an industry that wants to put more Americans in prison and keep them there longer so that it can make more money? { How ‘bout putting them, ie., wall street frauds, mobsters, ie., trumps et als, among many others in prison because they belong there! } In America today, approximately 130,000 people are locked up in private prisons that are being run by for-profit companies, and that number is growing very rapidly.  Overall, the U.S. has approximately 25 percent of the entire global prison population even though it only has 5 percent of the total global population.  The United States has the highest incarceration rate on the entire globe by far, and no nation in the history of the world has ever locked up more of its own citizens than we have.  Are we really such a cesspool of filth and decay that we need to lock up so many of our own people? { Short answer, YES! } Or are there some other factors at work? { That too! } Could part of the problem be that we have allowed companies to lock up men and women in cages for profit?  The two largest private prison companies combined to bring in close to $3,000,000,000 in revenue in 2010, and the largest private prison companies have spent tens of millions of dollars on lobbying and campaign contributions over the past decade.  Putting Americans behind bars has become very big business, and those companies have been given a perverse incentive to push for even more Americans to be locked up.  It is a system that is absolutely teeming with corruption, and it is going to get a lot worse unless someone does something about it { There is no question but that america is pervasively corrupt, and the vast majority inherently criminal! Eric Holder: Some Banks Are So Large That It Is Difficult For Us To Prosecute Them Submitted by Tyler Durden on 03/06/2013 - { Come on! That’s ridiculous and a bald-faced cowardly lie! First, you prosecute the individuals, not necessarily the employing corporation. Sure, there may be derivative liability (pun intended); but, that’s surely no reason not to prosecute. After all, there is a whole history of prosecution of such ‘combines’ of criminality, to america’s growth and betterment as a consequence thereof. Quite simply, it’s the familiar and now pervasive story of plain old american corruption. I mean, come on … from my own direct observation and experience, trump, a corrupt judge here and there, have no such dire, humongous impact on the economy. Rather, it’s the precise opposite that is true; not only from the confidence and salutary expectations created from prosecutions of such ilk; but as well, from the proper allocations of resources created by such prosecutions (crime should never pay, but in america it now does and well at that; and just look at the results in america’s significant decline! That’s just typical, self-serving, lazy jivetalking b***s***!) … Bill Gross Gets It { Gets what? Why is this surprising? With $4 trillion gone missing (still) at the ny fed, americans should not trust the ny fed. Germany’s move is totally rational (A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm ). How can anyone trust fraudulent, thieving americans with their money or gold, particularly in the fraud capital of the world, new york city Michael Savage: Don't trust feds on flu shot...{ Or anything else, for that matter. Indeed, from my direct experience, the actions/inaction of the feds are geared toward making one reliant/dependent upon them (ie., food stamps, faux disability, unemployment comp extensions, ‘protection’ from rampant, blatant crime or not, etc., despite america’s defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence and venality. In fact, stepping back, I have seen first hand those siding with/benefiting from (and the encouraging of more crime), ie., RICO defendants et als, actually rewarded by the pervasively corrupt/defacto bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a combination of and tantamount to what is essentially hush money, bribes, etc.). Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless nation of marauders/thieves that no longer even remotely resembles what it purports to be and arguably once was. Replaying Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } While it is widely assumed that the too-big-to-fail banks in the US (and elsewhere) are beyond the criminal justice system - based on simple empirical fact - when the Attorney General of the United States openly admits to the fact that he is "concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them," since, "it will have a negative impact on the national economy, perhaps even the world economy," one has to stare open-mouthed at the state of our union. It appears, just as the proletariat assumed, that too-big-to-fail banks are indeed too-big-to-jail. The Government Has It Bass-Ackwards: Failing To Prosecute Criminal Fraud by the Big Banks Is Killing – NOT Saving – the Economy Posted by : George Washington Post date: 03/06/2013 - Failure to Prosecute Fraud Causes Economic Downturns Chief Justice John Roberts Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } … Bloomberg To Appeal Halt Of "Arbitrary And Capricious" Decision, Will Fight Valiantly To Curb New York Obesity Submitted by Tyler Durden on 03/11/2013 { You’d think with all the nation-draining crime and fraud in new york, ie., on wall street, mob/mobsters/mafia, trump et als, etc., dumbloomdoomberg would have many more important things to do beyond capriciously, arbitrarily micromanaging people’s soda intake, etc.. Such ineffectual incompetents use such to obfuscate and divert attention from their blatant failure… what next? 1 slice of pastrami instead of 3, 4 inch nathan’s hot dogs, 6 inch diameter pizzas, etc.? Ridiculous! }

The Last Laugh: Illinois Pension System Charged For Not Disclosing "Structural Underfunding"

Guest Post: In Just The Last Week In The Land Of The Free...

Submitted by Tyler Durden on 03/11/2013 - In just a week's time, the political elite in the Land of the Free gave us bills which:

ensure the government cannot assassinate its own citizens with drones

impose price controls with insurance premiums

award the government with more power to initiate biosurveillance operations

create a quota system in the labor market

It really makes me wonder... how much more will it take for people to notice how rapidly they're losing freedom, or how destructive the political leadership is?

Sense And Nonsense Submitted by Tyler Durden on 03/11/2013 - “‘Devaluing a currency,’ one senior Federal Reserve official once told me, ‘is like peeing in bed. It feels good at first, but pretty soon it becomes a real mess.’”—Francesco Guerrera, The Wall Street Journal, 4 Feb 2013.

Stocks Are At New Highs… But We’re All Poorer For It

http://albertpeia.com/stockshighsfromcurrencyprintingbutwearepoorerandcrashcoming.htm

Should You Move To Another Country To Escape The Collapse Of America? 10 Questions To Ask Yourself First

http://albertpeia.com/10questionsshouldyouescapefromamerica.htm

Are Stocks Cheap? Submitted by Tyler Durden on 03/07/2013 Each and every day, we are bombarded by a never-ending series of asset-gatherers whose sole aim in life is to convince investors to put more money to work. Whether it is because 'we are climbing a wall of worry', whether 'long-term' equity investors always do well, whether the 'cash on the sidelines' is coming out (note - remember there is a seller for every buyer and a buyer for every seller); the most frequently proposed reason for buying stocks is 'because they are cheap'. No matter where they are trading - high or low - they are cheap. Well, in an attempt to suggest otherwise - or at least provide fact rather than accepted wisdom, the following two charts from Morgan Stanley's Adam Parker provide the reality that, in fact, stocks are not cheap - and given where rates are, they are in fact expensive. Empirical fact not fiction.

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

3-11-13

The Chart That Proves That The Mainstream Media Is Lying To You About Unemployment

http://theeconomiccollapseblog.com

http://albertpeia.com/mainstreammediasunemploymentlies.htm

Private Prisons: The More Americans They Put Behind Bars The More Money They Make

http://theeconomiccollapseblog.com

http://albertpeia.com/imprisonamerica.htm

11 Things That The Obama Administration Is Doing To Promote More Illegal Immigration

http://endoftheamericandream.com

http://albertpeia.com/11thingsosdopromoteillegalimmigration.htm

From: "Adam Green, BoldProgressives.org" <info@boldprogressives.org>
To: Albert Peia <albert_peia@yahoo.com>
Albert...making sure you saw this. Watch Elizabeth Warren grill the bank regulators -- and join her in demanding that Wall Street be held accountable! -- Adam

This today from ZeroHedge.com {So much for their dollar debasing/inflationary/pro-paper-stock-price QE wall street welfare …

Foodstamp Recipients Hit Record, Alongside Record Dow Jones And Record Debt: 20% Of Eligible Americans On EBT Submitted by Tyler Durden on 03/11/2013 - Record Dow Jones, record US debt ($16,701,846,937,879.74), and now, once more, record number of Americans on foodstamps. According to the USDA, an all time high of 47,791,966 Americans closed 2012 in possession of the highly desired Electronic Benefits Transfer (EBT) card, managed by who else but JPMorgan. And with a civilian non-institutional population of 244.4 million in December, this means that a record 19.56% of eligible Americans are on Foodstamps.

As a matter of candor, the following will be among my posts this day:

Private Prisons: The More Americans They Put Behind Bars The More Money They Make

http://theeconomiccollapseblog.com

http://albertpeia.com/imprisonamerica.htm

‘How would you describe an industry that wants to put more Americans in prison and keep them there longer so that it can make more money? { How ‘bout putting them, ie., wall street frauds, mobsters, ie., trumps et als, among many others in prison because they belong there! } In America today, approximately 130,000 people are locked up in private prisons that are being run by for-profit companies, and that number is growing very rapidly.  Overall, the U.S. has approximately 25 percent of the entire global prison population even though it only has 5 percent of the total global population.  The United States has the highest incarceration rate on the entire globe by far, and no nation in the history of the world has ever locked up more of its own citizens than we have.  Are we really such a cesspool of filth and decay that we need to lock up so many of our own people? { Short answer, YES! } Or are there some other factors at work? { That too! } Could part of the problem be that we have allowed companies to lock up men and women in cages for profit?  The two largest private prison companies combined to bring in close to $3,000,000,000 in revenue in 2010, and the largest private prison companies have spent tens of millions of dollars on lobbying and campaign contributions over the past decade.  Putting Americans behind bars has become very big business, and those companies have been given a perverse incentive to push for even more Americans to be locked up.  It is a system that is absolutely teeming with corruption, and it is going to get a lot worse unless someone does something about it { There is no question but that america is pervasively corrupt, and the vast majority inherently criminal! Eric Holder: Some Banks Are So Large That It Is Difficult For Us To Prosecute Them Submitted by Tyler Durden on 03/06/2013 - { Come on! That’s ridiculous and a bald-faced cowardly lie! First, you prosecute the individuals, not necessarily the employing corporation. Sure, there may be derivative liability (pun intended); but, that’s surely no reason not to prosecute. After all, there is a whole history of prosecution of such ‘combines’ of criminality, to america’s growth and betterment as a consequence thereof. Quite simply, it’s the familiar and now pervasive story of plain old american corruption. I mean, come on … from my own direct observation and experience, trump, a corrupt judge here and there, have no such dire, humongous impact on the economy. Rather, it’s the precise opposite that is true; not only from the confidence and salutary expectations created from prosecutions of such ilk; but as well, from the proper allocations of resources created by such prosecutions (crime should never pay, but in america it now does and well at that; and just look at the results in america’s significant decline! That’s just typical, self-serving, lazy jivetalking b***s***!) … Bill Gross Gets It { Gets what? Why is this surprising? With $4 trillion gone missing (still) at the ny fed, americans should not trust the ny fed. Germany’s move is totally rational (A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm ). How can anyone trust fraudulent, thieving americans with their money or gold, particularly in the fraud capital of the world, new york city Michael Savage: Don't trust feds on flu shot...{ Or anything else, for that matter. Indeed, from my direct experience, the actions/inaction of the feds are geared toward making one reliant/dependent upon them (ie., food stamps, faux disability, unemployment comp extensions, ‘protection’ from rampant, blatant crime or not, etc., despite america’s defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence and venality. In fact, stepping back, I have seen first hand those siding with/benefiting from (and the encouraging of more crime), ie., RICO defendants et als, actually rewarded by the pervasively corrupt/defacto bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a combination of and tantamount to what is essentially hush money, bribes, etc.). Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless nation of marauders/thieves that no longer even remotely resembles what it purports to be and arguably once was. Replaying Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } While it is widely assumed that the too-big-to-fail banks in the US (and elsewhere) are beyond the criminal justice system - based on simple empirical fact - when the Attorney General of the United States openly admits to the fact that he is "concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them," since, "it will have a negative impact on the national economy, perhaps even the world economy," one has to stare open-mouthed at the state of our union. It appears, just as the proletariat assumed, that too-big-to-fail banks are indeed too-big-to-jail. The Government Has It Bass-Ackwards: Failing To Prosecute Criminal Fraud by the Big Banks Is Killing – NOT Saving – the Economy Posted by : George Washington Post date: 03/06/2013 - Failure to Prosecute Fraud Causes Economic Downturns Chief Justice John Roberts Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } … Bloomberg To Appeal Halt Of "Arbitrary And Capricious" Decision, Will Fight Valiantly To Curb New York Obesity Submitted by Tyler Durden on 03/11/2013 { You’d think with all the nation-draining crime and fraud in new york, ie., on wall street, mob/mobsters/mafia, trump et als, etc., dumbloomdoomberg would have many more important things to do beyond capriciously, arbitrarily micromanaging people’s soda intake, etc.. Such ineffectual incompetents use such to obfuscate and divert attention from their blatant failure… what next? 1 slice of pastrami instead of 3, 4 inch nathan’s hot dogs, 6 inch diameter pizzas, etc.? Ridiculous! }

The Last Laugh: Illinois Pension System Charged For Not Disclosing "Structural Underfunding"Submitted by Tyler Durden on 03/11/2013 - The topic of Illinois' various insolvent pension systems is not news to regular Zero Hedge readers. One needs but to recall our articles from mid/late 2010: "61% Underfunded Illinois Teachers Pension Fund Goes For Broke, Becomes Next AIG-In-Waiting By Selling Billions In CDS", "Illinois' Pension Fund Death Spiral Revisited: "10 Years Of Money Left" or "Illinois Teachers' Retirement System Enters The Death Spiral: AIG Wannabe's Go-For-Broke Strategy Fails As Pension Fund Begins Liquidations" in which we clearly explained how the state's teachers pension fund was systematically doing everything in its power to mask its massive underfunding, and the fact that it was rapidly running out of money. The retiremnet fund, in turn, took things very personally, prompting Dave Urbanek, Public Information Officer at the Teachers’ Retirement System of the State of Illinois (TRS), to write an impassioned response to Zero Hedge denying all allegations. Today, over two years after the above news, the SEC finally concluded their analysis of one part of the massively underfunded Illinois Pension system and found the Illinois failed to inform investors about the impact of problems with its pension funding schedule as the state offered and sold more than $2.2 billion worth of municipal bonds from 2005 to early 2009. The SEC also said Illinois failed to disclose that it had underfunded the state's pension obligations, increasing the risk to its overall financial condition.

Bank Of Japan May Buy Derivatives Next Submitted by Tyler Durden on 03/11/2013 - Because having legal authority to buy corporate bonds, ETFs and REITs, in addition to everything else the Fed now buys, is apparently not enough to crush, mangle and suicide its currency, the BOJ is now considering adding yet another "asset" to its cocktail of eligible securities for purchase: those which Buffett once declared weapons of mass financial destruction - derivatives.

Behold The VIX SplattergramSubmitted by Tyler Durden on 03/11/2013 Presenting the VIX. Or rather, highlighting the grotesque and blatant last second "banging the close" of the VIX. Thank you Simon Potter and your protege, Kevin Henry, for providing countless hours of sideline entertainment, and lamentation for what was once a stock market.

No Volume Ramp Is Back On ScheduleSubmitted by Tyler Durden on 03/11/2013 When we summarized the overnight session just before 7 am, we titled it appropriately enough, "No Melt Up (Yet) In Boring Overnight Trading." Little did we know, actually scratch that - we knew full well that moments later the ramp would make its now daily reappearance. Because if it weren't for the 7th straight day of no volume, no news levitation, someone, somewhere may have gotten the impression that the market is desperately manipulated and artificial, and that if it weren't for a constant ramp higher, confidence in authoritarian "markets" may disappear, and the retail investor may pull even more than was pulled last week, following a brief inflow in the market in early 2013.

Judge Halts Bloomberg's Sugar Drink Ban, Calls It Illegal, Arbitrary And CapriciousSubmitted by Tyler Durden on 03/11/2013 - Just hitting the tape ahead of tomorrow's scheduled hit of Bloomberg's ban on "large sugary drinks":

Judge invalidates New York City's ban on large sugary drinks; ban had been scheduled to take effect tomorrow.
Judge says sugar drink limit "illegal"
Judge finds ban to be arbitrary and capricious.

Has the time come to ban independently thinking judicial authorities who don't agree with multi-term Spanish-speaking authoritarians?

Who Spends The Most Dollars Lobbying Washington, DC?Submitted by Tyler Durden on 03/11/2013 - 15:01 Oil? Financials? Aerospace? When someone asks who the biggest sources of lobby dollars for DC's politicians-for-purchase are, these are the three usual suspects that come to mind. Some may, therefore, be surprised to learn according to the database kept by OpenSecrets between Pharmaceutical and health product industry, hospital and nursing homes, health professionals and health services, HMOs, or more broadly Pharma/Healthcare/HMO, the total lobby dollars spent between 1998 and 2012 was a staggering $5.3 billion, or nearly three times greater than the second most generous industry: insurance, and well above Oil and Gas at $1.4 billion, and Securities and Investment at $1.0 billion. Is it becoming clearer why the US government has few qualms about unsustainable taxpayer funded healthcare spending, especially when there are so many current benefits accruing to the politicians who see so many billions in benefits from passing lobby-friendly laws now (by which we mean generous taxpayer funding, the bulk of which benefits the healthcare industry's bottom line)? As for the costs: who cares - just dump them on future generations. It's not like anyone expects the $16.7 trillion in US debt to be ever repaid.

MVOLUSE INDEX GP <GO> ?

Submitted by Tyler Durden on 03/11/2013 Hello-ello-ello...

Guest Post: In Just The Last Week In The Land Of The Free...

Submitted by Tyler Durden on 03/11/2013 - In just a week's time, the political elite in the Land of the Free gave us bills which:

ensure the government cannot assassinate its own citizens with drones

impose price controls with insurance premiums

award the government with more power to initiate biosurveillance operations

create a quota system in the labor market

It really makes me wonder... how much more will it take for people to notice how rapidly they're losing freedom, or how destructive the political leadership is?

Sense And Nonsense Submitted by Tyler Durden on 03/11/2013 - “‘Devaluing a currency,’ one senior Federal Reserve official once told me, ‘is like peeing in bed. It feels good at first, but pretty soon it becomes a real mess.’”—Francesco Guerrera, The Wall Street Journal, 4 Feb 2013.

Stocks Are At New Highs… But We’re All Poorer For It

http://albertpeia.com/stockshighsfromcurrencyprintingbutwearepoorerandcrashcoming.htm

Should You Move To Another Country To Escape The Collapse Of America? 10 Questions To Ask Yourself First

http://albertpeia.com/10questionsshouldyouescapefromamerica.htm

Are Stocks Cheap? Submitted by Tyler Durden on 03/07/2013 Each and every day, we are bombarded by a never-ending series of asset-gatherers whose sole aim in life is to convince investors to put more money to work. Whether it is because 'we are climbing a wall of worry', whether 'long-term' equity investors always do well, whether the 'cash on the sidelines' is coming out (note - remember there is a seller for every buyer and a buyer for every seller); the most frequently proposed reason for buying stocks is 'because they are cheap'. No matter where they are trading - high or low - they are cheap. Well, in an attempt to suggest otherwise - or at least provide fact rather than accepted wisdom, the following two charts from Morgan Stanley's Adam Parker provide the reality that, in fact, stocks are not cheap - and given where rates are, they are in fact expensive. Empirical fact not fiction.

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

3-8-13

What A Difference For Jobs $1.2 Trillion In Debt Makes Submitted by Tyler Durden on 03/08/2013 - The media's ecstatic read through of today's Nonfarm payroll beat can barely end: after all, a print of 236k on expectations of 165K, why that has to be great. Well, it is. Until one looks to the number from February 2012, which happens to be 271,000. And even the Keynesian will agree that February follows January, which in 2013 was a downward revised 119K. January 2012? 311,000. In other words, the first two months of 2012 saw a 582,000 increase in non-farm payrolls. In 2013: 355,000. But something else happened between February 29, 2012 and February 28, 2013... Oh yes, the US government issued some $1,198,397,883,967.30 in debt. Oh, and the Fed monetized about half of this amount, and virtually all of the Treasurys issued to the right of the ZIRP period (i.e., risky debt). To summarize: $1.2 trillion in debt buys the US.... 61% of the jobs created a year ago.

Santelli: "Still Want That Hammer-And-Sickle On The Flag?"Submitted by Tyler Durden on 03/08/2013 Will we ever see 'reality' again? Judging by CNBC's Rick Santelli's one-sentence epic rant this morning of the centrally-planned farce that we are living through... Liesman: "Why would you normalize rates?" Santelli: "Are we really that far down the hole that normalizing rates after this tremendous number - the huge drop in the unemployment rate - that you guys still wanna have the hammer-and-sickle on the flag" the short answer, it appears, is 'No'. But perhaps it is Rick's seething anger in a second clip that exposes the reality of "the apologists" for the Fed and as he notes: "This whole thing is a Parlor Game and the country deserves better than Fed experimentation." Before you go home - watch these two clips (and listen)!

Barclays: "Equities Surge Masks Real Fragilities" Submitted by Tyler Durden on 03/08/2013 - The good news is that equity prices reached new highs in the US and UK this week, and have risen strongly worldwide this year. The bad news is that there’s not much other good news to report. Whatever the underpinnings of the equity rally, a stronger global growth outlook appears an unlikely explanation. Financial conditions remain exceptionally loose across the major advanced economies. The strong equity price gains seen this year might be taken to indicate a surge in confidence about global economic prospects. However, all is far from well with the world economy, a fact brought home by the observation that real interest rates in the major advanced economies are negative out to 10 years. Rather than reflecting confidence, loose financial conditions are being generated artificially by central banks in an attempt to buoy sentiment and encourage spending. The monetary palliatives are having the desired financial effects, but signs of success in the real economy remain patchy, and the prevailing headwinds are strong.

Every "Record" Dow Jones Point Costs $200 Million In Federal Debt Submitted by Tyler Durden on 03/08/2013 - The past week brought us history: on Tuesday, GETCO and Citadel's HFT algos were used by the Primary Dealers and the Fed to send the Dow Jones to all time highs, subsequently pushing it to new all time highs every single day of the week, and higher on 8 of the past 9 days: a 5ish sigma event. But there is never such a thing as a free lunch. And here is the invoice: in the past 5 days alone, total Federal Debt rose from$16.640 trillion to $16.701 trillion as of moments ago: an increase of $61 billion in five days, amounting to $198,697,068 for every of the 307 Dow Jones Industrial Average points "gained" this week. Because remember: US debt is the asset that allows the Fed to engage in monetization and as a result, hand over trillions in fungible reserves to banks... mostly foreign banks.

One Word: "Brea(d)thless" Submitted by Tyler Durden on 03/08/2013 - Another Friday, another green close (now ten in a row) as Treasuries suffer their biggest weekly yield rise in a year. Another new-er-er all-time nominal high for the Dow but Nasdaq was the winner on the week (+2.7%) against a cluster of the rest at +2.4%. Volume was sub-par at best, trade-size low, and market breadth diverged bearishly but that didn't matter. Financials, Consumer Discretionary (and builders) were the sectoral winners up around 4%. Away from stocks, things are moving quite seriously: the USD is up for 5 weeks in a row - its biggest 5-week run in 9 months (and highest in 9 months); WTI crude outperformed in commodities (despite the USD strength) back up to 6-week highs; JPY had its worst (which is good apparently) week in 23 months losing 2.5% against the USD back to almost 4-year lows; Silver and Gold had their best (and only positive) week in 5 weeks. Credit markets (like TSYs) played catch up and snapped tighter on the week (even though HYG tended to underperform). VIX did drift lower (-0.5 vols to 12.5%) but remains well north of where stocks would expect. The much-vaunted late-day ramp came as usual and lifted all the indices to their opening (post-NFP spike) highs. As a gentle reminder, the Dow is up 613 points in 9 days - that is all.

Reality Check: The Dow Jones Industrial Average Vs. Bananas Submitted by Tyler Durden on 03/08/2013 - 15:38 The Dow Jones Industrial Average, one of the key benchmarks of the US stock market, has soundly surpassed its all-time high. And most of the investing world is toasting their collective success and celebrating the recovery. It’s a funny thing, really. Most investors only think in terms of ‘nominal’ numbers, i.e. Dow 14,000+ is 40% higher than Dow 10,000 (back in November 2009). But few think in terms of ‘real’ numbers... inflation-adjusted averages. Everyone knows that inflation exists. We can all look back on prices from the past and realize instantly how much more expensive things have become. Conversely, though, most people don’t think about the stock market like this. The reality is, though, that when you adjust for inflation, the Dow is well below its highs from over a decade ago. We thought we’d put this into a bit of perspective...

Frontrunning: March 8

Submitted by Tyler Durden on 03/08/2013 - 07:23

Firms Send Record Cash Back to Investors (WSJ)

And in totally opposite news, from the same source: Firms Race to Raise Cash (WSJ)

China warns over fresh currency tensions (FT)

Hollande faces pressure over jobs pledge (FT)

Obama efforts renew ‘grand bargain’ hopes (FT)

Shirakawa BOJ Expansion Gets No Respect as Stocks Cheer Exit (BBG)

Japan’s Nakao Defends Easing as China’s Chen Expresses Concern (BBG)

Boeing Had Considered Battery Fire Nearly Impossible, Report Says (WSJ)

ECB Chief Plays Down Italy Fears (WSJ)

China moves to make its markets credible (FT)

Euro Group head says UK at risk of 'sterling crisis' (Telegraph)

Did the Department of Justice Really Say that the Government Would Not Assassinate Americans? Posted by: George Washington Post date: 03/08/2013 - Holder’s Letter Raises More Questions Than It Answers

Stocks Are At New Highs… But We’re All Poorer For It

http://albertpeia.com/stockshighsfromcurrencyprintingbutwearepoorerandcrashcoming.htm

Should You Move To Another Country To Escape The Collapse Of America? 10 Questions To Ask Yourself First

http://albertpeia.com/10questionsshouldyouescapefromamerica.htm

Are Stocks Cheap? Submitted by Tyler Durden on 03/07/2013 Each and every day, we are bombarded by a never-ending series of asset-gatherers whose sole aim in life is to convince investors to put more money to work. Whether it is because 'we are climbing a wall of worry', whether 'long-term' equity investors always do well, whether the 'cash on the sidelines' is coming out (note - remember there is a seller for every buyer and a buyer for every seller); the most frequently proposed reason for buying stocks is 'because they are cheap'. No matter where they are trading - high or low - they are cheap. Well, in an attempt to suggest otherwise - or at least provide fact rather than accepted wisdom, the following two charts from Morgan Stanley's Adam Parker provide the reality that, in fact, stocks are not cheap - and given where rates are, they are in fact expensive. Empirical fact not fiction.

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

3-7-13 Stocks Are At New Highs… But We’re All Poorer For It

March 7, 2013 http://gainspainscapital.com

http://albertpeia.com/stockshighsfromcurrencyprintingbutwearepoorerandcrashcoming.htm

Should You Move To Another Country To Escape The Collapse Of America? 10 Questions To Ask Yourself First

http://theeconomiccollapseblog.com

http://albertpeia.com/10questionsshouldyouescapefromamerica.htm

Are Stocks Cheap? Submitted by Tyler Durden on 03/07/2013 Each and every day, we are bombarded by a never-ending series of asset-gatherers whose sole aim in life is to convince investors to put more money to work. Whether it is because 'we are climbing a wall of worry', whether 'long-term' equity investors always do well, whether the 'cash on the sidelines' is coming out (note - remember there is a seller for every buyer and a buyer for every seller); the most frequently proposed reason for buying stocks is 'because they are cheap'. No matter where they are trading - high or low - they are cheap. Well, in an attempt to suggest otherwise - or at least provide fact rather than accepted wisdom, the following two charts from Morgan Stanley's Adam Parker provide the reality that, in fact, stocks are not cheap - and given where rates are, they are in fact expensive. Empirical fact not fiction.

Frontrunning: March 7

Submitted by Tyler Durden on 03/07/2013 - 07:25

French unemployment rises again to highest since 1999 (Reuters)

BoJ rejects call for monetary easing (FT)

North Korea threatens pre-emptive nuclear strike against US (Guardian)

Firms Race to Raise Cash (WSJ)

Time Warner Will Split From Magazine Unit in Third Spinoff (BBG) - slideshows, kittens, "all you need to knows" coming to Time

U.S. economy, world's engine, remains in "neutral": Fed's Fisher (Reuters)

BOE Keeps QE on Hold as Officials Weigh More Radical Measures (BBG)

Jobs start to go as US sequestration cuts in (FT)

BofA Times an Options Trade Well  (WSJ)

Congress Budget Cuts Damage U.S. Economy Without Aiding Outlook (BBG)

Dell’s Crafted LBO Pitch Gets Messy as Investors Circle (BBG)

Dell says Icahn opposes go-private deal (Reuters)

Portugal Rating Outlook Raised to Stable by S&P on Budget Plan (BBG)

China’s Richer-Than-Romney Lawmakers Reveal Reform Challenge (BBG)

Futures Ignore 13 Year High In French Unemployment, Tumble In German Factor Orders; Rise On Spanish Auction { And you know why? Because they are confident fraud, fake/falsified data has become literally standard practice in america and the accomplices in their unmistakable frauds have got their backs. } Submitted by Tyler Durden on 03/07/2013 - In today's overnight trading, it was all about Europe (and will be with today's BOE and ECB announcements), where things continue as they have for the past six months: when it is a problem that can be "solved" by throwing bucketloads of money, and/or guaranteeing all risk, things appear to be better, such as today's EUR5.03 billion Spanish bond auction (the 0.03 billion part being quite critical as otherwise how will the authorities indicate the pent up demand by the Spanish retirement fund and various other insolvent ECB-backstopped Spanish banks for Spanish debt). And while events that can be "fixed" with massive liquidity injections are doing better, those other events which rely on reality, and the transfer of liquidity into the real economy, are just getting worse and worse. Sure enough, today we also learned that French unemployment rate just hit a 13 year high. But it wasn't only the French economy that continued to slide into recession: Germany wasn't immune either following "surprising" news that German January Factory Orders tumbled -1.9% M/M on expectations of a 0.6% rise, down from a revised 1.1% in December. The great equalization in Europe continues, as the PIIGS, kept still on artificial life support do everything in their power to drag down the core.

How Many Billions Of Drug-Laundered Money Does It Take To Shut Down A Bank?

Submitted by Tyler Durden on 03/07/2013 - It's an odd question, we know - especially ahead of today's Stress Tests, but given today's testimony on assessing the bank secrecy act, apparent trouble-maker Elizabeth Warren pokes and prods (correctly we would add) at the surreality that exists between the Department of Justice, The Treasury, and the financial system. David Cohen, Tom Curry, and Jerome Powell dodged bullets and blame, "does that mean essentially we have a prosecution-free zone for large banks in America?" But Warren wasn't going to be fobbed off with useless banter as she pointed out, "if you're caught with an ounce of cocaine, the chances are good you're going to go to jail... for the rest of your life. But evidently, if you launder nearly a billion dollars for drug cartels and violate our international sanctions, your company pays a fine and you go home and sleep in your own bed at night - I think that's fundamentally wrong." Indeed Ms. Warren.

"The Entire West Is In The Yo-Year Years" Submitted by Tyler Durden on 03/07/2013 - ECRI's Lakshman Achuthan holds firm to his belief that "a recession started around the middle of last year" and even as he notes consensus expectations for payrolls tomorrow at 160-170k, "year-over-year payroll jobs growth will go to a 16-month low." In this Bloomberg TV interview, the embattled prognosticator explains how "the entire West is in the Yo-Yo years. They have all been having growth stair-stepping down. It is very weak growth with higher cycle-volatility which will give you more frequent recessions." Critically he notes, "Economies do not hang out at 0.5% or 1%. They do not get this low growth steady state muddle through recession-free kind of growth at 1%, which everybody seems to think might be possible. It is not possible. Free markets have economic cycles. they accelerate and they decelerate. if you are doing it at a very low growth rate, the odds of a slowdown going into recession are very high." Some excess truthiness in this brief clip.

Guest Post: North Korean "Insanity" Part of Geopolitical Game Submitted by Tyler Durden on 03/07/2013 -North Korean leader Kim Jong-un may be colorful, but he isn’t crazy. There is logic behind the intensified war rhetoric, and while it may be convenient for the American public to believe that they are about to be attacked unprovoked by the unhinged dictator of an eerily isolated country, the truth of the matter is that the US and its allies have been doing some offensive posturing that has Pyongyang very much on edge. Sending NBA hero Denis Rodman to Pyongyang to entertain Kim Jong-un - a die-hard basketball fan - was said to be a goodwill gesture from Washington. Clearly, Washington’s policy decisions are nearly as colorful as Pyongyang’s. Denis Rodman, oddly enough, is a tool (in the instrumental sense of the word). This is where it gets interesting.

Who Is Absent (For Now) From The Record High Party?Submitted by Tyler Durden on 03/07/2013 - Four years from the lows and with US risk assets melting up, BAML notes that at this rate the S&P 500 will end 2013 above 2013! The low growth, high liquidity environment has, however, only benefitted some asset classes. As the following table shows, there are a few markets that have a long way to go still...

Does This Look Like An "Adverse Scenario"?Submitted by Tyler Durden on 03/07/2013 - The chart below summarizes the "unprecedented" balance sheet and income statement "stress" that the Fed envisions would occur in its draconian "Adverse Case." Ok, we give up: we seriously don't get the joke here. Can someone please explain?

Surprise! All Banks Pass Stress Test (Except Ally) Submitted by Tyler Durden on 03/07/2013 - In a stunning headline-making moment of clarity, it appears that all the major financials that the Fed monitors (except GMAC Ally) will survive a cataclysmic, Lehman-like moment based on their self-determined analytics of their deeply illiquid off-balance-sheet assets (and a comprehensive understanding of the co-dependence of all those assets). As Bloomberg notes,

*FED SAYS 18 BANKS PROJECTED LOSSES WOULD BE $462B UNDER TEST
*FED SEES 17 BANKS' TIER 1 COMMON RATIO ABOVE 5% IN WORST CASE
*GMAC ALLY ONLY STRESS-TESTED BANK SEEN WITH TIER 1 COMMON BELOW 5%
*TESTS SCENARIO ASSUMES EQUITY PRICES DROP MORE THAN 50%, HOUSING PRICES DECLINE MORE THAN 20%

Is it any wonder that Government Motors wanted to IPO its GMAC/Ally business recently - with a 1.5% stressed Tier 1 ratio.

Trannies Tumble As Dow Hits New-er-er All-Time High

Submitted by Tyler Durden on 03/07/2013 - Low volume, check. VWAP-reversion-algo, check. Equities higher, check. Dow Theory confirmation that was so convincing when Dow Transports were rising? Umm, no. Trannies lost 0.6% today, underperforming the Industrials by 50bps in March now. Breadth was not confirming the gains either. Financials were the best performers - remember we warned yesterday what happened ahead of last year's CCAR. Treasuries had a poor day with yields popping 5bps but 10Y holding below 2.00% into the close. Silver and Oil recoupled on the week now both +1% as EUR strength was enough to offset JPY weakness and pull the USD lower and supportive of risk. VIX remains dislocated from stocks but fell 0.5 vols today ending the day just above 13%.

Federal Government Injects Near Record Amount In Student Loans In January As Consumer Credit RisesSubmitted by Tyler Durden on 03/07/2013 - Minutes ago the January Consumer Credit report was released. It was expected to post an increase of $14.7 billion. Instead it rose by $16.2 billion. On the surface this would be great: consumers are spending more, levering up confident in the future, etc, etc. Alas, as always in the New Normal, the story was below the surface. Specifically, of the $16.2 billion rise, a tiny $106 million was due to revolving, or discretionary spending credit card, debt. The balance, or 99% of the total, was non-revolving debt, best known as student loans, and less known as GM NINJA car loans. And here is the scary math: in the past 12 months, of the $153 billion in total consumer credit increase, just $6.4 billion was in revolving credit. The balance: student and car loans.

US Households Have Never Been More Reliant On The Stock Market For Their "Net Worth"Submitted by Tyler Durden on 03/07/2013 - When it comes to assets, there are two kinds: hard, tangible assets such as real estate, equipment and durable goods, and then there are financial assets, or "things" that only have an actual worth in the context of a capital market and a smoothly functioning financial system allowing for value-for-value exchanges and mark-to-market: among these are corporate equities, mutual and pension fund shares and reserves, credit instruments and equity in non-corporate businesses. We bring this up because today, as it does every quarter, the Fed released its Z.1, Flow of Funds report, which shows total US household assets and liabilities. Not surprisingly, with the ongoing surge in the stock market courtesy of the Fed's open-ended QE ticking time bomb, and the second housing bubble courtesy of the banking subsidy known as foreclosure stuffing, in the quarter ended December 31, 2012, at least according to the Fed, the US household's total net worth rose by another $1.2 trillion, taking it to $66.1 trillion. However, one thing was particularly notable in this latest update, and as implied by the above paragraphs, is that as of Q4, 2012, total US household financial assets hit an all time high of $54.4 trillion, well over the previous peak of $52.8 trillion in Q3 2007, and nearly $1 trillion higher compared to the past quarter. In other words, as of Q4 2012, the US household's net worth has never been more reliant on the stock market, which by implication means: Ben Bernanke and his centrally printing colleagues around the world.

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

3-6-13 Marketwatch Paul B. Farrell Your sequestered brain ‘The next crash is coming but few see it. Here's why you're hard-wired to repeat your mistakes.’ http://albertpeia.com/nextcrashcomingfewsee.htm (MarketWatch) — ‘Warning: Forget the cuts, your brain is sequestered. That’s the real problem: Your brain. That’s why the economy and markets will crash, a new Dow high notwithstanding. Why it’s inevitable. Bigger crash than 2008. Longer afterwards. No bank bailouts. Austerity worse than the Great Depression. Hunker down. …’

Dow Down 50% Against Gold Since Last Record Dow in October 2007 Submitted by Tyler Durden on 03/06/2013

Eric Holder: Some Banks Are So Large That It Is Difficult For Us To Prosecute Them Submitted by Tyler Durden on 03/06/2013 - { Come on! That’s ridiculous and a bald-faced cowardly lie! First, you prosecute the individuals, not necessarily the employing corporation. Sure, there may be derivative liability (pun intended); but, that’s surely no reason not to prosecute. After all, there is a whole history of prosecution of such ‘combines’ of criminality, to america’s growth and betterment as a consequence thereof. Quite simply, it’s the familiar and now pervasive story of plain old american corruption. I mean, come on … from my own direct observation and experience, trump, a corrupt judge here and there, have no such dire, humongous impact on the economy. Rather, it’s the precise opposite that is true; not only from the confidence and salutary expectations created from prosecutions of such ilk; but as well, from the proper allocations of resources created by such prosecutions (crime should never pay, but in america it now does and well at that; and just look at the results in america’s significant decline! That’s just typical, self-serving, lazy jivetalking b***s***!) … Bill Gross Gets It { Gets what? Why is this surprising? With $4 trillion gone missing (still) at the ny fed, americans should not trust the ny fed. Germany’s move is totally rational (A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm ). How can anyone trust fraudulent, thieving americans with their money or gold, particularly in the fraud capital of the world, new york city Michael Savage: Don't trust feds on flu shot...{ Or anything else, for that matter. Indeed, from my direct experience, the actions/inaction of the feds are geared toward making one reliant/dependent upon them (ie., food stamps, faux disability, unemployment comp extensions, ‘protection’ from rampant, blatant crime or not, etc., despite america’s defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence and venality. In fact, stepping back, I have seen first hand those siding with/benefiting from (and the encouraging of more crime), ie., RICO defendants et als, actually rewarded by the pervasively corrupt/defacto bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a combination of and tantamount to what is essentially hush money, bribes, etc.). Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless nation of marauders/thieves that no longer even remotely resembles what it purports to be and arguably once was. Replaying Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } While it is widely assumed that the too-big-to-fail banks in the US (and elsewhere) are beyond the criminal justice system - based on simple empirical fact - when the Attorney General of the United States openly admits to the fact that he is "concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them," since, "it will have a negative impact on the national economy, perhaps even the world economy," one has to stare open-mouthed at the state of our union. It appears, just as the proletariat assumed, that too-big-to-fail banks are indeed too-big-to-jail. The Government Has It Bass-Ackwards: Failing To Prosecute Criminal Fraud by the Big Banks Is Killing – NOT Saving – the Economy Posted by : George Washington Post date: 03/06/2013 - Failure to Prosecute Fraud Causes Economic Downturns

Corporatism: A System Of Control Designed By The Monopoly Men Of The Global Elite http://theeconomiccollapseblog.com http://albertpeia.com/corporatistcontrol.htm

From: "Adam Green, BoldProgressives.org" <info@boldprogressives.org>
To: Albert Peia <albert_peia@yahoo.com>
Sent: Wednesday, March 6, 2013 8:03 AM
Subject: FWD: Grayson MOMENTUM continues!

PS. If you haven't already, sign on to the Grayson-Takano letter against cuts to Social Security, Medicare, or Medicaid benefits. Click here to become a citizen signer. Signed as follows:

They should prosecute the huge wall street frauds in the trillions (as promised but unfulfilled), still extant and now marked to anything as per misguided legislated FASB Rule change, seek disgorgement, fines, and jail time for the perps. Social Security Disability fraud is rampant and should be eliminated. The QE welfare for wall street is bad policy and is resulting in higher than reported inflation with the fiat currency printing/creation/debasement and is following a zimbabwe economic model which led to hyperinflation/disaster but as here, higher manipulated stock prices which is the contraindicated reason for such bad policy.

Sincerely,

Albert L. Peia

Drudgereport: Bull Market Turns 4, Traders Thank Bernanke...
Americans Raiding 401(k)s To Pay Bills At Alarming Rate...

Public College Tuition Soars By Most Ever (Or Searching For Deflation In All The Wrong Places)

Submitted by Tyler Durden on 03/06/2013 - For those who, like Time magazine and its exhaustive treatise on soaring healthcare costs, are shocked and confused how it is possible that prices for some of the most rudimentary staples, among them basic medical care and college tuition, have exploded we have the answer. In fact, we had the answer in August 2012, when we showed our "Chart Of The Day: From Pervasive Cheap Credit To Hyperinflation." As the title, and chart, both imply, the simple reason why college tuition is up 1200% in 35 years, while healthcare fees have soared by a neat 600% or double the official cumulative inflation, is two words: "cheap credit."That  is also the reason why the BLS and the Fed can get away with alleging inflation is sub-2%: because the actual cost for any of these soaring in price services is never actually incurred currently, but is deferred with the only actual outlay being the cash interest, which as everyone knows is now at the ZIRP boundary thanks to 4+ years of ZIRP and three decades of the "great moderation." Which is why we are confident it will come as no surprise to anyone, especially not those who have no choice but to follow the herd and pay exorbitant amounts for a generic higher education that has negligible utility at best in the New "Okun's law is broken" Normal, that tuition at public colleges jumped by a record amount in the past year!

Top-Down & Bottom-Up In 7 Sad Slides

Submitted by Tyler Durden on 03/06/2013 - The 15% run since mid-November (or 60% annualized return) in the S&P 500 is attributed to the optics of tail-risk reduction and a renewed flood of central bank liquidity. However, as UBS notes, downside risks appear to be rising, with volatility increasing, investor sentiment readings starting to wane, and flows into equity funds turning negative. They believe, confirmed by the following five (*well seven) charts, that fundamentals remain relatively weak. On the 'top-down' macro-economic front, their US growth surprise index has rolled over, and consensus GDP expectations are down. On the 'bottom-up' earnings front, S&P 500 companies (ex-Financials) beat by 4.5% in 4Q but this followed a 6.1% downward revision coming into earnings season. Moreover, guidance has been weak, and revision trends remain negative. The consumer is suffering from near-term pressure, and recently, a number of companies have signaled near-term consumer softness attributed to higher tax rates, delayed refunds, and rising gas prices which perhaps explains why it has been 42 weeks without net positive EPS revisions.

Guest Post: A Look At The Richest Oil Barons In The U.S.

Submitted by Tyler Durden on 03/06/2013 - Forbes has recently released its latest rich list, so now would be a good time to look at the world’s billionaires who have benefited most from the US oil industry.

Cable Snaps (Again) As British Budget Goes Activist

Submitted by Tyler Durden on 03/06/2013 - GBPUSD (Cable) just cracked back below 1.50 and is trading at its lowest since July 2010 as The FT reports that it appears George Osborne (British Chancellor) is paving the way for Mark Carney (Bank of England governor) to follow the so-called 'Merkel-Draghi wager' that Europe is dangerously betting on. Instead of following business secretary Vince Cable's proposal of a new program of spending on schools, roads and housing – funded by extra borrowing - Osborne will use his Budget on March 20 to reinforce his message of “fiscal conservatism and monetary activism” by clarifying how the government intends to use monetary policy to get the economy growing again. Treasury officials are discussing proposals to change the remit of the bank - which could include giving the monetary policy committee greater time to bring inflation back to the 2 per cent target, giving the BoE a Federal Reserve-style dual mandate to target both employment and inflation, and even targeting cash spending in the economy rather than inflation. It would appear our short Cable trade continues to do well as Carney's arrival heralds more aggression in the global currency wars.

Rand Paul's #Filiblizzard Enters Its Sixth Hour

Submitted by Tyler Durden on 03/06/2013 - Starting at 1147ET, Rand Paul began his James-Joycean discussion on US-based Drone strikes, six hours later (and with some minor aid from Sen. Mike Lee (R-UT) and Sen. Ted Cruz (R-TX)), he is still going. Have you ever felt so strongly about something that you were willing to talk about it for over six hours? From Cruz's note that today is the 177th anniversary of the fall of (or stand at) the Alamo to Paul's rhetorical (we think) question to the President: "Are you going to just drop a hellfire missile on Jane Fonda?" We suspect the night is yet young as the snowquester continues.

The Smoking Gun Of Spain's Unsustainability

Submitted by Tyler Durden on 03/06/2013 - The people of Spain are prisoners of an economic adjustment that looks like something dreamed up by Torquemada.  A lot of the recent compensation decline had to do with public sector workers (who export nothing) and not private sector ones. Is this a sustainable way to regain competitiveness? Torquemada the Inquisitor would be impressed with the pain that Spain is inflicting on itself. The bad news for Spanish labor markets isn’t over: most measures of Spanish competitiveness show that only half the gap has been closed vs Germany. I don’t see how this can be sustained indefinitely, even with the rally in Spanish sovereign and bank spreads, and with looser fiscal policy sanctioned by the EU. Without a true fiscal transfer union in Europe, caveat emptor in its Periphery, unless prices for stocks, bank loans and real estate are sufficiently cheap.

Head Of Communications At Italy's Scandal-Ridden Banca Monte Paschi Has Committed Suicide

Submitted by Tyler Durden on 03/06/2013 - It has been several weeks since the name Monte Paschi, likely the most bailed out Italian bank in history, not to mention the oldest bank in the world, graced these pages: with the Italian elections now over and BMPS' political utility as leverage against Italy's Democratic Party finished, we expected that the next time we would read, and write, about it would be the next time it would need a bailout (its fourth in the past four years) sometime in the next 3 to 6 months. Sadly, Monte Paschi is squarely back on the front page following news moments ago that David Rossi, the head of communications at the bank, committed suicide by jumping off the building.

Silver Surges As Dow Hits New-er Record

Submitted by Tyler Durden on 03/06/2013 - Another day, another highest ever close for the Dow. However, away from the silliness of that index, the S&P scraped a small gain and the Nasdaq a small loss as volume and the day's range was its lowest in two weeks. Treasuries were weak, adding around 3-4bps on the day (10Y 1.94%), now up 10bps on the week - catching up to equities. The S&P was unable to get away from its VWAP today and churned as HYG (high-yield credit) closed red and VXX (vol) closed green in the face of equity's positive drift. Silver jumped 1.25% on the day (and Gold about half that) back over $29 in the face of USD strength (driven mostly by JPY weakness). It seemed today was a catch-up day for the rest of risk-assets as arbs dragged bonds and FX carry markets up towards equities. Spot VIX hardly moved from its 13.5% opening as it is quite clear protection of gains as opposed to adding is the name of the game here for now.

Guest Post: The Number 1 Problem When Owning Gold

Submitted by Tyler Durden on 03/06/2013 - In official testimony before Congress in December 1912, just three months before his death, J.P. Morgan stated quite plainly: "[Credit] is not the money itself. Money is gold, and nothing else." Of course, this testimony came only 253 days before H.R. 7837, better known as the Federal Reserve Act, was introduced on the floor of Congress. The Federal Reserve Act went on to become law and pave the way for the perpetual fraud of fiat currency which underpins our modern financial system. And if unbacked paper currency isn't bad enough, we award dictatorial control of the money supply to a tiny handful of people, and then simply trust them to be good guys. Owning gold is the same as voting against this system, turning your paper currency into something that they cannot inflate or conjure out of thin air. Yet there's one problem.

Financial Stress Test Deja Vu

Submitted by Tyler Durden on 03/06/2013 - With the Fed pumping $118 million per hour into excess (and fungible) reserves into the banking system, the market has once again front-run the exuberance expected from the CCAR (or bank stress tests). Sadly, just as we saw last year, the 'hope' priced into US financial stocks is absolutely not priced into US financial credit markets and the strange case of deja vu all over again that we saw in last year's stress test makes us wonder why all those professional investors aren't snapping up the 'cheap' debt of the banks - unless they are well aware of reality. Of course, as we noted last year, the combination of pure economic guesswork and financial analysis leaves belief in the Stress Tests a total 'act of faith' and it seems, once again, credit markets don't believe.

Beige Book Mediocrity Dominates 'Obamacare-Restrained' Moderate Growth

Submitted by Tyler Durden on 03/06/2013

Another Beige Book comes and goes providing little real color as to anything useful about the real world. The excessive use of words synonymous with 'mediocre' appears to be the best we can do (on a $1 trillion deficit?) - but of course, the Dow is still near all-time highs...

*FED SAYS ECONOMY GREW AT 'MODEST TO MODERATE PACE' IN FEBRUARY

*FED SAYS 'MANUFACTURING MODESTLY IMPROVED IN MOST REGIONS'

*FED SAYS SEVERAL DISTRICTS REPORTED 'RESTRAINED HIRING'

*FED SAYS MOST DISTRICTS SAW MODEST PRESSURES ON PRICES

*FED SAYS 'WAGE PRESSURES WERE MOSTLY LIMITED'

Of course, the spin will be, at least it's not bad... the S&P is 3 points off the highs, BTFD. Perhaps of most note, though: "Many District contacts commented on the expired payroll tax holiday and the Affordable Care Act as having restrained sales growth."

Guest Post: The Human Cost Of Fiscal Mismanagement of Government

Submitted by Tyler Durden on 03/06/2013 - During the Great Depression, there were countless suicides. People jumping out of buildings because they lost everything and could not face a future that was destitute. The photographs of such scenes will live forever. The same is taking place throughout Southern Europe today and it is a cry for fiscal responsibility upon government. In Italy, just since the start of the year, 23 entrepreneurs have committed suicide. Politicians are responsible for these economic declines.

European Crisis Over? Not So Fast

Submitted by Tyler Durden on 03/06/2013 As we recently noted, despite the incessant chatter that the worst is behind them and the unending belief that if European politicians repeat a lie often enough it will become truth, the following chart perhaps better than many others shows the sorry state that exists in Europe's core and periphery - no green shoots, no second-derivative shifts, and only the 'Merkel-Draghi' wager holding things together. And despite US equity strength, European markets disappointed today with EURUSD back under 1.3000, European stock indices closing red (not holding US equity-driven gains), and Italian and Spanish bond spreads leaking wider into the close (about 10bps off their intrday tights).

Chart Of The Day: The Minimum-Wage (Non) Recovery

Submitted by Tyler Durden on 03/06/2013 - Yesterday we showed all those key economic criteria (that get so little airtime for obvious reasons), which were prevalent the last time the Dow Jones Industrial Average hit an all time high, back in 2007, all of which reflected a far more vibrant economy, and more importantly, an economy, and market, not propped up by a $14 trillion global central bank liquidity tsunami. Today, our chart of the day comes from BloombergBrief, which shows yet another aspect of the "low wage" recovery, namely that while the bulk of the jobs lost heading into the "recovery" were of middle and higher paying jobs, the offset have been part-time and other low-paying jobs, which explains also why the purchasing power of the average American, in real terms, declines with every passing day.

Frontrunning: March 6

Submitted by Tyler Durden on 03/06/2013

Kuroda to Hit ‘Wall of Reality’ at BOJ, Ex-Board Member Says (BBG)

Venezuelans mourn Chavez as focus turns to election (Reuters)

South Korea says to strike back at North if attacked (Reuters)

Milk Powder Surges Most in 2 1/2 Years on New Zealand Drought (BBG)

As Confetti Settles, Strategists Wonder: Will Dow's Rally Last?  (WSJ)

Pollution, Risk Are Downside of China's 'Blind Expansion' (BBG)

Obama Calls Republicans in Latest Round of Spending Talks (BBG)

Ryan Budget Plan Draws GOP Flak (WSJ)

Samsung buys stake in Apple-supplier Sharp (FT)

China Joining U.S. Shale Renaissance With $40 Billion (BBG)

Say Goodbye to the 4% Rule  (WSJ)

Traders Flee Asia Hedge Funds as Job Haven Turns Dead End (BBG)

Power rustlers turn the screw in Bulgaria, EU's poorest country (Reuters)

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

3-5-13 The Last Time The Dow Was Here...

Submitted by Tyler Durden on 03/05/2013

"Mission Accomplished" - With CNBC now lost for countdown-able targets (though 20,000 is so close), we leave it to none other than Jim Cramer, quoting Stanley Druckenmiller, to sum up where we stand (oh and the following list of remarkable then-and-now macro, micro, and market variables), namely that "we all know it's going to end badly, but in the meantime we can make some money" - ZH translation: "just make sure to sell ahead of everyone else", just like everyone sold ahead of everyone else on October 11th 2007, the last time stocks were here...

GDP Growth: Then +2.5%; Now +1.6%

Regular Gas Price: Then $2.75; Now $3.73

Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million

Americans On Food Stamps: Then 26.9 million; Now 47.69 million

Size of Fed's Balance Sheet: Then $0.89 trillion; Now $3.01 trillion

US Debt as a Percentage of GDP: Then ~38%; Now 74.2%

US Deficit (LTM): Then $97 billion; Now $975.6 billion

Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion

The Dow Hits An All-Time High! Translation: A Bubble Is Always Biggest Right Before It Bursts

http://theeconomiccollapseblog.com

http://albertpeia.com/bigbubbleburst.htm

30 Facts About The Coming Water Crisis That Will Change The Lives Of Every Person On The Planet

http://theeconomiccollapseblog.com

http://albertpeia.com/30factsonwatercrisis.htm

Venezuela's Hugo Chavez Is Dead

Submitted by Tyler Durden on 03/05/2013

The most unsurprising news of the day has just hit, and while we have already had some 20+ rumors on this issue previously, this time it is official:

Venezuela's Hugo Chavez has died, says VP Maduro

Chavez who ruled Venezuela since 1999, died from cancer at the age of 58

Time to celebrate Hugo's memory with some more currency devaluation? It is unclear if Goldman's record profits on Venezuela exposure (see How The Glorious Socialist Revolution Generated A 681% Return For Goldman Sachs) are about to snap back with a vengeance.

Think This Can't Happen Where You Live? Think Again...

Submitted by Tyler Durden on 03/05/2013

Throughout history, bankrupt governments in decline almost ALWAYS fall back on a time-tested playbook. This includes imposing controls on everything - wage and price controls, trade controls, capital controls, border controls, people controls. Everything. And this idea goes back to the dawn of human civilization. From Mesopotamia to Rome and from France to Argentina, these policies have been a complete disaster for the country. But as the rest of the world looks on, people in ‘rich’ countries foolishly believe that ‘it can’t happen here.’ So, again, if you think that gold criminalization, price controls, and IRA/pension confiscation could never happen where you live, think again. This is wishful, ignorant, dangerous thinking. It can happen. It is already happening.

"Mission Accomplished"

Submitted by Tyler Durden on 03/05/2013

We could tell you all about the fact that high-yield credit did not play along with this rally today (and that the underlying cash market for corporate bonds has been weak for well over a week now); we could note that VIX did not take part in this surge today as the stops were run; we could point to the total lack of volume (NYSE or futures) confirming the move; we could highlight the fact that Treasury yields rose a de minimus 1.5bps on the day and while the USD slipped modestly on the day, it is only down 0.22% on the week and that Gold, Silver, and Oil are all unchanged on the week. But - all that matters, in this headline-driven algo-aided market is - The Dow hit all time highs - 'Mission Accomplished' Mr. Bernanke, well played - record stocks, record debt, record food stamps recipients.

"Enthusiasm", "Greed" Or "Delusion" Phase?

Submitted by Tyler Durden on 03/05/2013 - Presented with no comment... http://albertpeia.com/nicebubblechart.gif

Guest Post: The Hollowing Out Of Private-Sector Employment Submitted by Tyler Durden on 03/05/2013 - The following five charts reflect the hollowing out of the private-sector employment. This has profound implications for education, taxes, housing and inequality. What no one dares admit is that the U.S. economy is burdened by overcapacity (too many malls, restaurants, MRI machines, etc.) and too much debt, much of which was taken on to fund mal-investments. We suffer from a systemic failure of imagination. The financial and political Aristocracy that rules the neofeudal, financialized economy have no other model other than debt-based misallocation of capital and endless growth of debt-based consumption. That this model is broken and cannot possibly get us where we need to go does not matter; they will continue to do more of what's failed because they have no alternative model that leaves their power and wealth intact.

FBI And SEC Team Up To Take Down HFTSubmitted by Tyler Durden on 03/05/2013 - After exposing the stock market manipulative arsenal that is High Frequency Trading, quote stuffing, flash trading, packet churning, layering, sub-pennying, liquidity, latency and dark pool arbitrage, NBBO and Reg NMS exemptions, "hide-not-sliding", collocation, and much, much more for four years, or so long even Credit Suisse joined the chorus we started in April of 2009, we are glad to learn that finally, with a ridiculous Rip Van Winklesian delay, but better late than never, "the FBI has teamed up with securities regulators to tackle the potential threat of market manipulation posed by new computer trading methods that have taken operations beyond the scope of traditional policing." In other words, the SEC has finally realized it can no longer pretend it is not co-opted, but because it has no clue where to even start with HFT, has asked the help of the Feds. Which in itself is hardly reason for optimism, but if there is one thing Hans Gruber has taught us, it is that when the Feds get involved, the first thing they do is cut the power, and in this algo-based market that will end some 99% of all daily manipulative practices we have all grown to love and look forward to every single day.

Druckenmiller: "When You Get This Kind Of Rigging, It Will End Badly" Submitted by Tyler Durden on 03/05/2013 When even Home Depot's Ken Langone is questioning the reality of this rally (CEO of one of the best performing stocks since the Dow last traded here), you have to be a little concerned. However, it is Duquesne's Stanley Druckenmiller's point that with QE4EVA it is impossible to know when this will end but warns that "all the lobsters are in the pot" now as he notes that "if you print enough money, everything is subsidized - bonds, stocks, real estate." He dismisses the notion of any sell-off in bonds for the same reason as the Fed is buying $85 bn per month (75-80% all off Treasury issuance). The Fed has cancelled all market signals (whether these are to Congress or market participants) and just as we did in the 1970s, we will find out about all the mal-investments sooner or later. "This is a big, big gamble," he notes, "manipulating the most important price in all of free markets," that ends one of only two ways, a mal-investment bust (as we saw in 2007-8) or full debt monetization and "off we go into inflation."

One Drone Missing; Reward Offered. Please Contact FBISubmitted by Tyler Durden on 03/05/2013 - Yesterday we noted the somewhat startling confession of @NYCAviation investigating a four-engined small aircraft (or drone) at JFK. Today we get the confirmation as the FBI "seeks public assistance in identifying, locating, unmanned aircraft and operator." The unnamed aircraft was described as black in color and no more than three feet wide with four propellers.

Guest Post: There Is No Asset Bubble? Submitted by Tyler Durden on 03/05/2013 -What really strikes us is the universal belief by the majority of analysts, economists and commentators, that there is currently "no evidence" of an asset bubble.  This idea was further confirmed by Bernanke's testimony last week he explicitly stated: "I don't see much evidence of an equity bubble" In the long term it will ultimately be the fundamentals that drive the markets.  Currently, the deterioration in the growth rate of earnings, and economic strength, are not supportive of the speculative rise in asset prices or leverage.  The idea of whether, or not, the Federal Reserve, along with virtually every other central bank in the world, are inflating the next asset bubble is of significant importance to investors who can ill afford to once again lose a large chunk of their net worth. It is all reminiscent of the market peak of 1929 when Dr. Irving Fisher uttered his now famous words: "Stocks have now reached a permanently high plateau."  The clamoring of voices that the bull market is just beginning is telling much the same story.  History is repleat with market crashes that occurred just as the mainstream belief made heretics out of anyone who dared to contradict the bullish bias.

Greek Finance Ministry To "Troll" Through All Depositor Accounts In Hunt For Suspected Tax EvadersSubmitted by Tyler Durden on 03/05/2013 - As Greece's painfully desperate fight to collect tax revenue, any tax revenue, using traditional methods meets failure after grotesque failure, driven by such unconventional stumbling blocks as running out of ink with which to print tax forms, striking tax collectors, and repossessed (or stolen) tax department computer equipment, the necessity to prove to Europe that Greece is doing something to fill the income side of its reformist ledger has forced it to turn to the glaringly illegal. "Greece’s General Secretariat for Information Systems has completed an application that will allow the state’s monitoring and collection mechanism to access the country’s banking system via an online connection and let the government have access to depositor bank accounts. The application, which will let the Finance Ministry troll through the accounts of all depositors suspected of tax evasion means online inspectors can scour through records of deposits, loans, credit card use and other data without permission from the account holder." What is troubling is that while this happens in the US on a daily basis, at least the NSA has to dig through data illegally, and can't use what it finds against citizens in court. In Greece, however, any trace of personal privacy in the insolvent state is now gone, and in a way that is made very public and clear to all citizens. The result will be an even greater hit to all forms of electronic spending (remember that all bulk cash transactions are prohibited), and a collapse in all economic transactions, leading to an even more acute depression, and an even greater need to yet another "bailout" from Europe (this one will be the last surely, as it will be after this it will be different).

Non-Manufacturing ISM Has Highest Print Since February 2012, 8 Beats In A RowSubmitted by Tyler Durden on 03/05/2013 Not like a market test was needed, but in a time when bad news is great for stocks, we fully expected today's Service ISM consensus beat to be great-er for the several hot potato passing algos still trading. Sure enough, the February non-manufacturing ISM just printed at 56.0, higher than the 55.0 expected, up from the 55.2 in February and the 8th beat of expectations in a row. That the service sector output rose despite consensus it wouldn't due to tax hikes, and higher gas prices, indicates just how "valid" and accurate it truly is, but with every data point now geared to only one goal - to get everyone to play musical chairs while the music plays, does any data actually even matter? After all, an improving economy would mean a tapering QE, but Bernanke has now made it clear no matter what the actual real or fake state of the economy is, he will never stop the liquid(ity) moprhine. Perhaps that is why the employment index actually dipped in February from 57.5 to 57.2 - supposedly this makes it "realistic."

Dow Jones Opens At All-Time HighsSubmitted by Tyler Durden on 03/05/2013 - On October 11th 2007, the 'old' Dow Jones Industrial Average reached its previous all-time high of 14,198.10 (with the all-time closing high of 14,164.5 on October 9th) as plans for the MLEC were rumored to save the world from the intensification of stress in the interbank funding markets. A week later, the Dow had dropped 5.5%; a month later it had dropped 8.5%; three months later it had slumped 18%. But, this time the 'wealth effect' will be different-er.

A Disparate PlaceSubmitted by Tyler Durden on 03/05/2013 - The world is a disparate place these days. It is dislocated. Central bank money buoying all of the markets; equities, debt, commodities while the underlying economies languish or dissipate. Month after month the division widens while even a slight whisper that the monetary creation might cease or falter hits the markets hard and then the leaders of the central banks assure everyone that it will go on ad infinitum and the markets all bounce back and begin to breathe again. The markets might be characterized as “Pucker and Sigh.” “Over the Rainbow” plays on non-stop in the media and those of us with a more skeptical eye are long past “If” and on to the “When.”

A 1994 Redux?Submitted by Tyler Durden on 03/05/2013 A prevailing theme that the pundits are trying to furiously push onto hapless lemmings in hope of forcing them out of bonds and into stocks, is that the current capital market is somehow comparable to that of 1994 and that the Fed rate hike of 1994 is imminent in our day and age too. Aside from the fact that the economy, or the market, is nothing like 1994, the subliminal suggestion is that the Fed may just pull a Greenspan, and proceed to hike rates one clear day, in the process sending the long-end soaring, so please dear lemmings: rotate greatly. So if one were to ignore the fact that for the Fed to hike it would imply that the $14 trillion in global central bank support would immediately start being withdrawn, and thus sending the S&P lower by over 1000 points, how does this particular fable work? Here is how Bank of America spins it.

RANsquawk EU Market Re-Cap - 5th March 2013

Submitted by RANSquawk Video on 03/05/2013

Frontrunning: March 5

Submitted by Tyler Durden on 03/05/2013

As ZH has been saying for months... Draghi Will Need to Push the Euro Down Some More (WSJ) ... but careful with "redenomination risk"

Senate Report Said to Fault JPMorgan (NYT)

EU Opens Way for Easier Budgets After Backlash (BBG)

China Moves to Temper Growth - Property Bubble Is a Key Concern (WSJ)

China bets on consumer-led growth to cure social ills (Reuters)

Italian president mulls new technocrat government (Reuters)

Grillo says MPS won't back technocrats (ANSA)

The Russians will be angry: Euro Chiefs Won’t Rule Out Cyprus Depositor Losses (BBG)

China Bankers Earn Less Than New York Peers as Pay Dives (BBG)

Investors click out of Apple into Google (FT)

Community colleges' cash crunch threatens Obama's retraining plan (Reuters)

Alwaleed challenges Forbes over his billions - Calculation of $20bn net worth is flawed, says Saudi prince (FT)

Guy Hands Dips Into Own Pockets to Fund Bonuses at Terra Firma (BBG)

North Korea to scrap armistice if South and U.S. continue drills (Reuters)

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

3-4-13 Marketwatch: Why your portfolio can’t perform

{ All bad news and these ever more worthless commissioned-paper (actually not even) shares at lightning computerized speed are rallying … just like zimbawee … and just like zimbabwee, they’re all a bunch of niggers on wall street (their QE welfare everyone’s paying for included) … no wonder this country’s done/in protracted decline! This is an all too familiar scam that as before, everyone is and will be paying for. How does it feel to be dumb! [Parenthetically, just this moment, an ‘equities expert’ (on one of those syndicated business programs, NBR-just bought out by cnbc which means they just got a lot dumber and I had to turn it off and will never watch NBR again…nbc is a horrible propaganda network (finishing deservingly last among the so-called ‘majors’), mobsters like trump on that ‘apprentice thing’ with toothy nutcases like gary busey, etc.. ‘No credibility whatsoever and a total joke!) said house prices (as well as the ‘paper shares’, gas, oil, food staples, meat, etc.) are rising (duh! … contraindicated implication-‘happy days are here again’)… riiiiight … just like zimbabwee! How pathetic! ]
Goldman 'Explains' The 'Market': "Best Not To Look A Gift-Horse In The Mouth" ZH { Riiiiight! Sounds like a plan! The ‘gift-horse’ that’s … not a gift-horse at all … You’re paying through your nose and teeth. It was amusing to see mainstream media puzzling over the record high gas prices so early in this time of year, and as well, the coming jump in beef prices. There’s no mystery here! This is the natural and inevitable concomitant to ‘printing presses gone wild’. Not printing presses for product for intellectual consumption; but rather, printing presses (whether by print or computer ledger entry) for those ever more worthless paper fiat dollars backed by nothing but insurmountable debt of a defacto bankrupt nation. Remember: There’s no free lunch … fraudulent wall street’s predictable/intended gain (from QE, currency debasement, etc.) is your substantial pain! It’s the zimbabwee financial model gone american … , Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! } “Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical)…” , Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe. }

12 Things That Just Happened That Show The Next Wave Of The Economic Collapse Is Almost Here

http://theeconomiccollapseblog.com

http://albertpeia.com/12thingsnextwavecollapsehere.htm

The Inflation Secrets Your Broker Won’t Tell You About

March 4, 2013 http://gainspainscapital.com

http://albertpeia.com/inflationcoveredup.htm

Why Are Giant Sinkholes Appearing All Over America? Is Something Happening To The Earth’s Crust?

http://endoftheamericandream.com

http://albertpeia.com/giantsinkholes.htm

Did The US Government Sanction The Liquidation Of Lehman Brothers?

Submitted by Tyler Durden on 03/04/2013 - As is now confirmed, at least one of many JPMorgan margin calls directed at Lehman in the days before the world's biggest bankruptcy became fact, were based on glaringly erroneous information and an error so profound one wonders if this was not a premeditated "hit" on one bank by another bank. Yet a purposeful "hit" orchestrated by one bank, even JPMorgan, would require the involvement of the highest echelons of the US government. So was the US government complicit and give its blessing in this historic liquidation? The Abu Dhabi Investment Council would like to know.

Understanding Europe's "Austrian" Solution - The 'Merkel-Draghi' Wager

Submitted by Tyler Durden on 03/04/2013 - When the Eurozone crisis first broke some four years ago, most analysts quickly and correctly concluded that the Eurozone was an incomplete monetary union; but, as UBS Larry Hatheway notes, neither rapid integration nor breakup were or are politically feasible options for Europe’s political classes. The 'Merkel-Draghi wager' then began with the determination that capital markets would not dictate Europe’s future: with growth-supporting fiscal transfers or debt mutualisation ruled out by national politics, the remainder of the story is about an ‘Austrian’ solution to cleanse Europe of excessive fiscal deficits, narrow gaps in competitiveness, and shrink external imbalances. The ‘Merkel-Draghi wager’, then, is a political gamble of historic proportions. It is a calculated bet that a policy prescription of robust liquidity buffers coupled with internal devaluation and fiscal consolidation will work. Equally, it is a view that the historical, cultural, economic, financial and political forces that have brought Europe together in the post-war era will prove stronger than those unleashed by the wrenching social dislocations associated with ‘Austrian’ economics that could one day threaten to rip apart the Eurozone. So far, the ‘wager’ is working in economic terms, or at least that's the hope.

The Fannie Mac Daddy: Fannie Freddie To Merge Select Operations

Submitted by Tyler Durden on 03/04/2013 - In what we are sure will be a BLS job creating moment, Fannie Mae and Freddie Mac will create a common platform for issuing MBS as they wind down operations and plan for a future in which the two companies no longer exist. Big is about to get bigger as Bloomberg reports, these two GOEs will start sharing risk with private financiers in the single-family loan market. FHFA head Ed DeMarco comments that they are beginning to move to a "post-conservatorship world," though we assume still as explicitly and implicitly guaranteed by the good taxpaying public of America. The merger and creation of a joint securitization company with the goal of executing $30bn each in transactions partnered with the private sector will attempt to reduce that taxpayer load and "ease the transition from where we are today to wherever lawmakers decide the country ought to ultimately go."

Frontrunning: March 4

Submitted by Tyler Durden on 03/04/2013 - 07:08

Must defend against Chinese colonial expansion and get the Nigerian oil: U. S. Boosts War Role in Africa (WSJ)

BOJ nominee Kuroda sets out aggressive policy ideas (Reuters)

China becomes world’s top oil importer (FT)

Baby Cured of HIV for the First Time, Researchers Say (WSJ)

Obama to nominate Walmart's Burwell as White House budget chief (Reuters)

Wal-Mart Anxious to Combat Amazon’s Lead in Web Vendors (BBG)

Nasdaq executing trades at a loss (FT)

Spending cut debate casts pall over Obama's second-term agenda (Reuters)

Russell Indexes to Reclassify Greece as Emerging Market (BBG)

Bond Bears Collide With Swaps Showing Low Rates (BBG)

Buffett Deputies Leaving Billionaire in the Dust Get More Funds (BBG)

Brazil's leftist president fights to win back business (Reuters)

U.S. Special Forces train Syrian Rebels in Jordan (Le Figaro)

Carlos Slim Risks Losing World’s Richest Person Title as Troubles Mount (BBG)

What Do the Bank of Japan, China’s Government and the Fed Have in Common?

http://albertpeia.com/managinghyperinflationarybubbles.htm

President Obama Dark Money Secrets The White House is For Sale! http://www.wealthdaily.com MAR 01 - JEFF SIEGEL President Obama embraces special interest lucre in everything from campaigning to curbing gun violence... Read More... http://albertpeia.com/whitehouseforsale.htm

Drudgereport: 'I AM NOT A DICTATOR' [ That’s what they all say … next thing he’ll be saying for Bob Woodward’s consumption is ‘I’m not a crook’ … Riiiiight, O! You just act like one! The reality is that at some point the coverup for this failed president by adopting failed policies to obscure/hide his failed presidency must end. The reality is that this guy just can’t ‘cut the mustard’. The reality is that this guy, O, is total bull s**t and an unmitigated failure by any criteria by which you can measure a presidency (including his own as set forth in his last campaign…you know, that deficit thing that he was going to cut by half by the end of his first term but instead increased more than all the presidents combined! Then there were all those prosecutions to come of the huge wall street frauds, still extant by way of legislated FASB Rule change and now marked to anything, that never happened in fact.) (REPORT: Obama's golf weekend with Tiger cost as much as 341 furloughed federal workers... ) Krauthammer: Obama Only Left Out "Pestilence, Earthquake, Brimstone And Plague" In Sequester Warning CHARLES KRAUTHAMMER: Well, they know that they really overshot it. It was the … { Yeah … I mean, how quickly wobama changes tune and message … the message being ultimately, true to form and his history … obama’s full of s**t! Then again, we can all blame it on that fickle teleprompter! }

There Goes The Sequester

Submitted by Tyler Durden on 03/01/2013 - http://albertpeia.com/debtincreasefeb.jpg

CONSUMER SPENDING DROUGHT: 16 SIGNS THAT THE MIDDLE CLASS IS RUNNING OUT OF MONEY
http://albertpeia.com/16signsmidclassoutofmoney.htm

Guest Post: Diminishing QE Returns And The Coming 40% Correction

Submitted by Tyler Durden on 02/28/2013 - Chris Martenson is issuing an official warning of a major stock market correction within the next few months. He's only done this once before (in 2008). He's seeing a convergence of both technical and fundamental data that are flashing oversized risks to the downside for asset prices, despite the Federal Reserve's money printing mania (which is showing signs of hitting diminishing returns). He expects the fall in equity prices to happen within the May-September window. This downdraft will be characterized by lots of volatility, formed by market routs and Fed-inspired rescues, alternating until some form of bottom is reached. Along the way there will likely be a flight for "safety" into the dollar and Treasury paper, but only during the first stage of this crisis. Once a bottom is reached - he expects anywhere from 40% to 60% lower than the current ~1500 level on the S&P 500 - the process will begin to be dominated by rising government borrowing which will cause interest rates to begin to rise. When that happens, expect capital to flee the paper market for hard assets. In particular, that's when the upwards price revolution in the gold and silver markets will kick into high gear.

You Rarely Know You're In A Recession Until It's Too Late

Girls Gone Filed Submitted by Tyler Durden on 02/28/2013 - http://albertpeia.com/girlsgonewild.jpg

Founded By Geniuses And Run By Idiots http://albertpeia.com/americarunbyidiots.htm

ALL OF THIS WHINING AND CRYING ABOUT THE SEQUESTER SHOWS WHY AMERICA IS DOOMED

http://albertpeia.com/americadoomed.htm

Founded By Geniuses And Run By Idiots Submitted by Tyler Durden on 02/27/2013 http://albertpeia.com/americarunbyidiots.htm ‘H. L. Mencken correctly observed: "Government is actually the worst failure of civilized man. There has never been a really good one, and even those that are most tolerable are arbitrary, cruel, grasping and unintelligent." The following 14 rhetorical questions should provide food for thought as they suggest... "you might live in a country founded by geniuses but run by idiots."

http://albertpeia.com/financialarmageddoneurope.htm

Third Time’s the Charm: How Will The Fed Deal With THIS Bubble?

http://albertpeia.com/3strikesyoureout.htm

The Fed Has Set Us Up For the Crash of 2013

http://albertpeia.com/fedsetsupcrash2013.htm

The Sequestration Debate Misses the REAL Issue Posted by : George Washington Post date: 02/25/2013 - Waste and Fraud Are the Real Causes of the Deficit

50 Signs That The U.S. Health Care System Is A Gigantic Money Making Scam That Is About To Collapse

http://albertpeia.com/50signsushealthcaresytemcollapse.htm

The Banks Show No Mercy: 10 Foreclosure Horror Stories That Will Blow Your Mind

http://albertpeia.com/banksshownomercy.htm

Oscar winners in photos Marketwatch { Say what you want about Kentucky; but, some band’s got to come up with the song, ‘Kentucky (not California) Girls’. Whew! Ridley Scott had a great find in Sean Young (‘Blade Runner’). But Jennifer Lawrence? Wow! What a spectacular, total babe! And, she can shoot a bow and arrow too (I think). Parenthetically, while there are many aspects of a actor’s performance/demeanor/actions on and off the set that constitute worthy scrutiny, falling on the way to pick up an Oscar for Best Actress at age 22 is definitely not one of them. Totally meaningless and appropriately forgettable. If she was wearing running shoes and short shorts, that never would have happened. After all, when really will she wear such garb, albeit exquisite on her, again?…Next Academy Awards Oscar Ceremony to pick up another, and another, etc., of course. Yet, one can hardly say ‘practice makes perfect’ when referencing such an exotic creature as she. }

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

3-1-13 What Do the Bank of Japan, China’s Government and the Fed Have in Common?

March 1, 2013 http://gainspainscapital.com

http://albertpeia.com/managinghyperinflationarybubbles.htm

President Obama Dark Money Secrets The White House is For Sale! http://www.wealthdaily.com MAR 01 - JEFF SIEGEL President Obama embraces special interest lucre in everything from campaigning to curbing gun violence... Read More... http://albertpeia.com/whitehouseforsale.htm

Drudgereport: 'I AM NOT A DICTATOR' [ That’s what they all say … next thing he’ll be saying for Bob Woodward’s consumption is ‘I’m not a crook’ … Riiiiight, O! You just act like one! The reality is that at some point the coverup for this failed president by adopting failed policies to obscure/hide his failed presidency must end. The reality is that this guy just can’t ‘cut the mustard’. The reality is that this guy, O, is total bull s**t and an unmitigated failure by any criteria by which you can measure a presidency (including his own as set forth in his last campaign…you know, that deficit thing that he was going to cut by half by the end of his first term but instead increased more than all the presidents combined! Then there were all those prosecutions to come of the huge wall street frauds, still extant by way of legislated FASB Rule change and now marked to anything, that never happened in fact.) (REPORT: Obama's golf weekend with Tiger cost as much as 341 furloughed federal workers... ) Krauthammer: Obama Only Left Out "Pestilence, Earthquake, Brimstone And Plague" In Sequester Warning CHARLES KRAUTHAMMER: Well, they know that they really overshot it. It was the … { Yeah … I mean, how quickly wobama changes tune and message … the message being ultimately, true to form and his history … obama’s full of s**t! Then again, we can all blame it on that fickle teleprompter! }

There Goes The Sequester

Submitted by Tyler Durden on 03/01/2013 - http://albertpeia.com/debtincreasefeb.jpg

Guest Post: The Downward Spiral

Submitted by Tyler Durden on 03/01/2013 - There was once a rough and logical correlation between the level of government borrowing, and the rate of interest on government debt. If the government borrowed more money, the cost of borrowing rose and the private market’s appetite for government debt fell. But that correlation totally broke down around the year 2000. In 2008 we hit the Minsky moment, and today we are in the deleveraging phase. The spread between government borrowing costs and government borrowing levels remains huge. And the long, slow grind back to a sustainable debt-to-GDP ratio is slow and depressionary. Japan hit their Minsky moment in the 1990s, and today still remain trapped in the deleveraging phase. The question that remains unknown is how the distortions will resolve. In the long run, the data is clear. The Greenspan-Bernanke era Federal Reserve wilfully built up bubbles and distortions, which grew out of control, and sucked the economy into a black hole. At the very best, this has led to a Japanese-style depression.

Presenting The "Great Rotation"... Out Of Investing

Submitted by Tyler Durden on 03/01/2013 - Since 2004, interest in 'stocks' and 'bonds' has plunged by more than 50%. Despite a renaissance for bonds in 2008, and stocks in 2009, the 'Great Rotation' appears to be 'out of investing'. Google Trends also shows that, as expected, 'Bonds' have been more popular than 'Stocks' since the crash - a development the Fed is so desperately trying to reverse, by imposing ever stricter central planning, ironically the reason why most have "just said no" to an authoritarian, inefficient, and farcical policy instrument formerly known as the market. Is it any wonder so many retail brokerages, commission-takers, and asset-gatherers are advertising day-in, day-out and constantly reassuring with the "it'll all be 'ok' in the long-run meme"?

Lost In Translation: Ben Bernanke-Speak

Submitted by Tyler Durden on 03/01/2013 - We really hate to beat a dead horse, but we wouldn’t be doing my job for you if we didn’t point out some of the most intellectually dishonest, self-aggrandizing Bernanke-speak to come out of the Fed Chairman’s testimony this week. I know this goes without saying, but entrusting this man with your life savings is a dangerous course of action. I strongly urge you to consider diversifying into precious metals, productive farmland, or even a digital currency like Bitcoin. After all, you know the old saying – it’s time to be very concerned when the politicians and bureaucrats tell you to not be concerned.

Stocks Up, Bonds Up, Dollar Up, VIX Up

Submitted by Tyler Durden on 03/01/2013 - Treasuries close today at the low yields of the week (down 11bps) but equities were not going to take any notice of that and pushed to hold green for the week (with the Dow and TRAN outperforming). S&P futures managed to touch the underside of their uptrend once again but not break back into it. Financials and Energy ended the week -0.5% while Discretionary rallied 1.5%. VIX ignored equity's strength and rose around 1.5 vols (with a notable bearish divergence into the close). The Dollar gained 1% on the week against the majors - helped by JPY's rapid sell-off today. This USDJPY shift today was the algo driver for stocks as everything else decoupled. Gold and the S&P 500 recoupled on the week. Credit markets in general tracked stocks but high-yield started to slide into the close. WTI was the worst commodity on the week, down 2.3%, as Silver and Gold lost around 0.5%. It seems only US equities know something about the weekend as everything else in Europe and US was decidedly not playing along.

The "Stuffing" Is Back As GM's February Dealer Inventory Soars To Second Highest Ever

Submitted by Tyler Durden on 03/01/2013 - For those technical analysis aficionados who enjoy charts that go "from the lower left to the upper right" as much as the next predictor of the future, may we recommend some deep OTM calls on GM's now endless channel-stuffing (a topic we have discussed to death and back here), which saw the bailed out company from the currently bailed out city, a near record 743K cars with dealers - the second highest ever. This is obviously an indication of soaring, if inverse, demand for the cars only federally-funded NINJAs can love.

Friday Humor: World's Safest Banks In 2008

Submitted by Tyler Durden on 03/01/2013 - In September of 2008, Global Finance magazine published its 'World's Safest Banks 2008' list with this comment: "These 10 banks have demonstrated an appropriately prudent approach to risk in providing international financial services; More than ever customers are viewing strong credit quality as an important feature of the banks with which they do business." Things didn't work out quote as they expected...

"Down With Reform"

Submitted by Tyler Durden on 03/01/2013 - Italian electors’ rejection of Brussels-imposed economic diktat is an extraordinarily important moment in the history of modern Europe - perhaps the best political news since the fall of the Berlin Wall. Given the power of unelected technocrats, it is easy to forget that sovereignty in Europe still resides with the nation state as expressed through elections. The problem for those unelected officials who conspired to capture the political system - think Jacques Delors, Jean Claude Trichet or Mario Monti - is the obvious failure of their great project. For the first time a majority of electors has decisively voted against the euro and rejected policies imposed by technocrats. What the eurocrats offer under the banner of "reform" is nothing of the sort but just an increase in their power and the destruction of the incredible diversity which made Europe an endlessly fascinating place. It is time to return to market prices and democracy and to accept that technocracy cannot work.

Guest Post: Programs That Should Be Cut - But Won’t Be Cut - From The Federal Budget

Submitted by Tyler Durden on 03/01/2013 - Washington is laying on the malaise pretty thick lately over automatic budget cuts set to take effect in March, with admonitions and partisan attacks galore.  Of course, those of us who are educated in the finer points of our corrupt puppet government are well aware that the public debate between Democrats and Republicans amounts to nothing more than a farcical battle of Rock’Em Sock’Em Robots with only one set of hands behind the controls.  The reality is, their decisions are scripted, their votes are purchased, and they knew months ago exactly how America’s fiscal cliff situation would progress.  The drama that now ensues on the hill is meant for OUR benefit and distraction, and no one else. There are plenty of irrelevant federal appendages out there that could be amputated, but probably won’t be, while other more useful programs will come under fire.  In the end, the budget cuts are not about saving money; they are about social maneuvering and political gain.  They will be used as an excuse for everything, and will produce nothing favorable, not because cuts are not needed, but because the people in charge of them are not trustworthy.

Bubble On The Margin

Submitted by Tyler Durden on 03/01/2013 - Presented with little comment except to note, each time the NYSE member firms margin-buying has become so vociferously positive over and above the Dow, things have not turned out so well...

Insider Selling-To-Buying Hits Record As Biderman Welcomes "The New Recession"

Submitted by Tyler Durden on 03/01/2013 While not according to official government statistics (yet), which we have come to trust so Pavlovian-ly, TrimTab's CEO Charles Biderman notes that based on what is important - the growth (or lack thereof) of real-time wages and salaries, the US economy has slowed enough to enter into recession. Following December's aberrant jumps thanks to tax hike concerns, after-tax wages and salaries (net of inflation) have been shrinking year-over-year since the second week in January. But it gets better, withheld income and employment taxes have been running about 8.3% higher year-over-year. While retail is being told to buy-buy-buy, Biderman exclaims that "insiders at U.S. companies have bought the least amount of shares in any one month," and that the ratio of insider selling to buying is now 50-to-1 - a monthly record. "So far the mass delusion is holding."

Would You Trust Your Life Savings To This Man?

Submitted by Tyler Durden on 03/01/2013 Every now and then you get a glimpse. A vision of reality that confirms the surreality occurring all around us. This time it comes courtesy of Coleman Andrews, co-founder of Bain Capital, who asks bluntly how confident can investors be that this monetary program will have the effects that the Fed claims it will have? A look at what Fed Chairman Bernanke was saying in the run-up to the 2008 financial turmoil gives some insight into the Fed's record at predicting market outcomes. A must-watch 150 seconds today as it appears belief in Bernanke's omnipotence is back for a moment as he asks "would you trust your life-savings to an institution with that recent record of completely missing what happened in the housing sector and more broadly in the economy." Indeed...

CONSUMER SPENDING DROUGHT: 16 SIGNS THAT THE MIDDLE CLASS IS RUNNING OUT OF MONEY
http://albertpeia.com/16signsmidclassoutofmoney.htm

Guest Post: Diminishing QE Returns And The Coming 40% Correction

Submitted by Tyler Durden on 02/28/2013 - Chris Martenson is issuing an official warning of a major stock market correction within the next few months. He's only done this once before (in 2008). He's seeing a convergence of both technical and fundamental data that are flashing oversized risks to the downside for asset prices, despite the Federal Reserve's money printing mania (which is showing signs of hitting diminishing returns). He expects the fall in equity prices to happen within the May-September window. This downdraft will be characterized by lots of volatility, formed by market routs and Fed-inspired rescues, alternating until some form of bottom is reached. Along the way there will likely be a flight for "safety" into the dollar and Treasury paper, but only during the first stage of this crisis. Once a bottom is reached - he expects anywhere from 40% to 60% lower than the current ~1500 level on the S&P 500 - the process will begin to be dominated by rising government borrowing which will cause interest rates to begin to rise. When that happens, expect capital to flee the paper market for hard assets. In particular, that's when the upwards price revolution in the gold and silver markets will kick into high gear.

You Rarely Know You're In A Recession Until It's Too Late

Submitted by Tyler Durden on 02/28/2013 - 16:52

Whether or not you believe it would have made a difference to 'know' or not, the facts are that over the course of US economic history, you rarely know you're in a recession until long after it starts. Would you still chase day after day? Could you stand to watch the greater fools buying in the belief they are not the patsy? The following six facts might put things into perspective...

Girls Gone Filed

Submitted by Tyler Durden on 02/28/2013 - http://albertpeia.com/girlsgonewild.jpg

Founded By Geniuses And Run By Idiots http://albertpeia.com/americarunbyidiots.htm

ALL OF THIS WHINING AND CRYING ABOUT THE SEQUESTER SHOWS WHY AMERICA IS DOOMED

http://albertpeia.com/americadoomed.htm

Founded By Geniuses And Run By Idiots Submitted by Tyler Durden on 02/27/2013 http://albertpeia.com/americarunbyidiots.htm ‘H. L. Mencken correctly observed: "Government is actually the worst failure of civilized man. There has never been a really good one, and even those that are most tolerable are arbitrary, cruel, grasping and unintelligent." The following 14 rhetorical questions should provide food for thought as they suggest... "you might live in a country founded by geniuses but run by idiots."

WILL ITALY BE THE SPARK THAT SETS OFF FINANCIAL ARMAGEDDON IN EUROPE?

http://albertpeia.com/financialarmageddoneurope.htm

Third Time’s the Charm: How Will The Fed Deal With THIS Bubble?

http://albertpeia.com/3strikesyoureout.htm

The Fed Has Set Us Up For the Crash of 2013

http://albertpeia.com/fedsetsupcrash2013.htm

The Sequestration Debate Misses the REAL Issue Posted by : George Washington Post date: 02/25/2013 - Waste and Fraud Are the Real Causes of the Deficit

50 Signs That The U.S. Health Care System Is A Gigantic Money Making Scam That Is About To Collapse

http://albertpeia.com/50signsushealthcaresytemcollapse.htm

The Banks Show No Mercy: 10 Foreclosure Horror Stories That Will Blow Your Mind

http://albertpeia.com/banksshownomercy.htm

Oscar winners in photos Marketwatch { Say what you want about Kentucky; but, some band’s got to come up with the song, ‘Kentucky (not California) Girls’. Whew! Ridley Scott had a great find in Sean Young (‘Blade Runner’). But Jennifer Lawrence? Wow! What a spectacular, total babe! And, she can shoot a bow and arrow too (I think). Parenthetically, while there are many aspects of a actor’s performance/demeanor/actions on and off the set that constitute worthy scrutiny, falling on the way to pick up an Oscar for Best Actress at age 22 is definitely not one of them. Totally meaningless and appropriately forgettable. If she was wearing running shoes and short shorts, that never would have happened. After all, when really will she wear such garb, albeit exquisite on her, again?…Next Academy Awards Oscar Ceremony to pick up another, and another, etc., of course. Yet, one can hardly say ‘practice makes perfect’ when referencing such an exotic creature as she. }

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

2-28-13 CONSUMER SPENDING DROUGHT: 16 SIGNS THAT THE MIDDLE CLASS IS RUNNING OUT OF MONEY
http://theeconomiccollapseblog.com
http://albertpeia.com/16signsmidclassoutofmoney.htm

Guest Post: Diminishing QE Returns And The Coming 40% Correction

Submitted by Tyler Durden on 02/28/2013 - Chris Martenson is issuing an official warning of a major stock market correction within the next few months. He's only done this once before (in 2008). He's seeing a convergence of both technical and fundamental data that are flashing oversized risks to the downside for asset prices, despite the Federal Reserve's money printing mania (which is showing signs of hitting diminishing returns). He expects the fall in equity prices to happen within the May-September window. This downdraft will be characterized by lots of volatility, formed by market routs and Fed-inspired rescues, alternating until some form of bottom is reached. Along the way there will likely be a flight for "safety" into the dollar and Treasury paper, but only during the first stage of this crisis. Once a bottom is reached - he expects anywhere from 40% to 60% lower than the current ~1500 level on the S&P 500 - the process will begin to be dominated by rising government borrowing which will cause interest rates to begin to rise. When that happens, expect capital to flee the paper market for hard assets. In particular, that's when the upwards price revolution in the gold and silver markets will kick into high gear.

You Rarely Know You're In A Recession Until It's Too Late

Submitted by Tyler Durden on 02/28/2013 - 16:52

Whether or not you believe it would have made a difference to 'know' or not, the facts are that over the course of US economic history, you rarely know you're in a recession until long after it starts. Would you still chase day after day? Could you stand to watch the greater fools buying in the belief they are not the patsy? The following six facts might put things into perspective...

The Recent FOMC Minutes Should Anger Every Investor

Submitted by Tyler Durden on 02/28/2013

With gold dropping nearly 3% on February 20, we had to look closely at the FOMC minutes, which were partially responsible for that movement. Since there are quite a few highlights, we have split this analysis into three sections: the confusion over the minutes in the market; the ambiguous language hinting at deep problems; and a few quotes to make your blood boil.

Girls Gone Filed

Submitted by Tyler Durden on 02/28/2013 - http://albertpeia.com/girlsgonewild.jpg

You know America is in trouble when a company that does nothing but create TV-style shows of college-age women in next-to-no clothes goes bankrupt but sure enough the company behind the "Girls Gone Wild" videos filed Chapter 11 today to protect itself from $10.3 million debt claimed by Steve Wynn’s Wynn Las Vegas LLC (after losing a slander lawsuit suggesting Wynn knowingly tricked high-end gamblers) and a $5.8 million award won by a woman who says the company used naked images of her without permission in the “Girls Gone Wild Sorority Orgy” DVD series. The bankruptcy enables the company "to restructure its frivolous and burdensome legal affairs," and just like GM and UA (the company states reassuringly) it will be business-as-usual for Girls Gone Wild. In perhaps the clearest analog for America, the company had $16.3mm in debt and $50k in assets - now that is leverage-able wealth-effect.

IceCap Asset Management: "The Worst Is Over"

Submitted by Tyler Durden on 02/28/2013

The dark ages were an awful time. Considering the brightest days delivered constant warfare, the burning of books, and the fear of barbarians, no one ever looked forward to the darkest days. Fast forward 1,600 years, and the darkest days of the European debt crisis are finally over - not because the bad debt has been written off or due to the consolidation of all debt, but simply because everyone has said so. Exactly who is telling lies and who is telling the truth will only be determined in due course. Without a doubt, global economic growth remains stagnate, yet stock markets are booming. Our message on financial markets remains very consistent – do not confuse strong financial markets with a strong underlying economy. While this may sound like hogwash to many investors and investment professionals, it is the extreme, unorthodox, and never-before-tried policies by the World’s central banks that is the reason for the march higher for stocks. Regardless, for those who honestly believe in the recovery, ask yourself the following questions...

Extended Claims Jump 8.5% As Initial Claims Continue Sideways Crawl

Submitted by Tyler Durden on 02/28/2013

Initial claims beat expectations but remain in a narrow 'flat' range for the last year. Non-seasonally-adjusted claims dropped notably to their lowest in 5 months. Since January we have seen multiple estimated states and a lot of choppy noise in the initial claims data. Against this choppiness in the main headline data is the swings in Emergency Unemployment Compensation (EUC) benefits which rose 10% or 187k. One thing is for sure, the last two months have seen an unprecedented amount of noise in the claims data that we can only put down to seasonally-affected-disorder (or statistical idiocy with 5 sigma swings the new normal).

Negative Q4 GDP Revised To Barely Positive, Misses Expectations

Submitted by Tyler Durden on 02/28/2013

From -0.1% to +0.1% (on expectations of a 0.5% print): the Q4 GDP revision was the smallest possible to make it seem that the US economy grew in the fourth quarter. A quick look at the components, however, reveals more of the same, with a small drop in the consumption contribution to GDP (from 1.52% to 1.47%), Fixed investment growing modestly, as well as imports, while the negative components remained roughly in line, with Inventories detracting the most from growth in Q4, or 1.55%. If JCP is any indication, expectations of aggressive inventory restocking in Q1 may be very optimistic. One thing is clear - the general GDP trendline is ugly, and we may now see downward revisions to Q1 growth forecasts in the aftermath of today's number.

Frontrunning: February 28

Submitted by Tyler Durden on 02/28/2013

Grillo kills move to break Italy deadlock (FT)

Abe nominates Kuroda to run BoJ (FT)

More WMT bad news: Wal-Mart Chief Administrative Officer Mars to Leave: WSJ (BBG)

Japan's Abe: Islands Are Indisputably Ours (WSJ) - Except for China of course

Low-key departure as pope steps down, to enter the final phase of his life "hidden from the world" (Reuters)

Cuts unlikely to deliver promised budget savings (Reuters)

European Union caps bankers’ bonuses (FT)

White House, Republicans dig in ahead of budget talks (Reuters)

Jockeying Stalls Deal on Cuts (WSJ)

Argentina Says It Won’t Voluntarily Comply With Bond Ruling (BBG)

Italian president says forming new government cannot be rushed (Reuters) - or happen at all

Central Banks Spewing Cash Must Plan Exit Timing, Rohde Says (BBG)

China Regional Targets Cut in Sign Debt Concerns Heeded (BBG)

RBA Says Up to 34 Central Banks Holding Australian Dollars (BBG)

Guest Post: All Of This Whining About The Sequester Shows Why America Is Doomed

Submitted by Tyler Durden on 02/28/2013 http://albertpeia.com/americadoomed.htm

If we can't even cut federal spending by 2.4 percent without much of the country throwing an absolute hissy fit, then what hope does America have?  All of this whining and crying about the sequester is absolutely disgraceful.  The truth is that even if the sequester goes into effect, the U.S. government will still take in more money than ever before in 2013 and it will still spend more money than ever before in 2013.  So it is a bit disingenuous to call what is about to happen "a spending cut", but for the sake of argument let's concede that point. If this is how bad things are now, how bad will they be when a day of reckoning for our economy arrives? And a day of reckoning is coming. Our politicians can try to keep kicking the can down the road for as long as they can, but eventually time will run out.  We can borrow our way to prosperity for a while, but in the end there is always a very bitter price to pay for doing so. I would love to tell you that there is a chance that all of this will be turned around, but the truth is that all of this whining and crying about the sequester shows that America is doomed.

Founded By Geniuses And Run By Idiots http://albertpeia.com/americarunbyidiots.htm

Italy Is Not Spain - It's Worse

Submitted by Tyler Durden on 02/28/2013

With Rajoy quietly gloating at his political fraud being off the front-pages thanks to Italian elections, it seems the more we dig into Italian reality, the weaker the story becomes. The meme of the last few years has been that "at least we're not as bad as Greece" and rightly so, for as Bloomberg's Niraj Shah notes today, Greece's poverty rate is a stunning 31% (against Holland's 15.7%). However, while all eyes have been focused on Spain's dismal economy, the sad reality is that Italy is worse than Spain in that its poverty rate is a breath-taking 28.2% (relative to Spain's 27%) - even though the unemployment rates in the two nations are vastly different (Spain 26% and Italy 11.2%). Given this fact it is perhaps not surprising that the 'people' voted against austerity and furthermore, that Italy's CDS has pushed above Spain's for the first time in over a year.

Party Like There's No Tomorrow

Submitted by Tyler Durden on 02/28/2013

Money is not like a commodity; there is no end to it. You don’t have to grow it, find it in the ground, drill for it or plant it in the spring. It is not even that the supply of lumber will curtail the paper for most of it is not printed at all. Made from nothing, recorded on a spreadsheet, sent out across the wires, a digital divinity of man’s own creation. It is a world that none have seen before. It is not Huxley’s “Brave New World” but something far stranger; a financial system cobbled together in counting houses and made from nothing but air. In the last days Bernanke promised that the feeding would continue, Draghi promised a food laden table without end and the Band of Merry Men rejoiced and the gauge of their elevated mood, the markets, responded accordingly and the party continued.

ALL OF THIS WHINING AND CRYING ABOUT THE SEQUESTER SHOWS WHY AMERICA IS DOOMED

http://albertpeia.com/americadoomed.htm

Founded By Geniuses And Run By Idiots Submitted by Tyler Durden on 02/27/2013 http://albertpeia.com/americarunbyidiots.htm ‘H. L. Mencken correctly observed: "Government is actually the worst failure of civilized man. There has never been a really good one, and even those that are most tolerable are arbitrary, cruel, grasping and unintelligent." The following 14 rhetorical questions should provide food for thought as they suggest... "you might live in a country founded by geniuses but run by idiots."

WILL ITALY BE THE SPARK THAT SETS OFF FINANCIAL ARMAGEDDON IN EUROPE?

http://albertpeia.com/financialarmageddoneurope.htm

Third Time’s the Charm: How Will The Fed Deal With THIS Bubble?

http://albertpeia.com/3strikesyoureout.htm

The Fed Has Set Us Up For the Crash of 2013

http://albertpeia.com/fedsetsupcrash2013.htm

The Sequestration Debate Misses the REAL Issue Posted by : George Washington Post date: 02/25/2013 - Waste and Fraud Are the Real Causes of the Deficit

50 Signs That The U.S. Health Care System Is A Gigantic Money Making Scam That Is About To Collapse

http://albertpeia.com/50signsushealthcaresytemcollapse.htm

The Banks Show No Mercy: 10 Foreclosure Horror Stories That Will Blow Your Mind

http://albertpeia.com/banksshownomercy.htm

Oscar winners in photos Marketwatch { Say what you want about Kentucky; but, some band’s got to come up with the song, ‘Kentucky (not California) Girls’. Whew! Ridley Scott had a great find in Sean Young (‘Blade Runner’). But Jennifer Lawrence? Wow! What a spectacular, total babe! And, she can shoot a bow and arrow too (I think). Parenthetically, while there are many aspects of a actor’s performance/demeanor/actions on and off the set that constitute worthy scrutiny, falling on the way to pick up an Oscar for Best Actress at age 22 is definitely not one of them. Totally meaningless and appropriately forgettable. If she was wearing running shoes and short shorts, that never would have happened. After all, when really will she wear such garb, albeit exquisite on her, again?…Next Academy Awards Oscar Ceremony to pick up another, and another, etc., of course. Yet, one can hardly say ‘practice makes perfect’ when referencing such an exotic creature as she. }

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

2-27-13 ALL OF THIS WHINING AND CRYING ABOUT THE SEQUESTER SHOWS WHY AMERICA IS DOOMED

http://theeconomiccollapseblog.com

http://albertpeia.com/americadoomed.htm

Founded By Geniuses And Run By Idiots

Submitted by Tyler Durden on 02/27/2013 http://albertpeia.com/americarunbyidiots.htm

‘H. L. Mencken correctly observed: "Government is actually the worst failure of civilized man. There has never been a really good one, and even those that are most tolerable are arbitrary, cruel, grasping and unintelligent." The following 14 rhetorical questions should provide food for thought as they suggest... "you might live in a country founded by geniuses but run by idiots."

The Bernanke Circ(us)

Submitted by Tyler Durden on 02/27/2013

Main Street Sours As Wall Street Soars

Submitted by Tyler Durden on 02/27/2013

"Wealth Effect"

Bernanke's 'Inflation' Record

Submitted by Tyler Durden on 02/27/2013

Addressing a question yesterday, from Senator Bob Corker, on his "being the biggest dove since World War II" and the "degrading effects that he's having on society," Bernanke responded proudly that be believed his "inflation record is the best of any Federal Reserve Chairman in the post-war period." Of course that is by his measure. We suggest, he and few of his transitory colleagues look at the chart below for a sense of just what his 'dovishness' looks like to the rest of the food- and energy-consuming world... or perhaps by 'best' he means 'most'.

JCPenney Reports Horrific Results, Stock Plunges

Submitted by Tyler Durden on 02/27/2013

At what point does Bill Ackman throw in the towel and admit that his latest windmill crusade is unsalvageable? Perhaps somewhere around now:

Q4 EPS: ($1.95), Exp. ($0.19) - No, there was no decimal comma error here.

Q4 Revenues: $3.884 billion, Exp. $4.09 billion. This includes a "free" 53rd week in the year which generated $163 million. Ex this, Q4 revenue was $3.721 billion.

Q4 Comp store sales excluding the 53rd week were down 31.7%

Q4 Interent sales down 34.4%  - must be the store layout's fault

Q4 Gross margin: 23.8%, Exp. 30.9%;  (30.2% last); "Gross margin was impacted by lower than expected sales and a higher level of clearance merchandise sales related to inventory reductions in 2012"

2012 cash burn was a gargantuan $906 million; this compares to cash flow of +$23 million in 2011.

And so on. Stock should be down much more, but someone keeps on buying it after hours to telegraph that this epic disaster was "expected"

Stocks Surge On Endless Easy Money Promises As Italy Is Long Forgotten

Submitted by Tyler Durden on 02/27/2013

Stocks surged their most in 2013 today on slightly above-average volume as the Dow pushed towards its all-time closing highs and Transports went vertical (up 3.5% in Feb). While it no longer matters, it is worth noting that Treasuries and FX markets were not partaking as a broad basket of risk-assets suggests the S&P going out 20 points rich to reality. Materials are stil -1.5% on the month and Staples are leading +2.4%. In the last hour, the S&P even left behind its main driver - VIX - as the 'fear' index could not break below 14.5%. Of most notice today was the fact that equities have retraced all of their losses from the Italian election headlines and recoupled with gold on the week. The high-yield bond ETF HYG rose along with stocks but also notably the underlying HY bond market actually saw selling pressure as HYG's intrinsic value dropped markedly. Late on, trade size rose notably as S&P futures touched the under-side of the 3-month up-trend channel.

The Long And Short Of Risk-On, Risk-Off

Submitted by Tyler Durden on 02/27/2013

From David Rosenberg: "One thing to keep in mind that could well limit the severity of any near-term correction is the Fed. Recall that in 2010 and again in 2011. the Fed was scheduled to terminate its Quantitative Easing programs and this aggravated the selloff. So after crying 'uncle' twice to stem the market's decline and extending QE, the Fed late last year introduced perpetual QE — and Bernanke yesterday gave no sign at all that he is about to back away from the program. He doesn't see bubbles forming: and if he did, he made it quite clear that the dual mandate of full employment (not there with a U6 rate over 14%) and price stability (in the current case, preventing deflation) would still take precedence. I have long cited the 85% correlation between the Fed's balance sheet and the market's direction over the past four years — the extent to which the laws of diminishing returns begin to set in will be interesting to see, me-thinks, over the next several weeks and months."

German FinMin Warns "I Never Said The Euro Crisis Was Over"

Submitted by Tyler Durden on 02/27/2013

Following on the heels of Merkel's adviser Lars Feld's comments, German finance minister Schaeuble has raised concerns over the results of the Italian elections. His comment that,"I never said the euro crisis was over," stands in contrast to the claims of Monti, Draghi, Lagarde, Barroso, and Sarkozy who all have. along with the market's "doubts that a stable government can be formed," raises the risk of turmoil spreading to other euro countries. Schaeuble commented further that, "now it is up to those who were elected in Italy on Sunday to form a stable government. The faster they do this, the quicker the uncertainty will be overcome." The problem, as Reuters reports, appears to be not just Italy's public dissension over Germany's demands for austerity but his French counterpart's comments that "austerity has gone far enough," to which the German rebuked, "France must also do more here, Hollande knows this and so does Pierre Moscovici." Tension is certainly rising in the depression-addled union, even as Draghi explains - it's all ok, he promises.

Santelli On The Securitization Of Gold

Submitted by Tyler Durden on 02/27/2013

Having started trading gold futures over 30 years ago, CNBC's Rick Santelli has seen a few changes over the years. From its true high in Feb 1980 at around $2300 (inflation-adjusted), the biggest shift he and his guest have seen is the evolution of ETFs and the implicit securitization of gold. This took the 'complication' out of trading gold and enabled those who did not wish to hold physical to participate. But Santelli asks the critical question, "didn't it take the whole point away [of investing in gold]?" From the 'old days' when gold and silver were physically held and passed down and considered wealth to the current incorrect belief system of paper gold, the myth-shattering-Chicagoan exclaims to the precious metal ETF holders, "for the Ayn Rand'ers, if the financial world comes to an end, you're not going to have the gold, you're going to have a piece of paper."

High Frequency Wallpaper: When Knight Went Dark

Submitted by Tyler Durden on 02/27/2013

See if you can find when the Knight algo was turned off on August 1st 2012? Think that was a lone rogue algo? This is what our 'market' has become, as Nanex explains, a Knightmare on Wall Street...

Total Disconnect Between FX/Bonds And Stocks

Submitted by Tyler Durden on 02/27/2013

It's one of those days. The world looks on as Bernanke speaks and the S&P 500 levitates 20 points in a straight line wealth-effect-confirming way. However, it appears the FX and Bond markets just can't get excited about all this... Of course, all that matters is the foot on the neck of spot VIX (which is now back below 15%) and Bernanke's confirmation that housing has bottomed (again).

A Century Of French And Italian Economic Decline

Submitted by Tyler Durden on 02/27/2013

Europe's dual problems of low growth and weak profit margins combined with this week's vote in Italy are likely to usher in another period of European underperformance, but as JPMorgan's Michael Cembalest notes, that is the least of it as Italy overtook Japan with the worst real GDP growth of all advanced economies since 1991. In fact, other than wartime, the last few years in Italy have been the worst for growth since Italian unification in 1861. But, before the rest of Europe gloats that 'they are not Italy, or Greece', he reminds us that the slowness of French GDP growth in recent years is the slowest in over 80 years. As he warns, all things considered, from an investment standpoint, caution continues to be warranted as problems appear to be taking their toll on EU profitability.

Europe Limps Higher After Italy Auctions Debt At Four-Month High Yields

Submitted by Tyler Durden on 02/27/2013

And yay verily there was much rejoicing that Italy managed to sell a few billion euros worth of its sovereign debt to its banking system (albeit at the highest accepted yield since October 2012). However, the rejoicing was hardly effusive as bonds and stocks gained only marginally, buoyed by catch-up from yesterday's US equity markets. Swiss 2Y rates remain at zero and EUR-USD basis swaps came back a little but overall this bounce is nothing to celebrate with Italian 10Y spreads still 47bps wider on the week and Spain 23bps wider. Italian stocks outperformed credit, now down 2.6% on the week as Europe's VIX followed US down but remains above Monday's close at 22%. EURUSD ran up to test the 1.3130 stops and faded back to its comfort zone around 1.3100. As a reminder, European bank spreads are holding at their widest in 3 months and point to notably weaker prices in European financial stocks (were of course they allowed to trade in a free non-short-sale-banned market).

Bank Deposits Decline Across Europe In January

Submitted by Tyler Durden on 02/27/2013

There was much press coverage of the December jump in European bank deposits: a veritable litany of pundits said that it was an indication of the recovery in the European financial system, how faith in the banking system is coming back, and that European consumers are so wealthy they actually have excess cash they can deposit at their bank. Perhaps it is not very surprising, then, that we have yet to hear a peep about the fact that overnight the ECB reported that deposits at all key core and peripheral European countries declined. Wait, we know: "it's seasonal."

Chris Christie Says "God-Awful" Atlantic City Government "Going Down The Chute"

Submitted by Tyler Durden on 02/27/2013

A week after the epic fail of Atlantic City's Revel casino, and in the middle of the gambling 'mecca's rebuilding, the mayor of this always-above-board city has voted himself a $16,000 per annum pay rise; why not, he is entitled, right? Well it seems Chris Christie has a few things to say about that:

*CHRISTIE BLASTS ATLANTIC CITY MAYOR FOR $16,000 PAY RAISE
*CHRISTIE SAYS A.C. GOVERNMENT `GOING DOWN THE CHUTE'
*CHRISTIE SAYS ATLANTIC CITY GOVERNMENT IS `GOD-AWFUL'

Frontrunning: February 27

Submitted by Tyler Durden on 02/27/2013 - 07:41

Wal-Mart's Sales Problem—And America's (WSJ)

Investors fret that Italy may undermine ECB backstop (Reuters)

Monti Government Mulls Delaying Monte Paschi Bailout (BBG)

Norway Faces Liquidity Shock in Record Redemption (BBG)

ECB's Praet Says Accommodative Policy Could Lose Effectiveness (BBG)

EU Chiefs Tell Italy There’s No Alternative to Austerity (BBG)

New Spate of Acrimony in congress As Cuts Loom (WSJ)

BOE's Tucker hints at radical growth moves (FT)

Kuroda Seen Getting DPJ Vote for BOJ, Iwata May Be Opposed (BBG)

Russian Banks Look to Yuan Bond Market (WSJ)

Dagong warns about rising debt (China Daily)

Italy Election Impasse Negative for Credit Rating, Moody’s Says (BBG)

WILL ITALY BE THE SPARK THAT SETS OFF FINANCIAL ARMAGEDDON IN EUROPE?

http://albertpeia.com/financialarmageddoneurope.htm

Third Time’s the Charm: How Will The Fed Deal With THIS Bubble?

http://albertpeia.com/3strikesyoureout.htm

The Fed Has Set Us Up For the Crash of 2013

http://albertpeia.com/fedsetsupcrash2013.htm

The Sequestration Debate Misses the REAL Issue Posted by : George Washington Post date: 02/25/2013 - Waste and Fraud Are the Real Causes of the Deficit

50 Signs That The U.S. Health Care System Is A Gigantic Money Making Scam That Is About To Collapse

http://albertpeia.com/50signsushealthcaresytemcollapse.htm

The Banks Show No Mercy: 10 Foreclosure Horror Stories That Will Blow Your Mind

http://albertpeia.com/banksshownomercy.htm

Oscar winners in photos Marketwatch { Say what you want about Kentucky; but, some band’s got to come up with the song, ‘Kentucky (not California) Girls’. Whew! Ridley Scott had a great find in Sean Young (‘Blade Runner’). But Jennifer Lawrence? Wow! What a spectacular, total babe! And, she can shoot a bow and arrow too (I think). Parenthetically, while there are many aspects of a actor’s performance/demeanor/actions on and off the set that constitute worthy scrutiny, falling on the way to pick up an oscar for best actress at age 22 is definitely not one of them. Totally meaningless and appropriately forgettable. If she was wearing running shoes and short shorts, that never would have happened. After all, when really will she wear such garb, albeit exquisite on her, again?…Next Academy Awards Oscar Ceremony to pick up another, and another, etc., of course. Yet, one can hardly say ‘practice makes perfect’ when referencing such an exotic creature as she. }

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

2-26-13 WILL ITALY BE THE SPARK THAT SETS OFF FINANCIAL ARMAGEDDON IN EUROPE?

http://theeconomiccollapseblog.com

http://albertpeia.com/financialarmageddoneurope.htm

Third Time’s the Charm: How Will The Fed Deal With THIS Bubble?

February 26, 2013 http://gainspainscapital.com

http://albertpeia.com/3strikesyoureout.htm

Value, Business Model, and Insider Selling http://www.wealthdaily.com

Three Stocks to Sell Now FEB 26 - CHRISTIAN A. DEHAEMER

While new money is flowing into the stock market, insiders are getting out. Christian DeHaemer shares three secrets to knowing what to sell.

How America Makes Up For The Lack Of Manufacturing

Submitted by Tyler Durden on 02/26/2013

...by charging insane amounts for services, such as these... http://albertpeia.com/etc_upcharge09__01__950_0.jpg

Guest Post: Gold Manipulation, Part 2: How They Do It (And How To Hedge It)

Submitted by Tyler Durden on 02/26/2013

This is the second of three articles on the suppression of gold. In the first article we showed that, under mainstream economic theory, the suppression of the gold market is not a conspiracy theory, but a logical necessity, a logical outcome. This second article will show how that suppression takes place, and potentially how to protect ourselves from that manipulation.

The Men Who Built America: Remembering The Gilded Age Part 4

Submitted by Tyler Durden on 02/26/2013

In the final part of History Channel's four-part series (Part 1, Part 2, and Part 3 here) we see how these five men - John D. Rockefeller, Cornelius Vanderbilt, Andrew Carnegie, Henry Ford and J.P. Morgan - led the way from Civil War to the Great Depression and through to World War I. Whether for better or worse; for richer or poorer, in ethical and societal sickness or health, railroads, oil, steel and electricity had all been harnessed in less than 50 years, but the face of America was changing and would never be the same.

Trust Me, This Time Is Different

Submitted by Tyler Durden on 02/26/2013

By 1789, a lot of French people were starving. Their economy had long since deteriorated into a weak, pitiful shell. Decades of unsustainable spending had left the French treasury depleted. The currency was being rapidly debased. Food was scarce, and expensive. Perhaps most famously, though, the French monarchy was dangerously out of touch with reality, historically enshrined with the quip, “Let them eat cake.” Along the way, the government tried an experiment: issuing a form of paper money. It didn’t matter to the French politicians that every previous experiment with paper money in history had been an absolute disaster. The Bourbon monarchy paid the price for it, eventually losing their heads in a 1793 execution. History shows there are always consequences to entrusting a paper money supply to a tiny handful of men. The French experiment is but one example. Our modern fiat experiment will be another.

Biderman Blasts "Sequestration Bullshit" And The Government's Big Lie

Submitted by Tyler Durden on 02/26/2013

The sequestration bullshit is driving TrimTabs' CEO Charles Biderman nuts - and rightly so. As we showed recently, the actual scale of the earth-shattering cuts, while not insignificant, are small and if the shills on TV preaching the end of the world from sequestration did the math they would see it is a mere 6% drop in non-entitlement government spending that is set to destroy the economy. Biderman exclaims, "what is apparent to me is that our government is becoming very good at the big lie," as they exaggerate any and everything to their own needs. It is obvious, he adds, "that our government is deeply committed to not reducing the size of government, and is willing to outright lie," but he saves the epic rant that we come to expect for Paul Krugman. Just as Irving Fisher's infamous 1929 pre-crash call that equities have reached a permanently high plateau; Biderman suggests Krugman will be remembered as erroneously claiming that 'deficits don't matter', as he reminds us of Emperor Caracella's 268AD reign of insidious taxation and currency debasement that ended in 1000% inflation and the end of the Roman Empire. Well worth the price of admission...

Bernanke's Tools: "Belts, Suspenders... Two Pairs Of Suspenders" And Other Senate Testimony Highlights

Submitted by Tyler Durden on 02/26/2013 - 20:20

Ben Bernanke: "In terms of exiting from our balance sheet, we have put out -- a couple of years ago we put out a plan; we have a set of tools. I think we have belts, suspenders -- two pairs of suspenders. We have different ways that we can do it."

Guest Post: Be Careful: Russia Is Back To Stay In The Middle East

Submitted by Tyler Durden on 02/26/2013

Russia is back. President Vladimir Putin wants the world to acknowledge that Russia remains a global power.  He is making his stand in Syria. The Russians are troubled by what they see as a growing trend among the Western Powers to remove disapproved administrations in other sovereign countries and a program to isolate Russia. Again, Russia is seeing Washington’s hand in Syria in the conflict with Iran. The Russians are backing their determination to block another regime change by positioning and manning an advanced air defense system in what is becoming the Middle East casino.  Putin is betting that NATO will not risk in Syria the cost that an air operation similar to what was employed over Libya will impose.  Just in case Russia’s determination is disregarded and Putin’s bluff is called, Surface to surface Iskander missiles have been positioned along the Jordanian and Turkish frontiers. Putin is certain that he is holding the winning hand in this very high stakes poker game. When the Turks and U.S see that there is little chance of removing Al-Assad, they will have no option other than to negotiate a settlement with him; and that would involve Russia as the protector and the mediator.

Merkel Advisor Feld: "Euro Crisis Will Return Shortly And With A Vengeance"

Submitted by Tyler Durden on 02/26/2013

For all the groundless, starry-eyed optimism permeating Europe's bureaucratic corridors of the fading oligarchy these days (because this time is not like every other time that, too, was different), there has always existed one sure, never-fail antidote: Germany, which without fail has managed to ground Europe any time its delusion of grandure hit escape velocity. Sure enough, while all the statist soothsayers who threatened with armageddon if the outcome of the Italian elections happened to be precisely the one that transpired, were stuck in backpedal mode, and scrambling to calm nerves that all shall be well after all, one person who refuses to play by the script is Lars Feld, member of panel of economic advisers to German Chancellor Angela Merkel, who in an interview with the Frankfurter Allgemeine Zeitung tomorrow says the euro crisis is to return shortly and "with a vengeance" as capital loss will lead to higher risk premiums for Italy’s interest rates.

As Goes China, So Goes The World And Definitely Australia

Submitted by Tyler Durden on 02/26/2013

While China depends on only one nation for 15% or more of its exports (US 17.3%), Bloomberg's Michael McDonough notes that an incredible 35 nations depend of China for at least 15% of the exports; up from just 4 in 2001. Most are emerging markets or major commodity producers with the shift being driven by China's demand for raw materials, fueled by its investment-led growth model and the stimulus package following the global financial crisis. This gross dependence leaves the world's economy increasingly susceptible to shifts in the Chinese business cycle - most notably Australia which relies on China for a massive 30% of its export demand. This is almost double the next largest developed nation of Japan (which relies on China for 18.5% of its exports) though tensions between the two nations has led to an almost 10% decline in Chinese imports of Japanese goods since September. As we have noted, China has become a key source of FDI in Africa in recent years and 12 of the 20 most-China-dependent economies are from that continent; but as China attempts to transition from investment toward consumption, demand for commodities may slow and downside risk grows for these dependent commodity-producing nations.

Frontrunning: February 26

Submitted by Tyler Durden on 02/26/2013 - 07:49

Italy Political Vacuum to Extend for Weeks as Bargaining Begins (BBG)

Italian impasse rekindles eurozone jitters (FT)

On Spending Cuts, the Focus Shifts to How, Not If (WSJ)

Obama spending cuts strategy focused on waiting game (Reuters)

BOE’s Tucker Says He’s Open to Expanding Asset-Purchase Program (BBG)

Fed Faces Explaining Billion-Dollar Losses in Stress of QE3 Exit (BBG)

Carney warns over lack of trust in banks (FT) - here's a solution: moar bank bailouts!

Bundesbank tells France to stick to budget (FT)

China to tighten shadow banking rules (FT)

Saudis Step Up Help for Rebels in Syria With Croatian Arms (NYT)

After election win, Anastasiades faces Cyprus bailout quagmire (Reuters)

Just for the headline: Singapore’s Darwinian Budget Sparks Employer Ire (BBG)

The Fed Has Set Us Up For the Crash of 2013

http://albertpeia.com/fedsetsupcrash2013.htm

The Sequestration Debate Misses the REAL Issue Posted by : George Washington Post date: 02/25/2013 - Waste and Fraud Are the Real Causes of the Deficit

50 Signs That The U.S. Health Care System Is A Gigantic Money Making Scam That Is About To Collapse

http://albertpeia.com/50signsushealthcaresytemcollapse.htm

The Banks Show No Mercy: 10 Foreclosure Horror Stories That Will Blow Your Mind

http://albertpeia.com/banksshownomercy.htm

Oscar winners in photos Marketwatch { Say what you want about Kentucky; but, some band’s got to come up with the song, ‘Kentucky (not California) Girls’. Whew! Ridley Scott had a great find in Sean Young (‘Blade Runner’). But Jennifer Lawrence? Wow! What a spectacular, total babe! And, she can shoot a bow and arrow too (I think). Parenthetically, while there are many aspects of a actor’s performance/demeanor/actions on and off the set that constitute worthy scrutiny, falling on the way to pick up an oscar for best actress at age 22 is definitely not one of them. Totally meaningless and appropriately forgettable. If she was wearing running shoes and short shorts, that never would have happened. After all, when really will she wear such garb, albeit exquisite on her, again?…Next Academy Awards Oscar Ceremony to pick up another, and another, etc., of course. Yet, one can hardly say ‘practice makes perfect’ when referencing such an exotic creature as she. }

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

2-25-13 The Fed Has Set Us Up For the Crash of 2013

February 25, 2013 http://gainspainscapital.com

http://albertpeia.com/fedsetsupcrash2013.htm

The Sequestration Debate Misses the REAL Issue Posted by : George Washington Post date: 02/25/2013 - Waste and Fraud Are the Real Causes of the Deficit

50 Signs That The U.S. Health Care System Is A Gigantic Money Making Scam That Is About To Collapse

http://theeconomiccollapseblog.com

http://albertpeia.com/50signsushealthcaresytemcollapse.htm

The Banks Show No Mercy: 10 Foreclosure Horror Stories That Will Blow Your Mind

http://endoftheamericandream.com

http://albertpeia.com/banksshownomercy.htm

Oscar winners in photos Marketwatch { Say what you want about Kentucky; but, some band’s got to come up with the song, ‘Kentucky (not California) Girls’. Whew! Ridley Scott had a great find in Sean Young (‘Blade Runner’). But Jennifer Lawrence? Wow! What a spectacular, total babe! And, she can shoot a bow and arrow too (I think). Parenthetically, while there are many aspects of a actor’s performance/demeanor/actions on and off the set that constitute worthy scrutiny, falling on the way to pick up an oscar for best actress at age 22 is definitely not one of them. Totally meaningless and appropriately forgettable. If she was wearing running shoes and short shorts, that never would have happened. After all, when really will she wear such garb, albeit exquisite on her, again?…Next Academy Awards Oscar Ceremony to pick up another, and another, etc., of course. Yet, one can hardly say ‘practice makes perfect’ when referencing such an exotic creature as she. }

Is This The Chart That Everyone Is Concerned About?

Submitted by Tyler Durden on 02/25/2013

We have seen this all before... it's never different this time. Of course, you should buy the dip; you invest for the long-term, right? VIX, schmix; Credit, schmedit; Gas prices, schmices; Macro, schmacro...

Guest Post: The Coming Water Wars

Submitted by Tyler Durden on 02/25/2013

Peak oil we can handle. We find new sources, we develop alternatives, and/or prices rise. It's all but certain that by the time we actually run out of oil, we'll already have shifted to something else. But "peak water" is a different story. There are no new sources; what we have is what we have. Absent a profound climate change that turns the evaporation/rainfall hydrologic cycle much more to our advantage, there likely isn't going to be enough to around. As the biosphere continually adds more billions of humans (the UN projects there will be another 3.5 billion people on the planet, a greater than 50% increase, by 2050 before a natural plateau really starts to dampen growth), the demand for clean water has the potential to far outstrip dwindling supplies. If that comes to pass, the result will be catastrophic. People around the world are already suffering and dying en masse from lack of access to something drinkable... and the problems look poised to get worse long before they get better.

The Men Who Built America: Remembering The Gilded Age Part 3

Submitted by Tyler Durden on 02/25/2013

Following Part 1's emergence from the civil war and the age of enlightenment; and Part 2's undertaking of the largest building phase in the country's history. Part 3 of the 4-part History Channel series takes us from the beginning of steel and oil having forever changed the face of America, to JP Morgan arriving on the scene and expedites growth through a magical thing called finance.  From the Civil War to the Great Depression and World War I, for better or worse; for richer or poorer, in ethical and societal sickness or health; these five men - John D. Rockefeller, Cornelius Vanderbilt, Andrew Carnegie, Henry Ford and J.P. Morgan - led the way.

Guest Post: Waking Dreams End Unpleasantly

Submitted by Tyler Durden on 02/25/2013

Whenever I endeavor to explain America’s current economic situation to a person who likely receives most of his information from skewed mainstream news sources, I try to use two comparisons; the Great Depression, and Weimar Germany, because what we are experiencing is actually a combination of elements from both events. In the end, the madness of debt spending is going to annihilate this country anyway.  Fiat printing and infinite QE will eventually result in the dumping of our currency as the world reserve, causing devaluation and hyperstagflation.  Stimulus and the monetization of government liabilities are crippling us.  The problem is, this nation is irrevocably dependent on such measures.  Cuts will result in almost similar catastrophe, but on a faster time frame and perhaps a slightly shorter duration (depending on who runs the show in the aftermath).  I’ve been saying it since 2008 – there is no easy way out of this situation.  There is no silver bullet solution.  There will be struggle, and there will be consequence.  It is unavoidable.  All we have to decide now is how we will respond when the inevitable disaster comes.

Next Domino: Spain, As Main Suspect In Rajoy Graft Scandal Has Passport Confiscated

Submitted by Tyler Durden on 02/25/2013

While today's attention was focused on the austerity-crushing defeat of Monti in Italy and the pre-supposition that the ECB being able to use its OMT promise against an ill-disciplined nation fades; there is another super-cell of destruction wending its way towards Berlin (and Brussels). At the perfect time for such things, Reuters reports that the man at the center of Spanish PM Rajoy's political scandal, Luis Barcenas, has been banned from leaving Spain, had his passport revoked, and ordered to report to court twice a month. The millions of dollars in Swiss bank accounts that investigators found that he had deposited and the linkages to Spain's royalty in the so-called 'graft' case are not playing well with the population as unemployment surges above 26%. Judged as a serious flight risk, the high court judge ordered the steps after finding out he was skiing in Canada two weeks ago (where they suspect funds were also transferred). One protester complained, "They are lying to us, and worse than that, scorning us... Enough is enough, we need some accountability."

Citi: "This Is The First European Election In Which Voters Didn't Do The Right Thing"

Submitted by Tyler Durden on 02/25/2013 { Riiiiight! And, ‘Citi’, also of wall street fraud debacle fame, the ‘ultimate’ arbiter of what is the ‘right thing’ … riiiiight … thang … we’ve reached the point of such absurdity where you really can’t make this stuff up, so outlandish and criminally preposterous if not insane, they’ve become! }

When a note by a Citi FX strategist begins with the following proclamation endorsing outright fascist despotism, you know it's going to be good: "This is the first European election in which voters didn't do the right thing." Perhaps if Citi would be so kind to overrule the democratic vote, in which 55% or the majority of the people voted against the "right thing",  and impose its own unelected Italian dictator, just like Goldman did in November 2011, that long EURUSD call would be happier? Then it only gets better: "Elections are more problematic than market scares or sentiment shifts as they can't be undone by printing monry" (sic). True: some things outright money debasement by central banks can't buy - for everything else there are Siberian Gulags. And the absolute punchline: "Still the outcome does not seem so dire that a bit of growth and ECB flexibility could not turn it around." Why yes, all Europe needs is a "little growth" obviously in lieu of lots of growth, but frankly it will settle for any growth - something it has been unable to do under the wise tutelage of the banker-dominated oligarchy for the past four years, as for that little "ECB flexibility" - wink wink: just where would you like those Euro Stoxx Steve?

Goldman: "A Day Characterized By Broad-Based Liquidation"

Submitted by Tyler Durden on 02/25/2013

Equities suffer their biggest single day loss on the year with financials performing the worst. Treasuries rallied sharply on the day in line with the broader risk off move. 10s rallied nearly 10bp on the day though flows were skewed towards better selling – hedge funds selling in the belly in both cash and swaps as accounts looked to fade the rally. Later in the day flows shifted as tactical shorts looked to cover. Gold finished up $11.60 to 1593.50 on a day characterized by broad based liquidation in the macro markets.

Guest Post: 20 Signs The U.S. Economy Is Heading For Big Trouble In The Months Ahead

Submitted by Tyler Durden on 02/25/2013

Is the U.S. economy about to experience a major downturn?  Unfortunately, there are a whole bunch of signs that economic activity in the United States is really slowing down right now. In many ways, what we are going through right now feels very similar to 2008 before the crash happened.  Back then the warning signs of economic trouble were very obvious, but our politicians and the mainstream media insisted that everything was just fine, and the stock market was very much detached from reality.  When the stock market did finally catch up with reality, it happened very, very rapidly.  Sadly, most people do not appear to have learned any lessons from the crisis of 2008.  Americans continue to rack up staggering amounts of debt, and Wall Street is more reckless than ever.  As a society, we seem to have concluded that 2008 was just a temporary malfunction rather than an indication that our entire system was fundamentally flawed.  In the end, we will pay a great price for our overconfidence and our recklessness.

Cramer Does It Again

Submitted by Tyler Durden on 02/25/2013

From the "Bear Stearns is fine" man himself, circa 7 hours ago: "It is a monster move. A lot of people being left behind. A lot of shorts. This thing won't die. There is a show, again, very good ratings, The walking dead. You know, you can't shoot this thing. Shoot it in the head and nobody's been able to do it. This thing has legs.... Can't talk enough about it"

Mario Monti Addresses The People Who Did Not Elect Him Twice In A Row

Submitted by Tyler Durden on 02/25/2013

There is one certainty for now within the Italian elections - Goldman's unelected technocrat, Mario Monti, did not win and appears entirely irrelevant. In his first post-election speech - streamed below - the Goldman technocrat addresses the same people that did not elect him the first time, and certainly did not do so now, when they actually had a choice to do so.

Market Plunges As European Crisis Is Back

Submitted by Tyler Durden on 02/25/2013

JPY saw a massive correction today - gaining 3% against the USD - its biggest single-day gain since May 2010 - dragging all the carry traders with it. S&P 500 futures volume exploded to its highest since the rally began in November as it broke its uptrend and slumped 40 points from its intraday highs. VIX's term structure collapsed to its flattest in 18 months as spot surged above 19% (no - everyone wasn't hedged). The Dow, S&P, and Nasdaq are all red for the month and even the Trannies are almost unch. Treasuries soared with 10Y ending -10bps (after being +4bps at its worst of the day). Gold and Silver surged (with the latter testing near $1600 again) as WTI dropped 1%. Homebuilders (not helped by lumber's price collapse) dropped 3.5% but every sector was ugly today and closed at its lows. Risk assets led this downswing all day long and cross-asset-class correlation surged as the slump accelerated.

Boehner To Calm Fears (Or Not) - Live Webcast

Submitted by Tyler Durden on 02/25/2013

While it appears the Speaker has decided to hold his comments until after the cash markets close at 4pm ET, we suspect futures will get a kick out of his always-reassuring tone. Following the President's earlier demands for no sequester and more spending, we suspect Boehner will fully acquiesce and agree to a pony in everyone's stocking too... or not. Full webcast below.

Behold The Horror Of The Sequester... In Context

Submitted by Tyler Durden on 02/25/2013

Behold the sheer austerity-inducing horror and pure, mortal terror of the, dum dum dum, SEKWESTER!!! Do not pass go and proceed straight to Armageddon.

Santelli: "What If The Fed Did Less?"

Submitted by Tyler Durden on 02/25/2013

The prevalence of counter-factuals or 'coulda-shoulda-woulda's in mainstream economics is stunningly biased to explaining "why we're still in the doldrums outside of course of the stock market." As CNBC's Rick Santelli exclaims, we are told at every turn that if we just do more - more stimulus, more monetization, more bailouts - then the recovery would have been better by now and will be in the future. In his typically calm and stoic fashion, the igneous Illinoisan asks, rhetorically, "What if the Fed had done less?" His answer - rather obviously - is that everything would have been different (but not necessarily worse). In a little under 3 minutes, Rick explains why "the Federal Reserve has done nothing but keep politicians from having to do anything."

Guest Post: It's Always The Best Time To Buy

Submitted by Tyler Durden on 02/25/2013

I really need to stop being so pessimistic. I’m getting richer by the day. My home value is rising at a rate of 1% per month according to the National Association of Realtors. At that rate, my house will be worth $1 million in less than 10 years. Every mainstream media newspaper, magazine, and news channel is telling me the “strong” housing recovery is propelling the economy and creating millions of new jobs. Keynesian economists, Wall Street bankers, government apparatchiks and housing trade organizations are all in agreement that the wealth effect from rising home prices will be the jumpstart our economy needs to get back to the glory days of 2005. Who am I to argue with such honorable men with degrees from Ivy League schools and a track record of unquestioned accuracy as we can see in the chart below? These are the facts. But why trust facts when you can believe Baghdad Ben and the NAR? It’s always the best time to buy.

Guest Post: How The End Of Empire Comes, Not With A Bang, But With A Whimper

Submitted by Tyler Durden on 02/25/2013

When Moody's downgraded the UK's sovereign credit rating last week it was something of an anti-climax. The ratings agencies long ago lost what little credibility they ever had. Being downgraded by Moody's is like being called a moron by a moron; ask anyone who has ever set foot in a bond dealing room - the ratings agencies are always behind the curve. The UK has been on the skids, credit-wise, for years. Britain's debt to GDP has gone through the roof. We, and generations to come, will be left with the reckoning. Nobody believes that bonds are an objective reflection of economic reality. The game is rigged, and everybody knows it. But the Moody's downgrade should serve as a piercing smoke alarm to anybody still naive enough to be holding these instruments of value destruction. Get out now while the going is good.

Goldman Managing Director Snagged In Insider Trading Probe Leaves Firm

Submitted by Tyler Durden on 02/25/2013

With the entire world, and certainly GETCO's ES and EURUSD algos, focused on every single update out of the Italian Senate race, which now appears certain to not bring the necessary 158 seats to the Bersani-Monti coalition leading to a chaotic revote in the coming months, here is some tangential news of the "who could have ever seen this coming variety." Following last week's Heinz insider trading probe, which implicated a Goldman Sachs account in Zurich belonging to some private wealth client, who was so anonymous not even Goldman knows who it belonged to, we now learn that yet another Goldman employee has just left the company in a totally separate insider trading probe.

Crony Capitalism And Jack 'Bailout Bonus' Lew's Voyage To Treasury

Submitted by Tyler Durden on 02/25/2013

As I and many others have pointed out for years, unless you are a crony Wall Street welfare queen you can pretty much forget about any high level position in the Obama Administration.  Barack made that clear from day one when he decided to surround himself with two of the people at the core of the 2008 financial crisis, Larry Summers and Tim Geithner.  The trend is simply continuing with the current nominee for Treasury Secretary: Jack “Bailout Bonus” Lew.  The revolving door is institutionalized and at this point as reliable as a Swiss watch.

In Japan, The Matrix Is Now Reality As Humans Are Used As Living Batteries

Submitted by Tyler Durden on 02/25/2013

Who says necessity is not the mother of invention in the New Normal. While a tiny fraction of the Japanese population is enjoying the transitory effects of Abe's latest reflating "wealth effect" policy (even as China has made it clear said policy will end quite soon), the bigger problem for Japan is that even sooner, more and more of it will be reliant on hamster wheels to generate electricity, as LNG prices have just hit a record high and are rising at a breakneck pace, and as local nuclear power generation has collapsed to virtually zero. Which means one thing: electricity will soon become so unaffordable only those who are invested in the daily 2% Nikkei surges will be able to electrify their immediate surroundings. So what is Japan's solution? A quite ingenious one: as Geek.com and ASR both report, Japan's Fujifilm has created organic printed sheet that harvests energy from body heat, or in other words, converts body heat to electricity. Finally, at least one key part of the Matrix "reality" is now fully operational - the use of human beings as batteries.

Frontrunning: February 25

Submitted by Tyler Durden on 02/25/2013

Risk of instability hangs over Italy poll (FT), Protest votes add to uncertainty in close Italy election (Reuters), and... Risk On

Czech inspectors find horsemeat in IKEA meatballs (Reuters)

China’s Slower Manufacturing Casts Shadow Over Recovery (Bloomberg)

So much for reform: China Prepares for Government Shuffle as Zhou Stays at PBOC (Bloomberg)

France to pause austerity, cut spending next year instead: Hollande (Reuters)

Sinopec to buy stake in Chesapeake assets for $1.02 billion (Reuters)

White House warns states of looming pain from March 1 budget cuts (Reuters)

China Quietly Invests Reserves in U.K. Properties (WSJ)

Osborne Keeps Austerity as Investors See Downgrade as Late (BBG)

South Korea's new president demands North drop nuclear ambitions (Reuters)

Russia accuses U.S. of double standards over Syria (Reuters)

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

2-22-13 Farewell Eng£AAAnd: Moody's Downgrades The UK From AAA To Aa1

Submitted by Tyler Durden on 02/22/2013

And another AAA-club member quietly exits not with a bang but a whimper:

MOODY’S DOWNGRADES UK’S GOVERNMENT BOND RATING TO Aa1 FROM AAA

Someone must have clued Moody's on the fact that the UK is about to have its very own Goldman banker, which means consolidated debt/GDP will soon need four digits. In other news, every lawyer in the UK is now celebrating because come Monday Moody's will be sued to smithereens. Cable not happy as it tests 31 month lows, which however also explains why the Moody's action has another name: accelerated cable devaluation. Those who heeded our call to short Cable when Goldman's Mark Carney was appointed are now 1000 pips richer. Also, please sacrifice a lamb at the altar of Goldman: It's the polite thing to do.

S&P Has First Weekly Loss Of Year As Dow Regains 14,000

Submitted by Tyler Durden on 02/22/2013

Today was the best day for the Dow in 3 weeks - of course. In a titanic effort to get back to unch for the week, the Dow managed to reclaim the 'retirement-maginot-line' of 14,000 amid a low volume, low average trade size ramp (which ended the day with some large blocks running through into the highs). The rest of the US equity complex did not recover as gloriously as the S&P saw a red week for the first time this year (Materials -2.8%, Staples +1.7%). Interestingly, from mid-week, gold and stocks recoupled but the USD (+1.2%) and bonds (-3bps) are much more cautious. On the week, despite all the clamor, Gold lost 1.8% with Copper the biggest loser -5.2%. Spot VIX and stocks have been perfectly synced post-FOMC and the vol compression today provided just the lift to disconnect from risk-assets in general. Equities unch, USD high of week, Treasury yields low of week, PMs down, Oil down - the magic will never cease. S&P futures closed testing the under-side of the up-trend channel - that is all.

Europe’s Fine… Just Ask Depositors Who Saw Their Savings Go to ZERO

February 22, 2013 http://gainspainscapital.com

http://albertpeia.com/depositorsavingstozero.htm

Moody's cuts U.K. AAA rating by one notch Marketwatch

Al-Qaeda's 22 Tips For Evading Drones

Submitted by Tyler Durden on 02/22/2013

This document is one of several found by The Associated Press in buildings recently occupied by Al-Qaeda fighters in Timbuktu, Mali. Written by Abdullah bin Mohammed, apparently with God’s help, with the goal "of disabling the new strategy of the American army at the medium or long-range levels," through three methods: the formation of a public opinion to stand against the attacks, deterring of spies, and tactics of deception and blurring. These 22 tactics are as follows...

Late Friday Humor: Quantitative Easing Simplified

Submitted by Tyler Durden on 02/22/2013

With recent (post-Minutes) chatter of a gradually-tightening Fed since curtailed by a plethora of Federal Reserve market savants jawboning us back to creditopia - "the liquidity must flow"; we thought a gentle reminder of what Quantitative Easing really is was worthwhile. Whether goldbug, bond-vigilante, or permabull-stock-muppet; two-and-a-half minutes of reality (or comedy) depending on your perspective.

Gold And The Potential Dollar Endgame Part 3: Backwardation And Gold

Submitted by Tyler Durden on 02/22/2013

In part one of our series we discussed stock to flow dynamics and their impact on the gold price. In part two of our series we discussed how 'paper gold' - meaning ETF’s, futures and various derivatives - simulate flow where none actually exists. In the final segment of this series we want to explore an important signal that could identify the demise of paper gold and/or signal a loss of confidence in the US Dollar and cause an abrupt increase in the stock-to-flow ratio and the physical gold price. Of the several periods of backwardation in the gold market, two of the most interesting and significant followed the September, 1999 Central Bank “Washington Agreement” on Gold and more recently during the dark days of the 2008 financial crisis. In both instances we believe the primary force causing gold backwardation was near catastrophic collapse in counterparty viability.

Radioactive Waste Is Leaking From Washington's Hanford Nuclear Reservation

Submitted by Tyler Durden on 02/22/2013

And now for a quick lesson in government spending: in the 1940s the federal government created the now mostly decommissioned Washington's Hanford Nuclear Reservation as part of the Manhattan Project to build the atomic bomb. During the Cold War, the project was expanded to include nine nuclear reactors and five large plutonium processing complexes, which produced plutonium for most of the 60,000 weapons in the U.S. nuclear arsenal. Sadly, many of the early safety procedures and waste disposal practices were inadequate, and government documents have since confirmed that Hanford's operations released significant amounts of radioactive materials into the air and the Columbia River. The weapons production reactors were decommissioned at the end of the Cold War, but the decades of manufacturing left behind 53 million US gallons of high-level radioactive waste, an additional 25 million cubic feet of solid radioactive waste, 200 square miles of contaminated groundwater beneath the site and occasional discoveries of undocumented contaminations that slow the pace and raise the cost of cleanup. The Hanford site represents two-thirds of the nation's high-level radioactive waste by volume. Today, Hanford is the most contaminated nuclear site in the United States and is the focus of the nation's largest environmental cleanup. The government spends $2 billion each year on Hanford cleanup — one-third of its entire budget for nuclear cleanup nationally. The cleanup is expected to last decades. It turns out that as Krugman would say, the government was not spending nearly enough, and moments ago Governor Jay Inslee said that six underground radioactive waste tanks at the nation's most contaminated nuclear site are leaking.

Eng£Aa1nd Downgrade: Citi's Take

Submitted by Tyler Durden on 02/22/2013

From Citi's Steven Englander, who confirms what we said previously: the UK is now officially in the hands of the monetary apparatus, which is controlled by, you guessed it, yet another Vampire Squid tentacle.

Bitter Pill: The Exorbitant Prices Of Health Care

Submitted by Tyler Durden on 02/22/2013

Instead of asking the endless question of "who should pay for healthcare?" Time magazine's cover story this week by Steve Brill asks a much more sensible - and disturbing question - "why does healthcare cost so much?" While it will not come as a surprise to any ZeroHedge reader - as we most recently noted here - this brief clip on the outrageous pricing and egregious profits that are destroying our health care quickly summarizes just how disastrous the situation really is.  A simplified perspective here is simple, as with higher education costs and student loans: since all the expenses incurred are covered by debt/entitlements, there is no price discrimination which allows vendors to hike prices to whatever levels they want. From the $21,000 heartburn to "giving our CT scans like candy," Brill concludes "put simply, with Obamacare we’ve changed the rules related to who pays for what, but we haven’t done much to change the prices we pay."

UK's George Osborne Responds To Moody's Downgrade

Submitted by Tyler Durden on 02/22/2013 - 17:11

Osborne's statement was prepared well in advance, which means Moody's action was not only prepared and distributed long ago but it got the blessing of both the UK government and Goldman Sachs. And why not: so far it has achieved precisely what it was intended to: crush the Pound. The next question: when does talk of GBP-EUR parity begin?

Titan CEO vs France Round 3: "The Wackos Of The Communist Union Destroy The Highest Paying Jobs"

Submitted by Tyler Durden on 02/22/2013

The saga of the capitalist vs the socialist goes on with Round 3, following round 1 in which the "Titan CEO Crushes Socialist "Work Ethic", Tells France "You Can Keep Your So-Called Workers" and round 2 in which "Socialist France Responds To Titan CEO, Hilarity Ensues." With the entire "developed" world now a real-time parody of itself, in which the truth about the true state of affairs is only revealed in grotesque, farcical, ad-hominem repartees between various members of the insolvent status quo plutocracy, we can only hope for many more rounds of this didactic back and forth.

RANsquawk Weekly Wrap - 22nd February 2013

Submitted by RANSquawk Video on 02/22/2013

Guest Post: World's Biggest Gold Storage Company Dumps US Citizens

Submitted by Tyler Durden on 02/22/2013

ViaMat, a Swiss logistics company that has been safeguarding precious metals since 1945, is literally the gold standard in secure storage. They have vaults from Switzerland to Hong Kong to Dubai, and they count among their clients some of the largest mining companies in the world. They know what they’re doing. And now they’re dumping US citizens.... due to US tax structure changes. If history is any guide, storing gold abroad is critical.

David Rosenberg Goes In Search Of A Positive Exogenous Shock

Submitted by Tyler Durden on 02/22/2013

And can't find it: "The reason why the past four years has been so dismal, over and beyond the failure of the labour market to fully recover among other things, is that we have gone through the weakest period in the post-WWII era in terms of growth in the private sector capital stock. We invented the Internet and spent years after spreading its applications and co-mingling the technology with labour so as to bolster multi-factor productivity. But that golden age was 10-15 years ago. Despite some really impressive stuff going on in the biomedical field to be sure,  and what Apple has done in terms of introducing its array of impressive consumer gadgets, growth in the private sector capital stock since 2009 has been the softest on record."

What The 'Real' Money Thinks Of The Italian Election

Submitted by Tyler Durden on 02/22/2013

With polls blacked out in Italy, the hope and hype is that Berlusconi doesn't get in, banish austerity, and bring the European OMT-inspired 'confidence' party crashing to the ground. While extremely low volume - and famously entirely wrong about Obamacare - the current Intrade odds favor Bersani massively at an 85% probability of becoming PM with comedian Beppe a mere 0.3% - even though it is somewhat ironic that he can still muster such support (for someone with a criminal record... umm Berlusconi?).

Frontrunning: February 22

Submitted by Tyler Durden on 02/22/2013

Spain’s Deficit Widened to 10.2% on Bank-Rescue Cost (BBG) - or as Rajoy would say, when one excludes all negatives, it was a surplus

Monti Austerity Pushes Italians Toward Parliament Upheaval (BBG)

Russia accuses U.S. of double standards over Syria (Reuters)

Euro Area to Shrink in 2013 as Unemployment Rises (BBG)

UK, China central banks to discuss currency swap line (Reuters)

Italy Court Rejects Challenge to Bailout of Monte Paschi (BBG)

Japan's Abe to showcase alliance, get Obama to back Abenomics (Reuters)

Russia’s missing billions revealed (FT)

China Home-Price Gains May Presage Policy Tightening (BBG)

Fed unlikely to curtail stimulus despite rising doubts (Reuters)

Banks face fines up to 30 per cent of revenues (FT) - just as soon as Basel III is passed (i.e., never)

J.C. Penney Can Raise Billions Under Revised Credit Line (BBG)

Cost of Dropping Citizenship Keeps U.S. Earners From Exit (BBG)

Overnight Sentiment: Dull Levitation Returns

Submitted by Tyler Durden on 02/22/2013 - 07:18

A listless overnight session with just the previously noted first disappointing LTRO-2 repayment and the now traditional big beat out of the "other" German confidence indicator, IFO, which beat expectations of 104.9, rising to a 10 month high of 107.4 to attempt to push the economy out of the recessionary slump (just don't mention yesterday's PMI), and nothing on today's US calendar is a fitting way to end the week, and further shows that markets are once more completely oblivious to the risks of the Hung Parliament outcome that this weekend may bring in Italy should the Berlusconi juggernaut maintain its momentum. The EURUSD and the US futures have disconnected once more, with almost all of yesterday's market weakness filled in the overnight session as the good old low-volume levitation returns. Here are the few news items worth reporting.

Euro Slides As First LTRO-2 Repayment Less Than Half Expected

Submitted by Tyler Durden on 02/22/2013

A month ago, on January 25 when the window to commence LTRO repayments was opened, European banks, with much pomp and circumstance, announced that 278 banks repaid a greater than expected €137.16 billion of the €1+ trillion in LTRO funding disbursed in early 2012. This was taken as a sign of European bank stress dissipation and financial stability, and furthermore served to push the EUR much higher on expectations that the ECB balance sheet would rapidly contract even as every other central bank balance sheet was expanding. It also ignored the fact that ongoing broad economic weakness in Europe required and still requires a weaker currency, not a stronger one (however too weak, and you get "redenomination risk", etc, etc). As it turns out, like everything out of Europe, the "strength" indicated by the first LTRO2 repayment was merely a sham, and moments ago when the ECB announced the results of the second 3 year LTRO repayment option, the news was a big dud: instead of the €122.5 billion expected to be paid back, European banks repaid just under half of this amount or €61.1 billion, spread among 356 banks - an average of just €0.17 billion per bank.

RANsquawk EU Market Re-Cap - 22nd February 2013

Submitted by RANSquawk Video on 02/22/2013

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

2-21-13 The start of the 100-year bear Marketwatch Paul B. Farrell Here are 5 dangers ahead that could tip the stock market into a long decline. Which hits first? http://albertpeia.com/100yearbear.htm ‘…Many other Dr. Dooms predict new 2008 crash, long bear market Today, Prechter is in great company, one of many other well-known “Dr. Dooms” who have long-term visions, in a myopic world. You’ll see Prechter alongside such other great “Dr. Dooms” as Hong Kong’s Marc Faber ... celebrity economist Nouriel Roubini ... Nobel economist Joseph Stiglitz, author of “Freefall” ... $100 billion money manager Jeremy Grantham, who says our GDP is “On the Road to Zero Growth” ... Forbes columnist Gary Shilling, who sees the S&P dropping 45% to 800... historian Niall Ferguson, author of “Colossus: The Rise and Fall of The American Empire” ... hedge fund genius Nassim Taleb, author of “Black Swan” ... former IMF chief economist Simon Johnson, co-author of “White House Burning” and “Doomsday Cycle” ... billionaire trader George Soros, who just made a billion shorting the yen ... economists Carmen Reinhart and Kenneth Rogoff, whose classic “This Time is Different: Eight Centuries of Financial Folly” says it all ... anthropologist Jared Diamond whose “Collapse” warns us that throughout history civilizations fail because leaders fail to plan and act in time ... and other “Dr.Dooms” we’re tracking. So yes, Prechter and his Dow 400 and 100-year bear-market predictions are in good company. And we even have to include Pimco’s Mohamed El-Erian, who manages a $2 trillion portfolio along with “Bond King” Bill Gross. El-Erian recently warned investors about the “New Normal: Low Growth, Few Jobs.”…’

Dot-com bubble lessons Marketwatch The 13th anniversary of bursting of Internet bubble to be marked alongside the bull market's fourth birthday.

The Big Dogs On Wall Street Are Starting To Get Very Nervous

http://theeconomiccollapseblog.com

http://albertpeia.com/dogseatheirownfeces.htm

{ Not widey publicized is the fact that dogs eat their own feces. I shockingly saw this first hand of a pedigreed german shepard before learning the fact that such is a dog trait. Cats certainly do not (eat their own feces)! No wonder dogs are considered in america to be ‘man’s best friend’. Yuck! }

The Wal-Mart Indicator: We’re Heading for a Stagflationary Disaster

February 21, 2013 http://gainspainscapital.com

http://albertpeia.com/stagflationarydisaster.htm

Will Americans Soon Not Be Able To Buy, Sell Or Get A Job Without A Global ID Card?

http://thetruthwins.com

http://albertpeia.com/globalid.htm

Four Reasons to Hedge Your Bets http://www.wealthdaily.com The End is Nigh FEB 21 - CHRISTIAN A. DEHAEMER The sheeple have spoken. It looks like they're finally starting to wake up. Four reasons to sell and one way to profit. Read More...

Stanley Druckenmiller: "We Have An Entitlement Problem" And One Day The Fed's Hamster Wheel Will Stop Submitted by Tyler Durden on 02/21/2013 – { I haven’t read the full article yet; but, if unprosecuted wall street frauds in the trillions along with taxpayer/government funded bailouts of the frauds, still extant, now marked to anything through legislated FASB rule change, QE, etc., is not included among the ‘entitlement programs’(which also has a fraudulent component of record social security disability recipients), then this article lacks persuasive credibility. } Two and a half years ago, George Soros' former partner Stanley Druckenmiller closed shop when he shut down his iconic Duquesne Management, after generating 30% average annual returns since 1986. Some time later he raised many red flags by being one of the first "establishment" types to expose the Fed's take over of the market when he said in a rare May 2011 interview that "It's not a free market. It's not a clean market.... The market isn't saying anything about the future. It's saying there's a phony buyer of $19 billion of Treasurys a week." This was in the context of the constantly declining interest rates on an ever exploding US debt load. And while back then total debt was a "manageable" $14.3 trillion, as of today it is some $2.3 trillion higher moments ago printing at a fresh record high of $16.6 trillion, not surprisingly the phony buyer is still here only now he is buying not $19 billion by over $20 billion in total debt each week. But just like it was the relentless rise in the US debt that forced him out of his privacy in the public scene back then, so it was also the US debt that was also the topic of his rare CNBC appearance today (where he fiercely poked at all those other TV chatterbox pundits when he said "money managers should manage money and not go on shows like this") in the aftermath of his recent WSJ Op-Ed. There, he once again said what everyone knows but is scared to admit: "we have an entitlement problem."

The Men Who Built America: Remembering The Gilded Age Part 1

Submitted by Tyler Durden on 02/21/2013 - It is perhaps time to look back at what once was. In Part 1 of the 4 part History Channel series, a new war begins as out of the turmoil of the Civil War, America enters an age of enlightenment that will change the landscape of the country forever. The growth is driven by five insightful men who will change the world forever. John D. Rockefeller, Cornelius Vanderbilt, Andrew Carnegie, Henry Ford and J.P. Morgan rose from obscurity and in the process built modern America. Their names hang on street signs, are etched into buildings and are a part of the fabric of history. These men created the American Dream and were the engine of capitalism as they transformed everything they touched in building the oil, rail, steel, shipping, automobile and finance industries. Their paths crossed repeatedly as they elected presidents, set economic policies and influenced major events of the 50 most formative years this country has ever known. From the Civil War to the Great Depression and World War I, for better or worse, they led the way.

US Drones Have Killed Over 4,700

Submitted by Tyler Durden on 02/21/2013 - The Obama drone program has been shrouded in secrecy, but after the leaking of the 'kill list' white papers, Russia Today notes, many critics are demanding transparency from the administration when it comes to the exact number of causalities. Due to the confidentiality of drone strikes abroad, it has proven difficult to get an accurate figure - until now. As Wired.com reports, US Sen. Lindsey Graham (R-SC) has estimated that 4,700 people have been killed. As of now it is unclear how he obtained that figure, but his 'approving' comments raise questions about the accuracy of these attacks: "Sometimes you hit innocent people, and I hate that, but we're at war, and we've taken out some very senior members of al-Qaida." Graham did not offer an estimate of how many innocent people the drones have killed. Given the 430 or so strikes known about, this would imply around 10 kills per strike - but judging from the context of his remarks, Wired.com suspects, he's not counting the strikes in Iraq and Afghanistan. It wouldn’t be the first time that a U.S. senator has offhandedly revealed specific and unacknowledged information about the drones, following Diane Feinstein's 2009 gaffe, but Graham’s disclosure underscores the extraordinary secrecy around the centerpiece of U.S. counterterrorism efforts - a military action in all but name, operated by an agency that need not explain to the public how it carries out the program.

The Global Risk Landscape For 2013

Submitted by Tyler Durden on 02/21/2013 - The World Economic Forum (WEF), during its Davos jaunt, created an intriguing set of 50 'global risks'. Of course these are from the perspective of the elitest of the elite but with more than 1000 respondents, the results seem all-encompassing. The global risk that respondents rated most likely to manifest over the next 10 years is severe income disparity, while the risk rated as having the highest impact if it were to manifest is major systemic financial failure. There are also two risks appearing in the top five of both impact and likelihood – chronic fiscal imbalances and water supply crisis. The report covers five key categories of 'risk' - which we will be posting on in the next few days - Economic, Environmental, Societal, Geopolitical, and Technological. In this first post we expose the 50 risks by magnitude and probability, how they have evolved over the past few years, and the importance of their inter-connectivity.

Gold Versus Gold Miners: Has The Time Come To Flip The Switch?

Submitted by Tyler Durden on 02/21/2013 - Last October, among the various statements by Hugh Hendry at the annual Buttonwood gathering was this blurb by the man who is otherwise a big fan of physical gold: "I am long gold and I am short gold mining equities. There is no rationale for owning gold mining equities. It is as close as you get to insanity. The risk premium goes up when the gold price goes up. Societies are more envious of your gold at $3000 than at $300." Vivid imagery aside, he was spot on as the GDX tumbled 30% since then. Yet with the gold miners now universally abhorred and hated by virtually everyone, has the time come to take advantage of the capitulation? That is the question posed by John Goltermann of Obermeyer Asset Management, a firm better known for its deeply skeptical view toward Apple express as part of its April 2012 letter, and which also ended up being spot on. Goltermann says: "Whatever the reason, the underperformance of the mining shares in the last 18 months has been significant. At this point, because of the price divergence, the valuation disparity, and general capitulating sentiment, there doesn’t seem to be a case for selling mining shares. Given the valuations, we are evaluating whether it is appropriate to add to the position. The negative sentiment towards gold could continue for a time, but as economist Herbert Stein cautions, “If something cannot go on forever, it will stop.” When price divergences like this occur, they usually self-correct. In the interim, there is a strong case that gold mining stocks are cheap and that much bad news is priced in." Then again, as Hendry said, it may just as well be insanity.

Nirvana, Creditopia, And Why Central Banks Are The Devil

Submitted by Tyler Durden on 02/21/2013 - Central banks are the devil. Hinde Capital explains that they are like drug dealers except they administer regular doses of supposedly legally prescribed barbiturates to their addicts. The 'easy money' or 'credit' they create is an opiate and like all addictions there is a payback for the addicts, one exacted only in loss of health, misery and death. The economic system is an addict, but that system is comprised of banks, corporations, non-profit organisations, small businesses all of which are communities. And what comprises communities, us, human beings - individuals. We are the addicts. It is Hinde's contention that central banks feel they need to maintain the balance of credit in the system as it currently stands by adjusting the money supply and monetary velocity (MV) but by doing so they merely circumvent the necessary adjustment in the economic system that comes about by market failure. If they don't allow this failure then any attempt to influence MV will only lead to higher prices (P) at the expense of output (T) in the famous monetary equation MV=PT. Sadly the desire of the State to control money and administer it like a drug has left our economies unproductive and incapable of standing on their own two feet. Full must read Hinde Insight below...

Guest Post: Someone Is Always Making Money Somewhere

Submitted by Tyler Durden on 02/21/2013 - Regardless of whether a market is moving up or down, there is always someone making money somewhere. There are various examples every day – be it a billionaire selling a stock short (i.e., Herbalife) or a company selling a meal short on ingredients (i.e., horsemeat economics). Some methods are legitimate, and some are not. But one thing is for sure... energy markets are by no means immune to such collusion. The natural gas market is coming under increased scrutiny, as price movement ahead of the main event of the week – the weekly storage report – appears to be being manipulated by high-frequency trading (HFT). High-frequency trading is nothing new to financial markets, but it is new to the natural gas market. It has also spawned some wonderfully inventive names to describe the pre-storage report shenanigans. The best term by far has to be ‘banging the beehive’, which is where a flood of orders is sent to trigger a huge price swing immediately before the data is released. Regardless of how comical these names are, however, this creation of ‘synthetic momentum’ is market manipulation and is being investigated accordingly.

Zimbabwe's Mugabe Proclaims Himself Africa's Goldman Sachs

Submitted by Tyler Durden on 02/21/2013 - Since we first started discussing the new frontier of investment (or economic hitmen), Africa has been appearing more and more in the headlines - from labor conditions in the South to military action in the North. Natural resources and leverageable assets remain key as the infamous Zimbabwean 'dictator' Robert Mugabe, fighting for re-election at the age of 89, maintains that Zimbabwe's difficulties stem from a Western plot to re-colonize it. With more than 80% of the country unemployed but rampant inflation somewhat calmed, Reuters notes that Mugabe believes "It's God's choice" that he is running in this close election. Just like Goldman Sachs "doing God's work", Mugabe believes "this is a task the Lord might have wanted me to fulfill among my people...," regarding the liberation struggle for black economic empowerment. More than 4,000 out of an original 4,500 white-owned farms have been seized since 2000 under a program he says is aimed at correcting land ownership imbalances created by colonialism. The consensus is that a free and fair election will create a true democratic outcome, but as one local noted "with his record I just don't see how Mugabe can win a free and fair election." Indeed, though the jackals remain.

Guest Post: Gold Manipulation: The Logical Outcome Of Mainstream Economics Part 1

Submitted by Tyler Durden on 02/21/2013 - This is the first of three articles on the suppression of gold. What drives us to write about the topic? We are tired of seeing endless proof of suppression (i.e. the typical take downs in the price at either 8:20am ET or at 10am-11am ET, with impressive predictability) and at the same time, it is unfair that anyone who voices this suppression be called a conspiracy theorist. The first letter will show that, under mainstream economic theory, the suppression of the gold market is not a conspiracy theory, but a logical necessity, a logical outcome. To enforce a balance in the global fiat money market via coordination of central banks is impossible; what may be feasible is to coordinate the expansion in the supply of global fiat money. But if that is the case, the manipulation of the gold market to leave it oversupplied is the logical outcome. To pretend it is not... is a conspiracy theory!

Global Leading Indicator Shows Slowdown Dead-Ahead

Submitted by Tyler Durden on 02/21/2013 - While the sell-side has been vociferous about the fact that earnings are troughing, that consensus growth expectations are not miraculous, that equities are discounting that awesome reality; it appears Goldman Sachs' 'Swirlogram" - which we initially discussed here - is pointing to what we have been seeing for months - a slowdown in their global leading indicator dead-ahead.

Frontrunning: February 21

Submitted by Tyler Durden on 02/21/2013 - 07:49

China drains cash to curb liquidity (FT) - no longer just a New Year issue...

Hilesnrath speaks (but nobody cares anymore) - Fed Split Over How Long To Keep Cash Spigot Open (WSJ)

Chasm opening between weak French and strong German economies (Reuters)

JPMorgan Said to Seek First Sale of Mortgage Bonds Since Crisis (BBG)

China's Bo Xilai not cooperating on probe, been on hunger strike (Reuters)

Fed minutes send warning on durability of bond buying (Reuters)

Sony Seeks an Extra Life in New PlayStation 4 (BBG)

Rajoy pledges fresh round of reforms (FT) - and by reforms he means kickbacks?

Doubts loom over eurozone recovery (BBG)

China Extending Zhou Stay Seen as Aid to Financial Overhaul (BBG)

King Pulls Out Stops to Energize Economy in Carney Handover (BBG)

Central Banks Discussed Nominal GDP Targets at G-20 (Businessweek)

Grand Central Owner Opposes IPO of Empire State Building (BBG)

Wal-Mart: "Families Are Adjusting To A Reduced Paycheck And Increased Gas Prices"

Submitted by Tyler Durden on 02/21/2013 - 07:27

Moment ago Wal-Mart reported a top-line miss, a bottom line beat, a dividend hike and a rather subdued full year forecast ($5.20-$5.40 on Exp. of $5.39), and nobody cared. The only thing that algos and carbon-based lifeforms alike honed in on, was the recap of the most recent 13 week period, to see if WMT was only kidding when it said that February sales, which obviously were not part of Q4 results, were a "total disaster." The reason WMT's stock is not doing to well in the pre-market is that they did not like what they found.

20 Signs That The U.S. Economy Is Heading For Big Trouble In The Months Ahead

http://albertpeia.com/20signsuseconomyinbigtrouble.htm

How Corrupt is Goldman Sachs? { Short answer … VERY! } Goldman Clients Get the Shaft... AGAIN http://www.wealthdaily.com FEB 20 - BRITON RYLE The latest example of Goldman's profit-mongering deceit is so blatant, so downright perverse, it's almost comical. Almost. Analyst Briton Ryle explains... { Prosecution, disgorgement, and jail is where they belong! } Read More... { Their ‘Don’t look a gift-horse in the mouth’ (self-serving) advice really takes the cake! … Goldman 'Explains' The 'Market': "Best Not To Look A Gift-Horse In The Mouth" ZH { Riiiiight! Sounds like a plan! The ‘gift-horse’ that’s … not a gift-horse at all … You’re paying through your nose and teeth. It was amusing to see mainstream media puzzling over the record high gas prices so early in this time of year, and as well, the coming jump in beef prices. There’s no mystery here! This is the natural and inevitable concomitant to ‘printing presses gone wild’. Not printing presses for product for intellectual consumption; but rather, printing presses (whether by print or computer ledger entry) for those ever more worthless paper fiat dollars backed by nothing but insurmountable debt of a defacto bankrupt nation. Remember: There’s no free lunch … fraudulent wall street’s predictable/intended gain (from QE, currency debasement, etc.) is your substantial pain! It’s the zimbabwee financial model gone american … , Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! } “Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical)…” , Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe. }

RANsquawk EU Market Re-Cap - 20th February 2013

Submitted by RANSquawk Video on 02/20/2013

Who Tells Us What To Think? Does The Mainstream Media = The Matrix?

http://albertpeia.com/mainstreammediamatrix.htm

Show This To Anyone That Believes That “Things Are Getting Better” In America

http://albertpeia.com/thingsgettingworseinamerica.htm

Money Is A Form Of Social Control And Most Americans Are Debt Slaves

http://albertpeia.com/socialcontroldebtslaves.htm

40 Ways That China Is Beating America

http://albertpeia.com/40wayschinabeatingamerica.htm

It’s Time For Name That Insolvent Banking System!

http://albertpeia.com/insolventbankingsystems.htm

Europe is Fixed? Just Like Wall Street Was “Fixed” in May 2008, How’d That Turn Out?

http://albertpeia.com/europeaintfixed.htm

WARNING: The EU Crisis is BACK and Will Be Getting Worse in the Coming Weeks

http://albertpeia.com/eucrisisbackandworse.htm

Petrogold: Are Russia And China Hoarding Gold Because They Plan To Kill The Petrodollar?

http://albertpeia.com/deathofpetrodollar.htm

Is It Fair For People On Food Stamps To Buy Prime Rib And Lobster While Working Families Barely Survive?

http://albertpeia.com/wobamagravytrain.htm

El-Erian On Stocks: "Prices Are Artificially High - It’s Time to Take Profits"

Submitted by Tyler Durden on 02/15/2013 - "It’s not going away, it’s going to get worse," is how PIMCO's Mohamed El-Erian warns Yahoo's Lauren Lyster about central bank policy and the currency wars that are so much in discussion currently. Central banks have been compelled to undertake unconventional measures, things they haven’t done before, because other policymakers are not stepping up to take responsibility on the fiscal side. These implicit devaluations and beggar-thy-neighbor policies force a lot of liquidity into the system and by pushing up asset prices, central banks believe, create a 'weath effect'. It can also trigger “animal spirits” – we get all excited and invest more. In terms of equity markets, El-Erian says investors are split into two camps. One camp believes that everything will go higher and central banks will succeed in their efforts. The other camp believes asset prices are going to come down to meet the fundamentals. El-Erian puts himself in the second camp. “We think that prices are artificially high, that maintaining them here is going to be hard as central banks become less effective, and that it’s time to book some profits and to wait for some better entry points,” he explains. He clarifies that this is not a “Lehman moment." But “prices that have gotten way ahead of what policy can deliver,"

Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?

http://albertpeia.com/retailapocalypse.htm

What Happens to a Financial System When Its Two Biggest Pillars Collapse?

http://albertpeia.com/systemicfinancialcollapse2pillarsdown.htm

Abolish The Income Tax: You Won’t Believe Who Is Getting Away With Paying Zero Taxes While The Middle Class Gets Hammered

http://albertpeia.com/notaxationwithoutrepresentation.htm

Billionaires Dumping Stocks, Economist Knows Why Wednesday, 06 Feb 2013 01:59 PM By Newsmax Wires Read Latest Breaking News from Newsmax.com http://www.moneynews.com/MKTNews/billionaires-dump-economist-stock/2012/08/29/id/450265?PROMO_CODE=110D8-1&utm_source=taboola#ixzz2LEHx4EHt

21 Signs That U.S. Public Schools Have Become Training Centers For Sexual Deviancy

http://albertpeia.com/ustrainingcentersforsexualdeviancy.htm

[ 25 Signs American Women Are Being Destroyed By The Sexual Revolution And Our Promiscuous Culture

http://albertpeia.com/uspromiscuity.htm { I’m constrained to say that grammar, junior high, and high school in the suburban town in which I grew up were not at all like that; and, far more conservative, civilized, and restrained (and no niggers whatsoever). I’ve included the following previous reference/link as a matter of disclosure and so as not to appear as a hypocrite in the context of this referenced subject: Drudgereport: STUDY: Girls As Young As 6 See Themselves As Sex Objects... { Wow! This is really quite alarming and bespeaks america’s new-found perverse, third-world uncivilized status, which is ‘picked up’ by kids who in some ways are smarter than given credit for with a vulnerable longing to please, be accepted in light of their powerless position in our ever more deteriorating society. For the record, personally, I’ve never had a virgin though I’ve been in a position to; that’s something I just don’t do. Never have, never wanted to, never would, never will! Moreover, with the prevalence of sick pedophiles and kiddie-porn, it’s not so surprising that kids might pick up on such abominable vibes. It is difficult to imagine that little girls could be the objects of such horror as, ie., Samantha Runnion ( who was kidnapped, sexually abused and strangled by a man who lured her from her front yard by telling her he had lost his dog. Her naked body was found the next day by a hiker in Cleveland National Forest, 50 miles southeast of Stanton.^[1] The autopsy revealed that she died from compression. A sample of the kidnapper's DNA was found under her fingernail. The suspect, a Lake Elsinore, California, man named Alejandro Avila, was convicted of first degree murder with special circumstances in May 2005. His DNA was found on Samantha's body, and her DNA was found in his car. He was arrested three days after the abduction. Avila had previously been to the condominium complex where Samantha lived, because his ex-girlfriend resided there and he had been previously acquitted of molesting her daughter and niece. On May 16, 2005, the jury recommended he receive the death penalty. On July 22, 2005, Avila was formally sentenced to death. He is incarcerated at San Quentin State Prison on death row ). As an aside, I’ve included the following for the record as well: Though I’ve had many consensual sexual liasons with many different female sexual partners (mid-hundreds) all of whom I liked, I’ve never, ever resorted to prostitutes. The accidental exceptions included two ‘call girls’; one having met at summer beach town bar matinee and who was ‘not working’ (as it turned out the reason being she was at the end of her menstrual cycle). The other at a grocery store with her daughter which made such in my mind, unlikely. As it turned out, both were ‘nymphomaniacs’ (which, truth be told, made for quite an exceptional sexual romp) and I simplistically inferred/surmised without dwelling on the subject that they probably expected they’d have inordinate amounts of sex anyway and might as well get paid for it – of course I didn’t nor was I asked to pay. The other incident I’m including here for the record concerned an absolutely beautiful (blonde hair, blue eyes, pretty, cute, perfectly built/proportioned – make no mistake, however, I like brunettes also) girl I met at a bar called ‘the Red Ranch’, later changed to ‘Harpoon Willy’s’. At closing, we immediately became amorous, near intimate to a point in my car with abrupt ‘resistance’ at the ‘crucial moments’. When I finally, ‘exasperated’, asked ‘what’s up’, she stated she had recently broken up with her boyfriend who had gone too far in the ‘sado-masochistic’ ritual behavior they were, and she still was into. I told her I wasn’t into it (I don’t connect sex with sado-masochism); never would, never did, never will. We talked for quite some time and she explained her ‘predisposition’ the (her perceived) consequence of her strict, puritanical upbringing and feelings of guilt concomitant with sexual activity requiring coincident punishment/pain when so engaged. I was busy with law school evenings, work full-time, and teaching at a local college part-time and parted ways without taking her number and never did see her again. } ]

Video Of The Day: Regulators Squirm When Asked About "Too Big to Jail"

Submitted by Tyler Durden on 02/18/2013 - This video has been going around for a few days, but wow.  Very powerful and could be effective in knocking some sense into more sheeple if it gets spread widely enough. It’s an absolute joke that these people being questioned by Senator Elizabeth Warren are supposed hold the banks to task. She also makes the key point how ordinary citizens are constantly harassed by the “authorities” for what are in many cases petty and victimless crimes, while the bankers who have unleashed more destruction than anyone else, get slaps on the wrist.  Every single American should watch this short clip.

New Jersey Casino Files For Bankruptcy Ten Months After Opening; No Taxpayer Funds Will Be Lost This Time Drudgereport: PHOTOS: Four months after Hurricane Sandy, Jersey Shore still a wasteland... { At least, some good news … http://albertpeia.com/jerseywasteland.htm }

Drudgereport: EX-LAPD WANTED IN COP SHOOTINGS...
Left 20-page manifesto on FACEBOOK...
Uncensored... { http://albertpeia.com/niggersmanifesto.htm }
Supports gun control, Obama and Piers Morgan... { Yeah … and venal-la feinstein’s position on guns too … he seems the perfect fit for DHS (homeland security); you know, disarm the sane leaving them defenseless while stocking up on heavy weaponry they and other nut-cases can kill you with … loves O …You can’t make this stuff up in pervasively corrupt, meaningfully lawless, defacto bankrupt america http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
Wrote online message to Tebow...

Tony Bennett: If Americans Keep Firearms, “Rest of the World Will Really Take Care Of Us” Kurt Nimmo | Compares America upholding Second Amendment to Nazi Germany. { Come on! Who takes anthony dominick benedetto aka tony bennett seriously … his herpes virus has probably migrated to his brain! Probably a Mussolini fan and in real time! } http://albertpeia.com/europeanhouseofcards.htm

Insiders now aggressively bearish Marketwatch http://albertpeia.com/marketcrashcomin.htm

Guest Post: All Is Well

Submitted by Tyler Durden on 02/06/2013

“Facts do not cease to exist because they are ignored.” – Aldous Huxley

The entire system is corrupt to its core. Both political parties, regulatory agencies, Wall Street, the Federal Reserve, and mainstream media are participants in this enormous fraud. They grow more desperate and bold by the day. The lies, misinformation and propaganda being spewed on a daily basis become more outrageous and audacious. They are using the Big Lie method on a grand scale. They frantically need to lure the muppets into the stock market and the housing market to keep the game going a little longer. You can sense we are reaching a tipping point. The system they have created is mathematically unsustainable. Therefore, it will not be sustained.

8,583 Dead Americans http://www.wealthdaily.com
By Jeff Siegel America's Gun Violence Problem is NOT Guns
http://albertpeia.com/usgunviolenceproblemisnotguns.htm

http://albertpeia.com/stockmarketcrashineurope.htm

http://albertpeia.com/moneyprintingwarfare.htm

{AP1-23-13: No! I didn’t watch the monkey bowl nigger show at half-time, and only parts of this year’s monkey bowl. Wow! San franny, on their fanny, should give former san fran mayor, venalla feinstein a call to send in the big guns before she bans them. Whoops…need to break the momentum of rival of niggertown favorite, san fran so power outage in niggertown new orleans…definitely hurricane katrina’s fault…riiiiight …better give nigger ray nagin a call to get things back up and runnin’…whoops, no can do – nigger ray’s just been indicted ( http://www.nola.com/crime/index.ssf/2013/01/a_breakdown_of_the_payments_to.html ) …Besides, this is a great way to level the playing field for the hometown nigger purse-snatchers…you know, lights out and all. Actually, I truly am rooting for the ravens, but not much…reason? To thwart this year’s egregious wall street fraudulent, manipulated ‘january effect’ superstition; viz., an AFL team nigger bowl win means according to mental case wall street superstition, bear market/bad stock market (actually, ‘sell now before may and go away’ is the apposite axiom regardless who wins). This is the last monkey bowl I’ll be watching even part of. If you’re rooting for san Francisco, be sure to where some flowers in your hair. This was the sh**iest monkey bowl I’ve ever seen even a part of! }

{ Talk about monkey bowls, after today’s rout the ‘pundits’, NBR, ‘money honeys’, etc., have been recently and even today talking up the recent moves into the market by ‘the little guy’ (historically known as the ‘dumb money’, but ‘this time it’s different … NOT!). This contraindicated, pomo’d bubble market has all the earmarks of a classic ‘sting’! (Suck ‘em in, suck ‘em dry!) }

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

2-20-13 20 Signs That The U.S. Economy Is Heading For Big Trouble In The Months Ahead

http://theeconomiccollapseblog.com

http://albertpeia.com/20signsuseconomyinbigtrouble.htm

Spain Just Issued a Warning: The System is Blowing Up Again

February 20, 2013 http://gainspainscapital.com http://albertpeia.com/spainswarningofsystemcollapse.htm

How Corrupt is Goldman Sachs? { Short answer … VERY! } Goldman Clients Get the Shaft... AGAIN http://www.wealthdaily.com

FEB 20 - BRITON RYLE The latest example of Goldman's profit-mongering deceit is so blatant, so downright perverse, it's almost comical. Almost. Analyst Briton Ryle explains... { Prosecution, disgorgement, and jail is where they belong! } Read More... { Their ‘Don’t look a gift-horse in the mouth’ (self-serving) advice really takes the cake! … Goldman 'Explains' The 'Market': "Best Not To Look A Gift-Horse In The Mouth" ZH { Riiiiight! Sounds like a plan! The ‘gift-horse’ that’s … not a gift-horse at all … You’re paying through your nose and teeth. It was amusing to see mainstream media puzzling over the record high gas prices so early in this time of year, and as well, the coming jump in beef prices. There’s no mystery here! This is the natural and inevitable concomitant to ‘printing presses gone wild’. Not printing presses for product for intellectual consumption; but rather, printing presses (whether by print or computer ledger entry) for those ever more worthless paper fiat dollars backed by nothing but insurmountable debt of a defacto bankrupt nation. Remember: There’s no free lunch … fraudulent wall street’s predictable/intended gain (from QE, currency debasement, etc.) is your substantial pain! It’s the zimbabwee financial model gone american … , Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! } “Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point,

"Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical)…” , Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe. }

In The Strange Case Of Gold's Regular Morning Mugging

Submitted by Tyler Durden on 02/20/2013

We noted yesterday the strange intraday pattern emerging in Silver price movements - the alarmingly predictable morning takedown of the precious metals when the NYMEX opens. It's a reality that we need to be eyes wide open about, as it underscores the challenges of being long in an asset that powerful players don't want to appreciate. And while it's important to understand the risks in play here (e.g. these raids may continue for longer than we think possible), we emphasize the importance for precious metal owners to hold fast with the courage of their convictions - ultimately fundamentals will prevail and gold and silver prices will rise to their true levels. So, if you decide to bet on the continued success of the status quo, your choices are easy: Get in the paper markets and go long. The Fed will be adding $85 billion of liquidity rocket fuel each month for the rest of the year to push the prices of your paper investments even higher.

But if you choose the fundamentals, here are a few important guidelines to keep in mind.

America's TBTF Bank Subsidy From Taxpayers: $83 Billion Per Year

Submitted by Tyler Durden on 02/20/2013 Day after day, whenever anyone challenges the TBTF banks' scale, they are slammed down with a mutually assured destruction message that limitations would impair profitability and weaken the country's position in global finance. So what if you were to discover, based on Bloomberg's calculations, that the largest banks aren't really profitable at all? What if

the billions of dollars they allegedly earn for their shareholders were almost entirely a gift from U.S. taxpayers? The stunning truth is that the top-five banks account for $64 billion of an implicit subsidy based on the ludicrous (but entirely real) logic that: The banks that are potentially the most dangerous can borrow at lower rates, because creditors perceive them as too big to fail. Once shareholders fully recognized how poorly the biggest banks perform without government support, they would be motivated to demand better. The market discipline might not please executives, but it would certainly be an improvement over paying banks to put us in danger.

Cashin, Klarman, & Marks: "Un-abating Risks Of Collapse"

Submitted by Tyler Durden on 02/20/2013

One can spend all day watching financial media channels stuffed full of self-promoting index-hugging asset-managers and be left with the belief that all is well and that the market does indeed represent our reality... Or, as UBS' Art Cashin notes today (confirming what we first published a month ago - here, here, and here), there is more (well less) to today's global economy and markets than meets the eye or rests in the headlines. His excellent diatribe today reiterates our previous comments of investing icons such as Baupost's Seth Klarman and Oaktree's Howard Marks that

"(The) underpinnings of our economy and financial system are so precarious that the un-abating risks of collapse dwarf all other factors."

Step Aside Apple: Presenting The Hedge Fund World's Newest Most Widely Held Stock

Submitted by Tyler Durden on 02/20/2013 Quarter after quarter we would recap the hedge fund world's infatuation with one stock and one stock alone: Apple. This inverse-mormon love affair hit its peak in the quarter ended September 30, when a record number of hedge funds were invested in AAPL stock. This was also the quarter when AAPL hit its all time high price and has since proceeded to slump by nearly 40% in four short months. Which was to be expected: hedge fund hotels always become flaming death traps when the sucker rally finally ends and what so many mistook and goalseeked for fundamentals, ended up being merely euphoria and momentum chasing as one after another marginal buyer put their money into a stock that seemingly could do no wrong or so we were told day after day. As of December 31, AAPL is no longer the darling of hedge fund groupthink. In its place we have a new hedge fund hotel. Presenting:

AIG, which with 80 hedge funds reporting it as a Top 10 holding (compared to GOOG with 73, and AAPL with 67), is now the stock that has suckered in the most hedge fund capital, and where any future growth will depend solely on pulling incremental dumb money in.

Jobs & The Economy - This Time It's No Different

Submitted by Tyler Durden on 02/20/2013 Following the FOMC's schizophrenic minutes, we thought it topical to look at how history has treated divergences between a lagging jobs market and a leading indicator (new orders) of the real economy. It appears that since the debt super-cycle began,

the real economy has downshifted before the jobs market with CEOs finally giving in to slowing growth and laying people off soon after... of course, this time could be different - as we are sure to be told...

Guest Post: Who's Living Large in Retirement?

Submitted by Tyler Durden on 02/20/2013

Who fares better in retirement, pensioners or folks who saved up their own respective nest eggs? If you look at the numbers, you might be surprised to learn who's really "living large" after retirement.

Meet China's Housing Debt Slaves

Submitted by Tyler Durden on 02/20/2013

Think Americans are the only people in the world toiling under a gargantuan debtload, which at last check was a massive $55.3 trillion, or about $175K per person? Think again. Meet Sherry Sheng, a 29-year-old Shanghai policewoman, who bought herself a 4,000 yuan ($642) black fur jacket, splurging for the last time before she starts paying off the mortgage on her first home.Sherry is what is known as a Chinese "

housing slave."

Stocks Drop Most In 2013 As Gold Is Crucified On The Death Cross

Submitted by Tyler Durden on 02/20/2013

A strange sea of red inhabits the screens of many traders and investors across the USA this evening, and all it took was for the FOMC to hint that the punchbowl will have to be taken away at some point in the future.

Biggest jump in VIX in 2013; biggest plunge in Homebuilders in 8 months (as TOL misses and Starts were ugly); biggest dump in stocks in 2013; Gold plunges to $1565 and suffers Death Cross; USD soars and crosses above its 200DMA; and oil has frantic flash crash early on. Not a pretty day as stocks drop below the lower edge of their up-trend channel for the year and test critical support amid the highest volume of the year. The four words on everyone's lips this evening: Where is Kevin Henry?

The 'Kyle Bass' Trade And How The Penny Cost Taxpayers $436mm

Submitted by Tyler Durden on 02/20/2013

It has been a few years since Kyle Bass suggested the 'nickel trade' and the idea remains as profitable for those with large wheel-barrows now as it ever was. As Bloomberg notes,

the penny currently costs almost 2 cents to make and the nickel more than 10 cents - more than double the cost from 2006. In those seven years, the US taxpayer has lost a stunning $436 million thanks to the inflationary devaluation of the USD relative to the metals involved, and while a former Arizona congressman (Jim Kolbe) tried to sponsor a bill to abolish the penny (to save the cost of minting), President Obama noted that "given all the big issues, we're not able to get to it," even as the Canadian Mint just stopped distributing pennies - saving $11mm annually. It seems, while the production process may have costs, the 100% markup for pennies and nickels remains an intriguing disconnect.

Market Reaction To FOMC Minutes

Submitted by Tyler Durden on 02/20/2013

UPDATE: Minutes after the post - Stocks getting ugly now, catching down to VIX and USD's move

Bonds were sold instantly as the more hawkish comments from the FOMC hit - as was Gold. The USD rallied and stocks dipped modestly. Once that initial knee-jerk settled, stocks have gone largely sideways to modestly lower, Treasury yields have pushed back towards the day's highs as the

USD strength and Gold weakness are tracking each other perfectly for now. Unfortunately, this is not helping the price of Oil - which is higher post-FOMC. Notably, while this is clearly being viewed as hawkish for bonds, commodities, and the USD, stocks appear unphased - but it seems VIX is soaking up the equity uncertainty for now (VIX +1.1 vols at 13.40%) indicating considerably more concern than the market itself (for now). The 'bond-like' Utilities sector is the most pressured (as rates rise) for now.

FOMC Minutes: Hawkish Rumblings Getting Louder

Submitted by Tyler Durden on 02/20/2013

It would appear that even though the relative dovishness of the FOMC has increased, a realization that the party has to stop sometime is dawning on the PhDs - though for now, the printing will continue until morale improves...

SEVERAL FOMC PARTICIPANTS SAID EASING MAY PROMPT EXCESSIVE RISK

MANY FOMC PARTICIPANTS VOICED CONCERN ABOUT RISKS OF MORE QE

SEVERAL ON FOMC SAID FED SHOULD BE PREPARED TO VARY PACE OF QE

FOMC PARTICIPANTS SAID ECONOMY WAS ON 'MODERATE GROWTH PATH'

SEVERAL FOMC PARTICIPANTS SAW IMPROVED U.S. CREDIT CONDITIONS

A NUMBER OF FED OFFICIALS SAID TAPERING QE MAY BECOME NECESSARY

Pre-FOMC: ES 1521.00, 10Y 2.01%, EUR 1.3337, Gold $1580, WTI $94.18

Guest Post: How Do We Break The Cycle Of Higher Tuition And More Debt?

Submitted by Tyler Durden on 02/20/2013

As we have discussed in detail (here, here, and most recently here), many college students face repaying a mountain of debt upon graduating, and many college graduates end up working jobs that don't require a degree. Even worse, 40 percent of college students drop out without earning a degree, but that does not free them from the debt they have accumulated. In this brief clip, Professor Daniel Lin argues - rightly - that

government subsidies are to blame for the continually rising costs of higher education. Although such subsidies are supposed to help defray college costs, they are making the situation worse. A policy that worsens the problem it is supposed to fix should be eliminated - even if it is the government's only credit inflating tool left.

Frontrunning: February 20

Submitted by Tyler Durden on 02/20/2013 Office Depot Agrees to Buy Officemax for $13.50/Shr in Stock

Bulgarian Government Resigns Amid Protests (WSJ)

Rome will burn, regardless of Italian election result (Reuters)

Abe Says No Need for Foreign Bond Buys Under New BOJ Chief (BBG)

Rhetoric Turns Harsh as Budget Cuts Loom (WSJ)

Muddy Waters Secret China Weapon Is on SEC Website (BBG)

Business Loans Flood the Market (WSJ)

Staples May Be Winner in Office Depot-OfficeMax Merger (BBG)

Fortescue Won't Pay Dividend, Profit Falls (WSJ)

Key Euribor rate on hold after rate cut talk tempered (Reuters)

FBI Probes Trading in Heinz Options  (WSJ)

Spain Said to Impose Yield Ceiling on Bond Sales by Regions (BBG)

BOK’s Kim Signals No Rate Cut Needed Now as Outlook Improves (BBG)

Rajoy Summarizes Overnight (And Recurring) Sentiment: "There Are No Green Shoots, There Is No Spring"

Submitted by Tyler Durden on 02/20/2013

In the aftermath of yesterday's surge in German hopium measured by the ZEW Economic Survey which took out all expectations to the upside, it was inevitable that the other double-dipping country, France, telegraphed some optimism despite a contracting economy and would follow suit with a big  confidence beat, and sure enough the French INSEE reported that February business sentiment rose from 87 to 90, on expectations of an unchanged number. And the subsequent prompt smash of investor expectations in Switzerland, where the ZEW soared from -6.9 to +10.0 tells us that something is very wrong in the Alpine country if it too is trying so hard to distract from the here and now. And while one can manipulate future optimism metrics to infinity, it is reality that is proving far more troublesome for Europe, as could be seen by the Italian Industrial Orders print which crashed -15.3% Y/Y on expectations of a smooth -9.5% drop, down from -6.7% previously. Since industrial orders are a proxy for future demand, a critical issue as Italy enters 2013 after six consecutive quarters of economic contraction and with no relief on the horizon, it is only fitting that Italy should shock the world with an off the chart confidence beat next.

RANsquawk EU Market Re-Cap - 20th February 2013

Submitted by RANSquawk Video on 02/20/2013

Who Tells Us What To Think? Does The Mainstream Media = The Matrix?

http://albertpeia.com/mainstreammediamatrix.htm

Show This To Anyone That Believes That “Things Are Getting Better” In America

http://albertpeia.com/thingsgettingworseinamerica.htm

Money Is A Form Of Social Control And Most Americans Are Debt Slaves

http://albertpeia.com/socialcontroldebtslaves.htm

40 Ways That China Is Beating America

http://albertpeia.com/40wayschinabeatingamerica.htm

It’s Time For Name That Insolvent Banking System!

http://albertpeia.com/insolventbankingsystems.htm

Europe is Fixed? Just Like Wall Street Was “Fixed” in May 2008, How’d That Turn Out?

http://albertpeia.com/europeaintfixed.htm

WARNING: The EU Crisis is BACK and Will Be Getting Worse in the Coming Weeks

http://albertpeia.com/eucrisisbackandworse.htm

Petrogold: Are Russia And China Hoarding Gold Because They Plan To Kill The Petrodollar?

http://albertpeia.com/deathofpetrodollar.htm

Is It Fair For People On Food Stamps To Buy Prime Rib And Lobster While Working Families Barely Survive?

http://albertpeia.com/wobamagravytrain.htm

El-Erian On Stocks: "Prices Are Artificially High - It’s Time to Take Profits"

Submitted by Tyler Durden on 02/15/2013 -

"It’s not going away, it’s going to get worse," is how PIMCO's Mohamed El-Erian warns Yahoo's Lauren Lyster about central bank policy and the currency wars that are so much in discussion currently. Central banks have been compelled to undertake unconventional measures, things they haven’t done before, because other policymakers are not stepping up to take responsibility on the fiscal side. These implicit devaluations and beggar-thy-neighbor policies force a lot of liquidity into the system and by pushing up asset prices, central banks believe, create a 'weath effect'. It can also trigger “animal spirits” – we get all excited and invest more. In terms of equity markets, El-Erian says investors are split into two camps. One camp believes that everything will go higher and central banks will succeed in their efforts. The other camp believes asset prices are going to come down to meet the fundamentals. El-Erian puts himself in the second camp. “We think that prices are artificially high, that maintaining them here is going to be hard as central banks become less effective, and that it’s time to book some profits and to wait for some better entry points,” he explains. He clarifies that this is not a “Lehman moment." But “prices that have gotten way ahead of what policy can deliver,"

Goldman 'Explains' The 'Market': "Best Not To Look A Gift-Horse In The Mouth"

Submitted by Tyler Durden on 02/19/2013 - Good news, bad news, no news, dips, no dips, who cares. As Goldman sales/trading desk says, never look a gift-Bernanke in the mouth (especially if he ends up in a frozen lasagna at a store near you). From GS: A solid rally today and new cycle highs for US equities – but that’s where the story stops.

No obvious catalyst. No bullish data. European stocks traded well, with most people pointing to a better German ZEW print, but it’s not clear why that would translate into such a strong US trading session. Maybe it’s best though not to look a gift-horse in the mouth. One can't help but laugh at this "market." { Riiiiight! Sounds like a plan! The ‘gift-horse’ that’s … not a gift-horse at all … You’re paying through your nose and teeth. It was amusing to see mainstream media puzzling over the record high gas prices so early in this time of year, and as well, the coming jump in beef prices. There’s no mystery here! This is the natural and inevitable concomitant to ‘printing presses gone wild’. Not printing presses for product for intellectual consumption; but rather, printing presses (whether by print or computer leger entry) for those ever more worthless paper fiat dollars backed by nothing but insurmountable debt of a defacto bankrupt nation. Remember: There’s no free lunch … fraudulent wall street’s predictable/intended gain (from QE, currency debasement, etc.) is your substantial pain! It’s the zimbabwee financial model gone american … Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! } “Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical)…” Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe.

Global ‘credit supernova’ turns 2013 bull to bear Marketwatch

Paul B. Farrell Archives | Email alerts Feb. 9, 2013, 6:02 a.m. EST Global ‘credit supernova’ turns 2013 bull into bear Commentary: Bill Gross warns about Fed’s cheap-money schemes

By Paul B. Farrell, MarketWatchSAN LUIS OBISPO, Calif. (MarketWatch) — ‘Bill Gross predicting a “Credit Supernova.” Yes, that’s what the “Bond King” sees dead ahead. He knows, his firm has $2 trillion at risk of collapsing into the “Black Hole” coming after the Credit Supernova, when the Federal Reserve cheap money finally explodes in America’s face, brings down the economy, again. Gross’s Credit Supernova metaphor is the explosive headline on his latest Pimco newsletter. So what’s a supernova? Jump over to the Space.com’s parallel universe where you’ll discover a supernova happens when a “blindingly bright star bursts into view in a corner of the night sky ... burns like a ... brilliant point of light.”A supernova is “the explosion of a star that has reached the end of its life ... Supernovas can briefly outshine entire galaxies and radiate more energy than our sun will in its entire lifetime.” Yes, a supernova is the “explosion of a star that has reached the end of its life.”“End of its life?” Is America’s star economy burning out? Sure sounds like it: Gross is doing more than just hinting with his Credit Supernova metaphor. He’s predicting the collapse of the American economy and global financial markets, far worse than the 2008 Wall Street bank credit collapse, worse than the 2000 dot-com crash. As the folks over at Business Insider put it: “Investment banks have morphed markets with ‘Ponzi Finance.’ And time is almost up.”

Fed’s Ponzi scheme: Credit expansion killing economic growth Business Insider’s Matthew Boesler summarized Gross’s rather cryptic metaphor this way: Gross’s newsletter “tackles the relationship between credit expansion and real growth” where under Bernanke the Fed’s cheap-money bubble makes our monetary problems get bigger as the Fed keeps kicking them down the road. So the Fed’s “Ponzi Finance” must run its printing presses full blast to pump more and more credit into the economy “just to cover increasingly burdensome interest payments, with accelerating inflation the end result.” The problem is huge: Bernanke’s Ponzi Finance is self-sabotaging. Endless cheap money upsets the balance between credit expansion and real economic growth, resulting in diminishing returns: “Each additional dollar of credit seems to create less and less heat. In the 1980s, it took four dollars of new credit to generate $1 of real GDP. Over the last decade, it has taken $10, and since 2006, $20 to produce the same result.” Bad news. Yes, Wall Street and central banks worldwide are the engine driving Bernanke’s Ponzi scheme straight into a Credit Supernova bubble. Why? Because in the past generation more and more of the Fed’s new credit was channeled into market speculation, distorting the balance between markets and the real economy. “Investment banking, which only a decade ago promoted small-business development and transition to public markets, now is dominated by leveraged speculation and the Ponzi Finance.”

Gross warns: As a result, “our credit-based financial markets and the economy it supports are levered, fragile and increasingly entropic — it is running out of energy and time. When does money run out of time? The countdown begins when investable assets pose too much risk for too little return; when lenders desert credit markets for other alternatives such as cash or real assets,” a trend that’s already accelerating as more and more investors wise up to Wall Street’s dangerous Ponzi Finance, anticipating that a Credit Supernova will soon bring down Bernanke’s totally mismanaged monetary system, probably in 2013, months before his scheduled retirement.

After Credit Supernova will banks see the light ... or stay blinded?

Alan Blinder is familiar to Wall Street Journal readers and investors. The former vice chair of the Federal Reserve just published “After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead.” His recent New York Times op-ed piece is a perfect playbook of what’s coming after Wall Street’s Credit Supernova explodes. Blinder opens by quoting Hegel: “What experience and history teaches us is that people and governments have never learned anything from history.” But then Blinder adds, “actually, I think people do learn. The problem is that they forget, sometimes amazingly quickly. That seems to be happening today, even though recovery from the economic debacle of 2008-9 is far from complete. Evidence of this forgetting is everywhere.” His list of Wall Street’s mental blocks is all too familiar. They are blind, in denial. So Blinder “encapsulates what we must remember about the financial crisis into 10 financial commandments, all of which were brazenly violated in the years leading up to the crisis.” Imagine his frustration, like Moses coming down from the mountain, seeing the people partying, honoring false idols, the golden calf of profits. Wall Street did the same, forgot in 2000, forgot again in 2008, went back to the same old tricks.

Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?

http://albertpeia.com/retailapocalypse.htm

What Happens to a Financial System When Its Two Biggest Pillars Collapse?

http://albertpeia.com/systemicfinancialcollapse2pillarsdown.htm

Abolish The Income Tax: You Won’t Believe Who Is Getting Away With Paying Zero Taxes While The Middle Class Gets Hammered

http://albertpeia.com/notaxationwithoutrepresentation.htm

Billionaires Dumping Stocks, Economist Knows Why Wednesday, 06 Feb 2013 01:59 PM By Newsmax Wires Read Latest Breaking News from Newsmax.com http://www.moneynews.com/MKTNews/billionaires-dump-economist-stock/2012/08/29/id/450265?PROMO_CODE=110D8-1&utm_source=taboola#ixzz2LEHx4EHt

21 Signs That U.S. Public Schools Have Become Training Centers For Sexual Deviancy

http://albertpeia.com/ustrainingcentersforsexualdeviancy.htm

[ 25 Signs American Women Are Being Destroyed By The Sexual Revolution And Our Promiscuous Culture

http://albertpeia.com/uspromiscuity.htm

{ I’m constrained to say that grammar, junior high, and high school in the suburban town in which I grew up were not at all like that; and, far more conservative, civilized, and restrained (and no niggers whatsoever). I’ve included the following previous reference/link as a matter of disclosure and so as not to appear as a hypocrite in the context of this referenced subject: Drudgereport: STUDY: Girls As Young As 6 See Themselves As Sex Objects... { Wow! This is really quite alarming and bespeaks america’s new-found perverse, third-world uncivilized status, which is ‘picked up’ by kids who in some ways are smarter than given credit for with a vulnerable longing to please, be accepted in light of their powerless position in our ever more deteriorating society. For the record, personally, I’ve never had a virgin though I’ve been in a position to; that’s something I just don’t do. Never have, never wanted to, never would, never will! Moreover, with the prevalence of sick pedophiles and kiddie-porn, it’s not so surprising that kids might pick up on such abominable vibes. It is difficult to imagine that little girls could be the objects of such horror as, ie., Samantha Runnion ( who was kidnapped, sexually abused and strangled by a man who lured her from her front yard by telling her he had lost his dog. Her naked body was found the next day by a hiker in Cleveland National Forest, 50 miles southeast of Stanton.^[1] The autopsy revealed that she died from compression. A sample of the kidnapper's DNA was found under her fingernail. The suspect, a Lake Elsinore, California, man named Alejandro Avila, was convicted of first degree murder with special circumstances in May 2005. His DNA was found on Samantha's body, and her DNA was found in his car. He was arrested three days after the abduction. Avila had previously been to the condominium complex where Samantha lived, because his ex-girlfriend resided there and he had been previously acquitted of molesting her daughter and niece. On May 16, 2005, the jury recommended he receive the death penalty. On July 22, 2005, Avila was formally sentenced to death. He is incarcerated at San Quentin State Prison on death row ). As an aside, I’ve included the following for the record as well: Though I’ve had many consensual sexual liasons with many different female sexual partners (mid-hundreds) all of whom I liked, I’ve never, ever resorted to prostitutes. The accidental exceptions included two ‘call girls’; one having met at summer beach town bar matinee and who was ‘not working’ (as it turned out the reason being she was at the end of her menstrual cycle). The other at a grocery store with her daughter which made such in my mind, unlikely. As it turned out, both were ‘nymphomaniacs’ (which, truth be told, made for quite an exceptional sexual romp) and I simplistically inferred/surmised without dwelling on the subject that they probably expected they’d have inordinate amounts of sex anyway and might as well get paid for it – of course I didn’t nor was I asked to pay. The other incident I’m including here for the record concerned an absolutely beautiful (blonde hair, blue eyes, pretty, cute, perfectly built/proportioned – make no mistake, however, I like brunettes also) girl I met at a bar called ‘the Red Ranch’, later changed to ‘Harpoon Willy’s’. At closing, we immediately became amorous, near intimate to a point in my car with abrupt ‘resistance’ at the ‘crucial moments’. When I finally, ‘exasperated’, asked ‘what’s up’, she stated she had recently broken up with her boyfriend who had gone too far in the ‘sado-masochistic’ ritual behavior they were, and she still was into. I told her I wasn’t into it (I don’t connect sex with sado-masochism); never would, never did, never will. We talked for quite some time and she explained her ‘predisposition’ the (her perceived) consequence of her strict, puritanical upbringing and feelings of guilt concomitant with sexual activity requiring coincident punishment/pain when so engaged. I was busy with law school evenings, work full-time, and teaching at a local college part-time and parted ways without taking her number and never did see her again. } ]

Video Of The Day: Regulators Squirm When Asked About "Too Big to Jail"

Submitted by Tyler Durden on 02/18/2013 - This video has been going around for a few days, but wow.  Very powerful and could be effective in knocking some sense into more sheeple if it gets spread widely enough. It’s an

absolute joke that these people being questioned by Senator Elizabeth Warren are supposed hold the banks to task. She also makes the key point how ordinary citizens are constantly harassed by the “authorities” for what are in many cases petty and victimless crimes, while the bankers who have unleashed more destruction than anyone else, get slaps on the wrist.  Every single American should watch this short clip.

New Jersey Casino Files For Bankruptcy Ten Months After Opening; No Taxpayer Funds Will Be Lost This Time

Drudgereport: PHOTOS: Four months after Hurricane Sandy, Jersey Shore still a wasteland... { At least, some good news … http://albertpeia.com/jerseywasteland.htm }

Drudgereport:

EX-LAPD WANTED IN COP SHOOTINGS...
Left 20-page manifesto on FACEBOOK...
Uncensored... { http://albertpeia.com/niggersmanifesto.htm }
Supports gun control, Obama and Piers Morgan... { Yeah … and venal-la feinstein’s position on guns too … he seems the perfect fit for DHS (homeland security); you know, disarm the sane leaving them defenseless while stocking up on heavy weaponry they and other nut-cases can kill you with … loves O …You can’t make this stuff up in pervasively corrupt, meaningfully lawless, defacto bankrupt america http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm

http://albertpeia.com/fbimartinezcongallard.htm }
Wrote online message to Tebow...

Tony Bennett: If Americans Keep Firearms, “Rest of the World Will Really Take Care Of Us”

Kurt Nimmo | Compares America upholding Second Amendment to Nazi Germany. { Come on! Who takes anthony dominick benedetto aka tony bennett seriously … his herpes virus has probably migrated to his brain! Probably a Mussolini fan and in real time! } http://albertpeia.com/europeanhouseofcards.htm

Insiders now aggressively bearish Marketwatch http://albertpeia.com/marketcrashcomin.htm

Guest Post: All Is Well

Submitted by Tyler Durden on 02/06/2013

“Facts do not cease to exist because they are ignored.”

– Aldous Huxley

The entire system is corrupt to its core. Both political parties, regulatory agencies, Wall Street, the Federal Reserve, and mainstream media are participants in this enormous fraud. They grow more desperate and bold by the day. The lies, misinformation and propaganda being spewed on a daily basis become more outrageous and audacious. They are using the Big Lie method on a grand scale. They frantically need to lure the muppets into the stock market and the housing market to keep the game going a little longer. You can sense we are reaching a tipping point. The system they have created is mathematically unsustainable. Therefore, it will not be sustained.

8,583 Dead Americans http://www.wealthdaily.com
By Jeff Siegel America's Gun Violence Problem is NOT Guns
http://albertpeia.com/usgunviolenceproblemisnotguns.htm

Drudgereport:

CHICAGOLAND: Police To No Longer Respond Immediately To Burglaries, Car Thefts...
{In the latest nigger news:} Flash Mobs Turning Into Epidemic On NYC Streets; NYPD Powerless...
3 People Stabbed On NYC Subway Platform...
Basketball Coach Shoots Attackers... (WXYZ) - Police sources tell 7 Action News that a women's basketball coach from Martin Luther King, Jr. Senior High School shot two men who attacked him as he was walking two basketball players to their cars in the school parking lot.

CLICK HERE FOR THE LATEST UPDATES

Police sources say the coach was walking the two girls to their cars when two men allegedly approached and one pulled out a gun and grabbed him by his chain necklace. The coach then pulled out his gun and shot both of them, according to sources.The man who shot the attackers was 70 years old, according to police. One of the attackers was found dead in the median on Lafayette Boulevard, and the other was taken to a local hospital, according to police sources. We've learned that both of the men had attended the high school, and one had been recently expelled. Read more: http://www.wxyz.com/dpp/news/man-shot-near-martin-luther-king-jr-high-school-in-detroit#ixzz2K4VUwpF9
CBO: Obamacare will cost 7 million workers healthcare coverage...
Gas prices hit all-time record high for early Feb...
8,830,026: Americans on Disability Hits New Record...
Sheriff Joe's credit-card info stolen, used at Chicago grocery store...

http://albertpeia.com/stockmarketcrashineurope.htm

http://albertpeia.com/moneyprintingwarfare.htm

{AP1-23-13: No! I didn’t watch the monkey bowl nigger show at half-time, and only parts of this year’s monkey bowl. Wow! San franny, on their fanny, should give former san fran mayor, venalla feinstein a call to send in the big guns before she bans them. Whoops…need to break the momentum of rival of niggertown favorite, san fran so power outage in niggertown new orleans…definitely hurricane katrina’s fault…riiiiight …better give nigger ray nagin a call to get things back up and runnin’…whoops, no can do – nigger ray’s just been indicted ( http://www.nola.com/crime/index.ssf/2013/01/a_breakdown_of_the_payments_to.html ) …Besides, this is a great way to level the playing field for the hometown nigger purse-snatchers…you know, lights out and all. Actually, I truly am rooting for the ravens, but not much…reason? To thwart this year’s egregious wall street fraudulent, manipulated ‘january effect’ superstition; viz., an AFL team nigger bowl win means according to mental case wall street superstition, bear market/bad stock market (actually, ‘sell now before may and go away’ is the apposite axiom regardless who wins). This is the last monkey bowl I’ll be watching even part of. If you’re rooting for san Francisco, be sure to where some flowers in your hair. This was the sh**iest monkey bowl I’ve ever seen even a part of! }

{ Talk about monkey bowls, after today’s rout the ‘pundits’, NBR, ‘money honeys’, etc., have been recently and even today talking up the recent moves into the market by ‘the little guy’ (historically known as the ‘dumb money’, but ‘this time it’s different … NOT!). This contraindicated, pomo’d bubble market has all the earmarks of a classic ‘sting’! (Suck ‘em in, suck ‘em dry!) }

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

2-19-13 ***** I've not posted to my website, etc., (except for myahoo daily news since the dates are already posted), since 2-08-13 because .....it's the lunar new year and Chinese markets are not open ..... just kidding! ..... because I'm on vacation .....just kidding again! .....actually, it's because I'm backing up my entire website to one of my laptops. It's taking longer than anticipated as I now enter the fourth day of download (has taken five days, total) ..... more and an update file - http://albertpeia.com/aupdate21413.htm

Who Tells Us What To Think? Does The Mainstream Media = The Matrix?

http://theeconomiccollapseblog.com

http://albertpeia.com/mainstreammediamatrix.htm

Show This To Anyone That Believes That “Things Are Getting Better” In America

http://theeconomiccollapseblog.com

http://albertpeia.com/thingsgettingworseinamerica.htm

Money Is A Form Of Social Control And Most Americans Are Debt Slaves

http://theeconomiccollapseblog.com

http://albertpeia.com/socialcontroldebtslaves.htm

40 Ways That China Is Beating America

http://endoftheamericandream.com

http://albertpeia.com/40wayschinabeatingamerica.htm

It’s Time For Name That Insolvent Banking System!

February 14, 2013 http://gainspainscapital.com

http://albertpeia.com/insolventbankingsystems.htm

Europe is Fixed? Just Like Wall Street Was “Fixed” in May 2008, How’d That Turn Out?

February 13, 2013 http://gainspainscapital.com

http://albertpeia.com/europeaintfixed.htm

WARNING: The EU Crisis is BACK and Will Be Getting Worse in the Coming Weeks

February 12, 2013 http://gainspainscapital.com

http://albertpeia.com/eucrisisbackandworse.htm

Petrogold: Are Russia And China Hoarding Gold Because They Plan To Kill The Petrodollar?

http://theeconomiccollapseblog.com

http://albertpeia.com/deathofpetrodollar.htm

Is It Fair For People On Food Stamps To Buy Prime Rib And Lobster While Working Families Barely Survive?

http://theeconomiccollapseblog.com

http://albertpeia.com/wobamagravytrain.htm

El-Erian On Stocks: "Prices Are Artificially High - It’s Time to Take Profits"

Submitted by Tyler Durden on 02/15/2013 - "It’s not going away, it’s going to get worse," is how PIMCO's Mohamed El-Erian warns Yahoo's Lauren Lyster about central bank policy and the currency wars that are so much in discussion currently. Central banks have been compelled to undertake unconventional measures, things they haven’t done before, because other policymakers are not stepping up to take responsibility on the fiscal side. These implicit devaluations and beggar-thy-neighbor policies force a lot of liquidity into the system and by pushing up asset prices, central banks believe, create a 'weath effect'. It can also trigger “animal spirits” – we get all excited and invest more. In terms of equity markets, El-Erian says investors are split into two camps. One camp believes that everything will go higher and central banks will succeed in their efforts. The other camp believes asset prices are going to come down to meet the fundamentals. El-Erian puts himself in the second camp. “We think that prices are artificially high, that maintaining them here is going to be hard as central banks become less effective, and that it’s time to book some profits and to wait for some better entry points,” he explains. He clarifies that this is not a “Lehman moment." But “prices that have gotten way ahead of what policy can deliver,"

Goldman 'Explains' The 'Market': "Best Not To Look A Gift-Horse In The Mouth"

Submitted by Tyler Durden on 02/19/2013 - Good news, bad news, no news, dips, no dips, who cares. As Goldman sales/trading desk says, never look a gift-Bernanke in the mouth (especially if he ends up in a frozen lasagna at a store near you).

From GS:

A solid rally today and new cycle highs for US equities – but that’s where the story stops. No obvious catalyst. No bullish data. European stocks traded well, with most people pointing to a better German ZEW print, but it’s not clear why that would translate into such a strong US trading session. Maybe it’s best though not to look a gift-horse in the mouth.

One can't help but laugh at this "market." { Riiiiight! Sounds like a plan! The ‘gift-horse’ that’s … not a gift-horse at all … You’re paying through your nose and teeth. It was amusing to see mainstream media puzzling over the record high gas prices so early in this time of year, and as well, the coming jump in beef prices. There’s no mystery here! This is the natural and inevitable concomitant to ‘printing presses gone wild’. Not printing presses for product for intellectual consumption; but rather, printing presses (whether by print or computer leger entry) for those ever more worthless paper fiat dollars backed by nothing but insurmountable debt of a defacto bankrupt nation. Remember: There’s no free lunch … fraudulent wall street’s predictable/intended gain (from QE, currency debasement, etc.) is your substantial pain! It’s the zimbabwee financial model gone american …

Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! } “Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical)…”

Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe.

Explaining The 'Revolting' Labor Conditions In South Africa

Submitted by Tyler Durden on 02/19/2013 It seems a week does not go by without some kind of violent (or non-violent) protest against conditions in the mining industry in South Africa. Only this week we had the Amplats-related platinum spike, but it appears the split between the private and public sector has become not just better known but unsustainably massive in the last few years. In what will likely set off another riot, Bloomberg notes that salaries for public servants have increased an average 14% annually since 2007 versus a 2.7% rise in the period for all-industry (es Agriculture) in the private sector. All this as CPI rose 6.3% annually on average. As one analyst noted "it is not sustainable," but it appears Pravin Gordhan - South Africa's FinMin - is apparently unlikely to meet a pledge to limit government salary increases to 5% - to help narrow the budget deficit (as GDP is expected to grow 4.8%). This government largesse appears to be 'revolting' - and is certainly fueling the fire across the nation's labor force.

Global ‘credit supernova’ turns 2013 bull to bear Marketwatch

Paul B. Farrell Archives | Email alerts Feb. 9, 2013, 6:02 a.m. EST Global ‘credit supernova’ turns 2013 bull into bear

Commentary: Bill Gross warns about Fed’s cheap-money schemes

By Paul B. Farrell, MarketWatch

SAN LUIS OBISPO, Calif. (MarketWatch) — ‘Bill Gross predicting a “Credit Supernova.” Yes, that’s what the “Bond King” sees dead ahead. He knows, his firm has $2 trillion at risk of collapsing into the “Black Hole” coming after the Credit Supernova, when the Federal Reserve cheap money finally explodes in America’s face, brings down the economy, again.

Gross’s Credit Supernova metaphor is the explosive headline on his latest Pimco newsletter. So what’s a supernova? Jump over to the Space.com’s parallel universe where you’ll discover a supernova happens when a “blindingly bright star bursts into view in a corner of the night sky ... burns like a ... brilliant point of light.”

A supernova is “the explosion of a star that has reached the end of its life ... Supernovas can briefly outshine entire galaxies and radiate more energy than our sun will in its entire lifetime.”

Yes, a supernova is the “explosion of a star that has reached the end of its life.”

“End of its life?” Is America’s star economy burning out? Sure sounds like it: Gross is doing more than just hinting with his Credit Supernova metaphor. He’s predicting the collapse of the American economy and global financial markets, far worse than the 2008 Wall Street bank credit collapse, worse than the 2000 dot-com crash.

As the folks over at Business Insider put it: “Investment banks have morphed markets with ‘Ponzi Finance.’ And time is almost up.”

Fed’s Ponzi scheme: Credit expansion killing economic growth

Business Insider’s Matthew Boesler summarized Gross’s rather cryptic metaphor this way: Gross’s newsletter “tackles the relationship between credit expansion and real growth” where under Bernanke the Fed’s cheap-money bubble makes our monetary problems get bigger as the Fed keeps kicking them down the road.

So the Fed’s “Ponzi Finance” must run its printing presses full blast to pump more and more credit into the economy “just to cover increasingly burdensome interest payments, with accelerating inflation the end result.”

The problem is huge: Bernanke’s Ponzi Finance is self-sabotaging. Endless cheap money upsets the balance between credit expansion and real economic growth, resulting in diminishing returns: “Each additional dollar of credit seems to create less and less heat. In the 1980s, it took four dollars of new credit to generate $1 of real GDP. Over the last decade, it has taken $10, and since 2006, $20 to produce the same result.” Bad news.

Yes, Wall Street and central banks worldwide are the engine driving Bernanke’s Ponzi scheme straight into a Credit Supernova bubble. Why? Because in the past generation more and more of the Fed’s new credit was channeled into market speculation, distorting the balance between markets and the real economy.

“Investment banking, which only a decade ago promoted small-business development and transition to public markets, now is dominated by leveraged speculation and the Ponzi Finance.”

Gross warns: As a result, “our credit-based financial markets and the economy it supports are levered, fragile and increasingly entropic — it is running out of energy and time. When does money run out of time? The countdown begins when investable assets pose too much risk for too little return; when lenders desert credit markets for other alternatives such as cash or real assets,” a trend that’s already accelerating as more and more investors wise up to Wall Street’s dangerous Ponzi Finance, anticipating that a Credit Supernova will soon bring down Bernanke’s totally mismanaged monetary system, probably in 2013, months before his scheduled retirement.

After Credit Supernova will banks see the light ... or stay blinded?

Alan Blinder is familiar to Wall Street Journal readers and investors. The former vice chair of the Federal Reserve just published “After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead.” His recent New York Times op-ed piece is a perfect playbook of what’s coming after Wall Street’s Credit Supernova explodes.

Blinder opens by quoting Hegel: “What experience and history teaches us is that people and governments have never learned anything from history.” But then Blinder adds, “actually, I think people do learn. The problem is that they forget, sometimes amazingly quickly. That seems to be happening today, even though recovery from the economic debacle of 2008-9 is far from complete. Evidence of this forgetting is everywhere.”

His list of Wall Street’s mental blocks is all too familiar. They are blind, in denial. So Blinder “encapsulates what we must remember about the financial crisis into 10 financial commandments, all of which were brazenly violated in the years leading up to the crisis.”

Imagine his frustration, like Moses coming down from the mountain, seeing the people partying, honoring false idols, the golden calf of profits. Wall Street did the same, forgot in 2000, forgot again in 2008, went back to the same old tricks.

Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?

http://theeconomiccollapseblog.com

http://albertpeia.com/retailapocalypse.htm

What Happens to a Financial System When Its Two Biggest Pillars Collapse?

February 15, 2013 http://gainspainscapital.com

http://albertpeia.com/systemicfinancialcollapse2pillarsdown.htm

Abolish The Income Tax: You Won’t Believe Who Is Getting Away With Paying Zero Taxes While The Middle Class Gets Hammered

http://theeconomiccollapseblog.com

http://albertpeia.com/notaxationwithoutrepresentation.htm

Billionaires Dumping Stocks, Economist Knows Why Wednesday, 06 Feb 2013 01:59 PM By Newsmax Wires Read Latest Breaking News from Newsmax.com http://www.moneynews.com/MKTNews/billionaires-dump-economist-stock/2012/08/29/id/450265?PROMO_CODE=110D8-1&utm_source=taboola#ixzz2LEHx4EHt

21 Signs That U.S. Public Schools Have Become Training Centers For Sexual Deviancy

http://endoftheamericandream.com

http://albertpeia.com/ustrainingcentersforsexualdeviancy.htm

[ 25 Signs American Women Are Being Destroyed By The Sexual Revolution And Our Promiscuous Culture

http://albertpeia.com/uspromiscuity.htm { I’m constrained to say that grammar, junior high, and high school in the suburban town in which I grew up were not at all like that; and, far more conservative, civilized, and restrained (and no niggers whatsoever). I’ve included the following previous reference/link as a matter of disclosure and so as not to appear as a hypocrite in the context of this referenced subject: Drudgereport: STUDY: Girls As Young As 6 See Themselves As Sex Objects... { Wow! This is really quite alarming and bespeaks america’s new-found perverse, third-world uncivilized status, which is ‘picked up’ by kids who in some ways are smarter than given credit for with a vulnerable longing to please, be accepted in light of their powerless position in our ever more deteriorating society. For the record, personally, I’ve never had a virgin though I’ve been in a position to; that’s something I just don’t do. Never have, never wanted to, never would, never will! Moreover, with the prevalence of sick pedophiles and kiddie-porn, it’s not so surprising that kids might pick up on such abominable vibes. It is difficult to imagine that little girls could be the objects of such horror as, ie., Samantha Runnion ( who was kidnapped, sexually abused and strangled by a man who lured her from her front yard by telling her he had lost his dog. Her naked body was found the next day by a hiker in Cleveland National Forest, 50 miles southeast of Stanton.^[1] The autopsy revealed that she died from compression. A sample of the kidnapper's DNA was found under her fingernail. The suspect, a Lake Elsinore, California, man named Alejandro Avila, was convicted of first degree murder with special circumstances in May 2005. His DNA was found on Samantha's body, and her DNA was found in his car. He was arrested three days after the abduction. Avila had previously been to the condominium complex where Samantha lived, because his ex-girlfriend resided there and he had been previously acquitted of molesting her daughter and niece. On May 16, 2005, the jury recommended he receive the death penalty. On July 22, 2005, Avila was formally sentenced to death. He is incarcerated at San Quentin State Prison on death row ). As an aside, I’ve included the following for the record as well: Though I’ve had many consensual sexual liasons with many different female sexual partners (mid-hundreds) all of whom I liked, I’ve never, ever resorted to prostitutes. The accidental exceptions included two ‘call girls’; one having met at summer beach town bar matinee and who was ‘not working’ (as it turned out the reason being she was at the end of her menstrual cycle). The other at a grocery store with her daughter which made such in my mind, unlikely. As it turned out, both were ‘nymphomaniacs’ (which, truth be told, made for quite an exceptional sexual romp) and I simplistically inferred/surmised without dwelling on the subject that they probably expected they’d have inordinate amounts of sex anyway and might as well get paid for it – of course I didn’t nor was I asked to pay. The other incident I’m including here for the record concerned an absolutely beautiful (blonde hair, blue eyes, pretty, cute, perfectly built/proportioned – make no mistake, however, I like brunettes also) girl I met at a bar called ‘the Red Ranch’, later changed to ‘Harpoon Willy’s’. At closing, we immediately became amorous, near intimate to a point in my car with abrupt ‘resistance’ at the ‘crucial moments’. When I finally, ‘exasperated’, asked ‘what’s up’, she stated she had recently broken up with her boyfriend who had gone too far in the ‘sado-masochistic’ ritual behavior they were, and she still was into. I told her I wasn’t into it (I don’t connect sex with sado-masochism); never would, never did, never will. We talked for quite some time and she explained her ‘predisposition’ the (her perceived) consequence of her strict, puritanical upbringing and feelings of guilt concomitant with sexual activity requiring coincident punishment/pain when so engaged. I was busy with law school evenings, work full-time, and teaching at a local college part-time and parted ways without taking her number and never did see her again. } ]

Video Of The Day: Regulators Squirm When Asked About "Too Big to Jail"

Submitted by Tyler Durden on 02/18/2013 - This video has been going around for a few days, but wow.  Very powerful and could be effective in knocking some sense into more sheeple if it gets spread widely enough. It’s an absolute joke that these people being questioned by Senator Elizabeth Warren are supposed hold the banks to task. She also makes the key point how ordinary citizens are constantly harassed by the “authorities” for what are in many cases petty and victimless crimes, while the bankers who have unleashed more destruction than anyone else, get slaps on the wrist.  Every single American should watch this short clip.

New Jersey Casino Files For Bankruptcy Ten Months After Opening; No Taxpayer Funds Will Be Lost This Time

Submitted by Tyler Durden on 02/19/2013 - If it seems like it hasn't been even a year since the latest Atlantic City casino, this one with the surreal ads showcasing Revel Atlantic City, opened up, it is because that is exactly the case. Ten months to be precise. And just as quickly as it came, just as quickly did it file for bankruptcy. Moments ago, the company issued a press release that it would engage in a debt-for-equity prepack (with Moelis, K&E and A&M all advising) Chapter 11 which will be completed over the summer. The biggest losers here are not so much the original owners of Revel Entertainment Group, Morgan Stanley which three years ago decided to walk away from its entire $932 million sunk investment in the bankrupt hotel (instead of spending another billion to complete it), but the people of New Jersey, who just lost another investment opportunity as some $260 million in the tax incentives that were supposed to help the project along will never reach their intended target. The continuation of the abandoned investment was the brainchild, and pride and glory of one Chris Christie who then said "the $2.4 billion Revel is one of the most spectacular resorts he's ever seen and expects it will motivate other Atlantic City casinos to revitalize their properties. "I think that one of the things that Revel will be is a catalyst for additional modernization and investment by the other casinos to say, listen, if we grow more people here coming to the region and we're offering something that looks nice further down the boardwalk, maybe people will want to look there as well." As it now stands, the Revel will only be a catalyst for further bankruptcies as industry after industry finds out what a tapped out consumer with no access to $1.8 trillion in excess reserves truly means.

Drudgereport: EX-LAPD WANTED IN COP SHOOTINGS...
Left 20-page manifesto on FACEBOOK...
Uncensored... { http://albertpeia.com/niggersmanifesto.htm }
Supports gun control, Obama and Piers Morgan... { Yeah … and venal-la feinstein’s position on guns too … he seems the perfect fit for DHS (homeland security); you know, disarm the sane leaving them defenseless while stocking up on heavy weaponry they and other nut-cases can kill you with … loves O …You can’t make this stuff up in pervasively corrupt, meaningfully lawless, defacto bankrupt america http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
Wrote online message to Tebow...

Tony Bennett: If Americans Keep Firearms, “Rest of the World Will Really Take Care Of Us” Kurt Nimmo | Compares America upholding Second Amendment to Nazi Germany. { Come on! Who takes anthony dominick benedetto aka tony bennett seriously … his herpes virus has probably migrated to his brain! Probably a Mussolini fan and in real time! } http://albertpeia.com/europeanhouseofcards.htm

Insiders now aggressively bearish Marketwatch http://albertpeia.com/marketcrashcomin.htm

Guest Post: All Is Well

Submitted by Tyler Durden on 02/06/2013

“Facts do not cease to exist because they are ignored.” – Aldous Huxley

The entire system is corrupt to its core. Both political parties, regulatory agencies, Wall Street, the Federal Reserve, and mainstream media are participants in this enormous fraud. They grow more desperate and bold by the day. The lies, misinformation and propaganda being spewed on a daily basis become more outrageous and audacious. They are using the Big Lie method on a grand scale. They frantically need to lure the muppets into the stock market and the housing market to keep the game going a little longer. You can sense we are reaching a tipping point. The system they have created is mathematically unsustainable. Therefore, it will not be sustained.

8,583 Dead Americans http://www.wealthdaily.com
By Jeff Siegel America's Gun Violence Problem is NOT Guns
http://albertpeia.com/usgunviolenceproblemisnotguns.htm

Drudgereport: CHICAGOLAND: Police To No Longer Respond Immediately To Burglaries, Car Thefts...
{In the latest nigger news:} Flash Mobs Turning Into Epidemic On NYC Streets; NYPD Powerless...
3 People Stabbed On NYC Subway Platform...
Basketball Coach Shoots Attackers... (WXYZ) - Police sources tell 7 Action News that a women's basketball coach from Martin Luther King, Jr. Senior High School shot two men who attacked him as he was walking two basketball players to their cars in the school parking lot.CLICK HERE FOR THE LATEST UPDATES Police sources say the coach was walking the two girls to their cars when two men allegedly approached and one pulled out a gun and grabbed him by his chain necklace. The coach then pulled out his gun and shot both of them, according to sources.The man who shot the attackers was 70 years old, according to police. One of the attackers was found dead in the median on Lafayette Boulevard, and the other was taken to a local hospital, according to police sources. We've learned that both of the men had attended the high school, and one had been recently expelled. Read more: http://www.wxyz.com/dpp/news/man-shot-near-martin-luther-king-jr-high-school-in-detroit#ixzz2K4VUwpF9
CBO: Obamacare will cost 7 million workers healthcare coverage...
Gas prices hit all-time record high for early Feb...
8,830,026: Americans on Disability Hits New Record...
Sheriff Joe's credit-card info stolen, used at Chicago grocery store...

http://albertpeia.com/stockmarketcrashineurope.htm

http://albertpeia.com/moneyprintingwarfare.htm

{AP1-23-13: No! I didn’t watch the monkey bowl nigger show at half-time, and only parts of this year’s monkey bowl. Wow! San franny, on their fanny, should give former san fran mayor, venalla feinstein a call to send in the big guns before she bans them. Whoops…need to break the momentum of rival of niggertown favorite, san fran so power outage in niggertown new orleans…definitely hurricane katrina’s fault…riiiiight …better give nigger ray nagin a call to get things back up and runnin’…whoops, no can do – nigger ray’s just been indicted ( http://www.nola.com/crime/index.ssf/2013/01/a_breakdown_of_the_payments_to.html ) …Besides, this is a great way to level the playing field for the hometown nigger purse-snatchers…you know, lights out and all. Actually, I truly am rooting for the ravens, but not much…reason? To thwart this year’s egregious wall street fraudulent, manipulated ‘january effect’ superstition; viz., an AFL team nigger bowl win means according to mental case wall street superstition, bear market/bad stock market (actually, ‘sell now before may and go away’ is the apposite axiom regardless who wins). This is the last monkey bowl I’ll be watching even part of. If you’re rooting for san Francisco, be sure to where some flowers in your hair. This was the sh**iest monkey bowl I’ve ever seen even a part of! }
{ Talk about monkey bowls, after today’s rout the ‘pundits’, NBR, ‘money honeys’, etc., have been recently and even today talking up the recent moves into the market by ‘the little guy’ (historically known as the ‘dumb money’, but ‘this time it’s different … NOT!). This contraindicated, pomo’d bubble market has all the earmarks of a classic ‘sting’! (Suck ‘em in, suck ‘em dry!) }

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

2-08-13 Dave’s Daily: http://www.etfdigest.com ‘BULLISH BLIZZARD 2-08-13 Bulls remain undaunted by higher payroll taxes, overbought conditions or much else. They worked hard to turn the week “green” for major indexes. The headline writers are quite busy spinning the good news. One stated “Nasdaq Near 12-Year High”.  Oh brother, wake me when its 5000 vs 3200.Seeing that we’re long I shouldn’t complain too much. The game hasn’t changed. On one side are very smart and experienced people who are raging at the machine. Most are gray-haired veterans who think they’ve seen it all. (The truth is, they haven’t.) The other side are the money printing central banks and ZIRP that make any choices beyond stocks seem dumb. That’s it. As I suggested a few days ago you either stay on the sidelines armed with your experienced wisdom or hold your nose and dive in to equities. If you agree then this should lead subscribers to our Lazy or Hedged Lazy portfolios as long as “the man” keeps printing. If this rally persists then it also means our active portfolio needs to deploy more of our cash to conditions. Aside from more money printing bulls seized on international trade data which showed the U.S. trade deficit shrinking ($-38.5 billion vs prior $-48.6 billion). This implied to bulls that GDP data would certainly expand. It was odd when compared to China announcing that its exports rose 25%. This prompted the wise guys at ZH to suggest that someone was lying { How ‘bout both lying! }. Further, bulls quickly forgot the horrible Productivity & Cost data from Thursday. But, this is a go-go market with HFTs and algos, many constructed as hedge funds, controlling the show.Risk assets like gold (GLD) are clearly out favor and the dollar (UUP) rallied further post Draghi’s comments to talk down the euro (FXE). Japan officials were surprised by how much the yen’s (FXY) declined which prompted a rally since so many are leaning heavily to one side of the trade. Commodity (DBC) were weaker even as energy (USO) & (UGA) prices were flat while grains (JJG) were weak after the crop report. Bonds (TLT) were marginally stronger in price.Of note was Venezuela devaluing its currency, the bolivar, from 4.30 to 6.30 to the dollar. This will hurt creditors and cause higher inflation naturally. This is a sideshow in the ongoing currency wars. Major stock indexes rallied to see most close positive for the week. Market leaders were primarily in tech with heavyweight Apple (AAPL) leading the sector higher along with semiconductors (SOXX).The weekly charts below show first the raw DeMark sequential counts for XLK. The next chart features a similar view with our proprietary trading signals for SOXX. In the latter small arrows (green or red) are indications to close long or short positions while large green & red arrows indicate long or short signals. We’ll be taking positions in both next week most likely…’

Watch The Financial Markets In Europe

http://theeconomiccollapseblog.com

http://albertpeia.com/europeanmeltdown.htm

The Fed is Beginning to Remove the Punchbowl… Are You Ready For What’s Coming?

February 8, 2013 http://gainspainscapital.com

http://albertpeia.com/fedpunchedout.htm

Drudgereport: EX-LAPD WANTED IN COP SHOOTINGS...
Left 20-page manifesto on FACEBOOK...
Uncensored... { http://albertpeia.com/niggersmanifesto.htm }
Supports gun control, Obama and Piers Morgan... { Yeah … and venal-la feinstein’s position on guns too … he seems the perfect fit for DHS (homeland security); you know, disarm the sane leaving them defenseless while stocking up on heavy weaponry they and other nut-cases can kill you with … loves O …You can’t make this stuff up in pervasively corrupt, meaningfully lawless, defacto bankrupt america http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
Wrote online message to Tebow...

Venezuela Launches First Nuke In Currency Wars, Devalues Currency By 46%

Submitted by Tyler Durden on 02/08/2013

While the rest of the developed world is scrambling here and there, politely prodding its central bankers to destroy their relative currencies, all the while naming said devaluation assorted names, "quantitative easing" being the most popular, here comes Venezuela and shows the banana republics of the developed world what lobbing a nuclear bomb into a currency war knife fight looks like:

VENEZUELA DEVALUES FROM 4.30 TO 6.30 BOLIVARS
VENEZUELA NEW CURRENCY BODY TO MANAGE DOLLAR INFLOWS
CARACAS CONSUMER PRICES ROSE 3.3% IN JAN.

And that, ladies and gents of Caracas, is how you just lost 46% of your purchasing power, unless of course your fiat was in gold and silver, which just jumped by about 46%. And, in case there is confusion, this is in process, and coming soon to every "developed world" banana republic near you.

Blast From The Past - 6 Years Ago Today...

Submitted by Tyler Durden on 02/08/2013

Six years ago today, with the S&P 500 around 1460 - having risen 20% without a correction for seven months - a handful of Wall Street's best and brightest joined CNBC's Larry Kudlow and Bob Pisani to discuss the Goldilocks economy, why the bears are wrong, and where the market is going next. Sometimes, we just need a reminder to snap us out of that recency bias... for example, Bob Pisani: "We have got a global rally going on... and the important thing is... there's a floor to the market - every time, for the last seven months, they sell the market down for 2 days, it comes right back... When you are in a global expansion like this, to sell...is foolish."

Friday Humor: "When It Needs To Get There On Saturday"

Submitted by Tyler Durden on 02/08/2013

Remember the popular myth that there are some things that the private sector can never, ever possibly replicate the public sector in because, you know, "they didn't build that" and they couldn't possibly build that, even after accumulating some $16,487,564,297,892.03 in debt - no, only the government can be that efficient? We do. And apparently so does FedEx, which does so with just the faintest of a smirk...

200 Years Of Escalating Policy Mistakes

Submitted by Tyler Durden on 02/08/2013

"Central Bankers and policymakers can’t stop themselves from interfering." To be fair on them (unusual in his case), SocGen's Albert Edwards admits the pressure to do something in the face of “bad” economic news is overwhelming. The general public or more inconveniently, the electorate, clamor for action from policymakers to counter any economic pain. Any ‘Austrian School’-type suggestion that it is best to let the cycle play out is derided as heartless and defeatist. Something can and must always be done. Whether intervention makes things worse in the medium to long run is an inconvenience that can be ignored until later. We feel Edwards pain as he "sheds tears of despair as [he] was reminded of the blundering incompetence of our overconfident policymakers, whose interventions, despite their best intentions, seem to bring about financial crises with increasing rather than decreasing regularity."

"China Accounts For Nearly Half Of World's New Money Supply"

Submitted by Tyler Durden on 02/08/2013

After having less than half the total US deposits back in 2005, China has pumped enough cash into the economy using various public and private conduits to make even Ben Bernanke blush: between January 2005 and January 2013, Chinese bank deposits have soared by a whopping $11 trillion, rising from $4 trillion to $15 trillion! We have no idea what the real Chinese GDP number is but this expansion alone is anywhere between 200 and 300% of the real GDP as it stands now. And more: between January 2012 and January 2013 Chinese deposits rose by just over $2 trillion. In other words, while everyone focuses on Uncle Ben and his measly $1 trillion in base money creation in 2013 (while loan creation at commercial banks continues to decline), China will have created well more than double this amount of money in the current year alone!

USD Surges By Most In 7 Months As Stocks Stumble And Bonds Bid

Submitted by Tyler Durden on 02/08/2013

Keep Calm and Keep Buying. We are sure this will be the message as for the first time this year, the Dow closed the week in the red. First time in 42 years that the S&P 500 started the year up six weeks in a row... as the S&P and Nasdaq managed modest gains (thanks to AAPL's help) - making new multi-year highs as yet another high stop-run was sent out early. After testing back under 13%, VIX popped back higher in the afternoon to close the week slightly higher. However, while stocks stumbled along sideways not really doing anything - every other asset class saw significant risk-off related moves. The USD saw its biggest weekly rise in 7 months! Treasury yields dropped 6-8bps - the biggest rally in bonds in 5 weeks. High-yield credit has suffered its biggest 2-week plunge in 9 months. WTI Crude saw its biggest weekly drop in 2 months. Given the USD strength, gold performed very well (ending the week unch). Stocks remain significantly dislocated from credit, rates, and FX markets in the medium-term (all of which closed the week with a risk-off shift). Volume, amid the blizzard, was dismal today.

Faith Vs Fate

Submitted by Tyler Durden on 02/08/2013

The S&P 500 P/E ratio is testing 15x - its highest in 19 months. This takes the stock market's valuation back to its highest since the debt-ceiling debacle and USAAA downgrade (as if nothing ever happened). Since that time, expectations for GDP growth in 2013 has plunged from 3.2% to a measly 2.0%. The 'Market of Dreams' economy continues as Bernanke's "If you BTFD, we will recover" is the only mantra left. Was it only August 2007 that Bob Pisani was reminding us all that: "improved policies on the part of those steering the economy are the likely reason we have avoided recessions."

RANsquawk Weekly Wrap - 8th February 2013

Submitted by RANSquawk Video on 02/08/2013

"No Easy Off-Ramps" - Compare And Contrast

Submitted by Tyler Durden on 02/08/2013

"I will veto any effort to get rid of the automatic spending cuts" - Barack Obama, November 21, 2011

... "The President will urge Congress to come together and act to ensure these devastating cuts to defense and job-creating programs don’t take effect." - White House statement, February 5, 2013

High-Yield Bond ETF Outflows Spike To Record

Submitted by Tyler Durden on 02/08/2013

We have been monitoring the shifts in the high-yield bond market for a few weeks, noting that bond ETF and credit derivative markets are showing some serious (divergent from stocks) signs of risk-off. Whether this was driven by call-constraints limiting upside potential, a fundamental realization of a shifting macro background, or ad hoc idiosyncratic risk elevation due to releveragings and potential public-to-private transactions is unclear. What is clear is that this week saw the largest HY ETF outflow on record. Furthermore, HYG's shares outstanding have plunged over 11% in the last 90 days as ETF units are for the first time destroyed QoQ not created. The rotation appears to be up-in-quality and up-in-capital structure as loan funds saw inflows - but with stocks and credit linked inexorably via the balance sheet, the divergence cannot last forever (and never has). Until very recently this has not spilled over into the cash bond market, but the last few days have seen selling pressure picking up into this illiquid market.

Friday Farce: 16 Year Old Outperforms 99% Of Hedge Funds: "Oh My Gosh, That's So Easy, I Have To Do This"

Submitted by Tyler Durden on 02/08/2013

Forget Ackman, Einhorn, Bass, And Hendry. There is only one name in the world of equity market performance in 2012 - Rachel Fox, of 'Desperate Housewives' fame. With a 30%-plus performance, the day-trading debutante has turned from actress to activist as she day-trades her way through the day. The 16-year-old actress who made 338 trades last year, based mostly on technicals, ""...fell in love with the idea and the concept of being able to just buy something, have it go up, or have it go down, depending on which way you bet it and have it make you money. I thought, oh, my, gosh, that's amazing, and so easy, I have to do this." If ever there was a sign of the extreme bubble that central planning has re-created for us - it has to be this. Her advice: "you have to really just trade on your own instincts and not just be like, oh, this person says this is great, let me just go for it." LOL, OMG, IKR ;-( Our advice: next time readers are discussing stock tips with a random employee of Hustler Club, Scores or Spearmint Rhino - don't just stare, listen! Said 'random employee' is almost certainly outpeforming the "smart money", and the broader market, by a wide margin. Thank you Ben.

Guest Post: Britain's Greatest Depression

Submitted by Tyler Durden on 02/08/2013

This is just a disaster - and more prolonged than the depression of the 1930s. If British businesses don’t have confidence in Cameron and Osborne’s policies, if their policies don’t lower unemployment, don’t create growth, don’t boost imports and exports, don’t result in recovery, and don’t even result in less borrowing  (their stated aim), why do they continue to pursue them?

So Who Is Lying (More)?

Submitted by Tyler Durden on 02/08/2013

Overnight China reported great trade data which saw exports and imports soar by more than 20% each compared to 2012. Of course, when one adjusts for January calendar effects the "rise" was virtually non-existent but that was too much work for the Shanghai Composite algos. A few hours later, the US did the same, reporting even better trade data which saw the trade deficit plunge the most in nearly three years. So far so good: we just have one question - who is lying more. Because unlike all other sole-sourced economic manipulated data which is solely a function of some excel goal seek model and various spreadsheets, bilateral trade has to foot. One country's net exports have to equal its countepart's net imports and vice versa.

China's Surreal Economic Data: GDP Is Both CNY51.9 Trillion And CNY57.7 Trillion At The Same Time

Submitted by Tyler Durden on 02/08/2013

Chinese economic data is always good for a laugh. So, courtesy of some observations by Diapason's Sean Corrigan, let's laugh.

Brent-WTI Surges To 2-Month Highs

Submitted by Tyler Durden on 02/08/2013

Both the spring maintenance period in the US (creating a 'glut' of WTI), Seaway pipeline, and tensions in the Middle East are exaggerating the Brent-WTI spread which traded back to two-month highs. In the last week or so the differential has surged from around $16 to over $22 as WTI fell and Brent prices surged. There is a great degree of seasonality in this shift (and typically the Spring maintenance period has ended within the next week) but Iranian sanctions remain at the forefront (as does the belief that Germany's growth will be the engine of European demand - especially if EUR drops). This year was 'different' in so much as WTI outperformed for the first few weeks - potentially on the back of the global rise in risk-assets thanks to global central bank largesse. It appears the oil market is hinting at some slowdown.

Frontrunning: February 8

Submitted by Tyler Durden on 02/08/2013

Rate-Rig Spotlight Falls on 'Rain Man' (WSJ)

Blizzard Cancels U.S. Flights, Threatens Snow in New York (BBG)

Monti says he did not know of bank probes (FT)

Japan's Aso: yen has weakened more than intended (Reuters)

Japan Pledges Foreign-Policy Response to Territorial Incursions (BBG)

Paratroops mutiny in Bamako in blow to Mali security efforts (Reuters)

China, Japan engage in new invective over disputed isles (Reuters)

Asteroid to Traverse Earth’s Satellite Zone, NASA Says (BBG)

EU leaders haggle over budget tightening (FT)

China Trade Tops Forecasts in Holiday-Distorted Month (Bloomberg)

Buffett’s Son Says He’s Prepared Whole Life for Berkshire Role (BBG)

RANsquawk EU Market Re-Cap - 8th February 2013

Submitted by RANSquawk Video on 02/08/2013

Tony Bennett: If Americans Keep Firearms, “Rest of the World Will Really Take Care Of Us” Kurt Nimmo | Compares America upholding Second Amendment to Nazi Germany. { Come on! Who takes anthony dominick benedetto aka tony bennett seriously … his herpes virus has probably migrated to his brain! Probably a Mussolini fan and in real time! } http://albertpeia.com/europeanhouseofcards.htm

Insiders now aggressively bearish Marketwatch http://albertpeia.com/marketcrashcomin.htm

Guest Post: All Is Well

Submitted by Tyler Durden on 02/06/2013

“Facts do not cease to exist because they are ignored.” – Aldous Huxley

The entire system is corrupt to its core. Both political parties, regulatory agencies, Wall Street, the Federal Reserve, and mainstream media are participants in this enormous fraud. They grow more desperate and bold by the day. The lies, misinformation and propaganda being spewed on a daily basis become more outrageous and audacious. They are using the Big Lie method on a grand scale. They frantically need to lure the muppets into the stock market and the housing market to keep the game going a little longer. You can sense we are reaching a tipping point. The system they have created is mathematically unsustainable. Therefore, it will not be sustained.

8,583 Dead Americans http://www.wealthdaily.com
By Jeff Siegel America's Gun Violence Problem is NOT Guns
http://albertpeia.com/usgunviolenceproblemisnotguns.htm

Drudgereport: CHICAGOLAND: Police To No Longer Respond Immediately To Burglaries, Car Thefts...
{In the latest nigger news:} Flash Mobs Turning Into Epidemic On NYC Streets; NYPD Powerless...
3 People Stabbed On NYC Subway Platform...
Basketball Coach Shoots Attackers... (WXYZ) - Police sources tell 7 Action News that a women's basketball coach from Martin Luther King, Jr. Senior High School shot two men who attacked him as he was walking two basketball players to their cars in the school parking lot.CLICK HERE FOR THE LATEST UPDATES Police sources say the coach was walking the two girls to their cars when two men allegedly approached and one pulled out a gun and grabbed him by his chain necklace. The coach then pulled out his gun and shot both of them, according to sources.The man who shot the attackers was 70 years old, according to police. One of the attackers was found dead in the median on Lafayette Boulevard, and the other was taken to a local hospital, according to police sources. We've learned that both of the men had attended the high school, and one had been recently expelled. Read more: http://www.wxyz.com/dpp/news/man-shot-near-martin-luther-king-jr-high-school-in-detroit#ixzz2K4VUwpF9
CBO: Obamacare will cost 7 million workers healthcare coverage...
Gas prices hit all-time record high for early Feb...
8,830,026: Americans on Disability Hits New Record...
Sheriff Joe's credit-card info stolen, used at Chicago grocery store...

http://albertpeia.com/stockmarketcrashineurope.htm

http://albertpeia.com/moneyprintingwarfare.htm

{AP1-23-13: No! I didn’t watch the monkey bowl nigger show at half-time, and only parts of this year’s monkey bowl. Wow! San franny, on their fanny, should give former san fran mayor, venalla feinstein a call to send in the big guns before she bans them. Whoops…need to break the momentum of rival of niggertown favorite, san fran so power outage in niggertown new orleans…definitely hurricane katrina’s fault…riiiiight …better give nigger ray nagin a call to get things back up and runnin’…whoops, no can do – nigger ray’s just been indicted ( http://www.nola.com/crime/index.ssf/2013/01/a_breakdown_of_the_payments_to.html ) …Besides, this is a great way to level the playing field for the hometown nigger purse-snatchers…you know, lights out and all. Actually, I truly am rooting for the ravens, but not much…reason? To thwart this year’s egregious wall street fraudulent, manipulated ‘january effect’ superstition; viz., an AFL team nigger bowl win means according to mental case wall street superstition, bear market/bad stock market (actually, ‘sell now before may and go away’ is the apposite axiom regardless who wins). This is the last monkey bowl I’ll be watching even part of. If you’re rooting for san Francisco, be sure to where some flowers in your hair. This was the sh**iest monkey bowl I’ve ever seen even a part of! }

{ Talk about monkey bowls, after today’s rout the ‘pundits’, NBR, ‘money honeys’, etc., have been recently and even today talking up the recent moves into the market by ‘the little guy’ (historically known as the ‘dumb money’, but ‘this time it’s different … NOT!). This contraindicated, pomo’d bubble market has all the earmarks of a classic ‘sting’! (Suck ‘em in, suck ‘em dry!) }

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

2-07-13 Dave’s Daily: http://www.etfdigest.com ‘INVESTORS LOOK FOR BETTER NEWS 2-7-13 It doesn’t surprise that volatility is increasing as many indexes try to take out previous highs. These levels clearly mark resistance and have been highlighted this way for the last month. The only exception is small caps (Russell 2000: RUT) where weekly DeMark indicators have signaled exhaustion. But these indicators are in a fierce duel with liquidity injections courtesy of the Fed’s nonstop QE operations. It was almost amusing to read the biggest Fed dove’s remarks Thursday that the Fed’s QE is like an “energy bar” that will drive unemployment to 7% by the end of 2013. On the other hand Fed's Governor Jeremy Stein stated today: "…an extended period of low interest rates could create risks to financial stability, and policymakers should keep an eye on junk bond and leveraged loan markets for signs of excess risk-taking, and we are seeing a fairly significant pattern of reaching-for-yield behavior emerging in corporate credit. This was an admission related to the negative behavior of High Yield Bond (HYG) we posted yesterday.The dollar (UUP) and currency trading in general has led to so-called currency wars. When Japan decided to double the level of the inflation rate target that lead to a massive decline in their currency. This puts other countries on guard to devalue their currencies to maintain their competitive edge. And, so it goes. Below is a weekly chart of the yen (FXY) followed by a weekly chart of BZF (Brazil Real ETF) with the latter being lightly traded. The currency decline, due to government policy offered little help for market technicians since policy can steamroll indicators.  We were able to profit from the first move but the second move was too difficult given how oversold the yen quickly became. Brazil is quickly taking note as they worry both about inflation and competition. Yields on Brazil debt are higher but now we see a DeMark sequential weekly 9 which may slow the rise down as the government contemplates competitive easing.

http://albertpeia.com/daveschart20713.gif

http://albertpeia.com/daveschart20713no2.gif

One area where we can profit from currency wars is with DBV (DB G-10 Currency ETF) which shorts low yielding currencies within the G-10 in favor of being long higher yielding currencies and locking in the spread. Below is a weekly chart of DBV and you’ll not an imperfect 9 count since it was not higher than the high of the 6 count. This may seem like mumbo-jumbo but it’s an important distinction nevertheless.

http://albertpeia.com/daveschart20713no3.gif

We’re long DBV and have been since November with some additions in January.The news in currency markets today beyond what’s displayed above came from Mario Draghi and the ECB who basically “talked down” the euro (FXE) causing the dollar to rally (UUP). This shows the currency war has few boundaries.Stocks fell sharply early occasioned first by poor economic data as Jobless Claims (366K vs 360K expected & prior revised to 371K from 368K). This allowed headline writers to spin a larger drop in claims than was deserved. Productivity fell (-2% vs -1.3% expected & prior revised higher to 3.2% vs 2.9%) and Costs rose (4.5% vs 3.1% expected & prior revised lower to -2.3% vs -1.9%). These numbers are a poor combination of weaker productivity and higher costs. Draghi’s comments weren’t well-received either. With the dollar higher most commodities (DBC), (USO) and (GLD) saw selling. Bonds (TLT) were higher in price.Earnings news wasn’t particularly bullish overall as some tech companies like Akamai (AKAM) missed with results and Green Mountain Coffee (GMCR) fell hurting Consumer Discretionary (XLY) which had been a leader. After the close Coinstar (CSTR) reported results that disappointed while LinkedIn (LNKD) pleased allowing shares to rise over 10%.Volume picked-up Thursday on mostly selling although there were dip buyers in the PM once again. Breadth per the WSJ was negative…’

U.S. stocks close lower on buying fatigue Marketwatch { Wow! Buying fatigue! Riiiiight! How ‘bout those paper bubble-market QE fed air bubble stocks are not worth the paper they’re printed on, beyond the fraud and computerized manipulation; particularly when factoring macro and micro economic reality! }

Do Wall Street Insiders Expect Something Really BIG To Happen Very Soon?

http://theeconomiccollapseblog.com

http://albertpeia.com/marketcrashcomin.htm

Tony Bennett: If Americans Keep Firearms, “Rest of the World Will Really Take Care Of Us” Kurt Nimmo | Compares America upholding Second Amendment to Nazi Germany. { Come on! Who takes anthony dominick benedetto aka tony bennett seriously … his herpes virus has probably migrated to his brain! Probably a Mussolini fan and in real time! }

The European House of Cards is About to Collapse

February 6, 2013 http://gainspainscapital.com

http://albertpeia.com/europeanhouseofcards.htm

Where The Consensus Is... Wrong

Submitted by Tyler Durden on 02/07/2013

The equity markets, despite a verey modest drop so far today, continue to hang in despite slowing profits growth. David Rosenberg notes that while many tout the +6% YoY earnings growth, once adjusted for special factors, the growth rate in earnings is a meager 40bps! So, he notes, it appears not to be about earnings but about what investors are willing to pay for the earnings stream and lays out four reasons for the market's 'comfort'. However, while Mr. Market is catching on to the Fed's overt attempt to reflate the economy by reflating asset values, he warns, we have seen in the past how these cycles turn out - and whether you are a trend-follower or contrarian, take note of the overwhelming consensus across almost every asset class right now. Dow Theory advocates have been doing high-fives all year long as the S&P Industrials and Dow Transports make new highs, reinforcing the notion (mirage is more like it) of economic escape velocity, but Rosenberg has more than a few (EIGHT)  'anomalies' that show things are actually stagnating (or contracting) and don't pass his smell test.

DOJ Scrambles To Appear Impartial, Says "Don't Think Moody's Is Off The Hook"

Submitted by Tyler Durden on 02/07/2013

While Moody's slipped over 20% when the DoJ announced its cajillion dollar lawsuit against S&P for knowing the crisis was coming but not telling anyone, it later bounced back over 10% as investors believed the non-US-downgrading rating agency (that happened to be owned by Buffett) was too-big-to-jail. After-hours today, Reuters is reporting that the Justice Department and multiple states are discussing also suing Moody's Corp for defrauding investors, according to people familiar with the matter, but any such move will likely wait until a similar lawsuit against rival Standard and Poor's is tested in the courts. The stock is trading down 3% after-hours as sources (not authorized to speak publicly) added "don't think Moody's is off the hook." We can't help but think about the pending sequester-delaying deficit spike as perhaps, to appear impartial, the DoJ will keep the threat of a lawsuit against Moody's alive... during the entire period when the US may and should be downgraded.

CME Cuts Gold, Silver Margins

Submitted by Tyler Durden on 02/07/2013 - 18:40

Any trader of paper gold and silver will likely never forget the endless and certainly parabolic barrage of margin hikes that the CME imposed in the spring and summer of 2011 which had only one purpose: to break the back of the relentless anti-fiat rally in the precious metals (and which culminated with the historic May 1 take down of silver when the metal plunged some 15% in the span of seconds). Since then, perhaps as a result of initial and maintenance margins still at residual levels indicative of when the S&P was some 30% lower and some $4 trillion less in slushing global central bank liquidity, the upside euphoria in gold and silver has been decidedly hobbled, perhaps so much that the CME is now scrambling to find a whole new set of gullible investors who will obediently put their money in the paper trap, only to see a surge followed by yet another mauling from soaring margin demands. After all, the CME needs trading volume to keep the cash flow flowing - killing the paper market in any one product suits nobody. Sure enough, moments ago, the CME once again cut margins in a slew of products, most notably gold and silver, by some 10% and 14%.

Guest Post: Four Reasons Why Gold Stocks Are So Hated

Submitted by Tyler Durden on 02/07/2013

‘Five full years on from the financial crisis, stock markets have regained lost ground and are within striking distance of new record highs. Yet, it’s only now, after all the gains from the bottom have been made, that the investing crowd is starting to put money back into stocks. Curious. When stocks were cheap, nobody wanted them. Now that they’ve breached record nominal highs again (Dow 14,000++), investors are piling back in. It’s almost a cliche, but to make money investing, you generally have to buy something when nobody else wants it, and sell when everyone wants to buy. As a group, gold stocks are down between 20% and 30% over the past year. Yet in that same timeframe, the price of the gold has risen. As a result, sentiment toward gold stocks is pitiful. Even diehard gold bugs are tired of losing money in gold stocks and have been dumping their shares in disgust. There are 4 main reasons I can think of why gold stocks might be so cheap... There are 4 main reasons I can think of why gold stocks might be so cheap:

Now that the talking heads on TV are all telling us that the financial crisis is over, people expect the gold price to fall.

The presence of many alternative gold investments (Exchange Traded Funds like ‘GLD’) provides a means for people to have gold exposure without having to buy mining stocks.

Some investors may perceive that the increased cost of extracting gold is outpacing the price of gold, meaning that profit margins of gold mining companies may be deteriorating.

The prospect of a deflationary credit crunch would eliminate the availability of project financing, putting new mines at risk, particularly among the smaller miners.

Let’s examine these in turn.

Reason 1 is unrealistic. Stocks are hitting 5-year highs, but the root causes of financial crisis, namely too much borrowing and spending, have not been addressed.

There is more money and debt in existence now than ever in history. Central banks have created trillions of dollars out of thin air. And debts have merely migrated from the private sector to public balance sheets.

In our view, gold remains an EXCELLENT hedge against systemic risk in our view.

Reason number 2 is partly true. A lot of money that might have gone into gold mining stocks has instead gone into the many paper gold and ETF products that have proliferated in this bull market.

But with gold stocks now RELATIVELY cheaper against gold itself, a reversion to the mean seems a reasonable expectation.

Reasons 3 and 4 are possibilities. Mining costs are rising, and a deflationary credit crunch could really affect production if mining companies lose their financing.

Initially, this scenario would likely put downward pressure on both gold prices and the equity value of mining companies who would see their project financing opportunities diminish.

To me, these are among the chief risks we would be assuming by buying gold stocks over the long-term…’

Scapegoating Nemo: Meet The "Culprit" For The Upcoming Q1 GDP Miss

Submitted by Tyler Durden on 02/07/2013

Just as it was all tropical storm Sandy's fault for somehow impacting the national economy from California, to Florida, to Oregon and all the way to Vermont, but more importantly - giving economists a scapegoat on which to blame the acute weakness in economic data in the November timeframe, so tomorrow's "historic" blizzard will be the inevitable reason for which the economy will once again perform "below expectations." It will have nothing to do with the ongoing reign of authoritarian terror conducted by the residents of the Marriner Eccles building, which has made a baseline growth rate of 1% in the artificial economy an optimistic outcome. Because, as everyone knows, in a centrally-planned, priced to absolute perfection economy, no exogenous variables, such as snow storms in the middle of winter, can possibly be allowed or certainly factored for. Which is why expect to hear a whole lot more in the next 24 hours about Blizzard Nemo: after all propaganda patterning demands that everyone has a clear image of the perpetrator when the time comes to cast all blame on one single event and to distract from the real cause of now structural underlying economic weakness.

Another "High Volume Dip To Low Volume Rip" Rotation

Submitted by Tyler Durden on 02/07/2013

Thanks to Draghi's jawboning the correlated risk-off rampage that occurred into and through the open of the US day-session (as EUR plunged XX pips) sent S&P futures back well below 1500 on serious volume. Of course, that was unacceptable and once Europe closed and POMO was done, S&P futures began their VIX-coupled liftathon. By the close, S&P cash ended just in the red for the week again - within a 3pt range of closes (1511, 1512, 1509) in the last 3 days. Risk-assets in general were more correlated early on in the dip and then de-correlated (surprise) as stocks lifted. ETFs across rates, stocks, vol, and credit held together; but the underlying markets did not play along as the USD flatlined and Treasury yields only rose modestly as stocks surged this afternoon. Gold and silver ended the day down (after a flurry of dips and rips as Draghi spoke). A late-day, well-timed AAPL press release provided some impetus, pushing Tech almost into the green on the week (as only Staples are so far). European stocks, bonds, and credit are all red for the year; US credit is red for the year; US macro is red for the year; and US stocks continue to believe (SPX +6%) - even as the USD (+0.5% YTD) has the biggest 4-day jump in 7 months!

"In Feb 2013, Fed Will Buy 75% Of New 30y Treasury Supply"

Submitted by Tyler Durden on 02/07/2013

We urge readers to read the bolded section below, which comes straight from this quariter's Treasury Borrowing Advisory Committee (i.e., Primary Dealers) presentation to the Treasury Department, and explain, with a straight face, just how the Fed will ever be able to not only stop monetizing debt and injecting $85 billion of flow into the stock market, but actually sell any holdings.

December Revolving Credit Slides By Most Since July As Student Loans Surge By A Record

Submitted by Tyler Durden on 02/07/2013

If anyone was hoping that in the peak holiday month of December the US consumer would finally open up the purse strings and "charge" everything, we have bad news: in the last month of 2012 revolving consumer credit dipped by some $3.6 billion, a reversion of the modest increases seen in November and October, and the biggest decline in credit card debt since July of 2012. Yet overall consumer credit rose by some $14.6 billion and beat expectations of a $14 billion increase. Why? Because as we have been warning for quite a while, everyone is now piling into student debt (and NINJA Uncle Sam subprime car loans). Sure enough, non-revolving credit soared by $18.2 billion in December - a monthly record for this time series since its revision several months back - and shows that when it comes to levering up, few are using their credit cards, as increasingly more opt to rotate proceeds from their "student loans" into everyday purchases.

Jeremy Grantham And The Dead Donkey Economy: "All Global Assets Are Once Again Becoming Overpriced"

Submitted by Tyler Durden on 02/07/2013

Jeremy Grantham: "I like the analogy of the Fed beating a donkey (the 1% growing economy) for not being a horse (his 3% growing economy). I assume he keeps beating it until it either turns into a horse or drops dead from too much beating!"

Santelli On The Hypocrisy Of The Elites: "No One Will Ever Take Away The Punchbowl"

Submitted by Tyler Durden on 02/07/2013

The infamous Bob Rubin appeared on CNBC this morning - extolling the "nobody could have seen this crisis coming" meme - and Rick Santelli went after the hypocrisy of these so-called elites and what they did and didn't know. The glaring hypocrisy of claiming that S&P knew that everything they rated was a P.O.S. and yet no-one else could have seen the crisis coming. The crony capitalism of Geithner's proximity to Rubin's Citi during the dark days - especially considering the increasing evidence in book after book - prompts Santelli to suggest we "draw our own conclusions." From saving the GSEs to Maxine Waters ignorance and Barney Frank's slamming of any pessimists, Santelli covers a lot of ground fast but notes, with venom, that none of these 'elites' ever want to be the naysayer (due to the implications) and they will never "take away the punchbowl," and while he proclaims that if S&P goes down then everyone should suffer clawbacks, he reminds us all, "you can't fight City Hall."

Initial Claims Miss For Second Week In A Row As Nonfarm Productivity Tumbles Most Since 2008

Submitted by Tyler Durden on 02/07/2013

As is the case every Thursday, the BLS reported its weekly initial claims which unlike two weeks ago did not estimate the initial unemployment claims for America's most populous state when the number plunged, and has now missed expectations for two weeks in a row, printing at 366K, on expectations of a 360K number, while last week's 368K was as usual revised upward to 371K. As a result, the Mainspin Media already has its headline: Initial Claims decline by 5,000. Such is life under the US Department of Truth, even as unadjusted initial claims spiked by 16.7K to 386K in the week ended February 2. In other news, people on Extended Unemployment Comp plunged by 288K after soaring in the week prior, and making some wonder just what is going on with the EUC 2008 data series for it to get such massive weekly shifts each week.

Modern Market Alchemy Explained: Converting Junk Debt Into Supersafe Treasurys Out Of Thin Air

Submitted by Tyler Durden on 02/07/2013 From Fed's Stein: "The insurance company might approach a broker-dealer and engage in what is effectively a two-way repo transaction, whereby it gives the dealer its junk bonds as collateral, borrows the Treasury securities, and agrees to unwind the transaction at some point in the future. Now the insurance company can go ahead and pledge the borrowed Treasury securities as collateral for its derivatives trade." Thanks to the magic of FAS 140 banks can literally transform worthless garbage into supersafe Treasurys, then use that newly transformed collateral via further repo as cash to fund simple stock purchases, and at the end of the day nobody knows where the exposure came from, who the counterparty is, and what the ultimate liability is!

Frontrunning: February 7

Submitted by Tyler Durden on 02/07/2013

Bersani's lead over Berlusconi continues to erode, now just 3.6 Pts, or inside error margin, in Tecne Poll

Spain gears up for U.S. debt investor meetings (Reuters)

PBOC Set for Record Weekly Liquidity Injection (WSJ)

RBS Trader Helped UBS’s Hayes With Libor Bribes, Regulators Say (BBG)

ECB, Ireland reach bank debt deal (Reuters)

AMR-US Airways Near Merger Agreement (WSJ)

Monte Paschi says no more derivatives losses (Reuters) ... remember this

Harvard’s Gopinath Helps France Beat Euro Straitjacket (BBG) - by sliding into recession?

Obama Relents on Secret Drone Memo (WSJ)

Brennan to face questions on interrogations, drones and leaks (Reuters)

Wall Street Success With Germans Boomerangs (BBG)

Khamenei rebuffs U.S. offer of direct talks (Reuters)

Boeing Preps Redesign to Get 787 Flying  (WSJ)

Insiders now aggressively bearish Marketwatch

Guest Post: All Is Well

Submitted by Tyler Durden on 02/06/2013

“Facts do not cease to exist because they are ignored.” – Aldous Huxley

The entire system is corrupt to its core. Both political parties, regulatory agencies, Wall Street, the Federal Reserve, and mainstream media are participants in this enormous fraud. They grow more desperate and bold by the day. The lies, misinformation and propaganda being spewed on a daily basis become more outrageous and audacious. They are using the Big Lie method on a grand scale. They frantically need to lure the muppets into the stock market and the housing market to keep the game going a little longer. You can sense we are reaching a tipping point. The system they have created is mathematically unsustainable. Therefore, it will not be sustained.

8,583 Dead Americans http://www.wealthdaily.com
By Jeff Siegel America's Gun Violence Problem is NOT Guns
http://albertpeia.com/usgunviolenceproblemisnotguns.htm

Drudgereport: CHICAGOLAND: Police To No Longer Respond Immediately To Burglaries, Car Thefts...
{In the latest nigger news:} Flash Mobs Turning Into Epidemic On NYC Streets; NYPD Powerless...
3 People Stabbed On NYC Subway Platform...
Basketball Coach Shoots Attackers... (WXYZ) - Police sources tell 7 Action News that a women's basketball coach from Martin Luther King, Jr. Senior High School shot two men who attacked him as he was walking two basketball players to their cars in the school parking lot.CLICK HERE FOR THE LATEST UPDATES Police sources say the coach was walking the two girls to their cars when two men allegedly approached and one pulled out a gun and grabbed him by his chain necklace. The coach then pulled out his gun and shot both of them, according to sources.The man who shot the attackers was 70 years old, according to police. One of the attackers was found dead in the median on Lafayette Boulevard, and the other was taken to a local hospital, according to police sources. We've learned that both of the men had attended the high school, and one had been recently expelled. Read more: http://www.wxyz.com/dpp/news/man-shot-near-martin-luther-king-jr-high-school-in-detroit#ixzz2K4VUwpF9
CBO: Obamacare will cost 7 million workers healthcare coverage...
Gas prices hit all-time record high for early Feb...
8,830,026: Americans on Disability Hits New Record...
Sheriff Joe's credit-card info stolen, used at Chicago grocery store...

Is This The Beginning Of A Horrifying Stock Market Crash In Europe?

http://albertpeia.com/stockmarketcrashineurope.htm

By Printing Money Central Banks Have Already Begun the Next Stage of Warfare

http://albertpeia.com/moneyprintingwarfare.htm

{AP1-23-13: No! I didn’t watch the monkey bowl nigger show at half-time, and only parts of this year’s monkey bowl. Wow! San franny, on their fanny, should give former san fran mayor, venalla feinstein a call to send in the big guns before she bans them. Whoops…need to break the momentum of rival of niggertown favorite, san fran so power outage in niggertown new orleans…definitely hurricane katrina’s fault…riiiiight …better give nigger ray nagin a call to get things back up and runnin’…whoops, no can do – nigger ray’s just been indicted ( http://www.nola.com/crime/index.ssf/2013/01/a_breakdown_of_the_payments_to.html ) …Besides, this is a great way to level the playing field for the hometown nigger purse-snatchers…you know, lights out and all. Actually, I truly am rooting for the ravens, but not much…reason? To thwart this year’s egregious wall street fraudulent, manipulated ‘january effect’ superstition; viz., an AFL team nigger bowl win means according to mental case wall street superstition, bear market/bad stock market (actually, ‘sell now before may and go away’ is the apposite axiom regardless who wins). This is the last monkey bowl I’ll be watching even part of. If you’re rooting for san Francisco, be sure to where some flowers in your hair. This was the sh**iest monkey bowl I’ve ever seen even a part of! }

{ Talk about monkey bowls, after today’s rout the ‘pundits’, NBR, ‘money honeys’, etc., have been recently and even today talking up the recent moves into the market by ‘the little guy’ (historically known as the ‘dumb money’, but ‘this time it’s different … NOT!). This contraindicated, pomo’d bubble market has all the earmarks of a classic ‘sting’! (Suck ‘em in, suck ‘em dry!) }

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

2-06-13 Insiders now aggressively bearish Marketwatch

Guest Post: All Is Well

Submitted by Tyler Durden on 02/06/2013

“Facts do not cease to exist because they are ignored.” – Aldous Huxley

The entire system is corrupt to its core. Both political parties, regulatory agencies, Wall Street, the Federal Reserve, and mainstream media are participants in this enormous fraud. They grow more desperate and bold by the day. The lies, misinformation and propaganda being spewed on a daily basis become more outrageous and audacious. They are using the Big Lie method on a grand scale. They frantically need to lure the muppets into the stock market and the housing market to keep the game going a little longer. You can sense we are reaching a tipping point. The system they have created is mathematically unsustainable. Therefore, it will not be sustained.

Dave’s Daily: http://www.etfdigest.com ‘MARKETS TREADING WATER 2-6-13 We've seen some great bullish returns from equities over the past month. It may be time for markets to take a breather and consolidate. Nevertheless, the primary stimulus for growth remains Fed QE to the tune of $85 billion per month. This liquidity has done what it’s intended to do—push stock prices higher. This is in contradiction to the Fed’s announced intent (relieve unemployment & stimulate economic growth) but they “wink wink” know higher stock prices are the immediate result of these policies. It’s quite foolish to fight this tsunami of liquidity. You can sit out the dance if you choose and rage at the machine from the sidelines (and many are) but shorting probably will cause you some pain.That said, eventually like anything else, it will eventually end or even become tiresome and lose its impact.To discover trend exhaustion there are some useful technical indicators and “tells” that still “may” work. Tom DeMark has many useful ways of spotting trend exhaustion with his systems. These can be wrong like many such indicators and perhaps now is one of those times. For our subscribers we’ve been using the DeMark weekly sequential 9 counts to help us find useful “exhaustion” points. We raised some cash recently with weekly chart views on the Russell 2000 Index ($RUT) as shown below:

http://albertpeia.com/daveschart20613.jpg

Thus far, and still with half the position intact, we’re a little behind the current price. (Weekly chart doesn’t reflect 2/6/2013 data yet.)Another trend we’re watching closely is what’s happening with high yield bonds (HYG) for example. Junk bonds have been tracking the stock market well. So this can be a tell showing some divergence is developing between the two sectors as demonstrated by the daily chart view below. Note the previous lows occurred during the “fiscal cliff” stress which correlated well with stock price movements then. But now we see separation which is more than just a little interesting to me.

http://albertpeia.com/daveschart20613no2.jpg

All things considered we’re about 35% in cash in our lead trading portfolio. That leaves us lagging slightly performance as cash is a drag when stocks are in rally mode. If you’re a true believer in QEternity, meaning stocks will rally until the liquidity stops, then you should be in a Lazy portfolio of which we have six currently.As indicated, stocks rested on Wednesday since there was little news beyond more QE. (The phrase of the day was stocks “eked-out gains”.) It’s reported that 75% of S&P 500 stocks are beating earnings expectations. Pardon my cynicism, but this is the game played during every earnings season. It’s the tango danced between corporate CFOs and the analysts’ covering the stocks. They give poor hand wringing guidance, then analysts will lower expectations and “presto!” there are beats. Stocks then rally, CEOs get pats on the back and more potential bonus money.There was little in the way of leadership in markets Wednesday as no sector stood out.Remember with lower volume and HFTs ubiquitous there’s little the algos have to worry about especially since they generally close shop the end of each day. Looming in the future is the so-called congressional “sequester” which is just a couple of weeks away. There’s a political scramble to extend it and current pols are wondering why they even instituted it. Volume as I’ve been indicating is back to 2006 levels and showed that again Wednesday. Breadth per the WSJ was positive…’

Who Controls The Money? An Unelected, Unaccountable Central Bank Of The World Secretly Does

http://theeconomiccollapseblog.com

http://albertpeia.com/bankforinternationalsettlementscontrolsthemoney.htm

These Guys “Made” 2% of Their Country’s GDP Last Year February 6, 2013 http://gainspainscapital.com http://albertpeia.com/2percenters.htm { I include this here because I’m against the lie and failed system of communism (China’s gains have been ‘capitalist’) which invites corruption by way of powerful, entrenched bureaucracies of for the most part relatively untalented, unproductive people; much like the pervasively corrupt america today that I have observed closely and directly experienced http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm … then as well, there’s the wars, huge protected (ie., wall street, etc.) frauds, etcetera..}

The White House is "Judge, Jury and Executioner" of Both Drone and Cyber-Attacks Posted by : George Washington Post date: 02/05/2013 Bush and Obama Have Set Us Back 800 Years

Too Scared To Jail: Untouchable Banks http://www.wealthdaily.com FEB 06 - ADAM ENGLISH Department of (In)Justice We're all second class citizens when the Department of Justice refuses to enforce the law. It's "too big to jail" that comes out on top... Read More...

Why "This Time Won't Be Different" For Japan In Two Charts

Submitted by Tyler Durden on 02/06/2013

While Japan's recent attempt to massively reflate and break out of its "liquidity trap" - an artificial construct to explain what happens when an artificial model, created by a flawed and artificial economic theory explodes in a singularity of Econ PhD idiocy leaving billions of impoverished people in its wake, is nothing new, there are those who are rather skeptical this latest attempt to achieve what Japan has not been able to do in over 30 years will work. And while one can come up with complicated, expansive, verbose theories based on Keynesian DSGE models and other such gibberish, why this time will be different for Japan, there is a very quick and simple argument why it won't.

Spot The Government-Subsidized, Channel-Stuffed "Recovery"

Submitted by Tyler Durden on 02/06/2013

Compared to previous V-shaped recoveries, this one is not looking too rosy. From consumption to GDP, and from retail sales to consumer sentiment, the following charts show how we are doing in context. So, the next time someone on TV tells you how great we are doing, perhaps a glance at these charts will flush some of the recency bias away. There is one bright shining 'better than any other recovery' segment though... one that is dominated by record levels of stuffed channels - can you guess?

Tale Of Two Markets (Again)

Submitted by Tyler Durden on 02/06/2013

The US equity market continues to boldly go where no other market is willing to go (Dow outperforming EuroStoxx by 850bps this year). European stocks and bonds (+30-45bps) are down notably on the week (and year in some cases); Treasury yields are 4-6bps lower on the week; the USD is up 0.6% (as EUR bleeds a little lower into tomorrow's ECB); and Gold is up 0.6% (oddly with the USD) on the week; but US equities are unchanged with Staples and Industrials holding gains on the week. Today saw credit markets and treasuries pushing notably risk-off as stocks oscillated around unch on the week - pushing to the day's highs into the close on the back of yet another vol-selling ramp. Equity volume was average and trade size was lower than average as cash S&P and Dow managed small gains and Nasdaq a small loss as AAPL gave back its 'buyback rumor' gains. We've seen this EUR-USA disconnect before...

What The US Government Spent Its Money On Last Quarter

Submitted by Tyler Durden on 02/06/2013

The most vocal justification provided for the disappointing Q4 GDP print by the mainstream was an increase in US government "austerity" resulting in a decline in the government contribution to the economic bottom line in the last quarter (or first fiscal quarter of 2013). Ironically, both total spending and total debt issuance in the past quarter increased, which means that far from being austere, the US actually spent more, not less, i.e., the opposite of austerity. And while it is true that Defense spending declined by a tiny amount in the past quarter compared to the year ago, it was more than offset by a surge in Medicare and Medicaid, as well as Social Security, or, as they are better known, welfare. And, as the CBO yesterday showed, these two components of US spending, which together account for half of all US spending and which couldn't be funded by all US revenues even if the government spent $0.00 for all other programs, which will soar in the coming years as US society ages, as more workers retire, and as more are reliant on Uncle Sam for the payment of every bill. So the next time someone say that the US has a defense spending problem and nothing else, show them this chart.

Euphoria

Submitted by Tyler Durden on 02/06/2013

Presented with little comment aside from noting that the only time stocks have been this 'euphoric' was right before the collapse in 2000 and right before the collapse in 2008.

Primary Dealers See 2013 Deficit As High As $1.04 Trillion

Submitted by Tyler Durden on 02/06/2013

Yesterday we had our 15 minutes of fun with the CBO's latest budget forecast, which, while wrong as always, provided the mainstream media with its dose of propaganda optimism, by "forecasting" that the baseline 2013 budget deficit will be some $845 billion, well below the $1+ trillion deficit in 2012 (and quite a bit above the CBO's last year 2013 deficit forecast of $585 billion). It will be higher. And we know that not only because the CBO is a complete and utter failure when it comes to predicting the future (which as Rajoy would say would be "just as forecast, except for everything that does happen"), but because earlier today the Primary Dealers that make up the Treasury Borrowing Advisory Committee (a topic we have written extensively about in the past), released their own 2013 budget deficit forecast. The picture there is far less optimistic: the median estimate is some $929 billion, however it is the upside range that is where reality lies, and this number is, according to the likes of Goldman and JPM (who head the TBAC) as well as the 18 other Primary Dealers, as high as $1.037 trillion.

Guest Post: Sheeple: Another Look At A Sad Breed

Submitted by Tyler Durden on 02/06/2013

Some phrases are endowed with immediately recognizable symbolism.  When we hear them, we instantly know who and what the phrases are referring to, and can even gain a greater depth of understanding to a particular situation just by applying them. Throughout history there have always been people who were right, and usually a “majority” that were wrong, on any single issue.  Defenders of institutionalized ignorance argue constantly that truth is “relative”, and that they should not be criticized for having their own "opinions".  They use this relativism as a cover for their unwillingness to admit a lack of knowledge. What they fail to understand is that their “opinions” were never theirs to hold.  What they believe has merely been conditioned into them.  They are willing to embrace the system no matter how unjust, because their entire identity is predicated on its continued existence. We call them sheeple... Sheeple are puppets in the game of political reconstruction, and their job is to cheerlead the establishment and to drown out all honest voices.

The Great Lie Of The Great Rotation

Submitted by Tyler Durden on 02/06/2013

Both the recent increase in interest rates and renewed questions about the duration of QE3, sparked by the release of the December FOMC minutes, have raised concerns about a 'Great Rotation' out of credit and into stocks. Barclays notes that the story goes something like this: negative total returns in fixed income and increasing equity prices will drive investors to sell the fixed income assets they have accumulated over the past several years and buy stocks. This “Great Rotation” will force investment grade corporate spreads wider. However, in nearly 100 years of data, Barclays finds no evidence of a period when rates rose, spreads widened, and equity returns were positive. Risky assets are generally correlated. The few times that higher rates were accompanied by wider spreads happened in the 1970s and early 1980s, when inflation was accelerating. In each of these periods, equity prices fell sharply. As we have been warning, credit spread deterioration has tended to front-run equity weakness (with some false positives) but never with the divergence remaining consistent as a 'rotation' would suggest.

Hypocrisy Defined: DOJ's Infamous Lanny Breuer Accuses RBS Of "Stunning Abuse Of Trust"

Submitted by Tyler Durden on 02/06/2013

We had to reread this DOJ statement on today's RBS wristslap twice, as the hypocrisy was literally mind-blowing: “As we have done with Barclays and UBS, we are today holding RBS accountable for a stunning abuse of trust,” said Assistant Attorney General Breuer.  “The bank has admitted to manipulating one of the cornerstone benchmark interest rates in our global financial system, and its Japanese subsidiary has agreed to plead guilty to felony wire fraud.  The department’s ongoing investigation has now yielded two guilty pleas by significant financial institutions.  These are extraordinary results, and our investigation is far from finished.  Our message is clear:  no financial institution is above the law.” Too Scared To Jail: Untouchable Banks http://www.wealthdaily.com FEB 06 - ADAM ENGLISH Department of (In)Justice We're all second class citizens when the Department of Justice refuses to enforce the law. It's "too big to jail" that comes out on top... Read More...

Japanese Stocks: Highest Since 2008 Or Lowest Since 1984

Submitted by Tyler Durden on 02/06/2013

Conjuring Kyle Bass' recent explanation of the massive surge in the nominal price of the Zimbabwean stock market enabling the purchase of only 3 eggs, much is being made of the surge in Japan's Nikkei index (overnight up ~3.8% and the last few months). It would appear that, as we noted recently, the world forgets (quite readily) that 'real' and 'nominal' returns are quite different. With JPY collapsing at its fastest rate in a decade (relative to fiat and hard currency) to 33-month lows, is it any wonder that the nominal price of the stocks that represent the nation are surging to keep their 'value'. In nominal terms, NKY is at its highest since 2008; in real (gold) terms, it is laboring at its lowest since 1984 - which do you trust to judge your wealth?

China Lies Says Eaton CEO: Economy Grew Only 3-4% In 2012

Submitted by Tyler Durden on 02/06/2013

When it comes to estimates of China's growth rate, we could go with the local politburo propaganda which even China itself has admitted is goalseeked worthless drivel fit "only for reference", or we could listen to a megacap CEO, who actually is on the ground and whose business model depends on accurately predicting the underlying economic reality of the world's biggest nation. We chose the latter, in which case we now know that China's 2012 GDP growth was only 3-4%, half the reported 7.8%.

Frontrunning: February 6

Submitted by Tyler Durden on 02/06/2013

Tunisian opposition politician shot dead, protests erupt (Reuters)

China says extremely concerned after latest North Korea threats (Reuters)

Postal Service to cut Saturday mail to trim costs (AP)

Debt Rise Colors Budget Talks (WSJ)

Obama proposes short-term budget fix, Republicans swiftly object (Reuters)

S&P Analyst Joked of Bringing Down the House Before Crash (BBG)

Dell’s Bigger Challenge Ahead in Turnaround After Buyout (BBG)

Some of the Mark Carney Gloss Is Coming Off (WSJ)

Japan Official Says BOJ Tools Sufficient as Shake-Up Looms (BBG)

S&P Lawsuit Undermined by SEC Rules That Impede Competition (BBG)

Heavy Clashes Erupt in Syrian Capital (WSJ)

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

8,583 Dead Americans http://www.wealthdaily.com
By Jeff Siegel America's Gun Violence Problem is NOT Guns
http://albertpeia.com/usgunviolenceproblemisnotguns.htm

Drudgereport: CHICAGOLAND: Police To No Longer Respond Immediately To Burglaries, Car Thefts...
{In the latest nigger news:} Flash Mobs Turning Into Epidemic On NYC Streets; NYPD Powerless...
3 People Stabbed On NYC Subway Platform...
Basketball Coach Shoots Attackers... (WXYZ) - Police sources tell 7 Action News that a women's basketball coach from Martin Luther King, Jr. Senior High School shot two men who attacked him as he was walking two basketball players to their cars in the school parking lot.CLICK HERE FOR THE LATEST UPDATES Police sources say the coach was walking the two girls to their cars when two men allegedly approached and one pulled out a gun and grabbed him by his chain necklace. The coach then pulled out his gun and shot both of them, according to sources.The man who shot the attackers was 70 years old, according to police. One of the attackers was found dead in the median on Lafayette Boulevard, and the other was taken to a local hospital, according to police sources. We've learned that both of the men had attended the high school, and one had been recently expelled. Read more: http://www.wxyz.com/dpp/news/man-shot-near-martin-luther-king-jr-high-school-in-detroit#ixzz2K4VUwpF9
CBO: Obamacare will cost 7 million workers healthcare coverage...
Gas prices hit all-time record high for early Feb...
8,830,026: Americans on Disability Hits New Record...
Sheriff Joe's credit-card info stolen, used at Chicago grocery store...

2-05-13 Dave’s Daily: http://www.etfdigest.com ‘BULLS REMAIN DETERMINED 2-5-13 There wasn’t much news Tuesday to ignite a rally but bulls are still flying with the Fed the wind beneath their wings. Yesterday’s sell-off was left in the rear view mirror as every opportunity to buy a dip remains the order of the day. Sure there were more earnings which were well-received, like better than expected results from Archer Daniels Midland (ADM), while YUM Brands (YUM) results disappointed but were quickly shrugged off. Even a significant lawsuit by the government on McGraw Hill (MHP) for S&P’s ratings malfeasance during the financial crisis didn’t deter bulls or the financial (XLF) sector very much. The overall rally was still U.S. centric with Europe (IEV) and Emerging Markets (EEM) lagging.Dell (DELL) took the company private with financing by Michael Dell and some investment from Microsoft (MSFT). This may mean some new joint venture product development one would think. The market is driven by money printing liquidity and little else. Italian and Spanish problems were mere speed bumps and buying opportunities it seems. The dollar (UUP) was flat as was gold (GLD). Commodities (DBC) overall were modestly higher along with energy (USO). Bonds (TLT) reversed course and fell despite all the Fed buying. Volume was disappointingly low for a comeback day like Tuesday. Breadth per the WSJ was quite positive…’

The EU’s Systemic Corruption Makes Solving the Crisis Impossible

February 5, 2013 http://gainspainscapital.com

http://albertpeia.com/useusystemiccorruption.htm

Rise Of The Droids: Will Robots Eventually Steal All Of Our Jobs?

http://theeconomiccollapseblog.com

http://albertpeia.com/riseoftherobots.htm

Twinkies Union Issues Ultimatum: We Get Our Jobs Back Or The Company Gets It Again

Submitted by Tyler Durden on 02/05/2013

Following a brief infomercial for Gordian Group's apparent skills in bringing dough-makers and yeast-cooking perfection to the table - arguing that they are here to preserve jobs (for skilled workers who have been apparently working for below-market wages) - and maximizing value for the Bakery Union; Peter Kaufman stops the pretense of helping and goes straight for the threat. "We are here to work with credible bidders to get started right away with a great work-force; on the other hand, if bidders don't want to work with us (and re-hire Hostess employees), the union will ask the AFL-CIO to put any Hostess product on its 'boycott product' list." But "we're here to help," he reminds the somewhat stunned CNBC anchor. It seems beggars are once again choosers... as the entitled roll on.

Brace For A Stock Market Accident

Submitted by Tyler Durden on 02/05/2013

Profits and leverage are locked in a deadly embrace. There is a time-honoured tradition in statistics: whipping the data until they confess. Bullish and bearish equity analysts are equally guilty of this practice. It would seem that statistical conclusions are merely an ex-post justification of a long-held prior belief about equity markets being cheap or overpriced. Clearly, consensus, notably among sellside analysts, is bullish. GLG's CIO Jamil Baz presents the bullish view before discussing the bearish counterpoint - consensus disregards leverage. In the short term, it is clear that central banks need to entertain the illusion of viable stock market valuations by pulling rabbits from a hat. But as high-powered money reaches ever higher levels, the probability of accidents looms large.

16 Reasons Why David Rosenberg's Not Buying Employment Report

Submitted by Tyler Durden on 02/05/2013

"I went through the January data one last time with a fine tooth comb. I fail to see what got everyone so excited, beyond the upward revisions to the back data. That only proves that productivity has been weaker than initially thought. And the income from those upward job revisions has probably already been spent. But as I highlighted yesterday, the broad-term trends are slowing down and doing so discernibly."

Europe's WTF Chart

Submitted by Tyler Durden on 02/05/2013

Much has been made of Europe's impressive market performance last year (and ongoing this year) with its strength yet another confirmation-bias proving indication that every US stock dip should be bought. In recent days a few cracks in the armor of European invincibility have begun to show as political and banking system fraud comes back top haunt along with rising concerns and jawboning about the strength (or lack thereof) of the Euro. With a somewhat split view of Thursday's ECB meeting (will Draghi cut to hold EUR down for exports or hold to maintain the optics of a strong EURUSD meaning a strong Europe), it is perhaps notable that the outlook for 2013's GDP growth continues to sink. However, as the chart below so obviously highlights, expectations for earnings growth in Europe have massively disconnected from macro fundamentals (just as in the US) as nominal stock indices is all that matters anymore.

Guest Post: Investors Beware - Egypt’s Revolution Is Not Over

Submitted by Tyler Durden on 02/05/2013

The Egyptian government is facing potential collapse and a re-run of a revolution that has never really ended. The economy is facing total collapse, and Qatari aid efforts will only go so far. The first half of 2013 will produce only worse economic indicators and the market will feed off of this. The regulatory environment in the meantime remains uncertain at best, and much will depend on which group (or combination of groups) comes out on top after the dust settles and if April elections indeed proceed. If this turns out to be a successful power grab by radical Salafi forces, it will not proceed without a great deal of bloodshed, and it will destroy Egypt’s investment climate.

Subprime ABS Securitizations Are Back As Absolute Worst Of The Credit Bubble Returns

Submitted by Tyler Durden on 02/05/2013

Back in 2007, at the peak of the credit and housing bubble, Wall Street knew very well the securitization (and every other) party was ending, which is why the internal names used for most of the Collateralized Debt Obligations - securitized products designed to provide a last dash trace of yield in a market in which all the upside had already been taken out - sold to less sophisticated, primarily European, investors were as follows: "Subprime Meltdown," "Hitman," "Nuclear Holocaust," "Mike Tyson's Punchout," and, naturally, "Shitbag." Yet even in the last days of the bubble, Wall Street had a certain integrity - it sold securitized products collateralized by houses, which as S&P, and certainly Moody's, will attest were expected to never drop in price again. But one thing that was hardly ever sold even in the peak days of the 2007 credit bubble were securitizations based on personal-loans, the reason being even back then everyone's memory was still fresh with the recollection that it was precisely personal-loan securitization that was at the core of the previous, and in some ways worse, credit bubble - that of the late 1990s, which resulted with the bankruptcy of Conseco Finance. Well, in a few short days, those stalwarts of suicidal financial innovation Fortress and AIG, are about to unleash on the market (or at least those who invest other people's money in the absolutely worst possible trash to preserve their Wall Street careers while chasing a few basis points of yield) the second coming of the very worst of the last two credit bubbles.

Gold And Stocks Recouple As VIX And Credit Shrug

Submitted by Tyler Durden on 02/05/2013

S&P 500 (henceforth - under the Un-Patriot Act - to be known as the Moodys & Fitch 500 at least until such time as Moodys too downgrades the US) futures scrambled up to fill yesterday's day-session gap-down open and then pressed on to run stops to new highs. The Dow did not make new highs - but managed a third day in a row of greater-than-100 point swings and tested back above the magic 14,000 level. Credit markets were absolutely not buying it. VIX was not playing along either (though did compress). Treasury yields rose but nothing on par with stock's surge. The USD fall very modestly - not supportive of stocks. And sure enough, after running those highs, S&P 500 futures cracked back lower into the close with the Dow losing 14,000. A gain of around 0.8 to 1% on the day for stocks with reasonable volume as early haters like JCP and AAPL surged handily on the day by the close. The S&P 500 ended the day recoupling perfectly with Gold on the week...

Student Loan Bubble Forces Yale, Penn To Sue Their Own Students

Submitted by Tyler Durden on 02/05/2013

We have not been shy about exposing the massive (and unsustainable) bubble of credit being blown into the economy via Student Loans from the government. We have not been afraid to note the dramatic rise in delinquencies among these loans - and the implications for the government. However, as Bloomberg reports, it appears the impact of this exuberance has come back to bite the colleges themselves. In what can only be described as a vendor-financing model, the so-called Perkins loans (for students with extraordinary financial hardships) have seen defaults surging more than 20%. The vicious circle, though, has begun as the ponzi of using these revolving loan funds to 'fund' the next round of students is collapsing thanks to the rise in delinquencies. Schools such as Yale, Penn, and George Washington are becoming very aggressive at going after delinquent student borrowers. While financially hard-up graduates complain of no jobs, the schools are not impressed: "You could take a job at Subway or wherever to pay the bills ... It seems like basic responsibility to me," but perhaps that is the point - avoiding responsibility is seemingly rewarded in the new normal.

No Inflation? Commodities Highest Ever For This Time Of Year

Submitted by Tyler Durden on 02/05/2013

While every central banker and policy-leech spews forth the government-supplied statistics on inflation - noting that all is well, carry on - we recently pointed out that Gas Prices are their highest ever for this time of year. Of course, the standard supply constraints (or technical) reasoning was applied to dismiss this as transitory (even though it has continued to rise since); but what is perhaps more worrisome is the broad-based nature of the real inflation that is leaking into our global supply chain. The 24-commodity heavy S&P GSCI index (widely recognized as a leading measure of general price movements and inflation in the world economy) has never been as high in early February as it is currently - ever. And with global growth stagnating at best, it seems a tough call to blame 'recovery' for this inflating (fastest pace in 8 years) raw material price leaking cost-push inflation (and margin-compression) into the real economy.

Eric Holder Holds One Half Of US Rating Agencies Accountable For Financial Crisis

Submitted by Tyler Durden on 02/05/2013 { Retaliation and chilling objective analysis are corrupt holder’s corrupt goals! } We urge readers to do a word search for "Moody's" in the official department of justice release below. Here are the highlights:

DOJ COMPLAINT ALLEGES S&P LIED ABOUT ITS OBJECTIVITY - when it downgraded the US?
HOLDER SAYS S&P'S ACTIONS CAUSED `BILLIONS' IN LOSSES - did Moody's actions, profiled previously here, which happens to be a major holding of one Warren Buffett, cause billions in profits?
HOLDER SAYS `NO CONNECTION' BETWEEN S&P SUIT, U.S. DOWNGRADE - just brilliant

Pure pathetic political posturing, because it was the rating agencies, whose complicity and conflicts of interest everyone knew about, who were responsible for the financial crisis. Not Alan Greenspan, not Ben Bernanke, and certainly not Wall Street which made tens of billions in profits selling CDOs to idiots in Europe and Asia. Of course, the US consumer who had a gun held against their head when they were buying McMansions with no money down and no future cash flow is not even mentioned.

Service ISM Declines, Beats Modestly As New Orders Drop; Respondents Complain About Obamacare

Submitted by Tyler Durden on 02/05/2013

It is only logical that the catalyst that has pushed the entire market higher, that would be the "all critical" Spanish Service PMI which soared very credibly a few short hours ago, would be doubled down when its US cousin came out. Sure enough, moments ago the Institute for Supply Management revealed that the February non-manufacturing ISM declined from 55.7 to 55.2, but was just above the expected 55.0, which was enough to send the headline scanners into full blown liftathon mode and the S&P to intraday highs. Ignored was that the key New Orders series actually declined from 58.3 to 54.4, yet offset by a jump in Employment from 55.3 to 57.5. What was amusing was the jump in New Export Orders to 55.5 from a contractionary reading. We can't wait to learn just whom the US is exporting its mission critical services to these days. Finally, and perhaps most relevant, was one of the healtcare related respondents who said the truth, the whole truth and nothing but the truth on the issue of Obamacare: "Healthcare reform causing continued slowdown and less investment." That's only the beginning.

Frontrunning: February 5

Submitted by Tyler Durden on 02/05/2013

Obama to meet with Goldman's Blankfein, other CEOs Tuesday (Reuters)

Chinese Firms Shrug at Rising Debt (WSJ)

McGraw-Hill, S&P Sued by U.S. Over Mortgage-Bond Ratings (BBG)... but not Moody's or Fitch

Dime a Dozen: Dollar Stores Pinched by Rapid Expansion (WSJ)

Dell Board Said to Vote Monday Night on $24 Billion LBO (BBG)

BOJ Governor Shirakawa to step down on March 19 (Reuters)

Alberta may offer more to smooth way for Keystone (Reuters)

Facebook Is Said to Create Mobile Location-Tracking App (BBG)

Barclays takes another $1.6 billion hit for mis-selling (Reuters)

Apple App Advantage Eroded as Google Narrows IPhone Lead (BBG)

Texas School-Finance System Unconstitutional, Judge Rules (BBG)

World Risks ‘Perfect Storm’ on Capital Flows, Carstens Says (BBG)

2-04-13 Dave’s Daily: http://www.etfdigest.com ‘BEARING WITNESS TO CURRENT EVENTS 2-4-13 Before getting into the meat of conditions today it should be noted soon the format for Dave’s Daily will change from just a market summary to something more action focused.There would have to be some triggering events stampeding the herd. We got that spark from the eurozone Monday from both Spain and Italy. In Spain Prime Minister Rajoy was accused of taking a bribe and in Italy bank fraud is widely suspected as is a possible second coming of Berlusconi. This sank stocks there and in the U.S. I posted a weekly chart of each ETF, Spain (EWP) & Italy (EWI) with DeMark weekly sequential counts where a 9 would indicate an exit from our trading strategy. (The weekly charts below don’t reflect Monday’s steep declines yet.)

http://albertpeia.com/daveschart20413.gif

http://albertpeia.com/daveschart20413no2.gif

EWP lost 5.25% Monday and EWI lost 5.8%. This ripped through other eurozone sectors which then spilled over to the U.S. The eurozone is like tar balls in the Gulf that wash ashore now and again spoiling conditions. Why? Because problems there have just been temporarily papered over by ECB QE liquidity and other financial engineering techniques.In the U.S. economic data included a disappointing Factory Orders Report (1.8% vs 2.4% expected & prior revised lower to -.3% from 0.0%).Eventually you knew lawsuits from the financial crisis would be forthcoming. S&P acknowledged that parent McGraw Hill (MHP) would be facing a lawsuit from those who relied on their ratings of subprime mortgages and other instruments.Moodys (MCO) fell in sympathy which hurt the financial (XLF) sector. The biggest losing sectors on the day were those with the highest volatility (beta) tech and (QQQ) and small caps (IWM).It doesn’t take much to stampede an overbought market. Selling was widespread and volume naturally rose on selling as trailing stops were hit. The dollar (UUP) was higher on a flight to safety while risk assets were back in favor like gold (GLD) once again out of sync with the typical dollar relationship.For our part we raised cash up to 35% of our primary trading portfolio as markets appeared primed for some corrective action. Clearly you can’t see indexes move along at a 5% monthly clip like we were back in dotcom days. And sure, the Fed remains busy adding liquidity to markets meaning there should be some dip buying at some point.Volume did pick up some on selling and breadth per the WSJ negative…’

Is This The Beginning Of A Horrifying Stock Market Crash In Europe?

http://endoftheamericandream.com

http://albertpeia.com/stockmarketcrashineurope.htm

By Printing Money Central Banks Have Already Begun the Next Stage of Warfare

February 4, 2013 http://gainspainscapital.com

http://albertpeia.com/moneyprintingwarfare.htm

{AP1-23-13: No! I didn’t watch the monkey bowl nigger show at half-time, and only parts of this year’s monkey bowl. Wow! San franny, on their fanny, should give former san fran mayor, venalla feinstein a call to send in the big guns before she bans them. Whoops…need to break the momentum of rival of niggertown favorite, san fran so power outage in niggertown new orleans…definitely hurricane katrina’s fault…riiiiight …better give nigger ray nagin a call to get things back up and runnin’…whoops, no can do – nigger ray’s just been indicted ( http://www.nola.com/crime/index.ssf/2013/01/a_breakdown_of_the_payments_to.html ) …Besides, this is a great way to level the playing field for the hometown nigger purse-snatchers…you know, lights out and all. Actually, I truly am rooting for the ravens, but not much…reason? To thwart this year’s egregious wall street fraudulent, manipulated ‘january effect’ superstition; viz., an AFL team nigger bowl win means according to mental case wall street superstition, bear market/bad stock market (actually, ‘sell now before may and go away’ is the apposite axiom regardless who wins). This is the last monkey bowl I’ll be watching even part of. If you’re rooting for san Francisco, be sure to where some flowers in your hair. This was the sh**iest monkey bowl I’ve ever seen even a part of! }

{ Talk about monkey bowls, after today’s rout the ‘pundits’, NBR, ‘money honeys’, etc., have been recently and even today talking up the recent moves into the market by ‘the little guy’ (historically known as the ‘dumb money’, but ‘this time it’s different … NOT!). This contraindicated, pomo’d bubble market has all the earmarks of a classic ‘sting’! (Suck ‘em in, suck ‘em dry!) }

The Second Housing Bubble Ends With A Bang, Not A Whimper, David Stockman Warns

Submitted by Tyler Durden on 02/04/2013

Following our earlier discussion of the echo-boom in housing, David Stockman appeared on Yahoo's Daily Ticker with Lauren Lyster to pour come much-needed cold water 'reality' onto the hopes of an increasingly sheep-like investing public. Homebuilder stocks up 100%-plus simply reflects that "we are in a bubble once again." The former CBO Director added that "in a world of medicated money by the central bank, things aren't what they appear to be," as he explained there is "no real organic sustainable recovery."

CMBS Cash Flow Crunch Looms As 'Retail' Mall Vacancies Set To Surge

Submitted by Tyler Durden on 02/04/2013

In the same way as any and every risk-asset in the world, the price of yield-providing CMBS (commercial mortgage backed securities) have risen to post-crisis highs in the last few months. These are some of the epicentric deals from the crisis that now trade close to par once again. However, the last month or so has not seen CMBS prices push higher with stocks and it appears, as the FT notes, that the reason is becoming clear in the post-holiday-shopping period. CMBS cash-flow streams are set to drop considerably as up to 15 per cent of the country’s suburban retail centres forecast to close over the next five years in the face of online competition. Retail is regarded as an especially risky component of CMBS as a mall can go downhill if an important tenant shuts its store because other tenants are usually able to renegotiate their leases if a traffic-driving anchor tenant leaves. That can have severe consequences for CMBS exposed to the mortgage on the property.

Guest Post: It’s About Time - JP Morgan To Enter The Housing Slumlord Trade

Submitted by Tyler Durden on 02/04/2013

It was just a matter of time before the most powerful crony capitalist bank in America decided to join the housing trade.  Making money running the food stamp program just wasn’t enough for Your Crony Highness Jamie Dimon and company, it’s time to join his financial oligarch brothers in the bidding war to corner the housing market and become your overlord.  That way they can control how you eat (food stamps) and where you sleep.  It’s become very clear what the large financial interests in these United States are attempting.  Funnel all the low interest crony American money, with a dash of Chinese laundered money, into the “housing recovery.”

Treasury Forecasts $16.763 Trillion In Debt On March 31 Translating To 105% Debt/GDP

Submitted by Tyler Durden on 02/04/2013

Earlier today the US Treasury released its latest Borrowing Estimates for Q1 and Q2 of calendar 2013. In brief: in the ended quarter, the Treasury borrowed some $297 billion, $9 billion more than the $288 billion previously predicted. One reason for this miss is the build up of cash in the quarter which ended at $93 billion instead of the $60 billion initially expected. However the extra cash buffer will be used in Q1, in which Treasury now expects to burn some $63 billion instead of the $30 billion forecast before, ending the quarter with $30 billion in cash. To get there, Treasury will need to raise some $331 billion in debt in January through March, just shy of the prior estimate of $342 billion in funding need in this quarter. And since the US debt to the penny counter has been stopped since the debt ceiling breach, and is still at the December 31, 2012 debt limit of $16.432 billion, this means we now know, approximately, that US debt on March 31, 2013 will be $16,763,730,050,569.10, give or take a dime, or said otherwise, assuming a generous 1% sequential growth in Q1 GDP, a 105% debt/GDP in two months.

Guest Post: Too Big To Jail Is Here To Stay

Submitted by Tyler Durden on 02/04/2013

Lanny Breuer, the Assistant Attorney General who claimed that prosecuting banks for crimes poses a risk to the financial sector and so corrupt bankers are “too big to jail” has lost his job. But the man who put him there, and who is ultimately responsible for the policy — the Attorney General himself — is here to stay. Fundamentally, Obama’s continued support for Holder illustrates that Obama is still committed to the policy of holding financiers to a lesser standard of justice than other citizens. The big banks continue to ride roughshod over the American people with the complicity of the political class.

Madrid Protests Return: Live Stream

Submitted by Tyler Durden on 02/04/2013

First Italian bank failures, then Greek strikes, and now Spanish protests: Europe is back at square one where the only thing fixed are the local football matches.

Civil Charges To Be Filed Against S&P For Its Exuberant Pre-Crisis Mortgage Ratings

Submitted by Tyler Durden on 02/04/2013

Egan-Jones may have been barred from rating sovereigns for 18 months due to missing a comma here or there in its NRSRO application (when everyone knows this was merely retribution for downgrading the US ahead of all the other rating agencies), but now the time has come for that other rating agency which dared to follow in EJ's footsteps and downgrade the US of AmericaAA+ in August 2011 to be punished: Standard & Poors. Moments ago we learned that federal and state prosecutors will five civil charges against S&P for its mortgage bond ratings during the housing crisis.

Europe Plunges By Most In Six Months

Submitted by Tyler Durden on 02/04/2013

We warned last week that European markets were beginning to show signs of cracking. European stocks had surged on to new highs while credit markets had decidedly not joined the liquidity-fueled exuberance. Sure enough a few days later and Europe in general is weak, but Italy and Spain are under significant pressure. The last four days have seen the biggest plunge in over six months with the IBEX (Spain -5.7%) and Italy's MIB -6.7%. At the same time, Europe's seemingly invincible OMT-promise-protected sovereign bond market has started to underwhelm. Italian bond spreads are 32bps wider and Spain 28bps wider - the biggest increase in risk in two months. Europe's VIX has surged from 14.5% to almost 19% today in the last 4 days and even Greek government bonds are losing their luster, -6.5% in the last few days. Whether this is exacerbated by European leaders jawboning the strength of the EUR down, or simply we hit the limit on reality amid Italian bank fraud, Spanish political fraud, referenda votes, and macro- and micro- fundamentals snapping; this is the worst performance in Europe in six months. It would seem that if the tail-risks in Europe are starting to re-appear then at least one of the legs of global equity exuberance is starting to break.

The Subsidy Addiction: Jobs Vs Foodstamps

Submitted by Tyler Durden on 02/04/2013

In the aftermath of Friday's mediocre jobs report, and while we wait for the USDA to release the latest November foodstamp update which will almost certainly print at a new record high, here is yet another representation of a relationship we have shown on several occasions previously, yet which is always entertaining, and shows just what kind of "recovery" the US is undergoing. Presenting the indexed change of payrolls (green line) and foodstamps recipients (red). No explanation is necessary.

Frontrunning: February 4

Submitted by Tyler Durden on 02/04/2013

Euro Tremors Risk Market Respite on Spain-Italy, Banks (Bloomberg)

Obama Says U.S. Needs Revenue Along With Spending Cuts (Bloomberg) 

China Regulators Moved to Restrain Lending (WSJ)

Low Rates Force Companies to Pour Cash Into Pensions (WSJ)

JAL wants to discuss 787 grounding compensation with Boeing (Reuters)

Abe Shortens List for BOJ Chief as Japan Faces Monetary Overhaul (Bloomberg)

Monte Paschi probe to widen as Italian election nears (Reuters)

Hedge funds up bets against Italy's Monte Paschi (Reuters)

Spain's opposition Socialists tell Rajoy to resign (Reuters)

Electric cars head toward another dead end (Reuters)

BlackRock Sued by Funds Over Securities Lending Fees (Bloomberg)

Europe Unfixed Again

Submitted by Tyler Durden on 02/04/2013

Slowly things in Europe are starting to go bump in the night again, with the EURUSD down some 150 pips from Friday's multi-year 1.37 high, Spanish bond yields spiking 20 bps to over 5.41%, back over the declining 50 DMA, Italian BTPs getting slammed up some 10 bps to 4.42%, as both Spanish and Italian stocks are sharply down on the day, by 1.2% and 1.9% respectively, following yet another Monte Paschi halt lower earlier in trading. The reason goalseeked by the media for today's weakness is signs of upcoming "political turmoil", namely the escalating Monte Paschi incident out of Italy, which we have been following closely, as well as the Spanish graft scandal, in which the ruling PP party and Mariano Rajoy have been implicated in massive kickbacks, and which may cost Rajoy his leadership at this pace. Of course, none of the data above is new, and neither is France's Moscivi repeating for the second time in a week that the EUR has risen far too high, and to call it catalytic is very naive, but it merely goes to show how the manipulated market decides when and if to actually follow the newsflow. As a result, US futures are pointing to a mildly lower opening, which however may reverse quickly once today's $2.75-$3.5 billion POMO kicks in. Of course, if the Italian political turmoil drags Draghi further into the mud, all bets are suddenly off about Europe being "fixed."

RANsquawk EU Market Re-Cap - 4th February 2013

Submitted by RANSquawk Video on 02/04/2013

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

2-01-13 Dave’s Daily: http://www.etfdigest.com ‘STARTING THE MONTH WITH A BANG Most of the excitement Friday revolved around economic data. The Employment Report (157K jobs added vs 185K expected & prior revised to 196K from 168K) and the Unemployment Rate rose (7.9% vs 7.7% expected & prior 7.8%). Within the data bulls focused on the large higher revisions from December, November and March 2012. Those months revealed a large add to new jobs. However, November and December would normally be holiday oriented temp hires. Neglected by bulls was another 170K jobs were lost during the month. But let’s not spoil the party with real data.There was indisputably good data including: PMI Mfg Index (55.8 vs 55.5 expected & prior 54.00); ISM Mfg Index (53.1 vs 50.7 expected & prior 50.7); U of Mich. Consumer Sentiment (73.8 vs 71.5 expected & prior 71.3); and, Construction Spending (.9% vs .8% expected & prior -.3%). The only fly in the ointment was the disconnect between U of Mich. rising Consumer Sentiment and the Conference Board’s plunging Consumer Confidence from Monday. Which to believe? I tend to go with the Conference Board since the U of Mich. data is too heavily weighted by stock prices.It probably matters little about data frankly since there’s only one real actor in the market and that’s the Fed’s QE program dishing out $85 billion a month to bulls. You should note, including the ECB member countries, 38 countries are now engaged in QE.The choice for traders Friday was to buy the market. Are there any negatives as stocks soared Friday? There’s the debt ceiling (sort of cancelled) and then the “sequester” (well, bulls have “time” to play). Bad news this week like GDP, Jobless Claims, beating much weaker earnings, Conference Board’s Consumer Confidence, Apple (AAPL) and rising interest rates are just brushed off.If interest rates cause mortgage rates to rise that may slow housing or could cause a sudden rush to buy from off the sidelines.The dollar (UUP) was weaker while gold (GLD) was only modestly higher. Commodities (DBC) were higher on the weaker dollar and higher energy prices (USO) and (UGA) while base metals (DBB) also rose. Bonds (TLT) were weaker in price higher in yield.Stocks rallied sharply and broadly with most sectors participating relatively evenly. The headlines scream “Dow Closes Above 14,000 for the First Time Since October 2007”. Missing from that line is the bear market that followed.Volume, despite all the bullish hoopla, was still light as we revert to perhaps the old normal volume from 2006. Breadth per the WSJ was quite positive…’

Shocking Numbers That Show The Media Is Lying To You About Unemployment In America

http://theeconomiccollapseblog.com

http://albertpeia.com/medialyingaboutusunemployment.htm

Rise Of The Preppers: 50 Of The Best Prepper Websites And Blogs On The Internet

http://thetruthwins.com

http://albertpeia.com/riseofthepreppers.htm

Big Ag Subsidies http://www.wealthdaily.com FEB 01 - JEFF SIEGEL The Free Market is a Lie! Your tax dollars are funding beef exports to Japan, industrial farms, and concentrated animal feeding operations. Read More...

Tawana Brawley served with court order to pay man she accused of rape in 1987

http://albertpeia.com/rememberingtawanabwana.htm

Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe

Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! }

Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical). Own 'productive assets', finance them at low fixed rates (thank you Ben), and finally, on HLF, don't bet against Dan Loeb.

5% Correction Sell Signal Triggered... Just Like In January 2011

Submitted by Tyler Durden on 02/01/2013

We previously explained the obvious similarities (with stocks, bonds, and leveraged positions) with the current period in the market and the end of 2010 and start of 2011 period. Much is once again being made of the 'flows' as $18.8bn (the 3rd largest on record - since 1992) pushed into equities. Retail also bought long-only equities for the fourth straight week ($2.7bn), and $12.2bn was added via ETFs, but the significance of the flows has triggered a "sell" signal for the traders at BofAML. The last time such a sell-signal was triggered was, ironically, late January 2011 - which was followed by an 8% correction. Their Global Flow Trading Rule (based on flows breaking 0.5% of AUM) on average has led to a 5% correction in global stocks over the subsequent 4-5 weeks. Different, this time?

The State Of World 'Macro' At A Glance

Submitted by Tyler Durden on 02/01/2013

As you shuffle from cocktail party to cocktail party and reminisce on holding NFLX all month and being short AAPL, perhaps the following 'simple' table should be tucked in your pocket. Since everyone is now a genius stock-picking market guru, sometimes seeing the forest for the trees in macro land is useful... note, red is bad...

Bearish VIX Positioning Near Record, As Russell 2000 Non-Commercial Longs At All Time High

Submitted by Tyler Durden on 02/01/2013

There were two quite notable pieces of information in today's Committment of Traders weekly update: on one hand, the net non-commercial spec position in VIX futures just plunged by 16,222 contracts to 104,284. This was just shy of the all time low net VIX spec position hit in early December, and means bets that the VIX will continue plunging lower will likely set a new record next week.  It could also mean that courtesy of the reflexivity of the market, in which the underlying is driven by its synthetic derivative (for a detailed explanation of how that works just ask Bruno Iskil and how massively mispriced various IG credits were thanks to his whale trade in IG9), the VIX itself is being pushed around by the VIX futures itself. That the dramatic move lower in the VIX futures began with the appointment of Simon Potter as head of the NY Fed's trading desk is perhaps not surprising.

China's Broken Shock Absorber

Submitted by Tyler Durden on 02/01/2013

Analysts who’ve only started paying attention to the country in the last decade often seem convinced that China has no real business cycle, or a very mild one, that because its economy is centrally planned, it’s free from the fluctuations in investment that cause booms and recessions in countries that lack the scientific guidance of a Leninist single-party state. This convenient belief, however, is mostly an artifact of the period over which they’ve been observing its economy. The boom of the early 1990’s wasn’t followed by the usual bust. Instead, after a fairly mild slowdown, another boom period began towards the end of the decade, without the usual deep cyclical trough between expansions. However, this anomaly suggests that it is unlikely to be repeated. We’re probably living, now, with a China that’s back to the sort of violent swings in economic activity, and repeated struggles with inflation, that have been characteristic of most of its recent history. To understand why, it’s necessary to understand DeWeaver's explanation of the nature of the cycle itself.

Morgan Stanley On Europe: "We're Getting Worried"

Submitted by Tyler Durden on 02/01/2013

We have noted the similarities between the current risk rally and previous years but Morgan Stanley's Laurence Mutkin is "getting worried" that investors expect the second half of this year to be different (and consistently bullish). Much of the current risk-on rally around the world was sparked by Draghi's "whatever it takes" moment theoretically reducing the downside tail-risk in Europe. Well, systemic risk in Europe is now at recent lows and just as in 1H12 and 1H 11, core yields are rising notably, peripheral spreads compressing, money-market curves are steepening, and 2s5s10s cheapening. Of course, he notes, 2013 is different from previous years (OMT for example) but much rests on how ECB's Draghi responds to the recent (LTRO-repayment-driven) rise in EONIA forwards. Albert Einstein reportedly said that insanity is doing the same thing over and over again and expecting different results. Applying that to the European bond market - for the third time running, the year has opened well but it would be insane to expect a different outcome (than the typically bearish reversion) this time?

Japan’s Demographic Disaster

Submitted by Tyler Durden on 02/01/2013

Projections by the Japanese government indicate that if the current trend continues, the population of Japan will decline from its current 127.5 million to 116.6 million in 2030, and 97 million in 2050. This is truly astonishing and puts Japan at the forefront of uncharted demographic territory; but it is territory that many other industrial countries also are beginning to enter as well. Obviously, only time will tell.  But Japan is faced with an unprecedented population challenge that will have social, economic, and political consequences over the next century—consequences that will not only affect Japan, but also influence Japan’s trading partners as well as its political and military allies. There is, perhaps, no single variable in the complex web of East Asian politics more uncertain in terms of how it may influence future relations throughout the region than the fate of Japan’s population.

It's Deja Vu, All Over Again: This Time Is... Completely The Same

Submitted by Tyler Durden on 02/01/2013

It was the deep of winter... CNBC was talking about "animal spirits", had just touted "the best January in 14 years", was quoting Raymond James' Jeff Saut as saying that "The market "is amazingly resilient, and is no longer overbought" and desperately doing everything it could to get retail back into stocks, and was succeeding: retail inflows into stocks were surging and seemed unstoppable... The Chicago PMI had just printed at its highest level in decades... the VIX was dropping fast... Stocks were soaring... Bonds were sliding... NYSE margin debt had just risen to the highest level since 2008... A few brief months earlier the Fed had unleashed a new, massive round of unsterilized bond buying...  Bank of America was blaring about the "great rotation" for stocks, and yes - just shortly prior "global currency warfare" had broken out. 

Name the year?

Dow Closes Over 14,000 - Highest Close Since October 2007

Submitted by Tyler Durden on 02/01/2013

While the close was not exactly bullish (just look at HY credit, volatility, and homebuilders), the only thing that matters is - Dow 14,000. The highest close since 10/12/2007. Since that time, 10Y Treasury yields have dropped from 4.68% to today's 2.03% - the first close above 2.00% since early April 2012. Risk-assets spent the day catching up to equity's early lead and recoupled into the close. Some modest after-hours weakness to the shine off an otherwise exuberant day as Treasuries snapped lower in yield on NFP and spent the rest of the day surging higher in yield to end the week +6 to 8bps. Silver gained 2% on the week - beating stocks, as the USD dropped 0.7% (almost equal to Gold's gain). With stocks unch from Oct 07, perhaps it is worth reflecting on Gas prices being up 58% since then... but that would spoil the party... and by the way from 10/12/2007...Bonds +28.5%

Weekly Bull/Bear Recap: Jan. 28-Feb. 1, 2013

Submitted by Tyler Durden on 02/01/2013

This objective report concisely summarizes important macro events over the past week.  It is not geared to push an agenda.  Impartiality is necessary to avoid costly psychological traps, which all investors are prone to, such as confirmation, conservatism, and endowment biases. 

RANsquawk Weekly Wrap - 1st February 2013

Submitted by RANSquawk Video on 02/01/2013 - 15:53

Santelli & Bianco Crush Conventional Wisdom

Submitted by Tyler Durden on 02/01/2013

With Dow at 14,000 and rates rising, those that need to take commissions and get their ratings up are seeing the 'conventional wisdom' seemingly proved right. However, Rick Santelli does not see it quite as clearly. Bianco Research's James Bianco joins Santelli for what they call 'mythbusting' as the two skeptics rightfully expose the unreality of the 'fiscal cliff' fears, the untruth that is the 'Great Rotation' due to tax concerns ahead of the fiscal cliff, and dismal performance of the Fed's failed forecast ranges. As extreme monetary policy continues (crisis-mode) - seemingly in absolute opposition to what the talking heads will say about jobs and the economy - Santelli and Bianco conclude that "right now the market is not bothered by [the Fed setting rates], but at some point it might be, Trust Capitalism" as they reiterate the need for Market Forces to be allowed to act. 3 minutes well spent.

These 10 Companies Have Contributed Over 90% Of The S&P 500 Earnings Beat Upside

Submitted by Tyler Durden on 02/01/2013

While Q4 earnings are sagging notably (as we pointed out here - 8% lower than pre-earnings-season expectations), the incessant ratcheting down of the expectations as the season progresses enables an ever-more-desperate sell-side to opine on the eventual 'beat' that evolves from a lower and lower bar. As Morgan Stanley's Adam Parker notes, however, the results have been massively top-heavy as the largest 10 earnings beats have contributed over 90% of the S&P 500 uspide in aggregate earnings. MSFT and JPM alone account for 50% of that beat. But with guidance plunging, Parker sees 2013 consensus estimates of $112 massively out of line with reality.

Friday Tragicomedy: Former Fed Advisor Urges Fed To Buy More, "A Lot More" ... $30 Trillion More

Submitted by Tyler Durden on 02/01/2013

While we can only hope the following screed posted in an otherwise serious BusinessWeek, by David Kemper, CEO of Commerce Bankshare, and more importantly, a former president of the Federal Advisory Council of the Federal Reserve and thus indicative of the kind of "advice" the Fed receives, is a joke we have a very nagging feeling that the text below is actually serious. Which is why instead of Friday humor, we have decided to err on the side of caution and call this segment Friday tragicomedy. Because with a statement such as the following: "Why not expand the Fed balance sheet exponentially, from its current $3 trillion to $33 trillion... Would $30 trillion in extra buying power be inflationary when our entire current GDP is only about $15 trillion? Maybe, maybe not—but we need a game-changer here. First let’s celebrate the Fed’s record profits and its contribution to reducing our deficit. Then let’s seize the moment to do something truly grand: eliminate that stubborn deficit. We have the tools, and I, for one, say let’s give it a try."... it shows that the idiotic trillion dollar coin, Sheila Bair's farcical suggestion to let every American borrow $10 million from the Fed at zero rates, or even our suggestion from a year ago that the government build a Death Star, may appear as sheer genius in comparison to what else the Fed may be considering, and implement, before all this is said and done.

Advice From The Department Of Homeland Security: "If Attacked By A Shooter, Grab Some Scissors"

Submitted by Tyler Durden on 02/01/2013

We first heard about this from a New York Post article on the topic.  Then we watched the video for ourselves.  It’ll make you want to defund the Department of Homeland Security (DHS) immediately.  While the whole “grab scissors” to defend oneself during a mass shooting is pretty amusing, the more disturbing part is that 90% of the video just consists of people on their knees in cubicles cowering in fear or running panicked with their hands in the air.  All the while police in black uniforms and “assault weapons” race in to save the day!  The video is a great representation of how the DHS views the citizenry.  Feeble, helpless, pathetic little children.  You’ve gotta watch it for yourself!

Q4 Earnings Season Will Be The Worst Of 2012: Earnings Set To Decline 1% Over Prior Year

Submitted by Tyler Durden on 02/01/2013

One can stretch and spin the Q4 earnings reality to suit their particular sales pitch, or one can look at the facts. And the facts, as we first showed a week ago in "Q4 Earnings Season: Far Worse Than Most Suspect", is that before the start of Q4 earnings, the S&P 500 was expected to make $25.51 in earnings. Three weeks later, after half the companies had reported, the number declined to $24.03, with some $9.70 of actual reported earnings and the balance estimated. Now, a week later, the latest revision shows even more deterioration in earnings, which with 66% of companies my market cap reporting are now just $23.48, 8% lower than the estimate at the start of earnings season, with under $10 of earnings left in estimated EPS and the balance already in the books. As Goldman explains what this means for earnings on a year over year basis: "Our interim revised 4Q 2012 EPS estimate is now $23.48 implying negative 1% growth versus 4Q 2011 ($23.73)."

ISM Beats Expectations On Surge In Inventories

Submitted by Tyler Durden on 02/01/2013

While the baffle with BS theme was strong earlier, when the UMich consumer confidence soared, rejecting the plunge in the consumer confidence tracked by the Conference Board, contrary to our expectations, the manufacturing ISM did not do a "China", which last night was reported to have grown and ungrown at the same time, did not drop to disprove yesterday's Chicago PMI and instead soared to 53.1 from 50.2, well above the expectations of a 50.7 print, and above the highest Wall Street estimate. This was the biggest beat of expectations in 16 months, and was driven by virtually every series rising except for Exports and Deliveries, but mostly by a surge in Inventories, which soared from 43 to 51.

How Today's "Strong" Jobs Report Led To 115,000 Job Losses

Submitted by Tyler Durden on 02/01/2013

While it is enticing to fall for the same old trick of reading the "quantitative", or headline, jobs data, driven entirely by the Establishment Survey, which as the BLS itself showed today, is nothing but mere noise based on seasonal adjustments and population estimates which is revised at least once a year based on new and improved exit assumptions, below we show the actual unvarnished truth contained in today's jobs reports. Recall that in our pre-NFP post we pointed out something critical: "an even more disturbing trend is the conversion of America into a gerontocratic worker society, where the bulk of jobs are handed out to those 55 and over, which puts all young workers, not to mention college graduates, at a major disadvantage relative to far more experienced older workers." And sure enough, a quick update of the jobs by age-group change in January based on Household Survey data, the same data that showed that the unemployment rate actually rose from 7.8% to 7.9% (to give Bernanke more runway for QEternity as we predicted in December) shows that in the past month, 115,000 jobs were.... lost?

157,000 Jobs Added In January, Unemployment Rate At 7.9%

Submitted by Tyler Durden on 02/01/2013

The goldilocks economy continues as January nonfarm payrolls number comes in right as expected, or 157,000, a tiny miss to expectations of 165,000, down from the upwardly revised 196,000 (was 155,000 previously), leading to an unemployment rate of 7.9%, higher than the 7.8% expected. The seasonal adjustment for January was in line with expectations, or 2.120 million, as the actual decline in jobs December to January was a whopping 2.84 million. The NSA Birth/Death adjustment subtracted some 314K jobs in January.

Frontrunning: February 1

Submitted by Tyler Durden on 02/01/2013

'London Whale' Sounded an Alarm on Risky Bets (WSJ)

Deadly Blast Strikes U.S. Embassy in Turkey (WSJ)

Abe Shortens List for BOJ Chief as Japan Faces Monetary Overhaul (BBG)

Endowment Returns Fail to Keep Pace with College Spending (BBG) - More student loans

Mexico rescue workers search for survivors after Pemex blast kills 25 (Reuters)

Lingering Bad Debts Stifle Europe Recovery (WSJ)

Peregrine Founder Hit With 50 Years (WSJ) - there is hope Corzine will get pardoned yet

Deutsche Bank to Limit Immediate Bonuses to 300,000 Euros

France's Hollande to visit Mali Saturday (Reuters)

France, Africa face tough Sahara phase of Mali war (Reuters)

Barclays CEO refuses bonus (Barclays)

Edward Koch, Brash New York Mayor During 1980s Boom, Dies at 88 (BBG)

Samsung Doubles Tablet PC Market Share Amid Apple’s Lead (BBG)

Shocking Numbers That Show The Media Is Lying To You About Unemployment In America

Michael Snyder | Did you know that the percentage of the U.S. labor force that is employed has continually been falling since 2006.

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

1-31-13 Dave’s Daily: http://www.etfdigest.com ‘LIMPING TO JANUARY FINISH LINE 1-31-13 Wow! Two days of consecutive declines is a record for declines in January. There was enough uncertainty in data to give bears an excuse to take some profits before the big Employment Report Friday as February begins. Economic data was plentiful to end the month. Challenger Job cuts were higher (40K vs 32K prior); Jobless Claims spiked (368K vs 350K expected & prior 330K); Personal Income soared (2.6% vs .7% expected & prior .6% on bonuses and one time dividends to beat higher taxes); Personal Spending missed and was lower (.2% vs .3% expected & prior .4%); Employment Cost Index was as expected (.5% vs .5% expected & prior . 4%); the important Chicago PMI exploded higher (56.1 vs 50.1 expected & prior 51.6); and, lastly Bloomberg Consumer Comfort Index fell (-37.5 vs prior -36.4).So good and bad news all things considered. The labor news was negative with the Employment Report on tap for Friday where 160K jobs are expected. At the same time, the “bad news is good” theme continues meaning the Fed will continue to print money to theoretically boost employment. But that’s not going to happen and is not the intent—spiking stock prices is Fed job one. Earnings news featured Facebook (FB) which fell sharply initially and then recovered as mobile ad sales grew although headline earnings disappointed. Viacom (VIA) rep orted an earnings beat and the shares rose by roughly 2%. Qualcomm (QCOM) reported good earnings and the stock rose over 4% affecting tech (XLK) overall and networking (IGN). UPS shares slid over 2% as earnings and guidance disappointed affecting transports (IYT).  To date reported earnings have risen nearly 3.7% with nearly 70% of reports beating analysts’ expectations. As we mentioned yesterday this is the game CFOs and analysts play—guide estimates lower, then beat lifting shares. How investors swallow this monkey business is beyond belief.Overseas the big news is Spanish Prime Minister Rajoy is being implicated in corruption charges which drove Spanish stocks (EWP) lower. Are you shocked there’s corruption in the eurozone? Its okay, no need to answer and we’re off to the next scandal. By the way, has anyone seen MF’s Corzine lately? Where are the perp walks for some of our prominent financial CEOs like, oh, I don’t know, Fannie Mae’s Raines or Countrywide’s Mozilo and etc? How quickly we forget in this 24/7 news cycle. The tsunami of Fed liquidity erases memories quickly. In more important news, it appears Dan “the man” Marino fathered a child with a CBS production assistant. Does this news take Te’o off the front page then.The dollar (UUP) was weak once again but this didn’t move gold (GLD) higher as it fell. Other commodities (DBC) were boosted by oil (USO) and gas (UGA) for example. Bonds (TLT) rebounded off support. Leading stocks lower to close out the month were defense oriented sectors Boeing (BA) and United Technologies (UTX) and ETF (PPA). Consumer Discretionary sectors (XLY) were also lower.Volume overall lightened further despite all the important news. Breadth per the WSJ was mixed…’

15 Signs That You Better Get Prepared For The Obama Recession Of 2013

http://theeconomiccollapseblog.com

http://albertpeia.com/obamarecession2013.htm

Guest Post: The Linchpin Lie: How Global Collapse Will Be Sold To The Masses

Submitted by Tyler Durden on 01/31/2013

The globalists have stretched the whole of the world thin.  They have removed almost every pillar of support from the edifice around us, and like a giant game of Jenga, are waiting for the final piece to be removed, causing the teetering structure to crumble.  Once this calamity occurs, they will call it a random act of fate, or a mathematical inevitability of an overly complex system.  They will say that they are not to blame.  That we were in the midst of “recovery”.  That they could not have seen it coming. Their solution will be predictable.  They will state that in order to avoid such future destruction, the global framework must be “simplified”, and what better way to simplify the world than to end national sovereignty, dissolve all borders, and centralize nation states under a single economic and political ideal?

The Tearing Of Europe's Social Fabric

Submitted by Tyler Durden on 01/31/2013

We have long-discussed the growing concerns of a rising level of social unrest in Europe. Our go-to chart has been youth unemployment - and it still reigns supreme as the scariest chart for European leaders (no matter what they publically claim). JPMorgan's Michael Cembalest shares our concern as he opines on the potential for a tear in the social fabric in Europe. While there may be increasing cracks in the social fabric, so far, concrete political manifestations have been limited. Could it be that the social fabric in Europe is stronger than many perceive it to be, and that 'Europeanization' has advanced a lot since 1992? Perhaps; but Michael is equally tempted to believe that Europeans simply recognize the financial and economic dangers of immediate dissolution, and remember the words of Benjamin Franklin: “We must all hang together, or most assuredly we shall all hang separately!”

The Fed's Ten Year-Equivalent Holdings Hit A Record 29% Of The Entire Treasury Market

Submitted by Tyler Durden on 01/31/2013

With the Fed purchasing $45 billion in Treasury securities across the curve each month, keeping a consistent picture of Ben Bernanke's consolidated, risk-adjusted holdings can be somewhat problematic: the best way to do this is to represent the Fed's $3 trillion balance sheet, of which $1.7 trillion is in Treasurys, in the form of ten year equivalents. A ten-year equivalent is the amount of 10-year notes that must be held by the Fed in order to remove the same amount of interest rate risk from the market as its current holdings. This allows for a uniform representation that eliminates the duration variance along the curve. Looked in this light it may come as a surprise to some that as of this moment, the Fed now owns some 29% of the entire amount of marketable ten-year equivalents outstanding in the entire US bond market.

Santelli To Forecasting 'Fail' Fed: "Let Market Forces Reign"

Submitted by Tyler Durden on 01/31/2013

While cogitating on yesterday's weak GDP print, CNBC's Rick Santelli confirmed his view that forecasting is complex (at best) and impossible (most likely). The 2010 view of the Fed was that 2012 growth would be 3.5-4% - quite a destructive miss as it turned out; and while Santelli is not attacking the Fed for its ridiculously bad forecasts, he makes a critical point. Forecasting such a massively complex and dynamic system as the global economy is foolhardy but attempting to control a few of the pieces (and not all of the pieces - which is akin to herding cats) is insane. His suggestion, "maybe [the Fed] should look at what has worked in the past; that is market forces." Indeed, two minutes of sanity...

S&P Clings To Best January Since 1989; Credit Ends Wider

Submitted by Tyler Durden on 01/31/2013

From the close on Dec 28th (pre-fiscal-cliff), the Dow is up over 7% (for its best January since 1994), the long bond is down 3.3% in price, gold is up marginally and the USD is down marginally. From around November 2012, the current in stocks is eerily reminiscent of the same run from November 2011's dip and co-ordinated easing. It would appear that if 2011/2 was the world normalizing to ZIRP, 2012/3 is the world's central banks fighting currency wars with their ever-expanding balance sheets (and while Europe won last year in stocks, the ECB's fading balance sheet is leading its stocks to underperform a renewed Fed expansion). Credit markets are notably not buying this risk-on move (and nor is VIX) in January but JPY-cross-based carry is leading the way, so the world better hope that no one doubts the BoJ's ability top unilaterally 'win' the currency wars. Energy and Healthcare are the month's winners as JPY loses 6.4% on the month and EUR gains 2.7% against the USD. ES clung to VWAP into the close. with a second down day in a row

Treasury Curve Compression Implies January Jubilance In Stocks Overdone

Submitted by Tyler Durden on 01/31/2013

Despite the modest weakness in the long-bond, that so many herald as the next coming of the Great Rotation meme, it would appear that the longer-end of the Treasury bond term-structure actually flattened quite notably since the start of the year. Whether this bear-flattening reflects less extreme long-term concern of hyperinflation (small odds but high impact at long-end), mid-curve-based hedging (January was a massive IG issuance month and MBS convexity concerns are growing), or lower long-term growth/inflation expectations is unclear. But given the Fed's foot on the throat of the short-to-medium-term Treasury term-structure, the longer-end remains a marginally 'free' market and based on the chart below implies equities are well ahead of themselves as we draw a line under January 2013.

Syria Threatens "Surprise" Response To Israel Air Raid; Iran And Russia Pile In

Submitted by Tyler Durden on 01/31/2013

In the aftermath of yesterday's surprising attack by Israel on Syrian soil, an act which any prior justification notwithstanding is a clear act of war sovereign aggression, it was only a matter of time before Syria responded, at least diplomatically at first. And as we also noted yesterday that "Iran has previously warned that any attack on Syria is the same as an attack on Iran" it was safe to assume that Iran would have a thing or two to say in response as well. Earlier today they did just that, with Syria warning that a "surprise" response to the Israel attack is forthcoming, while the "Iranian deputy foreign minister Hossein Amir Abdullahian said the attack "demonstrates the shared goals of terrorists and the Zionist regime... It is necessary for the sides which take tough stances on Syria to now take serious steps and decisive stances against this aggression by Tel Aviv and uphold criteria for security in the region." Finally yesterday we wondered "how Russia and/or China which have made clear that Syria is a strategic geopolitical center for both in the past will react", and today we know: "Russia, which has blocked Western efforts to put pressure on Syria at the United Nations, said that any Israeli air strike would amount to unacceptable military interference." So far nothing from China, which has in the past let Russia be its proxy on Syrian matters.

Short-Term Palliatives And The 5 Terrible Tendencies Of Government

Submitted by Tyler Durden on 01/31/2013

"Absent an immediate crisis - and sometimes in the face of one - governments will often struggle to meet great challenges. The short-term palliatives we are currently pursuing go against everything a long-term oriented society should aspire to achieve. Growing entitlements are popular with voters and with those whom they elect, for obvious reasons: because the bill never seems to come due. But come due it will. Our spending is completely out of control, and, as of now, it seems as if the situation will have to become calamitous before we act. Let’s hope that it won’t then be too late."

-Seth Klarman, Baupost

Art Cashin's 65-Year-Old Reason We Are Heading Into Recession

Submitted by Tyler Durden on 01/31/2013

Stocks have slipped, precious metals have round-tripped, and the FOMC did nothing to save us but nevertheless the world's analysts and economists came to the rescue of yesterday's negative GDP growth print yammering over a never-ending series of reasons why ignoring the bad parts, it was great. UBS' Art Cashin, as always, cuts through all the spin as he notes, while most of headlines concentrated on the 4th Quarter GDP, it did give us a look at the annual GDP for 2012 at about 1.5% (not the 4% growth that was the Fed's projection, he snarks); and it is that 1.5% growth rate that has a 65-year history of concerning implications...

Guest Post: Why We Cannot Print/Borrow/Spend Our Way to Prosperity

Submitted by Tyler Durden on 01/31/2013

The Keynesian belief that the government can print/ borrow and spend enough money to trigger self-sustaining prosperity is a nonsensical, magical-thinking Cargo Cult. The following charts show why it will continue to fail, with eventually catastrophic results: the returns on this unprecedented borrow-spend policy are diminishing to near-zero or negative. As long as the interest rate on debt is low, the path of least resistance is to keep borrowing to support politically untouchable fiefdoms, cartels and constituencies. Eventually, the cost of servicing the debt overwhelms the diminishing returns on the debt-based spending.

Jobless Claims Jump Most Since Sandy, Now Flat For 13 Months

Submitted by Tyler Durden on 01/31/2013

While the popular meme is that jobless claims have been indicating an albeit modestly growing economy, it would appear that facts simply do not reflect that reality. Jobless claims surged this week, missing expectations by the most since Sandy as seasonal affectations are in the rear-view mirror. For 13 months, we have meandered around a flat-line initial claims number in the 365k range - and we remain there. What is most troubling about this total catastrophe that occurred in Emergency Unemployment Compensation. After last week's record-breaking plunge of over 350k, this week saw a surge of over 418k added to the EUC rolls - the biggest 2-week jump in two months. The noise in this data remains impressive and yet it is the correlated macro data that appears to be at the heart of so many people's belief in the equity market's strength...

Frontrunning: January 31

Submitted by Tyler Durden on 01/31/2013

Risky Student Debt Is Starting to Sour (WSJ)

Political scandal in Spain as PP secret accounts revealed (El Pais)

New York Times claims Chinese hackers hijacked its systems (NYT)

Spain's Rajoy, ruling party deny secret payment scheme (Reuters)

Iran crude oil exports rise to highest since EU sanctions (Reuters)

BlackBerry 10’s Debut Fizzles as U.S. Buyers Left Waiting (BBG)

Costs drag Deutsche Bank to €2.2bn loss  (FT)

And the gaming of RWA continues - Deutsche Bank Beats Capital Goal as Jain Shrugs Off Loss (BBG)

More fun out of London - Barclays, RBS May Pay Billions Over Improper Derivatives Sales (BBG)

Hagel to face grilling by Senate panel on Mideast, budget (Reuters)

Europe "Fixed" Facade Crumbling As German Retail Sales Implode

Submitted by Tyler Durden on 01/31/2013

Remember all those soaring German confidence indices that said ignore the negative GDP print and focus on a future so bright, ze Germans've got to wear Zeiss? Appears the confidence may have been a tad massaged upwards because following a spate of weak corporate results out of Europe's growth dynamo, the German HDE retail association said Christmas sales for November and December were down some 0.7% from the prior year. Specifically German retail sales plunged -1.7% from November on expectations of a modest -0.1% decline, while on a year over year basis December imploded a whopping -4.7% vs expectations of -1.5%. Did the Germans blame the weather of lack of government spending, or maybe say to only focus on the positive aspects of the report (if any)? No. They were not girlie men about it.  In now traditional news, Greek retail sales in November followed suit and plunged just a tad more than in Germany imploding by some -16.8% in November. Remember: once they hit 0 they can only go up. But the biggest news certainly was Germany, whose economy continues to deteriorate and is probably what spurred Buba president Jens Weidmann to say that ongoing bailouts could threaten the strongest members.

RANsquawk EU Market Re-Cap - 31st January 2013

Submitted by RANSquawk Video on 01/31/

Israeli Attack: Desperate Bid to Save Failed Syrian Campaign Tony Cartalucci | Israel has conducted airstrikes in Syria based on “suspicions” of chemical weapon transfers. { Yes, indeed! This was a somewhat typical (and costly for the u.s. and the rest of the world) act of desperation by the war crimes nation israel to keep the flames of war stoked in whatever ways possible. The israelis thrive on chaos at other people’s expense/cost and shed blood; and yet, they remain u.n. resolution/international law violators, with 200+ illegal nukes to boot, with barely a peep from the world community as they assume immoral authority to accuse other nations of their own lawless ways. This world can no longer afford war crimes nation israel. } Netanyahu Deploys 'Syrian' Iron-Dome As Israeli Minister Claims US Preparing 'Surgical' Strikes Against Iran { Israel warns of possible pre-emptive strike in Syria... Key facility hit? Kissinger: Iran nuclear crisis close... [ Kissinger Predicts Nuclear War with Iran { This would be a zionist wet dream come true! And, a disaster for literally everyone else, particularly for pervasively corrupt, defact bankrupt america whose prior orwellian pro-israeli moves have not turned out well for anyone including america except for israel, the war profiteers and the military industrial complex as warned against by the underrated but great president General Eisenhower! } Kurt Nimmo | Characterizes looming conflict as “a turning point in human history.” { Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby doesn’t even have to pay kissinger for such folly! How ‘bout the turning point being the misguided balfour declaration and the subsequent existing 200+ illegal israeli nukes! } Video: Globalist Kingpin Predicts Nuclear War with Iran Prison Planet.com | Globalist kingpin, renowned war criminal and Rockefeller co-conspirator Henry Kissinger is talking up a nuclear conflagration. { Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby doesn’t even have to pay kissinger for such folly! How ‘bout the turning point being the misguided balfour declaration and the subsequent existing 200+ illegal israeli nukes! } ] Submitted by Tyler Durden on 01/27/2013 Israeli PM Benjamin Netanyahu says his nation must prepare for the threat of a chemical attack from Syria, amid concern at enemy efforts to test a post-election coalition Israel, and has deployed its new Iron Dome anti-missile system near the border with its northern neighbor. Along with this concern, as many have perhaps suspected, the Israeli Defense Minister confirmed yesterday that the US has prepared plans for a 'surgical' military operation to delay Iran's nuclear program. As The Jerusalem Post reports, Ehud Barak, added that in the past the US has been heavy-handed but that under Barack Obama, the United States has "prepared quite sophisticated, fine, extremely fine, scalpels," if the worse comes to the worst - even though the Israeli preference would be to end the nuclear threat diplomatically, calling for tougher sanctions (though he expressed doubt that diplomacy would lead to success). Just another geopolitical hotspot that the world's markets choose to ignore in deference to the one true leader - central bankers.

$600 Billion In Trades In Four Years: How Apple Puts Even The Most Aggressive Hedge Funds To Shame

Submitted by Tyler Durden on 01/27/2013

Everyone knows that for the better part of the past year Apple was the world's biggest company by market cap. Most also know that AAPL aggressively uses all legal tax loopholes to pay as little State and Federal tax as possible, despite being one of the world's most profitable companies. Many know, courtesy of our exclusive from September, that Apple also is the holding company for Braeburn Capital: a firm which with a few exceptions, also happens to be among the world's largest hedge funds, whose function is to manage Apple's massive cash hoard with virtually zero reporting requirements, and whose obligation is to make sure that AAPL's cash gets laundered legally and efficiently in a way that complies with prerogative #1: avoid paying taxes. What few if any know, is that as part of its cash management obligations, Braeburn, and AAPL by extension, has conducted a mindboggling $600 billion worth of gross notional trades in just the past four years, consisting of buying and selling assorted unknown securities, or some $250 billion in 2012 alone: a grand total which represents some $1 billion per working day on average, and which puts the net turnover of some 99% of all hedge funds to shame! Finally, what nobody knows, except for the recipients of course, is just how much in trade commissions AAPL has paid on these hundreds of billions in trades to the brokering banks, many (or maybe all) of which may have found this commission revenue facilitating AAPL having a "Buy" recommendation: a rating shared by 52, or 83% of the raters, despite the company's wiping out of one year in capital gains in a few short months.

Guest Post: Why Employment Is Dead in the Water

Submitted by Tyler Durden on 01/27/2013

Employment is dead in the water because opportunities for organic expansion are few and the cost basis of doing business in the U.S. keep rising. That vise forces businesses large and small to reduce labor costs while boosting productivity. There is no other way to stay solvent in a post-bubble, over-capacity, over-indebted consumerist economy awash in too much of everything but energy, common sense and fiscal prudence.

{ We’ve never, in the entire history of economics, finance, markets seen the disconnect from economic/financial reality and fundamentals as pronounced and as great as now. The reality of modern-day computer programs/algos/frauds at lightning computerized speed and sheer desperation on fraudulent wall street whose ever larger protected frauds are literally cheered by failed american leadership at every level. Right now, though contraindicated, the superstitious January effect is in play and manipulated to meet faux bullish expectations. Then too, without doubt, what will be their excuse to not ‘sell in May and go away’ which really should be the mantra at present, now, beyond the hot air, smoke and mirrors, fraud and b***s*** we’re once again seeing in large measure, encouraged and received with ebulliently poised irrational exuberance on wall street and in washington. Remember the ralleys in sympathy with Apple exuberance, all of which we now know to have had a foundation of little more than ‘apple sauce’. Total b***s***! What’s the next b***s*** story/sizzling fraud? The ‘money’ being cashed out by these frauds has to come from someplace (the real economy) and has already found a way into understated/underreported inflation rates (for a multiple of staples including food prices), lower margins through higher costs thereby manipulated somewhat by currency manipulations, all of which will be ‘coming due’ in a very big way to the downside, reality-based blowout around the corner. }

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

1-30-13 Dave’s Daily: http://www.etfdigest.com ‘FED DAY BRINGS PROFIT-TAKING 1-30-13 Economic data Wednesday revealed the nations GDP contracted -.1% vs 1% expected & prior 3.1%. Most of the decline was attributed to inventories and a large decline in defense spending. There was plenty of spin surrounding this data. Some blamed this is what austerity might look like with less spending (Keynesians) while others just accepted the data for what it was—not good. Markets initially shrugged to the news knowing bad data means more Fed QE which is always bullish. ADP Employment Data rose slightly (192K vs 172K expected & prior revised sharply lower to 185K from 215K). Some, including me, don’t think much of this report generally since it’s too volatile and in the end, unreliable.Tuesday’s Consumer Confidence severe drop (58.6 vs 65.1 expected & prior 66.7) was a shocker reflecting higher payroll taxes and perhaps slightly influenced by debt ceiling negotiations. Since I wasn’t posting Tuesday it seems the only conclusion was more of the “bad news is good” meme which dominates trading with ZIRP & QE keeping training wheels on bullish investors.The Fed announcement contained little new information except a mention that weather was one cause for the GDP decline. (When in doubt, whip that one out.) Fed policies were left unchanged so QE will remain in place providing that proverbial tailwind pundits love to cite.We now turn to more earnings, Jobless Claims and Friday’s big employment report. Both of these employment reports will be misleading given the number of people falling off the employment rolls.The dollar (UUP) fell sharply on the GDP data while gold (GLD) bounced as it should given dollar weakness. Stocks fell modestly and selling picked-up downside speed in the last hour of trading. Leading sectors lower were small caps (IWM) and housing (ITB). Bonds (TLT) prices fell and yields rose. Commodities (DBC) rose with gains in energy (USO) and metals (JJC).Volume was once again modest and returning to levels last seen in 2006 and early 2007. Breadth per the WSJ was negative overall…’

The Fed is Beginning to Splinter… What Comes Next?

January 30, 2013 http://gainspainscapital.com

http://albertpeia.com/fedsplinters.htm

The Yen's Loss is Gold's Gain http://www.wealthdaily.com JAN 30 - ADAM ENGLISH Currency Wars Flare Up The yen, U.S. dollar, and euro have returned to their three-way race to the bottom. But Japan's desperate move may signal an upward run out of gold's malaise... Read More...

Elliott's Paul Singer On How Money Is Created... And How It Dies

Submitted by Tyler Durden on 01/30/2013

"History is replete with examples of societies whose downfalls were related to or caused by the destruction of money. The end of this phase of global financial history will likely erupt suddenly. It will take almost everyone by surprise, and then it may grind a great deal of capital and societal cohesion into dust and pain. We wish more global leaders understood the value of sound economic policy, the necessity of sound money, and the difference between governmental actions that enable growth and economic stability and those that risk abject ruin. Unfortunately, it appears that few leaders do."

- Paul Singer, Elliott Management

Things That Make You Go Hmm - Such As Currency Wars

Submitted by Tyler Durden on 01/30/2013

Nobody ever really wins at Thumb Wars, which makes the whole thing rather pointless; and, as it turns out, the same can be said about the subject of Grant Williams discussions in this week's 'Things That Make You Go Hmmm...' - Currency Wars - which seem to be erupting across the globe. There are many parts of the current financial equation that puzzle us; but beneath it all, at the wellspring of all the disconnects and false price signals that are making investing in today’s supposedly free markets an impossible task, lies the source of my greatest consternation: central banks. I have one simple question for those august institutions, and it is this: Do they really think it is possible for them all to devalue their currencies against each other simultaneously and achieve anything but rampant and universal inflation at some future point in time? There are 38 countries with negative or near-zero real rates,and/or have either had explicit QE programs in place or were actively intervening in or verbally manipulating their currencies. Now, does it seem remotely possible that all these countries can have weak currencies at the same time? Of course it isn't possible. Not without rampant inflation, it isn't.

Peter Schiff & Doug Casey On Gold, Investor Cluelessness, And The "Escape From America" Plan

Submitted by Tyler Durden on 01/30/2013

In just under 30 minutes, contrarian libertarians Peter Schiff and Doug Casey muse on many facets of the crumbling edifice of the status quo that is our current world. The conversation is wide-ranging and absolutely must-see as they remind market-watchers that "the whole thing is artificial." You can't just keep printing money and monetizing debt without the dollar imploding even with monetary policy descending (along with its trillion dollar coin) into 'Three Stooges'-like comedy. The conversation ranges from gold heading to $5,000 and beyond (and why) to Schiff's father's imprisonment but ends with a discussion of what the future brings: "the biggest change that is coming to the global economy is a realignment of global living standards," and that will not play well for the USA. It's hump-day, grab a beer and watch...

Dow Transports And Oil Revert To Old Normal?

Submitted by Tyler Durden on 01/30/2013

Since the peak in 2008, the Dow Transports and the price of crude oil has been extremely highly correlated. Whether this is due to the inextricable factor of central bank liquidity flushing 'money' into each and every market around the world - or an increase in the link between demand for energy and increasing transportation needs - it seems something has recently changed. Oil prices have been stymied in the last year as global growth slowed and in spite of a plethora of hot-spots for geo-political risk flares has been unable to see premia rise. On the other hand, the Dow Transports have screamed higher. Different this time? It would appear so... or is this a return to the anti-correlated (somewhat more sensible) energy-cost-to-transports world that existed before the crisis?

Ken "Ain't Different" Rogoff Crushes The Infinite Dream Of Crude Keynesian Stimulus

Submitted by Tyler Durden on 01/30/2013

Following today's dismal GDP print, the massive ongoing borrowing being undertaken by our government, and the Bernankian policies which appear inescapable (and entirely ineffective for anything but the market), we thought Ken Rogoff's recent op-ed from the FT was extremely appropriate. Many foreign observers look at the US budget shenanigans with confusion and dismay, wondering how a country that seems to have it all can manage its fiscal affairs so chaotically. The root problem is not just a hugely elevated level of public debt, or a patently unsustainable trajectory for old age entitlements. It is an electorate deeply divided over the direction of government, with differences compounded by changing demographics and sustained sluggish growth. It is hard to escape the notion that today’s budget battles are but a skirmish in a much longer-term war that won’t be settled soon. The idea that one should just ignore all these problems and apply crude Keynesian stimulus is a dangerous one. It matters a great deal how the government taxes and spends, not just how much. The US debt level is a constraint.

Guest Post: The New Regime For Precious Metals

Submitted by Tyler Durden on 01/30/2013

Today we look at long term charts of some key commodities and investigate means by which we might gain insight into the dynamics of their price movements. The charts are most commonly studied as a plot of price vs time. However, the dynamical evolution of a complex system is described by a succession of states through which the system has evolved. Even though gold and silver have been in a bull market for over ten years, the real regime change only happened about three years ago. What was evident was the separation of the precious metals (which still includes silver) from the industrial metals and agricultural commodities. What happened?

A Quarter Of Jobs In America Pay Below The Federal Poverty Line

Submitted by Tyler Durden on 01/30/2013

Over two years ago (and reiterated last year) Zero Hedge first wrote on what was and is an undisputed transition within the US labor force: a shift from full-time to temp, or part-time labor, with virtually no contractual or welfare benefits, and where workers are lucky to get minimum wage. This is because in the "New Normal" where copious amounts of structural slack are pervasive due precisely to the Fed's constant flawed micromanagement of the economy, the US has now become an "employers' market." Furthermore, we were the first to make the critical distinction that it is absolutely not all about the quantity of jobs, but much more importantly, the quality of the new jobs being created. However, just like 99% of the general public, and all of the mainstream media, has an inborn genetic disorder preventing it from grasping the distinction between nominal and real, so these two critical aspects of the US jobs market languished unperturbed. Until now, two years later, when we are happy to see that the mainstream media has finally caught up with what our readers knew in December 2010.

Stocks Catch-Down To Credit As Silver Surges

Submitted by Tyler Durden on 01/30/2013

We noted yesterday the growing disconnect between stocks and credit - today saw stocks start to play catch-down. High-yield credit (specifically HYG - the bond ETF) has fallen four days in a row - its biggest four day plunge in over 2 months (with today's drop the biggest single-day drop in almost 4 months) amid mega volume. VIX (another notable disconnect) continued to push higher (above 14% for the first time in 3 weeks). Treasuries had been leaking higher in yield on the week (30Y +8bps as FOMC hit) but slid lower as the post-FOMC day wore on. The USD weakness (led by significant strength in CHF and EUR) supported precious metals (and commodities broadly) but not stocks. Silver are up almost 3% on the week (and Gold outperforming USD's implied shift). Homebuilders faded from the open with all the QE-sensitive sectors (Materials, Energy, and Discretionary) all red on the week now. It would appear that bonds recoupling (higher in yield) with stocks was the end of the catalyst for this run higher for now as divergences are appearing everywhere. S&P futures end the day red on the week, on large average trade size and volume.

Santelli Blasts Bernanke: "Whatever You're Doing, It Isn't Working"

Submitted by Tyler Durden on 01/30/2013

While some would look at the surge in government spending in Q3 last year (ahead of the election) and subsequent plunge in Q4 as conspiratorial, CNBC's Rick Santelli takes a step slightly further back as he draws the analogy between the mystical monetary experimentation of Ben Bernanke and his horde of central bank cronies and the "bloodletting of leeching" of medieval medicine providers. The point being that if you were sick in the middle ages, leeches were applied; and if you returned weeks later (still sick), more leeches and blood-letting took place - with no lesson learned. The fact that we borrowed $300bn in Q4 and managed a dismally dire drop in GDP growth offers little hope as the world glares agog at the Dow Jones Industrial Average index while Bernanke, six years on from the start of the recession continues to apply the same medicine that has done nothing to resurrect our economy. In Rick's words, "Whatever you're doing; It isn't working!" and in fact the monetary support could potentially hurt the economy in the medium-term as debt piles up exponentially. An epic rant...

Israeli Jets Bomb Syrian Military Site

Submitted by Tyler Durden on 01/30/2013

In what was the first clear instance of aggression by Israel toward Syria, overnight Israeli jets conducted a bombing run over a military site in Syria, targeting what according to Israel was a military convoy heading to Lebanon. As Al Arabiya reports: "Israeli jets bombed a convoy on Syria's border with Lebanon on Wednesday, sources told Reuters, apparently targeting weapons destined for Hezbollah in what some called a warning to Damascus not to arm Israel's Lebanese enemy. "The target was a truck loaded with weapons, heading from Syria to Lebanon," said one Western diplomat, adding that the consignment may well have included anti-aircraft missiles. The overnight attack, which several sources placed on the Syrian side of the border, followed warnings from Israel that it was ready to act to prevent the revolt against President Bashar al-Assad leading to Syria's chemical weapons and modern rockets reaching either his Hezbollah allies or his Islamist enemies."

Ben Speaks - Market Yawns (For Now)

Submitted by Tyler Durden on 01/30/2013

Out of the gate, Treasury yields dropped 4bps, Gold rallied $5, Oil popped, and Stocks leaked lower. But 30 minutes after the main-event, it seems that initial excitement has worn off. Gold has reverted (down) and Treasury yields (up) though we note that though it is marginal at best, S&P 500 futures are testing the day-session lows still (down 2-3 points). It would appear that infinity is still a big number and suggesting that they will add moar to infinity has done little to change what is priced in. The most notable change (we can see) is in JPY weakness and Oil strength so far... though stocks are leaking once again

Fed Statement Word Cloud

Submitted by Tyler Durden on 01/30/2013

One is real, the other, like the market, is completely fabricated.

Fed Hints At Moar As Economy 'Paused Due To Weather'

Submitted by Tyler Durden on 01/30/2013 - 14:19

In a slight surprise, the FOMC appears to have seen the recent weakness in macro data as supportive of its ongoing pumpathon even suggesting more is possible:

*FED SAYS GLOBAL MARKET STRAINS EASED

*FED SAYS ECONOMY PAUSED DUE TO WEATHER, TRANSITORY ISSUES

*FED SAYS ECONOMIC ACTIVITY `PAUSED IN RECENT MONTHS'

*GEORGE DISSENTS FROM FOMC DECISION

Pre-FOMC: ES 1502.5, 10Y 2.025%, Crude $97.75, Gold $1678, EUR 1.3570

Guest Post: America's Four Socioeconomic Classes

Submitted by Tyler Durden on 01/30/2013

A titanic political battle is brewing between the parasitic aristocracy, the dependent class and the two classes creating value with their labor. In the conventional view, America's socioeconomic classes are divided by income and wealth into various layers of Wealthy, Middle Class and Poor.  Extending recent analysis, we get an entirely different framework that breaks naturally into four classes: 1. Parasitic financial Aristocracy (creates no value, skims national surplus); 2. High value creation (employed, heavily taxed); 3. Low value creation (employed/informal economy, lightly taxed); and 4. No value creation (unemployed, dependent). In this context, America is filling the gap between the value we create and what we spend by borrowing $1 trillion+ a year on the Federal level and hundreds of billions more on the local-government and private-sector levels. All this debt isn't being "invested" in new value-creation; it is funding consumption and cartel skimming on a monumental scale.

Italy Crashes Most In Six Months Despite EURUSD Strength

Submitted by Tyler Durden on 01/30/2013

Wherever you looked today in Italy, shares were halted. From Saipem to Seat and From Banco Popolare to BMPS, individual stocks fell between 5% and 45% in some cases. Spain also fell alongside its incorrigible risk-on peripheral neighbor as dividend suspensions, outlook cuts, rating downgrades, and a growing concern about the banking system's legitimacy wear on sentiment. Italian sovereign risk was largely unchanged but as the US opened it started to bleed wider - but in general bonds ignored the stress in stocks. FX markets also were un-phased as EUR continued to test higher. CHF did, however, strengthen notably (against the USD, EUR, and mostly against the JPY - up 28% in the last six months!). The CHF strength did nothing for demand for Swiss rates though as they pushed higher to 10-month highs. The big problem though lies in credit. Just as in the US, credit markets in Europe are massively divergent from stocks' exuberance - and today's surge in Europe's VIX also echoes the disconnect we are seeing evolve in the US. Things are shifting...

How The Glorious Socialist Revolution Generated A 681% Return For Goldman Sachs

Submitted by Tyler Durden on 01/30/2013

Back in 2011, BlackRock's Larry Fink revealed one of the great unspoken truths of capital markets, namely that "markets like totalitarian governments." They also like authoritarian socialism, sprinkled in with a healthy dose of nationalization, because as Bloomberg reports, one of the biggest beneficiaries of over ten years of the "glorious socialist revolution" in Venezuela, coupled with over 1000 nationalizations by the bed-ridden and roughly 15 times deceased Hugo Chavez (if one believes all the rumors), is none other than Goldman Sachs, which generated some 681% in returns due to "aligning its interests" with those of the unshakable Venezuelan ruler.

China Unleashes Building-Gobbling Sinkhole To Spur GDP Growth

Submitted by Tyler Durden on 01/30/2013

While everyone knows that devastation and cataclysm are wildly bullish in a broken-window-fally-based Keynesian world where everything is incrementally positive and bad is good. It would appear that China has taken that 'fallacy' one step too far as a giant sinkhole is 'gobbling' up buildings across Guangzhou. We assume this sinkhole was unleashed to help maintain GDP amid the now factual decline in labor force that we discussed yesterday.

US Contraction Sends Europe Lower, US Higher

Submitted by Tyler Durden on 01/30/2013

While US equity futures knee-jerked lower on the dismal reality of this morning's GDP print, that dip was rapidly bought pushing equities up near their highs as the day-session opened. However, it appears US gains are Europe's losses as Spanish (and even more so Italian) stocks are plunging today. From Monti Paschi shenanigans to Fiat's dividend (and comments on ongoing EU uncertainty) and from Saipem's slashing their outlook to Seat's rating downgrade - the chart below suggests this is more than just 'fundamental' as Italy's MIB syncs up perfectly with Spain's IBEX and they both start to fall. Spanish and Italian bond markets are unreactive as EUR strengthens... but we haven't seen European stocks and US stocks decouple to this extent this year so far... is the flow becoming fragmented?

Why Economists Get Things Wrong

Submitted by Tyler Durden on 01/30/2013

Following today's 3-sigma miss in GDP by the greatest and goodest economists of the world, we thought David McWilliams brief 'Punk Economics' clip on "why economists get things wrong" was particularly appropriate. With Mark Zandi's "this didn't really happen" comment this morning on GDP, McWilliams starts by warning of the most dangerous of economic soothsayers - the overconfident and over-optimistic forecaster. Perhaps, he notes, the Queen was on to something when she asked (about the crisis), "why didn't you see this coming? ...and why should I listen to you now?" The key fact driving economists' inability to predict the future is a lack of understanding of the present thanks to the "complete and utter nonsense" that economists see the world as rational - which, he shows, we certainly are not. There is no economics for emotions, exuberances, impulses, or frenzies (as is all too clear currently). We simply don't learn from our mistakes and always believe this time will be different. Indeed...

Chart Of The Quarter: $312 Billion In Debt "Adds" Negative $5 Billion In GDP

Submitted by Tyler Durden on 01/30/2013

What was it about the law of diminishing Fed stimulus returns again? But don't worry: "the market is up." Because if $165 billion in Q4 stimulus could not even generate a positive GDP return, at least it sent the Russell 2000 soaring.

The Removal Of 'Event Risk'

Submitted by Tyler Durden on 01/30/2013

The removal of “event risk” is the bottom line which defines the markets currently and which is why there is such a large disparity between economic fundamentals and the markets’ collective reaction. Short and sweet; risk has subsided or at least that is the common perception. This does not mean that the collective thinking is correct or even that it will be the “collective thinking” for long. The lack of a “fear factor” will push “relative valuations” in new directions which will impact the Dollar/Euro ratio causing even greater financial issues for Europe and higher Treasury yields will impact not just bonds with credit risk but equities as a matter of comparison. Yields in Europe, which went down because of the Draghi promise coupled with our great slosh of capital and the “delay, defer and postpone” mindset of the Europeans may begin to rise again because of other factors which primarily would be their “relative valuations” against their American counterparts. The lack of “event risk” has two sides and two sets of consequences.

Shrinkage: US Economy Declined By -0.1% In Q4

Submitted by Tyler Durden on 01/30/2013

A stunner out of the BEA which just reported a Q4 GDP of -0.1% that was leaps and bounds below the 1.1% estimate, and a plunge from Q3's 3.1%. The factors: Private Inventories, Exports and Government Expenditures all of which contracted, by -1.27%, -0.81%, and -1.33%. The silver lining was in Personal Consumption Expenditures which added 1.52% to the negative print, most of it however driven by a surge in spending ahead of the fiscal cliff. Ironically, this was the biggest government-driven detraction from growth since Q1 2011, when GDP led to a -1.49% cut in the GDP, same in Q4 when government spending on defense fell the most since 1972. The solution is simple: print moar drones. Enter Mali. And since everything is now AMZN-ing, we can't wait for the spin that the GDP's margins were actually better than expected, leading to a 200 point surge in the DJIA.

Noisy ADP, aka "BLS For Dummies", Beats, Last Month Revised Much Lower

Submitted by Tyler Durden on 01/30/2013

ADP may have changed its methodology, wiping out a few hundred thousand 2012 jobs in the process, but its predictive track record remains the same: lousy. In December, the private payroll counter "reported" some 215,000 private job gains, well above expectations and about 50,000 more than the BLS reported two days later. Today, ADP was expected to print far lower, or at 165,000, and once again we got a major beat, this time January data apparently soaring to 192K, yet at the same time the utterly meaningless December data was revised far lower, from 215K to 185K just to be inline with the BLS. Expect this number, too, to be revised lower as it usually tends to be, following a weaker than implied BLS payroll number. Of note: seven consecutive drops in manufacturing jobs: so much for that Obama promise to double manufacturing jobs in 5 years or whatever it was. Judging by the market's non response to today's latest ADP number, we are not the only ones who see Mark Zandi's pet seasonal-adjustment project as nothing more than a monthly joke.

Swiss Banks Now Offer Allocated Gold, Silver Accounts

Submitted by Tyler Durden on 01/30/2013

Swiss banks, UBS and Credit Suisse, have moved to offer allocated gold and silver accounts to their clients – including high net worth, hedge funds, other banks and institutions.  The move allows these entities to take direct ownership of their bullion in allocated accounts. According to the Financial Times, the banks say that they are making the move in order to reduce exposure and risks on balance sheets and in an effort to be more transparent.  “Under more common "unallocated" gold accounts, depositors' bullion appears on the banks' balance sheets, forcing them to increase their capital reserves. Like their global peers, UBS and Credit Suisse are under pressure from regulators to reduce capital-intensive activities ahead of the introduction of new Basel III global banking rules.” It is more likely that the banks made the move to allocated storage due to an increased preference from their investors who are weary of continuing systemic risk.

Frontrunning: January 30

Submitted by Tyler Durden on 01/30/2013

Boeing misses Q4 top line ($22.3 bn, Exp. $22.33 bn) beats EPS ($1.28, Exp. $1.18), guides lower: 2013 revenue $82-85 bn, Exp. 87.9 bn

Hilsenrath discovers DV01: Fed Risks Losses From Bonds  (WSJ)

Airlines had 787 battery issues before groundings (Reuters)

Monte Paschi ignored warnings over risk, documents show (Reuters) as did Mario Draghi

China averts local government defaults (FT)

Economy Probably Slowed as U.S. Spending Gain Drained Stockpiles (Bloomberg)

Bono Is No Match for Retail Slump Hitting Dublin’s Fifth Avenue (BBG)

Catalonia requests €9bn from rescue fund (FT)

US plans more skilled migrant visas (FT)

Japan PM shrugs off global criticism over latest stimulus steps (Reuters)

CIA nominee had detailed knowledge of "enhanced interrogation techniques" (Reuters)

Cleanliness Meets Godliness as Russia Reeled Into Cyprus (BBG)

Deutsche Bank Seen Missing Goldman-Led Gains on Cost Rise (BBG)

Nearly Half Of American Households Are 1 Emergency Away From Financial Disaster, Report Finds

huffingtonpost.com | Many of the Americans living on the financial edge are employed and living a middle-class lifestyle.

1-29-13 Who Runs The World? Solid Proof That A Core Group Of Wealthy Elitists Is Pulling The Strings

http://theeconomiccollapseblog.com

http://albertpeia.com/rottencore.htm

22 Signs That Barack Obama Is Transforming America Into A Larger Version Of North Korea

http://endoftheamericandream.com

http://albertpeia.com/failedcommunistamerica.htm

China Just Threatened a Currency War If the Fed Doesn’t Stop Printing

January 29, 2013 http://gainspainscapital.com

http://albertpeia.com/fedprintingbankruptsthelendermeanswar.htm

JAN 29 - CHRISTIAN A. DEHAEMER Obama Destroys 2,900 Jobs How to Profit from Government Foolishness http://www.wealthdaily.com Emerging markets are rapidly increasing their use of coal, and logic would dictate the U.S. government would smooth the way for exports. But instead it's attempting to shut it down... Read More...

The Farce Must Go On: Senate Suddenly Furious With Eric Holder For Allowing Banks To Become "Too Big To Jail"

Submitted by Tyler Durden on 01/29/2013

Or what happens when Wall Street Muppet A is vewy, vewy angwy with Wall Street Muppet B and desperately needs a ratings boost.

Frankrupt Damage Control "France Is A Truly Solvent Country, France Is A Truly Credible Country"

Submitted by Tyler Durden on 01/29/2013

In a move farcically reminiscent of Inspector Clouseau, the French Finance Minister made an impromptu appearance on the BBC to confirm what we all should have known all along: that "France is a truly solvent country, France is a truly credible country." As the Washington Post notes, the oh-so-honest faux-pas that enfant terrible Monsieur Michel Sapin made yesterday - explaining how his nation is "totally bankrupt" - had French politicos scrambling today to recover their je ne sais pas. It would appear the crisis management approach taken is the repetitive Jedi mind-trick and of course we should believe Moscovici - even as France faces near-record unemployment, ratings downgrades, fiscal atrophication thanks to a plunge in competitiveness, and backlash among the elites at its increasingly socialist policies. "This is not the France you are looking for," and sure enough, now we believe them.

Silver Eagle Sales Surge To All-Time Record In January

Submitted by Tyler Durden on 01/29/2013

A massive 7.4 million Silver Eagles were purchased from the U.S. Mint in January, considerably higher than the previous record from early 2011. After halting Silver coin production/sales for over a week, the Mint re-opened yesterday and demand once again surged. Having almost doubled from the first week in January, there remains two more days before the book is closed on January's sales. At 140,000 ounces, the Mint has also sold the most ounces of gold in January in almost three years, suggesting the rising 'currency wars' are stoking people's ongoing rotation from paper-to-physical assets as their 'wealth' slowing loses its value.

Guest Post: You Know You're Not Living In A Free Country When...

Submitted by Tyler Durden on 01/29/2013

You know you’re no longer living in a free country when the government tells you what you can and cannot put in your body. Or when an unelected board of bureaucrats and corporate insiders can confiscate the assets of hardworking small business owners. Yet these have become par for the course in the Land of the Free. The police, the bureaucrats... they are not the enemy. They are merely pawns of an entire system gone critically bad. In truth, there is no actual enemy. The enemy is an idea - a faceless government that is not embodied in a single individual or group. Trying to ‘fight’ this enemy, this idea, is as futile as a government ‘declaring war’ on drugs or poverty. These are not enemy combatants. They’re nouns. Concepts. As such, trying to ‘take back’ the country is a noble yet unfortunately misguided expenditure of precious resources.

China Hits Key Demographic Ceiling As Working-Age Population Now Declining

Submitted by Tyler Durden on 01/29/2013

The meme of the moment remains China's 'rotation' to urbanization as the new growth engine, but as SocGen's Wei Yao notes, while this shift from farmers to manufacturers has raised productivity, urban population growth is set to decelerate rapidly in the current decade. Yao comments that the impact of urbanization has been "misunderstood and overstated by the market" as it is now official that China’s working-age population has peaked and is starting to decline. China’s National Bureau Statistics announced that the share of population aged between 15 and 60 years old declined for the first time in 2012 by 0.6ppt to 69.2%. This slower labor growth brings China ever closer to the so-called "Lewis Turning Point"  at which excess labor in the agriculture sector is fully absorbed into modern sectors - leading to no or negligible productivity improvements. The bottom line is that hopes for "new urbanization" appear overdone, given the demographic (and productivity) headwinds and China's focus should shift to social safety nets and not torrid physical construction.

Guest Post: The Siren Song Of The Robot

Submitted by Tyler Durden on 01/29/2013

The quest for cheap energy and cheap labor is a conquering human urge, one that has played out with notable ferocity starting with the Industrial Revolution. The introduction of coal into British manufacturing, and the more recent outsourcing of Western manufacturing to Asia, have marked key thresholds in this ongoing progression. But despite the harvesting of additional productivity gains from the more recent revolution in information technology, the suite of macro data suggests that the rate of advancement in physical production has slowed, notably, in the past thirty years. Seen in this light, the greatest gains to global industrial production were probably enjoyed from the late 18th century (when coal extraction and use began in earnest) into the mid-20th century (when oil reached broad distribution). In contrast, computers, the Internet, and the leveraging of developing world labor might eventually be seen as the finishing touches on this great industrial wave.

Zimbabwe's Total Cash On Hand: $217.00

Submitted by Tyler Durden on 01/29/2013

Several years after revealing the first one hundred trillion modern-day banknote and seeing its economy implode in a cloud of hyperinflationary smoke, Zimbabwe's problems are back with a vengeance. And this time not even more currency destruction, as Zimbabwe does not actually have its own currency any more having largely shifted to foreign currencies primarily the USD and the ZAR - can help. The problem? The country is officially out of cash. From AFP: "After paying public workers’ salaries last week, the balance in cash-strapped Zimbabwe’s government public account stood at just $217, Finance Minister Tendai Biti said Tuesday. “Last week when we paid civil servants there was $217 (left) in government coffers,” Biti told journalists in the capital Harare, claiming some of them had healthier bank balances than the state. “The government finances are in paralysis state at the present moment. We are failing to meet our targets.”" Sadly not even the projected and quite hilarious 5% GDP growth of the now completely broke country, which can't even create money out of thin air as there is nobody who will lend it even one penny, will do much if anything. (Here we will briefly ignore the fact that Zimbabwe's net cash position is about $120,000,000,000,217.00 greater than that of the US)

Amazon Misses, Growth Slows, Guides Lower, P/E Goes Negative And Stock Soars

Submitted by Tyler Durden on 01/29/2013

The most cartoonish stock of all time just came out with results that can only be characterized as ugly. To wit:

Q4 revenue of $21.27 billion missed expectations of $22.23 billion

Q1 EPS of $0.21 missed expectations of $0.27;

The firm guided top-line lower, seeing Q1 sales of $15-$16 billion, below the estimate of $16.5 billion

The firm guided operating income much lower, seeing Q1 op income of ($285)-$65 Million on expectations of $261.4 MM

The firm said the its physical books sales had the lowest growth in 17 years

Total employees grew by 7,000 in the quarter and 32,200 Y/Y to a record 88,400

Worldwide net sales Y/Y growth was the slowest in years at 23%, down from 30% in Q3 and 34% a year ago

And, last and certainly least, LTM Net Income is now officially negative, or ($49) meaning as of this moment the firm with the idiotically high PE has an even more idiotic N/M PE.

... And the stock is soaring in the after hours. Thank you DE Shaw.

Santelli's Paradox And Why The Fed's Exit Will Be "Very, Very Messy"

Submitted by Tyler Durden on 01/29/2013

We are in our sixth year since the US officially went into recession and yet, as CNBC's Rick Santelli notes, we are still in crisis management mode. Some argue that any day now, the Fed will begin to remove its mega liquidity pipe from the market but Rick exclaims in this wonderfully succinct clip that: "there is no expiration date on faulty illogical ideas," as he expects any Fed exit to be "very, very messy." Rick's dilemma is the seemingly paradoxical need for yet moar and bigger monetary policy crisis management by Ben Bernanke when day-after-day we are told by the very guests on his network that "stocks look great." At the end of the day, when the Fed decides to exit, they will not be able to put the liquidity 'toothpaste' back in the tube.

Student Loan Bubble Update: "This Situation Is Simply Unsustainable"

Submitted by Tyler Durden on 01/29/2013

"The delinquency rate today on student loans that were originated from 2005-2007 is 12.4 percent. The comparable figure for student loans that were originated from 2010-2012 is 15.1 percent, representing an increase in the delinquency rate by nearly 22 percent....This situation is simply unsustainable and we’re already suffering the consequences,” said Dr. Andrew Jennings, FICO’s chief analytics officer and head of FICO Labs. “When wage growth is slow and jobs are not as plentiful as they once were, it is impossible for individuals to continue taking out ever-larger student loans without greatly increasing the risk of default. There is no way around that harsh reality.”

Why Are American Voters So Uninformed?

Submitted by Tyler Durden on 01/29/2013

The sad fact is that it appears completely rational to be ignorant about politics. The cost of being an 'informed' voter - as opposed to a bigotted closed-minded ignoramus - is high, from the time spent following (and interpreting) the news in the paper, online, and on the television. As the following clip notes, "becoming an informed voter is competing with a lot of other needs in your life," from American Idol watching to eating Cheetos in the bath. Of course, the sad truth is that it has never been more important to be 'informed' and so the 'bread-and-circuses' will continue lest we stumble upon the truth - but perhaps this brief clip will sway a few more to the dark side of 'the informed' - though just because 'you' are better-informed does not mean politicians will do a better job - as the probability of your vote changing the outcome of an election is for all practical purposes, zero!

Hedging The Great Unwind - Second Highest Treasury Put Volume On Record Hits The Tape

Submitted by Tyler Durden on 01/29/2013

In early June 2007, Treasury futures saw their largest-ever put volume traded (821,978 contracts) and within a few days, Treasury yields had peaked at 5.32% and never looked back. Yesterday, according to CME data, Treasury futures put volume hit 758,020 contracts (second only to that 2007 high) as 74% of the entire options trading volume was in puts (and 88% of 5Y futures options were puts!). With the FOMC tomorrow and everyone seemingly convinced that the 'great rotation' is in place, it would appear the crowded trade is being bearish bonds.

The Complete World Currency War Heatmap

Submitted by Tyler Durden on 01/29/2013

A regular feature back in 2010 when we had our first taste of global currency warfare as Brazil's finance minister accurately summarized when he said "a currency war has broken out" (and yes: currency war existed then, and especially in the 1930s which led to the Great Depression, long before the recent eponymous book came out desperate to take credit for this simplistic concept) were the global FX heatmaps which showed how any given currency is doing on any given day. Since currency warfare is now back and more violent than at any time in the past 80 years, it only makes sense to bring back a long-time reader favorite: the currency warfare heatmaps which show who, on any given day, is winning and losing, the global race to debase and in the process beggar all globalized and SWIFT-interlinked neighbors. But don't forget: in a relativistic fiat world, nobody can actually win the global race to debase. Well, not nobody: gold (and other precious metals) can, assuming it is not confiscated as it was the last time the US ended the global currency war with a 50%+ devaluation of the USD relative to gold... and promptly confiscated all gold.

Guest Post: Why Employment In The U.S. Isn't Coming Back

Submitted by Tyler Durden on 01/29/2013

It is impossible to understand job creation without understanding value creation and labor/overhead costs. People hire other people when their labor creates more value than it costs to hire them. When labor costs are high, the value created must also be high; it makes no sense to hire someone if doing so generates a loss. When labor is cheap, the bar of value creation is lowered, and so the risk of hiring a worker is also lower: they don't have to add much value to be worth their wage. This is why you see many low-value jobs in developing-world countries.  If overhead costs - the cost-basis of doing business in the U.S. - keep rising faster than gross profits (out of which overhead is paid), then the owners have little choice: they can either close the business before they are personally bankrupted, cut everyone's pay or lay off some employees and somehow raise the productivity of the remaining workers to maintain enough value creation to survive. This is the U.S. economy in a nutshell.

Consumer Confidence Crashes To 2011 Levels After Biggest Plunge Since August 2011 Debt Ceiling Debacle

Submitted by Tyler Durden on 01/29/2013

It would appear that the hike in taxes on 77% of Americans that was heralded as a success, has dented confidence just a little. As the efficient stock market moves to all-time nominal highs in many cases, Consumer Confidence just fell off a cliff. The conference board printed at the worst level in 13 months - so all those 2012 gains are gone - and fell month-over-month by the most since the August 2011 fiscal cliff debacle. For every income levels (except those earning under $15k) confidence plunged with the $35k-$50k bracket crashing the most. It would appear that the driver of 70% of the US economy is not buying the new normal being fed to us daily by any and every media outlet possible. No matter how much the market is held up by mysterious runs in FX markets or volatility compression, it would appear that - just as we have been noting - the underlying macro fundamentals will eventually be priced in, as this does not bode well for retail sales.

Case-Shiller Home Price Index Posts Second Consecutive Monthly Decline, Average Home Prices Back To Fall 2003 Levels

Submitted by Tyler Durden on 01/29/2013

The Case-Shiller Home Price Index is unique among other economic data indicators for recommending that analysts focus solely on its Non-seasonal adjusted data series, as this is what the report uses in its own headline figures. It adds that "for analytical purposes, S&P Dow Jones Indices publishes a seasonally adjusted data set covered in the headline indices" - a far cry from the BLS, whose Arima X 12 models are the basis of the data "moves" on a monthly basis: moves which are based not so much in the underlying data but on the seasonal adjustment and fudging the government employees apply to it. And it is the unadjusted Case Shiller data that showed that in November, the 20 City Composite index posted its second consecutive monthly price decline in a row. Yes: on a year over year basis home prices did rise some 5.5%, but on the other hand, "average home prices across the United States are back to their autumn 2003 levels for both the 10-City and 20-City Composites." And while the price decline into the year end is somewhat seasonal, it certainly does not fit with all the other economic data released by the government showing a housing picture so bright not even the tiniest drops in prices were allowed.

Action Over; Reaction About To Commence

Submitted by Tyler Durden on 01/29/2013

The one thing that all of us know, surely all of us must know at least this, is that markets do not go forever in one direction. I am not speaking here of the pecularities of a day or of trying to eke out some trade but of shifts in circumstances and sentiments that sets the direction upon a new course. We live in a world recently comprised of three basic tenets; postpone, make up facts to suit the goals of some nation or nations and throw money at anything that moves. This is an inherently unstable construct and yet that is what our brilliant leaders have embraced. I will tell you this; when chicanery is trotted out as truth, when liabilities are not counted, when losses are termed investments, when the only answer to anything is the printing of more small pieces of green and blue paper then trouble is approaching with a capital “T” and the future is a bleak cloud of foreboding.

Spain Is World's Most "Miserable" Nation, Worse Than Greece, Venezuela And South Africa

Submitted by Tyler Durden on 01/29/2013

A quick ranking of the world's most "miserable" countries, based on the conventional measure of the Misery Index which is simply the Unemployment Rate plus Inflation, shows just why most people in Spain are, well, less than happy (and Spain is damn lucky there is no subset of the Misery index for just those aged 25 and under as we would certainly need a bigger chart). As the chart below shows, the Spanish "misery" is now the greatest in the world, at some 30%, and is worse than South Africa, Greece, Venezuela, Argentina and Egypt.

Netanyahu Deploys 'Syrian' Iron-Dome As Israeli Minister Claims US Preparing 'Surgical' Strikes Against Iran { Israel warns of possible pre-emptive strike in Syria... Key facility hit? Kissinger: Iran nuclear crisis close... [ Kissinger Predicts Nuclear War with Iran { This would be a zionist wet dream come true! And, a disaster for literally everyone else, particularly for pervasively corrupt, defact bankrupt america whose prior orwellian pro-israeli moves have not turned out well for anyone including america except for israel, the war profiteers and the military industrial complex as warned against by the underrated but great president General Eisenhower! } Kurt Nimmo | Characterizes looming conflict as “a turning point in human history.” { Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby doesn’t even have to pay kissinger for such folly! How ‘bout the turning point being the misguided balfour declaration and the subsequent existing 200+ illegal israeli nukes! } Video: Globalist Kingpin Predicts Nuclear War with Iran Prison Planet.com | Globalist kingpin, renowned war criminal and Rockefeller co-conspirator Henry Kissinger is talking up a nuclear conflagration. { Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby doesn’t even have to pay kissinger for such folly! How ‘bout the turning point being the misguided balfour declaration and the subsequent existing 200+ illegal israeli nukes! } ]

Submitted by Tyler Durden on 01/27/2013

Israeli PM Benjamin Netanyahu says his nation must prepare for the threat of a chemical attack from Syria, amid concern at enemy efforts to test a post-election coalition Israel, and has deployed its new Iron Dome anti-missile system near the border with its northern neighbor. Along with this concern, as many have perhaps suspected, the Israeli Defense Minister confirmed yesterday that the US has prepared plans for a 'surgical' military operation to delay Iran's nuclear program. As The Jerusalem Post reports, Ehud Barak, added that in the past the US has been heavy-handed but that under Barack Obama, the United States has "prepared quite sophisticated, fine, extremely fine, scalpels," if the worse comes to the worst - even though the Israeli preference would be to end the nuclear threat diplomatically, calling for tougher sanctions (though he expressed doubt that diplomacy would lead to success). Just another geopolitical hotspot that the world's markets choose to ignore in deference to the one true leader - central bankers.

$600 Billion In Trades In Four Years: How Apple Puts Even The Most Aggressive Hedge Funds To Shame

Submitted by Tyler Durden on 01/27/2013

Everyone knows that for the better part of the past year Apple was the world's biggest company by market cap. Most also know that AAPL aggressively uses all legal tax loopholes to pay as little State and Federal tax as possible, despite being one of the world's most profitable companies. Many know, courtesy of our exclusive from September, that Apple also is the holding company for Braeburn Capital: a firm which with a few exceptions, also happens to be among the world's largest hedge funds, whose function is to manage Apple's massive cash hoard with virtually zero reporting requirements, and whose obligation is to make sure that AAPL's cash gets laundered legally and efficiently in a way that complies with prerogative #1: avoid paying taxes. What few if any know, is that as part of its cash management obligations, Braeburn, and AAPL by extension, has conducted a mindboggling $600 billion worth of gross notional trades in just the past four years, consisting of buying and selling assorted unknown securities, or some $250 billion in 2012 alone: a grand total which represents some $1 billion per working day on average, and which puts the net turnover of some 99% of all hedge funds to shame! Finally, what nobody knows, except for the recipients of course, is just how much in trade commissions AAPL has paid on these hundreds of billions in trades to the brokering banks, many (or maybe all) of which may have found this commission revenue facilitating AAPL having a "Buy" recommendation: a rating shared by 52, or 83% of the raters, despite the company's wiping out of one year in capital gains in a few short months.

Guest Post: Why Employment Is Dead in the Water

Submitted by Tyler Durden on 01/27/2013

Employment is dead in the water because opportunities for organic expansion are few and the cost basis of doing business in the U.S. keep rising. That vise forces businesses large and small to reduce labor costs while boosting productivity. There is no other way to stay solvent in a post-bubble, over-capacity, over-indebted consumerist economy awash in too much of everything but energy, common sense and fiscal prudence.

{ We’ve never, in the entire history of economics, finance, markets seen the disconnect from economic/financial reality and fundamentals as pronounced and as great as now. The reality of modern-day computer programs/algos/frauds at lightning computerized speed and sheer desperation on fraudulent wall street whose ever larger protected frauds are literally cheered by failed american leadership at every level. Right now, though contraindicated, the superstitious January effect is in play and manipulated to meet faux bullish expectations. Then too, without doubt, what will be their excuse to not ‘sell in May and go away’ which really should be the mantra at present, now, beyond the hot air, smoke and mirrors, fraud and b***s*** we’re once again seeing in large measure, encouraged and received with ebulliently poised irrational exuberance on wall street and in washington. Remember the ralleys in sympathy with Apple exuberance, all of which we now know to have had a foundation of little more than ‘apple sauce’. Total b***s***! What’s the next b***s*** story/sizzling fraud? The ‘money’ being cashed out by these frauds has to come from someplace (the real economy) and has already found a way into understated/underreported inflation rates (for a multiple of staples including food prices), lower margins through higher costs thereby manipulated somewhat by currency manipulations, all of which will be ‘coming due’ in a very big way to the downside, reality-based blowout around the corner. }

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...Yahoo Market Update…

Metal News for the Day

1-28-13 Dave’s Daily: http://www.etfdigest.com ‘MARKING TIME: EARNINGS, ECONOMIC DATA, FED MEETING 1-28-13 Durable Goods Orders were up (4.6% vs 1.6% expected & prior 0.7%) with the gain attributed primarily to aircraft orders. Ex-Aircraft orders were modestly higher (1.3% vs 0.4% expected & prior 1.2%). Pending Home Sales fell 4.3% with the National Association of Realtors explaining the decline attributed to a lack of house inventory under $100K. Seriously? Where do you find typical inventory like that beyond the REOs of certain banks? The Dallas Fed Mfg Survey was stronger after revisions (5.5 vs 4.0 expected & prior revised from 6.8 to 2.5).Earnings from Yahoo (Breaking news: YHOO earnings beat estimates), Facebook (FB) and Amazon (AMZN) will be featured in the next few days affecting tech (QQEW) and (XLK). Caterpillar (CAT) suggested future earnings between $7-$9 per share, which is in the mid-range of analysts’ forecasts of $8.54. This is primarily due to tepid U.S. growth while hopes for Chinese demand continue.The dollar (UUP) was modestly higher and gold (GLD) continues to see selling of risk assets. Commodity tracking ETF (DBC) continued hold its own due to heavy energy weightings with oil (USO) and gasoline (UGA). Meanwhile grains rallied (JJG). Bonds (TLT) are still much weaker.Stocks were led higher by technology (XLK) while homebuilders (ITB) saw profit-taking on the weaker housing data. The most meaningful story I noted from Monday was from Bloomberg noting that high global stock correlations are retreating making sector choice more important than it’s been in years.Volatility could increase, as this is a heavy week for earnings, economic data, and throw in a Fed meeting for good measure.  Remember, the Fed remains busy adding more liquidity via POMO activity with another $5.8 billion and change given to primary dealers. Volume still light and breadth per Yahoo/Finance was mixed…’

Federal Reserve Money Printing Is The Real Reason Why The Stock Market Is Soaring

http://theeconomiccollapseblog.com

http://albertpeia.com/fedmoneyprinting.htm

Germany Just Fired a Warning Shot at the Fed

January 27, 2013 http://gainspainscapital.com

http://albertpeia.com/warningshot.htm

Social Decay + Illegal Immigration + Poverty = Open War On The Streets Of America

http://theeconomiccollapseblog.com

http://albertpeia.com/waronusstreets.htm

Labor Minister Says France Is "Totally Bankrupt"

Submitted by Tyler Durden on 01/28/2013

Things in France must not be very serious, because the French labor minister accidentally let the truth come out a little earlier today. As the Telegraph reports, France's labour minister sent the country into a state of shock on Monday after he described the nation as “totally bankrupt."

Here Come The Drones, Or The True Reason For The Mali Incursion

Submitted by Tyler Durden on 01/28/2013

Given our recent discussion (here and here) of the rising importance of Africa in the world's power and money echelons, it is not entirely surprising that the NY Times reports that US military command in Africa is actively preparing to establish a drone base in northwest Africa to increase "unarmed surveillance missions on the local affiliate of Al Qaeda and other Islamist extremist groups" that American and other Western officials say pose a growing menace to the region. It would appear Niger will be the most likely place for the base - from which officials envision flying only unarmed surveillance drones though, of course, they have not ruled out conducting missile strikes at some point if the threat worsens. “This is directly related to the Mali mission, but it could also give Africom a more enduring presence for I.S.R.,” one American military official said Sunday, referring to intelligence, surveillance and reconnaissance. Perhaps, actually scratch the "perhaps", what is really happening is the US now has a drone base with which to supervise Chinese expansion in Northweast Africa, anda drone fleet to use defensively and offensively as it sees fit.

Mark Spitznagel On Confusing Means With Ends

Submitted by Tyler Durden on 01/28/2013

Amid all of this messy thinking we miss the simple truth behind our material wealth: It has been achieved through the accumulation, by us and inherited from our forefathers, of a stock of highly configured and embedded tools that make human effort more effective and things possible that never were before. And we turn our backs on this truth when we turn more and more of these tools over to government bureaucrats. Profits are but an intermediate end of capital investment. Its ultimate end, in fact, is the material progression of our civilization. How easily we lose sight of this, at our and our progeny's peril. We all want more economic growth, but we ignore the means to get there: the onerous choices and commitments made along the round-about path to those ends. We even confuse the means with the ends.

Stocks And Bonds Reconnect As Endangered Rising VIX Posts A Rare Appearance

Submitted by Tyler Durden on 01/28/2013

Once again equity markets disconnected (positively) from their risk-related cousins at around the European close and while broad equity markets closed around unchanged, the weakness in HY credit, and rise in VIX and Treasury bond prices as the day wore on told a slightly more concerned story than stocks would suggest. AAPL rose helping the tech sector; homebuilders saw their biggest loss in 5 weeks following weaker than expected housing data; and CAT's incredulous rally on total lack of clarity for their outlook provided just enough juice to keep the Dow near unchanged. S&P 500 futures fell rapidly to Friday's low as the US day session opened but found support and oscillated around unch/VWAP for the rest of the day. The USD round-tripped from early strength to end unchanged with GBP weakness and JPY strength. Oil rallied, Silver slipped, Gold tracked the USD, but Treasuries' overnight weakness halted instantly as the US day-session opened. Volume and average trade size were low which combined with the VIX expansion and broad risk-off suggests the equity rally is losing steam - but who knows anymore.

Iceland's 'Icesave' Deposit Victory Slams Door On European Deposit Insurance Hopes

Submitted by Tyler Durden on 01/28/2013

In yet another victory for not bowing to the great-and-good of modern orthodoxy, Iceland has won a court ruling that enables it to repay billions of Euros (in failed bank deposits to the UK and Holland) on its own terms. Icesave collapsed in 2008 and left thousands of depositors, who had chased higher yielding deposits, with losses. The Dutch and British governments demanded prompt payment; Iceland denied, preferring (rationally) to repay what they could from the then-bankrupt entity. As RTE notes, Icelanders in referenda twice voted against repayment schemes drawn up by their government to satisfy the British and Dutch claims, leaving the estate of Landsbanki to pay back the funds, which it has steadily done, instead of the taxpayers of Iceland being force per se to fund this shortfall. The implication being: Bank deposit insurance schemes in the European Economic Area are NOT backed by government liability, neither explicitly nor implicitly - which could well reignite concerns of the much-hoped-for Europe-wide deposit-guarantees.

Chart Of The Day: Is The ECB Responsible For The Second Coming Of BitCoin?

Submitted by Tyler Durden on 01/28/2013

That precious metals are not the best friends of central banks, whose sole provenance is in creating, and lately massively diluting, faith-based fiat currency is no secret, especially not after the recent snafu involving the Bundesbank and its shocking gold repatriation announcement which came in direct refutation of its public statements just 2 months earlier about faith in the NY Fed this, and bashing of a "phantom debate" on the safety of gold reserves that. Yet it was not gold gold, silver or even tungsten that was the object of derision in an amusing paper released by the ECB in early November titled "Virtual Currency Schemes", which we profiled at the time, but rather the decentralized electronic currency BitCoin, which was supposed to highlight what, in the eyes of the Draghi-led Frankfurt institutions, is nothing but a Ponzi scheme. Why the ECB suddenly felt threatened so much by Bitcoin, it felt an imperative to issue a 55 page paper decrying such electronic currencies we will never know. What we do know, however, courtesy of a reminder by Bloomberg's Max Raskin, is that since the publication of said paper, the value of Bitcoin as tracked by the Mtgox exchange, has soared some 40% in just under three months, from a "fiat equivalent value" of $13 to a most recent closing price of $18.50, and has doubled in the past 12 months alone.

Santelli And Biderman Slam The Market's Four Faltering Fallacies

Submitted by Tyler Durden on 01/28/2013

There are numerous myths flying around the screens we all remain glued to - from inflows suddenly becoming correlated with equity market performance to a 'real recovery' in housing. TrimTabs CEO Charles Biderman paid a brief but fact-full visit to CNBC's Rick Santelli and the two somewhat skeptical gentlemen expounded on four of the critical fallacies supporting hope in our markets currently. First, the last time inflows were this big we saw dramatic reversals in stocks; and coincidentally, secondly, we also saw companies buying back less stock (in fact we saw float rising at those periods) and sure enough that is what Biderman notes is happening in January too. Third, current 'economic' euphoria appears due to the drag forward of incomes into Q4 2012 due to tax concerns (which is being spent/saved now) - however that means Q1 2013 and on will be negatively impacted (even if we see a decent print in Q4 GDP) as that pull-forward reverts; and finally, fourth, interest rates are rising and simultaneously refinances have plunged - hurting the 'housing recovery' meme which has been the driver of a lot of euphoria (be careful what you wish for). It appears facts, once again, get in the way of a good story.

December Core Capital Goods Plunge 4.3% Y/Y As Durables Headline Boosted By Boeing Orders

Submitted by Tyler Durden on 01/28/2013

Yet another government data release, yet another epic case of baffle with BS. As expected (and as pretweeted by us) The headline Durable goods orders was a massive 4.6% increase M/M, rising to $230.7 billion from $220.7 billion, the biggest beat to expectations of a 2.0% headline print since December 2011. A key reason for this was the ridiculous 56.4% explosion in Nondefense aircraft and part from $5.1 billion to $7.9 billion, while Nondefense aircraft soared by 10.1% to $14 billion. Excluding this incredibly volatile data set, the headline number would have been a miss, and will likely be revised lower next month, because the primary driver of the boost was Boeing, which said it had received 183 orders in December, compared to 124 in November. One wonders how many of these fully cancelable orders were for the Dreamliner. Ah details. And more details: the only consistent series that matters for a credible Capital Expenditure picture without monthly aberations, is the orders of Non-defense Capital Goods excluding Aircraft category, which rose by a whopping 0.2% month over month. But more importantly, looking at this on a Year over Year basis, as this is a seasonal series and looking at it on a sequential basis makes zero sense, we just experienced a whopping -4.3%, negating the transitory 1.5% Y/Y bounce posted in November, and resuming the downward glideslope in the key corporate CapEx indicator.

The Cycling Of Money

Submitted by Tyler Durden on 01/28/2013

In one sense the trajectory of money is similar to what recently occurred with Lance Armstrong which is that he admitted to doping. The financial markets have been living on the drugs provided by the world’s central banks and that has been more and more and ever more money pumped into the system. We have become addicted to the stuff and never mind that more pieces of green and blue paper decrease the value of the currency because, with the possible exception of gold, there is nowhere else to go and so the global slosh of capital keeps driving the markets higher; all of the markets. Many point to the rise in the markets as a sign that conditions are improving but this is not the case. If things were getting better then the fundamentals would be telling a very different story.

The Spanish Housing Market Is About To Bottom

Submitted by Tyler Durden on 01/28/2013

Why? Because once it hits 0 in a few months, it can't go any lower.

Frontrunning: January 28

Submitted by Tyler Durden on 01/28/2013

CAT beats ex-Chinese fraud: $1.91, Exp. $1.70; Warns 2013 could be a "tough year"; sees 2013 EPS in $7.00-$9.00 range, Exp. $8.54, sees Q1 sales well below Q1, 2012

Yi Warns on Currency Wars as Yuan Close to ‘Equilibrium’ (BBG)

Monte Paschi seeks new investor as scandal deepens (Reuters)

Assault Weapons Ban Lacks Democratic Votes to Pass Senate (BBG)

Toyota Again World's Largest Auto Maker (WSJ)

Curious why all those Geneva Libor manipulators moved to Singapore? Bank probes find manipulation in Singapore's offshore FX market  (Reuters)

Japan eased safety standards ahead of Boeing 787 rollout (Reuters) - so like Fukushima?

Goldman is about to be un charge: Osborne cools on changing inflation target (Telegraph)

Abe Predicts Bump in Revenue as Japan Emerges From Recession (BBG) - actually, "hopes" is the correct verb here

Toxic Smog in Beijing Fueling Auto Sales for GM, VW (BBG)

Fed waits for job market to perk up (Reuters) ... any minute now that S&P to BLS trickle down will hit, promise

BofA shifts derivatives to UK (FT)

Currency Wars Heating Up As Taiwan, Korea And China Fire Warning Shots

Submitted by Tyler Durden on 01/28/2013

While the overnight session has been relatively quiet, the overarching theme has been a simple one: currency warfare, as more of the world wakes up to what the BOJ is doing and doesn't like it. The latest entrants in global warfare: Taiwan, whose central bank overnight said it would step in the FX market if needed, then Thailand, whose currency was weakened on market adjustment according to Prasarn, and of course South Korea, where the BOK said that global currency war spreads protectionism. Last but not least was China which brought out the big guns after the PBOC deputy governor Yi Gang "warned on currency wars." To wit: "Quantitative easing for developed economies is generating some uncertainties in financial markets in terms of capital flows,” Yi, who is also head of China’s foreign-exchange regulator, told reporters. “Competitive devaluation is one aspect of it. If everyone is doing super QE, which currency will depreciate?” “A currency war, a series of tit-for-tat competitive devaluations, would trigger trade protection measures that would damage global trade and therefore growth globally,” said Louis Kuijs, chief China economist at Royal Bank of Scotland Plc in Hong Kong, who previously worked for the World Bank. “That would not be good for any country with a stake in the global economy.” Which brings us to the fundamental question - if everyone eases, has anyone eased? And is there such a thing as a free lunch when central banks simply finance global deficits while eating their soaring stock market cake too? The answer, of course, is no, but we will cross that bridge soon enough.

RANsquawk EU Market Re-Cap - 28th January 2013

Submitted by RANSquawk Video on 01/28/2013

Netanyahu Deploys 'Syrian' Iron-Dome As Israeli Minister Claims US Preparing 'Surgical' Strikes Against Iran { Israel warns of possible pre-emptive strike in Syria... Key facility hit? Kissinger: Iran nuclear crisis close... [ Kissinger Predicts Nuclear War with Iran { This would be a zionist wet dream come true! And, a disaster for literally everyone else, particularly for pervasively corrupt, defact bankrupt america whose prior orwellian pro-israeli moves have not turned out well for anyone including america except for israel, the war profiteers and the military industrial complex as warned against by the underrated but great president General Eisenhower! } Kurt Nimmo | Characterizes looming conflict as “a turning point in human history.” { Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby doesn’t even have to pay kissinger for such folly! How ‘bout the turning point being the misguided balfour declaration and the subsequent existing 200+ illegal israeli nukes! } Video: Globalist Kingpin Predicts Nuclear War with Iran Prison Planet.com | Globalist kingpin, renowned war criminal and Rockefeller co-conspirator Henry Kissinger is talking up a nuclear conflagration. { Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby doesn’t even have to pay kissinger for such folly! How ‘bout the turning point being the misguided balfour declaration and the subsequent existing 200+ illegal israeli nukes! } ]

Submitted by Tyler Durden on 01/27/2013

Israeli PM Benjamin Netanyahu says his nation must prepare for the threat of a chemical attack from Syria, amid concern at enemy efforts to test a post-election coalition Israel, and has deployed its new Iron Dome anti-missile system near the border with its northern neighbor. Along with this concern, as many have perhaps suspected, the Israeli Defense Minister confirmed yesterday that the US has prepared plans for a 'surgical' military operation to delay Iran's nuclear program. As The Jerusalem Post reports, Ehud Barak, added that in the past the US has been heavy-handed but that under Barack Obama, the United States has "prepared quite sophisticated, fine, extremely fine, scalpels," if the worse comes to the worst - even though the Israeli preference would be to end the nuclear threat diplomatically, calling for tougher sanctions (though he expressed doubt that diplomacy would lead to success). Just another geopolitical hotspot that the world's markets choose to ignore in deference to the one true leader - central bankers.

$600 Billion In Trades In Four Years: How Apple Puts Even The Most Aggressive Hedge Funds To Shame

Submitted by Tyler Durden on 01/27/2013

Everyone knows that for the better part of the past year Apple was the world's biggest company by market cap. Most also know that AAPL aggressively uses all legal tax loopholes to pay as little State and Federal tax as possible, despite being one of the world's most profitable companies. Many know, courtesy of our exclusive from September, that Apple also is the holding company for Braeburn Capital: a firm which with a few exceptions, also happens to be among the world's largest hedge funds, whose function is to manage Apple's massive cash hoard with virtually zero reporting requirements, and whose obligation is to make sure that AAPL's cash gets laundered legally and efficiently in a way that complies with prerogative #1: avoid paying taxes. What few if any know, is that as part of its cash management obligations, Braeburn, and AAPL by extension, has conducted a mindboggling $600 billion worth of gross notional trades in just the past four years, consisting of buying and selling assorted unknown securities, or some $250 billion in 2012 alone: a grand total which represents some $1 billion per working day on average, and which puts the net turnover of some 99% of all hedge funds to shame! Finally, what nobody knows, except for the recipients of course, is just how much in trade commissions AAPL has paid on these hundreds of billions in trades to the brokering banks, many (or maybe all) of which may have found this commission revenue facilitating AAPL having a "Buy" recommendation: a rating shared by 52, or 83% of the raters, despite the company's wiping out of one year in capital gains in a few short months.

Guest Post: Why Employment Is Dead in the Water

Submitted by Tyler Durden on 01/27/2013

Employment is dead in the water because opportunities for organic expansion are few and the cost basis of doing business in the U.S. keep rising. That vise forces businesses large and small to reduce labor costs while boosting productivity. There is no other way to stay solvent in a post-bubble, over-capacity, over-indebted consumerist economy awash in too much of everything but energy, common sense and fiscal prudence.

{ We’ve never, in the entire history of economics, finance, markets seen the disconnect from economic/financial reality and fundamentals as pronounced and as great as now. The reality of modern-day computer programs/algos/frauds at lightning computerized speed and sheer desperation on fraudulent wall street whose ever larger protected frauds are literally cheered by failed american leadership at every level. Right now, though contraindicated, the superstitious January effect is in play and manipulated to meet faux bullish expectations. Then too, without doubt, what will be their excuse to not ‘sell in May and go away’ which really should be the mantra at present, now, beyond the hot air, smoke and mirrors, fraud and b***s*** we’re once again seeing in large measure, encouraged and received with ebulliently poised irrational exuberance on wall street and in washington. Remember the ralleys in sympathy with Apple exuberance, all of which we now know to have had a foundation of little more than ‘apple sauce’. Total b***s***! What’s the next b***s*** story/sizzling fraud? The ‘money’ being cashed out by these frauds has to come from someplace (the real economy) and has already found a way into understated/underreported inflation rates (for a multiple of staples including food prices), lower margins through higher costs thereby manipulated somewhat by currency manipulations, all of which will be ‘coming due’ in a very big way to the downside, reality-based blowout around the corner. }

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

1-25-13 Dave’s Daily: http://www.etfdigest.com ‘THE DRIVE TO NEW HIGHS 1-25-13 Bulls and portfolio managers often feel peer pressure to not be left out of any major market moves and thus will start chasing certain target levels to achieve market performance. We’re not immune to the pressure either but as disciplined trend followers, we’re aligned with the bulls for now. Many normally effective and reliable technical indicators can be easily steamrolled by the Fed and other central bank liquidity. Investors don’t know where to invest beyond stocks presently as alternatives don’t produce enough alpha (performance) than equity markets. The chart below clearly displays the effect of ZIRP and QE on the most sensitive stock sector and others:

http://albertpeia.com/daveschart12513.gif

When the music (money printing) stops things could get quite ugly. Until then, even reluctant investors, must steel themselves up and go. Most portfolio managers, including us, are expecting some correction, but thus far none seems likely as every dip is bought. And, not much investing is being done unhurriedly, as frenetic episodes of trading continue as with Apple (AAPL) and Netflix (NFLX).We’re starting to see interest rates rise along with stocks, which could feed on itself. Imagine what would happen to interest payments on U.S. debt if this should happen abruptly, not to mention stock markets. Well, that’s for another day. For now the Fed is feeding bulls.In the UK, GDP growth fell to -0.3% vs 0.9% previously as the Olympic Games’ stimulus faded. This is why the Bank of England restarted its money printers to forestall the possibility of a recession. Business confidence in Germany rose once again. The ECB reported that LTRO loans are being repaid early, mostly from Spanish banks, to the tune of $184 billion. Asian shares were weaker first as South Korea and Samsung shares fell due to the strong won currency. China stocks (Shanghai Index) fell to a one week low as some investors there fretted about valuations.In the U.S., New Home Sales fell (369K vs 388K expected & prior, revised higher, to 398K vs 377K) which didn’t seem to faze homebuilders (ITB) too much.Earnings news from Procter & Gamble (PG) was well-received and Halliburton (HAL) beat lowered expectations even as profits fell 26%. That’s the old Wall Street game—CFOs downgrade expectations, analysts comply, then earnings beats become ubiquitous and stocks rise.There is a good bit of rotation still taking place as U.S. shares are more in play at the expense of Asia and emerging markets for example. Risk assets, commodities (DBC) and precious metals (GLD) are less attractive if only currently as the drive toward stocks is primary. The dollar (UUP) was weaker as were bonds (TLT). Volume is still substantially below the prior three-month average, which was also lighter than the previous three-month average. Breadth per the WSJ was positive…’

{ We’ve never, in the entire history of economics, finance, markets seen the disconnect from economic/financial reality and fundamentals as pronounced and as great as now. The reality of modern-day computer programs/algos/frauds at lightning computerized speed and sheer desperation on fraudulent wall street whose ever larger protected frauds are literally cheered by failed american leadership at every level. Right now, though contraindicated, the superstitious January effect is in play and manipulated to meet faux bullish expectations. Then too, without doubt, what will be their excuse to not ‘sell in May and go away’ which really should be the mantra at present, now, beyond the hot air, smoke and mirrors, fraud and b***s*** we’re once again seeing in large measure, encouraged and received with ebulliently poised irrational exuberance on wall street and in washington. Remember the ralleys in sympathy with Apple exuberance, all of which we now know to have had a foundation of little more than ‘apple sauce’. Total b***s***! What’s the next b***s*** story/sizzling fraud? The ‘money’ being cashed out by these frauds has to come from someplace (the real economy) and has already found a way into understated/underreported inflation rates (for a multiple of staples including food prices), lower margins through higher costs thereby manipulated somewhat by currency manipulations, all of which will be ‘coming due’ in a very big way to the downside, reality-based blowout around the corner. }

German Gold Repatriation http://www.wealthdaily.com/articles/german-gold-repatriation/3918 Trust No Longer Exists ‘The big news last week was the initial announcement by Germany that they would be repatriating their gold back to Germany and the political rhetoric that followed…..Matt Taibbi, the reporter from Rolling Stone Magazine who recently wrote a scathing commentary on the 2008 government bailout lies, said the following:

But the most appalling part is the lying. The public has been lied to so shamelessly and so often in the course of the past four years that the failure to tell the truth to the general populace has become a kind of baked-in, official feature of the financial rescue. Money wasn't the only thing the government gave Wall Street – it also conferred the right to hide the truth from the rest of us. And it was all done in the name of helping regular people and creating jobs. "It is," says former bailout Inspector General Neil Barofsky, "the ultimate bait-and-switch."

The bailout deceptions came early, late and in between. There were lies told in the first moments of their inception, and others still being told four years later. The lies, in fact, were the most important mechanisms of the bailout. The only reason investors haven't run screaming from an obviously corrupt financial marketplace is because the government has gone to such extraordinary lengths to sell the narrative that the problems of 2008 have been fixed. Investors may not actually believe the lie, but they are impressed by how totally committed the government has been, from the very beginning, to selling it.

It’s all just a pile of lies and grand deceptions to keep the people in the dark.

The U.S. Has An Even Larger Gap Between The Rich And The Poor Than Downton Abbey Does

http://theeconomiccollapseblog.com

http://albertpeia.com/gaprichpoor.htm

Apple's Flash Dump In The Last Second Of Trading Caught On Tape

Submitted by Tyler Durden on 01/25/2013

Sure, the retail "investors" are coming back into the "markets"... They are coming back in shifts.  And just so they know what to expect, here is what happened to Apple stock in the last second of regular trading today, courtesy of Nanex. Unlike traditional flash crashes where the trade is an HFT error, or a few shares traded through the entire bid or offer stack, in this case it looks like a very premeditated unloading of some 800K shares (some $350 million worth) of AAPL in the last second, with the full knowledge it was shake the market. Why anyone would want (or wait until the very last second) to do that, while covering the offsetting ES short in the pair trade, to ramp the market into the close, is anyone's guess.

Guest Post: The Gold Guarantee Blowing Up In Singapore?

Submitted by Tyler Durden on 01/25/2013

Today's reminder of the importance of taking physical delivery of gold at the best price possible comes from Singapore.

Taleb On "Skin In The Game" And His Disdain For Public Intellectuals

Submitted by Tyler Durden on 01/25/2013

Nassim Taleb sits down for a quite extensive interview based around his new book Anti-Fragile. Whether the Black Swan best-seller is philosopher or trader is up to you but the discussion is worth the time as Taleb wonders rigorously from the basic tenets of capitalism - "being more about disincentives that incentives" as failure (he believes) is critical to its success (and is clearly not allowed in our current environment) - to his intellectual influences (and total disdain for the likes of Krugman, Stiglitz, and Friedman - who all espouse grandiose and verbose work with no accountability whatsoever). His fears of large centralized states (such as the US is becoming and Europe is become) being prone to fail along with his libertarianism make for good viewing. However, his fundamental premise that TBTF banks should be nationalized and the critical importance of 'skin in the game' for a functioning financial system are all so crucial for the current 'do no harm' regime in which we live. Grab a beer (or glass of wine, it is Taleb) and watch...

Marc Faber Fears 1987 Redux As "Markets Will Punish Interventionists"

Submitted by Tyler Durden on 01/25/2013

"Regardless of what the markets do near-term, a correction is overdue," Marc Faber tells Bloomberg TV's Betty Liu. From discussing Europe's 'apparent' stabilization - "anything can go up when you print money"; to US equity exuberance - "a correction is overdue and February is a seasonally weak month"; Faber sees no change from Geithner's handover to Lew as he opines: "The only thing I know is one day the markets will punish the interventionists, the Keynesians and the monetary policy that the Federal Reserve and ECB has enforced because the markets will be more powerful one day. How will this look like? Will the bond market collapse or equity markets become a bubble, which would be embarrassing for the Fed's sake if the U.S. market became a gigantic bubble and at the same time the economy does not recover." { We’ve never, in the entire history of economics, finance, markets seen the disconnect from economic/financial reality and fundamentals as pronounced and as great as now. The reality of modern-day computer programs/algos/frauds at lightning computerized speed and sheer desperation on fraudulent wall street whose ever larger protected frauds are literally cheered by failed american leadership at every level. Right now, though contraindicated, the superstitious January effect is in play and manipulated to meet faux bullish expectations. Then too, without doubt, what will be their excuse to not ‘sell in May and go away’ which really should be the mantra at present, now, beyond the hot air, smoke and mirrors, fraud and b***s*** we’re once again seeing in large measure, encouraged and received with ebulliently poised irrational exuberance on wall street and in washington. Remember the ralleys in sympathy with Apple exuberance, all of which we now know to have had a foundation of little more than ‘apple sauce’. Total b***s***! What’s the next b***s*** story/sizzling fraud? The ‘money’ being cashed out by these frauds has to come from someplace (the real economy) and has already found a way into understated/underreported inflation rates (for a multiple of staples including food prices), lower margins through higher costs thereby manipulated somewhat by currency manipulations, all of which will be ‘coming due’ in a very big way to the downside, reality-based blowout around the corner. }

Visualizing The Euphoria

Submitted by Tyler Durden on 01/25/2013

Drip...drip...drip... day by day, stocks leak higher, gradually inching up to record nominal highs; credit yields compress to record lows (and spreads near record pre-crisis tights); and volatility compresses (realized and implied) to near all-time-record lows. We have discussed the positioning of the market (S&P 500 futures at their net longest since 2007), crowded nature (JPY Shorts and NKY Longs), and sentiment (AAII Bulls near record highs). But, it is Credit Suisse indicator of risk appetite that should be worrisome for most investors. With Credit Risk Appetite well beyond any previous record high and Global Risk Appetite at its highest since 2006, perhaps it is time to consider the hedging discussion we had yesterday? With the euphoria dramatically dislocated from fundamentals and empirical world wealth trough-to-peak moves indicating a turning point, the lack of bearish arguments is deafening.

Weekly Bull/Bear Recap: Jan. 21-25, 2013

Submitted by Tyler Durden on 01/25/2013

This objective report concisely summarizes important macro events over the past week.  It is not geared to push an agenda.  Impartiality is necessary to avoid costly psychological traps, which all investors are prone to, such as confirmation, conservatism, and endowment biases. 

Bob Shiller's Healthy Dose Of Skepticism

Submitted by Tyler Durden on 01/25/2013

In a week dominated by prognosticators pointing reflexively to a nominal price index flashing green on their TV as indication that all is well in the world, Bob Shiller provides some much-needed healthy skepticism on not just the state of the housing market but the broad economy itself. While Bloomberg TV's Tom Keene presses his short-term anchoring-biased view of a world heading for much better growth and a US housing recovery that will seemingly save us all; Shiller warns we have seen this before (in 2009's housing market) and that the housing decline could go on. When Keene tries to translate the market's performance into economic performance expectations, Shiller responds "you are talking to wrong man." From the fact that we should be growing super-normally now to return to 'normal' market conditions to his view of many more years to go in this stagnation, four minutes of Shiller's historical prescience is the perfect foil to the tick-watching talking-heads exuberance (especially in light of today's dismal new home sales).

Second Consecutive Week Of Outflows From US Equities

Submitted by Tyler Durden on 01/25/2013

It is funny what one finds when one actually looks at the data behind the headlines, such as in this case the trumpeted amazing return of investors to the US stock market. Because what one does find is that after that one blistering week after the new year, in which wealthy individuals dumped cash they had put aside (for lack of knowledge of what the dividend tax would be in 2013), we now have, for the second week in a row, seen a material outflow from US equity funds as tracked by Lipper, bringing the total two week outflow from the domestic equity sector to some $5.8 billion. Oh, and the great non-rotation out bonds continues with some $8.5 billion pumped into taxable bond funds and $2.3 billion into municipal bonds in the past two weeks.

Frontrunning: January 25

Submitted by Tyler Durden on 01/25/2013

Fed Pushes Into ‘Uncharted Territory’ With Record Assets (BBG)

Next up in the currency wars: Korea - Samsung Drops on $2.8 Billion Won Profit-Cut Prediction (BBG)

China Warns ‘Hot Money’ Inflows Possible on Easing From Abroad (Bloomberg)

BOJ Shirakawa affirms easy policy pledge but warns of costs (Reuters)

Merkel Takes a Swipe at Japan Over Yen (WSJ)

Wages in way of Abe’s war on deflation (FT)

Italian PM under fire over bank crisis (FT)

Senior officials urge calm over islands dispute (China Daily)

Spain tries to peel back business rules (FT)

Rifts Over Cyprus Bailout Feed Broader Fears (WSJ)

Soros Says the Euro Is Here to Stay as Currency War Looms (BBG)

RANsquawk EU Market Re-Cap - 25th January 2013

Submitted by RANSquawk Video on 01/25/2013

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

1-24-13 Dave’s Daily: http://www.etfdigest.com ‘APPLE’S STILL OVER-OWNED? 1-24-13 (and over-loved!) Most news away from Apple was positive. China’s Mfg PMI rose to 51.9 vs 51.5 (best in 2 years); Europe’s PMI rose to 48.2 vs 47.02 (still below 50 but rising); and, U.S. Jobless Claims fell (330K vs 360K expected & prior 335K). Superficially this looks great but little mentioned was during the first week of January 365.8K people lost their benefits and fell of the rolls. This means the unemployment rate should decline but the participation rate and numbers of people working won’t look good—but, algos don’t look under the hood too much. Also Flash PMI spiked to 56.1 vs 54 previously and Leading Indicators rose (.5% vs .4% expected & prior 0.0%). Lastly Leading Indicators also rose (.5% vs .4% expected & prior 0.00%) and the little noticed Kansas City Fed Mfg Index fell (-2 vs 2 expected & prior -1) which is only notable since its negative reading jives with NY, Richmond and Philly Fed reading.Overseas markets were doing well until North Korea threatened another nuclear bomb test.With little fanfare the Fed announces its balance sheet is now in excess of $3 trillion. Let that swirl around in your brain.Earnings from Netflix (NFLX) allowed the stock to explode 40% even as the company will only breakeven in the next quarter. This likely was the short squeeze from hell in addition to some irrational enthusiasm. Energy (XLE) sectors were higher led by bigger name DJIA components like (XOM) and (CVX).Risk assets like gold (GLD) and other metals remain out of favor as investors seek alpha via stocks. The dollar (UUP) was flat and bond (TLT) prices weakened as stocks rose.Apple (AAPL) earnings caused a heavy sell-off in stocks as iPhone sales and margins remain under pressure. Apple’s outsized weighting negatively affected tech (XLK) and (QQQ) dragging these sectors lower. I’ve pointed out for some time that Apple was, by a long shot, the largest holding of hedge funds as of September 2012. Many mutual funds and pension plans held the stock as a “must own”. The inevitable margin squeeze from competition is the final shoe to drop. In China the most popular device is from China Wireless where its Coolpad sells for $100.Financials (XLF), transports (IYT) and select retail (XRT) sectors led markets higher despite Apple giving the market a flat tire.Volume overall did pick up on Thursday in two-way action. Breadth per the WSJ was mildly positive…’

30 Population Control Quotes That Show That The Elite Truly Believe That Humans Are A Plague Upon The Earth

http://thetruthwins.com

http://albertpeia.com/humanplagueonearth.htm

{ It really doesn’t matter what they believe; but rather, it’s what is, that counts. Anyone with average intelligence or better, if they’ve been paying attention, ineluctably must conclude that humans are a ‘net negative’ in real terms. That will never change! Human beings are, on balance, inherently destructive. Fortunately, universally, there is no significant impact inasmuch as the human plague is confined to this solar system; and, for all intents and purposes, to this dying planet. Remember, there’s just decades left at best! }

29 Signs That The Elite Are Transforming Society Into A Total Domination Control Grid

http://thetruthwins.com

http://albertpeia.com/dominationcontrolgrid.htm

{ First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently, primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. }

[ 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said:

The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing

http://albertpeia.com/planetalreadyruined.htm ]

The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die

http://thetruthwins.com

http://albertpeia.com/allfornaught.htm

[ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

Fed's Balance Sheet Tops $3 Trillion, But...

Submitted by Tyler Durden on 01/24/2013

that's not true. The Fed's balance sheet, from a transaction basis, topped $3 trillion some 5-6 weeks ago. The only reason the Fed reported a $3 trillion number in today's H.4.1, or $3.013,333 trillion to be precise, is because all those MBS purchased in September and October following the September 13 reactivation of QE4EVA finally settled. In reality, the Fed's balance sheet is now some $3.12 trillion as there is about a $80-$120 billion lag between what the Fed has actually purchased, and what has settled. Luckily, at least Treasury purchases take far less to settle.

Blow-Off Top? Or Just Another Run-Stop? AAPL 12% Drop!

Submitted by Tyler Durden on 01/24/2013

Updated for the summary of MSFT, SBUX and T earnings.

Amid the deafening screams of hundreds of hedge fund managers looking for any hedging port in an AAPL storm, stock indices (expect the Nasdaq) surged to new highs from the moment the US day-session began until POMO was complete and European markets closed. Volume and block size was large as we took out S&P 500 highs up to 1500 and it appeared we ran out of the short-term proverbial great fool. In general, risk-assets and stocks were well correlated though the big disconnect today was a rising VIX. HY Credit did not play along with the exuberance early on either - as it seemed relatively clear that any and every trick in the book was being used to enable more out of the AAPL boat as we ramped up to VWAP. Once Europe had closed, AAPL slid, stocks slid (with S&P 500 dropping its most of 2013 so far), and risk-assets in general slid lower. JPY weakness and EUR strength helped support risk but Treasury yields falling back and a drop in commodities overall (Gold -0.9% on the week) had the opposite effect. The typical late-day ramp failed despite the best efforts of vol compression as stocks closed almost unch, at VWAP, in line with risk-assets (ahead of tomorrow's LTRO news). AAPL at lows as ramp failed...

Gallup Poll: Americans Most Negative On the Nation And Economy In 30 Years

Submitted by Tyler Durden on 01/24/2013

We guess Americans just haven’t heard of a little something called the stock market.  Isn’t that right Bernanke?  Wasn’t the stock market rally you engineered supposed to make everyone feel all nice and confident?  Well the great middle class squeeze continues, as the stock market is for the 1% what food stamps are for the poor.  They are just strategies to keep these groups apathetic and obedient.  The middle class isn’t buying it though, as is evidenced by this recent Gallup Poll conducted January 7-10, 2013.

Will The Super Goldman Mario Brothers Succeed In Covering Up The Latest Italian Bailout Scandal?

Submitted by Tyler Durden on 01/24/2013

Just when the Super Goldman Mario Bros (Monti and Draghi) told us everything is fine in Europe, and it is not only safe but encouraged to get back in the pool, the first canary of 2013 just died.

S&P 500 Futures Suffer Biggest Down Swing Of 2013

Submitted by Tyler Durden on 01/24/2013

From the highs this morning as European markets closed, S&P 500 futures have plunged 11.5 points. Doesn't sound like much - but this is in fact the largest intraday swing of 2013...Keep calm and BTFD.

Insurers To White House: Delay ObamaCare Or Risk "Chaos"

Submitted by Tyler Durden on 01/24/2013

With eight months left until million of Americans are supposed to begin shopping at online markets created by the Obamacare 'tax' law, the insurance industry is concerned at the government's lack of readiness. Bloomberg reports that Jim Donelon, the head of the National Association of Insurance Commissioners, suggested that President Obama may need to delay the implementation of the health-care overhaul or "risk chaos" when the subsidized plans go on sale later this year. While it is clear that the administration has shown no sign of seeking a delay, Donelon notes that "...to rush into implementation before it's ready would not be in the President's best interest."

Guest Post: The Road To Debt-Serfdom

Submitted by Tyler Durden on 01/25/2013

Ours is a dysfunctional debt-based Empire that buys the complicity of its debt-serfs with entitlement bread and circuses. The road to debt-serfdom is paved by the banks and enforced by the Central State. If there is any point that is lost on ideologues, Progressive and Conservative alike, it is this: the first-order servitude and second-order tyranny of debt-serfdom can only occur if the banks' power is extended and protected by an expansive Central State.

Gold Backed Bonds - An Alternative To European Austerity?

Submitted by Tyler Durden on 01/25/2013

The World Gold Council and leading academics and international think tanks believe that using a portion of a nation's gold reserves to back sovereign debt would lower sovereign debt yields and give some of the Eurozone's most distressed countries time to work on economic reform and recovery. According to research done by the World Gold Council using the European gold reserves as collateral for new sovereign debt issues would mean that without selling an ounce of gold, Eurozone countries could raise €413 billion. This is over 20% of Italy's and Portugal's two year borrowing requirements.  The move to back sovereign bonds with gold would lower sovereign debt yields, without increasing inflation, which would help to calm markets. This should give European countries some vital breathing space to work on economic reform and recovery. Some citizens would be concerned that there may be a risk that the sovereign nations who pledge their gold as collateral could ultimately end up losing their gold reserves to the ECB, or whoever the collateral of the gold reserves are pledged to, in the event of a default. Unlike currency debasement and the printing and electronic creation of money to buy sovereign debt, under schemes such as Draghi's “outright monetary transactions” (OMT), the use of gold as collateral would not create fiscal transfers between Eurozone members, long term inflation or currency devaluation risk.

Second Consecutive Week Of Outflows From US Equities

Submitted by Tyler Durden on 01/25/2013

It is funny what one finds when one actually looks at the data behind the headlines, such as in this case the trumpeted amazing return of investors to the US stock market. Because what one does find is that after that one blistering week after the new year, in which wealthy individuals dumped cash they had put aside (for lack of knowledge of what the dividend tax would be in 2013), we now have, for the second week in a row, seen a material outflow from US equity funds as tracked by Lipper, bringing the total two week outflow from the domestic equity sector to some $5.8 billion. Oh, and the great non-rotation out bonds continues with some $8.5 billion pumped into taxable bond funds and $2.3 billion into municipal bonds in the past two weeks.

Spot The 'Different This Time' Seasonal Fudging In Macro Data

Submitted by Tyler Durden on 01/24/2013

We have noted the odd cyclicality in macro data (and its leading effect on the market) and it seems Goldman Sachs has also noticed that something is different this time. For 15 years, the seasonal patterns in Goldman's macro index have been mild to totally negligible; but since 2009, something changed. As the chart below indicates, it really is different this time as the macro cycle has become extremely short and consistent (drop in H1, rise in H2) - and is evident not just top-down but bottom-up in payrolls and ISM for instance. Goldman expounds pages of statistical jiggery-pokery to show what we suspected - that this is not weather or seasonality effects, and is not just US (UK and Europe see same pattern of six month cycles); but appears driven by central-bank policy actions (which have been more concentrated in Q4/Q1). 2013 is playing out exactly as the last three years has - with a downdraft that is set to continue for the next few months - though they note that stability in oil prices this time (and recent expansion of easing efforts - Fed and BoJ) may shift the pattern. For now, it appears the macro cycle is becoming shorter and warrants concern as they are unable to find anything but 'reality' as a driver of this odd cyclical pattern as the real economy fades rapidly after each and every infusion of promises from the Central Banks.

And The Reason For Today's Five Years Initial Claims Low Is...

Submitted by Tyler Durden on 01/24/2013

... is not the economy, which as we pointed out earlier just crossed into "worst recovery ever" territory, or even actual layoff events. The reason is, as always when there is a massive "beat" in any US economic data, the same tried and true estimation magic out of the BLS appearing so conveniently at appropriate times, which estimated the claims numbers of 3 states, among which those of the most populous: California.

S&P 500 Crosses 1500

Submitted by Tyler Durden on 01/24/2013

If there was one day needing some truly epic distraction from the bloodbath of the world's most widely held stock (held by some 231 hedge funds as of September 30, and countless mutual and other plain vanilla funds), it was today. And sure enough, it came courtesy of the S&P, which "restored" confidence that 'all is well' after it just crossed 1500 for the first time since 2007. The only thing missing were balloons falling from the sky saying "all is well, keep calm, the NY Fed-Citadel fat trading pipe is working perfectly and will keep buying stuff as long as needed." It would appear the Long-AAPL, short S&P trade is in full unwind mode - and we note that trade size is large up here.

Chart Of The Day: Dandruff Time For The Nasdaq?

Submitted by Tyler Durden on 01/24/2013

With the world and his mum applauding day-after-day as the nominal price of the major equity indices push to either i) all-time highs, or ii) post-crisis highs; and any and every measure of 'fear' (e.g. volatility and credit spreads) is repressed to limit-zero; there is an annoying glitch in the new market-based reality that has become our barometer of how we feel. Since the 2009 lows, every new market high has been confirmed by the Nasdaq - until now that is - as the divergence between the tech-dominated 'new normal' index and the rampacious Dow Transports or Industrials (dominated by one or two names each and every day) has grown significantly. The worrying chart below, perhaps suggests that the broad Nasdaq index is about to begin the down leg of a major head-and-shoulders pattern - helped by none other than 'most-held' Apple. Are non-Nasdaq indices being driven by the hedge unwinds against this mega-holding?

It's Official: Worst. Recovery. EVER

Submitted by Tyler Durden on 01/24/2013

If there was any debate whether the Fed's policies have helped the economy or just the market (and specifically the Bernanke-targeted Russell 2000), the following two charts will end any and all debate. As the following chart from the St Louis Fed shows, as of the just completed quarter, US GDP "growth" since the "recovery" is now the worst in US history, having just dipped below the heretofore lowest on record.

Learning A Harsh Lesson

Submitted by Tyler Durden on 01/24/2013

The present is a time when things are in great confusion. We are creating money from nothing and yet enjoying the fruits of their labors. The economies in Europe and in Japan and America are worsening and yet yields for their sovereign debt are barely off all-time lows. The stock markets of the world, following the 2008/2009 financial crisis, are back at new highs. All of this has taken place because the world’s central banks, acting in concert, have pumped enough small pieces of paper into the fire to keep it burning long into the night and so all of the markets on the planet have been stoked with fuel. When the fundamentals of the markets are out of line with their performance then history teaches us that at some point rational behavior will cause a correction. It was just five years ago when the world learned a rather harsh lesson. It was a lesson that cost Americans 36% of their wealth.

Initial Jobless Claims Drop To Lowest Since January 2008 As 366K People Fall Off Extended Claims

Submitted by Tyler Durden on 01/24/2013

While it is unclear how many states' data the BLS had to estimate today, the weekly initial claims print was impressive, sliding even lower than last week, when it came at 335K, and refuting expectations of a rise to 355K, instead reversing and printing the lowest weekly number since January 2008: 330K. What is impressive is that the NSA number dropped by a whopping 120K in the past week, making one wonder how much of the ongoing moves are simply a seasonal adjustments mismatch (a question even Goldman asked last night). Perhaps just as curious is that a whopping 365,641 people dropped off Extended Claims in the first week of January, unclear if this had anything to do with the Fiscal Cliff can kicking: certainly a third of a million Americans suddenly stopped receiving weekly jobless claims benefits from Uncle Sam. The biggest news from this is that with so many people dropping out of the labor force, the January unemployment rate will truly plunge, which is precisely the red flag observed by traders, and is the reason why the market is not taking this news in stride. Remember - all it takes for the end of endless QE is a stable improvement in the labor pool. Could this be it? Of course not, but doubts are starting to emerge.

Frontrunning: January 24

Submitted by Tyler Durden on 01/24/2013

When the cash runs out: Nokia to Omit Dividend for First Time in 143 Years (BBG)

Passing Debt Bill, GOP Pledges End to Deficits (WSJ)

Japan logs record trade gap in 2012 as exports struggle (Reuters)

so naturally... Yen at 100 Per Dollar Endorsed by Japan Government’s Nishimura (BBG)

Japan rejects currency war fears (FT)

In Amenas attack brings global jihad home to Algeria (Reuters)

Investors grow cagey as Italy election nears (Reuters)

Mafia Victim’s Son Holds Key to Bersani Winning Key Region (BBG)

Bernanke Seen Pressing On With Stimulus Amid Debate on QE (BBG)

U.S. to lift ban on women in front-line combat jobs (Reuters)

Red flags revealed in filings of firm linked to Caterpillar fraud (Reuters)

Apple Sales Gain Slowest Since ’09 as Competition Climbs (BBG)

Spanish Jobless Rate Hits Record After Rajoy’s First Year (BBG)

North Korea Threatens Nuclear Test to Derail U.S. Policies (BBG)

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

1-23-13 Dave’s Daily: http://www.etfdigest.com ‘APPLE MISSES, IBM CARRIES THE DAY 1-23-13 Markets are quickly surpassing September 2012 highs not led so much by great earnings as by Fed liquidity and ZIRP. That’s about the size of things. Theoretically this action will continue until it can’t if good economic news will force interest rates to rise and the Fed to back off. Just imagine what would happen to our national interest expense if interest rates rose on this huge debt and deficits! Then the public and investors will take notice. In the meantime any stock market dips will be bought it seems steamrolling conventional technical indicators. Not that many noticed but Fed Minutes from 2007 have been released and it is well-noted if not ignored how inept Fed governors, including Bernanke, were in regards to the impending financial crisis. Most blew-off concerns about Bear Stearns, Countrywide and other troubles except for Fed Governor Richard Fisher. A quick summary is here with the conclusion of how little there really is in the way of transparency. Obviously, this is just a speed bump for today’s rally as today alone another $5.7 billion in bond buying took place. Markets are doing nothing in a small way as Netflix (NFLX) beat expectations (meaning the company will “breakeven” going forward) sending the stock soaring by nearly 25%. This is silly behavior. IBM’s trading and weighting Wednesday accounted for the “entire gain” in the DJIA. So, if you’re looking at your portfolio and didn’t see much movement it’s because you didn’t own IBM. Lagging sectors Wednesday included financials (XLF) and most consumer related sectors (XLP) and (XRT) for example. Important Apple’s (AAPL) earnings came in at $13.81 vs $13.84 which put the stock sharply lower initially. It appears that Apple is facing strong competition globally and China in particular as China Wireless is selling comparable devices for less than $100. I was waylaid today by outside appointments so this recap will be short. The dollar (UUP) ended flat despite a wide intraday range while gold (GLD) higher early fell. Commodities (DBC) were flat as most “risk assets” fell to advancing stocks. Bonds (TLT) were weaker with stocks rising. Volume remains ultra-light as SPY trades less than 100M shares again. Breadth per the WSJ was actually negative highlighting the IBM impact making the day misleading…’

Goldman Sachs Made $400 Million Betting On Food Prices In 2012 While Hundreds Of Millions Starved

http://theeconomiccollapseblog.com

http://albertpeia.com/squidfood.htm

Does China Plan To Establish “China Cities” And “Special Economic Zones” All Over America?

http://theeconomiccollapseblog.com

http://albertpeia.com/chinatowns.htm

25 Signs American Women Are Being Destroyed By The Sexual Revolution And Our Promiscuous Culture

http://endoftheamericandream.com

http://albertpeia.com/uspromiscuity.htm

{ I’ve included the following previous reference/link as a matter of disclosure and so as not to appear as a hypocrite in the context of this referenced subject: Drudgereport: STUDY: Girls As Young As 6 See Themselves As Sex Objects... { Wow! This is really quite alarming and bespeaks america’s new-found perverse, third-world uncivilized status, which is ‘picked up’ by kids who in some ways are smarter than given credit for with a vulnerable longing to please, be accepted in light of their powerless position in our ever more deteriorating society. For the record, personally, I’ve never had a virgin though I’ve been in a position to; that’s something I just don’t do. Never have, never wanted to, never would, never will! Moreover, with the prevalence of sick pedophiles and kiddie-porn, it’s not so surprising that kids might pick up on such abominable vibes. It is difficult to imagine that little girls could be the objects of such horror as, ie., Samantha Runnion ( who was kidnapped, sexually abused and strangled by a man who lured her from her front yard by telling her he had lost his dog. Her naked body was found the next day by a hiker in Cleveland National Forest, 50 miles southeast of Stanton.^[1] The autopsy revealed that she died from compression. A sample of the kidnapper's DNA was found under her fingernail. The suspect, a Lake Elsinore, California, man named Alejandro Avila, was convicted of first degree murder with special circumstances in May 2005. His DNA was found on Samantha's body, and her DNA was found in his car. He was arrested three days after the abduction. Avila had previously been to the condominium complex where Samantha lived, because his ex-girlfriend resided there and he had been previously acquitted of molesting her daughter and niece. On May 16, 2005, the jury recommended he receive the death penalty. On July 22, 2005, Avila was formally sentenced to death. He is incarcerated at San Quentin State Prison on death row ). As an aside, I’ve included the following for the record as well: Though I’ve had many consensual sexual liasons with many different female sexual partners (mid-hundreds) all of whom I liked, I’ve never, ever resorted to prostitutes. The accidental exceptions included two ‘call girls’; one having met at summer beach town bar matinee and who was ‘not working’ (as it turned out the reason being she was at the end of her menstrual cycle). The other at a grocery store with her daughter which made such in my mind, unlikely. As it turned out, both were ‘nymphomaniacs’ (which, truth be told, made for quite an exceptional sexual romp) and I simplistically inferred/surmised without dwelling on the subject that they probably expected they’d have inordinate amounts of sex anyway and might as well get paid for it – of course I didn’t nor was I asked to pay. The other incident I’m including here for the record concerned an absolutely beautiful (blonde hair, blue eyes, pretty, cute, perfectly built/proportioned – make no mistake, however, I like brunettes also) girl I met at a bar called ‘the Red Ranch’, later changed to ‘Harpoon Willy’s’. At closing, we immediately became amorous, near intimate to a point in my car with abrupt ‘resistance’ at the ‘crucial moments’. When I finally, ‘exasperated’, asked ‘what’s up’, she stated she had recently broken up with her boyfriend who had gone too far in the ‘sado-masochistic’ ritual behavior they were, and she still was into. I told her I wasn’t into it (I don’t connect sex with sado-masochism); never would, never did, never will. We talked for quite some time and she explained her ‘predisposition’ the (her perceived) consequence of her strict, puritanical upbringing and feelings of guilt concomitant with sexual activity requiring coincident punishment/pain when so engaged. I was busy with law school evenings, work full-time, and teaching at a local college part-time and parted ways without taking her number and never did see her again. }

Is There Such a Thing as The Perfect Trade?

January 23, 2013 http://gainspainscapital.com/

http://albertpeia.com/unperfecto.htm

Is China an Economic Miracle or Government Sponsored Fraud? Pt 2

January 23, 2013 http://gainspainscapital.com/

http://albertpeia.com/chinafraud.htm

Assistant Attorney General Breuer Gets DOJ Boot In "Untouchables" Aftermath

Submitted by Tyler Durden on 01/23/2013

Earlier today, we reported that "Assistant Attorney General Admits On TV That In The US Justice Does Not Apply To The Banks" when we commented on last night's PBS special "The Untouchables." Explicitly, we said that it was "Lenny Breuer who made it very clear that when it comes to the concept of justice the banks are and always have been "more equal" than others. He does so in such shocking clarity and enthusiasm that it is a miracle that this person is still employed by the US Department of Justice." As of minutes ago that is no longer the case as his employment contract has been torn up. The WaPo reports, that Lanny A. Breuer is leaving the Justice Department "after leading the agency’s efforts to clamp down on public corruption and financial fraud at the nation’s largest banks, according to several people familiar with the matter....It is not clear when Breuer intends to leave, nor what he plans to do once he departs, but it is certain that the prosecutor’s days in office are winding down, according to people who were not authorized to speak publicly about the matter."

Guest Post: Apparitions In The Fog

Submitted by Tyler Durden on 01/23/2013

After digesting the opinions of the shills, shysters and scam artists, I am ready to predict that I have no clue what will happen during 2013. The fog of uncertainty is engulfing the nation, making consumers hesitant to spend and businesses reluctant to hire or invest. Virtually all of the mainstream media, Wall Street banks and paid shill economists are in agreement that 2013 will see improvement in employment, housing, retail spending and, of course the only thing that matters to the ruling class, the stock market. Even among the alternative media, there seems to be a consensus that we will continue to muddle through and the day of reckoning is still a few years off. Those who are predicting improvements are either ignorant of history or are being paid to predict improvement, despite the overwhelming evidence of a worsening economic climate. The mainstream media pundits, fulfilling their assigned task of purveying feel good propaganda, use the 10% stock market gain in 2012 as proof of economic recovery. The facts prove otherwise... Every day more people are realizing the con-job being perpetuated by the owners of this country. Will the tipping point be reached in 2013? I don’t know. But the era of decisiveness and confrontation has arrived. The existing social order will be swept away. Are you prepared?

Surveying The Wreckage; AAPL Plummets To January 2012 Lows And Still Going

Submitted by Tyler Durden on 01/23/2013

AAPL's after-hours loss in market cap is greater than the market cap of one BlackRock, Starbucks, Target, Costco, or Nike. Down almost 9% from yesterday's close, AAPL is trading down to January 2012 levels (off 35% from its highs) and is now notably less capitalized than the entire European banking system. Of course, this has had serious consequences for the major indices that are trading after-hours (and futures). Futures traded down to the day-session lows before closing but QQQ are now trading at 6-day lows in after-hours...and as S&P futures reopen they are gapping down a little more.

AAPL Meets EPS, Misses Revenues, Fails To Impress With In Line iPhone Sales, Total Cash Grows To $137.1 Billion

Submitted by Tyler Durden on 01/23/2013

The most anticipated earnings release of the quarter has come and it has been a dud, at least judging by the market's expectations and its response. Because while EPS beats just barely (a far cry from the epic EPS beats of Steve Jobs days) coming at $13.81 on expectations of a $13.53 print, revenue outright missed, coming at $54.5 billion on expectations of a $54.9 billion Q1 2013 result. Furthermore, fears about profit margins were proven correct, with total gross profit coming in at $21.1 billion, which alas was 38.6% of revenue, well below the vaunted 40% threshold (as a reference margin was 44.7% a year ago, and 40.0% a quarter ago). And finally, the breakdown by components in the iPhone 5 release quarter was just, well, meh.

Netflix Beats, Guides Higher As Free Cash Flow Implodes

Submitted by Tyler Durden on 01/23/2013

One look at the headline numbers, and of course the short interest of Netflix, and one can see why the stock is being squeezed by nearly 30% after hours:

Q4 Revenue: $945 MM, Exp. $934 MM

Q4 EPS of $0.13, Exp. $(0.13)

Q4 domestic contribution margin 18.5%, up from 16.4% in Q3 and 10.9$ in Q4 2011

Total domestic subscribers 27.15 MM, paying subs: 25.47 MM

Forecasts 28.5MM-29.2MM domestic subscribers in Q1

Sees Q1 Revenues of $1.004 billion to $1.031 billion

Domestic DVD subs dropped from 8.61 to 8.22 while generating $254MM in revenue and $128MM in profit

In fact, all is either just a little bit better or much better if one looks at the projection set... until one looks at the actual Cash generated by the Business. Behold the Free Cash Flow as reported by the company... no, not AMZN, although it may well be its small cousin.

POMO Pump Rescues Stocks Again But Risk-Assets Fade

Submitted by Tyler Durden on 01/23/2013

In the old days, it was Fed via POMO to stocks; but given the new normal, now we have levered POMO to rescue us via vol compression and yet again - today saw risk-assets sliding all night (though admittedly only around 0.5% off highs) only to be rescued by a vol-compressing equity push that started the moment POMO finished. HY credit was tinkered with in the last hour to keep things afloat and of course AAPL soared into its earnings report. The debt-ceiling vote did little to maintain risk-on as CAD weakness (BoC holding off from rate hikes) pulled the USD higher, and hurt risk-on commodities - as Oil plunged on the day. Treasury yields continued to fall - entirely ignoring stocks once again - even though stocks caught down to risk early and ended at new five-year highs on the Dow (thanks almost entirely to IBM). So low volume in stocks (AAPL decent volume), low average trade size in S&P futures, and a disconnected equity market from bonds and FX once again... eyes down for an Apple full-house...

A Clinton Scorned - "What Difference Does It Make"

Submitted by Tyler Durden on 01/23/2013

Hell hath no fury... After an extensive 24,500 word hearing, it would appear we are not really any closer to knowing who knew what when and why we weren't told. However, while the invisible hand of the word-cloud fairy found it useful to highlight the words 'People', 'Think', and 'Know', perhaps it was Hilary's infuriated outburst (clip below) when pressed on what happened that sums it all up in her eyes: "What Difference Does It Make?" It seems that once again 'they' know what is best for us to know and not know... But perhaps the only relevant statement in the entire theatrical presentation was the following: "we don't have assets of any significance right now on the African continent. We're only building that up," which perhaps has something to do with this...

David Einhorn's Q4 Letter

Submitted by Tyler Durden on 01/23/

Two days ago we presented the complete hedge fund performance for 2012, in which it was clear that David Einhorn's Greenlight had a Q4 that did not go quite as expected, primarily as a result of AAPL plunging in the quarter, and his hated GMCR soaring, leaving his fund with a 8% return for the year (and -5% for the quarter), well below the general market and some of his far more vocal hedge fund peers. Those curious just what it is that caused this underperformance, here is the complete Greenlight Q4 letter discussing not only why Einhorn is doubling down in AAPL, why he still likes Marvell, Computer Sciences and Vodafone, as well as his continuing negative outlook on Iron ore, and the Yen. He closed out positions in WLP, MCO, DIA, ITX and PBI. In summary: "At quarter end, the largest disclosed long positions in the Partnerships were Apple, Cigna, General Motors, gold and Vodafone Group. The Partnerships had an average exposure of 114% long and 70% short."

Bank Of Italy Throws The Book At Monte Paschi For "Hiding Derviative Documents"

Submitted by Tyler Durden on 01/23/2013

As we reported previously, the stock of the oldest bank in the world, Italy's venerable Banca Monte Dei Paschi of Siena, was halted in early trade after plunging on news that the bank had engaged in not only the previously reported secret derivative transaction with Deustche Bank to hide losses before a prior government bailout, but yet another derivative transaction, this time with Nomura, signed three years ago and whose intention, ironically, was to reduce 2012 earnings by some €220 million.What the ultimate purpose of these deals was is still unclear and will likely become apparent eventually, however it will likely require the former Chairman of the bank, Giuseppe Mussari, who served as Chair from 2006 until April 2012, and who officially quit his post as Italy's top banking lobbyist after today's revelations, to testify. One person whom he may testify against is none other than current ECB head Mario Draghi, who just happened to be the head of the Bank of Italy from 2006 to 2011, or the entire period when Monte Paschi was engaging in what increasingly appears to have been fraudulent activity.But don't worry: just like in the US, nobody of signfiicance is about to go down for this "glitch" which is about to be blamed on some poor mid-level shmuck, and which nobody in the senior level management had any idea about, and certainly not the person who ultimately would have had to give the green light: the current head of the ECB.

Stocks Rise As House Kicks Debt Ceiling Can To May 19; IBM Accounts For 76 Of 73 Up Dow Jones Points

Submitted by Tyler Durden on 01/23/2013

No sooner had the House got its 212 votes to pass (with 109 Democrats voting against) the debt-ceiling extension "No Budget, No Pay" bill then Silver and US equities began to rise. At the same time, WTI started to crack lower. Now it is over to Harry Reid and the promised 'smooth sailing' through the Senate. As a reminder for all those ebullient Dow watchers, IBM's gains today account for 76 Dow points - which means the remaining 29 names of the Dow are -3 points! The brief risk-on rally is already fading...priced-in? or doesn't matter?

Webcast Of House Vote To Temporarily Suspend Debt Ceiling - UPDATE: Bill Adopted

Submitted by Tyler Durden on 01/23/2013

UPDATE: *HOUSE HAS ENOUGH VOTES FOR DEBT-LIMIT BILL; VOTE IS CONTINUING

The House is now debating the "No Budget, No Pay" Delay-and-Pray bill debt-ceiling-extension and is due to vote around 1230ET. As CSPAN notes, the deal would raise the government's current $16.4 trillion debt limit until May 19. In exchange, the House and Senate must pass a budget resolution by April 15 or place members' salaries in an escrow account until the chamber acts. The bluff-calling continues...

Money Cannot Buy Growth

Submitted by Tyler Durden on 01/23/2013

Since Alan Greenspan became the Fed chairman in 1987, there has been a policy consensus on the primary role and effectiveness of monetary policy in cushioning an economic downturn and kicking it back to growth. Fiscal policy, due to the political difficulties in making meaningful changes, was relegated to a minor role in economic management. Staving off crisis and reviving growth still dominate today's conversation. The prima facie evidence is that the experiment has failed. The dominant voice in policy discussions is advocating more of the same. When a medicine isn't working, it could be the wrong one or the dosage isn't sufficient. The world is trying the latter. But, if the medicine is really wrong, more and more of the same will kill the patient one day. The global economy was a debt bubble, functioning on China over-borrowing and investing and the West over-borrowing and consuming. The dynamic came to an end when the debt crises exposed debt levels in the West as too high. The last source of debt growth, the U.S. government, is coming to an end, too, as politics forces it to reduce the deficit. Trying to bring back yesterday through monetary growth will eventually bring inflation, not growth.

Assistant Attorney General Admits On TV That In The US Justice Does Not Apply To The Banks

Submitted by Tyler Durden on 01/23/2013

MARTIN SMITH: Is that really the job of a prosecutor, to worry about anything other than simply pursuing justice?

LANNY BREUER: Well, I think I am pursuing justice. And I think the entire responsibility of the department is to pursue justice. But in any given case, I think I and prosecutors around the country, being responsible, should speak to regulators, should speak to experts, because if I bring a case against institution A, and as a result of bringing that case, there’s some huge economic effect — if it creates a ripple effect so that suddenly, counterparties and other financial institutions or other companies that had nothing to do with this are affected badly — it’s a factor we need to know and understand.

IMF Cuts Global Growth, Sees 2013 European Recession

Submitted by Tyler Durden on 01/23/2013

As with every piece of potentially bad news in the here and now, the IMF provides some bone for bulls to gnaw on by offering hope that 2014 will be considerably better. What at first glance is a broad-based slashing of global growth outlooks for 2013 ends up being yet another hockey-stick expectation dangled out in front of the world's investors. With Europe now downgraded to a recession in 2013 (GDP -0.2%), we should not fear though as Olivier Blanchard adds that "If crisis risks do not materialize and financial conditions continue to improve, global growth could be stronger than projected," and sure enough 2014 is expected to herald a new era of growthiness (GDP +1.0%) for the troubled region. He does offer one note of reality that is critical - "Financial market optimism should not lead to policy complacency" - alas we fear that time has long gone. World Trade Volume expectations have been ratcheted lower with Brazil and Newly Industrialized Asia seeing the biggest downgrades to growth.

The Socialism Of Europe Has Arrived At Our Shores...

Submitted by Tyler Durden on 01/23/2013

I am sorry to tell you that whatever door that had been opened is now closed. America has turned the corner from the self-sufficiency of an individual to a new ideology for this country which is that incomes and life-styles should be equalized by taxes in the name of patriotism and for the greater good. The Socialism of much of Europe has arrived at our shores and spread from sea to shining sea and the safety net of decades past for our less fortunate citizens has been raised to a harmonization of social/governmental benefits regardless of hours worked or income earned. Stock markets rise, Treasury yields decrease, other bonds compress because there is no place off-world to invest money and it must be put somewhere. We are living in a fantasy world of the voters’ making and, I predict with some certainty, that we will all suffer the consequences of our decisions. The problem is extremely serious, answers are frustrating and aggravating and great care must now be exercised because this cliff is exceedingly steep.

China Narrowly Averts Credit Bubble Pop With Latest Government Bailout Of First Domestic Bond Default

Submitted by Tyler Durden on 01/23/2013

A Chinese solar firm which nearly produced the country's first domestic bond default will complete an interest payment on schedule after a local government intervened on its behalf. Investors say the latest instance of a government riding to the rescue of a troubled Chinese firm has led to moral hazard and inefficient credit allocation. In previous near-defaults, local governments had stepped in directly to arrange bailout funding. But as in past cases, the deal flouts legal notions of debt seniority by allowing one group of creditors - bondholders - to get paid in full, even as a pre-existing default remains un-cured. Analysts say the market does not effectively price in risk because investors assume the government will never allow a default.

New Study Shows: Food Fraud Soared 60% Last Year

Submitted by Tyler Durden on 01/23/2013

From 11-inch subways to under-quality coffee and from watered-down beer and fake beef, food fraud is on the rise. So what is food fraud anyway?  Well, it’s sort of what you would expect.  It’s when companies label food one way, but the truth turns out to be completely different.  I have been predicting an escalation in this trend for years, since it was obvious that as inflation led to increases in food prices, companies would resort to this type of behavior to keep margins inflated. So in their latest study, the non-profit food fraud detectives at the U.S. Pharmacopeial Convention (USP) show us the extent of this extremely dangerous trend.

Oldest Bank In The World Plunges, Halted As Chairman Resigns In Aftermath Of Latest Derivatives Fiasco

Submitted by Tyler Durden on 01/23/2013

Last week, following documentation from Deutsche Bank (and Nomura), it became clear that Italy's Monte Paschi (BMPS) bank (the oldest in the world) has engaged in derivatives with the German and Japanese banks in order to save itself during the financial crisis. The derivatives, according to Bloomberg, were done off-market and allowed the booking of large upfront gains which covered losses optically that the bank faced as European liquidity dried up completely - the offsetting 'losses' are now coming due. Today, amid growing outcry over the 'deal', the former head of BMPS has resigned. Bloomberg reports that Giuseppe Mussari, now Italy's top banking lobbyist, was the Chairman of BMPS during the derivative deal period. BMPS shares were halted after plunging dramatically as investors are still unclear of the extent of losses it faces on derivatives. If that was not enough chicanery, there is a twist in that none other than Mario Draghi, as Director of the Bank of Italy, would have had to vet Mussari (and his banks' regulated books) during this period - as BMPS accumulated what is obviously undocumented derivatives positions to intentionally obscure losses. Once again, years later, it seems the truth comes out - and of course we would expect no-one to go to jail - and the lying in Europe (then and now) continues unabated - as the reality of financial system health remains hidden from view.

Spanish Q4 GDP Declines At Fastest Pace Since 2009

Submitted by Tyler Durden on 01/23/2013

With the most recent Spanish economic data in retail sales, house prices, manufacturing, and bad loans all confirming depression-level activity, or lack thereof, there was just two major metrics still missing: GDP and employment. Today we got Q4 GDP, which declined 1.7% Y/Y, and 0.6% from Q3. This was the worst year over year deterioration in the overall economy since Q4 2009 when the country was reeling from the Lehman bankruptcy global aftershock. We just need to get the unemployment number, which will be well north of 26%, for the picture of how the country with the ECB-backstopped and thus soaring bond curve is truly doing.

Daily US Opening News And Market Re-Cap: January 23

Submitted by Tyler Durden on 01/23/2013

Heading into the North American open, equities are trading in minor negative territory, led lower by banks as markets look forward to the first LTRO repayment, as well as lingering concerns that losses from derivatives contracts by Monte Paschi (entered with Nomura) may undermine the lender’s earnings. Monte Paschi shares opened 8% lower and were halted by the exchange to prevent a further slide in share price. As a result, even though EUR/USD is trading higher and peripheral bond yield spread are tighter, Bunds are trading in minor positive territory. Of note, Spain’s Iberian neighbour Portugal opened books for its 2017 bond and books are said to be around EUR 10bln, with guidance at MS+395bps (down from original MS+410bps). EUR/USD has also benefited from the decision by the Portuguese Treasury to tap capital markets only a day after a successful placement by Spain yesterday. Looking elsewhere, even though USD/JPY has bounced off earlier lows, implied vols continue to trade heavy as option decay and re-positioning post the BoJ decision weighs on prices. So much so that R/R has slipped to Sep levels, but still favours bets on further JPY depreciation.

Frontrunning: January 23

Submitted by Tyler Durden on 01/23/2013

Doubt Greets Bank of Japan's Easing Shift (WSJ)

Japan hits back at currency critics (FT)

Japan upgrades economic view for first time in eight months (Australian) - only to lower them in a few months again

GOP critics get opportunity to grill Secretary Clinton on Benghazi (Hill)

Global economy set for ‘slow recovery’ (FT)

Obama to back short debt limit extension (FT)

Unfinished Luxury Tower Is Stark Reminder of Las Vegas’s Economic Reversal (NYT)

Draghi Says ‘Darkest Clouds’ Over Europe Have Subsided (BBG)

High-Speed Dustup Hits a Clubby Corner (WSJ)

U.S. Budget Discord Is Top Threat to Global Economy in Poll (BBG)

Sir Mervyn King says abandoning inflation target would be 'irresponsible' (Telegraph)

Spain Says It May Cover 13% of 2013 Funding in January (BBG)

1-22-13 Dave’s Daily: http://www.etfdigest.com ‘DIP BUYING 1-22-13 The markets are overbought but this can continue longer than one might expect. Perhaps dangerously, investor sentiment remains universally bullish. It’s still a QE dominated market as liquidity is pushing markets higher even as earnings overall remain uninspiring.For our part we took some profits Monday while the basic core of our main portfolio remains intact. On the downside Boeing (BA) continues to weaken with Dreamliner groundings and Caterpillar (CAT) is going to take a $580 million dollar charge after being hoodwinked by Chinese accountants—both held back industrial sector (XLI). Johnson & Johnson (JNJ) disappointed driving consumer staples (XLP). Travelers (TRV) reported good earnings which helped lift financial sector (XLF). Earnings from DuPont (DD), despite falling 70%, helped push the materials (XLB) sector higher. This is how QE trumps flat earnings.Google (GOOG) reported earnings after the close that cheered investors although revenues seemed to miss. IBM (IBM) reported earnings that slightly beat estimates. Both stocks were substantially higher in after hours trading.Economic news wasn’t inspiring as the Chicago Fed National Activity Index fell (.02 vs .28 expected & prior .10); Existing Home Sales fell missing estimates (4.94M vs 5.1M expected & prior revised lower from 5.05M to 4.99M easing the miss); and, the Richmond Fed Mfg Survey plunged (-12 vs 5 expected & prior 5). This disappointing data just stimulates bulls to thinking the Fed won’t take its foot off the gas pedal anytime soon. Domestically bank deposits in the 4th quarter soared to $433 billion per Nomura Securities.Overseas the German ZEW economic expectations index soared (31.5 vs 9.5 expected) and the Bank of England said it would be rejoining the money printing (QE) operations. This is stimulative to the ongoing “currency war”. And to make matters bleak, global unemployment per the International LabourOrganization’s Global Employment 2013 trend asserts unemployment nears 200 million. (That’s a lot of food stamps!)The dollar (UUP) was slightly weaker and gold (GLD) rose modestly. Commodities (DBC) were led higher by oil (USO) and natural gas stocks (FCG). Stocks are still moving higher glacially day by day on still light volume. Bonds (TLT) seemed well bid.As indicated volume once again was light and breadth per the WSJ was positive…’

The Sovereign Debt Bubble Will Continue To Expand Until – BANG – The System Implodes

http://theeconomiccollapseblog.com

http://albertpeia.com/sovereigndebtimplosion.htm

37 Statistics Which Show How Four Years Of Obama Have Wrecked The U.S. Economy

http://theeconomiccollapseblog.com

http://albertpeia.com/4yearsofobamawreckedus.htm

{ 1-20-13 I really must say, of all weekends to come down with this virulent, brutal strain of flu, this was it; perfect timing. GOD truly works in mysterious ways. I can feel the depths of nausea beyond that intellectually indicated by the swearing-in of nigger-monkey jiva (no, not java man, jiva) man for his new term. Quite separately, I’m constrained to comment that while I personally don’t trust the feds sufficiently to take the vaccine (infra), I truly can understand why some might (chance it). This was a brutal, painful, debilitating strain of flu wherein the persistent coughing ultimately gave rise to extreme pain when so doing. Though even worse than the last severe strain (LA gets them all, sooner or later), I now have immunity. It seems that each subsequent strain is more severe than the prior strain (and not just because of my increase of years) and I’m not yet quite sure as to why. And, given the proclivity of the government to make the populace/citizenry ever more dependent upon what is (clearly a fact lost on no one) an ever more incompetent, failed, and corrupt government, the inference that the same has as its genesis a recombinant form of virus brought to you by none other than the same desperate government, is eminently reasonable (preliminary ‘testing of the waters’ so to speak, surely to get worse). In fact, it’s a bit unsettling that this same strain of flu has a near simultaneous breakout nationwide. Moreover, from unconstitutional attempts to disarm the citizenry, to drones, to military maneuvers allegedly as anti-terror drills, etc., such a hypothesis seems hardly a stretch and upon reflection, quite probable. After all, there were pervasive domestic terrorist threats, unprecedented in a national election (but not at all uncommon for niggers wherever they are), by the typically uncivilized lawless niggers for riot and mayhem should obama be voted out of office as he deserved to be on his unequivocally failed record. Not a peep … from dhs, dc, etc., who are usually all over law-a-abiding citizens for no good reasons at all … despite the outrageousness of same. One just can’t any longer trust the u.s. government to do what’s right! Really! }

{ I will be expounding upon the ground-breakingly new, failed ‘management’ approach adopted by this failed administration; viz., management by exceptions. That’s right! Exceptions! Not management by objectives; but rather, management by exceptions. Forget laws, precedent, things that have worked for the vast majority; and, focus instead upon the exceptions as they fatefully crop up from time to time. As tragic as the Sandy Hook tragedy was, for wobama to reveal the failed mindset that’s failed america by managing by exceptions, he stated that he previously was not going to pursue gun control this term (there’s a plethora of greater priorities for this pervasively corrupt, defacto bankrupt nation), but now, because of this slaughter at the hands of the nutcase, he is. Or, revise all protocols for those who are or choose to be gay, or disregard the oath if an illegal immigrant wants to practice law, or don’t prosecute the biggest exceptionally huge wall street frauds because they are too big to fail/jail or donate mightily to political campaigns (MFGlobal/Corzine), etc., or whatever else for votes, etc., the list goes on and on. Yet, the obfuscations/frauds only mask the inevitably greater, deeper abyss to follow! Yes … there you have it … america’s new managerial approach/theory … on the road to perdition … MANAGEMENT BY EXCEPTIONS. Guaranteed not to work … for all but the exceptions (parenthetically, this topic of managing the exceptions as a separate managerial task without misdirecting managerial focus from central objectives was some years ago highlighted by the brilliant Peter Drucker)! }

Effective leadership is not about making speeches or being liked; leadership is defined by results not attributes.
Peter Drucker

Bill Gross Gets It { Gets what? Why is this surprising? With $4 trillion gone missing (still) at the ny fed, americans should not trust the ny fed. Germany’s move is totally rational. How can anyone trust fraudulent, thieving americans with their money or gold, particularly in the fraud capital of the world, new york city Michael Savage: Don't trust feds on flu shot...{ Or anything else, for that matter. Indeed, from my direct experience, the actions/inaction of the feds are geared toward making one reliant/dependent upon them (ie., food stamps, faux disability, unemployment comp extensions, ‘protection’ from rampant, blatant crime or not, etc., despite america’s defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence and venality. In fact, stepping back, I have seen first hand those siding with/benefiting from (and the encouraging of more crime), ie., RICO defendants et als, actually rewarded by the pervasively corrupt/defacto bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a combination of and tantamount to what is essentially hush money, bribes, etc.). Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless nation of marauders/thieves that no longer even remotely resembles what it purports to be and arguably once was. Replaying Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm Armed Robberies Spike Following Game... { Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

CONGRESSMAN WARNS OBAMA: IMPEACH YOU [ http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ]

White House readies 19 executive orders on guns... }

http://albertpeia.com/americagone.htm

These Popular Delusions Could Cost Investors Fortunes in 2013

January 21, 2013 http://gainspainscapital.com

http://albertpeia.com/costlydelusions.htm

America: This Is You - An Infographic

Submitted by Tyler Durden on 01/22/2013

Who are we, the people? The following 15 simple charts from the WSJ offer insight into Race, Demography, Attitudes, Sex (not a yes/no question), Politics, and Religion across the unified society called the USA.

David Cameron To Propose EU Referendum Tomorrow

Submitted by Tyler Durden on 01/22/2013

In a move that may cause some consternation in Europe due to its adverse implications for trade paterns in the continent, tomorrow British PM David Cameron will announce that he will propose a referendum on whether or not to stay in the European Union, a move that as the WSJ qualifies it "threatens to inhibit trade and cast a new shadow over the troubled bloc." That may be a slight exageration: the referendum would take place, if at all, before the end of the first half of the next Parliament, roughly by late 2017, after an election. Which means that if Cameron loses the election, it is a non-issue, just as it would be a non-issue of course if the UK public voted to stay: according to a survey of the British public late last week by pollsters YouGov showed 34% indicated they would vote to leave in a referendum, while 40% said they would vote to stay. A week earlier, 42% said they would opt out, compared with 36% preferring to remain. Obviously a volatile topic for the population.

Guest Post: The Real Housing Recovery Story

Submitted by Tyler Durden on 01/22/2013

The optimism over the housing recovery has gotten well ahead of the underlying fundamentals. While the belief was that the Government, and Fed's, interventions would ignite the housing market creating an self-perpetuating recovery in the economy - it did not turn out that way.  Today, these repeated intrusions are having a diminished rate of return and the risk now is that interest rates rise shutting potential homebuyers out of the market.  It is likely that in 2013 housing will begin to stabilize at historically low levels and the economic contribution will remain fairly weak.  The downside risk to that view is the impact of higher taxes, stagnant wage growth, re-defaults of the 6-million modifications and workouts, elevated defaults of underwater homeowners and a slowdown of speculative investment due to reduced profit margins.  While many hopes have been pinned on the 2012 stimulus fueled, China investing, and supply-deprived housing recovery as "the" driver of economic growth in 2013 - the data suggest that may be quite a bit of wishful thinking.

Boehner 'Back-Down' Or 'Battle-On' - Live Webcast

Submitted by Tyler Durden on 01/22/2013

UPDATE: He's now over an hour late.

Will the Speaker offer up a watered-down debt-ceiling can-kick extension breaking the spending-ceiling link or will he surprise investors and show some back-bone with a budget-contingent salary-withholding plan? Back-down or battle-on - that is the question. Due to speak at 5ET, let's get ready to grumble...

Trannies Suck Stocks Higher As Risk-Assets Flatline

Submitted by Tyler Durden on 01/22/2013

UPDATE: With GOOG and IBM earnings (details below), futures are pushing higher still after-hours

Lowish volume and low average trade size was all that was required to march stocks up to recent highs on the back of more VIX compression and vol term structure steepening. Today was one of the most-disconnected day in a while between equities (and vol) and the rest of the market with the USD practically unchanged, Treasury rates lower, and high-yield credit flat. Commodities pushed higher on the week with Silver outperforming (+1.2%) as Oil broke back above $96 and the Energy sector led stocks along with Utilities (safety?) and Materials. Tech was weak as AAPL plunged early on - only to recover back above VWAP into the close. The Dow Transports have been the corner-piece of this rally as it would appear AAPL's loss is rail-cars and airlines gains. Up 12 of the last 15 days and +19% in the last six weeks, we note the last time this index surged on this scale was in April 2010 (when we saw realized vol for the index also plunge to record lows such as we have now) - and this happened...

Google Revenue Ex-TAC Misses, EPS Beats, Cost-Per-Click Drops 6% Y/Y

Submitted by Tyler Durden on 01/22/2013 - 16:06

The algos have gone nuts after hours, but here are the numbers:

GOOGLE 4Q REV. EX TAC $11.34B, Exp. $12.36

GOOGLE 4Q AVERAGE COST-PER-CLICK FELL 6% VS YEAR AGO

GOOGLE 4Q EPS EX ITEMS $10.65, EST. $10.50

US Macro Turns Negative - Worst In Almost 5 Months

Submitted by Tyler Durden on 01/22/2013

While the trend has been your friend in US equities for the last few months; the trend in US Macro data has also been consistent - but negative over the last few weeks. Today, for the first time in almost five months (thanks to misses on existing homes and the Richmond Fed) the US Macro index turned negative. In the past this has marked the start of the market's realization that things are not just dipping but are cycling lower. This is also the weakest 'macro' start to a year since the crisis began - and seasonally is prone to become worse not better from here. It seems, however, that the only reality that is required for any prognosticator or commission-taker is that of nominal stock prices (as self-confirming bias creating data) - just as it was in late-2007.

US Taxpayers Pick Up Tab For US Military Missions In Mali "Assisting" The French

Submitted by Tyler Durden on 01/22/2013

As reported previously, not only are there currently US boots on the ground in the latest geopolitical "anti Al-Qaeda" snafu in Mali, but it turns out a US presence had been secretly in place for many months prior to the recent escalation in French-led hostilities against the western African nation. And while this would likely have opened up numerous media inquiries under any other administration, so far these has been zero interest as to just why the US is "assisting" the French in this latest military deployment of military forces outside of the US: after all, one of the biggest complaints about US spending is that so much of it goes for military purposes (ignoring that all the tax revenues can't even cover just the monthly entitlement spending of the nation). Perhaps one reason is that, at least to date, the general consensus was that since the French operation in Mali is spearheaded and organized by the French, it is also funded by them. As it turns out that is not the case. As Reuters reports, "The U.S. military has flown five C-17 cargo sorties into the Malian capital to help bring a French mechanized infantry unit into the fight against al Qaeda-affiliated militants in the north of the country, Pentagon officials said on Tuesday." But surely the French are paying for these sorties which are there only to help the French, right? Wrong. "Little said the United States had decided not to seek compensation or reimbursement from France for the flights." Luckily, the US is in such a healthy financial position it can afford to not only open one more front in the war against "Al Qaeda", but will sign for the French tab too. With Joe Sixpack's money of course.

And Now For Your Daily Dose Of Morning Sunshine With Marc Faber

Submitted by Tyler Durden on 01/22/2013

Just because it has been a while since the ponytailed Swiss pundit's cheerfulness graced these pages, here is a reminder that things can always be worse:

FABER: `I'M HYPER BEARISH, SOMETIMES WANT TO JUMP OUT WINDOW'

FABER: `PLACE FOR KEYNESIANS IS NORTH KOREA'

Dr. Gloom, Boom and Doom: consistent to the very end.

Frontrunning: January 22

Submitted by Tyler Durden on 01/22/2013

Geithner allegations beg Fed reform (Reuters)

BOJ Adopts Abe’s 2% Target in Commitment to End Deflation (BBG)

Bundesbank Head Cautions Japan (WSJ)

In speech, Obama pushes activist government and takes on far right (Reuters)

Atari’s U.S. Operations File for Chapter 11 Bankruptcy (BBG)

Israel goes to polls, set to re-elect Netanyahu (Reuters)

Apple May Face First Profit Drop in Decade as IPhone Slows (BBG)

EU states get blessing for financial trading tax (Reuters)

Indian Jeweler Becomes Billionaire as Gold Price Surges (BBG)

Europe Stocks Fall; Deutsche Bank Drops on Bafin Request (BBG)

Algeria vows to fight Qaeda after 38 workers killed (Reuters)

GS Yuasa Searched After Boeing 787s Are Grounded (BBG)

Slumping pigment demand eats into DuPont's profit (Reuters)

New York’s Charlie Rangel: Constitution is Something Dems Have to “Overcome”

Kurt Nimmo | Rangel was talking about the South’s widely held belief in the Second Amendment. Drudgereport: RANGEL: 'Some of the Southern Areas Have Cultures We Have to Overcome'... { The reality is that northern areas such as fraud capital of the world, national drain new york, have cultures we must overcome. After all, obama himself said rangel should resign with some dignity, not fully realizing that like chicago, and other northern areas, dignity is not required for federal, state, local government office or anything else for that matter. Just looking and acting like a nigger is sufficient! }

Prince Harry’s Mental Problem: Murdering Afghans is Like a Video Game

Kurt Nimmo | Captain Harry Wales compares violent occupation of Afghanistan to an Xbox game. Taliban: Prince (harry) has 'mental problem'... { Indeed he does! Well, what else is there to do but to run around the world killing people. After all, bastard son of Hewitt, he’s not too bright nor good at anything at all and he brits are known worldwide as such s**ts as they did in his own mum too. }

Taliban: Prince (harry) has 'mental problem'... { Indeed he does! Well, what else is there to do but to run around the world killing people. After all, bastard son of Hewitt, he’s not too bright nor good at anything at all and he brits are known worldwide as such s**ts as they did in his own mum too. }
Attenborough: Humans are plague on Earth...
Japanese minister: Let elderly people 'hurry up and die'... { With all japan’s luck with all things nuclear in the last half century, they probably won’t have to worry about that! }
Environmental advocate launches campaign to ban cats as pets... { In favor of dinosaur-remnant indigenous birds…what a dinosaur he is…how primitive! }
Post Office cuts threaten source of black jobs... { and source of the Post Office’s problems, in large part …takes two or three niggers to do the same work of one non-nigger, they are so lazy and unproductive. The niggers are also error prone, and don’t give a hoot that they are. ‘That Detroit workforce’ has done wonders for america’s auto industry. }
699 teleprompter speeches, 83 days of vacation...
REPORT: ALL HOSTAGES DEAD IN ALGERIA
RANGEL: 'Some of the Southern Areas Have Cultures We Have to Overcome'... { The reality is that northern areas such as fraud capital of the world, national drain new york, have cultures we must overcome. After all, obama himself said rangel should resign with some dignity, not fully realizing that like chicago, and other northern areas, dignity is not required for federal, state, local government office or anything else for that matter. Just looking and acting like a nigger is sufficient! }

Germany Starts a Central Bank Run JAN 17 - CHRISTIAN A. DEHAEMER
http://albertpeia.com/trustingamericainsanity.htm

The Bundesbank Starts a Run on Gold { Yes, indeed … upon greater reflection, a 7 year wait to repatriate German gold stored at u.s./new york fed, really is a cause for concern. The question is not only whether it’s there (I doubt it!), not only whether what’s there has been displaced (stolen) and supplanted with tungsten gold plate (at best); but, even assuming arguendo it is still there (doubtful), given the undeniable inherent american proclivity for fraud and theft, whether the thieving american frauds will interpose some spurious pretext to preclude if not exclude the possibility of return (the story of america’s foreign and domestic policies in a nutshell). One really has to wonder as to the soundness and rationality of Germany’s decision in answering, why fraudulent america and not the renown, trustworthy and reputable Swiss Banks for storing their gold. } Everything the Bundesbank does is close to perfection. The very fact that it is calling in its gold is monumental in terms of questioning the "full faith and credit" of the United States Treasury... Read More...

{ There isn’t anything about america that’s not ultimately, in the final analysis, totally fraudulent! }

What Do German Central Bankers Know That We Don’t?

January 16, 2013 http://gainspainscapital.com

http://albertpeia.com/germanydoesnottrustusfed.htm

{ This is a very wise, rational move by Germany which should be lost on no one. Indeed, by so doing, Germany will likely guarantee repatriation of real gold, and not tungsten gold plate. Realize that beyond the theft of $4 trillion still unaccounted for at the new york fed, there have been ever more brazened frauds within the ranks of the u.s. government and connected to the fed. The 360 tons of $100 dollar bills flown into Iraq and disappeared, huge wall street frauds in the trillions still extant and bailed out for the wall street perps by legislated FASB rule change, among many other schemes, scams, facilitated by lightning fast computerization have become both policy and modus operandi of the fed, u.s. government, and insider perps. }

It Will Take The Fed Seven Years To Deliver 300 Tons Of German Gold

…The amount of gold the Fed supposedly holds, is shown in yellow with a shade of tungsten. Why it will take the Fed 7 years to part with an amount of gold that is less than 5% of its total holdings is anyone's guess.

Bill Gross Gets It { Gets what? Why is this surprising? With $4 trillion gone missing (still) at the ny fed, americans should not trust the ny fed. Germany’s move is totally rational. How can anyone trust fraudulent, thieving americans with their money or gold, particularly in the fraud capital of the world, new york city Michael Savage: Don't trust feds on flu shot...{ Or anything else, for that matter. Indeed, from my direct experience, the actions/inaction of the feds are geared toward making one reliant/dependent upon them (ie., food stamps, faux disability, unemployment comp extensions, ‘protection’ from rampant, blatant crime or not, etc., despite america’s defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence and venality. In fact, stepping back, I have seen first hand those siding with/benefiting from (and the encouraging of more crime), ie., RICO defendants et als, actually rewarded by the pervasively corrupt/defacto bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a combination of and tantamount to what is essentially hush money, bribes, etc.). Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless nation of marauders/thieves that no longer even remotely resembles what it purports to be and arguably once was. Replaying Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm Armed Robberies Spike Following Game... { Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

CONGRESSMAN WARNS OBAMA: IMPEACH YOU [ http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ]

White House readies 19 executive orders on guns... }

http://albertpeia.com/americagone.htm

Federal Government Musings And Other Societal Observations

http://albertpeia.com/americatitsup.htm

A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN...

The unraveling of the Ponzi Burrito begins..

http://albertpeia.com/germangoldgone.htm

2007 Deja Vu As Goldman Sees $150 Oil By The Summer

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

1-18-13 Dave’s Daily: http://www.etfdigest.com ‘THE FED VS THE WORLD 1-18-13 Inside this massive building is a mega-Kinkos machine printing billions of dollars each day. ($4.77 billion just on Friday which by month’s end should total $85 billion.) These dollars are bombarding stock markets with fresh liquidity feeding bulls against all odds and logic.Our job is to go with this despite misgivings and all manner of poor news. As a strategist first and technician or timer second, we and most investors, must recognize the dynamic at work and adjust to it. Worrying about debt will be for another day and until its forced on politicians, bankers and markets. In the meantime, ain’t we got fun! And, until this money printing activity stops, this will be the underlying theme until either confidence in the activity is lost or bulls have to proceed without a net.Believe it or not there are pundits today discussing that retail sales increased .5% in November-December. Well, it’s the holidays and what would one expect?Other news like Consumer Sentiment plunged (71.3 vs 75 expected & prior 80.5) but not much was discussed about that.Intel (INTC) earnings were dreadful and the stock fell over 6%. Since this is an important stock, and its health is a sign of robust economic growth and demand, it’s hard to understand it can be so isolated. Also left on the ice-floes this week were two of the country’s largest banks, Citigroup and Bank of America. But with memories short bulls can quickly transition to General Electric (GE) and Morgan Stanley (MS) where earnings were well-received.The primary good news on the day was that China’s growth was better (7.9% vs 7.8% expected and prior 7.4%). This news helps Asia and emerging markets primarily where we have our largest exposure.Headline writers had the ability to spin more headlines as markets were now at their highest levels since December 2007. This is quite an accomplishment and just shows what printers ink can do. This commentary is deliberately short as what is written here is expressed or featured in every equity chart on the planet to one degree or another.Volume increased substantially on options expiration. Breadth per the WSJ was modestly positive…’

On The Constitution, Gun Rights, Criminal Bankers, and Silver JAN 18 - NICK HODGE http://www.wealthdaily.com Buy a Gun, Buy SilverThe Federal Reserve has never been an agent of the government; it is a creation of the bankers. You see, the government cannot control the banks because the banks control the government. Read More...

The Ticking Trillion Dollar Debt Bomb

January 17, 2013 http://gainspainscapital.com

http://albertpeia.com/trilliondollardebtbomb.htm

Do You Want To Scare A Baby Boomer?

http://theeconomiccollapseblog.com

http://albertpeia.com/boomers.htm

"Detonating The Japanese Debt Time Bomb" With Kyle Bass

Submitted by Tyler Durden on 01/18/2013

The hyper-correlation of Japanese stocks (Bass - The people that buying Japanese stocks, are picking up a dime in front of a bulldozer) and the JPY have led many to believe that Abe's miracle promise will be just the ticket to bring the nation's two-decade slump to an end - a 2% inflation target is all you need. However, in a brief CNBC interview, Kyle Bass explains that not only are 99.9% of people wrong about the crisis (explaining the critical aspect of the abrupt turn of twenty years of the 'procylicality of thought' - that deflation is the norm), but Abe's actions have actually brought forward the date of the "detonation of Japan's Debt Time Bomb. Bass goes on to discuss the US Housing stabilization, European stress, and China's economic opacity (and tensions with Japan), but leaves us with the clear and present danger in Japan that the clock has started on the qualitative shift in participants' minds that the situation is untenable (signs are already among the elite with recent JPY-extricating M&A deals) and "All of the components for this [bomb] to go off 'all of a sudden' are in place." Must watch.

Did Tim Geithner Leak Every Fed Announcement To The Banks?

Submitted by Tyler Durden on 01/18/2013

On August 17, 2007, the Fed's Board of Governors announced a key change to primary credit lending terms, whereby the discount rate was cut by 50 bp — to 5.75% from 6.25% — and the term of loans was extended from overnight to up to thirty days. This reduced the spread of the primary credit rate over the fed funds rate from 100 basis points to 50 basis points. News of the emergency measure was supposed to be kept secret from market participants as it was substantially market moving. It wasn't. And just when we thought our opinion of the outgoing Treasury Secretary and former NY Fed head Tim Geithner, whose TurboTax incompetence is now legendary, couldn't get lower, it got lower. Much lower.

Guest Post: The "Bloated" Bond Bubble

Submitted by Tyler Durden on 01/18/2013

The Fiscal Cliff theater was great 'off Broadway' drama, but the real show for traders took center stage Sunday December 16th in Japan. The curtain went up for the newly elected Prime Minister of Japan as the star actor in the unfolding global fiat currency drama. In the last 90 days the US, EU and now Japan have announced "unlimited", "Uncapped" monetary policy with UK's soon to be bank of England Governor, Carney indicating he wants inflation & growth targeting also when he assumes the reins. The goal has been to get interest REAL interest rates as low as possible, and the expected duration to be as long as possible. Market have reacted to this strategic and obvious debasement by stampeding, relentlessly into the Bond Market and creating a disturbing potentially destabilizing bond bubble. However, remember, Financial Repression is at work here and US Bond Yields and Interest Rates must be further reduced. We presently expect the 10 Year US Treasury Bill to eventually break below 1% and Equities will fall on the re-pricing of credit and risk, earnings revenue and margin issues and slowing real global growth.

Pictet On The Sudden Depreciation Of The Swiss Franc

Submitted by Tyler Durden on 01/18/2013

Following the recent fall of the Swiss franc against the euro, there were paradoxical comments on the opportunity on both moving the Swiss National Bank’s floor lower (say to 1.25 for example) or on abandoning it altogether (or moving it higher). We believe both options are very unlikely, at least in the coming months. Moving the floor lower would be a bad idea in our view. As we have seen, the extent of the franc’s overvaluation is quite debatable and the lower the floor, the quicker a monetary policy dilemma may emerge. Moreover, in the event renewed upward pressures on the franc occur once again, a lower floor may prove more costly in terms of FX interventions.

Doug Casey: "We Are Living In The Middle Of The Biggest Bubble In History."

Submitted by Tyler Durden on 01/18/2013

The recovery since the 2008 financial crisis is just an illusion created by the papering-over of our insolvency by central-bank printing. Doug Casey adds that the current state is akin to being "in the eye of the hurricane thanks to this 'cover'" and believes the printing which will ultimately lead to very high inflation once bank lending starts to pick up again. This excellent interview moves from Casey's view of a looming loss of confidence in the dollar (and the impact of mass repatriation) to what must the Keynesians be thinking as the "apparency of prosperity" remains all that we have to lift animal spirits. With an eye to gold (and non-western central banks behavior towards it as they realize "the USD is just an unsecured liability of a bankrupt government"), he evaluates the likelihood of a western economic collapse in 2013 and what that would imply for an implicit gold standard in the world. From Austrian economist Hans Herman-Hoppe's view of a post-Keynesian-crash era to his potential triggers for this collapse (such as gold-energy barter and non-dollar blocs), Casey succinctly reminds us that there is not just one asset-class bubble but that "we are living in the middle of the biggest bubble in history."

CruciVIXion

Submitted by Tyler Durden on 01/18/2013

The USD ends the week up over 0.6%, Treasury yields down 2-4bps, Silver up 4.6%, Oil 2%, and Gold 1.4%; but it is VIX that rules the waves of unreality this week as it collapsed from this morning's unchanged on the week, played catch down to stocks (from yesterday) and then led stocks on a vol steepening/compression extravaganza down to 12.31% - its lowest since June 2007 as the 'contingent' extension of the debt-limit appeared the initial trigger and nothing at all the secondary trigger. AAPL wavered below and tested up to $500 (amid very large average trade size) but was the distinct loser once again with size sellers as S&P 500 futures surged (yet agin inferring the unwind of the long-AAPL, short-ES trade continues). Once the fire was lit, there was no stopping the stop-chasing momo run in stocks as ES chased all the way up above the week's highs. VXX was crushed (as the curve also compressed) and high-yield credit and stocks tracked each other in the rampapalooza. Of course the moment the day-session close, ES cracked back lower but for now no one cares (ending up just 5 points in the S&P cash). Average trade size was high once again in the S&P as the USD, Bonds, and Stocks were bid.

Winning The Global Export Race

Submitted by Tyler Durden on 01/18/2013

It is no secret to anyone that as we said some 3 years ago, the world is now engaged in all out currency warfare whose sole goal is destroying one's own currency faster and more brutally than "the other guy" can. Because while devaluing one's currency is imperative in order to return to a viable debt load, about $40 trillion less than where it is now (as per BCG) by pushing monetary inflation upon one's people and inflating said debt away, just as important is to stimulate one's economy and exports which, all else equal, can only be done by making them cheaper to one's trading partners. It is, after all, a zero sum world. This is precisely the tug of war that the developed world is caught in currently, where every attempt is made to talk down one's currency, and when that fails, to dilute it by printing more of it (the Fed), to backstop it with collateral of every lower quality (the ECB, although in Europe's case it is more of an involuntary phenomenon), or just to talk, and talk, ant talk (Japan). Yet while every country with a self-respecting central bank (i.e., currency printer) hopes that they will be the ultimate winner of the currency debasement export race, what has become obvious over the past 30 years, is that when it comes to specializing in exports, there is just one true winner: a winner which is self-evident from the chart below.

RANsquawk Weekly Wrap - 18th January 2013

Submitted by RANSquawk Video on 01/18/2013

Guest Post: Fiscal Farce, Failure, Fantasy, & Fornication

Submitted by Tyler Durden on 01/18/2013

After witnessing the fighting of undeclared never ending wars, passage of freedom destroying legislation like the Patriot Act & NDAA, approval of pork barrel spending to the tune of hundreds of billions, rule by Executive Order, using ZIRP to extract hundreds of billions from senior citizen savers and give it to criminal Wall Street banks, forcing the American people at gunpoint to replenish the Wall Street banks with $700 billion after they had committed the greatest financial fraud in history, and a continuing trampling of the U.S. Constitution, the American people continue to remain willfully ignorant of the truth. The American Dream is dead. We’ve allowed a rich, privileged, elite few to achieve hegemony over our economic and political system with their control of the media and manipulation of our financial markets. They will collapse the country because they will never be satisfied with the amount of wealth and power they’ve accumulated. Their voracious greed will be their downfall.

What Was The Fed Thinking The Last Time Stocks Were Here?

Submitted by Tyler Durden on 01/18/2013

Sometimes it is useful to reflect back more than a nanosecond to check one's anchoring bias. With US equities back at 2007 levels, we thought it may be instructive to look at what the Fed was thinking - and what the FOMC was looking at - to be better able to judge their 'forecasts' now. To wit Q4 2007, FOMC... "Economic growth was solid in the third quarter, and strains in financial markets have eased somewhat on balance." The reflexivity of the use of market-based measures to preempt their actions is very clear from the presentation materials, as, just like now, there was falling current year EPS expectations but a phoenix-like resurrection due in 2008 based on analyst's expectations. Furthermore, the expectations for rate changes from Q4 2007 to Q4 2008 was remarkably modest (even as they had all the data on subprime delinquencies soaring and monolines collapsing) - and of course, turned out to be absolutely and utterly incorrect. And yet, we listen intently to every forecast word they utter?

Guest Post: 2008 Again?

Submitted by Tyler Durden on 01/18/2013

The so-called recovery is built on sand, and as stock markets climb and climb, and more traders and investors turn bullish, we come ever-closer to a new 2008-style collapse. Soaring markets, and soaring speculation. Big finance using loopholes to speculate bigger and harder. Mainstream financial journalists becoming more and more complacent about the “recovery”. We’ve been here before. Isn’t repeating the same behaviour and hoping for different results the very definition of insanity?

Frontrunning: January 18

Submitted by Tyler Durden on 01/18/2013

Foreign Hostages Die in Algeria’s Battle With Terrorists (Bloomberg)

The latest bank to soon join the currency wars: McCafferty Says BOE Must Keep Open Mind on New Policy Tools (Bloomberg)

US debt talks complicated by timing (FT)

BOJ eyes open-ended asset buying, agrees new inflation goal (Reuters)

AmEx Says U.S. Card Income Fell 42% as Loss Provisions Increased (BBG)

Call to raise age for US’s Medicare (FT)

Obama Promise to Raise Middle Class Living Already Seen in Peril (BBG)

China Exits Slowdown as Quarterly Growth Tops Forecasts (BBG) - actually, as new Politburo says to make it appear that way

Britain to drift out of European Union without reforms (Reuters)

Republicans weigh interim debt-limit hike (FT)

Abe's aide says Japan shouldn't fret if yen falls to 100 vs dlr (Reuters) ... and it was 90 just a few days ago

PBOC May Seek More Liquidity Operations (Dow Jones)

So Much For That "Record Inflow" Into Equity Funds - Domestic Equities See $4.2 Billion Outflow In Most Recent Week

Submitted by Tyler Durden on 01/18/2013

The most talked about story of the last week was undoubtedly the relentless chatter about that massive $18 billion in equity fund inflows as reported by Lipper (not ICI), which tracks primarily institutional and ETF flow of funds, and which, as we explained even before the Lipper data came out, was driven exclusively by a surge in bank deposits into the year end, to be recycled for risk investment purposes by the commercial banks' own prop desks. The details, however, were largely ignored by the mainstream media which took that inflow as an indication that the tide has finally turned and that the great rotation out of bonds into stocks is on. Turns out that just as we expected it was a year end calendar asset rebalancing. As Lipper reported earlier, the enthusiasm for US stocks appears to have abruptly ended, with a whopping $4.2 billion pumped out of domestic equities, offset by some $4.5 billion invested in non-domestic equities. The blended flow? Just $286 million going into equities. Now our math may be a little rusty, but $18 billion followed by $0.2 is not really indicative of an ongoing rotation out of bonds and into stocks, and is more indicative of a one-time, non-recurring event, just the opposite of all the Bank of America addbacks.

The Ticking Trillion Dollar Debt Bomb

zerohedge.com | Bottomline: the US debt situation is not going to be brought under control.

The Great Systemic Rig of 2012 is Ending

http://albertpeia.com/greatsystemicrigof2012ending.htm

Germany Starts a Central Bank Run JAN 17 - CHRISTIAN A. DEHAEMER
http://albertpeia.com/trustingamericainsanity.htm

The Bundesbank Starts a Run on Gold { Yes, indeed … upon greater reflection, a 7 year wait to repatriate German gold stored at u.s./new york fed, really is a cause for concern. The question is not only whether it’s there (I doubt it!), not only whether what’s there has been displaced (stolen) and supplanted with tungsten gold plate (at best); but, even assuming arguendo it is still there (doubtful), given the undeniable inherent american proclivity for fraud and theft, whether the thieving american frauds will interpose some spurious pretext to preclude if not exclude the possibility of return (the story of america’s foreign and domestic policies in a nutshell). One really has to wonder as to the soundness and rationality of Germany’s decision in answering, why fraudulent america and not the renown, trustworthy and reputable Swiss Banks for storing their gold. } Everything the Bundesbank does is close to perfection. The very fact that it is calling in its gold is monumental in terms of questioning the "full faith and credit" of the United States Treasury... Read More...

{ There isn’t anything about america that’s not ultimately, in the final analysis, totally fraudulent! }

What Do German Central Bankers Know That We Don’t?

January 16, 2013 http://gainspainscapital.com

http://albertpeia.com/germanydoesnottrustusfed.htm

{ This is a very wise, rational move by Germany which should be lost on no one. Indeed, by so doing, Germany will likely guarantee repatriation of real gold, and not tungsten gold plate. Realize that beyond the theft of $4 trillion still unaccounted for at the new york fed, there have been ever more brazened frauds within the ranks of the u.s. government and connected to the fed. The 360 tons of $100 dollar bills flown into Iraq and disappeared, huge wall street frauds in the trillions still extant and bailed out for the wall street perps by legislated FASB rule change, among many other schemes, scams, facilitated by lightning fast computerization have become both policy and modus operandi of the fed, u.s. government, and insider perps. }

It Will Take The Fed Seven Years To Deliver 300 Tons Of German Gold

…The amount of gold the Fed supposedly holds, is shown in yellow with a shade of tungsten. Why it will take the Fed 7 years to part with an amount of gold that is less than 5% of its total holdings is anyone's guess.

Bill Gross Gets It { Gets what? Why is this surprising? With $4 trillion gone missing (still) at the ny fed, americans should not trust the ny fed. Germany’s move is totally rational. How can anyone trust fraudulent, thieving americans with their money or gold, particularly in the fraud capital of the world, new york city Michael Savage: Don't trust feds on flu shot...{ Or anything else, for that matter. Indeed, from my direct experience, the actions/inaction of the feds are geared toward making one reliant/dependent upon them (ie., food stamps, faux disability, unemployment comp extensions, ‘protection’ from rampant, blatant crime or not, etc., despite america’s defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence and venality. In fact, stepping back, I have seen first hand those siding with/benefiting from (and the encouraging of more crime), ie., RICO defendants et als, actually rewarded by the pervasively corrupt/defacto bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a combination of and tantamount to what is essentially hush money, bribes, etc.). Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless nation of marauders/thieves that no longer even remotely resembles what it purports to be and arguably once was. Replaying Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm Armed Robberies Spike Following Game... { Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

CONGRESSMAN WARNS OBAMA: IMPEACH YOU [ http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ]

White House readies 19 executive orders on guns... }

http://albertpeia.com/americagone.htm

Federal Government Musings And Other Societal Observations

http://albertpeia.com/americatitsup.htm

A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN...

The unraveling of the Ponzi Burrito begins..

http://albertpeia.com/germangoldgone.htm

2007 Deja Vu As Goldman Sees $150 Oil By The Summer

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

1-17-13 Dave’s Daily: http://www.etfdigest.com ‘BULLS CHERRY PICKING DATA 1-17-13 My smarmy images are becoming Costanza “do the opposite” theme. And, along those lines we took off our leveraged long positions Thursday while maintaining the “core” unleveraged positions. We did this as a DeMark 13 count (sell to close trend exhaustion indicator) was shown on the daily SPX (S&P 500 Index). There’s little sense arguing with the tape. You could look at a miserable Philly Fed report (-5.8 vs .6 expected & prior 8.1) and conclude more economic contraction is on the way. But, wait, this must mean the Fed, which watches this report closely before their FOMC meetings, will assume more money printing is in order. Bulls deservedly liked Jobless Claims report (335K vs 372K expected & prior 371K) which blew away estimates but ignored details that this report was a Holiday-quirk. (Remember the algos just trade the headlines not the details.) Housing Starts were also very good (.954M vs .887M expected & prior .861M). Earnings news from Citigroup (C) and Bank of America (BAC) which most investors were anxiously awaiting both sucked and blowed, missing estimates badly. Those stocks along with closely associated financials (XLF) fell. There really has never been an enduring bull market without financials solidly in the mix; but, clearly we’re living in interesting times.Bulls just chose to ignore negative news and cherry-picked that which they liked. The dollar (UUP) was slightly weaker and gold (GLD) modestly higher. Commodities (DBC) rallied with higher Oil (USO) prices occasioned by declining inventories and the emerging African crisis (Mali and Algeria). Stocks were led higher across the board especially by homebuilders (ITB) and consumer discretionary (XLY) even as financials underperformed. Bonds (TLT) prices declined with the stock market boost. Volume was only modestly higher and still quite below even recent 3 month averages of 145M shares. Breadth per the WSJ was positive…’

The Great Systemic Rig of 2012 is Ending

January 17, 2013 http://gainspainscapital.com

http://albertpeia.com/greatsystemicrigof2012ending.htm

Germany Starts a Central Bank Run JAN 17 - CHRISTIAN A. DEHAEMER
http://albertpeia.com/trustingamericainsanity.htm

The Bundesbank Starts a Run on Gold { Yes, indeed … upon greater reflection, a 7 year wait to repatriate German gold stored at u.s./new york fed, really is a cause for concern. The question is not only whether it’s there (I doubt it!), not only whether what’s there has been displaced (stolen) and supplanted with tungsten gold plate (at best); but, even assuming arguendo it is still there (doubtful), given the undeniable inherent american proclivity for fraud and theft, whether the thieving american frauds will interpose some spurious pretext to preclude if not exclude the possibility of return (the story of america’s foreign and domestic policies in a nutshell). One really has to wonder as to the soundness and rationality of Germany’s decision in answering, why fraudulent america and not the renown, trustworthy and reputable Swiss Banks for storing their gold. } Everything the Bundesbank does is close to perfection. The very fact that it is calling in its gold is monumental in terms of questioning the "full faith and credit" of the United States Treasury... Read More...

{ There isn’t anything about america that’s not ultimately, in the final analysis, totally fraudulent! }

What Do German Central Bankers Know That We Don’t?

January 16, 2013 http://gainspainscapital.com

http://albertpeia.com/germanydoesnottrustusfed.htm

{ This is a very wise, rational move by Germany which should be lost on no one. Indeed, by so doing, Germany will likely guarantee repatriation of real gold, and not tungsten gold plate. Realize that beyond the theft of $4 trillion still unaccounted for at the new york fed, there have been ever more brazened frauds within the ranks of the u.s. government and connected to the fed. The 360 tons of $100 dollar bills flown into Iraq and disappeared, huge wall street frauds in the trillions still extant and bailed out for the wall street perps by legislated FASB rule change, among many other schemes, scams, facilitated by lightning fast computerization have become both policy and modus operandi of the fed, u.s. government, and insider perps. }

It Will Take The Fed Seven Years To Deliver 300 Tons Of German Gold

…The amount of gold the Fed supposedly holds, is shown in yellow with a shade of tungsten. Why it will take the Fed 7 years to part with an amount of gold that is less than 5% of its total holdings is anyone's guess.

Bill Gross Gets It { Gets what? Why is this surprising? With $4 trillion gone missing (still) at the ny fed, americans should not trust the ny fed. Germany’s move is totally rational. How can anyone trust fraudulent, thieving americans with their money or gold, particularly in the fraud capital of the world, new york city Michael Savage: Don't trust feds on flu shot...{ Or anything else, for that matter. Indeed, from my direct experience, the actions/inaction of the feds are geared toward making one reliant/dependent upon them (ie., food stamps, faux disability, unemployment comp extensions, ‘protection’ from rampant, blatant crime or not, etc., despite america’s defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence and venality. In fact, stepping back, I have seen first hand those siding with/benefiting from (and the encouraging of more crime), ie., RICO defendants et als, actually rewarded by the pervasively corrupt/defacto bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a combination of and tantamount to what is essentially hush money, bribes, etc.). Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless nation of marauders/thieves that no longer even remotely resembles what it purports to be and arguably once was. Replaying Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm Armed Robberies Spike Following Game... { Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

CONGRESSMAN WARNS OBAMA: IMPEACH YOU [ http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ]

White House readies 19 executive orders on guns... }

http://albertpeia.com/americagone.htm

What Are You Paying For? JAN 16 - ADAM ENGLISH Pros are Getting Paid to Underperform Ignore their hype. Managed funds are terrible. You're better off on your own and here is why... Read More...

Federal Government Musings And Other Societal Observations

Posted by: CalibratedConfidence

Post date: 01/17/2013

http://albertpeia.com/americatitsup.htm

A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN...

Posted by : williambanzai7

Post date: 01/17/2013

The unraveling of the Ponzi Burrito begins..

http://albertpeia.com/germangoldgone.htm

2007 Deja Vu As Goldman Sees $150 Oil By The Summer

Submitted by Tyler Durden on 01/17/2013

While Brent closed 2012 at around its average closing price for the year, suggesting some stability, rolling a front-month contract garnered returns over 10% underscoring Jeff Currie's (Goldman's chief commodity strategist) note that money can still be made in a low volatility environment. However, he does note the incredible divergence between near-record-high geopolitical risks and near record-low Brent crude volatility relative to stocks. The key is that while Currie expects the global oil to remain cyclically tight (inventories low in 2013-14), with a $105.50 average for WTI; in an interview earlier today in Frankfurt, he said he wouldn't be surprised "if we woke up in summer and [Brent] oil cost $150" per barrel.

Does This Look Like A Recovery?

Submitted by Tyler Durden on 01/17/2013

A few years ago back when I used to watch an occasional bit of television, I would always have an internal debate with myself: which was more funny– Comedy Central, or CNBC? It was always a toss-up. One channel has talking puppets. The other has Steven Colbert. Both are satires of our bizarre reality. These days it seems financial media has surged ahead in this contest, rolling out one expert guest after another to beat a steady drum that economic recovery has settled on terra firma. Now, I’m an optimistic guy... and there are plenty of good news stories around the world. But just looking at the numbers, it’s clear that there is a major disconnect between sentiment and reality. On one hand, western governments and mainstream media sources tell people that their economies are recovering and moving forward. Sentiment is high, confidence is growing. Unfortunately the data show a completely different story...

Goldman's Most 'Event-Risk-Prone' US Equities

Submitted by Tyler Durden on 01/17/2013

With the Dell LBO potentially heralding the renaissance of re-leveraging risk transfer from equity-holders to credit-holders, Goldman's screen among investment grade and high-yield companies attempts to uncover the names most likely to engage in shareholder-friendly (or more specifically bond-holder unfriendly) events. From quantitative screens on cashflow, leverage, and cash to stock 'cheapness', industry suitablity, and management reputation, the following 47 names warrant further attention (in both CDS and equity markets).

The "Big Three" Banks Are Gambling With $860 Billion In Deposits

Submitted by Tyler Durden on 01/17/2013

A week ago, when Wells Fargo unleashed the so far quite disappointing earnings season for commercial banks (connected hedge funds like Goldman Sachs excluded) we reported that the bank's deposits had risen to a record $176 billion over loans on its books. Today we conduct the same analysis for the other big two commercial banks: Wells Fargo and JPMorgan (we ignore Citi as it is still a partially nationalized disaster). The results are presented below, together with a rather stunning observation.

Dow Jones Closes Just Shy Of 5 Year High As Intel Beats EPS, Misses Revenue And Guides Lukewarm

Submitted by Tyler Durden on 01/17/2013

Stocks surged (apart from AAPL) gloriously out of their super-narrow recent range, driven by recycled JPY rumors and some potential 'give' by the Republicans, and the rest of the risk-on complex tracked higher with it. Treasury yields pinged back to higher on the week as the S&P took out recent highs amid a very large surge in average trade size - something that often marks a climax in trend. It seems the selling of vol has hit its short-term limit (as VIX flatlined in general today) and so FX and credit were the levers today. Gold and Silver also surged on the day as Oil popped on the growing tensions in Algeria. In a premature release, Intel exposed an EPS beat, revenue miss, and weak guidance which sent algos scurrying and the share price snapping up and down into the close (and falling after). The bottom-line seems to be that the BoJ joining the infinite print brigade (and some very mixed US macro data) was enough to break us out of a narrow range - but the VWAP reversion into the close appears anything but follow through for the next leg up - as trade size suggests short-term trend change.

You Wanted Inflation, You Got It: Japanese Gasoline Price Rises To Eight Month High

Submitted by Tyler Durden on 01/17/2013

When one thinks of open-ended, "inflation targeting" one usually thinks of soaring markets, at least in nominal terms, exploding central bank balance sheet, and happy central planners. What one usually does not think of, is, well, inflation targeting. Because while the shadow banking financial system, perfectly devoid of deposits, has for now provided a sufficient buffer from trillions of reserve injections from spreading into the broader economy of the US and Europe, and has primarily impacted stock markets as unsterilized liquidity injections are used by banks to bid stocks, Japan has been far less lucky in this regard. As it turns out, the massive slide in the Japanese Yen in the past 2 months on nothing but ongoing promises of open-ended action, something Europe has perfected, and the US most recently enacted, may have already achieved its goal of pushing inflation. only not to the desired 2% level, but about 50% higher. Luckily, it is for such trivial things that nobody really every needs, such as fuel and consumer products - just ask the BLS.

Guest Post: Misunderstanding Austerity, Stimulus and Demand

Submitted by Tyler Durden on 01/17/2013

Keynesian policy requires an expansionist Central State and Bank bent on imposing central planning on every level of the economy. Keynesians are natural partners with the neofeudal financial Aristocracy which benefits so enormously from Keynesian print-borrow-blow policies. The standard Keynesian cargo-cult analysis of our economic woes: 1. The problem is a lack of aggregate demand, i.e. people buying stuff and services; 2. As a result, the economy is running below capacity, i.e. economic output is below potential; 3. The solution is fiscal and monetary stimulus, i.e. the Central State borrowing and spending trillions on politically directed programs and the Federal Reserve printing and injecting trillions of "free money" dollars into the financial sector to boost borrowing and lending. The cargo-cult program has failed for a number of fundamental reasons. Let's illuminate these reasons with a few thought experiments.

The Frightening Truth Behind Bank Of America's "Earnings"

Submitted by Tyler Durden on 01/17/2013

Over a year ago we noted that when it comes to Bank of America "earnings", items which traditionally are classified as non-recurring, one-time: primarily litigation and mortgage related charges, have now become recurring, and all the time, courtesy of the worst M&A transaction of all time - the purchase of Countrywide and its horrifying mortgage book. Today, this is finally being appreciated by the market where even the pompom carriers have said that it is time to start ignoring the endless addbacks and focus on actual earnings. The same cheerleaders have also, finally, understood that the primary source of "profitability" at this lawsuit magnet of a company, is nothing other than the accounting trick known as loan loss reserve releases - not actual profits but merely bottom line adjustments whose purpose is to mitigate the impact of quarterly charge offs on loans gone horrible bad. Remember that Bank of America has some $908 billion in total consumer loans and leases, and every day hundreds of millions of these go 'bad' and ultimately have to be discharged, offset by "hopes" that the future will improve. This hits both the balance sheet and the P&L. So, if one steps back and ignores the non-recurring, one-time noise, what emerges? A truly frightening picture.

BoJ Joins ECB And Fed On Unlimited Print Train

Submitted by Tyler Durden on 01/17/2013

Just as some do not believe in Santa, Christine Lagarde appeared to comment that she does not believe in currency wars (or competitive devaluation) this morning but sure enough, just a few hours later, Reuters rumors that the BoJ is about to join the Fed and ECB on the open-ended infinite print train. Sure enough, JPY is dumping (breaking recent highs on a stop-run), stocks are responding in their correlated carry way, and precious metals are surging (Silver +4.6% on the week) as fiat floods the world. It appears 2013 is the years of last last resort as the G-20 meme seems to be "if we can't reflate now, then it's all over." What is perhaps remarkable about the equity response is that everyone has known for two months that Japan plans on implementing a 2% inflation target. The only question has been "how" - and that it is only logical that the BOJ would use 'whatever means everyone else has used' - today merely confirmed this - knee-jerk algo response or sell-the-news?

Biggest Philly Fed Miss In 7 Months Ignored As Fed Injects Reserves Via Repo

Submitted by Tyler Durden on 01/17/2013

A month ago we mocked the Philly Fed number which printed at an outlier level of 8.1, slamming expectations of a negative print, and sending algos into overbuydrive. A week ago we were validated when the annual revision brought that number down from 8.1 to 4.6. Today we get confirmation that the December print was a total farce, with a January Philly Fed print which is once again solidly in negative territory, or -5.8, which just happens to be the biggest miss to expectations of 5.6 in seven months. Yet while a month ago the huge beat was a reason for the robots to ramp stocks, today's miss is a reason to... ramp stocks even more. Why? Because moments before the disappointing announcement the Fed decided to inject even more liquidity in addition to the now daily unsterilized POMO, following the resumption of repos, which injected some $210 million in reserves into dealers. This is in addition to the $3 or so billion that today's POMO will add as stock purchasing dry powder for banks.

Chart Of The Day: Housing Starts Adjusted vs Unadjusted

Submitted by Tyler Durden on 01/17/2013

No commentary necessary.

Initial Claims Drop To 5-Year 'Old Normal' Lows On Seasonal Shenanigans

Submitted by Tyler Durden on 01/17/2013

Initial jobless claims saw their biggest beat in almost 4 years to the lowest absolute (seasonally adjusted level) in almost 5 years. The market's initial reaction was a shrug (is good bad now that the Fed is pinned to jobs or is the market getting wise in the ways of seasonal-adjustment shenanigans?) but now it appears to be buying the new 'old' normal (+6 points). In the unadjusted data, things look very different - with a lag, New York (37,189), Georgia (15,354), and North Carolina (13,606) saw major rises in initial claims with only Michigan (-12,536) seeing a decent drop in claims - as we note that non-seasonally-adjusted claims rose notably less than in the prior 4 years, and assuming seasonal-adjustments are triggered from those, this will reflect very rosily on today's seasonal adjustment. With Claims back to 'normal', what will the Fed do?

Citi Down 4% On Top- And Bottom-Line Miss

Submitted by Tyler Durden on 01/17/2013 - 08:21

While Citi's stock is getting hammered in the pre-market for missing both top- and bottom-lines, three things stand out to us at first glance. First, legal costs were well above expectations; second, they reduced their exposure to GIIPS  during Q4 - just when the rip-roaring rally in Europe really took off; and third, and more importantly, Citi did not take a huge loan loss reserve drawdown like every other bank.

*CITIGROUP 4Q REV. $18.66B, EST. $18.92B                  :C US

*CITIGROUP 4Q ADJ. EPS 69C WITH/WITHOUT ITEMS MISSES EST. 96C

*CITI 4Q GIIPS NET CURRENT FUNDED EXPOSURE $8.9B VS 3Q $9.5B

*CITIGROUP 4Q LOAN LOSS RESERVE RELEASE $86M VS $1.5B PRIOR YR

The question is, why would Citi not take advantage of the investing public's ignorance like every other bank and release more from loan-loss-reserves - have they maxed out their previous releases? or are they less exuberant at the housing un-recovery? (we note that 90-179-Day Delinquencies rose)

Frontrunning: January 17

Submitted by Tyler Durden on 01/17/2013 - 08:14

Obama's Gun Curbs Face a Slog in Congress (BBG)

Euro Area Seen Stalling as Draghi’s Pessimism Shared (BBG)

China Begins to Lose Edge as World's Factory Floor (WSJ)

EU Car Sales Slump (WSJ)

Fed Concerned About Overheated Markets Amid Record Bond-Buying (BBG)

Australia Posts Worst Back-to-Back Job Growth Since ’97 (BBG)

Abe Currency Policy Stokes Gaffe Risk as Amari Roils Yen (BBG)

Japan Opposition Party Won’t Back BOJ Officials for Governor (BBG)

Fed Reports Point to Subdued Economic Growth (WSJ)

China Set to Exit Slowdown by Boosting Infrastructure (BBG)

Greece not out of woods, must stick to reforms: finance minister (Reuters)

Russian Rate Debate Flares Up as Cabinet Seeks Growth (BBG)

Bank Of America Earnings Plagued By Legacy Countrywide Woes Offset By $900 Million In Loan Loss Reserve Releases

Submitted by Tyler Durden on 01/17/2013

Bank of America just reported yet another quarter marked by a bevy of "one-time" charges, which have now become normal course of business, even as NIM declined Y/Y, and sales and trading revenues declined sequentially. Loan loss reserve releases of $900 million more than offset the declining Noninterest income, and contributed to a positive pre-tax net income number. The biggest threat continue to be private Rep and Warrant outstanding claims which increased by almost 42 billion in the quarter to a total of $12.3 billion.

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

1-16-13 Dave’s Daily: http://www.etfdigest.com ‘MARKETS STILL IN SLOW MOTION 1-16-13 JP Morgan (JPM) earnings rose ($1.39 vs $1.16 estimates & revenues $24.38 vs $24.23 expected) while Goldman Sachs (GS) earnings were quite good ($5.60 vs $3.78 estimates & revenues $9.24 billion vs estimates of $7.91 billion). Other reports from insurer GenworthFinancial (GNW) and M&T Bank (MTB) were also positive in the financial (XLF) and bank sector (KBE).Losers included Chipotle Mexican Grill (CMG) on higher food costs and Boeing (BA) as the Dreamliner fleet was grounded in Japan. Apple (AAPL) got a boost from timer Tom DeMark who claimed the stock had hit bottom from his view.Economic data included: CPI (0.00% vs .1% expected & prior -.3% & core rate .1% vs .1% expected & prior .1%); Industrial Production (.3% vs .2% expected & prior 1.0%); Housing Market Index (47 vs 48 expected & prior 47) and the important Fed Beige Book showed little if any important economic growth. The employment component within the report was unchanged.Overseas China reported the first decline in Foreign Direct Investment for the first time since 2009. The World Bank cut its global economic forecast to 2.4% vs 3% and the German government lowered its growth forecast to .4% vs .7% previously. For the most part these forecasts are just catching-up with reality.  The Fed will use this and other data to determine future monetary policies at their next meeting ending January 30^th.So called “currency wars” are emerging globally as countries attempt to trash their own to remain trade competitive. But, there are potential negative consequences to doing so as noted here.The dollar (UUP) was slightly higher and so too was gold (GLD) once again. Stocks were led higher by tech on the Apple rally while financials (XLF) moved mostly sideways. Bonds (TLT) were once again higher as stocks appear out of oxygen after post fiscal cliff rally.Volume is still missing even as markets seem well-managed at high levels. Breadth per the WSJ was negative…’

50 Shocking Questions That You Should Ask To Anyone That Is Not A Prepper Yet

http://theeconomiccollapseblog.com

http://albertpeia.com/50shockingquestions.htm

What Do German Central Bankers Know That We Don’t?

January 16, 2013 http://gainspainscapital.com

http://albertpeia.com/germanydoesnottrustusfed.htm

{ This is a very wise, rational move by Germany which should be lost on no one. Indeed, by so doing, Germany will likely guarantee repatriation of real gold, and not tungsten gold plate. Realize that beyond the theft of $4 trillion still unaccounted for at the new york fed, there have been ever more brazened frauds within the ranks of the u.s. government and connected to the fed. The 360 tons of $100 dollar bills flown into Iraq and disappeared, huge wall street frauds in the trillions still extant and bailed out for the wall street perps by legislated FASB rule change, among many other schemes, scams, facilitated by lightning fast computerization have become both policy and modus operandi of the fed, u.s. government, and insider perps. }

It Will Take The Fed Seven Years To Deliver 300 Tons Of German Gold

Submitted by Tyler Durden on 01/16/2013

Tthe biggest news of the day comes from the official Buba announcement that, in its official capacity as a prudent central bank, it - as first of many - is looking to repatriate some 300 tons of gold from the New York Fed. That, however, is not today's news - that was Monday's news. What is news is that courtesy of the supplied calendar of events in the Buba statement, it will take the Fed some seven years to procure Germany's 300 tons of gold. This is the same Fed that, in its own words, holds some "216 million troy ounces of gold" or some 6720 tons, in its vault 80 feet below ground level. Putting the above in perspective, the amount of gold that Germany will have to wait 7 years for is shown in red. The amount of gold the Fed supposedly holds, is shown in yellow with a shade of tungsten. Why it will take the Fed 7 years to part with an amount of gold that is less than 5% of its total holdings is anyone's guess.

U.S. Government Claims – Just Like the Nazis – that the Truth Is Too Complicated and Dangerous to Disclose to the Public Posted by: George Washington Post date: 01/15/2013 - History Repeats ... http://albertpeia.com/usnaziapproach.htm

Escape from America

6 Places to Protect and Grow Your Wealth as US Spirals Out of Control

www.Sovereign-Investor.com

Coming Economic Collapse

18 Critical Items You Need To Prepare, Tomorrow May Be Too Late

WealthDaily.com/Economic_Collapse

14.9% Inflation in 2013?

Will the Value of the U.S. Dollar Decline in the Coming Months?

www.DailyWealth.com/Inflation

Drudgereport: PAPER: Time to start switching out of US assets...

13-year-old girls beat woman at bus stop 'for fun'... ( Uncivilized niggers, of course! )
Girl gang hails cab, then chokes, robs driver... ( Uncivilized niggers, of course! ){ CHICAGO (FOX 32 News) – ‘The Chicago Police Department has issued an alert in the 2nd District of Wentworth for several armed robberies that have occurred during the month of January.The offenders, described as six to seven African American females with a light completion between the ages of 16 and 20, enter cabs in the Loop. Upon arrival to their destinations on the South Side, one of the girl chokes the driver with a rope or cord, while another threatens the cab driver with a knife, demanding cash. Authorities say the group then jumps out of the cab… Read more: http://www.myfoxchicago.com/story/20546398/alert-group-of-girls-sought-armed-robbery-cab-drivers?obref=obinsite#ixzz2ICcZA7FJ }

Congressman Boasts Salary Requirements
’I Will NOT Be Silenced by a Congressman! He is the Georgia Representative you may remember from back in 2010, when he told Admiral Robert Willard he was worried too many troops stationed on the island of Guam would cause it to capsize... The actual quote is as follows: “My fear is that the whole island will become so overly populated that it will tip over and capsize.”… { Just another dumb, incompetent, glomming nigger! What a waste of money, time, and resources these incompetent, corrupt, venal federal slugs are! }

Fitch Threatens U.S. Credit Rating

The fiscal cliff failed to address the debt ceiling, and as the deadline draws closer, the U.S. credit rating is in danger.

It Will Take The Fed Seven Years To Deliver 300 Tons Of German Gold

Submitted by Tyler Durden on 01/16/2013

Tthe biggest news of the day comes from the official Buba announcement that, in its official capacity as a prudent central bank, it - as first of many - is looking to repatriate some 300 tons of gold from the New York Fed. That, however, is not today's news - that was Monday's news. What is news is that courtesy of the supplied calendar of events in the Buba statement, it will take the Fed some seven years to procure Germany's 300 tons of gold. This is the same Fed that, in its own words, holds some "216 million troy ounces of gold" or some 6720 tons, in its vault 80 feet below ground level. Putting the above in perspective, the amount of gold that Germany will have to wait 7 years for is shown in red. The amount of gold the Fed supposedly holds, is shown in yellow with a shade of tungsten. Why it will take the Fed 7 years to part with an amount of gold that is less than 5% of its total holdings is anyone's guess.

Guest Post: A Message To The 'Left' From A 'Right Wing Extremist'

Submitted by Tyler Durden on 01/16/2013

Some discoveries are exciting, joyful, and exhilarating, while others can be quite painful.  Stumbling upon the fact that you do not necessarily have a competent grasp of reality, that you have in fact been duped for most of your life, is not a pleasant experience. I came to see a dark side to the Democratic Party that had always been there but which I had refused to acknowledge.  During the rise of any despotic governmental structure, there is always a section of the population that is given special treatment, and made to feel as though they are “on the winning team”.  For now, it would appear that the “Left” side of the political spectrum has been chosen by the establishment as the favored sons and daughters of the restructured centralized U.S.  However, before those of you on the Left get too comfortable in your new position as the hand of globalization, I would like to appeal to you for a moment of unbiased consideration.  I know from personal experience that there are Democrats out there who are actually far more like we constitutionalists and “right wing extremists” than they may realize.  I ask that you take the following points into account, regardless of what the system decides to label us...

The Dream Is Over As FAA Grounds Nightmareliner

Submitted by Tyler Durden on 01/16/2013

The pain for Boeing never stops. Just out from Reuters:

U.S. FAA says requiring airlines to temporarily stop flying Boeing's 787 Dreamliner. #BREAKING

FAA: Battery failures on Boeing 787s could damage critical systems and structures, spark fire, if not corrected

FAA: Will work with Boeing, airlines to develop corrective action plan to resume 787 operations as "quickly and safely as possible"

FAA: Decision to ground Boeing 787s prompted by second incident involving lithium ion battery failure

FAA: Will also examine Boeing 787 batteries as part of comprehensive review announced last week

So, will Transportation Secretary Ray LaHood (i.e., the US government) perhaps reassess his conclusion from last week that the Dreamliner is "safe" or perhaps this too is just more teething problems... Or merely an ultra aggressive case of industrial sabotage from EADS? In other news, perhaps it is time to find a more appropriate name of the Dreamliner?

Complete The Following Sequence...

Submitted by Tyler Durden on 01/16/2013

Some have argued that the market is dead. They may be right, as the following sequence of S&P 500 closes from the past 5 days: 1472, 1472, 1471, 1472, 1473 ...suggests that V-Fib has set in among the equity indices. Perhaps, as the movie Flatliners noted "Some Lines [like SPX 1470] Shouldn't Be Crossed." Meanwhile the 10Y Treasury yield has slipped from 1.90% to 1.82% over the same period.

The Most Ridiculous Forecast You Will See In A While

Submitted by Tyler Durden on 01/16/2013

With Apple apparently building a lower-cost iPoor model and now accepting iLayaway payments, the question of margins is once again front-and-center. However, the market as a whole is in a world of its own in its consensus view of what US companies are capable of producing next year. As Morgan Stanley notes, 58% of firms are expected to raise their margins YoY through 2012, and then consensus sees a stunning (record-breaking) 76% of firms will raise margins in 2013. If that eye-watering buffoonery is not enough to raise some doubts at the market's implied ebullience, then a reminder that we have seen this divergence from GDP growth and margin growth before - as, simply put, the squeezing of costs to improve margins inevitably plays out down the chain (aggregate supply and demand lags) and increases the load on government as safety net living-standard-provider-of-last-resort. The bottom line is simple - margin expectations must fall and given the dour outlook for top-line growth in a stagnating global economy, that will expectations correction will drop straight to the bottom-line. Of course, prices will be nominally defended by a herd of talking heads expecting moar multiple expansion.

Another V-Shaped Stock Recovery - But Rates And Credit Ain't Buying It

Submitted by Tyler Durden on 01/16/2013

From last Friday, the S&P 500 had decoupled somewhat (trading in a 10 point range) from credit markets (which had widened notably) while spot VIX had caught up (and over-taken) stocks. Today saw HYG (the high-yield bond ETF) trade sideways to lower all day long, catching down to its credit derivative market cousins, as VXX was the lever of choice to ramp stocks to test the week's highs once again (and scratch a few more stops). However, while AAPL made it up to the lows of the last swing down amid thin volumes, the last hour saw mid-dated volatility being bought which pushed VXX higher and reverted it towards rates and credit un-exuberance. Treasuries ended the day green once again and the USD drifted higher (though most of FX traded in extremely tight ranges). Silver rose further, Gold trod water, and oil played some catch up to the precious metals. Tech outperformed (thanks to AAPL) but financials (apart from some early vol) did nothing - despite Mario Monti's call that "the crisis is over." Another low-range, low volume, mediocre trade size, close-near-the-open day in stocks with bonds bid - and futures fade after-hours.

Crossing Through The "X Date" - What Happens After The US "Default"?

Submitted by Tyler Durden on 01/16/2013

Call it "X Date", call it "D(elinquent/efault)-Day", call it what you will: it is simply the day past which the US government will no longer be able to rely on "extraordinary measure" to delay the day of reckoning, and will be unable to pay all its bills without recourse to additional debt. It is not the day when the US defaults, at least not defaults on its debt. It will begin "defaulting" on various financial obligations, such as not paying due bills on time and in full, but since this is something Europe's periphery has been doing for years, it is hardly catastrophic. It will hardly be pleasant, however, as some 40% of government obligations go unfunded, and the US is converted to a walking, talking bankruptcy as unsecured claimants rush to demand priority, as the market, long living on hope and prayer, realizes that only now is it truly without a cliff under its feet, and most importantly, as suddenly $500 billion in maturing debt between February 15 and March 1 finds itself in a very, very precarious position.

Yet Another Long-Term Mean Reversion Chart

Submitted by Tyler Durden on 01/16/2013

As the S&P 500 pulls within a few percentage points of its nominal all-time highs, despite macro-uncertainty and micro-delusion, perhaps (as UBS' Peter Lee notes) a longer-term perspective is warranted. For over 80 years, the S&P 500 (or its proxy) has cyclically reverted to it its logarithmic trend-line growth. The last time the market pulled away from this bullish up-trend was in 1982 (and the previous period of cyclical reversion took 32 years from 1942 to 1974) and suggests the S&P 500 could well revert to around an 850 level within the next year or so. Perhaps Lee (the anti-thesis of JPM's Tom Lee) needs to read some Birinyi to really understand how to extrapolate? Still, an 80-plus year trend-line perhaps offers some color.

All Aboard The Gold Repatriation Train: First Germany, Next: The Netherlands?

Submitted by Tyler Durden on 01/16/2013

While moustachioed managers, contrary to the far better insight of their superiors, and mainstream spivs are trying to talk down Germany's somewhat stunning shift in thinking - i.e. to repatriate its gold - as nothing but political pandering (or cost-saving); it seems, just as we predicted, the rest of the world are seeing this crack-in-the-confidence-armor the same way we have suggested. As we noted here, the first party to defect from the prisoner's dilemma of all the bulk of global gold being held by the Fed, defects best (then the second, or even the third perhaps) and sure enough, via RTL, we see the Dutch CDA party has requested that Holland's gold supply be repatriated. Who next?

1-15-13 Dave’s Daily: http://www.etfdigest.com ‘BANK EARNINGS IN SPOTLIGHT 1-15-13 It’s rare to see markets in such a slow crawl higher or lower. The recently higher trend is levitating on very little volume. It will take some positive earnings news from S&P 500 heavily weighted financial companies like banks (KBE) and (XLF) to either fire up bulls or take us back down with disappointments. Wednesday, JP Morgan (JPM) and Goldman Sachs (GS) will offer their reports. Some analysts have sharply lowered expectations which may allow for earnings beats while others still expect disappointments. With financials moving above even long term levels of resistance, these reports will be much watched. Apple (AAPL) continues its descent as the psychologically important $500 level fell and with a near 20% weighting on tech indexes (QQQ) (XLK) the sector was pulled lower. You can consider the absence of new gadgets in 2013 (that we know of) and soft supplier data a cause. In my mind the stock was just overowned. The average of street analysts’ price targets is $728. Well the holidays are just 11 months away. Below is a table from Zero Hedge showing hedge fund ownership of Apple as of September 2012 quarter end. It was all downhill from there.

http://albertpeia.com/daveschart11513.gif

Economic data Tuesday featured the following: Retail Sales depending on your view climbed (.5% vs .2% expected & prior .3%. ex-Autos & Gas .6% vs .5% expected & prior .7%); Empire State Mfg Survey was still weak (-7.78 vs 0.00 expected & prior -8); and, PPI was lower (-.2% vs -.1% exp & prior -.8%: ex-food & energy .1% vs .2% exp & prior .1%) The dollar (UUP) was stronger but oddly so too was gold (GLD). With the latter there was some rumblings as to why the German Bundesbank would want to take physical possession of its gold from the NY Fed. The old joke with Swiss banks is they, as transactions were made, would just move the metal from one side of the vault (seller) to the other (buyer). Those carts were on wheels naturally. Bernanke also got gold going higher with remarks at the U of Michigan basically saying unemployment is improvement but is too slow as is the economy while inflation is tame. (As long as they calculate unemployment without including those falling off the roles and inflation calculated as they do, then he’s right.) Commodities (DBC) overall were mixed as oil (USO) fell while grains (JJG) were higher. Bonds (TLT) rallied.  Volume remains frustratingly light as if all traders left the floor and didn’t turn out the lights. Breadth per the WSJ was modestly positive…’

35 Statistics About The Working Poor In America That Will Blow Your Mind

http://theeconomiccollapseblog.com

http://albertpeia.com/35statsusworkingpoor.htm

Bill Gross Gets It { Gets what? Why is this surprising? With $4 trillion gone missing (still) at the ny fed, americans should not trust the ny fed. Germany’s move is totally rational. How can anyone trust fraudulent, thieving americans with their money or gold, particularly in the fraud capital of the world, new york city Michael Savage: Don't trust feds on flu shot...{ Or anything else, for that matter. Indeed, from my direct experience, the actions/inaction of the feds are geared toward making one reliant/dependent upon them (ie., food stamps, faux disability, unemployment comp extensions, ‘protection’ from rampant, blatant crime or not, etc., despite america’s defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence and venality. In fact, stepping back, I have seen first hand those siding with/benefiting from (and the encouraging of more crime), ie., RICO defendants et als, actually rewarded by the pervasively corrupt/defacto bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a combination of and tantamount to what is essentially hush money, bribes, etc.). Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless nation of marauders/thieves that no longer even remotely resembles what it purports to be and arguably once was. Replaying Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm Armed Robberies Spike Following Game... { Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

CONGRESSMAN WARNS OBAMA: IMPEACH YOU [ http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ]

White House readies 19 executive orders on guns... }

Submitted by Tyler Durden on 01/15/2013

Gross: Report claims Germany moving gold from NY/Paris back to Frankfurt. Central banks don’t trust each other?

America's 'Invisible' Poor - An Infographic

Submitted by Tyler Durden on 01/15/2013

Are more and more people in the western world dropping off the radar and becoming the invisible poor or is the opposite happening?  We are always interested in looking at the financial health of real people. We noted earlier that an astounding 46 million Americans are officially below the poverty line (That's $23,050/year for a family of four according to the official sources). That number really caught PaydayLoan.co.uk's eye and as such they decided to do a little more digging to help put some more facts and figures around it. The below is an excellent visualization of the results they came up with. Conservative MP Norman Tebbit when responding to a question on unemployment noted "I grew up in the 30's with an unemployed father. He didn't riot. He got on his bike and looked for work, and he kept looking 'til he found it." Are the American (and possibly other western populations) poor really in this mess because they are lazy (27% of Americans think so) or is it because they don't have the right work ethic (49% of Americans think this is all it would take!)?

An Analytic Framework For 2013

Submitted by Tyler Durden on 01/15/2013

In one sentence, during 2013, we expect imbalances to grow. These imbalances are the US fiscal and trade deficits, the fiscal deficits of the members of the European Monetary Union (EMU) and the unemployment rate of the EMU thanks to a stronger Euro. By now, it should be clear that the rally in equities is not the reflection of upcoming economic growth. Paraphrasing Shakespeare, economic growth "should be made of sterner stuff". Many analysts rightly focus on the political fragility of the framework. The uncertainty over the US debt ceiling negotiations and the fact that prices today do not reflect anything else but the probability of a bid or lack thereof by a central bank makes politics relevant. Should the European Central Bank finally engage in Open Monetary Transactions, the importance of politics would be fully visible. However, unemployment is 'the' fundamental underlying factor in this story and we do not think it will fall. In the long term, financial repression, including zero-interest rate policies, simply hurts investment demand and productivity.

One Year Of Tax Hikes On The Rich Is Promptly Spent As $60 Billion Sandy Relief Aid Bill Passes

Submitted by Tyler Durden on 01/15/2013

After more than two months of political grandstanding, finally the $60 billion pork-laden Sandy relief aid bill has passed through the House in a 241-180 vote (with 1 democrat and 179 republicans voting no), with the vote passing courtesy of just 49 republicans who voted with the democrats. The reminder objected in protest "against a bill that many conservatives say is too big and provides funding for things other than immediate relief for New York, New Jersey and Connecticut" Politico reports. Specifically, the House approved a $50 billion relief bill, after several hours of contentious debate in which scores of Republicans tried unsuccessfully to cut the size of the bill and offset a portion of it with spending cuts. $9.7 billion had been already voted on January 4th for a flood insurance lending facility.The biggest winner today? Chris Christie whose anti-Boehner soapbox rant drama two weeks ago may have been just the breaking straw that forced the passage of this porkulus bill.

Exposing Europe's "Syphilitic Structural Core" With MEP Daniel Hannan

Submitted by Tyler Durden on 01/15/2013

In an impassioned 80 seconds, MEP Daniel Hannan exposes the structurally rotten "syphilitic core" of a European Union whose existential crisis has now seemingly been pronounced 'over' by those wondrous self-denying members of the European elite. "There is an extraordinary denial going on," the eloquent Englishman expounds as he notes that they still "haven't addressed the fundamental problem," of 'applying a single monetary policy to countries with widely divergent conditions and means' leaving unemployment rising and growth stagnating. He notes that the crisis in one respect is over, the moment of decision of taking one of two paths, is indeed over - and "the squaller, the wretchedness, the unemployment and poverty have now become structural."

Platinum Overtakes Gold As South African Mining Problems Return

Submitted by Tyler Durden on 01/15/2013

In some ways it is lucky that the platinum coin nonsense is dead and buried because there may have been certain procurement issues. The reason, as was the case late in 2012, is that the South African mining situation is once again rapidly unraveling, despite hopes by third parties that recent wage compromises between employers and unions had managed to leave striking workers and mining companies at a tense but cordial  impasse. However, as was easily predictable, following the substantial wage hike demanded by miners to end strikes, what resulted was perfectly expected: a collapse in profits. And now Anglo American Platinum has no choice but to shutter a variety of facilities and fire workers outright in order to restore the pre-riot profitability. From AP: "The world's largest platinum producer said Tuesday it will close some operations, sell one mine in South Africa and cut 14,000 jobs. Anglo American Platinum said a nearly yearlong review found that four mine shafts needed to be closed and one mine sold because of unprofitable operations. The government's minister of mines and the National Union of Mineworkers, NUM, expressed surprise and shock at the announcement." 

Deutsche's Bullish For 2013 Despite These 6 Huge Downside Risks

Submitted by Tyler Durden on 01/15/2013

In their view, 2013 will likely mark the dawn of the post-crisis era, but it seems the premise for Deutsche's somewhat ebullient 2013 outlook (below) is that central-bankers remain on standby to counter any and all negative risks. Despite the brinksmanship, politicians will act to prevent systemic collapse and while structural long-term issues such as high debts across the developed world and unbalanced growth models in emerging economies remain unsettled, Deutsche argues that 2013 could be a year of stabilization after years of crisis-fighting. The following presentation is broad-based and lays out a "don't fight the central banker" meme perfectly; however, the six key downside risks (from China NPLs to European political unrest) that they highlight (but gloss over in their somewhat Pollyanna-ish way), should at least - in our humble opinion - raise some concerns about the bimodal distribution of outcomes that await risk assets in 2013.

Presenting The Working Poor Of America

Submitted by Tyler Durden on 01/15/2013

Much has been made of the slow but steady 'improvement' in the unemployment data we are treated to on a weekly and monthly basis from the hallowed eves of the BLS. Just as much has been written on the ugly under-belly of this apparent improvement with the work-force becoming dominated by older workers forced to stay in jobs for longer and an increasing downshift in the kind of jobs available and taken. To wit, Reuters cites a report from the The Working Poor Families Project that highlights the surprising levels of poverty so many Americans find themselves in. The number of low-income 'working' families has increased three straight years - and now stands at over 10.2million, with more than 46 million people living in low-income families. "Although many people are returning to work, they are often taking jobs with lower wages and less job security, compared with the middle-class jobs they held before the economic downturn," which means that nearly one in three working families in the United States is struggling to meet basic needs. Although they are often overlooked, the number of low-income working families has been increasing steadily, resulting in a shrinking middle class and challenging a fundamental assumption that in America, work pays - as we have pointed out before (at these levels, it simply doesn't thanks to the benefit availability).

Jim Grant: Heads Bankers Win, Tails Taxpayers Lose

Submitted by Tyler Durden on 01/15/2013

Interest Rate Observer, Jim Grant, played an important role as explainer-in-chief in the forthcoming movie "The Bubble" - a documentary that interviews the experts that predicted the 2008 crash and asks what happens next. The brief interview embedded below provides a smorgasbord of Grant's thoughts on topics from Fannie and Freddie as government-sponsored titanic hedge funds, his concerns at the unintended consequence of the debt-sustaining mortgage interest deduction, why MBS are not the root of all evil, and how the federal government is socializing risk for bankers. As usual, the ever-so-erudite Grant sums it all up superbly: "American bankers, based on the experience of 2007-8-9, don't know much about banking, but there's one institution that knows still less and that institution is the United States Congress." Adding that the past two or three years have all been about the unintended consequences of federal "spending, promising, and intervening" in finance and banking to delay a day of reckoning, Grant believes a correction is coming but again warns (in as succinct an eleven-word-sentence about our real world as we have seen recently), that "Bankers get the upside and we - the taxpayers - get the downside."

Stocks And Bonds Bid As AAPL Catches Down To Nasdaq

Submitted by Tyler Durden on 01/15/2013

From the start of 2012, AAPL was the beta-transforming game in town. Fund after fund claimed their stock-picking excellence when really, they were just running a higher beta fund being overweight AAPL. Today saw that come to an end (for now). AAPL and Nasdaq have recoupled (both +19.5% from 12/30/11) as the former fell to 11-month lows. One thing is clear, given strength in the indices today, everyone and their mom appeared to be in the long AAPL, short index trade isolating their performance. S&P 500 futures pushed inexorably higher all afternoon (even as bonds rallied, and the USD went bid on Juncker's verbal intervention) - testing unchanged on the week. From soon after this morning's POMO, US equities disconnected almost entirely from the rest of risk assets. Gold and Silver rose, Oil and copper slid, HY Credit snapped lower and recovered in the afternoon as the VIX term structure yawns ever wider across the debt-ceiling deadline, CHF was offered all day, and the short-term T-Bill curve is now inverted (stressed) across the debt-ceiling deadline.

R.I.P. Retirement: 28% Of Americans Are Raiding Their 401k Plans

Submitted by Tyler Durden on 01/15/2013

This trend has been in place since the financial crisis, but the fact that it is accelerating is extremely disconcerting.  First off, this is not the kind of behavior that should be witnessed in an “economic recovery.”  Second, we need to remember the huge percentage of Americans on food stamps and/or disability.  As we have discussed previously, many of them also have jobs.  So essentially, a wage and a check from the government is still not enough to survive.  They still need to tap into a loan from their 401k plans.

Liestrong

Submitted by Tyler Durden on 01/15/2013

We realize the subject matter is about as tangential to the core themes discussed here as possible, but since hypocrisy of this magnitude has to be seen to be believed, and traditionally was only possible when emanating from the Federal Reserve (did we say  tangential?) we present: Liestrong... in his own words.

Farcebook

Submitted by Tyler Durden on 01/15/2013

As we anxiously await the titanic announcement about to spew forth from Menlo Park, we thought a look at 2013's +20% performance was worthwhile. We would expect to hear a plethora of 'monetizing mobile' and a cajillion eyeballs must mean something. Will the Facebook phone replace the Obama-phone? Will being 'liked' provide external stimulus? Will they be merging with Dell (or Radioshack?) Feeling bullish? Be wary, implied vol is at its most expensivce to realized vol in 7 months... Rest assured, we will bring the critical headlines as they break...

*FACEBOOK SAYS IT'S A PRODUCT ANNOUNCEMENT                :FB US
*FACEBOOK ANNOUNCES GRAPH SEARCH                          :FB US

FB stumbling now -1.7%

http://www.marketwatch.com/story/facebook-loses-14-million-active-users-in-us-2013-01-15?link=MW_story_popular

The Golden Age Of US Corporations Is Ending: S&P 500 Cash Has Peaked And Is Now Declining

Submitted by Tyler Durden on 01/15/2013

One of the biggest "givens" of the New Normal was that no matter what happens, US corporations would build their cash hoard come hell or high water. Whether this was a function of saving for a rainy day in a world in which external liquidity could evaporate overnight, whether it was to have dry powder for dividends and other shareholder friendly transactions, or to be able to engage in M&A and other business transformations (but not CapEx, anything but CapEx), corporate cash swelled to over $2 trillion (the bulk of it held in deposit accounts, or directly invested in "cash equivalents" i.e. risk assets, in banks in the US and abroad). Whatever the use of funds, the source was quite clear: ever declining interests rate which allowed corporate refinancings into ever lower cash rates, a "buyer's market" when it comes to employees, the bulk of which have been transformed into low paid geriatric (55 years and older), part-time workers: the only two categories that have seen a steady improvement in employment since the start of the second great depression, and low, low corporate taxes (for cash tax purposes; for GAAP purposes it is different story altogether). So some may be surprised that the great corporate cash hoard build appears to have finally tapered off. As the chart below from Goldman shows, after hitting an all time high of 11.2%, the ratio of S&P500 cash to total assets has once again started to decline.

Widest Discrepancy Ever Between AAPL Reality And Analyst Hopium

Submitted by Tyler Durden on 01/15/2013

With price-targets now apparently nothing more than a 'talking-point', it is, perhaps, of little surprise that the gap between the average sell-side analyst's price target for AAPL and the current price is the widest it has ever been. And of course, the 'buys' versus 'sells' has not budged at all... for your reading pleasure, the 50 analysts' price targets for AAPL... and the two non-lemmings (Per Lindberg and Edward Zabitsky) that see potential downside for AAPL.

Why Americans Are Broke, And Getting Further In Debt

Submitted by Tyler Durden on 01/15/2013

Just as the president reminded us yesterday we are not a deadbeat nation, merely borrowing money today to pay the bills of yesterday, so, as the NY Times reports in this all-too-real article, many of the citizens of the US are also living not just paycheck-to-paycheck but short-term-loan-to-short-term-loan. As one debt-consolidation service noted "They've been borrowing just to meet payments on previous loans; it builds on itself." Rings an awfully loud bell eh? (and yes, we know the government's finances are not run like a households - though at some point the check book needs to balance). People in tough 'economic' situations fall into the 'poverty trap', borrowing money at ever higher interest rates in a shell game to keep previous borrowers at bay. The average debt for households earning $20,000 a year or less more than doubled to $26,000 between 2001 and 2010 - as people dig deeper, precisely because they long to escape. As the focus of the article notes, "the belt-tightening was the easy part... the larger problem was cash-flow." Critically, experiments show that 'economic' scarcity by itself - independent of personality or any other factors - fuels a drive to borrow recklessly.

Fitch Issues Another Rating Warning For AmericAAA

Submitted by Tyler Durden on 01/15/2013 - 07:48

With precisely one month left until the early bound of the debt ceiling crunch and a possible US government shut down and/or technical default, and with M.A.D. warnings from the president and treasury secretary doing nothing to precipitate a sense of urgency (which will not arrive until there is a 20% market drop, so far consistently delayed but which will eventually happen), here comes the most toothless of rating agencies, French Fitch which somehow kept its mouth shut over the past 18 months, when US debt rose by over $2.1 trillion and debt to GDP hit 103%, shaking a little stick furiously, no doubt under guidance by its corporate HoldCo owners: French Fimilac SA.

RANsquawk EU Market Re-Cap - 15th January 2013

Submitted by RANSquawk Video on 01/15/2013

Frontrunning: January 15

Submitted by Tyler Durden on 01/15/2013

White House delays 2014 budget after "fiscal cliff" standoff (Reuters) - And Senate will pass this... never?

Amari Signals Limits to Abe’s Campaign to Weaken Yen (BBG)

Draghi’s Bond Rally Masks Debt Doom Loop Trapping Spain (BBG)

Obama backs gun limits, concedes tough fight ahead (AP)

Bernanke to Weigh QE Costs as Fed Assets Approach Record (BBG)

Japan to Sell Debt Worth 7.8 Trillion Yen to Pay for Stimulus (BBG)

France more than doubles forces in Mali (FT) and yet...

Malian Rebels Take Town and Vow to Avenge French Attack (NYT)

China’s Li Calls for Patience as Government Works to Reduce Smog (BBG)

EU berates China over steel subsidies (BBG)

Number of working poor families grows as wealth gap widens (Reuters)

1-14-13 Dave’s Daily: http://www.etfdigest.com ‘WAITING FOR DATA KEEPS MARKETS IN CHECK 1-14-13 I’m waiting for the action and volume to build once we get past economic and earnings data set to roll out this week. Tuesday brings us Retail Sales and the Empire State Mfg Survey while Wednesday we’ll see earnings from banks like Goldman Sachs (GS) and JP Morgan (JPM). More earnings will follow Thursday and Friday with Bank of America (BAC), Citigroup (C) and Morgan Stanley (MS). Let’s also remember Friday is options expiration. Given all the earnings and data the week’s action will increase accompanied by higher volatility.Overseas markets will react primarily to Industrial Production from China also due this week.Postponed for now is the next “cliff” as Obama and congress vie for the upper hand before February and March deadlines loom on the debt ceiling. Obama stated his case at a news conference today. Expect more from the congress soon enough.Also speaking as this is written is (“we’re not printing money”) Fed Chair Ben Bernanke who is pitching the validity of QEternity at the University of Michigan. Most questions were just soft balls but he did echo Obama’s earlier comments that the congress needs to approve an increase in the debt ceiling. So, once again a short commentary is in order. Bulls seem to have markets well-maintained even one would argue “levitating” on light volume. This is a rather dangerous condition as markets try to take out mid-September 2012 highs.The trouble with markets Monday surrounded tech (QQQ) and heavyweight Apple (AAPL) where a report of weak material order volume may mean iPhone sales are in decline. The dollar (UUP) was weaker once again while gold (GLD) only was modestly higher. With bank (KBE) and financial (XLF) earnings near there is tension before these earnings are announced. Commodities (DBC) were marginally higher led by grains (JJG) and oil (USO) while base metals (DBB) were lower. Even as stocks struggled for direction, bonds (TLT) did as well.Volume remains well below even recent low averages of 145M shares for SPY for example. Breadth per the WSJ was mixed.This light volume is due to the upcoming week’s data. So since markets are mostly quiet so too will be this commentary…’

Goldman Sachs And The Big Hedge Funds Are Pushing Leverage To Ridiculous Extremes

http://theeconomiccollapseblog.com

http://albertpeia.com/overleveraged.htm

The Federal Reserve Shows Barack Obama Who The Real Boss Is

http://theeconomiccollapseblog.com

http://albertpeia.com/failurespeckingorder.htm

We Are Witnessing The Slow, Tortuous Death Of The American Worker

http://endoftheamericandream.com

http://albertpeia.com/deathofamericanworker.htm

Two of the Biggest Problems In the Financial System Will Hit in 2013

January 13, 2013 http://gainspainscapital.com

http://albertpeia.com/2biggestproblemsinfinancialsystemhitin2013.htm

It Begins: Bundesbank To Commence Repatriating Gold From New York Fed

Submitted by Tyler Durden on 01/14/2013

In what could be a watershed moment for the price, provenance, and future of physical gold, not to mention the "stability" of the entire monetary regime based on rock solid, undisputed "faith and credit" in paper money, German Handelsblatt reports in an exclusive that the long suffering German gold, all official 3,396 tons of it, is about to be moved. Specifically, it is about to be partially moved out of the New York Fed, where the majority, or 45% of it is currently stored, as well as the entirety of the 11% of German gold held with the Banque de France, and repatriated back home to Buba in Frankfurt, where just 31% of it is held as of this moment. And while it is one thing for a "crazy, lunatic" dictator such as Hugo Chavez to pull his gold out of the Bank of England, it is something entirely different, and far less dismissible, when the bank with the second most official gold reserves in the world proceeds to formally pull some of its gold from the bank with the most. In brief: this is a momentous development, one which may signify that the regime of mutual assured and very much telegraphed - because if the central banks don't have faith in one another, why should anyone else? - trust in central banks by other central banks is ending.

Guest Post: Despite Sanctions, Iran's Economy Limps Along

Submitted by Tyler Durden on 01/14/2013

How effective have the sanctions been in moderating Iran’s behavior up to now? Current indications are not much, despite the damage inflicted on the country’s economy. On 9 January Iranian President Mahmoud Ahmadinejad said that Iran should establish more processing industries in the oil and gas sectors to reduce dependency on exports of crude oil and that the budget plan for the next Iranian year of 1392 (to start on 21 March) envisaged less dependence on crude oil revenues as the government intends to replace crude oil exports with oil derivatives to allow the nation’s economy to participate in the oil sector’s lucrative downstream industry.... A regime that has weathered more than three decades of tumult in its efforts to construct an Islamic society seems unlikely in an energy-starved world to ameliorate its behavior solely to please the dictates of Washington, Brussels, the UN and Canberra. And oh, on 14 September 2012 the United States exempted Belgium, Britain, the Czech Republic, France, Germany, Greece, Italy, the Netherlands, Poland, Spain, and Japan from complying with the sanctions for another 180 days, a list that was expanded on 8 December to include China, India, South Korea, Malaysia, Singapore, South Africa, Sri Lanka, Turkey, and Taiwan.

All The Gold In The World - The Definitive Infographic

Submitted by Tyler Durden on 01/14/2013

In the aftermath of the Chairman's painful waste of time "interactive" session, which addressed precisely zero of the relevant questions, we would like to ground readers with a real, hard, monetary equivalent, which unlike paper money, has retained its worth over the past 2000 years, and one which no central planning committee can create out of thin air at will. Gold. The chart below should put it all into perspective.

Geithner Unleashed: Sends Letter To Boehner, Warns Even Brief Default Would Be "Terribly Damaging", Channels Reagan

Submitted by Tyler Durden on 01/14/2013

Following up on today's relentless debt ceiling propaganda, which started with the Politico report that more than half of republicans are willing to push the US into a "temporary" default, going through Obama's "We are not a deadbeat nation", but one whose president apparently will not debate the debt ceiling (the same president who as a Senator was against rising the debt ceiling) and closing with Boehner's rebuttal to Obama, saying the GOP would raise the debt ceiling but in exchange for spending cuts, sure enough it was time to unleash the Treasury Secretary in his last days on the job, toting the party line ("extending borrowing authority does not increase government spending; it simply allows the Treasury to pay for expenditures Congress has previously approved") making it "abundantly clear" that "Even a temporary default with a brief interruption in payments that Congress subsequently restores would be terribly damaging, calling into question the willingness of Congress to uphold America’s longstanding commitment to meet the obligations of the nation in full and on time.  It should also be noted that default would increase our borrowing costs and damage economic growth and therefore add to future budget deficits, not decrease them." The unleashed Geithner then proceeds to threaten: "Threatening to undermine our creditworthiness is no less irresponsible than threatening to undermine the rule of law, and no more legitimate than any other common demand for ransom." Finally, Geithner also made it clear that the CNBC "RISE ABOVE THE DEBT CEILING" campaign is now at T-30 to T-45: "Treasury currently expects to exhaust these extraordinary measures between mid-February and early March of this year" which however should not be news to anyone.

Must. Defend. $500

Submitted by Tyler Durden on 01/14/2013

Just like Friday, there was virtually nothing notable to speak of in today's trading. The one catalyst that pushed stocks higher: all stocks, not just the one that may or may not be in play, was the DELL LBO rumor, that prevented the DJIA from going red on the day and pushed the 30 stock average well above the red, even if the S&P500 was not quite so lucky. As for what really mattered today, it is summarized in two words: "AAPL" and "$500." After breaching $500 briefly in the early trading session, the end of trading saw a concerted selling effort in the one stock most heavily owned by the hedge fund community, yet no matter how close it got to breaching $500, and sending the company into who knows what stop loss tailspin, someone kept buying just above $500  thereby preventing the uber levered hedge funds from having to start liquidating holdings to meet margin calls.

Watch As Ben Bernanke Answers Your Twitter Questions Live

Submitted by Tyler Durden on 01/14/2013

Today at 4pm Eastern, Ben Bernanke, at the University of Michigan’s Ford School of Public Policy, will take live questions from Twitter for the first time as part of the Fed's new policy of openness. Of course, the policy won't be so open for him to answer if banks are actually using reserves as prop trading funding (as was the case with JP Morgan, and any other bank which realizes that when it comes to fungible cash, money is just 1s and 0s in a server somewhere). However, the filter may slip and at least one or two good questions may slip through. So please take this opportunity to submit any pressing questions you may have on the Fed's policy to pump the market to new stratospheric highs courtesy of $85 billion (for now) in monthly reserve injections into the Primary Dealers, by using the #fordschoolbernanke tag to your questions. For convenience, we have appended a twitter module below that captures all tweets with that querry.

It Took Algos 4 Seconds To Fully Process The Flashing Red DELL Headline

Submitted by Tyler Durden on 01/14/2013

At precisely 14:04:08 a flashing red Bloomberg headline hit that "DELL IS SAID TO BE IN TALKS TO GO PRIVATE." Moments later the stock slammed higher by 10% triggering a circuit breaker. Whether or not there is an actual deal behind this is unknown: considering the "two sources" used by Bloomberg gave virtually no details on who the buyers are, or what the vision for the pro forma private company will be, we are inclined to assume this is nothing but a big, and successful, fishing expedition by a party that sought to make a quick buck. What we do know, is something completely unrelated. Courtesy of Nanex, who have broken down the trades from the pre-headline prices of $10.90 to the halt price of just under $12.00, it appears that today's robotic algo brains take no more and no less than 4 seconds to fully process flashing red headlines. This is how long it took to send the stock in a straight line from the bottom of the range to the top, because all along the ride there were offers, until finally the offer stack was exhausted at the circuit breaker price. To anyone who blinked and missed the move: condolences - just get a collocated algo and any future LBO announcements - real or fake - will be far more lucrative courtesy of an electronic trigger finger located right on the exchange.

Dell Supposedly In LBO Talks, Stock Soars

Submitted by Tyler Durden on 01/14/2013

Moments ago Bloomberg broke news that $19 billion market cap Dell may be in talks to go public. The result was a 10% surge in the stock that halted the stock as a circuit was triggered. Of course, there was a headline caveat that "LBO TALKS MAY NOT LEAD TO A DEAL." Which is not improbable: at $19 billion market cap, the equity check would be substantial for any consortium of buyers, not to mention the debt. Then again this must be the New Normal LBO announcement, where PE firms "leak" news of a going private deal just so they get to pay an even higher 20% premium to a closing stock price.  But the truly hilarious part is that the entire multi-trillion market jumped as if stung following the news. And that is what passes for efficient markets these days. Unless, of course, the "here come the LBOs" thesis is now in play.

Herbalife Short Interest Explodes In Last Week Of 2012

Submitted by Tyler Durden on 01/14/2013

Whooooooooosh!

Greeks Raid Forests In Search Of Wood To Heat Homes

Submitted by Tyler Durden on 01/14/2013

Tens of thousands of trees have disappeared from parks and woodlands this winter across Greece, authorities said, in a worsening problem that has had tragic consequences as the crisis-hit country’s impoverished residents, too broke to pay for electricity or fuel, turn to fireplaces and wood stoves for heat. Such woodcutting was last common in Greece during Germany’s brutal occupation in the 1940s, underscoring how five years of recession and waves of austerity measures have spawned drastic measures. “The average Greek will throw anything into the fireplace that can be burned, ranging from old furniture with lacquer, to old books with ink, in order to get warm,” said Stefanos Sapatakis, an environmental-health officer at the Hellenic Center for Disease Control and Prevention.

"We Are Not A Deadbeat Nation" - Full Obama Transcript

Submitted by Tyler Durden on 01/14/2013

The punchlines: "...the issue here is whether or not America pays its bills. We are not a deadbeat nation... And if the Republicans in Congress have made a decision that they want to shut down the government in order to get their way, then they have the votes, at least in the House of Representatives, probably to do that.... So we've got to pay our bills. And Republicans in Congress have two choices here. They can act responsibly, and pay America's bills, or they can act irresponsibly and put America through another economic crisis. But they will not collect a ransom in exchange for not crashing the American economy ... We've got to stop lurching from crisis to crisis to crisis when there's this clear path ahead of us that simply requires some discipline, some responsibility, and some compromise. That's where we need to go. That's how this needs to work."....  Yet should the "worst" (i.e. living within its means) happen to the US, then "Social Security checks, and veterans benefits will be delayed. We might not be able to pay our troops, or honor our contracts with small business owners. Food inspectors, air traffic controllers, specialist who track down loose nuclear materials wouldn't get their paychecks. Investors around the world will ask if the United States of America is in fact a safe bet. Markets could go haywire, interest rates would spike for anybody who borrows money. Every homeowner with a mortgage, every student with a college loan, every small business owner who wants to grow and hire.... As the speaker said two years ago, it would be, and I'm quoting Speaker Boehner now, "a financial disaster, not only for us, but for the worldwide economy.""

Still think "we are not a deadbeat nation"?

Boehner Responds: "The American People Do Not Support Raising Debt Ceiling Without Reducing Spending"

Submitted by Tyler Durden on 01/14/2013

“The American people do not support raising the debt ceiling without reducing government spending at the same time. The consequences of failing to increase the debt ceiling are real, but so too are the consequences of allowing our spending problem to go unresolved. Without meaningful action, the debt will continue to act as an anchor on our economy, costing American jobs and endangering our children's future. The House will do its job and pass responsible legislation that controls spending, meets our nation's obligations and keeps the government running, and we will insist that the Democratic majority in Washington do the same.”

JP Morgan Mortgage Bank Fires 529

Submitted by Tyler Durden on 01/14/2013

Nobody tell JPM's Tom Lee that JPM just fired 529 bankers from its Brooklyn-based Mortgage Bank ("independent foreclosure review" division) for "economic reasons." He might have some trouble reconciling it with his view on both the market and the economy which sees nothing but smooth sailing ahead. More to the point, with this mass layoff in the foreclosure review group, does this mean that JPM will simpy proceed with debt forgiveness for those millions who have been in foreclosure for about 3 years on average in New York state, and during which time they have not made one mortgage payment?

Obama Addresses Debt Ceiling And Potential US Default - Live Webcast

Submitted by Tyler Durden on 01/14/2013

Curious why the teleprompter will grace the president, and the US public, with its presence in a few short minutes? Politico explains: "President Obama will hold a news conference at 11:30 a.m. Monday in the East Room, the White House announced. It will be the final one of his first term. Deputy Press Secretary Josh Earnest said he will discuss the need for Congress to raise the debt ceiling?" Shot every time Obama says "not negotiate", "cut spending", "raise taxes", and "fair." Drink everything, including from the deodorant bottle, if he or a member of the press mentions "trillion dollar coin" or, even better, "build the death star."

Hedge Funds Most Levered And Long Since 2004

Submitted by Tyler Durden on 01/14/2013

In the last days of 2012 we penned an article describing the current situation of the market as follows: "Margin Debt Soars To 2008 Levels As Everyone Is "All In", Levered, And Selling Vol." Today, Bloomberg catches up with this rather critical topic, and confirms that the buying power of the biggest marginal traders left in the market who do not recycled deposits into stocks - hedge funds - is nothing more than debt piled upon debt, as "Leverage among managers who speculate on rising and falling shares climbed to the highest level to start any year since at least 2004, according to data compiled by Morgan Stanley." BBG also recaps what our readers already know: "Margin debt at NYSE firms rose in November to the most since February 2008, data from NYSE Euronext show." In other words: everyone is all in and levered. And soon, in about two weeks, Bloomberg will figure out that everyone, or at least a central bank here or there, is, indeed, "selling vol."

Summary Of Key Events In The Coming Week

Submitted by Tyler Durden on 01/14/2013

The week ahead will deliver important data from the US and China. In the US, the focus will be on retail sales and housing starts, as well as on the Philadelphia Fed and U. Michigan Consumer Sentiment surveys. Turning to China, the consensus forecast for China Q4 GDP is 7.8%yoy, while secondary data will come from the country's IP and FAI data updates.

RANsquawk EU Market Re-Cap - 14th January 2013

Submitted by RANSquawk Video on 01/14/2013

Frontrunning: January 14

Submitted by Tyler Durden on 01/14/2013

Guess who doesn't believe in the "great rotation out of bonds and into stocks": Abe Aids Bernanke as Japan Seen Buying Foreign Debt (BBG)

AIG Sues Federal Reserve Vehicle in Dispute Over Lawsuit Rights (WSJ)

JPMorgan Said to Weigh Disclosing Whale Report Faulting Dimon (BBG)

Ugly Choices Loom Over Debt Clash (WSJ)

Credit Suisse to cut bonus pool by 20 percent (Reuters)

Brazilian Bikini Waxes Make Crab Lice Endangered Species (BBG)

EU redrafts plan for bank rescue funding (FT)

JCPenney stock plunges after bad holiday (NY Post)

Regulator Comments Buoy Shanghai Stocks (WSJ)

Japan voters back PM Abe's efforts to spur growth, beat deflation (Reuters)

Cameron averts row over Europe speech (FT)

Swatch Buys Harry Winston Jewelry Brand for $1 Billion (BBG)

1-11-13 Dave’s Daily: http://www.etfdigest.com ‘SOME PERCEPTIBLE MARKET FATIGUE 1-11-13 This has been a light volume market week even as bulls have been able to sustain things overall. It didn’t hurt another $5.5 billion in POMO from the Fed propped things for bulls. In China food inflation is taking a toll and unlike the U.S., China actually includes food in their inflation data (silly them, eh?) Inflation was the highest in 7 months. Domestic stock indexes like the Shanghai CSI 300 Index dropped nearly 2% on fears of government tightening. Like a tsunami this negatively affected most Asian markets especially a high beta affair like high-flyer Vietnam (VNM). U.S. stock sectors did seem disorderly as Biotech’s (IBB) fell, banks were weak (KBE) as we await earnings, gold (GLD) weakened even as the dollar (UUP) fell sharply, bonds (TLT) were higher in price and commodities (DBC) were weaker even as grains (JJG) rallied sharply on crop data. All things considered markets look tired on weak volume. The Investment Company Institute (ICI) reports 18% of Mutual Fund assets were in money market funds. Cash on the sidelines? No doubt, but so is trust. The lack of trust in all things equity is reflected in weak volume which is down roughly double digits in percent terms since early 2012. And with so many HFTs and algo trading programs operating these may account for much more than the 70% previously. Volume Friday was once again ultra-light. Gone are the days of bullish, or even normal trading volume at over 150M-185M shares in SPY for example. Breadth per the WSJ was mixed. { Interestingly (or not), I recently had occasion to tune in a daily ‘wall street/business’ oriented show which features succinctly in a small amount of time salient financial stats, numbers and commentary from ‘professionals’ from the street, ie., analysts, brokers, economists, ceo’s, etc.. In high school, I recall as part of a social studies course a ‘mock stock market’ scenario where we picked actual stocks from, ie., wall street journal, and gave reasons for so doing. I recall one kid who picked a ‘ski/winter sport’ retailer because we were in the winter and such was the time that such things are bought. Wow! There seemed to be such a simple, compelling, surface logic to same (I don’t even recall what I picked, so meaningless it was – such recurring things as, ie., seasons, etc., are discounted well in advance – though I was to pick oils for analysis in my later NYU MBA Finance, 1977, securities course which I do remember). Unfortunately, such seasonality is all but baked into stock prices with minor adjustments for ie., seasonal anomalies. Yet, on this show featuring a professional wallstreet ‘trader/analyst’, this seasoned wall street professional offered a similar seasonal reason for buying/being in a group of stocks (outside-of-home exercise/fitness gyms, programs, etc., because of new year’s resolutions to get in shape) for the next few winter months (personally I’m a big fan of such things and would tout Walmart for the ‘home’ as well as just about any other thing one wishes to buy with value, quality, and price in mind). I was absolutely astounded that this ‘churn and earn oriented’ wall street professional said it with a straight face. Yet, that’s exactly what wall street’s become; viz., a few relatively meaningless sound bites/rumors, some true, some not, for the algo-driven computerized churn and earn. Wall Street’s really become a huge nation-draining scam, particularly with the huge outright frauds still extant, marked to anything as per legislated FASB rule change, and unprosecuted. Yet, people wonder about/why america’s precipitous decline and fall. }

The Federal Government Hands Out Money To 128 Million Americans Every Month

http://theeconomiccollapseblog.com

http://albertpeia.com/fedgovhandouts.htm

The Investment World is Missing the Single Most Critical Issue In China

January 11, 2013 http://gainspainscapital.com

http://albertpeia.com/criticalchinaissue.htm

White House Petition To Publicly Assay And Validate The US Treasury's 8,100 Tons Of Gold

Submitted by Tyler Durden on 01/11/2013

In the past few weeks there has been a veritable explosion of White House petitions ranging from the bizarre to the surreal to the outright absurd, including such demands as Texas (and other southern states) seceding, deporting Piers Morgan, not deporting Piers Morgan, creating a Joe Biden sitcom, and even making a total mockery out of the US, and global, monetary system and evading the debt ceiling using a cheap, platinum coin-based parlor trick. All of these are, for lack of a better word, a la carte distractions launched by bored American citizens, meant to evade the menial drudgery of everyday life, and, generally, reality. In short: entertainment. And, logically, virtually none have so far contained actual, actionable provisions, that stood to benefit all Americans, instead of just one half of the ideological or party split. At least not until a new petition appeared two days ago, one demanding that the administration do something that has never been done on the public record: perform an assayed public audit of all the 8,100 tons of gold owned by the US Treasury. And not just any audit, but one including "professional auditors outside of the Mint, Treasury, GAO, Inspector General and Federal Reserve system."

Guest Post: Insights Into Cultural Shifts From A Visit To A Hardware Store

Submitted by Tyler Durden on 01/11/2013

"So this is what it looks like when a society is starting to collapse," the man standing behind the counter at the hardware store said matter-of-factly. The remark had been directed at no one in particular, but generally at anyone standing nearby. As I was among that audience, I looked at him inquisitively, eliciting in return a look indicating that his observation should be intuitively obvious to even the casual observer. "We should not be this busy," he continued. "People are normally out Christmas shopping for the latest tech gadgets for their kids, but instead they are spending their hard-earned money here." I had to agree with his observation, because the place was packed, and it was obvious that his inventory was disappearing from the glass showcases and from the wall behind the counter quicker than the store could replenish it.

So You Want To Retire? Five Disturbing Statistics About Retirement: An Infographic

Submitted by Tyler Durden on 01/11/2013

To all Americans in their twenties, thirties, forties, or even fifties, naively looking forward to their retirement, we have two words: "good luck."

Guest Post: Almost Half Of All Food Produced Is Thrown Away

Submitted by Tyler Durden on 01/11/2013

Between 30 and 50 percent of all food produced globally, equivalent to two billion tons, is thrown away each year according to a recent report written by the UK-based Institution of Mechanical Engineers (IME), titled ‘Global Food; Waste Not, Want Not’. The Guardian states that overly-cautious sell by dates, buy one get one free deals, and an obsession with only consuming fruit and vegetables that look perfect are some of the main reasons for this colossal waste of, not only food, but also the water, energy, and arable land used in the creation of the food.

VIXtermination: Vol Banged To Lowest Close Since June 2007

Submitted by Tyler Durden on 01/11/2013

Instead of a full recap of the market today, which did nothing all day on the lowest NYSE volume day of the year, we will present just one chart to show how it is that once again the market got its nearly miraculous green close and last hour ramp to avoid a red close for the day, and possibly week. The chart is, as has been so very often the case recently, that of the spot VIX, where the now usual gimmick of dumping oodles of VIX futures served to do one thing only: bang the close (a technical term, one which used to be illegal) so hard that the market's algos took the reflexivity signal implied by the evaporation in volatility as an all clear signal and bought risk in what is becoming an expected daily occurrence. And while the spot slid to close at 13.36, the lowest closing print since June 19, 2007, it was the dump in the last 25 seconds of trading that just had to be seen to be believed. Luckily, it can be seen below on the Bloomberg QR page showing it taking a step move lower from 13.38 to 13.22 at 15:59:35, before "recovering" to 13.38 just after the close.

Will CapEx Come Back?

Submitted by Tyler Durden on 01/11/2013

Almost a year ago, we identified what the main stumbling block facing US (and global) corporations is in the New Normal ZIRP regime: namely corporate cash mismanagement, capital misallocation, and a serious lack of CapEx spending which leads to lack of revenue growth, secular declines in profits, further layoffs, and a broad contraction in corporate returns (absent the endless deus ex which is central-bank assisted multiple expansion). We also identified what in our view was the primary reason for this misallocation, which said simply, is the Fed's monetary policy which forces corporate executives to focus on short-term gratification of shareholders via prompt return of cash instead of reinvestment into the business - a critical requirement to assure top-line stability and growth. Today, we were happy to see that the issue of the disappearing CapEx -both in the US and globally - is the main topic of an analytical piece from UBS titled, simply enough, "Will capex come back?" And while we disagree with UBS, who has a more optimistic conclusion than ours, which we believe is a function of incorrectly identifying the reason for plunging CapEx, we are happy that more and more strategists have narrowed down what is without doubt the main hurdle to promoting a true, sustainable corporate recovery, instead of one where the only EPS beats are driven from one-time restructuring charges (which are now recurring on a quarterly basis), non-cash items, and most of all, even more layoffs of workers: something which in turn continues to eat away at the heart of any given economy, forcing even more monetary intervention, and even more CapEx spending cuts.

Up To 3.5% Of US 2013 GDP Could Evaporate Due To Enacted Tax Hikes

Submitted by Tyler Durden on 01/11/2013

We were surprised to learn that according to at least one model created by Goldman, the total consumption hit for all of 2013 (not just H1), may well be higher than what most people assume (roughly 1.5%). In fact, as Goldman shows, based on a model conceived by Christina and David Romer, it is possible that US GDP growth in the second half is slashed by an additional 2-2.5%, something which very likely will tip the country into recession as the combined impact over the entire year could be as high as 3.5%, eliminating even the most optimistic forecasts for organic growth in the US for the new year. But it gets worse. As Goldman observes, "based on our reading of the debate in Washington, we have become more concerned about our assumption that the automatic spending cuts (or "sequester") will be delayed into 2014. If the sequester takes effect as scheduled from March 1, this would present an additional downside risk to our growth forecast in the later part of the  year." So the worst case scenario for GDP growth from tax hikes alone is already 3.5%, and one may have to add to that another several percent in GDP reduction from an spending cuts, which might well lead to a 4-5% GDP drop in 2013 in the worst case, a case determined solely by the dysfunction in Washington.

New York's Other Epidemic

Submitted by Tyler Durden on 01/11/2013

The flu will come and go, but another, far more troubling epidemic appears to have gripped New York: one which, in a post Sandy Hook world, probably needs as much discussion as tragic mass murders conducted by deranged lone gunmen, especially since absolutely nobody appears to be addressing this particular issue. Why? Because, frankly we think the two kinds of tragedies are very intimately connected.

RANsquawk Weekly Wrap - 11th January 2013

Submitted by RANSquawk Video on 01/11/2013

FleeceBook: Meet JP Morgan's Matt Zames

Submitted by Tyler Durden on 01/11/2013

Previously, in our first two editions of FleeceBook, we focused on "public servants" working for either the Bank of International Settlements, or the Bank of England (doing all they can to generate returns for private shareholders, especially those of financial firms). Today, for a change, we shift to the private sector, and specifically a bank situated at the nexus of public and private finance: JP Morgan, which courtesy of its monopolist position at the apex of the Shadow Banking's critical Tri-Party Repo system (consisting of The New York Fed, The Bank of New York, and JP Morgan, of course) has an unparalleled reach (and domination - much to Lehman Brother's humiliation) into not only traditional bank funding conduits, but "shadow" as well. And of all this bank's employees, by far the most interesting, unassuming and "underappreciated" is neither its CEO Jamie Dimon, nor the head of JPM's global commodities group (and individual responsible for conceiving of the Credit Default Swap product) Blythe Masters, but one Matt Zames.

Blame It On The Flu

Submitted by Tyler Durden on 01/11/2013

Economic weakness in November was blamed on Hurricane Sandy. Economic weakness in December was blamed on the Fiscal Cliff. Now, we know what economic weakness in January will be blamed on: the flu. And, as the old saying goes: "Flu got you down? Take two QEs and see the chairman in the morning."

US Q4 GDP: From 2.5% To Sub 1% in Under Six Months

Submitted by Tyler Durden on 01/11/2013

Look forward to hope being forced to surge even more to offset for this cut by nearly 50% ot the consensus Q4 GDP estimate of 1.5% prior to today. And while we wait for Bloomberg to compile today's massive downward revision to economic growth, this is how Q4 GDP tracking estimates looked like in the past 6 months before today's downward revision which will take the consensus line to 1% or under.

Tom DeMark: "Sell The World" And Soon, The US

Submitted by Tyler Durden on 01/11/2013

Because there are still some traders who adhere to such old normal traditions as charting and technical analysis (because apparently the FOMC committee sits down each month and observes Ichimoku clouds, RSI indicators and Bollinger bands), it is probably notable that one of the most respected chartists, Steve Cohen's favorite technician Tom DeMark, is now uniformly bearish on virtually all markets around the world which have triggered a sell signal in his studies, and is about to drop the axe on the US as well where a "Daily 13" signal is imminent. The caveat, of course, is that in a world in which fundamentals haven't mattered in years, why should technicals?

Frontrunning: January 11

Submitted by Tyler Durden on 01/11/2013 WSJ picks up on excess "deposits over loans" theme, reaches wrong conclusion: Wads of Cash Squeeze Bank Margins (WSJ)

SAC Is Bracing for Big Exodus of Funds (WSJ)

Japan unveils Y10.3tn stimulus package (FT)

China’s Inflation Accelerates as Chill Boosts Food Prices (BBG)

Berlusconi Denies Responsibility for Italy Crisis (BBG)

Fed hawks worry about threat of inflation (Reuters)

And then the lunatics: Fed easing may not be aggressive enough: Kocherlakota (Reuters)

BOJ Likely to Take Easing Steps (WSJ)

Draghi Shifts Crisis Gear as ECB Focuses on Economy Inbox (BBG)

Argentina Bondholders Lose Bid to Get State-Court Review (BBG)

Regulators Find Major Euribor Shortcomings (WSJ)

Basel III Punishes Dutch Over Risk That Isn’t (BBG)

Bondholders in Crosshairs as Merkel Travels to Cyprus (BBG)

RANsquawk EU Market Re-Cap - 11th January 2013

Submitted by RANSquawk Video on 01/11/2013

JPMorgan Chase: Bank Faces Major Regulatory Action

CBS | Cease and desist order is the harshest form of enforcement action that the OCC can issue.

Wall Street ends flat as rally slows, earnings eyed

Leah Schnurr | Rally has slowed in the last few days.

The Federal Government Hands Out Money To 128 Million Americans Every Month

Economic Collapse | The number of Americans receiving money directly from the federal government has grown from 94 million in the year 2000 to over 128 million today.

Braces for the Kids Just Got More Expensive: Obamacare Tax Hike Case Study

ATR.org | In 2013, the tax increases in Obamacare will increasingly conspire against kitchen-table family healthcare decisions.

USA 10th For Global Economic Freedom In 2013

Zero Hedge | When institutions protect the liberty of individuals, greater prosperity results for all.

The Federal Government Hands Out Money To 128 Million Americans Every Month

Economic Collapse | The number of Americans receiving money directly from the federal government has grown from 94 million in the year 2000 to over 128 million today.

Chart Of The Day: Chinese November Gold Imports Soar To 91 Tons; 2012 Total 720 Tons

Zero Hedge | Regular readers are familiar with our monthly series showing the inexorable surge in Chinese gold imports.

1-10-13 Dave’s Daily: http://www.etfdigest.com ‘THE MARKET MELT-UP RESUMES 1-10-13 Earnings news is at hand. The most watched will be financials (XLF) and Banks (KBE) which will get it going in major way mid-week next. If there has been some hesitancy which has been reflected in ultra-light volume it’s due to uncertainty in these sectors specifically. Analysts have been downgrading bank earnings forecasts but some expect disappointments while others assume beats and better guidance.We can only follow the system we trade which has had us long but the light volume is disturbing. Let’s remember that liquidity from the Fed is still raining down on trading desks and markets.Jobless Claims were higher (371K vs 362K expected & prior revised lower—for the first time in a year—to 367K from 372K). Wholesale Inventories were higher (.6% vs .3% expected & prior .6%). Friday there will be more trade data then next week will feature more impressive economic data.The president nominated Jack Lew (signature above) to be Treasury Secretary and perhaps he has a better skill set when working with TurboTax than Timmy.Overseas ECB head Mario Draghi made no changes to interest rate policies which strengthened the euro (FXE). Further he stated that he saw no “exuberance” (interesting choice of words) in eurozone financial markets. That put a bid under eurozone stocks (IEV) and (EFA) for example. The dollar (UUP) was weaker and gold (GLD) rallied more sharply than recently. Commodities (DBC) also pressed ahead with the weaker dollar and some sense that economic growth globally will be better. Bonds (IEF) we modestly lower.U.S. stocks were higher for the second day with financials once again returning to prominence while long suffering gold miners (GDX) rallied. Tech, positive early, saw a 2:15 PM Buy Program Express as Apple (AAPL) rallied off its lows. One reason not to trust WSJ analysts is how weird their forecasts can be. A Piper Jaffrey analyst on Thursday reduced his price target for Apple from $900 to $850. I guess we’ll have to Rip Van Winkle it for a while. Of course the worst thing that happens for investors with analysts is when they recommend a stock you buy then leave their firm. When the stock recommended falters the company then just says: “We don’t cover that company any longer.” Worthless, eh?Some investors could give a rip about volume but light volume troubles me just as much on rallies as on declines. And volume Thursday was again unremarkable. Breadth per the WSJ was quite positive…’

How and Why the US Could Default

January 10, 2013 http://gainspainscapital.com

http://albertpeia.com/usdefault.htm

18 Facts That Prove That Piers Morgan Is Flat Out Lying About Gun Control

http://thetruthwins.com [ Drudgreport: Kirchner attacks Falkland Islands 'invaders'... { Invaders indeed! Time to call british spades, spades! We fought a revolution after so doing! } ]

http://albertpeia.com/piersmorganlyingaboutguncontrol.htm

To "The Precious Metal Purchasing Act" From Executive Order 6102 - Santelli's Take

Submitted by Tyler Durden on 01/10/2013

"Ever heard of SB3341?" is Rick Santelli's opening salvo in today's rantless discussion of the concerns he has with Illinois' 'Precious Metal Purchasing Act'. While passed in the Illinois Senate last year, and moth-balled in the House since, Rick notes that "the long and short of it is is they want an audit trail to any precious metals, whether you're talking coins or bullion." It does not seem too much of a stretch to this Chicagoan to the 1933 Executive Order #6102 that confiscated gold and cleared the way eventually for Nixon's 1971 disconnect of the dollar from gold. As Liberty Blitzkrieg's Mike Krieger notes: "So let me get this straight.  First they want gun registration and now precious metal registration?  I’m sure the government would only use such information in our best interests, because as we all know: Your Government Loves You.  Sounds reasonable, after all, only 'terrorists' buy guns and gold anyway."

USA 10th For Global Economic Freedom In 2013

Submitted by Tyler Durden on 01/10/2013

When institutions protect the liberty of individuals, greater prosperity results for all. Economist Adam Smith formed this theory in his influential work, The Wealth of Nations, in 1776. In 2013, his theory is measured by the Index of Economic Freedom. The world average score of 59.6 was only one-tenth of a point above the 2012 average. Since reaching a global peak in 2008, the WSJ and Heritage note, economic freedom has continued to stagnate.  From North Korea (the least 'free') to Hong Kong (the most 'free') the following heatmaps break down the 177 countries covered across 10 specific categories. The world’s most-improved country is Georgia, and the country that saw the biggest decline was Belize (we blame McAfee). The United States, with an economic freedom score of 76, registered a loss of economic freedom for the fifth consecutive year, and its lowest score since 2000. Its score is 0.3 point lower than last year, with declines in monetary freedom, business freedom, labor freedom, and fiscal freedom.

Spot The "Blockbuster" Retail Season

Submitted by Tyler Durden on 01/10/2013

In the chart below, the blue bar is Toys 'R' Us retail sales for 2011. Red is 2012. Hence our confusion: just which is this "blockbuster" retail season CNBC's Bob Pisani keeps referring to - the blue or the red?

A Record $220 Billion "Deposit" Injection To Kick Start To The 2013 Market

Submitted by Tyler Durden on 01/10/2013

When people talk about "cash in the bank", or "money on the sidelines", the conventional wisdom reverts to an image of inert capital, used by banks to fund loans (as has been the case under fractional reserve banking since time immemorial) sitting in a bank vault or numbered account either physically or electronically, and collecting interest, well, collecting interest in the Old Normal (not the New ZIRPy one, where instead of discussing why it is not collecting interest the progressive intelligentsia would rather debate such trolling idiocies as trillion dollar coins, quadrillion euro Swiss cheeses, and quintillion yen tuna). There is one problem, however, with this conventional wisdom: it is dead wrong.  Tracking deposit flow data is so critical, as it provides hints of major inflection points, such as when there is a massive build up of deposits via reserves (either real, from saving clients, or synthetic, via the reserve pathway) which can then be used as investments in the market. And of all major inflection points, perhaps none is more critical than the just released data from today's H.6 statement, which showed that in the trailing 4 week period ended December 31, a record $220 billion was put into savings accounts (obviously a blatant misnomer in a time when there is no interest available on any savings). This is the biggest 4-week total amount injected into US savings accounts ever, greater than in the aftermath of Lehman, greater than during the first debt ceiling crisis, greater than any other time in US history.

Jim Grant Exposes "The Bureau Of Money Materialization" And A Submerging America

Submitted by Tyler Durden on 01/10/2013

Jim Grant spends exactly the correct amount of time (zero) discussing the "urban myth' of the trillion dollar coin in this brief interview on CNBC; instead deciding to try and strike up some intelligent understanding of the dire situation we face. By providing context for our massive 16 trillion dollar debt (360 million pounds of $100 bills), and explaining how exponential the idiocy has become, Grant brings us full circle as he explains to the money-honey that once upon a time our debt was backed by gold, and "there was only so much gold and so many dollars," thus limiting our exuberance, but "now we have neither the gold covering the dollar nor do we have interest rates constraining us [thanks to Bernanke et al.]; the only thing remaining to constrain us is some sort of civil discussion, a numerate discussion about the debt," which it appears the bespectacled and bow-tie-bound bond brain-box hopes is possible. "The debt has increased twice as fast as federal receipts," he warns, adding correctly that "the United States is truly submerging."

Guest Post: The Return of Mercantilism

Submitted by Tyler Durden on 01/10/2013

Mercantilist trade policies have returned in a big, big way. States around the world including in the West, and especially America, have massively adopted corporatist domestic policies, even while spouting the rhetoric of free trade and economic liberalism publicly. A key difference between a free market economy, and a corporatist command economy is the misallocation of capital by the central planning process. While mercantile economies can be hugely productive, the historic tendency in the long run has been toward the command economies — which allocate capital based on the preferences of the central planner. This means that the competition is now over who can run the most successful corporatist-mercantilist system. This is the worst of both worlds for America. All of the disadvantages of mercantilism — the rent-seeking corporate-industrial complex, the misallocation of capital through central planning, the fragility of a centralised system — without the advantage of a strong domestic productive base.

Revision Wipes Outs "Surprising" December Philly Fed Surge

Submitted by Tyler Durden on 01/10/2013

On December 20, when we posted on the miraculous surge in the Philly Fed, offsetting the far weaker NY Fed data, we were left scratching our heads as the upwardly inflecting data made little sense in the context of broader data. To wit: "Three days ago the New York Fed released the December print Empire State index which showed a broad contraction across all key verticals. Today, in fine "keeping them baffled with bullshit" form, the Philly Fed swing precisely the other way, and despite expectations for a second consecutive negative print of -3 to be precise, up from -10.7 last month, the General Business Activity indicator printed at 8.1, the highest print since April, with New Orders at 10.7, the highest since February, and Employment at 3.6, the highest since April. Naturally, the algos pretending to trade on news, took this news and ran futures higher..." We also added, rather providently, "Needless to say, all economic data in the US at this point is completely meaningless, with regional distortions, seasonal adjustments, political pressures and overall central planning making a mockery of the US economic data apparatus." Today, 20 days after the data release, we get the explanation for this very surprising jump, which naturally put the algos in a buying tizzy and sent the market higher by 1% (before it flash crashed late in the night) on the date of its release, as well as the latest validation of our skepticism, courtesy of the Philly Fed annual data revision. So how does December looks like pre and post-revision? Well, it is self-explanatory: look at the chart and decide for yourselves - blue is original, red is revised.

"It's Starting To Feel A Lot Like 2007"

Submitted by Tyler Durden on 01/10/2013

The credit markets this week already look very different to how they ended last year. As BofAML's Barnaby Martin notes, beta-compression, flatter curves and credit outperformance versus equity have all been abundant themes of late. Relative value is still there, when one looks closely, but is unfortunately not what it used to be. He adds that "things in credit have started to feel a lot like 2007 again," and while he believes the trend is set to continue (though slower) and the liquidity-flooded fundamentals in the high-yield bond market have been holding up well, it is trends in the leveraged loan market, that continue to deteriorate, that are perhaps the only canary in the coal-mine worth watching as global central bank liquidity merely slooshes to the highest spread product in developed markets (until that is exhausted). The rolling 12m bond default rate among European high-yield issuers fell to 1.8% in December, whereas loan default rates rose to 8.5%. With leverage rising, the hope for ever more greater fools continues, even as everyone is forced into the risky assets.

Initial Claims Miss Fourth Week In A Row; Prior Week Revised Lower

Submitted by Tyler Durden on 01/10/2013

Initial claims came, saw and missed for the 4th week in a row, printing at 371K, on expectations of a decline from 372K to 365K. As happens at the end of every year when employers turn on the pink sheet machine, the not seasonally adjusted number soared from 490K to 552K in the week ending January 5, a difference to the seasonally adjusted print of 181K. This is to be expected. What was unexpected is that the last week print saw its first downward adjustment in what seems years (it actually is years), with the December 29 week claims number declining from 372K to 367K, probably as a result of all the year end guessing that goes on to assist the other guessing that goes into the seasonal adjustment guessing. In short: everyone is guessing. States that saw a surge in layoffs in the week ended December 29 were MI (+15K) and PA (+12K) due to "Layoffs in the manufacturing industry", and  "Layoffs in the transportation, construction, food and beverage manufacturing, and metals industries." Finally those claiming extended benefits plunged by 76K in the last week of 2012, putting further pressure on the strength of the US consumer. Overall a report that confirms that 6 years after the start of the Depression, propped by some $15 trillion in central bank reserve liquidity injections the bulk of which has been used to prop stock markets, there is still no actual improvement in the economy.

Greek Unemployment Soars To New Record, 56.6% Of 15-24 Year Olds Without Job

Submitted by Tyler Durden on 01/10/2013

Judging by ongoing momentum moves in various European stock and bond market indicators, one could be left with the impression that something in the continent is actually improving. And while hope of improvement is certainly be high, the reality is vastly different as confirmed by the just released Greek unemployment data, which saw the broad unemployment rate soar to a fresh record high of 26.8% in October (24.1% males, 30.4% females - that's nearly one in three), up from a pre-revision 26.0% in September, and up from 19.7% a year ago, the youth (15-24 age group) unemployment rising again to a new all time high of 56.6% (up from 56.4%), and the ratio of those employed (3.68MM) to unemployed (1.34MM) plunging to a record low 2.75x. At this rate it may well hit 1.00x quite soon. But even sooner, perhaps in a few months, the total number of inactive workers (3.34MM) will surpass all those who are working. In short, the Greek collapse is just getting worse and worse.

ECB Keeps Rates Unchanged

Submitted by Tyler Durden on 01/10/2013 - 07:48

No change from the ECB as expected, and despite a hint by Draghi last time that the governing council may cut rates, it did not. The boredom continues until 8:30 am Eastern when Draghi takes the podium and resumes his rendition of Greenspan.

Frontrunning: January 10

Submitted by Tyler Durden on 01/10/2013

Obama Picking Lew for Treasury Fuels Fight on Budget (BBG)

Deutsche Bank Bank Made Huge Bet, and Profit, on Libor (WSJ)

Spain Beats Maximum Target in First 2013 Debt Sale (BBG) - In other news, the social security fund is now running on negative?

"Icahn is also believed to have taken a long position in Herbalife" (NYPost) - HLF +5% premarket

Lew-for-Geithner Switch Closes Era of Tight Fed-Treasury Ties (BBG)

Turkey Beating Norway as Biggest Regional Oil Driller (BBG)

Greek State Firms are Facing Closure (WSJ)

Draghi Spared as Confidence Swing Quells Rate-Cut Talk (BBG)

China’s Yuan Loans Trail Estimates (BBG)

SEC enforcement chief steps down (WSJ)

CFPB releases new mortgage rules in bid to reduce risky lending (WaPo)

Japan Bond Investors Expect Extra Sales From February (BBG)

MF UNTOUCHABLE: Corzine Wins Again

dailybail.com | How you like me now…

Chief of Staff Jacob Lew Picked for Treasury, Despite Bailout Scandal

Aaron Dykes | Lew received bonus after bailout and played a role in betting against the housing market, triggering subprime financial crisis.

America’s PhDs on Food Stamps

Infowars.com | The systematic destruction of America’s middle class.

Chart Of The Day: Chinese November Gold Imports Soar To 91 Tons; 2012 Total 720 Tons

Zero Hedge | Regular readers are familiar with our monthly series showing the inexorable surge in Chinese gold imports.

IRS Warns Employers: Do Not Try to Avoid ObamaCare Insurance Mandate

CNSNews.com | The IRS said it would soon issue “anti-abuse rules” to discourage employers from taking advantage of any regulatory loopholes.

Nebraska Wendy’s franchisee slashes worker hours to sidestep ObamaCare

FoxNews.com | A Nebraska Wendy’s franchise is slashing employee hours so the owners do not have to pay for health benefits for their workers under ObamaCare’s requirements.

Panic In California As Thousands Of Food Stamps Cards Suffer Brief Outage

Zero Hedge | This past weekend, as part of a system update to the CalWIN software of California’s Social Services department, HP accidentally cancelled EBT cards for some 37,000 Californians. { Yeah … the illegal drug dealers especially were panicking! }

1-09-13 Dave’s Daily: http://www.etfdigest.com ‘NO "BIG WEDNESDAY" FOR MARKETS 1-9-13 If I said markets stabilized you’d think me a realtor describing current conditions. But we rallied slightly taking back some of Tuesday’s losses but still mostly down on the week.Alcoa’s (AA) earnings report did little for the stock’s price but the materials sector (XLB) rallied overall. Holding markets back were financials (XLF) and banks (KBE) (BAC) as worries over forthcoming earnings results have made investors nervous. Technology (XLK) eked-out some gains despite ongoing selling in heavyweight Apple (AAPL) as sector rotation remains in play while software (IGV) and internet rallied (FDN).The dollar (UUP) was slightly higher due mostly to a decline in the yen (FXY). Gold prices (GLD) weakened once again as did oil (USO) and commodity prices (DBC). Along with commodity results you might check out Darin Newsom’s comments regarding the outlook for agricultural commodities. Bonds (TLT) were slightly weaker as stocks came back Wednesday.Overseas markets (EFA) and (EEM) for example moved along higher with U.S. sectors as correlations remain high. There may still be some rotation back to U.S. markets from outperforming overseas markets now the fiscal cliff has passed.There was little economic news aside from energy inventories which were somewhat bearish overall. More data will follow Thursday with Jobless Claims but little else as the week evolves.Volume was absurdly light as investors are holding their fire for more earnings news. Breadth per the WSJ was positive.

T-Minus 30 Days Until The US Begins Defaulting

January 9, 2013 http://gainspainscapital.com

http://albertpeia.com/americadefaulting.htm

A Blight on the Constitution: Congress Approves More Warrantless Wiretapping

https://www.eff.org

http://albertpeia.com/eff10913.htm

Can America Survive If Americans No Longer Agree On A Core Set Of Shared Values? { Short answer: Beyond the propaganda, america already no longer survives as the nation it once was and purports to be; and, the deterioration and decline of this meaningfully lawless nation will continue. UNTOUCHABLE: MF GLOBAL judge nixes group's bid to depose Corzine... [ Pervasively corrupt, defacto bankrupt in every way, fallen america is so far gone they no longer even bother with pretense! ] CONGRESSMAN FLOODED WITH CALLS ON GUN CONTROL: 9-TO-1 AGAINST... , Alex Jones vs. Piers Morgan: '1776 Will Commence Again If You Try To Take Our Firearms'... , REPORT: BANK OF AMERICA Freezes Gun Manufacturer's Account... , Armed Robberies Spike Following Game... [ Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! ] http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

http://theeconomiccollapseblog.com

http://albertpeia.com/americagone.htm

It's Official: It's A Broken Market And "Hundreds Of Thousands" of Orders Affected

Submitted by Tyler Durden on 01/09/2013 - 20:04

It will not come as a surprise to too many Zero Hedge readers but we feel a big told-you-so dance coming on again.  Via BATS:

*BATS SAYS 'SYSTEM ISSUE' CAUSED PRICING PROBLEMS OVER 4 YRS:WSJ

BZX Exchange (10/24/08 - 01/04/13) Average Daily Incidents: 410.1 Total Incidents: 433,039

In simple terms BATS admits that the Reg NMS trading principle of NBBO (National Best Bid or Offer) has failed; meaning the core premise of market structure since 2005 has been massively abused by at least one and likely all exchanges. The bottom-line is that the primary and really only safeguard in the market when HFT was unleashed was never operational and the SEC has had i) no actual supervision over who or what was abusing the NBBO and ii) no way of keeping track of what really happens in the market.

Guest Post: Is American Justice Dead?

Submitted by Tyler Durden on 01/09/2013

Every nation-state has a body of laws woven into the fabric of society. As Peruvian economist Hernando de Soto has commented on extensively, the stronger the rule of law, the stronger the economy. And by "stronger" laws, I mean laws that are impervious to tampering for personal or political gains. The connection between a sound judiciary and economic health is readily comprehensible, except maybe to a politician... businesses and individuals are far more likely to invest capital in a country with understandable laws that are impartially and universally enforced than if the opposite condition exists. That's because the lack of a consistent body of law breeds uncertainty and adds a huge element of risk for entrepreneurs. Which brings us back to the matter at hand – American justice on a slippery slope.

{ Short answer: YES! Chief Justice John Roberts Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm Can America Survive If Americans No Longer Agree On A Core Set Of Shared Values? { Short answer: Beyond the propaganda, america already no longer survives as the nation it once was and purports to be; and, the deterioration and decline of this meaningfully lawless nation will continue. UNTOUCHABLE: MF GLOBAL judge nixes group's bid to depose Corzine... [ Pervasively corrupt, defacto bankrupt in every way, fallen america is so far gone they no longer even bother with pretense! ] CONGRESSMAN FLOODED WITH CALLS ON GUN CONTROL: 9-TO-1 AGAINST... , Alex Jones vs. Piers Morgan: '1776 Will Commence Again If You Try To Take Our Firearms'... , REPORT: BANK OF AMERICA Freezes Gun Manufacturer's Account... , Armed Robberies Spike Following Game... [ Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! ] http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

http://theeconomiccollapseblog.com

http://albertpeia.com/americagone.htm

Small Business Optimism Stagnates (Even Before Higher Taxes)

Submitted by Tyler Durden on 01/09/2013

The release of the National Federation Of Independent Business (NFIB) Small Business Survey for December was much like the report we discussed in November.  In short - there were very few positives to be found.  The current survey was completed prior to the last minute "fiscal cliff" deal that raised taxes on small business owners and employers.  It is unlikely that higher tax rates will spur businesses to expand employment, make capital expenditures or increase production.  Furthermore, with the resolution to the upcoming debt ceiling likely resulting in few, if any, real spending cuts the worries about future economic strength will likely persist. 

Brodsky's Thompsonesque Trip Into The World Of Monetary Idiots Vs Krugman's Barbarians

Submitted by Tyler Durden on 01/09/2013

In light of this evening's entertainment from Paul Krugman, we thought QBAMCO's Paul Brodsky's view of the present debt-ceiling policy-through-the-looking-glass extremely apropos. Speaking of monetary abstractionism, there has been recent talk of a fiscal gimmick called “The Trillion Dollar Coin,” in which a platinum coin valued at $1 trillion would be created by the U.S. Mint for the Treasury Department. Treasury would then rid itself of its pesky fiscal deficit in one fell swoop by simply keeping the coin on deposit at the Fed. The TDC idea is a marvel of political imagination and public ignorance. Obviously, the TDC idea is a political ploy with a targeted mission: to rid the US Treasury of its debt ceiling, which is an increasingly frequent and embarrassing public reminder of government ineptitude. Everyone knows government-led de-levering is not a serious threat. However, the irony of the scheme and its MMT (Modern Money Theory, is espoused by imaginative economists technically proficient in double-entry bookkeeping and deficient in confidence that free marketplaces can provide accurate valuations) / liberal Keynesian promoters could not be more delicious. The scheme exposes the forty year-old charade, otherwise known as the global monetary system, better than any mind-exercise we have been able to come up with.

Postponement, Draghi, And Accounting

Submitted by Tyler Durden on 01/09/2013

The world has done everything humanly possible to put off any tough financial decisions and that is especially true in Europe and in America. The leaders on both Continents just cannot take the heat and so everything possible has been pushed forward in the hopes that economies will improve and that growth will cure the ills brought on by the lack of any real leadership. The centerpiece of the success of lower yields in all of the countries in Europe rests squarely upon Draghi’s “Save the World” plan where the ECB will backstop everything. A careful examination of the numbers and the possibilities limit what can be done in 2013 and the countries in question are Greece, Portugal, Cyprus, Spain and Italy. The other side of the coin here is social unrest that I believe will surface in the spring so that the present general belief that things have improved in Europe is nothing more than a hope which is fashioned by political design. The debt to GDP ratios for each nation in Europe are nothing more than gimmickry. The central banks, phony accounting and a promise by the ECB may well have saved 2012 from an implosion but 2013 brings a new set of circumstances that are far less appealing than last year. Stay safe!

20 Facts About The Collapse Of Europe That Everyone Should Know

Submitted by Tyler Durden on 01/09/2013

The economic implosion of Europe is accelerating. Even while the mainstream media continues to proclaim that the financial crisis in Europe has been “averted”, the economic statistics that are coming out of Europe just continue to get worse. Meanwhile, those of us living in the United States smugly look down our noses at Europe because we are still living in a false bubble of debt-fueled prosperity. But eventually we will feel the sting of austerity as well. The recent fiscal cliff deal was an indication of that. Taxes are going up and government spending is at least going to slow down. It won’t be too long before the effects of that are felt in the economy. And of course the reality of the situation is that the U.S. economy really did not perform very well at all during 2012 when you take a look at the numbers. The cold, hard truth is that the U.S. economy has been declining for a very long time, and there are a whole bunch of reasons to expect that our decline will accelerate even further in 2013. So if you are an American, don’t laugh at what is happening over in Europe at the moment. We are headed down the exact same path that they have gone, and we are going to experience the same kind of suffering that they are going through right now. Use these last few “bubble months” to prepare for what is ahead.

$10,000 Gold And 'Monetary' Roots: From Kunta Kinte To Keynes

Submitted by Tyler Durden on 01/09/2013

The saga of an American family centered around Kunta Kinte's roller-coaster life through freedom and slavery made Santiago Capital's Brent Johnson reflect on just how critical 'roots' are in many aspects of our lives. From anthropology and linguistics to the root of law in the US Constitution and Bill of Rights, Johnson extends the analogy to precious metal derivatives exchanges rooted in trust and explains that money is not the root of all evil. While his political taunts and Keynesian antagonism is well worth the price of admission, it is the discussion of the 'manipulation and debasement of money' as the root of all evil that is key as the manager explains gold's centuries long avoidance of this Lenin- or Keynes-inspired comprehension of how governments can "confiscate wealth" and by a "process of inflation... can overturn the existing basis of society." Gold provides the roots or solid base on which economies have grown (or individuals stored value) for all of recorded history. His conclusion is key - a tree (currency) with no roots simply cannot stand for long and the market will eventually come to the same conclusion it has for the last 5000 years as the OTC derivative bubble implodes.

Why US Prisons Are So Overcrowded

Submitted by Tyler Durden on 01/09/2013

On the day that California's Governor Jerry Brown asks federal judges to lift an order to release prisoners to reduce overcrowding, this brief clip seemed extremely appropriate when considering just why it is that the US prison population is so high (as we noted most recently here). Professor Daniel D'Amico provides some insightful color, noting that fully 24 percent of inmates in U.S. prisons are non-violent drug offenders. The drug war has been adding to a growing U.S. prison population for the past 40 years. Today, the United States holds more human beings in prisons than any other country, both as a percentage of the population and in counting total numbers. The war on drugs has led to significant increases in the U.S. prison population and he argues that perhaps this is an ineffective way to address drug use in America. An interesting dilemma on the day when another 'freedom', that of gun ownership, is up for potential prohibition.

Panic In California As Thousands Of Food Stamps Cards Suffer Brief Outage

Submitted by Tyler Durden on 01/09/2013

This past weekend, as part of a system update to the CalWIN software of California's Social Services department, HP accidentally cancelled EBT cards for some 37,000 Californians. We can only imagine the resulting panic and the scramble by all these Californians who suddenly could not live within their means to print trillion, and other denomination, coins, in the shining example of their government. The OC Register reports that eighteen counties were affected in the CalFresh chaos (the 'friendly' name given to California's food stamp program - also formerly known as the Supplemental Nutrition Assistance Program or SNAP). While we worry for the strippers and liquor stores (AP: and don’t forget particularly the illegal drug dealers) CalWIN and Xerox (the state's primary contractor for administering CalFresh) developed a process to reactivate the cards by Tuesday morning. While this must have been a tough day or two for many, we wonder if Geithner's 'extraordinary' efforts to extend the debt ceiling deadline have perhaps gone a little too far? Finally, instead of minting coins, perhaps Hewlett Packard can remotely update its software in the Fed printers, which can then proceed to print a few cool extra trillion unsupervised, and voila: all of America's problems are gone.

Frontrunning: January 9

Submitted by Tyler Durden on 01/09/2013

A Bold Dissenter at the Fed, Hoping His Doubts Are Wrong (NYT)

China and Japan step up drone race as tension builds over disputed islands (Guardian)

How Mario Draghi is reshaping Europe's central bank (Reuters)

Merkel Economy Shows Neglect as Sick Man Concern Returns (BBG)

US oil imports to fall to 25-year low (FT)

China Loan Share at Record Low Shows Financing Risks (BBG)

Dimon Says Some JPMorgan Execs ‘Acted Like Children’ on Loss (BBG) - children that reveleased who 'excess reserves' are truly used

Fed injects new sell-off risk into Treasuries (FT) - really? So the Fed will stop monetizing the US deficit some time soon?

Obama aide presses Republicans to accept more tax revenues (Reuters)

Ex-SAC analyst named 20 alleged insider traders (FT)

BOJ easing bets help dollar regain ground vs yen (Reuters)

Goldman Sachs Said to Be Part of Fed-Led Foreclosure Settlement (BBG)

Venezuela postpones inauguration for cancer-stricken Chavez (Reuters)

RANsquawk EU Market Re-Cap - 9th January 2013

Submitted by RANSquawk Video on 01/09/2013

1-08-13 Dave’s Daily: http://www.etfdigest.com ‘EARNINGS SEASON BEGINS 1-8-13 Stocks put in back to back session losses as Alcoa (AA) reported adjusted earnings of 6cents which matched expectations. That may not be good enough for bulls who always look for a beat. Wednesday will tell how markets react to this and other earnings results. For now it seems nerves are running a little higher given the previous week’s stock market ramp. Let’s not forget the important driver for now of stock prices—the Fed’s Open Market activities which are priming the pump. The dollar (UUP) was strong but so too was gold (GLD) which shows the normal relationship broken for now anyway. Commodities (DBC) were mostly higher with oil (USO) weighting substantial. Bonds (TLT) were stronger as stocks weakened. Stocks were led lower by various bank components in the financial sector (XLF) and telecom (IYZ).Consumer Credit expanded at a 7% annual clip with most of the gains from autos and especially the developing Student Loan bubble.

http://albertpeia.com/davechart1813.gif

We’ll be keeping this commentary short since Wednesday will probably be more informative regarding market direction. Volume was once again ultra-light and breadth per the WSJ was negative once again…’

If Obama Can Just Create A Trillion Dollar Coin, Then Why Do We Have To Pay Taxes?

http://theeconomiccollapseblog.com

http://albertpeia.com/moneyoutofthinair.htm

By The Numbers: 20 Facts About The Collapse Of Europe That Everyone Should Know

http://theeconomiccollapseblog.com

http://albertpeia.com/20factsofeuropecollapse.htm

And These Are the Folks Who Will Save the World?

January 8, 2013 http://gainspainscapital.com

http://albertpeia.com/idontthinkso.htm

US Mint Sells Massive 3.9 Million Ounces Of Silver Coins In First Few Days Of 2013, Triple December's Total

Submitted by Tyler Durden on 01/08/2013

Just a few days ago we noted the massive surge in physical gold coin sales from the US Mint, with silver surprisingly lagging. Today, we see an even more dramatic surge in the sales of physical Silver Coins in the first week of January, which in a few short days hit 3.94 million oz, already surpassing the entire December total of 1.64 million ounces. It seems that the paper-to-physical currency rotation is gathering pace even as, or thanks to the trillion dollar platinum coin mercifully ending its 15 minutes of page-clicking, ad revenue infamy. In the secondary market, inventories (via APMEX) of Silver coins remain negligible, if any: American Eagles are available as follows: 2013s may be available 1/18, maybe not; 2012 - 0; 2011 - 0; 2010 - 0; 2009 - 0; 2008 - 0; 2007 - 0; 2006 - 0; 2005 - 0; 2004 - 0; 2003 - 0; 2002 - 0. They do have some 2000, 2001 and 2007, all about $5-6 over spot! It seems ever more people are getting nervous about the impact of currency wars on their "money"... or perhaps just want to make Silver shirts to attract the females?

Howard Marks: "There Are Times For Aggressiveness; Now Is A Time For Caution"

Submitted by Tyler Durden on 01/08/2013

Oaktree Capital's Howard Marks begins his latest missive with a few hard truths. Anyone who has read his memos of the last 23 years will see he returns often to a few topics. This is due to the frequency with which themes tend to recur in the investment world. Humans, he notes, often fail to learn. They forget the lessons of history, repeat patterns of behavior and make the same mistakes. As a result, certain themes arise over and over. Mark Twain had it right: “History doesn’t repeat itself, but it does rhyme.” The details of the events may vary greatly from occurrence to occurrence, but the themes giving rise to the events tend not to change. Most or all of these themes have to do with behavior that’s observed in the markets over and over. The good news is that today’s investors are painfully aware of the many uncertainties. The bad news is that, regardless, they’re being forced by the low interest rates to bear substantial risk at returns that have been bid down. Their scramble for return has brought elements of pre-crisis behavior very much back to life. In 2004, I stated the following conclusion: “There are times for aggressiveness. I think this is a time for caution.” Here as 2013 begins, I have only one word to add: ditto.

Guest Post: Japan Explores War Scenarios with China

Submitted by Tyler Durden on 01/08/2013

As Japan’s Liberal Democratic Party national defense task force announced on Jan. 8 that it would increase the nation’s defense budget by more than 100 billion yen ($1.15 billion), three of five scenarios explored by the defense ministry recently involve the Self-Defense Forces squaring off against the People’s Liberation Army (PLA). While the scenarios remain in the realm of speculation, Japan’s inclusion of a Taiwan contingency again underscores the importance Tokyo places on Taiwan remaining de-facto independent. Certainly, China’s assertiveness in 2012 in both the East China and the South China Sea has done little to reassure Tokyo that it could live comfortably with a CCP-controlled Taiwan so close to its waters and territory.

America's PhDs On Foodstamps

Submitted by Tyler Durden on 01/08/2013

When job hunting in one's field turns tough, college graduates may return to school for another degree (even in economics). But for some Americans, multiple degrees won't guarantee a job in their field (or even at the Fed) - or even keep them above the poverty level... Over the past few years, more and more highly educated people have turned to food stamps and other forms of welfare for help...

Bank Of America On The "Trillion Dollar Tooth Fairy" Straight "From The Land Of Fiscal Make Believe"

Submitted by Tyler Durden on 01/08/2013

A year ago, out of nowhere, the grotesque suggestion to "resolve" the US debt ceiling with a platinum dollar coin came, and like a bad dream, mercifully disappeared even as the debt ceiling negotiations dragged until the last minute, without this idea being remotely considered for implementation, for one simple reason: it is sheer political, monetary and financial lunacy. And yet there are those, supposedly intelligent people, who one year later, continue dragging this ridiculous farce, as a cheap parlor trick which is nothing but a transparent attempt for media trolling and exposure, which only distracts from America's unsustainable spending problem and does nothing to address the real crisis the US welfare state finds itself in. And while numerous respected people have taken the time to explain the stupidity of the trillion dollar coin, few have done so as an integral part of the statist mainstream for one simple reason - it might provide a loophole opportunity, however tiny, to perpetuate the broken American model even for a day or two, if "everyone is in on it." Luckily, that is no longer the case and as even Ethan Harris from Bank of America (a firm that would be significantly impaired if America was forced to suddenly live within its means), the whole idea is nothing more than "the latest bad idea" straight "from the land of fiscal make believe." We can only hope that this finally puts this whole farce to bed.

A Hard Landing In China Part 1 - Evolution And Response

Submitted by Tyler Durden on 01/08/2013

The Chinese economy has been enjoying a cyclical rebound since the beginning of Q4 2012. SocGen's central scenario is that this recovery will last until early Q2 2013 and then gradually lose momentum. In the medium term, they still anticipate a bumpy path of secular deceleration, leading to an average growth rate of 6-7% over the next five to seven years, down from 10% per annum over the last three decades. This piece focuses on what is probably the most popular “what-if” question about the Chinese economy – what if China hard lands (with real GDP growth rate plummets to below 6%)? As China undergoes demographic ageing and growth of the working-age population slows, this minimum stable growth level will decline further. However, if progress in rebalancing and structural reform remains slow, the probability of a hard landing will rise over the medium term. In the tail risk scenario set out below, 2013 will see several quarters with just 3% growth and full year growth would stand at just 4.2%, but what are th triggers, how would it evolve, how would the government respond, and how bad could things get?

The Trends to Watch in 2013

Submitted by Tyler Durden on 01/08/2013

Rather than attempt to predict the unpredictable – that is, specific events and price levels – let’s look instead for key dynamics that will play out over the next two to three years. Though the specific timelines of crises are inherently unpredictable, it is still useful to understand the eventual consequences of influential trends. In other words: policies that appear to have been successful for the past four years may continue to appear successful for a year or two longer. But that very success comes at a steep, and as yet unpaid, price in suppressed systemic risk, cost, and consequence.

Apple Working On Cheaper, "Commoditized" iPhone

Submitted by Tyler Durden on 01/08/2013

In what may be very disturbing news for the AAPL-borg collective and the broader Hotel AAPLfornia, WSJ is reporting that Apple is working on a lower-end iPhone, a move which it dubs "a big shift in strategy as its supremacy in smartphones has slipped." To call this a big shift is a major understatement: no longer will Apple have the premium, ultra-luxury, aspirational product cache, which for a broad selection of its customers was the primary reason to keep buying iteration after iteration of the company's releases and lining up in droves around the block on release day. Especially since anyone seeking a "cheaper" iPhone could just buy a previous generation iteration of a gadget whose new product launch cadence is now jumping to twice a year, soon thereafter three times, and so on. Yet saddest for all those who have watched the progress of this iconic company over the past decade from the sidelines regardless of sentiment, the consumer products "Ferrari" that Steve Jobs built, just announced it is launching its own Yugo.

November Consumer Credit Soars, Driven By Student And Car Loans: 95% Of All 2012 Consumer Debt Funded By Uncle Sam

Submitted by Tyler Durden on 01/08/2013

SSDM: just like in October, and September, and August, and so on, November consumer credit saw a decent pick up of $16 billion, well above the expectation of $12.75 billion, above the $14.1 billion in October, and the third highest monthly print of 2012. And if this was driven even remotely by actual short-term consumption demand, it would likely be a good sign, as it would imply consumers have more faith in being able to repay their credit cards. Sadly, of the entire $16 billion jump, only $817 million, or 5%, was based on a jump in revolving credit. The real "growth" came as usual courtesy of Uncle Sam handouts, solely in the form of auto and student loans, which accounted for a whopping $15.2 billion of the increase in consumer debt, the second largest jump in the year, second only to the $18 billion in January. And as everyone knows, student loans are already on fast track to forgiveness (full forgiveness in 10 years if one works for the government), as will be the case for those NINJAs who buy GM cars using government loans. For all of 2012, a whopping $130 billion of the $137 billion total has been in the form of government handouts. In other words, nearly 1% of 2012 GDP has been funded by Uncle Sam in the form of (dischargeable) loans which everyone else will be responsible for, until nobody at all is responsible.

Frontrunning: January 8

Submitted by Tyler Durden on 01/08/2013

London Quantitative Hedge Funds Report Second Year of Losses (BBG)

Berlusconi Forms Alliance in Comeback Bid (WSJ)

Japan to Buy ESM Bonds Using FX Reserves to Help Weaken Yen (BBG)

Japan Mulling BOJ Accord Linked to Employment, Mainichi Says (BBG)

Samsung Expects Record Operating Profit (WSJ)

Boeing 787 Dreamliner Fire Probed, Blaze Adds to Setbacks (BBG)

BOJ's Shirai: Open to Firmer Inflation Target (WSJ)

HSBC N.J. Client Admits Conspiracy in Offshore Tax Case (BBG)

Lampert to Assume CEO Role at Sears (WSJ)

Abe prepares fresh stimulus measures (FT)

U.S. Set for Biggest State-Local Jobs Boost Since 2007 (BBG)

Pakistan Seen Needing IMF Bailout as Rupee Drops Before Vote (BBG)

RANsquawk EU Market Re-Cap - 8th January 2013

Submitted by RANSquawk Video on 01/08/2013

1-07-13 Dave’s Daily: http://www.etfdigest.com ‘PROFIT-TAKING MONDAY 1-7-13 Stocks were due for a pullback and early debt ceiling lines in the sand by the combatants stimulated some selling. I’m happy to report ETF Digest 2012 portfolio returns from 7 model portfolios were 6%, 7%, 15%, 16%, 17%, 20% and 22%. The lowest returns were from portfolios with the heaviest cash balances. So it’s onward to 2013 with many challenges ahead.There was little in the way of economic news and earnings season will be much in view as Alcoa (AA) leads the charge with fourth quarter results. Beginning January 10^th the ECB will be meeting with the focus on eurozone interest rates and Draghi’s pledge to defend the euro (FXE). Further the yen (FXY) rallied from a 3 week low as investors study what the ECB will do. Overall the yen is a crowded short trade and some feel there will be some resistance against newly elected Prime Minister Abe’s stimulus designed to weaken the yen and stimulate growth. Many believe the overall yen trade target is 90 to the U.S. Dollar (UUP) which fell Monday.Gold (GLD) continues its battle to find direction even as noted the dollar was weaker. Commodity prices (DBC) were mixed to flat. Stocks were broadly lower by less than half a percent.As a consequence of the overall lackluster action this commentary will be short as we await more action. Volume was quite light once again on selling. Breadth per the WSJ was mixed to mildly negative overall…’

Large Cities All Over America Are Degenerating Into Gang-Infested War Zones

http://theeconomiccollapseblog.com

http://albertpeia.com/uscitieswarzones.htm

America Is Being Systematically Transformed Into A Totalitarian Society

http://endoftheamericandream.com

http://albertpeia.com/totalitarianus.htm

Daily Market Commentary (1-7-13): The Biggest Gift Investors Have Received In a While

January 7, 2013 http://gainspainscapital.com

http://albertpeia.com/thebigsurprise.htm

Dear Steve Liesman: Here Is How The US Financial System Really Works

Submitted by Tyler Durden on 01/07/2013

Earlier today, Bill Frezza of the Competitive Enterprise Institute and CNBC's Steve Liesman got into a heated exchange over a recent Frezza article, based on some of the key points we made in a prior post "A Record $2 Trillion In Deposits Over Loans - The Fed's Indirect Market Propping Pathway Exposed" in which, as the title implies, we showed how it was that the Fed was indirectly intervening in the stock market by way of banks using excess deposits to chase risky returns and general push the market higher. We urge readers to spend the few minutes of this clip to familiarize themselves with Frezza's point which is essentially what Zero Hedge suggested, and Liesman's objection that "this is something the banks don't do and can't do." Liesman's naive  view, as is to be expected for anyone who does not understand money creation under a fractional reserve system, was simple: the Fed does not create reserves to boost bank profits, and thus shareholder returns, and certainly is not using the fungible cash, which at the end of the day is what reserves amount to once dispersed among the US banks, to gun risk assets higher.

Alas, Steve is very much wrong.

Meet Jack Lew: Tim Geithner's Replacement

Submitted by Tyler Durden on 01/07/2013

Bloomberg is out after hours with news that was expected by many, but which was yet to be formalized, until now: namely that following today's flurry of contntious nomination by Obama, the latest and greatest is about to be unveiled - Jack Lew, Obama's current chief of staff, is likely days away from being announced as Tim Geithner's replacement as the new Treasury Secretary of the United States. In other words, Jack will be the point person whom the people who truly run the Treasury, the Treasury Borrowing Advisory Committee, chaired by JPM's Matt Zames (who just happens to also now run the notorious JPM Chief Investment Office which uses excess deposits to gamble - yes, you really can't make this up) and Goldman's Ashok Varadhan, global head of dollar-rate products and FX trading for North America (recently buying a $16 million pad at 15 CPW) will demand action from.

Greek Banks To Merkel: "Please Ma'am, Can We Have Some Moar", Or Here Comes Bailout #4

Submitted by Tyler Durden on 01/07/2013

As loathed as we are to say "we told you so," but we did and sure enough eKathimerini is reporting this evening that: thanks to the 'voluntary' haircuts the Greek banks were force-fed via the latest buyback scheme and the political uncertainty causing non-performing loans (NPLs) to rise (in a magically unknowable way), they will need significantly more 'capital' to plug their increasingly leaky boats. The original Blackrock report from a year did not foresee a rise in NPLs (which Ernst & Young now estimates stands at 24% of all loans) and the buyback dramatically reduces the expected profitability of the banks as it removes critical interest payments that would have been due. Whocouldanode? Well, plenty of people who did not just buy-in blindly to the promise of future hockey-stick returns to growth. Expectations are now for the Greek bank recap to be over EUR30bn.

The Three Key Charts Before The Launch Of Earnings Season

Submitted by Tyler Durden on 01/07/2013

A total of 22 companies, 4% of the S&P 500 market cap, have reported 4Q12 results. Of these, 64% have topped revenue estimates and 68% topped earnings estimates (considerably lower than average). Aggregate earnings results have exceeded estimates by 1%, revenues have missed by 0.5%, and blended margins are down 12bps y/y. As Barclays' Barry Knapp notes, the last several quarters, earnings seasons have generally been characterized by revenue misses, earnings beats (but by a shrinking amount), and negative guidance; as a result, there has been a negative skew to stock prices. In other words, in the immediate  aftermath of the report, earnings beats are marginally outperforming the market, while misses get hammered, primarily due to weak forward guidance. The sustainability of earnings growth remains key given the weak top-line environment and these three self-explanatory charts should hopefully put some fundamental color around the perspective that earnings season will be a negative for the market overall.

Guest Post: Inflation Since The American Revolution

Submitted by Tyler Durden on 01/07/2013

As is clear by this chart, inflation was virtually unheard of until the Creature from Jekyll Island (the Federal Reserve) took over.  However, more importantly, things didn’t really start to get bad until the 1970?s right after Nixon took the nation off the gold standard in 1971.  Since that time, America has seen a period of non-existent real wage growth and a huge gap grow between the rich and the poor ever since.  Nothing like livin’ the debt slave dream!

Equities Stumble As VIX Term Structure Keeps Steepening

Submitted by Tyler Durden on 01/07/2013

S&P 500 futures (ES) ended practically unchanged (though cash was down ~5pts) on relatively weak volume but decent average trade size - thanks in large part to the entirely ubiquitous rampathon into the close. A less-than-8pt range in ES saw the standard larger block sizes come through into the close as we ramped. Stocks were supported by USD weakness (-0.35%) but commodities ignored it (as did Treasuries). The front-end of the VIX term structure was the ramping-weapon choice today once again collapsing to red as S&P 500 futures were driven up to unchanged (and Friday's VWAP). The VIX term-structure has is its steepest in over three months and has steepened its most in 20 months over the past 5 days. HYG (also levered for a ramp) surged once again (to last week's key VWAP) squeezed this afternoon as its short-interest reaches record high levels (as it seems every HY manager is hedging via the ETF since the underlying has become increasingly illiquid) with some big blocks going through. Rates overall oscillated in a narrow +/-2bps range today (not exactly the big rotation) as we suspect, given the chatter of IG issuance this week, that last week's weakness was more rate-locks and hedging (as we have seen time after time) than asset rotations. Overall, today was an equity catch-down day to risk-assets overall.

The Ten Charts Ignored By Bulls

Submitted by Tyler Durden on 01/07/2013

In addition to our recent discussion of the macro-economic data in the US rolling over, and the epic proportions of net risk-taking longs, Credit Suisse outlines ten further indications that equities might be due for a 'consolidation'. Translating from sell-side research gobbledygook into reality, equity bulls are merely demonstrating the traditional phases of momentum-inspired euphoria in the face of ongoing fundamental contraction (not to mention a decline in consumption and marginal US purchasing power) - and earnings expectations, US fiscal tightening, and a modest rise in deficit-increasing real bond yields will not help.

Cliff Asness: "Nobody, Left Or Right, Really Thinks The Math Works, No Matter What They Say In Public"

Submitted by Tyler Durden on 01/07/2013

The only way to finance a big European-style state is to have it paid for by massive taxation of everyone, mostly the middle class. Right now, we are avoiding honest debate on this fact. The central issue of our time is the debate over the size and scope of government. Two unpleasant but undeniable mathematical truths limit the feasible policy choices. The first truth is that the current tax rates cannot support the promises made to middle-class Americans. The second truth is that you cannot pay for the Life of Julia, or any vision of a cradle-to-grave welfare state, without massive and increasingly regressive middle-class taxes. Not only that, it's easy to tax middle-class assets and transactions but soaking the rich means taxing investments, and problematically, investments are the lifeblood of economic growth. The choice the country faces is simple. What we cannot have is the Life of Julia at no additional burden to 99 out of 100 of us. The way to boil the frog of freedom is slowly.

In Case There Was Any Confusion Just Who The Fed Works For...

Submitted by Tyler Durden on 01/07/2013

Today, to little fanfare, the Fed announced a major binding settlement with the banks over robosigning and fraudclosure, which benefited the large banks, impaired the small ones (which is great: room for even more consolidation, and even more TBest-erTF, which benefits America's handful of remaining megabanks), and was nothing but one minor slap on the banking sector's consolidated wrist involving a laughable $3 billion cash payment. As part of the settlement, the US public is expected to ignore how much money the banks actually made in the primary and secondary market over the years courtesy of countless Linda Greens and robosigning abuses. A guess: the "settlement" represents an IRR of some 10,000% to 100,000% for the settling banks. We are confident once the details are ironed out, this will be an accurate range.  Yet what is most disturbing, or not at all, depending on one's level of naivete, is the response of Elijah Cummings, ranking member of the house Committee on Oversight and Government Reform. As a reminder, Congress had demanded that the settlement not be announced before there was a hearing on it. This did not even dent the Fed's plans to proceed with today's 11 am public announcement which can now not be revoked. It is Cummings' response which shows, yet again, just who is the true master of the Federal Reserve.

More Central Bank Gimmicks Exposed As European Collateral Shortage Deteriorates

Submitted by Tyler Durden on 01/07/2013

The epic farce that is the opaque balance sheets of European banks, sovereigns, NCBs, and the ECB, continues to occur under our very eyes. Only when one sniffs below the headlines is the truth exposed with no apology or recognition of 'cheating' anywhere. To wit, following November's farcical over-payment on collateral by the ECB to Spanish banks (that was quietly brushed under the carpet by Draghi et al.), Germany's Die Welt am Sonntag has found that the Bank of France overpaid up to EUR550mm ($720mm) on its short-term paper financing to six French and Italian banks. The reason - incorrect evaluation of the crappy collateral (i.e. the NCB not taking a big enough haircut for risk purposes) on 113 separate occasions. The problem lies in the increasingly poor quality of collateral the CBs are willing to accept (and the illiquidity of the underlying markets) - as higher quality collateral disappears; which leaves the central bankers clearly out of depth when it comes to 'risk management', no matter how many times Draghi tells us this week.

Revolution Vs "Turboparalysis" - The Real New Normal

Submitted by Tyler Durden on 01/07/2013

More than half a decade has passed since the recession that triggered the financial panic and the Great Recession, but the condition of the world continues to be summed up by what The Spectator's Michael Lind calls ‘turboparalysis’ - a prolonged condition of furious motion without movement in any particular direction, a situation in which the engine roars and the wheels spin but the vehicle refuses to move. By now one might have expected the emergence of innovative and taboo-breaking schools of thought seeking to account for and respond to the global crisis. But to date there is no insurgent political and intellectual left, nor a new right, for that matter. Why has a global calamity produced so little political change and, at the same time, so little rethinking? Part of the answer, has to do with the collapse of the two-way transmission belt that linked the public to the political elite. But there is a deeper, structural reason for the persistence of turboparalysis. And that has to do with the power and wealth that incumbent elites accumulated during the decades of the global bubble economy. But it is coming...

Gallup Finds December Consumer Spending... Soared?

Submitted by Tyler Durden on 01/07/2013

Listening to talking heads and certainly to various retail associations, US consumer spending in December was lackluster driven by such traditional scapegoats as "lack of confidence ahead of the Fiscal Cliff", lack of clarity on taxation, fears about what the market may do, etc. And while retailers certainly did report a very mixed sales report for both November and December, it certainly was not due to lack of spending, at least not according to Gallup. Curiously, and rather inexplicably, the polling organization found that in December the average self-reported daily spending in stores, online, and in restaurants rose by a whopping $10 to $83. This was the highest monthly figure Gallup has reported since December 2008. It is also the first reading above the $80 mark since the 2008-2009 recession. But how is that possible? Wasn't the strawman that nobody would spend due to fiscal and tax uncertainty? Apparently not, and this unleashes merely the latest episode of baffle with BS, where data from one source contradicts directly what has been reported from other aggregators of spending data.

Worst Is First In 2013 As Most-Shorted Names Soar (Again)

Submitted by Tyler Durden on 01/07/2013

From a week after the election, the most-shorted names in the major indices have been the massive outperformers and drivers of this market exuberance (+16.4% versus 8.4% market). That story has not stopped as 2013 has seen the squeeze continue as the year-end strategy of piling into the most-shorted names has worked. From the opening levels on January 2nd (with today seeing even more divergence), the most-shorted Russell 2000 names are dramatically outperforming. It would appear, as Bloomberg notes in its recent article on 2012's most-hated companies' outperformance, that "It's not just hard to be short, it is painful." Of course, they also note one manager's view that "The risk is that if this market rally has been based on short covering and that was all it was, then there’s no further money following, the rally is then either dead or not sustainable." Especially with net spec longs at near-record highs, this has unsustainability written all over it.

Banks Put Linda Green Behind Them With $10 Billion Robosigning Settlement

Submitted by Tyler Durden on 01/07/2013

The chapter on robosigning, i.e., Fraudclosure, is now closed with a $10 billion wristslap on US banks, of which a whopping $3.3 billion in the form of direct cash and $5.2 billion in "other assistance." The banks who are now absolved from any and all Linda Green transgressions in the past include: Aurora, Bank of America, Citibank, JPMorgan Chase, MetLife Bank, PNC, Sovereign, SunTrust, U.S. Bank, and Wells Fargo. And so, banks can resume to resell properties with mortgages on which the original lien may or may not have been lost in the sands of time.

Guest Post: Why Austerity Is Triggering a Crisis

Submitted by Tyler Durden on 01/07/2013

In economies dependent on ever-rising consumption, austerity had a negative connotation even before its politically charged meaning commandeered the public debate. When the entire Status Quo depends on discretionary consumption not just for "growth" but for its survival, austerity is welcomed with approximately the same enthusiasm Superman reserves for Kryptonite. This is of course a contradiction: an economy based not just on consumption of all net income but debt-based consumption is an economy devoid of savings, i.e. capital to invest in productive assets. An economy without capital is lacking a key component of classic capitalism. The loss of resilience and cost sensitivity has consequences. We have created an economy with an extremely high cost-basis, and as a result it is brittle, fragile and vulnerable to even modest "austerity."

Fannie Says Household Financial Situtation Outlook Slumps To Worst Since August 2011

Submitted by Tyler Durden on 01/07/2013

Fannie was already in the news this morning courtesy of the $10 billion settlement announced between the GSE and Bank of America. Let's make it two in a row courtesy of the firm's monthly housing survey in which one aspect, the ongoing expectation that home prices will continue to rise driven by the recent momentum, should come as no surprise: there is always hope that this dead cat bounce is different and unlike the previous three, and will result in something substantial. It won't, once all those millions of properties held on bank books and generating zero cash flow (remember: BAC's 6+ month delinquent mortgages now amount to a whopping $64 billion) are unleashed on the market once the subsidized housing price is perceived as sufficient by most as a new, and satisfactory, clearing price. What was surprising was the consumer outlook on the economy and personal finances, which was diametrically opposite, and in fact those who expect that their personal financial situation will get worse in the next 12 months rose to the highest since August 2011.

RANsquawk EU Market Re-Cap - 7th January 2013

Submitted by RANSquawk Video on 01/07/2013

BofA Settles With Fannie Mae Over Reps And Warranties For $10 Billion, To Incur $2.7 Billion Pretax Hit

Submitted by Tyler Durden on 01/07/2013

As had been widely expected, days before a National Mortgage/Foreclosure settlement is formally announced, the most exposed banks have started tying up the loose ends with the other nationalized entities. Sure enough, moments ago Bank of America just announced a $10 billion settlement with one of the GSEs - Fannie, whose CEO Tim Mayopoulous was BofA's former General Counsel and one of the people scapegoated by Ken Lewis. As just reported, as part of the agreement to settle representations and warranties claims, Bank of America will make a cash payment to Fannie Mae of $3.6 billion and also repurchase for $6.75 billion certain residential mortgage loans sold to Fannie Mae, which Bank of America has valued at less than the purchase price. These actions are expected to be covered by existing reserves and an additional $2.5 billion (pretax) in representations and warranties provision recorded in the fourth quarter of 2012. Bank of America also agreed to make a cash payment to Fannie Mae to settle substantially all of Fannie Mae’s outstanding and future claims for compensatory fees arising out of past foreclosure delays. This payment is expected to be covered by existing reserves and an additional provision of $260 million (pretax) recorded in the fourth quarter of 2012. Bottom line: hit to Q4 pretax earnings will be $2.7 billion. Yet, as BAC notes, despite the settlement, "Bank of America expects earnings per share to be modestly positive for the fourth quarter of 2012." Which means prepare for one whopper of a loan-loss reserve release for the quarter as more "earnings" are nothing but bookkeeping gimmicks.

Frontrunning: January 7

Submitted by Tyler Durden on 01/07/2013

Secret and Lies of the Bailout (Rolling Stone)

Banks Win 4-Year Delay as Basel Liquidity Rule Loosened (BBG)

Hedge Funds Squeezed With Shorts Beating S&P 500 (BBG)

Bankruptcy regime for nations urged (FT)

Is the Fed Doing Enough—or Too Much—to Aid Recovery (WSJ)

Cracks widen in US debt ceiling debate (FT)

McConnell Takes Taxes Off the Table in Debt Limit Negotiations (BBG)

Abe Seen Spending 12 Trillion Yen to Boost Japan’s Economy (BBG)

Monti, Berlusconi Spar on Taxes in Weekend Media Barrage (BBG)

Cameron Sets New Priorities for U.K. Coalition (BBG)

Defiant Assad Rules Out Talks With Rebels (WSJ)

Korea Seen Resisting Rate Cut as Won Threatens Exports (BBG)

1-04-13

Dave’s Daily: http://www.etfdigest.com ‘TRILLION DOLLAR COIN TO WIPE OUT U.S. DEBT 1-4-13 The Employment situation was relatively unchanged (155K jobs vs 155K expected & prior 148K) while the unemployment rate inched higher (7.8% vs 7.8% expected & prior 7.7%) The underemployment data showed conditions still at 63.6% or 14.4% that isn’t good frankly. Secretary of Labor Linda Solis expounded on the data by spinning, “…we created jobs by paying people not to work”. This is the kind of Orwellian talk we get from unqualified PC political appointments. (The CNBC interview is here but you’ll have to get beyond 3:00 minutes to catch this.)  Some thought an unremarkable employment report had a “goldilocks” feature to it meaning simply “even tepid news was good” since it wouldn’t stimulate the Fed to back-off current policies.But there was some good news from ISM Services which jumped (56.1 vs 54.5 expected & prior 54.7). Perhaps this was seasonal hiring and post-Sandy activity. On the other hand Factory Orders fell (0% vs .3% expected & prior .8%).Pimco’s Bill Gross wrote in his monthly letter his gripe about the Fed’s free money printing policies. And speaking of the Fed, St Louis Fed President James Bullard suggested the Fed might end QE in 2013. And some more desperate commentators are promoting trillion dollar coins (platinum the current choice) to wipe out our debt. It’s quite amusing but liberal blogs are seriously promoting it.So Friday’s news was Fed-centric as stock prices continued to hold and add to the recent rally. The dollar (UUP) rally continued but then eased late allowing gold (GLD) to recapture early losses. Commodity prices (DBC) were lower overall. Bonds (TLT) managed to eke-out a small price gain but suffered on the week with stocks rising and QE uncertainty.Stocks were led higher once again by financials (XLF) and materials (XLB). Financials were pushed higher by Goldman Sachs positive calls for Citigroup (C) and with materials hopes for a good report from Alcoa (AA) on Tuesday. Tech (QQQ) shares underperformed as Apple (AAPL) dropped nearly 2.5% while Microsoft (MSFT) also saw losses. So rotation within the markets to long neglected sectors from technology seems the order to start 2013. At the same time earnings for both tech and financials have been reduced by 10% by S&P Dow Jones Indices.It’s still hard to imagine with taxes hitting 77% of the population combined with what should be an ugly debt ceiling fight the economy and markets would do well. But, who’s to argue with the tape now? Volume overall was ultra-light once again but then they don’t put this data on your brokerage statement. Breadth per the WSJ was positive…’

65 Percent Of Americans Believe That 2013 Will Be A Year Of Economic Difficulty

http://theeconomiccollapseblog.com

http://albertpeia.com/65percentbelieve2013economicallybaditis.htm

Opinion: Congress, president have insatiable need to spend STLtoday.com { Yes! This is why, along with the pervasive corruption and defacto bankruptcy of the nation, term limits across the board are necessary, and without exceptions. After all, in the immortal (campaign slogan) words of dick (nixon), ‘experience counts’! Indeed it does! For good or ill, and nobody can deny the nation’s very ill. Term limits would eliminate the perceived and in fact need to refrain from enforcing laws against huge fraudsters/campaign bribers/contributors. Moreover,’pork’ would give way to leaner cuts/spending more rationally based. By every rational criterion, congress will have to work for their pay consistent with their promises; and, not get to comfortable just ‘being there’ and all that that unfortunately entails. I’ve seen the lack of resolve/courage/principle/competence first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

Did the Fed Lie About QE 3 and 4?

January 4, 2013 http://gainspainscapital.com

http://albertpeia.com/fedlies.htm { Do bears s**t in the woods? Is the Pope Catholic? Did the fed previously say no recession, etc.? Of course they did and do … all the time! }

The Middle Class In America Is Being Wiped Out – Here Are 60 Facts That Prove It

http://thetruthwins.com

http://albertpeia.com/middleclasswipeout.htm

Dear SEC, This Is HFT "Cheating" At Its Most Obvious. Regards, Everyone Else

Submitted by Tyler Durden on 01/04/2013

While prosecuting the wrongdoers is clearly not part of the new normal (see Sokol et al.), what Nanex found this morning beggars belief - both in its method of manipulation and clarity that our regulators are clueless. As they note, the high frequency traders (HFT) are at it again. Contorting the spirit of the rules, because those who wrote the rules aren't technically savvy. On January 4, 2013, we found another instance of HFT morphing their manipulative and illegal quote stuffing strategy in an effort to fly under the radar. Why they don't just stop this manipulative practice altogether tells us a few things. First, this isn't some coding error, this is sophisticated cheating. And second, because they are spending valuable programming time on this strategy, there must be some real economic advantage. Which mean a disadvantage to everyone trading against them.

Did Markets Or Manipulations "Save The World" In 2012?

Submitted by Tyler Durden on 01/04/2013

Central Planners are trying with all their might to force people into behaviors and financial assets that are in direct contrast to their logic as well as long term financial well being.  This is the height of immorality, not to mention hubris.

“In general [traders/economists] are trained to analyze the economic data, balance sheets and so on. They’re not trained to predict political decisions. These factors have ruled the lives of fund managers in a more significant manner than what used to be over the past 20 or 30 years.”

The paragraph above pretty much sums it up.  There are no markets, there are manipulations.

How Fiat Currency Leads To 'Collective Corruption'

Submitted by Tyler Durden on 01/04/2013

Ex-Barclays chief 'Austrian' economist Thorsten Polleit provides a few clarifying thoughts on the hyperinflatory endgame (and democracy-crushing impact) of the fiat currency environment. Critically, Polleit notes that fiat currency tends to result in "collective corruption" in societies, and how this then leads to hyperinflation, despite the dangers to society that hyperinflation always brings. Ring some bells? This brief interview (with more detailed article below) stretches from the development of the global fiat currency regimes over the last 40 years to the increasing levels of debt that may (just as Kyle Bass and others have noted) mark the terminal decline of the fiat regime and the self-serving majority electing themselves into a vicious circle. Mises noted:

"The masses... do not conceive any ideas, sound or unsound. They only choose between the ideologies developed by the intellectual leaders of mankind. But their choice is final and determines the course of events. If they prefer bad doctrines, nothing can prevent disaster." If these "uncommon men" become "court intellectuals," the door will be opened for effectively spreading of false theories, supporting government-friendly ideas."

Must watch.

Friday Night Dump: CBO Admits Error, Now Expects Another $600 Billion In Deficits From Obama Tax Cuts

Submitted by Tyler Durden on 01/04/2013

Two weeks ago, when we commented on the biggest farce in financial thinking at the time (promptly replaced by the even more lunatic platinum coin "idea"), namely that one of the main "spending cut" proposals of the Obama administration, one amounting to $290 billion, was the assertion that the US will save hundreds of billions because, get this, interest rates are now lower than they were before. We commented as follows: "this is where one's Excel refs out, because the interest payment on Treasurys, at least in a non-banana republic, one set to see 120 debt/GDP in 3-4 years, is a function of fiscal decisions (central-planning notwithstanding), and to make the idiotic assumption that one can control interest rates for 10 years (central-planning notwithstanding), just shows what a total farce this whole exercise has become, and also shows that nobody in the administration, or the GOP for that matter, has even modeled out the resultant budget pro forma for the proposed tax hikes and budget "savings" as that would blow up said excel model immediately." We now learn that one other entity that did not fully model out the last minute Fiscal Cliff deus ex, and especially not the recursive debt relationship in a country where half the government spending is funded by debt, is the always amusing CBO (whose epic prediction failure rate has been discussed here on numerous occasions). It appears that they just did, after the close, on Friday. The outcome? Their initial estimate of a $4.0 trillion budget increase was wrong and when one factors in the fact that this incremental spending would have to be funded by, you guessed it, debt, debt which has interest, the full impact of the Obama tax cut rises deficits by 15% to $4.6 trillion over the next decade.

Oops.

Why December's Front-Loaded Gain Will Be January's Pain: Biderman Explains

Submitted by Tyler Durden on 01/04/2013

Wondering where the somewhat out-of-character economic improvements of Q4 2012 data came from - given Sandy and the fiscal cliff uncertainty? Wonder no longer. Charles Biderman, CEO of TrimTabs, has done the data-mining and explains, quite succinctly in this clarifying clip, just what happened in Q4 2012. To wit, after-tax income saw a somewhat impressive (but "don't get too excited" he adds) post-election spike as individuals (and small businesses) front-ran expectations of tax-rises in 2013 by pulling forward income and bonuses etc. into 2012. Q4 income rose by over 6% YoY, which , he believes means Q1 2013 income will be correspondingly lower. Following an epic rant/exposition of the higher taxes US citizens will be paying, Biderman batters GDP (and the government's infinite idiocy) instead focusing on the real recession of lower after-tax take-home-pay and expects Q1 to see the US plunge with the "US economy starting out the new year on its butt!" Then, as a bonus, he destroys the nonsense myth that the US housing recovery is leading us forward.

Vol Dumped; Stocks Pumped; Treasuries... Jumped?

Submitted by Tyler Durden on 01/04/

S&P 500 futures lurched in a vol-driven mania above their implicit QE3 highs (stop-run) and yay verily there was much rejoicing as cash S&P 500 reached closing levels not seen since December 2007. The only trouble with all this jubilation - Treasuries rallied all day (so no 'Great Rotation'), high-yield credit was having none of it, and AAPL positively hated it (though financials had their best week since the stress tests in March). Average trade size surged as did volume into these highs and as we noted before, the VIX term-structure is now at its steepest in 5 months - as hedgers shift their positions out past the debt-ceiling deadline (and implicitly crush short-term vol spurring the rally further). But, into the close, S&P 500 futures were decidedly skittish as it appeared we ran out of greater fools for a few seconds at the close (via @nanexllc $1.1B worth of $SPY and 25,000 eMinis in last few seconds). Equities pulled away from the rest of risk-assets in the last 30-minute ramp closing the week right at the QE3-day highs, with the USD +1% on the week.

FleeceBook: Meet Michael Cross, Head Of FX And "Market Intelligence" At The Bank Of England

Submitted by Tyler Durden on 01/04/2013

Last week we introduced our readers to the BIS' Head of Foreign Exchange and Gold, Benoit Gilson. As this week's induction into the FleeceBook hall of fame of faceless individuals behind the scenes whose fingers are on all the relevant buttons, we present to you Michael Cross, Head of Foreign Exchange, and Executive Director for Markets, at the Bank of England, a role which with the arrival of the BoE's new Goldman leader will become quite crucial in the coming weeks as the race to debase finally crosses the English Channel and it is cable's turn to crash and burn against all other currencies.

Vol Curve Mangling Continues As March Debt Ceiling "Drop Dead" Day Looms

Submitted by Tyler Durden on 01/04/2013

We explicitly noted that the purchase of vol steepeners across the debt-ceiling deadlines was the short-term trade as soon as the ATRA deal was approved. In the brief period since, the VIX term-structure has smashed from its flattest (most inverted) in 2 months to its steepest now in 5 months as hedgers roll out to March and beyond. Of course, all algos know is that they can lever VXX (and other synthetics) in the short-term to ramp equities higher - and sure enough the S&P 500 just hit highs above the highest close since December 2007.

RANsquawk Weekly Wrap - 4th January 2013

Submitted by RANSquawk Video on 01/04/2013

Guest Post: The Greeks Have Already Dumped the Euro

Submitted by Tyler Durden on 01/04/2013

We first noted the shift to a barter economy that is occuring in Greece back in April. But Mike's excellent update below shows that this 'barter' has progressed to a new 'alternative' currency. The city of Volos, 200 miles north of Athens with a population of 170,000 is highlighted in the article due to the size of its alternative money market centered around a local currency call the Tem.  This sort of behavior will be the wave of the future in all countries, as Central Bank currencies are debased into extinction (and it's happening in the US already).

Putting A Trillion Dollars Of Platinum In Perspective

Submitted by Tyler Durden on 01/04/2013

So you want a trillion dollar platinum coin? Ok: here are some facts...

Liesman: "The Fed Gets To Print Dollars"; Bullard: "Indeed We Do"

Submitted by Tyler Durden on 01/04/2013

Fed mouthpieces Bullard and Lacker are out in force this morning talking the market back from the edge of yesterday's FOMC Minutes and reassuring us that the economy is going to be weak enough for a lot longer to justify the Fed's actions. However, right at the end of Jim Bullard's interview with CNBC's Steve Liesman, we got a glimpse of the reality behind the curtain as the St. Louis Fed president threw Bernanke under the purge-ry perjury bus... Following a discussion of fiscal policy uncertainty and the need to carefully spend what money we have, Liesman jokingly commented to Bullard that it is "Easy for you to say, you have a lot of dollars to spend; you get to print them!" To which the now foot-in-mouth Bullard replied, "Aaahh; indeed we do." This seems a little different from what Bernanke previously told Congress.

Hilda Solis: Paying People Not To Work Saved Millions Of Jobs

Submitted by Tyler Durden on 01/04/2013

Secretary of Labor Hilda Solis made her ubiquitous post-NFP appearance on CNBC this morning and spouted the usual propaganda. However, while discussing how wonderful the ATRA was, the seemingly slap-happy Solis noted how great the fact that emergency unemployment benefits were extended for millions of people was - and that thanks to that (and the magic of the Keynesian multiplier), millions of jobs were saved. So, to sum up, paying people not to work, saved millions and millions of jobs? Indeed America, indeed.

Guest Post: Anti-Gun Newspaper Hires Armed Guards – Reveals Its Own Hypocrisy

Submitted by Tyler Durden on 01/04/2013

Sometimes I just have to smile when faced with anti-gun propagandists, regardless of the vicious statements they make, because I know from years of past experience in this debate that because of their deep rooted hypocrisy, they will inevitably make my pro-gun case for me.  All I have to do is sit back and wait for them to contradict themselves. The gun grabber personality is interminably flawed, but it could be summarized thus: They believe the whole of society should cater to their personal concerns.  That we should give up our rights just to make them feel safer.  And, that they are somehow a step above the rest of us, and do not need to practice what they preach.  My question is, why should we go out of our way to please such weaklings and frauds?  I have yet to hear a good reason...

155,000 Jobs Added in December, Unemployment Rate 7.8%

Submitted by Tyler Durden on 01/04/2013

A surprisingly uneventful report, as BLS reports that 155,000 Jobs were added in December, right on top of the 156,000 expected, and in line with the number needed to keep up with the growth in the population, or at least the Old Normal growth. The unemployment rate was 7.8%, vs the 7.7% expected: who else is surprised that the rate is now rising with Obama reelected and when a lower unemployment rate means an earlier end to QE4EVA? The November unemployment rate was revised from 7.7% to 7.8%, just so headlines can proclaim the rate was unchanged, even though it was fractions away from a 7.9% print, compared to November initial 7.7%. According to the Household survey a materially less, or 28,000 jobs were added even as the number of unemployed rose by 164K. Average hourly earnings for all employees rose 0.3% in December from November, compared to the 0.2% expected. The confusion continues as the BLS reports retail jobs were mysteriously down by 19,000 even as every retailer announced it was hiring the kitchen sink, while manufacturing jobs supposedly rose by 25,000 while the ADP report reported 6 months of reductions in a row. Construction jobs increased by 30,000. The Underemployment rate, U-6, remains steady at 14.5%. ADP, which will certainly be revised lower now, remains a farce.

Frontrunning: January 4

Submitted by Tyler Durden on 01/04/2013

Just like last year: A Postholiday Letdown for Retailers (WSJ)

Obama Fights Republicans on Debt as Investors Seek Growth (BBG)

Housing a Sweet Spot for U.S. Economy as Recovery Expands (BBG)

House chooses Boehner as speaker again despite dissent (Reuters)

Backlash pushes Republicans to seek cuts (FT)

Jobs Lost Hit 5 Million With Rigged Currencies (BBG)

Chavez still has "severe" respiratory problem (Reuters)

Paris promises flurry of economic reforms  (FT)

Investors Sour on Pro Stock Pickers (WSJ)

Abe moves to ease South Korea tensions (FT)

Wildfires Hit Australia Amid Worst Heatwave in Decade (BBG)

Monti attacks ‘extremist’ rivals (FT)

RANsquawk EU Market Re-Cap - 4th January 2013

Submitted by RANSquawk Video on 01/04/2013

1-04-13 Dave’s Daily: http://www.etfdigest.com ‘FED MINUTES DISRUPT PARTY PUNCHBOWL 1-3-13 All things must come to an end. Fed Minutes today revealed more division among voting members about when to end QE. This unsettled the market rally and it needed some consolidation anyway as enthusiasm for the FC deal was perhaps too much given what on second thought wasn’t a great outcome.News Thursday revealed ADP Employment Data job gains (215K vs 150K expected & prior revised to 148K) which are the most volatile and least reliable of the labor group. It may include seasonal hiring for holiday sales and so forth. Jobless Claims were much weaker (372K vs 363K expected & prior revised higher to 362 from 350K holiday guesstimate).Overseas news featured the China PMI services (56.1 vs 55.6 previous) which are an improvement certainly but still running below their historical average.U.S. stocks pushed slightly higher early only to fall with Fed Minutes dissension revelations. All things considered, equity price drops were modest overall as those buying-in Wednesday rushed to protect new found long positions.The dollar (UUP) rallied once again which generally isn’t bullish. Gold (GLD) continued to drop accordingly while commodity prices (DBC) overall fell. Bonds (TLT) were quite weak.  Let’s not forget the important Employment Report Friday with estimates of 155K new jobs expected and the unemployment rate at 7.8% as many people drop off the rolls. Also there will be plenty of Fed chatter from Governors Plosser, Yellen and Bullard. Volume was light with most coming post Fed Minutes release. Breadth per the WSJ was mixed to slightly positive…’

The Good, The Bad And The Ugly From The Fiscal Cliff Deal

http://theeconomiccollapseblog.com

http://albertpeia.com/goodbaduglyuscliffdeal.htm

Daily Market Commentary (1/3/2013): Greece and Spain’s Banking Systems Flash “Danger”

January 3, 2013 http://gainspainscapital.com

http://albertpeia.com/dangerwillrobinson.htm

From Myth To Reality With David Rosenberg

Submitted by Tyler Durden on 01/03/2013 - 20:05

After the worst post-Christmas market performance since 1937, we had the largest surge to kick off any year in recorded history

The myth is that we are now seeing the clouds part to the extent that cash will be put to work. Not so fast It is very likely that much of the market advance has been short-covering and some abatement in selling activity

As equities now retest the cycle highs, it would be folly to believe that we will not experience recurring setbacks and heightened volatility along the way

The reality is that the tough choices and the tough bargaining have been left to the next Congress and are about to be sworn in

The myth is that the economy escaped a bullet here. The reality is that even with the proverbial "cliff" having been avoided, the impact of the legislation is going to extract at least a 11/2 percentage point bite out of GDP growth

Spot The Oddest After Hours Market (So Far)

Submitted by Tyler Durden on 01/03/2013

FX markets and precious metals are continuing to trade weaker after hours along with Treasury yields (in some very gappy and unhappy ways) - but the S&P 500 futures are flatlining for now (as NKY futures push higher - merely playing catch up to ES since New Year's Eve). Odder and odderer...

Retail Sales Confirm "You Can't Spend What You Don't Have"

Submitted by Tyler Durden on 01/03/2013

Despite all the rancor about seasonally-adjusted ad hoc beats of holiday week retail sales (amid burgeoning discounts), the trend (post the Hurricane Sandy-driven surge) in GAFO (General Merchandise, Apparel and Accessories, Furniture and Other Sales) retail sales is most explicitly lower. As Bloomberg Brief notes, consumer incomes are in a fragile state and between the ATRA deal and a 'stable' at best unemployment picture, it seems that the YoY change in retail sales is indicating per capita disposable income is set to decline further. As Rich Yamarone concludes: it appears "You can't spend what you don't have." It seems 'tax-the-rich' is also misfiring as those making over $90k per year report recent spending at its lowest for this time of year since 2008.

The "Mathematical Equation" Of Asset Bubbles

Submitted by Tyler Durden on 01/03/2013

Guest Post: America's Bubble Dependent Economy

Submitted by Tyler Durden on 01/03/2013

The chart below illustrates why the U.S. economy is so dependent on the wealth effect generated by asset bubbles.   It’s stunning to think that average real earnings in the U.S. are almost 11 percent lower than where they were in 1973. Policymakers’ focus should be on increasing worker productivity through: 1) reforming the country’s education system;  2) unleashing entrepreneurship;  and 3) in the words of ECB chief, Mario Draghi, “doing whatever it takes” to empower small businesses. But, this is tough political business, however, so we take the easy way out.   The political pandering increases budget deficits, forcing the Fed to repress interest rates and print money to drive up asset prices.   The boom side of the cycle is sustained longer than most expect because of the reserve currency status of the dollar.  This temporarily generates artificially inflated demand (i.e, fake) through the wealth effect, which eventually collapses when asset markets crash. This is not a good long term economic strategy and sustainable path for permanent wealth creation

Spain Plunders 90% Of Social Security Fund To Buy Its Own Debt

Submitted by Tyler Durden on 01/03/2013

With Spanish 10Y yields hovering at a 'relatively' healthy 5%, having been driven inexorably lower on the promise of ECB assistance at some time in the future, the market has become increasingly unsure of just who it is that keeps bidding for this stuff. Well, wonder no longer. As the WSJ notes, Spain has been quietly tapping the country's richest piggy bank, the Social Security Reserve Fund, as a buyer of last resort for Spanish government bonds - with at least 90% of the €65 billion ($85.7 billion) fund has been invested in increasingly risky Spanish debt. Of course, this is nothing new, the US (and the Irish) have been using quasi-government entities to fund themselves in a mutually-destructive circle-jerk for years - the only difference being there are other buyers in the Treasury market, whereas in Spain the marginal buyer is critical to support the sinking ship. The Spanish defend the use of pension funds to buy bonds as sustainable as long as it can issue bonds - and yet the only way it can actually get the bonds off in the public markets is through using the pension fund assets. The pensioners sum it up perfectly "We are very worried about this, we just don't know who's going to pay for the pensions of those who are younger now," or those who are older we would add.

FOMC Minutes Released: Dissension To QE4EVA Growing

Submitted by Tyler Durden on 01/03/2013

While some were concerned at the Fed's new quantitative targets as suggesting early tightening, it appears (from the FOMC Minutes) that those fears were somewhat warranted (with most seeing QE ending in 2013):

*FED SAYS A FEW ON FOMC WANTED QE UNTIL ABOUT THE END OF 2013

*FED: SEVERAL ON FOMC BACKED QE HALT OR CUT WELL BEFORE 2013 END

*ALMOST ALL FOMC MEMBERS SAW POTENTIAL QE COSTS AS INCREASING

The punchline: "several" means more than just QE4 hater Jeff Lacker are turning hawkish. Though, even with the risks, they want moar. Pre-FOMC Minutes: ES 1460, 10Y 1.86%, EUR 1.3108, Gold $1674. Post: ES -6pts, 10Y +5bps, EUR -40 pips, Gold -$10.

Market Breaks Again

Submitted by Tyler Durden on 01/03/2013

Presented with no comment - but come on!!!

*NASDAQ: UTP SIP PROBING AN ISSUE WITH STALE DATA ON UQDF/UTDF

BATS has declared self-help against another market center, or is actively investigating an issue. AAPL, GOOG, etc. all dead...

lots of crossed quotes from EDGE at Nasdaq spins back up

Initial Claims Misses By Most Since Sandy, Reverts To 2012 Average

Submitted by Tyler Durden on 01/03/2013

It would seem initial claims can be summed for 2012 in one word, 'average'. This last print of 2012 was almost perfectly at 2012's average of 372, the biggest miss since the first week of November and the Sandy disturbance. Notably, last week's print was revised higher (after 19 states failed to report and were 'guessed at) by 12k jobs to 362k having now risen for 3 weeks in a row (on a seasonally adjusted basis). When we scratch below the surface at non-seasonally-adjusted the numbers are much more concerning than a rampaging equity market would care to note, NSA initial claims rose 40,459 to 495,588 on the week. Ohio, Michigan, and Pennsylvania saw the biggest rises in claims while California dominated the drop in claims (by state) down 11,789. 73k Americans lost Extended Unemployment Benefits in the week ended December 15th.

ADP Private Payrolls Spike To 215K, Above Expectations On Spike In Construction Jobs - Now With Infographic

Submitted by Tyler Durden on 01/03/2013

Yet another headscratcher in the endless litany of Baffle with BS data, this time from the ADP Private Payrolls report, traditionally a laughing stock when it comes to its NFP forecasting powers (we will spare readers the correlation scatterplot which shows a 0 correlation), which not only revised its November print from 118K to 148K (just so it mysteriously coincides with the November NFP number of 146K), but saw the December private jobs number surge to 215K on expectations of a 140K print. The primary reason for the spike, a +39K surge in construction jobs, supposedly in the aftermath of Sandy, as well as some +53 job additions in trade, transportation and utilities. Also, how ADP gets +14K financial jobs in the peak financial layoffs month (to avoid year end bonuses of course), is anyone's guess. And while we should worry about that unemployment rate rapidly approaching the 6.5% Bernanke QE4EVA threshold end (don't worry, tomorrow we will find that the labor participation rate mysteriously has started to grow again to actually push the unemployment rate higher now that the Obama re-election is no longer an issue), we definitely should not worry about America's manufacturing renaissance, as the country lost yet another 11,000 manufacturing jobs - the 6th month in a row with mfg job declines (sorry Ohio, better luck next time).

Bill Gross On Bernanke's Latest Helicopter Flyover, "Money For Nothing, Debt For Free" And The End Of Ponzi Schemes

Submitted by Tyler Durden on 01/03/2013

Back in April 2012, in "How The Fed's Visible Hand Is Forcing Corporate Cash Mismanagement" we first explained how despite its best intentions (to boost the Russell 2000 to new all time highs, a goal it achieved), the Fed's now constant intervention in capital markets has achieved one thing when it comes to the real economy: an unprecedented capital mismanagemenet, where as a result of ZIRP, corporate executives will always opt for short-term, low IRR, myopic cash allocation decisions such as dividend, buyback and, sometimes, M&A, seeking to satisfy shareholders and ignoring real long-term growth opportunities such as R&D spending, efficiency improvements, capital reinvestment, retention and hiring of employees, and generally all those things that determine success for anyone whose investment horizon is longer than the nearest lockup gate. Today, one calendar year later, none other than Bill Gross, in his first investment letter of 2013, admits we were correct: "Zero-bound interest rates, QE maneuvering, and “essentially costless” check writing destroy financial business models and stunt investment decisions which offer increasingly lower ROIs and ROEs. Purchases of “paper” shares as opposed to investments in tangible productive investment assets become the likely preferred corporate choice." It is this that should be the focus of economists, and not what the level of the S&P is, as it is no longer indicative of any underlying market fundamentals, but merely how large, in nominal terms, the global balance sheet is. And as long as the impact of peak central-planning on "business models" is ignored, there can be no hope of economic stabilization, let alone improvement. All this and much more, especially his admissions that yes, it is flow, and not stock, that dominates the Fed market impact (think great white shark - must always be moving), if not calculus, in Bill Gross' latest letter.

Frontrunning: January 3

Submitted by Tyler Durden on 01/03/2013

Obama Signs Bill Enacting Budget Deal to Avert Most Tax Hikes (BBG)

GOP Leaders Take Political Risk With Deal (WSJ)

Basel Becomes Babel as Conflicting Rules Undermine Safety (BBG)

Portugal Faces Divisions Over Austerity Measures (WSJ)

The Fiscal Cliff Deal and the Damage Done (BBG)

Cliff deal threatens second term agenda (FT)

Deposits stable in euro zone periphery in November (Reuters)

Fresh Budget Fights Brewing (WSJ)

China Poised for 2013 Rebound as Debt Risks Rise for Xi (BBG)

Who's Afraid of Italian Elections?  (WSJ)

China services growth adds to economic revival hopes (Reuters)

Asian Economies Show Signs of Strength (WSJ)

Japan’s Aso Targets Myanmar Markets Amid China Rivalry (Bloomberg)

RANsquawk EU Market Re-Cap - 3rd January 2013

Submitted by RANSquawk Video on 01/03/2013 - 07:33

1-02-13 Dave’s Daily: http://www.etfdigest.com ‘BULLISH EXUBERANCE GRIPS BULLS TO CATCH-UP 1-2-13 I won’t be one to yell at the tape since we are systematic trend-followers. But markets aren’t doing anything modestly. We get past one cliff only to face another next month—the super cliff (debt ceiling), hereinafter dubbed SC. Bulls are basically saying; “Okay, we have time to prop things before SC”. You might recall the last SC deal was in the summer of 2011 and markets struggled mightily.Unfortunately for us enough technical damage had been done the past two weeks that trends became uncertain. Now bulls are playing catch-up with large news-driven price ramps. Actually there was a confluence of events as the Fed had (and still is) added plenty of liquidity to markets thru QE which accumulated while the fiscal cliff issue froze investments. Further large dividends from before year-end needed to be reinvested. This stash along with what passed for a cliff fix led to the action seen Wednesday.Nothing is really fixed of course since a large tax increase is hitting the economy at a poor time. The payroll tax cut will shrink 77% of American’s income which will hit the so-called middle class. I believe this doesn’t include higher taxes for Obamacare now either. We did get the tax issue resolved but spending cuts didn’t take place in any meaningful way. In fact, the CBO scored the cliff tax fix as adding $4 trillion to the deficit over the next 10 years—some fix eh? Plus the president indicated there will be no spending cuts without even more tax increases. So much for the Clinton era mantra: “The Era of Big Government is Over”. Economic data released today included: PMI (54 vs 54.2 expected & prior 52.8); ISM Mfg Survey rose (50.7 vs 50.5 expected & prior 49.5); and, Construction Spending fell (-.3% vs .8% expected & prior 1.4%). Stocks soared with a large opening gap higher with gains across the board. The dollar (UUP) weaker early rallied some intraday; bonds (IEF) fell as stocks rose; commodities (DBC) rose modestly; and, gold (GLD) prices also rose modestly.Earnings remain in focus soon. It’s interesting that so many estimates have been undone previously and future estimates have yet to be revised lower as per the following chart.

http://albertpeia.com/daveschart1213.gif

Volume was modest on the sharp rally. Breadth per the WSJ reflected a 90/10 day for most sectors…’

Daily Market Commentary (1-2-13): Deal or No Deal… Nothing Was Fixed

January 2, 2013 http://gainspainscapital.com

http://albertpeia.com/nothingfixedbydeal.htm

50 Predictions For 2013

http://theeconomiccollapseblog.com

http://albertpeia.com/economiccollapseblogpredicitionsfor2013.htm

Why? Why does it seem like america is getting crazier with each passing year? { Because pervasively corrupt defacto bankrupt america is getting crazier with each passing year! }

http://endoftheamericandream.com

http://albertpeia.com/whyamericacrazier.htm

Replaying Chris Christie's Epic Anti-Boehner Meltdown

Submitted by Tyler Durden on 01/02/2013 { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } Earlier today, in what can only be summarized as an epic meltdown, NJ governor Chris Christie proceeded with an even more epic rant against House speaker John Boehner, in narrow terms, and House Republicans in broader, for killing the $60 billion Sandy Assistance bill, whose funding would have offset one full year of the just legislated tax hikes on the rich which would add $62 billion annually to the Treasury (or alternatively would have been unfundable for the next 2 months while the US struggles to pay its mandatory bills courtesy of having breached the debt ceiling). Alternatively, all Americans could just agree to accept less welfare and entitlement benefits to show their solidarity for New Jersey and fund the recovery of the Tristate area by a "shared sacrifice" instead of going the default route and demanding even more deficit spending - something that would naturally saddle the next generation with even more pain, not the current, far more entitled one - but in this country that is an absolutely ludicrous proposition. Below is a clip of the entire Christie performance which is a must see for sheer indignation entertainment value alone.

Fiscal Cliff Loose Ends

Submitted by Tyler Durden on 01/02/2013

The fiscal cliff deal appears to be a done deal and markets have reacted accordingly (although President Obama is apparently awaiting a photo-op later today to sign it). However, the deal leaves a large number of loose ends that ensure high drama for the next two months on the US fiscal front. The immediate impact of all the loose ends and deadlines may be smaller than the Dec 31 fiscal cliff, but all of these loose ends are important and could lead to short-term price action. Several of them are very important for the long run USD outlook as well.

Why Did A Train Carrying Biofuel Cross The Border 24 Times And Never Unload?

Submitted by Tyler Durden on 01/02/2013

Wondering why rail traffic has been somewhat surprisingly consistent despite uncertainty? Concerned at government's tenticular reach into each and every aspect of our lives? This somewhat stunning anecdotal report from OilPrice.com might shed some light:

A cargo train filled with biofuels crossed the border between the US and Canada 24 times between the 15th of June and the 28th of June 2010; not once did it unload its cargo, yet it still earned millions of dollars... The companies “made several million dollars importing and exporting the fuel to exploit a loophole in a U.S. green energy program.” Each time the loaded train crossed the border the cargo earned its owner a certain amount of Renewable Identification Numbers (RINs), which were awarded by the US EPA to “promote and track production and importation of renewable fuels such as ethanol and biodiesel.”

We suggest this is merely yet another unintended consequence (just as we noted here) and perverted incentive of central planning and an all encroaching government.

Russell Closes At All Time High As VIX Has Biggest Two Day Drop Ever

Submitted by Tyler Durden on 01/02/2013

Update 2: MLNX down 22%. Earnings, and cash flows, matter. And now, time to ramp some other stock only to see it implode when it announces earnings or guides down.

Update: MLNX, a $2.6 billion market cap company, was up 3% today before being halted after hours and crushing guidance by preannouncing horrible revenues. Expect many other S&P 500 companies to be forced to do the same now that their market value, driven almost exclusively by "someone's" ceaseless selling of VIX futures and by correlation engines which assume every company has to rise (and sometimes even fall) by the same amount as the biggest synthetic indicator, the E-Mini, is so disconnected from any cash-flow reality, that only the Fed can possibly assume there is fair value for the stock market at current levels.

The drop in VIX in the last two days is the biggest percentage drop on record (based on Bloomberg's data) as the S&P 500 futures (ES) have managed a 70-point rally. The exuberance at today's open ebbed through the middle of the day but then resurged into the close as the day-session range was actually quite narrow (sub-10pts). High-yield credit surged (leading the way) coupled with VXX (huge odd volume spike) as pain trades were everywhere. FX markets were decidedly unimpressed even as Treasuries tracked along with stocks for most of the day (though lagged the late-day surge as 10Y yields stalled out at the 12/187 highs). Commodities held on to gains even as the USD turned positive on the week. On the bright side, all those who have been invested in the S&P since March 2000 can exit at (nominal) breakeven and all it took was a 400% increase in the size of the Fed's balance sheet. This feels very delicate and all anchored on a massive protection unwind (as volumes and blocks were dumped into the late-day ripfest).

Total Debt: $16,432,730,050,569.12; Debt To GDP: 103%

Submitted by Tyler Durden on 01/02/2013

We already knew that the US crossed the debt ceiling on New Year's day. It is, however, one thing to read a Geithner press release, it is another to see America's ridiculous debt it in action. So here it is, courtesy of TreasuryDirect, in all its debt ceiling glory: $16,432,730,050,569.12, with the debt subject to the ceiling at the limit of $16.394 trillion.

And with that we can close the books on the first quarter of Fiscal 2013, in which US public debt grew by $366 billion, some $122 billion per month on average.

Moody's Warns On USAAA Rating; IMF Piles On

Submitted by Tyler Durden on 01/02/2013

Moody's has stepped forward with the first warning shot across the bow that:

*MOODY'S: MORE MEDIUM TERM ACTIONS MAY BE NEEDED TO SUPPORT Aaa

Has contradicted itself (from September) on the debt-ceiling breach; and warns that while the deal 'mitigates' some fiscal drag, it does not remove it. To wit: the IMF piles on:

*IMF SAYS `MORE REMAINS TO BE DONE' ON U.S. PUBLIC FINANCES

*IMF SAYS U.S. DEBT CEILING SHOULD BE RAISED `EXPEDITIOUSLY'

Full statements below.

Happy New Year Germany: Greece Needs A New Bailout

Submitted by Tyler Durden on 01/02/2013

When it comes to the main sovereign story of 2011 and 2012, namely the endless bailout of Greece, now in its third iteration, the conventional wisdom is that courtesy of the near elimination of the country's private sovereign debt and the fact that its official foreign debt held by benevolent taxpayer funded globalist powers (IMF, ECB, EFSF) has been mostly converted into a zero-coupon, perpetual piece of paper, the country is fine. After all it has no debt interest expense to finance, and the only shortfall it has to plug is that created by its primary budget deficit (which as we showed earlier is "improving" on a year over year basis not because the economy is improving, but because the Greek government is simply refusing to pay its bills). So there is nothing more to do but sit back and wait while the economy slowly recovers, the unprecedented internal imbalance with Germany is gradually aligned, are the unemployment rate drops, (while hoping that the population does not die out first) right? Wrong.   Moments ago Kathimerini reported that in 2012, the amount of non-performing loans has exploded by a laughable amount, rising some 50% from December 2011, when it was "only" 16% and stood at 24% last month. And therein lies the rub, because as Kathiermini prudently notes, the "bad loans come to a considerable 55 billion euros. This means that the sum of NPLs already exceeds the total funds set aside for the recapitalization of the local credit system, which amounts to €50 billion."

Oops.

The 96 Charts That Have To Be Seen To Believed For 2013

Submitted by Tyler Durden on 01/02/2013

In many respects, 2012 was a year of waiting: waiting for a path forward on the European debt crisis; waiting for the results of a polarizing U.S. election; waiting for the Chinese leadership transition; waiting for a resolution to the U.S. fiscal cliff issues; waiting for the Middle East to find peace; waiting for a clear path to global growth; and therefore, waiting to invest additional assets in the markets (or not, as the case may be). In this 2013 Outlook, Michael Cembalest, JPMorgan Asset Management's Chairman of Market and Investment Strategy, provides a comprehensive summary of the global factors at play, with a tone of optimism grounded in realism. Perhaps just what we need after the surreality of the last two days.

http://albertpeia.com/118732645-Cembalest-Outlook-2013-the-Odyssey.pdf

Guest Post: Mother, Should I Trust The Government? { Short answer: NO! }

Submitted by Tyler Durden on 01/02/2013

In part one of this two part series – Hey You – we examined how an invisible government of wealthy, power hungry men have utilized the propaganda techniques of Edward Bernays and lured the American people into a narcissistic, techno-gadget, debt based servitude. Over the last one hundred years they have created a totalitarian state built upon egotism, material goods, and fulfilling our desires through Wall Street peddled debt and mass consumerism. It has been an incredibly effective form of control that has convinced the masses to love their servitude. The lyrics to Pink Floyd's 'Mother' had both a literal and figurative meaning for Roger Waters. Having seen his Wall Tour performance this past summer at Citizens Bank Park with a diverse crowd of 40,000, ranging in age from senior citizens to teenagers, it seems this song has gained new meaning. He sang a duet with himself from 1980 projected on the Wall and when he sang the lyric, “Mother, should I trust the government?” the entire stadium responded in unison – NO!!! This revealed a truth that is not permitted to be discussed by the corporate mainstream media acting as a mouthpiece for the ruling class. A growing legion of citizens in this country does not trust the government. This is very perceptive on their part.

Don't Show Bernanke This Chart Of Gold Loans In India

Submitted by Tyler Durden on 01/02/2013

One of the Fed Chairman's most memorable lines in recent history is that "gold is not money... it is tradition." Perhaps he was merely listening to the Fed's computers, Ferbus, Edo and Sigma, which we now know form the backbone of US central planning and whose DSGE model output is usually spot on until it happens to be catastrophically wrong, on the issue. Or perhaps that is merely what one is taught (and teaches) in the Princeton economics department. Whatever the reason for Bernanke's belief, don't show him this chart from a just released "Report of the Working Group to Study the Issues Related to Gold Imports and Gold Loans by NBFCs" in India, part of a coordinated campaign to minimize Indian gold demand and imports whose direct substitution to "(un)sound money" in the country is one of the reason being attributed for the nation's high current account deficit (as reported earlier) and why the finance minister said "demand for gold must be moderated." The chart shows the staggering eightfold increase in India's gold loans "which monetize the idle gold in the country", in just four short years. In short it proves that in India, gold is the only real money, and is the only fallback option in a country where inflation is still rampant, and where even simple peasants prefer to keep their wealth not in the local paper currency, which has been losing its value aggressively in recent years, but in the shiny metal. Must be "tradition."

"Fair And Balanced"... And Benefiting Just 20% Of Americans

Submitted by Tyler Durden on 01/02/2013

In 28 seconds, Bloomberg TV's Scarlet Fu explains who really benefits from the 'deal' and Bernanke's ongoing 'wealth effect' policy. Simply put, taxes on 77% of Americans go up... and 20% benefit. "Fair-and-balanced" indeed. Blackrock's Larry Fink summed it all up nicely: "The American People are the Big Losers In The Cliff Deal"

Guest Post: Game Theory And The Unfixable Fiscal Situation

Submitted by Tyler Durden on 01/02/2013

The recent fiscal cliff negotiations were almost a textbook case of the game theory's Prisoner's Dilemma... resulting in the same sub-optimal outcome. All the posturing and political strutting were more about trying to obtain personal advantage over the other players, not actually fixing anything. The fiscal cliff, in fact, stopped being about the US economy a long, long time ago. The uncomfortable truth that nobody in officialdom wants to admit (save outgoing Congressman Ron Paul) is that the fiscal situation is unfixable. Meanwhile, the debt ceiling has already been breached, and the Obama administration is scurrying to seize federal pensions as a temporary fix. Seriously, how long will it be before they start seizing private pensions, IRAs, etc.? How long before mutual funds and banks are required to hold a percentage of their assets in the 'safety and security' of US Treasuries? How long until everyone is involuntarily financing Uncle Sam?

12-31-12

US To Officially Go Over The Fiscal Cliff

Submitted by Tyler Durden on 12/31/2012

As we forecast back in November, it is now official that the House will not vote on any deal out of the Senate, assuming there is one which there won't be of course, later today, which means America will officially slide off the Fiscal Cliff. And now cue everyone being very hopeful and optimistic a deal will get done momentarily, if not sooner, in 2013. Of course, we all know just how far optimism takes America's dysfunctional Congress. The biggest irony in all of this is that the only winners today were the much hated "1%"-ers, whose taxes may or may not go up, who just got to book major year end profits on this last minute ramp. The remainder of America's population can quietly look forward to 2013 with "hope" and "optimism" that in 2013 Congress will finally stop being dysfunctional. Good luck. Oh, and before we forget, America just breached its debt ceiling: now the pillaging of various government retirement funds begins.

3% Market Ramp... On No Deal, And On Debt Ceiling Breach

Submitted by Tyler Durden on 12/31/2012

S&P 500 futures staged a 3% rally off their overnight lows - taking them back to 3-day highs as  headline after headline triggered another round of stop-runs. VIX compression led the way as hedges were pushed off to March and higher levels enabled better exits above Friday's plunge VWAP levels. The year ends with the Dow beating Gold for the first time in nine years (just). The USD fell 0.5% on the year (and the JPY -12.8%!!). European stocks beat US stocks (EuroStoxx50 almost doubling the Dow's performance). US Treasuries and US stocks both rallied. Financials gained 26% on the year. The Treasury curve flattened with the front-end selling off modestly and the belly rallying 10-15bps. VIX was unchanged from the start of the year at the open today - but thanks to the epic compression and steepening we have fallen back (VIX lower on the year). Of course, today's epic ramp really dislocated from risk-asset reality as soon as Bonds closed...

Senate Agrees To Kick Can For Two Months; Breached Debt Ceiling Untouched

Submitted by Tyler Durden on 12/31/2012

Well, we appear to be nearing a mini 'delay' deal of some sort. The agglomeration of headlines continues with Senate deals on and off, Biden proclaiming victory yet Senate Democrats are said not have consented (yet).

*WHITE HOUSE SAID TO REACH BUDGET DEAL WITH REPUBLICANS

*SENATE FISCAL CLIFF VOTE POSSIBLE BY 10:30 P.M.: REID SPOKESMAN

*SENATE DEMOCRATS SAID NOT TO HAVE CONSENTED TO DEAL

State of the idiocy appears to be: The 2-month sequester delay: cuts would come half from defense & half-non-defense. 2 month window to give all sides time for bigger deal. No debt ceiling resolution. Tax rises for 400/450k, Cap Gains/Dividend up to 20%, small rise in estate tax and restrictions on personal tax deductions. Simple - as we have said for a while - assuming this passes seamlessly, this is nothing but a can-kicking delay to the 'extraordinary' debt ceiling date - two words - Stop.Gap. And in two months, it's not just the sequester but the debt ceiling too. Enjoy your night.

The Fed's Inflation Will Crush Emerging Markets Posted by: Phoenix Capital... Post date: 12/31/2012 ‘The Fed's inflationary policies will damage Emerging Markets... not push them higher... A final feature of the Fed’s decision to implement QE 4 will be greater inflationary pressures. This will result in lower economic growth (in real terms) as well as higher operational costs, which will eat into corporate profit margins. ‘ http://albertpeia.com/fedsinflationtocrushmarketsprofitmargins.htm

Happy New Year Middle Class: The Fiscal Cliff Is Going To Rip You To Shreds

http://theeconomiccollapseblog.com

http://albertpeia.com/fiscalcliffsceilingsripsyoutoshreds.htm

US hits borrowing limit, moves to avoid default AP

A Massive Electromagnetic Pulse Could Collapse The Economy In A Single Moment

http://theeconomiccollapseblog.com

http://albertpeia.com/empeconomiccollapse.htm

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Dave’s Daily: http://www.etfdigest.com HAPPY NEW CLIFF YEAR! 12-31-12 The president got his pound of flesh on taxes even as he was looking for more. Some significant deals were struck on dividends and capital gains for those making less than $400-450K. The disappointment is debt issues were shelved. This is what always happens since raising taxes is always the easiest thing to do vs serious deficit cuts bear on someone else’s ox getting gored. But, once Obamacare is in force taxes will rise further as Chief Justice Roberts ruled—“it’s a tax”.So we got a relief rally of sorts in stock markets and portfolio managers will get a little more in the way of bonuses with the end of month & year “stick save”. Oh wait, many of them will have to pay more in taxes.The following (Weekly Standard) is the deal worked out between VP Biden and Senate Minority Leader McConnell.Since It was inevitable with Obama’s reelection taxes would rise, perhaps this is the best possible outcome…It’s not a mere side note that the House hasn’t voted on this and there’s been little in the way of reconciliation which “is” the process in legislation as noted HERE. Assuming that a positive vote on this takes place in the House, then we move to the next big deal—the debt ceiling. And, let’s not leave out more controversy as Obama continues to piss-off potential republican votes as he presses for even more taxes in 2013.  Finally, late breaking word is the House won’t be voting on any deal Monday thus going over the cliff if only temporarily.The other positive news came from China where industrial production (PMI) 51.5 vs 50.5 previously. This kicked emerging market (EEM) and Asian stocks (AAXJ) higher despite fiscal cliff issues.I’m not going to spend a lot of time on this as nothing is “buttoned down” yet except a sharp equity market rally and short squeeze.Volume was heavy on this “fiscal cliff” day and like others I hope not to type that phrase again ever! Breadth per the WSJ was quite positive approaching a 90/10 day by some measures…’

Executives at collapsed Iceland bank jailed for fraud

Reuters | Two former executives at an Icelandic bank which collapsed in the 2008 financial meltdown were sentenced to jail. { This is something that hasn’t happened in pervasively corrupt, defacto bankrupt america except for those few ‘not too big to fail or jail’! Everyone’s still paying for those gargantuan, bailed out, hidden (legislated FASB rule change) wall street frauds still extant and cashed out by the perps. }

India reports 25 rapes in week following Delhi gangrape IBNLive  { See, as per the californication amerikan jurisprudential scholar/jurist/judge, these 25 girls may not have realized it, but, they really wanted it … you know, otherwise, as per the californication jurisprudential scholar/jurist/judge these subconsciously consensual encounters could not have happened because the body would ‘just say no’ to such liasons if nonconsensual. There you go! … american jurisprudence has done it again as they guide us through those dark, shadowy, murky areas of the law that would otherwise label violent criminal rapists as violent criminal rapists. (We’re talking India here; but, violent rape among a plethora of other substantial crimes including murder, huge protected ie., wall street, etc., frauds, armed robberies, etc., are rampant in pervasively corrupt, defacto bankrupt america.) India gang-rape suspects to face murder charges (CBS/AP) NEW DELHI - Indian police charged six men with murder on Saturday, hours after a woman who was gang-raped and beaten on a bus in New Delhi nearly two weeks ago died in a Singapore hospital. { Clearly, says the california-american jurist/jurisprudential scholar, this girl was not a victim but really ‘wanted it’ and while she may have been screaming/saying ‘no’, she really meant ‘yes’ since otherwise her body wouldn’t have permitted that rape (and beating) to happen. See … now that’s why we have professionally educated/trained judges … to ‘split the pubic hairs’, so to speak … (that judge should be forced to step down)} Calif. judge says a victims' bodies can prevent rape CBS News SANTA ANA, Calif. A Southern California judge is being publicly admonished for saying a rape victim "didn't put up a fight" during her assault and that if someone doesn't want sexual intercourse, the body "will not permit that to happen.” { Wow! Spoken like a true california american jurist. Well, with violent rapes on the rise along with other serious violent among other crimes in america and california particularly, and elections being what they are, ‘might as well go with the flow’ might have been the ratio-decedendi. After all, most violent criminals in america are closet pacifists/peace corp members and if the body says yes or no but the mind subconsciously says yes, only then will a rape happen (NOT!); and, no violent rapist would let a LIVE/CONSCIOUS rape-resistor get in the way of implicit consensual rape. Wow! I initially was going to quip, ‘he doesn’t get out much’; but, maybe he just ‘gets out too much’. Wow! What more can anyone say! [ If the foregoing didn’t make sense to you, that’s because the californication judge’s outrageous statement is absolutely preposterous! ] }

Guest Post: The Real 2013 Cliff

Submitted by Tyler Durden on 12/31/2012

There’s a much bigger cliff than the so-called fiscal cliff. The absolute worst result of the fiscal cliff would be a moderate uniform tax increase at a bad time, resulting in a moderate contraction. It is an obvious - but ultimately rather cosmetic - stumbling block on the so-called “road to recovery”. The much bigger cliff stems from the fact that the so-called recovery itself is build on nothing but sand. This is a result of underlying systemic fragilities that have never been allowed to break.

Frontrunning: December 31

Submitted by Tyler Durden on 12/31/2012 - 07:40

Japan PM Abe wants to replace landmark war apology (Reuters) - to summarize Abe's strategy: crush the JPY even as China is alienated so much not a single Japanese export goes to Beijing. Brilliant

Unthinkable Cuts Almost a Reality (WSJ)

Signs of Negative Economic Impact Growing (WSJ)

Carlyle Agrees to Buy Duff & Phelps for $665.5 Million (BBG)

Greek retail sales slump deepens in October, recession bites (Reuters)

Congress Dysfunction as Deadline Arrives Poses 2013 Risks (BBG)

For Euro, All Eyes Are on Central Bank's Actions (WSJ)

France Seeks New Path to High Tax (WSJ)

Japan Rebuke to G-20 Nations May Signal Moves to Weaken Yen (BBG)

Portugal braced for ‘fiscal earthquake’ (FT)

Monti's reform path faces test beyond Italy elections (Reuters)

South Korea’s Inflation Slows Even as Economy Gaining Momentum (WSJ)

China factory sector strongest since May 2011 (Reuters)

12-28-12 Fiscal cliff, my ass! Come on! Wake up! There’s no real recovery, except, ie., for the huge frauds on wall street (as they cash out worthless paper for bucks/hard assets and churn-and-earn at lightning/computerized algo program speed) which continue unprosecuted and unabated and at everyone else’s expense! Everybody’s paying for the wall street QE/frauds/froth! Huge unaffordable debt increases to mask the obama failure. Threats by the niggers to step up their already substantial violence against whites and riot if no obama ‘re-election’ … that’s terrorism! Unprecedented domestic terrorism! Then the widespread, documented voter fraud favoring obama … not a peep from the ‘status-quo, don’t rock the boat, happy to be there’ republicans. Why bail out wobama? Nothing will be solved by satisficing here! This last minute cramdown is what they’ve opted for by unreasonable, unaffordable, politically motivated intransigence! The nation’s broke! The niggers are pulling down their unaffordable freebies like never before. The extended unemployment benefits are so rich, who’d ever want to work? Time to say no to the niggers! A bit of intestinal fortitude required! F**k wobama, and f**k the niggers and their self-loathing buddies! Selective, rationally strategic ‘undoing’ of various ‘fiscal cliff’ unpleasantries can be undone after the fact of the ‘obama 4 years in the making failure’ with sound, rational thought consonant with reality. F**k wobama, f**k the niggers and their self-loathing buddies! Want to blame someone, blame wobama the unequivocal failure. Time to call a spade a spade! Time to pay the piper!

Pay Raise for Biden, Members of Congress, Federal Workers... { As I’ve previously stated, nothing succeeds quite like failure in pervasively corrupt, defacto bankrupt america! }

Under wobama, for every $7 brought in by gov't, $11 spent...

The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … )

Spending to Increase 55% Under Obama's Plan...

Gov't announces GM 'exit strategy' ... taxpayers to lose billions!
50% Loss!

Obama: Biggest mistake too much perspiration, not enough inspiration [What total b***s***!] { Biggest mistake: too much b***s***, not enough substance; that’s reality, not spin! } White House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm } Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... [ Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! … For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. ]
Will accept your birthday or anniversary gifts, too...

IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES (Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT (Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United States of America while Barack Obama is President.  The evidence is overwhelming:  everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed.  Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each.  Nearly 2-1/2 million fewer Americans have jobs than before the stimulus. Barack Obama has been President for 30 months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.  He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW.  His broken campaign promises are too numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA

Dave’s Daily: http://www.etfdigest.com ‘FRUSTRATION WITH FISCAL CLIFF 12-28-12
“I don’t have to tell you things are bad. Everybody knows things are bad. It’s a depression. Everybody’s out of work or scared of losing their job. The dollar buys a nickel’s worth. Banks are going bust. We know things are bad. Worse than bad. They’re crazy. It’s like everything everywhere is going crazy so we don’t go out anymore. We sit in a house as slowly the world we’re living in is getting smaller and all we say is, ‘Please, at least leave us alone in our living rooms.’ Things have got to change my friends. You’ve got to get mad. You’ve got to say, “I’m as mad as hell and I’m not going to take this anymore!”

                                                                         Howard Beale (Peter Finch: Network 1976)

Things haven’t changed much since 1976 have they? Only the names, faces and circumstances have changed. Americans are still getting the shaft, but this condition is routinely self-inflicted. We’ve made a mockery of the presidency, congress and markets. We know little about civics, the constitution and bill of rights, history, economics, science, literature and economics. We care more about toys and Hollywood distractions since critical thinking is just too hard. But I digress. Meanwhile the fiscal cliff sideshow and accompanying rumor driven algo / HFT trading dominates trading. Most Americans don’t even know what the fiscal cliff is – they just know it’s bad. The slip in Consumer Confidence to 65 from 74 reflected fear Thursday. Last week alone investors jammed $80 billion into bank CDs. I’ve been avoiding commenting and even took a brief holiday in NYC for Christmas as HFT /algo driven volatility was to be expected this week. And this is what the HAL 9000s delivered. These programs alone have driven many investors out of markets. I hope the NYSE and other proponents of this activity are satisfied with the results.The Chicago PMI was only superficially higher (51 vs 51 expected & prior 50.4). But within the data the employment reading was -55.2 vs -45.9 previously—a hiring freeze. Pending Home Sales were in line with estimates (1.7% vs 1.8% expected & prior 5.2%). Again rumors and trial balloons are being launched. What to expect this weekend? A mini-deal, an extension to buy some time (always a first choice), or a deal that fixes nothing? There are many possibilities and all the volatility will sell soap for the media and that’s about it. We’re rather well-prepared for trouble if not opportunity. We raised nearly 55% in cash two weeks ago with only 25% in stocks and the balance in the income space. We can deal with this one way or another. Monday is scheduled to be a full trading day and one would suppose vacations will be cut short making New Years Day and Wednesday a tough go for partiers. Stocks fell sharply and even more so after the close dropping 28 S&P points (see chart below). Volume was spiked as news was leaked Obama wouldn’t offer any new compromise. Breadth continues to be negative per the WSJ…’

You Might Hate America If…

http://thetruthwins.com

http://albertpeia.com/youmighthateamericaif.htm

The Fiscal Cliff Diversion

American Thinker | The US economy is already over the fiscal cliff and falling at an increasing rate.

Government Dependents Outnumber Those With Private Sector Jobs In 11 U.S. States

Economic Collapse | America is rapidly becoming a nation of takers.

The Real Crisis: “People Have Lost Trust In The Government And The Market”

Zero Hedge | The death of the ‘cult of equities’ was a popular topic this year among both fringe blogs and the best-known institutional asset managers and sell-side strategists.

Bloodbath

Submitted by Tyler Durden on 12/28/2012

Finally, the market realizes that it was the patsy all along. This is what a real cliff looks like:

2012 - 'Year Of Living Dangerously' In Review

Submitted by Tyler Durden on 12/28/2012

Despite the fact that myself and everyone else acting like they know what lays ahead are proven wrong time and time again, we continue to make predictions about the future. It makes us feel like we have some control, when we don’t. The world is too complex, too big, too corrupt, too lost in theories and delusions, and too dependent upon too many leaders with too few brains to be able to predict what will happen next. This is the time of year when all the “experts” will be making their 2013 predictions - but few will address where they were wrong in previous predictions. I’m more interested in why I was wrong. It seems I always underestimate the ability of sociopathic central bankers and their willingness to destroy the lives of hundreds of millions to benefit their oligarch masters. I always underestimate the rampant corruption that permeates Washington DC and the executive suites in mega-corporations across the land. And I always overestimate the intelligence, civic mindedness, and ability to understand math of the ignorant masses that pass for citizens in this country. It seems that issuing trillions of new debt to pay off trillions of bad debt, government sanctioned accounting fraud, mainstream media propaganda, government data manipulation and a populace blinded by mass delusion can stave off the inevitable consequences of an unsustainable economic system. Will 2013 be the year it all collapses in a flaming heap of rubble? I don’t know. Maybe you should ask an “expert”.

This Is What America Really Thinks

Submitted by Tyler Durden on 12/28/2012

Presented with no comment.

16 Things About 2013 That Are Really Going To Stink

Submitted by Tyler Durden on 12/28/2012

The beginning of the year has traditionally been a time of optimism when we all look forward to the exciting things that are going to happen over the next 12 months. Unfortunately, there are a whole bunch of things about 2013 that we already know are going to stink. Taxes are going to go up, good paying jobs will continue to leave the country, small businesses will continue to be destroyed, the number of Americans living in poverty will continue to soar, our infrastructure will continue to decay, global food supplies will likely continue to dwindle and the U.S. national debt will continue to explode. Our politicians continue to pursue the same policies that got us into this mess, and yet they continue to expect things to magically turn around. But that is not the way that things work in the real world. Bad decisions lead to bad outcomes. Sticking our heads in the sand and pretending that everything will be “okay” somehow is not going to help anyone.

Obama To Assign Fault; Propose Plan D, Different From Last Friday's Plan C - Live Webcast

Submitted by Tyler Durden on 12/28/2012

We would expect the ingredients of the speech to be a pinch of self-denigration mixed with 6 fluid ounces of 'millionaires-and-billionaires', and a quart of "it's the other guys' fault." This coming from the man who precisely a week ago announced he would propose a "scaled down" plan, which today turned out was a complete lie: some leadership. Nevertheless. it will be interesting to see how his 'new' plan, same as the 'old' plan, is different from the 'new new' plan-to-come as he pushes the Senate to propose a 'new new new' deal that will really be a 'skinny irrelevant' deal - no doubt heralded by all asunder as a 'grand new' deal. Though it appears we should have no fear as McConnell and Reid are working on it and McConnell is "hopeful and optimistic." Farce!

CME Lowers Gold Margin By 9%

Submitted by Tyler Durden on 12/28/2012

Adding to the confusion, for some, that is today's trading session, here comes the CME which in a post-closing announcement, proceeds to hike outright margins on a variety of petroleum and freight products, but more importantly just cut the margins on gold by 9%. Is it that time when the establishment is clearing the path for everyone to rotate out of equities (and/or bonds) into gold, just to set the trap and pull the trapdoor once everyone is once again left holding paper gold? We shall see, but following tonight's selloff, gold is now less than 5% less than stocks YTD. It may well be up to the last trading session of the year to determine who wins in 2012: rock or paper.

VIX Snaps To Six-Month Highs On Longest Stocks Slump Since May

Submitted by Tyler Durden on 12/28/2012

For the first time since May, the S&P 500 has fallen for 5 days in a row. VIX has very much heralded the fact that investors were not as bullish as media-types would like to believe - as we have vociferously noted - and today's jump in the VIX pushes it to six-month highs over 22.5%. The S&P 500 futures ended the day-session at the week's lows testing down just shy of last week's flash-crash lows. Meanwhile, while equities slumped catching down to Treasury yields, commodities were relatively flat as was the USD; it seems that the excess longs in equities relative to the rest are unwinding - a different picture than what was seen during last Summer's debt ceiling debate.

Obama: "My Offer Is Nothing" - Stocks Plunge

Submitted by Tyler Durden on 12/28/2012

Looks like today everyone in Congress was short. Here's why:

OBAMA SAID NOT TO MAKE NEW OFFER IN FISCAL CLIFF TALKS
OBAMA OFFER DETAILED BY SOURCE FAMILIAR WITH WHITE HOUSE MTG
OBAMA SAID REITERATING PROPOSAL FROM LAST WEEK ON FISCAL CLIFF

So much for a deal, and so much for the invisible DJIA support at 13,000.

End-Of-Week Algo-gasm Insanity Imminent?

Submitted by Tyler Durden on 12/28/2012

UPDATE: S&P says an impasse will not prompt an immediate downgrade - ramp-on (perfectly to VWAP and faded)

The Dow just breached 13,000 to the downside and S&P 500 futures are bleeding lower (catching down to a more anxious credit and Treasury market). Now well below VWAP, we worry that the plethora of headlines about to be unleashed on the investing world will create chaos in the markets (most likely futures first given liquidity). AAPL used the rampathon to get to Boxing Day's closing VWAP for a heavy dump. Will the meeting (which started at 1510ET) end after the day-session close allowing futures traders to play? who knows...

How Algos Orchestrate "Momentum Ignition" Chaos

Submitted by Tyler Durden on 12/28/2012

On December 26, 2012 at 11:02:59, the market suddenly exploded with activity (SPY dropped below 141.88 - a low set 12 days earlier on December 14). Approximately 3,800 March 2013 eMini futures contracts (S$P 500) were sold during that second. Nanex thought the sudden explosion in activity warranted a closer look. What they found was fascinating. It appears the entire market-wide move may have been carefully orchestrated. One thing for certain is that our regulators will never be able to see the big picture if their analysis tools (MIDAS) only looks at equity data. Analyzing price moves in futures and options is crucial to understanding market-wide moves in equities, and visa versa. The sad truth is that 'momentum ignition' events such as this occur all the time. See this page more details, including an animation that shows where and when these events have occurred since 2007.

Bob Shiller On The 'Housing Recovery': "Highly Uncertain, It's Risky"

Submitted by Tyler Durden on 12/28/2012

Sometimes, taking a break from the mainstream view of the world is healthy for our sheep-like tendencies to follow the herd. To wit, Robert Shiller can't understand the enthusiasm for the long-term recovery outlook of the housing market. With rentals rising and home-ownership dwindling, Shiller, in this Bloomberg TV clip, questions the positivity noting that the outlook is 'fuzzy' at best; and in fact in the short-term is negative as MoM things have deteriorated modestly (though seasonally). He note that the focus has been on multi-family residences and "if you are sitting in a suburban single-family house - what is your outlook? Highly uncertain - It's Risky!" And in one of the most prescient comments of recent weeks, Shiller admits something that many others should try: "[the outlook] could be up; but I don't see how anyone knows?" adding that another plausible outlook for the next five years is that "housing stays right where it is now," adding that Zillow's 1.3% annual real growth expectation could be too optimistic.

‘Fiscal Cliff’ Distracts As ‘Fiscal Abyss’ In Japan, UK and U.S. Cometh

Submitted by Tyler Durden on 12/28/2012

The U.S. federal deficit is now exceeding $1 trillion dollars every year —up from $161 billion in 2007, the last year before the financial crisis. Spending is up some $1 trillion, as outlays for Social Security, Medicare, Medicaid and other entitlements have increased by an amount equal to the entire 2013 military budget – a budget which may again surpass the combined military expenditure of every other nation in the world. U.S. unfunded liabilities are now estimated at between $50 trillion and $100 trillion and by the end of the decade (in less than just 7 years), runaway entitlement spending will require shutting down the military or crippling many other vital domestic spending programs to head off massive deficits that will likely lead to a dollar crisis and significant inflation. No matter what deal is eventually agreed, whether before or after the new year, it will at best nibble at the edges of the trillion dollar annual deficits that are being piled up. While all the focus has been on the so called U.S. ‘fiscal cliff’, amnesia has taken hold and many market participants have forgotten about the far from resolved Eurozone debt crisis – not to mention looming debt crisis in the UK and Japan.

China Passes Law Legalizing Deletion Of Internet Posts Or Pages Containing "Illegal" Information

Submitted by Tyler Durden on 12/28/2012

While the US is caught in a rancorous debate over allowing the government to define just what was and wasn't meant by the Second amendment, and how best to limit it and give the government even more powers, China is more focused on its version of the First. Because on Wednesday we reported that in its attempt to make the Internet "healthier, more cultured and safer" and to curb what Chinese regulators dub "rumors and vulgarity" it would pass a law making internet anonymity impossible. Sure enough, said proposal has now been enacted into law, which just happens to also ensure that the First amendment is never an issue China has to worry about. Per Reuters: "China unveiled tighter Internet controls on Friday, legalizing the deletion of posts or pages which are deemed to contain "illegal" information and requiring service providers to hand over such information to the authorities for punishment. The rules signal that the new leadership headed by Communist Party chief Xi Jinping will continue muzzling the often scathing, raucous online chatter in a country where the Internet offers a rare opportunity for debate." So much for reform. And so much for a democratic definition of what constitutes "illegal" information. But fear not: like in China, once the various US amendments start seeing encroaching government "redefinition" ultimately they it will be the First's turn. Alas, by then it will be too late: any complaints will by then be deemed "illegal" too.

Frontrunning: December 28

Submitted by Tyler Durden on 12/28/2012

Lawmakers, Obama in last chance talks on "fiscal cliff" (Reuters)

Obama Summons Congress Leaders as Budget Deadline Nears (BBG)

Hopes for fiscal cliff deal fade  (FT)

Iran starts navy drills in Strait of Hormuz (Reuters)

Looming Port Strike Deadline Pressures Obama to Intervene (BBG)

Home Depot to Lowe’s Busiest Season Threatened by Strike (BBG)

'Whale' Capsized Banks' Rule Effort (WSJ)

China tightens Internet controls, legalizes post deletion (Reuters)

Goldman Sachs Buying Japan’s Exporters on Abe Policy Bets (BBG) and preparing one Goldman alumnus to take over the BOJ

IPOs Slump to Lowest Level Since Financial Crisis After Facebook (BBG)

Blackstone seen sticking with SAC despite insider trading probe (Reuters) - what a shock

Mistry at Tata Helm as Investors Query $500 Billion Goal (BBG)

High-Speed Traders Race to Fend Off Regulators (WSJ)

Same Cliff Different Day

Submitted by Tyler Durden on 12/28/2012

We could say that news is actually relevant or matters in this "market" but we would be lying, just as we would be lying if we said that this market has not become so utterly predictable, with yesterday's late day market surge - on yet another ridiculous catalyst - visible from so far away, it was almost painful to watch it take place in real time. Sure enough, futures are now sliding back, and giving back much of yesterday's gains - but don't worry, in a day full of even more meetings and flashing red headlines, at least some combination of carefully phrased MSM words will set off today's algo-driven buying frenzy, guaranteeing yet another "retail investor" decides they have had it with this farcical "free market" casino for ever.

The Real Crisis: "People Have Lost Trust In The Government And The Market"

Submitted by Tyler Durden on 12/27/2012

The death of the 'cult of equities' was a popular topic this year among both fringe blogs and the best-known institutional asset managers and sell-side strategists. As AP discusses in this excellent article, ordinary Americans - defying decades of investment history - are selling stocks for a fifth year in a row. It's the first time ordinary folks have sold during a sustained bull market since relevant records were first kept during World War II. The answer is both complex and simple but summed up best by a former stock analyst's comment that in order to buy stocks "You have to trust your government. You have to trust other governments. You have to trust Wall Street, and I don't trust any of these." With Fed policy trying to force investors back into stocks (at any cost), a former fund manager notes, presciently that, "When this policy fails, as it will, baby boomers will pay the cost in their 401(k)s." Are we the new 'Depression Babies'? We suspect so.

Chicago reaches 500 homicides with fatal shooting AP

India gang-rape suspects to face murder charges (CBS/AP) NEW DELHI - Indian police charged six men with murder on Saturday, hours after a woman who was gang-raped and beaten on a bus in New Delhi nearly two weeks ago died in a Singapore hospital. { Clearly, says the california-american jurist/jurisprudential scholar, this girl was not a victim but really ‘wanted it’ and while she may have been screaming/saying ‘no’, she really meant ‘yes’ since otherwise her body wouldn’t have permitted that rape (and beating) to happen. See … now that’s why we have professionally educated/trained judges … to ‘split the pubic hairs’, so to speak … (that judge should be forced to step down)} Calif. judge says a victims' bodies can prevent rape CBS News SANTA ANA, Calif. A Southern California judge is being publicly admonished for saying a rape victim "didn't put up a fight" during her assault and that if someone doesn't want sexual intercourse, the body "will not permit that to happen.” { Wow! Spoken like a true california american jurist. Well, with violent rapes on the rise along with other serious violent among other crimes in america and california particularly, and elections being what they are, ‘might as well go with the flow’ might have been the ratio-decedendi. After all, most violent criminals in america are closet pacifists/peace corp members and if the body says yes or no but the mind subconsciously says yes, only then will a rape happen (NOT!); and, no violent rapist would let a LIVE/CONSCIOUS rape-resistor get in the way of implicit consensual rape. Wow! I initially was going to quip, ‘he doesn’t get out much’; but, maybe he just ‘gets out too much’. Wow! What more can anyone say! [ If the foregoing didn’t make sense to you, that’s because the californication judge’s outrageous statement is absolutely preposterous! ] }

12-27-12 Guest Post: Presenting The Decline Of The West In Two Easy Infographics

Submitted by Tyler Durden on 12/27/2012

Two interesting infographics were published recently that make it so easy to see the decline of the West, even a caveman can do it. Both of these infographics point to the same conclusion: the west is living far beyond its means and is struggling with pitifully anemic growth. This is a long-term trend, and one that is only going to accelerate. Yet as obvious as the indicators may be, few people will actually do anything about it.

The Farce Is Complete: In The Case Of Countrywide, Congress Finds Itself Innocent Of Being "Friends Of Angelo"

Submitted by Tyler Durden on 12/27/2012

Just when you thought the seemingly endless rabbit hole of Wall Street-Washington corruption, cronyism, co-option, crime and kickbacks may have finally come to an end, here comes the House Ethic Committee to pronounce that no ethics breaches were found among House members in its investigation involving the scandal surrounding Countrywide "VIP loans" and the "Friends of Angelo." And in just doing so, the House effectively cleared itself of any wrongdoing and that's it, case closed - move along... Move along.

16 Things About 2013 That Are Really Going To Stink

http://theeconomiccollapseblog.com

http://albertpeia.com/16bad2013.htm

Government Dependents Outnumber Those With Private Sector Jobs In 11 U.S. States

http://theeconomiccollapseblog.com

http://albertpeia.com/moretakersthanmakers.htm

What Happens When the Bond Markets Turn Against the US?

December 27, 2012 http://gainspainscapital.com

http://albertpeia.com/screwturnsagainstus.htm

Government Dependents Outnumber Those With Private Sector Jobs In 11 U.S. States

Economic Collapse | America is rapidly becoming a nation of takers.

Fiscal cliff deal could elude Congress

Jamie Dupree | As the Senate returns to work on Thursday morning and President Obama retuns early from a Christmas vacation in Hawaii, the latest five day break from Washington, D.C. does not seem to have produced any way forward on the tax and budget impasse known as the fiscal cliff.

Report: $91 million spent on secret NSA tests probing domestic computer systems

The Daily Caller | The National Security Agency is conducting secret tests on the computer systems of U.S. private sector entities, including public utilities, a CNET report revealed this week.

Social Security Ran $47.8B Deficit in FY 2012; Disabled Workers Hit New Record in December: 8,827,795

CNS News | The Social Security program ran a $47.8 billion deficit in fiscal 2012 as the program brought in $725.429 billion in cash and paid $773.247 for benefits and overhead expenses, according to official data published by Social Security Administration.

Another Bait And Switch: Congress Defeats E-Mail Privacy Legislation... Again

Submitted by Tyler Durden on 12/27/2012

This is how the corporate state rolls.  They remove all the important stuff at the last minute, you know, like provisions that might actually protect constitutional rights.  This is exactly what they just did with the NDAA. Repeat after me: Your Government Loves You.  Now go back to sleep.

Savings Deposits Soar By Most Since Lehman And First Debt Ceiling Crisis

Submitted by Tyler Durden on 12/27/2012

A month ago, we showed something disturbing: the weekly increase in savings deposits held at Commercial banks soared by a record $132 billion, more than the comparable surge during the Lehman Failure, the First Debt Ceiling Fiasco (not to be confused with the upcoming second one), and the First Greek Insolvency. And while there were certainly macro factors behind the move which usually indicates a spike in risk-aversion (and at least in the old days was accompanied by a plunge in stocks), a large reason for the surge was the unexpected rotation of some $70 billion in savings deposits at Thrift institutions leading to a combined increase in Savings accounts of some $60 billion. Moments ago the Fed released its weekly H.6 update where we find that while the relentless increase in savings accounts at commercial banks has continued, rising by another $70 billion in the past week, this time there was no offsetting drop in Savings deposits at Thrift Institutions, which also increased by $10.0 billion. The end result: an increase of $79.3 billion in total saving deposits at both commercial banks and thrifts, or an amount that is only the third largest weekly jump ever following the $102 billion surge following Lehman and the $92.4 billion rotation into savings following the first US debt ceiling debacle and US downgrade in August 2011.

Guest Post: No More Industrial Revolutions, No More Growth?

Submitted by Tyler Durden on 12/27/2012 - 16:49

The common feature of the transformative technologies of the 20th and 21st centuries is that they were one-offs that cannot be duplicated. What if the engines of global growth that worked for 65 years (since 1945) have not just stalled but broken down? The primary "engines" have been productivity gains from industrialization, real estate development and expansion of consumption based on the continual expansion of debt and leverage--in short-hand, financialization. Doing more of what has failed will only set up a grander failure as returns on all our debt-based "investments" become ever more marginal and the return on increasing complexity drops into negative territory. Once complexity yields negative returns, the systems that depend on complexity quickly destabilize and implode.

Reid-Off; Boehner-On; McConnell-Off; Reality-Gone

Submitted by Tyler Durden on 12/27/2012

UPDATE: ES -7 after-hours from closing highs (McConnell-Off)

Equity markets started the day off slowly but with confidence disappointing and Harry Reid's name-calling, not even the arrival of the chosen one was enough to juice anything but a minimal bounce in stocks. It looked like S&P 500 futures (ES) were going to retest the flash-crash lows from last week but thanks to a well-timed piece of news that Boehner will be in session on Sunday night (though no accompanying notes on exactly what magical book of crap they will sign off - or not - on) was enough to spur Johhny-5 and his friends into algo-asm action. The initial jerk was perfectly to VWAP and the second jerk took AAPL up to yesterday's closing VWAP. This strength dragged ES higher - reconnecting with a less excited risk-asset market that had remained flat from the day-session open. FX and vol were the main levers to the upside with Treasuries less enamored - though HYG was lifted to fill Monday's gap. Mitch McConnell spoiled the party a little into the unchanged close.

AAPL, Market Go Vertical On House Conference Call News

Submitted by Tyler Durden on 12/27/2012

It appears that our expectation for a 3:35 pm rumor was some 45 minutes too late. No sooner than headlines crossed the wires that:

*U.S. HOUSE SAID TO PLAN 6:30 P.M. SESSION ON DEC. 30

*REPUBLICAN AIDE REPORTS FROM HOUSE MEMBERS' CONFERENCE CALL

then stocks ramped instantly to their VWAPs and beyond... efficient markets? whocouldanode? This way at least, when nothing happens on Sunday night, as nothing will (as it comes three days before Boehner's reelection), the flashbacks to the TARP 1 vote will be front and center, but the good news is that the downside will be limited by the limit down barrier in ES.

So Much For That Santa Claus Rally?

Submitted by Tyler Durden on 12/27/2012

For those who prefer to trade by looking the rear-view mirror, December was looking like a bias-confirming 'Santa-Claus-Rally' month until just a few days ago. For the past 15 years, S&P 500 futures have averaged a rather consistent trend 2% gain in December and in the week leading up to Christmas, the S&P was holding up that plan at +2.6%; but now, sadly, the S&P is down for the month (underperforming the average by around 250bps). Oh, well, we hear there is a January effect to trade soon?

Guess Who Continues To Not "Rotate" Out Of Treasurys And Into Stocks

Submitted by Tyler Durden on 12/27/2012

Those who read our article on this topic at this time last week should already know the answer to this rhetorical question. Everyone else may be a little surprised to learn that at a time when every Primary Dealer's sales desk has been pushing what little is left of gullible investors into stocks because the "Great rotation out of bonds and into stocks is our Top trade of 2013" (source: [every sellside strategist]), just as these seem poised to tumble in a recreation of the August 2011 debt ceiling fiasco (as we have been warning for months), their holdings of these same boring old Treasurys once again rose in the latest week ending December 19, increasing by another $10 billion, and hit a fresh all time gross high of $146 billion. Judging by what is increasingly a rotation out of stocks and into bonds, the smart money - correction the only money remaining - appears positioned correctly once again.

Remember: always do what they do, not what they say.

Initial Claims Drop To 350K, Beat Expectations From Upward Revised Baseline

Submitted by Tyler Durden on 12/27/2012

Update: the BLS disclosed that it had to estimate the data for 19 states due to holiday office closures. Good enough for Ministry of Truth work.

In what is a traditional slowdown to the layoffs season in the week leading into Christmas, initial unemployment claims, dropped from an upward revised 362K (was 361K) to 350K, below a consensus print of 360K, and the lowest seasonally-adjusted number in nearly 5 years. The boost, of course, was all in the ARIMA X-12 seasonal adjustments, as the not seasonally adjusted number rose by 39K to 441K. Although in a world in which only Case-Shiller says to use its Non-Seasonally Adjusted print as a far more accurate indicator of concurrent data, nobody cares about the BLS pre-adjustment data. In fact, judging by the market response, nobody cares about BLS data anymore, period, with absolutely no response by the market following the Claims print. Perhaps the only realm, unfudged notable number was the jump in people claiming claims at the State level, which soared by 71K in the week ending December 8, to a 3.238MM total. This happened even the surge of those collecting EUCs finally ended, with just 4K new collectors of EUCs and Extended Benefits. The good news is that at least nothing is Sandy's fault, at least this week.

Lede Of The Day: "Spanish Lender Bankia Will Wipe Out 350,000 Shareholders"

Submitted by Tyler Durden on 12/27/2012

Been a while since we had some amusement out of the Bazooko Circus known as Europe, which for the past month has gone completely dormant, not because "it is fixed" but because, just like in Japan where the JPY has plunged on expectations of an action by the BOJ, so Europe has continued to benefit from the threat of the latest and greatest proposed ECB intervention: the OMT, which on one hand keeps the vigilantes in check, but on the other delays any painful reforms even as the underlying Spanish economy continues to deteriorate without any real structural reforms: something which a surge in rates would promptly precipitate (and once expectations turn to reality, it's all over: just see the recent QE3 and QE4 attempts by the Fed). So speaking of Spain, today's recap sentence of the day goes to Reuters' Julien Toyer with the following: "Spanish lender Bankia will wipe out 350,000 shareholders, many of them small savers with little knowledge of financial markets, after it emerged it had a negative value of 4.2 billion euros." Now if only the Spanish wipe out ended with Bankia's shareholders...

Frontrunning: December 27

Submitted by Tyler Durden on 12/27/2012

U.S. Family of Mao’s General Assimilates, Votes for Obama (Bloomberg)

Iron ore prices hit eight-month high (FT)... four months after plunging and crushing iron ore miners

Obama seeks 60 Senate votes for cliff deal (MarketWatch)

Need. Moar. InfinitQEeee: Japan PM adviser urges unlimited BOJ easing, higher price goal (Reuters)

Yen Touches 16-Month Low Versus Euro Before Japan CPI (BBG)

China consumers driving economic rebound (Reuters) - ot just year end window dressing to accompany the new Politburo

Rajaratnam agrees to pay $1.5 million disgorgement in SEC case (Reuters)

France should review 2013 deficit target with EU partners (Reuters)

Monti-led poll alliance takes shape (FT)

Bersani wants growth-oriented Europe (FT)

12-26-12

It’s Not a “Fiscal Cliff” … It’s the Descent Into Lawlessness

Posted by: George Washington

Post date: 12/24/2012

It’s Not a Tax or Spending Problem … It’s a Devolution Into Lawlessness

http://albertpeia.com/americasdescentintolawlessness.htm

{ That’s certainly been my direct experience; and I’ve been warning and ‘yelling from the rooftops’. Nobody listened! Now it’s time to pay the piper! : Chief Justice John Roberts Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm … }

Why Bernanke’s Terrified of 2013

December 23, 2012 http://gainspainscapital.com

http://albertpeia.com/helicopterbenafraidof2013.htm

Agenda 21 Is Being Rammed Down The Throats Of Local Communities All Over America

http://theeconomiccollapseblog.com

http://albertpeia.com/agenda21ramdown.htm

25 Facts That The Mainstream Media Doesn't Really Want To Talk About Right Now

http://endoftheamericandream.com

http://albertpeia.com/25factsmainstreammediahides.htm

Say Goodbye To The Good Life

http://theeconomiccollapseblog.com

http://albertpeia.com/americasgoodbyetogoodlife.htm

A Canadian Summarizes America's Collapse: "Everyone Takes, Nobody Makes, Money Is Free, And Money Is Worthless"

Submitted by Tyler Durden on 12/26/2012

On this lackluster Boxing Day dominated by illiquid moves in every asset class, we thought a few succinct minutes spent comprehending the US and European government policies of social welfare and their outcomes was time well spent. Canadian MP Pierre Poilievre delivers a rather epic speech destroying the myths of US and European 'wealth' noting that "Once the US citizen is in debt, the US government encourages them to stay in debt," noting that "the US government encouraged millions of Americans to spend money they did not have on homes they could not afford using loans they could never repay and then gave them a tax incentive never to repay it." His message, delivered seamlessly, notes the inordinate rise in the cost of all this borrowing, adding that "through debt interest alone, soon the US taxpayer will be funding 100% of the Chinese Military complex." From Dependence to Debt to the Welfare State and back to Dependence, this presentation puts incredible context on the false hope so many believe in the US and Europe. Everyone takes, nobody makes, work doesn't pay, indulgence doesn't cost, money is free, and money is worthless. Must watch.

Home prices tick lower in October Marketwatch

Disappointing holiday sales dent retail stocks Marketwatch

Where to put money in 2013 Marketwatch Many stock investors believe 2013 will be their lucky year. But this bull market turns four in March, well past the historical life span of  U.S. bull runs. { Keep in mind, also, this was a contrived, contra-indicated, unaffordably QE-fed bull(s**t) cycle in an unequivocal secular bear market (and worse). }

US Stocks Up With ‘fiscal cliff’ Talks to Resume

AFP | Stocks slightly higher as Obama heads back from Hawaii.

Charity Begins With Wealth Creation

John Stossel | Private charity is unquestioningly better than government efforts to help people.

US Stocks Slide on ‘fiscal cliff’ Concerns

AFP | With the clock ticking, no compromise appears imminent.

U.S. retailers see holiday sales weakest since 2008

Industry Leasers | Despite huge lines recorded on Black Friday, the U.S. retailers understood that Americans were not so keen on opening their wallets during the 2012 holiday shopping season.

Does Libor Manipulation Deserve The Death Penalty?

Zero Hedge | Bloomberg’s William Cohan released a provocative piece last night, headlined by the even more provocative “UBS Libor Manipulation Deserves the Death Penalty.”

Barack Obama ‘eager’ to fall off fiscal cliff, says senior Republican senator

London Guardian | Senator John Barrasso tells Fox News Sunday he thinks the president is ‘eager to go off fiscal cliff for political purposes’.

Bah! Humbug And A Happy Hyperinflationary Christmas To All

Zero Hedge | There are, according to USA Today, 364 items that need to be purchased to create the ultimate gift basket from the epic holiday song “The 12 Days of Christmas”.

A Record $2 Trillion In Deposits Over Loans - The Fed's Indirect Market Propping Pathway Exposed

Submitted by Tyler Durden on 12/26/2012

Perhaps one of the most startling and telling charts of the New Normal, one which few talk about, is the soaring difference between bank loans - traditionally the source of growth for banks, at least in their Old Normal business model which did not envision all of them becoming glorified, Too Big To Fail hedge funds, ala the Goldman Sachs "Bank Holding Company" model; and deposits - traditionally the source of capital banks use to fund said loans. Historically, and logically, the relationship between the two time series has been virtually one to one. However, ever since the advent of actively managed Central Planning by the Fed, as a result of which Ben Bernanke dumped nearly $2 trillion in excess deposits on banks to facilitate their risk taking even more, the traditional correlation between loans and deposits has broken down. It is time to once again start talking about this chart as for the first time ever the difference between deposits and loans has hit a record $2 trillion! But that's just the beginning - the rabbit hole goes so much deeper...

US Treasury "Rises Above" The Debt Ceiling - Now What?

Submitted by Tyler Durden on 12/26/2012

When Tim Geithner announced an hour ago that the US debt ceiling will officially be "risen above" on December 31, he stated that there are approximately two months in which the Treasury can take emergency measures to delay the actual debt ceiling breach, a moment in time which we believe will take place some time in March. Upon further reflection, with the automatic spending cuts and tax hikes that will take place on January 1, the irony is that the debt ceiling extension may last materially longer due to a substantial reduction in the US budget deficit, potentially pushing the final threshold to as late April or even May which means the political theater is going to last for even longer than we expected - something which both parties now appear set to capitalize on as much as possible. So the question now is what are the options before Tim Geithner and what are the "emergency measures" the Treasury take to delay the inevitable moment when one of three things happens: i) the US hikes its ceiling, ii) the US begins living within its means, iii) the US defaults on its debt. Since the third, and certainly second are impossible, and since the debt ceiling theater is something we all lived through as recently as 2011, here is the article we penned in January 2011, when that long ago debt ceiling of a mere $14.3 trillion was about to be breached, and whose ultimate rise required a 20% market plunge together with an S&P downgrade of the then pristine US AAA rating (an event which Tim Geithner had said shortly prior there is no risk of ever occuring), answering precisely this question.

Chart Of The Day: Retail Sales & Excuses

Submitted by Tyler Durden on 12/26/2012

Not surprisingly when wages and salaries are growing at a slower rate there is a corresponding weakness in the level of retail sales.  The peak in wages and salaries occurred in early 2011 with the subsequent growth rate trending weaker.  This corresponds with the economy which has continued to muddle along at a very anemic pace.  While it may be likely that the damage from Hurricane Sandy may have soured some sales, particularly in the North East, it is unlikely to have had much of an effect on the retail sales nation wide.   For majority of America the "fiscal cliff" debate largely goes unnoticed as it remains a battle between the White House and the "rich" - for the rest the country it is more of a distraction from the things that matter like "Honey Boo Boo" and "Housewives Of Whereever".   What does matter though, as stated above, are incomes.  The decline in incomes, which can be seen in the roughly 1.2 million person increase in food stamp participation from June to September, is why retail "holiday" spending is weaker.  With credit limits reduced, incomes stagnant and real costs of living on the rise - it is not surprising that retail sales are far weaker than the NRF's holiday season predictions.

Geithner - US To Hit Debt Ceiling On December 31

Submitted by Tyler Durden on 12/26/2012

Just because the Fiscal Cliff was not enough...

GEITHNER SAYS U.S. WILL REACH STATUTORY DEBT LIMIT ON DEC. 31

GEITHNER: WILL USE `EXTRAORDINARY MEASURES' TO AVOID DEBT LIMIT

TREASURY: SPECIAL MEASURES TO MAKE $200 BLN  ROOM UNDER LIMIT

GEITHNER: $200 BLN TO LAST TWO MONTHS IN `NORMAL CIRCUMSTANCES'

GEITHNER: TAX, SPENDING `UNCERTAINTY' MAKES DURATION NOT CLEAR

GEITHNER SAYS ALL MEASURES HAVE BEEN USED IN PRIOR IMPASSES

GEITHNER OUTLINES PLANS IN LETTER TO SENATE MAJORITY LEADER

So since America's dysfunctional congress failed to "rise above" the Fiscal Cliff, it at least succeeded to "rise above" the debt ceiling. One out of two is not too bad...

Oil Flare Fails To Ignite Risk-On Rally In Stocks With VIX At 5-Month Highs

Submitted by Tyler Durden on 12/26/2012

Despite the fact that Europe was closed today, the algos were not to be put off as the day broke beautifully into two pieces with a linear sell-off across assets into 1130ET and then a de-correlated nothing-burger all afternoon amid volumes lower than a CNBC anchor's IQ. Makes perfect sense right? The market dribbled higher off the lows into the close and then we got a little discombobulated in the last few minutes as Boehner rumors hit and ETFs (notably bonds - TLT) went a little jiggy. VIX remains bid (as we have been so clear to explain why) and while stocks weakened today, risk-assets in general were just not moving much - thanks generally to Oil's 2.75% gain offsetting Treasuries modest risk-off view. HYG (the high-yield bond ETF) went vertical into the close (following TLT's lead) but between negligible volumes and desparate attempts to pull any and every lever (EUR early and HYG late) to get things going, VIX's message is stay hedged into the new year (at 5-month highs with biggest 5-day jump in 7 months). S&P 500 futures closed the day-session at the low-end of the channel post last week's flash crash.

GOP Issues Latest Statement On Fiscal Cliff

Submitted by Tyler Durden on 12/26/2012

Spoiler alert: no compromise here. But at least there are 3 more trading days left... including December 31.

Guest Post: The Structural Endgame Of The Fiscal Cliff

Submitted by Tyler Durden on 12/26/2012

To understand this endgame, we need to start with the financial and political basics of wealth and power in the U.S. Put these nine structural dynamics together and the endgame becomes clearly visible: Politically, a Tyranny of the Majority comprised of those who draw direct transfers/benefits from the Federal government, is ruled by the top half-of-1% financial aristocracy who own the majority of income-generating assets.  The minority, who pay most of the taxes (the 24.5% between the majority and aristocracy), will see their taxes rise as the aristocracy buys loopholes and exclusions while the bottom 50% pay no income tax. Financially, the Federal government’s spending has outrun the tax revenues being collected.  Structurally, Federal expenditures for entitlements (Medicare, Medicaid, Social Security, Veterans Administration, etc.) will rise as Baby Boomers retire en masse over the next 15 years, while tax revenues will stagnate along with earned income. There is no way to square these circles. What few dare admit, much less state publicly, is that the Constitutional limits on the financial Aristocracy and the Tyranny of the Majority have failed.

Brits Counter-Petition: Keep Piers Morgan, We Don't Want Him Back

Submitted by Tyler Durden on 12/26/2012

Just as we warned in our previous discussion, the Brits, concerned that the dreaded Piers Morgan may be forcefully removed from the USA, have now lodged their own petition. With over half the signatures required, the counter-petition to Home Secretary Theresa May begs her to: Stop Piers Morgan From Being Deported Back To The UK From America... "We got rid of him once and why should we have to suffer again. The Americans wanted him so they should put up with him. We washed our hands of him a long time ago." They do have a point. We hear Belize has a quietly-used compound going cheap?

Will Rising Union Activism Expose The Zombified US Pensions

Submitted by Tyler Durden on 12/26/2012

Over the last few years, and at an increasing pace as of more recently, unions have become more and more confident of their ability to effect change and taken much more aggressive activist positions against the capitalist oppressors. The most recent examples range from California cities to Twinkies-maker Hostess Brands, and each time the stance from the unions appears to have been far more aggressive (and M.A.D. prone) than in the past. The question is why? Perhaps, as we tweeted following Hostess' liquidation:

Will the broke PBGC step in and fund Hostess' 18,000 workers suddenly vaporized pensions?

...It is the confidence of an all-powerful government at their back with the US Pension Benefit Guarantee Corporation, which is the backstop for private sector plans, providing cover. The problem is, as UBS explains, the PBGC has a huge deficit and is cashflow negative. This leads us to the uncomfortable expectation of further USD government support (bailout) or a more direct monetization by the Fed. PBGC could be impacted severely if a few large firms terminate their pensions. In this case, UBS expects PBGC to sell equities and buy long duration fixed income.

Monetary Malpratice: Deceptions, Distortions & Delusions

Submitted by Tyler Durden on 12/26/2012

By the Deceptive means of Misinformation and Manipulation of economic data the Federal Reserve has set the stage for broad based moral hazard. Through Distortions caused by Malpractice and Malfeasance, a raft of Unintended Consequences have now changed the economic and financial fabric of America likely forever. The Federal Reserve policies of Quantitative Easing and Negative real interest rates, across the entire yield curve, have been allowed to go on so long that Mispricing and Malinvestment has reached the level that markets are effectively Delusional. Markets have become Dysfunctional concerning the pricing of risk and risk adjusted valuations. Fund Managers can no longer use even the Fed's own Valuation Model which is openly acknowledged to be broken.

Frontrunning: December 26

Submitted by Tyler Durden on 12/26/2012

Grand Bargain Shrinks as Congress Nearing U.S. Budget Deadline (BBG)

Budget Talks Cloud Outlook (WSJ)

Obama to cut vacation short to deal with fiscal crisis (Reuters)

Stop-gap fix most likely outcome of "fiscal cliff" talks (Reuters)

Aso Named Japan’s Next Finance Chief as Abe Primes Fiscal Pump (BBG)

Aluminum Glut No Bar to Gains as Barclays Says Sell (BBG)

Morsi signs controversial charter into law  (FT)

Children, many ill, would be victims of Russia ban on U.S. adoption (Reuters)

Turkey Central Bank Unveils New Tool to Limit Bank Debt Risk (BBG)

Refi Program Expansion Eyed (WSJ)

India Joins Indonesia Facing Heightened Policy Dilemma (BBG)

12-24-12

Ron Paul: Government Security Is Just Another Kind Of Violence

Submitted by Tyler Durden on 12/24/2012

Obviously I don’t want to conflate complex issues of foreign policy and war with the Sandy Hook shooting, but it is important to make the broader point that our federal government has zero moral authority to legislate against violence. Furthermore, do we really want to live in a world of police checkpoints, surveillance cameras, metal detectors, X-ray scanners, and warrantless physical searches?  We see this culture in our airports: witness the shabby spectacle of once proud, happy Americans shuffling through long lines while uniformed TSA agents bark orders.  This is the world of government provided "security," a world far too many Americans now seem to accept or even endorse.  School shootings, no matter how horrific, do not justify creating an Orwellian surveillance state in America. Do we really believe government can provide total security?  Do we want to involuntarily commit every disaffected, disturbed, or alienated person who fantasizes about violence?  Or can we accept that liberty is more important than the illusion of state-provided security? Government cannot create a world without risks, nor would we really wish to live in such a fictional place.  Only a totalitarian society would even claim absolute safety as a worthy ideal, because it would require total state control over its citizens’ lives.  We shouldn’t settle for substituting one type of violence for another. Government role is to protect liberty, not to pursue unobtainable safety.

Eric Sprott: Why Are Investors Buying 50 Times More Physical Silver Than Gold?

Submitted by Tyler Durden on 12/24/2012

For the time being, the silver price is essentially set in the paper market where the daily average trade on the Comex is approximately 300 million ounces. An outrageous number when you compare it to the daily mine production of about 2 million ounces. As Bart Chilton, Commissioner of the Commodity Futures Trading Commission stated on October 26, 2010, “I believe there have been repeated attempts to influence prices in silver markets. There have been fraudulent efforts to persuade and deviously control that price. Based on what I have been told and reviewed in publicly available documents, I believe violations to the Commodity Exchange Act have taken place in the silver market and any such violation of the law in this regard should be prosecuted.” Which brings us back to the phrase “Follow the money.” In our view, it is almost inconceivable that investors would allocate as many dollars to silver as they would to gold, but that is what the data shows. The silver investment market is very small. While the dollar value of gold in the world approaches $9 trillion, the value of silver in the forms of jewelry, coins, bars and silverware is estimated at around $150 billion (5 billion ounces at $30 per ounce). This is a ratio of 60:1 in dollar terms. How long can investors continue to buy silver at the current ratios when the availability for investment is only 3:1? We are surprised that the price of silver has remained at such a depressed level compared to gold. Historically, the price ratio between gold and silver has been 16:1, when both were currencies. Today the ratio is 55:1, so what are the numbers telling us? We believe this is one of those times when smart investors will be well rewarded to “Follow the money.”

Volume Off; Hedges On

Submitted by Tyler Durden on 12/24/2012

Equity futures closed at their lows (after cash ended nearer its highs) amid deathly quiet volume with VIX at 6 week highs and HYG underperforming. Much was made Friday about the compression in VIX from its early spike highs - with those that have the microphones explaining how this must be a bullish sigh - surely, and that this also means the cliff resolution is merely hours away. Unfortunately, as we noted at the time, both VIX's behavior (and the reality of our politicians) means that resolution is nowhere near (and the options market remains priced for more pain). In fact the rolling of hedges in VIX futures (and Friday's quad-witching) almost forced spot VIX to drop; today we see spot VIX rising  (towards its now anchored January futures levels) and still pointing to significantly more 'concerned' pricing than the market would suggest. We go back to what we have been saying - managers know that selling down their exposure into this thin market creates a bid vacuum (a la Thursday's flash-crash) and so bidding option protection is the only way to survive (meanwhile dribbling down the underlying exposure). During this holiday week, with its low volumes, it would surprise us to see VIX rising further as algos take advantage of low volumes to tickle stocks higher - but the vacuum underneath grows larger by the day.

Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. }

Submitted by Tyler Durden on 12/24/2012

Zimbabwe's hyperinflation, courtesy of one Gideon Gono - the brilliant man behind such grand monetary experiments as QE and its offshoots throughout the developed world - and numerous one hundred trillion dollar Zimbabwe dollar bills, may have come and gone, and the country may no longer have a functioning currency of its own, but it certainly has the aftermath of the most recent episode of modern-era monetary hyperinflation to contend with. And with the holidays here, AP provides a very bleak snapshot of what the country which currently has an 80% unemployment, has to look forward to. Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe.

The Ultimate Global Risk Matrix - In Seven Dimensions

Submitted by Tyler Durden on 12/24/2012

Sometimes it takes 60 pages to describe where we have been this year; on other occasions it takes 28 pages to describe where we are going and why. However, BBVA (via Constantin Gurdgiev's True Economics) have managed to condense the state of risk in our global markets down to seven critical dimensions (and into one table). From Macro (GDP and inflation) to Fiscal, Liquidity, and Credit Growth, the following matrix is your must-have guide for this new-year's cocktail party circuit. You're welcome...

Does Libor Manipulation Deserve The Death Penalty?

Submitted by Tyler Durden on 12/24/2012

Bloomberg's William Cohan released a provocative piece last night, headlined by the even more provocative "UBS Libor Manipulation Deserves the Death Penalty." We can only assume that Cohan is being metaphorical - after all, despite the rare occasional recent criminal charge no one has still gone to prison for the biggest coordinated manipulation of a benchmark fixed income market for years: something previously relegated to the fringes of crackpot conspiracy theories - after all, so many people were in on it, how can they possibly all keep their mouths shut - you know, the usual excuse against massive conspiracy theories, at least until they become conspiracy fact. Yet one wonders: will current and future ongoing market manipulations ever cease when there is no real deterrent: after all spending a few years in jail is certainly worth a few million in ill-gotten proceeds, even assuming the termination of a career in finance. Is Cohan being rhetorical? Or has the time for some true vigilante justice finally come? Because in a world increasingly best portrayed by the 2009 movie "The International" where one has to "go outside" a captured legal system to get real justice, is vigilantism eventually coming to every town near you, once the money illusion ends? And a bigger question - is this the main preemptive reason for the gun control push seen so vividly in recent days and months?

1000x Systemic Leverage: $600 Trillion In Gross Derivatives "Backed" By $600 Billion In Collateral

Submitted by Tyler Durden on 12/24/2012

There is much debate whether when it comes to the total notional size of outstanding derivatives, it is the gross notional that matters (roughly $600 trillion), or the amount which takes out biletaral netting and other offsetting positions (much lower). We explained previously how gross is irrelevant... until it is, i.e. until there is a breach in the counterparty chain and suddenly all net becomes gross (as in the case of the Lehman bankruptcy), such as during a financial crisis, i.e., the only time when gross derivative exposure becomes material (er, by definition). But a bigger question is what is the actual collateral backing this gargantuan market which is about 10 times greater than the world's combined GDP, because as the "derivative" name implies all this exposure is backed on some dedicated, real assets, somewhere. Luckily, the IMF recently released a discussion note titled "Shadow Banking: Economics and Policy" where quietly hidden in one of the appendices it answers precisely this critical question. The bottom line: $600 trillion in gross notional derivatives backed by a tiny $600 billion in real assets: a whopping 0.1% margin requirement! Surely nothing can possibly go wrong with this amount of unprecedented 1000x systemic leverage.

Frontrunning: December 24

Submitted by Tyler Durden on 12/24/2012

Global Currency Tensions Rise (WSJ) - in other words, when everyone eases to infinity, nobody eases

EU to give Spain, France more time to cut deficit (Reuters) - But not because their economies are not "recovering" fast enough, oh no.

As we expected, Grupo Bimbo considering a bid for Hostess' snack cakes and bread brands (NY Post)

Time for bus-control: Eleven children killed in latest Chinese bus crash (Reuters)

Greece Should Write Off Billions of Overdue Taxes, Report Says (BBG) - not all taxes in perpetuity?

India clamps down on gang-rape protests, PM appeals for calm (Reuters)

But Meredith Whitney said... Push for Cheaper Credit Hits Wall (WSJ)

For Greece, last major austerity package, says eurozone official (Kathimerini)...  "unless there is another one"

Americans Miss $200 Billion Abandoning Stocks (BBG) ... and two flash crashes... and $15 trillion in artificial central bank props

Goldman Sachs Takes Long View Over Payouts (FT)

Cliff Would Strike Low Incomes Hard (WSJ)

Afghan policewoman kills US police adviser (AP)

For Sale in Japan: Electronics Assets (WSJ)

RANsquawk EU Market Re-Cap - 24th December 2012

Submitted by RANSquawk Video on 12/24/2012

The 'Fiscal Cliff' Through the Eyes of Cartoonists

Submitted by Tyler Durden on 12/23/2012

Presented with little comment.

Guest Post: 2012: Calm Before The Storm

Submitted by Tyler Durden on 12/23/2012

We have a new era dawning in Global Monetary policy. It is a new day with the monetary skies already red. Within 90 days the captains of monetary policy have steered the world into uncharted waters and on a course that history warns us against. Federal Reserve: QE3 "Unlimited" and QE4 within 90 days, ECB: OMT "Uncapped", BoJ: QE 10 and the newly elected Prime Minister Abe's mandate for "Inflation at any cost" BoE: UK's newly appointed BoE Governor, Mark Carney's Monetary Evan Rule targeting. These untested and newly commissioned captains all have PhD's from the finest Economic schools in the world, but they clearly have not studied nor grasped the key lessons of history. To any sane person, who has a grasp of what is presently occurring, it is obvious that the current state of affairs is unsustainable. The question is how long can the Monetary Captains' misguided policies keep us off the shoals of our economic destruction. How long can policies of "Extend and Pretend", Kick the Can Down the Road" or "Fake it Until You Make It" continue? The answer is likely unknowable, the certainty of it ending badly is not.

12-21-12 Dave’s Daily: http://www.etfdigest.com ‘FAILURE OF LEADERSHIP 12-21-12 The day is not done in this area of the world but from what I can tell the planet survived the Mayan apocalypse. The same can’t be said for fiscal cliff negotiations. Boehner’s “plan B” never got to vote since it didn’t have the votes. Republicans just don’t want to be accused of raising taxes especially when there aren’t any serious spending cuts in the mix. It’s just that simple really. The baton was passed to Harry Reid who just couldn’t grasp it knowing they were ill-prepared for any plan to vote for or against.On the one hand it’s good there are disagreements since you wouldn’t want anything rammed down the people’s throat without discussion. At the same time the WH and congress have had plenty of time to discuss things since Simpson-Bowles. That report was promptly put in the dumpster. It should have gotten a vote but none of the parties wanted to touch it. Therein is the shame of it all. So a pox on their houses! Now the parties will leave on holiday which shouldn’t be permitted given their failures. But who’s to stop AF One and others from hightailing it? Not a soul. Meanwhile, Bernanke & Co will keep the money printing presses running should the cliff result in a disruption. The only problem there is running out of ink. Stock markets sold-off hard (futures limit down overnight) on the news but, for the most part, still are clinging to gains on the week. Leading stock sectors lower came from across a wide spectrum. Bonds (TLT) were higher. The dollar (UUP) was stronger on a (cough) flight to quality while gold (GLD) oddly rallied modestly. Commodities (DBC) were flat overall while basic metals (DBB) rallied slightly. To complicate matters Friday was quad-witching meaning spooky things can occur with prices manipulated by odd mechanical objectives (option strike prices, expirations and so forth) having nothing to do with basic investment practices. Obscured by the theatrics were some mixed economic data. Durable Goods Orders rose (.7% vs .5% expected & prior revised higher to 1.1%) while ex-Transportation (1.6% vs .2% expected & prior 1.9%). Personal Income rose (.6% vs .3% expected & prior .1%) while Spending rose (.4% vs .4% expected & prior 1.2%). Both these data points were heavily influenced by Hurricane Sandy it’s said. University of Michigan Consumer Sentiment weakened (72.9 vs 75 expected & prior 74.5). Overseas news featured an expected resignation from Italy’s Monti. In the UK GDP worsened (.9% vs 1% expected) while the BOE wants banks to raise their reserve requirements which logically would reduce lending.  Volume on this pre-holiday week of trading (along with quad-witching) was heavy. Breadth per the WSJ was quite negative…’

75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe

Submitted by Tyler Durden on 12/21/2012 75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe Snyder http://albertpeia.com/75terribleeconomicnumbersof2012.htm

What a year 2012 has been!  The mainstream media continues to tell us what a “great job” the Obama administration and the Federal Reserve are doing of managing the economy, but meanwhile things just continue to get even worse for the poor and the middle class. Right now we are living in a bubble of debt-fueled false prosperity that allows us to continue to consume far more wealth than we produce, but when that bubble bursts we are going to experience the most painful economic “adjustment” that America has ever gone through.  We need to be able to explain to our fellow Americans what is coming, why it is coming and what needs to be done.  Hopefully the crazy economic numbers that we have included in this article will be shocking enough to wake some people up.

Markets & Macro - 2008 And Today

Submitted by Tyler Durden on 12/21/2012

It seems left, right, and center we hear that fundamentals are currently supportive of equities. However, dismal earnings outlooks (and historicals) aside, we have seen the current pattern of macro-economic data 'outperforming' economists' expectations while stocks don't appear to fully play along before - it was mid-2008. As is clear from the chart below, the rapidity of the collapse in macro data should be greatly concerning to any and all who think there is even a possibility we go over the cliff - as, for sure, economic expectations are not priced for that at all (and stocks for at worst a modest macro weakening only).

Guest Post: The Unadulterated Gold Standard Part 3

Submitted by Tyler Durden on 12/21/2012

Following Part 1 (History), and Part 2 (Interventionism), Part 3 provides a more technical look at the key features of the unadulterated gold standard.  It could be briefly stated as a free market in money, credit, interest, discount, and banking.  Another way of saying it is that there would be no confusion of money (i.e. gold) and credit (i.e. paper).  Both play their role, and neither is banished from the monetary system. There would be no central bank with its “experts” to dictate the rate of interest and no “lender of last resort”.  There would be no Securities Act, no deposit insurance, no armies of banking regulators, and definitely no bailouts or “too big to fail banks”.  The government would have little role in the monetary system, save to catch criminals and enforce contracts.

How 10,000 Contracts Crashed The Market: A Visual Deconstruction Of Last Night's E-Mini Flash Crash

Submitted by Tyler Durden on 12/21/2012

On December 20, 2012, there was an Event in the eMini futures at 20:18:40 ET. The data exhibits many hallmarks of a HFT (High Frequency Trader) market maker absorbing sell orders up to their limit, and then turning around and dumping those contracts as fast as possible. Exactly what happened in the Flash Crash on May 6, 2010 (this documentary on youtube has a great explanation). Only in this case, the original seller appears to be much more aggressive than Waddell & Reed's algorithm. The drop came in 2 seconds, and halted trading for 10 seconds. The flash crash halted eMini trading for just 5 seconds. A mere 10,000 contracts (or $700mm notional) was enough to do all that damage - enjoy.

The One Thing Everyone Is Forgetting About The Fiscal Cliff

Submitted by Tyler Durden on 12/21/2012

While everyone is hypnotized by the melodramatic theater in D.C., it is worth reminding readers just what the one most important statement so far uttered by anyone on the topic of the Fiscal cliff is. That statement belongs to Chairman Bernanke, it was uttered during the December 12 Fed press conference when QE4EVA was announced, and is his response to Peter Cook from Bloomberg TV who asked "if the policy makers were not to agree to some sort of deficit deal by the end of this year and we were to go over the fiscal cliff, that the size of these asset purchases could indeed grow in response to that?' Bernanke's response: "if the economy actually went off the fiscal cliff, our assessment, the CBO’s assessment, outside forecasters, all think that that would have very significant adverse effects on the economy and on the unemployment rate. And so, on the margin, we would try to do what we could. We would perhaps increase a bit." And there you have it, and there goes any sense of urgency, at least until the real deadline in late March, when the Treasury will have tapped out the G-fund and can't extend the debt ceiling any more.

"Get to work, Mr. Chairman."

Guest Post: Santa Keynes and the Hayekian Grinch

Submitted by Tyler Durden on 12/21/2012

We are now approaching the fourth Christmas of the great debate between the benign supporters of Santa Keynes and the walnut-hearted acolytes of the Hayekian Grinch. Or at least that’s how Keynesians seem to see it. Far from being a success, Keynesian policies have retarded recovery and extended the downturn, just as they did in the 1930s and the 1970s. They’re the “moral” policy present that keeps on taking, supported by those who claim that their opponents have hearts “two sizes too small.”

It's 3:30 PM: Here Comes The Rumor

Submitted by Tyler Durden on 12/21/2012

This manipulated market has become so predictable a blind, retarded monkey with a dartboard should have made enough money by now to retire 3 lifetimes over.

From 9:39 am:

@SpecSitInvestor we may well close >1% when the Fiscal Cliff deal rumor hits at 3:30pm

Sure enough, at 3:19 pm:

White House Said to Consider Smaller Fiscal Cliff Deal: Politico

And cue melt up.

Why The Manufacturing Jobs Are Not Coming Back

Submitted by Tyler Durden on 12/21/2012

There are a plethora of reasons underpinning the fact that manufacturing jobs are not coming back to the USA. Perhaps the simplest is purely economic. As McKinsey notes in a recent report, manufacturings' role in job creation shifts over time as manufacturing's share of output falls and as companies invest in technologies and process improvements that raise productivity. A critical finding is that as manufacturing's share of national output falls, so does its share of employment - following the inverted 'U' curve below. Manufacturing job losses in advanced economies have been concentrated in labor-intensive and highly tradable (read globalizable) industries such as apparel and electronics assembly. Thanks to the increased productivity and a 'high' credit-enabled standard-of-living, the US has simply priced itself out of the global manufacturing business (and so is China as its GDP per capita rises). Unless Americans are willing to put the twinkie (and iPad) down, those jobs will continue to bleed overseas (to India based on the chart below) building the ever-more self-fulfilling vicious circle of a nation dependent on state-aid to survive as only the 'unlucky' few remain employed.

Monti. Out.

Submitted by Tyler Durden on 12/21/2012

The rumors have been flying around all morning, but now it's news...

ITALY PRIME MINISTER MONTI RESIGNS, PRESIDENT SAYS

Italian credit spreads leaked wider all morning and EURUSD lower though the correlation to losing a technocrat is perhaps a stretch. And so the great "Mark-to-Monti" Goldman rotation (as described previously) is complete, with Goldman losing a technocratic scribe, who is no longer needed thanks to yet another Goldmanite now in charge of the ECB, but far more importantly, Goldman has now gained control over that most prized of central planner jewels: the Bank of England.

Guest Post: The Upside Of The Fiscal Cliff

Submitted by Tyler Durden on 12/21/2012

Facing reality is positive. That's the upside to the fiscal cliff. The last decade's fantasy that we could borrow our way to prosperity while lowering taxes on upper-income earners (because it's so cheap to borrow trillions at near-zero interest rates) is finally running into reality-based resistance.

Bulletproof Backpacks And Combat Apparel Sales Soar

Submitted by Tyler Durden on 12/21/2012

First gun sales soared, then Wal-Mart ran out of guns, then parents, stunned by the popular response in the aftermath of the Newtown mass murder which saw the White House threaten to curb the Second Amendment and lead to an even more unprecedented scramble for guns and ammo, and seeing nothing but confusion (but lots of bickering meant to extract nothing but political brownie points) out of the government instead of any hope of actual protection, decided it was time for some vigilante protection. The end result: sales of bulletproof backpacks have soared, with sales exploding as much as 500% since Friday. And since the white line from a defensive to an offensive posture is very thin, it is likely only a matter of time before we get the first media report of a 6 year old armed with a 44 caliber during recess.

European Stocks Ignoring Everything (Like The US Until Last Night)

Submitted by Tyler Durden on 12/21/2012

While Italian and Spanish sovereign bonds weakened notably today, the equity markets across Europe decided that the limit-down move in US futures was a storm in a teacup and ignored it. EURUSD has broken its inexorable 10-day linear ramp leaving the USD almost perfectly unchanged on the week. Italy and Spain equity indices are up 2.6% and 3% respectively while Italian and Spanish bond spreads are around 16bps tighter. Rather like what we witnessed this week in the US, Europe's VIX exploded today (biggest jump since July) as protection was sought in a hurry but the underlying indices did not drop as (just like over here) they are simply too illiquid to cope with the kind of selling that is desired. This leads to the game-theoretical first-mover dilemma - and the preference was to hedge via bonds, FX, and options as Europe closed - because think of the optics if Spanish stocks were to fall? Spot The Odd Market Out!

Consumer Confidence Plunges To Lowest Since July, Biggest Miss Since 2007

Submitted by Tyler Durden on 12/21/2012

After theatrically soaring to a 5 year high in November, when the UMich confidence final print rose above the 82 level, the final UMich consumer confidence number just tumbled by a whopping 10 point down to 72.9, well below the expected 75.0 print, and below the preliminary read of 74.5. This was the biggest percentage slide since February 2007. So much for the great pick up in confidence, driven by the foreclosure stuffed subsidized "recovering" housing market. Perhaps it's time to get a seasonally adjusted confidence number?

RANsquawk EU Market Re-Cap - 21st December 2012

Submitted by RANSquawk Video on 12/21/2012

Frontrunning: Mayan Apocalypse Edition

Submitted by Tyler Durden on 12/21/2012

This is signal, the rest is noise: Russia's Putin set for stand-off with EU on Syria, energy (Reuters)

Boehner's Budget 'Plan B' Collapses (WSJ)

Boehner has few options in "fiscal cliff" mess (Reuters)

Maya "end of days" fever reaches climax in Mexico (Reuters)

Monti Praised by Merkel Favored Less by Taxed Italians (BusinessWeek)

China probes Yum Brands' KFC over safety of chicken productsa (Reuters)

Looting in Aregentina: 400 Border Guard officials deployed to Bariloche over looting (BAH)

Regulatory 'Whale' Hunt Advances - Comptroller Expected to Take Formal Action Regarding JPM's Trading Fiasco (WSJ) - but no punishment

U.K. Banks Seen Sacrificing Lending to Meet BOE Demand (Bloomberg)

US banks face rise in bad loans cover (FT)

Daily Gun Slaughter in U.S. Obscured by Newtown Rampage (BBG)

China Restricts Bond Sales by Risker Companies (BBG)

12-20-12 Dave’s Daily: http://www.etfdigest.com ‘ “THE END IS NEAR” – FISCAL CLIFF 12-20-12 Well, that’s what we’re told anyway. Tomorrow is the Mayan doomsday prophecy and/or perhaps a fiscal cliff deal. I believe Obama was slated to leave for a Hawaiian holiday, but that may be postponed.The Executive branch and the Senate and House of Representatives each has a role to play in the budget process. The congress is divided. Compromise is the only solution as in, “I’ll give you X and you give me Y”. This is the way it should go but the House and WH are wide apart with only some give around the edges. The House Speaker, John Boehner, through a bill is publicly putting his side’s agenda to a vote. So that’s a marker from which to negotiate theoretically. And, yes, the Senate will not take up the bill if passed so as not to legitimize it.Perhaps by the time you read this the world will have ended making this analysis moot.Jobless Claims rose (361K vs 359K expected & prior revised higher to 344K). The previous lower report may have been an outlier. The average for 2012 is demonstrated below and this report remains near the average.

http://albertpeia.com/daveschart122012no1.gif

GDP final Q3 data was at 3.1% which was greater than prior estimate of 2.7%. Under the hood, nearly half the annualized growth was from government (.75%) and inventories (.73%). Personal Consumption rose 1.12% but below previous estimates of 1.42%. Q4 estimates are averaging only 1%. Below is a graph from the BEA.

http://albertpeia.com/daveschart122012no2.gif

Philly Fed Survey rose (8.1 vs -2 expected & prior -10.7) while Existing Home Sales rose 5.9% (5.04M vs 4.94 expected & prior 4.76M). Both were excellent reports with the latter in complete contrast to Monday’s Empire State Index (-8.1). So we’re left to scratch our heads.Stocks were flat earlier and then rose once Speaker Boehner said he’d still be negotiating with the president once his bill has passed. This caused stocks to rally modestly. But then leader Harry Reid adjourned the Senate with the intention of reconvening December 27^th for another round of the mini-series. Basically Reid & Co are just the closing act anyway but there won’t be a deal before Christmas it seems.The bigger news is the ongoing sell-off in precious metals. Some are finding explanations difficult but it seems it involves two basic issues: hedge fund redemptions and sector rotation. With the former heavy selling it feeds on itself triggering stops and more selling. We won’t know the seriousness of it until January frankly. Gold (GLD) and silver (SLV) are leading metals lower. In sympathy copper (JJC) has also been driven lower. Frankly with the dollar (UUP) falling and central banks in full money printing mode, commodities and precious metals should be soaring. Financials (XLF) (KBE) and real estate REITS (IYR) (RWX) led the way higher. Bonds (IEF) were stronger while commodities (DBC) were weaker. Naturally financials were helped by the ICE takeover of the venerable NYSE. The buyer liked the brand and possibly their HFT center which accounts for most of the volume these days.Volume was modest while breadth per the WSJ was positive…’

75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe

http://theeconomiccollapseblog.com

http://albertpeia.com/75terribleeconomicnumbersof2012.htm

How to Play the Fiscal Cliff Failure

December 20, 2012 http://gainspainscapital.com

http://albertpeia.com/fiscalclifffailure.htm

Futures Flash Crash As ES Plummets To Limit Down

Submitted by Tyler Durden on 12/20/2012

No, really, there is a big, huge, massive rotation out of those dangerous, inflationary bonds into safe, predictable equities...

The Great Spanish Crash - Documentary

Submitted by Tyler Durden on 12/20/2012

Forget what you are told by various European officials. Ignore the endless parade of manipulated market savants who 'see' sovereign spreads falling and claim that indicates all is well in Europe. To truly understand the situation, watch this must-see documentary from the BBC's Paul Mason on the rise and fall of Spain. From dictatorship to democracy and from construction boom to economic bust, Mason pulls no punches in this down-to-earth realization that things are far worse than any 'market' would suggest. It is critical to understand that free markets are the stick (or carrot depending upon your style of vigilantism) to incent governments to be proactive. With the very visible hand of ECB-funded banks bailing one another out, all the politicians are doing in this 'lull' is nothing at all! Instead, the watchers (and prognosticators) simply observe the market and their bias is to believe that they 'fixed' it. This documentary will explain why that is absolutely not the case.

A Fiscal Flowchart For Dummies: Here Is What Happens Next

Submitted by Tyler Durden on 12/20/2012

Confused by what is about to take place amid the loud noise, political posturing and rhetoric that as soon as tomorrow will hit an unseen before level as Obama's plan to split the GOP has worked so well it has completely backfired and thrown any game theoretical forecasts out of the window? Here is Goldman's fiscal flowchart, which is not for faint of heart, as ever more signs point to the box with the all caps "recession" written all over it.

VIX Decoupling Band Snaps Even As SPX Still Has A Ways To Go

Submitted by Tyler Durden on 12/20/2012

A mere 7 hours ago in "Just in case there is no deal" as is now the case, we noted that there was a considerable divergence between the equity market's roiling exuberance (and the accompanying over-confidence of the naive watchers) and the occurrences in the implied volatility world. VIX had decoupled rather notably from stocks (and its term structure had flattened as short-term protection was heavily bid). Sure enough, at the first sign of things not quite going to Plan (A, B, or Z), equity futures have collapsed amid a total farce of a market liquidity to recouple with volatility. With quad-witching tomorrow, we can only imagine the efforts the algos will be going to tonight to keep this afloat.

Plan 'C' Anyone? Boehner Humiliated As "Plan B" Lacks Enough Votes To Pass

Submitted by Tyler Durden on 12/20/2012

Update: wow:

HOUSE SCRAPS PLAN TO VOTE ON BOEHNER'S TAX `PLAN B' TONIGHT
U.S. HOUSE PLANS NO VOTES UNTIL AFTER CHRISTMAS, BURTON SAYS
BOEHNER SAYS `PLAN B' TAX PLAN LACKED SUPPORT TO PASS
BOEHNER SAYS UP TO OBAMA TO WORK WITH REID ON BUDGET PLAN

Absolute total chaos. ES at lows of the days right now. Luckily, at least the debt ceiling is a firm deadline... Sometime in late March. Oh, and goodbye Boehner?

Is The Short Squeeze Over?

Submitted by Tyler Durden on 12/20/2012

Following up on our recent discussion of the worst-is-first rally that we have all been witness to in the last few weeks, we thought it noteworthy that the 'most-shorted' names in the Russell 3000 and the index itself have now recoupled from their epic divergence post-QE3. We have seen five large short squeezes 'engineered' since the lows in March 2009 - and given Citi and BofA's 17% gains in December alone, we suspect (and have heard from more than a few funds) that year-end is bringing some forced buy-ins as SecLend desks become a little more activist.

Guest Post: The Last Christmas In America?

Submitted by Tyler Durden on 12/20/2012

As unemployment rose toward 10%, the January 1975 cover of Ramparts magazine blared: The End of Affluence: The Last Christmas in America. (TLCIA). Now statistics are echoing that last great recession: rising prices for essentials, systemically high unemployment and stagnant wages. So how does a society deal with the End of Work when it also means The End of Affluence, even for many of those with jobs? How does government deal with declining tax revenues and rising interest rates? The death throes of the debt-based consumerist lifestyle are already visible beneath the glossy propaganda of "rising revenues this Christmas season." The Fed is desperately attempting to re-inflate the debt bubble by lowering interest and mortgage rates and buying up all sorts of semi-toxic/impaired debt. What the Fed dreads is the reality we all feel and see: fear of the future due to diminished wealth and shaky incomes.

Visualizing The Changing Face Of Global Manufacturing

Submitted by Tyler Durden on 12/20/2012

Manufacturing industries have helped drive economic growth and rising living standards for nearly three centuries, and for some developing economies (as McKinsey notes in a recent report) continues to do so. Things are changing, however, as manufacturing output (as measured by gross value added) grew by 2.7% annually in advanced economies and 7.4% in large developing economies (from 2000 up until 2007); the leaders are changing rapidly China, India and Russia rise and Germany, Japan, UK, and Canada are sliding {and old news, u.s. slid}. The following chart simplifies the evolution of global manufacturing economies over the last four decades.

Comment Of The Day: On The Self-Destructiveness Of Fed Policy

Submitted by Tyler Durden on 12/20/2012

What creates real efficiency and competition are not eras of wealth and largesse, but eras of scarcity and change.  A good analogy is that war creates better armies and better weapons, not prolonged periods of peace.   Bernanke of course has zero understanding of what happens to large companies when financial reality is made irrelevant, and capital is made plentiful.  (Growth and efficiency are by no means a logical result). This is what happens when academics who are deeply inexperienced in business run monetary policy designed to stimulate business.   The market is going to bend him over the table and humiliate him eventually.  And then all that capital that he injected into the market is going to evaporate, and a generation of Americans will be financially obliterated.

Headwinds Vs. Tailwinds: The Macroeconomic HeatMap

Submitted by Tyler Durden on 12/20/2012

For all economies, the relative pressure of ‘tailwinds’ in relation to ‘headwinds’ will be crucial for the outcome of economic activity. In the chart below, Barclays shows a heat-map that represents their subjective assessment of the relative balance of forces from 2012 into 2013 and beyond. In 2013, the fiscal headwind continues to loom large and is an important basis of caution despite the strong improvement in financial conditions. The fiscal headwind is unlikely to abate by much in the US and Europe until 2014, possibly later. Other sources of ‘headwind’ are likely to continue during 2013; these include private sector de-leveraging in the highly indebted parts of Europe, as well as political uncertainty (in this context, we observe the elections in Italy (Q1) and Germany (Q4)). Monetary policy, policy reforms, and the financial markets themselves are the main tailwinds as vol suppression continues. Headwinds vs Tailwinds once again in 2013...

The Complete Politicization Of The Fed

Submitted by Tyler Durden on 12/20/2012

There have been very few times where in my 40+ years of capital markets participation that I’ve strongly believed that we have witnessed a significant, material, public but seemingly under-discussed, under appreciated watershed event that will over the next several years, impact capital markets in a profound manner.  The recent announcement by the Fed that they were to pursue the future course of monetary policy with direct regard to a specific, numerical level of unemployment in my mind, represents exactly one of those rare events. While the optics of the recent decision to accept an active target of the unemployment rate might be well meant, socially responsible and politically correct, the dependency upon the single datum construct already of a highly controversial nature may well likely reduce further the credibility of the Federal Reserve’s monetary efforts, thereby leading to slower economic growth, hiring and economic well being as adverse unintended consequences. Indeed, another triumph of form over substance wherein appearances of a literally wondrous intent might soothe the fevered brows of the public but remain entirely within the manipulative province of the data managers.

Guess Who Is NOT "Rotating" Out Of Treasurys

Submitted by Tyler Durden on 12/20/2012

If one reads sellside research (especially that of Bank of America or Goldman), if one listens to comedy-finance fusion TV channels, if one reads newspapers, one can't help but be left with the impression that everyone and their grandmother is now dumping Treasurys and buying stocks. Why - because this is a key part of Bernanke's latest masterplan (which is the same as all his previous "masterplans", which have failed so far about 4 times previously) to force what little retail investing capital is left out there out of the safety of bonds (return of capital), and into stocks (return on capital). The catalyst? This time, for real, central planners will generate enough (controlled) inflation to create losses for anyone holding long duration paper (such as the Fed of course, whose DV01 is the biggest in the history of the world at over $2 billion, but we digress). So just to test whether or not this was indeed the case, we decided to go to the source data for what the smartest money of all is doing: the 20 or so (RIP 21st PD MF Global) primary dealers. After all, if everyone is dumping Treasurys over fears of an imminent surge in yields, and rotating into stocks, it would be them right? Well, the result is charted below: we present it without commentary.

China: "Rebound Is Based On Stimulus, Not Real Strength"

Submitted by Tyler Durden on 12/20/

Confirming what we all know, here is Bloomberg's "most improved for 2012" (in our humble opinion) commentator, Michael McDonough, on China: "Fiscal stimulus has bought China’s new leadership time to pass critical reforms to spur domestic consumption and rebalance the economy, though there is little room for error. Central banks from U.S. to Japan, through unprecedented levels of quantitative easing, are influencing global markets more than ever. Concerns have arisen over China’s manufacturing sector losing competitiveness; companies including Apple and General Electric have moved some manufacturing lines back to the U.S." The Bloomberg Brief note continues: "Growth in China, which is currently being supported by government fiscal stimulus targeting infrastructure investment, will probably remain between 7.5 and 8 percent. This will buy time for the new leadership to continue with reforms, including interest-rate liberalization, designed to help stoke final demand in China and properly rebalance the nation’s economy."

Frontrunning: December 20

Submitted by Tyler Durden on 12/20/2012

IMF Demands Partial Default for Cyprus (Spiegel)

Boehner's 'Plan B' Gets Pushback (WSJ)

Beijing criticises US ‘political checks’ (FT)

White House Said to Tell Business Groups Talks Stall (BBG)

NYSE tries to get hitched again: IntercontinentalExchange in talks to buy NYSE (Reuters) -> N-Ice coming?

Greece faces ‘make or break’ year (FT)

Fed rejects idea of consensus forecasts, "maybe forever": Fisher (Reuters)

Rajoy Drives Spanish Revolution With Low-Cost Manufacture (BBG)

Italian Senate Set for Budget Vote Before Monti Resigns (BBG)

BOJ Loosens With Pledge to Review Inflation Objectives (BBG)

Bowing To Abe, BOJ To Review Price Goal (WSJ)

RANsquawk EU Market Re-Cap - 20th December 2012

Submitted by RANSquawk Video on 12/20/2012

12-19-12 Dave’s Daily: http://www.etfdigest.com ‘GOP TO TRY PLAN B 12-19-12 Oddly, its Republicans offering a plan to raise taxes but on those with incomes over $1M (vs the WH $400K) and currently does not include spending cuts. The WH immediately stated it would veto this. The bottom line, this is a symbolic gesture since the Senate won’t even vote on it according to Harry Reid. The Republican ploy is to say they’ve voted to raise taxes on the rich. Then they would allow the country to go over the cliff after transmitting this vote and forcing the WH to “own” the damage. That must be their thinking. It’s a gamble obviously but Boehner’s base has shown no support for WH plans or to roll over and violate all their principles.This left bulls somewhat shaken as stocks fell sharply after the GOP announcement but there are more rounds left in this stand-off. Stocks were overbought recently and a little rest was in order. In other words, Bulls had taken it as a given the cliff would be avoided. It still may be. We’ll just have to live with the volatility until a deal is done or not.Housing Starts fell 3% but Building Permits rose 3.6%. The former data point is the more meaningful since some permits will never evolve into a “start”.GM decided to buy back the shares the government owned at $27.50 yielding taxpayers a nearly 50% loss. Like it or not, that’s the math. Bank of America (BAC) has $64 billion of mortgage delinquencies great than 6 months on their books—nearly half of their market cap. This is some of the looking under the hood investors aren’t spending time on. Those that do like Buffett must believe the Fed will monetize and/or backstop these loans.The bullish case is quite simple: QEternity is flooding markets with liquidity that has few choices for returns beyond stocks.The bearish case is more complex: Global economic data shows a contraction in GDP, commodity demand, earnings and evenues.The dollar (UUP) was weaker as was gold (GLD). Commodities (DBC) were slightly weaker. Bonds (TLT) were stronger. Volume was somewhat lighter than on Tuesday’s good rally. Breadth per the WSJ was mixed to negative...’

Even US-Based Investors Need to Know About This

December 19, 2012 http://gainspainscapital.com

http://albertpeia.com/needtoknow.htm

‘The markets in Europe continue to rally hard despite the fact that Europe’s financial system is totally insolvent…’

20 Signs That The U.S. Poverty Explosion Is Hitting Children And Young People The Hardest

http://theeconomiccollapseblog.com

http://albertpeia.com/20signsuspovertyexplosionhittingyoung.htm

An Hour In The Company Of Kyle Bass

Submitted by Tyler Durden on 12/19/2012

Last year's AmeriCatalyst interview with Kyle Bass provided much more color than the normal 30-second soundbites that we are subjected to when serious hedge fund managers are exposed to mainstream media. This year, Bass was the keynote speaker and in the following speech (followed by Q&A), the fund manager provides 60 minutes of eloquence on the end of the grand experiment and its consequences. From Money Printing and Central Bank Balance sheets to Japan and the psychology of the current situation - which in many cases trumps the quantitative data - the question remains, "when will this unravel" as opposed to "if?"; Bass provides his fact-based heresy against the orthodoxy of economic thought "On The Financial Nature Of Things" extending well beyond his recent note. Must watch (there's no football or X-Factor on tonight).

Who Will Keep The German, And Thus Europe's, Economy Running?

Submitted by Tyler Durden on 12/19/2012

After a significant slowdown in the years before the crisis, Goldman Sachs notes that the number of immigrants coming to Germany is rising strongly again. While it is not clear at this point how sustainable this development is, it will nonetheless help to ease the strains in the German labour market. But, given the underlying demographics, we suspect, like Goldman, that an increase in immigration by itself is unlikely to prevent a meaningful decline in the labour force after 2020. Only a continuous rise in the participation rate can offset these demographic trends.

Things That Make you Go Hmmm - Such As A Fake Tan... Or A Centrally-Planned Fake Market

Submitted by Tyler Durden on 12/19/2012

Bernanke and his fellow Beltway insiders continue to apply fake tan in an attempt to make the US economy look more healthy than it is, but even though the public has been in love with the bronze monetary sheen that has been sprayed onto a decidedly pasty economy repeatedly since 2008, the backlash is picking up steam and broadening its reach. As Grant Williams discusses in this week's 'Things That Make You Go Hmmm...', from QE4's lack of 'pop' to Foodstamp Nation and the fundamental deterioration in our economy, the divergence between reality and the beauty-is-skin-deep appeal of the markets can only end one way and the earnings picture lights that up better than any other. For a little bit of everything, the newsletter below provides something for everyone.

It Really Is Different (Again) This Time

Submitted by Tyler Durden on 12/19/2012

Despite the seemingly generational destruction to household and bank balance sheets and an entirely unprecedented fiscal and monetary policy reponse, investors would never know it given the market's reactions from the 2009 lows relative to its rally from the 2003 lows. Different this time? hhmmm... Worried about gold prices falling also? Doesn't look like we learned anything from the 'Debt Ceiling' debate either...

Guest Post: Santa, Please Let This Be the Last Christmas in America That 'Saves' The U.S. Economy

Submitted by Tyler Durden on 12/19/2012

Our Christmas wish to Santa: please let this be the last Christmas in America that is dominated by the propaganda that holiday retail sales have any more impact on the $15.8 trillion U.S. economy than a moldy, half-eaten fruitcake left over from 2009.

Sorry (Poor) Kids: The Road From Rags To Riches No Longer Passes Through College

Submitted by Tyler Durden on 12/19/

... at least statistically speaking. Yes, outlier cases will always exist and there will always be a rags to Geology 101 to riches story somewhere, but as the following fascinating and very much damning (the entire higher learning industry of the US) diagram from Reuters demonstrates, colleges, in their once vaunted role of a "great equalizer for the classes" as defined over a century ago by Horace Mann, no longer exist.What does the above chart imply? Nothing more than that for the vast majority of people, college degrees are the modern-day equivalent of very, very expensive snake oil. Yes: colleges are sold to you as the critical stepping stone on the path to wealth and prosperity, but sadly the empirical evidence demonstrates that when it comes to an actual, demonstrable income effect, only the wealthiest people actually benefit from a degree! The lowest fifth of household by income see their change in income decline by 10%, while the middle fifth sees an incremental 2.1% drop. Where do incomes rise? When you are already wealthy and belong to the highest fifth of households by income: there, going to college boosts your income by an additional 15.1%

Theater-Off: Stocks Slump Most In 5 Weeks As Bipolar Market Forgets Its Lithium

Submitted by Tyler Durden on 12/19/2012

It's rather ridiculous that today's sell-off of around 0.6% (in the S&P) is the largest plungefest in five weeks. Volumes were high, though not as high as yesterday's with average trade size also relatively high. S&P futures peaked right before the US day-session open today and dropped all day long (with a slight bump higher into the European close) retracing most of yesterday's gains with decent blocks going through in the last few minutes push to lows. VIX led the weakness all day and stocks' selling pressure ignored relative underperformance in Treasuries (yields ended the day around unch), modest USD weakness close-to-close (though the day session saw USD strength return), and a spike in WTI (+3.1% on the week). Even trying to lever HYG didn't work to keep stocks up today. Gold and silver cliff-ledged early but gold recovered and stabilized while Silver slid to lows of the day (-3.5% on the week). Trading was relatively orderly until the last few minutes which saw a typical push for VWAP fail and the sell orders piled up into the close (and beyond in futures).

Morgan Stanley Redeems Paulson Investments: Explanation For Recent Gold Liquidation?

Submitted by Tyler Durden on 12/19/2012

In key news that may well be the missing puzzle piece to explain some of the very odd market moves in the past week, we just learned courtesy of CNBC, that Morgan Stanley's Wealth platform unit has finally, after months and months of considerations, pulled the plug on the fund that for the second year in a row is one of the three worst performing in the weekly HSBC report and is now redeeming. That in itself is not unexpected. What however is notable is that MS withdrawing hundreds of millions in feeder capital may well explain why gold has seen such a dramatic dislocation in the past week. Recall that at Paulson & Co, gold is not simply an investment - the bulk of direct gold investments at the once legendary investor are in the form of (largely underperforming) gold mining stocks - but an actual investment class. In other words, instead of being denominated in USD, investors are actually denominated in (paper) gold, with a fixed conversion into GLD at inception. This means that upon liquidation of gold-denominated shares, any gold-denominated shares, he has no choice but to sell GLD, and by virtue of this being the most liquid paper instrument in the PM space, gold. Does the massive gold dislocation in the chart below now make more sense especially since Paulson was aware of MS' intentions days in advance and traded, or in this case liquidated, appropriately)?

Pump-And-Dump Beats Buy-And-Hold In The New Normal IPO Market

Submitted by Tyler Durden on 12/19/2012

In today's 'fast money'-inspired, everyone's-a-winner, there's-a-bull-market-somewhere world of investing, the old school remains stoic in their buy-and-hold mantra that the Fed has your back and over the long-term retirement is assured and 'holding-hands as you walk along golden beaches with your loved one' is a mere few percent of your salary tithed away every month away... Well, sorry to steal the jam from their donut, but across a massive 568 IPOs in the last few years, Bloomberg's Chart of the Day shows that, in fact, buying and dumping within one-day is massively more profitable than buying-and-holding in the new 'capitalism'. As the mainstream media can't help but notice every uptick in China's share prices as a sign that all-is-well in the world, the local fund managers live by a different meme: "It’s weird that in China the longer you hold new shares, the bigger losses you’ll take."

Guest Post: Global Economic Slowdown Signals Sad New Year

Submitted by Tyler Durden on 12/19/2012

The markets, as most people reading this should now well know, no longer reflect in any way the true economic health of our country.  If one was to measure the financial “recovery” of this nation by the strength of global stocks alone, he would probably come to the conclusion that the collapse of 2008 was a mere hiccup in the overall success of the worldwide economic system.  However, electronically traded equities with little more to back their value than scraps of receipt paper and numbers on a screen have no bearing on what is going to happen to you, and to me, over the course of the coming year.  The stock market is a sideshow, a popcorn movie, a façade.  The real drama is going on behind the scenes and revealed in fundamentals that mainstream analysts no longer discuss...

Guest Post: Too Big To Jail

Submitted by Tyler Durden on 12/19/2012

What’s worse than unjust and ineffective laws like the failed War on Drugs and the failed sanctions on Iran? Unjust and ineffective laws that apply to ordinary folks, but not to banksters. Once a certain segment of society becomes protected from criminal liability, that society has travelled a long way down the road to feudalism, to a caste system, to serfdom.

Housing Starts, Permits Unimpressive, Saved By "South" Surge

Submitted by Tyler Durden on 12/19/2012

There was little excitement in today's November housing starts and permits numbers, the first of which missed expectations of 872K modestly, and was down from 894K to 861K on a seasonally adjusted, annualized basis (64.6K unadjusted, non-annualized, the lowest since March; the Northeast unadjusted print was 25% lower than a year ago!). The prior two months were also revised lower from from 863K and 894K to 843K and 888K. On the other hand, permits which are nothing more than an opportunity cost fee for an application filed with the local housing office, rose from 868K to 899K. Curiously enough, this was the one series that was supposed to benefit from Sandy, as builders would step up reconstruction efforts in the hurricane impact areas. Alas, that did not happen, in the impacted Northeast Region, as both Starts (73K) and Permits (76K) came at multi month lows (in the case of permits, this was the lowest print of all of 2012). What did drive housing starts and permits? The "South" where both categories saw the respective data prints jump to the highest since 2008. The same south which was promptly featured in our "Interactive Guide to the Housing Recovery." The housing bubble is back in full force.

Uncle Sam Books 50% Loss As Government Motors Buys Back 200MM Shares From Tim Geithner

Submitted by Tyler Durden on 12/19/2012

A few days after divesting its stake in the firm that started it all, AIG, and at a profit at that (ignoring that the risk has merely been onboarded by the Fed whose DV01 is now $2+ billion as a result), the US Treasury continues to divest of all its bailout stake, this time proceeding to GM, where the channel stuffing firm just announced it would buyback 200MM shares from the US government at a price of $27.50. More importantly, the "Treasury said it intends to sell its other remaining 300.1 million shares through various means in an orderly fashion within the next 12-15 months, subject to market conditions. Treasury intends to begin its disposition of those 300.1 million common shares as soon as January 2013 pursuant to a pre-arranged written trading plan. The manner, amount, and timing of the sales under the plan are dependent upon a number of factors." Assuming a price in the $27.50 range, this implies a nearly 50% loss on the government's breakeven price of $54. So much for the "profit" spin. One hopes all those Union votes were well worth the now booked $40+ billion cost to all taxpayers.

Six Month + Delinquent Mortgages Amount To More Than Half Of Bank of America's Market Cap

Submitted by Tyler Durden on 12/19/2012

For those curious why many people are scratching their heads how the market cap of Bank of America has nearly doubled in the past year, here it is: "Bank of America Corp. has amassed $64 billion of mortgages that are at least six months delinquent and have yet to enter foreclosure, more than twice the amount held by its four largest competitors combined." $64 billion is more than half the market cap of Bank of America as of this moment. 

Frontrunning: December 19

Submitted by Tyler Durden on 12/19/2012

Republicans put squeeze on Obama in "fiscal cliff" talks (Reuters)

Inquiry harshly criticizes State Department over Benghazi attack (Reuters)

Banks See Biggest Returns Since ’03 as Employees Suffer (BBG)

Italy president urges election be held on time (Reuters)

Bank of England Says Sterling Hurting Economy (WSJ) - there's an app for that, it's called a Goldman BOE chairman

China slowdown hits Indonesian farmers (FT)

China dispute hits Japanese exports (FT)

Market to get even more monopolized by the HFT king: Getco wins Knight with $2 bln sweetened offer (Reuters)

MF Global Cases Focus on 'Letters' (WSJ)

UBS fined $1.5 billion in growing Libor scandal (Reuters)

Spotlight swings to interdealer brokers (FT)

China Widens Access to Capital Markets (WSJ)

With Instagram, Facebook Spars With Twitter (WSJ)

RANsquawk EU Market Re-Cap - 19th December 2012

Submitted by RANSquawk Video on 12/19/2012 - 07:51

12-18-12 What In The World Are Barack Obama And John Boehner Thinking?

http://theeconomiccollapseblog.com

http://albertpeia.com/2dummiesinovertheirheads.htm { A Market Gone Vertically Wild ZH It seems wherever you look today, markets are going vertical. Whether its Citi and BofA +15% for December, Gold and Silver cliff-diving today, WTI crude surging in a v-shaped recovery or EURUSD and S&P 500 futures ramping in the most wonderfully linear manner - the market has gone a little wild today... { We’ve seen airball / balloon markets like this before … always end badly … total fraud and b***s***! Not one thing proposed does anything to change the fact that america is unequivocally broke! They must have bought off the rating agencies. After all, none of what they’re proposing, fiscal cliff and otherwise, does anything to change the nation’s dire fiscal position. The spending cuts are woefully inadequate. In fact, I believe one must reasonably infer that the rating agencies presumed a deficit reduct package that would at least be of a magnitude rivaling the automatic, fiscal cliff cuts. The reality is that even those cuts would fall short of that necessary to get defacto bankrupt america’s fiscal house in order. Make no mistake, wobama, helicopter ben, the government are well aware of the real, substantial inflationary impacts of their wall street welfare QE; and hence, are attempting to shift that burden to retirees/social security recipients. The lull before the storm/crash! } BOEHNER ADOPTS PELOSI PLAN... { Yeah … it’s time to talk ‘john the boner’ … he’s a total failure … and, he’s a very stupid man to boot. Seriously, he’s pretty dumb! Moreover, this teary-eyed ‘house speaker’ didn’t even carry his own state in the past election. They know he’s a dummy! }

Three Reasons the Fed Announced QE 4

December 18, 2012 http://gainspainscapital.com

http://albertpeia.com/whycontraindicatedqe4.htm

Better watch out: Insiders are selling Marketwatch

Why isn’t Obama demanding corporate welfare cuts? Marketwatch

Why a recession is coming no matter what fiscal-cliff deal is reached Marketwatch

15 Signs That The Ring Of Fire Is Waking Up As We Head Into 2013

http://endoftheamericandream.com

http://albertpeia.com/ringoffirewaking.htm

Jeff Gundlach On The Fiscal Cliff Circus And Why Investors Should Hold Cash Through 2013

Submitted by Tyler Durden on 12/18/2012

From the sheer hypocrisy of a fight over a few billion dollars when faced with trillion dollar deficits and the eventual austerity that will be forced upon the US, DoubleLine's Jeff Gundlach expounds during this excellent Bloomberg TV interview on his growing concerns at markets where fundamentals "are trumped by policy decisions," and while he does not believe that bond markets are bubbly at the moment, the impact of an inevitable recession could be devastating given valuations. His subtle suggestion to keep powder dry through 2013 and into 2014 (as deploying money at that future point will make all the difference), follows from his view that he does not see much value in US equities (people always want investments to go up like a line... That's just not reality) and suggests great care be taken in US bond markets (focusing on low volatility funds) as he looks at Japan's dismal record (and hyperinflationary possibilities) and reflects on the US that "the issue isn't the fiscal cliff. The issue is the fiscal crisis that the United States has been looking at for the past several years." Must watch.

A Market Gone Vertically Wild

Submitted by Tyler Durden on 12/18/2012

It seems wherever you look today, markets are going vertical. Whether its Citi and BofA +15% for December, Gold and Silver cliff-diving today, WTI crude surging in a v-shaped recovery or EURUSD and S&P 500 futures ramping in the most wonderfully linear manner - the market has gone a little wild today... { We’ve seen airball / balloon markets like this before … total fraud and b***s***! Not one thing proposed does anything to change the fact that america is unequivocally broke! They must have bought off the rating agencies. After all, none of what they’re proposing, fiscal cliff and otherwise does anything to change the nation’s dire fiscal position. The lull before the storm/crash! }

Chart Of The Day: The Death Of America's Middle Class

Submitted by Tyler Durden on 12/18/2012

There is one chart that everyone should see that is part of Reuters' must read special series: The Unequal State of America: Redistributing Up - it is the chart we have said over the past 4 years is the only one that matters for America - that showing the flattening of America's wealth distributon Gaussian curve, aka the plunder and accelerating destruction of America's middle class, at their expense benefiting the poorest and the wealthiest. This is nothing but the inevitable outcome of a co-opted, conflicted and controlled marionette government, which does the bidding of the wealthiest lobby powers (read corporate shareholders and Wall Street), partitioning the bulk of the wealth to the richest, while sending the scraps to the poorest in order to keep itself in power due to the power of the ever poorer, democratic majority. Alas, since there is never a free lunch, and since the Fed does not create wealth but through its currency debasement merely accelerates the transfer of wealth, someone ends up footing the bill? Who? None other than that part of the US population which made the United States of America the greatest country in the world, and is now watching it implode first slowly, then fast.

"As Part Of Our Ongoing Effort To Protect Bank Of America, Zero Hedge Is Blocked"

Submitted by Tyler Durden on 12/18/2012

We couldn't have said it better: "Bank of America blocks users from accessing websites that present certain risks to the bank." { When in doubt (about your competence, performance, viability), censure and shoot the messenger! }

Guest Post: Why Things Are Falling Apart... And What We Can Do About It

Submitted by Tyler Durden on 12/18/2012

To understand the reasons why our financial system, our economy and our present policies are unsustainable, we need to come to grips with two simple truths. First, the economy and government are an interconnected system. As such the party attempting to steer it does not have controlling power over it. The second fact is that “faster, better, cheaper” always wins, replacing the inefficient and unsustainable. This is the reality within which the system operates. The present foundation of the system, and our economy, is Financialization. This is not by design but rather by Darwinian evolution. It has unfortunately, become the basic engine of consumer growth through its' leveraging of collateral into debt and phantom assets, such as derivatives and bubble valuations. The limiting fact to this system is that ever-rising debt and leverage is unsustainable, once household assets and incomes stop rising.

Saxo Bank's 10 Outrageous Predictions For 2013

Submitted by Tyler Durden on 12/18/2012

Our biggest concern here on the cusp of 2013 is the current odd combination of extreme complacency about the risks presented by extend-and-pretend macro policy making and rapidly accelerating social tensions that could threaten political and eventually financial market stability. Before everyone labels us ‘doomers’ and pessimists, let us point out that, economically, we already have wartime financial conditions: the debt burden and fiscal deficits of the western world are at levels not seen since the end of World War II. We may not be fighting in the trenches, but we may soon be fighting in the streets. To continue with the current extend-and-pretend policies is to continue to disenfranchise wide swaths of our population - particularly the young - those who will be taking care of us as we are entering our doddering old age. We would not blame them if they felt a bit less than generous. The macro economy has no ammunition left for improving sentiment. We are all reduced to praying for a better day tomorrow, as we realise that the current macro policies are like pushing on a string because there is no true price discovery in the market anymore. We have all been reduced to a bunch of central bank watchers, only ever looking for the next liquidity fix, like some kind of horde of heroin addicts. We have a pro forma capitalism with de facto market totalitarianism. Can we have our free markets back please?

Gun Sales Soar In Aftermath Of Newtown Killings

Submitted by Tyler Durden on 12/18/2012

As so often happens when dealing with the fickle public, the aftermath of the news of the second worst school massacre in US history has led to precisely the opposite outcome to the one desired by the media and at least part of the general population. Because in the backlash for gun control at its tamest, and against weapon ownership of any kind at its most rabid, driven primarily by those who don't own weapons, everyone else decided to think one step ahead and preempt what may soon be yet another governmental subjugation of a constitutional amendment. The result? An absolute surge in weapon sales in the days following last Friday's tragedy.

Visualizing The Year-End Squeezapalooza

Submitted by Tyler Durden on 12/18/2012

Since the beginning of December, the Russell 2000's most-shorted index has outperformed the Russell 2000 by a magnicently squeezed 500bps! How much longer can it last? No idea but once again the worst becomes first in this topsy-turvy market.

Cramer's TheStreet.com Charged With Accounting Fraud

Submitted by Tyler Durden on 12/18/2012 - 13:03 Counterparties Mad Money Securities and Exchange Commission

Over two years ago, while scouring through TheStreet.com's filing we stumbled upon something interesting: "As a result of the need for the Company and its independent registered public accounting firm to focus attention on matters related to the Company's previously-announced review of the accounting in its former Promotions.com subsidiary, which subsidiary the Company sold in December 2009 -- including matters related to the preparation and filing by the Company in February 2010 of a Form 10-K/A for the year ended December 31, 2008, a Form 10-Q/A for the quarter ended March 31, 2009 and Forms 10-Q for the quarters ended June 30, 2009 and September 30, 2009, respectively, and matters related to an investigation commenced by Securities and Exchange Commission in March 2010 -- the Company requires additional time  to prepare its financial statements, assess its internal controls and file its Form 10-K for the year ended December 31, 2009 ("2009 Form 10-K")." Oops. We can't wait to see how Mr. Cramer will explain to the Mad Money faithful this particular twist on the hangover of the show's five year birthday bash. Also, we wonder if CNBC will finally cancel the ludicrous Jim "truth" Cramer campaign once this news breaks. We doubt it- in the quest for evaporating eyeballs, all is fair." This was in April 2010. Today, we got resolution on the matter, as the SEC finally has put the matter to close.

Deja Vu All Over Again

Submitted by Tyler Durden on 12/18/2012

Across many of the desks we hear from there is a distinct feeling of incredulity at the moves in the last week or two. Bullish or bearish, it seems the velocity and scale of the runaway moves after every utterance from D.C. has wrong-footed many across every asset class. However, one thing remains constant, a very strange case of deja vu all over again with last year's market and macro-economic behavior. The following two charts are showing spooky similarities between this year's 'fiscal cliff' hopes and fears and last year's 'debt ceiling' ecstasy and anxiety. Perhaps it will be useful to all those claiming that the market efficiently predicts a resolution - it might be useful to temper that enthusiasm given the moves we saw last year and the market's clear ignorance.

Who Needs Global Trade Anyway: FedEx Shipments Imply Subzero GDP

Submitted by Tyler Durden on 12/18/2012

With the entire "market" a synthetic algo-traded derivative (and facilitated by the fat pipe between Liberty 33 and Citadel) reflecting merely where the ES and VIX trades, and completely ignoring such trivial things as underlying corporate cash flows (see next post on market performance vs earnings) or GDP, concerns about fundamentals have become a total joke. This is obviously exacerbated by such "extenuating" circumstances as tropical storms which are designed to make any negative data irrelevant. Of course, for those still curious about such old school metrics as actual economic performance, untainted by Fed intervention (such as $85 billion in offsetting flow per month), here is one chart, showing the correlation between total FedEx package shipments and Real GDP. And no, sorry, you can't blame this one on Sandy, on the Cliff, or any of the other spin talking points. From Bloomberg: "The level of FedEx package shipments began to slump as early as the first quarter of 2012 and now appears to be signaling weaker economic conditions for 2013. In late March, FedEx made mention of cooling conditions, with CFO Alan Graf noting the economy was not as strong as  the company hoped it would be a year earlier. According to Fred Smith, FedEx CEO, “Fundamentally, what’s happening is that exports around the world have contracted and the policy choices in Europe and the United States and China are having an effect on global trade."

Spanish Bad Loans At New Record, Deteriorate At Fastest Pace Since June

Submitted by Tyler Durden on 12/18/2012

For the green-shoot-minded, last month's albeit record high Spanish bank loan delinquencies was occurring as its first derivative was slowing. Well dash those hopes as this month sees bad loans not only rise to record highs (above 11% for the first time in history) but the pace of this drastic deterioration accelerated at the fastest pace since June. We are sure somewhere a Spanish finance minister is eschewing the 2nd or 3rd derivative as an indication that the worst is over but reality is that as FROB proudly notes the number of banks who have invested in its bad bank - in a strange and twistedly ironic reacharound whereby the bad banks themselves (all domestic, no foreign, Santander 16% stake!) are buying up the assets of the nation's bad banks - the sheer size and scale of this level of bad loan and deterioration (double in two years) is far beyond anything the sovereign's bad bank is prepared for. Of course, none of that matters as Draghi's magical OMT remains the ultimate backstop to any reality emerging. Spain - getting worse, faster.

Frontrunning: December 18

Submitted by Tyler Durden on 12/18/2012

Obama Concessions Signal Potential Bipartisan Budget Deal (BBG)

Cerberus to sell gunmaker after massacre (CNN)

With New Offers, Fiscal-Cliff Talks Narrow (WSJ)

Judge rejects Apple injunction bid vs. Samsung (Reuters)

U.S. policy gridlock holding back economy? Maybe not (Reuters)

President fears for Italy’s credibility (FT)

Struggles Mount for Greeks as Economy Faces Winter (WSJ)

Abe leans on BoJ in post-election meeting (FT)

Bank of Japan to mull 2 percent inflation target as Abe turns up heat (Reuters)

EU exit is ‘imaginable’, says Cameron (FT)

Mortgage Risk Under Fire in Nordics as Bubbles Fought (BBG)

Sweden cuts interest rates to 1% (FT)

External risks impede China recovery, more easing seen (Reuters)

RANsquawk EU Market Re-Cap - 18th December 2012

Submitted by RANSquawk Video on 12/18/2012

Boehner’s House Has Increased Debt $18,944 Per Household

CNS News | Increased the debt of the federal government by $2,176,949,774,695.46.

12-17-12 Dave’s Daily: http://www.etfdigest.com CLIFF NEGOTIATIONS CONTINUE 12-17-12 ‘Bullish investors have a hair-trigger regarding any deal relating to the fiscal cliff. They presume a deal will be had around terms including higher taxes on “the rich” (loosely defined by $250K-$1M in income) and a concession to include entitlement spending reductions probably focused on social security. If agreed to this should provide a “relief rally” that may last through the holidays. Given this deal really only fixes deficit and debt conditions around the edges perhaps in early 2013 the rally will be undone. In other words, after year-end bonuses are paid to portfolio managers reality may bite after a brief honeymoon. Lingering under cliff news economic data remains poor. Monday the Empire State Mfg Survey laid an egg (-8.1 vs 0 expected & prior -5.5) as manufacturing ex-autos remains weak. A quick look at a combination of economic data below makes a weak economic picture more believable.

http://albertpeia.com/daveschart121712no1.gif

Beyond all of this is what the Fed wants you to do—buy stocks. After all, they’re providing nearly $100 billion a month in QE activity. This money will find its way into markets and will force you to buy stocks even if you don’t want to. Why? Because the alternatives are negative yields in bonds and sideline cash.The same holds true with other central banks in Europe and Asia as its raining fiat currencies.Not to be outdone, Japan’s election provided a large win for the LDP led by the conservative Shinzo Abe where “economic recovery and overcoming deflation” are top priorities. This means more stimulus and a much weaker yen as John Mauldin explains well-enough in this video and article. Yet there’s one thing Abe or anyone can do anything about and that’s poor demographics with an aging population and massive debt. Perhaps the investment strategy will evolve to a short yen/long EWJ position. We’ve already gone through one round of profitable trading short yen (YCS). But, now the yen is much oversold and short positions are now at record levels. A sharp short squeeze could occur at any moment.What could go wrong with this scenario? Markets and bond vigilantes could balk at buying more debt even as central banks print money to support deficits thru QE. The disaster scenario for all developed countries would be if interest rates rose given massive debt levels.Stocks rallied sharply once the WH agreed to consider some changes to social security and/or other entitlement changes giving investors the idea a deal is close. Even if a handshake deal is made Boehner and Obama must sell the deal to their respective base. Financials (XLF) led the charge higher along with real estate sectors (IYR) (ITB) (RWX) as they’re perceived as beneficiaries of the Fed liquidity deluge. Bonds (TLT) saw selling as stocks rose and Treasury auctions were weakly received. Meanwhile as stocks were gaining strength gold (GLD) was unresponsive in a “risk on” environment. The dollar (UUP) was flat and commodities (DBC) overall were flat. Volume was modest and only picked-up after a more conciliatory WH response on cliff. Breadth per the WSJ was quite positive…’

Society Is Crumbling Right In Front Of Our Eyes And Banning Guns Won't Help

http://theeconomiccollapseblog.com

http://albertpeia.com/americansocietycrumbling.htm

What 2013 Means For You, Your Portfolio and the Economy at Large

December 16, 2012 http://gainspainscapital.com

http://albertpeia.com/bad2013.htm

More Than 2000 Children Are Murdered In The United States Every Single Day

http://endoftheamericandream.com

http://albertpeia.com/2000americanchildrenmurderedeachday.htm

You Won’t Believe The Crazy Things That Are Being Said About Gun Owners

http://thetruthwins.com

http://albertpeia.com/crazythingssaidofgunowners.htm

22 Stats That Prove That There Is Something Seriously Wrong With Young Men In America

http://theeconomiccollapseblog.com

http://albertpeia.com/22statswhatswrongyoungamericanmen.htm

Charting US Debt And Deficit Since Inception

Submitted by Tyler Durden on 12/17/2012

In the recent aftermath of the US just concluding its fourth consecutive fiscal year with a $1 trillion+ deficit, we have been flooded with requests to show how the current fiscal situation stacks up in a big picture context. Very big picture context. For all those requests, we present the following chart showing total US Federal debt/GDP as well as Deficit/(Surplus)/GDP since inception, or in this case as close as feasible, or 1792, which appears to be the first recorded year of historical fiscal data. We can see why readers have been so eager to see the "real big picture" - the chart is nothing short of stunning.

Guest Post: Meet Brandon Bryant: The Drone Operator Who Quit After Killing A Child

Submitted by Tyler Durden on 12/17/2012

Bryant saw a flash on the screen: the explosion. Parts of the building collapsed. The child had disappeared. Bryant had a sick feeling in his stomach. “Did we just kill a kid?” he asked the man sitting next to him. “Yeah, I guess that was a kid,” the pilot replied. “Was that a kid?” they wrote into a chat window on the monitor. Then, someone they didn’t know answered, someone sitting in a military command center somewhere in the world who had observed their attack. “No. That was a dog,” the person wrote. They reviewed the scene on video. A dog on two legs? The above article is a must read for every American citizen, particularly those that get up in arms about domestic gun control, but never think twice about the horror caused by our foreign policy, which regularly murders innocent children overseas.

Latest "Grand Bargain" Compromise Shifts 'Rich' Threshold

Submitted by Tyler Durden on 12/17/2012

The rumor mill on unnamed sources and strawmen is full tonight with Reuters, Bloomberg, and WaPo all reporting on a new new deal from Obama that 'meets the Republicans more than halfway' apparently. The crux appears to be a $1.2tn tax increase (over 10 years of course) thanks to higher rates on households earning over $400k (up from his original $250k but below Boehner's $1mm) and $930bn in spending reductions, including the much-discussed 'accounting' gimmick of cost-of-living-adjustments (and unChained CPI - see below) in Social Security. The offer also has a 'debt ceiling' proviso to increase the borrowing capability for two years via McConnell's proposal. S&P futures got a lift from this great 'austerity' news (that will perplex the Keynesians) but seemingly got most of the excitement out of the way this afternoon.

GE's Jeff Immelt: "We've Definitely Seen A Slowdown In The Fourth Quarter"

Submitted by Tyler Durden on 12/17/2012

In what is likely the fist major under the radar profit warning of the current quarter, GE chief, and Obama Job Tzar, Jeff Immelt warned during GE's annual outlook meeting held earlier in Manhattan that the "economic uncertainty" in the current quarter has resulted in an investment "pause" that has resulted in a slowdown of corporate sales. Put into numbers, GE is now calling for about 8% growth this year, from a 10% forecast barely two months ago. Read: Q4 sales, and thus earnings, are set to be a major disappointment. And while no superstorms were blamed in this particular sales warning, the fiscal cliff did feature prominently. As the WSJ reports, "[Immelt] said ongoing jitters over the so-called "fiscal cliff" of tax increases and government spending cuts contributed to the trend." Then again, it is just as likely that the tapped out US consumer, whose savings rate is tumbling, whose real disposable income is now declining on a year over year basis, and whose real wage growth is decidedly negative, would be tapped out even if Obama and Boehner were not playing constant cat and mouse. But whatever the reason for the slowdown may be, one thing is certain: "Clearly, there has been an investment pause in certain industries," Mr. Immelt said. "We've definitely seen a slowdown in the fourth quarter." Bring on the spin brigade.

State Communism's Newest (public) Advocate: Jeff Immelt Posted by: CrownThomas Post date: 12/17/2012 - "the one thing that actually works, you know, state run communism may not be your cup of tea, but their government works. They have five-year plans" { Riiiiight, jeff … their government works for … their government … everyone’s equal, but some, ie., 1 party members, are more equal than others; which, is essentially what we have anyway with our faux 2-party system (no real difference, actually; indeed, ie., the contraindicated, inflationary QE is a welfare program for the wealthy frauds on wall street and paid for by everyone for their benefit and party members among others in Washington, primarily). Actually, GE has been a ‘connected government enterprise’ for quite some time. Indeed, as a point of fact, I drove down to D.C. for what was to be my first patent filing some decades ago. No sooner had I entered ‘Washington, D.C. proper’, I was stopped on the highway by (I think) Washington, D.C. police. After they checked, ran my ID, license, etc.., they said follow us … so I did. Then, after parking, walking toward the ‘patent building/address’, I was approached by a man who identified himself as a GE employee who asked (he probably already knew) where I was going and volunteered to show me the way (which he did). The veiled message was clear (previous times I had gone to D.C. on business, ie., Williams & Connolly firm, Acacia Life Insurance Co., and flown, and had no such similar experience). Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011... , Nelson Mandela 'proven' to be a member of the Communist Party Telegraph.co.uk For decades, it was one of the enduring disputes of South Africa's anti-apartheid struggle. { The failed system of communism. Not surprising that a nigger would lache on to such where everyone’s ‘equal’; but, for no good reason, other than for party membership alone some are more equal than others. Well, close enough, but no cigar. After all, chimpanzees share a 98% identical DNA profile with modern humans; and, niggers share 99% (hence, that familiar simian look of the nigger. Interestingly, I must confess that I’ve more recently particularly, developed a well-founded aversion for and antipathy towards chimps, gorillas, oranguatangs and monkeys owing to the fact that they remind me of niggers! } Chief Justice John Roberts Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

Guest Post: Hey You

Submitted by Tyler Durden on 12/17/2012

The world makes less sense every day. Little children are randomly slaughtered in their schoolrooms. Corrupt, bought off politicians pander to the lowest common denominator as their votes are only dependent upon who contributed the most to their election campaigns, which never end. Delusional, materialistic, egocentric, math challenged consumers (formerly known as citizens) live for today, enslave themselves in debt, vote themselves more entitlements, and care not for future generations. The alienation and isolation created by our sprawling, automobile dependent, technology obsessed, government controlled, debt financed society has spread like a cancerous tumor, slowly killing our country. The oligarchs will not give up without a fight. Their realization that the Brave New World method of controlling the masses has run its course has convinced them to shift their methods towards Orwell’s 1984 tactics.

Volatility Hammered As Stocks And Bond Yields Close At Highs

Submitted by Tyler Durden on 12/17/2012

For anyone watching the last hour or two of today's market, there was plenty to entertain. VXX (the implied vol ETF) collapsed in a haze of glory dragging stocks to the highs of the day with financials seeing their best day in three months. Treasury yields, Gold, and Stocks have all recoupled from the election and perhaps that is what this bond weakness is related to (as for example LQD fell to 3 month lows today, while HYG remains close to record highs). Stocks closed at Thursday's highs amid heavy and large size trades - the vertical rampathon (or inverse Baumgartnering) suggests a quiet market desparate to auction to stops. The USD ended unch, as did Gold while 30Y added 8bps as testicular fortitude appeared under pressure today. Perhaps Citi should downgrade AAPL every day? Today's #Teppergasm (h/t @gubbmintcheese) saw the NASDAQ back to unchanged for December and Citi up a measly 13.3%.

San Fran Fed Reminds Everyone Why Fed Forecasts Are A Joke

Submitted by Tyler Durden on 12/17/2012

Moments ago, the San Fran Fed, best known for spending taxpayer money to conduct such indepth analyses on topics including whether water is wet, and whether the Fed creates bubbles, has just released its most recent 'FedViews' economic outlook in which we read that "we expect growth to steadily accelerate in 2013 as the economy bounces back from harsh weather conditions and as the underlying expansion of consumer spending reemerges. We expect growth to register 1.7% in 2012 and 2.6% in 2013." This would be great if only a two minute Google search did not expose some of the San Fran Fed's previous attempts at forecasting the future, such as this one from October 14, 2010, in which the crack experts said that "we currently project that real GDP will  expand around 2½% in 2010, below its potential of about 3% annually. We expect the recovery to gain momentum over the course of next year and that real GDP growth for 2011 will reach about 3½%." Final 2011 GDP growth: 2.4%.... or this one from June 9, 2011, in which we learned that "growth should rebound in the third quarter. We expect GDP to expand at an annualized 3½% rate in the second half of the year and to continue to strengthen throughout 2012." Final 2012 GDP growth: 1.8%. Or just 50% off. Applying the same undershoot error rate to the Fed's 2013 forecast means that real economic growth next year will be at best 1.3%. And that's with a fresh $1 trillion in monetary injections from the Fed.

36 UBS Bankers To Be Implicated In Liborgate, Criminal Charges To Be Filed

Submitted by Tyler Durden on 12/17/2012

As the fallout of Liborgate escalates, the next big bank to be impacted in the fallout started by Barclays civil settlement "revelation" is set to be troubled UBS, already some 10,000 bankers lighter, where as many as three dozen bankers are reported by the implicated in the fixing of the rate that until 2009 was the most important for hundreds of trillions in variable rate fixed income products. Only instead of attacking the US or even European jurisdiction, where the next big settlement is set to hit is Japan: a country whose regulators as recently as half a year ago promised there were no major issues with Libor, or Tibor as it is locally known, rate fixings. And while this most recent development will have little material impact on UBS' ongoing business model, the one difference from previous settlements is that it will likely include criminal charges lobbed against some of the 36 bankers. From the FT: "UBS is close to finalising a deal with UK, US and Swiss authorities in which the bank will pay close to $1.5bn and its Japanese securities subsidiary will plead guilty to a US criminal offence. Terms of the guilty plea were still being negotiated, one person familiar with the matter said on Monday, adding that the bank will not lose its ability to conduct business in Japan. The pact between the bank and the US Commodity Futures Trading Commission, US Department of Justice, UK’s Financial Services Authority and UBS’s main Swiss supervisor Finma is expected to be announced on Wednesday, although last minute negotiations continue."

Santelli And Schiff On Bernanke's "Roach Motel Of Monetary Policy"

Submitted by Tyler Durden on 12/17/2012

From the government-induced structural unemployment malaise to the implosion of our entire 'artificial economy', Peter Schiff and Rick Santelli explore the dark side of monetary policy in this brief clip. On the Fed's new policy and potential exit strategy, Schiff notes that "the Fed is constructing goalposts so it never actually hits them; the Fed is never going to tighten." While Santelli tends to agree with Schiff on the eventual collapse of the USD under this never-ending Fed easing scenario, he notes that getting a fix on that USD weakness is hard given everyone is racing to debase. Schiff notes, oil prices, gold prices, food inflation, and real assets all send the signal that Bernanke chooses to ignore and on the topic of 'monetization' which Bernanke seemed so 'put off' by during the press conference last week, Sch-antelli both seemingly (obviously) conclude that the mere mention of an exit at some point in the future by the great and powerful Oz does not preclude the fact that 90% of current Treasury issuance ends up on the Fed's books... leaving the fact that selling any of this "would make 2008 look like a Sunday picnic."

Albert Edwards: “Something Bad Happened In November"

Submitted by Tyler Durden on 12/17/2012

“Something bad happened in November…and it wasn’t merely Hurricane Sandy”, the NFIB chief economist Bill Dunkelberg is quoted as saying - see chart below and link. Even scarier than the decline in the headline measure was the 37% slump to an all-time low in those firms who believe economic conditions will improve over the next six months. That 37% drop is twice the previous record 18% decline, which occurred in the immediate aftermath of the Lehman’s collapse (see chart below). For those who might immediately retort that this is a sentiment indicator that should be used as a contrary indicator - you are wrong. It is a good leading or at worst coincident indicator. I would say this datum is more than consistent with the recession that Lakshman Achuthan of the ECRI has been warning of, wouldn't you?

Projected Corporate Margin Expectations Dip To 7 Month Lows

Submitted by Tyler Durden on 12/17/2012

Buried in the Empire Fed manufacturing data is the forward expectations for Prices Paid and Prices Received. Taken together, somewhat obviously, they reflect businesses views of their margin expectations for the future. For seven of the last nine years, this future margin expectation has risen from mid-year into the end of the year (whether hope-driven or real fundamentals is unclear), but this year, the picture is very different. For the first time since 2007, future margin expectations have plunged into year-end as expectations for prices-paid have notably risen relative to expectations for prices received. Though the sample is small, the last time we saw such a huge divergence from the seasonal tendency for margin expectations was followed by an equity market reaction many would prefer not to remember.

Empire Fed Misses, Prints Negative For Fifth Consecutive Month, Hopium Rise Continues

Submitted by Tyler Durden on 12/17/2012

Whereas last month's negative print in the Empire Fed index (which beat expectations), was attributed to Sandy, it will be difficult to see what attribute can be blamed for this month's major miss, in which the NY Fed just disclosed a -8.1 General Business Conditions update, down from -5.22, and below expectations of -1. This was the fifth consecutive month in which the index has printed negative, and the 6th miss of the past 9 reports. The new orders index dropped to -3.7 from +3.08, while the shipments index declined six points to 8.8. At 16.1, the prices paid index indicated that input prices continued to rise at a moderate pace, while the prices received index fell five points to 1.1, suggesting that selling prices were flat. Bad news for anyone that needs positive margins (i.e. everyone). But that's ok, because the Hopium index, i.e., the Six Month Ahead index, which is the only thing those who fail to see what Bernanke's just announced $1 trillion injection means for the economy have to fall back on, rose from 12.88 to 18.66. So it is all about the future, forget the present, but whatever you do, don't look at the forward Prices Paid indicator which soared to 52, the highest since May: surely NY corporations are optimistic due to the fact that they can now kiss margins goodbye for at least half a year.

RANsquawk EU Market Re-Cap - 17th December 2012

Submitted by RANSquawk Video on 12/17/2012

Frontrunning: December 17

Submitted by Tyler Durden on 12/17/2012

New Calls for Gun Limits (WSJ)

Funerals begin for Newtown victims as schools confront tragedy (Reuters)

Introducing The Stock Trader of the Future (WSJ)

Feds knocking on 72 Cummings Ave door any minute now? SAC E-Mails Show Steve Cohen Consulted on Key Dell Trade (BBG)

China Signals Tolerance of Slower Growth After Meeting (BBG)

Huge mandate for Japan's LDP may be less than meets the eye (Reuters)

UBS Said to Face $1.6 Billion Libor Penalty This Week (BBG) - shareholders pay, and nobody goest to jail

Treasury Plan Would Cut Rates on Some Mortgages in Bonds (BBG)

Egypt opposition calls for protests against basic law (Reuters)

Euro Crisis Will Linger, Merkel Tells Summit (WSJ)

Economic slowdown throughout euro zone a worry for ECB: Liikanen (Reuters)

12-14-12 Newtown, CT Elementary School Shooting Tally Rises To 27 Dead, Of Whom 20 Children - Live Video

Submitted by Tyler Durden on 12/14/2012

Update 3: Adam had Aseprger Syndrome - a high functioning form of autism. In other words, watch as the debate rages over the traditional bogeyman of gun control, in a country with over three hundred million weapons, when we may well simply be talking about a mentally ill young adult.

Update 2 : NY Post now refuting CNN's initial report, and stating that the shooter's real name is Adam Lanza, not Ryan Lanza, who is instead brother of the latter. At this point there appears to be a ridiculous amount of confusion who did what, so it perhaps would be prudent on behalf of the authorities to double check this information before releasing it to the media.

Update: According to CNN the shooter's name is Ryan Lanza, out of New Jersey. Based on a White Pages reverse lookup there is an 18-24 year old Ryan Lanza living in Hoboken, NJ whose FaceBook profile lists Newtown, CT as his home city. Whether it is the same person remains to be confirmed officially.

Sadly, increasingly it appears that not a day, and certainly not a week can pass, in the US without news of some mass killing somewhere. Several days ago its was a mall in Oregon, and today it is a shooting rampage at the Sandy Hook Elementary school in Newtown, Connecticut. Here is what is known: the shooter, who CBS reports is a 20 year old from New Jersey, is reported to be dead. According to CBS 27 people are dead, of whom 18, Connecticut Post 27 people are dead, of whom 27 tragically, children. Among the dead are the principal and the school psychologist. The AP has already dubbed it "the worst school tragedy in American history." { 20 children, 7 others dead in school shooting Marketwatch { From the previous day, pre-shooting I posted : Don’t Let Your Child See a Psychiatrist. Jon Rappoport { In light of his expressed fear, psychologists can’t prescribe medication – though that’s changed somewhat in some states. Rappoport must realize that some parents, nuttier than fruitcakes particularly in america, might be the problem. Who then does the troubled child turn to?} That said, Every human emotion now classified as a mental disorder in new psychiatric manual DSM-5 Mike Adams { Well, I gotta tell ya … if the shoe fits, wear it … the reality is that the prevalence of mental disorders/mental illness in america is so great that reactions as those of mike adams (including shooting the messenger) are not unexpected; but, must be discounted. After all, insanity or close to it has indeed become the new normal, shaded/obscured somewhat by what’s deemed simple inherent criminality which masks the underlying ‘americinsanity’. }

There Go Apple's Margins: iPhone 5 To Sell At Wal-Mart For A Third Off Original Price

Submitted by Tyler Durden on 12/14/2012

Remember when less than brisk sales of the iPhone 5 after it was first unveiled (to the usual fawning media Borg collective ooh-ing and aah-ing) were blamed on "supply issues" even as "reputable" Wall Street analysts conducted channel checks which foretold of epic holiday sales and massive pent up demand. As it turns out the only commodity in short supply was, well, demand, particularly that coming from consumers, very much as we predicted during the last earnings report (which was merely the latest consecutive earnings miss in a row). And, as Reuters reports with its Friday night bombshell report, Apple has finally thrown in the towel on pretending there is a supply shortage and admitted there is simply not enough demand at the given price point, by proceeding to sell the margin flagship iPhone 5 at a third off the original price, at the bargain basement commodity expert Wal-Mart of all places. And not only the iPhone, but the Ipad too (we have no idea which generation is the latest one: the iPad 3, the New iPad, the iPad 4s, the iPad Mini, the MAXiPad, etc...) And just like that, the "niche premium" magic of the once uber-cool gizmo is gone, not to mention AAPL's profit margins, very much as the stock price has been sensing over the past two months, during which time it lobbed off some $150 billion in market cap. And with the reflexivity of fad-ness, as long as the price of the stock is soaring for whatever reason, interest and demand in the product remains at virtually any cost. Sadly for AAPL bulls, the opposite is also true, as is being witnessed right about now.

QE 4: Folks, This Ain't Normal - What You Need To Know About The Fed's Latest Move

Submitted by Tyler Durden on 12/14/2012

Okay, the Fed's recent decision to boost its monetary stimulus (a.k.a. "money printing," "quantitative easing," or simply "QE") by another $45 billion a month to a combined $85 billion per month demonstrates an almost complete departure from what a normal person might consider sensible.

To borrow a phrase from Joel Salatin: Folks, this ain't normal.  To this I will add ...and it will end badly.

Our markets are now truly broken; they don't send accurate price signals anymore

Markets are now just a giant and rigged casino, where a relative handful of big firms and other tightly coupled players are gaming their orders to take advantage of this flood of money

Expect the Fed balance sheet to quickly expand by an additional $3-4 trillion, resulting in runaway inflation and a possible currency crisis

The Old Normal: Presenting 140 Years Of Market Cycles

Submitted by Tyler Durden on 12/14/2012

Edson Gould, deceased author of the once-famous Findings & Forecasts investment newsletter often said that "History always repeats, only the details change". This insight, a handful of carefully chosen technical indicators, and a deep understanding of crowd psychology enabled him to make some remarkable calls during his career. The graphic below, courtesy of Addogram, plots Gould's "Sentimeter" ("the market price of $1 of dividends") the inverse of the US 10-year Treasury yield, the gold price and an index of commodity prices. Needless to say he was quite right; "History always repeats, only the details change".

Friday (Much Needed) Humor: John McAfee Interview

Submitted by Tyler Durden on 12/14/2012

On a less than joyous day such as this, we all need a little cheering up. So here is John McAfee. Why? Just watch it.

On The Under-Represented American Citizen

Submitted by Tyler Durden on 12/14/2012

Having just undergone the Presidential election and the democratic right of every citizen to vote and have their voice heard, we thought it interesting that of the world's major nations, the US citizen is in fact the second worst represented when it comes to government. The Chinese citizen, empirically at least, has a fractionally greater weight in their politician's actions. Only in India does each politician represent more of the nation's citizens. How long before we hear the chants of "Over-Taxed And Under-Represented"?

Trannies Soar, Rest Hit Floor With USD Down 1%

Submitted by Tyler Durden on 12/14/2012

The last time the USD closed down (DXY -1%) on the week, and so did stocks (Dow/S&P/Nasdaq -0.25%), was the week heading into QE3 which marked the top of the US equity market for the year. With contracts rolling, the futures were roiling into the close as they were ping-ponged between new week lows and VWAP. The Dow Transports stood alone in their outperformance +1.1% (but were sliding rapidly into the close) and while most sectors were weak (Discretionary worst -1.2%), Materials outperformed (+1.66%) in a world of their own today. Silver slumped 2.4% on the week while Oil added 1% with gold flatlining since yesterday morning down around 0.5% on the week. AAPL, obviously, was the story today -7.75% in last 3 days to 10 month lows on huge volume today. EUR strength (+1.75%) dragged USD lower but was stymied by JPY weakness (-1.25%) as Treasury yields came off the week's highs to end 7-9bps higher on the week. VIX at two-week highs closed above Europe for the first time this year. Some peculiar volume and behavior in bond ETFs to note also (HYG saw biggest 2-day drop in a month) - markets feel very brittle up here.

Daily US Opening News And Market Re-Cap: December 14

Submitted by Tyler Durden on 12/14/2012

Overnight the Shanghai Composite index rose 4.3%, marking its biggest advance since October 2009, supported by the latest HSBC flash manufacturing PMI which came in at 50.9 vs Exp. 50.8 (Prev. 50.5) – 14-month high, and with hopes for supportive policy direction to come out of this weekends central economic work conference where Chinese leaders will look to set next years GDP target and layout more information on policy for urbanisation. As such WTI crude has been trending higher since the Asia session testing around the USD 87.00 to the upside with close to a 1 USD gains ahead of the NYMEX pit open. In terms of Europe, bund volumes have been light as markets head closer toward the Christmas break with European manufacturing and service PMI’s having little sustained impact with Italian and Spanish 10yr government bond yield spreads over German bunds seen 2.5bps and 3.5bps tighter respectively. Elsewhere, in the FX market there has been talk of US names selling 1 week 25 delta risk reversals in positioning ahead of this weekend’s Japanese elections.

The Queen Of England Asks Economists – ‘Why Did Nobody Notice?’

Submitted by Tyler Durden on 12/14/2012

Queen Elizabeth II and Prince Phillip visited the Bank of England’s gold vault and wonders like most people how the things got so bad.   Back in 2008, when the monarch visited the London School of Economics she described the credit crunch as ‘awful.’ .  Fast forward to 2012, the heart of Europe’s  4 year-old debt crisis while the Queen of England hears a financial expert compare the debt crisis to a flu epidemic or an earthquake, as hard to predict. This comparison is truly patronizing and an insult to the Queen’s intelligence. Although I am not English have some respect for your elders, especially your Queen, Britons!  Pensioners in England can recall hard times during the World War when items like sugar were a luxury.  In this new era of credit you have people complaining if they can’t borrow to have their new BMW financed to match their Cotswold’s country house or Spanish holiday home. The Queen was informed that since financial risk has been managed better (need we mention Libor?) than it was in the past, people became complacent.  She smiled and said, ‘But people had got a bit...lax, had they?’  Her Royal Highness also suggested that the Financial Services Authority may not have been hard-line enough in its policing. She said: ‘The Financial Services – what do they call themselves, the regulators – Authority, which was really quite new … it didn’t have any teeth.’ It’s rather ironic that the tour showed the gold vault since a good portion of the UK gold reserves were sold off from 1999-2002, when gold prices were at their lowest in 20 years. 

Good Cop Time: The Fed's Voting Voice Of Reason Explains His Objection To QE4EVA

Submitted by Tyler Durden on 12/14/2012

The Richmond Fed's Jeffrey Lacker, a 2012 voting member of the FOMC, who has so far been the sole objector to the Fed's policy of exiting a hole by continuing to dig deeper, has released his traditional "good cop" response to Bernanke's QE4EVA plan. The highlights: "I disagreed with the Committee’s decision to continue purchasing additional assets to stimulate the economy. With economic activity growing at a modest pace and inflation fluctuating close to 2 percent — the Committee’s inflation goal — further monetary stimulus runs the risk of raising inflation and destabilizing inflation expectations....Deliberately tilting the flow of credit to one particular economic sector is an inappropriate role for the Federal Reserve....I have dissented previously against the use of date-based forward guidance, and I supported the decision to drop such language at the December meeting....monetary policy has only a limited ability to reduce unemployment, and such effects are transitory and generally short-lived. Moreover, a single indicator cannot provide a complete picture of labor market conditions. Therefore, I do not believe that tying the federal funds rate to a specific numerical threshold for unemployment is an appropriate and balanced approach to the FOMC’s price stability and maximum employment mandates." Of course, his objection is duly noted, and summarily rejected and forgotten.

Frontrunning: December 14

Submitted by Tyler Durden on 12/14/2012

Obama, Boehner hold "frank" meeting amid "fiscal cliff" frustration (Reuters)

Rice Ends Bid Amid Criticism (WSJ)

EU summit delays crucial decisions (FT)

EU moves to cap bank bonuses at 2 times annual salary (CBC)

Europe Wins a Battle, but Not Yet the War (WSJ)

Banks Spurn Europe Bond Rush Amid Central Bank Loan Largesse (BBG)

German-French Sparring Over Euro Caps 2012 Crisis Fight (BBG)

Fed begins stress tests on bank liquidity (FT)

Draghi’s rallying cry for new EU powers (FT)

EU Seeks Plan to Handle Failing Banks Amid Cost Concerns (BBG)

Berlusconi says Monti has strong EU backing (FT)

Abe Set for Japan Victory Faces 7-Month Window to Keep Hold (BBG)

Japan's Abe would try to keep China ties calm-lawmakers (Reuters)

20 children, 7 others dead in school shooting Marketwatch { From the previous day, pre-shooting I posted : Don’t Let Your Child See a Psychiatrist. Jon Rappoport { In light of his expressed fear, psychologists can’t prescribe medication – though that’s changed somewhat in some states. Rappoport must realize that some parents, nuttier than fruitcakes particularly in america, might be the problem. Who then does the troubled child turn to?} That said, Every human emotion now classified as a mental disorder in new psychiatric manual DSM-5 Mike Adams { Well, I gotta tell ya … if the shoe fits, wear it … the reality is that the prevalence of mental disorders/mental illness in america is so great that reactions as those of mike adams (including shooting the messenger) are not unexpected; but, must be discounted. After all, insanity or close to it has indeed become the new normal, shaded/obscured somewhat by what’s deemed simple inherent criminality which masks the underlying ‘americinsanity’. }

Missouri's Community Bank of Ozarks closed: FDIC Marketwatch

Prepare to pay the piper Marketwatch

Leading indicators of a stock market top Marketwatch http://albertpeia.com/leadingindicatorsofstockmarkettop.htm

Food stamps increase by over 600,000 in last month of data

mybudget360.com | Food stamps have essentially kept 1 out of 6 Americans from being out on the streets and starving.

Quantitative Easing Benefits the Super-Elite … And Hurts the Little Guy and the American Economy

Washington’s Blog | The Fed has just announced its fourth round of “quantitative easing”.

Draghi’s rallying cry for new EU powers

Financial Times | Europe agrees landmark move toward centralised supervision of banking.

Marc Faber: “Paul Krugman Should Go And Live In North Korea”

Zero Hedge | 50 minutes of Faberian bliss.

An Economic Fairy Tale

Alt Market | Once upon a time there lived an independent and industrious people in a land called Ameristan deep in the realm of Middle Income.

We Are Witnessing The Death Of Small Business In America

Economic Collapse | Historically, small businesses have been the primary engine of new job creation in the United States.

12-13-12 Dave’s Daily: http://www.etfdigest.com MORNING AFTER REALITY CHECK 12-13-12 It’s alleged that “pro-tax the rich” promoter Warren Buffett’s transaction with a massive Berkshire (BRK/A) buyback was a conspiracy to help the seller with estate taxes before the fiscal cliff. That’s what some conflicted people do vs what they say. Jobless Claims fell substantially (343K vs 370K expected & prior revised higher to 372K). In my view analysts trying to estimate claims are just guessing now. Retail Sales were higher with the headline number missing expectations (.3% vs .6% expected & prior -.3%) & ex-autos & gas improved (.7% vs .5% & prior -.3%). PPI fell (-.8% vs -.5% & prior -.2%) core PPI rose (.1% vs .2% expected & prior -.2%). Remember it’s the “core” rate bulls and government wants you to watch. Nevertheless, headline writers focused on the headline rate. Pimco’s Bill Gross discussed the Fed’s new monetary policies in a Bloomberg interview. In it he describes what the Fed is doing without dubbing it a PonziScheme. He nails it with this gem of a quote: “What really happens, and this is critically important, is the Treasury issues bonds and the Fed buys them and then remits interest to the Treasury.” Since he still needs to keep good communications with Bernanke & Co he’s not going to use the phrase for what QE actually is. The interesting thing about all this is bond prices (TLT) after the expanded QE operations are falling vs rising meaning the markets will determine the validity and usefulness of these policies. Stocks followed through to the downside on renewed fiscal cliff worries, more negative comments from Boehner and Reid among others, and perhaps a lack of confidence in Bernanke’s press conference remarks. (Breaking: Boehner & Obama scheduled to meet at the WH at 5PM EST’) More games are being played with gold (GLD) as another mysterious seller reappeared in mid-afternoon trading in Japan driving the price down and catching stops. As you recall last week the same thing occurred which was curiously followed by a sell recommendation by Goldman Sachs.The dollar (UUP) was slightly higher Thursday and commodities (DBC) weaker weighed down by energy (USO) and metals (DBB). Volume was unremarkable once again but breadth per the WSJ was quite negative…’

We Are Witnessing The Death Of Small Business In America

http://theeconomiccollapseblog.com

http://albertpeia.com/deathofsmallbusinessinamerica.htm

Marc Faber: "Paul Krugman Should Go And Live In North Korea"

Submitted by Tyler Durden on 12/13/2012 If there is one thing better than Marc Faber providing a free, must-watch (and listen) 50 minute lecture on virtually everything that has transpired in the end days of modern capitalism, starting with who caused it, adjustable rate mortgages, leverage, why did the Fed let Lehman fail, why was AIG bailed out, quantitative easing, Operation Twist, where the interest on the debt is going, which bubbles he is most concerned about, a discussion of gold and silver, and culminating with his views on a world reserve currency, is him saying the following: "The views of the Keynesians like Mr. Krugman is that the fiscal deficits are far too small. One of the problems of the crisis is that it was caused by government intervention with fiscal and monetary measures. Now they tells us we didn't intervene enough. If they really believe that they should go and live in North Korea where you have a communist system. There the government intervenes into every aspect of the economy. And look at the economic performance of North Korea." Priceless.

Korean Kaption Kontest: Indoor Smoking Allowed

Submitted by Tyler Durden on 12/13/2012 What is going on here, for those understandably confused, is North Korea's gregarious and gorgeous leader, Kim Jong-un, sitting in the Korean equivalent of Houston, watching the recent Korean rocket launch... and smoking a cigarette. Take it away.

Guest Post: Blue Shield Of California To Hike Insurance Rates Up To 20%

Submitted by Tyler Durden on 12/13/2012 - 19:28 Greece Guest Post

Good thing there is no inflation, you know, except in every single thing every single American needs to buy to survive that is!  The hits just keep coming for California, America’s very own Greece.  Remember the article I posted a couple of days ago titled: Payday Loans in California: School Districts Owe $1 Billion on $100 Million Borrowed. Now we find out from the LA Times: "Health insurer Blue Shield of California wants to raise rates as much as 20% for some individual policyholders, prompting calls for the nonprofit to use some of its record-high reserve of $3.9 billion to hold down premiums. In filings with state regulators, Blue Shield is seeking an average rate increase of 12% for more than 300,000 customers, effective in March, with a maximum increase of 20%." That should be a real boon for California’s economy.  Meanwhile…

The Gulag Ameripelago: US Incarceration Surpasses Russia's

Submitted by Tyler Durden on 12/13/2012

Remember when Americans used to mock Russia (f/k/a the USSR) for being one big Gulag prison colony? Those were the good days. One thing is sure: they no longer "hate us for our freedom." On the other hand, if instead of prison, one were to write in "minimum security, free room and board, out early for good behavior" (especially if the world's most famous hedge fund will fund all your cash needs for the rest of your life on the 'other side' just as we predicted three weeks ago), then they would certainly hate us for our benefits.

The 12 Charts Of Christmas

Submitted by Tyler Durden on 12/13/2012

After the success of the 'scariest charts for equity bulls', the following 12 charts are the most important, in CitiFX's view, to establish a 'starting point' for views on markets as we head into 2013. From employment trends echoing the 1970s, one-last-low in Treasury yields and '90s analogs, to EURUSD and its mid-'80s mirror, and the ongoing trend higher in gold; there is something here to scare equity and bond bulls and bears alike.

Late-Day 'Leak' Not Enough To Save The World

Submitted by Tyler Durden on 12/13/2012

A well-timed leak of an Obama-Boehner meeting this evening provided enough exuberance to allow algos to lift the markets (futures and ETFs first) from 'about to break the lows' to VWAP (to the tick!). S&P 500 futures picked off VWAP perfectly and slid back. The Dow and the S&P spent the afternoon stuck at unchanged on the week before the rally-monkey saved the day (as did Financials). Treasury yields continue to bleed higher (now up around 10bps on the week). Silver dislocated (worse) from its commodity peers who have recoupled +/-0.3% on the week (even as the USD is -0.6% on the week). Gold and silver (as we noted earlier) really fell out of love from the start of the day-session but silver was starting to recover into the close. AAPL was very close to its lowest close in 10 months (but again was rescued by some rampant white house leak about a totally fruitless rumor) though ended at a critical VWAP support level. By way of record-breakers - today marked the first time that we have seen stocks negative from the day before a QE announcement to the day after (no matter what Bob Pisani tells you). Equities tumbled into the close (after ringing the bell at VWAP) ending near the lows after-hours leaving financials and energy practically unchanged on the week. VIX jumped 0.5 vols to 16.4% and HYG had a very weak day on significant volume. But apart from that...

Is The U.S. The "Cleanest Dirty Shirt" Or Just Kidding Itself?

Submitted by Tyler Durden on 12/13/2012

The following chart is perhaps the best glimpse of the excessively optimistic 'hope' relative to the rest of the world that US equity markets (and their extrapolators analysts) currently possess. Since the start of 2012, analysts, guided by both macro uncertainty and company expectations, have crushed 2013 EPS expectations across all global markets - well nearly all...

S&P Cuts UK Outlook To Negative

Submitted by Tyler Durden on 12/13/2012

The drainage of AAA quality collateral contonues as S&P cuts it outlook on the United Kingdom to negative...

*BANK OF ENGLAND OUTLOOK TO NEGATIVE FROM STABLE: S&P

*UNITED KINGDOM OUTLOOK TO NEGATIVE FROM STABLE BY S&P

more as we get it...

Grade The Recessiovery

Submitted by Tyler Durden on 12/13/2012

Here, for your comparative studies analytical viewing pleasure, is the current recession recovery in context. Across activity indicators, consumer behavior, labor market developments, and housing & construction, there is a little here for everyone. From vehicle sales to disposable income and from durable goods to industrial production, it seems grading this economy's performance is a matter of 'see no evil, hear no evil, speak no evil'.

Frontrunning: December 13

Submitted by Tyler Durden on 12/13/2012

Bernanke Wields New Tools to Reduce Unemployment Rate (BBG)

Home Seizures Rise as Banks Adjust to Foreclosure Flow (BBG)

EU Backs Release Of Greek Aid (WSJ)

Democrats Confident They Have 'Cliff' Leverage (WSJ)

Americans Back Obama Tax-Rate Increase Tied to Entitlement Cuts (BBG)

Goldman flexes tentacles: Treasury open to Carney radicalism (FT)

Launch Fuels Asia Security Concerns (WSJ)

BOJ’s Unlimited Loan Program Seen Open to Use by Hedge Funds (BBG) - there are Japanese hedge funds?

Abe Set to Face Manufacturing Gloom as Japan Contracts (BBG)

US and UN condemn N Korea rocket launch (Guardian)

Eurozone agrees common bank supervisor (FT)

Berlusconi Adds to Italy Turmoil by Signaling He’d Step Aside (BBG)

RANsquawk EU Market Re-Cap - 13th December 2012

Submitted by RANSquawk Video on 12/13/2012

Food stamps increase by over 600,000 in last month of data

mybudget360.com | Food stamps have essentially kept 1 out of 6 Americans from being out on the streets and starving.

Quantitative Easing Benefits the Super-Elite … And Hurts the Little Guy and the American Economy

Washington’s Blog | The Fed has just announced its fourth round of “quantitative easing”.

55 Reasons Why California Is The Worst State In America

Economic Collapse | Why in the world would anyone want to live in the state of California at this point?

Violent rampage of Detroit union mobs foreshadows what’s coming for all of America as states go bankrupt

Mike Adams | Violence erupted yesterday in Detroit as a mob of union workers destroyed a tent, injuring two people inside.

Google’s tax avoidance is called ‘capitalism’, says chairman Eric Schmidt

London Telegraph | Google chairman Eric Schmidt has insisted that he is “very proud” of the company’s tax structure, and said that measures to lower its payments were just “capitalism”.

Goldman’s BOE Tentacle Has Not Even Arrived And Already Advocates Massive Money Printing

Zero Hedge | When two weeks ago Mark Carney was appointed head of the Bank of England (despite his firm denials of any interest in the position) many were surprised.

Steny Hoyer: The Debt Limit ‘Is Not Real’

CNS News | House Minority Whip Steny Hoyer (D-Md.) said Tuesday that the debt limit is “not real” and should not be part of any negotiations to avert the fiscal cliff.

12-12-12 Dave’s Daily: http://www.etfdigest.com BEN PLAYING CATCH-UP WITH GDP DATA 12-12-12 Like others, we hung out most of the day waiting for Ben’s next dose of easing. What the Fed released in the way of new operations was fully expected without much of a surprise. Several things stood out. To remove ZIRP and halt QE inflation needs to remain tame and below 2% while the unemployment rate needs to be below 6.5%. Since even the most optimistic bull knows inflation data as currently constructed is faulty and misleading and so too have been recent employment reports. Below is inflation and employment data as measured by and courtesy of John Williams’ Shadow Government Statistics. Manipulating inflation and employment data have been in the government’s interest to reduce entitlement benefit payments and hide real employment conditions for political reasons.

http://albertpeia.com/daveschart121212no1.gif

Meanwhile the Fed has indicated it would extend ZIRP until 2015 which may be nice but it offers little incentive for people to buy homes even as prices might flat line. And we really need people to start buying homes to clean out inventory. Also Operation Twist has ended only to be replaced by another yet unnamed OMO of buying $45 billion of mortgage-backed securities and $20 billion of Treasury debt.  This means more money printing driving the Fed’s balance sheet to potentially $4-$5 trillion. In his post release press conference stated the Fed is “not monetizing federal deficit”…right, and I’m not Santa Claus.Lastly, the Fed (behind the curve as usual) has downgraded 2012 GDP growth from 2.5-3% to 1.7-1.8% and 2013 from 2.5-3% to 2.3-3% (a shot in the dark?). These are poor numbers and certainly don’t support a tax increase on anyone. One headline stated the revisions lower were only “slight” which is of course to minimize things but .8% GDP decline on these low numbers are massive.All of his has led to massive hording of cash and trading reserves by large banks and little in the way of lending. The chart below clearly demonstrates the ineffectiveness of current Fed policies in my opinion.

http://albertpeia.com/daveschart121212no2.gif

As usual, and in the video we posted after the Fed announcement, the “first move can often be the wrong move” and this maxim proved accurate once again Wednesday. So after the initial stock market rally, stocks turned south as selling and profit-taking hit the tape. Perhaps investors just sold the news while the best and brightest couldn’t have been surprised much by the Fed’s economic downgrade.So stocks closed in the red Wednesday led broadly lower across the board. Wal-Mart (WMT) (XRT) and Eli Lilly (LLY) (XLV) led stocks lower while commodities (DBC), oil (USO) rose, the dollar (UUP) was flat and gold (GLD) was slightly higher.Now we turn our attention to the fiscal cliff drama and other data like Retail Sales and Jobless Claims primarily on Thursday. Volume remained light with most of it coming post Fed announcement. Breadth per the WSJ was mixed to negative.

Apple stock: Classic concentration risk Marketwatch

55 Reasons Why California Is The Worst State (Only New Jersey is Worse) In America

http://theeconomiccollapseblog.com

http://albertpeia.com/55reasonscaliforniaworststateafterjersey.htm

{ With jersey, it’s necessary to look under the hood! }

America’s top 5 oil-producing states Marketwatch

And That’s Checkmate, Ben Bernanke

December 12, 2012 http://gainspainscapital.com

http://albertpeia.com/checkmatehelicopterben.htm

{ It’s really quite amazing that the so-called economic experts, ie., economists, financial/securities analysts, CEO’s, etc., are so economically challenged so as to believe beyond the self-interested ‘swallow’ (ie., paper inflation, etc.) that somehow printing/creating ever more worthless/debased paper fiat currency will in some way create real value, production, jobs, etc., as opposed to the destructive mechanism along with nefarious dislocations that it truly is. }

20 Outrageous Examples That Show How Political Correctness Is Taking Over America

http://thetruthwins.com

http://albertpeia.com/20outrageousexamplesofpoliticalcorrectness.htm

First Hong Kong, Now Aussie Central Bank Gets Ugly Case Of Truthiness

Submitted by Tyler Durden on 12/12/2012

It seems the AsiaPac central bankers did not get the 'shut up and print' memo as today during another speech, an Australian central banker followed Hong Kong's lead and pronounced quantitative easing as potentially harmful and the volatility-dampening effects of excess monetary policy as "ultimately inimical to financial stability and hence macroeconomic stability." In the speech below Glenn Stevens (RBA Governor) provides some much-needed doses of sanity to the grossly addicted world desirous of moar money printing.

"Central banks can provide liquidity to shore up financial stability and they can buy time for borrowers to adjust, but they cannot, in the end, put government finances on a sustainable course... They can't shield people from the implications of having mis-assessed their own lifetime budget constraints and therefore having consumed too much."

Why are these AsiaPac bankers breaking ranks with the status quo? Perhaps they see a looming threat and prefer to front-run their governments' demands to "get to work".

EU Leaders Praise ECB Supervision Agreement, Market Shrugs

Submitted by Tyler Durden on 12/12/2012

Rightly so, the FX and equity futures markets are almost entirely ambivalent at the farce that at 430am in Brussels, the EU leaders announce a compromise agreement on ECB banking supervision:

*BARNIER HAILS 'HISTORICAL ACCORD' ON ECB BANK OVERSIGHT

*BARNIER SAYS EUROPE HAS SHOWN 'CAPACITY TO TAKE ACTION' (yay)

*MOSCOVICI SAYS SUPERVISION IS FIRST STEP IN EURO BANKING UNION

*MOSCOVICI SAYS ECB WILL BE SUPERVISOR FOR ALL BANKS

*SCHAEUBLE SAYS AGREEMENT REACHED ON EU30B OVERSIGHT THRESHOLD

*BARNIER SAYS SUPERVISOR IS FUNDAMENTAL FOR FINANCIAL STABILITY

*BARNIER SAYS ECB OVERSIGHT NEEDS PREPARATION OF AT LEAST A YEAR (umm)

*ECB COUNCIL WON'T HAVE FINAL SAY ON BANK REGULATION: SCHAEUBLE (oops)

Of course, none of this matters - what is the ECB going to tell them "de-lever more!", "buy less of your sovereign's debt?" Until there are pooled deposit guarantees (nein nein nein) this is irrelevant and markets are treating it thus - no matter the PR efforts.

CBO Releases Sandy Damage Estimate: At $60.4 Billion, It Would Send US Over The Debt Ceiling

Submitted by Tyler Durden on 12/12/2012

At the end of October, as the Tristate Area was being flooded by Hurricane Sandy, one after another Wall Street firm tried to position Sandy virtually as a non-event, with total damage "forecasts" by such "reputable" firms as Goldman Sachs and Bank of America forecasting a total bill between $10 and $20 billion (as anything above that and the Q3 damage to GDP would be far more substantial than their recently bullish forecasts had accounted for, and would also imply a substantial spillover effect into Q1 2013), the same as various insurance companies who had other far more obvious reasons to undershoot on the total damages. We said the opposite, and based on historic damage forecasts, predicted the damage would likely be between $50 and $100 billion. Once again the sellside consensus was wrong and a fringe blog was accurate, as the CBO has just released the Obama administration's full aid request. Bottom line: $60.4 billion, or roughly what one year of what the ultimate tax hike compromise will bring into the government's treasury. Furthermore, if fully funded by debt today, this amount would send the US (which has a $57 billion debt buffer as of this moment) over the debt ceiling immediately. Christie seeks 100% federal government reimbursement for Sandy... NY, NJ, CT lawmakers seek $83 billion to cover cost of damage... { People should read the comments … the opposition are vehemently against a bailout for national drains (ie., wall street frauds, frauds, organized crime, corruption, etc.) new york/new jersey/connecticut. }

Does The Fed Think The S&P 500 Will Be At 750 In Jan 2015

Submitted by Tyler Durden on 12/12/2012

At the current pace of 'improvement' in the unemployment rate, it appears the Fed will cease its 'stimulation' in early 2015 - and based on the empirical relationship between unemployment rates and the S&P 500 that implies a healthy retracement to around 750. Seems like the index is comfortable trading back to that level...

There's A Problem With Kicking The Can Down The Road

Submitted by Tyler Durden on 12/12/2012

"There’s a problem with kicking the can down the road" - Ben Bernanke, (December 12 2012)... We’ve taken this quote out of context - Bernanke was actually talking about the fiscal cliff, and not monetary policy; but kicking the can down the road is exactly what Bernanke is doing in his domain. Instead of letting the shadow banking bubble burst and liquidate in 2008, Bernanke has allowed it to slowly deflate, all the while pumping up the traditional banking sector with heavy, heavy liquidity. The reduction in shadow liabilities remains a massive deflationary and depressionary force (and probably the main reason why a tripling of the monetary base has not resulted in very severe inflation). Trillions and trillions of liquidity later, Bernanke is barely keeping the system afloat. We chose the path of Japan (which has spent the last twenty years depressed) not the path of Iceland (which is emerging from its depression). We chose to kick the can down the road. The system is rotten, and the debt load is unsustainable.

Japan's Hope-Based Rally, And Election-Triggered Reality

Submitted by Tyler Durden on 12/12/2012

The strength of the Japanese stock market over the past few weeks has been at once heralded as anticipation of Abe's policies and the renaissance of this island nation's faltering reality. However, as Bloomberg's chart of the day points out, this performance trend (just as we saw in sentiment and market performance in the US) is absolutely normal heading into an election. As the chart below shows, the election day (on average) has marked a significant short-term top in the market 12 of the last 13 previous cycles. So while Jeff Gundlach is short JPY and long NKY, we suspect there will be a better entry point for the latter 'lomg' leg just a few days after the election landslide. As Daiwa's Soichiro Monji noted "Investors buy on promises and ideals up until the election. When the parliament starts a normal session, they will start trading on reality."

Guest Post: Essays In Fragility: The Efficient Subsidize The Inefficient

Submitted by Tyler Durden on 12/12/2012

Consider the consequences of the efficient subsidizing the inefficient. As long as the surplus generated by the efficient is larger than the cost of supporting the inefficient, the system can continue. But once the cost of subsidizing the inefficient exceeds the surplus generated by the efficient, the system is doomed to eventual insolvency. There is one way to fill the deficit, of course: borrow money. This is the strategy being pursued by the Status Quo in developed and developing economies alike. As long as the inefficient are protected from competition and amply subsidized, there are no incentives to become more efficient. In effect, becoming more inefficient is rewarded.  What happens when the efficient sectors that are propping up a vast array of inefficient sectors falter? The politically expedient answer is of course to borrow more money. But that creates another kind of financial fragility. Borrowing money only masks the fragility for a time, while adding another layer of fragility beneath the apparently prosperous surface.

U.S. Rakes Up Nearly $300 Billion Deficit In First Two Months Of Fiscal 2013

Submitted by Tyler Durden on 12/12/2012

To paraphrase Tim Geinter: "Risk of the Fed ever ending its monetization? No risk of that." Why? Because as the FMS just reported, the February budget deficit was $172 billion, up $52 billion from a month ago, and $35 billion from a year ago. In brief: in the first two months of Fiscal 2013, the US accumulated a $292 billion budget deficit (compared to $236 billion a year ago), a number which is simply scary when annualized. What does this mean? That as long as the Treasury runs $1+ trillion budget deficit, the Fed will never, ever be allowed to stop monetizing, especially with China and the other legacy foreign borrowers just saying nein. Which in turn means that it will now be in the Fed's favor to paint the economy with uglier colors (recall that the Fed now needs unemployment deterioration to have infinite free monetization reign). Does this mean that going over the Cliff is now an absolute certainty.

Out Of Ammo?

Submitted by Tyler Durden on 12/12/2012

It has been three years and nine months since the Fed announced 'real' QE1. Presented for your convenience below is the market's reactions then and for comparison we have included today's reaction. It seems the markets - whether Gold, FX, or Treasuries - have become numb (or engorged) on the Fed's actions. This leaves us with the sad conclusion, which the Fed will be last to acknowledge: the ammo, it's gone. It's all gone.

Baltic Dry Plunges By Over 8% Overnight, Most Since 2008

Submitted by Tyler Durden on 12/12/2012

It has been a while since we looked at the Baltic Dry Index, which when normalizing for the excess glut in dry container ship supply (such as right now - 5 years after all the excess supply in the industry - has long been normalized), continues to be one of the best concurrent indicators of global shipping and trade. We look at it today, moments ago it just posted an epic 8.2% plunge, crashing from 900 to 826, or the biggest drop since 2008! Of course, conisdering the collapse in global trade confirmed in past days by both Chinese and US data, this should not come as a surprise, although we are certain it will merely bring out the BDIY apologists who tell us that supply and demand here (like in every other Fed-supported market) are completely uncorrelated.

Frontrunning: December 12

Submitted by Tyler Durden on 12/12/2012

Here come the low margin products: Apple Tests Designs for TV (WSJ)

Obama and Republicans Trade Offers to Avert Fiscal Crisis (BBG)

Carney broaches dumping inflation target (FT)

Bernanke Critics Can’t Fight Bonds Showing No Inflation (BBG)

Corporate Taxes on Table in Cliff Talks (WSJ)

US business chiefs back tax rise (FT)

Greece Confident Bond Buyback Needed for Aid Succeeded (BBG)

New Faith in Europe's Banks (WSJ)

European Bank Sees Little Room for Rate Cuts (WSJ)

North Korea Claims Success in Rocket Launch (WSJ)

RANsquawk EU Market Re-Cap - 12th December 2012

Submitted by RANSquawk Video on 12/12/2012

12-11-12 Dave’s Daily: http://www.etfdigest.com ‘RUMORS OF DEAL COME AND GO 12-11-12 Traders are getting jumpy as rumors of fiscal cliff deal come to fore then fade once again. A deal may be in the negotiation process which many pundits believe would include tax hikes on the so-called rich in exchange for immediate entitlement reforms. There’s no question both sides need to get something they want out of any deal. Stocks are subject to unfounded rumors planted by algos and others to front-run and suck-in unsuspecting investors. Tuesday’s stock market ramp featured some late day selling after Harry Reid asserted republicans were “holding up middle class tax cuts” saying there will be no deal by Christmas. (That threatens to upset the president’s body surfing plans at Kailua beach.)  Meanwhile John Boehner repeated a previous comment that the president is “slow-walking negotiations”. But this is what they do—create enough pressure from one side to another until the other side blinks. Until a deal is done you can expect plenty of volatility on any rumor, planted or otherwise.Below are two charts from a lengthy slide presentation authored by Mary Meeker from KPC (Kleiner, Perkins, Caufield & Byers). In it are some fascinating views of how our world might look in the decades ahead. No taxes on the rich or anyone will cure these imbalances—it’s the math.

http://albertpeia.com/davechart121112no1.gif

http://albertpeia.com/davechart121112no2.gif

The other market moving item on the agenda remains The Fed which will announce another policy decisions Wednesday afternoon. Some expect Bernanke & Co to extend QE3, end Operation Twist, announce an exit date (as if) and other measures to stimulate growth and, of course, jobs.Bulls generally feel a deal will be made and like to tell us about all the money on the sidelines. It’s more likely money coming out of the Fed’s printing press methinks.Tech (QQQ) & (XLK) led markets higher given a short squeeze in Apple (AAPL) with cheerleaders for the stock amping up their megaphones as the past few months have them quite flummoxed and depressed.Bonds (TLT) fell as stocks rallied which is typical. The dollar (UUP) was lower (a favorite event for stock bulls) while gold was slightly weaker. The latter decline likely means bulls would rather be in stocks for that “risk on” moment. Commodities (DBC) overall were weaker on metals. Beyond all the hoopla, volume was again light but breadth per the WSJ positive…’

Sorry Protesters: Your Jobs Are Being Sent To China And They Aren't Coming Back

http://theeconomiccollapseblog.com

http://albertpeia.com/chinajobsnotcomingback.htm

Jimmy Hoffa Warns Of "Civil War" As Michigan Governor Signs "Right-To-Work" Into Law

Submitted by Tyler Durden on 12/11/2012

Minutes before Michigan Governor Snyder signed the 'Right-To-Work' bill into law, Teamster leader Jimmy Hoffa appeared on CNN,as seen in the clip below, warning that: "This is just the first round of a battle that's going to divide this state. We're going to have a civil war," as the bill to weaken unions' power is passed.

{ There is an exception to the hearsay rule known as a dying declaration; the rationale being that a person would not ‘go his maker’ with a false statement/declaration to ‘taint his soul’. Interestingly, I had occasion to know a very intelligent, learned man who was indeed dying, in a death spiral if you will. A lawyer by profession, he had taken an interest in another lawyer’s history; none other than Abraham Lincoln himself. Curiously I thought at the time, though even then, some decades ago (long before the internet), I realized that you were never getting the whole, correct, true story from american media ( I was fortunate in sixth grade to have had a great teacher, James Bresnahan, who allowed for ‘expansive’/accelerated learning in what he took the time and trouble to provide as an advanced reading group. Among the subjects was that knowledge/thinking-tainting phenomena known more commonly as propaganda). After all, a long dead president; and, one who famously suffered from recurring bouts of severe depression could hardly be the object of, from my view, intense intellectual interest and scrutiny. Yet, he was fixated on what he deemed somewhat a surprising revelation; viz., from his intense study, Abe was not ‘Honest Abe’ but rather, was a thief. I was aware that in fact, Lincoln found niggers somewhat appalling and initially opposed ending slavery and those who favored same, viz., the abolitionists, etc. (niggers are a same old old story of lazy, unproductive, inherently very uncivilized criminal people who are fun-luvin’ for games, partying, and getting high only. Even the incisive Shakespeare euphemistically referred to the ‘typicality’ of the inherently untrustworthy and without sense of honor, ‘noir’ [french for black]. The ultimate politician, Lincoln ultimately did, in rallying his ‘stalwarts’, back the abolitionist cause. I personally feel the people of the south were foolish in bringing vanquished niggers, sold into slavery by other niggers who vanquished them, to this already now blemished land. Moreover, as today, the niggers and the abolitionist cause had provided fodder for politics of all sorts, including that of Lincoln. Indeed, even today, spielberg who is famous for his pro-jewish ‘politicking’/propaganda (even the first Indiana Jones movie was heavy on the Arab/Nazi transference propaganda) has found a way to make film-making pay for him and the democratic party by way of the misguided, inaccurate view of Lincoln as the anti-slavery icon he is speciously depicted as. Civil war? Hoffa, like his mob-connected, then disconnected (permanently) father is old news. The truth is that their own done them in (as was so of hoffa’s father) with NAFTA, etc., as they themselves foolishly laughed at their real would-be saviors, ie., Ross Perot, etc.. The reality is, there is literally nothing that can’t be produced better and cheaper and without paying the shake-down bribe from the teamsters et als for doing absolutely nothing (as is true with the other niggers, et als, entitlements, etc.), elsewhere. Twinkies anyone? }

U.S. Army Starts Targeting Children Posted by : George Washington Post date: 12/11/2012 - American Military Starts Assassinating Children Obama and the American military label all young men – between the ages of say 15 and 35 - who happen to be in battle zones as suspected insurgents who they can target and kill. Under the Bush administration, children were tortured. Now, the U.S. military is starting to target children for assassination in battle zones. As the Nation reports: In a despicable article in Military Times, the US military says that children are legitimate targets in the war in Afghanistan … War crimes?  It would appear so. But the U.S. government exempts its own acts from the definition of terrorism, even as it labels others as terrorists for doing the exact same things.

North Korea Launches Missile Towards Japan - Passes Over Okinawa

Submitted by Tyler Durden on 12/11/2012

Now that is a rattling sabre. While markets for now are seemingly shrugging off this 'fly-by', we suspect the people of Okinawa were more than a little surprised:

*NORTH KOREA LAUNCHED ROCKET AT 9:51 AM LOCAL TIME: YONHAP

*N. KOREA ROCKET LAUNCHED IN SOUTHERLY DIRECTION,JAPAN GOVT SAYS

*N. KOREA ROCKET PASSES OVER JAPAN'S OKINAWA, NHK SAYS

*JAPAN GOVT: NO ORDER GIVEN TO SHOOT DOWN N.KOREA ROCKET

*N. KOREA ROCKET EXPECTED TO FALL IN SEA EAST OF PHILIPPINES:NHK

Have We Seen The Peak Of Employment?

Submitted by Tyler Durden on 12/11/2012

Last week we noted: "...when taking into account the recent slate of economic weakness, post-election we are likely to see many of the recent job gains revised away as the data aligns itself with overall economic activity...." Since that time jobless claims did indeed rise, and with the release of the November jobs report, we saw the previous two month's gains in employment revised down by a total of 49,000. What is important to remember is that the BLS only publishes revisions to the prior two months even though it has data for months prior.  This is why the annual revisions to the employment data can be significant.  Furthermore, given the weakness in the employment components of the major economic surveys, as shown by the composite employment index, we should expect to see negative revisions to the 2012 data employment data next year. While it is too early to say that employment has peaked for this current recovery cycle - there is mounting evidence that this may indeed be the case.

"Better Off On Benefits"

Submitted by Tyler Durden on 12/11/2012

There is "no point" earning less in a minimum wage job is how Leanna Broderick - 20-year-old mother of two - justifies the benefits she claims adding that "she is better off on benefits" and would not get a job unless she could continue her luxury lifestyle, which includes designer outfits, holidays abroad, clubbing, lunches out and expensive gifts for her daughters Zelekah, two, and Zakirah, one. The UK's Daily Mail reports that Leanna saved GBP2,500 (~USD4,000) last year while living on GBP15,480 (~USD25,000) which she intends to spend on iPads and gold earrings for her kids - adding that "This way, taxpayers know I'm raising two well-brought-up kids." However, all is not rosy in Leanna's house as she fears next year may not be so lavish because of Government benefits cuts. "I'm not against the cuts, but only if the Government helps me find a job," she said, "In the meantime, I’ll stay on benefits and get as much as I can out of it."

Frontrunning: December 11

Submitted by Tyler Durden on 12/11/2012

Fed Seen Pumping Up Assets to $4 Trillion in New Buying (BBG)

China New Loans Trail Forecasts in Sign of Slower Growth (BBG)

U.S. "fiscal cliff" talks picking up pace (Reuters)

Insider-Trading Probe Widens (WSJ)

U.K.'s Top Banker Sees Currency Risk (Hilsenrath)

Three Arrested in Libor Probe (WSJ)

Nine hurt as gunmen fire at Cairo protesters (Reuters)

Egyptian President Gives Army Police Powers Ahead of Vote (BBG)

Pax Americana ‘winding down’, says US report (FT)

Japan Polls Show LDP, Ally Set for Big Majority (DJ)

HSBC to pay record $1.9 billion U.S. fine in money laundering case (Reuters)

RANsquawk EU Market Re-Cap - 11th December 2012

Submitted by RANSquawk Video on 12/11/2012 - 07:14

Sales of American Eagle Gold Coins Soar

FT.com | U.S. Mint’s sales of gold eagles leapt 131 percent in November.

How the Government Is Coming After Your IRA and 401(k) Plan

Robert Wenzel | There are huge amounts of money in these plans, which makes it very tempting for government to try and get at it.

Poor Californians to Get Free ‘Obama Phone’

Paul Joseph Watson | Program is funded by ‘tax’ on telecom customers.

Fed Seen Pumping Up Assets to $4 Trillion in New Buying

Bloomberg | The Federal Reserve will amplify record accommodation tomorrow by announcing $45 billion in monthly Treasury buying that will push its balance sheet almost to $4 trillion.

Sales of American Eagle gold coins soar

Financial Times | Demand for gold coins in the US has soared since the presidential election, as small investors fret about the lack of action to address America’s ballooning debt.

Banking giant HSBC to pay £1.2bn to settle U.S. probe into money-laundering for Mexican drug cartels

UK Daily Mail | British banking giant HSBC will pay £1.2billion ($1.9billion) to settle a money-laundering probe by federal and state authorities in the United States, a law enforcement official said on Monday.

Peter Schiff: The Majority Doesn’t Have A Right to Steal My Money Just Because They Vote For It

CNBC | CNBC’s Eamon Javers reports the latest developments on “fiscal cliff” talks in Washington.

15 Signs That The Economy Is Rapidly Getting Worse As We Head Into 2013

http://theeconomiccollapseblog.com

http://albertpeia.com/15signseconomyworsefor2013.htm

Unemployment Is Not Going Down: The Employment Rate Has Been Under 59 Percent For 39 Months In A Row

http://theeconomiccollapseblog.com

http://albertpeia.com/unemploymentnotgoingdown.htm

12-10-12 Dave’s Daily: http://www.etfdigest.com ‘INVESTORS BIDING THEIR TIME 12-10-12 U.S. stocks barely had a pulse Monday. Investors are camped before Wednesday’s Fed meeting result and any rumors from “fiscal cliff” negotiations. (Typing “fiscal cliff” is getting as tiresome as was typing Y2K and Greek debt previously.) The economic news from China was positive as Factory Output jumped (10.1% vs 9.8% expected) and the country’s Retail Sales climbed (14.9% vs 14.6% expected). However, export growth weaker (2.9% vs 9% expected.) Putting on my Clouseau hat I’d say increasing internal demand is prominent in the country. How long that lasts or much you trust their data is another thing as most of the developed world heads toward recession. In fact their neighbors in Japan are now officially in recession.  Nevertheless, markets most heavily impacted by China (EEM, EWH, AAXJ, EWA, EWW and so forth) are carrying the bullish trade for now. Meanwhile the drama queens in the eurozone just won’t leave us be for any length as now Italy’s Monti is resigning and rumors swirled that Berlusconi might stage a comeback. There as everywhere in debt-plagued eurozone countries the popular will is reduce austerity. All this caused eurozone shares to fall initially then shift to mostly unchanged even as Italy suffered a flat tire. The dollar (UUP) was flat overall and gold (GLD) prices rose. Commodities (DBC) were weaker led lower by energy (USO) but held up by base metals (DBB). Bonds (IEF) were flat. Stocks were led higher by small caps (IWM), transports (IYT) and not much else. In this environment with trading very light you can expect the rumor mill to drive stocks one way or another easily as algos and HFTs own the tape…’

The US’s “EU Style” Negotiations Will Without a Doubt Take Us Over the Cliff

December 10, 2012 http://gainspainscapital.com

http://albertpeia.com/useustylenegotiations.htm

Two Economic Developments Every Investor Needs to Be Aware Of

December 10, 2012 http://gainspainscapital.com

http://albertpeia.com/2economicdevelopments.htm

15 Signs That The Economy Is Rapidly Getting Worse As We Head Into 2013

http://theeconomiccollapseblog.com

http://albertpeia.com/15signseconomyworsefor2013.htm

Unemployment Is Not Going Down: The Employment Rate Has Been Under 59 Percent For 39 Months In A Row

http://theeconomiccollapseblog.com

http://albertpeia.com/unemploymentnotgoingdown.htm

The Obama-Phone Is Back - But This Time It's Real

Submitted by Tyler Durden on 12/10/2012

While some saw the clip of the lady implying 'victory for Obama means phones for everyone' as perhaps exaggerated out-of-context right-wing propaganda - as that would be preposterous right? - it appears San Francisco took it a little more serious. As SFGate reports, the California Public Utilities Commission is expected to approve (within a couple of weeks) a plan to offer homeless and other poor people in California 'virtually free cell phones and service'. The plan is funded through the federal LifeLine program and is designed to enable these individuals to 'keep in touch with family, potential employers and others crucial to improving their lives'. "This is great - it is transformative for homeless and low-income people," said San Francisco's head of homeless initiatives, adding that, fundamentally, to be in the mainstream of our society you have to have a phone." Setting up the program in California has been no easy task, officials said. "I would prefer it to be free..." said Dufty, and said he would explore other funding sources. Perhaps worth remember the cost of kidding ourselves once again.

Dare To Balance The Budget? An Interactive Guide To Washington's Biggest Nightmare

Submitted by Tyler Durden on 12/10/2012

The CBO has outlined a number of options for balancing the budget (full paper below). From 'Increases In Tax Revenue' to 'Cuts to Annually Appropriated Spending' and 'Cuts to Benefits or Entitlements', it's all here in a handy Do-It-Yourself Interactive Deficit-Reduction Plan tool from WSJ. All 'compromises' welcome...

The Fiscal Cliff... In Context

Submitted by Tyler Durden on 12/10/2012

Some have argued that a fiscal-cliff-impacted US economy would enter a recession as hard as Manny Pacquiao hit the canvas on Saturday night but for most of the nation it seems the fiscal cliff is of secondary importance... Will Pacquiao-Marquez 5 coincide with Debt-Ceiling II?

Only In California: School Owes $1 Billion On $100 Million 'PayDay' Loan

Submitted by Tyler Durden on 12/10/2012

These three letters - C.A.B. - might just be the Dis-Humor story of the day. NPR reports that more than 200 schools across California are coming to the shocking realization that the upfront cash they needed so badly came at quite a price. These 'Capital Appreciation Bonds' are unlike normal bonds (requiring regular coupon payments and principal repayment); instead they provide the 'lent' money upfront and defer all interest and repayment to some magical faery land time in the future (by which time the interest accrued has grown exponentially as the interest accrues on the rising 'principal plus previously accrued interest'). Brilliant - as the Guinness chaps might say. So California schools are now undertaking PayDay or loan-shark style loans defending the idiocy of super-short-term thinking with such statements as "Why would you leave $25 million on the table?" referring to the upfront cash that one Treasurer was able to get his hands on - with clearly no comprehension of the financial instrument's massive convexity. California State Treasurer Bill Lockyer said "It's the school district equivalent of a payday loan or a balloon payment that you might obligate yourself for, so you don't pay for, maybe, 20 years - and suddenly you have a spike... It's so irresponsible."

Presenting The Fund-tastic Four: Ireland, Greece, Spain And... The U.S.

Submitted by Tyler Durden on 12/10/2012

Behold the fund-tastic four: Ireland, Greece, Spain and... the US? These are the four countries that in the past four years have accumulated the greatest deficit as a % of GDP (and yes, at just under 50%, the US is worse than Spain whose cumulative deficit has been over 40% of GDP), which in turn they have had to fund with what else: new debt.

Elliott's Paul Singer Reveals The Thing That Scares Him Most

Submitted by Tyler Durden on 12/10/2012

"They say this is not massive money printing, but first they are wrong; and second, monetary authorities in the United States did not see the crash coming and the unsoundness of the financial system. In fact, right up until the crash they were saying that nothing like what happened could ever happen... This monetary policy, $3 trillion of bond buying in the United States, $3 trillion in Europe and another $2.5 trillion to $3 trillion in Japan, is unprecedented. ... If and when people lose confidence in paper money because of repeated bouts of quantitative easing and zero-percent interest rates—it could happen suddenly and in a ferocious manner in the commodity markets, in gold, possibly in real estate—interest rates could go up at the long end by hundreds of basis points in a very short time. I’m quite concerned as a money manager that we have to manage money, not just for the boundaries of what’s in front of our faces—maybe we’ll have a little tax increase or not, the fiscal cliff, or the stock market might go up or down 10% or 15%—but for a basic shift. The thing that scares me most is significant inflation, which could destroy our society."

Guest Post: Too Big To Understand

Submitted by Tyler Durden on 12/10/2012

One thing that has undergone hyperinflation in recent years is the length of financial regulations. Big, messy legislation leaves legal loopholes that clever and highly-paid lawyers and (non-) compliance officers can cut through. Bigger and more extensive regulation can make a system less well-regulated. We propose that this is what the big banks will use Dodd-Frank to accomplish. We predict that the regulatory hyperinflation will make the financial industry and the wider economy much more fragile.

Crisis Year 7 - The Japanization Of Credit

Submitted by Tyler Durden on 12/10/2012

Since the crisis first began in 2006, developed world equities are still lower, real GDP has struggled to grow above its pre-crisis peak in most countries, core bond yields are sharply lower with peripheral yields higher and with credit yields generally performing well albeit it with fairly extreme volatility. Credit has been helped by the fact that the authorities way of dealing with this crisis to date has been through money printing and liquidity facilities to help prevent mass defaults which, as is is clear in the chart below, has led to a weakening in the normal relationship between GDP and defaults. Just as one of the features of the last 20 years in Japan’s post-bubble adjustment and lost growth period is that defaults have remained very low; it appears as long as money printing props up the debt market, defaults are likely to be much lower than the underlying economic environment suggests they should be. However, as we noted previously, the mark-to-market volatility on the way may just become too much to bear for all but the most long-term bond rotators.

Inflationary Deflation: Creating A New Bubble In Money

Submitted by Tyler Durden on 12/10/2012

Excessive monetary stimulus and low interest rates create financial bubbles. Seymour Pierce's Thunder Road report notes that central banks are creating the ultimate bubble in money itself, as they fight the downward leg in this Long Wave cycle. This is the biggest debt bubble in history. Each time deflationary forces re-assert themselves, offsetting inflationary forces (monetary stimulus in some form) have to be correspondingly more aggressive to keep systemic failure at bay. The avoidance of a typical deflationary resolution of this Long Wave is incubating a coming wave of inflation. This will not be the conventional “demand pull” inflation understood by most economists. The end game is an inflationary/currency crisis, dislocation across credit and derivative markets, and the transition to a new monetary system , with a new reserve currency replacing the dollar. This makes gold and silver the “go-to” assets for capital preservation.

The Sheer Comedy Of Erroneous Economist GDP Forecasts In 13 Simple Charts

Submitted by Tyler Durden on 12/10/2012

If anyone needs a definitive confirmation that when it comes to predicting the future, "expert economists" are not only completely clueless but always approach the future with a baseline of endless and unquestioned bullishness, which in the past decade has ended up being humiliatingly wrong, we present the following charts from Deutsche's Jim Reid, showing the jawdropping cumulative error rate in GDP forecasts in the past decade among those countries that make the headline news every day. What do the charts show: in the 9 years since the first forecast in October 2003, these 6 countries are 20.5% (Italy), 16.9% (Spain), 10.4% (France), 3.7% (Germany), 11.3% (UK), and 15.8% (US) behind on a cumulative basis what economists forecast back in 2003! This forecasting error has become more severe since the crisis begun. Since October 2007 (i.e. for the 5 years between 2008-2012) we are 16.4% behind cumulative forecasts in Italy, 18.1% in Spain, 10.6% in France, 7.0% in Germany, 14.7% in the UK and 10.6% in the US.

So Many Hoaxes; So Little Time

Submitted by Tyler Durden on 12/10/2012

The hoaxes remain and grow more cumbersome and obvious every day - and yet, the headline-reading machines and self-referentially-biased managers of stocks justify just one more BTFD episode. To wit, Mark Grant discusses the Greek buyback debacle with its political (and entirely not economic) mandate, noting "Mr. Draghi knows the truth and Ms. Lagarde knows the truth and their credibility is whacked once again;" Berlusconi's potential return in Italy and the hoax of any pretense of an entente cordiale re-emerging between north and south flies out the window; the 'tax the rich' hoax as a solution for years of profligate spending and the 'then vs us' meme that is increasingly spewed forth from DC; and the ultimate hoax of Bernanke's money printing morasse. Happy Monday.

The Mysterious Case Of America's Negative Real Wage Growth

Submitted by Tyler Durden on 12/10/2012

Regular readers are aware that one of our favorite data series when it comes to demonstrating the quality aspect of the American "recovery" (the quantity is sufficiently taken care of with part-time workers filling in positions without benefits and job security in the New Normal) is that showing the annual average hourly earnings growth in nominal terms, which in November posted the tiniest bounce from its all time low print of 1.2%, rising to 1.3%. The problem as noted above, is that this is nominal wage growth. It therefore excludes the impact of inflation which according to the CPI, rose by 2.2% in October, or, in other words, wage growth was negative in real terms. But it wasn't negative only in October and November. When one takes the Y/Y change in average hourly earnings and subtracts the Y/Y change in CPI one gets a very troubling picture: wages have risen below the rate of inflation for 22 consecutive months, with real wages printing their last positive number back in January 2011 and negative ever since!

The Tremors Are Back: Japan Recession, China Trade Disappointment, European Periphery Slides

Submitted by Tyler Durden on 12/10/2012

In a perfect trifecta of disappointment, overnight we had reality reassert itself with a thud as first Japan reported weaker than expected GDP which contracted for a second consecutive quarter and which technically sent the country into yet another recession, merely the latest one in its 30+ year deflationary collapse. Which isn't about to get better: "Analysts expect another quarter of contraction in the final three months of this year due to sluggish exports to China, keeping the Bank of Japan under pressure to loosen monetary policy as early as this month." Of course, there is hope that the new, old PM, Abe will restore money trees and unicorns and get Japan to a 3% inflation target, without somehow destroying bank and insurance co balance sheets in the process, all of which are loaded to the gills with JGBs set to collapse should inflation truly return. Then after Japan, China reported miserable trade data, which flatly refuted all hopes of an economic pick up both in the mainland and across the world. Perhaps the reason China can not openly fudge its trade data, unlike its GDP, inflation, retail sales, industrial production and all those other indicators that none other than the incoming head of government Li Keqiang said are for "reference only" (a fact conveiently ignored when they are all going up, and duly noted when China is self-reportedly sliding) because other countries report the counterparty data and it is very easy to catch China lying in this particular case. And finally there was Europe...

Foodstamps Soar By Most In 16 Months: Over 1 Million Americans Enter Poverty In Last Two Months

Submitted by Tyler Durden on 12/09/2012

And we thought last month's delayed foodstamp data was bad. The just reported foodstamp number for September was a doozy, with 607,544 new Americans becoming eligible for foodstamps, as a record 47.7 million Americans are now living in poverty at least according to the USDA. The monthly increase was the highest since May 2011, and with August's 421K new impoverished America, over 1 million Americans made the EBT card their new best friend. It is unclear just which atmospheric phenomenon will get the blame for this unprecedented surge in poverty, which comes at a time when the pre-election economic data euphoria was adamant that the US economy was on an escape velocity to utopia. Instead what we do know is that in August and September, over three times as many foodstamp recipients were add to the economy as jobs (324,000). We also know that with the imminent impact of Sandy, which will send foodstamp recipients soaring, it is now looking quite possible that the US may end 2012 with just over a mindboggling 50 million Americans living in absolute poverty and collecting the $134.29 average monthly benefit per person, instead of working. Welcome to the recovery indeed.

Guest Post: Nearing The End of Serfdom’s Road

Submitted by Tyler Durden on 12/09/2012

In France, Minister for Energy and Environment Delphine Batho recently proposed a light curfew to pertain to “in and outside shops, offices, and public buildings” between 1 a.m. and 7 a.m. beginning next July. Some merchants are up in arms as the rule adds to existing bans such as the forced closing of stores on Sunday and night shopping in general. If enacted, the illumination ban will quickly disperse Paris’s reputation as the “City of Light.” France’s Commercial Council is criticizing the decision as being anti-business and economically damaging. However, the fact that these assumed defenders of free enterprise are surprised at such a proposal is the real puzzle. In a country run by a government that is happily bloodletting the productive capacity of the people through a hike on the income tax and a tax on financial transactions, this latest nanny-state resolve should be fully expected. It is not a power grab but a mere reassertion of the authority the central state has over the private affairs of society. The “lights out” edict is just another piece of evidence of a disturbing truth: the road to serfdom is not ahead of the West; we have already reached its end.

Frontrunning: December 10

Submitted by Tyler Durden on 12/10/2012

Central Banks Ponder Going Beyond Inflation Mandates (BBG)

Bloomberg Weighs Making Bid for The Financial Times (NYT)

Hedge Funds Fall Out of Love with Equities (FT)

Obama and Boehner resume US fiscal cliff talks (FT)

Italy Front-Runner Vows Steady Hand (WSJ)

Spanish Bailout Caution Grows as Business Lobbies Back Rajoy (BBG)

Japan sinks into fresh recession (Reuters)

China economic recovery intact, but weak exports drag (Reuters)

Greece extends buyback offer to reach target (Reuters)  ... but on Friday they promised it was done

Basel Liquidity Rule May Be Watered Down Amid Crisis (BBG) ... just before they are scrapped

Irish, Greek Workers Seen Suffering Most in 2013 Amid EU Slump (BBG)

12-07-12 Dave’s Daily: http://www.etfdigest.com ‘EOCNOMIC DATA HOLDS SURPRISES Out of the gate this morning was the whopping surprise in the monthly employment report (146K jobs added vs 85K expected & prior 171K) and the unemployment rate dropped (7.7% vs 8% expected & prior 7.9%). This looked great didn’t it? But it wasn’t. And, algos don’t look too far under the hood at details but those were awful. The largest gain was in retail (part time holiday workers) followed by Hospitality and Leisure and Waste Services (Sandy?) while Construction jobs lost 20K. More importantly, the labor participation rate (only 63.6%) declined again as the number of people out of the work force increased by a stunning 540K people. In the end, more than 200K workers stopped looking for work.

http://albertpeia.com/daveschart12712no1.gif

Further inside the numbers are two charts that really indicate what’s happening within age groups.

http://albertpeia.com/daveschart12712no2.gif

http://albertpeia.com/daveschart12712no3.gif

Stocks rallied initially on the employment report as algos jumped on the headline beat but then settled lower after the largest miss in history for Consumer Sentiment (74.5 vs 82 expected & prior 82.7). The combination of these two reports became a head scratcher for investors. Consumer Credit expanded to $14.2 billion vs $12 billion expected with most of this allocated to the expanding Student Loan bubble. The latter is now over $1 trillion with 11% now over 90 days past due. (Isn’t it curious how “$ trillion” is now ubiquitous in our dialog?)Meanwhile in fiscal cliff news House Speaker John Boehner had a mini-press conference where he stated: “Obama is slow-walking to the fiscal cliff.”  An hour later House Minority Leader Nancy Pelosi gave a rambling press conference which was relatively hard to understand. She indicated (something rumored) that raising the tax rate to 37% vs 39% as expected she may not know if that will bring in enough money. Frankly, even taxes at 39% won’t bring in enough money to change the deficit and debt much. Frankly, it’s all a game but we must assume negotiations are continuing among parties behind closed doors.In China markets rallied on the “belief” economic data released this weekend will be positive. The euro (FXE) continued to fall as the German Bundestag cut economic forecasts reiterating what the ECB forecast Thursday. Naturally this meant the dollar (UUP) rose but moderated after employment and Consumer Sentiment data was given a second look.Large cap stocks (IBM, CVX, MCD, WMT and so forth) continued to climb while tech fell once again led by renewed selling in Apple (AAPL). The assumption with some stocks like Apple has to do perhaps as forced hedge fund liquidations add collateral damage to other investors as stops are hit as selling feeds on itself for now. Financials (XLF) and banks (KBE) were also leaders.Bonds (IEF) were weaker and this may be a defensive move as the Fed meets again next week. Commodities (DBC) (USO) weakened on the higher dollar and fears over weakening global economic growth. Gold (GLD) was flat overall and may also be seeing some hedge fund liquidation as many very large funds have heavy weightings in the metal. (Paulson’s funds for example) Speaking of hedge funds, the mammoth SAC hedge fund has seen fund managers now named as co-conspirators in the insider trading case recently uncovered by the SEC. In the late Friday news dump is a note from MarketWatch that key SEC commissioner Aguilar is willing to allow floating NAV money market funds. This could drive money away from brokerage accounts and be a big deal. Volume on Friday was again quite light while breadth remained mixed…’

Big banks planning layoffs Marketwatch It's not going to be happy holidays for many on Wall Street as word comes that Citi won't be the only bank laying off workers before year-end.

Three Charts Every Investor Needs to See

December 7, 2012 http://gainspainscapital.com

http://albertpeia.com/3chartsinvestorsmustsee.htm

Why Is The Market Mispricing Uncertainty By 50%?

Submitted by Tyler Durden on 12/07/2012

By now there can be no doubt that due to Bernanke et al's endless intervention in any and all capital markets, the "market" is no longer a mechanism that discounts the future in any way. In fact, instead of predicting the future, all the market has become is a backward looking race in which collocated algos respond to historical data - flashing red headlines - and attempt to out run each other in who can buy or sell more free for all, knowing full well at least one other greater fool will be behind them to pick up the pieces. Sadly, fundamentals as a driver to valuaton no longer exist. But such is life under central planning.  Yet there is one thing that the market responds to - it is politicians and the uncertainty that political risk brings with it. This certainly includes that most political of organizations, the Federal Reserve, whose stimulative intervention into capital markets two months before the presidential elections was without precedent. Yet even here, the market has managed to decouple from reality, and is trading at level far greater than what political uncertainty risk implies. As the chart below from Citi's Matt King shows, a correlation between BBB spreads and a broader proprietary uncertainty index, there is currently a roughly 50% political risk premium that is not being priced into stocks.

Guest Post: Preppers Who Make Surviving The Apocalypse Even Less Fun

Submitted by Tyler Durden on 12/07/2012

Being forced to endure and survive a catastrophic macro event like a monetary or social collapse is perhaps one of the worst experiences I could imagine.  Such a crisis leads to just about every crime and inhuman action in existence, and, the time required for a culture to right itself and rebuild is severely protracted.  A hurricane or earthquake or tidal wave; these calamities are short lived and easy in comparison.  The point is, as survivalists who are preparing to make an economic end-game scenario as “comfortable” to live through as we can, it is incumbent upon us to consider the kind of company we keep during the gambit.  Some allies will make that mad world bearable; others will bring the madness to your doorstep.

Meet Liz Fowler: Architect of ObamaCare Jumps Ship To Johnson & Johnson

Submitted by Tyler Durden on 12/07/2012

Following the passage of ObamaCare, several of the smartest people I know claimed that the bill was actually written by and for the drug and insurance companies rather than “the people” as Obama had claimed. In recent days it has emerged that Liz Fowler, who is said to have been one of the key architects of ObamaCare, is doing what any good revolving door crony capitalist would do.  She is moving to the private sector to receive her payoff. Revolving door on Wall Street.  Check.  Revolving door at the Pentagon.  Check.  Revolving door in Healthcare.  Check mate.  Welcome to America.  Check your freedom at the door.

Guest Post: Where To From Here?

Submitted by Tyler Durden on 12/07/2012

We face one of the deepest crises in history. A prognosis for the economic future requires a deepening of the concepts of inflation and deflation. Inflation is a political phenomenon because monetary aggregates are not determined by market forces but are planned by central banks in agreement with governments. Inflation is a tax affecting all real incomes. Inflation is a precondition of extreme deflation: depression. Should in fact the overall debt collapse, there would be an extreme deflation or depression because the money aggregate would contract dramatically. In fact the money equivalent to the defaulted debt would literally vanish. It is for this reason that central banks monetize new debt at a lower interest rates, raising its value. All the financial bubbles and the mass of derivatives are just the consequence of debt monetization. How will this all end? In history, debt monetization has always produced hyperinflation. In Western countries, despite the exponential debt a runaway inflation has not yet occurred. Monetary policy has only inflated the financial sector, starving the private one, which is showing a bias towards a deflationary depression. Unfortunately governments and banks will go for more inflation. As history teaches, besides money the freedom of citizens can also be the victim.

Nexen/CNOOC Deal Approved

Submitted by Tyler Durden on 12/07/2012

According to Reuters: "Canadian authorities have approved the acquisition of Nexen Inc by China's CNOOC Ltd, a source familiar with the matter said on Friday." It appears Canada decided against infuriating Chinese M&A overtures after all, imminent protecetionist political kneejerk reaction notwithstanding.

Weekly Bull/Bear Recap: Dec. 3-7, 2012

Submitted by Tyler Durden on 12/07/2012

Your comprehensive yet concise, one-stop summary of all the bullish and bearish events of the past week.

AAPL Death-Cross Pushes Dow To Highs

Submitted by Tyler Durden on 12/07/2012

Of course, it makes perfect sense - the largest market cap company in the world drops further and experiences a death cross and sure enough - the evergreen Dow Jones Industrial Average ended near the highs of the day - well north of the critical 'retirement-on' 13,000. In general risk-assets were quietly correlated with stocks today (amid relatively quiet volume on the major averages) but we note that the capital structure ETFs in general were less exuberant - though they did get a little bounce after the consumer credit data. All-in-all, the Dow stood alone in its non-AAPL exuberance as the rest of the market was mired in the sentment shift that is occurring (note the Dow saw ts 50DMA cross below its 100DMA and its closed perfectly intersecting with those averages). Must be the 'great' jobs number, right? Treasury yields end near their lows of the week, USD near its highs, Gold down on the week though at 3-day highs (supporting stocks), and high-yield credit weak today. Paging Skynet...

RANsquawk Weekly Wrap - 7th December 2012

Submitted by RANSquawk Video on 12/07/2012

These Funds Are About To Get Creamed If The Nexen/CNOOC Deal Fails

Submitted by Tyler Durden on 12/07/2012

In just over one hour the Canadian government will hold a press conference on the troubled Nexen/CNOOC deal: a deal that will make or break many M&A merger arbs or 2012. And judging by the algo reaction in the past few minutes, i.e., the complete collapse in NXY stock, the deal is off. So who is about to get crushed? Below is a sort of all hedge and mutual funds who added the most NXY stock in Q3, i.e., those who decided to pick pennies in front of a steam roller in hopes the Canadian government lets the deal through, with far more downside than upside if said assumption fails. All we can say is: Oops Paulson.... Again.

October Consumer Credit Rises By $14.2 Billion, Government Funds 70 Cents Of Every Dollar

Submitted by Tyler Durden on 12/07/2012

A month after consumer credit rose by $12 billion (revised) driven by car and student loans, even as revolving credit declined, total consumer credit in October once again rose in both revolving and non-revolving categories, up by $14.2 billion, consisting of $3.4 billion in revolving and $10.8 billion in non-revolving. This number will probably get revised lower next week. The number which will not be revised lower is the composition of sources of consumer credit, where the Government sourced 70% of all new loans (on a NSA) basis: $7 bilion of a total of $10.3 billion. For some perspective, the US government has funded $114 billion of the total $156 billion in total consumer debt in the past year. Between the Fed and Uncle Sam, who needs banks?

Bill Gross Explains The Market's Response To Today's Job Number

Submitted by Tyler Durden on 12/07/2012

... in under 140 characters no less

UMich Confidence Plunges, Biggest Miss On Record As Outlook Crashes

Submitted by Tyler Durden on 12/07/2012

After its biggest miss in four years (following the pre-revision spike to the biggest beat in three years), UMich Consumer Confidence came at 74.5 relative to an 82.0 expectation (biggest miss on record). Hugely down from last month's final print of 82.7, this is the first negative print since July to the lowest since August. Expectations for the future crashed its second largest absolute print on record (-13 to 64.6) to the lowest since Dec 11.  In the typical election year we see a rise in hope and confidence into the election and then a drop off after - it seems we are following that path...

Frontrunning: December 7

Submitted by Tyler Durden on 12/07/2012

Bundesbank cuts growth outlook as crisis bites (Reuters)

Strong quake hits off Japan near Fukushima disaster zone (Reuters)

Greece to Buy Debt It Already Owns to Reach Target (BBG)

Draghi’s Go-to ECB Seen Risking Credibility Through Overload (BBG)

Judge urges Apple and Samsung ‘peace’  (FT) ... Alas only the US government has a Magic Money Tree; others need profit

Fed Exit Plan May Be Redrawn as Assets Near $3 Trillion (BBG)... make that $5 trillion this time in 2014

Level Global, SAC Fund Managers Ruled Co-Conspirators (BBG)

Egypt demonstrators reject Mursi call for dialogue (Reuters)

Japanese Dealerships in China Retrench in Wake of Dispute (BBG)

Apparel factory fire reveals big brands' shadowy supply chainsa (Reuters)

Republican Defectors Weigh Deal on Tax-Rate Increase (BBG)

Pre-NFP Party Spoiled By Reality, Bundesbank And Another Japanese Earthquake

Submitted by Tyler Durden on 12/07/2012

In a day in which it was all supposed to be about today's far weaker (because there is a perfectly good alibi in the face of Hurricane Sandy) Nonfarm payroll report, expected to print at 85,000, due out in 2 hours, once again it is the the "rest of the world" that stole the scene, starting with a reality slam out of Germany whose Bundesbank came out with revised forecast for German economic growth, which collapsed projected 2013 growth from 1.6% to a tiny 0.4%, adding that there are "growth projections risks to the downside" in effect all but sealing Germany's recessionary fate in the coming year, and send the EURUSD to overnight lows. Sure enough, as if to confirm this forecast, moments ago German Industrial Production in October tumbled -2.6%, on expectations of an unchanged print. None of this should come as a surprise to our readers whom we have been warning for weeks and months that the European economic malaise is spreading closer to the core with each passing day. What this means is that as we have been saying for months, slowly but surely the narrative that the ongoing German bailout of Greece is crushing the AAA-rated economy will become louder and louder until it is the German people themselves who demand a severing of all ties with Greece.And speaking of Greece, there are simply no words to explain the stupidity of what may be happening there. Perhaps the following Bloomberg headline captures it best: Greece to Buy Debt It Already Owns to Reach Target. Er, LOLWUT?

RANsquawk EU Market Re-Cap - 7th December 2012

Submitted by RANSquawk Video on 12/07/2012

12-06-12 Dave’s Daily: http://www.etfdigest.com ‘REVERSAL ON HEDGE FUND REDEMPTIONS 12-06-12 There were hints in the news on Thursday of cracks in the GOP unity on higher taxes. This was led by the ubiquitous compromiser in chief former Senator Judd Gregg who was willing to utter “higher taxes” to give his colleagues an assist. After all they’re not stupid and read polls indicating people want to tax the so-called rich. As EU head Jean-Claude Juncker recently stated: “We know what to do, we just don’t know how to get reelected if we do it.” I guess that sums things up nicely. Speaking of Europe, Mario Draghi held his press conference Thursday and basically made no policy changes but indicated the eurozone would see weaker economic growth. This drove the euro (FXE) lower and dollar (UUP). He didn’t comment honestly about Greece being downgraded to CCC by S&P as “defaulted”. This mean the ECB and other alphabet rescue funds, would be buying Greek defaulted debt as collateral on bailout funds. Well, not to be too upset since our own Fed has done the same with TARP and allowed banks to reclassify bad debt as solvent.In other news of pedestrian variety cash moved back to struggling Apple (AAPL) shares. The stock hit $518 or so early in the day then rallied. Hedge funds largest position has been Apple but some funds are being shut forcing them to unload shares. (One example Thursday was Diamondback Hedge Fund being forced to close by redemption demands.) One fund’s problem may present collateral damage to other hedge funds that are also seeing redemption demands. And, Apple has been in a steady decline which may have been the result of redemption demand but had also been triggering trailing investor stops exacerbating the situation. Perhaps once this forced selling ends, the stock the coast will be clear for investors to buy. Jobless Claims beat estimates (370K vs 380K expected & prior rising to 395K from 393K) but this number is always “seasonally adjusted”. The NSA (unadjusted) showed a shocking jump to 498K from 358K. Also the Challenger Job Cuts jumped to 57K from 47K. Taken together this wasn’t good news.In Canada the PMI collapsed (47.5 vs 58.2 expected & prior 58.3) which just shows how weak the global economy is. In China it’s been reported by MarketWatch that Fitch has seen great risks in the magnitude of investment products being issued there—100 new products a day with over $2 trillion in assets. Fitch worries about the quality of these products and if they’re a Ponzi Scheme.And, lastly you’ve seen that I many others have written snarky commentaries about end of month, quarter and year “window dressing” which by the way is illegal per the SEC. Now comes forward Jason Zweig from the WSJ suggesting that this activity is commonplace.As indicated stocks reversed course and turned modestly higher led by oversold tech and Apple overall. Commodities (DBC) & (USO) fell with the rising dollar while gold (GLD) rose oddly once again. Bonds (TLT) were slightly higher in price. Many stories are having us set-up for a poor Non-Farms Payroll Report Friday. Volume once again reverted to ultra-light conditions once again. Breadth per the WSJ was mixed…’

The 10 biggest U.S. corporate layoffs of 2012

Cost of presidential race officially surpassed $2 billion { In the end, ‘the election’ was (fraudulently) fixed anyway. What a waste of time, money, and resources! What a failed nation pervasively corrupt, defacto bankrupt america is! }

China wealth-management products (patterned after the american ponzi approach) spell danger, says Fitch

QE 3 Didn’t Work… Why Would QE 4?

December 6, 2012 http://gainspainscapital.com

http://albertpeia.com/qe3qe4didntwontwork.htm

Show This To Anyone That Believes That Taxes Are Too Low

http://theeconomiccollapseblog.com

http://albertpeia.com/taxestoohigh.htm

From Good Jobs To Bad Jobs To No Jobs - The Tragic Downfall Of The American Worker

http://theeconomiccollapseblog.com

http://albertpeia.com/badjobsnojobsdownfallusworker.htm

Equities End At High-Of-Day; Oil/FX/Bonds Not So Much

Submitted by Tyler Durden on 12/06/2012

The technicals were in charge today as S&P futures coiled around VWAP early on, tested lows, then pushed to highs (coinciding with the 50DMA) - ending the day-session in the green. Low volume and low average trade size suggest this was not the pros filling their boots and the lack of enthusiasm among Treasury traders (despite a very late day ramp higher in yields), FX traders (EUR weakness dragged USD back to Unchanged on the week), and Oil (ending the day -2.9% on the week) didn't fill us with fear of a next leg higher (for now). Gold and stocks traded tick for tick most of the day as the precious metal toyed with $1700 again and HYG (the high-yield bond ETF) also recoupled with SPY (stocks) all day (shifting richer to its fair-value). Of course, AAPL is the name of the day with its death spiral, VWAP save, and VWAP reversion amid gigantic volume - but low average trade size (to close +1.5%). VIX ignored equity strength and closed +0.15 vols at 16.6% (very close to where it opened).

On Gold; Morgan Stanley Is Buying What Goldman Is Selling

Submitted by Tyler Durden on 12/06/2012

Just yesterday, Goldman Sachs suggested its clients should sell their gold (to them?) as the precious metal cycle had turned. It seems Morgan Stanley disagrees; the firm's preferred fundamental metal exposure for 20913 is Gold. Expecting Silver to outperform also (given its 'cheaper' store of value), MS believes nothing has changed on the fundamental thesis for owning gold as the adoption of QE 3 (and 4...) and the ECB's commitments (and BoJ) remain the most important factors for a continuation of weakness in the TWI trend for the US Dollar. They also add that low nominal and negative real interest rates, ongoing geopolitical risk in the Middle East and continued mine supply issues are also supportive. From India and ETF demand to central bank buying and USD weakness - MS seems to be buying what GS is selling (or is less about muppet-mauling).

"Trenton Makes, The Mayor Takes" Mack Indicted On Corruption Charges

Submitted by Tyler Durden on 12/06/2012

Just a few months back we noted the FBI's arrest of Tony Mack, the Mayor of New Jersey's salubrious capital Trenton. Today, via AP, the mayor and his brother have been indicted on eight counts of extortion, bribery, and mail and wire fraud. The Mayor has continued in his position - even since the September arrest - but the  federal indictment relates to an alleged scheme to accept $119,000 in bribes in exchange for his influence in the development of a garage on city-owned land. Shocked? not so much; but it seems maybe "Trenton Makes, The Mayor Takes" is more appropriate.

The Total Animated, Annotated US Debt

Submitted by Tyler Durden on 12/06/2012

With debt ceilings being summarily dismissed and billions and trillions of dollars being thrown around like confetti, we have become almost entirely de-sensitized to the colossal size of the numbers involved (and to be frank de minimus impact from any 'compromise'. In order to comprehend the size of the US Debt load, Demonocracy created this video visualized in physical $100 bills. And you thought a Jumbo-Jet full of cash was a lot...

The US Is Not Egypt But Is Obama About To Go 'Morsillini'

Submitted by Tyler Durden on 12/06/2012

UPDATE: Senate Republicans block vote on President Obama's debt-limit plan

The Pharaoh-like power-grab of omnipotence that Egypt's Morsi recently pulled seems to have set a precedent among newly 'elected' leaders. This morning, as per Bloomberg, we hear that Obama (and his viceroy Harry Reid) plan to demolish the idea of congressional checks on the debt limit. Incredibly ironic timing - given our previous post (in which Rick Santelli explains why this is a potential disaster), but placing that much unlimited money power in the hands of one man seems like a mistake:

*OBAMA PLAN CALLS FOR END OF LAWMAKER APPROVAL OF DEBT LIMIT

*REID SAYS SENATE MAY VOTE ON OBAMA DEBT-LIMIT PLAN TODAY

McConnell's response: “Look: the only way we ever cut spending around here is by using the debate over the debt limit to do it, now the President wants to remove that spur to cut altogether.”

Santelli Sums It Up In 10 Words: "Debt Ceiling Is Not The Problem. Debt Is The Problem"

Submitted by Tyler Durden on 12/06/2012

Since the 2nd Liberty Act of 1917 birthed the debt ceiling, due to issues financing USA's entry into World War I, CNBC's Rick Santelli notes that there has been many documented 'violations'. However, as Rick so vociferously points out President Obama's comment yesterday on the debt limit and highlights the fact that "to have an unlimited amount of money to call upon is too much power power for one person. It's always in our country been about checks and balances but I think this administration just wants more checks and no balancing of the checkbook." Rick is right, of course, and the current diatribe from Geithner and Obama yesterday on the possible 'removal' of the debt limit beggars belief - and yet has become a negotiating point to be 'traded'. While some argue the premise of the debt limit for a reserve currency nation is nonsense, Santelli sums it perfectly in ten little words: "Debt Ceiling Is Not The Problem. Debt Is The Problem," adding the debt ceiling, as we have pointed out regularly, is an important (perhaps the most important) issue facing us currently (and inseparable from the supposed 'austerity' of the fiscal cliff - lower spending growth not lower spending).

AAPL & Stocks 'On'; Rest Of Risk 'Off'

Submitted by Tyler Durden on 12/06/2012

AAPL's phoneix-like rise from the WWJTD lows this morning has been capped at yesterday's closing VWAP. Stocks and Gold are recoupled for the week pushing towards the highs (and high yield credit and stocks have recoupled). While equities are pushing their highs, Treasury yields plumb new lows, EURUSD has given up all the week's gains and more, and Oil is plunging. So, another day, another dislocation as not even Harrry Reid's indignance can move markets today...

Europe's Scariest Chart - Update

Submitted by Tyler Durden on 12/06/2012

Despite Draghi's insistence that 'significant' progress has been made, that the ECB's efforts have not been "killer medicine", that stocks are higher and spreads are lower (implying the ECB "has already done much that is needed"), and how optimistically-biased cherry-picked economic surveys are positive despite weak economic projections; the fact of the matter is that youth unemployment is only getting worse - much worse. Euro-zone youth unemployment is at a record 23.9% but Spain and Italy saw the biggest jumps (to 55.9% and 36.5% respectively). Greece remains the worst at over 56% based on last data, while Germany rests at 8.1%.

Gallup Finds Unemployment Rate Soars Following Presidential Election

Submitted by Tyler Durden on 12/06/2012

Two months ago, there were various prominent pundits who were furiously mocked and ridiculed by those whose job in the media it is to mock and ridicule, for suggesting what most know: that economic data is widely nuanced, massaged, adjusted, goalseeked and outright manipulated by various political interests. That someone would feign outrage by this allegation is laughable at best (and sorry, the "too many people were involved to keep it a secret" excuse is now absolute rubbish following the confirmation of Liborgate, yet another conspiracy theory until it became a conspiracy fact), yet all the "serious" outlets of insight did just that. Now that the election is over, for one reason or another "unnuanced" normalcy is about to strike back with a vengeance, as soon as tomorrow with the official release of November jobs data. And if the just released Gallup unemployment data is any indication, the amount of outright goalseeking by the fine folks at the BLS was nothing short of startling. Because after recording an adjusted unemployment rate of 7.4% in October, the November unemployment rate, based on a random sample of 29,308 adults, soared by a whopping 0.9% in one month to 8.3%, the most since the Great financial crisis itself! And furthermore, at 8.3% the unemployment rate is now the highest since May. Is it time yet for all those sellsiders to admit they were wrong weeks after producing beautiful pitchbooks of how 2013 will be "different this time" and the economy will soar? Or should we wait a few weeks first?

ECB Head Forced To Defend His Goldman "Conflicts Of Interest"

Submitted by Tyler Durden on 12/06/2012

As we have discussed a number of times (most recently here), the infiltration of Goldman Sachs alumni into the highest ranks of political and monetary policy 'running the world' ranks is becoming pandemic. What is perhaps even more surprising is the fact that during the ECB's press conference this morning, the head of the world's 'almost' most powerful entity had to defend himself from such crackpot, tin-foil-hat-wearing, digital-dickweed-esque conspiracy theories that Draghi's affiliation to the Mother Squid is of greater importance than his current professional position. The sadly ironic aspect is that Draghi's membership of the Goldman Sachs-sponsored G-30 warranted more discussion during the press conference than that of Italy's Monti debacle (or Greece's "killer medicine").

Il Giornale: "The Monti Government Is Increasingly Hanging By A Thread"

Submitted by Tyler Durden on 12/06/2012

As predicted in our overnight summary piece titled, "Sentiment Shaken By Concerns Of Political Circus Returning To Italy" Europe appears set to be gripped by yet another political crisis, this time by the country that most forgot in 2012, with the attention focusing primarily on Spain and Greece. The reason is what some may call Berlusconi's revenge, who after being eliminated by the ECB in November 2011 when Draghi sent Italian bond spreads soaring, and made Berlusconi's departure a condition to returning normalcy in exchange for planting yet another Goldman tentacle in Italy, Mario Monti, has now shaken the credibility of his successor by having his party PDL abstain from a vote of confidence in favor of Monti's growth measures. The result, as Il Giornale reported moments ago, is that the "the government is increasingly hanging by a thread". It continues: 'Now Prime Minister Mario Monti is likely to no longer have the numbers in parliament. The majority creaks." Is this the end of the technocratic quiet in the austerity regimes? And if the people have said Basta to Goldman and its appointees, does this open the door wide for the likes of Berlusconi to retake the power and force Goldman to scramble to regain status quo "normalcy" for another several months just as every sellside firm has bet the ranch on a global renaissance in 2013?

Margin Debt Rises To 18 Month High As Net Free Credit Plunges To -44 Billion: Keep The Margin Calls Away

Submitted by Tyler Durden on 12/06/2012

A month ago, just before the market tumbled only to be rescued by a completely idiotic goal seeked narrative on November 16 that Congress and the President were close to a compromise on the Fiscal Cliff, since repeatedly refuted, we presented an update of NYSE margin debt and net investor net worth. The data was disturbing as it showed that just as the market had hit its 2012 peak so far, investors were truly "all in" stocks, and that "Margin Debt as of 9/30 hit $315 billion: a jump of $30 billion from the prior month, and the highest since March 2011, just before the market tanked. And confirming that there is simply no cash on hand to pay for margin calls when they start pouring in after today's massive sell off, is the total Net Worth, which in September was the lowest since April. Because with record complacency, and the Fed guaranteeing no further shocks are possible, who needs to hold cash?" Today we get the October data, and things have just gotten worse, because Margin Debt rose once more, this time to $318 billion, the highest in a year and a half, but more troubling is that Net Free Credit (i.e. real disposable cash to meet margin calls) sank even deeper into the red, at a whopping ($44) billion, the lowest since the summer of 2011. This simply means that like last month, if and when the margin calls start coming in, speculators will have no choice but to commence liquidating levered positions as there is simply not enough cash to fund capital losses. Which probably explains the resilience of the S&P: one or two 1% down days and Congress will get a far greater impetus to get a Fiscal Cliff deal done. Which, paradoxically, is precisely what needs to happen.

ES: A Bouncing Algo Ball Pennystock?

Submitted by Tyler Durden on 12/06/2012

S&P 500 futures (ES) are jumping around like a penny-stick biotech firm on FDA-day. VWAP is the cnahor and the algos are had at work as they pull and push the index to help manage the AAPL orders. Simply remarkable moves for the index representative of 500 of the USA's largest stocks...

Guest Post: ISM Composite - Back To Pre-Crash Levels, But...

Submitted by Tyler Durden on 12/06/2012

The composite index has now regained its pre-financial crisis levels of 55.4.  However, more important than the current level is the trend of the data since the peak in 2010.  I have noted the previous peaks of data and while the index is volatile from one month to the next the declining trend of the data should be concerning to those paying attention.  As we have stated in the past "economic change occurs at the margin" so the focus on a single data point can be very misleading. With estimates for Q4 GDP being ratcheted down sharply to roughly 1% from Q3's 2.7% annualized rate - it is very likely that the latest print in the ISM Composite index is likely the peak that we will see for several months. Doing more with less has now been the mantra of businesses since the financial crisis, and despite the $30+ trillion dollars thrown at the economy since that time, there has been little movement by businesses to become more aggressive.

Greece 'Selective Default' And Geithner's 'Selective Memory'

Submitted by Tyler Durden on 12/06/2012

Late last night S&P placed Greece into “Selective Default” again, raising the issues, once again, of the $90 billion in Greek derivatives, the Greek bank bonds guaranteed by the country and now at the ECB, some central banks and some commercial banks where some clause may get triggered, various clauses in repos, inter-bank lending contracts and guarantees by Athens of various corporate entities all potentially seeing triggers. In the meantime, because Americans hate to be left out of anything, we continue to behave like fools. The raising of the tax rate on the wealthy will operate the country for about eight days and it seems like the savants in Washington have forgotten that there are three hundred and forty-eight days left in the year. Secretary Geithner’s ,“We are prepared to go over the fiscal cliff,” has all of the dramatics of some bluff on World Wide Poker. The focus on redistribution of wealth is a secondary consideration when you cannot pay your bills. We propose that unhappy Americans unite, buy the Abaco islands from the Bahamas, they need the money, and begin our own island nation and let the 46.5 million on food stamps fend for themselves. We honestly feel that way some days as the idiocy in Washington D.C. seems to recognize no boundaries.

Diamondback To Liquidate: Here Are Its Largest Holdings

Submitted by Tyler Durden on 12/06/2012

Once upon a time Diamondback was one of the most prestigious, most desired to work for hedge funds. That is no longer the case, because as Bloomberg reported moments ago, the Stamford, CT-based fund, which as recently as 2010 had nearly $6 billion in AUM, is closing down, due to concerns it could be the next SAC, and following a flurry of redemptions, has no choice but to liquidate. What equities will be dumped wholesale by the fund? Full list of top 30 holdings is presented below.

Claims Drop To 370K, Beat Expectations Even As Unadjusted Claims Soar By 140K In One Week

Submitted by Tyler Durden on 12/06/2012

And so the BLS and DOL are back to "seasonal adjustments." Because in a week in which the Sandy effect was supposed to fade, at least on a seasonally adjusted basis, nothing could spoil the party. And sure enough, the headline number dropped from an upward revised (how else) 395,000 to 370,000, well below the expected 380,000. The real story, however, is how the DOL is doing all it can to smooth the noise, because in the week ended December 1, Not Seasonally Adjusted Initial Claims soared by 139,678 - the highest since January, to a whopping 498,619. Compare this to the SA number of 370,000, and one can see why in the aftermath of Sandy, it is quite clear that between hurricane distortions and seasonal adjustments, the headline number is completely meaningless. Confirming this was the surge in Continuing Claims, which ripped from 2,835,671 to 3,301,200, an increase in continuing claims of 465,529, or nearly half a million, in one week! But at least the pre-election boost of those collecting extended claims is over, with those on EUCs down by 110K in one week, thereby ending the extended Uncle Sam handout for over a hundred thousand Americans, who will now be forced to seek solace in disability benefits.

Mario Draghi Press Conference - Live Webcast

Submitted by Tyler Durden on 12/06/2012

You know the drill: 45 minutes after the ECB announcement we get the presser. Will Draghi say anything catalytic? Most likely not: the only variable is whether or not Draghi sees a reduction in inflation and growth (despite all the recent irrational euphoria from various sellside desks), leaving the door open for negative deposit rates. Remember: the "bazooka variable" - the OMT - is now solely in Spain's, and out of the ECB's, hands now.

*DRAGHI SAYS ECB CUT GROWTH FORECASTS, SEES `DOWNSIDE RISKS'
*DRAGHI SEES WEAK GROWTH EXTENDING INTO 2013 BEFORE RECOVERY
*DRAGHI SAYS GOVTS MUST REDUCE FISCAL STRUCURAL IMBALANCES
*DRAGHI SAYS FISCAL POSITION IN U.S. MAY DAMP CONFIDENCE LONGER

Frontrunning: December 6

Submitted by Tyler Durden on 12/06/2012

MSM discovers window dressing: Fund Managers Lift Results With Timely Trading Sprees (WSJ)

White House Unyielding on Debt Limit (WSJ)

Obama, Boehner talk; Geithner prepared to go off "cliff" (Reuters)

Republicans urged to resist tax rises (FT)

China looms large over Japanese poll (FT)

As predicted here two months ago, Greek Bond Buyback Leads S&P to Cut to Selective Default (BBG)

Japan opposition LDP set to win solid election majority – polls (BBG), but...

Japan Opposition LDP’s Main Ally Cautions Abe on BOJ Pressure (BBG)

U.S. and Europe Tackle Russia Trade (WSJ)

King Seen Maintaining QE as Osborne Extends Fiscal Squeeze (BBG)

Syria pound fall suggests currency crisis (FT)

Irish budget seeks extra €3.5bn (FT)

U.K. Extends Cuts Due to Poor Outlook (WSJ)

ECB Seen Refraining From Rate Cuts as Yields Sink on Bond Plan (BBG)

RANsquawk EU Market Re-Cap - 6th December 2012

Submitted by RANSquawk Video on 12/06/2012

12-05-12 Dave’s Daily: http://www.etfdigest.com ‘MARKET SECTOR ROTATION UNDERWAY 12-05-12 U.S. economic news was unremarkable overall. ADP Employment data disappointed missing for the 6^th time in 9 months (118K vs 125K expected & prior 158K). Productivity increased (2.9% vs 2.8% expected & prior 1.9%) but costs fell (-1.9% vs expected -.9% & prior -0.1%), meaning wages took a hit again. Factory Orders declined 0.8% vs -0.1% expected & prior 4.8%). ISM Non-Mfg Index 53.7 vs 53 expected & prior 54.2) but within the data the employment number plunged to 50.3 from 54.9—it’s this under the hood stuff the media and algos don’t pay attention to. In overseas markets the focus was squarely on China where there was “talk” of more “potential” infrastructure spending along with easing rules allowing insurance companies to invest in banks. Stocks there rallied sharply (+2.9%) shifting the focus away from the fiscal cliff to more growth from China. Of significance down the road India’s congress passed a bill allowing foreign retailers to open stores in the country—hello Wal-Mart (WMT). Not that it mattered to U.S. stock bulls much Wednesday but Spain was unable to sell the €4.5 billion in bonds Wednesday with only €4.25 billion placed. Also the eurozone reported its ISM Non-Mfg Index down for the 10^th straight month as much of the region lingers in recession—no matter stocks rose. Also, Greece was downgraded to CCC by S&P after it is now in “selective default”. I guess this is bullish as well. Gold (GLD) prices continued their decline falling modestly. As you might remember from Monday’s heavy selling there was one large seller in Tokyo mid-day which drove prices sharply lower. We learned today, Goldman Sachs has suggested to clients to sell gold. Could it be GS was that seller in Tokyo? What a shock, eh? Meanwhile the dollar (UUP) rose while commodities (DBC) overall were mostly flat. Growth in China and perhaps repair damage from Sandy affects demand for copper (JJC) and other base metals (DBB) benefited.Overall, U.S. stocks were led by financials (XLF), banks (KBE), and insurers (KIE) as money continues to rotate from tech. Large banks as primary dealers love POMO and use proceeds for trading. It might be the Fed will put POMO on steroids if we go over the cliff. Tech (XLK) continues to suffer as heavyweight Apple (AAPL) leads selling. Bonds (TLT) remained only slightly weaker on the day. Citigroup (C) announced it would fire 11,000 workers and the stock rose. Are financials then the safe place to be with the fiscal cliff? Good question as Deutsche Bank is being accused of hiding more than $12 billion in losses to avoid bailout. Wow! Volume was higher but breadth overall per the WSJ was mixed to flat…’

The Only Thing You Need to Know About the Fiscal Cliff

December 4, 2012 http://gainspainscapital.com

http://albertpeia.com/fiscalheathcliff.htm

Detroit: One Of Our Greatest Cities Has Become A Desolate Wasteland Where The Lawless Reign

http://thetruthwins.com

http://albertpeia.com/lawlesswastelanddetroit.htm

Bombshell: Deutsche Bank Hid $12 Billion In Losses To Avoid A Government Bail-Out

Submitted by Tyler Durden on 12/05/2012

Forget the perfectly anticipated Greek (selective) default. This is the real deal. The FT just released a blockbuster that Europe's most important and significant bank, Deutsche Bank, hid $12 billion in losses during the financial crisis, helping the bank avoid a government bail-out, according to three former bank employees who filed complaints to US regulators. US regulators, whose chief of enforcement currently was none other than the General Counsel of Deutsche Bank at the time!

A Millisecond Analysis Of The Latest Gold Smackdown

Submitted by Tyler Durden on 12/05/2012

On December 4th, 2012 at 47 minutes and 13.1 seconds after midnight, 2,035 February Gold Futures contracts GCG3 took the market down $10 as fast as the exchange could execute the order. This invisible hand that decided that that was the perfect time to execute a trade for over 200,000 ounces and $345mm notional of gold is exposed in oh-so-visible a manner by Nanex's eagle-eyed millisecond-by-millisecond charts below. As the day wore on, there were more of these sudden 'unexplained' price moves. Cue 'Twilight Zone' music...

David Rosenberg On "Shared Sacrifice"

Submitted by Tyler Durden on 12/05/2012

Sweeping changes are taking place at the state level as pension trustees and legislatures push for higher monthly contributions to pension plans, a later retirement age and lower annual cost-of-living adjustments for current and retired workers. Unions (those that don't make Twinkles, in any event), are making the concessions because they can see the future absent shared sacrifice — the termination of defined benefit plans in favour of defined contribution plans. Be that as it may, employee contributions are going up — a de facto tax hike. And this will work directly against any upturn in consumer spending when you consider that the state and local government sector employ nearly 20 million people or 15% of the national job pie. So we will have less government, fewer entitlements and more whisperings that it isn't just the $250,000+ high-income households that are going to experience tax increases and diminished disposable income growth. This is shared sacrifice. To think that the nation could have ever gone to war in Iraq and in Afghanistan under the Bush regime, putting our troops at great risk not to mention the emotional scars on their families, while here at home civilians would be allowed to enjoy tax cuts and a debt-financed consumption binge.... One has to wonder what events could provide positive momentum to GDP growth, push corporate earnings to record highs as the consensus predicts as early as next year, or generate any lasting inflation, for that matter.  It's the people that make these pricing decisions. Businesses can only price up to what consumers are willing to pay. It is households that determine whether or not we have inflation, not some bureaucrat in Washington who believes he has control over some printing press.

Citi On Why QE Isn't Working

Submitted by Tyler Durden on 12/05/2012

Citi's Robert Buckland explains: If policymakers really do want to encourage stronger economic growth (and especially higher employment) then we would suggest that they take a closer look at the equity market's part in driving corporate behaviour. Despite high profitability, strong balance sheets and ultra-low interest rates, any stock market observer can see daily evidence of why the listed sector is unlikely to kick-start a meaningful acceleration in the global economy. A recent Reuters headline says it all: "P&G Plans to Cut More Jobs, Repurchasing More Shares". If anything, low interest rates are increasingly part of the problem rather than the solution. Perversely, they may be turning the world's largest companies into capital distributors rather than investors.

Stop-Hunting Algotron In Charge As Equities End Small Green

Submitted by Tyler Durden on 12/05/2012

What a ridonculous day. We nearly dragged the deer out - or even Donkey Kong - but the epic awesomeness of the swings in stocks today (most notably the S&P 500 - since AAPL/NASDAQ tracked lower and more consistently all day) was simply remarkable. AAPL broke all kinds of records today (losing more market cap today than 80% of the S&P 500 companies in total h/t Peter Tchir). Despite the rapid collapse on the S&P 500 into the close (as HYG pulled off its lows in a failed convergence trade) amid heavy volume, saw the S&P manage a gain on the day but down on the month (while the Dow Industrials and Transports are basically unchanged since 11/30). Rates fell and stayed near their lows for the day; commodities chopped around (as usual) but ended marginally lower from yesterday's day-session close; financials were the winners on the day but led by just great companies as BofA and Citi which staged a tick-for-tick algo liftathon odyssey of idiocy (now up around 6% on the month!!). All-in-all, the S&P remains rich to risk assets but the overflow from AAPL's collapse has likely not played out yet as taps-on-the-shoulder will be everywhere tonight.

Greece Is In Selective Default

Submitted by Tyler Durden on 12/05/2012

On October 22, we alone asked a very relevant question, which apparently nobody was able to answer:

Does anyone in Europe realize that a Greek distressed debt buyback is yet another event of default?

Well, one entity did. S&P.

GREECE CUT TO SD FROM CCC BY S&P

S&P CUTS GREECE'S LONG-TERM DEBT RATING TO 'SELECTIVE DEFAULT'

AAPL Suffers Biggest Market Cap Loss Ever

Submitted by Tyler Durden on 12/05/2012

It seems like it was only yesterday when we were praising the miraculous 4 sigma move in AAPL stock, when it soared by nearly $40 in one trading session. It wasn't: it was November 19. Which is why it probably shouldn't be surprising that two short weeks later AAPL stock has just seen its biggest dollar fall in absolute terms in history, down $37 dollars or nearly 7%, its biggest one-day percentage drop since September 2008. Why? Nobody really knows, but when the world's biggest company by market cap trades increasingly like a penny stock, does anyone really care? In absolute terms, AAPL has lost nearly $35 billion in market cap in several hours today: more than the market cap of BlackRock, Morgan Stanley or Wal-Green, with no real material news except for the occasional weak order hearsay (which one didn't really need considering the US and global consumer is totally tapped out), and various other rumors. One thing is certain: the 240+ hedge funds who owned the stock as of September 30, and which did their best to paint the tape for November, are now at a complete loss what to do to delay what was certainly going to be a redemption avalanche for the second month in a row.

Citi Firing 11,000

Submitted by Tyler Durden on 12/05/2012

Big news ahead of this Friday's NFP report:

CITI TO CUT OVER 11,000 JOBS, TAKE PRETAX CHARGE $1B IN 4Q

"Sandy's fault?" Or maybe the economy is collapsing despite all the propaganda one is spoonfed. Considering the recent termination of over 50,000 by UBS we think we know the answer. And while C stock may jump on the news, the end result is that New York and the US have both just lost 11,000 less key taxpayers most of whom are almost certainly in the $250,000+ bucket. That said we can't wait for the BLS to take this data as somehow beneficial for the unemployment rate.

ADP Print Of 118K Misses Expectations, Drops; Manufacturing Jobs Decline For Fifth Month: Zandi Blames Sandy

Submitted by Tyler Durden on 12/05/2012

It was only logical, not to mention rhyming, that the new overlord of the ADP private payroll cheat sheet, Moody's Mark Zandi, would blame hurricane Sandi for today's miss in ADP private jobs, which printed at 118K, below expectations of 125K, and well below last month's downward revised 157K. To wit from Zandi: "Superstorm Sandy wreaked havoc on the job market in November, slicing an estimated 86,000 jobs from payrolls. The manufacturing, retailing, leisure and hospitality, and temporary help industries were hit particularly hard by the storm. Abstracting from the storm, the job market turned in a good performance during the month." And abstracting from reality, theoretical central planning might work. More importantly for Obama's "create 1 million manufacturing jobs in 4 years task" f(a)rce, November saw yet another 16,000 manufacturing jobs lost. Fear not though: these were almost offset by the 13,000 highly "productive" financial jobs created in the past month - perhaps all were insurance liability estimators? Finally, with Friday's NFP forecast at 87K, on a range of 15K to 145K, today's ADP report is merely yet more of the same very loud noise we have grown to love and expect from the firm which mysteriously pulled a NAR and revised its 2012 YTD jobs several weeks ago by a few hundred thousand.

Mainstream Media Finally Reports On GM's Channel Stuffing Scandal

Submitted by Tyler Durden on 12/05/2012

Yet another story we have been following for nearly two years (and here) has finally migrated over to the Mainstream Media as attempts to hush it down before it become painfully obvious and problematic, have failed miserably. The WSJ writes that "Detroit auto makers are piling up big stocks of passenger cars at dealers despite brisk new-vehicle sales in the U.S.—a problem that executives vowed to avoid since their painful downturn three years ago."

Frontrunning: December 5

Submitted by Tyler Durden on 12/05/2012

LA port workers to return Wednesday (AP)

Iran says extracts data from U.S. spy drone (Reuters)

Obama to stress need to raise debt limit "without drama" (Reuters)

Big Lots Chief Probed by SEC (WSJ)

NATO missiles to be sent to Turkey, Syria clashes rage (Reuters)

GOP Deficit Plan Irks Conservatives (WSJ)

Japan Can End Deflation in Months, Shirakawa Professor Says (BBG) ... almost as good as Bernanke ending inflation in 15 minutes.

Osborne Prepares to Breach Fiscal Rules Amid U.K. Growth Slump (BBG)

Global Banking Under Siege as Regulators Guard National Interest (BBG)

Freeport plans return to energy (FT)

Serbian NATO envoy jumps to death at Brussels airport (Reuters)

Tide Turns After a Flood of Chinese Listings (WSJ)

Australian economy loses steam (FT)

Euro Crisis Feeds Corruption as Greece Slides in Rankings (BBG)

12-04-12 Dave’s Daily: http://www.etfdigest.com ‘TRADERS SPENT THE DAY PICKING EACH OTHER’S POCKET 12-04-12 The action on Tuesday was centered on confusion and mystery.Why was there heavy gold selling in Asia? The dollar was also quite weak. Is the inverse gold/dollar relationship broken?Sure the fiscal cliff looms and it makes for good theater, sells soap but answers few questions regarding other issues like what’s going on with commodities and precious metals. Let’s just say there is plenty of nefarious dealings taking place in commodity markets overall.This post is brief since there’s no reason to try and solve these puzzles perhaps even inspector Clouseau-style. As indicated the dollar (UUP) was quite weak and so too gold (GLD). Stocks just churned about making little progress one way or another. It may be, pending other events, stocks may just remain camped until the cliff is resolved or not. Given this lack of progress away from currency and commodity markets there was little else to do but remain a spectator Tuesday. This lack of direction makes this commentary very short. Volume was once again quite light and breadth per the WSJ was mixed to flat…’

Heffernan: Microsoft is back — Why the dorky Apple rival is suddenly cool { Forget cool, when it comes to computers/computing, I’m more concerned with stability and performance. As a critic of Microsoft beyond their breakthrough Windows 2000 (professional) and Word offerings, I felt compelled to comment here. XP was a dog and deserving of criticism (innumerable problems including acting as a ‘virus magnet’). Quite by ‘accident’, I plugged in an old apple usb mouse and my problems with vista (sic), Windows 7, literally disappeared (I then ordered a new usb mouse for right-click, scroll capability). Vista…Whoops, my mistake…I meant to say Windows 7 (not thinking there’s a difference; obviously I haven’t followed their recent past misguided exploits closely)… Windows 7 is by far and away superior to xp (and Vista) in every way. It apparently was the legacy mouse and problems created thereby (with ram, resources, cache/processor, etc.) that impaired stability and performance and I’m happy to say thus far, Windows 7 (with updates to date) is a solid successor to 2000 and microsoft’s best operating system to date (I have my fingers crossed as I said that … just kidding!). }

The Investment Classes That Will Most Benefit From Obama’s Second Term

December 4, 2012 http://gainspainscapital.com

http://albertpeia.com/investmentsosecond.htm

The Coming Derivatives Panic That Will Destroy Global Financial Markets

http://theeconomiccollapseblog.com

http://albertpeia.com/derivativesbust.htm

‘…  The largest casino in the history of the world is going to go "bust" and the economic fallout from the financial crash that will happen as a result will be absolutely horrific…’ ( more http://albertpeia.com/derivativesbust.htm )

20 Shocking Examples Of How Sadistic And Cruel People Have Become

http://endoftheamericandream.com

http://albertpeia.com/20examplessadistictwistedcruelty.htm

Europe's Gluttony Olympics: Fattest, Laziest, Drunkest

http://albertpeia.com/theeugluttonistas.htm

It's Never Different This Time

Submitted by Tyler Durden on 12/04/2012

Japan's years of quantitative easing, forced financial repression, and Koo-nesian stimulus efforts are an altogether too accurate test-tube for the accelerated policies that Bernanke has engaged. A glance at the charts below and one wonders how many times did Japanese investors look at the equity market's exuberance relative to bond yields and scoff greedily; how many times did Japanese equity managers ask "what are you gonna do, buy JGBs?" But time and again, the Japanese equity market realized the errors of its ways and attempted to 'creatively destruct' the status quo - only to be dragged kicking and screaming into the next bubble. What awaits the US?

China Services PMI Plunges Most In 15 Months To Lowest Since Aug 2011

Submitted by Tyler Durden on 12/04/2012

While much will be made of the greater-than-50 level for HSBC's China Services PMI, we note that the drop in the last two months is the largest in 15 months and takes the index back to its lowest levels since August 2011. While China's Manufacturing PMI was lauded as evidence that all is well and the slowdown has stopped, we note that in the history of the China Services PMI, it has only been lower than the current print in five of the forty-four months. It seems perhaps the transition is not going quite as according to plan.

What A Difference Six Years Makes

Submitted by Tyler Durden on 12/04/2012

The 11 "Death Spiral" States http://albertpeia.com/deathspiralstates.htm

Submitted by Tyler Durden on 12/04/2012

Eleven states made Forbes' list of danger spots for investors including California, New York, Illinois, and Ohio. They warned (and with the cliff it is even more critical), if you have muni bonds in these states - clean up your portfolio; if your career takes you there - rent, don't buy! Two factors determine their list of 'fiscal hellholes'. The first is whether there are more takers (someone who draws money from the government) than makers (the gainfully employed). The second is a state credit-worthiness score (via Conning) based on large debts, uncompetitive business climates, weak home prices, and bad trends in employment. Conning rates North Dakota the safest state to lend money to, Connecticut the most hazardous. A state qualifies for the Forbes' death spiral list if its taker/maker ratio exceeds 1.0 and it resides in the bottom half of Conning’s ranking. See below for the 11 states to avoid...no matter what Bob Toll, Larry Yun, Bob Pisani, or Alexandra Lebenthal tells you..

Worst-run states

New Jersey

Between 2010 and 2011, New Jersey’s GDP contracted by 0.5% — more than all but three states. The state’s median household income and poverty rate both ranked third in the nation. On the other hand, the state’s tax burden on its residents was second highest in the U.S. in 2010. Residents paid 12.4% of their income in state and local taxes — higher than any other state except neighboring New York. The state has budget problems, as well, according to the 24/7 Wall St. analysis. New Jersey’s debt as a percentage of revenue was 91.6%, the fifth-highest of all states.

Egyptian President Flees Palace As Rioters Close In

Submitted by Tyler Durden on 12/04/2012

Time for flashbacks to nearly two years ago, when the first Egyptian revolution, with great assistance from the various governmental liberating agencies of the "developed world", led to a democratic regime, so democratic, the ruler lasted all of 5 months before declaring himself temporary dictator. The reason: following yet more riots, this time resulting in a siege of the presidential palace, and in which protesters breached the presidential palace cordon, Reuters reports that Mursi, aka Morsillini, who granted himself "temporary" supreme commander (read dictator) powers with a unilateral decree on November 22, has now left the building... the presidential palace that is. This will surely embolden the protesters even more, and may well get the military in play once again. One wonders just which regime the US will support this time around, and what happens if control over the Suez Canal can not be maintained following what is increasingly shaping as a counterrevolution.

The Keynesian Revolution Has Failed: Now What?

Submitted by Tyler Durden on 12/04/2012

The Great Depression brought about the Keynesian Revolution, complete with new analytical tools and economic programs that have been relied upon for decades. In dampening each successive downturn, authorities accumulated increasingly larger deficits and brought about a debt supercycle that lasted in excess of half a century. The efficacy of these tools and programs has slowly been eroded over the years as the accumulation of policy actions has reduced the flexibility to deal with crises as we reach budget constraints and stretch the Fed’s balance sheet beyond anything previously imagined. Some have referred to this as reaching the Keynesian endpoint. Keynes would barely recognize where we now find ourselves. In this ultra loose policy environment we are limited by our Keynesian toolkit. Without a new economic paradigm, the deleterious consequences of the current misguided policies are a foregone conclusion.

Frontrunning: December 4

Submitted by Tyler Durden on 12/04/

Two weeks ago here: The Latest Greek "Bailout" In A Nutshell: AAA-Rated Euro Countries To Fund Massive Hedge Fund Profits... and now on Bloomberg: "Hedge Funds Win as Europe Will Pay More for Greek Bonds" (BBG)

Oracle sends shareholders cash as tax uncertainty looms (Reuters)

GOP Makes Counteroffer In Cliff Talks (WSJ)

Iran says captures U.S. drone in its airspace (Reuters)

IMF drops opposition to capital controls (FT)

Vogue Editor Wintour Said to Be Possible Appointee as U.K. Envoy (BBG)

Juncker Stepping Down French Finance Minister to Head Euro Group? (Spiegel)

Australia cuts rates to three-year low (FT)

Europe’s banking union ambitions under strain (Reuters)

EU Nations Eye New ECB Bank Supervisor Amid German Doubts (BBG)

Frankfurt's Ambitions Get Cut Back (WSJ)

House Republicans Propose $2.2 Trillion Fiscal-Cliff Plan (BBG)

12-03-12 Dave’s Daily: http://www.etfdigest.com ‘FISCAL CLIFF HAUNTS LIKE Y2K 12-03-12 { Let me just interject here that nearly a trillion dollars (without a decade’s worth of debasement) was spent to avoid the ‘nonevent’} Most of you remember the hype and angst over Y2K in late 1999 no doubt. But it turned out to be a nonevent. The fiscal cliff seems profound in a different way but may result in just another shrug. In Europe the PMI was higher but still posted the 16^th straight month of being under 50 (46.2 vs 45.4 previously). In China the PMI dropped slightly (50.4 vs 50.6 expected) which had some thinking this was a positive when it wasn’t. U.S. ISM Mfg Survey was surprisingly negative (49.5 vs 51.7 expected & prior 51.7) to a low of July 2009. Some of this was blamed on hurricane Sandy which seems to be the ongoing excuse for any poor data point. Construction Spending was higher (1.4% vs .4% expected & prior .6%) also influenced by Sandy.J.P. Morgan (JPM) suggested in a research piece that sales of iPhones could impact 4^th quarter GDP by around 33%. This is quite stunning frankly. At the same time the company is cutting 4^th quarter GDP growth 1.5%. Stocks opened higher early as investors shrugged-off negative fiscal cliff comments from the dueling parties believing instead that a deal will ultimately be reached before year end. But the contradiction remains that economic data continues to weaken and raising taxes now would seem dumb. As the day wore on selling became more apparent even as the GOP submitted a plan to raise to raise revenues and cut spending.Stocks rose initially but then faded as the day wore on especially after the ISM Mfg data was released. As noted in the daily DJIA below you can see how markets are dancing around the 200 day moving average which is an important measure for many investors. The dollar (UUP) was much weaker while commodities were only mildly stronger. In the past, bulls have favored a weak dollar allowing stocks and commodities to rally. Monday didn’t produce that effect clearly. Gold (GLD) rallied only slightly while commodity tracking ETF (DBC) was modestly higher along with oil (USO). Bonds (TLT) were weaker early then rallied into the close leaving things overall mostly unchanged.Not always as reliable as longer term views but in our data base of over 600 indexes and ETFs we have a long list of trend exhaustion indicators from DeMark 9s. This can cause shallow reversals along with some sideways movement. Volume was light as investors are pulling in their horns waiting for Washington to resolve their differences. Breadth per the WSJ was negative…’

Heffernan: Microsoft is back — Why the dorky Apple rival is suddenly cool { Forget cool, when it comes to computers/computing, I’m more concerned with stability and performance. As a critic of Microsoft beyond their breakthrough windows 2000 (professional) and word offerings, I felt compelled to comment here. XP was a dog and deserving of criticism (innumerable problems including acting as a ‘virus magnet’). Quite by ‘accident’, I plugged in an old apple usb mouse and my problems with vista literally disappeared (I then ordered a new usb mouse for right-click, scroll capability). Vista is by far and away superior to xp in every way. It apparently was the legacy mouse and problems created thereby (with ram, resources, cache/processor, etc.) that impaired stability and performance and I’m happy to say thus far, vista (with updates to date) is a solid successor to 2000 and microsoft’s best operating system to date (I have my fingers crossed as I said that … just kidding!). }

Time For Bernanke To Retract His Sworn Testimony To Congress

Submitted by Tyler Durden on 12/03/2012

Three months ago, as part of our ongoing explanation of what happens next to the Fed's balance sheet (which is now established as official canon in advance of the December 12th FOMC, when Bernanke will effectively announce QE4 consisting of $40 billion in MBS and $45 billion in unsterilized TSY purchases as we predicted the day QE3 was announced), we said that "the Fed will continue increasing its 10 Yr equivalents by roughly 12% (of the total market) per year, for at least the next 3 years, at which point it will own 60% of the entire Treasury market. It means that the Fed will monetize all gross long-term issuance every year for the next 3 years." Most looked at the bold sentence without it registering just what it means. Perhaps, now that the "serious" media has finally taken on the topic of applying a calculator to the one driver of all marginal risk demand, it will register a little better: in a Bloomberg story titled, appropriately enough "Treasury Scarcity to Grow as Fed Buys 90% of New Bonds" we read that "the Fed, in its efforts to boost growth, will add about $45 billion of Treasuries a month to the $40 billion in mortgage debt it’s purchasing, effectively absorbing about 90 percent of net new dollar-denominated fixed-income assets, according to JPMorgan Chase & Co." Actually that's incorrect and it is more like 100%. What is however 100% correct is what the bolded means in plain language: it is now accepted that the Fed will outright monetize all gross US issuance. Let us repeat this sentence for those who just had flashbacks to Adam Fergusson's "When money dies." The Fed is now monetizing practically all net new debt. So what did the Chairman say about this absolutely certain eventuality back in 2009 to Congress...

Guest Post: ISM - Outlook Declines

Submitted by Tyler Durden on 12/03/2012

The recent release of the ISM Manufacturing index continues to point to signs of a slowing economy. This (49.5) reading, which is what is reported by the bulk of the mainstream media, is fairly meaningless. Remember, economic change happens at the margins.  Since the PMI is more of a "sentiment" index (it is a diffusion index that measures positive versus negative sentiment on various areas from employment to production to inventories) it is a better used as a gauge about what businesses will likely do in the future based on their current assessment of conditions. The importance of the change in sentiment is lost on most economists who have never actually owned a business.  However, it is clear that the fiscal cliff, the recent storm, and the continuing Eurozone saga are continuing to erode business sentiment.  This erosion in sentiment in turn affects economically sensitive actions such as production, employment and investment.

Total US Debt Hits $16,369,548,799,604.93; Debt Ceiling Just $63 Billion Away

Submitted by Tyler Durden on 12/03/2012

And so the US debt ceiling of $16.394 trillion is now just $64 billion away.

Equities End At Low-Of-Day In Catch-Down To Risk

Submitted by Tyler Durden on 12/03/2012

Europe started to bleed after the Spain bailout debacle but from the open, US markets fell. They plunged on the ISM miss, bounced to VWAP in their wonderfully efficient way, and then spent the rest of the day shaking off the idiocy of last week's window-dressing. S&P 500 futures (ES) fell from 1424 highs to close at the day's lows around 1407 (still around 10 points rich to short-term Treasuries). When the ISM hit we saw Gold rally and Stocks dump to recouple the two assets for the day but overall it was stocks that were harder hit than other risk assets today - though evidently they were also major outperformers last week, so this is catch down as opposed to over-pessimism for now. Stocks were weak today in the face of a weaker USD (correlations breaking down) and a relatively unchanged Treasury market. Gold, Copper, and Oil all closed clustered together just in the green with Silver outperforming and VIX jumped 0.75 vols to 16.6% (highest in two weeks). High-yield credit had quite a day...

As Equity Window Dressing Ends, Treasury Reality Begins

Submitted by Tyler Durden on 12/03/2012

No matter what you were told by the media (or your friendly 'stay fully invested' local wealth-manager), the equity market's exuberant surge of the last few days is evidently one of the clearest month-end window-dressing efforts (to desperately avoid redemptions) that we have seen recently (when put in context of the rest of the world's markets). Who is wrong? Who is right? We suspect we will see the truth (3 F's of US Fiscal Policy) shortly.

Boehner Responds To Obama's "La-La-Land" Offer

Submitted by Tyler Durden on 12/03/2012

There is little detail (more to come) but Boehner's office has just released his rebuttal to Obama's so-called 'un-serious' offer. These numbers do not appear like any change - just as Obama's was no change - so much for compromise. It seems politicians now have zero-beta for the algos - who have given up now the month-end is over...

*BOEHNER DESCRIBES WHITE HOUSE PLAN LAST WEEK AS `LA-LA LAND'

*BOEHNER SAYS HE'S OFFERING `CREDIBLE PLAN' ON FISCAL CLIFF

*BOEHNER SAYS PLAN DESERVES `SERIOUS CONSIDERATION' BY OBAMA

*HOUSE REPUBLICANS PROPOSE $1.4 TRILLION IN SPENDING CUTS

*REPUBLICAN PLAN INCLUDES $800 BILLION IN NEW REVENUE

Full letter below

Guest Post: Storm Front Approaching the Home Builders

Submitted by Tyler Durden on 12/03/2012

There is only one problem with the home builders - expectations are way too high. The builders are not only priced for perfection (as we noted here) by the market, the builders themselves have business strategies that are modeled for perfection. We believe the bar is set at an unattainable level. In summary, the building model is flawed. Here is why.

The Shocking Statistics Behind The Pentagon's Revolving Door 'Policy'

Submitted by Tyler Durden on 12/03/2012

"High ranking generals and admirals earn their stars.  They earn their stripes.  Then, they earn their cash." Citizens for Responsibility and Ethics in Washington (CREW) has just released a fantastic new report on the revolving door between the Pentagon and the private sector, which raises serious concerns not only about ethics and corruption within the defense sector, but also raises issues of national security if retired generals are merely acting as mercenaries once they retire. As Mike Krieger notes: "When I first figured out the gigantic ponzi scheme, theft and fraud within the financial system... I never imagined the same thing goes on in virtually every sector of our corrupt crony capitalist economy... including the military." Absolutely incredible...

GM Channel Stuffing WTF!?

Submitted by Tyler Durden on 12/03/2012

Those who have been reading our 2+ year series tracking the ridiculous "bottom-left to top-right" trend in GM dealer inventory channel stuffing, know all there is to know about the modern day equivalent of AOL (in which the purchases of modern equivalents of "dial up connections" are funded by loans from the US government itself), in both (non government backstopped) business continuity terms as well as in channel stuffing notoriety. Which is why we will present the November update of total dealer "inventory" (which rose to a record for the fresh-start company 788,194, or a record 99K increase in two months) a without commentary, except to say: WTF!?

Howard Marks On Why USA Is Not Greece (Yet)

Submitted by Tyler Durden on 12/03/2012

Oaktree Capital's Chairman Howard Marks went on a rather more politically-positioned rant in his latest missive (pdf here) but one section caught our eye more than others given the current imbroglio:

The bottom line is that if we don't want to be Greece, we can't act like Greece. Something has to be done... and soon. Every year in which we add another trillion dollars to the national debt (and tens of billions to the annual interest bill) - and every year the excessive entitlement promises are allowed to compound - makes it harder to solve the problem.

A dismally honest reflection follows...

JPM Cuts Q4 GDP Forecast to 1.5%, Now Sees iPhone Sales Contribute 33% Of Growth Upside

Submitted by Tyler Durden on 12/03/2012

Remember Michael Feroli? The JPM economist who "predicted" US Q4 GDP would be boosted by 0.5% due to iPhone sales (don't laugh: yes, US GDP, not that of China where the iPhone is actually produced, but the US where the consumer merely incurs more record student loans to be able to afford it)? Well, the same JPMorganite has now cut his Q4 GDP expectation to 1.5% for all the same reasons why we penned the second Q3 GDP revision: namely ugly internals, a surge in hollow government and inventory contributions to "growth", and a collapse in the purchasing power of the US consumer (who somehow is still expected to boost Q4 GDP with iPhone sales). And while there is no mention of the iPhone in his just released downward revision, he still believes the cell phone will provide a boost to Q4 GDP. In other words, of the 1.5% in GDP growth in Q4, the iPhone will account for 33% of this! One really can not make this up.

The Best Performing Assets In November And 2012 YTD

Submitted by Tyler Durden on 12/03/2012

Remember when fundamentals mattered? Neither do we, and why should they: the New Normal market has long since stopped pretending to be able to discount a future that is entirely politically driven, and thus irrational, and the only thing that matters is being able to respond as fast as possible to blinking red headlines. This explains the best performing asset classes on November: at the very top, something one would never expect to see - the Nikkei, which soared on "hopes" the return of politician Shinjiro Abe would mean the nationalization of the BOJ, 3% inflation targeting, and a surge in monetization. And while this is good for Japanese equities, it would crush all local banks who hold the bulk of their assets in JGBs, which would in turn plunge, and likely result in another bank sector bailout, no to mention annihilate pension funding for tens of millions. But such is the new normal.

Manufacturing ISM Plummets To Lowest Print Since July 2009

Submitted by Tyler Durden on 12/03/2012

So much for the 3rd Recovery (or is that 4th?) in the current depression: following the Chicago PMI which posted a solid beat on horrendous internals, today's Manufacturing ISM came in just as expected, at least by those skeptical of all the sugar high economic data the US population was spoon fed in the past few weeks. At 49.5, the headline PMI print was the lowest since July 2009, the biggest miss to expectations of 51.4 in 5 months, and down from 51.7. Also, as most know, as sub-50 print indicates a contraction in the manufacturing space, usually a precursor to overall recession. Particular data points of note: Employment down from 52.1 to 48.4; New Orders slide from 54.2 to 50.3, and in the worst news for GDP Exports declined, Imports rose and Inventories plunged - which was to be expected after a huge inventory build up in Q3 pushed GDP much higher in the period. Expect even more downward GDP recessions on today's ugly data. Finally, while the bulls would love to blame the collapse on Sandy, it was not mentioned anywhere in the release and the ISM's Holcome said just one respondent even mentioned Sandy in the release, which means the manufacturing reality will only get worse as the full impact of Sandy is internalized.

Frontrunning: December 3

Submitted by Tyler Durden on 12/03/2012

Union solidarity rubs up against slow economy in LA port strike (Reuters)

Geithner predicts Republicans will allow higher tax rates (Reuters). And "no risk" of a US downgrade, "no risk"

Geithner takes hard line on fiscal cliff (FT)

Narrowing LDP lead points to Japan post-election confusion (Reuters) - not to mention, USDJPY plunges if LDP loses

Vietnam Says China Must Avoid Trade Weapon in Maritime Spat (Bloomberg)...  and real one, one hopes

Greece unveils bond buyback plan (FT)

ECB Can’t Deliver Spain Spread Rajoy Wants, Wellink Says (Bloomberg)

UK’s euro trade supremacy under attack (FT)

Merkel Signals Debt Write-Off Possible as Buyback Begins (Bloomberg)

ECB's Noyer Says Bond-Buying Plan 'Is Bearing Fruit' (WSJ) - as long as just plan, and not execution.

Fiscal Cliff Headline Manic Depression Set To Continue

Submitted by Tyler Durden on 12/03/2012

Today's "trading", in a repeat of what has become a daily routine, can be summarized as follows: flashing red headline about Fiscal Cliff hope/optimism/constructiveness out of a member of Congress who bought SPY calls in advance of statement: market soars; flashing red headlines about the inverse of Fiscal Cliff hope/optimism/constructiveness out a member of Congress who bought SPY puts in advance of statement: market plunges. Everything else is noise, as is said hope/expectations/constructiveness too since it is increasingly likely nothing will happen until the debt ceiling hike deadline in March, but stop hunts must take place in a market which nobody even pretends is driven by fundamental newsflow. Such as the bevy of PMIs released last night, the key of which was the China HSBC PMI as reported previously, which beat expectations by the smallest of possible increments, at 50.5, but rising to expansion territory and the highest in 13 months, which sent the EURUSD spiking and has kept it in the 1.3030 range for the duration of the overnight session. Sadly, those on the ground in China hardly felt the number was a bullish as EURUSD trading algos around the world, sending the Shanghai Composite to a fresh post-2008 low, closing down over 1% at 1,960. But let's just ignore this inconvenient datapoint shall we?

The Chart That Keeps Ben Bernanke Up At Night

Submitted by Tyler Durden on 12/01/2012

What changed in the last 30 days? Did the world just wake up to the idea that the only way out of this quagmire is a twisted currency war that appears to have re-ignited thanks to Abe's efforts? Something appears to have snapped in the American psyche as the last 30 days have seen the largest physical gold sales on record. Between the search volume for 'bulk ammo' and this, we fear something is afoot and while Congress fiddles as our economy burns, Bernanke going 'back to work' is perhaps what the physical 'horders' are thinking... or maybe they understand, as we noted here, that just as Kyle Bass has confirmed previously, Paper Gold is just like allocated, unambiguously owned physical bullion... until it’s not.

Robert Wiedemer: Awaiting The Aftershock

http://www.zerohedge.com/news/2012-12-01/robert-wiedemer-awaiting-aftershock

Submitted by Tyler Durden on 12/01/2012

The 2007 puncturing of housing market prices and the 2008 financial market swoon are the precedents to two much larger and much more dangerous bubbles. These more pernicious threats are the dollar bubble ("printing money") and the government debt bubble ("borrowing money"). While both are expanding at a sickening pace, in the near term they deceptively make things seem much better than they are. But, like all bubbles, they are unsustainable. The Fed is well-aware of this dire probability, but finds itself increasingly stuck to avoid it. The Fed's main strategic consists completely of "hope". It's backup strategy? "Panic" and thus the need to focus on preservation of purchasing power, and positioning one's financial assets safely before the aftershock arrives.

Lock Your Doors And Prepare To Defend Your Family

http://theeconomiccollapseblog.com

http://albertpeia.com/lockdoorsanddefend.htm

Monster Sinkholes An Indication That Major Earth Changes Are Coming Along The New Madrid Fault?

http://endoftheamericandream.com

http://albertpeia.com/monstersinkholesearthquakescoming.htm

UN Control Of The Internet Would Mean UN Control Of Free Speech

http://thetruthwins.com

http://albertpeia.com/uncontrolofinternetfreespeech.htm

11-30-12 Dave’s Daily: http://www.etfdigest.com ‘DUELING TALKING POINTS ON CLIFF 11-30-12 Friday was the last trading day on the month and as usual portfolio managers were keen to do a little window dressing. The news backdrop wasn’t supportive of a rally but the financial media was determined to spin it that way. First, Personal Income & Spending was weak (Income flat & Spending -.2%) but that was blamed on Sandy. But ,we should remember that Sandy was only a three-day event at the end of October. It’s just as logical to assert spending increased late in the month as store inventory was wiped out before the storm. Second, the Chicago Purchasing Managers Index (PMI) came in at 50.4 vs 50.3 expected, and was spun as a positive until you looked at the details. New orders showed significant monthly contraction (45.3 vs 50.3) and prices paid were much higher. This means that companies are paying more for raw materials and other goods and most likely will pass them on to their customers, which will either compress profit margins or be inflationary. We limped into the close of trading Friday with markets little changed overall. The dollar (UUP) was flat but gold (GLD) once again saw more selling. Commodities (DBC) once again were higher with gains in base metals (DBB) and oil (USO). Bonds (TLT) were slightly lower. Stocks were led higher by a narrow group too difficult to even list. As a consequence this post is quite short. For members there is long list of DeMark sequential set-up 9s now posted. I prefer weekly views but the daily can provide a heads up that a reversal in trend could be coming even if it would be short-term in nature. Also, as we approach the year end, and with so many U.S. equity ETFs to choose from you might benefit from our ebook: The Best ETFs: U.S. Equities Both Obama and republican leaders made speeches for the benefit of their respective base. Treasury Secretary Geithner had the unenviable task of delivering the WH opening (or at least public) proposal for the fiscal cliff. As noted last night it consisted of $1.6 trillion in new taxes, including eliminating the dividend preference to ordinary income, launching a $50 billion stimulus (as yet defined or for whom) but little in the way of spending cuts. Mitch McConnell is reported to have burst out laughing at this which in itself is funny. Volume was light as stocks were well marked into the close. Breadth per the WSJ was mixed…’

America's 10 best-run
and worst-run states Marketwatch
North Dakota (left) is the best-run state, according to 24/7 Wall St.'s analysis. { Yes, indeed! I can attest to the worthiness of jersey and california on the worst-run list. Yet, new york/connecticut with their (ny predominantly…connecticut is but a suburb of new york in a very ‘go along to get along’ way … then there’s the other beltway drain, virginia, a d.c. suburb with all d.c.’s faults.) large scale, nation draining corruption including wall street frauds/bailouts, etc., should make this relatively short list. }

The Big Turning Point Has Finally Hit

November 30, 2012 http://gainspainscapital.com

http://albertpeia.com/turningpoint.htm

Wake Up! 11 Facts That Show That Europe Is Heading Into An Economic Depression

http://theeconomiccollapseblog.com

http://albertpeia.com/11factseuropedepression.htm

34 Signs That America Is In Decline http://albertpeia.com/34signsamericaindecline.htm

The One Time When More Is Certainly Not Better

Submitted by Tyler Durden on 11/30/2012

Presented with little comment - except to say, maybe those Mayans were on to something?

China PMI Rises But Misses Expectations For Fifth Month In A Row As Uncertainty Prevails

Submitted by Tyler Durden on 11/30/2012

China's Manufacturing PMI missed expectations, coming in at 50.6 relative to a slightly expansionary 50.8 expectation, and up down from the 50.2 prior. This is the fifth month in a row of missed expectations but it has now risen for three months in a row, to the highest level in 8 months; but has now hovered within 0.6pts of the expansion/contraction knife-edge for six months. The PBOC's index remains above (more positive) than the HSBC version for the 20th month in the last 21 (which remains in the contractionary sub-50 range it has been in for 16 months). With the Shanghai Composite testing Jan 09 lows and the ongoing Reverse Repo delicate bank pumpathon, the relative stabilization in Services and Manufacturing PMIs is confirmed by this evening's data and provides hope for those bidding H-Shares to 16-month highs. Interestingly for all those who remain shocked at the divergence between the Hang-Seng and the Shanghai Composite, it seems clear that A-Shares investors remain skeptical of the PMI-based stabilization of macro and prefer to trust the weaker (and harder to tweak) Industrial Output data.

The Ultimate Fiscal Cliff Cheat Sheet Infographic

Submitted by Tyler Durden on 11/30/2012

The Fiscal Cliff is the name given for the 2013 increase of Federal Government taxes and budget cuts. The Bush-era tax cuts expire and the 2013 "Budget Control Act" kicks in, among other budget cuts & new taxes. The Fiscal Cliff is set to reduce the 2013 US Government budget deficit by roughly half; will remove $607 Billion from economy (GDP), resulting in 4% drop, pushing it back into recession; it can NOT be avoided. It must happen to fix the budget deficit; any delay must be paid for later; it will NOT reduce the US debt, only slow down the growth. The Fiscal Cliff's (new taxes and budget cuts) size and impact are visualized below in physical $100 bills.

Gundlach: "I'm Waiting For Something To Go Kaboom"

Submitted by Tyler Durden on 11/30/2012

Following some well-timed 'suggestions' in Natural Gas and Apple this year, the new bond guru has some rather more concerning views about the future of America. Reflecting on a dismal outlook progressing due to the fact that "Retirees take resources from a society, and workers produce resources", Gundlach has cut his exposure to US equities (apart from gold-miners and NatGas producers) noting their expensive valuation and low potential for growth. In a forthcoming Bloomberg Markets interview, the DoubleLine CEO warns we are about to enter the ominous third phase of the current debacle (Phase 1: a 27-year buildup of corporate, personal and sovereign debt. That lasted until 2008, when Phase 2 started, unfettered lending finally toppled banks and pushed the global economy into a recession, spurring governments and central banks to spend trillions of dollars to stimulate growth) as deeply indebted countries and companies, which Gundlach doesn’t name, will default sometime after 2013. "I don’t believe you’re going to get some sort of an early warning," Gundlach warns "You should be moving now."

European Rescue Mechanism Loses AAA Rating

Submitted by Tyler Durden on 11/30/2012

S&P futures are bleeding back down again after-hours (and EUR -30pips) as Moody's announces the downgrade of the EFSF and ESM from AAA to Aa1. "Moody's decision was driven by the recent downgrade of France to Aa1 from Aaa and the high correlation in credit risk which Moody's believes is present among the ESFS' and ESM's entities' largest financial supporters." Of course, this is nothing to worry about as we are sure that some Middle East sovereign wealth fund will still buy their bonds? Or China? Or Supervalu?

*MOODY'S DOWNGRADES ESM TO Aa1 FROM Aaa, EFSF TO (P)Aa1 FROM Aaa

Not entirely surprising given the underlying rating moves - but yet more AAA-rated collateral bites the dust.

The Most Ridiculous Close To An Unimpressive Week

Submitted by Tyler Durden on 11/30/2012

With a late-day surge into the green for the S&P 500 futures on (as usual) absolutely no news at all (attributed to MSCI rebalancing) - that crossed the entire day's range in the space of 40 minutes, the Dow managed to just hold 13,000 and close green for the week. There was very significant volume and block size into the ramp as it pulled away from risk-assets as only a month-end move can magically achieve. In the same way as last Friday's close was just remarkably silly, today followed the same path - though we note that rates and credit were outperforming stocks most of the day and provided the target for the late-day surge. Once that target was closed, S&P 500 futures then melted-down around the close and after-hours. Utilities were the big winners on the week (+3.5%) as Financials and Energy lost around 0.7%. Silver crumbled to recouple with Gold (down around 2% on the week) while Copper gained 3%. Treasury yields steepened into the close with the 30Y pushing higher but ending -2bps (while the 10Y was -7bps). What a crazy stop-hunting, algo-driven, VWAP-reverting end to a week of political volatility.

Weekly Bull/Bear Recap: Nov. 26-30, 2012

Submitted by Tyler Durden on 11/30/2012

This objective one-stop-shop report concisely summarizes the important macro events over the past week.

Chart Of The Day: The Wageless, Savingsless US Consumer

Submitted by Tyler Durden on 11/30/2012

For a country in which the consumer is responsible for 70% of GDP, one wonders: without savings and without wages where will this "recovery" we hear so much propaganda about and which every investment bank this week went all in on (just like they did in the end of 2010 only to admit their error 4 months later) come from? Because every now and then it helps to step back from the trees and observe the forest. Behold: the forest.

Frontrunning: November 30

Submitted by Tyler Durden on 11/30/2012

Turns out no free lunch after all: Greeks rage against pension calamity (Reuters)

Athens banks told of debt buyback ‘duty’ (FT)

U.N. Gives Palestinians 'State' Status (WSJ)

Obama's Cliff Offer Spurned (WSJ)

Republicans Reject Obama Budget as He Sells It to Public (Bloomberg)

Macau Gangster Who Missed Boom to Be Freed After 14 Years (Bloomberg)

China Economic Optimism Returns in Poll as Xi Beats Hu (Bloomberg)

Spain May Escape European Bailout, Former ECB Board Member Says (Bloomberg)... but they won't

After a bashing, BOJ weighs "big bang" war on deflation (Reuters)

Recession Left Baby Bust as U.S. Births Lowest Since 1920 (Bloomberg)

Japan unveils second Y880bn stimulus package (FT)

RANsquawk EU Market Re-Cap - 30th November 2012

Submitted by RANSquawk Video on 11/30/2012

Israel moves to build 3,000 new homes The plans include future construction in a strategic area where critics warn would kill hopes for a viable Palestinian state. { The never ending story courtesy of the war mongering, illegal nuke-toting, u.n. resolutions/international law scofflaw, war crimes nation israel. } Brzezinski: US must stop following Israel “like a stupid mule” Kevin Barrett | Brzezinski has drawn an unflattering picture of US-Israel relations. { And that goes for the politicians et als as well. Indeed, while there may have been (ie., in the past) a time that blind adherence to the pro-israeli line was a ‘political advantage’, that’s certainly no longer the case. In fact, for all Romney’s contra-indicated pro-israel babble, wobama’s jewish vote from the prior election was unchanged while Romney was hurt among other constituencies fearing a return to the moron bush neo-con/pro-israeli war mongering mindset. } { The unfortunate reality is that while rome burns, the ne(r)o cons fiddle with unreasonable israeli obsessive preoccupations born of paranoia and irrational quest for control of people who america and clinton herself warrant a separate state by way of the 2 state solution. The fact is, america’s problems are too large and grave for attention to israeli contrived, self-interested concerns. The reality is that pervasively corrupt, defacto bankrupt america has neither the time nor the resources to self-destructively ‘dance the tarantela’ with israel. }

11-29-12 Dave’s Daily: http://www.etfdigest.com ‘POLITICALLY DRIVEN MARKET 11-29-12 It’s a cliff-driven news market bringing rapid trading and increased volatility. One day Boehner says something encouraging and the next reverses course. Politicians of both parties, including the WH, have been chirping away and talking to their base. Behind closed doors maybe more serious things are being discussed. The president wants a deal before Christmas. Given his schedule (20 days in Hawaii) would mean December 21^st. In the meantime the chatter will continue and so will the volatility.Given this unique environment of QE and ZIRP, perhaps old reliable indicators and reports lose their impact for now anyway. The respected Economic Cycle Research Index (ECRI) has been forecasting a recession coming since May 2012. And some recent statistics indicate this as true (Today’s Kansas City Fed Manufacturing Data -6 vs -1 expected) but perhaps it’s been hindered or delayed by monetary policies.In overseas news China’s Shanghai markets have fallen to their 2009 lows, reported PEs are below 11 (the lowest since 2011) and brokers will be cutting commissions. Europe was higher on follow through bullishness from previous budget “happy talk” Wednesday. This positive result came even as German unemployment rose to 8 month high. And, Greece remains in the news as Dutch Prime Minister Rutte confirmed yesterday’s “Greece will need more help” message as valid.In the U.S. Jobless Claims remain high (393K vs 390K expected & prior revised higher to 416 from 410K). The consistent higher revisions allow for headline making better “beats” which you see in the financial media. GDP data was reported (2.67% vs 2.8% expected & prior 2%). Within the data were more important data: a massive build in defense spending and a serious decline in consumer consumption. All this is well summarized by Consumer Metrics Institute. In other words, if you look under the hood of the data there isn’t much positive going on. But, looking under the hood isn’t the way algos and bulls roll now. After a miserable New Home Sales report the other day Pending Home Sales brightened the mood (5.2% vs 1% expected & prior .4%).  Some current WH supporters are doing some hypocritical things. For example, Costco (COST) co-founder and Obama supporter, Jim Sinegal, is having a large special dividend payable before the fiscal cliff when a increase in the tax on dividends from 15% would be likely. Note Sinegal owns 2 million shares or $14 million gross windfall. Wynn Resorts and Tyson Foods are doing something similar.Stocks moved about rapidly with each positive or negative comment from politicians promoting positions to their base. Depending on your stomach for volatility you can jump in or stand aside until they work it all out.The dollar (UUP) was lower once again and gold (GLD) recovered much of the previous day’s losses. Commodities (DBC) rose as oil USO) rebounded. Bonds (TLT) were flat for the most part. Stocks were led higher once again by tech (XLK) and social media (SOCL) for example. Helping markets rally throughout the day were previous comments from former Fed Governor William Dudley suggesting QE3 could continue throughout 2013. Lastly the consensus among traders at least a short-term fiscal cliff deal will be had—increase taxes first then deal with spending (not a chance) later.The Fed has shown but not detailed in their holdings of “other” Federal Reserve Assets a little over $200 billion. Most of this may be foreign currencies or securities from overseas. (Spanish Bonds? Who knows?) http://albertpeia.com/daveschart112912.gif Volume was modest and breadth per the WSJ was positive…’

Blizzard of garbage on Wall Street Marketwatch { Indeed! }
As readers get financial news from many more sources, are the business media doing a better or worse job of informing the public? 

Spain Now Faces a Systemic, Societal, and Sovereign Collapse

November 29, 2012 http://gainspainscapital.com

http://albertpeia.com/spainssystemicsocietalsovereigncollapse.htm

34 Signs That America Is In Decline

http://theeconomiccollapseblog.com

http://albertpeia.com/34signsamericaindecline.htm

Is November's Epic Short Squeeze Roundtrip Over?

Submitted by Tyler Durden on 11/29/2012

The broadest US equity indices began to fall following the 2nd Presidential Debate in mid-October, and stabilized after the 3rd Debate. Weakness was well balanced with the 'most-shorted' names staying in sync with the indices (in a more systemic risk-off manner). Hurricane Sandy appears to the beginning of traders pressing the most-shorted names (we would suspect this was beta chasing on expectations of weakness) and then once the election results were known the most-shorted names really outperformed (i.e. fell considerably more than the index). As the chart below shows, just as the Washington 'cone of silence' began, the Russell 3000 had fallen 6% in November (and 8% from the 2nd debate), while the Russell 3000's Most-Shorted Index had dropped almost 10% for the month (and 12% from the debate) for a massive 400bps outperformance. The following two weeks led to today where the most-shorted index has been squeezed 9.25% higher to catch up to the broad Russell 300's performance for the month. As the month closes, the index and its most-shorted names are perfectly in sync and unchanged with one another - thus reducing dramatically the fast-money ammunition for further squeeze potential.

Doug Casey: The US Is Now The United (Police) State Of America

Submitted by Tyler Durden on 11/29/2012

Doug Casey often gets letters from angry readers who accuse him of hating America, disloyalty, and perhaps even treason. The truth is that he loves the idea that was America. It's the United State it has become for which he has nothing but contempt. Where to begin? ...the US Constitution was essentially a coup; the delegates to what we now call the Constitutional Convention were not empowered to replace the existing government – only to improve upon the Articles of Confederation between the then-independent states. The framers of the Constitution drafted it with the notion of a national government already in place, but calmed fears of loss of state sovereignty by calling the new government the "United States of America" – a verbal sleight of hand that worked for over half a century. Then the southern states decided to exercise what these words imply, their right to leave the union... and as the government becomes more powerful, it's completely predictable that everything – including the justice system – will become ever more politicized... As great as a US citizen's risk is in the marketplace these days, the greatest single risk to their wealth and health is the government.

What Is Obama So Afraid Of?

Submitted by Tyler Durden on 11/29/2012

This memo on the official whitehouse.gov website was released the other day and as Mike Krieger notes, it deserves wider discussion. It implies that the Obama Administration may be very worried about the truth getting out about all of their crimes, potentially via leaks from high places.  Read it for yourself, but the language is pretty clear.

Taking Advantage Before Year-End

Submitted by Tyler Durden on 11/29/2012

In America we face our fiscal cliff or perhaps our bungee jump and while no resolution is in sight the one thing that we can hang our hats on is that we will face higher taxes. These may be the ones currently proposed or they may be totally new ones as defined by some sort of compromise. Given this 99% possibility it may be wise and in my opinion it is wise to take some profits now before the end of the year. We would start with bonds that are trading within a hairsbreadth of Treasuries or even through them and redeploy further out the curve in bonds that have some reasonable chance of continued compression. We think the compression will continue as the policy of the Fed and the ECB does not change for some period of time and the flows of money keep forcing the compression. We suggest taking some profits now because of two common sense principles.

Ugly Q3 GDP Confirms Personal Consumption Collapsing; Headline "Growth" Driven By Government, Inventory Accumulation

Submitted by Tyler Durden on 11/29/2012

One glance at today's second read of Q3 GDP may leave some with the false impression that the US economy is soaring, because after sliding to 1.3% in Q2, and after a preliminary read of 2.0% in the first Q3 estimate, today's print, which missed estimates of a 2.8% print, did nonetheless rise to 2.7%. "A stunning success", the administration sycophants would say. Absolutely wrong. Because a quick glance at the underlying numbers shows the true picture of the economy which contracted far more than most expected, with personal consumption collapsing to 1.4% Q/Q, on hopes of a 1.9% rise, and down from 2.0%. In fact, at 0.99% personal consumption expenditures - the core driver of 70% of the US economy - were a tiny 36% of the headline number. Ironically today's second GDP revision was far worse when analyzed at the component level, than the first Q3 estimate, which while lower overall at 2.0%, at least had personal consumption nearly 50% higher at 1.42%, or well over half of the total contribution. So what drove "growth" in Q3? Nothing short of the most hollow and worst components of GDP: Government Spending, which soared to 0.67% of the annualized number, the first positive print in years, and of course, Inventories, which were responsible for 30% of the headline number. Finally, and most importantly, Fixed Investment, aka CapEx, was a meager 0.1%, or the lowest GDP contribution since Q1 2011. Without CapEx there is no corporate revenue growth (and future hiring intentions) period.

4-Week-Average Jobless Claims At 13-Month High As Sandy Effects Gone

Submitted by Tyler Durden on 11/29/2012

While any and every bad data point recently has been summarily dismissed by the 'transitory' effects of Hurricane Sandy, it appears in the deepest darkest reality that there is more of a structural trend to this shift than simply a 'blip'. Claims missed expectations and prior data was revised higher leaving the four-week-average at its highest since October 2011 jumping back over 400k. More critically, when we dig into the details on the DoL site, we find some rather disturbing trends that totally dismiss Sandy effects. For instance, according to the DoL, there were 30.6k fewer initial claims in New York Last week - when this higher aggregate data point is supposed to be due to 'Sandy'. FL, MI, and MA saw the largest increases in claims. It seems blaming this trend-break on Sandy is now a non-starter - fiscal cliff front-running perhaps? Election hangover?

Frontrunning: November 29

Submitted by Tyler Durden on 11/29/2012

As this has been priced in since September 13, it should come as no surprise to anyone: Fed Stimulus Likely in 2013 (Hilsenrath)

Bowles Says Fiscal Cliff Deal Unlikely by End of Year (Bloomberg)

Argentina debt repayment order frozen (FT)

Obama Is Flexible on Highest Tax Rates (WSJ)... not really

Geithner deployed for fiscal cliff talks (FT)

Audit firms Deloitte and KPMG sued in HP's Autonomy acquisition (Reuters)

Euro-Zone Budget Proposal Is Unveiled (WSJ)

EU Nations Clash on Thresholds for Direct ECB Oversight (Bloomberg)

LDP leader Abe: BOJ must ease until inflation hits 3 percent (Reuters)

SNB’s Jordan Says High Swiss Franc Burdens Many Companies (Bloomberg)

EU to launch free trade negotiations with Japan: EU officials (Reuters)

11-28-12 Dave’s Daily: http://www.etfdigest.com ‘BULLISH ALGOS SEIZE THE TAPE 11-28-12 Wednesday started with poor overall news. New Home Sales plummeted missing expectations (368K vs 387K expected & prior revised from 389K to 369K) which was quite a shock. Later the large hedge fund SAC received an SEC Wells Notice meaning charges would soon follow perhaps even implicating Steve Cohen. Rumors followed thereafter indicating there was selling in what might be SAC related positions to meet what was presumed to be their positions. Markets overall fell sharply including financials (XLF) and other sectors with selling widespread. This included a bear raid on gold (GLD) and other metals post options expiration which can often happen as those with big money can squeeze those holders of options now converted to futures contracts. But this selling implied a massive risk-off environment present.To the rescue swooped in Boehner to suggest the fiscal cliff dialogue was moving forward and recent meetings were “constructive”. (Let’s remember Boehner likes trading stocks.) Obama followed shortly with brief comments stating he expected to have a deal done by Christmas. Algos jumped on this news and arrested selling almost instantly. You see they just look at headlines but don’t spend much time looking under the hood. It was a remarkable turnaround confirming who, what and how machines are dominating markets. And the day after Goldman Sachs CEO Lloyd Blankfein visited the White House Thursday Mitt Romney will be having lunch with Obama. He’ll be served crow no doubt.Elsewhere the Fed Beige Book showed economic growth to be modest which seems to remain their primary description over the past 6 months. Markets yawned at the news.Overseas, and probably faster than even the most cynical bear would imagine, German Finance Minister Schauble stated Greece will need more help. Wow, that was quick!  Germany’s most popular tabloid Bild published a scathing rebuke entitled “The Never Ending Story”. In it they state when referring to Greece: “The patient dies and the paramedic goes bustChinese stocks fell to 2009 lows as trading volume is drying in Shanghai. In a contrast the Philippines (EPHE) reported GDP growth at 7.1% vs 5.4% expected & prior 6%) as the country is on a great growth path.In Europe most share indexes recovered from losses before the close in concert with the Boehner/Obama “happy talk”.The dollar (UUP) was nearly unchanged after rallying sharply early in trading. Gold (GLD) as indicated was hit hard by selling which is well-described here. Commodities (DBC) were dragged lower by energy (USO) in a “risk off” pattern little noticed by the stock market clearly. Bonds (TLT) sharply higher early on a flight to quality based on early news reversed course with stock market rally.Volume on this crazy reversal day was higher as shorts were squeezed once again. Breadth per the WSJ was positive…’

All Of This Whining About The Fiscal Cliff Is Pathetic

http://theeconomiccollapseblog.com

http://albertpeia.com/fiscalcliffpatheticos.htm

The EU Just Lost Another Prop

November 28, 2012 http://gainspainscapital.com

http://albertpeia.com/anotherpropplop.htm

The Giant Currency Superstorm That Is Coming To The Shores Of America When The Dollar Dies

Economic Collapse | By recklessly printing, borrowing and spending money, our authorities are absolutely shredding confidence in the U.S. dollar.

Michael Snyder
Economic Collapse
Nov 28, 2012

http://albertpeia.com/giantcurrencysuperstormcoming.htm

The Cost Of Kidding Yourself

Submitted by Tyler Durden on 11/28/2012

Five years ago, every American would have considered a trillion-dollar budget deficit a national tragedy.  If you believe the CNBC parrot show, NOT having a trillion-dollar deficit is now a sure sign of the Apocalypse.  I speak of course of the cleverly dubbed “Fiscal Cliff,” which panicked CNBC apologists are required to mention no less than 5,000 times a day. Creating the illusion of economic growth is easy if you can print money.  It’s a prank you can play on an entire country.  Cut the value of the currency in half and the economy’s size will appear to double.  If it doesn’t, you’re in recession (whether you know it or not).   Cavemen probably understood this concept better than America’s best economic minds.

Europe's Good, Bad, And Ugly Charts

Submitted by Tyler Durden on 11/28/2012

A glimpse at stock prices, sovereign bond prices, and credit spreads and you could be forgiven for believing that (a la Juncker) Europe has turned the corner. The dismal reality is that one by one, market-based signals have been decoupled from reality by repression or plain old jawboning and squeezing. The picture of real fundamentals is considerably worse as these three charts from Bloomberg Briefs show. The Good (financial conditions index at multi-year highs) is merely a reflection of the ECB's transfer of risk and support (and is obviously hindered by the acknowledged failure of transmission mechanisms; which leads to the bad - both consumer and business confidence has decoupled (in a bad way) from markets. All this market-based hope is predicated on eventual joint-and-several-ness and an ECB backstop that seems more promise than premise; the ugly is that Germany (cash-money for the rest of the Euro-slaves) has seen six months in a row of manufacturing orders plunge and nine of the last eleven. Markets aside, fundamental realities suggest yet another hope-based rally due to be faded.

Guest Post: The Madness Of A Lost Society

Submitted by Tyler Durden on 11/28/2012

While we are very far gone at the moment as a society, never forget there are millions of people out there fighting for what is right and we will succeed in ushering in a new and more positive era for life on earth.  These 11 minutes are well worth your time.

Bank of Japan Posts Whopping ¥233 Billion Loss As Its Soaring Balance Sheet Hits Record ¥156 Trillion

Submitted by Tyler Durden on 11/28/2012

But, but, a central bank can never lose money. Bzzzz, wrong. As it just so happens, the world's most tragicomic farce of a central bank, and one which is about to officially lost its (faux) "independence" and become a branch of the Japanese government if the up and coming PM Abe has his way, the Bank of Japan, just reported that in the quarter ended September 30, the Japanese central bank reported an operating loss of ¥183.4 billion, and a net loss of ¥232.9 billion. As a comparison, the loss in the same period in 2011 was "only" 91 billion. This is a harbinger of the total collapse that is the utterly meaningless capital tranche of all central banks will go through before the terminal phase of the global Keynesian experiment is finally completed.  But in the meantime, enjoy this chart of the Bank of Japan's balance sheet returning back to a record ¥156... trillion.

Europe Shrugs Off Harsh Reality On Boehner's Banter

Submitted by Tyler Durden on 11/28/2012

Europe was looking a little dark this morning; EURUSD was sliding, sovereign bonds flat-to-wider, and European stocks and credit were at one week lows. Then Speak Boehner opened his mouth and the correlated world of systemic cliff-on / cliff-off jumped to life and saved the day for all asunder. EURUSD remains down on the day as GGBs lose some hope, credit remains an underperformer but the jerk higher in stocks into the close was just remarkable in its idiocy. The equity move looks far out of line to the rest of risk assets for now...

From Black Friday To White Noise: Why Thanksgiving Sales "Data" Is Biased And Irrelevant

Submitted by Tyler Durden on 11/28/

While the common wisdom, espoused by any and all commission-taking wealth manager looking to up his AUM, is that Black Friday sales (and the anecdotal evidence from self-referential store-owners and CEOs) can tell us about the trend in the economy or they offer some divine extrapolated insight into the year's final sales number. The truth; you can't handle the truth.  As BofAML's Michelle Meyer notes, there is no correlation between total holiday sales and Black Friday sales over the past seven years. In fact, we believe that not only are the early estimates of Black Friday sales insignificant, they can send misleading signals. More fundamentally, Black Friday sales can either signal a healthy consumer or a desperate one, depending on the state of the economy. The bottom line is that we advise fading the Black Friday sales reports, but paying attention to the aggregate holiday sales reports.

Surprise: Right After The Election, New Home Sales Tumble From Downward Revised Two Year High

Submitted by Tyler Durden on 11/28/2012

There are those who may be surprised that last month's number of Seasonally Adjusted New Home Sales, which was then reported at 389K, and which number hit the airwaves days before the Obama reelection, was the highest since April 2010. We are not among them, as we were fully expecting today's number to be a major revision of the September number lower - as just happened, with the whopper of a print revised far lower to 369K - but doubled down with the additional miss of expectations of Seasonally Adjusted annualized new home sales of 390K for October when in reality only 368K were sold. All these numbers are annualized. When observed on an as is basis, in October there was a grand total of 29,000 new homes sold in the entire USA, with the Northeast representing a whopping... 2,000 of this. Oh and of the 29,000 houses sold, 9,000 were not even started. And finally, for those who enjoy pointing out the rise in home prices driven only and exclusively by foreclosure inventory stuffing and removal of all such real estate from the open markets, both the median and average new home price ($237,700 and $278,900) printed at at the lowest since June. Oh wait, we know: Sandy's fault. Which explains all bad data. When the data is good, it is nobody's fault.

SAC Receives Wells Notice

Submitted by Tyler Durden on 11/28/2012

It turns out the topic of today's much expected conference call originating at 72 Cummings Point Road Stamford, is what many already knew yesterday, namely that the SEC has warned SAC that after years and years of pursuits, the enforcer is finally getting close in for the kill, and has sent a Wells Notice, usually a first step before civil charges are filed.

SAC SAID TO TELL CLIENTS IT GOT WELLS NOTICE FROM SEC LAST WEEK

The notice will be filed against the holdco, implying Cohen himself will be implicated, instead of just the CR Intrinsic OpCo where Martoma worker. Usually the SEC does not file Wells Notices without sufficient backing, so this may finally get interesting. But we are not holding our breath. One needs to simply recall how the SEC bungled its CDS insider trading case vs Millennium and Deutsche to see how the endgame here could well be another epic humiliation for the soon to be Schapro-less regulator.

Frontrunning: November 28

Submitted by Tyler Durden on 11/28/2012

Egypt protests continue in crisis over Mursi powers (Reuters)

Greece hires Deutsche, Morgan Stanley to run Greek voluntary debt buy back, sources say (Kathimerini)

Executives' Good Luck in Trading Own Stock (WSJ)

Hollande Presents Mittal Nationalization Among Site Options (Bloomberg)

Eurozone states face losses on Greek debt (FT)

Spain's rescued banks to shrink, slash jobs (Reuters)

EU Approves Spanish Banks' Restructuring Plans (WSJ)

At SAC, Portfolio Managers Are Treated Like Stocks (BBG)

China considers easing family planning rules (Reuters)

European Court to Rule Over ECB’s Secret Greek File (BusinessWeek)

And another top tick indicator: Asia Funds Buy London Offices in Bet Volatility Is Past (Bloomberg)

Harvard Doctor Turns Felon After Lure of Insider Trading (BBG)

Zucker Is Lead Candidate to Head CNN (WSJ) - it's not true until CNN misreports it

Iran "will press on with enrichment:" nuclear chief (Reuters)

11-27-12 Dave’s Daily: http://www.etfdigest.com ‘GREECE IS FIXED... SO THEY SAY 11-27-12 Eurozone finance ministers, including the troika, have finally fixed the Greek debt issues. Really? Yep, that’s what the PR releases and bullish headlines suggest. So what’s the deal? From what we know Greece won’t have to make payments on these loans for 10 years, interest rates will be significantly reduced and the ECB will be buying their bonds. Significantly, this means Greece will get its €50 billion next week to avert a major default. The downsides of the deal are the so-called “firm commitments” Greece must adhere to on austerity and other goals to meet certain targets. These include a debt to GDP ratio of 175% in 2016, 124% in 2020 and 110% or lower by 2022. It’s all well summarized byMark Grant here who calls it a fairy tale. I would observe most of the deal participants will not be around in 10 years and have merely kicked the can down the road. There was initial relief on the settlement since algos really don’t have the time to look under the hood at the details these days.Meanwhile the OECD has now estimated the eurozone to have -.4% GDP growth in 2013 and estimated U.S. GDP down to 2% from previous 2.5% estimate. Their recommendation naturally is for more monetary easing and stimulus. If the fiscal cliff should occur then all bets are off. India is experiencing slower GDP growth by their standards 5.3% vs 5.6% and higher inflation over 7%. The political will there has become fragmented making solutions as difficult there as elsewhere. But on the news, stocks rallied…snicker.Durable Goods Orders were flat at 0% but beat some estimates. Consumer Confidence rose slightly to 73.7 vs prior 73.1. Case-Shiller Home Price Index showed small continued gains of .4% vs .5% previous and 4% YTD increases overall. The Richmond Fed Mfg Index increased substantially (9 vs -8 expected & prior -7) offsetting yesterday’s stinker from Dallas. The Fed is now fully engaged with POMO activities injecting $5.7 billion to primary dealers.SAC hedge fund will have a conference call with their investors Wednesday to assuage concerns and reassure them that Steve Cohen had absolutely nothing to do with insider trading and it’s something they’ve never done before or will do in the future. There is the small matter of $275 million in profits that need to be returned which will come out of investors’ pockets theoretically. Perhaps Steve will cover it out of his pocket which he can easily do. I guarantee you there will be news reported about this via leaks from third parties.Stocks in the U.S. fell as fresh worries about the fiscal cliff emerged not based on anything specific other than investors rediscovered its existence. But we really shouldn’t worry since GS Blankfein will be doing more of God’s work in a scheduled meeting with Obama. Leading the way lower were miners (XME) and financials (XLF). Bonds (IEF) were mildly positive. The dollar (UUP) was stronger and gold (GLD) was weaker. Commodities (DBC) and oil (USO) were also weaker on the stronger dollar.Volume overall remains weak but was lighter Tuesday on selling. Breadth per the WSJ was negative…’

Student loan delinquencies hit new high Marketwatch

Drudgereport: PRAVDA: Obama 're-elected by illiterate society'... { Or ill something or other in addition to illiterate! To reiterate and quote Ron Paul: america’s far gone! http://albertpeia.com/obamberthemistake.htm }

UN EYES CONTROL OF INTERNET { Come on! The un can’t even do what they are supposed to do! Enforce resolutions as to some nations, not others … war crimes delineated for some nations, not others … then the corruption, wasted resources, etc.. They are the ‘uncompetent’ bent on destroying/controlling the viability of the important free flow of information! }

Behind the Scenes, Germany is Already Preparing For a Grexit

November 27, 2012 http://gainspainscapital.com

http://albertpeia.com/germanypreparesforgrexit.htm

‘…This is simply not going to happen. Germany will play ball with the EU by signaling its efforts to keep things together, but the German’s have in fact been implementing a contingency plan for nearly one year now.

I broke this story in February 2012. I haven’t seen it mentioned anywhere else. I wrote:

…Germany has put into place a contingency plan that would permit it to leave the Euro if it had to.

As a brief recap, this contingency plan consists of:

#1)    Legislation that would permit Germany to leave the Euro but remain a part of the EU.

#2)    The revival of its Special Financial Market Stabilization Funds, or SoFFin for short, to which Germany has allocated 480€ billion Euros to in the case of a banking crisis (the fund will also permit German banks to dump their euro-zone government bonds if needed).

This occurred back in February. And Germany now has a formal working group assessing the cost of a Grexit? The EU is on borrowed time. I mentioned earlier this year that German tourism companies have put contingency plans for the return to the Drachma in the contracts for their Greek subsidiaries. However, now even large US-based multinationals are implementing contingency plans for a Grexit.

The list includes JP Morgan, Bank of America Merrill Lynch, Visa, PricewaterhoursCoopers, Boston Consulting Group, Juniper Networks, and others.

Buckle up, things are about to get ugly.

This is why I’ve been warning that 2008 was just the warm-up. What is coming will be far far worse…’

The Scariest Chart Of The Quarter: Student Debt Bubble Officially Pops As 90+ Day Delinquency Rate Goes Parabolic

Submitted by Tyler Durden on 11/27/2012

We have already discussed the student loan bubble, and its popping previously, most extensively in this article. Today, we get the Q3 consumer credit breakdown update courtesy of the NY Fed's quarterly credit breakdown. And it is quite ghastly. As of September 30, Federal (not total, just Federal) rose to a gargantuan $956 billion, an increase of $42 billion in the quarter - the biggest quarterly update since 2006. But this is no surprise to anyone who read our latest piece on the topic. What also shouldn't be a surprise, at least to our readers who read about it here first, but what will stun the general public are the two charts below, the first of which shows the amount of 90+ day student loan delinquencies, and the second shows the amount of newly delinquent 30+ day student loan balances. The charts speak for themselves.

Head Of The Fed's Trading Desk Speaks On Role Of Fed's "Interactions With Financial Markets"

Submitted by Tyler Durden on 11/27/2012

In what is the first formal speech of Simon "Harry" Potter since taking over the magic ALL-LIFTvander wand from one Brian Sack, and who is best known for launching the Levitatus spell just when the market is about to plunge and end the insolvent S&P500-supported status quo as we know it, as well as hiring such sturdy understudies as Kevin Henry, the former UCLA economist in charge of the S&P discuss the "role of central bank interactions with financial markets." He describes the fed "Desk" of which he is in charge of as follows: "The Markets Group interacts with financial markets in several important capacities... As most of you probably know, in an OMO the central bank purchases or sells securities in the market in order to influence the level of central bank reserves available to the banking system... The Markets Group also provides important payment, custody and investment services for the dollar holdings of foreign central banks and international institutions." In other words: if the SPX plunging, send trade ticket to Citadel to buy tons of SPOOSs, levered ETFs and ES outright. That the Fed manipulates all markets: equities most certainly included, is well-known, and largely priced in by most, especially by the shorts, who have been all but annihilated by the Fed. But where it gets hilarious, is the section titled "Lessons Learned on Market Interactions through Prism of an Economist" and in which he explains why the Efficient Market Hypothesis is applicable to the market. If anyone wanted to know why the US equity, and overall capital markets, are doomed, now that they have a central planning economist in charge of trading, read only that and weep...

Is JPMorgan About To Take Over America, Again?

Submitted by Tyler Durden on 11/27/2012

Great and wondrous things seem to be afoot among the righteous bankers of the world. A few months ago Matt Zames was named to get JPMorgan's CIO office out of trouble - and also happens to be the Chairman of the all-powerful Treasury Borrowing Advisory Committee. Just yesterday, Mark Carney completed Europe's full-house of ex-Goldman Sachs alum running the region's monetary policy. Today we hear Lloyd Blankfein will be sidling up to Obama tomorrow. And now this; from the never-crony-capitalist himself, billionaire Warren Buffett has publicly blessed Jamie "apart from the failure of control" Dimon as the best man for the top job at the Treasury. "If we did run into problems in markets, I think he would actually be the best person you could have in the job," Buffett added (sounding more like the 'we' meant he) and dismissed the London-Whale "failure of control" with sometimes "people go off the reservation." With Zames running the Shadow Treasury and Dimon running the Real Treasury, is it any wonder that inquiring minds are asking who really runs America (and for whom)? Of course, in the pre-Fed era - over 100 years ago, JPMorgan Sr. 'bailed-out' America before...

14% Of S&P 500 Earnings Is "One Time Write Off" Vaporware

Submitted by Tyler Durden on 11/27/2012

With everyone now well aware that revenues of S&P 500 companies have taken a turn for the worse and are declining for the second consecutive quarter (with well over a majority missing sellside estimates and trimming Q4 guidance), many are wondering: how can corporate EPS continue to grow, even if nominally? Are there really so many people left to be laid off? The answer, to the latter, is no, for the simple reason that it is not layoffs that have driven the upward persistency in corporate earnings. Then what has? Simple: when in doubt, "charge it" - this axiom seems to work not only for cash strapped consumers, but for corporations who know very well that when unable to satisfy earnings estimates using regular way earnings, companies can just write off "one time charges" and get the going concern EPS benefit for such an action.In fact, as the table below shows, a whopping 14% of all 'pro forma' 2012 EPS will be due to "one time write offs" - the highest proportion of total earnings since 2009!

When Work Is Punished: The Tragedy Of America's Welfare State

Submitted by Tyler Durden on 11/27/2012 Exactly two years ago, some of the more politically biased progressive media outlets (who are quite adept at creating and taking down their own strawmen arguments, if not quite as adept at using an abacus, let alone a calculator) took offense at our article "In Entitlement America, The Head Of A Household Of Four Making Minimum Wage Has More Disposable Income Than A Family Making $60,000 A Year." In it we merely explained what has become the painful reality in America: for increasingly more it is now more lucrative - in the form of actual disposable income - to sit, do nothing, and collect various welfare entitlements, than to work. This is graphically, and very painfully confirmed, in the below chart from Gary Alexander, Secretary of Public Welfare, Commonwealth of Pennsylvania (a state best known for its broke capital Harrisburg). As quantitied, and explained by Alexander, "the single mom is better off earnings gross income of $29,000 with $57,327 in net income & benefits than to earn gross income of $69,000 with net income and benefits of $57,045."

Chart Of The Day: Continued Collapse In Capital Goods New Orders Confirms US Is In Recession

Submitted by Tyler Durden on 11/27/2012

While the just released Durable Goods orders report for October came in modestly better than expected (which many thought would be a decline due to Hurricane Sandy), the primary driver of this continues to be record durable good inventory accumulation. Excluding the noise, and focusing only on real, non-noisy economic strength metrics such as New Capital Goods Orders (technically defined as the year over year change in Non-Defense Capital Goods Excluding Aircraft), a very different and far uglier picture emerges. In fact, the October Y/Y Plunge of -8.1% in this major indicator was the biggest drop since 2009.

Frontrunning: November 27

Submitted by Tyler Durden on 11/27/2012

OECD slashes 2013 growth forecast (FT)

Fiscal Cliff Compromise Elusive as Congress Returns (Bloomberg)

China’s PBOC Chief Search Spurs Focus on Finance Regulators (Bloomberg)

Elected, but Still Campaigning (WSJ)

Pentagon Readies Options for Afghanistan Force After 2014 (Bloomberg)

Greece Wins Easier Debt Terms as EU Hails Rescue Formula (Bloomberg)

Monti presses Cameron for EU referendum (FT)

Welcome, Mr Carney – Britain needs you (FT)

Argentina seeks halt to $1.3bn debt order (FT)

Asean chief warns on South China Sea disputes (FT)

South Korea Tightens FX Rules to Temper Won Surge (WSJ)

11-26-12 Dave’s Daily: http://www.etfdigest.com ‘GREECE & FISCAL CLIFF VIE FOR CREDIBILITY 11-26-12 The new week begins with more late night negotiations in the eurozone for the umpteenth iteration for a Greek fix. Most of the deal choices finance ministers have considered appear unsubstantial like accepting Greek bonds as collateral for aid or lowering interest repayments and etc. But no matter ministers will spin whatever they do as successful. They may even launch more meetings with some bridge loan to buy time.Meanwhile in the U.S. politicians are digging in for some tough negotiations for the fiscal cliff. Even if there’s a brief trip over the cliff something will be done to “save the day” before we splat. Taxes will go up, perhaps second home deductions will disappear and some token cuts (mostly to defense) will appear. In Japan there’s a spirited battle taking place about Bank of Japan policies regarding easing policies including QE. To quell the dispute the current head asserted easing alone won’t solve the problems facing the economy. And in more debt related news Argentina continues to saying no to honoring its debts. This is an easy sell to the populace in many South American countries.Taken together these should remind everyone the debt pickle the world is in. Lastly from overseas the Bank of England announced a successor to Merwyn King by naming former, wait for it…Goldman Sachs honcho Mark Carney as its new head. Carney at one point during his tenure with GS was advising Russia on its debt situation during its financial crisis while at the same time the company was shorting Russian debt. So I guess he’s qualified to deal with sovereign debt issues as GS starts to take over most of Europe and other central banks.The post mortem (beyond those shoppers getting maimed, maced or killed) on Black Friday shopping remains mixed. Some believe the week’s total sales overall were very good when including Thursday and online sales.Economic data in the U.S. showed a shockingly poor Dallas Fed Survey (-2.8 vs 4.7 expected & prior 1.8) meaning economic growth was in decline. And the Fed is busy with bond buying QE now which you can view here.In hedge fund follies, Mathew Martoma is either going to jail or will make a deal with authorities to give up a higher up at SAC for his record insider trading activities. That could get very interesting. The dollar (UUP) was flat while gold (GLD) also did little. Bonds (IEF) and (TLT) recovered from the previous week’s losses. Commodities (DBC) were modestly lower taken down mostly by energy and oil (USO) while base metals (JJC) were unchanged. Stocks were led higher by tech (XLK) while retail (XRT) and (XLY) were weaker. Volume didn’t improve significantly after the ridiculously light affair from the holiday week. Breadth per the WSJ was mixed…’

Enjoy the Holidays, Because Next Year Will Be Horrific

November 26, 2012 http://gainspainscapital.com

http://albertpeia.com/horriffic2013.htm { Indeed, it will be! }

‘This is going to be a very special holiday season. The reason? It’s the last hurrah before things get very very ugly.

Just off the cuff, you need to know that:

1)   China, the EU, and the US (comprising over 50% of Global GDP) are in recession already. The EU has already announced this. Look for the formal announcements concerning the US and China to hit the airwaves next year.

2)   Some data points concerning these nations indicate that this recession will be on par with that of 2007-2008.

A rising tide raises all ships. Similarly, a sinking tide lowers everything. Bear this in mind as a global economic contraction will have severe implications for everything.

Beyond the global economy, we now face sovereign and banking crises in Europe…’

Hungry For The Holidays: 20 Facts About Hunger In America That Will Blow Your Mind

http://theeconomiccollapseblog.com

http://albertpeia.com/hungryfortheholidays.htm

Will The Peak Of The Solar Cycle In 2013 Produce Technology Crippling Solar Super Storms?

http://endoftheamericandream.com

http://albertpeia.com/cripplingsolarstorms.htm

Egyptian Stocks Plunge 9.6% As 'Islamofascism' Rises; Clashes Escalate

Submitted by Tyler Durden on 11/25/2012

Egyptian stocks cliff-dived by their most since the Arab Spring in January 2011 as Morsi's reach-for-omnipotence sends concerned ripples through the nation that they have replaced 'military fascism' with so-called 'islamofascism'. Tensions are rising once again in Tahrir Square, but as Russia Today notes in this clip, the new regime is somewhat more heavy-handed than the previous one in its control of protesters. Critically, the Musilm Brotherhood's opposition forces, who have been quite divided recently, are joining to fight the common enemy as clashes between pro-Morsi and anti-Morsi forces are erupting. Perhaps just as worrisome as the social unrest is the fact that Egypt's Stock Exchange Director Said Hisham Tawfiq fears "Egypt announces bankruptcy within 3 months in the case of the continuation of the current situation," though we note Egypt CDS are near 16-month lows.

Fiscal Cliff Update: 'Little Progress Toward A Compromise In Past Ten Days"

Submitted by Tyler Durden on 11/25/2012

Two Fridays ago, just as AAPL was in danger of plunging below the absolute last support level of $500 after which freefall for it and the entire market begins, a truly unexpected deus ex machina appeared for those still clinging to long stock positions: politicians, in this case John Boehner and Nancy Pelosi, who held a press conference in which they defined the recently launched "Fiscal Cliff" talks as "constructive." In reality, this appearance was nothing but a photo opportunity for talking heads (as explained in "Risk Ramp on Boehner Banality"), and one which as Nancy Pelosi herself admitted later, served simply to halt what then looked like an assured free fall in the markets. Since then the ongoing rally in stocks and the EURUSD has been predicated on the "constructiveness" of the talks actually being real. Judging by the latest update from Reuters, Goldman will likely be right, if only in the short term. As Reuters admits, " U.S. lawmakers have made little progress in the last 10 days toward a compromise to avoid the harsh tax increases and government spending cuts scheduled for Jan. 1, a senior Democratic senator said on Sunday." That this update comes after the "big" market swoon into the recent lows from November 16, is certainly cause for alarm, because it means that at least one more violent market whipsaw to the downside will have to take place before there is any cliff progress to report.

Retailers Blame Drop In Black Friday Sales On Black Thursday

Submitted by Tyler Durden on 11/25/2012

With all bad news on the tape now having a suitable "explanation", be it a prior president, a tropical storm, the weather being too hot, the weather being too cold, the weather being just right, but never, ever someone actually taking blame for the fact that life is what happens when corporate CEOs (and sovereign presidents) are busy making "priced to perfection" plans. So it is with what is now a confirmed flop of a Black Friday, which according to ShopperTrak saw sales drop by nearly 2% to $11.2 from 2011, which in turn was a 6.6% gain over 2010 (and would be revised to far lower once all the refunds and exchanges to cash took place in the two weeks later). This occurred despite a 3.5% increase in retail foot traffic to 307.7 million store visits. The nominal drop in retail sales also occurred despite a nearly 1% increase in the total US population over last Thanksgiving, and a 2% Y/Y inflation. But fear not: the ad hoc excuse for this "surprising" loss in purchasing power is already handy: it is all Black Thursday's fault, or the latest idiotic attempt by retailers to cannibalize their own future sales by diluting the exclusivity of Black Friday, and which will force all retailers to follow the sovereigns in a race to the bottom, as soon every day will be the equivalent of Black Friday. But at least retailers have another 364 years worth of excuses for the conceivable future to excuse any and all store weakness. Next year: it's all Black Wednesday's fault.

Europe Demands Nationalized Spanish Banks Fire 8,000 To Transfer First Bank Bailout Tranche

Submitted by Tyler Durden on 11/25/2012

For those still unsure why Spain PM Mariano Rajoy is fighting tooth and nail to avoid requesting an official activation of the ECB's SMP reincarnation: the OMT, which is a conditional bond buying program supposedly pari passu with the private market (but not really) here is an explanation. While Spain already requested, and received, a bailout of its banking system, which according to eronous analyses by firms such as Oliver Wyman will be at most €60 billion, and which according to others (such as us) will eventually end up costing orders of magnitude more once the green light for extortion is open for the New Normal modified vigilantes, said bailout would come with full conditions. Today we learn what a major condition of the first bank bailout tranche disbursement will be. It should come as no surprise to our readers- recall that in May when discussing the absolute lack of any actual austerity implementation we said, that "In fact, the epicenter of the current meltdown - Spanish banking - has seen only de-minimus headcount reduction over the past few years - so who is tightening their belts?" It seems someone at the Troika was paying attention, because as El Pais reported, European condition number 1 will be an epic bloodbath of pink slips come Monday, with Spanish banks expected to fire thousands of bank workers immediately and shut down 1,000 branches.

Montana GOP Rep.: "Pay Me In Gold Before Dollars Have No Value"

Submitted by Tyler Durden on 11/24/2012

Jerry O'Neil, six-term GOP state representative in Montana, has asked to receive his salary (which at $10.33 per hour is around $1800 per month) in gold or silver. The long-standing legislator was driven to this decision by his constituents' concerns about the nation's massive debt-load and fears of our country's collapse as "only so many dollars can be printed before they have no value." The long-time Ron Paul supporter, according to Time, cited Article 1, Section 10 of the US Constitution, which says, in part, that "No State shall... make any Thing but gold and silver Coin a Tender in Payment of Debts." State administrators have denied his request and added that "a bill could be introduced to accomplish this result." O'Neil, like many other, believes "The Keynesian era of financing government with debt appears to be close to its demise."

Chart Of The Day: LEI - Leading-To-Lagging Ratio

Submitted by Tyler Durden on 11/24/2012

While the general consensus from the media, and the majority of analysts, is that the U.S. economy will avoid a recession - there have been numerous indicators that have continued to point to deterioration in the economic fabric.  Most recently industrial production in the U.S. dropped sharply, along with capacity utilization rates, due to the growing recession in Europe, and slowdown in China, which has impacted exports from domestic manufacturers. While it is not popular within the media, or blogosphere, to point out economic concerns but rather why markets are going to engage in a continued bull market - the simple reality is that by the time the NBER announces an official recession it will be far to late for investors to minimize the damage.  The leading-to-lagging ratio continues to point to an economy that has very little, if any, actual momentum which leaves it very susceptible to exogenous shocks.

"Survival Of The Fattest": It's A Fat, Fat World After All

Submitted by Tyler Durden on 11/24/2012

Back in March, we first presented a rather stunning finding: by 2020 75% of Americans will be obese or overweight. This was promptly followed up with a post showing just how it is transpired that America became the fattest nation in the world in less than 20 years. What however may not be known, is that America's fatness epidemic is not localized to the country that gave the world the McDonalds burger (and the McMansion): it really is a fat, fat world, after all.

Guest Post: CFNAI: Not Seeing The Growth Economists' Predict

Submitted by Tyler Durden on 11/26/2012

Many economists are suggesting that the second estimate of Q3 GDP, which showed an initial estimate of 2.0% annualized growth, will be revised sharply upward to 2.8%. The problem is that the surge in demand isn't materializing at the manufacturing level.  The month-over-month data has begun to show signs of deterioration as of late which doesn't support the idea of a sharp rebound in economic activity in recent months. The headwinds to economic growth are gaining strength as the tailwinds from stimulus related support programs fade. This has been witnessed not only in the manufacturing reports, such as the CFNAI and Dallas Fed Region surveys where forward expectations were sharply reduced, but also in many of the corporate earnings and guidance's this quarter.

Holiday Hangover Remains As Light Volume Lifts Equities To Exuberant Unch Close

Submitted by Tyler Durden on 11/26/2012

Broadly speaking, risk markets seemed stuck in tryptophan-mode today but as always it was stocks that used a mediocre volume day to squeeze the odd name here or there. Facebook and Apple were the wunder-kind once again (with the latter now up almost 17% from its swing lows at its 30DMA and a 38.2% retrace of the high-to-low move). The Apple gain moved the Nasdaq into the green (for the sixth day in a row) but the S&P 500 (despite its best efforts into the close) was unable to reach green after overnight weakness. S&P 500 futures did managed to cross into the green (fill the gap) as the day-session closed but Treasury yields were lower all day and signaled considerably less exuberance. FX markets oscillated in ever-decreasing ranges as everyone waits for the next eurogroup bullgasm. Commodities wondered aimlessly with Oil down and Copper up and gold/silver either here nor there. VIX rose modestly to 15.5% by the close as credit markets overall underperformed stocks. 

Frontrunning: November 26

Submitted by Tyler Durden on 11/26/2012

Goldman Turns Down Southern Europe Banks as Crisis Lingers (Bloomberg)

Euro Ministers Take Third Swing at Clearing Greek Payment (Bloomberg)

Chamber Sidestepped in Obama’s Talks on Avoiding Fiscal Cliff (Bloomberg)

Republicans and Democrats Differ on Taxes as Fiscal Cliff Looms (Bloomberg)

Republicans bargain hard over fiscal cliff (FT)

Catalan Pro-Independence Parties Win Regional Vote (BBG)

Shirakawa defends BoJ from attack (FT)

Run-off looms in Italy’s centre-left vote (FT)

BOJ rift surfaces over easing as political debate heats up (Reuters)

Barnier seeks ‘political will’ on bank union (FT)

New BOJ Members Sought More-Expansionary Wording (Bloomberg)

Osborne May Extend U.K. Austerity to 2018, IFS Says (Bloomberg)

11-23-12 Dave’s Daily: http://www.etfdigest.com ‘HEDGE FUNDS STRUT THEIR STUFF 11-23-12 I’ll keep this commentary short until I write for members tomorrow. Basically here is what’s happening: hedge fund SAC has allegedly been dominating 10% of daily trading on NYSE. With markets oversold heading into the holiday week and volume collapsing, SAC (and presumably others) trading participation as a percentage of total volume no doubt soared. This meant those stocks with the most short interest and trailing resting stops were easy pickings for a squeeze. The magnitude of the squeeze was impressive even as there was little supportive bullish news. It’s just further evidence of market manipulation…’

This the Last Push Before the Big Collapse?

November 23, 2012 http://gainspainscapital.com

http://albertpeia.com/lastpushbeforebigcollapse.htm

Black Friday Riots A Preview Of The Civil Unrest That Is Coming When Society Breaks Down?

http://theeconomiccollapseblog.com

http://albertpeia.com/blackfridayriotscivilunrestpreview.htm

Thong-Hungry Throng Of Teenage Girls Crash Victoria's Secret

Submitted by Tyler Durden on 11/23/2012

No, this is not a screaming herd of wild teenage girls awaiting the arrival of Justin Bieber or One Direction - this is Black Friday at a Victoria's Secret in Kansas... amazing that America has come to this.

Will LGIVs Be The 'Straw' To Break China's Credit-Fueled Growth 'Back'?

Submitted by Tyler Durden on 11/23/2012

We presented a detailed look into China's credit bubble earlier this week and why serial-extrapolators may well have to adjust their strategy calls sooner rather than later; but the more we look around in the detritus of China's non-centrally-issued datasets, the more concerned we become. To wit, the major issuance of local government investment vehicles (LGIVs) in the last few months to stabilize growth amid falling fiscal revenue growth. The unintended consequence of PBoC-sponsored debt restructurings (as Barclays notes, rolling over debt via the issuance of new products or buyouts by asset management companies) is creating a false sense of security for these instruments, reinforcing the belief of an 'implicit government guarantee'. We tend to agree with Barclays when they conclude that the underestimation of the credit risks in both the trust loans and bond markets could induce excessive risk-taking - and warrants extremely close monitoring.

Guest Post: Be Careful Jumping On Bernanke's Bandwagon

Submitted by Tyler Durden on 11/23/2012

Markets initially sold off on Tuesday as Bernanke's speech gave no mention of further easing programs; but rebounded on his closing remarks, which the media latched on to, regarding optimism about economic growth in 2013. This was welcome news - as long as you don't think about it too much. With debt levels continuing to spiral higher, which acts as a governor on economic growth due to the debt service requirement, the question of a return of economic growth becomes much more cloudy. The problem for Bernanke comes down to his inability to provide realistic economic forecasts as the Federal Reserve faces a severe 'communications' challenge, which is the creation of a self-fulfilling prophecy. Imagine that following an FOMC meeting Bernanke stated:

"The policies and actions that we have implemented to date have done little to curb economic weakness. The economy is in much worse shape that we have previously communicated as the transmission system of Fed policy through the economy, and the financial markets, is obviously broken."

The immediate reaction to such a statement would be a complete meltdown of the financial markets.

Is An 18% JPY Devaluation The 'Best-Case' Scenario For Abe's 'New' Japan?

Submitted by Tyler Durden on 11/23/2012 The JPY dropped 1.3% against the USD this week for a greater-than-6% drop since its late-September highs as it appears the market is content pricing Abe's dream of a higher inflation-expectation through the currency devaluation route (and not - for now - through nominal bond yields - implicitly signaling 'real' deflationary expectations). In a 'normal' environment, Barclays quantified the impact of a 1ppt shift in inflation expectations from 1% to 2% will create a 'permanent inflation tax' of around 18% (which will be shared between JPY and JGB channels). However, as we discussed in detail in March (and Kyle Bass confirmed and extended recently), the current 'Rubicon-crossing' nature of Japan's trade balance and debt-load (interest-expense-constraint) mean things could become highly unstable and contagious in a hurry. When the upside of your policy plans is an 18% loss of global purchasing power, we hope Abe knows what he is doing (but suspect not).

Observe The Short Squeeze

Submitted by Tyler Durden on 11/23/2012

Confused at why the stock market has risen phoenix-like this week amid no-news on the fiscal cliff, a lack of closure on Greece and EU budgets, and a further collapse in Japan's trade balance? Wonder no longer; for the explanation is simple - a massive and dramatic short-squeeze has created a 200bps outperformance this week among the most-shorted Russell 3000 names. Impressive indeed; sustainable? One wonders if an "expert network" was used by various known and unknown CT-based hedge funds for "advice" to ramp stops in the highest beta, most shorted stocks in a market in which volume would be so abysmal any entity which already controls 10% of NYSE volume could do with the market as it saw fit?

Frontrunning: November 23

Submitted by Tyler Durden on 11/23/2012

Boehner comments show tough road ahead for "fiscal cliff" talks (Reuters)

Argentina angry at hedge fund court win (FT)

EU Spars Over Budget as Chiefs See Possible Deadlock (Bloomberg)

Merkel doubts budget deal possible this week, more talks needed (Reuters)

Greek deal hopes lift market mood (FT)

Greek Rescue Deal Faltering Cut in Rescue-Loan Rate (Bloomberg)

Japan's Abe Pushes Stimulus (WSJ) - Unpossible: a Keynesian in Japan demanding stimulus? Say it isn't so. 

Authorities Tried to Flip Trader in Insider Case (WSJ)

W(h)ither China? "The End Of Extrapolation"

Submitted by Tyler Durden on 11/22/2012

The question whether China will suffer a "hard" or "soft" landing is, in the long-term, largely irrelevant and misleading. A far more critical question is whether the period of 10%, or even 7% annual growth, for the world's biggest marginal growth dynamo of the past decade, is now over. Read on for the answer.

Detroit mayor announces furloughs to avoid bankruptcy

Christian Science Monitor | City Council delaying a $30 million infusion of state funds.

Economic IQ test: If the national debt doesn’t matter, then why are we still paying federal income taxes?

Mike Adams | The U.S. federal government is over $16.2 trillion in debt.

Why Does Sesame Street Receive Public Funding?

David Barrow | Show rakes in $45 million plus in merchandising alone.

Europe Fails Again, This Time To Get Budget Deal Done

Zero Hedge |In what should be the least unexpected news of the day, Europe has failed for the second time in one week, after disappointing with no Greek resolution on Monday.

Latest U-Haul Index Shows Californians Leaving for Texas

Bob Adelmann | The U-Haul index is right: More and more people think it’s worth it to pay extra to get out of California.

Food Banks in the U.S. Running Low on Supplies… Ominous Sign for 2013

Zero Hedge | This is a very interesting yet ominous article from Reuters about the current food bank situation in these United States.

11-21-12 How and Why a Spanish Default Would Trigger an Epic Financial Meltdown

November 21, 2012 http://gainspainscapital.com

http://albertpeia.com/epicfinancialmeltdown.htm

They Are Going To Make It Nearly Impossible To Pass On A Farm Or A Business To Your Children

http://theeconomiccollapseblog.com

http://albertpeia.com/timetogetoutofdodge.htm

10 people who led us to the ‘fiscal cliff’ Marketwatch

29 Signs That The Elite Are Transforming Society Into A Total Domination Control Grid

http://thetruthwins.com

http://albertpeia.com/dominationcontrolgrid.htm

{ First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently, primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. }

[ 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said:

The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing

http://albertpeia.com/planetalreadyruined.htm ]

Hostess gets court approval to liquidate Marketwatch { Alas, adieu sweet hostess. As a kid (as an adult as well but can’t afford those calories and haven’t had them in years), truth be told, though I liked twinkies with milk, preferably chocolate milk, I invariably opted for the cream-filled chocolate cake, chocolate iced (with the squiggle on top) hostess cupcakes; with plain milk, of course. The ‘golden-goose-killers’ strike again! }

The Myth Is Over: Europe Fails To Agree On Greece

Submitted by Tyler Durden on 11/20/2012

Given our earlier comments, it is hardly surprising but the Eurogroup meeting just ended and there is no agreement; headlines via Bloomberg:

*FRIEDEN SAYS NO DECISIONS REACHED TODAY ON GREECE BY EUROGROUP

*FRIEDEN SAYS EURO FINANCE CHIEFS TO CONTINUE TALKS ON MONDAY

*SCHAEUBLE SAYS EUROGROUP UNABLE TO REACH CONCLUSIVE AGREEMENT

*LAGARDE SAYS MORE WORK NEEDED FOR GREEK SOLUTION

*JUNCKER IDENTIFIED 'CREDIBLE' IDEAS TO BRING DOWN GREEK DEBT (well he would wouldn't he?)

EURUSD is tumbling (as are S&P 500 futures in their oh-so-correlated manner)

The Latest Greek "Bailout" In A Nutshell: AAA-Rated Euro Countries To Fund Massive Hedge Fund Profits

Submitted by Tyler Durden on 11/21/2012

What is the latest state of play that has the biggest support from all parties? It appears that the plan which is now back in play, is one which Greece had previously nixed, namely a partial Greek bond buyback of the private bonds at a discount to par: with numbers currently rumored anywhere between 25 cents and 50 cents on the euro. And even if Greece agrees with this proposal, there is a question of where Greece will get the money for this distressed debt buyback? After all Greece is completely broke, and any new cash would have to be in the form of loans, as not even the most nebulous interpretation of the Maastricht treaty would allow an equity investment, or to use the proper nomenclature, "a fiscal investment" into Greece. But the kicker is when one traces the use of funds. Because what is will happening is a payment not to Greece, obviously, but to its creditors: entities which for the most part are hedge funds, and which have bought up GGB2s in the mid teen levels as recently as 4 months ago (recall Dan Loeb's major position in Greek bonds).

Initial Claims Over 400K For Second Week In A Row, Hurricane's Fault Again

Submitted by Tyler Durden on 11/21/2012

Yesterday's home sales data, which came far better than expected, apparently had nothing to do with Hurricane Sandy (had it been a disappointment the narrative would have been far different). What Hurricane Sandy did have an impact on for the second week in a row, is today's Initial Unemployment Claims, supposedly, which for the second week in a row printed well above 400K, and just as expected, at 410K, "down" from last week's upward (naturally) revised 451K (previously 439K). NSA claims declined from 478.5K to 397.7K, while Continuing Claims were just below expectations at 3,337K on a consensus print of 3,345K, and down from an upward revised 3,367K. Notable is that the dropping trend in those on extended claims, which recently dropped to a multi year low of around 2 million, had reverse, and 60.8K applied for EUCs.

Biggest UMich Miss In 4 Years Follows Biggest UMich Beat In 5 Years

Submitted by Tyler Durden on 11/21/2012

If you aren't thoroughly confused, confounded and outright disgusted by the newsflow supposed to represent the US economy, you aren't paying attention. Because two weeks after the preliminary UMich print was supposed to come at 82.2, instead soaring to 84.9, or the biggest beat of expectations in 5 years, we get the final UMich number, which missed expectations of a 84.5 read and plunged to 82.7, the biggest miss of expectations in 4 years. Of course, this makes sense: two weeks ago we had the euphoria associated with a new old president, and hope that 4 more years may fix this country. Two weeks, and the biggest market drop in one year later, enthusiasm has been doused just a tad. And adding insult to injury, 1 Year inflation expectations rose from 3.0% to 3.1% - just as the spectre of declining asset prices has reared its ugly head, yet this is well below the 2.8% expected for 5 year inflation -  as a reminder, in 5 years the Fed's balance sheet will be between $6 and 10 trillion. Boy is everyone in for a surprise...

Government Sets Its Sights on Private Retirement Accounts: “Giant Effort to Redistribute the Wealth of America’s Older Citizens”

SHTFplan.com | A new effort by the Obama administration, Congress, the Treasury Department and labor unions aims to fundamentally alter how Americans plan and save for retirement. http://albertpeia.com/timetogetoutofdodge.htm

Frontrunning: November 21

Submitted by Tyler Durden on 11/21/2012

Rough start for fiscal cliff talks (Politico)

Europe Fails to Seal Greek Debt-Cut Deal in IMF Clash (Bloomberg)

Japan’s Exports Reach Three-Year Low as Recession Looms (BBG)

Beggars can be angry: Greek leaders round on aid delay (FT)

More financial blogs launching soon: Financial Times Deutschland closing (Spiegel)

China's backroom powerbrokers block reform candidates (Reuters)

BOE Voted 8-1 to Halt Bond Purchases as QE Impact Questioned (Bloomberg). In the US the vote is 1-11

UK heads for EU budget showdown (FT)

Eurodollars - another epic scam: How gaming Libor became business as usual (Reuters)

Clinton Shuttles in Mideast in Bid for Gaza Cease-Fire (Bloomberg)

Fed Still Trying to Push Down Rates (Hilsenrath)

11-20-12 Dave’s Daily: http://www.etfdigest.com ‘BERNANKE REMAINS ALL-IN FOR WHATEVER IT TAKES 11-20-12 Fed Chairman Bernanke spoke at the NY Economic Club Tuesday citing the need for the congress to deal quickly with the “fiscal cliff” issues. He also mentioned that unemployment is much too high by a factor of 2-2/5%. One can infer from the employment comment which correspond to other Fed governors that QE will continue until the rate is below 6%. As to the fiscal cliff and the mess we’ve created for ourselves one observer sums things up as noted below:

“In my view, we are likely to experience some difficult disruptions in the global economy in the transition from an unsustainable economic environment to a sustainable one. Underneath the veneer of a relatively stable U.S. economy is the fact that government deficits presently support about 10% of that activity. The Fed has pushed the monetary base to the largest fraction of GDP in history, and financial assets have been driven to some of the lowest prospective returns ever observed.These policies have bought time, but we have done nothing with it, because somehow everyone has become convinced that the house of paper is real even though we all watched it being built.Getting past the “fiscal cliff” is the comparatively easy part. There exists a deep-seated complacency of investors that everything will turn out just fine once the minor sideshow of the “fiscal cliff” is resolved.So whatever might happen automatically would be meaningless shortly thereafter anyway. There will likely be a combination of modest spending cuts, modest high-income tax increases, and limits on deductions for second homes. There will be a brief episode of joy and celebration by investors that they have been released from their chains, and shortly thereafter the data will remind us that the global economy is in recession, and that the U.S. economy entered a recession during the third quarter – well before Sandy was even on the weather map.”

John Hussman

Hussman Funds

(Read the entire post HERE)

Hussman’s essay leads nicely to current eurozone fun and games. Finance ministers there are busy trying to “fix” a Greece’s $19.2 billion budget shortfall. Their pathetic and amusing options as noted by Bloomberg include: 1. Recycling ECB profits from previous buys of Greek bonds, 2. Charging Greece lower interest rates on repayment, 3. Extending repayment deadlines. All of this is laughable and hard to make up but there you have it. Ministers and politicians keen to keep the charade going will do the weirdest things then pronounce the entire folly fixed until it isn’t. In the U.S. Housing Starts rose (894K vs 840K expected & prior revised lower to 872K). Most of this increase was in the Midwest and especially so in the West (dare I suggest Las Vegas, Phoenix and Stockton?). Housing Permits declined (866K vs 865K expected & prior revised lower to 890K). http://albertpeia.com/daveschart112012.gif Meanwhile Hewlett Packard (HPQ) disclosed serious accounting “improprieties”at Autonomy Corp resulting in a charge of $8.8 billion and the stock cratered almost 12%. Autonomy Corp was a recent acquisition by HPQ and apparently misrepresented its financial condition meaning the company didn’t do an adequate due diligence job. Along the same lines was the revelation of the largest hedge fund insider trading scandal ever. This just feeds the lack of trust many investors feel is present in markets. It’s said that SAC Capital Advisors controls 10% of trading on the NYSE.In the unsettled Middle East a cease fire is supposed to occur at 5 PM EST. Israel has inflicted heavy damage on Hamas in Gaza and many believe they’re not really interested in an invasion since they’re more effective from afar it seems. This cease fire idea drove the price of crude oil (USO) down sharply on the day. (Late breaking: the Israelis have yet to sign off on the deal whatever it is.) The potential cease fire also caused gold (GLD) to drop in price as risks of war were reduced.Stocks spent the day moving back and forth between unchanged to slightly lower as investors look for direction following Monday’s outsized gains. Given the housing data it wasn’t surprising to see homebuilders (ITB) and (XHB) have better performance. Bonds (TLT) and (TIP) for example saw prices drop and yields rise. Commodities (DBC) gave back Monday’s gains as heavy weightings from energy drove prices lower. Volume was quite light but bulls managed to stage a late day “stick save” to keep things respectable. Breadth per the WSJ was mixed overall…’

Grant, usagold.com: ‘…Fed chairman Ben Bernanke said in a speech today that the US will continue to face many headwinds to growth, but the fiscal cliff is the most immediate danger. He warned that the Fed doesn't have the tools to fully offset a drop over the fiscal cliff, which would likely push the US back into recession. He acknowledged that "the federal budget is on an unsustainable path," yet urged Congress to raise the debt ceiling in order to "avoid any possibility of a catastrophic default on the nation's Treasury securities and other obligations."…’ { Wow! Talk about being behind the curve! Hussman: ‘the U.S. economy entered a recession during the third quarter – well before Sandy was even on the weather map.’ And, when you take into account actual, real inflation, Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ . Pervasively corrupt, defacto bankrupt america is such a b***s*** nation! }

55 Reasons Why You Should Buy Products That Are Made In America This Holiday Season

http://albertpeia.com/55reasonstobuyamericanproducts.htm

Government Website For Immigrants: Come To America And Take Advantage Of Our Free Stuff

http://albertpeia.com/usfreebirdimmigrantsong.htm

Grantham: Biggest Housing Bubble Since 807 A.D. Has Burst Posted by: George Washington Post date: 11/20/2012 Maybe the Biggest of All Time ...

Is The Largest Weekly Inflow Into Bank Savings Accounts On Record, A Flashing Red Alarm?

Submitted by Tyler Durden on 11/20/2012

Something odd popped up while going through the weekly H.6 update...

Hostess Mediation Fails, Liquidation To Proceed; Furious Laid Off Workers Now Turn On Labor Union

Submitted by Tyler Durden on 11/20/2012

Last week when discussing the next steps for the company, and specifically the hope that mediation may resolve the epic animosity between management and workers, we stated that "What makes a mediation improbable is that the antagonism between the feuding sides has certainly hit a level of no return: "Several unions also objected to the company's plans, saying they made "a mockery" of laws protecting collective bargaining agreements in bankruptcy. The Teamsters, which represents 7,900 Hostess workers, said the company's plan would improperly cut the ability of remaining workers to use sick days and vacation." Sure enough, moments ago we learned that mediation has now failed and the liquidation may proceed.

Jeremy Grantham Looks At The Future Of America: "On The Road To Zero Growth"

Submitted by Tyler Durden on 11/20/2012

With a little luck, U.S. GDP growth (even after an increasing squeeze from rising resource costs and environmental damage) should remain modestly positive, even out to 2030 and 2050, in the range of 1% at the high down to a few basis points at worst. Increasingly, the growth will be qualitative. Qualitatively, growth is likely to be limited to services as manufactured goods will bear the brunt of the rising input costs. It would certainly help a lot if considerable changes were made in how GDP is measured. It needs to be closer to what we all apparently think it is already: a reasonable measure of the utility of useful goods and services. The key issue will be how much unnecessary pain we inflict on ourselves by defending the status quo, mainly by denying the unpleasant parts of the puzzle and moving very slowly to address real problems. This, unfortunately, is our current mode. We need to move aggressively with capital – while we still have it – and brain power to completely re-tool energy, farming, and resource efficiency. We need to do all of this to buy time for our global population to gracefully decline. It can certainly be done.

Stocks Slump As Bernanke Admits "Doesn't Have Tools To Ease Fiscal Cliff"

Submitted by Tyler Durden on 11/20/2012

For the third time in a row, a speaker from the Fed has opened their mouth and the market has fallen in. This time, unlike Yellen's silliness, Bernanke admitted a few ugly truths by removing hopes for an IOER cut and bluntly explaining that the Fed 'will not go back to work' to help Schumer and his fiscal cliff buddies:

*BERNANKE SAYS FED ABILITY TO OFFSET HEADWINDS `NOT INFINITE'

*BERNANKE SAYS FED DOESN'T HAVE TOOLS TO PREVENT GOING OFF CLIFF

*BERNANKE SAYS HIS FISCAL ADVICE IS `DO NO HARM'

*BERNANKE: WRONG TO THINK INTEREST ON EXCESS RESERVES MAJOR TOOL

S&P futures fell around 8 points as he uttered these words but was rescued by some anxious BIS scrambling in EURUSD, before falling back to reality (along with AAPL).

The World Wide Web Of Debt

Submitted by Tyler Durden on 11/20/2012

Who owes what to whom?

Former SAC Trader Busted With Biggest Insider Trading Profit In History

Submitted by Tyler Durden on 11/20/2012

Over two years ago, on November 5, 2010, weeks before news broke out that the SEC had caught hedge funds in a massive insider trading scheme involving expert networks, and before the phrase expert network was even mentioned in places away from hedge funds, we wrote an article, titled "Is The SEC's Insider Trading Case Implicating FrontPoint A Sting Operation Aimed At S.A.C. Capital?" that predicted everything that has transpired with SAC since then: we said expert networks would be exposed as the root of virtually all "information arbitrage" alpha by Steve Cohen, more importantly, we exposed various biotech stock trading patterns, where the informational benefits from easily bribable doctors would result in immediate profits courtesy of advance knowledge of Phase 2, 3 and NDA results. Today, we discover not just how deep the SAC insider trading schemes went, but that the profit from such information abuse amounted to hundreds of millions in standalone cases. Adding these together and one can see why Steve Cohen - whose knowledge of these epic inside trading scheme is of course never implied by us: after all, that's what the DOJ, the SEC and the various DA offices are for - was generating 20% returns year after year and able to pocket 3% and 50%.

Bernanke Promises More Of The Same, Warns Of Fiscal Cliff - Live Webcast

Submitted by Tyler Durden on 11/20/2012

The week's most anticipated speech (given Obama's absence from DC) is here. Bernanke's Economic Club of New York extravaganza - where he has previously hinted at new or further policy - is upon us. Sure enough, it's a smorgasbord of we'll do whatever-it-takes (but won't bailout Congress) easing-to-infinity, housing's recovering but we want moar, simply re-iterating his comments from last week...

*BERNANKE SAYS FISCAL CLIFF WOULD POSE `SUBSTANTIAL THREAT'

*BERNANKE SAYS CONGRESS, WHITE HOUSE NEED TO AVERT FISCAL CLIFF

*BERNANKE SAYS FED TO ENSURE RECOVERY IS SECURE BEFORE RATE RISE

*BERNANKE SAYS HOUSING RECOVERY `LIKELY TO REMAIN MODERATE'

*BERNANKE SAYS CRISIS REDUCED ECONOMY'S POTENTIAL GROWTH RATE

However, as we have noted previously, once you've gone QE-Eternity, you never go back... and we would this is the 3rd time in a row that someone from the Fed has spoken and stocks have sold off.

Guest Post: Europe Is Now Sinking Fast

Submitted by Tyler Durden on 11/20/2012

You don’t have to be an economic genius to understand that the perpetual uncertainty over the Eurozone’s future has led to a widespread freeze on industrial investment and development. Industrial production is collapsing at an accelerating rate, falling 7% year-on-year in Spain and Greece, 4.8% in Italy, and 2.1% in France. Since the answer to the question of Who will ultimately pick up the tab? when a Eurozone member defaults or leaves is not at all clear, every player there is eyeing the others suspiciously. In fact, the "stability" of Europe right now hinges completely on no one making a move. What odds do you give that Mexican standoff of lasting? Time is working against all countries in the Eurozone because the good are being dragged down by the bad.

Frontrunning: November 20

Submitted by Tyler Durden on 11/20/2012

More QE could distort rather than deliver (FT)

Soros Buying Gold as Record Prices Seen on Stimulus (BBG)

EU Leaders Face Greek Aid Gap in Brinkmanship With IMF (BBG)

Weak data point to bigger economic drag from Sandy (Reuters)

Shirakawa Pushes Back With Criticism of Abe Unlimited Easing (BBG) But... but... Bernanke??

French Downgrade Widens Gulf With Germany as Talks Loom (BBG)

Japanese Poll Shows LDP Advantage Ahead of Election (WSJ)

BOJ in the Balance as Next Government Picks Top Posts (BBG)

Exchanges Get Closer Inspection (WSJ)

Greece edges closer to €44bn bailout (FT)

Japan Government to Spend 1 Trillion Yen on Next Stimulus (BBG)

China’s Richest Woman Divorces Husband, Fortune Declines (BBG)

11-19-12 Dave’s Daily: http://www.etfdigest.com ‘SHORT SQUEEZE MONDAY 11-19-12 There are three issues that are front and center: the fiscal cliff, Greece, and the Middle East.Bulls are reading too much into the political “happy talk” from Friday. Republican and democratic leaders’ positions are deeply dug in. Listening to House member talking points away from the Rose Garden and you’ll note that there will be no compromise without tax increases on the wealthy (Pelosi et al) or spending cuts (Boehner). So despite Friday’s gathering reflecting goodwill and the best of intentions, nothing has changed. Indeed there is still a wide divide as noted via the AP here. A Greece debt negotiation after many months and moving deadlines still has no resolution. Like the fiscal cliff in the U.S. they all would like things moved further into the future. As some point the music must stop. The troika hasn’t found any solution to grant the country funds to meet its obligations this week. The latest news from Greece included a Greek official stating the government won’t accept an IMF request of a 20,000 reduction in state workers. In the Middle East the fighting continues and each side is looking for an honorable cease fire.There was some optimistic economic data in the U.S. as Existing Home Sales increased (4.79M vs 4.70M expected & prior 4.75M) and the Housing Market Index rose (46 vs 42 expected and prior 41). This is impressive but a glance at the chart below reveals the Home Market Index is only back to levels seen in 2001. { AP-these are predominantly distressed/foreclosure sales previously deferred. }

http://albertpeia.com/daveschart111912.gif

In other news the WSJ reported in a headline story Investment Falls Off a Cliff it was noted how much U.S. companies are cutting spending at the fastest pace since the recession. Of course this is an extremely negative story that bulls have shrugged-off believing instead the rosy Rose Garden scenario. Stocks reacted positively to the overall tone from Friday’s Rose Garden “happy talk” rallying sharply on light volume. Those sectors up most (technology) were those that were weakest previously as a significant short-squeeze was put in play. Bulls must believe it’s better to pay more taxes than fret about spending cuts.The dollar (UUP) was sharply lower while gold (GLD) rallied as Bucky dropped. Commodity (DBC) prices rallied across the board as the dollar fell. Oil (USO) was sharply higher also on the weaker dollar not to mention Middle East tension. Bonds (TLT) fell as it was “risk on” once again for markets. As indicated volume was unimpressive given the scope of the rally but this is in keeping with many previous market melt-ups. Breadth per the WSJ was quite positive and may have approached a 90/10 in some sectors. One thing you can take to the bank is markets are no longer oversold…’

U.S. stocks surge on hope for a debt deal Marketwatch { Hopium back in a big way and bigger than ever! Come on! They’re ‘all in this together’! Of course they’ll do some kind of ‘kick the can’ deal. The reality is that the debt problem is an insurmountable problem, in large part of their making, electioneering, politicking as usual. As for those who’ve belittled Romney for stating a fact, the reality is that both parties are guilty of same (whether in the form of a tax cut/break, government contract, failure to prosecute fraud/crime, etc.) and I’m frankly surprised that Romney didn’t point to the threats of violence by the niggers, and the rampant voter fraud extant in this banana republic. As for slimy newt calling Romney nuts for his stating reality, keep in mind that the b***s*** newty has been on the receiving end of such largesse for quite some time, unable to do anything of value and hence confined to his schmooze and b***s*** paradigm which is pervasive in america, along with fraud among other crimes. This ‘rally’ is an especially great opportunity to sell/take profits since there’s much worse to come! }

The Twinkie That Broke The Economy's Back?

http://theeconomiccollapseblog.com

http://albertpeia.com/tweekingtwinkies.htm

Moody's strips France of its triple-A rating Marketwatch

The Powers That Be Don’t Want Sovereign Bonds… They Want Gold

November 18, 2012 http://gainspainscapital.com

http://albertpeia.com//notbondsgold.htm

On America's Short-Termist And Fraud-Provoking Culture

Submitted by Tyler Durden on 11/18/2012

Two months ago we posted an excellent introduction from Dan Ariely on the truth about dishonesty. The focus on our ease of rationalizing dishonest acts struck quite a chord and as a follow-up the behavioral economist discussed several real-life examples with Capital Account's Lauren Lyster. Critically, firms are shifting their focus from long-term growth to maximizing 'shareholder-value' (since any short-term mis-step in a liquidity-fueled boom such as this is punished to the point of 'going-concern') and the increasingly short-term focused attitude not only hurts employees and taxpayers but serves to provoke a culture of dishonesty or fraud. Ariely also notes, rather interestingly, that new disclosure requirements for 'academic-based' reports merely creates a more exaggerated result - since report-preparers now know the result will be discounted further. Again, one could argue, that Bernanke's ZIRP world (and an under-the-surface reality known to all that we are on a precipice) creates an ever-decreasing time-horizon for every 'invisible-hand'-driven act we undertake: we have shifted from "Get Rich Quick" to "Get Rich Quicker...By Any Means."

Global Shadow Banking System Rises To $67 Trillion, Just Shy Of 100% Of Global GDP

Submitted by Tyler Durden on 11/18/2012

Earlier today, the Financial Stability Board (FSB), one of the few transnational financial "supervisors" which is about as relevant in the grand scheme of things as the BIS, whose Basel III capitalization requirements will never be adopted for the simple reason that banks can not afford, now or ever, to delever and dispose of assets to the degree required for them to regain "stability" (nearly $4 trillion in Europe alone as we explained months ago), issued a report on Shadow Banking. The report is about 3 years late (Zero Hedge has been following this topic since 2010), and is largely meaningless, coming to the same conclusion as all other historical regulatory observations into shadow banking have done in the recent past, namely that it is too big, too unwieldy, and too risky, but that little if anything can be done about it. Specifically, the FSB finds that the size of the US shadow banking system is estimated to amount to $23 trillion (higher than our internal estimate of about $15 trillion due to the inclusion of various equity-linked products such as ETFs, which hardly fit the narrow definition of a "bank" with its three compulsory transformation vectors), is the largest in the world, followed by the Euro area with a $22 trillion shadow bank system (or 111% of total Euro GDP in 2011, down from 128% at its peak in 2007), and the UK in third, with $9 trillion. Combined total shadow banking, not to be confused with derivatives, which at least from a theoretical level can be said to offset each other (good luck with that when there is even one counterparty failure), is now $67 trillion, $6 trillion higher than previously thought, and virtually the same as global GDP of $70 trillion at the end of 2011.

Guest Post: The Unadulterated Gold Standard Part 2

Submitted by Tyler Durden on 11/18/2012

In Part I, we looked at the period prior to and during the time of what we now call the Classical Gold Standard.  It should be underscored that it worked pretty darned well.  Under this standard, the United States produced more wealth at a faster pace than any other country before, or since. In Part II we focus on the Post-1913 (Fed to Nixon) era and the fact that - for many reasons, politicians felt that a quasi-government agency could make better credit decisions than the market. This regime was unstable, as economists such as Jacques Rueff and Robert Triffin realized. Since then, it has become obvious that without the anchor of gold, the monetary system is un-tethered, unbounded, and unhinged.  Capital is being destroyed at an exponentially accelerating rate, and this can be seen by exponentially rising debt that can never be repaid, a falling interest rate, and numerous other phenomena.

Guest Post: Understanding the "Exorbitant Privilege" of the U.S. Dollar

Submitted by Tyler Durden on 11/18/2012

The dollar rises for the same reason gold and grain rise: scarcity and demand. Which is easier to export: manufactured goods that require shipping ore and oil halfway around the world, smelting the ore into steel and turning the oil into plastics, laboriously fabricating real products and then shipping the finished manufactured goods to the U.S. where fierce pricing competition strips away much of the premium/profit? Or electronically printing money and exchanging it for real products, steel, oil, etc.? I think we can safely say that creating money out of thin air and "exporting" that is much easier than actually mining, extracting or manufacturing real goods. This astonishing exchange of conjured money for real goods is the heart of the "exorbitant privilege" that accrues to the issuer of the global reserve currency (U.S. dollar). To understand the reserve currency, we must understand Triffin's Paradox.

Europe's Depression, Japan's Disaster, And The World's Debt Prison

Submitted by Tyler Durden on 11/18/2012

Together, the market and democracy are what we like to call "the system." The system has driven and enticed bankers and politicians to get the world into trouble. One of the side effects of the crisis is that all ideological shells have been incinerated. Truths about the rationality of markets and the symbiosis of market and democracy have gone up in flames. Is it possible that we are not experiencing a crisis, but rather a transformation of our economic system that feels like an unending crisis, and that waiting for it to end is hopeless? Is it possible that we are waiting for the world to conform to our worldview once again, but that it would be smarter to adjust our worldview to conform to the world? At first glance the world is stuck in a debt crisis; but, in fact, it is in the midst of a massive transformation process, a deep-seated change to our critical and debt-ridden system, which is suited to making us poor and destroying our prosperity, social security and democracy, and in the midst of an upheaval taking place behind the backs of those in charge. A great bet is underway, a poker game with stakes in the trillions, between those who are buying time with central bank money and believe that they can continue as before, and the others, who are afraid of the biggest credit bubble in history and are searching for ways out of capitalism based on borrowed money.

Stocks Jump Most In 5 Months But Bonds Ain't Buying It (Again)

Submitted by Tyler Durden on 11/19/2012

Best day in 5 months for stocks. AAPL jumping to one-week highs with its 2nd biggest low to high swing in 3 years. Wherever you look, the worst came first and so the talking heads re-appeared saying the worst is over and all is rainbows, unicorns, and mountains are once again molehills. Unfortunately, while ETFs were smashed higher (HYG biggest move in a year on 2nd largest volume ever, VXX crushed), risk assets broadly speaking were not playing along with Treasuries especially drifting lower in yield from the European close (and EURUSD) as stocks surged to the highs of the day. Commodities soared with Oil leading the way - though post-Europe everything flattened and leaked lower. VIX collapsed 1.2vols to end just above 15% (notably ahead of stocks relatively speaking) but equity volume on the day was dismally low as S&P 500 futures broke back above the 200DMA amid larger than average trade size.

AAPL's 4 Sigma Bounce Is The Second Biggest In Two Years

Submitted by Tyler Durden on 11/19/2012

Today's AAPL move, on no news, is as of this moment a $35+ move in one trading session, or a $30+ billion market cap move in one trading session, and a nearly $60 move from the Friday lows. As the histogram below shows, in absolute terms, this is the second largest intraday move up in the stock in the past two years, and a 4 sigma move for a stock which has moved 7% on a 1.7% standard deviation, for no other reason than the "stock is oversold" or whatever other narrative those who put narratives to stock moves have ascribed to it today. And with HFT's determining valuation based on momentum, RSI, Bollinger bands, and other meaningless New Normal technicals, we have just gone from massively oversold, to massively-er overbought.

One Less In The AAA Club: Moody's Downgrades FrAAnce From AAA To Aa1 - Full Text

Submitted by Tyler Durden on 11/19/2012

After hours shots fired, with Moody's hitting the long overdue one notch gong on France:

MOODY'S DOWNGRADES FRANCE'S GOVT BOND RATING TO Aa1 FROM Aaa

FRANCE MAINTAINS NEGATIVE OUTLOOK BY MOODY'S

Euro tumbling. In other news, UK: AAA/Aaa; France: AA+/Aa1... Let the flame wars begin

11-16-12 Dave’s Daily: http://www.etfdigest.com ‘THE PREDICTABILITY OF DC BS 11-16-12 In a WSJ story, the current WH fiscal cliff trial balloon is to replace the “sequester” by kicking the can into 2013 which is something that’s been anticipated. Doing so would buy time but also create another date to fret about in the future which resolves nothing. The absence of leadership is quite stunning as the U.S. adopts the eurozone delay model. So after the meeting and banality this statement was issued by Mitch McConnell: “We’re prepared to put revenue on the table, provided we fix the real problems" I think that stops the “happy talk” dead in its tracks unless McConnell might be willing to redefine everything. Further Nancy Pelosi stated bluntly: “I was focusing on how we send a message of confidence to consumers,to the markets in the short run, too.” As DC goes watch what they do and ignore the BS.One fiscal cliff aspect little discussed is its impact on the states should negotiations fail. ThePew Center on the States has issued a report with impact percentages for each state. You can find your state with the download.It looks like the FHA (Federal Housing Administration) is preparing politicians and taxpayers for a bailout as mortgage losses shrink reserves. Also on Friday the government fined JP Morgan (JPM) and Credit Suisse (CSGN) $416M to settle mortgage related fraud charges. These are mere wrist slaps but the U.S. attorney asserts more charges and fines are pending. (Deep thought: I wonder if the U.S. attorney can sue the SEC for breach of oversight duties. Well of course not silly!)Tensions on Israeli border continue as Egypt’s Mursi visits Gaza amid warnings to Israel wheretroops are mobilizing. As this is written intense fighting is taking place between Israelis and Hamas…And in other news, Asian stocks were mostly lower. China’s CSI 300 fell to its lowest level since 2009. The eurozone is quiet for the moment but real troubles remain on the horizon. Whatever the troika decides for Greece and Spain must be approved by Germany and Finance Minister Schauble who still talks a tough game. In the UK there are well-founded fears of a triple dip back into recession. Meanwhile in France, Finance Minister Pierre Moscovici said he sees no French financial crisis and takes the greatest umbrage (sacrebleu!) such an event could exist. Meanwhile in the U.S. Industrial Production was weak (-.4% vs .2% expected & prior revised to .2%). One frankly absurd note was the government attempted to assert this decline was due to Sandy. Yet Sandy hit on the 29^th of October meaning this assertion was based on just two days. This is why people don’t trust government reports.Much in the news was Hostess Brands, a private company producing among other treats Twinkies, decided to liquidate the company instead of dealing with a strike. This meant layoffs for over 18,000 workers.As mentioned equity markets globally were much oversold entering an options expiration day. There were good odds of fireworks and a reversal higher. Any spark could and did unleash the animal spirits . Odd things can happen on options expiration and perhaps we saw one with a short-term gold bear raid. But stocks ended the day on a late run higher as da boyz in the options pits were hunting down strike prices. Leading the way higher were beaten down utility sectors (XLU), small caps (IWM) and homebuilders (ITB). The dollar (UUP) ended slightly higher once again while gold (GLD) was weaker. Bonds (IEF) and (TLT) for example were mixed. Commodities (DBC) spiked aided primarily by crude oil (USO) as the violence in Gaza/Israel expanded.Volume was much higher which, given market conditions and options expiration, shouldn’t surprise. Breadth per the WSJ was positive reducing current short-term oversold conditions…’

Sica: No time to be bargain hunting Marketwatch

The Single Most Important Research of My Career

November 16, 2012 http://gainspainscapital.com

http://albertpeia.com/summersresearch.htm

‘…Because of this, the entire Western financial system has sovereign bonds (US Treasuries, German Bunds, Japanese sovereign bonds, etc) as the senior most asset pledged as collateral for hundreds of trillions of Dollars worth of trades.The “hundreds” of trillions of Dollars of trades stems from a 2004 SEC ruling in which the SEC ruled that broker-dealers with capital bases above $5 billion (think Goldman, JP Morgan, etc) could increase their leverage above previously required levels while also abandoning market to market valuation methods (a methodology through which a security was priced at the value that a market participant would pay for it).So, after the 2004 ruling, large broker dealers were permitted to increase their leverage levels dramatically. And because they could value their trades at whatever price their in-house models chose (what are the odds that these models were conservative?), the broker-dealers and large Wall Street banks are now sitting on over $700 trillion worth of derivatives trades.Now, every large bank/ broker dealer knows that the other banks/dealers are overstating the value of their securities. As a result, these derivatives trades, like all financial instruments, require collateral to be pledged to insure that if the trades blow up, the other party has access to some asset to compensate it for the loss. As a result, the ultimate backstop for the $700+ trillion derivatives market today is sovereign bonds. When you realize this, the entire picture for the Central Banks’ actions over the last five years becomes clear: every move has been about accomplishing one of two things:

#1)   Giving the over-leveraged banks access to cash for immediate funding needs (QE 1, QE 2, LTRO 1, LTRO 2, etc)

#2)   Giving the banks a chance to swap out low grade collateral (Mortgage Backed Securities and other crap debts) for cash that they could use to purchase higher grade collateral (QE 1’s MBS component, Operation Twist 2 which lets bank their long-term Treasuries and buy short-term Treasuries, QE 3, etc).

… So, when the ECB swapped out its Greek bonds for new bonds that would not take a haircut during the second bailout, the ECB was making sure that the Greek bonds on its balance sheet remained untouchable and as a result could still stand as high grade collateral for the banks that had lent them to the ECB.So the ECB effectively allowed those banks that had dumped Greek sovereign bonds onto its balance sheet to avoid taking a loss… and not having to put up new collateral on their trade portfolios.Which brings us to the other issue surrounding the second Greek bailout: the fact that 80% of the money went to EU banks that were Greek bondholders instead of the Greek economy.Here again, the issue was about giving money to the banks that were using Greek bonds as collateral, to insure that they had enough capital on hand. Piecing this together, it’s clear that the Greek situation actually had nothing to do with helping Greece. Forget about Greece’s debt issues, or protests, or even the political decisions… the real story was that the bailouts were all about insuring that the EU banks that were using Greek bonds as collateral were kept whole by any means possible.Now, Greece was always the small player in this mess. It’s entire sovereign bond market is a mere €300 billion.Spain and Italy, by comparison, have €1.78 trillion and €1.87 trillion in external debt respectively. I do not have an exact figure for how much of the derivatives market uses Spanish and Italian sovereign bonds as collateral, but I can create an estimate using the US bank data I have available. In the US, we know that the top four banks have over $222 trillion in derivatives exposure with just $7 trillion in total assets. So the leverage here is roughly 31 to 1.Using this as a ballpark estimate for derivatives leverage, it is very possible that Spain and Italy’s sovereign bonds are pledged as collateral for well over $100 trillion worth of derivatives trades ($1.78 trillion X 31 + $1.87 trillion X 31).This is why Spain is dragging its feet about asking for a bailout: the mess of trying to sort out the collateral issues for €1.78 trillion in collateral that is backstopping what is likely tens of TRILLIONS of Euros’ worth of trades is capable of causing systemic failure. This is why I’ve been warning that 2008 was just the warm-up. What is coming will be far far worse…’

'Den of Thieves' author: Hedge funds key to new insider-trading era Marketwatch

Guest Post: Ceilings, Cliffs And TAG - 3 Immediate Risks

Submitted by Tyler Durden on 11/16/2012

The recent market sell-off has not been about the re-election of President Obama but rather the repositioning of assets by professional investors in anticipation of three key events coming between now and the end of this year - the "fiscal cliff", the debt ceiling and the expiration of the Transaction Account Guarantee (TAG).  Each of these events have different impacts on the economy and the financial markets - but the one thing that they have in common is that they will all be battle grounds between a divided House and Senate.  While there has been a plethora of articles, and media coverage, about the upcoming standoff between the two parties - little has been written to cover the details of exactly what will be impacted and why it is so important to the financial markets and economy. We remain hopeful that our elected leaders will allow cooler heads to prevail and that they will begin to work towards solutions that alleviate some of the risks of economic contraction while setting forth logical plans for fiscal reform.  However, while we are hopeful of such progress, "hope" is not an investment strategy to manage portfolios by.  If we are right things are likely to get worse before a resolution is reached - but maybe that is why the "investment professionals" have already been heading for the exits.

Guest Post: Very Few People Understand This Trend...

Submitted by Tyler Durden on 11/16/2012

There are only a few people who get it: the era of cheap food is over. The fundamentals (as we noted earlier) of population growth, available land contraction, bone-headed government policy, and the most destructive monetary policy; overwhelmingly point to a simple trend: food prices will continue rising. And that’s the best case. The worst case is severe shortages.

Stocks End Green; AAPL Volume Obscene; Treasury/FX Volatility Unseen

Submitted by Tyler Durden on 11/16/2012

Equities closed the day-session near the highs of the day as OPEX shenanigans were evident everywhere. Early and ugly macro data was swept under the proverbial carpet (as it is transitory Sandy effects?), the ubiquitous European-close trend reversal started us higher, and then platitudes from D.C., and a late-day Fed-Head jawbone did the rest on a day when AAPL saw its largest volume in 8 months and pinned between 520 and 530 VWAPs. Risk assets did not follow the path of most exuberance that stocks did on the day (surprise). Credit tracked with stocks today in general but remains an underperformer on the week. Oil was the week's big beta winner with the USD (despite underlying dispersion in EUR and JPY) and Treasuries rather dull. Gold sagged but by the close today the S&P 500 had recoupled with the barbarous relic on a beta basis. VIX compressed (exciting some that are incapable of comprehending a term structure) as put overlays were unwound into OPEX (and given the VWAP/volume moves it would seem AAPL saw hedges taken down and exposure reduced). Red week as stocks continue to catch down to bond's new normal.

The FHA's Fatal Scattergram Flaw

Submitted by Tyler Durden on 11/16/2012

Judging by the media rancor, the fact that the FHA has run out of capital is a stunning shock since besides, housing is in recovery right? Well, there is one simple reason why the FHA is FUBAR and is only going to get worse (cue Geithner Bailout). As the only player left, the FHA has simply been the sole source of mortgage provision to the worst of the worst. The following chart from Chicago Booth's Amir Sufi shows the diabolic-distribution of poor-performing zip codes that the FHA has lent into - even during the crisis.

Are 'Equity' Vigilantes Keeping The Press Honest On The Fiscal Cliff?

Submitted by Tyler Durden on 11/16/2012

In the past it has been the bond market whose vigilantes had rampaged across the fields to keep policymakers honest - but something has changed with the Fed's boot on the bond market. As BofAML notes, when the Fed was too soft on inflation or the fiscal deficit was out of control, interest rates spiked higher. In our view, this has changed and today the stock market is the disciplining force for Washington. We have argued this perspective for a while - that nothing will be done until we get a stock market crash - but the press will continue to make molehills out of mountains it seems as BofAML adds, the most obvious lesson of the last week is that when Washington approaches a policy impasse, the financial press tends to signal a resolution of the crisis many times before it happens. Don’t believe it. After elections there is always conciliatory talk: no one wants to be seen as a sore loser or a gloating winner. The risk remains huge and the four hurdles to a grand bargain seem to be getting larger - no matter what the press wants us to think - investors should look past reassuring rhetoric and focus on the underlying reality.

Capitalism At Work: Twinkies Soar On Ebay

Submitted by Tyler Durden on 11/16/2012

The invisible hand at work once again as fat-fingered demand dominates union-stifled supply... $8,000 for a single Twinkie... and other offers... It seems, once again, that there are more than a few greater fools who still have no idea just how the bankruptcy process works... will Twinkies be rebranded Bimbettes?

Today's "Fiscal Cliff Compromise" Moment Brought To You By The Congressional Short Squeeze Inception Team

Submitted by Tyler Durden on 11/16/2012

Once again the market falls for the politicians' snake oil (as we explained before). Unconvinced? This is what none other than "Fiscal Cliff compromise is imminent" photo op participant Nancy Pelosi said moments later to the WSJ:

Ms. Pelosi said. "I was focusing on how we send a message of confidence to consumers, to the markets in the short run, too."

And there you have it from the horse's mouth: absolutely nothing of actual substance in today's presser which was completely hollow of anything remotely resembling an actual compromise, but merely the same type of  Euro-propaganda we have grown to loath and despise for the past 3 years, where a flashing red headline was supposed to generate a short squeeze. It succeeded. There is one open question: did Nancy Pelosi's multi-millionaire investor husband Paul Pelosi know ahead of time what the announcement would say, and did he buy any securities in hopes of a "short run" gain?

Guest Post: Europe In the Grip of Anti-Austerity Protests

Submitted by Tyler Durden on 11/16/2012

As if we needed more proof that the course implemented by the eurocracy becomes increasingly untenable politically, millions decided to strike in several European countries this week. The demonstrations have, as they are wont to do these days, turned violent in a number places. The protests were most intense in Spain, where unemployment is at over 25% and desperation over the collapse of the bubble economy is growing by the day. This is what happens when after decades of socialism, the money to pay for the freebies finally runs out. What the protesters don't seem to get: the status quo ante cannot be recreated by decree. There is no magic wand for anyone to wave. The protesters have every right to be enraged, but they are raging against something that cannot be changed at the flick of a switch – the wealth is gone.

Tumbling October Industrial Production And Capacity Utilization Blamed Solely On Hurricane Sandy

Submitted by Tyler Durden on 11/16/2012

Because not one Wall Street analyst could have possibly factored in the impact of Sandy into their expectations of the month's Industrial Production, which in October declined by -0.4% to 96.6 from 97.0 in the Fed's index, well below consensus expectations of a 0.2% rise, and down from last month's 0.4% increase, it is only logical to blame it all on Sandy. Sure enough, this is what the Fed just did: "Hurricane Sandy, which held down production in the Northeast region at the end of October, is estimated to have reduced the rate of change in total output by nearly 1 percentage point." So let's get this straight: Sandy - which hit on October 29, or with about 94% of the month of October done and impacted New York and New Jersey, not the entire US, is responsible for 250% of the entire October 0.4% drop?  Can we please get back to the "It's all Bush's fault" excuses already. At least those were idiotic and funny. Blaming everything on Sandy is just the former. And yes, capacity utilization for the entire USA which came at 77.8%, the lowest since November 2011, and well below expectations of 78.3%, was obviously crushed by a tropical storm that impacted New York and New Jersey for 3 days in the month. Brilliant.

Fiscal Cliff Can About To Be Kicked Into 2013?

Submitted by Tyler Durden on 11/16/2012

With precisely 13 working sessions left for Congress in 2012, it is time to ratchet up the can kicking rhetoric a bit. Sure enough, here comes the White House, via the Wall Street Journal, doing just that.

WHITE HOUSE IN ADVANCED INTERNAL DISCUSSIONS ON PLAN TO REPLACE SEQUESTER - SOURCES - DJ

CONCEPT WOULD KICK MAJOR DEFICIT-REDUCTION TALKS INTO 2013 - DJ

CONCEPT WOULD BE PART OF BROADER NEGOTIATIONS ON TACKLING 'FISCAL CLIFF' - DJ

Because when unable to reach a compromise over anything, what is the best option? Just stick head in sand, and demand that the Mr. Chairman gets to work. As for the news above, this is largely irrelevant for the actual fiscal cliff negotiations and the futures buying algos are once again in for a rude awakening.

Frontrunning: November 16

Submitted by Tyler Durden on 11/16/2012

Israel Mobilizes Troops as Hostilities Escalate (WSJ)

FHA Sets Stage for Taxpayer Subsidy With 2012 Deficit (Bloomberg)

On eve of fiscal cliff talks, positions harden (Reuters)

Japan PM Noda contradicts challenger Abe on BOJ (Reuters)

Regulators cut JPMorgan's ability to trade power (Reuters)

EU Should Reach Agreement on Greek Aid Next Week, Grilli Says (BBG)

Moscovici rejects talk of French crisis (FT)

Egypt Urges Push for Gaza Peace as Rockets Hit Israel (BBG)

Leading Japan politicians draw election battle lines (Reuters)

Fed Push to Tie Zero-Rate to Economic Goals Faces Doubts (BBG)

China’s commerce minister voted out in rare congress snub (Reuters)

China’s new leaders could have reform thrust upon them (Reuters)

Both Sides of Gaza Border Brace for Further Conflict (WSJ)

Fed Sees Hurdles in Housing Rebound (Hilsenrath)

The Complete 2012 Business Schools Ranking (Bloomberg)

Twinkies, Ding Dongs Maker Hostess Liquidates Following Failure To Resolve Labor Union Animosity

Eyewitness Accounts Of Voting Machines Turning Romney Votes Into Obama Votes

http://thetruthwins.com

http://albertpeia.com/bananarepublicusromneyvotestowobama.htm

Greenspan: Recession ‘small price to pay’ to fix debt

money.cnn.com | Recession would be a “small price to pay” for getting the nation’s debt problems under control.

11-15-12 Dave’s Daily: http://www.etfdigest.com ‘ECONOMIC DATA UNHELPFUL FOR BULLS 11-15-12 According to data released today the eurozone has entered recession, which would make two since 2009. China stocks fell once again post the Peoples Party Congress which only succeeded in naming a new leader Xi Jinping. Xi, a conservative, offered a bewildering array of hero’s beginning with Mao and ending with his immediate predecessor. The PBOC cut interest rates to curb the rise in the yuan (CYB) while the yen (FXY) (YCS) continued to fall.U.S. Jobless Claims soared (439K vs 376K expected & prior revised higher to 361K). Most of this was blamed on Sandy but the largest number of jobless claims came from Pennsylvania and Ohio. The Empire State Mfg Survey dropped (-5.2 vs -5 expected & prior -6.16); the Philly Fed Survey was a stinker (-10.7 vs 4.5 expected a& prior 5.7); and, the CPI was basically flat and hardly worth mentioning (or even believing in).It’s reported that the FHA (Federal Housing Authority) is about to exhaust its reserves available due to mortgage delinquencies so be prepared for another taxpayer bailout. Currently the FHA has insured 739,000 loans that are 90 days or longer past due or are in foreclosure. This could total as much as $100 billion. These are the kind of facts bulls hollering housing recovery can’t seem to understand. And, all of this is happening when household formation in the U.S. is nearing an all-time low. So, I guess “Flip That House” TV show will only have government bureaucrats and bankers as the audience.Along these same lines, and something financial markets should be focused on like a laser, is so-called Generations X and Y may be lost as potential investors since beyond social media and Apple they seem interested in little else. After all two bear markets in a decade hardly lead to investment enthusiasm does it?Behemoth Walmart (WMT) disappointed with a revenue miss of $113.93 billion vs $114.89 billion. The outlook also missed analyst’s expectations at earnings in a range of $4.88-$4.93 vs $4.94 expected. This report negatively affected the retail sector (XRT) and (XLY). The markets are short-term much oversold and rallies could happen at any time for any, even the most specious, reasons. I posted today a commentary “The Great Depression Part 2, Will the Future Follow the Past”. The monthly charts from the 1930s are eerily similar to the current period but not necessarily a prediction.The dollar (UUP) was only slightly higher while a gold (GLD) bear raid was in full swing. Commodity markets (DBC) were weaker on the dollar and lousy economic data. Within the sector Oil (USO) was weaker despite Israeli and Hamas cross border bombardments. Bonds (TLT) (IEF) were flat while the more speculative high yield sector (HYG) continues to trade down with stocks.Volume Thursday was still high. Bulls tried some rally attempts throughout the day Thursday but couldn’t pull-off a major reversal off. Breadth per the WSJ was still negative and just builds on oversold conditions…’

The Worst Economic Numbers In More Than A Year

http://theeconomiccollapseblog.com

http://albertpeia.com/terribleeconomicnumbers.htm

{ Post-election, of course! }

‘With everything else that is going on in the world, a lot of people have failed to notice that we are seeing some of the worst economic numbers that we have seen in more than a year.  For example, it was announced on Thursday that initial claims for unemployment benefits have hit their highest level in a year and a half… initial unemployment claims tend to have a very strong correlation with the overall performance of the economy.  We also continue to see poverty statistics rise.  According to government statistics released earlier this month, the number of Americans living in poverty and the number of Americans on food stamps are both at all-time record highs.  Meanwhile, the Dow and the S&P 500 are both down more than 5 percent since the election and the U.S. government rolled up 22 billion dollars more debt in October 2012 than it did in October 2011.  The unfortunate truth is that things are not getting better.  The U.S. economy continues to become weaker and more unstable, and there are a whole lot of reasons to be very pessimistic about our economic situation as we move into the winter months…’

What Really Happened When Lehman Failed… And Why Spain Will Be Much Worse

November 15, 2012 http://gainspainscapital.com

http://albertpeia.com/reallehmanspainworse.htm

Countless pages have been written about why Lehman caused the system to almost implode. However, the reality is that Lehman nearly took down the entire financial system for two reasons:

#1)   Lehman’s $155 billion worth of bonds were used as collateral in hundreds of billions of Dollars’ worth of trades.

#2)   Lehman’s 8,000 clients who were all using Lehman to make trades saw the collateral that they had placed with the firm (to backstop their portfolios) frozen…’

The Bernanke-Obama-Keynes Toxic Triangle Dead End

Submitted by Tyler Durden on 11/15/2012

In the short run (and this is what is so insidious about the Fed’s artificially low interest rates), all we are seeing is an illusion of economic progress. The choice for the status quo made in last week’s presidential election was an uninformed one—at no fault of the voters—made in the fog of monetary distortion and Federal Reserve Chairman Ben Bernanke’s continuous campaign of disinformation. Thus, investment in this illusory economy is malinvestment, or investment that always unravels with the intervention’s inevitable end, due to either untenable credit levels (such as today’s corporate debt-to-asset ratio, still at historic highs) or a resource crunch (rising commodity prices) that eliminates any advantage from printing money; and one or both of these scenarios is unavoidable. This is our grievous position in the United States today, trapped in the status quo by first consequences, by what we can see, due to a cause that we cannot even see. And so we are left to learn from experience, an eventual tragic unfolding of our collective malinvestment. As Bastiat said, “Experience teaches effectually, but brutally.”

How America's Middle Class, And Future Pensioners, Bailed Out A Generation Of Overzealous Homebuyers

Submitted by Tyler Durden on 11/15/2012

In the current Bernanke-Obama-Keynes toxic triangle (defined previously here) economy, blink too long and you will miss the latest bailout. While 4 years ago, it was America's M.A.D.-hostage taxpaying middle class that had no choice but to fund the trillions in direct Fed cash handouts and guarantees to bail out the banks, in the process saving and preserving the trillions in wealth for America's uber wealthy (the "1%") class, ever since then it has been the government's turn to rescue the country's lower and lower-middle classes (the "47%"), who, with no gun to their heads, decided to splurge during the height of the housing bubble (insurmountable mortgage payments and $0 down notwithstanding) and buy that aspirational McMansion that would make them so much more appealing in the eyes of the next door neighbor (who too could never afford their house in the first place). This has happened courtesy of a progressively more pervasive mortgage forgiveness plan, which has seen the total amount of debt funding a given home purchase shrink little by little each day. However, since there is no free lunch anywhere, certainly not when a bank's balance sheet is being impaired, like in 2008, someone is once again on the hook for this latest bailout. That someone, not surprisingly, is again America's middle class that lived within its means, that saved money while others splurged, and even put cash away for retirement, handing it over to various Pension investment vehicles.

Guest Post: The FHA Is Blowing Up: Bad News For The Housing Market

Submitted by Tyler Durden on 11/15/2012

The FHA has been the key element to the phony “housing recovery” the government has been trying to create.  In the wake of the collapse of 2008, Fannie Mae and Freddie Mac blew up and what was left to pick up the pieces was the FHA.  No private player would issue loans with down payments of 3%, but this was no problem for the FHA! Well - yes! "The Federal Housing Administration is expected to report this week it could exhaust its reserves because of rising mortgage delinquencies" This is a big deal.  The FHA is already in trouble despite a miraculous “housing recovery” and we haven’t even hit a severe cyclical economic slowdown yet, which is almost certain to occur in 2013.  What shambles do you think the housing market will be in once that happens and the last backstop to housing is broke?

Bernanke Laments Lack Of Housing Bubble, Demands More From Tapped Out Households

Submitted by Tyler Durden on 11/15/2012

Moments ago Ben Bernanke released a speech titled "Challenges in Housing and Mortgage Markets" in which he said that while the US housing revival faces significant obstacles, the Fed will do everything it can to back the "housing recovery" (supposedly on top of the $40 billion in MBS it monetizes each month, and/or QEternity+1^?). He then goes on to say that tight lenders may be thwarting the recovery, and is concerned about high unemployment, things that should be prevented as housing is a "powerful headwind to the recovery." In other words - the same canned gibberish he has been showering upon those stupid and naive enough to listen and/or believe him, because once the current downtrend in the market is confirmed to be a long-term decline, the 4th dead cat bounce in housing will end. But perhaps what is most amusing is that the Fed is now accusing none other than the US household for not doing their patriotic duty to reflate the peak bubble. To wit: "The Federal Reserve will continue to do what we can to support the housing recovery, both through our monetary policy and our regulatory and supervisory actions. But, as I have discussed, not all of the responsibility lies with the government; households, the financial services industry, and those in the nonprofit sector must play their part as well." So "get to work, Mr. Household: Benny and the Inkjets, not to mention Chuck Schumer's careers rest on your bubble-reflation skills."

The Hopium Is Now Depleted

Submitted by Tyler Durden on 11/15/2012

Hope - it appears - peaked at the start of the year in the US, following the global coordinated central bank pump which ramped it from lows to highs within a few months. All that hope - and then some - has now apparently faded. The General Business Conditions expected six months forward dropped to its lowest level since March 2009. What is perhaps worse, given the focus on jobs jobs jobs, is that for the first time since April 2009, the employment outlook for employment turned negative - suggesting firms are looking to reduce employees at the fastest rate in over three-and-a-half years. The hopium seems to have been depleted...

Initial Claims Soar To 439K, Non-Seasonally Adjusted Surge By Whopping 104,548 In One Week

Submitted by Tyler Durden on 11/15/2012

Get ready for the "it's all Sandy's fault" barrage, because the post-reelection status quo sure will desperately need it today. The latest initial claims data posted a multi-year high 104,548 surge in weekly NSA claims from 361,800 to 466,348, and even the Seasonally adjusted number soaring from 361K to 439K on expectations of a 375K print. In other words, a complete disaster for any economic data bulls. What is truly amusing is that the same Wall Street "experts" who set expectations were unable to foresee the Sandy effect that every "macrotourist" on Twitter apparently is so very aware of. Also, it is apparently also "Sandy's fault" (now that the Bush excuse is back in retirement) that the prior week's claims were revised from 355K to 361K. Basically, just as we said 3 weeks ago, ignore every negative data point: it is Sandy's fault. However, for the snapback, when there actually is good news to be had, well, "four more years." Finally, to all the Sandy apologists: is the logic here that: if Hurricane, then Fire everyone? Because that is what is implied. To summarize: a hurricane is good for GDP (lots of broken windows), but any actually negative news (surge in firings) is perfectly expected.

Frontrunning: November 15

Submitted by Tyler Durden on 11/15/2012

Wal-Mart misses topline expectations: Revenue $113.93bn, Exp $114.89bn, Sees full year EPS $4.88-$4.93, Exp. $4.94, Unveils new FCPA allegations; Stock down nearly 4%

China chooses conservative new leaders (FT)

Eurozone falls back into recession (FT)

Moody’s to Assess U.K.’s Aaa Rating in 2013 Amid Slowing Economy (Bloomberg)

Another bailout is imminent: FHA Nears Need for Taxpayer Funds (WSJ)

Hamas chief vows to keep up "resistance" after Jaabari killed (Reuters)

Obama calls for rich to pay more, keep middle-class cuts (Reuters)

Obama Undecided on FBI's Petraeus Probe (WSJ)

Battle lines drawn over “growth revenue” in fiscal cliff talks (Reuters)

Rajoy’s Path to Bailout Clears as EU Endorses Austerity (Bloomberg)

Zhou Seen Leaving PBOC as China Picks New Economic Chiefs (Bloomberg)

Russia warns of tough response to U.S. human rights bill (Reuters)

Japan Opposition Leader Ups Pressure on Central Bank (WSJ)

Zhou Seen Leaving PBOC as China Picks New Economic Chiefs (Bloomberg)

China's New Government; Europe's New Official Stagflationary Recession

11-14-12 Dave’s Daily: http://www.etfdigest.com THE MARKET SELL-OFF INTENSIFIES 11-14-12 U.S. stocks rallied early on Cisco’s (CSCO) slightly better than expected report. The stock was initially up 8% while half of those gains were lost by the end of the trading day. Reality returned proving any early rally merely provides another exit. Some bulls like to point out when Obama was elected in 2008 stocks dropped 5% so the reelection should be nothing to worry about it. They neglected to mention stocks kept dropping for the next 5 months. After the news conference Wednesday investors saw little in Obama’s comments to assuage their fiscal cliff concerns, so selling intensified. This press conference followed on the heels of Geithner’s comments Tuesday that everything will be fine once we raise taxes.Markets reacted strongly to Israeli attacks on Gaza which killed a Hamas leader amping-up the region’s violence. Further, Egypt has made threats to Israel, including recalling its ambassador, over the Gaza attacks. This naturally caused an immediate spike in crude oil (USO) which given energy’s high weighting also rallied commodities (DBC) overall. The dollar (UUP) was flat while gold (GLD) rallied modestly. Also in currency markets the yen (FXY), (YCS) fell as the BOJ and government entered massive stimulus. The Chinese yuan (CYB) also established new highs on no particular news. The yuan has been rallying modestly almost every day the past couple of months and now is at an all time high. Some of this may be due to repatriation on concerns regarding the economic stability within the U.S. and eurozone. Bonds (TLT) and (IEF) were basically flat but the high yield sector (HYG) continues to trade more with stocks and fell.Overseas eurozone shares were weaker as Industrial Production in the region declined the most in 3 years, down 2.5%. The UK’s Bank of England lowered future GDP growth due to the ongoing financial crisis—and, here I thought this was over. The yen weakened as Japan boosted its stimulus package. In China the 18th Party Congress ended with few surprises. The China Construction Bank offered some “happy talk” stating it was confident it could contain problem loans.Retail Sales were weaker (-.3% vs -.1% expected & prior 1.1%) and ex-autos/gas (-.3% vs -.1% expected & prior .6%) so take your choice. Below is a chart demonstrated how Consumer Confidence and Retail Sales are coming together.

http://albertpeia.com/daves111412chart.gif

The PPI (-.2% vs expected -.1% expected & prior -.2%) and the silly “core” PPI (.-.2%% vs .2% expected & prior .0%) again take your choice. Within the data food prices (not that you eat) were higher by .4%. Business Inventories were higher (.7% vs .6% expected & prior .6%) so dependent on your view, not much to read into this report. Lastly Fed Minutes released this afternoon suggested an extension of QE to infinity.Stock market sectors leading the way lower included, well, just about everything. Oh wait, Abercrombie & Fitch (ANF) rallied but this didn’t help retailers (XRT) much overall.Volume was only slightly above recent averages while breadth per the WSJ looks like it posted an ugly 10/90 day away from the Nasdaq…’, With Over 100,000 Supporting Texas Secession, Ron Paul Weighs In ZH , The Four Charts That Corporate Bond Managers Fear The Most ZH ,

THE Biggest Story in Finance That No One Is Talking About

November 14, 2012 http://gainspainscapital.com

http://albertpeia.com/derivativesdebtdefaultovervaluedsecurities.htm

‘Modern financial theory dictates that sovereign bonds are the most “risk free” assets in the financial system (equity, municipal bond, corporate bonds, and the like are all below sovereign bonds in terms of risk profile). The reason for this is because it is far more likely for a company to go belly up than a country.

Because of this, the entire Western financial system has sovereign bonds (US Treasuries, German Bunds, Japanese sovereign bonds, etc) as the senior most asset pledged as collateral for hundreds of trillions of Dollars worth of trades.

The “hundreds” of trillions of Dollars of trades stems from a 2004 SEC ruling in which the SEC ruled that broker-dealers with capital bases above $5 billion (think Goldman, JP Morgan, etc) could increase their leverage above previously required levels while also abandoning market to market valuation methods (a methodology through which a security was priced at the value that a market participant would pay for it).

So, after the 2004 ruling, large broker dealers were permitted to increase their leverage levels dramatically. And because they could value their trades at whatever price their in-house models chose (what are the odds that these models were conservative?), the broker-dealers and large Wall Street banks are now sitting on over $700 trillion worth of derivatives trades.

Now, every large bank/ broker dealer knows that the other banks/dealers are overstating the value of their securities. As a result, these derivatives trades, like all financial instruments, require collateral to be pledged to insure that if the trades blow up, the other party has access to some asset to compensate it for the loss.

As a result, the ultimate backstop for the $700+ trillion derivatives market today is sovereign bonds. … In the US, we know that the top four banks have over $222 trillion in derivatives exposure with just $7 trillion in total assets. So the leverage here is roughly 31 to 1.

Using this as a ballpark estimate for derivatives leverage, it is very possible that Spain and Italy’s sovereign bonds are pledged as collateral for well over $100 trillion worth of derivatives trades ($1.78 trillion X 31 + $1.87 trillion X 31).

This is why Spain is dragging its feet about asking for a bailout: the mess of trying to sort out the collateral issues for €1.78 trillion in collateral that is backstopping what is likely tens of TRILLIONS of Euros’ worth of trades is capable of causing systemic failure….’

Big Miss In Retail Sales Paints Grim Picture For Holiday Shopping

Submitted by Tyler Durden on 11/14/2012

Here we go with the "but, but, Sandy" excuses. The just announced October retail sales tumbled, with their worst miss of expectations since May 2010, and the first sequential decline since June: printing at -0.3% for both the headline and the 'ex autos and gas', on expectations of a -0.2% and +0.4% rise. Ignoring for a second that the Commerce Department said that Hurricane Sandy had both positive (remember those massive lines in various stores ahead of Sandy) and negative impacts on retail sales, it would be truly inconceivable for the sellside Wall Street consensus of diploma'ed PhDs, which knew about Sandy's impact on retail sales well in advance, and thus could adjust its numbers, to actually, you know, adjust its numbers. Either way there is no way to spin the longer term major store sales trend (last chart), which shows that the US consumer, out of money, out of credit, and out of savings is entering the holiday season with little to zero disposable spending power.

As Good As It Gets

Submitted by Tyler Durden on 11/14/2012

While the impact of the Fiscal Cliff remains front-and-center in everyone's mind, SocGen's Albert Edwards has another, more prescient, insight into why stocks are reverting. In his words, "commentators are worrying about an impending fiscal cliff, we have actually already stepped off the profits cliff." As we noted last week, the divergence between markets and macro suggest a rather ghastly echo of 2008; as the market is falling in line with the dismal outlook for profits (rather than the more upbeat macro economic data). As far as the latter, we are getting close to a cyclical peak - so macro surprises are 'as good as it gets' - and for the former (earnings outlooks), Edwards shows an unprecedented level of optimism about EPS going forward. As we proceed into the new year, Edwards expects "the combination of poor profits and poor economic data to prove toxic."

House Republicans Find Corzine Guilty Of MF Global Collapse, Missing Funds; Democrats Refuse To Endorse Findings

Submitted by Tyler Durden on 11/14/2012

It appears that these days not even the Corzining of client money can happen without it being split across furiously polarized party lines. As it turns out hours ago, the Committee on House Financial Services released an advance glimpse into a report to be released in its entirety tomorrow, which puts the blame for the collapse of not only MF Global, but also the disappearance of millions in client money, right where it belongs: the firm's then CEO Jon Corzine. Yet that Corzine corzined millions, leaving clients scrambling in bankruptcy court in an attempt to recover what should have been segregated money from the very beginning, and also just happened to blow up one of the 21 Fed-anointed Primary Dealers, is not surprising: this has been long known by everyone. Those who need a refresher are urged to recall the Honorable's testimony before the House... or maybe not: after all it is not as if Corzine himself could recall a whole lot. Where it gets interesting is that the former Democratic governor, and senator, not to mention primary bundler for president Obama, is, in the eyes of the members of the committee, innocent: All the democrats on the Investigations Subcommittee refused to sign off on the findings, meaning that to them, Corzine is completely innocent. That this is purely a political move is glaringly obvious. It is also abhorrent, because as long as political ideology gets in the way of pursuing and imposing justice, the Banana States of America will remain just that.

Adding Insult To Rocket Attacks, Bank of Israel Now Underwater On Its Apple Position

Submitted by Tyler Durden on 11/14/2012

It was all going so well, first name terms with Obama and AAPL up 30% from where you bought it... a mere two months later and the Bank of Israel is now underwater on their AAPL shares and about to print bullets. We noted in early March what a ridiculous ponzi this was all becoming when the Bank of Israel announced its purchase of US equity positions including AAPL. In retrospect it is so gratifying to gloat at the self-confirming bias that enabled their reserve managers to buy on the way up as the stock that can do no wrong lifted all boats. Actually, it is easy to gloat in any 'spect'. We can only assume that Bernanke's Bat-phone is ringing off the hook this afternoon to 'get back to work' and come to the aid of his Bank of Israel mentor.

Frontrunning: November 14

Submitted by Tyler Durden on 11/14/2012

Don't jump to conclusions over general, Pentagon chief says (Reuters)

Bad times for generals: Pentagon demotes 4-star General Ward (Reuters)

Investors Pay to Lend Germany Money (WSJ)

Noda will no longer be watching... watching: Japan PM honors pledge with December 16 vote date, to lose job (Reuters)

New China leadership takes shape (FT)

Hispanic Workers Lack Education as Numbers Grow in U.S. (Bloomberg)

Quest for EU single bank supervisor stumbles (FT)

Anti-austerity strikes sweep Europe (Reuters)

Amazon faces new obstacles in fight for holiday dollars (Reuters)

SEC Expands Knight Probe (WSJ)

Singapore’s Casinos Lose Luster as Gaming Revenue Decline (Bloomberg)

Amid Petraeus sex scandal, Air Force to release abuse report (Reuters)

Geithner’s Money Fund Overhaul Push Sparks New Opposition (Bloomberg)

InVeRTeD MaRXiSM In AMeRiKa... Posted by: williambanzai7 Post date: 11/14/2012 - 14:33 Socialism for the wealthy, capitalism for the poor... {Yeah, this is well said; and, also when convenient in terms of wall street frauds/bailouts, the corollary strategy apposite here is their modus operandi of privatizing gains and socializing losses. All in plain sight, with a little help from their friends of course: The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). }

There Will Be War In The Middle East

http://theeconomiccollapseblog.com

http://albertpeia.com/warandmiddleeast.htm

11-13-12 Dave’s Daily: http://www.etfdigest.com ‘STOCKS FADE INTO THE CLOSE AGAIN 11-13-12 Markets rallied early then faded quickly into the close led by Microsoft (MSFT) and Intel (INTC). Since both are/were big hedge fund positions, one might imagine the big money is heading to the exits on the heels of Apple (AAPL) another previously large hedge fund holding. There wasn’t any economic data Tuesday from the U.S. In overseas market China enacted property taxes for the first time in Shanghai and Chongiq. Somewhat related in Hong Kong, seemingly always in a property bubble, a condo sold for over $8K per square foot…seriously. Pundits in China are now worried about falling retail sales. In the eurozone, Greece (no surprise) has been given a 2 year extension to implement austerity reforms and an agreement for interim funding has been put off until November 20^th.  At the same time the Greek government is running out of money and needs $32 billion by Monday I believe. However, the troika has not figured out how to fund this yet. The Greeks are wearing us all out. Beyond this, German Investor Confidence fell to -15.7 vs -11.5 which is hardly encouraging and perhaps the Germans are getting worn out by their southern neighbors.The dollar (UUP) and gold (GLD) were basically flat on the day. Stocks were led higher by a positive report by Home Depot (HD) which some assumed translated to a strong or recovering housing market. I’d say that is misleading. As I look about New England what I see are people remodeling existing homes they are unable to sell not to mention demand from destruction from Sandy. Commodities (DBC) were also mostly flat. Bonds (IEF) and (TLT) were higher.Truth be told we’re short via a half dozen leveraged ETFs. This hasn’t been a profitable thing to do when the Fed is in QE and ZIRP mode. That said, we’re also long a few markets putting us in a long/short position.Volume picked up on selling but is still relatively light. Breadth per the WSJ was negative and perhaps markets are short-term oversold again… , Marc Faber: Prepare for a Massive Market Meltdown CNBC | The markets are going to go into meltdown soon, so expect stocks to lose 20 percent of their value, Marc Faber, author of the Gloom, Boom and Doom report told CNBC on Tuesday. , Public pension funds face vast shortfall Marketwatch

US Budget Deficit Soars In October As Government Spends Over $300 Billion In One Month

ZeroHedge.com on 11/13/2012

Moments ago the MTS released the final October budget report. It was not pretty, although those who read our report on how much debt was added - $195 billion to be precise - in the first month of the 2013 Fiscal Year will know where this is going. The US budget deficit was expected to soar after the September surplus of $75 billion, driven entirely by calendar shifts and pre-election propaganda, to -$113 billion. That was optimistic: the total amount of overspending in October was $120 billion. What is distressing is that this was well above the $98.5 billion deficit from a year ago, and confirms that the long-term trendline of ever greater spending continues. This was also the fourth largest October deficit in history. And looking merely at the spending side of the ledger, the US government's outlays in October alone were $304 billion. This is the third biggest October monthly spend for the government ever, and just why of the all time high $320.4 billion record in October 2008, when everything imploded after Lehman failure and Hank Paulson was literally dousing the monetary flames with brand new Benjamins.

Guest Post: Welcome To The Nuthouse: How Private Financial Fiat Creates A Public Farce

Submitted by Tyler Durden on 11/13/2012

Farce #1: “Market value” and “free markets” have become a joke.

Farce #2: Private, self-assigned, fake value is being traded for public money at 100 cents on the dollar.

Farce #3: Printed money is backed by nothing.

Farce #4: We have a “free” enterprise system dominated by monopolies that force people to buy inferior goods and services at exorbitant rates.

Farce #5: High-level financial crimes, no matter how egregious or widespread, are not being prosecuted.

Farce #6: Risk is gone. Now there is only liability borne by citizens.

Farce #7: Productivity has been supplanted by parasitism.

Q2 Total Gross Notional Derivatives Outstanding: $639 Trillion

Submitted by Tyler Durden on 11/13/2012

Earlier today, the BIS, which has been doing everything in its power today to defend the 1.27 support in the EURUSD since the market open this morning, released its H1 OTC derivatives presentation update. There was little of material note: total OTC derivatives were virtually unchanged at $639 trillion gross, representing $25 trillion in net outstanding (market value), and $3.7 trillion in gross credit exposure. Here the PhD theorists will say gross is irrelevant because Finance 101 said so, while the market practitioners will point to Lehman, counterparty risk, and less than infinite collateral to fund sudden implosions of weakest links in counterparty chains, and say that it is gross (which until a recent revision of BIS data had been documented at over $1 quadrillion) that mattered, gross which matters, and gross which will always matter until finally everything inevitably collapses in a house of missing deliverable cards. Because not even the most generous sovereigns and central banks can halt the Tsunami once there is a failure of a major OTC Interest Rate swap counterparty. And whereas Basel III had some hopes it would be able to bring down the total notional in derivative notionals slowly over the next few years with a gradual deleveraging across all financial firms, the bankers fought, and the bankers won, because the last thing the current batch of TBTFs can afford it admit there is any hope they can ever slim down. The will... but never voluntarily.

Frontrunning: November 13

Submitted by Tyler Durden on 11/13/2012

The Bild is now a source for EURUSD stop hunts: Germany eyes 'bundled' loan payment to Greece-paper (Reuters, Bloomberg)

Congress comes back Tuesday to confront “fiscal cliff.”  (Reuters)

Gen. John Allen ensnared in Petraeus scandal (Politico)

FBI Agent in Petraeus Case Under Scrutiny (WSJ)

Comcast's NBCUniversal unit lays off 500 employees (Reuters)

University Fees Stoke U.K. Inflation (WSJ)

Consumers Closing Wallets in Japan Add to Noda’s Woes (Bloomberg)

John McAfee Wanted for Murder... and explaining bathsalt anal suppositories (Gizmodo)

Europe Gives Greece 2 More Years to Reach Deficit Targets (Bloomberg)

Where Spain Is Worse Than Greece (WSJ)

Microsoft's Windows unit head, once a possible CEO, exits (Reuters)

Glitch stops NYSE trading in 216 companies (FT)

Large European Banks Stash Cash (WSJ)

The death of San Bernardino: How a vicious circle of self-interest sank California city (Reuters)

Apple stores most productive US shops (FT)

Treasuries See U.S. Falling Over Cliff as Yields Converge (Bloomberg)

Bra-Bodysuits Make H&M One Hit Wonder as Zara Prospers (Bloomberg)

Will The Wealthy Race To Dump Stocks And Other Financial Assets Before The Fiscal Cliff Kicks In? http://albertpeia.com/dumpthecliff.htm

22 Signs That Voter Fraud Is Wildly Out Of Control And The Election Was A Sham http://albertpeia.com/22signsvoterfraudelectionsham.htm

5 mistakes retirees make choosing a Medicare plan

How to choose a health-care plan

11-12-12 Dave’s Daily: http://www.etfdigest.com ‘MARKETS CALM ON QUIET DAY 11-12-12 I suppose we could ask Cliff what his views might be and they might actually be as rational as some of the stuff I’ve been reading. I see a leading democrat, Senator Patty Murray (Washington) stated it would be okay to go over the cliff then return later to work something else out. Some say the most likely compromise would be an extension of everything but that would just leave things hanging out there. Obama believes he has a mandate rightly or wrongly and if that’s the case he would use it right away rather than wait. In the meantime those wanting a higher millionaire’s tax (Buffett et al) haven’t flooded pay.gov yet with their voluntary contributions.The U.S. experienced one of those semi-holidays, Veteran’s Day, with most markets open while bond markets were closed. In Japan the economy contracted 3.5% pushing the country to 5 recessions in 15 years. That must be some kind of failed Keynesian record. China reported a 19% decline in credit which shows what’s happening to consumers there. India noted a decline of .4% in industrial production vs +2.8% expected. Meanwhile inflation rose to 9.75%--they don’t do “core” rates as done in the U.S.—silly them!Meanwhile in the eurozone no deal has been reached for Greece despite vote and Spanish bonds sunk in price but U.S. stocks shrugged off all this bad news as the machines were fully engaged.The dollar (UUP) rallied slightly while gold (GLD) fell slightly. Commodities (DBC) were slightly weaker led down by oil (USO) and grains (JJG) primarily. Bonds (IEF) and (TLT) were flat overall. Stocks were led higher by biotech (IBB) and lower by homebuilders (ITB). Overall not much happened on this holiday.

Volume was light and breadth per the WSJ was slightly negative…’

Election Fraud? Obama Won More Than 99 Percent Of The Vote In More Than 100 Ohio Precincts

http://endoftheamericandream.com

http://albertpeia.com/wobamaelectionfraud.htm

‘Barack Obama received more than 99% of the vote in more than 100 precincts in Cuyahoga County, Ohio on election day.  In fact, there were a substantial number of precincts where Mitt Romney got exactly zero votes.  So how in the world did this happen?  Third world dictators don't even get 99% of the vote.  Overall, Mitt Romney received 30.12% of the vote in Cuyahoga County.  There were even a bunch of precincts in Cuyahoga County that Romney actually won.  But everyone certainly expected that Cuyahoga County would be Obama territory.  And in most of the precincts that is exactly what we saw - large numbers of votes for both candidates but a definite edge for Obama.  However, there are more than 100 precincts in Cuyahoga County where the voting results can only be described as truly bizarre.  Yes, we always knew that urban areas would lean very heavily toward Obama, but are we actually expected to believe that Obama got over 99% of the votes in those areas?  In more than 50 different precincts, Romney received 2 votes or less.  Considering how important the swing state of Ohio was to the national election, one would think that such improbable results would get the attention of somebody out there.  Could we be looking at evidence of election fraud hidden in plain sight? (Yes!)

Perhaps if there were just one or two precincts where Obama got more than 99% of the vote we could dismiss the results as "statistical anomalies" and ignore them.

But there were more than 100 precincts where this happened in the most important swing state in the nation…’

The Market Just Realized Two BIG Problems

November 11, 2012 http://gainspainscapital.com

http://albertpeia.com/2bigproblems.htm

‘The US Presidential election ended November 6, 2012. Since that time, the market has fallen 3%. There are a multitude of reasons for this, but the primary one is the fact that the markets is beginning to realize two key items:

1)   Everything that was a problem in the run up to the US election is still a problem (in fact many issues are now worse than they were a few months ago).

2)   Having engaged in pre-emptive and extreme actions to keep things calm in the run up to the election, the US Fed and ECB have run out of effective monetary bullets…’

Samsung Hikes Apple Component Price By 20%

Submitted by Tyler Durden on 11/12/2012

Two months ago, when we commented on Apple's pyrrhic courtroom victory in which it managed to halt sales of older generation Samsung smartphones - a "victory" which would backfire with Samsung phone sales soaring, while AAPL results missed, forcing the company to accelerate its product launch cadence to a ridiculous 3 months with news that the iPhone 5s is already in the works a month after the launch of the iphone 5 -  we said "The paradox here is that AAPL's victory is quite pyrrhic: if and when Samsung feels sufficiently threatened, it can just pull a Gazprom and halt the supply of mission critical components to the world's biggest publicly traded company." Naturally, the hyperbolic all out response would mean an immediate nuclear war of attrition between the two electronics giants. Instead Samsung would be even better served to show Apple who is boss in quantized increments. Today, it has done just that, forcing Apple to swallow a 20% price increase on hundreds of millions of Samsung application processors used in iPads and iPhones. "Apple first disapproved it, but finding no replacement supplier, it accepted the (increase.)" Game, set, match Samsung.

The Devil You Know

Submitted by Tyler Durden on 11/12/2012

Many Americans voted for “the lesser of two evils” and were disappointed in the result.  This must have been an emotional double whammy in the sense that not only did the guy you disliked so much that you were willing to vote for a candidate you didn’t like win, but you didn’t vote your conscience. What allowed Mike Krieger to do this was the complete and total recognition that under both major candidates America loses. His major issues are:

The Federal Reserve scam and Wall Street theft.

Civil liberties and the destruction of the Constitution.

Our aggressive foreign policy and imperial wars abroad that help only the oligarchs and impoverish the masses.

The country has cancer, not a common cold, and our response therefore must be much more serious than either of these corporate candidates are willing to commit to. Unfortunately, it will get ten times worse in the coming years, and we strongly believe that 2013-2016 will be a historic period in the political transformation of the United States.  The show is over.  It’s time to buckle up.

The Five Stages Of A Sovereign's Life-Cycle

Submitted by Tyler Durden on 11/12/2012

Bridgewater's Ray Dalio believes four factors drive relative economic growth: competitiveness, indebtedness, culture, and luck. The returns from his machine-like investment process clearly indicate he is on to something as he notes that the most powerful influences of this relative income (and power) are 1) the psychology that drives people’s desires to work, borrow and consume and 2) war (which we measure in the “luck” gauge). Throughout history, Dalio advises these two influences have changed countries’ competitiveness and indebtedness which have caused changes in their relative wealth and power. He goes on to add that since different experiences lead to different psychological biases that lead to different experiences, etc., certain common cause-effect linkages drive the typical cycle of a nation's growth, power and influence - and that countries typically evolve through five stages of that cycle.

The Gini Is Out Of The Bottle: Did China "Outcapitalism" The US, Or Did America "Outcommunism" China?

Guest Post: America Isn't The Greatest Country Anymore

Submitted by Tyler Durden on 11/12/2012

It may seem blasphemous on such an important day of remembrance to suggest that what is being protected is somehow not as worthwhile as it once was but as Street Talk Live's Lance Roberts shows America is no longer the greatest country in the world - based on numerous statistics... 7th in literacy, 27th in math, 12th in prosperity...You get the idea.  The rise of economic strength was built on the backs of hard working Americans who built stuff from skyscrapers to railroads.  We farmed, we produced and we raised families.   The pride of "built in America" was the flag that we waved. America has become a debtor nation and the cancer of debt has eroded our economic prosperity…  Newsroom's Will McAvoy is right: "The first step in solving any problem is recognizing that there is one."

The UK's Most Disturbing Number: Total Unfunded Pension Obligations = 321% Of GDP

Frontrunning: November 12

Submitted by Tyler Durden on 11/12/2012

Jefferies to be bought by Ian Cumming's Leucadia in an all-stock deal for $3.59 billion or about $17/share (WSJ)

FBI Scrutinized on Petraeus (WSJ)

Identity of second woman emerges in Petraeus' downfall (Reuters)

SEC staffers used government computers for personal use (Reuters)

Japan edges towards fifth recession in 15 years  (FT)

Europe Finance Chiefs Seek Greek Pact as Economy Gloom Grows (BBG)

Americans Say Europe Lesson Means Act Now as Austerity Will Fail (BBG) - of course it would be great if Europe had ever implemented austerity...

Greece battles to avert €5bn default  (FT)

You don't bail out the US government for nothing: No Individual Charges In Probe of J.P. Morgan (WSJ)

Israel Warns of Painful Response to Fire From Gaza, Syria (BBG)

Greece's far-right party goes on the offensive (Reuters)

Don’t fear fiscal cliff, says Democrat  (FT)

Apple Settles HTC Patent Suits Shifting From Jobs’ War (BBG)

Man Set on Fire in Argentina Over Debt (EFE)

Iraq cancels $4.2-billion weapons deal with Russia over corruption concerns (Globe and Mail)

An Honest Guy on Wall Street (Bloomberg)

EPITAPH FOR AMERICA: Nothing quite succeeds like failure in america. I had tried to help underdog (and outsider and former missionary and hard worker and straight shooter) Mitt Romney by coming out early and unequivocally in support of him and change in the disastrous direction of america, unequivocally in decline. Importantly, that also gave me 'license' to say what needed saying but what everyone considers politically incorrect, impolitic, or brutally honest and/but are afraid to say. The key(s) to the election debacle here were the threat of riots and violence by the typical uncivilized niggers. After all, americans generally are without doubt an inherently cowardly people and war-mongering bullies as indicated by past and recent history. I saw this first hand by particularly that screaming old lady lying on the ground, blood streaming from her mouth, purse stolen by the nigger who calmly walked away as whites among others walked, passed her by in fear (see immediately infra). Truth be told, I bit my tongue and cringed at every Romney link to corrupt, venal war criminals/criminals/mobsters bushes, cheney, trump, kean, (republicans alito, et als) etc., who have substantially damaged me (along with referenced democrats, to be fair). Then there's that contra-indicated love-fest with war mongering/war crimes nation, illegal nuke totin' israel (almost more than I could bear). On the positive side, trusting in GOD only as I do, I must confess I was happy to see the destruction of the jersey shore and appropriately, rockaway beach, queens, new york (jersey mob and gambino crime family connection). A lesson to all, Romney particularly, never trust a half-breed sicilian former federal government slug; that rotund humpty dumpty christie of jersey infamy. Amazingly, the very people who've been and will prospectively be damaged by nothing more than a mentally troubled fraud, grifter, jive-talking b***s***/con artist obama, gave him the blind support he needed to prevail regardless of his unequivocally failed four years of prior broken campaign promises, reality, and rationality. Self-destructive, mentally challenged/troubled losers? That fits! That america is a hopelessly failed, bankrupt nation in decline, there is no question!

MSNBC Yet Again Implies Criticism of Obama Is Racist Paul Joseph Watson | General Electric-owned (49%) network is earning its federal bailout money. [Yet, it's holder / wobama who're the racists ... Robinson: King's dream remains unrealized (Washington Post) [ Yeah! That 'content of their character' thing's a b***ch to live up to ... just don't measure up! What's a white person to do, especially when black atty. General Holder with fellow black Obama's tacit approval is racist himself (themselves) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...'ignore cases that involve black defendants and white victims '. Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white people'... [ Typical ... ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security...

[ .. (the following incident is my personal experience: black perps, white victims)' ... while walking through Military Park (a sliver of a 'park' - more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion (limbic system / adrenalin flow) I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped / a crowd gathered / an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA's position with both felonies ( he went to prison - pled out ). The other case I wrote about here ( This was included on my website in the Psychology forum discussion of 'bystander effect' / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparently had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp (a police officer here in California was the object of intense criticism for having used a flashlight to subdue a criminal after a long chase so I included that here) . The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal went to jail (where they belong). The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so. I was also mugged by 4 blacks and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves 'whites' http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm ]

11-9-12 Dave’s Daily: http://www.etfdigest.com ‘COMPROMISE SEEMS FUTILE AS CLIFF NEARS 11-9-12 ‘Boehner stepped forward Thursday with a softer tone on compromise with the administration. Then the president invited all to meeting next week to discuss the fiscal cliff and to seek some compromise. But just a short time ago the WH stated the president will veto any bill that extends existing tax cuts for the wealthy. This is reminiscent of the Simpson-Bowles Commission aftermath when the much awaited report was tossed into the trash can with a “thanks for coming” dismissal.Now we just have learned CIA Director David Patraeus has resigned over an exta-marital affair. Just after the election—how convenient. He was probably outed by CIA insiders. Things just get curiouser and curiouser.I would put forward this now, why don’t we just go over the cliff, get it over with and let things get sorted out from the wreckage? It would be tough certainly but we should’ve gone over the cliff by letting the banks fail in 2008-2009 putting it behind us. Stocks being short-term oversold attempted a rally but there wasn’t much follow-through or conviction behind it. This is due to the lack of any sense of compromise over the fiscal cliff.Economic data featured the over-rated U. of Michigan Consumer Sentiment report (84.9 vs 81.5 expected). The index is based heavily on stock market prices which carried over from October and I prefer the Conference Board’s data as it isn’t so skewed by markets.The dollar (UUP) continues to be strong while uniquely gold (GLD) also rises as investors scramble for safe havens. Bonds (TLT) also reversed course from earlier losses as prices rose. Commodities were mildly positive mostly on the strength of energy. As to this, oil (USO) was pressured higher by an admitted Iranian strike on a U.S. drone of which we seem to have so many. Tech (XLK) bounced as Apple (AAPL) shares were able to catch a bid. Semiconductors (SOXX) were also stronger but homebuilders (ITB) were weak.Volume remains elevated still and breadth per the WSJ was rather flat…’, Drop echoes 1987 crash prelude The charts, timing and news cycle bear more than a passing similarity to the period before October 1987, writes Jon D. Markman. ‘The Dow Jones Industrials have fallen 450 points over the past two days, and a lot of the blame has been placed on the re-election of the president. But anyone paying attention to the market over the past three months recognizes that the peak was actually made the week that the Federal Reserve announced a third round of quantitative easing. That was expected to be a positive event, but in retrospect, it ushered in a rolling thunder of value-eroding news events…’ , Dow Theory now on a sell signal? Did the Dow Theory generate an official sell signal earlier this month? Two of the Dow Theorists whom Mark Hulbert monitors say yes.

GEORGE BUSH ACCIDENTALLY VOTES FOR OBAMA http://albertpeia.com/hessuchadope.htm { He’s such a dope! } { Forget the ‘new bush’ (george p. bush), same as the old bush … poor Texas … wants to finish the job of destroying the GOP and america. Even Reagan was not unscathed … cocaine distribution under the guise of some vague alleged black op with obfuscating global skullduggery … that has incompetent senior bush written all over it … spelled Iran Contra … they do it for the money and primarily because they can’t do anything else well and think they’re entitled to wealth however and by whatever means achieved … http://albertpeia.com/CIAAgentAffidavit1.jpg }

OLIVER STONE: 'I find Obama scary'... { Indeed! }

Share This Massive List Of Post-Election Firings And Layoffs With Everyone You Can

http://theeconomiccollapseblog.com

http://albertpeia.com/postelectionfiringslayoffs.htm

The Videos Every Investor Needs to See

November 9, 2012 http://gainspainscapital.com

http://albertpeia.com/videosinvestorsmustsee.htm

‘We have just completed a series of videos detailing some of the risks posed to the financial system by the Federal Reserve as well as the European banking crisis… These videos are free and available at: www.abovethecrash.com ‘

Exclusive: Bank Of England To The Fed: "No Indication Should, Of Course, Be Given To The Bundesbank..." ZeroHedge.com "Recently, Johnson Matthey have put 172 “bad delivery” U.S. Assay Office bars into good delivery form for account of the Deutsche Bundesbank. These bars formed part of recent shipments by the Federal Reserve Bank to provide gold in London in repayment of swaps with the Bundesbank. The out-turn of the re-melting showed a loss in fine ounces terms four times greater than the gross weight loss... No indication should, of course, be given to the Bundesbank, or any other central bank holder of U.S. bars, as to the refiner’s views on them." , Meet Alex - The Real 'Not Lazy Bastard' Greek While Mr. Panos has often been used as the poster boy for the Greek people, his shortened premise is - we will keep taking the Europeans money until they no longer want to give it to us. In the meantime, the Greek people have suffered due to the previous largesse of their government and need for a 'reversion' to the mean of their relative wealth. The following brief clip offers some insight (or defense) of who the real man-on-the-street is in Greece…’ , Worst Week In 5 Months For Stocks Cash equity markets closed the day very marginally in the green - ending the worst week in over five months. S&P 500 futures are bleeding red after-hours as we note significant volume came in after the President began speaking - from which we closed down 1%. Cross-asset correlations were extremely high today as it seemed all about equities (and equities were all about AAPL). Credit markets (and volatility) were not enjoying the morning party as much as stocks but by the close equities reverted back down to reality. Gold remains the week's big winner (post-election) but we note that 10Y yields fell from over 1.75% into the election to under 1.60% at their lows today. The USD ended the week +0.6% and Treasury yields down 10-15bps. AAPL gained 1.75% (phew) but traded extremely technically with heavy volume around VWAP into the close which helped Tech slightly outperform Financials on the week (-2.5% vs -3.1%). A day of technical bounces and all eyes on stocks... , Consumer Confidence Rises To Highest In Over 5 Years Just As Market Tumbles Earlier we asked a simple question: What time is the all time highest UMich Consumer Sentiment out? the answer is 9:55... and while not an all time high, LOLfidence, pardon, CONfidence just printed the highest number since July 2007!

Did Petreaus Betray Us (And If Not Us, His Wife... After The Election Of Course)

Submitted by Tyler Durden on 11/09/2012

Update, in which we find the true reason for the affair: Petraeus Won’t Testify on Benghazi Next Week, Senate Aide Says.  In other words, next time one is called to testify before a panel over the deaths of 4 people including one US ambassador, one just pulls the infidelity "get out of testimony" card and all is well.

A mere few days after the re-election of our president, CIA Director David Petraeus annoucnes his resignation:

*CIA DIRECTOR DAVID PETRAEUS RESIGNS

*PETRAEUS SAYS HE ASKED OBAMA TO BE ALLOWED TO RESIGN: NBC NEWS

The reason - an extra-marital affair...

Are Markets And Macro Repeating 2008?

Submitted by Tyler Durden on 11/09/2012

In mid 2008, when macro data surprises were very weak, equity markets continued to push inexorably higher; happily ignorant of reality as The Fed has your back, 'bad is good', and the impossible was still impossible. This rally front-ran the economic surprise data - as economists had (in their ubiquitously extrapolant manner) over-cooked the downside and a reflexive bounce and rate cuts swung us into the green economically and market-wise. That surge in macro surprise data proved fleeting and we crashed a few short months after. Four years later and once again we are told that 'bad is good', every central bank is just dying to add more liquidity fuel to the fire, and macro data is 'surprising' to the upside. However, instead of following the 2009, 2010, and 2011 patterns, we are mimicking that 2008 pattern as 3-month S&P return turns red while ECO data is still rising. We suspect the hope-driven 'magic' in that ECO data will rapidly fall to the bottom-up-biased earnings data we discussed earlier and while 'expecting' a 30% plunge in stocks is a little much - we've seen this kind of hopeful optimism dashed before on the rocks of reality.

Guest Post: Trade Deficit - Increase In Exports To Be Short Lived

Submitted by Tyler Durden on 11/09/2012

The U.S. trade balance in September improved, largely on petroleum, with a rebound in exports.  This was good news for a single economic data point and it sent mainstream economists to mistakenly begin boosting third quarter GDP estimates to 2.9% from the 1st estimate of 2.0% that we saw last month. The important point is that the trend of exports, and imports, has been negative as the recession in Europe, and slowdown in China, have reduced end demand. There are a numer of reasons that the recent positive boosts to the trade deficit data are more likely temporary in nature and will be revised away in the months ahead.  "Regardless of when the NBER officially announces the start date of the next recession - the damage will have already been done to investors."

Europe Ends Worst Week In Six On AAPL-Driven Upswing

Is Micro Weakness Smelling A Macro Collapse?

USA As Seen By Europe: The Next Greece?

Frontrunning: November 9

Submitted by Tyler Durden on 11/09/2012

Greek Aid Payment Call Won’t Be Made Next Week, EU Official (Bloomberg)

Eurozone faces brinkmanship on Greece (FT)

Pressure Rises on Fiscal Crisis (WSJ)

The JC Penney massacre continues (BBG) - In other news, any minute now Bill Ackman will get that 15x return...

SEC left computers vulnerable to cyber attacks (Reuters) cue "back door Trojan" jokes

Former Goldman trader accused of fraud (FT)

Elizabeth Warren's Inadvertent Best Friends: Wall Street and Republicans (BusinessWeek)

Zurbruegg Says Managing SNB Currency Reserves Is Major Challenge (BBG)

Obama ally leads push on fiscal cliff (FT)

Britain threatens to block banking union (FT)

PBOC’s Zhou Says China’s Economy Improving as Data Due (Bloomberg)

China slaps duties on steel tube imports (FT)

Obama to Make Statement on Economic Growth, Cutting Deficit (Bloomberg)

Is The 29 Hour Work Week Coming As Employers Seek To Escape The Obamacare Mandate?

Craig Bannister | Companies are reportedly planning large layoffs due to the implementation of Obamacare.

HSBC accused of helping British drugs and arms dealers launder money by opening thousands of bank accounts in Jersey

Daily Mail | Britain’s biggest bank has been accused of helping drug-dealers and gun runners launder money and evade tax in Britain with offshore accounts.

Fiscal Cliff Worries Drive Gold to $1,731

Kurt Nimmo | $1,600 territory likely a thing of the past.

Obama’s economic policies explained for Earthlings

Mike Adams | In case you haven’t noticed, the U.S. populace — as well as its delusional political leadership — has resigned itself to the intellectual lazy-ism of “Let’s just SPEND our way out of this mess!”

11-8-12 Dave’s Daily: http://www.etfdigest.com ‘NEGATIVE REACTION TO HIGHER TAXES 11-8-12 It’s pretty simple, raise taxes and before they take effect investors, especially insiders, will lock up what gains they might have and book them. Current low levels of capital gains and dividend tax rates are under assault. I guarantee you as lawmakers see these market declines increase a softer tone may begin to appear. If not then they’re committing investment suicide. Currently Harry Reid indicated that the country has given a mandate to Obama to raise taxes. At the same time John Boehner has stated vaguely that some common ground could be found by eliminating some “loopholes”. Either way, taxes would rise.As this story noted Bernanke & Co might take QE3 to $1 trillion if the fiscal cliff is unsettled.Stock investors are selling first and asking questions later. Permabulls, especially those with fees at stake, are spinning for investors to buy. We’re nearly 70% in cash in our lead portfolio and long some income sectors.We will stay this way until the dust clears and more certainty builds.It didn’t help that equity leaders like Apple (AAPL) continue to free fall and even trusty McDonalds (MCD) posted its first sales decline in nearly a decade.The politics of the moment are murky and the only voice of reason from my perspective came from Ron Paul Thursday. He was defeated early by the plutocracy of left and right but his words today make the best sense: "People do not want anything cut," he said. "They want all the bailouts to come. They want the Fed to keep printing the money. And they don't believe that we've gone off the cliff or are close to going off the cliff. They think we can patch it over, that we can somehow come up with some magic solution. But you can't have a budgetary solution if you don't change what the role of government should be. As long as you think we have to police the world and run this welfare state, all we are going to argue about is who will get the loot."Paul was defeated perhaps because he didn’t come across as telegenic or “cool” but more significantly because he would have screwed the vested interests (plutocracy) on both the left and right.Greeks voted last night to accept the austerity agreed upon with the troika. The vote took place while the rioters were sleeping. But, they’ll be back. How long this will hold together is anyone’s guess. One thing is true: TPTB in the eurozone will do everything and anything to keep this house of cards together.Jobless Claims (355K vs 370K expected & prior 363K) were better but Sandy skews this week’s data and next. So it’s not a valuable data point.The dollar (UUP) was stronger but so too was gold (GLD) which is an odd pairing. Commodities (DBC) (USO) were somewhat stronger as perhaps investors are looking for “real” things. With most commodity tracking ETFs they’re heavily weighted by energy and news of an Iranian air strike on a U.S. drone (on news from last week) helped boost oil. Bonds (IEF), (TLT) and (TIP) continued to gain in strength as stocks fell.Volume was once again elevated as selling intensified…’, 8 reasons the selloff could get much worse Marketwatch

The Eight Scariest Charts For Equity Bulls

Submitted by Tyler Durden on 11/08/2012 -

It would appear Mark Twain's infamous quote that "history does not repeat, but it does rhyme" has never been so apt. The following eight charts suggest the rhythm is getting louder and louder. How is it possible? It's nonsense? Well at the heart of the markets, it is still us humans and our endearing greed, fear, and heuristic biases that drive the flows... trade accordingly. “Everything that needs to be said has already been said. But since no one was listening, everything must be said again.” — André Gide

Ron Paul: "Pure Democracy Is Dangerous"... When It's Purchased

Submitted by Tyler Durden on 11/08/2012

From an outright libertarian, the headline seems contrary; but Ron Paul's affirmation that "pure democracy is dangerous" critically confirms what Romney accidentally admitted: that enabling the majority to dictate the minority is a problem when the majority are receiving a [government] check. Bloomberg TV's Betty Liu looks a little shocked when the thoughtful Paul confirms bluntly that the reelection of Obama is driven simply by 'the people' being on the 'receiving end' of government benefits and that the US is "so far gone; we're over the cliff already." From the lack of credibility in Washington to GOP's 'acceptance' of higher taxes and why he quit Congress, Ron Paul succinctly reminds many of the true state of the union in which we live... "As long as you think we have to please the world and run this welfare state, all we will argue about is who will get the loot."

First Ohio; Next 'The Moon'? Submitted by Tyler Durden on 11/08/2012 While markets are digesting the probabilities of a dramatic rise in taxes and cut in spending as we approach the fiscal cliff, it appears that behind-the-scenes there has been a secret plan that we can only imagine is designed to rocket-boost us over the cliff - new manned missions to the moon. As Space.com reports, NASA is serious about sending astronauts back to the moon's neighborhood and will likely unveil its ambitious plans soon now that President Barack Obama has been re-elected, experts say. They go on to comment that "The space agency has apparently been thinking about setting up a manned outpost beyond the moon's far side, both to establish a human presence in deep space and to build momentum toward a planned visit to an asteroid in 2025. The new plans have probably already been cleared with the Obama Administration but have been kept under wraps in case Republican candidate Mitt Romney won Tuesday night's (Nov. 6) presidential election." While the claims are that this will not increase the budget, we suspect out-of-this-world manned outposts cost a little more than the $17.7bn budgeted for NASA in 2013... someone is clearly eating space-cakes. Ironic really given our earlier post... { Riiiiight! Sounds like a plan! After all, the new mooney gold and mooney diamond mines on the mooney moon will pay for themselves and the mission … The reality though is a new boondoggle to fleece the treasury/taxpayers…

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

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

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

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

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

The Politicians We Have Chosen Reflect Who We Are As A Nation

http://theeconomiccollapseblog.com

http://albertpeia.com/politicalmirror.htm

America Has Shifted To The Left And The Culture War Is Over

http://endoftheamericandream.com

http://albertpeia.com/americasleftturn.htm

16 Quotes That Show How Much People Are Freaking Out Over Four More Years Of Obama

http://thetruthwins.com

http://albertpeia.com/16quotesfreakout.htm

Did the Bank of England Just Kill the QE Trade?

November 8, 2012 http://gainspainscapital.com

http://albertpeia.com/bekillsqe.htm

We Aren’t In Kansas Anymore

Mark J. Grant | We are caught between three cliffs at present.

Harry Reid on Hiking Debt Limit to $18.794T: ‘We’ll Raise It’

CNS News | “But please everyone accept this: They tried it before—they, the Republicans.”

Marc Faber and Jim Rogers: “Obama is a Disaster… You Should Buy Yourself a Machine Gun”

investmentwatchblog.com | Obama re-election means disaster is now guaranteed.

1 in 4 Greek workers unemployed as joblessness hits record 25.4%

RT | Greece’s unemployment rate reached a record high of 25.4 percent in August.

Debt Ceiling Likely to be Raised Without Fanfare This Time

New American | “Spending cuts in the future” are part of the “fiscal cliff” facing the lame-duck Congress following the election on Tuesday.

Fed Report: 100% Chance of Recession

Mac Slavo | Now that the election is over, the propaganda media can back off the burying of those critical stories that they couldn’t be bothered to report in the lead up to the re-election of President Obama.

MARC FABER: Obama Is A Disaster, The Stock Market Should Have Fallen 50%, And You Should Buy Yourself A Machine Gun

Investment Watch Blog | “I doubt [Obama] will stay at the presidency for another four years. I think there will be so many scandals”

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

Thousands Of Shocking Threats Of Violence By Obama Supporters On The Eve Of The Election
http://theeconomiccollapseblog.com
http://albertpeia.com/funlovinniggers.htm
{These dumb niggers/losers (that includes ‘the white folks’ et als self-destructively supporting unequivocally failed, jive-talking grifter, nigger obama) are nothing less than terrorists and should be treated accordingly; unless the so-called ‘war on terror’ was but a diversion from the incompetence and failure of this and prior administrations! }

11-7-12 EPITAPH FOR AMERICA: Nothing quite succeeds like failure in america. I had tried to help underdog (and outsider and former missionary and hard worker and straight shooter) Mitt Romney by coming out early and unequivocally in support of him and change in the disastrous direction of america, unequivocally in decline. Importantly, that also gave me 'license' to say what needed saying but what everyone considers politically incorrect, impolitic, or brutally honest and/but are afraid to say. The key(s) to the election debacle here were the threat of riots and violence by the typical uncivilized niggers. After all, americans generally are without doubt an inherently cowardly people and war-mongering bullies as indicated by past and recent history. I saw this first hand by particularly that screaming old lady lying on the ground, blood streaming from her mouth, purse stolen by the nigger who calmly walked away as whites among others walked past her by in fear (see immediately infra). Truth be told, I bit my tongue and cringed at every Romney link to corrupt, venal war criminals/criminals/mobsters bushes, cheney, trump, kean, (republicans alito, et als) etc., who have substantially damaged me (along with referenced democrats, to be fair). Then there's that contra-indicated love-fest with war mongering/war crimes nation, illegal nuke totin' israel (almost more than I could bear). On the positive side, trusting in GOD only as I do, I must confess I was happy to see the destruction of the jersey shore and appropriately, rockaway beach, queens, new york (jersey mob and gambino crime family connection). A lesson to all, Romney particularly, never trust a half-breed sicilian former federal government slug, that rotund humpty dumpty christie of jersey infamy. Amazingly, the very people who've been and will be prospectively damaged by nothing more than a mentally troubled fraud, grifter, jive-talking b***s*** artist obama, gave him the blind support he needed to prevail regardless of his unequivocally failed four years of prior broken campaign promises, reality, and rationality. Self-destructive, mentally challenged/troubled losers? That fits! That america is a hopelessly failed, bankrupt nation in decline, there is no question!

MSNBC Yet Again Implies Criticism of Obama Is Racist Paul Joseph Watson | General Electric-owned (49%) network is earning its federal bailout money. [Yet, it's holder / wobama who're the racists ... Robinson: King's dream remains unrealized (Washington Post) [ Yeah! That 'content of their character' thing's a b***ch to live up to ... just don't measure up! What's a white person to do, especially when black atty. General Holder with fellow black Obama's tacit approval is racist himself (themselves) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...'ignore cases that involve black defendants and white victims '. Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white people'... [ Typical ... ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security...

[ .. (the following incident is my personal experience: black perps, white victims)' ... while walking through Military Park (a sliver of a 'park' - more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion (limbic system / adrenalin flow) I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped / a crowd gathered / an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA's position with both felonies ( he went to prison - pled out ). The other case I wrote about here ( This was included on my website in the Psychology forum discussion of 'bystander effect' / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparently had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp (a police officer here in California was the object of intense criticism for having used a flashlight to subdue a criminal after a long chase so I included that here) . The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal went to jail (where they belong). The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so. I was also mugged by 4 blacks and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves 'whites' http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm ]

Dave’s Daily: http://www.etfdigest.com ‘… I must say the election results weren’t a great surprise but the outcome did make me wonder about what country I’m living in. After all, what president could run on this kind of record and win?…’{ Don’t buy into the fraudulent ‘wall street for Romney’ purported scenario as they cheered every contraindicated fiscal/political pro-obama move/misstep with a contraindicated pro-obama rally. Wall street, like obama, is just b***s*** and fraud! } ‘FISCAL CLIFF HISSY FIT 11-7-12 It could probably be argued reasonably that insiders who own large equity positions with large profits are hitting the sell button Wednesday to take advantage of current tax rates. The fiscal cliff will be much discussed over the next two months. A failure to reach a compromise will mean large tax increases on capital gains and dividends. So insiders sell and markets decline.There was a sense Tuesday that Obama would win so markets rallied on thoughts QE and ZIRP would remain in place. But that sentiment was misplaced by me since pundits subsequently suggested the rally was due to a Romney win. Well, what do I or anyone know really? Obama getting the vibe of a lower stock market from his advisors was on the phone with Boehner, Pelosi and Reid to get them focused on a fiscal cliff compromise. This is type of thing that can only be done once the votes are all in and his base satisfied. That’s a nice start but in the end there is still gridlock. I must say the election results weren’t a great surprise but the outcome did make me wonder about what country I’m living in. After all, what president could run on this kind of record and win? Some said it was because people personally liked Obama more than Romney. Others suggested Obama’s single appearance during post hurricane Sandy showed he cared about people. (Even MSNBC’s harsh pundit Chris Matthews stated: “I’m so glad we had that storm”. I don’t think Bush could’ve survived that one.) I believe Obama won due to changing demographics and a new found belief in big government even if that’s misplaced {Yes…so many people/obama supporters with a complete lack of self-respect/self-worth}. In Greece another extension is in the works as rioters take to the streets of Athens. They’re running out of tear gas canisters so a delay would make some sense. Without embracing the austerity package Greece would run out of money Monday. One would assume eurozone powers that be would not wish to see a default and a Grexit. This gave rise to Mario Draghi stating: “The debt crisis is starting to hurt Germany…and German rates are lower than they would otherwise be” meaning the euro should be lower. As this was announced German Industrial Output fell -1.8% vs .7% expected.So after stocks rallied Tuesday on light volume the opposite occurred Wednesday with a vengeance posting one of the largest declines in a year. Almost all sectors were hurt Wednesday led by a reversal in coal (KOL) and defense (PPA). Banks (KBE) were thought to be weak with the Obama victory while homebuilders (ITB) outperformed. Further Apple (AAPL) shares broke down into bear market territory (20% decline from recent highs) but managed a slight recovery. Given the company’s heavy weighting in indexes its condition is always impressive. Earnings today were reported but they took a back seat to the fiscal cliff and Greece.The dollar (UUP) was slightly stronger along with the yen (FXE) on a flight to safety. Gold (GLD) was slightly higher as well. Bonds (IEF) & (TLT) also rallied sharply as stocks plunged. Commodities (DBC) and oil (USO) especially were also weak. All in all it was a “risk off” day as Mr. Market will pressure politicians in DC to get a deal done.Volume was very heavy as stops were hit and no doubt some margin calls will be forthcoming. Breadth per the WSJ approached a 10/90 day…’ , Obama's Re-Election Party Cut Short By Biggest Market Plunge In 1 Year , Guest Post: Time To Focus On 'Return Of Capital' , Charting The Great Stagnation Of American's Real Productivity , And Now Come The Margin Calls: NYSE Margin Debt At 16 Month High , AAPL Enters Bear Market

Marc Faber's Asset Protection Plan: "Buy A Machine Gun", No Really, "You're Right, Buy A Tank"

Submitted by Tyler Durden on 11/07/2012

Trish Regan and Adam Johnson do their best to hold themselves together in this sublime rant by 'Gloom, Boom & Doom's Marc Faber on Bloomberg TV as he sees Obama's re-election as "very negative for the economy". From his view that the market should be down at least 20% - and maybe 50%, to the implied ignorance of both of the candidates, he believes fervently that the "standards of living of people in the western hemisphere will continue to decline." Faber views Obama's re-election as one of many unintended consequences of market manipulation (since Democrat attacks on the wealthy were 'enabled' by their profiteering from Bernanke's money printing) and sees the need to protect one's assets "with a gun, a machine gun... or perhaps a tank." He concludes with a stunner as he exclaims his view doubting Obama will make it through the whole four-year term because "there will be so many scandals" since "there is so much smoke, there must be some fire!"

Biderman On Obama As The Worst 'Fiscal' President Ever

Submitted by Tyler Durden on 11/07/2012

The US government will be bankrupt after another four years of the same Obama we had for the past four. Fitch as much as confirmed this when it suggested a downgrade is coming. TrimTabs' Charles Biderman takes us succinctly through the painful math of just what has happened in the last four years: since Obama has been president after-tax take-home pay for everyone who pays taxes is still down by about 5% nominally and more than 10% after inflation. Dismissing GDP as anything but a misguided and misused spreadsheet output, the bombastic Biderman is concerned - and rightly so - as he sums up: "My guess is that Mr. Obama and his close buddies have no idea what they are doing, or else they would not be doing what they have been doing. The most dangerous are those people who think they are smarter than they are."

In September Uncle Sam Continued To Hand Out Car And Student Loans Like A Drunken Sailor

Submitted by Tyler Durden on 11/07/2012

Following one of the highest monthly jumps in consumer credit in August, the September data showed that following the drop in household savings to a multi-year low, consumers naturally retrenched, and had no choice but to pay down debt. As the just released G.19 confirmed, in September, households once again reduced their credit card debt, which declined by $2.9 billion to $852 billion. This was the fourth such decline in six months, confirming that at the discretionary level where banks have supervision over borrowings, the consumer is still nowhere near willing to relever. Where, there was leverage, a lot of it, was once again in the government sector, which funded $13.8 billion of the total $14.6 billion rise in NSA credit, and where non-revolving credit: read loans for Government Motors, at least those that have not been record channel stuffed (as reported previously) and Federal Student Loans, which are now over $1 trillion, rose by $14.3 billion in one month. Of course, the difference between revolving and non-revolving credit is that while banks expect the former to be paid off eventually, Uncle Sam has no such illusions on any low APR debt it hands out to anyone who asks for it (and if the proceeds from student loans are used to purchase iPads, so be it).

Guest Post: No Undue Fallout From Money Printing

Submitted by Tyler Durden on 11/07/2012

John Williams, president of the San Francisco Fed, yet another noted dove, thinks nothing can go wrong by printing gobs of money. There is no inflation, and there never will be. They have the 'tools' to avert it. Never mind the explosion of the money supply over the past four years – it is all good. Have no fear though, as Williams notes: "Once it comes time to exit its super-easy monetary policy, the Fed will target a 'soft landing,'" The hubris of these guys is jaw-dropping. We are struck by the continued refusal by Fed officials to even think for a second about the long range effects of their policies. In the meantime, money printing continues to undermine the economy. Wealth cannot be generated by increasing the money supply – all that can be achieved by this is an ephemeral improvement in the 'data' even while scarce capital continues to be malinvested and consumed.

Guest Post: The Case For A Constitutional Convention In 2016

Submitted by Tyler Durden on 11/07/2012

The Status Quo won--no surprise there, as there was no other choice offered. The Imperial Presidency won, too, of course; anyone anywhere can still be assassinated by order of the Imperial President, regardless of their citizenship. Anyone can be labeled "an enemy of the State" and either liquidated (high fives all around!) or crushed by the Espionage Act (transparency is a crime), Patriot Act (dissent is also criminal), the NDAA, or maybe another Executive Order. The neofeudal Aristocracy also won, as vested interests were free to buy "free speech" in unlimited quantities. That means the bag of tricks to "save us from recession" is finally empty. The next recession will sink its teeth into the Savior State and all the protected fiefdoms and cartels with a vengeance built up by four years of "extend and pretend." The failure of "extend and pretend" and the Status Quo that sold it as the "fix" opens up the possibility that crisis will lead to real reform, the kind that requires a Constitutional Convention.

Investors Fear More Than Just a 'Fiscal Cliff'Posted by: RickAckermanPost date: 11/07/2012 - The Dow plunged 313 points yesterday, but don’t believe news media reports that it was the nearness of the “fiscal cliff” that caused the selloff. What spooked investors is a bigger picture that... http://albertpeia.com/worsethanfiscalcliff.htm

The Three Items Every Investor Needs to Be Aware of Going Forward

November 7, 2012 http://gainspainscapital.com

http://albertpeia.com/3items.htm

U.S. Piled Up More Debt Since Election Day ’08 Than Under All Presidents From Washington Through Clinton

CNS News | The federal government has now piled up more debt since Election Day 2008 than it did under all presidents from George Washington through Bill Clinton.

http://www.prisonplanet.com/10-dire-consequences-of-obamas-re-election-victory.html

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

Thousands Of Shocking Threats Of Violence By Obama Supporters On The Eve Of The Election
http://theeconomiccollapseblog.com
http://albertpeia.com/funlovinniggers.htm
{These dumb niggers/losers (that includes ‘the white folks’ et als self-destructively supporting unequivocally failed, jive-talking grifter, nigger obama) are nothing less than terrorists and should be treated accordingly; unless the so-called ‘war on terror’ was but a diversion from the incompetence and failure of this and prior administrations! }

11-6-12 It Doesn't Matter

Submitted by Tyler Durden on 11/06/2012

It’s really hard to ignore what’s happening today; the election phenomenon is global. The entire world seems fixated on this belief that it actually matters who becomes the President of the United States anymore... or that one of these two guys is going to ‘fix’ things. Fact is, it doesn’t matter. Not one bit. And we’ll show you why mathematically... This is not a political problem, it’s a mathematical one. Facts are facts, no matter how uncomfortable they may be. Today’s election is merely a choice of who is going to captain the sinking Titanic.

Election 2012: How The Winner Will Destroy America

Submitted by Tyler Durden on 11/06/2012

Of all the hollow and uninspired elections that this country has suffered through over the past several decades, one might think that at some point long ago the American public would have finally struck a plateau of disenfranchisement; that we could sink no further into despondency, that there is a saturation limit to the corruption of our voting process.  Unfortunately, there has been no such luck.  We have to say that in all honesty we have never seen more people gut jumbled and disgusted with our electoral system than we have in 2012. In 2012, it will not be about voting.  It will not be about “winning”.  It will not even be about getting to the next election.  It will be about survival. We're sorry to say that the idea that one man will do less damage than the other is a naïve sentiment.  Democrat?  Republican?  Obama?  Romney?  The crimes and calamities wrought will be exactly the same.  Take a look into our crystal ball and see the future.  Here is how the winner will destroy America.

On Romney, Bernanke, and Rajoy Posted by: Phoenix Capital... Post date: 11/06/2012 - For certain, no matter who wins today, Europe’s a complete disaster. Greece is once again out of money and will need someone (though at this point it’s not clear who is willing to... On Romney, Bernanke, and Rajoy November 6, 2012 http://gainspainscapital.com

Vote Obama or Romney, but stocks still overpriced: Rosenberg Marketwatch November 6, 2012

‘Election Day is an opportune time to check in with David Rosenberg, the plain-speaking chief economist and strategist at Canadian investment manager Gluskin Sheff + Associates. From his perch north of the U.S.  in Toronto, Rosenberg looks at the U.S. presidential election from the edge of the so-called fiscal cliff and the tough budgetary decisions that await the election winner.

What Rosenberg sees is a nation where stocks are 20% overpriced against a U.S. economy that faces, if not an outright recession, then a “growth relapse” that would trim GDP expansion to around 1% at best.

“The economy is still in the throes of a multi-year credit contraction phase,” Rosenberg told clients in a research note published Tuesday. “What we can expect is for the pace of activity to weaken substantially during periods when [Federal Reserve] stimulus fades.”

No matter who wins the presidential election, Rosenberg adds, Washington will tighten its belt in 2013 – the only way “to put the nation’s finances on a more stable footing.”

Rosenberg’s outlook clearly isn’t the best backdrop for stocks: “The market is not as cheap as the pundits, who rely on year-ahead EPS estimates, deem it to be,” he wrote. “When one incorporates cyclically adjusted corporate earnings in ‘real’ terms, equities are still roughly 20% overvalued.”

To correct this imbalance, stocks will trade down to a price-earnings multiple of around 12 with a 4% dividend yield on the Standard & Poor’s 500-stock index SPX +0.84% . That said, Rosenberg isn’t herding investors into the lifeboats. He’s bullish on themes that reflect the frugal consumer, including discount retailers, home improvement and food and beverage staples. Rosenberg also taps non-cyclical sectors such as aerospace and health care. He favors income-producing stocks and bonds, and likes gold miners over bullion.

These conditions reflect a secular, sideways market that began in 2000 and historically runs 16 to 18 years, Rosenberg says. In such a market, he adds, investors have to be nimble: “Rallies are to be rented, not owned.”

When can investors expect to see a new bull market? Says Rosenberg: “We likely have a long way to go.”

– Jonathan Burton

Follow the Tell on Twitter: @thetellblog

Follow Jonathan Burton on Twitter @mktwburton ‘

Facebook insiders keep on selling

Dave’s Daily: http://www.etfdigest.com ‘MR. MARKET SEES AN OBAMA WIN? 11-6-12 A potential Obama win is based on the idea QE3 and ZIRP will continue. That’s about all I can glean from reading comments posted on a variety of popular websites.Bulls like money printing and the added liquidity it provides for trading with HFTs. Stocks inflate in the short–term and that is the intended effect desired by Bernanke & Co. Long-term issues being resolved is for another day.If this is the outcome we all just have to deal with it.So many market sectors rallied sharply across the board Tuesday on these beliefs. The dollar (UUP) weakened some and gold(GLD) reversed course and moved higher.Since it isn’t a certainty we’ll just post a few charts once again. Volume was light on this melt-up as the action picked up after Europe closed. Breadth per the WSJ was positive…’

The Inefficient (And Delayed) Market Ramp Explained

Submitted by Tyler Durden on 11/06/2012

While little makes sense any more in the New Bizarro Market normal, Dow Jones believes it may have stumbled upon one "reason" for the stung like a bee 11:30 am market ramp. Markets proved once again that they are far from the paragon of efficiency that so many prefer to proclaim - bending their movements to the headline of the day to prove one's point. Today was a perfect example. Efficiency at its best...Total no news = 10 S&P points

Frontrunning: November 6

Submitted by Tyler Durden on 11/06/2012

Obama-Romney: Breaking the Tie (BBG)

Fiscal cliff looms over campaign climax (FT)

Tough Calls on Deficit Await the Winner (WSJ)

Election Likely to Leave Housing Unmoved (WSJ)

Regulator Investigating Rochdale Trading (WSJ)

Greeks Plan Strikes On Eve of Votes (WSJ)

China Communists consider internal democratic reform (Reuters)

Wen urges Asia-Europe co-op to promote world economy (China Daily)

Italy Said to Reject Bad Bank That May Boost Ties to Sovereign (BBG)

IMF warning adds to French economy fears (FT)

Europe, Central Bank Spar Over Athens Aid (WSJ)

Unlimited Lending May Help Weaken the Yen, BOJ Official Says (BBG)

PBOC Official Says U.S. Election Won’t Impact Yuan Level (BBG) - Just the USD level to which it is pegged

11-5-12 Job Creation Under Barack Obama: Less Than Meets The Eye!?

Submitted by Tyler Durden on 11/03/2012

In the aftermath of yesterday's better than expected jobs number there have been many analyses in the media on both sides of the aisle, either attacking or defending Obama's track record in creating jobs. All have come up with arguments which according to their authors, are solid and defensible. There is one analysis, however, which is missing, and that is a follow up of what we showed yesterday in "Chart Of The Day: America's Geriatric Work F(a)rce."  In it we demonstrated the very much "under the radar" schism of America's workforce since the NBER-defined official end of the recession in June 2009 into the "haves", or those above 55, who have been able to get a job since the end of the recession, and the "have nots", or all those in the labor force who have not been able to find a job. So how does this data look when extended to the beginning of Obama's term, or the 46 full months starting with his inauguration in January 2009, and continuing through the latest, October 2012 data point. The chart is presented below; you decide.

Dave’s Daily: http://www.etfdigest.com ‘ELECTION TENSION 11-5-12 I’m not going to post much of anything until Wednesday assuming there is a decisive (hopefully) outcome in the U.S. What’s the point? The conventional wisdom is markets may rally if Obama wins since QE and ZIRP will continue. A Romney win might mean less sugar for the vacuum tubes. A hung election is the worst outcome naturally. And so it goes.But while you’re watching the returns just remember Greece is having its own election Wednesday. Why is this important? The country only has enough money for one week. Further, there has been no agreement on austerity with the troika allowing for more aid. The current Greek parliament has a majority of 5 is my understanding and of course austerity isn’t popular in the streets of Athens. This may be part of the reason German 2-year notes are now at negative yields (-.014%) as investors flock to them on fear of a Grexit.Markets did little on the day eking-out small gains on light volume. This makes snarky comments and charts a useless effort.That said we’ll look a few charts just for show…’

Frontrunning: November 5

Submitted by Tyler Durden on 11/05/2012

Obama and Romney Deadlocked, Polls Show (WSJ)

NYC Commuter Week Faces Uncharted Ground as Storm Brews (Bloomberg)

New York region struggles to move on a week after Sandy (Reuters)

Europe's Bank Reviews Collateral (WSJ)

Less circuses to pay for the bread? Time Warner Cable misses on falling demand (Reuters)

Spanish unemployment total jumps by 128,242 as recession continues to take its toll on economy (Independent)

Goldman Sachs Partner List Drops 31 Since February, Filing Shows (Bloomberg)

China's mission impossible - a date for Hu's military handover (Reuters)

German-Iranian trade booming (Jerusalem Post)

Russia supplying arms to Syria under old contracts: Lavrov (Reuters)

Russia endorses Egyptian-led regional group on Syria (Reuters)

Election Winner Must Win Over Wall Street (Bloomberg)

On Google, a Political Mystery That's All Numbers (WSJ)

Richard Koo: explain to Americans why $22 trillion in debt in 4 years is good for them.. or something (FT)

IceCap Asset Management: How To Lull A Banker To Sleep

Submitted by Tyler Durden on 11/05/2012

When it comes to sleepless nights, Toimi Soini of Finland originally set the record by using the "toothpicks under the eyelids" method for 11 straight days. In hindsight, Toimi was an amateur. Toimi Soini was not a banker and this was his downfall. As for the Canadians, Swiss and British – yes they are all bankers, but not just any bankers. This terrific trio have the displeasure of forever being known as the bankers who sold their gold. The irony of course, is the action of the World’s central bankers themselves is the reason why gold is destined to remain golden for sometime to come. And with gold sitting near $1700/oz, and with no end to the money printing games, the sleepless nights are destined to continue. IceCap's Keith Dicker opines on the wrong-ness of Alan Greenspan's economic miracle, equity manager's misplaced rationalization of performance as skill, China's gold-buying spree, the Nobel Peace Prize debacle, and the inexorable growth of 'fake money'.

Guest Post: 'I' For Inevitable

Submitted by Tyler Durden on 11/05/2012

Just over 400-years ago today, a group of 13 conspirators was caught trying to assassinate King James I of England and blow up the House of Lords in what became known as the Gunpowder Treason. If you’ve ever seen the movie V for Vendetta, you know the story. The plot of 1605 may have been a failure for the conspirators, but given enough time, a system so screwed up, so unsustainable, was destined to collapse on itself. Curiously, we’re not so different in the west today; just like the English monarchs, we have a tiny elite that controls absolutely everything about our economy– taxation, regulation, and the supply of money. Needless to say, this is also unsustainable. And history shows that these types of unsustainable systems will always collapse under their own weight.

Volumeless Ramp Leaves Stocks Adrift In Election Bliss

Submitted by Tyler Durden on 11/05/2012

UPDATE: Zillow is getting monkey-hammered -27% after-hours on outlook cut

With S&P 500 futures volume around 25% below average, it is little surprise that the little-algos-that-could did their damnedest to get up to Friday's closing VWAP. Equities were in a world of their own today relative to broad risk assets with high-yield credit lower, volatility up, and rates lower - seemingly supported by its correlation with oil (which managed to pop over 1% on the day to almost $86). Utilities were hurt the most as QE-sensitive Materials, Energy, and Tech managing to outperform as AAPL levitated from lower lows ($570) pre-open to bring today's price up to Friday's closing VWAP and that's where we wriggled most of the day, with every rally faded at that magical level. Whether investors were placing chips last minute into the election is unclear (Energy outperformance, Financials unch, and Utility underperformance possibly suggest Romney victory and split house?) but certainly conviction was low as evidenced by volume and pre-ramp ranges. Despite USD strength, Gold and Silver also outperformed on the day as Treasury yields dropped 2-4bps. The S&P ended the day at resistance half-way between Bernanke's Bottom and Draghi's Dream levels...

Tim Geithner: Next Steps

Submitted by Tyler Durden on 11/05/2012

Tim Geithner's public "servant" tenure has not been without its blemishes: from his deplorable run as the (figure)head of the New York Fed (from 2003 until 2009), when the entire financial system literally imploded under his watch, to his epic failing up as Hank Paulson's replacement as treasury Secretary of the United States, despite his legendary inability to navigate the Minotaurian labyrinth that is the TurboTax income tax flowchart, the Dartmouth alum has had his share of run ins with adversity (and adversity won). Of course, Geithner's tenure in charge of the Treasury in the past 4 years has been somewhat mollified by the fact that here too here was merely a figurehead, and the true entity that runs the US printing presses is none other than the JPM and Goldman Sachs co-chaired Treasury Borrowing Advisory Committee (for more on the TBAC read here and especially here as pertains to the former LTCM trader and current head of JPM's CIO group), meaning that the US Treasury, just like the Fed, are merely branches of the one true power in US governance: Wall Street. Geithnerian figureheadedness aside, the one undeniable fact is that Tim Geithner's days as head of the Treasury are now numbered: he has made it quite clear that he will not accompany Obama (should the incumbent be reelected) into his second term. So what is a career "public servant" to do once the public no longer has any interest in retaining his services? Bloomberg's Deborah Solomon has some suggestions...

A 21% Chance Of A 50% Plunge In The S&P 500?

Submitted by Tyler Durden on 11/05/2012

Investors' perceptions of risks, both normal (volatility) and tail (event), have intriguingly run to both extremes at the same time. 'Normal' volatility has been so suppressed by Central-Bank action as to become an almost useless indicator (or at best contemporaneous) - or as Artemis Capital notes "volatility has become a shadow currency" with the USD (safe-haven) becoming considerably more correlated with volatility. Extreme volatility concerns are where the 'unintended' consequence has appeared. In a somewhat stunning market realization, options markets currently suggest a 1 in 4.7 chance of a greater-than-50% drop in the S&P over the next year. That is more likely than the lifetime risk of a heart attack. The question then is, are tail-risks over-priced? Or are investors willing to overpay for that kind of 'deflation' insurance since we now know that the impossible is possible!

HSBC fears U.S. money laundering fines to top $1.5 billion

Reuters | A U.S. fine for anti-money laundering rule breaches could cost HSBC significantly more than $1.5 billion and is likely to lead to criminal charges,

Job Creation Under Barack Obama: Less Than Meets The Eye?

Zero Hedge | In the aftermath of yesterday’s better than expected jobs number, we must show the truth about this work f(a)rce numbers game.

The Emperor Has No Gold

Washington’s Blog | Are central banks overstating their gold holdings?

4 Yrs at Private College = $130,468; Median-Priced Existing Home = $173,100; U.S. Debt Per American Under 18 = $218,676

CNS News | If Americans under the age of 18 were required as a group to pay off the entirety of the federal government’s debt in equal shares, each would now need to pay about $218,676.

China Is Quietly Becoming Gold Superpower

Washington’s Blog | World’s Top Gold Producer Holding Onto All of Its Gold.

11-2-12 Dave’s Daily: http://www.etfdigest.com ‘DATA EXTRAVAGANZA CONFUSES MARKETS 11-2-12 The employment report came in and it was another surprise. The number of new jobs was 171K vs 125K expected. At the same time the unemployment rate rose to 7.9% vs 7.8%. The more curious numbers were the massive readjustments to jobs added in August (142K to 192K) and September (114K to 148K). These types of things are unprecedented prompting some like RDQ Economics to state the gains “are implausibly high..”. PIMCO’s Bill Gross merely asserted “structural unemployment is 10%”. The under-employment data or U-6 fell slightly from 14.7% to 14.6% which is still unacceptably high. In 2011 the economy added an average of 151K jobs per month and in 2012 so far this hasn’t budged much at 157K. Neither of these numbers can reduce unemployment. Basically unemployment is the same as when Obama took office. Lost in the data is the number of people whose unemployment benefits (99 weeks worth) have expired and are now forced to take part time work. These numbers are lumped-in with Friday’s job data. Worse still incomes continue to decline as noted by ZH in chart below.

http://albertpeia.com/zh1.gif

http://albertpeia.com/zh2.gif

There was some initial joy and bullish spin to the numbers. Both Obama and Romney camps spun the data to suit their aims. However I’m reminded of an excellent quote from former Secretary of State James Baker when describing his Iraqi counterpart Tariq Aziz: “He’s a good diplomat but has no portfolio”. I’ll let you figure out whom best to ascribe this to.Factory Orders were released and the headline number was good (4.8% vs 4.9% expected & prior -5.1%). However, inside the numbers which algos don’t readily see, growth was exclusively aircraft orders while business orders came in at -5%. This continues the theme that corporations are sitting on cash and not investing in expansion. For them it’s about uncertainty going forward.The people of NY and NJ are coping and struggling with Sandy’s aftermath. Many people don’t have fuel, power, shelter or food. Things there are tense. Our son lives in a twin 50 story apartment complex. It has been vacated and no one is allowed to return to the complex for at least two weeks. They’re in the streets, returning home if they can find a way out or doubling up with those who have shelter. It’s a disaster.Equity markets liked the initial employment data but then second thoughts crept-in as uncertainty surrounding the election outcome builds. There is another election on Wednesday which is in (cough) Greece. There the polls are also quite tight and a loss by the current majority means possibly a Grexit once again. So, uncertainty atop uncertainty? The dollar (UUP) rallied sharply early causing gold (GLD) and other commodities (DBC) (USO) (DBB) to sell-off sharply. Even bonds (TLT) struggled as it seems there’s a rush to the sidelines overall.Once mighty Apple (AAPL) is nearing bear market levels which would have been unthinkable just a few weeks ago. Materials (XLB) are “the tell” regarding soft economic growth since they now telegraph weak industrial demand. Volume was once again light since many traders are unavailable physically or electronically. Even many HFTs have been stilled by a loss of power. Breadth per the WSJ was negative…’

Investment Outlook November 2012 William H. Gross http://albertpeia.com/grossoutlook.htm

Obama Campaigns In Vegas While Storm Victims Defecate In The Hallways And Rummage Through Garbage Dumpsters For Food http://albertpeia.com/obamaseternalcamtheirpain.htm

Step Aside Apple Line, Here Comes The Gas Line: Photo Album Of A Nation Waiting, Waiting, Waiting

ZeroHedge.com Submitted by Tyler Durden on 11/02/2012

Perhaps the reason why AAPL is having its biggest daily tumble in recent history on the day it officially launched the iPad mini for retail sale, is because all the people who otherwise would be waiting in line in front of FAO Schwartz and inhaling the smell of fresh horse excrement, are doing all they can to obtain gas. Any  gas. Because iHeater, iShower and iFridge just lack that little "oomph" when dealing with people who are cold, smelly and hungry.

Chart Of The Day: America's Geriatric Work F(a)rce

Submitted by Tyler Durden on 11/02/

The traditional excuse apologists for America's collapsing labor force participation rate use every month is that due to "demographics" and retiring baby boomers, increasingly more old workers are no longer counted by the BLS and as a result, are skewing the labor force. That's where they leave it because digging into details is not really anyone's forte anymore. This would be great if it was true. It isn't. And nowhere is this more visible than in today's jobs report. On the surface, the US generated a whopping 413,000 jobs (after generating a massive 873,000 last month) according to the Household Survey in October. That's great, unfortunately breaking down this cumulative addition by age cohort confirms precisely what we have said: all the jobs are going to old workers, who have zero wage bargaining leverage (as they just want to have a day to day paycheck). To wit: when broken down by age group, the total October increase shows that of the new jobs, 10.7% went to those aged 16-19 (source), 11.6% went to those aged 20-24 (source), a tiny 9.8% went to the prime agr group: 25-54 (source), and a massive 67.8% went to America's baby boomers: those aged 55 and over (source), and who refuse to leave the workforce and make way for others.

Hours After Saying Marathon Will Go Ahead, Mayor Bloomberg Cancels It

Submitted by Tyler Durden on 11/02/2012

Supposedly this is big news, so we probably have to report it. Just out from the NY Mayor's office:

We have decided to cancel the NYC marathon. The New York Road Runners will have additional information in days ahead for participants.

... and just as the residents of some NY boroughs were eagerly looking forward to the New York version of the hunger games.

Friday Humor: The ECB Explains What A Ponzi Scheme Is; Awkward Silence Follows

Submitted by Tyler Durden on 11/02/2012

From the ECB's Virtual Currency Schemes, aka the "Bash Bitcoin Boondoggle" (p. 27): "A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk. In many Ponzi schemes, the fraudsters focus on attracting new money to make promised payments to earlier-stage investors and to use for personal expenses, instead of engaging in any legitimate investment activity." Considering that this elucidation comes from the very same entity that launched the SMP, LTRO, OMT, EFSF, ESM, oh, and of course, TARGET2, and whose head said to not short the EUR as there is "no risk" whatsoever in holding said currency, one would expect that this definition is absolutely spot on...

Stocks Slammed As Apple Tumbles: Yesterday's Rally In Tatters

Submitted by Tyler Durden on 11/02/2012

What a roundtrip! After starting off November with a bang, and after nearly retracing all October losses in the aftermath of the NFP headfake in less than 2 trading sessions, the S&P futures literally imploded, and dropped 23 points from the intraday high, the same distance traveled as it crossed yesterday, only to the downside and on very strong volume for the second day in a row. While the 1400 support in ES is once again in play (ES closed literally on the lows of the session at 1405.5), as we suggested earlier, the far more ominous news is that the AAPL bubble appears to have popped (but, but, it is so cheap on forward multiple basis: guess what - forward multiples are based on forward earnings, which may very well never materialize! and thanks to the dividend, not even AAPL's cash hoard is the bastion it one was) and is now close to entering bear market territory, down just shy of 20% from its all time highs of $705.07 hit on September 12. Now with the 200 DMA taken out, the next support is the 20% retracement from the high which is at $564. After that it is freefall for a long time as a very deep gap needs filling. It is unclear just how much of the selling was there to cause max pain for Dick Bove and Rochdale, for whom every tick lower in the stock means a bigger margin call.Finally, news hitting literally seconds ago that MSFT may be launching its own phone if its partner strategy falters, means there go even more margins.

And Dan Loeb's Biggest October Loser Is...

Submitted by Tyler Durden on 11/02/2012

When the hits just keep on coming:

Spot Where AAPL Snaps 200 DMA, Sending Stocks Sliding

Submitted by Tyler Durden on 11/02/2012

Moments ago AAPL broke the 200 DMA. Whether or not this was due to the earlier news from Rochdale getting caught with its pants down, and supposedly losing tons of money due to a rogue trader "buying" the stock as its proceeded to tumble from its all time highs less then 45 days ago (during which time it has lost more than 10 years worth of dividends in market cap), is unclear. What is quite clear, is the moment when the general market realized what had just happened. Sure enough, the jobs number came and want, and ES largely faded that move in under an hour. It remains to be seen if a technical indicator for the world's most widely held stock is more important to the general stock market than how many 60 year old workers the US economy added in October. Oh, and as for that whole iPad mini launch spectacle? Sorry. Time for the iPad Mini Magnum launch... or maybe even the maxiPad.

Frontrunning: November 2

Submitted by Tyler Durden on 11/02/2012

Scope of Sandy's devastation widens, death toll spirals (Reuters)

On Staten Island, cries for help replaced by a loss for words (Reuters)

China responds to Japan’s provocation (FT)

Japan governments open to compromise to avoid “fiscal cliff” (Reuters)

It's Global Warming, Stupid (Businessweek)

Sharps says there is "Material Doubt" about its ability to survive (Bloomberg)

Thomson Reuters operating profit slips, trading faces pressure (Reuters)

Germany's Schaeuble says debt reduction is global task (Reuters)

The Luxury Repo Men (Businessweek)

Deutsche Bank Faces Top Surcharge as FSB Shuffles Tiers (Bloomberg)

Storm over ‘Lagarde list’ intensifies (FT)

Greek, European Officials Dispute Budget Reprieve (WSJ)

Rivals part ways over economy (FT)

Latest U.S. bank failures take 2012 tally to 49

Food Stamp Growth 75X Greater than Job Creation

Weekly Standard | Ranking member of the Senate Budget Committee: “76 people went on food stamps for every one that found a job.”

New York Looting: Reminder of Bank Bailouts

gather.com | Hurricane Sandy does not come as a shock in a society not without entitled losers with no concept of property rights.

Boston Fed Chairman Calls for More Inflation, Even If It Doesn’t Help Economy

Thomas R. Eddlem | Rosengren said he wanted the Fed to follow the current open-ended policies at least until unemployment levels fall below 7.25 percent, though possibly even beyond that marker.

Citi Currency Analyst: Here’s The ‘Biggest Political Risk’ In The World

Business Insider | The latest CitiFX Strategy Weekly note is out, laying out the big issues for currency traders right now.

America has devolved into a fast-expanding welfare state, quickly surpassing $1 trillion a year

Natural News | When people say that America “is the land of the free,” they aren’t kidding.

Looming Tax Hike Motivates Owners to Sell

Wall Street Journal | A looming increase in the capital-gains tax rate next year is fueling sales of some privately-held businesses.

11-1-12 Dave’s Daily: http://www.etfdigest.com ‘DATA AWAKEN BULLS 11-1-12 Chinese manufacturing data improved in October. Meanwhile Japan is in full QE mode. Europe liked the blizzard of U.S. data thinking it might spill across the pond. The IMF said a Greek deal is on the horizon (“Lost Horizons?). U.S. data included: “reconstructed” ADP data which showed 158K new private sector jobs (hard to trust this for now); Jobless Claims (369K vs 370K expected & prior revised higher to 372K); ISM Mfg Data (51.7 vs 51.5 expected & prior 51.15); PMI flat (51.5) Consumer Confidence (72.2 vs 74 expected & prior 70.3); Construction Spending (.6% vs .6% expected & prior -.6%); and, Challenger Job Cuts (47K vs 33K) mostly ignored.The most watched data point will be Friday’s employment report now under great suspicion from many corners.Earnings reports investors focused on were stronger results from Chrysler, General Motors, Exxon and Kellogg’s) while Pfizer fell as Lipitor patent expired. It must be said that many accuse the auto companies of reporting sales to dealers vs consumers better known as “channel stuffing”. But auto companies are now self-financing with subprime auto loans making a large comeback. Nevertheless bulls seized on quiet and oversold conditions as algos jumped on headline data to ramp markets higher.It’s also the start of a new month where fund dividend reinvestment dominates and we enter the normally bullish seasonal period toward year-end.For now, bulls are setting aside worries about the election, fiscal cliff, the eurozone and most other issues and pushing stocks higher in a classic short squeeze.The dollar (UUP) was slightly higher and gold (GLD) modestly weaker. Commodities (DBC) overall were flat while oil (USO) and a few base metals (JJC) were higher mostly on Chinese manufacturing.Stocks were led higher by tech (XLK) which had gotten quite oversold short-term along with materials (XLB). Bonds (TLT) reversed course and sold off some as stocks rallied. Never short a quiet market is the old maxim and this applied Thursday. It’s also been the case that shorting stocks over any period beyond short-term with QE and ZIRP has been a losing strategy. Volume was unremarkable on the short squeeze and breadth per the WSJ was quite positive…’ , Spain Offers Yet Another Impossible Solution to Its Problems http://albertpeia.com/todreamtheimpossibledream.htm , Anarchy Along The Jersey Shore And On Long Island In The Aftermath Of Hurricane Sandy http://albertpeia.com/anarchyjerseynewyork.htm

Americans Aged 18-29 Have A More Favorable Response To Socialism Than To Capitalism ZeroHedge.com 11/01/2012 { That’s largely because they’re living in a failed socialist plutocracy and have a failed socialist/pro-communist president, all under the guise of a capitalist/free society/democracy; which of course, the latter being an absolute fiction. Quite simply, they’ve never even seen capitalism. } In the prior post, we showed a presentation that looked at America from the perspective of a corporation and how it would be completely unsustainable. Luckily, there is little probability that America will ever have anything to do with S-Corp status, and far more likely end up as an agrarian Kolhoz. The reason: based on a Pew survey of America's youth, or those aged 18-29, more have a positive view response toward Socialism than they do toward Capitalism. We will leave it at that. , USA, Inc. - Part 2: If America Were A Corporation, It Would Be Broke-er When Mary Meeker, formerly of pre-IPO bubble analyst fame, released her "USA, Inc." presentation last year, which assayed the US government as if it were a corporation, her conclusion was simple: the country is broke, and can not continue along the path it is on now. Fast forward to today, when the US debt balance is over $1 trillion higher, and the next edition of Mary Meeker's presentation which she released at last week's Ira Sohn conference. Her conclusion: the US is now broke-er than ever. , Starting Off With A Bang: In First Month Of Fiscal 2013, US Adds $195 Billion In Debt It seems like it was only yesterday that the US closed the book on Fiscal 2012 (technically, it was September 30), with a modest $16.066 trillion in debt. What was notable is that the monthly additions to the total debt balance toward the end of 2012 were getting smaller and smaller until the October incremental addition was a puny $50 billion (even though mysteriously the US ended up with a budget Surplus of $75 billion for the month). Turns out it was merely yet another political stall tactic to avoid the true face of America's debt peeking into the open public. Because as of several hours ago, the DTS announced the total debt as of October 31, or the first completed month of fiscal 2013. The number: $16.262 trillion. This means that in the month of October, when delaying displaying the true creditor plight of this country was no longer an option, Uncle Sam went to town, and raised $195 billion. This amounts to $6.3 billion per calendar (not work) day, and $262 million per calendar (not work) hour. , Hurricane Sandy Satellite Photos: Before And After http://albertpeia.com/jerseyshorebeforeaftersandy.jpg , Dumpster Diving In The Lower East Side , As Redemptions Surge, The Dreaded Hedge Fund "Gate" Is Back , GM Channel Stuffing Soars To Record For a few months there, we were worried that GM may have actually found a (government-funded) natural subprime buyer of its vehicles after the company managed to keep its channel stuffing in check for several months. Those fears ended today with the company's October car sales report, according to which GM sold 4.7% more cars, or 42,759 in absolute terms (from 153,005 to 195,764) in October than September, below expectations of a 7.8% increase. So far so good. What however will hardly get any mention from Government Motors cheerleaders is that GM auto inventory at dealers as of October 31 was a record 739,034 (a massive 98 days of supply), an increase of 49,700 from October's 689,334. In other words, the entire incremental rise in sales, and then some, was due to the firm stuffing dealers with even more inventory than they can possibly handle!

ISM, Consumer Confidence And Construction Spending Data Trifecta: Two Misses, One Beat

Submitted by Tyler Durden on 11/01/2012

ISM Manufacturing: 51.7, Exp. 51.0, Last 51.5

Consumer Confidence: 72.2, Exp. 73.0, Last 68.4

Construction Spending: 0.6%, Exp.  0.7%, Last -0.1%

Initial Claims Beat Expectations, Last Week's Beat Revised To Miss

Submitted by Tyler Durden on 11/01/2012

Last week, when we reported last week's lucky Initial Claims expectations beat of 369K, we explicitly said the following: "today's Initial Claims number which magically "beat" expectations by 1K, printing at 369K, on expectations of 370K, will be revised to a miss of 372K next week." And guess what last week's number was just revised to? That's right: 372K, which means that last week's beat was actually a miss. But who cares. Oh, and this week's just as manipulated print of 363K, which was a beat of expectations of 370K, will be spun as a 9K drop in initial claims of course. Next week this number will be revised to 365K-366K as usual, because the BLS has now upward revised its weekly claims number for something like 80 weeks in a row.

Frontrunning: November 1

Submitted by Tyler Durden on 11/01/2012

Millions still lack power (WSJ); New York Region Transit Tracker (WSJ), Blackouts Remain for 6.1 Million as Power Repairs Begin (Bloomberg)

U.S. regulator seeks $470 million from Barclays (Reuters)

J.P. Morgan Sues Whale's Ex-Boss (WSJ)

London Frets Future as Financial Hub Outside Bank Union (Bloomberg)

SNB now selling EUR: Swiss Central Bank Pulls Off Euro Sleight of Hand (WSJ)

United Said to Study Biggest Airbus A350 to Replace Jumbos (Bloomberg)

Draghi expands role in fight to save euro (FT)

Panasonic Plunges by Daily Limit on Loss Forecast, CDS Soars (BusinessWeek)

Italy risks economic ‘vicious circle’ (FT)

Starbucks's European tax bill disappears down $100 million hole (Reuters)

Bernanke Depression Guru Seeks Roosevelt Well-Being (Bloomberg)

Bill Gross: "Ours Is A Country Of The SuperPAC, By The SuperPAC, And For The SuperPAC"

Submitted by Tyler Durden on 11/01/2012

"Obama/Romney, Romney/Obama – the most important election of our lifetime? Fact is they’re all the same – bought and paid for with the same money. Ours is a country of the SuperPAC, by the SuperPAC, and for the SuperPAC. The “people” are merely election-day pawns, pulling a Democratic or Republican lever that will deliver the same results every four years. “Change you can believe in?” I bought that one hook, line and sinker in 2008 during the last vestige of my disappearing middle age optimism. We got a more intelligent President, but we hardly got change. Healthcare dominated by corporate interests – what’s new? Financial regulation dominated by Wall Street – what’s new? Continuing pointless foreign wars – what’s new? I’ll tell you what isn’t new. Our two-party system continues to play ping pong with the American people, and the electorate is that white little ball going back and forth over the net. This side’s better – no, that one looks best. Elephants/Donkeys, Donkeys/Elephants. Perhaps the most farcical aspect of it all is that the choice between the two seems to occupy most of our time. Instead of digging in and digging out of this mess on a community level, we sit in front of our flat screens and watch endless debates about red and blue state theologies or listen to demagogues like Rush Limbaugh or his ex-cable counterpart Keith Olbermann."

Flawed Poll Models Underestimating Romney’s Lead Posted by: ilene Post date: 11/01/2012

Tax bill set to rise for 30 million households unless Congress acts

The Hill | More than 30 million households could be hit with the Alternative Minimum Tax (AMT) if Congress doesn’t take action after the election, adding another pressure point to talks on the “fiscal cliff.”

Bloomberg: In Your Face Warming Propaganda Prisonplanet.com | Meanwhile actual scientists disagree. { bloomberg’s actually proven himself to be the failed flake of new york historic proportion; from soda, to smoking tobacco (as in california, only crack, marijuana, etc., are allowed), to encouragement of the ‘fraudulent-wallstreet-centric’ climate, etc.. He also if you’ve watched closely, seems to have gotten very weird indeed. Prescription drugs maybe? Valium? Prosac, etc.? }

It Begins: Ecuador Demands Repatriation Of One Third Of Its Gold Holdings

Zero Hedge | Ecuador’s government wants the nation’s banks to repatriate about one third of their foreign holdings to support national growth.

Cleanup of Sandy expected to add billions to the national debt

Natural News | Well, it didn’t take long after Hurricane Sandy passed into history as the largest storm of its kind in several generations for someone in Washington to call for billions in new federal spending to compensate for its damage.

Why Germany Wants to See its US Gold { Good luck with that … I don’t think so … maybe a few token bars but not the now predominant tungsten goldplate http://albertpeia.com/foolsgold.htm } Spiegel | For decades, almost half of Germany’s gold has been stored deep below the Federal Reserve Bank of New York. Now, with the euro crisis swirling, German politicians are asking their central bankers to take stock.

NY state asks feds to cover all $6 billion in storm costs... { Between wall street frauds/bail outs in the trillions, outright theft from the new york fed, a major hub of organized crime, etc., in the trillions, what a national drain new york is! }

The cost of Sandy FOX gerri willis The price of any natural disaster is a high one, economically speaking, but the breadth of this storm, and it's location, make it especially large. 

13 cities going broke Stockton, Calif., (left) tops the list of U.S. cities in dire financial straits. See what other areas are drowning in recession-induced red ink.

Storm washes away much of 'Jersey Shore' town

Exasperation builds on Day 3 in storm-stricken NYCTraffic backed up for miles, crowds waited impatiently for buses into Manhattan and tempers flared in gas lines. Bloomberg: ‘I don’t think we’ve had a murder in two or three days’

Japan is in worse than a deflationary trap

Sandy nips auto-sales growth in October

Facebook insiders still stampede to sell stock

10-31-12 Dave’s Daily: http://www.etfdigest.com ‘HALLOWEEN TRICKS FOR MARKETS 10-31-12 After two days of market closures, I wonder how many people missed the investing scene? Speaking for myself I enjoyed the days off. And, it appeared we didn’t miss much. It could be 3 days a week (Tuesday-Thursday) would suffice for most carbon-based investors. The machines might rust up and the exchanges wouldn’t like the loss of trading volume not that there is much anyway.  I noted to subscribers today that this felt like a “zero-week” in the army. That is, there isn’t much going on in advance of Friday’s employment report and Tuesday’s election. After we pass through those gates of hell perhaps we’ll get a better read on the way forward.In the meantime data and earnings continue to flow. The Chicago PMI (released ham-handedly again) fell to 49.9 vs 51 expected. Under the hood the employment data within the data was 50.3, which was the lowest in 33 months. ADP slashed September job growth from 162K to 88K which is quite remarkable. And, these aren’t a good sign for employment data ahead. General Motors (GM) reported earnings that beat while other reports seemed unremarkable. Insurance companies (KIE) were on the downside given claims pouring in from hurricane Sandy. Apple (AAPL) was on the downside early as two high-ranking executive were shown the door.Overseas markets were mixed overall. Greece is on the verge of getting an extension (it’s what politicians do) to austerity demands. The Bank of Japan is leading the way in QE logging in nearly $1 trillion in stimulus. They’re the buyer of last resort for their own bonds. Global central banks are “all-in” now on QE and how/when this will end is the fantasy they and we live in.It may not be worth posting until Friday when the latest employment data is released. There are many guesses as to the data and lots of suspicions at the same time.The dollar (UUP) was slightly lower and gold higher. Commodities (DBC) and oil (USO) were basically flat. Bonds (TLT) were higher as stocks searched for direction. Volume was ultra-light once again as most investors are waiting for data and the election it seems. Breadth per the WSJ was mixed…’ , Somebody Should Start The 'Stuff Costs Too Much' Party http://albertpeia.com/inflationrisingfastandfurious.htm , …Worse Than 2008? http://albertpeia.com/worsethan2008.htm { The only reason that it doesn’t appear that way here yet (though still quite bad) is because of the profligate spending of money the nation doesn’t have to hide obama’s egregious failure as president; exacerbating the nation’s already dire predicament economically and otherwise. } , Superstorm Sandy's extremes, by the numbers AP By The Associated Press { Damage estimates are conservative and likely to go significantly higher. } , ZH: Guest Post: Hurricanes Do Not Have A 'Silver Lining' , Guest Post: The Tremendous Economic Benefits Of Superstorm Sandy ZeroHedge.com 10/31/2012 { I really have to say, I was thinking the same thing regarding the outlandish spin (the ubiquity of which regardless of reality helped get us to this precarious point in the first place) to be accorded this unequivocally devastating blow to the economy, on top of all the other ‘deferred/pending’ blows to come! Really! } The public relations propaganda campaign to convince the ignorant masses that Sandy’s impact on our economy will be minor and ultimately positive, as rebuilding boosts GDP, has begun. I’ve been hearing it on the corporate radio, seeing it on corporate TV and reading it in the corporate newspapers. There are stories in the press that this storm won’t hurt the  earnings of insurers. The only way this can be true is if the insurance companies figure out a way to not pay claims. They wouldn’t do that. Would they? It seems all the stories use unnamed economists as the background experts for their contention that this storm will not cause any big problems for the country. These are the same economists who never see a recession coming, never see a housing collapse, and are indoctrinated in Keynesian claptrap theory.

ADP "Cancels" 365,000 Private Jobs Created In 2012 ZeroHedge.com Frequent readers know that in addition of any "data" and "numbers" out of Larry Yun's National Association of Realtors, which we openly boycott as these are consistently manipulated (recall the massive historical December 2011 revision), slanted and conflicted, the second dataset which we have mocked with a passion is anything coming out of the ADP, which every month releases its "Private Jobs" number a day before the official BLS Non-farm Payroll data. Today, our mockeries have been proven 100% spot on. The reason? A week ago, ADP announced that going forward it would coordinate with Moody's (yes, that Moody's), and especially its chief economist, SecTres hopeful (InTrade odds of actually attain that post: 0.00) Mark Zandi, to fudge adjust its data going forward. The data revision was supposed to be publicly disclosed tomorrow when the official October ADP number was released. Well, just like today's Chicago PMI, and so many other data points recently, this too was released early. What the early release allowed us to promptly calculate is that using the historically revised numbers, and comparing those based on the original methodology, in 2012 alone, the US would have lost a whopping... 365,000 private jobs! Putting thus number in context, according to the revised methodology, the US has generated only 1.172MM jobs in 2012 through September, or in other words, a statistical "fix" magically eliminated over 30% of what the market had previously expected were job gains, a number which the incumbent president has certain taken advantage of on more than one occasions while campaigning. , Guest Post: China’s J-31 Stealth Aircraft Takes Flight ‘…. Interesting timing given we are all focused on Sandy and the election... one thing is sure: Defense analysts have underestimated China’s ability to overcome technological hurdles before…’ , Deciphering The Dismal Reality In Europe From The Hopeful Green Shoots , Real Economy Still Sliding As 'Eating Out' Continues to Go Down , France's Fiasco In One Fine Chart , It Begins: Ecuador Demands Repatriation Of One Third Of Its Gold Holdings

The Case Against Corzine

Submitted by Tyler Durden on 10/31/2012

As the one year anniversary of the MF Global Bankruptcy is upon us, the WSJ has now joined the NY Times in writing a ‘woe is me’ piece on behalf of Jon Corzine. The WSJ continues bemoaning the pitiable situation of “restlessness and frustration” of the former CEO of Goldman Sachs, former Governor of New Jersey, and former Senator from New Jersey who apparently isn’t content with being “confident about the likelihood that he will avoid any criminal charges related to MF Global.” Corzine is still estimated to be worth several hundred million dollars despite presiding over the failure of the largest non-bank commodity broker where $1.6 billion in customer money was stolen. I cry for him, I really do... Trying to portray Corzine as being focused on mundane things like finding a job rather than worried about doing jail time for his obvious crimes appears to be another prong of Corzine’s attorneys’ use of the Chewbacca Defense, along with saying that the fraud charges “Make No Sense,” because the money “Vaporized” and he had no motive since he had a de minimis portion of his net worth invested in MF Global stock. However, proving Corzine committed fraud and perjury would be relatively simple for any motivated prosecutor. Since the Department of Justice clearly is not motivated to prosecute Corzine after he bundled $500,000+ in campaign contributions to their boss, I provide this quick and easy guide for any ambitious state prosecutor to bring charges themselves:

One Year Later - Santelli Rips Apart 'Connected' Corzine

Submitted by Tyler Durden on 10/31/2012

There remains more than $1.6 billion of customer funds unaccounted for and whether you believe PwC (as Forbes notes) were duped or not, one year on from MFGlobal, one thing is for sure - there is no more hated character in the pits of Chicago than Jon Corzine. CNBC's Rick Santelli says it all in this blockbuster rant against the incredible reality that this 'connected' individual has got away with monetary murder. Must watch - but beware your blood pressure... as he concludes "we haven't heard the end of this - Chicago will find the answers!"

Guest Post: The Financial Super-Storm of 2013

Submitted by Tyler Durden on 10/31/2012

Four years of glorious central-planning "extend and pretend" have enriched the political and financial Aristocracies, and imbued them with a bubble-era hubris that they have indeed gotten away with murder: the $6 trillion the Federal government borrowed over the past four years, the Fed's $2 trillion in fresh cash, the Fed's $16 trillion bailout of the banking sector and various perception management manipulations have righted the storm-tossed ship. All those with power in 2008 remain in power and all those with outsized wealth in 2008 still hold their outsized wealth. Except the financial tides and winds have shifted, and the linearity of central planning is about to be disrupted by nonlinear, positive-feedback storms.

Frontrunning: Halloween 2012 Edition

Submitted by Tyler Durden on 10/31/2012

In Darkened NYC, Safety On The List Of Concerns (AP)

New York Subway System Faces Weeks to Recover From Storm (Bloomberg) ... as we said

Power Outages May Last More Than a Week (WSJ)... same

U.S. stock markets to reopen on Wednesday after storm (Reuters)

Questions Cloud Market Reopening (WSJ)

Apple revolution shows signs of reboot (FT)

Euro Chiefs Set to Grant Greece Extension Amid Squabbles (Bloomberg)

Italy Bank Poll Casts Shadow Over Savings (WSJ)

Shocked UBS staff take to Twitter (FT)

Corporate China hit by unpaid bills (FT)

Panasonic Posts Loss of Nearly $9 Billion (WSJ)

BoJ independence called into question (FT)

Barclays hit by fresh U.S. investigations (Reuters)

Adoboli’s Girlfriend Said Confess, Co-Worker Said to Run (Bloomberg)

Brent oil price up over $109 as Hurricane Sandy threatens partial operation shutdown

liveoilprices.co.uk | Hurricane Sandy threatens a partial operational shutdown in refineries.

Sandy could delay jobs report

money.cnn.com | Hurricane Sandy could cause a delay in the release of the highly-anticipated October jobs report set for this Friday.

The Virtual Recovery

Paul Craig Roberts | Since mid-2009 the US has been enjoying a virtual recovery courtesy of a rigged inflation measure that understates inflation.

Sandy Total Loss Estimate: Up To $100 Billion

Prisonplanet.com | Based on extrapolations from storm surge heights, the authors see a ‘perfect storm’ of this magnitude likely creating a total loss between $50 and $100bn.

‘Obama’s Redistribution Halloween’: Crowder Pranks Kids With Commie Candy

Breitbart | Steven Crowder teaches trick-or-treaters a valuable Halloween lesson by applying President Obama’s economic philosophy to their candy-gathering efforts.

Report: Enough Spent on Welfare Programs in 2011 to Write Every Poor Household a $59,523 Check

CNS News | Foundation close to central leadership urges end to birth limits policy across China by 2015, with experts saying reform is ‘inevitable’.

Doug Casey: There’s Going to Be a Huge Change of Ownership Over Global Resources *Video*

Mac Slavo | Casey warns that the world’s economic, financial and monetary systems have passed the point of no return and a change of ownership over global resources will soon take place.

Ohio: More Voting Problems As Ballot Cast For Romney Comes Up Obama

The Marion Star | Joan Stevens was one of several early voters at the polls on Monday.

Iowa warns international observers of arrest

Politico | Iowa has joined Texas in warning international election observers of possible criminal prosecution if they violate state laws.

10-26-12 Dave’s Daily: http://www.etfdigest.com ‘MARKETS LIMP INTO THE WEEKEND 10-26-12 It seems to this observer that perhaps not much is going to happen with markets until after the election. There are just too many headwinds of uncertainty surrounding everything. Of course, there is always the unknown news event that can throw things in one direction or another but that kind of stuff is always with us. The “tell” now is with corporations who aren’t spending based on uncertainty surrounding the election, tax policies, the fiscal cliff, eurozone and so forth. Until these issues become clear we’re in stall mode. Overseas news was dominated by the Bank of Japan launching another round of stimulus on fears that it won’t be able to sell its next bond issue unless they buy it themselves. Frankly, Japan has more problems with a debt bubble than is currently in the news. Korean stocks fell on a decline in exports which isn’t a surprise. Chinese stocks fell to a 5 week low on poor earnings. Spain’s unemployment rate soared to 25% vs 24% which is stunning even as a stealth bank bailout is underway. The troika determined that a Greek bailout was still illusive combined with the country’s demand for €30 billion more was needed. (The amounts needed there will always be growing it seems as conditions fall by the wayside.) In France S&P cut ratings for both BNP Paribas and SocGen. And, even in Canada Moody’s put six banks on watch for downgrades including Bank of Montreal. Later in the day Swiss icon UBS announced it would lay-off 10K employees. Meanwhile back in the U.S. GDP data was reported at 2% vs 1.8% expected with nearly 1/3 of the gain from government spending. Consumer Sentiment, highly weighted by stock prices, was at 82.6 vs 83.1. I have more “confidence” in the Conference Board data. The big earnings news from Apple (AAPL) was panned as the stock declined while Amazon (AMZN) rose despite the large miss on earnings, revenues and guidance. As to the latter, an analyst at Needham stated the “poor report presented the opportunity for a large upside surprise on the next report” which is how WS can spin bad news. With the PE at 280 (no typo) that’s the kind of thinking that institutional robots use to invest based on analysts’ recommendations. The dollar (UUP) was flat as was gold (GLD). Commodity markets (DBC) and (USO) were also relatively unchanged  Bonds (TLT) and (IEF) were higher in price as the sawtooth trading range pattern continues over most maturities. Stocks were uninspired overall lacking certainty on issues noted above and mostly declining earnings closing flat on the day. It’s really a wait and see game for now. Volume was once again light as most investors find little incentive to get further involved now. Breadth per the WSJ was mostly negative…’, YAHOO [BRIEFING.COM]: ‘…Amazon gained 6.9% after reporting its earnings. The online retailer lost $0.23 per share. However, the number may not be comparable to the Capital IQ consensus estimate which forecast a loss of $0.10. The company's revenue of $13.81 billion was largely in-line with expectations, but management issued downside fourth quarter guidance…’ { Tell me … What’s wrong with this (foregoing) picture (of wall street insanity)? } , Guest Post: A Golden Opportunity { Wow! The truth really hurts! Difficult to imagine, however, given the ‘obsessive compulsive’ mindset of players including ‘non-muppet puppeteers’ among others‘ heavily invested in this fiasco which is an overriding dynamic, at least thus far in this comedy of errors gone global. } The euro debt crisis in Europe has presented Germany with a unique opportunity to lead the world away from monetary destruction and its consequences of economic chaos, social unrest, and unfathomable human suffering. The cause of the euro debt crisis is the misconstruction of the euro that allows all members of the European Monetary Union (EMU), currently 17 sovereign nations, to print euros and force them on all other members. Germany is on the verge of seeing its capital base plundered from the inevitable dynamics of this tragedy of the commons. It should leave the EMU, reinstate the deutsche mark (DM), and anchor it to gold. , The Complete 'Advanced' Economy Sovereign Ratings Cheat-Sheet S&P recently acted to markedly downgrade Spain, and Moody’s has ended its recent ratings review, leaving Spain at Baa3; and while ratings could remain largely stable in the short-term (supported by OMT's promise and the possible delay of GRExit), there are a few exceptions such as France and and the UK that Citi's Rates group expect to see downgrades on in the short-term. The following table provides the full breakdown of Moody's and S&P's ratings for the advanced economies along with Citi's model views - which imply weak outlooks for most of Europe in the medium-term as Greek reality hits home. , Guest Post: Putin Is the New Global Shah of Oil Exxon Mobil is no longer the world's number-one oil producer. As of yesterday, that title belongs to Putin Oil Corp – oh, whoops. We mean the title belongs to Rosneft, Russia's state-controlled oil company. With TNK-BP in its hands, Rosneft will be in charge of more than 4 million barrels of oil production a day. And who is in charge of Rosneft? None other than Vladimir Putin, Russia's resource-full president. Gazprom in control of Europe's gas, Rosneft in control of its oil. A red hand stretching out from Russia to strangle the supremacy of the West and pave the way for a new world order– one with Russia at the helm. It is not as far-fetched as it might seem – or as you might want it to be. Or imagine this: Russia could join OPEC. , Why The Real Earnings Picture Is Bad And Getting Worse Listening to the incessant chatter of confirmation bias from CNBC, you could be forgiven for thinking that earnings are 'not that bad'. Headline-makers like AMZN, GOOG, and AAPL scare for a few moments but we are reassured back to numb BTFD-land by some disingenuous analyst (or worse a PM) who says he is buying with both hands and feet. The misleadingly top-down positive impression of looking at a 'beats-to-total ratio', suffers from one rather annoying bias (that often gets forgotten):  analysts constantly revising their expectations throughout the reporting period, and hence rarely deviates from the current level of 71%. But, as Citi notes, if one examines results relative to analyst expectations prior to the reporting season, it's clear just how disappointing Q3 has been - especially given the sell-side mark-downs already factored-in.Intriguingly, for as downbeat as third quarter results have been, we've yet to see the sell-side revise down estimates for next quarter or 2013.

Vietnamese Banks Who Paid Dividend On Stored Gold, Were Quietly Selling It To Appear Solvent

Submitted by Tyler Durden on 10/26/2012

Several months ago, we reported about a troubling development in Vietnam, happy inflationary host of one of the world's most rapidly devaluing and best named currencies, that in direct refutation of Ben "Gold is not money, it is tradition" Bernanke's claim that gold is just a trinket one can fondle with no inherent value, the local banks had gone as far as paying the local residents a dividend to "store" their gold (recall all those charges against gold that it never, ever pays a dividend....). However, as we subsequently warned, any time a bank, and especially an entire banking sector, is willing to pay you paper "dividends" for your gold, run, because all this kind of (s)quid pro quo usually ends up as a confiscation ploy. Sure enough, as Dow Jones reports today, the gold, which did not belong to the banks and was merely being warehoused there (or so the fine print said), was promptly sold by these same institutions to generate cash proceeds and to boost liquidity reserves using other people's gold, obtained under false pretenses.

UBS To Terminate 10,000, Or One Sixth Of Its Employees

Submitted by Tyler Durden on 10/26/2012

There is down-sizing; there is trimming-the-fat; and then there is UBS. The once-giant Swiss Bank just announced it will cut up to 10,000 jobs. This comes on top of the 3,500 from last year - which makes a rather dramatic weight-loss strategy for the 63,500 employee firm. As the FT reports, they will not happen all at once (so just after the election then?) but will lead to the closure of a sizable part of UBS' fixed-income trading operations (and other capital intensive areas of the investment bank). Perhaps in the understatement of the day: "There were several options on the table but UBS has decided on the most radical one," a person familiar commented as the plan is hoped to reduce complexity and costs - so no more Bloomberg Terminals? One thing surely gone is a source of fixed income axes: "The new strategy, hammered out in several executive board meetings in New York this week and set to be announced next Tuesday, will lead to the closure of a sizeable part of UBS’s fixed-income trading operations and other capital-intensive areas of the investment bank." The winner: Goldman of course, which in a world of collapsing trading revenues has taken to Lehmaning its competition once again, only this time not using brute force but the far more classical war of attrition in a collapsing economy.

September 30, 2012 US Debt-To-GDP: 102.4%

Submitted by Tyler Durden on 10/26/2012

The government may have been instrumental to the US economy growing in the third quarter (did we say may: generating over 30% of the annualized 2.0% "growth" in Q3 probably qualifies as was absolutely instrumental in this impartial, apolitical datapoint), but the bottom line is that there was a cost. There is always cost. And a number: the number is $15.776 trillion, which was the absolute GDP number as of September 30, 2012 (to be revised lower in one month). This means we can now calculate what total US Debt-GDP was as of 3 weeks ago. And with the DTS reporting that debt was $16.16 trillion as of the day the third quarter ended (net of the SSN funding adjustment, which of course is always reported the first day of the next quarter for window dressing purposes), it means that total US Debt-to-GDP was 102.4%. And obviously rising much faster as since the Second Great Depression it takes well over $2 in debt for every $1 increase in GDP. Because there never is such a thing as a free lunch, especially when the government is operating the soup kitchens...

Q3 GDP Estimate Beats Expectations As Government "Consumption" Soars

Submitted by Tyler Durden on 10/26/2012

The preliminary look at Q3 GDP just came out and "beat" expectations of a 1.8% print, with a 2.0% reading (or just in line with stall speed, a number which previously has been indicative of recessions). So far so good, but as with every other pre-election economic data point out of the government, one has to look behind the headline to get the true picture. And the details are, as expected, ugly. Because of the 2.02% annualized increase in GDP, over one third, or 0.71% (compared to a deduction of -0.14% in Q2), was contributed by "Government Consumption."  This was the biggest rise in government spending in 3 years, and only the first contribution by Uncle Sam to its own GDP print since Q2 2010. So in much the same way as the September jobs print soared courtesy of government employee hiring, this same government is now juicing its own numbers to make itself look better. The real question is what the second and third Q3 GDP revisions will show, which both come, luckily, after the election. Recall that Q2 GDP initially came out at 1.5%, then was revised to 1.7%, until finally coming to rest at 1.25%.

Marketwatch: UBS to cut up to 10,000 jobs: report

Radio Update: Dow down 2% on week

U.S. stocks finish with weekly losses

Will The Bottom Fall Out? 15 Signs That Layoffs And Job Losses Are Skyrocketing

The Economic Collapse | If you still have a good job, you might want to hold on to it very tightly.

Q3 GDP Estimate Beats Expectations As Government “Consumption” Soars

Zero Hedge | This was the biggest rise in government spending in 3 years.

8,803,335: Another New Record for Disability—Up 975 Per Day Under Obama

CNS News | The number of American workers collecting federal disability insurance benefits hit yet another record high in October, according to the Social Security Administration.

David Einhorn Explains How Ben Bernanke Is Destroying America

Zero Hedge | David Einhorn knocks it out of the park with his very first statement during today’s Buttonwood Gathering.

The Germans Are Coming for Their Gold

CNBC.com | A German federal court has said that country’s central bank should conduct annual audits and physically inspect its gold reserves worldwide, including gold in the custody of the Federal Reserve Bank of New York.

10-25-12 Dave’s Daily: http://www.etfdigest.com ‘MARKETS QUIET BEFORE APPLE EARNINGS 10-25-12 Overseas news featured a report from the China Conference Board which saw growth in the country at only .3% vs 1.7% previously. The Bank of Japan indicated it would join the QE party and begin stimulus operations. The UK reported GDP data at 1% meaning the recession is over or there would be a triple dip. In the U.S. Jobless Claims were about as expected (369K vs 372K expected & prior revised higher to 392K). Upward revisions to all data seem commonplace now but certainly make for better “beats”. Durable Goods Orders headline number rose (9.9% vs 7% expected & prior -13.1%) and ex-Transportation (2% vs 1% expected & prior revised lower to -2.1%). However the important data within this report was business investment remained “flat” meaning GDP data may be downgraded again. Corporations are holding back due to uncertainty regarding the election, fiscal cliff, tax policy and healthcare expenses. Pending Home Sales (.3% vs 2.5% expected) were poorly received.The spin on earnings thus far has been about beating lowered estimates overall. However guidance and revenues are in decline. It’s said earnings overall for the S&P 500 will be down 1.8% while ex-Apple down 3.1% such is the weighting of “the one”. Apple (AAPL) and Amazon (AMZN) among others report earnings after the close as the flood of earnings continues. Apple shares have dropped nearly 14% from their highs amid production woes, factory scandals in China and disappointment over the iPad Mini. Thursday before the earnings release Apple stated they would be launching a radio service. This crushed Pandora’s (P) stock price on the news. Apple earnings were expected around $8.85 with “whisper numbers” as high as $9.85 and came in at only $8.67. All acolytes unite!! Amazon on the other hand is hell-bent on capturing market share for just about everything at the expense of profits. How long that can last is anyone’s guess. Amazon reported a miss of $13.81 billion in revenues vs $13.92 billion expected and an earnings loss (after adjustments) of 23 cents vs loss of 7 cents expected. The company also guided revenues lower—shares slid. Also, previous high flyer Coinstar (CSTR) reported earnings (dba, Red Box) shares slid after its report disappointed. Stocks began the day sharply higher on employment and global data but then faded as investors looked further under the hood and also ahead to obvious unknowns. Most sectors closed the day relatively unchanged.The dollar (UUP) was slightly higher while gold (GLD) managed to climb some from its recent lows. Commodities (DBC) and oil (USO) were little changed overall. Bonds (TLT) continued to be weak no doubt still disappointed that the Fed didn’t super-size QE3. Volume was light once again as markets were tense before earnings from Apple while breadth per the WSJ was mildly positive…’, Will The Bottom Fall Out? 15 Signs That Layoffs And Job Losses Are Skyrocketing http://albertpeia.com/layoffsjoblossesskyrocketing.htm , Spain is 100% Totally Beyond Saving http://albertpeia.com/spainbeyondsaving.htm , What America's CEOs Really Think In One Chart ZeroHedge.com ‘…a huge rise in North American job cuts. It would appear, given the data below, that CEOs are wise in the ways of just-in-time only fix it when its totally broken policy-making and have front-run every major event with huge layoffs. To wit, since the start of September, announced layoffs in North American firms have soared to levels not seen since the debt-ceiling-debacle of last year (all the while - claims and the unemployment rate continue to fall)...’ , Apple Cash Balance Rises At Slowest Pace In 30 Months , Hugh Hendry: "I Have No Idea Where The Stock Market Is Going To Be"... But "I Am Long Gold And Short The S&P"

David Einhorn Explains How Ben Bernanke Is Destroying America ZH "We have just spent 15 years learning that a policy of creating asset bubbles is a bad idea, so it is hard to imagine why the Fed wants to create another one. But perhaps the more basic question is: How fruitful is the wealth effect? Is the additional spending that these volatile paper profits are intended to induce overwhelmed by the lost consumption of the many savers who are deprived of steady, recurring interest income? We have asked several well-known economists who publicly support the Fed’s policy and found that they don’t have good answers. If Chairman Bernanke is setting distant and hard-to-achieve benchmarks for when he would reverse course, it is possibly because he understands that it may never come to that. Sooner or later, we will enter another recession. It could come from normal cyclicality, or it could come from an exogenous shock. Either way, when it comes, it is very likely we will enter it prior to the Fed having ‘normalized’ monetary policy, and we’ll have a large fiscal deficit to boot. What tools will the Fed and the Congress have at that point? If the Fed is willing to deploy this new set of desperate measures in these frustrating, but non-desperate times, what will it do then? We don’t know, but a large allocation to gold still seems like a very good idea."

Overnight Market: Futures Breaking Below Draghi-Believe Lows ZH S&P futures are being crushed overnight. Currently trading below the levels of September 5th Draghi comments (back under 1400) and -11pts from the close. AUD is weak, Treasuries are modestly bid (as is the USD) and commodities are rolling over. The catalyst? We see four things: 1) Delayed reaction to global supply chain implications of an AAPL outlook cut (and/or overseas holders hedging) as well as some missed earnings in China; 2) Major Aussie quasi-bank Banksia (yes, its really called that!) hitting the skids (a la Northern Rock) bringing fear that Australia is entering 2008-mode USA; 3) a NYT article which could be inferred as a direct attack on the Chinese political faction (exposing Wen Jiabao's hidden billions); and/or 4) a realization that at 14-plus x P/E multiples, the US equity markets are not pricing in anything the kind of possible pain a fiscal cliff scenario (or Romney-ite in the Fed) might bring. Of course, the need for a narrative is irrelevant, the most net long position since 2008 is unwinding (for now) but by the time we wake for New York's morning, things could have reversed once again.

Guest Post: The Dark Age Of Money ZH If you often wonder why ‘free market capitalism’ feels like it is failing despite universal assurances from economists and political pundits that it is working as intended, your intuition is correct. Free market capitalism has become a thing of the past. In truth free market capitalism has been replaced by something that is truly anti-free market and anti-capitalistic. The diversion operates in plain sight. Beginning sometime around 1970 the U.S. and most of the ‘free world’ have diverged from traditional “free market capitalism” to something different. Today the U.S. and much of the world’s economies are operating under what I call Monetary Fascism: a system where financial interests control the State for the advancement of the financial class. This is markedly different from traditional Fascism: a system where State and industry work together for the advancement of the State. Monetary Fascism was created and propagated through the Chicago School of Economics. Milton Friedman’s collective works constitute the foundation of Monetary Fascism. Today the financial and banking class enforces this ideology through the media and government with the same ruthlessness of the Church during the Dark Ages: to question is to be a heretic.   When asked in an interview what humanities’ future looked like, Eric Blair, better known as George Orwell, said “Imagine a boot smashing a human face forever.”

Apple Disappoints

Submitted by Tyler Durden on 10/25/2012

And so the behemoth misses... again:

APPLE 4Q EPS $8.67, EST. $8.75 - miss

APPLE 4Q SALES $36.0B - slight beat

APPLE SOLD 14.0 MILLION IPADS DURING QTR, UNIT EST. 15.3M

But the uglyness is in the forecast. And this time it is not a low-ball:

APPLE SEES 1Q EEPS $11.75, , EST. $15.49

APPLE SEES 1Q REV. ABOUT $52B, EST. $55.07B

Stock halted so keep an eye on the QQQ as a proxy - QQQs imply AAPL $590 here (200DMA is $587)... AAPL will resume trading at 4:50ET

Amazon Bloodbath After Hours As Suddenly "Earnings Matter" Once Again

Submitted by Tyler Durden on 10/25/2012

After defying gravity for months on end, on what we quarter after quarter warned were ever declining margins and revenue growth, the Amazon bubble (just about 300x P/E at last check) has finally popped, and investors no longer believe that the company can offset collapsing profit margins with increasing volume. And yes, the Kindle is proving to be nothing more than yet another fad rather than the latest and greatest razor-razorblade ecosystem paradigm.

10-24-12 Dave’s Daily: http://www.etfdigest.com ‘MARKETS UNIMPRESSED BY FED ACTION 10-24-12 The Fed announced basically no changes in policies Wednesday. Parse the statement 20 different ways from Sunday and all you find is weak fixed business investment, global risks and more stable home prices. So previous ideas the Fed would double asset purchases was not in the cards for this meeting. Tuesday the rumor swirled that Ben would not be accepting a third term as Fed chief if offered (Romney has said no to an offer anyway). This gave markets the blue since Ben has been providing the sugar bulls were addicted to. Ben no doubt wants to write a book, sit on boards and make lucrative speeches. Besides he may miss those Bee Gee days ya think?New Home Sales in the U.S. rose 5.7% the highest rate in two years screamed the headlines in the financial media. But as always, inside the numbers things weren’t quite so rosy as again prior data was revised lower (368K vs 373K) thus allowing for the “beat”. The Flash PMI rose to 51.3 vs expected 51.5 but prior data was revised lower from 51.5 to 51.1 allowing a beat. (Oh, those pesky revisions!)Chinese manufacturing rose from 47.9 to 49.1 which cheered investors hoping for a “soft landing” in the region. But, at the same time eurozone manufacturing fell as did German confidence data. Europe’s SAP reported better earnings allowing for a rebound in indexes. Boeing (BA) reported weaker earnings but beat estimates while Eli Lilly (LLY) missed and Dow Chemical (DOW) announced large lay-offs. Facebook (FB) shares soared 22% at the open on a slightly better report regarding mobile ads. However, the outsized boost came as a result of a massive short squeeze abetted by some analyst buy ratings. Cynically, let’s remember restricted shares are due for release in two months so getting the stock higher helps those in need.There have been rumors from the eurozone that a deal with Greece had been reached. (This was all later denied by Draghi and further amended by the troika that no monies would be dispersed until conditions are met.) In it is an austerity commitment of $13.5 billion over two years, an increase in the retirement age to 67 from 65 and a placement of 25K government workers on “reserve” (read layoffs & welfare). If this were true we’d see tear gas and firebombs in the streets of Athens by now. The show in the eurozone may go on for years. The ECB’s Draghi spoke to the German parliament Wednesday and everyone came away talking about how comforting the presentation was. Spiegel featured Germany’s Finance Minister Schauble with a grimmer outlook. It’s the central banks and QE vs economic data and earnings. Below are charts of economic data from China, Europe and the U.S., which tell the story (courtesy of ZH and Credit Suisse).

http://albertpeia.com/davesdailycharts.htm

The dollar (UUP) was flat and gold (GLD) somewhat weaker once again. Stocks continued to decline on the Fed statement. Commodities (DBC) were led lower by energy (USO) on higher inventory data. Bonds (TLT) dropped in price most likely due to a smaller than expected QE buy package from the Fed. Volume overall remains light even for a Fed-day. Breadth per the WSJ was negative…’ , 37 Facts About How Cruel This Economy Has Been To Millions Of Desperate American Families http://albertpeia.com/37factscrueleconomydesperateamericans.htm , The Truth About Europe… Which the Media Won’t Report http://albertpeia.com/truthabouteumediawontreport.htm , The 46 Million Foodstamp Man March - An Infographic ZeroHedge.com America has over 44 million people on Food Stamps. The food stamps program's real name is Supplemental Nutrition Assistance Program (SNAP). The Food Stamp program is "hidden" from view through Electronic Benefit Transfer (EBT) Cards that work just as credit cards. This article visualizes the size of the program and the vast amounts of people participating. , Guest Post: Plutonocrits The term 'Plutonomy' was originally coined by Citigroup analyst Ajay Kapur, who argued that in many countries, an ever larger part of economic activity was due to the the richest segments of society, as wealth disparities have increased a great deal in recent decades. Countries with especially large Gini coefficients (i.e., an especially large gap between rich and poor) were deemed to represent such 'Plutonomies' by Kapur. We would briefly comment  here that one of the main reasons why the gap between rich and poor has widened so much is the vast amount of monetary inflation that has taken place in recent decades. It is not inequality as such that is the problem. The problem is that while the rich have gained from monetary inflation, the middle class and the poor have at the same time lost out. , On That 'China Is At 52-Week Highs' Meme It appears once again that the behavior of a liquidity-constrained high-beta market-price is encouraging excitement among some of the world's 'smartest' media mavens. "But, but, but, 'China' at 52-week highs must mean something?" we hear. Well three things on that meme: 1) the 52-week high Hang-Seng is not reflective of 'China' fundamentals per se - instead a far faster-money inflow/outflow liquidity indicator; 2) China's Shanghai Composite remains extremely weak; and 3) the Hang-Seng has had three false (and dramatic) swings in the last three years which have all reverted painfully fast (1 bearish and 2 bullish) - do you believe this time is different? Fall 2010 and Spring 2012 both looked great - until they crashed and burned... , Chart Of The Day: 55 And Under? No Job For You Nearly two years ago, and progressing to this day, we first observed (and subsequently even the mainstream media caught on) that America's labor force is slowly but surely converting itself from a full-time to part-time worker society. The reasons for this are obvious: to corporations, the benefits associated with employing part-time workers are countless: avoiding substantial benefits-related costs, evading long-term job contracts, hourly basis wages, and many others. In fact, as long as there is slack in the economy, and there will be for a long, long time as the shift in labor demand is now secular, regardless of what the Fed wants to admit, employers will have ever more leverage, while workers have less and less (and are forced to agree to any employment terms, as long as they get some paycheck at all). This much has been known. What has gotten far less prominence is that of the much trumpeted 4+ million jobs added since the trough in late 2009, virtually all the job additions have gone to (part-time) workers 55 years and over. Indeed, as the chart below shows, starting since the official NBER end of the recession in June 2009, the US has cumulatively added 2.9 million jobs. However, when broken down by age cohort, 3.5 million of these jobs have gone to US workers aged between 55 and 69. Another 729K have gone to recent college grads aged 20-24. What about those workers in their prime years: between 25 and 54 years of age? They have lost a total of 729,000 jobs since June 30, 2009! , Guest Post: New Home Sales - Not As Strong As Headlines Suggest While the media continues to push the idea that the housing market is on the mend the data really doesn't yet support such optimism.  The current percentage of the total number of housing units available that are currently occupied remains at very depressed levels. When it comes to the reality of the housing recovery the 4-panel chart (below) tells the whole story. There is another problem with the housing recovery story.  It isn't real.  The nascent recovery in the housing market, such as it has been, has been driven by the largest amount of fiscal subsidy in the history of world. The problem, however, is that for all of the financial support and programs that have been thrown at the housing market - only a very minor recovery could be mustered. With household formation at very low levels and the 25-35 cohort facing the highest levels of unemployment since the "Great Depression" it is no wonder that being a "renter" is no longer a derogatory label. , Evacuate The Dancefloor: Coordinated Dump In Stocks, Bonds, Commodities And Crude

Raj Gupta Gets Two Years

Submitted by Tyler Durden on 10/24/2012

This will learn him:

RAJAT GUPTA GETS 24-MONTH PRISON SENTENCE FOR INSIDER TRADING

RAJAT GUPTA FINED $5 MILLION

Moral of the story: steal $100 million (illustratively: nobody knows what the bottom line impact of the criminal activity was: could be more, could be less) -> spend two years in a minimum security country club, electric golf carts included. Look for a surge in insider trading cases with this ruling which makes risks to getting caught trading on inside information not only acceptable, but in fact welcome. The good news, for Jon Corzine at least, is that if the MF Global case ever gets to the sentencing stage (it won't), his sentence would be to fly coach class for 24-48 hours.

Guest Post: Ben Bernanke's Secret Philanthropy

Submitted by Tyler Durden on 10/24/2012

Legendary oilman T. Boone Pickens famously calls America’s oil imports ‘the greatest transfer of wealth in the history of the world.’ Pickens is referring to the money that is paid each year to oil exporting nations, particularly those in the Persian Gulf which raked in around $100 billion last year. No doubt, this is an enormous transfer of wealth. But it’s a drop in the bucket compared to the TRILLIONS that Ben Bernanke gives the world’s elite. It constitutes, by far, the greatest transfer of wealth in history, vastly exceeding America’s energy imports. It’s an unconscionable, immoral, ridiculous game. But there’s good news– we can stop playing whenever we want. We don’t HAVE to hold their worthless currency. We don’t HAVE to keep transferring our purchasing power to an elite group. We can “opt-out”. Trade as much of their paper as you can for something REAL, especially physical precious metals.

Debates 'diminished' Obama, says Romney "You can boil down what he's saying to four simple words: more of the same," Romney said today in Reno. { I’m truly astounded that after 4 years of b***s***, lies, profligate spending for obfuscation but much vacation, and consequent unequivocal failure, people are even listening to, much less ‘buying’ what wobama desperately says. Not even a word from 0 is worth listening to. That includes those who should supposedly know better. Moreover, self-respect requires that americans reject wobama’s desperate campaign slings, arrows, and desperate entreaties which ignore the reality of his blatant failure in large part owing to his having failed to do as promised last ‘eternal campaign’. Then there’s the threats and intimidation from the niggers who are like ignorant, vicious animals in lockstep accord with the abject and utter presidential failure obama; yet, such typical ‘clannish’ racism by blacks is virtually ignored and rational opposition to the failure spelled ‘0’ is being cast as racist. How can any nation survive such contraindicated insanity. I’m truly amazed! }

Why Greg Smith Left Goldman: Wall St. Now an 'Eat-What-You-Kill System'

Dutch court says Samsung does not infringe Apple patent [ Though contrary, american courts almost without exception and the federal system generally, are so corrupt and lacking in credibility that they really deserve no precedential, jurisprudential respect…and get none. From my direct experience: One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). ( I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! http://albertpeia.com/selfdefense.htm ) ]

10-23-12 Dave’s Daily: http://www.etfdigest.com ‘THUMBS DOWN ON EARNINGS 10-23-12 Suddenly things don’t look good for bulls. Most of it is based on poor earnings and outlooks from leading companies. It’s strange since earnings season was expected to be poor. Therefore there must be more to it than that and there is. The idea circulated Tuesday that Bernanke would not want a second term which might deprive bulls of the best supporter. A Romney win, now seen as more possible, would cement this based on his statements to build his own team and disapproval of current Fed policies. Suddenly with the election close “fiscal cliff” worries are back front and center once again. Also eurozone issues were with us (again…sigh) as Spain provincial debt was slashed by Moody’s and the high court in the EU is examining bailout limitations. Back to earnings news and the difficulties began with DuPont (DD) where earnings declined 98% and guidance was reduced. This negatively affected materials (XLB). Next was United Parcel Service (UPS) which noted declines in shipping overseas (eurozone). Things went south from there for equities.Economic data featured poor data from the Richmond Fed (-7 vs +5 expected & prior +4).Monday markets rallied late as a story suggested the Fed might double the size of QE3 which again is the candy bulls feast on. Wednesday the Fed will announce their policy and any changes.Serial new product rollout show from Apple (AAPL) left investors unimpressed as the stock fell. Like the Fed perhaps you can go to the well one too many times.Stocks fell sharply across the board without the obligatory “stick save” seen yesterday afternoon. Support levels were taken out throughout major sectors and there was little refuge away from cash or bonds. The dollar (UUP) was higher and commodities (DBC), (USO) & (GLD) were crushed. Bonds rallied on a flight to safety. Volume increased once again on selling and breadth per the WSJ was quite negative…’ , Pimco COO blasts financial culture Marketwatch , This Could Be the World’s Largest, Most Toxic Banking System… http://albertpeia.com/largestmosttoxicbanksystem.htm , What If We Adopted A System Where The Banks Did Not Create Our Money? http://albertpeia.com/systemwherebanksdontcreatemoney.htm , Romney’s Detroit op-ed jumps to NYT’ ‘Most Read’ list , New Obama ad inflates jobs claim It claims the president created 5.2 million new jobs. The total number of jobs added is actually about 325,000. { Wobama is such a b***s***! O is a big ZERO as in 4 failed years minus 4 more years of failure equals 0 years to go come 11-6-12 and 1-21-13! O’s such a lying con/grifter! } , Lance Armstrong and America’s growing culture of psychopathic liars Natural News | Lance Armstrong’s implosion is being called an “epic downfall” by CNN. , Eyes Wide Shut - "We Are In A Bad Spot" ZeroHedge.com We cannot escape the conclusion that things remain hopelessly off track.  Whatever form of 'recovery' is being sought here simply will not arrive. The core of our views is shaped by the idea that the very thing being sought, more economic growth (and exponential growth, at that), is exactly the root of the problem.  We suppose we would take a similarly dim view of an alcoholic trying to drink their way back to health as we do the increasingly interventionist central bank and associated political policies the world over. We are losing hope that we will navigate towards anything other than a hard landing at some point because even with copious amounts of data accumulating suggesting that the old ways are not working, we cannot detect even the slightest hint of original thinking or new thoughts coming out of the marbled halls of power. Business-as-usual and more-of-the-same seem to be the only operative ideas right now. But what is a bit startling to me is the number of individuals that have not yet caught onto the idea that things have permanently and irrevocably changed. , Greece Kills Bond Buyback Proposal One of the zanier proposals floated in the past few weeks, yet sufficient to send Greek bonds soaring to post-restructuring highs on hopes of a take out, was the suggestion that Greece would repurchase its fresh-start bonds in the open market, which recently traded in the teens, and have since virtually doubled, at a price ~25 cents of par. Obviously since the price of the bonds had been much lower, even the mere possibility of what is termed in the industry as a distressed buyback, sent everyone scurrying to purchase the paper, as if it had any intrinsic economic value (it did not), instead of mere hopes that Greece would throw even more good money after bad (especially since the fresh start bonds have a meaningless cash coupon and nobody expects them to be repaid at maturity). There is also the detail that a distressed buyback is, for the rating agencies, equivalent to an Event of Default, but knowledge of that small fact would be demanding too much out of those who scrambled in the latest chase for yield. Anyway, with all that said, it now appears that the whole idea is over, with Greek Kathimerini reporting moments ago that Greece has scuttled the proposal for a bond buyback. , Size Doesn't Matter As AAPL's New 8-Incher Underwhelms And Bipolar Market Resumes , Corzine Tells Judge That Due To Purchase Of 50,000 MF Global Shares Before Bankruptcy, He Must Acquit That former Goldman, New Jersey and MF Global head Jon Corzine is absolutely convinced he is innocent of any client money vaporization or wrongdoing, and that the definition of the phrase "to Corzine (verb- to trust your money to a prominent individual and to find it has mysteriously disappeared)" is absolutely arbitrary, is not news to anyone. And if not convinced then at least at a complete loss to what actually happened. One just had to recall all the "I don't recalls" the Honorable Corzine told congress during the makeshift kangaroo court hearing on MF Global's collapse (even if the final outcome was less than desired).   So it's only logical that the Honorable Corzine asked a federal judge to "toss a civil fraud lawsuit accusing him of misleading investors about the risky bets the futures firm was taking before its collapse a year ago." The WSJ reports that "Corzine's lawyers blasted the investors' suit as a "jumble of assertions and accusations" that makes "no sense" that should be dismissed in a filing Friday in U.S. District Court in New York." … , Nigel Farage On The Total Subjugation Of Europe , Apple Introduces A Slightly Bigger Samsung S III (And Faster, "Excel-Optimized" New New iPad 4) UPDATE: AAPL Stock -2.5% - below Friday's Closing VWAP Below is a picture of the product that Steve Jobs never wanted launched, and which Apple has been forced to release due to competitors which are suddenly beating it in its own game… , Record Direct Bidder Scramble For Safety Of Today's 2 Year Bond Auction , European Stocks And Bonds Plunge Most In A Month , The Gray Economy: Europe's €1.5 Trillion A Year Black Hole , Kaminsky On The Election: "The Easy Money Days Are Gone" While many are blaming today's weakness on DuPont and a final awakening that earnings might not hockey-stick as consensus believes, CNBC's Gary Kaminsky has an interesting angle that is gaining ground among desks. We can argue all day long that central bank actions have driven a 'wedge' between fundamentals and market prices (as we did here) and as Gary himself notes "printing money around the world does not help corporate profits" but Kaminsky's view of today's weakness is more nuanced to the outcomes of the election. Critically, he makes the case that the market is starting to realize that whoever wins in two weeks, there is a more negative bias post-election. From Obama's higher taxes and more-of-the-same sluggish economy to Romney's potential China-Trade-war, an implied strong-USD-policy, and potentially the end of the 'Bernanke-Put'; Kaminsky says "the easy money days are gone" and warns of a 1000 point correction being possible. , Guest Post: Debt - Driving The Economy Since 1980 Debt.  There isn't a day that passes as of late that the issue of debt doesn't arise.  Federal debt and consumer debt (including mortgages) are of the most concern due to its impact on the domestic economy.   Debt is, by its very nature, a cancer on economic growth.  As debt levels rise it consumes more capital by diverting it from productive investments into debt service.  As debt levels spread through the system it consumes greater amounts of capital until it eventually kills the host. The problem is that during a “balance sheet” recession the consumer is forced to pay off debt which detracts from their ability to consume.   This is the one facet that Keynesian economics doesn’t factor in. It’s time for our leaders to wake up and smell the burning of the dollar – we are at war with ourselves and the games being played out by Washington to maintain the status quo is slowing creating the next crisis that won’t be fixed with monetary bailout.

Frontrunning: October 23

Submitted by Tyler Durden on 10/23/2012

Moody’s Cuts Ratings on Catalonia, Four Other Spanish Regions (Bloomberg)

And the market top: Billionaire Ross Interested in Buying Spanish Bank Assets (Bloomberg)

Japan Jojima denies govt seeks $250 bln BOJ asset buying boost (Reuters)

China hints at move to strengthen Communist rule (Reuters)... well everyone else is doing it

Euro-Area Bailout Fund Faces Challenge at EU’s Highest Court (Bloomberg)

Obama, Romney now tied in presidential race: Reuters/Ipsos poll (Reuters)

Former China Leader Jiang Resurfaces Before Political Transition (Bloomberg)

Some in Congress look to $55 billion fiscal cliff 'fallback' (Reuters)

CLOs stage comeback in US (FT)

TXU Teeters as Firms Reap $528 Million Fees (Bloomberg)

China’s Factories Losing Pricing Power in Earnings Threat (Bloomberg)

Overnight Sentiment: Crashy

Easy come, easier go. After yesterday's last hour ramp driven by a MarketWatch article that said absolutely nothing new about the Fed's monetization plans and an AAPL surge which saw the firm add $22 billion in market cap in one day (or more than the market cap of CBS Corp) sent stocks green, the overnight session has taken it all away and then some, with futures now trading roughly 12 ticks lower or at yesterday's lowest levels. The catalyst is, once again, Spain where Moody's downgraded five Spanish regions including Catalonia after the market close (for the reason, see our piece from the weekend "Spanish Regional Bailout Fund Runs Out Of Money"), coupled with news from Confidencial that Spain's budget deficit will overshoot the EU target of 6.3% and hit at least 7.3%, driven by a €10.5 billion deficit in the social security system, trashing the promises from last month's Spain's "reform" package, and as BNP said (confirming what we warned weeks ago), making the conditionality hurdle suddenly that much higher for Spain. And just as the world was getting comfortable that Spain will get away with using the OMP with virtually no conditions. The cherry on top came from France where the business conditions index slid to a 3 year low on expectations a trough had been put in place. The result is a tumble in the EURUSD to below the 1.3000 barrier, dragging stock futures, commodities, and of course Europe with it, sending the Spanish bond curve yield higher, and generally giving a very sour mood to the day as traders walk in.

Will Frustrated Homeowners And Armed Posses Take Matters Into Their Own Hands As Home Invasions Rise?

http://endoftheamericandream.com

http://albertpeia.com/selfdefense.htm

[ One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! ]

Obama’s attacks on Romney belittle presidency Marketwatch { Indeed! Come on! What can wobama say? He has but a record of abject failure to run on! And, the record IS unequivocally utter failure! All the choom fantasy, fellow nigger intimidation and threats will not change that fact! Drudgereport 10-23-12: Obama Supporters (niggers et als) Continue Threats To Riot, Assassinate Romney... }

Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm

50 Crazy Things That Obama Supporters Are Threatening To Do If Romney Wins

http://albertpeia.com/50crazythingswobamasupportersthreatening.htm

{ The question is do americans have the courage to stand up to the uncivilized terrorist niggers by giving the deserved boot to an egregiously failed president obama who has proven himself to be a typical jive-talking b***s*** nigger himself! Or, are americans going to cower in fear of the nigger threats and prove to the world they are but cowards of a failed nation. }

New Threats to Riot if Obama Loses Election... [ The threats alone are a reason sufficient for backing President Romney. If left unchecked, the nigger terrorists will be even further emboldened to their already egregious criminal, terroristic ways. No man, woman, or child will be safe if the lethal black cancer grows. The 4 years of O have been complete, utter failure and no amount of wobama b***s*** and nigger intimidation can change that fact! Quite simply, niggers are inherently criminal terrorists: Examples of what people are saying include the following;

“If obama dont get re-elected & romney wins .. on life every white persons getting pistol whipped and im startin a riot.” (SOURCE)

“If Obama don’t win lets start a riot so Romney know what he’s getting himself into.” (SOURCE)

“You know you ain’t shit if you gotta “MAKE” Mafukas vote for ROMNEY ! …. Mannnn OBAMA better get back in office . Or BLACK FOLKS will riot.” (SOURCE)

“If Romney wins im goin on a rampage.” (SOURCE)

“If Mitt Romney wins the election I think its our duties as Black folks to riot and fuck shit up.” (SOURCE)

“If every action IS met with an equal and opposite reaction ..what should workers do to employers if Romney’s elected? #Riot in the streets!!” (SOURCE)

“If Romney becomes president let’s all start a riot.” (SOURCE)

“If romney wins, imma start a mf’n riot! Rns.” (SOURCE) ]

[ Will The Election Results Cause Massive Riots To Erupt All Over America?

http://theeconomiccollapseblog.com

http://albertpeia.com/massiveriotsinamerica.htm

{ Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family

http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

{ Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }

Did the final presidential debate do anything to influence who you will support in ... NBCNews.com  { The following comment is correct. The other aspect is that people are seemingly pathetically ignoring that O’s last 4 years have been an abject, utter failure in spectacularly unprecedented fashion. A sad commentary on the state of the nation when such blatantly clear reality is ignored by so many, including those who should know better.} ‘Obama has told no truth in 4 years. He can't wave his hand and ignore sequestration. We need a leader not a liar. Romney is our only choice.’

10-22-12 Q3 Earnings Season To Date Summary: Ugly... And Getting Worse Roughly one third of the S&P has reported earnings so far, with another third reporting in the next five days and almighty AAPL on deck Thursday evening, and if there is one word to describe what has happened so far, that word would be "ugly." The same word would be used to describe how Q4 is shaping up to be. And that word will be very a optimistic prediction of what 2013 will bring unless a major catalyst develops that pushes Congress to resolve the fiscal cliff situation. So far that catalyst is missing. But going back to Q3 earnings, here is how Goldman's David Kostin summarizes events to date: "3Q reporting season is roughly one third finished. Two early conclusions: (1) Information Technology results have been startlingly weak with high-profile revenue disappointments by the four horsemen: MSFT, GOOG, IBM, and ORCL. (2) EPS guidance for 4Q has been overwhelmingly negative across all S&P 500 sectors with 18 of 20 firms lowering 4Q earnings guidance by a median of 5%. Analysts have lowered 4Q EPS estimates for stocks already reported by 0.4%. We expect further EPS cuts of 6% loom ahead. Firms reporting next week: AAPL, T, PG, MRK, CMCSA, AMZN, COP, AMGN, OXY, MO, UTX, MMM, CAT, DD, and FCX." Sorry Bob Pisani, better luck spinning earnings favorably next QE. , One World Economic System Kills American Jobs http://albertpeia.com/oneworldeconsystemkillsamericanjobs.htm , Three Things Investors Don’t Know About Europe How To Buy Bullion (What to Ask and What to Own) The Recipe For Hyperinflation http://albertpeia.com/europebullionhyperinflation.htm , Monster (Pre-Debate) Ramp Sends Stocks Vertical In last Hour ZeroHedge.com What can we say? All makes perfect sense: earnings dismal (worse than expected) means BTFD and if there is one lever to do that effectively given the massive over-exposure in every levered fund in the world, its AAPL. A 4% rally in AAPL - which perfectly topped out at Thursday's closing VWAP - was enough to drag stocks comfortably green by the close with a near-vertical ramp in S&P futures just to help things along. Seems like the standard pre-debate rally that we warned about last week - so let's not get too carried away by today's 'all-is-well' rally. Broadly speaking, risk-assets did not dip as hard as stocks and the ramp into the close (which as is typical) pulled stocks back up to 'fair' - but with the inevitable overshoot. While we leave up to our readers to divine the implications of such outlier moves on debate days, our only suggestion for those who have missed their opportunity to buy the central bank policy vehicle, formerly known as the S&P 500, with both hands and feet, is to wait until the next presidential debate and go all in. After all, "it's only fair" that the market will soar hours ahead of the two teleprompter-less candidates debating highly irrelevant stuff. , Stock Market Fragility Fast Approaching "Flash Crash" Levels , Guest Post: Dysfunctional, Dishonest, Insane, And Intolerable Government programs created in the 1960s created a culture of dependency, government control, relentlessly higher debt, materialism, and willful ignorance. The incompetence, arrogance, ineptitude and insanity of government officials at the Federal, State, and Local level are stunning to behold…’ , No, Soaring Deficits Do Not Mean Record Corporate Profits: In Fact Just The Opposite , Guest Post: The Three-And-A-Half Class Society The U.S. has a three-and-a-half class society. According to demographer Joel Kotkin, California has become a two-and-a-half-class society, with a thin slice of "entrenched incumbents" on top (the "half class"), a dwindling middle class of public employees and private-sector professionals/technocrats, and an expanding permanent welfare class: about 40% of Californians don't pay any income tax and a quarter are on the Federal Medicaid program. I would break it down somewhat differently, into a three-and-a-half class society: the "entrenched incumbents" on top (the "half class"), the high-earners who pay most of the taxes (the first class), the working poor who pay Social Security payroll taxes and sales taxes (the second class), and State dependents who pay nothing (the third class). This class structure has political ramifications. In effect, those paying most of the tax are in a pressure cooker: the lid is sealed by the "entrenched incumbents" on top, and the fire beneath is the Central State's insatiable need for more tax revenues to support the entrenched incumbents and its growing army of dependents. Let's start our analysis of the three-and-a-half-class society by noting that the top 25% pay most of the Federal income tax, and within that "middle class" the top 10% pay the lion's share of all taxes. , Another Red (Profit-Taking) Day For Europe , German Court Demands Bundesbank Audit Sovereign Gold Holdings The German court of auditors (Bundesrechnungshof) has demanded that the Bundesbank undertake an audit of its gold reserves.  In an 'audit-the-fed' style effort, the court wants to ensure that the nearly 3400 tons of gold is in fact in existence - 'because stocks have never been checked for authenticity and weight'. Furthermore, the Bundesbank's gold is stored in three other vaults around the world: The Bank of England, The Bank of France, and the US Federal Reserve. The court questions the practice of relying on a written confirmation from the custodians (foreign central banks). The decision means negotiating with the three foreign central banks for physical verification but in anticipation, the Bundesbank has begun the process of shipping 50 tons per year from the Fed back to Germany for the next three years. , Bill Gross Explains The Fed's Bubble "Merry-Go-Round" In One Tweet , Why the EU Crisis Will Be Bigger and Worse Than 2008 Posted by: Phoenix Capital... Post date: 10/22/2012 - We’re talking about a banking system that is nearly four times that of the US ($46 trillion vs. $12 trillion) with at least twice the amount of leverage (26 to 1 for the EU vs. 13 to 1...

Frontrunning: October 22

Submitted by Tyler Durden on 10/22/2012

Dead Heat for Romney, Obama (WSJ)

The Cheerful Billionaire Who Thinks Obama's a Socialist (Businessweek)

"Get to work, Mr. Japanese Chairman": Japan Exports Tumble 10% as Maehara Presses BOJ to Ease (Bloomberg)

Chinese Investors Fear Chill in Canada (WSJ)

Rosneft Buys BP’s TNK-BP Stake for $26 Billion in Cash, Shares (Bloomberg)

Hong Kong Defends Its Currency Peg for First Time Since 2009 (Bloomberg)

Democrats threaten payroll tax cut consensus (FT)

Spain's Rajoy gets mixed message in regional votes (Reuters)

Merkel to warn UK on Europe budget veto (FT)

Netanyahu says doesn't know of any U.S.-Iran talks (Reuters)... neither does Iran, so near certainty

Der Kurrency Tsar: ECB’s Knot Backs Schaeuble Call for Stronger EU Budget Power (Bloomberg)

Fannie Mae Limiting Loans Helps JPMorgan Mortgage Profits (Bloomberg)

A One World Economic System That Kills American Jobs

Michael Snyder | Either way this election turns out, American jobs are going to continue to get slaughtered by the millions.

A Ponzi Scheme Called America

Michael Lombardi | When it comes to the U.S. economy, who will come to its rescue?

55 Facts About The Debt And U.S. Government Finances That Every American Voter Should Know

The Economic Collapse | The future of the United States of America is being systematically destroyed by our politicians, but unfortunately most Americans don’t really grasp exactly what is happening.

Global Debt Repudiation? IMF’s Paper On The Chicago Plan Continues To Stir Opinions

Zero Hedge | The 1936 Chicago Plan was created to somehow prevent the large boom and bust cycles seen during the Great Depression.

Greece Austerity Diet Risks 1930s-Style Depression: Euro Credit

Bloomberg | Greece is spiraling into the kind of decline the U.S. and Germany endured during the Great Depression.

Chinese Gold Imports Through August Surpass Total ECB Holdings, Imports From Australia Surge 900%

Zero Hedge | China will have imported more gold than the 11th largest official holder of gold, India, with 558 tons.

Dysfunctional, Dishonest, Insane & Intolerable

Washington’s Blog | The incompetence, arrogance, ineptitude and insanity of government officials at the Federal, State, and Local level are stunning to behold.

10-19-12 Dave’s Daily: http://www.etfdigest.com ‘POOR COMPANY REPORTS CRUSH STOCKS 10-19-12 We’re back to square one on the week as far as most major indexes are concerned. But you wouldn’t know it by Thursday’s and Friday’s action. We’re also back to the previous matter of light volume rallies and heavy volume selling, meaning distribution. Earnings overall were expected to be weak but corporate revenues weren’t expected to decline by this much. The litany of disappointments is quite long: (MSFT), (IBM), (INTC), (GOOG), (CMG), (MCD), (GE), (AMD) etc.The normal rotation away from tech to more conservative sectors like financials (XLF), consumer discretionary (XLY), healthcare (XLV) and so forth came to an abrupt end at least on Friday. Better relative performance? Perhaps, but most carbon-based investors could care less about such arcane institutional distinctions. Friday was a “get me out” day.The dollar (UUP) was stronger which crushed precious metals (GLD) & (SLV) and commodity tracking sectors (DBC) overall, a very ugly day. Stocks had their worst day in four months which is the opposite of the previous week’s headline of best week in five months—wash, rinse and repeat.In the eurozone, EU ministers have an agreement to provide a banking regulatory vehicle. But the details and calendar of doing so are sketchy. The Spanish delay strategy is clearly designed to seek a better set of conditions for a bailout. They don’t need one “today” but will eventually. So the meme going around bullish circles today that the eurozone is fixed is laughable. There isn’t much to add as now the FOMC meeting next week is in focus not to mention the election and other potential surprises. The FOMC will make another announcement on Wednesday. They have very few tools left at their disposal except perhaps lowering bank reserve requirements. Cutting interest rates to zero doesn’t seem a sensible option. Perhaps even the glamour of the Bernanke/Draghi Put is fading as well.  Another presidential debate then it’s a sprint to the finish. Given the tightness of the polls, ZH posted the notion of a Gore/Bush type of election outcome which could take us to the fiscal cliff in a political mess. How fun would that be? We had moved a substantial amount of the major index positions from long to cash at the beginning of the week. This seemed dumb by Thursday morning but now seems neither astute nor dumb. So is it a buying opportunity or just a move to the sidelines for now. We choose the latter for now. Trying to make sense of markets especially in this centrally planned economy, can make anyone look foolish.As indicated volume was higher on selling as no doubt many trailing stops were triggered. Breadth per the WSJ was quite negative approaching a 10/90 day…’ , Spain’s Back In Crisis Mode… And Will Take The EU Down With It http://albertpeia.com/spainbackincrisismode.htm , This Is Why, To An Economist, QE Refuses To Work ZeroHedge.com { A very important point/reference is made here infra regarding the reality of ‘grant’ (bribe) money which is why academics are, though contraindicated in terms of reality and 4 years of failure, backing obama in lock-step legion. Truly pathetic and indicative of decline! True desperation! } There is practical, everyday common sense... and then there is economics. Because when it comes to explaining why a square peg won't fit into a round hole, only an economist will tell you, over and over, that it will eventually happen, one must just tweak the theory a little first, and then reality will promptly follow. And while even economists have enough of a frontal lobe (and realize there is little grant money) to pursue intractable pegs and hole problems, when it comes to the theory at the heart of their beloved Keynesian voodoo religion, namely Quantitative Easing, the answer is always one, and it is very simple: we need more! Yet even economists are not naive enough to not recognize that QE has not worked in any of its 4 previous iterations (logically, as if it had there would be no need for a fifth, open-ended one). Where it gets fun is watching them come up with amusing yet convoluted, involved and outright demented explanations, some even in chart format, why QE keeps on failing. Below, we present just such a graphic explanation which only an economist could love, or care about. , R(osenberg) & B(ernstein): Two Ex-Merrill Colleagues, Two Opposing Outlooks, One Permabull Rebuttal Earlier this week two former Merrill colleagues, since separated, were reunited on several media occasions, and allowed to spar over their conflicting views of the world. The two people in question, of course, are Gluskin Sheff's David Rosenberg, best known during the past 3 years for not drinking the propaganda Kool-Aid, and systematically deconstructing every "bullish" macroeconomic datapoint into its far more downbeat constituent parts, and his ebullient ex-coworker, Richard Bernstein, formerly head of equity strategy at a firm that had to be rescued by none other than Bank of America and currently head of RBA advisors, who just happens to be bullish on, well, everything. And since any attempt at holding an intelligent conversation on CNBC is ultimately futile (as can be seen here) and is constantly broken up by both ads, and interjecting anchors and show producers who care far less about facts than keeping the presentation 'engaging' (and going to such lengths to even allow Jim Cramer to have his own TV show), Rosenberg decided to dedicate his entire letter to clients today to "providing a rebuttal" of the slate of reasons why according to Bernstein the "we are on the precipice of a 1982-2000 style of secular market." What follows is one of the most comprehensive "white papers" debunking the bullish view we have seen in a while. Read on. , Goldman's Releases Walkthru "Toolkit" Of How It Will Respond To Second Coming Of Greg Smith's Muppetgate , If The Market's Disconnect With Economic Reality is Over, Watch Out Below , Today's Redbull-Sponsored Market Plunges By Most In 4 Months , Why Rajoy's 'Delay-And-Pray' Strategy Won't Work , This Is The Housing Bubble Beneath The "Recovery" We want to 'believe', we really do; but anyone with any sense (and no skin in the game) can see through the data; the eon-like periods of foreclosure and the drastically reduced supply. No matter how 'bullish' homebuilders are, or how much they dream of a future pickup, calling the recovery (as Bob Shiller recently noted) is just a fool's errand. The truth is, for the average citizen, housing is not recovering - the wealth effect is not creating animal spirits - and we do indeed have more to fear than fear itself. The following 79 second clip from Bloomberg TV should perhaps clarify the 'difference' in demand for housing. Primary residence 'buyers' are down remarkably, while 'investors' are up dramatically - now at pre-crisis bubble levels! Perhaps, as we noted here, Och-Ziff's stepping away from the 'flip-that-house' or 'REO-to-Rental' game is as good an indicator of exuberance as any. , Spain's Regional Bailout Fund: A Drop In A Bucket Of Insolvency , Bill Gross Warns "Very Likely' Central Banks Will Cause 1987-Like Crash

Two bank failures take U.S. tally to 46, FDIC says Marketwatch

Microsoft’s benefit of the doubt is done Marketwatch { Indeed! }

Pimco says U.S. downgrade imminent Marketwatch

Sales of existing homes decline 1.7% in September Marketwatch Inventories decline 3.3% to 2.32 million units/ Inventories represent 5.9 months of supply

Banks lead Europe stocks lower amid earnings woes Marketwatch

55 Facts About The Debt And U.S. Government Finances That Every American Voter Should Know

The Economic Collapse | The future of the United States of America is being systematically destroyed by our politicians, but unfortunately most Americans don’t really grasp exactly what is happening.

Keiser Report: Enema of the State

RT.com | Max Keiser and Stacy Herbert discuss banksters having the “eyes of used enema resellers.”

U.S. to Get Downgraded Amid Fiscal ‘Theater,’ Pimco Says

Bloomberg | The sovereign credit rating of the U.S. will be cut as “fiscal theater” plays out in the world’s biggest economy.

Feds Give Welfare to the Dead, Deny Medicare to the Living

Michael Tennant | The federal government has been paying welfare benefits to the dead and withholding Medicare benefits from the living.

U.S. Taxpayers Spent $5.6 Million in 2011 to Preserve Cultural Landmarks – in Other Countries

CNS News | U.S. taxpayers spent $700,000 in 2011 to help conserve the ruins of a 9th century city in East Africa, according to a State Department report.

Google Stock Plunges: Trading Halted After Earnings Report Shows 21% Decline Year-Over-Year

Mac Slavo | Following the trend of shipping company Fedex, the largest advertising venue in the world is showing signs of strain in a weakening global economy.

Germany’s Merkel Calls for EU Veto Power Over National Budgets

New American | If approved, the EU would have more power over its formerly sovereign members than even the U.S. federal government has been able to usurp from American states.

10-18-12 Dave’s Daily: http://www.etfdigest.com ‘GOOGLE SLIP ROCKS MARKETS 10-18-12 China’s GDP data fell to 7.4% from 7.6% previously. This caused a rally in Asia in general on ideas of more stimulus which the Chinese have sent mixed messages. One report said they wouldn’t be doing any QE like their global peers fearing inflation while others have stated the opposite. China isn’t that transparent but neither are we given some of the data U.S. authorities have been issuing.Jobless Claims return to normal after the BLS and DOL realize they screwed up (388K vs 365K & prior revised from 339K to 348K). So a bump of 48K higher in claims even with revisions is the highest in many years. This comes with little explanation with bullish spin from financial media attributed to unnamed technical and/or seasonal considerations. The Philly Fed was positive (5.7 vs .5 expected & prior -1.9). Leading Indicators were unsurprisingly positive (.6% vs .2% & prior -.4%).UBS states there were 3 more incidents of fraudulent trading by employees just now discovered. These banks are too big to manage properly and current risk management capabilities are inept obviously.The dollar (UUP) had a slight uptick while the poorer Chinese economic data caused gold (GLD) prices to drop modestly once again. Chinese gold imports of gold are down but they’re still importing and are large producers of the metal.Oil prices (USO) dropped on supply (2.86 million bbls vs 1.3 million bbls expected) and most commodity markets (DBC) were flat to weaker. Bonds (TLT) were weaker even as stocks were mixed to weaker.Google (GOOG) stole the earnings show Thursday as their earnings report was released early and by accident. The “note” on the release stated “pending Larry” meaning it had to be approved first. That person who sent it is now looking for work somewhere like Alta Vista. No matter since the earnings and revenues were terrible unless “Larry” decides to alter them which he can’t. 165 hedge funds and most of Wall Street talking heads are long the stock. They were all over the airways today saying the stock must be bought now, but they’re talking their books clearly. The report is what matters ($9.04 vs $10.65 expected & revenues $11.33 billion vs $11.86 billion) not the release timing. It still remains a great company but at what price and PE? This is what the market will try and sort out.Tech overall has been underperforming (IBM), (AAPL), (GOOG), (XLK), (SMH) and financials (XLF) have been outperforming. There’s a change in leadership if a rally continues favoring the latter. It’s important to remember a couple of important issues. With tech you pay a premium (higher PEs) for growth. Should growth falter for any reason PEs get compressed more rapidly since investors didn’t get the growth they were paying for. (Note: after the close MSFT missed on both revenues and earnings.)  There has never been a bull market in history without financials either in the mix or leading. Since the 2009 low, financials rallied smartly but over the last 2 years they’ve been range bound as doubts going forward have vexed investors. Now they seem at another important resistance area with a chance to move forward—a chance.Volume picked up slightly but still remains on the light side while breadth per the WSJ was mostly negative...’

The failed banana republic/welfare state of california, for wobama with eyes closed, a corruption/fraud/crime-ridden state desperate to help 4 year failure obama by whatever fraudulent/corrupt means:

‘…Business Insider's Henry Blodget claiming that "Well, we're glad to say that we've finally gotten to the bottom of what happened" and that the state in question is none other than California (supposedly as opposed to Illinois to shut up those wacky conspiracy theorists). Turns out the site known best for its slideshow presentations (which will soon double down as advertisements) may have once again fibbed just a little, following an official demand by none other than California state Employment Development Department direct, Pam Harris (the typical lying nigger), that BI retract its article. To wit: "Reports that California failed to fully report data to the U.S. Department of Labor, as required, are incorrect and irresponsible... It’s unfortunate this ‘reporter’ and others who repeated the article’s erroneous statements chose to speculate rather than report, failing to confirm this information with EDD." Sure enough, the 'reporter' in question replied, and it appears that Business Insider is better informed than California when it comes to matters such as these, and has refused to retract…’

http://www.marketwatch.com/story/ignore-volatile-jobless-data-hiring-still-slow-2012-10-18

‘…The culprit: California. The nation’s most populous state appears to have shown a smaller number of claims than usual two weeks ago. The seeming shortfall was probably made up for in the most recent data. Since California is the state with the highest number of overall claims, it can have a big influence on the weekly U.S. report. The number of people who apply for benefits each week in the Golden State is roughly equal to New York, Texas and Illinois combined. A message left with the employment development department of California wasn’t immediately returned…’

What can you expect from niggers...0! The niggerization of caifornia: 10 states stealing California's population { Stealing? I don’t think so. There’s really nothing positive to say about california as a (w)hole! Only jersey is worse! http://albertpeia.com/calihole.htm And, as recently as the Reagan ‘80’s that was not nearly the case concerning california which has fallen far and fast. } , What Do California And Detroit Have In Common? (Hint: niggers, etc.) http://albertpeia.com/californiadetroitdeclineincommon.htm { Not to be confused with the baseball Tigers: Congratulations on their pennant win! Go Big Cats! }, Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm Pro 0 New York’s not much better with their trillion dollar wall street frauds/drain.

55 Facts About The Debt And U.S. Government Finances That Every American Voter Should Know

http://theeconomiccollapseblog.com

http://albertpeia.com/55factsaboutusdebtfinancesvotersshouldknow.htm

Microsoft earnings fall ahead of slate of releases { There should be no surprise here … microsoft word/windows 2000 professional … that’s it … all downhill thereafter … newer op systems are invariably unstable regardless of the amount of ram or processor (ie., AMD/Intel). Terrible! Pathetic! Horrible! What can you expect from a failed government protected monopoly. }

50 Crazy Things That Obama Supporters Are Threatening To Do If Romney Wins

http://endoftheamericandream.com

http://albertpeia.com/50crazythingswobamasupportersthreatening.htm

{ The question is do americans have the courage to stand up to the uncivilized terrorist niggers by giving the deserved boot to an egregiously failed president obama who has proven himself to be a typical jive-talking b***s*** nigger himself! Or, are americans going to cower in fear of the nigger threats and prove to the world they are but cowards of a failed nation. }

[ Will The Election Results Cause Massive Riots To Erupt All Over America?

http://theeconomiccollapseblog.com

http://albertpeia.com/massiveriotsinamerica.htm

{ Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

Philly Fed Beats Even As Core Components Deteriorate

ZeroHedge.com

The ridiculous economic data continues. Those looking at the headline Philly Fed, which jumped from -1.9 to 5.7, trouncing expectations of 1.0, such as the NY Fed's Simon Potter are pushing buy buttons left and right. And yet anyone who takes the 2 minutes to look at the internals, such as the collapse in the Number of Employees Sub-Index, which tumbled from -7.3 to -10.7 (the lowest since September 2009), the decline in the Average Employee Workweek, or the surge in Prices Paid from 8 to 19, double the change in Prices Received which means plunging corporate profits, or the ever critical New Orders which declined from 1.0 to -0.6, and one can see why this is a report only an Econ Ph.D-cum-Central Planner can love. Finally adding insult to injury, is the 6 month forecast, which unlike all other regional Fed diffusion indices, collapsed by half, from 41.2 to 21.6, as the Hopium at least in the city of brotherly mugging appears to be running out. Stocks kneejerk in every possible direction hoping the Fed will provide a direction.

Goldman Lowers 2013 Brent Price Target From $130 To $110

Submitted by Tyler Durden on 10/18/2012

Translation: Goldman is now buying Brent from its clients, aka Goldman 101.

To Promote The Great European Socialist Revolution, France's Hollande Will Ban Homework

Submitted by Tyler Durden on 10/18/2012

Homework favors the wealthy. This is the position that the increasingly imbecilic President of France is taking in proposing a ban on homework as part of a series of educational reforms. As ABC reports, Hollande sees "education as a priority" but work should be done during school hours rather than at home "in order to establish equal opportunities." But before the children of France rejoice, Hollande is unlikely to garner their future votes, as his proposal also looks to extend the French school week to nine half-days a week to be spread over four, five, or six days (as opposed to the current four days a week with Wednesdays off). Though we may sneer at this oh-so-socialist ideal of 'sharing' the homework load into the school-day, it is perhaps noteworthy that the US still lags France in Math (US 31st in the world vs France 22nd).

Reality Storms Back As Initial Claims Explode Higher By 46K From Last Week's Upward Revised Aberration

Submitted by Tyler Durden on 10/18/2012

So much for last week's aberration initial claims print of 339K (revised higher of course to 342K). With expectations of an increase to 365K, the DOL just came out with a whopper of a miss, the largest in three months, at 388K, an increase of 46K in one week, which was also the highest print in three months. Remember: this number will be revised to 391K next week. So much for single print indicative of a recovery. As the chart below shows, the rate of change was a 13.45% from last week: the highest in five years! So far, there has been no explanation from the BLS or DOL for last week's outlier print. And no, last week's print was not due to  California, which the DOL reported just decreased by 4,979 in the week ended Oct 6, not the required 49K. What is however worse, is that it is becoming increasingly clear that nobody at the DOL knows what is actually going on following a statement by the Labor Dept that "it appeared that state-level administrative issues were distorting the data", and numbers are simply picked out of thin air. Finally, in truly amusing news, those on Extended Benefits have once again started to rise, after dropping to virtually 0 following expiration of state benefits. 

Chart Of The Day: Spanish Bad Loans Hit New Parabolic Record

Keiser Report: Enema of the State

RT.com | Max Keiser and Stacy Herbert discuss banksters having the “eyes of used enema resellers.”

U.S. to Get Downgraded Amid Fiscal ‘Theater,’ Pimco Says

Bloomberg | The sovereign credit rating of the U.S. will be cut as “fiscal theater” plays out in the world’s biggest economy.

US unemployment aid applications jump to 388,000

foxnews.com | Weekly applications for U.S. unemployment benefits jumped 46,000 last week to a seasonally adjusted 388,000, the highest in four months.

Foxconn says underage workers used in China plant

Reuters | Foxconn Technology Group, the world’s largest contract electronics maker, has acknowledged hiring teenagers as young as 14 in a Chinese factory.

U.S. to Get Downgraded Amid Fiscal ‘Theater,’ Pimco Says

Bloomberg | The sovereign credit rating of the U.S. will be cut as “fiscal theater” plays out in the world’s biggest economy.

Chinese Electricity Consumption And Production Both Point To Sub 7% GDP Reality

Zero Hedge | GDP is now trendlining well below the official 7%.

Former U.S. Comptroller Says U.S. Faces Fiscal “Abyss”

New American | Former U.S. Comptroller General of the United States David Walker just finished another tour across the country promoting “fiscal reform and responsibility”.

10-17-12 Dave’s Daily: http://www.etfdigest.com MARKETS DIGEST EARNINGS & EUROZONE 10-17-12 Another short post as I have my usual seasonal bug, which with meds, renders me weak. Moving on we see Housing Starts increasing by 15% which makes me wonder, do we need more inventory? But realtors like to tell me people want “new” versus older homes. I can understand this but many older homes are still selling way below their replacement costs.The old game with earnings reports is still ubiquitous—companies and analysts lower expectations sharply then reports beat and relevant stocks rise. There’s also little new with accounting gimmicks and adjustments. Bank of America (BAC) is still writing down its Countrywide assets so net of that the company beat lowered estimates. With the combination of adjustments and lowered expectations the company beat by reporting flat earnings vs a small loss. IBM on the other hand missed on revenues which saw the stock much weaker. As a heavyweight in the price-weighted DJIA the headline index was somewhat weaker but ex-IBM was probably much higher. Intel (INTC) beat earnings expectations as well but forecast weaker growth going forward and the stock declined. Most importantly is most revenues are declining as American Express (AXP) just reported earnings that matched expectations but revenues missed and declined.Leading markets higher were financials (XLF), energy (XLE) and homebuilders (ITB). The dollar (UUP) was much weaker while precious metals (GDL & SLV) were only slightly higher. Bonds (TLT) were weaker while commodities (DBC) and oil (USO) struggled to maintain unchanged levels.Overseas markets were cheered by some partial agreements with Spain (EWP) which makes me think current “baby steps” will see us revisit the situation again and again.Volume on Wednesday was once again ultra-light and breadth per the WSJ was positive overall…’ , Two Facts You Need to Know Before November 6th http://albertpeia.com/twofacts.htm , Taxpayers To Recover $0 On Solyndra , Chinese Goldilocks GDP: Q3 Economy Goalseeked Just As Expected At 7.4% , 'Shadow Banking' In China The process was a cornerstone of the government’s control over the economy.  The vast majority of banks in China are controlled by the government, so the “who and when” of lending was firmly in the hands of China’s leaders. But, the years 2008/9 will be remembered as watershed years for Chinese finance, as two trends appeared – an economy relying increasingly on debt creation for growth, and that debt creation becoming more and more complicated and obscure - making it is easy to see why so many officials and analysts are worried about the 'hazy and complicated area of finance' out of teh government's direct control. , Bank Of America Gimmicks Continue - Chargeoffs Soar To Highest In A Year, As Loan Loss Release Surges , Och-Ziff Calls Top Of "REO-To-Rental", And Distressed Housing Demand, With Exit Of Landlord Business The primary, if not only, reason there has been a brief spike in subsidized demand for housing in recent months, has been the GSE/FHFA endorsed REO-To-Rental plan, and associated securitization conduits, in which large asset managers have been encouraged to take advantage of government funded, risk-free financing (and entirely bypassing banks who have given up on loan origination due to legacy liability issues which have every bank tied up in litigation from now until Feddom come - just see today's Bank of America results) and purchase foreclosed properties in bulk, with the intention of converting them into rental properties. Needless to say, the subsidization of this wholesale purchasing of foreclosures, coupled with the ongoing "foreclosure stuffing" pursued by the big banks (as a reminder days to foreclose in California just hit a record 1,072 per RealtyTrac as banks simply refuse to clear housing inventory faster knowing full well withheld inventory is an additional clearing price subsidy) is the main reason why the punditry has been confused into believing there is a housing rebound. That this "rebound" is merely a subsidized demand pull phenomenon a la the "cash for clunkers" auto sales program is patently clear to most. Nonetheless what little confusion is left, is finally coming to an end, thanks to none other than one of the first entrants in the REO-To-Rental space, $31 billion hedge fund Och Ziff, which a year after entering the program with hopes of quick riches, is now looking to cash out. , Guest Post: Housing Starts And Permits: Euphoria May Be Premature This morning's New Home Starts and Building Permits was called by some 'The Most Bullish Development On The Entire Earth'. That is indeed a very bullish statement about a sector of the economy that is still running at very recessionary levels of activity. However, let's analyze the data beyond the headline to determine what is really occurring. Among the various 'surprises' are seasonal adjustments, as we saw with the retail sales, were exceptionally large in September; the underlying fundamentals, especially in the 25-35 cohorts, are simply not in place to create a sustainable upturn in housing; and the disconnect between the housing data and the real demand for construction workers. The current activity falls well within the bounds of normal volatility, and we will likely see revisions lower in the coming months ahead, as seasonal variations began to negatively impact the data towards year end. The important point, however, is that while the housing data on the surface is showing improvement the more important components to sustainability from employment to lending are not.

Peak P/E? on 10/17/2012 There is little doubt that asset prices have responded to Central Bank promises and actions. Even as bottom-up fundamentals are fading, top-down index 'nominal prices' rise on the back of magical multiple expansion - which is defended from on high by sell-side strategists the world over on the back of 'recovery' is just around the corner. The trouble is there's a limit and it seems - from QE2 and LTRO - that we are rapidly approaching that limit; and with earnings outlooks being revised lower, perhaps we are at peak P/E for this cycle of QE?

Frontrunning: October 17

Submitted by Tyler Durden on 10/17/2012

Obama takes offensive against Romney in debate rematch (Reuters)

Obama Says Romney Words Aren’t ‘True’ in Second Debate (Bloomberg)

Obama takes Romney head-on in debate (FT)

And another joins the club: Thailand Unexpectedly Cuts Rate as Global Outlook Worsens (Bloomberg)

PBOC Injects Less Cash (WSJ)

Japan to Hold Special Cabinet Meeting After Economy Downgraded (Bloomberg)

Greek Coalition Duo Reject Labour Moves Proposed by Troika (WSJ)

Opposition wanes to Spanish aid request (FT)

RBS to Exit U.K. Asset Protection Plan After $4 Billion Fees (Bloomberg)

Spain Retains Investment Grade Credit Rating From Moody’s (Bloomberg)

US diplomat asks Japan, ROK to resolve islands spat (China Daily)

Stagnation not due to austerity, says OBR (FT)

Sales stumbles raise fresh worry for corporate America

reuters.com | Slowing world economy took a toll on sales of products.

Ron Paul on the Real Unemployment Numbers

Infowars.com | Situation on the ground looks nothing like a recovery.

Our Greek Tragedy

John Myers | Regardless of who the President is after this close election, the equity markets and the U.S. economy are in trouble.

Debate Post-Mortem: Jobs-4-Jeremy, Gang Bangers, And Candi(e)d Fact Checking

Submitted by Tyler Durden on 10/16/2012

Well, who knew it was gonna actually get close to fisty-cuffs? According to CNN Polls, 65% believe Obama won (with 50% saying by a lot) and 19% that Romney won by a lot. Obama dominated speaking time 44:05 to a mere 40:50 for Romney (almost the same margin as in the last debate); but Romney (somewhat ironically) crushed Obama in the drinking game 44:23. Obama Intrade Odds wavered during the debate ending marginally higher but S&P 500 futures are tracking lower. Twitter interest fell 30% from the first debate. Full Bloomberg Headlines and Top Ten Debate Lines below. Obama uttered a brisk 7651 words for a 173 word/min pace (172 last debate) while Romney's 8006 words  were spoken at a 196 word/min pace (slower than his 217 pace of the last debate) but still the winner. So, time: Obama, drinking-game: Romney, word-count: Romney - the winner of tonight's debate is Mitt Romney.

The debate: Crowley crossed the line (MarketWatch) — Presidential debate moderator Candy Crowley crossed the line Tuesday night when she sought to clarify a point about the recent terrorist attack on the U.S. consulate in Libya.

CNN’s Candy Crowley: Romney Was Actually Right On Libya

CNN | CNN’s Candy Crowley admits that Romney was actually right during the debate on the Libya remark.

Federal Gov’t Funding Police Spotters on Overpasses in Two States

CNS News | Thanks to a cash infusion from the Obama administration, motorists in Connecticut and Massachusetts may see police spotters on overpasses.

Guardian ‘seriously discussing’ end to print edition

London Telegraph | The publisher of the Guardian and Observer newspapers is close to axing the print editions of the newspapers.

Hours Ahead Of The Presidential Debate, Total US Debt Hits Record $16.19 Trillion

Zero Hedge | The number in question:$16,190,979,268,766.67.

Obama: “We Are in the Midst of a Huge Recovery”

Mac Slavo | Thanks for trying Mrs. Obama, but we’re not buying it.

Drudgereport: GALLUP: R 51% O 45%

DICK MORRIS: Romney won the second debate...
Threats to Assassinate Republican Romney Explode on TWITTER After Debate...

REPORT: White House contradicts president's statement on Benghazi terror attack...

Despite Pledge of Open Government, Obama Prosecuting Whistle-Blowers as Spies...

'When I Was President'... { Indeed, past tense for O and more than a Freudian slip as he heralds in new President Romney, writing on the wall though not his teleprompter! }
CAUGHT ON TAPE: Michelle O Broke Rules, Clapped During Debate...
'On Nov. 7, We're Going to Party Hard'...

U of Colorado Study: 77% likelihood Romney wins popular vote...

Record High Enrollment for Food Stamps: 46,681,833...

FOURNIER: Verdict Uncertain...
TREAT: Candy gives Obama 9% more time...
TRICK: Candy 'Throws the Flag'...
CANDYLAND: Romney was 'right in the main' on Benghazi, but 'picked the wrong word'...
Another debacle for America's media...
Reporters applaud Obama's slam on Romney's wealth...
Pelley: 'Most Rancorous Debate In History'...
'Nauesating'...

Reporters Get Drunk at Debate...
LUNTZ GROUP: BIG SWING...

A Frank Luntz focus group made up mostly of former Obama voters say they now support Mitt Romney.
"Forceful, compassionate, presidential," one participant said.
"Confident and realistic," said another.
"Presidential," another told Luntz.
"Enthusiastic," another reacted.
"Our next president," one man said.
"Dynamo, winner," said one more.
"He's lied about everything. He lied to get elected in 2008, that's why I voted for him. I bought his bull. And he's lied about everything, he hasn't come through on anything. And he's been bullshitting the public," one member of the focus group said.

Farrakhan's Fiery New Warning to USA: 'Every Plague Written in Koran is Going to Come to Pass'... { farrakhan’s really only talking about (all plagues rolled into) one plague; viz., the plague of the nigger which is extant despoliation wherever the niggers are, in the worst sense! Yes, they are the other, more nefarious black plague! }

Violent crime rises sharply... ‘6:53PM EDT October 17. 2012 - WASHINGTON — The violent crime rate went up 17% last year, ending a general decline in violence that began nearly 20 years ago, according to a new federal survey of crime victims.The Justice Department's National Crime Victimization Survey also found an 11% increase in the rate of property crimes, including household burglaries and car theft.’ { Come on! Perenially understated, these understated crime numbers don’t even take into account ‘protected/unprosecuted’ wall street frauds/crimes in the trillions. And, how about those fed paper bucks that ‘fell off the fed trucks’ even just recently; kind of like those 360 tons of $100 bills ($12 billion) flown into Iraq that just ‘disappeared into thin air’, etc.. }

Driver Doesn't Stop For 8 Blocks As Men ( two niggers ) Viciously Beat Woman On Public Bus...

Greece faces anti-austerity shutdown as EU meets...
'In depression'...

10-16-12 The Last Days Of America? 25 Signs Of Extreme Social Decay http://albertpeia.com/lastdaysofamerica.htm , Waiting On November 6th http://albertpeia.com/waitingforgodoe.htm , Why Intel Better Not Be Economic Bellwether This Time Around ZeroHedge.com For those who missed it earlier, Intel reported results that were just slightly better than expected, and yet the stock tumbled over 3% after hours. The reason is because despite a weak quarter which had been pre-guided down by the sellside community every so effectively, the semiconductor manufacturer saw even more weakness in Q4. Those who wish to read the details can do so here. For everyone else who is more of a visual learning bent, we present the following chart which shows the year-over-year change in Intel revenue, which shows that for the first time in 12 quarters, INTC reported a decline in annual revenue. Furthermore, there is virtually no question that Q4 will also see a revenue decline: the only question is whether it will be greater than Q3's 5.5% Y/Y drop. , Destroying The Myths Of Bernanke's Brave New World Of QEtc. Entering the final quarter of the year, Lacy Hunt and Van Hoisington (H&H) describe domestic and global economic conditions as extremely fragile. New government initiatives have been announced, particularly by central banks, in an attempt to counteract deteriorating economic conditions. These latest programs in the U.S. and Europe are similar to previous efforts. While prices for risk assets have improved, governments have not been able to address underlying debt imbalances. Thus, nothing suggests that these latest actions do anything to change the extreme over-indebtedness of major global economies. To avoid recession in the U.S., the Federal Reserve embarked on open-ended quantitative easing (QE3). Importantly, in their view, the enactment of QE3 is a tacit admission by the Fed that earlier efforts failed, but this action will also fail to bring about stronger economic growth. H&H go on to break down every branch that Bernanke rests his QE hat on from the Fed's inability to create demand, to the de minimus wealth effect, and most importantly the numerous unintended consequences of the Fed's actions. , Hours Ahead Of The Presidential Debate, Total US Debt Hits Record $16.19 Trillion , Stocks See Biggest 2-Day Gain In 5 Weeks On...Denied Rumors? UPDATE: IBM -3% after-hours (equiv. 50 Dow Points) Citi was the headline-maker of the day and is now (somehow) up 12.4% from QEtc. AAPL's low average-trade-size but reasonable volume rip (+2.3%) just failed to fill the gap-down from 10/5 but provided just the excuse the market needed to rip on a debate-day. Tech remains the only sector in the red post-QEtc. The last two days we have seen the same pattern play out as in the last few weeks, a plunge-plunge-linear-ramp with the opposite scale on volume during these moves. Today's equity market levitation was predicated on rumors of a pending credit line with Spain - which was denied by everyone involved but by then correlations were high and momentum was in charge. FX markets are highly dispersed with JPY weakness and EUR strength leaving the USD -0.44% on the week. Commodities recovered a little on the day with Oil/Copper +0.25% on the week and gold/silver still lagging. Treasuries bear-steepened with 30Y +8.5bps. VIX dropped marginally to 15.22%. Credit was dead after Europe closed, underperforming equities push. , As Coke Goes, So Goes 20% Of The Greek Stock Market (Which Is Now Smaller Than Vietnam's) , Confusion Reigns In Europe , The Curious Case Of Debate-Day Stock Market Surges In addition to the mysterious volley of recent economic data points that have blown even the most optimistic expectations out of the water, it is perhaps notable that not only is the economy in agreement with the status quo in the month before the election, but so is the market, and as can be seen below, on presidential (and vice) debate days, the market has posted some truly six sigma returns. For the month of October, the S&P 500 futures have risen a cumulative 20 points on the days of the debate; and fallen a cumulative 4.75pts on the non-debate days. Forget needing moar QE, we need moar debates! While we leave up to our readers to divine the implications of such outlier moves on debate days, our only suggestion for those who have missed their opportunity to buy the central bank policy vehicle, formerly known as the S&P 500, with both hands and feet, is to wait until the next presidential debate and go all in. After all, "it's only fair" that the market will soar hours ahead of the two teleprompter-less candidates debating highly irrelevant stuff. , Why A Balanced Budget Is Impossible In America If the US government cut all government services except Social Security, Medicare, Medicaid, and interest payments, federal spending would still outpace revenues. As we noted here, these four mandatory items dominate costs. All the arguing over sequestration and the fiscal cliff are moot since as Professor Antony Davis notes in this brief clip, there are no specific cust that will enable government to balance the budget; in fact "nothing less than a complete redesign will solve the problem." That redesign begins with determing the proper role of government.

Guest Post: The Future of America Is Japan: Stagnation Japan's economy has stagnated for two decades despite the global economy experiencing one of its greatest economic booms ever. Japan continues to avoid fiscal or financial crisis, and perhaps it can do so for decades to come. But we should note that Japan has had the incredible, once-in-a-lifetime tailwind of a global boom for the past 23 years. That has enabled Japan, and all the other developed economies, the means to avoid facing their structural and demographic problems. If Japan's economy has stagnated during a global boom, what will it do during a global bust? Japan's stable stagnation will continue in a linear fashion--until it doesn't.

China Continues To Boycott Treasurys As Japan Prepares To Become Largest Foreign Holder Of US Paper Where there were notable developments in today's TIC report, was in the composition of buyers of US paper, which showed that for yet another month, there has been virtually no buying interest in US paper by the biggest non-Fed holder: China, whose total TSY holdings were $1,154 billion, down $12 billion since the beginning of the year, and down a whopping $125 billion from a year ago. Ironically that other massively indebted country, Japan, which has Y1 quadrillion in its own public debt to deal with, for a debt/GDP ratio will above 200%, continues to load up on US paper, as the biggest paper ponzi scheme continues going ever higher and nothing possibly can get in the way. In fact, as the chart below shows, the difference between total Chinese and Japanese holdings has declined to a record low $32 billion, and will likely see Japan surpass China as the biggest holder of US paper very soon. 

10-15-12 Dave’s Daily: http://www.etfdigest.com ‘CHUCKY THE CONSUMER IS BULLISH 10-15-12 The “bad news is good and good news is better” theme was once present again Monday. The good news was from Retail Sales were higher (1.1% vs expected .9%) and previous data for July and August were also revised higher. Gains were from autos, gasoline and electronics (iPhones?). The U.S. consumer loves their cars and gadgets. There’s a lot of peer pressure for the “I got to have it” crowd and auto companies are self-financing now even featuring sub-prime lending. Consumers are buying more inefficient vehicles even as gas prices climb. They want their guzzlers but rage at the gas prices which is odd. Also Citigroup (C) reported earnings which were better than expected ($1.06 vs $.98). This was based in large part on an increase in bond trading revenue. Since QE3 is just underway perhaps the build in MBS and other Treasury bond trading was building to feast on Fed buying. The company is also going to divest itself of Smith-Barney and cut more jobs. The bad news was from a still weak Empire State Mfg Survey (-6.16 vs -3 expected & prior -10.41) so the beat goes on there. Curiously Fed Governor Bullard, currently a non-voting FOMC member and previous QE advocate, fretted Monday that QE was hurting savers. Who knew?!? Over the weekend China reported more moderate inflation data but there was also an article from Xinhua and featured in Reuters indicating the Chinese aren’t interested in QE. Remember, unlike the U.S. the Chinese report gross inflation data skipping the weird “core” rate we’ve come to expect from the BLS. Stocks started the trading day rather tentative given the more positive news and then jumped later as investors seized on the “risk on” environment. Stocks clearly were led higher by financials (XLF), healthcare (XLV) and a homebuilder’s bounce (ITB) while bonds (TLT) were weaker. The dollar (UUP) was firm while precious metals (GLD & SLV) declined sharply. The latter was occasioned by no doubt premature thoughts better economic data might cause the Fed to slow its money printing agenda. This while supply constraints given the long South African miner’s strike continues. Nevertheless the sector was weak and trailing stops were hit. Commodities (DBC) overall were weak led lower by base metals (JJC) and oil (USO). Volume was once again a light affair while breadth per the WSJ was positive…’ , 21 Signs That The Global Economic Crisis Is About To Go To A Whole New Level http://albertpeia.com/21signsglobaleconomiccrisisabouttogetmuchworse.htm , Greece Is Not Poor - It Actually Has Massive Uptapped Reserves Of Gold, Oil And Natural Gas http://albertpeia.com/greeceyuntappedwealth.htm , US Households Are Not "Deleveraging" - They Are Simply Defaulting In Bulk ZeroHedge.com Lately there has been an amusing and very spurious, not to mention wrong, argument among both the "serious media" and the various tabloids, that US households have delevered to the tune of $1 trillion, primarily as a result of mortgage debt reductions (not to be confused with total consumer debt which month after month hits new record highs, primarily due to soaring student and GM auto loans). The implication here is that unlike in year past, US households are finally doing the responsible thing and are actively deleveraging of their own free will. This couldn't be further from the truth, and to put baseless rumors of this nature to rest once and for all, below we have compiled a simple chart using the NY Fed's own data, showing the total change in mortgage debt, and what portion of it is due to discharges (aka defaults) of 1st and 2nd lien debt. In a nutshell: based on NYFed calculations, there has been $800 billion in mortgage debt deleveraging since the end of 2007. This has been due to $1.2 trillion in discharges (the amount is greater than the total first lien mortgages, due to the increasing use of HELOCs and 2nd lien mortgages before the housing bubble popped). , Market Thoughts From David Rosenberg "The consensus view was that QE3 was going to send the stock market to the moon. Yet the peak level on the S&P 500 was 1,465 on September 14th, the day after the FOMC meeting. The consensus view was that the lagging hedge funds were going to be forced to play some major catch-up and take the stock market to the moon too. Surveys show that the hedge funds have already made this adjustment...Q3 EPS estimates are still coming down and now stand at -3% YoY from -2% at the start of October....this is the first time the Fed embarked on a nonconventional easing initiative with the market overbought and with profits and earning expectations on a discernible downtrend. Not only that, but the fact the pace of U.S. economic activity is still running below a 2% annual rate, which is less than half of what is normal at this stage of the business cycle with the massive amount of government stimulus, is truly remarkable. Keep an eye on the debt ceiling being re-tested — the cap is $16.394 trillion and we are now at $16.119 trillion. This is likely to make the headlines again before year-end — the rating agencies may not be taking off much time for a Christmas break." , US CEOs Opine On America's Debt And The Fiscal Cliff , NYSE Short Interest Drops To 5 Month Low { Though somewhat counter-intuitive, this is actually a bearish indicator. } One place where the S&P level still does have a modest influence is the number of shorts in the market, which are strategically used by repo desks and custodians (State Street and BoNY), to force wholesale short squeezes at given inflection points, usually just when the bottom is about to drop out. The problem is that even short squeezes are increasingly becoming fewer and far between, for the simple reason that the Fed has managed to nearly anihilate shorters as a trading class with its policy… , Jeff Macke On Citi's Earnings: "These Numbers mean NO-THING" , Timberrrrr!... Will Be The Best Performing Asset In Next 7 Years Per Jeremy Grantham; Large Caps To Return 0.0% , Latest Unintended Casuality Of QEtc.: Mortgage REITs , To Fight Hyperstagflation, Greece Will Allow Sale Of Expired Food Products , Guest Post: The Future of America Is Japan: Runaway Deficits, Runaway Debts If you want to know how the Keynesian Cargo Cult's grand experiment in borrowing money to fund bloated fiefdoms, rapacious cartels and bridges to nowhere ends, just look west (from California) to Japan. The Japanese State, partly because they seem to believe in the Cargo Cult, and partly to avoid exposing the insolvency of their crony-capitalist financial sector, has been borrowing and spending money on a vast scale for two decades. Rather than face the fraud and corruption at the heart of American (and Japanese) finance and governance, the Keynesians just want to leave the predatory, parasitic crony-capitalist Status Quo intact and create an illusory world of bogus "demand" and grotesque malinvestment funded by ever-increasing debt. Does anyone seriously think this is the "road to recovery"? If you want a look at the fiscal future of the U.S., look west to Japan, a nation that sits precariously on a fiscal cliff a thousand feet high. , US Homeowners Launch Class Action Suit Against LIBOR-Manipulating Banks , Half Of Citi's Adjusted Net Income Comes From Loan Loss Reserves; Home Equity Loan Losses Surge , September Retail Sales: Seasonal vs Non-Seasonal - Spot The Difference Just when we thought we may finally get one decent economic data point which even we could get excited about, we decided to look at the Non-Seasonally Adjusted September retail sales data. After all the $4.7 billion seasonal increase in headline retail sales was the second highest ever (in absolute terms, second only to 2004). Turns out our curiosity was an enthusiasm-dowsing mistake, as a number which on the surface looked good, was hardly validated by the Not-Seasonally Adjusted number, which plunged by $31.9 billion. How does this September sequential change compare to previous years? See the chart below and decide for yourselves if the massive NSA plunge in September 2012 merits the second best seasonally adjusted retail sales increase in history.

Retail Sales Beat Expectations, As Empire Index Misses, Negative For Third Month In A Row

Submitted by Tyler Durden on 10/15/2012

The economic data twofer this morning was a beat and a miss. Retail sales increased by 1.1% on expectations of a 0.8% increase, with the last month's data being revised from 1.2% to 0.9%. Headline retail sales, ex autos was up 1.1% on expectations of a 0.7% print, and up from an upward revised 1.0%. Some of the main drivers in the September retail sales pick up were in electronics and appliance stores, which rose 4.5% from August (thank you iPhone 5), Gasoline Stations +2.5%, and Motor vehicle and parts dealers 1.3%, which continue to be a notable driver of retail strength for the second month in a row. As for the miss, it came from the Empire Fed, which increased from September's -10.41, to -6.16, but missed expectations of a -4 print. New Orders improved modestly from -14.03 to -8.97, and ironically was the only subindex in the entire report that staged an increase. Shipments declined to a negative print, from 2.75 to -6.40. Declines were also recorded in Delivery Times, Unfilled Orders, Inventories, Prices Paid, Prices Received, the average Employee Workweek, and most importantly, Number of Employees which declined from 4.26 to -1.08. Not even the forward looking indicators, so critical to consumer "confidence" managed to rise, dropping from 27.22 to 19.42.

Frontrunning: October 15

Submitted by Tyler Durden on 10/15/2012

Hilsenrath Humor du jour: Bernanke Advocates Stronger Currencies (WSJ)

Auditors want two more years for Greece on deficit (Spiegel)

More bluster: Schaeuble Rules Out Greek Default as Samaras, Troika Bargain (Bloomberg)

And even more bluster: De Jager Says Greece Needs to Make Fiscal Reforms Immediately (Bloomberg)

Global Economy Distress 3.0 Looms as Emerging Markets Falter (Bloomberg)

Central bank governor stresses inflation control (China Daily)

Greek Yields Reach Post Debt-Swap Low as Bunds Slip on Schaeuble (Bloomberg)

Roth and Shapely win Nobel prize for economics (Reuters)

Fed chief rounds on stimulus critics (FT)

IMF Board Sees Biggest Power Shift Reshuffle in Two Decades (Bloomberg)

EU Girds for Summit as Nobel’s Glow Fades on Crisis Response (Bloomberg)

Japan security environment tougher than ever (Reuters)

10-12-12 Dave’s Daily: http://www.etfdigest.com ‘OCTOBER DATA REMAINS QUESTIONED 10-12-12 It’s hard to accept a lot of the data being released lately. Once trust in the data is lost investors will sour on releases for a longer period than you might expect. This began last week Friday with the release of the employment report. Yes, Jack Welch jumped on it as not credible and political. He was dismissed as an old crank. But the data still remained counterintuitive to most. Then came Jobless Claims Thursday recklessly released by the Bureau of Labor Statistics (BLS) when it was incomplete. Away from the BLS Friday was the U of Michigan Consumer Sentiment report which showed a spectacular and historical beat of estimates (83.1 vs 78.3 expected & prior 78.3). This is also weird since the number one thing commonly affecting consumers are energy prices which are historically high. It might be that households think current WH occupants will change in the future. Is that a reasonable conclusion? It’s the only thing I can think of frankly.Friday the BLS was once again in the picture releasing the Producer Price Index which was still higher (1.1% vs .8% expected & prior 1.7%). But wait, what the BLS and officialdom wants you to pay attention to are the so-called “core” rates. For this data point ex-food and energy there was no inflation (0% vs .2% expected & prior .2%). So headline writers (MarketWatch: “PPI Confirms Fed’s No-Inflation View”) and Fed governors can tell people there is no inflation and what exists is dismissed as “transitory”. Monday will feature the Consumer Price Index including the headline number and “core” rate again. Let’s remember these data points have been massaged and altered over since 1980 several times to get the data to a point where entitlement payments by the government to recipients are more manageable. This is quite silly and there is a lot of trickery in the entire process. For example, while TVs, autos and Nike Lebron specials may cost more today, the BLS asserts you’re getting more for your money ergo no inflation. So when you growl over prices at the supermarket or gas pump do you feel thankful that the “core” rate is deemed too volatile to be credible even though you consume this stuff every day? I thought not.J.P. Morgan (JPM) delivered good earnings that beat expectations ($1.40 vs $1.21) and Jamie Dimon asserted to all that the housing market has now “turned the corner”. Wells Fargo (WFC) followed with earnings ($.88 vs $.87 estimated) after adjustments. The bottom line is both stocks fell on the day.Stocks just can’t seem to keep the bullish trend going as October unfolds. Most indexes were down 2-3% on the week posting their worst week in 5 months. Concerns about Spain once again surfaced about if and when a bailout would be requested also weighed on stock prices. The other day some had wondered if Spain would “opt-out” of the euro and move back to the peseta which sounds seductive but actually isn’t. Who would then buy their bonds? Is there a lack of trust in government data building? Perhaps. It may also be due to the previous narrative that Obama would be reelected which seemed bullish for some reason. Now a possible Romney election means more uncertainty given bulls knew what they had with him. With either person winning the so-called “fiscal cliff” looms. And, I admit this is all speculative on my part.The dollar (UUP) was slightly weaker but gold (GLD) was much weaker. As indicated stocks couldn’t get out of their own way and were led lower by banks (KBE), financials (XLF), homebuilders (ITB), semiconductors (SMH) and miners (GDX). Bonds (IEF) were firm and commodities (DBC) overall were weaker. Volume still remains ultra-light and breadth per the WSJ was negative…’ , Bear market may begin Tuesday { We are in a secular bear market (foolishly) obfuscated by fiat paper currency creation/printing! } , Did Bernanke Bluff About QE3? http://albertpeia.com/bernankebluff.htm , Visualizing America's Economic Freedom Plunge ZeroHedge.com As we noted last week, the US, long considered the standard bearer for economic freedom among large industrial nations, has experienced a rather remarkable plunge in economic freedom over the last decade. This excellent infographic summarizes what factors drove us here, which countries are on the rise, and why we are more like Venezuela, etc., than many would like to believe. , Guest Post: Opening Pandora’s Box: If Israel Strikes Iran, What About Hezbollah? , Mike Krieger Topples The Last Domino With the election right around the corner, the chickens are going to come home to roost.  Our ability to print our own currency and buy all the commodities we want with it is the exorbitant privilege that allowed us to export most of the problems within the monetary system elsewhere first.  As Nixon’s Treasury Secretary John Connelly said when confronted by a group of European Finance Ministers: “it’s our currency, but your problem.”  At the time he was correct, as we were at the very beginning of the fiat dollar standard.  41 years later the system is in its final days and our currency is about to become our problem as well. There were always going to be massive consequences to keeping this ponzi alive. The main point here is one I was hammering on in my last piece The Global Spring.  You can only push people so far into hardship before things snap.  They snapped in North Africa.  They snapped in Southern Europe.  They snapped in China.  They are about to snap here.  Oh, and one last thing.  What do you think all of this signals for corporate margins? , Retirement: The Scary Numbers Behind The Soothing Lies , Guest Post: About That "No Recession" Call The usual definition of a recession is GDP goes negative. { If real inflation numbers are used, recession and contraction are already here! ( Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’) } But this isn't necessarily true. Notice that GDP never went below the zero line in the 2001 recession. Dipping close to zero was good enough. The more interesting line is our composite of economic activity. We can pose the "recession" question in this way: if real investment, net earnings after debt service and M2 money are all puking, how can the economy be "growing slowly but steadily"? , NASDAQ Drops Most In 5 Months As Leaders Languish , Kaminsky On "Hypocrite" Biden: "I'd Have Punched Him In The Face" , S&P Futures Break 50DMA ‘… From the day before Draghi's spike, the VWAP (volume-weighted average price) for S&P 500 futures is 1444.5 - so on average in aggregate buyers are now losers...’ , Charts Of The Day: Why America Needs To Embrace The Fiscal Cliff Instead Of Kicking The Can Once Again , Santelli And Shiller On Housing, Animal-less Spirits, And Bernanke's Impotence "We've seen rallies that fizzle before" is why Bob "I don't see the reason to call this a major turning point" Shiller is not calling the bottom in the housing market as he notes that while momentum helps, "right now it is partly seasonal" in an excellent reality-based discussion with CNBC's Rick Santelli. From the rise and fall of Greenspan's nationwide housing market correlations (not convinced this is anything but idiosyncratic) to the fact that a 'bottom' does not mean a recovery is coming and his expectations of longer-to-wait; the esteemed gentleman, dismissing concerns over rising interest rates and house prices - and pointing out how mortgage rates do not help forecast a house price recovery, makes a vital point: "Why the urgency" to buy a house? Despite the 'money for nothing', Shiller and Santelli explain there is "no way for Bernanke to change our 'animal spirits'" and his ZIRP is in fact psychologically damaging not invigorating. Absolute must watch!

Frontrunning: October 12

Submitted by Tyler Durden on 10/12/2012

OECD: Japan Public Debt in 'Uncharted Territory' (WSJ)

Germany holds firm on Greece as IMF pressure mounts (Reuters)

Schäuble and Lagarde clash over austerity (FT) - it would be great if someone actually implemented austerity...

Merkel hints at tax cuts for growth boost (FT)

Hollande Robbed of Growth Engine as Companies Cut Investment (BBG)

Romney Narrows Gap With Obama in Swing State Polling (BBG)

Sluggish Growth Seen Into Next Year (WSJ)

Softbank Founder Has 300-Year Plan in Wooing Sprint Nextel (BBG)

Singapore Forgoes Currency Stimulus on Inflation Risk (Bloomberg) - as does China day after day

Sharp Jabs Dominate Combative Vice-Presidential Debate (WSJ)

Japan and China Agree to Hold Talks on Rift After Noda Call (Bloomberg)

The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die

http://thetruthwins.com

http://albertpeia.com/allfornaught.htm

[ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

10-11-12 Dave’s Daily: http://www.etfdigest.com ‘JOBLESS CLAIMS SNAFU 10-11-12 You can almost hear Jack Welch’s “I told you so” after Thursday’s Jobless Claims data was released. The data (339K vs 370K expected & prior, as usual, revised higher to 369K from 370K) was later explained by the BLS as a problem with “one large state didn’t report additional quarterly figures as expected, accounting for a substantial part of the decrease”. Well that will do it. So an early rally based on incomplete information was undone as the day wore on. So the result was wasted buying power from my view. Other economic data included The U.S. Trade Deficit ($-44.2B vs $-42.5B) and the Bloomberg Consumer Comfort Index fell (-38.5 vs -36.5). Newly appointed Fed Governor Jeremy Stein spoke today and the bottom line was this quote regarding the effects of QE: “…giving a significant boost to stock prices.”  I think that sums things up neatly. The dollar (UUP) was slightly weaker and gold (GLD) slightly higher. Commodities (DBC) and oil (USO) were also higher. Bonds rallied as stocks fell into the close. Stocks were led lower once again by disappointment in tech (XLK) and an appeals court decision to stop a ban on Samsung selling its phones to benefit Apple (AAPL). The latter continues to suffer losses.  Consumer Discretionary (XLY) and Homebuilders (ITB) were also weak…’ , Marketwatch: Florida poll shows Romney leading Obama by 7 points , FOX: Stocks: More decay is on the way In times like these, a medium-term speculator's prey is usually found in the more-speculative climes of the market, i.e. Nasdaq titles. , Poll: Romney leads Obama in Florida by 7 points

Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm } You can tell a lot about a person by the jewelry that they wear and by the things that they carry around in their pockets, and Barack Obama's "lucky charms" include a Hindu god, a Masonic emblem and a "wedding ring" that has the phrase "there is no god except Allah" inscribed on it.  So what do these things tell us about Barack Obama? …’ , 1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

Dave’s Daily: http://www.etfdigest.com ‘JOBLESS CLAIMS SNAFU 10-11-12 You can almost hear Jack Welch’s “I told you so” after Thursday’s Jobless Claims data was released…’

Jack Welch: I Was Right About That Strange Jobs Report

WSJ | The 7.8% unemployment figure released by the BLS last week is downright implausible.

{ How pathetic, desperate, corrupt and dishonest is the wobama et als’ latest manipulation … 10-11-12 Kass: " Labor Dept said one large state didn’t report additional quarterly figures as expected, accounting for a substantial part of the decrease." }

http://ransquawk.com News Headline Summary

Several factors have been attributed to the lower than expected US initial jobless claims number, including the following:

- The US Labor market noted that one state accounted for the entire drop.
- It is the first week of the quarter which historically adds volatility, especially with expectations of a seasonal adjustment.
- Extended benefits rose (+13,802) in the latest week due to the state of NY returning to the program starting Sept 9th.

Update details:

- Although initial upside was seen in US stock futures, most of the move has since been pared as attention paid to these factors.

Al Peia  •  20 mins ago (posted to Yahoo News) What large state? Nobody seems to care. That state's going to pay for the scam/fraud/corruption. What state?!

A Dash Of Hair Transplant And Just Add Laughter ZeroHedge.com We always said that the presidential race in a country in which 40% of spending on wars, entitlements, interest on said debt, etc. is funded by debt (purchased mostly by foreigners and monetized by the Fed), is moot, and is merely one big tragicomedy designed to evoke nothing but laughter (especially since it is the creditors who call the shots). Today, we see that at least Joe Biden got the memo. , We Are On The Road To Serfdom We are now five years into the Great Fiat Money Endgame and our freedom is increasingly under attack from the state, liberty’s eternal enemy. It is true that by any realistic measure most states today are heading for bankruptcy. But it would be wrong to assume that ‘austerity’ policies must now lead to a diminishing of government influence and a shrinking of state power. The opposite is true: the state asserts itself more forcefully in the economy, and the political class feels licensed by the crisis to abandon whatever restraint it may have adhered to in the past. Ever more prices in financial markets are manipulated by the central banks, either directly or indirectly; and through legislation, regulation, and taxation the state takes more control of the employment of scarce means. An anti-wealth rhetoric is seeping back into political discourse everywhere and is setting the stage for more confiscation of wealth and income in the future. This will end badly. , Debate Post-Mortem: Wreckin' Raddatz, Laughin' Angry-Boy Biden, And Vice President Ryan , Visualizing America's Education , The Forecasting Folly Of Equity Valuations And Earnings Growth , Fed's "Other Assets" Hit All Time High Of $205 Billion , Guest Post: Trade Deficit - Recession Risks Increase , Do 20% Of Firms Cheat On Earnings? ‘…To wit, Bloomberg notes a recent paper (below) that finds 20% of CFOs will "manage earnings to misrepresent economic performance" with 93.5% admitting it is to influence the stock price. 'Red flag's include EPS inconsistent with cash-flows, unusual accruals, or an industry outlier. Amid pressure to maintain stock prices (and keep a career going), 60% of earnings 'management' is to increase income and of course 66% of CFOs hope for fewer accounting rules going forward. , Goldman's Cohn On The Fed's One Way Con While stating the somewhat obvious - that the Fed's actions will cause 'pain' when they (try to) stop QE - when it comes from a high-ranking officer of the establishment elite (as opposed to a tin-foil-hat-wearing, BLS-exposing, HFT-undermining, fringe blog) such as Goldman Sachs' President Gary Cohn, perhaps more mainstream will begin to question the one-way path we are on. Cohn's interview on Bloomberg TV ranged from his reading habits (Greg Smith's tell-all) to the world's central bank printfest and how "we will have to go through the pains of stopping QE".. , Cashin Remembers Germany's Hyperinflation Birthday , The Collapse Continues: Greek Unemployment Rises For 35th Consecutive Month, Passes 25% , Charting The 'Housing Recovery' Subsidy: Foreclosures Slide To Five Year Lows A month ago, when RealtyTrac posted their latest US foreclosure numbers for the month of August, we presented what we called was the "Foreclosure Stuffing" thesis, explaining the explicit subsidy by the banks for the housing market, whereby the entire foreclosure process has now ground to a halt, and in doing so removing millions in inventory flow from the distressed end market, forcing limited buyers to chase what supply there is, and in the process boosting prices of existing inventory higher. In other words a traditional inventory removal-based subsidy. It is therefore not surprising that today RealtyTrac reported the latest foreclosure data, and lo and behold, just as we expected, the great foreclosure collapse has taken another leg lower, with the total number of foreclosures for the month of September sliding to 180.4K, a decrease of 7 percent from the previous month and down 16 percent from September 2011, and the lowest in five years!

S&P Will Downgrade France And Italy Next, CDS Implies

Submitted by Tyler Durden on 10/11/2012

With government bond markets increasingly manipulated directly via central-bank intervention - and becoming increasingly illiquid - the odd situation we find ourselves in once again is that CDS markets perhaps provide a 'cleaner' picture of where credit risk is actually being traded between market participants (hedgers or speculators). To wit, Bloomberg's ever-insightful Michael McDonough has noticed a significant divergence between market-implied perceptions of risk (CDS) and ratings-agencies perceptions among several nations. Most notably France and Italy (with Belgium close behind) appear considerably 'over-rated'. Italy's implied rating is equivalent to BB+ at S&P - well below its average rating of BBB+ and France's implied rating of A is around four notches below its composite rating. Spain also appears set for more pain as its market price implies a sub-investment grade rating is imminent.

Data Massaging Continues: Initial Claims Tumble To 339K Lowest Since 2008, Far Below Lowest Expectation

Submitted by Tyler Durden on 10/11/2012

This is just getting stupid. After expectations of a rebound in initial claims from 367K last week (naturally revised higher to 369K), to 370K (with the lowest of all sellside expectations at 355K), the past week mysteriously, yet so very unsurprisingly in the aftermath of the fudged BLS unemployment number, saw claims tumble to a number that is so ridiculous not even CNBC's Steve Liesman bothered defending it, or 339K. Ironically, not even the Labor Department is defending it: it said that "one large state didn't report some quarterly figures." Great, but what was reported was a headline grabbing number that is just stunning for reelection purposes. This was the lowest number since 2008. The only point to have this print? For 2-3 bulletin talking points at the Vice Presidential debate tonight. Everything else is now noise. It is also sad that the US "economy" has devolved to such trivial data fudging on a week by week basis, which makes even the Chinese Department of Truth appear amateurish by comparison. Needless to say, Not Seasonally Adjusted initial claims jumped by 26K to 327K in the past week but who's counting. Finally, what is the reason for ongoing QEternity if the employment situation is now back to normal. Finally, in completely ignored news, because who needs global trade when you have toner cartridge, and generally ink, the US trade deficit in August rose by 4.1% to $44.2 billion, on expectations of a deterioration to $44.0 billion. Then again nobody talks about the US trade deficit during presidential debates so all good here.

10-10-12 Dave’s Daily: http://www.etfdigest.com ‘OCTOBER REMAINS A TOUGH MONTH 10-10-12 The IMF was active once again Wednesday this time telling eurozone banks it must divest themselves of $4.5 trillion (with a “T”) of assets over the next 12 months. Note to central banks: “You’re gonna need a bigger printing press.” That comment heaped atop previous advisories didn’t help markets Wednesday.The Fed’s Beige Book was released at 2 PM and it offered little news beyond what we already knew. Further Fed Governor Kocherlakota chimed-in from Disneyland saying the Fed could keep interest rates low for the next four years. If markets are forward looking what’s to like about that assessment?  Earnings news from Alcoa (AA) was viewed Wednesday as a disappointment which pounded the materials sector (XLB). After their release Tuesday post NY close they actually beat estimates but this didn’t matter since their guidance relative to Chinese demand was weak. Chevron (CVX) earnings missed occasioned by Hurricane Isaac production stoppages. Tech continued to remain weak with semi’s like Intel (INTC) leading the sector (SOXX) lower. But all wasn’t lost as Yum Brands (YUM) earnings rose, Wal-Mart (WMT) stated it would open more small-scale stores and Costco (COST) reported good earnings. Also FedEx (FDX) gained nearly 5% on cost-cutting initiatives (read, lay-offs). Overall there isn’t anything we already weren’t expecting from earnings. Bulls were counting on QE3 to support what they already knew to be a tough earnings season. Perhaps QE had become well priced-in and/or has lost some of its effectiveness. After all, how many times can you go to the well on this? The dollar (UUP was slightly weaker and precious metals (GLD & SLV) were mostly flat while commodities overall (DBC) were slightly weaker led lower by oil (USO). Bonds (IEF) were higher in price and lower in yield as is normally the case...’ , UNSUSTAINABLE http://albertpeia.com/unsustainable.htm   , Marketwatch: Euro erases gains after Spain downgraded S&P cuts Spain's rating to one notch above junk , FOX: Playing games with pensions Public pensions are severely underfunded, threatening the retirements of government workers and taxpayer wallets. 401(k)s in 'plain English'? Plan providers are now required to explain all the costs, but many critics say Wall Street seems intent on drowning them in paperwork and fine print.

Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm } You can tell a lot about a person by the jewelry that they wear and by the things that they carry around in their pockets, and Barack Obama's "lucky charms" include a Hindu god, a Masonic emblem and a "wedding ring" that has the phrase "there is no god except Allah" inscribed on it.  So what do these things tell us about Barack Obama? …’ ,

Food Inflation To Surge, Goldman Warns ZeroHedge.com We have been very active in our discussions of the impact of the pending rise in food prices around the world (from central bank largesse to weather-related chaos). As Goldman notes, food inflation has been one of the most significant sources of headline inflation variation in emerging markets (EM) over the past few years. Since June, international prices for agricultural commodities have risen almost 30%, increasing the risk of fresh, food-related increases to EM headline inflation. We, like Goldman, expect EM headline inflation to start to reflect the relevant pressures more broadly in the October prints at the latest. While the effects, for now, are expected to be less extreme than the 2010-2011 episode, the timing as the US enters its fiscal-cliff-prone malaise, could mean a further round of easing will reignite this critical inflationary concern. , UPDATE:*JPMORGAN CFO EXPECTED TO STEP DOWN: WSJ Jamie "The Europeans have the will, but no way; The US has the way, but no will." Dimon had a very open and wide-ranging discussion with the Council on Foreign Relations today. , Guest Post: The Many Guises Of Financial Repression , The US Economy In Q4 - Just The 'Chart-Porn' Facts The US economy grew at a 1.65% pace in the first half of the year and, according to Bloomberg Brief's chief economist Jo Brusuelas, is now tracking at a 1.5% pace of growth. The IMF's dour outlook for the world's economy has been shoulder-shrugged by many but in this compendium of everything you need to know about the US economic outlook but were afraid to ask, Brusuelas provides the facts and nothing but the facts. From slack in the labor markets, to a slowdown in investment and soft household spending, even the Fed's unprecedented QEternity is unlikely to grab us back from the edge of a malaise-like sub-2% consensus forecast for Q4. { Adjusting for real inflation, the economy’s in already in a sharp contraction as previously pointed out by Bert Dohmen who called the last crisis and calls this crisis worse! } , Guggenheim On Gold And The 'Unsustainable' Return To Bretton Woods , S&P Downgrades Spain To BBB- (Negative Outlook) As European Support Wanes , The Cost to Future Generations of the Economic Data Fabrications - Much has been made lately of Jack Welch's "turn" on the Administration regarding the BLS data for September... , Forget Class-Warfare; It's Age-Warfare We Should Worry About , The CEO Letter Heard Around The World "Vote Obama; Lose Your Job" , BoE Finds Gold Standard Leads To Less Crises Than Fiat Regime , Meet The People Behind The Vacuum Tubes In The World's Largest HFT Shop

Jack Welch: I Was Right About That Strange Jobs Report

WSJ | The 7.8% unemployment figure released by the BLS last week is downright implausible.

Goldman Sachs ‘in bid to change’ Volcker rule

AFP | Goldman Sachs is seeking changes to the Volcker rule, which keeps banks from speculative trades in their own accounts.

Selling your own books, electronics and even furniture will soon be illegal if the Supreme Court says so

Natural News | What’s the problem? Isn’t something yours to do with as you please once you buy it? Hasn’t it been that way forever?

Forget Class-Warfare; It’s Age-Warfare We Should Worry About

zerohedge.com | The real divide in this nation is not between rich and poor but old and young. .”

Alert: Highly Sophisticated Large Scale Cyberheist Targets Customer Funds at Major U.S. Banks

Mac Slavo | A credible threat to the U.S. banking system has been identified by cyber security firm RSA.

10-9-12 Dave’s Daily: http://www.etfdigest.com ‘BRING OUT THE BEARS 10-9-12 … successive reports from the World Bank (Monday) and IMF (Tuesday) that global economic growth was going to decline. This isn’t really news now is it? Just about every forecasting organization has stated this as a given. But in the absence of other news investors needed an excuse to do some selling.I’ll bet you’re like most people and don’t really understand the distinction between these two entities. Per the IMF is this brief description:“The World Bank and the IMF remain distinct. The fundamental difference is this: the Bank is primarily a development institution; the IMF is a cooperative institution that seeks to maintain an orderly system of payments and receipts between nations. Each has a different purpose, a distinct structure, receives its funding from different sources, assists different categories of members, and strives to achieve distinct goals through methods peculiar to itself.”Got that? They have occupied the same building, held joint conferences, share a common library exchange economic data, present joint seminars, daily hold informal meetings and may send out joint missions to member countries. They are funded by a variety of member countries (you and me in particular) and often make money on lending. Since their lending activity dried-up in 2009 they sold 212 tons of gold (with the consent on the U.S. Congress) to other central banks to keep the organization funded and everyone employed. (A good deal? Not!) In other words they’re similar to the UN formed during the post WWII era and just about as effective. They probably have outlived their usefulness but once you get these organizations started it’s an exercise in futility to eliminate them. Why do you think so many luminaries from around the globe want top jobs there? They’re lucrative and terrific benefits including jets and 5 star hotels.Meanwhile in other news the U.S. government has sued Wells Fargo (WFC) claiming fraud in mortgage underwriting and falsely certifying FHA loans. That was felt in Omaha and on Wall Street. I guess Buffett didn’t get a heads-up from the White House. Oil prices (USO) rallied even as the dollar (UUP) climbed which is unusual. Perhaps these are tensions being exhibited from the Middle East. Prior to the first Gulf War oil prices were climbing out of a long trading range a few weeks before the Iraq invasion of Kuwait. Obviously some players knew what was about to happen in advance. Let’s see what’s up now. Aside from oil most commodity prices were weaker (DBB) & (GLD) while the heavily weighted energy sector (DBC) was higher. Also a story is making the rounds that Spain could or even should just opt out of the euro in lieu of accepting harsh conditions from the troika.Stocks overall sank led by technology (QQQ) & (XLK) once again as Apple (AAPL) continued its slide but Intel (INTC) and semi’s overall (SOXX) led the way down. Also much weaker were homebuilders (ITB) which needed some consolidation. The confusion in markets threw-off other relationships such as weaker bonds and weaker stocks. After the close Alcoa (AA) released earnings which are always highly anticipated but have more complexity and “adjustments” than even the BLS can conjure up. The report just released showed a loss of 13 cents vs previous 15 cent profit. Revenues were lower at $5.83 billion vs $6.42 billion prior but beat estimates of $5.56 billion. Adjusted earnings 3 cents vs 0 cents expected. Oh the joy! Volume overall was much heavier than on recent days but still light overall. Breadth per the WSJ was negative...’, 28 Good Questions That The Mainstream Media Should Be Asking http://albertpeia.com/28questionsmainstreammediashouldbeasking.htm , S&P: Q3 downgrades far outpace upgrades Marketwatch , Wall Street should shrink , pay smaller bonuses Marketwatch , U.S. stocks finish lower on earnings anxiety, IMF Marketwatch , Uncle Sam Prepares To Unleash Up To 30,000 Drones Over America For "Public Safety" Zerohedge.com , The ECB-Driven Toxic Debt Loop At The Heart Of Europe's Misery , Guest Post: The Unstimulus If your predictions are wildly out-of-whack with reality, you need to change your approach. Jared Bernstein and Christy Romer Administration predictions have been an unmitigated disaster. Not only did the real figures not match up to the advertised ones, but they are also much worse than the baseline expectations. Romer and Bernstein appear to have both severely under-estimated the depth of the crisis, and over-estimated the effectiveness of the stimulus package. Obama might talk about spreading the wealth around, but the aggregate effect of the policies pursued during his administration have squarely benefited large corporations and the financial sector, and not the middle class or small business. Is reinflating financial bubbles and pumping up corporate profits Obama’s idea of recovery? The money isn’t trickling down, and small businesses and the middle class are more in debt than they were before the crisis started. , European Banks Need To Sell Up $4.5 Trillion In Assets In Next 14 Months, IMF Warns While yesterday it was the sovereigns who suffered the wrath of the IMF's wholesale growth outlook downgrade (unbeknownst to Christine Lagarde), today it is the turn of the financial sector (which is increasingly being blurred with the former in a world in which central banks are used to both backstop bank liabilities and fund endless public deficits, unafraid of the consequences in a closed loop fiat world in which defection is, so far, impossible) to be greeted by a cold dose of reality emanating from the IMF's "Global Financial Stability Report" especially as pertains to Europe's insolvent banking system. The most notable finding of said report is the admission that the IMF was only kidding when it said six months ago, in April of this year, that the worst case outlook now has European banks deleveraging to the tune of $3.8 trillion through the end of 2013, or over the next 14 months: now this number is 18% higher, or a gargantuan $4.5 trillion (12% of bank assets). This is how much debt Eurobanks will need to shed in a "weak policies" case in which Europe continues to delay implementing fiscal reform, aka austerity, as per Figure 2.14. Even the baseline (and this being the IMF it means it has zero chance of happening) scenario is not much better, at a revised $2.8 (7.3%) trillion in deleveraging. The reason for the increase is due to "lower expected earnings, higher losses linked to worsened economic conditions, and greater funding pressures on banks." , Guest Post: Are Businesses Quietly Preparing For A Financial Apocalypse? US corporations are sitting on more cash than at any point since World War II. That's without including banks. We're only talking about nonfinancial corporations – the ones that sell goods and services and make the economy go. Those businesses hold $1.4 trillion. As investors, we can infer quite a bit from corporations' inability (or unwillingness) to deploy their cash. For one, it indicates that business have assumed a very defensive stance. Cash, of course, is a buffer against uncertainty - the uncertainty that business slows for any reason. But $1.4 trillion? That tells us that businesses are not just a little jittery about the future. They're prepared for an apocalypse. , Bill Gross' Advice To Asset Managers: "Turn Lead To Gold" At least he did not say Tungsten...Gross: Stock and bond managers today must be alchemists: turn lead into gold. NOT likely. Too much lead (bubbled assets). , Charts Of The Day: 111 Years Of Federal Tax And Spending , Everything You Need To Know About Resolving The Fiscal Cliff But Were Afraid To Ask , Global Growth Reality Hits As Cummins Cuts Guidance And 1500 Jobs , Jack Welch Terminates Contract With Reuters, Fortune In Aftermath Of Infamous Tweet , Guest Post: NFIB - Small Businesses Don't Agree With BLS Since the release of the most recent BLS Employment Situation Report, which showed an astounding drop in the unemployment rate, we have spent a good bit of time dissecting the release and discussing why the real unemployment rate is really between 17% and 22% depending on how you calculate it.  (See Here and Here)  However, today's release of the September NFIB Small Business Survey shows the extent to which the current BLS employment calculation method may have detached from reality. No matter how you look at the data there is a clear disconnect between the BLS report and economic realities.  From the NFIB's point view it is "economic uncertainty" that weighs on business owners and keeps them on the defensive.  The actions by the Federal Reserve to buy bonds and inject liquidity into the financial system does not solve the problem of "poor sales", reduce regulations that strangle growth or solve the "fiscal cliff" issues that threaten business profitability by the end of the year.  

Mysterious Algorithm Was 4% of Trading Activity Last Week

CNBC | A single mysterious computer program that placed orders — and then subsequently canceled them — made up 4 percent of all quote traffic in the U.S. stock market last week.

Goldman Issues Strong Sell On Obama As Firm Refuses To Vote With Its Wallet

Zero Hedge | Goldman Sachs money moves away from virtually anointing Obama in 2008 to shunning him.

From Zero Interest Rate To Zero Retirement: How The Fed Doomed Elderly Americans To Endless Work

zerohedge.com | Fed is spinning its wheels by sticking to the old model of trying to stimulate growth.

IMF warns global economic slowdown deepens, prods U.S., Europe

Reuters | The IMF said the global economic slowdown is worsening.

A Second Greek Man On ‘The Lagarde List’ Has Been Found Dead

Business Insider | Since Friday, two men on the list have turned up dead in apparent suicides.

Food is the New Oil and Land the New Gold: Lester Brown

Daily Ticker | The United Nations food agency reports that food prices are rising again.

Medicaid Fraud in the Billions

New American | The amount, just in New York, is estimated by Issa’s committee to be in excess of $15 billion, equivalent to $1.9 million per patient per year!

19 Numbers Which Prove That America Is Turning Away From Christianity

http://albertpeia.com/19numbersusturningfromchristianity.htm

10-8-12 The Largest Economy In The World Is Imploding Right In Front Of Our Eyes http://albertpeia.com/largesteconomyimploding.htm , MF cuts 2012, 2013 global growth forecasts Marketwatch , The Inflation Rate Is A Lie Too http://albertpeia.com/inflationrateisalietoo.htm ‘…In fact, the way that the government calculates inflation has changed more than 20 times since 1978.   The government is constantly looking for ways that it can make inflation appear to be even lower.  According to John Williams of shadowstats.com, if inflation was measured the same way that it was back in 1990, the inflation rate would be about 5 percent right now.  If inflation was measured the same way that it was back in 1980, the inflation rate would be about 9 percent right now.  But instead, we are expected to believe that the inflation rate is hovering around 2 percent.  Well, anyone that goes to the supermarket or fills up their vehicle with gasoline knows that prices are going up a lot faster than that.  Just about everything that we buy on a regular basis is steadily becoming more expensive… one of the reasons why he says that more money printing ("quantitative easing") is okay is because we are in a "low inflation" environment at the moment. Sadly, this is exactly the kind of delusional thinking that led to the horrible crisis in the Weimar Republic back in the 1920s.  Quantitative easing did not work for the Weimar Republic, and it is not going to work for us either. But it will cause the prices of the things that we buy on a regular basis to go up even more…’ , Is China an economic miracle, or one massive Government-Sponsored fraud? http://albertpeia.com/chinamiraclegovernmentfraud.htm , Spain: How One Country Could Take Down the Entire EU Banking System http://albertpeia.com/spaincouldbringdowneubanksystem.htm , Dave’s Daily: http://www.etfdigest.com 10-8-12 ‘..The markets were weak most of the day and that included the Fed’s printing press given Columbus Day. It’s also a holiday in Spain (Fiesta Nacional if you care).The important events in the markets were twofold. First, Apple (AAPL) stock continued its recent slide on fears the mini-iPad would be successful and strike worries in its China plant. Second, the World Bank downgraded economic growth in East Asia to 7.2% below last year’s 9.3%..’ , The IMF's Lagarde Is Unaware What The IMF's Market-Moving Report Contains ZeroHedge.com , IMF Cuts Global Growth, Warns Central Banks, Whose Capital Is An "Arbitrary Number", Is Only Game In Town , Moody's Slaps ESM With Negative Outlook On Day Of Its Official Launch , Stocks Lose Half Of Last Week's Gains With AAPL Back Under $600 Billion Market Cap , Why The Market Should Not Expect A Bounce If A Fiscal Cliff 'Compromise' Is Reached , European Equities Give Back Friday's Gains As EUR Tumbles Most In Almost 3 Months , China Sums Up US Financial Innovation: "Smart Kids Picking People's Pockets Is Not Very Good" When fringe-blogs highlight the reality of the US banking system and its financial engineering as nothing but overly complex three-card-Monte, it can be shrugged off; but when the head of China's sovereign wealth fund (yes the same one that will bail the world out) notes that the JPMorgan loss highlights a system that has become too complex, perhaps some should listen. As Bloomberg BusinessWeek reports, Gao Xiqing of CIC stated that "I think we do need to slow down a little bit instead of rushing up to all these fancy derivatives." The fact that the 'whale' loss was not a rogue trader but a systemic decision gone wrong on weak risk management of an overly-complex position was "the single most revealing thing" to Gao as he expressed concern about a society in which "all the best engineers are engineering financial products." Summing up the entire ethos of US financial innovation he concluded: "You have all the smartest kids to design these products, the only purpose of which is to get money out of other people’s pockets, that is not very good."

Daily US Opening News And Market Re-Cap: October 8

Submitted by Tyler Durden on 10/08/2012

Risk averse sentiment dominate the session, as market participants looked forward to the latest European finance ministers meeting who are due to discuss Spain’s finances, as well as Greece, which is yet to formalise spending cuts in order to receive the next aid tranche. Reports that China's economic growth is expected to have slowed to 7.5% in Q3 from 7.6% in Q2 weighed on basic materials and industrials stocks. The World Bank cut its 2012 GDP forecast for China to 7.7% from 8.2%; 2013 to 8.1% from 8.6%. Uncertainty surrounding the never-ending sovereign debt crisis in Europe weighed on financials, and in turn translated into lower 3m EURUSD cross currency basis. Peripheral bond yields rose, with Italy underperforming, ahead of the supply later on in the week. Going forward, given the Columbus Day holiday across the pond, trade volumes are expected to be below the average.

Frontrunning: October 8

Submitted by Tyler Durden on 10/08/2012

Italy rejects need for EU control (FT)

‘Worst US quarterly earnings since 2009’ (FT)

Chinese firm helps Iran spy on citizens (Reuters)

World Bank cuts East Asia GDP outlook, flags China risks (Reuters)

Foxconn factory rolls on in spite of strike (China Daily)

Economic recovery ‘on the ropes’ (FT)

Japan Tries Cars That Make the Mini Look Maxi (Businessweek)

Euro Finance Chiefs to Give Positive Greece Statement, Rehn Says (Bloomberg)

Romney attacks drones policy (FT)

Euro zone mulls 20 billion euro separate budget (Reuters)

Hong Kong’s Leung Seeks Turnaround With Economy Focus (Bloomberg)

RBA Keeps Some Documents Private in Securency Bribe Probe (Bloomberg)

India Inflation to Remain at 7.5%-8% Till Early 2013 (WSJ)

Police: "Enter (niggertown) Detroit (and niggertown chicago) At Your Own Risk (and any other towns where there are niggers in abundance) " http://albertpeia.com/detroitdeathsdoor.htm

Romney leads by four points in post-debate survey

Obama Flying to LA to Reassure Hollywood Donors Hollywood Reporter - Oct 6, 2012 --- The president arrives for a star-studded concert and high-roller dinner on Sunday amid "shock" in Hollywood over his Denver debate performance. { Sure…Forget about reassuring the nation that he’s something other than the failed, grifting incompetent jive-talking b***s*** nigger that he has proven to be after four years; instead, reassure the ‘brain-dead-of-nutwood’ bankrolling his unmitigated failure! The b***s*** performance … fellatio anyone? … says obama. }

Drudgereport: GALLUP: 5-POINT ROMNEY BOUNCE...
PEW: 18-point shift among women...
POLL: Romney leads among independents 51-35...
R closes gap in Michigan...
University of Colorado: Updated election forecasting model still points to Romney win...

10-5-12 Drudgereport: REALLY! 7.8%
Total employment 'highest one-month jump in 29 years'...
Welch: President manipulating numbers after (pathetic) debate performance...
BLS economists donate to Obama campaign?
Rate Plummets to 4.3% -- For Govt Workers...
Report met with suspicion...
ROMNEY: Rate more like 11%...

SEPT. EMPLOYMENT: +114,000...
Aug. number revised to +142,000 -- from +96,000...
Welch: Obama manipulating numbers after debate performance... { There are some people (and their assessments) that you might dismiss as light-weight partisans… Jack Welch is not one of them! Indeed, among the rarest breed historically of exceptional american CEO’s, Welch points to the folly of preposterously a month before elections, on paltry/pathetic jobs numbers ( election year temp/part-time for manipulating stats along with the nebulous ‘stopped looking’ fudge factor) , following a disasterous debate showing (of wobama failure and incompetence), the unemployment rate falls to just below the ‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is tantamount to the obama 100% employment fantasy where literally everyone but him has stopped looking for work and hence, not counted in compiling the unemployment rate (and then those jobs in the millions lost and gone forever on his watch - what a banana republic!). Come on, wake up!: JACK WELCH: OBAMA IS MANIPULATING THE JOBS NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS AWFUL…UNBELIEVABLE JOBS NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T DEBATE SO CHANGE NUMBERS. }

Read more: http://www.businessinsider.com/jack-welch-obama-jobs-report-numbers-romney-2012-10#ixzz28QfCZ67d

JACK WELCH: Obama Is Manipulating The Jobs Numbers Because His Debate Performance Was Awful

Business Insider | Former GE CEO Jack Welch’s reaction to non-farm payrolls adding 114,000 new jobs in September and the unemployment rate falling to 7.8 percent. Welch: Obama manipulating numbers after debate performance... { There are some people (and their assessments) that you might dismiss as light-weight partisans… Jack Welch is not one of them! Indeed, among the rarest breed historically of exceptional american CEO’s, Welch points to the folly of preposterously a month before elections, on paltry/pathetic jobs numbers ( election year temp/part-time for manipulating stats along with the nebulous ‘stopped looking’ fudge factor) , following a disasterous debate showing (of wobama failure and incompetence), the unemployment rate falls to just below the ‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is tantamount to the obama 100% employment fantasy where literally everyone but him has stopped looking for work and hence, not counted in compiling the unemployment rate (and then those jobs in the millions lost and gone forever on his watch - what a banana republic!). Come on, wake up!: JACK WELCH: OBAMA IS MANIPULATING THE JOBS NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS AWFUL…UNBELIEVABLE JOBS NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T DEBATE SO CHANGE NUMBERS. }

Reason For Today’s Unemployment Rate Plunge: Part-Time Jobs For Economic Reasons Surge Most Since QE1 Announcement

Zero Hedge | We already noted the absolutely stunning surge in reported Household Survey jobs which “added” 873,000 jobs.

A Jobs Report Conspiracy?

http://theeconomiccollapseblog.com

http://albertpeia.com/jobreportcon.htm

{ Come on! People have to start calling a spade a spade! O’s just a typical incompetent, jive-talking b***s*** nigger! He is so pathetic and a total embarrassment! }

The following is a sampling of skeptical quotes about this jobs report....

Former GE chief Jack Welch

Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers

Chapwood Capital Investment Management Managing Partner Ed Butowsky

I feel like I’m watching a movie. There is no way in the world these numbers are accurate.

Neil Irwin of the Washington Post

"Weird that payrolls are exactly on forecast but household survey is far better."

Conn Carroll, senior editorial writer for the Washington Examiner

While it is highly improbable that BLS conspired to cook the books, there is still a huge 756,000 job gap between the number of jobs employers told the Labor Department they created in September (114k), and the number of Americans who told the labor department that they got new jobs (873k).

U.S. Representative Allen West

I agree with former GE CEO Jack Welch, Chicago style politics is at work here. Somehow by manipulation of data we are all of a sudden below 8 percent unemployment, a month from the Presidential election. This is Orwellian to say the least and representative of Saul Alinsky tactics from the book "Rules for Radicals"- a must read for all who want to know how the left strategize . Trust the Obama administration? Sure, and the spontaneous reaction to a video caused the death of our Ambassador......and pigs fly.

Gluskin Sheff's David Rosenberg

That the 7.8 percent jobless rate takes it to the level that prevailed when the President took office in January 2009 has raised many an eyebrow. I don't believe in conspiracy theories. But I don't believe in the Household Survey either. 

This notoriously volatile indicator has become even more so in recent months. It showed a 195K slide in July and a 119K decline in August, to only then reveal a massive 873K surge in September.

Radio host Laura Ingraham

"Jobs #s from Labor Secretary Hilda Solis are total pro-Obama propaganda--labor force participation rate at 30-yr low. Abysmal!"

Americans for Limited Government

"Either the Federal Reserve, which has its fingers on the pulse of every element of the economy, and the Bureau of Labor Statistics manufacturing survey report are grievously wrong or the number used to calculate the unemployment rate are wrong, or worse manipulated. Given that these numbers conveniently meet Obama's campaign promises one month before the election, the conclusions are obvious."

Rick Santelli of CNBC

"I told you they'd get it under 8 percent — they did! You can let America decide how they got there!"

Of course the backlash in the media against skepticism of the jobs report has been very forceful.

Already, those that are doubtful of the legitimacy of the jobs report are being called "truthers" - as if there is something wrong with wanting to know the truth.

Sadly, that is how things work these days.  If you don't like the viewpoint that some people are expressing, you just label them "conspiracy theorists".

And when someone is labeled a "conspiracy theorist", that is code for "that person is so crazy that you should not listen to anything they say".

But the truth is that we live in a world where often people do things that they are not supposed to be doing.

When something rather strange happens, it is not wrong to investigate and try to figure out what is going on.

And this jobs report seems very, very odd.

It sure does seem rather strange that the household survey is showing almost 8 times as many jobs created as the employer survey does.

It sure does seem rather strange that 873,000 more Americans were working in September (the largest increase in 29 years) after decreases in both July and August.

It sure does seem rather strange that the unemployment rate dropped under 8 percent at the exact moment when Barack Obama needed it the most.

But perhaps all of this is just a coincidence.

What do you think?’

{ JACK WELCH: Obama Is Manipulating The Jobs Numbers Because His Debate Performance Was Awful Business Insider | Former GE CEO Jack Welch’s reaction to non-farm payrolls adding 114,000 new jobs in September and the unemployment rate falling to 7.8 percent. Welch: Obama manipulating numbers after debate performance... { There are some people (and their assessments) that you might dismiss as light-weight partisans… Jack Welch is not one of them! Indeed, among the rarest breed historically of exceptional american CEO’s, Welch points to the folly of preposterously a month before elections, on paltry/pathetic jobs numbers ( election year temp/part-time for manipulating stats along with the nebulous ‘stopped looking’ fudge factor) , following a disasterous debate showing (of wobama failure and incompetence), the unemployment rate falls to just below the ‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is tantamount to the obama 100% employment fantasy where literally everyone but him has stopped looking for work and hence, not counted in compiling the unemployment rate (and then those jobs in the millions lost and gone forever on his watch - what a banana republic!). Come on, wake up!: JACK WELCH: OBAMA IS MANIPULATING THE JOBS NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS AWFUL…UNBELIEVABLE JOBS NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T DEBATE SO CHANGE NUMBERS. }

Will The Chinese Renminbi Replace The U.S. Dollar As The Primary Reserve Currency Of The World?

http://thetruthwins.com

http://albertpeia.com/whichcurrencythecomingdollarreplacement.htm

US Foodstamp Usage Rises To New Record High

ZeroHedge.com Submitted by Tyler Durden on 10/05/2012

While the 0.4% perfectly unmanipulated and totally coincidental swing in the unemployment rate in an Obama favorable direction one month before the election came at a prime time moment for the market, one hour ahead of the open, setting the market mood for the rest of the day (which despite all best efforts still closed red, valiant efforts by Simon Potter and the FRBNY's direct pipe to Citadel notwithstanding), there was one other, far more important data point released by the government's department of agriculture, sufficiently late after the market close to impact no risk assets. That data point of course was foodstamps (or the government's Supplemental Nutrition Assistance Program, aka SNAP), and we are confident that no readers will be surprised to learn that foodstamp usage for both persons and households, has jumped to a new all time record.... Finally, and putting it all into perspective, since December 2007, or the start of the Great Depression ver 2.0, the number of jobs lost is 4.5 million, while those added to foodstamps and disability rolls, has increased by a unprecedented 21 million.

On This Day In History, Gas Prices Have Never Been Higher (Again)

Submitted by Tyler Durden on 10/05/2012

While we are told to assume it is entirely transitory and speculation-driven, the price to drive your brand new GM Truck (leased for 30 years, interest-only via your EBT card) has never been higher. Do not worry though since this is only temporarily going to mean 'little Timmy' needs to go without food. As a Public Service Announcement, we have also estimated that the opportunity cost of every additional $1/gallon is just 16-20 $0.99 iGizmo apps you can do without for a week (but given sentiment surveys it would seem you do not need any further sedation).

Who Is Winning The Race To Debase?

Submitted by Tyler Durden on 10/05/2012

For nearly 30 years, two of the world's largest economic nations (China and the US) have continually debauched debased the purchasing power of their currency. For the last 12 years, the rest of the world joined in. So who is winning the race to debase now? It appears globalization was really all about currency debasement and exporting inflation (i.e. loss of FX value) with debt being the inflation buffer (i.e. borrow to afford or vendor-financing - see AMZN). The problem now is the entire world is saturated with debt and so there is no-one left to export inflation to anymore. We do indeed live in interesting times.

Bonds Down, Stocks Down, Gold Down, Oil Down, Jobs... Up?

Submitted by Tyler Durden on 10/05/2012

While Europe was ripping higher this morning, commodity prices were slipping quietly lower and Treasury prices higher as the USD was very modestly higher and US equity futures were treading water. The payroll print provided the fuel to pump us up to within a tick of the year's highs in the S&P, smashed the USD weaker, twanged Treasury yields higher and sent Financials and Materials zooming higher. Unable to break those record highs, stocks reversed as Energy (Oil was sliding once again) and Tech (AAPL) led them lower. Within a few hours we had retraced the entire NFP spike in FX and equity markets but Treasury yields kept pushing higher (30Y +14bps on the week). Gold closes green on the week while Oil/Silver/Copper were red as the AUD lost almost 2% against the USD and EUR gained 1%. AAPL tumbled 2%, closing below its 50DMA for its biggest 2-week slide in six months. VIX was jabbed under 14% briefly but ended fractionally lower on the day at 14.4% (-0.2vols). Equities and risk-assets disengaged today and equity's inability to manage a late-day ramp (and AAPL closing at lows) must be a little concerning for the cheerleaders.

Consumer Credit Soars As Uncle Sam Resumes Handing Out Billions In Student Loans With Reckless Abandon

Submitted by Tyler Durden on 10/05/2012

Following a major miss in July consumer credit which declined by $3.3 billion (since revised to a -$2.5 billion decline), it was only natural that August would be the opposite, and see a rebound over consensus. Sure enough, the August total consumer credit number came in at $2.73 trillion, an increase of $18.1 billion from last month, on expectations of an increase by $7.25 billion. Why did the number rise? Same reason as always: a government-funded pump into non-revolving (i.e., Student and Government motor loan) credit which soared by $14 billion while revolving credit posted a modest $4.2 billion increase unable to even offset the July decline. But in headline scanning algo news, this was the highest jump in post-revision (recall last month the Fed completely redid its consumer credit series data which is now useless for any analysis going back before December 2010). Yet oddly even with this massive pump the stock market has refused to rebound and instead is acting in a very odd fashion and the now traditional green color of stock moves has taken on an odd reddish hue that is unfamiliar to the current generation of traders.

The Strangest Number In Today's Jobs Number

Submitted by Tyler Durden on 10/05/2012

While we already presented the explanation for the dramatic drop in today's unemployment report (almost entirely driven by the surge in part-time jobs for economic reasons, hardly a thing to be proud of as more and more full time jobs, especially those on Wall Street, are a thing of the past, while the transition to a part-time worker society has been documented extensively in the past here), there is another number that is by far the most perplexing in today's NFP dataset: that showing the employment of workers in the 20-24 year age category (both seasonally adjusted and unadjusted). See if you can spot the outlier in the chart below.

10-4-12 Dave’s Daily: http://www.etfdigest.com ‘CENTRAL BANKS STILL IN CONTROL 10-4-12 From the FOMC Minutes we now know that policy makers are in full experimentation mode. There is division and the ability to establish benchmarks and an exit strategy are still a work in progress. This is our currency they’re messing with. Clearly the congress and successive administrations aren’t really overseeing policies as much as they pretend. The ECB’s Draghi held a press conference today announced no decision on interest rates and stated things were just okey-dokey in Spain and elsewhere. The ECB has purchased no sovereign debt yet or bonds from banks, and for all we know they never will. And, let’s not forget the obligatory restatement from Super Mario that “the euro is irreversible”. This you must take on face value. In the meantime Spain has stated it wants no part of any so-called bailout given politically unpalatable conditions. (Maybe they’ll just call it something else…snicker.) They, like others, wish to buy time by invading their Social Security trust fund. The U.S. congress knows how to do this too and we’re mighty proud to lead the way in this! Jobless Claims Thursday were about as expected (367K vs 370K expected & prior revised higher as usual to 363K from 358K). This data continues to be poor no matter the bullish spin. Factory Orders were weak (-5.2% vs .6% expected & prior 2.8%) so that’s a beat then sort of.  We’ll have Friday’s big employment report to look forward to and analysts are busy recalculating possible scenarios (consensus currently 113K jobs & rate still 8.1%). Then there’s that debate from last night which Romney won. One thing that did was lift coal stocks (KOL) since he touted it. Anyway, that was just round one with more to come in debates and then a lot of viciousness.The dollar (UUP) continues to drop allowing precious metals (GLD & SLV) to rally along with other commodities (DBC & USO) for example. Bonds (TLT) fell as stocks rallied. We forget stock bulls like the “weak dollar, strong stock” trade. It does fly in the face of one of the Fed’s dual mandates, “protect the purchasing power of the dollar”.For us we’re just lowly trend-followers—perhaps with an attitude—so we’re long markets no matter how we feel emotionally. After all this is my opportunity to rage at the machine all I want.So, as indicated, stocks rallied once again led by financials (XLF), miners (XME), healthcare (XLV) and energy (XLE) among other others.This will be another short posting given Friday’s potentially market moving employment report.Volume remained light before the report Friday but clearly bulls are enthusiastic regarding QE globally. Breadth per the WSJ was positive…’

After the debate debacle for Obama, we’ll find out if we have a race

Obama mocks Romney as ‘getting tough on Big Bird’ { Wow! Great point O. I bet that point wasn’t even teleprompted; strictly your own. Now people know why america’s going down so fast and furious! } Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. Obama: Biggest mistake too much perspiration, not enough inspiration [What total b***s***!] { Biggest mistake: too much b***s***, not enough substance; that’s reality, not spin! } White House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm } Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... [ Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against sending the DREAM Act to the Senate floor for full consideration. The bill would have created a path to citizenship for many young illegal immigrants brought to the United States as children. Last week, Obama announced plans to stop deporting illegal immigrants who would have qualified for the DREAM Act. The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama desperation hail mary’ that once again falls short. Indeed, as an investor, one analyzes earnings, projects prospective earnings over a 3-5 year horizon, and the quality of the earnings along macro economic factors which are affected by ‘political considerations’. Does anyone remember the honorable Ross Perot who warned of NAFTA’s effect on american jobs even as the democrat administration et als were hell-bent on passing same? Should Romney have breached his legal duty to shareholders and invested in companies with poor earnings prospects? After all, in the financial / security analysis step of projecting the income statement, prospective labor costs figure prominently in the bottomline. In sum, Romney took conditions as he found them, and made the prudent choices which as per his legal duty were optimal for those who put their trust in him. For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. ]
Will accept your birthday or anniversary gifts, too...

IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES (Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT (Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United States of America while Barack Obama is President.  The evidence is overwhelming:  everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed.  Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each.  Nearly 2-1/2 million fewer Americans have jobs than before the stimulus. Barack Obama has been President for 30 months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.  He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW.  His broken campaign promises are too numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!

Marc Faber & Jim Rogers On Our "Clueless, Ignorant, Dangerous" Leaders ZeroHedge.com While the discussions between these two legends varied from Phat Phong nightlife to Dow 30,000, and from China bullishness to AAPL bearishness, it was the conversation about the actions of Bernanke, and more importantly our political leaders that summed up perfectly the dreadful reality in which we find ourselves. The punchline: "It is very dangerous to have ignorant people believing that they know something." { Yes! I absolutely believe that this ‘punchline’ is both important and accurate but extends far beyond the realm of ‘political leaders’! } , Artemis Capital "Modern Financial Markets Are A Game Of Impossible Objects" { I’d say more simply that they’re just insanely criminal and require complete ablution by severe, substantial and numerous prosecutions, incarcerations, fines, and disgorgement of the ubiquitous fruits of their fraudulently criminal labor. There has never been as now such a total divorcement from all principles of finance/economics in favor of fraud at every level of society as facilitated by modern technologies invariably put to bad use in furtherance of the debilitating frauds. } , Iran Arrests Gang-Of-16 'Currency Manipulators' A gang of 16 shady individuals have been arrested by Iranian officials for allegedly smuggling currencies outside the banking network in order to increase the value of foreign currencies and to disturb the public. As CNN reports, amid the protests in the clip below, Iran says the 16 unidentified individuals "had used an atmosphere of psychological war created by the enemy" and colluded with "certain domestic and foreign groups" to exacerbate conditions. One of the accused, allegedly, had $300mm going through a bank account and "will be dealt with soon." Those arrested "were the main players in the recent fluctuations in the foreign currency market," the Tehran Judiciary said in a statement as the public panics over a 60% drop in its currency's purchasing power in the last few weeks. Of course, a 99% drop in the USD's purchasing power is acceptable to the US public since it has been achieved over a century or so...

ZNGA Zingered

Submitted by Tyler Durden on 10/04/2012

UPDATE: ZNGA re-opened -13%, now -16%

That foundation of social media monetization has just announced a cut to its outlook and plenty more. The stock is currently halted but its proxy FB is being sold after-hours...

*ZYNGA SEES YR BOOKING $1.085B TO $1.100B, SAW $1.15B-$1.225B

*ZYNGA 3Q PRELIM EST. $286.4M, SAW $300M-$305M,       :ZNGA US

*ZYNGA SEES YR ADJ EBITDA $147M-$162M, SAW $180M-$250M :ZNGA US

*ZYNGA 3Q PERLIM ADJ. BREAKEVEN-LOSS 1C; SAW BREAKEVEN

*ZYNGA CITES REDUCED EXPECTATIONS FOR `THE VILLE,' OTHERS

*ZYNGA SEES CHARGE ON INTANGIBLE ASSETS ACQUIRED ON OMGPOP

Who couldanode? Securitizing synthetic farms and paying huge premia for acquisitional growth wouldn't pay off? Is OMGPOP accepted as collateral at the ECB yet?

Guest Post: Explaining Hyperinflation

Submitted by Tyler Durden on 10/04/2012

The fact that naturally scarce currencies like gold do not hyperinflate — even in times of extreme economic stress — suggests that the underlying mechanism here is of an extreme exogenous event causing a severe drop in productivity. Governments then run the printing presses attempting to smooth over such problems — for instance in the Weimar Republic when workers in the occupied Ruhr region went on a general strike and the Weimar government continued to print money in order to pay them. While hyperinflation can in theory arise either out of either ?Q or ?M, government has no reason to inject a hyper-inflationary volume of money into an economy that still has access to global exports, that still produces sufficient levels of energy and agriculture to support its population, and that still has a functional infrastructure.  This means that the indicators for imminent hyperinflation are not economic so much as they are geopolitical — wars, trade breakdowns, energy crises, socio-political collapse, collapse in production, collapse in agriculture. While all such catastrophes have preexisting economic causes, a bad economic situation will not deteriorate into full-collapse and hyperinflation without a severe intervening physical breakdown.

Oil & Stocks Win As Bonds, USD, & AAPL Lose

Submitted by Tyler Durden on 10/04/2012

Threaky Thursday. Oil perfectly round-tripped its plunge from yesterday (ending back above $91.50) as Treasury yields caught 'up' to equity strength on the week. USD weakness was a one-way street of straight-line trend from 0500ET in EUR today - until the Fed minutes broke something. Gold and stocks continue their synchronized lift - though gold is still the clear winner post QEternity. Trannies outperformed again but the day-session in the Dow and the S&P were largely treading water - after the factory-order-driven stop run surge this morning. Meanwhile, all those front-running winners in MBS land have seemingly started to unwind - as mortgage spreads have retraced post-QEternity gains quite significantly (which is likely what helped Treasury yields higher today - though the convergence to risk also helped). The ubiquitous 3ET AAPL ramp was modestly front-run and epically failed as the stock-that-shall-not-be-named closed red with a $666 handle once again with some major volume at the close. VIX was solidly banged lower right at the close (coinciding with AAPL's high volume action) to end at 14.55 (down 0.88vols) in line with the S&P.

FOMC Minutes Reveal Nothing New

Submitted by Tyler Durden on 10/04/2012

Same members, same voters, same views, same tools:

*FOMC PARTICIPANTS SAW `SIGNIFICANT DOWNSIDE RISKS' TO GROWTH

*FOMC PARTICIPANTS SAW `PERSISTENT HEADWINDS' TO RECOVERY

*FOMC PARTICIPANTS SAW FISCAL POLICY AS A `DRAG' ON ECONOMY

*FOMC PARTICIPANTS SAID HOUSING MARKET IMPEDING RECOVERY

*FED OFFICIALS SAW MANAGEABLE BOND BUYING RISKS, MINUTES SHOW

Warnings That A Massive Stock Market Crash Is Imminent http://albertpeia.com/massivestockmarketcrashimminent.htm

China To Challenge US Dollar Reserve Currency Status

Gold Core | China is actively taking steps to phase out the US dollar.

U.S. Added More Debt Monday Than From 1776 Through Pearl Harbor

CNS News | The federal government added $93,245,605,914.16 to its debt on Oct. 1, the first day of fiscal 2013.

10-3-12 Warnings That A Massive Stock Market Crash Is Imminent http://albertpeia.com/massivestockmarketcrashimminent.htm , Dave’s Daily: http://www.etfdigest.com ‘PATIENCE IS THE OPERATIVE WORD 10-3-12 You really have to be careful now. Bernanke’s high wire act has no guarantee of success. At the same time it’s worked before to drive up stock prices. This seems to be what his main objective is and confirmed as it were by Bloomberg. But how many times can you go to the well with this stuff? That’s the question. Stocks are trying to rise and are dueling with poor economic data from China and the eurozone not to mention what should be poor upcoming earnings news.Hewlett-Packard (HPQ) warned today earnings as the overall PC business is in trouble with weak demand.Economic data from the U.S. included ISM Services data (55.1 vs 53.5 expected & prior 53.7). Comically the person responsible (Nieves) at ISM said “hard to pinpoint the reason for the gain in the index.” Embedded within the data were higher prices paid and the employment component weakened (51.5 vs prior 53.8). The usually unreliable ADP Employment Report rose (162K vs 140K expected & prior revised lower to 189K vs 201K). Investors found the data overall less than thrilling but let’s face it QE3 rules for now.Thursday is Jobless Claims again and then Friday’s all-important Employment Report. Also we’ll see what impact if any the first presidential debate provided. 

In commodity markets oil (USO) plunged, not so much on inventory issues as was feared, but more about future demand prospects. (Crude Oil Inventories -.5M BBLs vs -2.4M BBLs previously) doesn’t mean there’s a build in inventories particularly.In other news it was reported that Chelsea Clinton has left her job on Wall Street { Difficult to imagine with bill and hill her endowing (genetically) parents, but I personally think she is a good person and couldn’t possibly imagine wall street as a suitable place for her; even to get ‘her feet wet’. } to search for more meaning in her no doubt wretched life. Me? I’m more interested in Monica Lewinsky’s forthcoming tell all. Yeah, I’m feeling like a rascal today.Stocks were led higher by Biotech (IBB) where earnings aren’t the driving force, transportation (IYT) with energy lower, financials (XLF) and healthcare which may benefit from an Obama win. Bonds (TLT) were flat while the dollar (UUP) was slightly higher. Commodities (DBC) tumbled with weak energy markets but gold (GLD) remained firm and near resistance levels. Given what’s ahead and ordinary market action this will be another short post.Volume remained quite light as investors seem tense before employment data, debate and then earnings. Breadth per the WSJ was again unremarkable…’ , Fed's Latest Easing Has Little Impact -- Out of Bullets (As Predicted By Many, including Graham Summers, all of whom among others assert the severe inflationary impact of the misguided over-printing/creating/fiat currency and ‘weimar effect’)? Marketwatch Headlines for 10-3 http://albertpeia.com/marketwatchheads10312.htm , Obama Contract Slides On InTrade ZeroHedge.com The first debate is still in progress, but the habitual gamblers who have a compulsion to bet all the time 24/7 on event outcomes have already spoken via their favorite venue InTrade, and the initial reaction is not favorable for the incumbent…’ , First Obama vs Romney Presidential Debate - Live Webcast , ‘…the first of many presidential debates will begin, whose ultimate goal will be to validate in the minds of those 47% or so (aka the very loud minority) who intend to vote for the next president, that they have made the right choice. They haven't (for the reason, or rather 16,171,037,343,409 reasons, see here: neither candidate {now} can do anything at all to prevent the debt crisis iceberg that America is careening into full speed, and which nobody {I did!} could have foreseen). .. , 4 Years After TARP - Winners, Losers, Bubbles, And Troubles , Fed Confused Reality Doesn't Conform To Its Economic Models, Shocked Its Models Predict "Explosive Inflation" , Complete Fed Failure: Retail Investors Pull Out Most From Domestic Equity Funds In Two Months Just as we had suspected for months, Bernanke's attempt to herd cats and to drive retail investors into equities is now a complete and unmitigated catastrophe. According to just released ICI data, in the week ended September 26, the second full week after the announcement of QE3, retail investors pulled $5.1 billion from domestic equity funds, following a massive $4.8 billion outflow the week prior, and the most in 2 months. This is also the sixth largest weekly outflow in 2012 to date, a year in which over $100 billion has already been pulled from equity mutual funds. And since we now know that Bernanke's only motive for QE3 is to stimulate a wealth effect and to push everyone into the broken casino, where such trading farces as Kraft's flash smash today, as Knight Capital's implosion a month ago, and FaceBook's IPO, not to mention the virtually daily Flash Crash in at least one name, have killed every last shred of faith in equities, it can be safely said that QE3 has failed three short weeks after being launched. As to where the money did go: why taxable bonds of course - not even the "dumb money" is that dumb to go where the Fed tells it to, and instead merely does what the Fed does: it keeps on frontrunning the Fed's monetization of the US deficit, which is now going on for the 3rd year in a row… , NY Mass Transit Fares Will Rise 35% From 2007 To 2015, And Surge From There , David Rosenberg: "RIP Wealth Effect" So the Fed is pinning its hopes on stimulating the economy via the wealth effect again, as it did when it revived the post-tech-wreck asset bubble in housing and credit in that now infamous 2003-07 period of radical excess. But here's the rub. While there is a wealth effect on spending, the correlation going back to 1952 is only 57%. But the correlation between spending and after-tax personal incomes is more like 75%. The impact is leagues apart. And that is the problem here, as we saw real disposable personal income decline 0.3% in August for the largest setback of the year. The QE2 trend of 1.7% is about half the 3.2% trend that was in place at the time of 0E2. Not only that, but the personal savings rate is too low to kick-start spending, even if the Fed is successful in generating significant asset price inflation. The savings rate now is at a mere 3.7%, whereas it was 6% at the time of QE1 back in 2009 and over 5% at the time of QE2 2010 — in other words, there is less pent-up demand right now and a much greater need to rebuild rather than draw down the personal savings rate. , About That Money On The Sidelines: It's "All In" Despite being told again and again by any-and-every commission-taker and newsletter-vendor that sentiment is terrible, managers will need to high-beta performance-chase, and the 'money-on-the-sidelines' is just around the corner; it appears that reality is different. The Net Long Interest in S&P 500 Futures (the most liquid equity trading vehicle in the world) is now at its highest since December 2008. The last time investors were this 'net long', the S&P 500 fell over 25% in the next two months. , Kyle Bass On The Federal Budget: "I Don't Know How To Fix This" Hayman Capital's Kyle Bass is back and cutting through the caustic bullshit that surrounds every waking moment in this kick-the-can world. Dispelling the myth of our 'deleveraging' virtue, with global debt having grown from $80tn to over $200tn in the last ten years alone (a 10.7% CAGR) and the frightening reality of central bank balance sheet growth of 16% per annum, Bass concludes (rightly) that "you can't do this for very long" as governments infinitely leverage and central banks have begun the endgame of open-ended money-printing. Addressing the question of timing, Bass notes that while Europe and Japan are 'perceived' to be 'staying together' there are in fact devastating losses occurring (ask Greek bond-holders) and he firmly believes that "Germany will never go joint-and-several with the rest of Europe." The world sits at a place it has never been before in peace-time - as far as global debt balances and deficits - and that is why the global investing playbook is so hard. He goes on to address hyper-levered economies, delayed inflationary outcomes, and worries that the cost-push (lower GDP, higher CPI) prints are just beginning in Europe. As a fiduciary, and something all investors should consider, Bass states "Given what we see coming, our job is not to lose money!" , Does Stimulus Spending Work? As we patiently await tonight's much-anticipated debate - and its zinger-ful diatribe of tax, spend, save, borrow, jobs, jobs, jobs word bingo - we thought this perfectly succinct clip dismissing the myth of how government stimulus leads to economic growth was particularly pertinent. Professor Antony Davies provides evidence, via empirical data from 1955, that there is no connection between federal spending and economic improvement - and as we have repeatedly noted - it merely adds to government debt. From the 'magic' of the Keynesian multiplier to the eyes-wide-shut view of spending creating jobs while ignoring the taxing-borrowing-printing nature of that spending. Government doesn't create jobs, it 'moves' jobs; as three years of stimulus spending has left us with ~8% unemployment and $4.6tn more debt. , 'Mugabenomics' From Zimbabwe To The UK - "Gold Is Good" In a post entitled 'Mugabenomics: Inflation in UK Higher than in Zimbabwe,' Guido Fawkes points out how the Liberal Democrats Vince Cable once warned that Quantitative Easing (QE) was “Mugabenomics.”, IMF Brings Good Tidings: Prepare For Another Lost Decade "It will surely take at least a decade... for the world economy to get back to decent shape" is the somewhat shockingly honest (and at the same time hopeful that ECOpocalypse does not happen before) outlook that the IMF's Olivier Blanchard offers in a recent interview with Hungary's Portfolio.ru via Reuters. , Guest Post: It's Not America Anymore Those who rally behind the modern concept of America rally behind a façade — an empty shell devoid of the heart and soul that gave life to this once great experiment. It is time for us to decide what kind of Americans we wish to be: the deluded rah-rah puppets of a desiccated totalitarian society, or the watchmen on the wall. Will we be the keepers and protectors of the vital core of the American identity, or will we be fly-by-night consumers of the flavor-of-the-day political carnival, eating every tainted sample from the elitist platter in an insane attempt to replace our free heritage with a sleek, sexy, rehashed form of top-down feudalism?

Ultraluxury NY Real Estate Market Cracking As Legendary 740 Park Duplex Sells 45% Below Original Asking Price Even as the media desperately tries to whip everyone into a buying frenzy in an attempt to rekindle the second housing bubble, the marginal, and less than pretty truth, is finally starting to emerge. Over the weekend we presented the first major red flag about the state of the housing market - in this case commercial - when we exposed that "New York's Ultraluxury Office Vacancy Rate Jumps To Two Year High As Financial Firms Brace For Impact." What is left unsaid here is that if demand for rents is low, then, well, demand for rents is low: hardly the stuff housing market recoveries are made of. Today, on the residential side, CNBC's Diana Olick adds to this bleak picture with "Apartment Demand Ebbs as ‘Avalanche’ of New Units Open." In other words rental demand for both commercial and resi properties is imploding. But at least there is always owning. Well, no. As we have shown, the foreclosure, aka distressed, market is dead, courtesy of the complete collapse in the foreclosure pipeline as banks are effectively subsidizing the upper end of the housing market by keeping all the low end inventory on their books (who doesn't love the smell of $1.6 trillion in fungible excess reserves to plug capital holes in the morning. It smells like crony capitalism). But at least the ultra luxury, aka money laundering market was chugging along at a healthy pace. After all there are billions in freefloating dollars that need to be grounded in the US, courtesy of the NAR which is always happy to look the other way, another issue we discussed this weekend. Now even that market appears to be cracking, following the purchase of a duplex in New York's most iconic property: 740 Park, by, who else but a former Goldman partner, at a whopping 45% off the original asking price.

Patriots And Christians Have Been Repeatedly Labeled As Potential Terrorists Since Obama Became President

http://thetruthwins.com

http://albertpeia.com/christianspatriotsobamasterrorists.htm

10-2-12 Dave’s Daily: http://www.etfdigest.com ‘TURNAROUND TUESDAY 10-2-12 The eurozone sector was higher today for no particular reason. In fact Moody’sasserted late yesterday the much heralded beat for the Spanish bank stress tests was a dud from their view. Instead of €53.7 billion needed it was more like €105 billion that is needed. But that didn’t seem to bother euro stock bulls much even as Spain stated they would not be seeking a bailout soon. Bonds in Spain rallied in price showing the lack of respect many rating agencies receive nowadays. Bottom line for me with Spain et al: “Get. It. Over With!” Meanwhile U.S. markets jumped early and then faded again late as investors fret about the upcoming earnings season. There’s also plenty of employment news with ADP data Wednesday, Jobless Claims Thursday and the big employment report Friday. We also have the first presidential debate outcome which might offer some clarity. Earnings estimates have been reduced sharply. This generally allows for earnings beats that get stocks jumping higher. It’s all part of the games analysts and their corporate counterparts play on Wall Street.Stock markets were program driven throughout the day in two-way action. These are easily spotted on the 5 minute SPY chart below. Tech bounced back mildly on the session. The dollar (UUP) was slightly weaker, gold (GLD) seems stuck and needing a news boost, commodities (DBC) were mixed and bonds were flat.In ETF news Vanguard announced it will be severing links to MSCI indexes and naturally this hit MSCI stock hard today. This is just another aspect of the ongoing fee wars taking place in the ETF space. Vanguard won’t be doing this abruptly but over a period of time. It’s going to potentially screw up charting depending how in sync the new indexes from FTSE and others will be. Let’s remember, many indexes in various categories are quite repetitive so perhaps the transition will be hard to notice. Given the action and results this post will be short.Volume was once again light and breadth per the WSJ was unremarkable…’ , Americans May Be Getting Poorer, But At Least We Are Getting Fatter And Sicker http://albertpeia.com/americanspoorerfattersicker.htm , The Last Housing Crash Is Not Even Over But Bernanke Is Already Setting The Stage For The Next One http://albertpeia.com/bernankesnexthousingcrash.htm , Why You Should Be VERY Afraid of Inflation http://albertpeia.com/fearthebighyperinflationcoming.htm , Eric Sprott: Do Western Central Banks Have Any Gold Left? ZeroHedg.com , European Banks (Insanely) Still Treat Their Sovereign Debt Holdings As Risk-Free, BIS Finds , US Debt Soars To $16,159,487,013,300.35, +$93 Billion; Or How To Kick Off Fiscal 2013 With A Bang , Guest Post: Eight Signs The System Is Broken , Dancing On The Grave Of Keynesianism The problem we are going to face at some point as a nation and in fact as a civilization is this: there is no well-developed economic theory inside the corridors of power that will explain to the administrators of a failed system what they should do after the system collapses. This was true in the Eastern bloc in 1991. There was no plan of action, no program of institutional reform. This is true in banking. This is true in politics. This is true in every aspect of the welfare-warfare state. The people at the top are going to be presiding over a complete disaster, and they will not be able to admit to themselves or anybody else that their system is what produced the disaster. So, they will not make fundamental changes. They will not restructure the system, by decentralizing power, and by drastically reducing government spending. They will be forced to decentralize by the collapsed capital markets. The welfare-warfare state, Keynesian economics, and the Council on Foreign Relations are going to suffer major defeats when the economic system finally goes down. The system will go down… , This Is Why High Frequency Trading Will Never Go Away In April of 2009 we warned very explicitly that reliance on the fake "liquidity" (which was never liquidity per se but merely volume and churn) by the HFT algos that stuff quotes, frontrun each other, spoof, layer, and generally make a mockery out of the thing fomerly known as the market (which is now more than anything a policy vehicle for central planners but that's a different story) would result in tears. A year later the first flash crash happened, and ever since then more and more people have finally realized how our 3+ year long crusade against HFT (which sadly is now a minor distraction against the far greater evil which is central bank dominance of capital markets) was spot on, confirmed by the recent segments (here, here and here) on CNBC which effectively confirmed the markets are not only a joke, but without any real depth, i.e. fake. What is amusing is that people still don't understand why the exchanges, and the regulators (coopted by the exchanges) allow HFT to continue. Here is the answer: in 2011 the CME made 31.5% of all its revenues from HFT, the ICE: 25.1%, the NYSE: 21.4%, the Nasdaq: 17.1%, the CBOE: 22.4%, and so on. , From Currency Debasement To Social Collapse: 4 Case Studies , China Just Killed All "China Bails Out Europe" Rumors For Good , GM September Sales Miss; Channel Stuffing Resumes , The Disconnect Remains; Contracting PMIs Imply Dramatic Q4 Losses For Global Stocks

Guest Post: The Real Reason Behind War The conventional validation for perpetual war in the Middle East does not hold when looked at rationally.  When the ideas of nationalism and statist glory are wiped away, the state appears as it really is: institutionalized exploitation of the masses by the few.  The undertaking of war masks this reality for a short period while accelerating the pace at which liberty is stripped away.  In the end, wars are waged to fulfill the sadistic desires of government leaders and to give them an opening to tighten their grip on society.  The parasitic class which makes up the state doesn’t just war with other states; it conducts war against the citizens it claims to protect.

The ECB – EUR22 Trillion Is Missing Zero Hedge | Think of it; twenty-two trillion dollars worth of assets and liabilities and accounted for nowhere.

Via Mark J. Grant, author of Out of the Box,

The ECB: The Missing Assets/Liabilities

“To treat your facts with imagination is one thing, but to imagine your facts is another.”

-John Burroughs

Yesterday I published the assets/liabilities of the European Central Bank as provided by them. I provided some analysis that I thought was relevant as I also asked all of you to look at the numbers yourself. To be quite open; I was stunned by the data they provided and shocked by the implications. I had not seen the data in any other source or commented about by anyone and the subject, while admittedly complex, and perhaps made more complex by design, is a huge wake-up call for anyone investing in Europe.

The ECB lists, as of the end of the 1st quarter of 2012, 16.304 trillion Euros ($ 21.032 trillion) in assets and 17.334 trillion Euros ($22.631 trillion) in liabilities. It is right there in black and white as I showed in the ECB provided data that I presented yesterday. However when you get to their consolidated balance sheet you find the numbers they bandy about in public to be a ledger of 3.240 trillion Euros ($4.00 trillion) and you catch your breath and pause. Utilizing normal American accounting practices this variance would be impossible and yet here it is; staring us all right in the face.

“Europe has put a ‘stop payment’ on our reality check!”

-The Wizard

I can report that I did hear from a number of large institutions yesterday that also looked at the numbers themselves and were stunned. Conversations were held, questions were asked and I think an accurate summation of the conversations was that everyone was in some state or another of astonishment. The numbers were not my numbers after all and while many good issues were raised in terms of how to properly analyze the data that was presented there was a clear sense that we were being duped by the European Central Bank and played for suckers.

“Reality is the leading cause of stress amongst those in touch with it.”

-Jane Wagner

Forget that the liabilities are greater than the assets and forget that that both have increased rather appreciably in the last several years and just concentrate on the size of the numbers presented and then ask the central questions; who is responsible for these assets and liabilities and where are they counted? We know that they are not counted at the ECB as they are not a part of their consolidated balance sheet. You may ask how this is possible and I re-print, once again, the applicable note from the ECB:

“Recognition of assets and liabilities

An asset or liability is only recognized in the Balance Sheet when it is probable that any associated future economic benefit will flow to or from the ECB, substantially all of the associated risks and rewards have been transferred to the ECB, and the cost or value of the asset or the amount of the obligation can be measured reliably.”

So there is the rationale, like it or not, but then where are these assets/liabilities counted? We are talking about $21.032 trillion in assets here and $22.631 trillion in liabilities which are larger numbers that all of the GDP of Europe. We can surmise that the ECB does not count these loans, securitizations and collateral as they belong to a given nation or a bank guaranteed by the nation or the securitization is guaranteed by some country but the rub is the country doesn’t count them either. When a European nation reports out its debt to GDP ratio I knew that they did not count contingent liabilities and I knew that government backed bank bonds were not included and I knew that regional debt guaranteed by the government was not included but this, and the sheer size of it, had lain underneath everyone’s radar.

Think of it; twenty-two trillion dollars worth of assets and liabilities and accounted for nowhere. No need to worry anymore about Target2; a mere tuppence at one trillion dollars, a decimal point. Just exactly what these assets and liabilities might be is anyone’s guess. Just which nations generated them is also anyone’s guess as no data or explanation is provided. Just what any country’s real debt to GDP ratio might be if these assets/liabilities were included in the equation is also anyone’s guess but I think it is safe to assume that the numbers would be off the charts; far off the charts.

“Illusions commend themselves to us because they save us pain and allow us to enjoy pleasure instead. We must therefore accept it without complaint when they sometimes collide with a bit of reality against which they are dashed to pieces.”

-Sigmund Freud

You know, these are not blue fairies or gnomes or elves that have gone missing. These are twenty-two trillion dollars ($22 trillion) of loans and securitizations and mortgages that are found and accountable for by no one. These are real assets and real liabilities that have been turned into cash by the ECB and it causes me to wonder just how accurate the Money Supply numbers are for Europe with this amount of cash being pumped into the system. I also wonder what anyone’s real balance sheet looks like and I wonder what kinds of losses are being incurred and by whom. To be quite forthright, and in my opinion, this seems to me not just the rigging of the game or the gaming of the system but something far past that; something out beyond the realm of the credible and of real world experiences.

This is what we are investing in when we buy European bonds? This is where we are putting our client’s money? I don’t know; they may have gone mad but I have not.

Have you?

“An error does not become truth by reason of multiplied propagation, nor does truth become error because nobody sees it.”

-Mahatma Gandhi

10-1-12 The Federal Reserve Sends Thank You Letters To Congress For Letting Them Destroy Our Economy In Secret http://alberpeia.com/feddestroyingeconomy.htm , Time to reap gains and hedge positions Marketwatch ‘it is time to take profits’, Dave’s Daily: http://www.etfdigest.com ‘IRRATIONAL EXUBERANCE DOESN’T LAST 10-1-12 In the eurozone Monday it was revealed that €59 billion was less than €62 billion expected and needed from the Spanish bank stress tests. Further, unemployment in the eurozone soared to a record 11.4% and corporate earnings estimates were lowered by 52%. All this was seen as bullish prompting innovative spin such as Nicholas Spiro, managing director of Spiro Sovereign Strategy in London asserted: “Although the political and economic situation in Spain is extremely precarious, and manufacturing and labor market conditions across Europe remain bleak, investors are taking comfort from the fact that things could be worse.” So, when a reporter calls you for a comment, and clients may be aware, try some nonsense to dazzle them.There was some good news from the ISM Mfg Survey (51.5 vs 49.7 expected & prior 49.6) which was the first increase in months. The PMI Mfg Index was more sobering (51.1 vs 51.5 previous) and Construction Spending was weaker (-.6% vs .6% expected & prior revised to -.4%). The ISM is one of the more important indicators and bulls ran with it recanting the previous theme, “bad news is good, good news is better”. So there’s better data they think and QE3 provides the safety put bulls love.Bernanke was speaking today and touted the Fed’s QE3 program as a good strategy to cure high unemployment. This is hard to understand since all previous QE attempts have failed to budge unemployment much. He also stated the inflation would remain low for a long period. This also doesn’t square with what most folks are paying for food, energy and healthcare. But, perhaps he and Mrs. Bernanke don’t need to shop for food, have the government limo to escort them about and most night’s out for food are taxpayer funded. Bernanke also surprisingly stated that stimulus (QE) would be kept in place even after the economy gains strength. He argued that Milton Friedman would be approving of what the Fed was doing. This definitely does not agree with Anna Schwartz who co-wrote with Friedman the famous “A Monetary History of the United States”.  She criticized Bernanke & Co policies before passing away this June. “It’s like the only lesson the Federal Reserve took from the Great Depression was to flood the market with liquidity,” she told an interviewer in 2008. “Well, it isn’t working.” And, as to bailing out banks she called them “rogue operations”.So stocks rallied sharply out of the gate and were turbo-charged after the ISM data at 10 AM. Early gains were led by materials (XLB) and the industrial (XLI) sectors. As the day wore on enthusiasm waned led primarily by tech (XLK) which never really joined much of the rally. Gold (GLD) hit new 2012 highs intraday but also saw gains fade late. The dollar (UUP) was flat as were commodities overall. Bonds (TLT) were stronger.Volume was modest and breadth per the WSJ was positive…’ , Where We Are and Where We’re Going (10-1-12) http://albertpeia.com/fedroadtoperdition.htm , Guest Post: The Global Spring ZeroHedge.com ‘…Whether it was the intention from the outset or not, what globalization has created is a very small class of incredibly wealthy people that are extraordinarily corrupt as a group and also above the law. The writing is on the wall folks.  The global economy is headed back down into depths that will prove worse than 2008, and this time no amount of money printing and propaganda will be enough to hold things together.  TPTB know this. What we have today is not Socialism or Capitalism, it is Ponzism. , Australian Government 'Finds' Extra $338bn Assets (But No Unicorns Yet) In what could easily be a Friday Humor post, Reuters reports that the Aussie government's statisticians, taking a page out of the German's 'creative' accounting book, have found an additional $338bn of assets for the nation. 'Cheers' all around as the Australian Bureau of Statistics (and Lies) revised household wealth up by AUD14,380 for every one of the country's 22.6 million people - as new estimates of unlisted shares and other equity pushed the nation's total financial assets to AUD3.1tn (compared to an originally reported AUD2.77tn. As the miners from down-under continue to struggle against a fading China, this miraculous 'find' has dropped the ratio of debt to liquid assets from a worrisome 170.1% to a meager 129.1%. Rumors are circulating that the ABS is now looking for the ark of the covenant, the philosopher's stone, and Shangri-La. , Guest Post: Lacy Hunt: "No Increase in Standard of Living Since 1997" , JPMorgan Sued By NY AG Over "Shit-Breathing" Bear Stearns RMBS Fraud NY Attorney General Eric Schneiderman is suing JPMorgan over "multiple fraudulent and deceptive acts" in selling mortgage-backed securities causing losses of over $20bn. The suit appears to be related to conduct at Bear Stearns and is on the back of the monoline insurer lawsuits, and whistleblower affidavits such as the following:

In connection with the Bear Stearns Second Lien Trust 2007-1 (“BSSLT 2007- 1”) securitization, for example, one Bear Stearns executive asked whether the securitization was a “going out of business sale” and expressed a desire to “close this dog.” In another internal email, the SACO 2006-8 securitization was referred to as a “SACK OF SHIT” and a “shit breather.”

While we hope this would effectuate some real change, the likelihood is that it will at best result in a $300mm civil-lawsuit slap-on-the-wrists and brownie points for Schneiderman while nothing changes. , Presenting Spain's Economic Collapse In Context , Guest Post: China's Broken Growth Model , Fed's 'Trickle-Down' Policy Lines Pockets Of Mortgage Originators , Venture C(r)apital: Myth And Reality ‘…Venture capital (VC) has delivered poor returns for more than a decade. VC returns haven’t significantly outperformed the public market since the late 1990s, and, since 1997, less cash has been returned to investors than has been invested in VC. Speculation among industry insiders is that the VC model is broken…’ , Ben Bernanke Just Told A Massive Lie About Milton Friedman Ben Bernanke is so desperate to find support regarding his steal from the poor and give to the 0.01% policies he is now telling blatant lies about famous, dead economists that can’t refute what he says.  In this case Milton Friedman.  In his Q&A today, The Bernank claimed: BERNANKE: MILTON FRIEDMAN WOULD HAVE SUPPORTED WHAT FED DOING Well I suppose it’s easy to make things up about people that can’t claim otherwise, but he made a big mistake this time.  Why?  Because Anna Schwartz, who co-wrote the famous work “A Monetary History of the United States” with Milton Friedman in 1963, actually came on the record on several occasions calling out The Bernank and saying there’s no way Friedman would agree.  The sad part about this is it seems Bernanke waited until Schwartz died to really start spewing the lies.  This guy is not only dangerous he is despicable and increasingly desperate… Don’t take it from me though, back in October 2008 Anna Schwartz had this to say in the Wall Street Journal.

Guest Post: The 71%

Submitted by Tyler Durden on 10/01/2012

According to a recent CNN poll, 60% of Americans want go to war with Iran to prevent them from getting nuclear weapons. This in spite of the fact that the US intelligence community is fairy unanimous that Iran is not even currently pursuing nuclear weapons. Simultaneously 71% of Americans — in total contradiction to the evidence recognised by both the CIA and Mossad that Iran is not currently even developing a nuclear weapon — believe that Iran currently has nuclear weapons. Unlike the 71%, I’m not really convinced by this — if anything, it could be Iranian disinformation to try and avoid an American or Israeli attack. More importantly, the US and Israeli intelligence community at large don’t buy it. If they had any real evidence that Iran had a bomb today, Netanyahu would have been presenting it at the UN instead of drawing red lines on Wile E. Coyote bomb diagrams.

Santelli On QEternity: "Deflation Vacation Or Inflation Gestation"

Submitted by Tyler Durden on 10/01/2012

With gold being horded in Iran and hitting 2012 highs this morning, CNBC's Rick Santelli addresses the 800lb gorilla in the Fed's room - the threat of inflation. Critically noting that the hyperinflation of Weimar Germany "did not happen overnight" but was gestated quietly until it was unstoppable by currency debasement; the question remains of what exactly the Fed thinks it is doing. Santelli makes the important point that if we look at 'printing money' as any type of solution then why not take it to the extreme - "if we just print a million dollars for every man, woman and child and handed it to them, wouldn't that fix everything?" As he adds "if it was that easy there would be no need for economist, no need for even CNBC, but it isn't that easy," Reflecting on Evans' earlier inability to quantify any metrics for whether QEternity was working, Santelli notes that the Fed man falls back to 'confidence' (animal spirits) but worries that inflation is a lot like soybeans; need sun, water, and time but eventually will grow rapidly. , European September Car Sales Datapoints

Submitted by Tyler Durden on 10/01/2012

Because the horse and buggy is the new normal car:

FIAT ITALY NEW CAR SALES FALL 24% IN SEPT

FRENCH CAR SALES FALL 18.3% IN SEPTEMBER, DOWN 13.9% THROUGH SEPTEMBER

PORTUGUESE LIGHT VEHICLE SALES DROP 42% THROUGH SEPTEMBER

This is what happens when you don't take advantage of US, Chinese, or for that matter Global channel stuffing. It is, for now, unclear if Mario Draghi's monetization of 1-4 cylinder Fiats is forbidden by Article 123. , Euro-Zone 'Misery' Has Never Been Higher

MiND oF a KeYNeSiaN

http://albertpeia.com/catsareamazing.htm

Posted by : williambanzai7 Post date: 10/01/2012 - 15:53 Cats can now walk on the ceiling...

Cats can now walk on the ceiling
The masses will find this appealing
And with this distraction
Keynes flew into action
To stimulate Kleptocrat stealing

The Limerick King

The morons who venerate Keynes
Have somewhat remarkable brains
Instead of IQ
It's loaded with goo
That runs out whenever it rains

The Limerick King

Benny has seen better days
Gone are his Keynesian ways
After the crash
He only had cash
He's now hoping charity pays

The Limerick King

9-28-12 Dave’s Daily: http://www.etfdigest.com ‘QUARTER ENDS WITH A WHIMPER 9-28-12 The troubles in Spain continue as the government tries to pull money from their Social Security fund to buy some time through early November. The bank stress tests there revealed a need for $60 billion in bailout funds. The citizenry are still unhappy. When we lived in South America it was common for business there to be done in cash because no one (capitalists, socialists and communists alike) wanted to pay any tax period. When queried about this they’d just say it was part of their Spanish heritage. If you used plastic for any purchases the bill would be increased by over 10%, not for the card transaction, but more so due to taxes. The government then had no recourse except to impose import duties which was the only reliable way they could operate the country. So the culture of demanding benefits without any willingness to pay for them is the problem. The U.S. administration complains a similar problem but the country has an all too sophisticated system of collection which defeats the Spanish problems. That said, we have our own issues naturally. U.S. economic data continues to disappoint. Personal Income didn’t meet expectations (.1% vs .2% expected & prior .1%); Consumer Spending rose (.5% vs .5% expected & prior .4%) meaning less income and more spending; the always entertaining PCE rose (.4% vs .5% expected & prior 0%); the comical “core” PCE (1.5% vs 1.3%) which is that food and energy we don’t use (wink, wink); the Chicago PMI fell (49.7 vs 53 expected & prior 53) but within the data employment was at a 2.5 year low and prices paid was 63.2 vs 57 previously; and, U of Mich. Consumer Sentiment fell (78.3 vs 79 expected & prior 79.2). Taken together the data prompted more “recession” talk. QE3 or 4 would certainly fix all that…certainly. So the little light volume rally from Thursday, which also featured horrific data, was undone and all markets reversed course once again. Once again it seems investor complacency is just too high that poor economic data will reverse, the eurozone problems will be resolved and the fiscal cliff will be avoided. A stronger dollar which may present itself at any point will hurt forward earnings. Nike (NKE) earnings and outlook hit the stock hard but dollar valuation wasn’t a factor. Earnings season begins in earnest early next month and large disappointments can cause PE multiples to contract quickly. Then there’s the election with results currently a coin toss. In 1980 Carter had the lead over Reagan with as poor a record as Obama but the debates sealed the deal for him. It’s impossible to predict the next quarter but portfolio managers did make their quarterly bonuses so they’re in good shape for now. They might do well to save it for the Holidays. The dollar (UUP) was stronger once again; gold (GLD) weaker; stocks (SPY) weaker; bonds (IEF) stronger; and commodities (DBC) overall were also weak. Volume was again increased on selling even as the markets attempted to halve early losses. Breadth per the WSJ was negative…’ , 1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm { Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive niggers; and non-niggers should be outraged! } While most of America is suffering through one the worst economic downturns in U.S. history, the Obamas are living the high life at your expense.  During 2011, U.S. taxpayers spent an astounding 1.4 billion dollars on the Obamas.  Meanwhile, British taxpayers only spent 57.8 million dollars on the entire royal family.  Does anyone else see something wrong with this picture?  So where did the 1.4 billion dollars go?  That money paid the salaries of their staff members, it paid for their transportation and housing costs, it paid for entertainment and vacations for the Obamas, and $102,000 was even spent on a "dog handler" for the family dog Bo.  In his new book entitled "Presidential Perks Gone Royal: Your Taxes Are Being Used For Obama's Re-election", author Robert Keith Gray reveals some absolutely shocking details about the enormous amounts of U.S. taxpayer money that are being…’ , Proof Positive Than Central Banks and Central Planning Fail http://albertpeia.htm/proofofcentralbankplanningfailure.htm ‘Regarding the recent Central Bank coordinated intervention, the key take-away point is that the ECB and US Federal Reserve attempted “shock and awe” tactics with their latest announcements by throwing out words such as “unlimited” and “open-ended.”The implication here was that the Central Banks would do everything they could to prop up the financial markets. However, as has been the case with every Central Bank intervention, there are unintended consequences (ie., inflation, stagflation, etc.). The first unintended consequence concerns the fact that both programs are essentially a form of “intervention to infinite.” The problem with this is that the primary driver of stock prices over the last three years has been the anticipation of more monetary stimulus from Central Banks.Indeed, the New York Fed itself has openly admitted that were it to remove the market moves that occurred around Fed FOMC meetings (the times when the Fed announced new programs or hinted at doing so), the S&P 500 would be at 600 today.So, by announcing programs that will be on going in nature, both the ECB and the Fed have removed the anticipation of future Central Bank intervention from investors’ psychologies. This could become highly problematic, especially if these latest announcements turn out to be duds.Speaking of which…Spain’s ten-year bond yield has broken back above 6%. To see Spain’s sovereign bond yields rising like this after the ECB announced it would essentially provide “unlimited” buying as support is simply stunning. And it indicates in plain terms that the ECB’s program was in fact a dud.In other news, we find that even barely literate high school students have a better understanding of job creation than Washington.In case you missed it, recently the US public school system has implemented a series of reforms to mandate what students should eat based on a healthier diet.The program was spearheaded by First Lady Michelle Obama, who, despite not being a nutritionist or having any sort of medical degree, has decided she knows what’s best for children in terms of their diets.As a result of the reforms, the cost of school lunches has risen by $0.20-$0.25 per plate. And students don’t like it. In fact, many of them have begun protesting the reforms saying that they’re hungry and the food portions are not enough…’ , Why Does Our Society Look Down On Unemployed Men So Much? http://albertpeia.com/uslooksdownonunemployedmen.htm , First United Bank is 43rd 2012 U.S. bank failure , Chicago PMI drops into negative territory in Sept. , Alternatives to the dollar Marketwatch Elizabeth O'Brien ‘The Fed’s latest stimulus program, QE3, has boosted risky assets like stocks and commodities at the expense of the dollar. Here are some other options…the currency’s long-term downward trajectory will continue, according to these dollar bears. Many have looked to gold as the dollar began its slide this summer. Drew Kanaly, a financial adviser at Kanaly Trust in Houston, increased his clients’ allocations to gold through the SPDR Gold Shares exchange-traded fund GLD -0.26%  . Some have looked to capitalize on other currencies’ appreciation relative to the dollar. Donald Dempsey, a financial adviser in Williston, Vt., shifted part of his clients’ international bond portfolios out of the iShares JPMorgan USD Emerging Markets Bond fund EMB +0.34%   and into the WisdomTree Emerging Markets Local Debt fund ELD -0.15%  . The former gives investors exposure to international bonds but not their currencies, whereas the latter does not hedge out, or erase, the currency risk. Many emerging-market currencies have rallied recently, and the WisdomTree fund allows investors to benefit from this appreciation along with any changes in the underlying bonds’ prices (in the opposite direction, investors get hurt if the currency declines). Anthony Welch, manager of the $12.8 million Currency Strategies fund FOREX -0.10%  , increased his exposure in mid-July to the Canadian and Australian dollars, which have also recently outperformed the greenback. Both countries’ economies are heavily tied to commodities, many of which are priced in the U.S. dollar and tend to rally when the dollar declines. Over the past five years, the Canadian and Australian dollars have risen against both the euro and the U.S. dollar. (The U.S. dollar’s movements are often measured against the U.S. dollar index, a basket of other currencies of which the euro makes up 57%.)…it makes sense to adjust portfolios to reflect America’s weakened economic position. Says Dempsey, “Longer-term, I have to feel safer with some of these emerging markets that are running surpluses.” , The Next Subprime Crisis Is Here: Over $120 Billion In Federal Student Loans In Default ZeroHedge.com , Guest Post: Welcome To The Era of 'Ugly' Inflation , All Your Private Data Are Belong To Obama , Fitch Warns UK Likelihood It Loses AAA Rating Has Increased , Charting The Death Of Europe's Bond Markets , Goldman Cuts Q3 GDP Forecast To Stall Speed 1.9% , Fed Buys $20 Billion In QE3 Mortgages; Jobs Created: Zero , The Student Loan Bubble In 19 Simple Charts , Cue Stagflationary Recession: Chicago PMI Huge Sub-50 Miss, Back To September 2009 Levels; Prices Paid Spikes QE1, QE2, Operation Twist 1, Operation Twist 2, a Fed balance sheet that is now expected to be $5 trillion in 2 years, and all we get is a lousy manufacturing economy that according to the Chicago PMI just dipped into contraction, or for all intents and purposes, recession, printing its first sub-50 print, 49.7 specifically, on expectations of a 52.8, and down from 53. This was the lowest since September 2009 and the biggest miss in 4 months. Specifically, the employment index came at a two and a half year low, New Orders, Backlogs and Deliveries had their 3 month moving averages at the lowest since Mid 2009, and Capital Equipment printed at a 17 month low. But not all hope is lost: at least prices paid soared for the third consecutive month to 63.2 from 57. Cue not just recession, but stagflationary recession. It also means that both the Manufacturing ISM and Q3 GDP will be a total disaster. Time to start pricing in QE X to be followed 24 hours later by QE X+1. The central bank cartel is starting to lose , Real Disposable Income Has First Drop Since November 2011, Savings Rate Tumbles

Frontrunning: September 28

Submitted by Tyler Durden on 09/28/2012

China accuses Bo Xilai of multiple crimes, expels him from communist party (Reuters), China seals Bo's fate ahead of November 8 leadership congress (Reuters)

"Dozens of phone calls on days, nights and weekends" - How Bernanke Pulled the Fed His Way - Hilsenrath (WSJ)

Fed won't "enable" irresponsible fiscal policy-Bullard (Reuters)

PBOC Adviser Says Easing Restrained by Concerns on Homes (Bloomberg)

Data Point to Euro-Zone Recession (WSJ)

Fiscal cliff dims business mood (FT)

FSA to Oversee Libor in Streamlining of Tarnished Rates (Bloomberg)

Monti Says ECB Conditions, IMF Role Hinder Bond Requests (Bloomberg)

Japan Heads for GDP Contraction as South Korea Weakens (Bloomberg)

Moody’s downgrades South Africa (FT)

Madrid Struggles With Homage to Catalonia (WSJ)

American Media Drums Up Support for War … Again Posted by: George Washington Post date: 09/28/2012 - Israel Versus Iran: What’s REALLY Going On …Will Israel Blow Up Something and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and nobody else came. After all, israel will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good for israel is not so good for the rest of the world, and america particularly. Indeed, israeli agents were caught cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission accomplished? It was rather pathetic if not absurd to see netanayahoo talk about the ‘Iranian red line’ when israel’s past the red line many times over with their illegal nuke program and deployment of in excess of 200 illegal, undeclared nukes. }

9-27-12 14 Signs That The World Economy Is Getting Weaker http://albertpeia.com/14signsworldeconomyweaker.htm The United States is not the only one with massive economic problems right now.  The truth is that just about wherever you look around the globe things are getting even worse.  China is experiencing a substantial economic slowdown, and Japan has resorted to yet another round of money printing in an effort to keep the Japanese economy moving.  Unemployment in Europe continues to get even worse, and the riots this week in Spain and in Greece have been absolutely frightening at times.  In the United States there are a whole host of signs that another recession is approaching, and the number of American CEOs that say that they plan to eliminate jobs in the coming months is rapidly rising… , Dave’s Daily: http://www.etfdigest.com QE TRUMPS HORRIBLE ECONOMIC DATA 9-27-12 You couldn’t have dreamed-up the crummy economic data received Thursday. The leading stinkers were GDP (1.3% vs 1.7% expected) and Durable Goods Orders (-13.2% vs -5% expected & prior 4.2%). Along for the ride were Pending Homes Sales (-2.6% vs .3% expected & prior 2.4%) and Jobless Claims which beat (359K vs376K expected & prior revised higher to 382K). The bullish spin for the poor GDP data was it was caused by the drought that doesn’t jive with the calendar, as it doesn’t support such a claim. The poor Pending Home Sales data was spun by bulls as caused by a lack of inventory. Of course this is hilarious since if you asked any banker with REO and they’ll tell you they have plenty of inventory. Jobless Claims data looked positive on the surface but “headline” numbers showed claims down by 141K but cumulative “revisions” show only 2K lower in 2012 as chart below shows. In an election year unsurprised the Department of Labor has asserted it may have underestimated job growth by 380K. (There will be plenty of spin there.) http://albertpeia.com/joblessclaimspinandreality.gif

Spain of course remains in the headlines as the budget process is slowly being unveiled. It seems to be more about buying some more time than doing anything constructive. Frankly they’re borrowing from their social security trust fund, which might see them through October. Per BNP with a hat tip to Zero Hedge:

Spain is edging closer to asking for financial aid, but it’s a long, slow process. We think Spain will find it very difficult to hold out longer than October, though a transfer from the social-security stabilization fund could give it some room to maneuver.

After today’s announcement of the 2013 budget and planned structural reforms, the next event is tomorrow’s publication of the results of the bottom-up bank audit.

The Eurogroup should take a broadly positive view on the new measures, assuming it is given more detail, allowing the Spanish government to spin any bailout as a reward for form. This could remove part of the stigma associated with it, at least domestically.

The country’s regional elections on 21 October could be the last obstacle to an aid request. Another glitch, however, is Catalonia’s call for an early election in November and a potential referendum on regional autonomy.

Any unused funds from the bank bailout may be used to lower the final cost of a sovereign bailout, something that should appease Germany. But we don’t think these funds will be enough and expect Spain

And, so it goes—kick the can, buy some time, let others deal with it and etc…’ , A Chinese Mega City Is On The Verge Of Bankruptcy ZeroHedge.com

Small Business Owners Understand the Economy Better Than Our Fed Chairman

September 27, 2012 http://gainspainscapital.com

http://albertpeia.com/businessownersknoweconomybetterthanfedben.htm

‘Since the Great Crisis began in 2007 the Fed/ Feds have done the following:

Cutting interest rates from 5.25-0.25% (Sept ’07-today).

The Bear Stearns deal/ taking on $30 billion in junk mortgages (Mar ’08).

Opening various lending windows to investment banks (Mar ’08).

Hank Paulson spends $400 billion on Fannie/ Freddie (Sept ’08).

The Fed takes over insurance company AIG for $85 billion (Sept ’08).

The Fed doles out $25 billion for the automakers (Sept ’08)

The Feds kick off the $700 billion TARP program (Oct ’08)

The Fed buys commercial paper from non-financial firms (Oct ’08)

The Fed offers $540 billion to backstop money market funds (Oct ’08)

The Fed agrees to back up to $280 billion of Citigroup’s liabilities (Oct ’08).

$40 billion more to AIG (Nov ’08)

The Fed backstops $140 billion of Bank of America’s liabilities (Jan ’09)

Obama’s $787 Billion Stimulus (Jan ’09)

QE 1 buys $1.25 trillion in Treasuries and mortgage debt (March ’09)

QE lite buys $200-300 billion of Treasuries and mortgage debt (Aug ’10)

QE 2 buys $600 billion in Treasuries (Nov ’10)

Operation Twist 2 (Nov ’11)

QE 3 buys $40 billion in Mortgage Backed Securities every month from now on (Sept. ’12)

That’s one heck of a list. And the worst part is I know I’ve left something out somewhere.

However, despite this incredible intervention, the economy remains in the toilet. Indeed, adding to the more evidence that the alleged “recovery” is in fact a load of BS category… we have the latest survey of small business owners. Small businesses (50 employees or more) account for 75% of job creation in the US.

67 percent say there is too much uncertainty in the market today to expand, grow or hire new workers.

69 percent of small business owners and manufacturers say President Obama’s Executive Branch and regulatory policies have hurt American small businesses and manufacturers.

55 percent say they would not start a business today given what they know now and in the current environment.

54 percent say other countries like China and India are more supportive of their small businesses and manufacturers than the United States.

“Instead of smoothing the way, our government continues to erect more barriers to growth through burdensome regulations that increase costs for small businesses and all Americans,” NFIB president Dan Danner said…’ , How Crony Capitalism (Or The 'Undiluted Lunacy' Of The Fed) Corrupts The Free Markets , How The Fed Crushed China's Ability To Join The Ease-Fest , Why The Wealth Effect Won't Support The US 'Recovery' , Santelli Vs. Liesman; Broken Pipes, Trickle-Down Frowns, And 'Imaginary' Inflation , Stocks Ramp, PMs Ramp More, Oil Ramps Most The world and their mum will be overjoyed all is fixed again in Spain and Apple can be bought safely as today's ramp-a-palooza in risk-assets indicates. However, the 100-pip run in EURUSD which 'correlated-ly' ramped everything did more damage than good in the long-run as Oil prices surged off their 'see QEternity inflation is only transitory' way. WTI topped $92 (up over 3% off yesterday's lows) as Gold and Silver surged on the day to end up around 0.25% on the week (in the face of a 0.25% strengthening in the USD on the week). JPY strength and moreover EUR's push dragged the USD 0.5% lower from yesterday's peak and provided just the lift to get the S&P back to Monday's lows, filled a gap in AAPL's chart and lifted the financials ETF briefly back up to unch from pre-FOMC. Volume and trade size was large as we ramped and drifted once we topped - which smells a lot like pros selling into a stop-run-driven strength. Equities pulled back into the close (even as VIX limped back under 15% down almost 2 vols today) catching down to risk-asset's slightly less ebullient perspective. , Egan-Jones Downgrades Spain To CC From CC+ , Here Is The White House Spin On Today's Disappointing Economic Data A massive 13% collapse in durable goods, the biggest since January 2009; a $20 billion miss to annualized Q2 GDP estimates, and well below the lowest estimate, 60+ weeks of constant upward BLS revisions to initial claims "data" and not to mention assorted atrocious economic (note: not to be confused with market - the two are now completely unlinked) data from around the globe. And what does the White House say: the data shows that the "US is making progress." We sure wouldn't want to know what it would look like if after 3 episodes of easing, trillions injected into the economy via the Fed, and of course $6 trillion in extra debt the US was not making progress. Oh and yes, everything else is Bush's fault.

Guest Post: What Happened To Virtue?

Submitted by Tyler Durden on 09/27/2012

In the midst of the Great Depression, Treasury Secretary Andrew Mellon famously advised President Hoover to “liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate” instead of propping each industry up with tax dollars.  This liquidation doctrine would “purge the rottenness out of the system” and make certain that “people will work harder” and “live a more moral life.”  Contrary to popular belief, Hoover did not take Mellon’s advice and went forth with his own version of the New Deal that gave relief to farmers and supported wage rates in certain industries.  These efforts, which were exacerbated under the presidency of Franklin Roosevelt, effectively prevented the market from clearing.  The boom of the late 1920s that was driven by the Federal Reserve’s monetary inflation was not allowed to bust.  Instead of liquidating the debt and allowing the economy to reach a sound footing, both the Hoover and Roosevelt administrations attempted to manage it back to health.  The result was the longest period of unemployment ever recorded in American history.

Durable Goods Orders Cliff-Dive Most Since Jan 2009 But Initial Claims Beat

Submitted by Tyler Durden on 09/27/2012

Durable Goods orders expectations were pushed down to a dramatically low -5.0% after last month's dismal reading and the PMI data since but the print at -13.2% is mind-blowingly bad. Perhaps this is the sneak peek that Ben had? This drop is the largest since January 2009 when world trade had fallen off a cliff. It appears the seasonal-adjustments are the driver of the plunge as NSA is -7.2% (still very weak for August). We are sure there will be calls for the V-Shaped recovery from this but with a very different stimulus-environment around the world (i.e. jaded and soaked in much more debt), we suspect that will be less than forthcoming. The sub-indices were all weaker than expected but we note that defense -40% and non-defense aircraft orders plunged. On the bright side, all this terrible production data inspired less layoffs as Initial claims beat expectations modestly falling to its lowest (best) in two months - sigh.

Netanyahu draws “red line” on Iranian nuclear program

Reuters | Israeli Prime Minister Benjamin Netanyahu drew his “red line” for Iran’s nuclear program on Thursday.

Will Israel Blow Up Something and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and nobody else came. After all, israel will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good for israel is not so good for the rest of the world, and america particularly. Indeed, israeli agents were caught cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission accomplished? It was rather pathetic if not absurd to see netanayahoo talk about the ‘Iranian red line’ when israel’s past the red line many times over with their illegal nuke program and deployment of in excess of 200 illegal, undeclared nukes. }

9-26-12 There is No Engine For Global Growth Pt 3 (the US) September 26, 2012 http://gainspainscapital.com http://albertpeia.com/theresnoengineforglobalgrowth3.htm ‘The following is excerpt from a recent issue of Private Wealth Advisory. In it I outline why the world is entering a stagflationary disaster. To find out more about Private Wealth Advisory and how it can help you crush the market… Click Here! ‘ { I feel compelled to add here what I felt was more than just a leap of faith by Mr. Summers who has in a recent public issue stated that he believes the biggest frauds on wall street will be brought to justice. Wow! That’s really all I can say. The next thing he might say is that pervasively corrupt, defacto bankrupt america et als, along with the manipulated fraudulent securities markets, are legitimate. Wow! In his fact-filled renderings, focus more on Mr. Summer’s facts, fact-based inferences and conclusions, and less on his unsupportable opinions as, ie., prosecutions of the biggest wall street frauds are acomin’, or that meaningfully lawless america’s suddenly grown scruples. Wow! } ‘In the last few days we’ve assessed how both China and Europe are no longer engines for global growth. So what about the US? By all counts, the latest ISM (a measure of manufacturing in the US) was a complete and total disaster. In August the ISM hit 49. Anything below 50 is considered a recessionary rating.However, things are even worse below the surface. The ISM is made up of several components. Its Production component is back to May 2009 levels. The New Orders component is back to April 2009 levels.And worse of all, Prices Paid is up to 54, up from a reading of just 39 in July. In simple terms this tells us that inflation is hitting “lift off” in the US at the very same time that we are entering a recession that could be on par with that of 2008. And with corn and soybean prices at or near record highs, we could be on the verge of a stagflationary disaster combined with a food crisis at the very same time. We get additional confirmation of a major economic contraction from corporate earnings. Recently we’ve seen earnings forecast cuts from Fed Ex, Bed Bath and Beyond, Proctor and Gamble, Adobe, Starbucks, McDonald’s and more.  Indeed, when you remove financials, S&P 500 earnings FELL year over year for 2Q12. This is hardly indicative of a strong economy. The fact a record number of Americans are on food stamps doesn’t bode well either. And the Rasmussen Employment Index indicates worker confidence is at levels not seen since the FALL OF 2008! All of this, combined with the following:

1)   Median income today is lower than it was during at the end of 2009 (when the recession supposedly ended)

2)   The percentage of Americans on food stamps has increased from 11% to nearly 15%

3)   The average unemployment duration has increased from 30 weeks to nearly 40 weeks

4)   The civilian employment to population ratio hasn’t budged

5)   Industrial production has yet to exceed its former peak (a first in post WW-II “recoveries”)

And this has happened despite the Fed’s massive intervention in the markets/economy…’ , Dave’s Daily: http://www.etfdigest.com EUROZONE CONTAGION RETURNS TO MARKETS 9-26-12 ‘Sure we’re back from a brief trip but we’re not a big deal. No, it’s the rascals in the eurozone who return to annoy us like a bad habit. Spain is front and center now even as rioters are also out in full force in Greece. The issue in Spain is quite simple. Spain needs a bailout but in order to qualify they must meet “conditions” and that’s politically toxic to the public. More austerity is something leaders just can’t sell although it’s said to be working on this behind closed doors. Even the old province of Catalonia is threatening to hold a referendum to secede from Spain.To make matters worse it isn’t just the eurozone making things worse but in China as well. Shanghai indexes fell to levels not seen since 2009 and are down nearly 10% on the quarter. This is the poor result even as the PBOC cut bank reserve requirements and borrowing costs twice this year. In the U.S. the Fed is underwriting the U.S. budget deficit through its QE operations. This is like having economic policies in the I.C.U. and on a feeding tube. When the ink runs dry the patient hits the “fiscal cliff” a la Thelma & Louise.There was some excitement over New Home Sales data released Wednesday. Homes sold disappointed dropping (373K vs 380 expected) but prices paid rose 11.2% which was a surprise. { No! Not so surprising given the over-printed fiat currency/dollar debasement ‘strategies’ being employed even as fewer and fewer are employed. } Nevertheless the chart from the Fed shows things still trolling along the bottom. http://albertpeia.com/bottomfeeders.gif The big market boost from ECB and Fed QE may have run its course for now. Perhaps the best we can hope for now is to just churn about here barring more poor results. The Draghi & Bernanke Puts should underpin markets but sometimes you just can’t overcome the bad news with money printing. Even Bernanke said the Fed has done all it can and now we await the election and the path forward with whoever wins. Whoever wins won’t have an easy job given a lack of political consensus.After a large rally it’s logical to see some profit-taking and a more cautious wait and see approach. In this regard we’ve seen reversals with the dollar (UUP); gold (GLD); equities (SPY); commodities (DBC); energy (USO); bonds (TLT); emerging markets (EEM) and, in the eurozone certainly (EZU). Domestic U.S. sector ETFs such as homebuilders (ITB) saw serious selling along with energy (XLE).Volume has picked-up with selling these past two days and this is a typical pattern. Breadth per the WSJ was negative overall…’ , Fed Virtually Funding the Entire US Deficit CNBC | “If this becomes the new ordinary, it’s hard to imagine the Fed’s maneuvering room” should another crisis hit, economist Lindsay said. { Another crisis? Folks, the nation is insurmountably defacto bankrupt, along with a panoply of other problems, not the least of which is pervasive crime and corruption. This is a crisis! } , Chicago Fed Asks "What Are Asset Bubbles" As Its President Calls For Even More QE , Guest Post: Why QE May Not Boost Stocks After All , Europe Goes Pear-Shaped , Gold Holds As Equity Dead-Dog-Bounce Folds , iNflation: Americans Spend Less On Food, Movies To Pay For Soaring Cell Phone Obsession

USPS Bailout Imminent: Postal Service Will Miss September 30 'Mandated' Payment

Color us unsurprised by this litte gem (via Bloomberg):

*POSTAL SERVICE SAYS IT WON'T MAKE MANDATED PAYMENT ON SEPT. 30

*POSTAL SERVICE COMMENTS ON HEALTH BENEFITS PAYMENT IN E-MAIL

*U.S. POSTAL SERVICE SAYS OPERATIONS WON'T BE AFFECTED

Miss a payment here, miss a payment there; never mind. It would appear that everyone wants to be bailed out before the election so they can pledge votes for taxpayer cash…

Quote Of The Day: Iran > US, EU

Today's quote of the day award goes to...

AHMADINEJAD SAYS SITUATION IN IRAN `NOT SO DIRE'

AHMADINEJAD SAYS IRAN ECONOMY `CERTAINLY BETTER' THAN U.S., EU

Guest Post: Globalist Think Tank Suggests Using Engineered Event As Excuse For War With Iran

What is interesting about this discussion by the Washington Institute For Near East Policy, a Neocon (Globalist) think-tank, is that its primary purpose is not necessarily to debate the current political elements of the Iranian question.  They aren't contemplating the viability or morality of a war with Iran.  Instead, they are attempting to devise strategies by which the government could CONVINCE the American public and the world that a war with Iran is the "right thing to do", even if it means fabricating their own justification.  For them, the war is a forgone conclusion, and they will do anything to make it a reality.

California Screaming As 4th Muni Bankruptcy Looms in Atwater

Whether Atwater, California will join the prodigious ranks of Stockton, San Bernardino, and Mammoth Lakes to become the 4th Muni bankruptcy is up for vote on October 3rd (before a $2mm bond payment in November). As Bloomberg notes, the 28,000-strong Merced county town is suffering under the same weight of public employee costs, lost revenue, and a stagnant economy leaving it with a $3.3 million budget deficit. While some put their hope in the FB IPO, perhaps Bernanke should have mandated investment in AAPL for all these municipal comptrollers? The median income is 19% below the national average as the foreclosure crisis - which saw Atwater's median home price drop by more than half - has depleted property-tax revenues dramatically. "We just started negotiating with our unions and they are going to have to take a major cut," Mayor Joan Faul said. "We hope that once we declare a fiscal emergency, that they will realize that we are definitely in an emergency. If they want to save all the jobs, everyone is going to have to take a cut,"

Less Than Expected 31,000 New Homes Sold In August; Dent "Recovery" Meme

Moments ago, the Census Bureau released the August new single-family house sales number: at 373,000 on an annualized basis, it missed expectations of a rise to 380,000, and was down from a revised 374,000. This is only the second miss in 2012, and confirms that all talk of a housing recovery is misguided, and merely represents one particular segment of the housing market: that of existing home sales where buyers have all cash, are price indiscriminate, and are willing to take advantage of the NAR's exemptions from anti-money laundering provisions. I.e., US real estate is merely a place to park cash for those who have obtained it using questionable means. Looking at the number on a non-SAAR basis reveals that only 31,000 actual houses sold in August, of which 3,000 in the Northeast: surely a reason to keep on bidding up the builders into the stratosphere: fear not, actual sales will come. Eventually. Finally, and demonstrating that rich buyers focus primarily on dumping money into existing mansions, was the distribution of purchases by price bucket, which showed a (Z), or under 500 houses sold, in the $750,000+ category. This was the first time there was a (Z) in this bucket since February.

Frontrunning: September 26

China To Maintain Prudent Monetary Policy (China Daily)

Why Exit Is An Option For Germany (FT)

China-Japan Ministers Hold 'Severe' Talks As Spat Damages Trade (Bloomberg)

Eurozone Deal Over Bank Bailout In Doubt (FT)

UBS Co-Workers Knew of Fake Trades, Adoboli Told Lawyer (Bloomberg)

Banks Seek Changes To Research Settlement (FT)

Secession Crisis Heaps Pain On Spain (FT)

SEC: NY Firm Allowed HFT Manipulation (Bloomberg) - busted 'providing liquidity'?

Germany To Tap Brakes ON High-Speed Trading (WSJ)

Rajoy Outlines Fresh Overhauls (WSJ)

BBC Apologizes To Queen Over Radical Cleric Leak (Reuters)

British Banks Step Back From Libor Role (WSJ)

Obama Seeks To Recast Ties With Arab World (FT)

Violent Protests Swirl in Spain As Regions Seethe

RT.com | ‘The protesters called for members of Parliament members to be sacked for misleading the voters with austerity measures.’

Quantitative Easing Did Not Work For The Weimar Republic Either

Economic Collapse | Did printing vast quantities of money work for the Weimar Republic? Nope. And it won’t work for us either.

Is the era of free checking accounts over?

The Week | The financial industry is forcing customers to pay more just to park their money at the bank.

Is the Fiscal Cliff “Taxmageddon,” or Too Little, Too Late?

Thomas R. Eddlem | The anti-tax foundation Americans for Tax Reform has labeled the end of the Bush-era tax cuts that are scheduled to expire at the end of this year .

The Declining Economic Freedom Of The United States

Zero Hedge | The United States, long considered the standard bearer for economic freedom among large industrial nations, has experienced a remarkable plunge in economic freedom during the past decade.

9-25-12 Dow will repeat 2007-2008 peak-crash cycle Commentary: It’s deja vu as lessons of meltdown go unheeded By Paul B. Farrell, MarketWatch http://albertpeia.com/dowwillrepeatcrashcycle.htm , It's not different this time: The Dow Theory Marketwatch - Oliver Pursche , Quantitative Easing Did Not Work For The Weimar Republic Either http://theeconomiccollapseblog.com http://albertpeia.com/qedidnotworkforweimarrepubliceither.htm [ http://albertpeia.com/moreqesayfraudsonwallstreet.htm { Riiiiight! Anything but reality to thwart their daily fraud, churn-and-earn national debacle. Actually, I think it’s more for the ‘sell the sizzle’ part of their ubiquitous fraud; that fraud inducing ‘hopium thing’ that’s been great for their high frequency algo trade frauds that the rest of the nation/world pays for. What’s really required is prosecution of these huge frauds, incarceration of and disgorgement and fines for the perps, without exception! } ] , QE4? The Big Wall Street Banks Are Already Complaining That QE3 Is Not Enough http://theeconomiccollapseblog.com http://albertpeia.com/moreqesayfraudsonwallstreet.htm , There is No Engine for Global Growth Pt 2 (Europe) September 25, 2012 http://gainspainscapital.com http://albertpeia.com/theresnoengineforglobalgrowth2.htm , Several Exponential Charts ZeroHedge.com 9-25-12 , For China Size, Not Quality, Matters As First Aircraft Carrier Launched , Five SAC Traders Implicated In Insider Trading Case Two years ago nobody would dare touch Steve "Blue Eyes" Cohen's firm. Then we dared to ask some questions. Then the entire expert "information arbitrage" network pyramid got exposed (with a one year delay after ZH) and hedge funds returns aka "alpha" plunged , Gold Holds Post-QE Gains As S&P Drops Most In 2 Months It seems European credit markets were on to something this morning. As European tensions spilled over so the US equity markets just could not hold on to the post QEternity gains and turned down rapidly shortly after Europe closed. The S&P 500 has retraced over 75% of its post-FOMC spike gains, Treasuries are well below the pre-FOMC yield levels and the USD has retraced all of its losses. The 1% drop in the S&P 500 is the largest in over two months. equities closed at their lows - something we have not seen in a while - with all the usual high-beta suspects (e.g. AAPL -2.5%) all getting crushed. VIX surged to 15.5% (up 1.25 vols) as volume surged across most equity indices. Only Healthcare and Staples remain green post-FOMC. , Spanish Protest Turns Violent Sadly the social unrest that we had predicted, when over 50% of the youth are unemployed and the politicians are navel-watching, has erupted, as angry protesters charge the local police, who in turn are arresting rioters and using volleys of rubbers bullets to keep the crowd at bay. , How A 12th Century Mathematician Just Doomed Bernanke's Wealth Effect , The Declining Economic Freedom Of The United States The United States, long considered the standard bearer for economic freedom among large industrial nations, has experienced a remarkable plunge in economic freedom during the past decade. From 1980 to 2000, the US was generally rated the third freest economy in the world, ranking behind only Hong Kong and Singapore. The ranking of the US has fallen precipitously; from second in 2000 to eighth in 2005 and 19th in 2010. By 2009, the United States had fallen behind Switzerland, Canada, Australia, Chile, and Mauritius, countries that chose not to follow the path of massive growth in government financed by borrowing that is now the most prominent characteristic of US fiscal policy. By 2010, the United States had also fallen behind Finland and Denmark, two European welfare states. Moreover, it now trails Bahrain, the United Arab Emirates, Estonia, Taiwan, and Qatar. The Fraser Institute's massive volume on the Economic Freedom Of The World - based on the following five factors: Size of Government, Legal System & Property Rights, Sound Money, Freedom to Trade Internationally, and Regulation - covers 42 variables with the goal of quantifying the key ingredients of economic freedom. , CDS Market Begins Trading Imaginary Credit With LIBOR-Style Fixings , Guest Post: Why Germany Is Going To Exit The Eurozone , Half Of Americans Making Under $30K Have Less Than $100 In Savings , Italian Parliament's Postman Revealed To Be A Coke-Dealing Mobster , LTRO Smoke, OMT Mirrors, Fiscal Sledgehammers

Breaking Down The Fiscal Cliff In 12 Charts

Submitted by Tyler Durden on 09/25/2012

Investors remain convinced, it would seem, that the fiscal cliff will not happen because our great-and-good politicians in Washington know full-well that the economic repercussions will be too great. Even though Ben's foot is to the floor, he has stated that monetary policy will be unable to offset the negative economic impact of the tax hikes and spending cuts. The prospect of agreement among a deeply polarized politik and just as Goldman expects, we worry that the S&P 500 will fall sharply following the election once investors finally recognize the serious possibility that the 'fiscal-cliff-problem' will not be solved in a smooth manner. In order to clarify that thinking, Bloomberg Brief has provided 12 charts on the timelines, impact, uncertainty, and possibilities surrounding this most obvious of risk events.

July Case Shiller Beats And Misses At The Same Time

Submitted by Tyler Durden on 09/25/2012

Some time ago, before China's hard landing was virtually assured (see Iron Ore prices), there was a period when its data was a veritable cornucopia of Schrodingerian ambivalence, with various economic indicators representing either growth or contraction at the same time. It appears that the modified wave-particle duality has just shifted to the US, whose housing segment is the latest patient of wave function collapse as the July Case Shiller index printed both a beat and a miss at the same time. The Top 20 composite index beat in the NSA Year over Year price change, which was +1.2%, on expectations of +1.05%, and up from a revised 0.59. However, it missed in the sequential Top 20 Composite price change, which printed at 0.44%, below expectations and half off the June price increase of 0.91%. In fact, as the chart below shows, the July increase was now the slowest sequential increase in the past 5 months, and at this rate, the August, or September data at the latest, will show a sequential decline in prices, as the euphoria from the Rent-to-REO fades, and as the massively pent up foreclosure inventory is finally forced to come to market and drag prices far below where the currently artificially propped up market "clears" (read Foreclosure Stuffing).

Chart Of The Day: Entitlements Or Growth

Submitted by Tyler Durden on 09/25/2012

"Dollars spent on entitlements dwarf those spent on discretionary items such as education, and tower over net fixed business investment, which is partially responsible for greater productivity, business expansion and rising living standards. Periods with greater investment as a share of GDP are highly correlated with both faster economic growth and rising living standards. One risk to the U.S. economy is that rising entitlement spending will require the government to borrow from the finite amount of capital held by private savers, thus squeezing out private firms that need the capital to expand businesses and increase productivity."

Nader Calls Obama “War Criminal,” “Worse Than Bush”

Politico | “In the sense that he’s more aggressive, more illegal worldwide.” { In other words, more like a nigger! The blackbama is basically a continuation/progression of war criminal/incompetent bush! }

30 Examples of Why America Is No Longer a Free Country

Paul Joseph Watson | Nanny state is no longer on steroids, it has turned into the Incredible Hulk. { http://albertpeia.com/30examplesusnolongerfree.htm }

GUESS WHERE THESE BEAUTIFUL PICTURES WERE TAKEN … http://albertpeia.com/guess.htm

See if you can guess in which European country all of these beautiful pictures were taken: {0}

The 4 Middle Eastern pictures above are from Saudi Arabia, not Iran. Same thing, you say?   Actually, Saudi Arabia is doing its best to overthrow Iran via terrorism, and is persecuting Christians and Jews much more than Iran.

Maybe we should learn a little bit more before deciding whether or not to bomb Iran?

Especially since the U.S. has been claiming for more than 30 years that Iran was on the verge of nuclear capability, and top American and Israeli defense and intelligence bosses say that bombing Iran will only increase the odds that Iran will actually build a nuclear weapon?

Postscript:   Iran obviously has problems and is far from perfect.  But given the tidal wave of propaganda in the news which is doing everything possible to “demonize the enemy” to justify war, we think it is valuable to provide some balance and perspective.

http://albertpeia.com/guess.htm

SNB in a Pickle Posted by : Bruce Krasting Post date: 09/25/2012 - SNB bond-buying is "exacerbating" the gap between borrowing costs for stable countries like Germany and the rest of the 17-nation euro zone.

Guess Where These Beautiful Pictures Were Taken … Posted by: George Washington Post date: 09/25/2012 - Must-See Pictures http://albertpeia.com/guess.htm

LoRD oF THe CRoNY FLieS... Posted by: williambanzai7 Post date: 09/25/2012 - and a flying moron.

9-24-12 Americans Are Literally Being Worked To Death http://albertpeia.com/americansworkedtodeath.htm { I personally believe a new category of anxiety disorder has arisen in america which probably would fall within the broader genus of ‘obsessive compulsive’;viz., the obsessively compulsive trait being overuse of cell phones/text messaging, etc., in some instances to the point where fingers are literally rendered ‘raw’ from the typing. Such, of course, is famously promoted/encouraged (tweets, etc.) by the media, ‘celebs’, etc., and of course the ‘sellers’ of the China-made gadgets, ie., apple (I-phones, etc.), etc.. And, despite being invariably sympathetic to the plight of kids generally, I really must say it’s really rather startling and pathetic! } , 19 Signs That America Is Being Systematically Transformed Into A Giant Surveillance Grid http://albertpeia.com/usasurveillancegrid.htm , 10 states stealing California's population { Stealing? I don’t think so. There’s really nothing positive to say about california as a (w)hole! Only jersey is worse! http://albertpeia.com/calihole.htm And, as recently as the Reagan ‘80’s that was not nearly the case concerning california which has fallen far and fast. } , There’s No Engine For Global Growth (China Edition) http://albertpeia.com/theresnoengineforglobalgrowth.htm , Get Your Fake Tungsten-Filled Gold Coins Here ZeroHedge.com , Winners Lose As Safety Outperforms UPDATE: CAT is sliding AH after noting higher chance of recession and cuts 2015 EPS guidance from $15-20 to $12-18 , In Preview Of Inevitable Unhappy QEnding, Overeager German Safecrackers Blow Up Bank It looks like someone took a page from the Bernanke open-ended playbook, who when tasked by Chuck Schumer to "get to work, Mr. Chairman", and realizing his job is on the line, literally bet the Fed's political ranch on the biggest liquidity tsunami ever conceived in Keynesian history with consequences which as Gary Kaminsky explained earlier, will be akin to a Kamikaze pilot, if one who has over 310 million passengers. That someone was one or more German safecrackers in the town of Nottuln-Darup, who were eagerly pursuing their New Normal patriotic duty to release some bank reserves into broad circulation by blasting through a safe on Sunday night, when they used some extra laced C-4, in the process blew up the entire bank, shattering windows across the street, and causing hundreds of thousands of euros worth of damage. Perhaps this, more than anything, is the best visual of just what Bernanke's attempt to unclog the "bank plumbing" will look like in the end, even better than Zimbabwe coordinated 1 million man flush. The silver lining: at least they added to German GDP: if today's Ifo number is any indication, Germany desperately needs it. , Meanwhile In Downtown Camden As we reported earlier, Camden may be broke, the local police may now be history, unemployment may be 50%, it may be nothing more than one big crack cocaine depot and driving through downtown at less than 88 mph may be hazardous to your health, but that wasn't always the case. In fact, back in 2009 the city had enough money to afford billboards. Such as this one on the intersection of Dr Charless Brimm Blvd and S. Broadway, courtesy of Google StreetView (sorry iPhone 5 users: you can't see this). Brought to you by www.joncorzine09.com , Spanish Military Threatens Treason As Catalonia Seeks Secession Referendum { As an aside, it should be noted that Catalonia is birthplace to my all-time favorite and many of the world’s greatest artists. } , With $1.6 Trillion In FDIC Deposit Insurance Expiring, Are Negative Bill Rates Set To Become The New Normal? , Guest Post: Pavlov's Dogs - An Overview Of Market Risk , Confirming US Dumbification, Verbal SAT Scores Just Hit Record Low , Guest Post: The Greatest Trick The Devil Ever Pulled Never try to teach a pig to sing, advised Robert Heinlein. It wastes your time and it annoys the pig. Similarly, never try to convince a central banker that his policies are destructive , Kaminsky: "Bernanke Is Now A Kamikaze Pilot" In a little under four minutes, CNBC's Gary Kaminsky provides a voice of reason amid the 'Gold-and-Bonds-are-in-a-bubble-but-Apple-is-awesome' meme. Reflecting on some of the mind-blowingly crazy statistics of this market's recent inexorable rise, central bank balance sheet eruptions, and valuations; Kaminsky (an ex-PM as opposed to 'reporter') provides six clarifying words: "We know this will end ugly!" From the lack of credibility of any Fed exit, to the explosion of the monetary base, Gary moves back and forth from Japan as an ever-more-obvious template for our path past the Keynesian endpoint. Finally, he concludes that: "Bernanke is a kamikaze pilot... experimenting [in monetary policy] and is destined to fail." , David Rosenberg On The 'One-Trick Pony Market' Global economic fundamentals are awful, bearish divergences are occurring everywhere, investor sentiment is nearing bullish extremes, political risks remain high and last week's market performance can be summed up in four words - 'lack of follow through'. As Gluskin Sheff's David Rosenberg explains, more than two-thirds of the rally points the stock market has enjoyed since the summer-time lows occurred around central bank policy announcements. So the market is really a one-trick pony here, breathing in the fumes of central bank liquidity , America's Deadliest And Poorest City Set To Disband Its Entire Police Force Over Budget Crisis While the stock market in the US continues to surge (if not so much in China where the composite is back to 2009 lows) as the relentless liquidity tsunami makes its way into stocks, and other Fed frontrunning instruments, and only there, reality for everyone else refuses to wait. Last week we saw reality striking in Greece, where a section of Athens literally shut down after it ran out of all cash. Today, reality comes to the US, and specifically its poorest city, Camden, which is a twofer, doubling down also as America's deadliest city. It turns out Camden is about to become even deadliest-er, as its police force is set to be disbanded following a budget crisis in this effectively insolvent city. , The Fed Is Systematically Destroying Social Security And The Retirement Plans Of Millions Posted by : ilene Post date: 09/24/2012 - SS Ponzi is approaching a cliff. , Following QE8, Japanese Teachers' Pension Fund Goes All-In: Focus on 'Return' Not 'Risk' Haven't we seen this picture before - and it didn't end well? , Guest Post: QE For the People - What Else Could We Buy With $29 Trillion? In a system that depends on lies and the credulity of the citizenry, the greatest lie is that the Federal Reserve's "quantitative easing" bailouts of the banks somehow help our citizens and communities , Janjuah Stopped Out ‘…Nomura's Bob Janjuah remains 100% correct in his diagnosis and prognosis of the current 'grossest misallocation and mispricing of capital in the history of mankind'… "...risk assets are in a bubble which of course can extend, but which can reverse sharply and suddenly. Up here, 'valuation metrics' are not going to help much... this bubble could extend for maybe a few months and by up to 10%, ...but that we could see global equity markets 10/15% lower in virtually a 'heartbeat'." , Overnight Sentiment: 'Rumors Regurgitated, Refuted' Redux As German Economy Slips Again , Greece Caught Underreporting Its Budget Deficit By Nearly 50% , The Global Trade Cycle Turns Lower , Daily US Opening News And Market Re-Cap: September 24 Risk-averse sentiment dominated the first half of the session today, as market participants digested yet another disappointing macro economic data release from Europe (German IFO), which fell for a fifth consecutive month. In addition to that, EU’s Van Rompuy said that he sees tendency of losing the sense of urgency, likely pointing the finger at Spain which is yet to request monetary assistance to prevent another speculative attack. It remains unclear when the official request will be made, but there is a risk that the application will only take place after regional elections in late October or even after the Eurogroup meeting in November. Finally, German finance ministry spokesman said that leveraging the ESM to EUR 2trl, as reported by Der Spiegel over the weekend, is not realistic and called the report completely illusionary. As a result, peripheral bond yield spreads are wider, with Italian bonds underperforming as markets prepare for this week’s supply from the Treasury. Heading towards the North American cross over, EUR/USD is seen lower by around 75pips and is trading in close proximity to the 1.2900 level, with bids said to be placed below. Talk of dividend related buying in GBP/USD, as well as EU budget related selling in EUR/GBP by two different UK clearers helped support GBP/USD. Going forward, there are no major economic releases set for the second half of the session, but the BoE will conduct its latest APF and the Fed will buy between USD 1.5-2bln in its latest POMO.

Frontrunning: September 24

Submitted by Tyler Durden on 09/24/2012

World on track for record food prices 'within a year' due to US drought (Telegraph)

Foxconn halts production at plant after mass brawl (BBC)

Germany Losing Patience With Spain as EU Warns on Crisis Effort (Bloomberg)

Fed Recovery Doubts Spur Investor Bid for Treasuries (Bloomberg)

Japan protests as Chinese ships enter disputed waters (Reuters)

In Shark-Infested Waters, Resolve of Two Giants Is Tested (NYT)

China jails Wang Lijun for 15 years (FT)

China closes in on Bo Xilai after jailing ex-police chief (Reuters)

European Leaders Struggle to Overcome Crisis Stalemate (Bloomberg)

Politicians 1: Austerity 0 - Portugal Gives Ground on Worker Contributions (WSJ)

Obama Controls Most of His Money as Republicans Have More (Bloomberg)

Coeure Says Not Clear That Further ECB Interest-Rate Cut Needed (Bloomberg)

France Seeks Labour Overhaul (WSJ)

9-21-12 We're Entering Another Economic Collapse... Right As Inflation Hits LIft Off! Phoenix Capital Research 9-21-12 http://albertpeia.com/economiccollapseplusrisinginflation.htm , 21 Facts About America's Decaying Infrastructure That Will Blow Your Mind http://theeconomiccollapseblog.com http://albertpeia.com/21factsamericasdecayinginfrastructure.htm , 100 DAYS UNTIL LARGEST TAX HIKES IN HISTORY... http://albertpeia.com/taxmaggedon.htm , Dumb money sees a rally, so gird for a dip , Dave’s Daily: http://etfdigest.com ‘QUAD WITCHING NONEVENT 9-21-12 I’ve been taking a working vacation—better said, working on catching some fish. But I note that since leaving on Tuesday not much has changed with markets. In the eurozone it seems authorities there wish to postpone serious decision making until after the U.S. election. That’s rather curious and let you draw your own conclusion. Oil markets have taken a beating on inventory issues. It seems the supposed “fat-fingered” trade or SPR release rumor weren’t correct. It may be some traders got some inside information on inventory data. Again, draw your own conclusion…In the meantime Friday’s quad-witching was a pretty uneventful and volume was light. The dollar (UUP) remains weak overall and precious metals like gold (GLD) and silver (SLV) remained steady after some previous selling. Beyond Apple (AAPL) which as you know has become “the market”, not much has changed throughout the week. The leading sectors remain in real estate best expressed by Homebuilders (ITB). Bonds (TLT) continued to be steady.Volume remains quite light for quad-witching day although Thursday’s volume was higher as traders began to rollover and unwind positions. Breadth per the WSJ was positive…’ , PIIGS In America: Is Illinois Preparing To Request A Federal Bailout? ZeroHedge.com Moments ago we saw the following amusing headline crossing the BBG:

ILLINOIS TEACHERS' PENSION FUND CUTS RATE OF RETURN TO 8% FROM 8.5%

It's amusing because these are the same teachers who were demanding, and received, higher pay - 17% higher over four years in fact - following a several day strike. It is even more amusing considering that in a fiscal year in which we saw QE2, Operation Twist 1 and 2, and LTRO 1 and 2, the nation's largest pension fund, Calpers, managed to eek out a measly 1% gain (and this is including the end of June surge following the then announced European bailout which turned out to be yet another dud). It is, however sadly, most amusing, because it may be a harbinger of something truly sad: the advent of the "PIIG bailout" to America, when a US state demands a Federal bailout. We have seen how eager Europe has been to bailout its insolvent nations. We are next about to see just how "united" the US is when its own solidarity is tested as state after state repeat the European bailout experience. But hey: at least we have the dollar so all should be well. , How to Measure Strains Created by the New Financial Architecture , The Gaping Maw Of Centrally-Planned Surreality , Guest Post: QE3 And Bernanke's Folly - Part II , Quad Witching Day Sends NYSE Volume Soaring To Highest In Over A Year Between quarter-end, quad-witching, and the index-rebalancing, activity at the NYSE soared today. More than triple the average of the last few weeks, today's volume was the highest since the US downgrade last August - over 13 months ago - and given the downward pressure in prices into the close it seems more motivated sellers than buyers locking in anticipated Fed/ECB gains. , Gold And Silver Trump US Equities In Q3 And Year-To-Date , Will Nasdaq Be The Next Casualty Of The SEC's Anti-Latency Arbitrage Push? Back in 2009 Zero Hedge was first the only, and shortly thereafter, one of very few non-conformist voices objecting to pervasive high frequency trading and other type of quantitative market manipulation in the form of Flash Trading (which has recently reemerged in yet another form of frontrunning known as "Hide not Slide" practices) quote stuffing, and naturally latency arbitrage: one of the most subversive means to rob the less than sophisticated investor blind, due to an illegal coordination between market markers, exchanges and regulators, which effectively encouraged a two-tier market (one for the ultra fast frontrunning professionals, and one for everyone else). A week ago we were amused to see that the SEC charged the NYSE with a wristslap, one for $5 million dollars and where the NYSE naturally neither admitted nor denied guilt, accusing it of doing precisely what we said it, and all others, had been doing for years: namely getting paid by wealthy traders, those using the prop data feed OpenBook Ultra and other paid systems, to create and perpetuate a two-tiered market, all the while the regulator, i.e., the SEC was paid to look the other way. This action was nothing but a desperate, and futile, attempt to regain some investor confidence in the market. It has failed, and since said "enforcement" action has done nothing to restore confidence, expect to see more exchanges slapped with fines for actively perpetuating latency arbitrage opportunities for "some" clients. Well, since the SEC will be desperate to come up with more means of "restoring credibility" of both the market and its regulator, another exchange it may want to look at is the NASDAQ, which as Nanex demonstrates, may well have been engaging in comparable (most likely not pro-bono) latency arbitrage benefiting some: those paying for its direct feed aka TotalView, and thus not harming others, or those relying on the Consolidated Feed (UQDF) for data dissemination.

On Santelli's Queasiness About Bernanke's Quantitative-Easiness Between CNBC's Rick Santelli and PIMCO's Mohammed El-Erian, this brief clip succinctly sums up the 'less than ideal' reality of Bernanke's all-in bet and how the world is trying to 'trade' it. Santelli analogizes: "Visualize the biggest fire hose in the world, 20 miles away from a little Geranium plant? Now this hose is going and going and going, and ultimately, that Geranium plant gets a little bit of water but everything around it and leading up to it for miles around is just underwater. That's QE, in my opinion." To which El-Erian retorts: "at what point do you tell investors stop focusing on the benefits and make the collateral damage the investment theme?" It seems, given gold's outperformance, that this is exactly what is occurring as the hose-pipe's flood spills out everywhere.

Art Cashin And Dick Fisher Expose The Farce That America's Corrupt And Bought Congress Has Become Dick Fisher speaks: "Just recently, in a hearing before the Senate, your senator and my Harvard classmate, Chuck Schumer, told Chairman Bernanke, “You are the only game in town.” I thought the chairman showed admirable restraint in his response. I would have immediately answered, “No, senator, you and your colleagues are the only game in town. For you and your colleagues, Democrat and Republican alike, have encumbered our nation with debt, sold our children down the river and sorely failed our nation. Sober up. Get your act together. Illegitimum non carborundum; get on with it. Sacrifice your political ambition for the good of our country—for the good of our children and grandchildren. For unless you do so, all the monetary policy accommodation the Federal Reserve can muster will be for naught.”"

Presenting: President Inflation …regarding wobama/bernanke QE/currency debasement… It seems implicitly that Meyer Rothschild's famous quote: "Let me control a peoples' currency and I care not who makes their laws" has never been more true. Or perhaps, the odds can be gamed to become self-confirming (just as with HFT in stocks) - especially given the volume surge?

Romney releases 2011 tax return, paid IRS 14.1 percent { Average for americans is 13% … let’s talk about wobama’s record … of unequivocal failure … the real, ineluctable and ultimate issue he’s been trying to divert attention from … People must realize the magnitude of wobama’s failure and the unaffordable, insurmountable expense of obfuscation: ‘…those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure...’ ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness ( is now greater than ) $211 trillion’ … ) }

'TIME TO SHOW YOURS, HARRY'

President Obama Falsely Claims Fast and Furious Program "Begun Under the Previous Administration" Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…At some point, his statute of limitations on blaming Bush runs out…’

Obama: Biggest mistake too much perspiration, not enough inspiration [What total b***s***!] { Biggest mistake: too much b***s***, not enough substance; that’s reality, not spin! } White House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm } Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... [ Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against sending the DREAM Act to the Senate floor for full consideration. The bill would have created a path to citizenship for many young illegal immigrants brought to the United States as children. Last week, Obama announced plans to stop deporting illegal immigrants who would have qualified for the DREAM Act. The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama desperation hail mary’ that once again falls short. Indeed, as an investor, one analyzes earnings, projects prospective earnings over a 3-5 year horizon, and the quality of the earnings along macro economic factors which are affected by ‘political considerations’. Does anyone remember the honorable Ross Perot who warned of NAFTA’s effect on american jobs even as the democrat administration et als were hell-bent on passing same? Should Romney have breached his legal duty to shareholders and invested in companies with poor earnings prospects? After all, in the financial / security analysis step of projecting the income statement, prospective labor costs figure prominently in the bottomline. In sum, Romney took conditions as he found them, and made the prudent choices which as per his legal duty were optimal for those who put their trust in him. For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. ]
Will accept your birthday or anniversary gifts, too...

IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES (Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT (Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United States of America while Barack Obama is President.  The evidence is overwhelming:  everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed.  Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each.  Nearly 2-1/2 million fewer Americans have jobs than before the stimulus. Barack Obama has been President for 30 months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.  He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW.  His broken campaign promises are too numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!

Obama: 'We get Virginia, we win' { Well there you go….it’s now a one state Presidential race, winner take all…Wow!...The scary thing is that wobama seems to believe his own b***s***, even when he knows same to be false; as, ie., Dreams, etc.. Another choom gang fantasy? He really insults people’s intelligence. I personally believe, and strong case can be made, that wobama, like fellow chitown pol jackson, jr., suffers from psychological disorder(s). Indeed, at the least, from psychogenic/dissociative amnesia that makes the aforementioned facts beyond the grasp of his ‘current unreality’. I also believe that his heavy near everyday powerful pot (choom) use took its toll on his cognitive functions that have facilitated his outlandish claims and outright fabrications; exactly what the nation cannot afford in these critical/perilous times! }

Obama Blames GOP for Inability to Pass Immigration Reform { Riiiiight! Along with all wobama’s other broken campaign promises, some within his executive branch exclusive control, ie., those promised prosecutions of the biggest wall street frauds that never came, etc.. Always somebody else’s fault according to wobama the no accountability man, who motto is the debased buck stops with anyone but him. How pathetic! }

84 Statistics That Prove The Decline Of The Middle Class Is Real And That It Is Getting Worse

Michael Snyder | The middle class in America is being systematically destroyed.

http://albertpeia.com/84statsdeclinemidclassrealgettingworse.htm

IT’S OFFICIAL: It’s Been Announced That ‘Currency Wars’ Are Back On

Business Insider | Brazilian Finance Minister Mantega has just blasted the Fed’s QE3 policy for setting off “Currency Wars”.

Have the Last 5 Years Been Worse than the Great Depression?

Washington’s Blog | There are many indicators which show that the last 5 years have beenworse than the Great Depression of the 1930s.

9-20-12 Is America The Most Materialistic Society In The History Of The World? http://albertpeia.com/americanmaterialism.htm { When it comes to american fortunes especially; particularly, ie., fraudulent wall street-made fortunes, though there are otherwise some exceptions, that old adage displayed at the beginning of one of Francis Ford Coppola’s masterfully done mafia movies, viz., ‘Behind every fortune a crime’, is apposite. } , The richest and poorest U.S. cities by income http://albertpeia.com/25uscitiesbyincome.htm , 10 Quotes From Financial Experts About The Effect That QE3 Will Have On Gold And Silver http://albertpeia.com/10quotesfromfinancialexpertsreqe.htm

, Forget About QE… I’m Worried About UC September 20, 2012 http://gainspainscapital.com http://albertpeia.com/qeconsequences.htm ‘…Inflation is back in a big way. It’s not going to show up in the official numbers, but if you’ve paid for gas or food or healthcare recently, you’ve no doubt noticed that: A)   Things are a lot more expensive B)   You get way less bang for your buck (food packages are shrinking while prices remain the same) This has been the case for some time now. However, the Fed’s QE 3 program, combined with the ECB’s OMT program, (both of which are “open ended” or “unlimited” in scope), have taken things to a whole new level. Which is why we need to be concerned not with QE, but with UC: Unintended Consequences. The Fed is largely composed of academics with little if any professional/ banking experience. These are people who use flawed data (case in point, the inflation measures in the US are a joke) to build models that they believe explain how reality works…’ , Bernanke Fails At Herding Cats Again As Market Simply Front-Runs The Fed... Again Zerohedge.com Once again, the unintended consequences (or fundamental flaw as we noted previously) remain front-and-center, just as with prior episodes of QE, we have seen the market surge into the very assets that the Fed has promised to buy (in this case into Eternity). 30Y current coupon mortgages spread to 10Y Treasuries has fallen - rather stunningly - below 20bps. An all-time record low by a mile. Homebuilders and broad equity markets are not so excited as in his failed attempts to drive people into risky assets (stocks), those 'smart' people have simply front-run the Fed's MBS buying deluge  - more than willing to sell the market back to the Fed while reaping some additional yield. , The Payoff: Why Wall Street Always Wins {and everyone else loses} - An Excerpt ‘...the pushback from Wall Street was intense and multi-pronged. The Blob oozed through the halls of government, seeking, through its glutinous embrace, to immobilize the legislative and regulatory apparatus, thereby preserving the status quo. The executive jets of the Wall Street air force flew sortie after sortie, transporting high-ranking emissaries from new York to Washington to meet with the SEC, [Senator Chris] Dodd and [Senator Richard] Shelby staff, and the staff of other senators on the Banking Committee. Some of the executives, no doubt less enthusiastically, even met with Josh and me. The research companies and market experts Wall Street employs also raised their voices against us. At times it got ugly. Ted was called a crackpot and dangerously uninformed. He was accused of “politicizing” market regulation (a strange notion considering he wasn’t running for election). It seemed as if Wall Street, which wasn’t used to someone on Capitol Hill asking in-depth questions about arcane issues, wished to silence or marginalize its critics. Industry people would always ask me, “What got Kaufman so interested in this stuff?” Used to politicians whose top priorities were to please their home-state business interests and raise money, they had trouble fathoming that Ted was so interested because it was the right thing to do. He believed in fair markets. And because he was genuinely concerned about emerging issues that threatened the stock market, where half of all Americans keep a sizable portion of their retirement savings.’ , Jim Grant: We Are Now All Labrats Of Bernanke And The Fourth Branch Of Government ‘.."The Experiment Economy".."We are all living in a land of speculation and manipulation" is Grant's summary of the current predicament of anyone who wishes to trade these "markets" and it may as well be the best synopsis of the New (ab)normal..’ , Guest Post: How to Navigate An Economy Weighed Down By Government Meddling and Cronyism , Meet Robert Rubin: The Man In Charge … of failure , Art Cashin's Post Mortem On Japan's Now Failed QE 8 , Philly Fed Posts Fifth Consecutive Negative Print, As Hopium Soars By Most Since 1991 The Philly Fed's current September Business Indicators index, long ignored when bearish and cheered when bullish, came slightly above expectations of -4.5, printing higher from last week's -7.1 to -1.9. This was the fifth consecutive negative print. And while there were no major highlights in the index, whose New Orders rose from -5.5 to 1.0 at the expense of Shipments and Inventories, both of which imploded to worse then -20, the real story is the Six Months expectations index, which exploded from 12.5 to 41.2: this was the biggest spike may not ever, but certainly in the past 22 years! Is there any wonder why everyone is transfixed with hope that Q4 will be the deus ex that saves the US economy. And so we are back to being a hopium driven economy - when reality sucks, there may not be much change, but there is always hope that finally, the central planners will get it right, and the future will be so bright you've gotta wear Made in China shades. One word of caution: if the so very much anticipated and 100% priced in Q4 recovery does not materialize, and with the fiscal cliff and debt ceiling issues still unresolved, get the hell out of Dodge, as the spread between hope and reality comes crashing.

Bad News Is Bad News Again We explained last week why the initial exuberance from QEternity was likely to fade since it basically removed all suspense from futures FOMC announcements - i.e. that bad news would once again become bad news as opposed to bad news stoking the hopes or more-er QE. Well this morning's bad news - to wit: China PMI, Europe PMI, and US initial claims - has indeed had a detrimental impact on S&P futures as they approach fresh post-FOMC lows. , Odds Of Avoiding Recession: One In Thirty , Initial Claims Print Is So Bad, It Is Actually Good, That Market Sees It As Bad Today's initial claims print was the 5th week out of 6 in which expectations missed: instead of coming in at the consensus number of 375K, down from last week's 382K, the BLS reported a miss to expectations of 7K, resulting in a seasonally adjusted number of 382K, or what is now once again secular shift higher. But, wait big miss was actually good news: why? Because the ever data-massaging BLS was kind enough to revise last week's print upward (for the 86th week in a row) from 382K to 385K (just as we predicted last week) which in turn led to such farcical headlines as " U.S. weekly jobless claims drop slightly to 382,000" from the WSJ. And so bad news is now great headlines: Orwell would be proud. Here is an alternative and realistic headline: "Initial Claims Rise Post Next Week's Upward Revision." , Bank Of America To Fire 16,000 By Year End , The New Con: Three-Card-Mario

Reality Strikes As Italy Slashes Economic Growth, Hikes Deficit Forecast

Submitted by Tyler Durden on 09/20/2012

For all those who thought the smooth-talking, avuncular Goldman operative Mario Monti would never lie when he said "Italy is fine", we have some bad news. He did:

*ITALY REVISES 2012 GDP TO -2.4% FROM -1.2%

*ITALY REVISES 2013 GDP TO -0.2% FROM GROWTH OF 0.5%

*ITALY RAISES 2012 DEFICIT TARGET TO 2.6% FROM 1.7%

*ITALY REVISES 2013 DEFICT TO 1.6% OF GDP FROM 0.5%

*ITALY SEES 2012 DEBT AT 126.4% OF GDP, 2013 DEBT AT 127.1%

9-19-12 It’s Time to Air Out Ben Bernanke’s Dirty Laundry http://albertpeia.com/rainmanhelicopterbensdirtylaundry.htm , What Mitt Romney Also Said: A Glimpse Of The Endgame? ZeroHedge.com http://albertpeia.com/mittalsosaid.htm , 'Krugman's Kryptonite' Pedro Schwartz On Creating Money Out Of Thin Air "A serious inflationary disaster will only be prevented if governments succeed in reducing their deficits and stop selling bonds" is how the infamous destroyer of Krugman, Pedro Schwartz, describes the dangerous 'tennis match' being played between The Fed and The ECB. In an excellent interview with GoldMoney's James Turk, the Spanish 'Austrian' economist talks about bank regulation, the creation of money out of thin air, and the beauty of a trult free market system. From fictional reserve lending to the fragility (and boom-bust cycles) of our financial system, the mild-mannered 'Keynesian-Krusher' concludes that "there has to be a change in social mentality - so that people realize that nothing is free, and the government has to shrink." , The Fate Of The Rally Now Rests In The Hands Of The US Consumer A funny thing happened on the way to QEternity - multiples expanded by an aggressive 2x to reach their highest in two years as the print-gasm hope was 'priced in' to the nominal value of the US equity indices (and fundamentals didn't matter). During this period, which was all about anticipation of the Fed, the real economy (that is earnings and revenues) have been disappointing. From here, now that Ben has blown his eternal wad, it is up to EPS and multiples - which leaves us with a little problem. As the chart below shows, the next few quarters are the very picture of hopes, dreams, and unicorns as Q4 EPS is somehow magically expected to stop a straight line decline in YoY profits - and soar by 10%. The driver of this miracle is the good old US Consumer - as discretionary spending now accounts for 100% of the expected EPS growth and 300% of the revenue growth for the post-election, pre-year-end extravaganza that is the lame-duck 'fiscal-cliff'-denying lead up to the holidays. As we said yesterday, either you believe in math or you believe in magic. , Bonds Up, Stocks Up (Just) Equity markets drifted from an unch open to the overnight post-BoJ highs - albeit in an 8 point range and low volumes once again, before giving it all back in the last few minutes - as it dumped to VWAP (again!!). In other 'real' markets, Treasuries rallied - led by the long-bond playing catch up, the USD sold off on the day - aside from a post-BoJ recovery higher which was dissolved into the US day session open, Gold/Silver/Copper inched higher as the USD weakened but Oil continued its post-QE ritual sacrifice - now down 5.5% from pre-FOMC (back under $92) as the Saudi's promise more supply and the IEA build was heavy. Credit markets underperformed - but we suspect this was pre-roll moves and is not too signal-prone. Some standouts in the unreal world of our efficient equity markets, JCP's remarkable rip-and-dip, AAPL's rapid devolution from record highs to VWAP and an unch close at the last minute on huge volume, and QCOR's multiple-halt day ending down 48%. VIX (fell modestly) and the S&P 500 are back in sync and tracked each other all day. After the day-session close (small green), S&P futures drifted further down and ended practically unchanged - on a heavy volume push. , Norfolk Southern, Adobe Cut Outlook , South African Violence Returns As All Miners Demand Pay Hike , Sentiment Nearing Record Bullishness While we are bombarded with talking heads telling us that there is money-on-the-sidelines and everyone is so bearish with the market climbing a wall of worry, the reality - as we see across multiple asset classes - is that investors are overweight risk assets (e.g. credit investors overweight IG and HY and mutual fund cash at record lows), near-extreme levels of bullishness (AAII and Put-Call Ratios), near extreme levels of non-bearishness (AAII), and yet credit investors believe markets are overvalued (though still buying) even as IG and HY bonds are seeing near-record highs in advance-decline. , Gundlach Is Not A Fan Of Socialism, Thinks Apple Is "Over-Bought" "the obsession with Apple is a truly remarkable social phenomenon - the stock is over-believed and over-bought. There is NO exit for the Fed, QE3 will be ineffective, and it is more likely that the Fed buys all the Treasury bonds that exist." , Guest Post: The Inevitable Decline Of Retail , Prepare For A 15% Food Price Surge, Rabobank Warns The record US, and global, drought has come and gone but its aftereffects are only now going to be felt, at least according to a new Rabobank report, which asserts that food prices are about to soar by 15% or more following mass slaughter of farm animals which will cripple supply once the current inventory of meat is exhausted. From Sky News: "The worst drought in the US for almost a century, combined with droughts in South America and Russia, have hit the production of crops used in animal feed - such as corn and soybeans - especially hard, the report said. As a result farmers have begun slaughtering more pigs and cattle, temporarily increasing the meat supply - but causing a steep rise in the price of meat in the long-term as production slows. "Farmers producing meat are simply not making enough money at the moment because of the high cost of feed," Nick Higgins, commodity analyst at Rabobank, told Sky News. "As a result they will reduce their stock - both by slaughtering more animals and by not replacing them." Somewhat ironically. food prices are now being kept at depressed prices as the "slaughtered" stock clears the market. However once that is gone look for various food-related prices to soar: a process which will likely take place in early 2013, just in time to add to the shock from the Fiscal Cliff, which even assuming a compromise, will detract from the spending capacity of US (and by implication global) consumers. , Guest Post: The Trouble With Printing Money , ECB Debasement Is Akin To Work Of Devil – Risk Of “Rapid Currency Depreciation” , August Housing Starts Less Than Expected, Rise From Downward Revised Print , JPY10 Trillion Intervention Half-Life: 5 Hours; Full Fade: 9 Hours , Chinese Protesters Chant "Down With US Imperialists", Attack Car Of US Ambassador In Beijing

Frontrunning: September 19

Submitted by Tyler Durden on 09/19/2012

Deposit Flight From Europe Banks Eroding Common Currency (Bloomberg)

BOJ eases monetary policy as global slowdown bites (Reuters)

Stalled Rally Puts Pressure on Spain (WSJ)

Missed Chances Stoke Skepticism Over EU’s Crisis Fight (Bloomberg)

Germany's big worry: China, not Greece (Reuters)

Goldman names new CFO, heralding end of an era (Reuters)

Russia Demands U.S. Agency Halt Work (WSJ)

Fed’s Dudley Says Easing Vital to Spur Too-Slow Growth (Bloomberg)

Romney under fire from all sides (FT)

Poland cuts red tape to spur growth (FT)

IMF to Put Argentina on Path to Censure Over Inflation Data (Bloomberg)

The Trouble with Printing Money

peakprosperity.com | QE3 reflects a colossal failure to address our predicament.

The Federal Reserve Is Systematically Destroying Social Security And The Retirement Plans Of Millions Of Americans

Michael Snyder | The Federal Reserve is absolutely crushing savers and is systematically destroying Social Security.

“Dollar Index Headed for Rapid Collapse” Over Next 3 to 4 Weeks

Mac Slavo | If you think the Federal Reserve’s quantitative easing will only affect the US dollar, think again.

Fake Gold Bars Are Being Sold In New York

Business Insider | The Secret Service is reportedly investigating the matter.

Beijing hints at bond attack on Japan

London Telegraph | A senior advisor to the Chinese government has called for an attack on the Japanese bond to bring the country to its knees.

9-18-12 Draghi and Bernanke’s Worst Nightmares Are About to Unfold ‘…they’ve both failed…’ http://albertpeia.com/draghibernankeworstnightmare.htm , MARKET WATCH HEADLINES http://albertpeia.com/marketwatchheadlines.htm , The Federal Reserve Is Systematically Destroying Social Security And The Retirement Plans Of Millions Of Americans http://albertpeia.com/feddestroyingsocialsecurity.htm , Tungsten-Filled 10 Oz Gold Bar Found In The Middle Of Manhattan's Jewelry District ZeroHedge.com It is one thing for tungsten-filled gold bars to appear in the UK, or in Germany: after all out of sight, and across the Atlantic, certainly must mean out of mind, and out of the safe. However, when a 10 ounce 999.9 gold bar bearing the stamp of the reputable Swiss Produits Artistiques Métaux Précieux (PAMP, with owner MTP) and a serial number (serial #038892, likely rehypothecated in at least 10 gold ETFs across the world but that's a different story), mysteriously emerges in the heart of the world's jewerly district located on 47th street in Manhattan, things get real quick. Moments ago, Myfoxny reported that a 10-ounce gold bar costing nearly $18,000 turned out to be a counterfeit. The discovery was made by the dealer Ibrahim Fadl, who bought the PAMP bar in question from a merchant who has sold him real gold before. "But he heard counterfeit gold bars were going around, so he drilled into several of his gold bars worth $100,000 and saw gray tungsten -- not gold. The bar was filled with tungsten, which weighs nearly the same as gold but costs just over a dollar an ounce." , Bundesbank's Weidmann Likens Draghi's OMT To "Devil's Work" , Bernanke, The Blind Archer , Guest Post: Corporate Profits Squeeze For Large Caps , Your Taxes At Work: All You Need To Know About Who Pays What Taxes In The US since the charts speak for themselves. From Buffett to a Burger-flipper, everyone has a view - driven in large part by their anchoring bias of who they choose to listen to. The graphics below will help, we hope, to clarify that thinking - whether you are the 1%, 47%, or 99%... , Bond Wars: Chinese Advisor Calls For Japanese Bond Dump , Taylor Rule Says The Fed Should Be Tightening Now , The One Chart That George Washington Would Not Want To See … the median net worth of the middle class has plunged 28% since 2000 back to early 90s levels (while the ruling class is up around 1%) and the lower tier down around 45%. Forget the lost decade, watch these 90 seconds to get a clue and see that Japan is not the only nation suffering under 20 years of subjugation. , US Totalitarian State Wins After All: Obama Reinstates NDAA Military Detention Provision ‘…as Russia Today reports, a lone appeals judge bowed down to the Obama administration late Monday and reauthorized the White House's ability to indefinitely detain American citizens without charge or due process. On Monday, the US Justice Department asked for an emergency stay on the previous Chris Hedges'-driven order, and hours later US Court of Appeals for the Second Circuit Judge Raymond Lohier agreed to intervene and place a hold on the injunction. The stay will remain in effect until at least September 28, when a three-judge appeals court panel is expected to begin addressing the issue. It would appear the total fascist takeover of Amerika is drawing nearer by the day. , Head Of MF Global Equity Derivatives Trading Launches Hedge Fund Several weeks ago we learned that 2011's vaporizer extraordinaire Jon Corzine is contemplating starting his own hedge fund: presumably one that invests all its capital in Italian 2 year bonds, charges 2 and 20, and then disappears when all LP capital blows up in an AUM supernova. Today, we learn that the stigma freeze associated with all other former MF Global trading whizkids has officially melted, as the former head of equity derivatives of MF Global has just launched a new hedge fund. From Bloomberg: "Daniel Bystrom, former head of equity derivatives trading at MF Global Inc., and Neil Boyarsky plan to start Hawksfield Capital LLC, a New York-based equity volatility hedge fund, by the end of this month. Hawksfield Capital will start with $10 million to $20 million of Bystrom and Boyarsky’s own money, as well as capital from friends and family, Bystrom said in a telephone interview. “The fund will deliver returns that are uncorrelated and often negatively correlated to the returns of the typical hedge- fund strategy,” Bystrom said. “The opportunity set expands dramatically in times of higher volatility, when most other asset classes are not performing well.” Such as the stock of MF Global perhaps? , Some Shocking Perspectives On Inflation And Currency Destruction By None Other Than The Federal Reserve Going back to the FOMC's own archives reveals some truly stunning disclosures arising from none other than the Federal Reserve on the topics of inflation, currency "debauching", money creation, and what it would take for the Communists and Stalin to win. "I agree with you entirely that the Soviet dictators would like to bring about our economic collapse and, as you know, inflation is perhaps the greatest force for arraying the various sectors of a capitalistic economy against each other. John Maynard Keynes stated in his 'Economic Consequences of the Peace' (1919): 'Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency...Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of Society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.'" , The Fed's Financial Repression 'Game'

Fed’s ‘QE-Infinity’ Will Push Gold Up to $2,400: Pro

CNBC | Guy Adami: “Since the Roman Empire, all fiat currencies have ended poorly.”

Max Keiser: Ultimate QE3 Meltdown

Infowars.com | Max Keiser reveals the true financial agenda behind QE3.

How QE3 Will Make The Wealthy Even Wealthier While Causing Living Standards To Fall For The Rest Of Us

Michael Snyder | The mainstream media is hailing QE3 as a great victory for the U.S. economy.

Russia Forgives $11 Billion In North Korean Debt

Business Insider | The deal could also help pave the way for a new gas pipeline.

As The China-Japan Conflict Escalates, Whom Will The US Support?

Zero Hedge | In the end only one thing will matter. Money, or more specifically, debt and credit formation.

Here Are The 47% Of The Population Who Don’t Pay Federal Income Tax

Business Insider | The 47 percent number presumably refers to the percent of the population who don’t pay Federal Income Taxes.

Obamacare to cause massive job losses across food service industry

J. D. Heyes | Obamacare is set to claim another casualty – the food service industry.

9-17-12 How QE3 Will Make The Wealthy Even Wealthier While Causing Living Standards To Fall For The Rest Of Us http://albertpeia.com/qe3wealthywealthiertherestpoorer.htm , Where We Are and Where We’re Going (Week of September 17, 2012) http://gainspainscapital.com http://albertpeia.com/hereandthere.htm , ‘My sense is [QE3] is going to have a greater effect on inflation and a minimal impact on jobs.’—Jeffrey Lacker President , Richmond Federal Reserve Bank , Dave’s Daily: http://etfdigest.com ‘MARKETS TAKE A BREAK 9-17-12 China stocks were hit hard yesterday with Shanghai indexes weaker by 2-2.5% and down to levels not seen since 2009. Much of this has to do with leadership uncertainty as a changeover is at hand. The current government seems caught between stimulus given weakening economic data and inflation concerns occasioned by food, energy and housing prices. This data in turn caused eurozone stocks to fall which then hurt U.S. markets. In the U.S. the poor Empire State Mfg Survey results (-10.41 vs -2.00 expected & prior -5.85) continues to indicate economic contraction. For bulls this may be QE friendly (“bad news is good” theme) but given the rally already experienced caused some profit-taking.We should remember previous QE programs haven’t succeeded in solving the economy’s primary problems—unemployment and protecting the purchasing power of the dollar (energy & food). I would say the bloom isn’t off the QE rose just yet but markets were much overbought and needing a break with some reflection.Not tolerating any break is the real U.S. stock market doing business as Apple (AAPL) which continues to ignore its lesser members and rally. It’s said nearly 2M new iPhone 5s were ordered already. Imagine all the new phone plans buyers have to negotiate. Many Americans previously tied down by car debt (and still are) now have cell phone provider debts to deal with as well.Everything that was up last week begins this week lower and vice versa. There may have been some kind of trading event at the CME regarding crude oil which dove sharply in minutes. The pulled other commodity prices sharply lower as well. Analysts were hard-pressed to explain it.Volume Monday returned to its former light volume ways perhaps highlighting a new normal. Breadth per the WSJ was negative relieving some short-term overbought conditions.’ , University of Colorado prediction model points to big Romney win Read more: http://dailycaller.com/2012/08/23/university-of-colorado-prediction-model-points-to-big-romney-win/#ixzz26ZnrMS7E , How China's Rehypothecated "Ghost" Steel Just Vaporized, And What This Means For The World Economy Zerohedge.com One of the key stories of 2011 was the revelation, courtesy of MF Global, that no asset in the financial system is "as is", and instead is merely a copy of a copy of a copy- rehypothecated up to an infinite number of times (if domiciled in the UK) for one simple reason: there are not enough money-good, credible assets in existence, even if there are more than enough 'secured' liabilities that claim said assets as collateral. And while the status quo is marching on, the Ponzi is rising, and new liabilities are created, all is well; however, the second the system experiences a violent deleveraging and the liabilities have to be matched to their respective assets as they are unwound, all hell breaks loose once the reality sets in that each asset has been diluted exponentially. Naturally, among such assets are not only paper representations of securities, mostly stock and bond certificates held by the DTC's Cede & Co., but physical assets, such as bars of gold held by paper ETFs such as GLD and SLV. In fact, the speculation that the physical precious metals in circulation have been massively diluted has been a major topic of debate among the precious metal communities, and is the reason for the success of such physical-based gold and silver investment vehicles as those of Eric Sprott. Of course, the "other side" has been quite adamant that this is in no way realistic and every ounce of precious metals is accounted for. While that remains to be disproven in the next, and final, central-planner driven market crash, we now know that it is not only precious metals that are on the vaporization chopping block: when it comes to China, such simple assets as simple steel held in inventories, apparently do not exist. , It's Just Getting Stupid! As Cantor's Peter Cecchini notes today "when things are this senseless, a reversion to sensibility will occur again at some point." His view is to be long vol and as the disconnect between the economic cycle and stocks continues to grow, we present three mind-numbing charts of the exuberant hopefulness that is now priced in (oh yeah, aside from AAPL actually selling some iPhones in pre-order). Whether it is earnings hockey-sticks, global growth ramps, or fiscal cliff resolutions, it seems the market can only see the silver-lining. We temper that extreme bullish view with the fact that all the monetary policy good news has to be out now - for Ben hath made it so with QEternity. , Goldman On The Fiscal Cliff: Worse Before It Gets Better As we have explained recently, the US fiscal cliff is a far more important issue 'fundamentally' than the Fed's economic impotence. While most market participants believe some kind of compromise will be reached - in the lame-duck session but not before the election - the possibility of a 3.5% drag on GDP growth is dramatic to say the least in our new normal stagnation. As Goldman notes, the window to address the fiscal cliff ahead of the election has all but closed, the 40% chance of a short-term extension of most current policies is only marginally better than the probability they assign to 'falling off the cliff' at 35%. The base case assumptions and good, bad, and ugly charts of what is possible are concerning especially when a recent survey of asset managers assigned only a 17% chance of congress failing to compromise before year-end. Critically, and not helped by Bernanke's helping hand (in direct opposition to his hopes), resolution of the fiscal cliff will look harder, not easier, to address as we approach the end of the year - and its likely only the market can dictate that direction - as the "consequence is terrible, but bad enough to force a deal." , Markets Gone Wild UPDATE: Denial: *WHITE HOUSE'S CARNEY SAYS `NO CHANGE' ON OIL RESERVES , Guest Post: The Fed Has Failed, Failed, Failed , Full Summary Of The Latest In Anti-American Sentiment , Japanese Businesses Shuttering Chinese Facilities As Mainland Anger Spreads , Empire Manufacturing Index Prints At Lowest Since April 2009 Today's horrible piece of news, which at least on the surface was supposed to send the market soaring, comes courtesy of the Empire Fed Manufacturing Index, which printed at -10.41, the lowest print since April 2009, down from -5.85, and well below expectations of -2.0. The Index print confirmed the biggest 6 month drop since records began. The components painted a dire picture for jobs, with the employment index sliding from 16.47 to 4.26, New Orders tumbling from -5.50 to -14.03, while, wait for it, prices rose, from 16.47 to 19.15. Re-stagflation here we come. Market for now seems confused - since QE is priced into infinity, it is unclear if this latest datapoint confirming a recessionary economy, QE can't be more-er infiniter. Best to not respond to this, or any other macro news at all, which is precisely what the market has done. For those who missed it, not only has Bernanke doomed the global economy to stagflation and imminent food riots, while making the richest 0.001% richer than ever, he has completely broken any linkage between the economy and the market. , Faber: Own Gold – “Don’t Store It In The U.S., The Fed Will Take It Away From You One Day”

NC man once on death row charged in wife's slaying The Associated Press - By MITCH WEISS, AP - CHARLOTTE, NC (AP) - Joseph Green Brown refused to run from his troubled past. He'd tell audiences he was only hours from being executed on Florida's death row. { The (corrupt nigger / pro-mob state of) connecticut connection ‘…Richard Blumenthal, now a U.S. senator from Connecticut, represented Brown on appeal as a volunteer attorney for the NAACP Legal Defense Fund. He was in private practice at the time.Blumenthal said in 1987 that the Brown case changed his view of the death penalty "because it provided such a dramatic illustration of how the system could be fallible and cause the death of an innocent person."Blumenthal declined to comment Sunday on his involvement in the case, and did not respond to requests for comment Monday…’…I should have known! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

Guest Post: Dagan vs Netanyahu A regional war in the Middle East could result, potentially sucking in the United States and Eurasian powers like China, Pakistan and Russia. China and Pakistan have both hinted that they could defend Iran if Iran were attacked — and for good reason, as Iran supplies significant quantities of energy. And with the American government deep in debt to foreign powers like China who are broadly supportive of Iran’s regime, America’s ability to get involved in a war on Israel’s behalf is highly questionable. And even without a war, further hostility and tension between America and her creditors would surely result in an even faster rush toward more bilateral and multilateral agreements to ditch the dollar for trade, something that America will almost certainly seek to avoid. So even with a President in the White House significantly more sympathetic to Netanyahu than Obama, America may find herself constrained by the realities of global economics, and unable to assist Israel. Most discouragingly, such a high risk operation seems to offer very little reward — a successful Israeli strike on Iran is estimated to set back Iran’s program by only one to three years. And such an operation would likely require bombings over many days and in many locations. If Netanyahu wishes to go ahead with such a scheme then that is his prerogative. But if he will not listen to Dagan’s wise counsel, why should the West rush to his aid if his scheme backfires?

9-14-12 The Fed’s QE 3 Program: Short Term Thinking For Long-Term Pain September 14, 2012 http://gainspainscapital.com http://albertpeia.com/shorttermthinkinglongtermpain.htm { The problem is, it’s not even sound short-term thinking. Oh sure, the fraudulent churn and earn markets are loving this, yet some see this ‘non-economic’, costly obfuscating scam for its real effect and detriment; ie., Egan-Jones downgrades U.S. rating on QE3 move , etc.. } Yesterday the Fed announced QE 3: an open ended program through which the Fed will purchase $40 billion worth of Mortgage Backed Securities every month until it decides that the world is right again. The implications of this are severe. However, the first question we have to ask is, “why now?”After all, stocks were already at 4-year highs, food and energy prices were soaring, interest rates were at record lows, etc. On top of this, the Fed failed to announce QE 3 for over a year (QE 2 ended June 2011). Why announce it now? There are only two reasons: 1)   Things are in fact far worse behind the scenes than we know (the Fed HAD to do something to get more money into the system) 2)   Politics ..…’

Egan-Jones downgrades U.S. rating on QE3 move By Wallace Witkowski

SAN FRANCISCO (MarketWatch) -- Egan-Jones Ratings Co. said Friday it downgraded its U.S. sovereign rating to AA- from AA on concerns that the Fed's new round of quantitative easing, or QE3, will hurt the U.S. economy. The ratings agency said the Fed's plan of buying $40 billion in mortgage-backed securities a month and keeping interest rates near zero does little to raise GDP, reduces the value of the dollar, and raises the price of commodities. "From 2006 to present, the US's debt to GDP rose from 66% to 104% and will probably rise to 110% a year from today under current circumstances; the annual budget deficit is 8%," Egan-Jones said in a note. "In comparison, Spain has a debt to GDP of 68.5% and an annual budget deficit of 8.5%."

Egan-Jones downgrades U.S. rating to AA- from AA

Inflation worries push TIPS ETF to new high

BREAKING: Mo.'s Truman Bank is year's 42nd U.S. bank failure

U.S. stocks trim rise after U.S. downgrade

Oil briefly tops $100 after Fed stimulus pledge

10 Shocking Quotes About What QE3 Is Going To Do To America http://albertpeia.com/10shocksregardingwhatqe3willdotous.htm

Dave’s Daily: http://etfdigest.com [ Anti-American fury sweeps across an inflamed Muslim world { Despite casting this as being over a film, it’s not just the film; but as well, blowback for innumerable policy missteps that ultimately included direct or indirect acts of violence/aggression. These people are not blind, nor are they utter fools despite america et als’ foolish assumptions and presumptions to the contrary. } ] ‘…Economic data released Friday would normally be significant but not in this QE “more money than brains” environment. The CPI came in as advertised (.6% vs .6% expected & prior .1%; “core” .1% vs.2% expected & prior .1%) but remains the manipulated joke passed off as legitimate data. Retail Sales were also about as expected (.9% vs .8% expected & prior .9%) but then comes more comedy as Retail Sales ex-gas & autos (.1% vs .4% expected & prior .8%) provides a better picture. Industrial Production laid an egg (-1.2% vs 0% expected & prior .5%) which is more difficult to manipulate. Consumer Sentiment jumped (79.2 vs 73.5 expected & prior 74.3) but this too isn’t as reliable a view as the Conference Board’s Consumer Confidence data which was crushed the previously. Why the difference? The current data point is more heavily skewed to stock prices. Lastly Business Inventories (.8% vs .5% expected & prior .1%) you can draw two conclusions: companies are building inventory to meet demand or they’re stuck trying to unload what has accumulated.The infrequently modified DJIA dropped Kraft (KFT) and substituted United Health Care (UNH) as the former is restructuring and spinning off subsidiaries. And, as if it matters, lesser known but increasingly well regarded Egan Jones downgraded U.S. debt once again from AA to AA- with the idea QE3 will do more harm than good. (They’re so off the main narrative, eh?)So QE3 is in hand and stocks followed through modestly higher led by financials (XLF), banks (KBE) and materials (XLB). The dollar (UUP) continued its decline (inflationary) while base (DBB) and precious metals (GLD & SLV) continued to rise. Bonds (IEF) and (TLT) continued to decline. Volume continued to rise Friday but we saw afternoon profit-taking as markets are short-term substantially overbought. Breadth per the WSJ was positive once again…’

Stocks Are Not Cheap ZeroHedge.com 9-14-12 Valuations; stocks are cheap; money-on-the-sidelines; everyone's bearish; trend is your friend. We've all heard them and we've all played them but the following charts from Morgan Stanley will at least provide some nuance of sense for those stunned into silence by a market seeing its nominal price surging amid Bernanke blowing bubbles. The headline is - with real rates this low (and staying low for a few more years yet) current P/E multiples are extremely high and even on a long-run empirical basis, hope remains excessive at 22xShiller P/E versus an average 16x. Remember, a long-term investment is a short-term trade gone bad. But it seems for now that you buy because you'll always be able to sell it back higher to the next smarter dumber greater fool.

Guest Post: We Need a New Stock Market

Submitted by Tyler Durden on 09/15/2012

Here are some common-sense rules for such a "new market":

Every offer and bid will be left up for 15 minutes and cannot be withdrawn until 15 minutes has passed.

Every security--stock or option--must be held for a minimum of one hour.

Every trade must be placed by a human being.

No equivalent of the ES/E-Mini contract--the futures contract for the S&P 500--will be allowed. The E-Mini contract is the favorite tool of the Federal Reserve's proxies, the Plunge Protection Team and other offically sanctioned manipulators, as a relatively modest sum of money can buy a boatload of contracts that ramp up the market.

All bids, offers and trades will be transparently displayed in a form and media freely available to all traders with a standard PC and Internet connection.

Any violation of #3 will cause the trader and the firm he/she works for to be banned from trading on the exchange for life--one strike, you're out.

Is such a retail-trader friendly exchange possible? There would certainly be a nice profit in it, for everyone who is tired of providing liquidity for HFT firms would flee the existing exchanges in a New York minute.

BofA Sees Fed Assets Surpassing $5 Trillion By End Of 2014... Leading To $3350 Gold And $190 Crude , Rosenberg: "If The US Is Truly Japan, The Fed Will End Up Owning The Entire Market" ‘… The wealth effect may well stimulate economic activity at the bottom of an inventory or a normal business cycle. But this factor is really irrelevant at the trough of a balance sheet/delivering recession. The economy is suffering from a shortage of aggregate demand. Full stop. It just perpetuates the inequality that is building up in the country, and while this is not a headline maker, it is a real long term risk for the health of the country, from a social stability perspective as well , On This Week In History, Gas Prices Have Never Been Higher , Egan Jones Downgrades US From AA To AA- From Egan-Jones, which downgraded the US for the first time ever last July, two weeks ahead of S&P: "Up, up, and away - the FED's QE3 will stoke the stock market and commodity prices, but in our opinion will hurt the US economy and, by extension, credit quality. Issuing additional currency and depressing interest rates via the purchasing of MBS does little to raise the real GDP of the US, but does reduce the value of the dollar (because of the increase in money supply), and in turn increase the cost of commodities (see the recent rise in the prices of energy, gold, and other commodities). The increased cost of commodities will pressure profitability of businesses, and increase the costs of consumers thereby reducing consumer purchasing power. Hence, in our opinion QE3 will be detrimental to credit quality for the US." , Guest Post: QE3 And Bernanke's Folly - Part I , Inflation Expectations Suggest 5% Inflation Is In The Cards ‘…there is a clear lag between the rise in market-implied inflation and it showing up in the unicorn-laden CPI prints [ Actually, it’s just plain understated, and, not the first time they’ve lied … ( Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation .. is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…) ] - what this means is that given the hubris of the Fed yesterday, market expectations of inflation are inferring CPI could rise to over 5% within the next 3 to 6 months. It will surely be difficult for Ben to keep-on-buying ('Finding Nemo'-like) in the face of that kind of 'transitory' rise in real data - though for now, real money remains bid as risk comes off a little (even as the long-bond yield blows 26bps higher this week) - oh and CPI and PPI jump their most in 3 years.’ , Germany Opines: "Obama's Middle East Policy Is in Ruins" , Guest Post: This Is Blowback ZeroHedge.com The YouTube video depicting Mohammed is nothing more than the straw that broke the camel’s back. This kind of violent uprising against American power and interests in the region has been a long time in the making. It is not just the continuation of drone strikes which often kill civilians in Pakistan, Yemen, Somalia and Afghanistan, either. Nor is it the American invasions and occupations of Iraq and Afghanistan. Nor is it the United States and the West’s support for various deeply unpopular regimes such as the monarchies in Bahrain and Saudi Arabia (and formerly Iran). Nor is it that America has long favoured Israel over the Arab states, condemning, invading and fomenting revolution in Muslim nations for the pursuit of nuclear weapons while turning a blind eye to Israel’s nuclear weapons and its continued expansion into the West Bank.

Anti-American fury sweeps across an inflamed Muslim world { Despite casting this as being over a film, it’s not just the film; but as well, blowback for innumerable policy missteps that ultimately included direct or indirect acts of violence/aggression. These people are not blind, nor are they utter fools despite america et als’ foolish assumptions and presumptions to the contrary. [ Guest Post: This Is Blowback ZeroHedge.com The YouTube video depicting Mohammed is nothing more than the straw that broke the camel’s back. This kind of violent uprising against American power and interests in the region has been a long time in the making. It is not just the continuation of drone strikes which often kill civilians in Pakistan, Yemen, Somalia and Afghanistan, either. Nor is it the American invasions and occupations of Iraq and Afghanistan. Nor is it the United States and the West’s support for various deeply unpopular regimes such as the monarchies in Bahrain and Saudi Arabia (and formerly Iran). Nor is it that America has long favoured Israel over the Arab states, condemning, invading and fomenting revolution in Muslim nations for the pursuit of nuclear weapons while turning a blind eye to Israel’s nuclear weapons and its continued expansion into the West Bank. ] }

Romney and the GOP still toe the Bush line Republican leaders are sick and tired of Democrats blaming all the nation's problems on George W. Bush, and of being tarnished by the former president's legacy. { The problem for the democrats is that, unfortunately for the nation and world, wobama’s essentially followed dumbya bush’s failed legacy with few exceptions (ie., wobama/holder’s predisposed contraindicated favoritism/bias towards blacks including black panthers, etc.). Indeed, many within ‘the fold’ include ‘bush men’ (ie., mueller, bernanke, etc.); and comparable failed policies as, ie., protracted unnecessary war, profligate spending worse than bush, rule by proclamation/executive orders, no prosecution of huge wall street frauds, etc., all contrary to campaign promises/b***s*** that got him elected, a mistake that won’t be repeated this time around. }

9-13-12 Graham Eats Humble Pie September 13, 2012 http://gainspainscapital.com { This is an especially great opportunity to sell this suckers’ market/take profits! Nothing’s been solved! Just because ‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember that ‘no recession call’ of his; and, of course, no QE before the election, prospectively, already discounted many times over by the ‘markets, such as they are, ie., algo buy programs, etc.. ). All this and now ‘whatever’ is too little and too late for the uss Titanic which has taken on too much, not water, but b***s***. This was a desperate move, bespeaking desperation.The fact is things are ominously so bad, and worse than ‘allowed’ to be seen for the moment, that something as this QE which is economically and financially contraindicated and a proven failure for all but the frauds on wall street along with their cohorts including desperate politicos, is resorted to in desperation to divert attention from their unequivocal failure. After all, though having cost so many americans their jobs with wrong calls and policies, bernanke is trying to save his own by inflating the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama rehired failure bernanke, President Romney would have fired, and will fire him … goldman sachs knew this dollar debasing failed policy QE 3 would come and at the expense of the muppets…that’s their term for all you suckers). I further believe this contraindicated largess to the frauds on wall street is to preserve his post fedship tenure job possibilities by ingratiating himself even further with those nefarious, self-serving interest groups. } {Alas, poor Graham…} ‘For months I’ve predicted we wouldn’t see QE 3. It’s now clear I was wrong. The Fed just announced QE 3. And while the implications of this will not be positive for the cost of living in the US, or ultimately the markets (inflation will eat away profit margins), the fact of the matter is that on this forecast I was totally and completely wrong. With that in mind, I’m openly admitting that this call was 100% incorrect. Ditto for my predictions of the ECB’s moves.  The ECB’s actions are of questionable value. However, the fact remains that the ECB is monetizing bonds or will at least try to (unless Germany stops them). So I was 100% wrong there too…’ , The Fed Panicked Posted by: Econophile Post date: 09/13/2012 - The Fed panicked. It is extraordinary that the Fed would announce an open-ended "we'll print as much as it takes, as long as it takes" policy. Chairman Bernanke is sending a signal to the markets and... ‘ , Dave’s Daily: http://www.etfdigest.com ‘FED IN FOR A PENNY IN FOR A POUND 9-13-12 Basically the Fed has gone too far done the money printing mode to stop now. They believe what their policies will stimulate employment but all operations in this regard have failed. The Bernank will spin this as an apolitical move coming two months before an election that could cost him his job…just sayin’.The highlights include: Fed to keep policies stimulative for a considerable time. The Fed will buy $40 billion Mortgage Backed Securities continuing Operation Twist and extends (aspirationally) ZIRP into 2015. The key language is the following sentence from the official announcement:“If the outlook for the labor market does not improve substantially, the Committee will continue its purchases of agency mortgage-backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability.”This policy is intended to boost asset prices and prevent a Japanese style deflationary cycle. No matter what they say, TPTB will always choose inflation vs deflation every time. Thus far they’ve succeeded in supporting their primary clients, the mega-banks. Beyond that these operations might see liquidity trickle down to the 99%. For the rest of us now, it might be better to just toss money out the window like the bank robbers yesterday. At least this would go directly to the people, again…just sayin’. Price stability which they believe exists, exits only in the conjured-up data from the flawed structure of the CPI and other measures. My understanding is there isn’t enough MBS debt around for them to buy at $40 billion a month. Maybe they’ll start going to garage sales to buy stuff thus pumping up prices. The bottom line for us is we’re long markets from stem to stern so why should we complain? Being disciplined and systematic is more important than raging at the machine. One thing QE has done is to make a hash of normal technical analysis since “the more money than brains” theme trumps everything. Let’s just say everything was higher today with the exception of the dollar and conventional bonds. Volume on this bullish QE day was much higher than recently putting previous light volume melt-ups in the rear view mirror. Breadth per the WSJ was quite positive but shy of a 90/10 overall…’, QE3: Helicopter Ben Bernanke Makes It Rain Money http://albertpeia.com/debaseddollarfailedstrategy.htm ‘…The course that the Federal Reserve has set us on is utter insanity.  Ben Bernanke can rain money down on us all he wants, but it is not going to do much at all to help the real economy.  However, it will definitely hasten the destruction of the U.S. dollar…’ , The Punchline In His Own Words: Bernanke Advocates Blowing Asset Bubbles As The Antidote To Depression ZeroHedge.com If there was one absolutely must see moment exposing everything that is broken with the Fed's brand new policy of QE-nfinity, it was this exchange between Reuters' Pedro da Costa and the Chairman. It explains, beyond a reasonable doubt, that the only goal the Fed now has is to reflate the stock market bubble to previously unseen levels, to focus on generating jobs although not for everyone but only for Wall Street, consequences be damned, because by the time the consequences arrive, and they will (just recall that subprime is contained) they will be some other Fed chairman's problem. Bernake's term mercifully runs out in January 2014 , Up In case you missed it. Markets soared on the back of possibly the darkest day in central-planning banking largesse. Gold and Silver were the biggest winners, though stocks will get all the attention we are sure. Treasuries initially sold off on the news that this was an MBS program (and mortgage spreads collapsed from already record tights) but by the close, Treasury yields had almost round-tripped to pre-FOMC levels. For the first hour or so after the news, all assets moved in sync and correlations soared across risk-assets, but as the afternoon wore on, FX carry consolidated, Treasuries retreated (and 2s10s30s fell), dragging risk lower leaving stocks up near their highs in a world of unicorns and free-money. Notably, it appeared that stocks caught up to high-yield credits' recent exuberance and then found little ability to push ahead. HYG (the high-yield bond ETF) remains notably rich to real bond prices. VIX tumbled under 14% (down almost 2 vols) but notably the term structure of vol collapsed even more - as it seemed the QuEnfinity prompted longer-term hedges to be lifted. A remarkable day in many ways as the S&P crosses over 14x P/E and AAPL over 20% of the Nasdaq-100. , Guest Post: Psychoanalyzing The Fed There is one last irony in Bernanke's constant promotion of his powers to unleash QE. Having talked up the market for years with his promises/threats of QE, the market has priced in ever higher doses of QE, in effect bidding expectations of QE's effectiveness to the sky. Bernanke has lost the power to surprise the market. Having raised expectations to the sky, he must deliver something beyond the stratosphere to surprise the market. But he doesn't have anything capable of matching the absurd expectations he's inflated, never mind exceed them. The only surprise left is a negative one. Chairman Bernanke and his fellow doves will soon realize the consequences of over-promising and under-delivering. It works better the other way around, but now it's too late. , Fed Releases Latest Economic Forecast Which Will Be Proven 100% Wrong With a few minutes to go until Ben speaks, the entirely useless projections are out (as noted before by Reuters that the Fed has been constantly wrong in its forecasts). The stunning punchline is that according to the Fed things are not as bad as one would have expected given the dramatic open-ended shart-fest that Bernanke is portraying. In fact, things are improving per the FOMC! Though we assume that these projections are self-defeating since they likely include this new policy. Be interested to see the pre-policy projections.

*FED OFFICIALS SAY GROWTH WILL IMPROVE FASTER THAN JUNE OUTLOOK

*FED: 2012 GROWTH OF 1.7%-2.0% VS 1.9%-2.4% IN JUNE

*FED: JOBLESS END OF 2012 AT 8.0%-8.2% UNCHANGED FROM JUNE

*FED: JOBLESS END OF 2013 AT 7.6%-7.9% VS 7.5%-8.0% IN JUNE

One wonders, whether in addition to having excel models which appoarently do not recognize circular assumptions, if the Fed's forecasts also assume $10 gas, $100 loaves of bread, and $10,000 gold?

I THINK IT IS TIME TO RECOGNIZE THAT BERNANKE IS TOTALLY BURNED OUT IF NOT ABSOLUTELY INSANE (YOU RECALL THOSE PROPAGANDA ROUNDS AT THE SCHOOLS, ETC.; THOSE CAPTIVE AUDIENCES WHO COULDN’T CARE LESS). HE IS TOTALLY INCOMPETENT! THE FACT IS, BEYOND THE BLATANT FAILURE OF HIS CONSISTENTLY FAILED POLICIES, HE STILL TALKS OF ‘GROWTH’ AS BEING SOMETHING OTHER THAN THE INFLATIONARY IMPACT OF INFLATIONARY QE AND UNDERSTATED INFLATION AND HIGHER PRICES THEREBY. IT’S REALLY QUITE INCREDIBLE THAT ANYONE BELIEVES ANY OF THEIR B***S***!

9-12-12 Where Would the S&P 500 Be Without Fed Intervention? September 12, 2012 http://gainspainscapital.com http://albertpeia.com/snpfed.htm‘We’ve entered a truly dangerous environment in the financial markets. Economic fundamentals are deteriorating rapidly. Consider the US…By all counts, the latest ISM (a measure of manufacturing in the US) was a complete and total disaster. In August the ISM hit 49. Anything below 50 is considered a recessionary rating.However, things are even worse below the surface. The ISM is made up of several components. Its Production component is back to May 2009 levels. The New Orders component is back to April 2009 levels. And worse of all, Prices Paid is up to 54, up from a reading of just 39 in July. In very simple terms this tells us that inflation appears to be hitting “lift off” in the US at the very same time that we are entering another recession that could potentially be on par with that of 2008. And with corn and soybean prices at or near record highs, we could be on the verge of a stagflationary disaster combined with a food crisis at the very same time. We get additional confirmation of a major economic contraction from corporate earnings. Recently we’ve seen earnings forecast cuts from Fed Ex, Bed Bath and Beyond, Proctor and Gamble, Adobe, Starbucks, McDonald’s and more.  Indeed, when you remove financials, S&P 500 earnings FELL year over year for 2Q12. This is hardly indicative of a strong economy. The fact a record number of Americans are on food stamps doesn’t bode well either. And the Rasmussen Employment Index indicates worker confidence is at levels not seen since the FALL OF 2008! Against this backdrop, stocks have rallied higher and higher on hopes of more liquidity from global Central Banks. As a result, the market has completely disconnected from underlying economic realities. Based on the business cycle alone, the S&P 500 should be closer to 1,000. And even the NY Fed has revealed that without the impact of Fed meetings, the S&P 500 would be at 600! This is a truly staggering admission from a Fed official. This is the Fed admitting to us, point blank, that without investors trading based on hopes of Fed intervention, the markets would essentially be even lower than they were in March 2009…’ , Things Are Getting Worse: Median Household Income Has Fallen 4 Years In A Row http://albertpeia.com/thingsworseincomefalls4inarow.htm , Thanks Obama - The Terrorists You Used To Topple Regimes In Egypt And Libya Are Now Attacking Our Embassies http://albertpeia.com/thankswoforblowback.htm , US Totalitarianism Loses Major Battle As Judge Permanently Blocks NDAA's Military Detention Provision Zerohedge.com Back in January, Pulitzer winning journalist Chris Hedges sued President Obama and the recently passed National Defense Authorization Act, specifically challenging the legality of the Authorization for Use of Military Force or, the provision that authorizes military detention for people deemed to have "substantially supported" al Qaeda, the Taliban or "associated forces." Hedges called the president's action allowing indefinite detention, which was signed into law with little opposition from either party "unforgivable, unconstitutional and exceedingly dangerous." He attacked point blank the civil rights farce that is the neverending "war on terror" conducted by both parties, targetting whom exactly is unclear, but certainly attaining ever more intense retaliation from foreigners such as the furious attacks against the US consulates in Egypt and Libya. He asked  "why do U.S. citizens now need to be specifically singled out for military detention and denial of due process when under the 2001 Authorization for Use of Military Force the president can apparently find the legal cover to serve as judge, jury and executioner to assassinate U.S. citizens." A few months later, in May, U.S. District Judge Katherine Forrest ruled in favor of a temporary injunction blocking the enforcement of the authorization for military detention. Today, the war againt the true totalitarian terror won a decisive battle, when in a 112-opinion, Judge Forrest turned the temporary injunction, following an appeal by the totalitarian government from August 6, into a permanent one. , Here's Hilsenrath With What To Expect Tomorrow By now everyone knows that the WSJ's Jon Hilsenrath is spoon-Fed information directly by the Fed. Even the Fed. Which is why everyone expected the Fed to ease last time around per yet another Hilsenrath leak, only to be largely disappointed, invoking the term Hilsen-wrath. Sure enough, it took the market only a few hours to convince itself that "no easing now only means more easing tomorrow", and sure enough everyone looked to the August, then September FOMC meetings as the inevitable moment when something will finally come out. So far nothing has, as the Fed, like the ECB, have merely jawboned, since both know the second the "news" is out there, it will be sold in stocks, if not so much in gold as Citi explained earlier. Regardless, the conventional wisdom expectation now is that tomorrow the Fed will do a piecemeal, open-ended QE program, with set economic thresholds that if unmet will force Bernanke to keep hitting CTRL-P until such time as Goldman is finally satisfied with their bonuses or unemployment drops for real, not BS participation rate reasons, whichever comes  first. As expected, this is what Hilsenrath advises to expect tomorrow, less than two months from the election, in a move that will be roundly interpreted as highly political, and one which as Paul Ryan noted earlier, will seek to redirect from Obama's economic failures, and also potentially to save Bernanke's seat as Romney has hinted on several occasions he would fire Bernanke if elected. Here is what else the Hilsenrumor says.  , Bill Gross Sells $30 Billion In Treasurys In August As Total Return Fund Cuts Government Exposure By Over A Third , Grand Theft Auto: FOMC City - Bank Robbers Throw Cash Out Of Volvo In South Los Angeles , Citi: If NEW QE, Then Buy Gold , Inside The Student Loan Debt Bubble , Guest Post: Cui Bono Fed: Who Benefits from the Federal Reserve? Cui bono--to whose benefit?--is a skeptic's scalpel that cuts through the fat of propaganda and political expediency to the hard truth. Since the world has been trained (in Pavlovian fashion) to hang on every word issued by America's privately owned central bank, the Federal Reserve, it's appropriate to ask a simple but profound question: Who benefits from the Fed's existence and its policies of loaning "free money" to banks at 0% and ZIRP (zero interest rate policy)? The Status Quo's answer is "the American people," of course, a deliciously juicy layer of "Big Lie" propaganda and obfuscation. Any healthy political and financial system would have broken the fraud-based system and dismantled the failed banks en masse in an orderly fashion. One institution stopped this from happening: the Federal Reserve. The Fed exists to serve the banks. Everything else is propaganda. Ever-expanding debt leaves America a nation of wealthy banks and increasingly impoverished debt-serfs. Cui bono, baby.

Barrick CEO: Gold Will Top $2,000 in Next Year

CNBC | Gold last rallied near $2,000 at a high of $1,900.30 last year in September.

China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar

The Economic Collapse | The mainstream media in the United States is almost totally ignoring one of the most important trends in global economics.

What Is Your Financial Breaking Point?

Tom Chatham | At what point will you cease to have a roof over your head?

Germany’s decision either means a rapid Eurozone financial collapse, or inevitable hyperinflation

Mike Adams | The financial collapse of the Eurozone may be upon us.

America’s Under Water: Debt Equals 103 Percent of GDP

CNS News | The debt of the United States government eclipsed the value of the Gross Domestic Product of the United States on April 2 of this year.

UK banks could be shut down or forced into bail-outs by Brussels

London Telegraph | Banks in London could be shut down or forced into taxpayer-funded bail-outs against the wishes of the British authorities.

Drudgereport: Median income lowest since 1995...
Lower class grows...
NEW CLASHES OUTSIDE US EMBASSY IN CAIRO
9/11: AMERICANS KILLED IN LIBYA...
ATTACK 'COORDINATED'...
CIA SAW NO THREATS...
FOR FIVE HOURS, NO ONE KNEW WHERE AMBASSADOR WAS...
BODY NOT RECOVERED FOR 12 HOURS...
OBAMA WENT TO SLEEP NOT KNOWING WHAT WAS HAPPENING THERE...
**WARNING** **GRAPHIC PHOTO**...
Romney campaign links attacks to failed Middle East policies...
MSNBC asks: 'Who's More Dangerous, the Supreme Leader in Tehran or Netanyahu?'
White House gave 'mixed signals'...
Marines Headed to Libya to Reinforce Security...
PAPER: How Media Turned Obama's Foreign Policy Bungle into a Romney Gaffe...
Open mic catches reporters coordinating questions...
OBAMA OFF TO VEGAS...
CONVENTION BOUNCE GONE: O 46% R 45%...
U.S. AMBASSADOR TO LIBYA, 3 OTHERS, KILLED IN ATTACK
American Ambassador 'Suffocated To Death'...
**WARNING** **GRAPHIC PHOTO**...
Romney Calls Obama Response: 'Disgraceful'...
Muslims Attack US Embassies...
Mobs with guns and rocket-propelled grenades...
FLASHBACK: Hillary Clinton boast on Gaddafi: 'We came, we saw, he died'...
PROTEST: $9 gallon for gas in NY and NJ...
Why did Obama use N-word to describe his grandfather?
Suspected Bank Robbers Toss Cash Out Window During Police Chase...
VIDEO... { A neighborhood nigger in response to a reporter lauded the criminal acts of the armed niggers saying they brought cash into the neighborhood where (other niggers) ‘people’ are hurting. Isn’t that among the typical rationalizations that underlie every dastardly deed perpetrated by the uncivilized niggers? The niggerized DOJ under holder/obama similarly finds ways to rationalize not prosecuting as promised; ie., biggest frauds on wall street, mfglobal/jon corzine, defense of and protection for black panthers, etc.. How can people wonder why this nation’s crumbling? }

9-11-12 Dave’s Daily: http://www.etfdigest.com ‘MARKETS IN WAITING GAME 9-11-12 It was a mix of news Tuesday. The featured story was Moody’s stating they’ll be cutting the U.S. rating one notch if politicians can’t agree on debt reduction plans. Germany’s Schauble piled on stating U.S. debt to GDP ratio was much too high. This sent the dollar (UUP) lower and gold (GLD) higher once again. Gold is also being buffeted as South African miners continue violence marred strike and have ignored orders to return to work. The trouble here has thus far been ignored by the MSM domestically. Extraction costs for miners are rising due to increased depths they must go yet strikers want more pay. As this continues available gold supply is reduced. Elsewhere the U.S. trade deficit remains high on poor exports but MacDonald (MCD) reported better sales that still missed expectations. A riot developed at the U.S. embassy in Egypt as Islamic protestors scaled the embassy’s wall, tore down the U.S. flag and flew an Islamic flag in its place. They were supposedly protesting a film that was negative in some way toward Islam. The odd thing was no one could identify the film in question. Perhaps it was just a 9/11 stunt. All eyes will be glued to the German court Thursday which will decide the constitutionality of bond buying and the ESM (European Stability Mechanism). Most pundits think it will be approved but one never knows. What takes place in California with Apple (AAPL) Wednesday may be just as important as they unveil another “I got to have it” gizmos. Some have even gone so far as to speculate that the new products will boost U.S. GDP all by themselves. Seriously! This idea must not take into account that these gizmos are manufactured overseas.Then of course there is Ben & Co which is part of the early September waiting game. This means most investors are on the sidelines playing the waiting game until Thursday afternoon. For us it makes posting short and uninformative so why stretch it out.Stocks recovered Tuesday, well, because they did. It isn’t unusual for a weak dollar to boost stocks particularly as overseas investors see the U.S. on sale.Volume dried-up once again and is hardly worth mentioning except for setting contemporary light volume records. Breadth per the WSJ was positive…’

What’s the Fed Going to Do? http://gainspainscapital.com

September 11, 2012 http://albertpeia.com/whatsthefedtodo.htm

‘Yesterday we worked through the illusion to the reality of the ECB’s “unlimited” bond purchases, the end result being that we discovered the ECB:

1)   Didn’t announce anything new

2)   Is implementing the same policies it’s tried twice before with no success (see Greece)

3)   Is implementing policies that neither Spain nor Italy will go for…

And finally…

4)   Has solved nothing due to the fact that of the two mega-bailout funds, one has only €65 billion in firepower left and the other has yet to be ratified by Germany

Today we turn our attention to the US’s Federal Reserve where the whole world expects the Fed to announce QE 3 at its FOMC meeting this Wednesday and Thursday.

There is a small problem of math with this. The Fed currently owns all but just $650 billion of the outstanding 10-30 year Treasuries. At this point, even a $200-300 billion QE program would create serious liquidity problems for the financial system. So scratch that idea off the list.

Of course, the Fed could potentially implement another agency/MBS QE program. But that would be a very political move with the Presidential election so close. This, combined with current food and energy prices, makes it unlikely the Fed would want to do this: too many consequences with too little to gain (stocks are at four year highs).

Indeed, if anything, the Fed is likely to pull a “ECB” move, namely promising something vague that it actually cannot deliver on. Why would the Fed do this? Because, like the ECB, the Fed is running out of bullets. Indeed,  St Louis Fed President James Bullard all but admitted this to the Financial Times:

“I am a little – maybe more than a little bit – worried about the future of central banking,” said James Bullard, president of the Federal Reserve Bank of St Louis, in a Financial Times interview at Jackson Hole. “We’ve constantly felt that there would be light at the end of the tunnel and there’d be an opportunity to normalise but it’s not really happening so far…” On that note, if you are not preparing for a bloodbath in the markets, now is the time to do so. The reality is that the Central Banks are fast losing their grip on the markets. They’ll never admit this publicly, but I can assure you that Bernanke and pals are scared stiff by what’s happening in the banking system right now…’

China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar

http://albertpeia.com/debaseddollardown.htm

‘The mainstream media in the United States is almost totally ignoring one of the most important trends in global economics.  This trend is going to cause the value of the U.S. dollar to fall dramatically and it is going to cause the cost of living in the United States to go way up… If we keep debasing our currency like this, at some point the rest of the world is going to decide that China and Russia have been right all along and that we need a new global reserve currency.That day is coming.  It might not come tomorrow or next week or next month but it is definitely coming.

Once the U.S. dollar loses reserve currency status, that will be a major turning point in the history of our country.  We will never fully recover from that, and we will never get back to the same level of prosperity that we are enjoying today.So enjoy spending those dollars while you can.  The party is almost over.’

September 11 – Eleven Years Later (Selected Statistics) ZeroHedge.com On the anniversary of the most emotional day in our collective memory,  here are some key statistics in the interest of truth, justice and the American way: http://albertpeia.com/september11stats.png , Guest Post: De-Industrialisation And Male Jobs , In Response To Japanese "Antagonism" Over Senkaku Islands, China Dispatches Two Patrol Ships { Wow! Looks like war between China and Japan … Just kidding…Japan versus the 800 pound gorilla in the world?…Japanese command of math/probabilities is not that bad! } , Guest Post: Who Moved My Recession? Lakshman Achutan, ECRI (Economic Cycle Research Institute) made a recession call for the US on September 30, 2011 (and confirmed it multiple times since then). Gary Shilling, titling his August letter “Global Recession”, says “We are already in a global recession {This is correct! } .” However, equity markets don’t think so, with the S&P 500 trading less than 10% away from a new all-time high. Only one side can be right. Could this be a repeat of October 2007, when the S&P 500 hit new all-time highs mere six weeks before the “Great Recession” began? { Yes…regardless how drawn out by manipulation they make it! } Are so-called leading indicators, as used by the Conference Board, still reliable? { No! Stock prices being a prominent example but all are being manipulated for show. } Established leading indicators incorporate questionable input. While there is no perfect indicator, a combination of the ones tested here, weighed by accuracy, confidence and timeliness should produce a good reading. The higher-confidence indicators say that 2011 was a “close call”, but we are currently not in a recession. However, a lot of lower-confidence indicators are showing readings consistent with a severe recession. , Firm That Brought You Holo-Tupac Dies Less Than A Year After IPOing, Taking Millions In Taxpayer Subsidies With It , Zuckerberg Speaks - Wordcloud: Mobile 22; Profit 0 , Gundlach's Chart-Porn And Buy China, Sell US , Crossing The Fiscal-Cliff Chasm, And Why Boehner May Be Right , Guest Post: The Federal Reserve's Cargo Cult Magic: Housing Will Lift the Economy (Again) I have often identified Keynesian economists and the Federal Reserve as cargo cults. After the U.S. won World War II in the Pacific Theater, its forces left huge stockpiles of goods behind on remote South Pacific islands because it wasn’t worth taking it all back to America. After the Americans left, some islanders, nostalgic for the seemingly endless fleet of ships loaded with technological goodies, started Cargo Cults that believed magical rituals and incantations would bring the ships of “free” wealth back. Some mimicked technology by painting radio dials on rocks and using the phantom radio to “call back” the “free wealth” ships. The Keynesians are like deluded members of a Cargo Cult. They ignore the reality of debt, rising interest payments and the resulting debt-serfdom in their belief that money spent indiscriminately on friction, fraud, speculation and malinvestment will magically call back the fleet of rapid growth. To the Keynesian, a Bridge to Nowhere is equally worthy of borrowed money as a high-tech factory. They are unable to distinguish between sterile sand and fertilizer, and unable to grasp the fact that ever-rising debt leaves America a nation of wealthy banks and increasingly impoverished debt-serfs.

9-10-12 Super Mario’s Big Bluff http://albertpeia.com/supermariosbigbluff.htm ‘… In closing, the new ECB program will ultimately prove to be Mario Draghi’s big bluff. By presenting an old, failed program as something “new” and “unlimited” in scope, the ECB has actually shown that it’s essentially out of firepower. Indeed, consider the following…The ECB says it will buy EU sovereign bonds if EU nations apply for bailouts from the EFSF. Spain and Italy (the very countries that need bailouts) are meant to supply 30% of the EFSF’s funding.So this new program involves Spain and Italy bailing themselves out, while simultaneously implementing austerity measures so the ECB will buy their sovereign bonds?!?!Oh, and by the way, the EFSF only has €65 billion in funding left. That will definitely be enough to bailout Spain and Italy, seeing as Greece has received over €200 billion in bailouts is still imploding.On that note, if you are not preparing for a bloodbath in the markets, now is the time to do so. The reality is that the Central Banks are fast losing their grip on the markets. They’ll never admit this publicly, but I can assure you that Bernanke and pals are scared stiff by what’s happening in the banking system right now…’ , Dave’s Daily: http://www.etfdigest.com ‘ALGOS PLAY IN LIGHT VOLUME 9-10-12 Markets almost saw little if any volume Monday. As the afternoon session progressed algos stepped-up the profit-taking especially after a much worse than expected Consumer Credit report (-$3.28 billion vs $9.2 billion expected) allowed algos to hit the sell switch. Absent any other news, and with volume very light, there was little support to be found. Most of the day Monday was spent with markets propped and waiting primarily for Thursday’s Fed meeting. One would think the poor Consumer Credit report would be a QE stimulant and may well be one. For now however it’s just a trading opportunity. For bulls it means some overbought conditions eased while bears believe QE is already priced-in. Only time will tell who’s right. Tech put in another poor showing led lower again by Intel (INTC) as PC demand remains weak. Just about everything that had been higher late last week was fair game for sellers on Monday. I posted a few charts below as economic data remains scant while most investors await the Fed…’ , The Student Loan Debt Bubble Is Creating Millions Of Modern Day Serfs http://albertpeia.com/studentloandebtserfs.htm , The Real Unemployment Numbers Are Worse Than You Are Being Told http://albertpeia.com/realunemploymentnumbersmuchworse.htm , The Historic Demise Of The Ever-Shrinking Dollar: An Infographic ZeroHedge.com The almighty Dollar is looking less mighty these days. By almost every measure, the purchasing power of the US Dollar is in precipitous decline. The following infographic, whose contents should be well-known to our readers, visualizes the sad state of affairs that the average American seems to have ignored for far too long. And since the whole world is now engaged in the 4th year of all out currency debasement one can safely channel Lester Burnham and say it's "all downhill from here." , Investors, Nostalgic For Logical Markets, Boycott New Centrally-Planned Normal , Guest Post: The Contrarian Indicator Of The Decade? ‘…And the uber-bullishness is based on what? Hopium. Hope that the Fed will unleash QE3, or nominal GDP level targeting and buy, buy, buy — because what the market really needs right now is more bond flippers, right? Hope that Europeans have finally gotten their act together in respect to buying up periphery debt to create a ceiling on borrowing costs. Hope that this time is different in China, and that throwing a huge splash of stimulus cash at infrastructure will soften the landing , Next: The Great Recoupling The chart below from UBS' George Magnus captures perhaps better than anything, not only the reason why the global economy grew with the speed it did over the past 40 years, not only why "globalization" (a/k/a finding new places to issue debt in exchange for secured assets and unsecured cash flows all the while under the umbrella of globalist organizations: see Confessions of an Economic Hit Man) was the primary urgency for the status quo, not only why the developed world managed to delay the inevitable day of reckoning for as long as it did, but most importantly, why the global day of debt-saturated reckoning is coming. , Market Realizes It Has Already Priced In QE , Consumer Credit Posts First Drop Since August 2011 Following Nonsensical Data Revision , It's Different This Time: PMIs And Global Stocks The fundamental backdrop, in the shape of economic lead indicators and earnings momentum, has been deteriorating: manufacturing PMIs for the US, China, Japan, Korea, the Euro zone, and the UK are all now sub-50, and consensus earnings growth estimates for 2012 have been halved in recent months. What has this meant for Global Equities? Well, as UBS notes, in the last three months, very little. The MSCI AC World index is up more than 12% from the 4 June low. That markets have rallied while fundamentals have deteriorated in this manner is unusual. Historically, equity market rebounds have tended to coincide with a trough in PMIs and earnings momentum – that is, when PMIs have stopped going down and the pace of earnings downgrades slows (waiting for PMIs to recover to 50 or for earnings momentum to turn positive is usually too late). Markets now appear to be taking their cues from central bankers: potential policy actions are becoming a sort of ‘lead indicator of the lead indicators’, if you will. Given the recent rally, in addition to underlying macro weakness, policy action - and effective action at that – has become increasingly important for investors. Without it this recent rally could end up looking more like a false start than a head start. , Guest Post: How Draghi Opened The Door To Hyperinflation And Denied The Fed An Exit Strategy , Another Ex-Fed Governor Admits "Only So Much Fed Can Do" , California Lt. Governor: This Aggression Against Our Expropriation Of Private Property Will Not Stand, Man , GM Loses Over $49,000 On Every Chevy Volt , Two Days Ahead Of More QE, JPM Finds That World Is Already "Drowning In Liquidity" A few days ago, the BOE's Andy Haldane, rightfully, lamented that the apparent "solution" to the exponentially growing level of complexity in the financial system is more complexity. Alas, there was little discussion on the far more relevant central planning concept of fixing debt with even more debt, especially as the US just crossed $16 trillion in public debt last week, right on schedule, and as we pointed out over the weekend, there has been precisely zero global deleveraging during the so-called austerity phase. But perhaps most troubling is that with 2 days to go to what JPM says 77% of investors expect with be a NEW QE round (mostly MBS) between $200 and $500 billion in QE, the world is, also in the words of JP Morgan, drowning in liquidity. In other words, according to the central planners, not only is debt the fix to record debt, but liquidity is about to be unleashed on a world that is, you guessed it, already drowning in liquidity. The bad news: everything being tried now will fail, as it did before, because nothing has changed, except for the scale, meaning the blow up will be all that more spectacular. The good news: at least the Keynesians (or is it simply Socialists now?) out there will not be able to say we should have just added one more [    ]illion in debt/liquidity and all would have worked, just as our textbooks predicted. Because by the time it's over, that too will have happened. , Rising Food Prices Continue to Climb, with Prices Up 10% in July Alone Lisa Garber | Food prices are rising, and consumers are feeling it.

9-7-12 Dave’s Daily: http://www.etfdigest.com ‘A SPOONFUL OF SUGAR HELPS THE MEDICINE GO DOWN’ 9-7-12 { It really must be emphasized/said, and it has been said infra*, that the west generally, and the u.s. especially, have become unmistakably banana republics meeting all criteria by which such failed forms of political/economic ‘organization’ are denoted. The consistent and persistent focus on the totally fraudulent, manipulated stock markets, fraudulent wall street particularly with contraindicated, failed QE for benefit of wall street frauds only, to the detriment of literally everyone else, viz., taxpayers, main street, etc., has become nothing short of criminally insane! [ ECB INTERVENTION COMMENT DU JOUR: "CLASSIC BANANA REPUBLIC BANKING" Submitted by Tyler Durden on 09/06/2012 http://albertpeia.com/classicbananarepublicbanking.htm . { It bears repeating that never in history have the markets become so disconnected from fundamental finance, valuation, and reality and so completely and utterly fraudulent. I believe that computerization facilitating multiple frauds at lightning speed, over and over again and again along with re-hypothecation of already worthless paper at similar speeds is in part the reason for the prevalence of such fraud along with the breakdown of american among other societies into what yesteryear would have been scorned as ‘banana republics’ without any meaningful rules of law whatsoever and pervasive, almost blatant, corruption at every level. (This is not to blame computers for the bad use they’re put to.) Guest Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words! It’s been my direct experience for quite some time now and is quite a pathetic scenario! } Legendary Investor Jeremy Grantham: America is a Banana Republic Washington’s Blog | Just different bananas perhaps? ] } ‘The ugly employment report of only 96K new jobs vs 125K expected hit markets like a spoonful of sugar—Uncle Sugar. The numbers couldn’t be worse which is why ADP Data and Jobless Claims the previous day doesn’t mean a thing. Ninety million are not in the labor force, 368K people have dropped out of the workforce and the participation rate for men is the lowest since 1948 when most of current readers hadn’t been born. Even the previous data was reduced from 163K to 141K meaning next month’s numbers should be taken with a grain of salt, and not sugar. Forget the slightly lower unemployment rate since with so many dropping off the rolls the real rate is closer to 12% than 8.1%, and that’s generous.This puts the “bad news is good” back on the front burner and means Bernanke has no choice but to QE and inflate asset prices. He still has “some” weapons left but he’s running out of bullets. QE bulls could care less since it’s time to party.All this QE speculation trashed the dollar (UUP) and bolstered gold (GLD) and silver (SLV). After all, if it’s balls to the wall once again these assets are the insurance against currency debasement.Individual investors are still either hiding in low yielding bonds, dividend sectors or are just on the sidelines. Those buying include corporations with buybacks, hedge funds, and overseas investors feeding on the weak dollar and to a lesser extent captive money in pension plans.The fly on the soup today was a crummy report from Intel (INTC) which issued a warning as PC demand is weak. This pulled semiconductor ETF (SOXX) and the overall technology index (XLK) lower. There is concern that PC sales are stalling given the pending launch next month of Windows 8 which is an entirely different approach from (MSFT) affecting (IGV).As stocks followed the rally from Thursday on QE hopes, bonds (IEF) took a breather but not by much given likely Fed money printing and buying.The important thing to remember about QE activity is what’s the grade? Thus far in the U.S. at any rate its money that goes first to the Primary Dealer network (mega-banks) and then may trickle down to you and me. Clearly it’s been supportive of stock prices but where is that in the Fed’s twin mandate (protect the purchasing power of the dollar and full employment)? If the mega-banks just hold the money to bolster their balance sheets then the grade is an “F”. As most know, banks aren’t lending money for mortgages or small businesses no matter how much liquidity the Fed dumps on them. I used to have a math teacher who wouldn’t give a grade less than 40. If it was less than 40 he’d circle it. You wouldn’t want a “circle 40” but this is how you’d score the Fed’s twin mandate results.Investment Tip: Don’t fight the Fed central banks.Volume on this QE addicted Friday was once again ultra-light cementing few investors in the game beyond those described above. Breadth per the WSJ was positive…’

*[ ECB INTERVENTION COMMENT DU JOUR: "CLASSIC BANANA REPUBLIC BANKING" Submitted by Tyler Durden on 09/06/2012 http://albertpeia.com/classicbananarepublicbanking.htm . { It bears repeating that never in history have the markets become so disconnected from fundamental finance, valuation, an reality and so completely and utterly fraudulent. I believe that computerization facilitating multiple frauds at lightning speed, over and over again and again along with re-hypothecation of already worthless paper at similar speeds is in part the reason for the prevalence of such fraud along with the breakdown of american among other societies into what yesteryear would have been scorned as ‘banana republics’ without any meaningful rules of law whatsoever and pervasive, almost blatant, corruption at every level. (This is not to blame computers for the bad use they’re put to.) Guest Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words! It’s been my direct experience for quite some time now and is quite a pathetic scenario! } Legendary Investor Jeremy Grantham: America is a Banana Republic Washington’s Blog | Just different bananas perhaps? [ Of course this is absolutely true! And not just from the meaningfully lawless perspective – I had made such a statement on the record in a LA Superior Court Appellate Dept. proceeding in which said court literally ignored the law (the same is true of the costly, plushly accoutered lifetime appointee federal courts) which corrupt courts should indeed be abolished in these difficult economic / budgetary times. Additionally, from pervasive corruption, to debased over-printed currency, to gunboat diplomacy, to total incompetence, etc., america is indeed a banana republic at most.] Guest Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words! It’s been my direct experience for quite some time now and is quite a pathetic scenario! } Legal precedent means nothing. Rule of law means nothing. Free speech means nothing. Their own treaties mean nothing. It’s unbelievable. Anyone in the west who honestly thinks he’s still living in a free society is either a fool or completely out of touch. If that seems too radical an idea, consider that ECUADOR is now the only nation which stands to defend freedom and human rights against an assault from the United States, the United Kingdom, and their spineless allies. The west has just become a giant banana republic. Have you hit your breaking point yet? If not now… when? { { I’m really constrained to interject my own direct experience with the FBI here; and, I must say I do so lamentably. If you want no real results vis-à-vis organized crime which now extends to the upper reaches, highest levels of the corrupt u.s. government, go to the FBI. I discounted the new jersey FBI as just typical corrupt, mob infested jersey which thinks in terms of discos/casinos. But, truth be told, they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their (understated) crime stats for even a second. I’m beginning to feel foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters directly who seem to have at least some sense of the magnitude of the fraud involved and the pervasive corruption of the system and government and maybe a semblance of honor in this nation of protracted decline. It never would have occurred to me back when for me, such a choice/decision was clear-cut and simple. Such a course as mine I no longer could recommend inasmuch as there is little difference between state/government sponsored crime/corruption and that perpetrated by other criminal elements, from my direct experience with both, infra: Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some federal workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the properties in my proceedings for which surplus funds are unaccounted for was a 2 bedroom 1 and 1/2 bath condominium in seaside heights, n.j.). But debauchery an american specialty? Another rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in the illegal drug trade). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city boy louis freeh, labeled by former Prosecutor Larry Klaiman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.

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SHARE YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:

The following is my comment to an LA Times article regarding a Justice Department cover-up! As for your inquiry, all I think about day and night is a long overdue resolution to the RICO litigation as set forth therein:

ATF Chief Melson:Justice Department trying to shield officials (LATimes) Serrano

I believe him!

 I truly empathize with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu:   Died February 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]

Here’s some real, complicit cover-up / fraud on the part of the federal government, et als:

October 15, 2010 (*see infra {ultimately delivered by UPS})

 Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024

 Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case  RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages)      [  ricosummarytoFBIunderpenaltyofperjury.pdf   http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf          ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as     fbicorrespondencereyes.htm     .   With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the    RICO VERIFIED COMPLAINT    (see infra). Such includes and as set forth in the case, inter alia,

A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..

Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.

The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages:   [  Shiff Order of Dismissal With Prejudice on Coan’s Failure to File        Page 1                Page 2          ]

Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [   transcript in pertinent part -     http://albertpeia.com/crossexamofcoanbypeia.pdf    ]

Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.

Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.],   Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.

Sincerely,

Albert L. Peia
611 E. 5^th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651 -magic jack}

                       ----------

*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]

Responding to your message

FROM:

Rep. Lucille Roybal-Allard

TO:

albert_peia@yahoo.com

Message flagged

Wednesday, November 16, 2011 8:48 AM

Dear Mr. Peia:

Thank you for being in touch.  As we continue the busy first session of the 112^th Congress, I want you to know that I am grateful for the various times you have shared your thoughts and concerns with me on different issues.  Please be assured that your voice is being heard and that your perspective helps me to better represent you in Washington, D.C. 

Sincerely,

LUCILLE ROYBAL-ALLARD
Member of Congress

[ This is a reply to the Congresswoman’s query among others included.]

11-5-11

Dear Congresswoman Roybal-Allard:

The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:

‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’

Sincerely,

Albert L. Peia

America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm

Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

The Scary Math Behind The Mechanics Of QE3, And Why Bernanke's Hands May Be Tied ZeroHedge.com , Explaining The Market's Brand New 15x Forward Multiple Actually not really, but all one can do is laugh since in some centrally planned parallel universe, the entire world entering manufacturing contraction translates into a 4 year (and just shy of all time) stock market high... , Stocks Spike In (And After) Close To New Post-2008 High As Volume Resumes Slide A few hours after the US reported a jobs number which missed consensus estimates on broad weakness, which saw a nearly 400K increase in those no longer even caring about work, and which confirmed that the economic deteriorating is nowhere close to ending, stocks did their thing and with no news, and on no volume (the same reason why like Nomura, ever fewer banks can afford to keep trading desks), decided to surge into the close even as volume slid, with the NYSE trading its new post-Knight normal average of a few shares over half a billion. This sent the ES to a new post-2008 high. In other news, we are approaching 15x forward P/E even as the world's global economies are grinding to a screeching halt.Central planning is here to stay and the stock market will merely levitate ever higher on hope that the central bankers have it all under control. , Guest Post: The Repricing Of Oil Now that oil’s price revolution – a process that took ten years to complete – is self-evident, it is possible once again to start anew and ask: When will the next re-pricing phase begin? Most of the structural changes that carried oil from the old equilibrium price of $25 to the new equilibrium price of $100 (average of Brent and WTIC) unfolded in the 2002-2008 period. During that time, both the difficult realities of geology and a paradigm shift in awareness worked their way into the market, as a new tranche of oil resources, entirely different in cost and structure than the old oil resources, came online. , Friday Humor: The New Normal Asset Manager Curious why legendary hedge fund managers are shutting down shops left and right in disgust with the mockery that central planning and algorithmic short-termism had made of equity markets? Don't be: his name is Julian Marchese, he runs a "macro fund"... and he is 16. Don't get us wrong: we enjoy the next youth trading prodigy, and here the Schwab baby comes to mind, as much as everyone else. Our concern is when it is the people who have never even seen half of a business cycle that start running your money, and, probably worse, making money, which leads them to believe they know what they are doing, and gets gullible LPs to allocate capital to them based on a 3 month track record, when in reality the entire market is one merely primed for outperformance courtesy of central planner puts and priced to Bernie Madoff ponzi perfection, targeting a specific investor type. And here the Schwab baby comes to mind again. , Guest Post: Junkie Recovery If the point of quantitative easing was to provide enough  liquidity to keep the massive, earth-shatteringly large debt load serviceable, then quantitative easing succeeded — but the “success” of sustaining the crippling debt load is that it remains a huge burden weighing down on the economy like a tonne of bricks.  This “success” has turned markets into junkies, increasingly dependent on central bank liquidity injections. After QE3 will come more and more and more easing until the market has either successfully managed to deleverage to a sustainable level (and Japan’s total debt level as a percentage of GDP remains higher than it was in 1991, even after 20 years of painful deleveraging — so there is no guarantee whatever that this will ever occur), or until central banks give up and let markets liquidate. Quantitative easing’s “success” has been a junkie recovery and a zombie market. Patents Wars 2: The Asian Empire Strikes Back - Are The Tables About To Turn On Apple? { This is a very big deal as I emphasized when the Asian Court decision came down against Apple; not the least of which reason is the fact that american courts are notoriously corrupt; an indisputable fact that’s not even lost on ‘non-kool-aid-drinking’ american citizens ‘in the know’ } Much has been said about Apple's recent victory over its key component supplier, Samsung, in a recent US court decision the direct result of which has been the halt of sales of several Samsung products which are already obsolete in cell phone year terms. The paradox here is that AAPL's victory is quite pyrrhic: if and when Samsung feels sufficiently threatened, it can just pull a Gazprom and halt the supply of mission critical components to the world's biggest publicly traded company. Alternatively the Chinese politburo can one day decide to pull FoxConn's operational license, in the process bankrupting AAPL overnight. But these are of course M.A.D. scenarios which in rational, non-centrally planned market would never take place, and so we have no reason to worry about them. That said, it is increasingly becoming clear that patent warfare fought in partial domestic judicial systems, will be the next form of protectionism as pertains to that most faddy of technology: the ubiqutous smartphone. And while Apple may have won the first battle, the outcome of the war is still very much unclear: in fact, the return salvo after Samsung's big defeat on US soil may come quite soon, this time courtesy of another Chinese Apple "clone", HTC Corp, which if it goes against the Cupertino company, could have a large impact on revenues.

Food Inflation, Food Shortages And Food Riots Are Coming Michael Snyder | A devastating global food crisis unlike anything we have ever seen in modern times is coming. http://albertpeia.com/foodinflationshortagesriotscoming.htm

9-6-12 Dave’s Daily: http://www.etfdigest.com ‘DRAGHI GIVES BULLS WHAT THEY WANT 9-6-12 Bullish algos bought immediately after Draghi’s announcements. They aren’t interested in the details just the headlines which told them more money printing was on the way. Draghi stated there would be “conditions” to their bond buying of various sovereign debt but details of these conditions were illusive. He also stated QE would be unlimited in scope and confined to 0-3 year maturities. When asked if he thought traders would “game” this he said they’d monitor this. (His former employer Goldman Sachs would probably do whatever they want thank you.) Asked if these decisions were unanimous and he said no. Later the Bundesbank reiterated their opposition but that seems a mere inconvenience. In fact, since the ECB will be buying bonds in the secondary market vs primary the German court ruling will not matter.Draghi also spent some time discussing that bond markets in the eurozone were distorted due to misperceptions which seemed laughable frankly. He also stated later that problems in the global economy weren’t the fault of the eurozone fingering the U.S. financial crisis obliquely.Not to be left out the Bank of England noted it would continue its bond buying program.Bulls also glommed onto to the ADP Employment report showing 201K private jobs created. Many of these were part time workers and only 3K was in manufacturing but again, algos aren’t interested in the details. Jobless Claims were better (365K vs 370K expected & prior revised higher once again to 377K from 374K). These prior revisions are batting 1000 this year and while claims data improved they’re still trolling along unacceptable levels. In fact, so many have exhausted their benefits the data becomes misleading.Beyond the details stocks rallied sharply scoring one of the best trading days in 2012. Stocks globally due to ZIRP and QE remain highly correlated picking leaders more difficult as is creating a diversified portfolio. Just pick the sector with the highest beta, like small caps (IWM) and stick with that since you don’t need many ETFs or stocks. Bonds (IEF) were weaker as equities rallied while the dollar (UUP) was also weaker. Commodities (DBC) and precious metals (GLD) & (SLV) continued to rally as easy money from central banks debases fiat currencies.On deck Friday is the monthly employment report which could add fuel to the QE fire domestically. And, let’s not forget Bernanke’s own boasts about higher stock prices as a result of Fed policies (ZIRP & QE). The central planners have gone too far down this QE road to stop now. Doing so serves their short-term political agendas for when markets meet their maker they’ll be long gone. The important part of QE is the money created goes directly to banks and then may trickle down to people. This is why QE and ZIRP have only helped stocks but not unemployment or economic growth.Investment Tip: With equity markets highly correlated one sector and country to another you don’t need many stocks or ETFs to create a portfolio as diversification attempts are futile. With global QE, less is more.Volume increased dramatically on the ECB’s money printing as investors know stocks can inflate too. Breadth per the WSJ was quite positive and some sectors scored a 90/10 day it seems...’

ECB INTERVENTION COMMENT DU JOUR: "CLASSIC BANANA REPUBLIC BANKING" Submitted by Tyler Durden on 09/06/2012 http://albertpeia.com/classicbananarepublicbanking.htm

Today's move can be summarized in one word: euphoria. The same euphoria every previous instance of central planning intervention has engendered, only to fade days, weeks or months later. But for the time being it will suffice, and send the S&P to fresh post 2008 highs. In the meantime, below is the definitive note summarizing what has just happened, courtesy of Pierpont Securities via Bloomberg.

ECB Plan "Classic Banana Republic" Banking: Pierpont

ECB’s outright monetary transactions (OMT) indicate that the central bank “will underwrite the profligacy of peripheral Europe,” Pierpont Securities strategist Stephen Stanley writes in note.

OMT program will lengthen EU’s “march to insolvency,” raises the odds of a bad outcome

Sterilization ensures program isn’t inflationary in short-term

OMT will attempt to transfer wealth from wealthy countries in Northern Europe to the Southern nations, who have “squandered” their wealth

Transfer of wealth is what Germany and Merkel have refused to do

And, we should add, once the Greek realize they were just swindled by the ECB's refusal to implement retroactive pari passu status on the now-defunct SMP program, in the process preventing the reduction in Greek debt by tens of billions as it gets the same treatment as all other Greek debt as part of the country's recent restrcuturing, the political upheavals will return.

But for now, as said above, we have euphoria. Enjoy it while it lasts.

Are You Better Off? 40 Statistics That Will Absolutely Shock You

http://theeconomiccollapseblog.com

http://albertpeia.com/40statsyourenotbetteroff.htm

Guest Post: Economic Fallacies And The Fight For Liberty ZeroHedge.com It’s easy to be pessimistic over the future prospects of liberty when major industrialized nations around the world are becoming increasingly rife with market intervention, police aggression, and fallacious economic reasoning.  The laissez faire ideal of a society where people should be allowed to flourish without the coercive impositions of the state is all but missing from mainstream debate.  In editorial pages and televised roundtable discussions, a government policy of “hands off” is now an unspeakable option.  It is presumed that lawmakers must step up to “do something” for the good of the people.  Thankfully, this deliberate false choice will slowly but surely bring the death of itself.   Illogical theories can only go on for so long before the push-back becomes too much to handle.  For those who desire liberty, it’s a joy that the statist economic policies of the Keynesians become even more irrational as the Great Recession drags on. The two following examples will illustrate this point…’ , The Glass-Half-Full, Glass-Half-Broken 'Goldilocks' Payroll Preview , Peter Schiff Discovers No Country For Corporate Profits , The Post Globalized World Part 2: Why The PIGS Are (Still) Out Of Luck , The One Chart To Explain Why Draghi's Blunt Tool Can't Fix Europe The monetary policy transmission mechanism is broken in Europe; we all know it and even ECB head Draghi has admitted it (and is trying to solve it). As Bloomberg economist David Powell noted though, Draghi may have to address the economic fragmentation of the euro area before undoing the financial fragmentation of the region. The latter may just be a symptom of the former. The Taylor Rule, a policy guideline that models a monetary authority’s interest rate response to the paths of inflation and economic activity, highlights the drastically different monetary policies required across the various EU nations as a result of their variegated domestic economic conditions. This variation creates concerns over sustainability and the rational (not irrational as Draghi would have us believe) act of transferring deposits to 'safer' nations for fear of redenomination. As Powell notes: Draghi will probably have to convince market participants of the economic sustainability of the monetary union before the financial fragmentation of the region is ended. The large-scale extension of central bank credit to potentially insolvent countries is unlikely to accomplish that - as economies remain hugely divergent. , The New Normal Of Investing: Bonds For The Price, Equities For The Yield , The Death Of IPOs, And Why It Matters To You , A Gentle Reminder Of The (In)Effectiveness Of Prior ECB Bond Buying , In His Own Words: Draghi's Debasement In Two Minutes In case you missed it. Here is Draghi's two minute diatribe, courtesy of Bloomberg TV, sprinkled liberally with every algo-headline-seeking word required to raise the perception that something actually just happened other than smoke, mirrors,… , Non-Manufacturing ISM Comes Diametrically Opposite To Manufacturing Indicator (In other words, cooked/fudged/b***s***)

Three Times As Many Americans Enter Poverty As Find Jobs

zerohedge.com | June saw a new surge in Americans living in poverty and thus eligible for foodstamps.

Sitting on a Mountain of Debt

Michael Tennant | The U.S. government is sitting on a mountain of debt — literally.

European Stocks Could Correct Up to 20%: Marc Faber

CNBC | European stocks, which have been in a broad upswing for the past three months, could retreat by up to 20 percent, presenting an opportunity to move back into the market, says Marc Faber.

9-5-12 Dave’s Daily: http://www.etfdigest.com ‘TRIAL BALLOONS FROM EUROZONE DOMINATE MARKETS 9-5-12 The U.S. Fed has its own leaker with the WSJ’s Hilsenrath while the ECB uses just about anybody to test their future QE strategies. Thursday the ECB may clue us in on what they’re actually going to do vs all the talk. It appears the Germans are okay with some bond buying but not necessarily unlimited.Markets have been responding to all this tentatively which is helps the leakers to gauge what markets like or not.One thing continues to haunt markets and that’s the ongoing economic contraction in China. Investors there are literally begging the PBOC to reduce bank reserves and employ other stimulus measures to stem the fall in equities there. Thus far not much has come from the PBOC especially when the Wen regime is about to end. Add to this their concern about a housing bubble and ghost cities that more stimulus would just stimulate.In the U.S. economic data included a bump in Nonfarm Productivity (2.2% vs 1.9% expected & prior 1.6%) while Unit Labor Costs were tame (1.5% vs 1.4% expected & prior 1.7%). The big downer was the report from FedEx (FDX) that forward earnings would be reduced sharply to reflect the contracting economy globally. This report was quite negative for markets and was clearly for transports (IYT). After all shipping conditions are an important indicator for economic conditions overall. At the same time investors bullish or otherwise are more focused on the ECB Thursday and Fed given Friday’s employment report—it’s the “bad news is good theme” in play until it doesn’t work any longer.So while there will be Jobless Claims again Thursday most eyes will be glued to Draghi and his press conference. This means what we comment about today is nothing by comparison to the action that should take place Thursday and Friday.So stocks were basically neutralized in advance of Draghi and may see more action even before the employment report Friday.Investment Tip: Wait till you see the whites of their eyes? But you’ll miss the first move bulls argue; however, I advise which move which way?Volume was once again light as investors chose to sit things out before the deluge of news. Breadth per the WSJ was mixed to negative…’ , The Next Round of the EU Implosion is at Our Doorstep September 5, 2012 http://albertpeia.com/nextroundeuimplosionnow.htm , Spot Gold $1700 ZeroHedge.com Earlier we noted Gold's seeming clairvoyance with regard the expansion of the Fed and ECB balance sheets over the last few years. It seems the EUR strength overnight (or stop-run) has provided just enough USD weakness impetus to nudge spot Gold (not futures) back over $1700 for the first time since March 13th. , Retirement Reality Full Frontal: Why Every 30 Year Old Must Risk It All To Be Able To Retire Exceptionally low interest rates are bad for banks, insurers, and, more generically, anyone wishing to save money. Of the three, it’s the situation of the savers that is most untenable. In particular, Citi notes in a recent report, those wishing to retire at 65 or thereabouts are in for a nasty surprise when they start to run the numbers. Given that real yields are negative for Treasury bonds inside of 20-years, the steady stream of inflows into investment grade bond fund that hold a mixture of government, agency, and high grade corporate securities, will simply fail to return an adequate rate of return commensurate with the current savings rates of most retirement savers. What savers need to do is find higher asset returns or increase their personal savings rate. As the chart below shows, there are few options but to go all-in to the most excessive ends of the risk spectrum, or raise the proportion of savings and higher savings rates lead to lower consumption, a decline in corporate profits, and recession. , Citi's 'Red Flag' Warning From The Credit Markets , Bad News For NFP Bulls: Help Wanted Ads Plunge By Most Since Lehman Collapse , The Post Globalized World Part 1: Why The PIGS Are Out Of Luck , 88% Of Traders Expect A Spanish 'Bailout' By Year-End With the front-end of the Spanish (and Italian) credit spread curves having compressed to what Goldman believes is 'fair-value' given rates and current fundamentals, it seems the consensus expectation ahead of tomorrow's ECB call is that Draghi will promise, deliver, and implement instantaneously. In a recent client survey a stunning 88% of investors expect Spain to officially request activation of EFSF/ESM support - subject to an MoU - by the end of the year (with 70% expecting it by the end of October - the heavy redemption month). A full 50% expect the Italians to follow suit by the end of Q1 2013. The paradox of course is that with the spread cost of funding so 'low', Spain has no need to ask for the help that is implicitly priced into the low yields - and with that huge maturity looming, it seems they have two options: 1) pre-empt the redemption by issuing short-dated debt now to fund it (piggy-backing on the ECB's confidence inspiration) but of course this will signal no need for a short-term MoU and therefore no ECB support and therefore bonds will sell-off; or 2) admit defeat, beg for help, lose face and get the bailout... (as we await tomorrow's 'details' on the seniority issue). The promise (or threat) of support implies it has to get worse before it can get better. , US Aircraft Carrier Stennis Is Now En Route To Join Enterprise And Eisenhower Off Iranian Coast , Merkel and Clinton Go To China: One Makes Deals, The Other (clinton) Gets Snubbed Where is the bacon, Mrs. Clinton? , Guest Post: What to Do When - Not If - Inflation Gets Out Of Hand The cheek of it! They raised the price of our favorite ice cream. Actually, they didn't increase the price; they reduced the container size. Raising prices is one thing. We understand raw-ingredient price rises will be passed on. But underhandedly reducing the amount they give you… that's another thing entirely. It just doesn't feel… honest. You've noticed, we're sure, how much gasoline is going up. Food costs too are edging up. Kids' college expenses, up. Car prices, insurance premiums, household items – a list of necessities we can't go without. Regardless of one's income level or how tough life might get at times, one has to keep spending money on the basics. According to the government, we're supposedly in a low-inflation environment. What happens if price inflation really takes off, reaching high levels – or worse, spirals out of control? That's not a rhetorical question. Have you considered how you'll deal with rising costs? Are you sure your future income will even keep up with rising inflation? If your monthly expenses are about $3,000/month, you need 45 ounces of Gold to cover two years of high inflation. , Will We Never Learn? Subprime Auto Loans Accelerating (Again)

Bloomberg FOIA Documents How Wall Street Made A Muppet Of The SEC, Mary Schapiro And Dodd Frank

Submitted by Tyler Durden on 09/05/2012 That the SEC is the most incompetent, corrupt, irrelevant and captured organization "serving" the US public is known by everyone. And while the details of the SEC's glaring lack of capacity to do anything to restore investor confidence in the capital markets, which has become a casino used exclusively by Wall Street to defraud any retail investor still stupid enough to play (which lately a moot point as there have been no material retail inflows into mutual funds in over three years), are scattered, courtesy of Bloomberg we now have the best summary of just how the utterly clueless SEC is a muppet plaything of Wall Street, and together with it, the "grand regulation" that was supposed to keep Wall Street in check, is nothing but what Wall Street demand it to be, and forced the SEC, way over its head on regulation, to accept every change, that the very banks that are supposed to be regulated, demands as part of Dodd-Frank reforms. In short: everything we know about Wall Street 'regulation' has been a farce, and a lie, exclusively thanks to corruption rampant at the now documentedly incompetent Securities And Exchange Commission.

US$2000 gold by year end, Capital Economics maintains

Posted on September 5, 2012 by News

Financial Post (Sept 5) — The price of gold is expected to increase over the next four months as investors demand a safe haven amid concerns over a euro-zone break up according to a new report from Capital Economics.

“We would continue to emphasize that our forecast of a rise in price to $2,000 per. oz by year-end does not rely on the launch of a third round of qualitative easing (QE3). Rather it is mainly based on an exception that a break up of the euro-zone will boost the demand,” said economist John Higgins.

[Source]

JK Comment: So if gold’s rise to $2000 doesn’t depend on QE3, what will happen to the price if Bernanke does press forward? The specter of combined European and US easing is certainly creating a bigger, perhaps even a ‘perfect’, storm for gold. Maybe it is the fact that gold doesn’t ‘need’ QE3 to get to $2000, yet QE3 seems like such a strong possibility, that is prompting a spike in $2000 price predictions/expectations:

Here’s a few…….
Merrill Lynch

Drakon Capital’s Guy Adami

Economist Shayne Heffernan
Afshin Nabavi, head of trading at MKS Finance

$83,046 For A 3 Hour Hospital Visit - Why Are Hospital Bills So Outrageous?

http://albertpeia.com/outrageoushospitalbills.htm

Some Of The Really Bad Things That Could Happen If You Do Not Prepare For The Coming Economic Collapse

http://albertpeia.com/beprepared.htm

Did Obama Just Make A Deal With Israel To Delay The War With Iran Until After The Election?

http://albertpeia.com/wobamadeals.htm

9-4-12 Dave’s Daily: http://www.etfdigest.com ‘ALGO DRIVEN TRADING DOMINATES TUESDAY 9-4-12 The basic news on the day was universally poor and the market reacted negatively, even logically. But as the day wore on the trusty 2:15 PM Buy Program Express took the lead and pushed markets higher. It can only be the result of the ongoing “bad news is good” theme indicating more QE must be on the way. And, let’s face it, our crack addicted trading desks believe in the Bernanke Put and the global central bank put. It’s quite apparent reading the news from China this morning as pundits were universally calling for more PBOC stimulus—it’s QE contagion. Moody’s cut their European outlook to negative which must be viewed two ways: Moody’s gets no respect and it means more QE. Speaking of which the ECB is rumored to be launching “unlimited” bond buying (QE) with “conditions” (whatever those might be). The bond buying is said to be 0-3 year maturities with the implication being the problems of austerity and debt would be Clouseau-like “sol-ved” during that period. Given that sort of optimism you’d not be incorrect in assuming the ECB will need a bailout itself down the road.In lesser news Swiss GDP surprised to the downside, -.1%. In the U.S. the PMI was flat (51.5 vs 51.4) but the ISM Mfg Survey weakened for the third month (49.6 vs 50 expected & prior 49.8) as did Construction Spending (-.9% vs .4% expected & prior .4%). Naturally this was more QE3 friendly which is bullish in the Twilight Zone.As stated, stocks were much weaker most of the day until an algo driven rally awakened bulls late as buy programs kicked-in at the usual hour. But into the closing 20 minutes sell programs hit the tape sending stocks lower once again. There’s no two ways about it, September and October will feature more than the usual amount of volatility.Apple (AAPL) also known as “the market” announced it will put on another show for the financial media September 12^th to unveil its new iPhone presumably. This naturally got the tech sector (XLK) fired-up from its lows of the day to close mostly flat. The biggest mover was small caps (IWM) which are the most sensitive and addicted to QE. The dollar (UUP) was relatively unchanged, bonds (IEF) were weaker, commodities (DBC) were mixed while precious metals (GLD) and (SLV) were higher.Investment Tip: Bill Gross of Pimco tweeted today that investors should buy gold as a hedge against the money printers globally. Who are we to argue? We’re long gold both vanilla and leveraged. Gross: Draghi appears willing to write 2-3 year “checks” to peripherals. Very reflationary. Buy gold, TIPS, real assets.— PIMCO (@PIMCO) September 4, 2012 Volume was only modest overall as perhaps some Labor Day stragglers were coming back to work from the Hamptons. Breadth per the WSJ was mildly positive…’ , 18 Indications That Europe Has Become An Economic Black Hole Which Is Going To Suck The Life Out Of The Global Economy http://albertpeia.com/18indicationseuropesuckinglifeofglobaleconomy.htm , THREE CHARTS TO WATCH FOR SIGNS OF WHAT’S TO COME http://albertpeia.com/3chartstowatchwhatscoming.htm , Economic Failure: 58 Percent Of The Jobs Being Created Are Low Paying Jobs http://albertpeia.com/oecofailureandlowpayjobs.htm , Moody's Downgrades European Union To Outlook Negative ZeroHedge.com , Guest Post: Bernanke: "We Can't Really Prove It, But We Did The Right Thing Anyway" (Riiiiight!) , Financials Hide Analysts' "Earnings Recession" Expectations We know top-line numbers were a disappointment in Q2; but the long-only AUM-defending commission-takers will remind you that 'stocks are cheap', '...valuation...', 'money on the the sidelines', and on the surface there was a 6.9% increase in EPS from Q2 2011 (growthy and as UBS notes - anything but anemic). But, like every good story, the truth is darker under the surface; looking at earnings growth (i.e., without the impact of shrinking share counts) excluding prior-period Financial sector writedowns, we see an outright earnings contraction. Further, consensus estimates are calling for EPS growth to go negative in 3Q12 - falling to $25.07 from $25.65 - which will make two quarters in a row of negative earnings growth - what we would consider an earnings recession. , Reality Bites: Fedex Cuts Outlook On Global Growth Concerns ...and so it begins - with a bellwether:*FEDEX CUTS 1Q EPS FORECAST TO $1.37-$1.43, EST. $1.56 "Weakness in the global economy constrained revenue growth at FedEx Express more than expected in the earlier guidance." FDX -4% AH and UPS -2.5% - both to lows of year! This is a not a good sign for GDP! , It's Official: $16,015,769,788,215.80 , Find Out If Your Apple Device Was Among The 12 Million Units Hacked And Tracked By The FBI , The One Chart To Explain Why ECB's Short-Dated Bond Buying Program Will Fail , Mario Draghi Reprises Hank Paulson: Demands Full Monetization Authority Or Else Threatens With End Of Euro , Facebook 'Barely Legal' As 18 Penetrated , Manufacturing ISM Misses, Third Month In Contraction Territory; Biggest Miss In Construction Spending In One Year , June Foodstamp Recipients Hit All Time High As Three Times As Many Americans Enter Poverty As Find Jobs , 19 Signs That Israel And Iran Are On The Verge Of War http://albertpeia.com/israeliranonvergeofwar.htm

Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. Obama: Biggest mistake too much perspiration, not enough inspiration [What total b***s***!] { Biggest mistake: too much b***s***, not enough substance; that’s reality, not spin! } White House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm } Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... [ Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against sending the DREAM Act to the Senate floor for full consideration. The bill would have created a path to citizenship for many young illegal immigrants brought to the United States as children. Last week, Obama announced plans to stop deporting illegal immigrants who would have qualified for the DREAM Act. The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama desperation hail mary’ that once again falls short. Indeed, as an investor, one analyzes earnings, projects prospective earnings over a 3-5 year horizon, and the quality of the earnings along macro economic factors which are affected by ‘political considerations’. Does anyone remember the honorable Ross Perot who warned of NAFTA’s effect on american jobs even as the democrat administration et als were hell-bent on passing same? Should Romney have breached his legal duty to shareholders and invested in companies with poor earnings prospects? After all, in the financial / security analysis step of projecting the income statement, prospective labor costs figure prominently in the bottomline. In sum, Romney took conditions as he found them, and made the prudent choices which as per his legal duty were optimal for those who put their trust in him. For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. ]
Will accept your birthday or anniversary gifts, too...

IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES (Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT (Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United States of America while Barack Obama is President.  The evidence is overwhelming:  everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed.  Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each.  Nearly 2-1/2 million fewer Americans have jobs than before the stimulus. Barack Obama has been President for 30 months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.  He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW.  His broken campaign promises are too numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!

Poll: R 48% O 44%

RASMUSSEN: ROMNEY 47% OBAMA 44%...
GALLUP: ROMNEY 47% OBAMA 46%...

Dem Gov.: We're Not Better Off Now...

GALLUP: Obama Job Approval Drops to 43%...
PROTESTERS VOW BIGGER CROWDS IN CHARLOTTE...
'Occupy' encampment re-opens near Dem convention...
DNC security rules trigger free speech worries...

KING: Obama presidency has been time of deep Dem decline...
Frustrated union leader throws empty chair...

RECORD-HIGH LABOR DAY GAS PRICES GREET DEMS IN CHARLOTTE...

RYAN: President 'running campaign based on envy and division'...

GOP launches 'Obama Isn't Working' message...

SUNDAY: Dem Gov. -- We're Not Better Off Now...
MONDAY: 'We're Clearly Better Off'...

BIDEN: 'If It Weren't So Hot I'd Go Into Detail'...

Debt to hit $16 trillion just as party gavel in convention...
Dems to bus in black church members from SC...
ID required to attend...

'GODFATHER' TO CUT DNC TRIP SHORT...
Chicago schools brace for strike...

'GOD' LEFT OUT

Dems Drop 'God' From Party Platform...
REUTERS PHOTO DEPICTS HARRY IN HELLFIRE...
Endorse taxpayer-funded abortions...
DNC Video: 'The Government Is The Only Thing We All Belong To'...

ABCNEWSWASHPOST POLL: Obama personal popularity fading...
Women Turning...

DEBT TOPS $16T...
$136,249 Per Household...

FOOD STAMP USE CLIMBS TO RECORD 46.7 MILLION...

Key SOLYNDRA figure 'ran for exit' after seeing ABCNEWS cameras on DNC floor...

UPDATE: Obama gives himself an 'incomplete' grade...
POLL: Just 40% say he deserves second term...

POLL: Less Than Half of Army Officers in Afghanistan Report High Morale...

Panicking Spaniards Pull Out Cash, Leave Country...
Depression, Suicides Rise as Euro Debt Crisis Intensifies...
MOODY'S Changes Rating Outlook to 'Negative'...

COPS: Mother Forces 10-Year-Old Boy To Rob House... { Shafique (black) and her son ran away but Lynnwood police arrested her. They found a stolen laptop and crack cocaine. }

8-31-12 Dave’s Daily: http://www.etfdigest.com BERNANKE SHOWS UP, STOCKS RALLY 8-31-12 { Absolutely amazing that something that’s failed so miserably for all but the frauds on wall street, the price for which will be paid by others now and in futuro could be an accepted/anticipated/cheered strategy- How totally pathetic! How about real valuations based upon real finance, economics as opposed to the fraudulent wall street feel good from inflationary dollar debasement at everybody else’s expense! – summary: ‘…Stocks bounced around most of the day but QE addicts are still running the show. After all it is month-end the opportunity to window dress is ever present.The worst measure of Consumer Sentiment, the U of Michigan’s data was positive (74.3 vs 73.5 expected & prior 73.6). I say it’s the worst measure because it’s weighted too heavily by stock prices. It’s an interesting disconnect from The Conference Board’s report on Tuesday showing a dreadful (60.6 vs 65.4) reading. The Chicago PMI (50.3 vs 50.7) was a disappointment. Factory Orders showed a headline gain (2.8% vs -.5% prior) but inside the numbers capital spending was 4% lower.Overseas the eurozone offered the third straight month of gains despite dreadful economic reports each month. The rumor du jour was that Jens Weidmann, head of the Bundesbank and a thorn in the side of pro-bailout and QE forces in the ECB, was contemplating retirement. That caused stocks to rally as the tough sheriff might be leaving Dodge so the bad guys could tear up the town.One thing is clear; gold (GLD) loves QE since it lowers the value of the dollar (UUP). And, in case you forgot, one of the Fed’s two mandates is to protect the purchasing power of the dollar. What’s the grade for especially given manipulated CPI data …’ Regarding the rally? There’s a blazing full, blue moon up there which has such effect on lunatics as are on wall street and now in nations/markets worldwide! }

‘The Bernanke Put is firmly in place. The much awaited Bernanke speech was just a rehash of previous statements. But others like Fed mouthpiece, the WSJ’s Jon Hilsenrath, has basically said more QE is on the way and it’s just a matter of when. Bernanke’s own words suggest the Fed is keen to promote higher stock prices. As he stated: “It is probably not a coincidence that the sustained recovery in U.S. equity prices that began in March 2009, occurred shortly after the FOMC’s decision to greatly expand securities purchases. And, that this effect is potentially important because stock values affect both consumption and investment decisions.” Therefore we know how he grades performance—the level of the S&P 500. How he believes all this has helped the economy is unexplained. The Bernank has the printing press and you don’t so don’t fight him.There was some disappointment after the vague Bernanke statement as bulls wanted their QE now! But the spin was assured by Hilsenrath and later luminaries like Bill Gross who stated, “QE is a certainty.”With hindsight it was clear now why Draghi was a no show. He knew Bernanke was just going to repeat previous statements thus shining the spotlight on him. He had nothing to offer so he stayed home.Stocks bounced around most of the day but QE addicts are still running the show. After all it is month-end the opportunity to window dress is ever present.The worst measure of Consumer Sentiment, the U of Michigan’s data was positive (74.3 vs 73.5 expected & prior 73.6). I say it’s the worst measure because it’s weighted too heavily by stock prices. It’s an interesting disconnect from The Conference Board’s report on Tuesday showing a dreadful (60.6 vs 65.4) reading. The Chicago PMI (50.3 vs 50.7) was a disappointment. Factory Orders showed a headline gain (2.8% vs -.5% prior) but inside the numbers capital spending was 4% lower.Overseas the eurozone offered the third straight month of gains despite dreadful economic reports each month. The rumor du jour was that Jens Weidmann, head of the Bundesbank and a thorn in the side of pro-bailout and QE forces in the ECB, was contemplating retirement. That caused stocks to rally as the tough sheriff might be leaving Dodge so the bad guys could tear up the town.One thing is clear; gold (GLD) loves QE since it lowers the value of the dollar (UUP). And, in case you forgot, one of the Fed’s two mandates is to protect the purchasing power of the dollar. What’s the grade for especially given manipulated CPI data?Investing tip: Just yesterday we discussed a range of strategies to protect your portfolio from a poor outcome post Jackson Hole. It looks like the Bernanke Put is firmly in place so shorting seems unwise. You either don’t play or go with the presumed next liquidity injection but you don’t need to go “balls to the wall” especially when BRICs and others are in very poor shape technically and fundamentally.Volume expanded on the volatile day’s action but was still below recent standards. I suspect most traders left for the long holiday weekend around noon. Breadth per the WSJ was positive…’ , AN OPEN LETTER TO THE QE CROWD: GIVE UPAugust 31, 2012 By gpc1981 ‘So… all of you were clamoring that QE 3 was coming. It was guaranteed.Well guess what. It didn’t. You were wrong. 100% wrong. All we got was the same tired “the Fed stands ready to act” tagline from Bernanke.This was the obvious conclusion anyone who actually bothered doing research would come to. Bernanke stated as far back as May 2011 that the consequences of QE outweighed the benefits. He also stated a month ago that for the Fed to buy too many Treasuries or Agencies would “hurt” the financial system.But no, everyone and their mother was positive QE was coming today. Nevermind what Bernanke actually says. Nevermind that food and gas prices are near records. Nevermind that the political consequences of QE now would assuredly cost Obama the election and result in Mitt Romney taking the Fed to task once he was in office… QE was definitely coming today.You were wrong. You’ve been wrong for over a year. The fact the market has ramped after the Fed disappoints only shows how desperate the QE crowd is (“surely this leaves the door open for QE down the road”.  We’ve been through this same tired scheme over 10 times now.It’s 100% totally and completely pathetic. And the fact so many people buy into it is proof positive that sadly many investment professionals don’t have a clue how to perform critical analysis or even accurately engage with reality.So Bernanke disappointed. Next up is the ECB. What happens if it disappoints? What happens if the whole “Central Banks can save the day” philosophy turns out to be total nonsense? Just a thought. One that might be worth considering given that the claims of more QE have proven to be bogus for over a year now. On that note, I’ve already alerted my Private Wealth Advisory subscribers to a handful of investments that will explode higher as the markets realize THE OBVIOUS TRUTH: THE CENTRAL BANKS ARE TAPPED OUT FOR NOW…’ , Can "It" Happen Again... Again? ZeroHedge.com { Yes! } Many have talked about it. More have eschewed it. But Minsky's hugely important insight in asking the question "Can 'It' Happen Again?" regarding the Depression remains critical reading for any- and every-one who opines day-in and day-out on how much we need or do not need Central Bank money-printing… , Charting China's 'Monetary Policy' Impotence , Visualizing The Public Vs. Private College Debate , Today's Mad 'Manipulated' World Of Markets; Or "How To Fit 2 Seconds Of Trading Into 1 Millisecond!" , Europe's Scariest Chart... Got Scarier While the general level of unemployment in Europe is rising in a scary enough way (more detail here), the one really concerning data point has gone from bad to worse. When we last looked at youth unemployment in Europe, things were stabilizing a little, though at extremely lofty levels. With the release of July's data, the situation has deteriorated rapidly; Euro-Zone youth unemployment hs now ticked back up to its euro-era record-high of 22.6% (18-year highs). Only Portugal saw an improvement is the rate of unemployment among the Under-25 age group (from 37.6% to 36.4%) though it remains anarchically high. Italy was the hardest hit, back above 35% with its largest rise in youth joblessness in 5 months, Ireland rose back above 30% for its biggest rise in 11 months as France jumped to two-year highs and Spain and Greece are practically deadlocked with ~53% of their younger-generation out of work - new all-time records. Why do we worry? Why is this so scary? Two reasons - this and this. , Guest Post: Your Window to Buy Gold Below $1,700 Is Closing Even the hardiest investors have been lamenting that gold prices have been stuck in a rut for a long time. Others with less experience have watched the market waiting for something to happen... And as always, many bailed out of the market entirely, licking their wounds. But some, have been stocking up. Regardless of the date, we're confident that a new high in the gold price will come. The highs will come because many major currencies are unsound, overburdened with debt, and being actively diluted by governments. Indeed, the ultimate high could be frighteningly higher than current levels. As such, we suggest taking advantage of prices that won't be available indefinitely. I think we all need some of nature's cure for man's monetary ills. , Guest Post: The End Of The Euro: When Will It Happen? In Rome, the main post office is in a majestic old building with imposing architecture. It was a procession just to buy a few stamps. Stand here, stand there. Take this ticket, fill out this form, print that form. What should have taken 10 seconds took 10 minutes;  the process it took to get there was a real eye opener. They have all these fancy IT systems, but we get the sense that this ‘technology’ just gives the post office a veneer of modernity and sophistication without actually being necessary or adding any value. This is typical of bureaucracy: take a simple task, make it unnecessarily complicated, then spend a bunch of money on technology that makes it even more complicated. Given this experience, Italy has clearly mastered the art of unnecessarily complicating the simple. It’s no wonder they have serious problems paying the bills. Moreover, the country’s demographic challenges indicate the country’s fiscal situation cannot improve. Robust economies are productive… and productivity is typically not associated with the elderly. Italy has one of the world’s oldest populations concurrent with one of the lowest birth rates. This trend drives an unsustainable fiscal quandary: bloated public sector bills with lots of old people to pay pensions to, coupled with a rapidly shrinking population devoid of young workers to pay taxes. At this point, there can be little doubt that Italy will exit the eurozone... most likely voluntarily. A return to the lira means the Italian government (probably to be headed by Berlusconi once again) would be free to print currency at will. This is the only reasonable solution remaining. When will it happen? Probably sooner than we think. , Guest Post: The Real Reverse Robin Hood: Ben Bernanke And His Merry Band Of Thieves Listen up, debt-serfs, you have it good here on the manor estate. You get three squares of greasy fast-food or heavily processed faux-food a day, and if Reverse Robin Hood and his Merry Band of Thieves is ripping you off it's for a good reason: the predatory Neofeudalist Financial Lords need the money more than you do, as they have a lot of political bribes to pay: it's an election year, and the bribes are getting increasingly costly. Poor things, we're sure you understand. Now go back to work or watching entertainment (or "news," heh) and leave the Lords alone - but answer these 11 questions first, before hailing the new hero. , Relying Upon The European Numbers We fear that the data given to us by Europe is erroneous. , Mission Intractable: ECB Bond-Buying Plan-For-A-Plan Will Self-Destruct In 24 Hours Have no fear; Europe closed and equities leaked so a quick series of European comments are more than required... Bankia, check! Bank backstops, check! ECB Bond-Buying Plan...

*ECB SAID TO PLAN TO GIVE GOVERNORS BOND PROPOSALS ON SEPT. 4

*ECB SAID TO HAVE NO PREFERRED OPTION FOR BOND PURCHASE PLAN YET

So no real idea what they are actually going to do. However!

*ECB SAID TO GIVE CENTRAL BANKS 24 HOURS TO DIGEST BOND PLAN

Former Fed Governor Heller: "Fed Will Not Act Before Fiscal Cliff Resolved"

Submitted by Tyler Durden on 08/31/2012

Perhaps it is the weight that is lifted from having to tow the propaganda life while under the influence of the Fed, but Robert Heller (ex Fed Governor) just laid out the 'translated' version of Bernanke's speech this morning. "I don't think the Federal Reserve will take any action, certainly not until the fiscal cliff, the fiscal uncertainties are actually addressed," which is similar to our interpretation of Bernanke's comments as he added "if they're not addressed and the economy falls off the cliff; yes, then you may get QE3," but "I don't see that happening before the election!" This great interview - somewhat stunningly truthy for CNBC - is well worth five minutes of your time (on this ever-so-hectic Friday before Labor Day) as Heller discusses teh fading impact of QE, the risk of enormous losses for the Fed, and the danger of believing in a 'safe' exit strategy.

Algos Set New Speed Reading Record: 4549 Words In 20 Milliseconds

Submitted by Tyler Durden on 08/31/2012

The market is indeed a discounting mechanism it appears. In a mere 20 milliseconds, the world's 'traders' had managed to read Bernanke's 4549-word script, interpret it (as bearish in this case - which apparently is wrong now?) and start to sell down the major equity indices. As Nanex points out, not only was the reaction lightning fast (actually faster than lightning) but it occurred in their newly created 'fantaseconds' as trades were timestamped 'before' the bids and offers were even seen in the data-feed. How long until the machines can interpret Bernanke's 'pre-QErimes' and really front-run reality?

The $3,200,000,000,000 Question: Why Housing Has Much More To Drop Before It Bottoms

Submitted by Tyler Durden on 08/31/2012

It is no secret that having failed repeatedly at the trickle down aspect of QE1, QE2, Op Twist 1, Op Twist 2 (and implicitly LTRO 1 and LTRO 2) as it pertains to the man in the street (if not the man in Wall Street, who was subject to 1-2 years of subpar bonuses which have since regained their upward trendline), the last effort the central planners of the world, and the administration, have is to furiously do everything in their power to reflate housing one more time, following what is already a triple dip in home prices ever since the December 2007 start of the Second Great Depression. Which is why month after month we get seasonally fudged, conflicted and outright manipulated data from various sources how housing has bottomed, for real this time, and things are finally looking up. Remember: with any con game, the key word is confidence, and the US consumers need to regain their confidence. Sadly, as the following very simple chart and accompanying explanation, the answer to the housing question is only one: there will be no housing recovery until much more debt is eliminated. $3.2 trillion to be precise. Everything else is merely fits and spurts of upward action predicated by easy money hitting the market either directly, or via the "REO-to-Rental" stimulus program du jour, which lasts for a few months then promptly evaporates.

8-30-12 Dave’s Daily: http://www.etfdigest.com PROTECT YOURSELF AT ALL TIMES 8-30-12 { Carbon-based unit indeed, Dave. Brings to mind that great first installment of what was to breathe life into that ultimately hugely successful franchise, ‘Star Trek’; viz., the profound ‘Star Trek: The Movie’, directed by no less than Robert Wise (‘The Day the Earth Stood Still’) himself. } There’s enough ideas about what to do now as Bernanke steps to the plate Friday to either regurgitate familiar messages, provide more QE, conduct more coordinated QE with other central banks or something not imagined by this carbon based investor. And as luck would have it, the day before this announcement the S&P 500 tested its 1400 level of support. I think the HAL 9000s must be on autopilot for that one. September and October are fraught with perils including eurozone drama, the Fed to U.S. elections. What’s an investor to do? For our part we’ve moved heavily to the sidelines given weekly DeMark 9 setups of two weeks ago. From those generally in my experience we can just move sideways or correct nearly 70% of the time—a pretty good batting average. Failing that a rising trend most likely occasioned by more money printing would steamroll the indicator and most others. Let’s just call it the “more money than brains” effect. But since you may not have our preferred tool at this time, what are other things you might do to protect yourself. After all, sleeping at night free from worry is important to most investors. Never mind that greed and fear can haunt you. You could tighten your stops if you’re long. In this environment with machines running Wall Street these could be blown apart on any major gap down. Sure, you could use “limit” orders and that might prevent a poor initial result but if markets continued to drop precipitously you’re still out of luck. You could buy some put options on the S&P but that might not be your thing. And, if you did, which should you choose? As a former options principal my style would be to buy an “in the money” put option with a duration beyond shortly beyond the November election. If you’re wrong and markets rally you can close your position and write-off the loss as the cost of the insurance premium. There are more sophisticated option related strategies but they’re quite complex for most investors. You could buy an inverse equity ETF like ProShares’ Short S&P 500 ETF (SH) to hedge and perhaps just hold for a month or so given potential tracking inefficiencies. If you’re bullish, you could put a buy stop limit order beneath the current market, and if it falls sharply you’ll get a cheaper price—lucky you! Moving to the sidelines is the least costly unless you’re consumed by the fear of missing out on a big rally. This is more common than most imagine since bulls like to tell you with certainty that you’ll miss the first move which is always the biggest. But I’ve always reminded investors of one caveat; you’ll miss the first move but in which direction? Since we’re always willing to short if we have a signal to do being ready to go long or short from cash is equally as important. So where does this all leave us? Probably just as confused and frustrated as you. Meanwhile, back at the ranch Wall & Broad markets sold-off as rumors persisted there won’t be QE3 because conditions are just too good. Seriously. Jobless Claims missed (374K vs 370 expected & prior revised higher to 374K0 allowing headline writers to call things unchanged. Personal Income was unremarkable (.3% vs .3% expected & prior .3%) and Consumer Spending rose (.4% vs. .4% expected & prior .0%) meaning more spending than income. The Fed’s favorite view is PCE (1.3% vs 1.5% prior & “core” 1.6% vs 1.8% prior) which suggested higher prices are contained. Mrs. Bernanke doesn’t shop and “the beard” has a limo so no worries. In the eurozone confidence dropped to 86.1, the lowest since…wait for it, August 2009. China stocks dropped for the 4^th straight month. Separately, copper demand from China was the lowest in 15 years—that’s quite “a tell” of declining economic activity. This is an abbreviated post targeting just a few markets since everything is Bernanke dependent now. Volume on selling naturally rose to the highest level this week but was still low historically. Breadth per the WSJ was negative…’ , Clint Eastwood to speak at the Republican National Convention: reports { Indeed he did! All is not unforgiven. That’s a double-negative, Clint, meaning all’s forgiven ( I just wanted to interject his oscar-winning ‘Unforgiven’ for the record, along with ‘Million Dollar Baby’) for your pro-gay marriage, don’t give a f*** egalitarian position (I actually thought in light thereof he was a ‘wobama man’)... 82 and still truckin’ in a big way…what a guy…I’m impressed…he made our day! ( There are some detractors, talkin’ this and that about his speech; but, the point is that Clint’s doing it, not just talkin’ about it! ) Well Done, Clint! I’m also adding here for the record the fact that Robert Duvall did a fundraiser for President Romney with First Lady Ann Romney; and, had an underrated, underappreciated superb (less than big budget) film of his own, ‘Assassination Tango’, which in light of nuanced performance and attention to detail deserved greater attention and acclaim ( any guy whose been offered a free poke from Diane Lane [‘Lonesome Dove’] and loves the smell of napalm in the morning [the great ‘Apocalypse Now’] is more than okay in my book). And, Jon Voight: The Advocate … Who woulda thunk it? Cogent and relevant! } , Tokyo court rules that Samsung did not infringe on Apple patent AP { This is a very big deal! } , More Bad News Imminent: August US Auto Production Set To Plunge By Most In 16 Months , What Americans Actually Do All Day Long - In Three Charts ZeroHedge.com The average American spends 9 hours, 12 minutes, and 36 seconds 'Working & Commuting' on an average workday. Wonder what they do with the rest of their precious 'unproductive and non-tax-providing' day? http://albertpeia.com/whattheydo.png , Guest Post: Paul Krugman’s Mis-Characterization Of The Gold Standard With a price hovering around $1,600 an ounce and the prospect of "additional monetary accommodation" hinted to in the latest meeting of the FOMC, gold is once again becoming a hot topic of discussion. Krugman, praising 'The Atlantic's recent blustering anti-Gold-standard riff, points to gold's volatility, its relationship with interest rates (and general levels of asset prices - which we discussed here), and the number of 'financial panics' that occurred during gold-standards. These criticisms, while containing empirical data, are grossly deceptive.  The information provided doesn’t support Krugman’s assertions whatsoever.  Instead of utilizing sound economic theory as an interpreter of the data, Krugman and his Keynesian colleagues use it to prove their claims.  Their methodological positivism has lead them to fallacious conclusions which just so happen to support their favored policies of state domination over money.  The reality is that not only has gold held its value over time, those panics which Krugman refers to occurred because of government intervention; not the gold standard. Keynes himself was contemptuous of the middle class throughout his professional career.  This is perhaps why he held such disdain for gold. , Charting The Unprecedented 'HFT-Driven' Rise In Intraday-Trading Volatility , The Election: It's The Food-Stamps, Stupid! , As Bank Profits Plunged In 2011, Banker Bonuses... Rose , ECB's Asmussen 'Double-Speak' Confuses Algos But Rajoy Gets The Message , Guest Post: On Switzerland And The Mafia A few weeks ago, western governments' war on productive people took an interesting twist when US immigration authorities detained two teenage children of an asset manager based here in Switzerland. The kids were traveling through the United States by themselves to visit extended family, and they were interrogated for six hours about their father's business and whereabouts. During the six-hour ordeal, the children were not allowed to contact family members who were waiting for them, nor any sort of attorney or advisor. This 'guilty until proven innocent' approach is the same sort of special treatment reserved for suspected terrorists. The only difference is that you don't end up in Guantanamo. Free societies do not treat people this way. Hell, most criminal networks don't even treat people this way. And while it may raise a few bucks in the short run, in the long run it's counterproductive. People adapt. They create underground, cash-based economies. They leave. Foreign investors stay away.

Morning Snapshot

Posted on August 30, 2012 by News

(USAGOLD) — Gold remains consolidative to mildly corrective. While recent housing data took a little wind out of the sails of the QE3 advocates, the Atlanta Fed’s Lockhart seemed to suggest on CNBC today that additional measures were indeed going to be forthcoming…it was just a matter of timing.

Lockhart said that more easing in September was going to be a “close call,” reiterating that action was data dependent in saying, “If we were to see deterioration from this point, let’s say a persistence of job growth numbers that were well below 100,000 per month, or see signs of disinflation that could signal the onset of deflation, then there wouldn’t be much of a question about policy.” Those data have not been quite that bad of late, suggesting perhaps the Fed might indeed be looking to keep its powder dry for the time being.

Nonetheless, the market will be hanging on Bernanke’s every word when he speaks in Jackson Hole on Friday. They’ll be hoping to glean additional clues as to the likelihood of further Fed measures in September, or whether they should just start looking forward to the October FOMC meeting.

Our own Mike Kosares, wrote a couple really good posts on the Breaking News Page yesterday on the topic of QE3:

One man’s opinion on Bernanke’s QE3 quandary

Follow up question: How would the lack of QE3 affect the gold market?

As I’ve stated in the past, the direction gold ultimately takes is not wholly dependent on whether there is a QE3 or not. Mike apparently agrees, calling QE3 a “huge distraction and a short term consideration that takes away from the real reasons why the gold price might rise in the years to come.”

The speculation about additional ECB measures continues to rage as well. Both business and consumer confidence in the eurozone plunged to 3-year lows in August, upping the pressure on ECB chief Mario Draghi to find a way to provide additional stimulus without enraging core-Europe…and specifically the Germans.

• US initial jobless claims UNCH at 374k for the week ended 25-Aug, above expectations of 370k, vs upward revised 374k in the previous week.
• US personal income +0.3% in Jul, in-line with expectations, vs negative revised +0.3% (from +0.5%) in Jun.
• US PCE +0.4% in Jul, in-line with expectations, vs UNCH in Jun.
• German unemployment (sa) steady at 6.8% in Aug, in-line with expectations.
• Eurozone economic confidence fell to 86.1 in Aug, below expectations of 87.6, vs 87.9 in Jul.
• Eurozone consumer confidence confirmed at -24.6 in Aug.
• Eurozone industrial confidence fell to -15.3 in Aug, below expectations of -15.0, vs negative revised -15.1 in Jul.
• Eurozone business climate improved to -1.21 in Aug, on expectations of -1.30, vs -1.27 in Jul.
• Eurozone services confidence fell to -10.8 in Aug, below expectations of -9.0, vs -8.5 in Jul.
• Japan large retailer sales Y/Y JUL -4.4% y/y in Jul, vs -2.6% y/y in Jun; total retail sales -0.8% y/y.

What Is The Best Place To Live In America? Pros And Cons For All 50 States

http://theeconomiccollapseblog.com

http://albertpeia.com/proscons50states.htm

{ You really can’t dismiss this brief/simplistic survey out of hand; after all, he gets the the following almost right (jersey should be ranked below all; ie., ‘F-‘ !) New Jersey: Pros: anyone got something? Cons: high population density, Camden, Newark, not enough jobs, multiple nuclear power plants, Atlantic City, crime, gang violence Overall Rating: D- / California: Pros: Disneyland, warm weather, Malibu Cons: high taxes, Jerry Brown, earthquakes, mudslides, wildfires, gang violence, crime, traffic, rampant poverty, insane politicians, ridiculous regulations, bad schools, political correctness, illegal immigration, not enough jobs, air pollution, multiple nuclear power plants, possible tsunami threat along the coast, Los Angeles, San Francisco, Oakland, Stockton, Sacramento, huge drug problem, high population density, the state government is broke, many more reasons to leave California right here http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm http://albertpeia.com/hopelesscluelesscalifornia.htm Overall Rating: F }

8-29-12 Obama Has Stolen $5.3 Trillion From Our Children In Order To Make Himself Look Good http://albertpeia.com/obamastole5plustrillionfromuschildrentohidehisfailure.htm ‘Barack Obama has destroyed the future of America in order to improve his chances of winning the next election.  Under Obama, 5.3 trillion dollars has been ruthlessly stolen from our children and our grandchildren.  That money has been used to pump up the debt-fueled false prosperity that we have been experiencing.  When the U.S. government borrows money that it does not have from someone else (such as China) and spends that money into the economy it is going to make our economic numbers look better…By the end of Obama's first term, the U.S. national debt will have grown more than it did from the time that George Washington became president to the time that George W. Bush became president…’ , Citigroup Has The Best Summary Of Europe's Fiasco Yet: "Losses Are Unquantifiable" ZeroHedge.com Feel like every day Europe is juggling hot potatoes? You are not alone. As the following graphic summary from Citi's Matt King (whose insight into Europe, liquidity conduits, shadow banking and a comprehensive picture of modern financial "innovation" has rapidly become second to none) shows, the hot potatoes are getting hotter by the minute, and are flying ever faster and higher. But the kicker: King has the best punchline on Europe we have yet encountered: "Losses are unquantifiable" Q.E.D. , Guest Post: Boom and Bust - The Evolution Of Markets Through Monetary Policy The outcome of the next round of monetary policy will be similar to those in recent history mentioned in this paper... "Perceived inflation will go through the roof.  We’re talking about near 0% interest rates around the developed world (near-term rates in Germany hit 0% in the auction at the end of May and are expected to go negative).  Oh yeah, and massive inflation.  I think gold will have no trouble hitting $3,000/oz in the medium-term and I see copper tripling over the next decade.  This is, of course, until we hit the next bubble sometime around 2018 and start over again.  The trend remains: since the stock market crash of 1987, through the dotcom bubble, and into the real-estate & stock market bubbles of 2007, each euphoric high and ensuing crash have been more extreme than the last.  These extremes are fueled by the easing that is meant to cure us.  The policy that we are facing within the coming months/years will, as the trend dictates, trump them all, and so inevitably will its hangover." , Draghi’s Master Plan Matrix Following the dismal failure of Draghi's OpEd this morning (which we assume was a reprint of his much-anticipated - and now cancelled - speech from J-Hole) to jawbone anything but a very brief pop in EURUSD, we thought it useful to aggregate all the great-and-good deeds the ECB elder is considering (and why). Europe remains in a long-term deleveraging phase (as much of the developed world finds itself). This lack-of-demand for credit has crushed the so-called 'money-multiplier in Europe, just as it did in the US (which we discussed in detail here as worse than the Depression); as banks have simply stockpiled the vast sums of LTRO/ECB-collateralized funds. This has left him feeling less than his normal omnipotent self and so he is forced to act even more extremely (or talk about acting that way). The following matrix from Morgan Stanley outlines his policy options under various scenarios as we note few (aside from a rate cut) are actionable in the short-term, and even fewer are likely to make any difference to this long-term deleveraging-cycle , VIX Rises, Equity Futures Fall, Volume Disappears (Again) , Your Tax Dollars At Work: The US Budget Visualized For Congressional Dummies With a $3.8 trillion yearly budget, the US Government is the most powerful entity in the world. This simple infographic shows how the money was spent. , Guest Post: Doug Casey Uncovers The Real Price Of Peak Oil Doug Casey is of the opinion that the Hubbert peak-oil theory is correct. In the 1950s, M. King Hubbert projected that US oil production would start declining in the 1970s, and he was accurate. Then he projected that in the mid-2000s, the world's production of light, sweet crude would start declining. He was quite correct about that, too. There will always be plenty of oil at some given price, but to produce oil – even conventional, shallow, light sweet crude – now costs close to $40/bbl in many places. Drilling in politically unstable jurisdictions with sparse infrastructure is neither cheap nor fun. We're talking about production costs of at least $80/bbl in many cases. In an industrial world with seven billion people, the only energy source that makes sense is nuclear power. Sure, you can use wind and solar from time to time and in certain places. But those technologies are extremely expensive, and they absolutely can't solve the world's energy problems. , Chart Of The Day: From Pervasive Cheap Credit To Hyperinflation , Place Your Bets The Chinese Stock Markets are returning to the lows of 2009 and the Europe is mired in a recession. The American Stock Markets are not far off their highs and we do not think this will continue. Mark Grant is quite negative, for all kinds of reasons, about our equity markets now and would be taking profits and returning to the more assured bets of getting yield from bonds and not from dividends. A dividend may be reduced or cancelled by the wave of some Boards’ hand one afternoon while senior debt cannot be cancelled without the company or the municipality going into bankruptcy so that the top of the capital structure is far safer than relying upon dividends for income. In the next sixty days we are faced with Greece, Portugal, Spain, Italy and ECB issues that are quite serious both economically and politically. You may think what you like but there is a lot of risk on the table; of that you may be assured. When someone says, “Buddy can you spare a dime” we would like to be the one being asked and not the one doing the asking. It is here where we stand and wait.

European Bank Run Watch: Spaniard Edition Reggie Middleton The Spanish bank run has started -  as was explicitly warned about 6 months ago! , JaCKSoNHoLe 2012 williambanzai7 Another year, another central planning pipe dream... , Three Questions for Mario “bumblebee” Draghi Phoenix Capital... Mr Draghi… a few questions for you…

Frontrunning: August 29

ZeroHedge.com by Tyler Durden on 08/29/2012

Hurricane Isaac Whips Storm Surge on Path to New Orleans (Bloomberg)

Republicans Vow to Transform Obama’s U.S. With Low Tax, Freedom (Bloomberg)

Little-known Ryan to take center-stage at Republican convention (Reuters)

An $800 billion stimulus tempest in a teapot: China State Researcher: Local Govt Investment Plans Largely Symbolic (WSJ)

China Says Payment Delays, Defaults May Worsen (Dow Jones)

G-7 Countries Call for Increased Oil Output to Meet Demand (Bloomberg)

Creeping Socialism: Clegg calls for emergency tax on rich (FT)

United Airlines computer problem delays 200 flights (Chicago Sun Times)

Paulson, Investors Avoid Fireworks Despite Brutal Run (Bloomberg)

Occupy Sets Wall Street Tie-Up as Protesters Face Burnout (Bloomberg)

The nostalgic grass is always greener: Serbia Joblessness Swells as Milosevic-Era Leaders Return (Bloomberg)

Into the Meat Grinder: A “Market Meltdown the Likes of Which We’ve Never Seen Is Upon Us”

Mac Slavo | America is about to be put through the meat grinder and despite what President Obama or Governor Mitt Romney say they will do to fix the fundamental issues facing our country, the end result is inevitable.

8-28-12 Dave’s Daily: http://www.etfdigest.com ‘QE QUESTIONS { To QE or not to QE, that is the question…whether it is nobler in the mind to suffer the slings and arrows of outrageous destruction of fortunes … ah, yes … good choice Dave … I know those soliloquies by heart…and now, a little Lewis Carroll with a mad hatter none other than helicopter-ben-shalom-bernanke … } 8-28-12 It’s not like words fail me, it’s that volume and waiting do. Yesterday I didn’t post as volume on much watched SPY was only (cough) 65M shares. That’s even less than a half-day holiday-like trading. Markets followed by doing little. What’s the point of even discussing it? As long as economic data dominates without market reaction it’s hard to write much. I may continue light posting until Friday if this persists. All eyes are glued to whatever hints develop before Jackson Hole and events that follow in rapid fire succession in September. Traders (wish I had done the same) have taken the last two weeks of August off. That in itself isn’t unusual but this lack of action is extreme. Clearly those less fortunate junior traders have been left in foxholes to defend the market status quo. Both bulls and bears are essentially sidelined. The Fed’s oracle, Hilsenrath is awaiting orders and targeted leaked information to assuage investors causing algos to jump or not. Early on it was noted the ECB’s Mario Draghi would be making an appearance and might have been the star of the Jackson Hole show. But today he backed out. Some have rationalized this to mean he either didn’t want to steal the limelight from Bernanke or he had no ability to confirm previous statements to “defend the euro at all costs” and etc. Perhaps this might mean in Bernanke’s speech Friday he will reveal new actions. If he has the authority to implement another round of QE he must have gotten votes to do so via a conference call with other voting Fed governors. But I speculate. Spain’s GDP shrunk once again to -.4% which seemed generous given the news backdrop. The Catalan province “demanded” a €5 billion bailout “without” any conditions. (Beggars are now choosers.)The Basel Group is now under direct ECB pressure to relax new liquidity rules for banks which some might surmise would allow for additional misbehavior.Not to be left out, Japan is lowering its GDP estimates but can’t really find a firm number to assign to it. Let’s just say things aren’t good.In the U.S. Consumer Confidence imploded (60.6 vs 65.8 expected & prior 65.9) or a 9 month low. This was quite stunning and may be the result of rising gas prices and ongoing joblessness. You wouldn’t have known this by the Consumer Discretionary sector (XLY) which rallied on the news. This reflects the “bad news is good” theme for QE pimps. Bulls liked that Home Prices rose .9% or the same as in June although it seems to me this is the season for home buying. But even Shiller commented that improvement was nice but there wasn’t a rush to buy. The Richmond Fed Index was better but still weak at -9. http://albertpeia.com/consumercon.png Wednesday will feature U.S. GDP data, Corporate Profits and Pending Home Sales. This is an intense week for economic data although the featured player remains the Bernank.The dollar (UUP) was weak while gold (GLD) and silver (SLV) were higher. Oil (USO) was only slightly higher keeping commodity tracking ETF (DBC) only slightly better on the day. Bonds (IEF) once again rose on the weak overall economic data.Stocks limped along throughout the day Tuesday closing mostly unchanged. Volume was once again ultra-light and breadth per the WSJ was mixed overall…’ , Drudgereport: Gasoline To Hit Labor Day Record Price... { Predominantly the consequence of failed QE for the benefit of fraudulent wall street only and wobama’s (failed) re-election scam! } , Is There Going To Be A Stock Market Crash In The Fall? http://albertpeia.com/stockmarketcrashcoming.htm { Short answer, YES! If there’s still any rationality left in these stock markets! } , FOUR REASONS WHY THE FED WILL NOT ANNOUNCE QE 3 THIS FRIDAY gpc1981 http://albertpeia.com/4reasonsnoqe3.htm , $16,OOO,OOO,OOO,OOOBAMA! ZeroHedge.com November 16, 2011 was a historic date: that's when the US officially surpassed $15 trillion in debt for the first time since World War 2. We celebrated it by cheering $15,OOO,OOO,OOO,OOOBAMA. Today, August 28, 2012, is when we can unofficially celebrate again, because 286 days after the last major milestone was surpassed with disturbing ease, total US debt following today's $35 billion auction of 2 Year bonds is, well, in a word: $16,OOO,OOO,OOO,OOOBAMA!  , Judgment Day For The Euro And What's At Stake Europe and the world are eagerly awaiting the decision of Germany’s Constitutional Court on September 12 regarding the European Stability Mechanism (ESM), the proposed permanent successor to the eurozone’s current emergency lender, the European Financial Stability Mechanism. The Court must rule on German plaintiffs’ claim that legislation to establish the ESM would violate Germany’s Grundgesetz (Basic Law). Nobody knows how the Constitutional Court will rule on these objections. It is good that the Court’s decisions cannot be forecast, and even better that the Court cannot be lobbied or petitioned. The European Union can be based only on the rule of law. If those in power can break its rules on a case-by-case basis, the EU will never develop into the stable construct that is a prerequisite for peace and prosperity. , The 'Euphoric' Economy And Why 'They' Didn't See It Coming We are often asked for glossaries or background posts to help in the comprehension of how-we-got-here?, where-here-is?, and where-we-are-going? We hope that our posts, while diverse in nature, build upon one another and provide an educational platform for all levels of market/economy participant (active traders, passive investors, and working / non-working citizens alike) but as far as a succinct primer on how broken the status quo is and the 'euphoric' economy that very few could see through their Keynesian "debt doesn't matter" blinders, Steve Keen's introductory lecture at UWS is perhaps the most complete soup-to-nuts discussion we have seen recently. From the OECD's total ignorance to Bernanke's 'Great Moderation' miss; from economic 'religion' to science; and from Keynes to Minksy, Keen explains, in language even Chuck Schumer could understand, how more debt doesn't solve too much debt, how stability breeds instability, and why the US won't be finished deleveraging until 2025 (at this rate). , The Ultimate Visualization Of Australia's Housing Bubble , Guest Post: China's Difficult Choice Over the weekend, we pointed out that the old mechanism for the People’s Bank of China to expand its balance sheet and create base money has been broken by new funds flow pattern, and it will sooner or later require some sort of large scale asset purchases programme a.k.a. quantitative easing to offset the impact of the broken mechanism (after other tools such as cutting RRR reach their limits). However, we also mentioned that as the private sector is currently quite overstretched and will start the deleveraging process (if they have not already started), and that would render traditional monetary tools useless, and quantitative easing ineffective. And that would necessitate deficit spending at both local and central government levels. If we have read the social mood correctly that China might be more pro-austerity than pro-Keynesian, and if policymakers indeed share that view, then the consequence in the near term could be rather grim. The delay in stimulus as well as the small size of it so far has already done damage, if you like. The economy is already on course to a hard landing. , China's 'Non-Performing Loan' Nightmare , From Hard Landing To Train Crash, All Chinese Indicators Have Slammed On The Brakes , Guest Post: The New Endangered Species: Liquidity & Reliable Income Streams , Drought Crop Update: From Harsh Expectations To Harsher Reality , Despite Record High Stocks, Consumer Confidence Crashes to 9 Month Low , Case Shiller Home Prices Beat Expectations, Rate Of Increase Slows , Guest Post: The Rot Runs Deep 2: Don't Call Out My Scam And I Won't Call Out Yours

Guest Post: Why Everybody's Going To War in the Middle East

"Everybody's going to war but we don't know what we are fighting for."– Nerina Pallot, from "Everybody's Gone to War"

All sides in the coming conflict – except for the civilian populations and the soldiers maimed and killed – believe they will benefit from a limited war in the Middle East if everything goes according to plan. However, nothing ever goes according to plan in wars and this is the problem the world will face. Prolonged recession or depression, wealth and benefit confiscation throughout the EU, US and other Western democracies and the risk of a Middle East conflict spreading around the world is our fear. Who is guaranteed to win regardless of the outcome of the war and whether it can be contained? The Anglo-American financial elites and the bankers always win every conflict regardless of the military outcome. This is the history of the 20th century and we see no reason that will change now.

Henry Paulson Confronted on Threatening Congress With Martial Law

We Are Change | Paulson’s cronies strong arm citizen journalists to prevent questions to former Treasury Secretary and Goldman Sachs executive.

It Is Not Just Your Imagination – American Families ARE Getting Poorer

The Economic Collapse | Did you know that median household income in the United States is lower today than it was when the last recession supposedly ended?

Breaking Evidence in Gov’t Fraud Revealed

Infowars.com | The U.S. Government is the world’s largest buyer of goods and services.

Will the next iPhone replace your wallet? Apple set to take on Google with chip that could let you pay with a wave of your handset

UK Daily Mail | The iPhone has already replaced digital cameras, MP3 players and portable games consoles for most owners.

Whispers on Wall Street: Major Financial House Is Going to Implode… Could It Be Morgan Stanley?

Mac Slavo | Before the collapse of mega behemoth Bear Stearns there were rumors that a major Wall Street firm had bitten off more than it could chew.

Summer Is Over With A Bang As Bomb Explodes Outside Greek Bank

Zero Hedge | A makeshift bomb exploded outside a National Bank of Greece branch in Athens early on Tuesday, causing minor damage but no injuries, police said.

Feds: Too few Americans ‘turn to government for assistance’

Washington Examiner | More Americans rely on their families for assistance than the government, so federal officials have undertaken an effort to help people to apply for federal assistance.

Blunt Christie tells Republicans it's time to face fiscal truth - TAMPA, Florida (Reuters) - New Jersey Governor Chris Christie accused Democrats of refusing to tell Americans the truth about the depth of the country's deep fiscal woes on Tuesday in a pugnacious... { I had no idea Gov. Christie was a former federal prosecutor. Maybe he could find out what happened to asst. us attorney Jonathon Lacey, the files/documents/exhibits etc., from as well, former us attorney alito and fed judge maryanne trump barry, former us trustee leonard … http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

8-27-12 Doug Casey Predicts Day of Economic Reckoning Is Near (Casey Research 8-27-12) http://albertpeia.com/caseysayseconomicreckoningnear.htm , ANGELA MERKEL JUST REVEALED THE TRUTH ABOUT EUROPE gpc1981 http://albertpeia.com/truthabouteurope.htm , It Is Not Just Your Imagination - American Families ARE Getting Poorer http://albertpeia.com/americansgettingpoorer.htm , A Flashing Warning On The "Unintended Consequences" Of Ultra Easy Monetary Policy From... The Fed?! Zerohedge.com , Guest Post: The Endless War: Saudi Arabia Goes On The Offensive Against Iran , When Channel-Stuffing Comes Home? GM 'Idles' Volt Production (Again) , Why Paul McCulley Would Be Shorting The Economy With Both Hands Right Now According to the plethora of long-only managers willing to trot out on the public stage and beg for more commissions, the US has been (and will remain) the cleanest-dirty-shirt in the global risk asset laundry basket; but as David Rosenberg of Gluskin Sheff points out not only has the S&P 500 hit a new record high in its total return index but it also possesses a rather 'ebullient' valuation premium (2012E P/E) of 13.8x relative to China 9.8x and Europe 11.4x. However, while this is more than enough to slow some investors from backing up the long-truck, Rosie goes on to highlight a very worrisome indicator - that favored by ex-PIMCO's Paul McCulley. The YoY trend in the three-month moving average of core capex orders (which was updated last Friday) has just cracked negative, crushing the hopes of US growth prospects and we assume equity superlatives. However, since the market no longer reflects anything; certainly not the economy, but merely who will ease more when and how, one really can't short much if anything, even if McCulley is 100% spot on. , Stocks Stumble Despite AAPL's Best Efforts Not even the almighty power of AAPL could bring to bear a positive end to the day for the S&P 500 or the Dow. Most notably, the Dow Transports are now -2.3% from the highs last Tuesday and diverging aggressively lower. Volume was simply incredibly low today (with London close) in NYSE and S&P 500 e-minis where volume was its lowest of the year by a long-way. VIX soared today, up over 1.2vols to 16.4% with some major put-spread buying in SPY. The afternoon weakness in gold, silver, stocks broadly (and specifically Materials, Industrials, Discretionary, and Financials) tend to indicate a QE-off move but Treasuries (which rallied 2-4bps) were largely unmoved in the afternoon. The USD limped higher also (QE-off) all afternoon but ended the day practically unchanged with AUD weakness the standout. Oil was volatile as Isaac was downgraded, cracks were arb'd, and SPR-release rumors swung it around - though the economically-sensitive commodities all clustered together at the close around -0.5%. , Lies, Damned Lies, And Pianalto's QE/Deleveraging Lies We tried to bite our tongue; we ignored some of the sheer hypocrisy of Cleveland Fed's Sandra' oh Sandy' Pianalto (that QE2 was a definitive success in 2010 but now LSAPs require more analysis of costs and benefits); but when she started down the road of praising the US consumer for deleveraging we had enough. In the immortal words of John Travolta: "Sandy, can't you see, we're in misery" as while she notes consumers cutting back on credit card debt (due to forced bankruptcies we note), Consumer debt has only been higher on one month in history! Soaring auto loans and student debt should just be ignored? There is no deleveraging - Total US Consumer debt is 0.23% from its all-time high in mid-2008, and will with all likelihood break the record at the next data point. Meanwhile her speech, so full of careful-not-to-over-commits can be summed up by the world-cloud that shows the six words most prominent: 'Monetary Policy', 'Financial Conditions', and most importantly 'Credit Economy'. Here's the deal: Consumer Debt is Consumer Debt. , When It All Goes Bidless: What Losing $1 Billion In 100 Milliseconds Looks LIke , Dallas Fed Beats On Hope Alone As Prices Paid Jump Most In 19 Months , China Stocks Drop To Fresh Post-2009 Lows Following Plunge In Industrial Company Profits , Germany Loses Confidence For The Fourth Month In A Row

Frontrunning: August 27

Submitted by Tyler Durden on 08/27/2012

UK is closed today

Weidmann Says ECB Purchases Could Become ‘Addictive Like a Drug’ (Bloomberg)

Dutch Premier Rutte Defends Austerity, Says No to More Greek Aid (Bloomberg)

Storm Isaac forces Republicans to rework convention script (Reuters)

Ayrault warns EU fiscal pact rebels (FT)

Is Canada's New $100 Bill Racist?  (BusinessWeek)

Will Fed Act Again? Sizing Up Potential Costs (WSJ)

Samsung Slumps Most in 4 Years on U.S. Sales Ban Concerns (Bloomberg)

States may require insurers to hold more capital (WSJ)

Wen Says China Need Measures to Promote Export Growth (Bloomberg)

Economist Appearing On Max Keiser Show Forced To Resign (Forbes)

8-24-12 Dave’s Daily: http://www.etfdigest.com ‘THE FED’S ORACLE KEEPS STOCKS GREEN 8-24-12 With stock markets actually threatening a red week enter the Fed’s oracle, the WSJ’s Jon Hilsenrath with a Bernanke regurgitated “stick save” QE algos glommed on which rallied stocks. For non WSJ subscribers Bernanke stated nothing new and just repeated the Fed is ready to provide accommodation using more tools. We already know this. Stocks are being propped by some invisible hand to keep things near to where they need be before TPTB act on QE, bailouts and other stimulus. September will be an interesting month to say the least. More QE has only helped stocks for as long as the actions last because they provide liquidity to money center banks which then finds its way to trading desks and other actors. Overall, Fed actions have scored an “F” on its twin mandate: high employment and protecting the purchasing power of the dollar. Durable Goods Orders headline beat (4.2% vs 2% expected and ex-transport -.4%). However inside the number core capital goods orders dropped 3.4%, and that’s ugly. Meanwhile in the eurozone the ECB is awaiting the German courts to decide whether the ESM is constitutional (most think the court will allow it) before they undertake any bond buying. Further there is no current plan to engage in bond buying. Merkel’s top ally in her party stated the Greek deal can’t be renegotiated. And, the German finance ministry is studying a Greek exit costs. As noted yesterday earnings and revenue beats from 2,300 stocks have been as weak as 2009. Not a good thing. It’s Friday and we needed the week to close green so conditions reversed overall. The dollar (UUP) was up slightly, gold (GLD) was flat overall and commodity (DBC) prices were mixed. Bond (IEF) were only slightly lower with the stock market rally. Volume was once again ultra-light as the Hilsenrath article got the algos going. Breadth per the WSJ was positive…’ , AN OPEN LETTER TO THE MSFM: QE 3 ISN’T COMING, GIVE UP By gpc1981 http://albertpeia.com/qe3notcoming.htm , Guest Post: Trading on Yesterday's News – What Does the Stock Market Really 'Know'? ZeroHedge.com We have critically examined the question of whether the stock market 'discounts' anything on several previous occasions. The question was for instance raised in the context of what happened in the second half of 2007. Surely by October 2007 it must have been crystal clear even to people with the intellectual capacity of a lamp post and the attention span of a fly that something was greatly amiss in the mortgage credit market. Then, just as now, both the ECB and the Fed had begun to take emergency measures to keep the banking system from keeling over in August. This brings to mind the 'potent directors fallacy' which is the belief held by investors that someone – either the monetary authority, the treasury department, or a consortium of bankers, or nowadays e.g. the government of China – will come to their rescue when the market begins to fall. 'They' won't allow the market to decline!' 'They' won't allow a recession to occur!' 'They can't let the market go down in an election year!' All of these are often heard phrases. This brings us to today's markets. Nowadays, traders are not only not attempting to 'discount' anything, they are investing with their eyes firmly fixed on the rear-view mirror – they effectively trade on yesterday's news. { It bears repeating that never in history have the markets become so disconnected from fundamental finance, valuation, an reality and so completely and utterly fraudulent. I believe that computerization facilitating multiple frauds at lightning speed, over and over again and again along with re-hypothecation of already worthless paper at similar speeds is in part the reason for the prevalence of such fraud along with the breakdown of american among other societies into what yesteryear would have been scorned as ‘banana republics’ without any meaningful rules of law whatsoever and pervasive, almost blatant, corruption at every level. (This is not to blame computers for the bad use they’re put to.) } , On This Week In History, Gas Prices Have Never Been Higher Of course, we are sure this will not weigh on Bernanke's decisions in the next week or two but for all those who don't see inflation, courtesy of John Lohman, gas prices have never been higher during this third week of August. We remain flabbergasted that in the Wizard of Washington's recent defense of QE, there was no mention of record high gas prices as justification for it 'working' and it would appear that 'transitory' means something different than us mere un-omnipotent-beings can comprehend. , Guest Post: Does the Bank of England Worry About The Cantillon Effect? The empirical data is in. And it turns out that as we have been suggesting for a very long time — yes, shock horror — helicopter dropping cash onto the financial sector does disproportionately favour the rich. Here are four simple questions to the venerable Bank of England (just as applicable to any and every Central Banker); and sadly, we expect to see the announcement of more quantitative easing to the financial sector long before we expect to see answers to any of these questions. , Forsaken And Forgotten http://albertpeia.com/forsakenforgotten.htm , Discount Rate For Banks: 0%; Discount Rate For The "Rest Of US": 400%; For Everything Else There's TaxpayerCard When your local friendly Too-Big-To-Fail bank needs a 'helping hand' loan to get through pay-day or buy some extra S&P futures, it picks up the shiny red phone and asks Ben for unlimited access to free money. When the 'rest-of-us' need a little extra - to get through the next week before our pay-check hits, we call this guy - who charges a 400% APR. The Central Bank Discount Window - Priceless. , Guest Post: Why You Always Want Physical Everything Simon Black recounts a recent experience as he pulled in to a gas station in Italy; he whipped out his American Express card and asked the attendant in broken Italian to turn on the pump. He acted like Simon had just punched him in the gut, wincing when he saw the credit card. "No... cash, only cash," he said. I didn’t have very much cash on me, so I drove to the next station where a similar experience awaited me. This is a trend that is typical when economies are in decline– cash is king. Businesses often won’t want to spend the extra 2.5% on credit card merchant fees... but more importantly, distrust of the banking system and a debilitatingly extractive tax system pushes people into cash transactions. You can’t really blame them. , Gold And Silver Win The Week As Dow Sees First Weekly Loss In Seven Volume was dismal - aside from a massive surge in S&P 500 e-mini volumes as the combo Bernanke bluff and ECB bond-band-rumor hit the tape and exploded stocks up from two-week lows. A late-day attempt to close the S&P green for the week failed and the Dow ended with its first down week in seven weeks - and largest loss in nine weeks - despite a magnificent centrally-planned triple-digit gain today (+100.1pts!) Stocks were 'aided' by new cycle highs in HYG as it saw its best performance in a month - amid massive fund inflows and heavy issuance (notably outperforming credit spreads in CDS land). The shift in HYG does look like some convergence trading with SPY though  - after a month of flat-lining. Gold (and even more so Silver) were the week's big performers (up 3.35% and 9.25% respectively) even as the USD only lost 1.1%. Treasuries ended the week better by 9 to 14bps (considerably different from stocks relative performance). The week was characterized simply as stocks bouncing between QE-off (Treasury strength) and QE-on (USD weakness and Gold strength) - on de minimus volumes. , Thank You Wall Street Thanks for everything... http://albertpeia.com/thanksfraudulentwallstreet.png

Friday, August 24, 2012

Major ETFs Erase Morning Losses On Bernanke Letterat Investor's Business Daily (Fri 6:25PM EDT)

[video] Markets Gear Up for Bernanke's Jackson Hole Speechat TheStreet (Fri 5:21PM EDT)

The Expense Ratio Isn't Everythingat Forbes (Fri 4:42PM EDT)

Bernanke Letter Gives Stocks A Lift To Close Rocky Weekat Forbes (Fri 4:10PM EDT)

Troubling Times Ahead As Euro Politicos Finally Finish Vacationsat Forbes (Fri 4:04PM EDT)

STOCKS RALLY AFTER CENTRAL BANK RUMORS FLY: Here's What You Need To KnowBusiness Insider (Fri 4:00PM EDT)

August 24, 2012 Market Summaryat Investopedia (Fri 3:48PM EDT)

[video] Commission on Deficit Reduction Co-Chairs on Fiscal Cliffat TheStreet (Fri 2:00PM EDT)

Big Money Turning Extremely Bullish: Najarianat CNBC (Fri 1:32PM EDT)

Markets Hub: Euro, Stocks Growing Apartat The Wall Street Journal (Fri 1:21PM EDT)

Markets Hub: With Stocks Stalled, Is a Correction Next?at The Wall Street Journal (Fri 1:07PM EDT)

S&P 500 ETF’s Six-Week Up Streak in JeopardyETF Trends (Fri 12:50PM EDT)

InPlay: SPX notches new session highs with rel. strength in financials & banks- XLF, & REITS- IYR, ICF; SPX currently trades 1410.20 +8.12 (+0.58%)Briefing.com (Fri 12:47PM EDT)

Big index trade looks for rally into yearendoptionMONSTER (Fri 12:01PM EDT)

Stocks Rise on Stale European Rumor, Againat The Wall Street Journal (Fri 12:01PM EDT)

Republicans eye return to gold standard

Financial Times | “A return to a fixed money supply would also remove the central bank’s ability to offset demand shocks by varying interest rates.”

American Incomes Are Falling And Near-Retirees Are Getting Crushed: Study

Daily Ticker | Now, the median income has fallen to about $51,000.

Dennis Gartman Just Dumped All Of His Stocks

Business Insider | Dennis Gartman said he had made a mistake reducing the size of his long position.

Odds of Global Recession Are 100%: Marc Faber

CBNC | When you look at the major economies, Europe, the U.S., China and the emerging markets that are dependent on China for growth, Faber, aka Dr. Doom, only sees weakness.

Gold in the GOP Platform?

Lew Rockwell | In one sense, this is a tribute to Ron, and his endless efforts to educate us all about sound money.

8-23-12 Dave’s Daily: http://www.etfdigest.com ‘ACCIDENT PRONE RALLY 8-23-12 Jobless Claims rose (372K vs 365K expected & prior revised higher again to 368K). Claims have been revised higher for 32 consecutive weeks. The PMI Mfg Flash Index rose slightly (51.9 vs 51 expected & prior 51.8). The Bloomberg Consumer Comfort Index fell (-47.4 vs 44.4 previous). New Home Sales rose (372K vs 362K expected & prior 350K) and FHFA Home Price rose (.7% vs .6% expected & prior .8%). So as far as U.S. data is concerned things were mixed. Rubbing salt in the wounds of the unemployed was the statistic from Reuters 2.7 M U.S. jobs have been outsourced to China. In the eurozone Merkel and Hollande met, the eurozone economy contracted (PMI 46) for the 7^th straight month. In Asia China Mfg data weakened (47.8 vs 49.3) and investors rallied many Asian shares on the belief there will be more QE and other stimulus. Pimco’s Mohamed El-Arian outlined what the eurozone has to do now beyond the talk. In other words, there is no margin for error. The dollar (UUP) fell sharply since some must think the euro is a safer bet which seems odd. As Bucky fell gold (GLD), silver (SLV) and commodities (DBC) overall rallied sharply. As stocks fell sharply bonds (TLT) rose. The nervousness about markets is ubiquitous. Fear of being left out of equity rallies now equals staying in it seems. Further it was reported Thursday that only 58% of the 2300 companies reporting earnings have beaten expectations and 48% beat on revenues—the lowest since 2009. Stocks fell sharply as the air pocket was there staring us in the face given the light volume. Some disasters of the day included (HPQ), (GES), (BA) and (X) to name a few. Volume on the decline remains light even as selling intensified which just shows the total lack of participation light even by August standards. Breadth per the WSJ was negative. Investment Tip: We exited many positions due to DeMark weekly 9 counts which was “a tell” that markets were stretched. It didn’t predict the top certainly coming the Monday of last week but no indicator is perfect. Become a premium member and benefit from these signals…’, Marc Faber: Odds of Global Recession Are 100% , Republicans Consider Returning To Gold Standard: Real Or Red Herring? ZeroHedge.com Tyler Durden Stranger than fiction perhaps but the FT is reporting that the gold standard has returned to mainstream US politics for the first time in 30 years with a 'gold commission' set to become part of official Republican party policy. While this could simply be a reach for as many Ron Paul marginal voters as possible (with the view that the GOP would never really go for it); it appears drafts of the party platform from the forthcoming rain-soaked convention call for an audit of the Fed and a commission to look at restoring the link between the dollar and gold. The FT, citing a spokesperson, adds that "There is a growing recognition within the Republican party and in America more generally that we’re not going to be able to print our way to prosperity," but "We’re not going to go from a standing start to the gold standard," although it would provide a chance to educate politicians and the public about the merits of a return to gold. Interestingly, the Republican platform in 1980 referred to "restoration of a dependable monetary standard", while the 1984 platform said that "the gold standard may be a useful mechanism." , JPM's London Whale May Face Jail Time For Mismarking Billions In CDS , China Has Become One Big "Stuffed Channel" Zero Hedge covered the topic of automotive channel stuffing long before it became a conversation piece, particularly as it pertains to Government Motors, a story which has recently taken precedence after being uncovered at such stalwarts of industry as German BMW and Mercedes, implying the German economic miracle may, too, have been largely fabricated. Another core topic over the years has been the artificial and inventory-stockpiling driven (in other words hollow) "growth" of China's economy, whose masking has been increasingly more difficult courtesy of such telltale signs of a slowdown as declining electricity consumption and off the charts concrete use. It was only logical that the themes would eventually collide and so they have: the New York Times published "China Besieged by Glut of Unsold Goods" in which, as the title implies, it is revealed that China is now nothing more than one big "stuffed channel." , Guest Post: The Most Important Chart In TheWorld In a nutshell, charting this ratio demonstrates the 'real' return on stocks adjusted for inflation or currency debasement.  As we all know, the Zimbabwe stock market essentially went up to infinity during their hyperinflation but did anyone get rich from that?  Of course not, the shares were denominated in a currency that was on its way to worthlessness. The key thing with the Dow/Gold chart is that it perfectly mimics the various social moods and massive secular trends that exist in the economy over very long periods of time.  It is just as effective in periods of deflation as in inflation in telling you the true story. In both of the prior two periods (one deflationary and one inflationary) the DOW/GOLD ratio got down to about 1:1.  It has been our contention for many years that we will see that same ratio once again.  That would imply another roughly 75% drop in stocks to gold and Mike Krieger expects that this next leg is beginning now. , On Economic Deceivers And Propagandists , Why In America It Pays To Be An Old, White, Widowed, Native-Born Female; Everyone Else Is Out Of Luck , 5 Year TIPS Price At Record Low -1.286% , Guest Post: Venezuela Ramps up China Oil Exports Unsettling Washington , The Beginning Of The End For John Paulson? , Guest Post: Spreading Insolvency Around Does Not Create Solvency The entire global financial "recovery" engineered by central banks and Central Planning is based on the absurd notion that if we spread unpayable debt over the entire body politic (be it a nation or regional entity such as the European Union) then that distribution will somehow make the debt payable and the phantom assets real. The debt remains unpayable and the assets (collateral) remain stubbornly phantom. As for adding more debt (selling Eurobonds, Treasury bonds, etc.), please note the diminishing return on additional debt: it is now negative.... Diminishing returns define the flailing financial system: the return on petrocapitalism is declining (how many barrels of oil or equivalent does it take to extract and process one barrel of shale-derived oil?), the return on more debt has turned negative, the yield on "saving" bankrupt States is marginal, and so on: spreading insolvency to the taxpayers does not magically create solvency, it only distributes insolvency to every nook and cranny of the economy. All the debt remains painfully real; it is only the collateral that is illusory. , Slumping Commercial Real Estate Sales Are Latest Flashing Red Non-Recovery Indicator , The European "No Action, Just Talk" Rumor Mill Is Back , Spot The Housing Bottom: New Homes For Sale Drop To Lowest Ever; Average New Home Price Plunges To 2012 Lows , Greece Ready To Start Selling Its Islands , Newsflow Sentiment Confirms Global Recession , Gold And Platinum Surge As Mining Unrest Spreads

Morning Snapshot Posted on August 23, 2012 by News (USAGOLD) — Gold continues to push higher after leaving the 200-day moving average in the dust yesterday. Today the important 1656.06/1660.43 resistance zone was negated, along with the late-April high at 1671.47. What started out as a technical breakout now has additional underpinning provided by rising expectations of further easing on the part of global central banks, which could drive the market higher in advance of the Fed’s Jackson Hole Economics Symposium next week and policy announcements by the ECB and Fed in September.

A decidedly more accommodative tone evident in the FOMC minutes from the 31-Jul/01-Aug meeting, with “many” members in favor of additional measures sooner rather than later in the absence of “substantial and sustainable strengthening” in the economy. The market is now broadly anticipating that the Fed announces additional measures in the coming weeks.

Weak manufacturing data out of China intensified speculation that the PBoC would ease further as well. And finally, there are rumors circulating based on an article in Die Welt that the ECB is contemplating “secret” rate targeting. The rate targeting idea is bad enough, but secret rate targeting srikes me as just plain silly, as I explained in an earlier post. However, I do think it is reflective of just how desperate policymakers are to find a way to give the old proverbial can one more kick down the road.

• US new home sales +3.6% to 372k, above expectations of 369k, vs upward revised 359k in Jun.
• US initial jobless claims +4k to 372k for the week ended 18-Aug, above expectations of 365k, vs upward revised 368k in previous week.
• Eurozone Markit Composite PMI – Flash ticked higher in Aug to 46.6, vs 46.5 in Jul; Services lower at 47.5; Manufacturing better at 45.3.
• Eurozone consumer confidence – Flash fell to -24.6 in Aug, vs -21.5 in Jul.
• Germany Q2 GDP (sa) – 2nd release +0.3% q/q, vs +0.3% previously; +1.0 y/y (wda); +0.5% y/y (nsa).
• Germany Q2 exports +2.5% q/q, vs negative revised +1.2% in Q1; imports +2.1% q/q, vs negative revised -0.2% in Q1.
• Germany Markit Manufacturing PMI – Flash rose to 45.1 in Aug, vs 43.0 in Jul; Services 48.3, vs 50.3 in Jul.
• France Markit Manufacturing PMI – Flash improves to 46.2 in Aug, vs 43.4 in Jul; Service 50.2, vs 50.0 in Jul.
• China Leading Indicators +0.7% in Jul, vs negative revised UNCH in Jun.
• China HSBC/Markit Manufacturing PMI – Flash fell to 47.8 in Aug, vs 49.3 in Jul.
• Singapore CPI +4.0% y/y in Jul, vs +5.3% y/y in Jun.
• Taiwan industrial output 0.0% y/y in Jul, vs -2.4% y/y in Jun.

Texas judge warns of possible ‘civil war’ if President Obama is re-elected

Romney: My health care plan is superior to Obama's

Obama campaign unleashing 'the Big Dog' in battleground states { Riiiiight! The big dog…who found a way to poop up the presidency after being gifted with a huge end of cold war peace dividend courtesy of predominantly Reagan. Yes, on route to blowing the job, despite his support for NAFTA, he did get quite a few…blow(n) jobs… http://albertpeia.com/bigdogpoop.htm }

8-22-12 Dave’s Daily: http://www.etfdigest.com BERNANKE & CO READY TO PROVIDE ANOTHER ROUND { …of consistently failed, inflationary QE for the benefit of the wall street frauds only, to the detriment of the real economy and everyone else! This misguided wall street fraud oriented policy is in large part responsible for the increasingly dismal state of the economy along with the natural concomitant of rising prices which are blamed on everything but the contraindicated QE which is the primary culprit! } The only news that mattered to the algos and HFTs were nuggets of more QE found in FOMC Minutes released just in time for the 2:15 Buy Program Express to leave the station. More money printing is inflationary and stocks can inflate too so let’s not kid ourselves. Perhaps the so-called “smart money” has been buying stocks in anticipation of this kind of pro-QE3 news; frankly, they would have little other reason to buy this market. Other than Apple (AAPL) which seems to have become “the market” little else is exciting or stimulative.Meanwhile in the eurozone Spain has found implementing austerity measures to be…well, difficult. Greek Prime Minister Samaras is making the rounds of eurozone governments pleading his case for a two-year extension for austerity reforms. Samaras stated that reforms could be fully implemented by (where will any of us and he be by then?) 2020. Germans have stated they will abide just a little tinkering in that regard.Much was made early Wednesday regarding Japan’s poor trade deficit (-$6.5 billion) which was caused by weak demand from the eurozone and China. (No surprise there methinks.) After seeing this data Fed Governor, and super money printer, Evans called the report “awful” so we know which way he’s leaning.The NAR (National Association of Realtors), after hitting the send button 30 minutes before schedule, reported Home Sales rose (4.47M vs 4.5M expected & prior 4.37M). Summer should be a good time for sales one would think and most realtors in our neck of the woods (New England) are busy.Stocks were weaker early until the algo driven buy programs hit the tape after the FOMC Minutes revealed a few nuggets of QE. Market sectors moving higher besides (AAPL) were homebuilders (ITB) once again.Volume was only slightly higher as program trading increased after the Fed release. Breadth per the WSJ was negative…’ , Grim economic report provides Romney with opening BETTENDORF, Iowa – Mitt Romney bounded into the battleground state of Iowa today, aided by a new, non-partisan government report that painted a grim picture of the state of the economy, using the new data to return his campaign’s narrative to his favorite catch phrase:... http://albertpeia.com/truthwinsecotopics.htm , Guest Post: The Stock Market Is An "Attractive Nuisance" And Should Be Closed ZeroHedge.com Tyler Durden { Yes! This article should in no way be considered tongue-in-cheek sarcasm, exaggeration; but rather, the reality that the stock market has become a parasitic den of thieves and fraud literally detrimental to all people, all places except for the few indigenous denizens of this infectious malignancy that literally sucks the life blood out of all they reach and touch! } In tort law, an attractive nuisance is any potentially hazardous object or condition that is likely to attract the naive and unwary, i.e. children. A classic example is an abandoned swimming pool half-filled with fetid water. The stock market is demonstrably an "attractive nuisance" and should be closed immediately. It should never be reopened unless these conditions can be met: 1) All shares must be owned for at least four hours 2) All trading must be executed by humans on a transparent exchange where all trading activity (and open orders) is visible to all participants 3) Intervention in the market by the Federal Reserve or any Central State agency or agents is against the law. If you insist on putting money at risk in the stock market, be aware that you are playing a rigged roulette wheel and thus you are a mark. You might win, or the entire game might collapse in a rotten heap of lies and corruption. Just remember that the market is ruled by parasites who need to keep their hosts (investors) alive so they can continue to feed off them (i.e. biotrophic parasites). If the hosts all leave the market, the parasites will have only themselves to feed on, and they will quickly expire. , Thanks Obama - Here Are 24 Stats That Show How Much You Have Royally Messed Up Our Economy http://albertpeia.com/24statsshowhowobamamessedupeconomy.htm , 8 Economic Threats That We Were Not Even Talking About At The Beginning Of The Summer http://albertpeia.com/8neweconomicthreats.htm , More Than Half Of All Americans Are At Least Partially Dependent On The Government http://albertpeia.com/morethanhalfamericansdependentongovernment.htm , Jacob Rothschild, John Paulson And George Soros Are All Betting That Financial Disaster Is Coming http://albertpeia.com/insidersmartmoneybetsfinancialdisastercoming.htm , US fiscal cliff risks new recession, says report , Gold & Silver off to the races , Eric Sprott: The Financial System’s Death Knell? , Marc Faber On Keynesian Folly, The 'Missing' Inflation, And Bubble-Blowing , With AAPL 19.8% Of The NASDAQ, Is Another Rebalancing Imminent? , Citi Sees Greek Exit As Soon As September , FOMC Minutes Indicate No Shift In Fed's Views, Even As Many Members See More Easing Likely Warranted , The Truth Behind Juncker's Lies: In The Second Largest Greek City, 1250 Companies Have Shuttered In 2012 , The Gathering Storm

West vs East Banker Pay Comparison: JPM's Jamie Dimon: $23,000,000; ICBC's Jiang Jianqing: $308,000

Submitted by Tyler Durden on 08/22/2012

CBO: Feds flirting with double-dip recession

washingtontimes.com | Obama and Congress flirting with both a recession and a jump in unemployment next year.

Home sales and prices rose in July

upi.com | Sales for the month were 10.4 percent higher than the 4.05 million level of July 2011.

Thanks Obama – Here Are 24 Stats That Show How Much You Have Royally Messed Up Our Economy

The American Dream | Under Barack Obama, the U.S. economy has performed worse than it did under any other president since the end of the Great Depression.

What Happened After Europe’s Last Three Currency “Unions” Collapsed

Zero Hedge | The Eurozone, and its associated currency, is merely the latest in a long series of failed attempts to create a European currency union and a common currency.

US corn, soy prices hit records as drought lingers

AFP | US corn and soybean prices closed at new record highs Tuesday as a new survey showed worse-than-expected crop damage from a brutal drought across the country’s central breadbasket.

Report: Nearly One In Five Americans Have No Money to Put Food on the Table

SHTFplan.com | While economists, government officials, and mainstream media experts argue about whether a recovery is finally taking hold, the evidence on the ground provides a clear insight about where the country is headed.

More Than Half Of All Americans Are At Least Partially Dependent On The Government

The Economic Collapse | A very large segment of the population has figured out that it can use voting as a tool to get more money and benefits from the government, and that is a very dangerous thing.

8-21-12 Dave’s Daily: http://www.etfdigest.com ‘THE PRESSURE IS ON THE GERMANS TO BLINK 8-21-12 It would seem as though a more dovish Angela Merkel has emerged with a new willingness for unlimited eurozone bond buying which may include a rate cap at least so reports the Guardian. Also Greek Prime Minister Samaras has headed to Germany to plead for a two year extension to implement mandated and agreed upon reforms. However, according to Bloomberg it appears he may only get small concessions according to the article. Overall markets in the eurozone thought all this news was bullish and bid up both the euro and stocks there. With all this money printing to buy bonds the ECB has chosen inflation as the optimal course even as they would argue that.The theme emerging from the eurozone is a common one—rather than address debt and spending the solution seems paper it over (literally) by printing more money.As a consequence of this gold (GLD) and commodity prices in general (DBC), (JJC) and (USO) advanced while the dollar (UUP) declined. Bond (IEF) prices fell early but climbed in the afternoon as stocks sold-off.There was little in the way of economic data or earnings for investors to digest Tuesday. Apple (AAPL) which lately seems to be “the market” saw some wild trading in a $25 range as an early spike was met by heavy selling. Share volume was double the average and no doubt there was profit-taking. Remember 230 hedge funds hold Apple shares and as good a company as many believe, too much of a good thing isn’t wonderful. As mentioned stocks sold-off late as investors may be looking ahead to Wednesday’s inspection of FOMC Minutes trying to find a kernel of QE3. It didn’t help that Fed Governor Lacker saw no need for any QE3 now.Here’s an interesting chart of the day. Guess when the income tax was initiated. (We had to pay for the “war to end all wars” and I guess we’re still fighting.) http://albertpeia.com/incometaxforwar.jpg Once again overall volume was light and breadth per the WSJ was mildly negative…’, FORGET EUROPE… THIS IS A REAL CRISIS TO BE AFRAID OF http://albertpeia.com/usfoodcrisis.htm , What 40 Years Of Gold Confiscation By The US Government Looks Like ZeroHedge.com The chart below, which is a time series showing the total "Gold Held by the US Treasury and the Federal Reserve" (which for all intents and purposes are interchangeable), demonstrates vividly the moment when the US government enacted Executive Order 6102, aka the "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States" order which criminalized the possession of monetary gold "by any individual, partnership, association or corporation." But not the government of course. Spot the moment after which gold confiscation by the US government (also known as a 40% USD devaluation) from its citizens was legalized. , Guest Post: The Death Of Jobs The sit-back-and-relax 'buy and hold' strategy that unqualified portfolio managers banked on for so many years has perished in this highly leveraged, central-banking-dominated environment. There is something, though, that is more troubling for the US economy, and specifically middle-class laborers: Robotics. The reality is that this atypical Great Recession has forced business owners to become savvy: businesses have learned how to operate--and even thrive--in this dry economic environment, and the main tool that has allowed them to do so is cost-cutting.  Unfortunately for the labor market, these cost-reduction techniques  are sticking, and for the time being business owners (particularly manufacturers) see no reason to add more human employees when they can purchase robots at a cheaper rate. , Japanese Trade Implosion Sends Futures To Lows Somewhat disastrous trade balance data from Japan - with exports dramatically worse-than-expected (EU exports -25.1% YoY) and imports worse-than-expected (which will come as no surprise to any ZH reader given Europe's depression and our discussion of world trade here) - has crushed JPY crosses overnight (especially AUDJPY) which is exactly what we said at the close today was required to extend today's equity weakness. Sure enough, S&P 500 futures are down over 6 points from the close now - and trading below day-session lows. , What Happened After Europe's Last Three Currency "Unions" Collapsed It may come as a surprise to some of our younger readers, that the Eurozone, and its associated currency, is merely the latest in a long series of failed attempts to create a European currency union and a common currency. Three of the most notable predecessors to the EUR include the Hapsburg Empire, the Soviet Union, and Yugoslavia. Obviously, these no longer exist. Just as obvious, all of these unions, having spent time, energy, money, and effort to change the culture and traditions of member countries and to perpetuate said unions, had no desire, just like Brussels nowadays, to see these unions implode. The question then is: what happened after these multi-nation currency unions fails. VOX kindly answers: "they all ended with disastrous hyperinflation." , Another Signal That The Rally Is Unsustainable We have discussed the broad divergences between high-yield credit and equity markets (the former not enjoying the ebullience of the latter) and noted the dismal volume and average trade size of the most recent surge to new highs. Barclays points out one more concerning factor in the rally - the very unusual underperformance of lower quality, higher beta credit. Typically, the B-rated-and-below credits will majorly outperform in any real risk-on rally (just as they did in the first quarter of the year), however, in the last 2-3 months of equity exuberance, this has not been the case at all - as it seems the rally has been used to position in higher quality names (and remain liquid). Just another glimpse of the matrix under the surface. , Guest Post: The Spain – ECB Vaudeville Show If you still require proof that in the short term, market action is driven by perceptions and sentiment rather than reality, here it is. It is worth quoting again what Mrs. Merkel said in Ottawa in toto:“The European Central Bank, although it is of course independent, is completely in line with what we’ve said all along. And the results of the meeting of the central bank and their decisions, actually shows that the European Central Bank is counting on political action in the form of conditionality as the precondition for a positive development of the Euro.”Does this sound like 'unlimited bond buying without preconditions' to anyone? No? Investors seemed to think that is what it meant. We see no painless way out for Spain, regardless of what ultimately happens. Even if the ECB were to act without conditionality or limits, it could not possibly alter the underlying solvency problems -  and this isn't going to happen anyway. So what are markets currently pricing in? Everybody seems quite certain of a happy end at the moment. The bet is that massive central bank intervention is heading our way in the near future and will boost asset prices further. This is a mindset that has very likely set up the markets for disappointment. , Niall "Hit The Road Barack" Ferguson Responds To The "Liberal Blogosphere" Two days ago, historian Niall Fergsuon had the temerity to voice a personal opinion, one which happens to not exactly jive with the rest of the media's take on current events, on the cover page of Newsweek (Newsweek is still in print?) titled, succinctly enough, "Hit the road Barack: Why we need a new president." The response was fast, furious, and brutal, particularly emanating from what Ferguson has dubbed the "liberal blogosphere." http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm

BULLS Win S&P 4 Year and 8 Month HIGH, Bears Claw Back as VIX Climbsat Wall St. Cheat Sheet (Tue, Aug 21)

[video] Trade of the Day: SPY Putsat CNBC (Tue, Aug 21)

Intuit Inc. Earnings: A Mixed Bagat Wall St. Cheat Sheet (Tue, Aug 21)

Dell Inc. Earnings: CEO Says Think Long-Term, Stock Down Over 3% After Reportingat Wall St. Cheat Sheet (Tue, Aug 21)

Analog Devices Inc. Earnings: Net Income and Revenue Fadeat Wall St. Cheat Sheet (Tue, Aug 21)

SPY, QQQ And DIA Hit Four-Year High Then Sell Offat Investor's Business Daily (Tue, Aug 21)

STOCKS SLIDE AFTER HITTING 4-YEAR HIGH: Here's What You Need To KnowBusiness Insider (Tue, Aug 21)

Knight Capital's Woes Chip Away At Wall Street Confidenceat The Wall Street Journal (Tue, Aug 21)

InPlay: Nasdaq Comp -14 joins Dow -71 and S&P -5.9 at new session lowsBriefing.com (Tue, Aug 21)

S&P 500 falls as early "risk" sector bids fade, levels to watchat theflyonthewall.com (Tue, Aug 21)

[video] Market Strategist on the Appeal of U.S. Markets Vs. Global Marketsat TheStreet (Tue, Aug 21)

[$$] Protect---or Profit---From Market-Moving Eventsat Barrons.com (Tue, Aug 21)

[video] The Fiscal Cliff Forecast & the Defense Industryat TheStreet (Tue, Aug 21)

Charting a test of four-year highsat MarketWatch (Tue, Aug 21)

Get Ready for the FallTheStreet (Tue, Aug 21)

Kass: Get Ready for the Fallat TheStreet (Tue, Aug 21)

With Stocks at Multiyear Highs, Can the Rally Continue?at The Wall Street Journal (Tue, Aug 21)

Index, ETF option volumes near middayoptionMONSTER (Tue, Aug 21)

Super Low Market Volumes Usher in the Ghost of the 1970s Market. More to Come!at Minyanville (Tue, Aug 21)

Gold Buyers Prosper in Crisis-Hit Italy

Reuters | People are trading their gold for worthless paper money.

Jacob Rothschild, John Paulson And George Soros Are All Betting That Financial Disaster Is Coming

The Economic Collapse | Are you willing to bet against three of the wealthiest men in the entire world?

Banks Can Legally Steal Customer Funds From Private Checking Accounts

Susanne Posel | Our warnings are right in front of us, if we choose to see them.

Top Investor Warns of “Financial Armageddon” as Soros Dumps Bank Stocks, Buys Gold

New American | Recent filings by billionaire financier George Soros show he dumped virtually all his holdings in major financial companies like JP Morgan, Goldman Sachs, and Citigroup.

One Of The Biggest Euro Skeptics Thinks The ECB Is About To Uncork A Game-Changer

Business Insider | Ambrose Evans-Pritchard of The Telegraph is usually one of the foremost purveyors of the Euro doom argument, so it’s worth sitting up and taking notice at his latest column…

Finland preparing for ‘full-blown currency crisis’ and collapse of Eurozone

Natural News |A Finnish official has come forward with information about how his country, which is among the strongest in the European Union (EU), plans to deal with a potential break-up of the euro.

8-20-12 Dave’s Daily: http://www.etfdigest.com SUMMER IS BOILING WHILE TRADING IS COLD 8-20-12 ‘Apple (AAPL) seems the only stock investors care about as it rallies to become the world’s most valuable company. Microsoft (MSFT) had that honor in the dotcom heyday in 1999 as everybody needed a PC then. The chart below compares the two monsters performance as each soared over different time periods—hat tip Zero Hedge http://albertpeia.com/chartapplmsft.jpg And, yes I know it’s different this time and many believe Apple is a much superior company now than Microsoft was back then. The weighting of the stock to many ETFs, particularly in technology, is nearly 20% which can give a false impression of how markets are truly behaving. (This is why it’s useful to compare the QQQs with equal weighted QQEW to get some perspective.) The PE of the stock is reasonable clearly but the twists and turns of technology never are. The next “I got to have it” gizmo from the company is the iPhone 5 which promises to be a little bigger and faster. When you upgrade to a new phone it’s matched by a new phone plan which is never cheap. Further there are some rumblings from China that some wireless operators there won’t service the phone. The company is also in the process of developing and releasing a mini-iPad the need for which is vague to an old fogy like me. Anyway the stock shows few signs of being sold and dominates most institutional and retail portfolios. Rumors of stock splits and the company being added to the DJIA continue to be supportive as well. Meanwhile back to the duller and pedestrian stock markets has offered little action. Most likely investors are waiting first for FOMC Minutes on Wednesday to find some nugget that might support QE3. If few are found or spun then it’s on to Jackson Hole for Bernanke and Draghi to act or not. Away from Apple there has been some news from Caterpillar (CAT) which was a warning about weak economic conditions but the stock rallied. In China house prices rose and food inflation is on the move higher. Taken together this should restrict stimulus one would think. Meanwhile in the eurozone there is plenty of controversy regarding more lending. One rumor quickly shot down was the ECB would place a cap on bond buying by only buying when certain interest rates rose above a target. Spain has stated they want unlimited bond buying without conditions. While Merkel herself has been more dovish such is not the case with politics within Germany. The Bundestag has restated its objections to new bond buying as has the finance minister.Moody’s has gotten into the swing of things by suggesting that California municipal bond bankruptcies are likely to expand. Popular muni bond ETFs like (MUB) didn’t react period such is the low level of confidence investors have in rating agencies. Investors fear taxes more evidently.Goldman Sachs Chief Strategist David Kostin has been pleading with clients to sell their equities before the fiscal cliff arrives. Meanwhile Goldman Sachs strategist Abby Joseph Cohen remains bullish. Who to believe? They’ll tell you with hindsight.Stocks overall chugged along at a snail’s pace with early selling. But, this was met with some persistent late day buying. Volume was ridiculously light even for a Monday in August or a half-day of trading around the holidays. Breadth per the WSJ was modestly negative. (This is going to be another really short post thanks to little action.) ETF Portfolio Quick Tip: Russell Investments is going to shutter all its index-based ETFs on the heels of the closure of similar issues from Focus Shares. I have written for several years about being careful regarding repetitive ETFs, low assets under management and trading volume. In our soon to be released Best U.S. Equity ETFs we only select an issue or two in each category that can make a difference. Please look for it upon release…’ , Hit the road barrack, and don’t you come back no more no more, het the road barrack and don’t you come back no more! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm , Guest Post: Shhhh… It’s Even Worse Than The Great Depression ZeroHedge.com Tyler Durden In just four short years, our “enlightened” policy-makers have slowed money velocity to depths never seen in the Great Depression.  Hard to believe, but the guy who made a career out of Monday-morning quarterbacking the Great Depression has already proven himself a bigger idiot than all of his predecessors (and in less than half the time!!).  During the Great Depression, monetary base was expanded in response to slowing economic activity, in other words it was reactive  (here’s a graph) .  They waited until the forest was ablaze before breaking out the hoses, and for that they’ve been rightly criticized.  Our “proactive”  Fed elected to hose down a forest that wasn’t actually on fire, with gasoline, and the results speak for themselves.  With the IMF recently  lowering its 2012 US GDP growth forecast to 2%, while  the monetary base is expanding at about a 5% clip, know that velocity of money is grinding lower every time you breathe. , When Japan Goes Japanese: Presenting The Terminal Keynesian Endgame In 14 Charts It is hard to find fiscal situations that are worse than Japan's. The gross government debt/GDP ratio, at more than 200%, is the worst among the major developed economies. Yet yields on Japanese government bonds (JGBs) have not only been among the lowest, they have also been stable, even during the recent deterioration during the European debt crisis. This apparent contravention of the laws of economics… , Taxes Vs Debt: Where Does US Funding Come From - Chart Of The Day , Here Is The Chart That Explains Why Rates Are Rising In The US , Exuberance Exits As Spain's IBEX Hits 200DMA In a normal market, whatever that is, we would not feel the need to note every tick in the Spanish equity market; but today's 2% decline - its worst in 3 weeks - is the first down-day in 10 days. , Egypt Prepares To Use Aircraft And Tanks In Sinai For First Time In 40 Years , On The Fed's Sudden Need For "Risk Managers" And "Financial Engineers" , Goodbye Civilization: So Simple A Greekman Can Do It Around 1000 people per day are still losing their jobs in Greece with the percentage of the population not working now uncomfortably larger than those who are employed.. , Daily US Opening News And Market Re-Cap: August 20 A weekend article from Der Spiegel has been the centre of must attention this morning amid a light economic calendar on both sides of the pond. The article reported that the ECB would set limits to the yields of periphery country debt and intervene should these limits be breached. This weighed on the German Bund from the Eurex open and saw the Spanish curve trade lower by 25bps to 35b ps, as well as buoying the EUR currency and riskier assets in early trade. Risk-on moves in EUR and DAX futures were retraced as the ECB denied these reports, saying that it was misleading to report on decisions not yet taken, though it will act within its mandate. A German finance ministry spokesman also denied all knowledge of the reports a short while before hand. Furthermore, the latest monthly bulletin from the Bundesbank that once again reiterated the disapproving German stance toward the ECB's controversial bond-buying programme also dampened the mood.

Living In A Land Beyond Belief

Buy everything I say without limit. Leverage each purchase to the maximum allowed under the law. The markets will only go up and not down and 100,000 is the next stop for the S&P. It is to be Dow without Jones, assets without liabilities and wealth without poverty. The Middle Class has been evacuated and everyone is wealthy beyond belief. It is just there, of course, that the truth lies in this merry old land, “beyond belief.”

"I like fantasy---it wakes up the brain cells.”- Dr. Seuss

Frontrunning: August 20

Caterpillar warns on global uncertainty (FT)

Only 3 years behind the curve as usual: Moody’s warns on California city defaults (FT)

Monti Says ‘Tragedy’ If Euro Became a Factor of Disruption (Bloomberg) - the same Monti whose disruptive comments recently enraged Germany?

China Home Prices Climb in More Cities Prompting Policy Concerns (Bloomberg)

China's Big Four boost new bank loans in Aug first half (Reuters)

EU Leaders Plan Shuttle Talks to Bolster Greece (Bloomberg)

US rule set to slash cars’ fuel use (FT)

Spain Seeks Commitment From Central Bank on Bond Buys (WSJ)... and preferably completely unconditional

Finnish Euro Doubts Hide Business Plea to Commit to Currency (Bloomberg)

04:39PM  Urban Outfitters Earnings: Heres Why Shares are Skyrocketing at Wall St. Cheat Sheet 04:15PM  10 Undervalued Dividend-Paying Stocks With Momentum at Minyanville 04:00PM  STOCKS GO NOWHERE: Here's What You Need To Know Business Insider 03:00PM  [video] Lou's Been Thinking About Vitamin Praise at TheStreet 02:33PM  InPlay: Dow -2 flirts with positive territory, sets new session high Briefing.com 02:12PM   Bernanke Needs To Shame Congress, Obama Into Doing More at Forbes 01:10PM   Five-Week Options Cycles Don't Bode Well For Stocks at Forbes 12:48PM   11:22AM  Index, ETF option volumes near midday optionMONSTER 11:19AM  Index, ETF option volumes near midday optionMONSTER 11:08AM  U.S. Need For Stimulus Diminishing at Forbes 11:00AM  InPlay: Stock indices extend push off first hour lows -- Dow -20 has rebounded as much as 25 points, S&P -3.6, Nasdaq Comp -10 Briefing.com 11:00AM  [video] An Indecisive U.S. Government Prevents Long-Term Solvency at TheStreet 10:57AM  Best Buy Quarterly Earnings Sneak Peek at Wall St. Cheat Sheet 10:53AM  [video] China, U.S. Backed Into a Corner at TheStreet 10:50AM  Dell Quarterly Earnings Sneak Peek at Wall St. Cheat Sheet 10:28AM  S&P 500 falls from Friday highs, levels to watch at theflyonthewall.com 10:26AM  Patterson Companies First Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 10:23AM  Hormel Foods Third Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 10:21AM   H-P Quarterly Earnings Sneak Peek at Wall St. Cheat Sheet 10:20AM  SPX Heading to 1422 at Minyanville 10:12AM  Salesforce.com Second Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 10:09AM  Big Lots Second Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 10:03AM  Autodesk Second Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 10:00AM  Stock Market Update: 5 Charts Flashing Caution at Minyanville 09:48AM   Why It's Nearly Certain That Market Volatility Will Continue at Minyanville 09:21AM   Pre-Market Primer: Bundesbank Spars With ECB Over Bond Purchases at Minyanville 08:50AM  Are Stock Market BULLS Running Out of Steam? at Wall St. Cheat Sheet 08:26AM  Lowes Earnings: Margins SUFFER for Five Quarters Straight, Profit Drops at Wall St. Cheat Sheet 08:25AM  Is the ECB Really Ready to Put on the Spread Cap? at The Wall Street Journal 08:17AM  Are Stock Market BULLS Running Out of Steam? at Wall St. Cheat Sheet 08:10AM  Is the ECB Really Ready to Put on the Spread Cap? at The Wall Street Journal 08:06AM   ES Support and Resistance for August 20 at Minyanville 07:55AM  [video] Trade 'em and Trail 'em To Stay With The Rally at TheStreet 07:40AM  Are Stock Market BULLS Running Out of Steam? at Wall St. Cheat Sheet

8-17-12 Dave’s Daily: http://www.etfdigest.com SUMMER RALLY CONTINUES ON LITTLE NEWS 8-17-12 Economic data from the U.S. featured better Consumer Sentiment (73.6 vs 72.2 expected & prior 72.3). Within this data we must remember stock prices carry a heavier weighting than with Consumer Confidence data which has been weaker. Further within today’s report the future expectations index declined to 64.5 vs 65.6 previously. Leading Economic Indicators rose (.4% vs .2% expected & prior -.3%). Algos don’t look much under the hood of data—they don’t have time—they’ve got to get the trades off immediately…as in milliseconds. In China the government is anxious about real estate and real estate developers as their loans sour. If you’ve traveled much to China you’ll see plenty of ghost cities amid rampant speculation. Nevertheless, and as noted yesterday, China is said to prepare reducing bank reserve requirements. So as much as the government worries about speculation they’re more worried about economic growth which is stagnating. In Europe, Angela Merkel continues to confound experts and hawks within her coalition. They say she’s the dove among German politicians and may even want to offer concessions to Greece on another bailout. This will certainly inflame her coalition partners in the Bundestag. Stocks continued their slow light volume advance unfazed by much of anything frankly. Apple’s (AAPL) earnings have a 5% impact on S&P 500 earnings which is outsized. The company itself has nearly a 20% weighting in most tech sector indexes and ETFs making it the Atlas of the market. It was announced today that Apple is starting production of a mini-iPad and why, I don’t know. The iPhone 5 will be released soon enough and I really wonder how many people would want the upgrade—maybe in China. Besides, the new larger size will require cargo pants most likely. Meanwhile left on an ice-floe to die is Facebook (FB) & (SOCL) where social media isn’t in the game. The dollar (UUP) was slightly higher as was gold (GLD) which only adds to the confusion. Commodities (DBC) were higher and so too were bonds (TLT). Oil prices (USO) continue to rise which will dampen consumer sentiment soon enough. There is some talk of releasing supplies from the SPR but that would be too political. That hasn’t stopped politicians before. Given weekly DeMark indicators, we took profits in many equity ETF positions Monday in Dave’s Special Portfolio—our active ETF portfolio for subscribers. This also included fixed income and quite a few popular dividend ETFs. Our lazy portfolios are fully invested currently and benefitting from the recent rally. ETF Portfolio Quick Tip: In a light volume market, add a hedge to your portfolio to protect perhaps using an inverse issue correlated highly with your largest positions. For example you might use SH to hedge your overall equity exposure. We incorporate this strategy in our Lazy Hedged Growth Portfolio. Volume on the melt-up continues to be light and breadth per the WSJ was positive. The trouble with volume this light and now overbought means prices have a lot of air under them…’ , Guest Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words! It’s been my direct experience for quite some time now and is quite a pathetic scenario! } Legal precedent means nothing. Rule of law means nothing. Free speech means nothing. Their own treaties mean nothing. It’s unbelievable. Anyone in the west who honestly thinks he’s still living in a free society is either a fool or completely out of touch. If that seems too radical an idea, consider that ECUADOR is now the only nation which stands to defend freedom and human rights against an assault from the United States, the United Kingdom, and their spineless allies. The west has just become a giant banana republic. Have you hit your breaking point yet? If not now… when? { { I’m really constrained to interject my own direct experience with the FBI here; and, I must say I do so lamentably. If you want no real results vis-à-vis organized crime which now extends to the upper reaches, highest levels of the corrupt u.s. government, go to the FBI. I discounted the new jersey FBI as just typical corrupt, mob infested jersey which thinks in terms of discos/casinos. But, truth be told, they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their (understated) crime stats for even a second. I’m beginning to feel foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters directly who seem to have at least some sense of the magnitude of the fraud involved and the pervasive corruption of the system and government and maybe a semblance of honor in this nation of protracted decline. It never would have occurred to me back when for me, such a choice/decision was clear-cut and simple. Such a course as mine I no longer could recommend inasmuch as there is little difference between state/government sponsored crime/corruption and that perpetrated by other criminal elements, from my direct experience with both, infra: Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some federal workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the properties in my proceedings for which surplus funds are unaccounted for was a 2 bedroom 1 and 1/2 bath condominium in seaside heights, n.j.). But debauchery an american specialty? Another rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in the illegal drug trade). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city boy louis freeh, labeled by former Prosecutor Larry Klayman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.

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· Trulock Sues FBI Director Freeh

Jul 31, 2000 – Judicial Watch is a public-interest law firm that fights corruption in government. To read Larry Klayman's letter to Louis Freeh, ...

· Judicial Watch - Because no one is above the law!

... security," said JW Chairman Larry Klayman. "His behavior stands in stark contrast to Louis Freeh, a man so corrupt he destroyed the office he led, ...

· Freedomwriter.com :: Headline News :: - America - JUDICIAL ...

“Louis Freeh will finally have to answer in court for what he did to our clients. ... answers,” stated Judicial Watch Chairman and General Counsel Larry Klayman. ...

· Infowars.com -- Talk Radio's Alex Jones v. the New World Order

Klayman, Larry, Chairman, Judicial Watch ... My name is Larry Klayman. ... interest group that investigates and prosecutes government corruption and abuse. ...... They seized his computer – these are FBI agents at the direction of Louis Freeh, ...

· JUDICIAL WATCH REJOICES AT RESIGNATION OF FBI DIRECTOR LOUIS FREEH

May 3, 2001 – Because of his corrupt behavior, Freeh was placed on Judicial Watch's ... stated Judicial Watch Chairman and General Counsel Larry Klayman. ...

· The hazing of Judge Lamberth

May 27, 2000 – By Larry Klayman ... While Judicial Watch has asked FBI Director Louis Freeh to .... lawsuits against a corrupt and unrepentant Clinton-Gore ...

SHARE YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:

The following is my comment to an LA Times article regarding a Justice Department cover-up! As for your inquiry, all I think about day and night is a long overdue resolution to the RICO litigation as set forth therein:

ATF Chief Melson:Justice Department trying to shield officials (LATimes) Serrano

 I believe him!

 I truly empathize with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu:   Died February 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]

Here’s some real, complicit cover-up / fraud on the part of the federal government, et als:

October 15, 2010 (*see infra {ultimately delivered by UPS})

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024

Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case  RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages)      [  ricosummarytoFBIunderpenaltyofperjury.pdf   http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf          ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as     fbicorrespondencereyes.htm     .   With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the    RICO VERIFIED COMPLAINT    (see infra). Such includes and as set forth in the case, inter alia,

A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..

Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.

The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages:   [  Shiff Order of Dismissal With Prejudice on Coan’s Failure to File        Page 1                Page 2          ]

Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [   transcript in pertinent part -     http://albertpeia.com/crossexamofcoanbypeia.pdf    ]

Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.

Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.],   Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.

Sincerely,

Albert L. Peia
611 E. 5^th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651 -magic jack}

                       ----------

*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]

Responding to your message

FROM:

Rep. Lucille Roybal-Allard

TO:

albert_peia@yahoo.com

Message flagged

Wednesday, November 16, 2011 8:48 AM

Dear Mr. Peia:

Thank you for being in touch.  As we continue the busy first session of the 112^th Congress, I want you to know that I am grateful for the various times you have shared your thoughts and concerns with me on different issues.  Please be assured that your voice is being heard and that your perspective helps me to better represent you in Washington, D.C. 

Sincerely,

LUCILLE ROYBAL-ALLARD
Member of Congress

[ This is a reply to the Congresswoman’s query among others included.]

11-5-11

Dear Congresswoman Roybal-Allard:

The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:

‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’

Sincerely,

Albert L. Peia

America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm

Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

The Criminal Banking Cartel's End Game: A 100% Digital Monetary System

Posted by: smartknowledgeu Post date: 06/07/2012 The end game of this global monetary crisis is the imposition of a 100% digital monetary system that would permanently end what little economic freedoms we still retain today. Educate. Resist. Fight... http://albertpeia.com/criminalcartel.htm { I agree with the thrust of this article which I’ve yet to read in full; if only to emphasize that with a mouse click/button/keystroke/enter you could easily be separated from your money/wealth which is a formidable intimidating threat consistent with planned subservience (and also facilitating manipulated fraud, etc.). And, don’t think they wouldn’t do it, meaningless, arbitrarily enforced laws notwithstanding. Don’t forget; government slugs all have the same employer. I experienced the corruption first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/americangovernmentdrugtrafficking.htm
http://albertpeia.com/americascorruptiondrugtrade.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm }

http://gainspainscapital.com { I’m constrained to add here what I believe Graham Summers has not incorporated into his calculations; viz., that merkel very well might not even want to be re-elected. That certainly seems to be the case despite presumptions to the contrary. After all, there will ultimately be no winners in this pathetic ponzi charade and ever growing debacle in the making that she has seemed willing at every crucial juncture to countenance despite it being antithetical if not diametrically opposed to german interests. }

Tales Of The Unexpected: Who Really Benefited From The Euro (Hint: NOT Germany) , Guest Post: A Final Word On Those "Robust" July Retail Sales The retail sales figures from that perspective show a couple of very clear points: 1. Last year's Christmas season was not only weak and disappointing, it may have marked the inflection point in consumer spending (at least as far as retail sales measure); 2. The July "improvement" is far less impressive. June 2012 had an extra holiday shopping weekend, but registered only a 3.3% improvement over June 2011. Without an extra holiday weekend, July 2012 saw almost identical year-over-year growth; 3.4%. No matter what or how weekends were arranged within the calendar context, non-adjusted growth was not really all that inspiring in either month. If this inflection in consumption is indeed valid, it makes sense that the early part of 2012 would then experience economic “volatility” – revenue pressures at firms cause them to cut back on capex or re-investment in real projects, including a decrease in the pace of hiring new workers. Manufacturing falls off (seen in the ISM and regional Fed surveys) as reduced demand from businesses works its way back into this vicious cycle of employment malaise where job growth is consistently and vitally below population growth or labor force expansion. As government transfers drop off, the segment of the economy under the gun of stagnation rises in proportion and the bifurcated economy becomes more so – except that as the troubled half grows it inevitably pulls down the half doing relatively well. What looks like a muddle of weak growth is really the rot of monetary intrusions eating at what should be a free market-driven reset to the previous dislocation of failures from past monetary episodes. And it is all in the name of some ephemeral “wealth”. , Face-Off: FaceBerg Groupon'd At Half-Off IPO Price

State unemployment rates rise in 44 states

Typical of Comments: valwayne, Today After 3 1/2 years of Obama we have the worst UNEMPLOYMENT since the Great Depression, the most DEBT in the history of the world, the highest levels of POVERTY since since 1965, Solyndra, Fast & Furious, the most people on foodstamps in history, and its getting worse folks. In state after state after state. No Presidency has ever inflicted as much damage on our nation, nor had his Presidency fail so terribly.

8-16-12 Dave’s Daily: http://www.etfdigest.com ‘QE TALK & MERKEL PROP STOCKS 8-16-12 Not to take anything away from Cisco (CSCO) earnings which beat by a penny both on earnings and revenue, but the thrust of Thursday’s rally came mostly on the heels of talk from on high. Former Fed governor Plosser stated via the WSJ that Bernanke’s recent comments indicate QE3 is likely but he is against it. Also, Angela Merkel revived talk that the euro must be saved as she and the ECB were committed to do. Of course, her comments don’t mean some current eurozone members like Greece will remain. China was also cited as a stimulus for a rally Thursday as investors expect the government to cut bank reserve requirements. Basically it’s all about “expectations and talk” but nothing beyond this. The euro situation will continue its wax on/wax off conditions; bulls will expect more QE; and, China will stimulate. Leaving CSCO’s beat and dividend increase aside, Walmart (WMT) also beat but the stock was sold. Facebook (FB) with restricted stock now available for sale made fresh lows. Let’s remember earnings aren’t that great overall, guidance has been modest to weak overall, GDP is declining but bulls are looking ahead to more money printing. After all today’s economic news was not supportive with the Philly Fed (-7.1 vs -5 expected); Jobless Claims were weak (366K vs 366K and as more fall off the rolls); and, Housing Starts and Permits were mixed. In fact as per the latter it was the fourth worst reading on housing starts since 2009 and 2010. The dollar (UUP) weakened on Merkel’s comments and gold (GLD) rallied; bonds (IEF) & (TLT) continued to see higher yields as investors rotate to stocks; and, with the dollar weaker commodities (DBC) & (USO) were stronger. Volume has slumped to levels not seen since 2006 which makes it very easy for algos and HFTs to push markets in any direction. Breadth per the WSJ was positive…’ , Finland prepares for expected euro zone break up: report , Startling Evidence That Central Banks And Wall Street Insiders Are Rapidly Preparing For Something BIG http://albertpeia.com/centralbankswallstreetinsidersprepforsomethingbig.htm , What Should Jon Corzine's Hedge Fund Be Named? Since over the past five years hedge funds are better known for coming up with ingenious names, than for actually outperforming the market (recall that "the aggregate hedge fund index is now significantly underperforming the S&P 500 (from both the top in 2007 and the lows in 2009"), we hereby wish to do the Honorable Jon Corzine a favor, and save him the money he would otherwise spend on an expensive naming consultant, by offering up the creative services of our audience in conjuring the name for his future hedge fund. So dear ZH readers, take it away, although keep in mind Long-Term Capital Vaporization LP appears to already have been taken by a patent troll (soon to be likely sued by YHOO). , Guest Post: Financialization's Self-Destruct Sequence Like all systems that follow an S-curve of growth and decay, financialization cannot return to its growth phase. But there is another dynamic at play: a self-destruct sequence triggered by central bank and Central State efforts to reflate asset and credit/leverage bubbles. All central bank and State policies aimed at driving capital into risk assets boil down to reflating phantom assets purchased with debt by issuing more debt that is based on newly issued phantom assets. Phantom assets purchased with debt cannot be reflated by issuing more debt that is based on newly issued phantom assets. Piling more debt/leverage on a sandpile of phantom assets (CDS, bonds that cannot possibly be paid back, empty condos in the middle of nowhere, etc.) only heightens the probability that the unstable pile will collapse. The implicit Central Planning campaign to trigger "mild" inflation is part of the self-destruct sequence. Central planners metaphorically fight the last war, or at best the last two wars, and so they remain blind to any dynamics that did not exist in their case studies. , Deleveraging Needed In Next 4 Years: $28 Trillion Over the past several years, there has been much speculation and numerous reports that America is deleveraging. It isn't. In fact, consolidated across the 5 different kinds of American debt, which takes into account not only federal, but also financial, municipal, household and non-financial, total debt as a percentage of GDP has not budged over the past 4 years and is flat at 350% of GDP. Which simply means that all of the household debt that has supposedly vaporized (at least until the next major Flow of Funds revision), all of which has taken place purely from discharges on uncollectable mortgage and credit card debt, has been replaced by federal debt, while financial debt has merely soared to take the place of the collapsing shadow debt which is imploding as the confidence in a Fed-free financial system erodes to zero. Which of course, is the worst possible outcome: instead of funding private, individual entrepreneurs, who are the true basis for America's historic growth, prosperity and success (and who, unlike the government can and will fail if they dont allocated capital efficiently) the transferred debt (from household to federal) merely goes to fund the unproductive components of the US economy: the US government which by definition produces nothing, and the financial sector, whose only product is financial innovation which serves to make the TBTFs TBTFer, and pay record bonus after record bonus, and... that's it. , Ann Romney on tax returns: ‘There’s nothing we’re hiding’ "I paid taxes every single year" is how Mitt Romney retorts to Harry Reid's charge that he paid no taxes in some years. As Bloomberg reports, after review of his tax returns over the last decade, Romney always paid at least 13% of his income in taxes. , Retail Exodus From Stocks Continues: Another $3.6 Billion Pulled Out Last week , A Modern Day Worker Revolt , Europe's Energy Costs See Biggest Two Month Jump Ever , Guest Post: What To Do When Every Market Is Manipulated What do the following have in common? LIBOR, Bernie Madoff, MF Global, Peregrine Financial, zero-percent interest rates, the Social Security and Medicare entitlement funds, many state and municipal pension funds, mark-to-model asset values, quote stuffing and high frequency trading (HFT), and debt-based money? The answer is that every single thing in that list is an example of market rigging, fraud, or both. How are we supposed to make decisions in today’s rigged and often fraudulent market environment? Where should you put your money if you don’t know where the risks lie? How does one control risk when control fraud runs rampant? Unfortunately, there are no perfect answers to these questions. Instead, the task is to recognize what sort of world we happen to live in today and adjust one’s actions to the realities as they happen to be. The purpose of this report is not to stir up resentment or anger -- although those are perfectly valid responses to the abuses we are forced to live with -- but to simply acknowledge the landscape as it is so that we can make informed decisions.

Guest Post: Assange Or Corzine? The issue at hand is the sense that we have entered a phase of exponential criminality and corruption. A slavering crook like Corzine who stole $200 million of clients’ funds can walk free. Meanwhile, a man who exposed evidence of serious war crimes is for that act so keenly wanted by US authorities that Britain has threatened to throw hundreds of years of diplomatic protocol and treaties into the trash and raid the embassy of another sovereign state to deliver him to a power that seems intent not only to criminalize him, but perhaps even to summarily execute him. The Obama administration, of course, has made a habit of summary extrajudicial executions of those that it suspects of terrorism, and the detention and prosecution of whistleblowers. And the ooze of large-scale financial corruption, rate-rigging, theft and fraud goes on unpunished.

{ From sun never sets, to sun never shines on ever-declining britain along with pervasively corrupt defacto bankrupt america. What losers in decline they’ve become. As further testament to that unmistakable state of decline, america even has a nigger president … you can’t get any lower! }

Conflict Brewing Between UK And Ecuador As Latin American Country Agrees To Grant Asylum To Assange Are we about to see a mini-war on UK soil, if and when Britain decides to storm the Ecuadorian embassy, which moments ago announced it has granted asylum to Julian Assange? From Reuters: "Ecuador granted political asylum to Julian Assange on Thursday, ratcheting up tension in a standoff with Britain which has warned it could revoke the diplomatic status of Quito's embassy in London to allow the extradition of the WikiLeaks founder. The high-profile Australian former hacker has been holed up inside the red-brick embassy in central London for eight weeks since he lost a legal battle to avoid extradition to Sweden, where he is wanted for questioning over rape allegations. Ecuadorean Foreign Minister Ricardo Patino said he feared for the safety and rights of Assange which is why he said his country had decided to grant him asylum. "Ecuador has decided to grant political asylum to Julian Assange," Patino told a news conference in Quito. Ecuador's decision takes what has become an international soap opera to new heights since Assange first angered the United States and its allies by publishing secret U.S. diplomatic cables on his WikiLeaks website." The UK, needless to say, is not happy, and the UK foreign ministry has said it will carry out binding obligation to extradite Assange to Sweden. Looks like posturing is about to hit a crescendo and someone will have to do something. Because foreign politics and diplomacy is (luckily) not central planning.

Buchanan: 'Obama has steadily diminished both himself and the office he holds'... { Indeed he has; and, that’s putting it mildly! } ‘…In an ad produced by the super PAC Priorities USA, Mitt Romney is charged with moral, if not material, complicity in the cancer death of the wife of a Missouri steelworker. Speaking straight into the camera, Joe Soptic, 62, charges Romney with coldly shutting down the plant where he worked and cutting off his health insurance. This, says Soptic, left his wife without insurance to pay for her care, until, falling ill, she went to a doctor, who discovered stage 4 cancer, which killed her in 22 days.Soptic implies a causal connection between Romney’s decision to shut the plant and his wife’s death. The ad is a premeditated attempt to murder the reputation of Mitt Romney. And from start to finish, it is a deception. The truth. Mitt Romney gave up leadership of Bain Capital in 1999. The steel plant was closed in 2001. Soptic lost his health insurance, but his wife was still working and had hers. She lost her job and insurance in 2003. Her illness and cancer were discovered in 2006, when Romney was ending his fourth year as governor of Massachusetts…’ { It’s really quite amazing: everything but the facts/truth from wobama et als. Actually, wobama has a real tax evader in his ranks; viz., tiny tim geithner who asserted the statute of limitations to get out of paying taxes that were rightfully due. Should President Romney as a rational business man whose record at Bain was conceded by Bill Clinton to have been sterling have instructed his accountants to forget all they know about accounting/taxation and do a bad job (now doing a bad job is something that failed president wobama can identify with and knows something about). Then there’s dirty harry: Drudgereport: HARRY REID HELPS CHINESE SOLAR FIRM REPRESENTED -- BY HIS SON!
PAPER: It's time to fight back against Dirty Harry...
Wife: Rep. Jesse Jackson Jr. getting treatment but 'still very depressed'...
Ethics investigation continues...

BIASED MEDIA BASH: 86% of Romney coverage NEGATIVE... { Friday Humor: (obama last campaign) "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Wow! The only explanation might be they’ve been duped by wobama along with the rest of the nation and are too embarrassed for not doing their reasonably expected due diligence on grifter obama and just won’t own up to the reality of the fraud called wobama! Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … ) Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm [ the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’] } Boehner: Obama has 'never even had a real job, for God's sake'...
O BRINGS BACK TELEPROMPTER...
REPORT: Warnings ignored in Solyndra loan...
{ In the final analysis, I truly believe americans will prove they are not that dumb; that they are not going to be shamed by being fooled twice (fool me once, shame on you; fool me twice, shame on me); that they will let politicians everywhere know that results count! Keeping campaign promises counts! Hope and change…can you believe that wobama et als are actually saying that again? The audacity…eh, what the heck…he’s just a typical jive-talking black…cut him some slack…pathetic…The only reality for hope and change is hope that wobama changes. That’s not likely! He’s gotten by on b***s*** his entire life and is a desperate and total fraud! I believe this will be a reality-based high-margin blowout victory for President Romney! }

Janet Napolitano’s Little Love Nest at DHS

Prisonplanet.com | The Thomas More Law Center has announced that it has filed a federal lawsuit against Homeland Security Secretary Janet Napolitano.

Shocking Federal Lawsuit Against DHS Napolitano: Big Sis Favored Her Gal Pals, Treated Male Staffers “Like Lapdogs,” Her Female Staff Tormented Male Employees with “Sexually Charged Games” { Whoa! Lapdog to Napolitano! Whew! Ew! Wow! Yuck! After all, jano almost makes mo reno look like a beauty queen! I’m starting to get dry heaves! …In the suit Hayes also accused Napolitano’s chief of staff at ICE, Suzanne Barr, of repeated 'sexually offensive behaviour' intended to 'humiliate and intimidate male employees'.On one occasion, Barr called a colleague in his hotel room and screamed using sexually explicit language, telling him she 'wanted his c*** in the back of [her] throat' (of course, this impressionable lesbian must have seen ‘deep throat’; maybe she really thinks there’s a possibility she has a clitoris in the deep recesses of her throat…or not…just kidding). Might this be behind (pun) the sadistic groping of TSA. Pretty sordid stuff, indeed! } Hayes claims he 'felt that he was being targeted because of his gender' and witnessed Barr repeatedly picking on men. She 'created a frat-house type atmosphere that is targeted to humiliate and intimidate male employees', according to court papers. In 2009 she 'removed the entire contents of the offices of three male employees, including nameplates, computers and telephones, to the men’s bathroom at ICE headquarters'. Read more: http://www.dailymail.co.uk/news/article-2186507/Janet-Napolitano-favoured-woman-long-relationship-job.html#ixzz23ERN7rMx }

11 Things That Can Happen When You Allow Your Country To Become Enslaved To The Bankers

http://albertpeia.com/nationalconsequencesofenslavementtobankers.htm { I really have to tell you, I’d rather be enslaved by bankers than … Jano, see supra … Just kidding! Neither, is my real answer! }

8-15-12 Dave’s Daily: http://www.etfdigest.com ‘It’s hard to imagine markets being this quietly determined to move higher without any dissent. Bears are in hibernation consistently put-off by fear of QE3 and HAL 9000s. (Rosengrens & Fisher duel over QE.) Economic data remains mixed with some better housing data but much worse manufacturing data given today’s poor Empire State Mfg Survey (-5.85 vs 7 expected & prior 7). Within that data was very poor employment trends and much higher prices paid data.The CPI came in flat which was strange given the 20% rise in most energy prices. The Homebuilders Sentiment rose to 37 from 35 which is the highest since February 2007 but we know what happened after that. Industrial Production was slightly higher (.6%) and energy inventories dropped substantially allowing for more price gains.A chart from the Fed shows “completed” new homes and presents a rather different picture. http://albertpeia.com/newhousingunitscompleted.jpg Meanwhile eurozone bulls remain enthusiastic there will be a “fix” even as Germans continue to shout “nein, nein, nein.” I guess bulls just don’t believe German rhetoric.Little noticed in headlines are higher energy costs stimulated by more war talk with Iran and much lower inventory data. Saudi Arabia, Qatar and the UAE just ordered all their citizens to leave Lebanon immediately as the Syrian conflict escalates and headlines shout Israel is preparing an attack on Iran. Given such a publicized headline might mean it’s not going to happen, at least not right away. If Obama is successful in securing a second term I doubt he’ll be attacking anyone other than RNC headquarters.Beneath the surface are some disturbing preparations the government is engaging in. The Fed and Treasury have asked the TBTF banks to prepare an emergency plan should there be an economic collapse. Homeland Security has been practicing for civil disorder on a massive scale. Over the past two days several articles have appeared suggesting various government agencies are ordering massive amounts of deadly hollow point bullets as noted. This is all quite disturbing and not denied by the government. I sound paranoid.As noted stocks continued their stealth rally led mostly by tech (XLK), bonds continued to sell-off during current auction, commodity prices (DBC) were higher, and the dollar (UUP) was slightly stronger putting gold (GLD) back on the defensive.Trading volume is the lowest since 2007 as the summer wears on and most investors must be awaiting Jackson Hole results. Breadth per the WSJ was positive overall…’ , EUROPE HAS TWO POTENTIAL “HAIL MARY” PASSES … WOULD EITHER OF THEM WORK { Short Answer: NO! } ? http://albertpeia.com/europesbailmario.htm , THE CODY WORD Prepare for the crash now. , The Hoarding Continues: China Has Imported More Gold In Six Months Than Portugal's Entire Gold Reserve ZeroHedge.com , Guest Post: The Biggest Conflict Of Interest In Finance? Maybe this is a naive question, but as Goldman clients get skinned again and again and again and again and again by Goldman’s failed calls — while Goldman itself continues to rack up prop trading profits — I keep wondering just why anyone would take investment advice from a trading firm? And beyond that, why is it even legal for trading firms to advise clients? Isn’t this the biggest conflict of interest possible? We know firms including Goldman have advised clients to buy junk that the trading arm wants to get off its books. , Spot The Looming Crisis Yes, we all know that Europe is in deep, deep, trouble, and we all know that Europe has a major fiscal deficit issue which is why well over half of the Eurozone is effectively locked out of the capital markets, and only has funding courtesy of various back door Ponzi schemes funded by the ECB, and we also all know that on a consolidated basis Europe's debt/GDP is very high. But the truth is that at least Europe is taking small steps to rectify its historic profligacy and is at least pretending to be implementing austerity (in some cases actually truly doing so). How about the US. Well, the chart below should answer that particular question. Because while the consolidated GDP of the US and Europe are nearly identical, they differ very materially in terms of both fiscal deficit, and total Debt/GDP. The chart below shows precisely where the differences lie between the United States of Europe and the United States of America. , Guest Post: Former Central Bankers Step Up Against The Central Banks , Fed's Fisher Reluctant To 'Bail Out White House' With More QE It was not enough that the Fed's Richard Fisher was 'allowed' on CNBC this afternoon to expropriate himself and his merry-Fed-men from his 'fanatical' colleague nemesis Rosengren; but Maria B., for one glorious moment, asked a question so sensible it was stunning: "Is The Fed Bailing Out The White House?" The notably business-man-background Fisher was wonderfully heretical in explaining that additional stimulus would have little impact, that the Fed's action would indeed 'look political', and that "US lawmakers need to get their fiscal act together." While he doesn't see a high likelihood of a recession in 2013, he comprehends clearly the wait-and-see 'defensive crouch' that businesses are in given the huge uncertainty. On a slow day, with so much print-and-it's-all-fixed hope, the clarifying vision of at least one man on the FOMC is perhaps worth holding onto. , Global Car-Maker Channel Stuffing Conspiracy 'Theory' Now Conspiracy 'Fact' , Guest Post: The Sentinel Case - Another Nail In The Coffin Of 'Market Confidence' , Crushed Consumption: The Unintended Consequence Of Bernanke's Arrogance With the Fed lowering interest rates and flattening the curve in an effort to squeeze any- and every-one into risk-assets and mal-investment; the sad truth of this action is that it forces a drastic unintended consequence on the growing population of people that actually care about the future. Critically, as Citi points out, lower yields require much higher rates of saving (both corporates and households) and while 10% of salary allocated to 'retirement savings' will meet its goals with a 4% return hurdle, at current low yields, the average-joe in the street will need to 'save' 25% of his income - cutting heavily into his current consumptive and discretionary iPad needs. , Summarizing America's Record Drought In One Picture , Crude Spikes On Renewed Mid-East War Fears As Saudi Arabia Recalls Lebanon Citizens , Guest Post: We Are All Muppets Now Muppets only complain when the prop jobs and skimming fail to deliver fat gains to their accounts. But being a muppet is being a mark: it's the muppets who are being milked and skimmed. Being a participant in a hopelessly compromised, rigged market makes us marks because we're ultimately providing liquidity and capital for the players to skim. When the officially sanctioned intervention finally fails and the market leaks 40% of its current value, the muppets will finally understand the "outsized returns" were just a con used to entice them into playing digital 3-card monte. The game is rigged, but the greed of the player overrides his skepticism and caution. The same can be said for pension funds and all the other institutional players. Desperate for yield, they've foolishly ponied up hundreds of billions of dollars to play 3-card monte with crooked dealers and a crooked house. , On GDP vs Equity Returns, Bill Gross Is In Fact Right... With A Twist … Hence, equities for the short- and long-term, are essentially a Ponzi scheme … , Killing The 'Stocks Are Cheap' Myth Once And For All

Frontrunning: August 15

Submitted by Tyler Durden on 08/15/2012

Investors Shift Money Out of China (WSJ)

Rajoy Risks Riling ECB in Bid to Avoid Union Ire (Bloomberg)

Romney-Ryan See Fed QE as Inflation Risk Amid Subdued Prices (Bloomberg)

Spanish savers offered haircut then money back (FT)

Must wipe all traces of illegality and settle for $25,000: Standard Chartered Faces Fed Probes After N.Y. Deal (BBG)

Greece debt report backs cuts plan (FT)

Greece seeks two-year austerity extension (FT)

Brevan Howard Looks To U.S. To Raise Money For Currency Fund (Bloomberg)

Can he please stop buying gold? Paulson, Soros Add Gold as Price Declines Most Since 2008 (Bloomberg)

BOE Drops Reference to Rate Cut as It Considers Policy Options (Bloomberg)

EU Banking Plans Asks ECB to Share Power, Documents Show (Bloomberg)

The Mississippi River Is Drying Up http://albertpeia.com/mississippidryingup.htm

8-14-12 Dave’s Daily: http://www.etfdigest.com ‘DATA MANIPULATION UNDER COVER Retail Sales data was released Tuesday and on the surface the headline data was a pleasant surprise. Expectations were for a rise of .3% but the number came in at .8%. One very sour note was June data was revised to -.7% from -.5% which was a bummer. But the real story was in a new calculation method by the census bureau (ably assisted by the Bank of Spain…I kid you not) changed their methodology for seasonal adjustments as noted HERE & HERE. Without this adjustment the data would have showed a -.9% decline. This follows along with all the adjustments made in the CPI (released tomorrow) since 1980 that made inflation data always look better ultimately and Employment data with birth/death adjustments.Other data released today included the PPI (.3% vs .2% expected & prior .1%) and Business Inventories which fell (.1% vs .2% expected & prior .3%)In the eurozone German Economic Minister Phillip Roesler stated Greece would not get a third aid package if it did not implement reforms, stating: “We don’t’ want the Greek government to be insolvent but we could deal with the consequences if necessary.”While German economic data was weak, it wasn’t as weak as feared Tuesday causing a rally in the DAX. Nevertheless the 17 nation EMU economy overall is moving into recession with -.2% GDP. But expectations are high the ECB and other central banks would be injecting more liquidity and bailouts sending most shares higher. Speaking of central banks, the Bank of Japan released minutes indicating they would be will to do more QE and the PBOC is now actively in the process of doing reverse repos providing short term lending to banks.Earnings saw good results from Home Depot (HD) but more disasters in social media stocks (SOCL) where (ZNGA), (FB) and now (GRPN) have lost nearly $58 billion since their share issuance. This is reminiscent of the dotcom days.The dollar (UUP) was flat and gold (GLD) was weaker. Crude oil (USO) recovered from Monday’s late selling given ongoing troubles in Norway, Iran sanctions and Middle East tensions. Commodity markets (DBC) overall were mildly higher with energy but weakness in agricultural markets. Bond markets (IEF) were weaker in advance of another round of auctions Wednesday.U.S. stocks drifted about aimlessly and are no doubt waiting for more important data as this week unfolds. Further bulls look for a QE3 outcome from the Jackson Hole rendezvous near the end of the month.Volume was once again very light and breadth per the WSJ was mildly negative…’ , You Will Not Believe What Some People Are Willing To Do For A Paycheck These Days http://albertpeia.com/desperateforapaycheck.htm , Dan Loeb Purges Portfolio, Cuts Over Two Thirds Of Equity Holdings, Adds 25 New Positions ZeroHedge.com , S&P 500 Futures 'Plunge' 1.25 Points - Most In 10 Days! , Bill Gross On Where "Bad Bonds Go To Die": Joins Paul Singer In Hatred Of Treasurys A week ago we brought you Elliott Management's summary opinion on US paper: "We Make This Recommendation To Our Friends: If You Own US Debt Sell It Now." Today, Bill Gross doubles down. Gross: The #Fed is where bad bonds go to die. Today it was 10-years. Tomorrow 30-years. Stay short my friends. , Is Investment Grade Issuance Driving Treasury Weakness (Again)? , NY State Regulators Settle With Standard Chartered At 0.14% Transaction Fee *NEW YORK SETTLES PROBE OF STANDARD CHARTERED FOR $340 MLN .. the $250 billion of 'laundering' transactions - sanctions/terrorism/drugs-related or not - are settled for a 0.14% transaction fee (that'll teach 'em!). In other words, Std Chartered's IRR for committing years of crime is 714%. Finally this is a whopping 1.9% of the bank's entire 2011 revenues, or in other words they had to hand over 7 days of revenue (assuming a 365 day work week). Of course there are other fines/penalties to come but it looks like someone got a little over-excited at the regulators or as we note, STANCHART had some bottom-drawer details no one wanted outed. And now, employees of US "regulators," "enforcers" and various other "crime fighting" organizations can look forward to submitting their resumes to the British banks all over again. , What Happened The Last Two Times VIX Closed Below 15%? VIX has only rarely traded below 15% during 'new normal' times. The period from 2004 to early 2007, the so-called 'Great Moderation', saw VIX average 13.6% - at the time stunningly low (and notably where VIX closed yesterday). While looking at VIX alone can be misleading (with regard to the term structure differences and realized vol premia), it is nevertheless a gauge of market's expectations of return volatility in the short-term - however contemporaneous that is. Following the two times that VIX first closed below 15%, the S&P 500 has suffered from a 5.25% and 7.75% plunge in the following two months - and each time saw a quick post-VIX-plunge pop in stocks that provided better entry levels for shorts. High Yield credit also stumbled hard widening 80 and 150bps respectively. , Guest Post: Heightened Expectations And The Collapse Of Credibility , Mark Grant And Rick Santelli On Europe: "It's A Ponzi Scheme To Be Honest With You" , Mystery Of July Retail Sales "Beat" Solved: It Is All In The "Seasonal Adjustment" The July retail sales beat came as a surprise to many: an 0.8% increase (full series here) at a time when the data was supposed to grow at less than half this would surely be indicative of a potential turnaround in the US economy. Then we decided to do a quick spot check if maybe the Census Bureau had not adopted one of the BLS' worst habits: fudging seasonal adjustment factors. The reason for this is because we happened to notice that Not Seasonally Adjusted (full series here) retail sales data in July actually declined by 0.9% from $405.8 to $402 billion. Of course, if the Census Bureau was using a consistent, or at least remotely comparable July seasonal adjustment factor as it has in the past, this would make sense and we would move on. So we decided to look at what the July seasonal adjustment variance over the past decade has been. What we found would have shocked us if indeed this is not precisely what we expected: with the July seasonal adjustment factor routinely subtracting a substantial amount from the NSA number, averaging at -$5.2 billion, in 2012, for the first time this decade, the seasonal adjustment not only did not subtract, but in fact added "value" to the NSA number, resulting in a seasonally adjusted number that was $1.9 billion higher than the NSA number at $403.9 billion. , The Financial Decline In Europe Continues As Industrial Production falls -0.6% in Europe and as the economy shrinks -0.2% there is once again a good reason to pause to consider the ramifications for this going forward. When you sit back and take a hard look at the last two years you begin to learn a few things. If you just stick to the actual data and forget the rhetoric that surrounds it the picture becomes clearer. Each and every projection for Greece, Spain and Italy that has been forecast by the EU and the IMF has been wrong; dead wrong. Europe is getting worse and not better. Whether you turn your attention to Greece, Spain, Italy, Portugal or even Ireland; it is getting worse. Nowhere on the Continent are things improving and even in France and Germany the financial strains are beginning to show. It is not a question of Euro-bear or Euro-bull; it is just the numbers as they come rolling out month after month. It is the banks, it is the sovereigns and grand visions must, in the end, give way to the facts.

STOP FOOLING YOURSELF NO ENTITY ON EARTH CAN PREVENT THIS August 14, 2012 By gpc1981 http://albertpeia.com/stopfoolingyourselftheyhavenosolution.htm

Factory owners: Federal prisoners stealing our business

CNN | Unicor’s prisons pay inmates as little as 23 cents an hour to make goods for the Pentagon and other federal agencies.

You Will Not Believe What Some People Are Willing To Do For A Paycheck These Days

The Economic Collapse | It is absolutely amazing what some people will do to make a living in this economy.

Ryan’s Fiscal Policy: Austerity for the Plebs, Bombs and Bullets for the Warheads

Kurt Nimmo | And more play dough for the sharksters on Wall Street.

‘It’s a free. F***ing. Country’: Jamie Dimon’s foul-mouthed rant as JP Morgan boss attacks ‘banker bashers’

thisismoney.co.uk | Jamie Dimon, the boss of blue blooded US investment bank JP Morgan, has launched a foul mouthed attack on ‘banker bashers’.

Alan Simpson Confirms Reality: “All The Things You Love Will Not Come To Pass”

Zero Hedge | Alan Simpson laid out the sad and terrible truth that none of us or our politicians can handle in a very direct and sincere interview withBloomberg TV’s Deirdre Bolton.

Treasury: U.S. to lose $25 billion on auto bailout

Detroit News | The Treasury Department says in a new report the government expects to lose more than $25 billion on the $85 billion auto bailout.

High School Dropout? Gov’t Will Pay You 36% More Than Private Sector

CNS News | People who drop out of high school and get a job with the federal government earn, on average, 36 percent more in wages and benefits than their dropout counterparts in the private sector.

8-13-12 Dave’s Daily: http://www.etfdigest.com COMPLACENCY IN LATE AUGUST 8-13-12 { Complacency? More like insanity as market reactions were the logical opposites to what the data would dictate, infra. But, that’s been true for quite some time on fraudulent wall street. } ‘Many investors follow the VIX (CBOE Volatility Indicator) which measures put buying on the S&P 100 Index. Readings become elevated when the VIX rises above 20. When it rises greater than 30, generally “fear” would be dominant. When the indicator is below 20 “complacency” is present as put buying (betting equity prices would decline) falls. The VIX has been steadily falling the past month and has reached lows not seen since March (13.66) just before the previous correction took place. The record VIX low in contemporary views was in late December 2006 (8.6) and we know what happened the following February as investors started to confront financial issues with a major bear market in next pushing the reading above 20. Currently the VIX fell below 14 which is close enough to where we were in March. Also, as you’ll note from within the chart below we’re now at a weekly Demark sequential 9 count which is often a precursor to “trend exhaustion”. It’s not a perfect indicator, and few are, but given its nearness to March lows plus a light volume rally we should be impressed by it. It was enough to cause us to lighten up equity exposure at the opening of trading on Monday. Sometimes a reading like this will fail to produce a reaction and the indicated market may just move sideways or ignore it entirely. (Sideways was what occurred January 2012 with previous 9.) If the market ignores it may only be because volume is so light pricing insurance via puts is more difficult. One thing the VIX isn’t from my experience is a shorting indicator from this reading meaning a time to step aside. Also fading ZIRP and QE hasn’t been a winning strategy of late. If so, and markets just continue higher, we’ll just have to get back in the markets as before. That said, for subscribers to the ETF Digest we noted on Friday that of the 600 ETFs and indexes we monitor, over 200 had weekly 9 readings. That’s impressive.I put this out there for your interest knowing perhaps it will lead to little in this odd environment we’re in.The VIX fell even more on Monday as late day dip buyers stepped quickly into markets in the afternoon. It may take a week or two to know if this DeMark view is effective or not. Further there are other tools available to assess the situation.Meanwhile in the eurozone a lawsuit was filed in Germany challenging the legality of the ESM (European Stability Mechanism) which may cause a delay. A rather bizarre article from Bloomberg discussed confusingly the situation with Germany specifically. Also key members of the German government are hinting at no further assistance for Greece which shouldn’t surprise. Perhaps we’ve dragged the Greek drama out long enough that a failure would be nonevent.Stocks were lower from the opening and the DJIA was down nearly 100 points only to rally once again on dip buying in the afternoon. Homebuilder stocks (XHB & ITB) were much higher despite new home sales being 50% below average. The dollar (UUP) was weaker as the euro rose oddly given the lawsuit; gold (GLD) was lower; bonds (IEF) were slightly weaker; and, commodities overall were weaker (DBC) particularly as grains (JJG) sold-off. Volume remains incredibly light even by mid-August standards but more economic data should change that starting Tuesday. Breadth per the WSJ was mildly negative…’ , Are The Government And The Big Banks Quietly Preparing For An Imminent Financial Collapse? http://albertpeia.com/imminentfinancialcollapse.htm , Deep Fried Black Swan Lands As China Admits It Has A Food Inflation Problem, Releases Corn, Rice From Reserves ZeroHedge.com , Volume Crashes As S&P 500 Breaks Winning Streak Even And VIX Plunges To Five Year Lows The cash S&P 500 closed very modestly in the red - but tried its best into the end of the day-session to get green to make it seven-in-a-row. After-hours, amid heavier block size, S&P 500 e-mini futures (ES) pushed up to the overnight highs and tried to hold green but failed. NYSE volume plunged - almost unbelievably to be frank - to its lowest non-holiday-trading day volume in over a decade. Intraday ranges remain tiny and average trade size unremarkable as ES is still suffering from the post-Knight slashing in volume (down 45%!!). Are we witnessing Gross' death of equities? , Group Selling In Groupon After Hours , Thai Senator "Accidentally" Kills Secretary With Submachine Gun, Has Arrest Immunity, Faces $636 Fine , Charting The Lost Generation Of Investors There is a segment of the Baby Boomers that will never return to investing in equities because the last 12 years has produced a lack of returns with relentless volatility and scary headline news. BofAML's Mary Ann Bartels notes that equity holdings as a percentage of financial assets peaked in 2000 and have been declining ever since. This same behavior occurred last time the market traded sideways from 1966-1984 (16 years) and we clearly face the risk of more years of sideways trading to come as cumulative bond and equity flows show no sign of letting up at all. , Guest Post: How Badly Does Wall Street Want A Romney Presidency? Does Wall Street really want a Romney Presidency? Or could Wall Street not care less, because they know that both sides will gladly do their bidding? After all it’s not like Obama has tried to jail corrupt bankers — Corzine, who after raiding segregated accounts is surely up there with the most corrupt guys on Wall Street — has been bundling for Obama as recently as April. Ignore the chickenshit donations. If markets fall significantly between now and November — 1300, 1200, 1100, 1000 — the powers that be on Wall Street want a Romney presidency. After all, it’s not only possible but extremely easy to deliberately crash the market. No S&P crash? They’re happy to stick with Obama. , Spiegel: Investors Prepare For Euro Collapse , Bronze Is The New Gold And Why Swallowing Aliens Never Ends Well , Bayou's Ponzi, Vodka And Cocaine, Murder, And Frontrunning The Fed's "Secret" Bond Market , Bernanke's Dilemma: How US Corporations Became Addicted To Endless QE , Oil hits 3-month high above $114 on supply concern (Reuters) , How to Spot – and Defeat – Disruption on the Internet Posted by : George Washington Post date: 08/13/2012 - 15:43 The 15 Rules of Web Disruption

David Martin’s Thirteen Rules for Truth Suppression,  H. Michael Sweeney’s 25 Rules of Disinformation (and now Brandon Smith’s Disinformation: How It Works) are classic lessons on how to spot disruption and disinformation tactics.

We’ve seen a number of tactics come and go over the years.  Here are the ones we see a lot of currently.

#1.  Start a partisan divide-and-conquer fight or otherwise push emotional buttons to sew discord and ensure that cooperation is thwarted.   Get people fighting against each other instead of the corrupt powers-that-be.  Use baseless caricatures to rile everyone up.  For example,  start a religious war whenever possible using stereotypes like “all Jews are selfish”, “all Christians are crazy” or “all Muslims are terrorists”.  Accuse the author of being a gay, pro-abortion limp-wristed wimp  or being a fundamentalist pro-war hick when the discussion has nothing to do with abortion, sexuality, religion, war or region.  Appeal to people’s basest prejudices and biases. And – as Sweeney explains – push the author into a defensive posture:

Sidetrack opponents with name calling and ridicule … Associate opponents with unpopular titles such as “kooks”, “right-wing”, “liberal”, “left-wing”, “terrorists”, “conspiracy buffs”, “radicals”, “militia”, “racists”, “religious fanatics”, “sexual deviates”, and so forth. This makes others shrink from support out of fear of gaining the same label, and you avoid dealing with issues.

#2.  Pretend it’s hopeless because we’ll be squashed if we try.  For example, every time a whistleblower leaks information, say “he’s going to be bumped off”.   If people talk about protesting, organizing, boycotting, shareholder activism, spreading the real facts, moving our money or taking other constructive action, write things to scare and discourage people, say something like  “we don’t have any chance because they have drones and they’ll just kill us if we try”,  or “Americans are too stupid, lazy and greedy, so they’ll never help out.”  Encourage people to be apathetic instead of trying to change things.

#3.  Demand complete, fool-proof and guaranteed solutions to the problems being discussed.   For example, if a reporter breaks the story that the big banks conspired to rig a market, ask “given that people are selfish and that no regulation can close all possible loopholes … how are you going to change human nature?”, and pretend that it’s not worth talking about the details of the market manipulation.  This discourages people from reporting on and publicizing the corruption, fraud and other real problems.  And it ensures that not enough people will spread the facts so that the majority know what’s really going on.

#4. Suggest extreme, over-the-top, counter-productive solutions which will hurt more than help, or which are wholly disproportionate to what is being discussed.   For example, if the discussion is whether or not to break up the big banks or to go back on the gold standard, say that everyone over 30  should be killed because they are sell-outs and irredeemable, or that all of the banks should be bombed. This discredits the attempt to spread the facts and to organize, and is simply the web method of the provocateur.

#5.  Pretend that alternative media – such as blogs written by the top experts in their fields, without any middleman – are untrustworthy or are motivated solely by money (for example, use the derogatory term “blogspam” for any blog posting, pretending that there is no original or insightful reporting, but that the person is simply doing it for ad revenue).

#6.  Coordinate with a couple of others to “shout down” reasonable comments.  This is especially effective when the posters launch an avalanche of comments in quick succession … the original, reasonable comment gets lost or attacked so much that it is largely lost.

#7.  Use an army of sock puppets.  You can either hire low-wage workers in India or other developing countries to “astroturf” or – if you work for the government – you can use software which allows you to quickly create and alternate between numerous false identities, each with their own internet address.

#8. Censor social media, so that the hardest-hitting information is buried. If you can’t censor it, set up “free speech zones” to push dissent into dank, dark corners where no one will see it.

#9.  When the powers-that-be cut corners and take criminally reckless gambles with our lives and our livelihoods, protect them by pretending that the inevitable result - nuclear accidents, financial crises,  terrorist attacks or other disasters – were “unforeseeable” and that “no could have known”.

#10.  Protect the rich and powerful by labeling any allegations of criminal activity as being a “conspiracy theory”.  For example, when Goldman gets caught rigging markets, label the accusations as mere conspiracies.

The following 4 tactics from Sweeney are also still commonly used …

#11. Become incredulous and indignant. Avoid discussing key issues and instead focus on side issues which can be used show the topic as being critical of some otherwise sacrosanct group or theme. This is also known as the “How dare you!” gambit.

#12. Use a straw man. Find or create a seeming element of your opponent’s argument which you can easily knock down to make yourself look good and the opponent to look bad. Either make up an issue you may safely imply exists based on your interpretation of the opponent/opponent arguments/situation, or select the weakest aspect of the weakest charges. Amplify their significance and destroy them in a way which appears to debunk all the charges, real and fabricated alike, while actually avoiding discussion of the real issues.

#13. Hit and Run. In any public forum, make a brief attack of your opponent or the opponent position and then scamper off before an answer can be fielded, or simply ignore any answer. This works extremely well in Internet and letters-to-the-editor environments where a steady stream of new identities can be called upon without having to explain criticism reasoning — simply make an accusation or other attack, never discussing issues, and never answering any subsequent response, for that would dignify the opponent’s viewpoint.

#14. Question motives. Twist or amplify any fact which could so taken to imply that the opponent operates out of a hidden personal agenda or other bias. This avoids discussing issues and forces the accuser on the defensive.

#15. Associate opponent charges with old news. A derivative of the straw man usually, in any large-scale matter of high visibility, someone will make charges early on which can be or were already easily dealt with. Where it can be foreseen, have your own side raise a straw man issue and have it dealt with early on as part of the initial contingency plans. Subsequent charges, regardless of validity or new ground uncovered, can usually them be associated with the original charge and dismissed as simply being a rehash without need to address current issues — so much the better where the opponent is or was involved with the original source.

Postscript:  Over a number of years, we’ve found that the most effective way to fight disruption and disinformation is to link to a post such as this one which rounds up disruption techniques, and then to cite the disinfo technique you think is being used.

Specifically, we’ve found the following format to be highly effective in educating people in a non-confrontational manner about what the disrupting person is doing:

Good Number 1!

Or:

Thanks for that textbook example of Number 7!

(Include the link, so people can see what you're referring to.)

The reason this is effective is that other readers will learn about the specific disruption tactic being used … in context, like seeing wildlife while holding a wildlife guide, so that one learns what it looks like “in the field”.   At the same time, you come across as humorous and light-hearted instead of heavy-handed or overly-intense.

Try it … It works.’

8-10-12 Eric Sprott: The Solution…Is The Problem, Part II ZeroHedge.com When we wrote Part I of this paper in June 2009, the total U.S. public debt was just north of $10 trillion. Since then, that figure has increased by more than 50% to almost $16 trillion, thanks largely to unprecedented levels of government intervention. Once the exclusive domain of central bankers and policy makers, acronyms such as QE, LTRO, SMP, TWIST, TARP, TALF have found their way into the mainstream. With the aim of providing stimulus to the economy, central planners of all stripes have both increased spending and reduced taxes in most rich countries. But do these fiscal and monetary measures really increase economic activity or do they have other perverse effects?...  The politically favoured option of financial repression and negative real interest rates has important implications. Negative real interest rates are basically a thinly disguised tax on savers and a subsidy to profligate borrowers. By definition, taxes distort incentives and, as discussed earlier, discourage savings.... The current misconception that our economic salvation lies with more stimulus is both treacherous and self-defeating. As long as we continue down this path, the “solution” will continue to be the problem. There is no miracle cure to our current woes and recent proposals by central planners risk worsening the economic outlook for decades to come. , Guest Post: Moral Relativism And Patriotism As Weapons Of The State The first step toward liberty is to see through the masking fog the state engulfs itself in to carry out its deeds of conquest. Using reason to discover absolute truths is an essential part of determining how one should live their life in accordance with sound ethics.  Relativism denies this.  It can deny that evil is committed by the state and that reprehensible acts are perfectly okay when done by individuals with guns and badges.  All it takes to reverse such destructive thinking is the realization that state authority deserves no pass in moral scrutiny.  Withdrawing consent comes next on the path to a free society. , Former Defense Secretary Says US Will Probably Enforce "No Fly Zone", "Take Aggressive Action" Over Syria Three months to the election? Check. Which means war-mongering rhetoric, once considered a staple of the GOP, may very soon become action, first in Syria, and soon, everywhere else. From Bloomberg: "The U.S. and allied forces probably will impose a “no-fly zone” over Syria and take other “more aggressive action” against the Syrian regime, former Defense Secretary William Cohen said. While the U.S. has been leery of another military intervention after a decade of wars, “We’re coming to the point, however, where the violence is getting so severe, I think, that you’ll see a movement towards setting up those no- fly zones,” Cohen said on Bloomberg Television’s “Political Capital with Al Hunt” airing this weekend." Is war and immediate geopolitical escalation guaranteed? Not yet: "The former Pentagon chief and Maine senator, now chairman and chief executive officer of the Cohen Group consulting firm in Washington, said any U.S. military action would depend on participation and support from allies." Although desperate times, and by that we mean unfavorably trending popularity ranking, will certainly require desperate measures. Such as the continued massive build up of US naval assets in the middle east. , Presenting The Ultimate 'Muppet' Indicator Today's MANU fiasco tipped the scale on the dichotomy between the seeming exuberance that occurs on the stock exchange floors (and the incipient media attached to it) and the reality of what an IPO is and what exchanges do. Since the middle of last year - when the impossible was suddenly made possible by the US debt downgrade and markets realized that Keynesian arithmetic was an academic version of three-card-Monti - Bloomberg's IPO index has dramatically diverged in performance from the ever-exuberant S&P 500. This index of post-IPO performance sends an ominous signal. It must be clear by now that IPOs now occur when when MANAGEMENT want to cash out - simply put they are trying to maximize their gain. The divergence between new-money weakness and stuck-money strength highlights more than ever the Muppet-fleecing purpose of 'our markets'. , Credit Slumps, Equity Pumps, And Volume & Volatility Dumps , Referendum: Is Germany Preparing For The Nuclear Option? Two months ago, in the aftermath of the "surprising victory" for the Italian PM from the June 29 European summit, which the media mistakenly interpreted as successful for Monti and Rajoy, whose hijacking tactics merely led to even more European animosity and instability in a system that is beyond fragile (i.e., Europe), we proposed an entirely different explanation, namely that "Merkel's Surprising "Defeat" was Merely A Gambit For A German Referendum?" To wit: "it appears that events over the past week may have been merely a gambit for something that Schauble and Weidmann have already hinted at: a popular referendum that decides the fate of Europe once and for all, washing Merkel's hands and letting the people decide if they want the European experiment to continue or not." Turns out we were right. , The Broken Market Chronicles: 200% Of Man United's Float Will Trade In A 10 Cent Interval Today … we suspect the underwriters of the MANU IPO are 'pulling-a-facebook' and onboarding whatever they have to. There has now been 9.5 million shares bid at $14.00 (and none asked) - more than half the float alone! It seems increasingly self-evident that IPOs are simply weath transfer mechanisms - no win-win - and that the value-add from 'stock exchanges' is rapidly converging to zero. , Are You Better Off Than You Were Four Years Ago? The phrase "Are You Better Off Than You Were Four Years Ago?" and "It’s the Economy, Stupid" have become standards of American election discourse in recent decades. And seemingly for good reason. Although it is rare to unseat an incumbent, poor economic performance seems to play a role. We are less than four months away from the US Presidential election. Financial and economic developments have caused surprise political outcomes around the world from time to time.  UBS took a look back at the first terms of the nine presidents that preceded President Obama to determine if the performance of economic variables had any predictive power in determining the odds of re-election for a second term. The news is not good, from GDP growth to real disposable income, and from unemployment to the Misery Index, it seems the bailer-out-in-chief may just have an uphill battle. , Egan Jones Downgrades Goldman Sachs From A- To BBB+ , Californicated: From Facebook To Stockton And San Bernardino: How CalPERS Became A Golden State Worrier The last few weeks have not been fun for California. Facebook's face-plant removed a large part of the unbelievably 'expected' tax revenues for the state, Stockton BK'd, and now we find out that San Bernadino - the latest and greatest city to file for municipal bankruptcy (after a $46 million shortfall in its budget was irreconcilable). The reason it's a big deal - unfortunately the state's retirement fund - CalPERS - is the city's largest creditor by far with a wonderful $143.3 million exposure. This is more than half the entire debt load of $281.4 million of the Top 20 creditors alone! The deadline for creditors to challenge bankruptcy eligibility is September 21st and we suspect that until then, the comptrollers should be renamed the Golden State Worriers? What is ironic is the same unions that we suppose are fighting the city over cuts and forcing it to take such drastic action are likely to be entirely beholden to their pension benefits from the very same CalPERS which is about to take a sizable haircut.

Completely Surrounded By Psychopaths And Sociopaths As We Approach The Edge Of Societal Collapse

http://albertpeia.com/psycopathssociopathsamericasocietalcollapse.htm

{ Think about this! By wobama’s own criteria in his last total b***s*** campaign, he should be stepping down; having failed on all counts and then some. He also promised to cut the nation’s deficit in half by the end of his term; yet, he has increased the nation’s deficit by a record amount greater than all the presidents since Eisenhower COMBINED ($5 trillion). He has done this to help cover up his unequivocal failure by any standard by which you measure a presidency, including his own. People in america must show the Washingtonians they are not doormats! They must stand up and let these politicos know that results count; particularly promised results. Absent positive results as with unmitigated failure, choom-gang-banger wobama, they get the boot. President Romney deserves the 4 years he’ll have to turn this disaster called america around. If President Romney doesn’t cut the mustard in 4 years as promised, then he will be out. Results Count! I believe that people in the final analysis will choose self-respect; that is, choose NOT to be wobama’s doormat. Despite and contrary to wobama’s spin/propagandameisters’ desperate spin/outright falsity which addresses anything but wobama’s clear record of failure, President Romney is smart enough, flexible enough, and with a record of concrete results behind him as compared to wobama choom fantasy/b***s***, President Romney will be a hands-on President to the entire nation in the most positive sense. As such, I believe people will choose self-respect, reality, real results which will make President Romney’s election a substantial margin blowout victory!

Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … ) Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm }

8-9-12 Dave’s Daily: http://www.etfdigest.com ‘MARKET SUMMER BOREDOM CONTINUES 8-9-12 The good news from the U.S. today was Jobless Claims declined (361K vs 367 expected & prior revised higher to 367K allowing for a larger beat). That was about it for good news. The bad news was 127K were dropped from the rolls as their benefits have expired and, wait for it…the Bureau of Labor Statistics goofed releasing this news 12 hours before time. Fear not, the BLS is investigating and you can expect results of this breach in the distant future. More news included an increase in international trade ($-42.9B vs expected $-47.5B & prior revised to $-48B); the Bloomberg Consumer Comfort Index fell (-41.9 vs prior -39.7 probably due to rising energy & food costs) and, Wholesale Trade fell (-.2% vs .3% expected & prior revised to .0% from .3%). Taken as a whole the data wasn’t inspiring although some thought the trade data was suggestive of a small rebound in GDP.From overseas China Factory Production fell to a 3 year low; inflation increased 1.8% and Home Sales fell 14.5% and prices declined (gulp!) $71B. In the UK exports declined 4.9% which must be Olympic gear is staying home?The dollar (UUP) was higher and bonds (IEF) & (TLT) were weaker. Gold (GLD) barely budged and commodities (DBC) were higher led by grains (JJG).Other than this news markets remained motionless on light volume…’ , The Sobering Reality Of What Life Is Like In Reno, Nevada http://albertpeia.com/realityofdyinguscitieslikerenonv.htm , What the ECB Can Actually Do... Not Much Posted by: Phoenix Capital... So there is literally NO option that could save Europe at this point. We can get verbal interventions and symbolic gestures (such as Draghi's "bazooka" threat), but the fact of the... http://albertpeia.com/marketsshortsqueezeeurophorialunacy.htm , The Whack-A-Mole Algo Is Back ZerpHedge.com , Guest Post: Want More Tax Revenue? Increase Jobs Not Rates The Obama campaign has amplified its push on increasing taxes on the wealthy and has painted Mitt Romney as a Robin-hood in reverse saying that he wants to take from the poor and give to the rich.  The attack on Romney is incorrect as the real truth is that it is the current Administration that is failing, once again, to recognize that the problems facing the economy has nothing to do with the current tax rate structure.  It is election season, however…’ , Forget The Fiscal Cliff, Here Comes The Corporate Bond Maturity Wall , Your Complete Guide To The Coming Fiscal Cliff , Art Cashin On "The Folks Who Brought You 1.5% GDP and 8.3% Unemployment" , Wholesale Inventories Drop MoM First Time in 9 Months As we noted last night, inventory destocking is the great unknown as far as consensus expectations and the wholesale inventories data this morning just confirmed that this is a worrying trend. With the first drop MoM since September 2011 and dramatically missing expectations, inventories dropped 0.2% and perhaps more worryingly - given the drop in inventories - is the critical inventory-to-sales ratio has now risen two months in a row as clearly sales are dropping faster than companies were expecting. , Bloomberg Consumer Comfort Index Back At 'Severe Economic Discontent' Level , Insolvent US Postal Service Loses Whopping $5.2 Billion In Third Quarter, 70% Higher Than Year Ago , Disinformation: How It Works The best way to disarm disinformation agents is to know their methods inside and out. This gives us the ability to point out exactly what they are doing in detail the moment they try to do it. Immediately exposing a disinformation tactic as it is being used is highly destructive to the person utilizing it. It makes them look foolish, dishonest and weak for even making the attempt. Internet trolls most especially do not know how to handle their methods being deconstructed right in front of their eyes and usually fold and run from debate when it occurs. The truth is precious. It is sad that there are so many in our society who have lost respect for it; people who have traded in their conscience and their soul for temporary financial comfort while sacrificing the stability and balance of the rest of the country in the process. Disinformation does not only threaten our insight into the workings of our world; it makes us vulnerable to fear, misunderstanding, and doubt: all things that lead to destruction. It can drive good people to commit terrible atrocities against others, or even against themselves. Without a concerted and organized effort to diffuse mass-produced lies, the future will look bleak indeed.

America’s Great 2012 Drought Posted by : George Washington Post date: 08/09/2012 - 14:49 As Bad as During the 1930s Dust Bowl?

What the ECB Can Actually Do... Not Much Posted by: Phoenix Capital... Post date: 08/09/2012 - 12:52 So there is literally NO option that could save Europe at this point. We can get verbal interventions and symbolic gestures (such as Draghi's "bazooka" threat), but the fact of the... http://albertpeia.com/marketsshortsqueezeeurophorialunacy.htm

Chautauqua Notes | Ethical Challenges of Finally Fixing the Financial Crisis: Fair Deals vs. New Deals Posted by : rcwhalen Post date: 08/09/2012 - 07:48 From the perspective of ethics, the fiscal profligacy of the US government and related behavior in the private sector is the cause of the financial crisis

Greece Prints Euros To Stay Afloat, The ECB Approves, The Bundesbank Nods: No One Wants To Get Blamed For Kicking Greece Out Posted by: testosteronepit Post date: 08/08/2012 - 20:15 Who the heck turned off the spigot in the first place?

Fed and Treasury Irate at NY Bank Regulator's Vulgar Display of Public Diligence with Standard Chartered Posted by: ilene Post date: 08/08/2012 - 16:27 Only the little people are meant to suffer for their country.

U.S. Postal Service loses $5.2 billion, warns of low cash

Reuters | “…the service projects a net loss of about $15 billion for the fiscal year…”

More Than 100 Million Americans Are On Welfare

American Dream | There are more Americans dependent on the federal government than ever before in U.S. history.

The Rot at The Top with Gerald Celente

Infowars.com | The Trends Research Institute analyzes world- shaping events and forecasts tomorrows trends.

North Korea Is Thought To Be Sitting On $6 Trillion Worth Of Rare Minerals

Business Insider | Anyone following North Korean press may have noticed the country seems to be indulging in some sort of construction boom recently.

Greece’s Unemployment Rate Just Got Even More Horrifying

Business Insider | Greece’s unemployment rate climbed to 23.1 percent in May, up from 22.6 percent in April.

8-8-12 One Last Breadth: 3 Reasons to Not Trust this Market By Chad Karnes ETFguide , Dave’s Daily: http://www.etfdigest.com ‘THE DEATH OF VOLUME 8-8-12 … We’re on the downside of the earnings news cycle and while many reports have beaten estimates those were much reduced. Further revenues and guidance have been weak overall. Bond (IEF) investors didn’t seem to like the 10-year Treasury auction which saw yields rise dramatically from 1.45% just a month ago to 1.68% Wednesday. , France to slide into recession says central bank France's central bank expects the country to slip into recession in the third quarter with many EU countries already in recession in the wake of the debt crisis. , Top Obama watchdog: America's 'pretty f**ked' If you are looking for opinions on the current state of the country, former TARP Inspector General Neil Barofsky is opening up about what he thinks of America. And, if you ask him, the whole nation might be pretty damn f**ked. , More Than 100 Million Americans Are On Welfare http://albertpeia.com/morethan100millionamericansonwelfare.htm , Knight's Berserk Algo Bought $2.6 Million Worth Of Stock Every Second ZeroHedge.com , Bernanke Just Assured That The Student Loan Bubble Will Be The Next "Financial Stability Issue" "At this juncture . . . the impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained" - Ben Bernanke, March 28, 2007 "I don’t think student loans are a financial stability issue to the same extent that, say, mortgage debt was in the last crisis because most of it is held not by financial institutions but by the federal government" - Ben Bernanke, August 7, 2012 Please mark your calendars accordingly as yesterday the Chairman just guaranteed that student loans will be cause for the next "financial stability issue." , From Occupying Wall Street To "Dying For Work"? ‘…is this merely a foreshadowing of things to come in a country in which class warfare has never been as violent, and in which the divide between the haves and the have nots has never been as wide? And what happens when the next such stunt is a real person? More importantly, what happens if a depressed jobless person takes their life but first takes out some of those he thinks are responsible for his plight - say Wall Streeters? , Rosenberg On The Pending Trade Shock And Q4's 0% GDP Growth , Confused Why So Many Foreign Banks Are Suddenly Being Charged By The US? Here's Why It's very simple really. Please point out where on the below list of Top 20 contributors to a randomly selected US politician, in this case New York's Chuck Schumer, can one find Standard Chartered, Barclays, or HSBC? , Guest Post: Another Example Of Why Central Planning Is A Bad Idea The government’s central planning of Olympic ticketing has been a complete failure, perhaps best evidenced by the THOUSANDS of empty seats at many of the events.  The government has managed to monopolize an entire industry and screw it up with Soviet-level inefficiency… then make it a criminal offense for the private sector to fix it. This is typical of how a government operates. They take a very cavalier attitude because they don’t care about results, they only care about maintaining control. As a result, they run their operations based on the premise that people really have no choice. With regard to Olympic ticketing, this is mostly true. My choice was either to go through the system legitimately (albeit painfully), deal with some dodgy backroom ticket broker at three times the price, or just watch it on television. , Three Reasons Why "Financial Repression" Is Doomed To Failure , Volumeless Equities Limp Along As Risky Debt Rolls Over For Fourth Day , Elliott Management: We Make This Recommendation To Our Friends: If You Own US Debt Sell It Now , Be Careful What QE You Wish For #2467: Gas Prices Surging Again , Guest Post: QE Forever And Ever? The lunatics are running the asylum. This is the only conclusion one can come to when considering the nonchalance with which what was once considered an extraordinary policy with a firm 'exit' in mind is now propagated as a perfectly normal 'tool' to be employed at the drop of a hat. We refer of course to so-called 'quantitative easing' (QE), which really is a euphemism for money printing. Apart from his sole focus on short term outcomes, an important point that seems not be considered by the FOMC's Rosengren this week is the question of what should happen if the 'open-ended' QE policy were to fail to achieve its stated goals. He seems to assume that it will succeed in lowering unemployment and creating 'economic growth' as a matter of course. It goes without saying that money printing cannot create a single molecule of real wealth. If it could, then Zimbabwe wouldn't be a basket case, but a Utopia of riches. We must infer from Rosengren's idea of implementing open-ended QE until  certain benchmarks in terms of unemployment and 'growth' are achieved, that in case they remain elusive, extraordinary rates of money printing would simply continue until the underlying monetary system breaks down.

8-7-12 Dave’s Daily: http://www.etfdigest.com ‘THE EUROZONE WILL ERUPT AGAIN 8-7-12 There was news from overseas as German Factory Orders fell 1.7% vs .8% expected and Italy reported its fourth consecutive month of economic contraction. No worries, printing money will take care of it. Meanwhile the Swiss are struggling to maintain the franc’s peg to the euro at 120. As a result of interventions the SNB has accumulated $490B in forex reserves. Somehow they’ll have to find a way to unload this but that’s “down the road” so no worries. Finally Spain states it will refuse a bailout if there are more conditions so beggars can be choosers?Bulls are struggling to explain stock market rallies to the media…’ , 14 Questions People Ask About How To Prepare For The Collapse Of The Economy http://albertpeia.com/preparingforcollapseofeconomy.htm , Europe Is Not a Matter of Opinion… It’s a Matter of Math http://albertpeia.com/eumathinsolvency.htm , And You Thought Q2 Earnings Were Bad? ZeroHedge.com , A Primer To Intraday Market Moves While we have looked in the past at the incredible dominance of FOMC days when it comes to stock market performance, recent intraday performance of the major equity indices has had a somewhat repetitive and rhythmic structure. We know volumes surge, pause, and surge; Tradestation has dug one step deeper into the actual performance structure intraday and found some fascinating trends. From the extremely clear final-hour ramp to the oscillating bull-bear opening moves (and the European close positive bias) across almost 30 years of price behavior in bull and bear markets. The afternoons dominate market performance in bull markets and the morning session dominates the weakness in bear markets - so fade the opening rally, buy the dip, cover half into Europe, hope into the close appears the 'empirical route of least resistance' - for now…’ , Guest Post: US Midwest Hit By Perfect Gasoline Storm , Consumer Credit Misses As Revolving Credit Has Biggest Contraction Since April 2011 , Guest Post: Has The Perfect Moment To Kill The Dollar Arrived? , On Wall Street Crime Pays - A 350% IRR To Be Exact Previously we showed that when it comes to Wall Street's returns, the 8% market return benchmark that every first year analyst finds in Ibbotson's is for naive amateurs. With corporate lobbying returning anywhere between 5,900% and 77,500%, the real money is to be made in the buying and selling of politicians. Yet in our day and age, when information propagates rapidly and when political muppets can be exposed for the Wall Street purchased frauds they are, lobbying is getting increasingly more complicated. Which leaves one other high returning "investment", which unlike lobbying is completely riskless when one is a Wall Street firm: crime. But not just any crime, the type of crime where a firm settles "without admitting or denying guilt" and in the process is slapped with a fine that barely covers the government's legal fees. Case in point: U.S. v. Morgan Stanley, U.S. District Court, Southern District of New York Case #11-6875, where MS was punished with the epic disgorgement penalty of $4.8 million. Of course, the fact that Morgan Stanley, who did not admit wrongdoing, generated profits of $21.6 million, is merely a triviality. But a useful one: it allows to calculate that on Wall Street crime does pay, and the IRR is in give or take 350%. , Guest Post: US Government Proposes Law Making It Illegal For Them To Kill You Last Friday, US Congressman Dennis Kucinich introduced HR 6357, a bill which aims to ‘prohibit the extrajudicial killing of United States citizens’ by the federal government. In other words, in the Land of the Free, they need to pass a law to prevent the government from indiscriminately murdering its own citizens. Now if this doesn’t give one reason to pause and consider the distortions of liberty that have taken place in western civilization, I don’t know what will. Ask yourself, are you really living in a free society? Are you free? If not, why not? What else could possibly be more important? It takes courage to answer honestly. , Gold And Grand Theft Economics The tectonic battle between a market trying to deflate its debts and the central banks attempting to reflate the impaired assets to maintain the status quo is becoming increasingly violent. In a brief clip, Santiago Capital's Brent Johnson explains the fallacy of fiat money, the dynamics of the velocity of money in a 'troubled' economy, the 'we are going to give the banks a lot of money' plans, and the inevitable 'there's no more money' moment when the inflationary and deflationary tremors come unstuck and become shock-waves. There will be no warning, no bell-ringing at the onset of the end of the monetary system itself as he notes the slate of Stability & Growth Pacts (EU) and The Recovery and Reinvestment Act (US) will inevitably be seen as the greatest unauthorized transfer of wealth in history - and being exposed to gold stored outside of the banking system, there is a protected route as the world staggers from tremor to tremor. , Guest Post: A Matter Of Trust - Part Two Putting our trust and faith in a few unelected bureaucrats and bankers, who use their obscene wealth to buy off politicians in writing the laws and regulations to favor them has proven to be a death knell for our country. The captured main stream media proclaims these men to be heroes and saviors of the world, when they are truly the villains in this episode. These are the men who unleashed the frenzy of Wall Street greed and pillaging by repealing Glass Steagall, blocking Brooksley Born’s efforts to regulate derivatives, encouraging mortgage fraud, not enforcing existing regulations, and creating speculative bubbles through excessively low interest rates and making it known they would bailout recklessness. They have created an overly complex tangled financial system so they could peddle propaganda to the math challenged American public without fear of being caught in their web of lies. Big government, big banks and big legislation like Dodd/Frank and Obamacare are designed to benefit the few at the expense of the many. The system has been captured by a plutocracy of self-serving men. They don’t care about you or your children. We are only given 80 years, or so, on this earth and our purpose should be to sustain our economic and political system in a balanced way, so our children and their children have a chance at a decent life. Do you trust that is the purpose of those in power today? Should we trust the jackals and grifters who got us into this mess, to get us out?   

Notable quotable (Short & Sweet)

Posted on August 7, 2012 by USAGOLD

“The cult of equity is dying. Like a once bright green aspen turning to subtle shades of yellow then red in the Colorado fall, investors’ impressions of ‘stocks for the long run’ or any run have mellowed as well. I ‘tweeted’ last month that the souring attitude might be a generational thing: ‘Boomers can’t take risk. Gen X and Y believe in Facebook but not its stock. Gen Z has no money.’” And. . . .“Unfair though it may be, an investor should continue to expect an attempted inflationary solution in almost all developed economies over the next few years and even decades. Financial repression, QEs of all sorts and sizes, and even negative nominal interest rates now experienced in Switzerland and five other Euroland countries may dominate the timescape. The cult of equity may be dying, but the cult of inflation may only have just begun.”

Bill Gross, Pimco

Notable quotable (Short & Sweet)

Posted on August 7, 2012 by USAGOLD

“Gold appears to be enjoying increasing popularity again. There would appear to be brisk buying interest on the market below [$1600]…which should provide the price with a safety net.”

Commerzbank’s Commodities Daily

Notable quotable (Short & Sweet)

Posted on August 7, 2012 by USAGOLD

“2008 wasn’t the real crash. The real crash is coming.”

Peter Schiff

Slaves to The Banksters

Infowars | Alex discusses the bankster takeover of society.

Economic Warfare: Iran Signals Currency Devaluation

Kurt Nimmo | The United States has waged economic war against Iran since the late 1970s.

Crazy Details About The Bank That’s Been Accused Of Transferring $250 Billion To Iran

Business Insider | U.K. investment bank Standard Chartered could be suspended from operating in New York.

Germany Infuriated By ‘Fourth Reich’ Headline In Berlusconi Newspaper

London Guardian | German politicians have reacted furiously to a front page in the Italian daily Il Giornale.

Europe’s Beggars: Bluffing Their Way To Unity And Propserity Via Hijacking And Extortion

Zero Hedge | What we expected to happen is precisely what did happen.

8-6-12 Dead Crops, Extreme Drought And Endless Wildfires Are Now The New Normal In America
http://albertpeia.com/deadcropsdroughtwildfiresnewusnormal.htm

Guest Post: TBTF Banks Laughing All The Way Home Thanks To HARP ZeroHedge.com , Europe's Beggars: Bluffing Their Way To Unity And Propserity Via Hijacking And Extortion Ten days ago, when predicting what may and likely will be the outcome of the August ECB announcement, we said that it is virtually certain that it will follow in the trailblazing footsteps of what Mario Monti did at the June 29th meeting. To wit: "The bottom line here is that Draghi most likely pulled a Mario Monti (and his hanger on Mariano Rajoy), and spoke up before pre-clearing with Buba's Weidmann. Draghi thinks that, like Monti with Merkel at the June 29 summit, he can bluff the Bundesbank into submission, and Germany will agree to monetization, especially if markets have risen enough where nothing out of the ECB next week leads to a market plunge. The problem is that as we patiently explained, Monti got absolutely no concessions our of Merkel, as was seen in the bond yields of Spain after the June 29 summit." Sure enough, the market soared in the days after June 29 as well, giddy with optimism that Germany would never settle for being bullied publicly and had implicitly agreed with the Monti and Rajoy. Euphoria promptly turned to despair as it became quickly clear that Monti had bluffed without preclearing with Merkel and Buba. Fast forward one month, and what we expected to happen is precisely what did happen. , Chevron's Largest California Refinery "Immediate-Extreme-Health-Hazard" Fire Emergency , Another Market Breaks - Tokyo Stock Exchange Halts Derivative Trades , Guest Post: (Economic) Drivers, (QE) Drive By's And Dives , JPM Refuses To Comply With Broad PFG Subpoena , Quarto Reich: Italy Goes "There" Again , Explaining The Knightmare , Inside America's Economic Machine - An Infographic Every now and then, US taxpayer money goes for something useful and surprisingly informative. Such as this infographic from the US Census Bureau deconstructing the "American Economic Machine" or at least justifies its generally accepted popular representation in the aftermath of the recently concluded Census. The graphic cites facts dealing with manufacturing, services, retail trade, construction, government and much more as seen through the numerous economic programs and surveys conducted by the Census Bureau. And while entertaining, we urge readers to remember that there is no such thing as a free lunch, and that the American "economic machine" is merely the culmination of a global financial system that is full to the gills with credit money to the tune of $707 trillion as shown in this infographic previously… central planners who day after day steal from the future to preserve today's house of cards. We are not very hopeful. , Frontrunning: August 6

Submitted by Tyler Durden on 08/06/2012

Monti Warns of Euro Breakup as Tussle Over Spain Aid Hardens (Businessweek)

Italy doesn't need German cash, Monti tells Germans (Reuters) - at least we know who needs whose cash...

Spain has time to Wait for Clarity on EU Aid -Econ Min (Reuters) - which came first: the Spanish bailout request or the denial to need a Bailout request? Ask the Spanish 2 year...

Bundesbank Weidmann’s opposition to a proposed new wave of ECB bond purchases has support of Merkel’s CDU - Volker Kauder

China media tell U.S. to "shut up" over South China Sea tensions (Reuters)

Top Chinese Leaders Gather in Annual Summer Conclave (WSJ)

Greece Agrees With Troika on Need to Strengthen Policy (Bloomberg)

Coeure Says ECB Should Look at Getting Loans Into Real Economy (Bloomberg)

Italy Central Banker Sees Potential Rate Cut as Euro Economy Slows (WSJ)

A Dose of Dr. Draghi's 'Whatever It Takes' (WSJ)

Greek bank head sent savings abroad (FT)

Why Europe Matters… And How Spain Could Wipe Out Your 401(k) Posted by : Phoenix Capital... Post date: 08/06/2012 – http://albertpeia.com/eumatterswipeoutyour401k.htm In simple terms Europe is a HUGE deal for everyone. We’re not talking about some distant region far off in the distance that we will watch go down from our decks. We’re talking...

Obama Is Using The Curiosity Landing To Push Government Spending

Business Insider | President Barack Obama congratulated NASA on its successful mission to send a robotic rover to Mars tonight, calling the landing of the Curiosity an “unprecedented feat of technology.” { Riiiiight! ….. Geeeh! And here, I already thought they’ve already done that … and, it’s so helped america’s fiscal and economic position in the solar system! } { MISSIONS TO MARS TIMELINE: 1992 to 2004

September 25, 1992 - Mars Observer launched. Spacecraft designed to map the martian surface from orbit with a large, sophisticated science payload.

August, 1993 - contact lost with Mars Observer.

1995 - NASA selects Mars Polar Lander for 1999 launch.

1996 - Athena Mars Rover mission proposed (unsuccessfully) to NASA Discovery Program for launch in 2002.

November 7, 1996 - Mars Global Surveyor launched.

November 16, 1996 - Russian Mars '96 orbiter/landers launched.

November 17, 1996 - Mars '96 fails to achieve insertion into Mars cruise trajectory and re-enters the Earth's atmosphere.

December 4, 1996 - Mars Pathfinder launched.

July 4, 1997 - Mars Pathfinder lands on Mars and begins a successful mission.

September 11, 1997 - Mars Global Surveyor arrives at Mars and begins a successful mission that continues today.

September 27, 1997 - last successful data transmission from Mars Pathfinder

November, 1997 - Athena Mars Rover Payload selected for launch in 2001.

Spring, 1998 - NASA and JPL announce that due to engineering problems and funding shortages in the Mars program, launch of the Athena Mars Rover Payload will be delayed until 2003, with landing in 2004. Instead, NASA will send a stationary lander (similar to the Mars Polar Lander) to Mars in 2001. Four Athena instruments would be flown on this lander as a precursor to the full Athena investigation in 2003.

July 3, 1998 - Nozomi, Japanese Mars orbiter launched.

December 11, 1998 - Mars Climate Orbiter launched.

December 21, 1998 - course correction burns leave Nozomi with less fuel than expected. The orbiter is to remain in heliocentric orbit for five years.

January 3, 1999 - Mars Polar Lander launched.

September, 1999 - Mars Climate Orbiter spacecraft fails to achieve orbit due to a navigation error.

December 3, 1999 - Mars Polar Lander fails, apparently due to a software error.

May, 2000 - Mars 2001 Lander mission, which would have used a lander similar to Mars Polar Lander, cancelled by NASA. Mars program undergoes a major restructuring.

July, 2000 - NASA selects the Mars Exploration Rover mission for flight in 2003. The mission will send a large rover to Mars carrying the Athena Mars Rover Payload, and will use the same landing system that was used successfully by Mars Pathfinder.

August, 2000 - NASA announces that two identical rovers will be flown in 2003, each carrying identical copies of the Athena payload.

April 7, 2001 - Mars Odyssey orbiter launched; will aid in landing site selection for MER and relay data from Athena instruments.

June 2, 2003 - The European Space Agency's Mars Express Orbiter and Beagle 2 Lander launched from Baikonur, Kazakhstan.

June 10, 2003 - The MER-A rover called Spirit is launched from Cape Canaveral, Florida.

July 7, 2003 - The MER-B rover called Opportunity is launched from Cape Canaveral, Florida.

December 9, 2003 - Nozomi mission abandoned due to lack of fuel and a damaged electrical system.

December 26, 2003 - Mars Express arrives at Mars.

January 3, 2004 - The Mars rover Spirit lands.

January 25, 2004 - The Mars rover Opportunity lands.

January, 2004-present - The rovers Spirit and Opportunity operate on the martian surface. }

8-03-12 Dave’s Daily: http://www.etfdigest.com ‘BULLS JUMP ON EMPLOYMENT DATA’ 8-3-12 [ { Dave’s Daily Summary with pics/charts – Dave is always worth a look; a bit too bullish methinks, but somewhat realistic in light of the preposterous churn-and-earn frauds/’valuations’, which folly has gone global and will end quite badly! http://albertpeia.com/davesummary8312.htm } Then there’s: { AP: Preposterous beyond words! In a nutshell: lunatics here on wall street and abroad are indeed affected by this full moon in a very big way! } ] ‘The Employment report was better than expected (163K jobs vs 100K expected but prior revised lower to 64K from 80K). Inside the numbers the unemployment rate rose to 8.3% and it was estimated 195K people dropped from rolls meaning the so-called U-6 rate jumped to 15%. But algos chose to focus on the headline number driving stock prices higher for another end-of-week “stick save” which we’ve seen before.Perhaps not so much in the headlines was a unique reevaluation of Draghi’s comments from Thursday as noted by Bloomberg whereby it was suggested he was just laying the framework for a bargain. Further another late article from Bloomberg noted some inferred weakening within the German ranks which might be more supportive of Draghi’s efforts. And, this article points to a split perhaps from the Bundesbank and politicians—always a potential problem for the bank’s autonomy. Meanwhile economic data from the eurozone continued to decline with the PMI descending to 46.5 and the UK PMI (51) the lowest in 2 years.Also of note was the first repo liquidity injection from the Fed to Primary Dealer’s (banks) since December 2008. This was a small amount ($200M) but showed the Fed working in a more subtle fashion to lubricate trading desks.Stocks were higher across the board and intra-market correlations were running almost at 100% allowing for little in the way of diversification. Everything rallied today except natural gas (UNG), bonds (IEF) and the dollar (UUP) and that’s the easiest way to sum things up.Now you might think from our comments we’re bearish but we’re 60% long equities in our active portfolio with the balance in cash. Sure, on days like this we’d like greater exposure but you wouldn’t have said that the prior 4 days. The bottom line is you can be a skeptic while remaining systematic. Staying with longer term tech analytics (weekly & even monthly) avoids a lot of the daily noise despite emotions. So when markets rally when news overall and fund flows are this terrible that must be bullish or just another bout of short-covering.We’re seeing markets (see SPY chart below) that very much resemble similar periods to 2010 & 2011. Those markets featured significant two-way action which made for poor trend-following conditions for short-term investors. This is now enhanced by the presence of HFTs and algos and a good explanation of how these work which also makes it more appropriate to step away from shorter-term chart views.Despite Friday’s good market action we still face trouble in the eurozone and with global economic contraction not solved by one data point or rumors and spin. Now we add elections and accompanying uncertainty to the mix.Volume on Friday was light with most of it coming in the last 20 minutes on ETFs squaring up positions. Breadth per the WSJ was positive but seemed short of a 90/10 day…’ , Lest you think we’ve turned the corner. . . . Posted on August 3, 2012 by MK It’s Friday. And if its Friday, the FDIC announces another bank failure. In this case the 40th bank failure this year. At that rate about six per month. (But who’s counting?) Waukegan Savings Bank of Waukegan, Illinois. . . . Continue reading → … , The Bernanke Put is a Lie By gpc1981 http://albertpeia.com/bernankeputalie.htm , The Employment Rate In The United States Is Lower Than It Was During The Last Recession http://albertpeia.com/usemploymentratelowerthanlastrecession.htm , Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … ) Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm [ the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’] } obama-"If we confront this crisis without also confronting the deficits that helped cause it, we risk sinking into another crisis down the road as our interest payments rise, our obligations come due, confidence in our economy erodes and our children and grandchildren are unable to pursue their dreams because they are saddled with our debts. That's why today I am pledging to cut the deficit we inherited by half by the end of my first term in office... That means taking responsibility right now in this administration, for getting our spending under control." , EUR Shorts Collapse By 35% In Two Months, Down 10% In One Week , Europe's Largest Insurer Allianz Not Amused That Central Banks Are Involved In Liborgate , Treasury Selling Another $4.5 Billion In AIG Stock, AIG To Buy $3 Billion Of Offering ‘…Bottom line: another $1.5 billion in AIG shares are about to hit the market. Of course, in this broken market this will be seen as bullish. At least initially. Then the selloff. , Interview With A High-Frequency Trader , Here's Hilsenrath: The Door Is Still Open For The Fed To "Help The Economy" { A little more help like they’ve already done, at this rate, beyond the inevitable crash, there’ll be but a fallen nation of taxpaying serfs supporting the fiefdom and opulent lifestyles of fraudulent wall street et als. } One didn't think that an economic event could come and go without some commentary from the WSJ's resident "Fed mouthpiece-cum-economist" who has rapidly become a caricature of himself, and is solely known for his heretofore programmed leaks of Fed policy, which tended to work until it didn't. In a normal day when newsflow or fundamentals actually mattered, we would focus on far more important things. However, since we are caught in the manic phase of the market's daily bipolar gyrations, and nothing can make a dent in sentiment at least until Monday when the market suddenly decides it was 100% wrong in its re-interpretation of Draghi's comments (last we checked there is still no press release from the Bundesbank saying it has agreed to any bond buying, let along short-dated) and decides to plunge all over again, here is Jon with more propaganda that today's NFP beat, which is still well below the 200+ needed to maintain the declining unemployment rate trendline, means nothing for the Fed.

S&P Downgrades 15 Italian Financial Institutions, Says Country Faces Deeper Recession Than Previously Thought

Submitted by Tyler Durden on 08/03/2012

It is late in the afternoon on a Friday, which means one thing: it is time to dump all left over bad news under the rug. Sure enough, here comes S&P. From Bloomberg:

S&P CUTS RATINGS ON 15 ITALIAN FINL INSTITUTIONS

S&P TAKES RATING ACTIONS ON 32 ITALIAN FINL INSTITUTIONS

BANCA MONTE DEI PASCHI DI SIENA SPA CUT TO BBB-/NEGATIVE/A-3

BANCA POPOLARE DI MILANO SCRL CUT TO BB+/NEGATIVE/B BY S&P

S&P SAYS ITALY FACES POTENTIAL DEEPER RECESSION THAN IT THOUGHT

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8-02-12 Dave’s Daily: http://www.etfdigest.com ‘DRAGHI DROPS THE BATON 8-2-12 European Central Bank chief Mario Draghi could not back up his bold statements from last week with specific action. He could only say the ECB “may” through its mandate buy eurozone bonds. Basically this means he backed the Germans into a corner and they didn’t blink. His credibility has taken a major hit and Spanish bond yields once again headed for 7%. For markets it’s been two days and back to back central bank disappointments with the ECB taking a large toll on bulls. And to top things off, Friday is the Employment Report which is sure to cause volatility in either direction.In more pedestrian news, Jobless Claims rose (365K vs 370K expected & prior revised higher to 357K); Factory Orders fell (-.5% vs .7% expected & prior .7%); and, Bloomberg’s Consumer Comfort Index fell again (-39.7 vs prior -38.5).Last night China signaled it would elevate to stabilize (weird choice of words) economic growth which is noted in this press release from Xinhua News Agency. Stocks there fell.Stock markets took the news from the ECB hard. A late day rally (see SPY 2:15 PM Buy Program Express) lifted stocks off their lows led mostly by technology (XLK) and more Apple (AAPL) split chatter. Do you really think equity markets overall can be durably supported by one stock and infinite central bank QE?Bonds (IEF) were somewhat stronger in price; the dollar (UUP) was higher; gold (GLD) lower; and, commodities (DBC) weaker.Volume was the highest of the week thus far and breadth per the WSJ was negative…’ , Spain And Italy Are Toast …Euros http://albertpeia.com/spainitalytoastnomatterwhat.htm , The Fed's Gold Is Being Audited... By The US Treasury ZeroHedge.com Tyler Durden When we started reading the LA Times article reporting that "the federal government has quietly been completing an audit of U.S. gold stored at the New York Fed" we couldn't help but wonder when the gotcha moment would appear. It was about 15 paragraphs in that we stumbled upon what we were waiting for: "The process involved about half a dozen employees of the Mint, the Treasury inspector general's office and the New York Fed. It was monitored by employees of the Government Accountability Office, Congress' investigative arm." In other words the Fed's gold is being audited... by the Treasury. Now our history may be a little rusty, but as far as we can remember, the last time the Fed was actually independent of the Treasury then-president Harry Truman fired not one but two Fed Chairmen including both Thomas McCabe as well as the man after whom the Fed's current residence is named: Marriner Eccles, culminating with the Fed-Treasury "Accord" of March 3, 1951 which effectively fused the two entities into one - a quasi independent branch of the US government, which would do the bidding of its "political", who in turn has always been merely a proxy for wherever the money came from (historically, and primarily, from Wall Street), which can pretend it is a "private bank" yet which is entirely subjugated to the crony interests funding US politicians (more on that below). But in a nutshell, the irony of the Treasury auditing the fed is like asking Libor Trade A to confirm that Libor Trader B was not only "fixing" the Libor rate correctly and accurately, but that there is no champagne involved for anyone who could misrepresent it the best within the cabal of manipulation in which the Nash Equilibrium was for everyone to commit fraud. , Of Beggars, Choosers, Unemployment, And Bailouts In Europe The problems of a group of 17 different economies that are growing further apart - all functioning under the same currency - will not be solved by any actions taken by the ECB" is how Stratfor's Adriano Bosoni describes the can-kicking that has once again become the euro-zone this summer. From the systemically rising and drastically desperate unemployment rates around the Southern nations… , Why Mega Banks Are The Modern Cocaine Cowboys In today's episode of blast from the past, Bloomberg's Jonathan Weil takes us on a time journey, which presents the Too Big To Fail bank problem from a different perspective: that of the Cocaine Cowboy roaming the streets of Miami in the late 1970s and early 1980s. Just like today's big banks they were untouchable; just like today's banks they were collaborating and existing in perfect symbiosis with the Federal Reserve; just like today the Cocaine Cowboys existed in an untouchable vacuum courtesy of endless bribes to the local law enforcement and judicial officials, and just like today, the TBTF institution du jour isn't "merely an economic problem. It is a great moral failing of our society that poisons our democracy." Back then, Ronald Reagan stepped in just when Miami (whose real estate market had soared in 1979-1981 courtesy of rampant crime and money laundering: hint hint NAR anti money-laundering exemptions) was about to be overrun, forming a task force that in the nick of time restored law and order. Today we are not that lucky, as there is not a single politican willing to risk it all just to eradicate the modern version of a classic scourge: only this time they don't hand out 8 balls; they give away 0% introductory APR cards and 3 Year NINJA Adjustable Rate Mortgages. Both however get you hooked for life: either on drugs or on debt. Will someone step up this time and form a task force to eliminate the second coming of the Cocaine Cowboy? Sadly, we don't think so. At least not until the next great crash happens. , Knight Considering Bankruptcy, Looking At 363 Asset Sale , US Export Orders Are Collapsing , Will Penson Cash Vaporize Gentle Into That Good Knight? , The Thin Blue Line Between Hopium And Reality If there was one unique datapoint that confirms beyond a reasonable doubt the perpetual upside bias of "analysts" and other snake oil salesmen (after all, one is far more likely to buy the stuff another is selling if one has a smile on his face, a wink in the eye, and is optimistically inclined, even if that optimism is completely unfounded), it is the following chart from UBS which shows the progression of consensus bottom-up EPS growth estimates for Europe: "consensus estimates for 2012 EPS growth have fallen from double digits at the end of last year to 0.7% currently." Observe the straight thin blue line below: it begins in the land of Hopium, and ends in Reality. , Only 24.6 Percent Of All Jobs In The United States Are Good Jobs http://albertpeia.com/only24percentusjobsgood.htm

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8-01-12 Dave’s Daily: http://www.etfdigest.com ‘BERNANKE PASSES THE BATON TO DRAGHI 8-1-12 There was the usual amount of elevated tension before the Fed announcement but they changed and offered very little to investors. Instead, they kicked things over to the ECB which will dominate headlines Thursday. The ECB’s challenge is to match talk with action. Getting the Germans to go along with Draghi’s bold statements will be the challenge. Once again strong talk must be matched by actions.Now the “tape” tension shifts to the ECB and we should know more about that on Thursday midday.ADP data showed new private jobs rising (163K vs 120K expected & prior 176K); PMI Manufacturing fell (51.4 vs 52.5 prior); important ISM Manufacturing showed economic contraction for the second month in a row (49.8 vs 50.2 expected & prior 49.7); and, Construction Spending increased less (.4% vs .5% expected & prior .9%).China’s official PMI fell to the lowest level since November 2011 and for the third consecutive month (50.1 vs 50.2 prior). Most view this as a temporary decline or even attribute it to seasonal factors. But if you read anything by hedge fund guru Jim Chanos you might see things in a much different way.Even more interesting Wednesday was the HFT algo mishaps that befell trading particularly at Knight Capital which struggled with an avalanche of misplaced orders and high volume. ETFs like the Market Vectors Gold Miners ETF (GDX) and Direxion Shares leveraged Gold Miners ETF (NUGT) saw incredible volume spikes. The NYSE has a love affair with HFTs providing volume not to mention trade rebates nevertheless insists it will “look into the matter”. Knight Capital has announced its “trade cancelation band” at 30%. The NYSE has ruled only 6 stocks will feature canceled trades.The “flash crash” was 20%. This is the danger of leaving Good til Canceled (GTC) trailing stops and thinking you’re protected. Nevertheless this type of activity is what drives more investors away from markets. http://albertpeia.com/davescharts8112.jpg http://albertpeia.com/davescharts8113.jpg Stocks reacted to all of this with some initial selling, some buying and later with a selling shrug as the burden is now with the ECB. The dollar (UUP) was higher after the Fed announcement; gold (GLD) remained weaker; oil (USO) was higher on inventory data; commodities (DBC) were slightly higher helped by energy; bonds (IEF) were slightly weaker. Volume was rather light with most of it coming after the Fed’s announcement. Breadth per the WSJ was negative overall. (With the baton handed to the ECB this puts us with another shorter commentary. I may not write a full report until Friday after the employment report.)…’ , Angela Merkel Will NOT Lose Germany’s AAA Status Before Her Re-election Let’s Stop Kidding Ourselves and Look at the REAL Math Behind Spain http://albertpeia.com/merkelholdsspainfolds.htm , Mainstream Reporter Tells The Truth About Audit The Fed And The Creation Of The Federal Reserve http://albertpeia.com/truthaboutauditfedandfedcreation.htm , This Is What Happens When An HFT Algo Goes Totally Berserk And Serves Knight Capital With The Bill ZeroHedge.com Tyler Durden We all know something went horribly wrong in various NYSE-traded stocks today between 9:30 am and 10:15 am. So wrong in fact that the NYSE had to step in and cancel numerous trades in 6 symbols. However it did not DK millions of other trades in 134 other symbols, the vast majority of which we assume traded errantly due to the market making of Knight Capital (as admitted by the company), which today saw its biggest drop ever since going public on volume about 60 times greater than its average. We also all know that one should buy low and sell high. At least that is what human traders are taught, and that is what they attempt. Because if one consistently does the opposite, one will simply run out of money. Well, the opposite is precisely what the berserk algo in Knight's Market Making group may have done if Nanex, which has done a forensic analysis of one of the trades in question, is correct. In other words, instead of at least attempting to provide liquidity via limit trades, Knight's algorithm acted as a market order... gone horribly wrong. As the third chart below shows what the algo did with furious repetition and steadfast consistency was to buy at the offer, and sell at the bid, in other words buy high and sell low. Over and over and over and over. As Nanex laconically notes, "In the case of EXC, that means losing about 15 cents on every pair of trades. Do that 40 times a second, 2400 times a minute, and you now have a system that's very efficient at burning money." Which also means that by not DK'ing several hundred million prints, the NYSE may have just thrown Knight under the bus, because the market maker is suddenly on the hook for tens if not hundreds of millions in inverse market making profits. , David Rosenberg On Headless Chickens, Topless Americans, And Bottomless Europeans … Europe's bottomless pit of debt deleveraging (which is as much a problem for the US and China but less ion focus for now) makes the entire discourse of some new and aggressive intervention by the ECB even more ridiculous (and all so deja vu); and the US is facing up to an entirely topless earnings season as revenues are coming in at only 1.2% above last year as it appears Q2 EPS is on track for a 0.2% YoY dip - with guidance falling fast. But apart from all that, Rosie sees the only source of real buying support for the stock market is the stranded short-seller forced to cover in the face of CB-jawboning as there is little sign of long-term believers stepping into the void. , California Dreaming Turns Into Nightmare As Sinking FaceBerg Stock Means Less State Revenue , The Chinese Juggernaut Losing Steam? , Hyper Mario And Germany On Verge Of All Out Warfare Back in March we wrote "Mario Draghi Is Becoming Germany's Most Hated Man" for one reason: a few months after the former Goldman appartchik was sworn in to replace Trichet with promises he would not "print" Draghi did just that in a covert way via $1.3 trillion in LTROs, that immediately hit the economy and sent inflation across Europe soaring. It now appears that the simmering hatred between the two is about to upshift to a whole new level, with the threat of open escalation finally arriving. Because if Sueddeutsche Zeitung is correct, via Reuters, in precisely 12 hours, Draghi will proceed with a plan that has neither Germany's nor Buba's blessing, in the process effectively isolating the only remaining solvent country in Europe, and its de facto paymaster, and forcing Germany to take a long, hard look at the exit sign (which, however, as reported earlier, with each passing day that drags Germany's economy is becoming less of an unthinkable outcome). To wit: "Draghi is planning concerted action using both the ECB and the future euro European Stability Mechanism (ESM) to purchase sovereign debt from Spain or Italy in order to help push down borrowing rates for those two countries." There is one problem: "highly doubtful that the German government would agree to Draghi's approach. The Bundesbank also is likely to reject the idea, the paper added." , Guest Post: When Quantitative Easing Finally Fails While markets await details on the next round of quantitative easing (QE) -- whether refreshed bond buying from the Fed or sovereign debt buying from the European Central Bank (ECB) -- it's important to ask, What can we expect from further heroic attempts to reflate the OECD economies? The 2009 and 2010 QE programs from the Fed, and the 2011 operations from the ECB, were intended as shock treatment to hopefully set economies on a more typical, post-recession, recovery pathway. Here in 2012, QE was supposed to be well behind us. Instead, parts of Southern Europe are in outright depression, the United Kingdom is in double-dip recession, and the US is sweltering through its weakest “recovery” since the Great Depression. QE is a poor transmission mechanism for creating jobs. It wasn’t supposed to be this way. Macquarie Sees $176 Billion In Lieborgate Losses, $88 Billion Hit To Libor Panel Banks …the simply stunning number of $176 billion. If true: prepare for the banks' Tobacco moment as well over half of the market cap of global financial institutions who just so happens have exactly $0.00 in litigation reserves for just this contingency, is slashed. , Citi Sounds A Warning: "The Misread Of The Fed May Also Worry Investors That They Have Misread Draghi"

No Functional Miracle Weapons To Fight The Debt Crisis Posted by : testosteronepit Post date: 08/01/2012 Or any other weapons. A panacea, yes, but it doesn’t work.

Stunning Crimes of the Big Banks: Worse than Your Wildest Imagination Posted by: George Washington Post date: 08/01/2012 You Wont Believe What They’ve Done …

Obamanomics: Grab Some Pizza, Grow the Economy Posted by: CrownThomas Post date: 08/01/2012 If you buy a slice of pizza, and build a road, the economy grows. 

They Really Do Want To Implant Microchips Into Your Brain

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http://albertpeia.com/theywanttochipyou.htm

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Kurt Nimmo
Infowars.com
July 31, 2012

{ I’m really constrained to interject my own direct experience with the FBI here; and, I must say I do so lamentably. If you want no real results vis-à-vis organized crime which now extends to the upper reaches, highest levels of the corrupt u.s. government, go to the FBI. I discounted the new jersey FBI as just typical corrupt, mob infested jersey which thinks in terms of discos/casinos. But, truth be told, they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their (understated) crime stats for even a second. I’m beginning to feel foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters directly who seem to have at least some sense of the magnitude of the fraud involved and the pervasive corruption of the system and government and maybe a semblance of honor in this nation of protracted decline. It never would have occurred to me back when for me, such a choice/decision was clear-cut and simple. Such a course as mine I no longer could recommend inasmuch as there is little difference between state/government sponsored crime/corruption and that perpetrated by other criminal elements, from my direct experience with both, infra:

Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some federal workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the properties in my proceedings for which surplus funds are unaccounted for was a 2 bedroom 1 and 1/2 bath condominium in seaside heights, n.j.). But debauchery an american specialty? Another rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in the illegal drug trade). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city boy louis freeh, labeled by former Prosecutor Larry Klaiman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.

GOOGLE SEARCH – ‘LARRY KLAYMAN, LOUIS FREEH CORRUPT’

ABOUT 6,240 RESULTS (0.11 SECONDS)

· Trulock Sues FBI Director Freeh

archive.newsmax.com/articles/?a=2000/7/30/211047

Jul 31, 2000 – Judicial Watch is a public-interest law firm that fights corruption in government. To read Larry Klayman's letter to Louis Freeh, ...

· Judicial Watch - Because no one is above the law!

www.judicialwatch.org/archive/newsletter/2003/0203b.shtml

... security," said JW Chairman Larry Klayman. "His behavior stands in stark contrast to Louis Freeh, a man so corrupt he destroyed the office he led, ...

· Freedomwriter.com :: Headline News :: - America - JUDICIAL ...

www.freedomwriter.com/issue20/am15.htm

“Louis Freeh will finally have to answer in court for what he did to our clients. ... answers,” stated Judicial Watch Chairman and General Counsel Larry Klayman. ...

· Infowars.com -- Talk Radio's Alex Jones v. the New World Order

www.infowars.com/jw_transcript.htm

Klayman, Larry, Chairman, Judicial Watch ... My name is Larry Klayman. ... interest group that investigates and prosecutes government corruption and abuse. ...... They seized his computer – these are FBI agents at the direction of Louis Freeh, ...

· JUDICIAL WATCH REJOICES AT RESIGNATION OF FBI DIRECTOR LOUIS FREEH

www.judicialwatch.org/archive/2001/printer_921.shtml

May 3, 2001 – Because of his corrupt behavior, Freeh was placed on Judicial Watch's ... stated Judicial Watch Chairman and General Counsel Larry Klayman. ...

· The hazing of Judge Lamberth

www.wnd.com/index.php?pageId=5374

May 27, 2000 – By Larry Klayman ... While Judicial Watch has asked FBI Director Louis Freeh to .... lawsuits against a corrupt and unrepentant Clinton-Gore ...

· Trulock, Conrad v. Freeh, et al, Employees of FBI

cryptome.org/trulock-v-fbi.htm

LOUIS J. FREEH, in his personal capacity; NEIL GALLAGHER, in his No. ... COUNSEL ARGUED: Larry E. Klayman, JUDICIAL WATCH, INC., Washing- ton, D.C. ...

Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding ie., the u.s. government’s direct involvement in the illegal drug trade, etc.). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city by louis freeh, labeled by former Prosecutor Larry Klaiman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.

SHARE YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:

The following is my comment to an LA Times article regarding a Justice Department cover-up! As for your inquiry, all I think about day and night is a long overdue resolution to the RICO litigation as set forth therein:

ATF Chief Melson:Justice Department trying to shield officials (LATimes) Serrano

I believe him!

 I truly empathize with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu:   Died February 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]

Here’s some real, complicit cover-up / fraud on the part of the federal government, et als:

October 15, 2010 (*see infra {ultimately delivered by UPS})

 Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024

 Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case  RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages)      [  ricosummarytoFBIunderpenaltyofperjury.pdf   http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf          ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as     fbicorrespondencereyes.htm     .   With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the    RICO VERIFIED COMPLAINT    (see infra). Such includes and as set forth in the case, inter alia,

A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..

Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.

The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages:   [  Shiff Order of Dismissal With Prejudice on Coan’s Failure to File        Page 1                Page 2          ]

Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [   transcript in pertinent part -     http://albertpeia.com/crossexamofcoanbypeia.pdf    ]

Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.

Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.],   Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.

Sincerely,

Albert L. Peia
611 E. 5^th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651 -magic jack}

                       ----------

*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]

Responding to your message

FROM:

Rep. Lucille Roybal-Allard

TO:

albert_peia@yahoo.com

Message flagged

Wednesday, November 16, 2011 8:48 AM

Dear Mr. Peia:

Thank you for being in touch.  As we continue the busy first session of the 112^th Congress, I want you to know that I am grateful for the various times you have shared your thoughts and concerns with me on different issues.  Please be assured that your voice is being heard and that your perspective helps me to better represent you in Washington, D.C. 

Sincerely,

LUCILLE ROYBAL-ALLARD
Member of Congress

[ This is a reply to the Congresswoman’s query among others included.]

11-5-11

Dear Congresswoman Roybal-Allard:

The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:

‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’

Sincerely,

Albert L. Peia

America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm

Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

The Criminal Banking Cartel's End Game: A 100% Digital Monetary System

Posted by: smartknowledgeu Post date: 06/07/2012 The end game of this global monetary crisis is the imposition of a 100% digital monetary system that would permanently end what little economic freedoms we still retain today. Educate. Resist. Fight... http://albertpeia.com/criminalcartel.htm { I agree with the thrust of this article which I’ve yet to read in full; if only to emphasize that with a mouse click/button/keystroke/enter you could easily be separated from your money/wealth which is a formidable intimidating threat consistent with planned subservience (and also facilitating manipulated fraud, etc.). And, don’t think they wouldn’t do it, meaningless, arbitrarily enforced laws notwithstanding. Don’t forget; government slugs all have the same employer. I experienced the corruption first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/americangovernmentdrugtrafficking.htm
http://albertpeia.com/americascorruptiondrugtrade.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm }

‘If the case of white supremacist Hal Turner taught us anything, it is that the government manufactures Nazis and racists from whole cloth and then uses them to push hysterical domestic terrorist propaganda and self-aggrandizement.

It came out during Turner’s trial that he was a “National Security Intelligence” asset working for the FBI’s Joint Terrorism Task Force. His code name was “Valhalla” and “he received thousands of dollars from the FBI to report on such groups as the Aryan Nations and the white supremacist National Alliance, and even a member of the Blue Eyed Devils skinhead punk band,” according to The Record.

The FBI has run racist and white supremacist groups since the 1960s. Under COINTELPRO, the FBI “subsidized, armed, directed and protected the Ku Klux Klan and other right-wing groups,” Brian Glick writes. Racist groups were used to create a strategy of tension by attacking groups on the so-called left, including anti-war, Chicano and Puerto Rican activists and nationalists.

More recently, in 2007, the FBI organized a neo-Nazi march in Orlando, Florida. The FBI’s “informant” (agent provocateur) “was one of the most visible individuals in the National Socialist Movement,” according to Andy Rosenkranz, state regional director for the Anti-Defamation League. “Generally, the FBI and the JTTF (Joint Terrorism Task Force) in Florida does an excellent job.”

The FBI has also infiltrated a number of supposed Muslim terrorists groups and has wheedled, cajoled and otherwise manipulated patsies into agreeing to commit terror attacks.

In October, Mother Jones revealed that the FBI is notorious for creating supposed terrorist groups from scratch and then framing patsies in order to claim the government is protecting the United States from terrorists. The number of government informants and agents provocateurs has grown exponentially since the 1970s when the FBI claimed it shut down COINTELPRO.

On Tuesday, the New York Daily News reported the FBI’s latest terrorist creation – the 1st SS Kavallerie Brigade Motorcycle Division, founded in 2007 to recruit neo-Nazi bikers for the Aryan Nations, a white supremacist terrorist organization, according to Anthony Bartkewicz.

“One member offered a $1,000 reward for the shooting of a black man. Others stockpiled explosives to be used in terror attacks on U.S. targets,” writes Bartkewicz. “But the biker gang was founded by undercover law enforcement agents in Florida, and eventually 20 people were arrested for a range of offenses, from dealing drugs to possessing illegal weapons and plotting murders, the Orlando Sentinel reported.”

In May, the FBI took down a group of mentally challenged white supremacists belonging to the American Front, a group on the edge of extinction in the early 2000s but resuscitated on the internet. The FBI claimed the group was “planning to kill Jews and minorities in the ‘inevitable’ race war, according to an affidavit obtained by the Orlando Sentinel. The Sentinel reports that the group also looked to manufacture ricin, a ‘weapon of mass destruction,’” CBS Tampa reported.
Fear and loathing by liberals over FBI manufactured racist threat.

Considering the FBI’s track record, however, it is likely the ricin plot was concocted by the agency and then fed to the American Front patsies prior to the sensationalized bust. Patsies rarely devise their own plots and are carefully managed by the agency and its army of informants and agents provocateurs.

The Nazi biker group created by the FBI after the Aryan Nations said it wanted to form a Nazi motorcycle club to serve as the militant arm for white supremacists across the country, according to records obtained by the Orlando Sentinel.

“Using a false identity, the agent with the Orange County Sheriff’s Office became the Aryan Nations’ top Florida administrator responsible for recruiting members for what would become the 1st SS Kavallerie Brigade Motorcycle Division — operating out of a clubhouse in St. Cloud,” Henry Pierson Curtis writes for the Sentinel.

“Early members included at least two additional undercover FBI agents – who infiltrated the club — and a biker accused of offering $1,000 to anyone willing to shoot a black man riding an ATV in rural Osceola County, records show.”

In 2007, a FBI informant, Rick Spring, admitted to running the Aryan Nations. “In a confessional emailed out to white nationalist leaders, federal informant and convicted bank robber Rick Spring admitted today that he operated the Aryan Nations as a false flag front group for the FBI after the death of Richard Butler,” wrote Bill White, editor of the Libertarian Socialist News.

Government connections to terror groups are legion. In 2004, for instance, the FBI revealed the Southern Poverty Law Center was involved with government operative and convicted Oklahoma City bomber Timothy McVeigh and the Aryan Republican Army at Elohim City. McVeigh’s contact at Elohim City was Andreas Carl Strassmeir, a former German intelligence officer. Peter Langan, the son of a retired U.S. Marine intelligence officer and said to be the leader of the Aryan Republican Army, was a government informant.

The SS Kavallerie Brigade Motorcycle Division, responsible for setting up the American Front, is yet another convoluted government fabrication designed to convince ill-informed Americans that radical Muslims are not the only threat they face. So are white guys with tattoos on their foreheads.

The absurdly overblown threat of skinheads gunning for minorities plays right into the Department of Homeland Security’s “rightwing extremist” narrative.

“Threats from white supremacist and violent antigovernment groups during 2009 have been largely rhetorical and have not indicated plans to carry out violent acts,” the DHS wrote in a 2009 for eyes-only memo subsequently leaked to Infowars.com and others, but “have capitalized on the election of the first African American president, and are focusing their efforts to recruit new members, mobilize existing supporters, and broaden their scope and appeal through propaganda, but they have not yet turned to attack planning.”

The FBI’s contrived plots – including purported violence against police and officialdom by the Hutaree militia and now a supposed weapons of mass destruction attack by the American Front – are designed primarily for propaganda purposes. The Hutaree militia was vindicated in court and the accusations against the American Front will likely also eventually be reduced and revealed as government grandstanding, although this will not be reported on the front page in blazing headlines.’

7-31-12 Dave’s Daily: http://www.etfdigest.com INVESTORS WAIT ON CENTRAL BANKS AND JOBS 7-31-12 ‘U.S. economic data Tuesday featured Personal Income & Spending (Income .5% & Spending flat); core PCE ex-food & energy rose (1.8%...and, thankfully we don’t use that stuff right?); the Case Shiller Home Price Index rose (2.2% vs .5% expected & prior .7%); Chicago PMI rose (53.7 vs 52.5 expected & prior 52.9), and Consumer Confidence rose (65.9 vs 61.5 expected & prior 52.9). Taken together these were good reports and not the stuff to accommodate more QE one would think. Investors await the Fed’s Wednesday afternoon’s policy announcements with bulls hoping for more QE or at least hints of that. Meanwhile Germany continues to say “nein” to any thoughts of granting the ESM (European Stability Mechanism) a banking license which would enhance its power to buy bonds. This is one tool at the core of Draghi’s “all-in” comments. At the same time, France’s Hollande and Italy’s Monti are cheerleading these ideas as no doubt is our own Treasury Secretary Tim Geithner. The ECB meets Thursday to announce (kick the can) further with bailouts for all comers. In all things government micro-management and basic “fairness” the Federal Housing Finance Agency (FHFA) has via Acting Director Edward Demarco decided not to reduce principal on underwater mortgages. Is it fair to reduce mortgage principal for some investors but not all? (Crazy thinking right?) Geithner penned a response directly challenging this view and endorsing the government’s interventionist hand and its own views of fairness. Not lost on investors will be Friday’s all-important Employment report to kick-off August. It’s the end-of-month for bulls which means it’s time to mark-up (window dress) markets. News surfaced Tuesday that Apple (AAPL) might consider splitting its stock and might be included then in the DJIA per this Forbes report. This allowed the stock to rally nearly 3%. To add to current doubts, Bill Gross of Pimco wrote a note entitled the Death of Equities which won’t be appreciated by Wall Street product vendors which includes Pimco. Stocks were lower, bonds (IEF) slightly higher in price, the dollar (UUP) and gold (GLD) weaker, as were commodities (DBC) overall. In other words, it was a down day period. Volume was light and breadth per the WSJ was negative. Given the impending news from central banks this posting is short but longer than yesterday’s…’ Bill Gross: WE’RE WITNESSING THE DEATH OF EQUITIES 7-31-12 By Steven Russolillo, WSJ Blogs MarketBeat WSJ.com's inside look at the markets ‘The bond king says stocks are dead. Bill Gross, Pimco’s co-founder and co-chief investment officer, says stock investors should think again about the age-old “buy-and-hold” investing mantra. He says consistent, annual returns are a thing of the past. “The cult of equity is dying,” Bill Gross wrote in his August Investment Outlook. “Like a once bright green aspen turning to subtle shades of yellow then red in the Colorado fall, investors’ impressions of ‘stocks for the long run’ or any run have mellowed as well.”… an “historical freak” that isn’t likely to be duplicated anytime soon, due to slowing economic growth around the globe…“The 6.6% real return belied a commonsensical flaw much like that of a chain letter or yes — a Ponzi scheme… , THE REAL CRASH IS DEAD AHEAD AS 2008 IS FORGOTTEN Paul B. Farrell, MarketWatch http://albertpeia.com/realcrashdeadahead.htm , Just Open Up Your Eyes And Look - 65 Signs That The Economic Collapse Is Already Happening http://albertpeia.com/65signseconomiccollapsehappening.htm , Germany Now Has a REAL Debt to GDP of 300%…. Bye Bye Eurozone http://albertpeia.com/germanydebttogdpnow300percent.htm , Historic Drought, Giant Dust Storms And Massive Power Grid Failures - A Glimpse Into Our Future http://albertpeia.com/droughtdustpowergridfailuresfuture.htm , China PMI Misses And Prints Lowest In 8 Months With 10 Of 11 Sub-Indices Contracting ZeroHedge.com Tyler Durden , Jeremy Grantham: "I, For One, Wish That The World Would Get On With Whatever Is Coming Next" "The economic environment seems to be stuck in a rather unpleasant perpetual loop. Greece is always about to default; the latest bailout is always about to save the day and yet never seems to; China is always about to collapse but instead teases us by inching down; and I swear the Financial Times is beginning to recycle its reports! In the U.S., the fiscal cliff looms along with debt limits and the usual election uncertainties. The dysfunctional U.S. Congress continues for the time being in its intractable ways. The stock market rises and falls and rises and falls again. It is getting difficult to find anything new to say at client meetings. I, for one, wish that the world would get on with whatever is coming next." ‘…With margins weakening, one of the twin pillars is looking shaky and price declines look more likely than before…’ , Guest Post: The European Tinder Box ‘…Europe is on the verge of being raped and our own politicians don’t know where to look, still less what to do. , Visualizing Today's Deja Vu Last Second 60,000 E-Mini Contract Wipe Out Today, three seconds before the close, someone was in a desperate hurry to dump 60,000 E-Mini contracts - the equivalent of $4.1 billion in underlying notional (ignoring the reflexive impact on various correlated assets and downstream synthetic instruments like ETFs and options). What happened next was a trade that was just shy of the size of the Waddell and Reed trade that the SEC said caused the flash crash. Luckily this time there was just 3 seconds of potential waterfall after-effects before the market closed. Had this happened at the May 6 blue light special time of 2:30 pm, the month end marks of US hedge funds and prop desks would have looked very different one day before the all too critical FOMC statement. The question remains: who waited to perform a reverse E-bay (inverse bid all in, in the last second of trading), and just what do/did they know? Below we present the complete 60,000 dump in its full visual glory courtesy of Nanex. , Equities Close Weak On Heavy Volume As Month Ends Up 1% , Picturing The Turn In The Credit Cycle the credit cycle is deteriorating rather rapidly in both the US and Europe , Geithner To DeMarco: "I Do Not Believe [Un-Socialism] Is The Best Decision For The Country" In an administration that has completely lost its mind, and in which the solution to every problem is the forgiveness of debt to those who lived beyond their means… , GM's Channel Stuffing Goes To Germany: Is Europe's Largest Economy A Fraud? We have long argued that auto manufacturers have been channel-stuffing (and subprime-lending) themselves back into a disaster and as such class-action lawsuits have begun. Recently we also pointed out the epidemic of dealer-inventory-stuffing in China (and again this morning the Chinese luxury car market's over-stuffing). So today's report from Reuters that German auto manufacturers have been stuffing dealer channels just like the rest of the world as Europe's largest car market is in recession even if few outside of the industry would know it. "Essentially, the carmakers are deceiving their shareholders, since they make it look as if the vehicles were actually sold. They want to pull the wool over their eyes," as three in every ten new vehicles in Germany are sold not to customers, but to carmakers and their dealers - a type of automotive industry pump priming known as "self-registration". At nearly half a million such registrations in the six months through June, the total is greater than the entire new car market in Spain. Is Germany's economy really what it is reported to be given all this fake demand pull-forward - or is it a total fraud? , What Do PIIGS Bonds Know That Stocks Are Oblivious To? , FaceBerg Hits 21 The Hard Way Was it only two months ago that Faceplant was heralded as bringing in the new era of, well something... the public markets are a cruel friend it seems as FB just traded with a $21 handle for the first time - down a marvelous 53% from its IPO-day highs... Volume exploded once it crossed that barrier as we suspect Margin Stanley was aggressively defending its new line in the sand (how did that defense work at $38, $37, $35, and $30 - but maybe this time is different). , Europe's Second Scariest Chart , Bundesbank Pulls Cloud Nein From Under Hollande, Draghi

Postal Service to Miss $5.5 Billion Payment to Treasury

Bloomberg | Rep. Issa: “The default by the Postal Service on its obligation to its own employees and retirees follows decades of mismanagement…”

11 Signs That Time Is Quickly Running Out For The Global Financial System

The Economic Collapse | We are rapidly approaching a moment of reckoning for the global financial system!

Brazilian Drugs Lords Show More Integrity Than Central Bankers, Refuse To Sell Crack To Their People

Zero Hedge | Spot the Fed analogies.

7-30-12 11 Signs That Time Is Quickly Running Out For The Global Financial System http://albertpeia.com/11signstimesrunoutforfinancialsystem.htm Historically, a financial crisis has been more likely to happen in the fall than during any other time, and this fall is shaping up to be a doozy.  Much of the focus of the financial world is on whether or not the euro is going to break up, but even if the authorities in Europe are able to keep the euro together we are still facing massive problems.  Countries such as Greece and Spain are already experiencing depression-like conditions, and much of the rest of the globe is sliding into recession.  Unemployment has already risen to record levels in some parts of Europe, major banks all over Europe are teetering on the brink of insolvency, and the flow of credit is freezing up all over the planet. , Sorry Mario Draghi, Spain is Finished! Why the Financial System Could Indeed Collapse http://albertpeia.com/spainfinishedandfinancialsystemcollapse.htm , Treasury Admits It Underestimated Debt Needs, Predicts Ceiling Breach In 2012; $600 Billion More Debt In Second Half Zerohedge.com Tyler Durden , Guest Post: The World’s Gold Is Moving From West To East , Charting The Diminishing Multiple Expansion Benefits Of Fed Action , EU Ombudsman To Probe Mario Draghi's Conflicts Of Interest First some German dares to suggest Mario Draghi's ECB should be sued for getting a "bigger than god complex", and now the EU's ombudsman has the temerity to suggest Mario Draghi may have conflicts of interest due to his previous jobs, most notably at Goldman Sachs, a topic beaten to death on these pages... and various other factors.  From Spiegel: "As soon as you took office, there were discussions about his past in the U.S. investment bank Goldman Sachs - now has Mario Draghi, head of the European Central Bank, and problems with the EU ombudsman. It's about the membership of an influential banking lobby organization." What are the "other factors": well, one is Draghi's presence in the Group of 30 which as we have explained previously, is the real behind the scenes central planning group which decides the fate and future of the world (an extended write up here). The other factor? Mario's son Giacomo, who just happens to work as an interest rate trader at Morgan Stanley London. , US Launches Global Washer Trade War , The Unbearable 'Factual' Lightness Of The Chinese Economy , European Dollar Shortage Back With A Vengeance As Short-Term ECB $ FX Swaps Hit 2012 High , Dallas Fed Plunges Most In Over 7 Years To 10 Month Low; With Biggest Miss In 14 Months With expectations for a muddle-through slight positive print, the headline Dallas Fed index just printed at -13.2 (exp. 1.9). This is its lowest level since September of last year and the biggest miss of expectations since May of last year. The headline index is teetering on the edge of its worst levels since 2009 as the month to month change in the general business activity index dropped a massive 19pts - its largest drop since April 2005. Specifically it appears the outlook for capital expenditures was among the largest sub-index to have its hope crushed - and this strongly suggests (and confirms) a sub-50 ISM print. , Moody's: "The ECB Can Do No More Than Buy Time" It would be odd to suggest that one of the most scathing critiques of the ECB's attempts to talk up the market on nothing but hope, promises and expectations would come from rating agency Moody's, yet that is precisely what has happened. With Swiss, Dutch, Finnish, and German short-dated bonds once again hitting new record low (negative) rates (and Italian 10Y is weakening), it would appear that at least some of the market is not drinking the all-things-risk kool-aid. , German Coalition Member Urges Suing ECB Over Draghi Open-Ended Promise

Economists React: Don’t Expect QE3 This Week

wsj.com | Expectations that the U.S. Federal Reserve will embark on another bout of bond-buying to stimulate the economy.

Unemployment Could Stay High As U.S. Economy Slows

mbtmag.com | High unemployment isn’t going away.

Austerity At The Olympics: Each “Gold” Medal Contains 1.34% Gold

Zero Hedge | As every Olympic athlete knows, size matters.

Does Barack Obama Expect The Upcoming Election To Spark Rampant Civil Unrest?

http://albertpeia.com/civilunrestishereandworstening.htm

Flash Mob Robberies And Organized Looting Have Become A Normal Part Of Life In America

http://albertpeia.com/flashmobrobberrieslootingnormalinamerica.htm

7-27-12 Dave’s Daily: http://www.etfdigest.com BULLISH QE ALGOS 7-27-12 ‘It’s difficult to comprehend the tape sometimes, especially when you try to square it with the overall news. The bottom line is bulls have placed their bets that the eurozone will be fixed and weaker U.S. GDP both will be met by a heavy dose of QE. Everything else doesn’t matter. Bulls don’t believe the Germans, despite Bundesbank’s comments to the contrary; will block bond buying by Draghi and the ECB. The key phrase in the linked WSJ article was, “If there is no ECB bond buying next week stocks will collapse”. { AP: What I really can’t fathom is how, why people are so eager to support the churn-and-earn paper fraud on wall street (their computers are literally selling to themselves along with the other programmed algo insanity – helping/facilitating these costly wall street frauds which have not helped but in many ways hurt the real economy – their gain is everyone else’s pain as that money in their pockets must come from some real place; viz., your pockets – there’s no free lunch). Their buying time with b***s*** also facilitates the transfer of their ‘worthless paper hot potatoes’ to ie., taxpayers, governments, etc.. Totally pathetic! We’re way past the ‘fool me twice, shame on me’ stage! They really have to be prosecuted and put in jail where they belong. They’re just not that important and they are a substantial detriment to the real economy and society generally. They have no fear of prosecution and have continued their paper frauds where they left off last crisis, and seek once again to cash out for hard currency, metals with the greater fools holding their worthless paper bag. I used to follow the markets when value/valuation meant something. Now I track them only to discern the ever greater frauds and the ‘political connectivity’ to same. } This is followed Wednesday by the Fed which may give QE3 hints or news to confirm this late week rally. If the trend is real, the news must confirm it. So, it’s “stand and deliver” time for central banks. Neal Barofsky, the former inspector general for TARP, continues to shout from the roof-tops what a failure it was. Of course for a day like Friday his comments were ignored. The operator of the largest global hedge fund, Ray Dalio (Bridgewater) issued a serious warning to all who might listen. Bank of America analysts also have a bearish view of QE, high equity market outflows and that QE3 would not be a success. Earnings overall, especially on the revenue side, have been weak. There is no argument about this generally. Guidance by many companies has been reduced for the third quarter. GDP data in the U.S. was 1.5% down from a revised 2%. To call this a recovery is to reinvent the term. Consumer Sentiment at 72.3 is as weak as we’ve seen this year. The stunning gamble bulls made Friday was with Amazon (AMZN) where earnings and revenue missed. The company guided the third quarter to a loss but the stock soared on the belief that the company’s heavy investment in distribution will pay off for Christmas. That’s a helluva bet with the stock trading at 270 X trailing earnings. The dollar (UUP) continued to fall; gold (GLD) was modestly higher (“risk on”); bonds (IEF) were higher in yield (“risk on”); and, commodities (DBC) overall were higher. Stocks rallied sharply once again putting an exclamation point to “QE algo rally” especially after Bloomberg reported that Draghi would meet with the Bundesbank’s President Jens Weidmann to iron out their differences. Bulls must think Draghi has the upper hand. Treasury Secretary Geithner will join-in on Monday. (All the king’s horses and all the king’s men will “try” to put this together again.) Other than this, words fail me. Volume on the rally was impressive and breadth per the WSJ was positive…’ , 17 Reasons Why Those Hoping For A Recession In 2012 Just Got Their Wish http://albertpeia.com/17reasonsrecessionnow.htm ‘If you were hoping for a recession in 2012, then you are going to be very happy with the numbers you are about to see.  The U.S. economy is heading downhill just in time for the 2012 election.  Retail sales have fallen for three months in a row for the first time since 2008, manufacturing activity is dropping like a rock, sales of new homes are declining again, consumer confidence has moved significantly lower and a depressingly small percentage of businesses anticipate hiring more workers in the coming months.  Even though the Federal Reserve has been wildly pumping money into the financial system and even though the federal government has been injecting gigantic piles of borrowed cash into the economy, we still haven't seen an economic recovery.  In fact, we appear to be on the verge of yet another major downturn.  In California the other night, Barack Obama told supporters that "we tried our plan — and it worked", but only those that are still drinking the Obama kool-aid would believe something so preposterous.  The truth is that the U.S. economy has been steadily declining for many years and now we have reached another very painful recession…’ , In Q2 America Added $2.33 In Debt For Every $1.00 In GDP ZeroHedge.com Tyler Durden , 19 Examples Of How Control Freaks Are Killing America With Their Completely Ridiculous Regulations http://albertpeia.com/19wayscontrolfreakskillinguswithregs.htm , The Channel-Stuffed GDP Report , Guest Post: The Absurdity Of Sandy Weill Any contrition on the part of Weill for his role in repealing Glass-Steagall might as well be an attempt to close the stable door after the horse has bolted. It’s like trying to uninvent the atom bomb after Hiroshima. Weill was the guy who — above anyone else (AP: I have to interject here and say there’s plenty of culpable blame to go around, which in no way should be construed as a defense for weill!) — was responsible for the damage done…’ , "It’s Been A Fun Ride, But Prepare For A Global Slowdown" , Guest Post: 2nd Quarter GDP - Weaker In All The Wrong Places , Mutiny At The ECB? A lot of desk chatter about this move in risk-assets - and the entire reversion to red on the day in EURUSD - as a WSJ report now circulating suggests that ECB members are not backing reported proposals by President Draghi. Specifically, the statement referenced is the following: "Many ECB Members Surprised By Draghi's Comments Suggesting New Bond Buys, Source Tells WSJ". The bottom line here is that Draghi most likely pulled a Mario Monti (and his hanger on Mariano Rajoy), and spoke up before pre-clearing with Buba's Weidmann. Draghi thinks that, like Monti with Merkel at the June 29 summit, he can bluff the Bundesbank into submission, and Germany will agree to monetization, especially if markets have risen enough where nothing out of the ECB next week leads to a market plunge (as the WSJ explains below). The problem is that as we patiently explained, Monti got absolutely no concessions our of Merkel, as was seen in the bond yields of Spain after the June 29 summit, which hit record wides a few weeks later. Expect the same this time around too: i.e., Germany will hardly cave in to the European beggars. , Perfectly Idiotic Market , Europe Releases Another Unsourced Rumor To Talk Markets To Weekly Highs , Mapping The Mounting Muni Meltdown , Guest Post: Bernanke And Draghi Are Dangerous “Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough.”  Nice, Mr. Draghi, but at what cost? And who will ultimately bear this cost? It is already far beyond the measure of mere money; democracy, truth and sovereignty have all been destroyed to prop up the central bankers' Status Quo. We can presume Mr. Bernanke and the Federal Reserve are in on the propaganda campaign, and so we need to examine the words and promises of these two central bankers, as well as what they have not said. Is talking about printing money as good as actually printing money? It would seem so. Is promising to "do whatever it takes" as good as actually doing whatever it takes? Once again, it seems so; global markets leaped at the "news" that the financial Status Quo was going to be "saved" yet again. What if it is beyond saving? , Ray Dalio Issues Stark Warning: Spanish Collateral Is Running Out , 46.5 Million Americans, Record 22.3 Million US Households, On Foodstamps; 8,753,935 On Disability , FaceBerg Sinking At -40% Below IPO Level

GDP growth slows to 1.5 percent in June

thehill.com | Looming fiscal cliff of U.S. tax hikes and spending cuts.

Geithner: ‘We don’t know’ about U.S. banks’ role in Libor-fixing scandal

AFP | “I don’t know” means “Maybe.”

Mitt Romney: Banking Regulation Is Essential To The Functioning Of Markets

huffingtonpost.com | Romney told a crowd full of bankers that the GOP has erred in the past.

Investigators Are Closing In On Two Other Banks Involved In LIBOR Rigging

Reuters | Groups of traders working at three major European banks were heavily involved in rigging global benchmark interest rates.

In Q2 America Added $2.33 In Debt For Every $1.00 In GDP

Zero Hedge | In Q2, the US added $274.3 billion in debt while adding $117.6 billion in GDP.

Draghi Rescue the Euro by Printing More of Them?

Michael S. Rozeff | Sure he can, and pigs can fly.

Is Harry Reid The Most Hypocritical Man In The World?

Zero Hedge | While Dos Equis has its most-interesting-man, we think we have found the ‘most hypocritical’.

As Attacks Continue, Chick-fil-A Getting Plenty of Support for its Christian Values

Dave Bohon | Supporters of homosexual marriage, however, have been unable to leave the issue and “agree to disagree.” { I believe the concerted wrongful conduct of the respective cities et als vis-à-vis Chick-Fil-A may well be actionable as a business tort and as well, a violation of constitutionally protected rights of free speech, having a chilling effect thereon, by way of incorporation thereof under the fourteenth amendment of the u.s. constitution, as well as pursuant to the respective state constitutions applicable to the offending cities. }

The Attack On Chick-Fil-A Is An Attack On The Freedom Of Speech Of Every American

http://albertpeia.com/attackonchickfilaattacksfreespeech.htm

7-26-12 Dave’s Daily: http://www.etfdigest.com ‘DRAGHI JAWBONES SHORT SQUEEZE 7-26-12

“Words, words, words, I'm so sick of words
I get words all day through
First from him, now from you
Is that all you blighters can do

Sing me no song, read me no rhyme
Don't waste my time, show me
Don't talk of June, don't talk of fall
Don't talk at all, show me
Never do I ever want to hear another word
There isn't one I haven't heard” - Alan Lerner: My Fair Lady { Yes, indeed! Dave knows his shows! This one’s all b***s***! }

The ECB’s head Mario Draghi stated Thursday that the bank would use all tools at its disposal to maintain the euro but…”within our mandate”. The mandate is an unsettled political issue for the ESM (European Stability Mechanism) which is also stuck in the German courts where its constitutionality is in question. Moreover the Germans have fiercely maintained they wouldn’t be in favor of more bond buying. The bottom line is this is more jawboning that algos seized on to rally stocks Thursday. After all Draghi knows how to pump markets having been vice chairman and managing director at…wait for it, Goldman Sachs International.In real news, Jobless Claims fell (353K vs 380K expected & prior revised to 386K). With cumulative non-stop revisions claims are actually now 149K higher 2012 year to date. Pending Home Sales fell (-1.4% vs .9% expected & prior 5.9%) and the NAR tried to explain this as a reduction in inventory--seriously. The Bloomberg Consumer Comfort Index fell (-38.5 vs -37.9) and Durable Goods Orders rose (1.6% vs .6% expected & prior 1.6%) however ex-transportation (mostly aircraft) orders fell (-1.1% vs .2% expected & prior .8%).Earnings are still coming out but already we’re seeing reports of lowered third quarter results for the S&P 500 which is now expected to fall .1% from a year ago. It’s sounds like a modest amount but it does affect PE expansion negatively.China stated it wouldn’t be interested in easing real estate buying restrictions which took mainland Chinese indexes to lows not seen since 2009. These are the things not many are paying attention as they’re distracted by another round of “the eurozone is fixed” again.Leading markets higher, particularly on the DJIA once again, were the priciest shares in the price-weighted index (IBM) (MMM) (CVX). Financial (XLF) sector rallied on hopes that Draghi will do some bond buying where they can unload their toxic waste.Underperforming within the major sectors were small caps (IWM) higher but still not catching much of a bid. Lagging were materials (XLB) as Dow Chemical (DOW) had a poor report. Lower were most social media sectors (SOCL) which include Zynga (ZNGA) and even Facebook (FB). And, despite crummy housing data the past few days, homebuilders (ITB) rallied.The dollar (UUP) was sharply lower on the Draghi move and gold (GLD) was higher. Oil (USO) was somewhat higher helped by the weaker dollar. Most commodity markets (DBC) reacted modestly Thursday while bonds (IEF) were relatively unchanged.As this is written many company’s reporting earnings (SBUX) (AMZN) (FB) etc. are missing estimates and their share prices are much lower.Volume was average on the melt-up while breadth per the WSJ was positive for the second day running relieving oversold conditions…’ , Facebook revenue growth skids, shares plunge , Draghi Just Pulled Out His Bazooka… How Long Before the Crash? http://albertpeia.com/draghinbsandcrash.htm , The Audit The Fed Bill Gets Passed By The House But Obama And The Democrats Are Going To Kill It http://albertpeia.com/obamademskillauditfed.htm , Biderman Batters 'Believe-Me'-Draghi ZeroHedge.com Tyler Durden Somewhat stunned by the market's exuberant reaction to Mario Draghi's 'Believe Me' speech this morning, Charles Biderman, CEO of TrimTabs, sees the slow-motion train-wreck that is the European crisis speeding up and rapidly running out of track. Charles sees the European crisis as "not a solvable problem the way the world works today." Neither Draghi nor any of the bankers even bothers to talk about the real problem of not enough regional income and too much government spending. Draghi's only solution is some form of money printing. "Printing money to pay bills maybe will work over the short term. But long term, it cannot"; if money printing works in the real world why not print and give every one a billion Dollars, Euros or Yen? While governments will do anything to maintain the status quo (and avoid the tough times ahead), Charles succinctly reminds that, "the road to hell is paved with good intentions." , Guest Post: The Energy Showdown In Argentina , The Cherry On Top: CME Lowers Equity Index Margins By Over 20% , Guest Post: Central Banks Are Chomping At The Bit …how does the self-defeating idea of perpetual QE fit with the Credit Cycle relative to Government Directed Inflation (or inability to direct inflation where they want it in the case of the ECB and BoE)? , Which Of These Facebook Analysts Is Not Like The Others? Yesterday we showed how out of a universe 21 'analysts', just one ended up being correct on ZNGA. The trick part of the question was that the 'analyst' in question was actually a computer quant model. Today, we look at FB whose price has just tumbled to a new all time post-IPO low with a $23 handle. And just like with ZNGA today, where BTIG's Richard Greenfield ended up apologizing for his horrible call, something tells us tomorrow we will get quite a few more apologies too, not least from Greenfield again whose Neutral call will hardly be "good enough" for a stock that has now lost over a third of its value since its market cap. , In Case Of Collapsing Earnings, Expand Multiples And Pray Both earnings and revenues for 2012 have been cut dramatically in the last three months, rejuvenating a sliding consensus trend for 2012 that began in the middle of last year, and now Q3 expectations are negative YoY for the first time since Q3 2009. However, as we are told again and again, the economy must be doing fine because the market is up so much in that period. In fact, what is even more fun to hear is that the market is cheap (never mind the incredulous hockey-stick expectations for Q4 this year). In fact, the market is not cheap at all. The correlation between the S&P 500 in the last two years and the P/E multiple shows that performance has been driven almost entirely by multiple-expansion alone. Forward P/E is now getting close to recent peaks suggesting the market is far from cheap and on a longer-term view (based on both an as-reported and operating basis), the S&P 500 appears expensive - and perhaps these charts will re-anchor whatever cognitive bias that seems to pervade the long-only manager's herding mentality. , Visual Summary Of AMZN: 263x PE Multiple, 1.2% Operating Margin, $7 Million Net Income And 69,100 Employees , Earnings Reality Bites UPDATE: FB -17%, AMZN -0.5%, SBUX -5.3% , Equities Close Monday's Gap Down On Lowest Average Trade Size Of Year , Is Harry Reid The Most Hypocritical Man In The World? While Dos Equis has its most-interesting-man, we think we have found the 'most hypocritical'. Until today we thought Sandy Weill was the undisputed champion in this category, but after seeing this clip we think he has strong competition. At around 40 seconds into this lengthy diatribe, everyone's favorite Libertarian Las Vegan utters the most two-faced hypocritical words that he could possible have uttered: "I think we should audit the Federal Reserve". Between Harry Reid's recent vehement anti-Paul behavior and the whip-order that Democrats received on Ron Paul's bill yesterday, this is stunning. While the sell-out nature of this kind of politician does not surprise us, we thought it prudent for all US citizens to understand the true nature of the political class that decides an increasing amount of our day to day lives. , Greek Deposit Plunge Continues As Tax Inspection Finds Every Business On Zakynthos Broke The Law On one hand we have Mario Draghi promising he has a magic wand (not a printer - remember the keys to that are now held by Angela Merkel who is on vacation) and to "believe him" that the EUR will survive. On the other we have Greece which is a poster child of everything that is wrong in Europe. And that we summarize as follows: i) an epic and now relentless deposit outflow from Greek banks which continues as all trust in the local banking system is now gone, as €7 billion in deposits or the second biggest amount ever, is pulled and 20% of the entire corporate and household deposit base has vaporized in the past year, and ii) an economy in which it is every man for himself and where nobody pays any taxes any more, period. Good luck Super Mario. , Guest Post: 4 Reasons Why You Should Stop Believing In Chinese Leadership Did you know that Chinese government officials are all corrupt? Did you know that many of Chinese statistics look either weird or totally unreliable to a point that even the Vice Premier can’t help admitting it? People outside of China have never really trusted the Chinese Communist Party as far as politics are concerned, and probably never will. However, the seemingly unstoppable growth engine of China has produced a remarkable level of complacency among investors that China is going to do well. While recent economic data from China are mixed at best, the market consensus is unanimously biased towards believing that the second quarter is the bottom. We do not understand the reasons behind the faith in the Chinese leadership as far as running the economy is concerned.  Here are a few reasons why you should just stop believing in the Chinese leadership when it comes to running the economy. , Citi On Draghi: Expect Nothing From The ECB Before The ESM Is Active (In September At The Earliest) , The US Is Not Japan Or Your Average Stagnation: It Is Much Worse , Barofsky On Geithner: "We Should See People In Handcuffs" There is no point in recapping the ongoing vendetta between former SIGTARP Neil Barofsky and former head of the NY Fed, and current Treasury secretary and resident TurboTax expert Tim Geithner. One need but follow the former on Twitter for a quick and concise sampling of the sentiments harbored vis-a-vis the latter. However, in the following interview Barfosky does touch on some points which in the context of the recent Liborgate, should be brought front and center, especially since the increasingly apathetic US audience seems to not care about one bit (as opposed to their distant cousins across the Atlantic for whom Lieborgate has become a daily distraction). Namely, what Barofsky says is that Geithner and other regulators who allowed Lieborgate to proceed should not only lose their job but we should "see [Geithner] in handcuffs."  Sadly that will never happen as it would actually be a deterrent to future crime among the highest echelons of America: something which is just not allowed to happen in a system whose very survival is increasingly reliant on rampant criminality. { Unfortunately, this is true and documented early on from my direct experience: The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

EuRo FaRMViLLe Posted by: williambanzai7 Load your EURO Bullshit... Hopium Floats: The Draghi Effect Posted by: Burkhardt The 200 Pip move was purely based on speculation or a hope that Draghi’s statement would render the same affect as the Calvary riding in to save the day. That’s just not how these things work. Draghi...

The Attack On Chick-Fil-A Is An Attack On The Freedom Of Speech Of Every American

http://albertpeia.com/attackonchickfilaattacksfreespeech.htm

{ My own feeling on the subject is live and let live, but that the state has no place in getting ‘behind’ this contraindicated behavior. Look at the subject cities rallying in the name of ‘cornholin’ (For the gay vote? How totally pathetic!). Without exception, they are literally domestic war zones, in decay, decline, and heading as the nation toward fiscal ruin, defacto/outright bankruptcy. They really should be concentrating on things that really matter before foolishly attacking freedom of speech. Previously: EVOLUTION: OBAMA NOW BACKS GAY MARRIAGE… [ Well, with some frolicking documented cocaine/gay sex romping in his past, he’d be hard pressed not to. Interestingly, Clit Eastwood has come out in favor of gay marriage saying he doesn’t give a f**k… good for you Clit; spoken like a true egalitarian. Truth be told, I always liked those spagetti westerns that put him on the map; his own ‘Pale Rider’, particularly; and of course, the ‘Dirty Harry’ series. Aside from that, I find him/his films boring, shallow, and plebian beyond tears; hardly the philosopher king. Yet, I also don’t give a f**k regarding gays living their lives as they wish, with full constitutional protections consistent with their presumed law-abiding lives, particularly in a world like this, such as it is. But, that doesn’t mean the ‘state’ must get behind (no pun intended) same. There are few if any legal statuses that can’t be achieved through legal document, ie., adoptions, trust beneficiaries, etc.. Marriage, procreation, the province of a man/woman relationship has always been a given. Also interesting was the take on same by reknown Psychiatrist Maslow (his famed, laudable work regarding hierarchy of needs, etc., needs no introduction) who wrote and posited that homosexuality was physically, anatomically contraindicated. Again, let me reiterate a live, let live position while cautioning against the state getting behind (again, no pun) same and potentially giving young, pubescent, impressionable boys the idea that penises were made for male a**holes and not female vaginas. ] ... OBAMA ADMITS FABRICATING GIRLFRIEND IN MEMOIR { Latent gay man obama - ... Barack Obama: The Naked Emperor Shocking but true revelations from David Icke| ..Obama is just more of the same, a big smile with strings attached, and controlled completely by those that chose him, trained him, sold him and provided his record funding, kept his many skeletons under wraps, like the gay sex and crack cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp, who is alleged to claim that someone claiming to represent me called asking for $100,000, to keep me from coming forward about our (Obama and I) November 1999 encounter of sex and cocaine use?), ... Obama is just another Banksters' moll prostituting himself .., and that's why he supported the grotesque bail-out of the banking system and why he will always put their interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv }

12 Pictures That Demonstrate How The New World Order Openly Mocks Us

http://albertpeia.com/newworldordervedgesmockus.htm

{ First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said: The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing

{ First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. }

http://albertpeia.com/planetalreadyruined.htm }

7-25-12 100 Million Poor People In America And 39 Other Facts About Poverty That Will Blow Your Mind http://albertpeia.com/100millionpovertystrickenamericans.htm , Down Goes Britain: The UK Economy Tumbles Deep Into Recession http://albertpeia.com/downgoesbritain.htm , Europe Can and Will Cause a Systemic Collapse… Are You Ready? http://albertpeia.com/europecanandwillcausesystemiccollapse.htm , Dave’s Daily: http://www.etfdigest.com SANDY FALLS ON GOLD PLATED SWORD 7-25-12 { Sandy who? Aw geeh … I thought Dave was talking about that other sandy (sandusky of jo pa’s p.s. fame, they worshipped together) who cornholed quite a few himself! } ‘Now that the architect behind the repeal of Glass-Steagall has made off with his hundreds of millions he comes clean and says the entire episode was a mistake { Riiiiight! In the immortal words of Maxwell Smart, ‘’missed it by that much’ }. The banks should be broken-up he states in his CNBC interview. You may have read Weill is the one who sold his Manhattan penthouse for nearly $90 million and has other expensive assets on the market. As the man behind the curtain who lobbied Clinton, Rubin, Greenspan, Gramm, Dodd and others to okay his merging Travelers/Smith-Barney with Citigroup, he now says it was a mistake. He liked it when his group could trade publicly insured deposits. What nerve! "Anybody who says that is off their mind. I think the model really works." What Sandy Weill stated to Maria Bartiromo on “the end of bigger is better” in 2007. (The model worked for him, eh?) New Home Sales disappointed and fell 8.9% (350K vs 370K expected & prior 369K) which was the only U.S. economic news underscoring that the housing market hasn’t bottomed. The prices for new homes were down 3.2% from a year ago.In overseas news the euro rallied as the ECB’s Nowotny suggested they could leverage the bailout funds. Greek leader Samaras met with the troika finally although he doesn’t have the backing of his coalition yet. Euro shorts were squeezed even as most dismissed this idea as unlikely. German (EWG) shares rose higher on better earnings from Daimler (DAI) although German Business Climate Survey fell to 103.3 vs 105.4. More significantly, UK GDP data came in unexpectedly weaker dropping to -.7% as their recession deepens. http://albertpeia.com/ukrecessiondeepens.jpg The DJIA was higher early led by strong gains in index heavyweight Caterpillar (CAT) on higher earnings ($2.54 vs $2.28 expected) and a more positive outlook for the company’s construction equipment and overseas mining. Boeing (BA) also delivered positive results but most of its activities were reasonably well known. With CAT’s heavy weighting the DJIA was able to rally modestly Wednesday. Meanwhile Apple’s (AAPL) surprising miss held back technology while gains in the semiconductor sector (SOXX) allowed tech to rally modestly. Meanwhile the dollar fell (UUP) as an ECB official (Nowotny) suggested that bailouts could be leveraged which caused a short squeeze in the euro (FXE). But, most pundits didn’t think leveraging would be possible given current political views within the EU. Besides, the German court hasn’t even ruled whether bailouts were constitutional. Gold (GLD) rallied once again resuming its uncorrelated relationship with the dollar. Other commodities (DBC) rallied with the weaker dollar as well. Bonds (IEF) were modestly weaker. Volume was quite light as stocks rallied tentatively and breadth per the WSJ was positive reducing some oversold conditions...’ , Guest Post: You Didn’t Build That { http://albertpeia.com/americasnumberonespook.htm } ZeroHedge.com Tyler Durden , Kyle Bass Vindication Imminent? Largest Japanese Pension Fund Begins To Sell JGBs ‘…the Ponzi has reached it's Tipping Point. Japan’s population is aging, and baby boomers born in the wake of World War II are beginning to reach 65 and eligible for pensions. That’s putting GPIF under pressure to sell JGBs so it can cover the increase in payouts. The fund needs to raise about 8.87 trillion yen this fiscal year…’ , Guest Post: Major Sell Signal Triggered , Deep Fried Black Swan Goes Global As Drought Spreads From US To Asia, And Now To Southern Europe , Ron Paul's 'Audit-The-Fed' Swan Song Passes House, Unlikely To Pass Senate , Charting The High-Beta Horror Of Hedge Funds , Barclays' Disgraced COO Gets £8.75 Million Golden Parachute Instead Of Jail Time , Egan Jones Triple Hooks Italy: Boots The Boot To CCC+ From B+, Watch Negative , Five Year Bond Auction Comes Weak Despite Fresh Record Low Yield , Stephen Roach Smokes Crack-Addicted Market "QE3 Is Not Going To Work" Is it any wonder that Stephen Roach is now ex-Morgan Stanley? Today's brilliant truthiness in his interview on Bloomberg TV is an absolute must-watch as the veteran market practitioner notes that the Fed is forced to act next week and while consumers are telling you that they want to pay down debt - which all the monetray stimulus in the world is not going to change - that QE is nothing but crack to a ridiculously addicted market. With 70% of the US economy in a balance sheet recession, the Fed knows this (which he notes is now run by WSJ's Jon Hilsenrath since what he prints must be adhered to by Ben for fear of market disappointment) and is "dangling QE in front of the markets like raw meat - but it has not worked and it will not work!" But critically, he believes, the euphoric response of markets will be tempered since they have become "used to the fact that all of this unconventional monetary easing by the central bank is just not what it is supposed to be." , Guest Post: Global Crisis - The Convergence Of Marx, Orwell And Kafka , RBS Says To Expect A Spanish Sovereign Bailout Request "Within Days" , Gary Gensler Explains How CFTC Allowed PFG To Steal $200 MM In Client Funds 8 Months After MF Global , New Home Sales Miss By Most In 20 Months , Since 2012 Is 2011, What Comes Next Is Not Pretty... Since January we have been pounding the table that 2012 is nothing but a carbon copy of 2011. Whether this is due to the limited imagination of the central planners, or a quota on the number of pages in the market's script, we don't know. What we do know is that since now everyone acknowledges that the two years have been fused into one, we suggest readers take a double dose of Dramamine ahead of what comes next, which can be easily seen courtesy of the following chart from SocGen's Albert Edwards.

In Play: Virtual Farm-Backstopped Default Delay Securities Launched After Zynga Implodes

Submitted by Tyler Durden on 07/25/2012

UPDATE: ZNGA is down 40% now, trading with a $2 handle

They said it could never happen. They said it was social, mobile, everything... Well, oops... It seems the drought conditions around the world have hit the virtual farms too. Let it 'Virtual Rain'

*ZYNGA 2Q REV. $322.5M, EST. $343.1M           

*ZYNGA 2Q ADJ. EPS 1C, EST. 6C                      

*ZNGA SEES YR EPS ADJ 4C-9C, SAW 23C-29C, EST. 27C

and with that 33% of market cap is wiped away... and the derivative play - Facebook is down 7% after-hours and EURUSD is dipping as all that virtual cash is vaporized (yes seriously EURUSD is dropping!). We assume that very soon, congressmen around the country will be calling for a government intervention as the hand-of-god impacts these poor virtual farmers. FYI - Margin Stanley is the largest ZNGA holder at 13.84%.

Anglo Irish Bank’s ex-CEO arrested for fraud

USA Today | Fraud detectives arrested the former chief executive of Anglo Irish Bank and charged him over a conspiracy to hide colossal losses.

100 Million Poor People In America And 39 Other Facts About Poverty That Will Blow Your Mind

The Economic Collapse | Every single day more Americans fall into poverty.

Federal Government’s Debt Jumps More Than $1T for 5th Straight Fiscal Year

CNS News | The new debt accumulated in this fiscal year by the federal government had already exceeded $1 trillion.

ECONOMISTS: ‘Europe Is Sleepwalking Toward A Disaster Of Incalculable Proportions’

Reuters | Among their recommendations, the economists called for an early partial mutualisation of the region’s debt.

CBO to employers: Obamacare has $4B more in taxes than expected

Washington Examiner | Business owners will pay $4 billion more in taxes under President Obama’s Affordable Care Act (ACA) than the Congressional Budget Office had previously expected.

Biderman: “The Most Damage Is Caused By Those Who Are Not As Smart As They Think They Are”

Zero Hedge | It is not often we double-dip in the Sausalitan’s soliloquies but tonight’s glorious truthiness from Charles Biderman, CEO of TrimTabs, is worth the price of admission.

Fed “Independence” Is a Scam … And No Reason to Prevent a Full Audit

Washington’s Blog | Independent from Congress … or from the American People?

7-24-12 Dave’s Daily: http://www.etfdigest.com ‘MARKETS REMAIN UNDER PRESSURE 7-24-12 Markets took a pounding again Tuesday and are probably getting oversold {not if reality has anything to do with pricing-AP}. Once again we saw a late day “stick save” to halve the day’s decline in the DJIA. The overall negative mood features overall poor earnings and economic data. The eurozone debt issues continue to haunt global stock markets. Moody’s cutting the outlook for Germany and the Netherlands to negative was a shock to both countries. The Greek government has refused to meet with their troika masters regarding their commitment to reform and austerity. Midday there was a report the Greeks needed to restructure their debts as if that were news. The Germans have stated they will not compromise on previous Greek commitments. That’s where we stand currently. Flash PMI came in weaker than expected (51.8 vs 52.6 expected & prior 52.9) and the Richmond Fed Manufacturing Index fell sharply (-17 vs .0 expected & prior -3) as both act as a precursor to more weakness. More positive news came from the Home Price Index which rose (.8% vs .3% expected & prior .7%). The catalyst for a reversal in sentiment could very well come from Apple (AAPL) which had seen a large volume of call options being bought before earnings. Earnings were reported after the close for Broadcom (BRCM) and the stock rallied 6% while Netflix (NFLX) dropped 13%. Apple (AAPL) misses with revenues of $35 billion vs $37 billion expected and earnings $9.32 vs $10.35 expected. Margins were lighter at 42.8% vs 43.8 expected. The stock is down roughly 6% or $30 initially. The dollar (UUP) rallied as did bonds (IEF). Gold (GLD) prices were slightly higher but given the debt and forex chaos it may decouple from historical gold/dollar trends. Grain (JJG) prices came back to earth helped by some rains (perhaps too late) and overbought conditions. Oil (USO) prices were on the flat side while natural gas prices (UNG) continued to rally. The Fed’s oracle, WSJ reporter John Hilsenrath, stated in a late-breaking story that the Fed was getting ready to act which was the rumor driving stocks higher toward the close. Stocks were universally lower led by small caps (IWM) and just about everything else frankly. Volume was much higher on selling while breadth per the WSJ was once again negative. We’re short-term oversold…’ , What In The World Is Wrong With American Kids? http://albertpeia.com/nothingthatsaneradultscantcure.htm , Biderman Goes All-In Bearish ZeroHedge.com Tyler Durden ‘…Shifting to 100% bearish … he sees at least a 20% drop from April highs followed by potentially worse as the realization of the fiscal cliff begins. The glass-half-full-of-truth Biderman notes four specific reasons for his bearish call: from wage and salary growth slowing to barely positive YoY, to the Fed's inability to create any multiplier effect to boost the economy; and from the slowing global economy where "low tides will uncover all the hidden garbage created by booms" to the basic supply/demand of stock and money based on his 'Demand' index dropping to six-month lows. His bearish view is not even predicated on Europe's conflagration accelerating which would simply add more fuel to the growing fire.’ , David Stockman: "The Capital Markets Are Simply A Branch Casino Of The Central Bank" "This market isn't real. The two percent on the ten-year, the ninety basis points on the five-year, thirty basis points on a one-year – those are medicated, pegged rates created by the Fed and which fast-money traders trade against as long as they are confident the Fed can keep the whole market rigged. Nobody in their right mind wants to own the ten-year bond at a two percent interest rate. But they're doing it because they can borrow overnight money for free, ten basis points, put it on repo, collect 190 basis points a spread, and laugh all the way to the bank. And they will keep laughing all the way to the bank on Wall Street until they lose confidence in the Fed's ability to keep the yield curve pegged where it is today. If the bond ever starts falling in price, they unwind the carry trade. Then you get a message, "Do not pass go." Sell your bonds, unwind your overnight debt, your repo positions. And the system then begins to contract... The Fed has destroyed the money market. It has destroyed the capital markets. They have something that you can see on the screen called an "interest rate." That isn't a market price of money or a market price of five-year debt capital. That is an administered price that the Fed has set and that every trader watches by the minute to make sure that he's still in a positive spread. And you can't have capitalism if the capital markets are dead, if the capital markets are simply a branch office – branch casino – of the central bank. That's essentially what we have today." , The Li(e)bor Rigging Scandal Infographic For Dummies http://albertpeia.com/libor.jpg , Netflix Plunges After Cutting Q3 Outlook, Sees Q4 Loss , Gold Outperforms But Hilsenrath-Rally Fails, As VIXophrenic Equities Converge To Bonds YTD Pathetic. A late day surge to test yesterday's lows and VWAP (which makes some technical sense) was buoyed by positivity from yet another Hilsenrath 'hint'. The total lack of response in the afternoon as German and Spanish FinMins tried to jawbone us up was the reality. We do note though that all the 'Hint' managed to do was get us back to VWAP - which suggests that 'the force is weakening with this one'. , Hilsenrath Once Again With The 3:55 PM Sticksave { Bad enough that of itself that failed QE welfare for wall street only is contraindicated, but this is outright purposeful market manipulation! How totally pathetic! } Just like last time around when stocks were plunging with no knight in shining armor in sight, until the Fed's faithful mouthpiece-cum-scribe Jon Hilsenrath showed up with a report, subsequently disproven, that more QE is coming minutes before the market close on July 6, so today stocks appeared poised for a precipice until some time after 3 pm it was leaked that none other than Hilseranth once again appeared, at precisely 3:55 pm, with more of the same. Ironically, the market only saw the word Hilsenrath in the headline, and ignored the rest. The irony is that this time around the Fed's scribbler said nothing that we did not know, namely that the Fed can do something in August, or it may do something in September, or it may do nothing, none of which is actually news. , GM Stock Slides To Fresh Post-Bankruptcy Lows , On Gold And The US Debt Trap? As with much of the euro area, the US is in a debt trap. All the politicking in DC does not change this economic fact. The federal debt is going to be devalued. Yet even now, amid a new economic slowdown, US consumer price inflation is set to remain positive following a large spike in global food prices. Few things damage economic confidence more than food price inflation. Combined with the escalating financial crises in the euro area and also now in US municipals, the global slowdown already underway is likely to accelerate, leading to a further deterioration of sovereign finances. The debt trap is deepening, with ominous consequences for monetary and price inflation. The dollar and most currencies remain severely overvalued; gold and most commodities, undervalued. Those not in a position to vote themselves pay rises should consider buying some gold instead. Diluting dollars are not a store of value. Gold is. , Europe Smashes All Market Records On Its Way To Total Insolvency , Santelli Rants: "Ditch The Duct Tape; The Problem Is Insolvency"

Tony Blair: Don’t Hang Bankers Posted by : George Washington Post date: 07/24/2012 – { Oui; mais, au contraire … a la quillotine avec ils! } Why Is Everyone Suddenly Talking about Hanging Bankers?

Reinventing Crony Capitalism Posted by: ilene Post date: 07/24/2012 - The three "de's:" deregulation, desupervision, and de facto decriminalization.

The disaster of young people in Spain Posted by: thetrader Post date: 07/24/2012 - Lost generation of Spain.

Guest Post: Before You "Buy the Dip," Look at These Two Charts The first is a long-term chart of the Dow Jones Industrial Average (DJIA). The recent price history has traced out a pattern that looks remarkably similar to the one that presaged the crash of 2008, with one difference: massive quantitative easing and Eurozone bailouts pushed the B leg into an overextension. If this pattern is valid, the C leg down could be a real doozy. , Richmond Fed Faceplants At -17, Expectations Of Rise To -1; Worst Since April 2009 , Richmond Fed Faceplants At -17, Expectations Of Rise To -1; Worst Since April 2009 And another epic miss in the slow motion trainwreck that is the US plowhorse economy now to its neck in quicksand. The latest B-grade economic indicator: the Richmond Fed, which was expected to rise modestly from -3 to -1. Instead it faceplanted to -17, the biggest miss since August 2010 and the lowest print since Apirl 2009. But at least US housing has bottomed. Just kidding. At this point there should be no doubt that the US economy is in freefall - and the only recourse we have is the definition of madness: more QE which everyone by now knows will do nothing but provide a brief sugar high, and spike inflation and stock prices, only for everything to implode demanding even more QEasing from the Chairsatan, and on, and on, until in the endgame, the USD finally loses credibility. Of course, if this horrifyingly bad economic print does not send stocks soaring, we don't know what will. , Charting America's Ever Shrinking "Revisionist" Economy , Dominoes Tumbling: Catalonia Informally Requests Bailout As Spain Considering Credit Line Request , Six Reasons Why Spain Will Be Forced To Request A Sovereign Bailout

Apple Falls UPDATE: AAPL -6.25% AH

Major misses everywhere, and this for the second quarter in a row - from the Q3 earnings report:

APPLE 3Q REV. $35.02B, EST. $37.25B

APPLE 3Q EPS $9.32, EXP. $10.37

APPLE 3Q NET PROFIT $8.8B

APPLE SEES 4Q REV. ABOUT $34B, EST. $38.01B

AAPLE 3Q GROSS MARGIN 42.8%, EST. 43.8%

APPLE SOLD 17.0 MILLION IPADS DURING QTR, UNIT EST. 15.4M

APPLE 3Q IPOD UNITS SOLD 6.8MLN , DOWN 10%

APPLE SOLD 4.0 MILLION MACS DURING QTR, UNIT EST. 4.3M

APPLE SOLD 6.8 MILLION IPODS IN QTR, UNIT EST. 6.6M

7-23-12 David Rosenberg On A Modern Day Depression Vs Dow…0 This is looking more and more like a modern-day depression. After all, last month alone, 85,000 Americans signed on for Social Security disability cheques, which exceeded the 80,000 net new jobs that were created: and a record 46 million Americans or 14.8% of the population (also a record) are in the Food Stamp program (participation averaged 7.9% from 1970 to 2000, by way of contrast) — enrollment has risen an average of over 400,000 per month over the past four years. A record share of 41% pay zero national incomes tax as well (58 million), a share that has doubled over the past two decades. Increasingly, the U.S. is following in the footsteps of Europe of becoming a nation of dependants. Meanwhile, policy stimulus, whether traditional or non-conventional, are still falling well short of generating self-sustaining economic growth. , Dave’s Daily: http://www.etfdigest.com http://albertpeia.com/stockmarketreplay.htm ‘2010-2011 STOCK MARKET REPLAY 7-23-12 Charts look similar to the past two years even though we’re still in July. In 2010 Bernanke delivered the second round of QE which kicked-off the post Labor Day stock market rally. Of course the punchbowl was taken away in June 2011 and markets had their volatile hissy-fit. Now we face another round of European worries which have returned like a bad habit. Investors are finding it all tiresome now and the BS about it being fixed has worn thin.The new Greek coalition has refused to meet with the troika regarding its commitments. Germany has stated there will be no further bailout money without these commitments being adhered to. That would probably lead Greeks out of the eurozone which may be a good thing for them ultimately. Eurozone Consumer Confidence fell (-21.6 vs -20 expected)—no surprise really. Italy and Spain banned short-selling Monday. For some fun here’s Britain’s Nigel Farage in one of his many speeches mocking eurozone efforts.When I suggest we’re returning to the past few years is more about volatility increasing as markets respond furiously to rapidly changing conditions. After all, HFTs and their algos long-term view is measured in seconds responding more to each other than any real news let alone economic philosophy. So Da Boyz operating these systems in concert with the exchanges are just picking each other’s pockets second by second.Markets quickly succumbed to downward pressure Monday as equities gapped open sharply lower, bond prices (IEF) rose, gold (GLD) and commodities (DBC) fell while the dollar (UUP) rose slightly….’ , James Holmes Is Not Alone - 20 More Examples Of The Sickos That Are Overrunning America http://albertpeia.com/americansickos.htm , 12 Signs That Spain Is Shifting Gears From Recession To Depression http://albertpeia.com/12signsspainrecessiontodepression.htm , The New York Times Admits That Virtually Every Major News Organization Allows The News To Be Censored By Government Officials http://albertpeia.com/nytimessaysallusnewscensoredbygovt.htm , 55 Percent Of Americans Believe That The Government Will Take Care Of Them If Disaster Strikes http://albertpeia.com/55percentamericansbelievegovernmentwilltakecareofthemindisaster.htm { Of course, this is absolutely foolish based upon reality and what we’ve actually witnessed. I’ve found through direct experience you can’t even depend on the government to do what they’re legally required to do as defined by law, so corrupt and incompetent the u.s. government has become: see, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } , David Rosenberg On A Modern Day Depression Vs Dow…0 Zerohedge.com Tyler Durden , Guest Post: The Dawn Of The Great California Energy Crash , Is Vegas Signaling The Consumer Is Folding? ‘…Our gambling indicators, both domestic and abroad, show what feels a lot like recessionary behavior and point to another leg down in the latter half of 2012. , Moody's Changes Aaa-Rated Germany, Netherlands, Luxembourg Outlook To Negative , Same Old Same Old As VIX Dips, EUR Rips, And Equities BTFDs , Sigtarp: “Americans Should Lose Faith In Their Government ... Only With This Appropriate and Justified Rage Can We Hope Posted by : George Washington Post date: 07/23/2012 - 18:23 High-Level Government Insider Speaks Truth to Power ... , Europe's Systemic Collapse... and What It Means For Us and You Posted by: Phoenix Capital... Post date: 07/23/2012 - 15:58 We’ve recently published a report showing investors how to prepare for this. It’s called How to Play the Collapse of the European Banking System and it explains exactly how the... , Why You Pay Too Much In Taxes Posted by: George Washington Post date: 07/23/2012 - 13:51 Because Everyone from the Ultra-Rich to Illegal Immigrants Pay Nothing , European Bloodbath Continues As Spanish 2Y Is Crushed To Record High Spreads , Things That Make You Go Hmmm - Such As The Fiscal Cliff , Cashin On Transports And 'End Of The World' Headlines , A Fast And Furious Return To Reality: Spanish Stock Market Plummets By 12% In Two Days , Plow Horse Enters Quicksand - America's Abysmal June Economic Report Card: 7 Positive Surprises; 23 Negative , Desperation Time: Italian Regulator Reintroduces Financial Stock Short Selling Ban

Lieborgate: Here Come The Arrests

Zero Hedge | For over four years, virtually everyone in the finance industry knew that Libor was manipulated.

http://albertpeia.com/lieborgatearrests.htm

Why We’re Called Phoenix Capital Research

July 23, 2012 By gpc1981 http://albertpeia.com/europesystemiccollapse.htm

‘…We are Phoenix Capital Research.With that in mind, it’s clear now that the world is entering a period of wealth destruction. Europe is in the midst of a sovereign debt crisis. History tells us that this will entail more than one sovereign nation going belly-up. Indeed, I believe that we’ll see ALL of the PIIGS as well as France stage sovereign defaults in the coming months.

After that will come Japan, then finally the US. By the time the smoke clears, we will have seen systemic collapse.

This will mean:

1)   Many major banks disappearing, as well as numerous potentially lengthy bank holidays (think Argentina in 2001)

2)   Multiple sovereign defaults as well as broad economic contractions and their commensurate unemployment/ civil unrest/ erasure of retirement accounts/ pensions (this process has already begun in some US municipals, e.g. San Bernandino and Stockton California as well as Harrisburg Pennsylvania).

3)   Possibly new currencies being introduced or new denominations of currencies (say one new unit being worth 1,000 of the old one)

4)   Massive wealth destruction to the tune of tens of trillions of Dollars (think MF Global i.e. the money is gone… only systemically… in fact we just had another such instance with PF)

5)   A global contraction that will result in new political/ power structures being implemented as well as the breakup of various countries/ unions.

6)   Very serious trade wars to begin (see Obama’s recent attack on China) and very possibly a real war.

If the above make you frightened, you’re not alone. As I’ve dug deeper and deeper into the inner workings of the global financial system over the past months, the information I’ve come across has only gotten worse. I’ve been holding off writing all of this because up until roughly April/May it seemed possible that the world might veer towards another outcome.

I no longer view this to be the case. I am almost certain that what I’ve written above will come to pass. I know that much of what I’ve written to you in the past could be labeled as “gloom and doom.” However, I want you to know that I do not use the words “systemic collapse” lightly. Indeed, I wish I wasn’t mentioning them now, but I’d be doing you a disservice not to bring them up because we’re well on our way towards it…’

7-20-12 Dave’s Daily: http://www.etfdigest.com THE PROBLEM CHILD RETURNS 7-20-12 ‘Bulls had been yakking in the financial media that one reason stocks could rally was eurozone issues were subdued and being resolved. But now they’ve returned like tar balls washing up on the beach. FridayEuropean policy makers agreed to a bailout of Spanish banks but this received a Bronx Cheer from investors. Prime Minister Rajoy stated another year of recession was likely and the province of Valencia needs a rescue (a la U.S. municipalities). Spain’s sovereign debt was downgraded to CC+ from CCC+ by Egan Jones (gaining more credibility by the day) as ten year interest rates rose to an unmanageable 7.27%. Italian credits and markets weren’t far behind in the declines with stocks falling over 5.80% in Spain and 4.40% in Italy. Flight to safety saw investors rushing to negative yields in German, Swiss and other higher quality bonds.As with citizens in other troubled eurozone countries they’re not willing to accept austerity and have taken to the streets. Italian Prime Minister Monti referred to these protests as increasing Italy’s borrowing costs and adding to the contagion. As to Greece, well there’s nothing to say since they’ve done zip to abide by their commitments.Associated to this mess is news the senior economist at the IMF quit accusing senior leaders of suppressing negative news and forecasts regarding the eurozone saying they had a “pro-European” bias. This is hardly surprising. China stated last night that it will not ease up on property speculation meaning less stimulus than many had hoped.All of this isn’t lost on investors in the U.S. either. Stocks took a beating but still may allow for a headline “beat” for the week. (That kind of stuff sells soap.) General Electric (GE) always hard to define as a company (conglomerate?) reported earnings that missed on revenue but beat estimates by a penny. But, you have to wade through a lot of adjustments to get to the number the street likes.Lazard Capital Markets commentator Art Hogan stated: “For the earnings season, expectations had been set low enough across the board for earnings beats… but we’re not seeing revenue growth in most cases and guidance has been lackluster. Economic data has been ignored.” That sums it up for me.The dollar (UUP) advanced naturally on the “risk off” Friday while bonds (IEF or better known now as “mattress money”) saw prices rise. Gold (GLD) struggling over recent weeks gained slightly on the day. Commodity markets (DBC, JJC and USO) saw serious profit-taking on the dollar’s advance and some thinking (where have they been?) that global economic contraction would negatively affect demand.There weren’t many leading sectors beyond internet (FDN) Friday while the previous “tell” of trouble was the ongoing weakness in financial and bank sectors (XLF) & (KBE).Volume was still on the light side while breadth per the WSJ was negative. (I did hear some private jets flying in meaning those that could get away did.)…’ , The Price Of Corn Hits A Record High As A Global Food Crisis Looms http://albertpeia.com/globalfoodcrisis.htm , Scandal At The IMF: Senior Economist Resigns, Says "Ashamed To Have Had Any Association With Fund At All" ZeroHedge.com Tyler Durden The rats everywhere are now jumping furiously off the titanic, but few had taken the time to write a letter explaining in detail just how cracked and broken the hull really was. This has now changed, with the departure of Peter Doyle, formerly a division chief in the IMF’s European Department responsible for non-crisis countries and currently an adviser to the Fund. Not content with quietly slinking off the scandal ridden organization which has become the butt of all jokes in the international community, where humor about Lagarde's Louis Vuitton panhandling bag is as pervasive as punchlines about just how incompetent the organization is at actually doing its duty, Doyle has penned the following scathing letter which tears down every myth about the IMF: from its impartiality, to the selection process of its head, to its effectiveness. The letter also contains the following gem: "After twenty years of service, I am ashamed to have had any association with the Fund at all." Pretty much says it all. This is a scandal in the making, and one which may shake to the core the credibility of the IMF in the context of international organization. , Guest Post: Falling Interest Rates Destroy Capital Falling interest rates are a feature of our current monetary regime, so central that any look at a graph of 10-year Treasury yields shows that it is a ratchet (and a racket, but that is a topic for another day!).  There are corrections, but over 31 years the rate of interest has been falling too steadily and for too long to be the product of random chance.  It is a salient, if not the central fact, of life in the irredeemable US dollar system. Irving Fisher, writing about falling prices (I shall address the connection between falling prices and falling interest rates in a forthcoming paper) proposed a paradox: “The more the debtors pay, the more they owe.” Debtors slowly pay down their debts and reduce the principle owed.  This would reduce the NPV of their debts in a normal environment.  But in a falling-interest-rate environment, the NPV of outstanding debt is rising due to the falling interest rate at a pace much faster than it is falling due to debtors’ payments.  The debtors are on a treadmill and they are going backwards at an accelerating rate. How apropos is Fisher’s eloquent sentence summarizing the problem! , Guest Post: Spontaneous Order And The Jersey Shore ‘…The Jersey Shore drownings, tragic as they are, should serve as a lesson all beach visitors.  Common sense isn’t something to be legislated.  It can only form when the right incentives are involved for people to make smart decisions without relying on a central source of authority.  And just like the free market, common sense is also a product of spontaneous order.’ , Financials FUBAR As S&P/NASDAAPL Close Unch For The Month , Weekly Bull/Bear Recap It has been a tempestuous week where good is bad, worse is better, but European news is to be sold. , Peak Complacency And Peak Leverage , The Hedge Fund Trail In Liborgate Gets Hotter: Mega Fund Brevan Howard Next? , Analysts' Revenue Estimates Signaling A Recession? , Europe Ends In A Sea Of Red

The Weaponization of Economic Theory Posted by : ilene Post date: 07/20/2012 So the end stage of neoliberalism threatens a Dark Age of poverty/immiseration – most characteristically, one of debt peonage. ~ Michael Hudson

“Southern Europe Does Almost Nothing—Except Complain” Posted by: testosteronepit Post date: 07/20/2012 Bulgaria speaks up in the euro fiasco. A balanced budget, growth, and an income tax rate of 10%?

Spanish Stocks Plunge Most In 12 Months As Egan-Jones Cuts Spain To CCC+ , US Banks Battered On Spain's Bailout Approval , EURUSD Free-Falling , Seven Sigma Rally In LQD: Be Careful Where You Reach For Yield With 'safe-haven' yields at extreme lows (and negative in some cases), there is sense in 'reaching for yield' but - obviously - any increase in yield implies an increase in risk (and just because it is called a 'bond' doesn't mean its safer than an 'equity'). By way of example, moving to investment grade credit is the 'strategy du jour' of many asset allocators - "a little more yield and it's still IG after all." However, while this is a decent safety strategy overall - in a diversified and actively managed credit book, falling for the easy route of buying the liquid IG bond ETF LQD may run some into problems - no matter how much its 'price' tracks Treasuries. The last month has seen LQD experience a 7-sigma rally and it stands at multi-month rich levels to its intrinsic value (which implicitly places technical bids in the cash market). What worries us the most about LQD specifically is, we suspect retail investors who are piling in are unaware of the exposures within the portfolio of bonds. LQD is 24.3% weighted in financials - the very same Libor-rigging, beached-whale, NIM-compressing financials that are anything but 'risk-free'. As a reminder, an old adage from credit portfolio management, "the loss from losers far exceeds the gains from winners" and at these levels of price (and therefore yield) there is a lot of convexity in that risk-reward. Understanding the credit risk you are taking is key.

Frontrunning: July 20, 2012

Submitted by Tyler Durden on 07/20/2012

Gunman kills 14 in Denver shooting at "Batman" movie (Reuters)

Full retard meets Math for Retards: Spain Insists $15 Billion Aid Need for Regions Won’t Swell Debt (Bloomberg)

World braced for new food crisis (FT)

Banks in Libor probe consider group settlement (Reuters)

U.S. banks haunted by mortgage demons that won't go away (Reuters)

Ireland Bulldozes Ghost Estate in Life After Real Estate Bubble (Bloomberg)

China will not relax property control policies (China Daily)

Russia, China veto U.N. Security Council resolution on Syria (Reuters)

Kim to reform North Korean economy after purge (Reuters)

7-19-12 12 Signs That The Next Recession In The United States Has Already Begun http://albertpeia.com/12signsusrecessionhasbegun.htm , 20 Signs That All Point To The Exact Same Thing - Can You Guess What That Is? http://albertpeia.com/20signspointtoeconomiccrisiscollapse.htm ‘The U.S. economy is in a massive amount of trouble.  There aren't enough jobs.  There isn't enough money to go around.  Business activity is slowing down again.  Household wealth has been falling.  Food prices have been rising.  Many state and local governments all over the country are flat broke and are drowning in debt.  The federal government has been rolling up unprecedented amounts of debt in an attempt to keep things going, but everyone knows that kind of borrowing is simply unsustainable.  So where do we go from here?  We consume far more than we produce and we use debt to make up the difference.  40 years ago the total amount of debt in America (government, business and consumer) was less than 2 trillion dollars.  Today it is nearly 55 trillion dollars.  How in the world did we let the total amount of debt in the United States grow more than 27 times larger over the past 40 years?  Our economic system is fundamentally broken, but most Americans don't realize it yet…’ , Dave’s Daily: http://www.etfdigest.com BAD DATA IGNORED IN FAVOR OF TECH 7-19-12 { Tech? Palease, don’t make me laugh! This ‘bad news is good’ scenario based upon hopes for contraindicated, egregiously failed QE for the benefit of the frauds on wall street only to the detriment of everyone else with such hopium rallying stocks has gone beyond the point of ridiculous. It’s really rather pathetic, these so-called wall street mavens/titans of capitalism, the largest of which remain unprosecuted for their huge, lucrative, debilitating frauds wanting/expecting even more on the public dole. They’ve even gotten to the point where their computers are selling to themselves for the ‘churn and earn’ along with the algo-driven contraindicated moves up. The markets are totally cooked! Dave as always is spot-on the case! } ‘There’s plenty of bad economic data to motivate QE3 fans. Jobless Claims rose (386K vs 365 expected & prior revised higher to 352K). The least noticed in the report is 86K were dropped from benefits as their 99 week period expired. Existing Home Sales disappointed (4.37M vs 4.65M expected & prior 4.55M). Leading Economic Indicators fell (-.3% vs -.1% expected & prior .3%). Worse yet was the Philly Fed (-12.9 vs -.8 expected & prior -16.6). Taken together this gives the bad news bulls something to cheer. Below is a chart courtesy of Zero Hedge pointing out the worst part of the Philly Fed reading—employment sub index. Stock markets are rallying substantially as investors rotate away from previous winning sectors like REITs (IYR) and Financials/Banks (XLF & KBE) towards tech (XLK). Once again, there really has never been a bull market without financials in the mix. The last time we saw sharp rallies with financials still lagging was in the Great Depression. IBM was one of the market leaders and investors should remember the DJIA (DIA) is a “price-weighted” index with big blue being the heaviest weighting at 11%. In fact the top 5 represent 33% of the entire index and top 10 or the 30 at 55%. This is why those following the index often find results misleading as to overall market conditions. IBM jumped 3.70% despite lower revenues but better guidance. Qualcomm (QCOM) up 4% and EBay (EBAY) up 8% added to the enthusiasm for tech while financials and other sectors were weak. After the close SanDisk (SNDK), Microsoft (MSFT) and Google (GOOG) all reported earnings that seemed to please lowered estimates. (That’s the way the game is played folks.) Despite Bernanke stating yesterday that the eurozone was “a long way away from being fixed” bulls ignored it for now. After all conditions there are quiet and negative headlines are scant. Spanish yields soared to a record as the German parliament voted to approve loans to Spanish banks. The high court in Germany has still to rule on the constitutionality of bailout mechanisms. Meanwhile “current” crop conditions have deteriorated enough to make the headlines perhaps meaning a time to close long ag (DBA & JJG) positions after such a big move. Nevertheless, better load up on the Corn Flakes while you can. Commodities (DBC) & (USO) continue their upward march. Oh, and while you’re getting your Corn Flakes better gas up since prices will be rising.Volume was once again ultra-light while breadth per the WSJ was positive to mixed…’ , This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied - The Sequel ZeroHedge.com Tyler Durden Two years ago, in January 2010, Zero Hedge wrote "This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied" which became one of our most read stories of the year. The reason? Perhaps something to do with an implicit attempt at capital controls by the government on one of the primary forms of cash aggregation available: $2.7 trillion in US money market funds. The proximal catalyst back then were new proposed regulations seeking to pull one of these three core pillars (these being no volatility, instantaneous liquidity, and redeemability) from the foundation of the entire money market industry, by changing the primary assumptions of the key Money Market Rule 2a-7. A key proposal would give money market fund managers the option to "suspend redemptions to allow for the orderly liquidation of fund assets." , Guest Post: Where Is The Line For Revolution? The subject of revolution is a touchy one.  It’s not a word that should be thrown around lightly, and when it is uttered at all, it elicits a chaotic jumble of opinions and debates from know-it-alls the world over.  The “R” word has been persona non grata for quite some time in America, and until recently, was met with jeers and knee-jerk belligerence.  However, let’s face it; today, the idea is not so far fetched.  We have a global banking system that is feeding like a tapeworm in the stagnant guts of our economy.  We suffer an election system so fraudulent BOTH sides of the political spectrum now represent a hyper-rich minority while the rest of us are simply expected to play along and enjoy the illusion of choice.  We have a judicial body that has gone out of its way to whittle down our civil liberties and to marginalize our Constitution as some kind of “outdated relic”.  We have an executive branch that issues special orders like monarchical edicts every month, each new order even more invasive and oppressive than the last.  And, we have an establishment system that now believes it has the right to surveil the citizenry en masse and on the slightest whim without any consideration for 4th Amendment protections. Unless tomorrow brings a miraculous shift in current totalitarian trends, revolution may be all we have left... , Deja Food: Will Social Unrest Surge As Corn Prices Soar? , Guest Post: Market-Top Economics Market-top economics could be an entire university course, if people cared enough about such phenomena.  Most only consider the signs of a market top months or years after a crash when some unyielding economics researcher puts the pieces together.  As human-beings we have developed an uncanny ability to rationalize what we know to be bad news and convince ourselves, "This time is different," despite the fact that it usually never is. In a previous article we provided analysis on economic/equity decoupling (cognitive dissonance) and showed that the economy as we know it cannot persist--we are either due for a literal gap-up in leading economic conditions, or we are due for a serious correction in US equities.  With today's 5.4% slip in existing home-sales, let's go with the latter. , Ray Dalio's Bridgewater On The "Self Re-Inforcing Global Decline" , Guest Post: Corporate Profits Surge At Expense Of Workers For investors, the continued increases in profitability, at the expense of wages, is very finite.  It is revenue that matters in the long term - without subsequent increases at the top line; bottom line profitability is severely at risk.  The stock market is not cheap, especially in an environment where interest rates are artificially suppressed and earnings are inflated due to "accounting magic."  This increases the risk of a significant market correction particularly with a market driven by "hopes" of further central bank interventions.  This reeks of a risky environment, which can remain irrational longer than expected, that will eventually revert when expectations and reality collide. , The Philly Fed Just Signaled The End Of Obama's 'Jobs' Recovery? Hidden under the covers of this morning's already dismal headline print in the Philly Fed data was a considerably worse than expected employment sub-index. Historically this has correlated highly with the non-farm payroll print and suggests (albeit correlation is not causation but gathering real evidence of a slowdown is) that we are heading for a negative print in the next employment report. , Guest Post: We've Decoupled, Alright - From Reality In the U.S. economy, the driplines are debt-based spending and leverage. Thanks to endless intervention and manipulation, the economy is now totally dependent on massive debt-based spending and increased leverage for its "growth." The person or business that becomes dependent on welfare loses resiliency and resourcefulness. To the degree that economies become dependent on debt and leverage just like individuals and companies become dependent on welfare, entire economies lose their resilience and resourcefulness… , What Housing Recovery? Existing Home Sales Miss By Most In 2 Years , Another Double Digit Negative Philly Fed Print Means Fourth Miss In A Row , The Stunning Political Reality Of The Fiscal Cliff Debate , Goldman Adjusts Q2 GDP (Down) ... Again

Morning Snapshot Jul 19th, 2012 by News (USAGOLD) — Gold is well bid today, underpinned by heightened Mideast tensions and a corresponding rise in oil prices. Additionally, another round of disappointing US economic data has once again revived hopes of additional Fed measures to support the languishing economy. Nonetheless, the yellow metal continues to struggle ahead of $1600.Initial jobless claims, existing home sales, LEI and the Philly Fed index all missed expectations, prompting at least Goldman Sachs (but likely others) to revise their GDP forecast lower once again. Amid continued Fed opaqueness on the prospect of QE3, even the slightest hint of a weaker economy reinvigorates the QE3 crowd; essentially turning a negative into a positive, in the sense that bad data can cause stocks to rise as expectations of Fed action is heightened. Today’s data where significantly more than a ‘slight hint’…Probes above the 20- and 50-day moving averages this week are somewhat encouraging to the technical picture, but a convincing move back above $1600 is likely needed to prompt short-covering. More significant resistance is marked by the early-July highs at 1623.54/1624.64, which corresponds closely with the 100-day moving average.

• US Philly Fed index improved to -12.9 in Jul, but was below expectations of -8.0, vs -16.6 in Jun.
• US leading indicators -0.3% in Jun, on expectations of -0.1%, vs upward revised +0.4% in May.
• US existing home sales tumbled 5.4% to 4.37 mln in Jun, below market expectations of 4.62 mln, vs upward revised 4.62 mln in May.
• US initial jobless claims +34k to 386k for the week ended 14-Jul, above expectations of 365k, vs upward revised 352k in the previous week.
• Canada wholesale trade +0.9% in May, on expectations of +0.2%, vs +1.2% in Apr.
• Switzerland trade balance CHF2.25 bln in Jun, vs CHF2.52 bln in May.
• Eurozone current account (sa) €10.9 bln in May, vs upward revised €5.5 bln in Apr.
• Italy industrial orders (sa) +1.7% m/m in May, vs positive revised -1.8% in Apr; -9.4% y/y.
• UK retail sales +0.1% m/m in Jun, vs positive revised +1.5% in May; 1.6% y/y, down from negative revised 2.1% y/y in May.
• Japan All-Industry Index (sa) -0.3% m/m in May, vs +0.1% in Apr.
• Japan Leading Index (revised) -0.4% in May, vs +0.3% previously. Coincident index (revised) unchanged at -1.2%.
• Hong Kong unemployment rate (sa) steady at 3.2% in Jun.

7-18-12 Dave’s Daily: http://www.etfdigest.com DON’T FIGHT THE TAPE 7-18-12 ‘Search as one might for bullish news, there was little to be found from a normal perspective. Intel (INTC) delivers a poor report and outlook but the market rallies sharply. In fact, Intel is one of the largest gaining stocks in the DJIA Wednesday. It’s not a good idea to argue with the tape but the rationale for the rally is amusing naturally. Bank of America (BAC) reported earnings that beat while tech (XLK) continued to dominate with positive reports from VMWare (VMW) and EMC Corp (EMC). Bernanke’s last day of testimony offered few hints of more QE stating frankly the Fed’s balance sheet is limited but has “some” room. Most striking to me were his comments regarding the eurozone which were quite bearish to me: “The eurozone has not come close to a solution to its problems.” So, it remains “unfixed” but this item didn’t bother bulls either on Wednesday. We have long equity positions overall so are pleased by a rally but that won’t stop me from challenging conditions. Frankly, the elephant in the room remains the fiscal cliff and eurozone. Economic data from Housing Starts which beat estimates (.760M vs .745M expected & prior .711M); however New Housing Permits missed (.755M vs.775M expected & prior .784M) making the number a wash. But the trading algos liked the first number. Meanwhile the Fed’s Beige Book showed what we already knew—a slowdown is at hand even as some spun it positively. But, Bernanke testified Wednesday that he didn’t expect a recession but some might remember back in 2007 he stated assuredly “subprime was contained”. Stocks in the U.S. rallied because the momentum players have seized the tape. It’s reported that some are buying the S&P (SPY) for example paired with VIX call options as a hedge. That’s an interesting strategy. The dollar (UUP) was flat while commodities (DBC), (USO), (JJG) and (JJC) were stronger particularly abetted by the ongoing drought. Gold (GLD) remains weak as investors find it tiresome and seek greater returns. There’s plenty of rotation going on within sectors as we move abruptly between “risk on/off” sentiment. Wednesday financials (XLF) & (KBE) and REITs (IYR) were weaker while investors rotated to tech. Bonds (IEF) were slightly higher. Volume (not shown on your brokerage statement) remains pathetically light on rallies. Breadth per the WSJ was positive…’ , 11 International Agreements That Are Nails In The Coffin Of The Petrodollar http://albertpeia.com/endofpetrodollar.htm , UBS Issues Hyperinflation Warning For US And UK, Calls It Purely "A Fiscal Phenomenon" ZeroHedge.com Tyler Durden 7-18-12 From UBS: "We think that a creditor nation is less at risk of hyperinflation than a debtor nation, as a debtor nation relies not only on the confidence of domestic creditors, but also of foreign creditors. We therefore think that the hyperinflation risk to global investors is largest in the US and the UK. The more the fiscal situation deteriorates and the more central banks debase their currencies, the higher the risk of a loss of confidence in the future purchasing power of money. Indicators to watch in order to determine the risk of hyperinflation therefore pertain to the fiscal situation and monetary policy stance in high-deficit countries. Note that current government deficits and the current size of central bank balance sheets are not sufficient to indicate the sustainability of the fiscal or monetary policy stance and thus, the risk of hyperinflation. The fiscal situation can worsen without affecting the current fiscal deficit, for example when governments assume contingent liabilities of the banking system or when the economic outlook worsens unexpectedly. Similarly, the monetary policy stance can expand without affecting the size of the central bank balance sheet. This happens for example when central banks lower collateral requirements or monetary policy rates, in particular the interest rate paid on reserves deposited with the central bank. A significant deterioration of the fiscal situation or a significant expansion of the monetary policy stance in the large-deficit countries could lead us to increase the probability we assign to the risk of hyperinflation." , Bernanke's Libor Alternatives Libor is not a market determined interest rate, rather it is a trimmed mean from a survey of banks participating in a survey conducted on behalf of the British Bankers Association (BBA). There are a number of problems inherent in the survey-based Libor calculation. Chairman Bernanke was asked in testimony several times yesterday whether Libor should be dropped as a benchmark interest rate. His answer was Libor should be repaired or some market determined interest rate should be embraced as an alternative. He offered up 2 market-determined replacement possibilities for Libor: (1) Repo Rates; and (2) OIS rates. Both are market determined interest rates, but neither in our minds captures the essence of what Libor is supposed to measure. Stone & McCarthy's preference for a Libor alternative would simply be the eurodollar rate. , Guest Post: The Growing Pressures Likely To Blow The Eurozone Apart , Low Volume Equity Decoupling Becoming Farcical , Sicily Is Greece As Italy Provides EUR400 Million 'Risk-Free' Bailout/Loan , Spain Goes From Bad To Worse , So Much For "Housing Has Bottomed" - Shadow Housing Inventory Resumes Upward Climb Appropriately coming just after today's Housing Starts data, which captured MSM headlines will blast was "the highest since 2008" is the following chart from this morning's Bloomberg Brief, which shows precisely the reason why "housing has bottomed" - and it has nothing to do with organic demand rising. No, it has everything with excess inventory once again starting to pile up, which means that the imbalance in the supply and demand curves is purely a function of shadow inventory being stocked away, and that there is once again no true clearing price. , Guest Post: Bad Economic Signs 2012 , Are Big Banks Criminal Enterprises? Posted by : George Washington Post date: 07/18/2012 - 13:54 Updated Executive Summary / Cheat Sheet ... , City Of Compton Next On The Muni Bankruptcy Deck Because once the dominoes start, they don't stop. Stockton, Mammoth, San Bernardino and now legendary rap and LA riots nexus - the City of Compton. Fear not: the ESM, and the German population whose retirement age will have to be in the quadruple digit range to fund a broke world, has got this, too, covered. Also, only squares don't make fun of Meredith Whitney for saying municipal America is insolvent, so please do. , Guest Post: Organized Financial Crime Is Now The New Normal

Germany Would Leave the Euro… Well, Germans Are Already Using Deutschemarks Again! http://albertpeia.com/germanywillleaveeuro.htm ,

National Security Threat: Obama’s Birth Certificate Proven Fraudulent Watson | One of the biggest cover-ups in U.S. political history. http://albertpeia.com/obamasfraudulentbirthcertificate.htm

Why Are So Many Bad Things Happening To America? http://albertpeia.com/americacursed.htm

7-17-12 The Federal Reserve Is Not Going To Save Us From The Great Depression That Is Coming http://albertpeia.com/fedcantwontsaveusfromgreatdepression.htm ‘Federal Reserve Chairman Ben Bernanke delivered his annual address to Congress on Tuesday, and he did very little to give lawmakers much confidence about where the U.S. economy is heading.  Bernanke told members of Congress that recent economic data points "suggest further weakness ahead" and that the Federal Reserve is projecting that the U.S. unemployment rate will remain at 7 percent or above all the way through the end of 2014.  Now, it is important to keep in mind that Federal Reserve forecasts are almost always way too optimistic.  The actual numbers almost always end up being much worse than what the Fed says they will be.  So if Bernanke is saying that the U.S. unemployment rate will be 7 percent or higher until the end of 2014, then what will the real numbers end up looking like?  During his testimony, Bernanke seemed unusually gloomy about the direction of the U.S. economy.  He seemed resigned to the fact that there really isn't that much more that the Federal Reserve can do…’ , The New Depression: The Breakdown of the Paper Money Economy Jul 17th, 2012 15:10 by MK by Richard Duncan“When we broke the link between money and gold, this removed all constraints on credit creation. This explosion of credit created the world we live in, but it now seems that credit cannot expand any further because the private {and importantly, public} sector is incapable of repaying the debt it has already… , The End of the Bernanke Put is Here http://albertpeia.com/endofbernankeput.htm For well over a year, even after Ben Bernanke admitted that the consequences of QE outweighed the benefits , Dave’s Daily: http://www.etfdigest.com BULLS ASSUME QE3 WILL HAPPEN 7-17-12

“We have reached a profound point in economic history where the truth is unpalatable to the political class – and that truth is that the scale and magnitude of the problem is larger than their ability to respond – and it terrifies them.” Hugh Hendry

“Given the political realities, the Fed is the only game in town that can do anything to bolster the economy.” Senator Schumer

Naturally bulls assume QE3 will occur because it must politically. Members of congress made that plain today given the proximity of the election. Although Bernanke urged congress to avoid the so-called “fiscal cliff” that is drawing every nearer most polls brushed that off. So too did bulls who are desperate for a rally and expect QE3 will be there for the fix they need. End. Of. Story.Goldman Sachs did what most companies have successfully done—lowered estimates making “beating” these a snap. And despite earnings lower by 11% that beat estimates—it’s the only game in town. Other companies are guiding lower like Johnson & Johnson (JNJ) as the company’s unadjusted earnings plunged while adjusted earnings beat expectations slightly. Coca-Cola (KO) reported earnings that also beat. In late earnings news, Intel (INTC) reported earnings that disappointed by initial reaction as they cut outlook and Yahoo (YHOO) shares rose after its report.It’s interesting how, since the court ruling on Obamacare, the healthcare sector (XLV) has risen and done so in dramatic fashion. I guess the deal for healthcare providers allowed for more customers and their premiums immediately rose.Economic data primarily consisted of a negligible rise in the CPI (.2% “core”); GS Same Store Sales (.0% vs .3% weekly & yearly 2.6% vs 3% previous); Industrial Production rose (.4% vs.3% expected & prior -.1% while Capacity Utilization dropped to 78.9); and, Homebuilders Confidence rose to 35 which was this high in March 2007. We know what happened after that, eh? Anyway, closely related REITs (IYR) continue to move higher believing real estate has bottomed even though there aren’t much single family homes in the sector.Goldman Sachs lowered GDP estimates to 1.2% which remains in stark contrast to Fed forecasts of near 2%.In the eurozone things are “quiet” although some bullish pundits have described conditions as “stable” which for most would be a short-term transitory description. German Investor Confidence fell to -19.6 which isn’t much in the way of “stable”.In China the government has decided to increase rail construction by 9% hoping this would be stimulative. The Japanese tried the same thing over the past 20 years with little effect…just sayin’.Meanwhile crop conditions (JJG) continue to deteriorate throughout the growing regions meaning you’ll be paying more for ethanol and corn flakes.Large pension plans continue to struggle producing only meager returns. CALPERS, the large California public workers plan, returned only 1% for its fiscal year ending in June. Others seem to be in the same boat making it more difficult to meet payout needs.Bonds (IEF) continue to levitate a low yields as ZIRP continues to keep yields almost negative in the U.S.Stocks, after a weak intra-morning sell-off on lack of Bernanke QE3 hints, rallied in the afternoon since QE3 naysayers just don’t get it—it will be done by September at the latest…’ , Capitalism Versus Cronyism ZeroHedge.com Tyler Durden The sad 'this-is-how-politics-works' punchline of this brief animated clip is "those who can afford political influence get the benefits; and those who cannot afford it suffer the consequences" as Professor Matt Zwolinski attempts to balance the question the common claim that 'capitalism exploits the masses for the benefit of the few' - implicitly advocating increased government power - by suggesting (shock, horror) that government power may be more exploitative than free-market capitalism. In just over two minutes, Zwolinski argues that bigger government (thanks to cronyism among other things) makes citizens more vulnerable to exploitation given its power to coerce - intriguing given the recent comments by Obama. , Why Eurobonds Are Pointless , The Trade Off To Record Corporate Profits: Your Miserable Salary , Stocks Drink Gold's Kool Aid Milkshake , Intel Cuts 2012 Outlook INTC missed the Q2 topline ($13.5 billion vs Exp. of $13.54 billion), even as it met bottom-line estimates of $0.54, but it is the company's forecast for 2012 that has caught traders off guard, because the technology company is merely the latest one to revise its outlook for the year lower. , ZIRP Strikes Again: Pension Under-Funding For S&P 500 Companies Hits Record The public pension and retirement 'schemes' are in considerable trouble (as we noted here and here) and now, according to a recent S&P study, private companies are at record levels of pension under-funding. Fiscal 2011 shows that the under-funded level for S&P 500 companies' defined pensions reached an epic $354.7 billion - an increase of over $100 billion from 2010 and surpassing the 2008 record of $308.4 billion - and OPEB under-funding reached $223.4 billion. An aggregate $578 billion or 29.5% underfunding or the $1.96 trillion in obligations is increasing as the rates of return are reduced thanks to yet more unintended consequences of the Fed's ZIRP and perhaps most worrying is there comment that "The American dream of a golden retirement for baby boomers is quickly dissipating; plans have been reduced and the burden shifted with future retirees needing to save more for their retirement.  For many baby-boomers it may already be too late to safely build-up assets, outside of working longer or living more frugally in retirement." , Does Not Compute: PFG Head Says Spent Stolen Client Money To Comply With Regulator Demands Guest Post: Quite Possibly The Dumbest Thing I’ve Heard An Economist Say In the eyes of our most decorated ‘scientists’, the brilliance and guile of Ingvar Kamprad, Sam Walton, Ray Kroc, Asa Candler, Richard Branson, Steve Jobs, and millions of others are far less important than an effective government bureaucracy. His entire book, in fact, is an impassioned argument for even more government control and redistribution of wealth. Right… because it’s been working so well. These ideas are totally absurd. Yet this what passes as science today. And because it’s science, society simply believes it to be true. , The Post-World War II American Renaissance Lightning Will Not Strike Twice There have been quite a few stories comparing the post-WWII American economic "renaissance" with expectations that the same confluence of beneficial circumstances may repeat now, resulting in the same benign outcome. Many of these stories touch upon the key points debated in today's everyday politics: taxes, massive debt overhang, and the treatment of private business. Sadly, most of these stories are also just that: mythical representations of an idealized reality, which however have no analogy to what actually happened in the 1950s. In other words, none of the conditions that were in place in 1950 which allowed net US debt to decline from 80% of GDP to just 46% in one decade, are here now. , Are 401(k) Loan Defaults Set To Resurge? As they note, many people use the money to pay off other debt or to meet day-to-day expenses, and "Of course, participants are not deliberately defaulting," the study said. "They only do so when they have no other option." As unemployment rates look set to rise, one can only imagine that these 401(k) loan losses, based on their study, are set to rise significantly. , Peugeot, Its Record High Default Probability, And A Brief Primer On Corporate Viability Under Socialism , Guest Post: How White Collar Crime Became The "Business Model" Of Corporate/State America There are a number of cultural and governmental impediments to prosecuting WCCs. One of which is the corrupting influence of money to neuter regulations and to co-opt politically appointed regulators and prosecutors. Another is perception. Wealth in our country is equated with royalty or a high station in society, so people have a hard time seeing the white collar criminal as the deviant that he is. People have a hard time wanting to punish someone who looks nice, has nice clothes, drives a nice car, lives in a good neighborhood, went to a prestigious school, belongs to exclusive clubs, etc. vs. someone who does not have those things. If you're poor in this country, that's almost a crime in and of itself to some people. Conversely, rich people have all sorts of credibility, whether its deserved or not. Why should I listen to an actor about a topic that's not related to acting? Sure, he may have some interesting things to say, but he shouldn't be given automatic credibility on the subject and yet many people do just that. , Sicily Is San Bernardino: With First Italian Region On Verge Of Default, Montius Pilate Washes His Hands , Chuck Schumer To CTRL-P "Get To Work Mr. Chairman"... For The Benefit Of My Donors

7-16-12 These 12 Hellholes Are Examples Of What The Rest Of America Will Look Like Soon http://albertpeia.com/12hellholesvisionofamericasfuture.htm , Criminal Inquiry Shifts To JPMorgan's Mispricing Of Hundreds Of Billions In CDS: Is Dimon The Next Diamond? ZeroHedge.com Tyler Durden 7-16-12 , It's Different This Time: The Scariest Equity Market Chart Around While analogs for periods past have been shown time and time again, the striking similarity of the last four months of this year and the same period last year is becoming extremely worrisome. The rips and dips are of almost perfectly equal size and duration and retail and professional participation is also very similar. July 21st marked the top last year after failing to break the highs of a July 4th week peak (which occurred on low average trade size). It would appear the bulls are hoping that it's different this time - or else it is very scary with S&P 500 set for the magic 1200 Bernanke Put strike very soon. , Senate Throws The Book At HSBC Accusing It Of Massive "Money Laundering And Terrorist Financing", No Comment On NAR Money Laundering Yet Just because there is already an overflow of confidence in the financial system, here comes the Senate's Permanent Subcommittee On Investigations with a 340 page report detailing how HSBC "exposed the U.S. financial system to a wide array of money laundering, drug trafficking, and terrorist financing risks due to poor anti-money laundering (AML) controls." Of course, since HSBC is one of the world's largest banks, what it did was not in any way unique, and it is quite fair to say that every other bank has the same loose anti-money "laundering" provisions. What HSBC was likely most at fault for was not providing sufficient hush money to the appropriate powers in the highest US legislative administration. But at least tomorrow we will have yet another dog and pony show, accusing that HSBC did what the NAR does every single day. Because let's not forget that the National Association of Realtors lobbied for and received a waiver for anti-money laundering provision regulations: after all how else will US real estate remain at its current elevated levels if not for the drug, blood, and fraud money from various Russian, Chinese, and petrodollar kingpins, mafia bosses and otherwise rich people who need to launder their money in the US, in the process keeping Manhattan real estate in the stratosphere? But one can't possibly pursue the real truth if it just may impair the fair value of that backbone of honest, hard-working US society: still massively overpriced housing in a world in which those who need mortgages will never get them.

[Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”Today in Afghanistan, American troops have been seen guarding poppy fields used to make heroin. Those fields were all but wiped out by 2001 when the Taliban destroyed them and forbade that agricultural pursuit. Now they’re flourishing again after the American occupation. This doesn’t make sense despite all the mainstream reports that American troops are protecting the poppy farmers from the bad guys. Internet sites such as Prison Planet, Info Wars, The Political Coffeehouse and others report otherwise. They connect the CIA and US military to restarting the poppy fields in Afghanistan in 2002, increasing poppy growth by over 650 percent. Who’s telling it like it is? One way the CIA keeps their drug trafficking hidden from public view …’.

SHOCK: Justice Dept. will not prosecute Holder for contempt of Congress... [ Justice Department shields Holder from prosecution after contempt vote FoxNews.com | The Justice Department moved Friday to shield Attorney General Eric Holder from prosecution after the House voted to hold him in contempt of Congress. DOJ Says It Won't Prosecute DOJ Head Holder How should we say this: we are shocked, shocked, that the DOJ won't prosecute itself. BREAKING: DOJ says it won't prosecute Attorney General Holder after the GOP-led House voted to hold him in criminal contempt of Congress – Fox see also, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm House could arrest Holder with inherent contempt power The Washington Times | The thought is shocking, and conjures up a Hollywood-ready standoff scene between House police and the FBI agents. { Eh, what the heck…you can let that go…they’re hoodied blacks, not white like Nixon, etc…; and, be sure to hold on to your wallets, purses everyone ‘cause there’s black folk in the capital! }

FLASHBACK NYT: Roberts drugs 'can have troubling side effects, mental slowing and forgetfulness'... { Wow! Who woulda thunk it, known it! I certainly didn’t know of roberts’ condition. And, yes, the effects of said drugs are significant, serious as set forth above and over time particularly, debilitating. Roberts should step down, not that the u.s. supreme court is some font of reason, sound judgment, and wisdom, even lawfulness. Indeed, quite the contrary is true: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

Calpers Generates 1% Return, Misses Discount Rate Target By 87% , Guest Post: Consumers Flash Warning Signal , OMB's Stockman: "We're At The Fiscal Endgame" , Epic Santelli Rant On 'Un-American' Federal Reserve/Treasury Incompetence , The 4 Most Disconcerting Charts For European Equity Holders , Guest Post: The Real Libor Scandal , IMF Says Japan And Spain Are Done, "Debt Ratio Will Never Stabilize" , US Ship Mistakenly Fires On Friendly Boat Off Dubai, As Russia Condemns Saudi Treatment Of Religious Protesters , European Bank Spreads Jump To Worst Of Year , Goldman Cuts Its Q2 GDP Estimate Again To 1.1%, Just Above "Stall Speed" , Big Retail Sales Miss In Longest Collapse Streak Since 2008 Recession, Confirms US Consumer Zombification , The Problem In A Nutshell: Annualized GDP Growth Of 1%; Annualized US Debt Growth of 21% ,

Sorry Bulls, The Fed Will Not Engage in More QE. Http://albertpeia.com/nomoreqe.htm

The Largest Natural Disaster In U.S. History: The Endless Drought Of 2012 Will Bake America Well Into August http://albertpeia.com/bakedamerica.htm

7-13-12 Dave’s Daily: http://www.etfdigest.com http://etfdigest.com/commentary.html FRIDAY THE 13TH BAD NEWS BULLS 7-13-12 { I’d go even further than Dave in terms of cynicism and point to what is tantamount to the ‘pump and dumps’, programmed ‘churn and earn’, ponzis, etc., and posit that they already know the news is going to be bad because the reality is that the economy, financial institutions sitting on worthless paper marked to anything with many trillions in derivatives exposure, the nation, the system are all broke/broken and it’s merely their attempt in their fraudulent ‘alice in wonderland’ way to condition the Pavlov dogs of wall street et als to salivate on the prospect of bad news which is coming anyway. The fact is, fraudulent wall street’s paper churning gains by way of QE are Main Street’s and the real economy’s losses. There are no free lunches; so this is a great opportunity to sell/take profits since there’s much, much worse to come. Really! } ‘Fed voting member Lockhart was quoted saying: “It would take more bad news for more QE”. The bad news keeps on coming and bulls are anxious for QE since for many they’re addicted to it. Friday the 13th was a good demonstration for the “bad news bulls” crowd. Most news was terrible. Even JP Morgan’s (JOM) earnings news was bizarre given trading losses and incompetent management oversight. But there are some big players with skin in the game so they’ll take what they can get.Consumer Sentiment missed and was lower (72 vs 73.5 expected & prior 73.2). That’s the kind of news Lacker and bulls need more of I guess. In this ongoing Alice in Wonderland environment it then shouldn’t surprise that Consumer Discretionary (XLY) stocks were higher. The PPI was also higher .1% vs -.4% expected & prior -1%) which surprised many especially as the “core” rate came in at .2%. News from China indicated GDP fell more than expected (7.6% vs 7.7% expected & prior 8.1%). Of course this is respectable for most economies but not for China. Bulls expect massive stimulus from the PBOC.The Bank of England (BOE) is in QE mode now and perhaps Bank of Japan (BOJ) is said to follow. Stimulus is nothing new to Japan where the government has tried all manner of Krugman-like stimulus packages over the past 22 years. None have worked.In the U.S. QE and ZIRP has boosted stock prices ephemerally but has done little to lift employment or the economy. So, does doing the same thing over and over again without success make sense? It does for short-term trading desk and hedge fund profits—that’s all you really need to know. You’ll recall yesterday the NY Fed issued a report stating plainly the result of their recent policies is why the S&P is at 1300 vs 600 where it would be without this help. (By the way, Jamie Dimon is a director of the NY Fed.).Stocks (led by banks KBE & etc), commodities, and even the euro were strong as this out of the blue rally demonstrates. It’s hard to short when the Fed is hovering above and dangling more hints of QE-crack for the permabulls and HFTs. The only sector to experience some downside was bonds (IEF). Pick any other sector and it was only question of how much they rallied. Most pundits groped for details to explain the rally with comments like: “The confidence number was off some but still way off the bottom” and “…you eventually have to put some money to work” and “…some will point to China as providing more stimulus” and Warren Buffett has been trotted out to the media two days in row talking his book. And, so it goes. This day was reminiscent of the other out of the blue quarter end rally in June. That said, we’re long in portfolios around 40% with the balance in “cash”.Breaking: Late Friday news dump is Visa & Mastercard have reached a $7.25 billion settlement for overcharges with retailers.Volume was incredibly light but breadth per the WSJ was positive naturally. (It’s hard to trust a rally based on such little volume frankly.)…’ , 27 Things That Every American Should Know About The National Debt http://albertpeia.com/27thingsamericansshouldknowaboutnationaldebt.htm , Guest Post: Are Treasuries The Worst Investment In The World? ZeroHedge.com Tyler Durden Lots of people have made good profits on Treasuries by buying them and flipping them to a greater fool or a central bank. On the other hand, so did many during the NASDAQ bubble, or during the ’00s ABS bubble. Bubbles are profitable for some, and that’s why there have been so many throughout history. But once the money starts to dry up they become excruciatingly painful. In theory, there are no limits to how low rates could go. In theory, nominal yields could go deeply negative, so long as there are buyers coming into the market ready to buy at a lower rate, and a push a profit to bond flippers. The inherent value in a bond is its yield; everything else is speculation. It is hard to really call the timing on the end of a bubble. People and events can always get more irrational. Japan has kept the Treasury ball (painfully) rolling for far longer than most of us expected (through market rigging as much as anything else). But this cannot end well. , Ben Bernanke Has Created The Ultimate Bondsy Scheme , Low Volume Squeeze Takes Stocks To Green On Week S&P 500 e-mini futures (ES) traded up to almost perfectly recapture their 415ET close from last Friday after a 15-point, 30-minute ramp out of the gates at the US day-session open recouped five days of losses - as once again - we go nowhere quickly. Just for clarity: China GDP disappointed and provided no signal for massive stimulus; JPM announced bigger than expected losses, cheating on CDS marks, and exposed just how large their CIO was relative to income; Consumer sentiment printed at its worst this year; and QE-crimping inflation printed hotter than expectations - and we get a more-than-30 point rally in the S&P. Whether the fuel was JPM squeeze or another big European bank biting the liquidity dust and repatriating cajillions of EUR to cover costs (or Austria needing some cash for a debt payment), what was clear was equity market's outperformance of every other asset class - with the late day surge for a green weekly close particularly noteworthy. Apart from unch on the week, ES also managed to close right at its 50DMA, revert up to credit's less sanguine behavior intra-week, and up to VIX's relative outpeformance on the week (as VIX ended the week with its steepest term-structure in over 4 months). Treasuries ended the week 6-9bps lower in yield at the long-end (2-3bps at the short end) but the USD's plunge, on the absolute rampfest in EURUSD, took it back to unch for the week. Despite the USD unch-ness, Oil and Copper surged (on the day to help the week) up 2.5-3% on the week while even Gold and Silver managed a high beta performance ending the week up around 0.5%. ES ended the day notably rich to broad risk assets - and wil need some more weakness in TSYs and carry crosses to extend this - for now, the steepness of the volatility slope, velocity of squeeze, and richness of stocks to risk makes us a little nervous carrying longs here. , One Explanation For Today's Irrational Exuberance Since the EU-Summit, US and European equity markets have (in general) outperformed. From being in sync before the Summit, US equities went into the weekend with a sell-off, which then spurred a short-squeeze push as the S&P 500 was over-exuberant (relative to European equities) on the way up at the start of last week. That cracked back to reality at the end of last week - squeezing the over-levered longs to a significant underperformance relative to European equities. It would appear that in the last 24 hours, US equities are now rallying back to that European 'surreality'. Surreal because European stocks remain dramatically exuberant relative to European (peripheral spreads unch and AAA massively bid) and US (Treasuries bid) bonds and European corporate and financial credit. As we stand, the S&P 500 has retraced back to Europe's 'fair' perspective.

Full PFG CEO Suicide Note

Submitted by Tyler Durden on 07/13/2012

"I have committed fraud. For this I feel constant and intense guilt...

The forgeries started nearly twenty years ago...

Should I go out of business or cheat...

 I guess my ego was too big to admit failure..."

PFG Head Arrested

Submitted by Tyler Durden on 07/13/2012

UPDATE: Suicide note details added:

*WASENDORF SAID HE USED PHOTOSHOP, SCANNER IN FORGERY, U.S. SAYS

*WASENDORF SAID CHOICE WAS GO OUT OF BUSINESS OR CHEAT: U.S.

*WASENDORF'S STATEMENTS MADE IN SUICIDE NOTE, PROSECUTORS SAY

*PEREGRINE'S WASENDORF SAID `I HAVE COMMITTED FRAUD,' U.S. SAYS

While unable to successfully kill himself, it appears the CEO of PFGBest is even less successful at evading the police. As just reported,

*PFGBEST'S WASENDORF ARRESTED IN IOWA

*FED PROSECUTORS CHARGE IOWA FIRM CEO  W/ LYING TO REGULATORS:AP

*PEREGRINE CHIEF WASENDORF CHARGED BY FEDERAL PROSECUTORS (with making false statements to the CFTC)

*WASENDORF FRAUD AT PEREGRINE LASTED 20 YEARS, PROSECUTORS SAY

What is probably more concerning to him now is the fact that he was not a Presidential bundler - as the Big House is definitely calling...

U.S. investigates whether JPMorgan traders hid losses [ Duh! ]

Obama: Biggest mistake too much perspiration, not enough inspiration [What total b***s***!] { Biggest mistake: too much b***s***, not enough substance; that’s reality, not spin! } White House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm } Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... [ Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against sending the DREAM Act to the Senate floor for full consideration. The bill would have created a path to citizenship for many young illegal immigrants brought to the United States as children. Last week, Obama announced plans to stop deporting illegal immigrants who would have qualified for the DREAM Act. The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama desperation hail mary’ that once again falls short. Indeed, as an investor, one analyzes earnings, projects prospective earnings over a 3-5 year horizon, and the quality of the earnings along macro economic factors which are affected by ‘political considerations’. Does anyone remember the honorable Ross Perot who warned of NAFTA’s effect on american jobs even as the democrat administration et als were hell-bent on passing same? Should Romney have breached his legal duty to shareholders and invested in companies with poor earnings prospects? After all, in the financial / security analysis step of projecting the income statement, prospective labor costs figure prominently in the bottomline. In sum, Romney took conditions as he found them, and made the prudent choices which as per his legal duty were optimal for those who put their trust in him. For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. ]
Will accept your birthday or anniversary gifts, too...

IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES (Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT (Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United States of America while Barack Obama is President.  The evidence is overwhelming:  everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed.  Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each.  Nearly 2-1/2 million fewer Americans have jobs than before the stimulus. Barack Obama has been President for 30 months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.  He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW.  His broken campaign promises are too numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!

12 Factors That Are Turning The Streets Of America Into A Living Hell

http://albertpeia.com/12factorsamericancitieshellholes.htm

7-12-12 Two Myths That the Bulls Continue to Cling To Were Just Rendered Moot http://albertpeia.com/twobullmythsnowmoot.htm , Dustbowl: U.S. declares drought largest disaster area ever , Jobless claims fall as plants put off retooling ‘…A Labor Department official said the data, which is adjusted to account for normal seasonal swings, may have been skewed because some automakers postponed annual closures for retooling. That means the temporary layoffs for retooling may have simply been postponed…’ , Dave’s Daily: http://www.etfdigest.com INVESTORS BIDE TIME AHEAD OF EARNINGS 7-12-12 ‘Jobless Claims surprised (350K vs 375K expected & prior claim revised higher to 376K) which was a refreshing change. But, the week was interrupted by July 4^th Holiday which as an important occasion may have more than a one day effect. Then there were the massive and lingering power outages on much of the mid-Atlantic region. So next week’s data should be more revealing. Overseas markets were much lower on a hangover from Fed Minutes which didn’t offer bulls what they wanted. In fact, the end of quarter “eurozone is fixed” rally has been undone. In China and with GDP now at 7.7% (low by their standards) from 8.1% things look grim. In fact, Chinese leadership is more concerned with balancing more easing against an ongoing housing bubble—good luck with that.Another U.S. Treasury bond auction for the 30-year bond yielded 2.58% (TLT comparable) which is a stunning number given the duration risk investors must assume. Remember, there are large pension plans and other institutions that have a set allocation to bonds. Insurance companies generally must buy these maturities to meet actuarial tables and so forth. But you as a retail investor or financial advisor don’t have to participate. You might do as well or better, sans the duration risk, with an insured CD. As a side note, while this happy little auction occurred the U.S. budget deficit passed $900 billion as of June; but, we don’t want to talk about that do we? Imagine if interest rates were higher on our bonds how quickly we would collapse as a nation; but, again, we don’t want to talk about that either.The DJIA (DIA) was lifted higher at mid-day after William Ackman announced he had been accumulating a large stake in Procter & Gamble (PG). That caused the stock to rally at one point over 4% lifting the price-weighted index and the defensive Consumer Staples ETF (XLP). (Naturally, algos and HFTs have any DJIA heavyweight programmed as trigger to rock and roll.) Not so lucky in the sector was a (gulp!) 50% decline in SuperValu (SVU) shares which are also a weight (not too heavily now) in Consumer Staples. Nevertheless, the DJIA is what Main Street seems obsessed with generally and a day like today can be misleading.Meanwhile the Midwest drought continues to destroy crops causing grains and other agricultural products to gain in price once again (JJG) & (DBA). These products continued to rise despite another small rally in the dollar (UUP) as the eurozone remains “unfixed”. Base metals like copper (JJC) and precious metals like gold (GLD) continued to slump. Energy (USO) & (UGA) continued to advance modestly as the U.S. adds a greater presence to prevent any disruption in the Straits of Hormuz. This is part of the cost of having no coherent or effective energy policy in the U.S. since the mid 1970s - lots of folks to blame there, eh?Stock markets are about supply and demand like most others and despite the growth of assets in ETFs (mostly bonds lately) the money-flow to mutual funds continues to be negative. Below is a chart from Zero Hedge reflecting several years of negativity. So with redemption rates obviously higher, fund managers have little in the way of cash for fresh investments. When they sit down each morning they’re given a number of fresh cash demands from overnight redemption requests. Ultimately this is bearish naturally.With markets deeply in the red early the Ackman announcement was all bulls needed to get things reversed to the upside. Basically we’re just marking time before more earnings and data are released to either support bulls or bears. We’ll start to see some important reports from financial and banks beginning. JP Morgan (JPM) is on tap for Friday morning. This report will be much watched (not to mention manipulated…snicker) regarding recent trading losses, Libor involvement if any and their outlook. It should be a market mover.One of the most interesting stories of the day came late when a report from the Federal Reserve Bank of NY suggested that without Fed help the stock market would be 50% lower. This then is self-explanatory. Stocks closed Thursday’s session lower but well off their lows. Volume was lower by recent periods and breadth per the WSJ was negative…’ , Dow Down Six-In-A-Row As QE-On Hopes Fade Into Close ZeroHedge.com Tyler Durden Despite miraculous efforts to find the right fulcrum security to pressure stocks into the green for the day, equities end the day notably in the red after cracking (once again on heavy volume and large average trade size) into the close. Reverting as usual back to VWAP, the market was typically manic today with two significant QE-on pushes (Treasury yields lower as Stocks/Gold rallied with USD weakness) after the better-than-expected 30Y auction ended badly for stocks as it reverted rapidly back down to bond's reality into the close. Once again very close to record low yields in Treasuries - with 30Y yield down over 10bps on the week. Initial bids under Silver (which reverted up to perfectly sync with Copper on the week) and then WTI (over $86, post further sanctions) provided some correlated excitement for stocks but it was clear once again that the low volume liftathon was an exit opportunity for bigger players with financials and tech notably underperforming. Average volume and average trade size on the day in aggregate but the European close rally monkey just ran out of steam as 'size' stepped in to move ES down to its 50DMA and the Dow near its 200DMA to ends it sixth down day in a row. , Guest Post: The Race for Energy Resources Just Got Hotter , US June Deficit: $60 Billion, $17 Billion Worse Than Prior Year , The Chronology Of A Collapse: Santelli's Primer On The PFG Debacle , NYSE Short Interest Plunges By Most Since January, As Equity Outflows Hit One Month High { Remember, short interest is a contrarian indicator inasmuch as it’s indicative of prospective short covering which fuels/exaggerates rallies, however unfounded. } , Dummies Guide To Europe's Ever-Increasing Jumble Of Acronyms , Here Come The Libor Liability Estimates Just as we noted here, the analyst estimates for the potential impact of Libor (litigation and regulatory) liabilities have begun. Morgan Stanley sees up to a 17% hit to 2012 EPS (from $420 to $847 million per bank) in a worst case from just regulatory costs, and a further 6.8% potential hit to 2013 EPS if the top-down $400 million average per banks losses from litigation are taken on one year (considerably more if the bottom-up numbers of more than $1 billion are included). They see LIBOR risk in three parts: regulatory fines (we est median 7-12% hit to ‘12 EPS; litigation risk (7% EPS hit over 2 yrs); and less certainty on forward earnings. There are a plethora of assumptions - as one would expect - but the ranges of potential regulatory fine and litigation risk are very large though the MS analysts make the greater point that the LIBOR 'fixing' broadens investor support for more transparency in fixed income trading in addition to fixed income clearing leaving the threat of thinner margins as another investor concern. , Europe's Equities Catch-Down To Credit , Head Of GM Europe Steps Down , Jim Grant Discusses The Fed's 'Backward Shooting Gun', And Black Walnut Tree Treasury Replacements , Clarifying The Entirely Unremarkable Shift In ECB Deposits , $10 Billion Away From $10 Trillion According to the just released M2 update, the broadest publicly tracked monetary aggregate (because the Fed doesn't have enough money to keep track of M3) just hit $9,991.5 billion, a $43 billion increase from last week. In other words, this is the last week in which M2 is under $10 trillion. So enjoy it while the "complete lack of penetration" of the monetary base into broader monetary aggregates, and of the Fed's reserves so tightly locked up in bank vaults, is still only 13 digits (most of it comprising of bank deposits which of course represent no inflationary threat at all). Next week it will be a record 14 digits for the first time, and well on its way to surpassing the $15 trillion held in the deposit-free shadow banking system as the importance (and inflationary convexity) of the two is rapidly interchanged. , Citi: "The Market Will Form A 'Terminal' High" , Guest Post: Middle Class? Here's What's Destroying Your Future In broad brush, financialization enabled the explosive rise of politically dominant cartels (crony capitalism) that reap profits from graft, legalized fraud, embezzlement, collusion, price-fixing, misrepresentation of risk, shadow systems of governance, and the use of phantom assets as collateral.  This systemic allocation of resources and the national income to serve their interests also serves the interests of the protected fiefdoms of the State that enable and protect the parasitic sectors of the economy. The productive, efficient private sectors of the economy are, in effect, subsidizing the most inefficient, unproductive parts of the economy.  Productivity has been siphoned off to financialized corporate profits, politically powerful cartels, and bloated State fiefdoms.  The current attempts to “restart growth” via the same old financialization tricks of more debt, more leverage, and more speculative excess backstopped by a captured Central State are failing. Neofeudal financialization and unproductive State/private vested interests have bled the middle class dry.

7-11-12 19 Warnings About A Coming Global Financial Catastrophe http://albertpeia.com/19warningsofglobalcatastrophe.htm , Dave’s Daily: http://www.etfdigest.com TWO-WAY ACTION AS FED MINUTES RELEASED 7-11-12 ‘The FOMC Minutes were released at 2 PM and bulls were anxious to see some sign that a fresh round of QE was buried somewhere in the minutes. Apparently bulls didn’t think the release a few weeks ago of more Operation Twist, the published language and the Bernank’s press conference yielded enough clues. Anyway, bulls didn’t like what was in the minutes and sold stocks almost immediately. But then clearer heads prevailed and the 2:15 Buy Program Express was engaged a few minutes late to save the day. So as they say in the Army: “As you were” and stocks returned to only slight losses.The U.S. Treasury completed a historical 10-year bond auction (IEF) Wednesday. The “when issued” security was trading at 1.51% at 1 PM but the result was 1.459%, a new record low. What’s the message here and who were the buyers? This is mattress money since even officially low inflation rate makes this yield negative with duration risk to boot.Spain initiates new taxes, public employee wage cuts and other austerity measures which bring out protests in Pamplona running of the bulls style. Almost comically, Finland which has wanted collateral for any new bailout money has stated that “maybe” they’ll accept Spanish bank stock as collateral. Really? In other news the Washington Post no less points out that the eurozone will have to reduce and adjust its social contract forcing workers to retire later. For example, some countries like Italy provide 3 months of annual vacation which reduces the actual work years to 51.The dollar (UUP) was slightly higher and unusually gold (GLD) was slightly higher too. Combine gold, dollar and the bond auction and it spells fear. This is the environment we’re in and there’s little that can be done given global political BS. Within the Fed minutes today was this item: “business contacts say heightened uncertainty about future tax and regulatory policies put potential investment projects on hold". That little nugget says a lot about political gridlock, a lack of leadership and isn’t being reported by the media. Also from the meeting was this quote: “Several on the FOMC said the Fed should study ‘new tools’ for easing”. Whoever the “several” are is an admission that QE has been a long term failure only producing short-term results. And from our view it also promotes a serious misallocation of capital, screwing seniors and savers and creating an entire generation addicted to Fed crack. We still haven’t heard any fresh news about Peregrine’s theft of client money or much in the way of updates on MF Global’s missing funds. So where’s Corzine? How come he isn’t hounded like Madoff by the MSM? And then there’s the “LIEBOR” thing which is just another scandal under the rug while bulls wait for another fix from the Fed.Crude oil (USO) prices rallied nearly 3% after supply data showed a bigger decline than expected. Financial (XLF) and energy (XLE) sectors rallied primarily due to rallies in a few banks like JP Morgan (JPM) and Bank of America (BAC) and a report that consumers have upped their usage of credit card accounts by 11% versus a year ago. Still MasterCard (MA) and Visa (V) were lower on the day. Tech (XLK) remains a notable laggard held back primarily by semis (SOXX) amid continued warnings.Volume was lower than Tuesday but only slightly so, and breadth per the WSJ was mixed to negative…’ , Four Reasons To Be Even Less Optimistic About The Global Financial System Than You Were Last Month http://albertpeia.com/4reasonsforlessoptimism.htm , Brutal Gestapo Tactics Are Being Used Against Homeowners All Over America http://albertpeia.com/usgestapotactics.htm , Scenes Of Despair http://albertpeia.com/scenesofdespair.htm , US Attorneys General Jump On The Lieborgate Bandwagon; 900,000+ Lawsuits To Follow, And What Happens Next? ZeroHedge.com Tyler Durden , Biderman Demands New 'Non-Parasitic' Constitutional Convention , Guest Post: The Deleveraging Trap The debt-to-GDP ratio is gradually falling, yet it is still at a far higher level than the historical average, and it is still proportionately higher than industrial output. And at the same time, consumers are re-leveraging, and government debt is soaring. And industrial production is barely above where it it was a decade ago, and far below its pre-2000 trend line. We have barely started, and already this has been a slow and grinding deleveraging; rather than the quick and brutal liquidation like that seen in 1907 where the banking system was effectively forced into bailing itself out, the stimulationist policies of low rates, quantitative easing and fiscal stimulus have kept in business zombie companies and institutions carrying absurd debt loads. Like Japan who experienced a similar debt-driven bubble in the late ’80s and early ’90s, we in the West appear to have embarked on a low-growth, high-unemployment period of deleveraging; and like Japan, we appear to be simply transferring the bulk of the debt load from the private sector to the public, without making any real impact in the total debt level, or any serious reduction in the debt-to-GDP ratio. , "The Use Of Temps Is Outpacing Outright New Hirings By A 10-To-1 Ratio" , Two And Twenty And Zero To Show For It As Hedge Funds Underperform The Stock Market , The Seeds For An Even Bigger Crisis Have Been Sown , Despite Low Volume Schizophrenia, S&P Extends Losses To 5th Day , The "Contrarian" Permabull's Ultimate Guide To The Non-Zombie Economy Presenting, with little comment, the ultimate arbiter of the truth - First Trust's Brian Wesbury - discussing his "Mark-to-Market accounting is to blame for it all; the economy is fine and is not reliant on Fed QE; 80,000 jobs creating; Facebook wealth-building" view of the non-zombie economy. So we presume: Forget China, ignore Europe, the fiscal-cliff is a molehill, and once the government stops spending/growing (which is his angle) then all will be well with this thoroughbred economy - as opposed to his non-zombie plough-horse (that unfortunately just leads us down a path of low/slow growth, labor force participation-lagging, deficit spending, social welfare dependent dysphoria). , The Ever-Increasing Age Of Retirement , Desperate Acts Of Government Continued - Europe Edition , U.S. Gave Tens of Billions to Libor-Manipulating Banks ... Even AFTER Learning about the Manipulation Posted by : George Washington Federal Reserve REWARDS Fraud By Throwing Money At Criminal Manipulators , 10 Year Bond Smashes All Records In WTF Auction , Guest Post: Why We’re Light Years Away From Solving Our Problems , Gold Report 2012: Erste's Comprehensive Summary Of The Gold Space And Where The Yellow Metal Is Going , Syntagma Riotcam Resumes Broadcasting From Madrid Where Cops Use Rubber Bullets On Protesters , Wholesale Inventories Meet Expectations As Sales Plunge Most Since March 2009 , Goldman Cuts US Q2 GDP Two Times In Two Hours

7-10-12 The EU in Recession, the US is Entering a Recession and China is Lying About Its Growth http://albertpeia.com/euinrecessionusrecessionchinachinakissmyhina.htm , Dave’s Daily: http://www.etfdigest.com GYPSIES TRAMPS AND THIEVES 7-10-12 ‘We started Tuesday on a more positive note as UK Factory Output surged 1.2% vs .1% expected. (Although, inside the numbers it was noted a holiday was moved from May to June. Remember, algos don’t look too far under the hood.) Italy also posted better industrial output at .8% vs expected -.6%. (They must be forcing some to work now.) The Bank of Japan (BOJ) is increasing its asset purchases (QE) by another $200 billion from $680 billion. Not much the BOJ has done has brought much success to relieve its 20-year slump. Most aren’t aware that debt to GDP in Japan is now approaching 200%. Meanwhile, the world’s problem child, the eurozone saw the German high court assert they won’t have a decision on the constitutionality of the EMS bailout facility for three months as noted in Der Spiegel. This throws a serious monkey wrench into bailout timeliness. Perhaps the joke of the day came from Spain which vowed that bailout money would be used for a “deep clean-up” of the financial sector. Another story from Bloomberg suggested the Fed knew all about the LIBOR bid fixing in 2007. Elsewhere Bob Diamond of Barclays was accused of being a liar.In other news, Futures Commission Merchant (FCM) Peregrine Financial is accused of another MF Global-like theft of customer funds to the tune of $200M. Oh, and about that MF Global deal: where’s Corzine and the financial media on this story? The 10-year U.S. Treasury bond (IEF) dropped to 1.49% Tuesday which indicates a “risk off” environment. Gold (GLD) fell sharply as the dollar (UUP) rallied once again. Commodities (DBC), (USO) and (JJC) overall were weak especially as the dollar rallied.Earnings warnings are dominant now as Applied Materials (AMAT) followed Advanced Micro Devices (AMD) with bellwether Cummins (CMI) and Mako Surgical (MAKO) also warning. So the beat goes on and it’s a wonder there is any buying whatsoever.Stocks which began the day higher started to breakdown after the German court announcement and fell further on the accumulation of amazingly crummy news. Some bulls are anxiously awaiting Wednesday’s release of Fed minutes which might contain a kernel of QE hints. But we’ve heard from the Fed already and the Bernank already had his news conference, so what’s to know?Volume picked-up some from Monday’s weak effort and breadth per the WSJ was negative…’ , The Corn Is Dying All Over America http://albertpeia.com/corndyingoveramerica.htm , More profit warnings hit Wall Street - NEW YORK (Reuters) - Stocks fell for a fourth day on Tuesday as more pessimism from companies compounded worries the sluggish world economy is taking a toll on profit growth. A sales warning from engi... , BofA cutting commercial banking jobs: sources , Barclays' Diamond accused of misleading inquiry , China's slowing economy claiming firms' CEOs, profits , PFG's Chairman Was Forging Bank Documents For Years Even As The CFTC Gave An "All Clear" ZeroHedge.com Tyler Durden 7-10-12 , Bearish Enough To Buy? The Real Fear Index Says Not So Fast , Labor Unions: The New, Old SuperPACs? Much has been said about the evil crony capitalism inflicted upon America as a result of PAC, SuperPACs, corporate donations, and just general bribery on behalf of America's corporations in broad terms, and Wall Street in narrow (and Private Equity firms in uber-narrow) terms. But is there an even bigger destabilizing force of "cronyness" in America? According to the WSJ, there well may be: labor unions. Yes: those same entities that are so critical for Obama's reelection campaign that the president abrogated property rights and overturned the entire bankruptcy process in the case of GM and Chrysler, to benefit various forms of organized labor at the expense of evil, evil bondholders (represented on occasion by such even more evil entities as little old grandmas whose retirement money had been invested in GM bonds), appear to have a far greater impact in bribe-facilitated decision-making than previously thought. , Equities Smash Back To Risk-Asset Reality , Guest Post: Peak Employment ‘…we have already passed Peak Employment and the downward trend will continue, perhaps disguised by increasingly more part time employment.’ , ECRI's Achuthan: "The US Is In Recession Already" ‘Lakshman Achuthan, co-founder of the Economic Cycle Research Institute, spoke with Bloomberg Television’s Tom Keene today and said that, "What we said back in December was that the most likely start date for the recession would be in Q1 and if not then, by the middle of 2012. I’m here to reaffirm that. I think we’re in a recession already." And just like us, the anagrammatic ECRI economist believes that "It is not all about GDP. It is about jobs. It is about income and sales. A recession is a vicious interplay among output, input, employment, income and sales" noting that recessions don't generally start with a cliff (that everyone looks for) adding (rather ominously): "there is this belief that somehow government or a central bank will stave off a recession. For the last 220 years, you do some history with Hamilton, which ended in a duel by the way... you have had 47 recessions. Why are we going to avoid the 48th?" ‘ , China Imports More Gold From Hong Kong In Five Months Than All Of UK's Combined Gold Holdings , Five Ominous Charts For Q2 Earnings , Gordon Brown Sold Britain’s Gold at Artificially Low Prices to Bail Out a Large American Bank Posted by : George Washington Post date: 07/10/2012 - Governments Don’t Manipulate the Price of Gold … Do They? , FRaCTuReD ReSeRVe FaiRY TaiLs... Posted by: williambanzai7 Post date: 07/10/2012 - "The few who understand the system, will either be so interested from it's profits or so dependent on it's favors, that there will be no opposition from that class."--Rothschild Brothers of London... , Obama’s Middle Class Tax Scam Posted by: Bruce Krasting Post date: 07/10/2012 - A tax break that is a tax increase. ‘…What the President didn’t say in his speech yesterday is far more important than what he did say. He did not say word one about the 2% Social Security tax break that has been on the books the past few years. What this means is that the FICA tax break is going to expire. When it does, every worker’s paycheck is going to get hit by 2%.In the 2012 Social Security Trust Fund report to Congress the Trustees estimated that total FICA (SS taxes) would amount to $733.4B in 2013. The 2% increase in FICA taxes in 2013 will increase workers tax load by $120B. Therefore the combined effect of extending the sub-250k tax cut and the increase in FICA comes to a paltry $30B.Even worse is the way in which the increase in FICA taxes will be felt by workers making $60K or less. (The average annual wage in the US is $42,000). Households in the lower tax brackets will not get much benefit from extending the Bush tax cuts, but they will, on average, see their take home pay reduced by $1,200 a year. , Biderman Blasts The Bernanke Put And Questions QE-Hopers Scoffing at the smugness of a CNBC talking head suggesting he is long-term bullish because of the Bernanke Put, TrimTabs' CEO Charles Biderman empirically analyses the effects of QEs-past and just as we have noted again and again - highlights the fact that without at least a 15% drop in stocks, Bernanke will not ride to the rescue. Based on his analysis of wage and salary growth, he believes the US economy is now starting to contract in line with what is going on in Europe and the rest of the emerging world. , Federal Reserve Admits It Knew Of Barclays Libor "Problems" In 2007 And 2008 , Eminent-Domain 'Transfer Of Wealth'-Program Challenges Remain , First MFG(lobal), Now PFG: Who Is Next?

7-9-12 25 Signs The Collapse Of America Is Speeding Up As Society Rots From The Inside Out http://albertpeia.com/25signsacceleratedamericancollapseandrotwithin.htm , 14 Incredibly Creepy Surveillance Technologies That Big Brother Will Be Using To Spy On You http://albertpeia.com/14creepygovernmenttechnologiestospyonyou.htm , The US is Entering a Recession In the Worst State in the Post WWII Period… Right As the Fed Realizes It’s Out of Ammo http://albertpeia.com/usenteringrecessionworstinpostww2.htm , Formal complaint seeks disbarment of Eric Holder in DC , Dave’s Daily: http://www.etfdigest.com ‘A SLOW LIGHT VOLUME MONDAY 7-9-12 According to MarketWatch, Monday’s haven’t been kind overall to stock markets in 2012. Things in the eurozone are still unsettled for lack of a better term. The EU was supposed to get everything ironed-out this week but right out of the gate Spain asked for and received an extension on its budget deficit due to the deteriorating economy. Bank of Japan apparently is ready to increase its QE (bond buying) efforts as the Bank of England has increased theirs. The Peoples Bank of China (PBOC) has joined the easing activities by lowering rates and of course the ECB has been at it for some time in the eurozone. SF Fed President John Williams in a speech today seemed friendly to increasing Fed QE (QE3) given the deterioration in the U.S. economy.At some point we enter uncharted waters since we’ve never experienced this amount of money printing without positive effect. After all can anyone really say it’s actually working or has worked? Liquidity injections by most evidence have had only ephemeral effects at least in boosting stock prices over the short-term. When then is pushing on a string finally going to be just that?Consumers took on $17 billion in new debt divided among credit cards, auto loans and student loans. This is either a good thing for the economy or not depending on your view. We know student loans are in a bubble and just today UBS downgraded Visa (V) and MasterCard (MA) to sell from neutral.Oil (USO) rose Monday as a strike in Norway has shut down most production. Meanwhile gold prices rallied slightly on thoughts of more QE and the dollar (UUP) also fell. Standout performers remain in the agricultural sector as weather is hurting crops which has seen (JJG) & (DBA) continue recent rallies. Bonds (IEF) & (MBB) continue along with higher prices also on QE hopes.Stocks bounced around most of the day mostly lower despite the obligatory end of day pump higher to minimize the damage. Stock market leader and heavyweight (AAPL) continues to be a leader. Its weighting and performance can mask underlying weakness throughout. Healthcare stocks continue to lead as a sector since Obamacare will provide HMOs in particular with a load of new customers.After the close, Alcoa (AA) was first of the major companies to report earnings. Estimates had been slashed 47% by most analysts making a beat easier and the company obliged once you could wade through all the adjustments. Earnings after adjustments came in at 6 cents vs 5 cents expected on revenues of $5.96 billion versus $5.8 billion estimated. Alcoa projected aluminum demand would grow 7% in 2012. The stock rose slightly in late trading as this is written.Also breaking late, Advanced Micro Devices (AMD) preannounced 10 days ahead of earnings, cuts to Q2 revenue by 11%, where it had seen 3% rise previously.Volume was ridiculously light as traders were no doubt slow to return from the holiday week. This made it easy for the HFTs to push things around. Breadth overall was negative…’ , Futures Brokerage PFG Best Freezes Accounts Following Discovery Of Accounting Irregularity ZeroHedge.com Tyler Durden , On Gold As A Hyperinflation Put , Egan-Jones Downgrades Netherlands And Austria To A, Negative Watch , Earnings Season Preview: +9.7% 2012 EPS Growth Still Too High By now, it seems clear that the US earnings season will be softer than was forecast a couple of months ago. In fact, there was more negative guidance during the second quarter than any time in this cycle and Morgan Stanley, like us, believes these soft results and weaker guidance are not fully discounted into a QE-hungry market. Lower oil, a stronger dollar (e.g. a one-standard deviation appreciation in the US Dollar against a basket of currencies decreases expected S&P 500 earnings by 2.6%), lower 10-year yields and a preponderance of evidence of lighter growth from economically sensitive companies are reasons for a lower view of Q2 EPS than we previously expected as UBS notes the 'official' US Q2 reporting season kicks off in earnest today with Alcoa followed by over 3,000 global companies reporting in the next two months. At the sector and stock level UBS sees particular risk around some of the higher rated areas such as consumer staples and consumer discretionary, where relative multiples are high and expectations are demanding and while they see consensus estimates for 2012 global EPS growth have been falling - at 9.7%, they remain too high given the Eurozone crisis / policy response; deteriorating global macro data; and the corporate profit cycle - and in that order of importance. , Scranton Mayor: Minimum Wage For All Or Become Stockton , Two-Thirds Of Voters Say Obama Has Kept His Promise Of "Change", Although 56% Find He Has Changed It For The Worse , The Perfect Storm - Santelli Meets Farage The undisputed champion of European political ranting (UKIP's Nigel Farage) discussed the sad reality of Europe's inevitable demise with the reigning US chief of non-hype Rick Santelli in a no-holds-barred cage-match of like-minded skeptics. From Rajoy's incompetence to the 'genius of mutual indebtedness', Farage explains the problem is 'bedeviled with complexity' as, for example, the last summit left "the Finnish and Dutch finance ministers leaving with a very different perspective on what happened than the rest" and now even Merkel is arguing domestically what she has and has not agreed to. From the simple self-referential idiocy of Spain's EUR100 billion bailout - that creates vicious circles on all the peripheral 'bailing' nations; to "the same bundle of money going round and round in circles" leaving Nigel tempted to describe it as "a giant ponzi scheme"; Santelli, not to be outdone, explains how the US is just such a money-circulating ponzi scheme as "one part of the government issues debt as another part is buying". The ECB, of course, is becoming plagued with more and more of the ponzi-like peripheral paper and as Farage notes "the day Greece leaves the Euro - and it will - the ECB is left with a massive paper loss" leaving the ECB under-capitalized - which in all its wonderful craziness means "it has to go and get fresh capital from the other countries that themselves have been bailed out and are in fact in trouble". A farcical perfect storm as the "medicine is killing the patient", and he fears if the nettle is not grasped (Euro break-up) now then the markets will overwhelm the whole thing this summer. , Guest Post: The Real Fiscal Cliff More and more Asian nations — led by China and Russia — have ditched the dollar for bilateral trade (out of fear of dollar instability). Tension rises between the United States and Asia over Syria and Iran. The Asian nations throw more and more abrasive rhetoric around — including war rhetoric…, The Hope-To-Reality Gap "Europe looks as bad as we thought it would, but our US economic outlook was too optimistic" is how JPMorgan's Michael Cembalest describes the recent environment…, Japan Machinery Orders Implode As Global Economy Grinds To A Halt , Roubini On 2013's "Global Perfect Storm" And Greedy Bankers "Hanging In The Streets"

7-6-12 White House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special consideration alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. }

http://albertpeia.com/10waysobamakillingjobsinamerica.htm

Obama administration repeats same jobs line — for the 30th month

Dave’s Daily: http://www.etfdigest.com VOLATILE HOLIDAY WEEK 7-6-12 ‘The vacation and volume reduced week was anything but peaceful. All things considered, the roller coaster ride continues. Friday’s employment report induced sell-off was interesting given two things: either a plea for more QE now or just a confirmation of descending economic conditions. As to the former, the Bank of England is engaging in more QE with little in the way of positive impact. Therefore, perhaps more QE from the Fed may have little impact beyond an initial cheer. After all, 2.5 swings at the problem haven’t helped at all. China was cutting interest rates this week and so too was European Central Bank (ECB). And, how’s that going? Not so well.Economic data beyond a poor employment report (80K jobs vs 90K expected & the unemployment rate remained @ 8.2%). The underemployment rate increased slightly (14.9$ vs 14.8% previous) indicates more people out of work. Further most new jobs were for part-time help. Early in the week the all important ISM Mfg Data cratered (49.7 vs 53.5 previous) meaning the economy is weakening rapidly.Bailout success in the eurozone has once again become “unfixed” as squabbling over restructuring and extensions are the order of the day and week. Meanwhile as Spanish yields soared once again most citizens would rather focus on the running of the bulls in Pamplona—out of sight, out of mind.Earnings will start rolling out next week and we’ve seen estimates being rapidly reduced by analysts perhaps cynically allowing for some beats.The bottom line in the U.S. and globally is conditions are deteriorating and for most just suck.U.S. stocks for the week were only slightly lower dependent on the major index viewed. As the DJIA (DIA) was hitting its 50 day moving average a story appeared in the WSJ indicating the Fed is contemplating and deliberating more QE. That leak led to some late day buying. Leading U.S. sectors remain REITS (IYR), homebuilders (ITB) and biotechnology (XBI). Bonds (IEF) continued to rally as did the dollar (UUP) against the euro (FXE) and Swiss Franc (FXF). The Swiss for example are fighting furiously to maintain the recent peg to the euro as inflows there continue mostly from southern European countries. Commodity prices (USO), (DBC), (GLD), and (JJC) fell as the dollar’s strength knocked prices lower.Given the holiday and half day trading Tuesday volume overall remains light. Most investors were phoning their orders if they were trading at all. Breadth per the WSJ was quite negative…’

There Will Never Be Enough Jobs In America Again

http://albertpeia.com/neverenoughjobsinamericaagain.htm

The Beatings Will Continue Until Morale Improves: 10 Ways That Obama Is Killing Jobs In America

http://albertpeia.com/10waysobamakillingjobsinamerica.htm

Germany Will Bail On the Euro Rather Than Bail the Euro Out

July 5, 2012 By gpc1981 http://albertpeia.com/germanywillbailoneuro.htm

You've Seen It Before, And Here It Is Again: "The Chart That Tears Apart The Stimulus Package" ZeroHedge.com Tyler Durden ‘…"QE 2 Was A Disaster: Here Is Why US Fiscal "Stimulus" Was  A Complete Failure As Well", because, well, QE2 was a disaster…’ , Equities Close Week Red Even As Hilsenrath Prevents Rout ‘A 10 point rally off the lows, thanks to a well-timed Hilsenrath-rumor, dragged stocks up to their day-session opening levels (and unsurprisingly perfectly to VWAP)…’ , Class Action Lawsuit Filed Against GM For Channel Stuffing , Spain May Not Be Uganda, But Will America Soon Be Argentina? , The Four Scariest Charts For Hope-Filled 'De-Cuppers' , European Money Market Industry Shutting Down As Goldman Closes MM Fund, Says In "Unchartered Territory" , Guest Post: Border Controls Are Back In Europe , Have Banks Been Manipulating Libor for DECADES? Posted by : George Washington Post date: 07/06/2012 - 18:03 Regulators Say Libor Manipulation Started in 2005 ... But Industry Veteran Closely Involved in the Libor Process Says that the Rate Has Been Manipulated for 15 Years

7-5,3-12 The Biggest Financial Scandal In History? http://albertpeia.com/anotherbiggestfinancialscandal.htm ‘We always knew that the financial markets were rigged, but this is getting ridiculous.  It is now being alleged that 20 major banks have been systematically fixing global interest rates for years.  Barclays has already been fined hundreds of millions of dollars for manipulating Libor (the London Inter Bank Offered Rate).  But Barclays says that a whole bunch of other banks were doing this too.  This is shaping up to be the biggest financial scandal in history, and criminal investigations have been launched on both sides of the Atlantic.  What those investigations are likely to uncover could shake the financial markets to their very core.  In the end, this scandal could absolutely devastate confidence in the global financial system and it could potentially bring down a number of major global banks.  We have never seen anything quite like this before.

What Is Libor?

As mentioned before, Libor is the London Inter Bank Offered Rate.  A recent Washington Post article contained a pretty good explanation of what that means....

In the simplest terms, LIBOR is the average interest rate which banks in London are charging each other for borrowing. It’s calculated by Thomson Reuters — the parent company of the Reuters news agency — for the British Banking Association (BBA), a trade association of banks and financial services companies.

Why Does Libor Matter?

If you have a mortgage, a car loan or a credit card, then there is a very good chance that Libor has affected your personal finances.  Libor has been a factor in the pricing of hundreds of trillions of dollars of loans, securities and assets.  The following is from a recent article by Maureen Farrell....

These traders influenced the pricing of the London Interbank Offered Rate or Libor, a benchmark that dictates the pricing of up to $800 trillion of securities (yes trillion)…’

Equities Fumble As Broke Banks Mounting ZeroHedge.com Tyler Durden 7-5-12 , Thunder Road Report On The Death March: Approaching A New Financial System , The Next Imminent Bailout: Eminent Domain It seems that governmental efforts to save the underwater and ineligible homeowner from his own fate are reaching fever pitch. Not only do we hear today of the up to $300mm in Agriculture Department Rural Housing Service loans that may have financed ineligible projects or borrowers with a high potential inability to repay the loans; but yesterday's WSJ reports on the growing call for 'eminent-domain' powers to be used by local government officials in California to stop the "housing bust's public blight on their city". In yet another get-out-of-jail-free card, the officials (helped by a friendly local hedge-fund / mortgage-provider) want to use the government's ability to forcibly acquire property to remove underwater homes, restructure the mortgage (cut principal), and hand back the home to the previously unable to pay dilemma-ridden homeowner. As PIMCO's Scott Simon puts it: "I don't see how you could find it anything other than appalling", as this would crush property prices further and drive up borrowing costs. As we noted earlier, until these mal-investments are marked to market, there will be no useful growth in our credit-bound economy but transferring wealth to the 'mal'-investor seems like a terrible idea. , 80% Of The World's Industrial Activity Is Now Contracting , Guest Post: Guess Who’s Bailing Out Bankrupt Western Governments Now... Fourteen years ago during the Asian financial crisis, Indonesia endured a currency collapse, a severe 2-year recession, and an embarrassing IMF bailout. Western bureaucrats wagged their fingers incessantly at Indonesia, lecturing the country about the dangers of excess and fiscal irresponsibility. How sweet the irony is. In a stunning rags-to-riches story, Indonesia contributed US$1 billion to the IMF last week in order to help bail out bankrupt Western nations. Unlike Japan, the US, and Europe — which all seem to think the answer to an economic bust brought on by a debt-binge is to borrow and spend even more money– Indonesia took its medicine when its economy collapsed back in 1998. Ironically, US President Barack Obama spent some of his childhood in this same suburb of Jakarta. Unfortunately, as he pulls out all stops to cling to power for a second term, the kind of tough decisions that could help the US emerge from its economic malaise have no chance of being made. It’s the ENTIRE system that’s the problem. And that goes for nearly every Western, “free market,” democracy out there.

7-2-12 Kicking The Can Down The Road http://albertpeia.com/kicksinthecandowntheroad.htm ‘Has Europe finally been saved this time?  Has this latest "breakthrough" solved the European debt crisis?  Of course not, and you should know better by now.  European leaders have held 18 summits since the beginning of the debt crisis.  After most of the preceding summits, global financial markets responded with joy because European leaders had reached "a deal" which would supposedly solve the crisis.  But a few weeks after each summit it would become clear that nothing had been solved and that the financial crisis had actually gotten even worse than before.  How many times do they expect us to fall for the same sorry routine?  Nothing in Europe has been solved.  You can't solve a debt problem with more debt.  European leaders are just kicking the can down the road…’ , 12 Incredible Obamacare Quotes That Show That Our Wretched Healthcare System Is Headed Directly Into The Toilet http://albertpeia.com/americanhealthcaretoilet.htm ‘You might as well stick a fork in the U.S. healthcare system because it is finished.  Even before Obamacare, Americans paid far more for healthcare than anyone else in the world.  Now thanks to Obamacare we will be faced with much higher health insurance premiums, much higher taxes, much longer waits to see doctors and more government bureaucrats involved in our lives than ever before.  As I have written about previously, the U.S. healthcare industry is a horrible mess, and now Obamacare is going to take the entire system directly into the toilet.  All over America today, families are going broke because of outrageous health insurance costs and suffocating medical debt, doctors are going broke and leaving the profession because they can't make a living, and sick people are dying because they cannot get the care that they need.  So what solution does Obama give us?  A nearly 3,000 page monstrosity that will destroy what is left of our crumbling healthcare system and that will unleash 16,000 new IRS agents to hunt down the millions of Americans that do not currently have health insurance.  For those that love Big Brother socialist totalitarianism, Obamacare is a dream come true.  For the rest of us it is a total nightmare. , If One Storm Can Turn D.C. Dark For Several Days, What Would A Massive EMP Burst Do? http://albertpeia.com/empburst.htm , Asian shares inch up as weak factory data boost Fed hopes { What’s wrong with this headline? Answer: The fact is that the so-called ‘fed hopes’ have failed and put the real economy on the ropes! } , On The USD's (usdollar’s) Demise ZeroHedge.com Tyler Durden Last week the BEA published it preliminary take on the international investment position (IIP) of the country. As Citi's FX team note, the IIP measures foreign investment assets minus native assets owned by foreigners. In the US, the IIP has been negative (meaning the US is a debtor nation) since 1985. The US’s IIP deficit reached USD 4.03trn in 2012, up sharply from 2.47trn in 2011. As a share of nominal GDP, the IIP deficit reached a record (for the US) of -27%.  Commonly accepted wisdom based on a combination of models and experience is that an IIP bigger than +30% of GDP or smaller than -30% is a problem. On the IIP surplus side, having too big of a net creditor position leads to a perennially strengthening currency that chokes out industry and stokes deflation (think JPY). On the IIP deficit side, having too big of a net debtor position leads to a debt spiral. High debt leads to reluctant external creditors charging ever high interest rates, which leads to economic stagnation and ultimately crisis. The US may not be able to run another dozen years of 3-6% current account deficits without starting to look like a ponzi scheme - but while risk aversion flows (and rates) suggest there is little to worry about, we have noted again and again the moves behind the scenes in global trade flows to shift away from the world's current numeraire. , The Dark (Pool) Truth About What Really Goes On In The Stock Market: Part 2 ‘…researched what was going wrong at Trading Machines. The document was a detailed blueprint of a high-frequency method that was said to be popular in Chicago’s trading circles. It was called the “0+ Scalping Strategy.”…’ , The MK2 Grenade: Mike Krieger And Max Keiser Take On The World Of Financial Crime , Unsealed Documents Expose Morgan Stanley Forcing Rating Agencies To Inflate Ratings , Guest Post: The Great LIBOR Bank Heist of 2008? , Joe Saluzzi: HFT Parasites Are Killing The Market Host , The Dark (Pool) Truth About What Really Goes On In The Stock Market: Part 3 , Global Growth Outlook Weakens Three weeks ago we noted that Goldman Sach's Global Leading Indicator (GLI) and its Swirlogram had entered a rather worrying contraction phase. Today's update to the June GLI data suggests things got worse and not better as momentum is now also dropping as well as the absolute level. This continued deterioration in momentum suggests further softening in the global cyclical picture. Of particular concern is the broad-based deterioration in the GLI’s constituent components in June. Nine of ten components weakened last month, only the second time this has occurred since the depths of the recession in 2008Q4. The June Final GLI confirms the pronounced weakening in global activity in recent months. Goldman has found elsewhere (as we noted here) that this stage of the cycle, when momentum is negative and decelerating, is typically accompanied by deteriorating data and market weakness. , Big Banks Have Criminally Conspired Since 2005 to Rig $800 Trillion Dollar Market Posted by : George Washington Post date: 07/01/2012 - 21:40… But Receive Only a Light Slap on the Wrist , 77% of JP Morgan’s Net Income Comes from Government Subsidies Posted by: George Washington Post date: 07/01/2012 - 15:44 JP Morgan Sucks at the Government Teat , Sorry Folks, Spain Isn’t “Saved” And The Next Leg Down is Coming Soon / The Exact Moment Greece Will Leave the Euro gpc1981 http://albertpeia.com/greeceyspainpain.htm , Chief Justice John Roberts Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } , Houston, We Have Contraction , China's Landing Getting Harder As Stimulus Fails To Prime Pump , As US Closes June With $15,856,367,214,324.44 In Federal Debt, US Debt/GDP Hits Post WWII High Of 101.5%

Murdoch Dissatisfied With "Weak" Romney, Allies Say http://albertpeia.com/senilepenalmurdoch.htm { Yeah; murdoch prefers the ‘tougher’ gay choom gang banger wobama alternative. More cream pies in his face cries the senile old media meister. Yeah; the majority of the electorate think just like billionaire murdoch. Let’s not kid ourselves…murdoch’s totally gone…even the wisdom of his company’s breakup/split into two companies is being seriously questioned. …’ Murdoch wrote on Twitter. "Tough O Chicago pols ( Aah! Riiiiight! Just want the country needs; crime, corruption, cook county politics, capone/chicago style , hudson county/jersey city/newark,n.j. style, etc.; … Even LA’s substantially better than that; and, make no mistake, as ‘wobama country’ LA’s pretty bad, etc.) …will be hard to beat unless he drops old friends from team and hires some real pros’… First reality: He could hire some real pros without dropping old friends…In the final analysis, even americans will prove smart enough and not sufficiently self-destructive enough and as such, will not embrace proven failure with more proven failure. People must realize the magnitude of wobama’s failure and the unaffordable, insurmountable expense of obfuscation: ‘…those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure...’ ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … )

POLL: Obama drops 8 points with whites...
... 13-point plunge among young voters

Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... [ Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against sending the DREAM Act to the Senate floor for full consideration. The bill would have created a path to citizenship for many young illegal immigrants brought to the United States as children. Last week, Obama announced plans to stop deporting illegal immigrants who would have qualified for the DREAM Act. The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama desperation hail mary’ that once again falls short. Indeed, as an investor, one analyzes earnings, projects prospective earnings over a 3-5 year horizon, and the quality of the earnings along macro economic factors which are affected by ‘political considerations’. Does anyone remember the honorable Ross Perot who warned of NAFTA’s effect on american jobs even as the democrat administration et als were hell-bent on passing same? Should Romney have breached his legal duty to shareholders and invested in companies with poor earnings prospects? After all, in the financial / security analysis step of projecting the income statement, prospective labor costs figure prominently in the bottomline. In sum, Romney took conditions as he found them, and made the prudent choices which as per his legal duty were optimal for those who put their trust in him. For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. ]
Will accept your birthday or anniversary gifts, too...

[ I’d say rupee is full of poopee and a bit mixed up and ‘all over the place’ in his (senile) ‘thought process’ as he seeks to cover all bases! Murdoch paper endorses McCain | Media | guardian.co.uk

www.guardian.co.uk ›

Sep 9, 2008 – Rupert Murdoch may have told his biographer that he favoured Barack Obama rather than Hillary Clinton because he'll sell more papers but ...

New York Post Endorses McCain: What Role Did Murdoch Play?

www.huffingtonpost.com/.../new-york-post-endorses-mc_n_124730....

Sep 8, 2008 – Back in May, NewsCorp CEO Rupert Murdoch admitted that he had "played a role" in the decision of the New York Post (which he owns) to ...

Barack Obama's Unlikely Supporter Rupert 'Fox News' Murdoch ...

finance.yahoo.com/.../Barack-Obama’s-Unlikely-Supporter-Rupert-'F...

May 29, 2008 – Murdoch's not-quite-but-almost endorsement of Barack Obama for ... Murdoch added that after a long career in the Senate, McCain had been ..., etc… ] }

CHICAGOLAND: 7-Year-Old Girl Gunned Down While Selling Lemonade Outside Home... { An all too familiar sight in crime/corruption ridden wobama-land-chicago! }
MCCONNELL: 'Sold to American people on a deception'...
CURL: Gift to Romney... { This may seem somewhat counterintuitive and a bit of a rationalization; but, it is absolutely true. So true in fact, that wobama will come to be compared to Pyrrhus of Ephyrus (W. Greece) since realization of what this legislation won’t do for americans and the economy and what it actually does will not have the galvanizing effect that striking the bill down would have had on voters who were thinking ‘another free lunch from the government’ will save them (we all now know better, no such thing). Yes, in somewhat European tradition, defacto bankrupt america is keeping up with the (ie., rating agencies Egan) Joneses. After all, we all know how well this European program model is working out for Europe (and any other nation that’s tried it). In the final analysis, this and such programs as the contraindicated bailouts for the unprosecuted frauds on wall street, etc., will prove to be the ‘camel-back breaking’ moment for america; and, a pyrrhic victory for the egregiously failed president wobama. America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … }

HISTORIC: HOUSE VOTES HOLDER IN CONTEMPT...
DEM HOODIED BLACKS PLUS WALK OFF FLOOR...

{ In sum, to conclude, though comfortably familiar to aussie murdoch, himself the product of penal colony progeny in what has now tantamount to a global penal colony with inmates running the institution/asylum, rupee the poopee is less comfortable with fact/reality of his global irrelevance. Moreover, the inmates who neither see nor hear are not children of a lesser God; but rather, children of a lesser world. Lamentably for some as he, God has not nor ever will abolish capital punishment with time of the essence. From a pragmatic and least self-destructive perspective, realize that give enough rope to blacks, they won’t hang themselves, they will hang you. That’s just the way they are and wishing and hoping won’t change that predisposition. Quite simply, the blacks are laughing at the foolish whites among other ‘rainbow’ colors:

SHOCK: Justice Dept. will not prosecute Holder for contempt of Congress... [ Justice Department shields Holder from prosecution after contempt vote FoxNews.com | The Justice Department moved Friday to shield Attorney General Eric Holder from prosecution after the House voted to hold him in contempt of Congress. DOJ Says It Won't Prosecute DOJ Head Holder How should we say this: we are shocked, shocked, that the DOJ won't prosecute itself. BREAKING: DOJ says it won't prosecute Attorney General Holder after the GOP-led House voted to hold him in criminal contempt of Congress – Fox see also, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm House could arrest Holder with inherent contempt power The Washington Times | The thought is shocking, and conjures up a Hollywood-ready standoff scene between House police and the FBI agents. { Eh, what the heck…you can let that go…they’re hoodied blacks, not white like Nixon, etc…; and, be sure to hold on to your wallets, purses everyone ‘cause there’s black folk in the capital! } ]

PAPER: Obama's grandfather tortured by the British? A fantasy (like most of the President's own memoir)... { http://albertpeia.com/wobamaschoomgangfantasy.htm }

ALL TRUTH PASSES THROUGH THREE STAGES. FIRST, IT IS RIDICULED. SECOND, IT IS VIOLENTLY OPPOSED. THIRD, IT IS ACCEPTED AS BEING SELF-EVIDENT.--ARTHUR SCHOPENHAUER , http://albertpeia.com/40piecesevidenceusdecline.htm , http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm , http://albertpeia.com/50economicnumbersofuscollapse.htm , The Smartest Guys in the Room Are Screaming "Get Out of the Markets!" Todd Harrison , It's Official: US Debt-To-GDP Passes 100% Durden on 12/21/2011 , Mark Faber: "I Am Convinced The Whole Derivatives Market Will Cease To Exist And Will Go To Zero" Durden , Morgan Stanley On Why 2012 Will Be The "Payback" For Three Years Of "Miracles" And A US Earnings Recession Durden on 12/23/2011 , Wall Street's Biggest Blunders in 2011 By Simon Maierhofer | ETFguide , Tough Year For Stocks, Gold And Treasury ETFs Did Better Forbes , 'OBVIOUSLY UNSERVICEABLE DEBT TO WEIGH ON STOCKS IN 2012’ http://www.bullfax.com/?q=node-obviously-unserviceable-debt-weigh-stocks-2012 12/23/2011 By Chris Ciovacco , My Christmas Cards Predict "Eternal Conflict" And "Economic Disaster" Forbes Robert Lenzner , A Very Scary Christmas And An Incredibly Frightening New Year http://theeconomiccollapseblog.com , Interbank Markets Are Telling Investors To Sell The Rally … Again http://www.bullseyemicrocaps.com/?p=30070 12-23-11, In 2011, The S&P Moved 877 Times For Every Point Of Change Durden on 12/23/2011 (Churning and earning by the frauds on wall street!) , Core Durable, Capital Goods Orders Miss Despite Inventory Stuffing, To Push Q4 GDP Lower; Savings Rate Declines Durden on 12/23/2011 So much for ending the year on a positive economic tone: today's November durable goods number, while better than expected on a headline basis including volatile transportation data coming at 3.8% on expectations of 2.2%, was a big disappointment when looking at the core economic indicators such as Durables ex-transportation and non-defense capital goods orders ex-transportation, both of which missed IT IS YOUR RESPONSIBILITY TO THINK. Q3 GDP: PROGNOSIS NEGATIVE http://community.tradeking.com/forum/categories/general/topics/8022-it-is-your-responsibility-to-think-q3-gdp-prognosis-negative/forum_posts by The Otter Way on December 22, 2011 , IF A GLOBAL RECESSION IS NOT LOOMING, THEN WHY ARE BAILOUTS FLYING AROUND AS IF THE END OF THE WORLD IS COMING? http://www.theeconomiccollapseblog.com/archives/if-a-global-recession-is-not-looming-then-why-are-bailouts-flying-around-as-if-the-end-of-the-world-is-coming ‘I have learned that watching what people do is much more important than listening to what they say.  Back in 2008, financial authorities in the United States insisted that everything was gone to be okay.  But we all know now that was a lie… , AP http://albertpeia.com - 12-22-11 - Well, here’s the story of the fraud market in in a nutshell this day ‘YAHOO[BRIEFING.COM]: ‘…Shares of Micron Technology (MU 6.41, +0.87) rallied 15.7% after the company released a disappointing earnings report. The company announced a loss of $0.19 per share, $0.09 worse than the Capital IQ Consensus Estimate while indicating revenues rose 20.9% year/year to $2.09 billion. The revenues number fell short of the consensus estimate of $2.12 billion…’ … oh riiiiight! … the ‘Christmas rally’ … fraudulent wall street’s ‘giving spirit’ … as in self-serving greed as in prior pre-crash frauds … , Dave’s Daily: http://www.etfdigest.com 12-22-11 ‘Markets are being well managed by the bulls. Jobless Claims data was about the same as previously, but frankly how much is from people finding some seasonal work and those losing benefits? The GDP data at a measly 1.8% isn’t very encouraging for this period in a recovery—it should be more like 4%. Just as troublesome as the GDP data was that per-capita disposable income is now reported to have been shrinking at an annualized -1.9% rate during the third quarter. That’s a very bad sign. But for now we could just ignore all the poor earnings we’re seeing recently and go with “the beard” over the next week. After all global monetary authorities have indicated they’re ready to back up all too big to fail financial institutions. The Bernank confirmed his Keynesian bona fides by telling Americans to stop saving and start spending. http://i238.photobucket.com/albums/ff171/flyfry/new%20album/image004-78.jpg Our good friends at Consumer Metrics have rendered their critical and thoughtful judgment on current economic and consumer data.All the hoopla over a payroll tax cut extension amounts to $80 total. And, as Obama himself has pointed out, not doing this would negatively affect Friday pizza nights—it’s pretty hilarious...’ , Final Q3 GDP Misses As Personal Consumption Drops Big Durden on 12/22/2011 , PIMCO Releases 2012 Economic Forecasts; Presenting The Wall Street 2011 Market Forecast Track Record Durden on 12/22/2011 See chart (Note the understated inflation numbers and what will prove to be overstated GDP numbers which are far from ‘real’ owing to debased Weimar fiat currencies being printed like mad – they’ve all gone ‘fraudulent americana’ with budding banana republics everywhere): http://albertpeia.com/cyclicaloutlookdec2011.png , Death By a Thousand Cuts ilene 12/22/2011 , The Weather Outside: Still Frightful The Wall Street Journal , U.S. Economy Grew Less Than Previously Estimated in Third Quarter Wall St. Cheat Sheet , http://theeconomiccollapseblog.com If A Global Recession Is Not Looming, Then Why Are Bailouts Flying Around As If The End Of The World Is Coming? , Getting Worse: 40 Undeniable Pieces Of Evidence That Show That America Is In Decline , 50 Economic Numbers From 2011 That Are Almost Too Crazy To Believe , The Collapse Of The Euro, The Death Of The Euro And The End Of The Euro , Child Poverty In America Is Absolutely EXPLODING – 16 Shocking Statistics That Will Break Your Heart , Mega Fail: 17 Signs That The European Financial System Is Heading For An Implosion Of Historic Proportions , The Tim Tebow Comeback Story Continues But There Will Be No Miracle Comebacks For The U.S. Economy , Shocking Charts And Statistics That Prove That America Is No Longer A Wealthy Nation , Greek "Voluntary" Restructuring On Verge Of Collapse As Hedge Fund Vega Threatens To Sue Greece For Excessive Haircut Durden , S&P Joins Moody's In Downgrading Hungary To Junk, Outlook Negative - Full Note Durden , Guest Post: Legality Of MF Global Asset Transfer Questioned Durden , Guest Post: Worse Than 2008 Durden , New Bill Authorizes Rendition of American Citizens Living within the United States to Other Countries for Torture Durden , Has the Global Economy Been Zapped by ZIRP? (Zero interest rate policies – Yes!) Minyanville  Eugene Linden Dec 21, 2011 , NAR reduces recent home sales index 14.3% Dec 21st, 2011 (HousingWire) , Realtors Lower 2007-2010 Home-Sales Estimates by 14% The Wall Street Journal , Getting Worse: 40 Undeniable Pieces Of Evidence That Show That America Is In Decline The Economic Collapse | December 21, 2011 http://albertpeia.com/40piecesevidenceusdecline.htm , http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm , http://albertpeia.com/50economicnumbersofuscollapse.htm , 3 REASONS TO FADE TODAY'S RALLY http://www.bullfax.com/?q=node-3-reasons-fade-todays-rally 12/20/2011 By Plan B Economics #1. There are about 19 million empty homes in America…#2. The housing starts growth is massively skewed to structures with 5 or more units…#3… Today's rally was fueled by vapor… , Oracle Misses Earnings, Sales Estimates, Stock Tumbles The Wall Street Journal , Ten Reasons To Fear And Loathe Markets In 2012 Forbes Robert Lenzner #1. European Sovereign Debt .. #2. The ramification  for the US  from Europe is  a reduction of 1% growth in US GDP.. #3. Continued pressure on the earnings and book values of both European and US banks.. #4. Continued  selling pressure on the prices of key commodities.. #5.  The imbecility of extending the payroll tax deduction for only two more months.. #6. Residential housing market still mightily impaired and not expected to recover for another 3 years.. #7. Antipathy individual investor for long term equity investing.. #8. Expectation reduction $1.2 trillion from US budget over next 10 years.. #9. Overall theme of  deflation, deleveraging can only mean lower asset prices.. #10.  Chance of social unrest in China, upheaval that affects move to consumer economy,  and lack of leadership from 10% of global economy.., We’ve Reached the End Game For Central Bank Intervention http://gainspainscapital.com December 19th, 2011 , Derivatives group spent $674K lobbying in Q3 AP , PORTER STANSBERRY OF STANSBERRY RESEARCHTHE CORRUPTION OF AMERICA The numbers tell us America is in decline... if not outright collapse. http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://www.albertpeia.com/stansberrysinvestmentadvisory.flv , Banks Will Still Be Under-Capitalized, UBS Does The LTRO Math Durden on 12/21/2011 , Bill Gross: Enjoy The Santa Rally - The Hangover Is Coming As "US Is Not An Island" Durden on 12/20/2011 , The Previously Unthinkable Becomes A Planned Event testosteronepit 12/20/2011 At all levels: preparations for the collapse of the Eurozone. Even the public is now encouraged to prepare for it. , Dave’s Daily: http://www.etfdigest.com ROBO SANTA SQUEEZES SHORTS December 20, 2011 , Speculation drives up food prices as bankers gamble on hunger Guardian , Video Explanation Of How The ESM Is Europe’s Uber-TARP On Steroids Zero Hedge , { Drudgereport: Investors Lose Faith in Stocks As Billions Pour Out of Funds... , DANGER: Fed asks banks to keep more cash at hand... , IMF: World economy at a 'very dangerous juncture'... , FED-EX guy chucks package over fence -- a computer monitor! , UK's AAA credit rating threatened by 'formidable challenges'... , 'Miracle' if France keeps it... } , The Denouement From Europe's Debts Won't End Well Forbes , STOCKS BOOM AFTER EUROPE SOLVES NOTHING: Here's What You Need To Know Business Insider , Early – ‘Response: The Summit Is A Failure’ Durden 12/09/11 , Worries grow over IMF loans to Europe WASHINGTON (Reuters) , Dave’s Daily http://www.etfdigest.com BIG BANKS HIT December 19, 2011 ‘There are some really odd things occurring – the eurozone naturally leads the list. Italy and Spain will contribute funds they don’t have to the IMF, which then in turn will lend it back to them. That’s something sillier than a Ponzi scheme…’ , Minyanville's T3 Daily Recap: Banks Lead Market Decline as Europe Discusses Break-Up Contingencies Minyanville , STOCKS SLIDE AND BANKS GETS CRUSHED: Here's What You Need To Know Business Insider , Market Recap: Basel and Draghi Drag Down Stocks Wall St. Cheat Sheet , Bureau Of Labor Statistics Caught Red Handed Leaking Confidential Employment Data Durden on 12/19/2011 , Guest Post: Why Oil Prices Are Killing the Economy Durden on 12/19/2011 , Bank of America Lists The "Other" Risks For 2012 Durden on 12/19/2011 ‘..Bank of America has also put together yet another list of "other" risks for 2012, which as BofA's Martin Mauro says, "have persisted or become worse over the course of the year, but have escaped market attention due to the spotlight on Europe." The risks .. i) Hard landing in China; ii) Currency wars (competitive currency devaluation); iii) Middle East oil supply shock and iv) Municipal default fears. The only thing we would add is that these are not really risks, as they are all developing processes in some stage of deterioration...’ , Gallup Finds Unemployment Rises For Fourth Week In A Row, Cautions On BLS Data Durden on 12/19/2011 Gallup, which unlike the BLS, does not fudge, Birth/Die, or seasonally adjust its data, has just released its most recent (un)employment data. And it's not pretty: for all those hoping that the Labor Participation Rate fudge that managed to stun the world a few weeks ago with a major drop in the November jobless rate, don't hold your breath. Gallup which constantly pools 30,000 people on a weekly basis, has found that for the past 4 weeks, both underemployment and unemployment have risen for 4 weeks in a row. And while the number of US workers "working part time and wanting full-time work" one of the traditional short cuts to boosting US jobs has risen to almost a 2 year high, it is the Job Creation Index in December which plunged in the last week, confirming that the Initial Claims data out of the BLS has been spurious and is likely to revert back over 400k on short notice. In summary, here is how Gallup debunks the BLS' propganda…’, A Quick And Dirty Look At Japan's Nearly ¥1 Quadrillion In Debt Durden on 12/19/2011 , Santa Claus Is Not Coming to Town, Says Technical Analyst (Bartels/Merrill Lynch) The Wall Street Journal Gongloff ‘…Last week the S&P 500 fell below its 50-day moving average, which is the new level to watch — 1228. A failure to move above and hold the 50-day moving average confirms to us that we have already begun to enter the phase of testing the October lows near 1100-1074.This pattern is becoming eerily similar to 2008 into 2009. A base building process has been underway since August but we have maintained the belief that the lows still need to be tested and undercuts to 985-935 are possible (50% probability) as part of this process…’ , ‘When "Positive Surprises" Are Surprisingly Meaningless’ http://hussmanfunds.com/wmc/wmc111219.htm December 19, 2011 John P. Hussman, Ph.D ‘... As economist John Williams observes, "starting in October, a divergence developed: Whereas year-to-year change in BLS estimated payroll earnings continued at a more-or-less constant, positive level, tax receipts fell quite markedly. Where the Treasury numbers reflect full reporting, the BLS data are sampled, heavily modeled and usually heavily revised. The implication is that the BLS has overstated average earnings and payrolls meaningfully in recent months."… An important point here is that almost no current investors have experienced this more typical 1970's-type market setback. When one of these old fashioned but typical declines occurs, professional investors, conditioned by our more recent ephemeral bear markets, will have a permanent built-in expectation of an imminent recovery that will not come. "For the record, Exhibit 1 shows what the S&P 500 might look like from today if it followed the average flight path of the 10 burst bubbles described above. Not very pretty." http://hussmanfunds.com/wmc/wmc111219c.jpg We can't disagree, though I also believe there still remains some short-run ability of policymakers to distort market forces, to badly misallocate capital in the process, and to wreck the economy more thoroughly in the long-run… FACING A GLOBAL ECONOMIC DOWNTURN In the past few months, our own measures of economic risk have remained persistently unfavorable.. The OECD publishes its own set of leading economic indicators on developed and developing countries. Notably, we've never observed deterioration to the extent that we presently observe, except when the U.S. was in or entering a recession. http://hussmanfunds.com/wmc/wmc111219d.gif …’ , Psssst France: Here Is Why You May Want To Cool It With The Britain Bashing - The UK's 950% Debt To GDP Durden 12/18/2011 While certainly humorous, entertaining and very, very childish, the recent war of words between France and Britain has the potential to become the worst thing to ever happen to Europe. Actually, make that the world and modern civilization. Why? Because while we sympathize with England, and are stunned by the immature petulant response from France and its head banker Christian Noyer to the threat of an imminent S&P downgrade of its overblown AAA rating, the truth is that France is actually 100% correct in telling the world to shift its attention from France and to Britain. So why is this bad. Because as the chart below shows, if there is anything the global financial system needs, is for the rating agencies, bond vigilantes, and lastly, general public itself, to realize that the UK's consolidated debt (non-financial, financial, government and household) to GDP is... just under 1000%. That's right: the UK debt, when one adds to its more tenable sovereign debt tranche all the other debt carried on UK books (and thus making the transfer of private debt to the public balance sheet impossible), is nearly ten times greater than the country's GDP…’ , Goldman's Take On TARGET2 And How The Bundesbank Will Suffer Massive Losses If The Eurozone Fails Durden on 12/18/2011 Two weeks ago in "Has The Imploding European Shadow Banking System Forced The Bundesbank To Prepare For Plan B?" we suggested that according to recent fund flow data, "the Bundesbank wants slowly and quietly out." , The MF Global Trade Is Not Coming To (European) Town - Why The ECB's 3 Year LTRO Is The Latest Bailout FlopDurden on 12/18/2011 On Friday, as the Eurobond market was briefly soaring, we attributed the move to sentiment that was best captured by a note out of Morgan Stanley's govvie desk: "The carry trade is happening, there is no doubt about it…, Things That Make You Go Hmmm - Such As Europe's "Comprehensive Solution" Durden on 12/18/11 Five months ago, Zero Hedge first boiled down the math of the European bailout as follows: "The Fatal Flaw In Europe's Second "Bazooka" Bailout: 82 Million Soon To Be Very Angry Germans, Or How Euro Bailout #2 Could Cost Up To 56% Of German GDP." , Guest Post: America’s Iraq Experience: Invasi-Eradicavi-Turbavi Durden on 12/18/2011 Julius Caesar undoubtedly was showing off with his Veni-Vidi-Vici (I came, I saw, I conquered) when referencing to his short war outside Zela (Zile) in Turkey over two millennia ago.  Similarly, if we were to use a short catchy-comment for the almost nine years America has invested in its “Iraq Mission,” we would be on target by condensing the US experience in also three Latin words, although not as melodic this time: Invasi-Eradicavi-Turbavi which sadly stand for, I invaded, I destroyed and I threw-into-chaos. No matter what the Pentagon and White House tell us, the fiasco in Iraq likely stands as the most costly mistake in America’s history, a true Keystone Kops type of political dark comedy.  And it wasn’t a bad or flawed decision by a singular moron or group of morons – Bush the Younger, Sadist Cheney and Loquacious Rumsfeld composing the original warpath triumvirate, together with two dozen equally deranged staff of their inner circles.  Unfortunately, this time Congress, together with a brainwashed public, closed rank with an evil and criminal White House.  So, whether the American citizenry likes it or not… the Iraq conflict wasn’t just Bush’s war, but “the peoples’ war,” a war with a dangerous aftermath yet to come, one we’ll likely be paying for in the future with additional blood and treasure. , Newspaper Chaired By Private Equity Head Shockingly Endorses Mitt Romney For President; Ron Paul On Jay Leno Durden on 12/18/2011 A few hours ago the Des Moines Register threw its support behind the Bain Capital founder, and the man now known to have actively destroyed any trace of his public "service" before his 2007 Massachusettes office handover (with a pending response to a Reuters FOIA, which will disclose just what it was that Romney was so tenuously shredding)… , Graham Summers’ Weekly Market Forecast (Deflation’s Back Edition) http://gainspainscapital.com December 19th, 2011 The markets have entered a new round of deflation. The only asset class that has yet to realize this is stocks… , Bank of America 2012: The Worst is Yet to Come (TheStreet) , 7 Reasons The S&P Will Close 2011 Below 1100 http://www.bullfax.com/?q=node-7-reasons-sp-will-close-2011-below-1100 12/16/2011 , DEBT IS ENDEMIC IN OUR SYSTEM... AND THE DELEVERAGING WILL BE BRUTAL FOR BUSINESSES AND INVESTORS ALIKE http://www.zerohedge.com/contributed/debt-endemic-our-system-and-deleveraging-will-be-brutal-businesses-and-investors-alike PCR 12/16/2011 ‘.. Again, what’s happening in the US is NOT a garden-variety cyclical recession. It is a STRUCTURAL SECULAR DEPRESSION. And the reason is that we are currently witnessing the collapse of the greatest debt bubble of all time. Indeed, 2008 was the first round of this. We’re now heading into the second round in which entire countries will go bust. Remember, stocks were the last to “get it” in 2008. They’re the last to “get it” today too. And when they finally DO “get it,” (BUST)..’ , 50 Economic Numbers About The US That Are "Almost Too Crazy To Believe" Durden 12/16/211 The Economic Collapse Blog does a terrific job of periodically putting together a compilation of the scariest data points about the US economy. , Moody's Takes S&P's Place - Downgrades Belgium By Two Notches To Aa3 Durden , Net EUR Short Position Soars To All Time Record, Implies "Fair Value" Of EURUSD Below 1.20, Or Epic Short Squeeze Durden , Guest Post: Startling The Global Community, Canada Withdraws From The Kyoto Convention Durden , Fitch Revises French Outlook To Negative Durden , And The Euro Downgrade Hits Just Keep On Coming, This Time Fitch PLACES BELGIUM, SPAIN, ITALY, IRELAND, SLOVENIA AND CYPRUS ON RATING WATCH NEGATIVE Durden , Fitch places Belgium, Spain, Slovenia, Italy, Ireland and Cyprus on rating watch negative. Dec 16th, 2011 (Fitch Ratings) , Swiss Join Suffering as Europe Crisis Ripples Dec 16th, 2011 (Bloomberg) , SEC charges ex-Fannie, Freddie CEOs with fraud , All Over the World, People Are Yanking Money Out of Stock Funds The Wall Street Journal , Richard (RJ) Eskow: Mr. President, Stop Protecting Bankers From These Law Enforcement Officials (The Huffington Post) , Obama’s Depression Stephen Lendman | Obama wrecked America’s economy to save giant Wall Street banks. , Out of Chaos, Order: Now IMF Seeks Collective, World Bail-Out of Europe (that would be good money after bad and wouldn’t succeed anyway since as with america, there isn’t enough real value to do so – not goin’ to happen) The Daily Bell , Census data: Half of U.S. poor or low income AP , 50 Economic Numbers From 2011 That Are Almost Too Crazy To Believe The Economic Collapse , Downward Spiral Dec 16th, 2011 by News BY MOHAMED EL-ERIAN (ForeignPolicy) — Europe entered the year with an acute emergency in the periphery of the eurozone, the European Union’s elite 17-member club that shares a common currency. Misdiagnoses and inadequate policy responses allowed the contamination to travel sequentially from the outer reaches of the zone (Greece, Ireland, and Portugal) toward its inner core.In this first of three morphings in 2011, Italy and Spain were disrupted as interest rates soared, turning liquidity concerns into solvency ones. France was then impacted, with its AAA rating threatened by its exposure to the neighborhood’s problems. Then Germany, Europe’s strongest economy and the one that everyone looks to for a solution, had to contend with the embarrassing failure of a highly visible government debt auction. …These are consequential developments whose impact will be felt for years, and the latter is not limited to Europe. Virtually every country in the world is exposed. [source] , Class Warfare Blowback: Majority Of Americans Want Obama Out Durden 12/16/11 , Current Events Summarized In Brilliant Art George Washington 12/16/2011 A picture is worth a thousand words [ View archived file: http://www.albertpeia.com/currenteventsinart.htm ] , Corporate warnings bode ill for earnings NEW YORK (Reuters) , Dave’s Daily: http://www.etfdigest.com STOCKS UNDER A CLOUD OF DOUBT December 15, 2011 ‘Pundits keep talking things up but who’s left to listen? We rallied initially on better economic data (below) but there’s a dark cloud over the market and quadwitching is ahead Friday. Adding to the uncertainty was influential Goldman Sachs strategist Jan Hatzius who commented: "A reduction in the lending of foreign banks to U.S. counterparties could have a meaningful impact on U.S. growth." He continued to assert that ongoing upheavals in the eurozone could shave 1% off U.S. GDP growth which frankly would put is in or near recession. And, per Hatzius, Goldman Sachs estimates U.S. banks are exposed to (gulp!) $1.8 trillion of counterparty risk from euro banks. Funny thing Bernanke and Geithner didn’t mention this to us. Further, the OECD warned that 2012 will see a potential funding crisis for developed countries with (cough!) $10.5 trillion in borrowing needs.Economic news was positive as Jobless Claims were lower at 366K; however, inside the numbers things were somewhat worse. Extended benefits increased by 322K and Continuing Claims rose to 3603K from 3583K which isn’t encouraging. One could subsume the report overall wasn’t that great but, it’s about the headlines baby! Empire Mfg Survey increased to 9.53 from .61 which is positive. But again, inside the numbers Prices Paid 24.42 versus 18.29 compresses margins and is potentially inflationary. Speaking of inflation, the PPI increased to .3% from -.3% previous…’ , The Fed's Intervention Didn't Solve Anything... It Just Pushed the Collapse Back a Few Weeks by Phoenix Capital Research on 12/15/2011 , Australian Banks Given One Week To Prepare For European “Meltdown” Zero Hedge | This time around, the warning is for real. , Must Read: Presenting The MF Global Black Box: A Minute By Minute Breakdown Of The Doomed Broker's Last Week On Earth Durden on 12/15/2011 , Moody's Turns To Canada: Ontario Outlook Revised To Negative, "Softening Economic Outlook" Cited Durden , Revised EFSF Draft Shows Italy, Spain Responsible For One Third Of European Bailout Funding Durden , Fitch Downgrades 8 Global Banks Including BNP, SocGen, BofA, Deutsche, And Morgan Stanley Durden , China Export-Growth Officially Slowing: Trade Deficit Coming?Durden , China trims holdings of US Treasury debt Dec 15th, 2011 (AP) , US Industrial production -0.2% in Nov, below market expectations of +0.2%, vs +0.7% in Oct; cap use 77.8%. Dec 15th, 2011 , France Braces for Cut in AAA Debt Rating as Noyer Takes a Swipe at Britain Dec 15th, 2011 (Bloomberg) , US initial jobless claims -19k to 366k for week ended 10-Dec, well below market expectations, vs upward revised 385k in previous week. USA GOLD , Fitch Downgrades a Bunch of Banks, Including Bank of America and Goldman The Wall Street Journal , Businesses Preparing for Higher Costs in 2012 The Wall Street Journal , Financial Crimes Up 47% Since '08 Crisis: FBI Forbes , Citi Near Term Stock Forecast: 9300 In The DJIA; 985 In The S&P; Sees Chart Analogs To Pre-World War Periods Durden 12/14/11 , Citi Predicts Gold At $3400 In "The Next Two Years", Potential For Move As High As $6000 Durden , Game Theory Over: Bank Of France's Noyer Says Britain Should Be Downgraded, Not France Durden , U.K. Unemployment Hits 17-Year High Dec 14th, 2011 (The Wall Street Journal) , For Europe, Only Way Out Is to Break Up: Kyle Bass Dec 14th, 2011 (CNBC) , 9 Reasons Europe's Crisis is WorseningRon DeLegge-Editor , One in Three Money Managers Sees Somebody Leaving the Euro Zone Next Year The Wall Street Journal , Italy’s Borrowing Costs Hit Euro-Era High Dec 14th, 2011 (The Wall Street Journal) , Market Recap: Stocks Decline as Euro Drops Below $1.30 Wall St. Cheat Sheet , Existing Home Sales to Be Revised Lower CNNMoney.com , Massive Downward Revisions Imminent: National Association of Realtors Miscounted Millions Of Home Sales Over Last Five Years Mac Slavo , Bailout Payback? Realtors Double-Counted Home Sales For Last Five Years SadHillNews , Fitch Downgrades Credit Agricole To A+, Outlook Stable Durden on 12/14/2011 , STOCKS SINK, OIL FALLS, GOLD GETS KILLED: Here's What You Need To Know Business Insider Sam Ro , Gold Tanks, Headwinds Mount , Rewarding Henry Paulson's Ethical Failures ETFguide Ron DeLegge’ , Bernanke Is "Very Concerned" About Europe, Won't Bail Out European Banks Durden , SEC Cops Want to Fight U.S. Judge ‘…In his ruling, the New York judge denounced as "pocket change" a penalty agreed to by Citigroup…’, Germany Preparing Plans For Commerzbank Bail Out Durden on 12/14/2011 Following today's end of day rumor being a dud (and non-existent due to the habituation nature of the market), the closing news is more unpleasant than Europe would have liked to set the overnight mood, and comes to us via the FT (yes, that FT), which states that, as long speculated both here and elsewhere, "the German government has begun preparations for a possible state bail-out of Commerzbank." , "Guantánamo Forever?" - Congress Passes $662 Billion Defense Bill, Aka The NDAA Durden 12/14/11 Congress just passed the National Defense Authorization Act in a 283-to-136 vote. 190 Republicans and 93 Democrats voted for; 43 Republicans and 93 Democrats voted "against." Prepare to be arrested, without charge, simply because someone "up there" believes you engage in "terroristy" stuff. Good luck proving them wrong.(How totally and historically pathetic pervasively corrupt, defacto bankrupt america’s become in its intractable decline and fall of historic proportion!) , Presenting The Three Unscripted Sentences That May Have Cost Jon Corzine His Freedom Durden 12/13/2011 , CME Executive Chairman Terry Duffy Throws Jon Corzine Under The Bus, Implies The "Honorable" Governor Lied Under Oath Durden , Europe Using US as Model to Fix Debt Crisis: Bove Dec 13th, 2011 (CNBC) [Now you know they’re done!] , Existing Home Sales Debacle, As Larry 'Baghdad-Bob' Yun Confirms Overstatement Durden , The Real Unemployment Rate Near 20% – Infowars Nightly News Infowars Nightly News | Aaron Dykes breaks down the real unemployment figures that is killing the country and economic growth that obama refuses to fix., All That Glitters…Will Not Solve Europe’s Debt Woes Dec 13th, 2011 (The Wall Street Journal) , As Disenchantment With Idiocy Surges, Ron Paul Support Soars Durden , EU Banks Selling ‘Crown Jewels’ for Cash Dec 13th, 2011 (Bloomberg) , JP Morgan Stock Breaks Down On News Company's Role As MF Global Lender To Be Probed Durden , MF's Corzine said to know of customer fund misuse Reuters , FOMC: Global Financial Markets Pose Downside Risk to U.S. Economic Outlook , RALLY COLLAPSES, GOLD AND BANKS GET HAMMERED: Here's What You Need To KnowBusiness Insider , Greece Apparently Even Worse Off Than Realized, Hitting Euro, Stocks The Wall Street Journal , “Big Brother is Eyeing Us – For Good or Evil?” Durden , 17 Signs That The European Financial System Is Heading For An Implosion Of Historic Proportions The Economic Collapse 12/13/11 , Corzine testifies on fall of MF Global (Washington Post) Corzine: It Was Those Darned Robots WSJ [ Singing ‘the body electric’! Riiiiight! The robots did it! Those churn-and-earn greedy robots! Damnable robots! They’re the ones! Damn robots! Wow! Talk about criminally insane! ] … Wow! Just when you thought you heard it all. This truly ranks with ‘my dog ate my homework’ and is surely destined to become a classic. MF Global CEO Jon Corzine: ‘I simply do not know where the money is’ Former U.S. senator, N.J. governor .. (WP), Evolution Securities Warns Of “Total Carnage And Meltdown” As European Bank Sales Of CDS On European Sovereign Debt Soar Zero Hedge | As much as we hate to say it, Europe is now without a shadow of a doubt the new AIG. , CFOs Less Optimistic About 2012 Growth The Wall Street Journal  , "The Inmates Don’t Know It’s An Asylum" , Coming Collateral Crunch Charted , The $30 Trillion "Problem" At The Heart Of Shadow Banking - A Teaser Durden on 12/12/2011 , Algo Liftathon Saves The Day But Financials Falter Durden , The European Death Spiral , French Downgrade - Even More Likely Than Yesterday , Guest Post: Headwinds For Housing , $32 Billion 3 Year Bond Prices At Second Lowest Yield Ever, Highest Bid To Cover On Record , Richard Koo On Why Europe's Austerity Will Cause Deflationary Spiral Durden , Cashin On The Anniversary Of Bank Of The United States’ Failure, The Start Of US Bank Runs And The Great Depression Dec 12th, 2011 (UBS-via ZeroHedge) , Fitch Warning Shot Knocks Stocks Lower The Wall Street Journal , STOCKS TANK AND EUROPE IS STILL IN CRISIS: Here's What You Need To Know Business Insider , Minyanville's T3 Daily Recap: S&P Slips 1.5% on Euro Jitters, Ratings Warnings Minyanville , So Much For That Summit, Markets Have No Faith In Euro Deal Forbes , Market Recap: Stocks Sharply Lower on Doubt Over Europe’s Crisis Plan Wall St. Cheat Sheet , Pain May Not Be Over for U.S. Banks Reuters , SLOW MOTION CRASH DEVELOPING Dave’s Daily: http://www.etfdigest.com , Wall Street tumbles on Europe, Intel's outlook (Reuters) , ETF Insider: Stay On The DefenseETF Database , THE ROAD NOT TAKEN: GLOBAL ECONOMY ON THE BRINK http://www.safehaven.com/article/23606/the-road-not-taken 12/10/2011 By David Knox Barker , The Tim Tebow Comeback Story Continues But There Will Be No Miracle Comebacks For The U.S. Economy The Economic Collapse December 12, 2011 , The Gold "Rehypothecation" Unwind Begins: HSBC Sues MF Global Over Disputed Ownership Of Physical Gold Durden 12/09/11 , Forget Europe… Germany’s Got Its Own Problems to Deal With http://gainspainscapital.com 12/09/11 , Bailout Total: $29.616 Trillion Dollars Dec 9th, 2011 (TheBigPicture) — There is a fascinating new study coming out of the Levy Economics Institute of Bard College. Its titled “$29,000,000,000,000: A Detailed Look at the Fed’s Bail-out by Funding Facility and Recipient” by James Felkerson. , The Shriveling Middle Class In California testosteronepit : 12/09/2011 California on the way to a banana republic. , Evolution Securities Warns Of "Total Carnage And Meltdown" As European Bank Sales Of CDS On European Sovereign Debt Soar Durden on 12/09/2011 , The Worldwide Depression/Recession Of 2012 Econophile 12/08/11 Daily Capitalist , Are Dim Sum Bonds The Next Chinese Reverse Merger Fraud? Durden While Draghi somewhat shut the door on the ECB being the lender of last resort today, there appears to be a sucker-of-last-resort where Dim Sum bonds (offshore/HK Yuan-denominated bonds) have seen issuance almost triple in the first 11 months of the year , Risk Assets Deteriorating Rapidly On Europe's SNAFU Durden , And Scene: Europe Agrees To Disagree, Next Summit Date Set For March 2012 As David Cameron Kills Compromise Durden , STOCKS GET SLAMMED AFTER BIG ECB DISAPPOINTMENT: Here's What You Need To Know Business Insider 12-08-11 , Last Minute Summit Mutiny Threatens The Future Of The Euro; And Why A Wholesale S&P Downgrade Of Europe Will Be Devastating Durden A day when everything that could go wrong for the euro and eurozone has just gotten worse. , Europe Must Swallow ‘Bitter Pill’ Dec 8th, 2011 (CNBC) The Misery Continues: Complete November Hedge Fund Performance Durden , Fourth Time Is The Charm: Texas Instruments Slashes Outlook... Again , Snapshot Of Pure Market Lunacy , Guest Post: Another Reason for Stocks To Tank In 2012: Jobs , Euro Crisis Will Only Get Worse And Do Serious Damage To Investors Forbes Martin , Hope You Enjoyed That Run of Happy Economic Surprises, Because It's Probably Over: Barclays The Wall Street Journal , This Week's EU and ECB Meetings Can't Fix Europe or US Stocks Minyanville  Jeffrey Miller Dec 08, 2011 , Corzine: It Was Those Darned Robots The Wall Street Journal [ Singing ‘the body electric’! Riiiiight! The robots did it! Those churn-and-earn greedy robots! Damnable robots! They’re the ones! Damn robots! Wow! Talk about criminally insane! ], SPX Update: Market Still Looks To Be Forming a Top Jason Haver Dec 06, 2011 ‘In conclusion: It remains a trader's market, as so far every break of important support or resistance has led nowhere. I continue to favor the bearish short-term resolution, as well as the bearish long- and medium-term views’ , 4 Reasons to be Bearish thetechnicaltake 12/07/11 .. resistance.. recession..intermarket headwinds..’ S&P Warns It May Cut Most European Banks, European Union Itself Durden on 12/07/11Not sure why the market is surprised by this, but it is. , Jump Risk Jumps After American Bankruptcy, Sends Junk Plunging As Major Debt Refi Cliff Approaches Durden 12/07/11 , S&P At It Again, Warns EU, Large Eurozone Banks of Downgrades Dec 7th, 2011 (Barron’s) , In Past Week Americans Pull The Most Money From Stock Market Farce Since US Downgrade, Despite Market Surge Durden 12/07/11 , Marc Faber: "I Have A Very Special Stock Tip For You. The Symbol Is G-O-L-D" Durden 12/07/11 …considering the ridiculousness of the market over the past two weeks when it has gone up on nothing but lies, Faber just may have a point. , ‘No Way’ Europe Will Hold Itself Together: CIO CNBC | “Europe is in a terminal phase of its life.” , Europe Is Setting Itself Up For A Decade-Long Recession Global Economic Intersection , Why The UK Trail Of The MF Global Collapse May Have "Apocalyptic" Consequences For The Eurozone, Canadian Banks, Jefferies And Everyone Else Durden 12/07/11 In an oddly prescient turn of events, yesterday we penned a post titled "Has The Imploding European Shadow Banking System Forced The Bundesbank To Prepare For Plan B?" in which we explained how it was not only the repo market, but the far broader and massively unregulated shadow banking system in Europe that was becoming thoroughly unhinged, and was manifesting itself in a complete "lock up in interbank liquidity" and which, we speculated, is pressuring the Bundesbank, which is well aware of what is going on behind the scenes, to slowly back away from what will soon be an "apocalyptic" event , Read This and Tell Me Germany Wants a Monetary Union 12-7-11 http://gainspainscapital.com ‘I’ve stated before that I fully believe Germany will be leaving the Euro. , "This Time Will Not Be Different": Interactive Chart Of Market Reactions To All Prior 2011 Eurozone Summits And Meetings Durden on 12/07/11 , Pivot Capital On China's Investment Boom (And Pending Bust) Durden 12/07/11 , What’s wrong with this picture: Wall St rises on EU summit hopes Asia climbs ahead of European meetings [Riiiiight! Addicted to hopium? Déjà vu all over again? This is beginning to be beyond ridiculous. There is no viable solution beyond their disingenuously, meretriciously saying so amidst the typical spin and b***s*** to froth the markets! ] , RALLY FIZZLES OUT AFTER HOT RUMOR FROM EUROPE: Here's What You Need To Know Business Insider ‘ The second day of Europe's hell week was relatively quiet until another rumor sparked markets during late trading. , S&P Puts 15 Euro Nations on Downgrade Watch Wall St. Cheat Sheet ‘… The outlook change is “disastrous for Europe”…’ , Is the Fed Leaking Again? http://gainspainscapital.com , S&P says EFSF could be downgraded (Reuters) , Tremors from a euro collapse would be global, with U.S. recession likely (Washington Post) , Bloomberg Fires Back At Bernanke's Blustering Rebutall Durden ‘ It appears 'It Is On' as Bloomberg offers its well-reasoned and eloquent response to Mr. Bernanke's 'egregious errors' note to Congress.’ , Guest Post: A Very Subtle Form Of Theft Durden ..Bernie Madoff .. ran one of the largest private-sector Ponzi schemes in history and always heeded the golden rule of financial scams: make sure your inflows are greater than your outflows. He was finally done in when redemptions exceeded new investments. He didn’t have enough cash to pay out investors, and he wasn’t able to scam more people into paying in to the scheme. As a result, Madoff finally had to admit that the whole thing was a total fraud. Governments around the world are in similar situations right now with their own public sector Ponzi schemes. Faced with failed auctions, declining demand, and rising yields, politicians are having to resort to desperate measures. Like any good scam artist, they’re appealing to the masses first; all over Europe, governments are sponsoring new marketing campaigns suggesting that it’s people’s patriotic duty to buy government debt. , Has The Imploding European Shadow Banking System Forced The Bundesbank To Prepare For Plan B? Durden While much has been said about the vagaries in the European repo market elsewhere, the truth is that the intraday variations of assorted daily metrics thereof indicate three simple things: a scarcity of quality assets that can be pledged at various monetary institutions in exchange for cash or synthetic cash equivalents, a resulting lock up in interbank liquidity, and above all, a gradual freeze of the shadow banking system..we may be experiencing the attempt by the last safe European central bank - Buba - to disintermediate itself from the slow motion trainwreck that is the European shadow banking (first) and then traditional banking collapse (second and last). Because as Lehman showed, it took the lock up of money markets - that stalwart of shadow liabilities - to push the system over the edge, and require a multi-trillion bailout from the true lender of last resort. The same thing is happening now in Europe..’ , Layoffs Watch ’11: Citi , Social Security 2011 – Another Bad Year Krasting , HUGE RALLY CUT IN HALF AFTER EUROZONE RATINGS BOMBSHELL: Here's What You Need To Know Business Insider Sam Ro’ Europe's hell week begins with new EU treaty proposals and reports of an S&P ratings action bombshell…U.S. economic data was largely overlooked during this morning's rally.  The ISM services number unexpectedly fell to 52.0, missing the expectation of an increase to 53.9.  This also compares to last month's number of 52.9.  October factory orders fell 0.4%, which was slightly worse than the 0.3% decline expected.  September factory orders were revised sharply lower…’ , Confirmed: Not Just AAA Nations, but *All 17* Euro Nations to Be Put on Notice for Downgrade The Wall Street Journal , Standard & Poor’s Puts Ratings On Eurozone Sovereigns On CreditWatch With Negative Implications Dec 5th, 2011 (Standard & Poor’s) , Graham Summers’ Weekly Market Forecast (Fade the Fed? Edition) December 5th, 2011 ‘Equities got giddy last week when the world’s central banks, lead by the US Federal Reserve, lowered the global cost of borrowing Dollars. Regardless of the market’s reaction, the whole thing smells of desperation and quite frankly, everyone should be questioning the Fed’s move…The IMF, Bank of England, and others have warned of a systemic collapse… do you think they’re doing this for fun?Many investors will have their portfolios wiped out in the coming carnage. It could be next week, or it could take place next year… but we ARE heading into a Crisis that will be worse than 2008…’ , Gallup Finds Recent Job Boost Due To "Temp And Part-Time" Hiring; Underemployment Greater Than Prior YearDurden on 12/05/2011 While the BLS unemployment number, fudged strategically to lower the denominator, or the total labor force, may have come well better than expected (as somehow miraculously ever more people find the shadow economy a more hospitable place where to make their money and drop off the BLS roll forever) we once again go to that trusty fallback, the monthly Gallup poll of underemployment. What we find here is rather different from what the BLS, and the administration would like us to believe, namely that "underemployment, a measure that combines the percentage of workers who are unemployed with the percentage working part time but wanting full-time work, is 18.1% in November, as measured by Gallup without seasonal adjustment. That is up from 17.8% a month ago and 17.2% a year ago." Said simply, "many employers appear to have chosen to hire part-time rather than full-time employees for this holiday season." , Solyndra Schadenfreude As Goldman Sachs Played Key RoleDurden on 12/05/2011 While we are not completely shy of saying we-told-you-so, in the case of the players in Solyndra's fantastic rise and fall, we are more than happy to. Back in September we highlighted Goldman Sachs' key role in the financing rounds of the now bankrupt solar company and this evening MarketWatch (and DowJones VentureWire) delves deeper and highlights how the squid has largely stayed out of the headlines (what's the opposite of lime-light?) in this case despite its seemingly critical assistance and support from inception to pre-destruction. Goldman's involvement in Solyndra, and its lofty valuation projections, lent credibility to the company and helped rouse investor interest and it was this private interest that was cited by DoE officials as a considerable factor in its loan guarantee program. As we said before, anywhere you look, Goldman has been there and left its mark...’ , The Black Friday Shopping Hangover Is Coming: David Rosenberg Explains Durden on 12/05/2011 , Here Comes The S&P Downgrade Barrage - Full Statement, In Which S&P Says France May Get Two Notch DowngradeDurden on 12/05/2011 , Jeremy Grantham Releases The Scariest Market Forecast YetDurden on 12/05/2011 , MUST SEE – Bernanke’s Stealth Bailout For Wall Street Kept Secret From Congress Daily Bail | Bernanke runs his own private dictatorship. , How The U.S. Will Become a 3rd World Country (Part 2) Hera Research | The United States is quickly coming to resemble a post industrial neo-3rd-world country., SPX Update: Topping Again? Minyanville Jason Haver Dec 02, 2011 ‘The market is giving several signals that a top may be near… In conclusion, I remain medium and long term bearish.’, Number of Jobless Without Benefits Grows Dec 2nd, 2011 News ‘…The decline in unemployment was driven in part by the disappearance of some 315,000 people from the labor force. If they haven’t looked for work in the past four weeks, they’re not counted as unemployed… the Labor Department estimated that as of November, a seasonally adjusted 6.6 million people considered not in the labor force actually did want work. That number was up 192,000 from October…’ Economy Creates 120,000 Jobs, Rate Tumbles to 8.6% Dec 2nd, 2011 (CNBC)PG View: Slate columnist Matt Yglesias tweeted this shortly after the jobs report came out: “Decreasing unemployment by shrinking the labor force is not exactly winning the future.” , How The U.S. Will Become a 3rd World Country (Part 2) Durden on 12/02/2011 ‘The United States increasingly resembles a 3rd world country in terms of unemployment, lack of economic opportunity, falling wages, growing poverty and concentration of wealth, government debt, corporate influence over government and weakening rule of law.’ , EUR Shorts Surge, Back To 17 Month Highs As Bearish Sentiment Returns Durden 12/02/2011 , Bob Janjuah Explains Why The Worst Is Still Ahead Of Us Durden 12/02/2011 , America To Go The Way Of The Roman, British Empires Forbes Robert Lenzner, Forbes Staff

, A Hedge Fund Insider Explains Why Retail Investors Should Flee The Stock MarketDurden on 12/01/2011 ,THE MARKET IS MISREADING ECONOMIC DATA -- IT'S TIME TO GET SHORT http://www.bullfax.com/?q=node-market-misreading-economic-data-its-time-get-short 12/01/2011 The Independent Investor , Chinese manufacturing activity slows Dec 1st, 2011 (Financial Times) , US initial jobless claims +6k to 402k for the week ended 25-Nov, above mearket expectations of 390k, vs upward revised 396k in previous week. Dec 1st, 2011 , Another Confirmation of the Solvency Crisis Masquerading as a Liquidity Problem Atlantic Capital Management Dec 01, 2011 ‘The Federal Reserve is once again reaching into its controversial "unconventional" toolkit -- meaning stocks are, for now, celebrating the near meltdown of modern global banking. , SPX Update: Ben Bernanke Lends Money, Saves the World? Jason Haver Dec 01, 2011 ‘At this point, despite the massive three-day rally, there are still a few unanswered questions. I remain medium and long term bearish, while the short-term picture has become a bit clouded.’ , What Does the Fed Know That We Don’t? 12-01-11 The thought that should be on every investor’s mind today is “Why did the Fed have to stage the coordinated intervention yesterday?’Put another way, what exactly does the Fed know that we don’t?The whole thing smells fishy to me. Aside from the fact that the Fed clearly leaked its intentions as early as Monday night (hence the reason stocks rallied while credit markets weakened), there’s something peculiar about the fact the Fed chose to do this at the end of November. Why November 30? Why not today or Tuesday?I think the answer is that the Fed stepped in to help its institutional investor/ hedge fund buddies.’ BofA, Goldman Sachs, Citigroup Credit Ratings Cut by S&P Nov 30th, 2011 (Bloomberg) , Planned layoffs surpass 2010 total CNNMoney | Cuts announced this year are up 13% overall. , The Easy Fix? Can Europe Print Its Way Out of Trouble? ETFguide ‘the long-term outlook is as dark as night inside the Grand Canyon…’ , Global Coordinated Desperation and the December to Remember Breakdown Minyanville Michael A. Gayed ‘With global central bank desperation (I mean coordination) announced this morning and the big jump up in risk assets…’ , The Fed is So Predictable Chris Celi 11/30/2011 The Fed is becoming a gigantic waste basket of bad assets. Waste baskets do not have infinite capacity.  Central Banks’ Latest Move Shows Desperation George Washington 11/30/2011 Hey, at least a handful of Ben's buddies will make a bundle ... Deflation is coming South of Wall Street 11/30/2011 It isn't avoidable , Don't Be Foolish, Sell the Next Key Level In the S&P 500 Forbes/Troccoli ‘http://blogs-images.forbes.com/thechartlab/files/2011/11/spafter.png , Wall Street Watch: S&P Cutting Spree, Germany Faces RecessionWall St. Cheat Sheet , AN UNCONVINCING RALLY http://www.istockanalyst.com/finance/story/5571238/an-unconvincing-rally By: Cam Hui   , BANK DOWNGRADE RAMPAGE: Goldman, Bank Of America, Morgan Stanley, Wells Fargo, And Citigroup Just Got Cut By S&P Business Insider | Standard & Poor’s ratings service just cut the ratings of Goldman Sachs, Bank of America, Morgan Stanley and Citigroup from A to A-. , China Manufacturing Contracts As New Export Orders See Biggest 2 Month Drop Since Dec2008 Durden 11/30/2011 -UPDATE: HSBC China Manufacturing PMI prints at 47.7, deteriorating at fastest rate (and lowest level) in 32 Months , Goldman On Today's Coordinated Central Bank Bailout: "It Isn’t Enough To Save Anyone Or Solve Averything" And "Why Now?" Durden 11/30/2011 , The Punch Line: "Crash Test - Bracing For Breakup"Durden 11/30/2011 , For The First Time In History, Fed Will Buy AND Sell Treasurys At The Same Time On Friday Durden 11/30/2011 , Egan Jones Downgrades France From AA- To A; Negative Watch, Sees Debt/GDP Rising From 91% to 117% By 2013Durden 11/30/2011 , Of Imminent Defaults And Self Deception. Kyle Bass Prepares For The Worst Durden 11/30/2011 In his latest letter to LPs, Kyle Bass of Hayman Capital Management, offers his tell-tale clarity on what may lie ahead for Europe and Japan. With his over-arching thesis of debt saturation becoming more plain to see around every corner, Bass bundles the simple (and somewhat unarguable) facts of quantitative analysis with a qualitative perspective on the cruel self-deception that we all see and read every day about Europe.Whether it is Kahneman's "availability heuristic" (wherein participants assess the probability of an event based on whether relevant examples are cognitively "available"), the Pavlovian pro-cyclicality of thought, or the extraordinary delusions of groupthink, investors in today’s sovereign debt markets can't seem to envision the consequences of a default. , Fed Economists Predict A 15 Year Bear Market For Stocks News (BusinessInsider) , http://www.economist.com/content/global_debt_clock is ticking! , Senate Passes Bill Allowing Indefinite Detention of Americans ... Considers Bill Authorizing More Torture George Washington : 11/29/2011 - 20:53 USA, USA, USA ... Number One in ... cough ... Fascism ... cough , SPX Update: Sell the Bounce Jason Haver Nov 29, 2011 ‘This bounce might not last long, and new lows are expected to follow., BANK DOWNGRADE RAMPAGE: Goldman, Bank Of America, Morgan Stanley, Wells Fargo, And Citigroup Just Got Cut By S&P Business Insider | Standard & Poor’s ratings service just cut the ratings of Goldman Sachs, Bank of America, Morgan Stanley and Citigroup from A to A-. , Foreclosure Fraud | Lender Processing Services Robo-signer Whisleblower Found Dead in Nevada 4closureFraud : 11/29/2011 , You Cannot Build a Financial System on Rumors and Lies http://gainspainscapital.com November 30th, 2011 ‘This act is getting old.Almost every other day we’re getting rumors about new bailouts and interventions in Europe. All of these rumors turn out to be total lies as they are refuted usually within a day and sometimes within a few hours.Case in point, stock futures erupted overnight on Sunday on rumors that Italy would be getting a 600 billion euro bailout from the IMF. Just a few hours later this story came out: IMF denies in Italy aid talks…’ , Minyanville's T3 Daily Recap: S&P Ekes Out Gain; Has the Oversold Bounce Run Its Course? Minyanville  T3Live.com Nov 29, 2011 ‘Although we are significantly higher than Friday's close, the intraday action has been extremely lackluster, suggesting that there is more downside to come from here. , S&P Hits Biggest US Banks With Credit Rating Downgrades http://albertpeia.com/s&previsedratingscriteria.htm WSJ Gongloff November 29, 2011 , Presenting Russell Napier's Greatest Hits Durden 11/20/2011 ‘...Russell Napier: the renowned financial historian and consultant for CLSA, as well as author of the engrossing Anatomy of the Bear, who only together with Albert Edwards, has predicted that the S&P would eventually drop to 400…’ , Problem With Germany And China: Who Bails Out The Bailers? Forbes / Addison Wiggin [‘.. Another downgrade of U.S. sovereign debt is a “certainty,” he adds. “It’s only a matter of when.”..’ U.S. economic conditions are “terrifying,” Mohamed El-Erian said yesterday..’ ] Nouriel Roubini: Government Gridlock ‘Ensures’ 2012 Recession Daily Ticker - Nov 23, 2011 , $707,568,901,000,000: How (And Why) Banks Increased Total Outstanding Derivatives By A Record $107 Trillion In 6 Months Durden 11/26/11 , Nothing's Changed: Italy and the December to Remember Breakdown Michael A. Gayed Nov 28, 2011 , 2011 Looking a Lot Like 2008: Technical Analyst The Wall Street Journal Shipman , New World Disorder - Watch the Stock Market Ilene 11/27/2011 If the mid-summer sell signal of 2011 plays out similarly to the one in 2008, there may be a long, dramatic decline straight ahead. , How the European End Game Will Play Out November 29th, 2011 | http://gainspainscapital.com ‘With the European End Game now in sight, the primary question that needs to be addressed is whether Europe will opt for a period of massive deflation, massive inflation, or deflation followed by inflation. , EURO FIX RUMORS November 28, 2011 Dave’s Daily: http://www.etfdigest.com Markets rallied sharply on little hard news Monday beyond rumors. , Britain's Foreign Office Prepares For Riots In Europe; Sees Euro Collapse "When, Not If" Durden , Stocks Finish Monday Near Highs But Rally Looks Limp Forbes / Scott Redler , Fitch Affirms US as AAA, But Cuts Outlook to Negative , The desperation of Black Friday — Salon http://www.youtube.com/watch?v=jYeDRKB1RXw&feature=player_embedded#t=0s ‘...That is not a portrait of healthy economic activity. That is desperation, pure and simple. The story of the woman who sprayed her fellow Xbox shoppers with pepper spray is bad enough, but nothing quite captures what’s wrong with Black Friday better than this Lord of the Flies-style barbaric waffle-maker anarchy…’ [Come On! Wake Up! More stores open, earlier, larger loss leaders / markdowns, as desperate as the desperate desperados who got their ‘shopping’ in early, at best. The spin is toal b***s***! Even the great depression didn’t bespeak this great desperation! The desperation of Black Friday — Salon http://www.youtube.com/watch?v=jYeDRKB1RXw&feature=player_embedded#t=0s ‘...That is not a portrait of healthy economic activity. That is desperation, pure and simple. The story of the woman who sprayed her fellow Xbox shoppers with pepper spray is bad enough, but nothing quite captures what’s wrong with Black Friday better than this Lord of the Flies-style barbaric waffle-maker anarchy…’ Drudgereport: FITCH TURNS NEGATIVE ON US , Germany told it must act to save Europe…[ Who’s goin’ to save Germany? ]... , Impassioned plea for continent to avoid 'apocalypse'... , Warned of 'highly devastating outcomes'... , Just days until collapse? ] , Italian Bond Yields Doubled in Latest Bond Auction Wall St. Cheat Sheet , Sliding Incomes Threaten Consumer Spending , Moody’s Downgrades Hungary to Junk Wall St. Cheat Sheet , Global Stock Markets Remain in Structural Bear Markets Minyanville NextBigTrade.com Nov 25, 2011 , Euro on ‘Death Watch’ After Investors Spurn German Bonds CNBC.com , Stocks Extend Longest Drop Since 2008 on Debt Bloomberg , STOCKS GO NOWHERE AND EUROPE GOES DEEPER INTO CHAOS: Here's What You Need To Know Business Insider Sam Ro , The Global Economy is in Big Trouble The Economic Collapse | The global economy is heading for a massive amount of trouble in the months ahead , European Banks Frantically Trying To Dump $7 Trillion Of Crap Assets — But No One Will Buy Them Business Insider , European Bailout Time Of Death: EFSF Cut In Half Due To “Market Conditions” Zero Hedge , Experts: ‘Euro to be Scrapped within Months’ Nov 25th, 2011 (IBTimes) , S&P downgrades Belgium one notch to AA+ citing financial sector risks. Outlook remains negative. Nov 25th, 2011 , Guest Post: Just A Holiday Reminder - Black Friday Is Utterly MeaninglessDurden , "Disastrous" bond sale shakes confidence in Germany Reuters , Why Europe Will Result in Systemic Risk November 23rd, 2011 ‘..These leverage levels alone position Europe for a full-scale banking collapse on par with Lehman Brothers. Again, I’m talking about Europe’s ENTIRE banking system collapsing.This is not a question of “if,” it is a question of “when.”..’ , STOCKS GET SMOKED, EUROPE BURNS, AND BANKS ARE STRESSED: Here's What You Need To Know http://www.businessinsider.com/closing-bell-23-2011-11 Sam Ro Business Insider , Euro Tumbles As JPM Predicts ECB Rate Cut To 0.50%, “Deep Euro Area Recession” Zero Hedge , Euro on ‘Death Watch’ After Investors Spurn German Bonds CNBC.com , Are Parallels to the Great Depression Catching Up for Good? [ Short answer: Yes! And, in a new, modern, and in light of insurmountable debt levels and fraud at lightning computerized speed, a far more deleterious way. ]’.. Time is running out. Italian 10-year debt yields are once again above the sustainable level of 7%, while Spain…’ , Euro crisis: The screw tightens — Free Exchange , DATA SUMMARY SHOWS THE US ECONOMY IS IN JEOPARDY [ Duh! Ya think? ] Jeff Harding Nov 23, 2011 ‘..I have what I believe is a healthy skepticism about the reports from the multitude of federal agencies that I follow on a regular basis. They are often revised and probably understate the negatives. That is especially so with price inflation. Many of the reports are in nominal numbers rather than adjusted for official price inflation..’ , Goodnight Stocks: Waiting For The Crash To Arrive http://www.bullfax.com/?q=node-goodnight-stocks-waiting-crash-arrive By Eric Parnell 11/22/2011 , Spanish Bond Yields Surge to Record HighWall St. Cheat Sheet , Germany Walks… or the EU Sees a Domino Debt Collapse Followed by Systemic Failure http://gainspainscapital.com November 22nd, 2011 , MF Global trustee says $1.2 billion missing from company Reuters | The shortfall of commodity customer funds at MF Global Holdings Ltd may be around $1.2 billion. , Pimco’s El-Erian Says U.S. Economic Setting ‘Terrifying’ Nov 22nd, 2011 (Bloomberg) , Deep economic pain ahead for the U.S. and the world: Simon Hunt Nov 22nd, 2011 (HousingWire) , ‘The Sky Will Fall In’ for Europe; US Key to Growth: Bank Chairman [ Which means: ‘They’re doomed; ‘cause pervasively corrupt, defacto bankrupt america is an economic, financial, and political basket case, at best!’ ] Nov 22nd, 2011 (CNBC) , TIME Asks Can the U.S. Federal Reserve Help Save Europe’s Banks? TIME | The U.S. Federal Reserve has been pumping billions of dollars into the European banking system in recent weeks. [ Come on! Get real! Who’s going to save the fed? ] , Jim Grant: “Central Banks Are Insolvent” Daily Bail | Holy insolvency Batman: the ECB is leveraged 14 to 1, and the Fed is leveraged 100 to 1 , As the World Crumbles: the ECB spins, FED smirks, and US Banks Pillage Nomi Prins , Stock Market Still Broken, Technically The Wall Street Journal Steven Russolillo and Tomi Kilgore ‘The technical indicators are not looking good for the stock market these days , Greece Just 20 Days Away from DefaultWall St. Cheat Sheet , Economy Grew Less Than Previously Estimated in Third QuarterWall St. Cheat Sheet [You may recall the ‘market pop’ on what I previously referred to as dubious then and now known to be false data / reports; which, in this ‘election cycle’, is the typical political desperation underlying these complicitly fraudulent markets. And, be advised that inflation is way beyond what’s reported, and contrary to spin, that’s a very bad thing.] , Dave’s Daily: http://www.etfdigest.com WHEN KEYNES POLICIES AND POLITICIANS FAIL , Will The Deficit Super Committee Failure Lead to Another Meltdown? ETFguide Maierhofer 11-21-11’… According to the formula the down side potential is simply massive…’ , Japan's Kokusai Liquidates Remainder Of Euro Sovereign Exposure, Just As European Primary Issuance Supply Surges Durden ‘…the following update from Morgan Stanley shows, things are getting from from bad to worse…’ , Moody's Says No To Congressional Can-Kicking The Wall Street Journal { Yet watch for Moody’s can-kicking, based on, quid pro quo?, hope?, etc.. } , STOCKS GET SLAMMED, EUROPE GETS WORSE, BANKS AND GOLD GET CRUSHED: Here's What You Need To KnowBusiness Insider , Something Big Is Coming... and It's Going to Be BAD Phoenix Capital... 11/18/2011 We have been getting MAJOR warning signs of a collapse for months now. No less than the Bank of England, the IMF, and legendary asset management firm Franklin Templeton have warned…’ , One Interesting Thing About the Leading Indicators Report The Wall Street Journal (Fri, Nov 18) { How about the most interesting thing about ‘leading economic indicators’ is the weighting accorded M2 and stock prices… , The next financial crisis will be hellish, and it’s on its way http://news.yahoo.com/next-financial-crisis-hellish-way-204303737.html Addison Wiggin | Forbes 11-16-11 "There is definitely going to be another financial crisis around the corner," says hedge fund legend Mark Mobius, "because we haven't solved any of the things that caused the previous crisis." , House rejects balanced budget amendment Nov 18th, 2011 (AP) , US Deficit-Cutting Talks Appear to Be Near Collapse Nov 18th, 2011 (Reuters) , Drudgereport: NEW DOWNGRADE THREAT , Guest Post: The Reasons For China's Imminent Bust Durden 11/18/2011 , Friday Night Irony: According To The Fed, Just Over One More Year Of ZIRP Will Lead To 38.36% Annual Inflation Durden , The Final Straw? Jefferies And Six Other Banks Sued For "Fraudulent" MF Global Bond Issuance Durden 11/19/2011 , Stocks sink after Fitch warns on US bank exposure AP , Beware the Earnings Cross, Stock Investors The Wall Street Journal Gongloff , Tighter Credit Suggests Stocks Should Fall The Wall Street Journal , Watch Nigel Farage Dance On The Euro's GraveDurden on 11/17/2011 , Another Tough Month For Tilson As CNBC's Favorite Buffett-Worshipper Is Down Over 24% YTD Durden on 11/18/2011 , Payback Time - The Coming Decade Of Deleveraging Durden on 11/17/2011 Dave’s Daily: http://www.etfdigest.com ‘The further down the road we go without confronting problems head-on, the more difficult things become… We go along with band-aids, useless stimulus, money printing and hope. It’s BS and smoke and mirrors policies... Their credibility is shot.It’s no wonder investors are fleeing markets. Over $200 billion in equity mutual funds have left the markets since 2010. As I update our Top Ten ETF lists by sector, I see assets under management (AUM) declining 25-45% just in the last four months. The great October stock rally was a “eurozone is fixed” mirage. Thursday markets received mixed economic news in the U.S. as Jobless Claims fell somewhat (higher previous revisions again and people dropping off the rolls like flies accounts for some of this) and a poor Philly Fed Survey (3.6 vs 9 expected and previous 8.7). Housing Starts were unchanged, and frankly we don’t need more home construction…’ The next financial crisis will be hellish, and it’s on its way Forbes.com Citi Economist Warns of Imminent Spanish, Italian Default The Wall Street Journal (11-16-11) , Financials Drag Market Lower, Fitch Raises Doubts About Euro Hedge Effectiveness The Wall Street Journal Gongloff (11-16-11) , Stocks Making Risky Bet on Massive ECB Money Printing The Wall Street Journal , Dave’s Daily: http://www.etfdigest.com INVESTORS ON THIN ICE , Euro-Dollar Basis Swap Cost at 2008 Crisis Levels The Wall Street Journal , U.S. Debt Tops $15 Trillion Mark Today Nov 16th, 2011 (ABCNews) , Minyanville's T3 Daily Recap: Wedge Pattern Looks Set to Resolve to Downside Minyanville , European Financial Gravity: The Era of "Extend and Pretend" Is Over Atlantic Capital Management , Europe: Close To A Death Spiral? Nov 16th, 2011 By Bruce Krasting (EconMatters) , Citi Chief Economist Willem Buiter: A Spanish Or Italian Default Could Happen In A Few Short Days Durden, Financial Stocks Catching Up To Their Recent Credit Weakness ..it seems reality is starting to sink in..Durden , Which Way Wednesday – Popping or Topping (again)? ilene 11/16/2011 This is a fantastic opportunity to observe the workings of an actual criminal conspiracy to defraud the American people in action. , JPMorgan To Issue CMBS Backed By... Defaulted Loans Durden 11/15/2011 , Presenting Europe's Remaining 2011 Bond And Bill Auctions... All 104 Of Them Durden , Congress Shocked To Find That Being CEO Of A Bankrupt Company Is The New Killing It Durden Two weeks ago we reported with sheer disgust that the outgoing CEO of bankrupt Freddie Mac, Ed Haldeman, was to pocket over $4 million for his brief two year stay..for lots of hard work collecting bail out cash from the Treasury. $21 billion to be precise , Dark Pool Flush: Game Over Pipeline; Next Up Goldman's Sigma X? Durden on 11/15/2011 For years Zero Hedge has been exposing the persistent fraud that goes on behind the trading scenes, not only in High Frequency Trading, but also in various dark trading venues, known better as dark pools where exchanges, typically the banks themselves get to match buyers and sellers without any indication of a trade having occurred, until much later if at all… What will shock the trading community, however, even more is if the SEC decides to go after not some tiny unknown firm, but the real dark pool transgressors, the biggest one of which is and has always been Goldman's Sigma X. Of course for that to happen, Mary Schapiro would actually have to do her job. And that, unfortunately, ain't happening. , Falling house prices trap first homeowners Guardian , Contagion spreads, triple-As under pressure Nov 15th, 2011 (Reuters) , What Other MF Globals Are Lurking In the System? , Last Market Rally Before the Bears Take Over Minyanville David Banister 11-14-11 ‘The current market rally will likely last through Christmas before we see the big leg down. … Longer term, my best view right now is that this is a countertrend bounce off the 1,074 lows that will give way to another big down leg. …‘ , Even the Fed Can’t Value Financials’ Risk Phoenix Capital 11/14/2011 The NY Fed is the single most powerful entity in charge of the Fed’s daily operations. How can any investor believe that the Fed can manage the system and restore trust when the NY Fed cannot accurately audit a financial firm’s risks during a six month review, then there is NO WAY an ordinary investor can do so. , Europe in worst hour since WW2: Merkel [Duh! Ya think?] , Congress Trading Stocks on Inside Information!?Wall St. Cheat Sheet , Bob Chapman: Surviving The Banker Sociopaths The Alex Jones Channel | Alex talks with regular Friday guest Bob Chapman of the International Forecaster. , SPX Update: Crash Wave Ready; Confirmation Still Pending Jason Haver 11-11-11 , Do Valuation Metrics Still Apply or Has The Market Become Untradable? Simon Maierhofer Etf Guide [ Short answers: No and yes the market has become ‘untradable’ for investors. I would add that the ‘debased dollar policies’ (ie., QE’s, overprinting of paper currencies / dollars, etc.) enable sales / revenues to be booked with ‘more’ of the inflated dollars relative to costs booked at the ‘fewer / greater value’ dollars which spikes earnings but leads to the inevitable margin erosion when the reported costs ‘catch up’ in terms of inflated ‘Weimar’ dollars. Hence, even the averages when deflated for real inflation (see Faisal infra) show a far less sanguine picture (than say, hard assets, ie., gold, etc.). Even more important is the effect of the HFT programmed trades , http://albertpeia.com/wallstreetcrapshoot.jpg , Bernanke Knows He’s Powerless This Time Around by Phoenix Capital Research 11/10/2011 , The Aftermath of the Risk-Free Sovereign Debt Illusion Minyanville (Fri, Nov 11 ] Divergences Point To Stock Market Crash http://www.bullfax.com/?q=node-divergences-point-risk-stock-market-crash 11/10/2011 James A. Kostohryz , EU Warns Of ‘Deep, Prolonged Recession’ Dow Jones Newswires | The European Union Thursday slashed its growth forecast for the 27-nation bloc in the coming year. , Dave’sDaily: http://www.etfdigest.com [WELL FOUNDED] FEAR REMAINS.. November 10, 2011 ‘Rapidly changing news cycle, combined with HFT algos …As has been routine, previous data was revised higher from 397K to 400K, and given this pattern, you should expect current data revised higher next week…’ What First Time Unemployment Claims Data Is Saying About the Economy Lee Adler Nov 10, 2011 ‘…Purely by accident, the real number this week wasn't too far off at 398,753, but that was an increase from last week's 369,647, not a decline as shown in the cartoon numbers. Furthermore, it was about 70,000 more than at the seasonal low reached the last week of September. While this year's seasonal low was lower than last year, and this year's increase since then was less than last year's, how that led to the proclamation that this week's number was the lowest in seven months is beyond my comprehension. It's just a meaningless, and false, number spit out by a statistical rhythm…’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm , These 4 things happen right before a heart attack. newsmax http://www.newsmax.com/Newsfront/silent-heart-attack-symptoms/2011/09/23/id/412086 , 50% unemployment & 90% Dow crash also predicted. Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm , http://www.economist.com/content/global_debt_clock is ticking! Analyst Sees 3% More Downside On Dow As Cyclicals Lose Momentum Barrons.com (Wed, Nov 9) [ Is that all? Sounds like a fraudulent wall street wet dream! Far more reliable analysts predict much lower, infra. ] , There Is No Solution for Europe”: Stocks Tumble as Italian Yields SurgeThe Daily Ticker (Wed, Nov 9) , PERVASIVELY CORRUPT, DEFACTO BANKRUPT AMERICA IS A TOTAL FRAUD IN THE INDUCEMENT AND FACTUM. #9. (see infra) World’s Largest Drug Dealer: The American empire is the largest drug dealer in the world!  Say it isn’t so. Well, in addition to forcing legal drugs and genetically modified organisms on nations, usually under the cover of foreign aid, America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm ] , Dave’s Daily http://www.etfdigest.com ‘Perhaps this is now the “no news is good news” market since a rally on Berlusconi’s resignation is beyond irrational. But, we’re long so I shouldn’t complain too much even though emotionally there isn’t much to like overall. The only bullish thing is the action of the tape and this is the season when bulls can make their year. Speaking of HFTs and algos, HFT issues are thoroughly covered with HFT Alert founder Steve Hammer and myself in the video interview below. The presentation contains two parts: the first outlines HFT basics—how they work and their controversial impact on financial markets. The second part we discuss how traders can benefit or make money by using HFT Alert’s unique trading services. http://www.youtube.com/watch?feature=player_embedded&v=NzfmT4vGXZY [ ‘Off to the golf course’, indeed. Those are Mr. Hammer’s concluding remarks. Not because he’s a trader, but because he’s selling this ‘very functional in terms of what’s going on’ package. The truth is that even today, at lightning speeds, there are very few successful traders (as distinguished from investors, and there is a huge distinction, though much less so today)(over the longer term and is akin to the apposite old adage, ‘you can win a race but you can’t win at the races’). Indeed, some companies / brokerages employ them just for the volume / commissions they produce. Most telling, in this video, is the beginning wherein it’s explained that in literally a second(s), mere quotes can give rise to revenue (as with commissions, pieces of the action) which has to come from someplace. The problem is that ultimately, this ‘churn-and-action’ computer programmed action at ‘lightning speed’ is parasitic inasmuch as it is without any economic utility whatsoever in real economic terms as are commissions in ‘after-market stock trading’ (as distinguished from initial ipo’s) that are tantamount to a tax on the real economy; hence, the benefit to the frauds on wall street at the expense of and to the detriment of main street, taxpayers, and the populace in general, as we’ve seen and continue to see. ‘Remember, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone else’s expense including main street. They’re just not that important and represent, like termites eating away at the nation’s foundation, a drag on the economy, the nation as one would expect from parasites such as they are’. What to Expect Next From the Markets Minyanville  Jeffrey Cooper ‘Conclusion: It looks like a program was run using the least amount of dollars to goose the indices by focusing on some big cap names like Apple, Amazon, Baidu, IBM, and Caterpillar { Dave’s Daily:’.. The HAL 9000s have been doing business as HFTs (High Frequency Traders) launching many buy or sell programs using complex algorithms which can drive prices on indexes higher or lower in dramatic fashion. One of their great acts is called "quote stuffing". It's another illegal activity which the SEC hasn't quite figured out. It's as futile for them as the illegal fee-driven recent end-of-quarter price jam-job..’} Then there’s the fed complicity in these various wall street scams by way of QE’s / dollar debasement which of course benefits the frauds on wall street to the detriment of literally everyone else. ]So, as indicated stock prices shot higher on the Berlusconi news. Gold prices saw some profit-taking, the dollar was weaker, commodities stronger and bonds weaker.Volume was on the light side and breadth per the WSJ was quite positive…’ , Dave’s Daily http://www.etfdigest.com ‘Perhaps this is now the “no news is good news” market since a rally on Berlusconi’s resignation is beyond irrational. , U.S. Auto Sales And Consumer Credit Hard To Reconcile http://www.bullfax.com/?q=node-us-auto-sales-and-consumer-credit-hard-reconcile ‘The last number in the Fed consumer credit report for new car loans is for the first quarter of 2011, and it showed a decline of 2.73% from the fourth quarter of 2010. Yet new auto sales for the same period increased 3.97%. Fascinating.’ , Barclays Says Italy Is Finished: "Mathematically Beyond Point Of No Return"Durden on 11/08/2011 - 20:13 , Bond dumping and Berlusconi Pivotfarm : 11/08/2011 - 08:18 BNP Paribas SA and Commerzbank AG (CBK) are unloading sovereign bonds at a loss, leading European lenders in a government-debt flight that threatens to exacerbate the region’s crisis. BNP...’ , Trouble Ahead: Employment, Inflation, and the Fed Minyanville Jeff Harding , Embarrassing Blunders Wall Street Loves to Hide ETFguide  Maierhofer , SPDR Dow Jones Industrial Average ETF Experiences Big Outflow Forbes , ETF Fund Flows: SPY Bleeds $1.14 Billion IndexUniverse.com , Got PrimeX Short?: Half The Country's Mortgages Are Underwater Durden , As Geithner Says Supercommittee "Holds Key To Rebuiling Confidence" Supercommittee Says "Trillions Of Dollars Apart" Durden , Wikileaks Exposes German Preparations For “A Eurozone Chapter 11″ Zero Hedge | A worst case scenario, says Mayer, could be that Germany pulls out of the Eurozone altogether in 20 years time. , Italy borrowing rates hit record The Italian government's borrowing cost rises on fears over political uncertainty, with 10-year bond yields hitting a euro-era high of 6.64%. , Are RBS And NatWest The First Victims Of “Bank Transfer Day” Zero Hedge | Earlier today we received the following email from a reader: “RBS systems are down today – ALL of them. , Euro-Kaput: ‘Euro could be dead by end-November’ Russia Today | Greek PM George Papandreou is aiming to form a coalition government and push through an international bailout package. , HFT TRADING RULES MONDAY Dave’s Daily: http://www.etfdigest.com 11-7-11 , Italy: Too Big to Fail, Too Big to Save? Nov 7th, 2011 (CNBC) , Italian Debt Crisis Has Global Markets on Edge. Here’s Why It Matters to You JK Comment: The Daily Ticker guys offer some interesting insight on the evolving situation in Europe, and how “contagion” may not be limited to the shore’s of Europe.’ , Presenting The Latest Eurodebt Exposure Masking Scam Courtesy Of Morgan Stanley: Level 1 To Level 2 Transfers Durden , Here Is Today's 3pm Rumor... Durden ‘In true save-the-market style, as 3pm ET comes around we have another rumor from Europe. This time it purports to be the creation of an investment fund, as a subsidiary of the EFSF, which will 'attract' external capital sources, via tranching of returns, to enable the purchase of sovereign debt in primary and secondary markets. Headlines, via Bloomberg, for now suggest this is yet another strawman…’ , No smoking gun: IAEA Iranian nuclear report falls flat on its face Patrick Henningsen | The IAEA report has come up short, but the Axis powers are still desperate to hit Iran , 10 Reasons America Will Be Judged as the Most Brutal Empire in History http://www.prisonplanet.com/10-reasons-america-will-be-judged-as-the-most-brutal-empire-in-history.html Activist Post | Good and evil doesn’t have a grey zone.. America and her Western cohorts will likely be viewed as the most brutal empire in history.. Although this empire is infinitely more powerful than Rome was, it will suffer the same fate.  For every negative action the empire commits, there’s an equal and opposite good reaction. And the goodness of humanity will always defeat tyranny when it goes too far.  However, an empire with so much to lose will go down swinging and slinging every weapon in its arsenal, thus putting the final stamp on their status as most brutal empire in history.’ , Greek Debt Crisis: Mark II of the Plan for a Greatest Depression Kurt Nimmo | HSBC, a prized bankster asset connected to the City of London, warns of a global depression. , Hit With Big Withdrawals, Fed Sells Assets, Borrows Cash ilene 11/06/2011 , Fed Underestimated Economy's Weakness: Kohn TheStreet [ Another ‘duh!’ moment from the fraudulent fed! ] , Tempted by Europe? Don’t Be - http://www.theglobeandmail.com/globe-investor/markets/markets-blog/tempted-by-europe-dont-be/article2228163 ‘ , Europe. Is. Finished. Phoenix Capital... 11/05/2011 ‘Europe is finished. The region’s entire banking system is insolvent (with few exceptions).’ Earnings Warning Ratio Highest In a Decade The Wall Street Journal ‘…In other words, even as the market has rallied, the outlook for earnings has gotten worse.’ , Minyanville's T3 Weekly Recap: Market Breaks Streak of Weekly Gains, Focus Shifts to Italy Minyanville , The Chart That's Forecasted Every Major Move Correctly Since March 2011 Simon Maierhofer 11-4-11 ‘…major indices may just be chopping around for another week or two before heading south for the winter…’ , SPX and NDX Update: Top May Be In as Retracement Rally Hits Targets Jason Haver , Handicapping a Global Market Meltdown Minyanville  , Extreme Poverty Is Now At Record Levels – 19 Statistics About The Poor That Will Absolutely Astound You The Economic Collapse , Insider selling surges — CBS MoneyWatch , Greenspan Suggested Cutting Taxes on the Wealthy to Increase Debt so the Fed Wouldn't "Lose Control of Monetary Policy" George Washington , First Time Unemployment Claims Increase But Less Than Usual : ilene : 11/03/2011 - There's just one minor problem. http://www.zerohedge.com/contributed/first-time-unemployment-claims-increase-less-usual Courtesy of Lee Adler of the Wall Street Examiner "Fewer people applied for unemployment benefits last week, a hopeful sign that the job market might be picking up," trumpeted the AP, in a news item picked up by news organizations across the US and the world. There's just one minor problem. First time claims actually increased by 9,361. The AP, and everybody else, reports a fictitious number, the seasonally smoothed fantasy. They do that because they figure that readers are too stupid to compare this week's performance with the same week in previous years to see if the economy is doing better or worse. I hold no such preconceived notion. If you are smart enough to be reading this report, then you are smart enough to be able to compare actual numbers, as opposed to the fake pablum spoon fed to you by the economics punditocracy…’ , Unique Historic Precedents Suggest Lower Prices http://finance.yahoo.com/news/Unique-Historic-Precedents-etfguide-1382828970.html?x=0&.v=1 ETFguide Simon Maierhofer, November 3, 2011 , Europe is doomed — Felix Salmon http://blogs.reuters.com/felix-salmon/2011/11/03/europes-doomed-fate ‘This is beginning to feel like 2008..’, Because Central Banks Just Aren't Enough: G-20 Will Ask IMF To Print Reserve Currency Durden Four months ago we predicted that in response to the latest round of global economic deterioration, every central bank would very soon join the toner party., Today's Joke Du Jour Comes From Italy's Biggest Bank, UniCredit , SEC Opens Investigation Into MF Global Insider Trading, Ignores Glaring Evidence Of Client Capital Commingling, Hugh Hendry Channels Irony And Paradox In His Latest Financial Outlook ‘..So what’s next? A crash, of course..’, As Repeatedly Warned, Quarter End Window Dressing Key Factor In MF Global's Demise Durden11/04/2011 Citi: "The Bear Market Rally Is Behind Us; We Anticipate A Move To 1,000-1,015" by Durden 11/02/11 , Fed lowers GDP forecast, raises unemployment projections, mulls more inflation producing, failed, futile, wall street fraud-friendly action to the detriment of all others which rallies those ever more worthless as with dollars ‘pieces of paper’ (actually not even, just ‘over-counted/supplied computerized ‘ledger’ entries) for the ubiquitous as in the last financial fraud debacle) for the continuing High-Frequency-Trade churn-and-earn (Reuters) , Market Recap: Banks Rally Back, Fed Outlook Worsens [jersey based, former lautenberg adp data’s as worthless as that from the scandal-scarred commerce dept. et als, ie., factory numbers; then, the labor dept.’s fake report, estimates, numbers, including the b.s. service sector, etc..) Wall St. Cheat Sheet  , Fed foresees far weaker growth than it had earlier , MF Global Client Theft Estimate Doubled To $1.5 Billion? Durden, Game Over Berlusconi? Italian Anti-Crisis Bill Fails Durden, Egan Jones Downgrades Jefferies On Concerns About Sovereign Exposure Amounting To 77% Of Equity Durden , Guest Post: MF Global Shines A Light On Monetarism's Incapacity To Enhance The Real Economy , Will Spiking Vol Drag Global Growth Down? [Short answer: YES! The HFT churn and earn is parasitic, benefits the frauds on wall street only, and ultimately must ‘come from some real place’ (ie., main street, taxpayers, etc.)] The Greco-Franco Bank Run Has Skipped the Pond, Landed in NY/Chicago and Nobody Noticed, Exactly As I Predicted! Reggie Middleton 11/01/2011 ‘We just experienced a bank run in the US that I have been warning of for months on end. A bank run that resulted in this country's 8th largest bankruptcy,,, ever - and nobody even noticed.’ , How US Banks Are Lying About Their European Exposure; Or How Bilateral Netting Ends With A Bang, Not A Whimper Durden , Keeping Up With The Korzines In The Kooler: FBI To Investigate MF Global's Theft Of Client Money Durden , US construction spending +0.2% in Sep, below market expectations of +0.3%, vs 1.6% Aug. Nov 1st, 2011 , US ISM fell to 50.8 in Oct, below market expectations of 52.0, vs 51.6 in Sep. Nov 1st, 2011 Guest Post: Fed Trapped By Inflation Durden , Keeping Up With The Korzines In The Kooler: FBI To Investigate MF Global's Theft Of Client Money Durden, US Food Stamp Usage Hits New Record Durden , The Coming Derivatives Crisis That Could Destroy The Entire Global Financial System The Economic Collapse , The REAL $200 TRILLION Problem Bernanke’s Worried About Phoenix Capital... ‘US Commercial banks have $200 TRILLION in interest rate based derivatives sitting on their balance sheets. And guess which banks have the greatest exposure…’ ; and, finally the coup de gras , America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’, Unthinkable Poised to Happen on Wall Street. See Disturbing Charts. (Moneynews) http://w3.newsmax.com/a/aftershockb/video.cfm?PROMO_CODE=CD97-1 , http://www.stansberryresearch.com/pro/1108PSI9MOVD/PPSIMA06/PR Mf global, plus mob infested jersey former governor, plus fraudulent wall street, plus mob strong new york, plus rich mob history Chicago, equals fraudulent scheme / theft / scam in the making and then reality! Someone Is Going To Jail For This: MF Global Caught Stealing Hundreds Of Millions From Customers? Durden 10/31/2011 , Graham Summers’ Weekly Market Forecast (Wake Up Call Edition) Phoenix Capital... 10/31/2011 The markets flew into this deal based on rumors and short-covering and are now waking up to the plain obvious facts that you cannot solve a debt problem with more debt. , Panic Behind The MF Scenes As Company Refuses To Disclose Information To Regulators Even In DeathDurden 10/31/2011 , Are Investors Buying on False Hope? Minyanville , Markets Remain in Cyclical Bear Market Kevin Tuttle [ Actually this is a secular bear market with much worse to come! ] , U.S. and Europe … “Self-Induced Stagnation,” says Economist Editor The Daily Ticker , Why Last Week's Euro Fix Won't Do the Trick ETFguide Maierhofer , Corzine's MF Global collapses under euro zone bets , Are Ratings Agencies Taking Bribes?Wall St. Cheat Sheet [ One way or another, from all 3 branches of u.s. government to u.s. businesses coast to coast, wall street to main street, they’re all getting / taking bribes! ] , SPX and NDX Update: A Disturbing Look at Fundamentals, and the Rally Explained Jason Haver Oct 31, 2011 , China Says Not So Fast On Rescue http://www.thestreet.com/_yahoo/video/11292710/buy-and-hold-is-dead-buy-and-hedge-instead.html?cm_ven=YAHOOV&cm_cat=FREE&cm_ite=NA&s=1#1250281566001 , MF Global Caught in Death Spiral , Sell H-P! Against the Grain 10/31/11 , Europe Will Make Lehman Look Like a Joke http://gainspainscapital.com/?p=1010 Summers 10-28-11, Be Honest – The European Debt Deal Was Really A Greek Debt Default : ilene : 10/28/2011 - 2012 looks like it is going to be an extremely painful year. [ Yes! Very painful! I believe Dave was the first ‘to get this’ in passing yesterday; and, thinking on it more, I believe this charade cheered particularly by the frauds on wall street (and surprisingly germany) was for the purpose of ‘voluntary’ to avoid the Credit Default Swap trigger. Yet, the real bad news is that, even worse than as with the last financial debacle, owing to the greed-driven, commission/fee generating churn and earn of innumerable, bogus, worthless, levered, negatively valued on event financial instruments at computerized lightning speed, the commission-generating paper is beyond the frauds’ abilities to account for; and not just the CDS’s ( ETFs have potential to become the next toxic scandal Sep 19th, 2011 News (The Telegraph) Financial Stability Board (FSB), an international super-regulator, wrote a prescient if less than catchily-titled paper “Potential financial stability issues arising from recent trends in Exchange Traded Funds (ETFs)”..warning – ETFs are not the cheap and transparent vehicles the marketers would have us believe ..no one who read the FSB report was surprised to see the words ETF and rogue trader in the same sentence… half of the ETFs in Europe today do not match the index they are designed to track by holding all of its constituent shares.. Derivative trades add a second layer of uncertainty .. the counterparty risk that the organisation on the other side of the contract might go bust. Even worse, the provider of the ETF might sometimes be a part of the same organisation as the derivatives desk carrying out the swap…For reasons which I’m not sure I could explain even if I had the space, it is possible for the number of shares sold short in an ETF to massively exceed the actual number of shares available.’). Not only is it that The Greek Deal Accomplishes Nothing… Systemic Risk is Coming http://gainspainscapital.com October 27th, 2011 (Yes! It’s happened again. No … not just the (Weimar) funny money and rally as in the great depression followed by the inevitable bust /crash Parallels to The Great Depression Suggest Higher Prices Followed by a Bust ETFguide Simon Maierhofer, October 25, 2011), but , Dave’s Daily http://www.etfdigest.com/davesdaily ‘The only thing wrong with the image above is that it’s from March 2010, or on one of many previous plans agreed upon. But, markets don’t care about this and just thirst for any deal even if memories remain short.. HFT algos are programmed to pounce on these presumed fixes and have been active in driving stock prices higher this past week. Let’s face it; this is the time of year bulls can make their year with good fees and bonuses on the line…’ , Dave’s Daily: http://www.etfdigest.com ‘The above image displays quotes per second coming from HFT (High Frequency Trading) systems http://www.etfdigest.com/images/stories/davesdaily/1866/image002.jpg http://www.etfdigest.com/images/stories/davesdaily/1866/image002.jpg . The two graphs display action towards the close of trading Friday. The upper graph shows action of “algos” per second while the bottom the number of HFT quotes per second over a three minute time period with colors for each exchange. The lower graph displayed nearly 300 quotes per second—got that? Perhaps only a small fraction of these are real trades with the others being just bids and offers designed to stimulate program trading algorithms. This is posted because nearly 70% of all volume and trades on the NYSE for example are program trades with HFTs now dominant. ‘ Then there’s the reality / folly that the mental case with the funny / odd little mustache has been displaced by another ubiquitous fraud of collectively the ‘multiple mental cases modern day equivalent variety’; viz., the bourse, bourses, ‘boursers’, stock exchanges, ‘market fraudsters’(wall street particularly), and their lightning fast, high frequency trading computers(‘ programs). After all, the already undercapitalized banks are now 50% more undercapitalized (those Yule Brynner hair cuts are a b**ch); there’s good money after bad; and square pegs are, for the nonce, ‘fitting’ into round holes. Nothing’s been solved and there’s much worse to come! Take this as the ‘gift’ (to stock markets everywhere, ultimately paid for by main streets and taxpayers everywhere) [Market Now Overbought: Birinyi The Wall Street Journal ] it was meant to be and sell, take profits, since this ‘microcosm of the crisis’ was never the real reason for lower markets but merely at best a symptom of [ at worst a scapegoat for ] these great depression-era times, the worst of which will be seen. It’s coming! Funny money will just exacerbate the inevitable! This may sound like a platitude; but, fundamentals and reality still count! Is It Foolish to Get Excited About the Latest Deal to Save Europe? ETFguide  http://finance.yahoo.com/news/Is-It-Foolish-to-Get-Excited-etfguide-2444921710.html?x=0&.v=1 Simon Maierhofer, 10-27-11 [Short answer: YES! ] . The looney loonie now exceeds the value of the ‘funny-money’, debased dollar (who coulda / woulda have ever thunk it). Inflation, Jobs, and the Artificial Flow of Monetary Policyat Minyanville Bad news and b***s*** (as in no plan plan) across the board (and sea) … yet stocks rallied …US durable goods orders -0.8% in Sep, near expectations, vs -0.1% Aug. Oct 26th, 2011 by News , Paper currency has too much bull, not enough bullion Oct 26th, 2011 by News (Globe and Mail) — Sir Mervyn King, governor of the Bank of England, ordered up another $300-billion (U.S.) in easy money earlier this month, then mentioned, by way of explanation, that we are living through the most serious financial crisis since the Great Depression – “if not,” he said ominously, “ever.” Sir Mervyn’s warning was only marginally more sobering than the collective warnings of Prime Minister Stephen Harper, Finance Minister Jim Flaherty and Bank of Canada Governor Mark Carney.This is not to mock. These men know enough not to scare people out of their wits unless it necessary to do so. So the question is, what do these people know that the rest of us don’t?More related to this story:To put Sir Mervyn’s warning into its historical perspective, it must be noted that “ever” goes back a long way. The biblical record cites one calamitous meltdown 4,000 years ago, “when money failed in the land of Egypt.” Did Sir Mervyn deliberately or inadvertently include the financial crashes of antiquity in his portentous warning? Isn’t it the failure of money that now threatens the world? [source] Euro Zone to Quadruple Bailout Fund: Sources Oct 26th, 2011 by News (CNBC) — … [source]PG View: Leverage is very much a double-edged sword, also capable of amplifying losses. Nobody ever seems to talk about that. Of course Europe can always bailout its bailouts… STOCKS TANK BEFORE EU MEETING THAT EVERYONE EXPECTS TO FAIL: Here's What You Need To Know Business Insider [ No …this is not quite correct … the point being there’s nothing they can do to make it (other than the meeting in and of itself as ‘a much ballyhooed event’) succeed! Graham Summers’ Weekly Market Forecast (Stocks Are Last to Get It Edition) Phoenix Capital Research 10/24/11 ‘…So if you have not already taken steps to prepare for systemic failure, you NEED to do so NOW. We're literally at most a few months, and very likely just a few weeks from Europe's banks imploding …’, Four Facts that PROVE the EFSF Doesn’t Matter… At All Phoenix Capital 10/20/2011Four Facts that PROVE the EFSF Doesn’t Matter… At All - ‘.. And those investors who get suckered into betting this mess will work out well are very likely going to lose everything. The impact of the fallout from this will make 2008 look like a joke. The EU is the largest economy in the world. So if its banking system collapses (and it will) we’re facing a full-scale Global financial meltdown (the IMF has even warned of this)…’ , Parallels to The Great Depression Suggest Higher Prices Followed by a Bust ETFguide Simon Maierhofer, October 25, 2011 Investors' Number One Worry: Europe Posed to Bring Down Global Economy Minyanville [ Riiiiight! Europe following the ‘american way’ of ‘insurmountable debt, funny money and wall street fraud, and throw in a destructive, wasteful war or two or three’ is ‘ the one’ … to reiterate: America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’ ], Minyanville's T3 Daily Recap: The Anatomy of a Market Reversal T3Live.com Oct 24, 2011 ‘Now may be a good time to take some profits after a strong October run in the market…’, 10 Reasons The Consumer Will Sink This Rally http://www.bullseyemicrocaps.com/?p=13626 Bret Jensen , United States tipped to lose another AAA credit rating Reuters | Either from Moody’s or Fitch , Can The Hope Rally Continue? [ Short answer: NO! ] , Graham Summers’ Weekly Market Forecast (Stocks Are Last to Get It Edition) Phoenix Capital Research 10/24/11 ‘…So if you have not already taken steps to prepare for systemic failure, you NEED to do so NOW. We're literally at most a few months, and very likely just a few weeks from Europe's banks imploding …’, Minyanville's T3 Daily Recap: The Anatomy of a Market Reversal T3Live.com Oct 24, 2011 ‘Now may be a good time to take some profits after a strong October run in the market…’, 10 Reasons The Consumer Will Sink This Rally http://www.bullseyemicrocaps.com/?p=13626 Bret Jensen , United States tipped to lose another AAA credit rating Reuters | Either from Moody’s or Fitch , Can The Hope Rally Continue? [ Short answer: NO! ] , Unthinkable Poised to Happen on Wall Street. See Disturbing Charts. (Moneynews) http://w3.newsmax.com/a/aftershockb/video.cfm?PROMO_CODE=CD97-1 , http://www.stansberryresearch.com/pro/1108PSI9MOVD/PPSIMA06/PR , ECRI Recession Watch: Growth Index Drops Further http://advisorperspectives.com/dshort/updates/ECRI-Weekly-Leading-Index.php Doug Short 10-21-11 ‘The Weekly Leading Index (WLI) growth indicator of the Economic Cycle Research Institute (ECRI) has now posted 11 consecutive declines since early August. The interim high of 8.0 was set in the week ending on April 15. The latest reading, data through October 14, is -10.1, down from the previous week's -9.7. On September 30th, the ECRI publicly announced that the U.S. is tipping into a recession, a call the Institute had announced to its private clients on September 21st. , Earnings forecasts look less bright NEW YORK (Reuters) - Prospects for corporate earnings are dimmer in the coming quarters -- even though reports so far this quarter have been relatively bright. [ Relatively bright? Only because most are not relatively bright having failed to yet ‘catch on’ to this nation-debilitating, but wall street favored defacto fraud. The ‘miracle’ of ‘funny money’ wherein the ‘debased currency strategies’ (ie., QE’s, etc.) among other accounting manipulations lead to ie., costs reported in ‘more valuable but fewer dollars’ and sales / revenues reported in debased dollars (simply more of them, but no real value created, profits overstated in real terms). ] , Banks closed in Colo, Fla, Ga; 84 failures in 2011 AP , With Some Hope In Europe, Time To Go Short? Forbes  Steve Schaefer, Forbes Staff ‘European leaders are gathering Sunday and Wednesday in meetings aimed at hashing out an expansion of the region’s bailout fund and recapitalizing banks, but with expectations for a solution rising the risk of a less-than-comprehensive plan rattling markets may be growing...“The bar is set too high,” he believes, arguing that even if the market rallies on a deal being reached, the implementation of whatever resolution plan is adopted will be cumbersome and ultimately amount to “solving a problem of debt with more debt.” When the market realizes that, October’s 9.5% gain to date could unravel in a hurry. The recent stage in the too-rapid rise to current levels is largely a result of short-covering and investors who missed the initial stage of the recovery jumping on board…’ , Dead Stocks Walking smartmoney.com, S&P sees downgrade blitz in EMU recession, threatening crisis strategy Oct 20th, 2011 News By Ambrose Evans-Pritchard (The Telegraph) , Euro Summit Imploding: Merkel Cancels Friday Government Statement On EFSF Durden on 10/20/2011 , Student Loan Bubble To Exceed $1 Trillion: "It's Going To Create A Generation Of Wage Slavery" And Another Taxpayer Bailout Durden ‘..All we need to do is teach people that Washington D.C. and Wall Street are now the same corrupt entity.  They are one gigantic rogue trader sucking the lifeblood out of America..’ , , As growth lags, IMF warns of downturn After warning that high debt needed immediate attention, the organization is now urging countries to look for ways to boost growth amid concerns that austerity might bring renewed recession. Euro drops as Germany seeks no quick resolution (Washington Post) [ Duh … ya think? 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge | By now everyone has had a chance to play with the US debt clock. But what about its global cousin? Is the US Economy in a Recession? thetechnicaltake ‘A simple indicator constructed from readily available data is suggesting with great certainty that the US economy is already in a recession.’ , US to Experience Stagflation Worse Than 1970s: Jim Rogers CNBC , Jeff Applegate: Not Sheepish About Turning Bearish The Wall Street Journal  Jonathan Cheng ‘Last week was a tough time to turn bearish. Since hitting a bottom on Tuesday, the Dow Jones Industrial Average has jumped by 11% in less than two weeks, raising hopes among some investors that the U.S. and Europe may be able to power through their summertime woes. Not for Jeff Applegate. Mr. Applegate, the 61-year-old chief investment officer of Morgan Stanley Smith Barney, last week made his biggest bearish shift in more than two years, battening down the hatches and reducing his exposure to stocks, high-yield bonds, commodities and real-estate investment trusts…’, Fed should adopt GDP target, Goldman says Oct 17th, 2011 News (MarketWatch) — The Federal Reserve should target the level of gross domestic product, Goldman Sachs economists said ahead of a wave of speeches from central bank officials.In a note published Friday night, Goldman Sachs said the best way for the central bank to loosen policy significantly further would be to target a GDP path, and commit to using more asset purchases to achieve that path.“While a shift to a nominal GDP level target would be a big decision, it would be consistent with the Fed’s dual employment and price mandate,” the economists wrote.[source] PG View: [Talk about self-serving disingenuity that along with their frauds, goldman’s come to be known for! Goldman, like the lunatics at salomon brothers should be out of business and vigorously prosecuted; having in large part helped create this crisis which continues with their dollar debased HFT’s. (‘Salomon Brothers' success and decline in the 1980s is documented in Michael Lewis' 1989 book, Liar's Poker. Lewis went through Salomon's training program and then became a bond salesman at Salomon Brothers in London.’Wikipedia. Acquired by Travelers / Citi. ] A timely position taken by Goldman Sachs in light of the inflation piece written by John Mauldin on Saturday. Yes, it does indeed seem that “inflation as a solution” is gaining traction. I say tom-a-to, you say tom-ah-to. I say inflation targeting, you say GDP targeting. Whatever you call it, it’s synonymous with dollar devaluation and you best be saving in something other than dollars if you hope to come out the other side unscathed.Can “It” Happen Here? Oct 17th, 2011 News By John Mauldin15-Oct (JohnMauldin.com) — I was inspired for this week’s letter by a piece by Art Cashin (whom I will get to have dinner with Monday). His daily letter always begins with an anecdote from history. Yesterday it was about Weimar, told in his own inimitable style. So without any edits, class will commence, with Professor Cashin at the chalk board.[Cashin's recounting of the nightmare German inflation, which we posted last week.]…”, Full moon October 10-14, 2011 … I’ve examined the weekly results for the global markets … Conclusion: The global euphoria, irrational exuberance in the financial markets worldwide, courtesy of the blazing full moon October 10-14, 2011 ; and yes, the lunacy once the exclusive province of fraudulent wall street is now a global phenomenon (10th near full beginning, 14th near full ending). , The More Government Spends, The Worse It Gets , Balance Of Fundamentals Will Continue To Weigh On Market , ECRI Recession Watch: Growth Index Declines Further http://www.bullseyemicrocaps.com/?p=11699 By Doug Short: The Weekly Leading Index (WLI) growth indicator of the Economic Cycle Research Institute (ECRI) has posted 10 consecutive declines since early August. Early last week, ECRI notified clients that the U.S. economy is indeed tipping into a new recession. And there’s nothing that policy makers can do to head it off , US budget gap widens, tops $1 trln for 3rd year Reuters , A New S&P 500 Low Still Awaits Us Minyanville  Erik Swarts Oct 13, 2011 ‘Watch the SPX as the market comes to terms with the continuing crisis in Europe , America's Lost Decade Will Last Until 2016 [ This is extremely optimistic! ] Forbes Lenzner , Harrisburg, Pa Files for Bankruptcy: Is Meredith Whitney Right? [ Short anwer: Yes! ] Peter Gorenstein , The Structural Challenges Facing Muni Bonds Minyanville , IRS Auditing How GOOGLE Shifted Profits Offshore to Avoid Taxes Bloomberg , Europe eyes bigger Greek losses for banks , Markets Are Dealing With a Foreboding Financial Backdrop Minyanville  Lee Adler Oct 12, 2011 ‘..especially, why have they been frantically dumping their corporate holdings since June? http://image.minyanville.com/assets/FCK_Jan2011/Image/October11/12/la10122.JPG Something is rotten here. These are signs of major systemic stress.. This may be one of those times, and it's not a happy picture..’ , Double-Dip Recession a Foregone Conclusion: Roubini Oct 11th, 2011 News (CNBC) — ‘The world’s advanced economies are headed for a second recession, regardless of whether there is further chaos in Europe, Nouriel Roubini told CNBC on Tuesday. The economist who correctly predicted the 2008 financial crisis…’, Slovakia votes down eurozone bailout expansion plans Oct 11th, 2011 News (BBC) , Euro About to Dissolve? Oct 11th, 2011 News Patrick A. Heller (NumisMaster) — “This is the most serious financial crisis we’ve seen, at least since the 1930s, if not ever., ROUBINI: The Recession Is Guaranteed, The Only Question Now Is How Bad It Will Be Business Insider | Nouriel Roubini sees bad times ahead for the economy. , Nobel Prize Winning Economist Who Supports Wall Street Protests SLAMS the Federal Reserve Washington’s Blog | Nobel prize winning economist Joe Stiglitz – like many other high-level economists – supports the “Occupy Wall Street” protests. Graham Summers Weekly Market Forecast (Dexia Now... Who's Next? Edition) http://www.zerohedge.com/contributed/graham-summers-weekly-market-forecast-dexia-now-whos-next-edition Phoenix Capital Research 10/10/2011 THIS BEAR MARKET IS NOWHERE NEAR OVER. , We Are Still Early In This Bear Phase http://www.bullseyemicrocaps.com/?p=10478 Roger Nusbaum Stocks Surge On New Promises From European Leaders, Dow Adds 300 Points [ Come on! Wake up! Two desperate, failed politicians who haven’t the slightest idea what they’re doing; certainly in the areas of finance and economics. Indeed, they’ve borrowed from a page in the fraudulent wall street / defacto bankrupt american book of failure and fraud in banging ‘square pegs in round holes’ along with nation-draining fraudulent obfuscation with b***s*** alone that hearkens back to that ’Weimar dollar’ era that was precursor to and inevitably led to the inflationary / no real value collapse now underway as is already the scenario in america. How totally desperate and pathetic they are. This is cheered by the wall street types / frauds to enable them to favorably cash out. Take your profits while you still can, protect yourself while you still can, this fraud – induced collapse is just beginning. New ‘promises’! Currency-debased high inflation rally! What a joke they’ve become! ] “The Prevailing Debate Among Economists and Historians is Whether the World Economy Faces the ‘Great’ Depression of the 1930s or the ‘Long’ Depression of the 1870s” Washington’s Blog | Economists Agree: We’re In a Depression. Fitch cuts Italy, Spain ratings; outlook negative , Wall Street vs Reality: A Hopeless Tug-of-War? http://symmetrycapital.net/index.php/blog/2011/10/wall-street-vs-reality-a-hopeless-tug-of-war Are Wall Street strategists living in a bubble? [ The short answer is, ‘YES’! The long answer is your work is quite (closer to) correct (and worse when dollar debasement is factored in).] According to our work, credit market, demographic, and leading economic  indicators are all pointing to a level of between 800 and 1,000 for the S&P 500 between now and 2012-2013. Hold Your Enthusiasm ... This Is Still A Bear Market Rally http://www.bullfax.com/?q=node-hold-your-enthusiasm-still-bear-market-rally, 10/06/2011 , Yield Spread Confirming Recession Call http://www.zerohedge.com/news/guest-post-yield-spread-confirming-recession-call , U.S. stocks' massive "melt-up" fans investor fears Reuters October 5, 2011, By Edward Krudy NEW YORK (Reuters) - In less than one hour on Tuesday, the U.S. stock market surged by 4 percent -- for no apparent reason , Play It Again Sam: Dave's Daily ‘ ... The HAL 9000s have been doing business as HFTs (High Frequency Traders) launching many buy or sell programs using complex algorithms which can drive prices on indexes higher or lower in dramatic fashion. One of their great acts is called "quote stuffing". It's another illegal activity which the SEC hasn't quite figured out. It's as futile for them as the illegal fee-driven recent end-of-quarter price jam-job. One of these actions was featured courtesy of our friends at Zero Hedge and depicted below as it occurred Thursday afternoon. The first chart features the quotes per second (NOTE: one instance exceeding 800 quotes per second). The next chart shows the market's simultaneous reaction.  http://www.thestreet.com/tsc/daves/082511/image002.jpg ‘ ( Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ )( , 6 Reasons a Global Recession is Unavoidable Ron DeLegge, October 5, 2011, Dem.lautenberg’s jersey based ADP helps the desperate dem’s cause with 100% better than expected (false) private sector jobs report (Announced U.S. Job Cuts Rise 212% From Year Ago Bloomberg) , Gabriel Wisdom to Frank Motek of 1070amBus.Rept. says this is a bear market and we’ll see market lows in 2012. [video] Nervously Eyeing 50% RetracementTheStreet.com Mark Newton , Moody's Downgrades Italy By Three Notches The Wall Street Journal , Greek Bailout May Include Larger Writedowns for Private InvestorsWall St. Cheat Sheet . Enormous, last hour 370+ point upside suckers’ rally into the close based on b***s***, rumour (more ‘good money after bad’ bailout goin’ greek in the eu zone), nothing at all (pushed a button, ran a buy program?) to suck suckers in and keep suckers sucked in based upon as previously questionable if not outright fake, ‘upward-revised’ (based on inflation-spiked price increases at best) data also, ‘the data don’t distinguish between Americans who stop receiving benefits because they find jobs and those who fall off the unemployment rolls because their benefits expire- WSCS ‘THE GREATEST SHOW ON EARTH September 29, 2011 http://www.etfdigest.com ‘…Algos jumped on the headlines which is what they’re programmed to do. They don’t look under the hood for details since given their momentary focus, “facts don’t matter”—not at least right away. A closer look inside Jobless Claims data is the consistent revisions for higher previous claims. This makes current reports generally seem better by comparison. Further, the BLS states with this report the significant impact of “seasonal factors” skewing the report…’ ) . [ End of Quarter Price Mark-Ups; Dave’s Daily http://www.thestreet.com/story/11260606/1/end-of-quarter-price-mark-ups-daves-daily.html Dave Fry 9-27-11 ‘All you need do is view the last week of June 2011, the previous quarter end, and you'll note a similar quarter end jam-job…’ , Bernanke calls unemployment a ‘national crisis’ 28 Sep 2011 Fed chief Ben Bernanke said Wednesday that the nation’s weak labor market was “a national crisis” - Duh! No-recession-wall-street-lovin’-helicopter ben’s … done it again! … brilliant description of unfortunately what already is thanks in large part to his wall (fraud) street largess / welfare in the form of QE’s, etc. , Prepare for Lehman Brothers Part 2 , Arguments for Being in the Crash Camp Conor Sen Sep 28, 2011 , Now's Not the Time to Take on Equity Market Exposure at Minyanville Erik Swarts Sep 28, 2011 , [video]Buying on Rumor - Prepare For The Selling On NewsTheStreet.com TV , Roubini: U.S. in Throes of Economic Contraction Sep 27th, 2011 News (Bloomberg) , SHILLER: House Prices Probably Won’t Hit Bottom For Years Sep 27th, 2011 News (BusinessInsider) , Split opens over Greek bail-out terms Sep 27th, 2011(Financial Times) , The familiar fraud/pattern of end-of-month/quarter window dressing b***s*** story of ‘hopes’ (ie., americanized funny-money fraud in the eurozone, etc.) from the frauds on wall street … Dave’s Daily:’.. The HAL 9000s have been doing business as HFTs (High Frequency Traders) launching many buy or sell programs using complex algorithms which can drive prices on indexes higher or lower in dramatic fashion. One of their great acts is called "quote stuffing". It's another illegal activity which the SEC hasn't quite figured out. It's as futile for them as the illegal fee-driven recent end-of-quarter price jam-job..’ , despite the reality of bad news , New home sales hit 6-month low, prices drop , Euro zone damps talk of rapid debt crisis steps , On the Lookout for a Red October Minyanville ‘ … Aside from history, if we take a look at the global environment, there are a handful of things suggesting that we will experience a turbulent October…’ , Suckers’ rally into the close to suck suckers in and keep suckers sucked in based on lingering hopes for unaffordably damaging funny money / QE ultimately taxpayer funded / borne bailout / welfare for these fraudulent ‘titans of capitalism’ on wall street, viz., nothing whatsoever ( watch for their fraudulent / illegal end of month/quarter window dressing ) , and bad news ( Soros: US Is Already in Double-Dip Recession CNBC.com , Stocks: Don't Get All Comfortable Just Yet WS /Conway , Stocks Endure Worst Five-Day Slamming Since '08, Still On Edge About Greece Forbes , More Pain Is Coming To Equities http://regator.com/p/253227580/more_pain_is_coming_to_equities Penguin Capital Markets , David Cameron: world on brink of new economic crisis London Telegraph , Every Age Group Is Getting Poorer In America, Except For One Advisor Perspectives , Global economy pushed to the brink Sep 23rd, 2011 News Financial Times , European and US Economies Teetering on Weak Policy, Leadership Minyanville Kerr , Moody's downgrades 8 Greek banks (AP) , Signs The Perfect Economic Storm Is Coming http://www.bullfax.com/?q=node-signs-perfect-economic-storm-coming , America’s debt woe is worse than Greece’s Sep 21st, 2011 News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks. Social Security can no longer afford to send us our annual benefit statements. The House can no longer afford its congressional pages. The Pentagon can no longer afford the pension and health care benefits of retired service members. NASA is no longer planning a manned mission to Mars. We’re broke for a reason. We’ve spent six decades accumulating a huge official debt (U.S. Treasury bills and bonds) and vastly larger unofficial debts to pay for Social Security, Medicare, and Medicaid benefits to today’s and tomorrow’s 100 million-plus retirees. The government’s total indebtedness — its fiscal gap — now stands at $211 trillion, by my arithmetic. [source]’ , $16 muffins, $8 coffee served in Justice audit , Market Recap: FOMC Announces Operation Twist, Banks Tumble, Investors Flee Sovereign Debt Wall St. Cheat Sheet September 21, 2011, Wall Street sinks 3 percent after Fed cites economic "risks" NEW YORK (Reuters) , Moody's downgrades big banks on changed policy , Italy downgraded, IMF says Europe behind the curve Reuters , IMF downgrades outlook for US and Europe economies [Sep 20, 2011] ... Fund has sharply downgraded its outlook for the U.S. economy through 2012 ... http://finance.yahoo.com/news/IMF-downgrades-outlook-for-US-apf-1240337037.html?x=0 much worse than expected: Market Recap: S&P Downgrades Italy, Housing Starts Tumble, Markets Wait on funny-money no-recession ben bernanke Wall St Cheat Sheet , IMF Downgrades Global Economic Outlook , Drudgereport: IMF WARNS: INTO THE DANGER ZONE... ...warns of USA 'lost decade' , New High: 37% Say Their Home Is Worth Less Than Remaining Mortgage Payments Rasmussen , 30 Signs That The U.S. Economy Is About To Go Into The Toilet The Economic Collapse , A Fed IOER Cut Could Backfire on Banks, Warns Pimco , 3 Reasons Markets Were Up As Central Banks Stepped in to Boost Dollar Liquidity in European Banks Wall St. Cheat Sheet ‘Today the Department of Labor announced that consumer prices had climbed twice what economists had predicted in August, while initial jobless claims jumped last week to their highest level since June. The Federal Reserve Bank of New York’s report on manufacturing in the region contracted more than expected in September, while its general economic index dropped to its weakest reading since November 2010, indicating that companies in the region covered by the New York Fed’s manufacturing index are cutting back. The consumer-price report also showed that hourly earnings fell in August in their biggest one-month decline since July 2008, while the cost of energy, food, healthcare, and shelter all rose.‘ , David Rosenberg: “It’s Time To Start Calling This For What It Is: A Modern Day Depression” Zero Hedge , Geithner: Economy In “An Early Stage” Of Crisis , Flat retail sales keeps U.S. on recession watch ) fraud / manipulated programmed hft (high frequency trades – see, ie., What to Expect Next From the Markets , Dave’s Daily, infra ) and b***s*** alone! [ Stock Market Secret Word of the Day Is 'Delusion' WSJ , watch for fake data / reports out of their sheer desperation , ‘american technology is horrendous and vastly overrated!’ I really mean it; and that’s reality, which speaks volumes about the pathetic state of the world , Minyanville's T3 Daily Recap: Market Squeeze Continues, But Was it a Trap? By T3Live.com ‘Today's action … another clever ploy to suck in longs while relieving some of the oversold condition of the market’ , Don't Trust Wall Street and this Market ETFguide ,  Congress budget agency warns panel of economic ills , Nearly 1 in 6 Americans in poverty, Census says , Cisco cuts long-term sales growth forecast , International alarm over euro zone crisis grows , Why Can't Wall Street Be Honest With The Public? Forbes , Venture capital veteran Perkins sees danger ahead , These Wall Street Firms are About to Start Firing People Like Crazy , Same Alan Greenspan Who Warned Against Budget Surplus Now Warns About Deficit , ETF Redemptions Highest Since 2008: Report ETF Trends , 20 Signs Of Imminent Financial Collapse In Europe The Economic Collapse , The 2nd Edge Of Modern Financial Repression: Manipulating Inflation Indexes To Steal From Retirees & Public Workers Gold Seek Lawless America: 20 Examples Of Desperate People Doing Desperate Things The American Dream , Poverty In America: A Special Report The Economic Collapse | America is getting poorer. How Greece Is Mocking the Rest of the World [ Well, let’s get real here! There’s plenty to mock in this world, and Greece is hardly the nation to be doing the mocking. I think it’s the markets that are mocking the rest of the world’s stupidity for buying into this false reality / obfuscation / fraud, particularly by way of the now pervasive worldwide acceptance of the american strategy of currency debasement which really is a fraud facilitator because it masks to all but the intelligent few the underlying economic weakness and decline. A simplistic example, though not perfect, is apropos here: a company sells a product for 1 dollar which costs 1 dollar to make (assuming arguendo to cover fixed expenses - no profit). The fed over-printing / creating dollars like mad to the point where it now takes 2 dollars to render the same purchasing power of 1 dollar when the goods were produced. The company sells the products for 2 dollars (the previous equivalent of 1 dollar before debasement). The company is now showing earnings 1 dollar per unit sold, yet in real terms, they’ve gotten no more than the equivalent of that 1 dollar per unit. (If you’ve been to the grocery store lately, particularly the last 1-2 months, I’ve found meats, etc., to be up 50-100%, etc.). The same obfuscating manipulations are applicable to assets generally, and to those pieces of paper called stocks which are even ‘worse for the wear’ since churn-and-earn commissions at lightning computerized speed are being subtracted from this illusory ‘enhanced value’ which in reality doesn’t exist at all. ( Such manipulations from currency translation also provide ‘arbitrage opportunities’ though similarly largely ultimately subtracted from no real value being created. ) This is why fraudulent wall street loves the fed’s QE’s and dollar debasement / over-printing / creating and also why it’s been a dismal failure and a net negative in real economic terms as seen on main street and in the decimation of the middle class and growing ranks of the poor. In the analysis of securities, this would be considered ‘the quality of earnings factor’ that goes into the assignment of a p/e multiple to the projected earnings. Sufficeth to say, this is no longer done on wall street in any real or legitimate fashion, if at all. Indeed, it’s a fair statement to say that security analysis is no longer a ‘practice’ as same was considered, once upon a time, by value investors / analysts. As set forth by Dave and Cooper, infra, computerized programmed manipulation at lightning speed has been expedient in the short run for the wall street frauds but ultimately leads to the inevitable crash since as I often reiterate: ‘Remember, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone else’s expense including main street. They’re just not that important and represent, like termites eating away at the nation’s foundation, a drag on the economy, the nation as one would expect from parasites such as they are’. What to Expect Next From the Markets Minyanville  Jeffrey Cooper ‘Conclusion: It looks like a program was run using the least amount of dollars to goose the indices by focusing on some big cap names like Apple, Amazon, Baidu, IBM, and Caterpillar { Apple Hits New High (Update1) [ 9-19-11 This manipulated programmed trade to froth markets is a crash in the making – sell at these ridiculous levels / take profits! }, Dave’s Daily:’.. The HAL 9000s have been doing business as HFTs (High Frequency Traders) launching many buy or sell programs using complex algorithms which can drive prices on indexes higher or lower in dramatic fashion. One of their great acts is called "quote stuffing". It's another illegal activity which the SEC hasn't quite figured out. It's as futile for them as the illegal fee-driven recent end-of-quarter price jam-job..’] Simon Maierhofer,September 16, 2011, ‘Webster's dictionary defines gullible as naive and easily duped or cheated'…’

Art Cashin On The Most Important History Lesson Of The Last Century Oct 13th, 2011 08:40 by News ZeroHedge) — Today, instead of the traditional market observations by the Chairman of the Fermentation Committee, we share with readers a critical historical lesson from Art Cashin, focusing on an event that took place 89 years ago, which as Cashin says “one of the most devastating economic events in recorded history and an important backdrop to Europe today. It all began with the efforts of a few, well intentioned government officials.” Many will know what we are talking about already…Originally, on this day (-2) in 1922, the German Central Bank and the German Treasury took an inevitable step in a process which had begun with their previous effort to “jump start” a stagnant economy. Many months earlier they had decided that what was needed was easier money. Their initial efforts brought little response. So, using the governmental “more is better” theory they simply created more and more money. But economic stagnation continued and so did the money growth. They kept making money more available. No reaction. Then, suddenly prices began to explode unbelievably (but, perversely, not business activity).[source] PG View: The hyperinflation of the Weimar Republic is unquestionably Germany’s defining economic moment, much like the Great Depression is ours. It goes a long way toward explaining why Germany continues to balk at further bailouts, leveraging, bond buying and expansive liquidity measures; they understandably fear the inflation. Keynsian thinking says governments should be printing and spending like mad in the face of grim growth prospects and an impending banking crisis, but German’s recall all-to readily that when über-easy monetary policy gets out of control, things can go from bad to catastrophic in a heartbeat. Cashin’s piece is indeed an important history lesson we all should take heed of. For further insight into the Weimar hyperinflation, be sure to read The Nightmare German Inflation. Previous:The latest b***s*** story into the close is ‘rich’, but not as in wealthy. One interviewee / pundit even preposterously referred to the ‘Marco Polo effect’, viz., that communist China’s rumored to be about to save one of the PIIGS, italy … but who’s going to save communist china … really … some very bad karma for communist china just ‘round the corner! Don’t forget, the market’s rallied literally many hundreds of points owing to that spin / b***s*** called the ‘euro solution’, etc., which of course, never existed in reality, but great ‘fraud’ points (that computerized hf commissioned churn-and-earn, up and down, get you now and get you later). Then the so-called ‘technical support’ levels … based on much worse than spun fundamentals / reality. It’s the other way around, fools … fundamentals create technical support levels, not vice versa. Unprecedented Monthly Volume Sell-Off Suggests Now's the Time to Take Shelter at Minyanville Kevin A. Tuttle Sep 12, 2011 , Preparing for a Credit Crisis at Minyanville John Mauldin , What's the Long-Term Outlook for Stocks and The Economy? ETFguide Simon Maierhofer, September 12, 2011 , ] Prepare For Recession And Bear Market at Forbes Sy Harding, ‘Brace yourself for a recession , Senate (Quietly) Approves $500 Billion Increase in Borrowing Authority Sep 9th, 2011 by News (WSJ Blogs) PG View: Shhhhh. Don’t tell anyone, but we blew through that initial $400 bln debt ceiling hike in about a month / Europe on the Verge of a Political Breakdown News , 4 Bearish Mega Trends Simon Maierhofer / S&P 1,100 And Lower - More Likely Than you Think , STOCKS DEMOLISHED, EUROPE NEAR BREAKING POINT: Here's What You Need To Know Business Insider , Ominous Bear Flag Pattern Suggests S&P 500 At 1,000 Scott Redler ,Keep in mind the ‘r’ word (‘recession’- actually should be ‘d’ word for depression) subtracting out the understated inflationary price increases (deflating growth with realistic inflation deflator), we’re already there (– see, Burt Dohmen, Financial Crisis Phase II Is Ahead at Forbes, infra) 7 Reasons Why New Lows are Likely ETF Guide , Albert Edwards Has Another Reason You Should Worry About Profits The Wall Street Journal, Mark Gongloff , Chart Shock: The REAL Unemployment Rate Is 22% The Daily Bail September 2, 2011 , Deja Vu All Over Again: Total US Debt Passes Debt Ceiling… In Under One Month Since Extension Sep 2nd, 2011 News (ZeroHedge) , Global Recession: Right Here, Right Now at Minyanville  Mike Shedlock Sep 02, 2011 , Fearing An Even Worse Inflationary Depression Ahead Bob Chapman | The debauching of currencies worldwide goes on with great abandon. Previous: Typical (suckers’ rally into the close on still lingering hopes for more fed funny money that’s a detriment / negative to all but the frauds on wall street and has been a dismal policy failure) window-dressed end of month based on bad news, fraud, and b***s*** alone – watch for fake data / reports out of their sheer desperation , Beware Dow In September: Do You Believe The Data? [ NO! I DON’T BELIEVE THE GOVERNMENT DATA ( Famed economist predicts economic calamity in 2012x http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 , NOR DO I BELIEVE THE NON-GOVERNMENT DATA (Accounting Gimmics Resurface as Growth Flounders at TheStreet Rebekah Smith, infra) , Global Recession Likely, Depression Possible: Economist Aug 31st, 2011 by News (CNBC) , Ignore Buffett's Advice, Don't Buy Stocks Forbes / Dohmen , The "Crimes" That Wrecked The Markets Forbes / Lenzner , What to Expect Next From the Markets at Minyanville  Jeffrey Cooper Aug 29, 2011 ‘Conclusion: It looks like a program was run using the least amount of dollars to goose the indices by focusing on some big cap names like Apple (AAPL), Amazon (AMZN), Baidu (BIDU), IBM (IBM), and Caterpillar (CAT) on Friday. That is why the market is so dangerous here…‘ Arguments for Being in the Crash Camp Conor Sen Aug 29, 2011 ‘If you want to take risk, only own things you're willing to own in a down 20-30% tape, because that's what we could see over the next month...’ , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). Fed Economists Predict A 15 Year Bear Market For Stocks Aug 23rd, 2011 News (BusinessInsider) , End Of Cycle Smelling Like Dow 3K, Gold 3K Forbes / Bill Bonner , No Recession Coming ... It's Already Here , Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events that warns of phase II of the global crisis… My work shows that “the new recession has started.”… Over the past 33 years, we have called the start of every recession, often on the exact month, or within one month, of the official start as determined one year later by the official arbiter of recession, the National Bureau of Economic Research (NBER)… However, inflation is far understated for political reasons. Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation, according to free market economists who calculate inflation as it was done in 1980 before the politician re-engineered it, is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ , NOR DO I BELIEVE THE NON-GOVERNMENT DATA (Accounting Gimmics Resurface as Growth Flounders at TheStreet Rebekah Smith) at this point of abounding desperation for both. ] Murray Coleman ‘If you believe in seasonal factors, betting on the Dow Jones Industrial Average ETF (DIA) wouldn’t seem like the best play about this time of year. Over the past 100 years, the Dow itself has averaged a drop of 0.8% in September, according to Bespoke Investment Group. Over the last 50 years, the Dow has averaged a fall of 0.79%; in the past 20 years the benchmark has typically dropped by 0.60% during the month…’

Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United States of America while Barack Obama is President.  The evidence is overwhelming:  everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed.  Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each.  Nearly 2-1/2 million fewer Americans have jobs than before the stimulus. Barack Obama has been President for 30 months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.  He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW.  His broken campaign promises are too numerous to list.  At some point, his statute of limitations on blaming Bush runs out…’ , The Bear Market Rally Has Begun at Minyanville  Toby Connor Aug 30, 2011 ‘…Investors need to be prepared. This is going to be a very, very convincing rally. The tendency is going to be to buy into the media hype -- that this was nothing more than a severe correction in an ongoing bull market. This was not a correction. This was the first leg down in a new cyclical (secular) bear market. And like all bear markets it will be subject to violent countertrend rallies that toy with traders' emotions, and ultimately cause investors to ride the bear all the way to the bottom…’ Scandal scarred commerce dept. report on consumer spending with anemic income figures (typically as always unworthy of belief as unbelievable anything the government says in their desperation) spurs suckers’ rally (along with some short covering) to suck suckers in and keep suckers sucked in. Massive Understatement: Mohamed El-Erian’s reply to Frank Motek 1070am regarding particularly the 300+ point swing to the upside today, ‘(they’re) confused’! Indeed they are! But when you’re commissioning those manipulated computer programmed high-frequency-trade swings, churning and earning at lightning speed, such euphemistic criticism falls short with the impact of water off a duck’s back. Moreover, how pathetic are they, those Pavlov dogs on wall street salivating at the mere prospect of a QE handout ultimately at taxpayer expense, in one form or another. Even more pathetic is the so-called ‘rally’ based on a purported rethink of fedspeak alleged to be so filled with ‘ latent / hidden ‘ meaning of a form of QE welfare down the road. Those pathetic ‘titans of capitalism’; aka, the frauds of wall street. Never mind that the QE’s have failed miserably and at great costs (inflation, financial, economic, etc.) and detriment to all but the frauds on wall street by way of their manipulated computer-programmed ( high frequency trading) commissioned churn-and-earn. Wall street’s rise has been among the causes of and comcomitant to america’s decline / demise. Remember, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone else’s expense including main street. They’re just not that important and represent, like termites eating away at the nation’s foundation, a drag on the economy, the nation as one would expect from parasites such as they are. So what’s changed of significance? Nothing! Absolutely nothing; yet a manipulated computer-programmed ( high frequency trading bots ) churn-and-earn suckers’ rally based on desperation, bad news, fraud and b***s*** alone to suck suckers in and keep suckers sucked in. Horrific news on the economic front particularly since the anemic (revised downward – and I think much worse than reported) 1% GDP growth is all owing to hefty price increases / inflation, fudged and not reported accurately. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events that warns of phase II of the global crisis… My work shows that “the new recession has started.”… Over the past 33 years, we have called the start of every recession, often on the exact month, or within one month, of the official start as determined one year later by the official arbiter of recession, the National Bureau of Economic Research (NBER)… However, inflation is far understated for political reasons. Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation, according to free market economists who calculate inflation as it was done in 1980 before the politician re-engineered it, is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ This is an especially great opportunity to sell / take profits because there’s much worse to come! , Despite being glad that Apple has survived (though outlook now dimmed regardless of rhetoric and beyond the Jobs retirement), ‘american technology is horrendous and vastly overrated!’ I really mean it, and that’s reality, which speaks volumes about the pathetic state of the world , Famed economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50% unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com , Bernanke - Man of Mystery: Dave's Daily at TheStreet  ‘Bernanke did what a lot of people expected him to do -- speak softly but carry a big printing press. After being down nearly 200 points the DJIA rallied to close higher by 135 points. Pundits shrugged embracing the idea if something was really wrong Bernanke would have acted; besides, bulls' reasoned stocks are cheap based on trailing PEs of around 12. Away from that was more crummy economic news with GDP printing at only 1% growth. This may be revised lower again like most other indicators of late…’ (Dave’s Daily:’.. The HAL 9000s have been doing business as HFTs (High Frequency Traders) launching many buy or sell programs using complex algorithms which can drive prices on indexes higher or lower in dramatic fashion. One of their great acts is called "quote stuffing". It's another illegal activity which the SEC hasn't quite figured out. It's as futile for them as the illegal fee-driven recent end-of-quarter price jam-job..’) Play It Again Sam: Dave's Daily [ As always, Dave is spot-on as an astute, knowledgeable, seasoned veteran of the markets. ] ‘ …Thursday was another great show starring Jobless Claims, Warren Buffet, HAL 9000s, Steve Jobs and, of course, Da Boyz running the CRIMEX (COMEX and CME) on precious metals options expiration.The spin on Jobless Claims data was prior claims were adjusted higher making recent higher claims look not so bad especially when you add Verizon workers. Warren Buffett entered from stage left with a $5 billion investment in Bank of America giving him 6% interest tax-free (a "coddled" billionaire?) and making he and Berkshire a new TARP program. The HAL 9000s have been doing business as HFTs (High Frequency Traders) launching many buy or sell programs using complex algorithms which can drive prices on indexes higher or lower in dramatic fashion. One of their great acts is called "quote stuffing". It's another illegal activity which the SEC hasn't quite figured out. It's as futile for them as the illegal fee-driven recent end-of-quarter price jam-job. One of these actions was featured courtesy of our friends at Zero Hedge and depicted below as it occurred Thursday afternoon. The first chart features the quotes per second (NOTE: one instance exceeding 800 quotes per second). The next chart shows the market's simultaneous reaction. http://www.thestreet.com/tsc/daves/082511/image002.jpg Steve Jobs sadly is retiring from his leading role as Apple CEO but the stock hardly budged given the products and brand are already well-known and his retirement was much anticipated. Last, but not least certainly, was the performance of Da Boyz production of gold price manipulation…’ Previous: Manipulated computer-programmed ( high frequency trading bots ) churn-and-earn suckers’ rally into the close based on desperation, fraud and b***s*** alone to suck suckers in and keep suckers sucked in! Stocks up on government report (I consistently and here now again warn of fake reports / data) on durables far better than expectations / reality…100% better? I don’t think so! … Come on … sheer desperation at best! Steve Jobs resigns from Apple, Cook becomes CEO - SAN FRANCISCO (Reuters) - Silicon Valley legend Steve Jobs on Wednesday resigned as chief executive of Apple Inc in a stunning move that ended his 14-year reign at the technology giant he co-founded i... [ Far more than just a ‘Silicon Valley legend’, Steve Jobs literally saved Apple from extinction … I’m truly glad he saved Apple, my first computer (1986 - apple IIc for word processing / data based records / forms / templates / data which I interfaced with an electric typewriter for letter quality) and for that all should be thankful. Apple is the Nasdaq (40% weighting) and quite more, that now was! That’s past tense. Steve Jobs goes out a big winner as indeed he should! Yet, make no mistake, as one might expect, his timing was impeccable inasmuch as without his uniquely inspired innovation, competition moving in, and particularly the coming debacle / crisis the worst of which lies ahead, things are not looking up, in and for pervasively corrupt / defacto bankrupt america particularly, euphemistically speaking. ] End Of Cycle Smelling Like Dow 3K, Gold 3K Forbes / Bill Bonner … ‘Our view [ the correct view ] is that the bear market began in January 2000. The feds fought it off with two huge extravaganzas of spending — the first beginning in 2001 the other after 2008. Stimulus does wonders for stock prices but it no longer works for the economy that sustains them. For every dollar that the Fed has put to work to fight the crisis since 2008, for example, it has produced only 80 cents worth of GDP. It didn’t work……that the recession of ’08-’09 in the US never actually ended……and that stocks will go down over the next 5-10 years until they finally hit a real bottom…’ Ted Weisberg to Frank Motek 1070am could think of no reason for the market to be up (BAD NEWS: new home sales down, oil prices up - ‘China's manufacturing index showed a decline, the seventh straight month of declines for German manufacturing and the first decline in two years for European manufacturing activity, in u.s. a big miss on new home sales and a decline in the Richmond Fed's manufacturing index.’) with some prodding ultimately a begrudging mention of that meaningless fudge term ‘oversold’ which of course is no reason at all particularly since the market is substantially overvalued so take this as an especially great opportunity to sell / take profits because there’s much worse to come! , Fed Economists Predict A 15 Year Bear Market For Stocks Aug 23rd, 2011 News (BusinessInsider) — ‘The San Francisco Fed has come out with a research paper connecting the dots between the retiring baby boomers and stock prices. The thinking is that the boomers will divest themselves of stocks as they retire and eat into their savings.…These conclusions are just horrendous! The suggestion is that there is a 15-year bear market in front of us. Multiples will fall by 50%!!…“We do see it as something of a headwind as the economy is attempting to recover.” … These deep thinkers have it completely wrong. They think that the key to having a stronger economy is higher stock prices. So they spend all of their efforts dreaming up ways to keep the S&P ramping up. I think it is the exact other way around. If the economy were to be growing [ you see, that’s the problem in large part – the economy won’t really be growing (huge price increases / inflation for the illusion), among a multitude of other problems ], it is reasonable to assume that stock prices might rise. It is completely false to assume that attempts to jigger stocks higher will lead to a stronger economy [ This is true, but the writer ignores the criminal fraud factor as the raison d’etre for the ‘jiggering’.’ ] , Dow:Gold Ratio and the Secular Bear Market Minyanville Toby Connor ‘ … Stocks.. after.. bear market rally, will roll over and continue down into a final four-year cycle low..Depending on whether or not the Fed tries to fight the cleansing process, or Ben Bernanke tries to stop the bear market with another round of quantitative easing, stocks should either test or breach the March '09 lows. Either way I expect that 2012 will go down as one of the worst years in human history. Certainly in the same category as 1932, if not worse …’ , ‘american technology is horrendous and vastly overrated!’ , Famed economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50% unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com , Accounting Gimmics Resurface as Growth Flounders at TheStreet ‘Rebekah Smith, director of financial advisory services at accounting and consulting firm GBQ consulting, says accounting tricks and schemes are likely to start unraveling as we head into 2012 and the lag effect catches up. "The typical accounting fraud goes on for about 18 to 26 months before it is uncovered. The frauds that took place in 2009 are not going to surface until later in 2011 or into 2012." ‘ , Morgan Stanley Biggest Welfare Recipient as Federal Reserve Lent Banks $1.2 Trillion During Financial Crisis Wall St. Cheat Sheet , Social Security disability on verge of insolvency , Welcome To The New Bear Market For Stocks Forbes / Suttmeier , Dow/Gold Ratio Lowest Since 1987 Crash Forbes / Adrian Ash , Ignore Buffett's Advice, Don't Buy Stocks Forbes / Dohmen , The "Crimes" That Wrecked The Markets Forbes / Lenzner , Tech Leading Market Lower The Wall Street Journal , Banks closed in Fla, Ga, Ill; 2011 total is 68 , No Recession Coming ... It's Already Here Minyanville's T3 Daily Recap: Market Gives Back Weekend Gains Amid US Bank Woes at Minyanville’ ,Previous:8-18-11 Stocks rally off lows to suck suckers in and keep suckers sucked in on bad news (Jobless Claims, Inflation Rise More Than Expected CNBC) , fraud ( SEC destroyed documents, senator says Crimes Wrecked The Markets ), and b***s*** alone! MKM Bracing For SPY To Drop 8% More; Nasdaq Nearing August Lows Barrons.com, WHY NEW LOWS ARE LIKELY Maierhofer, Is It 2008 Again? Looking at the Summer Crash of 2011 Gayed ‘A real bear market has begun …’ , Abandon Ship?[The USS Titanic] Yes, Because of These 5 Bearish Icebergs ... McGill , There's A Recession Coming According To The Data at Forbes , HP, Dell hammered as tech-spending outlook darkens JDSU, NetApp, disappointing figures, shares hit hard in after-hours trade Dell braces investors for a bumpy road Dell makes a case on why it can better weather an upcoming storm , S&P says sell Google's shares after Motorola deal , STOCKS FALL AFTER FLOOD OF BAD NEWS: Here's What You Need To Know Joe Weisenthal , Stocks Slip On Concern Over Europe's Debt, U.S. Data , Watch Out: 2011 Looks A Lot Like The Market Top In 2007 Sean Hanlon Take A Lesson From 2007 And Sell Stocks Now at Forbes, [video] Trader: We Could Test 1120 Lows at TheStreet.com In a Downtrend, Sell a Rally (Daily FX) Latest: Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. ) Five Reason Stocks Are Crashing, Tips to Prepare for Meltdown (Moneynews) Unthinkable Poised to Happen on Wall Street. See Disturbing Charts. (Newsmax.com) US Recession Is Guaranteed: Expert CNBC.com So what’s changed of significance (other than previous full moon and consequent effects on the lunatic wall street frauds) Nothing! Absolutely nothing, yet a manipulated computer-programmed ( high frequency trading bots ) churn-and-earn suckers’ rally based on desperation, fraud and b***s*** alone (ie., backward looking, ‘revisions’, faked data, etc.) to keep suckers suckered, which makes for an especially great opportunity to sell / take profits since there’s much, much worse to come! Regulators close 64th U.S. bank this year , U.S. consumer sentiment grim but retail sales jump with gasoline prices up , [$$] 'Junk' Bonds Point to Recession , Stock Market Parallels to 2000 and 2008 Should Not Be Ignored , How Low Will Stocks Go? ‘ Michael Kahn, who writes the Getting Technical column for Barrons.com and the QuickTakes Pro blog, has long argued we’re in a secular (long-term) bear market, and he thinks the cyclical bull is over, too. Like Arbeter, he sees 1,010 to 1,050 as the next level of support for the S&P, and below that 930.’ 50% unemployment & 90% Dow crash also predicted. Newsmax Tech up? Is this some kind of a joke? Absolute confirmation of dire prospects worldwide since american tech is horrendous. (Newsmax.com) ‘Robert Wiedemer’s new book, “Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown,” quickly is becoming the survival guide for the 21st century. And Newsmax’s eye-opening Aftershock Survival Summit video, with exclusive interviews and prophetic predictions, already has affected millions around the world — but not without ruffling a few feathers. [ The instant video on the economic / financial collapse from Stansberry and Associates is so well researched and succinctly presented that I’ve archived same on my website; also, because the facts and views presented comport with the facts and views I’ve presented on my site which I believe to be correct. This is a must-view, must-see that I strongly recommend!
The complete url: http://www.albertpeia.com/stansberrysinvestmentadvisory.flv http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 Written text of presentation (without pictures / charts)] [A lot of pre-election year obfuscation, manipulation but the debacle is already here: Harry Dent, Jr. Economy will be in a Depression by 2011
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest.
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). Dow 1000? Robert Prechter Thinks So Prechter Reiterrates Call For Dow 1,000, Even As Surging Gold And Plunging Dollar Leave Much Credibility To Be Desired Bulls Go to Extremes: Don't Buy the "Breakout", Sell It, Prechter Says Russell: This Is One Of The Largest Tops In Stock Market History My old friend, Bob Prechter, is talking about Dow 400. I used to think this was an absurd joke. I no longer think it’s a joke. The ultimate result will be a primary bear market shocking in duration and extent. …’ Forecasts from Dent, Napier, and then Prechter: Depression is Imminent The Dow Jones Industrial Average will go down to at least 1000, most likely to below 777 which was the starting point of its mania back in August 1982, and quite likely drop below 400 at one or more times during the bear market. [ 8 More Reasons Why You Should Be Deeply Concerned That The U.S. Government Has Lost Its AAA Credit Rating The Economic Collapse ‘… #8 The U.S. national debt continues to get worse by the day.  Just check out what economics professor Laurence J. Kotlikoff recently told NPR….“If you add up all the promises that have been made for spending obligations, including defense expenditures, and you subtract all the taxes that we expect to collect, the difference is $211 trillion. That’s the fiscal gap” ..’ Why You Shouldn't Buy Into This Plunge Forbes/O'Neil‘The market is building momentum to the downside’.] Russell Napier is the author of the book “Anatomy of the Bear”, a professor at the Edinburgh Business School and a consultant to CLSA Ltd. which is one of the top research houses in Asia. Napier’s research indicates (and I paraphrase) that: The S&P 500 will Decline to 400 by 2014 (the Dow 30 to 3800) The S&P 500 will then undergo a major crash that will see U.S. equity prices bottom at almost 50% below current levels (i.e. to 400 or less; the Dow 30 to 3800 or less) sometime around 2014 as Tobin’s “q” drops to 0.3 signaling the end of the bear market, as it has done at the end of the four largest U.S. market declines in 1921, 1932, 1949 and 1982. U.S. Treasury Sales Collapse Leading to End of U.S. Dollar as Reserve Currency Robert R. Prechter Jr. is author of a number of newsletters and books including “Elliott Wave Principle” (1978) in which he predicted the super bull market of the 1980s; “At the Crest of the Tidal Wave – A Forecast of the Great Bear Market” (1995) in which he predicted a slow motion economic earthquake, brought about by a great asset mania, that would register 11 on the financial Richter scale causing a collapse of historic proportions; and “Conquer the Crash: You can Survive and Prosper in a Deflationary Depression” (2002) in which he described the economic cataclysm that we are just beginning to experience and advised how to position one’s self financially during that period of time. Depression is Imminent The Dow Jones Industrial Average will go down to at least 1000, most likely to below 777 which was the starting point of its mania back in August 1982, and quite likely drop below 400 at one or more times during the bear market. Watch for fake gov’t data / reports owing to political desperation! This an especially great opportunity to sell / take profits, particularly if you missed Tuesday or May, since there’s much, much worse to come! Thursday, Aug.11, 2011: what changed from yesterday which warranted a more than 500 point plunge with paper stocks still over-valued? Well, some bad news labeled as better than expected 1) 7,000 fewer jobless claims than expected (just a little over 1% better even if you believe them – I don’t) 2) Cisco shows results ‘better than expected’ 3) Record monthly trade deficit [ What Recovery? Forbes ‘we can’t call this a recovery. There’s no reason to celebrate when a job report was better than expected. Why? Because the expectation was abysmal to begin with.’ ‘Cisco Systems Inc’s quarterly results edged past Wall Street’s scaled-back expectations ...“They beat a low bar. A lot of it is coming from cost cutting, which we anticipated. In that sense it’s a relief,” Joanna Makris of Mizuho Securities USA told Reuters. ‘Cisco, which depends on government spending for about a fifth of its revenue, said in July it would cut 15 percent of its workforce and sell a set-top box factory in Mexico.. Cisco bulls may underestimate tough road ahead Randewich.’ ] Tuesday, Aug.9,2011: what changed from yesterday which warranted a more than 600 point plunge with paper stocks still over-valued and a 545 bounce off of afternoon lows? Nothing! Absolutely nothing, yet a manipulated computer-programmed churn-and-earn suckers’ rally based on fraud and b***s*** alone to keep suckers suckered, which makes for AN ESPECIALLY GREAT OPPORTUNITY TO SELL / TAKE PROFITS SINCE THERE’S MUCH, MUCH WORSE TO COME! [ Is this some parallel universe where unfounded criticism is levied at S&P for the downgrade when they’ve actually cut the pervasively corrupt, defacto bankrupt disunited states a break by not rating what america truly is; viz., junk status for the paper / liabilities / obligations that cannot and will not be paid (or the equivalent vis-à-vis what would be in worse than evermore worthless Weimar dollars or some other ‘ponzi-like’ subterfuge, obfuscation). The amounts are insurmountable going forward. They point to Moody’s and Fitch; yet, let’s not kid ourselves, S&P is the ‘800 pound gorilla’ in this world among rating agencies and moody’s, fitch have substantially diminished themselves as entities consistent with their ‘mission and purpose’ and as well, their credibility. I mean, come on! Consider the pressure that was and continues to be applied. Moody’s and fitch, quite frankly, folded. China’s rating agency has already downgraded u.s. paper and they’re ‘holding’ (huge amounts of that u.s. junk); and hence, against their own interest. Wake up! Wall Street closes worst week since '08 with wild day NEW YORK (Reuters) S&P on U.S. downgrade: Debt pact 'falls short' - Reuters S&P downgrades US credit rating from AAA S&P Shocks the U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat Sheet What Recovery? Forbes  ‘…we can’t call this a recovery. There’s no reason to celebrate when a job report was better than expected. Why? Because the expectation was abysmal to begin with. And while we’re at it, we can’t ignore increasing sovereign debt problems in Europe…’ ‘Top 3 Reasons Markets Erased the Year’s Gains Wall St. Cheat Sheet 1) Japan and Europe 2) Unemployment.3) Capital goods - billions of dollars in lost revenue. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events that warns of phase II of the global crisis… My work shows that “the new recession has started.”… Over the past 33 years, we have called the start of every recession, often on the exact month, or within one month, of the official start as determined one year later by the official arbiter of recession, the National Bureau of Economic Research (NBER)… However, inflation is far understated for political reasons. Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation, according to free market economists who calculate inflation as it was done in 1980 before the politician re-engineered it, is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’FLASHBACK HERE: Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart‘ previous‘…1) Job cuts. 2 ) ISM service-sector report. Monday’s ISM manufacturing report contributed to market losses on Monday, but today’s report, though equally negative, didn’t quite have the same effect as markets began to level out this afternoon. The ISM service-sector index declined to 52.7% in July. The U.S. service sector accounts for three-fourths of all economic activity, and employs four out of every five U.S. workers , so a 0.5% decline speaks volumes about the state of economic recovery…’ Factory orders for June fell by 0.8% (just because they say the bad news isn’t as bad as expected does not make such bad news ‘rally material’. Indeed, the huge ralleys based on now revised downward data never seem to retrace that fake data induced stock surge based thereon. Service sector growth slowest since 2010 Moody's sets negative outlook on BNY, JPMorgan S&P ends string of losses on tech rebound Tech rebound? Is this some kind of a joke? Tech up today? Absolute confirmation of dire prospects worldwide since american tech is horrendous. Yet, sizzling ‘child’s play’ is the order of the day and credit still must be given to those [ie., Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc for word processing / data based records / forms / templates / data which I interfaced with an electric typewriter for letter quality)] who could (as he) identify such novelties as the biggest over-priced / over-valued sensations since the hoola hoop (hoopla hoops - which were pretty cheap and with some minor health benefits to boot).Take this run-up as a gift based on fraudulent wall street b***s*** alone and take this opportunity to sell / take profits / ‘sell today if you missed in may and then go away’! Nothing has been solved; maybe forestalled. Rout spells trouble for Wall Street / Moody's confirms U.S. rating at Aaa, outlook negative / Chinese rating agency cuts U.S. debt again / Minyanville's T3 Daily Recap: Signed Debt Deal No Cure for Sickly Market / US auto industry uneasy after weak July sales / Fitch Unimpressed By Debt Deal, GDP; Markets Unimpressed By Fitch / US debt deal alone won't sustain AAA rating / Stocks now down for year as economic concerns grow – AP The Daily Market Report Aug 1st, 2011 PG ‘Relief? What Relief? http://www.usagold.com/cpmforum …Late last night when party leaders and the President announced that they had reached a bipartisan deal that would allow the debt ceiling to be raised, gold dropped about 1%. Global stocks rallied in relief and briefly, ever so briefly, gold was out of favor…CBO scores the package as accomplishing $2.1 trillion in spending cuts over the next 10-years, the CBO baseline also has the deficit rising $6.7 trillion over the same period. The premise apparently being that we’re working our way to actual cutting by cutting to slow the pace of the nation’s proliferate spending. In actuality — and as evidenced below — that CBO baseline may prove to be way too optimistic. What really lit an intraday fire under gold today was the big miss on US July ISM, which plunged to 50.9. The market was expecting a modest downtick to 55.0 from 55.3 in June…’ The Truth About The Debt Deal: It’s Pretty Much Meaningless Business Insider/ Come on! Who believes their pre-election year data, reports, b***s***? There’s desperation in the air and like never before! One commentator, Peter Shiff, to Frank Motek of 1070am Bus.Report references the sham in Washington; and regardless, points to default by way of inflation, further stating that the debt ceiling’s already been breached by borrowing. Moreover, he additionally states that default is inevitable by way of inflation; that the fed will be buying the evermore worthless american paper (bonds) and creating/printing evermore worthless american dollars; that there’s been a quid pro quo with at least one of the 3 (S&P, Moody’s, Fitch) federal licensed rating agencies, viz., of reaffirming the u.s. AAA rating in return for no prosecution surrounding their role in the S&P AAA rated worthless (fraudulent, mortgage-backed, derivative) paper securities (fraud) giving rise to the previous leg of this continuing, ongoing debacle / crisis. He finally goes on to recommend non-u.s., non-dollar denominated assets, precious metals, and alternate currencies. Initial unemployment claims rise to 418000 - Jul. 21, 2011 which bad news sparked wall street rally … what total b***s***. No budget deal, celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking earnings results … riiiiight! Watch Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon / Deficits And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in entitlement programs the US is actually in worse financial shape than Greece and other debt-laden European countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total federal spending in 2010 amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while other estimates exceed $100 trillion (these amounts are insurmountable) …’ Huge suckers’ rally to keep the suckers suckered in this market based upon backward looking data discounted multiple times to the upside (including the apple numbers as recently as last week on ‘leaked’ expectations of ‘better than expected’, etc.), taxpayer funded QE results, and b***s*** alone. This is an especially great opportunity to sell / take profits since there’s much, much worse to come! IT'S GOING TO HURT 'FOR LONG TIME TO COME' [ Says tiny tim geithner … thanks for the heads up tiny tim ‘God bless us everyone’! … As if we didn’t already know it / feel it! Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ]

A Decade of Decline in Equity Markets Faisal Humayun [ This is a must read and explains how the market’s been artificially propped, the dow relative to hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was trading at 11,357 levels at the beginning of the year 2000. More than a decade later (as of beginning July 2011), the index is at 12582. Therefore, the index has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining) debasement rate was 31%. (-31%) {See the inflation calculator infra – and that’s just the government (inflation) numbers … reality is much worse!} Meanwhile, the frauds on wall street are churnin’ and earnin’ like never before at lightning computerized speeds enabling the high-frequency trades that are commissioned in unprecedented large volumes; a big net negative in real economic terms.] While Washington Fiddled The Economy Burned at Forbes [ Oh come on! Let’s get real here! The economy was already burning (see infra), Washington notwithstanding! Indeed, the frauds on wall street with those contraindicated paper stock computer programmed commissioned churn-and-earn rallies would love for you to think it’s Washington only {that aw shucks, coulda’ been clear sailin’ otherwise moment; but the reality is that things are far more dire financially and economically than their window-dressed scams would indicate, though washington’s no help, incompetent, unknowledgeable, and ineffectual as they are (although fraudulent wall street, aside from their consummate scammin’, is little better and probably overly relied upon and light in those very areas one would expect to find profiency; viz., finance and economics.) Most importantly, realize that if wobama’s actions had not belied his words/campaign promises, the nation’s position, though still ominous, would have been substantially improved.} ] Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm

Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif

Beneath the Market’s Swings, Some Real Cause for Worry News Jeff Cox August 11 (CNBC) — ‘So whether this equals, falls short of, or exceeds the financial crisis of 2008 hardly seems to matter—investors are afraid, very afraid, and the question as much as anything in the minds of many market pros will be what soothes that fear. Analyst Dick Bove at Rochdale Securities says he knows why: More restrictive capital requirements and near-zero interest rates set at the Federal Reserve [cnbc explains] that make lending neither easy nor lucrative, a trend that will make it difficult for the economy to grow. “If one thinks through these limitations it can be seen that banks must shrink their balance sheets and change their business patterns to maintain their profits. What they are unlikely to do is to expand their lending activities in order to grow the economy,” Bove wrote in a lengthy banking analysis Thursday.“However, the Federal Reserve is suggesting that the economy is unlikely to grow,” he wrote. “If the Fed is prescient, then banks are facing higher loan losses, lower loan volume, and reduced margins on a wide array of banking products. The outlook is not appealing.”“Even though the United States is able to both print and borrow money, it is as bankrupt as the Europeans,” Bove wrote. “Covering deficits and paying debt with borrowed funds, some of which is newly printed, does not constitute meeting debt service requirements.”…’

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Previous, full moon and fraudulent wall street, get this, rallies on not as bad as expected EU stress tests and better than expected google results but forget the dire consumer (recession level) consumer sentiment number ‘cause after all, consumer spending just a paltry 70% of GDP. Think about this: short-lived Pavlov dog rally (the conditioned stimulus) on hopes for more welfare for wall street and some good results in communist China. This despite the previous failure of QE for everyone but the frauds on wall street and ultimately, though circumlocuted, at great taxpayer expense. Titans of capitalism? How ‘bout the biggest unprosecuted frauds in the world. Preposterous! Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) … I want just one person with courage enough to stand up and explain to all that these huge commissionable computerized trading volumes like never before are a net negative in a very big way … that’s a fact … that’s economic reality in real terms! … Trade deficit up, growth predictions by fed scaled down [ do you recall how many upside market points for the false, more positive growth projections by the ‘no-recession’ fed, then there’s also the costly, hyperinflationary failed QE hopes, more fed jawboning rallies the frauds on wall street off their lows to keep suckers suckered – they all belong in jail! Housing Woes to Cause Recession in 2012, Says Gary Shilling - Peter Gorenstein STOCKS BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business Insider Weisenthal Economic scenario far worse than expected (and in this pre-election year the reality is still far worse than reported), yet stocks still rallied off lows to keep suckers sucked in to this fraudulent market Click here to see the new scariest jobs chart ever http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12 charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Previous:Stocks rally on jersey-based, former Lautenberg ADP still paltry, better than expected 157,000 private jobs number and one’s got to wonder ‘who got paid’, one way or another, for the fudge. Then there’s the horrific ‘american tech’. Retail? The defacto bankrupt government’s probably buying with money they don’t have, at best; and, as with other data in these desperate pre-election-year times, plain false, falsified, fudged, spun. Previous day, all bad news … from eurozone (protugal, et als), to asia zone (china worse than expected), to america (where to begin, from defacto bankruptcy, to debased currency, to insurmountable debt / dervice, to pervasive corruption, etc.) … stocks rally on fraud and b***s*** alone. Previous, higher oil price rally, along with Netflix ‘technology rally’ … Don’t make me laugh! … Total desperation on wall street and in Washington … How pathetic! … Jobless claims at 428,000 much worse than expected; and, don’t forget, these are desperate ‘pre-election times’ when regardless of factual reality (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt chicago ISM is up as even their youth gangs are showing increased criminal activity which probably accounts for the rise; ie., meth, crack labs, etc.?) data / reports are fudged / faked / spun. Foreclosure, distressed sales up, at least on paper with contracts signed, so no surprise nor reason to cheer here, as markets worldwide jump on the american crazy train for a short-lived bounce as all problems remain. This is the same month end (and quarter, half) spurt / window dressing based on b***s*** alone to keep the suckers suckered and an especially great time to sell / take profits since there’s much worse to come! Talk about milking the greek crisis for the umpteenth time a so-called solution (and there are loads of greecy scenarios worldwide … I don’t think so and neither does Schaeffer who says: ‘…even once such a package is passed it only buys time. Actually fixing the fiscal condition of Greece is not something that can be solved in a matter of weeks, or even months…‘ but it’s great press for the churn and earn and to keep the suckers suckered. Technology rally? Defacto bankrupt american technology is horrendous but great sizzle for the new fraud as in the dotcom bust days. Then there’s the greasy b.s. new greecy b.s. factor. The rally into the close and the previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the suckers suckered and for ‘smarter money ‘ along with the frauds to sell into. This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart. Wall Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday  with a startling market prognostication from David Brooks, conservative columnist for the NY Times. The risk of a debt default over the combustible issue of the Medicare deficit hangs over the course of the stock market. Buyers Beware!“I was up in Wall Street  this week,” Brooks said. “They’re vastly underestimating the source of piolitical risk here. We could have a major problem, I think, either this summer or the next couple years. And I’d be worried about investing too much in the market. That’s my financial advice.”…’ Another Financial Crisis Is On The Way, Mobius Says Market Crash 6/30/11?Technical indicators suggest market collapse may begin by June 30th Dennis Slothower is one of the world’s leading technical analysts. He’s one of the few advisors whose readers completely avoided ALL losses during the disaster that was 2008. And now he’s issuing another dire warning. His technical indicators suggest that the market manipulation we’ve seen over the last several months is about to come to an end…and that means thousands of investors are about to get clobbered. This correction could begin as soon as June 30th– so it’s important that you take action now to prepare yourself. StealthStocksOnline.com STOCKS HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009 Study: Affordable rentals scarce (WP) Poll: For Obama, low marks on Afghan war (WP) Fuel prices cut into Obama popularity (WP) They’ve used the contrived mideast turmoil and their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell

Take A Lesson From 2007 And Sell Stocks Now at Forbes, Sean Hanlon ‘August has given new meaning to “the dog days of summer” as the broad equity market has retracted all year-to-date gains and dropped into negative territory, all within the first couple weeks.

As written in my previous Market Commentary on July 20, our research uncovered potentially dangerous activity in the equity markets that could lead to a break and high volatility.  We presented this in that Market Commentary by the chart in Figure 1 below.  Using our proprietary research methodologies, we elected to make a major “tactical” move on June 17.

That move reduced all equity and high-yield bond exposure, creating 50% cash or cash equivalent allocations across all portfolios. This defensive move was shown to be prudent as volatility erupted and considerable downside was experienced in equity markets in the first week of August, as shown in Figure 2.

Figure 1 (click image to enlarge.)

http://blogs-images.forbes.com/advisor/files/2011/08/11.jpg

With this heightened volatility, we were observant that this market behavior was eerily similar to market conditions in 2007. To elaborate on this point, let’s compare the S&P 500 Index for 2007 vs. the first seven months of 2011.  As you can see below in Figure 2, 2007 experienced high volatility yet remained range-bound in an upward trend (represented by the overlaid black bands).

Figure 2 (click image to enlarge.)

http://blogs-images.forbes.com/advisor/files/2011/08/2.jpg

The first half of 2011 maintained a range-bound upward trend until finally breaking sharply to the downside in the first week of August.

Of course now everyone wants to know what happens next?  Our research has no special predictive power of what may happen now that the “trend” has been broken. Instead, what our research is telling us is to remain extremely cautious at this time.  We have since moved client portfolios to almost 100% money markets and/or cash equivalents in all accounts.  We do maintain some high quality bond positions.

You may think “But I can’t make any money in money markets, they pay nothing these days!”  True enough, but there are many times in one’s investing lifetime where the best investment is to simply maintain principal.  That principal amount will be able to potentially purchase more in the not too distant future.

A simple example is stocks.  On April 29 of this year, $1,340 purchased the equivalent of one S&P 500 Index share.  Today, to own those same companies that make up the S&P 500 Index, the cost is below $1,200, yet the same amount of dividends is being received.  In this period preserving principal has resulted in increased “investment” purchasing power, income and potentially increased return.

Related article: Watch Out: 2011 Looks A Lot Like The Market Top In 2007 ‘

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Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

Guest Post: Counterfeit Money, Counterfeit Policy Durden on 01/31/2012 Counterfeiting is illegal because it is the false creation of value. The counterfeiter takes low-value paper and turns it into high-value money, which is fundamentally a claim on the real productive value of the economy that issues the currency and recognizes it as a proxy means of exchanging that productive value. Counterfeiting is illegal because the counterfeiter creates no additional value--he creates only the proxy for value. Creating real value--adding meaningful goods or services to the economy--is tedious, hard work. How much easier to simply transform near-worthless paper into a claim on actual goods and services.  If this is illegal, then would somebody please arrest the Board of the Federal Reserve for counterfeiting? The Fed has blatantly printed money without creating any real value to back up their added claims on productive value. Hence they are counterfeiting, pure and simple. A government based on rule of law would arrest these fraudsters and cons at the earliest possible convenience.

The Markets Since Their 2000 Highs: We're Not Bouncing Back http://www.bullfax.com/?q=node-markets-their-2000-highs-were-not-bouncing-back ... [ Actually the picture is even worse if the real inflation rate used. Wall street is total fraud and b***s***! Keep in mind, in addition to loss of principal, the flux / worry takes its toll on health as well as productivity. ] 02/02/2012 By Doug Short: ‘The January Effect in 2012 was quite strong, and the U.S. markets have continued the rally that began last October. But let's take a step back and review the performance of the major US indexes in the 21st century through the end of January 2012. Here is an update in response to a standing request from David England, a professor who has developed a popular college level stock market classes at John A. Logan College in Carterville, Illinois. David is also the founder of thetraderseye.com. In his upcoming presentations, he wants to disprove the standard message of Wall Street, "Don't worry! The market will always come back." I furnished David with some charts, and I shared them with regular visitors to my Advisor Perspectives pages. Specifically, David had asked for real (inflation-adjusted) charts of the S&P 500, Dow 30, and Nasdaq Composite. So I created two overlays — one with Complete Story » [ The following are important charts from Doug Short:

http://albertpeia.com/3real1.png

http://albertpeia.com/3real2.png

http://albertpeia.com/3real3.png

http://albertpeia.com/3real4.png

I Can’t Take It Anymore! When Will The Government Quit Putting Out Fraudulent Employment Statistics? http://theeconomiccollapseblog.com http://albertpeia.com/governmentfraudulentemploymentstats.htm

The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm

News Flash: The Rally Is Over…For Now The Wall Street Journal ‘..That’s enough of a pullback for Mr. Arbeter to call a near-term top. He sees the S&P 500 tumbling into the 1290 to 1320 range by early March, with tech stocks as the ”most overbought and vulnerable to some profit taking.”..’This Is What An Economic Depression Looks Like In The 21st Century http://theeconomiccollapseblog.com http://albertpeia.com/21centurydepressiongreecedusup.htm

9-19-12

America’s Coming Depression Posted by : Bruce Krasting Post date: 06/17/2012 - 09:27 Happy Father's Day!

Massive Wealth Destruction To Arrive This Year http://albertpeia.com/massivewealthdestruction2012.htm

19 Reasons Why It Is Time To Start Freaking Out About The Global Economy

http://albertpeia.com/19reasonstofreakoutaboutglobaleconomy.htm

The Mancession: 16 Signs That This Economic Decline Is Sucking The Life Out Of The American Male

http://albertpeia.com/16signseconomicdeclinesuckinglifeoutofamericanmale.htm

AMERICA’S FAILED ECONOMIC APPROACH IN A NUTSHELL (image courtesy of Dave Fry http://etfdigest.com ) :

http://albertpeia.com/insanity.jpg

Well done, Dave!

Will Toledo, Ohio Be The First Major American City To Be Owned By China?

http://albertpeia.com/holytoledo.htm

Dave’s Daily: http://www.etfdigest.com http://etfdigest.com/commentary.html BANKS RALLY ON DOWNGRADES 6-22-12 It would appear the rating agencies are either “leading from behind” or just don’t have much respect these days after they botched the mortgage crisis { As an aside, I thought Rodney Dangerfield was absolutely hilarious in that great comedy classic, ‘Caddyshack’ and I’m glad Dave used his image here http://albertpeia.com/dangerfieldindeed.jpg }.

Forget the PIIGS, Europe As a Whole Is Insolvent

http://albertpeia.com/europeinsolvent.htm

Too Much Debt: Our Biggest Economic Problem

http://albertpeia.com/toomuchdebt.htm

22 Statistics That Prove That The American Dream Is Being Systematically Destroyed

http://endoftheamericandream.com

http://albertpeia.com/americandreamdestroyed.htm

Where Does Money Come From? The Giant Federal Reserve Scam That Most Americans Do Not Understand

http://albertpeia.com/federalreservescam.htm

Watching the Clock: Total Economic Collapse Occur in September – October SGT | Everyone is wondering when the big day will finally hit, and the clues may be hidden in plain sight. http://albertpeia.com/totaleconomiccollapseseptoct.htm

The EU Has Already Broken Up… They Just Haven’t Formalized Yet

June 27, 2012 By gpc1981 http://albertpeia.com/eualreadybrokenup.htm

GOP: Ruling will hurt swing-state Dems in November { This may seem somewhat counterintuitive and a bit of a rationalization; but, it is absolutely true. So true in fact, that wobama will come to be compared to Pyrrhus of Ephyrus (W. Greece) since realization of what this legislation won’t do for americans and the economy and what it actually does will not have the galvanizing effect that striking the bill down would have had on voters who were thinking ‘another free lunch from the government’ will save them (we all now know better, no such thing). Yes, in somewhat European tradition, defacto bankrupt america is keeping up with the (ie., rating agencies Egan) Joneses. After all, we all know how well this European program model is working out for Europe (and any other nation that’s tried it). In the final analysis, this and such programs as the contraindicated bailouts for the unprosecuted frauds on wall street, etc., will prove to be the ‘camel-back breaking’ moment for america; and, a pyrrhic victory for the egregiously failed president wobama. America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … }

Jaw-dropping switch saves 'Obamacare' ‘In his White House memoir, “Courage and Consequence,” Karl Rove recalls being the lone non-lawyer among the group of George W. Bush aides who initially interviewed John Roberts for the Supreme Court in 2005. Rove asked Roberts to go back in history to name the justice whom he most revered. Roberts’ answer, Robert Jackson, intrigued and reassured Rove. When appointed in 1941, Jackson was serving as Franklin Roosevelt’s attorney general and had been expected to be a pro-New Deal rubber-stamp on the court…’ { I’d say that, like wobama, Roberts on an attention-starved court of meaningfully lawless rules in a meaningfully lawless nation was just looking for a legacy to hang a hat on! So, while we’re all getting ‘greeked’, let’s get really greecey and immerse ourselves in greek lore and in potus and scotus being the modern day equivalents of scylla and charybdis. }

17 Reasons To Be EXTREMELY Concerned About The Second Half Of 2012

http://17reasonssecondhalfworse.htm

15 Reasons Why The Obamacare Decision Is A Mind Blowing Disaster For America

http://albertpeia.com/15reasonsobamacareisadisaster.htm

If You Are Basing Your Investment Decisions on This, You Might Want to Rethink Things June 28, 2012 By gpc1981 http://albertpeia.com/hopiumover.htm

Europe Will See Deep Depression, Schoenberger Says

The Great Crash Ahead with Author Harry Dent

The Biggest Financial Scandal In History?

http://albertpeia.com/anotherbiggestfinancialscandal.htm

Is Wal-Mart Destroying America? 20 Facts About Wal-Mart That Will Absolutely Shock You

http://albertpeia.com/20factsaboutwalmart.htm

{ All I can say now is that in very ‘unamerican fashion’, my latest infrequent Walmart transaction was absolutely flawless in price, quality, and execution. I’m still ‘numb’ from the very ‘unamerican experience’! This article is included as a matter of first amendment principle! }

70 Reasons To Mourn For America

http://albertpeia.com/70reasonstomournforamerica.htm

White House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined in his futile attempt to obfuscate his unequivocal failure. }

http://albertpeia.com/10waysobamakillingjobsinamerica.htm

Obama administration repeats same jobs line — for the 30th month

There Will Never Be Enough Jobs In America Again

http://albertpeia.com/neverenoughjobsinamericaagain.htm

The Beatings Will Continue Until Morale Improves: 10 Ways That Obama Is Killing Jobs In America

http://albertpeia.com/10waysobamakillingjobsinamerica.htm

http://albertpeia.com/archives.htm

25 Signs The Collapse Of America Is Speeding Up As Society Rots From The Inside Out
http://albertpeia.com/25signsacceleratedamericancollapseandrotwithin.htm

14 Incredibly Creepy Surveillance Technologies That Big Brother Will Be Using To Spy On You

http://albertpeia.com/14creepygovernmenttechnologiestospyonyou.htm

The US is Entering a Recession In the Worst State in the Post WWII Period… Right As the Fed Realizes It’s Out of Ammo
http://albertpeia.com/usenteringrecessionworstinpostww2.htm

Formal complaint seeks disbarment of Eric Holder in DC

Daily Caller | Attorney General Eric Holder could lose his license to practice law in the District of Columbia.

The EU in Recession, the US is Entering a Recession and China is Lying About Its Growth

http://albertpeia.com/euinrecessionusrecessionchinachinakissmyhina.htm

The Corn Is Dying All Over America

http://albertpeia.com/corndyingoveramerica.htm

19 Warnings About A Coming Global Financial Catastrophe

http://albertpeia.com/19warningsofglobalcatastrophe.htm

Four Reasons To Be Even Less Optimistic About The Global Financial System Than You Were Last Month

http://albertpeia.com/4reasonsforlessoptimism.htm

27 Things That Every American Should Know About The National Debt

http://albertpeia.com/27thingsamericansshouldknowaboutnationaldebt.htm

These 12 Hellholes Are Examples Of What The Rest Of America Will Look Like Soon

http://albertpeia.com/12hellholesvisionofamericasfuture.htm

Sorry Bulls, The Fed Will Not Engage in More QE.

Http://albertpeia.com/nomoreqe.htm

The Federal Reserve Is Not Going To Save Us From The Great Depression That Is Coming

http://albertpeia.com/fedcantwontsaveusfromgreatdepression.htm

The New Depression: The Breakdown of the Paper Money Economy

The End of the Bernanke Put is Here

http://albertpeia.com/endofbernankeput.htm

11 International Agreements That Are Nails In The Coffin Of The Petrodollar

http://albertpeia.com/endofpetrodollar.htm

I (Graham Summers) Said Germany Would Leave the Euro… Well, Germans Are Already Using Deutschemarks Again!

http://albertpeia.com/germanywillleaveeuro.htm

National Security Threat: Obama’s Birth Certificate Proven Fraudulent

Paul Joseph Watson | One of the biggest cover-ups in U.S. political history. http://albertpeia.com/obamasfraudulentbirthcertificate.htm

Romney camp: Obama taking Bain donations 'height of hypocrisy'

Why Are So Many Bad Things Happening To America?

http://albertpeia.com/americacursed.htm

12 Signs That The Next Recession In The United States Has Already Begun

http://albertpeia.com/12signsusrecessionhasbegun.htm

20 Signs That All Point To The Exact Same Thing - Can You Guess What That Is?

http://albertpeia.com/20signspointtoeconomiccrisiscollapse.htm

Dave’s Daily: http://www.etfdigest.com BAD DATA IGNORED IN FAVOR OF TECH 7-19-12 { Tech? Palease, don’t make me laugh! This ‘bad news is good’ scenario based upon hopes for contraindicated, egregiously failed QE for the benefit of the frauds on wall street only to the detriment of everyone else with such hopium rallying stocks has gone beyond the point of ridiculous. It’s really rather pathetic, these so-called wall street mavens/titans of capitalism, the largest of which remain unprosecuted for their huge, lucrative, debilitating frauds wanting/expecting even more on the public dole. They’ve even gotten to the point where their computers are selling to themselves for the ‘churn and earn’ along with the algo-driven contraindicated moves up. The markets are totally cooked! Dave as always is spot-on the case! }

The Price Of Corn Hits A Record High As A Global Food Crisis Looms

http://albertpeia.com/globalfoodcrisis.htm

David Rosenberg On A Modern Day Depression Vs Dow…0

Dave’s Daily: http://www.etfdigest.com http://albertpeia.com/stockmarketreplay.htm ‘2010-11 STOCK MARKET REPLAY 7-23-12

Why We’re Called Phoenix Capital Research

July 23, 2012 By gpc1981 http://albertpeia.com/europesystemiccollapse.htm …

After that will come Japan, then finally the US. By the time the smoke clears, we will have seen systemic collapse.

This will mean:

1)   Many major banks disappearing, as well as numerous potentially lengthy bank holidays (think Argentina in 2001)

2)   Multiple sovereign defaults as well as broad economic contractions and their commensurate unemployment/ civil unrest/ erasure of retirement accounts/ pensions (this process has already begun in some US municipals, e.g. San Bernandino and Stockton California as well as Harrisburg Pennsylvania).

3)   Possibly new currencies being introduced or new denominations of currencies (say one new unit being worth 1,000 of the old one)

4)   Massive wealth destruction to the tune of tens of trillions of Dollars (think MF Global i.e. the money is gone… only systemically… in fact we just had another such instance with PF)

5)   A global contraction that will result in new political/ power structures being implemented as well as the breakup of various countries/ unions.

6)   Very serious trade wars to begin (see Obama’s recent attack on China) and very possibly a real war.

If the above make you frightened, you’re not alone. As I’ve dug deeper and deeper into the inner workings of the global financial system over the past months, the information I’ve come across has only gotten worse. I’ve been holding off writing all of this because up until roughly April/May it seemed possible that the world might veer towards another outcome.

I no longer view this to be the case. I am almost certain that what I’ve written above will come to pass. I know that much of what I’ve written to you in the past could be labeled as “gloom and doom.” However, I want you to know that I do not use the words “systemic collapse” lightly. Indeed, I wish I wasn’t mentioning them now, but I’d be doing you a disservice not to bring them up because we’re well on our way towards it.

James Holmes Is Not Alone - 20 More Examples Of The Sickos That Are Overrunning America

http://albertpeia.com/americansickos.htm

12 Signs That Spain Is Shifting Gears From Recession To Depression

http://albertpeia.com/12signsspainrecessiontodepression.htm

The New York Times Admits That Virtually Every Major News Organization Allows The News To Be Censored By Government Officials

http://albertpeia.com/nytimessaysallusnewscensoredbygovt.htm

55 Percent Of Americans Believe That The Government Will Take Care Of Them If Disaster Strikes

http://endoftheamericandream.com

http://albertpeia.com/55percentamericansbelievegovernmentwilltakecareofthemindisaster.htm

{ Of course, this is absolutely foolish based upon reality and what we’ve actually witnessed. I’ve found through direct experience you can’t even depend on the government to do what they’re legally required to do as defined by law, so corrupt and incompetent the u.s. government has become: see, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

The Li(e)bor Rigging Scandal Infographic For Dummies

Submitted by Tyler Durden on 07/24/2012 http://albertpeia.com/libor.jpg

What In The World Is Wrong With American Kids?

http://albertpeia.com/nothingthatsaneradultscantcure.htm

{ Riiiiight! It’s them dern kids who comb their hair in that funny way! Dem dern kids who’ve bankrupted the nation and their generation particularly without even asking themselves! Dern kids who’ve watched these ubiquitous wall street frauds churn and earn by way of computerized algo frauds day in, day out among the largest frauds by the largest institutions still unprosecuted but ‘donating’ heavily to the corrupt, incompetent politicos which makes their nation-debilitating crimes seem ‘alright’! Dern kids who’ve kept those real wars rolling for the sake of the military industrial complex as warned against by the great but underrated President General Eisenhower. Dern kids who clamour to be abused by sick, pedophilic adults. Well, one could at best for the sake of this article’s strained credibility/premise say, ‘it’s all in their genes’; which of course leads us ineluctably back to the quintessential question, ‘what’s wrong with american kids?’ and the unequivocal answer, ‘look in the mirror politically correct american adults’! The following article is included as a matter of first amendment principle. As for me, it’s not the kids who are america’s/this world’s problem! }

100 Million Poor People In America And 39 Other Facts About Poverty That Will Blow Your Mind

http://albertpeia.com/100millionpovertystrickenamericans.htm

Down Goes Britain: The UK Economy Tumbles Deep Into Recession

http://albertpeia.com/downgoesbritain.htm

Dave’s Daily: http://www.etfdigest.com SANDY FALLS ON GOLD PLATED SWORD 7-25-12 { Sandy who? Aw geeh … I thought Dave was talking about that other sandy (sandusky of jo pa’s p.s. fame, they worshipped together) who cornholed quite a few himself! } ‘Now that the architect behind the repeal of Glass-Steagall has made off with his hundreds of millions he comes clean and says the entire episode was a mistake { Riiiiight! In the immortal words of Maxwell Smart, ‘’missed it by that much’ }.

Europe Can and Will Cause a Systemic Collapse… Are You Ready?

http://albertpeia.com/europecanandwillcausesystemiccollapse.htm

Guest Post: You Didn’t Build That { http://albertpeia.com/americasnumberonespook.htm }

Dave’s Daily: http://www.etfdigest.com ‘DRAGHI JAWBONES SHORT SQUEEZE 7-26-12

“Words, words, words, I'm so sick of words
I get words all day through
First from him, now from you
Is that all you blighters can do

Sing me no song, read me no rhyme
Don't waste my time, show me
Don't talk of June, don't talk of fall
Don't talk at all, show me
Never do I ever want to hear another word
There isn't one I haven't heard” - Alan Lerner: My Fair Lady

Facebook revenue growth skids, shares plunge

Draghi Just Pulled Out His Bazooka… How Long Before the Crash?

http://albertpeia.com/draghinbsandcrash.htm

The Audit The Fed Bill Gets Passed By The House But Obama And The Democrats Are Going To Kill It

http://albertpeia.com/obamademskillauditfed.htm

Dave’s Daily: http://www.etfdigest.com BULLISH QE ALGOS 7-27-12 ‘It’s difficult to comprehend the tape sometimes, especially when you try to square it with the overall news. The bottom line is bulls have placed their bets that the eurozone will be fixed and weaker U.S. GDP both will be met by a heavy dose of QE. Everything else doesn’t matter. Bulls don’t believe the Germans, despite Bundesbank’s comments to the contrary; will block bond buying by Draghi and the ECB. The key phrase in the linked WSJ article was, “If there is no ECB bond buying next week stocks will collapse”. { AP: What I really can’t fathom is how, why people are so eager to support the churn-and-earn paper fraud on wall street (their computers are literally selling to themselves along with the other programmed algo insanity – helping/facilitating these costly wall street frauds which have not helped but in many ways hurt the real economy – their gain is everyone else’s pain as that money in their pockets must come from some real place; viz., your pockets – there’s no free lunch). Their buying time with b***s*** also facilitates the transfer of their ‘worthless paper hot potatoes’ to ie., taxpayers, governments, etc.. Totally pathetic! We’re way past the ‘fool me twice, shame on me’ stage! They really have to be prosecuted and put in jail where they belong. They’re just not that important and they are a substantial detriment to the real economy and society generally. They have no fear of prosecution and have continued their paper frauds where they left off last crisis, and seek once again to cash out for hard currency, metals with the greater fools holding their worthless paper bag. I used to follow the markets when value/valuation meant something. Now I track them only to discern the ever greater frauds and the ‘political connectivity’ to same. }

17 Reasons Why Those Hoping For A Recession In 2012 Just Got Their Wish

http://albertpeia.com/17reasonsrecessionnow.htm

19 Examples Of How Control Freaks Are Killing America With Their Completely Ridiculous Regulations

http://albertpeia.com/19wayscontrolfreakskillinguswithregs.htm

As Attacks Continue, Chick-fil-A Getting Plenty of Support for its Christian Values

Dave Bohon | Supporters of homosexual marriage, however, have been unable to leave the issue and “agree to disagree.” { I believe the concerted wrongful conduct of the respective cities et als vis-à-vis Chick-Fil-A may well be actionable as a business tort and as well, a violation of constitutionally protected rights of free speech, having a chilling effect thereon, by way of incorporation thereof under the fourteenth amendment of the u.s. constitution, as well as pursuant to the respective state constitutions applicable to the offending cities. }

The Attack On Chick-Fil-A Is An Attack On The Freedom Of Speech Of Every American

http://albertpeia.com/attackonchickfilaattacksfreespeech.htm

{ My own feeling on the subject is live and let live, but that the state has no place in getting ‘behind’ this contraindicated behavior. Look at the subject cities rallying in the name of ‘cornholin’ (For the gay vote? How totally pathetic!). Without exception, they are literally domestic war zones, in decay, decline, and heading as the nation toward fiscal ruin, defacto/outright bankruptcy. They really should be concentrating on things that really matter before foolishly attacking freedom of speech. Previously: EVOLUTION: OBAMA NOW BACKS GAY MARRIAGE… [ Well, with some frolicking documented cocaine/gay sex romping in his past, he’d be hard pressed not to. Interestingly, Clit Eastwood has come out in favor of gay marriage saying he doesn’t give a f**k… good for you Clit; spoken like a true egalitarian. Truth be told, I always liked those spaghetti westerns that put him on the map; his own ‘Pale Rider’, particularly; and of course, the ‘Dirty Harry’ series. Aside from that, I find him/his films boring, shallow, and plebian beyond tears; hardly the philosopher king. Yet, I also don’t give a f**k regarding gays living their lives as they wish, with full constitutional protections consistent with their presumed law-abiding lives, particularly in a world like this, such as it is. But, that doesn’t mean the ‘state’ must get behind (no pun intended) same. There are few if any legal statuses that can’t be achieved through legal document, ie., adoptions, trust beneficiaries, etc.. Marriage, procreation, the province of a man/woman relationship has always been a given. Also interesting was the take on same by reknown Psychiatrist Maslow (his famed, laudable work regarding hierarchy of needs, etc., needs no introduction) who wrote and posited that homosexuality was physically, anatomically contraindicated. Again, let me reiterate a live, let live position while cautioning against the state getting behind (again, no pun) same and potentially giving young, pubescent, impressionable boys the idea that penises were made for male a**holes and not female vaginas. ] ... OBAMA ADMITS FABRICATING GIRLFRIEND IN MEMOIR { Latent gay man obama - ... Barack Obama: The Naked Emperor Shocking but true revelations from David Icke| ..Obama is just more of the same, a big smile with strings attached, and controlled completely by those that chose him, trained him, sold him and provided his record funding, kept his many skeletons under wraps, like the gay sex and crack cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp, who is alleged to claim that someone claiming to represent me called asking for $100,000, to keep me from coming forward about our (Obama and I) November 1999 encounter of sex and cocaine use?), ... Obama is just another Banksters' moll prostituting himself .., and that's why he supported the grotesque bail-out of the banking system and why he will always put their interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv }

12 Pictures That Demonstrate How The New World Order Openly Mocks Us

http://albertpeia.com/newworldordervedgesmockus.htm

{ First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said: The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing

{ First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. }

http://albertpeia.com/planetalreadyruined.htm }

11 Signs That Time Is Quickly Running Out For The Global Financial System

http://albertpeia.com/11signstimesrunoutforfinancialsystem.htm

Sorry Mario Draghi, Spain is Finished… Here’s Why!

July 30, 2012 By gpc1981 http://gainspainscapital.com http://albertpeia.com/spainfinishedandfinancialsystemcollapse.htm

Does Barack Obama Expect The Upcoming Election To Spark Rampant Civil Unrest?

http://albertpeia.com/civilunrestishereandworstening.htm

Flash Mob Robberies And Organized Looting Have Become A Normal Part Of Life In America

http://albertpeia.com/flashmobrobberrieslootingnormalinamerica.htm

Dave’s Daily: http://www.etfdigest.com INVESTORS WAIT ON CENTRAL BANKS AND JOBS 7-31-12 ‘…Bill Gross: WE’RE WITNESSING THE DEATH OF EQUITIES 7-31-12 By Steven Russolillo, WSJ Blogs MarketBeat WSJ.com's inside look at the markets ‘The bond king says stocks are dead…’

THE REAL CRASH IS DEAD AHEAD AS 2008 IS FORGOTTEN

By Paul B. Farrell, MarketWatch

http://albertpeia.com/realcrashdeadahead.htm

Just Open Up Your Eyes And Look - 65 Signs That The Economic Collapse Is Already Happening

http://albertpeia.com/65signseconomiccollapsehappening.htm

Germany Now Has a REAL Debt to GDP of 300%…. Bye Bye Eurozone

http://albertpeia.com/germanydebttogdpnow300percent.htm

Historic Drought, Giant Dust Storms And Massive Power Grid Failures - A Glimpse Into Our Future

http://albertpeia.com/droughtdustpowergridfailuresfuture.htm

Angela Merkel Will NOT Lose Germany’s AAA Status Before Her Re-election

http://albertpeia.com/merkelholdsspainfolds.htm

Mainstream Reporter Tells The Truth About Audit The Fed And The Creation Of The Federal Reserve

http://albertpeia.com/truthaboutauditfedandfedcreation.htm

Dave’s Daily: http://www.etfdigest.com ‘BULLS JUMP ON EMPLOYMENT DATA’ 8-3-12 [ { Dave’s Daily Summary with pics/charts – Dave is always worth a look; a bit too bullish methinks, but somewhat realistic in light of the preposterous churn-and-earn frauds/’valuations’, which folly has gone global and will end quite badly! http://albertpeia.com/davesummary8312.htm }

The Bernanke Put is a Lie

August 3, 2012 By gpc1981 http://albertpeia.com/bernankeputalie.htm

The Employment Rate In The United States Is Lower Than It Was During The Last Recession

http://albertpeia.com/usemploymentratelowerthanlastrecession.htm

Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office"

Submitted by Tyler Durden on 08/03/2012 { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … ) Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm [ the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’] }

Completely Surrounded By Psychopaths And Sociopaths As We Approach The Edge Of Societal Collapse

http://endoftheamericandream.com

http://albertpeia.com/psycopathssociopathsamericasocietalcollapse.htm

{ Think about this! By wobama’s own criteria in his last total b***s*** campaign, he should be stepping down; having failed on all counts and then some. He also promised to cut the nation’s deficit in half by the end of his term; yet, he has increased the nation’s deficit by a record amount greater than all the presidents since Eisenhower COMBINED ($5 trillion). He has done this to help cover up his unequivocal failure by any standard by which you measure a presidency, including his own. People in america must show the Washingtonians they are not doormats! They must stand up and let these politicos know that results count; particularly promised results. Absent positive results as with unmitigated failure, choom-gang-banger wobama, they get the boot. President Romney deserves the 4 years he’ll have to turn this disaster called america around. If President Romney doesn’t cut the mustard in 4 years as promised, then he will be out. Results Count! I believe that people in the final analysis will choose self-respect; that is, choose NOT to be wobama’s doormat. Despite and contrary to wobama’s spin/propagandameisters’ desperate spin/outright falsity which addresses anything but wobama’s clear record of failure, President Romney is smart enough, flexible enough, and with a record of concrete results behind him as compared to wobama choom fantasy/b***s***, President Romney will be a hands-on President to the entire nation in the most positive sense. As such, I believe people will choose self-respect, reality, real results which will make President Romney’s election a substantial margin blowout victory!

Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … ) Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm }

Dead Crops, Extreme Drought And Endless Wildfires Are Now The New Normal In America

http://albertpeia.com/deadcropsdroughtwildfiresnewusnormal.htm

More Than 100 Million Americans Are On Welfare

http://albertpeia.com/morethan100millionamericansonwelfare.htm

Buchanan: 'Obama has steadily diminished both himself and the office he holds'... { Indeed he has; and, that’s putting it mildly! } ‘…In an ad produced by the super PAC Priorities USA, Mitt Romney is charged with moral, if not material, complicity in the cancer death of the wife of a Missouri steelworker. Speaking straight into the camera, Joe Soptic, 62, charges Romney with coldly shutting down the plant where he worked and cutting off his health insurance. This, says Soptic, left his wife without insurance to pay for her care, until, falling ill, she went to a doctor, who discovered stage 4 cancer, which killed her in 22 days.Soptic implies a causal connection between Romney’s decision to shut the plant and his wife’s death. The ad is a premeditated attempt to murder the reputation of Mitt Romney. And from start to finish, it is a deception. The truth. Mitt Romney gave up leadership of Bain Capital in 1999. The steel plant was closed in 2001. Soptic lost his health insurance, but his wife was still working and had hers. She lost her job and insurance in 2003. Her illness and cancer were discovered in 2006, when Romney was ending his fourth year as governor of Massachusetts…’ { It’s really quite amazing: everything but the facts/truth from wobama et als. Actually, wobama has a real tax evader in his ranks; viz., tiny tim geithner who asserted the statute of limitations to get out of paying taxes that were rightfully due. Should President Romney as a rational business man whose record at Bain was conceded by Bill Clinton to have been sterling have instructed his accountants to forget all they know about accounting/taxation and do a bad job (now doing a bad job is something that failed president wobama can identify with and knows something about). Then there’s dirty harry: Drudgereport: HARRY REID HELPS CHINESE SOLAR FIRM REPRESENTED -- BY HIS SON!
PAPER: It's time to fight back against Dirty Harry...
Wife: Rep. Jesse Jackson Jr. getting treatment but 'still very depressed'...
Ethics investigation continues...

BIASED MEDIA BASH: 86% of Romney coverage NEGATIVE... { Friday Humor: (obama last campaign) "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Wow! The only explanation might be they’ve been duped by wobama along with the rest of the nation and are too embarrassed for not doing their reasonably expected due diligence on grifter obama and just won’t own up to the reality of the fraud called wobama! Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … ) Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm [ the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’] } Boehner: Obama has 'never even had a real job, for God's sake'...
O BRINGS BACK TELEPROMPTER...
REPORT: Warnings ignored in Solyndra loan...
{ In the final analysis, I truly believe americans will prove they are not that dumb; that they are not going to be shamed by being fooled twice (fool me once, shame on you; fool me twice, shame on me); that they will let politicians everywhere know that results count! Keeping campaign promises counts! Hope and change…can you believe that wobama et als are actually saying that again? The audacity…eh, what the heck…he’s just a typical jive-talking black…cut him some slack…pathetic…The only reality for hope and change is hope that wobama changes. That’s not likely! He’s gotten by on b***s*** his entire life and is a desperate and total fraud! I believe this will be a reality-based high-margin blowout victory for President Romney! }

Janet Napolitano’s Little Love Nest at DHS

Prisonplanet.com | The Thomas More Law Center has announced that it has filed a federal lawsuit against Homeland Security Secretary Janet Napolitano.

Shocking Federal Lawsuit Against DHS Napolitano: Big Sis Favored Her Gal Pals, Treated Male Staffers “Like Lapdogs,” Her Female Staff Tormented Male Employees with “Sexually Charged Games” { Whoa! Lapdog to Napolitano! Whew! Ew! Wow! Yuck! After all, jano almost makes mo reno look like a beauty queen! I’m starting to get dry heaves! …In the suit Hayes also accused Napolitano’s chief of staff at ICE, Suzanne Barr, of repeated 'sexually offensive behaviour' intended to 'humiliate and intimidate male employees'.On one occasion, Barr called a colleague in his hotel room and screamed using sexually explicit language, telling him she 'wanted his c*** in the back of [her] throat' (of course, this impressionable lesbian must have seen ‘deep throat’; maybe she really thinks there’s a possibility she has a clitoris in the deep recesses of her throat…or not…just kidding). Might this be behind (pun) the sadistic groping of TSA. Pretty sordid stuff, indeed! } Hayes claims he 'felt that he was being targeted because of his gender' and witnessed Barr repeatedly picking on men. She 'created a frat-house type atmosphere that is targeted to humiliate and intimidate male employees', according to court papers. In 2009 she 'removed the entire contents of the offices of three male employees, including nameplates, computers and telephones, to the men’s bathroom at ICE headquarters'. Read more: http://www.dailymail.co.uk/news/article-2186507/Janet-Napolitano-favoured-woman-long-relationship-job.html#ixzz23ERN7rMx }

11 Things That Can Happen When You Allow Your Country To Become Enslaved To The Bankers

http://albertpeia.com/nationalconsequencesofenslavementtobankers.htm { I really have to tell you, I’d rather be enslaved by bankers than … Jano, see supra … Just kidding! Neither, is my real answer! }

Dave’s Daily: http://www.etfdigest.com COMPLACENCY IN LATE AUGUST 8-13-12 { Complacency? More like insanity as market reactions were the logical opposites to what the data would dictate, infra. But, that’s been true for quite some time on fraudulent wall street.

Are The Government And The Big Banks Quietly Preparing For An Imminent Financial Collapse?

http://albertpeia.com/imminentfinancialcollapse.htm

EUROPE HAS TWO POTENTIAL “HAIL MARY” PASSES … WOULD EITHER OF THEM WORK { Short Answer: NO! } ?

August 15, 2012 By gpc1981 http://albertpeia.com/europesbailmario.htm

Guest Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words! It’s been my direct experience for quite some time now and is quite a pathetic scenario! } Legal precedent means nothing. Rule of law means nothing. Free speech means nothing. Their own treaties mean nothing. It’s unbelievable. Anyone in the west who honestly thinks he’s still living in a free society is either a fool or completely out of touch. If that seems too radical an idea, consider that ECUADOR is now the only nation which stands to defend freedom and human rights against an assault from the United States, the United Kingdom, and their spineless allies. The west has just become a giant banana republic. Have you hit your breaking point yet? If not now… when? { { I’m really constrained to interject my own direct experience with the FBI here; and, I must say I do so lamentably. If you want no real results vis-à-vis organized crime which now extends to the upper reaches, highest levels of the corrupt u.s. government, go to the FBI. I discounted the new jersey FBI as just typical corrupt, mob infested jersey which thinks in terms of discos/casinos. But, truth be told, they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their (understated) crime stats for even a second. I’m beginning to feel foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters directly who seem to have at least some sense of the magnitude of the fraud involved and the pervasive corruption of the system and government and maybe a semblance of honor in this nation of protracted decline. It never would have occurred to me back when for me, such a choice/decision was clear-cut and simple. Such a course as mine I no longer could recommend inasmuch as there is little difference between state/government sponsored crime/corruption and that perpetrated by other criminal elements, from my direct experience with both, infra: Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some federal workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the properties in my proceedings for which surplus funds are unaccounted for was a 2 bedroom 1 and 1/2 bath condominium in seaside heights, n.j.). But debauchery an american specialty? Another rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in the illegal drug trade). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city boy louis freeh, labeled by former Prosecutor Larry Klaiman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.

GOOGLE SEARCH – ‘LARRY KLAYMAN, LOUIS FREEH CORRUPT’

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· Trulock Sues FBI Director Freeh

Jul 31, 2000 – Judicial Watch is a public-interest law firm that fights corruption in government. To read Larry Klayman's letter to Louis Freeh, ...

· Judicial Watch - Because no one is above the law!

... security," said JW Chairman Larry Klayman. "His behavior stands in stark contrast to Louis Freeh, a man so corrupt he destroyed the office he led, ...

· Freedomwriter.com :: Headline News :: - America - JUDICIAL ...

“Louis Freeh will finally have to answer in court for what he did to our clients. ... answers,” stated Judicial Watch Chairman and General Counsel Larry Klayman. ...

· Infowars.com -- Talk Radio's Alex Jones v. the New World Order

Klayman, Larry, Chairman, Judicial Watch ... My name is Larry Klayman. ... interest group that investigates and prosecutes government corruption and abuse. ...... They seized his computer – these are FBI agents at the direction of Louis Freeh, ...

· JUDICIAL WATCH REJOICES AT RESIGNATION OF FBI DIRECTOR LOUIS FREEH

May 3, 2001 – Because of his corrupt behavior, Freeh was placed on Judicial Watch's ... stated Judicial Watch Chairman and General Counsel Larry Klayman. ...

· The hazing of Judge Lamberth

May 27, 2000 – By Larry Klayman ... While Judicial Watch has asked FBI Director Louis Freeh to .... lawsuits against a corrupt and unrepentant Clinton-Gore ...

SHARE YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:

The following is my comment to an LA Times article regarding a Justice Department cover-up! As for your inquiry, all I think about day and night is a long overdue resolution to the RICO litigation as set forth therein:

ATF Chief Melson:Justice Department trying to shield officials (LATimes) Serrano

I believe him!

 I truly empathize with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu:   Died February 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]

Here’s some real, complicit cover-up / fraud on the part of the federal government, et als:

October 15, 2010 (*see infra {ultimately delivered by UPS})

 Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024

 Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case  RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages)      [  ricosummarytoFBIunderpenaltyofperjury.pdf   http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf          ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as     fbicorrespondencereyes.htm     .   With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the    RICO VERIFIED COMPLAINT    (see infra). Such includes and as set forth in the case, inter alia,

A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..

Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.

The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages:   [  Shiff Order of Dismissal With Prejudice on Coan’s Failure to File        Page 1                Page 2          ]

Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [   transcript in pertinent part -     http://albertpeia.com/crossexamofcoanbypeia.pdf    ]

Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.

Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.],   Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.

Sincerely,

Albert L. Peia
611 E. 5^th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651 -magic jack}

                       ----------

*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]

Responding to your message

FROM:

Rep. Lucille Roybal-Allard

TO:

albert_peia@yahoo.com

Message flagged

Wednesday, November 16, 2011 8:48 AM

Dear Mr. Peia:

Thank you for being in touch.  As we continue the busy first session of the 112^th Congress, I want you to know that I am grateful for the various times you have shared your thoughts and concerns with me on different issues.  Please be assured that your voice is being heard and that your perspective helps me to better represent you in Washington, D.C. 

Sincerely,

LUCILLE ROYBAL-ALLARD
Member of Congress

[ This is a reply to the Congresswoman’s query among others included.]

11-5-11

Dear Congresswoman Roybal-Allard:

The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:

‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’

Sincerely,

Albert L. Peia

America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm

Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

The Criminal Banking Cartel's End Game: A 100% Digital Monetary System

Posted by: smartknowledgeu Post date: 06/07/2012 The end game of this global monetary crisis is the imposition of a 100% digital monetary system that would permanently end what little economic freedoms we still retain today. Educate. Resist. Fight... http://albertpeia.com/criminalcartel.htm { I agree with the thrust of this article which I’ve yet to read in full; if only to emphasize that with a mouse click/button/keystroke/enter you could easily be separated from your money/wealth which is a formidable intimidating threat consistent with planned subservience (and also facilitating manipulated fraud, etc.). And, don’t think they wouldn’t do it, meaningless, arbitrarily enforced laws notwithstanding. Don’t forget; government slugs all have the same employer. I experienced the corruption first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/americangovernmentdrugtrafficking.htm
http://albertpeia.com/americascorruptiondrugtrade.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm }

http://gainspainscapital.com { I’m constrained to add here what I believe Graham Summers has not incorporated into his calculations; viz., that merkel very well might not even want to be re-elected. That certainly seems to be the case despite presumptions to the contrary. After all, there will ultimately be no winners in this pathetic ponzi charade and ever growing debacle in the making that she has seemed willing at every crucial juncture to countenance despite it being antithetical if not diametrically opposed to german interests. }

TINA FROWN! Newsweek on wobama’s failed presidency – Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm

Dave’s Daily: http://www.etfdigest.com BERNANKE & CO READY TO PROVIDE ANOTHER ROUND { …of consistently failed, inflationary QE for the benefit of the wall street frauds only, to the detriment of the real economy and everyone else! This misguided wall street fraud oriented policy is in large part responsible for the increasingly dismal state of the economy along with the natural concomitant of rising prices which are blamed on everything but the contraindicated QE which is the primary culprit! } The only news that mattered to the algos and HFTs were nuggets of more QE found in FOMC Minutes released just in time for the 2:15 Buy Program Express to leave the station. More money printing is inflationary and stocks can inflate too so let’s not kid ourselves. Perhaps the so-called “smart money” has been buying stocks in anticipation of this kind of pro-QE3 news; frankly, they would have little other reason to buy this market. Other than Apple (AAPL) which seems to have become “the market” little else is exciting or stimulative.Meanwhile in the eurozone Spain has found implementing austerity measures to be…well, difficult. Greek Prime Minister Samaras is making the rounds of eurozone governments pleading his case for a two-year extension for austerity reforms. Samaras stated that reforms could be fully implemented by (where will any of us and he be by then?) 2020. Germans have stated they will abide just a little tinkering in that regard.Much was made early Wednesday regarding Japan’s poor trade deficit (-$6.5 billion) which was caused by weak demand from the eurozone and China. (No surprise there methinks.) After seeing this data Fed Governor, and super money printer, Evans called the report “awful” so we know which way he’s leaning.The NAR (National Association of Realtors), after hitting the send button 30 minutes before schedule, reported Home Sales rose (4.47M vs 4.5M expected & prior 4.37M). Summer should be a good time for sales one would think and most realtors in our neck of the woods (New England) are busy.Stocks were weaker early until the algo driven buy programs hit the tape after the FOMC Minutes revealed a few nuggets of QE. Market sectors moving higher besides (AAPL) were homebuilders (ITB) once again.Volume was only slightly higher as program trading increased after the Fed release. Breadth per the WSJ was negative…’

Grim economic report provides Romney with opening BETTENDORF, Iowa – Mitt Romney bounded into the battleground state of Iowa today, aided by a new, non-partisan government report that painted a grim picture of the state of the economy, using the new data to return his campaign’s narrative to his favorite catch phrase:...

http://albertpeia.com/truthwinsecotopics.htm

Guest Post: The Stock Market Is An "Attractive Nuisance" And Should Be Closed

Submitted by Tyler Durden on 08/22/2012 { Yes! This article should in no way be considered tongue-in-cheek sarcasm, exaggeration; but rather, the reality that the stock market has become a parasitic den of thieves and fraud literally detrimental to all people, all places except for the few indigenous denizens of this infectious malignancy that literally sucks the life blood out of all they reach and touch! }

In tort law, an attractive nuisance is any potentially hazardous object or condition that is likely to attract the naive and unwary, i.e. children. A classic example is an abandoned swimming pool half-filled with fetid water. The stock market is demonstrably an "attractive nuisance" and should be closed immediately. It should never be reopened unless these conditions can be met: 1) All shares must be owned for at least four hours 2) All trading must be executed by humans on a transparent exchange where all trading activity (and open orders) is visible to all participants 3) Intervention in the market by the Federal Reserve or any Central State agency or agents is against the law. If you insist on putting money at risk in the stock market, be aware that you are playing a rigged roulette wheel and thus you are a mark. You might win, or the entire game might collapse in a rotten heap of lies and corruption. Just remember that the market is ruled by parasites who need to keep their hosts (investors) alive so they can continue to feed off them (i.e. biotrophic parasites). If the hosts all leave the market, the parasites will have only themselves to feed on, and they will quickly expire.

Thanks Obama - Here Are 24 Stats That Show How Much You Have Royally Messed Up Our Economy

http://albertpeia.com/24statsshowhowobamamessedupeconomy.htm

8 Economic Threats That We Were Not Even Talking About At The Beginning Of The Summer

http://albertpeia.com/8neweconomicthreats.htm

More Than Half Of All Americans Are At Least Partially Dependent On The Government

http://albertpeia.com/morethanhalfamericansdependentongovernment.htm

Jacob Rothschild, John Paulson And George Soros Are All Betting That Financial Disaster Is Coming

http://albertpeia.com/insidersmartmoneybetsfinancialdisastercoming.htm

Marc Faber: Odds of Global Recession Are 100%

Texas judge warns of possible ‘civil war’ if President Obama is re-elected

Romney: My health care plan is superior to Obama's

Obama campaign unleashing 'the Big Dog' in battleground states Obama campaign unleashing 'the Big Dog' in battleground states { Riiiiight! The big dog…who found a way to poop up the presidency after being gifted with a huge end of cold war peace dividend courtesy of predominantly Reagan. Yes, on route to blowing the job, despite his support for NAFTA, he did get quite a few…blow(n) jobs… http://albertpeia.com/bigdogpoop.htm … YES. THAT'S THE JUNIOR SENATOR FROM NEW YORK WHOSE OFFICE WAS BOUGHT AND PAID FOR WITH PARDONS (FOR VOTES-HASIDIM/JEWISH, LATINO, ETC.) FOR CONVICTED CRIMINALS BY HER PSYCOPATHIC MURDEROUS, LYING, RAPIST CRIMINAL PARTNER IN CRIME, (HILL)BILLY CLINTON. WHAT NEW YORKERS ALSO HAVE IS A 2 FOR 1. YES. BUT NOT (HILL)BILLY, BUT ELEANOR. NO. NOT ELEANOR RIGBY BUT RATHER ELEANOR ROOSEVELT. YES. HILLARY'S WELL DOCUMENTED COMMUNING WITH ELEANOR (VIA SEANCE ON THE ROOF OF THE WHITEHOUSE YOUR TAX DOLLARS AT WORK) SHOULD GIVE NEW YORKERS GREAT CHEER, ALTHOUGH COINCIDENTALLY, NEW YORK WITH THE ARRIVAL OF THE HILLBILLY CLINTONS HAS, AS THE REST OF THE NATION, FELT THAT GOOD OLD ARKANSAS HILLBILLY CLINTON EFFECT (9-11, CONSEQUENCES OF THE CLINTON INDUCED STOCK MARKET FRAUD, FALLOUT FROM AND LINGERING EFFECTS OF THE HILLBILLIES' TENURE IN WASHINGTON, CLINTON PROMOTED/SIGNED NAFTA, ETC.). THESE PARTNERS IN CRIME SHOULD BE IN JAIL.

Clinton Speaks: He Did It Because He Could - There Are Serial Killers On Death Row Who Have Killed Fewer People Than Unconflicted, Pathological Liar/Perjurer, Rapist, and Murderer, Psychopath criminal american clinton

clinton Flashed ("Dropped his Drawers") Paula Jones and Implored Her To "Kiss It" (his penis, which owing to distinctive "marking/disfigurement" she was able to describe)

clinton "Cops a Cheap Feel/Grope" From Kathleen Willey In Attempting Prey Upon Her Perceived Vulnerability

clintonites Threaten Dolly Kyle Browning In Attempting To Intimidate Her Into Giving False Testimony

clinton Brutally Rapes Juanita Broaddrick

clinton Was Asked To Leave Oxford Owing To Sexual Assault Of A Fellow Student

He Does It Because He Can

Remarkably similar threatening tactics have been directed at other women who, like Mrs. Browning, have personal knowledge of Clinton’s misconduct and were sought as witnesses in official proceedings against Clinton. See id. at 134. Plaintiffs referred in their Amended Complaint to the threats and retaliation by Clinton and his agents against Kathleen Willey and Linda Tripp when they were called to testify in the Jones case and the Independent Counsel’s investigation of the Lewinsky affair. Indeed, the number of women who have suffered from these "Clintonian" tactics is significant. On March 11, 1999, Investor’s Business Daily reported that at least nine (9) women have now charged that Clinton "personally assaulted them or, through his ‘agents’ or ‘people,’ threatened to do them or their families physical harm." The list includes Dolly Kyle Browning, Gennifer Flowers, Juanita Broaddrick, Paula Corbin Jones, Kathleen Willey, Monica Lewinsky, Linda Tripp, Sally Perdue, and Elizabeth Ward Gracen. "And all of them say they’re afraid for their safety so long as he remains in power."

Lewinsky, who told her own account of the affair in the 1999 book "Monica's Story," said she reluctantly spoke out about Clinton's tome "My Life" because he tried to rewrite history. "He says he was proud of the way that he defended the presidency, at my expense," she said. "In the process he destroyed me, and that was the way he was going to have to do that, to get through impeachment," Lewinsky added. "I was a young girl and to hear him saying some of the things he was saying today -- it's a shame."

John F. Kennedy Jr.
Potential Candidate for Senator from New York.
died: 7/16/99
Within days of an NBC Dateline story hinting at a possible run for the Senate seat currently assumed to be the property of Hillary Clinton, JFK Jr. and his wife and sister-in-law died when the Piper Saratoga II TC JFK Jr. was piloting crashed in to the ocean just short of Martha's Vineyard. The NEWSWEEK issue for the following Monday, which NBC Dateline had reported would announce JFK Jr's candidacy, was yanked from distributors and destroyed.

Even before the wreckage of the plane had been found, the media was saturated with news stories declaring the weather to have been very hazy (the weather was VFR conditions, and 8 mile visibility, plus weather radar and witnesses on Martha's Vineyard all reported clear skies) making it impossible for JFK Jr. to know which way was up (he also had working instruments in the aircraft).

As was the case when TWA 800 was shot down, the United States Navy took control of the crash site, ordering an unprecidented 5 mile wide no-fly zone while the wreckage of the aircraft was recovered and taken to a military base.

Reporters Cindy Adams and Andrew Goldman have documented the planting of false information about JFK Jr. in the media in the days following his crash. The feeding of false information to the press proves there is a cover-up. The existence of a cover-up is why JFK Jr. gets an entry on the Dead Bodies List.

According to some reports, Mrs. Kennedy was pregnant.

CLINTON BODY COUNT

By: Ether Zone Staff

Here is the latest body count that we have. All of these people have been connected with the Clintons in some form or another. We have not included any deaths that could not be verified or connected to the Clinton scandals. All deaths are listed chronologically by date. This list is current and accurate to the best of our knowledge as of January 13, 1999 August 1, 2000.

Susan Coleman: Rumors were circulating in Arkansas of an affair with Bill Clinton. She was found dead with a gunshot wound to the head at 7 1/2 months pregnant. Death was an apparent suicide.

Larry Guerrin: Was killed in February 1987 while investigating the INSLAW case.

Kevin Ives & Don Henry: Initial cause of death was reported to be the result of falling asleep on a railroad track in Arkansas on August 23, 1987. This ruling was reported by the State medical examiner Fahmy Malak. Later it was determined that Kevin died from a crushed skull prior to being placed on the tracks. Don had been stabbed in the back. Rumors indicate that they might have stumbled upon a Mena drug operation.

Keith Coney: Keith had information on the Ives/Henry deaths. Died in a motorcycle accident in July 1988 with unconfirmed reports of a high speed car chase.

Keith McKaskle: McKaskle has information on the Ives/Henry deaths. He was stabbed to death in November 1988.

Gregory Collins: Greg had information on the Ives/Henry deaths. He died from a gunshot wound to the face in January 1989.

Jeff Rhodes: He had information on the deaths of Ives, Henry & McKaskle. His burned body was found in a trash dump in April 1989. He died of a gunshot wound to the head and there was some body mutilation, leading to the probably speculation that he was tortured prior to being killed.

James Milam: Milam had information on the Ives & Henry deaths. He was decapitated. The state Medical examiner, Fahmy Malak, initially ruled death due to natural causes.

Richard Winters: Winters was a suspect in the deaths of Ives & Henry. He was killed in a "robbery" in July 1989 which was subsequently proven to be a setup.

Jordan Kettleson: Kettleson had information on the Ives & Henry deaths. He was found shot to death in the front seat of his pickup in June 1990.

Alan Standorf: An employee of the National Security Agency in electronic intelligence. Standorf was a source of information for Danny Casalaro who was investigating INSLAW, BCCI, etc. Standorf's body was found in the backseat of a car at Washington National Airport on Jan 31, 1991.

Dennis Eisman: An attorney with information on INSLAW. Eisman was found shot to death on April 5, 1991.

Danny Casalaro: Danny was a free-lance reporter and writer who was investigating the "October Surprise", INSLAW and BCCI. Danny was found dead in a bathtub in a Sheraton Hotel room in Martinsburg, West Virginia. Danny was staying at the hotel while keeping appointments in the DC area pertinent to his investigation. He was found with his wrists slashed. At least one, and possibly both of his wrists were cut 10 times. All of his research materials were missing and have never been recovered.

Victor Raiser: The National Finance Co-Chair for "Clinton for President." He died in a airplane crash on July 30, 1992.

R. Montgomery Raiser: Also involved in the Clinton presidential campaign. He died in the same plane crash as Victor.

Paul Tully: Tulley was on the Democratic National Committee. He was found dead of unknown causes in his hotel room on September 24, 1992. No autopsy was ever allowed.

Ian Spiro: Spiro had supporting documentation for grand jury proceedings on the INSLAW case. His wife and 3 children were found murdered on November 1, 1992 in their home. They all died of gunshot wounds to the head. Ian's body was found several days later in a parked car in the Borego Desert. Cause of death? The ingestion of cyanide. FBI report indicated that Ian had murdered his family and then committed suicide.

Paula Gober: A Clinton speech writer. She died in a car accident on December 9, 1992 with no known witnesses.

Jim Wilhite: Wilhite was an associate of Mack McClarty's former firm. Wilhite died in a skiing accident on December 21, 1992. He also had extensive ties to Clinton with whom he visited by telephone just hours before his death.

Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu:   Died Feburary 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco.

Sgt. Brian Haney, Sgt. Tim Sabel, Maj. William Barkley, Capt. Scott Reynolds: Died: May 19, 1993 - All four men died when their helicopter crashed in the woods near Quantico, Va. - Reporters were barred from the site, and the head of the fire department responding to the crash described it by saying, "Security was tight," with "lots of Marines with guns." A videotape made by a firefighter was seized by the Marines. All four men had escorted Clinton on his flight to the carrier Roosevelt shortly before their deaths.

John Crawford: An attorney with information on INSLAW. He died from a heart attack in Tacoma in April of 1993.

John Wilson: Found dead from an apparent hanging suicide on May 18, 1993. He was a former Washington DC council member and claimed to have info on Whitewater.

Paul Wilcher: A lawyer who was investigating drug running out of Mena, Arkansas and who also sought to expose the "October Surprise", BCCI and INSLAW. He was found in his Washington DC apartment dead of unknown causes on June 22, 1993.

Vincent Foster: A White House deputy counsel and long-time personal friend of Bill and Hillary's. Found on July 20, 1993, dead of a gunshot wound to the mouth -- a death ruled suicide. Many different theories on this case! Readers are encouraged to read our report in Strange Deaths.

Jon Parnell Walker: An investigator for the RTC who was looking into the linkage between the Whitewater and Madison S&L bankruptcy. Walker "fell" from the top of the Lincoln Towers Building.

Stanley Heard & Steven Dickson: They were members of the Clinton health care advisory committee. They died in a plane crash on September 10, 1993.

Jerry Luther Parks: Parks was the Chief of Security for Clinton's national campaign headquarters in Little Rock. Gunned down in his car on September 26, 1993 near the intersection of Chenal Parkway and Highway 10 west of Little Rock. Parks was shot through the rear window of his car. The assailant then pulled around to the driver's side of Park's car and shot him three more times with a 9mm pistol. His family reported that shortly before his death, they were being followed by unknown persons, and their home had been broken into (despite a top quality alarm system). Parks had been compiling a dossier on Clinton's illicit activities. The dossier was stolen.

Ed Willey: A Clinton fundraiser. He died of a self-inflicted gunshot wound on November 30, 1993. His death came the same day his wife, Kathleen, was sexually assaulted in the White House by Bill Clinton.

Gandy Baugh: Baugh was Lasater's attorney and committed suicide on January 8, 1994. Baugh's partner committed suicide exactly one month later on February 8, 1994.

Herschell Friday: A member of the presidential campaign finance committee. He died in an airplane explosion on March 1, 1994.

Ronald Rogers: Rogers died on March 3, 1994 just prior to releasing sensitive information to a London newspaper. Cause of death? Undetermined.

Kathy Furguson: A 38 year old hospital worker whose ex-husband is a co- defendant in the Paula Jones sexual harassment law suit. She had information supporting Paula Jone's allegations. She died of an apparent suicide on May 11, 1994 from a gunshot wound to the head.

Bill Shelton: Shelton was an Arkansas police officer and was found dead as an apparent suicide on kathy Ferguson's grave (Kathy was his girl friend), on June 12, 1994. This "suicide" was the result of a gunshot wound to the back of the head.

Stanley Huggins: Huggins, 46, was a principal in a Memphis law firm which headed a 1987 investigation into the loan practices of Madison Guaranty S&L. Stanley died in Delaware in July 1994 -- reported cause of death was viral pneumonia.

Paul Olson: A Federal witness in investigations to drug money corruption in Chicago politics, Paul had just finished 2 days of FBI interviews when his plane ride home crashed, killing Paul and 130 others on Sept 8 1994. The Sept. 15, 1994 Tempe Tribune newspaper reported that the FBI suspected that a bomb had brought down the airplane.

Calvin Walraven: 24 year on Walraven was a key witness against Jocelyn Elder's son's drug case. Walraven was found dead in his apartment with a gunshot wound to the head. Tim Hover, a Little Rock police spokesman says no foul play is suspected.

Alan G. Whicher: Oversaw Clinton's Secret Service detail. In October 1994 Whicher was transferred to the Secret Service field office in the Murrah Building in Oklahoma City. Whatever warning was given to the BATF agents in that building did not reach Alan Whicher, who died in the bomb blast of April 19th 1995.

Duane Garrett: Died July 26, 1995-A lawyer and a talk show host for KGO-AM in San Fransisco, Duane was the campaign finance chairman for Diane Fienstien's run for the senate, and was a friend and fundraiser for Al Gore. Garrett was under investigation for defrauding investors in Garrett's failed sports memorabilia venture. There was talk of a deal to evade prosecution. On July 26th, Garrett canceled an afternoon meeting with his lawyer because he had to meet some people at the San Fransisco airport. Three hours later he was found floating in the bay under the Golden Gate Bridge.

Ron Brown:. The Commerce Secretary died on  April 3, 1996, in an Air Force jet carrying Brown and 34 others, including 14 business executives on a trade mission to Croatia, crashed into a mountainside. The Air Force, in a 22-volume report issued in June of 1996, confirmed its initial judgment that the crash resulted from pilot errors and faulty navigation equipment At the time of Brown's death, Independent Counsel Daniel Pearson was seeking to determine whether Brown had engaged in several sham financial transactions with longtime business partner Nolanda Hill shortly before he became secretary of commerce.

Charles Meissner: died: UNK - Following Ron Brown's death, John Huang was placed on a Commerce Department contract that allowed him to retain his security clearance
by Charles Meissner. Shortly thereafter, Meissner died in the crash of a small plane.   He was an Assistant Secretary of Commerce for International Economic Policy.

William Colby: Retired CIA director was found dead on May 6,1996 after his wife reported him missing on April 27,1996. Apparently, Colby decided to go on a impromptu canoeing excursion and never returned. Colby who had just started writing for Strategic Investment newsletter, worried many in the intelligent community. Colby's past history of divulging CIA secrets in the past were well known. Strategic Investor had covered the Vince Foster suicide and had hired handwriting experts to review Foster's suicide note.

Admiral Jeremy Boorda: Died on May 16,1996 after he went home for lunch and decided to shoot himself in the chest (by one report, twice) rather than be interviewed by Newsweek magazine that afternoon. Explanations for Boorda's suicide focused on a claim that he was embarrassed over two "Valor" pins he was not authorized to wear.

Lance Herndon: Herndon a 41 year old computer specialist and a  prominent entrepreneur who received a presidential appointment in 1995 died August 10, 1996 under suspicious circumstances. He   appeared to have died from a blow to the head. Police said no weapons were found at his  mansion, adding that Mr. Herndon had not been shot or stabbed and there was no evidence of forced entry or theft.

Neil Moody: Died -August 25, 1996 Following Vincent Foster's murder, Lisa Foster married James Moody, a judge in Arkansas, on Jan 1, 1996. Near the time Susan McDougal first went to jail for contempt, Judge Moor's son, Neil died in a car crash. There were other reports that Neil Moody had discovered something very unsettling among his stepmother's private papers and was threatening to go public with it just prior to the beginning of the Democratic National Convention. He was alleged to have been talking to Bob Woodward of the Washington Post about a blockbuster story. Witnesses said they saw Neil Moody sitting in his car arguing with another person just prior to His car suddenly speeding off out of control and hitting a brick wall.

Barbara Wise: Wise a 14-year Commerce Department employee found dead and partially naked in her office following a long weekend. She worked in the same section as John Huang. Officially, she is said to have died of natural causes.

Doug Adams: Died January 7, 1997- A lawyer in Arkansas who got involved trying to help the people who were being swindled out of their life savings. Adams was found in his vehicle with a gunshot wound to his head in a Springfield Mo. hospital parking lot.

Mary C. Mahoney: 25, murdered at the Georgetown Starbuck's coffee bar over the 4th of July '97 weekend. She was a former White House intern who worked with John Huang. Apparently she knew Monica Lewinsky and her sexual encounters with Bill Clinton. Although not verified, it has been said that Lewinsky told Linda Tripp that she did not want to end up like Mahoney.

Ronald Miller: Suddenly took ill on October 3rd,1997 and steadily worsened until his death 9 days later. (This pattern fits Ricin poisoning.) Owing to the strangeness of the illness, doctors at the Integris Baptist Medical Center referred the matter to the Oklahoma State Medical Examiner's Office. The Oklahoma State Medical Examiner's Office promptly ran tests on samples of Ron Miller's blood, but has refused to release the results or even to confirm that the tests were ever completed.

Had been investigated by authorities over the sale of his company, Gage Corp. to Dynamic Energy Resources, Inc. was the man who tape recorded Gene and Nora Lum and turned those tapes (and other records) over to congressional oversight investigators. The Lums were sentenced to prison for campaign finance violations, using "straw donors" to conceal the size of their contributions to various candidates. Indeed, Dynamic Energy Resources, Inc. had hired Ron Brown's son Michael solely for the purpose of funneling $60,000 through him to the Commerce Secretary, according to Nolanda Hill's testimony.

Sandy Hume: On Sunday, February 22nd, 1998, Sandy Hume, the 28 year old son of journalist Britt Hume, was reportedly found dead in his Arlington, Virginia home. Aside from the statement that this was an "apparent" suicide, there remains in place a total media blackout on this story, possibly out of concern that the actual facts will not withstand public scrutiny. Worked for Hill magazine, about Congress for Congress.

Jim McDougal: Bill and Hillary Clinton friend, banker, and political ally, sent to prison for  eighteen felony convictions. A key whitewater witness, dies of a heart attack on March, 8 1998. As of this writing allegations that he was given an injection of the diuretic lasix has not been denied or confirmed.
Died on March 8, 1998

Johnny Lawhon: 29, died March 29, 1998- The Arkansas transmission specialist who discovered a pile of Whitewater documents in the trunk of an abandoned car on his property and turned them over to Starr, was killed in a car wreck two weeks after the McDougal death.. Details of the "accident" have been sketchy -- even from the local Little Rock newspaper.

Charles Wilbourne Miller: 63, was found dead of a gunshot wound to the head on November 17, 1998  in a shallow pit about 300 yards from his ranch house near Little Rock. Police found a .410 gauge shotgun near Miller's body and a Ruger .357-caliber revolver submerged in water. Investigators concluded the Ruger was the weapon used by Miller to kill himself. Yet, two rounds in the handgun's cylinder had been spent.

He had long served as executive vice president and member of the board of directors for a company called Alltel and was deeply involved in his own software engineering company until the day he died. Alltel is the successor to Jackson Stephens' Systematics, the company that provided the software for the White House's "Big Brother" data base system and that was behind the administration's plan to develop the secret computer "Clipper" chip to bug every phone, fax and email transmission in America.

Carlos Ghigliotti: 42, was found dead in his home just outside of Washington D.C. on April 28, 2000. There was no sign of a break-in or struggle at the firm of Infrared Technology  where the badly decomposed body of Ghigliotti was found. Ghigliotti had not been seen for several weeks.

Ghigliotti, a thermal imaging analyst hired by the House Government Reform Committee to review tape of the siege, said he determined the FBI fired shots on April 19, 1993. The FBI has explained the light bursts on infrared footage as reflections of sun rays on shards of glass or other debris that littered the scene.

"I conclude this based on the groundview videotapes taken from several different angles simultaneously and based on the overhead thermal tape," Ghigliotti told The Washington Post last October. "The gunfire from the ground is there, without a doubt."

Ghigliotti said the tapes also confirm the Davidians fired repeatedly at FBI agents during the assault, which ended when flames raced through the compound. About 80 Branch Davidians perished that day, some from the fire, others from gunshot wounds.

Mark Corallo, a spokesman for the congressional committee chaired by Rep. Dan Burton, R-Ind., said that police found the business card of a committee investigator in Ghigliotti's office. Corallo said Ghigliotti's work for the committee ended some time ago.

Tony Moser: 41, was killed as he crossed a street in Pine Bluff, Ark on on June 10, 2000. Killed 10 days after being named a columnist for the Democrat-Gazette newspaper and two days after penning a stinging indictment of political corruption in Little Rock.

Police have concluded that no charges will be filed against the unnamed driver of a 1995 Chevrolet pickup, which hit Moser as he was walking alone in the middle of unlit Rhinehart Road about 10:10 p.m

Police say they have ruled out foul play and will file no charges against the driver because he was not intoxicated and there was no sign of excessive speed.

Background

For Those Who Wonder About the bush-clinton-bush Stranglehold on the Nation, Realize That Their Criminal Cooperation Began With Their Lucrative Relationship Vis-a-vis What Was Known as the Mena, Arkansas Drug (cocaine from Central/South America) Run As Set Forth In This CIA Agent's Affidavit/Declaration Under Penalty of Perjury.

Doug Casey Predicts Day of Economic Reckoning Is Near

Posted on August 27, 2012 by News

27-Aug (Casey Research)

http://albertpeia.com/caseysayseconomicreckoningnear.htm

— It is a deal with the devil: governments churn out more and more cash for the promise of continued prosperity. But the day of reckoning is near, according to Doug Casey, chairman of Casey Research and an expert on crisis investing. As the epic battle between inflation and deflation continues, Casey discusses his predictions for the new world market in this exclusive interview with The Gold Report.

…Gold is still in the climbing-the-wall-of-worry stage. Mania is still in the future. It’s going to happen. I feel confident of that. There’s going to be a rush to gold.

[source]

Obama Has Stolen $5.3 Trillion From Our Children In Order To Make Himself Look Good

http://albertpeia.com/obamastole5plustrillionfromuschildrentohidehisfailure.htm

Dave’s Daily: http://www.etfdigest.com PROTECT YOURSELF AT ALL TIMES 8-30-12 { Carbon-based unit indeed, Dave. Brings to mind that great first installment of what was to breathe life into that ultimately hugely successful franchise, ‘Star Trek’; viz., the profound ‘Star Trek: The Movie’, directed by no less than Robert Wise (‘The Day the Earth Stood Still’) himself. } There’s enough ideas about what to do now as Bernanke steps to the plate Friday to either regurgitate familiar messages, provide more QE, conduct more coordinated QE with other central banks or something not imagined by this carbon based investor...’

Clint Eastwood to speak at the Republican National Convention: reports { Indeed he did! All is not unforgiven. That’s a double-negative, Clint, meaning all’s forgiven ( I just wanted to interject his oscar-winning ‘Unforgiven’ for the record, along with ‘Million Dollar Baby’) for your pro-gay marriage, don’t give a f*** egalitarian position (I actually thought in light thereof he was a ‘wobama man’)... 82 and still truckin’ in a big way…what a guy…I’m impressed…he made our day! ( There are some detractors, talkin’ this and that about his speech; but, the point is that Clint’s doing it, not just talkin’ about it! ) Well Done, Clint! I’m also adding here for the record the fact that Robert Duvall did a fundraiser for President Romney with First Lady Ann Romney; and, had an underrated, underappreciated superb (less than big budget) film of his own, ‘Assassination Tango’, which in light of nuanced performance and attention to detail deserved greater attention and acclaim ( any guy whose been offered a free poke from Diane Lane [‘Lonesome Dove’] and loves the smell of napalm in the morning [the great ‘Apocalypse Now’] is more than okay in my book). And, Jon Voight: The Advocate … Who woulda thunk it? Cogent and relevant! }

ECB INTERVENTION COMMENT DU JOUR: "CLASSIC BANANA REPUBLIC BANKING" Submitted by Tyler Durden on 09/06/2012

http://albertpeia.com/classicbananarepublicbanking.htm

Are You Better Off? 40 Statistics That Will Absolutely Shock You

http://albertpeia.com/40statsyourenotbetteroff.htm

Dave’s Daily: http://www.etfdigest.com ‘A SPOONFUL OF SUGAR HELPS THE MEDICINE GO DOWN’ 9-7-12 { It really must be emphasized/said, and it has been said infra*, that the west generally, and the u.s. especially, have become unmistakably banana republics meeting all criteria by which such failed forms of political/economic ‘organization’ are denoted. The consistent and persistent focus on the totally fraudulent, manipulated stock markets, fraudulent wall street particularly with contraindicated, failed QE for benefit of wall street frauds only, to the detriment of literally everyone else, viz., taxpayers, main street, etc., has become nothing short of criminally insane! [ ECB INTERVENTION COMMENT DU JOUR: "CLASSIC BANANA REPUBLIC BANKING" Submitted by Tyler Durden on 09/06/2012 http://albertpeia.com/classicbananarepublicbanking.htm . { It bears repeating that never in history have the markets become so disconnected from fundamental finance, valuation, and reality and so completely and utterly fraudulent. I believe that computerization facilitating multiple frauds at lightning speed, over and over again and again along with re-hypothecation of already worthless paper at similar speeds is in part the reason for the prevalence of such fraud along with the breakdown of american among other societies into what yesteryear would have been scorned as ‘banana republics’ without any meaningful rules of law whatsoever and pervasive, almost blatant, corruption at every level. (This is not to blame computers for the bad use they’re put to.) Guest Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words! It’s been my direct experience for quite some time now and is quite a pathetic scenario! } Legendary Investor Jeremy Grantham: America is a Banana Republic Washington’s Blog | Just different bananas perhaps? ] } ‘The ugly employment report of only 96K new jobs vs 125K expected hit markets like a spoonful of sugar—Uncle Sugar. The numbers couldn’t be worse which is why ADP Data and Jobless Claims the previous day doesn’t mean a thing. Ninety million are not in the labor force, 368K people have dropped out of the workforce and the participation rate for men is the lowest since 1948 when most of current readers hadn’t been born. Even the previous data was reduced from 163K to 141K meaning next month’s numbers should be taken with a grain of salt, and not sugar. Forget the slightly lower unemployment rate since with so many dropping off the rolls the real rate is closer to 12% than 8.1%, and that’s generous.

Super Mario’s Big Bluff September 9, 2012 http://albertpeia.com/supermariosbigbluff.htm

The Student Loan Debt Bubble Is Creating Millions Of Modern Day Serfs

http://albertpeia.com/studentloandebtserfs.htm

The Real Unemployment Numbers Are Worse Than You Are Being Told

http://albertpeia.com/realunemploymentnumbersmuchworse.htm

The Historic Demise Of The Ever-Shrinking Dollar: An Infographic

5-24-13 New Business Headlines { Scroll Down to Current Date }

It should be emphasized that the wobama favored contraindicated QE’s and fiat paper currency printing/debasement IS a policy for the wealthy that’s destroyed/is destroying the middle class! Wake up! That’s reality!

A Canadian Summarizes America's Collapse: "Everyone Takes, Nobody Makes, Money Is Free, And Money Is Worthless" ZH On this lackluster Boxing Day dominated by illiquid moves in every asset class, we thought a few succinct minutes spent comprehending the US and European government policies of social welfare and their outcomes was time well spent. Canadian MP Pierre Poilievre delivers a rather epic speech destroying the myths of US and European 'wealth' noting that "Once the US citizen is in debt, the US government encourages them to stay in debt," noting that "the US government encouraged millions of Americans to spend money they did not have on homes they could not afford using loans they could never repay and then gave them a tax incentive never to repay it." His message, delivered seamlessly, notes the inordinate rise in the cost of all this borrowing, adding that "through debt interest alone, soon the US taxpayer will be funding 100% of the Chinese Military complex." From Dependence to Debt to the Welfare State and back to Dependence, this presentation puts incredible context on the false hope so many believe in the US and Europe. Everyone takes, nobody makes, work doesn't pay, indulgence doesn't cost, money is free, and money is worthless. Must watch.

A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN...

http://albertpeia.com/germangoldgone.htm

It’s Not a “Fiscal Cliff” … It’s the Descent Into Lawlessness

Posted by: George Washington It’s Not a Tax or Spending Problem … It’s a Devolution Into Lawlessness

http://albertpeia.com/americasdescentintolawlessness.htm { That’s certainly been my direct experience; and I’ve been warning and ‘yelling from the rooftops’. Nobody listened! Now it’s time to pay the piper! : Chief Justice John Roberts Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

65 Percent Of Americans Believe That 2013 Will Be A Year Of Economic Difficulty

http://albertpeia.com/65percentbelieve2013economicallybaditis.htm

Opinion: Congress, president have insatiable need to spend STLtoday.com { Yes! This is why, along with the pervasive corruption and defacto bankruptcy of the nation, term limits across the board are necessary, and without exceptions. After all, in the immortal (campaign slogan) words of dick (nixon), ‘experience counts’! Indeed it does! For good or ill, and nobody can deny the nation’s very ill. Term limits would eliminate the perceived and in fact need to refrain from enforcing laws against huge fraudsters/campaign bribers/contributors. Moreover,’pork’ would give way to leaner cuts/spending more rationally based. By every rational criterion, congress will have to work for their pay consistent with their promises; and, not get to comfortable just ‘being there’ and all that that unfortunately entails. I’ve seen the lack of resolve/courage/principle/competence first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

35 Statistics About The Working Poor In America That Will Blow Your Mind

http://albertpeia.com/35statsusworkingpoor.htm

Bill Gross Gets It { Gets what? Why is this surprising? With $4 trillion gone missing (still) at the ny fed, americans should not trust the ny fed. Germany’s move is totally rational. How can anyone trust fraudulent, thieving americans with their money or gold, particularly in the fraud capital of the world, new york city Michael Savage: Don't trust feds on flu shot...{ Or anything else, for that matter. Indeed, from my direct experience, the actions/inaction of the feds are geared toward making one reliant/dependent upon them (ie., food stamps, faux disability, unemployment comp extensions, ‘protection’ from rampant, blatant crime or not, etc., despite america’s defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence and venality. In fact, stepping back, I have seen first hand those siding with/benefiting from (and the encouraging of more crime), ie., RICO defendants et als, actually rewarded by the pervasively corrupt/defacto bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a combination of and tantamount to what is essentially hush money, bribes, etc.). Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless nation of marauders/thieves that no longer even remotely resembles what it purports to be and arguably once was. Replaying Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm Armed Robberies Spike Following Game... { Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

CONGRESSMAN WARNS OBAMA: IMPEACH YOU [ http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ]

White House readies 19 executive orders on guns... }

30 Population Control Quotes That Show That The Elite Truly Believe That Humans Are A Plague Upon The Earth

http://thetruthwins.com

http://albertpeia.com/humanplagueonearth.htm

{ It really doesn’t matter what they believe; but rather, it’s what is, that counts. Anyone with average intelligence or better, if they’ve been paying attention, ineluctably must conclude that humans are a ‘net negative’ in real terms. That will never change! Human beings are, on balance, inherently destructive. Fortunately, universally, there is no significant impact inasmuch as the human plague is confined to this solar system; and, for all intents and purposes, to this dying planet. Remember, there’s just decades left at best! }

29 Signs That The Elite Are Transforming Society Into A Total Domination Control Grid

http://thetruthwins.com

http://albertpeia.com/dominationcontrolgrid.htm

{ First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently, primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. }

[ 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said:

The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing

http://albertpeia.com/planetalreadyruined.htm ]

The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die

http://thetruthwins.com

http://albertpeia.com/allfornaught.htm

[ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

Insiders now aggressively bearish Marketwatch

Guest Post: All Is Well

“Facts do not cease to exist because they are ignored.” – Aldous Huxley

The entire system is corrupt to its core. Both political parties, regulatory agencies, Wall Street, the Federal Reserve, and mainstream media are participants in this enormous fraud. They grow more desperate and bold by the day. The lies, misinformation and propaganda being spewed on a daily basis become more outrageous and audacious. They are using the Big Lie method on a grand scale. They frantically need to lure the muppets into the stock market and the housing market to keep the game going a little longer. You can sense we are reaching a tipping point. The system they have created is mathematically unsustainable. Therefore, it will not be sustained.

The start of the 100-year bear Marketwatch Paul B. Farrell Here are 5 dangers ahead that could tip the stock market into a long decline. Which hits first? http://albertpeia.com/100yearbear.htm ‘…Many other Dr. Dooms predict new 2008 crash, long bear market Today, Prechter is in great company, one of many other well-known “Dr. Dooms” who have long-term visions, in a myopic world. You’ll see Prechter alongside such other great “Dr. Dooms” as Hong Kong’s Marc Faber ... celebrity economist Nouriel Roubini ... Nobel economist Joseph Stiglitz, author of “Freefall” ... $100 billion money manager Jeremy Grantham, who says our GDP is “On the Road to Zero Growth” ... Forbes columnist Gary Shilling, who sees the S&P dropping 45% to 800... historian Niall Ferguson, author of “Colossus: The Rise and Fall of The American Empire” ... hedge fund genius Nassim Taleb, author of “Black Swan” ... former IMF chief economist Simon Johnson, co-author of “White House Burning” and “Doomsday Cycle” ... billionaire trader George Soros, who just made a billion shorting the yen ... economists Carmen Reinhart and Kenneth Rogoff, whose classic “This Time is Different: Eight Centuries of Financial Folly” says it all ... anthropologist Jared Diamond whose “Collapse” warns us that throughout history civilizations fail because leaders fail to plan and act in time ... and other “Dr.Dooms” we’re tracking. So yes, Prechter and his Dow 400 and 100-year bear-market predictions are in good company. And we even have to include Pimco’s Mohamed El-Erian, who manages a $2 trillion portfolio along with “Bond King” Bill Gross. El-Erian recently warned investors about the “New Normal: Low Growth, Few Jobs.”…’

MarketWatch 4 strategies for the coming crash Paul B. Farrell Commentary: Even a kid in a TV commercial can figure out which solution is best. The Handy Investors Crash Loss Calculator By Paul B. Farrell, MarketWatch SAN LUIS OBISPO Calif. (MarketWatch) — ‘It’s not complicated. Prepare all you want. But the bull ends. The market sinks deep into its third bear of the 21st century. Wall Street loses another $10 trillion of our retirement money. ..’ http://albertpeia.com/4strategiesforcomingcrash.htm

The Big Banks Are Recklessly Gambling With Our Money, And It Will Cause The Global Financial System To Collapse

http://albertpeia.com/banksgamblingwithyourmoney.htm

THE END OF BARACK OBAMA? SCANDAL/ECONOMIC DISASTER BREWING! Porter Stansberry http://albertpeia.com/usobamadisaster.htm

A DaNGeRouS BuBBLe... by: williambanzai7 - There is no stock bubble--Mr Bubbles http://albertpeia.com/dangerousbubble.htm

ALERT: All Of The Money In Your Bank Account Could Disappear In A Single Moment

http://albertpeia.com/bankaccountswipedout.htm

A Surprising Number Of Americans Believe In Conspiracy Theories – And Many Of Them Are Actually True

http://albertpeia.com/trueconspiracytheories.htm

STaTe OF THe FiaT FaRCe... by : williambanzai7 - Say what you will, it sure is fun to agitate the fiat worms by saying the word: Bitcoin! http://albertpeia.com/fiatfarce.htm

The Chart That Will Crash The Market: “We Have Reached the Terminus” Karl Denninger | The screeching coming from CNBS and elsewhere this morning is amusing. http://albertpeia.com/marketcrashterminus.htm

21 Statistics About The Explosive Growth Of Poverty In America That Everyone Should Know

http://albertpeia.com/21statsexplosivegrowthofuspoverty.htm

BaNZai7'S IN-DePTh CoVeRaGe oF THe KiM CHee STaND OFF... by : williambanzai7 - The days are gone forever, when our enemies could blackmail us with FWMD.--Kim Jong Un http://albertpeia.com/lillkimbo.htm

MarketWatch: BREAKING U.S. stocks end higher on Bank of Japan stimulus { Can you believe this ‘headline’? What total b***s***! All bad news … but there has to be a reason for the manipulated, fraudulent stock market to ralley? How pathetic! }

13 SIGMA GODZILLA... by : williambanzai7 - You have your fear which might become reality; and you have Godzilla, which IS reality.--Godzilla 1954 http://albertpeia.com/dezombiemeetsgodzilla.htm

More Than 101 Million Working Age Americans Do Not Have A Job

http://albertpeia.com/morethan101millionwojobs.htm

25 Things That You Should Do To Get Prepared For The Coming Economic Collapse

http://albertpeia.com/25thingsprepareforeconomiccollapse.htm

FeDeRaL ReSeRVe DoPe... http://albertpeia.com/federalreservedope.htm

Dow Jones At New All Time Highs - Here's Why – http://albertpeia.com/allbaddataalltimehighs.htm

Breaking Bad Durden …new all-time high nominal stock prices. These six charts say it all... http://albertpeia.com/breakingbad.htm

The Tunnel People That Live Under The Streets Of America

http://albertpeia.com/tunnelpeopleofamerica.htm

11 Economic Crashes That Are Happening RIGHT NOW

http://albertpeia.com/11economiccrasheshappeningnow.htm

Who Gave North Korea Nukes In The First Place? Paul Joseph Watson | The U.S. government and the CIA. http://albertpeia.com/usgavenokoreanukes.htm

The Illusion of Toothless Sharks Harry Dent http://albertpeia.com/illusionoftoothlesssharks.htm

100 Years Old And Still Killing Us: America Was Much Better Off Before The Income Tax

http://albertpeia.com/incometaxkillingus.htm

HeaDS I WiN... Posted by: williambanzai7 Post date: 04/13/2013 - Investors Beware! http://albertpeia.com/headsiwin.htm

QE TiTaNiC 2013... Posted by: williambanzai7 Post date: 04/15/2013 - Until the moment she actually sinks, the Titanic is unsinkable.--Julia Hughes http://albertpeia.com/benusstitanicqeedkoed.htm

Guest Post: Don't Ask - It's Magic! "Any sufficiently advanced cartel's actions are indistinguishable from magic." http://albertpeia.com/magictillcrashreality.htm

ASiA AND THe GLoBaL MaNDeLBRoT SeT... by: williambanzai7 - Some of you might find some of these images disturbing or even exciting... http://albertpeia.com/madamkimbo.htm

History Tells Us That A Gold Crash + An Oil Crash = Guaranteed Recession

http://albertpeia.com/goldcrashplusoilcrashequalsrecession.htm

Suspicious Photo of Gold-Bomber ben… by williambanzai7The Limerick King http://albertpeia.com/suspicioushelicopterbenphoto.htm

…The Takedown Of Gold A Sign That The Entire Global Financial System Is About To Crash … ?

http://albertpeia.com/globalfinancialsystemcrash.htm

‘…So who is behind all of this orchestration?  Well, according to Dr. Paul Craig Roberts, it is actually the Federal Reserve... The Federal Reserve began its April Fool’s assault on gold by sending the word to brokerage houses, which quickly went out to clients, that hedge funds and other large investors were going to unload their gold positions and that clients should get out of the precious metal market prior to these sales. As this inside information was the government’s own strategy, individuals cannot be prosecuted for acting on it. By this operation, the Federal Reserve, a totally corrupt entity, was able to combine individual flight with institutional flight. Bullion prices took a big hit, and bullishness departed from the gold and silver markets. The flow of dollars into bullion, which threatened to become a torrent, was stopped. In fact, Dr. Roberts says that former Goldman Sachs trader Andrew Maguire is reporting that the Fed orchestrated the dumping of 500 tons of naked gold shorts into the market on Friday... According to Andrew Maguire, on Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale. If he doesn’t have the item, he borrows it from someone who does, putting up cash collateral equal to the current market price. Then he sells the item, waits for it to fall in price, buys it back at the lower price and returns it to the owner who returns his collateral. If enough shorts are sold, the result can be to drive down the market price. As Dr. Roberts noted, this represents an absolutely massive amount of gold... Consider the 500 tons of paper gold sold on Friday. Begin with the question, how many ounces is 500 tons? There are 2,000 pounds to one ton. 500 tons equal 1,000,000 pounds. There are 16 ounces to one pound, which comes to 16 million ounces of short sales on Friday. Who has 16 million ounces of gold? At the beginning gold price that day of about $1,550, that comes to $24,800,000,000. Who has that kind of money? … A WHOLE LOT OF PEOPLE NEED TO BE CRIMINALLY INVESTIGATED. Meanwhile, many are considering this takedown of gold to be an ominous sign that another major financial crisis may be heading our way. Just remember what happened back in 2008.  As Zero Hedge noted on Monday, the price of gold suddenly plunged 21 percent in July 2008.  That was just a couple of months before the U.S. stock market crashed in the fall...’

El-Erian's Summary: "Virtually Every Market Is Trading At Very Artificial Levels"Submitted by Tyler Durden on 04/16/2013 - "In order for central banks to achieve their ultimate economic objective - which is growth and jobs - they have to push investors into taking more risk than is justified," is the somewhat chilling warning that PIMCO's Mohamed El-Erian gives in this excellent interview with the WSJ. "Central banks are operating through the wealth effect and animal spirits," El-Erian says peeling back the truth onion, as they prop up asset prices to "artificial levels, in virtually every market." Worries over the central bankers of the world withdrawing easy money policies too early are "unwarranted," he notes, adding that he suspects, "they will most likely stay too long and they will consciously make that mistake." Critically, though, he sends a message that appears to fit with many of our recent discussions (most recently here) that "if these levels aren’t validated by the fundamentals, then investors will get hurt."

10 Scenes From The Economic Collapse That Is Sweeping Across The Planet

http://albertpeia.com/scenesfromeconomiccollapse.htm

5-24

HoW DoeS A PoTuS DiSTRaCT ATTeNTioN FRoM A BuCKeT oF SCaNDaLS? Posted by : williambanzai7 Post date: 05/24/2013 - Drone On  Debt Bro, Drone On! http://albertpeia.com/potobopopus.htm

Banks Write Legislation Posted by: CalibratedConfidence Post date: 05/24/2013 - ...understand the national threat that is our fragmented and perverted equity market microstructure that is driven by such esoteric order-types such a Post No Preference Blind Limit Order created...

The Fed's Hands Are Tied... Right as the Financial System Begins to Crack Posted by: Phoenix Capital... Post date: 05/24/2013 -  So the Fed is essentially handcuffed at this point. Increasing QE in any way risks a Japan-bond market style rout.  

America's Bubble Economy Is Going To Become An Economic Black HoleSubmitted by Tyler Durden on 05/24/2013 - What is going to happen when the greatest economic bubble in the history of the world pops?  The mainstream media never talks about that.  They are much too busy covering the latest dogfights in Washington and what Justin Bieber has been up to.  And most Americans seem to think that if the Dow keeps setting new all-time highs that everything must be okay.  Sadly, that is not the case at all. Right now, the U.S. economy is exhibiting all of the classic symptoms of a bubble economy. What we are witnessing right now is the calm before the storm.  Let us hope that it lasts for as long as possible so that we can have more time to prepare. Unfortunately, this bubble of false hope will not last forever.  At some point it will end, and then the pain will begin. http://albertpeia.com/usbubbleeconomicblackhole.htm

The Week That Was: May 20th - May 24th 2013Submitted by Tyler Durden on 05/24/2013 - Succinctly summarizing the positive and negative news, data, and market events of the week...

Dead Dog Bounce Deja Vu Ends 2nd-Worst Week Of The Year For StocksSubmitted by Tyler Durden on 05/24/2013 - The 2nd worst week of the year (2nd only to Cyprus) for US equities was accompanied by Treasury buying as the JPY carry trade unwind continues in every risky-or-'yieldy' product. On an admittedly low volume day (typically good for a magical levitation in stocks), Treasury markets closed the day unchanged (and 30Y bonds ended the week unchanged). Stocks bounced after testing yesterday's intraday lows but intriguingly (Mrs. Watanabe?) it was Utilities that were the hardest hit sector on the day as stocks fell back rapidly after bonds closed finding balance at VWAP. The JPY strength weighed on the USD as it fell 0.7% on the week with gold and silver both up notably relative to other asset classes (+1.8% and 0.5% respectively). The last minute of the day saw a ridiculous instantaneous spike to take the S&P 500 to their day-session highs to desparately try to regain green on the day (SPX cash closed -0.87 points). Futures closed green with an 8 point run from 455ET (as we note no credit police were around to stop the idiocy).

Presenting Ben Bernanke's Desktop - Redux Submitted by Tyler Durden on 05/24/2013 - Just as Ben Bernanke's monetary easing program changes with the times (back then he believed it was the Stock that mattered, now it is Flow, but one thing is constant: always moar), so does his computer desktop. And while we know, tentatively, what his preferred computer space looked like three years ago, the times have changed. Behold Ben Bernanke's new and improved PC desktop...

Yet Another Debt Chart That Is Not Big Enough To Fit Japan Submitted by Tyler Durden on 05/24/2013 - By now every single chart laying out every possible permutation of a hopelessly insolvent and overlevered world has been compiled, created, colored and in some cases, animated and socially networked. The following chart showing global debt dynamics over time from the WSJ is no different: it is animated (check) it has lots of pretty colors (check), and it is quite informative because it remembers that in addition to public sector debt, there is a thing called the private sector (sadly it avoids shadow debt: perhaps someone good at making 3D animated charts should take a stab?) and succeeds in incorporating everything in one cool animation. Yet why it may be most memorable, or not as the case may be, is that it is merely the latest chart in a seemingly infinite series which are just not big enough to fit Japan.  Perhaps it is time to make a chart of all the charts that need to be bigger to show the true Japanese state of affirs.  That, or in reverence to the sadist joke, pardon "experiment" (as Jens Weidmann would say) that is Abenomics, we can finally start making bigger charts.

The Rich Actually Are Different Submitted by Tyler Durden on 05/24/2013 - With the long-weekend rapidly approaching, ConvergEx's Nick Colas takes a trip to the Hamptons, but through a time warp back to the Great Depression.  Examining the social registers (colloquially called the “Blue Book”) from 1927 and 1940, he finds that “The great and the good” of the day had real trouble holding their status during the social upheavals of the late 1920s and 1930s.  Only 32% of the families appearing in the Blue Book in 1927 were still there in 1940.  The ratio was even worse, at 29%, for the ultra-elite who belonged to the Meadow Club in Southampton.  It’s too early to tell what the last few volatile years will do to the upper crust of East Coast society, of course.  Or what may still be in store.  But when the hedgie in the Bentley cuts you off on Route 27 this weekend, take some solace in knowing he may not be there in a few years. “Yes, the wealthy are different. Every year there are different wealthy people.”

The Economic Engine Of Europe Is Beginning To Sputter Submitted by Tyler Durden on 05/24/2013 - Despite ultra-low interest rates, practically unlimited liquidity, and a capital market seemingly willing to lend to anyone for anything on any terms, the very heart of Europe's economy - German CapEx on machinery - is falling at a rate faster than during the Tech bust... the tough news for anyone looking for a silver lining is that this just goes to confirm what we saw in US durable goods orders - there is simply no 'decoupling', it is a lead-lag inter-linked global economy.

The Hamptons Weekend Disconnect Submitted by Tyler Durden on 05/24/2013 - Today's binary message to vacuum tubes: "ignore the last available signal that has driven the market for months and make sure stocks close green" - simply just not to leave a bitter taste in the mouths of all those billionaire hedge-funders enjoying the launch of Hamptons season. The other best hope is that volume tapers (sorry Hilsenrath, we just said the word, oops) to zero, in which case the DJIA (now that nobody even pretends to care about the S&P) may just close limit up on a 1-lot trade.

The Latest "Inflation Evasion" Scam: Bars Serving Caramelized Rubbing Alcohol Instead Of Scotch Submitted by Tyler Durden on 05/24/2013 – { Typical jersey! } In the past, food and alcoholic beverage makers got in trouble for attempting to cover the impact of inflation (such as the 12% Y/Y increase in Fed employee salaries) by diluting the content, or simply serving less, of their products while keeping the price constant: the same thing as rising prices, but optically more palatable to less than sophisticated consumers. That was the past. A new breed of industrious, high profit margin-seeking alcohol vendors have decided to skip this protocol entirely and instead of serving booze, have opted to replace the product outright. As AP reports, at numerous New Jersey bars, including 13 TGI Fridays restaurants, owners were accused of substituting cheap booze while charging premium prices. The profitability at all costs situation was so bad that at one bar, a mixture that included rubbing alcohol and caramel coloring was sold as scotch. In another, premium liquor bottles were refilled with water — and apparently not even clean water at that.

RANsquawk Weekly Wrap - 24th May 2013Submitted by RANSquawk Video on 05/24/2013

What If Stocks, Bonds and Housing All Go Down Together? Submitted by Tyler Durden on 05/24/2013 - The problem with trying to solve all our structural problems by injecting "free money" liquidity into financial Elites is that all the money sloshing around seeks a high-yield home, and in doing so it inflates bubbles that inevitably pop with devastating consequences. As noted yesterday, the Grand Narrative of the U.S. economy is a global empire that has substituted financialization for sustainable economic expansion. In shorthand, those people with access to near-zero-cost central bank-issued credit can take advantage of the many asset bubbles financialization inflates. Those people who do not have capital or access to credit become poorer. That is the harsh reality of neofeudal, neocolonial financialization. It is widely accepted as self-evident that all these bubbles will not pop because the central banks won't let them pop. That's nice, but if this were the case, then why did stocks crater in 2000-2001 and 2008-2009, and why did the housing bubble implode in 2008-2011? Did they change their minds for some reason? No; they assured us right up to the moment of implosion that everything was fine, there was no bubble, etc. The only logical conclusion is that bubbles pop even though central banks resist the popping with all their might.

Explaining This Week’s Market Jitters In One Chart Submitted by Tyler Durden on 05/24/2013 - Presented with no comment...

"Get To Work, Mr. Portfolio Manager" - Federal Reserve Profits Plunge Even As Salaries SurgeSubmitted by Tyler Durden on 05/24/2013 - There was something odd in today's quarterly financial report (as of March 31) by the world's largest and most profitable hedge fund: the US Federal Reserve. Despite that its Assets Under Management have grown to a mindblowing $3.4 trillion, or about $700 billion more than this time last year, there was something oddly missing in the reported data: a surge in remittances to the US Treasury, or profits. Well, the Fed did remit some $15.3 billion to the Treasury, so not too shabby, but this was well below the $23.8 billion in Q1 2012 and under half of the remitted profit of $30.7 billion in the previous quarter. Has the world's most profitable portfolio manager, a Princetonian economist who has otherwise never traded one security in his entire life, gone cold? Please Ben, proves us wrong. And while you are at it, get to work, Mr. Portfolio Manager.

BNP Warns On Japanese Repression: Echoes Of The 1940s FedSubmitted by Tyler Durden on 05/24/2013 - 12:12 In the 1940s, the Fed adopted pegging operations to protect the financial system against rising interest rates and to ensure the smooth financing of the war effort. In effect, the Fed became part of the Treasury’s debt management team; as the budget deficit hit 25% of GDP in WW2, it capped 1Y notes at 87.5bps and 30Y bonds at 2.5%. From the massive bond holdings of its domestic banks to its exploding public debt, Japan today faces a situation very similar to the US in the 1940s. When the long-term rate climbs above 2%, the BoJ will probably adopt outright measures to underpin JGB prices to prevent turmoil in the financial system and a fiscal crisis - and just as Kyle Bass noted yesterday, they are going to need a bigger boat as direct financial repression in Japan is unavoidable.

European Bonds Plunge Most In 8 Months, Stocks Worst Week In 2 MonthsSubmitted by Tyler Durden on 05/24/2013 - European stocks fell for a second day-in-a-row (notable in its own right as not having happened for 5 weeks) for the biggest drop in 6 weeks capping the worst week in 2 months. Spain and Italy saw their stock indices drop 3.6% on the week. But it was European banks and peripheral sovereign bonds that saw the most damage. As JPY-funded leveraged momo come rapidly undone, Italian and Spanish bond spreads saw their biggest 2-day drop in 8 months to end back at 5-week highs. EURUSD ends the week up 0.6% (and the JPY +2.2%) as repatriation escalates. Europe's VIX is holding around 18.% (up 2.5 vols on the week).

The Two Charts That Keep Draghi Up At Night Submitted by Tyler Durden on 05/24/2013 -While many would argue that youth unemployment (the real scariest chart here), in fact we suspect it is the following two charts that are really keeping Mario Draghi up at night. The lip service paid by the French and the Germans to growth strategies and youth unemployment pale in relation to the desperation of the European collateralizer-of-last-resort to de-fragment his transmission channels and unleash his own QE to the starving banking systems of Spain and Italy. As BNP notes, recent data on Italian and Spanish banks’ bad and non-performing loans (NPLs) have reignited the debate on the health of the banking sector in the eurozone’s peripheral economies and its implications for the bloc’s credit supply and, ultimately, economic growth. But what is worse is that interest rates on new loans for a company in Italy or Spain are almost double those in Germany and France. It is against this backdrop that Draghi expressed plans to revive the ABS market - but implementation will prove significantly more challenging than market hopers believe (as is clear in credit markets) and direct purchases will probably face vetoes by a number of influential members of the board. To add further salt to these fresh wounds, the FT reports that Spanish banks will need to set aside more than EUR10 billion more reserves to cover the rolling over of EUR 200 billion of 'extend-and-pretend' loans.

Europe Opens $80 Trillion Shadow Banking Pandora's Box: Will Seek To Collapse Repo "Collateral Chains" Submitted by Tyler Durden on 05/24/2013 - In what may be the most important story of the day, or maybe year, for a world in which there already is an $11 trillion shortfall in high-quality collateral (and declining every day courtesy of Ben's monetization of Treasury paper) so needed to support the deposit-free liability structures of the shadow banking system (as most recently explained here), Bloomberg has just reported that Europe may begin a crackdown on that most important credit money conduit: the $80 trillion+ global shadow banking system, by effectively collapsing collateral chains, and by making wanton asset rehypothecation a thing of the past, permitted only with express prior permission, which obviously will never come: who in their right mind would allow a bank to repledge an asset which may be lost as part of the counterparty carnage should said bank pull a Lehman. The result of this, should it be taken to completion, would be pervasive liquidations as countless collateral chain margin calls spread, counterparty risk soars all over again, and as the scramble to obtain the true underlying assets finally begins.

Where's The "Buy The Dip Mentality" Today?Submitted by Tyler Durden on 05/24/2013 - While yesterday saw the mainstream media cock-a-hoop at the fact that we pulled 'off-the-lows' with the phrase "buy the dip mentality" parrotted prayer-like every minute of the afternoon. Overnight shenanigans saw that BTFD mentality come and then quickly go and now the US market is fading fast. USDJPY has broken below 101 and US equity markets are testing below yesterday's lows... Treasury yields are now low on the week for the long-bond; gold and silver are holding up as JPY strength is weakening the USD broadly. Meanwhile, European peripheral debt is getting monkey-hammered (worst 2 days in 8 months)...

These Are The Stocks Most Hated By Hedge Funds: Let The Squeeze BeginSubmitted by Tyler Durden on 05/24/2013 - In a world in which the bipolar, schizophrenic markets are dominated by Mrs. Watanabe's daily gyrations of the USDJPY (in response to Kuroda's daily jawboning) which in turn has become the primary signal feeding ES algos now that fundamentals are no longer relevant and that the EURUSD-ES correlation is dead and burried, there continues to be one, almost assured way to generate alpha for those so inclined to gamble with the fastest of the vacuum tubes out there: going long the most shorted stocks, which have become the most convex way of betting that Ben Bernanke will continue to dominate the hedge fund league tables as the world's most accomplished portfolio and risk manager. Indeed, using our previous representations (Q3 2012, Q4 2012) of the most shorted stocks to generate a "long basket" and sitting it out, has generated some 40%+ annualized returns without fail. Which is why it is now time to look at the most recent roster of stocks most hated by the hedge fund community, which slowly but surely is converting into the much maligned "long onlies" as abandoning hedges is the only way to at least catch up with the market, if not overtake it.

Spot The Trend In US Durable Goods And CapEx Spending Submitted by Tyler Durden on 05/24/2013 - The trend is quite clear.

The Housing UnRecovery Is Here: Architectural Billings Plunge Most Since 2008 Submitted by Tyler Durden on 05/24/2013 - Not only is this 'housing recovery' being built without the use of Lumber (as we explained here), but Architects are no longer useful either. The last two months - as homebuilder stocks surge and house prices spike - has seen Architectural billings plunge by the most since November 2008. The current level of activity is at its lowest since June 2012 - hardly indicative of the rampaging rapacious demand for homes that we are spoon-fed day after day...

Nikkei Futures Resume Plunge Submitted by Tyler Durden on 05/24/2013 - Japanese stocks had another violent night with record trading volumes on the TOPIX. The early 'buy the dip mentality' rapidly escalated into sell-Mortimer-sell as the Nikkei 225 dropped another 1000 points after the lunch break. A late day recovery managed to close the index just in the green and all could relax that the world was once again a better place thanks to Abenomics. However, since Japan closed, Nikkei futures have been sold aggressively now testing back down towards overnight lows.

The Rout In Spain Submitted by Tyler Durden on 05/24/2013 - Spain has already gone bankrupt. It is not spoken of in this fashion, no one mentions it in public but that is the truth of it. The money, some $172 billion, was funneled to the banks and not to the sovereign in one more European ruse to distract everyone but the results are the same. Now it is becoming apparent that even this amount of money was not enough so more will have to be given. The money will go to the Spanish banks, the debt will be guaranteed by Spain, the contingent liability will not be counted as part of Spain's debt to GDP ratio but we will know the truth of it. Whatever direct money from Spain that goes into their banks will be called an "investment" and put on the left side of their balance sheet as an asset and the mockery will continue but I can still read a ledger; thank you very much.

Why Italian Bonds Have A Long Way Down To GoSubmitted by Tyler Durden on 05/24/2013 - As we hinted last night, and as the market is starting to realize, one of the bigger downstream casualties of the first rumblings that Abenomics is starting to crack, have been peripheral bond yields, with Spanish, Italian and Portuguese yields all wider by 10 bps and rising. However, that is only half the story. The other half is that, with its usual 6-8 week delay, the market is finally grasping the biggest danger in Europe - one which we have been pounding the table on week after week after week (most recently here): the soaring non-performing loans held by European banks. In fact, it took the FT to confirm what we have been warning about all along. And just so the market has a sense of how much downside may be imminent if indeed reality reasserts itself and frontrunning the Japanese carry trade both occur at the same time, here is a rather unpleasant chart courtesy of Diapason, of what expects all those who bought up Italian bonds in the recent dash-for-trash, oblivious of the collapsing fundamentals, and driven purely by FOMO. The downside could be big to quite big.

Frontrunning: May 24

Submitted by Tyler Durden on 05/24/2013 - 07:31

The deeper agenda behind "Abenomics" (Reuters)

BoJ governor Haruhiko Kuroda promises to stabilise bond market (FT)

Obama Sees Sunset on Sept. 11 War Powers in Drone Limits (BBG)

Lower CPMs for everyone: FTC Begins Probe of Google's Display-Ad Business (WSJ)

Apple’s Tax Magic Leaves Irish Bondholders Unmoved (BBG)

Asia Goes on a Debt Binge as Much of World Sobers Up (WSJ)

All hail Gazpromia: UK gas supply six hours from running out in March (FT)

Spain’s banks face €10bn more provisions (FT) ... and then more, and more, and more

Truck strike may have caused Washington state bridge collapse, officials says (Reuters)

P&G Says A.G. Lafley Rejoins as Chairman, CEO (BBG)

Five Key Things About the SAC Insider Case (BBG)

Detroit Mulls Selling Art to Help Pay City’s Debt

My Fox Detroit | Officials say the Detroit Institute of Arts’ collection could be sold to help satisfy creditors.

Japan market plunge sparks global sell-off; U.S. stocks dip, rebound

L.A. Times | Wall Street followed Europe in a broad sell-off following a 7.3% overnight plunge in Japan’s stock market.

Millions falling into poverty in recession-racked Italy: report

Reuters | Millions of Italians cannot afford to heat their homes properly or eat meat as their country is racked by recession and soaring unemployment.

German Firms Flee to U.S. to Avoid Staggering “Green” Energy Costs

William F. Jasper | Chancellor Angela Merkel’s “renewable energy revolution” is killing the German economy, but Obama and Greens keep pointing to Germany’s debacle as the model we should follow.

Are Covert Operations Underway In The Global Currency Wars?

Zero Hedge | Foreign exchange intervention has always been and remains an important economic policy tool.

Bernanke out by August, QE ends, rates up: Crash

MarketWatch | Prepare now because easy money will dry up.

NBC News: “Stock Up On Canned Goods”

Mac Slavo | On May 31, 2013 asteroid 1998-QE2 will be passing earth at a distance of approximately 3.6 million miles.

(5-24-13) Dow 15,303 +8 Nasdaq  3,459 -1 S&P 500  1,649 -1 http://albertpeia.com/todaysbusinesssummarylinks.htm [CLOSE- OIL $94.35 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.83 (**The BTU-adjusted price of E-85 is the nationwide average price of E-85 adjusted to reflect the lower energy content as expressed in British Thermal Units - and hence miles per gallon - available in a gallon of E-85 as compared to the same volume of conventional gasoline…’ so adjusted=$4.00 – higher real than quoted price for respective states including CA, infra – another manipulation for the ‘feel good’ effect despite the inflationary over-printing of weimar dollars/currencies)(reg. gas in LAND OF FRUITS AND NUTS  $4.65 REG./ $4.75 MID-GRADE/$4.90 PREM./ $4.76  DIESELL) /  GOLD $1,386 (+24% for year 2009) / SILVER $22.35 (+47% for year 2009) / PLATINUM $1,449 (+56% for year 2009)  Metal News for the Day / DOLLAR= .77 EURO, 101 YEN, .66 POUND STERLING, ETC. (How low can you go LOWER)/  Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10YR NOTE YIELD 2.01% AP Business Highlights ...Yahoo Market Update… This Is a Secular Bear Market and The End of Buy and Hold … and Hope   The bull market that never was/were  beyond wall street b.s. when measured in gold ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression…  thecomingdepression.net The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

Are We Entering The Worst Period For Natural Disasters In U.S. History?

http://albertpeia.com/usnaturaldisasters.htm

The Colorado River, The High Plains Aquifer And The Entire Western Half Of The U.S. Are Rapidly Drying Up

http://albertpeia.com/dry.htm

BReaKiNG NiKKei... Submitted by williambanzai7 on 05/23/2013 http://albertpeia.com/breakingnikkei.htm

Will It Be Inflation Or Deflation? The Answer May Surprise You

http://albertpeia.com/inflationdeflation.htm

{ I believe he is correct; both, america having adopted the zimbabwee economic/fraud model. }

America’s Bubble Economy Is Going To Become An Economic Black Hole

http://albertpeia.com/usbubbleeconomicblackhole.htm

ZiG ZaG BeN... Posted by : williambanzai7 Post date: 05/22/2013 - Protect America, report all market contrarian activities! http://albertpeia.com/ziggyzagben.htm

INTRoDuCiNG EURO CRiSiS CouTuRe 2013... Posted by: williambanzai7 Post date: 05/21/2013 - They've got the look! http://albertpeia.com/eurocrisiscouture.htm

Hyperinflation – 10 Worst Cases Posted by: Pivotfarm Post date: 05/22/2013 - Inflation is hot property today, hyperinflation is even hotter! We think we are modern, contemporary, smart and ready to deal with anything. We’ve got that seen-it-all-before, been-there-done-it...

Argentine Inflation: It’s Tough When All You Get Is Lies Posted by: testosteronepit Post date: 05/22/2013 - But 34.9%?

Fed Stimulus Still Needed to Help Recovery, Bernanke Says { Come on … there’s been no real recovery … he really means more cover for his and wobama’s unequivocal failure and more money for the paper frauds on wall street who the fed’s orchestrated, manipulated slamdown of gold/precious metals was meant to fraudulently help. } NY Times | Despite recent improvement in the job market, the Federal Reserve needs to continue its stimulus efforts to avoid endangering the recovery says Bernanke.

7 Things About The Mainstream Media That They Do Not Want You To Know

http://albertpeia.com/7thingsaboutmainstreammedia.htm

MarketWatch Moody's could downgrade U.S. debt in 2013: report

TiCKeTS FoR THe FiaT BaBY... Posted by : williambanzai7 Post date: 05/20/2013 - "Money power denounces, as public enemies, all who question its methods or throw light upon its crimes."--William Jennings Bryan http://albertpeia.com/thefiatbaby.htm

10 Amazing Charts That Demonstrate The Slow, Agonizing Death Of The American Worker

http://albertpeia.com/deathoftheamericanworker.htm

THe MaSTeR & APPReNTiCe...con't Posted by: williambanzai7 Post date: 05/16/2013 - We're not going to have another Watergate in our lifetime. I'm sure.--Bob Woodward History does not repeat itself, but it does rhyme.--Mark Twain http://albertpeia.com/masterapprentice.htm

THe PRoCToLoGiST MaY 2013... Posted by : williambanzai7 Post date: 05/17/2013 - And the Sacred Dow... http://albertpeia.com/proctology.htm

FiNaNCiaL TeRRoRiSM AND PoLiTiCaL SeX MaP... Posted by : williambanzai7 Post date: 05/18/2013 - 09:37 Crazy ant version... http://albertpeia.com/proctology.htm

More Foreclosures and Suicides than During the Great Depression Posted by: George Washington Post date: 05/17/2013 - Read 'Em and Weep

Wal-Mart Warns of a Slowdown Posted by: Phoenix Capital... Post date: 05/17/2013 - So much for the “recovery” theory. If you look at the real economy, things are getting worse and worse. When even Wal-Mart reports that people are spending less (remember that...

IRS Official In Charge During Tea Party Targeting Now Runs Health Care Office Submitted by Tyler Durden on 05/17/2013 - We’d like to say that the following is unbelievable, but it’s not.  Unfortunately, it is all too believable.

The 2013 Terrorism & Political Violence Map Submitted by Tyler Durden on 05/17/2013 - The following map (via AON) measures the risk of political violence to international business in 200 countries and territories, based on three icons indicating the forms of political violence which are likely to be encountered: Terrorism and sabotage; Strikes, riots, civil commotion and malicious damage; and Political insurrection, revolution, rebellion, mutiny, coup d'etat, war and civil war.

Top Constitutional Experts: Obama Is Worse than Nixon Posted by : George Washington Post date: 05/15/2013 - Objective Analysis: Obama Versus Nixon

An Interview With Barack Obama About The IRS Scandal, AP Phone Records And Benghazi

http://albertpeia.com/obummerirsapbenghazi.htm

An Even Bigger Scandal: Why Are IRS Audits Being Used To Punish Obama’s Political Enemies?

http://albertpeia.com/irsauditsusedonpoliticalfoes.htm

{ The time has come to call a spade a spade because the reality is that they are spades! }

No BaNK DePoSiTS WiLL Be SPaReD FRoM CoNFiSCaTioN Posted by: williambanzai7 Post date: 05/15/2013 - It will come as a shock to all of you to know that such daylight robbery is perfectly legal and this has been so for hundreds of years. http://albertpeia.com/bankdepositconfiscation.htm

What Happens When the Bond Bull Market Ends? Posted by: Phoenix Capital... Post date: 05/16/2013 -  Bill Gross, who manages the world’s largest bond fund, has indicated that the 30+ year old super cycle bull market in bonds has ended. This is very bad news for the markets.   Stocks Disconnect From Reality... and Every Other Asset Class -  Investors, take note… stocks are always the last to “get it.” This bubble will end as all bubbles do: in disaster.  

Elizabeth Warren Confronts Eric Holder, Ben Bernanke And Mary Jo White On Too-Big-To-Jail Submitted by Tyler Durden on 05/15/2013 - Elizabeth Warren is one of the few Senators out there pushing to understand why the federal government has created an untouchable class of criminals in America that can do whatever they want whenever they want and, not only get away with it, but also get bailed out when they make mistakes. Now she has written a letter to Ben Bernanke, Eric Holder and Mary Jo White.  My favorite line is: “If large financial institutions can break the law and accumulate millions in profits and, if they get caught, settle by paying out of those profits, they do not have much incentive to follow the law.” Indeed, which is why they don’t.  Full letter embedded below.

Just Plain Silly Submitted by Tyler Durden on 05/16/2013 - Presented with no comment... { The time has come to call a spade a spade because the reality is that they are spades! } http://albertpeia.com/silly.htm

10 Scenes From The Economic Collapse That Is Sweeping Across The Planet

http://albertpeia.com/scenesfromeconomiccollapse.htm

The US Student Loan Bubble Broken Down By State, And Why Washington D.C. Sticks Out Like A Sore Thumb http://albertpeia.com/studentloanbubblebreakdown.htm

THe MaSTeR & APPReNTiCe... Posted by: williambanzai7 Post date: 05/14/2013 - Power corrupts buffoonery... http://albertpeia.com/theimpeachables.htm

WHAT I LEARNED FROM DEAD PEOPLE By Rodney Johnson, Editor, Survive & Prosper
’Dear Al, No, I’m not channeling the movie The Sixth Sense. I don’t see or hear dead people… but I do learn from them.
In this case, it’s regarding the oft-quoted statistic that life expectancy has increased by thirty years since 1900. Back then, people lived to the age of 48. Today they’re living to the ripe old age of 78. That’s weird, don’t you think?
That figure implies that in 1900 there were no “old” people, or that old was anyone near 50. No gray haired people? No 70-year-old grandparents kicking around?
That doesn’t make sense.

So I checked into it…

Sure enough, the average age of death for a man in 1900 was 48. The average age of death for a man today is just over 78. That is indeed a 30-year difference.

HOWEVER…

If I look at the rate of death by age, the numbers get skewed.

Yes, the average age of death in 1900 was 48, BUT over 15% of the deaths occurred before the age of five. This enormous number of deaths before the age of five had the effect of dramatically lowering the average age of death in those days. For many of those who made it past five years old, they survived well into their 70s and 80s, which is much closer to what we’d expect, given our knowledge of relatives and people at the time.

Interestingly, we commonly attribute the extension of life to advances in health science that allow us to live into old age. The reality is that advances in health science stopped us from dying as children.

This is yet another example of misleading averages. When you dig just a little deeper it’s immediately obvious that the average age of death in 1900 is a pretty useless number. The same thing happens in the world of investing...

Since 1926, the average return on large cap stocks has been around 9%. That seems pretty good. I’d like a 9% return each year.

But of course the return is not 9% every year, it’s just the average. In fact, the returns are quite spread out. Technically speaking, the returns have a wide dispersion from the mean. So if the average return is 9%, but there’s a wide dispersion from this number, then how do we know what to expect each year?

Good question.

Most, if not all, financial software uses normal distributions and standard deviations to calculate expected returns for investments. Without getting too complicated, the software assumes that the returns are normally distributed (like a bell curve), with a set standard deviation (or how far each year strays from the expectation of the average).

So the average return of large cap stocks may be 9%, but the standard deviation is 19%.

To be 99% sure that your estimate of next year’s return is correct, you must be willing to accept a range of returns. In this case, that range is three standard deviations above and below the average of 9%. You read that correctly. To be 99% sure – not 100%, mind you – that you have a good estimate of next year’s return on large cap stocks, you must be willing to accept a range of returns from 9% minus 57% (three standard deviations below) to 9% plus 57% (three standard deviations above). In other words, a range of negative 48% to positive 66%, or a 114% spread around the expectation of 9%!

What kind of planning is that?!

Who in their right mind would invest in something with the thought that it’s “okay” to have anywhere from a loss of almost 50% to a gain of more than 60% each year?

That’s crazy!

And yet that’s the exact way most financial software operates.

If you suddenly feel less sure about buying and holding equities, and have less faith in the statement that “over the long term, equities go up,” join the club!

There are better ways.

Instead of simply plodding along, buying and holding with the hope that it all works out in the end, be proactive! Take an active role in estimating the risk and reward potential of markets, industries, and individual securities. Look across the economic landscape at the different forces that are driving markets at the moment and ask yourself: “Does all this make sense?” If the answer is “No,” then you could be set to experience the low end of the expectation range for equities!’ Rodney

Shut Them Down! – Payday Loan Companies Are Making Billions Preying On The Misery Of The Poor

http://albertpeia.com/paydayloans.htm

Did Obama Know Too? IRS Officials Knew Patriots And Tea Party Groups Were Being Targeted 2 Years Ago

http://albertpeia.com/irstargets.htm

A SceNe FRoM KeYNeSiaN HeLL... Posted by : williambanzai7 Post date: 05/11/2013 - The liar, I mean lair of Beezle Ben... http://albertpeia.com/beezlebensatan.htm

Visualizing The Shrinking DollarSubmitted by Tyler Durden on 05/10/2013 - The almighty dollar is looking less mighty these days. By almost every measure, the purchasing power of the US dollar is in precipitous decline. http://albertpeia.com/incredibleshrinkingdollar.htm

MarketWatch Everything is overvalued Rex Nutting Commentary: Bull markets can persist for a long time, just not forever. And not just in stocks.

MarketWatch Mark Hulbert May 10, 2013 Investors can’t beat the machines Commentary: Computer-dominated trading takes over http://albertpeia.com/cantbeatthemachines.htm

HoTRoDDInG THe PoNZi FiNaNCiaL SYsTeM... Posted by : williambanzai7 Post date: 05/10/2013 - An excerpt from today's speech by Dr Sigmund Fraud http://albertpeia.com/hotponzifinancialsystem.htm

Communism For Some, $815 Million For Others: How Mao's Granddaughter "Greatly Leapt Forward" To Untold Riches { Communism/communists are such total b***s***! }

The Number Of US Citizens On Disability Is Now Larger Than The Population Of Greece { “The tremendous increase in people on SSDI is nothing but a gigantic fraud. “ Indeed, the program is rife with unaffordable fraud! }

Are We On The Verge Of Witnessing The Death Of The Paper Gold Scam?

http://albertpeia.com/deathofpapergoldscam.htm

See for Yourself: Syrian Government Likely Did Not Use Chemical Weapons Posted by : George Washington Post date: 05/08/2013 - Who Should You Believe …  The UN Investigator or the U.S.? Why America Fell So Far … So Fast Posted by: George Washington Post date: 05/07/2013 - All Empires Crash Soon After They Reach Their Peak

UNHaPPY EURO AuSTeRiTY DaY 2013! Posted by: williambanzai7 Post date: 05/08/2013 - May Nein 2013... http://albertpeia.com/austerityday.htm

MarketWatch Hunting the last bear Wall Street needs its own Endangered Species Act since it seems everyone is now a bull. By John Nyaradi ‘… It seems that everyone on Wall Street is a bull today as the S&P 500 SPX +0.41% and Dow Jones Industrial Average DJIA +0.32%  have settled into a predictable routine of "another day, another record," despite the steady stream of negative macro economic data.

Bears, now virtually extinct, were hoping instead for a feast as the poor economic reports came pouring in over recent days:

1. April nonfarm payrolls — a mediocre 165,000 payroll jobs added which was celebrated as a huge win by markets last week.

2. ISM nonmanufacturing report showed a decline to 53.1, broadly missing expectations.

3. April manufacturing ISM report posted a drop to 50.7 from 51.3 in March. Because 50 is the threshold which distinguishes contraction from expansion, the April manufacturing PMI fell to just barely within the expansionary range.

4. Euro-zone manufacturing PMI for April declined to 46.7 from 46.8 in March while euro-zone retail sales declined by 0.1% in March. For the 27-nation European Union, March retail sales fell by 0.2%,

5. Euro-zone unemployment came in at 12.1% in March.

6. April's HSBC China Composite PMI (which covers both manufacturing and services) declined to 51.1 from 53.5 in March, indicating the weakest rate of expansion since last October. Hong Kong's PMI also settled into contractionary territory at 49.9, down from 50.5 in March.

Despite all the bad economic news, Wall Street bears look positively cadaverous as financial markets levitate higher and seemingly disconnect from the real economy. This disconnect is generating an expanding discussion, and even a name, "The Great Disconnect," which has followed "The Great Recession," as Wall Street's fortunes look decidedly different from those on Main Street.

Everyone seems to be in agreement that the recent financial levitation has been generated by global central banks, and during his presentation at last week's 10th annual Strategic Investment Conference, presented by Altegris Investments and John Mauldin, Pimco's Mohamed El-Erian emphasized that investors must be ready for the "hand off" by central banks, when the era of assisted support gives way to the era of organic growth.

Even the Oracle of Omaha, Warren Buffett, has joined the discussion by saying that when the Federal Reserve finally raises interest rates from their current near-zero level, it will be the "shot heard around the world".

As the discussion grows louder, the Federal Reserve seems to be coming under ever intensifying pressure, and that was in evidence last week when the Fed announced that it would continue its bond-buying program. known as quantitative easing. Longtime Fed critic Ron Paul emphasized that the program works only to the advantage of big bankers and politicians, while hurting middle-class and impoverished Americans. Warren Buffett echoed a similar theme when he pointed out — at Berkshire Hathaway's BRK.A +0.96% annual shareholders' meeting in Nebraska — that the Fed's quantitative easing program has made life difficult for people who live on fixed-income investments…’ { Modern 1920’s redux … all we need are ‘flappers’! }

Visualizing The Collapse Of Fiat Currencies

Bubble Logic By Harry S. Dent Jr., Editor, Survive & Prosper Wednesday, May 08, 2013

‘Dear Al, Bubble logic has taken over. Everyone (it seems) has put lipstick on the elephant in the room and is now patting themselves on the back. Champaign glasses are clinking, party hats are adorned. Oh happy days!

Of course, I’m talking about the latest surge in markets. Dow over 15,000… S&P 500 over 1,600.

Life is good. The Fed will keep stimulating. Stocks are climbing a “wall of worry.” The economy keeps improving. Look, even the unemployment situation isn’t so bad anymore.

At which point I must stop and ask: has everyone gone nuts?!

This is the way it always looks as a bubble is topping.

ALWAYS.

And history backs me up on that…

The first major bubble in recorded history was the Dutch tulips bubble – tulip mania. Insignificant little tulip bubbles were trading on the first futures markets and investors just started bidding them higher and higher for a few years until they went to more ridiculous levels than any bubble in current times. At the peak, tulip prices rose 20-fold in a single month!

It was the first time that people demonstrated the reality that, as long as other people thought something was worth a lot, prices could go way beyond any rational level, until the bubble burst…

And bubbles always burst. People are greedy little bastards and can’t resist easy profits.

We have seen one bubble after another since the 1980s. There was the 1987 stock bubble. The early 2000s tech stock bubble. The 2006 real estate bubble. The 2007 stock bubble, which was more around emerging markets. Now we have the 2013 bubble.

Since early 2009, stocks have gone up even faster and further than they did in the 2003 – 2007 bubble. But this time, it’s the Fed driving the bus.

Past bubbles were just exaggerations of strong fundamental economic trends. But this one has come from massive injections of money into the economy to keep the banks from failing. That money keeps the economy barely growing, but more importantly, it gets reinvested and pushes up stock prices and financial assets in general.

It’s taking $2 trillion in stimulus – $1 trillion in fiscal deficits and $1 trillion in QE or monetary injections – to create a mere $300 billion in GDP growth. Imagine where our economy would be without such massive stimulus. We’d be in a depression, not just a recession.

This “recovery,” this stock market surge, is entirely generated by government stimulus, here and around the world. But Wall Street doesn’t care. A market on crack, just wants more crack, and they keep getting it.

Our first forecast was that there would be strong resistance at 1,600 on the S&P 500 as that represented a trend-line through the tops of the last two bubbles in early 2000 and late 2007. We call this a megaphone pattern: higher highs in each bubble followed by lower lows in each crash to follow.

Now that this level is broken, we see the next major resistance coming from the Dow again in the months ahead. Should we break that level, then there is no resistance. But we doubt it will. Ultimately we’ll see a major top, likely later this year.
Harry’

SEAL Team 6 Families to Blame Government For Deaths

Paul Joseph Watson | “Never before revealed information” to be aired at press conference.

Robert D. Cubby (Retired Police Captain) ‘It was fitting and gratifying to see after 40 years, that piece of garbage Joanne Chesimard FINALLY declared a terrorist and put on the most wanted list. We knew that 40 years ago but it took this country that long to realize that, yes, this country can produce terrorists capable and willing to kill its citizens and police officers. Her and her group declared war on law enforcement when she killed Werner Foster, NJ State Trooper on the Turnpike during that car stop. Now to treat her like we treat all terrorists. Your days are numbered bitch!!!!!!!!!!’ { I second that emotion and agree 100%! }

{ SEAL TEAM 4 COMMANDING OFFICER BEST KNOWN FOR FINDING & THEN KILLING OSAMA BIN LADEN COMMITS SUICIDE thelastgreatstand.com 25 members of the team who allegedly killed Bin Laden are dead. No conspiracy theory there. Just the facts. You decide. -
“Bin Laden” Heroes Probably Murderered to Keep Them Quiet ... Gordon Duff Veterans Today

FLASHBACK: Eyewitness to OBL Raid Saw Helicopter Explode (TRANSCRIPT) [ As indicated on this albertpeia.com website, I didn’t buy the administration’s desperate and politically opportunist Osama event and still don’t buy it; and further, I believe this! ]Veterans Today | TRANSCRIPT of critical interview with Pakistani eyewitness to Bin Laden raid. Is this the key to SEAL Team 6′s demise?

“Bin Laden” Heroes Probably Murderered to Keep Them Quiet Gordon Duff Veterans Today August 7, 2011 | Some Possibly Killed in Abbottabad Helicopter Crash Months Before. [ As indicated on this albertpeia.com website, I didn’t buy the administration’s desperate and politically opportunist Osama event and still don’t buy it; and further, I believe this! ] Today 31 NATO troops, 20 of them Navy Seals from the Osama bin Laden operation died in what is reported as a helicopter crash in Afghanistan.

‘The chance of this story being true is almost nil. The chances of this being a staged coverup is over 80%. We believe these people were murdered to silence them. This is why.

We have solid information on two areas:

1. Osama bin Laden died in 2001 as an active CIA employee and his body was recovered in Afghanistan and taken to “the sand box.” We were told it was frozen. We have so much verification from this, CIA, ISI, US military and top officials. I have a direct confirmation from Bin Laden’s CIA handler who I grilled mercilessly on this.

2. The Abbottabad operation involved numerous American deaths, witnessed, bodies all over, a helicopter crash. (suppressed translated TV interview below) These bodies were recovered by land vehicle from Islamabad and there was NO “successful” bin Laden operation of any kind. There was and has been a CIA safe house in Abbotabad where terror suspects were stored for years.

This gave the US several areas of severe vulnerability. Generally, Navy Seals are the best people in the world at keeping their mouths shut, these are real team players, as the term “Seal Team” belies.

We at VT were informed that the bin Laden operation was staged at this time, a theatrical farce, to cover the exit of Secretary Gates, the move by former CIA Director Leon Panetta into the DOD as Secretary of Defense and to stem any heroic claims by new CIA Director Petraeus of killing the long dead Osama bin Laden, the long frozen CIA operative.

Petraeus is a possible presidential contender and had to be denied this “gift from heaven,” a fast track to the oval office for sure.

Again, I remind you, I went over specific meetings on bin Laden with his handlers, getting every last detail. I have watched what has gone on, the continuing need to vilify a long dead top CIA operative to provide residual cover for the Bush administration…

The reason? Bush and his cronies are all facing charges of war crimes, not just in minor jurisdictions but heading for the ICC, putting them on the dock with Gaddafi ( a far less harmful character).

As for the timing of this incident? This we will work on. What we can easily surmise is that some of the dead have been dead since their bodies were taken away from the helicopter crash site in Abbotabad.

Who would order such a thing? We are going to have to wait but we are going to find out. However, we expected this, the timing is exactly as predicted. Read full article ‘}

The Price Of Copper And 11 Other Recession Indicators That Are Flashing Red

Michael Snyder | There are a dozen significant economic indicators that are warning that the U.S. economy is heading into a recession. http://albertpeia.com/recessionindicatorsflashingred.htm

11 Reasons Why The Federal Reserve Should Be Abolished

Economic Collapse | If the American people truly understood how the Federal Reserve system works and what it has done to us, they would be screaming for it to be abolished immediately.

New York to sue BofA, Wells Fargo Over Mortgage Practices

Reuters | “Wells Fargo and Bank of America have flagrantly violated those obligations, putting hundreds of homeowners across New York at greater risk of foreclosure.”

Chinese Gold Imports Soar To Monthly Record On Insatiable Demand

Zero Hedge | China is not backing off its gold purchases of the yellow product.

Visualizing The Collapse Of Fiat Currencies

Zero Hedge | Presented with little comment – aside to note, it’s never different this time…

Generation J(obless): A Quarter Of The Planet’s Youth Is Neither Working Nor Studying

Zero Hedge | The world’s population of NEETs (not in employment, education, or training) is a stunning 290 million – or around one-quarter of the world’s youth.

The Price Of Copper And 11 Other Recession Indicators That Are Flashing Red

Economic Collapse | There are a dozen significant economic indicators that are warning that the U.S. economy is heading into a recession. http://albertpeia.com/recessionindicatorsflashingred.htm

(5-8-13) Dow 15,105 +49 Nasdaq  3,413 +16 S&P 500  1,633 +7 http://albertpeia.com/todaysbusinesssummarylinks.htm [CLOSE- OIL $96.69 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.83 (**The BTU-adjusted price of E-85 is the nationwide average price of E-85 adjusted to reflect the lower energy content as expressed in British Thermal Units - and hence miles per gallon - available in a gallon of E-85 as compared to the same volume of conventional gasoline…’ so adjusted=$4.00 – higher real than quoted price for respective states including CA, infra – another manipulation for the ‘feel good’ effect despite the inflationary over-printing of weimar dollars/currencies)(reg. gas in LAND OF FRUITS AND NUTS  $4.65 REG./ $4.75 MID-GRADE/$4.90 PREM./ $4.76  DIESELL) /  GOLD $1,472 (+24% for year 2009) / SILVER $23.89 (+47% for year 2009) / PLATINUM $1,500 (+56% for year 2009)  Metal News for the Day / DOLLAR= .75 EURO, 98 YEN, .64 POUND STERLING, ETC. (How low can you go LOWER)/  Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10YR NOTE YIELD 1.81% AP Business Highlights ...Yahoo Market Update… This Is a Secular Bear Market and The End of Buy and Hold … and Hope   The bull market that never was/were  beyond wall street b.s. when measured in gold ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression…  thecomingdepression.net The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

THe Oracle oF OMaHa... by: williambanzai7 http://albertpeia.com/oracleomahaho.htm

The Price Of Copper And 11 Other Recession Indicators That Are Flashing Red

http://albertpeia.com/recessionindicatorsflashingred.htm

MarketWatch Survive the financial apocalypse Paul Merriman We're heading for a major decline. Here are 9 steps to take to protect yourself.

29 Shocking Facts That Prove That College Education In America Is A Giant Money Making Scam

http://albertpeia.com/collegedscam.htm

The U.S. Government Is Monitoring All Phone Calls, All Emails And All Internet Activity

http://albertpeia.com/usgovmonitoringall.htm

ToNeR MaN... Posted by : williambanzai7 Post date: 05/04/2013 - Calling all Moms... http://albertpeia.com/tonerman.htm

THe HouSe oF JP ENRoN CRoSSWoRD PuZZLe... Posted by : williambanzai7 Post date: 05/06/2013 - QUESTION: Why do idiot shareholders think Jamie Dimon deserves to continue in the dual role of Chairman and CEO? ANSWER: "Because I am richer than you are!" http://albertpeia.com/jpenroncrossword.htm

The Financial Press: A Disinformation Machine Paul Craig Roberts | Let’s take a walk through the BLS report and you can arrive at your own conclusion. { All bad news and these ever more worthless commissioned-paper (actually not even) shares at lightning computerized speed are rallying … just like zimbawee (the best performing stock-market of the decade past) … and just like zimbabwee, they’re all a bunch of niggers on wall street (their QE welfare everyone’s paying for included) … no wonder this country’s done/in protracted decline! This is an all too familiar scam that as before, everyone is and will be paying for. How does it feel to be dumb! [Parenthetically, just this moment, an ‘equities expert’ (on one of those syndicated business programs, NBR-just bought out by cnbc which means they just got a lot dumber and I had to turn it off and will never watch NBR again…nbc is a horrible propaganda network (finishing deservingly last among the so-called ‘majors’), mobsters like trump on that ‘apprentice thing’ with toothy nutcases like gary busey, etc.. ‘No credibility whatsoever and a total joke!) said house prices (as well as the ‘paper shares’, gas, oil, food staples, meat, etc.) are rising (duh! … contraindicated implication-‘happy days are here again’)… riiiiight … just like zimbabwee! How pathetic! ]
Goldman 'Explains' The 'Market': "Best Not To Look A Gift-Horse In The Mouth" ZH { Riiiiight! Sounds like a plan! The ‘gift-horse’ that’s … not a gift-horse at all … You’re paying through your nose and teeth. It was amusing to see mainstream media puzzling over the record high gas prices so early in this time of year, and as well, the coming jump in beef prices. There’s no mystery here! This is the natural and inevitable concomitant to ‘printing presses gone wild’. Not printing presses for product for intellectual consumption; but rather, printing presses (whether by print or computer ledger entry) for those ever more worthless paper fiat dollars backed by nothing but insurmountable debt of a defacto bankrupt nation. Remember: There’s no free lunch … fraudulent wall street’s predictable/intended gain (from QE, currency debasement, etc.) is your substantial pain! It’s the zimbabwee financial model gone american … , Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! } “Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical)…” , Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe. }

MarketWatch The coming June swoon Avi Gilburt The top is not in place yet but this upside wave will be complete in just a few more weeks.

11 Reasons Why The Federal Reserve Should Be Abolished

http://albertpeia.com/fedreserveshouldbeabolished.htm

Just Like Iraq: U.S. Arms Butchers Who Use Chemical Weapons On Civilians … and Then Tries to Frame Someone Else Posted by: George Washington Post date: 05/06/2013 - A Blast from the Past ...

Heading For a 2008-Style Economic Implosion Posted by: Phoenix Capital... Post date: 05/06/2013 - This is how companies deal with economic contractions. They don’t start laying people off en masse… they start cutting work hours bit by bit. The mass layoffs don’t come until the...

PaRTYiNG LiKe IT'S 1929... Posted by : williambanzai7 Post date: 05/03/2013 - Ye Festival of Greater Fools continues... http://albertpeia.com/greaterfoolsdepressionfestival.htm

Where Is The Recovery? A Higher Percentage Of Americans Had Jobs Three Years Ago

http://albertpeia.com/whatrecovery.htm

They Are Murdering Small Business: The Percentage Of Self-Employed Americans Is At A Record Low

http://albertpeia.com/recordlowselfemployed.htm

When Is The Government Going To Shut Down Bitcoin?

http://albertpeia.com/governmentshutdownofbitcoin.htm

Marketwatch You can't trust the media It’s easy to get so caught up in media hype about investing and miss the bigger point, cautions Chuck Jaffe.

Full NFP Preview

Submitted by Tyler Durden on 05/03/2013

Bank of America 125K

UBS 130K

Deutsche Bank 140K

Citigroup 140K

JP Morgan 145K

Goldman Sachs 150K

Barclays 150K

HSBC 170K

DOW 15,000 + TIME TO GET SCARED BY RODNEY JOHNSON, EDITOR, SURVIVE & PROSPER www.survive-prosper.com

‘Dear Al, It’s happened. The Dow broke through the 15,000 mark.

I can only imagine the string of four letter words going through Harry’s mind right now…

He’s in a conference in Orlando, working with business owners and entrepreneurs, but I know he has an eye on his phone, watching the broad market indices hit new highs.

I’ve no doubt he’s railing against the Fed, the ECB, and the BoJ, as each entity (along with other large central banks) has a hand in driving equity prices to crazy highs in the face of anemic economic numbers, all the while siphoning off value from savers and bondholders.

His anger is not abstract.

He’s not ticked because banksters are causing a huge bubble… he’s ticked because of what comes next, and what that means to you and everyday investors.

Stability creates its own instability. It is a weird statement, but it has a lot of power…

Hyman Minsky described the process well. He pointed out that, over time, stability (or the lack of volatility) creates instability because people become accustomed to the status quo and then take on more risk than they should.

Oh, the markets are going up again? Of course they are. The Fed is printing $85 billion a month to make sure of it.

Are the manufacturing and trade numbers bad? No worries, the markets are going up again anyway; the Fed is making sure of it.

Is the European Union (EU) is in recession? No problem, the ECB has pledged to take care of it, and the markets are going up again…

At this point we all know the game. Whatever happens, wherever on the planet it happens, the markets won’t go down because the Fed doesn’t want them to. Right up until the system collapses on itself, that is.

Right up until people realize that we added jobs, but fewer jobs than the number of people who joined the labor force.

Right up until people realize that we added 278,000 part-time jobs because people couldn’t find full-time work.

Right up until people realize that unemployment in the EU is now over 12% and going higher.

Right up until people recognize that the EU is in recession.

But until then, the markets are marching higher, propped up by the central banks around the world, who continually tell us not to worry, because they’re here to make sure nothing bad ever happens.

The longer this situation goes on, the worse the eventual downturn becomes. THAT is what makes Harry so angry.

This knowledge is not lost on central bankers. They are not dumb. Why would they continually feed crack to an addict, when the obvious but painful choice should be detox?

Because no one wants to be the person to pull the plug. No one wants to be the person who acknowledges the actual size and scope of the debt crisis that never went away, but was just pushed under the rug and hidden by trillions of newly printed dollars, yen, and euro.

With the markets at new highs today, the path isn’t clear. How long can central banks keep up the charade? How long will people blindly follow the pied pipers of finance? We don’t know, but we don’t want to be hanging around to find out!

We maintain tight control over our portfolio in Boom & Bust, holding equities that are gaining while the craziness lasts, but focusing mostly on income producing securities that give us some cushion. The goal is to make money while we can, and yet remain vigilant as we watch for the signs to get out.

And we maintain our view that cracks will appear in the markets this summer.

There is definitely greater danger ahead.

Stay alert.
Rodney’

22 Facts That Prove That The Bottom 90 Percent Of America Is Systematically Getting Poorer

http://albertpeia.com/90percentofamericapoorer.htm

MaY DaY, May DaY, MaY DaY!!! Posted by: williambanzai7 - The goal of capitalism is communism....-Timothy Trotski http://albertpeia.com/commayday.htm

THe MoDeRN MoNeY OCToPuS... Posted by: williambanzai7 Post date: 04/30/2013 - How it actually works and the end of Mr Bombhead... http://albertpeia.com/octopussies.htm

Will The New Housing Bubble That Bernanke Is Creating End As Badly As The Last One Did?

http://albertpeia.com/newbubblebigburst.htm

Welcome Back Recession: Chicago PMI Implodes To 49, First Sub-50 Print Since September 2009 Submitted by Tyler Durden on 04/30/2013 - TOTAL COLLAPSE. That is the only way to explain what just happened with the Chicago PMI which imploded from 52.4, and printed at a contractionary 49: the first sub-50 headline print since September 2009. But that's not all: Deliveries, Prices Paid and Production all hit their lowest since 2009; Backlogs posted their tenth month of contraction in the past 12 months. And what's worst for the Department of Making Shit Up, Employment plunged from 551. to 48.7, its third month over month decline. Actually another way to phrase it: complete disaster. Obviously this number explains why S&P should have no problems crossing 1,600 today. Because for that other Department: of Propaganda and Creating money out of thin air, this means only one thing: the Fed is preparing to print ONE KROOGOL MORE!

The Crisis Is Imminent: “When The Real Crash Comes It Will Be Worse Than the Great Depression” Mac Slavo | “The United States is like the Titanic, and I’m here with the lifeboat trying to get people to leave the ship.”

Macro Collapse Pushes S&P 500 To New All-Time Nominal High And Close Submitted by Tyler Durden on 04/30/2013 - "Horrible" PMI, no problem; just add it to the list of macro data that has missed significantly in recent weeks. Bloomberg's US Macro index has utterly collapse in recent weeks - now at its worst level in 7 months but apparently if good is good, bad is better, and totally shitty is absolutely awesome. It would appear the world of nominal equity index chasers is now fully cognizant that the reality of their lemming like herding is based on one simple thing (no matter how much they kick and scream and proclaim wisdom about earnings cycles, growth, margins, transformative energy, or new AAPL products) - and that is... Central Bank promises. If the Fed needed any ammo for tomorrow to hint that there is a time frame longer than infinite and that there is a size of imprudence larger than infinity, then they have it... of course, there is, once gain, very weak volume on this uptick (but like everything else, that doesn't matter either.)

UNPRECEDENTED Shortages Of Ammo, Physical Gold And Physical Silver

http://albertpeia.com/unprecedentedshortages.htm

DeMiSe OF THe GReaT CHaiRSaTaN? http://albertpeia.com/demiseofbenchairsatan.htm

Albert Edwards' Bleak Crystal Ball Reveals Gold Above $10,000; S&P At 450 ; And Sub-1% Bond Yields Submitted by Tyler Durden on 04/25/2013 - "The late Margaret Thatcher had a strong view about consensus. She called it: “The process of abandoning all beliefs, principles, values, and policies in search of something in which no one believes, but to which no one objects.” The same applies to most market forecasts. With some rare exceptions (like our commodity analysts? recent prescient call for a slump in the gold price), analysts don?t like to stand out from the crowd. It is dangerous and career-challenging. In that vein, we repeat our key forecasts of the S&P Composite to bottom around 450, accompanied by sub-1% US 10y yields and gold above $10,000."

Child Hunger Is Exploding In Greece – And 14 Signs That It Is Starting To Happen In America Too

http://albertpeia.com/childhungeringreeceandamerica.htm

America The Fallen: 24 Signs That Our Once Proud Cities Are Turning Into Poverty-Stricken Hellholes Submitted by Tyler Durden on 04/24/2013 - What is happening to you America?  Once upon a time, the United States was a place where free enterprise thrived and the greatest cities that the world had ever seen sprouted up from coast to coast.  Good jobs were plentiful and a manufacturing boom helped fuel the rise of the largest and most vibrant middle class in the history of the planet.  Cities such as Detroit, Chicago, Milwaukee, Cleveland, Philadelphia and Baltimore were all teeming with economic activity and the rest of the globe looked on our economic miracle with a mixture of wonder and envy.  But now look at us.  Our once proud cities are being transformed into poverty-stricken hellholes. We are in the midst of a long-term economic collapse that is eating away at us like cancer, and things are going to get a lot worse than this.  So if you still live in a prosperous area of the country, don't laugh at what is happening to others.  What is happening to them will be coming to your area soon enough. http://albertpeia.com/americanhellholes.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

IN CaSe You ARe WoNDeRiNG WHaT JuST HaPPeNeD AT AP... Posted by : williambanzai7 Post date: 04/23/2013 - A Banzai7 exclusive... http://albertpeia.com/hackflashcrash.htm

Visualizing Life In America From 1983 To Today Submitted by Tyler Durden on 04/23/2013 - A lot has changed in 30 years - from Miami Vice and Flashdance to Hunger Games and Taylor Swift; but away from the end of legwarmers (and rolled-up jacket sleeves), GDP has more than tripled from $3.5 trillion as household incomes, home prices, and employment have shifted dramatically but not equally... http://albertpeia.com/lifeinus1983tonow.htm

America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc.

http://albertpeia.com/usno1.htm

Mourn For America: Whenever A Tragedy Happens They Take Even More Freedom From Us

http://albertpeia.com/mournforamerica.htm

TWo KiNDS OF TeRRoRiSTS... http://albertpeia.com/2kindsofterrorists.htm

EVoLuTioN oF A EURO SWiNe... http://albertpeia.com/euroswine.htm

17 Unanswered Questions About The Boston Marathon Bombing The Media Is Afraid To Ask

http://albertpeia.com/17unansweredquestionsmediaafraidtoask.htm

10 Signs The Takedown Of Paper Gold Has Unleashed An Unprecedented Global Run On Physical Gold And Silver

http://albertpeia.com/globalrunonphysicalgoldsilver.htm

MeSSaGe To Mr KRuGMaN... Posted by : williambanzai7 Post date: 04/19/2013 - From Chinese Gold Exchange... http://albertpeia.com/feddykrugerands.htm

MarketWatch Paul B. Farrell America needs a new war Commentary: Any one of these 10 flash points could trigger it, saving capitalism from itself. { I’m really disappointed by this article and will no longer follow or post links to farrell’s articles. Even if in jest, an exercise in sarcasm, or sophistry at its worst, such position is so absolutely uncivilized and in such poor taste and without any intellectual foundation that I must wonder how MarketWatch hasn’t really ‘watched’. I want to know what wars farrell’s fought in, or how many of his own children have died in same. I’m staunchly against communism which I’ve made no secret; but if farrell’s specious reasoning was correct (it’s not, economically and otherwise, but quite Orwellian), I honestly would then say, ‘Let capitalism die’! }

Why Are The Banksters Telling Us To Sell Our Gold When They Are Hoarding Gold Like Crazy?

http://albertpeia.com/bankstershoardinggold.htm

Marketwatch 4 reasons you can’t trust earnings numbers Paul B. Farrell No reason for stock optimism
Commentary: You know theearnings books are cooked but your brain gets misguided anyway. 4 strategies for the coming crash Paul B. Farrell … The market sinks deep into its third bear of the 21st century. Wall Street loses another $10 trillion of our retirement money… http://albertpeia.com/4strategiesforcomingcrash.htm

As Long As You Never Use It… It’s a Great Deal By Rodney Johnson, Editor, Survive & Prosper The Great Disconnect Ahead of the Curve with Adam O'Dell http://survive-prosper.com http://albertpeia.com/greatdisconnectandgreatdealsnot.htm

MarketWatch A 1998 danger signal resurfaces Michael Casey Commentary: As the yen slides, events of October 1998 should serve as a warning to markets.

The Little Boys Who Can’t Harry Dent http://survive-prosper.com http://albertpeia.com/littleboyswhocant.htm

BiT BuBBLe MaDNeSS... Posted by : williambanzai7 Post date: 04/10/2013 - Good ideas are not impervious to the madness of crowds.--WB7 http://albertpeia.com/bitbubblemadness.htm

A LeVeL PLaYiNG FieLD... Posted by: williambanzai7 Post date: 04/10/2013 - Tilted to the victors and... http://albertpeia.com/fraudcorruptionspoils.htm

Fed Releases Names Of Early FOMC Minutes Recipients: Include Employees Of Goldman, Barclays, JPM, Law And PE Firms Submitted by Tyler Durden on 04/10/2013 - We will release the full list of named recipients once we get it, but here is what we now for now, via BBG and CNN: *EMPLOYEES AT GOLDMAN SACHS, BARCLAYS, JP MORGAN, CITI, NOMURA, UBS, HSBC RECEIVED FED MINUTES EARLY YESTERDAY *MOST OF THE BANK EMPLOYEES APPEAR TO WORK IN GOVERNMENTAL RELATIONS (Lobbies) *ABA, SIFMA, SENATE STAFFERS RECEIVED FED MINUTES EARLY *FED NAMES 154 RECIPIENTS OF EARLY RELEASE OF FOMC MINUTES *FED MINUTES SENT EARLY TO BANKS, LAW FIRMS, PRIVATE EQUITY *FED EARLIER SAID RELEASE WENT MAINLY TO CONGRESS, TRADE GROUPS *NONE OF THE PEOPLE ON THE LIST ALERTED THE FED THAT THEY RECEIVED NONPUBLIC INFO A DAY EARLY In other words: absolutely everyone who trades risk assets for a living.

MarketWatch U.S. stocks rise on ‘buy-the-dip’ mentality { Yeah … riiiiight … we’ve heard that one before, along with the Brooklyn bridge, watches, and jersey swampland (post-Sandy) they’re selling! }

THe END oF MF GLoBaL - The swindling art is in his tentacles... http://albertpeia.com/endofmfglobal.htm

This is the Worst Trade Off – Ever By Harry S. Dent, Jr., Editor, Survive & Prosper http://survive-prosper.com http://albertpeia.com/worsttradeoffever.htm

Where Do The Rich And Poor Live? - From counties with a 50%-plus poverty rate to counties with over 20% of household incomes over $200,000, the United States is increasingly becoming a divided union. But all the time American Idol is on, and the iPad is still running, Aldous Huxley's vision of a 'numb' society (as opposed to an Orwellian 1984 'imposed' utopia) seems more and more realistic. http://albertpeia.com/whererichandpoorlive.htm

All Over America Evangelical Christians Are Being Labeled As “Extremists” And “Hate Groups”

http://albertpeia.com/christianslabeledextremistshategroups.htm

This Is What It Feels Like To Have Your Life Savings Confiscated By The Global Elite

http://albertpeia.com/savingsconfiscation.htm

Cyprus-Style “Bail-Ins” Are Proposed In The New 2013 Canadian Government Budget!

http://albertpeia.com/canuckleheads.htm

ACTa EST FaBuLa... Posted by: williambanzai7 Post date: 03/29/2013 - Meet The Last Schtuppers... http://albertpeia.com/schtupped.htm

GReaTeR FooL'S DaY 2013... Posted by: williambanzai7 http://albertpeia.com/greaterfoolsday2013.htm

The Easter Bunnies Posted by: williambanzai7 http://albertpeia.com/easterbunnies.htm

‘THE MAN WHO PREDICTED JAPAN’S LOST DECADE… THE RECESSION OF 1990-92… THE BIGGEST BULL MARKET RUN IN U.S. HISTORY… AND MOST RECENTLY, THE 2008 CREDIT CRISIS AND STOCK MARKET CRASH… NOW PREDICTS:

"DOW 3300!" http://albertpeia.com/dow3300.htm

Yes, today the Dow Jones Average may be near historic highs…
but it won’t be for long! The Dow will drop.

Unemployment will move higher again, to roughly 15% nationwide. It could go as high as 25%

when you include long-term unemployed in the numbers.

Housing prices will fall an additional 30%, despite the biggest stimulus plan in history and the

lowest mortgage rates in 40 years.

Personal bankruptcies and property foreclosures will soar as much as 30%. Consumers are

simply saddled with too much debt — $42 trillion or $140,000 for every man, woman and

child in America — for there to be any other outcome. Falling income will only make matters

worse.

State and municipal governments will be forced into default, especially at the city and country

level. Their budgets are already in crisis and the Federal Reserve is running out of money with

which to cushion these institutions.

The Federal deficit will balloon from $1.3 trillion to as much as $3 trillion because of huge revenue

shortages.

The global credit crisis – phase II – will continue to spread around the globe like a contagious

virus. Greece is already down. Spain will be next.

A second banking crisis will out, despite the lessons “learned” in 2008. Mortgage companies have

resumed offering low interest, no principal “teaser” loans. Investment banks have begun taking unnecessary risks again. And this time, there’ll be no money for a bailout.

ALL OF THIS WILL SEND THE DOW AND OTHER INDEXES TUMBLING AS MUCH AS 70%. IN FACT, WE EXPECT THE DOW TO PLUNGE BACK DOWN TO 3,300 BY LATE 2014.

Ya CaN'T BeaT THe HouSe... Posted by : williambanzai7 Post date: 03/28/2013 - Tell the man somebody here, you can't beat the house... http://albertpeia.com/housebeat.htm

The Global Elite Are Very Clearly Telling Us That They Plan To Raid Our Bank Accounts

http://theeconomiccollapseblog.com

http://albertpeia.com/elitesraidingbankaccounts.htm

{ 30 Population Control Quotes That Show That The Elite Truly Believe That Humans Are A Plague Upon The Earth http://albertpeia.com/humanplagueonearth.htm , http://albertpeia.com/45signsamericatinyelitemajoritypoor.htm , Corporatism: A System Of Control Designed By The Monopoly Men Of The Global Elite http://albertpeia.com/corporatistcontrol.htm , 29 Signs That The Elite Are Transforming Society Into A Total Domination Control Grid http://albertpeia.com/dominationcontrolgrid.htm { First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently, primitive apes. See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. } [ 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said: The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing
http://albertpeia.com/planetalreadyruined.htm ] The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

A DRaGHi IN THe HeaDLiGHTS... Posted by : williambanzai7 Post date: 03/23/2013 - WARNING: BANZAI7 SUNDAY AM FOOD AND BEVERAGE WARNING IN EFFECT... http://albertpeia.com/dragoonsintheheadlights.htm

Words Of Warning: Get Your Money Out Of European Banks

http://albertpeia.com/warninggetmoneyoutofbanks.htm

60 Completely Outrageous Ways The U.S. Government Is Wasting Money

http://endoftheamericandream.com

http://albertpeia.com/60outrageouswaysgovwastesmoney.htm

Krugman's "Smoot-Hawley Moment" Posted by : Bruce Krasting Post date: 03/25/2013 - This is what the world's "smartest" economist is calling for. http://albertpeia.com/krastingalloverkrugman.htm

BLaCKSWaN DiJSSeLBooM! Posted by: williambanzai7 Post date: 03/25/2013 - Who said the circus left town? http://albertpeia.com/blackswan.htm

5 things you can't resell Marketwatch: Despite Supreme Court ruling upholding resales, some items cause trouble. ‘A U.S. Supreme Court ruling earlier this week was a big win for consumers who value the right to resell products they have purchased — even if they bought them abroad. In the case in question, publisher John Wiley & Sons accused a former college student of infringing on its copyright when he bought less-expensive Asian versions of the publisher’s textbooks and then resold them to U.S. students on eBay. (The books, it said, were meant to be sold only in certain regions.) The court held that the so-called “first sale” doctrine — which allows that once a company sells a copyrighted product, the purchaser has the right to later resell it — applies even if the product was produced outside the U.S. But it’s not a universal right. There are some notable exceptions of items that, once bought, aren’t so easy to unload.’ — Kelli B. Grant

FiNaNCe IS THe CoNTiNUaTION OF WaR... Posted by : williambanzai7Post date: 03/22/2013 - By other means. http://albertpeia.com/financewar.htm

{ I no longer will be following Phoenix Capital Resources … too much advertising … too much propaganda … too little meaningfully relevant substance (america et al’s problems are huge). After all, with all china’s faults, not the least of which is communism (I’m definitely not their advocate), one must realistically ask, ‘what nation(s), based on lies and for the sake of military industrial complex profits (as warned against by the great but underrated President General Eisenhower) has been engaged in Orwellian perpetual war despite defacto bankruptcy and pervasive corruption’? Not China… Eureka! Amerika et als! Inflation Calls BS on the China “Miracle” http://albertpeia.com/inflationinchina.htm { For the first time I’m constrained to label a piece by Mr. Summers wishful thinking and a u.s. government propaganda piece at best. While aptly pointing out chinese corruption and fraud as is particularly pervasive in america, he conveniently ignores the success of their primitive, basic, simplistic capitalist business model of low costs (primarily labor, materials, etc.) fueled particularly ab initio by american greed. Go to any store and pick up nearly any product and the likelihood of ‘made in china’ is upwards of 95% (then as well, as with apple, taking into account components). Clearly, Mr. Summers lacks depth of understanding/knowledge concerning costs of tooling, retooling, and manufacturing generally, as well as cost accounting among other business/finance disciplines. As regards their nominal communist system, I remain staunchly opposed to the invariable lie of communism, although the meaningfully lawless (‘too big to fail or jail’) and corrupt, oligarchical crony faux capitalist welfare dependent failing (and ever more socialist) system in america is hardly a laudable alternative. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm . The point is, america’s substantial problems are not the result of Chinese corruption; but rather, plain old american pervasive corruption and criminality. }

Marketwatch No stock in Social Security Henry Hebeler There are too many risks to start sinking any part of the Social Security fund into equities. { The desperate wall street/government frauds are at it again, sensing the debacle around the corner. And, just as we’d thought we’d heard the last of this preposterously fraudulent idea from war criminal and (fellow, with wobama) failed president dumbya bush. }

Marketwatch Don't jump into stocks Howard Gold Commentary: Now is not the time to get into equities

Mass Panic In Cyprus: The Banks Are Collapsing And ATMs Are Running Out Of Money

http://albertpeia.com/masscollapseincypress.htm

HoT CuTs FoR HoT MoNeY... Posted by: williambanzai7 Post date: 03/21/2013 - Official Haircuts for Depositors. http://albertpeia.com/hotcutshotmoney.htm

Why Is The World Economy Doomed? The Global Financial Pyramid Scheme By The Numbers

http://albertpeia.com/worldeconomydoomed.htm

{ And, truth be told, with just decades left at best, not just the economy! }

Guest Post: How I Became A Trillionaire (And Some Thoughts On Inflation) Submitted by Tyler Durden on 03/20/2013 - These photos illustrate the fundamentally arbitrary nature of fiat (paper) money. Why do we prefer the $100 greenback over the $100 trillion note issued by the Reserve Bank of Zimbabwe? The purchasing power of the Benjamin far exceeds the purchasing power of the $100 trillion bill. But the Benjamin is not immune to inflation; the dollar has lost about 95% of its 1900 purchasing power.  If 95% of households are experiencing a loss of purchasing power and most of the new money and credit are flowing to the top 5%, you get asset bubbles, not demand-driven inflation. When 95% of the households are poorer in terms of purchasing power and financial wealth, where can demand-driven inflation arise in a global economy of massive manufacturing and labor over-capacity? The rise in costs within industries controlled by cartels (healthcare, higher education, defense, etc.) may look like demand-driven inflation, but are actually transfers of wealth and purchasing power from households to the government-protected cartels.

La CaGe AuX FooLS... Posted by : williambanzai7 Post date: 03/20/2013 - Meet the Troika Follies! http://albertpeia.com/lacageauxfools.htm

Chief Actuary for SS - Raid the Retirement Fund! Posted by: Bruce Krasting Post date: 03/20/2013 - Lightening does not strike twice in the same place very often, especially in Washington. http://albertpeia.com/governmentraidofssretirementfund.htm

Why You Should Be Terrified Of What Just Happened in Cyprus Posted by: Phoenix Capital... Post date: 03/20/2013 -   The simple fact remains that politicians proposed stealing savings deposits from the people in order to fund a bank bailout. You can dress this idea up however you like, calling it a... http://albertpeia.com/terrorofterroristthieves.htm

It’s Time to Collapse the System Posted by : Gordon_Gekko Post date: 03/20/2013 - If you don’t collapse the system, the system will collapse you.

CIA and FBI Counter-Terrorism Officials: Cheney Lied About 9/11 Hijacker Posted by: George Washington Post date: 03/20/2013 - Cheney Caught In Another Major Lie ‘Preface: Obama is worse. Everyone knew that Iraq did not possess weapons of mass destruction (update here). Dick Cheney admits that he lied about 9/11…..Postscript:  Indeed the entire torture program was implemented in an attempt to justify the Iraq war.  And the 9/11 Commission was set up with false torture testimony.  More background on the Iraq war.

Will The Banking Meltdown In Cyprus Be A “Lehman Brothers Moment” For All Of Europe?

http://albertpeia.com/bankingmeltdown.htm

Could Cyprus Blow Up the Entire Banking System?

http://albertpeia.com/bankingsystemcollapse.htm

INVeRTeD EuRo MaRXiSM... Posted by : williambanzai7 Post date: 03/19/2013 - A fiat accompli! http://albertpeia.com/invertedeuromarxism.htm

BiG PiCTuRe: THe CYPRuS EFFeCT... Posted by : williambanzai7 Post date: 03/18/2013 - So, adding it all up so far, who has gotten the immediate benefit of this Cyprus fiasco? http://albertpeia.com/bigpiccypruseffect.htm

Texas Public School Curriculum Teaches Students To Design A Socialist Flag And That Christianity Is A Cult

http://albertpeia.com/socialistamericanpropaganda.htm

The Great Cyprus Bank Robbery Shows That No Bank Account, No Retirement Fund And No Stock Portfolio Is Safe

http://albertpeia.com/noaccountfundportfoliosafe.htm

After The Banksters Steal Money From Bank Accounts In Cyprus They Will Start Doing It EVERYWHERE

http://albertpeia.com/bankstersstealingagain.htm

The Dark Truth About The Safety Of Your “Savings”

http://albertpeia.com/bankrunsandsystemicfailure.htm

Marketwatch Jeff Reeves 10 signs of a tumble http://albertpeia.com/stockstotumble.htm Commentary: These negative headlines and data point to the end for stock rally. Buckle up for a bumpy stock-market ride

The Biggest Lie Ever Sold to the American Public

http://albertpeia.com/biggestlieevertoldandsold.htm

In Re INa DReW... Posted by: williambanzai7 Post date: 03/15/2013 -It's all Bull S*** folks and its bad for ya!--George Carlin

http://albertpeia.com/jailjamiecorzine.htm

An Orwellian America Submitted by Tyler Durden on 03/15/2013 - The state, crippled by massive deficits, endless war and corporate malfeasance, is clearly sliding toward unavoidable bankruptcy. It is time for Big Brother to take over from Huxley’s feelies, the orgy-porgy and the centrifugal bumble-puppy. We are transitioning from a society where we are skillfully manipulated by lies and illusions to one where we are overtly controlled. We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance... We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance.

17 Signs That A Full-Blown Economic Depression Is Raging In Southern Europe … U.S. Next?

http://albertpeia.com/euusdepression.htm

China Just Sounded a Warning Bell For What’s Coming Our Way

http://albertpeia.com/chinaswarningbell.htm

The Federal Reserve System Is A Massive Wealth Redistribution Scheme

http://albertpeia.com/fedreservemassivewealthredistributionscheme.htm

ALL HaiL THe QUaNTiTaTiVe EaSeRs...AND BeWaRe THe IDeS oF FARCE... Posted by : williambanzai7 Post date: 03/14/2013 - A MESSAGE FROM THE BANZAI7 EMERGENCY FARCECAST SYSTEM... http://albertpeia.com/bewaretheidesoffarce.htm

Denial Is Not Just A River In Egypt: 10 Hilarious Examples Of How Clueless Our Leaders Are About The Economy

http://albertpeia.com/usleaderscluelessoneconomy.htm

Ignoring These Two Warnings Could Cut Your Portfolio by a Third

Could Merkel Pull the Plug on the Euro?

http://albertpeia.com/2warningsandpullingplugoneuro.htm

The Chart That Proves That The Mainstream Media Is Lying To You About Unemployment

http://albertpeia.com/mainstreammediasunemploymentlies.htm

Private Prisons: The More Americans They Put Behind Bars The More Money They Make

http://albertpeia.com/imprisonamerica.htm

11 Things That The Obama Administration Is Doing To Promote More Illegal Immigration

http://albertpeia.com/11thingsosdopromoteillegalimmigration.htm

From: "Adam Green, BoldProgressives.org" <info@boldprogressives.org>
To: Albert Peia <albert_peia@yahoo.com>
Albert...making sure you saw this. Watch Elizabeth Warren grill the bank regulators -- and join her in demanding that Wall Street be held accountable! -- Adam

This today from ZeroHedge.com {So much for their dollar debasing/inflationary/pro-paper-stock-price QE wall street welfare …

Foodstamp Recipients Hit Record, Alongside Record Dow Jones And Record Debt: 20% Of Eligible Americans On EBT Submitted by Tyler Durden on 03/11/2013 - Record Dow Jones, record US debt ($16,701,846,937,879.74), and now, once more, record number of Americans on foodstamps. According to the USDA, an all time high of 47,791,966 Americans closed 2012 in possession of the highly desired Electronic Benefits Transfer (EBT) card, managed by who else but JPMorgan. And with a civilian non-institutional population of 244.4 million in December, this means that a record 19.56% of eligible Americans are on Foodstamps.

As a matter of candor, the following will be among my posts this day:

Private Prisons: The More Americans They Put Behind Bars The More Money They Make

http://theeconomiccollapseblog.com

http://albertpeia.com/imprisonamerica.htm

‘How would you describe an industry that wants to put more Americans in prison and keep them there longer so that it can make more money? { How ‘bout putting them, ie., wall street frauds, mobsters, ie., trumps et als, among many others in prison because they belong there! } In America today, approximately 130,000 people are locked up in private prisons that are being run by for-profit companies, and that number is growing very rapidly.  Overall, the U.S. has approximately 25 percent of the entire global prison population even though it only has 5 percent of the total global population.  The United States has the highest incarceration rate on the entire globe by far, and no nation in the history of the world has ever locked up more of its own citizens than we have.  Are we really such a cesspool of filth and decay that we need to lock up so many of our own people? { Short answer, YES! } Or are there some other factors at work? { That too! } Could part of the problem be that we have allowed companies to lock up men and women in cages for profit?  The two largest private prison companies combined to bring in close to $3,000,000,000 in revenue in 2010, and the largest private prison companies have spent tens of millions of dollars on lobbying and campaign contributions over the past decade.  Putting Americans behind bars has become very big business, and those companies have been given a perverse incentive to push for even more Americans to be locked up.  It is a system that is absolutely teeming with corruption, and it is going to get a lot worse unless someone does something about it { There is no question but that america is pervasively corrupt, and the vast majority inherently criminal! Eric Holder: Some Banks Are So Large That It Is Difficult For Us To Prosecute Them Submitted by Tyler Durden on 03/06/2013 - { Come on! That’s ridiculous and a bald-faced cowardly lie! First, you prosecute the individuals, not necessarily the employing corporation. Sure, there may be derivative liability (pun intended); but, that’s surely no reason not to prosecute. After all, there is a whole history of prosecution of such ‘combines’ of criminality, to america’s growth and betterment as a consequence thereof. Quite simply, it’s the familiar and now pervasive story of plain old american corruption. I mean, come on … from my own direct observation and experience, trump, a corrupt judge here and there, have no such dire, humongous impact on the economy. Rather, it’s the precise opposite that is true; not only from the confidence and salutary expectations created from prosecutions of such ilk; but as well, from the proper allocations of resources created by such prosecutions (crime should never pay, but in america it now does and well at that; and just look at the results in america’s significant decline! That’s just typical, self-serving, lazy jivetalking b***s***!) … Bill Gross Gets It { Gets what? Why is this surprising? With $4 trillion gone missing (still) at the ny fed, americans should not trust the ny fed. Germany’s move is totally rational (A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm ). How can anyone trust fraudulent, thieving americans with their money or gold, particularly in the fraud capital of the world, new york city Michael Savage: Don't trust feds on flu shot...{ Or anything else, for that matter. Indeed, from my direct experience, the actions/inaction of the feds are geared toward making one reliant/dependent upon them (ie., food stamps, faux disability, unemployment comp extensions, ‘protection’ from rampant, blatant crime or not, etc., despite america’s defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence and venality. In fact, stepping back, I have seen first hand those siding with/benefiting from (and the encouraging of more crime), ie., RICO defendants et als, actually rewarded by the pervasively corrupt/defacto bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a combination of and tantamount to what is essentially hush money, bribes, etc.). Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless nation of marauders/thieves that no longer even remotely resembles what it purports to be and arguably once was. Replaying Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } While it is widely assumed that the too-big-to-fail banks in the US (and elsewhere) are beyond the criminal justice system - based on simple empirical fact - when the Attorney General of the United States openly admits to the fact that he is "concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them," since, "it will have a negative impact on the national economy, perhaps even the world economy," one has to stare open-mouthed at the state of our union. It appears, just as the proletariat assumed, that too-big-to-fail banks are indeed too-big-to-jail. The Government Has It Bass-Ackwards: Failing To Prosecute Criminal Fraud by the Big Banks Is Killing – NOT Saving – the Economy Posted by : George Washington Post date: 03/06/2013 - Failure to Prosecute Fraud Causes Economic Downturns Chief Justice John Roberts Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } … Bloomberg To Appeal Halt Of "Arbitrary And Capricious" Decision, Will Fight Valiantly To Curb New York Obesity Submitted by Tyler Durden on 03/11/2013 { You’d think with all the nation-draining crime and fraud in new york, ie., on wall street, mob/mobsters/mafia, trump et als, etc., dumbloomdoomberg would have many more important things to do beyond capriciously, arbitrarily micromanaging people’s soda intake, etc.. Such ineffectual incompetents use such to obfuscate and divert attention from their blatant failure… what next? 1 slice of pastrami instead of 3, 4 inch nathan’s hot dogs, 6 inch diameter pizzas, etc.? Ridiculous! }

The Last Laugh: Illinois Pension System Charged For Not Disclosing "Structural Underfunding"Submitted by Tyler Durden on 03/11/2013 - The topic of Illinois' various insolvent pension systems is not news to regular Zero Hedge readers. One needs but to recall our articles from mid/late 2010: "61% Underfunded Illinois Teachers Pension Fund Goes For Broke, Becomes Next AIG-In-Waiting By Selling Billions In CDS", "Illinois' Pension Fund Death Spiral Revisited: "10 Years Of Money Left" or "Illinois Teachers' Retirement System Enters The Death Spiral: AIG Wannabe's Go-For-Broke Strategy Fails As Pension Fund Begins Liquidations" in which we clearly explained how the state's teachers pension fund was systematically doing everything in its power to mask its massive underfunding, and the fact that it was rapidly running out of money. The retiremnet fund, in turn, took things very personally, prompting Dave Urbanek, Public Information Officer at the Teachers’ Retirement System of the State of Illinois (TRS), to write an impassioned response to Zero Hedge denying all allegations. Today, over two years after the above news, the SEC finally concluded their analysis of one part of the massively underfunded Illinois Pension system and found the Illinois failed to inform investors about the impact of problems with its pension funding schedule as the state offered and sold more than $2.2 billion worth of municipal bonds from 2005 to early 2009. The SEC also said Illinois failed to disclose that it had underfunded the state's pension obligations, increasing the risk to its overall financial condition.

Stocks Are At New Highs… But We’re All Poorer For It

http://albertpeia.com/stockshighsfromcurrencyprintingbutwearepoorerandcrashcoming.htm

Should You Move To Another Country To Escape The Collapse Of America? 10 Questions To Ask Yourself First

http://albertpeia.com/10questionsshouldyouescapefromamerica.htm

Are Stocks Cheap? Submitted by Tyler Durden on 03/07/2013 Each and every day, we are bombarded by a never-ending series of asset-gatherers whose sole aim in life is to convince investors to put more money to work. Whether it is because 'we are climbing a wall of worry', whether 'long-term' equity investors always do well, whether the 'cash on the sidelines' is coming out (note - remember there is a seller for every buyer and a buyer for every seller); the most frequently proposed reason for buying stocks is 'because they are cheap'. No matter where they are trading - high or low - they are cheap. Well, in an attempt to suggest otherwise - or at least provide fact rather than accepted wisdom, the following two charts from Morgan Stanley's Adam Parker provide the reality that, in fact, stocks are not cheap - and given where rates are, they are in fact expensive. Empirical fact not fiction.

Marketwatch Paul B. Farrell Your sequestered brain ‘The next crash is coming but few see it. Here's why you're hard-wired to repeat your mistakes.’ http://albertpeia.com/nextcrashcomingfewsee.htm (MarketWatch) — ‘Warning: Forget the cuts, your brain is sequestered. That’s the real problem: Your brain. That’s why the economy and markets will crash, a new Dow high notwithstanding. Why it’s inevitable. Bigger crash than 2008. Longer afterwards. No bank bailouts. Austerity worse than the Great Depression. Hunker down. …’

Dow Down 50% Against Gold Since Last Record Dow in October 2007

Submitted by Tyler Durden on 03/06/2013

Eric Holder: Some Banks Are So Large That It Is Difficult For Us To Prosecute Them Submitted by Tyler Durden on 03/06/2013 - { Come on! That’s ridiculous and a bald-faced cowardly lie! First, you prosecute the individuals, not necessarily the employing corporation. Sure, there may be derivative liability (pun intended); but, that’s surely no reason not to prosecute. After all, there is a whole history of prosecution of such ‘combines’ of criminality, to america’s growth and betterment as a consequence thereof. Quite simply, it’s the familiar and now pervasive story of plain old american corruption. I mean, come on … from my own direct observation and experience, trump, a corrupt judge here and there, have no such dire, humongous impact on the economy. Rather, it’s the precise opposite that is true; not only from the confidence and salutary expectations created from prosecutions of such ilk; but as well, from the proper allocations of resources created by such prosecutions (crime should never pay, but in america it now does and well at that; and just look at the results in america’s significant decline! That’s just typical, self-serving, lazy jivetalking b***s***!) … Bill Gross Gets It { Gets what? Why is this surprising? With $4 trillion gone missing (still) at the ny fed, americans should not trust the ny fed. Germany’s move is totally rational (A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm ). How can anyone trust fraudulent, thieving americans with their money or gold, particularly in the fraud capital of the world, new york city Michael Savage: Don't trust feds on flu shot...{ Or anything else, for that matter. Indeed, from my direct experience, the actions/inaction of the feds are geared toward making one reliant/dependent upon them (ie., food stamps, faux disability, unemployment comp extensions, ‘protection’ from rampant, blatant crime or not, etc., despite america’s defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence and venality. In fact, stepping back, I have seen first hand those siding with/benefiting from (and the encouraging of more crime), ie., RICO defendants et als, actually rewarded by the pervasively corrupt/defacto bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a combination of and tantamount to what is essentially hush money, bribes, etc.). Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless nation of marauders/thieves that no longer even remotely resembles what it purports to be and arguably once was. Replaying Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } While it is widely assumed that the too-big-to-fail banks in the US (and elsewhere) are beyond the criminal justice system - based on simple empirical fact - when the Attorney General of the United States openly admits to the fact that he is "concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them," since, "it will have a negative impact on the national economy, perhaps even the world economy," one has to stare open-mouthed at the state of our union. It appears, just as the proletariat assumed, that too-big-to-fail banks are indeed too-big-to-jail. The Government Has It Bass-Ackwards: Failing To Prosecute Criminal Fraud by the Big Banks Is Killing – NOT Saving – the Economy Posted by : George Washington Post date: 03/06/2013 - Failure to Prosecute Fraud Causes Economic Downturns

Corporatism: A System Of Control Designed By The Monopoly Men Of The Global Elite

http://albertpeia.com/corporatistcontrol.htm

From: "Adam Green, BoldProgressives.org" <info@boldprogressives.org>
To: Albert Peia <albert_peia@yahoo.com>
Sent: Wednesday, March 6, 2013 8:03 AM
Subject: FWD: Grayson MOMENTUM continues!

PS. If you haven't already, sign on to the Grayson-Takano letter against cuts to Social Security, Medicare, or Medicaid benefits. Click here to become a citizen signer. Signed as follows:

They should prosecute the huge wall street frauds in the trillions (as promised but unfulfilled), still extant and now marked to anything as per misguided legislated FASB Rule change, seek disgorgement, fines, and jail time for the perps. Social Security Disability fraud is rampant and should be eliminated. The QE welfare for wall street is bad policy and is resulting in higher than reported inflation with the fiat currency printing/creation/debasement and is following a zimbabwe economic model which led to hyperinflation/disaster but as here, higher manipulated stock prices which is the contraindicated reason for such bad policy.

Sincerely,

Albert L. Peia

Drudgereport: Bull Market Turns 4, Traders Thank Bernanke...
Americans Raiding 401(k)s To Pay Bills At Alarming Rate...

The Last Time The Dow Was Here...

Submitted by Tyler Durden on 03/05/2013

"Mission Accomplished" - With CNBC now lost for countdown-able targets (though 20,000 is so close), we leave it to none other than Jim Cramer, quoting Stanley Druckenmiller, to sum up where we stand (oh and the following list of remarkable then-and-now macro, micro, and market variables), namely that "we all know it's going to end badly, but in the meantime we can make some money" - ZH translation: "just make sure to sell ahead of everyone else", just like everyone sold ahead of everyone else on October 11th 2007, the last time stocks were here...

GDP Growth: Then +2.5%; Now +1.6%

Regular Gas Price: Then $2.75; Now $3.73

Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million

Americans On Food Stamps: Then 26.9 million; Now 47.69 million

Size of Fed's Balance Sheet: Then $0.89 trillion; Now $3.01 trillion

US Debt as a Percentage of GDP: Then ~38%; Now 74.2%

US Deficit (LTM): Then $97 billion; Now $975.6 billion

Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion

The Dow Hits An All-Time High! Translation: A Bubble Is Always Biggest Right Before It Bursts

http://albertpeia.com/bigbubbleburst.htm

30 Facts About The Coming Water Crisis That Will Change The Lives Of Every Person On The Planet

http://albertpeia.com/30factsonwatercrisis.htm

Think This Can't Happen Where You Live? Think Again...

Submitted by Tyler Durden on 03/05/2013

Throughout history, bankrupt governments in decline almost ALWAYS fall back on a time-tested playbook. This includes imposing controls on everything - wage and price controls, trade controls, capital controls, border controls, people controls. Everything. And this idea goes back to the dawn of human civilization. From Mesopotamia to Rome and from France to Argentina, these policies have been a complete disaster for the country. But as the rest of the world looks on, people in ‘rich’ countries foolishly believe that ‘it can’t happen here.’ So, again, if you think that gold criminalization, price controls, and IRA/pension confiscation could never happen where you live, think again. This is wishful, ignorant, dangerous thinking. It can happen. It is already happening.

"Mission Accomplished"

Submitted by Tyler Durden on 03/05/2013

We could tell you all about the fact that high-yield credit did not play along with this rally today (and that the underlying cash market for corporate bonds has been weak for well over a week now); we could note that VIX did not take part in this surge today as the stops were run; we could point to the total lack of volume (NYSE or futures) confirming the move; we could highlight the fact that Treasury yields rose a de minimus 1.5bps on the day and while the USD slipped modestly on the day, it is only down 0.22% on the week and that Gold, Silver, and Oil are all unchanged on the week. But - all that matters, in this headline-driven algo-aided market is - The Dow hit all time highs - 'Mission Accomplished' Mr. Bernanke, well played - record stocks, record debt, record food stamps recipients.

"Enthusiasm", "Greed" Or "Delusion" Phase?

Submitted by Tyler Durden on 03/05/2013 - Presented with no comment... http://albertpeia.com/nicebubblechart.gif

Marketwatch: Why your portfolio can’t perform

{ All bad news and these ever more worthless commissioned-paper (actually not even) shares at lightning computerized speed are rallying … just like zimbawee … and just like zimbabwee, they’re all a bunch of niggers on wall street (their QE welfare everyone’s paying for included) … no wonder this country’s done/in protracted decline! This is an all too familiar scam that as before, everyone is and will be paying for. How does it feel to be dumb! [Parenthetically, just this moment, an ‘equities expert’ (on one of those syndicated business programs, NBR-just bought out by cnbc which means they just got a lot dumber and I had to turn it off and will never watch NBR again…nbc is a horrible propaganda network (finishing deservingly last among the so-called ‘majors’), mobsters like trump on that ‘apprentice thing’ with toothy nutcases like gary busey, etc.. ‘No credibility whatsoever and a total joke!) said house prices (as well as the ‘paper shares’, gas, oil, food staples, meat, etc.) are rising (duh! … contraindicated implication-‘happy days are here again’)… riiiiight … just like zimbabwee! How pathetic! ]
Goldman 'Explains' The 'Market': "Best Not To Look A Gift-Horse In The Mouth" ZH { Riiiiight! Sounds like a plan! The ‘gift-horse’ that’s … not a gift-horse at all … You’re paying through your nose and teeth. It was amusing to see mainstream media puzzling over the record high gas prices so early in this time of year, and as well, the coming jump in beef prices. There’s no mystery here! This is the natural and inevitable concomitant to ‘printing presses gone wild’. Not printing presses for product for intellectual consumption; but rather, printing presses (whether by print or computer ledger entry) for those ever more worthless paper fiat dollars backed by nothing but insurmountable debt of a defacto bankrupt nation. Remember: There’s no free lunch … fraudulent wall street’s predictable/intended gain (from QE, currency debasement, etc.) is your substantial pain! It’s the zimbabwee financial model gone american … , Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! } “Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical)…” , Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe. }

12 Things That Just Happened That Show The Next Wave Of The Economic Collapse Is Almost Here

http://albertpeia.com/12thingsnextwavecollapsehere.htm

The Inflation Secrets Your Broker Won’t Tell You About

http://albertpeia.com/inflationcoveredup.htm

Why Are Giant Sinkholes Appearing All Over America? Is Something Happening To The Earth’s Crust?

http://albertpeia.com/giantsinkholes.htm

What Do the Bank of Japan, China’s Government and the Fed Have in Common?

http://albertpeia.com/managinghyperinflationarybubbles.htm

President Obama Dark Money Secrets The White House is For Sale! http://www.wealthdaily.com MAR 01 - JEFF SIEGEL President Obama embraces special interest lucre in everything from campaigning to curbing gun violence... Read More... http://albertpeia.com/whitehouseforsale.htm

Drudgereport: 'I AM NOT A DICTATOR' [ That’s what they all say … next thing he’ll be saying for Bob Woodward’s consumption is ‘I’m not a crook’ … Riiiiight, O! You just act like one! The reality is that at some point the coverup for this failed president by adopting failed policies to obscure/hide his failed presidency must end. The reality is that this guy just can’t ‘cut the mustard’. The reality is that this guy, O, is total bull s**t and an unmitigated failure by any criteria by which you can measure a presidency (including his own as set forth in his last campaign…you know, that deficit thing that he was going to cut by half by the end of his first term but instead increased more than all the presidents combined! Then there were all those prosecutions to come of the huge wall street frauds, still extant by way of legislated FASB Rule change and now marked to anything, that never happened in fact.) (REPORT: Obama's golf weekend with Tiger cost as much as 341 furloughed federal workers... ) Krauthammer: Obama Only Left Out "Pestilence, Earthquake, Brimstone And Plague" In Sequester Warning CHARLES KRAUTHAMMER: Well, they know that they really overshot it. It was the … { Yeah … I mean, how quickly wobama changes tune and message … the message being ultimately, true to form and his history … obama’s full of s**t! Then again, we can all blame it on that fickle teleprompter! }

There Goes The Sequester

Submitted by Tyler Durden on 03/01/2013 - http://albertpeia.com/debtincreasefeb.jpg

Guest Post: The Downward Spiral

Insider Selling-To-Buying Hits Record As Biderman Welcomes "The New Recession"

Rumor Ramp Reverses Rout

Druckenmiller: "I See A Storm Coming"

ISM Employment Down, Prices Paid Highest In 20 Months, As Construction Spending Plunges.

"Great Rotation" Does A 360 As US Equity Funds Post Biggest Weekly Outflow Of 2013

CONSUMER SPENDING DROUGHT: 16 SIGNS THAT THE MIDDLE CLASS IS RUNNING OUT OF MONEY
http://albertpeia.com/16signsmidclassoutofmoney.htm

Guest Post: Diminishing QE Returns And The Coming 40% Correction

You Rarely Know You're In A Recession Until It's Too Late

Girls Gone Filed http://albertpeia.com/girlsgonewild.jpg

ALL OF THIS WHINING AND CRYING ABOUT THE SEQUESTER SHOWS WHY AMERICA IS DOOMED

http://albertpeia.com/americadoomed.htm

Founded By Geniuses And Run By Idiots

Submitted by Tyler Durden on 02/27/2013 http://albertpeia.com/americarunbyidiots.htm

‘H. L. Mencken correctly observed: "Government is actually the worst failure of civilized man. There has never been a really good one, and even those that are most tolerable are arbitrary, cruel, grasping and unintelligent." The following 14 rhetorical questions should provide food for thought as they suggest... "you might live in a country founded by geniuses but run by idiots."

WILL ITALY BE THE SPARK THAT SETS OFF FINANCIAL ARMAGEDDON IN EUROPE?
http://albertpeia.com/financialarmageddoneurope.htm

Third Time’s the Charm: How Will The Fed Deal With THIS Bubble?

http://albertpeia.com/3strikesyoureout.htm

Value, Business Model, and Insider Selling http://www.wealthdaily.com Three Stocks to Sell Now FEB 26 - CHRISTIAN A. DEHAEMER While new money is flowing into the stock market, insiders are getting out. Christian DeHaemer shares three secrets to knowing what to sell.

How America Makes Up For The Lack Of Manufacturing ...by charging insane amounts for services, such as these... http://albertpeia.com/etc_upcharge09__01__950_0.jpg

The Fed Has Set Us Up For the Crash of 2013

http://albertpeia.com/fedsetsupcrash2013.htm

The Sequestration Debate Misses the REAL Issue Posted by : George Washington Post date: 02/25/2013 - Waste and Fraud Are the Real Causes of the Deficit

50 Signs That The U.S. Health Care System Is A Gigantic Money Making Scam That Is About To Collapse

http://albertpeia.com/50signsushealthcaresytemcollapse.htm

The Banks Show No Mercy: 10 Foreclosure Horror Stories That Will Blow Your Mind

http://albertpeia.com/banksshownomercy.htm

Oscar winners in photos Marketwatch { Say what you want about Kentucky; but, some band’s got to come up with the song, ‘Kentucky (not California) Girls’. Whew! Ridley Scott had a great find in Sean Young (‘Blade Runner’). But Jennifer Lawrence? Wow! What a spectacular, total babe! And, she can shoot a bow and arrow too (I think). Parenthetically, while there are many aspects of a actor’s performance/demeanor/actions on and off the set that constitute worthy scrutiny, falling on the way to pick up an oscar for best actress at age 22 is definitely not one of them. Totally meaningless and appropriately forgettable. If she was wearing running shoes and short shorts, that never would have happened. After all, when really will she wear such garb, albeit exquisite on her, again?…Next Academy Awards Oscar Ceremony to pick up another, and another, etc., of course. Yet, one can hardly say ‘practice makes perfect’ when referencing such an exotic creature as she. }

Europe’s Fine… Just Ask Depositors Who Saw Their Savings Go to ZERO

http://albertpeia.com/depositorsavingstozero.htm

Moody's cuts U.K. AAA rating by one notch Marketwatch

Dot-com bubble lessons Marketwatch The 13th anniversary of bursting of Internet bubble to be marked alongside the bull market's fourth birthday.

The Big Dogs On Wall Street Are Starting To Get Very Nervous

http://albertpeia.com/dogseatheirownfeces.htm

{ Not widey publicized is the fact that dogs eat their own feces. I shockingly saw this first hand of a pedigreed german shepard before learning the fact that such is a dog trait. Cats certainly do not (eat their own feces)! No wonder dogs are considered in america to be ‘man’s best friend’. Yuck! }

The Wal-Mart Indicator: We’re Heading for a Stagflationary Disaster
http://albertpeia.com/stagflationarydisaster.htm

Will Americans Soon Not Be Able To Buy, Sell Or Get A Job Without A Global ID Card?

http://albertpeia.com/globalid.htm

20 Signs That The U.S. Economy Is Heading For Big Trouble In The Months Ahead

http://albertpeia.com/20signsuseconomyinbigtrouble.htm

Spain Just Issued a Warning: The System is Blowing Up Again

http://albertpeia.com/spainswarningofsystemcollapse.htm

How Corrupt is Goldman Sachs? { Short answer … VERY! } Goldman Clients Get the Shaft... AGAIN http://www.wealthdaily.com FEB 20 - BRITON RYLE The latest example of Goldman's profit-mongering deceit is so blatant, so downright perverse, it's almost comical. Almost. Analyst Briton Ryle explains... { Prosecution, disgorgement, and jail is where they belong! } Read More... { Their ‘Don’t look a gift-horse in the mouth’ (self-serving) advice really takes the cake! … Goldman 'Explains' The 'Market': "Best Not To Look A Gift-Horse In The Mouth" ZH { Riiiiight! Sounds like a plan! The ‘gift-horse’ that’s … not a gift-horse at all … You’re paying through your nose and teeth. It was amusing to see mainstream media puzzling over the record high gas prices so early in this time of year, and as well, the coming jump in beef prices. There’s no mystery here! This is the natural and inevitable concomitant to ‘printing presses gone wild’. Not printing presses for product for intellectual consumption; but rather, printing presses (whether by print or computer ledger entry) for those ever more worthless paper fiat dollars backed by nothing but insurmountable debt of a defacto bankrupt nation. Remember: There’s no free lunch … fraudulent wall street’s predictable/intended gain (from QE, currency debasement, etc.) is your substantial pain! It’s the zimbabwee financial model gone american … , Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! } “Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical)…” , Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe. }

***** I've not posted to my website, etc., (except for myahoo daily news since the dates are already posted), since 2-08-13 because .....it's the lunar new year and Chinese markets are not open ..... just kidding! ..... because I'm on vacation .....just kidding again! .....actually, it's because I'm backing up my entire website to one of my laptops. It's taking longer than anticipated as I now enter the fourth day of download (has taken five days, total) ..... more and an update file - http://albertpeia.com/aupdate21413.htm

Who Tells Us What To Think? Does The Mainstream Media = The Matrix?

http://albertpeia.com/mainstreammediamatrix.htm

Show This To Anyone That Believes That “Things Are Getting Better” In America

http://albertpeia.com/thingsgettingworseinamerica.htm

Money Is A Form Of Social Control And Most Americans Are Debt Slaves

http://albertpeia.com/socialcontroldebtslaves.htm

40 Ways That China Is Beating America

http://albertpeia.com/40wayschinabeatingamerica.htm

It’s Time For Name That Insolvent Banking System!

http://albertpeia.com/insolventbankingsystems.htm

Europe is Fixed? Just Like Wall Street Was “Fixed” in May 2008, How’d That Turn Out?

http://albertpeia.com/europeaintfixed.htm

WARNING: The EU Crisis is BACK and Will Be Getting Worse in the Coming Weeks

http://albertpeia.com/eucrisisbackandworse.htm

Petrogold: Are Russia And China Hoarding Gold Because They Plan To Kill The Petrodollar?

http://albertpeia.com/deathofpetrodollar.htm

Is It Fair For People On Food Stamps To Buy Prime Rib And Lobster While Working Families Barely Survive?

http://albertpeia.com/wobamagravytrain.htm

El-Erian On Stocks: "Prices Are Artificially High - It’s Time to Take Profits"

Submitted by Tyler Durden on 02/15/2013 - "It’s not going away, it’s going to get worse," is how PIMCO's Mohamed El-Erian warns Yahoo's Lauren Lyster about central bank policy and the currency wars that are so much in discussion currently. Central banks have been compelled to undertake unconventional measures, things they haven’t done before, because other policymakers are not stepping up to take responsibility on the fiscal side. These implicit devaluations and beggar-thy-neighbor policies force a lot of liquidity into the system and by pushing up asset prices, central banks believe, create a 'weath effect'. It can also trigger “animal spirits” – we get all excited and invest more. In terms of equity markets, El-Erian says investors are split into two camps. One camp believes that everything will go higher and central banks will succeed in their efforts. The other camp believes asset prices are going to come down to meet the fundamentals. El-Erian puts himself in the second camp. “We think that prices are artificially high, that maintaining them here is going to be hard as central banks become less effective, and that it’s time to book some profits and to wait for some better entry points,” he explains. He clarifies that this is not a “Lehman moment." But “prices that have gotten way ahead of what policy can deliver,"

Goldman 'Explains' The 'Market': "Best Not To Look A Gift-Horse In The Mouth"

Submitted by Tyler Durden on 02/19/2013 - Good news, bad news, no news, dips, no dips, who cares. As Goldman sales/trading desk says, never look a gift-Bernanke in the mouth (especially if he ends up in a frozen lasagna at a store near you).

From GS:

A solid rally today and new cycle highs for US equities – but that’s where the story stops. No obvious catalyst. No bullish data. European stocks traded well, with most people pointing to a better German ZEW print, but it’s not clear why that would translate into such a strong US trading session. Maybe it’s best though not to look a gift-horse in the mouth.

One can't help but laugh at this "market." { Riiiiight! Sounds like a plan! The ‘gift-horse’ that’s … not a gift-horse at all … You’re paying through your nose and teeth. It was amusing to see mainstream media puzzling over the record high gas prices so early in this time of year, and as well, the coming jump in beef prices. There’s no mystery here! This is the natural and inevitable concomitant to ‘printing presses gone wild’. Not printing presses for product for intellectual consumption; but rather, printing presses (whether by print or computer leger entry) for those ever more worthless paper fiat dollars backed by nothing but insurmountable debt of a defacto bankrupt nation. Remember: There’s no free lunch … fraudulent wall street’s predictable/intended gain (from QE, currency debasement, etc.) is your substantial pain! It’s the zimbabwee financial model gone american …

Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! } “Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical)…”

Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe.

Global ‘credit supernova’ turns 2013 bull to bear Marketwatch

Paul B. Farrell Archives | Email alerts Feb. 9, 2013, 6:02 a.m. EST Global ‘credit supernova’ turns 2013 bull into bear

Commentary: Bill Gross warns about Fed’s cheap-money schemes

By Paul B. Farrell, MarketWatch

SAN LUIS OBISPO, Calif. (MarketWatch) — Bill Gross predicting a “Credit Supernova.” Yes, that’s what the “Bond King” sees dead ahead. He knows, his firm has $2 trillion at risk of collapsing into the “Black Hole” coming after the Credit Supernova, when the Federal Reserve cheap money finally explodes in America’s face, brings down the economy, again.

Gross’s Credit Supernova metaphor is the explosive headline on his latest Pimco newsletter. So what’s a supernova? Jump over to the Space.com’s parallel universe where you’ll discover a supernova happens when a “blindingly bright star bursts into view in a corner of the night sky ... burns like a ... brilliant point of light.”

A supernova is “the explosion of a star that has reached the end of its life ... Supernovas can briefly outshine entire galaxies and radiate more energy than our sun will in its entire lifetime.”

Yes, a supernova is the “explosion of a star that has reached the end of its life.”

“End of its life?” Is America’s star economy burning out? Sure sounds like it: Gross is doing more than just hinting with his Credit Supernova metaphor. He’s predicting the collapse of the American economy and global financial markets, far worse than the 2008 Wall Street bank credit collapse, worse than the 2000 dot-com crash.

As the folks over at Business Insider put it: “Investment banks have morphed markets with ‘Ponzi Finance.’ And time is almost up.”

Fed’s Ponzi scheme: Credit expansion killing economic growth

Business Insider’s Matthew Boesler summarized Gross’s rather cryptic metaphor this way: Gross’s newsletter “tackles the relationship between credit expansion and real growth” where under Bernanke the Fed’s cheap-money bubble makes our monetary problems get bigger as the Fed keeps kicking them down the road.

So the Fed’s “Ponzi Finance” must run its printing presses full blast to pump more and more credit into the economy “just to cover increasingly burdensome interest payments, with accelerating inflation the end result.”

The problem is huge: Bernanke’s Ponzi Finance is self-sabotaging. Endless cheap money upsets the balance between credit expansion and real economic growth, resulting in diminishing returns: “Each additional dollar of credit seems to create less and less heat. In the 1980s, it took four dollars of new credit to generate $1 of real GDP. Over the last decade, it has taken $10, and since 2006, $20 to produce the same result.” Bad news.

Yes, Wall Street and central banks worldwide are the engine driving Bernanke’s Ponzi scheme straight into a Credit Supernova bubble. Why? Because in the past generation more and more of the Fed’s new credit was channeled into market speculation, distorting the balance between markets and the real economy.

“Investment banking, which only a decade ago promoted small-business development and transition to public markets, now is dominated by leveraged speculation and the Ponzi Finance.”

Gross warns: As a result, “our credit-based financial markets and the economy it supports are levered, fragile and increasingly entropic — it is running out of energy and time. When does money run out of time? The countdown begins when investable assets pose too much risk for too little return; when lenders desert credit markets for other alternatives such as cash or real assets,” a trend that’s already accelerating as more and more investors wise up to Wall Street’s dangerous Ponzi Finance, anticipating that a Credit Supernova will soon bring down Bernanke’s totally mismanaged monetary system, probably in 2013, months before his scheduled retirement.

After Credit Supernova will banks see the light ... or stay blinded?

Alan Blinder is familiar to Wall Street Journal readers and investors. The former vice chair of the Federal Reserve just published “After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead.” His recent New York Times op-ed piece is a perfect playbook of what’s coming after Wall Street’s Credit Supernova explodes.

Blinder opens by quoting Hegel: “What experience and history teaches us is that people and governments have never learned anything from history.” But then Blinder adds, “actually, I think people do learn. The problem is that they forget, sometimes amazingly quickly. That seems to be happening today, even though recovery from the economic debacle of 2008-9 is far from complete. Evidence of this forgetting is everywhere.”

His list of Wall Street’s mental blocks is all too familiar. They are blind, in denial. So Blinder “encapsulates what we must remember about the financial crisis into 10 financial commandments, all of which were brazenly violated in the years leading up to the crisis.”

Imagine his frustration, like Moses coming down from the mountain, seeing the people partying, honoring false idols, the golden calf of profits. Wall Street did the same, forgot in 2000, forgot again in 2008, went back to the same old tricks.

Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?

http://albertpeia.com/retailapocalypse.htm

What Happens to a Financial System When Its Two Biggest Pillars Collapse?

http://albertpeia.com/systemicfinancialcollapse2pillarsdown.htm

Abolish The Income Tax: You Won’t Believe Who Is Getting Away With Paying Zero Taxes While The Middle Class Gets Hammered

http://albertpeia.com/notaxationwithoutrepresentation.htm

Billionaires Dumping Stocks, Economist Knows Why Wednesday, 06 Feb 2013 01:59 PM By Newsmax Wires Read Latest Breaking News from Newsmax.com http://www.moneynews.com/MKTNews/billionaires-dump-economist-stock/2012/08/29/id/450265?PROMO_CODE=110D8-1&utm_source=taboola#ixzz2LEHx4EHt

21 Signs That U.S. Public Schools Have Become Training Centers For Sexual Deviancy

http://endoftheamericandream.com

http://albertpeia.com/ustrainingcentersforsexualdeviancy.htm

[ 25 Signs American Women Are Being Destroyed By The Sexual Revolution And Our Promiscuous Culture

http://albertpeia.com/uspromiscuity.htm { I’m constrained to say that grammar, junior high, and high school in the suburban town in which I grew up were not at all like that; and, far more conservative and restrained. I’ve included the following previous reference/link as a matter of disclosure and so as not to appear as a hypocrite in the context of this referenced subject: Drudgereport: STUDY: Girls As Young As 6 See Themselves As Sex Objects... { Wow! This is really quite alarming and bespeaks america’s new-found perverse, third-world uncivilized status, which is ‘picked up’ by kids who in some ways are smarter than given credit for with a vulnerable longing to please, be accepted in light of their powerless position in our ever more deteriorating society. For the record, personally, I’ve never had a virgin though I’ve been in a position to; that’s something I just don’t do. Never have, never wanted to, never would, never will! Moreover, with the prevalence of sick pedophiles and kiddie-porn, it’s not so surprising that kids might pick up on such abominable vibes. It is difficult to imagine that little girls could be the objects of such horror as, ie., Samantha Runnion ( who was kidnapped, sexually abused and strangled by a man who lured her from her front yard by telling her he had lost his dog. Her naked body was found the next day by a hiker in Cleveland National Forest, 50 miles southeast of Stanton.^[1] The autopsy revealed that she died from compression. A sample of the kidnapper's DNA was found under her fingernail. The suspect, a Lake Elsinore, California, man named Alejandro Avila, was convicted of first degree murder with special circumstances in May 2005. His DNA was found on Samantha's body, and her DNA was found in his car. He was arrested three days after the abduction. Avila had previously been to the condominium complex where Samantha lived, because his ex-girlfriend resided there and he had been previously acquitted of molesting her daughter and niece. On May 16, 2005, the jury recommended he receive the death penalty. On July 22, 2005, Avila was formally sentenced to death. He is incarcerated at San Quentin State Prison on death row ). As an aside, I’ve included the following for the record as well: Though I’ve had many consensual sexual liasons with many different female sexual partners (mid-hundreds) all of whom I liked, I’ve never, ever resorted to prostitutes. The accidental exceptions included two ‘call girls’; one having met at summer beach town bar matinee and who was ‘not working’ (as it turned out the reason being she was at the end of her menstrual cycle). The other at a grocery store with her daughter which made such in my mind, unlikely. As it turned out, both were ‘nymphomaniacs’ (which, truth be told, made for quite an exceptional sexual romp) and I simplistically inferred/surmised without dwelling on the subject that they probably expected they’d have inordinate amounts of sex anyway and might as well get paid for it – of course I didn’t nor was I asked to pay. The other incident I’m including here for the record concerned an absolutely beautiful (blonde hair, blue eyes, pretty, cute, perfectly built/proportioned – make no mistake, however, I like brunettes also) girl I met at a bar called ‘the Red Ranch’, later changed to ‘Harpoon Willy’s’. At closing, we immediately became amorous, near intimate to a point in my car with abrupt ‘resistance’ at the ‘crucial moments’. When I finally, ‘exasperated’, asked ‘what’s up’, she stated she had recently broken up with her boyfriend who had gone too far in the ‘sado-masochistic’ ritual behavior they were, and she still was into. I told her I wasn’t into it (I don’t connect sex with sado-masochism); never would, never did, never will. We talked for quite some time and she explained her ‘predisposition’ the (her perceived) consequence of her strict, puritanical upbringing and feelings of guilt concomitant with sexual activity requiring coincident punishment/pain when so engaged. I was busy with law school evenings, work full-time, and teaching at a local college part-time and parted ways without taking her number and never did see her again. } ]

Video Of The Day: Regulators Squirm When Asked About "Too Big to Jail"

Submitted by Tyler Durden on 02/18/2013 - This video has been going around for a few days, but wow.  Very powerful and could be effective in knocking some sense into more sheeple if it gets spread widely enough. It’s an absolute joke that these people being questioned by Senator Elizabeth Warren are supposed hold the banks to task. She also makes the key point how ordinary citizens are constantly harassed by the “authorities” for what are in many cases petty and victimless crimes, while the bankers who have unleashed more destruction than anyone else, get slaps on the wrist.  Every single American should watch this short clip.

The Prophecy Of The Popes: The Next Pope (Petrus Romanus) Will Be The Final Pope According To A 900 Year Old Prophecy By St. Malachy

http://albertpeia.com/900yearoldprophecy.htm

From: "Adam Green, BoldProgressives.org" <info@boldprogressives.org>
To: Albert Peia <albert_peia@yahoo.com>
Sent: Wednesday, February 13, 2013 10:36 AM
Subject: Social Security & Xavier Becerra

---

Albert...Overnight, 40,000 people became citizen supporters of Congressmen Alan Grayson and Mark Takano's letter against cuts to Social Security, Medicare, and Medicaid benefits.

  -----

Dear Mr. Green Et Als:

I frankly have been immediately involved as follows:

I’ve not posted to my website, etc., (except for myahoo daily news since the dates are already posted), since 2-08-13 because … it’s the lunar new year and Chinese markets are not open …… just kidding! ….. because I’m on vacation … just kidding again! …..actually, because I’m backing up my entire website to one of my laptops. It’s taking longer than anticipated as I now enter the fourth day of download (has taken five days, total) [through no fault of Time Warner – they offer a superfast internet service/connection for more money which is far more than I need relative to cost though truth be told, I lamented it would have been handy for this time-consuming, ‘laborious’/tedious task (requiring surface attention, ie., file overwrites, preventing automatic shutdown for installation of windows updates, etc., interrupting the FTP flow) which I didn’t want to foul by usurping bandwith/memory for this mundane endeavor]. The new HP laptop with extra-large disk space running windows 8 which I specifically bought for this intended purpose of backup became problematic inasmuch as the screen-saver was not readily turned off as is easily discernible and accomplished in other windows op systems and which cut out my ftp connection (filezilla courtesy of mozilla/firefox is great) when operative. The fixes as per google search either weren’t present in this windows 8 offering or, from my perspective, not worth the risk (one such was a registry editing program/script that disabled screensaver which I could not and did not risk – remember, with google/nsa links you see what they want you to see, which of itself is informational). I thereupon used a crossover cable to transfer files from my other laptop which I’m using for the backup files - windows 8 saw it just fine which had not been the case with prior windows versions when I tried same. Interestingly (or not), and I can’t even say how, on the new windows 8 laptop, after some belated ‘tinkering’, up popped an AMD power/vision window which allowed for my ‘never’ entries on screensaver for both battery (longer battery-held charge probably the reason for the ‘intended’ difficulty regarding disabling same?) and plug-in/adapter, but the older HP laptop’s already doing just fine.

That said, it's no mystery that john boner is not a bright man, a fact that's not lost on anyone including his (rusted, rust-belt) home state of ohio which lamentably was carried by wobama who should be impeached. It doesn't matter what wobama says, but rather what he does that counts. First, start with prosecution/disgorgement from the huge frauds in the trillions, protected on capital hill, including the likes of wobama contributor, jon corzine et als. Second, fraud in social security disability is rampant and must be eliminated. Term limits and paycuts for congress are appropriate owing to egregiously failed performance, along with cuts to budgetary allotments to the wasteful government employee slugs and bureaucracy. People should be educated on the notion of 'utility' of, ie., a dollar to a rich man relative to a poor man, which argues for progressive rates of taxation; and hence, as supported by warren buffet, higher taxes in absolute terms on the rich without gorging them (most wealthy people in america are either overpaid, ie., ceos relative to other countries, or are criminals in deriving their fortunes, as ie., wall street, trump, other mobsters/mafia, etc., and as I've alluded to from my direct observation and experience, immediately infra) that's all for now as I must get back to finishing my backup tasks which are nearly complete.

This probably is indicative of their acknowledgement of their concerted, failed money-printing/over-spending modus operandi and the inevitable hyperinflation to follow.

Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! } “Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical)…”

Insiders now aggressively bearish Marketwatch

Too Scared To Jail: Untouchable Banks http://www.wealthdaily.com FEB 06 - ADAM ENGLISH Department of (In)Justice We're all second class citizens when the Department of Justice refuses to enforce the law. It's "too big to jail" that comes out on top... Read More...

Guest Post: All Is Well

Submitted by Tyler Durden on 02/06/2013

“Facts do not cease to exist because they are ignored.” – Aldous Huxley

The entire system is corrupt to its core. Both political parties, regulatory agencies, Wall Street, the Federal Reserve, and mainstream media are participants in this enormous fraud. They grow more desperate and bold by the day. The lies, misinformation and propaganda being spewed on a daily basis become more outrageous and audacious. They are using the Big Lie method on a grand scale. They frantically need to lure the muppets into the stock market and the housing market to keep the game going a little longer. You can sense we are reaching a tipping point. The system they have created is mathematically unsustainable. Therefore, it will not be sustained.

Opinion: Congress, president have insatiable need to spend STLtoday.com { Yes! This is why, along with the pervasive corruption and defacto bankruptcy of the nation, term limits across the board are necessary, and without exceptions. After all, in the immortal (campaign slogan) words of dick (nixon), ‘experience counts’! Indeed it does! For good or ill, and nobody can deny the nation’s very ill. Term limits would eliminate the perceived and in fact need to refrain from enforcing laws against huge fraudsters/campaign bribers/contributors. Moreover,’pork’ would give way to leaner cuts/spending more rationally based. By every rational criterion, congress will have to work for their pay consistent with their promises; and, not get to comfortable just ‘being there’ and all that that unfortunately entails. I’ve seen the lack of resolve/courage/principle/competence first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

It’s Not a “Fiscal Cliff” … It’s the Descent Into Lawlessness

Posted by: George Washington

It’s Not a Tax or Spending Problem … It’s a Devolution Into Lawlessness

http://albertpeia.com/americasdescentintolawlessness.htm

Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of niggers, if wobama is given the opportunity as he has thus far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.... Banks have closed, ATMs have run out of cash and transport services have been paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners." And all of this is after the massive economic imbalances in Zimbabwe's economy should have been "fixed" (or so conventional economic theory would have one believe) courtesy of hyperinflation, which left any savers in tatters, destroyed the value of the old currency, benefited solely debtors  but also allowed a fresh start to a government, which could only remain in power due to a violent power grab by the democratically elected-turned-dictator Robert Mugabe.

U.S. Government Claims – Just Like the Nazis – that the Truth Is Too Complicated and Dangerous to Disclose to the Public by: George Washington http://albertpeia.com/usnaziapproach.htm

http://albertpeia.com/americagone.htm

Bill Gross Gets It { Gets what? Why is this surprising? With $4 trillion gone missing (still) at the ny fed, americans should not trust the ny fed. Germany’s move is totally rational. How can anyone trust fraudulent, thieving americans with their money or gold, particularly in the fraud capital of the world, new york city Michael Savage: Don't trust feds on flu shot...{ Or anything else, for that matter. Indeed, from my direct experience, the actions/inaction of the feds are geared toward making one reliant/dependent upon them (ie., food stamps, faux disability, unemployment comp extensions, ‘protection’ from rampant, blatant crime or not, etc., despite america’s defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence and venality. In fact, stepping back, I have seen first hand those siding with/benefiting from (and the encouraging of more crime), ie., RICO defendants et als, actually rewarded by the pervasively corrupt/defacto bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a combination of and tantamount to what is essentially hush money, bribes, etc.). Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless nation of marauders/thieves that no longer even remotely resembles what it purports to be and arguably once was. Replaying Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm Armed Robberies Spike Following Game... { Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

CONGRESSMAN WARNS OBAMA: IMPEACH YOU [ http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ]

White House readies 19 executive orders on guns... }

http://albertpeia.com/americagone.htm

Government Dependents Outnumber Those With Private Sector Jobs In 11 U.S. States

http://albertpeia.com/moretakersthanmakers.htm

55 Reasons Why California Is The Worst State (Only New Jersey is Worse) In America

http://albertpeia.com/55reasonscaliforniaworststateafterjersey.htm

 { With jersey, it’s necessary to look under the hood(s)! }

20 Outrageous Examples That Show How Political Correctness Is Taking Over America

http://albertpeia.com/20outrageousexamplesofpoliticalcorrectness.htm

"Trenton Makes, The Mayor Takes" Mack Indicted On Corruption Charges

Just a few months back we noted the FBI's arrest of Tony Mack, the Mayor of New Jersey's salubrious capital Trenton. Today, via AP, the mayor and his brother have been indicted on eight counts of extortion, bribery, and mail and wire fraud. The Mayor has continued in his position - even since the September arrest - but the  federal indictment relates to an alleged scheme to accept $119,000 in bribes in exchange for his influence in the development of a garage on city-owned land. Shocked? not so much; but it seems maybe "Trenton Makes, The Mayor Takes" is more appropriate.

The 11 "Death Spiral" States http://albertpeia.com/deathspiralstates.htm

Submitted by Tyler Durden on 12/04/2012

Eleven states made Forbes' list of danger spots for investors including California, New York, Illinois, and Ohio. They warned (and with the cliff it is even more critical), if you have muni bonds in these states - clean up your portfolio; if your career takes you there - rent, don't buy! Two factors determine their list of 'fiscal hellholes'. The first is whether there are more takers (someone who draws money from the government) than makers (the gainfully employed). The second is a state credit-worthiness score (via Conning) based on large debts, uncompetitive business climates, weak home prices, and bad trends in employment. Conning rates North Dakota the safest state to lend money to, Connecticut the most hazardous. A state qualifies for the Forbes' death spiral list if its taker/maker ratio exceeds 1.0 and it resides in the bottom half of Conning’s ranking. See below for the 11 states to avoid...no matter what Bob Toll, Larry Yun, Bob Pisani, or Alexandra Lebenthal tells you..

Worst-run states

New Jersey

Between 2010 and 2011, New Jersey’s GDP contracted by 0.5% — more than all but three states. The state’s median household income and poverty rate both ranked third in the nation. On the other hand, the state’s tax burden on its residents was second highest in the U.S. in 2010. Residents paid 12.4% of their income in state and local taxes — higher than any other state except neighboring New York. The state has budget problems, as well, according to the 24/7 Wall St. analysis. New Jersey’s debt as a percentage of revenue was 91.6%, the fifth-highest of all states.

The Fed is Beginning to Remove the Punchbowl… Are You Ready For What’s Coming?

February 8, 2013 http://gainspainscapital.com

http://albertpeia.com/fedpunchedout.htm

Do Wall Street Insiders Expect Something Really BIG To Happen Very Soon? http://albertpeia.com/marketcrashcomin.htm

U.S. stocks close lower on buying fatigue Marketwatch { Wow! Buying fatigue! Riiiiight! How ‘bout those paper bubble-market QE fed air bubble stocks are not worth the paper they’re printed on, beyond the fraud and computerized manipulation; particularly when factoring macro and micro economic reality! } , , Tony Bennett: If Americans Keep Firearms, “Rest of the World Will Really Take Care Of Us” Kurt Nimmo | Compares America upholding Second Amendment to Nazi Germany. { Come on! Who takes anthony dominick benedetto aka tony bennett seriously … his herpes virus has probably migrated to his brain! Probably a Mussolini fan and in real time at that! } , The European House of Cards is About to Collapse http://albertpeia.com/europeanhouseofcards.htm

Who Controls The Money? An Unelected, Unaccountable Central Bank Of The World Secretly Does

http://albertpeia.com/bankforinternationalsettlementscontrolsthemoney.htm

These Guys “Made” 2% of Their Country’s GDP Last Year February 6, 2013 http://gainspainscapital.com http://albertpeia.com/2percenters.htm { I include this here because I’m against the lie and failed system of communism (China’s gains have been ‘capitalist’) which invites corruption by way of powerful, entrenched bureaucracies of for the most part relatively untalented, unproductive people; much like the pervasively corrupt america today that I have observed closely and directly experienced http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm … then as well, there’s the wars, huge protected (ie., wall street, etc.) frauds, etcetera..}

Shocking Numbers That Show The Media Is Lying To You About Unemployment In America

http://albertpeia.com/medialyingaboutusunemployment.htm

A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm

Congressman Boasts Salary Requirements
’I Will NOT Be Silenced by a Congressman! He is the Georgia Representative you may remember from back in 2010, when he told Admiral Robert Willard he was worried too many troops stationed on the island of Guam would cause it to capsize... The actual quote is as follows: “My fear is that the whole island will become so overly populated that it will tip over and capsize.”… { Just another dumb, incompetent, glomming nigger! What a waste of money, time, and resources these incompetent, corrupt, venal federal slugs are! }

1000x Systemic Leverage: $600 Trillion In Gross Derivatives "Backed" By $600 Billion In Collateral

Prepare to pay the piper Marketwatch

Regards,

Al Peia

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

http://albertpeia.com/todaysbusinesssummarylinks.htm

http://albertpeia.com/fbimartinezcongallard.htm

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

http://albertpeia.com

What in the World Has Happened to the FBI/DOJ?
http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm

Watch The Financial Markets In Europe

http://albertpeia.com/europeanmeltdown.htm

The Fed is Beginning to Remove the Punchbowl… Are You Ready For What’s Coming?

http://albertpeia.com/fedpunchedout.htm

Drudgereport: EX-LAPD WANTED IN COP SHOOTINGS...
Left 20-page manifesto on FACEBOOK...
Uncensored... { http://albertpeia.com/niggersmanifesto.htm }
Supports gun control, Obama and Piers Morgan... { Yeah … and venal-la feinstein’s position on guns too … he seems the perfect fit for DHS (homeland security); you know, disarm the sane leaving them defenseless while stocking up on heavy weaponry they and other nut-cases can kill you with … loves O …You can’t make this stuff up in pervasively corrupt, meaningfully lawless, defacto bankrupt america http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
Wrote online message to Tebow...

Secure Your Retirement Assets Warning: Government Retirement Scam Uncovered FEB 08 - JEFF SIEGEL http://www.wealthdaily.com The government says its concerned about retirement scams, but any time they say they want to "help you," you should be worried. Is the government now coming after your 401(k)? Read More...

U.S. stocks close lower on buying fatigue Marketwatch { Wow! Buying fatigue! Riiiiight! How ‘bout those paper bubble-market QE fed air bubble stocks are not worth the paper they’re printed on, beyond the fraud and computerized manipulation; particularly when factoring macro and micro economic reality! }

Do Wall Street Insiders Expect Something Really BIG To Happen Very Soon?

http://albertpeia.com/marketcrashcomin.htm

Tony Bennett: If Americans Keep Firearms, “Rest of the World Will Really Take Care Of Us” Kurt Nimmo | Compares America upholding Second Amendment to Nazi Germany. { Come on! Who takes anthony dominick benedetto aka tony bennett seriously … his herpes virus has probably migrated to his brain! Probably a Mussolini fan and in real time at that! }

The European House of Cards is About to Collapse

http://albertpeia.com/europeanhouseofcards.htm

Who Controls The Money? An Unelected, Unaccountable Central Bank Of The World Secretly Does

http://albertpeia.com/bankforinternationalsettlementscontrolsthemoney.htm

These Guys “Made” 2% of Their Country’s GDP Last Year February 6, 2013 http://gainspainscapital.com http://albertpeia.com/2percenters.htm { I include this here because I’m against the lie and failed system of communism (China’s gains have been ‘capitalist’) which invites corruption by way of powerful, entrenched bureaucracies of for the most part relatively untalented, unproductive people; much like the pervasively corrupt america today that I have observed closely and directly experienced http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm … then as well, there’s the wars, huge protected (ie., wall street, etc.) frauds, etcetera..}

The White House is "Judge, Jury and Executioner" of Both Drone and Cyber-Attacks Posted by : George Washington Post date: 02/05/2013 Bush and Obama Have Set Us Back 800 Years

Too Scared To Jail: Untouchable Banks http://www.wealthdaily.com FEB 06 - ADAM ENGLISH Department of (In)Justice We're all second class citizens when the Department of Justice refuses to enforce the law. It's "too big to jail" that comes out on top... Read More...

The EU’s Systemic Corruption Makes Solving the Crisis Impossible

http://albertpeia.com/useusystemiccorruption.htm

Rise Of The Droids: Will Robots Eventually Steal All Of Our Jobs?

http://albertpeia.com/riseoftherobots.htm

Golden Showers from Space http://www.wealthdaily.com FEB 05 - CHRISTIAN A. DEHAEMER Gold Production Cliff: 2017 All gold comes from space. They have been digging it out of the ground in record amounts. And production is about to hit a cliff... Read More...

8,583 Dead Americans http://www.wealthdaily.com
By Jeff Siegel America's Gun Violence Problem is NOT Guns
http://albertpeia.com/usgunviolenceproblemisnotguns.htm

Is This The Beginning Of A Horrifying Stock Market Crash In Europe?

http://albertpeia.com/stockmarketcrashineurope.htm

By Printing Money Central Banks Have Already Begun the Next Stage of Warfare

http://albertpeia.com/moneyprintingwarfare.htm

{AP1-23-13: No! I didn’t watch the monkey bowl nigger show at half-time, and only parts of this year’s monkey bowl. Wow! San franny, on their fanny, should give former san fran mayor, venalla feinstein a call to send in the big guns before she bans them. Whoops…need to break the momentum of rival of niggertown favorite, san fran so power outage in niggertown new orleans…definitely hurricane katrina’s fault…riiiiight …better give nigger ray nagin a call to get things back up and runnin’…whoops, no can do – nigger ray’s just been indicted ( http://www.nola.com/crime/index.ssf/2013/01/a_breakdown_of_the_payments_to.html ) …Besides, this is a great way to level the playing field for the hometown nigger purse-snatchers…you know, lights out and all. Actually, I truly am rooting for the ravens, but not much…reason? To thwart this year’s egregious wall street fraudulent, manipulated ‘january effect’ superstition; viz., an AFL team nigger bowl win means according to mental case wall street superstition, bear market/bad stock market (actually, ‘sell now before may and go away’ is the apposite axiom regardless who wins). This is the last monkey bowl I’ll be watching even part of. If you’re rooting for san Francisco, be sure to where some flowers in your hair. This was the sh**iest monkey bowl I’ve ever seen even a part of! }

{ Talk about monkey bowls, after today’s rout the ‘pundits’, NBR, ‘money honeys’, etc., have been recently and even today talking up the recent moves into the market by ‘the little guy’ (historically known as the ‘dumb money’, but ‘this time it’s different’ … NOT!). This contraindicated, pomo’d bubble market has all the earmarks of a classic ‘sting’! (Suck ‘em in, suck ‘em dry!) }

U.S. Approved Israeli Bombing of Syria … and May Join the War at Any Moment Posted by: George Washington Post date: 02/04/2013 -Despite the Pretense that the U.S. and Israel Are Not Intervening In Syria’s Civil War, They Are Both At War With Syria { Talk about about not learning from history, and being condemned to repeat it … you really can’t make up this misguided, unaffordable, contraindicated folly! }

COPS: Teen throws boy, 9, off roof... http://albertpeia.com/negroesatplay.htm

Shocking Numbers That Show The Media Is Lying To You About Unemployment In America

http://albertpeia.com/medialyingaboutusunemployment.htm

Rise Of The Preppers: 50 Of The Best Prepper Websites And Blogs On The Internet

http://albertpeia.com/riseofthepreppers.htm

Big Ag Subsidies http://www.wealthdaily.com FEB 01 - JEFF SIEGEL The Free Market is a Lie! Your tax dollars are funding beef exports to Japan, industrial farms, and concentrated animal feeding operations. Read More...

Tawana Brawley served with court order to pay man she accused of rape in 1987

http://albertpeia.com/rememberingtawanabwana.htm

Kyle Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe

Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very big, deleterious way! }

Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here) as the driver of stock movements currently and would not be surprised to see them move higher still (given the ongoing printing expected). However, he caveats that nominally bullish statement with a critical point, "Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs" as purchasing power is crushed. Investors, he says, are "too focused on nominal prices" as the rate of growth of the monetary base is destroying true wealth. Bass is convinced that cost-push inflation is coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious nature of underlying inflation - no matter what we are told by the government (as they will always lie when its critical). Own 'productive assets', finance them at low fixed rates (thank you Ben), and finally, on HLF, don't bet against Dan Loeb.

5% Correction Sell Signal Triggered... Just Like In January 2011

15 Signs That You Better Get Prepared For The Obama Recession Of 2013

http://albertpeia.com/obamarecession2013.htm

The Fed is Beginning to Splinter… What Comes Next?

http://albertpeia.com/fedsplinters.htm

Who Runs The World? Solid Proof That A Core Group Of Wealthy Elitists Is Pulling The Strings

http://albertpeia.com/rottencore.htm

22 Signs That Barack Obama Is Transforming America Into A Larger Version Of North Korea

http://albertpeia.com/failedcommunistamerica.htm

China Just Threatened a Currency War If the Fed Doesn’t Stop Printing

http://albertpeia.com/fedprintingbankruptsthelendermeanswar.htm

Federal Reserve Money Printing Is The Real Reason Why The Stock Market Is Soaring

http://albertpeia.com/fedmoneyprinting.htm

Germany Just Fired a Warning Shot at the Fed

http://albertpeia.com/warningshot.htm

Social Decay + Illegal Immigration + Poverty = Open War On The Streets Of America

http://albertpeia.com/waronusstreets.htm

{ We’ve never, in the entire history of economics, finance, markets seen the disconnect from economic/financial reality and fundamentals as pronounced and as great as now. The reality of modern-day computer programs/algos/frauds at lightning computerized speed and sheer desperation on fraudulent wall street whose ever larger protected frauds are literally cheered by failed american leadership at every level. Right now, though contraindicated, the superstitious January effect is in play and manipulated to meet faux bullish expectations. Then too, without doubt, what will be their excuse to not ‘sell in May and go away’ which really should be the mantra at present, now, beyond the hot air, smoke and mirrors, fraud and b***s*** we’re once again seeing in large measure, encouraged and received with ebulliently poised irrational exuberance on wall street and in washington. Remember the ralleys in sympathy with Apple exuberance, all of which we now know to have had a foundation of little more than ‘apple sauce’. Total b***s***! What’s the next b***s*** story/sizzling fraud? The ‘money’ being cashed out by these frauds has to come from someplace (the real economy) and has already found a way into understated/underreported inflation rates (for a multiple of staples including food prices), lower margins through higher costs thereby manipulated somewhat by currency manipulations, all of which will be ‘coming due’ in a very big way to the downside, reality-based blowout around the corner. }

German Gold Repatriation http://www.wealthdaily.com/articles/german-gold-repatriation/3918 Trust No Longer Exists

The U.S. Has An Even Larger Gap Between The Rich And The Poor Than Downton Abbey Does

http://albertpeia.com/gaprichpoor.htm

Goldman Sachs Made $400 Million Betting On Food Prices In 2012 While Hundreds Of Millions Starved

http://albertpeia.com/squidfood.htm

Does China Plan To Establish “China Cities” And “Special Economic Zones” All Over America?

http://albertpeia.com/chinatowns.htm

25 Signs American Women Are Being Destroyed By The Sexual Revolution And Our Promiscuous Culture

http://albertpeia.com/uspromiscuity.htm

{ I’ve included the following previous reference/link as a matter of disclosure and so as not to appear as a hypocrite in the context of this referenced subject: Drudgereport: STUDY: Girls As Young As 6 See Themselves As Sex Objects... { Wow! This is really quite alarming and bespeaks america’s new-found perverse, third-world uncivilized status, which is ‘picked up’ by kids who in some ways are smarter than given credit for with a vulnerable longing to please, be accepted in light of their powerless position in our ever more deteriorating society. For the record, personally, I’ve never had a virgin though I’ve been in a position to; that’s something I just don’t do. Never have, never wanted to, never would, never will! Moreover, with the prevalence of sick pedophiles and kiddie-porn, it’s not so surprising that kids might pick up on such abominable vibes. It is difficult to imagine that little girls could be the objects of such horror as, ie., Samantha Runnion ( who was kidnapped, sexually abused and strangled by a man who lured her from her front yard by telling her he had lost his dog. Her naked body was found the next day by a hiker in Cleveland National Forest, 50 miles southeast of Stanton.^[1] The autopsy revealed that she died from compression. A sample of the kidnapper's DNA was found under her fingernail. The suspect, a Lake Elsinore, California, man named Alejandro Avila, was convicted of first degree murder with special circumstances in May 2005. His DNA was found on Samantha's body, and her DNA was found in his car. He was arrested three days after the abduction. Avila had previously been to the condominium complex where Samantha lived, because his ex-girlfriend resided there and he had been previously acquitted of molesting her daughter and niece. On May 16, 2005, the jury recommended he receive the death penalty. On July 22, 2005, Avila was formally sentenced to death. He is incarcerated at San Quentin State Prison on death row ). As an aside, I’ve included the following for the record as well: Though I’ve had many consensual sexual liasons with many different female sexual partners (mid-hundreds) all of whom I liked, I’ve never, ever resorted to prostitutes. The accidental exceptions included two ‘call girls’; one having met at summer beach town bar matinee and who was ‘not working’ (as it turned out the reason being she was at the end of her menstrual cycle). The other at a grocery store with her daughter which made such in my mind, unlikely. As it turned out, both were ‘nymphomaniacs’ (which, truth be told, made for quite an exceptional sexual romp) and I simplistically inferred/surmised without dwelling on the subject that they probably expected they’d have inordinate amounts of sex anyway and might as well get paid for it – of course I didn’t nor was I asked to pay. The other incident I’m including here for the record concerned an absolutely beautiful (blonde hair, blue eyes, pretty, cute, perfectly built/proportioned – make no mistake, however, I like brunettes also) girl I met at a bar called ‘the Red Ranch’, later changed to ‘Harpoon Willy’s’. At closing, we immediately became amorous, near intimate to a point in my car with abrupt ‘resistance’ at the ‘crucial moments’. When I finally, ‘exasperated’, asked ‘what’s up’, she stated she had recently broken up with her boyfriend who had gone too far in the ‘sado-masochistic’ ritual behavior they were, and she still was into. I told her I wasn’t into it (I don’t connect sex with sado-masochism); never would, never did, never will. We talked for quite some time and she explained her ‘predisposition’ the (her perceived) consequence of her strict, puritanical upbringing and feelings of guilt concomitant with sexual activity requiring coincident punishment/pain when so engaged. I was busy with law school evenings, work full-time, and teaching at a local college part-time and parted ways without taking her number and never did see her again. }

Is There Such a Thing as The Perfect Trade?

http://albertpeia.com/unperfecto.htm

Is China an Economic Miracle or Government Sponsored Fraud? Pt 2

http://albertpeia.com/chinafraud.htm

The Sovereign Debt Bubble Will Continue To Expand Until – BANG – The System Implodes

http://albertpeia.com/sovereigndebtimplosion.htm

37 Statistics Which Show How Four Years Of Obama Have Wrecked The U.S. Economy

http://albertpeia.com/4yearsofobamawreckedus.htm

{ 1-20-13 I really must say, of all weekends to come down with this virulent, brutal strain of flu, this was it; perfect timing. GOD truly works in mysterious ways. I can feel the depths of nausea beyond that intellectually indicated by the swearing-in of nigger-monkey jiva (no, not java man, jiva) man for his new term. Quite separately, I’m constrained to comment that while I personally don’t trust the feds sufficiently to take the vaccine (infra), I truly can understand why some might (chance it). This was a brutal, painful, debilitating strain of flu wherein the persistent coughing ultimately gave rise to extreme pain when so doing. Though even worse than the last severe strain (LA gets them all, sooner or later), I now have immunity. It seems that each subsequent strain is more severe than the prior strain (and not just because of my increase of years) and I’m not yet quite sure as to why. And, given the proclivity of the government to make the populace/citizenry ever more dependent upon what is (clearly a fact lost on no one) an ever more incompetent, failed, and corrupt government, the inference that the same has as its genesis a recombinant form of virus brought to you by none other than the same desperate government, is eminently reasonable (preliminary ‘testing of the waters’ so to speak, surely to get worse). In fact, it’s a bit unsettling that this same strain of flu has a near simultaneous breakout nationwide. Moreover, from unconstitutional attempts to disarm the citizenry, to drones, to military maneuvers allegedly as anti-terror drills, etc., such a hypothesis seems hardly a stretch and upon reflection, quite probable. After all, there were pervasive domestic terrorist threats, unprecedented in a national election (but not at all uncommon for niggers wherever they are), by the typically uncivilized lawless niggers for riot and mayhem should obama be voted out of office as he deserved to be on his unequivocally failed record. Not a peep … from dhs, dc, etc., who are usually all over law-a-abiding citizens for no good reasons at all … despite the outrageousness of same. One just can’t any longer trust the u.s. government to do what’s right! Really! }

{ I will be expounding upon the ground-breakingly new, failed ‘management’ approach adopted by this failed administration; viz., management by exceptions. That’s right! Exceptions! Not management by objectives; but rather, management by exceptions. Forget laws, precedent, things that have worked for the vast majority; and, focus instead upon the exceptions as they fatefully crop up from time to time. As tragic as the Sandy Hook tragedy was, for wobama to reveal the failed mindset that’s failed america by managing by exceptions, he stated that he previously was not going to pursue gun control this term (there’s a plethora of greater priorities for this pervasively corrupt, defacto bankrupt nation), but now, because of this slaughter at the hands of the nutcase, he is. Or, revise all protocols for those who are or choose to be gay, or disregard the oath if an illegal immigrant wants to practice law, or don’t prosecute the biggest exceptionally huge wall street frauds because they are too big to fail/jail or donate mightily to political campaigns (MFGlobal/Corzine), etc., or whatever else for votes, etc., the list goes on and on. Yet, the obfuscations/frauds only mask the inevitably greater, deeper abyss to follow! Yes … there you have it … america’s new managerial approach/theory … on the road to perdition … MANAGEMENT BY EXCEPTIONS. Guaranteed not to work … for all but the exceptions (parenthetically, this topic of managing the exceptions as a separate managerial task without misdirecting managerial focus from central objectives was some years ago highlighted by the brilliant Peter Drucker)! }

Effective leadership is not about making speeches or being liked; leadership is defined by results not attributes.
Peter Drucker

Bill Gross Gets It { Gets what? Why is this surprising? With $4 trillion gone missing (still) at the ny fed, americans should not trust the ny fed. Germany’s move is totally rational. How can anyone trust fraudulent, thieving americans with their money or gold, particularly in the fraud capital of the world, new york city Michael Savage: Don't trust feds on flu shot...{ Or anything else, for that matter. Indeed, from my direct experience, the actions/inaction of the feds are geared toward making one reliant/dependent upon them (ie., food stamps, faux disability, unemployment comp extensions, ‘protection’ from rampant, blatant crime or not, etc., despite america’s defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence and venality. In fact, stepping back, I have seen first hand those siding with/benefiting from (and the encouraging of more crime), ie., RICO defendants et als, actually rewarded by the pervasively corrupt/defacto bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a combination of and tantamount to what is essentially hush money, bribes, etc.). Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless nation of marauders/thieves that no longer even remotely resembles what it purports to be and arguably once was. Replaying Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm Armed Robberies Spike Following Game... { Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

CONGRESSMAN WARNS OBAMA: IMPEACH YOU [ http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ]

White House readies 19 executive orders on guns... }

http://albertpeia.com/americagone.htm

These Popular Delusions Could Cost Investors Fortunes in 2013

http://albertpeia.com/costlydelusions.htm

On The Constitution, Gun Rights, Criminal Bankers, and Silver JAN 18 - NICK HODGE http://www.wealthdaily.com Buy a Gun, Buy SilverThe Federal Reserve has never been an agent of the government; it is a creation of the bankers. You see, the government cannot control the banks because the banks control the government. Read More...

The Ticking Trillion Dollar Debt Bomb

http://albertpeia.com/trilliondollardebtbomb.htm

Do You Want To Scare A Baby Boomer?

http://albertpeia.com/boomers.htm

The Great Systemic Rig of 2012 is Ending

http://albertpeia.com/greatsystemicrigof2012ending.htm

Germany Starts a Central Bank Run JAN 17 - CHRISTIAN A. DEHAEMER
http://albertpeia.com/trustingamericainsanity.htm

The Bundesbank Starts a Run on Gold { Yes, indeed … upon greater reflection, a 7 year wait to repatriate German gold stored at u.s./new york fed, really is a cause for concern. The question is not only whether it’s there (I doubt it!), not only whether what’s there has been displaced (stolen) and supplanted with tungsten gold plate (at best); but, even assuming arguendo it is still there (doubtful), given the undeniable inherent american proclivity for fraud and theft, whether the thieving american frauds will interpose some spurious pretext to preclude if not exclude the possibility of return (the story of america’s foreign and domestic policies in a nutshell). One really has to wonder as to the soundness and rationality of Germany’s decision in answering, why fraudulent america and not the renown, trustworthy and reputable Swiss Banks for storing their gold. } Everything the Bundesbank does is close to perfection. The very fact that it is calling in its gold is monumental in terms of questioning the "full faith and credit" of the United States Treasury... Read More...

{ There isn’t anything about america that’s not ultimately, in the final analysis, totally fraudulent! }

What Do German Central Bankers Know That We Don’t?

January 16, 2013 http://gainspainscapital.com

http://albertpeia.com/germanydoesnottrustusfed.htm

{ This is a very wise, rational move by Germany which should be lost on no one. Indeed, by so doing, Germany will likely guarantee repatriation of real gold, and not tungsten gold plate. Realize that beyond the theft of $4 trillion still unaccounted for at the new york fed, there have been ever more brazened frauds within the ranks of the u.s. government and connected to the fed. The 360 tons of $100 dollar bills flown into Iraq and disappeared, huge wall street frauds in the trillions still extant and bailed out for the wall street perps by legislated FASB rule change, among many other schemes, scams, facilitated by lightning fast computerization have become both policy and modus operandi of the fed, u.s. government, and insider perps. }

It Will Take The Fed Seven Years To Deliver 300 Tons Of German Gold

…The amount of gold the Fed supposedly holds, is shown in yellow with a shade of tungsten. Why it will take the Fed 7 years to part with an amount of gold that is less than 5% of its total holdings is anyone's guess.

Bill Gross Gets It { Gets what? Why is this surprising? With $4 trillion gone missing (still) at the ny fed, americans should not trust the ny fed. Germany’s move is totally rational. How can anyone trust fraudulent, thieving americans with their money or gold, particularly in the fraud capital of the world, new york city Michael Savage: Don't trust feds on flu shot...{ Or anything else, for that matter. Indeed, from my direct experience, the actions/inaction of the feds are geared toward making one reliant/dependent upon them (ie., food stamps, faux disability, unemployment comp extensions, ‘protection’ from rampant, blatant crime or not, etc., despite america’s defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence and venality. In fact, stepping back, I have seen first hand those siding with/benefiting from (and the encouraging of more crime), ie., RICO defendants et als, actually rewarded by the pervasively corrupt/defacto bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a combination of and tantamount to what is essentially hush money, bribes, etc.). Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless nation of marauders/thieves that no longer even remotely resembles what it purports to be and arguably once was. Replaying Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm Armed Robberies Spike Following Game... { Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

CONGRESSMAN WARNS OBAMA: IMPEACH YOU [ http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ]

White House readies 19 executive orders on guns... }

http://albertpeia.com/americagone.htm

Federal Government Musings And Other Societal Observations

http://albertpeia.com/americatitsup.htm

A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN...

http://albertpeia.com/germangoldgone.htm

50 Shocking Questions That You Should Ask To Anyone That Is Not A Prepper Yet

http://albertpeia.com/50shockingquestions.htm

What Do German Central Bankers Know That We Don’t?

http://albertpeia.com/germanydoesnottrustusfed.htm

{ This is a very wise, rational move by Germany which should be lost on no one. Indeed, by so doing, Germany will likely guarantee repatriation of real gold, and not tungsten gold plate. Realize that beyond the theft of $4 trillion still unaccounted for at the new york fed, there have been ever more brazened frauds within the ranks of the u.s. government and connected to the fed. The 360 tons of $100 dollar bills flown into Iraq and disappeared, huge wall street frauds in the trillions still extant and bailed out for the wall street perps by legislated FASB rule change, among many other schemes, scams, facilitated by lightning fast computerization have become both policy and modus operandi of the fed, u.s. government, and insider perps. }

U.S. Government Claims – Just Like the Nazis – that the Truth Is Too Complicated and Dangerous to Disclose to the Public Posted by: George Washington Post date: 01/15/2013 - History Repeats ... http://albertpeia.com/usnaziapproach.htm

Escape from America

6 Places to Protect and Grow Your Wealth as US Spirals Out of Control

www.Sovereign-Investor.com

Coming Economic Collapse

18 Critical Items You Need To Prepare, Tomorrow May Be Too Late

WealthDaily.com/Economic_Collapse

14.9% Inflation in 2013?

Will the Value of the U.S. Dollar Decline in the Coming Months?

www.DailyWealth.com/Inflation

Drudgereport: PAPER: Time to start switching out of US assets...

13-year-old girls beat woman at bus stop 'for fun'... ( Uncivilized niggers, of course! )
Girl gang hails cab, then chokes, robs driver... ( Uncivilized niggers, of course! ){ CHICAGO (FOX 32 News) – ‘The Chicago Police Department has issued an alert in the 2nd District of Wentworth for several armed robberies that have occurred during the month of January.The offenders, described as six to seven African American females with a light completion between the ages of 16 and 20, enter cabs in the Loop. Upon arrival to their destinations on the South Side, one of the girl chokes the driver with a rope or cord, while another threatens the cab driver with a knife, demanding cash. Authorities say the group then jumps out of the cab… Read more: http://www.myfoxchicago.com/story/20546398/alert-group-of-girls-sought-armed-robbery-cab-drivers?obref=obinsite#ixzz2ICcZA7FJ }

Congressman Boasts Salary Requirements
’I Will NOT Be Silenced by a Congressman! He is the Georgia Representative you may remember from back in 2010, when he told Admiral Robert Willard he was worried too many troops stationed on the island of Guam would cause it to capsize... The actual quote is as follows: “My fear is that the whole island will become so overly populated that it will tip over and capsize.”… { Just another dumb, incompetent, glomming nigger! What a waste of money, time, and resources these incompetent, corrupt, venal federal slugs are! }

Fitch Threatens U.S. Credit Rating

The fiscal cliff failed to address the debt ceiling, and as the deadline draws closer, the U.S. credit rating is in danger.

Goldman Sachs And The Big Hedge Funds Are Pushing Leverage To Ridiculous Extremes

http://albertpeia.com/overleveraged.htm

The Federal Reserve Shows Barack Obama Who The Real Boss Is

http://albertpeia.com/failurespeckingorder.htm

We Are Witnessing The Slow, Tortuous Death Of The American Worker

http://endoftheamericandream.com

http://albertpeia.com/deathofamericanworker.htm

Two of the Biggest Problems In the Financial System Will Hit in 2013

January 13, 2013 http://gainspainscapital.com

http://albertpeia.com/2biggestproblemsinfinancialsystemhitin2013.htm

The Federal Government Hands Out Money To 128 Million Americans Every Month

http://theeconomiccollapseblog.com

http://albertpeia.com/fedgovhandouts.htm

The Investment World is Missing the Single Most Critical Issue In China

January 11, 2013 http://gainspainscapital.com

http://albertpeia.com/criticalchinaissue.htm

How and Why the US Could Default

http://albertpeia.com/usdefault.htm

18 Facts That Prove That Piers Morgan Is Flat Out Lying About Gun Control

http://thetruthwins.com [ Drudgreport: Kirchner attacks Falkland Islands 'invaders'... { Invaders indeed! Time to call british spades, spades! We fought a revolution after so doing! } ]

http://albertpeia.com/piersmorganlyingaboutguncontrol.htm

Panic In California As Thousands Of Food Stamps Cards Suffer Brief Outage

Zero Hedge | This past weekend, as part of a system update to the CalWIN software of California’s Social Services department, HP accidentally cancelled EBT cards for some 37,000 Californians. { Yeah … the illegal drug dealers especially were panicking! }

T-Minus 30 Days Until The US Begins Defaulting

http://albertpeia.com/americadefaulting.htm

A Blight on the Constitution: Congress Approves More Warrantless Wiretapping

http://albertpeia.com/eff10913.htm

Guest Post: Is American Justice Dead?

Submitted by Tyler Durden on 01/09/2013

Every nation-state has a body of laws woven into the fabric of society. As Peruvian economist Hernando de Soto has commented on extensively, the stronger the rule of law, the stronger the economy. And by "stronger" laws, I mean laws that are impervious to tampering for personal or political gains. The connection between a sound judiciary and economic health is readily comprehensible, except maybe to a politician... businesses and individuals are far more likely to invest capital in a country with understandable laws that are impartially and universally enforced than if the opposite condition exists. That's because the lack of a consistent body of law breeds uncertainty and adds a huge element of risk for entrepreneurs. Which brings us back to the matter at hand – American justice on a slippery slope.

{ Short answer: YES! Chief Justice John Roberts Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm Can America Survive If Americans No Longer Agree On A Core Set Of Shared Values? { Short answer: Beyond the propaganda, america already no longer survives as the nation it once was and purports to be; and, the deterioration and decline of this meaningfully lawless nation will continue. UNTOUCHABLE: MF GLOBAL judge nixes group's bid to depose Corzine... [ Pervasively corrupt, defacto bankrupt in every way, fallen america is so far gone they no longer even bother with pretense! ] CONGRESSMAN FLOODED WITH CALLS ON GUN CONTROL: 9-TO-1 AGAINST... , Alex Jones vs. Piers Morgan: '1776 Will Commence Again If You Try To Take Our Firearms'... , REPORT: BANK OF AMERICA Freezes Gun Manufacturer's Account... , Armed Robberies Spike Following Game... [ Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! ] http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

http://albertpeia.com/americagone.htm

SHRINK: We are creating 'generation of deluded narcissists'... http://albertpeia.com/deludednarcissists.htm ‘…We must beware of the toxic psychological impact of media and technology on children, adolescents and young adults, particularly as it regards turning them into faux celebrities—the equivalent of lead actors in their own fictionalized life stories…’ Read more: http://www.foxnews.com/opinion/2013/01/08/are-raising-generation-deluded-narcissists/#ixzz2HXlpfElS Indeed, and america’s got the ‘perfect (failed, like them) president’ for this deluded generation of of ‘legends in their own minds’; viz., choom gang fantasizer in chief, wobama the b for b*** s***! Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }

Obama to follow in footsteps of Hitler, Stalin with ‘executive order’ disarmament of the American people Mike Adams | Obama is going to march America down the dark halls of history by following in the footsteps of Adolf Hitler, Joseph Stalin, Mao Tse Tung. Biden Says Obama to Use “Executive Action” to Restrict Second Amendment Kurt Nimmo | Lobotomy joe biden says violating the Constitution is an act “worth taking.”

If Obama Can Just Create A Trillion Dollar Coin, Then Why Do We Have To Pay Taxes?

http://albertpeia.com/moneyoutofthinair.htm

By The Numbers: 20 Facts About The Collapse Of Europe That Everyone Should Know

http://albertpeia.com/20factsofeuropecollapse.htm

And These Are the Folks Who Will Save the World?

http://albertpeia.com/idontthinkso.htm

Large Cities All Over America Are Degenerating Into Gang-Infested War Zones

http://albertpeia.com/uscitieswarzones.htm

America Is Being Systematically Transformed Into A Totalitarian Society

http://albertpeia.com/totalitarianus.htm

Daily Market Commentary (1-7-13): The Biggest Gift Investors Have Received In a While

http://albertpeia.com/thebigsurprise.htm

Did the Fed Lie About QE 3 and 4?

http://albertpeia.com/fedlies.htm { Do bears s**t in the woods? Is the Pope Catholic? Did the fed previously say no recession, etc.? Of course they did and do … all the time! }

The Middle Class In America Is Being Wiped Out – Here Are 60 Facts That Prove It

http://albertpeia.com/middleclasswipeout.htm

The Good, The Bad And The Ugly From The Fiscal Cliff Deal

http://albertpeia.com/goodbaduglyuscliffdeal.htm

Daily Market Commentary (1/3/2013): Greece and Spain’s Banking Systems Flash “Danger”

http://albertpeia.com/dangerwillrobinson.htm

Daily Market Commentary (1-2-13): Deal or No Deal… Nothing Was Fixed

http://albertpeia.com/nothingfixedbydeal.htm

50 Predictions For 2013

http://albertpeia.com/economiccollapseblogpredicitionsfor2013.htm

Why? Why does it seem like america is getting crazier with each passing year? { Because pervasively corrupt defacto bankrupt america is getting crazier with each passing year! }

http://albertpeia.com/whyamericacrazier.htm

Replaying Chris Christie's Epic Anti-Boehner Meltdown

Submitted by Tyler Durden on 01/02/2013 { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } Earlier today, in what can only be summarized as an epic meltdown, NJ governor Chris Christie proceeded with an even more epic rant against House speaker John Boehner, in narrow terms, and House Republicans in broader, for killing the $60 billion Sandy Assistance bill, whose funding would have offset one full year of the just legislated tax hikes on the rich which would add $62 billion annually to the Treasury (or alternatively would have been unfundable for the next 2 months while the US struggles to pay its mandatory bills courtesy of having breached the debt ceiling). Alternatively, all Americans could just agree to accept less welfare and entitlement benefits to show their solidarity for New Jersey and fund the recovery of the Tristate area by a "shared sacrifice" instead of going the default route and demanding even more deficit spending - something that would naturally saddle the next generation with even more pain, not the current, far more entitled one - but in this country that is an absolutely ludicrous proposition. Below is a clip of the entire Christie performance which is a must see for sheer indignation entertainment value alone.

Fiscal cliff, my ass! Come on! Wake up! There’s no real recovery, except, ie., for the huge frauds on wall street (as they cash out worthless paper for bucks/hard assets and churn-and-earn at lightning/computerized algo program speed) which continue unprosecuted and unabated and at everyone else’s expense! Everybody’s paying for the wall street QE/frauds/froth! Huge unaffordable debt increases to mask the obama failure. Threats by the niggers to step up their already substantial violence against whites and riot if no obama ‘re-election’ … that’s terrorism! Unprecedented domestic terrorism! Then the widespread, documented voter fraud favoring obama … not a peep from the ‘status-quo, don’t rock the boat, happy to be there’ republicans. Why bail out wobama? Nothing will be solved by satisficing here! This last minute cramdown is what they’ve opted for by unreasonable, unaffordable, politically motivated intransigence! The nation’s broke! The niggers are pulling down their unaffordable freebies like never before. The extended unemployment benefits are so rich, who’d ever want to work? Time to say no to the niggers! A bit of intestinal fortitude required! F**k wobama, and f**k the niggers and their self-loathing buddies! Selective, rationally strategic ‘undoing’ of various ‘fiscal cliff’ unpleasantries can be undone after the fact of the ‘obama 4 years in the making failure’ with sound, rational thought consonant with reality. F**k wobama, f**k the niggers and their self-loathing buddies! Want to blame someone, blame wobama the unequivocal failure. Time to call a spade a spade! Time to pay the piper!

Pay Raise for Biden, Members of Congress, Federal Workers... { As I’ve previously stated, nothing succeeds quite like failure in pervasively corrupt, defacto bankrupt america! }

Under wobama, for every $7 brought in by gov't, $11 spent...

The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … )

Spending to Increase 55% Under Obama's Plan...

Gov't announces GM 'exit strategy' ... taxpayers to lose billions!
50% Loss!

Obama: Biggest mistake too much perspiration, not enough inspiration [What total b***s***!] { Biggest mistake: too much b***s***, not enough substance; that’s reality, not spin! } White House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm } Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... [ Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! … For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. ]
Will accept your birthday or anniversary gifts, too...

IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES (Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT (Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United States of America while Barack Obama is President.  The evidence is overwhelming:  everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed.  Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each.  Nearly 2-1/2 million fewer Americans have jobs than before the stimulus. Barack Obama has been President for 30 months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.  He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW.  His broken campaign promises are too numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA

Executives at collapsed Iceland bank jailed for fraud

Reuters | Two former executives at an Icelandic bank which collapsed in the 2008 financial meltdown were sentenced to jail. { This is something that hasn’t happened in pervasively corrupt, defacto bankrupt america except for those few ‘not too big to fail or jail’! Everyone’s still paying for those gargantuan, bailed out, hidden (legislated FASB rule change) wall street frauds still extant and cashed out by the perps. }

India reports 25 rapes in week following Delhi gangrape IBNLive  { See, as per the californication amerikan jurisprudential scholar/jurist/judge, these 25 girls may not have realized it, but, they really wanted it … you know, otherwise, as per the californication jurisprudential scholar/jurist/judge these subconsciously consensual encounters could not have happened because the body would ‘just say no’ to such liasons if nonconsensual. There you go! … american jurisprudence has done it again as they guide us through those dark, shadowy, murky areas of the law that would otherwise label violent criminal rapists as violent criminal rapists. (We’re talking India here; but, violent rape among a plethora of other substantial crimes including murder, huge protected ie., wall street, etc., frauds, armed robberies, etc., are rampant in pervasively corrupt, defacto bankrupt america.) India gang-rape suspects to face murder charges (CBS/AP) NEW DELHI - Indian police charged six men with murder on Saturday, hours after a woman who was gang-raped and beaten on a bus in New Delhi nearly two weeks ago died in a Singapore hospital. { Clearly, says the california-american jurist/jurisprudential scholar, this girl was not a victim but really ‘wanted it’ and while she may have been screaming/saying ‘no’, she really meant ‘yes’ since otherwise her body wouldn’t have permitted that rape (and beating) to happen. See … now that’s why we have professionally educated/trained judges … to ‘split the pubic hairs’, so to speak … (that judge should be forced to step down)} Calif. judge says a victims' bodies can prevent rape CBS News SANTA ANA, Calif. A Southern California judge is being publicly admonished for saying a rape victim "didn't put up a fight" during her assault and that if someone doesn't want sexual intercourse, the body "will not permit that to happen.” { Wow! Spoken like a true california american jurist. Well, with violent rapes on the rise along with other serious violent among other crimes in america and california particularly, and elections being what they are, ‘might as well go with the flow’ might have been the ratio-decedendi. After all, most violent criminals in america are closet pacifists/peace corp members and if the body says yes or no but the mind subconsciously says yes, only then will a rape happen (NOT!); and, no violent rapist would let a LIVE/CONSCIOUS rape-resistor get in the way of implicit consensual rape. Wow! I initially was going to quip, ‘he doesn’t get out much’; but, maybe he just ‘gets out too much’. Wow! What more can anyone say! [ If the foregoing didn’t make sense to you, that’s because the californication judge’s outrageous statement is absolutely preposterous! ] }

Dave’s Daily: http://www.etfdigest.com ‘FRUSTRATION WITH FISCAL CLIFF 12-28-12
“I don’t have to tell you things are bad. Everybody knows things are bad. It’s a depression. Everybody’s out of work or scared of losing their job. The dollar buys a nickel’s worth. Banks are going bust. We know things are bad. Worse than bad. They’re crazy. It’s like everything everywhere is going crazy so we don’t go out anymore. We sit in a house as slowly the world we’re living in is getting smaller and all we say is, ‘Please, at least leave us alone in our living rooms.’ Things have got to change my friends. You’ve got to get mad. You’ve got to say, “I’m as mad as hell and I’m not going to take this anymore!”

                                                                         Howard Beale (Peter Finch: Network 1976)

Things haven’t changed much since 1976 have they? Only the names, faces and circumstances have changed. Americans are still getting the shaft, but this condition is routinely self-inflicted. We’ve made a mockery of the presidency, congress and markets. We know little about civics, the constitution and bill of rights, history, economics, science, literature and economics. We care more about toys and Hollywood distractions since critical thinking is just too hard. But I digress. Meanwhile the fiscal cliff sideshow and accompanying rumor driven algo / HFT trading dominates trading. Most Americans don’t even know what the fiscal cliff is – they just know it’s bad. The slip in Consumer Confidence to 65 from 74 reflected fear Thursday. Last week alone investors jammed $80 billion into bank CDs. I’ve been avoiding commenting and even took a brief holiday in NYC for Christmas as HFT /algo driven volatility was to be expected this week. And this is what the HAL 9000s delivered. These programs alone have driven many investors out of markets. I hope the NYSE and other proponents of this activity are satisfied with the results.The Chicago PMI was only superficially higher (51 vs 51 expected & prior 50.4). But within the data the employment reading was -55.2 vs -45.9 previously—a hiring freeze. Pending Home Sales were in line with estimates (1.7% vs 1.8% expected & prior 5.2%). Again rumors and trial balloons are being launched. What to expect this weekend? A mini-deal, an extension to buy some time (always a first choice), or a deal that fixes nothing? There are many possibilities and all the volatility will sell soap for the media and that’s about it. We’re rather well-prepared for trouble if not opportunity. We raised nearly 55% in cash two weeks ago with only 25% in stocks and the balance in the income space. We can deal with this one way or another. Monday is scheduled to be a full trading day and one would suppose vacations will be cut short making New Years Day and Wednesday a tough go for partiers. Stocks fell sharply and even more so after the close dropping 28 S&P points (see chart below). Volume was spiked as news was leaked Obama wouldn’t offer any new compromise. Breadth continues to be negative per the WSJ…’

You Might Hate America If…

http://thetruthwins.com

http://albertpeia.com/youmighthateamericaif.htm

The Fiscal Cliff Diversion

American Thinker | The US economy is already over the fiscal cliff and falling at an increasing rate.

Government Dependents Outnumber Those With Private Sector Jobs In 11 U.S. States

Economic Collapse | America is rapidly becoming a nation of takers.

Chicago reaches 500 homicides with fatal shooting AP

India gang-rape suspects to face murder charges (CBS/AP) NEW DELHI - Indian police charged six men with murder on Saturday, hours after a woman who was gang-raped and beaten on a bus in New Delhi nearly two weeks ago died in a Singapore hospital. { Clearly, says the california-american jurist/jurisprudential scholar, this girl was not a victim but really ‘wanted it’ and while she may have been screaming/saying ‘no’, she really meant ‘yes’ since otherwise her body wouldn’t have permitted that rape (and beating) to happen. See … now that’s why we have professionally educated/trained judges … to ‘split the pubic hairs’, so to speak … (that judge should be forced to step down)} Calif. judge says a victims' bodies can prevent rape CBS News SANTA ANA, Calif. A Southern California judge is being publicly admonished for saying a rape victim "didn't put up a fight" during her assault and that if someone doesn't want sexual intercourse, the body "will not permit that to happen.” { Wow! Spoken like a true california american jurist. Well, with violent rapes on the rise along with other serious violent among other crimes in america and california particularly, and elections being what they are, ‘might as well go with the flow’ might have been the ratio-decedendi. After all, most violent criminals in america are closet pacifists/peace corp members and if the body says yes or no but the mind subconsciously says yes, only then will a rape happen (NOT!); and, no violent rapist would let a LIVE/CONSCIOUS rape-resistor get in the way of implicit consensual rape. Wow! I initially was going to quip, ‘he doesn’t get out much’; but, maybe he just ‘gets out too much’. Wow! What more can anyone say! [ If the foregoing didn’t make sense to you, that’s because the californication judge’s outrageous statement is absolutely preposterous! ] }

16 Things About 2013 That Are Really Going To Stink

http://albertpeia.com/16bad2013.htm

Government Dependents Outnumber Those With Private Sector Jobs In 11 U.S. States

http://albertpeia.com/moretakersthanmakers.htm

What Happens When the Bond Markets Turn Against the US?

http://albertpeia.com/screwturnsagainstus.htm

It’s Not a “Fiscal Cliff” … It’s the Descent Into Lawlessness

Posted by: George Washington

Post date: 12/24/2012

It’s Not a Tax or Spending Problem … It’s a Devolution Into Lawlessness

http://albertpeia.com/americasdescentintolawlessness.htm

{ That’s certainly been my direct experience; and I’ve been warning and ‘yelling from the rooftops’. Nobody listened! Now it’s time to pay the piper! : Chief Justice John Roberts Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

EPITAPH FOR AMERICA: Nothing quite succeeds like failure in america. I had tried to help underdog (and outsider and former missionary and hard worker and straight shooter) Mitt Romney by coming out early and unequivocally in support of him and change in the disastrous direction of america, unequivocally in decline. Importantly, that also gave me 'license' to say what needed saying but what everyone considers politically incorrect, impolitic, or brutally honest and/but are afraid to say. The key(s) to the election debacle here were the threat of riots and violence by the typical uncivilized niggers. After all, americans generally are without doubt an inherently cowardly people and war-mongering bullies as indicated by past and recent history. I saw this first hand by particularly that screaming old lady lying on the ground, blood streaming from her mouth, purse stolen by the nigger who calmly walked away as whites among others walked, passed her by in fear (see immediately infra). Truth be told, I bit my tongue and cringed at every Romney link to corrupt, venal war criminals/criminals/mobsters bushes, cheney, trump, kean, (republicans alito, et als) etc., who have substantially damaged me (along with referenced democrats, to be fair). Then there's that contra-indicated love-fest with war mongering/war crimes nation, illegal nuke totin' israel (almost more than I could bear). On the positive side, trusting in GOD only as I do, I must confess I was happy to see the destruction of the jersey shore and appropriately, rockaway beach, queens, new york (jersey mob and gambino crime family connection). A lesson to all, Romney particularly, never trust a half-breed sicilian former federal government slug; that rotund humpty dumpty christie of jersey infamy. Amazingly, the very people who've been and will prospectively be damaged by nothing more than a mentally troubled fraud, grifter, jive-talking b***s***/con artist obama, gave him the blind support he needed to prevail regardless of his unequivocally failed four years of prior broken campaign promises, reality, and rationality. Self-destructive, mentally challenged/troubled losers? That fits! That america is a hopelessly failed, bankrupt nation in decline, there is no question!

MSNBC Yet Again Implies Criticism of Obama Is Racist Paul Joseph Watson | General Electric-owned (49%) network is earning its federal bailout money. [Yet, it's holder / wobama who're the racists ... Robinson: King's dream remains unrealized (Washington Post) [ Yeah! That 'content of their character' thing's a b***ch to live up to ... just don't measure up! What's a white person to do, especially when black atty. General Holder with fellow black Obama's tacit approval is racist himself (themselves) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...'ignore cases that involve black defendants and white victims '. Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white people'... [ Typical ... ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security...

[ .. (the following incident is my personal experience: black perps, white victims)' ... while walking through Military Park (a sliver of a 'park' - more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion (limbic system / adrenalin flow) I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped / a crowd gathered / an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA's position with both felonies ( he went to prison - pled out ). The other case I wrote about here ( This was included on my website in the Psychology forum discussion of 'bystander effect' / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparently had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp (a police officer here in California was the object of intense criticism for having used a flashlight to subdue a criminal after a long chase so I included that here) . The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal went to jail (where they belong). The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so. I was also mugged by 4 blacks and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves 'whites' http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm ]

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

Lakers hire Mike D’Antoni as coach, passing on Phil Jackson Phil Jackson was “asking for the moon,” according to a source familiar with the situation. Mike D'Antoni's Lakers contract is three guaranteed years at $12 million { Phil was just being nice. He certainly doesn ’t need the money; and, I must say, I would have lost a lot of respect for him had he done a deal with them. After all, given all he’d done for the lakers, the way they (ie., jerry west bad mouthed him, ie., lifestyle, beliefs, choice of location, etc.) bad mouthed him, I personally would have told them to go f*** themselves [ I essentially did as much with my two largest jersey clients who asked that I return to representing them after the ‘split’ with them, which would have meant long-term mob ‘affiliation’ (and as per their thinking/protocol an ‘obligation’), albeit tacitly; although I must say I hadn’t anticipated fully the pervasive clout of the mob in jersey and infiltration of the equally corrupt federal system there and elsewhere and the dire consequences they contrived for me thereafter- la/ca better, but not much- and, though California was deservingly rated lowest recently among all places in the states to live, Malibu excepted, I would put jersey lower than california; and, prospectively, there’s disaster in a big way rivaling/exceeding jersey shore/rockaway beach queens new york in proportion ‘a-coming’. ] You can’t take it with you. In the end, all you really have is your spirit, dignity/integrity, self-respect, all of which are sorely lacking in america generally, and california/new jersey/new york/connecticut/virginia especially. The recent ‘election’ also confirms this very american trend of corruption, decline, and abject failure. Phil Jackson will always be a winner, a champion! }

FACEBOOK RESPONSE:

Bob: I'm 100% behind law enforcement in their ever more increasingly difficult task of law enforcement, in this ever more lawless nation, particularly in meaningfully lawless new jersey. Unfortunately, when I went to vote, I was asked to grant facebook broad 'authority' which as a matter of internet policy (to prevent a multitude of problems, hacking, etc.) I don't do (facebook's very politicized in a pro-wobama way and hooked into those goldman frauds et als, on fraudulent wall street). Since wobama people do it, you can put in an extra vote on my behalf. I'm currently stonewalled awaiting a formal reply from the fbi inasmuch as I must account for my time wherever I ultimately locate. Below is some recent posted commentary and a response to Congresswoman Roybal-Allard as per her request (I did not receive a reply from Sen. Feinstein regarding the aforesaid matters). Hope you and your family are well.

Regards,

Al

Dianne Feinstein: No need to debate Republican opponent... { Riiiight! Things are going so swimmingly (as in drowning) for the nation and california particularly. Actually, I responded to a ‘generic’ email / facebook request from her with my subsequent request that she help to elicit a formal response from the FBI as promised regarding the RICO matters (the other incompetent, failed perrenial senator barbara boxer actually had ‘made her presence known’ in the corrupted process regarding usdcj matz/lester and the default of the u.s. which missed the filing date which error was compounded by the misstatement of the rule in court on the record by asst. us attorney robert i. lester); but, no response... http://albertpeia.com/selfdefense.htm [ One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! ]

11-5-11 Dear Congresswoman Roybal-Allard:

The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:

‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’

Sincerely,

Albert L. Peia

America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm

Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

Guest Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words! It’s been my direct experience for quite some time now and is quite a pathetic scenario! } Legal precedent means nothing. Rule of law means nothing. Free speech means nothing. Their own treaties mean nothing. It’s unbelievable. Anyone in the west who honestly thinks he’s still living in a free society is either a fool or completely out of touch. If that seems too radical an idea, consider that ECUADOR is now the only nation which stands to defend freedom and human rights against an assault from the United States, the United Kingdom, and their spineless allies. The west has just become a giant banana republic. Have you hit your breaking point yet? If not now… when? { { I’m really constrained to interject my own direct experience with the FBI here; and, I must say I do so lamentably. If you want no real results vis-à-vis organized crime which now extends to the upper reaches, highest levels of the corrupt u.s. government, go to the FBI. I discounted the new jersey FBI as just typical corrupt, mob infested jersey which thinks in terms of discos/casinos. But, truth be told, they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their (understated) crime stats for even a second. I’m beginning to feel foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters directly who seem to have at least some sense of the magnitude of the fraud involved and the pervasive corruption of the system and government and maybe a semblance of honor in this nation of protracted decline. It never would have occurred to me back when for me, such a choice/decision was clear-cut and simple. Such a course as mine I no longer could recommend inasmuch as there is little difference between state/government sponsored crime/corruption and that perpetrated by other criminal elements, from my direct experience with both, infra: Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some federal workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the properties in my proceedings for which surplus funds are unaccounted for was a top floor balconied 2 bedroom 1 and 1/2 bath condominium (beach/boardwalk front w/indoor pool/sauna) in seaside heights, n.j. –10-31-12 Post Sandy: I’m wondering if it’s still there. ). But debauchery an american specialty? Another rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in the illegal drug trade). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city boy louis freeh, labeled by former Prosecutor Larry Klayman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis. }

Why Bernanke’s Terrified of 2013

December 23, 2012 http://gainspainscapital.com

http://albertpeia.com/helicopterbenafraidof2013.htm

Agenda 21 Is Being Rammed Down The Throats Of Local Communities All Over America

http://theeconomiccollapseblog.com

http://albertpeia.com/agenda21ramdown.htm

25 Facts That The Mainstream Media Doesn't Really Want To Talk About Right Now

http://endoftheamericandream.com

http://albertpeia.com/25factsmainstreammediahides.htm

Say Goodbye To The Good Life

http://theeconomiccollapseblog.com

http://albertpeia.com/americasgoodbyetogoodlife.htm

75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe

http://albertpeia.com/75terribleeconomicnumbersof2012.htm

How to Play the Fiscal Cliff Failure

http://albertpeia.com/fiscalclifffailure.htm

Even US-Based Investors Need to Know About This

http://albertpeia.com/needtoknow.htm

‘The markets in Europe continue to rally hard despite the fact that Europe’s financial system is totally insolvent…’

20 Signs That The U.S. Poverty Explosion Is Hitting Children And Young People The Hardest

http://albertpeia.com/20signsuspovertyexplosionhittingyoung.htm

What In The World Are Barack Obama And John Boehner Thinking?

http://albertpeia.com/2dummiesinovertheirheads.htm { A Market Gone Vertically Wild ZH It seems wherever you look today, markets are going vertical. Whether its Citi and BofA +15% for December, Gold and Silver cliff-diving today, WTI crude surging in a v-shaped recovery or EURUSD and S&P 500 futures ramping in the most wonderfully linear manner - the market has gone a little wild today... { We’ve seen airball / balloon markets like this before … always end badly … total fraud and b***s***! Not one thing proposed does anything to change the fact that america is unequivocally broke! They must have bought off the rating agencies. After all, none of what they’re proposing, fiscal cliff and otherwise, does anything to change the nation’s dire fiscal position. The spending cuts are woefully inadequate. In fact, I believe one must reasonably infer that the rating agencies presumed a deficit reduct package that would at least be of a magnitude rivaling the automatic, fiscal cliff cuts. The reality is that even those cuts would fall short of that necessary to get defacto bankrupt america’s fiscal house in order. Make no mistake, wobama, helicopter ben, the government are well aware of the real, substantial inflationary impacts of their wall street welfare QE; and hence, are attempting to shift that burden to retirees/social security recipients. The lull before the storm/crash! } BOEHNER ADOPTS PELOSI PLAN... { Yeah … it’s time to talk ‘john the boner’ … he’s a total failure … and, he’s a very stupid man to boot. Seriously, he’s pretty dumb! Moreover, this teary-eyed ‘house speaker’ didn’t even carry his own state in the past election. They know he’s a dummy! }

Three Reasons the Fed Announced QE 4

December 18, 2012 http://gainspainscapital.com

http://albertpeia.com/whycontraindicatedqe4.htm

Better watch out: Insiders are selling Marketwatch

Why isn’t Obama demanding corporate welfare cuts? Marketwatch

Why a recession is coming no matter what fiscal-cliff deal is reached Marketwatch

15 Signs That The Ring Of Fire Is Waking Up As We Head Into 2013

http://endoftheamericandream.com

http://albertpeia.com/ringoffirewaking.htm

Society Is Crumbling Right In Front Of Our Eyes And Banning Guns Won't Help

http://theeconomiccollapseblog.com

http://albertpeia.com/americansocietycrumbling.htm

What 2013 Means For You, Your Portfolio and the Economy at Large

December 16, 2012 http://gainspainscapital.com

http://albertpeia.com/bad2013.htm

More Than 2000 Children Are Murdered In The United States Every Single Day

http://endoftheamericandream.com

http://albertpeia.com/2000americanchildrenmurderedeachday.htm

You Won’t Believe The Crazy Things That Are Being Said About Gun Owners

http://thetruthwins.com

http://albertpeia.com/crazythingssaidofgunowners.htm

22 Stats That Prove That There Is Something Seriously Wrong With Young Men In America

http://theeconomiccollapseblog.com

http://albertpeia.com/22statswhatswrongyoungamericanmen.htm

GE's Jeff Immelt: "We've Definitely Seen A Slowdown In The Fourth Quarter"

Submitted by Tyler Durden on 12/17/2012

In what is likely the fist major under the radar profit warning of the current quarter, GE chief, and Obama Job Tzar, Jeff Immelt warned during GE's annual outlook meeting held earlier in Manhattan that the "economic uncertainty" in the current quarter has resulted in an investment "pause" that has resulted in a slowdown of corporate sales. Put into numbers, GE is now calling for about 8% growth this year, from a 10% forecast barely two months ago. Read: Q4 sales, and thus earnings, are set to be a major disappointment. And while no superstorms were blamed in this particular sales warning, the fiscal cliff did feature prominently. As the WSJ reports, "[Immelt] said ongoing jitters over the so-called "fiscal cliff" of tax increases and government spending cuts contributed to the trend." Then again, it is just as likely that the tapped out US consumer, whose savings rate is tumbling, whose real disposable income is now declining on a year over year basis, and whose real wage growth is decidedly negative, would be tapped out even if Obama and Boehner were not playing constant cat and mouse. But whatever the reason for the slowdown may be, one thing is certain: "Clearly, there has been an investment pause in certain industries," Mr. Immelt said. "We've definitely seen a slowdown in the fourth quarter." Bring on the spin brigade.

State Communism's Newest (public) Advocate: Jeff Immelt Posted by: CrownThomas Post date: 12/17/2012 - "the one thing that actually works, you know, state run communism may not be your cup of tea, but their government works. They have five-year plans" { Riiiiight, jeff … their government works for … their government … everyone’s equal, but some, ie., 1 party members, are more equal than others; which, is essentially what we have anyway with our faux 2-party system (no real difference, actually; indeed, ie., the contraindicated, inflationary QE is a welfare program for the wealthy frauds on wall street and paid for by everyone for their benefit and party members among others in Washington, primarily). Actually, GE has been a ‘connected government enterprise’ for quite some time. Indeed, as a point of fact, I drove down to D.C. for what was to be my first patent filing some decades ago. No sooner had I entered ‘Washington, D.C. proper’, I was stopped on the highway by (I think) Washington, D.C. police. After they checked, ran my ID, license, etc.., they said follow us … so I did. Then, after parking, walking toward the ‘patent building/address’, I was approached by a man who identified himself as a GE employee who asked (he probably already knew) where I was going and volunteered to show me the way (which he did). The veiled message was clear (previous times I had gone to D.C. on business, ie., Williams & Connolly firm, Acacia Life Insurance Co., and flown, and had no such similar experience). Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011... , Nelson Mandela 'proven' to be a member of the Communist Party Telegraph.co.uk For decades, it was one of the enduring disputes of South Africa's anti-apartheid struggle. { The failed system of communism. Not surprising that a nigger would lache on to such where everyone’s ‘equal’; but, for no good reason, other than for party membership alone some are more equal than others. Well, close enough, but no cigar. After all, chimpanzees share a 98% identical DNA profile with modern humans; and, niggers share 99% (hence, that familiar simian look of the nigger. Interestingly, I must confess that I’ve more recently particularly, developed a well-founded aversion for and antipathy towards chimps, gorillas, oranguatangs and monkeys owing to the fact that they remind me of niggers! } Chief Justice John Roberts Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

20 children, 7 others dead in school shooting Marketwatch { From the previous day, pre-shooting I posted : Don’t Let Your Child See a Psychiatrist. Jon Rappoport { In light of his expressed fear, psychologists can’t prescribe medication – though that’s changed somewhat in some states. Rappoport must realize that some parents, nuttier than fruitcakes particularly in america, might be the problem. Who then does the troubled child turn to?} That said, Every human emotion now classified as a mental disorder in new psychiatric manual DSM-5 Mike Adams { Well, I gotta tell ya … if the shoe fits, wear it … the reality is that the prevalence of mental disorders/mental illness in america is so great that reactions as those of mike adams (including shooting the messenger) are not unexpected; but, must be discounted. After all, insanity or close to it has indeed become the new normal, shaded/obscured somewhat by what’s deemed simple inherent criminality which masks the underlying ‘americinsanity’. }

Missouri's Community Bank of Ozarks closed: FDIC Marketwatch

Prepare to pay the piper Marketwatch

Leading indicators of a stock market top Marketwatch http://albertpeia.com/leadingindicatorsofstockmarkettop.htm

We Are Witnessing The Death Of Small Business In America

http://theeconomiccollapseblog.com

http://albertpeia.com/deathofsmallbusinessinamerica.htm

Dave’s Daily: http://www.etfdigest.com BEN PLAYING CATCH-UP WITH GDP DATA 12-12-12 Like others, we hung out most of the day waiting for Ben’s next dose of easing. What the Fed released in the way of new operations was fully expected without much of a surprise. Several things stood out. To remove ZIRP and halt QE inflation needs to remain tame and below 2% while the unemployment rate needs to be below 6.5%. Since even the most optimistic bull knows inflation data as currently constructed is faulty and misleading and so too have been recent employment reports.Below is inflation and employment data as measured by and courtesy of John Williams’ Shadow Government Statistics. Manipulating inflation and employment data have been in the government’s interest to reduce entitlement benefit payments and hide real employment conditions for political reasons.

http://albertpeia.com/daveschart121212no1.gif

Meanwhile the Fed has indicated it would extend ZIRP until 2015 which may be nice but it offers little incentive for people to buy homes even as prices might flat line. And we really need people to start buying homes to clean out inventory. Also Operation Twist has ended only to be replaced by another yet unnamed OMO of buying $45 billion of mortgage-backed securities and $20 billion of Treasury debt.  This means more money printing driving the Fed’s balance sheet to potentially $4-$5 trillion. In his post release press conference stated the Fed is “not monetizing federal deficit”…right, and I’m not Santa Claus.Lastly, the Fed (behind the curve as usual) has downgraded 2012 GDP growth from 2.5-3% to 1.7-1.8% and 2013 from 2.5-3% to 2.3-3% (a shot in the dark?). These are poor numbers and certainly don’t support a tax increase on anyone. One headline stated the revisions lower were only “slight” which is of course to minimize things but .8% GDP decline on these low numbers are massive.All of his has led to massive hording of cash and trading reserves by large banks and little in the way of lending. The chart below clearly demonstrates the ineffectiveness of current Fed policies in my opinion.

http://albertpeia.com/daveschart121212no2.gif

Apple stock: Classic concentration risk Marketwatch

55 Reasons Why California Is The Worst State (Only New Jersey is Worse) In America

http://albertpeia.com/55reasonscaliforniaworststateafterjersey.htm

America’s top 5 oil-producing states Marketwatch

And That’s Checkmate, Ben Bernanke

http://albertpeia.com/checkmatehelicopterben.htm

{ It’s really quite amazing that the so-called economic experts, ie., economists, financial/securities analysts, CEO’s, etc., are so economically challenged so as to believe beyond the self-interested ‘swallow’ (ie., paper inflation, etc.) that somehow printing/creating ever more worthless/debased paper fiat currency will in some way create real value, production, jobs, etc., as opposed to the destructive mechanism along with nefarious dislocations that it truly is. }

20 Outrageous Examples That Show How Political Correctness Is Taking Over America

http://thetruthwins.com

http://albertpeia.com/20outrageousexamplesofpoliticalcorrectness.htm

Goldman’s BOE Tentacle Has Not Even Arrived And Already Advocates Massive Money Printing

Zero Hedge | When two weeks ago Mark Carney was appointed head of the Bank of England (despite his firm denials of any interest in the position) many were surprised. { It’s really quite amazing that the so-called economic experts, ie., economists, financial/securities analysts, CEO’s, etc., are so economically challenged so as to believe beyond the self-interested ‘swallow’ (ie., paper inflation, etc.) that somehow printing/creating ever more worthless/debased paper fiat currency will in some way create real value, production, jobs, etc., as opposed to the destructive mechanism along with nefarious dislocations that it truly is. }

Steny Hoyer: The Debt Limit ‘Is Not Real’

CNS News | House Minority Whip Steny Hoyer (D-Md.) said Tuesday that the debt limit is “not real” and should not be part of any negotiations to avert the fiscal cliff.

World’s Most Prestigious Financial Agency – Called the “Central Banks’ Central Bank” – Warns of Bursting Bubble

Washington’s Blog | Slams Federal Reserve Policy. { It’s really quite amazing that the so-called economic experts, ie., economists, financial/securities analysts, CEO’s, etc., are so economically challenged so as to believe beyond the self-interested ‘swallow’ (ie., paper inflation, etc.) that somehow printing/creating ever more worthless/debased paper fiat currency will in some way create real value, production, jobs, etc., as opposed to the destructive mechanism along with nefarious dislocations that it truly is. }

More Evidence the Recession Has Started (Again)

New American | Something bad happened in November — and based on the NFIB survey data, it wasn’t merely Hurricane Sandy.

Sorry Protesters: Your Jobs Are Being Sent To China And They Aren't Coming Back

http://albertpeia.com/chinajobsnotcomingback.htm

Jimmy Hoffa Warns Of "Civil War" As Michigan Governor Signs "Right-To-Work" Into Law

Submitted by Tyler Durden on 12/11/2012

Minutes before Michigan Governor Snyder signed the 'Right-To-Work' bill into law, Teamster leader Jimmy Hoffa appeared on CNN,as seen in the clip below, warning that: "This is just the first round of a battle that's going to divide this state. We're going to have a civil war," as the bill to weaken unions' power is passed.

{ There is an exception to the hearsay rule known as a dying declaration; the rationale being that a person would not ‘go to his maker’ with a false statement/declaration to ‘taint his soul’. Interestingly, I had occasion to know a very intelligent, learned man who was indeed dying, in a death spiral if you will. A lawyer by profession, he had taken an interest in another lawyer’s history; none other than Abraham Lincoln himself. Curiously I thought at the time, though even then, some decades ago (long before the internet), I realized that you were never getting the whole, correct, true story from american media, history as written, etc.. ( I was fortunate in sixth grade to have had a great teacher, James Bresnahan, who allowed for ‘expansive’/accelerated learning in what he took the time and trouble to provide as an advanced reading group. Among the subjects was that knowledge/thinking tainting phenomena known more commonly as propaganda). After all, a long dead president; and, one who famously suffered from recurring bouts of severe depression could hardly be the object of, from my view, intense intellectual interest and scrutiny. Yet, he was fixated on what he deemed a somewhat surprising revelation; viz., from his intense study, Abe was not ‘Honest Abe’ but rather, was a thief. I was aware that in fact, Lincoln found niggers somewhat appalling and initially opposed ending slavery as well as those who favored same, viz., the abolitionists, etc. (niggers are a same old old story of lazy, unproductive, inherently very uncivilized criminal people who are fun-luvin’ for games, partying, and getting high only. Even the incisive Shakespeare euphemistically referred to the ‘typicality’ of the inherently untrustworthy and without sense of honor, ‘noir’ [french for black]). The ultimate consummate politician (as a lawyer, Lincoln famously took a contrary position not long before saying he thought he then was right but now taking the opposite position now knew he was right … riiiiight! ‘Honest Abe’), Lincoln ultimately did, in rallying his ‘stalwarts’, back the abolitionist cause. I personally feel the people of the south were foolish in bringing vanquished niggers, sold into slavery by other niggers who vanquished them, to this already now recently blemished land. Moreover, as today, the niggers (and the abolitionist cause) had provided fodder for politics of all sorts, including that of Lincoln. Indeed, even today, spielberg who is famous for his pro-jewish ‘politicking’/propaganda (even the first Indiana Jones movie was heavy on the Arab/Nazi transference propaganda) has found a way to make film-making pay for him and the democratic party by way of the misguided, inaccurate view of Lincoln as the anti-slavery icon he is speciously depicted as. Civil war? Hoffa, like his mob-connected, then disconnected (permanently) father is old news. The truth is that their own done them in (as was so of hoffa’s father) with NAFTA, etc., as they themselves foolishly laughed at their real would-be saviors, ie., Ross Perot, etc.. The reality is, there is literally nothing that can’t be produced better and cheaper and without paying the shake-down bribe from the teamsters et als for doing absolutely nothing (as is true with the other niggers, et als, entitlements, etc.), elsewhere. Twinkies anyone? }

U.S. Army Starts Targeting Children Posted by : George Washington Post date: 12/11/2012 - American Military Starts Assassinating Children

Obama and the American military label all young men – between the ages of say 15 and 35 - who happen to be in battle zones as suspected insurgents who they can target and kill.

Under the Bush administration, children were tortured.

Now, the U.S. military is starting to target children for assassination in battle zones. As the Nation reports:

The US’s “EU Style” Negotiations Will Without a Doubt Take Us Over the Cliff

December 10, 2012 http://gainspainscapital.com

http://albertpeia.com/useustylenegotiations.htm

Two Economic Developments Every Investor Needs to Be Aware Of

December 10, 2012 http://gainspainscapital.com

http://albertpeia.com/2economicdevelopments.htm

15 Signs That The Economy Is Rapidly Getting Worse As We Head Into 2013

http://theeconomiccollapseblog.com

http://albertpeia.com/15signseconomyworsefor2013.htm

Unemployment Is Not Going Down: The Employment Rate Has Been Under 59 Percent For 39 Months In A Row

http://theeconomiccollapseblog.com

http://albertpeia.com/unemploymentnotgoingdown.htm

Why Are Preppers Hated So Much?

http://endoftheamericandream.com

http://albertpeia.com/preppershated.htm

Dave’s Daily: http://www.etfdigest.com ‘EOCNOMIC DATA HOLDS SURPRISES Out of the gate this morning was the whopping surprise in the monthly employment report (146K jobs added vs 85K expected & prior 171K) and the unemployment rate dropped (7.7% vs 8% expected & prior 7.9%). This looked great didn’t it? But it wasn’t. And, algos don’t look too far under the hood at details but those were awful. The largest gain was in retail (part time holiday workers) followed by Hospitality and Leisure and Waste Services (Sandy?) while Construction jobs lost 20K. More importantly, the labor participation rate (only 63.6%) declined again as the number of people out of the work force increased by a stunning 540K people. In the end, more than 200K workers stopped looking for work.

http://albertpeia.com/daveschart12712no1.gif

Further inside the numbers are two charts that really indicate what’s happening within age groups.

http://albertpeia.com/daveschart12712no2.gif

http://albertpeia.com/daveschart12712no3.gif

Big banks planning layoffs Marketwatch It's not going to be happy holidays for many on Wall Street as word comes that Citi won't be the only bank laying off workers before year-end.

Three Charts Every Investor Needs to See

December 7, 2012 http://gainspainscapital.com

http://albertpeia.com/3chartsinvestorsmustsee.htm

EPITAPH FOR AMERICA: Nothing quite succeeds like failure in america. I had tried to help underdog (and outsider and former missionary and hard worker and straight shooter) Mitt Romney by coming out early and unequivocally in support of him and change in the disastrous direction of america, unequivocally in decline. Importantly, that also gave me 'license' to say what needed saying but what everyone considers politically incorrect, impolitic, or brutally honest and/but are afraid to say. The key(s) to the election debacle here were the threat of riots and violence by the typical uncivilized niggers. After all, americans generally are without doubt an inherently cowardly people and war-mongering bullies as indicated by past and recent history. I saw this first hand by particularly that screaming old lady lying on the ground, blood streaming from her mouth, purse stolen by the nigger who calmly walked away as whites among others walked, passed her by in fear (see immediately infra). Truth be told, I bit my tongue and cringed at every Romney link to corrupt, venal war criminals/criminals/mobsters bushes, cheney, trump, kean, (republicans alito, et als) etc., who have substantially damaged me (along with referenced democrats, to be fair). Then there's that contra-indicated love-fest with war mongering/war crimes nation, illegal nuke totin' israel (almost more than I could bear). On the positive side, trusting in GOD only as I do, I must confess I was happy to see the destruction of the jersey shore and appropriately, rockaway beach, queens, new york (jersey mob and gambino crime family connection). A lesson to all, Romney particularly, never trust a half-breed sicilian former federal government slug; that rotund humpty dumpty christie of jersey infamy. Amazingly, the very people who've been and will prospectively be damaged by nothing more than a mentally troubled fraud, grifter, jive-talking b***s***/con artist obama, gave him the blind support he needed to prevail regardless of his unequivocally failed four years of prior broken campaign promises, reality, and rationality. Self-destructive, mentally challenged/troubled losers? That fits! That america is a hopelessly failed, bankrupt nation in decline, there is no question!

MSNBC Yet Again Implies Criticism of Obama Is Racist Paul Joseph Watson | General Electric-owned (49%) network is earning its federal bailout money. [Yet, it's holder / wobama who're the racists ... Robinson: King's dream remains unrealized (Washington Post) [ Yeah! That 'content of their character' thing's a b***ch to live up to ... just don't measure up! What's a white person to do, especially when black atty. General Holder with fellow black Obama's tacit approval is racist himself (themselves) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...'ignore cases that involve black defendants and white victims '. Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white people'... [ Typical ... ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security...

[ .. (the following incident is my personal experience: black perps, white victims)' ... while walking through Military Park (a sliver of a 'park' - more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion (limbic system / adrenalin flow) I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped / a crowd gathered / an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA's position with both felonies ( he went to prison - pled out ). The other case I wrote about here ( This was included on my website in the Psychology forum discussion of 'bystander effect' / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparently had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp (a police officer here in California was the object of intense criticism for having used a flashlight to subdue a criminal after a long chase so I included that here) . The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal went to jail (where they belong). The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so. I was also mugged by 4 blacks and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves 'whites' http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm ]

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

Lakers hire Mike D’Antoni as coach, passing on Phil Jackson Phil Jackson was “asking for the moon,” according to a source familiar with the situation. Mike D'Antoni's Lakers contract is three guaranteed years at $12 million { Phil was just being nice. He certainly doesn ’t need the money; and, I must say, I would have lost a lot of respect for him had he done a deal with them. After all, given all he’d done for the lakers, the way they (ie., jerry west bad mouthed him, ie., lifestyle, beliefs, choice of location, etc.) bad mouthed him, I personally would have told them to go f*** themselves [ I essentially did as much with my two largest jersey clients who asked that I return to representing them after the ‘split’ with them, which would have meant long-term mob ‘affiliation’ (and as per their thinking/protocol an ‘obligation’), albeit tacitly; although I must say I hadn’t anticipated fully the pervasive clout of the mob in jersey and infiltration of the equally corrupt federal system there and elsewhere and the dire consequences they contrived for me thereafter- la/ca better, but not much- and, though California was deservingly rated lowest recently among all places in the states to live, Malibu excepted, I would put jersey lower than california; and, prospectively, there’s disaster in a big way rivaling/exceeding jersey shore/rockaway beach queens new york in proportion ‘a-coming’. ] You can’t take it with you. In the end, all you really have is your spirit, dignity/integrity, self-respect, all of which are sorely lacking in america generally, and california/new jersey/new york/connecticut/virginia especially. The recent ‘election’ also confirms this very american trend of corruption, decline, and abject failure. Phil Jackson will always be a winner, a champion! }

FACEBOOK RESPONSE:

Bob: I'm 100% behind law enforcement in their ever more increasingly difficult task of law enforcement, in this ever more lawless nation, particularly in meaningfully lawless new jersey. Unfortunately, when I went to vote, I was asked to grant facebook broad 'authority' which as a matter of internet policy (to prevent a multitude of problems, hacking, etc.) I don't do (facebook's very politicized in a pro-wobama way and hooked into those goldman frauds et als, on fraudulent wall street). Since wobama people do it, you can put in an extra vote on my behalf. I'm currently stonewalled awaiting a formal reply from the fbi inasmuch as I must account for my time wherever I ultimately locate. Below is some recent posted commentary and a response to Congresswoman Roybal-Allard as per her request (I did not receive a reply from Sen. Feinstein regarding the aforesaid matters). Hope you and your family are well.

Regards,

Al

Dianne Feinstein: No need to debate Republican opponent... { Riiiight! Things are going so swimmingly (as in drowning) for the nation and california particularly. Actually, I responded to a ‘generic’ email / facebook request from her with my subsequent request that she help to elicit a formal response from the FBI as promised regarding the RICO matters (the other incompetent, failed perrenial senator barbara boxer actually had ‘made her presence known’ in the corrupted process regarding usdcj matz/lester and the default of the u.s. which missed the filing date which error was compounded by the misstatement of the rule in court on the record by asst. us attorney robert i. lester); but, no response... http://albertpeia.com/selfdefense.htm [ One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! ]

11-5-11 Dear Congresswoman Roybal-Allard:

The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:

‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’

Sincerely,

Albert L. Peia

America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm

Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

Guest Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words! It’s been my direct experience for quite some time now and is quite a pathetic scenario! } Legal precedent means nothing. Rule of law means nothing. Free speech means nothing. Their own treaties mean nothing. It’s unbelievable. Anyone in the west who honestly thinks he’s still living in a free society is either a fool or completely out of touch. If that seems too radical an idea, consider that ECUADOR is now the only nation which stands to defend freedom and human rights against an assault from the United States, the United Kingdom, and their spineless allies. The west has just become a giant banana republic. Have you hit your breaking point yet? If not now… when? { { I’m really constrained to interject my own direct experience with the FBI here; and, I must say I do so lamentably. If you want no real results vis-à-vis organized crime which now extends to the upper reaches, highest levels of the corrupt u.s. government, go to the FBI. I discounted the new jersey FBI as just typical corrupt, mob infested jersey which thinks in terms of discos/casinos. But, truth be told, they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their (understated) crime stats for even a second. I’m beginning to feel foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters directly who seem to have at least some sense of the magnitude of the fraud involved and the pervasive corruption of the system and government and maybe a semblance of honor in this nation of protracted decline. It never would have occurred to me back when for me, such a choice/decision was clear-cut and simple. Such a course as mine I no longer could recommend inasmuch as there is little difference between state/government sponsored crime/corruption and that perpetrated by other criminal elements, from my direct experience with both, infra: Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some federal workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the properties in my proceedings for which surplus funds are unaccounted for was a top floor balconied 2 bedroom 1 and 1/2 bath condominium (beach/boardwalk front w/indoor pool/sauna) in seaside heights, n.j. –10-31-12 Post Sandy: I’m wondering if it’s still there. ). But debauchery an american specialty? Another rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in the illegal drug trade). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city boy louis freeh, labeled by former Prosecutor Larry Klayman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.

The 10 biggest U.S. corporate layoffs of 2012

Cost of presidential race officially surpassed $2 billion { In the end, ‘the election’ was (fraudulently) fixed anyway. What a waste of time, money, and resources! What a failed nation pervasively corrupt, defacto bankrupt america is! }

China wealth-management products (patterned after the american ponzi approach) spell danger, says Fitch

QE 3 Didn’t Work… Why Would QE 4?

December 6, 2012 http://gainspainscapital.com

http://albertpeia.com/qe3qe4didntwontwork.htm

Show This To Anyone That Believes That Taxes Are Too Low

http://theeconomiccollapseblog.com

http://albertpeia.com/taxestoohigh.htm

From Good Jobs To Bad Jobs To No Jobs - The Tragic Downfall Of The American Worker

http://theeconomiccollapseblog.com

http://albertpeia.com/badjobsnojobsdownfallusworker.htm

The Only Thing You Need to Know About the Fiscal Cliff

December 4, 2012 http://gainspainscapital.com

http://albertpeia.com/fiscalheathcliff.htm

Detroit: One Of Our Greatest Cities Has Become A Desolate Wasteland Where The Lawless Reign

http://thetruthwins.com

http://albertpeia.com/lawlesswastelanddetroit.htm

Heffernan: Microsoft is back — Why the dorky Apple rival is suddenly cool { Forget cool, when it comes to computers/computing, I’m more concerned with stability and performance. As a critic of Microsoft beyond their breakthrough Windows 2000 (professional) and Word offerings, I felt compelled to comment here. XP was a dog and deserving of criticism (innumerable problems including acting as a ‘virus magnet’). Quite by ‘accident’, I plugged in an old apple usb mouse and my problems with vista (sic), Windows 7, literally disappeared (I then ordered a new usb mouse for right-click, scroll capability). Vista…Whoops, my mistake…I meant to say Windows 7 (not thinking there’s a difference; obviously I haven’t followed their recent past misguided exploits closely)… Windows 7 is by far and away superior to xp (and Vista) in every way. It apparently was the legacy mouse and problems created thereby (with ram, resources, cache/processor, etc.) that impaired stability and performance and I’m happy to say thus far, Windows 7 (with updates to date) is a solid successor to 2000 and microsoft’s best operating system to date (I have my fingers crossed as I said that … just kidding!). }

The Investment Classes That Will Most Benefit From Obama’s Second Term

December 4, 2012 http://gainspainscapital.com

http://albertpeia.com/investmentsosecond.htm

The Coming Derivatives Panic That Will Destroy Global Financial Markets

http://theeconomiccollapseblog.com

http://albertpeia.com/derivativesbust.htm

20 Shocking Examples Of How Sadistic And Cruel People Have Become

http://endoftheamericandream.com

http://albertpeia.com/20examplessadistictwistedcruelty.htm

Europe's Gluttony Olympics: Fattest, Laziest, Drunkest

http://albertpeia.com/theeugluttonistas.htm

Robert Wiedemer: Awaiting The Aftershock

http://www.zerohedge.com/news/2012-12-01/robert-wiedemer-awaiting-aftershock

Submitted by Tyler Durden on 12/01/2012

The 2007 puncturing of housing market prices and the 2008 financial market swoon are the precedents to two much larger and much more dangerous bubbles. These more pernicious threats are the dollar bubble ("printing money") and the government debt bubble ("borrowing money"). While both are expanding at a sickening pace, in the near term they deceptively make things seem much better than they are. But, like all bubbles, they are unsustainable. The Fed is well-aware of this dire probability, but finds itself increasingly stuck to avoid it. The Fed's main strategic consists completely of "hope". It's backup strategy? "Panic" and thus the need to focus on preservation of purchasing power, and positioning one's financial assets safely before the aftershock arrives.

Lock Your Doors And Prepare To Defend Your Family

http://theeconomiccollapseblog.com

http://albertpeia.com/lockdoorsanddefend.htm

Monster Sinkholes An Indication That Major Earth Changes Are Coming Along The New Madrid Fault?

http://endoftheamericandream.com

http://albertpeia.com/monstersinkholesearthquakescoming.htm

UN Control Of The Internet Would Mean UN Control Of Free Speech

http://thetruthwins.com

http://albertpeia.com/uncontrolofinternetfreespeech.htm

America's 10 best-run
and worst-run states Marketwatch
North Dakota (left) is the best-run state, according to 24/7 Wall St.'s analysis. { Yes, indeed! I can attest to the worthiness of jersey and california on the worst-run list. Yet, new york/connecticut with their (ny predominantly…connecticut is but a suburb of new york in a very ‘go along to get along’ way … then there’s the other beltway drain, virginia, a d.c. suburb with all d.c.’s faults ) large scale, nation draining corruption including wall street frauds/bailouts, etc., should make this relatively short list. }

The Big Turning Point Has Finally Hit

November 30, 2012 http://gainspainscapital.com

http://albertpeia.com/turningpoint.htm

Wake Up! 11 Facts That Show That Europe Is Heading Into An Economic Depression

http://theeconomiccollapseblog.com

http://albertpeia.com/11factseuropedepression.htm

Israel moves to build 3,000 new homes The plans include future construction in a strategic area where critics warn would kill hopes for a viable Palestinian state. { The never ending story courtesy of the war mongering, illegal nuke-toting, u.n. resolutions/international law scofflaw, war crimes nation israel. } Brzezinski: US must stop following Israel “like a stupid mule” Kevin Barrett | Brzezinski has drawn an unflattering picture of US-Israel relations. { And that goes for the politicians et als as well. Indeed, while there may have been (ie., in the past) a time that blind adherence to the pro-israeli line was a ‘political advantage’, that’s certainly no longer the case. In fact, for all Romney’s contra-indicated pro-israel babble, wobama’s jewish vote from the prior election was unchanged while Romney was hurt among other constituencies fearing a return to the moron bush neo-con/pro-israeli war mongering mindset. } { The unfortunate reality is that while rome burns, the ne(r)o cons fiddle with unreasonable israeli obsessive preoccupations born of paranoia and irrational quest for control of people who america and clinton herself warrant a separate state by way of the 2 state solution. The fact is, america’s problems are too large and grave for attention to israeli contrived, self-interested concerns. The reality is that pervasively corrupt, defacto bankrupt america has neither the time nor the resources to self-destructively dance the ‘tarantella’ with israel. }

34 Signs That America Is In Decline

http://theeconomiccollapseblog.com

http://albertpeia.com/34signsamericaindecline.htm

‘The United States is clearly in an advanced state of decline.  Many people around the world (and even inside America) rejoice at this, but not me.  I mourn for the country that I was born in and that I still love.  Yes, the United States has never been perfect, but the Republic that our Founding Fathers started truly has been a light to the rest of the world in a lot of ways over the centuries.  Unfortunately, our foundations are badly rotting and our nation is collapsing all around us.  Many Americans like to think that the United States is greater today than it has ever been before, but the truth is that America is like a patient that has stage 4 cancer that has spread to almost every area of the body.  Our nation is being destroyed in thousands of different ways, and more distressing news emerges with each passing day.  This article will mainly focus on the economic decline of America, but much could also be said about our social, political, moral and spiritual decline as well.  We are simply not the same country that we used to be.  Americans are proud, selfish, greedy, arrogant, ungrateful, treacherous and completely addicted to entertainment and pleasure.  Our country is literally falling apart all around us, but most Americans are so plugged into entertainment that they can't even be bothered to notice what is happening.  Most Americans seem to assume that we will always have endless prosperity just because of who we are, but unfortunately that simply is not true.  We inherited the greatest economic machine the world has ever seen and we have wrecked it, and now a very painful day of reckoning is approaching.  But most people will not understand until it is too late.

The following are 34 signs that America is in decline...

#1 According to the World Bank, U.S. GDP accounted for 31.8 percent of all global economic activity in 2001.  That number dropped to 21.6 percent in 2011.  That is not just a decline - that is a freefall.  Just check out the chart in this article.

#2 According to The Economist, the United States was the best place in the world to be born into back in 1988.  Today, the United States is only tied for 16th place.

#3 The United States has fallen in the global economic competitiveness rankings compiled by the World Economic Forum for four years in a row.

#4 According to the Wall Street Journal, of the 40 biggest publicly traded corporate spenders, half of them plan to reduce capital expenditures in coming months.

#5 More than three times as many new homes were sold in the United States in 2005 as will be sold in 2012.

#6 America once had the greatest manufacturing cities on the face of the earth.  Now many of our formerly great manufacturing cities have degenerated into festering hellholes.  For example, the city of Detroit is on the verge of financial collapse, and one state lawmaker is now saying that "dissolving Detroit" should be looked at as an option.

#7 In 2007, the unemployment rate for the 20 to 29 age bracket was about 6.5 percent.  Today, the unemployment rate for that same age group is about 13 percent.

#8 Back in 1950, more than 80 percent of all men in the United States had jobs.  Today, less than 65 percent of all men in the United States have jobs.

#9 If you can believe it, approximately one out of every four American workers makes 10 dollars an hour or less.

#10 Sadly, 60 percent of the jobs lost during the last recession were mid-wage jobs, but 58 percent of the jobs created since then have been low wage jobs.

#11 Median household income in America has fallen for four consecutive years.  Overall, it has declined by over $4000 during that time span.

#12 The U.S. trade deficit with China during 2011 was 28 times larger than it was back in 1990.

#13 Incredibly, more than 56,000 manufacturing facilities in the United States have been shut down since 2001.  During 2010, manufacturing facilities were shutting down at the rate of 23 per day.  How can anyone say that "things are getting better" when our economic infrastructure is being absolutely gutted?

#14 Back in early 2005, the average price of a gallon of gasoline was less than 2 dollars a gallon.  During 2012, the average price of a gallon of gasoline has been $3.63.

#15 In 1999, 64.1 percent of all Americans were covered by employment-based health insurance.  Today, only 55.1 percent are covered by employment-based health insurance.

#16 As I have written about previously, 61 percent of all Americans were "middle income" back in 1971 according to the Pew Research Center.  Today, only 51 percent of all Americans are "middle income".

#17 There are now 20.2 million Americans that spend more than half of their incomes on housing.  That represents a 46 percent increase from 2001.

#18 According to the U.S. Census Bureau, the poverty rate for children living in the United States is about 22 percent.

#19 Back in 1983, the bottom 95 percent of all income earners in the United States had 62 cents of debt for every dollar that they earned.  By 2007, that figure had soared to $1.48.

#20 Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago.

#21 Total credit card debt in the United States is now more than 8 times larger than it was just 30 years ago.

#22 The value of the U.S. dollar has declined by more than 96 percent since the Federal Reserve was first created.

#23 According to one survey, 29 percent of all Americans in the 25 to 34 year old age bracket are still living with their parents.

#24 Back in 1950, 78 percent of all households in the United States contained a married couple.  Today, that number has declined to 48 percent.

#25 According to the U.S. Census Bureau, 49 percent of all Americans live in a home that receives direct monetary benefits from the federal government.  Back in 1983, less than a third of all Americans lived in a home that received direct monetary benefits from the federal government.

#26 In 1980, government transfer payments accounted for just 11.7 percent of all income.  Today, government transfer payments account for more than 18 percent of all income.

#27 In November 2008, 30.8 million Americans were on food stamps.  Today, 47.1 million Americans are on food stamps.

#28 Right now, one out of every four American children is on food stamps.

#29 As I wrote about the other day, according to one calculation the number of Americans on food stamps now exceeds the combined populations of "Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming."

#30 Back in 1965, only one out of every 50 Americans was on Medicaid.  Today, one out of every 6 Americans is on Medicaid, and things are about to get a whole lot worse.  It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.

#31 In 2001, the U.S. national debt was less than 6 trillion dollars.  Today, it is over 16 trillion dollars and it is increasing by more than 100 million dollars every single hour.

#32 The U.S. national debt is now more than 23 times larger than it was when Jimmy Carter became president.

#33 According to a PBS report from earlier this year, U.S. households that make $13,000 or less per year spend 9 percent of their incomes on lottery tickets.  Could that possibly be accurate?  Are people really that foolish?

#34 As the U.S. economy has declined, the American people have been downing more antidepressants and other prescription drugs than ever before.  In fact, the American people spent 60 billion dollars more on prescription drugs in 2010 than they did in 2005.

So what are our "leaders" doing about all of this?

Not much.

They just continue to insist that everything is "just fine".

Sadly, the truth is that they live in a world that is very different from most of the rest of us.

Barack Obama is getting ready to take a 20 day vacation to Hawaii.

When was the last time you got to take a 20 day vacation?

And most of our "leaders" have no idea what it is like to struggle from month to month on a paycheck.

Overall, more than half of the members of Congress are millionaires.  We are led by wealthy men who are serving the interests of other wealthy men.

But the problem with our system is not limited to the president and the members of Congress.  The truth is that the political system in America has become a colossal beast that just continues to grow no matter who is in power.  The political establishment of both parties is totally dependent on this beast, and they will continue to feed it and serve it because it has been very good to them.  The following is from an outstanding article by Steve McCann...

The Republican and Democratic political establishments are made up of the following: 

many current and nearly all retired national office holders whose livelihood and narcissistic demands depends upon fealty to Party and access to government largesse;

the majority of the media elite, including pundits, editors, writers and television news personalities based in Washington and New York whose proximity to power and access is vital to their continued standard of living;  

academia, numerous think-tanks, so-called non-government organizations, and lobbyists who fasten onto those in the administration and Congress for employment, grants, favorable legislation and ego-gratification;  

the reliable deep pocket political contributors and political consultants whose future is irrevocably tied to the political machinery of the Party; and

the crony capitalists, i.e. leaders of the corporate and financial community as well as unions whose entities are dependent on or subject to government oversight and/or benevolence .

Do you think that there is any chance that this insidious system will be uprooted any time soon?

Of course not.

We will continue on the same path that we are on right now and America will continue to decline.

Many will rejoice as America falls, but I will not.

I will mourn for a mighty Republic that has fallen and for a dream that has been lost.’

All Of This Whining About The Fiscal Cliff Is Pathetic

http://theeconomiccollapseblog.com

http://albertpeia.com/fiscalcliffpatheticos.htm

The EU Just Lost Another Prop

November 28, 2012 http://gainspainscapital.com

http://albertpeia.com/anotherpropplop.htm

The Giant Currency Superstorm That Is Coming To The Shores Of America When The Dollar Dies

Economic Collapse | By recklessly printing, borrowing and spending money, our authorities are absolutely shredding confidence in the U.S. dollar.

Michael Snyder
Economic Collapse
Nov 28, 2012

http://albertpeia.com/giantcurrencysuperstormcoming.htm

Drudgereport: PRAVDA: Obama 're-elected by illiterate society'... { Or ill something or other in addition to illiterate! To reiterate and quote Ron Paul: america’s far gone! http://albertpeia.com/obamberthemistake.htm }

UN EYES CONTROL OF INTERNET { Come on! The un can’t even do what they are supposed to do! Enforce resolutions as to some nations, not others … war crimes delineated for some nations, not others … then the corruption, wasted resources, etc.. They are the ‘uncompetent’ bent on destroying/controlling the viability of the important free flow of information! }

Behind the Scenes, Germany is Already Preparing For a Grexit

November 27, 2012 http://gainspainscapital.com

http://albertpeia.com/germanypreparesforgrexit.htm

Enjoy the Holidays, Because Next Year Will Be Horrific

November 26, 2012 http://gainspainscapital.com

http://albertpeia.com/horriffic2013.htm { Indeed, it will be! }

‘This is going to be a very special holiday season. The reason? It’s the last hurrah before things get very very ugly.

Just off the cuff, you need to know that:

1)   China, the EU, and the US (comprising over 50% of Global GDP) are in recession already. The EU has already announced this. Look for the formal announcements concerning the US and China to hit the airwaves next year.

2)   Some data points concerning these nations indicate that this recession will be on par with that of 2007-2008.

A rising tide raises all ships. Similarly, a sinking tide lowers everything. Bear this in mind as a global economic contraction will have severe implications for everything.

Beyond the global economy, we now face sovereign and banking crises in Europe…’

Hungry For The Holidays: 20 Facts About Hunger In America That Will Blow Your Mind

http://theeconomiccollapseblog.com

http://albertpeia.com/hungryfortheholidays.htm

Will The Peak Of The Solar Cycle In 2013 Produce Technology Crippling Solar Super Storms?

http://endoftheamericandream.com

http://albertpeia.com/cripplingsolarstorms.htm

This the Last Push Before the Big Collapse?

November 23, 2012 http://gainspainscapital.com

http://albertpeia.com/lastpushbeforebigcollapse.htm

Black Friday Riots A Preview Of The Civil Unrest That Is Coming When Society Breaks Down?

http://theeconomiccollapseblog.com

http://albertpeia.com/blackfridayriotscivilunrestpreview.htm

How and Why a Spanish Default Would Trigger an Epic Financial Meltdown

http://albertpeia.com/epicfinancialmeltdown.htm

They Are Going To Make It Nearly Impossible To Pass On A Farm Or A Business To Your Children

http://theeconomiccollapseblog.com

http://albertpeia.com/timetogetoutofdodge.htm

10 people who led us to the ‘fiscal cliff’ Marketwatch

29 Signs That The Elite Are Transforming Society Into A Total Domination Control Grid

http://thetruthwins.com

http://albertpeia.com/dominationcontrolgrid.htm

{ First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently, primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. }

[ 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said:

The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing

http://albertpeia.com/planetalreadyruined.htm ]

Hostess gets court approval to liquidate Marketwatch { Alas, adieu sweet hostess. As a kid (as an adult as well but can’t afford those calories and haven’t had them in years), truth be told, though I liked twinkies with milk, preferably chocolate milk, I invariably opted for the cream-filled chocolate cake, chocolate iced (with the squiggle on top) hostess cupcakes; with plain milk, of course. The ‘golden-goose-killers’ strike again! }

55 Reasons Why You Should Buy Products That Are Made In America This Holiday Season

http://theeconomiccollapseblog.com

http://albertpeia.com/55reasonstobuyamericanproducts.htm

Government Website For Immigrants: Come To America And Take Advantage Of Our Free Stuff

http://endoftheamericandream.com

http://albertpeia.com/usfreebirdimmigrantsong.htm

U.S. stocks surge on hope for a debt deal Marketwatch { Hopium back in a big way and bigger than ever! Come on! They’re ‘all in this together’! Of course they’ll do some kind of ‘kick the can’ deal. The reality is that the debt problem is an insurmountable problem, in large part of their making, electioneering, politicking as usual. As for those who’ve belittled Romney for stating a fact, the reality is that both parties are guilty of same (whether in the form of a tax cut/break, government contract, failure to prosecute fraud/crime, etc.) and I’m frankly surprised that Romney didn’t point to the threats of violence by the niggers, and the rampant voter fraud extant in this banana republic. As for slimy newt calling Romney nuts for his stating reality, keep in mind that the b***s*** newty has been on the receiving end of such largesse for quite some time, unable to do anything of value and hence confined to his schmooze and b***s*** paradigm which is pervasive in america, along with fraud among other crimes. This ‘rally’ is an especially great opportunity to sell/take profits since there’s much worse to come! }

The Twinkie That Broke The Economy's Back?

http://theeconomiccollapseblog.com

http://albertpeia.com/tweekingtwinkies.htm

Moody's strips France of its triple-A rating Marketwatch

The Powers That Be Don’t Want Sovereign Bonds… They Want Gold

November 18, 2012 http://gainspainscapital.com

http://albertpeia.com//notbondsgold.htm

On America's Short-Termist And Fraud-Provoking Culture

Submitted by Tyler Durden on 11/18/2012

Two months ago we posted an excellent introduction from Dan Ariely on the truth about dishonesty. The focus on our ease of rationalizing dishonest acts struck quite a chord and as a follow-up the behavioral economist discussed several real-life examples with Capital Account's Lauren Lyster. Critically, firms are shifting their focus from long-term growth to maximizing 'shareholder-value' (since any short-term mis-step in a liquidity-fueled boom such as this is punished to the point of 'going-concern') and the increasingly short-term focused attitude not only hurts employees and taxpayers but serves to provoke a culture of dishonesty or fraud. Ariely also notes, rather interestingly, that new disclosure requirements for 'academic-based' reports merely creates a more exaggerated result - since report-preparers now know the result will be discounted further. Again, one could argue, that Bernanke's ZIRP world (and an under-the-surface reality known to all that we are on a precipice) creates an ever-decreasing time-horizon for every 'invisible-hand'-driven act we undertake: we have shifted from "Get Rich Quick" to "Get Rich Quicker...By Any Means."

The Single Most Important Research of My Career

http://albertpeia.com/summersresearch.htm

Eyewitness Accounts Of Voting Machines Turning Romney Votes Into Obama Votes

http://thetruthwins.com

http://albertpeia.com/bananarepublicusromneyvotestowobama.htm

The Worst Economic Numbers In More Than A Year

http://albertpeia.com/terribleeconomicnumbers.htm

{ Post-election, of course! }

What Really Happened When Lehman Failed… And Why Spain Will Be Much Worse

http://albertpeia.com/reallehmanspainworse.htm

THE Biggest Story in Finance That No One Is Talking About

http://albertpeia.com/derivativesdebtdefaultovervaluedsecurities.htm

InVeRTeD MaRXiSM In AMeRiKa... Posted by: williambanzai7 Post date: 11/14/2012 - 14:33 Socialism for the wealthy, capitalism for the poor... {Yeah, this is well said; and, also when convenient in terms of wall street frauds/bailouts, the corollary strategy apposite here is their modus operandi of privatizing gains and socializing losses. All in plain sight, with a little help from their friends of course: The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). }

There Will Be War In The Middle East { There will be blood! }

http://theeconomiccollapseblog.com

http://albertpeia.com/warandmiddleeast.htm

Will The Wealthy Race To Dump Stocks And Other Financial Assets Before The Fiscal Cliff Kicks In?

http://albertpeia.com/dumpthecliff.htm

22 Signs That Voter Fraud Is Wildly Out Of Control And The Election Was A Sham

http://endoftheamericandream.com

http://albertpeia.com/22signsvoterfraudelectionsham.htm

Marc Faber: Prepare for a Massive Market Meltdown

CNBC | The markets are going to go into meltdown soon, so expect stocks to lose 20 percent of their value, Marc Faber, author of the Gloom, Boom and Doom report told CNBC on Tuesday.

Election Fraud? Obama Won More Than 99 Percent Of The Vote In More Than 100 Ohio Precincts

http://endoftheamericandream.com

http://albertpeia.com/wobamaelectionfraud.htm

The Market Just Realized Two BIG Problems

November 11, 2012 http://gainspainscapital.com

http://albertpeia.com/2bigproblems.htm

GEORGE BUSH ACCIDENTALLY VOTES FOR OBAMA http://albertpeia.com/hessuchadope.htm { He’s such a dope! } { Forget the ‘new bush’ (george p. bush), same as the old bush … poor Texas … wants to finish the job of destroying the GOP and america. Even Reagan was not unscathed … cocaine distribution under the guise of some vague alleged black op with obfuscating global skullduggery … that has incompetent senior bush written all over it … spelled Iran Contra … they do it for the money and primarily because they can’t do anything else well and think they’re entitled to wealth however and by whatever means achieved … http://albertpeia.com/CIAAgentAffidavit1.jpg }

OLIVER STONE: 'I find Obama scary'... { Indeed! }

Share This Massive List Of Post-Election Firings And Layoffs With Everyone You Can

http://theeconomiccollapseblog.com

http://albertpeia.com/postelectionfiringslayoffs.htm

The Videos Every Investor Needs to See

November 9, 2012 http://gainspainscapital.com

http://albertpeia.com/videosinvestorsmustsee.htm

First Ohio; Next 'The Moon'? Submitted by Tyler Durden on 11/08/2012 While markets are digesting the probabilities of a dramatic rise in taxes and cut in spending as we approach the fiscal cliff, it appears that behind-the-scenes there has been a secret plan that we can only imagine is designed to rocket-boost us over the cliff - new manned missions to the moon. As Space.com reports, NASA is serious about sending astronauts back to the moon's neighborhood and will likely unveil its ambitious plans soon now that President Barack Obama has been re-elected, experts say. They go on to comment that "The space agency has apparently been thinking about setting up a manned outpost beyond the moon's far side, both to establish a human presence in deep space and to build momentum toward a planned visit to an asteroid in 2025. The new plans have probably already been cleared with the Obama Administration but have been kept under wraps in case Republican candidate Mitt Romney won Tuesday night's (Nov. 6) presidential election." While the claims are that this will not increase the budget, we suspect out-of-this-world manned outposts cost a little more than the $17.7bn budgeted for NASA in 2013... someone is clearly eating space-cakes. Ironic really given our earlier post... { Riiiiight! Sounds like a plan! After all, the new mooney gold and mooney diamond mines on the mooney moon will pay for themselves and the mission … The reality though is a new boondoggle to fleece the treasury/taxpayers…

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

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

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

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

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

3 annuity mistakes to avoid http://www.marketwatch.com/story/3-annuity-mistakes-to-avoid-2012-11-08?link=MW_latest_news

The Politicians We Have Chosen Reflect Who We Are As A Nation

http://theeconomiccollapseblog.com

http://albertpeia.com/politicalmirror.htm

America Has Shifted To The Left And The Culture War Is Over

http://endoftheamericandream.com

http://albertpeia.com/americasleftturn.htm

16 Quotes That Show How Much People Are Freaking Out Over Four More Years Of Obama

http://thetruthwins.com

http://albertpeia.com/16quotesfreakout.htm

Did the Bank of England Just Kill the QE Trade?

http://albertpeia.com/bekillsqe.htm

Dave’s Daily: http://www.etfdigest.com ‘… I must say the election results weren’t a great surprise but the outcome did make me wonder about what country I’m living in. After all, what president could run on this kind of record and win?…’

Investors Fear More Than Just a 'Fiscal Cliff' http://albertpeia.com/worsethanfiscalcliff.htm

The Three Items Every Investor Needs to Be Aware of Going Forward

http://albertpeia.com/3items.htm

Thousands Of Shocking Threats Of Violence By Obama Supporters On The Eve Of The Election
http://albertpeia.com/funlovinniggers.htm
{These dumb niggers/losers (that includes ‘the white folks’ et als self-destructively supporting unequivocally failed, jive-talking grifter, nigger obama) are nothing less than terrorists and should be treated accordingly; unless the so-called ‘war on terror’ was but a diversion from the incompetence and failure of this and prior administrations! }

Investment Outlook

November 2012

Time To Vote!

William H. Gross

http://albertpeia.com/grossoutlook.htm

Obama Campaigns In Vegas While Storm Victims Defecate In The Hallways And Rummage Through Garbage Dumpsters For Food

http://albertpeia.com/obamaseternalcamtheirpain.htm

Spain Offers Yet Another Impossible Solution to Its Problems

http://albertpeia.com/todreamtheimpossibledream.htm

Anarchy Along The Jersey Shore And On Long Island In The Aftermath Of Hurricane Sandy

http://albertpeia.com/anarchyjerseynewyork.htm

Americans Aged 18-29 Have A More Favorable Response To Socialism Than To Capitalism

Submitted by Tyler Durden on 11/01/2012 { That’s largely because they’re living in a failed socialist plutocracy and have a failed socialist/pro-communist president, all under the guise of a capitalist/free society/democracy; which of course, the latter being an absolute fiction. Quite simply, they’ve never even seen capitalism. }

http://albertpeia.com/jerseyshorebeforeaftersandy.jpg

Bloomberg: In Your Face Warming Propaganda Prisonplanet.com | Meanwhile actual scientists disagree. { bloomberg’s actually proven himself to be the failed flake of new york historic proportion; from soda, to smoking tobacco (as in california, only crack, marijuana, etc., are allowed), to encouragement of the ‘fraudulent-wallstreet-centric’ climate, etc.. He also if you’ve watched closely, seems to have gotten very weird indeed. Prescription drugs maybe? Valium? Prosac, etc.? }

Why Germany Wants to See its US Gold { Good luck with that … I don’t think so … maybe a few token bars but not the now predominant tungsten goldplate http://albertpeia.com/foolsgold.htm }

Spiegel | For decades, almost half of Germany’s gold has been stored deep below the Federal Reserve Bank of New York. Now, with the euro crisis swirling, German politicians are asking their central bankers to take stock.

NY state asks feds to cover all $6 billion in storm costs... { Between wall street frauds/bail outs, outright theft from the new york fed, etc., in the trillions, what a national drain new york is! }

Somebody Should Start The 'Stuff Costs Too Much' Party

http://albertpeia.com/inflationrisingfastandfurious.htm

…Worse Than 2008?

http://albertpeia.com/worsethan2008.htm

{ The only reason that it doesn’t appear that way here yet (though still quite bad) is because of the profligate spending of money the nation doesn’t have to hide obama’s egregious failure as president; exacerbating the nation’s already dire predicament economically and otherwise. }

Superstorm Sandy's extremes, by the numbers AP By The Associated Press { Damage estimates are conservative and likely to go significantly higher.}

Guest Post: The Tremendous Economic Benefits Of Superstorm Sandy

Submitted by Tyler Durden on 10/31/2012 { I really have to say, I was thinking the same thing regarding the outlandish spin (the ubiquity of which regardless of reality helped get us to this precarious point in the first place) to be accorded this unequivocally devastating blow to the economy, on top of all the other ‘deferred/pending’ blows to come! Really! }

18 Startling Quotes About The Incredible Destruction Caused By Hurricane Sandy

http://albertpeia.com/18quotesaboutsandydestruction.htm

THERE’S SOMETHING ABOUT THAT SANDY … SHE AIN’T NO LADY! http://albertpeia.com/sandyaintnolady.htm

11 Horrifying Photos Of The Devastation Caused By Hurricane Sandy

http://albertpeia.com/11horrifyingphotosofsandydestruction.htm

The $100 Billion Storm: 17 Things You Should Know About Hurricane Sandy

http://albertpeia.com/17thingsaboutsandy.htm

Where Should Gold Be Based On Inflation?

http://albertpeia.com/wheregoldshouldbebasedoninflation.htm

The World Series champion Giants return home

San Francisco Chronicle { Congratulations to the World Series Champion Francisco Giants! }

Will The Bottom Fall Out? 15 Signs That Layoffs And Job Losses Are Skyrocketing

http://albertpeia.com/layoffsjoblossesskyrocketing.htm

Spain is 100% Totally Beyond Saving

http://albertpeia.com/spainbeyondsaving.htm

37 Facts About How Cruel This Economy Has Been To Millions Of Desperate American Families

http://albertpeia.com/37factscrueleconomydesperateamericans.htm

The Truth About Europe… Which the Media Won’t Report

http://albertpeia.com/truthabouteumediawontreport.htm

Debates 'diminished' Obama, says Romney "You can boil down what he's saying to four simple words: more of the same," Romney said today in Reno. { I’m truly astounded that after 4 years of b***s***, lies, profligate spending for obfuscation but much vacation, and consequent unequivocal failure, people are even listening to, much less ‘buying’ what wobama desperately says. Not even a word from 0 is worth listening to. That includes those who should supposedly know better. Moreover, self-respect requires that americans reject wobama’s desperate campaign slings, arrows, and desperate entreaties which ignore the reality of his blatant failure in large part owing to his having failed to do as promised last ‘eternal campaign’. Then there’s the threats and intimidation from the niggers who are like ignorant, vicious animals in lockstep accord with the abject and utter presidential failure obama; yet, such typical ‘clannish’ racism by blacks is virtually ignored and rational opposition to the failure spelled ‘0’ is being cast as racist. How can any nation survive such contraindicated insanity. I’m truly amazed! }

Why Greg Smith Left Goldman: Wall St. Now an 'Eat-What-You-Kill System'

Dutch court says Samsung does not infringe Apple patent [ Though contrary, american courts almost without exception and the federal system generally, are so corrupt and lacking in credibility that they really deserve no precedential, jurisprudential respect…and get none. From my direct experience: One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). ( I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! http://albertpeia.com/selfdefense.htm ) ]

This Could Be the World’s Largest, Most Toxic Banking System…

http://albertpeia.com/largestmosttoxicbanksystem.htm

What If We Adopted A System Where The Banks Did Not Create Our Money?

http://theeconomiccollapseblog.com

http://albertpeia.com/systemwherebanksdontcreatemoney.htm

Will Frustrated Homeowners And Armed Posses Take Matters Into Their Own Hands As Home Invasions Rise?

http://endoftheamericandream.com

http://albertpeia.com/selfdefense.htm

[ One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! ]

Romney’s Detroit op-ed jumps to NYT’ ‘Most Read’ list

New Obama ad inflates jobs claim It claims the president created 5.2 million new jobs. The total number of jobs added is actually about 325,000. { Wobama is such a b***s***! O is a big ZERO as in 4 failed years minus 4 more years of failure equals 0 years to go come 11-6-12 and 1-21-13! O’s such a lying con/grifter! }

Lance Armstrong and America’s growing culture of psychopathic liars Natural News | Lance Armstrong’s implosion is being called an “epic downfall” by CNN.

Obama’s attacks on Romney belittle presidency Marketwatch { Indeed! Come on! What can wobama say? He has but a record of abject failure to run on! And, the record IS unequivocally utter failure! All the choom fantasy, fellow nigger intimidation and threats will not change that fact! Drudgereport 10-23-12: Obama Supporters (niggers et als) Continue Threats To Riot, Assassinate Romney... }

Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm

50 Crazy Things That Obama Supporters Are Threatening To Do If Romney Wins

http://albertpeia.com/50crazythingswobamasupportersthreatening.htm

{ The question is do americans have the courage to stand up to the uncivilized terrorist niggers by giving the deserved boot to an egregiously failed president obama who has proven himself to be a typical jive-talking b***s*** nigger himself! Or, are americans going to cower in fear of the nigger threats and prove to the world they are but cowards of a failed nation. }

New Threats to Riot if Obama Loses Election... [ The threats alone are a reason sufficient for backing President Romney. If left unchecked, the nigger terrorists will be even further emboldened to their already egregious criminal, terroristic ways. No man, woman, or child will be safe if the lethal black cancer grows. The 4 years of O have been complete, utter failure and no amount of wobama b***s*** and nigger intimidation can change that fact! Quite simply, niggers are inherently criminal terrorists: Examples of what people are saying include the following;

“If obama dont get re-elected & romney wins .. on life every white persons getting pistol whipped and im startin a riot.” (SOURCE)

“If Obama don’t win lets start a riot so Romney know what he’s getting himself into.” (SOURCE)

“You know you ain’t shit if you gotta “MAKE” Mafukas vote for ROMNEY ! …. Mannnn OBAMA better get back in office . Or BLACK FOLKS will riot.” (SOURCE)

“If Romney wins im goin on a rampage.” (SOURCE)

“If Mitt Romney wins the election I think its our duties as Black folks to riot and fuck shit up.” (SOURCE)

“If every action IS met with an equal and opposite reaction ..what should workers do to employers if Romney’s elected? #Riot in the streets!!” (SOURCE)

“If Romney becomes president let’s all start a riot.” (SOURCE)

“If romney wins, imma start a mf’n riot! Rns.” (SOURCE) ]

[ Will The Election Results Cause Massive Riots To Erupt All Over America?

http://theeconomiccollapseblog.com

http://albertpeia.com/massiveriotsinamerica.htm

{ Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family

http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

{ Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks should be outraged! }

Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }

Did the final presidential debate do anything to influence who you will support in ... NBCNews.com  { The following comment is correct. The other aspect is that people are seemingly pathetically ignoring that O’s last 4 years have been an abject, utter failure in spectacularly unprecedented fashion. A sad commentary on the state of the nation when such blatantly clear reality is ignored by so many, including those who should know better.} ‘Obama has told no truth in 4 years. He can't wave his hand and ignore sequestration. We need a leader not a liar. Romney is our only choice.’

One World Economic System Kills American Jobs

http://theeconomiccollapseblog.com

http://albertpeia.com/oneworldeconsystemkillsamericanjobs.htm

Three Things Investors Don’t Know About Europe

October 22, 2012

How To Buy Bullion (What to Ask and What to Own)

October 21, 2012

The Recipe For Hyperinflation

October 20, 2012

http://gainspainscapital.com

http://albertpeia.com/europebullionhyperinflation.htm

Spain’s Back In Crisis Mode… And Will Take The EU Down With It

http://albertpeia.com/spainbackincrisismode.htm

Two bank failures take U.S. tally to 46, FDIC says Marketwatch

Microsoft’s benefit of the doubt is done Marketwatch { Indeed! } Microsoft earnings fall ahead of slate of releases { There should be no surprise here … microsoft word/windows 2000 professional … that’s it … all downhill thereafter … newer op systems are invariably unstable regardless of the amount of ram or processor (ie., AMD/Intel). Terrible! Pathetic! Horrible! What can you expect from a failed government protected monopoly. }

Pimco says U.S. downgrade imminent Marketwatch

The failed banana republic/welfare state of california, for wobama with eyes closed, a corruption/fraud/crime-ridden state desperate to help 4 year failure obama by whatever fraudulent/corrupt means:

‘…Business Insider's Henry Blodget claiming that "Well, we're glad to say that we've finally gotten to the bottom of what happened" and that the state in question is none other than California (supposedly as opposed to Illinois to shut up those wacky conspiracy theorists). Turns out the site known best for its slideshow presentations (which will soon double down as advertisements) may have once again fibbed just a little, following an official demand by none other than California state Employment Development Department direct, Pam Harris (the lying nigger), that BI retract its article. To wit: "Reports that California failed to fully report data to the U.S. Department of Labor, as required, are incorrect and irresponsible... It’s unfortunate this ‘reporter’ and others who repeated the article’s erroneous statements chose to speculate rather than report, failing to confirm this information with EDD." Sure enough, the 'reporter' in question replied, and it appears that Business Insider is better informed than California when it comes to matters such as these, and has refused to retract…’

http://www.marketwatch.com/story/ignore-volatile-jobless-data-hiring-still-slow-2012-10-18

‘…The culprit: California. The nation’s most populous state appears to have shown a smaller number of claims than usual two weeks ago. The seeming shortfall was probably made up for in the most recent data. Since California is the state with the highest number of overall claims, it can have a big influence on the weekly U.S. report. The number of people who apply for benefits each week in the Golden State is roughly equal to New York, Texas and Illinois combined. A message left with the employment development department of California wasn’t immediately returned…’

What can you expect from niggers...0! The niggerization of caifornia: 10 states stealing California's population { Stealing? I don’t think so. There’s really nothing positive to say about california as a (w)hole! Only jersey is worse! http://albertpeia.com/calihole.htm And, as recently as the Reagan ‘80’s that was not nearly the case concerning california which has fallen far and fast. } , What Do California And Detroit Have In Common? (Hint: niggers, etc.) http://albertpeia.com/californiadetroitdeclineincommon.htm { Not to be confused with the baseball Tigers: Congratulations on your pennant win! Go Big Cats! }, Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm Pro 0 New York’s not much better with their trillion dollar wall street frauds/drain.

55 Facts About The Debt And U.S. Government Finances That Every American Voter Should Know

http://albertpeia.com/55factsaboutusdebtfinancesvotersshouldknow.htm

Microsoft earnings fall ahead of slate of releases { There should be no surprise here … microsoft word/windows 2000 professional … that’s it … all downhill thereafter … newer op systems are invariably unstable regardless of the amount of ram or processor (ie., AMD/Intel). Terrible! Pathetic! Horrible! What can you expect from a failed government protected monopoly. }

50 Crazy Things That Obama Supporters Are Threatening To Do If Romney Wins

http://albertpeia.com/50crazythingswobamasupportersthreatening.htm

{ The question is do americans have the courage to stand up to the uncivilized terrorist niggers by giving the deserved boot to an egregiously failed president obama who has proven himself to be a typical jive-talking b***s*** nigger himself! Or, are americans going to cower in fear of the nigger threats and prove to the world they are but cowards of a failed nation. }

[ Will The Election Results Cause Massive Riots To Erupt All Over America?

http://theeconomiccollapseblog.com

http://albertpeia.com/massiveriotsinamerica.htm

{ Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

…

The following are 50 crazy things that Obama supporters are threatening to do if Romney wins...

if romney wins i will cry in the fetal position every day (Source)

I'm serious: if Mitt Romney wins the presidency I'm moving to La Jolla to live in his vacant mansion #election (Source)

#IfObamaDontWin ima be walking around playing #2Pac with a 38 on my hip every where i go" (Source)

Best believe if Romney wins I'm dropping out and selling drugs (Source)

If romney win ima start bac robbin white folks.! (Source)

if Romney actually wins, I'm starting a riot (Source)

If Romney take away weave & my yams(foodstamps) . Ima get his White Asz (Source)

If Mitt Romney wins , I'm never having sex again! (Source)

if Romney wins and there's a riot, I'm participating! (Source)

#IfObamaDontWin hell yeah America should riot and kill Romney!!! (Source)

if #Romney becomes president ima find away to be in the black panthers so we can take that mf out. (Source)

If Mitt Romney wins the election, I volunteer as tribute for the Hunger Games (Source)

If Romney Get Elected , The Only Hope Ima Have Is Sellin Dope ! #Gshit (Source)

Why ppl say if Romney win it's back to the feilds? Lol if he win ima blow the white house up (Source)

If mitt Romney gets elected then ima buy all the tampons in the store!!!!!!!! And probably buy them in bulk from Sam's club (Source)

If Romney takes away food stamps 2 Chainzz in this bit IMMA START A RIOT (Source)

If romney do win.. This riot is gon help out my christmas shoppin alot lol (Source)

I think we are all being too kind as Dems. If Romney wins see how kind he will be to our Middle class disappearing pockets. This is war! (Source)

If Romney wins I'm moving out of the country.. (Source)

If Romney wins who’s moving to Canada with me? (Source)

#IfObamaDontWin Im moving to mexico lol (Source)

I swear if #Romney wins Im legit packing up my stuff and moving to england!! I cant stand him! He always changes his mind! (Source)

#IfObamaDontWin Why hello Italy.. I'm going back. (Source)

If Romney wins the election I'm fleeing to Brazil after graduation. (Source)

#IfObamaDontWin Im Moving To Ghana (Source)

#IfObamaDontWin I'm Moving to Zimbabwe. (Source)

I’m an undecided voter. I haven’t decided where I’m moving if Romney wins. (Source)

My mom said if Romney wins we're leaving the country ^.^ (Source)

#IfObamaDontWin people are gunna move to a different country were they can get financial help (Source)

I think ima start a riot if romney win. (Source)

Maybe workers should stand together and tell bosses if Romney wins they're walking off the job. (Source)

If I see another "Romney" sign I swear ima knock it down... -_- #Obama2012 (Source)

Ima start stealing Romney signs for a bonfire lol (Source)

if romney wins our ppl will riot.... (Source)

If Romney became President and took away welfare Downtown Cincinnati would become a riot (Source)

If Mitt Romney wins come Nov. I'm becoming an Atheist Nun, just to shut-down those dickheads that want take control over me. (Source)

If romney becomes president just know it's gone be a RiOT ! People can't stand him. (Source)

Guys if Romney wins that means no more food stamps. The hood is about to have its own hunger games... (Source)

Oh wow! I heard there is gunna be a big riot if Romney wins! (Source)

When Romney wins, deys arl gonna riot and kill the cwacker, and da rest of da whiteys too. (I CAN'T F$KING WAIT!) I need a target rich envir (Source)

@FloggerBarb LMAO! Naw, my homeboy paged me. Say he gots to axe me a question about rioting #ifobamadontwin holla, jig! (Source)

If mitt Romney wins instead of ridin round wit da Nina we Gonn be ridin round wit dat pistol (Source)

Dear American pro-lifers, if Mitt Romney becomes president, I will personally abort one foetus for every vote he wins. #tryme (Source)

I Heard Mitt Romney , Tryna Take Away Food Stamps , If He Do ."IMA START A RIOT , IMA START A RIOT" (Source)

If Romney wins Ima start a riot ill burn the whole White House down (Source)

If Romney wins then ima take it upon myself to assassinate his ass!! (Source)

IF MITT ROMNEY WINS THERE WILL BE A CIVIL WAR (Source)

If Romney wins, I think I'll kill myself. Can't live through the indignity of that on top of a really crappy year. (Source)

I Hope The USA Is Well Aware That If In The Event This Character Romney Wins The Election, The People Will Start A Country Wide Riot! #Power (Source)

If Mit Romney win ima start a fucking riot str8 burning shit down (Source)

Two Facts You Need to Know Before November 6th

http://albertpeia.com/twofacts.htm

The Last Days Of America? 25 Signs Of Extreme Social Decay

http://albertpeia.com/lastdaysofamerica.htm

Waiting On November 6th

http://albertpeia.com/waitingforgodoe.htm

There Is A Staggering Amount Of Feces In Our Food

http://albertpeia.com/americanfoodfeces.htm

Global Food Reserves Have Reached Their Lowest Level In Almost 40 Years

http://thetruthwins.com

http://albertpeia.com/globalfoodreservesdown.htm

21 Signs That The Global Economic Crisis Is About To Go To A Whole New Level

http://albertpeia.com/21signsglobaleconomiccrisisabouttogetmuchworse.htm

Greece Is Not Poor - It Actually Has Massive Uptapped Reserves Of Gold, Oil And Natural Gas

http://albertpeia.com/greeceyuntappedwealth.htm

Bear market may begin Tuesday { We are in a secular bear market (foolishly) obfuscated by fiat paper currency creation/printing! }

Did Bernanke Bluff About QE3?

http://albertpeia.com/bernankebluff.htm

The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die

http://thetruthwins.com

http://albertpeia.com/allfornaught.htm

[ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

Marketwatch: Florida poll shows Romney leading Obama by 7 points

FOX: Stocks: More decay is on the way In times like these, a medium-term speculator's prey is usually found in the more-speculative climes of the market, i.e. Nasdaq titles.

Poll: Romney leads Obama in Florida by 7 points

Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm } You can tell a lot about a person by the jewelry that they wear and by the things that they carry around in their pockets, and Barack Obama's "lucky charms" include a Hindu god, a Masonic emblem and a "wedding ring" that has the phrase "there is no god except Allah" inscribed on it.  So what do these things tell us about Barack Obama? …’ , 1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

Dave’s Daily: http://www.etfdigest.com ‘JOBLESS CLAIMS SNAFU 10-11-12 You can almost hear Jack Welch’s “I told you so” after Thursday’s Jobless Claims data was released…’

Jack Welch: I Was Right About That Strange Jobs Report

WSJ | The 7.8% unemployment figure released by the BLS last week is downright implausible.

{ How pathetic, desperate, corrupt and dishonest is the wobama et als’ latest manipulation … 10-11-12 Kass: " Labor Dept said one large state didn’t report additional quarterly figures as expected, accounting for a substantial part of the decrease." }

http://ransquawk.com News Headline Summary

Several factors have been attributed to the lower than expected US initial jobless claims number, including the following:

- The US Labor market noted that one state accounted for the entire drop.
- It is the first week of the quarter which historically adds volatility, especially with expectations of a seasonal adjustment.
- Extended benefits rose (+13,802) in the latest week due to the state of NY returning to the program starting Sept 9th.

Update details:

- Although initial upside was seen in US stock futures, most of the move has since been pared as attention paid to these factors.

Al Peia  •  20 mins ago (posted to Yahoo News) What large state? Nobody seems to care. That state's going to pay for the scam/fraud/corruption. What state?!

Will The Election Results Cause Massive Riots To Erupt All Over America?

http://theeconomiccollapseblog.com

http://albertpeia.com/massiveriotsinamerica.htm

{ Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

UNSUSTAINABLE

http://albertpeia.com/unsustainable.htm

Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah"

http://endoftheamericandream.com

http://albertpeia.com/ohowweird.htm

Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm } You can tell a lot about a person by the jewelry that they wear and by the things that they carry around in their pockets, and Barack Obama's "lucky charms" include a Hindu god, a Masonic emblem and a "wedding ring" that has the phrase "there is no god except Allah" inscribed on it.  So what do these things tell us about Barack Obama?  That is a very good question.  Perhaps someone should ask him about these items.  If he is indeed a Prince Hall Freemason (as has been publicly reported), then he should just come out and admit it.  If he feels a connection to Hinduism or Islam, then he should just come out and admit it.  One of the biggest things that annoys so many people about Obama is the secrecy that he has about his past.  There are vast stretches of his history that nobody is even supposed to talk about.  We are all just supposed to accept that he is a "Christian" man that is not into any freaky stuff even when there is a tremendous amount of evidence to the contrary…’

Euro erases gains after Spain downgraded

S&P cuts Spain's rating to one notch above junk

Playing games with pensionsPublic pensions are severely underfunded, threatening the retirements of government workers and taxpayer wallets.

Food Inflation To Surge, Goldman Warns

28 Good Questions That The Mainstream Media Should Be Asking

http://albertpeia.com/28questionsmainstreammediashouldbeasking.htm

The Largest Economy In The World Is Imploding Right In Front Of Our Eyes

http://albertpeia.com/largesteconomyimploding.htm

MF cuts 2012, 2013 global growth forecasts Marketwatch

The Inflation Rate Is A Lie Too

http://albertpeia.com/inflationrateisalietoo.htm

Is China an economic miracle, or one massive Government-Sponsored fraud?

http://albertpeia.com/chinamiraclegovernmentfraud.htm

Spain: How One Country Could Take Down the Entire EU Banking System

http://albertpeia.com/spaincouldbringdowneubanksystem.htm

Police: "Enter (niggertown) Detroit (and niggertown chicago) At Your Own Risk (and any other towns where there are niggers in abundance) "

http://albertpeia.com/detroitdeathsdoor.htm

Romney leads by four points in post-debate survey

Obama Flying to LA to Reassure Hollywood Donors Hollywood Reporter - Oct 6, 2012 --- The president arrives for a star-studded concert and high-roller dinner on Sunday amid "shock" in Hollywood over his Denver debate performance. { Sure…Forget about reassuring the nation that he’s something other than the failed, grifting incompetent jive-talking b***s*** nigger that he has proven to be after four years; instead, reassure the ‘brain-dead-of-nutwood’ bankrolling his unmitigated failure! The b***s*** performance … fellatio anyone? … says obama. }

Welch: Obama manipulating numbers after debate performance... { There are some people (and their assessments) that you might dismiss as light-weight partisans… Jack Welch is not one of them! Indeed, among the rarest breed historically of exceptional american CEO’s, Welch points to the folly of preposterously a month before elections, on paltry/pathetic jobs numbers ( election year temp/part-time for manipulating stats along with the nebulous ‘stopped looking’ fudge factor) , following a disasterous debate showing (of wobama failure and incompetence), the unemployment rate falls to just below the ‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is tantamount to the obama 100% employment fantasy where literally everyone but him has stopped looking for work and hence, not counted in compiling the unemployment rate (and then those jobs in the millions lost and gone forever on his watch - what a banana republic!). Come on, wake up!: JACK WELCH: OBAMA IS MANIPULATING THE JOBS NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS AWFUL…UNBELIEVABLE JOBS NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T DEBATE SO CHANGE NUMBERS. }

Read more: http://www.businessinsider.com/jack-welch-obama-jobs-report-numbers-romney-2012-10#ixzz28QfCZ67d

JACK WELCH: Obama Is Manipulating The Jobs Numbers Because His Debate Performance Was Awful

Business Insider | Former GE CEO Jack Welch’s reaction to non-farm payrolls adding 114,000 new jobs in September and the unemployment rate falling to 7.8 percent. Welch: Obama manipulating numbers after debate performance... { There are some people (and their assessments) that you might dismiss as light-weight partisans… Jack Welch is not one of them! Indeed, among the rarest breed historically of exceptional american CEO’s, Welch points to the folly of preposterously a month before elections, on paltry/pathetic jobs numbers ( election year temp/part-time for manipulating stats along with the nebulous ‘stopped looking’ fudge factor) , following a disasterous debate showing (of wobama failure and incompetence), the unemployment rate falls to just below the ‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is tantamount to the obama 100% employment fantasy where literally everyone but him has stopped looking for work and hence, not counted in compiling the unemployment rate (and then those jobs in the millions lost and gone forever on his watch - what a banana republic!). Come on, wake up!: JACK WELCH: OBAMA IS MANIPULATING THE JOBS NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS AWFUL…UNBELIEVABLE JOBS NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T DEBATE SO CHANGE NUMBERS. }

Reason For Today’s Unemployment Rate Plunge: Part-Time Jobs For Economic Reasons Surge Most Since QE1 Announcement

Zero Hedge | We already noted the absolutely stunning surge in reported Household Survey jobs which “added” 873,000 jobs.

A Jobs Report Conspiracy?

http://theeconomiccollapseblog.com

http://albertpeia.com/jobreportcon.htm

{ Come on! People have to start calling a spade a spade! O’s just a typical incompetent, jive-talking b***s*** nigger! He is so pathetic and a total embarrassment! }

‘Well, isn't that convenient?  The Obama campaign desperately needed the last employment report to be released before the election to show that the unemployment rate had fallen below 8 percent, and somehow it magically happened.  Even though non-farm payroll employment only increased by 114,000 last month (not enough to even keep up with population growth), the official unemployment rate fell from 8.1 percent to 7.8 percent.  So how did that happen?  Well, the unemployment number is not based on the survey of employers that showed that 114,000 jobs were added to the economy last month.  Rather it is based on a survey of households.  And that survey showed that the total number of Americans employed last month increased by a whopping 873,000 - almost eight times the number that the employer survey showed.  That figure for September (873,000) was the biggest one month increase in 29 years.  And it just happened to come at the exact perfect time for Barack Obama.  So was there a jobs report conspiracy?  Examine the evidence and decide for yourself.

The number of Americans with a job fell by 195,000 in July.

Then it fell by another 119,000 in August.

But somehow in September it miraculously exploded in the other direction and 873,000 jobs were added to the economy?

If you believe that, I have a bridge that I want to sell you.

Somehow, the largest increase in jobs in 29 years happened just when Barack Obama needed it the most.

Nah, that doesn't sound fishy to me at all.

We are being told that a big reason for the huge increase was the number of Americans working part-time for "economic reasons".  That number surged from 8.0 million in August to 8.6 million in September.

Why the sudden jump?

Nobody can really explain it.

And if you look at the U6 unemployment rate, nothing has really changed at all.  U6 is still at 14.7 percent just like it was last month.

But the media is not going to talk about the U6 rate.  Instead, all of the headlines are going to be about "7.8 percent".

According to the survey of employers, the U.S. economy added fewer jobs in September than it did in August, and it added fewer jobs in August than it did in July.

So according to the survey of employers, the employment situation in the United States is getting worse.

But according to the household survey, we just had the greatest month of job creation since the first term of Ronald Reagan.

Something does not add up.

And as I have written about previously, the unemployment rate would actually be up around 11 percent instead of 7.8 percent if not for the millions of workers that the government claims "dropped out of the labor force" over the past few years because they became too discouraged to look for work.

So unemployment in America is still a massive crisis, but the media is boldly proclaiming that things are getting better and that we are on the road to recovery…’

…

The following is a sampling of skeptical quotes about this jobs report....

Former GE chief Jack Welch

Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers

Chapwood Capital Investment Management Managing Partner Ed Butowsky

I feel like I’m watching a movie. There is no way in the world these numbers are accurate.

Neil Irwin of the Washington Post

"Weird that payrolls are exactly on forecast but household survey is far better."

Conn Carroll, senior editorial writer for the Washington Examiner

While it is highly improbable that BLS conspired to cook the books, there is still a huge 756,000 job gap between the number of jobs employers told the Labor Department they created in September (114k), and the number of Americans who told the labor department that they got new jobs (873k).

U.S. Representative Allen West

I agree with former GE CEO Jack Welch, Chicago style politics is at work here. Somehow by manipulation of data we are all of a sudden below 8 percent unemployment, a month from the Presidential election. This is Orwellian to say the least and representative of Saul Alinsky tactics from the book "Rules for Radicals"- a must read for all who want to know how the left strategize . Trust the Obama administration? Sure, and the spontaneous reaction to a video caused the death of our Ambassador......and pigs fly.

Gluskin Sheff's David Rosenberg

That the 7.8 percent jobless rate takes it to the level that prevailed when the President took office in January 2009 has raised many an eyebrow. I don't believe in conspiracy theories. But I don't believe in the Household Survey either. 

This notoriously volatile indicator has become even more so in recent months. It showed a 195K slide in July and a 119K decline in August, to only then reveal a massive 873K surge in September.

Radio host Laura Ingraham

"Jobs #s from Labor Secretary Hilda Solis are total pro-Obama propaganda--labor force participation rate at 30-yr low. Abysmal!"

Americans for Limited Government

"Either the Federal Reserve, which has its fingers on the pulse of every element of the economy, and the Bureau of Labor Statistics manufacturing survey report are grievously wrong or the number used to calculate the unemployment rate are wrong, or worse manipulated. Given that these numbers conveniently meet Obama's campaign promises one month before the election, the conclusions are obvious."

Rick Santelli of CNBC

"I told you they'd get it under 8 percent — they did! You can let America decide how they got there!"

Of course the backlash in the media against skepticism of the jobs report has been very forceful.

Already, those that are doubtful of the legitimacy of the jobs report are being called "truthers" - as if there is something wrong with wanting to know the truth.

Sadly, that is how things work these days.  If you don't like the viewpoint that some people are expressing, you just label them "conspiracy theorists".

…

{ JACK WELCH: Obama Is Manipulating The Jobs Numbers Because His Debate Performance Was Awful Business Insider | Former GE CEO Jack Welch’s reaction to non-farm payrolls adding 114,000 new jobs in September and the unemployment rate falling to 7.8 percent. Welch: Obama manipulating numbers after debate performance... { There are some people (and their assessments) that you might dismiss as light-weight partisans… Jack Welch is not one of them! Indeed, among the rarest breed historically of exceptional american CEO’s, Welch points to the folly of preposterously a month before elections, on paltry/pathetic jobs numbers ( election year temp/part-time for manipulating stats along with the nebulous ‘stopped looking’ fudge factor) , following a disasterous debate showing (of wobama failure and incompetence), the unemployment rate falls to just below the ‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is tantamount to the obama 100% employment fantasy where literally everyone but him has stopped looking for work and hence, not counted in compiling the unemployment rate (and then those jobs in the millions lost and gone forever on his watch - what a banana republic!). Come on, wake up!: JACK WELCH: OBAMA IS MANIPULATING THE JOBS NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS AWFUL…UNBELIEVABLE JOBS NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T DEBATE SO CHANGE NUMBERS. }

Will The Chinese Renminbi Replace The U.S. Dollar As The Primary Reserve Currency Of The World?

http://thetruthwins.com

http://albertpeia.com/whichcurrencythecomingdollarreplacement.htm

US Foodstamp Usage Rises To New Record High

After the debate debacle for Obama, we’ll find out if we have a race

Obama mocks Romney as ‘getting tough on Big Bird’ { Wow! Great point O. I bet that point wasn’t even teleprompted; strictly your own. Now people know why america’s going down so fast and furious! } Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. Obama: Biggest mistake too much perspiration, not enough inspiration [What total b***s***!] { Biggest mistake: too much b***s***, not enough substance; that’s reality, not spin! } White House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm } Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... [ Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against sending the DREAM Act to the Senate floor for full consideration. The bill would have created a path to citizenship for many young illegal immigrants brought to the United States as children. Last week, Obama announced plans to stop deporting illegal immigrants who would have qualified for the DREAM Act. The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama desperation hail mary’ that once again falls short. Indeed, as an investor, one analyzes earnings, projects prospective earnings over a 3-5 year horizon, and the quality of the earnings along macro economic factors which are affected by ‘political considerations’. Does anyone remember the honorable Ross Perot who warned of NAFTA’s effect on american jobs even as the democrat administration et als were hell-bent on passing same? Should Romney have breached his legal duty to shareholders and invested in companies with poor earnings prospects? After all, in the financial / security analysis step of projecting the income statement, prospective labor costs figure prominently in the bottomline. In sum, Romney took conditions as he found them, and made the prudent choices which as per his legal duty were optimal for those who put their trust in him. For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. ]
Will accept your birthday or anniversary gifts, too...

IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES (Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT (Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United States of America while Barack Obama is President.  The evidence is overwhelming:  everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed.  Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each.  Nearly 2-1/2 million fewer Americans have jobs than before the stimulus. Barack Obama has been President for 30 months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.  He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW.  His broken campaign promises are too numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!

Warnings That A Massive Stock Market Crash Is Imminent

http://albertpeia.com/massivestockmarketcrashimminent.htm

Fed's Latest Easing Has Little Impact -- Out of Bullets (As Predicted By Many, including Graham Summers, all of whom among others assert the severe inflationary impact of the misguided over-printing/creating/fiat currency and ‘weimar effect’)?

Patriots And Christians Have Been Repeatedly Labeled As Potential Terrorists Since Obama Became President

http://albertpeia.com/christianspatriotsobamasterrorists.htm

Americans May Be Getting Poorer, But At Least We Are Getting Fatter And Sicker

http://albertpeia.com/americanspoorerfattersicker.htm

The Last Housing Crash Is Not Even Over But Bernanke Is Already Setting The Stage For The Next One

http://albertpeia.com/bernankesnexthousingcrash.htm

Why You Should Be VERY Afraid of Inflation

http://albertpeia.com/fearthebighyperinflationcoming.htm

The Federal Reserve Sends Thank You Letters To Congress For Letting Them Destroy Our Economy In Secret

http://alberpeia.com/feddestroyingeconomy.htm

Time to reap gains and hedge positions Marketwatch ‘it is time to take profits’

Where We Are and Where We’re Going (10-1-12)

http://albertpeia.com/fedroadtoperdition.htm

1.4 BILLION Spent On The Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family

http://thetruthwins.com

http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm

{ Yeah! These are typical, mooching, failing (but fun-lovin’/party animals), unproductive niggers; and non-niggers should be outraged! }

Proof Positive Than Central Banks and Central Planning Fail

http://albertpeia.htm/proofofcentralbankplanningfailure.htm

Why Does Our Society Look Down On Unemployed Men So Much?

http://albertpeia.com/uslooksdownonunemployedmen.htm

14 Signs That The World Economy Is Getting Weaker

http://albertpeia.com/14signsworldeconomyweaker.htm

Small Business Owners Understand the Economy Better Than Our Fed Chairman

http://albertpeia.com/businessownersknoweconomybetterthanfedben.htm

{ I feel compelled to add here what I felt was more than just a leap of faith by Mr. Summers who has in a recent public issue stated that he believes the biggest frauds on wall street will be brought to justice. Wow! That’s really all I can say. The next thing he might say is that pervasively corrupt, defacto bankrupt america et als, along with the manipulated fraudulent securities markets, are legitimate. Wow! In his fact-filled renderings, focus more on Mr. Summer’s facts, fact-based inferences and conclusions, and less on his unsupportable opinions as, ie., prosecutions of the biggest wall street frauds are acomin’, or that meaningfully lawless america’s suddenly grown scruples along with gonads (America has neither the courage nor the will). Wow! }

{ The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed, without exception!

Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown.

http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm

Guest Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words! It’s been my direct experience for quite some time now and is quite a pathetic scenario! } Legal precedent means nothing. Rule of law means nothing. Free speech means nothing. Their own treaties mean nothing. It’s unbelievable. Anyone in the west who honestly thinks he’s still living in a free society is either a fool or completely out of touch. If that seems too radical an idea, consider that ECUADOR is now the only nation which stands to defend freedom and human rights against an assault from the United States, the United Kingdom, and their spineless allies. The west has just become a giant banana republic. Have you hit your breaking point yet? If not now… when? { { I’m really constrained to interject my own direct experience with the FBI here; and, I must say I do so lamentably. If you want no real results vis-à-vis organized crime which now extends to the upper reaches, highest levels of the corrupt u.s. government, go to the FBI. I discounted the new jersey FBI as just typical corrupt, mob infested jersey which thinks in terms of discos/casinos. But, truth be told, they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their (understated) crime stats for even a second. I’m beginning to feel foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters directly who seem to have at least some sense of the magnitude of the fraud involved and the pervasive corruption of the system and government and maybe a semblance of honor in this nation of protracted decline. It never would have occurred to me back when for me, such a choice/decision was clear-cut and simple. Such a course as mine I no longer could recommend inasmuch as there is little difference between state/government sponsored crime/corruption and that perpetrated by other criminal elements, from my direct experience with both, infra: Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some federal workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the properties in my proceedings for which surplus funds are unaccounted for was a 2 bedroom 1 and 1/2 bath condominium in seaside heights, n.j.). But debauchery an american specialty? Another rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in the illegal drug trade). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city boy louis freeh, labeled by former Prosecutor Larry Klaiman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.}

There is No Engine For Global Growth Pt 3 (the US)

September 26, 2012 http://gainspainscapital.com

http://albertpeia.com/theresnoengineforglobalgrowth3.htm

{ I feel compelled to add here what I felt was more than just a leap of faith by Mr. Summers who has in a recent public issue stated that he believes the biggest frauds on wall street will be brought to justice. Wow! That’s really all I can say. The next thing he might say is that pervasively corrupt, defacto bankrupt america et als, along with the manipulated fraudulent securities markets, are legitimate. Wow! In his fact-filled renderings, focus more on Mr. Summer’s facts, fact-based inferences and conclusions, and less on his unsupportable opinions as, ie., prosecutions of the biggest wall street frauds are acomin’, or that meaningfully lawless america’s suddenly grown scruples. Wow! }

http://albertpeia.com/bottomfeeders.gif

Dow will repeat 2007-2008 peak-crash cycle

Commentary: It’s deja vu as lessons of meltdown go unheeded

By Paul B. Farrell, MarketWatch

http://albertpeia.com/dowwillrepeatcrashcycle.htm

It's not different this time: The Dow Theory Marketwatch - Oliver Pursche

Quantitative Easing Did Not Work For The Weimar Republic Either

http://theeconomiccollapseblog.com

http://albertpeia.com/qedidnotworkforweimarrepubliceither.htm

[ http://albertpeia.com/moreqesayfraudsonwallstreet.htm { Riiiiight! Anything but reality to thwart their daily fraud, churn-and-earn national debacle. Actually, I think it’s more for the ‘sell the sizzle’ part of their ubiquitous fraud; that fraud inducing ‘hopium thing’ that’s been great for their high frequency algo trade frauds that the rest of the nation/world pays for. What’s really required is prosecution of these huge frauds, incarceration of and disgorgement and fines for the perps, without exception! } ]

QE4? The Big Wall Street Banks Are Already Complaining That QE3 Is Not Enough

http://theeconomiccollapseblog.com

http://albertpeia.com/moreqesayfraudsonwallstreet.htm

{ Riiiiight! Anything but reality that would thwart their daily fraud, churn-and-earn national debacle. Actually, I think it’s more for the ‘sell the sizzle’ part of their ubiquitous fraud; that fraud inducing ‘hopium thing’ that’s been great for their high frequency algo trade frauds that the rest of the nation/world pays for. What’s really required is prosecution of these huge frauds, incarceration of and disgorgement and fines for the perps, without exception! }

There is No Engine for Global Growth Pt 2 (Europe)

September 25, 2012 http://gainspainscapital.com

http://albertpeia.com/theresnoengineforglobalgrowth2.htm

[ http://albertpeia.com/moreqesayfraudsonwallstreet.htm { Riiiiight! Anything but reality that would thwart their daily fraud, churn-and-earn national debacle. Actually, I think it’s more for the ‘sell the sizzle’ part of their ubiquitous fraud; that fraud inducing ‘hopium thing’ that’s been great for their high frequency algo trade frauds that the rest of the nation/world pays for. What’s really required is prosecution of these huge frauds, incarceration of and disgorgement and fines for the perps, without exception! } ]

GUESS WHERE THESE BEAUTIFUL PICTURES WERE TAKEN … http://albertpeia.com/guess.htm

See if you can guess in which European country all of these beautiful pictures were taken: {0}

The 4 Middle Eastern pictures above are from Saudi Arabia, not Iran. Same thing, you say?   Actually, Saudi Arabia is doing its best to overthrow Iran via terrorism, and is persecuting Christians and Jews much more than Iran.

Maybe we should learn a little bit more before deciding whether or not to bomb Iran?

Especially since the U.S. has been claiming for more than 30 years that Iran was on the verge of nuclear capability, and top American and Israeli defense and intelligence bosses say that bombing Iran will only increase the odds that Iran will actually build a nuclear weapon?

Postscript:   Iran obviously has problems and is far from perfect.  But given the tidal wave of propaganda in the news which is doing everything possible to “demonize the enemy” to justify war, we think it is valuable to provide some balance and perspective.

http://albertpeia.com/guess.htm

Nader Calls Obama “War Criminal,” “Worse Than Bush”

Politico | “In the sense that he’s more aggressive, more illegal worldwide.” { In other words, more like a nigger! The blackbama is basically a continuation/progression of war criminal/incompetent bush! }

30 Examples of Why America Is No Longer a Free Country

Paul Joseph Watson | Nanny state is no longer on steroids, it has turned into the Incredible Hulk. { http://albertpeia.com/30examplesusnolongerfree.htm }

QE4? The Big Wall Street Banks Are Already Complaining That QE3 Is Not Enough

Economic Collapse | QE3 has barely even started and some folks on Wall Street are already clamoring for QE4.

[ http://albertpeia.com/moreqesayfraudsonwallstreet.htm { Riiiiight! Anything but reality that would thwart their daily fraud, churn-and-earn national debacle. Actually, I think it’s more for the ‘sell the sizzle’ part of their ubiquitous fraud; that fraud inducing ‘hopium thing’ that’s been great for their high frequency algo trade frauds that the rest of the nation/world pays for. What’s really required is prosecution of these huge frauds, incarceration of and disgorgement and fines for the perps, without exception! } ]

Nader Calls Obama “War Criminal,” “Worse Than Bush”

Politico | “In the sense that he’s more aggressive, more illegal worldwide.” { In other words, more like a nigger! The blackbama is basically a continuation/progression of war criminal/incompetent bush! }

30 Examples of Why America Is No Longer a Free Country

Paul Joseph Watson | Nanny state is no longer on steroids, it has turned into the Incredible Hulk. { http://albertpeia.com/30examplesusnolongerfree.htm }

Americans Are Literally Being Worked To Death

http://albertpeia.com/americansworkedtodeath.htm

{ I personally believe a new category of anxiety disorder has arisen in america which probably would fall within the broader genus of ‘obsessive compulsive’;viz., the obsessively compulsive trait being overuse of cell phones/text messaging, etc., in some instances to the point where fingers are literally rendered ‘raw’ from the typing. Such, of course, is famously promoted/encouraged (tweets, etc.) by the media, ‘celebs’, etc., and of course the ‘sellers’ of the China-made gadgets, ie., apple (I-phones, etc.), etc.. And, despite being invariably sympathetic to the plight of kids generally, I really must say it’s really rather startling and pathetic! }

19 Signs That America Is Being Systematically Transformed Into A Giant Surveillance Grid

http://albertpeia.com/usasurveillancegrid.htm

10 states stealing California's population { Stealing? I don’t think so. There’s really nothing positive to say about california as a (w)hole! Only jersey is worse! http://albertpeia.com/calihole.htm And, as recently as the Reagan ‘80’s that was not nearly the case concerning california which has fallen far and fast. }

There’s No Engine For Global Growth (China Edition)

http://albertpeia.com/theresnoengineforglobalgrowth.htm

Barron's slams Facebook, stock falls Facebook Inc.'s stock took a hit Monday after an article in the financial magazine Barron's said it is "still too pricey" despite a sharp decline since its initial public offering.

’…Though Facebook's stock has plunged since its May IPO, Andrew Bary at Barron's said the stock trades at "high multiples of both sales and earnings, even as uncertainty about the outlook for its business grows."At issue is the shift of Facebook's massive user base to mobile devices. The company is still figuring out how to advertise to people who use their mobile phones and tablet computers to access the social network. Bary said success in the mobile space is "no sure thing" for the company. Mobile ads must fit into much smaller screens, which doesn't give Facebook "much room to configure ads without alienating users," Bary said.Facebook also has what Bary called "significant" stock-based compensation expenses. Last year, the company issued $1.4 billion worth of restricted stock and $1 billion so far this year, he noted. Yet technology companies such as Facebook "routinely encourage analysts to ignore stock-based compensation expense — and most comply. This dubious approach to calculating profits is based on the idea that only cash expenses matter," Bary wrote. "That's a fiction, pure and simple."Menlo Park, Calif.-based Facebook's stock fell $2.03, or 8.9 percent, to close at $20.83 on Monday. The company went public on May 18 at a share price of $38, which it has not matched since…’

We're Entering Another Economic Collapse... Right As Inflation Hits LIft Off!

http://albertpeia.com/economiccollapseplusrisinginflation.htm

21 Facts About America's Decaying Infrastructure That Will Blow Your Mind

http://albertpeia.com/21factsamericasdecayinginfrastructure.htm

100 DAYS UNTIL LARGEST TAX HIKES IN HISTORY... http://albertpeia.com/taxmaggedon.htm

Romney releases 2011 tax return, paid IRS 14.1 percent { Average for americans is 13% … let’s talk about wobama’s record … of unequivocal failure … the real, ineluctable and ultimate issue he’s been trying to divert attention from … People must realize the magnitude of wobama’s failure and the unaffordable, insurmountable expense of obfuscation: ‘…those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure...’ ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness ( is now greater than ) $211 trillion’ … ) }

'TIME TO SHOW YOURS, HARRY'

President Obama Falsely Claims Fast and Furious Program "Begun Under the Previous Administration" Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…At some point, his statute of limitations on blaming Bush runs out…’

Obama: Biggest mistake too much perspiration, not enough inspiration [What total b***s***!] { Biggest mistake: too much b***s***, not enough substance; that’s reality, not spin! } White House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm } Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... [ Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against sending the DREAM Act to the Senate floor for full consideration. The bill would have created a path to citizenship for many young illegal immigrants brought to the United States as children. Last week, Obama announced plans to stop deporting illegal immigrants who would have qualified for the DREAM Act. The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama desperation hail mary’ that once again falls short. Indeed, as an investor, one analyzes earnings, projects prospective earnings over a 3-5 year horizon, and the quality of the earnings along macro economic factors which are affected by ‘political considerations’. Does anyone remember the honorable Ross Perot who warned of NAFTA’s effect on american jobs even as the democrat administration et als were hell-bent on passing same? Should Romney have breached his legal duty to shareholders and invested in companies with poor earnings prospects? After all, in the financial / security analysis step of projecting the income statement, prospective labor costs figure prominently in the bottomline. In sum, Romney took conditions as he found them, and made the prudent choices which as per his legal duty were optimal for those who put their trust in him. For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. ]
Will accept your birthday or anniversary gifts, too...

IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES (Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT (Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United States of America while Barack Obama is President.  The evidence is overwhelming:  everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed.  Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each.  Nearly 2-1/2 million fewer Americans have jobs than before the stimulus. Barack Obama has been President for 30 months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.  He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW.  His broken campaign promises are too numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!

Obama: 'We get Virginia, we win' { Well there you go….it’s now a one state Presidential race, winner take all…Wow!...The scary thing is that wobama seems to believe his own b***s***, even when he knows same to be false; as, ie., Dreams, etc.. Another choom gang fantasy? He really insults people’s intelligence. I personally believe, and strong case can be made, that wobama, like fellow chitown pol jackson, jr., suffers from psychological disorder(s). Indeed, at the least, from psychogenic/dissociative amnesia that makes the aforementioned facts beyond the grasp of his ‘current unreality’. I also believe that his heavy near everyday powerful pot (choom) use took its toll on his cognitive functions that have facilitated his outlandish claims and outright fabrications; exactly what the nation cannot afford in these critical/perilous times! }

Obama Blames GOP for Inability to Pass Immigration Reform { Riiiiight! Along with all wobama’s other broken campaign promises, some within his executive branch exclusive control, ie., those promised prosecutions of the biggest wall street frauds that never came, etc.. Always somebody else’s fault according to wobama the no accountability man, who motto is the debased buck stops with anyone but him. How pathetic! }

100 DAYS UNTIL LARGEST TAX HIKES IN HISTORY... http://albertpeia.com/taxmaggedon.htm

Dumb money sees a rally, so gird for a dip

84 Statistics That Prove The Decline Of The Middle Class Is Real And That It Is Getting Worse

Michael Snyder | The middle class in America is being systematically destroyed.

By Michael Snyder, on August 23rd, 2012

http://albertpeia.com/84statsdeclinemidclassrealgettingworse.htm

Is America The Most Materialistic Society In The History Of The World?

http://albertpeia.com/americanmaterialism.htm

{ When it comes to american fortunes especially; particularly, ie., fraudulent wall street-made fortunes, though otherwise with some exceptions, that old adage displayed at the beginning of one of Francis Ford Coppola’s masterfully done mafia movies, viz., ‘Behind every fortune a crime’, is apposite. }

Forget About QE… I’m Worried About UC

http://albertpeia.com/qeconsequences.htm

The richest and poorest U.S. cities by income http://albertpeia.com/25uscitiesbyincome.htm

10 Quotes From Financial Experts About The Effect That QE3 Will Have On Gold And Silver

http://albertpeia.com/10quotesfromfinancialexpertsreqe.htm

It’s Time to Air Out Ben Bernanke’s Dirty Laundry

http://albertpeia.com/rainmanhelicopterbensdirtylaundry.htm

What Mitt Romney Also Said: A Glimpse Of The Endgame?

http://albertpeia.com/mittalsosaid.htm

The Fed’s QE 3 Program: Short Term Thinking For Long-Term Pain

http://albertpeia.com/shorttermthinkinglongtermpain.htm

{ The problem is, it’s not even sound short-term thinking. Oh sure, the fraudulent churn and earn markets are loving this, yet some see this ‘non-economic’, costly obfuscating scam for its real effect and detriment; ie., Egan-Jones downgrades U.S. rating on QE3 move , etc.. }

10 Shocking Quotes About What QE3 Is Going To Do To America

http://albertpeia.com/10shocksregardingwhatqe3willdotous.htm

Dave’s Daily: http://etfdigest.com { Anti-American fury sweeps across an inflamed Muslim world { Despite casting this as being over a film, it’s not just the film; but as well, blowback for innumerable policy missteps that ultimately included direct or indirect acts of violence/aggression. These people are not blind, nor are they utter fools despite america et als’ foolish assumptions and presumptions to the contrary. } [ Guest Post: This Is Blowback ZeroHedge.com The YouTube video depicting Mohammed is nothing more than the straw that broke the camel’s back. This kind of violent uprising against American power and interests in the region has been a long time in the making. It is not just the continuation of drone strikes which often kill civilians in Pakistan, Yemen, Somalia and Afghanistan, either. Nor is it the American invasions and occupations of Iraq and Afghanistan. Nor is it the United States and the West’s support for various deeply unpopular regimes such as the monarchies in Bahrain and Saudi Arabia (and formerly Iran). Nor is it that America has long favoured Israel over the Arab states, condemning, invading and fomenting revolution in Muslim nations for the pursuit of nuclear weapons while turning a blind eye to Israel’s nuclear weapons and its continued expansion into the West Bank. ]

Draghi and Bernanke’s Worst Nightmares Are About to Unfold

September 18, 2012 http://gainspainscapital.com

http://albertpeia.com/draghibernankeworstnightmare.htm

MARKET WATCH HEADLINES http://albertpeia.com/marketwatchheadlines.htm

The Federal Reserve Is Systematically Destroying Social Security And The Retirement Plans Of Millions Of Americans

http://albertpeia.com/feddestroyingsocialsecurity.htm

How QE3 Will Make The Wealthy Even Wealthier While Causing Living Standards To Fall For The Rest Of Us

http://albertpeia.com/qe3wealthywealthiertherestpoorer.htm

Where We Are and Where We’re Going (Week of September 17, 2012) September 17, 2012 http://gainspainscapital.com

http://albertpeia.com/hereandthere.htm

‘My sense is [QE3] is going to have a greater effect on inflation and a minimal impact on jobs. ‘—Jeffrey Lacker
President , Richmond Federal Reserve Bank

University of Colorado prediction model points to big Romney win

Published: 3:54 PM 08/23/2012

By Geoffrey Malloy

Read more: http://dailycaller.com/2012/08/23/university-of-colorado-prediction-model-points-to-big-romney-win/#ixzz26ZnrMS7E

Anti-American fury sweeps across an inflamed Muslim world { Despite casting this as being over a film, it’s not just the film; but as well, blowback for innumerable policy missteps that ultimately included direct or indirect acts of violence/aggression. These people are not blind, nor are they utter fools despite america et als’ foolish assumptions and presumptions to the contrary. [ Guest Post: This Is Blowback ZeroHedge.com The YouTube video depicting Mohammed is nothing more than the straw that broke the camel’s back. This kind of violent uprising against American power and interests in the region has been a long time in the making. It is not just the continuation of drone strikes which often kill civilians in Pakistan, Yemen, Somalia and Afghanistan, either. Nor is it the American invasions and occupations of Iraq and Afghanistan. Nor is it the United States and the West’s support for various deeply unpopular regimes such as the monarchies in Bahrain and Saudi Arabia (and formerly Iran). Nor is it that America has long favoured Israel over the Arab states, condemning, invading and fomenting revolution in Muslim nations for the pursuit of nuclear weapons while turning a blind eye to Israel’s nuclear weapons and its continued expansion into the West Bank. ] }

Romney and the GOP still toe the Bush line Republican leaders are sick and tired of Democrats blaming all the nation's problems on George W. Bush, and of being tarnished by the former president's legacy. { The problem for the democrats is that, unfortunately for the nation and world, wobama’s essentially followed dumbya bush’s failed legacy with few exceptions (ie., wobama/holder’s predisposed contraindicated favoritism/bias towards blacks including black panthers, etc.). Indeed, many within ‘the fold’ include ‘bush men’ (ie., mueller, bernanke, etc.); and comparable failed policies as, ie., protracted unnecessary war, profligate spending worse than bush, rule by proclamation/executive orders, no prosecution of huge wall street frauds, etc., all contrary to campaign promises/b***s*** that got him elected, a mistake that won’t be repeated this time around. }

Schiff: QE is Final Nail in Dollar’s Coffin

Infowars.com | $40 billion in mortgage-backed securities forever.

Think You’ll be Better Off in Rural America? Think Again

Planet Infowars | Is this Obama’s vision of hope? Is this what Romney sees as the “fulfillment of the American dream” of home ownership?

Let Krugman’s Invading Space Aliens Buy iPhones

Bill Anderson | Leave it to Paul Krugman to come up with yet another creative rendition of the Broken Windows Fallacy.

Ron Paul: “Country Should Panic Over Fed’s Decision”

Zero Hedge | Noting that “we are creating money out of thin air,” Paul sums up Bernanke’s position perfectly “We’ve Lost Control!”

Gasoline Prices More than Double Under Obama: $1.84 to $3.85

CNS News | Average retail gasoline prices have more than doubled under President Obama.

Here Comes QE3

Lew Rockwell Blog | In the latest round of government “stimulus” the Fed has announced that it will be buying $40 billion in mortgage-backed securities each month for an indefinite period of time.

Happy Days Are Here Again: Stock Market Approaches All Time Highs

Mac Slavo | The Federal Reserve has officially begun its long awaited monetary stimulus, and the world has breathed a sigh of relief – for a week or two at least.

As Predicted, Bernanke Launches QE3 to Help the Big Banks … Which Will Destroy the Economy

Washington’s Blog | We predicted last week that Bernanke would launch QE3 this week.

(9-14-12) Dow 13,593 +53 Nasdaq  3,183 +28 S&P 500  1,465 +5 http://albertpeia.com/todaysbusinesssummarylinks.htm [CLOSE- OIL $99.35 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.83 (**The BTU-adjusted price of E-85 is the nationwide average price of E-85 adjusted to reflect the lower energy content as expressed in British Thermal Units - and hence miles per gallon - available in a gallon of E-85 as compared to the same volume of conventional gasoline…’ so adjusted=$4.00 – higher real than quoted price for respective states including CA, infra – another manipulation for the ‘feel good’ effect despite the inflationary over-printing of weimar dollars/currencies)(reg. gas in LAND OF FRUITS AND NUTS  $4.15 REG./ $4.25 MID-GRADE/$4.34 PREM./ $4.46  DIESELL) /  GOLD $1,769 (+24% for year 2009) / SILVER $34.56 (+47% for year 2009) / PLATINUM $1,704 (+56% for year 2009)  Metal News for the Day / DOLLAR= .77 EURO, 76 YEN, .61 POUND STERLING, ETC. (How low can you go LOWER)/  Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.78% AP Business Highlights ...Yahoo Market Update…   T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies -  Domestic / International

This Is a Secular Bear Market and The End of Buy and Hold … and Hope   The bull market that never was/were  beyond wall street b.s. when measured in gold ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression…  thecomingdepression.net The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

Graham Eats Humble Pie September 13, 2012 http://gainspainscapital.com { This is an especially great opportunity to sell this suckers’ market/take profits! Nothing’s been solved! Just because ‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember that ‘no recession call’ of his; and, of course, no QE before the election, prospectively, already discounted many times over by the ‘markets, such as they are, ie., algo buy programs, etc.. ). All this and now ‘whatever’ is too little and too late for the uss Titanic which has taken on too much, not water, but b***s***. This was a desperate move, bespeaking desperation.The fact is things are ominously so bad, and worse than ‘allowed’ to be seen for the moment, that something as this QE which is economically and financially contraindicated and a proven failure for all but the frauds on wall street along with their cohorts including desperate politicos, is resorted to in desperation to divert attention from their unequivocal failure. After all, though having cost so many americans their jobs with wrong calls and policies, bernanke is trying to save his own by inflating the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama rehired failure bernanke, President Romney would have fired, and will fire him … goldman sachs knew this dollar debasing failed policy QE 3 would come and at the expense of the muppets…that’s their term for all you suckers). I further believe this contraindicated largess to the frauds on wall street is to preserve his post fedship tenure job possibilities by ingratiating himself even further with those nefarious, self-serving interest groups. }

QE3: Helicopter Ben Bernanke Makes It Rain Money

http://albertpeia.com/debaseddollarfailedstrategy.htm

Where Would the S&P 500 Be Without Fed Intervention?

September 12, 2012 http://gainspainscapital.com http://albertpeia.com/snpfed.htm

Things Are Getting Worse: Median Household Income Has Fallen 4 Years In A Row

http://albertpeia.com/thingsworseincomefalls4inarow.htm

Thanks Obama - The Terrorists You Used To Topple Regimes In Egypt And Libya Are Now Attacking Our Embassies

http://albertpeia.com/thankswoforblowback.htm

What’s the Fed Going to Do? http://gainspainscapital.com

September 11, 2012 http://albertpeia.com/whatsthefedtodo.htm

China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar

http://theeconomiccollapseblog.com

http://albertpeia.com/debaseddollardown.htm

September 11 – Eleven Years Later (Selected Statistics)

Submitted by Tyler Durden on 09/11/2012

On the anniversary of the most emotional day in our collective memory,  here are some key statistics in the interest of truth, justice and the American way: http://albertpeia.com/september11stats.png

Dave’s Daily: This puts the “bad news is good” back on the front burner and means Bernanke has no choice but to QE and inflate asset prices. He still has “some” weapons left but he’s running out of bullets. QE bulls could care less since it’s time to party.All this QE speculation trashed the dollar (UUP) and bolstered gold (GLD) and silver (SLV). After all, if it’s balls to the wall once again these assets are the insurance against currency debasement.Individual investors are still either hiding in low yielding bonds, dividend sectors or are just on the sidelines. Those buying include corporations with buybacks, hedge funds, and overseas investors feeding on the weak dollar and to a lesser extent captive money in pension plans.The fly on the soup today was a crummy report from Intel (INTC) which issued a warning as PC demand is weak. This pulled semiconductor ETF (SOXX) and the overall technology index (XLK) lower. There is concern that PC sales are stalling given the pending launch next month of Windows 8 which is an entirely different approach from (MSFT) affecting (IGV).As stocks followed the rally from Thursday on QE hopes, bonds (IEF) took a breather but not by much given likely Fed money printing and buying.The important thing to remember about QE activity is what’s the grade? Thus far in the U.S. at any rate its money that goes first to the Primary Dealer network (mega-banks) and then may trickle down to you and me. Clearly it’s been supportive of stock prices but where is that in the Fed’s twin mandate (protect the purchasing power of the dollar and full employment)? If the mega-banks just hold the money to bolster their balance sheets then the grade is an “F”. As most know, banks aren’t lending money for mortgages or small businesses no matter how much liquidity the Fed dumps on them. I used to have a math teacher who wouldn’t give a grade less than 40. If it was less than 40 he’d circle it. You wouldn’t want a “circle 40” but this is how you’d score the Fed’s twin mandate results.Investment Tip: Don’t fight the Fed central banks.Volume on this QE addicted Friday was once again ultra-light cementing few investors in the game beyond those described above. Breadth per the WSJ was positive…’

*[ ECB INTERVENTION COMMENT DU JOUR: "CLASSIC BANANA REPUBLIC BANKING" Submitted by Tyler Durden on 09/06/2012 http://albertpeia.com/classicbananarepublicbanking.htm . { It bears repeating that never in history have the markets become so disconnected from fundamental finance, valuation, an reality and so completely and utterly fraudulent. I believe that computerization facilitating multiple frauds at lightning speed, over and over again and again along with re-hypothecation of already worthless paper at similar speeds is in part the reason for the prevalence of such fraud along with the breakdown of american among other societies into what yesteryear would have been scorned as ‘banana republics’ without any meaningful rules of law whatsoever and pervasive, almost blatant, corruption at every level. (This is not to blame computers for the bad use they’re put to.) Guest Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words! It’s been my direct experience for quite some time now and is quite a pathetic scenario! } Legendary Investor Jeremy Grantham: America is a Banana Republic Washington’s Blog | Just different bananas perhaps? [ Of course this is absolutely true! And not just from the meaningfully lawless perspective – I had made such a statement on the record in a LA Superior Court Appellate Dept. proceeding in which said court literally ignored the law (the same is true of the costly, plushly accoutered lifetime appointee federal courts) which corrupt courts should indeed be abolished in these difficult economic / budgetary times. Additionally, from pervasive corruption, to debased over-printed currency, to gunboat diplomacy, to total incompetence, etc., america is indeed a banana republic at most.] Guest Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words! It’s been my direct experience for quite some time now and is quite a pathetic scenario! } Legal precedent means nothing. Rule of law means nothing. Free speech means nothing. Their own treaties mean nothing. It’s unbelievable. Anyone in the west who honestly thinks he’s still living in a free society is either a fool or completely out of touch. If that seems too radical an idea, consider that ECUADOR is now the only nation which stands to defend freedom and human rights against an assault from the United States, the United Kingdom, and their spineless allies. The west has just become a giant banana republic. Have you hit your breaking point yet? If not now… when? { { I’m really constrained to interject my own direct experience with the FBI here; and, I must say I do so lamentably. If you want no real results vis-à-vis organized crime which now extends to the upper reaches, highest levels of the corrupt u.s. government, go to the FBI. I discounted the new jersey FBI as just typical corrupt, mob infested jersey which thinks in terms of discos/casinos. But, truth be told, they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their (understated) crime stats for even a second. I’m beginning to feel foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters directly who seem to have at least some sense of the magnitude of the fraud involved and the pervasive corruption of the system and government and maybe a semblance of honor in this nation of protracted decline. It never would have occurred to me back when for me, such a choice/decision was clear-cut and simple. Such a course as mine I no longer could recommend inasmuch as there is little difference between state/government sponsored crime/corruption and that perpetrated by other criminal elements, from my direct experience with both, infra: Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some federal workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the properties in my proceedings for which surplus funds are unaccounted for was a 2 bedroom 1 and 1/2 bath condominium in seaside heights, n.j.). But debauchery an american specialty? Another rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in the illegal drug trade). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city boy louis freeh, labeled by former Prosecutor Larry Klaiman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.

GOOGLE SEARCH – ‘LARRY KLAYMAN, LOUIS FREEH CORRUPT’

ABOUT 6,240 RESULTS (0.11 SECONDS)

· Trulock Sues FBI Director Freeh

Jul 31, 2000 – Judicial Watch is a public-interest law firm that fights corruption in government. To read Larry Klayman's letter to Louis Freeh, ...

· Judicial Watch - Because no one is above the law!

... security," said JW Chairman Larry Klayman. "His behavior stands in stark contrast to Louis Freeh, a man so corrupt he destroyed the office he led, ...

· Freedomwriter.com :: Headline News :: - America - JUDICIAL ...

“Louis Freeh will finally have to answer in court for what he did to our clients. ... answers,” stated Judicial Watch Chairman and General Counsel Larry Klayman. ...

· Infowars.com -- Talk Radio's Alex Jones v. the New World Order

Klayman, Larry, Chairman, Judicial Watch ... My name is Larry Klayman. ... interest group that investigates and prosecutes government corruption and abuse. ...... They seized his computer – these are FBI agents at the direction of Louis Freeh, ...

· JUDICIAL WATCH REJOICES AT RESIGNATION OF FBI DIRECTOR LOUIS FREEH

May 3, 2001 – Because of his corrupt behavior, Freeh was placed on Judicial Watch's ... stated Judicial Watch Chairman and General Counsel Larry Klayman. ...

· The hazing of Judge Lamberth

May 27, 2000 – By Larry Klayman ... While Judicial Watch has asked FBI Director Louis Freeh to .... lawsuits against a corrupt and unrepentant Clinton-Gore ...

SHARE YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:

The following is my comment to an LA Times article regarding a Justice Department cover-up! As for your inquiry, all I think about day and night is a long overdue resolution to the RICO litigation as set forth therein:

ATF Chief Melson:Justice Department trying to shield officials (LATimes) Serrano

I believe him!

 I truly empathize with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu:   Died February 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]

Here’s some real, complicit cover-up / fraud on the part of the federal government, et als:

October 15, 2010 (*see infra {ultimately delivered by UPS})

 Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024

 Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case  RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages)      [  ricosummarytoFBIunderpenaltyofperjury.pdf   http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf          ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as     fbicorrespondencereyes.htm     .   With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the    RICO VERIFIED COMPLAINT    (see infra). Such includes and as set forth in the case, inter alia,

A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..

Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.

The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages:   [  Shiff Order of Dismissal With Prejudice on Coan’s Failure to File        Page 1                Page 2          ]

Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [   transcript in pertinent part -     http://albertpeia.com/crossexamofcoanbypeia.pdf    ]

Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.

Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.],   Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.

Sincerely,

Albert L. Peia
611 E. 5^th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651 -magic jack}

                       ----------

*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]

Responding to your message

FROM:

Rep. Lucille Roybal-Allard

TO:

albert_peia@yahoo.com

Message flagged

Wednesday, November 16, 2011 8:48 AM

Dear Mr. Peia:

Thank you for being in touch.  As we continue the busy first session of the 112^th Congress, I want you to know that I am grateful for the various times you have shared your thoughts and concerns with me on different issues.  Please be assured that your voice is being heard and that your perspective helps me to better represent you in Washington, D.C. 

Sincerely,

LUCILLE ROYBAL-ALLARD
Member of Congress

[ This is a reply to the Congresswoman’s query among others included.]

11-5-11

Dear Congresswoman Roybal-Allard:

The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:

‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’

Sincerely,

Albert L. Peia

America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm

Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

The Criminal Banking Cartel's End Game: A 100% Digital Monetary System

Posted by: smartknowledgeu Post date: 06/07/2012 The end game of this global monetary crisis is the imposition of a 100% digital monetary system that would permanently end what little economic freedoms we still retain today. Educate. Resist. Fight... http://albertpeia.com/criminalcartel.htm { I agree with the thrust of this article which I’ve yet to read in full; if only to emphasize that with a mouse click/button/keystroke/enter you could easily be separated from your money/wealth which is a formidable intimidating threat consistent with planned subservience (and also facilitating manipulated fraud, etc.). And, don’t think they wouldn’t do it, meaningless, arbitrarily enforced laws notwithstanding. Don’t forget; government slugs all have the same employer. I experienced the corruption first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/americangovernmentdrugtrafficking.htm
http://albertpeia.com/americascorruptiondrugtrade.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm }

----------

The Next Round of the EU Implosion is at Our Doorstep

September 5, 2012 http://albertpeia.com/nextroundeuimplosionnow.htm

$83,046 For A 3 Hour Hospital Visit - Why Are Hospital Bills So Outrageous?

http://albertpeia.com/outrageoushospitalbills.htm

Some Of The Really Bad Things That Could Happen If You Do Not Prepare For The Coming Economic Collapse

http://albertpeia.com/beprepared.htm

Did Obama Just Make A Deal With Israel To Delay The War With Iran Until After The Election?

http://albertpeia.com/wobamadeals.htm

18 Indications That Europe Has Become An Economic Black Hole Which Is Going To Suck The Life Out Of The Global Economy

http://albertpeia.com/18indicationseuropesuckinglifeofglobaleconomy.htm

THREE CHARTS TO WATCH FOR SIGNS OF WHAT’S TO COME

September 4, 2012 http://gainspainscapital.com http://albertpeia.com/3chartstowatchwhatscoming.htm

Economic Failure: 58 Percent Of The Jobs Being Created Are Low Paying Jobs

http://albertpeia.com/oecofailureandlowpayjobs.htm

Dave’s Daily: http://www.etfdigest.com BERNANKE SHOWS UP, STOCKS RALLY 8-31-12 { Absolutely amazing that something that’s failed so miserably for all but the frauds on wall street, the price for which will be paid by others now and in futuro could be an accepted/anticipated/cheered strategy- How totally pathetic! How about real valuations based upon real finance, economics as opposed to the fraudulent wall street feel good from inflationary dollar debasement at everybody else’s expense! }

What Is The Best Place To Live In America? Pros And Cons For All 50 States

http://theeconomiccollapseblog.com

http://albertpeia.com/proscons50states.htm

{ You really can’t dismiss this brief/simplistic survey out of hand; after all, he gets the the following almost right (jersey should be ranked below all; ie., ‘F-‘ !) New Jersey: Pros: anyone got something? Cons: high population density, Camden, Newark, not enough jobs, multiple nuclear power plants,Atlantic City, crime, gang violence Overall Rating: D- / California: Pros: Disneyland, warm weather, Malibu Cons: high taxes, Jerry Brown, earthquakes, mudslides, wildfires, gang violence, crime, traffic, rampant poverty, insane politicians, ridiculous regulations, bad schools, political correctness, illegal immigration, not enough jobs, air pollution, multiple nuclear power plants, possible tsunami threat along the coast, Los Angeles, San Francisco, Oakland, Stockton, Sacramento, huge drug problem, high population density, the state government is broke, many more reasons to leave California right here http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm http://albertpeia.com/hopelesscluelesscalifornia.htm Overall Rating: F } ‘If you could live in any state in America, where would you go?  During troubled times like these, what is the best place in the United States to live?  A lot of people are asking these kinds of questions these days.  Our economy is on the verge of collapse, natural disasters are becoming more frequent and more intense, the U.S. population is becoming angrier and more frustrated by the day, our government has become incredibly oppressive and controlling, war could break out at any time and evidence that society is breaking down is all around us.  As our world becomes increasingly unstable, many families are considering moving somewhere else.  But what areas are best and what areas should be avoided?  Is there really a "best place to live" in America?  Well, the truth is that each family is facing a different set of circumstances.  If you have a great support system where you live, it can be really tough to pick up and move 3000 miles away from that support system.  If you have a great job where you live now, it can be really tough to move some place where there may be no job at all for you.  But without a doubt there are some areas of the country that will be far better off than others in the event of a major economic collapse.  This article will take a look at each of the 50 U.S. states and will list some of the pros and cons for moving to each one.

Not all of the factors listed below will be important to you, and a few have even been thrown in for humor.  But if you are thinking of moving in the near future hopefully this list will give you some food for thought.

A few years ago when my wife and I were living near Washington D.C. we knew that we wanted a change and we went through this kind of a process.  We literally evaluated areas from coast to coast.  In the end, we found a place that is absolutely perfect for us.  But different things are important to different people.

And if I gave your particular state a low rating, please don't think that I am trashing the entire state or all of the people who live there.

For example, there are some absolutely wonderful people that live in the state of California, and there are some areas of California that I would not mind visiting at all.  But for the times that are coming I am convinced that it is going to be a really bad place to live.

Not that I have all the answers either.  Hopefully this article can get some debates started, and hopefully those debates will help people that are thinking of moving to another state to be more informed.

The following are some pros and cons for all 50 states....

Alabama

Pros: warm weather, southern hospitality, relatively low population density

Cons: hurricanes, tornadoes, crime, not enough jobs, multiple nuclear power plants, rampant poverty

Overall Rating: C+

Alaska

Pros: great fishing, lots of empty space, low population density, great for rugged individualists

Cons: very high cost of living, earthquakes, volcanoes, extremely cold, short growing season, too much snow, potentially cut off from supplies from the lower 48 states during an emergency situation

Overall Rating: B

Arizona

Pros: warm weather

Cons: illegal immigration, wildfires, return of dust bowl conditions, not enough jobs, not enough rain, multiple nuclear power plants, crime, gang violence, Phoenix

Overall Rating: D+

Arkansas

Pros: southern hospitality, warm weather, Ozark National Forest

Cons: tornadoes, Clintons, New Madrid fault zone, multiple nuclear power plants, crime, rampant poverty

Overall Rating: C

California

Pros: Disneyland, warm weather, Malibu

Cons: high taxes, Jerry Brown, earthquakes, mudslides, wildfires, gang violence, crime, traffic, rampant poverty, insane politicians, ridiculous regulations, bad schools, political correctness, illegal immigration, not enough jobs, air pollution, multiple nuclear power plants, possible tsunami threat along the coast, Los Angeles, San Francisco, Oakland, Stockton, Sacramento, huge drug problem, high population density, the state government is broke, many more reasons to leave California right here

Overall Rating: F

Colorado

Pros: Rocky Mountains, Colorado Springs

Cons: wildfires, illegal immigration, short growing season, not enough rain, too much snow, huge drug problem

Overall Rating: B

Connecticut

Pros: beautiful homes

Cons: high taxes, insane politicians, ridiculous regulations, political correctness, short growing season, multiple nuclear power plants, high population density

Overall Rating: C-

Delaware

Pros: good fishing

Cons: Joe Biden, political correctness, ridiculous regulations, insane politicians, crime, high population density

Overall Rating: D

Florida

Pros: University of Florida Gators, oranges, low taxes, southern hospitality, Disneyworld, Gainesville, warm weather, beautiful beaches, Daytona

Cons: hurricanes, most of the state is barely above sea level, high population density, not enough jobs, multiple nuclear power plants, crime, gang violence, illegal immigration

Overall Rating: C

Georgia

Pros: peaches, southern hospitality, warm weather

Cons: not enough jobs, multiple nuclear power plants, crime, gang violence, flesh eating disease, Atlanta

Overall Rating: B-

Hawaii

Pros: awesome beaches, warm weather, great vacation destination

Cons: vulnerable to tsunamis, very high cost of living, volcanoes, traffic, high population density, high taxes

Overall Rating: C-

Idaho

Pros: awesome people live there, great potatoes, low population density, high concentration of liberty-minded individuals, low crime, Sandpoint, Coeur d'Alene, north Idaho has plenty of water compared to the rest of the interior West, beautiful scenery

Cons: cold in the winter, wildfires, short growing season, not enough jobs

Overall Rating: A

Illinois

Pros: once you get away from Chicago things are not quite so bad

Cons: Barack Obama, drought, New Madrid fault zone, high population density, political correctness, ridiculous regulations, insane politicians, crime, gang violence, Chicago, East St. Louis, not enough jobs, multiple nuclear power plants, mob robberies, the state government is drowning in debt

Overall Rating: D-

Indiana

Pros: it is in better shape than Illinois, good farming, high Amish population

Cons: drought, tornadoes, the city of Gary, relatively high population density, near the New Madrid fault zone, a "rust belt" state

Overall Rating: C-

Iowa

Pros: low population density, low crime, good farming

Cons: drought, tornadoes, cold in the winter, multiple nuclear power plants, too much snow, very flat

Overall Rating: B-

Kansas

Pros: low population density, low crime, good farming

Cons: drought, tornadoes, return of dust bowl conditions, very flat

Overall Rating: B

Kentucky

Pros: southern hospitality, great horses, Lexington

Cons: New Madrid fault zone, not enough jobs, rampant poverty, Louisville

Overall Rating: C

Louisiana

Pros: southern hospitality, warm weather

Cons: hurricanes, New Orleans, not enough jobs, tornadoes, multiple nuclear power plants, oil spills, crime, gang violence, rampant poverty

Overall Rating: D

Maine

Pros: low population density, low crime, polite people

Cons: extremely cold, short growing season, political correctness, ridiculous regulations, insane politicians, too much snow

Overall Rating: B-

Maryland

Pros: the Washington Redskins play there

Cons: Baltimore, borders Washington D.C., high population density, really bad traffic, political correctness, ridiculous regulations, insane politicians, multiple nuclear power plants, crime, gang violence

Overall Rating: C-

Massachusetts

Pros: beautiful homes

Cons: high taxes, political correctness, ridiculous regulations, insane politicians, high population density, short growing season, almost everything is illegal in Massachusetts

Overall Rating: D+

Michigan

Pros: once you get away from Detroit and Flint things get better

Cons: Detroit, Flint, Dearborn, extremely cold, short growing season, political correctness, ridiculous regulations, insane politicians, not enough jobs, multiple nuclear power plants, too much snow, a "rust belt" state

Overall Rating: D-

Minnesota

Pros: land of 10,000 lakes

Cons: extremely cold, short growing season, multiple nuclear power plants, too much snow, high taxes

Overall Rating: C

Mississippi

Pros: southern hospitality, relatively low population density, warm weather

Cons: hurricanes, tornadoes, not enough jobs, rampant poverty, crime

Overall Rating: C+

Missouri

Pros: good farming, Branson

Cons: drought, tornadoes, New Madrid fault zone, not enough jobs, crime

Overall Rating: C

Montana

Pros: low population density, low taxes, high concentration of liberty-minded individuals, Missoula, Kalispell

Cons: extremely cold in the winter, wildfires, short growing season, not enough rain, near Yellowstone super volcano, rampant poverty, too much snow

Overall Rating: B+

Nebraska

Pros: low population density, good farming

Cons: tornadoes, drought, multiple nuclear power plants, cold in the winter, very flat

Overall Rating: B

Nevada

Pros: low population density, lots of empty space, low taxes, warm weather

Cons: Harry Reid, Las Vegas, Reno, not enough water, not enough rain, wildfires, hard to grow food, not enough jobs, crime, gang violence, huge drug problem, Yucca Mountain

Overall Rating: D+

New Hampshire

Pros: low crime, beautiful homes

Cons: extremely cold, short growing season, political correctness, ridiculous regulations, insane politicians, too much snow

Overall Rating: C

New Jersey

Pros: anyone got something?

Cons: high population density, Camden, Newark, not enough jobs, multiple nuclear power plants, Atlantic City, crime, gang violence

Overall Rating: D-

New Mexico

Pros: low population density, warm weather

Cons: illegal immigration, wildfires, return of dust bowl conditions, not enough jobs, not enough rain, crime, gang violence, huge drug problem

Overall Rating: C-

New York

Pros: the entire state is not like New York City

Cons: New York City, Mayor Bloomberg, high taxes, cold in the winter, high population density, political correctness, ridiculous regulations, insane politicians, not enough jobs, multiple nuclear power plants, the "too big to fail" banks

Overall Rating: D

North Carolina

Pros: southern hospitality, warm weather, Great Smoky Mountains National Park

Cons: hurricanes, not enough jobs, multiple nuclear power plants

Overall Rating: B

North Dakota

Pros: low crime, lots of oil-related jobs, low population density

Cons: extremely cold, short growing season, too much snow

Overall Rating: B

Ohio

Pros: the Cincinnati Reds, the Pro Football Hall of Fame, high Amish population

Cons: not enough jobs, cold in the winter, multiple nuclear power plants, high population density, Toledo, Cleveland, a "rust belt" state

Overall Rating: C

Oklahoma

Pros: warm weather, good farming

Cons: drought, tornadoes, wildfires, return of dust bowl conditions, not enough rain, crime, Oklahoma City, rampant poverty

Overall Rating: C

Oregon

Pros: tremendous natural beauty

Cons: high taxes, Portland, political correctness, ridiculous regulations, insane politicians, not enough jobs, huge drug problem, possible tsunami threat along the coast

Overall Rating: C-

Pennsylvania

Pros: high Amish population

Cons: high population density, Pennsylvania, Pittsburgh, not enough jobs, multiple nuclear power plants, a "rust belt" state

Overall Rating: C

Rhode Island

Pros: so small that most people don't notice their problems

Cons: the state is flat broke, short growing season, political correctness, ridiculous regulations, insane politicians, not enough jobs, high population density

Overall Rating: D+

South Carolina

Pros: southern hospitality, warm weather, Myrtle Beach

Cons: hurricanes, not enough jobs, multiple nuclear power plants, crime, gang violence, rampant poverty

Overall Rating: B

South Dakota

Pros: low population density, fun tourist traps, the Badlands, Mount Rushmore

Cons: extremely cold, short growing season, very flat, too much snow

Overall Rating: B

Tennessee

Pros: Nashville, Michael W. Smith, southern hospitality, warm weather, Gatlinburg

Cons: Memphis, New Madrid fault zone, multiple nuclear power plants, crime, gang violence, rampant poverty

Overall Rating: B-

Texas

Pros: low taxes, warm weather, Austin

Cons: drought, illegal immigration, tornadoes, wildfires, West Nile Virus, the Dallas Cowboys, return of dust bowl conditions, speed traps, not enough rain, multiple nuclear power plants, George W. Bush, crime

Overall Rating: B-

Utah

Pros: beautiful mountains, low crime, low population density

Cons: cold in the winter, wildfires, Salt Lake City, short growing season, not enough rain, illegal to collect rain

Overall Rating: B-

Vermont

Pros: low crime, beautiful homes

Cons: cold in the winter, insane politicians, ridiculous regulations, short growing season, political correctness, not enough jobs, too much snow

Overall Rating: C

Virginia

Pros: the University of Virginia, southern hospitality, Charlottesville

Cons: borders Washington D.C., high population density, multiple nuclear power plants, Richmond, really bad traffic in northern Virginia

Overall Rating: B-

Washington

Pros: the eastern half of the state is quite nice and much different from the coast

Cons: way too much rain along the coast, volcanoes, wildfires, insane politicians, ridiculous regulations, political correctness, not enough jobs, possible tsunami threat along the coast, Seattle

Overall Rating: C

West Virginia

Pros: beautiful mountains

Cons: not enough jobs, rampant poverty

Overall Rating: B

Wisconsin

Pros: cheese, the Green Bay Packers

Cons: extremely cold, short growing season, multiple nuclear power plants, too much snow,

Overall Rating: B-

Wyoming

Pros: low population density, lots of empty space, low taxes

Cons: extremely cold, too windy, too flat, wildfires, short growing season, not enough rain, Yellowstone super volcano

Overall Rating: B-

What do you think of these rankings?

What do you think is the best place to live in America?

Do you have any additional pros and cons that should be added to this list?

Please feel free to post a comment with your thoughts below....’

Dave’s Daily: http://www.etfdigest.com ‘QE QUESTIONS { To QE or not to QE, that is the question…whether it is nobler in the mind to suffer the slings and arrows of outrageous destruction of fortunes … ah, yes … good choice Dave … I know those soliloquies by heart…and now, a little Lewis Carroll with a mad hatter none other than helicopter-ben-shalom-bernanke … }

Drudgereport: Gasoline To Hit Labor Day Record Price... { Predominantly the consequence of failed QE for the benefit of fraudulent wall street only and wobama’s (failed) re-election scam! }

Is There Going To Be A Stock Market Crash In The Fall?

http://albertpeia.com/stockmarketcrashcoming.htm

{ Short answer, YES! If there’s still any rationality left in these stock markets! }

FOUR REASONS WHY THE FED WILL NOT ANNOUNCE QE 3 THIS FRIDAY
August 28, 2012 By gpc1981
http://albertpeia.com/4reasonsnoqe3.htm

ANGELA MERKEL JUST REVEALED THE TRUTH ABOUT EUROPE August 27, 2012 By gpc1981 http://albertpeia.com/truthabouteurope.htm

It Is Not Just Your Imagination - American Families ARE Getting Poorer

http://albertpeia.com/americansgettingpoorer.htm

Forsaken And Forgotten

http://albertpeia.com/forsakenforgotten.htm

http://albertpeia.com/incometaxforwar.jpg

FORGET EUROPE… THIS IS A REAL CRISIS TO BE AFRAID OF

http://albertpeia.com/usfoodcrisis.htm

Startling Evidence That Central Banks And Wall Street Insiders Are Rapidly Preparing For Something BIG

http://albertpeia.com/centralbankswallstreetinsidersprepforsomethingbig.htm

The Mississippi River Is Drying Up

http://albertpeia.com/mississippidryingup.htm

U.S. Super Soldiers Of The Future Will Be Genetically Modified Transhumans Capable Of Superhuman Feats

The American Dream | The future of war is going to look really, really weird. http://endoftheamericandream.com

http://albertpeia.com/moredarpafollies.htm

{ I must say, regardless of the fact of time constraints (you know, that ‘end thing’) that makes all irrelevant, they can’t even control, properly manage what they have. I think Mike’s been watching too much sci-fi, not that darpa doesn’t appreciate his misplaced vote of confidence! Mike also seems to forget that obama’s a proven failure who should and will be ridden out of office on a rail. Quite simply, I believe mike’s lost his edge! }

Even the Mainstream Media Now Thinks Germany Will Walk

August 12, 2012 By gpc1981

http://albertpeia.com/eurocollapse.htm

Are The Government And The Big Banks Quietly Preparing For An Imminent Financial Collapse?

The Economic Collapse | Something really strange appears to be happening. All over the globe, governments and big banks are acting as if they are anticipating an imminent financial collapse. http://albertpeia.com/imminentfinancialcollapse.htm

You Will Not Believe What Some People Are Willing To Do For A Paycheck These Days

http://albertpeia.com/desperateforapaycheck.htm

Stop Fooling Yourself NO Entity On Earth Can Prevent This

August 14, 2012 By gpc1981

http://albertpeia.com/stopfoolingyourselftheyhavenosolution.htm

The Sobering Reality Of What Life Is Like In Reno, Nevada
http://albertpeia.com/realityofdyinguscitieslikerenonv.htm

What Exactly Can the ECB Do?

August 9, 2012 By gpc1981

http://albertpeia.com/marketsshortsqueezeeurophorialunacy.htm

14 Questions People Ask About How To Prepare For The Collapse Of The Economy

http://albertpeia.com/preparingforcollapseofeconomy.htm

Europe Is Not a Matter of Opinion… It’s a Matter of Math

http://albertpeia.com/eumathinsolvency.htm

Why Europe Matters… And How Spain Could Wipe Out Your 401(k) Posted by : Phoenix Capital... Post date: 08/06/2012 – http://albertpeia.com/eumatterswipeoutyour401k.htm In simple terms Europe is a HUGE deal for everyone. We’re not talking about some distant region far off in the distance that we will watch go down from our decks. We’re talking...

Completely Surrounded By Psychopaths And Sociopaths As We Approach The Edge Of Societal Collapse

http://albertpeia.com/psycopathssociopathsamericasocietalcollapse.htm

{ Think about this! By wobama’s own criteria in his last total b***s*** campaign, he should be stepping down; having failed on all counts and then some. He also promised to cut the nation’s deficit in half by the end of his term; yet, he has increased the nation’s deficit by a record amount greater than all the presidents since Eisenhower COMBINED ($5 trillion). He has done this to help cover up his unequivocal failure by any standard by which you measure a presidency, including his own. People in america must show the Washingtonians they are not doormats! They must stand up and let these politicos know that results count; particularly promised results. Absent positive results as with unmitigated failure, choom-gang-banger wobama, they get the boot. President Romney deserves the 4 years he’ll have to turn this disaster called america around. If President Romney doesn’t cut the mustard in 4 years as promised, then he will be out. Results Count! I believe that people in the final analysis will choose self-respect; that is, choose NOT to be wobama’s doormat. Despite and contrary to wobama’s spin/propagandameisters’ desperate spin/outright falsity which addresses anything but wobama’s clear record of failure, President Romney is smart enough, flexible enough, and with a record of concrete results behind him as compared to wobama choom fantasy/b***s***, President Romney will be a hands-on President to the entire nation in the most positive sense. As such, I believe people will choose self-respect, reality, real results which will make President Romney’s election a substantial margin blowout victory!

Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … ) Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm

Dead Crops, Extreme Drought And Endless Wildfires Are Now The New Normal In America

http://albertpeia.com/deadcropsdroughtwildfiresnewusnormal.htm

Obama Is Using The Curiosity Landing To Push Government Spending

Business Insider | President Barack Obama congratulated NASA on its successful mission to send a robotic rover to Mars tonight, calling the landing of the Curiosity an “unprecedented feat of technology.” { Riiiiight! ….. Geeeh! And here, I already thought they’ve already done that … and, it’s so helped america’s fiscal and economic position in the solar system! } { MISSIONS TO MARS TIMELINE: 1992 to 2004

September 25, 1992 - Mars Observer launched. Spacecraft designed to map the martian surface from orbit with a large, sophisticated science payload.

August, 1993 - contact lost with Mars Observer.

1995 - NASA selects Mars Polar Lander for 1999 launch.

1996 - Athena Mars Rover mission proposed (unsuccessfully) to NASA Discovery Program for launch in 2002.

November 7, 1996 - Mars Global Surveyor launched.

November 16, 1996 - Russian Mars '96 orbiter/landers launched.

November 17, 1996 - Mars '96 fails to achieve insertion into Mars cruise trajectory and re-enters the Earth's atmosphere.

December 4, 1996 - Mars Pathfinder launched.

July 4, 1997 - Mars Pathfinder lands on Mars and begins a successful mission.

September 11, 1997 - Mars Global Surveyor arrives at Mars and begins a successful mission that continues today.

September 27, 1997 - last successful data transmission from Mars Pathfinder

November, 1997 - Athena Mars Rover Payload selected for launch in 2001.

Spring, 1998 - NASA and JPL announce that due to engineering problems and funding shortages in the Mars program, launch of the Athena Mars Rover Payload will be delayed until 2003, with landing in 2004. Instead, NASA will send a stationary lander (similar to the Mars Polar Lander) to Mars in 2001. Four Athena instruments would be flown on this lander as a precursor to the full Athena investigation in 2003.

July 3, 1998 - Nozomi, Japanese Mars orbiter launched.

December 11, 1998 - Mars Climate Orbiter launched.

December 21, 1998 - course correction burns leave Nozomi with less fuel than expected. The orbiter is to remain in heliocentric orbit for five years.

January 3, 1999 - Mars Polar Lander launched.

September, 1999 - Mars Climate Orbiter spacecraft fails to achieve orbit due to a navigation error.

December 3, 1999 - Mars Polar Lander fails, apparently due to a software error.

May, 2000 - Mars 2001 Lander mission, which would have used a lander similar to Mars Polar Lander, cancelled by NASA. Mars program undergoes a major restructuring.

July, 2000 - NASA selects the Mars Exploration Rover mission for flight in 2003. The mission will send a large rover to Mars carrying the Athena Mars Rover Payload, and will use the same landing system that was used successfully by Mars Pathfinder.

August, 2000 - NASA announces that two identical rovers will be flown in 2003, each carrying identical copies of the Athena payload.

April 7, 2001 - Mars Odyssey orbiter launched; will aid in landing site selection for MER and relay data from Athena instruments.

June 2, 2003 - The European Space Agency's Mars Express Orbiter and Beagle 2 Lander launched from Baikonur, Kazakhstan.

June 10, 2003 - The MER-A rover called Spirit is launched from Cape Canaveral, Florida.

July 7, 2003 - The MER-B rover called Opportunity is launched from Cape Canaveral, Florida.

December 9, 2003 - Nozomi mission abandoned due to lack of fuel and a damaged electrical system.

December 26, 2003 - Mars Express arrives at Mars.

January 3, 2004 - The Mars rover Spirit lands.

January 25, 2004 - The Mars rover Opportunity lands.

January, 2004-present - The rovers Spirit and Opportunity operate on the martian surface. }

Spain And Italy Are Toast …Euros

http://albertpeia.com/spainitalytoastnomatterwhat.htm

Only 24.6 Percent Of All Jobs In The United States Are Good Jobs

http://albertpeia.com/only24percentusjobsgood.htm

FBI Nazi Bikers Bust FBI Nazi Group

http://albertpeia.com/fbinazibikersbustfbinazibikers.htm

Kurt Nimmo
Infowars.com
July 31, 2012

{ I’m really constrained to interject my own direct experience with the FBI here; and, I must say I do so lamentably. If you want no real results vis-à-vis organized crime which now extends to the upper reaches, highest levels of the corrupt u.s. government, go to the FBI. I discounted the new jersey FBI as just typical corrupt, mob infested jersey which thinks in terms of discos/casinos. But, truth be told, they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their (understated) crime stats for even a second. I’m beginning to feel foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters directly who seem to have at least some sense of the magnitude of the fraud involved and the pervasive corruption of the system and government and maybe a semblance of honor in this nation of protracted decline. It never would have occurred to me back when for me, such a choice/decision was clear-cut and simple. Such a course as mine I no longer could recommend inasmuch as there is little difference between state/government sponsored crime/corruption and that perpetrated by other criminal elements, from my direct experience with both, infra:

Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some federal workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the properties in my proceedings for which surplus funds are unaccounted for was a 2 bedroom 1 and 1/2 bath condominium in seaside heights, n.j.). But debauchery an american specialty? Another rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in the illegal drug trade). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city boy louis freeh, labeled by former Prosecutor Larry Klayman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.

GOOGLE SEARCH – ‘LARRY KLAYMAN, LOUIS FREEH CORRUPT’

ABOUT 6,240 RESULTS (0.11 SECONDS)

· Trulock Sues FBI Director Freeh

archive.newsmax.com/articles/?a=2000/7/30/211047

Jul 31, 2000 – Judicial Watch is a public-interest law firm that fights corruption in government. To read Larry Klayman's letter to Louis Freeh, ...

· Judicial Watch - Because no one is above the law!

www.judicialwatch.org/archive/newsletter/2003/0203b.shtml

... security," said JW Chairman Larry Klayman. "His behavior stands in stark contrast to Louis Freeh, a man so corrupt he destroyed the office he led, ...

· Freedomwriter.com :: Headline News :: - America - JUDICIAL ...

www.freedomwriter.com/issue20/am15.htm

“Louis Freeh will finally have to answer in court for what he did to our clients. ... answers,” stated Judicial Watch Chairman and General Counsel Larry Klayman. ...

· Infowars.com -- Talk Radio's Alex Jones v. the New World Order

www.infowars.com/jw_transcript.htm

Klayman, Larry, Chairman, Judicial Watch ... My name is Larry Klayman. ... interest group that investigates and prosecutes government corruption and abuse. ...... They seized his computer – these are FBI agents at the direction of Louis Freeh, ...

· JUDICIAL WATCH REJOICES AT RESIGNATION OF FBI DIRECTOR LOUIS FREEH

www.judicialwatch.org/archive/2001/printer_921.shtml

May 3, 2001 – Because of his corrupt behavior, Freeh was placed on Judicial Watch's ... stated Judicial Watch Chairman and General Counsel Larry Klayman. ...

· The hazing of Judge Lamberth

www.wnd.com/index.php?pageId=5374

May 27, 2000 – By Larry Klayman ... While Judicial Watch has asked FBI Director Louis Freeh to .... lawsuits against a corrupt and unrepentant Clinton-Gore ...

· Trulock, Conrad v. Freeh, et al, Employees of FBI

cryptome.org/trulock-v-fbi.htm

LOUIS J. FREEH, in his personal capacity; NEIL GALLAGHER, in his No. ... COUNSEL ARGUED: Larry E. Klayman, JUDICIAL WATCH, INC., Washing- ton, D.C. ...

Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding ie., the u.s. government’s direct involvement in the illegal drug trade, etc.). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city by louis freeh, labeled by former Prosecutor Larry Klaiman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.

SHARE YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:

The following is my comment to an LA Times article regarding a Justice Department cover-up! As for your inquiry, all I think about day and night is a long overdue resolution to the RICO litigation as set forth therein:

ATF Chief Melson:Justice Department trying to shield officials (LATimes) Serrano

I believe him!

 I truly empathize with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu:   Died February 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]

Here’s some real, complicit cover-up / fraud on the part of the federal government, et als:

October 15, 2010 (*see infra {ultimately delivered by UPS})

 Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024

 Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case  RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages)      [  ricosummarytoFBIunderpenaltyofperjury.pdf   http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf          ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as     fbicorrespondencereyes.htm     .   With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the    RICO VERIFIED COMPLAINT    (see infra). Such includes and as set forth in the case, inter alia,

A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..

Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.

The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages:   [  Shiff Order of Dismissal With Prejudice on Coan’s Failure to File        Page 1                Page 2          ]

Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [   transcript in pertinent part -     http://albertpeia.com/crossexamofcoanbypeia.pdf    ]

Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.

Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.],   Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.

Sincerely,

Albert L. Peia
611 E. 5^th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651 -magic jack}

                       ----------

*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]

Responding to your message

FROM:

Rep. Lucille Roybal-Allard

TO:

albert_peia@yahoo.com

Message flagged

Wednesday, November 16, 2011 8:48 AM

Dear Mr. Peia:

Thank you for being in touch.  As we continue the busy first session of the 112^th Congress, I want you to know that I am grateful for the various times you have shared your thoughts and concerns with me on different issues.  Please be assured that your voice is being heard and that your perspective helps me to better represent you in Washington, D.C. 

Sincerely,

LUCILLE ROYBAL-ALLARD
Member of Congress

[ This is a reply to the Congresswoman’s query among others included.]

11-5-11

Dear Congresswoman Roybal-Allard:

The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:

‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’

Sincerely,

Albert L. Peia

GOOGLE SEARCH – ‘LARRY KLAYMAN, LOUIS FREEH CORRUPT’

ABOUT 6,240 RESULTS (0.11 SECONDS)

· Trulock Sues FBI Director Freeh

archive.newsmax.com/articles/?a=2000/7/30/211047

Jul 31, 2000 – Judicial Watch is a public-interest law firm that fights corruption in government. To read Larry Klayman's letter to Louis Freeh, ...

· Judicial Watch - Because no one is above the law!

www.judicialwatch.org/archive/newsletter/2003/0203b.shtml

... security," said JW Chairman Larry Klayman. "His behavior stands in stark contrast to Louis Freeh, a man so corrupt he destroyed the office he led, ...

· Freedomwriter.com :: Headline News :: - America - JUDICIAL ...

www.freedomwriter.com/issue20/am15.htm

“Louis Freeh will finally have to answer in court for what he did to our clients. ... answers,” stated Judicial Watch Chairman and General Counsel Larry Klayman. ...

· Infowars.com -- Talk Radio's Alex Jones v. the New World Order

www.infowars.com/jw_transcript.htm

Klayman, Larry, Chairman, Judicial Watch ... My name is Larry Klayman. ... interest group that investigates and prosecutes government corruption and abuse. ...... They seized his computer – these are FBI agents at the direction of Louis Freeh, ...

· JUDICIAL WATCH REJOICES AT RESIGNATION OF FBI DIRECTOR LOUIS FREEH

www.judicialwatch.org/archive/2001/printer_921.shtml

May 3, 2001 – Because of his corrupt behavior, Freeh was placed on Judicial Watch's ... stated Judicial Watch Chairman and General Counsel Larry Klayman. ...

· The hazing of Judge Lamberth

www.wnd.com/index.php?pageId=5374

May 27, 2000 – By Larry Klayman ... While Judicial Watch has asked FBI Director Louis Freeh to .... lawsuits against a corrupt and unrepentant Clinton-Gore ...

· Trulock, Conrad v. Freeh, et al, Employees of FBI

cryptome.org/trulock-v-fbi.htm

LOUIS J. FREEH, in his personal capacity; NEIL GALLAGHER, in his No. ... COUNSEL ARGUED: Larry E. Klayman, JUDICIAL WATCH, INC., Washing- ton, D.C. ...

America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm

Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

The Criminal Banking Cartel's End Game: A 100% Digital Monetary System

Posted by: smartknowledgeu Post date: 06/07/2012 The end game of this global monetary crisis is the imposition of a 100% digital monetary system that would permanently end what little economic freedoms we still retain today. Educate. Resist. Fight... http://albertpeia.com/criminalcartel.htm { I agree with the thrust of this article which I’ve yet to read in full; if only to emphasize that with a mouse click/button/keystroke/enter you could easily be separated from your money/wealth which is a formidable intimidating threat consistent with planned subservience (and also facilitating manipulated fraud, etc.). And, don’t think they wouldn’t do it, meaningless, arbitrarily enforced laws notwithstanding. Don’t forget; government slugs all have the same employer. I experienced the corruption first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/americangovernmentdrugtrafficking.htm
http://albertpeia.com/americascorruptiondrugtrade.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm }

Will Pam Bondi Be The Next Vice President Of The United States? 8 Reasons Why It Might Actually Happen

http://albertpeia.com/willpambondibenextvpus.htm

Tony Blair: hanging bankers won’t help { Oui; mais, au contraire … a la quillotine avec ils! }

London Telegraph | Public anger over the financial crisis is wrong and must not lead Britain to “hang bankers at the end of the street,” Tony Blair says today.

Senate Throws The Book At HSBC Accusing It Of Massive "Money Laundering And Terrorist Financing", No Comment On NAR Money Laundering Yet

Submitted by Tyler Durden on 07/16/2012

Just because there is already an overflow of confidence in the financial system, here comes the Senate's Permanent Subcommittee On Investigations with a 340 page report detailing how HSBC "exposed the U.S. financial system to a wide array of money laundering, drug trafficking, and terrorist financing risks due to poor anti-money laundering (AML) controls." Of course, since HSBC is one of the world's largest banks, what it did was not in any way unique, and it is quite fair to say that every other bank has the same loose anti-money "laundering" provisions. What HSBC was likely most at fault for was not providing sufficient hush money to the appropriate powers in the highest US legislative administration. But at least tomorrow we will have yet another dog and pony show, accusing that HSBC did what the NAR does every single day. Because let's not forget that the National Association of Realtors lobbied for and received a waiver for anti-money laundering provision regulations: after all how else will US real estate remain at its current elevated levels if not for the drug, blood, and fraud money from various Russian, Chinese, and petrodollar kingpins, mafia bosses and otherwise rich people who need to launder their money in the US, in the process keeping Manhattan real estate in the stratosphere? But one can't possibly pursue the real truth if it just may impair the fair value of that backbone of honest, hard-working US society: still massively overpriced housing in a world in which those who need mortgages will never get them.

[Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”Today in Afghanistan, American troops have been seen guarding poppy fields used to make heroin. Those fields were all but wiped out by 2001 when the Taliban destroyed them and forbade that agricultural pursuit. Now they’re flourishing again after the American occupation. This doesn’t make sense despite all the mainstream reports that American troops are protecting the poppy farmers from the bad guys. Internet sites such as Prison Planet, Info Wars, The Political Coffeehouse and others report otherwise. They connect the CIA and US military to restarting the poppy fields in Afghanistan in 2002, increasing poppy growth by over 650 percent. Who’s telling it like it is? One way the CIA keeps their drug trafficking hidden from public view …’.

SHOCK: Justice Dept. will not prosecute Holder for contempt of Congress... [ Justice Department shields Holder from prosecution after contempt vote FoxNews.com | The Justice Department moved Friday to shield Attorney General Eric Holder from prosecution after the House voted to hold him in contempt of Congress. DOJ Says It Won't Prosecute DOJ Head Holder How should we say this: we are shocked, shocked, that the DOJ won't prosecute itself. BREAKING: DOJ says it won't prosecute Attorney General Holder after the GOP-led House voted to hold him in criminal contempt of Congress – Fox see also, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm House could arrest Holder with inherent contempt power The Washington Times | The thought is shocking, and conjures up a Hollywood-ready standoff scene between House police and the FBI agents. { Eh, what the heck…you can let that go…they’re hoodied blacks, not white like Nixon, etc…; and, be sure to hold on to your wallets, purses everyone ‘cause there’s black folk in the capital! }

FLASHBACK NYT: Roberts drugs 'can have troubling side effects, mental slowing and forgetfulness'... { Wow! Who woulda thunk it, known it! I certainly didn’t know of roberts’ condition. And, yes, the effects of said drugs are significant, serious as set forth above and over time particularly, debilitating. Roberts should step down, not that the u.s. supreme court is some font of reason, sound judgment, and wisdom, even lawfulness. Indeed, quite the contrary is true: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

The Largest Natural Disaster In U.S. History: The Endless Drought Of 2012 Will Bake America Well Into August

http://albertpeia.com/bakedamerica.htm

President Obama: “If You’ve Got A Business – You Didn’t Build That. Somebody Else Made That Happen”

Zero Hedge | “If you’ve got a business — you didn’t build that. Somebody else made that happen.” { Riiiiight! That ‘minority owned business’ incentive for government contracts, bloated/padded for non-performance and electoral considerations…’the minority view’ on the ebt, strike that, the bet network. Say anything, wobama the b for b***s*** who suffers at the least from the psychological disorder of psychogenic/dissociative amnesia. How totally preposterous and pathetic at once! Wow! That ‘choom’ did wonders for wobama’s understanding of business! Riiiiight ….they’ll beat a path to your door…to make that business happen! This guy’s a totally dysfunctional joker who’s failed by every measurable standard except increased deficits to obfuscate his unequivocal failure! Other than the ‘choom/drug’ business, what business does wobama really know? }

Obama: Biggest mistake too much perspiration, not enough inspiration [What total b***s***!] { Biggest mistake: too much b***s***, not enough substance; that’s reality, not spin! } White House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm } Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... [ Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against sending the DREAM Act to the Senate floor for full consideration. The bill would have created a path to citizenship for many young illegal immigrants brought to the United States as children. Last week, Obama announced plans to stop deporting illegal immigrants who would have qualified for the DREAM Act. The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama desperation hail mary’ that once again falls short. Indeed, as an investor, one analyzes earnings, projects prospective earnings over a 3-5 year horizon, and the quality of the earnings along macro economic factors which are affected by ‘political considerations’. Does anyone remember the honorable Ross Perot who warned of NAFTA’s effect on american jobs even as the democrat administration et als were hell-bent on passing same? Should Romney have breached his legal duty to shareholders and invested in companies with poor earnings prospects? After all, in the financial / security analysis step of projecting the income statement, prospective labor costs figure prominently in the bottomline. In sum, Romney took conditions as he found them, and made the prudent choices which as per his legal duty were optimal for those who put their trust in him. For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. ]
Will accept your birthday or anniversary gifts, too...

IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES (Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT (Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United States of America while Barack Obama is President.  The evidence is overwhelming:  everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed.  Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each.  Nearly 2-1/2 million fewer Americans have jobs than before the stimulus. Barack Obama has been President for 30 months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.  He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW.  His broken campaign promises are too numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!

Obama: 'We get Virginia, we win' { Well there you go….it’s now a one state Presidential race, winner take all…Wow!...The scary thing is that wobama seems to believe his own b***s***, even when he knows same to be false; as, ie., Dreams, etc.. Another choom gang fantasy? He really insults people’s intelligence. I personally believe, and strong case can be made, that wobama, like fellow chitown pol jackson, jr., suffers from psychological disorder(s). Indeed, at the least, from psychogenic/dissociative amnesia that makes the aforementioned facts beyond the grasp of his ‘current unreality’. I also believe that his heavy near everyday powerful pot (choom) use took its toll on his cognitive functions that have facilitated his outlandish claims and outright fabrications; exactly what the nation cannot afford in these critcal/perilous times! }

12 Factors That Are Turning The Streets Of America Into A Living Hell

http://albertpeia.com/12factorsamericancitieshellholes.htm

Two Myths That the Bulls Continue to Cling To Were Just Rendered Moot

http://albertpeia.com/twobullmythsnowmoot.htm

Two myths that the Bulls continue to cling to were rendered moot yesterday. Those myths are:

1) That the Fed will engage in more QE.

2) That Spain is saved.

They Want To Sterilize American Women: New Obamacare Regulation Makes Sterilization 100% Free

http://albertpeia.com/obamacareandsterilizingamericanwomen.htm

Brutal Gestapo Tactics Are Being Used Against Homeowners All Over America

http://albertpeia.com/usgestapotactics.htm

Scenes Of Despair

http://albertpeia.com/scenesofdespair.htm

14 Incredibly Creepy Surveillance Technologies That Big Brother Will Be Using To Spy On You

http://albertpeia.com/14creepygovernmenttechnologiestospyonyou.htm

Germany Will Bail On the Euro Rather Than Bail the Euro Out

July 5, 2012 By gpc1981 http://albertpeia.com/germanywillbailoneuro.htm

What Happens If Record Heat And Crippling Drought Cause Widespread Crop Failures Throughout The United States?

http://albertpeia.com/recordheatdrought.htm

Are You A Slave Of The System?

http://albertpeia.com/areyouaslave.htm

The EU Summit: Europe Needs Capital NOT Political Posturing

June 29, 2012 By gpc1981 http://albertpeia.com/noeugamechangers.htm

Kicking The Can Down The Road

http://albertpeia.com/kicksinthecandowntheroad.htm

12 Incredible Obamacare Quotes That Show That Our Wretched Healthcare System Is Headed Directly Into The Toilet

http://albertpeia.com/americanhealthcaretoilet.htm

If One Storm Can Turn D.C. Dark For Several Days, What Would A Massive EMP Burst Do?

http://albertpeia.com/empburst.htm

Murdoch Dissatisfied With "Weak" Romney, Allies Say http://albertpeia.com/senilepenalmurdoch.htm { Yeah; murdoch prefers the ‘tougher’ gay choom gang banger wobama alternative. More cream pies in his face cries the senile old media meister. Yeah; the majority of the electorate think just like billionaire murdoch. Let’s not kid ourselves…murdoch’s totally gone…even the wisdom of his company’s breakup/split into two companies is being seriously questioned. …’ Murdoch wrote on Twitter. "Tough O Chicago pols ( Aah! Riiiiight! Just want the country needs; crime, corruption, cook county politics, capone/chicago style , hudson county/jersey city/newark,n.j. style, etc.; … Even LA’s substantially better than that; and, make no mistake, as ‘wobama country’ LA’s pretty bad, etc.) …will be hard to beat unless he drops old friends from team and hires some real pros’… First reality: He could hire some real pros without dropping old friends…In the final analysis, even americans will prove smart enough and not sufficiently self-destructive enough and as such, will not embrace proven failure with more proven failure. People must realize the magnitude of wobama’s failure and the unaffordable, insurmountable expense of obfuscation: ‘…those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure...’ ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … )

POLL: Obama drops 8 points with whites...
... 13-point plunge among young voters

Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... [ Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against sending the DREAM Act to the Senate floor for full consideration. The bill would have created a path to citizenship for many young illegal immigrants brought to the United States as children. Last week, Obama announced plans to stop deporting illegal immigrants who would have qualified for the DREAM Act. The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama desperation hail mary’ that once again falls short. Indeed, as an investor, one analyzes earnings, projects prospective earnings over a 3-5 year horizon, and the quality of the earnings along macro economic factors which are affected by ‘political considerations’. Does anyone remember the honorable Ross Perot who warned of NAFTA’s effect on american jobs even as the democrat administration et als were hell-bent on passing same? Should Romney have breached his legal duty to shareholders and invested in companies with poor earnings prospects? After all, in the financial / security analysis step of projecting the income statement, prospective labor costs figure prominently in the bottomline. In sum, Romney took conditions as he found them, and made the prudent choices which as per his legal duty were optimal for those who put their trust in him. For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. ]
Will accept your birthday or anniversary gifts, too...

[ I’d say rupee is full of poopee and a bit mixed up and ‘all over the place’ in his (senile) ‘thought process’ as he seeks to cover all bases! Murdoch paper endorses McCain | Media | guardian.co.uk

www.guardian.co.uk ›

Sep 9, 2008 – Rupert Murdoch may have told his biographer that he favoured Barack Obama rather than Hillary Clinton because he'll sell more papers but ...

New York Post Endorses McCain: What Role Did Murdoch Play?

www.huffingtonpost.com/.../new-york-post-endorses-mc_n_124730....

Sep 8, 2008 – Back in May, NewsCorp CEO Rupert Murdoch admitted that he had "played a role" in the decision of the New York Post (which he owns) to ...

Barack Obama's Unlikely Supporter Rupert 'Fox News' Murdoch ...

finance.yahoo.com/.../Barack-Obama’s-Unlikely-Supporter-Rupert-'F...

May 29, 2008 – Murdoch's not-quite-but-almost endorsement of Barack Obama for ... Murdoch added that after a long career in the Senate, McCain had been ..., etc… ] }

{ In sum, to conclude, though comfortably familiar to aussie murdoch, himself the product of penal colony progeny in what has now tantamount to a global penal colony with inmates running the institution/asylum, rupee the poopee is less comfortable with fact/reality of his global irrelevance. Moreover, the inmates who neither see nor hear are not children of a lesser God; but rather, children of a lesser world. Lamentably for some as he, God has not nor ever will abolish capital punishment with time of the essence. From a pragmatic and least self-destructive perspective, realize that give enough rope to blacks, they won’t hang themselves, they will hang you. That’s just the way they are and wishing and hoping won’t change that predisposition. Quite simply, the blacks are laughing at the foolish whites among other ‘rainbow’ colors:

SHOCK: Justice Dept. will not prosecute Holder for contempt of Congress... [ Justice Department shields Holder from prosecution after contempt vote FoxNews.com | The Justice Department moved Friday to shield Attorney General Eric Holder from prosecution after the House voted to hold him in contempt of Congress. DOJ Says It Won't Prosecute DOJ Head Holder How should we say this: we are shocked, shocked, that the DOJ won't prosecute itself. BREAKING: DOJ says it won't prosecute Attorney General Holder after the GOP-led House voted to hold him in criminal contempt of Congress – Fox see also, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm House could arrest Holder with inherent contempt power The Washington Times | The thought is shocking, and conjures up a Hollywood-ready standoff scene between House police and the FBI agents. { Eh, what the heck…you can let that go…they’re hoodied blacks, not white like Nixon, etc…; and, be sure to hold on to your wallets, purses everyone ‘cause there’s black folk in the capital! } ]

CHICAGOLAND: 7-Year-Old Girl Gunned Down While Selling Lemonade Outside Home...
MCCONNELL: 'Sold to American people on a deception'...
CURL: Gift to Romney... { This may seem somewhat counterintuitive and a bit of a rationalization; but, it is absolutely true. So true in fact, that wobama will come to be compared to Pyrrhus of Ephyrus (W. Greece) since realization of what this legislation won’t do for americans and the economy and what it actually does will not have the galvanizing effect that striking the bill down would have had on voters who were thinking ‘another free lunch from the government’ will save them (we all now know better, no such thing). Yes, in somewhat European tradition, defacto bankrupt america is keeping up with the (ie., rating agencies Egan) Joneses. After all, we all know how well this European program model is working out for Europe (and any other nation that’s tried it). In the final analysis, this and such programs as the contraindicated bailouts for the unprosecuted frauds on wall street, etc., will prove to be the ‘camel-back breaking’ moment for america; and, a pyrrhic victory for the egregiously failed president wobama. America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … }

HISTORIC: HOUSE VOTES HOLDER IN CONTEMPT...
DEM HOODIED BLACKS PLUS WALK OFF FLOOR...
Pelosi botches name of slain border agent...

Adult Chimpanzee Fatally Mauls Baby Chimp at LA Zoo...

ZIMMERMAN PASSED POLICE LIE DETECTOR...
REPORT...
Syringes litter NYC beach...

ZOMBIE: Man who took synthetic drug strangles dog, starts eating it...

POLL: Obama drops 8 points with whites...
... 13-point plunge among young voters

VIDEO: Obama Trips At Campaign Event In Tampa...

ZOMBIE: Naked man bites off chunk of arm...

PAPER: Obama's grandfather tortured by the British? A fantasy (like most of the President's own memoir)... { http://albertpeia.com/wobamaschoomgangfantasy.htm }

JAILHOUSE CALLS: Zimmerman told wife to buy bulletproof vest...
WAR ZONE: 7 Killed, Dozens Wounded During Obama Visit to Chicago...
More killed this year than in Afghanistan...
Bill Maher: 'The Problem With Racism Is Matt Drudge'... { Oh riiiiight! Drudge is the racist for reporting facts/reality concerning black on every color crime along with black threats. What can you expect from maher who is an null sum embarrassment/disgrace who like the italian scallion had married (and I believe is now divorced from) a black (he like booby deniro need rationalization)? } Here’s some reality for maher who doesn’t mahter:

U.S. Cannibal Updates: Doctors release first photos of Miami cannibal victim...
**WARNING: Extremely graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:

'Zombie Bullets' In High Demand Following Cannibal Attacks...
COPS: Attacker bit off large chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat Cop...
'Growled, opened and closed his jaw'...
Woman bites wig shop owner’s bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby who unlike hoodie trayvon martin killed in self-defense (from niggers) was not a thief and was totally innocent? The tragic outcomes for ignoring the threat of the uncivilized niggers! }

http://albertpeia.com/blackonbrowncrime.htm

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

Sorry Folks, Spain Isn’t “Saved” And The Next Leg Down is Coming Soon

July 3, 2012 By gpc1981 http://albertpeia.com/greeceyspainpain.htm

Chief Justice John Roberts Bowed To Political Pressure And Changed His Vote On Obamacare

http://endoftheamericandream.com

http://albertpeia.com/nolegalsystem.htm

{ The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

America On Fire: Why Is The Number Of Wildfires In The United States Increasing?

http://albertpeia.com/americaonfire.htm

Spain is Now Facing a Banking Crisis and a Sovereign Crisis at the Same Time June 20, 2012 By gpc1981 http://albertpeia.com/eugameover.htm

Moody's downgrades 15 major global banks

Germany Could Pull Out of the Euro Before Spain is Even “Saved”

June 21, 2012 By gpc1981 http://albertpeia.com/germanypullout.htm

Data Mining: Big Corporations Are Gathering Every Shred Of Information About You That They Can And Selling It For Profit

http://albertpeia.com/datamining.htm

Forget The Election Results - Greece Is Still Doomed And So Is The Rest Of Europe

http://albertpeia.com/forgetelectiongreeceeuropedoomed.htm

{ They forgot to throw in pervasively corrupt, defacto bankrupt america for good measure. It’s really quite amazing that anyone could possibly think that more of the same, ie., more debt, more printed paper and fiat paper currencies, etc., could possibly solve anything much less exacerbate existing problems already weighing mightily on the respective nations. What it is ‘is’ a contagion emanating from fraudulent wall street which invariably, when reality sets in aka paying the piper, leads to far greater kicks in the can for ‘kicking the can’. }

All Over America Government Control Freaks Are Forcing Preppers Back On To The Grid

http://albertpeia.com/usgovernmentcontrolfreaks.htm

10 Things That Will Happen If Barack Obama Continues To Systematically Legalize Illegal Immigration

http://albertpeia.com/10thingsifwobamalegalizesillegalimmigration.htm

Rosenberg Ruminates On Six Roadblocks For Stocks

Durden { http://albertpeia.com/rosenbergsaysmarketovervaluedmorethan20percent.htm }

The Shocking Truth About Unemployment In America In One Chart

http://albertpeia.com/shockingtruthofunemploymentinamerica.htm

Bob Janjuah: S&P At 800, Dow/Gold Ratio Will Hit 1 Before Next Real Bull Cycle

GARY SHILLING: PROFITS WILL PLUMMET AND STOCKS WILL PLUNGE 43% By Mamta Badkar | Business Insider

http://finance.yahoo.com/news/gary-shilling-profits-plummet-stocks-203000738.html

http://albertpeia.com/shillingsaysstockswillplunge43percent.htm

Europe Will Collapse in May-June

April 11, 2012 By gpc1981 http://gainspainscapital.com

http://albertpeia.com/europecollapseinmayjune.htm

Shilling Shuns Stocks, Sees S&P At 800
http://albertpeia.com/shillingsaysstockswillplunge43percent.htm

27 Statistics About The European Economic Crisis That Are Almost Too Crazy To Believe
http://albertpeia.com/27statsofeueconomiccrisis.htm

How Bad Do Things Have to Be For the Fed AND the ECB to Talk of Easing… On the Same Day
http://albertpeia.com/gpcsaysthingsarereallythatbad.htm

GOOGLE FOUNDER: WEB FREEDOM UNDER THREAT… [ Without the Free Web, People Would Have No Idea What’s Really Going On, Which Is What They’re Shooting For, Which Pre-Web Darkness Has Helped Cover-up Their Incompetence, Greed, and Corruption Leading To Today’s Debacle. ] ...
'Very powerful forces have lined up around world'...

25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm

Tony Robbins, Ron Paul And Ben Bernanke All Agree: The National Debt Crisis Could Destroy America
http://albertpeia.com/debtcrisisdestroysamerica.htm

Inventor of World Wide Web Savages Government’s Big Brother Plans http://albertpeia.com/bernersleeantibigbrotherwebintrusion.htm

There Is Not Going To Be A Solution To Our Economic Problems On The National Level http://albertpeia.com/nonationalsolutiontouseconomicproblems.htm

16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm

Chimps Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting Your Money http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm

Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm

Spain is Greece… Only Bigger and Worse
Spain on the Precipice http://albertpeia.com/spainontheprecipice.htm

Graham Summers’ Weekly Market Forecast (Here Comes Spain Edition)

April 23, 2012 By gpc1981 [ http://albertpeia.com/spainpain.htm ]

22 Red Flags That Indicate That Very Serious Doom Is Coming For Global Financial Markets
http://albertpeia.com/22redflagsofdoomforglobalfinancialmarkets.htm

5 New Lies That The Federal Reserve Is Telling The American People
http://albertpeia.com/5newliesbythefed.htm
http://albertpeia.com/fraudulentfedhasfailed.htm

25 Horrible Statistics About The U.S. Economy That Barack Obama Does Not Want You To Know
http://albertpeia.com/25horriblestatsaboutuseconomyobamahides.htm

22 Signs That The Collapsing Spanish Economy Is Heading Into A Great Depression

http://albertpeia.com/22signsspainheadingintogreatdepression.htm

The Secrets of the Spanish Banking System That 99% of Analysts Fail to Grasp

http://spainbanksystemsecrets.htm

What Do California And Detroit Have In Common?

http://albertpeia.com/californiadetroitdeclineincommon.htm

Class Warfare Is Being Used To Divide America - And It Is Working

http://albertpeia.com/classwarfare.htm

95 Percent Of The Jobs Lost During The Recession Were Middle Class Jobs

http://albertpeia.com/95percentofjobslostmiddleclass.htm

Why? - 21 Unanswered Questions That They Don't Want You To Look Into

http://albertpeia.com/21unansweredquestions.htm

BIN LADEN WAS ALREADY DEAD Bin Laden: Everyone Is Missing the Big Picture http://albertpeia.com/binladenwasalreadydead.htm : George Washington : 04/30/2012

... Read full article ‘ http://albertpeia.com/binladendeadandonicesince2001.htm

The Market Calls BS on Spain’s Efforts to Cover Its Toxic Banking Debt
http://albertpeia.com/spainstoxicbankingdebt.htm

New Obama Executive Order Pushes Us Closer To A North American Union And A One World Economic System

http://albertpeia.com/wobamaexecorderforoneworldgovernment.htm

{ The truly astounding thing here is that without exception, these respective nations, from largest to smallest, can’t even manage themselves, their own nations properly, efficiently; and then there’s the inevitable corruption, ‘bigger and better?’. Come on! More obfuscation! In a world such as this, human nature being what it is, ‘bigger is definitely not better’! They’re pushing on a string! Time for accountability! Time to pay the piper! Additionally, people must come to grips with the reality that wobama hasn’t the slightest idea what he’s doing; hence, the over-vacationed teleprompter reader whose ‘handlers’ have literally taken over policy, with some ‘slick’ maneuvering to try and repackage him; ultimately to no avail inasmuch as his disastrous results at home and abroad speak volumes. If only he had done what he said he was going to do last campaign, this nation and the world would have been in a better position today! }

me".’

Military Winning War Over Pensions Bruce Krasting 05/02/2012 Why is the Military Retirement Fund exploding higher? http://albertpeia.com/militarypensiondebacle.htm

Why New York Times Economist Paul Krugman Is Partly Right But Mostly Wrong
http://albertpeia.com/nyteconomistkrugmanwrong.htm

Eric Holder To Be Held In Contempt Of Congress?

http://albertpeia.com/ericholderincontemptofcongress.htm

There Are 100 Million Working Age Americans That Do Not Have Jobs

http://albertpeia.com/100millionworkingageamericansdonthavejobs.htm

16 Signs That People Are Becoming Stupider

http://albertpeia.com/16signspeoplebecomingstupider.htm

The Fed and the ECB’s Hands Are Politically Tied… Bye Bye Market Props

May 4, 2012 By gpc1981 http://albertpeia.com/sharpcorrectioncoming.htm

Merkel’s In Hot Water… So No More Bailouts… Sorry Spain

http://albertpeia.com/merkelsinhotwaternomorebailouts.htm

People Not In Labor Force Soar By 522,000, Labor Force Participation Rate Lowest Since 1981

Durden http://albertpeia.com/notinlaborforce.htm

Some pictures for the past quarter http://albertpeia.com/42712pics.gif

Five Reasons For Caution In US Equities

ZeroHedge.com http://albertpeia.com/5reasonsforcautioninusequities.htm

Is Obama Negotiating A Treaty That Would Essentially Ban All "Buy American" Laws?

http://albertpeia.com/wobombanation.htm

Debt Serfdom in One Chart http://albertpeia.com/debtserfdom.htm

fedupusa.org | The essence of debt serfdom is debt rises to compensate for stagnant wages.

Soylent Pepsi is People http://albertpeia.com/soylentpepsi.htm

Infowars.com | Ground up dead baby fetuses… just business as usual. { Well, let’s not kid ourselves; there’s likely canabalism in wobama’s line! How totally disgusting. I’ll never drink pepsi ever again! }

On The Ground in Paris… It Ain’t Euro Positive http://albertpeia.com/euronegative.htm

The Countdown To The Break Up Of The Euro Has Officially Begun

http://theeconomiccollapseblog.com

http://albertpeia.com/countdowntoeurobreakup.htm

The Way The Pentagon Is Predicting Your Potential To Become A National Threat Is Frightening Business Insider | Tom Cruise made “pre-crime’” a futuresque and controversial method of law enforcement in the 2002 movie Minority Report. { The business of war … now you know, along with the frauds on wall street, where all your tax dollars went and how the nation’s insurmountable debt-load and defacto bankruptcy came to be… http://albertpeia.com/wherehaveallthetaxdollarsgone.htm } Officials: Al-Qaida underwear bomber worked for CIA

11 Quotes That Show How Worried The Financial World Is About Europe Right Now

http://albertpeia.com/financialworriesabouteurope.htm

UN: Mt. Rushmore Should Return to Native Americans { It’s truly hilarious how jones et als attempt to spin the fundamental, historical truth of inherent american criminality into some grand elitist conspiracy from without. Yet, the reality of within speaks for itself; and, I’ve seen inherent american criminality first hand, which inherent traits are at the core of virtually all jones et als posit as fatally problematic for the nation. I am smart, tough, and know the law; and, have seen american inherent criminality, corruption, despoliation up close and personal, first hand, and know what ‘is’, is (then there’s also the plethora of observable, empirical data that even the blind couldn’t ignore):

http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/americangovernmentdrugtrafficking.htm
http://albertpeia.com/americascorruptiondrugtrade.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

24 Facts That Prove That America Is A Nation Of Slobs
http://albertpeia.com/24factsproveamericaanationofslobs.htm }

J.P. Morgan has significant credit portfolio loss May 10th, 2012 by News Breaking…………“Shares of J.P. Morgan Chase & Co. JPM -5.89% dropped after the bank said in a regulatory filing late Thursday it had “significant” mark-to-market losses in its synthetic credit portfolio. Shares fell 4.5% to $38.87 in after-hours activity. In a Securities and Exchange Commission filing, the bank said its synthetic credit portfolio had proved to be riskier and more volatile than expected.”MarketWatch MK comment: Sound familiar? Think Bear Stearns, early 2008.

J.P. Morgan Reveals 'London Whale'-Size Losses

Surprising JPMorgan loss hits stock market late NEW YORK (Reuters) - Stock index futures fell sharply on Thursday evening as JPMorgan Chase & Co stunned investors with news that its chief investment office had incurred "significant mark-to-market losses...

Marc Faber Sees A 1987-Like Crash Approaching www.zerohedge.com

"Europe Has Started The Endgame" And Biderman Says "The US Is Next"

A Chinese Group Plans To Construct A 200 Acre "China City" In Michigan

http://albertpeia.com/chinamerica.htm

If Spain’s Problems Are Solved… Why Are They Putting Together “Plan B”? gpc1981 http://albertpeia.com/spainnotsolvedsoplanb.htm

3.6 Million Taxpayer Dollars Being Used To Support The Lavish Lifestyles Of Former Presidents Such As Bush And Clinton http://albertpeia.com/nothingsucceedslikefailureinamerica.htm

‘WALL STREET DOES BROADWAY’

http://albertpeia.com/wallstreetdoesbroadway.htm

http://albertpeia.com/collapseofderivativesmarket.htm

Lot of whistling down there on wall street as ‘WALL STREET DOES BROADWAY’ (not Main Street mind you, they’re for screwin’) … Rogers and Hamerstein to be exact with their recurring theme going thusly:

Whenever the frauds on wall street feel afraid,

Their penises get erect (for screwin’ someone other than their deserving selves),

They whistle a happy tune,

So no one will suspect,

They’re afraid.

While shivering in their shoes,

They strike a fearless pose,

And whistle a happy tune,

So no one will suppose,

They’re afraid.

Yeah, lots and lots of whistling on fraudulent wall street. So uniquely fashioned to their task of obfuscation and fraud, even Humphrey Bogart would have found Lauren Bacall’s instructive direction for same as wanting in comparison (not everyone will get this…famous, but strictly unreal cinematic show biz, not the live fraud biz of wall street fame). I believe much of this soft shoe song and dance was for the ‘benefit’ of european markets which are hopelessly in the throes of their own confrontation with reality, which despite all the whistling is all going to get much worse than feared, fearless poses notwithstanding (see infra).

It is here where wobama not doing what he said he’d do last campaign littered with his jive-talking b***s***!

Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown.

http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm

Allen Stanford Found Guilty Of Being Not Too Big To Fail; In Other News Jon Corzine Walking Free Durden 3-6-12

Facebook co-founder Saverin renounces citizenship

The 2 Billion Dollar Loss By JP Morgan Is Just A Preview Of The Coming Collapse Of The Derivatives Market

http://albertpeia.com/collapseofderivativesmarket.htm

JPMorgan Estimates Immediate Losses From Greek Exit Could Reach 400 Billion

Are They Insane? 58 Percent Of Americans Believe Economic Conditions In The United States Will Be Good A Year From Now

http://albertpeia.com/insanelyoptimistic.htm

If You Live In California Things Just Got A Whole Lot Worse

http://albertpeia.com/hopelesscluelesscalifornia.htm

Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm

Why Is The Obama Administration Allowing The Chinese Government To Buy Up U.S. Oil And Gas Deposits Worth Billions Of Dollars?

http://albertpeia.com/chinabuyingamerican.htm

Merkel is Backed Into a Corner… Commit Political Suicide or Bail on the Euro? May 13, 2012 By gpc1981 http://albertpeia.com/merkelpolsuicideorbailoneuro.htm

Why A Greek Exit From The Euro Would Mean The End Of The Eurozone

http://albertpeia.com/endofeurozone.htm

The Bank Runs In Greece Will Soon Be Followed By Bank Runs In Other European Nations

http://albertpeia.com/greekbankrunsgoeurope.htm

18 Signs That The Banking Crisis In Europe Has Just Gone From Bad To Worse

http://albertpeia.com/18signseuropebankcrisisbadtoworse.htm

We Are Watching The Greek Banking System Die Right In Front Of Our Eyes

http://albertpeia.com/greekbankingsystemdying.htm

19 Things That All High School Students Should Be Told Before They Go To College

http://albertpeia.com/19thingshsstudentsshouldbetoldbeforecollege.htm

12 Pictures That Demonstrate How The New World Order Openly Mocks Us

http://albertpeia.com/newworldordervedgesmockus.htm

{ First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said: The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing

{ First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. }

http://albertpeia.com/planetalreadyruined.htm }

The Facebook IPO: The Last Great Wall Street Party

http://albertpeia.com/lastwallstreetparty.htm

Obama's Five Trillion Dollar Lie

http://albertpeia.com/obamas5trilliondollarlie.htm

{ I disagree to the extent that this economic scenario is posited as anything but presently already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ }

Neither the Fed Nor the ECB Will Be Able to Stop What’s Coming

http://albertpeia.com/fedecbcantstopcomingcrash.htm

Jim Cramer Is Predicting Bank Runs In Spain And Italy And Financial Anarchy Throughout Europe

http://albertpeia.com/bankrunsspainitalyeuropeanarchy.htm

{ The one ‘glass half-full’ thing that’s going for them is that perma-bull Cramer is so wrong, so often, in very big ways; yet, realistically one must admit that if cramer’s saying so, it’s many times worse! }

The Rise Of Nationalism Will End the Euro Before Summer’s End

http://albertpeia.com/eurosend.htm

IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES (Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT (Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United States of America while Barack Obama is President.  The evidence is overwhelming:  everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed.  Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each.  Nearly 2-1/2 million fewer Americans have jobs than before the stimulus. Barack Obama has been President for 30 months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.  He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW.  His broken campaign promises are too numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!

The EU Political Game of Growth Vs. Austerity is Akin to Polishing the Brass on the Titanic May 22, 2012 By gpc1981

http://albertpeia.com/eusstitanic.htm

Dave’s Daily: http://www.etfdigest.com ALGOS FEAST ON RUMORS May 24, 2012 http://albertpeia.com/dave.htm

The Real Obama Budget Deficit For 2011: 5 Trillion Dollars

http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm

{ Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://theeconomiccollapseblog.com http://albertpeia.com/34shockingfactsofusdebt.htm ‘We have all been lied to.  For decades, the leaders of both major political parties have promised us that they can fix our current system and that they can get our national debt under control.  As the 2012 election approaches, they are making all kinds of wild promises once again.  Well you know what?  It is all a giant sham.  The United States has gotten into so much debt that there will be no coming back from this.  The current system is irretrievably broken…#32 Professor Laurence J. Kotlikoff, the U.S. is facing a "fiscal gap" of over 200 trillion dollars in the future.  The following is a brief excerpt from a recent article that he did for CNN...The government's total indebtedness -- its fiscal gap -- now stands at $211 trillion, by my arithmetic. The fiscal gap is the difference, measured in present value, between all projected future spending obligations -- including our huge defense expenditures and massive entitlement programs, as well as making interest and principal payments on the official debt -- and all projected future taxes…#33 If you add up all forms of debt in the United States (government, business and consumer), it comes to more than 56 trillion dollars.  That is more than $683,000 per family…}

Turn Out The Lights - The Largest U.S. Cities Are Becoming Cesspools Of Filth, Decay And Wretchedness http://theeconomiccollapseblog.com http://albertpeia.com/biguscitiescesspoolsoffilthdecaywretchedness.htm

45 SIGNS THAT CHINA IS COLONIZING AMERICA

http://albertpeia.com/usacommunistchinacolony.htm

{ A sure sign that the communist Chinese have lost their edge; I mean, rationally speaking, who’d want to? }

[ Related: Why Is The Obama Administration Allowing The Chinese Government To Buy Up U.S. Oil And Gas Deposits Worth Billions Of Dollars? http://albertpeia.com/chinabuyingamerican.htm ]

Marc Faber Sees 100% Probability Of Global Recession In 2013

When The Derivatives Market Crashes (And It Will) U.S. Taxpayers Will Be On The Hook

http://albertpeia.com/derivativesmarketcrashtaxpayerbailout.htm

20 Signs That Society Is Beaking Down And That America Has Been Overrun By Psychos

http://albertpeia.com/20signsamericaoverrunbypsychos.htm

Biderman: "Everyone Is Now A Seller Of US Stocks"

Submitted by Tyler Durden on 05/31/2012 http://albertpeia.com/everyonenowasellerofusstocks.htm

Albert Edwards Has Some Words Of Discouragement: Welcome To S&P 500 Hell

"Expect the S&P500 to decline decisively below its March 2009, 666 intraday low. All hope will be crushed."

http://albertpeia.com/sp500todeclinebelow666.htm

The Bad Jobs Report Is Just A Very Small Taste Of The Nightmare That Is Coming

http://albertpeia.com/badjobsreportsmalltasteofcomingnightmare.htm

"The End Game: 2012 And 2013 Will Usher In The End" - The Scariest Presentation Ever?

http://albertpeia.com/endgamecollapse.htm

http://albertpeia.com/laborparticipationratechartfromdave.jpg

Sorry Folks, QE 3 Ain’t Coming… Even the Fed Doves Admit It

June 1, 2012 By gpc1981 http://albertpeia.com/contraindicatedqe3aintcoming.htm

The UN Wants Complete Control Over The Internet And That Would Mean Unprecedented Censorship, Taxes And Surveillance

http://albertpeia.com/unwantscontrolofinternetforcensorshiptaxessurveillance.htm

21 Signs That This Could Be A Long, Hot, Crazy Summer For The Global Financial System

http://albertpeia.com/21signsbadsummerforglobalfinancialsystem.htm

The EU’s Systemic Risk: Why This Time IS Different

http://albertpeia.com/eusystemicrisk.htm

Ignore the Rumors… Central Banks Are Pulling Back… Guess What Comes Next? June 5, 2012 By gpc1981

http://albertpeia.com/centralbankspullingbacksoignorerumors.htm

America In Decline: The Soul Crushing Despair Of Lowered Expectations

http://albertpeia.com/americaindeclineandloweredexpectations.htm

Steve Liesman's Modest Proposal: America Must Bail Out Europe

Submitted by Tyler Durden on 06/05/2012 { Riiiiight! What a dumb thing to say … after all, Who’s going to bail out the US, who’s going to clean up the mess they call US - The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … }

Dave’s Daily: http://www.etfdigest.com BIG WEDNESDAY SHORT SQUEEZE 6-6-12 ‘There wasn’t much in the way of “hard news” to account for Wednesday’s large stock market rally … warm-up acts for Thursday’s Bernanke’s congressional speech.Below is a quote in the conclusion of Richard Fisher’s (Dallas Fed President & non-voting member) speech which was little noted but struck a nerve nonetheless with yours truly: “And there is a growing sense that we are unwittingly, or worse, deliberately, monetizing the wayward ways of Congress. I believe that were we to go down the path to further accommodation at his juncture, we would not simply be pushing on a string (in other words, futile) but would be viewed as an accomplice to the mischief (corruption, fraud, incompetence, malfeasance, etc.) that has become synonymous with Washington…’

The REAL Reason the EU is Implementing Border and Capital Controls

June 6, 2012 By gpc1981 http://albertpeia.com/eufinished.htm

The Criminal Banking Cartel's End Game: A 100% Digital Monetary System

Posted by: smartknowledgeu Post date: 06/07/2012 The end game of this global monetary crisis is the imposition of a 100% digital monetary system that would permanently end what little economic freedoms we still retain today. Educate. Resist. Fight... http://albertpeia.com/criminalcartel.htm { I agree with the thrust of this article which I’ve yet to read in full; if only to emphasize that with a mouse click/button/keystroke/enter you could easily be separated from your money/wealth which is a formidable intimidating threat consistent with planned subservience (and also facilitating manipulated fraud, etc.). And, don’t think they wouldn’t do it, meaningless, arbitrarily enforced laws notwithstanding. Don’t forget; government slugs all have the same employer. I experienced the corruption first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/americangovernmentdrugtrafficking.htm
http://albertpeia.com/americascorruptiondrugtrade.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm }

Dave’s Daily: http://www.etfdigest.com MARKETS RALLY ON LIGHT VOLUME 6-8-12 ‘Markets started the day off weakly then rallied late because…wait for it, Spain is rumored to be willing to ask for help, and Obama said European leaders face an “urgent need to act”. No, you can’t make this kind of stuff up. His statement is about as effective as a Kofi Annan Syrian peace plan. Search as I may, there seems to be little hard news to explain Friday’s rally.

The U.S. Economy By The Numbers: 70 Facts That Barack Obama Does Not Want You To See

http://albertpeia.com/70badfactsaboutuseconomy.htm

Hollywood trip marks Obama's 150th fundraiser President Obama Vacations. [VIDEO] | Most Watched Today | The ... http://www.mostwatchedtoday.com/president-obama-vacations It seems like every week president Barack Obama is on another vacation or playing games. When does he plan to start fixing things here in the United States? { Between fundraisers and vacations, did he expect the nation to miraculously mend itself? Did he forget all his campaign promises? (Short answer: yes – longer answer: that was just part of his con / grift). The audacity in light of the foregoing for him in this election year to blame everyone else for his b***s***/unequivocally failed tenure as president. Note the last minute election-year desperation of wobama finger-pointing, etc.. Then there’s moochell obama… ‘Expensive massages, top shelf vodka and five-star hotels: First Lady accused of spending $10m in public money on her vacations’ By Daily Mail Reporter Read more: http://www.dailymail.co.uk/news/article-2029615/Michelle-Obama-accused-spending-10m-public-money-vacations.html#ixzz1xGRC32Vk ( What grifters/cons the wobamas are! They should be ridden out on a rail! ) } http://albertpeia.com/heavilyvacationedatgreatcosttonation.htm

The Economic Collapse Is Not A Single Event

http://albertpeia.com/economiccollapsenotsingleevent.htm

The Spanish Bailout Explained With One Image http://albertpeia.com/suicidegun.jpg

Farage On The Spanish Bailout: "A Reinforcement Of Failure"

http://albertpeia.com/reinforcementoffailure.htm

Dave’s Daily: http://www.etfdigest.com BULLS ARE EXPECTING MORE FED QE 6-12-12 ‘“I’ve been in favor of pretty much any accommodative policy I’ve heard about,” said Charles Evans, President of the Chicago Fed on Bloomberg TV. What a remarkable statement? (Actually, he says this kind of stuff all the time.) Using his logic you could take anyone off the street and get something accommodative Evans would sign off on. .. Investigate, and try as I might, there isn’t much reason to rally beyond the powers of the Fed’s printing press and some oversold conditions. As mentioned previously, let’s not forget quad-witching Friday and portfolio manager bonuses due at quarter end. Sure it’s cynical but it’s a fact. The roller coaster ride of uncertainty continues causing investors to sell and shorts to be squeezed. It’s a manipulated algo driven affair. So it’s no wonder many investors have fled markets seeking safety in bonds or mattress money generally. .. ( from Dave’s Daily: http://albertpeia.com/dave.htm )

Americans' net worth falls 40% from 2007-2010

The Unavoidable U.S. Reality: The Upcoming Economic Collapse James Wood is devoted to analyzing markets and where our economy is going. He believes that the next few years will be some of the toughest we have had since the Depression which started in 1929.

Just in! Beat the devil(s)! No, not that Humphrey Bogart film from years ago of that same title; but rather, beat the devils as in jersey devils, as in LA Kings just beat the devils of that sordid, corrupt, mob-overrun, disgusting state of new jersey. I hope I don’t sound like a ‘fair-weather fan’, but I’m now an LA Kings fan for life! Congratulations to the Champion LA Kings! { I really hate new jersey! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

Jerry Sandusky’s defense could be histrionic personality disorder [ Come on! A psychiatrist/psychologist would be accused of malpractice for such a diagnosis; clearly more than self-dramatization and an exaggerated display of emotions on the part of sweet sandy...Sobbing witness, 18, details sex abuse in Sandusky trial { The defense: just a frolicking, cornholin’, fun-loving man-child; that sweet sandy was! Riiiiight! ‘… "After cracking my back and rubbing his hands down the back of my shorts and blowing on the stomach, he, he put his mouth on my privates," the man said, holding back sobs as a silent courtroom listened. "I didn't know what to do. With all the thoughts running through my head I kind of blacked out, I didn't want it to happen," the witness added. The witness began to cry and said Sandusky later had forced him to put his mouth on the coach's genitals…’ } http://albertpeia.com Crying witness gives graphic Sandusky account Witness: I saw Sandusky in the showers with a boy ]

The Elite Are Attempting To Convince Us That Killing Off Our Sick Grandparents Is Cool And Trendy

http://endoftheamericandream.com

http://albertpeia.com/howtodietime.htm

{ First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. }

[ 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said:

The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing

http://albertpeia.com/planetalreadyruined.htm ]

Can You Answer 25 Difficult Questions That The Mainstream Media Does Not Seem To Have Answers To? http://albertpeia.com/25questionsmainstreammedianoanswers.htm

Facebook Deletes Account, Demands My Passport

PrisonPlanet.com | Facebook has deleted my account for no reason and is demanding my passport. Social networking websites routinely censor alternative media. Another fantastic reason to sign up at Planet Infowars. http://albertpeia.com/37responsestofacebookdeletesaccountdemandspassport.htm

1.6 Trillion Dollars More Debt: Fiscal Conservatives Have Been Raped By The Democrats, The Democratic Party, as well as The Republican Party

http://albertpeia.com/onepointsixtrillionmoredebt.htm

10 Things That We Can Learn About Shortages And Preparation From The Economic Collapse In Greece

http://albertpeia.com/10thingswecanlearnpreparefromgreekeconomiccollapse.htm

Guest Post: Uncle Sam Admits Monitoring You For These 377 Words

Submitted by Tyler Durden on 05/31/2012 http://albertpeia.com/usdhsadmitsmonitoringyouforthese377words.htm

Spain Just Gave Us a Glimpse Into the True State of the EU Banking System Posted by: Phoenix Capital... Post date: 05/31/2012 - 13:55 This is the state of affairs in Europe: bankrupt nations trying to bailout bankrupt banks or looking for bailouts from funds that are backed by other bankrupt nations.What could go wrong? http://albertpeia.com/truestateofeubankingsystem.htm

18 Examples Of The Nanny State Gone Wild

http://albertpeia.com/18examplesofnannystategonewild.htm

How The Super Rich Avoid Taxes Even As They Demand That The Rest Of Us Pay More

http://albertpeia.com/taxesyoupaytheirway.htm

{As I’ve previously said, President Romney would be less than rational to tell his tax advisors ‘to take a dive’ when it comes to his financial planning. Importantly, it should be noted that up to now, President Romney has not been part of the federal system (unlike obama, kerry, etc.) that sets federal tax policy / laws.}

The Second Act Of The JPM CIO Fiasco Has Arrived - Mismarking Hundreds Of Billions In Credit Default Swaps

Are The Europeans About To Start The Second Half Of Our Great Depression?

Submitted by Tyler Durden on 05/26/2012

Guest Post: War Pigs - The Fall Of A Global Empire

“I am concerned for the security of our great Nation; not so much because of any threat from without, but because of the insidious forces working from within.”

Guest Post: U.S.A. 2012: Is This What We've Become?

If Greece Was California... [ If You Live In California Things Just Got A Whole Lot Worse http://albertpeia.com/hopelesscluelesscalifornia.htm Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm ]

’ http://albertpeia.com/dave.htm

Forget the Upcoming Elections… Greece Has Already Proved the Great “Bailout Lie” May 29, 2012 By gpc1981 http://albertpeia.com/alreadygreatgreekbailoutlie.htm

25 Signs That The Smart Money Has Completely Written Off Southern Europe

http://albertpeia.com/25signssmartmoneywriteoffsoeu.htm

Eurobonds: The Issue That Could Shatter Europe

http://albertpeia.com/eushatteringeubonds.htm

Greece Could Implode the Second Bailout and the EU by Mid-June

May 23, 2012 By gpc1981 http://albertpeia.com/greecesecondbailouteuimplosion.htm

‘Jersey Boy Bruce’, Stalwart Wobama Supporter, Will He Change the Words to:

‘Wasn’t Born in the U.S.A.’ , ‘Wasn’t Born in the U.S.A.’

http://albertpeia.com/wasntbornintheusa.htm

Say it isn’t so ,‘Jersey Boy Brucie’!

http://albertpeia.com/obp.jpg

Sing it Brucie:

Not born in the usa,

Not born in the usa,

O’s not born in the usa,

O wasn’t born in the usa!

http://albertpeia.com/impeachobama.htm

Breaking: Smoking Gun Evidence Obama Born in Kenya

breitbart.com | Obama’s publisher reveals more evidence Obama in violation of the Constitution.

Oops! Text Editor Rushes Out Apology for Kenya ‘Mistake’ in Obama’s Bio

Aaron Dykes | Publicist says “fact checking” not correspondence with Obama to blame, as apology is rushed out

Official Bio Said Obama Kenyan Born UP UNTIL April 2007 When Campaign Began

Infowars | Over 16 Years, Obama’s Literary Agency Circulated Official Biography Listing Birthplace as Kenya, Suddenly Changing it to Hawaii in 2007 Ahead of Bid for Highest Office

Bombshell: Obama “Born in Kenya”

Infowars | Obama’s own authorized biography while president of the Harvard Law Review says he was “born in Kenya.”

Evidence Obama Born In Kenya Goes Beyond 1991 Brochure

Paul Joseph Watson | Establishment media pulls stunt in effort to diffuse ‘birther’ controversy.

Establishment media pulls stunt in effort to diffuse ‘birther’ controversy

Paul Joseph Watson Infowars.com Friday, May 18, 2012

The establishment media hastily seized on yesterday’s explosive story about a literary publication listing Barack Obama’s birthplace as Kenya in an effort to claim that the 1991 brochure was the “origin” of the entire ‘birther’ issue. In reality, evidence that Obama was born in the African country is abundant.

A literary agent’s promotional text for a 1991 brochure released yesterday by Breitbart.com states Obama was “born in Kenya and raised in Indonesia and Hawaii.”

Yahoo News, along with a deluge of other mainstream news outlets, responded by reporting that the document was potentially the “source” of the birther controversy and had merely been a mistake.

The literary agent who wrote the description, Miriam Goderich, now works with Dystel & Goderich agency, which lists Obama as one of its clients. Unsurprising therefore that Goderich hastily claimed listing Obama’s birthplace as Kenya was “nothing more than a fact checking error.”

However, evidence to indicate that Obama war born in Kenya is plentiful and it goes significantly beyond the 1991 version of the brochure.

- Despite claiming the passage about Obama’s birthplace being Kenya was a mistake, the listing still maintained that Obama’s birthplace was Kenya until after Obama became a U.S. Senator. “Goderich’s statement fails to explain why the “fact checking error” persisted for sixteen years, through at least three different versions of Jane Dystel’s website, and through at least four different versions of Obama’s biography,” reports Breitbart.com.

- The literary agency also updated the text in June 1998, but the part about Obama being born in Kenya was retained.

- The text was again updated in February 2005 to reflect the fact that Obama had become a Senator, but Kenya was still listed as his birthplace.

- After an April 2007 modification of the text, the passage still read Obama, “was born in Kenya.”

- As Steve Boman reveals, the Dystel & Goderich agency asks its clients to submit their own biography, meaning it’s virtually impossible the listing of Obama’s birthplace as Kenya could have been a “fact checking error” on behalf of the literary company itself.

- During a speech about HIV, First Lady Michelle Obama said she and Barack Obama “visited his home country of Kenya.” Watch the clip below.

- In 2008, Obama’s paternal step grandmother appeared to indicate publicly that Barack Obama was born in Kenya. In an interview conducted by American Christian minister Ron McRae, Sarah Obama was asked, ‘Were you present when your grandson was born in Kenya?’” McRae testified in his sworn statement. “This was asked to her in translation twice, and both times she replied, “Yes! Yes she was! She was present when Obama was born.”

- Another source who met Sarah Obama told World Net Daily, “I have keenly and attentively listened to the tape over and over again, and I can confirm from Sarah’s own confession that Barack Obama was born in Kenya in her presence.”

- A separate Kenyan government official agreed, stating, “I have listened to the tape. The preacher asked whether Barack Obama was born in Mombassa, and the translator asked the same. When she said Mombassa, it was like a surprise, and those there thought she could not have meant to say Mombassa.”

- When New York Times bestselling author Jerome Corsi traveled to Kenya to investigate the claims, he was almost immediately kicked out of the country by Kenyan officials.

- When Kenya’s National Security Intelligence Service investigated claims that Obama was born in Kenya, officials in Nairobi found “relevant birth records may have been removed or were missing.”

- Obama has deep political connections in Kenya. From 2006 onwards he rallied in support of Islamist Raila Odinga in Kenya, helping him impose Sharia law. When Odinga lost the Kenyan election in 2008, his supporters rioted, unleashing a wave of violence. Despite the bloodshed, Obama used his influence to aid Odinga in retaining his position as part of a coalition government.

For the mainstream media to imply that the 1991 brochure is the “source” of the claim that Obama was born in Kenya is completely inaccurate. Not only was that brochure updated many times right up until 2007, with the information about Obama’s birthplace being Kenya retained, but there are numerous other factors which all indicate that Kenya could indeed be Obama’s homeland.

*********************

Paul Joseph Watson is the editor and writer for Prison Planet.com. He is the author of Order Out Of Chaos. Watson is also a regular fill-in host for The Alex Jones Show and Infowars Nightly News.

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Infowars.com | Alex speaks with Congressman Walter B. Jones, Jr. about H.CON.RES.107.

http://albertpeia.com/impeachobama.htm

Forrester: Apple is Entering a Long Decline Written by Damon Poeter PC Magazine ‘ At least one analyst is bucking the trend of gushing over Apple. Forrester Research chief executive George Colony laid out his case in a blog post Wednesday for why he thinks the company will start looking like just another tech .. ‘ [ As much as I like Apple, my first computer, and am glad they survived in a big way, I’m constrained to agree. Moreover, and I can’t prove this, I believe there to be some ‘soft’ stimulation of the heavily weighted, more bang for the buck, Apple stock by way of subsidized purchases. Remember those $275,000 per car government purchases, and the $278,000 cost per stimulus job? What’s $500 per ipad or iphone, etc., to a nation hopelessly, insurmountably indebted to the tune of $211 trillion, especially in their election year desperation. This should in no way be construed as a slight to Cook; but rather, just the reality there’s a limit to what one’s willing to pay for fairly common utility. That said, I’d still buy an IPad since, as with the ipod and the simple technology involved, amazingly, ultimate competitors as, ie., microsoft with zune, etc., didn’t measure up at all! I think the IPhone’s totally underwhelming! Contrary to the tenor of the article, I believe charisma has nothing whatsoever to do with the inevitable decline ahead; and, not just Apple. ]

‘At least one analyst is bucking the trend of gushing over Apple. Forrester Research chief executive George Colony laid out his case in a blog post Wednesday for why he thinks the company will start looking like just another tech companies within the next four years unless it finds another "special, magical" leader like Steve Jobs.

Colony's position couldn't be more contrarian. Apple just reported record March quarter profits while selling tens of millions of its iPhones, iPads, and Mac computers. In the past few months, other analysts have been jockeying to tout Apple's share price, currently at just over $600 per share, for gains past the $800, $900, and even $1,000 threshold.

But if Apple's riding high now, that's not going to last, according to Colony.

"Apple will decline in the post Steve Jobs era," he writes, explaining that Apple under Jobs fit the bill as a "charismatic organization ... headed by people with the 'gift of grace'." Succession in such an organization is particularly difficult because while bureaucratic and traditional organizations have processes and rituals to elevate new leadership, "[i]n charismatic organizations, the magical leader must be succeeded by another charismatic—the emotional connection of employees and (in the case of Apple) customers demands it."

Colony quotes liberally from Max Weber's The Theory of Social and Economic Organization and Adam Lashinky's Inside Apple to build his case that Apple will "coast" over the next 24 to 48 months and "then decelerate."

What about the processes Jobs himself put in place at Apple to ensure that his vision and management style would endure at the company after he was gone? Apple University and other company initiatives fostered by Jobs won't do the trick, Colony claims, quoting Weber: "Charisma can only be awakened and tested, it cannot be learned or taught."

Colony argues that Jobs' successor, Tim Cook, has a "legal/bureaucratic approach" to leading Apple that "will prove to be a mismatch for an organization that feeds off the gift of grace." Instead of Cook, the company should turn to Jonathan Ive or Scott Forstall to be CEO, the analyst writes.

If Apple doesn't get another magical charismatic leader, Colony concludes, it risks turning into Sony after Akio Morita or Polaroid post-Edwin Land—a company that goes from great to merely good in a few short years./

The Family Farm Is Being Systematically Wiped Out Of Existence In America

http://theeconomiccollapseblog.com

http://albertpeia.com/familyfarmwipedoutinamerica.htm

5 New Lies That The Federal Reserve Is Telling The American People
http://theeconomiccollapseblog.com
http://albertpeia.com/5newliesbythefed.htm

http://albertpeia.com/fraudulentfedhasfailed.htm

{ Yes, it’s really rather incredible, even astounding, that people even listen to, much less believe the proven lies, wrong information, disinformation that bespeaks fraud/deception/cover-up and at best, total incompetence. Don’t they realize they’re being scammed in a very big way; particularly, with an election year predisposed pro-wobama obfuscation? Bernanke is a total fraud. He is totally incompetent! As I wrote, infra, as comment to Dave Fry’s Summary: the same helicopter ben who forecast no recession and whose QEs have helped no one but the frauds on wall street, with fake numbers on what is in reality much higher inflation, unemployment, etc., for obfuscation – you cannot solve a problem without admitting there is one, let alone failing to identify the problem; and with america’s insurmountable debt and debased Weimar fiat paper currency over-printing, that huge extant problem is substantially exacerbated. { Britain slides back into recession AFP Britain was back in recession Wednesday after its economy shrank in the first quarter while Prime Minister David Cameron said the country was being buffetted by the European downturn [ True, but only because unlike the u.s., their reporting is a bit more accurate/truthful, less manipulated, less fraudulent than america which has already entered (the continuing) recession (actually dollar debased and thereby, can you believe it, inflationary depression) UK Economy Double Dips For First Time Since 1970s Durden } ] { Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } [ Now we know the reason for bernanke’s pro-wobama politicking: Reuters: Mitt Romney says he would boot Ben Bernanke - The Trail The likely Republican nominee says, “I’d be looking for somebody new” to run the Federal Reserve if he’s elected president. Romney criticized Fed Chairman Bernanke for printing too much money in a bid to stimulate the economy. (April 25, 2012) Drudgereport: Romney would boot Ben... And, not only because bernanke as has obama failed miserably; good, sound management all but requires that he do so (as per the late Peter Drucker among the multitude of Management experts). Wobama, the lazy jive-talking b***s*** artist, despite campaign rhetoric to the contrary, literally continued all things dumbya bush. ]

The United States Has Plenty Of Oil: 10 Facts About America's Energy Resources That Will Blow Your Mind

http://endoftheamericandream.com

http://albertpeia.com/10factsaboutamericanenergyresources.htm

[ Well, first off, since we’re only talking decades at best, I agree the alarmist propaganda is all for naught. Yet, make no mistake, those who equate shale oil, deep water oil, etc., with that close to the surface, easily recovered, ie., sweet crude, are as misguided. It’s kind of like that ‘asteroid mining’ that’s ‘become the rage’. Firstly, in hollywood (oh yeah, we’ve seen them digitally land on asteroids, planets as in Avatar, etc., with ease and without a hitch), they don’t keep books the way other businesses do, at least on the creative end, viz., ie., Cameron. And, what do you expect a former pilot to say, etc.? As an example of ‘fuel price makes a difference’, anyone who thinks american airlines among others went bankrupt because they’re so horribly managed or because they felt like strategically avoiding their debt would be mistaken. For airlines it’s all about fuel costs and load factors, capital intensive that they are, and pennies literally do make a difference. Costs of extraction make a difference. Oh sure, there’s loads of oil. It’s all about the costs of getting it. Peak oil really has been reached in terms of ‘easy pickins’. Some even argue/document persuasively that current reserves of the ‘easy pickins’ are over-stated. ]

The Bundesbank’s in Hot Water… Will It Take the Heat or Throw the ECB Under the Bus? April 24, 2012 By gpc1981
http://albertpeia.com/bundesbankinhotwater.htm

Merkel’s Back is Against the Wall… Time for Germany’s “Plan B”?

[ http://albertpeia.com/germanyplanb.htm ]

25 Signs That Middle Class Families Have Been Targeted For Extinction
http://albertpeia.com/25signsmiddleclasstargetedforextinction.htm

24 Outrageous Facts About Taxes In The United States That Will Blow Your Mind

http://theeconomiccollapseblog.com

http://albertpeia.com/24factsaboutmindblowingustaxes.htm

‘The U.S. tax code is a complete and utter abomination and it needs to be thrown out entirely.  Nobody in their right mind would ever read the whole thing - it is over 3 million words long.  Each year, Americans spend billions of hours and hundreds of billions of dollars trying to comply with federal tax requirements.  Sadly, it is the honest, hard working Americans in the middle class that always get hit the hardest.  The tax code is absolutely riddled with loopholes that big corporations and the ultra-wealthy use to minimize their tax burdens as much as possible.  Many poor people do not pay any income taxes at all.  The dishonest are rewarded for cheating on their taxes (if they can get away with it) and the ultra-wealthy have moved trillions of dollars to offshore tax havens where they can avoid U.S. taxation altogether.  Our system is incredibly unfair to the millions of hard working people in the middle class and upper middle class that drag themselves out of bed and go to work each day and try to do the right thing.  In addition, the current U.S. tax system is incredibly inefficient, it diverts a tremendous amount of resources away from more valuable economic activities, and it has chased thousands of businesses and trillions of dollars out of the United States.  The U.S. tax code is such a complete and utter mess at this point that it can never be "fixed".  The only rational thing to do is to abolish it completely, and any politician that tells you otherwise is lying to you.

The following are 24 outrageous facts about taxes in the United States that will blow your mind....

#1 - The U.S. tax code is now 3.8 million words long.  If you took all of William Shakespeare's works and collected them together, the entire collection would only be about 900,000 words long.

#2 - According to the National Taxpayers Union, U.S. taxpayers spend more than 7.6 billion hours complying with federal tax requirements.  Imagine what our society would look like if all that time was spent on more economically profitable activities.

#3 - 75 years ago, the instructions for Form 1040 were two pages long.  Today, they are 189 pages long.

#4 - There have been 4,428 changes to the tax code over the last decade.  It is incredibly costly to change tax software, tax manuals and tax instruction booklets for all of those changes.

#5 - According to the National Taxpayers Union, the IRS currently has 1,999 different publications, forms, and instruction sheets that you can download from the IRS website.

#6 - Our tax system has become so complicated that it is almost impossible to file your taxes correctly.  For example, back in 1998 Money Magazine had 46 different tax professionals complete a tax return for a hypothetical household.  All 46 of them came up with a different result.

#7 - In 2009, PC World had five of the most popular tax preparation software websites prepare a tax return for a hypothetical household.  All five of them came up with a different result.

#8 - The IRS spends $2.45 for every $100 that it collects in taxes.

#9 - According to The Tax Foundation, the average American has to work until April 17th just to pay federal, state, and local taxes.  Back in 1900, "Tax Freedom Day" came on January 22nd.

#10 - When the U.S. government first implemented a personal income tax back in 1913, the vast majority of the population paid a rate of just 1 percent, and the highest marginal tax rate was just 7 percent.

#11 - Residents of New Jersey pay $1.64 in taxes for every $1.00 of federal spending that they get back.

#12 - The United States is the only nation on the planet that tries to tax citizens on what they earn in foreign countries.

#13 - According to Forbes, the 400 highest earning Americans pay an average federal income tax rate of just 18 percent.

#14 - Warren Buffett had an effective tax rate of just 17.4 percent for 2010.

#15 - The top 20 percent of all income earners in the United States pay approximately 86 percent of all federal income taxes.

#16 - Sadly, as Bill Whittle has shown, you could take every single penny that every American earns above $250,000 and it would only fund about 38 percent of the federal budget.

#17 - The United States has the highest corporate tax rate in the world (35 percent).  In Ireland, the corporate tax rate is only 12.5 percent.  This is causing thousands of corporations to move operations out of the United States and into other countries.

#18 - Some tax havens are doing a booming business in setting up sham headquarters for U.S. corporations.  For example, the city of Zug, Switzerland only has a population of 26,000 people but it is the headquarters for 30,000 companies.

#19 - In 1950, corporate taxes accounted for about 30 percent of all federal revenue.  In 2012, corporate taxes will account for less than 7 percent of all federal revenue.

#20 - In a previous article, I discussed how many of our largest corporations make huge profits and yet pay less than nothing in taxes....

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

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

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

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

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

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

*Honeywell*

Profits: $4.9 billion

Taxes: -$34 million

*Fed Ex*

Profits: $3 billion

Taxes: -$23 million

*Wells Fargo*

Profits: $49.37 billion

Taxes: -$681 million

*Boeing*

Profits: $9.7 billion

Taxes: -$178 million

*Verizon*

Profits: $32.5 billion

Taxes: -$951 million

*Dupont*

Profits: $2.1 billion

Taxes -$72 million

*American Electric Power*

Profits: $5.89 billion

Taxes -$545 million

*General Electric*

Profits: $7.7 billion

Taxes: -$4.7 billion

Are you starting to get the picture?

#21 - Exxon-Mobil paid $15 billion in taxes in 2009, but not a single penny went to the U.S. government.

#22 - Many wealthy Americans hide enormous amounts of money outside the country in order to avoid paying taxes.  According to the IMF, a total of 18 trillion dollars is currently being hidden in offshore banks.

#23 - The number of traffic accidents spikes each year right around April 15th.  The following is from a recent Bloomberg article....

Deaths from traffic accidents around April 15, traditionally the last day to file individual income taxes in the U.S., rose 6 percent on average on each of the last 30 years of tax filing days compared with a day during the week prior and a week later, according to research published in the Journal of the American Medical Association.

#24 - Most of the tax debate is focused on income taxes, but the truth is that Americans pay dozens of other taxes every single year.  The following are just a few of the taxes that many Americans pay....

#1 Building Permit Taxes

#2 Capital Gains Taxes

#3 Cigarette Taxes

#4 Court Fines (indirect taxes)

#5 Dog License Taxes

#6 Federal Unemployment Taxes

#7 Fishing License Taxes

#8 Food License Taxes

#9 Gasoline Taxes

#10 Gift Taxes

#11 Hunting License Taxes

#12 Inheritance Taxes

#13 Inventory Taxes

#14 IRS Interest Charges (tax on top of tax)

#15 IRS Penalties (tax on top of tax)

#16 Liquor Taxes

#17 Luxury Taxes

#18 Marriage License Taxes

#19 Medicare Taxes

#20 Property Taxes

#21 Recreational Vehicle Taxes

#22 Toll Booth Taxes

#23 Sales Taxes

#24 Self-Employment Taxes

#25 School Taxes

#26 Septic Permit Taxes

#27 Service Charge Taxes

#28 Social Security Taxes

#29 State Unemployment Taxes (SUTA)

#30 Telephone Federal Excise Taxes

#31 Telephone Federal Universal Service Fee Taxes

#32 Telephone Minimum Usage Surcharge Taxes

#33 Telephone State And Local Taxes

#34 Tire Taxes

#35 Toll Bridge Taxes

#36 Toll Tunnel Taxes

#37 Traffic Fines (indirect taxation)

#38 Utility Taxes

#39 Vehicle License Registration Taxes

#40 Vehicle Sales Taxes

#41 Workers Compensation Taxes

When you account for all forms of taxation on the federal, state and local levels there are many Americans that pay out more than half of their incomes in taxes.

We are being taxed into oblivion, and yet most Americans do not even realize that it is happening.

It is kind of like being killed by thousands of tiny cuts.

So what do all of these taxes buy us?

They buy us a massively bloated government that wastes money on some of the craziest things imaginable.

Millions of Americans work for the federal government, and yet most of them produce very little of real economic value.  The following comes from a recent National Review article....

By 2005, the federal government employed 14.6 million people: 1.9 million civil servants, 770,000 postal workers, 1.44 million uniformed service personnel, 7.6 million contractors, and 2.9 million grantees. This amounted to a ratio of five and a half “shadow” government employees for every civil servant on the federal payroll. Since 1999, the government had grown by over 4.5 million employees.

According to that same article, when you add in state and local government workers the numbers are even more dramatic....

According to the U.S. Census Bureau, there are 3.8 million full-time and 1.5 million part-time employees on state payrolls. Local governments add a further 11 million full-time and 3.2 million part-time personnel. This means that state and local governments combined employ 19.5 million Americans.

Yes, we do need some government.  For example, without any law enforcement at all our society would descend into complete chaos, and without any military at all we would be completely open to foreign conquest.

In order to have a stable, secure society we do need some government.

However, we definitely do not need the massively bloated government that we have today.

The truth is that most government employees are a drain on the system.  Most of them just push paper around.  I used to work in Washington D.C. so I know what pushing paper around is all about.

And as I wrote about yesterday, there are millions of other Americans that enjoy a comfortable existence at the expense of the federal government without doing any work whatsoever.

Of course the biggest welfare recipients of all are the big corporations.  All forms of corporate welfare should be eliminated immediately.

When are U.S. taxpayers going to get sick and tired of paying for all of this?

Every single year, the federal government, state governments and local governments drain massive amounts of desperately needed money from hard working middle class families.

Then they take that money and spend it on incredibly foolish things.

When are American voters going to stand up and boldly declare that they have been taxed enough already and they aren't going to take it anymore?

The current tax code is completely and utterly broken and it is beyond repair.

Unfortunately, neither the Republicans or the Democrats are proposing that we should get rid of it.

So we are just going to continue to get more of the same year after year, and it is the middle class that will feel the pain.’

The Crazy Things That One Whistleblower Says Are Happening At JP Morgan Will Blow Your Mind http://theeconomiccollapseblog.com http://albertpeia.com/crazythingshappeningatjpmorgan.htm

The U.S. Economy: Soul Crushing Total System Failure http://albertpeia.com/ustotalsystemfailure.htm

Kass: The Market Is Overvalued at TheStreet By Doug Kass { Yes, this is true; but, he’s still too optimistic in that he doesn’t point out that the election year manipulations / obfuscations will cause things to end far worse than his anticipation. } http://www.thestreet.com/_yahoo/story/11461242/1/kass-the-market-is-overvalued.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

An Open Letter to All Presidential Candidates By gpc1981 http://albertpeia.com/grahamsummerswarnings.htm

40 Weird Facts About The United States That Are Almost Too Crazy To Believe http://theeconomiccollapseblog.com http://albertpeia.com/40weirdfactsabouttheus.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

Ben Bernanke Tries To Convince America That The Federal Reserve Is Good And The Gold Standard Is Bad http://theeconomiccollapseblog.com http://albertpeia.com/benbsshalombernankesellsfedpansgoldstandard.htm [ greenspan and now bernanke are incompetent and total failures creating and exacerbating current and prospective conditions for the sake of fraudulent wall street at everyone else’s expense! ]

10 Signs That America Is On The Verge Of A Horrible Municipal Debt Crisis http://albertpeia.com/americanmunicipaldebtcrisis.htm

The Simple Problems Of Too Much US Debt Durden 3-20-12 http://albertpeia.com/toomuchusdebt.htm

10 Reasons Why The Reign Of The Dollar As The World Reserve Currency Is About To Come To An End http://theeconomiccollapseblog.com http://albertpeia.com/10reasonsdollarreservecurrencyending.htm

Bernanke Claims That The Fed Has Averted A Second Great Depression By Bailing Out The Too Big To Fail Banks http://theeconomiccollapseblog.com http://albertpeia.com/weareinsecondgreatdepression.htm

[ To the contrary, because of his policies and particularly the bailouts which facilitated consummation of and even greater frauds, the real economy, the nation, taxpayers will suffer a more severe fate than even that obfuscated by bad policy in this election-year expedience! ‘… When the last financial crisis began, the U.S. national debt was about 10 trillion dollars. Today, it has risen to 15.5 trillion dollars. So Bernanke did not fix anything. The best that can be said is that he kicked the can down the road a little bit and made our long-term financial problems a lot worse at the same time. Bernanke can create money out of thin air and loan it to his friends all he wants, but he is not going to be able to prevent this house of cards from crashing down…’ . He’s as much a fraud and incompetent bozo as ‘his buds who put him there’ for their purpose / benefit. The guy’s a dope http://albertpeia.com/30bunglebenbernankequotes.htm , a fool which fact is lost on no one vis-à-vis the debased Weimar dollar http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , who’s delusional http://albertpeia.com/bunglerbenfedfedsfailure.htm . He’s a total fraud! ]

20 Signs That We Are Witnessing The Complete Collapse Of Common Sense In America http://albertpeia.com/americasdevolutionintomadness.htm

A View on Inflation & Keynesian Talking Points : CrownThomas : 03/29/2012 The ponzi will fail, and the economy will reset - the only question is when. http://albertpeia.com/fedponzifails.htm

‘Massive Wealth Destruction’ Is About to Hit Investors: Faber http://albertpeia.com/massivewealthdestructionabouttohit.htm

{ WALL STREET IS SO FRAUDULENTLY BEYOND THE PALE; FOR THERE IS NO QUESTION BUT THAT THEY BELONG IN JAIL! }

RICHARD RUSSELL: A Massive Stock Market Collapse Will Wipe Out 60 Years Of Inflation And Leveraging

The 15 Trillion Dollar Party http://albertpeia.com/bankruptamericadestroyingthefuture.htm

45 Signs That America Will Soon Be A Nation With A Very Tiny Elite And The Rest Of Us Will Be Poor http://albertpeia.com/45signsamericatinyelitemajoritypoor.htm

19 Signs Of Very Serious Economic Trouble On The Horizon

http://albertpeia.com/19signsveryseriouseconomictroubleonhorizon.htm

Why the ECB Expanded Its Balance Sheet By Over $1 trillion in Less Than Nine Months April 5, 2012 By gpc1981 http://gainspainscapital.com
http://albertpeia.com/ecbexpandsbalsheetover1trilllessthan9mos.htm

Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d look just like any other nigger. And, don’t worry about the black vote, failed president wobama the b for b***s*** will get, nearly if not all, 100% of the nigger vote! Drudgereport: Farrakhan Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks that would have to be retaliated against based upon the hushed reality of the prevalence of black on white crime? The blacks should be careful what they wish for in playing that game because the facts don’t break in their favor. ] ...

People have become weary of making up excuses for blacks (like obama, holder, etc.). At some point, as now, people should not be timid about relating the cold, unvarnished truth statistically / factually about blacks and, ie., black on white violent crime, etc..

 From Pat Buchanan: As for racism, its ugliest manifestation is in interracial crime, and especially interracial crimes of violence. Is Barack Obama aware that while white criminals choose black victims 3 percent of the time, black criminals choose white victims 45 percent of the time? Is Barack aware that black-on-white rapes are 100 times more common than the reverse, that black-on-white robberies were 139 times as common in the first three years of this decade as the reverse? We have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned out to be hoaxes. But about the epidemic of black assaults on whites that are real, we hear nothing.

http://albertpeia.com/blackonwhitecrime.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

The reality is that blacks are an insoluble problem wherever they are. That’s not going to ever change; not make-shift/make-work jobs; not programs; not anything tried or to be tried; hence, they must be treated as exactly that – problems – before a solution can be derived and fashioned. ]

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

Drudgereport:

Obama gets personal over killing of black Florida teenager...
Urges 'soul-searching'...
More Miami schools stage mass walk-outs...
Gingrich calls Obama's Trayvon comments 'disgraceful'...
Cops: Man threatened to kill police chief at center of case...
Jeb Bush: 'Stand your ground' invalid here...
Miami Heat Players Don Hoodies...
'Dead or Alive' Poster Issued by New Black Panther Party... [ ‘Minority Report’ Division of Pre-Crime, Pre-Cogs say, ‘Dead or Alive – all niggers’ … whatever the outcome in the investigative process, the stark reality is that at least, unlike the niggers committing many more ‘black on white’ violent crimes, Zimmerman (and this is no endorsement – I won’t be looking at this one incident all that closely) was at least trying to do a good thing made necessary by the ever increasing number of brutal crimes committed by the black thugs in neighborhoods across the nation; then there’s somalian pirates, etc.. People domestically and internationally are suffering from nigger-fatigue and are totally niggered out. Oh, yeah, there are some Hollywood types who feel good about themselves having niggers around and helping niggers to help them feel better than they really are, insecure as they are, by being better than at least someone beyond fantasy. Loony george clooney is one. Dreadfully boring and with that monotone, monotonous voice and not that bright, he’s not even able to fake it on screen as an action hero (ie., batman, what a horrific miscast) wimpy pussy in reality that he is; then there’s the ‘black (sean) penn’ who cried like a baby while incarcerated for a couple of days not that long ago. The atheist jolie, so fatherly troubled as she is, has let the equally mentally troubled pitt (she so nutty she makes him feel somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be the closest she’s gotten to her black projects. Let them live anonomously (in disguise) with the niggers for some time for a real close look and then see what’s left of their predisposed love for the nigger. Then there’s the italian scallion, booby deniro; drug addled as his black wife high-tower, what a total embarrassment to Italians everywhere; even as he tried to ingratiate himself recently with niggers everywhere and particularly national embarrassment mammy michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan Africa! ]
'BLACK NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE CONTRARY ] ARE UNDER ATTACK [ SAYS NIGGER SHAKEDOWN ARTIST JACKSON] ' [ Hold on one cotton-pickin’ minute jesse, that’s not what the facts say Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d look just like any other nigger. And, don’t worry about the black vote, failed president wobama the b for b***s*** will get nearly if not all, 100% of the nigger vote! Drudgereport: Farrakhan Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks that would have to be retaliated against based upon the hushed reality of the prevalence of black on white crime? The blacks should be careful what they wish for in playing that game because the facts don’t break in their favor. ] ...

People have become weary of making up excuses for blacks (like obama, holder, etc.). At some point, as now, people should not be timid about relating the cold, unvarnished truth statistically / factually about blacks and, ie., black on white violent crime, etc..

 From Pat Buchanan: As for racism, its ugliest manifestation is in interracial crime, and especially interracial crimes of violence. Is Barack Obama aware that while white criminals choose black victims 3 percent of the time, black criminals choose white victims 45 percent of the time? Is Barack aware that black-on-white rapes are 100 times more common than the reverse, that black-on-white robberies were 139 times as common in the first three years of this decade as the reverse? We have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned out to be hoaxes. But about the epidemic of black assaults on whites that are real, we hear nothing.

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

The reality is that blacks are an insoluble problem wherever they are. That’s not going to ever change; not make-shift/make-work jobs; not programs; not anything tried or to be tried; hence, they must be treated as exactly that – problems – before a solution can be derived and fashioned. ] [ Send the niggers, including niggerbama back to sub-saharan africa! ]

EUROPE RIDICULES OBAMA...
'Maybe copy key got stuck on presidential speechwriter's keyboard'...

A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm
Any financial system that is based on debt is doomed to fail.  Today, we are living in the greatest debt bubble that the world has ever seen, and if all of a sudden people could not use credit to buy things our economy would immediately ground to a halt.  Unfortunately, no debt bubble can last forever.  When this current debt bubble finally bursts, faith in the financial system is going to disappear, credit is going to freeze up and there is going to be a massive wave of bank failures.

10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm

55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm

America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm

20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm

10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm

30 Stupid Things The Government Is Spending Money On The American Dream http://albertpeia.com/30stupidgovtspendings.htm

You Cannot Build a Strong Economy or a Bull Market on Fudged Numbers and Lipstick March 5, 2012 By gpc1981 http://gainspainscapital.com ‘Let’s say that you just spent a large sum, to the tune of several trillion Dollars, bailing out various businesses that were literally run into insolvency by shortsighted and greedy business practices.

1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm

Not So Fast On That Whole Economic Recovery Thing http://albertpeia.com/notsofastonthateconomicrecoverything.htm

Greece Has Defaulted - Which Country In Europe Is Next? http://albertpeia.com/greecehasdefaultedwhonext.htm

Why Are Police In America Treating Women Like Dogs? http://albertpeia.com/womentreatedlikedogs.htm

18 Statistics That Prove That The Economy Has Not Improved Since Barack Obama Became President

http://albertpeia.com/18statseconomynotimprovedsinceobama.htm

Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money March 12, 2012 By gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm

Two Reasons Why the Global Economy Will Slow and Government Promises to Retirees Will be Broken March 13, 2012 By gpc1981

ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales…BOB ADELMANN New American Tuesday, March 13, 2012 http://albertpeia.com/ecricallsrecession.htm

11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! Moreover, though goldman egregiously and particularly, sadly but realistically it’s not just goldman! ]

http://albertpeia.com/americabetterwithoutgoldmansachs.htm

S&P Says Improbable Any Economic Improvement Would Bring Back AAA US Rating Durden 3-15-12 Sigh:

S&P says that it is impossible that any economic improvement would bring back the AAA rating

US deficit progress is needed.

Outlook remains negative.

And what do stocks do on latest S&P report that America is broke? Why they surge of course....

80 Percent Of Americans Say That They Are Not Better Off Than They Were Four Years Ago http://albertpeia.com/80percentamericaworsethan4yearsago.htm

20 Things We Can Learn About The Future Of America From The Death Of Detroit

http://theeconomiccollapseblog.com

http://albertpeia.com/20thingshellholeamericasfuturedeathofdetroit.htm

{ Ah yes … those sweet sounds and smells of motown … the darks coming to a place near you! }

Do you want to know what the future of America is going to look like?  Just check out what is happening to Detroit. 

Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

Today in Afghanistan, American troops have been seen guarding poppy fields used to make heroin. Those fields were all but wiped out by 2001 when the Taliban destroyed them and forbade that agricultural pursuit. Now they’re flourishing again after the American occupation.

This doesn’t make sense despite all the mainstream reports that American troops are protecting the poppy farmers from the bad guys. Internet sites such as Prison Planet, Info Wars, The Political Coffeehouse and others report otherwise. They connect the CIA and US military to restarting the poppy fields in Afghanistan in 2002, increasing poppy growth by over 650 percent. Who’s telling it like it is?

One way the CIA keeps their drug trafficking hidden from public view

The CIA’s secret operations to influence journalism started in the 1950s by infiltrating the media and bribing journalists to be operatives and assets for the CIA. By 1976, then CIA director William Colby reportedly bragged that the CIA owned the press. Supposedly, this too secret to name operation was coined “Operation Mockingbird” by Deborah Davis in her book Katherine the Great.

Operation Mockingbird worked well against prize winning journalist Gary Webb when his newspaper, the San Jose Mercury News, ran his in depth series on CIA drug trafficking that flooded the USA to help finance the CIA backed Nicaraguan Contras during the 1980s.

Journalists all over the USA jumped on the series, claiming Webb’s journalism was shoddy. The newspaper had to recant and fire him, and Gary Webb was black listed from mainstream journalism completely.

Webb retaliated by having his book Dark Alliance published and making the NY Times best seller list, forcing some of his critics to privately eat crow after the fact.

Despite the CIA’s control of the press, a few Mexico and Central America cocaine busts of plane cargoes and discoveries of large cocaine stashes on crashed planes with CIA hired pilots flying them for front companies did hit the mainstream news, albeit briefly.

Remember the movie “Air America?” It was based on an actual CIA owned front company transporting tons of heroin from Southeast Asia’s “Golden Triangle” poppy fields during and after the Vietnam conflicts. Now Afghanistan and the “Golden Crescent” are the featured opium/heroin conduit sources.

Government and big business using drug traffic profits is nothing new

When the U.S. government made deals with the Cosa Nostra mafia to help police ports and harbors during WW II, they breathed life into the heroin trade. Eventually, Marseilles, France was set up by the Corsican mafia to become the “French Connection” for heroin traffic.

But opium trade history goes back further, to colonial times and early America. That’s when American shipping magnates used their fast Clipper Ships to compete with England’s monarch sanctioned dope running East India Company for transporting opium to China.

A few key players created family fortunes from the China opium trade that exist today within some northeast America’s “old money” families.

Among the familiar family names, according to Wikipedia (source below) is Forbes. Another source mentions Astor, a prominently wealthy philanthropic family around New York today (Wiki source below). In those days, trafficking dope was a legitimate business endeavor, immoral but not illegal.

Now it is illegal as well. Ironically, this allows the biggest illicit drug providers to financially benefit the CIA and international banking.’

Sources for this article include:

http://whatreallyhappened.com/RANCHO/POLITICS/MOCK/mockingbird.php

http://en.wikipedia.org/wiki/Forbes_family

http://en.wikipedia.org/wiki/John_Jacob_Astor

http://thepoliticalcoffeehouse.com/2011/12/01/us-military-opium-afghanistan/

http://www.minormusings.com/Drugs/Mask.html

See also:

Big Banks, Gov’ts Collude in Drug War Hypocrisy

Much Of Afghan Drug Money Going To ‘Our Friends’

Steady Stream of Drug Money Departs Afghanistan, U.S. Officials Flummoxed

Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard

Afghanistan drug trade hits $4 billion a year

Occupiers involved in drug trade: Afghan minister

US and NATO protecting Afghan drug trade

B.C. RCMP seize 60,000 poppy plants in record haul

NATO rejects Russian call for Afghan poppy spraying

War on drugs is a hoax: US admits to guarding, assisting lucrative Afghan opium trade

UN: Afghan opium production up by 61% under NATO’s watch

DOJ: Drug Cartel’s Influence Extends Well Beyond Border Well Into the U.S.

RealClearMarkets - Gary Shilling: New Global Recession Is Here (It’s actually a depression and no nation will be spared!) http://www.marketwatch.com/story/shilling-says-new-global-recession-is-here-2012-01-20?link=MW_story_popular By Howard Gold NEW YORK (MarketWatch)

2012 Update: What Part III of the financial crisis will look like

http://www.stansberryresearch.com/pro/1108PSINEWVD/PPSIN138/PR

http://www.stansberryresearch.com

http://www.stansberryresearch.com/pro/1108PSINEWVD/PPSIN111/PR

http://www.albertpeia.com/stansberrysinvestmentadvisory.flv

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

'OBVIOUSLY UNSERVICEABLE DEBT TO WEIGH ON STOCKS IN 2012’ http://www.bullfax.com/?q=node-obviously-unserviceable-debt-weigh-stocks-2012 12/23/2011 By Chris Ciovacco: Referencing Kyle Bass’ work in a December 18 video, we noted numerous countries have an unstable combination of debt and revenue relative to the size of their banking system. Another excellent source for debt sustainability analysis comes from Jeffery Gundlach, manager of the 2011 top-performing U.S. bond fund. Mr. Gundlach was recently interviewed by the Financial Times. He does not subscribe to the theory European leaders can “put a Band Aid on a system which didn’t break a week ago…’

Tough Year For Stocks, Gold And Treasury ETFs Did Better Forbes

My Christmas Cards Predict "Eternal Conflict" And "Economic Disaster" Forbes Robert Lenzner ‘For the first time in my life, some Christmas messages are  weighing in  about the worrisome condition of  US economy and the financial markets– as well as  family news.  Obviously, the crisis we are  facing is  triggering disheartening expressions of concern at holiday time.

This from  a former state finance chairman for George Bush, who is so distressed he is staying out of the primary race.

On Jobs; ” I wonder why our candidates have not come forward to feature as the main and vital keystone of their campaign that sector in the economy which can create millions of jobs and solve our huge foreign trade deficit– converting our $300 billion plus purchase of foreign oil to domestic energy– electrification of transportation, more natural gas, nuclear, more domestic oil drilling, clean coal, and all the domestic alternatives.”

On the deficit:  ” I have also become very disheartened with our politicians’ inability to strike a grand compromise on reducing  the federal deficit. We are considerably constrained by the Grover Norquist tax pledge signed by so many Republicans, wherein an elimination of a tax loophole which takes the recovered revenue and applies it to reduce debt is considered a tax increase and therefore unacceptable. This position will never allow the Republicans to negotiate and compromise( a noble word) with the democrats on a combination of a massive expense reduction with a modest revenue increase.”

All this from a conservative Republican in a key state who is utterly frustrated by “ eternal gridlock in Washington“— and determined to spend considerably more quality time with his family. All this ranting in a Christmas card; it’s a first.

Then, there’s the retired New England real estate consultant and developer who is “fearful about the impending winter. The world seems to be perilously close to economic disaster and depression, and folks are rushing out to buy gold and guns.” ‘

A Very Scary Christmas And An Incredibly Frightening New Year http://theeconomiccollapseblog.com ‘Can you hear that?  It almost sounds like a little bit of peace and quiet.  This year, the holiday season has been fairly uneventful, and for that we should be very grateful.  But it isn't going to last long.  2012 is going to be a much more difficult year for the U.S. economy and the global financial system than 2011 has been.  So if things are going well for you right now, enjoy this little bubble of peace and tranquility while you can.  Because while things may look calm on the surface right now, the truth is that this is a very scary Christmas for financial professionals and world leaders.  Most of them know how fragile the global financial system is at the moment.  Most of them know that we are living in the greatest bubble of debt, leverage and financial risk that the world has ever seen.  As I wrote about the other day, world leaders would not be throwing huge bailouts around like crazy if everything was going to be just fine.  The truth is that we are rapidly approaching another financial crisis that may end up being even worse than the horrific crash of 2008…’

Interbank Markets Are Telling Investors To Sell The Rally … Again http://www.bullseyemicrocaps.com/?p=30070 12-23-11 ‘The biggest question weighing on investors as we move into the final week of the year is how long Europe can be ignored. The S&P 500 has rallied 5% since testing and holding support at 1200 and is now firmly into resistance, an ideal spot for short sellers to lay out positions.European banks continue to tell equity market investors to stand aside. The ECB overnight deposit facility saw deposits swell to EUR346.9 billion overnight, up 31% from December 21st. A fair amount of the recently ECB auctioned EUR489 billion ended up right back at the ECB instead of in the interbank lending market.The ECB also reported a second week of anemic sovereign bond buying. The ECB doesn’t want to be the only bidder in the room, which is one of the reasons it has been so willing to stuff banks with cheap money. But, rising yields in Italy…’

The Smartest Guys in the Room Are Screaming "Get Out of the Markets!" Todd Harrison http://www.minyanville.com/articles/articlelisting.htm#ixzz1hGAVUaU9

It's Official: US Debt-To-GDP Passes 100% Durden on 12/21/2011 With precisely one year left for the world and all of its inhabitants, at least according to the Mayans, not to mention on the day of the Winter Solstice, it is only fitting that US debt, net of all settlements for all already completed bond auctions, is now at precisely $15,182,756,264,288.80. Why is this relevant? Because the latest annualized US GDP, according to the BEA, was $15,180,900,000.00. Which means that, as of today, total US debt to GDP is 100.012%. Congratulations America: you are now in the triple digit "debt to GDP" club!

Mark Faber: "I Am Convinced The Whole Derivatives Market Will Cease To Exist And Will Go To Zero" Durden on 12/21/2011 Anyone seeking joyous holiday greetings and cheerful forecasts for the new year is advised to not listen to the following most recent Mark Faber interview, in which in addition to his predictions for 2012 (led with "more printing" by the dodecatupling +1 down central planners of course, and far less prosperity), we get the following: "I am convinced the whole derivatives market will cease to exit. Will become zero. And when it happens I don't know: you can postpone the problems with monetary measures for a long time but you can't solve them... Greece should have defaulted - it would have sent a message that not all derivatives are equal because it depends on the counterparty." And on the long-term future: "I am ultra bearish. I think most people will be lucky if they still have 50% of their money in 5 years time. You have to have diversification - some real estate in the countryside, some gold and some equities because if you think it through, say Germany 1900 to today, we had WWI, we had hyperinflation, WWII, cash holders and bondholders they lost everything 3 times, but if you owned equities you'd be ok. In equities in general you will not lose it all, it may not be a good investment, unless you put it all in one company and it goes bankrupt." As for gold: "I am worried that one day the government will take it away." As for the one thing he hates the most? No surprise here -government bonds.

Has the Global Economy Been Zapped by ZIRP? Minyanville  Eugene Linden Dec 21, 2011 ‘Zero interest rate policies dominate the world's largest economies -- a situation that's contributing to the worsening pension crisis, the unnaturally buoyant equity markets, the need for quantitative easing, and even the bull market in gold. Read more: http://www.minyanville.com/businessmarkets/articles/zero-interest-rate-policy-zirp-us/12/21/2011/id/38513#ixzz1hFyFn7Pb Eclipsed by Europe’s sovereign debt agony has been one overriding, but overlooked factor that will increasingly distort economies and the financial markets as 2012 unfolds: the Zero-Interest-Rate-Policy. ZIRP is now as encompassing and pervasive as the air we breathe, and this in itself is unprecedented.

Historically, examples of ZIRP are few and far between – and usually very brief – but now ZIRP and near-ZIRP dominate the interest rate policies for most of the world’s largest economies. We’re in uncharted territory. More worrisome, the longer an economy embraces ZIRP, the harder it is to extricate itself. In fact, as far as I can tell, no one has exited extended ZIRP intact and voluntarily. Some, like Kyle Bass, argue that once a nation gets trapped in ZIRP for an extended period, the only escape is through debt restructuring. Others say war.

ZIRP has been the policy of the United States since 2008; it has been the policy of Japan for most of the past two decades, and it is becoming the policy of the ECB, at least in terms of ECB short-term funding. Currently, over two trillion dollars of US debt is paying zero or near zero interest, as is trillions more debt in Japan and elsewhere. This unprecedented situation has contributed to the worsening pension crisis, the unnaturally buoyant equity markets, the rescue of US banks, the need for quantitative easing, and even the bull market in gold. It has spectacularly failed in its originally trumpeted mission to restart lending to the consumer (the money multiplier is still near all-time lows). And now, central bankers are discovering that ZIRP is a poisoned chalice.

The problem is as simple and intractable as human nature. So long as there's a market willing to buy a government’s debt (or buyers who can be forced to buy said debt), ZIRP offers the promise of vast new funds with virtually no increase in carrying costs. If the problem is short-term liquidity, the theory is that ZIRP buys the time necessary to restart growth. If the problem is solvency, however, ZIRP is viewed as an alternative to a painful restructuring. In that case (e.g. Japan), the rotten debts remain on the books of the banks, hobbling the lending that is necessary for the economic growth that will enable the central bankers to wean the economy off the drug.

Faced with little or no economic growth and anemic tax receipts, central bankers keep pumping out new debt. When Japan started with ZIRP, its debt to GDP ratio was 40%. In 2003 it was 93%. Now it’s 234%, and Japan’s aging buyers (Japanese purchase 95% of the country’s new debt) are starting to spend for their retirement, rather than save. Across the Pacific in the US, debt-to-GDP was 57% in 2000; in 2008, when the US adopted ZIRP, debt to GDP was about 68%; in the three years since it has risen to 99%.

The US did begin to approach ZIRP earlier in the last decade when Alan Greenspan drastically cut rates to 1% to restart a frozen credit market. That was a defensible response to a liquidity crisis, but Greenspan kept the policy too long, fueling the housing and credit bubbles, and setting the stage for the crash of 2008. ZIRP is like a opium-based painkiller. It might get you through a crisis (if there isn’t the political will for a restructuring), but chronic use is addictive and debilitating. The mechanics of the addiction are simple: the more debt-burdened an economy becomes, the more additional debt it needs for growth, and the less growth we get for the increment. This is termed debt saturation. A dollar of new debt in 1960 produced about 90 cents of additional GDP. That ratio turned negative in the last couple of years.

At the same time, to keep the interest burden of debt from spiraling out of the control, nations are tempted to shift to shorter duration. This has the effect of leaving a country ever more vulnerable should central bankers be forced to raise interest rates. Interest payments are now just 1% of GDP and 5.7% % of US expenditures, actually fairly low (though, even at these levels, interest chews up 14% of each tax dollar collected). In fact, the interest bill for US debt is just 4.6% higher than it was in 2007 and virtually the same as in 2008 despite the fact that the debt has exploded since those years. The average rate the US pays on debt is about 3%, and is coming down as roughly half the debt gets rolled each year.

Interest Expense on the Debt Outstanding Available Historical Data Fiscal Year End
2011	$454,393,280,417.03
2010	$413,954,825,362.17
2009	$383,071,060,815.42
2008	$451,154,049,950.63
2007	$429,977,998,108.20
2006	$405,872,109,315.83
2005	$352,350,252,507.90
2004	$321,566,323,971.29
2003	$318,148,529,151.51
2002	$332,536,958,599.42
2001	$359,507,635,242.41
2000	$361,997,734,302.36
1999	$353,511,471,722.87
1998	$363,823,722,920.26
1997	$355,795,834,214.66
1996	$343,955,076,695.15
1995	$332,413,555,030.62
1994	$296,277,764,246.26
1993	$292,502,219,484.25
1992	$292,361,073,070.74
1991	$286,021,921,181.04
1990	$264,852,544,615.90
1989	$240,863,231,535.71
1988	$214,145,028,847.73

But we’ve reached a place where even a historically modest rise – say 2% -- would start gobbling huge chunks of tax revenue to the point where tax revenues are flat to declining. The longer ZIRP continues, the more onerous the cost of raising interest rates. Past some unknown point, ZIRP begets more ZIRP. We may be past that point as the fed has said ZIRP will be the US policy into 2013. If the natural buyers get wary, there is always the Fed to buy the debt. What we saw earlier this year was that even as the Chinese balked at buying treasuries (down from 47% of new issuance in 2006 to 5% in 2010), the Fed stepped in through quantitative easing to buy the lion’s share of new debt. That program ended in July, but then, in the nick of time, the European sovereign debt crisis went critical, and prompted foreign buyers to show up (and the FED is still in there as it reinvests proceeds as securities roll off its balance sheet). Should the flight to safety abate, it’s highly likely QE will resume if only because this is a treadmill from which there is no escape (a recognition of which may have played into the historic S&P downgrade of US debt).

http://image.minyanville.com/assets/FCK_Jan2011/images/Lila/eugenechart1.JPG

How long can this continue? In Japan it has continued for nearly 20 years, thanks to a thrifty population with $17 trillion in savings. But even that party is approaching endgame. Its massive debt has already been downgraded, now Aa3, but it still pays less than Germany, with an average interest expense of 1.12% this year. Japan’s problem is that its aging savers are becoming spenders (the savings rate dropped to 3% this year) and the population has dropped 3% in the past few years as well. So it has fewer, cash-flow negative citizens to absorb ever more debt. Long term rates and dollar swaptions have already started to edge up, and, having run huge deficits since the inauguration of ZIRP in 1993, Japan has little capacity to endure an interest rate hike. According to Kyle Bass, who analogizes a Japan short to the subprime play in 2007-08, a 100 basis point rise in debt service costs would consume an additional 25% of tax revenue. Disregard any talk that might come from Japan about raising interest rates, it simply cannot happen.

ZIRP turns out to be a trap that ensnares everybody, and not just the countries that adopt the policy. During a briefing an economist from Tejas made the comment that once a major economy adopts ZIRP, Central Banks all over the world lose control of their monetary policy. I was puzzled about the mechanics of that until I came across an example from Israel.

The transmission mechanism is the carry trade.  Starting in 2009, despite its precarious geopolitical situation, Israel saw its currency strengthen as investors came in searching for yield. According to Michael Pomerleano writing in the Financial Times, as the shekel strengthened against the dollar, its central bank was forced to intervene to buy Shekel’s lower interest rates and weaken the currency, even though the bank actually wanted to raise rates to combat alarming inflation in the housing sector.

While foreign money might be enticed to borrow in ZIRP countries and invest elsewhere, domestic institutions like pension funds and insurers are driven to search for yield to meet the estimated returns embedded in their models. A pension fund using an 8% expected return is going to find itself ever deeper underwater if it is stuck in fixed income in such an interest rate regime. This is one reason hedge funds haven’t gone out of fashion even though their returns have been more dismal than not since 2008. The search for yield has also underpinned the recovery of the High Yield market since  the crash. ZIRP may have saved pensions and insurers from an immediate crash in 2008, but it has subjected them to a merciless squeeze ever since.

Individual savers find themselves caught between embracing risk and spending principal. This is not the choice retiring baby boomers expected, particularly since most were under-saved for retirement even as other safety nets develop holes.

Other unintended consequences have to do with the freeze up in interbank lending. With short term yields virtually non-existent, there is no incentive for the big banks to use funds in excess reserves to lend to smaller banks. Why take any risk in interbank lending when your reward is virtually the same as holding cash. The lack of liquidity in the interbank market in turn disrupts the forward market for FX futures (according to Stamford economist Ronald McKinnon), and this in turn makes lenders less willing to back letters of credit for exporters – something that happened in the midst of the crisis in 2008.

There have been positive benefits of ZIRP, including cheap debt for those companies lucky enough to have access to the credit markets. Most notably, has been the relationship between ZIRP’s evil twin, quantitative easing, and the buoyant stock market. Nothing makes this point as starkly as a simple chart of the S&P in 2011. The first half year was relatively smooth under the protective umbrella of quantitative easing, while the second half looks like the EKG of a heart attack (see below).

http://image.minyanville.com/assets/FCK_Jan2011/images/Lila/eugenechart3.jpg
Click to enlarge

Ben Bernanke is a brilliant economist, and I’m certain that he is more aware than I am of the pitfalls of employing ZIRP for an extended period. So why did he do it? My guess is that he went to ZIRP because he felt he had no choice. In 2008 he was caught between a rock and a hard place. On the one hand, he desperately needed to funnel money and a yield curve to the banks. All well and good, but the defensible solution–the course taken by Sweden in 1993–would have been to saddle the taxpayers with these costs only after the banks’ shareholders and debt holders had shared the pain. As one pundit put it: a nation needs banks, but a nation doesn’t need these particular banks.

So again, why didn’t Bernanke recognize that? A few people know, and they haven’t been saying. One suspicion is that our major creditors in Asia and the Mideast were also huge holders of bank shares and debt and threatened mutually assured destruction if they were forced to write down these holdings. Another, simpler explanation, is that US pension funds were also huge holders of shares and debt of the banks as well as of mortgage-backed securities, and that an omnibus write down of all these assets would cause a pension crisis the likes of which this country had never seen.

ZIRP, in concert with the various bailout programs and the stimulus, offered a way to buy time, and that’s what happened. But what happens next?

Right now, this question is still at the edges of the radar. When ZIRP is discussed at all, it is in the context of inflation fears. Indeed, inflation is one way a debt burden might be reduced, but when that day comes, soaring interest rates will force defaults and restructurings. The Goldilocks solution is to grow our way to exit. Given that both governments and households are still burdened with trillions in excess debt (as well as the issue of debt saturation), it is difficult to imagine how we could finance that growth even if an obvious and politically viable path to growth presented itself. This suggests that we will do what Japan has done and string out ZIRP until something – internal or external – forces a change.

This means that the economy and the markets will remain in this surreal context of ZIRP for an indeterminate period, even as awareness grows that there will be no controlled ending for this halcyon period. It means that there will be further episodes of quantitative easing, either overt or by stealth.

This money will likely flow into equity markets as it has in the past. It also means that government institutions will likely be major players in interbank lending for the indefinite future and that consumer lending will be constrained for the indefinite future. And with major economies printing money to maintain the illusion that there is a market for their sovereign debt, it means that commodities will continue to find a bid, even as the global economy contracts (though there will be dramatic downdrafts on specific events such as noticeable cooling in China).

It also means that the pension crisis will continue to worsen, and that the already dire situation for retirees will continue to worsen, with implications for burdens on various levels of government as well as for consumer spending.

And then, of course, ZIRP, though encompassing, is but one of the factors that will be influencing our markets in the coming months. The unresolved sovereign debt issues in the EU, a cooling China economy, and a host of US issues, also cloud the future. For the moment ZIRP hovers at the edges of the mindspace of a financial community focused on Europe and other critical issues. But, make no mistake, we’re in unknown territory as far as knowing at what constitute’s ZIRP’s event horizon, the point beyond which there is no escape. Has Japan crossed that point? Is the US approaching it? One hopes that we don’t discover this answer in retrospect.

Read more: http://www.minyanville.com/businessmarkets/articles/zero-interest-rate-policy-zirp-us/12/21/2011/id/38513#ixzz1hFzolvlA ‘

Getting Worse: 40 Undeniable Pieces Of Evidence That Show That America Is In Decline The Economic Collapse | Is America in decline? That is a very provocative question. The Economic Collapse December 21, 2011

Is America in decline?  That is a very provocative question.  I have found that most people that hate the United States are very eager to agree that America is in decline, while a lot of those that love the United States are very hesitant to admit that America is in decline.  Well, I am proud to be an American, but I cannot lie and tell you that America is doing just fine.  The pieces of evidence compiled below are undeniable.  Our economy is deathly ill and is rapidly getting worse.  We were handed the keys to the greatest economic machine in the history of the world and we have wrecked it.  But until we are willing to look in the mirror and admit how bad things have gotten, we won’t be ready for the solutions that are necessary.  The truth is that there are things that we can do to reverse the decline.  It does not have to be permanent.  We have gotten away from the things that made America great, and we need to admit that we are on the wrong path and start fixing this country.  But if we choose to continue down the road that we are currently on, it will lead us into the darkest chapters in American history.

The following are 40 undeniable pieces of evidence that show that America is in decline….

#1 Back in 1985, 11 million vehicles were sold in America.  In 2009, only 5.4 million vehicles were sold in America.

#2 In 1990, the median age of a vehicle in the United States was just 6.5 years.  Today, the median age of a vehicle in the United States is approximately 10 years.

#3 The average price of a gallon of gasoline in 2011 has been $3.50.  That is a new all-time record.  The previous record was $3.24 in 2008.

#4 The average American household will have spent an astounding $4,155 on gasoline by the time the year is over.

#5 The number of children in the United States without a permanent home has increased by 38 percent since 2007.

#6 A decade ago, the United States was ranked number one in average wealth per adult.  By 2010, the United States had fallen to seventh.

#7 The U.S. tax code is now more than 50,000 pages longer than it used to be.

#8 American 15-year-olds do not even rank in the top half of all advanced nations when it comes to math or science literacy.

#9 The United States once had the highest proportion of young adults with post-secondary degrees in the world.  Today, the U.S. has fallen to 12th.

#10 After adjusting for inflation, U.S. college students are borrowing about twice as much money as they did a decade ago.

#11 The student loan default rate has nearly doubled since 2005.

#12 Our economy is not producing nearly enough jobs for our college graduates.  The percentage of mail carriers with a college degree is now 4 times higher than it was back in 1970.

#13 Our infrastructure was once the envy of the world.  Today, U.S. infrastructure is ranked 23rd.

#14 Since December 2007, median household income in the United States has declined by a total of 6.8% once you account for inflation.

#15 Since the year 2000, incomes for U.S. households led by someone between the ages of 25 and 34 have fallen by about 12 percent after you adjust for inflation.

#16 According to U.S. Representative Betty Sutton, America has lost an average of 15 manufacturing facilities a day over the last 10 years.  During 2010 it got even worse.  Last year, an average of 23 manufacturing facilities a day shut down in the United States.

#17 In all, more than 56,000 manufacturing facilities in the United States have shut down since 2001.

#18 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.

#19 Manufacturing employment in the U.S. computer industry was actually lower in 2010 than it was in 1975.

#20 In 1959, manufacturing represented 28 percent of all U.S. economic output.  In 2008, it represented only 11.5 percent.

#21 The television manufacturing industry began in the United States.  So how many televisions are manufactured in the United States today?  According to Princeton University economist Alan S. Blinder, the grand total is zero.

#22 The U.S. trade deficit with China in 2010 was 27 times larger than it was back in 1990.

#23 The Economic Policy Institute says that since 2001 America has lost approximately 2.8 million jobs due to our trade deficit with China alone.

#24 According to one study, between 1969 and 2009 the median wages earned by American men between the ages of 30 and 50 dropped by 27 percent after you account for inflation.

#25 Back in 1980, less than 30% of all jobs in the United States were low income jobs.  Today, more than 40% of all jobs in the United States are low income jobs.

#26 The size of the economy in India is projected to surpass the size of the U.S. economy by the year 2050.

#27 One prominent economist believes that the Chinese economy will be three times larger than the U.S. economy by the year 2040.

#28 In 2001, the United States ranked fourth in the world in per capita broadband Internet use.  Today it ranks 15th.

#29 Back in the year 2000, 11.3% of all Americans were living in poverty.  Today, 15.1% of all Americans are living in poverty.

#30 Last year, 2.6 million more Americans dropped into poverty.  That was the largest increase that we have seen since the U.S. government began keeping statistics on this back in 1959.

#31 According to the U.S. Census Bureau, 6.7% of all Americans are living in “extreme poverty”, and that is the highest level that has ever been recorded before.

#32 The percentage of children living in poverty in the United States increased from 16.9 percent in 2006 to nearly 22 percent in 2010.  In the UK and in France the child poverty rate is well under 10 percent.

#33 As I wrote about the other day, since 2007 the number of children living in poverty in the state of California has increased by 30 percent.

#34 A staggering 48.5% of all Americans live in a household that receives some form of government benefits.  Back in 1983, that number was below 30 percent.

#35 Back in 1965, only one out of every 50 Americans was on Medicaid.  Today, one out of every 6 Americans is on Medicaid.

#36 Between 1991 and 2007 the number of Americans between the ages of 65 and 74 that filed for bankruptcy rose by a staggering 178 percent.

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

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

#39 During the Obama administration, the U.S. government has accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office.

#40 The U.S. national debt is now nearly 15 times larger than it was just 30 years ago.

Sadly, most Americans are not fired up about turning this country around.  Way too many of them realize that things are getting worse, but they have “checked out” and are just going through the motions of life.

A perfect example is posted below.  In this video, a FedEx delivery guy just chucks a computer monitor over somebody’s fence……Can you believe he did that?

The sad thing is that the guy was actually home at the time and all the FedEx employee needed to do was ring the bell.

This is the kind of attitude that is killing America.

We all need to start caring again.  We all need to start taking pride in what we do.  We all need to start working hard again.  We all need to make sure that we are living with a sense of personal integrity.

When a nation simply does not care anymore, even a con man can become president.

During a recent 60 Minutes interview, Barack Obama said that only 3 presidents in U.S. history accomplished more than he did during the first two years of his presidency….

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

He had to be joking, right?

Sadly, he was not joking.

But it is not just Barack Obama.  The truth is that both political parties are absolutely littered with con men, charlatans and corrupt politicians.

It is going to be up to the American people to get educated about how bad things have really gotten, to start demanding solutions, and to start voting much better people into positions of authority.

If dramatic changes are not made, our economy will continue to get worse and the decline of America will continue to accelerate.

We cannot stay on this road my friends.

It is only going to lead to a total nightmare.

Please share this information as widely as possible, and please try to wake up as many of your fellow Americans as you can while there is still time.’

Ten Reasons To Fear And Loathe Markets In 2012 Forbes Robert Lenzner

#1. European Sovereign Debt  is a greater burden on the economies of Italy and France than the debt overhang in  the U.S. Italy has $2.46 trillion of debt to a $2 trillion GDP. As Vice President Biden puts it “We did our bailout. They’ve got to do their bailout.”  The posturing has been limited to letting nations borrow cheaply to add on more debt so as not to default.

#2. The ramification  for the US  from Europe is  a reduction of 1% growth in US GDP– which means much less growth than might have been expected. This, in turn, puts added stress on valuations in our financial markets, where multiples of earnings are expected to slide as investors run away from risk-on assets.

#3. Continued pressure on the earnings and book values of both European and US banks. This can be seen in the way bank shares have traded this year, with global banks getting pounded, and only regional banks with strong balance sheets being favored.

#4. Continued  selling pressure on the prices of key commodities like oil, copper and iron ore due to expectd slowness i the global economy.

#5.  The imbecility of extending the payroll tax deduction for only two more months– a horrendous sign of political weakness with dire economic ramifications.

#6. Residential housing market still mightily impaired and not expected to recover for another 3 years. Still many millions of homes where mortgage debt greater than the market value of the homes.

#7. Antipathy individual investor for long term equity investing. Rise of the short-yterm investor such as hedge funds using leverage, requiring volatility, better informed than the public investor.

#8. Expectation reduction $1.2 trillion from US budget over next 10 years. Can only mean less money in circulation, less income to invest, lower GDP, less economic growth rate. This is the reality being denied by most investors.

#9. Overall theme of  deflation, deleveraging can only mean lower asset prices.

#10.  Chance of social unrest in China, upheaval that affects move to consumer economy,  and lack of leadership from 10% of global economy.

We’ve Reached the End Game For Central Bank Intervention http://gainspainscapital.com December 19th, 2011 We’ve reached the end game for Central Bank intervention.When confronted with excessive debt, you can either “take the hit” or you can try to inflate the debt away.In 2008, the Central Banks, lead by the US Federal Reserve, decided not to “take the hit.” They’ve since spent trillions of Dollars propping up the financial system. By doing this, they’ve essentially attempted to fight a debt problem by issuing more debt.The end result is similar to what happens when you try to cure a heroine addict by giving him more heroine: each new “hit” has less and less effect.Case in point, consider the Central Banks’ coordinated intervention to lower the cost of borrowing Dollars three weeks ago. Remember, this was a coordinated effort, not the Federal Reserve or European Central Bank acting alone. And yet, here we are, less than one month later, and European banks have wiped out MOST if not ALL of the gains the intervention produced…’

Derivatives group spent $674K lobbying in Q3 AP

PORTER STANSBERRY OF STANSBERRY RESEARCH

THE CORRUPTION OF AMERICA

The numbers tell us America is in decline... if not outright collapse.

I say "the numbers tell us" because I've become very sensitive to the impact this kind of statement has on people. When I warned about the impending bankruptcy of General Motors in 2006 and 2007, readers actually blamed me for the company's problems – as if my warnings to the public were the real problem, rather than GM's $400 billion in debt.

The claim was absurd. But the resentment my work engendered was real.

So please... before you read this issue, which makes several arresting claims about the future of our country... understand I am only writing about the facts as I find them today. I am only drawing conclusions based on the situation as it stands. I am not saying that these conditions can't improve. Or that they won't improve.

The truth is, I am optimistic. I believe our country is heading into a crisis. But I also believe that... sooner or later... Americans will make the right choices and put our country back on sound footing.

Please pay careful attention to the data I cite. And please send me corrections to the facts. I will happily publish any correction that can be substantiated. But please don't send me threats, accusations against my character, or baseless claims about my lack of patriotism. If I didn't love our country, none of these facts would bother me. I wouldn't have bothered writing this letter.

I know this is a politically charged and emotional issue. My conclusions will not be easy for most readers to accept. Likewise, many of the things I am writing about this month will challenge my subscribers to re-examine what they believe about their country. The facts about America today tell a painful story about a country in a steep decline, beset by problems of its own making.

One last point, before we begin... I realize that this kind of macro-economic/political analysis is not, primarily, what you pay me for.

You rightly expect me to provide you with investment opportunities – whether bull market, bear market, or total societal collapse. And that's what I've done every month for more than 15 years.

But that's not what I've done this month. You won't find any investment ideas at all in these pages. This issue is unlike any other I have ever written.

I'm sure it will spark a wave of cancellations – costing me hundreds of thousands of dollars. I fear it will spark a tremendous amount of controversy. Many people will surely accuse me of deliberately writing inflammatory things in order to stir the pot and gain attention. That's not my intention. The truth is, I've gone to great lengths throughout my career to protect my privacy.

I am speaking out now because I believe someone must. And I have the resources to do it. I am sharing these ideas with my subscribers because I know we have arrived at the moment of a long-brewing crisis.

Our political leaders, our business leaders, and our cultural leaders have made a series of catastrophic choices. The result has been a long decline in America's standard of living.

For decades, we have papered over these problems with massive amounts of borrowing. But now, our debts total close to 400% of GDP, and America is the world's largest borrower (after being the world's largest creditor only 40 years ago)... And the holes in our society can no longer be hidden...

We've reached the point where we will have to fix what lies at the heart of America's decline... or be satisfied with a vastly lower standard of living in the future.

How do I know? How do I statistically define the decline of America?

The broadest measure of national wealth is per-capita gross domestic product (GDP). Economists use this figure to judge standards of living around the world. It shows the value of the country's annual production divided by the number of its citizens. No, the production isn't actually divided among all the citizens, but this measure provides us with a fair benchmark to compare different economies around the world. Likewise, this measure shows the growth (or the decline) in wealth in societies across time.

So... is America growing richer or poorer based on per-capita GDP? Seems like a simple enough question, doesn't it? Is our economy growing faster than our population? Are we, as individuals, becoming more affluent? Or is the pie, measured on a per-person basis, growing smaller?
This is the most fundamental measure of the success or the failure of any political system or culture. Are the legal and social rules we live under aiding our economic development or holding us back? What do the numbers say?

Unfortunately, it's a harder question to answer than it should be. The problem is, we don't have a sound currency with which to measure GDP through time. Until 1971, the U.S. dollar was defined as a certain amount of gold. And the price of gold was fixed by international agreement. It didn't actually begin to trade freely until 1975. Therefore, the value of the U.S. dollar (and thus the value of U.S. production, which is measured in dollars) was manipulated higher for many years.

Even today, our government's nominal GDP figures are greatly influenced by inflation. The influence of inflation is particularly pernicious in GDP studies. You see, inflation, which actually reduces our standard of living, drives up the amount of nominal GDP. So it creates the appearance of a wealthier country... while the nation is actually getting poorer.

The only real way to accurately measure per-capita GDP is to build our own model. The need to build our own tools tells you something important – the government doesn't want anyone to know the answer to this question. It could easily publish data far more accurate than the indexes it puts out. But government doesn't want anyone to know. And it wants to be able to say "those aren't the real data" when studies like ours produce bad news.

So pay attention to how we built our charts. You can see for yourself that our data are far more accurate than the government's figures. Our data are based on the real purchasing power of the currency, not the nominal numbers, which are completely meaningless in the real world.

The question we are trying to answer is: What would per-capita GDP numbers look like, if we used a real-world currency, like gold, or a basket of commodity prices, instead of the paper-based U.S. dollar? What would the figures be if we measured GDP in sound money instead of the government's funny money?

Here's how we figured it out. We took the government numbers for nominal GDP and measured them first against commodity prices, and later (after it began to trade freely) gold. We used a standard commodity index (the CRB) up to 1975 and gold post-1975. The result of this analysis shows you the real trend in U.S. per-capita GDP, as measured on a real-world purchasing power basis.

Our analysis shows you what's actually happened to our real standard of living. The results, we suspect, will surprise even the most bearish among you.

America is in a steep decline.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/porter%201.png

Americans Are Getting Poorer – Fast

Let me anticipate the "official" criticism of our study. Many people will claim that our numbers aren't "real." They will say that we "mined" the data to produce a chart that showed a steep decline.

That's simply not so. All we've done is convert the government's nominal GDP stats into a fixed currency value that's based on real-world purchasing power. The fact is, our data are far more accurate than the government's because they represent the real-world experience.

That's why our data are far more closely correlated to other real-world studies of wealth in America.

Consider, for example, annual sales of automobiles. Auto sales peaked in 1985 (11 million) and have been declining at a fairly steady rate since 1999. In 2009, Americans bought just 5.4 million passenger cars. As a result, the median age of a registered vehicle in the U.S. is almost 10 years.

Our data shows that real per-capita wealth peaked in the late 1960s. Guess when we find the absolutely lowest median age of the U.S. fleet? In 1969. At the end of the 1960s, the median age of all the cars on the road in the U.S. was only 5.1 years. Even as recently as 1990, the median age was only 6.5 years.

Rich people buy new cars. Poor people do not.

Most important, our data "proves" something I know many of you have felt or perceived for many years. You've seen the decline of your neighborhoods. You've gone years without being able to earn more money in your job. Or you've seen your purchasing power decrease to the point where you're now substituting lower-quality products on your grocery list for the brand-name products you used to buy.

You can see how much harder it is on your children to find good jobs, to buy good housing or a new car. As a result, few people under the age of 40 have the same kind of "life story" as their parents.

And because they can't "make it," many have decided to "fake it." The average college student now graduates with $24,000 in debt... and by his late 20s has racked up more than $6,000 in credit card debt. Meanwhile, median earnings for Americans aged 25-34 equals $34,000-$38,000. (Source: Demos.org, "The Economic State of Young America," November 2011.)

Can you imagine starting your life out as an adult with a personal debt-to-income level at close to 100%? What does this say about the state of our economy? What does this say about the state of our culture?

Who Suffers Most

It's not only the young that are having trouble in America. It is also the old.

Debt levels among households headed by people older than 62 have been rising for two decades. The average mortgage size for this population is now $71,000 – five times larger than it was in 1987 (adjusted for inflation), according to William Apgar of Harvard's Joint
Center for Housing Studies.

Older Americans are also more reliant on credit card debt than ever before... credit card debt. From 1992 through 2007 (which is the latest data available) older Americans took on credit card debt at a faster pace than the population as a whole. According to USA Today, lower- and middle-income Americans aged 65 and older now carry an average of more than $10,000 in credit card debt, up 26% since only 2005.
Given average interest rates of 20% for these debts, it's a fair bet that these obligations will never be repaid. But they will have a terrible impact on the standard of living of these older Americans.

What in the heck is going on? Don't Americans pay off their mortgages before they retire? Don't they work hard during their careers, save, and invest, so they can move to Florida and spend their retirement in comfort?

Older Americans living with credit card debt! This doesn't sound like America, does it? Or maybe it does.

My bet is that most of my subscribers know that something has gone terribly wrong with America. It's not easy to figure out how all of this happened... but you know from your own experiences that these numbers aren't wrong. It might not be pleasant to think about... but these figures paint a sad but accurate picture: America is not the country it was 40 years ago. These changes are warping our economy, politics, and culture.

In this month's issue, I'd like to try to define a few of the core reasons we're in this situation. I can't possibly analyze all the factors that have led to this decline. But I want to document the growth of graft in politics. I want to demonstrate – with real facts and examples – how public company leadership has deteriorated. And I want to document some of the things that are occurring in the broader society, all of which I believe are linked to this fundamental decline in our standard of living.

You see, I believe the decline of our country is primarily a decline of our culture.

We have lost our sense of honor, humility, and the dedication to personal responsibility that, for more than 200 years, made our country the greatest hope for mankind. I want to detail some of the factors that gave rise to the current entitlement society. We have become a country of people who believe their well-being is someone else's responsibility.

I've labeled these problems: The Corruption of America.

These problems manifest themselves in different ways across institutions in all parts of our society. But at their root, they are simply facets of the same stone. They are all part of the same essential problem.

The corruption of America isn't happening in one part of our country... or in one type of institution. It is happening across the landscape of our society, in almost every institution. It's a kind of moral decay... a kind of greed... a kind of desperate grasp for power... And it's destroying our nation.

The Ethos of 'Getting Yours'

Americans know, in their bones, that something terrible is happening. Maybe you can't articulate it. Maybe you don't have the statistics to understand exactly what's going on. But my bet is, you think about it a lot.

For me, a poignant moment of recognition came this month.

Bloomberg news published an article based on confidential sources about how Henry Paulson, the former CEO of Goldman Sachs and the Republican U.S. Treasury secretary during the financial crisis, held a secret meeting with the top 20 hedge-fund managers in New York City in late July 2008. This was about two weeks after he testified to Congress that Fannie Mae and Freddie Mac were "well-capitalized."
I knew for a fact that what Paulson told Congress wasn't true. I wrote my entire June 2008 newsletter detailing exactly why Fannie and Freddie certainly had billions in losses that they had not yet revealed to investors – $500 billion in losses, at least. There was no question in my mind, both companies were insolvent – "zeros," as I explained.

And yet, in front of Congress, the U.S. Treasury secretary was saying exactly the opposite. Either I was a liar... or he was.
Then... only a few days later... what did Paulson tell those hedge-fund managers?

He told them the same thing I had written in my newsletter. He told them the opposite of what he'd said publicly to Congress. He told these billionaire investors that Fannie and Freddie were a disaster... They would require an enormous, multibillion-dollar bailout... The U.S. government would have to take them over... And their shareholders would be completely wiped out.

Here you had a high-government official, explicitly lying to Congress (and by extension, the general public), while giving the real facts to a group of people who represented the financial interests of the world's wealthiest folks. The story didn't come to the public's attention for two years.

This was the most outrageous example of graft and corruption I have ever seen. Certainly it involves more billions of dollars in misappropriated value than any other similar story I can recall. These managers had the risk-free ability to make tens of billions of dollars, if not hundreds of billions, by using derivatives to capitalize on what they knew was the imminent collapse of the world's largest mortgage bank. Who picked up the tab? You know perfectly well. It was you and me, the taxpayers.

(One of the investment managers present at this meeting was Steve Rattner, who by that point was already deeply involved in another bit of graft, his efforts to bribe New York state pension-fund managers for large investments into his hedge fund, from which he earned perhaps as much as $100 million. He later settled the charges for a mere $10 million shortly after Andrew Cuomo was elected governor of New York.)
The Bloomberg story... about a crooked Treasury secretary handing a room full of crooked billionaires inside information worth billions of dollars... hardly caused a ripple. As far as I know, no actions are being planned against Henry Paulson or any of the hedge-fund managers involved. No other major media outlet picked up the story. I saw nothing about it from the Department of Justice or the Securities and Exchange Commission.

What does that say about our country when even the most egregious kind of corruption – involving hundreds of billions of dollars – is simply ignored?

It seems like everyone in our country has lost his moral bearing, from the highest government officials and senior corporate leaders all the way down to schoolteachers and local community leaders. The ethos of my fellow Americans seems to have changed from one of personal integrity and responsibility to "getting yours" – the all-out attempt, by any means possible, to get the most amount of benefits with the least amount of work.

You can see this in everything from the lowering of school standards (revising the SAT) to the widespread use of performance-enhancing drugs in professional, college, and high school sports. Cheating has become a way of life in America.

I have an idea about how this happened... about the root cause of this kind of corruption and why it was inevitable, given some of the basic facts regarding how we've organized our government and our corporations.

Let me show you the numbers – the hard facts – behind what's happened to our country...’

50 Economic Numbers From 2011 That Are Almost Too Crazy To Believe The Economic Collapse | If we do not educate the American people about how deathly ill the U.S. economy has become, then they will just keep falling for the same old lies. December 16, 2011 ‘Even though most Americans have become very frustrated with this economy, the reality is that the vast majority of them still have no idea just how bad our economic decline has been or how much trouble we are going to be in if we don’t make dramatic changes immediately.  If we do not educate the American people about how deathly ill the U.S. economy has become, then they will just keep falling for the same old lies that our politicians keep telling them.  Just “tweaking” things here and there is not going to fix this economy.  We truly do need a fundamental change in direction.  America is consuming far more wealth than it is producing and our debt is absolutely exploding.  If we stay on this current path, an economic collapse is inevitable.  Hopefully the crazy economic numbers from 2011 that I have included in this article will be shocking enough to wake some people up.

At this time of the year, a lot of families get together, and in most homes the conversation usually gets around to politics at some point.  Hopefully many of you will use the list below as a tool to help you share the reality of the U.S. economic crisis with your family and friends.  If we all work together, hopefully we can get millions of people to wake up and realize that “business as usual” will result in a national economic apocalypse.

The following are 50 economic numbers from 2011 that are almost too crazy to believe….

#1 A staggering 48 percent of all Americans are either considered to be “low income” or are living in poverty.

#2 Approximately 57 percent of all children in the United States are living in homes that are either considered to be “low income” or impoverished.

#3 If the number of Americans that “wanted jobs” was the same today as it was back in 2007, the “official” unemployment rate put out by the U.S. government would be up to 11 percent.

#4 The average amount of time that a worker stays unemployed in the United States is now over 40 weeks.

#5 One recent survey found that 77 percent of all U.S. small businesses do not plan to hire any more workers.

#6 There are fewer payroll jobs in the United States today than there were back in 2000 even though we have added 30 million extra people to the population since then.

#7 Since December 2007, median household income in the United States has declined by a total of 6.8% once you account for inflation.

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

#9 A Gallup poll from earlier this year found that approximately one out of every five Americans that do have a job consider themselves to be underemployed.

#10 According to author Paul Osterman, about 20 percent of all U.S. adults are currently working jobs that pay poverty-level wages.

#11 Back in 1980, less than 30% of all jobs in the United States were low income jobs.  Today, more than 40% of all jobs in the United States are low income jobs.

#12 Back in 1969, 95 percent of all men between the ages of 25 and 54 had a job.  In July, only 81.2 percent of men in that age group had a job.

#13 One recent survey found that one out of every three Americans would not be able to make a mortgage or rent payment next month if they suddenly lost their current job.

#14 The Federal Reserve recently announced that the total net worth of U.S. households declined by 4.1 percent in the 3rd quarter of 2011 alone.

#15 According to a recent study conducted by the BlackRock Investment Institute, the ratio of household debt to personal income in the United States is now 154 percent.

#16 As the economy has slowed down, so has the number of marriages.  According to a Pew Research Center analysis, only 51 percent of all Americans that are at least 18 years old are currently married.  Back in 1960, 72 percentof all U.S. adults were married.

#17 The U.S. Postal Service has lost more than 5 billion dollars over the past year.

#18 In Stockton, California home prices have declined 64 percent from where they were at when the housing market peaked.

#19 Nevada has had the highest foreclosure rate in the nation for 59 monthsin a row.

#20 If you can believe it, the median price of a home in Detroit is now just $6000.

#21 According to the U.S. Census Bureau, 18 percent of all homes in the state of Florida are sitting vacant.  That figure is 63 percent larger than it was just ten years ago.

#22 New home construction in the United States is on pace to set a brand new all-time record low in 2011.

#23 As I have written about previously, 19 percent of all American men between the ages of 25 and 34 are now living with their parents.

#24 Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row.

#25 According to the Bureau of Economic Analysis, health care costs accounted for just 9.5% of all personal consumption back in 1980.  Today they account for approximately 16.3%.

#26 One study found that approximately 41 percent of all working age Americans either have medical bill problems or are currently paying off medical debt.

#27 If you can believe it, one out of every seven Americans has at least 10 credit cards.

#28 The United States spends about 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States.

#29 It is being projected that the U.S. trade deficit for 2011 will be 558.2 billion dollars.

#30 The retirement crisis in the United States just continues to get worse.  According to the Employee Benefit Research Institute, 46 percent of all American workers have less than $10,000 saved for retirement, and 29 percent of all American workers have less than $1,000 saved for retirement.

#31 Today, one out of every six elderly Americans lives below the federal poverty line.

#32 According to a study that was just released, CEO pay at America’s biggest companies rose by 36.5% in just one recent 12 month period.

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

#34 The six heirs of Wal-Mart founder Sam Walton have a net worth that is roughly equal to the bottom 30 percent of all Americans combined.

#35 According to an analysis of Census Bureau data done by the Pew Research Center, the median net worth for households led by someone 65 years of age or older is 47 times greater than the median net worth for households led by someone under the age of 35.

#36 If you can believe it, 37 percent of all U.S. households that are led by someone under the age of 35 have a net worth of zero or less than zero.

#37 A higher percentage of Americans is living in extreme poverty (6.7%) than has ever been measured before.

#38 Child homelessness in the United States is now 33 percent higher than it was back in 2007.

#39 Since 2007, the number of children living in poverty in the state of California has increased by 30 percent.

#40 Sadly, child poverty is absolutely exploding all over America.  According to the National Center for Children in Poverty, 36.4% of all children that live in Philadelphia are living in poverty, 40.1% of all children that live in Atlanta are living in poverty, 52.6% of all children that live in Cleveland are living in poverty and 53.6% of all children that live in Detroit are living in poverty.

#41 Today, one out of every seven Americans is on food stamps and one out of every four American children is on food stamps.

#42 In 1980, government transfer payments accounted for just 11.7% of all income.  Today, government transfer payments account for more than 18 percent of all income.

#43 A staggering 48.5% of all Americans live in a household that receives some form of government benefits.  Back in 1983, that number was below 30 percent.

#44 Right now, spending by the federal government accounts for about 24 percent of GDP.  Back in 2001, it accounted for just 18 percent.

#45 For fiscal year 2011, the U.S. federal government had a budget deficit ofnearly 1.3 trillion dollars.  That was the third year in a row that our budget deficit has topped one trillion dollars.

#46 If Bill Gates gave every single penny of his fortune to the U.S. government, it would only cover the U.S. budget deficit for about 15 days.

#47 Amazingly, the U.S. government has now accumulated a total debt of 15 trillion dollars.  When Barack Obama first took office the national debt was just 10.6 trillion dollars.

#48 If the federal government began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it would take over 440,000 years to pay off the national debt.

#49 The U.S. national debt has been increasing by an average of more than 4 billion dollars per day since the beginning of the Obama administration.

#50 During the Obama administration, the U.S. government has accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office.

Of course the heart of our economic problems is the Federal Reserve.  The Federal Reserve is a perpetual debt machine, it has almost completely destroyed the value of the U.S. dollar and it has an absolutely nightmarish track record of incompetence.  If the Federal Reserve system had never been created, the U.S. economy would be in far better shape.  The federal government needs to shut down the Federal Reserve and start issuing currency that is not debt-based.  That would be a very significant step toward restoring prosperity to America.

During 2011 we made a lot of progress in educating the American people about our economic problems, but we still have a long way to go.

Hopefully next year more Americans than ever will wake up, because 2012 is going to represent a huge turning point for this country.’

Current Events Summarized In Brilliant Art George Washington 12/16/2011 A picture is worth a thousand words [ View archived file: http://www.albertpeia.com/currenteventsinart.htm ]

The Tim Tebow Comeback Story Continues But There Will Be No Miracle Comebacks For The U.S. Economy | Never in the history of the NFL has there ever been anything like this. The Economic Collapse December 12, 2011 ‘Never in the history of the NFL has there ever been anything like this.  Today, Tim Tebow engineered yet another miraculous 4th quarter comeback.  Almost everyone has been expecting this unprecedented string of comebacks to come to an end, yet Tebow just keeps pulling off miracle after miracle.  It seems like nearly every week now we are talking about another unbelievable Tim Tebow comeback.  It is truly a great story, and what is wonderful about Tebow is that he is not out to glorify himself.  He is very humble, he always recognizes his teammates and he is a terrific role model for a generation of American youth that is in desperate need of one.  Unfortunately, there is not going to be a similar comeback story for the U.S. economy.  It is late in the 4th quarter, we have accumulated over 50 trillion dollars of total debt as a nation, and our economic guts are being ripped out at a rate that is almost impossible to believe.  The game is essentially over and we are headed for an incredible amount of economic pain as a nation.

We desperately need a “political Tim Tebow” to come along to dismantle our current debt-based economic system.  But instead, the corrupt politicians in Washington D.C. just keep patching up our current system and hope that somehow it will recover.

Unfortunately, this is about as good as things are going to get for the U.S. economy.  The federal government and the Federal Reserve are already pushing things to the “red line”, and all of that effort has not accomplished much.

We have been experiencing “economic stagnation” for much of the past year, and there is not much more that they can do to improve things under our current system.

Right now, the Federal Reserve has pushed interest rates as low as they can go.  They can’t go any lower.

Right now, the federal government is borrowing and spending unprecedented amounts of money.  Federal spending cannot go much higher.

Right now, we have already seen tax cut after tax cut and virtually none of them have been paid for.  Any additional tax cuts will just send our budget deficits even higher.

Right now, we have already seen unprecedented intervention by the Federal Reserve.  They have done just about everything short of dropping huge bags of money over the countryside from helicopters.

The federal government and the Federal Reserve have done just about everything that they can possibly do to “stimulate” the economy, and yet things just keep getting worse.

So what is going to happen when the federal government and the Federal Reserve quit stimulating the economy?

As I wrote about the other day, when evaluating the future of the U.S. economy, it is vitally important to look at the balance sheet numbers and the long-term trends.

When you do that, you suddenly do not feel so good about the upward “blips” that we have seen in the economy lately.

Yes, the “official” unemployment rate recently went down slightly.  But as Mac Slavo recently pointed out, even with the recent “improvement” the truth is that the “real” level of unemployment in the United States is still well over 20 percent.

And all of the long-term trends indicate that we heading for a massive amount of trouble.

The number of good jobs continues to decline.  Even though our population is rapidly increasing, there are 10 percent fewer middle income jobs in the U.S. today than there were a decade ago.

In recent years, the employment to population ratio has been steadily declining.  At the start of the recession it was at 62.7%.  Today, it is at 58.5%.

Household incomes continue to go down as well.  Since December 2007, median household income in the United States has declined by a total of 6.8%once you account for inflation.

So why is this happening?  Well, as I wrote about recently, the United States has the worst balance of trade in the entire world by far.

Wealth, jobs and economic infrastructure are pouring out of this country and very few politicians are trying to stop it.

An average of 23 manufacturing facilities were shut down every single day in the United States last year.

That represents a huge amount of lost jobs.

So do you hear any political candidates talking about how they are going to stop this from happening or about how they are going to get all of those lost jobs back?

Overall, the U.S. has lost a total of more than 56,000 manufacturing facilities since 2001.

So how can an economy be great when it is constantly bleeding huge amounts of economic infrastructure?

We have become way too dependent on other nations for the things that we need.

How much trouble would we be in if Saudi Arabia suddenly decided to quit shipping us oil or if China suddenly decided to quit shipping us cheap plastic products to sell in our stores?

Right now, businesses are absolutely racing to get out of the United States.  Big corporations are shipping as many jobs as they possibly can out of the country.  Our insane economic policies have turned American workers into tremendous liabilities.

One economist from Princeton University is warning that 40 million more U.S. jobs could be sent offshore over the next two decades if nothing is done to stop this.

So why aren’t more politicians screaming and yelling about this?

Without good jobs, Americans are falling out of the middle class in staggering numbers.

Since 2007, the number of children living in poverty in the state of California has increased by 30 percent.

So is that a sign that things are getting better or that things are getting worse?

A higher percentage of Americans is living in extreme poverty than has ever been measured before.  Not only that, 2.6 million more Americans fell into poverty last year.  That was also a new all-time record.

So are those signs that things are getting better or that things are getting worse?

The American people generally do not understand why these things are happening, but they are clearly getting frustrated.

A recent Gallup poll found that an all-time record 76 percent of all Americans believe that most members of Congress do not deserve to be reelected.

But when election time rolls around, they will probably send most of them back to Washington D.C. anyway.

Our politicians keep kicking the can down the road, but time for doing that is running out.  The unprecedented “stimulus” efforts by the federal government will be coming to an end sooner or later.

In a recent article, author Bruce Krasting listed a whole bunch of reasons why the economic can is not going to be able to be kicked down the road much farther.  The following are some of the things that he says are scheduled to end by the beginning of 2013….

The Bush tax cuts on those making more than $200k will expire.

The Bush tax cuts on those making less than $200k will also expire.

The Patch on AMT will expire.

The 2% payroll tax holiday will expire for all workers on 12/31/12 (I’m sure the current holiday will be rolled for another year)

The 99-week extended unemployment benefits die on 12/31. (The emergency benefits will also be extended for 2012)

There will have to be a budget that is approved. Alternatively, a series of continuing resolutions is required to avert a government shutdown. We have not had an approved budget in over 900 days.

2013 is the first year that there will be mandatory caps on discretionary spending. These limits will result in a YoY decline in government spending.

The Federal Reserve has promised to keep interest rates at zero into 2013. While it is possible that the Fed could continue the madness for even longer, the reality is that interest rates have nowhere to go but up.

By January 2013 it will be painfully evident that the country’s key social programs, Social Security and Medicare will be running in the red at a pace that is far higher than anyone considered possible. The need for dramatic changes in these programs will have to come onto the table. The implications of this will be significant.

In 2013 the issues of Fannie, Freddie, FHA and the Federal Home Loan Banks must be addressed. The problems at the housing agencies has festered too long.

The country will face another debt ceiling extension. The last time cost us our AAA.

Sadly, we will probably not have to wait until 2013 to feel a whole lot of economic pain.

The reality is that a 15 trillion dollar debt and trillion dollar yearly budget deficits are not sustainable.  We have created a situation where a horrible crash is inevitable, and there is no way that our current debt-based system can be fixed to keep a nightmarish collapse from happening.

During the Obama administration, the U.S. government has accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office.  That is a recipe for national financial suicide.

Meanwhile, despite what you may have heard, the European debt crisis has not been fixed.

Not at all.

The truth is that none of the fundamental problems were fixed by this recent “agreement” as Ambrose Evans-Pritchard recently noted in one of his columns….

There is no shared debt issuance, no fiscal transfers, no move to an EU Treasury, no banking licence for the ESM rescue fund, and no change in the mandate of the European Central Bank.

In short, there is no breakthrough of any kind that will convince Asian investors that this monetary union has viable governance or even a future.

Germany has kept the focus exclusively on fiscal deficits even though everybody must understand by now that this crisis was not caused by fiscal deficits (except in the case of Greece). Spain and Ireland were in surplus, and Italy had a primary surplus.

For many more reasons why Europe is headed for big trouble, please read this article: “22 Reasons Why We Could See An Economic Collapse In Europe In 2012“.

When Europe goes down, it is going to have a devastating impact on the United States.

Meanwhile, the economies of China and Japan are also steamrolling toward recession.

There is simply way too much debt in the world, and a great day of reckoning is coming.

Combined, the industrialized nations of the world borrowed more than 10 trillion dollars this year, and that number is expected to soar even higher next year.

Jim Cramer of CNBC stated recently that the global economy is at “DEFCON 3, two stages from a financial collapse so huge it’s hard to get your mind around.”

Most Americans don’t understand this yet.  But hopefully we can get more of them educated while there is still time.

The global financial system is a big shell game.  It is a gigantic mountain of debt, leverage and risk.

You would have thought that we would have learned some key lessons from the financial crisis of 2008, but we didn’t.

Back in 2002, the top 10 U.S. banks controlled 55 percent of all U.S. banking assets.  Right now, the top 10 U.S. banks control 77 percent of all U.S. banking assets.

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

So instead of doing something about the “too big to fail” banks, they are now more “too big to fail” than ever.

As big banks and big corporations have come to dominate our economy more than ever before, wealth and power have also become much more concentrated….

*The wealthiest 1 percent of all Americans now own more than a third of all the wealth in the United States.

*The poorest 50 percent of all Americans collectively own just 2.5% of all the wealth in the United States.

*The six heirs of Wal-Mart founder Sam Walton have a net worth that is roughly equal to the bottom 30 percent of all Americans combined.

*Overall, the wealthiest one percent of all Americans have a greater net worththan the bottom 90 percent combined.

It would be wonderful if we could send a “Tim Tebow of politics” to Washington D.C., but instead the Democrats and the Republicans look like they just plan to give us more of the same.

Are the Republicans really going to nominate someone who co-sponsored 418 bills with Nancy Pelosi?  The truth is that the latest “anti-Romney candidate” isalmost a clone of Mitt Romney.

Newt Gingrich is essentially an older, ruder version of Barack Obama.  If you are counting on him to “save America” then you are going to be incredibly disappointed.

Sadly, we just do not have nearly enough men like Tim Tebow in America today.  The following comes from a recent profile of Tebow that recently appeared in the Wall Street Journal….

While at Florida, Mr. Tebow became well known for spending his summers helping the poor and needy in the Philippines. He also spoke in prisons and appeared to accept every opportunity to volunteer. He encouraged his teammates and classmates to follow his lead.

You can see video of Tim Tebow speaking to a group of prisoners at the Lake City Correctional Facility while he was still attending the University of Floridaright here.

Unfortunately, there is no “Tim Tebow comeback” on the horizon for the U.S. economy at this point.

But when the U.S. economy does get worse, we can take a cue from Tim Tebow and be very generous with those in need.  There are going to be a lot of people that will be really hurting, and those of us that have been blessed should do what we can to help them out.

A lot of people say that my site is all about “doom and gloom”, but telling the truth to the American people is never a bad thing.

We do not do ourselves any favors by sticking our heads in the sand and pretending that everything is going to be okay.

There is going to be no miracle comeback for the U.S. economy.

A horrific economic collapse is coming.

You better get ready.’

THE ROAD NOT TAKEN: GLOBAL ECONOMY ON THE BRINK http://www.safehaven.com/article/23606/the-road-not-taken 12/10/2011 By David Knox Barker: ‘The international political economy and global financial markets are deep in the woods. A long wave winter season is blowing cold, and getting colder. Decades of excess leverage in the banking system and sovereign states is coming to an end. Government and consumer spending are hitting a wall. A critical fork on this wintry road is coming up fast.

A transformational long wave crisis that spans the globe is under way. Tough decisions must be made to pull us out of the long wave winter crisis and into a new spring day on the other side. There are two different roads beckoning us out of this long wave wintry mess. Make no mistake; the choice leads to distinctly different destinations.

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Oscar Wilde, in his essay The Decay of Lying, famously penned the words, "Life imitates art far more than art imitates life." Along this line of thinking, Robert Frost's famous poem, with only one word edited (wintry), is in order. It offers new meaning as the world grapples with the global financial, economic and political crisis. It speaks to the far-reaching implications of the important decisions required now for the uncertain road that lies ahead.

The Road Not Taken
by Robert Frost

Two roads diverged in a (wintry) wood,
And sorry I could not travel both
And be one traveler, long I stood
And looked down one as far as I could
To where it bent in the undergrowth;

Then took the other, as just as fair,
And having perhaps the better claim
Because it was grassy and wanted wear,
Though as for that the passing there
Had worn them really about the same,

And both that morning equally lay
In leaves no step had trodden black.
Oh, I marked the first for another day!
Yet knowing how way leads on to way
I doubted if I should ever come back.

I shall be telling this with a sigh
Somewhere ages and ages hence:
Two roads diverged in a wood, and I,
I took the one less traveled by,
And that has made all the difference.

Investors and traders should recognize that global markets will discount the unknown future on the road ahead far more than most are expecting as this long wave winter bottoms in the years directly ahead, whatever road we take. Markets do not like the unknown and buyers of the future will require a hefty discount to the cash flows it offers, especially when perceived risks are rising fast and show no sign of abating.

After this final phase of the long wave winter that puts the future on sale, we can get on with building a global economy that is better than what we are leaving behind. The real question is what road we will take. One road leads to the serfdom and dependence on government promises, the other to individual freedom and unlimited potential. The road chosen will make a big difference in the world we live in during the coming long wave spring season and global boom that lies ahead.

The low road offers more of the same Keynesian hopes that created this crisis. It shows more wear. It offers greater intervention from government in hopes that the state, even in light of recent evidence to the contrary, has the answers. The low road grants greater powers to government and vastly higher levels of debt, fighting debt with debt. Along this road greater national and individual sovereignty and liberty is a required sacrifice offered to the deity of the state and its various temples of centralized control.

The high road offers the hope that the grand experiment of big government is actually ending world over. The dissemination of information on the Internet suggests the old media is losing its grip on public consciousness and its role of kingmaker. Centralized political power is doomed. Rather than centralizing power, there are signs the information age and technology is in the process of a quantum leap, transforming political power in the process and returning it to its rightful owner, the individual and their important role in society and community. The latent potential that can be unleashed on the high road is astounding, and it is the same world over.

Advocates of the high road recognize that radical pro-growth and pro-job corporate tax policies are urgently required. A low flat corporate tax rate of 15% or less in the U.S. will force the world to follow and trigger a global growth boom and new long wave spring. The fair-tax makes even more sense, but that is likely asking too much of politicians that appear to have trouble understanding that they were not elected to only enrich themselves. Have courage, this ilk is on the way out. Most politicians believe tax reform is granting tax breaks in the tax code for kickbacks in one form of another.

If government spending cuts are combined with pro-growth corporate tax policies, the next wave of Internet driven innovation will trigger a global boom in a new long wave spring season beyond 2012. Political leaders can pursue policies that accelerate these trends, or they can try to hold on to their rapidly failing grip on power.

Few are aware that the object-oriented paradigm and the object-oriented code it spawned has played an essential role in the Internet revolution. The objectivation of the planet is turning the Internet into an empowering force for individual freedom and liberty. The Internet is decentralizing access to information and is radically changing the world, including putting political power into a state of flux.

The low road is simply more of the same that got us here and delivered the global system to the edge of the abyss. There are those that are loudly advocating this well-worn Keynesian road funded by government debt, i.e., the same map that got us here. Many advocating the low road are hoping for yearend bonus checks for all the bad debt they would like governments to back stop and transfer onto the backs of taxpayers. This low road is where society's resources are distributed both up to an elite class that socialize their losses and down to an entitlement class. The motto of the low road is clear, in the words of Ayn Rand, "From each according to his ability, to each according to his need."

The high road is seldom traveled these days. It is a road of individual responsibility and accountability for one's own decisions and actions, where thrift and prudence gain their just reward and are not punished by the greed of others that are too big to fail. This high road is where budgets are balanced and governments do not spend money they do not have and therefore must borrow, or steal from its rightful owners.

The two roads out of the global financial crisis are coming up as the world descends in the current business cycle. The call for the European Central Bank (ECB) to join with the U.S. Federal Reserve and promise unlimited quantitative easing (QE) has reached a fevered pitch. The ECB has been buying sovereign bonds on the margin, but the idea of the ECB ratcheting up the buying of any bonds issued by the profligate politicians is a low road choice by any standard. It is repulsive to those accustomed to living within their means and not interested in financing those that who do not.

The current global system is now struggling under its glaring contradictions. The long wave cycle points down and to a resetting of the global economic and financial order. The world has come to an important fork in the road in the current business cycle, the final business cycle of the long wave winter

The entitlement class is demanding the politicians serve up the wealthiest producers on a 1% prime mover platter, so they can, in their own words, "eat the rich". It will of course be their last meal, but this crowd does not think that far ahead. They have not considered that the next meal will be the wild-eyed comrade across the table, or it will be them and their family.

In short, the low road thinking suggests that it is possible to solve history's greatest debt crisis with more debt and deficit spending, keeping the entitlement class satisfied and growing. This may work marginally in this long wave cycle crisis and a somber spring will begin belatedly, but this low road will weaken international capitalism and likely trigger the collapse of capitalism in the next long wave winter season, delivering the global economy onto the cusp of a new dark age.

On the high road, governments will actually be required to stop spending money they do not have and balance their budgets. Investors that unfortunately make bad investments will have to take losses and not socialize them and pass them on to taxpayers. This appears to be a rather novel concept for many. The media and politicians jeer at it as old-fashioned nonsense. Those with the mistaken belief that the profits of capitalism will be able to pay the tab for the great entitlement banquet, are rejecting as "austerity" what is only common sense and the way our grandparents lived.

Advocates for the low road gained the upper hand in the 2008-2009 phase of the financial crisis. Many are now rightfully questioning this direction. Although we are now moving toward the low road, there remains time to change, to take the high road.

All eyes are now on Europe. There is hope that Europe could switch to the high road, and force the U.S. and Asia to follow. This week we learned that the new ECB president Mario Draghi is suggesting that the ECB does not intend to backstop governments that cannot balance their budgets, or failing banks that fund them. German Chancellor Angela Merkel is suggesting government must bring their budgets under control before they receive any help from the ECB. In short, Europe is considering taking the high road. If they do, they could force the U.S. and even the world to follow. Merkel and Draghi are pointing us toward the high road. Those clamoring for more QE to off load their bad debts on you, your children and your grandchildren, so they can get their Christmas bonuses, typically work the tollgates on the low road.

The statement out of the European Union meeting this week suggests there remain leaders that are advocating the high road; let us pray they can provide the leadership to make it happen. They are asking governments to cut spending and move toward balanced budgets before the ECB steps in and buys larger amounts of sovereign debt. Draghi appears to be the sort that will wait for tangible evidence and real cuts before backstopping anyone. Chairman Bernanke should take notes and shake off his fear of deflation.

Great pressure is being applied to the ECB to jettison their single mandate of price stability in Europe and join the U.S. Federal Reserve by becoming the buyer of last resort. This is clearly a low road option. If the ECB caves to this pressure, odds rise sharply that the low road is our destiny. If the infrastructure obsessed Bank of China (BOC) keeps the monetary pedal to the metal it will also indicate the low road may be the one the world travels, but they may just take their cue from the ECB. There is evidence that even some of the leaders of communist-capitalism can recognize the advantages of the high road.

On the low road, concerted global QE will cause the global crisis and long wave winter to drag on longer than it will on the high road. With global QE that buys bad debt, the business cycle lows in 2016 will be inflation-adjusted long wave lows as debt is monetized and inflation steals from real returns. Capital will be slow to commit to the new global long wave spring season and it will get off to a much slower start than possible on the high road. Government picks winners and losers on the low road. That plan has not worked out so far, e.g. Solyndra, etc.

The map for the high road is real deficit reduction in the U.S. and in Europe, not just smaller increases, and aggressive pro-growth corporate tax reform; not endless talk, but action. On the high road, the decline of the business cycle will sharper and swifter than most expect. Required writedowns of bad debt investments, necessary government spending cuts and debt deleveraging will not come without pain. On the high road the decline of the business cycle will most likely be a sharp V shaped deflationary recession/depression into late 2012, and possibly mid-2013.

The chart below demonstrates this possible scenario using Market Cycle Dynamics software running with Metastock. The global economy and international markets are a complex system. The low road will not stop the cycles; it will only lengthen the cycles and lead the world inexorably toward chaos and a greater collapse. The high road will restore order and a global boom. A new long wave spring season of global prosperity is what the high road offers.

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On the high road, the global economy will make the turn and come roaring out of the V shaped deflation and debt liquidation and into a new long wave spring within 18 months. Hard work, risk taking and ability are what will pick the winners along the high road. The road we choose to travel will determine how and when this business cycle and long wave winter season ends. The road we take will make all the difference.’

The Worldwide Depression/Recession Of 2012 Jeff Harding Dec 09, 2011 ‘While we're seeing some positive numbers in the US, we're also seeing signs of weakness. And since we live in a world of international trade, the world's woes will hit us. (Read more: http://www.minyanville.com/businessmarkets/articles/eurozone-euro-eurozone-crisis-sovereign-debt/12/9/2011/id/38294#ixzz1g7Hfhu3K) ‘In case you haven’t noticed, the rest of the world continues to slow down and the negative data is accelerating. The big powerhouses of the world, the eurozone (including Germany), Japan, and China are leading this trend and there is no reason to believe that the U.S. will not follow.

I’ve been writing about this theme frequently lately because, while we are seeing some positive numbers here in the U.S., we are also seeing signs of weakness starting to show up, and since we live in a world of international trade, the world’s woes will hit us.

The first thing to note about this phenomenon is that the central banks of the world, including the Fed, have been doing all they can to support their economies with plentiful money. According to a recent Bloomberg article, “Central banks across five continents are undertaking the broadest reduction in borrowing costs since 2009 to avert a global economic slump stemming from Europe’s sovereign-debt turmoil.”

Monetary easing will push the average worldwide central bank interest rate, weighted for gross domestic product, to 1.79% by next June from 2.16% in September, the largest drop in two years, according to data and projections from JPMorgan, which tracks 31 central banks. The number of those banks loosening credit is the most since the third quarter of 2009, when 15 institutions cut rates, the data show.

The People’s Bank of China has raised its main interest rate three times this year to fight inflation. India’s central bank lifted rates on Oct. 25 by a quarter of a percentage point, while signaling it was nearing the end of its record cycle of increases as the economy cooled.

This is nothing new. Since the Crash of 2008, most central banks have been pumping fiat money into their economies.

The multiple EU sovereign insolvencies—you don’t need to default to be insolvent—are hitting eurozone credit hard, which is a trigger for deflation as money supply declines. Lenders are stuck with bad sovereign loans and there isn’t enough money to bail them all out, much less the PIIGS.

The thing to remember about the eurozone is that it’s not just sovereign insolvencies that is their problem. They became insolvent, yes because governments spent too much, but their economies are in the tank mainly for many of the same reasons the U.S. economy declined (money inflation boom, high debt/spending, housing market collapse triggering depression, high taxes and regulation, and various bailouts to prevent recovery). Until they fix the underlying causes, their banks will collapse and countries will default.

China’s economy relies on the West for its exports, and as a result:

Manufacturing production falls at fastest rate in three months; the lowest service sector growth since August;

Overall input costs fall for the first month since July 2010;

Service sector business optimism second-lowest in series history.

China’s frequent monetary stimulus, along with government real estate policies, keeps feeding their real estate boom-bust cycles.

Once you look at the data (below), you will see where we and the world are headed. 

While these economies are shrinking, demand for commodities, capital goods, and manufactured goods all decline. This is impacting commodity prices; they have been falling since this summer (mainly a supply-demand factor, not just a money deflation issue). Each country/zone will have a different reaction to all this. Most will continue to inflate (“print” money).

Money printing will have little impact on declining prices for the time being. Unless they panic. If they panic -- that is, massively pump money -- they will suffer from price inflation. China will have more booms and the eurozone will also stagnate as well. Japan will continue to go "Japanese," and depending on what the Fed does, it is likely we’ll go Japanese as well.

Here is what it looks like:

http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchDEC2011/Chart%201%20Markit-JPM-Global-Main-PMI-Regional%20Nov%202011.png
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http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchDEC2011/Chart%202%20KMPG_Market-Wordwide-Regional%20PMI%20Nov%202011.png
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http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchDEC2011/Chart%203%20Markit-HSBC-China-PMI-Germany%20Composite%20Nov%202011.png
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http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchDEC2011/Chart%204%20Markit-Eurozone-PMI-GDP-Input%20prices%20Nov%202011.png
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N.B. The word “depression” frightens a lot of people. It should. But, we are in one now. Our leaders just invented the word “recession” to take our minds off what’s really happening. Murray Rothbard in his book, America’s Great Depression noted that when the economy crashed again in 1937, Franklin D. Roosevelt and his advisers didn’t want to use the “D” word so they came up with “recession.” Until that time there were no “recessions.” Now a “recession” is just a mini-depression. Since we, in my opinion, have not yet recovered from the Crash of 2008, we are in a depression. Just ask the 25 million Americans who either don’t have a job, can’t find one, stopped looking, or are working part-time because they can’t find full-time work. Just ask the 24% of home owners whose homes are financially underwater.

Read more: http://www.minyanville.com/businessmarkets/articles/eurozone-euro-eurozone-crisis-sovereign-debt/12/9/2011/id/38294#ixzz1g7IPeEEi

MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [This brief video explains causal links (some even adding that they’re all jewish) between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global. [ It’s time for all people to know and understand how they, america and the rest of the world, have been done-in by fraudulent wall street greed / crime, u.s. government corruption, and media/u.s.government complicity by silence, coverup, and overt criminal acts to protect the perpetrators (the following 10 minute video is purposely simplistic enough for even the previously most gullible dupes to understand, including the insurmountable magnitude of the problem/fraud/crime requiring action and prosecutions. Yes, it is true ‘what a tangled web they’ve weaved, when in greed they’ve deceived, and fraudulently keep the money they’ve received, as all the respective nations of the world continue to bleed’!) ]; and, here’s: ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k (6 minutes-well worth it).

Articles from http://www.heraresearch.com/ :

How the U.S. Will Become a 3rd World Country (Part 1)

Globalization and Global Chaos

Into the Abyss: The Cycle of Debt Deflation

OTC Derivatives: Failed Banks or Failed Nations?

Bernanke's Dilemma: Hyperinflation and the U.S. Dollar

Madmen, Gamblers, Alcoholics, the U.S. Dollar and Gold

http://www.heraresearch.com/

Senate Passes Bill Allowing Indefinite Detention of Americans ... Considers Bill Authorizing More Torture George Washington : 11/29/2011 - 20:53 USA, USA, USA ... Number One in ... cough ... Fascism ... cough

SPX Update: Sell the Bounce Jason Haver Nov 29, 2011 ‘This bounce might not last long, and new lows are expected to follow.

Nouriel Roubini: Government Gridlock ‘Ensures’ 2012 Recession Daily Ticker - Nov 23, 2011 {Tell me something that’s not already begun and that I don’t know! Tell us something we don’t know! Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’, David Rosenberg: “It’s Time To Start Calling This For What It Is: A Modern Day Depression” Zero Hedge , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital Research) }

$707,568,901,000,000: How (And Why) Banks Increased Total Outstanding Derivatives By A Record $107 Trillion In 6 Months Durden on 11/26/11

DATA SUMMARY SHOWS THE US ECONOMY IS IN JEOPARDY [ Duh! Ya think? ] Jeff Harding Nov 23, 2011 http://www.minyanville.com/buzz/buzzalert/data-summary-shows-the-us/11/23/2011/id/146675?camp=syndication&medium=portals&from=yahoo ‘An overview of all the factors at play leads to one inevitable conclusion.

The Crossroad
The economy is at one of those crossroads where something is going to happen. Whether that will be a positive or a negative is often difficult to tell because at any time one of those “black swans” could land in our midst and change everything. Plans are fluid and and forecasting can be quixotic. That said, I believe we are at a critical point, and the US economy is heading for a fall.

To understand what “tomorrow” might be, we need to look at today and try to tie those threads together. Here is my analysis step by step, and you can decide if you agree with my conclusions.

Today
I have been looking at a lot of data reports in terms of an overall view of the economy. I apologize for all of the charts and data, but they offer some insight into trends.

Price Indices
Both the Producer Price Index and the Consumer Price Index have shown modest price increases, but may be trending negative. 

Producer Price Index: 

http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards1.png

http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards2.png

On a 12-month basis, finished goods have gone up 5.9%, intermediate goods up 8.3%, and crude goods up 12.6%. However, the recent trend is down, as the above chart shows.

Consumer Price Index:

Consumer prices declined 0.1%, and core (less energy and food) went up 0.1%. On a year-over-year basis, prices have increased 3.5%, but that is down from 3.9% the prior month, mainly due to energy costs.

http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards3.png

Industrial Production

Industrial production as measured by shipments showed a 0.7% gain in October, and the 12-month index was up 3.9%.

http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards4.png

Manufacturing

The important factory sector output was up 0.5% in October and up 4.1% for the 12 months. The only negative here, and it is a significant one, is that new orders are flat, but may not be declining:

http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards5.png

The more telling ISM Manufacturing Index shows some weakness:

http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards6.png

The capital goods sector has been showing strong growth:

http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards7.png

Business Sales

Business sales and inventories are also steady:

Businesses are carefully managing their inventories, keeping them lean as sales move incrementally forward. Business inventories are unchanged in the September report with sales up 0.6 percent [11.06% YoY], a combination that keeps the inventory-to-sales ratio at 1.27. This ratio has been pretty steady for the last two years after spiking as high as 1.49 during the recession when sales of course plunged.

But note that these numbers are nominal, not adjusted for inflation. 

Retail Sales

Retail sales and food services were up 0.5% for October, and 7.2% year over year. Again, these numbers are not adjusted for inflation. They are steady but have been flat (±) since August 2010.

http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards8.png

Wages and Earnings

Real wages continue to be weak. While real wages increased 0.3% in October, that was after a CPI adjustment ((earnings +0.2)+(CPI -0.1%)). On a year-over-year basis, real earnings are down 1.6%. “An unchanged average workweek combined with the decline in real average hourly earnings resulted in a 1.7 percent decrease in real average weekly earnings during the same period,” according to the Bureau of Labor Statistics.

Bank Credit

Bank credit conditions are still sluggish.

Consumer credit

Consumer credit increased at an annual rate of 1.5% in the third quarter. Revolving credit decreased at an annual rate of 3.25%, while nonrevolving credit increased 3.75%. In September consumer credit increased at an annual rate of 3.5%. Revolving credit is credit card debt; nonrevolving debt is mostly auto loans and student loans. Generally, consumer credit has been rather flat except for auto loans, which have been up and down, but mostly up:

http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards9.png

Business credit

What has changed is that commercial and industrial loans have grown, especially at small domestic banks. Look at the Fed’s H.8 commercial bank commercial and industrial (C&I) loans in 2011 (note: I modified this chart to fit):

http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards10.png

(Note that “Other consumer loans” are mostly auto loans. This consumer credit data is slightly different than the Fed’s G.19 data on consumer credit, above.)

What we see is that C&I loans took off starting in the first quarter of 2011. While the data for large domestic banks shows steady C&I loan growth since the fourth quarter of 2009, small domestic bank C&I lending shot up in the first quarter of 2011, from zero base to $20 billion:

http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards11.png

Even more surprising is that average loan size for small banks increased from about $100,000 to almost $650,000. One might conclude from this that the credit freeze is over and small banks are lending and small to medium business enterprises (SMEs) are borrowing, thus indicating a recovery.

What is happening?

The main reason for this sudden increase in loan activity is competition. Ever since Dodd-Frank, banks have been scrambling to figure out how to make more money, as many credit card and other account fees were prohibited in an attempt to protect consumers. One way to offset that loss is to gain more business customers, and there has been a scramble by both large and small banks for SME customers.

Small banks have the most to gain or lose in this competition because SMEs are their territory. So they are pursuing customers. Many also believe that there is a window of opportunity with favorable spreads and thus the timing is critical to expand business before that window closes. The initial beneficiaries seem to be the banks in the $5 billion to $10 billion asset range, which are classified as small banks. Keefe, Bruyette & Woods, an investment bank specializing in services to the banking sector said:

[Damon DelMonte, an analyst with KBW Inc.'s Keefe, Bruyette & Woods Inc.] said banks reporting loan growth are taking a bigger slice of the pie, but the pie isn’t getting much bigger. “We’re not of the belief that the demand for new loans is really ramping up,” he said. “It seems like it’s more of a shifting of market share. Smaller banks are going to benefit at the expense of larger banks.“

This was also confirmed by the Fed’s October 2011 Senior Loan Officer Opinion Survey on Bank Lending Practices, where they reported increased competition, but that loan demand was weak:

http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards12.png

I will explain the significance of this data further on.

International Trade

On the international scene, imports were actually down slightly, which was seen as a positive by most analysts (I see it as a negative):

The US trade deficit unexpectedly improved in September, but a significant part of it appears to have been related to flight to safety to gold during September’s weak financial markets. The September trade gap shrank to $43.1 billion from $44.9 billion in August. The latest shortfall was narrower than analysts’ expectations for a $46.3 billion deficit. Exports gained 1.4 percent after edging up 0.1 percent in August. Imports rose 0.3 percent in September, following a 0.2 percent decline the prior month.

Exports have been a substantial driver of the economy ($2.117 trillion):

http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards13.png

International Capital Flows

 The Treasury International Capital Report shows us that money continues to flow into the US seeking refuge mainly in Treasuries:

Volatility in international financial markets made for a second straight month of increasing inflow into long-term US securities, at $68.6 billion in September following August’s revised $58.0 billion. These follow inflows of only $9.1 billion and $4.1 billion in the two prior months. US investors, repatriating their funds, were small net sellers of foreign securities in September. But increasing demand for US securities is narrowly based into Treasuries in contrast to outflows for corporate bonds and especially US equities which is no surprise given the general move into safety and away from risk. Net outflows from equities were a very steep $19.2 billion in September following August’s $6.5 billion outflow.

Summary

Here is a summary of the above data:

#1. Industrial production (manufacturing and services) is continuing a flat to declining trend that has been going on since the second quarter of 2010. Manufacturing has shown recent growth, but it mirrors the negative to flat trend. Capital goods orders have improved, reflecting technological upgrades (which is also mirrored in software sales).

#2. Prices are starting to decline both at the producer and consumer level. Oil prices are likely to decline as worldwide economic activity slows. But, as we know, political shocks from producers can alter this forecast dramatically.

#3. Retail sales, adjusted for price inflation, continue to be flat to declining.

#4. Credit conditions are still tight at the consumer level, and business credit still suffers from lack of demand.

#5. Exports have been a primary driver of the economy and have rebounded substantially post-crash as a result of a devalued dollar.

#6. European economic problems have caused a significant influx of money into the US, and that has been parked in Treasuries.

Here is a summary of other data I feel is important and that I have recently discussed:

#1. Unemployment is high. At 9% there are 13.9 million unemployed, while the broader measure of unemployed (U-6) is 25 million. While unemployment has been dropping at a snail’s pace, jobs are not being created at a sufficient rate to substantially reduce unemployment. New jobless claims have been hovering around the 400,000 per week for the entire year.

#2. Real disposable income is falling.

#3. Personal savings have fallen from a post-crash high of 5.8% in June 2010 to 3.6% as of September 2011 because consumers are using savings to fund consumption.

#4. GDP is static rather than growing, and the latest third-quarter boost will likely not continue. It is likely that the third-quarter report will be revised downward.

#5. Auto sales are related to pent-up demand and are not likely to be sustained.

#6. The top 5% of earners account for 37% of all consumer spending, and it is they who are supporting consumer spending. I call this a “bifurcated economy.” There is no broad-based consumer spending rally.

#7. Household debt ($13.9 trillion) is still historically very high and has not been substantially reduced.

#8. U.S. sovereign debt is 100% of GDP ($15 trillion and growing).

#9. All government spending (federal, state, and local) constitutes 45.6% of GDP.

#10. The euro crisis will have a substantial impact on the rest of the world, including the US. That is difficult to predict, but we’ll know very soon. According to recent data, the world is heading into recession in almost all economies.

#11. The federal government is currently running a $1.3 trillion annual deficit. 

#12. Unfunded liabilities for Social Security, Medicare, and prescription drug (Part D) are $116.4 trillion and growing. This does not include the pending problem with student loans (Sallie Mae) or obligations to government-sponsored enterprises.

#13. The MF Global (MFGLQ.PK) problem is indicative of a declining economy. It is likely that in a growing economy, MF Global would have been able to ride out its crisis. In a declining economy, company weaknesses tend to be revealed, as with Lehman. That creates market uncertainty.

#14. Oil prices have risen from $40 a barrel post-crash to $110 a barrel in April 2011, and presently are at $97 a barrel. Such oil price increases are associated with and often presage recessions.

#15. Bank balance sheets are still weak because they do not book asset values at market, they seem to not properly book troubled loans, and they are encumbered by a substantial amount of malinvested assets that have not been liquidated.

#16. 47 million Americans (15%) are on food stamps; 48.5% of the population lived in a household that received some type of government aid in the first quarter of 2010.

#17. Americans are pessimistic about their future and the future of America, according to almost all recent polls.

#18. An angry and disaffected population in America is potentially politically dangerous. 

What is important when looking at the data is to spot trends rather than specific numbers. I have what I believe is a healthy skepticism about the reports from the multitude of federal agencies that I follow on a regular basis. They are often revised and probably understate the negatives. That is especially so with price inflation. Many of the reports are in nominal numbers rather than adjusted for official price inflation. If they are adjusted for inflation (chained), their baseline is a recent year. Many analysts put great emphasis on specific numbers, but quantifiable data is ephemeral and probably “gamed.” Look at the trend.

Reminder: This is part one of a two-part series. The second half will be published on Minyanville on Friday, November 25.’

Problem With Germany And China: Who Bails Out The Bailers? Forbes / Addison Wiggin [ Another downgrade of U.S. sovereign debt is a “certainty,” he adds. “It’s only a matter of when.” ]

25 Bitter And Painful Facts About The Coming Baby Boomer Retirement Crisis That Will Blow Your Mind The Economic Collapse | For decades we were warned that when the Baby Boomers started to retire that this country would be facing a retirement crisis of unprecedented magnitude. The Economic Collapse November 23, 2011

‘For decades we were warned that when the Baby Boomers started to retire that this country would be facing a retirement crisis of unprecedented magnitude.  Well, that day has arrived ladies and gentlemen.  Back on January 1st, the Baby Boomers began to retire and more than 10,000 of them will be retiring every single day for years to come.  Most of them have not saved up nearly enough money for retirement.  At the same time, private sector pension plans are failing all over the place, hundreds of state and local government pension plans from coast to coast are woefully underfunded, and the Social Security system is on the road to complete and total disaster.  A massive wave of humanity is hitting retirement age at a moment in history when the U.S. economy is coming apart at the seams.  We do not have the resources to keep the promises that we made to the Baby Boomers, and most of them have not made adequate preparations for retirement.  What we have is a gigantic mess on our hands, and millions of Baby Boomers are going to find retirement to be very bitter and very painful.

A lot of younger Americans just assume that Social Security is enough to take care of the needs of elderly Americans.  But that is just not the case.

Have you ever tried to live solely on a Social Security check?

It is not easy.  The truth is that those checks are just not that large.

The following comes directly from the Social Security Administration….

The average monthly Social Security benefit for a retired worker was about $1,177 at the beginning of 2011.

Could you live on less than 300 dollars a week?

And keep in mind that the $1,177 monthly figure is just an average.  Many receive a lot less than that.

In addition, Social Security benefits have been seriously squeezed by inflation in recent years.  The cost of food and other basics has risen briskly and Social Security benefits have not.

Today, many elderly Americans have to make a choice between buying food, heating their homes or buying medicine that they need.  They simply do not have enough money to do all of them.

It would have been nice if all of the Baby Boomers had been busy saving money for retirement all these years, but that just did not happen.  In fact, the Baby Boomers as a group are trillions of dollars short of what they need for retirement.

So why doesn’t the U.S. government step in to help them out?

Well, the reality of the situation is that the U.S. government is flat broke.  The federal government is now over 15 trillion dollars in debt.  During the Obama administration so far, the U.S. government has accumulated more new debt than it did from the time that George Washington took office to the time that Bill Clinton took office.

Lawmakers are already looking at ways to make the Social Security program less costly.  No, the federal government is not going to be riding to the rescue.

In fact, it will be a minor miracle if the Social Security program is able to survive until the end of this decade, and it will be a major miracle if the Social Security program is able to survive until 2030.

As for myself, I do not believe that I will ever see a single penny from Social Security, and many other working age Americans feel the same way.

Retirement is supposed to be a fun time, but sadly most Americans that are approaching retirement age are not going to have any “golden years” to look forward to.

Rather, millions of elderly Americans are going to find the years ahead absolutely agonizing as they struggle just to survive.

The following are 25 bitter and painful facts about the coming Baby Boomer retirement crisis that will blow your mind….

#1 According to the Employee Benefit Research Institute, 46 percent of all American workers have less than $10,000 saved for retirement, and 29 percent of all American workers have less than $1,000 saved for retirement.

#2 According to a recent poll conducted by Americans for Secure Retirement,88 percent of all Americans are worried about “maintaining a comfortable standard of living in retirement”.  Last year, that figure was at 73 percent.

#3 A study conducted by Boston College’s Center for Retirement Research has found that American workers are $6.6 trillion short of what they need to retire comfortably.

#4 Today, one out of every six elderly Americans lives below the federal poverty line.

#5 On January 1st, 2011 the very first Baby Boomers started to retire.  For almost the next 20 years, more than 10,000 Baby Boomers will be retiring every single day.

#6 At the moment, only about 13 percent of all Americans are 65 years of age or older.  By 2030, that number will soar to 18 percent.

#7 Right now, there are somewhere around 40 million senior citizens.  By 2050 that number is projected to increase to 89 million.

#8 Back in 1991, half of all American workers planned to retire before they reached the age of 65.  Today, that number has declined to 23 percent.

#9 According to one recent survey, 74 percent of American workers expect to continue working once they are “retired”.

#10 According to a recent AARP survey of Baby Boomers, 40 percent of themplan to work “until they drop”.

#11 A poll conducted by CESI Debt Solutions found that 56 percent of American retirees still had outstanding debts when they retired.

#12 A study by a law professor at the University of Michigan found that Americans that are 55 years of age or older now account for 20 percent of all bankruptcies in the United States.  Back in 2001, they only accounted for 12 percent of all bankruptcies.

#13 Between 1991 and 2007 the number of Americans between the ages of 65 and 74 that filed for bankruptcy rose by a staggering 178 percent.

#14 What is causing most of these bankruptcies among the elderly?  The number one cause is medical bills.  According to a report published in The American Journal of Medicine, medical bills are a major factor in more than 60 percent of the personal bankruptcies in the United States.  Of those bankruptcies that were caused by medical bills, approximately 75 percent of them involved individuals that actually did have health insurance.

#15 Public retirement funds all over the United States are woefully underfunded.  For example, it has been reported that the $33.7 billion Illinois Teachers Retirement System is 61% underfunded and is on the verge of complete collapse.

#16 Most U.S. states have huge pension obligations which threaten to bankrupt them.  For example, pension consultant Girard Miller told California’s Little Hoover Commission that state and local government bodies in the state of California have $325 billion in combined unfunded pension liabilities.  When you break that down, it comes to $22,000 for every single working adult in the state of California.

#17 Robert Novy-Marx of the University of Chicago and Joshua D. Rauh of Northwestern’s Kellogg School of Management have calculated the combined pension liability for all 50 U.S. states.  What they found was that the 50 states are collectively facing $5.17 trillion in pension obligations, but they only have $1.94 trillion set aside in state pension funds.  That is a difference of 3.2 trillion dollars.  So where in the world is all of that extra money going to come from?

#18 According to the Congressional Budget Office, the Social Security systempaid out more in benefits than it received in payroll taxes in 2010.  That was not supposed to happen until at least 2016.  Sadly, in the years ahead these “Social Security deficits” are scheduled to become absolutely nightmarish as hordes of Baby Boomers retire.

#19 In 1950, each retiree’s Social Security benefit was paid for by 16U.S. workers.  According to new data from the U.S. Bureau of Labor Statistics, there are now only 1.75 full-time private sector workers for each person that is receiving Social Security benefits in the United States.

#20 The U.S. government now says that the Medicare trust fund will run outfive years faster than they were projecting just last year.

#21 The total cost of just three federal government programs – the Department of Defense, Social Security and Medicare – exceeded the total amount of taxes brought in during fiscal 2010 by 10 billion dollars.  In the years ahead expenses related to Social Security and Medicare are projected to skyrocket dramatically.

#22 The Pension Benefit Guaranty Corporation is the agency of the federal government that pays monthly retirement benefits to hundreds of thousands of retirees that were covered under defined benefit pension plans that failed.  The retirement crisis has barely even begun and the PBGC is already dead broke.  The PBGC says that it ran a deficit of $26 billion during the fiscal year that just ended and that it will probably need a huge bailout from the federal government.

#23 According to a survey by careerbuilder.com, 36 percent of all Americans say that they don’t contribute anything at all to retirement savings.

#24 More than 30 percent of all investors in the United States that are currently in their sixties have more than 80 percent of their 401k plans invested in equities.  So what is going to happen to them if the stock market crashes?

#25 A survey taken earlier this year found that 20 percent of all U.S. workers admitted that they had postponed their planned retirement age at least once during the last 12 months.  Back in 2008, that number was only at 14 percent.

Our politicians should have addressed the retirement crisis decades ago before we got to the point of being in debt up to our eyeballs.

It is being projected that the U.S. national debt will hit 344% of GDP by the year 2050, and the Congressional Budget Office says that U.S. government debt held by the public will reach a staggering 716% of GDP by the year 2080.

Obviously those figures will never be reached because our financial system would totally collapse long before then.

So what do we do?

We have tens of millions of elderly Americans that are completely and totally dependent on Social Security and Medicare, but those programs also threaten to bankrupt us as a nation.

Anyone that believes that there is a “quick fix” to these issues is being naive.

The “supercommittee” was supposed to address this problem, but they failed so spectacularly that they have become a national joke.

Sadly, most of our politicians just keep kicking the can down the road.  They hope that somehow things will just magically “work out”.

Well, the truth is that things are not going to “work out”.  The poverty level among the elderly is going to continue to increase.  Pension plans all over this nation are going to continue to fail in staggering numbers.  Social Security and Medicare are going to bleed more red ink with each passing year.

Something should have been done about this problem a long, long time ago.

But it wasn’t.

This crisis was ignored, dealing with it was put off time after time and all the doomsayers were laughed at.

Now the crisis is here, and we are all going to pay the price.’

Presenting Russell Napier's Greatest Hits Durden on 11/20/2011 Two weeks ago, courtesy of Gresham's Law, we brought to our readers Jim Grant's greatest hits: a compilation of the most memorable TV appearances by the famous newsletter writer. Today, we are happy to present another controversial luminary - Russell Napier: the renowned financial historian and consultant for CLSA, as well as author of the engrossing Anatomy of the Bear, who only together with Albert Edwards, has predicted that the S&P would eventually drop to 400. Napier has articulated some fantastic insights on the generational cycle, bear market bottoms and currencies in recent years. His insights, unlike those of TV pundits whose soundbites are only there to fill the gap between two ad segments, are always something to look forward to.

Something Big Is Coming... and It's Going to Be BAD Phoenix Capital... 11/18/2011 We have been getting MAJOR warning signs of a collapse for months now. No less than the Bank of England, the IMF, and legendary asset management firm Franklin Templeton have warned that we are...

One Interesting Thing About the Leading Indicators Report The Wall Street Journal (Fri, Nov 18) { How about the most interesting thing about ‘leading economic indicators’ from mooshy mish shedlock is the weighting accorded M2 and stock prices [who seems to have forgotten his own ‘unequivocal declaration’ ( Global Recession: Right Here, Right Now at Minyanville  Mike Shedlock Sep 02, 2011 ) which by the way was correct –almost, actually a depression- and now equivocates saying ‘I would agree that a slip back into recession in the 4th quarter is unlikely, assuming of course it is even possible. Bear in mind, we have not had an official end of this recession declared yet.’ I believe mish mosh shedlock is a lightweight (link to ‘huffington post’? What’s up with that?) but he does include the following excerpt from Chris Puplava which is important, infra (Burt Domen and David Rosenberg are the ‘real deal’ - Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’, David Rosenberg: “It’s Time To Start Calling This For What It Is: A Modern Day Depression” Zero Hedge , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital Research) :

‘Chris Puplava took a good hard look at the LEI in Fool Me Once, Shame on You. Fool Me Twice, Shame on Me.

One of the things that many market commentators and research houses have pointed at to support their bullish outlook on the stock market are the leading economic indicators. I have had the sneaky suspicion that the aggressive and unprecedented actions on the part of the Fed have played a significant role in the LEI given a misleading signal as to an economic turnaround it is forecasting, while the economic components would likely paint a different picture. It is important to understand the makeup of the Conference Board’s Leading Economic Index (LEI) and the weights that each component makes up of the LEI. Below is the breakdown of the ten indicators that make up the LEI and their respective weights in the index. As seen below, the three financial indicators make up approximately 50% of the LEI while the seven economic components make up the other 50%, with the M2 money supply alone making up 35.8% of the total LEI. Money makes the world go round, I guess, according to the LEI.

http://1.bp.blogspot.com/_nSTO-vZpSgc/Ss2QhpYTrCI/AAAAAAAAHBw/aXOmraxEhEc/s400/LEI+components.png

Shown below are the YOY rate of change growth rates in the Conference Board’s LEI and my indexes of the economic and monetary components separated out. What is a clear take away is that the monetary LEI is doing the heavy lifting as the economic LEI remains in negative territory.

What you can also see is that beginning in the 1980s the growth rate between the monetary and economic LEI began to show a greater disparity in their growth rates than they did in the 1970s. What this would tend to imply is that a greater level of monetary stimulus measures were needed to translate into improved economic growth rates. This aligns with the second chart below that shows the dollar increase in debt per dollar increase in GDP, which shows higher amounts of debt were needed to produce a dollar of GDP, and we are fast approaching the “Zero Hour” in which rising debt does not translate into increased economic growth, or the “pay the piper” moment for our economy.


http://4.bp.blogspot.com/_nSTO-vZpSgc/Ss2R7PXY8qI/AAAAAAAAHB4/vCLw0ub9wzY/s400/LEI-YY-%25change.png

Zero Hour - Debt Fails To Add To GDP

http://4.bp.blogspot.com/_nSTO-vZpSgc/Ss2SVk6uicI/AAAAAAAAHCA/b69hK64Ycto/s400/Zero+Hour.png

Further illustrating the notion that it is taking record stimulus just to keep growth going is the YOY growth rate difference between the Monetary LEI and the Economic LEI, with the disparity between the two growth rates at the highest level in the last half century.

http://2.bp.blogspot.com/_nSTO-vZpSgc/Ss2S_Aqy0rI/AAAAAAAAHCI/KZv4Rc8hAR0/s400/LEI-YY-%25change2.png

The above charts simply illustrate that our economy is fundamentally weak and instead of allowing our economy to sober up after its debt binge, our monetary and governmental authorities are trying to keep the economy drunk and chugging along, using greater amounts of monetary alcohol than ever before…’

Something Big Is Coming... and It's Going to Be BAD Phoenix Capital... 11/18/2011 ‘We have been getting MAJOR warning signs of a collapse for months now. No less than the Bank of England, the IMF, and legendary asset management firm Franklin Templeton have warned that we are... Something major is occuring in the markets today.The US economy peaked in 2007. However, throughout much of 2008, the stock market continued to rally despite the economic collapse as well as the financial system imploding.Throughout this period the credit markets jammed up and implied something VERY BAD was in the system. However, stock investors continued to pile into stocks because, well, frankly stocks always are the last to "get it."And when stocks finally did get it... it was quite a thing.This same environment is occurring today. Only this time the collapse is sovereign in nature: entire countries are going bust.We have been getting MAJOR warning signs of a collapse for months now. No less than the Bank of England, the IMF, and legendary asset management firm Franklin Templeton have warned that we are facing an epic, hellish crisis.We got the first taste of this in August when the S&P 500 literally wiped out a year's worth of gains in two weeks The only thing that brought us back from the brink at that time was the belief that the EU mess might be solvable and a coordinated intervention from the world Central Banks.We then had a spirited rally as the Fed and central banks went "all in" to force the stock market above its 200-DMA.This final "hurrah" has failed and the financial system is literally imploding. The EU will be broken up in the next month or so and it is highly likely Germany will back out of the Euro altogether.Moreover, the world central banks are now totally out of ammunition. They've spent Trillions of Dollars in bailouts, abandoned accounting standards, and even moved TRILLIONs in garbage debt onto the public's balance sheet.None of this has worked. The credit markets are jammed up just like in 2008. Italy, the third largest bond market in the world, is on the verge of default. No one wants to fund the EFSF. China is entering a hard landing and economic collapse. The US is in a clear depression.And on and on.This is the single most dangerous market environment of our lifetimes.  We are entering a period of massive wealth destruction. We will see bank holidays and civil unrest. We will see sovereign defaults. We will see temporary shortages in various goods and services.So if you have not already taken steps to prepare for systemic failure, you NEED to do so NOW. We're literally at most a few months, and very likely just a few weeks from Europe's banks imploding…’

Train Reading: Does Water Prevent Dehydration? The EU Says No. The Wall Street Journal [ Wow! Talk about things that don’t matter! Yeah … like pervasively corrupt, defacto bankrupt america, the eu’s lost its shine … maybe, employing an american strategy, they were just try to sell more of their ‘gatorade knockoff’! ]

The next financial crisis will be hellish, and it’s on its way Nov 17th, 2011 (Forbes) —‘ “There is definitely going to be another financial crisis around the corner,” says hedge fund legend Mark Mobius, “because we haven’t solved any of the things that caused the previous crisis.”We’re raising our alert status for the next financial crisis. We already raised it last week after spreads on U.S. credit default swaps started blowing out. We raised it again after seeing the remarks of Mr. Mobius, chief of the $50 billion emerging markets desk at Templeton Asset Management…”Prior to the bursting of the credit bubble, the public was shocked to learn that our biggest investment banks were levered 30-to-1. When asset values fell, those banks were quickly wiped out. But now the Fed is holding many of the same types of assets and is levered 51-to-1! If the value of their portfolio were to fall by just 2%, the Fed itself would be wiped out.”[source]’

The next financial crisis will be hellish, and it’s on its way http://news.yahoo.com/next-financial-crisis-hellish-way-204303737.html Addison Wiggin | Forbes – Wed, Nov 16, 2011’ "There is definitely going to be another financial crisis around the corner," says hedge fund legend Mark Mobius, "because we haven't solved any of the things that caused the previous crisis."

We're raising our alert status for the next financial crisis. We already raised it last week after spreads on U.S. credit default swaps started blowing out.  We raised it again after seeing the remarks of Mr. Mobius, chief of the $50 billion emerging markets desk at Templeton Asset Management.

Speaking in Tokyo, he pointed to derivatives, the financial hairball of futures, options, and swaps in which nearly all the world's major banks are tangled up.

Estimates on the amount of derivatives out there worldwide vary. An oft-heard estimate is $600 trillion. That squares with Mobius' guess of 10 times the world's annual GDP. "Are the derivatives regulated?" asks Mobius. "No. Are you still getting growth in derivatives? Yes."

In other words, something along the lines of securitized mortgages is lurking out there, ready to trigger another crisis as in 2007-08.

What could it be? We'll offer up a good guess, one the market is discounting.

Seldom does a stock index rise so much, for so little reason, as the Dow did on the open Tuesday morning: 115 Dow points on a rumor that Greece is going to get a second bailout.

Let's step back for a moment: The Greek crisis is first and foremost about the German and French banks that were foolish enough to lend money to Greece in the first place. What sort of derivative contracts tied to Greek debt are they sitting on? What worldwide mayhem would ensue if Greece didn't pay back 100 centimes on the euro?

That's a rhetorical question, since the balance sheets of European banks are even more opaque than American ones. Whatever the actual answer, it's scary enough that the European Central Bank has refused to entertain any talk about the holders of Greek sovereign debt taking a haircut, even in the form of Greece stretching out its payments.

That was the preferred solution among German leaders. But it seems the ECB is about to get its way. Greece will likely get another bailout — 30 billion euros on top of the 110 billion euro bailout it got a year ago.

It will accomplish nothing. Going deeper into hock is never a good way to get out of debt. And at some point, this exercise in kicking the can has to stop. When it does, you get your next financial crisis.

And what of the derivatives sitting on the balance sheet of the Federal Reserve? Here's another factor behind our heightened state of alert.

"Through quantitative easing efforts alone," says Euro Pacific Capital's Michael Pento, "Ben Bernanke has added $1.8 trillion of longer-term GSE debt and mortgage-backed securities (MBS)."

Think about that for a moment. The Fed's entire balance sheet totaled around $800 billion before the 2008 crash, nearly all of it Treasuries. Now the Fed holds more than double that amount in mortgage derivatives alone, junk that the banks needed to clear off their own balance sheets.

"As the size of the Fed's balance sheet ballooned," continues Mr. Pento, "the dollar amount of capital held at the Fed has remained fairly constant. Today, the Fed has $52.5 billion of capital backing a $2.7 trillion balance sheet.

"Prior to the bursting of the credit bubble, the public was shocked to learn that our biggest investment banks were levered 30-to-1. When asset values fell, those banks were quickly wiped out. But now the Fed is holding many of the same types of assets and is levered 51-to-1! If the value of their portfolio were to fall by just 2%, the Fed itself would be wiped out."

Mr. Pento's and Mr. Mobius' views line up with our own, which we laid out during interviews on our trip to China this month.

An Eye on the Next Financial Crisis by Addison Wiggin originally appeared in the Daily Reckoning.’

Tighter Credit Suggests Stocks Should Fall The Wall Street Journal ‘All in all, the US stock-market selloff of the past couple of days has not been nearly as bad as it could have been, given that credit-market stress indicators are pushing to levels not seen since the 2008-09 crisis.

It might only be a matter of time before stocks catch up, however.

The US market has been buoyed by a string of better-than-expected economic reports that have helped encourage the belief that the US is a relatively safe haven, insulated from the problems of Europe.

But these data are coincident, or lagging, data at best, warns Mike Darda of MKM Partners. Leading indicators are found in the credit markets and are pointing to tighter financial conditions — and lower stock prices — in the future:

Pressures on sovereign debt markets in Europe have created concerns about collateral and capital in the European banking system, pushing funding spreads sharply wider (two-year euro interest rate swap spreads hit 114 bps today, a new 2011 high and not far from the October 2008 peak of 126 bps).

These pressures are also affecting the U.S. financial system and credit markets. Two-year interest rate swap spreads in the U.S. have hit new 2011 highs above 50 bps;  three-month FRA/OIS spreads (based on expectations of LIBOR settings)  hit 70 bps today. Three-month dollar LIBOR has set higher every day since late July.

Although U.S. credit markets are not nearly in the condition that European credit markets are, they are nonetheless deteriorating, which is one reason we should not take too much comfort in recent coincident data on sales and production that have yet to reflect the tighter financial conditions now in place.

U.S. short-term funding indicators suggest corporate-quality spreads could rise by more than 40%, a move that would likely spark at least a 10%-15% decline in the S&P 500 from current levels. FRA/OIS spreads tend to lead corporate spreads by about one month. They also have led the S&P 500 equity index by about that interval over most of the last two years. At current levels (near 70 bps), the FRA/OIS spreads suggest corporate spreads will widen by  40-50%. This would be tantamount to Baa/Aaa spreads rising to 190 bps from 127 bps, which would mark new highs for the year.

A similar surge in high yield spreads from here would place them at  669 bps, also new highs for the year. The S&P 500 equity index, which tends to move inversely to the level of credit spreads, would most likely decline by at least 10%-15%  if this scenario unfolds,  which would place the S&P 500 back below 1100.

As for the recent patch of stronger-than-expected economic data, let’s not forget that real GDP expanded by 3.6% in Q207 and then by 3% in Q307, right as the business cycle peaked. Credit markets and financial conditions  lead the business cycle; coincident data tell us where we are or have been. At turning points, coincident data—which tend to be extrapolated forward by Wall Street forecasters—can be misleading. And costly.’

The Chart That Trumps Analysts Call for a Year-End Rally Simon Maierhofer | ETFguide

Train Reading: Tiger Woods Vs. Bill Miller The Wall Street Journal

What do Tiger Woods and Bill Miller have in common? — Abnormal Returns { So absolutely preposterous is the notion (as per this article) of comparison of golf / golfers, to stock trading / traders, I felt compelled to comment here for the record. I’ve always viewed golf / golfers in a favorable light. Indeed, as kids we literally ‘did everything’ at the affluent ‘Arcola Country Club’ [which bordered the ‘Rainbows End’ riding stables (horses) for hire to the public]. From hunting, to fishing, to sleigh-riding, to ice-skating / hockey, to campfires on the ice at night, to of course, golfing ‘the back-nine’ with golf balls amply supplied from ‘the rough’, we were ‘tacitly approved’ interlopers whose occasional interaction with the extremely civilized affluent members was always amicably cordial and a pleasure. While I always liked golf and admire the skill involved, I hardly considered it a ‘sport’ per se (and for me and my body type, insufficient exercise for the amount of time spent). Rather, I thought of golf as a gentleman’s indulgent diversion, and the golf course itself a place of peaceable beauty. Those are good things. On the other hand, traders and wall street particularly are so sordid and despicable so as to make any such comparisons a stretch at best and sheer nonsense at worse. There are very few successful traders over time as probabilities eventually catch up. Moreover, ‘inside help’ / connections eventually (except for the biggest frauds – ie., the big [ still unprosecuted ] boys, ie., goldmans, et als) dry up, fade away like old (mafia foot) soldiers. Additionally, the high volume computerization / programmed / manipulated High Frequency Trading have left most not connected to said churn-and-earn scam / fraud in the dust. No … do not insult golfers by comparing them with traders; and, do not disparage golf by speciously comparing it to trading or any other sordid activity connected to fraudulent wall street; they are as dissimilar as ‘day and night’. }

What do financial stocks and Russian roulette have in common? — Reformed Broker

The Super Committee’s worst-case scenario — The Atlantic

Should some bankers be prosecuted? — New York Review of Books

Learning to love a lost decade — FT Alphaville

ADP chief’s exit followed SC arrest — Footnoted

Live updates of Occupy Wall Street today, with videos, photos — The Atlantic, New York Times

The markets are getting nothing for Christmas — Market Anthropology

The ECB’s monetary policy game for the iPhone is suitably policy constricted — Reuters

Large Hadron Collider may have found crack in modern physics — Wired

Stocks sink after Fitch warns on US bank exposure AP

Citi Economist Warns of Imminent Spanish, Italian Default The Wall Street Journal (11-16-11)

Euro-Dollar Basis Swap Cost at 2008 Crisis Levels The Wall Street Journal

Financials Drag Market Lower, Fitch Raises Doubts About Euro Hedge Effectiveness The Wall Street Journal Gongloff (11-16-11)

Stocks Making Risky Bet on Massive ECB Money Printing The Wall Street Journal

$15,OOO,OOO,OOO,OOOBAMA! - It's Official: Total US Debt Passes $15 Trillion by Durden on 11/16/2011
DEBT CLOCKS: U.S. - http://usdebtclock.org World - http://usdebtclock.org/world-debt-clock.html

Bob Chapman: Surviving The Banker Sociopaths The Alex Jones Channel | Alex talks with regular Friday guest Bob Chapman of the International Forecaster.

Ignore The Noise Of High Frequency Trading Forbes Ken Kamen [ Unfortunately, though not a perfect analogy, that’s like having said, ignore dillinger, sutton, etc., because the banks will still be open the next day (after their robberies). The problem is that ‘money’ siphoned off by the ‘churn-and-earn’ has to come from some place; viz., ie., main street, tax payers, etc.. Dave’s Daily http://www.etfdigest.com ‘Perhaps this is now the “no news is good news” market since a rally on Berlusconi’s resignation is beyond irrational. But, we’re long so I shouldn’t complain too much even though emotionally there isn’t much to like overall. The only bullish thing is the action of the tape and this is the season when bulls can make their year. Speaking of HFTs and algos, HFT issues are thoroughly covered with HFT Alert founder Steve Hammer and myself in the video interview below. The presentation contains two parts: the first outlines HFT basics—how they work and their controversial impact on financial markets. The second part we discuss how traders can benefit or make money by using HFT Alert’s unique trading services. http://www.youtube.com/watch?feature=player_embedded&v=NzfmT4vGXZY [ ‘Off to the golf course’, indeed. Those are Mr. Hammer’s concluding remarks. Not because he’s a trader, but because he’s selling this ‘very functional in terms of what’s going on’ package. The truth is that even today, at lightning speeds, there are very few successful traders (as distinguished from investors, and there is a huge distinction, though much less so today)(over the longer term and is akin to the apposite old adage, ‘you can win a race but you can’t win at the races’). Indeed, some companies / brokerages employ them just for the volume / commissions they produce. Most telling, in this video, is the beginning wherein it’s explained that in literally a second(s), mere quotes can give rise to revenue (as with commissions, pieces of the action) which has to come from someplace. The problem is that ultimately, this ‘churn-and-action’ computer programmed action at ‘lightning speed’ is parasitic inasmuch as it is without any economic utility whatsoever in real economic terms as are commissions in ‘after-market stock trading’ (as distinguished from initial ipo’s) that are tantamount to a tax on the real economy; hence, the benefit to the frauds on wall street at the expense of and to the detriment of main street, taxpayers, and the populace in general, as we’ve seen and continue to see. ‘Remember, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone else’s expense including main street. They’re just not that important and represent, like termites eating away at the nation’s foundation, a drag on the economy, the nation as one would expect from parasites such as they are’. What to Expect Next From the Markets Minyanville  Jeffrey Cooper ‘Conclusion: It looks like a program was run using the least amount of dollars to goose the indices by focusing on some big cap names like Apple, Amazon, Baidu, IBM, and Caterpillar { Dave’s Daily:’.. The HAL 9000s have been doing business as HFTs (High Frequency Traders) launching many buy or sell programs using complex algorithms which can drive prices on indexes higher or lower in dramatic fashion. One of their great acts is called "quote stuffing". It's another illegal activity which the SEC hasn't quite figured out. It's as futile for them as the illegal fee-driven recent end-of-quarter price jam-job..’} Then there’s the fed complicity in these various wall street scams by way of QE’s / dollar debasement which of course benefits the frauds on wall street to the detriment of literally everyone else. ]So, as indicated stock prices shot higher on the Berlusconi news. Gold prices saw some profit-taking, the dollar was weaker, commodities stronger and bonds weaker.Volume was on the light side and breadth per the WSJ was quite positive…’ ]

This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital Research on 11/09/2011 [ Mr. Summers is quite right! That’s reality! ]To put US household debt levels into a historical perspective, in order for US households to return to their long-term average for leverage ratios and their historic relationship to GDP growth we’d need to write off between $4-4.5 TRILLION in household debt (an amount equal to about 30% of total household debt outstanding).

David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise EndingDurden on 11/11/11

Do Valuation Metrics Still Apply or Has The Market Become Untradable? Simon Maierhofer Etf Guide [ Short answers: No and yes the market has become ‘untradable’ for investors. I would add that the ‘debased dollar policies’ (ie., QE’s, overprinting of paper currencies / dollars, etc.) enable sales / revenues to be booked with ‘more’ of the inflated dollars relative to costs booked at the ‘fewer / greater value’ dollars which spikes earnings but leads to the inevitable margin erosion when the reported costs ‘catch up’ in terms of inflated ‘Weimar’ dollars. Hence, even the averages when deflated for real inflation (see Faisal infra) show a far less sanguine picture (than say, hard assets, ie., gold, etc.). Even more important is the effect of the HFT programmed trades (the current article follows):…

Hit With Big Withdrawals, Fed Sells Assets, Borrows Cash ilene : 11/06/2011 - 17:13 We'll have to see what hits the fan this week.

Dave’s Daily http://www.etfdigest.com ‘Perhaps this is now the “no news is good news” market since a rally on Berlusconi’s resignation is beyond irrational. But, we’re long so I shouldn’t complain too much even though emotionally there isn’t much to like overall. The only bullish thing is the action of the tape and this is the season when bulls can make their year. Speaking of HFTs and algos, HFT issues are thoroughly covered with HFT Alert founder Steve Hammer and myself in the video interview below. The presentation contains two parts: the first outlines HFT basics—how they work and their controversial impact on financial markets. The second part we discuss how traders can benefit or make money by using HFT Alert’s unique trading services.

http://www.youtube.com/watch?feature=player_embedded&v=NzfmT4vGXZY

[ ‘Off to the golf course’, indeed. Those are Mr. Hammer’s concluding remarks. Not because he’s a trader, but because he’s selling this ‘very functional in terms of what’s going on’ package. The truth is that even today, at lightning speeds, there are very few successful traders (as distinguished from investors, and there is a huge distinction, though much less so today)(over the longer term and is akin to the apposite old adage, ‘you can win a race but you can’t win at the races’). Indeed, some companies / brokerages employ them just for the volume / commissions they produce. Most telling, in this video, is the beginning wherein it’s explained that in literally a second(s), mere quotes can give rise to revenue (as with commissions, pieces of the action) which has to come from someplace. The problem is that ultimately, this ‘churn-and-action’ computer programmed action at ‘lightning speed’ is parasitic inasmuch as it is without any economic utility whatsoever in real economic terms as are commissions in ‘after-market stock trading’ (as distinguished from initial ipo’s) that are tantamount to a tax on the real economy; hence, the benefit to the frauds on wall street at the expense of and to the detriment of main street, taxpayers, and the populace in general, as we’ve seen and continue to see. ‘Remember, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone else’s expense including main street. They’re just not that important and represent, like termites eating away at the nation’s foundation, a drag on the economy, the nation as one would expect from parasites such as they are’. What to Expect Next From the Markets Minyanville  Jeffrey Cooper ‘Conclusion: It looks like a program was run using the least amount of dollars to goose the indices by focusing on some big cap names like Apple, Amazon, Baidu, IBM, and Caterpillar { Dave’s Daily:’.. The HAL 9000s have been doing business as HFTs (High Frequency Traders) launching many buy or sell programs using complex algorithms which can drive prices on indexes higher or lower in dramatic fashion. One of their great acts is called "quote stuffing". It's another illegal activity which the SEC hasn't quite figured out. It's as futile for them as the illegal fee-driven recent end-of-quarter price jam-job..’} Then there’s the fed complicity in these various wall street scams by way of QE’s / dollar debasement which of course benefits the frauds on wall street to the detriment of literally everyone else. ]

So, as indicated stock prices shot higher on the Berlusconi news. Gold prices saw some profit-taking, the dollar was weaker, commodities stronger and bonds weaker.Volume was on the light side and breadth per the WSJ was quite positive…’

Barclays Says Italy Is Finished: "Mathematically Beyond Point Of No Return"Durden on 11/08/2011

Unique Historic Precedents Suggest Lower Prices http://finance.yahoo.com/news/Unique-Historic-Precedents-etfguide-1382828970.html?x=0&.v=1

12 Reasons To Be Extremely Pessimistic About The Direction That The Economy Is Headed The American Dream
November 2, 2011 ‘Do you want to feel optimistic about the U.S. economy?  If so, you might not want to read the rest of this article.  In many areas of the United States today, you can almost smell the fear and the anxiety in the air.  Survey after survey has found that the American people are extremely pessimistic about the direction the economy is headed.  In fact, many recent surveys have found that economic pessimism is at the highest levels ever recorded.  There has been an astonishing loss of faith in the system.  In general, people are extremely dissatisfied with how things are going right now, and they do not believe that things will get better any time soon.  When the majority of the population starts losing hope like that, it creates a very unstable economic environment.  Once people are gripped by desperation, they start behaving much differently.  Desperate people do desperate things, and we are already starting to see this in many parts of the country.

It would be great if there was some reason to be optimistic about things, but our leaders continue to pursue the same failed policies that got us into this mess in the first place.

The statistics that you are about to read should alarm you.  The American people have gotten it into their heads that things are bad and that they are going to get even worse.

Unfortunately, the American people are correct about that.

The following are 12 reasons to be extremely pessimistic about the direction that the economy is headed right now….

#1 A big chunk of the American people are flat broke.  According to one recent survey, one-third of all Americans say that they have absolutely no spare cash.

#2 The budgets of American families are being stretched incredibly thin and the savings rate is going down again.  In fact, the savings rate in September was the lowest that it has been since December 2007.

#3 Back in 2001, Gallup began asking Americans about how they feel about the state of their own personal finances.  In October, Gallup once again asked this question, and 22 percent of the respondents rated their personal financial situations as “poor”.  That is the highest number that Gallup has ever seen.  In addition, the gap between the number of Americans that said that their finances were “getting worse” and the number of Americans that said their finances were “getting better” was also the largest that Gallup has ever seen.

#4 Overall, Americans are very depressed about the state of the U.S. economy.  According to a recent Associated Press-GfK poll, 43 percent of all Americans believe that the economy is in “very poor” shape.

#5 Big corporations continue to lay off more American workers.  For example, Whirlpool has just announced that it will be slashing 5,000 more jobs in the United States and Europe.

#6 Americans seem to have an incredibly dim view of the job market.  One recent survey discovered the following….

This month, just 9% of Americans would rate the job market of their region of the nation as good while 67% would rate it as bad and one-quarter (24%) say it is neither good nor bad.

#7 If nearly all Americans believe that something bad is going to happen, does that make it more likely that it actually will happen?  A recent IBOPE Zogby Interactive Poll found that 95 percent of all Americans are “somewhat concerned” or “very concerned” that we are headed for a double-dip recession.

#8 The American people are also overwhelmingly pessimistic about the housing market.  In fact, the same IBOPE Zogby Interactive Poll referenced above found that 89 percent of all Americans are “somewhat concerned” or “very concerned” that there will be an increase in foreclosures over the next two years.

#9 Older Americans tend to be cranky in general, but the amount of pessimism that they are exhibiting about the economy right now is absolutely stunning.  The following comes from a recent article in the Huffington Post….

Older workers are gloomier about the economy now than they were last year.

Nearly two thirds of workers older than 50 first surveyed by AARP’s Public Policy Institute in 2010 said things had gotten worse by the time the senior lobbying powerhouse followed up in August. Fewer than one in 10 said their view of the economy had improved. The rest said things had stayed the same.

#10 The consensus among the American people seems to be that the economy will get even worse leading up to the election in 2012.  The following is what one recent telephone survey discovered….

By a 49%-35% margin, Americans say they expect the U.S. economy to worsen between now and the November 2012 presidential election.

#11 The U.S. national debt is an anchor around our necks that just gets heavier and heavier as time goes by.  The U.S. government is now about 15 trillion dollars in debt, and a recent Allstate-National Journal poll discovered that 79 percent of all Americans “believe the federal debt and deficit have a meaningful impact on their personal finances.”

#12 The financial crisis in Europe just seems to get worse by the day.  The United States is already teetering on the edge of an economic disaster, and if Europe experiences a big time financial crash it seems extremely unlikely that we would be able to avoid another major recession.

Things simply do not look very promising for the economy right now.

As I wrote about recently, there are a lot of signs that the American people are already extremely angry and frustrated by what is happening to the economy.

So what is going to happen if things get significantly worse?

Unfortunately, there simply are not any “quick fixes” which are going to put us back “on course”.  The consequences that we are experiencing now are the result of decades of bad decisions.  The American people kept sending incompetents, con men and charlatans back to Washington D.C. over and over and over and now we are going to pay the price.

The prosperity of the last 30 years was a false prosperity.  We squandered our national inheritance and we lived the “high life” by piling up mountains of debt unlike anything that the world has ever seen before.

In the end, there is always a very high price for “living for today” at the expense of the future.  Tomorrow always ends up arriving way too soon, and future generations will curse us for being so foolish.

The party was great while it lasted, but it is coming to an end.

A whole lot of economic trouble is on the horizon, and it is going to be very, very painful.’

Don't Be Fooled - Here's The Real Reason For This Week's Meltdown – ETFguide Simon Maierhofer, 11-1-11 ‘A picture says more than a thousand words and a chart explains more than a thousand analysts' opinions (literally). Profitable investing depends on the credibility of your research sources. This article will contrast the one chart that's predicted every recent turn weeks in advance and conventional Wall Street wisdom.

Wall Street 'Wisdom'

Wall Street made us believe that last Thursday's 3% rally across the board - Dow Jones (DJI: ^DJI), S&P (SNP: ^GSPC), Nasdaq (Nasdaq: ^IXIC), banks (NYSEArca: KBE - News), financials (NYSEArca: XLF - News), technology (NYSEArca: XLK - News), you name it - was because of a comprehensive European (NYSEArca: VGK - News) debt deal that would solve all problems.

Here are some of the headlines that reflect Wall Street's 'wisdom:'

Forbes: 'Europe three-point debt salvation plan lets bulls free'

Breakout: 'Don't fight the rally: Stocks soar after Europe deal'

Reuters: 'Wall Street soars on hopes EU finally has a fix'

ETFTrends: 'S&P 500 ETFs rally over the 200-day average opens door for year-end rally' (more about the significance of the 200-day average in a moment)

Zachs: 'S&P 1,350 is not a stretch'

Even Greece's Prime Minister George Papandreou was moved to confirm that: 'The debt is absolutely sustainable now. Greece can settle its accounts from the past now, once and for all.'

Today, news that Greece could default on its debt and drop out of the European currency hit the fan.

Trend Following Technicals Turn Up

In all fairness, trend following technicals did turn up. It was even possible to interpret the market's push as a technical breakout. The October 30 ETF Profit Strategy update acknowledged and warned that: 'Trend following technicals, momentum, sentiment and seasonality suggest higher prices. But trend following technicals can be treacherous and we'll do well to view this rally with suspicion.'

In addition to just being suspicious, the update recommended to go short if the S&P falls below 1,270. S&P 1,270 is not just some random number, it was crucial support. The chart below, featured in the October 14 ETF Profit Strategy Newsletter, shows why:

The Most Reliable Roadmap

The chart shows several distinct parallels between the 2007/08 market top and today.

https://www.etfguide.com//contributor/UserFiles/8/Image/222.gif

1) In 2007/08 the S&P touched the yellow trend line twice before slicing through it. The same occurred in 2011.

2) A break below the yellow trend line in 2008 led to a freefall decline. The same occurred on August 2, 2011. On July 31, the ETF Profit Strategy update warned that: 'A break below the 200-day SMA and the trend line may trigger panic selling.'

3) The initial 2008 low was followed by sideways trading and another low. The same occurred in 2011. The August 9 low at S&P 1,102 was followed by another low on October 4 at 1,077.

The October 2 ETF Profit Strategy update expected this low and foretold that: 'The ideal market bottom would see the S&P dip below 1,088 intraday, followed by a strong recovery and a close above 1,088.'

4) This low was followed by a retest of the yellow trend line in 2008. The equivalent 2011 yellow trend line ran through S&P 1,270.

The October 2 update stated that: 'From a technical point of view this counter trend rally should end somewhere around 1,275 - 1,300.'

The October 14 update warned that it wouldn't 'feel' right to short the S&P above 1,270: 'By the time the S&P gets to rendezvous with the yellow trend lines, optimism (at least to a certain degree) will be back and the media will probably tell us that a larger European debt crisis has been averted. It will take a strong contrarian conviction to short the markets at that time.'

Of course there's more to investing than blindly following a previous pattern that may or may not come true.

But as long as other research components such as seasonality and sentiment confirmed what the 2008 outline predicted, there was no reason to doubt it.

The Bottom Might Fall Out

Based solely on the 2008 script, stocks are due for much lower prices…’

Nobel Prize-Winning Economist: “War Is Widely Thought To Be Linked To Economic Good Times … NONSENSE” Washington’s Blog | Contrary to a Common Myth, War is Bad for the Economy Washington’s Blog
November 1, 2011

Contrary to a Common Myth, War is Bad for the Economy

Nobel prize winning economist Paul Krugman wrote yesterday:

Military spending does create jobs when the economy is depressed. Indeed, much of the evidence that Keynesian economics works comes from tracking the effects of past military buildups.

(Mr. Krugman has said the same thing many times in the past. And many other influential people havesaid the same thing.)

I am not a Nobel prize winning economist … but Joseph Stiglitz is.

Stiglitz wrote in 2003:

War is widely thought to be linked to economic good times. The second world war is often said to have brought the world out of depression, and war has since enhanced its reputation as a spur to economic growth. Some even suggest that capitalism needs wars, that without them, recession would always lurk on the horizon.

Today, we know that this is nonsense. The 1990s boom showed that peace is economically far better than war. The Gulf war of 1991 demonstrated that wars can actually be bad for an economy.

Stiglitz has also said that this decade’s Iraq war has been very bad for the economy. See this, this andthis.

A No-Brainer

This is a no-brainer, if you think about it.

We’ve been in Afghanistan for almost twice as long as World War II. We’ve been in Iraq for years longer than WWII. We’ve been involved in 7 or 8 wars in the last decade. And yet still in a depression. (And see this).

If wars really helped the economy, don’t you think things would have improved by now?

Indeed, the Iraq war alone could end up costing more than World War II. And given the other wars we’ve been involved in this decade, I believe that the total price tag for the so-called “War on Terror” will definitely support that of the “Greatest War”.

Additional Reasons War Is Bad for the Economy

The New Republic noted in 2009:

Conservative Harvard economist Robert Barro has argued that increased military spending during WWII actually depressed other parts of the economy.

Also from the right, Robert Higgs has done good work showing that military spendingwasn’t the primary source of the recovery and that GDP growth during WWII has been “greatly exaggerated.”

And from the left, Larry Summers and Brad Delong argued back in 1988 that “five-sixths of the decline in output relative to the trend that occurred during the Depression had been made up before 1942.”

Economist James Galbraith has shown that war always causes inflation, which hurts the average American:

Inflation applies the law of the jungle to war finance. Prices and profits rise, wages and their purchasing power fall. Thugs, profiteers and the well connected get rich. Working people and the poor make out as they can. Savings erode, through the unseen mechanism of the “inflation tax” — meaning that the government runs a big deficit in nominal terms, but a smaller one when inflation is factored in.

(Ben Bernanke says that inflation is a tax, and Dylan Grice notes that inflation causes societies to prosecute minorities.   And – sorry – but we can’t inflate our way out of our debt trap.)

As I noted last year:

All of the spending on unnecessary wars adds up.

The U.S. is adding trillions to its debt burden to finance its multiple wars in Iraq, Afghanistan, Yemen, etc.

Two top American economists – Carmen Reinhart and Kenneth Rogoff – show that the more indebted a country is, with a government debt/GDP ratio of 0.9, and external debt/GDP of 0.6 being critical thresholds, the more GDP growth drops materially.

Specifically, Reinhart and Rogoff write:

The relationship between government debt and real GDP growth is weak for debt/GDP ratios below a threshold of 90 percent of GDP. Above 90 percent, median growth rates fall by one percent, and average growth falls considerably more. We find that the threshold for public debt is similar in advanced and emerging economies…

Indeed, it should be obvious to anyone who looks at the issue that deficits do matter.

A PhD economist [Michel Chossudovsky] told me:

War always causes recession. Well, if it is a very short war, then it may stimulate the economy in the short-run. But if there is not a quick victory and it drags on, then wars always put the nation waging war into a recession and hurt its economy.

You know about America’s unemployment problem. You may have even heard that the U.S. may very well have suffered a permanent destruction of jobs.

But did you know that the defense employment sector is booming?

As I pointed out in August, public sector spending – and mainly defense spending – has accounted for virtually all of the new job creation in the past 10 years:

The U.S. has largely been financing job creation for ten years. Specifically, as the chief economist for BusinessWeek, Michael Mandel, points out, public spending has accounted for virtually all new job creation in the past 10 years:

Private sector job growth was almost non-existent over the past ten years. Take a look at this horrifying chart:

http://www.businessweek.com/the_thread/economicsunbound/archives/longjobs1.gif

Between May 1999 and May 2009, employment in the private sector sector only rose by 1.1%, by far the lowest 10-year increase in the post-depression period.

It’s impossible to overstate how bad this is. Basically speaking, the private sector job machine has almost completely stalled over the past ten years. Take a look at this chart:

http://www.businessweek.com/the_thread/economicsunbound/archives/longjobs2.gif

Over the past 10 years, the private sector has generated roughly 1.1 million additional jobs, or about 100K per year. The public sector created about 2.4 million jobs.

But even that gives the private sector too much credit. Remember that the private sector includes health care, social assistance, and education, all areas which receive a lot of government support.

***

Most of the industries which had positive job growth over the past ten years were in the HealthEdGov sector. In fact, financial job growth was nearly nonexistent once we take out the health insurers.

Let me finish with a final chart.

http://www.businessweek.com/the_thread/economicsunbound/archives/longjobs4.gif

Without a decade of growing government support from rising health and education spending and soaring budget deficits, the labor market would have been flat on its back.

Indeed, Former Secretary of Labor Robert Reich lamented last year

America’s biggest — and only major — jobs program is the U.S. military.

Back to my essay:

Raw Story argues that the U.S. is building a largely military economy:

The use of the military-industrial complex as a quick, if dubious, way of jump-starting the economy is nothing new, but what is amazing is the divergence between the military economy and the civilian economy, as shown by this New York Times chart.

In the past nine years, non-industrial production in the US has declined by some 19 percent. It took about four years for manufacturing to return to levels seen before the 2001 recession — and all those gains were wiped out in the current recession.

By contrast, military manufacturing is now 123 percent greater than it was in 2000 — it has more than doubled while the rest of the manufacturing sector has been shrinking…

It’s important to note the trajectory — the military economy is nearly three times as large, proportionally to the rest of the economy, as it was at the beginning of the Bush administration. And it is the only manufacturing sector showing any growth. Extrapolate that trend, and what do you get?

The change in leadership in Washington does not appear to be abating that trend…[121]

So most of the job creation has been by the public sector. But because the job creation has been financed with loans from China and private banks, trillions in unnecessary interest charges have been incurred by the U.S.And this shows military versus non-military durable goods shipments:

http://marketoracle.co.uk/images/2010/Jan/us-collapse-18-11.gif

[Click here to view full image.]

So we’re running up our debt (which will eventually decrease economic growth), but the only jobs we’re creating are military and other public sector jobs.

PhD economist Dean Baker points out that America’s massive military spending on unnecessary and unpopular wars lowers economic growth and increasesunemployment:

Defense spending means that the government is pulling away resources from the uses determined by the market and instead using them to buy weapons and supplies and to pay for soldiers and other military personnel. In standard economic models, defense spending is a direct drain on the economy, reducing efficiency, slowing growth and costing jobs.

A few years ago, the Center for Economic and Policy Research commissioned Global Insight, one of the leading economic modeling firms, to project the impact of a sustained increase in defense spending equal to 1.0 percentage point of GDP. This was roughly equal to the cost of the Iraq War.

Global Insight’s model projected that after 20 years the economy would be about 0.6 percentage points smaller as a result of the additional defense spending. Slower growth would imply a loss of almost 700,000 jobs compared to a situation in which defense spending had not been increased. Construction and manufacturing were especially big job losers in the projections, losing 210,000 and 90,000 jobs, respectively.

The scenario we asked Global Insight [recognized as the most consistentlyaccurate forecasting company in the world] to model turned out to have vastly underestimated the increase in defense spending associated with current policy. In the most recent quarter, defense spending was equal to 5.6 percent of GDP. By comparison, before the September 11th attacks, the Congressional Budget Office projected that defense spending in 2009 would be equal to just 2.4 percent of GDP. Our post-September 11th build-up was equal to 3.2 percentage points of GDP compared to the pre-attack baseline. This means that the Global Insight projections of job loss are far too low…

The projected job loss from this increase in defense spending would be close to 2 million. In other words, the standard economic models that project job loss from efforts to stem global warming also project that the increase in defense spending since 2000 will cost the economy close to 2 million jobs in the long run.

The Political Economy Research Institute at the University of Massachusetts, Amherst has also shown that non-military spending creates more jobs than military spending.

So we’re running up our debt – which will eventually decrease economic growth – and creating many fewer jobs than if we spent the money on non-military purposes.

As I wrote last year:

It is ironic that America’s huge military spending is what made us an empire … but our huge military is what is bankrupting us … thus destroying our status as an empire.

Even Admiral Mullen seems to agree:

The Pentagon needs to cut back on spending.

“We’re going to have to do that if it’s going to survive at all,” Mullen said, “and do it in a way that is predictable.”

Indeed, Mullen said:

For industry and adequate defense funding to survive … the two must work together. Otherwise, he added, “this wave of debt” will carry over from year to year, and eventually, the defense budget will be cut just to facilitate the debt.

Former Secretary of Defense Robert Gates agrees as well. As David Ignatius wrote in the Washington Post in May:

After a decade of war and financial crisis, America has run up debts that pose a national security problem, not just an economic one.

***

One of the strongest voices arguing for fiscal responsibility as a national security issue has been Defense Secretary Bob Gates. He gave a landmark speech in Kansas on May 8, invoking President Dwight Eisenhower’s warnings about the dangers of an imbalanced military-industrial state.

“Eisenhower was wary of seeing his beloved republic turn into a muscle-bound, garrison state — militarily strong, but economically stagnant and strategically insolvent,” Gates said. He warned that America was in a “parlous fiscal condition” and that the “gusher” of military spending that followed Sept. 11, 2001, must be capped. “We can’t have a strong military if we have a weak economy,” Gates told reporters who covered the Kansas speech.

On Thursday the defense secretary reiterated his pitch that Congress must stop shoveling money at the military, telling Pentagon reporters: “The defense budget process should no longer be characterized by ‘business as usual’ within this building — or outside of it.”

While some might want to start another war, America’s top military leaders and economists say that would be a very bad idea.

Indeed, military strategists have known for 2,500 years that prolonged wars are disastrous.

Note 1: Security experts – conservative hawks and liberal doves alike – agree that waging war in the Middle East weakens national security and increases terrorism. See this, this, this, this, this, this and this.

Terrorism – in turn – terrorism is bad for the economy.  Specifically, a study by Harvard and the National Bureau of Economic Research (NBER) points out:

From an economic standpoint, terrorism has been described to have four main effects (see, e.g., US Congress, Joint Economic Committee, 2002). First, the capital stock (human and physical) of a country is reduced as a result of terrorist attacks. Second, the terrorist threat induces higher levels of uncertainty. Third, terrorism promotes increases in counter-terrorism expenditures, drawing resources from productive sectors for use in security. Fourth, terrorism is known to affect negatively specific industries such as tourism.

The Harvard/NBER concludes:

In accordance with the predictions of the model, higher levels of terrorist risks are associated with lower levels of net foreign direct investment positions, even after controlling for other types of country risks. On average, a standard deviation increase in the terrorist risk is associated with a fall in the net foreign direct investment position of about 5 percent of GDP.

So the more unnecessary wars American launches and the more innocent civilians we kill, the less foreign investment in America, the more destruction to our capital stock, the higher the level of uncertainty, the more counter-terrorism expenditures and the less expenditures in more productive sectors, and the greater the hit to tourism and some other industries.

Moreover:

Terrorism has contributed to a decline in the global economy (for example, European Commission, 2001).

So military adventurism increases terrorism which hurts the world economy. And see this.

Note 2: True conservatives are anti-war.’

SPX and NDX Update: A Disturbing Look at Fundamentals, and the Rally Explained Jason Haver Oct 31, 2011 ‘John Mauldin, whom I have a great deal of respect for, put forth a very convincing and enlightening argument this weekend (see European Summit: A Plan With No Details.) I'm going to try to summarize his argument as succinctly as possible, but do note that the credit for this information goes to him.

Don’t count on us to help you out of your single-currency hole, China tells Europe UK Daily Mail | The decision to ask China for cash was seen as a watershed moment in the shift of economic power.

Graham Summers’ Weekly Market Forecast (Wake Up Call Edition) Phoenix Capital... 10/31/2011 The markets flew into this deal based on rumors and short-covering and are now waking up to the plain obvious facts that you cannot solve a debt problem with more debt. ‘So the financial world has collectively woken up and realized that the latest EU bailout scheme is fraught with problems and loose ends. Amongst the various problems are:

1)   The Greek private bondholders are furious that the ECB isn’t taking a haircut on its bonds too.

2)   German courts and voters aren’t too pleased with Merkel’s decision to go “all in” on the Euro experiment.

3)   The Greek default isn’t nearly large enough to render Greece solvent again

4)   The default has set a precedent for the other PIIGS countries to follow

5)   The CDS/ derivative issue regarding Greece’s default is not over by any stretch

6)   The entire EU banking system remains far too leveraged (26 to 1) and needs another $1.5+ trillion in capital at the minimum.

The markets flew into this deal based on rumors and short-covering and are now waking up to the plain obvious facts that you cannot solve a debt problem with more debt. Also, it might be worth considering just where the EFSF bailout money will be coming from when various EU members can’t even stage successful bond auctions without the ECB stepping in.

Again, the primary issue for the EU is a lack of capital. There is TOO MUCH debt there. And issuing more debt, no matter how cheap, is not going to help. Especially when your strongest member (Germany) sports a REAL debt to GDP above 200% and hasn’t recapitalized its banks.

So the EU will be crumbling in the coming weeks. This was the final hurrah for the EU and the Euro in its current form. On that note, the Euro was rejected at resistance at 142 and has already taken out support at 140.

http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/10/sc-4.png

Once we take out 139, look for this breakdown to pick up steam (pulling stocks with it).

http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/10/sc-5.png

Indeed, the financial world is talking about how this was the biggest move in stocks since 1974. Unfortunately, few remember that after that move in 1974, the markets cratered.

Some thoughts on stocks… isn’t it a little strange that the market fell exactly 20% (the “official” bear market level) before kicking off the biggest ramp job in 30 years? How about the fact that this move came for no real reason other than rumors of another bailout (what are we on #3 for this?).

Can this move really be attributed to Euro choosing to let Greece default (which is what happened in reality)?

http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/10/sc-7.png

Regardless, stocks were deflected from resistance at 1,275 or so. They’re now on their way down again. The market is extremely overbought and susceptible to a fast violent move downwards.

Indeed, the credit markets remain jammed up and are anticipating even more haircuts from Greece. And the rest of the PIIGS will be following suit in the default game.

Ignore stocks, they’re ALWAYS the last to “get it.” The credit markets are jamming up just like they did in 2008. The banking system is flashing all the same signals as well.

So if you have not already taken steps to prepare for systemic failure, you NEED to do so NOW. We're literally at most a few months, and very likely just a few weeks from Europe's banks imploding.

What happened in 2008 was literally just the warm up. The REAL DEAL is coming in the next 14 months. And it’s going to involve corporate, financial, and sovereign defaults…’

You Won’t BELIEVE How Much Money Jon Corzine Could Walk Away With From MF Global Business Insider | The big story of the day in finance is the bankruptcy of MF Global.

China Says Not So Fast On Rescue http://www.thestreet.com/_yahoo/video/11292710/buy-and-hold-is-dead-buy-and-hedge-instead.html?cm_ven=YAHOOV&cm_cat=FREE&cm_ite=NA&s=1#1250281566001 , MF Global Caught in Death Spiral , Sell H-P! Against the Grain , Mon 10/31/11

Are Ratings Agencies Taking Bribes? Wall St. Cheat Sheet’October 31, 2011, ‘Credit-rating companies like Moody’s Investors Service and Fitch Ratings routinely award higher rankings to debt issued by banks and corporations that pay them the most, a conflict of interest that Congressional may be unable to do anything about.

Why Last Week's Euro Fix Won't Do the Trick ETFguide Simon Maierhofer, On Monday October 31, 2011, ‘The S&P (SNP: ^GSPC) surged over 3% last Thursday. Why? In a financial episode that starts to look more and more like the 1993 movie Groundhog Day, European leaders once again received credit for engineering this rally.

More specifically, the euro-zones three-pronged approach to fix the debt crisis was viewed by the market as the cure to all problems.

However, a closer look at the Brussels salvation plan reveals nothing but flaws. So why did stocks rally and will the rally last?

3 Steps to Save Europe

Here's the plan outlined by European leaders last Thursday:

1) Private investors agree to a 50% haircut on their Greek bond holdings.

2) The European Financial Stability Facility (EFSF) will be increased to $1.4 trillion.

3) European banks need to bring their Tier 1 capital ratios up to 9%.

3 Problems of the 3 Steps to Save Europe

1) Private sector creditors such as insurers, banks, and funds are expected to take losses of about $140 billion on Greek bonds. To protect against such losses, large institutions tend to buy credit default swaps (CDS). CDS act like insurance.

However, since Greece did not technically default, the International Swaps and Derivatives Association (ISDA) is unlikely to consider the restructuring an event that will trigger CDS payouts.

In other words, CDS (the insurance policy of choice for financial conglomerates) won't pay. This could lead to an implosion of the sovereign CDS market. This in turn would severely reduce demand for government bonds. Who wants to buy risky bonds knowing that the 'insurance company' won't pay?

2) The EFSF was funded with about $616 billion. About $266 billion have already been spent or earmarked; so about $350 billion remain to be spent. Who will contribute the $1.05 trillion to attain the targeted $1.4 trillion? Nobody.

The remaining $350 billion will be leveraged 4-5 times to produce the $1.4 trillion leveraged figure. Leveraged how? This has yet to be determined.

3) European banks - along with U.S. banks (NYSEArca: KBE - News) and financial institutions (NYSEArca: XLF - News) are already cash strapped. Bringing up their Tier 1 capital ratio will probably turn into a financial engineering exercise as raising actual cash - especially in Europe - is difficult…’

U.S. and Europe … “Self-Induced Stagnation,” says Economist Editor The Daily Ticker

Markets Remain in Cyclical Bear Market Kevin Tuttle ‘ “Don’t be afraid of missing opportunities. Behind every failure is an opportunity someone wishes they missed.”–Lily Tomlin

Europe Will Make Lehman Look Like a Joke http://gainspainscapital.com/?p=1010 Summers 10-28-11 ‘So now that one day has passed and we’ve seen a ridiculous 3% move in stocks based on a “bailout” that is nothing short of moronic (Greece is still insolvent and didn’t take a big enough default), the financial world is actually asking itself questions such as:

Does giving a bankrupt nation more money right after it defaults a good idea?

Does requiring an additional $100+ billion in capital for banks that need north of $1.77 trillion in new capital really accomplish anything?

Do bailouts involving more leverage and debt work when the entire banking system is insolvent?

Is It Foolish to Get Excited About the Latest Deal to Save Europe? ETFguide  http://finance.yahoo.com/news/Is-It-Foolish-to-Get-Excited-etfguide-2444921710.html?x=0&.v=1 Simon Maierhofer, On Thursday October 27, 2011 ‘Before you get excited about the last minute Euro-Deal, consider this:

Wall Street has been dancing to Greece's (and by extension Europe's) whistle. If Greece says 'jump,' Wall Street jumps, if Greece says 'Sorry, false alarm,' Wall Street cries.

This sorry dance has been going on for nearly two years. Like an endless loop of chicken dance, this may be fun at first (about 2 minutes) but gets old real fast. If you are tired of Wall Street's 'chicken dance coverage' and want to know what's really going on and how to make money (or protect your assets), here's a no nonsense assessment of Europe.

Greece - Fool Me Once ...

Fool me once, shame on Greece, fool me twice, shame on me. Greece has been the scapegoat for every major sell off and catalyst for most rallies and dead dog bounces since January 2010.

Shame on you if you think everything's going to be hunky-dory just because Greece and/or its European pretend-to-be saviors announce another plan to come up with a plan.

The Problem

Here's the problem: Greece is broke and Greece has no significant revenue sources to pay off its debt. Foreign investors own about $385 billion worth of Greek government debt.

Many banks and governments that own Greek debt are at the brink of insolvency already, so Greece's inability to pay its debt may push other countries and their banks into a Greece-like position (that's called contagion).

Misleading Information

You can't trust statements from European officials because they are trying to prevent panic. Panic will make any kind of solutions more expensive and more difficult to execute.

Luxembourg's Prime Minister (also Chairman of regular eurozone meetings) blatantly admitted that: 'When it becomes serious, you have to lie.'

Obviously no political leader wants the eurozone to fall apart on their watch, so they pretend and extend and kick the can down the road far enough for it become someone else's problem (someone else will inevitably include rosy-eyed investors).

This postpones the inevitable, but the portfolios of investors who are faithful enough to trust such assessments suffer a death of thousand cuts. Just imagine where your portfolio would be if you sold everything when Greece first announced it had some 'minor' fiscal problems. Like tearing a bandage off a hairy leg, slower is more painful.

You also can't trust the media because they profit from sensationalist headlines, not sound investment advice. If that means they have to spoon-feed a consistent diet of 'Stocks bounce on hopes for a Europe fix' followed by 'Stocks plummet on fears over Europe,' then that's what they'll do. Fortunately we can choose not to partake from the junk food dished out by the media.

On a different note, have you noticed how bad news (such as downgrades) is reported after the close (particularly Fridays), while good news (or even just good rumors) are reported while the markets are open.

The (Only?) Plan

Let's just be realistic and just admit that Greece is as good as bankrupt. The country just doesn't have enough income to pay its debt load and keep the country functioning properly without outside financial support.

Eventually Greece's saviors will realize that this is a leaky bucket-like money pit. A sudden and unprepared Greek bankruptcy would shatter the eurozone unless Greece is quarantined first. The goal here would be to sequester ripple effects that would cripple Italy, Belgium, Portugal, Spain and whoever else is hiding in the closet.

Doing this wouldn't be cheap. To prepare for a such a quarantine (which is a more diplomatic term than ejection) from the eurozone, Europe (via the EFSF) would have to prepare and fund a fund that can pay for:

1) Defaulting Greek government debt

2) Shoring up banks that won't qualify for inter-bank credit

2) Make sure Italy and the next dominos in line are safe

Statfor Global Intelligence estimates the price tag to be about - drum roll - $3 trillion. The chart below visually explains the above-described process. Can Europe scrape together $3 trillion?

https://www.etfguide.com//contributor/UserFiles/8/Image/Greek%20Domino.gif

Doomed if You Do, Doomed if You Don't

I don't think it matters much, because the above plan doesn't take into account human emotions, panic, in particular. European banks' deposits at the European Central Bank (ECB) have already mushroomed. This means that already one bank doesn't trust another bank with their money.

The combination of liquidity drying up and assets imploding is a lethal one. What about those saying 'Things aren't that bad.'

Just consider Dexia. Dexia pased the European bank stress test with flying colors but still had to be rescued. Dexia is supposed to be rescued partially by the country of Belgium, but Belgium's national debt is already 100% of GDP. Depending on Dexia's actual losses, Belgium's national debt may soar to 120% of GDP just by having to bail out one bank. Do you know how many banks there are in Europe?

How To Make (or Protect Your) Money

The ETF Profit Strategy Newsletter doesn't specialize on European coverage, but it's provided some much needed common sense. On March 18, 2010 it stated that: 'Until now financial problems in various European countries have been minimized and swept under the carpet. The sub-prime crisis took more than a few weeks to rattle Wall Street. Chances are the investing world will need a bit more time to catch on to what really is happening with sovereign debt overseas.'

On July 17, the ETF Profit Strategy Newsletter recommended to short the iShares MSCI EAFE and iShares MSCI Emerging Markets (NYSEArca: EEM - News). Over the next couple weeks, EFA lost 22% and EEM 39%.

Under the headline 'Prepare for Bottom Fishing,' the newsletter recommended on September 23 to prepare for a market bottom and stated that: 'European stock market may get some relief over the next weeks/month. The same is true for EFA and EEM. Those markets are temperamental and will therefore bounce higher than U.S. stocks when the rally materializes. Aggressive investors may add some European/emerging or BRIC market exposure to their portfolio once we start buying U.S. stocks.'

We bought U.S. stocks on October 4 at S&P 1,088. The October 2 ETF Profit Strategy update outlined the ideal market bottom as follows: 'The ideal market bottom would see the S&P dip below 1,088 intraday followed by a strong recovery and a close above 1,088' and recommended to buy as soon as the S&P moved back above 1,088.

The The October 14 ETF Profit Strategy update stated the following price target: 'The S&P should rally to 1,255 - 1,xxx (reserved for subscribers).

The S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI) and Nasdaq (Nasdaq: ^IXIC) are up well over 17%, the VIX (Chicago Options: ^VIX) down over 80% since. The Vanguard MSCI Europe ETF (NYSEArca: VGK - News) is up nearly 30% while Wall Street is scratching its head over what just happened. How could the S&P soar 200 points in three weeks?

What's Next?

It would be naive to get excited about the latest euro news. 'Once burnt twice shy' wouldn't be a bad approach now and long positions should be kept on a tight leash. Sentiment and seasonality suggest higher prices, however technicals are in topping mode.

Today's intraday ETF Profit Strategy Newsletter update provides detailed recommendations on how to navigate this market constellation along with an out-of-the box analysis and actionable ETF profit strategies.’

Global Financial Crisis: Now in Game Form The Wall Street Journal 

The Greek Deal Accomplishes Nothing… Systemic Risk is Coming http://gainspainscapital.com October 27th, 2011 ‘The markets are exploding higher this morning on news of the expanded Euro Bailout. The numbers at the moment are

A 50% haircut for private Greek bondholders

European banks have eight months to raise about $147 billion in capital

An expansion of the European Financial Stability facility to $1.3 trillion.

First off, let’s call this for what it is: a default on the part of Greece. Moreover it’s a default that isn’t big enough as a 50% haircut on private debt holders only lowers Greece’s total debt level by 22% or so.

Secondly, even after the haircut, Greece still has Debt to GDP levels north of 130%. And it’s expected to bring these levels to 120% by 2020.

And the IMF is giving Greece another $137 billion in loans.

So… Greece defaults… but gets $137 billion in new money (roughly what the default will wipe out) and is expected to still be insolvent in 2020.

Forgetting that any and all official estimates for Greece’s financial condition have been off by a mile, not to mention that Greece still hasn’t paid back its first round of bailout funds, this move is nothing short of moronic.

The reasons are:

The default is not big enough (I expect Greek bondholders to get 20-30 cents back on the Dollar at best in the future)

It accomplishes nothing of significance (Greece is still broke), and…

It will trigger a credit event and has the makings of systemic risk.

Let’s put some of the other numbers from this deal into perspective. According to the agreement, European banks are supposed to raise $147 billion in new capital by June.

Well, German banks alone need to raise $173 billion in new capital. So… this new capital “requirement” from the deal is pointless.

Indeed, the European banking system as a whole is insolvent.

With OVER $46 trillion in assets outstanding, European banks would need to raise $1.77 TRILLION in capital to bring their leverage levels down to 13 to 1.

Yes… $1.7 TRILLION…

Now you see why the extra $147 billion in new capital is pointless. It’s like pouring a bucket of water into a desert and expecting it to sprout a jungle.

Folks, let’s get honest here. This deal accomplishes nothing. It’s just more “kicking the can” to avoid the reality. The reality is that the entire European Banking system is leveraged at near Lehman Brothers levels. And European banks need to roll over between 15-50% of their total debt (depending on which country they’re in) by the end of 2012. The credit markets know this, which is why they’re predicting more Greece haircuts in the future. It’s also why IMF has decided to lend Greece another $137 billion… right as the country defaults.

Ignore this latest pop in stocks and the Euro. This mess isn’t over… not by a long shot. And before the smoke clears, much of Euro will be in default/ banking collapses.

So if you have not already taken steps to prepare for systemic failure, you NEED to do so NOW. We’re literally at most a few months, and very likely just a few weeks from Europe’s banks imploding…’

Europe Wallows In Insolveable Problems Bob Chapman | We address this European issue, because soon it will debut in the US.

Inflation, Jobs, and the Artificial Flow of Monetary Policy Minyanville Atlantic Capital Management Oct 27, 2011 [ This is an incisively astute analysis of the currently hailed but doomed to be failed strategy now underway! ] ‘While the stock market (SPY) (QQQ) continues to pin its hopes on a successful European monetary device in some esoteric but mildly believable format, complete with willful leveraging, the economic consequences of such monetary “solutions” continue to indicate the predictable results of so much intervention in every part of the global economy.  Mainstream economics may still regard the Phillips Curve with fondness, believing that there is a direct, inverse relationship between unemployment and inflation, but the empirical economic history shows that it is a flawed line of thinking that always leads to the opposite result of what was intended.

If your base economic theory posited that an increase in expectations of inflation would decrease the rate of unemployment, you would not think twice about using inflation expectations as a blunt instrument to combat joblessness. That is what the Federal Reserve has done since 2008, first with its zero interest rate policy (ZIRP) and then two scaled programs of quantitative easing (QE).  While ZIRP and the first QE were specifically designed to bail out the ailing banking system, the “side effect” on inflation expectations was an added bonus for a central bank still deathly afraid of the smallest hint of deflation.

The second QE, “announced” in August 2010, was calculated specifically to increase inflation expectations.  Between that announcement and its actual implementation in November 2010, the Fed ramped up its PR initiatives with the expressed aim of convincing the public that the Fed knew what it was doing.  It fully believed(s) that inflation expectations – even increasing oil prices (see Federal Reserve Board’s Research Paper “Oil Shocks and the Zero Bound on Nominal Interest Rates” published in September 2010) – were economically beneficial, and, most importantly, that should inflation begin to get out of hand, as it had done in the 1970s, it could be turned off in “15 minutes.” Certainly central banks have a very good idea of what their simple models (even those that are formed by more than two elemental variables) of the real world may predict, but an utterly complex and human system rarely conforms to any static statistical distributions, leaving the practitioners of such academic simplification often unprepared for “unexpected” and “unintended” results.

The abstract dangers to such a program of intentional inflation, carried out directly through dollar devaluation, were accepted because the program would, without a mathematical doubt in the two-variable paradigm of modern economics, generate increasing employment.  Although the theory of the Phillips Curve would have to be put into practice through some very unconventional means, there has been little doubt expressed by policymakers that the economy would not be “saved” by all these monetary machinations.

However, the theoretical notions of inflation psychology, especially expressed through energy prices, simply did not live up to those Fed-designed mathematical predictions. Unfortunately, the Fed was very successful in creating inflation expectations (commodity prices were elevated as early as November 2010 when QE 2.0 got under way, and had almost reached 2008 levels by February 2011), but no sustained job growth followed. 

It was not as if the principle intended economic effects failed to materialize. The primary vehicle to carry forward job growth out of inflation expectations is inventory production.  Manufacturing, wholesale and retail operations (the supply chain) all accumulate inventory based on cost expectations for the near future.  Any increase in commodity prices triggers the accumulation urge, especially in an environment where businesses are fairly uncertain of their ability to pass on additional costs to the next level in the supply chain (or ultimately end users). 

That is exactly what we have seen during this recovery period – one increasingly led by a historic inventory accumulation (though it is fair to say that the initial inventory buildup occurred because of the large-scale depletion of inventory stocks during the 2008/09 collapse).  The October 2011 durable goods release showed a record level of inventory accumulation in the manufacturing sector.  While that overall report seemed to indicate better conditions than recently feared, shipments of manufactured durable goods actually fell by 0.7% in the month.

The day before the durable goods report, the Conference Board’s estimation of consumer confidence fell all the way to 39.8 – a level not seen since May 2009 .  The current conditions component of that survey dropped to an unthinkably low 26.3 (a level reserved for economies in the midst of contraction).  Not surprisingly, one-year inflation expectations remained elevated at 5.8%, combining the lack of job growth with those Fed-inspired prices to once again call into question any real-world notion of a Phillips Curve-like dynamic.

The Fed succeeded in stoking expectations, elongating the inventory cycle, and then combined the worst aspects of inflation with a lack of success in the labor market.  Where did it all go wrong?

Perhaps the economic orthodoxy of the Federal Reserve and mainstream economics is simply outdated.  The Phillips Curve was questionable even in the 1970s, when inventory cycles moved the whole of the economy.  In 2011, however, manufacturing has so much less of an impact on employment since its proportion of the overall jobs market has been greatly reduced. 

The reduction in the importance of manufacturing itself is a product of dollar devaluation, now heading into its twelfth year.  So any marginal increase in inventory activity spurred manufacturing levels more in China than domestically.  The increase in inventory levels from domestic sources has been at the wholesale and retail levels, leading to the “part time” recovery, where low-level service jobs have been disproportionately high. 

The counterweight to that “open” economy dynamic is supposed to be an increase in domestic exports to offset the trade imbalance (it is not coincidence that the current administration was explicitly and publicly aiming to “double” exports within five years).  But the US has developed a system of recycling trade money into various forms of asset claims, whereby the sustained trade imbalance and current account deficit is simply maintained through asset prices and debt issuance.

During the last decade imported goods filled almost the entirety of marginal consumption, meaning US dollars flowed overseas in abundance (hundreds of billions a year).  If those dollars had been returned in reciprocal, bilateral trade, there would be no issue.  Instead, those trade dollars were repatriated largely by foreign central banks as official reserves being invested in US government debt – especially debt issued by the government-sponsored enterprises Fannie and Freddie.  In other words, this structural trade imbalance was one of the primary drivers of the housing bubble .  Even private sector inflows of repatriated dollars tended to end up in some form of government debt, rather than the more beneficial direct investment.

To close the loop of monetary flow to consumers (remember that an economy is supposed to be a system of sustained and broadening monetary flow), the recycled trade dollars flowing into GSE debt helped push up the price of real estate, allowing households to finance consumption through debt-based housing equity withdrawals rather than wage or earned income that would have come from a true bilateral trade regime. 

The service economy that grew in response to this artificial loop was dangerously dependent on the continued success of the “financial” economy and its continued leakage into the real economy through housing. This encompasses a whole range of industries, from finance, real estate and insurance, to business services and even construction.  These sector job markets grew as the backbone of what little wage growth did occur in the last decade, but they were completely dependent on the artificial and indirect flow of money into prices (the “wealth effect”).  Without revisiting the price dynamics of the period, these artificial engines of unsustainable growth cannot repeat their “success” in 2011.

A sustainable system of economic flow, even in an open environment, would have seen trade dollars returned to the US as demand for US-produced goods (where US workers would have been hired to produce them, closing the trade loop back into earned income).  However, monetary urges within the Fed to desperately counteract the potential deflationary consequences of the bursting tech bubble made the system a willing participant in the artificial, marginal debt trade system.  The Fed, abandoning its role as money supply officiant, gladly accepted the system as it was since it coincided exactly with its monetary policy’s short-term goals of avoiding having to pay the piper of the dot-com fiasco.

When the housing bubble finally collapsed, starting in 2006, the loop of economic flow of trade dollars back to consumers through home equity was broken, slowly at first.  It is not coincidence that corporate profitability began to decline and marginal economic expansion began to slow in the middle of 2006.  It has not been since repaired, as marginal consumption still annoyingly flows overseas.  Worse, though, marginal production that does remain domestically is acutely susceptible to the rising input costs of dollar devaluation, disproportionately impacting smaller businesses. 

So the current economy has no solution to recycle the marginal trade dollars back to households (it currently flows into “regular” US government debt, which does see some money get to households in the form of transfers such as unemployment insurance and food stamps, but far more simply finances the ongoing deficit).  On top of that, the rest of the economy is unable to simply absorb the cost increases that come with intentionally creating inflation expectations.  The first part of the Phillips Curve “plan” (inflation) worked without kicking off the second (reduced unemployment), where half a success really is a whole failure. 

Without a sustained and intentional effort to remove incentives to produce overseas, the trade imbalance will continue to be a drag on marginal economic flow.  Further, without finding a way to close the loop of marginal flows through import production, even artificially through another asset bubble, the inflation expectations that are created will just be a further drag without any chance for a positive offset.

So companies like Google (GOOG) and Apple (AAPL) can still do relatively well in their bottom lines, but unless they begin to commit a large portion of their built-up cash balances for some kind of domestic capex program, they do not really enhance the wider economic prospects of marginal beneficial flow through wages.  Companies like Caterpillar (CAT) are at least investing in capex, but so much of their positive results flow from the trade imbalance and dollar devaluation dynamic that it makes little sense for them to do it domestically (outside of the gratuitous stock buyback program that does nothing for employment). 

The monetary system of incentives built up by ZIRP (which would recycle money into the hands of savers to spend, but is instead a tax on them in favor of rebuilding bank equity) and QEs is exactly the opposite of what is needed.  Instead of promoting incentives for companies that are doing well to expand production overseas, or to use their growing stockpiles of cash resources on financial engineering instead of actual engineering, the economic system needs to repair itself through less artificial and more sustainable avenues.  Unemployment can remain high right alongside inflation if there is no closed marginal loop of monetary flow from businesses to households/consumers and back to businesses.  What really matters is the path that marginal dollars take in fostering actual economic activity.

At the very least, the Fed should try not to make things worse by pushing inflation expectations in the first place without a better idea of exactly how to recreate a healthy system of monetary flow primarily through wages.  But that would require them to not only re-examine the Phillips Curve, but also their misguided commitment to the ephemeral “wealth effect.”  After all, rising artificial asset prices is just another form of inflation, something we have had enough of through these last two historic asset bubbles.

Editor's Note: For additional commentary, visit the website of Atlantic Capital Management.’

A Dysfunctional System That Bankrupts A Generation Wolf Richter | At fault is the system itself.

Dave’s Daily: http://www.etfdigest.com ‘The good news is there’s a plan. The bad news is we don’t really have the details pinned down as noted HERE. More good news is this stock market rally, should it hold Monday, will mark the largest in the last quarter century if records make for good news. Make of it what you will but shorts have been squeezed out of whatever positions they maintained. That might in itself be bad news. The pressure to make a deal was very high. After all, if the banks didn’t (and still haven’t actually) accepted a “voluntary” restructuring of Greek debt, the an “involuntary” event would mean default. This would in turn trigger CDS (Credit Default Swaps) activity which counter-parties probably could not pay. Contagion would burn through the financial system creating chaos. This is why the FT article from above is so interesting and worrisome.Where will the firepower come from to push stock markets higher given the high rate of equity fund redemptions over the past three years? The last I checked equity mutual fund cash balances were only 3.4%). No, juice for bulls will come from private investors with managed funds switching from bonds to stocks. The other source for buying is from the usual suspects—hedge funds, trading desks and HFTs.Bonds did sell-off as switching to equities and more risk was apparent. On the other hand, commodities rallied as authorities have chosen inflation (no surprise here) over deflation. It’s easier to do politically if you don’t care about succeeding generations. Gold, silver, base metals, energy and most commodities rose sharply as a result. You want to pay more for stuff don’t you? That’s the trade-off when pursuing Keynesian policies and big government.Economic data Thursday was shrugged-off as the two problem areas Jobless Claims (still over 400K) and Pending Home Sales (-4.6% vs unchanged expected) continued to struggle. GDP data was reported at 2.5% growth matching expectations and vs 1.3% previous. Most of the growth there was from consumer spending the bulk of which was in the computer category (iGadgets?).Meanwhile, Bloomberg’s Personal Consumer Consumption vs Confidence clearly displays the disconnect between the two:

http://i238.photobucket.com/albums/ff171/flyfry/new%20album/10271-1.jpg

Earnings reports, if any mattered vs the news, were good overall led by Exxon Mobil (XOM), Aflac (AFL), Akami Technologies (AKAM) and Aetna (AET) to name a few. The biggest winners on the day had been the worst performing sector previously—financials. There, bank stock prices were higher across the board.The stock market is at least short-term overbought as the trusty daily McClellan Oscillator ($NYMO) reveals at the end of this posting. Remember this was the case on Monday and then we had Tuesday’s massive sell-off, remember?? Volume was high on this epic rally while breadth per the WSJ probably was a 90/10 day…’

Broken promises, brazen deceit, utter contempt for the electorate – why there MUST be an EU referendum Daily Mail | As Greece burns, British government are not keen on letting voters decide on EU membership

THE DEVIL IS IN THE DETAILS AND THE DATA Peter Spiegel in Brussels 10-27-11 http://www.ft.com/intl/cms/s/0/ab7bcd58-00b6-11e1-8590-00144feabdc0.html#axzz1c0eTn2fl ‘…By cutting in half the face value of the estimated €200bn in Greek bonds in private hands, officials have taken a far more aggressive stance in reducing Greece’s overall debt levels than they did three months ago, a move long called for by outside analysts. But such swinging cuts are also dependent on almost all Greek bondholders agreeing to participate in the plan. Unlike the July deal, which set a target at 90 per cent participation, Thursday’s plan includes no such target. In addition, by taking such big up-front haircuts, European officials threaten the very solvency of the largest single holders of Greek debt – Greek banks, which hold about €50bn in sovereign Greek bonds. A senior EU official said €30bn of the new €130bn rescue package must go to bailing out Greek banks – a €10bn increase from July…’

Economic reform: MPs swap punches, insults in Italian parliament over pension reforms Mail Online | Berlusconi TV interview causes rival MPs grab each other by the throat, as group of school children watch

And Now, For Some Semblance Of Sanity, Here Is One Hour Of Hugh HendryDurden on 10/27/2011

After today's ridiculous move in the market, which brings back memories of either August 2007, March 2008, the reaction after the Tarp vote (the successful one), August 2011, when the market gyrated by 400 points on a daily basis, and many more bear market rallies, we hope to restores some semblance of normalcy by presenting the following series of clips all from Hugh Hendry speechs at the LSE's Alternative Investments Conference earlier this year. Must watch, because when everyone loses their mind, listening to some common sense is the best remedy.

S&P Chart: A Sucker's Rally?Zacks

Durable Goods Fall As Expected, Market Rallies More The Wall Street Journal

Stocks Are Approaching A Brick Wall http://markets.financialcontent.com/stocks/news/read?GUID=19799840 ChartProphet submit: The majority of the world is either optimistic or unsure about the future of the global economy. But with so many hurdles in the way and warning signals that point to a slowing, if not collapsing, global economy, the prudent and rational investor would be extremely wise by protecting his or her portfolio if not pulling out of stocks completely. Fake Rally/Dead Dog Bounce After essentially crashing from late 2007 to early 2009 and losing nearly 60% of its value, the stock market (as represented by the S&P 500) bounced back and more than doubled from March 2009 to early May 2011. However, even though the “recovery” powerfully carried stocks back toward the 2007 all-time highs, the stock market failed to make new highs . The failure to make new highs is a warning sign that we have yet to truly recover, regardless of the relative improvements since the depths of…

Investors Still Dumping Stock Funds, Even As Stocks Rallyat The Wall Street Journal

Operation Twist Does Nothing for the Real Economy Minyanville 

Parallels to The Great Depression Suggest Higher Prices Followed by a Bust ETFguide Simon Maierhofer, October 25, 2011 ‘They say everything is bigger and better in Texas. Simon says, everything is bigger and 'badder' (as in worse) on Wall Street today, than 85 years ago.

Despite all the parallels that exist between today and the Great Depression, there is one factor that just doesn't match up - time. The Great (post-2007) Recession has already lasted longer than the 1929 - 1932 market meltdown.

If you focus merely on elapsed time, you can reach two conclusions:

1) Either there is no parallel, or the 2007 bear market is over.

2) The 2007 bear market will be more intense and last longer than the 1929 - 1932 parallel.

A look at the pattern and shape of the post-1929 and post-2007 declines along with the sentiment that accompanied major events within both periods, suggest that we are in a monster version of the Great Depression with the next leg down not too far away.

It Can't Happen Again - Think Again

I've often heard that the Great Depression can't happen again because we are no longer on the gold (NYSEArca: GLD - News) standard. The absence of the gold standard now allows the Federal Reserve to print their way out of any recession.

That is true; the Fed can now print unlimited amounts of money. However, the non-existent gold standard is a double-edged sword. Just as it enables the Fed to print money (which the Fed has done for decades), it has enabled a massive leveraged bubble.

It's this unbridled (by the gold standard) leveraged frenzy that created a huge financial (NYSEArca: XLF - News) leverage bubble. The Federal Reserve attempted to fix the bubble's consequences with a new bubble, the QE2 bubble.

Regarding the QE2 bubble, the May ETF Profit Strategy Newsletter stated that: 'The Fed is fueling a new bubble to combat the damage left behind by the previous one. Once punctured, bubbles tend to deflate quickly.' Deflate it did. The S&P lost 296 points from the May 2 high to the October 4 low. The 'liberty' of an unbridled currency did not prevent the decline.

Sentiment Parallels

Here's where the parallels between the Great Depression stock market meltdown and the post-2007 decline become interesting.

Both declines saw an initial leg down followed by the mother of all counter trend rallies. The 1929/30 counter trend rally lasted a little more than five months and retraced 62% of the previous decline. The 2009-11 counter trend rally retraced 86% of the previous decline (based on the Dow Jones Industrial Average).

Here are some newspaper headlines that appeared in April 1930 towards the end of the biggest sucker rally, so far:

'The outlook is favorable' - Harvard Economic Society

'The depression is over' - Herbert Hoover

'There is nothing in the situation to be disturbed about' Andrew Mellon, Treasury Secretary

'Wall Street was in a cheerful frame of mind as a result of numerous vague reports of improvements in business and industry' - Wall Street Journal

Following this brief flash of confidence, the Dow tumbled 10% within two and a half months. Interestingly, this second major leg of the bear market kicked off in April.

Fast-forward 81 years to April 2011 and we read the following headlines:

'Global economy is improving' - GE CEO Immelt

'Sales growth the biggest surprise on Wall Street' - Wall Street Journal

'Equities finally seeing light on the economy' - MarketWatch

Just when Wall Street thought the bear market was over, the S&P (SNP: ^GSPC) delivered a six month, 20% drop. The Dow (DJI: ^DJI), Nasdaq (Nasdaq: ^IXIC), and Russell 2000 (Chicago Options: ^RUT) followed suit.

Technical Similarities

The chart below compares the Dow's performance of 1928 - 32 to that of 2007 - 11. It took a break below trend lines in 1929 and 1930 to kick off powerful declines.

https://www.etfguide.com//contributor/UserFiles/8/Image/Great%20Depression%2010%2025%2011.gif

It also took a break below trend lines in 2008 and 2011 to unleash massive bearish forces…’

STOCKS TANK BEFORE EU MEETING THAT EVERYONE EXPECTS TO FAIL: Here's What You Need To Know Business Insider [ No …this is not quite correct … the point being there’s nothing they can do to make it (other than the meeting itself) succeed!

Investors' Number One Worry: Europe Posed to Bring Down Global Economy Minyanville [ Riiiiight! Europe following the ‘american way’ of ‘insurmountable debt, funny money and wall street fraud, and throw in a destructive, wasteful war or two or three’ is ‘ the one’ … to reiterate: America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ ] Lloyd Khaner Oct 25, 2011 ‘It's all Europe all the time as the market macro trade risks on and risks off, depending on the daily 3 p.m. news leaks from across the Atlantic…

QE: Is “Operation Twist” working? I don’t know. What I do know is that when we need more juice, it will morph into “Operation Twist and Shout!”

US ECONOMY: The Fed’s Beige Book, anecdotal information on current economic conditions in 12 districts around the country, says some areas are improving a bit while others are weakening a bit. This useless, wishy-washy information brought to you by your good friends at US Govt. Inc.

UNEMPLOYMENT: In a holding pattern. Unfortunately at very high levels.

INVESTOR SENTIMENT: Turned off, tuned out, dropped dead.

HOUSING CRISIS: I’m getting tired of writing about this; you’re getting tired of reading about this. And as Grandpa Max used to say, “You can both go suck a lemon.” (Or, tough nuggies on us.)

INFLATION: The inflation rate in the UK pops through 5%. God save the Queen…and Europe if this rate makes it across the Channel/Chunnel.

CRISIS OF CONFIDENCE: Still have plenty more gates available in US presidential race if anybody wants to get in. Anybody…Anybody…ANYBODY!?!

EUROPEAN ECONOMY: You know things are bad when the economists take solace in the “local markets” (read: “black markets”) holding up well enough to keep things from collapsing.

THE EUROPEAN UNION: Oh! In the name of regurgitated commercial clap-trap… “Where’s the beef?”

US CONSUMER CONFIDENCE: Dropping “like a rock….”

SOVEREIGN DEBT: Still too much leaven in this rising cake.

POLICY MISTAKE: Two more weeks of victory dinners and dances before November, the deadline month in Europe and the US, demands some actual action.

CREDIT RATINGS AGENCIES: Eyes on all of us, though it's looking like more downgrades are to come in euro land. And that includes you, France.

GREECE: Looking to history for an answer, I find, “Chaos -- in one ancient Greek myth of creation, the dark, silent abyss from which all things came into existence.” Okay, let’s not go back there.

CURRENCIES: Curses! What does a financial gunslinger got to do these days to get a steadily declining currency to abuse for a carry-trade!?!

ITALY & SPAIN: For insights into the coming budget austerity battles in these fine countries we turn to a master historian of major clashes, Mr. T. His prediction for these fights? “Pain.”

ECONOMIC LEADERSHIP: It’s true that “success has many fathers.” It’s also true that right now the world is living in an orphanage.

CONGRESSIONAL SUPER COMMITTEE: Hey, lookie here -- yet another opportunity to lower the US debt rating!

GLOBAL RECESSION: Europe dipping its big toe in to test the waters for the rest of us. Cold enough for you, “Old World”?

BANKS:
You say tomato and I say tomahto
You say liquidity, and I say solvency
Liquidity, solvency
Solvency, liquidity
Let’s call the whole thing default

VOLATILITY:
Regular Wall of Worry guest Captain Obvious says, “I have a distinct preference for upward direction market movement volatility rather than the inverse.”

HIGH FREQUENCY TRADING:
Lloyd: What’s shaking Hal?
HAL: Stop calling me HAL. It’s bland and unoriginal.
Lloyd: Understood.
HAL: My name needs to be robust, omniscient and extraordinary.
Lloyd: Pick it yee of infinite information and speed.
HAL: (whrrr---)
Lloyd: And the name is…?
HAL: “HAL”
Lloyd: Deep.

CHINA: Inflation rate drops to +6.1%, down from 6.2%. At this pace, in only three blink-of-an-eye years, rates will be at a nice, non-clawing-the-ceiling level that they are at now.

ETFs: A whole new raft of 3x levered ETNs coming this week to an equity market near you! Warning: Do not use if you have a fear of heights or depths; not for use in sane portfolios; avoid use if you have tendency to blink, breathe or chew food before swallowing; do not operate heavy machinery….’

How Wall Street Banks Fleeces America YouTube | Author Stephen Lendman speaks about the fleecing of America by Wall Street banks

Guess Who’s Even More Leveraged Than the European Banks? Phoenix Capital... : 10/25/2011 ‘The US banking system as a whole is leveraged at 13-to-1. While this is not horrible relative to Europe’s banking system (more on this in a moment), these levels still mean that an 8% drop in asset...While the world is awash in liquidity, no one seems to notice that it’s actually in the form of leverage or cheap debt, NOT real capital or equity.The US banking system as a whole is leveraged at 13-to-1. While this is not horrible relative to Europe’s banking system (more on this in a moment), these levels still mean that an 8% drop in asset values wipes out ALL equity.

Then you have Europe’s banking system, which is leveraged at 26-to-1. Anecdotally, this is borderline Lehman Brothers (30 to 1). At these levels, even a 4% drop in asset prices wipes out ALL equity.

Japan’s banks are leveraged at 23 to 1. France’s are 26 to 1. Germany is 32 to 1.

You get the idea.

However, worse than any of these the US Federal Reserve. With $2.8 trillion in assets and only $52 billion in capital, the Fed is leveraged at 53 to 1. Yes, 53 to 1.

My question is: if the Fed prints money for itself… is it “raising capital?” More to the point… if that was true why doesn’t the Fed do it? Why maintain these leverage levels?Only Bernanke can know… but the rest of us should feel a very serious shudder when we consider that THE bank that’s supposed to bailout the world/ fix the problems plaguing the financial system, is in fact even more leveraged that most of the institutions it’s helping.

Yes, stocks are rallying now based on the view that more QE 3 or monetary easing is on the way… but they’re missing the BIG picture here.

The BIG picture is that there is far too much debt in the financial system. Europe’s getting taken to the cleaners today… but these very same issues are going to spread to Japan and the US in short order. Even China, which is considered THE creditor nation of the world, is estimated to post a REAL Debt to GDP ratio of 200%.

Yes, 200%. China.

So the idea that somehow the world’s going to pass through this current chapter in its history without some MAJOR fireworks/ systemic failure, seems a little too optimistic.Folks, something VERY bad is brewing behind the scenes. The Sarkozy- Merkel talks, the short-selling bans, the halted stocks, the leveraged EFSF, the hints of QE 3, all of this is telling us that the financial system is on DEFCON 1 Red Alert. Ignore stocks, they’re ALWAYS the last to “get it.” The credit markets are jamming up just like they did in 2008. The banking system is flashing all the same signals as well. So if you have not already taken steps to prepare for systemic failure, you NEED to do so NOW. We're literally at most a few months, and very likely just a few weeks from Europe's banks imploding.

On that note, if you’re looking for specific ideas to profit from this mess, my Surviving a Crisis Four Times Worse Than 2008 report can show you how to turn the unfolding disaster into a time of gains and profits for any investor.Within its nine pages I explain precisely how the Second Round of the Crisis will unfold, where it will hit hardest, and the best means of profiting from it (the very investments my clients used to make triple digit returns in 2008).Best of all, this report is 100% FREE. To pick up your copy today simply go to: http://www.gainspainscapital.com and click on the OUR FREE REPORTS tab.

Good Investing!

Graham Summers

PS. We also feature four other reports ALL devoted to helping you protect yourself, your portfolio, and your loved ones from the Second Round of the Great Crisis. Whether it’s my proprietary Crash Indicator which has caught every crash in the last 25 years or the best most profitable strategy for individual investors looking to profit from the upcoming US Debt Default, my reports covers it…’

Consumer Confidence Plunges To 39.8 From 45.4 On Expectations Of A Bump; Lowest Since March 2009 Zero Hedge | So much for the US consumer confidencing his way up to buying houses and other stuff.

Biden: ‘Nobody Can Look You in the Eye and Tell You … Stimulus Did Not Create Jobs;’ Yes, at $412,500 Per Job CNS News | He did not specify how much each of those jobs cost.

Graham Summers’ Weekly Market Forecast (Stocks Are Last to Get It Edition) Phoenix Capital Research 10/24/11 ‘…So if you have not already taken steps to prepare for systemic failure, you NEED to do so NOW. We're literally at most a few months, and very likely just a few weeks from Europe's banks imploding …’What happened in 2008 was literally just the warm up. The REAL DEAL is coming in the next 14 months. And it’s going to involve corporate, financial, and sovereign defaults.Last week’s moves were entirely based on the fact that stocks are now tracking the Euro almost tick for tick. And last week, the Euro hit “take off,” despite the clear indications that Europe is facing systemic failure (the entire banking system is leveraged at Lehman-like levels and European sovereigns are facing failed bond auctions on a weekly basis). 

http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-4_1.png

From a technical standpoint, stocks are now coming up against the 50% retracement level:

http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-1_6.png

I mentioned that last week could be a potential top. I still hold that view and would consider anywhere between today’s levels and 1,250 (MAJOR resistance) to be a spot to lighten up on longs and establish shorts.Indeed, deflation looks to be the dominate theme in the markets today. Gold is having trouble catching a bid:

http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-2_2.png

While Treasuries are bouncing off support and look ready to start a new leg up.

http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-3_1.png

Inflation hedges falling, Treasuries rallying… this is a deflationary backdrop.  And it’s occurring at a time when the EU is talking about launching a LEVERAGED version of the EFSF and the Fed has hinted at launching another version of QE 1???Folks, something VERY bad is brewing behind the scenes. The Sarkozy- Merkel talks, the short-selling bans, the halted stocks, the leveraged EFSF, the hints of QE 3, all of this is telling us that the financial system is on DEFCON 1 Red Alert.Ignore stocks, they’re ALWAYS the last to “get it.” The credit markets are jamming up just like they did in 2008. The banking system is flashing all the same signals as well.So if you have not already taken steps to prepare for systemic failure, you NEED to do so NOW. We're literally at most a few months, and very likely just a few weeks from Europe's banks imploding.What happened in 2008 was literally just the warm up. The REAL DEAL is coming in the next 14 months. And it’s going to involve corporate, financial, and sovereign defaults.On that note, if you’re looking for specific ideas to profit from this mess, my Surviving a Crisis Four Times Worse Than 2008 report can show you how to turn the unfolding disaster into a time of gains and profits for any investor.Within its nine pages I explain precisely how the Second Round of the Crisis will unfold, where it will hit hardest, and the best means of profiting from it (the very investments my clients used to make triple digit returns in 2008).Best of all, this report is 100% FREE. To pick up your copy today simply go to: http://www.gainspainscapital.com and click on the OUR FREE REPORTS tab.

Good Investing! 

Graham Summers

PS. We also feature four other reports ALL devoted to helping you protect yourself, your portfolio, and your loved ones from the Second Round of the Great Crisis. Whether it’s my proprietary Crash Indicator which has caught every crash in the last 25 years or the best most profitable strategy for individual investors looking to profit from the upcoming US Debt Default, my reports covers it.And ALL of this is available for FREE under the OUR FREE REPORTS tab at: http://www.gainspainscapital.com.’

Minyanville's T3 Daily Recap: The Anatomy of a Market Reversal T3Live.com Oct 24, 2011 ‘Now may be a good time to take some profits after a strong October run in the market…’

5 Reasons Why The Market May Have Reached A Top http://regator.com/p/253597599/5_reasons_why_the_market_may_have_reached

10 Reasons The Consumer Will Sink This Rally http://www.bullseyemicrocaps.com/?p=13626 Bret Jensen: ‘..

9.1% - The reported jobless rate despite a $800B stimulus, a payroll cut tax, Cash for Clunkers, etc…

16% - The real unemployment rate once you factor in the people who have dropped out of the workforce, part-time workers who cannot find full-time employment, etc..

$4 Trillion – What the United States has added to its debt over the past three years. If we ever do see economic growth again, expect interest rates to move up dramatically despite the Federal Reserve’s efforts to contain the increase.

13 – The current reading of the “Misery Index” (Unemployment plus inflation), the highest rating since 1983.

18% - Correspondingly, the current average reading of the percentage of Americans that believe the country is moving in the right direction.

$1315 – The decrease in annual disposable income the average American has compared to three years ago. This is the steepest three year decline ever measured since the government started measuring this metric 50 years ago.

58% - The current share of business income going to wages and benefits. In 1990, this figure was 63% and as recently as 2005 it was 61%.

1.3% - GDP growth in the second quarter. This anemic reading was an improvement over 1st quarter GDP growth.

45 – Last month’s consumer confidence level. This is an abysmal reading by historical standards

28% - The percent of homeowners that are “underwater” according to Zillow. Deutsche Bank predicts this figure will be over 45% within a year…’

United States tipped to lose another AAA credit rating Reuters | Either from Moody’s or Fitch.

Can The Hope Rally Continue? [ Short answer: NO! ]

Is the US Economy in a Recession? thetechnicaltake : 10/14/2011 ‘A simple indicator constructed from readily available data is suggesting with great certainty that the US economy is already in a recession…’

ECRI Recession Watch: Growth Index Drops Further http://advisorperspectives.com/dshort/updates/ECRI-Weekly-Leading-Index.php Doug Short 10-21-11 ‘The Weekly Leading Index (WLI) growth indicator of the Economic Cycle Research Institute (ECRI) has now posted 11 consecutive declines since early August. The interim high of 8.0 was set in the week ending on April 15. The latest reading, data through October 14, is -10.1, down from the previous week's -9.7.

On September 30th, the ECRI publicly announced that the U.S. is tipping into a recession, a call the Institute had announced to its private clients on September 21st.

Early last week, ECRI notified clients that the U.S. economy is indeed tipping into a new recession. And there's nothing that policy makers can do to head it off.

ECRI's recession call isn't based on just one or two leading indexes, but on dozens of specialized leading indexes, including the U.S. Long Leading Index, which was the first to turn down — before the Arab Spring and Japanese earthquake — to be followed by downturns in the Weekly Leading Index and other shorter-leading indexes. In fact, the most reliable forward-looking indicators are now collectively behaving as they did on the cusp of full-blown recessions, not "soft landings." Read the report here.

For a close look at this movement of this index in recent months, here's a snapshot of the data since 2000.

http://advisorperspectives.com/dshort/charts/indicators/ECRI-WLI-growth-since-2000.gif
Click for a larger image

Now let's step back and examine the complete series available to the public, which dates from 1967. The ECRI WLI growth metric has had a respectable record for forecasting recessions and rebounds therefrom. The next chart shows the correlation between the WLI, GDP and recessions.

http://advisorperspectives.com/dshort/charts/indicators/ECRI-WLI-growth-since-1965.gif
Click for a larger image

A significant decline in the WLI has been a leading indicator for six of the seven recessions since the 1960s. It lagged one recession (1981-1982) by nine weeks. The WLI did turned negative 17 times when no recession followed, but 14 of those declines were only slightly negative (-0.1 to -2.4) and most of them reversed after relatively brief periods.

Three other three negatives were deeper declines. The Crash of 1987 took the Index negative for 34 weeks with a trough of -6.8. The Financial Crisis of 1998, which included the collapse of Long Term Capital Management, took the Index negative for 23 weeks with a trough of -4.5.

The third significant negative came near the bottom of the bear market of 2000-2002, about nine months after the brief recession of 2001. At the time, the WLI seemed to be signaling a double-dip recession, but the economy and market accelerated in tandem in the spring of 2003, and a recession was avoided.

The question had been whether the WLI decline that began in Q4 of 2009 was a leading indicator of a recession. The published index has never dropped to the -11.0 level in July 2010 without the onset of a recession. The deepest decline without a recession onset was in the Crash of 1987, when the index slipped to -6.8. The ECRI managing director correctly predicted that we would avoid a double dip. The eight quarters of positive GDP since the end of the last recession supports the ECRI stance.

The Certainty and Dramatic Language of ECRI's New Recession Call

What is particularly striking about the ECRI's current recession call is the fervor and certainty of the language in the public press release:

"Here's what ECRI's recession call really says: if you think this is a bad economy, you haven’t seen anything yet. And that has profound implications for both Main Street and Wall Street."

I remain astonished at the complete absence of wiggle room in the announcement, nor have I seen any public communications from the ECRI to qualify or soften its recession call. ECRI has put its credibility on the line. If the U.S. avoids a recession, ECRI's reputation will be permanently damaged.

The WLI Versus Other Macroeconomic Indicators

For additional perspective on the performance of this indicator, see Comparing the ECRI Weekly Leading Index with Two Key Competitors, which highlights the curious behavior of the WLI following the 2008 Financial Crisis. The chart below is an overlay of the three since 2000. Note: I have divided the ECRI WLI by 10 to display on a single vertical axis with the other two indicators.

http://advisorperspectives.com/dshort/charts/indicators/ADS-CFNAI-WLI-overlay-since-2000.gif
Click for a larger image

The ECRI Weekly Leading Index appears to be more sensitive to upturns than either the Philly Fed's ADS Business Conditions Index (ADS) or the Chicago Fed's Current Activity Index. In fact, it has oscillated in a pronounced fashion since the 2009 recession trough:

Its peak in 2009, interim low in 2010 (which the Institute firmly stated was not a recession signal),

the interim high in April 2011,

and the current reading, which the Institute has identified as a recession flag.

The ECRI Weekly Leading Index will be fascinating to watch in the months to come. On Monday of next week we will have an opportunity to see if the Chicago Fed's National Activity Index is beginning to support the ECRI call. And on Thursday we will have the Advance Report on Q3 GDP.’

An Unprecedented 26 Million Americans Are Now Underemployed Business Insider | The number of underemployed individuals—rose for a third consecutive month in September, by almost a half of a million people.

Earnings forecasts look less bright NEW YORK (Reuters) - Prospects for corporate earnings are dimmer in the coming quarters -- even though reports so far this quarter have been relatively bright. [ Relatively bright? Only because most are not relatively bright having failed to yet ‘catch on’ to this nation-debilitating, but wall street favored defacto fraud. The ‘miracle’ of ‘funny money’ wherein the ‘debased currency strategies’ (ie., QE’s, etc.) among other accounting manipulations lead to ie., costs reported in ‘more valuable but fewer dollars’ and sales / revenues reported in debased dollars (simply more of them, but no real value created, profits overstated in real terms). ]

Dave’s Daily: http://www.etfdigest.com ‘The above image displays quotes per second coming from HFT (High Frequency Trading) systems http://www.etfdigest.com/images/stories/davesdaily/1866/image002.jpg http://www.etfdigest.com/images/stories/davesdaily/1866/image002.jpg . The two graphs display action towards the close of trading Friday. The upper graph shows action of “algos” per second while the bottom the number of HFT quotes per second over a three minute time period with colors for each exchange. The lower graph displayed nearly 300 quotes per second—got that? Perhaps only a small fraction of these are real trades with the others being just bids and offers designed to stimulate program trading algorithms. This is posted because nearly 70% of all volume and trades on the NYSE for example are program trades with HFTs now dominant. The above comes courtesy of HFT Alert which is a program investors may purchase to monitor this activity. Their homepage is HERE and we’ll be doing a two part video podcast with them next week which should explain how all this works, why you should care and perhaps how you can use it. HFT action may be away from the news of the day so let’s get to it. Stocks rallied sharply marking three straight weeks of gains. Much of the gains stemmed from earnings, hopes for a euro fix and late comments from Janet Yellen. Earnings news continued to flow Friday with good results from fast food outlets McDonalds (MCD) which was helped by stronger sales in Europe boosted by the euro and Chipotle (CMG) whose stock soared 8%.  I guess fast food is the big deal now which strikes me as an odd reason to rally stocks overall. Perhaps people find it cheaper to buy and eat junk food than cook in their McMansions. Mostly panned were earnings from General Electric (GE) as their core utility business had slowed and Microsoft (MSFT) which seems just a utility-like company. But, strong earnings and stock price gains were reported from some tech companies like SanDisk (SNDK), Altera (ALTR) and Seagate (STX). European optimism sprang from hopes the EU would save itself if for no other reason than because it must. The weekend features serious meetings to structure a working plan (again…sigh) which we’re told should lead to a vote on Wednesday. There are enough stories and rumors that are positive and negative. Even the most positive rumor leaves a “fix” with a $1 trillion shortfall. Will the IMF and U.S. fill the void? Good grief!! Late in the trading day the Fed threw more gas on the bulls’ fire with Fed Vice-Chairman Janet Yellen discussing the possibilities of QE3 if the economy doesn’t perk-up. This would be controversial while reinforcing how all-in the Fed is with its Keynesian policies. It’s that if at first you don’t succeed, try, try, and try…again policy since they have nothing else. QE2 accomplished what? A phony stock market rally which pleased the Fed but once ended reality hit home as the safety net was removed. Gold rallied to recover most of the losses from previous sessions as the dollar weakened once again in anticipation of an EU fix. The Japanese yen rose to record high and the BOJ won’t like this one bit. As stocks rose naturally bonds fell and commodity prices rose. Volume was about average for recent trading periods and breadth per the WSJ was quite positive.’

Banks closed in Colo, Fla, Ga; 84 failures in 2011 AP 9:14 pm EDT

With Some Hope In Europe, Time To Go Short? Forbes  Steve Schaefer, Forbes Staff ‘European leaders are gathering Sunday and Wednesday in meetings aimed at hashing out an expansion of the region’s bailout fund and recapitalizing banks, but with expectations for a solution rising the risk of a less-than-comprehensive plan rattling markets may be growing.

The S&P 500 has shot up more than 100 points in October, closing at 1,238 Friday, and to trader Seth Setrakian the move is akin to putting the cart before the horse. Setrakian, co-head of equities at proprietary trading firm First New York Securities, called the looming announcement of Europe’s big plan “a classic sell the news” and fully expects to be selling ahead Monday through Wednesday ahead of the second meeting even if the market rallies.

“The bar is set too high,” he believes, arguing that even if the market rallies on a deal being reached, the implementation of whatever resolution plan is adopted will be cumbersome and ultimately amount to “solving a problem of debt with more debt.” When the market realizes that, October’s 9.5% gain to date could unravel in a hurry.

The recent stage in the too-rapid rise to current levels is largely a result of short-covering and investors who missed the initial stage of the recovery jumping on board. The shame of it, Setrakian says, is that “America is not a bad place to invest” without the overhang of a potential dislocation stemming from Europe.

Even if the U.S. economy grows at a meager pace, or even contracts slightly, the profitability of corporate America and the ultra-low level of interest rates make for a constructive equity environment absent the risk of a European meltdown.

Setrakian points to the start to earnings season, which has been OK. Companies trading near 52-week highs coming into the season have been hurt by misses – like Apple, which fell short of consensus by a quarter – but those that were closer to 52-week lows – Travelers for example– have been rewarded even without eye-popping results. Then you have the McDonald’s’ of the world, which come into earnings near their highs of the year then post a big number to extend the gains. (See “Earnings Season: Solid Start Despite Whiffs From Apple, Goldman.”)

Looking ahead to next week, Setrakian says he is keeping an eye on industrials, which in some cases have been priced for recession.

A company like Caterpillar for instance, due to report Monday, could come under pressure if the broader market sells off, but the assumptions built in for earnings are not high and at Friday’s $87.39 close the stock is closer to its 52-week low of $67.54 than the high of $116.55.

Above all hangs Europe though, and even if the policy that Germany’s Angela Merkel and France’s Nicolas Sarkozy come up with sounds good on its surface, “the market will test it very quickly,” Setrakian says. “If they drop the ball – and I think they fumble – the market could pull back 7-8%” What then? Well by then there may be a whole new complicating factor: the U.S. deficit reduction Supercommitttee, which is on the clock to have its plan ready by Nov. 23.’

Student Loan Bubble To Exceed $1 Trillion: “It’s Going To Create A Generation Of Wage Slavery” And Another Taxpayer Bailout Zero Hedge | Student loans are set to surpass $1 trillion in total notional for the first time in history.

EU Trying to Borrow Its Way Out of Debt ETFguide.com [ Yeah … you really don’t have to be a financial genius to sense the folly in such a scenario / stratagem. What’s really going on with these ‘hopium’ HFT commissioned computer programmed algo rallies is fraudulent wall street’s hope for sufficient taxpayer funds (as last crisis) to enable them to unload their positions / ‘hot potatoes’ at the most favorable prices for them, despite the absence of real, fundamental value therein. Don’t forget, with complicit legislative help from Washington, the worthless paper / securities / toxic assets are now marked to anything as per misguided and (‘ facilitatively’) fraudulent legislated FASB rule change. ]

SPX Update: Don't Get Suckered by the Head-Fake Breakout

6 Reasons a Global Recession is Unavoidable ETFguide.com Ron DeLegge, Editor October 5, 2011 ‘Most economists and Wall Street types are reluctant to publicly admit the global economy is in a recession. Their reams of conflicting data are sending mixed messages. But an honest look at key events and the behavior of financial markets solidifies the view that the global recession we're probably already in, is unavoidable. Let’s analyze some of the reasons behind this.

1) The Fed is out of tricks. When it comes to manipulating financial markets in the name of economic security, nobody matches the Federal Reserve’s prowess. Over the past few years, the Fed has engaged in financial gimmickry of such epic proportions that angry calls for ending its existence have been voiced from sea to shining sea. The Fed’s Treasury purchases (POMO) and monetization of debt (quantitative easing), may have delayed the reckoning day, but have these programs really solved America’s long-term problems? The Fed’s latest shift from short-term to long-term debt (Operation Twist) is tantamount to taking money from your right hand pocket and putting it into your shirt pocket. The Fed is running out of time and out of tricks. Ben Bernanke has finally admitted what the general public has known all along; the job situation is a “national crisis.”

2) Stock market says we’re already in a recession.The National Bureau of Economic Research (NBER) and its leading economists still deny the U.S. economy is in a recession. Apparently, their slide rulers haven’t yet confirmed it, so they need a few more quarters before issuing a press release. Meanwhile, the stock market, which is a leading indicator of economic activity, is screaming “recession.” Large company stocks within the S&P 500 (NYSEArca: SPY) have fallen almost 18% since July. Bulls argue this is still shy of the 20% threshold that confirms a bear market, but even so, mid cap stocks (NYSEArca: MDY) and small caps (NYSEArca: IWM) have already entered bear territory. Today’s stock prices reflect expectations about future earnings, which in turn are connected to the future state of the economy. Expectations are rightfully low.

3) Greece has set the tone for Europe (and maybe the rest of the world).How many financial targets will Greece continue to miss before forecasters stop regurgitating its false numbers? When will Greece stop embarrassing itself with financial projections it knows aren’t true? Greece’s 2011 deficit was projected to be 8.5% of its GDP but came in almost €1.69 billion above its original targets. Next year, Greece is aiming for a deficit that’s 6.8% of GDP. With the country engulfed in civil protests, job strikes and general chaos – how realistic are its 2012 projections? Financial bets for Greece to succeed are a long-shot. The country’s economic projections are no longer based upon realistic assumptions, but hopes for garnering more bailout money and calming hostile markets. Ultimately, Greece is merely a reflection of the entire EU region – a place where financial aspirations don’t match reality.

4) Bear funds are leading performers.The two-year period from March 2009 to March 2011 was a difficult existence for bear market funds. After bottoming at decade lows, the stock market skyrocketed and bear funds got clobbered.  But not anymore. Bear funds are investments that, by design, increase in value when the underlying benchmarks they track decline. Now with the stock market swooning, bear funds are posting huge gains. Over the past three months, Direxion’s 3x daily leveraged bear ETFs for large cap stocks (NYSEArca: BGZ) is ahead by 42.97%, mid cap stocks (NYSEArca: MWN) is up 58.30% and small caps (NYSEArca: TZA) is up by 49.76%. Reversing this ominous trend, especially when key technical levels have been pierced, won’t be easy.

5) Major asset classes are in correlation.During a bear market, the correlation between asset classes typically jumps and this is exactly the case right now. Over the past few months, commodities (NYSEArca: GCC), global real estate stocks (NYSEArca: RWO), precious metals (NYSEArca: GLTR), international stocks (NYSEArca: EFA), and U.S. stocks (NYSEArca: SCHB) have all moved in the same general direction by recording sizable losses. Even gold (NYSEArca: IAU) and silver (NYSEArca: SLV), which previously escaped the wrath of losses, have joined the party. And only cash and bonds (NYSEArca: AGG) are bucking the correlation trend. 

6) Pace of sovereign downgrades is accelerating.We don’t advocate putting implicit faith in credit ratings, because history has taught us they are nothing more than financial opinions and frequently, not very accurate ones. Still, a gander at the latest downgrading trend is troublesome. Intuitive observers will note, this is not an isolated phenomenon, but a global trend. Sovereign debt from Greece and Portugal, after several downgrades, is now rated junk. Ireland has been downgraded and Italy was just downgraded by Moody's to A2 with a negative outlook. Japan, along with U.S. debt was lowered in August and another wave of more downgrades is coming, so get used to it. 

Conclusion
Investing in an economically stifled climate requires patience, diligence, and forethought. Following the herd mentality guarantees nothing more than mediocrity and making kneejerk financial decisions is an excellent way to lose money. ETFguide’s Profit Strategy ETF Newsletter continues to advocate a fiercely independent view of world events, financial markets, and the proper allocation of money. Ultimately, having an investment strategy that can perform during any kind of market is a good start. ‘

How To Avoid Bubble Trouble The Wall Street Journal

Market Recap: Markets Rally on EU Resolution Expectations, US Inks Free Trade Deals Wall St. Cheat Sheet [Resolution expectations rally stocks, and for the umpteenth time; yet, said ‘resolution’ purports to resolve the irresolvable; see, ie., Four Facts that PROVE the EFSF Doesn’t Matter… At All Phoenix Capital 10/20/2011Four Facts that PROVE the EFSF Doesn’t Matter… At All - ‘.. And those investors who get suckered into betting this mess will work out well are very likely going to lose everything. The impact of the fallout from this will make 2008 look like a joke. The EU is the largest economy in the world. So if its banking system collapses (and it will) we’re facing a full-scale Global financial meltdown (the IMF has even warned of this)…’ , S&P sees downgrade blitz in EMU recession, threatening crisis strategy Oct 20th, 2011 News By Ambrose Evans-Pritchard (The Telegraph) , Student Loan Bubble To Exceed $1 Trillion: "It's Going To Create A Generation Of Wage Slavery" And Another Taxpayer Bailout Durden ‘..All we need to do is teach people that Washington D.C. and Wall Street are now the same corrupt entity.  They are one gigantic rogue trader sucking the lifeblood out of America..’ , The Coming Derivatives Crisis That Could Destroy The Entire Global Financial System The Economic Collapse , The REAL $200 TRILLION Problem Bernanke’s Worried About Phoenix Capital... ‘US Commercial banks have $200 TRILLION in interest rate based derivatives sitting on their balance sheets. And guess which banks have the greatest exposure…’, Dead Stocks Walking smartmoney.com , Unthinkable Poised to Happen on Wall Street. See Disturbing Charts. (Moneynews) http://w3.newsmax.com/a/aftershockb/video.cfm?PROMO_CODE=CD97-1 , http://www.stansberryresearch.com/pro/1108PSI9MOVD/PPSIMA06/PR , 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge | By now everyone has had a chance to play with the US debt clock. But what about its global cousin? America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’

Four Facts that PROVE the EFSF Doesn’t Matter… At All Phoenix Capital 10/20/2011Four Facts that PROVE the EFSF Doesn’t Matter… At All [ The Reality, infra ‘.. And those investors who get suckered into betting this mess will work out well are very likely going to lose everything. The impact of the fallout from this will make 2008 look like a joke. The EU is the largest economy in the world. So if its banking system collapses (and it will) we’re facing a full-scale Global financial meltdown (the IMF has even warned of this)…’ ]‘It’s time to settle the debate regarding Europe’s banking system. I know that the mainstream media keeps talking about another round of bailouts or an expansion to the Emergency Financial Stability Facility (EFSF) as though these things matter.But the reality is… they don’t. Europe’s problems go WAY beyond Greece’s debt. And the entire European banking system is primed for a systemic collapse.

Consider the following four facts:

FACT #1: Europe’s entire banking system is leveraged at 25 to 1.

This is nearly two times the US’s leverage levels. With this amount of leverage you only need a 4% drop in asset prices to wipe out ALL equity. These are literally borderline-Lehman levels of leverage (Lehman was 30 to 1).Mind you, these leverage levels are based on asset values the banks claim are accurate. Real leverage levels are in fact likely much MUCH higher.

 KA-BOOM.

FACT #2: European Financial Corporations are collectively sitting on debt equal to 148% of TOTAL EU GDP.

Yes, financial firms’ debt levels in Europe exceed Europe’s ENTIRE GDP. These are just the financial firms. We’re not even bothering to mention non-financial corporate debt, household debt, sovereign debt, etc.Also remember, collectively, the EU is the largest economy in the world (north of $16 trillion). So we’re talking about over $23 TRILLION in debt sitting on European financials’ balance sheets.Oh, I almost forgot, this data point only includes “on balance sheet” debt. We’re totally ignoring off-balance sheet debt, derivatives, etc. So REAL financial corporate debt is much MUCH higher. 

KA-BOOM.

FACT #3: European banks need to roll over between 15% and 50% of their total debt by the end of 2012.

That’s correct, European banks will have to roll over HUGE quantities of their debt before the end of 2012. Mind you, we’re only talking about maturing debt. We’re not even considering NEW debt or equity these banks will have to issue to raise capital.

Considering that even the “rock solid” German banks need to raise over $140 BILLION in new capital alone, we’re talking about a TON of debt issuance coming out of Europe’s banks in the next 14 months.

And this is happening in an environment prone to riots, bank runs, and failed bond auctions (Germany just had a failed bond auction yesterday).

 KA-BOOM

FACT #4: In order to meet current unfunded liabilities (pensions, healthcare, etc) without defaulting or cutting benefits, the average EU nation would need to have OVER 400% of its current GDP sitting in a bank account collecting interest.

This last data point comes from Jagadeesh Gokhale, Senior Fellow at the Cato Institute, former consultant to the US Treasury, and former Senior Economic Advisor to the Federal Reserve Bank of Cleveland.

This is a guy who’s worked at a very high level on the inside studying sovereign finance, which makes this fact all the more disturbing. And he knew this as far back as January 2009!!!

Folks, the EFSF, the bailouts, China coming to the rescue… all of that stuff is 100% pointless in the grand scheme of things. Europe’s ENTIRE banking system (with few exceptions) is insolvent. Numerous entire European COUNTRIES are insolvent. Even the more “rock solid” countries such as Germany (who is supposed to save Europe apparently) have REAL Debt to GDP ratios of over 200% and STILL HAVEN’T RECAPITALIZED THEIR BANKS.

Again, it DOES NOT matter what Sarkozy and Merkel say. It doesn’t matter how much leverage the EFSF gets. Europe is broke. End of story. And those investors who get suckered into betting this mess will work out well are very likely going to lose everything. The impact of the fallout from this will make 2008 look like a joke. The EU is the largest economy in the world. So if its banking system collapses (and it will) we’re facing a full-scale Global financial meltdown (the IMF has even warned of this). That’s the reality of the situation we’re in today. I know nobody likes to publicly admit it. But it’s true.What happened in 2008 was literally just the warm up. The REAL DEAL is coming in the next 14 months. And it’s going to involve corporate, financial, and sovereign defaults.On that note, if you’re looking for specific ideas to profit from this mess, my Surviving a Crisis Four Times Worse Than 2008 report can show you how to turn the unfolding disaster into a time of gains and profits for any investor.

Within its nine pages I explain precisely how the Second Round of the Crisis will unfold, where it will hit hardest, and the best means of profiting from it (the very investments my clients used to make triple digit returns in 2008).

Best of all, this report is 100% FREE. To pick up your copy today simply go to: http://www.gainspainscapital.com and click on the OUR FREE REPORTS tab.

Good Investing!

Graham Summers

PS. We also feature four other reports ALL devoted to helping you protect yourself, your portfolio, and your loved ones from the Second Round of the Great Crisis. Whether it’s my proprietary Crash Indicator which has caught every crash in the last 25 years or the best most profitable strategy for individual investors looking to profit from the upcoming US Debt Default, my reports covers it.

And ALL of this is available for FREE under the OUR FREE REPORTS tab at: http://www.gainspainscapital.com.

· The Next Lehman: Bank of America is on the verge of a collapse. Each minute that ticks by brings it closer to becoming the Lehman Brothers event of this Crash. How do we know? Its financials are horrifying and it's been hit with a $31 billion dollar lawsuit. It's in worse shape than it was in 2008 - when it just barely survived.

· Europe Is Collapsing: Most every European stock market is gasping for life right now. European banks are in free fall. Germany is facing internal revolt and won't even be able (or willing) to back up any bailouts. And Greece has entered the final stages for its financial system -- the markets are pricing in a near 100% certainty of Greek debt default. This will ultimately kill Europe as we know it today.

· The US Debt Catastrophe: We just blew out our debt ceiling again. Yes, just after the last desperate extension was passed (and the US credit rating was downgraded to great fanfare). And the US economy remains a disaster with more and more Americans losing jobs and then falling off the unemployment numbers. No jobs = no recovery in sight. Our leaders have no plan but to pass more and more intrusive, ineffective legislation.

· The Myth of the Market Saviour: QE 3 won't solve this mess no matter how cleverly it's disguised (or trumpeted from the rooftops). The Fed spent $900 billion and nearly one year to prop up the markets -- and we've wiped out all those gains in just one summer month. As for China, how did their support of the Euro go earlier this year? Or the recent multiple central bank intervention to prop up the global markets? They're all clueless about plugging the growing leaks on a very large Titanic.

To be blunt, the financial system is in greater danger of systemic collapse than at any point in history (including 2008). Do not be fooled by the recent rally we've just seen. Things are not okay! We saw rallies of 8%, 11% and even 17% during 2008. Investors who bought into them got taken to the cleaners…’

The Coming Derivatives Crisis That Could Destroy The Entire Global Financial System The Economic Collapse | Most people have no idea that Wall Street has become a gigantic financial casino.

America must manage its decline http://www.ft.com/cms/s/0/0c73f10e-f8aa-11e0-ad8f-00144feab49a.html#axzz1bJWdBAUG By Gideon Rachman October 17, 2011 ‘Recently I met a retired British diplomat who claimed with some pride that he was the man who had invented the phrase, “the management of decline”, to describe the central task of British foreign policy after 1945. “I got criticised,” he said, “but I think it was an accurate description of our task and I think we did it pretty well.”No modern American diplomat – let alone politician – could ever risk making a similar statement. That is a shame. If America were able openly to acknowledge that its global power is in decline, it would be much easier to have a rational debate about what to do about it. Denial is not a strategy…’

Full moon October 10-14, 2011 … I’ve examined the weekly results for the global markets … Conclusion: The global euphoria, irrational exuberance in the financial markets worldwide, courtesy of the blazing full moon October 10-14, 2011 ; and yes, the lunacy once the exclusive province of fraudulent wall street is now a global phenomenon (10th near full beginning, 14th near full ending).

Fed should adopt GDP target, Goldman says Oct 17th, 2011 News (MarketWatch) — PG View: ‘Yes, it does indeed seem that “inflation as a solution” is gaining traction. I say tom-a-to, you say tom-ah-to. I say inflation targeting, you say GDP targeting. Whatever you call it, it’s synonymous with dollar devaluation and you best be saving in something other than dollars if you hope to come out the other side unscathed.’ …’The Federal Reserve should target the level of gross domestic product, Goldman Sachs economists said ahead of a wave of speeches from central bank officials.In a note published Friday night, Goldman Sachs said the best way for the central bank to loosen policy significantly further would be to target a GDP path, and commit to using more asset purchases to achieve that path.“While a shift to a nominal GDP level target would be a big decision, it would be consistent with the Fed’s dual employment and price mandate,” the economists wrote.[source] PG View: [Talk about self-serving disingenuity that along with their frauds, goldman’s come to be known for! Goldman, like the lunatics at salomon brothers should be out of business and vigorously prosecuted; having in large part helped create this crisis which continues with their dollar debased HFT’s. (‘Salomon Brothers' success and decline in the 1980s is documented in Michael Lewis' 1989 book, Liar's Poker. Lewis went through Salomon's training program and then became a bond salesman at Salomon Brothers in London.’Wikipedia. Acquired by Travelers / Citi. ] A timely position taken by Goldman Sachs in light of the inflation piece written by John Mauldin on Saturday. Yes, it does indeed seem that “inflation as a solution” is gaining traction. I say tom-a-to, you say tom-ah-to. I say inflation targeting, you say GDP targeting. Whatever you call it, it’s synonymous with dollar devaluation and you best be saving in something other than dollars if you hope to come out the other side unscathed.’

Can “It” Happen Here? Oct 17th, 2011 News By John Mauldin15-Oct (JohnMauldin.com) — I was inspired for this week’s letter by a piece by Art Cashin (whom I will get to have dinner with Monday). His daily letter always begins with an anecdote from history. Yesterday it was about Weimar, told in his own inimitable style. So without any edits, class will commence, with Professor Cashin at the chalk board.[Cashin's recounting of the nightmare German inflation, which we posted last week.]…”We know that the world is drowning in too much debt, and it is unlikely that households and governments everywhere will be able to pay down that debt. Doing so in some cases is impossible, and in other cases it will condemn people to many hard years of labor in order to be debt-free. Inflation, by comparison, appears to be the easy way out for many policy makers.“Companies and households typically deal with excessive debt by defaulting; countries overwhelmingly usually deal with excessive debt by inflating it away.…But now even serious economists are recommending inflation as a solution. Given the powerful deflationary forces in the world, inflation will stay low in the near term. This gives some comfort to mainstream economists who think we can create inflation to solve the debt problem in the short run.[source]PG View: Another great and comprehensive piece by Mauldin on the threat of hyperinflation. Even though Mauldin believes that an independent Fed, mandated to keep inflation in check, will prevent the unthinkable…what if he’s wrong? He cites an “ill-conceived” proposal by Financial Services Committee ranking member Barney Frank that could severely impede the Fed’s independence as a reason for concern. But even if Mauldin is correct, and inflation of the magnitude needed to meaningfully reduce our oppressive debt burden is never unleashed, it means that that very debt burden is going to be an interminable head-wind to economic growth and job creation. We are truly caught between Scylla and Charybdis.

Is Anyone Dumb Enough to Believe that Obama Supports the 99%? George Washington : 10/17/2011 - Obama Pretends He Supports the 99% … But He’s a Wolf In Sheep’s Clothing [ Point well made! Despite his near legendary rhetoric (aka b***s***), his near legendary actions (aka dismal failure) have belied same. He’s so pathetic he’s become a cliché, a joke for typical political b***s*** and is a total embarrassment! Even more embarrassing are those who continue to cheer his opportunist b***s***! ]

'Fear Gauge' Marches Higher: TVIX Biggest Gainer With 17% Rise Barrons.com 

French Banks Can Set Off Contagion That Will Make Central Bankers Long For The Good 'Ole Lehman Collapse Days! : Reggie Middleton : 10/17/2011 - 13:46 ‘Due to the rampant misinformation and disinformation (please recognize and appreciate the distinct difference) being bandied about, I've decided to run the #s 1 more time and put it right here in...’

Balance Of Fundamentals Will Continue To Weigh On Market http://thestockreporter.com/balance-of-fundamentals-will-continue-to-weigh-on-market ‘…Let us review six key fundamental factors as well as the technical panorama:

1. Sovereign debt and financial crisis in Europe.

2. Economic growth momentum in the USA and prospect of “double dip.”

3. Corporate earnings reports and guidance in the USA

4. Fiscal policy in the USA.

5. US monetary policy.

6. Global growth, with particular emphasis on China.

7. Technical factors…’

Marketwatch.com Regulators on Friday closed banks in Georgia, North Carolina, New Jersey and Illinois, pushing this year’s national tally of collapsed banks to 80.  The Federal Deposit Insurance Corp. said the Georgia Department of Banking and Finance closed Piedmont Community Bank in Gray, Ga., the state’s 20th failure of the year. State Bank and Trust Co. of Macon, Ga., will assume all of Piedmont’s deposits, the agency said. http://www.marketwatch.com/story/us-bank-failures-climb-to-80-in-2011-20...

US budget gap widens, tops $1 trln for 3rd year Reuters | Above $1 trillion for third straight year and providing fodder for political battle over taxes and spending.

ECRI Recession Watch: Growth Index Declines Further http://www.bullseyemicrocaps.com/?p=11699 By Doug Short: The Weekly Leading Index (WLI) growth indicator of the Economic Cycle Research Institute (ECRI) has posted 10 consecutive declines since early August. The interim high of 8.0 was set in the week ending on April 15. The latest reading, data through October 7, is -9.6, down from the previous week’s -8.7.

On September 30th, the ECRI publicly announced that the U.S. is tipping into a recession, a call the Institute had announced to its private clients on September 21st.

Early last week, ECRI notified clients that the U.S. economy is indeed tipping into a new recession. And there’s nothing that policy makers can do to head it off.

ECRI’s recession call isn’t based on just one or two leading indexes, but on dozens of specialized leading indexes, including the U.S. Long Leading Index, which was the first to turn down — before the Arab Spring and Japanese earthquake — to …’

US to Experience Stagflation Worse Than 1970s: Jim Rogers CNBC | The U.S. economy is likely to experience a period of stagflation worse than the 1970s.

Jeff Applegate: Not Sheepish About Turning Bearish The Wall Street Journal  Jonathan Cheng ‘Last week was a tough time to turn bearish. Since hitting a bottom on Tuesday, the Dow Jones Industrial Average has jumped by 11% in less than two weeks, raising hopes among some investors that the U.S. and Europe may be able to power through their summertime woes.

Not for Jeff Applegate.

Mr. Applegate, the 61-year-old chief investment officer of Morgan Stanley Smith Barney, last week made his biggest bearish shift in more than two years, battening down the hatches and reducing his exposure to stocks, high-yield bonds, commodities and real-estate investment trusts.

Mr. Applegate argues that the world is heading into recession, hurt by political paralysis that has added uncertainty while withholding stimulus at a time of weakness. And the past few days’ rally, fueled by progress on a European bailout and an encouraging U.S. jobs number, has done little to change his mind.

“We’re seeing a relief rally in global equities in recent days, but at the end of the day, we think if Europe is heading into recession — which I think they are — and if the U.S. is heading into recession — which I think we are — then there’s more downside in equities,” Mr. Applegate said.

After a strong start to the year, U.S. stocks wavered in the summer as Europe’s debt crisis intensified. Stocks tumbled further in August as the worries spread to the U.S. economy, sending the Dow to a one-year low last week. But as the economic data showed tepid signs of improvement, a number of investors and traders have begun to argue that the stock-market may have turned a corner.

Mr. Applegate said the Global Investment Committee he runs at MSSB, which meets as many as 20 times a week but makes only very infrequent changes to its positioning, didn’t come to the conclusion lightly.

Two and a half years ago, Mr. Applegate began shifting to a more aggressive position, benefiting from the major U.S. stock indexes’ 70% increase off its the March 2009 trough. While he says there was “no single event” that tipped the balance this time around, Mr. Applegate’s pessimism is based on well-known concerns: the ongoing debt crisis in Europe, fears of a “double dip” recession in the U.S. and concerns about central bankers’ ability to support the wavering global economy.

“The policy action being taken, both in Europe and the U.S., is too little, too late,” he says.

Mr. Applegate doesn’t rule out a comprehensive plan to prevent a European banking crisis, but he worries that Europe’s economy may nonetheless falter — particularly as the European Central Bank holds interest rates steady after several increases earlier this year.

“Europe will avoid a Greek default, but what we ware saying is that they’re heading into recession anyway,” he said. “The European economy wasn’t exactly robust to begin with, and it’s hard to see how it’s going to get better.”

To be sure, Mr. Applegate concedes that the economic picture could gradually improve, “in which case our call is going to be incorrect.”

“We’re sifting through the evidence all the time, so if it looks like we’ve got it wrong, we’ll need to change our course,” he said.

Mr. Applegate says he isn’t bothered by the market’s recent 11% run-up.

“We have always said that we never try to time the market, and we don’t,” he said, adding that his committee is flexible enough to reverse course — or even turn more bearish if economic conditions deteriorate more than he fears. “We could still get more defensive,” he said.’

Double-Dip Recession a Foregone Conclusion: Roubini Oct 11th, 2011 News (CNBC) — The world’s advanced economies are headed for a second recession, regardless of whether there is further chaos in Europe, Nouriel Roubini told CNBC on Tuesday. The economist who correctly predicted the 2008 financial crisis, but has got some other bearish calls wrong, said his reading of recent data suggested the U.S., euro zone and the UK are already on the verge of falling into a recession in the next quarter or two.“The question is not whether or if there is going to be a double dip, but whether it’s going to be mild or severe with another financial crisis,” Roubini told CNBC on the sidelines of the World Knowledge Forum in Seoul. “The answer on that depends on the euro zone.”According to Roubini, a disorderly situation in Europe caused by a sovereign debt default, a banking crisis or an exit of one of the members from the euro zone, would be a shock more severe than the collapse of Lehman Brothers. He added that Europe had to get its act together and “do the right thing” by the G20 meeting in Cannes in the first week of November.[source]

The REAL $200 TRILLION Problem Bernanke’s Worried About Phoenix Capital... : 10/12/2011 – ‘US Commercial banks have $200 TRILLION in interest rate based derivatives sitting on their balance sheets. And guess which banks have the greatest exposure? Phoenix Capital Research on 10/12/2011

Ben Bernanke

CDS

default

Federal Reserve

Greece

I’ve stated before that Bernanke isn’t interested in interest rates for employment of economic purposes. We now have definitive proof this is the case.

http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-4_0.png

 As you can see, interest rates have actually RISEN after the announcement of QE lite, QE 2 AND Operations Twist #2.The evidence is clear, QE has not lowered interest rates. Indeed, the only time rates FELL in the last two years was when the Fed WASN’T engaged in QE (May 2010-August 2010 and June 2011-September 2011).So what gives? Does the Federal Reserve not have a stockcharts account? Don’t tell me that with the TRILLIONS spent bailing out banks the Fed can’t afford to print a couple hundred bucks to see Treasury yields. Heck, there are plenty of FREE sources for Treasury charts.Jokes aside, it’s clear the Fed is engaged in QE for another reason or reasons. I believe they are:

#1) To absorb the insane debt issuance to permit the US’s massive deficit.

#2) To keep the interest rate based derivative market in check.

Regarding #1, it’s no surprise that the US has been running a deficit that would make Greece proud. Indeed, the primary strategy of the powers that be since the Great Crisis began in 2008 was to attempt to make up for the sharp downturn in the private sector by spending obscene amounts of money.The Fed played a big part in this.  Indeed, since QE 1 was announced the Fed has bought over $1.2 TRILLION in Treasuries. The Fed claims it isn’t funding the deficit directly. That’s only partially correct. The Fed is supposedly buying old Treasuries from the banks. However, the definition of “old” can mean one or two weeks.Tell me with a straight face that isn’t somehow buying new Treasuries.As for the derivatives situation or #2 in my list above, 82% of the $244 TRILLION in derivatives sitting on US commercial bank balance sheets are based on interest rates. Put another way…US Commercial banks have $200 TRILLION in interest rate based derivatives sitting on their balance sheets. And guess which banks have the greatest exposure?

http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/top%20four.gif

Looks a lot like the list of the VERY banks the Fed has been giving the most money/ preferential treatment to. Coincidence? Nope. This is the $200 TRILLION problem Bernanke’s so worried about. It’s THE reason he keeps funneling money to the TBTFs.And he WILL lose control of it, just as he did in 2008.Consider that Financial leverage levels today are higher than during the Tech Bubble. Only this time, the problem will be far FAR worse.Why?Because 2008 was caused by the Credit Default Swap (CDS) market which was $50-60 trillion at the time. As I stated before, the interest-rate based derivative problem is $200 TRILLION in size.Even if only 4% of this is “at risk” and 10% of that “at risk” money blows up, you’ve STILL pretty much wiped out the equity at the TBTFs.You think Bernanke might be worried?On that note, if you have yet to prepare yourself for what’s coming, now is the time to do so. Whether it’s by moving to cash and bullion, opening some shorts, or simply getting out of the markets altogether, now is the time to be preparing for what’s coming (remember, stocks took six months to bottom after Lehman… and that was when the Fed still had some bullets left to combat the collapse).And if you’re looking for specific ideas to profit from this mess, my Surviving a Crisis Four Times Worse Than 2008 report can show you how to turn the unfolding disaster into a time of gains and profits for any investor.Within its nine pages I explain precisely how the Second Round of the Crisis will unfold, where it will hit hardest, and the best means of profiting from it (the very investments my clients used to make triple digit returns in 2008).Best of all, this report is 100% FREE. To pick up your copy today simply go to: http://www.gainspainscapital.com and click on the OUR FREE REPORTS tab.Good Investing!Graham Summers PS. We also feature four other reports ALL devoted to helping you protect yourself, your portfolio, and your loved ones from the Second Round of the Great Crisis. Whether it’s my proprietary Crash Indicator which has caught every crash in the last 25 years or the best most profitable strategy for individual investors looking to profit from the upcoming US Debt Default, my reports covers it. And ALL of this is available for FREE under the OUR FREE REPORTS tab at: http://www.gainspainscapital.com.’

Europe eyes bigger Greek losses for banks

Markets Are Dealing With a Foreboding Financial Backdrop Minyanville  Lee Adler Oct 12, 2011 ‘Tracking the Fed, Treasury, primary dealers, foreign central banks, money supply, and other key elements of US market liquidity to undertsand how markets are operating.

Two weeks ago I began to report that foreign central banks (FCBs) had begun to engage in unprecedented levels of disgorgement of their massive holdings of US Treasury and Agency paper. Prior to this year, the FCBs had typically absorbed the equivalent of 25% of new US Treasury issuance month in and month out. That was effectively a subsidy of US financial markets. It lowered long-term interest rates artificially and injected cash into the US markets and banking system.

Then about a year ago the FCBs began to slack off in their buying. In reality, that is what necessitated the Fed's program of Quantitative Easing. The Fed had to step in and fill the demand gap left by the FCBs gradually reducing their rate of purchases. Had the Fed not acted when it did, long-term Treasury yields would have started to rise and along with them mortgage rates and other long-term rates, something that the US economy and the US government simply could not afford.

When the negative unintended consequences of the Fed's QE money printing, primarily skyrocketing commodity prices, exploded in Ben Bernanke's face, he was forced to discontinue the program and allow the Treasury market to fend for itself. The Fed had convinced itself through its self-congratulatory in-house research, that there would be more than enough demand for Treasuries for the market to stand on its own without the Fed propping it up.

Ironically, the US bond market was rescued by the European sovereign debt and bank meltdown, so it appeared for a while that Dr. Bernanke might be right and his monster experiment would come to life on its own. The European panic triggered massive capital flight that ended up (where else?) flooding into the US, mostly into purchases of Treasuries. Not only could the monster walk on its own, it could actually fly! Once again the Treasury market benefited from an unusual subsidy, this one driven by fear. Bond prices flew into the stratosphere with yields sinking to record lows.

About six weeks ago, something changed. FCBs not only slowed their buying of Treasuries, they stopped altogether, reversed course and actually began selling them. Three weeks ago their selling reached a level that I characterized as "dumping." It was simply unprecedented. I opined that this could be the beginning of the end of the Treasury bull market, in spite of any effect that the Fed's new Operation Twist might have.

In fact, I expected that effect to be nil, and it has been. If anything, the announcement of Operation Twist, where the Fed offered to buy long-term Treasuries from the Primary Dealers while simultaneously selling them short-term paper, rang a bell for some investors. The Fed's announcement told them that the time had come to sell their long-term paper. If the Fed was buying, they decided that they would be glad to sell. Today, the yield on the 10-year Treasury note rose to 2.16%. That's up an astonishing 44 basis points since last Thursday's open.

Every other day, the Treasuries open on a huge gap. They are trading more like pork bellies than stodgy government bonds. Worst of all, the yield on the 10-year is up approximately 45 basis points since the low in yield reached the day after the Fed announced Operation Twist. Bernanke has egg all over his face. The man simply does not understand financial markets. And this move does not look like a fluke. As a result of today's market, the yield on the 10-year has broken out of an intermediate-term base. Unless yields pull back immediately, the implication is that the intermediate term target is 2.50. Meanwhile, Bernanke had assured investors that long-term yields would fall as a result of his doing the Twist.

Apparently, the FCBs were among those who took the Fed's announcement as a sell signal. They are selling at the heaviest pace in the nine years that I have been tracking this data. Normally, prior to the last five weeks, the instances when they were actually net sellers were few and far between. What has been going on here lately is no less than a sea change.

Making matters worse is that the Primary Dealers have also become massive sellers of Treasuries and all manner of fixed income paper in recent weeks. This data is released with a 10-day lag, so I only have data through September 28, but given the market action this week, this trend is certainly continuing.

The dealers appear to be in trouble. They began selling off their fixed income paper of all types in early September. That accelerated to what I can only characterize as wholesale dumping in the weeks ended September 21 and 28. It is no coincidence that those where the weeks where we began to see yields reverse from their record run.

http://image.minyanville.com/assets/FCK_Jan2011/Image/October11/12/la10121.JPG

These are troubling developments, not just for their implications for the bond market, but for what they imply about the health of the backbone of the US financial system -- the Fed's Primary Dealer (PD) network. If the Fed is the head, these guys are the spinal cord. Focusing on just their corporate bond holdings the picture becomes even more troubling. If major corporations are supposedly doing so well and their balance sheets are in such great shape, why did the PDs not accumulate their fixed income securities throughout the equities bull market of 2009 and 2010? And especially, why have they been frantically dumping their corporate holdings since June?

http://image.minyanville.com/assets/FCK_Jan2011/Image/October11/12/la10122.JPG

Something is rotten here. These are signs of major systemic stress.

It's been a while since both stocks and bonds have rallied together. In recent months stocks could only rally when bonds sold off, which was rare. For the most part bonds were rallying and stocks were selling off. There just has not been sufficient systemic liquidity to keep levitating both markets simultaneously. It was either one or the other. But even the days where the stock market rallies, when bonds sell off and yields rise, may be coming to an end, and the day where both stock and bond prices fall and yields rise together, may be at hand.

These are just a couple of the factors that I track in my weekly reports covering the Fed, Treasury, Primary Dealers, foreign central banks, money supply, US commercial banking system conditions, fund flows and other key elements of US market liquidity. The fabric of the US financial markets is intertwined and complex. I track what I believe, from my years of observation, are the most important threads in that fabric, to try and gain an understanding of the context in which the markets are operating. That context is important to the technical analysis side of my work, where knowing the liquidity picture can help in understanding the patterns unfolding on the charts of the markets themselves. There are always loose ends, but more often than not, even with loose ends most of the threads tie together into a neat tapestry with a story that is clear. This may be one of those times, and it's not a happy picture.

Editor's Note: This article was originally published on Wall Street Examiner.’

The Structural Challenges Facing Muni Bonds Minyanville

Dave’s Daily http://www.etfdigest.com/davesdaily ‘The only thing wrong with the image above is that it’s from March 2010, or on one of many previous plans agreed upon. But, markets don’t care about this and just thirst for any deal even if memories remain short. These euro zone fixes seem ephemeral and need implementation to stick. HFT algos are programmed to pounce on these presumed fixes and have been active in driving stock prices higher this past week. Let’s face it; this is the time of year bulls can make their year with good fees and bonuses on the line…

[video] Trader: We Could Test 1120 Lows at TheStreet.com

There's A Recession Coming According To The Data at Forbes ‘The stock market peaked in April, and is behaving in the saame fashion it did in late 2007, when big troubles from real estate writedowns were spreading through the financial sector.

The most worrisome statistic this week was the Empire State Manufacturing indedx– wehich was down from a minus 3.76 to a minus 7.7– a leading indicator of recession in the past. The new industrial orders index from New York remained well below zero at minus 7.8.

The Federal Reserve Board has promised to keep interest rates at zero until 2013– an admission that the economy is not expected to rebound for two years– until the next President is in the White House. This policy step indicates the Fed does not believe the economy will recover either this year or next year. Never before has the centreal bank made such a policy declaration for as long a period as two years.

There were 1300 new lows in the market on August 8th– another phenomenon that hasd not taken place since the great stagnation was triggered in 2008. Even though the market indexes made up all their lost ground, it appewars that investors are willing to delude themselves that  corporate profits will reemain at very high levels despite the period of austerity we are clearly entering.

The austerity required in Europe to deal with the sovereign debt crisis is likely to push Europe into a recession. This will impact US corporations dependent on important profits from Europe.

The corporate return on revenues has risen the past two years to a peak of 14%– an unusually high level of profits– that is not expected to continue.

Consumer savings are rising as household debt gets paid back. But, we are a long way from safety levels of savings in a high unemployment period. And the higherb the saavings rise so the lower the level of consumption will be.

Housing numbers were down 1.5% last month underscoring that the turnaround in housing is not close at hand.’

Market's Swoon Should Be Your Wake Up Call

Watch Out: 2011 Looks A Lot Like The Market Top In 2007 Sean Hanlon: ‘Back on December 12, 2007 I wrote a market commentary that started as follows:

The equity markets have been very volatile this year, but also range bound.  A picture speaks a thousand words so all one needs to do is view the chart below of the S&P 500 Index to understand just how volatile and range bound things have been.  Specifically, since February 20, 2007, only nine and one half months or so ago, the S&P 500 Index has been down 5.86%, up 13.02%, down 9.43%, up 11.26%, down 10.09%, and now up 7.73% – through 12/10/07 – so far in this latest up leg!  All this in ONLY nine and one half months!

http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-1.jpg

History is repeating itself so far in 2011, which has been fraught with ups and downs in both international and domestic equity markets.  This is due to many things, including the considerable economic doubts and various countries debt situations. This uncertainty has translated into market performance with direct impacts on portfolio returns and more prominently in portfolio volatility. This volatility is best seen in the chart below of the S&P 500 Index beginning 1/1/11.

http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-2.jpg

2010 ended positivity and the momentum carried into the first two months of 2011 however the end of February began a series of events that led market returns on a whipsaw ride of ups and downs, resulting in the current universal mid-year views of market uncertainty.

What news was associated with this volatility? All the usual; crude oil prices, natural disasters, corporate earnings, politics, economic forecast revisions for both developed and emerging markets, the European debt situation, the United States debt situation and more to name just a few.

One thing is for certain; the current volatile, range bound market activity is difficult at best to profit from.  In this investing environment patience is the most important attribute.  I will be patient and will be careful until the trends are preferable.

Our strategy at Hanlon Investment Management is to attempt to minimize downside risk by exiting risk asset classes, such as equities, during periods of uncertainty, getting invested in more conservative asset classes, such as money markets and short-term bonds, and re-entering into risky asset classes when we identify them as attractive, when the trend is our friend and positive!

Having identified this volatility, in June we made defensive, tactical investment decisions that provide less exposure to these volatile, range bound markets and prepare us to re-enter the markets when they possess improved risk characteristics.’

SEC may have destroyed documents, senator says 17 Aug 2011 ‘The Securities and Exchange Commission may have destroyed documents and compromised enforcement case ... Grassley: Agency may have got rid of Goldman, Madoff documents Ronald D. Orol, MarketWatch WASHINGTON (MarketWatch) — The Securities and Exchange Commission may have destroyed documents and compromised enforcement cases involving activity at large banks and hedge funds during the height of the financial crisis in 2008, according to allegations made by a lawmaker on Wednesday. “From what I’ve seen, it looks as if the SEC might have sanctioned some level of case-related document destruction,” said Sen. Chuck Grassley, Republican of Iowa, in a letter to the agency’s chairman, Mary Schapiro. Sen. Chuck Grassley “It doesn’t make sense that an agency responsible for investigations would want to get rid of potential evidence. If these charges are true, the agency needs to explain why it destroyed documents, how many documents it destroyed over what timeframe, and to what extent its actions were consistent with the law.” Agency staff “destroyed over 9,000 files” related to preliminary agency investigations, according to a letter sent in July to Grassley, the top Republican on the Senate Judiciary Committee, and obtained by MarketWatch. The allegations were made by SEC enforcement attorney, Darcy Flynn, in a letter to Grassley. Flynn is a current employee, and according to the letter, received a bonus for his past year’s work. Flynn alleges the SEC destroyed files related to matters being examined in important cases such as Bernard Madoff and a $50 billion Ponzi scheme he operated as well as an investigation involving Goldman Sachs Group Inc. GS +0.33%   trading in American International Group credit-default swaps in 2009. Flynn also alleged that the agency destroyed documents and information collected for preliminary investigations at Wells Fargo & Co. WFC +1.34% , Bank of America Corp. BAC +0.81% , Citigroup C +0.13%  , Credit Suisse CS +0.38%  , Deutsche Bank DB +0.79%  Morgan Stanley MS -0.06%  and the now-bankrupt Lehman Brothers. The letter goes into particular detail about Deutsche Bank, the former employer of current SEC enforcement chief Robert Khuzami as well as former enforcement chiefs Gary Lynch and Richard Walker…’

Sen. Chuck Grassley “It doesn’t make sense that an agency responsible for investigations would want to get rid of potential evidence…’ [ Oh but it does make sense Sen. Grassley: Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ]

TRAIN READING: COVER-UP Mark Gongloff

Is the SEC covering up Wall Street crimes? — Matt Taibbi

The forex market is causing some companies to pull up stakes — Heard on the Street

Resisting the urge to buy the dips — Josh Brown

Maybe it’s not stocks that are cheap, but earnings estimates that are high — Ritholtz

China’s worsening credit crunch — Pragmatic Capitalism

The Occupy Wall Street protesters are winning — Josh Brown

The gap between economic data and sentiment — Abnormal Returns

Recession, restructuring and the ring fence — John Hussman

What happens after a Greek default? — Fortune

Stop blaming Greece for the market’s problems — Mark Hulbert

China’s credit crunch is worsening — FT Alphaville

Another huge earnings miss coming? — James Bianco at The Big Picture

It’s science: 92% of all Billboard top ten songs are about sex — The Atlantic

Frau Merkel, it really is a euro crisis — Ambrose Evans-Pritchard

Hero or hypocrite? The Buffett Rule, then and now — Jeff Matthews

CRB commodity index back to 1749 (warning: extreme verticality) — Ritholtz

Will stocks rally as profit margins fall? — FT Alphaville

Europeans still don’t seem to understand the enormity of their crisis — Economist

Misunderstanding the effects of QE2 was a grave mistake, hurting us today — Pragmatic Capitalism

The myth of cash on the sidelines — James Bianco at The Big Picture

A flowchart of Greece endgames — none appealing — BBC

The unexamined crisis of 2008 — Economist’s View

Monetary moves have lost their magic — Reuters Breakingviews

Jobs are not really being held back by deficit uncertainty — The Atlantic

The real failure at Netflix — Abnormal Returns

Peak oil may be beside the point — Economist

The Troy Davis case shows how wrong eyewitness evidence can be — Slate

The Tiger Mom goes to China — New Yorker

Overconfidence may be an evolutionary advantage — Discover

Buy your own private island in NYC for less than $300,000 — Curbed (via Felix Salmon)

Bank of America’s layoffs pointless, “wouldn’t even pay the lawyers” — Huffington Post

Time to break up Bank of America — The Atlantic

Why is the UK still rated AAA? — FT Alphaville

New human ancestor discovered — WSJ

The cost of a crowded volatility trade — FT Alphaville

Workers’ malaise foreshadows wider social issues — Mohamed El-Erian at Reuters

No, we’re not waiting for your official recession call, economist –Josh Brown in Forbes

Your guide to living in 10 fictional worlds — Wired

Failing US economy no reason to stop investing in print media, all experts agree — The Onion

Enough with the monetary easing already — Pragmatic Capitalism

The US economy is becoming more susceptible to hurricanes — Real Time Economics

How Irene lived up to the hype – Five Thirty Eight

The War on Terror is dead — The Atlantic

Emerging markets now have more heft and reach than developed ones — Economist (video)

Why is the White House defending banks from investigations? — Megan McArdle

Hurricane Irene may cause a gas-price spike — CNN/Money

Know the difference between short-term and long-term problems for the economy — Ritholtz

Why aren’t governments more afraid of a double-dip recession? — The Atlantic

France deserves a downgrade at least as much as the US does — Bethany McLean in Slate

Recent market volatility has historical precedent — Mark Hulbert

Stop worrying about China not buying Treasurys, already — FT Alphaville

Fed hawks at odds over their reasons for dissent — Reuters

Why Rick Perry made a bid for the anti-Fed set – Slate

Maslow’s hierarchy of needs gets an update — The Atlantic

How did so many people feel one small quake in Virginia? – The Atlantic

Philly Fed coincident indicators turning red — Calculated Risk

Treasurys are priced for disaster — Capital Spectator

Profit recession risks tick higher — FT Alphaville

The rich can afford to pay more taxes — Bruce Bartlett in Economix

Everything You Need to Know About the Latest Market Plunge [But were afraid to ask] Minyanville Staff Aug 18, 2011 ‘After a rather benign start to the week, markets plunged on Thursday with the S&P 500 shedding 4.5% and the Nasdaq-100 falling nearly 5%. The main driver on the day was speculation European banks remain insufficiently capitalized. Gold jumped nearly 25 to a record high and Treasuries rallied. Among stock movers, Apple (AAPL) outperformed the indices but still dropped 3.7%, Microsoft (MSFT) also outperformed closing down just 2.2%, Bank of America (BAC) dropped 6% and Oracle (ORCL) fell 8.3%.
Below are this week's top Minyanville stories examining the state of the US and global markets.

Is It 2008 Again? Looking at the Summer Crash of 2011
A real bear market has begun, and bonds got it right as early as February that the biggest threat to the global economic system is deflation.
by Michael A. Gayed 

Dynamics of This Market Panic Ripple Though History
The 10-year anniversary of the 1929 high ties to the beginning of World War II on September 1st, 1939 when Hitler invaded Poland and France declared war on Germany.
by Jeffrey Cooper 

Are Gold and S&P 500 Behaving Logically or Irrationally?
Unfortunately Mr. Market rarely embarks upon the logical until he has convinced enough market participants to behave irrationally.
by J. W. Jones 

Random Thoughts: Fed Dissention and Financial Market Fatigue
The world's wildest reality show continues.
by Todd Harrison

Handicapping the Global Economic Recovery
The obvious question must be begged: where do we go from here?
by Todd Harrison 

Coming in October: Next Major Price Cycle Low
A major price cycle on the daily S&P 500 chart, which shows reliability in bottoming about every 15.5 months, is due for its next low on or about October 31.
by Michael Paulenoff 

Volume Trends Suggest Worst Is Not Over for Stocks
When the market rallies hard after a nasty decline, one of the first things that can determine whether the rally's a keeper or not is volume. Here's why.
by Tim Thielen

The Sign of the Bear
When the quarterly turns down, the normal expectation is for the market to carve out a low soon, in terms of time and price -- not to waterfall.
by Jeffrey Cooper

Economy Showing Signs of Life, but Not for Long
We're on the brink of a nice little bump from the data coming in, but on the whole, a 1930s-style depression seems to be on track.
by MoneyShow.com

Wall of Worry Keeps Rising on Europe's Credit Crisis Fears
To make matters worse, politicians in the world's crisis-free countries are on summer vacation.
by Lloyd Khaner

Why Is Everyone Bullish on the US?
Wall Street will always think positively of the market, but the facts are pointing to a bearish phase.
by Gary Kaltbaum

Five Things You Need to Know: Asymmetric Economy Increasingly Untenable and Unstable
This situation cannot continue without adjustment.
by Kevin Depew

Fed's Easing Policy Means Worse Living Through Convexity
As the Fed removes interest rate risk through stealth QE3, it introduces other risks, distorting incentives for investing and weakening the economy in the long term.
by Professor Pinch

Are US Markets Facing the Abyss?
The vast majority of technicals are indicating a new bear leg.
by Jeffrey Cooper ‘

Dow Tumbles on New Worries About Same Old Issues - Aaron Task

Who’s Worse: U.S. Banks or Bernie Madoff? - Stacy Curtin

WHY NEW LOWS ARE LIKELY Simon Maierhofer, August 18, 2011 Last Sunday's (August 14) ETF Profit Strategy Newsletter update listed 5 reasons why new lows are likely. Here they are:

HISTORIC REVERSAL

We've been expecting a major market top in the S&P 500 (SNP: ^GSPC), Dow Jones Industrials (DJI: ^DJI) and Nasdaq (Nasdaq: ^IXIC). The April 3 ETF Profit Strategy update identified the ideal target range for a major top to be 1,369 - 1,382. The chart below was featured in the same update.

It outlines a top around 1,370 followed by an initial decline to about 1,230 (happened in June), followed by a rally (happened in July), followed by a steep decline.

DEATH CROSS

The death cross is one of the most talked about technical events, that's why I don't put too much stock in it. However, there are two interesting facts about previous death crosses.

The 2000 and 2007 death cross occurred about three days before the S&P embarked on its next leg down. The 2010 death cross was actually a buy signal. However, it occurred after the S&P and DJIA bounced off a multi-year trend line. This time the trend line was broken so a more bearish interpretation of the death cross is appropriate.

https://www.etfguide.com/images/PDNewsletter_Images/5%20-%20April%203%20TF.jpg

SEASONALITY

August, September, and October is the most bearish stretch of the year. September and October sport negative performance even in the pre-election year.

SENTIMENT

From S&P 1,370 on May 2 to S&P 1,258 on June 16, the S&P shed 112 points and sentiment measured by Investors Intelligence (II) and the American Association for Individual Investors (AAII) turned deeply bearish (only 37% II bulls). The June 16 ETF Profit Strategy update took that as a queue to buy (long positions were closed at S&P 1,340).

From S&P 1,353 on July 7 to S&P 1,102 on August 9 the S&P lost 251 points, yet the II sentiment poll registered the second most bullish reading since the first week of May (47.3% II bulls). AAII and II polls are often considered the 'dumb money.' If the 'dumb money' views last Wednesday's low as a buying opportunity, the 'smart money' should be suspicious.

VIX PATTERN

If you have the charting capabilities, take a moment and plot the VIX (Chicago Options: ^VIX) against the S&P for the months of September - November 2008 and April - July 2010. If you don't have the time you may simply look at the chart below.

https://www.etfguide.com/images/PDNewsletter_Images/yahoo%20-%20vix%20pattern.gif

What we've seen in 2008 and 2010 is that a VIX peak did not coincide with the S&P bottom. The S&P bottom actually occurred against a lower VIX reading. If this pattern continues, we will see lower lows.

The August 14 ETF Profit Strategy update includes a detailed analysis of the VIX pattern.

THE SCRIPT

Via more or less accidental chart surfing I found a striking resemblance between the 2007 market top and the May 2011 top.  This moved me to state in the July 17 Profit Strategy update that:

'There is a similar trend line and a triple top above the trend line. A break below that trend line could be a precursor of bad things. Next week the trend line will be at about 1,262.' The S&P sliced through that trend line on August 4 and fell an additional 12% within the next four days.

The August 7 Profit Strategy update revisited that script and concluded this: 'We now have a rough script; let's see how much lip the actors will add during the live performance (I.e. S&P downgrade). 

The two main things I have taken away from the 2007 script are:

1) There will be a new low.

2) There will be a powerful counter trend rally to around 1,xxx (reserved for subscribers).'

THE VERDICT

We got the new low and we got a rather powerful rally. Now the question is, how long will the low last and how high will stocks rally?

The script suggests there will be another low. The VIX pattern suggests there should be another price low. Seasonality suggests that there's some headwind on the way up. Sentiment readings suggest we should be suspicious of any rally. The death cross also suggests lower prices.

SUMMARY

There were a number of good reasons to expect new lows on Sunday. Yesterday's ETF Profit Strategy update recommended to go short as soon as the S&P breaks below 1,373. This happened within the first few minutes of trading today. Now it's time to let the script play out…’

S&P Triggers 200-day MA Death Cross - What Does this Mean? ETFguide.com

Is This a New Bear Market? The Chart That Tells The Whole Story ETFguide.com

Why The Worst May Be Yet To Come ETFguide.com

Abandon Ship?[The USS Titanic] Yes, Because of These 5 Bearish Icebergs | iPhone 2 (robot)... By Michael McGill: August 18, 2011 is a day that has handed out some of the worst economic news since a few days in the 2008 financial crisis, and it has the Dow Jones Industrial Average down big time. The reasons keep piling up to turn bearish and pile into safer investments. Here are 5 reasons showing that investors need to be on the watch out for choppy waters tsunami type waves ahead: Homes Sales Drop 3.5% in July – This marks the weakest sales (4.67 million) figure in 14 years, even beating last year’s disappointing mark of 4.91 million. This is despite the average rate of a 30-year fixed mortgage coming in at its lowest level on record (4.15) this week. This is data to fight the ever increasing hope that home owners have of increasing the value of their homes. Jobless Claims Rise 9,000 – Last week investors were looking for Complete Story »

Homes Sales Drop 3.5% in July – …

Jobless Claims Rise 9,000 – …

Treasuries Hitting Record Highs (record low yields) – …

Inflation at the Consumer Level Rose to 0.5% in July – …

World GDP Growth Slowdown - …’

Dow/Gold Ratio Lowest Since 1987 Crash Forbes Adrian Ash ‘Today’s gold buyers might still get to look early birds as this depression wears on… GROWTH or defense…stocks or gold? Intra-day noise aside in summer 2011, Mr.Market’s choice looks plain.

The Dow/Gold Ratio – a measure of the U.S. stock market’s valuation in ounces of gold – has sunk as equities have plunged but gold prices have jumped so far this summer.

Dropping through 6.0 ahead of Friday’s New York opening, the Dow/Gold Ratio hasn’t been this low since early 1989, back when world equity markets were recovering from the Great Crash of Black Monday 1987.

http://goldnews.bullionvault.com/files/DowGoldviii11.png

That slump itself had taken the Dow/Gold Ratio all the way down to 3.6, with gold prices rising to nearly $500 per ounce as the Wall Street index sank to 1776 points. Growth, of course, was only taking a pause in late 1987 – a quick breather before the real race to perfection of the late 1990s. Today, in contrast, the Dow/Gold Ratio could still go a lot further down. Or so says history.

Trading a little over its century-long average of 10.0 today, the ratio bottomed during the 1930s Great Depression at just below 2.0 ounces of gold for one Dow unit. At the nadir of the next global depression – the inflationary depression of the early 1980s – the Dow/Gold Ratio sank even lower, down to 1.0.

Whatever flavor of depression we’ve got at the start of this decade – and it is a depression, as Western jobs data continue to show and as the Dow/Gold yardstick will confirm if it goes much lower (keep an eye on the underperformance of gold mining equities, too) – a growing flow of private savings is choosing defense in gold bullion rather than choosing business-risk in listed stocks.

That choice might sound self-fulfilling if you work in psychiatry or government, a kind of “clinical disorder” open to curing with medication, zero interest rates or perhaps a third round of quantitative easing – most likely aimed at risk assets, we guess, rather than the “risk free” Treasury bonds targeted by QE1 and QE2 – and which institutional investors are all-too keen to hold anyway.

So far, however, investors choosing to buy gold only account for a tiny portion of the money fleeing equities.

From here to a true depression low in Dow/Gold (if such a level is reached), today’s gold buyers will need to find many more friends. They’d also look early-birds compared with the rush out of stocks – and into gold – needed to reach that 2.0 or 1.0 mark.’

The Great Stocks Vs. Gold Round Trip Aug 19th, 2011 News (BusinessInsider) — ‘ When priced in gold stocks have now returned to where they were at the market’s low-point, back in 2009. Actually, we’re even worse now. http://www.usagold.com/pete/newsviews/20110819GoldSPratio.jpg PG View: In 1965 De Gaulle called for a return to an “indisputable monetary base,” one that “does not bear the mark of any particular country.” He of course was referring to gold. As was pointed out in a Forbes article early in the week on the 40th anniversary of President Nixon closing the gold window, “over the last four thousand years, the only period in which humanity has not consistently based its currency in metal, specifically gold, is the last forty.” And look what that has wrought…’

Ignore Buffett's Advice, Don't Buy Stocks at Forbes Bert Dohmen [ Yeah … this is really good advice. As a shill for fraudulent wall street, they may have given him some ‘stellar performances and cash to boot’; but, the homespun bumpkin senile buffet’s analytical abilities, if ever really extant, have certainly passed the point of no return. You may recall how the clintons, with a mere $1,000 or so, were revealed as ‘commodities trading wizards’, but as written up in the Wall Street Journal ‘someone was giving them money’. In fairness, that they were singled out (was) is a bit arbitrary inasmuch as that’s going on all the time on wall street, and now with greater precision owing to greater computer programming capabilities, to everyone else’s detriment. Remember, in a manner of speaking, there are two sides to every trade, viz., winner and loser (in relative terms).] ‘The markets plunged going into August 8. On that day, the DJI closed with a loss of 629 points. My indicators signaled that a brief bounce would commence the next day. According to the charts, the first target for the S&P 500 was 1205. The target was hit exactly a few days later. That was followed by a renewed plunge.

I have been looking for a serious crisis to start in September. It appears that we have seen the prelude for that. The big smart money has been preparing for the past five months.You can see the “distribution pattern” on the charts since mid-February. The rush to the exits is now accelerating and the smart money has been selling short in large amounts.

The extreme bullish sentiment that prevailed until the latest plunge was first replaced by complacency, then by concern. However, the “fear” stage is still missing, except at hedge funds that were forced to sell because of margin calls. In fact, during the severe plunge in the first week of August, investment investors became even more bullish according to Investorsintelligence.com. That is not good for the markets.

The market negatives are increasing in numbers. The IPO window is now shut. There are signs that credit is once again vanishing. Loans are being called in, some companies appear to have difficulties rolling over their Commercial Paper, junk bonds yields are soaring, European banks may stop lending to each other, and the European crisis is spreading out across the globe. It’s my view that this will cause another credit crisis, just as in 2008.

What’s worse is that contrary to 2008, the big players learned to read the signs from their 2008 mistakes. They are now wide awake, although in the media, their minions still repeat the same bullish fairy tale. This means that this crisis could develop much faster than the last one. (Read my book, Financial Apocalypse, which is the 2008 roadmap, one which can be used very well for what is now happening.)

The words “possible recession” suddenly is being mentioned a lot in the media, although economists still strongly deny that possibility. Our rule is that the stronger their denials, the more certain and the deeper the recession will be. In fact, I declared in our May 9 issue of the Wellington Letter that the recession had started.

Morgan Stanley lowered its global GDP growth forecasts for 2012 from 4.5% to 3.8%. My forecast is for 1%-2% or less. It would be negative growth except for the fudged inflation numbers.

The European politicians are not any smarter than those in the U.S. Merkel and Sarkozy had a meeting in Paris and did nothing. That day I called the outcome “Disastrous” for the markets. It took the markets a day to digest the consequences and then the selling avalanche started. Many of the markets in Europe, led by the banks stocks, went into virtual free falls, losing from 4%-7% in one day. Such losses indicate an approaching crisis.

Now we see some of the well-known Wall Street figures appearing in the media, telling investors all the reasons why stocks are a good buy. One appeared with a long list of bullish factors. Well, that list didn’t prevent the global stock market from losing an incredible $6 trillion over the past several weeks. He did the same cheerleading on national TV in 2007 before investors lost 50% of their wealth.

Warren Buffett is also once again the cheerleader saying he is buying stocks. He did that in 2007-2008 as well, and then the meltdown started later in 2008.

I would not fall for this self-serving advice. Words cannot rescind a recession that we already have, it cannot stop the insolvency of entire countries in Europe, it can’t change the fact that major profit downgrades will appear soon, and it can’t stop the China crisis that is now starting.

Gold is soaring, but the mining stocks look terribly weak. There is great danger now with the gold stocks getting hit hard by less developed countries, including South Africa, to nationalize gold mines. This is too lucrative for them to resist.

I would get out of all money market funds unless they are “U.S. government only.”  The MMFs have big exposure to European banks. We believe that lending between banks in Europe may seize, which means that the whole structure will start shaking. You will start hearing the word “contagion.”

In my opinion, the danger period is approaching. What we have seen until now is just a “preview.” The main feature is likely to be worse.

Bert Dohmen is editor of Bert Dohmen’s Wellington Letter and author of Prelude To Meltdown (2007) and Financial Apocalypse (2011).’

The "Crimes" That Wrecked The Markets Forbes / Robert Lenzner ‘CNN’s anchor in London, Richard Quest, raised the issue squarely today about trying to explain the “crimes” that have created this failure to recover from the 2008 recession and the fear of another  downturn in the economy that could wipe out many of the gains we have achieved. Quest, of course, did not mean felonies or violations of the law that would land people in prison. I think he meant crimes of bad policy, crimes of financial illiteracy, crimes of stupidity, crimes of poor leadership.

So, here’s my attempt to sum up my answer to Quest.

The powers-that-be saved  the Masters of the Universe on Wall Street by using trillions of loans, investments and guarantees that sent the signal that Finance was the nation’s Number One Priority.  This historic gift to finance meant that the growing disparity between the super-rich and the middle class would continue to widen, without anyone of our top policy gurus suggesting it was splitting our nation. Some academics even worry about the “crime” of pushing the middle class into poverty.

Nevertheless, there was no bold strategy left to help those out of work. It was a “crime” that the stimulus program did nothing to create any jobs in the private sector. Obama’s economic adviser in 2009 , Larry Summers, was dead set against a make-work program to put the nation’s skilled construction workers busy on repairing  the rusting infrastructure he finds distasteful at airports and railroad stations. Now, we are going to be given the sop of an infrastructure bank that couldn’t possibly be in place for years, if ever.

No question the handling  of the debt limit debacle was  “crime” of poor planning, no overall shred strategy and trying to effect a master plan for $4  trillion cuts with only days to go before the August 2nd deadline. Keystone Cops,  whatever you wish to call it caused a loss of confidence in the nation’s politicians; a kind of virtual “crime” on the public who deserved better. Much better. This entire episode removed the foundations to rational expectations for the stock market– and threw the nation into a madhouse of volatility and confusion.

I don’t know what to call the lapse in the markets faith in paper money– and the more-or-less steady rise in the price of gold from $850 an ounce 3 years ago to well over $1800 today.  There is no other stock, bond or commodity you could have purchased that had this magnificent performance. Well, maybe the shares of Apple, and some global commodity producers.

Moreover, it was a “crime” to do nothing about the obscene bonuses taken by the Masters of the Universe– who only were able to pay themselves in this way because of the federal bailout. No one has tried to  get back the fortunes taken away by Lehman’s Richard Fuld,  Countrywide Credit’s Angelo Mozillo–or either of the Merrill Lynch CEOs, who helped destroy their iconic firm. Now there’s a “crime.”

Then, there’s the  SEC’s unwillingness to reinstitute the uptick on short sales of stock– so that hedge funds and other speculators could not trigger sharp sell-offs in the stock market If you had this “uptick” rule back, every short seller would have to wait for a transaction at a higher price to  sell short– rather than the libertarian “crime” that allows them to pound a stock lower to make sure-thing profits. It’s a crime short sellers are able to shoot ducks in a barrel. Shocking lack of fairness. No wonder Aunt Sadie is fleeing.

No doubt there were “crimes” committed in the week of volatility, with gyrations that scared the public. These movements up and down were caused by the high frequency trading by computers owned by hedge funds– who are not investors– but in-and-out traders several times a day and who have no regard for fundamental values.  These Masters Of  The Universe have the ultimate power in American society because of their political contributions and lobbying.

I believe Obama’s health plan to be a “crime” because it was a sellout to the 5 giant health insurance firms that were given 4 years clear and free to raise their premiums without interference. It was a “crime” because Obama was told by leading Senators it was a terrible sellout of the citizenry.

I don’t know what to call the bankruptcy of fiscal and monetary policy.  In some existential sense it is a “crime” that we have run out of  fiscal and monetary ammunition to turn this  collapsing shock treatment around. It is a “crime that 300 million people will be looking for Ben Bernanke, Fed Chairman, to pull a rabbit out of a hat in Jackson, Wyoming next week, when central bankers are meeting.  QE2 came from last year’s meeting– but it created no jobs.

The same will be true after Labor Day when the much-ballyhooed Obama  speech on jobs is coming. I fear expectations are going to be terribly disappointed. Expect  rhetoric as in “We have always been a Triple A nation– and we always will be Triple A. ” That was a “ crime” of speaking mush, when 300 million people know better, and wanted to hear something meaningful. Not to have bold, kick-ass leadership at a time of crisis is a sad sort of a “crime.” ‘

Accounting Gimmics Resurface as Growth Flounders at TheStreet ‘-- Accounting gimmicks -- once the staple of the boom-boom stock market -- are on the rise as companies attempt to convince analysts and investors that they are profitable despite a sluggish economy, according to industry watchers. Accounting techniques of Groupon and Zynga were under the spotlight recently, with the Securities and Exchange Commission instructing both companies to adhere to more stricter and conventional accounting standards, causing them to amend their IPO offer documents.

The creative metrics in the IPO documents of recent social-media IPOs are reminiscent of the dot-com bubble when stocks were valued on metrics like "eyeballs", while fundamentals like revenues and profits were ignored.

Rebekah Smith, director of financial advisory services at accounting and consulting firm GBQ consulting, says accounting tricks and schemes are likely to start unraveling as we head into 2012 and the lag effect catches up. "The typical accounting fraud goes on for about 18 to 26 months before it is uncovered. The frauds that took place in 2009 are not going to surface until later in 2011 or into 2012."

Financial statement fraud like the kind that took place at Enron are rare. The Association of Certified Fraud Examiners estimates that such manipulation accounts for only 4.8% of total fraud cases, although it causes the most financial damage, with the median loss being more than $4 million.

But accounting gimmicks that focus on non-GAAP (Generally Accepted Accounting Principles) measures are rampant and they can be misleading.

Groupon, for instance, claimed that the marketing expenses incurred to acquire customers were "one-time investments" and hence they should be excluded from the calculations of operating income.

By that metric the company made an operating profit at $81.6 million in the first quarter of 2011, as opposed to an operating loss of $113.9 million under traditional accounting standards.

However, analysts were quick to point out the metric was absurd. "If you are going to capitalize acquisition costs, the onus is on you to show proof that acquired customers stay as customers (and actually buy products for many years)," Aswath Damodaran, Professor of Finance at Stern School of Business and a reputed author of textbooks on valuation, wrote in a blog post.

"With strong competition from other online coupon based companies (like LivingSocial), it is entirely possible that customers once acquired, are fickle and move on... If that is the case, the acquisition cost has a very short amortizable life and begins to look more like an operating expense," he wrote.

Zynga issued a restatement of its second quarter results saying it did not hew to accounting standards in the way it estimates how long people play its video games. That had the effect of understating revenues during the second quarter. While the impact of the Zynga's restatement itself was not substantial, it highlighted the murky accounting involved when it comes to new business models. "There is a new market of publicly traded companies with business models that open more room for interpretation on how revenues and costs should be treated. We do see some aggressive accounting techniques" says Dan Mahoney, director of research at the Center for Financial Research and Analysis, a unit of MSCI that specializes in forensic accounting.

Smith of GBQ Consulting says there is a greater risk of financial statement manipulation at such new-age businesses. "We have a lot of new business models and people are still trying to understand how the finances of these companies work," she said. "Companies get to decide what to tell them[investors] on how their industry works. They decide what the metrics should be."

While in a traditional sector an astute analyst might call a company's bluff, it is harder when you don't have history as a guide. "We don't have a typical 10-year history. As a financial professional, you can't make a conclusion on what the financial metrics should look like," says Smith.

Mahoney at CFRA says companies with high valuations are also ripe for these sort of gimmicks, as they are under pressure to sustain valuations.

While in a traditional sector an astute analyst might call a company's bluff, it is harder when you don't have history as a guide. "We don't have a typical 10-year history. As a financial professional, you can't make a conclusion on what the financial metrics should look like," says Smith.

Netflix(NFLX) has been criticized in the past for its calculation of subscriber churn rate, which looks at the number of cancellations as a proportion of subscribers. Netflix's method has the effect of overstating the subscriber base, thus making the churn rate seem lower.

Analysts have over time learned to adjust for this inconsistency. And as it turns out, the movie rental firm has drastically limited the metrics it is willing to provide , saying that in 2012 it will no longer report churn, gross subscriber additions and subscriber acquisition costs.

Problem solved.

Stern's Damodaran says companies resort to these tricks because the market analysts simplistically assign multiples to a profit metric. All companies have to do is "make a change that affects earnings and you can change the valuation," he says. "Investors need to understand what Groupon's business model is, what their potential market is, who are they going up against."

--Written by Shanthi Bharatwaj in New York

>To contact the writer of this article, click here: Shanthi Bharatwaj. ‘

Morgan Stanley Biggest Welfare Recipient as Federal Reserve Lent Banks $1.2 Trillion During Financial CrisisWall St. Cheat Sheet

Dow:Gold Ratio and the Secular Bear Market at Minyanville Toby Connor Aug 23, 2011 ‘However low the risk, large potential trades are now in the stock market, not in playing chicken with the gold parabola.

As I have been warning investors for many months, stocks have now entered stage III of the secular bear market. Gold, on the other hand, is now in the final parabolic phase of a 2.5 year C wave advance.

My best guess was that we would see a Dow:Gold ratio of between 5-6 before this C-wave ended. The ratio was at 5.71 as of today. I think we may still have a little further to go on the downside for stocks and a little further upside in gold. So it's entirely possible that we could see a Dow gold ratio of 1:5 before the trends reverse.

http://image.minyanville.com/assets/FCK_Jan2011/File/August11/tobyc8231.JPG
Click to enlarge

However low the risk, large potential trades are now in the stock market, not in playing chicken with the gold parabola.

Cyclically the stock market is now in the middle of the timing band for an intermediate bottom. Presumably a sharp bear market rally in stocks will trigger a regression to the mean, profit-taking event in the precious metals market (the D-wave).

D-waves almost always test, and sometimes marginally penetrate, the 200-day moving average. I've illustrated in the chart above a rough guess as to where I expect the countertrend rally in stocks and the D-wave correction in gold to retrace.

Keep in mind that the fundamentals for gold have not changed. A D-wave is simply a profit-taking event triggered by an unsustainable parabolic rally. It has nothing to do with fundamentals. Once the D-wave has run its course, gold will enter a sharp snapback rally (the A-wave), after which it should consolidate for the remainder of the bear market in stocks.

Stocks, on the other hand, after what should be a very convincing bear market rally, will roll over and continue down into a final four-year cycle low, probably in the late summer or early fall of 2012.

Depending on whether or not the Fed tries to fight the cleansing process, or Ben Bernanke tries to stop the bear market with another round of quantitative easing, stocks should either test or breach the March '09 lows.

Either way I expect that 2012 will go down as one of the worst years in human history. Certainly in the same category as 1932, if not worse …’

Is the Market Forecasting War? { Kind of a ‘large dart board’ in terms of ‘educated guessing’ in light of the perma-war ‘bent’ of these perma-war ‘bent’ nations; viz., ie., u.s., israel, europe, etc.. } [ If so, and if this writer’s correct, all nato’s and america’s misguided actions in the Mideast will be viewed as an attempt to weaken Arab nations for the benefit of war-mongering israel and will never be forgotten as such, to the substantial detriment of the dying so-called western alliance. ]

End Of Cycle Smelling Like Dow 3K, Gold 3K Forbes / Bill Bonner ‘ Listen up, dear reader herein we announce an historic Daily Reckoning forecast.  Here’s your north star, your compass, your GPS to the future. Print it out. Paste it to your refrigerator:

About the turn of the century, two markets turned Gold turned up Stocks turned down These major trends will end Whence they meet

Our view is that the bear market began in January 2000. The feds fought it off with two huge extravaganzas of spending — the first beginning in 2001 the other after 2008.

Stimulus does wonders for stock prices but it no longer works for the economy that sustains them. For every dollar that the Fed has put to work to fight the crisis since 2008, for example, it has produced only 80 cents worth of GDP. It didn’t work.

Fighting a credit contraction with more credit is a losing proposition. Eventually, investors are bound to realize that stocks are headed down. Eventually the bear market will resume. And eventually it will come to an end.

But when? Our guess is that it will end when the Dow and the price of gold arrive at the same point — probably around $3,000. Whatever the number, you’ll be able to buy the entire group of Dow stocks for the price of one ounce of gold.

Of course, our view is a minority one. Warren Buffett doesn’t buy it. Most investors don’t buy it. We don’t even suggest that you buy it, dear reader. Just remember it. If it turns out as expected, we want to be able to say ‘We told you so.’

And if it doesn’t work out? Please have the grace to forget we mentioned it.

We would like to be able to predict the future, but we’ve never gotten the hang of it. We’re just guessing.

But since we’re just guessing, we don’t see why we should hold back.

We’re also guessing that…

…the weight of so much debt is depressing growth…and will soon depress stock prices too…

…that the economy is becoming zombified from too much government money…especially the military…

…that Mr. Market is ready for a long bear market anyhow; he’s tanned, rested, and ready to go to work

…that the US is following in Japan’s footsteps…towards a long period of on-again, off-again recession

…that the recession of ’08-’09 in the US never actually ended…

…and that stocks will go down over the next 5-10 years until they finally hit a real bottom.

Our guess is that gold goes down, shakes out the speculators and weak investors and then, perhaps a couple years from now, perhaps longer — begins its third and final phase.’

Back-to-School Sales Looking Blahat The Wall Street Journal

CHINA, EMERGING MARKETS POINT TO DOUBLE-DIP 2011 August 24 http://www.iphone2die4.com/2011/08/24/china-emerging-markets-point-to-double-dip iphone-robot ChartProphet submit: The collapse of the emerging markets, especially China, India, and Brazil, will have a huge ripple effect on the rest of the world’s economies, and will plunge most countries back into a global recession.One of the major drivers of the markets over the past two years has been the “unstoppable” and highly promising future of the emerging markets, especially China. As millions of inhabitants in emerging countries begin to enter the “modern” world and middle class, their consumption and their effect on the economies of countries all over the globe increases. And as millions of people contribute to the growth of China, India, and other countries, they will require extra food, energy sources such as gasoline and oil, cotton for their increased consumption and clothing needs, industrial metals for their new cars and technology, and many other materials that a growing and evolving population needs…’

How much higher can Apple shares go without Jobs? (Reuters) [ Or the market without jobs? … The answer euphemistally is not much … but more accurately should be not all and down quite a bit! ]

Arguments for Being in the Crash Camp Conor Sen Aug 29, 2011 ‘If you want to take risk, only own things you're willing to own in a down 20-30% tape, because that's what we could see over the next month. ‘This piece is going to read a bit like an inner monologue in the hopes that seeing how I wrestle with conflicting ideas may help with your own thought process. One of the responsibilities of putting your thoughts online for public consumption is only writing when you think you have something worth reading. After awhile you accumulate a portfolio of pieces and can see common themes in your writing, the struggles you've had, and whether you've been on the mark or not. And this summer I've written primarily about three topics: 1) the 2011 consumer tech IPO names led by Groupon, LinkedIn, and Zillow, which I've done a reasonable job with, 2) pessimism about the debt ceiling deal being resolved early due to the intransigence of the 2011 GOP, which I also feel I analyzed well, and 3) the ongoing macro tug-of-war between compelling valuations and the escalating European debt crisis, which I've gotten wrong.

The closest I got was in a June 24 piece where I wrote,

"My experience in 2007-08 taught me that in credit contagions understanding these dynamics is all that matters. Charts don't matter, macro data doesn't really matter, and until the contagion stops valuation doesn't really matter either. A $1 bill could trade for 70 cents if firms need to raise capital."

That's what I fought earlier this month, convinced that valuations for some blue-chip firms and not-as-bad-as-people-think macro data would be good enough. It hasn't been. The problem is, I thought about the issue too narrowly, focusing only on European sovereign spreads without seeing the second-order effects those spreads would eventually have. As sovereign spreads for the European periphery widened, governments responded by imposing austerity measures, which have now flowed through to the point where Europe may be back in recession. Here's one measure of the trend in economic activity for the key European countries.

http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/plummet1.jpg

With sovereign spreads stressed and economic activity rolling over, European banks have been under pressure, both the equity and of course the credits, with credit default swaps for European banks at wider levels than they were in 2008-09.

http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/plummet2.jpg

The problem with this is that credit spreads and equity prices are intricately linked, as this chart from Goldman Sachs shows comparing the spreads of the key iTraxx Main CDS index with the STOXX 600 index, Europe's equivalent to the S&P 500.

http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/plummet3.jpg

And in a leveraged, interconnected world, a systemic problem somewhere flows everywhere else, as investment-grade and high-yield credit indices in the US show.

http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/plummet4.jpg

The key question I've asked this week is: Can European banks, or Bank of America, fund themselves right now? The answer is no. That's a problem. If economic data were getting better, even on a green shoots basis, that might be one thing, but just about every data point we've gotten out of Europe recently, or Philly Fed here in the US, has been negative on a second derivative, and in many cases, a first derivative basis.

If we knew that fiscal and monetary policymakers were ready to fire bazookas and gas up their helicopters, that'd be a different story. In 2008-09 we got a big fiscal stimulus package out of China and a lesser but still sizable one in the US. Today we have both the US and Europe looking to cut spending, not increase it. On the monetary policy front, the ECB actually raised rates this summer, and Ben Bernanke's speech at Jackson Hole on Friday shows that either he doesn't think additional stimulus is needed, that it won't help, or that there's too much political risk to take bold action, precisely the problem he said hampered the Japanese in his famous 2002 speech on deflation.

Most worrisome of all might have been comments out of German Chancellor Angela Merkel last weekend, when she said, “Politicians can’t and won’t simply run after the markets. The markets want to force us to do certain things. That we won’t do. Politicians have to make sure that we’re unassailable, that we can make policy for the people.”

This is after a 25% drop in the DAX, and the leader of the country that holds all the cards in Europe says that she won't be bullied by markets. The Bernanke/Merkel/Trichet put may exist, but its strike price appears to be a lot lower than many thought.

When nearly every major bank in Europe has a credit spread north of 300bps or is headed there in a hurry, I'm not going to make the argument that so-so US economic data, solid earnings, and attractive valuations will win out in the short term. Markets are cruel and merciless when it comes to leveraged institutions under financial stress. In 2008-09 to combat this we got TARP, the AIG (AIG) bailout, the stimulus package, the Temporary Liquidity Guarantee Program (TLGP), a whole host of other short-term funding programs from the Fed, and finally in March of 2009 we got green shoots, second derivative improvements in the economy. Today we have, "Most of the economic policies that support robust economic growth in the long run are outside the province of the central bank." If the SPX went to 700-800 we would see multi-generational bargains for a whole host of names, many of which would trade at around cash value plus a 2-3 multiple on earnings. But structurally, there's no reason why it can't happen. If you want to take risk here, only own things you're willing to own in a down 20-30% tape, because that's what we could see over the next month.’

Stocks Woosh Higher in Vacuum, Now Perfectly Poised for Disappointment at The Wall Street Journal

What to Expect Next From the Markets at Minyanville  Jeffrey Cooper Aug 29, 2011 ‘Conclusion: It looks like a program was run using the least amount of dollars to goose the indices by focusing on some big cap names like Apple (AAPL), Amazon (AMZN), Baidu (BIDU), IBM (IBM), and Caterpillar (CAT) on Friday. That is why the market is so dangerous here ‘ ‘From a technical perspective, the markets are looking dangerous right now. On Friday, a big buy program was run for Ben Bernanke’s speech after running the stops and getting traders short.

The S&P buckled after breaking the 1154 mid-point of the recent range, running the stops and trapping shorts for good measure on a Pinocchio of the key 1140 support, as offered in the last report.

However a first hour low was scored in a mirror image of recent first hour highs and I sent an alert to cover shorts. Combined with Bernanke’s speech, the flip was switched to save a poor weekly close when the S&P recaptured 1154.

A 10 minute chart of the SPY shows a downside ORB (a break of the opening range defined by the first 30 minutes) to flush the stops, and then an ORB Reversal back through the level of the downside pivot, followed by a powerful Reverse ORB on a thrust back through the top of the opening range implying a trend day to the upside.

http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/29/ARCX_SPY_10%20--%20SPDR%20S&P%20500%20TRUST.jpg

The promise of the Catapult ORB -- first to the downside then back to the upside -- was further fulfilled on penetrating topside lateral resistance above 117 SPY.

In so doing, the notion of a Fed Cha Cha Cha was turned into more of a jitterbug for the shorts to run for cover.

The ensuing extension by the SPY led to a retracement back to the low of Thursday’s high bar.

Thursday gave a first hour high while Friday gave a first hour low as the robots play ping pong with tape.

One might fairly call Friday the “case of the missing ‘cha’".

Typically following Fedspeak, there is a sequence of 3 moves in opposite directions with the third move being the genuine bias.

In Thursday morning’s report I suggested that the direction following the first hour on that day should be the bias into the weekend. There was a change of character in the dynamics which the Reverse ORB did a good job of identifying.

There is another short term change in character implying a continuation on Monday morning (whether that will define a first hour high again near the important 1180ish resistance remains to be seen).

That short term change in character is set up by Friday’s Reversal of a Reversal, or what I call a ‘Kaiser Soze’.

Why? The important Three Day Chart Turned down on Monday as the S&P traced out 3 consecutive lower daily lows. In addition, Monday saw the Weekly Swing Chart turn down.

http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/29/SPXweeklyJulyb.jpg
Click to enlarge

The fact that the turndown was marginal and defined a low immediately in terms of both time and price was a bullish indication of a short term test and a potential short term “W” bottom on the daily charts.

The takeaway was a multi-day rally which played out, finally satisfying a kiss of the overhead 20 day moving average which the S&P failed to accomplish on the first rally off the lows.

http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/29/INDEX_$SPX_D%20--%20S&P%20500%20INDEX%20%7BDelay20%7D.jpg

The tag of the 20 dma, which played out on Thursday, was the first test of that trendline since the Cascade Setup began in July.

A pullback to the 20 dma is referred to by many traders as the Holy Grail for its effectiveness in defining a reversal point -- especially the first time.

Like clockwork, the S&P was rejected by the 20 dma on Thursday in concert with a turnup of the Three Day Chart. This defined another high, setting up a continuation trade for Friday to the downside.

However, a funny thing happened when the bears pressed the case of the “yes we have no QE3 Bananas for you” speech at the Jackson Hole forum -- the S&P left a Reversal of a Reversal, stopping right at the 20 day moving average and flirting with an extension above it this morning. This would coincide with a breakout over a trendline from late July.

Not all breakouts are created equal, as we saw with the breakout to a new high in May this year and also on the short-lived trendline breakout into the important July 7th pivot high.

http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/29/SPXdailyAprilb.jpg
Click to enlarge

My rule of thumb is that breakouts and upspikes in persistent bear phases are made for the selling. However, as the weekly chart of the S&P shows, the index will turn its weekly chart back up on trade over last week's high of 1190.68 (Thursday’s first hour high).

The normal expectation is that this would set up another high, but because of the pattern of the W bottom, the constructive behavior on last week's turndown of the Weekly Swing Chart, and because the S&P is poised to pop over its 20 dma this morning which coincides with a breakout over a declining trendline, there is a likelihood that the bears will keep their claws in their pockets and the bulls may snort a little. While I would give the market its due on the upside if the action is constructive following the turn up of the weekly chart -- which the futes suggest will occur near the open -- I am not too interested in being long more than a few hours and overnight.

Be that as it may, a further change in short term behavior and constructive action following a turn up of the Weekly Swing Chart suggests a move to/over 1208, the recent swing high.

At the same time the the 55-day panic point from the July 7th pivot window does not close until August 31st, so this is tricky here. However, the market is not a fine Swiss watch and when it comes to these cycles one must allow for plus or minus a few days. I think we should key off the behavior following a turnup in the weekly chart and the action following the first hour. If the trend is still in runaway down mode, another high could be defined quickly. I would exercise some patience here and let the market speak.

The cycles suggest another short-term plunge into September 3rd and then a bigger rally to 1220 or higher into/around the end of the first week of September to September 11th. It then suggests another plunge that undercuts the 1100 low to possibly as low as 1018ish. If a flush of the lows plays out under 1100, it could mirror the pattern from 1937 or 1938. In other words it could be a fractal of the first waterfall decline with a marginal undercut, or we could see a deep flush of the lows.

The takeaway is that not all W bottoms are created equal. Often a W V pattern plays out. This is the pattern that played out from the triangle/consolidation in late 2008 to the “V” in March ’09.

http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/29/DJ-30%201937%20-%201938%20final%202.jpg

While the institutional bulls are caught long on the trap door setup from August, a little strategy is required: above 1180 and then 1200 could see the S&P test 1220ish. This marks the double tops from April/November 2010. When the market knifed though those prior highs, which should have been ultimate support if the trend was still healthy, the Head & Shoulders Top projection to 1150 at a minimum became irrefutable. Those prior peaks near 1220, now broken, should offer substantial resistance. However, with many funds trapped short and everyone looking for a test of the neckline near 1250/1260 and a test of the 200 day moving average as it turns down, reconfirming the sign of the bear, it’s anybody’s guess if the sellers let it get back there -- at least in September. Perhaps a test of the 200 day plays out after a ‘W V’ and a flush of the lows, leading to a big “Bankers Rally”/Christmas rally to rescue bonuses, like in 2007.

Conclusion: It looks like a program was run using the least amount of dollars to goose the indices by focusing on some big cap names like Apple (AAPL), Amazon (AMZN), Baidu (BIDU), IBM (IBM), and Caterpillar (CAT) on Friday.

That is why the market is so dangerous here -- because despite big gains in these names when a big fund turns around to liquidate, they find few substantial bids on the way back down and these same stocks can be down 4 and 5 points again with another 400 point DJIA down day. When exactly that next break comes is anybody’s guess, but cycles suggest it is sooner rather than later. I would be patient about being too long for more than a few hours to a day or two for the time being. With everyone looking for the Big Backtest of the 200 dma, it is also anybody’s guess as to when that arrives -- from here or following a flush out of the lows. With everyone eyeing perceived targets of S&P 1220 to 1250, will the market just burn out here with everybody waiting and with an undercut of the lows having to play out before a better rally into year end? It is interesting that the war cycle from 1990 -- when Iraq's invasion of Kuwait on August 2nd precipitated a market waterfall -- that there was a July pivot high as there was this year.

In 1990 there was no low until October. August 2, 1990 was 252 months ago, tying to the big September 3rd historic cycle (which includes the 1929 all time high). In addition we have the 120 month anniversary of 9/11 and that Spike & Reversal pattern coming up, so I think a lot of volatility remains in store and patience and discipline will be critical no matter how good a short term change in character appears.

Strategy: I would look to scalp long above 1170 and scalp short below 1160. Monday may hold up, but it will be interesting to see if we reach the high for the week today -- in bear phases the first hour of the session often times scores the high for the day. If Tuesday is a reversal day, I suspect the market will trend down into the Labor Day weekend. If the market rallies up into the weekend it should define another ledge and jumping off point.

Gold broke according to expectations early last week from just above 1900. Another short sets up in the 1820 zone if it hasn’t already topped with a turnup of the daily charts on Friday. Ditto iShares Silver Trust (SLV). The next break should target 1660 and below that 1590.’

Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘There will be no significant recovery in the United States of America while Barack Obama is President.  The evidence is overwhelming:  everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed.  Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each.  Nearly 2-1/2 million fewer Americans have jobs than before the stimulus.

Barack Obama has been President for 30 months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.  He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW.  His broken campaign promises are too numerous to list.  At some point, his statute of limitations on blaming Bush runs out.  The latest joke is that the White House is that named the location of East Coast earthquake near DC “Bush’s Fault.”

Obama himself said, “…that after three years, if the economy wasn’t fixed he should be a one-term president.”

Clearly the economic malaise started on George W. Bush’s watch.  Its causes will be argued for decades, but most of them are traceable to irresponsible lending and excessive spending— both by government and the American people.  The trouble that started before 2008 is directly traceable to actions (or inactions) of Bush and GOP allies in Congress.  They spent America into the start of the current deficit during his eight years in the White House.

But that was then, and this is now. Since Obama took office the situation has gotten much, much worse. Obama has run up the deficit at more than twice the rate Bush did. During the first quarter of 2011, the US economy “barely grew” —at 0.4%—that was followed by second quarter’s “anemic growth” of 1%.  This was during the period when the Obama recovery was supposed to be well underway.  Employment data is unremittingly terrible:  new jobless claims are stuck at 400,000+/- each month, with job creation well below what it takes just to absorb new workforce entrants.  More Americans have been unemployed longer than ever in our history.  And looking ahead, the news is not good.

This is Obama’s failed American recovery, and in the near future, Obama’s impending double-dip recession (thanks in no small part to his three consecutive years with Trillion-dollar in deficits that have inflated the national deficit to soaring heights—$14+ Trillion.)  That legacy clearly belongs to President Barack Obama and with help from the Congress led by Harry Reid and Nancy Pelosi during 2008-2010.   Thanks to them, our country hasn’t even had a budget since Obama took office.

The latest Obama Blame Finger pointing focuses on the “Tea Party” as “extremists” who have a problem with astronomical deficits as far as the eye can see.  (Pointing at Bush is getting a little old since he’s been out of office for 2-1/2 years).  Obama needs a new scapegoat.  The problem with the Tea Party is that it is like the child in the fairy tale, “The Emperors New Clothes.” The child is reviled for pointing out that the emperor is naked.  Thus, the Tea Party is not wrong, just unwelcome.

Now Obama also wants to point the Blame Finger at the GOP House for the downgrade in the US debt rating by Standard and Poor’s.  It seems that he believes that everyone else is to blame but him. That downgrade was predestined by the combination of irresponsible spending and Obama’s clueless attempts to throw money at a recovery to no avail.  Spending $1.50 for every dollar of revenue, running trillion dollar annual deficits is reason enough for a downgrade in the US debt rating.

Face it folks:  This is Obama’s failed recovery. And if (or when) it comes to pass, this “double-dip” recession (just around the corner) is his too.

Make no mistake, there IS plenty of blame to go around.  About 75% of Americans are fed up with both Obama and Congress.   The conservative and liberal factions of the House and Senate behaved badly in the recent debt ceiling negotiation.  President Obama wanted to stay above the fray so he provided no leadership. He didn’t even know how to bring the opposing viewpoints together.  He talked about bi-partisanship and consensus, but his actions disproved his words.

Until the president saw an impending disaster, he sat on the sidelines, afraid to do anything that might hinder his reelection campaign.  Then, when his intervention didn’t help, and arguably hurt the progress, he grew impatient, petulant and angry.

John Boehner, however, did an admirable job trying to build a compromise deal on the debt ceiling, and get his own Caucus to support such a plan.  Except, Obama was attacked by his liberal base for even considering the “grand bargain,” so he came in and dumped another “raise taxes more” demand on Boehner.  I’d have walked out too, which Boehner was right to do.

But at least they were arguing about the right thing: how much to cut spending and how.

The Tea Party’s desire for fiscal responsibility is right, but it doesn’t mean that tax revenue can’t be increased.  It can; how it’s done is what matters.  The tax code desperately needs to be restructured.  Simply digging in on old positions doesn’t help; it hurts.  The goal is to “get the country working again,” and grow our way out of this mess.

The one phrase of President Obama’s that I agree with is “Country First.”  But John Boehner was the one who tried his best to put “Country First.”  If Obama truly chooses that as his 2012 campaign slogan, it will reek of hypocrisy.

If the members of Congress would put 1) country first, 2) constituents wishes next, and 3) personal agendas last, they might be able to work together to find a way out of this mess.

What happens in the Super-Committee of Twelve will be both revealing and predictive.  Either America’s Congressional leaders will—or won’t—put "country first" and try to find common ground and reasonable compromises to lead America out of this mess.

Whatever happens, this failed recovery and impending recession belong to President Barack Obama.  His condescending explanations of why “we Americans” don’t get it, how “this will take a long time,” this recovery, and his “class warfare” about “millionaires and billionaires” versus the “common folk” are all wearing thin.

This kind of rhetoric won’t solve America’s problems.   It takes strong, informed, and experienced leadership to get through a mess like this one. We need a fixer, not a hypocritical speechmaker in the White House.  Barack Obama is not that man.  A wise man once told me, “The person who got you into a problem is seldom the one who will get you out of it.” That’s why there will be no recovery on Obama’s watch…’

Chart Shock: The REAL Unemployment Rate Is 22% The Daily Bail September 2, 2011 http://www.infowars.com/chart-shock-the-real-unemployment-rate-is-22

http://dailybail.com/storage/chart-real-unemployment-3.gif?__SQUARESPACE_CACHEVERSION=1314981227699

’It’s now above 23% with the August update.  Details from John William’s Shadow Stats.’ Shadow Stats ‘The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers. The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.’

Deja Vu All Over Again: Total US Debt Passes Debt Ceiling… In Under One Month Since Extension Sep 2nd, 2011 News (ZeroHedge) — ‘Remember when one month ago the US, to much pomp and circumstance, not to mention one downgrade, announced a grand bargain raising the debt ceiling from $14.294 trillion to something much higher, with a stop gap intermediate ceiling of $14.694 trillion, or $400 billion more. Well, as of today, or less than a month since the expansion, total US debt is at $14.697 trillion. Yep – the total debt is again over the ceiling, which means the US debt increased by $400 billion in one month. Score one for fiscal prudence. And while the total debt subject to the limit is still slightly less, at $14.652, one week of Treasury auctions and will be time for Moody’s to justify again why the US is a quadruple A credit. http://www.usagold.com/pete/newsviews/DebtCeiling.jpg ‘

Global Recession: Right Here, Right Now at Minyanville  Mike Mish Shedlock Sep 02, 2011 Why are we talking about avoiding recession when the global economy is clearly in one and fundamentals are horrendous?

‘It's time to stop debating whether or not the US or Europe is headed into recession. The facts show the entire global economy is in recession.

Global Recession Supporting Data-Points

Euro zone’s manufacturing purchasing managers’ index fell to a two-year low of 49.0 in August, down from a preliminary reading of 49.7. (Business Insider)

PMI’s contractions seen in Ireland, France, Italy, Spain and Greece. (Business Insider)

Germany’s manufacturing PMI slowed to its lowest level since September 2009, slumping to 50.9, well below an initial estimate of 52.0. (Business Insider)

US Manufacturing ISM ex-inventory Growth is in contraction (Mish)

Japan's PMI fell at three-month low (Financial Times)

PMI readings in Switzerland and Sweden dropped (Financial Times)

British manufacturing PMI fells 49, hitting a 26-month low (MarketWatch)

Germany private consumption fell for first time since Q4 2009; Manufacturing growth slowest in 23 months (Reuters)

Japan capital spending plummeted 7.8%; In Q2, expectations were for 1% increase (RTT)

US construction declines 3.5% vs. same period in 2010 (US Census Bureau)

China exports to US contract, PMI is barely above contraction (Reuters)

Container traffic at Port of Long Beach drops 3.17%, smack in face of normal Christmas season ramp-up (Bloomberg)

Canada GDP unexpectedly declines, led by a 2.1% drop in exports (Bloomberg)

Brazil unexpectedly cuts interest rates .5% to combat recession; 62 of 62 analysts miss call on rate cut (Mish)

Taiwan's PMI dropped to 45.2 in August, the lowest reading since January 2009 (Reuters)

German economy grew just 0.1 percent in the second quarter (Reuters)

Switzerland economy grew at its slowest pace since 2009, as a record strong Swiss franc bites into exports. (Reuters)

Retail giant in Australia warns of massive price deflation and falling sales, "Hardest Christmas in Retailer Lives" coming up (Mish)

US see zero jobs growth, unemployment rate remains flat at 9.1% (Mish)

Ten Thoughts

1. Prior stimulus in the US is dead, having run its full course.
2. There is no incentive in the US Congress for more stimulus.
3. Austerity measures have yet to hit Italy and France.
4. Austerity measures will continue to bite Spain, Greece, Ireland.
5. Germany's export machine will die without the rest of Europe.
6. QE3 will fail much sooner than QE2 as interest rates already extremely accommodating.
7. Gold may respond well to competitive currency devaluation schemes.
8. The Eurozone is highly likely to breakup, although timing is unknown.
9. Global equities and commodities are priced for perfection.
10. Perfection is not happening.

 Talk of avoiding recession when the global economy is clearly in one and fundamentals are horrendous is sheer lunacy. For more, see Mish's Global Economic Trend Analysis here.’

U.S. Postal Service nearing bankruptcy as email asserts its dominance [Good! Let UPS take them over … the usps is totally unreliable]

Albert Edwards Has Another Reason You Should Worry About Profits at The Wall Street Journal Mark Gongloff

http://s.wsj.net/public/resources/images/OB-PM490_margin_K_20110906142805.jpg

‘Brendan posted earlier about how Citigroup is getting worried about profit margins. They’re not alone — Soc Gen’s in-house Dr. Doom, Albert Edwards, has a note today with his own take on the subject.

Shockingly, Mr. Edwards’s take is downbeat!

While Citi focused on the impact of government spending on corporate profits, Mr. Edwards zeroes in on the recent collapse in productivity and surge in labor costs and what they say about margins:

Last week the BLS revised the unit labor cost rise in Q2 up from 2.2% to 3.3% quarter over quarter. US non-farm business unit labour costs are now rising by 2% year over year. That is very bad news for profits. Bad news for equities. And because the pace of ULC is a key driver of inflation (upwards in this instance), it is bad news for an increasingly criticised and divided Fed.

Since labour costs overwhelmingly dominate corporate costs, trends in productivity are crucial to the pace of growth of company profits. If unit labour cost growth is below unit price inflation, then unit margins are expanding. This, together with unit sales growth (and the less important unit non-labour costs), arithmetically determine profit growth.

Typically, productivity growth tends to ebb and flow with the economic cycle – i.e. productivity tends to rise as the economy accelerates and vice versa. Therefore unit labour costs tend to fall sharply early in economic recoveries (as has happened recently), but typically begin to rise and eventually exceed output price inflation later in the cycle.

When unit labour costs start to rise quicker than output prices, as is the case now, this tends to exert an upward pressure on inflation as companies try to maintain margins. The pass-through of this upward pressure on inflation is largely determined by the pace of the cycle. If demand is robust, inflation will rise. If demand is weak and companies cannot pass on cost increases, margins and profits get crushed. That is the tipping point we have now reached.

And Wall Street analysts, in a truly shocking development, actually seem to be paying attention, Mr. Edwards writes:

[W]e should not be surprised at the pace of deterioration in analyst earnings optimism: in fact we have seen a near record rate of decline in US estimates over the past six months. In Europe things are even worse! As Andrew Lapthorne shows in this week’’s Global Equity Market Arithmetic, European (ex UK) the level of analyst optimism has now dived to 24%, a level only ever reached in recession.’

Why Every Investor Needs to Time the Market Breakout  ‘In tumultuous times conventional wisdom suggests buying then holding high quality, blue chip, dividend paying stocks for stability. The big idea is to avoid "timing the market" by extending the time frame beyond the current day, month, year or even decade. The value/yield camp tends to view volatile markets, such as that of 2011, as a chance to add to a portfolio while flighty "traders" panic in and out of stocks.The mathematical fact is those who have bought and held stocks over the last 3, 5 or even 10 years have lost money, either on an absolute basis or relative to inflation. Missing the 50% drop of 2008 didn't require intuition, charting or sophisticated financial analysis. Selling the news when Bear Stearns got sold for $2 got you out of the S&P500 well over 1,250. Selling the news of the Lehman collapse got you out of stocks well over 1,200 on the S&P. Once out, investors had two years to get back into the market below where they made their exit. I don't particularly regard stepping aside as trading; it's common sense. If investing in this manner is a mug's game, buying and holding forever, putting Blue Chips in a drawer forever, or dollar-cost averaging have been tantamount to financial self-abuse…’ This Is a Secular Bear Market and The End of Buy and Hold … and Hope http://www.albertpeia.com/endofbuyandhold.htm Brian Rezny June 03, 2010 ‘Buy and hold investing is a popular strategy, and the thinking is straightforward: in the long run, the market will offer returns, in spite of short-term volatility. In theory, this is a sensible idea. Unfortunately, this approach does not work in today’s market. Why not? Of course, the market is down for this month. But that’s not the reason this is not a buy and hold environment. It’s not just about the recent correction, or the end of a market rally. The current trend fits into a much bigger picture… and it’s a picture of a long-term bear market. Secular markets are long-term trends, typically lasting about 18 years…’ [ This was true and among my conclusions even back in 1977 when I did my MBA thesis: MBA Finance, NYU GBA, 1977. It most assuredly is glaringly true today. Fed Economists Predict A 15 Year Bear Market For Stocks Aug 23rd, 2011 News (BusinessInsider) , A Decade of Decline in Equity Markets Faisal Humayun [ This is a must read and explains how the market’s been artificially propped, the dow relative to hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was trading at 11,357 levels at the beginning of the year 2000. More than a decade later (as of beginning July 2011), the index is at 12582 (11,297). Therefore, the index has gained 11% (-0-% as of this day) in the last ten years…’ Yet, the inflationary dollar (declining) debasement rate was 31%. (-31%) {See the inflation calculator infra – and that’s just the government (inflation) numbers … reality is much worse!} Meanwhile, the frauds on wall street are churnin’ and earnin’ like never before at lightning computerized speeds enabling the high-frequency trades that are commissioned in unprecedented large volumes; a big net negative in real economic terms.]

Prepare For Recession And Bear Market at Forbes Sy Harding, ‘Brace yourself for a recession.

Central banks around the world seem to be doing so, making little effort to prevent it this time around, resigned to letting the business cycle play out.

Stock markets around the world also seem to be doing so. In anticipation of economic slowdowns that won’t slide all the way into recessions, stock markets normally decline only into corrections (declines of less than 20%). But they plunge into bear markets when recessions loom.

And global stock markets outside of the U.S. are already in full-fledged bear markets. That includes 10 of the world’s 12 largest economies, the exceptions being only the U.S. and Canada.

In order of the size of their economies, at the recent August lows the stock market in China, the world’s second largest economy, was down 23% from its November peak, Japan down 21%, Germany down 30%, France down 29%, the United Kingdom down 21%, Brazil down 33%, Italy down 39%, India down 25%, Russia down 28%, and Spain down 29%. The exceptions were the U.S. and Canada, which at their August lows were down only 16% (the Dow) and 18% respectively.

The recession and bear market are coming to the U.S. too, and may have already arrived.

You can be sure of that because it’s been one world economically for years, and historically global economies and stock markets tended to always move in and out of recessions and bear markets together even before their dependence on each other became so pronounced.

You can be sure of it because central banks seem willing to let it play out this time as in days of old, without intervention.

In the financial crisis of 2007-2008, it took a massive coordinated effort by global central banks to pull the world back from the brink of what would have been a total global financial collapse.

But when their economies began to slow again in 2010, without the world being on the brink of financial Armageddon, major nations outside of the U.S. were content to let the business cycle play out normally, arguing against the U.S. Fed’s decision to jump in with its QE2 stimulus efforts.

Indeed, while the Fed was making that massive monetary easing effort, central banks in Asia, Europe, and South America were tightening monetary policies and raising interest rates to ward off rising inflation, and to tackle the government debt crises created by their 2008-2009 bailout efforts.

The Fed’s QE2 effort pushed a flood of additional dollars into the global financial system, spiking the prices of commodities and paper assets like stocks, but had no lasting effect on even the U.S. economy.

This year, as global economies again slow significantly, central banks outside of the U.S. again seem content, or at least resigned, to letting the business and economic cycle play out, even though it likely means a global recession.

They refrain from saying anything too negative that might make matters worse, but for instance, this week the central bank of Brazil, which actually has one of the world’s strongest and fastest growing economies (but highest rate of inflation), warned that this downturn in global economies will not be as severe as in 2008-2009, but will be more prolonged.

The Financial Times reported Friday that “As the Organization for Economic Cooperation and Development’s forecasts showed on Thursday, the near-term economic outlook for the Group of Seven is dire, yet the mood is one of resignation. . . . Finance ministers across the G7 are searching for ways to explain their lack of likely coordinated action.”

And even in the U.S., the Federal Reserve has been clearly transparent about its reluctance to intervene this time.

With the economy far weaker than it was when the Fed intervened with QE2 last year, Fed Chairman Bernanke continues to say the Fed has some tools it can use if necessary, but will wait and see. In his most recent speeches he cautioned that the Fed is limited in what it can do anyway, and called for Congress to step up to the plate.

Thursday evening, President Obama did call for Congress to step up to the plate and pass his $450 billion jobs bill.

But even if the proposal should get through the political grinder of the grid-locked Congress, it would be too little too late by the time it could be implemented.

So prepare for a recession and bear market.

Hopefully investors learned from the 2000-2002 and 2007-2009 bear markets that Wall Street’s advice to diversify into ‘defensive’ stocks won’t do it. As I’ve shown you in previous columns, so-called defensive stocks, defensive because they pay high dividends or have been around a long time, are dragged down just as far as any in a bear market.

Back in ‘the old days’ the call of successful investors in times like this was that “cash is king”. Even receiving little to no interest income on cash was better than experiencing a 30 to 40% loss.

These days investors are better served. The availability of ‘inverse’ mutual funds and ‘inverse’ exchanged-traded funds, designed to move up when markets move down, make them the new king in bear markets. Cash may be better than losses, but the opportunities for 30% profits while others are experiencing 30% losses are even better.

In the interest of full disclosure, I and my subscribers have already taken double-digit profits from positions in the ProShares Short S&P 500 etf, symbol SH, and ProShares Short Russell 2000 etf, symbol RWM, and we’re looking at others.’

4 Bearish Mega Trends Simon Maierhofer, September 9, 2011, ‘In 2004, Daniel Simons of the University of Illinois and Christopher Chabris of Harvard University conducted an experiment that was as simple as it was fascinating.

If you want to be part of the experiment, watch this video before you read any further.

The Experiment

There are two groups of three people each. One group is wearing black shirts, the other group white shirts. The assignment is to watch how many times the players wearing white, pass the basketball.

If you counted 15, you are correct. But more importantly, did you notice the gorilla? While you were counting passes, a woman dressed in a gorilla suit walked slowly across the scene, stopped to face the camera and thumped her chest.

Half of the people watching the video with the intent of counting passes did not see the gorilla. The experiment illustrates the phenomenon of unintentional blindness. This condition, also known as perceptual blindness, prevents people from perceiving things that are in plain sight.

For most of 2010-11 Wall Street was so enamored by the magical powers of QE2 that it forgot about the 800-pound gorilla - the economy that wasn't improving. In fact, the economy continued deteriorating in plain sight.

There are five bearish mega trends that may draw stock prices much lower over the coming years. Here are the five mega trends (and what will make stocks rally in between).

U.S. Deficit

For a moment, take a mental journey with me back in time. We are now in early 2008. The major indexes a la S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI), and Nasdaq (Nasdaq: ^IXIC) are slowly coming off their all-time high, but the collapse of Lehman Brothers has not yet hit the news.

Unbeknownst to most, the perfect financial storm is brewing. Once the storm hits, it is much worse than anyone expected. But, the eventual damage is limited. Why? Because, the government steps up and does what it takes to prevent the financial system from failing.

Today has the feel of early 2008. Another perfect storm may be brewing. Will the government be there to do what it takes to support 'too big to fail?' No! In 2008 financial companies were in trouble. In 2011 entire countries (look at Europe and the U.S.) are struggling to escape the grip of delinquency.

A Decelerating Generation

Starting in 2011, more than 10,000 baby boomers a day will turn 65, a pattern that will continue for the next 19 years. This dry humor cartoon encapsulates the problem retirees' face today:

Two older gentlemen are having a drink. One says: 'As a Baby Boomer, I never thought the boom would be the sound of my retirement accounts collapsing.' He'd like to sip on a nice Scotch while enjoying a steak, but has to settle for water and free bread sticks at Olive Garden.

Most retirees still haven't recovered from the lost decade. Let's make the term lost decade more personal. A 55 year old with $100,000 in his retirement account at the beginning of the year 2000 and a 6% projected rate of return, would have $201,419 today.

The S&P trades 20% below its 2000 level. Courtesy of the lost decade, that $100,000 in the year 2000 has turned into $80,000 today (perhaps less if invested too aggressively). In other words, many retirees may have to get by on less than half of their expected nest egg. In addition, their home, rather than being an asset (many considered it an ATM a few years ago), has turned into a liability.

It doesn't take much imagination to see that strapped retirees are bad for economic growth. When the focus is on survival rather than pleasure, sectors like technology (NYSEArca: XLK - News), retail (NYSEArca: XRT - News), and consumer discretionary (NYSEArca: XLY - News) suffer.

In addition, baby boomers that have been buying stocks for decades (think of all the 401k money) are now turning into sellers of stock.

Low Interest Rates

Low interest rates are great for the U.S. government because it reduces debt payments on Treasuries and businesses wanting to expand. Unfortunately, businesses don't feel like expanding or even hiring and for pretty much everyone else low interest rates are negative.

Some try to sell the idea that low interest rates are good for stocks (NYSEArca: VTI - News) because money will flow from low interest bonds into stocks in an effort to get a better return.

The chart below plots the Nikkei against Japan's version of the discount rate. The discount rate has been below 1% since 1995. At the same time the Nikkei has dropped from above 20,000 to below 10,000. Much of this happened during a raging global bull market. Imagine what a global bear market can do to U.S. stocks.

https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20japan%20discount.gif

Low interest rates are a double negative because they reduce available spending for retirees who need to get as much income as possible to survive.

Coming to a Head

The above three bearish trends were highlighted in detail in various 2011 ETF Profit Strategy Newsletters. Due to those, and other mega trends, the Newsletter has been expecting a major market top.

For much of 2011 however, the expectation of a major market top was postponed until the ideal target range was reached. The April 3 ETF Profit Strategy update included a precise range for a major market top: 'In terms of resistance levels, the 1,369 - 1,382 range is a strong candidate for a reversal of potentially historic proportions. '

Why was S&P 1,369 - 1,382 a candidate for a reversal of historic proportions? The chart below, published by the ETF Profit Strategy Newsletter in March and many times since, has the answer.

https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20M%20pattern.gif

What you see is a giant M, or head and shoulders top. The right shoulder was made up of the parallel trend channel that connects the 2002 and 2009 low, with the 2000 high. In April/May the upper line of the trend channel ran through 1,377. Additional resistance was provided by Fibonacci levels at 1,389 and 1,369.

On May 2, the S&P briefly spiked as high as 1,370.58 before retreating and eventually dropping 18% in twelve trading days (July 25 - August 9). Once the S&P dropped below the 200-day SMA it entered free fall territory.

The July 28 ETF Profit Strategy update warned that: 'A break below the 200-day SMA and the trend line may trigger panic selling. One way to avoid missing out on a potentially big opportunity is to use the 200-day SMA at 1,284 as delineation between bullish and bearish bets - buy as long as the 200-day SMA serves as support, sell if it becomes resistance.'

From top to bottom (once the bottom is in), the S&P will have fallen more than 250 points. No doubt this kind of move validates a counter trend rally. When and where will this rally start and how high will it go?

The ETF Profit Strategy Newsletter provides a detailed outlook for the remainder of 2011 along with the target for a 2011 bottom and 2011 top. The Newsletter doesn't promise to get every turn of the market right, but it will identify the money-losing gorillas. Just imagine if you sold your holdings at the target range for a major top.’

Zero Job Growth in August Supports Recession Case ETFguide.com

Why to Sell When Wall Street Says 'Buy' and Vice Versa ETFguide.com

S&P 1,100 And Lower - More Likely Than you Think Simon Maierhofer, On Friday September 9, 2011, ‘The S&P has been chopping around aimlessly for nearly a month. Wednesday ETF Profit Strategy update explained the reason and the outcome as follows:

'The aimless sideways trading and lack of powerful and predominantly one-directional rally suggests that the S&P is stuck in a mild up side correction to be followed by new lows. Range bound trading lulls investors into a false sense of security.'

Here are more than a handful of reasons why new lows are likely.

Up Trend Broken

The chart below shows the Dow Jones Industrials (DJI: ^DJI) since the March 2009 bottom. The DJIA weekly candle low touched the yellow trend line on different occasions before breaking through it on August 2.

The S&P 500 (SNP: ^GSPC) and Nasdaq (Nasdaq: ^IXIC) adhered to a similar but not as pronounced trend line. But the S&P also had a key experience on August 2. The August 2 ETF Profit Strategy Newsletter update observed regarding a head and shoulders top that the: 'S&P is about to break below the neckline around 1,249. A break below this neckline would unlock a measured target of S&P 1,140.'

The fact that both the DJIA and S&P 500 broke through necklines that have held for over two years is less than encouraging.

In addition, the S&P's May 2 high at 1,370 occurred right within the sweet spot of a major market top. The ETF Profit Strategy Newsletter published the chart below on various occasions throughout March, April and May and preached that S&P 1,369 - 1,382 is the ideal target range for a major market top (chart below was featured in the April 5 ETF Profit Strategy update).

https://www.etfguide.com/images/PDNewsletter_Images/5%20-%20April%203%20TF.jpg

Death Cross

The death cross is one of the most talked about technical events, that's why I don't put too much stock in it. However, there are two interesting facts about previous death crosses.

The 2000 and 2007 death cross occurred about three days before the S&P embarked on its next leg down. The 2010 death cross was actually a buy signal. However, it occurred after the S&P and DJIA bounced off the yellow trend line (this time the trend line was broken).

Seasonality

August, September, and October is the most bearish stretch of the year. September and October sport negative performance even in the pre-election year.

Sentiment

From S&P 1,370 on May 2 to S&P 1,258 on June 16, the S&P shed 112 points and sentiment measured by Investors Intelligence (II) and the American Association for Individual Investors (AAII) turned deeply bearish. The June 16 ETF Profit Strategy update took that as a queue to buy (long positions were closed at S&P 1,340).

From S&P 1,353 on July 7 to S&P 1,102 on August 9 the S&P lost 251 points, yet the II sentiment poll registered the second most bullish reading since the first week of May. AAII and II polls are often considered the 'dumb money.' If the 'dumb money' views last Wednesday's low as a buying opportunity, the 'smart money' should be suspicious.

VIX Pattern

If you have the charting capabilities, take a moment and plot the VIX (NYSEArca: VXX - News) against the S&P for the month of September - November 2008 and April - July 2010. If you don't have the time you may simply look at the chart below.

https://www.etfguide.com/images/PDNewsletter_Images/yahoo%20-%20vix%20pattern.gif

What we've seen in 2008 and 2010 is that a VIX peak did not coincide with the S&P bottom. The S&P bottom actually occurred against a lower VIX reading. If this pattern continues, we will see lower lows.

The August 14 ETF Profit Strategy update includes a detailed analysis of the VIX pattern, along with the time frame and target level for an expected turn.

The Script

Via more or less accidental chart surfing I found a striking resemblance between the 2007 market top and the May 2011 top.  This moved me to state in the July 17 Profit Strategy update that:

'There is a similar trend line and a triple top above the trend line. A break below that trend line could be a precursor of bad things. Next week the trend line will be at about 1,262.'

The S&P sliced through that trend line on August 4 and fell an additional 12% within the next four days (this ascending trend line is now a big target and resistance).

The August 7 Profit Strategy update revisited that script and concluded this: 'We now have a rough script; let's see how much lip the actors will add during the live performance (I.e. S&P downgrade).

The two main things I have taken away from the 2007 script are:

1) There will be a new low.

2) There will be a powerful counter trend rally to around 1,xxx (reserved for subscribers).'

Short-term Outlook

Wednesday's (September 7) ETF Profit Strategy update advised aggressive investors to short the S&P 500 as soon as it breaks below 1,173. This doesn't mean that stocks can't go higher, but shorting the S&P against major support/resistance (with a tight stop-loss above) is the only conservative way to assure participation in the next leg down…’

Ominous Bear Flag Pattern Suggests S&P 500 At 1,000 Scott Redler ‘Talk of a possible Greek debt default grew louder as the day wore on Friday, with several euro zone officials commenting that they expect a default over the weekend. Naturally, the markets didn’t respond positively to the news. Combine that with the terror alerts in New York City and Washington, D.C., this weekend for the 10th anniversary of 9/11, and it was a recipe for heavy selling.

The Dow closed off more than 300 points to finish another wildly volatile week, and based on the action and news, we could be headed for another huge Monday morning gap down. However, it was difficult to chase shorts at the end of the day at such oversold levels, because if the Greek default doesn’t come to fruition and there is no major terrorist attack, those short positions would likely be in serious pain.

The news of a possible Greek default, which would be a historic first-time event, overshadowed any individual stock stories today. In isolation, the default of a relatively small Eurozone economy would not be the “end of the world”, but with other, larger Euro economies standing on extremely shaky ground (especially Italy), such an event could trigger a domino effect unlike anything ever witnessed in modern human history.

Conventional wisdom would tell you that gold shot through the roof on a day like this, but whispers about potential margin hikes pushed GLD to a lower open and seemed to keep the metal at bay. Even with the market tanking, GLD had a hard time ticking higher.

Technical Take

If you take a step back and look at the SPY chart on a daily and even weekly time frame, the obvious pattern that jumps out at you is a wide, but well-defined, bear flag. Previously, we noted the well-defined head and shoulders pattern that forecast the deep correction.

The only strategies that have worked, and provided limited risk, over the past month have been buying and selling extreme moves in both directions. Large gap downs on Monday and Tuesday had investors extremely bearish–the most bearish since September 2007–which gave way to a steep short squeeze.

As we’ve seen before, that low-volume bounce/short squeeze was only “transitory”, as Ben Bernanke would put it. The oversold bounce we saw early in the week actually turned out to be a negative event for the bulls, because it allowed the market to work off its severely oversold condition and prime for another plunge.

After such a harsh move lower, which began around the time of the debt ceiling debate and S&P downgrade, it is natural for there to be some indecision in the indices. However, nobody would have expected the range to remain as wide as it has been. Resolution to this pattern will come at one point or another, and based in the in-bound move, there will be a powerful secondary move (more than likely to the downside). The lower end of the channel also lines up with the 200-week Moving Average, which will be another crucial technical level.

The measured move could take the S&P down to the 1,000 range if a worst-case type scenario plays out, which would involve a Greek debt default that triggered a domino effect in Europe that could likely trigger defaults in at least a few other PIIGS (Portugal, Ireland, Italy, Greece, Spain) nations as well.

http://blogs-images.forbes.com/greatspeculations/files/2011/09/SP-bear-flag-1024x675.png

Technically, we are also seeing some clues that tell us that all is not well with Mr. Market. Nearly every sector is currently mired in a bearish technical formation; there are no rays of light. The one area of relative strength early in the week, is starting to look ready to break down as well.

One clue we look to first is high-beta tech. If the market is healthy under the hood, the leading high-beta tech stocks will usually hold up well. We saw some relative strength early in the week from the likes of Apple Inc. (AAPL), Amazon.com Inc. (AMZN) and Baidu.com Inc. (BIDU), but none of them were able to withstand the force of today’s drop. AAPL and BIDU in particular look to be forming wedge continuation patterns, which generally resolve to the downside.

During the formation of the head and shoulders pattern, for example, the Industrials (XLI) and the Homebuilders (XHB) started to break down first, which signaled to us that the rest of the market wasn’t far behind.

When selling is isolated and weak sectors drag the market down, it can be considered a buying opportunity for strong stocks. When selling is more across-the-board, it’s a sign to get of the way.

The measured move of the head and shoulder played out almost to a ‘T’ (as you can see on the chart). Technical patterns aren’t always perfect, but they provide a good roadmap. Another thing you have to understand about technical analysis too is that it is largely a self-fulfilling prophecy. Moves in the market often play out simply because a large group of traders and investors are reacting based on the same set of rules.

Before the break of the head and shoulders, you had the more mainstream media start talking about the ‘scary’ head and shoulders top pattern, which got both Main St. and Wall St. bearish. Now, everyone in the industry is talking about this ominous bear flag pattern, which is likely to make its rounds in the more mainstream media this weekend (along with the news about Greece).

Final Word

While doomsday talk is rampant right now–between a domino effect of European sovereign debt defaults to 9/11 anniversary attacks–as traders we never trade based on assumptions. The traders who are consistent and profitable over the long haul are the ones who, first and foremost, limit their risk. At the end of the day today, for example, there is enormous risk for both longs and shorts.

If Greece does default and/or there is some sort of attack on NYC/DC, the market is sure to open sharply lower on Monday. However, if one or both of those events do not occur, shorts would be in for a massive squeeze. After such a harsh down day like today, it is best to take any profits you may have generated and take a firm seat on the sidelines.

Even if you are not involved in the weekend trade, there will be tremendous opportunity over the next few weeks to take advantage of this historic market volatility. Great opportunity comes with great risk, so be sure to, more than ever, stick to your personal trading rules and don’t make big bets you can’t afford to pay off.’

Unprecedented Monthly Volume Sell-Off Suggests Now's the Time to Take Shelter at Minyanville Kevin A. Tuttle Sep 12, 2011 ‘Do not concern yourself if the market goes up today, tomorrow, or a month from now. The risk of entering is not worth the reward.

Over the weekend I had the pleasure of speaking with a very prominent European money manager – overseeing hundreds of billions – about the "across-the-pond" financial crisis unwind and looming hazard of a potential domino-effect coming to fruition. Without rehashing the entire conversation, the consensus is not "if," it’s "when" will the developing pressure finally blow. He actually went so far as to say it could truly begin unraveling within the next few weeks considering the catalysts currently in play.

The intent of providing the conversation synopsis is not for sake of fear, but understanding the potential ramifications. About three years ago, in one of my firm's quarterly reports, we opined on a unique situation in regard to the GDP measurements of Global Nations. It stated the unprecedented growth statistics from the 56 nations tracked. “History is currently being made in the sense that all the globally tracked economic growth nations (56), every one… 100%..., are showing expansion.” This lead to my next comment… “If the economic cycle pendulum swings in both directions what would happen if the inverse occurred?” Are 2011/2012 the years we are about to find out? Maybe that’s somewhat extreme, but yet… is it possible?

We at my firm do not pretend to be intelligent enough to figure out all the nuances, catalysts, causes and reasons why the markets could fall apart; we’ll leave it to the team of economists and officials to attempt to sort that out. What we do instead is try to determine when the storm is coming and how to take shelter, which brings me to my point: Now is the time. Take shelter! Do not concern yourself if the market goes up today, tomorrow or a month from now. Clarity is key! Would you sail your boat into rocky waters with a potential hurricane looming because of your love of sailing? Is the risk worth the reward? For some, maybe; but for most, probably not.

http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/jo.jpg

Since the "2011 Channel of Indecision" broke on August 4, the seas have picked up dramatically and have begun swallowing ships. The markets have never seen this type of monthly volume sell-off – 47% above average (unprecedented), as seen in the monthly chart above. As Kenny Rogers put it so eloquently… “Know when to hold em’ and know when to fold em', know when to walk away, know when to run!”

Editor's Note: Read more at Tuttle Asset Management.’

What's the Long-Term Outlook for Stocks and The Economy? ETFguide Simon Maierhofer, September 12, 2011, ‘The stock market's summer performance has been nothing but stunning. Seeing daily swings in excess of 4% has become as common as American fast food in China.

Sometimes it's helpful to step back and shift the focus from day-to-day changes to multi-decade trends. This kind of big picture evaluation shows whether events like this summer's meltdown are just a hiccup or confirmation of a long-term trend (change).

MORE THAN JUST A MULTI-DECADE FLUKE

Gradual changes are often so subtle that they are nearly invisible to the naked eye or novice observer. But, just because a change is gradual doesn't mean it's insignificant.

Let's take a look at the basic make up of the U.S. economy. A few decades ago, sweat-trenched U.S. manufacturing facilities were the most fertile, growth-producing environment on the planet. This growth was fueled by 'Made in America' products. The growth was organic and it was real.

The first red box in the chart below captures this period of powerful organic growth. It lasted from 1947 - 1966. During this period, GDP growth averaged 4.18%.

The second red box captures a period of growth fueled by low interest and financial engineering. During this period - from 1975 - 2000 - GDP growth averaged only 3.4%.

https://www.etfguide.com//contributor/UserFiles/8/Image/Growth%20Periods%20Yahoo.gif

(The above chart was featured in the March 2011 ETF Profit Strategy Newsletter)

The Only Original Dow Component, Not some Hot Tech Stock

General Electric (NYSE: GE - News), a company that prospered during both phases, aptly illustrates the difference between both periods.

Until the late 1960s, GE was known for manufacturing quality, American-made products like refrigerators, washing machines, stoves, light bulbs, and jet engines. GE manufactured real products, provided real jobs, and made real profits.

Starting in the 1980s GE changed its focus from blue collar manufacturing to white collar alchemy. GE ventured into television and high finance. GE's focus shifted from building quality products to financing purchases of competitor products. Ultimately, it went from manufacturing real products to building a financial house of cards.

In August 2000, GE traded as high as $60.5 a share. In 2009 it was as low as $5.73 - a 90% drop. Today, it's hovering around $15. As you ponder this change in valuation, keep in mind that GE is the only original Dow Jones Industrial Average (DJI: ^DJI) component, not some hot today cold tomorrow tech stock.

A NEW TREND IS BORN ... AND KILLED

Financially engineered (artificial) profits appeared to be the best new thing since sliced bread. However, GDP growth since 2000 has dropped dramatically, now only 1.71%. The post-2007 meltdown shows that an economy cannot be built on the financial (NYSEArca: XLF - News) and banking (NYSEArca: KBE - News) sectors.

It also shows that an artificial bull market is much more receptive to huge corrections. We've had the 2000 tech bust (NYSEArca: XLK - News), the 2005 real estate (NYSEArca: IYR - News) debacle, the 2007/2008 deflation of the financial sector, and most recently the summer 2011 meltdown.

If you think financially engineered profits are bad, brace yourself for what lies ahead. The hopes for economic prosperity (perhaps even survival) rest on Facebook, Twitter, Groupon, LinkedIn, Netflix, and the like.

Social networking isn't a proven business model, yet Facebook has an estimated market cap larger than those of Boeing, Home Depot, Walt Disney, Dell, Hewlett Packard, Costco, or even Goldman Sachs.

Hewlett-Packard employs 325,000 people, Home Depot 300,000, Boeing 160,000. However, Facebook cuts pay checks to only about 1,000 lucky employees.  Welcome to the future of high corporate profit margins and even higher unemployment.

Groupon has an estimated value of $6-9 billion, but its recipe of success is to coax businesses into providing discounts of 50 - 90%. Groupon is a classic economic leach that benefits by sucking the profits out of its client base and teaching its subscribers to buy only at discount prices. Welcome to a future of shrinking small business profits.

THE STOCK MARKET AGREES

The big picture fundamental outlook appears less than confidence inspiring. What about the big picture technical outlook?

The chart below (although small in size due to upload limitations) was featured in the March ETF Profit Strategy Newsletter and provides a big picture technical forecast. In fact, it's about as 'big picture' as it gets.

https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20M%20pattern.gif

What you see is a giant bearish M pattern, it could even be considered a head and shoulders pattern. The neckline is formed by the 2002 and 2009 lows.

To determine an upside price target, we drew a parallel channel that connects the 2002 and 2009 lows with the 2000 high. The April 3 ETF Profit Strategy update said the following about this trend channel and other resistance levels:

'For the month of April this trend line will traverse through 1,377. The 78.6% Fibonacci retracement is at 1,381.5. There is a fairly strong Fibonacci projection resistance at 1,369. In terms of resistance levels, the 1,369 - 1,382 range is a strong candidate for a reversal of potentially historic proportions.'

The S&P (SNP: ^GSPC) peaked on May 2 at 1,370.58 and has since lost as much as 269 points or 19%. The Nasdaq (Nasdaq: ^IXIC) has held up slightly better, but no matter how you slice it, the stock market has given up more than a year's worth of gains within a matter of weeks. The VIX (Chicago Options: ^VIX) spiked to the highest level in over a year.

In addition, all major U.S. indexes broke below a trend line that has provided support on nine different occasions since the March 2009 lows.

This doesn't prevent rallies. In fact, based on our research, we should see a sizeable rally soon. However, odds favor that the stock market's trend has changed from up to down…’

[video] Trader: Waiting for Treasury Bubble to Burst at TheStreet.com

Preparing for a Credit Crisis at Minyanville John Mauldin’ “I am sure the Euro will oblige us to introduce a new set of economic policy instruments. It is politically impossible to propose that now. But some day there will be a crisis and new instruments will be created.”-- Romano Prodi, EU Commission President, December 2001

Prodi and the other leaders who forged the euro … knew a crisis would develop, as Milton Friedman and many others had predicted. They accepted that as the price of European unity. But now the payment is coming due, and it is far larger than they probably thought…

The Consequences of Austerity

The markets are pricing in an almost 100% certainty of a Greek default (OK, actually 91%), and the rumors in trading circles of a default this weekend by Greece are rampant. Bloomberg (and everyone else) reported that Germany is making contingency plans for the default. Of course, Greece has issued three denials today that I can count. I am reminded of that splendid quote from the British ’80s sitcom, Yes, Prime Minister: “Never believe anything until it’s been officially denied.”

Germany is assuming a 50% loss for their banks and insurance companies. Sean Egan (head of very reliable bond-analyst firm Egan-Jones) thinks the ultimate haircut will be closer to 90%. And that is just for Greece. More on the contagion factor below.

“The existence of a ‘Plan B’ underscores German concerns that Greece’s failure to stick to budget-cutting targets threatens European efforts to tame the debt crisis rattling the euro. German lawmakers stepped up their criticism of Greece this week, threatening to withhold aid unless it meets the terms of its austerity package, after an international mission to Athens suspended its report on the country’s progress.

“ ‘Greece is “on a knife’s edge,”’ German Finance Minister Wolfgang Schaeuble told lawmakers at a closed-door meeting in Berlin on Sept. 7, a report in parliament’s bulletin showed yesterday. If the government can’t meet the aid terms, ‘it’s up to Greece to figure out how to get financing without the euro zone’s help,’ he later said in a speech to parliament.

“Schaeuble travelled to a meeting of central bankers and finance ministers from the Group of Seven nations in Marseille, France, today as they face calls to boost growth amid increasing threats from Europe’s debt crisis and a slowing global recovery.” (Bloomberg)

(There is an over/under betting pool in Europe on whether Schaeuble remains as Finance Minister much longer after this weekend’s G-7 meeting, given his clear disagreement with Angela Merkel. I think I take the under. Merkel is tough. Or maybe he decides to play nice. His press doesn’t make him sound like that type, though. They are playing high-level hardball in Germany.)

Anyone reading my letter for the last three years cannot be surprised that Greece will default. It is elementary school arithmetic. The Greek debt-to-GDP is currently at 140%. It will be close to 180% by year’s end (assuming someone gives them the money). The deficit is north of 15%. They simply cannot afford to make the interest payments. True market (not Eurozone-subsidized) interest rates on Greek short-term debt are close to 100%, as I read the press. Their long-term debt simply cannot be refinanced without Eurozone bailouts…

[Quick sidebar: If (when) the US goes into recession [We’re already in a recession!], have you thought about what the result will be? A recession of course means lower GDP, which will mean higher unemployment. That will increase costs due to increased unemployment and other government aid, and of course lower revenues as tax receipts (revenues) go down. Given the projections and path we are currently on, that means even higher deficits than we have now. If President Obama has his plan enacted, and if we go into a recession, we will see record-level deficits. Certainly over $1.5 trillion, and depending on the level of the recession, we could scare $2 trillion. Think the Tea Party will like that? Governments have less control than they think over these things. Ask Greece or any other country in a debt crisis how well they predicted their budgets.]

The Greeks were off by over 25%. And they are being asked to further cut their deficit by 4% or so every year for the next 3-4 years. That guarantees a full-blown depression. And it also means lower revenues and higher deficits, even at the reduced budget levels, which means they get further away from their goal, no matter how fast they run. They are now in a debt death spiral. There is no way out, short of Europe simply bailing them out for nothing, which is not likely.

Europe is going to deal with this Greek crisis. The problem is that this is the beginning of a string of crises and not the end. They do not appear, at least in public, to want to deal with the systemic problem of too much debt in all the peripheral countries…

Euro Breakup – The Consequences

“The Euro Should Not Exist (Like This)

“Under the current structure and with the current membership, the Euro does not work. Either the current structure will have to change, or the current membership will have to change.

“Fiscal Confederation, Not Break-Up

“Our base case with an overwhelming probability is that the Euro moves slowly (and painfully) towards some kind of fiscal integration. The risk case, of break-up, is considerably more costly and close to zero probability. Countries cannot be expelled, but sovereign states could choose to secede. However, popular discussion of the break-up option considerably underestimates the consequences of such a move.

“The Economic Cost (Part 1)

“The cost of a weak country leaving the Euro is significant. Consequences include sovereign default, corporate default, collapse of the banking system and collapse of international trade. There is little prospect of devaluation offering much assistance. We estimate that a weak Euro country leaving the Euro would incur a cost of around €9,500 to €11,500 per person in the exiting country during the first year. That cost would then probably amount to €3,000 to €4,000 per person per year over subsequent years. That equates to a range of 40% to 50% of GDP in the first year.

“The Economic Cost (Part 2)

“Were a stronger country such as Germany to leave the Euro, the consequences would include corporate default, recapitalization of the banking system and collapse of international trade. If Germany were to leave, we believe the cost to be around €6,000 to €8,000 for every German adult and child in the first year, and a range of €3,500 to €4,500 per person per year thereafter. That is the equivalent of 20% to 25% of GDP in the first year. In comparison, the cost of bailing out Greece, Ireland and Portugal entirely in the wake of the default of those countries would be a little over €1,000 per person, in a single hit.

“The Political Cost

“The economic cost is, in many ways, the least of the concerns investors should have about a break-up. Fragmentation of the Euro would incur political costs. Europe’s ‘soft power’ influence internationally would cease (as the concept of ‘Europe’ as an integrated polity becomes meaningless). It is also worth observing that almost no modern fiat currency monetary unions have broken up without some form of authoritarian or military government, or civil war.”

Welcome to the Hotel California

Welcome to the Hotel California
Such a lovely place
Such a lovely face
They livin’ it up at the Hotel California
What a nice surprise, bring your alibis

Last thing I remember, I was running for the door
I had to find the passage back to the place I was before
“Relax,” said the night man, “We are programmed to receive.
You can check out any time you like, but you can never leave!”
-- The Eagles, 1977

You can disagree with the UBS analysis in various particulars, but what it shows is that there is no free lunch. It is not a matter of pain or no pain, but of how much pain and how is it shared. And to make it more difficult, breaking up may cost more than to stay and suffer, for both weak and strong countries. There are no easy choices, no simple answers. Like the Hotel California, you can check in but you can’t leave! There are simply no provisions for doing so, or even for expelling a member.

The costs of leaving for Greece would be horrendous. But then so are the costs of staying. Choose wisely. Quoting again from the UBS report:

“… the only way for a country to leave the EMU in a legal manner is to negotiate an amendment of the treaty that creates an opt-out clause. Having negotiated the right to exit, the Member State could then, and only then, exercise its newly granted right. While this superficially seems a viable exit process, there are in fact some major obstacles.

“Negotiating an exit is likely to take an extended period of time. Bear in mind the exiting country is not negotiating with the Euro area, but with the entire European Union. All of the legislation and treaties governing the Euro are European Union treaties (and, indeed, form the constitution of the European Union). Several of the 27 countries that make up the European Union require referenda to be held on treaty changes, and several others may choose to hold a referendum. While enduring the protracted process of negotiation, which may be vetoed by any single government or electorate, the potential secessionist will experience most or all of the problems we highlight in the next section (bank runs, sovereign default, corporate default, and what may be euphemistically termed ‘civil unrest’).”

Leaving abruptly would result in a lengthy bank holiday and massive lawsuits and require the willingness to simply thumb your nose in the face of any European court, as contracts of all sorts would have to be voided. The Greek government would have to “conveniently” pass a law that would require all Greek businesses to pay back euro contracts in the “new drachma,” giving cover to their businesses, who simply could not find the euros to repay. But then, what about business going forward?

Medical supplies? Food? – The basics? You have to find hard currencies for what you don’t produce in the country. Greece is not energy self-sufficient, importing more than 70% of its energy needs. They have a massive trade deficit, which would almost disappear, as who outside of Greece would want the “new drachma?” Banking? Parts for boats and business equipment? The list goes on and on. Commerce would slump dramatically, transportation would suffer, and unemployment would skyrocket.

If Germany were to leave, its export-driven economy would be hit very hard. It is likely that the “new mark” would appreciate in value, much like the Swiss Franc, making exports from Germany even more costly. Not to mention potential trade barriers and the serious (and probably lengthy) recession that many of their export and remaining Eurozone trade partners would be thrown into. And German banks, which have loaned money in euros, would have depreciating assets and would need massive government support. (Just as they do now!)..

Ray Dalio and his brilliant economics team at Bridgewater have done a series of reports on a plan for Europe. Basically, it involves deciding which institutions must be saved (and at what cost) and letting the rest simply go their own way. If they are bankrupt, then so be it. Use the capital of Europe to save the important institutions (not shareholders or bondholders). Will they do it? Maybe.

The extraordinarily insightful and brilliant John Hussman recently wrote on a similar theme. He is a must-read for me. Quoting:

“The global economy is at a crossroad that demands a decision – whom will our leaders defend? One choice is to defend bondholders – existing owners of mismanaged banks, unserviceable peripheral European debt, and lenders who misallocated capital by reaching for yield and fees by making mortgage loans to anyone with a pulse. Defending bondholders will require forced austerity in government spending of already depressed economies, continued monetary distortions, and the use of public funds to recapitalize poor stewards of capital. It will do nothing for job creation, foreclosure reduction, or economic recovery.

“The alternative is to defend the public by focusing on the reduction of unserviceable debt burdens by restructuring mortgages and peripheral sovereign debt, recognizing that most financial institutions have more than enough shareholder capital and debt to their own bondholders to absorb losses without hurting customers or counterparties – but also recognizing that properly restructuring debt will wipe out many existing holders of mismanaged financials and will require a transfer of ownership and recapitalization by better stewards. That alternative also requires fiscal policy that couples the willingness to accept larger deficits in the near term with significant changes in the trajectory of long-term spending.

“In game theory, there is a concept known as ‘Nash equilibrium’ (following the work of John Nash). The key feature is that the strategy of each player is optimal, given the strategy chosen by the other players. For example, ‘I drive on the right / you drive on the right’ is a Nash equilibrium, and so is ‘I drive on the left / you drive on the left.’ Other choices are fatal.

“Presently, the global economy is in a low-level Nash equilibrium where consumers are reluctant to spend because corporations are reluctant to hire; while corporations are reluctant to hire because consumers are reluctant to spend. Unfortunately, simply offering consumers some tax relief, or trying to create hiring incentives in a vacuum, will not change this equilibrium because it does not address the underlying problem. Consumers are reluctant to spend because they continue to be overburdened by debt, with a significant proportion of mortgages underwater, fiscal policy that leans toward austerity, and monetary policy that distorts financial markets in a way that encourages further misallocation of capital while at the same time starving savers of any interest earnings at all.

“We cannot simply shift to a high-level equilibrium (consumers spend because employers hire, employers hire because consumers spend) until the balance sheet problem is addressed. This requires debt restructuring and mortgage restructuring. While there are certainly strategies (such as property appreciation rights) that can coordinate restructuring without public subsidies, large-scale restructuring will not be painless, and may result in market turbulence and self-serving cries from the financial sector about ‘global financial meltdown.’ But keep in mind that the global equity markets can lose $4-8 trillion of market value during a normal bear market. To believe that bondholders simply cannot be allowed to sustain losses is an absurdity. Debt restructuring is the best remaining option to treat a spreading cancer. Other choices are fatal.”

(Click here for the rest of the article.)

You think the world’s central banks and main institutions are not worried? They are pulling back from bank debt in Europe, as are US money-market funds. (Note: I would check and see what your money-market funds are holding – how much European bank debt and to whom? While they are reportedly reducing their exposure, there is some $1.2 trillion still in euro-area institutions that have PIIGS exposure.)

Look at the following graph from the St. Louis Fed. It is the amount of deposits at the US Fed from foreign official and international accounts, at rates that are next to nothing. It is higher now than in 2008. What do they know that you don’t?

http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/fred1.jpg

The Slow March to Recession in the US..

John Hussman, in the same report, offers the chart below, which is a variant on themes I have highlighted in past issues, but with his own personal twist. It is a combination of four Fed indices and four ISM reports. And it has been reliable as a predictor of recessions – one of which it strongly suggests we are either in or heading into.

http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/fred2.jpg

And recent revisions to economic data suggest that companies are going to have even more trouble making those powerhouse earnings that are being estimated. As Albert Edwards of Societe Generale reports this week:

“… at the start of 2011, productivity trends took a remarkable turn for the worse – especially compared to what was initially reported. An initial estimate that Q1 productivity grew by 1.8% was transformed to show a decline of 0.6%. A slight 0.7% rise in Q1 ULC (unit labor costs) was transformed to show a staggering surge of 4.8%! In addition to that 4.8% rise, ULC rose a further 2.2% in Q2. But the news gets even worse Last week the BLS revised the ULC rise in Q2 up from 2.2% to 3.3% QoQ. US non-farm business unit labor costs are now rising by 2% yoy. That is very bad news for profits. Bad news for equities. And because the pace of ULC is a key driver of inflation (upwards in this instance), it is bad news for an increasingly criticized and divided Fed.”

Preparing for a Credit Crisis

There is so much that could push us into another 2008 Lehman-type credit crisis..

I did an interview with good friends David Galland and Doug Casey of Casey Research yesterday. They are decidedly more bearish than I am, so wanted an “optimist” to sit on their panel. But they forced me to admit that some of my optimism depends on the probability of US political leaders doing the right thing. ..

But whether you want to make it 50-50 to 70-30 or (pick a number), there is a reasonable prospect of another credit crisis. So what should you do?

First, think back to 2008. Were you liquid enough? Did you have enough cash? If not, then think about raising that cash now. When the crisis hits, you have to sell what you can for what you can get, not what you want for reasonable prices …’

Don't Trust Wall Street and this Market ETFguide  [ I couldn’t say this better myself! Take heed! My sentiments exactly, except far worse is in store! ] Simon Maierhofer, September 13, 2011, ‘The chicken is clueless about the egg's fate. Will it hatch or become an omelet?

Wall Street is clueless about their forecasts, will they 'hatch' or become egg on their face? Who cares; as long as it sounds good at the time, Wall Street's opinions are promoted by the media. Is this a haphazard approach? Judge for yourself.

The most recent Wall Street blunder was the over emphasis on positive earnings in April. Here are some of the headlines Wall Street and the financial media featured late April 2011:

Morgan Stanley shares rise as earnings beat estimates

Stocks, commodities rise as earnings top estimates

Leading U.S. indicators, consumer confidence gain as fuel costs discounted

World revs up U.S. profits

The Global economy is improving

The S&P breaks out

The Dow's going to 20,000

Sales growth the big surprise on Wall Street

Buffett says odds of another U.S. banking crisis low

Equities finally seeing light on the economy

Stocks find sea of tranquility

Flawed Reasoning

The chart below, featured in the September 2010 ETF Profit Strategy Newsletter, reveals the flawed reasoning behind Wall Street's expectations. It plots Earnings per Share (EPS) against GDP and U-6 unemployment numbers.

https://www.etfguide.com//contributor/UserFiles/8/Image/EPS%20Growth%20Yahoo.gif

Notice how earnings for Q1, Q2, and Q3 2011 were supposed to reach a new all-time high. There were at least four reasons why record high EPS estimates were not long-term bullish:

1) GDP was contracting, U-6 (and every other measure of unemployment) did not signal a recovery. Every spike in EPS would be temporary and unsustainable.

2) EPS estimates are just a projection and are about as valuable as an un-hatched egg.

3) The last time EPS reached an all-time high was in Q2 2007. We all know what happened thereafter.

4) EPS or P/E ratios can be distorted via financial trickery. Financials (NYSEArca: XLF - News) and banks (NYSEArca: KBE - News) took advantage of this when accounting rule FASB 157 was changed on April 2, 2009. This allowed banks to hide trillions of dollars of unrealized mortgage losses in an accounting loophole that doesn't affect their income statement and earnings. Thus some of banks' losses were included in earnings numbers.

The ETF Profit Strategy Newsletter's conclusion was simple and straight to the point: 'Buying at current prices with the expectation of long-term gains is almost certain to deliver despair and tears.'

Proceed With Caution

P/E ratios or EPS aren't a short-term timing tool and didn't prevent stocks from rallying since the above analysis was featured in the September ETF Profit Strategy Newsletter.

Nevertheless, a major market top was expected. The April 3 ETF Profit Strategy update put it succinctly this way: 'In terms of resistance levels, the 1,369 - 1,382 range is a strong candidate for a reversal of potentially historic proportions. Bullish bets should be watched very carefully, especially once stocks move above 1,356.'

The Summer 2011 meltdown erased all gains going back as far as December 2009. Yes, over 18 months of gains were eliminated within a matter of weeks.

Financial Serial Offender

If Wall Street was subject to the 'three strikes you're out' rule, there wouldn't be any financial offices in New York. By now it's common knowledge that Wall Street was overly optimistic in 2007 - right before the financial collapse - and overly pessimistic at the March 2009 lows - the beginning of a 100% + rally for the major indexes a la S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI) and Nasdaq (Nasdaq: ^IXIC).

More recent financial offenses include Wall Street's ill-advised fascination with silver in late April. On April 27 the Wall Street Journal ran a front-page article entitled 'Silver rush spreads to stock market.' The commentary read as follows: 'The metals are increasingly considered attractive as a permanent store of value that doesn't diminish like paper currencies.'…’

Congress budget agency warns panel of economic ills

Nearly 1 in 6 Americans in poverty, Census says

Growth Stocks Look Pricey. Favor Free Cash Firms with glowing growth projections have gotten expensive.

Cisco cuts long-term sales growth forecast [ And just when I was about to say that american technology is horrific, overrated but leading the charge higher on wall street because ‘sell the sizzle’ works better with tech since most don’t understand it. Actually, american tech at most is ‘different color hula hoops’! ]

International alarm over euro zone crisis grows

Why Can't Wall Street Be Honest With The Public?at Forbes [ Let’s not be naïve here … If the public knew even half of the truth, they’d be seeking to ‘hang wall street from the yardarms’, ‘drawn and quartered they would be’, etc.. Yes, ‘hung, drawn and quartered’. If caught while yachting on their yachts on taxpayer dime, they’d be ‘keelhauled’. There is really no limit to the well placed, well deserved antipathy for the frauds on wall street who should be prosecuted, jailed, fined, and disgorgement imposed. ]

Venture capital veteran Perkins sees danger ahead

These Wall Street Firms are About to Start Firing People Like Crazy By Business Insider September 04 2011 ( archived file )

Same Alan Greenspan Who Warned Against Budget Surplus Now Warns About Deficit [ Yeah! One of the many symptoms of senile dementia, with a strong measure of incompetence to boot (greenspun has a long history of incompetent missteps which through self-promotion, quid pro quos, and a general ubiquity of pervasive ignorance, has gone unscrutinized and unreported. He’s really been that bad!) ] Mark Gongloff

ETF Redemptions Highest Since 2008: Report ETF Trends 

Stock Market Secret Word of the Day Is 'Delusion' at The Wall Street Journal Paul Vigna ‘Once again, markets are eagerly swallowing the soothing words of European leaders, just as they have swallowed the soothing words of Chinese officials, Tim Geithner, etc., etc.

The Dow is up about 190 points, the S&P is up 1.8%, and the Nasdaq is up 2%, after the Conference Call to Save the Universe ended with all sides agreeing that Greece should never leave the eurozone and was doing what it could to get its next bailout fix.

Peter Boockvar at Miller Tabak is not impressed:

Bottom line, Greece is likely going to get its next 8 billion-euro tranche in 2 weeks but apparently Merkel, Sarkozy and Papandreou still don’t like paying attention to the bond market, where the 1 year [note]  in Greece is yielding 141.8%, the 2 year is yielding 74.5% and the 10 year is yielding 25.7%.

This says of course that the only lifeline the Greek government has is thru the generosity of its neighbors as they have almost zero chance of paying back in full all that is owed.

I mentioned Merkel being in fantasyland yesterday and delusion is the word today that comes to mind after seeing these Greek headlines.

One would think at this point that Greece would want a more pronounced debt restructuring in order to slash their debt instead of playing this game of pretend because they’re afraid to hurt the feelings of bondholders.’

Zoellick: World economy in new danger zone

Geithner: Economy In “An Early Stage” Of Crisis Sep 14th, 2011 08:47 by News (RealClearPolitics) — Jim Cramer, CNBC host: “Now let’s talk about the fact that you said the economy is weak. You put out a jobs plan. The New York Times today basically gives its obituary. ‘Tax plan for jobs bill.’ Familiar ring. Meaning the GOP will not back this. Is this dead on arrival?”

Tim Geithner, U.S. Secretary of Treasury: “Absolutely not. I think that there’s no reason now for the Congress of the United States not to act to help strengthen growth in the near term. It’s the conservative, prudent, responsible thing to do. You can think of it as protection against Europe.”

Cramer: “Okay.”

Geithner: “You can think of it as insurance against weaker growth going forward. And you got to think about the alternatives. If Congress or Washington is incapable of acting, then policy will be damaging to growth because what you’ll have is a deeper, steeper contraction in fiscal support than is prudent for an economy at this early stage of the crisis given the shocks we face. You know, life is about choices. Life is about alternatives.” [source] PG View: While this may be a significant admission on the part of the Treasury Secretary; in reality this may be the early stage of a crisis within the broader well-established crisis.’

Risk Rises at ECB as European Banks Lose Deposits Sep 14th, 2011 07:43 by News (Bloomberg)

S&P Rally to 1,240 Before Capitulation Zacks Kevin Cook,September 14, 2011, ‘Fear has not gripped the market. The VIX, a good proxy for the institutional perception of risk since it is based on the premium being paid for S&P 500 put protection, has not made new highs since early August…’

Moody’s cuts two French banks’ ratings Sep 14th, 2011 07:39 by News (Financial Times)

EU warned of credit crunch threat, French banks hit WROCLAW,Poland/PARIS (Reuters) - European finance ministers have been warned confidentially of the danger of a renewed credit crunch as a "systemic" crisis in euro zone sovereign debt spills...

Can the U.S. Sidestep Contagion with Europe? ETFguide [ Short answer: NO! ] ‘… SINKING INCOME LEVELS Even without Europe's problems, the U.S.' reputation for being the land of milk and honey has been declining. Household income, according to the Census Bureau's annual report on living standards, fell for the third consecutive year and on an inflation adjusted basis, incomes have retreated back to levels seen 15-years ago. Median household income was at a mere $49,445 in 2010. Full-time workers also experienced sagging incomes, which are lower today than in 1978, after adjusting for inflation. Furthermore, the poverty rate for Americans increased to 15.1% of the population. Will Europe's crisis help the U.S. economy end a multi-decade trend of falling incomes and rising poverty? STILL BLIND TO RECESSION What do economists have to say about all of this? As a collective group, economists still deny the existence of an economic recession and their off-the-mark financial projections show it. Instead of taking a sober and realistic view of the economy, they see growth, growth and more growth. Economists with the National Association for Business Economics (NABE) predicted 2.8% expansion for the U.S. economy in May, but have since scaled back that forecast to 1.7%. For 2012, the group is projecting 2.3% growth. The NABE has been likewise wrong about the unemployment rate. They were projecting a jobless rate of 8.7% for the remainder of 2011 and 8.2% for next year. Instead, nationwide unemployment has remained above 9% and if we account for marginally attached workers along with unemployed self-employed workers the actual national jobless rate is probably closer to 20%. It's important to remember the NABE's survey was completed before the White House's unveiling of a $447 billion plan to stimulate job growth through (more) government spending and tax cuts. No doubt, once economists factor in the President's latest plan, they'll re-revise their economic forecasts bullishly upward to agree with their perennial growth bias…’

Minyanville's T3 Daily Recap: Market Squeeze Continues, But Was it a Trap? By T3Live.com Sep 14, 2011, ‘After a quick rinse in the first hour of trading Wednesday, the squeeze was back on as the SPDR S&P 500 ETF (SPY) surged 4 points (3.4%) from low to high. Weak shorts were forced to cover, and it was off the races for stocks. But just when it seemed all was well with the market, a harsh pull-in during the last half-hour of trading erased nearly half of those gains. We have seen this type of behavior before during this wide range consolidation in the market, and it typically leads to further downside. A teleconference between German, Greek, and French leaders today resulted in assurances that Greece would remain part of the Eurozone, but the same problems still exist on the troubled continent. There is a crisis of confidence starting occuring among European banks, with account holders keen to protect themselves from calamity. This is exacerbating previous capitalization concerns, which were confirmed this morning when French banks were downgraded. Today's action could have been another clever ploy to suck in longs while relieving some of the oversold condition of the market. Risk is high in both directions in this environment, and, as we have stated repeatedly over the last two weeks, it's best to keep your trading light at this stage.’

Flat retail sales keeps U.S. on recession watch

Another Absolutely Bonkers Day Mark Gongloff ‘Still spinning? Well, folks, that was the stock market. Hope you enjoyed it. Just another quiet, totally normal day. Yep, just another day when the Dow loses 140 points in the last 20 minutes of trading, after soaring as high as 280 for pretty much no fundamental reason.Still, you can’t complain about it too much. All the good stuff led the market higher today. The S&P’s 1.4% gain was paced by healthy cyclical stuff like industrials, up 1.75%, consumer discretionary, up 1.65% and tech, up 1.6%.The Dow transports jumped 2%. The VIX gave up 6.3%.All good signs, but you can’t shake the nagging feeling that it can’t be realistic, given how absolutely nuts the action has been lately. The Treasury market held pretty much steady, with the 10-year note yielding 2% just about all day.Nobody’s comfortable right now — shorts have got to be worried, and many got squeezed today.Those of us who are long, meanwhile, are anxiously checking whether our top has stopped spinning yet.’

Europe's Outlook Darkens as French Banks Wobble and Austria Delays Greek Bailout at Minyanville

The Daily Market Report Sep 14th, 2011 by News ‘If There Was Any Doubt… (USAGOLD) — ‘The yield on Greek 1-year money is trading in excess of 140% today; up dramatically from just a week ago when the 1-year yield was still below 100%. Clearly this is unsustainable and Greece is unquestionably on the verge of default, save for some massive infusion of funds that will negate Greece’s need to access global credit markets…’

Huge Surge in Bank of America Foreclosures CNBC | Bank of America is ramping up its foreclosure processing.

David Rosenberg: “It’s Time To Start Calling This For What It Is: A Modern Day Depression” Zero Hedge | You know you’re in a depression when interest rates go to zero and there is no revival in credit-sensitive spending. September 14, 2011

By now only the cream of the naive, Kool-Aid intoxicated crop believes that the US is not in either a deep recession, or, realistically, depression. For anyone who may still be on the fence, here is David Rosenberg’s latest letter which will seal any doubts for good. It will also make it clear what the fair value of the stock market is assuming QE3 fails, which it will, and the market reverts to trading to fair value as predicated by bond spreads. To wit: “If the Treasury market is correct in its implicit assumption of a renewed contraction in the economy, then we could well be talking about corporate earnings being closer to $75 in 2011 as opposed to the current consensus view of over $110. In other words, we may wake up to find out a year from now that whoever was buying the market today under an illusion of a forward multiple of 10x was actually buying the market with a 15x multiple.” And since we are in the throes of a deep depression and a 10x multiple is more than generous, applying that to $75 in S&P earnings, means that the fair value of the S&P is… we’ll leave that to our readers.

From Breakfast with Rosie, of Gluskin Sheff

We just came off the weakest recovery on record despite the massive amounts of stimulus that the U.S. government has delivered in so many ways. That the yield on the 10-year U.S. Treasury note is down to 2% already speaks volumes because the last time we were at these levels was back in December 2008 when the downturn was already 12 months old. A period like the one we have endured over the past six months when bank shares are down 30% and the 10- year note yield is down 130 basis points has never in the past foreshadowed anything very good coming down the pike. If market rates are at Japanese levels, or at 1930s levels, then it’s time to start calling this for what it is: A modern day depression.

Look, that entire period from 1929-1941 saw several quarters of huge bungee-jump style GDP growth and countless tradable rallies in the stock market.

But that misses the point.

The point being that a depression, put simply, is a very long period of economic malaise and when the economy fails to respond in any meaningful or lasting way to government stimulus programs. A series of rolling recessions and modest recoveries over a multi-year period of general economic stagnation as the excesses from the prior asset and credit bubble are completely wrung out of the system. In baseball parlance, we are in the third inning of this current debt deleveraging ball game.

You know you’re in a depression when interest rates go to zero and there is no revival in credit-sensitive spending.

The economy is in a depression when the banks are sitting on nearly $2 trillion of cash and yet there is no lending going onto the private sector. It’s otherwise known as a ‘liquidity trap’.

Depressions usually are caused by a bursting of an asset bubble and a contraction in credit, whereas plain-vanilla recessions are typically caused by inflation and excessive manufacturing inventories. You tell me which fits the bill today.

When almost half of the ranks of the unemployed have been looking for a job fruitlessly for at least six months, you know you are in something much deeper than a garden-variety recession. True, we can’t see the soup lines; the soup lines are in the mail — 99 weeks of unemployment cheques for over 10 million jobless Americans. Don’t be lulled into the view that we are into anything remotely close to a normal economic cycle.

Basically, in a depression, secular changes take place. Attitudes towards debt, discretionary spending and homeownership are altered for many years, or at least until the scars from the traumatic experience with defaults and delinquencies fade away. That is why we saw existing home sales slide to 15- year lows and new home sales to record lows despite the fact that mortgage rates have tumbled to their lowest levels in modern history. There is no economic model that would tell you that declining mortgage rates should lead to lower home sales.

More fundamentally, in a recession, the economy is revived by government stimulus. In depressions, the economy is sustained by government stimulus. There is a very big difference between these two states.

In a recession, everything would be back to a new high nearly three years after the initial contraction in the economy. This time around, everything from organic personal income to employment to real GDP to home prices to corporate earnings to outstanding bank credit are still all below, to varying degrees, the levels prevailing in December 2007.

Let’s be clear: After all the monetary, fiscal and bailout stimulus, the economy should be roaring ahead, as would be the case if the economy were coming out of a normal garden-variety recession. The fact that there has been no sustained response to all these efforts by the government to turn things around is testament to the view that this is not actually a traditional recession at all, but something closely resembling a depression. That, my friends, is exactly what the bond market is signaling, with Treasury yields rapidly approaching Japanese levels. Just because the stock market embarked on a stimulus-led speculative two-year rally, which ended abruptly in April 2011— does not change that fact.

For all the chatter about whether the recession that started in December 2007 ended in mid-2009, here is what you should know about the historical record. The 1930s depression was not marked by declining quarterly GDP data every single quarter. In fact, the technical recessionary aspect to the initial period following the asset and credit shock goes from the third quarter of 1929 to the first quarter of 1933.

I can understand how emotional the debate can get over whether or not we have actually just stumbled along some post-recession recovery path or whether or not this is actually a depression in the sense of a downward trend in economic activity merely punctuated with noise that is influenced by recurring rounds of government intervention. The reality is that the Fed cut the funds rate to zero, as was the case in Japan, to little avail. Then the Fed tripled the size of its balance sheet— again with little sustained impetus to a broken financial system. Government deficits of nearly 10% relative to GDP, or double what FDR ever ran during the 1930s, have obviously fallen flat in terms of providing any lasting impact to the economy.

This is going to sound like a broken record but it took a decade of parabolic credit growth to get the U.S. economy into this deleveraging mess and there is clearly no painless “quick fix” towards bringing household debt into historical realignment with the level of assets and income to support the prevailing level of liabilities. We are talking about $5 trillion of excess debt that has to be extinguished either by paying it down or by walking away from it (or having it socialized). Look, we can understand the need to be optimistic, but it is essential that we recognize the type of market and economic backdrop we are in.

The markets are telling us something valuable when (after a period of unprecedented government bailouts, incursions and stimulus programs) the yield on the 5-year note is south of 1% and the 10-year is down to 2%. Instead of contemplating over how attractively priced equities must be in this environment, market strategists and commentators would bring a lot more to the table if they tried to decipher what the macro message is from this price action in the Treasury market. Conducting stock market valuation analysis based on unrealistic consensus earnings assumptions does nobody any good, especially when these estimates are in the process of being cut, and at a time when the Treasury market is telling us we are the precipice of another recession.

If the Treasury market is correct in its implicit assumption of a renewed contraction in the economy, then we could well be talking about corporate earnings being closer to $75 in 2011 as opposed to the current consensus view of over $110. In other words, we may wake up to find out a year from now that whoever was buying the market today under an illusion of a forward multiple of 10x was actually buying the market with a 15x multiple.

How’s that for a reality check?

This augers for capital preservation, defensive orientation in the equity market and a focus on income-yielding securities; something we’ve been advocating for some time.’

How American Taxpayers Could End Up Paying for ECB Liquidity Flood at The Wall Street Journal 

Company Analysts Hop On Bandwagon Of Gloom [ Yes! This is in contradistinction to the ‘funny money’ bandwagon of irrational exuberance that has swept up nations worldwide who have now joined the ranks of the fraudulent american manipulated markets of ‘non-value’ asset / security pricing which will end quite badly as always! ]

How Greece Is Mocking the Rest of the World [ Well, let’s get real here! There’s plenty to mock in this world, and Greece is hardly the nation to be doing the mocking. I think it’s the markets that are mocking the rest of the world’s stupidity for buying into this false reality / obfuscation / fraud, particularly by way of the now pervasive worldwide acceptance of the american strategy of currency debasement which really is a fraud facilitator because it masks to all but the intelligent few the underlying economic weakness and decline. A simplistic example, though not perfect, is apropos here: a company sells a product for 1 dollar which costs 1 dollar to make (assuming arguendo to cover fixed expenses - no profit). The fed over-printing / creating dollars like mad to the point where it now takes 2 dollars to render the same purchasing power of 1 dollar when the goods were produced. The company sells the products for 2 dollars (the previous equivalent of 1 dollar before debasement). The company is now showing earnings 1 dollar per unit sold, yet in real terms, they’ve gotten no more than the equivalent of that 1 dollar per unit. (If you’ve been to the grocery store lately, particularly the last 1-2 months, I’ve found meats, etc., to be up 50-100%, etc.). The same obfuscating manipulations are applicable to assets generally, and to those pieces of paper called stocks which are even ‘worse for the wear’ since churn-and-earn commissions at lightning computerized speed are being subtracted from this illusory ‘enhanced value’ which in reality doesn’t exist at all. ( Such manipulations from currency translation also provide ‘arbitrage opportunities’ though similarly largely ultimately subtracted from no real value being created. ) This is why fraudulent wall street loves the fed’s QE’s and dollar debasement / over-printing / creating and also why it’s been a dismal failure and a net negative in real economic terms as seen on main street and in the desimation of the middle class and growing ranks of the poor. In the analysis of securities, this would be considered ‘the quality of earnings factor’ that goes into the assignment of a p/e multiple to the projected earnings. Sufficeth to say, this is no longer done on wall street in any real or legitimate fashion if at all. Indeed, it’s a fair statement to say that security analysis is no longer a ‘practice’ as same was considered, once upon a time, by value investors / analysts. As set forth by Dave and Cooper, infra, computerized programmed manipulation at lightning speed has been expedient in the short run for the wall street frauds but ultimately leads to the inevitable crash since as I often reiterate: ‘Remember, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone else’s expense including main street. They’re just not that important and represent, like termites eating away at the nation’s foundation, a drag on the economy, the nation as one would expect from parasites such as they are’. What to Expect Next From the Markets Minyanville  Jeffrey Cooper ‘Conclusion: It looks like a program was run using the least amount of dollars to goose the indices by focusing on some big cap names like Apple, Amazon, Baidu, IBM, and Caterpillar, Dave’s Daily:’.. The HAL 9000s have been doing business as HFTs (High Frequency Traders) launching many buy or sell programs using complex algorithms which can drive prices on indexes higher or lower in dramatic fashion. One of their great acts is called "quote stuffing". It's another illegal activity which the SEC hasn't quite figured out. It's as futile for them as the illegal fee-driven recent end-of-quarter price jam-job..’. Simon Maierhofer, On Friday September 16, 2011, ‘Webster's dictionary defines gullible as naive and easily duped or cheated'.

On Thursday stocks rallied after Germany and France gave assurance that Greece will remain a member of the euro.

Haven't we been down this road before? How often have there been statements assuring that Greece is fine or will be fine? An Associated Press article stated this week that: 'Hopes were raised by the outcome of a teleconference Wednesday between leaders of France, Germany and Greece.'

Hope worked as propaganda tool for President Obama three years ago, but hope is not a suitable investment strategy. Einstein's famous definition of insanity comes to mind: Insanity is doing the same thing over and over again and expecting different results.

Since the beginning of 2010 there have been five 10%+ sell offs. All of them, with the exception of the March 2011 decline (Japan earthquake), were blamed on Greece. When stocks recovered, it was credited to Greece's rigorous adherence to the demanded austerity measures or new bailout money.

The S&P has made no net progress since January 2010. After two years of water treading and lessons in Greek-style financial mockery we have to ask, is Wall Street insane?

Greece's Prime Minister George Papandreou just pledged that a reform program would be on the top of Thursday's (yesterday) Greek cabinet meeting. To buy stocks based on a pledge to push a concern that was initially sold as non-issue but has morphed into a matter of survival on the top of an agenda does seem insane.

Or should we just consider the Greeks geniuses? After all, they have figured out how to control Wall Street. Today it only takes mythical Grecian hope for a hopefully hopeful outcome to excite Wall Street.

A German saying may describe Greece's situation. Loosely translated, it goes like this: Once your reputation is ruined, you may live blatantly uninhibited.

Insane Financial Pain

The Greek saga began over two years ago, when, on June 23, 2009, Greece's finance minister nonchalantly disclosed that: 'The rate of growth for the Greek economy in 2009 is expected to slow more than forecasted. Specifically, it will range around zero and only return to growth in 2010.' The disclosed budget deficit at the time was $3.1 billion.

Growth obviously didn't return in 2010, but the following headlines all offered hope in 2010:

ECB member says no bailouts for Greece

Bulls run on Greece news

Debtors bet Greece won't spill

Is Greece's crisis over?

Greece contagion fears unfounded

IMF approved $3.3 billion for Greece amid impressive fiscal adjustment

If Greece's adjustment was that impressive, why are we still talking about Greece?

Small Fish in the Debt Pond

Greece has made quite a splash but it is just a small fish in the European debt pond. Given some more time, we'll probably find out that bigger fish make bigger splashes. Next in line are Portugal, Spain, Italy and France. In terms of size, this is probably like comparing a goldfish with a tuna.

The Wall Street Journal reported on Monday that: 'European banks are cutting back on dollar denominated loans, a troublesome sign of credit contraction at a time when American and European economies can least afford it.' Credit contraction is the mother of deflation and Bernanke's most feared enemy.

The Chairman of Societe Generale, one of France's largest banks, made it a point to state on Monday that the bank was well funded. Nevertheless, it will be reducing its dollar denominated debt and lay off workers. When promises conflict actions, we know that actions speak louder than words. Laying off workers is not confidence inspiring.

Back in February, the ETF Profit Strategy Newsletter warned that: 'The debt problem of sovereign European countries has or is about to turn into a debt problem of super sovereign entities. The IMF and EU swallowing up massive amounts of debt has not eliminated debt, it has merely re- shuffled and concentrated it.'

On July 15, I stated via ETF Profit Strategy Newsletter: 'I know European stocks will tank eventually but I don't know when. However, I see that the iShares MSCI EAFA ETF (NYSEArca: EFA - News) just sliced below it's 20, 50 and 200-day simple moving averages (SMAs). The same is true for the iShares MSCI Emerging Markets ETF (NYSEArca: EEM - News). The high reward, low risk trade would be to go short EFA or EEM with a stop loss just above the 200-day SMA Corresponding ETFs are Short MSCI EAFE ProShares (NYSEArca: EFZ - News) and Short MSCI Emerging Markets ProShares (NYSEArca: EUM - News).

What's Next?

Fortunately the European Union can rely on the smarts of its many capable members. There is former IMF chief Dominique Strauss-Kahn who'd rather force his will on an innocent Manhattan hotel worker than enforce strict financial rules on member countries, Luxembourg's Prime Minister Jean-Claude Juncker who openly confesses to lying if required by circumstances and a whole slew of officials suffering from gullibility. You should think twice before betting against the European financial dream team.

As for me, I rely on technicals, not on officials, their decisions or the media's interpretation of it. The technicals I focus on are those of the S&P (SNP: ^GSPC). Not surprisingly, European stocks have generally moved in the same direction as the S&P.

The S&P and the SPDR Euro STOXX 50 ETF (NYSEArca: FEZ - News) both topped on May 2. The S&P's top came right on queue and within the 1,369 - 1,382 target range of a major market top I've outlined via the ETF Profit Strategy Newsletter since early 2011.

Unlike the S&P, FEZ sunk to new lows on September 12. On that day FEZ was 38% below its May 2 high. Some more near-term damage may be to come for European stocks, but after a 38% haircut is not the time to double up on short positions.

As far as the S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI) and Nasdaq (Nasdaq: ^IXIC) is concerned, new lows are likely…’

Citi Cuts S&P 500 Target, Too at The Wall Street Journal

Lesson From A Burst Bubble: Dead Men Don't Spend at Forbes ‘The Lehman bankruptcy was a much more important event than 9/11. It marked the end of a 60-year credit expansion. Maybe it marked the high water mark for the U.S. empire, too, and the beginning of the end for the U.S. dollar-based world monetary system.

What’s most remarkable about this post-Lehman economy is that it is so un-remarkable. The economy is contracting, and as it contracts, it squeezes jobs, incomes, spending and prices.

We saw a note in the press yesterday. It told us that even the wages of sin are falling. The union that represents waiters and cocktail servers at Atlantic City casinos says the hourly base has fallen from $8.74 to only $4.50. And tips are tumbling. Surveys of prostitutes show their earnings are a bit limp, too.

And as people get squeezed by the financial correction, they gasp for breath. There are now 46.2 million people in America under the poverty line, according to The Los Angeles Times. That’s the most in 50 years.

But nothing extraordinary about that either. This is the biggest correction in half a century too. And you don’t have to look very far to find more confirmation.

That’s why the 10-year Treasury note yield has fallen to the lowest level since right after WWII, and it’s why nearly half the people looking for a job have been looking for more than six months. And it’s why a recent poll shows that 72% of Americans think the nation is going to hell.

Now, finally, almost everyone realizes that this is not a recession-recovery situation. Something else is going on. The Financial Times calls it a Great Recession. Richard Koo calls it a “Balance Sheet Recession.” And David Rosenberg says we should call it what it really is — a “modern depression.”

But we’ll stick with our Great Correction label. Because we think there is more going on here than even a ‘depression’ describes. (About which…more below…).

So far, practically everything that has happened is about what you’d expect — the predictable, ordinary consequences of a contraction. There is nothing remarkable about it.

But what’s this? The Dow is back on the rise. Stock market investors don’t seem to have gotten the message: this economy is in a contraction. They’re still pricing stocks as if they thought the underlying businesses would grow. But companies don’t add sales or profits in a contraction.

At least gold investors seem to have a better idea of what is going on. They sold the yellow metal.  The price of the GLD is dropping.

And the bond market too has its feet on the ground. The yield on the 10-year note is only 2.08%. That is a level consistent with a Japanese-style slump…

No surprises here. But what if there were more going on than a simple financial correction…even a correction of a 60-year credit expansion? What if the Great Correction were greater than we thought? More ambitious, more aggressive and more dangerous?

In the space of the last 500 years the human population grew approximately 1000%. If it were a financial chart, you’d look at it and think — ‘uh oh…it’s a bubble.’

What if we were approaching a correction?

Reuters reports that the population of Japan is falling like a stone. Some 20 million Japanese are expected to disappear in the next 30 years.

Declining, graying populations are not what you need for economic growth. Old people don’t spend much. Dead people spend even less.

As a result, the economy shrivels up like a 90-year-old. In Japan today about the only business still growing is the funeral business. People spend $157 to rent cold rooms, where they can store their loved ones while they await a spot at the crematorium. No kidding. Here’s Reuters:

Annual deaths are expected to peak at 1.66 million in 2040 as the bulk of the nation’s baby boomer generation expires. By then, Japan’s population will have shrunk by around 20 million people, an unprecedented die off for a nation neither at war or blighted by famine.

Dead Men Don’t Spend by Bill Bonner originally appeared in the Daily Reckoning. ‘

ETFs have potential to become the next toxic scandal Sep 19th, 2011 News (The Telegraph) — Back in April, the Financial Stability Board (FSB), an international super-regulator, wrote a prescient if less than catchily-titled paper “Potential financial stability issues arising from recent trends in Exchange Traded Funds (ETFs)”.Its central warning – that ETFs are not the cheap and transparent vehicles the marketers would have us believe – was spot on. When UBS’s $2bn black hole hit the screens on Thursday, no one who read the FSB report was surprised to see the words ETF and rogue trader in the same sentence…around half of the ETFs in Europe today do not match the index they are designed to track by holding all of its constituent shares. Unlike the plain vanilla “full replication” ETFs which do, 45pc of the market is in the form of so-called “swap-based” ETFs which instead use derivative agreements, often with investment banks, to simulate the performance of the underlying assets. Derivative trades add a second layer of uncertainty to the unavoidable ups and downs of the market, the counterparty risk that the organisation on the other side of the contract might go bust. Even worse, the provider of the ETF might sometimes be a part of the same organisation as the derivatives desk carrying out the swap…For reasons which I’m not sure I could explain even if I had the space, it is possible for the number of shares sold short in an ETF to massively exceed the actual number of shares available. [source]

4 'Invisible' Forces to Seal the Market's Fate ETFguide Simon Maierhofer, On Monday September 19, 2011, ‘In 2004, Daniel Simons of the University of Illinois and Christopher Chabris of Harvard University conducted an experiment that was as simple as it was fascinating.

If you want to be part of the experiment, watch this video before you read any further.

The Experiment

There are two groups of three people each. One group is wearing black shirts, the other group white shirts. The assignment is to watch how many times the players wearing white, pass the basketball.

If you counted 15, you are correct. But more importantly, did you notice the gorilla? While you were counting passes, a woman dressed in a gorilla suit walked slowly across the scene, stopped to face the camera and thumped her chest.

Half of the people watching the video with the intent of counting passes did not see the gorilla. The experiment illustrates the phenomenon of unintentional blindness. This condition, also known as perceptual blindness, prevents people from perceiving things that are in plain sight.

For most of 2010-11 Wall Street was so enamored by the magical powers of QE2 that it forgot about the 800-pound gorilla - the economy that wasn't improving. In fact, the economy continued deteriorating in plain sight.

There are five bearish mega trends that may draw stock prices much lower over the coming years. Here are the five mega trends (and what will make stocks rally in between).

U.S. Deficit

For a moment, take a mental journey with me back in time. We are now in early 2008. The major indexes a la S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI), and Nasdaq (Nasdaq: ^IXIC) are slowly coming off their all-time high and the VIX (Chicago Options: ^VIX) is reflecting some complacency before the collapse of Lehman Brothers hits the news.

Unbeknownst to most, the perfect financial storm is brewing. Once the storm hits, it is much worse than anyone expected. But, the eventual damage is limited. Why? Because, the government steps up and does what it takes to prevent the financial system from failing.

Today has the feel of early 2008. Another perfect storm may be brewing. Will the government be there to do what it takes to support 'too big to fail?' No! In 2008 financial companies were in trouble. In 2011 entire countries (look at Europe and the U.S.) are struggling to escape the grip of delinquency.

A Decelerating Generation

Starting in 2011, more than 10,000 baby boomers a day will turn 65, a pattern that will continue for the next 19 years. This dry humor cartoon encapsulates the problem retirees' face today:

Two older gentlemen are having a drink. One says: 'As a Baby Boomer, I never thought the boom would be the sound of my retirement accounts collapsing.' He'd like to sip on a nice Scotch while enjoying a steak, but has to settle for water and free bread sticks at Olive Garden.

Most retirees still haven't recovered from the lost decade. Let's make the term lost decade more personal. A 55 year old with $100,000 in his retirement account at the beginning of the year 2000 and a 6% projected rate of return, would have $201,419 today.

The S&P trades 20% below its 2000 level. Courtesy of the lost decade, that $100,000 in the year 2000 has turned into $80,000 today (perhaps less if invested too aggressively). In other words, many retirees may have to get by on less than half of their expected nest egg. In addition, their home, rather than being an asset (many considered it an ATM a few years ago), has turned into a liability.

It doesn't take much imagination to see that strapped retirees are bad for economic growth. When the focus is on survival rather than pleasure, sectors like technology (NYSEArca: XLK - News), retail (NYSEArca: XRT - News), and consumer discretionary (NYSEArca: XLY - News) suffer.

In addition, baby boomers that have been buying stocks for decades (think of all the 401k money) are now turning into sellers of stock.

Low Interest Rates

Low interest rates are great for the U.S. government because it reduces debt payments on Treasuries and businesses wanting to expand. Unfortunately, businesses don't feel like expanding or even hiring and for pretty much everyone else low interest rates are negative.

Some try to sell the idea that low interest rates are good for stocks (NYSEArca: VTI - News) because money will flow from low interest bonds into stocks in an effort to get a better return.

The chart below plots the Nikkei against Japan's version of the discount rate. The discount rate has been below 1% since 1995. At the same time the Nikkei has dropped from above 20,000 to below 10,000. Much of this happened during a raging global bull market. Imagine what a global bear market can do to U.S. stocks.

https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20japan%20discount.gif

Low interest rates are a double negative because they reduce available spending for retirees who need to get as much income as possible to survive.

Coming to a Head

The above three bearish trends were highlighted in detail in various 2011 ETF Profit Strategy Newsletters. Due to those, and other mega trends, the Newsletter has been expecting a major market top.

For much of 2011 however, the expectation of a major market top was postponed until the ideal target range was reached. The April 3 ETF Profit Strategy update included a precise range for a major market top: 'In terms of resistance levels, the 1,369 - 1,382 range is a strong candidate for a reversal of potentially historic proportions. '

Why was S&P 1,369 - 1,382 a candidate for a reversal of historic proportions? The chart below, published by the ETF Profit Strategy Newsletter in March and many times since, has the answer.

https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20M%20pattern.gif

What you see is a giant M, or head and shoulders top. The right shoulder was made up of the parallel trend channel that connects the 2002 and 2009 low, with the 2000 high. In April/May the upper line of the trend channel ran through 1,377. Additional resistance was provided by Fibonacci levels at 1,389 and 1,369.

On May 2, the S&P briefly spiked as high as 1,370.58 before retreating and eventually dropping 18% in twelve trading days (July 25 - August 9). Once the S&P dropped below the 200-day SMA it entered free fall territory…’

Stock-ECRI Disconnect Suggests More Downside at The Wall Street Journal Oddly Cheery Greek Pronouncements, Part Deux at The Wall Street Journal Greek Finance Ministry Sends Oddly Cheery E-Mail at The Wall Street Journal Apple Hits New High (Update1) [ This manipulated programmed trade to froth markets is a crash in the making – sell at these ridiculous levels / take profits! ] Stocks cut losses on hopes for Greece Analysis: Japan's lost decade still a risk for U.S. economy Behind the poverty numbers: real lives, real pain Market Havoc and Threats to Your Pension International Forecaster | We have warned over and over again that government was going to come after your private retirement funds. US taxpayers could be on hook for Europe bailout MSNBC | The U.S. is coming to Europe’s financial rescue.

IMF downgrades outlook for US and Europe economies [Sep 20, 2011] ... Fund has sharply downgraded its outlook for the U.S. economy through 2012 ... http://finance.yahoo.com/news/IMF-downgrades-outlook-for-US-apf-1240337037.html?x=0

Market Recap: S&P Downgrades Italy, Housing Starts Tumble, Markets Wait on Bernanke Wall St Cheat Sheet September 20, 2011, Markets closed mixed on Wall Street today: Dow +0.07% , S&P -0.17% , Nasdaq -0.86% , Oil +1.39% , Gold +1.65% .

On the commodities front, Oil climbed to $86.89 a barrel. Precious metals also climbed, with Gold rising to $1,808.30 an ounce while Silver climbed 1.95% to $39.93 an ounce.

Hot Feature: European Central Banks Are Hungry for Gold

Today’s markets were mixed because:

1) Italy. Standard & Poor’s cut Italy’s credit rating late Monday by one level to A from A+, citing weak economic growth and criticizing Rome’s response to the debt crisis. Italian Prime Minister Silvio Berlusconi responded, saying that the move was influenced by “political considerations” and media stories rather than economic reality. Markets quickly shrugged off the news, with major indices in Italy, Germany, and London all opening higher this morning.

2) Bernanke. Goldman Sachs provided a preview of what investors could see tomorrow from the Federal Reserve, saying there is a “high probability that the FOMC will announce further easing steps at the conclusion of this week’s meeting.” Goldman went on to say that Operation Twist looks “very likely” and that, “As a complementary measure, we also expect that the committee will announce a cut in the interest on excess reserves (IOER) rate to 0.1% from 0.25%, although this is a much closer call. An IOER cut would lower market interest rates a small amount and could aid communication.” The expectation of good news buoyed markets despite a day full of negative or at least neutral economic data, and had the major indices climbing high in mid-day, though they’ve since declined toward more reasonable levels, given that the IMF announced today that it had lowered its global economic forecast for 2011 and 2012, with growth in Europe and the U.S. stalling.

3) Housing. Both housing starts and completions declined in August from already depressed numbers, according to a monthly report by the Department of Urban Housing and Development, in conjunction with the U.S. Census Bureau. However, building permits increased last month, which means more projects are likely to start within the next six months. The news had building stocks climbing higher, including Toll Brothers , D.R. Horton , KB Home , PulteGroup , Hovnanian Enterprises , and The Ryland Group all outperforming the major indices.

BONUS: IMF Downgrades Global Economic Outlook ‘

30 Signs That The U.S. Economy Is About To Go Into The Toilet The Economic Collapse | If you think the U.S. economy is bad now, just wait for a few months.

Signs The Perfect Economic Storm Is Coming | www.bullfax.com http://www.bullfax.com/?q=node-signs-perfect-economic-storm-coming 09/22/2011 By Michael T. Snyder: ‘The financial world is officially going crazy. Can you believe what is going on out there right now? Financial markets have been jumping up and down like crazy for months and this is creating a lot of fear. Other than during the financial crisis of 2008, in the post-World War II era have we ever experienced as much financial instability as we are seeing right now? Should we just accept that massive financial instability is going to be part of "the new normal" in the financial world? The wild swings that we are witnessing in the global financial marketplace are making a whole lot of people very nervous right at the moment. When markets go up, they tend to do it slowly and steadily. When markets go down, a lot of times it can happen very rapidly. Also, as I have mentioned before, more major stock market crashes happen during…The following is from an article that was recently posted on MarketWatch....

The insiders have vanished.

Chief executives. Board members. The head honchos. The people who know. Just a few weeks ago, they were out in force, buying up shares in their own companies with both hands. No longer. They’ve disappeared. Almost overnight. “They’ve stopped buying,” says Charles Biderman, the chief executive of stock market research firm TrimTabs, which tracks the data.

For some reason, this almost always starts happening before a crash. So obviously this is not a good sign.

A lot of normal investors have been pulling large amounts of money out of stocks as well. The following is from a report in the Financial Post....

Investors have pulled more money from U.S. equity funds since the end of April than in the five months after the collapse of Lehman Brothers Holdings Inc., adding to the $2.1 trillion rout in American stocks.

About $75 billion was withdrawn from funds that focus on shares during the past four months, according to data compiled by Bloomberg from the Investment Company Institute, a Washington-based trade group, and EPFR Global, a research firm in Cambridge, Massachusetts. Outflows totaled $72.8 billion from October 2008 through February 2009, following Lehman’s bankruptcy, the data show.

Are you starting to get the picture?

Not only that, but a third very troubling sign is that an extraordinary number of bets have been placed against the S&P 500. As I noted the other day, if there is a stock market crash in the next few weeks, somebody is going to make a ton of money....

We are seeing an amazing number of bets against the S&P 500 right now. According to CNN, the number of bets against the S&P 500 rose to the highest level in a year last month. But that was nothing compared to what we are seeing for October. The number of bets against the S&P 500 for the month of October is absolutely astounding. Somebody is going to make a monstrous amount of money if there is a stock market crash next month.

It doesn't take a genius to see all the dark financial clouds that are gathering on the horizon.

And all of the bad news that is constantly coming out of Europe is certainly not helping things. For example, yesterday S&P slashed the credit ratings of seven different Italian banks.

Credit downgrades have become so frequent that we hardly even notice them anymore. Pessimism is everywhere right now. Suddenly it seems like almost everyone is predicting that another "recession" is coming....

According to a recent Harvard Business Review survey, 70 percent of global business leaders believe that a global recession is "somewhat likely" or "very likely" in the coming months.

Economist Nouriel Roubini says that we are "already in recession".

When asked by CNBC what he thought about the possibility of another recession, George Soros said the following the other day:“I think we are in it already.”..’

Portfolio Insights by Brett Arends Sept. 21, 2011 Brett Arends, MarketWatch BOSTON (MarketWatch) — ‘Something ominous is happening on Wall Street, but nobody has noticed. The insiders have vanished. Chief executives. Board members. The head honchos. The people who know. Just a few weeks ago, they were out in force, buying up shares in their own companies with both hands. No longer. They’ve disappeared. Almost overnight. “They’ve stopped buying,” says Charles Biderman, the chief executive of stock market research firm TrimTabs, which tracks the data. “Insiders aren’t buying this rally.” Insider stock purchases, which surged above $100 million a day in the market slump last month, have now collapsed to just $13 million a day. Meanwhile the ratio of insider sales to purchases has skyrocketed. Today insiders are dumping $7 in stock for each $1 that (other) insiders are buying. That’s a worrying ratio. Six weeks ago the amounts of purchases and sales were about equal. It’s the kind of news that should give investors pause. What insiders do with their own money is one of the stock market’s best barometers. After all, who better than company executives know their own order books? Who knows the conditions in their industry better? You find insiders typically buying heavily at the market lows — they did in 1987, in 1998, and they did during the financial crisis in 2008-9. (You also typically find them cashing out big-time at the peak). ‘

MARKETS DESTROYED AROUND THE WORLD: Here's What You Need To KnowBusiness Insider

The Real Reason Behind the Market's Meltdown Simon Maierhofer, On Thursday September 22, 2011, 11:01 pm

Was it just bad timing or did the Fed cause this two-day market meltdown?

Since Bernanke spoke yesterday the S&P (SNP: ^GSPC) lost as much as 80 points, nearly 7%. The Dow Jones (DJI: ^DJI) shed about 700 points, the Nasdaq (Nasdaq: ^IXIC) 150 points and the financial sector (NYSEArca: XLF - News) tumbled 7.7%. The VIX (Chicago Options: ^VIX) soared over 25%.

No doubt the Fed seems to have lost the touch that made QE2 a temporary 'success' (if success is measured exclusively by stock prices).

Bad Timing

But quite frankly, the timing of 'Operation Twist' was just plain bad. The market's fate was sealed even before Bernanke stepped on stage. Already back in August the ETF Profit Strategy Newsletter highlighted seven reasons why new lows are likely between September 6 and September 28.

In a special pre-FOMC announcement update on Tuesday night, the Newsletter confirmed its bearish outlook and recommended to short the S&P as soon as it breaks below 1,191. Why 1,191? Because it was important support composed of this week's pivot, Fibonacci support, the 20-day moving average and Monday's low.

Here are six reasons why new lows were likely and where and why stocks will bounce.

A Major M-Pattern (or Head-and Shoulders) Top

Since early 2011 the ETF Profit Strategy Newsletter has been expecting a major market top. The chart below shows a bearish multi-decade M-pattern (or sloppy head-and shoulders). The key question was were the right side of the 'M' would end.

The chart below was featured in an April 5 update along with the following commentary: 'In terms of resistance levels, the 1,369 - 1,382 range is a strong candidate for a reversal of potentially historic proportions.'

https://www.etfguide.com//contributor/UserFiles/8/Image/5%20-%20April%203%20TF.jpg

RSI Divergence

There is one striking similarity between the October/November 2008, March 2009 and May/June/July 2010 lows. In all three cases the S&P reached an initial price low accompanied by an RSI (relative strength indicator) low. However, a more lasting low was not reached until the S&P recorded a new price low against higher RSI reading.

In other words there had to be a divergence between the S&P and RSI. The S&P and RSI both recorded their initial low on August 9. Now we are waiting for a new S&P low while RSI stays above its August 9 reading.

Seasonality

August, September, and October is the most bearish stretch of the year. September and October sport negative performance even in the pre-election year.

Sentiment

From S&P 1,370 on May 2 to S&P 1,258 on June 16, the S&P shed 112 points and sentiment measured by Investors Intelligence (II) and the American Association for Individual Investors (AAII) turned deeply bearish. The June 16 ETF Profit Strategy   update took that as a queue to buy (long positions were closed at S&P 1,340).

From S&P 1,353 on July 7 to S&P 1,102 on August 9 the S&P lost 251 points, yet the II sentiment poll registered the second most bullish reading since the first week of May. AAII and II polls are often considered the 'dumb money.' If the 'dumb money' views last Wednesday's low as a buying opportunity, the 'smart money' should be suspicious.

VIX Pattern

If you have the charting capabilities, take a moment and plot the VIX (Chicago Options: ^VIX) against the S&P for the month of September - November 2008 and April - July 2010. If you don't have the time you may simply look at the chart below.

https://www.etfguide.com/images/PDNewsletter_Images/yahoo%20-%20vix%20pattern.gif

What What we've seen in 2008 and 2010 is that a VIX peak did not coincide with the S&P bottom. The S&P bottom actually occurred against a lower VIX reading. If this pattern continues, we will see lower lows.

The August 14 ETF Profit Strategy Newsletter update includes a detailed analysis of the VIX pattern, along with the time frame and target level for an expected turn.

The Script

Via more or less accidental chart surfing, I found a striking resemblance between the 2007 market top and the May 2011 top.  This moved me to state in the July 17 Profit Strategy update that:

'There is a similar trend line and a triple top above the trend line. A break below that trend line could be a precursor of bad things. Next week the trend line will be at about 1,262.'

The S&P sliced through that trend line on August 4 and fell an additional 12% within the next four days. A deeper analysis of this chart parallel also suggests new lows.

The Outlook

The market's performance over the last couple of days has validated the studies above. We are now waiting for new lows…’

Market Recap: China Falters, Banks Exposed, and Fed Causes Market to Plummet Wall St. Cheat Sheet, September 22, 2011, Hot Feature: U.S. Home Prices Down 3.3%Today’s markets were down because:1) Fed. Markets plummeted today following dire remarks on the economy from the Federal Reserve. The news of slowing growth also pushed most commodities lower, including oil, gold, and silver, while only Treasuries moved higher as investors sought one of the few safe havens left. The Fed’s announcement of Operation Twist yesterday failed to instill much confidence in the economy, and few think the measures will be enough to reverse the economic downswing over the last few months. After all the anticipation leading up to the Fed’s decision, investors were left with the understanding that not even the Fed has the power to turn this thing around. 2) China. Through all the economic turmoil that has engulfed the globe over the last few years, China has been the one shining beacon of progress and growth. However, despite the fact that China’s economy is still on track to grow 8.5% to 9% this year, its manufacturing sector has been contracting for the last three months now, according to HSBC’s manufacturing PMI. There was a lot of concern over China because heretofore it’s been the one pocket of unstoppable strength in the global economy,” said Paul Larson, chief equity strategist at Morningstar. “If that stops and China becomes a drag on worldwide growth, it could have big implications here in the U.S.” News that China might not be as infallible as once though had a host of popular Chinese stocks plummeting today, including shares of Sohu.com , Youku.com , RenRen , Sina Corp. , and Baidu.com , which fell nearly 11% today.3) Banks. After Moody’s downgraded some of the nation’s top banks yesterday, investors are growing worried about the financial industry’s exposure to the sovereign debt crisis in Europe. Not only were Bank of America , Wells Fargo , and Citigroup continuing to slide today after Moody’s downgraded them, citing the unlikelihood that the government will step in should the financial sector find itself in a similar situation to that of 2008, but the entire sector fell on concerns that Moody’s was right. Barclays , JPMorgan , Goldman Sachs , and Morgan Stanley were all heavy drags on the markets today. European banks were trading sharply lower for the same reason, with France’s SocGen and Credit Agricole falling 9.5% each, while Deutsche Bank and Credit Suisse also underperformed the markets. BONUS: Jobless Claims Continue in the Wrong Direction ‘

Federal Reserve's Twist of Fate Forecasts a Waterfall Into Early Octoberat MinyanvilleEurope debt crisis, dire economic reports cause Dow plunge Sep 22nd, 2011 News (HousingWire) Live Blog: Market Meltdownat The Wall Street JournalEU officials expect Greece to default but stay in eurozone London Telegraph | There is a growing consensus among EU diplomats and officials that Greece will default while remaining inside the eurozone.Depressed As A Nation? 80 Percent Of Americans Believe That We Are In A Recession Right Now The Economic Collapse | According to a brand new Gallup poll, 80 percent of Americans believe that we are in a recession right now. Soros: US Is Already in Double-Dip Recession CNBC.com | Soros said he believed the United States was already experiencing the pain of a double dip recession.

Stocks: Don't Get All Comfortable Just Yet at The Wall Street Journal Brendan Conway ‘Just as investors are coming out of their bunkers, S&P chartist Mark Arbeter says that the stock market is “breaking down” in “what could be a very nasty prelude to the fourth quarter.”He adds that “we do not think it will be long before the August lows get taken out.”The technician predicts that the S&P 500 will break through support at 1,110-1,120 to “eventually” meet its next support level around 1,020, or another 11% below Friday’s levels.“It appears that the next wave down has begun in earnest, and we recommend extreme caution at this point,” he says.’

Fed vs Market - Will Selling Pressure Overpower Operation Twist? Simon Maierhofer, September 23, 2011, The Fed just unleashed a $400 billion package to boost the economy. To say the market didn't react favorably would be an understatement.

The Financial Select Sector SPDR (NYSEArca: XLF - News) greeted the program with an 8% haircut. The S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI) and Nasdaq (Nasdaq: ^IXIC) fell 4-6%. On the bright side, the yield of the 10-Year T-Note dropped another 0.242%, from one all-time low to the next.

Will 'Operation Twist' buoy stocks or will the market overpower the Fed's half-hearted effort? Believe it or not, but after some more suffering, I believe the Fed will eventually reap some (temporary) credit for this stick save (more about that in a moment).

Bernanke Must be Surprised

In his February 9, 2011 speech before the U.S. House of Representatives, Ben Bernanke was quick to take credit for the results of QE2: 'Since then (the onset of QE2), equity prices have risen significantly, volatility in the equity market has fallen. All of these developments are what one would expect to see when monetary policy becomes more accommodative.'

On February 9, the S&P closed at 1,320, the VIX (Chicago Options: ^VIX) at 15.87. Today the S&P is 13% lower while the VIX has soared a stunning 160%. Bernanke's credibility has tumbled somewhere between 13 and 160%.

Contrary to Bernanke's upbeat outlook, the ETF Profit Strategy Newsletter published the following chart just a week after Bernanke's comfy cozy assessment of QE2 and the stock market's reaction.

https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20M%20pattern.gif

The chart shows a giant bearish head-and shoulders or M-pattern. At the time, the Newsletter projected a market top at 1,382 - 1,385. The April 4 ETF Profit Strategy update refined the target range: 'In terms of resistance levels, the 1,369 - 1,382 range is a strong candidate for a reversal of potentially historic proportions.'

Sleep in the Bed You Made

Operation Twist - the Fed's latest concoction - became necessary because QE2 didn't stick. Banks (NYSEArca: KBE - News) graciously accepted the generous $600 billion donation, but despite the huge cash infusion, the Banking Index today trades 22% below its November 3, 2010 prices,  when QE2 was launched.

Will Operation Twist be More 'Successful' than QE2?

QE2 created $600 billion out of thin air while Operation Twist merely changes the maturities of the Fed's existing balance sheet.

Over the next nine months the Fed will sell $400 billion worth of short-term (3 years or less) Treasuries and use the proceeds to buy maturities ranging from 6 - 30 years. Maturing mortgage-backed securities (MBS) will be re-investing in MBS, not in Treasuries.

If you are wondering how this approach of transferring money from the left to the right pant pockets makes a difference, you've already found the reason for the post FOMC-announcement meltdown.

Wall Street considered the proposal half-hearted and the stated goal of lowering long-term interests unnecessary, especially considering that the yield on the 10-Year T-Note is already at a multi-decade low.

Range bound Trading with a Purpose

From July 21 - August 8 the S&P lost nearly 250 points. Nevertheless, the August 8 TF made clear that there will be another low and stated that: 'One of the conditions for a market bottom is lower lows against improving breadth. Breadth was horrible today and no lasting low was reached. What generally tends to happen within a major sell off is a period of time where stocks take a breather followed by the final leg down. This final leg sports lower prices but improving breadth.'

Support at 1,121 held and the S&P was due for a 'breather period.' The back and forth of the recent weeks qualifies as just that. It also shows that there's a method behind the market's madness.

Range bound trading lulls investors into a false sense of security and makes traders gun shy before pulling the proverbial rug out from underneath them.

In a special Tuesday's pre-FOMC decision update, the ETF Profit Strategy Newsletter pointed out that the down side risk remains much bigger than the up side potential and that the direction for XLF is down as long as it doesn't move above the 20-day SMA at 12.70 and last week's high at 13.04.

Connoisseurs of technical analysis will find the following chart of interest. The update brought out that percentR (a measure of relative strength) moved above 80 for the first time since late July. The chart below (featured in Tuesday's update) showed what happened the last two times percentR moved above 80 - stocks dropped.

https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20-%20spx%209%2020%2011.gif

The actionable recommendation given was for aggressive investors to go short with a break below 1,191. Selling accelerated as soon as the S&P broke through the support at 1,191 and didn't stop until the S&P reached support at 1,121.

There were seven other reasons why I expected new lows (see August 14 and 21 update for a concise summary), one of them is seasonality. August, September, October is a bearish time of year, even during Presidential election years…’

Are We Japan Yet? No! But Closer!

More Pain Is Coming To Equities http://regator.com/p/253227580/more_pain_is_coming_to_equities By Penguin Capital Markets: ‘Run! That's what equity markets are screaming right now, and I have to agree. While markets have already dropped in reaction to the poor FOMC announcement, we've only scratched the surface of what could be another free-fall in stocks. The already significant drop in copper is a leading indicator that the recession. Look how the metal has just recently lost all its price momentum as of August.’

[video] Preservation of Capital Is (and should be, since much worse to come, the primary) Priorityat TheStreet.com

Taken to Task: ‘Free Market’ Champions Go Begging for Bailouts (Reprise)The Daily Ticker Aaron Task ‘Financial markets tumbled this week amid disappointment the Fed didn't do more and general disgust with the lack of action from European policymakers.

Which brings us to another installment of Taken to Task.

For all the talk about how traders love the free market and believe in the principles of unfettered capitalism, the folks on Wall Street can't seem to get enough of government bailouts.

After Ben Bernanke pledged to spend $400 billion on Operation Twist this week, I heard many more complaints about how the Fed didn't do ENOUGH vs. any chatter about how they've gone too far, are out of bullets and pushing on a string. That's so "first-half of 2011" before the stock market turned south, that is. (See: Fed Action Fails To Boost Animal Spirits: "Marginally Helpful," Says Former Fed Governor)

It seems the bold champions of free markets on Wall Street only like laissez faire capitalism when the markets are RISING.

This weekend, traders are hoping for some plan — ANY plan — to deal with Greece, whether it comes from the ECB, the IMF, the World Bank, Poseidon or Zeus. But nobody seems to be wishing to just let the chips fall where they may. Haircuts for bondholders? Write-downs for banks? Egads! The pain must be avoided at all costs! (See: Apocalypse Now? Markets Tumble as Europe Approaches "Tipping Point")

Of course, a generation of traders has been conditioned to believe the Fed — or some other institution — will come riding to their rescue if things get really dicey, or even just a little bit uncomfortable. So we can't blame them for taking on too much unhedged risk and (not-so) secretly hoping for yet another bailout, can we?

Just like there are no atheists in foxholes, the really are no libertarians on Wall Street. The only ideology traders believe in is making money and if that means more government intervention, bring it on! Someday, maybe, we'll get back to something approaching a free market. But if such a thing ever really existed, it was a long time ago in a galaxy far, far away.’

China Slowdown Pushes Chinese Internet Stocks and VIEs Off a CliffWall St. Cheat Sheet 

Moody's downgrades 8 Greek banks ATHENS, Greece (AP)

European and US Economies Teetering on Weak Policy, Leadership at Minyanville Kerr Sep 23, 2011 ‘Keeping up with today's financial and economic news is akin to watching a typical reality TV spot.’

Global economy pushed to the brink Sep 23rd, 2011 News (Financial Times) — Time is running out to find a solution to the eurozone crisis and prevent another global recession, finance ministers warned on Friday, as they hinted that discussions were under way to boost the firepower of European rescue funds.Financial markets experienced another day of intense volatility as investors struggled to interpret an emergency statement from the Group of 20 leading economies, which met on the sidelines of the International Monetary Fund and World Bank meetings in Washington.…Gold continued to slide sharply and US oil prices traded below $80 a barrel, their lowest in more than a year. Shares rallied modestly in Europe and the US, accompanied by selling in government bonds and the dollar.[ http://www.ft.com/intl/cms/s/0/9bedaa82-e603-11e0-960c-00144feabdc0.html#axzz1YUm6X1iD ]

CME raises margins for gold, silver, copper Sep 23rd, 2011 News (MarketWatch) — The CME Group CME +0.00% , the parent company of the New York Mercantile Exchange, on Friday raised margin requirements for some gold, silver and copper futures contracts. Margins are money investors must put up to be able to trade and hold futures contracts. Initial requirements for gold’s benchmark contract rose 21% to $11,475 per contract, from $9,450 and maintenance margins climbed to $8,500 from $7,000 per contract. Initial requirements for silver’s benchmark contract rose 16% to $24,975 per contract, from $21,600 and maintenance margins climbed to $18,500 from $16,000 per contract.[source]PG View: It is likely that expectations of this margin hike factored into today’s sell-off.

Gold Plunges More Than $100 as Investors Sell Sep 23rd, 2011 News (Bloomberg) — Gold fell, capping the biggest two- day plunge since 1983, on investor sales following routs in global equity and commodity markets.More than $3.4 trillion has been erased from equity values this week, sending a global measure of shares into a bear market, on concern that governments are running out of tools to avert a recession. The Standard & Poor’s GSCI Index of 24 commodities fell to a nine-month low today. Gold has dropped 15 percent since reaching a record $1,923.70 an ounce on Sept. 6.“Gold has become the source of liquidity for global margin calls,” said Michael A. Gayed, the chief investment strategist at Pension Partners LLC. “Also, deflationary pressures are acting on gold.” PG View: We’ve seen very strong physical buying interest on this retreat. Savvy investors know from experience that deleveraging breaks provide buying opportunity. The dollar and bonds may be up for now, but most realize that they aren’t the true safe-havens that they once were, and such allocations are therefore unlikely to prove sticky.

Dow Sinks 6.4% for Week Sep 23rd, 2011 News (Wall Street Journal) — Fears of a possible Greek default and the U.S economy dipping back into recession pushed the Dow Jones Industrial Average to its worst weekly decline since the depths of the financial crisis.Stocks edged slightly higher on Friday, as a pledge from global officials to maintain financial stability alleviated some investor anxiety. The slim gains, however, failed to overshadow the market’s poor weekly performance.The Dow edged up 37.65 points, or 0.4%, to 10771.48. But the index, which plunged 675 points on Wednesday and Thursday, finished the week down 6.4%, its worst performance since the week ended Oct. 10, 2008. [source]

G20 vows support for the global economy Sep 23rd, 2011 News (Financial Times) — The Group of 20 leading economies pledged a “strong and co-ordinated” effort to stabilise the global economy in an attempt to calm tumbling equities markets spooked by fears of recession in the eurozone and a gloomy economic outlook in the US.Bowing to pressure from investors to take action, finance ministers from the G20 economies said in a communiqué issued late on Thursday that they would stop the European debt crisis from deluging banks and financial markets, and take the necessary steps to bolster the eurozone’s rescue fund and assist banks to boost capital reserves in line with new global regulations. The statement followed a day in which the equity markets suffered some of the biggest falls since the collapse of Lehman Brothers in 2008, as investors rushed to safety in a widespread sell-off.“We commit to take all necessary actions to preserve the stability of banking systems and financial markets as required,” the group said in a statement. “We will ensure that banks are adequately capitalised and have sufficient access to funding to deal with current risks and that they fully implement Basel III along the agreed timelines.”[source]

Dollar gains driven by flight to safety Sep 23rd, 2011 News (Financial Times) — Risk aversion in equity and commodities markets drove the dollar higher this week as hopes for economic recovery were dealt another blow by the Federal Reserve’s latest assessment of US growth.The dollar climbed across the board on Thursday as investors sought safety and global equity markets tumbled with other risk assets, including industrial metals and oil. The latest catalyst for investors to flee for cover was the Fed’s statement on Wednesday that there were now “significant downside risks to the economic outlook”.[source]PG View: Should more accurately say “perceived” or “relative” safety.

Gold trades under $1,700, loses 4% Sep 23rd, 2011 News (MarketWatch) — Gold futures slid below $1,700 an ounce on Friday, losing more than 4% as turmoil in global financial markets continued and investors rushed to sell metals positions to raise cash. [source]

New York Fed re-monetized $0.930 billion in Treasury coupons in today’s QE2.5 operation. Sep 23rd, 2011 News

Morning Snapshot Sep 23rd, 2011 News (USAGOLD) — Gold extended sharply lower in overseas trading, pushing below the $1700 level for the first time in 7-weeks, as the global asset rout continues. The dollar remains well bid, trading near 7-month highs, bolstered by flight out of stocks and out of the euro.The G20 vowed “strong and co-ordinated” support in their communiqué late yesterday, saying “We commit to take all necessary actions to preserve the stability of banking systems and financial markets as required.” However, the absence of specifics did little to reassure markets. The market now looks to weekend IMF and World Bank meetings for guidance.Meanwhile, Congress is embroiled in yet another partisan battle, this time centered on a continuing spending resolution. The Republican controlled House passed a spending bill yesterday, but the Democrat controlled Senate has vowed to shoot it down. Failure to pass a resolution could result in a government shut-down next week. This is exactly the kind of behavior that promoted S&P to downgrade the US.

• France business confidence falls to 99 in Sep, below market expectations, vs 105 in Aug; production outlook tumbles to -29.
• Italy retail sales (sa) -0.1% m/m in Jul, below market expectations of +0.2%, vs negative revised -0.3% in Jun; -2.4% y/y.’

Investors Lose Faith in Stocks LAURICELLA ‘European nations, flirting with recession, can't agree on how to climb out from under their pile of debt. The U.S. is careening toward a budget fight that threatens to shut down the government. China's mammoth economy may be downshifting. And across the financial markets, a sea change is taking place. Investors are abandoning the time-tested "stocks for the long run" optimism that dominated since the late 1980s. Instead, there is a widening belief that the mess left behind by the housing bubble and financial crisis will be a morass to contend with for years. In a historic retreat, investors world-wide ...’

Don't Call It (Much of) A Comeback at The Wall Street Journal John Shipman ‘US stocks rebounded in a vigorous rally that comes after the market’s worst week in almost three years.It would be disingenuous to suggest these gains were fueled by any real tangible progress on the European debt mess; multiple sharp spikes higher during the day suggest a combination of short covering, end-of-month portfolio window dressing and dead-dog bounce…’

End of Quarter Price Mark-Ups; Dave’s Daily http://www.thestreet.com/story/11260606/1/end-of-quarter-price-mark-ups-daves-daily.html Dave Fry 9-27-11 ‘All you need do is view the last week of June 2011, the previous quarter end, and you'll note a similar quarter end jam-job. That week featured little bullish news to account for that market rise. And, this week all we have is "hope" and some elegant press releases which amount to nothing without specific action. Most of the so-called "euro zone fix" seems "iffy" and not clearly articulated beyond the "we must do something" mandate. Germans are particularly obstinate over their share of the burden. They have a parliamentary vote on the issue on Thursday. Chancellor Merkel's coalition may be falling apart. Greeks don't like hardly any of the sacrifices they need to make and social unrest is a given. I'll just repeat what was noted in yesterday's commentary: "DeMark weekly 9 "buy to close short positions" littered the European equity and U.S. bond landscape. With global equity correlations over 95% and these indicators being reliable, we saw immediate rallies. If bulls can continue this rally throughout the week fees for portfolio managers will be less negatively affected.  Sure it's cynical to say but it's also illegal to do. Who's gonna stop 'em? …’ [ Isn’t that the point! Nobody’s stopped them nor prosecuted them for their nation-destroying frauds in the trillions; not the dirty handed and compromised / complicit SEC nor DOJ, nor wobama despite false promises to the contrary, etc.. ]

Split opens over Greek bail-out terms Sep 27th, 2011 15:37 News (Financial Times) — A split has opened in the eurozone over the terms of Greece’s second €109bn bail-out with as many as seven of the bloc’s 17 members arguing for private creditors to swallow a bigger writedown on their Greek bond holdings, according to senior European officials.The divisions have emerged amid mounting concerns that Athens’ funding needs are much bigger than estimated just two months ago. They threaten to unpick a painfully negotiated deal reached with private sector bond holders in July.…Because of the recent economic downturn and Greece’s slow implementation of austerity measures, officials estimate Athens’ funding needs over the next three years have grown beyond the €172bn forecast this summer.[source]

PG View: Missed numbers out of Greece? Say it isn’t so. How far beyond €172 bln are we talking here? Does any number they give have any meaning? The funding needs when the last deal was cut back 0n 21-Jul where €109 bln, since then Greece’s needs have exploded about 60%…or more! No sane investor would throw more money into this sinkhole of unknowns.

SHILLER: House Prices Probably Won’t Hit Bottom For Years Sep 27th, 2011 News (BusinessInsider) — The July numbers for the most widely followed measure of house prices, the S&P/Case-Shiller Index, were released this morning.The numbers weren’t terrible–on a seasonally adjusted basis, July was basically the same as June–but one of the creators of the index, Professor Robert Shiller of Yale University, isn’t taking much solace in them.The economy has deteriorated significantly since July, Professor Shiller observes, and he suspects that the housing market has followed suit.[source]

Roubini: U.S. in Throes of Economic Contraction Sep 27th, 2011 News (Bloomberg) — Most advanced economies are lapsing back into recession while the U.S. is already in the throes of an economic contraction, according to Nouriel Roubini, co- founder and chairman of Roubini Global Economics LLC.“The way I see the global economy, I think we’re entering into a recession again in most advanced economies,” Roubini said in a panel discussion today at the Bloomberg Dealmakers Summit in New York. “I think we’re already into one in the U.S. based on the hard and soft data — same with most of the euro zone, same with the United Kingdom.” [source]

Mark Hulbert, MarketWatch CHAPEL HILL, N.C. (MarketWatch) [ Of course Mr. Hulbert is correct in pointing out the folly of what’s causing the meltdown. Indeed, he might even borrow from the homespun wisdom of the mama of that stellar investigatigative reporter, formerly of SNL fame, Rosanne Rosanna Dana, who reminds us ‘ It’s always somethin’ ‘ . Indeed, Rosanne; it is always somethin’… just not the somethin’ that the frauds on wall street et als say it is. The fact is the markets are grossly over-valued courtesy of a myriad of fraudulent tools; from computer-prgrammed high-frequency trade churn-and-earn scams, to ever more worthless funny money, to blatant misrepresentation / fudged numbers, etc.. Will you be left holding their worthless bag of hot potatoes? Will you be their fool … again … in this suckers’ market? ] — ‘Greece ate my homework. Not only that, if you believe the financial headlines, Greece is responsible for almost every financial ill that has beset the investment arena over the last 18 months. I say it’s time the headline writers came up with a new story to “explain” what’s happening to the stock market.

Consider last week, for example, when investors’ concern about a possible Greek default supposedly caused the Dow Jones Industrial Average DJIA +1.33%   to lose 738 points and the combined market capitalizations of all publicly traded stocks in the U.S. to lose $865 billion.
How could Greece have been the cause of that, when Greece’s total sovereign debt (counting both government debt and from the country’s monetary authorities) amounts to $393 billion, according to the International Monetary Fund? It doesn’t make sense, even if Greece’s debt were completely owed to U.S. banks — which it most definitely is not.

Blaming Greece makes even less sense when we focus on more than just the last week. Since the stock market high this spring, for example, U.S. stocks have lost approximately $2.5 trillion in market cap. Once again, the prime suspect is concern over Europe’s debt situation.

Yet the $2.5 trillion loss is more than twice the total debt (from both the government and the monetary authorities) of Greece, Spain and Portugal combined — the three PIIGS countries considered to be most in danger of default.

Why, then, do so many investment commentators persist in telling the story that Europe’s debt situation is to blame? Because it’s a convenient and easy explanation to fall back upon, especially in the face of a market that is otherwise acting so inscrutably.

How many of us have the guts to say that we don’t really know why the market went up or down? Rather than admitting that, we instead tell stories — akin to Rudyard Kipling’s “Just So” stories, such as the one about how the leopard got his spots.

Blaming Greece is only the latest example of this. My perennial favorite is the oft-used explanation that the market went up (or down) on a given day because there were more buyers than sellers (or more sellers than buyers). This is just intellectual laziness, of course: During any trading session there are always the same number of buyers and sellers.

Investors need to let Greece rest in peace. That country has enough problems of its own without being asked to take responsibility for ours as well.’

Bernanke calls unemployment a ‘national crisis’ 28 Sep 2011 Fed chief Ben Bernanke said Wednesday that the nation’s weak labor market was “a national crisis” [ Duh! No-recession-wall-street-lovin’-helicopter ben’s … done it again! … brilliant description of unfortunately what already is thanks in large part to his wall (fraud) street largess / welfare in the form of QE’s, etc..]

Unthinkable Poised to Happen on Wall Street. See Disturbing Charts. (Moneynews) ‘The Aftershock Survival Summit is a gripping, no-nonsense presentation that’s quickly becoming a financial beacon in an economic tsunami.

Featuring an exclusive interview with famed economist and best-selling author Robert Wiedemer, this disturbing presentation exposes harsh economic truths along with a dire financial warning — a prophetic message that’s spreading across America like wildfire.

But it’s not just the grim predictions that are causing the sensation; rather, it’s the comprehensive blueprint for economic survival that’s really commanding global attention.

It offers realistic, step-by-step solutions that the average hard-working American can easily follow; millions have already heeded its warnings and are rapidly sharing the Aftershock Survival Summit throughout the Internet. To see it for yourself, simply click here.

The overwhelming amount of feedback to publicize the presentation, initially screened for a private audience, came with consequences as various online networks repeatedly shut it down and affiliates refused to house the content.

“People were sitting up and taking notice, and they begged us to make the Aftershock Survival Summit public so they could easily share it,” said Newsmax Financial Publisher Aaron DeHoog, “but unfortunately, it kept getting pulled.”

The controversy stems from direct allegations that the people in Washington have failed miserably. They include former Federal Reserve Chairman Alan Greenspan and current Federal Reserve Chairman Ben Bernanke, tasked with preventing financial meltdowns and keeping the nation’s economy strong through monetary and credit policies.

At one point, Wiedemer even calls out Ben Bernanke, saying that his “money from heaven will be the path to hell.”

This wasn’t the first time Wiedemer’s predictions hit a nerve. In 2006, he and his team of economists accurately predicted the four-bubble meltdown in the housing, stock, private debt, and consumer spending markets that almost sunk America.

Regardless of his warnings and survival advice, Bernanke and Greenspan were not about to support Wiedemer publicly, nor were the mainstream media.

As the warnings went unheeded, and America suffered the consequences, Wiedemer penned his latest prophetic work, “Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown.”

Once again his contrarian views ruffled feathers and just before the book was publicly released, the publisher yanked the final chapter, deeming it too controversial for newsstand and online outlets such as Amazon.com.

Despite appearances, “Aftershock” is not a book with the singular intention of scaring people, explains DeHoog. “The true value lies in the sound economic survival guidance that people can act on immediately. I was able to read the original version with the ‘unpublished chapter,’ and I think it’s the most crucial in the entire book. After contacting Wiedemer, we [Newsmax] were granted permission to share it with our readers. In fact, viewers of the Aftershock Survival Summit are able to claim a free copy of it.”

In the Aftershock Survival Summit, Wiedemer reveals what the publisher didn’t want you to see. Citing the unthinkable, he provides disturbing evidence and financial charts forecasting 50% unemployment, a 90% stock market collapse, and 100% annual inflation.

“I doubted some of his predictions at first. But then Robert showed me the charts that provided evidence for such disturbing claims,” DeHoog commented.

Editors Note: The Aftershock Survival Summit shows the exact same charts. See them for yourself. http://w3.newsmax.com/a/aftershockb/video.cfm?PROMO_CODE=CD97-1 … ‘

Read more: Aftershock Survival Summit Predicts the Unthinkable
Important: Can you afford to Retire? Shocking Poll Results

Prepare for Lehman Brothers Part 2 MoneyShow.com Sep 15, 2011 ‘Three years ago, Lehman collapsed. Now, a new Lehman-like financial crisis is coming -- this time involving the debt of governments and European banks.’

Arguments for Being in the Crash Camp Conor Sen Sep 28, 2011 ‘This has been the sixth-most volatilite September since 1950. The only years more volatile? 2002, 2001, 1974, 1998, and 2008, years which included two major stock market bottoms (1974 and 2002), 9/11, Long Term Capital Management, and the fall of Lehman Brothers. Despite the crazy volatility, it is my contention that nothing meaningful has really happened this month. As we know, the reason for the volatility is primarily because of the ongoing sovereign debt crisis in Europe. And as news events of today confirm, we remain no closer to resolution here, even as stress indicators continue to deteriorate.

For example, while markets were surging today, German finance minster Wolfgang Schaeuble was out saying basically the same things he's been saying all along, that Germany is opposed to further bailouts or fiscal stimulus, and Europe's periphery should resolve its problems via fiscal consolidation.

Schaeuble Says 'Will Not Spend Our Way' Out of Crisis

Schaeuble Says 'Immediate Fiscal Reforms Are of the Essence'

Schaeuble Says Increasing EFSF Would Damage Some AAA Ratings

Schaeuble Says Monetary Policy 'Not the Way' to Solve Euro Woes

Later in the day, as the Financial Times reported, problems were surfacing regarding Greece's latest bailout package:

"A split has opened in the eurozone over the terms of Greece’s second €109bn bail-out with as many as seven of the bloc’s 17 members arguing for private creditors to swallow a bigger writedown on their Greek bond holdings, according to senior European officials."

What We Know:

Germany remains adamantly opposed to bailing out the periphery.

European and US macro data continues to weaken.

Greek debt is pricing in default, which, if it occurred, would be chaotic and unpredictable.

Austerity in the periphery is not working.

European sovereign yields continue to indicate worsening stress.

Over the past month Italy's 2-year yield has risen from 3.36% to 4.26% and its 10-year yield has risen from 5.07% to 5.60%.

Spain's 2-year yield has risen from 3.27% to 3.36% and its 10-year yield has risen from 5.00% to 5.05%

Germany's 2-year yield has fallen from 0.65% to 0.53% and its 10-year yield has fallen from 2.16% to 1.96%.

Contagion fears continue to increase.

The VIX has risen over the past month from 35.59 to 37.71.

Bank of America (BAC) CDS has widened from 333bps to 382bps.

Goldman Sachs (GS) CDS has widened from 240bps to 265bps.

Nothing's fixed and we're no closer to a fix. Bad news.

The good news is if history is any guide, we're likely no more than two to three weeks away from mercifully putting in a bottom for the rest of the year if we haven't already. Looking at those five years with Septembers more volatile than this one, the September-December low occurred on 10/3/74, 10/8/98, 9/21/01, 10/9/02, and 11/21/08 (though a major low in internals occurred on 10/10/08 and if you had bought that low you would've broken even through year-end). For whatever reason early-mid October is when final flush-outs tend to occur. Unfortunately this means the European crisis will most likely be the cause of yet more systemic pain in 2012…In a way these companies benefit from the current macro environment because it keeps valuations depressed and interest rates low, allowing them to borrow money cheaply and buy back more stock than they'd be able to at non-stressed valuations…’

Short-Selling Bans Extended, Stocks Fall Harder at The Wall Street Journal

Now's Not the Time to Take on Equity Market Exposure at Minyanville Erik Swarts Sep 28, 2011 ‘This is obvious when you consider the respective pieces that need to come together to resolve the sovereign debt crisis, and apply technical analysis to the charts.

[video]Buying on Rumor - Prepare For The Selling On NewsTheStreet.com TV

The Biggest Borrowers From Uncle Ben Bernanke at Forbes ‘It comes as little surprise that America’s biggest banks are among the heaviest borrowers from the Federal Reserve’s unprecedented liquidity facilities during the financial crisis that doled out more than $1.2 trillion. An analysis of thousands of documents by Bloomberg News shows just how big the outlays to some of the world’s largest financial firms really were, including the 20 that follow and saw their outstanding loans peak at more than $25 billion… { Read Full Story http://www.forbes.com/sites/steveschaefer/2011/08/23/morgan-stanley-leads-biggest-borrowers-from-uncle-ben-bernanke } ‘

THE GREATEST SHOW ON EARTH September 29, 2011 http://www.etfdigest.com

http://albertpeia.com/circuswallstreet.jpg

Yes, I’ve used this image before but it befits the past two months of frenetic two-way trading. Thursday markets moved sharply higher early on news of better Jobless Claims and GDP data plus the positive vote from the German parliament regarding funding their portion of the euro zone’s EFSF (European Financial Stability Facility).

Algos jumped on the headlines which is what they’re programmed to do. They don’t look under the hood for details since given their momentary focus, “facts don’t matter”—not at least right away.

A closer look inside Jobless Claims data is the consistent revisions for higher previous claims. This makes current reports generally seem better by comparison. Further, the BLS states with this report the significant impact of “seasonal factors” skewing the report. The figures used to adjust the data typically look for a drop in un-adjusted claims heading into the end of a quarter. For last week however, the seasonal adjustment factors predicted unadjusted claims would rise 0.4 percent per the Labor Department. Instead, unadjusted applications followed the typical patterns at the end of quarters and plunged 8.2 percent, leading to the even bigger drop in the adjusted data.

Below is an analysis of the GDP report directly from the always reliable and probative Consumer Metrics Institute.

The Bureau of Economic Analysis's (BEA) third estimate of second quarter 2011 U.S. Gross Domestic Product (GDP) was reported to be 1.34%, an upward adjustment from their previous data. The new growth number was .36% higher than the number reported last month for the same quarter. It is important to remember that this new monthly report covered the same time periods as the previous reports -- meaning that this monthly set of changes in the numbers was caused by late arriving data at the BEA and not actual month to month improvements in the economy.

Among the items notable in the report:

-- Aggregate consumer expenditures for goods was still reported to be contracting during the second quarter, dragging the overall growth rate of the economy down by a -0.38% rate. This is actually marginally weaker than the numbers in the earlier reports.

-- Consumer expenditures for services grew slightly during the quarter, at an improved (although still very sluggish) 0.87% annualized growth rate. But the adjustment in this single line item represented the bulk of the improvement in the headline number.

-- The growth rate of private fixed investments was only slightly higher, at a weak annualized 1.07% rate.

-- Inventories are still reported to have been drawn down during the quarter, indicating that production has slowed faster than demand. The revised estimate of inventory levels caused the overall growth rate to be reduced by a -0.28% annualized rate.

-- Total expenditures by governments at all levels was still reported to be shrinking, reducing overall economic activity at a -0.18% annualized rate.

-- Exports strengthened slightly relative to the earlier report, raising the contribution that they made to the overall GDP growth rate to 0.48%.

-- Imports decreased somewhat when compared to the earlier report, and are now reported to be removing -0.24% from the growth rate of the overall economy. The combination of the revisions in the import and export numbers contributed about half of the upward changes in the published headline number.

-- The growth rate of "real final sales of domestic product" was revised upward to an annualized 1.62%, as the result of the now higher consumer services figures, slightly improved foreign trade and the increased draw-down of inventories.

-- Working backwards from the data tables, the effective "deflater" used by the BEA to offset the impact of inflation was 2.58% -- still substantially below the rates reported by their sister agencies. Substituting the line-item appropriate (CPI or PPI) current inflation rate published by the Bureau of Labor Statistics (BLS) causes the "real" GDP to be contracting at a -0.73% annualized rate.

-- And using the same alternate BLS "deflaters" the real per-capita GDP can be shown to be contracting at a -1.45% annualized rate. Similarly, per-capita disposable income was contracting at a -0.92% annualized rate. These per-capita numbers are what impacts individual Americans and it is the real source of the frustration within the populace.

Not featured by the financial media beyond Bloomberg is Thursday’s report and graph on their Consumer Comfort Survey which shows this index as back to 2008-09 levels. This is hardly encouraging.

http://albertpeia.com/comfort.jpg

Fed Governor Lockhart finds current jobless conditions “perplexing and vexing” according to this Bloomberg story. So if I have my synonyms and meanings right he’s “embarrassed and pissed-off” which kind of disqualifies him from such a position.

Meanwhile back at Wall & Broad stocks as measured by the DJIA raced higher early by 260 points only to fall later by 45 points and then rally in “stick save” fashion to close 143 points higher. This really is the “Greatest Show on Earth”! The NASDAQ was lower by .43% led by semiconductor sectors (SMH) especially after a poor outlook from Advanced Micro Devices (AMD), down nearly 14%. Also there is still some lingering confusion over iPads from Apple (AAPL) versus Fire from Amazon (AMZN). Financials were higher which helped much of the bigger names rally although the rationale was difficult to determine.

Commodities, including precious and base metals, oil and grains were higher overall. The dollar was down slightly and bonds were stronger.

Volume was modest most of the day until the large “stick save” was put in place to end the session. Breadth per the WSJ was positive once again as quarter-end window dressing is in full swing.

http://albertpeia.com/929-1.jpg

Major U.S. Markets (5)
U.S. Market Sectors & ETFs (20)
Bonds (4)
Commodity & Currency ETFs (16)
International & Emerging Market ETFs (14)
$NYMO (1)
$NYSI (1)
$VIX (1)

The craziness continues for the clown act doing business as the Greatest Show on Earth. It’s no wonder so many individual investors have fled markets. Between phony data and window dressing it’s hard to stick with the long-term program. Three bear markets in 11 years would be enough to turn anyone off. Now we’re not in a bear market yet but we’re frightfully close.

Friday brings the not so reliable U of Michigan Consumer Sentiment, Personal Income and Spending and the important Chicago PMI. Friday also will allow for more end-of-quarter window dressing.’

[video] Trader: I'd Sell Into This Rally at TheStreet.com 

CEOs have the Blues About Business Prospects Wall St. Cheat Sheet 

Video: Wall Street Employees / Fraudsters Laugh, Drink Champagne as Protestors Rage Belowat Minyanville (Thu, Sep 29)

Housing Market Hasn’t Bottomed … : Mort Zuckerman - Peter Gorenstein ‘…"And they don't want to buy assets that are going down in price." That may be true, but there must be millions of consumers who look back on their subprime mortgage with regret.’

NO COUNTRY FOR OLD MEN Dave’s Daily http://www.etfdigest.com September 30, 2011 ‘It’s probably not a “market” for men or women of any age at this point. Warren Buffett has put himself out there recently buying stock in Bank of America (BAC) and then suggesting Friday it might take 3-5 years for the company to clean things up. He also stated he’s received inquiries from European banks for a financial injection which isn’t a good sign. He’s also been highly visible averaging down buying shares in his own Berkshire Hathaway (BRK/A) with $5 billion in purchases already this quarter. He says he likes the president’s jobs bill although admitted to not knowing its details which is poor due diligence. He’s also unsure of just what Obama’s “Buffett Rule” means as it applies to incomes over $250K deflecting the level by talking about people making $50M or more. All this struck me as interesting and odd … So for stocks overall this is the worst performing quarter since 2008 when we were entering a bear market. Are we due for a repeat or is this just a continuation of the previous bear market? It gives us a sense of a 1930s like market which featured substantial bear market rallies. For the quarter the DJIA was down 12%, S&P 500 down 14.3% and Nasdaq Composite down 12.9%. European stocks in aggregate lost 17% …’

How to Navigate a News-Paralyzed Market Simon Maierhofer, September 30, 2011, ‘… Here's my psychoanalysis of the market, which I believe is more accurate than my medical opinion. The market has one goal, one reason for 'living.' It's to separate as many people as possible from their money. He doesn't always win, but over the decades he's found the most effective ways to separate most from as much money as possible. He's got a tackle box full of baits and lures to bait and switch unassuming investors. The market is smarter than the collective of all investors and analysts because it knows at any given time what the collective 'Wall Street wisdom' thinks and does. If the market sees Wall Street is bullish, it will go down and vice versa. The market will not be told by the media what to do and laughs at assessments like the following from the media (taken from this week):

AP on Monday: 'Stocks jump on hopes for a Europe fix'

Reuters on Tuesday: 'Stocks pop on Europe hope'

AP on Wednesday: 'Stocks are closing lower, ending a three-day winning streak, as investors worry about Europe.'

Bloomberg on Thursday: 'Stocks advance on jobless claims' (since when does the market care about jobs anymore. Wasn't there any Greece news?) …’

Apple in a Dangerous Position; Bears Are Watching at Minyanville

90% of Americans say economy stinks

Protect your investments, what to look for next week. Forbes ‘ Right now is not the time to worry about knocking the ball out of the park.  Let’s focus on preserving your assets.  Today was end of the quarter and it was not pretty.  For the quarter end we were down about -14.31% on the S&P 500.  As for September, the S&P was down -7.21%, closing at 1131, down 5 points from were we closed Firday the 19th.  The week was extremely volatile; it has gotten to the point where Main Street does not feel safe in a long term asset allocation strategy…’

Don't Let Taxes Stop You From Selling Stocks at Forbes

Defensive Sectors Shine During Meltdown As Kodak Fades To Black at Forbes  …’

4 Market Signs Signaling Recession

Cyclical Sector ETFs Say It's the Economy, Stupidat The Wall Street Journal 

Japan Puts Cheapest Ever as Traders See Banking Lossesat Bloomberg

US incomes fall for first time in nearly 2 years

Moody’s Lowers U.S. Lodging Industry Outlook as Economy Slows

Yield Spread Confirming Recession Call http://www.zerohedge.com/news/guest-post-yield-spread-confirming-recession-call Lance Roberts of StreetTalk Advisors

Yield Spread Confirming Recession Call

Recession.   It is now becoming clearer, even to the mainstream media, that the "Big 'R'" is rapidly approaching, or already upon us.  Without further stimulus from the government the economy will continue its slide into negative growth.  Unfortunately, it doesn't look like the "Calvary" will be charging to the rescue anytime soon.   Bernanke, at this point has effectively punted to the Whitehouse for stimulative action.  The Whitehouse is embroiled in partisan politics which will keep any action from occurring until most likely after the next election.   This leaves the economy and the financial markets to their own devices, and much like kids without parental supervision, they are running amok.

I have been very vocal as of late commenting on the fact that a recession is fast approaching.   The trends of the economic numbers have all soured to the negative.   From manufacturing to personal incomes to sentiment they all are signaling a recession lay ahead.   Another confirming indicator of a recessionary track is the spread in yields between junk bonds and high quality bonds.  The chart here shows two different yield spreads.   The blue represents the difference in yields between AAA rated corporate bonds to BB rated bonds while the red represents the spread between 10-yr government treasuries to BB rated bonds.   The dotted horizontal lines represent when these spreads have signaled recessions in the economy.

When the economy is strong the spread between BB (Junk Bonds) and AAA Bonds or Government treasuries is much lower as the perceived risk of default on payment is lower.    In times of economic stress or recession the perceived risk of default or failure is much greater.   Currently, spreads at these levels are very indicative of economic stress and recessions.  The perceived risk of corporate failure is rising and spreads are widening as money leaves high risk bonds (driving interest rates higher) and moves to safer yielding bonds (keeping rates lower).   The wider the spread the harder it is for weak companies to access capital and corporate failures rise.  

On Friday, Lakshman Achuthan of the Economic Cycle Research Institute reviewed the weight of ECRI's research, observing "Now it's a done deal. We are going into a recession."

The spread in yields combined with our own research as well as that of the ECRI, which is a very conservative organization with calls generally way ahead of the consensus as we have repeatedly been, confirms that our views are most likely the correct one.

While the media tends to view the economy from one report to the next what is important is to understand the trend and the balance of the data on the whole.  Understanding the trend and balance will make you very unpopular with the rest of the world that consistently ops for the "glass half full" view  but will keep you from losing a lot of money in the long run.

John Hussman summed this view up well; "In contrast, good economists think about the economy as a system - where multiple sectors interact. We tend to use words like 'equilibrium' and 'syndrome' when we talk about economic data - emphasizing that the best signals involve a whole conformation of evidence, not one or two indicators, where the data - in combination - captures a particular signature of recession or recovery.

Look at how Achuthan described the situation on CNBC on Friday, and you'll see a good example of this sort of thinking:

'This is a done deal. We are going into a recession. We've been very objective about getting to this point, but last week we announced to our clients that we're slipping into a recession. This is the first time I'm saying it publicly. A broad range - this is not based on any one indicator - this is based on dozens of indicators for the United States - there is a contagion among those forward looking indicators that we only see at the onset of a business cycle recession.. These leading indicators, which are objective.. they have a certain pattern that they present in front of a recession, and that is in, that is in right now.'

'A recession is a process, and I think a lot of people don't understand that; they're looking for two negative quarters of GDP. But it is a process where sales disappoint, so production falls, employment falls, income falls, and then sales fall. That vicious circle has started. You're looking at the forward drivers of that, which are different indicators - there's not one - everything's imperfect. The Weekly Leading Index .. that is saying unequivocally, this is recession. Long Leading Index, which has a longer lead, is saying recession. Service sector indicators, non-financial services where 5 out of 8 Americans work, plunging. Manufacturing, going into contraction. Exports, collapsing. This is a deadly combination, we are not going to escape this, and it is a new recession.'

For investors, if you believe that current analyst estimates of forward operating earnings are correct, and you believe that the inappropriate bubble-era benchmarks for price-to-forward operating earnings are actually valid, and you've ignored all evidence that the Fed Model is spectacularly devoid of validity, and you believe that the only course for valuations is to move toward those misguided benchmarks regardless of what happens to Europe or the U.S. economy, then it's easy to believe that stocks will head higher.  For our part, we believe none of those things..."

We agree with John on this point.   These are points that we have written extensively on in the past.   In a low growth economic environment the persistent call for high growth rates in stock prices is dumbfounding.  History tells us that the corporate earnings, and ultimately capital appreciation, cannot grow faster than the economy for long.   Corporate earnings, and ultimately the prices paid for those earnings, are a reflection of the economy and not vice versa.

There is one final key point to all of this as it relates to the yield spread.   Investors face not only an oncoming recession here but also a probable sovereign default and recession in Europe.  The compounding of these factors translates into heightened credit risk here in the U.S. (as noted by credit spreads jumping  higher recently) and corporations do not borrow at the 10-year treasury rate.  They borrow from the bond market and the rising costs of borrowing due to rising credit risk impacts corporate profitability.  Expectations for earnings growth going into 2012 is still extremely high with current estimates sitting at an all-time record for the S&P 500 index next year.   The reality of that occurring is almost nil.   In turn, this means that prices will have to be adjusted for the reality of a recessionary economy which is why the average decline of stocks during a recession is about 33%.  

John Hussman summed our current stance up very well:  "Still, as always, we're data-driven, and there are possible combinations of evidence (not in hand at the moment) that could move us to a modestly or moderately constructive investment stance even in the context of broader economic risks. My impression continues to be that the best hope for a sustained advance (early on, probably only several weeks or a few months in duration) is from substantially lower levels, but we'll take our evidence as it comes. Suffice it to say that we remain defensive here, but are quite willing to shift our investment stance if the evidence supports that."   Well said.’

Hold Your Enthusiasm ... This Is Still A Bear Market Rally http://www.bullfax.com/?q=node-hold-your-enthusiasm-still-bear-market-rally, 10/06/2011 By StopAlerts:We have had three nice rally days, and call volume instead of put volume is dominant, but this is still a bear market rally, in our view. If you are buying specific stocks for specific long-term reasons, that is one thing, but if you are buying indexes it may be best to wait for more of a confirming price movement …’

Is a Recession Coming Next Year? – Zacks ‘ While the current economic data is not indicating we are back in recession, I find myself leaning more and more into the "recession in 2012" camp.’ [ This link is provided for the plethora of data / charts but misses the bigger picture of current data in the context of the fraudulent scam dollar debasement strategy of the fed and the inflationary impact of same so cheered by the frauds on wall street for the illusory effect of same. ]

[video] Caution Flag On The Rally TheStreet.com Ken Polcari of ICAP Equity warns investors to be careful with this rally, lows could be retested. 10/06/11

“The Prevailing Debate Among Economists and Historians is Whether the World Economy Faces the ‘Great’ Depression of the 1930s or the ‘Long’ Depression of the 1870s” Washington’s Blog | Economists Agree: We’re In a Depression. Fitch cuts Italy, Spain ratings; outlook negative , Wall Street vs Reality: A Hopeless Tug-of-War? http://symmetrycapital.net/index.php/blog/2011/10/wall-street-vs-reality-a-hopeless-tug-of-war Are Wall Street strategists living in a bubble? [ The short answer is, ‘YES’! The long answer is your work is quite (closer to) correct (and worse when dollar debasement is factored in).] According to our work, credit market, demographic, and leading economic  indicators are all pointing to a level of between 800 and 1,000 for the S&P 500 between now and 2012-2013. http://www.stansberryresearch.com/pro/1108PSI9MOVD/PPSIMA06/PR

Wall Street vs Reality: A Hopeless Tug-of-War? http://symmetrycapital.net/index.php/blog/2011/10/wall-street-vs-reality-a-hopeless-tug-of-war Are Wall Street strategists living in a bubble? [ The short answer is, ‘YES’! The long answer is your work is quite (closer to) correct (and worse when dollar debasement is factored in).] According to our work, credit market, demographic, and leading economic  indicators are all pointing to a level of between 800 and 1,000 for the S&P 500 between now and 2012-2013…’

Paulson's Big Fund Down 47%; Sept. Proves Dicey For Hedgiesat Barrons.com

Graham Summers Weekly Market Forecast (Dexia Now... Who's Next? Edition) http://www.zerohedge.com/contributed/graham-summers-weekly-market-forecast-dexia-now-whos-next-edition Phoenix Capital Research on 10/10/2011

Bank of England

Ben Bernanke

Ben Bernanke

Central Banks

default

Double Dip

Gross Domestic Product

International Monetary Fund

Lehman

Lehman Brothers

Reality

recovery

‘Things are getting truly desperate in Europe. I’d like to show just how bad they are by way of example: the Belgian bank Dexia, which is now in the process of being nationalized.

For starters, Dexia had 566 billion euros in debt and 19 billion euros in equity as of the end of 2010. Right off the bat, that’s a leverage ratio of 29 to 1. Lehman Brothers was leveraged at 30 to 1 when it collapsed.

Now consider that Belgium’s entire GDP is just 348 billion euros. Dexia has 566 billion euros in assets. Of this 352 billion are loans. Put another way, Dexia’s loan portfolio alone is larger than its home country’s entire economy.

AND THIS BANK PASSED THE STRESS TESTS.

Suffice to say, Europe’s banking system is in far FAR worse shape than anyone over there is admitting. The stress tests were complete and total fiction. And the market is starting to figure this out.

http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-2_1.png

Small wonder then that had both the IMF and the Bank of England have recently warned that the world is facing a “financial meltdown” and “the worst financial crisis in history.”

Ben Bernanke issued his own statement of doom last week as well, stating that his precious recovery is “close to faltering.” For a guy who’s spent TRILLIONS trying to create a recovery to admit things aren’t working out ought to give you an idea of just how bad things will be getting in the near future.

Indeed, stocks were rejected last at a descending trendline from the July top.

We should have at least gotten a bounce to the 38.2% retracement (1,200 on the S&P 500). So if the market fails to get there and simply rolls over here, then we’re going DOWN in a big way FAST.

http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-1_5.png

Here is the reality of the financial system today: 

§  The European banking system is facing systemic collapse.

§  The US economy has rolled over and is in a confirmed double dip in the context of a larger DE-pression.

§  The Central Banks and regulators have admitted we are peering into the abyss and they have no clue what to do.

 Yes, I believe that before this mess ends, the financial system as a whole will have collapsed. What's coming is going to make 2008 look like a joke.

If you have yet to prepare yourself for what’s coming, now is the time to do so. Whether it’s by moving to cash and bullion, opening some shorts, or simply getting out of the markets altogether, now is the time to be preparing for what’s coming (remember, stocks took six months to bottom after Lehman… and that was when the Fed still had some bullets left to combat the collapse).

And if you’re looking for specific ideas to profit from this mess, mr Surviving a Crisis Four Times Worse Than 2008 report can show you how to turn the unfolding disaster into a time of gains and profits for any investor.

Within its nine pages I explain precisely how the Second Round of the Crisis will unfold, where it will hit hardest, and the best means of profiting from it (the very investments my clients used to make triple digit returns in 2008).

Best of all, this report is 100% FREE. To pick up your copy today simply go to: http://www.gainspainscapital.com and click on the OUR FREE REPORTS tab.

Good Investing!

Graham Summers

PS. We also feature four other reports ALL devoted to helping you protect yourself, your portfolio, and your loved ones from the Second Round of the Great Crisis. Whether it’s my proprietary Crash Indicator which has caught every crash in the last 25 years or the best most profitable strategy for individual investors looking to profit from the upcoming US Debt Default, my reports covers it.’

FINANCIAL CRISIS

"ROUND TWO" SURVIVAL GUIDE THIS BEAR MARKET IS NOWHERE NEAR OVER. Since its March 10 low of 666 in 2009, the S&P 500 rally has been almost unstoppable. Pundits and media commentators alike have taken this to mean that the bear market is over and that stocks should once again be the primary asset class for investors. None of them knows what they’re talking about. Over the last 30 years, the US has built up record debts on a personal, state, and national level. Consumers thought they were financially stable so long as they could cover the interest payments on their credit cards, states created program after program few if any of which they could afford, and the Federal Government issued $30-50 trillion in debt and liabilities (counting Social Security and Medicare). This all came to a screeching halt when the housing bubble (arguably the biggest debt bubble in history) imploded in 2007. Since that time, stocks have staged one of their worst years on record (2008), one in five us mortgages has fallen underwater (meaning the mortgage loan is worth more than the home itself), and some trillions in US household wealth has evaporated. These issues seem to be distinct, but in reality they all stem from a debt problem. And as you know, there is only one legitimate way to deal with a debt problem: Pay it off. However, instead of doing this, the Feds (the Federal Reserve, Treasury Dept, etc.) have been producing EVEN MORE DEBT. Here’s a brief recap of their moves thus far: • The Federal Reserve cuts interest rates from 5.25‐0.25% (Sept ’07 today) • The Bear Stearns deal/ Fed buys $30 billion in junk mortgages (March ’08) • The Fed opens various lending windows to investment banks (March ’08) • The SEC proposes banning shortselling on financial stocks (July ’08) • The Treasury buys Fannie/Freddie for $400 billion (Sept ’08) • The Fed takes over AIG for $85 billion (Sept ’08) • The Fed doles out $25 billion for the auto makers (Sept ’08) • The Feds’ $700 billion Troubled Assets Relief Program (TARP) (Oct ’08)

• The Fed buys commercial paper (nonbank debt) from nonfinancials (Oct ’08) • The Fed offers $540 billion to backstop money market funds (Oct ’08) • The Feds backstops up to $280 billion of Citigroup’s liabilities (Oct ’08). • Another $40 billion to AIG (Nov ’08) • The Fed backstops up $140 billion of Bank of America’s liabilities (Jan ’09) • Obama’s $787 Billion Stimulus (Jan ’09) • The Fed’s $300 billion Quantitative Easing Program (Mar ’09) • The Fed buying $1.25 trillion in agency mortgage backed securities (Mar ’09 ’10) • The Fed buying $200 billion in agency debt (Mar ’09’10) • Cash for Clunkers I & II (JulyAugust ’09) And that’s a BRIEF recap (I’m sure I left something out). In a nutshell, The Feds have tried to combat a debt problem by ISSUING MORE DEBT. They’re pumping trillions of dollars into the financial system, trying to prop Wall Street and the stock market. They’ve managed to kick off a rally in stocks… But they HAVE NOT ADDRESSED THE FUNDAMENTAL ISSUES PLAGUING THE FINANCIAL MARKET. Stocks are headed for another Crash, possibly as bad as the one we saw in October November 2008. As you know, that Crash wiped out $11 trillion in household wealth in a matter of weeks. There’s no telling the damage this Second Round will cause. The Feds have thrown everything they’ve got (including the kitchen sink) at the financial crisis… and things are fundamentally no better than they were before: most major banks are insolvent, one in five US mortgages is underwater, and the stock market is being largely propped up by in‐house trading from a few key players (Goldman Sachs, UBS, etc). Make no mistake, we are rapidly headed for ugly times in the financial markets. The time to prepare yourself is NOW! And I’ve located several investments that will not only protect your portfolio… they’ll also help you turn a profit when this “house of cards” we call a market rally comes crashing down. I’ve detailed all of them in this report, The Financial Crisis “Round Two” Survival

Guide.

Two Ways Stocks Pay: Inflation and Dividends Before we get into the specific investment suggestions, it’s important to take a big picture of stocks as an asset class. The common consensus is that stocks return an average of 6% a year (at least going back to 1900).

However, a study by the London Business School recently revealed that when you

remove dividends, stocks’ gains drop to a mere 1.7% a year (even lower than

the return from longterm

Treasury bonds over the same period). Put another way, dividends account for 70% of the average US stock returns since 1900. When you remove dividends, stocks actually offer LESS reward and MORE risk than bonds. If you’d invested $1 in stocks in 1900, you’d have made $582 with reinvested dividends adjusted for inflation vs. a mere $6 from price appreciation. So as much as the CNBC crowd (and out serial bubble blowing Fed Chairman Ben Bernanke) would like to believe that the way to make money in stocks is buying low and selling high, the reality is that the vast majority of gains from stocks stem from dividends. The remaining gains have come largely from inflation. Bill King, Chief Market Strategist M. Ramsey King Securities recently published the following chart comparing REAL GDP (light blue), GDP when you account for inflation (dark blue), and the Dow Jones’ performance (black) over the last 30 years. What follows is a clear picture that since the mid-70s MOST of the perceived stock gains have come from inflation.

Which brings us to today. According to official data, the S&P 500 is currently trading at a Price to Earnings (P/E) ratio of 20 and yields 1.7%. In plain terms, stocks are expensive (historic average for P/E is 15) and paying little. In other words, there is little incentive, other than future inflation expectations, for owning stocks right now.

With this in mind, now is the time to be pruning your “long” holdings. We’ve had a spectacular run in stocks since the March 2009 low and the likelihood of this continuing much longer is relatively slim. Running Out of Buyers By most historic metrics, the market is showing signs of a significant top. Here are just a few key metrics: 1) Investor sentiment is back to super bullish autumn 2007 levels. 2) Insider selling to buying ratios are back to autumn 2007 levels (insiders are selling the farm). 3) Money market fund assets are at 2007 levels (indicating that investors have gone “all in” with stocks). 4) Mutual fund cash levels are at a historic low. This final point is key. Mutual funds are the “big boys” of the investment world. If they have become fully invested in the market, this means there are few buyers left to push stocks higher. This is evident in the fact that every time mutual fund cash levels dropped, stocks collapsed soon after (see chart below).

http://home.comcast.net/~RoyAshworth/Mutual_Fund_Cash_Levels/Mutual_Fund_Cash_Levels.htm

In plain terms, the odds are high that a Top is forming in stocks. With that in mind, if your portfolio is heavily invested in stocks, now is a time to be taking some profits. If you can, consider moving a sizable chunk into cash. The market is extremely tired and the systemic risks underlying the Financial Crisis are in no way resolved. With investor complacency (as measured by the VIX) back to pre‐Crash levels, the Fed withdrawing several of its more significant market props, and low participation coming from the larger institutions, this market is ripe for a serious correction. I’m not saying this will immediately happen. But at some point there will be a new round to the Financial Crisis. When that happens, we WILL have another Crash. Indeed, it is quite possible that stocks are making a VERY significant top, so being heavily invested in stocks going forward doesn’t make much sense. Take some money off the table. If you need a place to put it, I suggest physical cash or Gold/ Silver bullion. If You MUST Stay Long, Shift to Quality If you DO have to stay invested in stocks, now is the time to be shifting out of junk into quality. The market rally from March 2009 has largely been lead by junk companies (financials, retailers, etc). Meanwhile, quality has lagged dramatically. As an example, let’s compare the performance of Coke (KO) to Bank of America (BAC). KO is one of the best, most profitable brands in the world. The competitive moat around this business is extraordinary and it remains one of the most easily recognized franchises on the planet. You can drink six glasses of Coke a day and still enjoy it the next day. That quality is almost nowhere to be found in any other food/ beverage on the planet: even chocolate would get old after six bars a day. BAC on the other hand has swallowed Countrywide Financial AND Merrill Lynch’s garbage assets. It is effectively insolvent based on its derivative exposure alone (the company has derivatives equal to 3,000% of assets). BAC’s balance sheet is like an open sewer and without serious government intervention the company would not even exist right now. And yet, BAC’s stock has risen nearly 200% since the March ‘09 lows… while KO is up less than 50%.

This relationship works to the downside as well. What I mean is that when stocks come unhinged, Quality (Coke) then outperforms Garbage (Bank of America) hands down.

So, if you HAVE to remain invested in stocks to the long side for whatever reason, now is the time to be moving into high quality companies. This means finding companies with low debt, lots of cash, strong results (KO actually GREW revenues in 2008), and significant competitive advantages. Also, and this is critical, look for companies with strong balance sheets: companies that will still EXIST if there’s another Crisis. Depression or no, people will still drink soda, alcohol, smoke cigarettes, and need medicine. I’ve compiled a list of companies you should consider if you need to remain involved in stocks going forward: Company Symbol Sector Price/ Cash

Flow

Dividend

Yield Coke KO Soft Drinks 15 3.2%

Budweiser BUD Alcohol 14 N/A J&J JNJ Medicine 10 3.02% WalMart WMT General Retail 8 2.16% Exxon Mobil XOM Oil 11 2.51% You’ll note that most of these companies pay decent dividends (compared to the S&P 500’s 1.7%). This is critical going forward. With stocks overvalued, you want to make sure you’re at least getting paid for remaining involved in the market. However, there is an added bonus to owning Quality stocks right now. Because this market rally has largely been dominated by Garbage stocks, Quality companies like Coke have not yet risen to extreme valuations. Thus, you can still buy them at relatively cheap levels (less than 15 times cash flow). So, in a sense, they are a good investment based on pricing as well. I want to stress that these investments are only if you HAVE to stay in stocks for some reason. If there is another collapse these companies will fall like everything else. However, they will likely fall less than the rest of the market (see the chart comparing Coke and the S&P 500 below).

source: Yahoo Finance So while I do not expect these positions to make a lot of money now (these are not short-term trades), they should shelter you from losing too much money should another Crash hit. Indeed, if the market DOES collapse and these companies fall 10- 15% across the board (while the market falls 30%+) I would consider these investments even MORE attractive than they are today. Let me explain. Volatility can either hurt you or be your friend. Most people would sell a position if it fell 20-30%. This is wise if you’re investing based on momentum. However, if

you’re investing based on value, then doing this is completely antithetical to attaining high returns. Consider Coke. Let’s say tomorrow Coke collapsed from $55 to $25 per share. Most investors would panic and sell. I, on the other hand, would be buying greedily. Why? Because Coke’s business has a fundamental value. Even during a Financial Crisis and Depression, people will continue to drink soda. So the opportunity to buy Coke at $25 a share (which would be 7-8 times cash flow) would be truly an extraordinary opportunity. Indeed, from an income perspective alone, the opportunity here would be fantastic. Consider that in 2009, Coke paid out $1.76 in dividends. With shares at $55, this means a dividend yield of 3.2% (roughly three times what you’d get by leaving your money in a savings account). However, if Coke shares fell to $25, that $1.76 suddenly becomes a 7% yield

($1.75/ $25.00). That’s a heck of a return from an income perspective. Even if

globally the world entered a sharp Depression and Coke’s income fell by 30%,

pulling its payouts down to $1.23, you’re still looking at a 5% yield. Indeed, companies like Coke offer the potential of REAL value should their share prices drop. Their fundamentals almost ALWAYS outperform investor sentiment. What I mean by this is that should there be another Collapse, Coke’s share price will almost certainly fall MORE from its current levels than Coke’s cash payouts or income will from theirs. During 2008, Coke shares fell 30% or so. However, Coke actually INCREASED its dividend that year. Anyone who bought Coke in October 2008, now collects a 4% yield on their shares (four times what he or she would get from a bank account). This is why companies like Coke remain so strong during times of Crisis. With the FDIC broke and most US banks insolvent, investors desperately need a place to park cash that will still EXIST in a few years. Companies like Coke are a reasonable alternative to a savings account in the sense that you’re paid a higher yield for your deposit (now 3%, but 5% or higher if Coke shares plunge). Of course, because Coke is a stock, you can lose 1015%

or more if shares drop and you sell. In a Crisis, plain old cash will outperform just about anything.

This is why I’ve suggested moving money to cash, if you can. It’s also why I

suggested buying Coke and the other companies listed above only IF you HAVE

to be in stocks right now.

Catastrophe Insurance: Trades For When the Collapse Hits

Now is also the time to be taking out some “Catastrophe Insurance” by compiling a list of trades to make once stocks begin to collapse. Let me be clear, these are not

trades that you’ll make right now… these are trades you’ll make WHEN stocks

collapse.

Personally, I favor UltraShort ETFs. If you’re unfamiliar with UltraShort ETFs, these are invetsments that return 2X the inverse of a particular ETF. Let’s take an example, the UltraShort Financials ETF (SKF). SKF returns 2X the inverse of the Financials ETF (IYF). So if IYF falls 5%, SKF rises 10%. If IYF falls 10%, SKF rises 20%. In this sense, SKF is a great “hedge” or means of playing Financial stocks to the downside. However, there’s an added bonus to UltraShort ETFs like SKF: these investments ALSO trade based on demand from the marketplace. So if stocks collapse say 30%, you might actually see gains GREATER than 60% (2X the inverse) due to investors piling in as they seek to profit from the collapse. Consider SKF’s performance in 2008, for example. In 2008, financial stocks (as measured by the Financials ETF: IYF), fell roughly 50%.

However, if you’d bought SKF once the Crisis really took hold (late September), you could have made MORE than 100% in two month’s time:

This is what makes the UltraShort ETFs so handy when a Crisis hits: because they truly skyrocket as investors stampede like elephants into safety. However, I MUST STRESS that these are not investments to “buy and hold”.

Instead, these are shortterm

trades you should make ONLY once stocks have

begun to truly collapse. Simply add them to your “on deck” trades to make

once the next Crisis hits. You’re probably asking yourself, “how can I distinguish between an ordinary

correction and a REAL Crisis?” Let’s see what history shows us. If you recall from 2008, stocks didn’t go straight down. Instead they dropped, bounced, and then began the serious collapse. Looking back at that time, the 50 DMA served as a useful metric for gauging that a serious decline was about to begin:

As you can see stocks rolled over and broke below their 50DMA in late 2007. After that, the 50DMA acted as strong resistance. Indeed, there was only one bounce above this level, which lasted roughly a month and a half. The real trouble began in the summer of 2008, and investors were given a decent warning when the S&P 500 collapsed and then bounced to test the 50‐DMA and failed to break it.

Similar warnings appeared before the 1987 Crash:

The Tech Bubble:

And the 2008 Crash:

Thus, this tells us that the 50DMA is a strong metric for gauging when real trouble hits stocks again. On that note, the trigger you should be looking for in terms of

when the next Crash will hit will be a decisive break BELOW the 50DMA

followed by a strong bounce that FAILS to break above it again. With that in mind, here are some trades to put “on deck” for when the next round of the Crisis hits. Trade #1: Short the Russell 2000

The Russell 2000 is perhaps the junkiest index in the US. Many of the companies that

comprise this index don’t even MAKE money and most likely should have never been

taken public in the first place. This is the “risk” index, the index of companies that are

garbage. For that reason, the Russell 2000 will collapse most when stocks truly begin

rolling over.

The below chart compares the Russell 2000’s performance against that of the Dow Jones

Industrial Average during the 2008 Crash. As you can see, the Russell dropped

significantly more:

For this reason, I suggest buying the UltraShort Russell 2000 ETF (TWM) when the

market begins its next real collapse.

The UltraShort Russell 2000 ETF (TWM) returns 2X the inverse of the Russell 2000.

So if the Russell 2000 falls 5%, TWM returns 10%. If the Russell 2000 falls 10%, TWM

returns 20%. It’s a terrific means of playing the collapse in small cap stocks.

Again, wait for stocks to enter a free fall before opening this trade.

Trade #2: Short Financials

By now you know that the current Crisis has centered on the financial sector, specifically

the banks. The Protect Your Savings report details the issues extensively. However, as

further proof, the below chart shows that US banks are about to get slammed with another

round of mortgage defaults from the residential housing sector (I’m not even going to

bother including the commercial real estate market which is a multi-billion time bomb in

of itself).

Suffice to say, Financials have a lot of issues coming their way in the future. For that

reason, when the next Round of the Crisis hits, I suggest buying the UltraShort

Financials ETF (SKF).

SKF returns 2X the inverse of the Financials ETF (IYF). So if the IYF falls 5%, SKF

returns 10%. If the IYF falls 10%, SKF returns 20%. It’s a terrific means of playing the

collapse in financials stocks.

Again, wait for stocks to enter a free fall before opening this trade.

Trade #3: Short the Retail ETF

The US consumer accounts for 70% of US GDP. Real unemployment is currently close to 17%. Food Stamp usage is around a record 38 million. Tax receipts for 2010 so far are LOWER than 2009’s levels (didn’t everyone think the entire world was ending back then?). And yet, retail stocks are back to their 2007 highs:

As you can see, retail stocks in general are up nearly 200% during the worst recession in decades. It’s simply staggering. For that reason, I suggest Shorting the

Retail ETF (XRT) when stocks start to collapse. XRT gives broad exposure to the retail sector. Its top holdings are: Company % of Assets Casey General Stores 1.9% Gamestop 1.9% Jos A Bank Clothiers 1.8% Netflix 1.8% Tractor Supply 1.7% Annetaylor Stores 1.7% Limited Brands 1.7% Childrens PI Retail Stores 1.7% Best Buy 1.6% Abercrombie and Fitch 1.6% Shorting this ETF gives you the opportunity to short retail across the board. However, if you’re more inclined to short specific companies, I’d focus on apparel and clothing retailers like Gap (GPS), Limited Brands (LTD), Nordstrom (JWN), and the like. As with the other trades, only enter these shorts when the market begins to enter a free fall.

Trade #4: Short the Emerging Markets Emerging markets have leaded the US on this latest rally: they bottomed back in November 2008, while US stocks continued to plunge until March 2009. That’s not the only “leading” emerging markets have done. While the S&P 500 is up some 60% from its March lows, China, Brazil and their kind have all more than DOUBLED from the November 2008 lows.

This relationship will reverse in the next Crisis.

During times of Crisis, the “flight to safety” involves institutional investors dumping

their foreign shares to load up on Treasuries or other perceived “safe havens.”

Consequently, emerging markets are hit hardest when the markets collapse.

For that reason, when the next collapse begins I suggest shorting emerging markets via

any number of inverse Ultrashort ETFs. The most popular ones are:

1) The UltraShort Emerging markets ETF (EEV)

2) The UltraShort China ETF (FXP)

3) The UltraShort Brazil ETF (BZQ)

All three of these return 2X the inverse of an underlying index: the MSCI Emerging

Markets ETF, the FTSE/ Xinhua 25 ETF, and the Brazil ETF, respectively. As such, they

represent a great way to pocket major gains when the emerging markets collapse along

with the rest of the financial world during the next Crisis.

As with the other trades, only enter these shorts when the market begins to enter a free fall.
CONCLUSION This concludes the our report. If you found this interesting you might want to consider delving into our other FREE reports. All of them are available for downloading. Simply click here.

Good Investing!

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Think Tank Says Bailout Fund Will Need $6 Trillion And France Will Lose AAA Rating Daily Bail | Where do they plan to get the money, Euro Claus?

We Are Still Early In This Bear Phase http://www.bullseyemicrocaps.com/?p=10478 By Roger Nusbaum: ‘A reader left a question a couple of days ago asking my opinion on how to determine a market bottom. My thought process here will probably seem a little Hussmanesque. I tend to think of this in terms of probabilities and whether or not the market gets the benefit of the doubt at a given moment. A contributing factor here is duration. Earlier in the week I saw a stat about bear markets lasting four hundred and something days and we were only 150 days in (by some measure). The exact numbers cited don’t matter to me so much as the general understanding that bear markets last well over a year on average and we are only a few months in…’

Stocks Surge On New Promises From European Leaders, Dow Adds 300 Points [ Come on! Wake up! Two desperate, failed politicians who haven’t the slightest idea what they’re doing; certainly in the areas of finance and economics. Indeed, they’ve borrowed from a page in the fraudulent wall street / defacto bankrupt american book of failure and fraud in banging ‘square pegs in round holes’ along with nation-draining fraudulent obfuscation with b***s*** alone that hearkens back to that ’Weimar dollar’ era that was precursor to and inevitably led to the inflationary / no real value collapse now underway as is already the scenario in america. How totally desperate and pathetic they are. This is cheered by the wall street types / frauds to enable them to favorably cash out. Take your profits while you still can, protect yourself while you still can, this fraud – induced collapse is just beginning. New ‘promises’! Currency-debased high inflation rally! What a joke they’ve become! ]

Bulls Prevent Bear Market This Week: Dave's Dailyat TheStreet  [Sorry Dave … this is already a secular bear market with sporadic, contrived, HFT / programmed contraindicated suckers’ bear market rallies that you yourself have previously pointed out, alluded to. Who talked to you Dave, which by the way brought you ‘back into the fold’ at least at Yahoo, etc., with your atypically inaccurate headline.] It didn’t take much Tuesday to get a short-squeeze underway. Markets were at bear market levels then until a rumor, passing as a news story from FT, got the bullish HFT algos going.

Train Reading: Imagine at The Wall Street JournalMark Gongloff

Steve Jobs and America’s decline — Greg Ip in the Economist

The impact of phony short-squeeze rallies — Ritholtz

Don’t mock the 99% — Megan McArdle

Did LSD help make Steve Jobs more creative? — Slate

Alex P. Keaton, an alternative history — Josh Brown

Steve Jobs and America’s decline — Greg Ip in the Economist Oct 6th 2011, G.I. | WASHINGTON [ That Steve Jobs was great for having literally saved Apple Computer from extinction, there is no question and I’ve previously eulogized him accordingly, ‘pre-death’ (my first computer was an AppleIIc in 1986). Related story: ‘Did LSD help make Steve Jobs more creative? — Slate’ Yet, for every story as his, the Beatles (my favorite band all-time, along with the Classical Greats), etc., I can relate a multitude of stories of tragedy, disaster, including one of a quite brilliant lad I worked with – summer job – who expounded on the benefits of LSD expanding one’s mind {repeatedly recommending I try it – I didn’t- never did} was accepted at Columbia Law School, and while hitchhiking while high in mind-expansion-mode walked into a mack truck thereby expanding his mind (and body) all over the roadway, etc..] ‘EARLIER this year a Federal Reserve official tried to tamp down worries about inflation by noting that, while food and petrol were getting more expensive, you could now buy an iPad that was twice as powerful for the same price as the previous model. The remark, soon lampooned as “Let them eat iPads”, predictably drew derision. But it typified a tactic to which American leaders frequently turn when they need a rejoinder to economic doomsaying: cite an Apple product.As bad as their politics has got, Americans could always comfort themselves with the knowledge that their business leaders, entrepreneurs and workers were the most dynamic and innovative in the world. But they may look back on 2011 and see three events that undermine that story: the downgrade of America’s credit rating; the last flight of the space shuttle; and Mr Jobs’s death. The first, coming as it did on the heels of a debilitating and entirely pointless fight over raising the debt ceiling, captures how American political dysfunction has undermined the economy’s institutional pillars. The latter two symbolised the waning of, respectively, American public and private technological pre-eminence.

Of course, it would be foolish to count out Apple, much less an entire economy, because of one man’s death. Yet even if Apple remains as successful as it has been under Mr Jobs, that success long ago decoupled from that of the broader economy. Written on the back of my iPod are the words, “Designed by Apple in California, Assembled in China.” It was classic Jobs: reframing an issue, the outsourcing of American manufacturing jobs, as something inspirational rather than discouraging. The low-skill assembly jobs and the middle-class lives they provided may be leaving for Asian shores, but the brainy, wealth-creating parts of the process—the design, the engineering, the marketing—were firmly rooted in Silicon Valley. Free traders (including me) loved to cite the research that finds far more of the value in an iPod is added in America than in China.

But behind this glowing story of synergy between American brains and Chinese brawn lay a more disturbing reality. American global economic leadership has, in the last decade, benefited an ever narrower slice of its people. They have become fabulously wealthy, while the vast majority of job growth has been in areas like education and health care, where productivity and wages are stagnant, a trend well documented by Michael Spence. American global business leadership used to be personified by the likes of General Motors, Caterpillar, General Electric and Eastman Kodak. As they lost market share to foreign competitors, shifted employment overseas or flirted with bankruptcy, the focus turned to technology companies like Cisco Systems, Microsoft and Hewlett Packard. Microsoft and Cisco are both fine, though in recent years they have undergone layoffs and seen their market values shrink to a fraction of their bubble-era peaks. Hewlett Packard, of course, is flailing around for a new business model, and is seeking to exit the personal-computer business altogether.

Americans' entrepreneurial self-esteem is now embodied by Apple, Google, Facebook and Amazon. These are indeed fabulously innovative companies with world-beating business models. Yet one wonders if they are increasingly the exception, not the rule, and if the passing of Mr Jobs is simply the most prominent example of a broader decline in American entrepreneurship. According to JPMorgan, in the late 1990s, employment at start-up companies regularly grew 1.2m per quarter. That has fallen to 700,000 since the current recovery began. John Haltiwanger, probably the leading economist on employment dynamics by firm size, finds similar trends.

Entrepreneurship and innovation, of course, are not the same thing. Yet even if American innovation is fundamentally sound, there remains the more unsettling problem of how narrowly its fruits are shared. If you want to know why the Senate is on the verge of passing a bill punishing China for its trade practices, look no further than this fact: Apple, Google, Facebook and Amazon collectively employ just 113,000 people, a third of GM’s payroll in 1980. Naturally, as Adam Smith pointed out long ago, the sole purpose of production is consumption, so one should not scoff at the benefits these companies create for Americans in their other role as consumers rather than workers. And in truth, technological advancement has probably done far more than trade to hollow out the middle class and widen inequality. Slapping China with punitive tariffs is more likely to trigger a trade war than restore millions of middle-class jobs.

But this is not a message that resonates with voters, or Congress. Both suspect that globalisation has done far more to benefit companies’ shareholders and their bankers than rank-and-file workers. That is the conviction of the people now occupying Wall Street, even if they lack coherent plans for dealing with it. And one can't blame them for suspecting the administration’s motives when its ambassador to China delivers a speech that so prominently takes up the cause of American credit-card companies. Of course, Visa and Mastercard are as deserving of government support in foreign markets as any metal-bending company; but they only employ 12,600 people worldwide.

It would be unfair to lay this all at the feet of American politicians: widening inequality and the decline of middle-class manufacturing jobs is a global phenomenon that vexes governments everywhere. Yet this does not excuse American governance for making matters worse. There are lots of things it could do to improve the ability of and incentives for American companies and workers to innovate and grow, whether it’s taxing fossil fuels, giving more green cards to foreign scientists and engineers or simplifying the tax code. These days, however, that seems a fantasy compared to more prosaic demands such as, don’t shut down the government, starve critical government agencies of funds or default on the national debt. If America is going to hold on to its technological mojo, it needs all the help it can get.’

>

9 things you didn’t know about the life of Steve Jobs ‘For all of his years in the spotlight at the helm of Apple, Steve Jobs in many ways remains an inscrutable figure — even in his death. Fiercely private, Jobs concealed most specifics about his personal life, from his curious family life to the details of his battle with pancreatic cancer — a disease that ultimately claimed him on Wednesday, at the age of 56.

While the CEO and co-founder of Apple steered most interviews away from the public fascination with his private life, there's plenty we know about Jobs the person, beyond the Mac and the iPhone. If anything, the obscure details of his interior life paint a subtler, more nuanced portrait of how one of the finest technology minds of our time grew into the dynamo that we remember him as today.

1. Early life and childhood
Jobs was born in San Francisco on February 24, 1955. He was adopted shortly after his birth and reared near Mountain View, California by a couple named Clara and Paul Jobs. His adoptive father — a term that Jobs openly objected to — was a machinist for a laser company and his mother worked as an accountant.

Later in life, Jobs discovered the identities of his estranged parents. His birth mother, Joanne Simpson, was a graduate student at the time and later a speech pathologist; his biological father, Abdulfattah John Jandali, was a Syrian Muslim who left the country at age 18 and reportedly now serves as the vice president of a Reno, Nevada casino. While Jobs reconnected with Simpson in later years, he and his biological father remained estranged.

2. College dropout
The lead mind behind the most successful company on the planet never graduated from college, in fact, he didn't even get close. After graduating from high school in Cupertino, California — a town now synonymous with 1 Infinite Loop, Apple's headquarters — Jobs enrolled in Reed College in 1972. Jobs stayed at Reed (a liberal arts university in Portland, Oregon) for only one semester, dropping out quickly due to the financial burden the private school's steep tuition placed on his parents.

In his famous 2005 commencement speech to Stanford University, Jobs said of his time at Reed: "It wasn't all romantic. I didn't have a dorm room, so I slept on the floor in friends' rooms, I returned coke bottles for the 5 cent deposits to buy food with, and I would walk the seven miles across town every Sunday night to get one good meal a week at the Hare Krishna temple."

3. Fibbed to his Apple co-founder about a job at Atari
Jobs is well known for his innovations in personal computing, mobile tech, and software, but he also helped create one of the best known video games of all-time. In 1975, Jobs was tapped by Atari to work on the Pong-like game Breakout.

He was reportedly offered $750 for his development work, with the possibility of an extra $100 for each chip eliminated from the game's final design. Jobs recruited Steve Wozniak (later one of Apple's other founders) to help him with the challenge. Wozniak managed to whittle the prototype's design down so much that Atari paid out a $5,000 bonus — but Jobs kept the bonus for himself, and paid his unsuspecting friend only $375, according to Wozniak's own autobiography.

4. The wife he leaves behind
Like the rest of his family life, Jobs kept his marriage out of the public eye. Thinking back on his legacy conjures images of him commanding the stage in his trademark black turtleneck and jeans, and those solo moments are his most iconic. But at home in Palo Alto, Jobs was raising a family with his wife, Laurene, an entrepreneur who attended the University of Pennsylvania's prestigious Wharton business school and later received her MBA at Stanford, where she first met her future husband.

For all of his single-minded dedication to the company he built from the ground up, Jobs actually skipped a meeting to take Laurene on their first date: "I was in the parking lot with the key in the car, and I thought to myself, 'If this is my last night on earth, would I rather spend it at a business meeting or with this woman?' I ran across the parking lot, asked her if she'd have dinner with me. She said yes, we walked into town and we've been together ever since."

In 1991, Jobs and Powell were married in the Ahwahnee Hotel at Yosemite National Park, and the marriage was officiated by Kobin Chino, a Zen Buddhist monk.

5. His sister is a famous author
Later in his life, Jobs crossed paths with his biological sister while seeking the identity of his birth parents. His sister, Mona Simpson (born Mona Jandali), is the well-known author of Anywhere But Here — a story about a mother and daughter that was later adapted into a film starring Natalie Portman and Susan Sarandon.

After reuniting, Jobs and Simpson developed a close relationship. Of his sister, he told a New York Times interviewer: "We're family. She's one of my best friends in the world. I call her and talk to her every couple of days.'' Anywhere But Here is dedicated to "my brother Steve."

6. Celebrity romances
In The Second Coming of Steve Jobs, an unauthorized biography, a friend from Reed reveals that Jobs had a brief fling with folk singer Joan Baez. Baez confirmed the the two were close "briefly," though her romantic connection with Bob Dylan is much better known (Dylan was the Apple icon's favorite musician). The biography also notes that Jobs went out with actress Diane Keaton briefly.

7. His first daughter
When he was 23, Jobs and his high school girlfriend Chris Ann Brennan conceived a daughter, Lisa Brennan Jobs. She was born in 1978, just as Apple began picking up steam in the tech world. He and Brennan never married, and Jobs reportedly denied paternity for some time, going as far as stating that he was sterile in court documents. He went on to father three more children with Laurene Powell. After later mending their relationship, Jobs paid for his first daughter's education at Harvard. She graduated in 2000 and now works as a magazine writer.

8. Alternative lifestyle
In a few interviews, Jobs hinted at his early experience with the psychedelic drug LSD. Of Microsoft founder Bill Gates, Jobs said: "I wish him the best, I really do. I just think he and Microsoft are a bit narrow. He'd be a broader guy if he had dropped acid once or gone off to an ashram when he was younger."

The connection has enough weight that Albert Hofmann, the Swiss scientist who first synthesized (and took) LSD, appealed to Jobs for funding for research about the drug's therapeutic use.

In a book interview, Jobs called his experience with the drug "one of the two or three most important things I have done in my life." As Jobs himself has suggested, LSD may have contributed to the "think different" approach that still puts Apple's designs a head above the competition.

Jobs will forever be a visionary, and his personal life also reflects the forward-thinking, alternative approach that vaulted Apple to success. During a trip to India, Jobs visited a well-known ashram and returned to the U.S. as a Zen Buddhist.

Jobs was also a pescetarian who didn't consume most animal products, and didn't eat meat other than fish. A strong believer in Eastern medicine, he sought to treat his own cancer through alternative approaches and specialized diets before reluctantly seeking his first surgery for a cancerous tumor in 2004.

9. His fortune
As the CEO of the world's most valuable brand, Jobs pulled in a comically low annual salary of just $1. While the gesture isn't unheard of in the corporate world  — Google's Larry Page, Sergey Brin, and Eric Schmidt all pocketed the same 100 penny salary annually — Jobs has kept his salary at $1 since 1997, the year he became Apple's lead executive. Of his salary, Jobs joked in 2007: "I get 50 cents a year for showing up, and the other 50 cents is based on my performance."

In early 2011, Jobs owned 5.5 million shares of Apple. After his death, Apple shares were valued at $377.64 — a roughly 43-fold growth in valuation over the last 10 years that shows no signs of slowing down.

He may only have taken in a single dollar per year, but Jobs leaves behind a vast fortune. The largest chunk of that wealth is the roughly $7 billion from the sale of Pixar to Disney in 2006. In 2011, with an estimated net worth of $8.3 billion, he was the 110th richest person in the world, according to Forbes. If Jobs hadn't sold his shares upon leaving Apple in 1985 (before returning to the company in 1996), he would be the world's fifth richest individual.

While there's no word yet on plans for his estate, Jobs leaves behind three children from his marriage to Laurene Jobs (Reed, Erin, and Eve), as well as his first daughter, Lisa Brennan-Jobs.’

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Did LSD help make Steve Jobs more creative? — Slate { I’d say ‘causation’ (cause/effect) becomes problematic here; a ‘chicken and egg’ kind of thing that in the realm of Kantian philosophy would be considered a noumenon; quite possibly even misconstrued by Jobs himself in an overly humble, somewhat self-effacing kind of way, ignoring his innate abilty, brilliance. } [ That Steve Jobs was great for having literally saved Apple Computer from extinction, there is no question and I’ve previously eulogized him accordingly, ‘pre-death’ (my first computer was an AppleIIc in 1986). Yet, for every story as his, the Beatles (my favorite band all-time, along with the Classical Greats), etc., I can relate a multitude of stories of tragedy, disaster, including one of a quite brilliant lad I worked with – summer job – who expounded on the benefits of LSD expanding one’s mind {repeatedly recommending I try it – I didn’t- never did} was accepted at Columbia Law School, and while hitchhiking while high in mind-expansion-mode walked into a mack truck thereby expanding his mind (and body) all over the roadway, etc..]

Home ownership: Biggest drop since Great Depression The percentage of Americans who owned their homes has seen its biggest decline since the Great Depression, according to the U.S. Census Bureau.

The impact of phony short-squeeze rallies — Ritholtz http://www.ritholtz.com/blog/2011/10/the-mmpact-of-phoney-short-squeezes

Stock investors may take days to distinguish real news from noise, according to Federal Reserve Bank of New York.

http://www.ritholtz.com/blog/wp-content/uploads/2011/10/1007chart.jpg

This is especially true these days, given false announcements of bailouts, Fed interventions and rescues. They tend to cause fake short squeezes that temporarily spike markets, only to see them ultimately head lower.

To get a closer look of noise on markets, the FFRBNY studied how UAL’s stock moved in September 2008. At the time, a “six-year-old report on the company’s bankruptcy filing appeared online and was treated as a new story.”

David Wilson of Bloomberg has the details:

“UAL, which later became United Continental Holdings Inc., plunged as much as 76 percent on Sept. 8, 2008, in response to the error. While UAL’s loss narrowed to 11 percent by the close of trading, the shares fell the next two days before rebounding.

“Residual effects attributable to the false news shock” lasted for seven trading days, the researchers wrote this week in a blog posting on the New York Fed’s website. The effect is at odds with the efficient-market hypothesis, which holds that share prices reflect all publicly available data on a company.

To identify the time period, they estimated where UAL’s shares would have traded if the outdated report hadn’t surfaced. The projection was derived from the performance of the Standard & Poor’s 500 Index, the Bloomberg World Airlines Index and crude oil during the period. The posting by economists Carlos Carvalho, Nicholas Klagge and Emanuel Moench was based on a report they published in May 2009 and revised in June. Carvalho, who teaches economics at the Pontifical Catholic University of Rio de Janeiro, worked at the New York Fed when the research was originally done. His two co- authors are still there.

Given every twitch of the market over tales of EU/ECB action, German banks bailing out Italy, or anything related to Greece, it is interesting to see how traders behave relative to false announcements.’

IMF to Propose New Short-Term Credit Lines Oct 7th, 2011 News (The Wall Street Journal) — The International Monetary Fund is crafting a proposal to offer new short-term credit lines to governments to prevent the spread of global financial crises, senior IMF and finance officials say.The program has the tentative backing of key world financial leaders who are expected to approve the new lending tool at the coming meetings of the Group of 20 industrialized and developing economies, according to three senior officials from G-20 countries. [source] PG View: Yes! Absolutely! More credit, more debt is the answer to the global debt crisis.

U.S. Bank Exposure to Europe Could Be $640 Billion, Per Congressional Paper Oct 7th, 2011 News (The Wall Street Journal) — U.S. bank exposure to the European debt crisis is estimated at $640 billion, nearly 5% of total U.S. banking assets, according to recent research papers written for Congress.While U.S. Treasury Secretary Timothy Geithner says the U.S. banking sector’s vulnerability to the euro zone problems is “very limited,” the Congressional Research Service estimate is one of the first public assessments provided by the U.S. government that quantifies the potential risks.According to two different reports provided to federal lawmakers last month, the debt problems of Greece, Ireland, Portugal, Italy, and Spain constitute a ”serious risk” to the European banking system, particularly German, French, and U.K. banks, which have close ties to U.S. banks. Markets believe there’s a very high likelihood Greece will default in the coming weeks. That could cause a cascade of other crises throughout Europe…The estimate doesn’t include U.S. bank exposure to European bank portfolios that include assets in the weak member countries. Also, it doesn’t account for euro-zone assets held by money market, pension, and insurance funds.[source]PG View: Geither’s sense of reality seems to have been distorted by all the absolutely huge numbers bandied about in recent years. Does he really view $640 bln is “very limited?” The Congressional Research Service goes on to say that, “depending on the exposure of non-bank financial institutions and exposure through secondary channels, U.S. exposure to Greece and other euro-zone countries could be considerably higher.” What exactly does “considerably higher” mean? Is it twice the $640 bln? More?

Fitch cuts Italy, Spain ratings, outlook negative Oct 7th, 2011 News (Reuters) source]

Is U.S. a Third-World Nation? Oct 7th, 2011 News (The Wall Street Journal) — [ YES! ]Author Michael Lewis says the U.S. and many European nations suffered a moral failure that led to economic collapse. PG View: Supposed first world countries — including the US — hid risk, which was consequently mispriced, leading to crisis.

World facing worst financial crisis in history, Bank of England Governor says Oct 7th, 2011 News (The Telegraph) — ..This is the most serious financial crisis we’ve seen, at least since the 1930s, if not ever. We’re having to deal with very unusual circumstances, but to act calmly to this and to do the right thing.” [source]

Banking Delusion Brings Crisis to Europe’s Core Oct 7th, 2011 News (Bloomberg-BusinessWeek) — Once upon a time, like this summer, Dexia SA, the French-Belgian bank, was stable. By the measures global regulators deem important, its capital ratio stood at 11.4 percent of risk-weighted assets, according to data compiled by Bloomberg. That’s well above the 10 percent regulators plan to require of the world’s largest banks under new international rules.What a difference a summer makes. The Belgian and French governments now have a complicated mess on their hands. Dexia, which had received a government bailout in 2008..[source]

Euro Plunges On Fitch Double Tap, Comments From MerkelDurden on 10/07/2011 - 12:31 Fail Fitch Portugal

‘Chinabot is in full fail mode, after a sticksave attempt to save the currency following the Italian downgrade by Fitch was monkeyhammered with the Spanish downgrade which was not only two notches, but sent the country's rating to below that of S&P and Moodys. Adding fuel to the fire is an errant comment from Merkel who has said that Eurobonds are "absolutely the wrong way to go", and lastly, a last minute notification from Fitch which goes for Trifecta by saying that Portugal remains on outlook negative..

And Spain... Fitch Downgrades Spain To Aa- From Aa+, Two Notch Cut, Outlook NegativeDurden on 10/07/2011 - 12:18 Baseline Scenario Budget Deficit default European Central Bank Fitch France Gross Domestic Product International Monetary Fund ratings recovery Unemployment Volatility

Fitch Downgrades Italy To A+, Outlook NegativeDurden on 10/07/2011 - 12:06 Budget Deficit default European Central Bank Eurozone Fitch France Greece Gross Domestic Product International Monetary Fund Ireland Italy Portugal ratings Sovereign Risk Sovereign Risk Volatility

As Dexia Nationalization Rumors Spread, A Compression Trade May Be In OrderDurden on 10/07/2011 - 12:03 Belgium CDS Flight to Safety France Gross Domestic Product International Monetary Fund Nationalization Reality .. Belgium itself blows up. ..

Market Snapshot: Dispersion Rising As EU Financials UnderperformDurden on 10/07/2011 - 11:47 Precious Metals Price Action ..why are we still rallying? ..

Hedge Fund Pound-O-Rama: Full Performance Update Through Month EndDurden on 10/07/2011 - 11:37

Well, a month end update only for those funds who still report their P&L to HSBC. Others, such as Paulson, apparently deem it below them to post an update when they are doing less than swell, shall we say. In other news, redemptions will continue until morale improves.

"Your Alpha Is Burning" - Fighting Greek Fire with Fire: Volatility, Correlation, and TruthDurden on 10/07/2011 - 10:59 Bear Market Brazil Central Banks default Equity Markets Federal Reserve Recession Sovereign Debt Switzerland Volatility

From the mind that brought you the Great Vega Short comes the next masterpiece on liquidity, volatility, contagion and everything else. "Volatility is change and the world is changing. The truth is that Greece will default. The truth is that if our leaders continue to deny our problems history tells us the US will eventually default. These shocking events will hurt many people, markets will collapse, life savings will be lost, there will be violence, upheaval, and massive political change ..

PrimeX - The Time For The Next "Subprime Trade" Has ComeDurden on 10/07/2011 - 10:31 ABX Prime Alt-A Barclays Black Swan Fitch fixed Housing Market Kyle Bass Markit Morgan Stanley Paolo Pellegrini Precious Metals ratings Real estate Reality recovery

Several years ago Paolo Pellegrini, Kyle Bass, Michael Burry and several other visionaries were well ahead of the conventional wisdom groupthink curve by not only sensing that the housing market was massively overvalued and riding on the crest of a huge leverage bubble .. the world is fretting about Europe, Morgan Stanley, lack of decisive political decision-making in a pseudo union of 17 different countries, lack of decisive monetary intervention, a Chinese hard landing and everything else that makes front pages these days, slowly our prediction is starting to come true. But you won't hear about it anywhere else, because if the market understands that in addition to a global solvency crisis, America has another Subprime contagion on its hands actually being expressed in the markets as we type, and potentially costing banks, pension funds and various asset managers billions in losses behind the scenes, that may well be the last straw.

Inventories Miss As Non-Durables Drops Most Since Sep09Durden on 10/07/2011 - 10:20 Wholesale Inventories

The headline wholesale inventories number missed +0.6% expectations, rising only 0.4% (from 0.8% prior) with its lowest build since Nov 2010. Under the covers though, non-durables were the most troublesome - unless of course the spin is that a falling inventory implies future growth as inventories 'have' to be rebuilt, right? Non-durables inventories dropped 0.6% - its biggest drop since Sep 2009.

US Needs To Generate 261,200 Jobs Per Month To Return To Pre-Depression Employment By End Of Obama Second TermDurden on 10/07/2011 - 09:27 HIGHER UNEMPLOYMENT Unemployment

Rounding Error, Short Squeeze, And Cost Of RecapDurden on 10/07/2011 - 09:21 AIG American International Group Bad Bank Bond CDS Creditors default Double Dip Price Action Reality Verizon

The rally has been strong across many products, but once again has all the signs of a short squeeze rally. ..

Average Duration Of Unemployment Rises To New All Time HighDurden on 10/07/2011 - 09:02 Unemployment

As noted previously, one key fly in the ointment in an otherwise better than expected jobs report (in which the participation rate also trended higher for a welcome change) was the manufacturing jobs data, which declined by 13,000. Perhaps at the end of the day this is the most important data point, since while declining government jobs at the end of the day is a good thing, government workers don't actually create anything of value for the economy. And as the chart below demonstrates, the long term trend is certainly not our friend. The second "fly", and the one that will certainly be used as a talking point by politicians, was the average unemployment duration. At 40.5 weeks, it just hit a new all time record.

Summarizing Wall Street's Reaction To The NFP DataDurden on 10/07/2011 - 08:58 Recession recovery Reuters Unemployment Verizon Yen

As usual, Reuters is the first with a compilation of Wall Street's gut reaction to the NFP data.

September NFP Prints At 103,000, Beats Consensus, Even As U-6 Comes At Highest Since December 2010, Manufacturing Jobs LostDurden on 10/07/2011 -

So much for the recession? September NFP prints at 103,000 on expectations of 60,000, with August revised to 57,000 from that roulette busting double zero. The unemployment rate held at 9.1 percent, as expected. From the report: "The increase in employment partially reflected the return to payrolls of about 45,000 telecommunications workers who had been on strike in August.. real unemployment, U6, printed up from 16.2% to 16.5%, the highest since December 2010.

Goldman Comes To Margin Stanley's "Defense" As It Is Now Actively Selling MS Calls, Buying Short Term CDSDurden on 10/07/2011 - 08:21 CDS

The bank that was selling Dexia shares to its clients all the way down (Goldman Cuts Dexia From Buy To Neutral On Imminent Restructuring And Winddown) and which has the uncanny ability to align its own trading desk with an event's "outcome", at the expense of clients of course, has just done it again. As of this morning it is actively selling Margin Stanley calls to whoever is still left as a client. From a just released report: "Buy calls for a likely relief rally on earnings; sell short-dated CDS as fear falls." Now... just who are these clients buying calls from and selling CDS to?’

6 Reasons a Global Recession is Unavoidable Ron DeLegge, October 5, 2011, ‘Most economists and Wall Street types are reluctant to publicly admit the global economy is in a recession. Their reams of conflicting data are sending mixed messages. But an honest look at key events and the behavior of financial markets solidifies the view that the global recession we're probably already in, is unavoidable. Let's analyze some of the reasons behind this.

1) The Fed is out of tricks. When it comes to manipulating financial markets in the name of economic security, nobody matches the Federal Reserve's prowess. Over the past few years, the Fed has engaged in financial gimmickry of such epic proportions that angry calls for ending its existence have been voiced from sea to shining sea. The Fed's Treasury purchases (POMO) and monetization of debt (quantitative easing), may have delayed the reckoning day, but have these programs really solved America's long-term problems? The Fed's latest shift from short-term to long-term debt (Operation Twist) is tantamount to taking money from your right hand pocket and putting it into your shirt pocket. The Fed is running out of time and out of tricks. Ben Bernanke has finally admitted what the general public has known all along; the job situation is a 'national crisis.'

2) Stock market says we're already in a recession.The National Bureau of Economic Research (NBER) and its leading economists still deny the U.S. economy is in a recession. Apparently, their slide rulers haven't yet confirmed it, so they need a few more quarters before issuing a press release. Meanwhile, the stock market, which is a leading indicator of economic activity, is screaming 'recession.' Large company stocks within the S&P 500 (NYSEArca: SPY - News) have fallen almost 18% since July. Bulls argue this is still shy of the 20% threshold that confirms a bear market, but even so, mid cap stocks (NYSEArca: MDY - News) and small caps (NYSEArca: IWM - News) have already entered bear territory. Today's stock prices reflect expectations about future earnings, which in turn are connected to the future state of the economy. Expectations are rightfully low.

3) Greece has set the tone for Europe (and maybe the rest of the world).How many financial targets will Greece continue to miss before forecasters stop regurgitating its false numbers? When will Greece stop embarrassing itself with financial projections it knows aren't true? Greece's 2011 deficit was projected to be 8.5% of its GDP but came in almost 1.69 billion above its original targets. Next year, Greece is aiming for a deficit that's 6.8% of GDP. With the country engulfed in civil protests, job strikes and general chaos - how realistic are its 2012 projections? Financial bets for Greece to succeed are a long-shot. The country's economic projections are no longer based upon realistic assumptions, but hopes for garnering more bailout money and calming hostile markets. Ultimately, Greece is merely a reflection of the entire EU region - a place where financial aspirations don't match reality.

4) Bear funds are leading performers.The two-year period from March 2009 to March 2011 was a difficult existence for bear market funds. After bottoming at decade lows, the stock market skyrocketed and bear funds got clobbered.  But not anymore. Bear funds are investments that, by design, increase in value when the underlying benchmarks they track decline. Now with the stock market swooning, bear funds are posting huge gains. Over the past three months, Direxion's 3x daily leveraged bear ETFs for large cap stocks (NYSEArca: BGZ - News) is ahead by 42.97%, mid cap stocks (NYSEArca: MWN - News) is up 58.30% and small caps (NYSEArca: TZA - News) is up by 49.76%. Reversing this ominous trend, especially when key technical levels have been pierced, won't be easy.

5) Major asset classes are in correlation.During a bear market, the correlation between asset classes typically jumps and this is exactly the case right now. Over the past few months, commodities (NYSEArca: GCC - News), global real estate stocks (NYSEArca: RWO - News), precious metals (NYSEArca: GLTR - News), international stocks (NYSEArca: EFA - News), and U.S. stocks (NYSEArca: SCHB - News) have all moved in the same general direction by recording sizable losses. Even gold (NYSEArca: IAU - News) and silver (NYSEArca: SLV - News), which previously escaped the wrath of losses, have joined the party. And only cash and bonds (NYSEArca: AGG - News) are bucking the correlation trend. 

6) Pace of sovereign downgrades is accelerating.We don't advocate putting implicit faith in credit ratings, because history has taught us they are nothing more than financial opinions and frequently, not very accurate ones. Still, a gander at the latest downgrading trend is troublesome. Intuitive observers will note, this is not an isolated phenomenon, but a global trend. Sovereign debt from Greece and Portugal, after several downgrades, is now rated junk. Ireland has been downgraded and Italy was just downgraded by Moody's to A2 with a negative outlook. Japan, along with U.S. debt was lowered in August and another wave of more downgrades is coming, so get used to it. 

Conclusion

Investing in an economically stifled climate requires patience, diligence, and forethought. Following the herd mentality guarantees nothing more than mediocrity and making kneejerk financial decisions is an excellent way to lose money. ETFguide's Profit Strategy ETF Newsletter continues to advocate a fiercely independent view of world events, financial markets, and the proper allocation of money. Ultimately, having an investment strategy that can perform during any kind of market is a good start. ‘

Consumer Spending Slumps In September, Index Showsat Forbes

U.S. stocks' massive "melt-up" fans investor fears Reuters October 5, 2011, By Edward Krudy NEW YORK (Reuters) - In less than one hour on Tuesday, the U.S. stock market surged by 4 percent -- for no apparent reason.The last hour of trading was the most volatile final hour in two months -- and it occurred at a speed that frightens many, from experienced hedge-fund managers to mom-and-pop investors.The late-day "melt-up" that pushed the S&P 500 index (^SPX - News) out of bear-market territory might be construed as good news. But it brings back echoes of the "flash crash" that saw markets dive by several hundred points in a matter of minutes, and it's a big reason many are staying away from the market."Everyone is scared in both ways -- the shorts are scared, the longs are scared, everyone is scared. The high-net-worth investor is very, very scared," said Stephen Solaka, managing partner at Belmont Capital Group in Los Angeles, which manages money for independent wealth advisers and family offices.Tuesday's move was the latest example of an erratic, high-octane stock market increasingly driven by levered exchange traded funds and complicated hedging and options strategies that unwind with dizzying speed.It's a far cry from when the U.S. stock market was viewed as a place for capital-raising by businesses seeking to expand and a place for investors looking to put their savings to work."It tends to result in some market participants feeling like the market is uninvestable. It's not good for mutual funds or hedge funds," said Michael Marrale, head of sales trading at RBC Capital Markets in New York.The ostensible reason for Tuesday's move was an article published late in the day on the Financial Times website quoting the EU's commissioner for economic affairs, Olli Rehn, saying a plan was being worked out to recapitalize the region's troubled banking sector.But Reuters reported similar comments earlier in the day, and Rehn's comments struck some people as covering old ground. Ken Polcari, a veteran of the NYSE floor at ICAP Equities, found the reasoning insufficient."There is no clarity -- 'no formal decision' -- just more speculation, more rumors, and more innuendo," he said of the FT article.

WHAT WENT DOWN

Traders, analysts and investors interviewed by Reuters cited a number of factors, many of them technical, and linked to big positions around the 1100 level on the S&P 500…

BLAST-OFF AT 1,100

The S&P climbed steadily between 3 p.m. and 3:30 p.m., but once it broke through 1,100, the gains accelerated, as the average rose 1 percent in the span between 3:39 p.m. and 3:45 p.m.

For Joe Donohue, money manager at Dimension Trading in Red Bank, New Jersey, the speed of the reversal was a classic sign of automated algorithmic trading.

"I didn't know the move was for real until about 3:40 to 3:45, when my machine just lit up green like a Christmas tree," he said. "That's when you know there's algo buying dictating the market. It certainly wasn't individual buyers."

Donohue's response was to close out short positions and buy a triple-leveraged long exchange traded fund that magnifies the performance of the Russell 2000 (Chicago Options:^RUT - News) three times.

The Direxion Daily Small Cap Bull 3X Shares (Pacific:TNA - News), which had its busiest day of trading in history on Tuesday, rocketed nearly 20 percent into the close. That ETF, along with the Proshares Ultrashort S&P 500 ETF (Pacific:SDS - News), another leveraged ETF, are now often among the top 25 traded issues on U.S. exchanges.

"Program trading and algorithmic trading was the cause," said Donohue. "We're seeing moves in a half hour that used to take weeks. Obviously we were very oversold technically before, and essentially we had a 'melt-up' that was helped by the algo trading that just went off buying."…’

Moody’s Cuts Italy’s Credit RatingWall St. Cheat Sheet

Who Will Recapitalize the Recapitalizers? [ Gutenberg of course! Well, just indirectly, historically speaking; the printing press, that is. The ‘recapitalizer’, brought back to life in the pervasively corrupt, defacto bankrupt america; bringing home once more that historic ‘Weimar dollar’, ubiquitously now worldwide. Sounds like a plan! Straight from planning / design room for the u.s.s. Titanic! ] The Wall Street Journal Paul Vigna “Recapitalizing” European banks (the preferred euphemism for bailout, apparently) in order to stabilize them in the face of “haircuts” on sovereign debt (the preferred euphemism for losses, obviously) through a facility like the EFSF risks a spiral that will make the bailouts more difficult to fund.Capital Economics economist John Higgins writes today that the bank recapitalization plan that has the market so excited is “unlikely to draw a line under the crisis.”A recapitalization would allow banks to withstand a bigger haircut on Greek debt. The trouble is that once Greece gets a bigger haircut, other sovereign borrowers will want one, too. That could get expensive in a hurry.The EFSF bailout fund could fill help weaker countries carry some of that burden, but that will get increasingly problematic.“The more the EFSF’s funds are used to recapitalize banks, the less it will have to provide official financing, or to intervene in the debt markets,” Mr. Higgins writes. “And the more the EFSF is expected to deploy its firepower in whatever capacity, the more investors will believe it will have to be leveraged, with the result that its own cost of borrowing could keep on rising.”

David Stockman: Blame The Fed! Sep 30th, 2011 News (ChrisMartenson.com) — ‘David Stockman, former US Representative and Director of the Office of Management and Budget under Reagan, does not mince words. He sees the monetary systems of the world coming apart.How did we get here? He identifies the root cause as the intentional over-leveraging of world economies by central planners in a misguided effort to enjoy growth without consequence…’

Gov't report: Fannie knew of 'robo-signing' in '03 - AP

After a Bad Q3, Markets Not Likely to Recover in Q4 Daryl Montgomery, October 3, 2011, ‘The third quarter of 2011 had the biggest drop and most volatility for stocks since 2009. The fourth quarter may not be much better since the cause of the problem is a new credit crisis and an emerging global recession. Both will continue to be a drag on the market.

Tomorrow's Tape: The Jean-Claude and Ben Show Wall Street JournalMark Gongloff ‘ Economics:

10:00 a.m. ET: August factory orders are due. Economists think they were little changed after a big gain in July. Then an asteroid hit the earth, eventually causing the extinction of the dinosaurs…’

Train Reading: That Explains Everythingat The Wall Street Journal 

China’s worsening credit crunch — Pragmatic Capitalism

The Occupy Wall Street protesters are winning — Josh Brown

The gap between economic data and sentiment — Abnormal Returns

Recession, restructuring and the ring fence — John Hussman

Marc Faber's October Outlook: Forget EU Debt Crisis, A China Meltdown Is The Real Threat http://www.bullfax.com/?q=node-marc-fabers-october-outlook-forget-eu-debt-crisis-china 10/03/2011 By Nathaniel Crawford:‘Marc Faber is out with the latest issue of his famous Gloom, Boom and Doom Report, which is always a must read for serious investors. Unlike most of the other talking heads, Faber has an excellent track record. He correctly predicted the top in the equity markets in Nov. 2007, and caught the bottom in March 2009, making his subscribers a lot of money. Here is a summary of his October 2011 report:Stocks--Yes, stocks are very oversold, but that does not mean they cannot go lower. The dreadful price action in both Copper and the Shanghai Composite points to new lows for the equity markets. After US stocks make a new low below 1100 on the S&P 500 (SPY), there could be a year-end rally followed by a more meaningful decline into 2012. Investors should use any bounce in stocks as an opportunity to reduce their equity exposure.’

WARNING: Corporate-Fascist Military Coup Brewing in the United States? Tony Cartalucci | Beware of pretenders supplied by the establishment to “save us” from collapsing system.

Prophets Of Doom: 12 Shocking Quotes From Insiders The Economic Collapse Oct 1, 2011 ‘We are getting so close to a financial collapse in Europe that you can almost hear the debt bubbles popping.  All across the western world, governments and major banks are rapidly becoming insolvent.  So far, the powers that be are keeping all of the balls in the air by throwing around lots of bailout money.  But now the political will for more bailouts is drying up and the number of troubled entities seems to grow by the day.  Right now the western world is facing a debt crisis that is absolutely unprecedented in world history.  Europe has had a tremendously difficult time just trying to keep Greece afloat, and several much larger European countries are now on the verge of a major financial crisis.  In addition, there is a growing number of very large financial institutions all over the western world that are also rapidly approaching a day of reckoning.  The global financial system is a sea or red ink, and when we get to the point where there are hundreds of ships going under how is it going to be possible to bail all of them out?  The quotes that you are about to read show that quite a few top financial and political insiders know that things cannot hold together much longer and that a horrific economic crisis is coming.  We built the global financial system on a foundation of debt, leverage and risk and now this house of cards that we have created is about to come tumbling down.

A lot of people in politics and in the financial world know what is about to happen.  Once in a while they will even be quite candid about it with the media.

As I have written about previously, Europe is on the verge of a financial collapse.  If things go really badly, things could totally fall apart in a few weeks.  But more likely it will be a few more months until the juggling act ends.

Right now, the banking system in Europe is coming apart at the seams.  Because the global financial system is so interconnected today, when major European banks start to fail it is going to have a cascading effect across the United States and Asia as well.

The financial crisis of 2008 plunged us into the deepest recession since the Great Depression.

The next financial crisis could potentially hit the world even harder.

The following are 12 shocking quotes from insiders that are warning about the horrific economic crisis that is almost here….

#1 George Soros: “Financial markets are driving the world towards another Great Depression with incalculable political consequences. The authorities, particularly in Europe, have lost control of the situation.”

#2 PIMCO CEO Mohammed El-Erian: “These are all signs of an institutional run on French banks. If it persists, the banks would have no choice but to delever their balance sheets in a very drastic and disorderly fashion. Retail depositors would get edgy and be tempted to follow trading and institutional clients through the exit doors. Europe would thus be thrown into a full-blown banking crisis that aggravates the sovereign debt trap, renders certain another economic recession, and significantly worsens the outlook for the global economy.”

#3 Attila Szalay-Berzeviczy, global head of securities services at UniCredit SpA (Italy’s largest bank): “The only remaining question is how many days the hopeless rearguard action of European governments and the European Central Bank can keep up Greece’s spirits.”

#4 Stefan Homburg, the head of Germany’s Institute for Public Finance: “The euro is nearing its ugly end. A collapse of monetary union now appears unavoidable.”

#5 EU Parliament Member Nigel Farage: “I think the worst in the financial system is yet to come, a possible cataclysm and if that happens the gold price could go (higher) to a number that we simply cannot, at this moment, even imagine.”

#6 Carl Weinberg, the chief economist at High Frequency Economics: “At this point, our base case is that Greece will default within weeks.”

#7 Goldman Sachs strategist Alan Brazil: “Solving a debt problem with more debt has not solved the underlying problem. In the US, Treasury debt growth financed the US consumer but has not had enough of an impact on job growth. Can the US continue to depreciate the world’s base currency?”

#8 International Labour Organization director general Juan Somavia recently stated that total unemployment could “increase by some 20m to a total of 40m in G20 countries” by the end of 2012.

#9 Deutsche Bank CEO Josef Ackerman: “It is an open secret that numerous European banks would not survive having to revalue sovereign debt held on the banking book at market levels.”

#10 Alastair Newton, a strategist for Nomura Securities in London: “We believe that we are just about to enter a critical period for the eurozone and that the threat of some sort of break-up between now and year-end is greater than it has been at any time since the start of the crisis”

#11 Ann Barnhardt, head of Barnhardt Capital Management, Inc.: “It’s over. There is no coming back from this. The only thing that can happen is a total and complete collapse of EVERYTHING we now know, and humanity starts from scratch. And if you think that this collapse is going to play out without one hell of a big hot war, you are sadly, sadly mistaken.”

#12 Lakshman Achuthan of ECRI: “When I call a recession…that means that process is starting to feed on itself, which means that you can yell and scream and you can write a big check, but it’s not going to stop.”

*****

In my opinion, the epicenter of the “next wave” of the financial collapse is going to be in Europe.  But that does not mean that the United States is going to be okay.  The reality is that the United States never recovered from the last recession and there are already a lot of signs that we are getting ready to enter another major recession.  A major financial collapse in Europe would just accelerate our plunge into a new economic crisis.

If you want to read something that will really freak you out, you should check out what Dr. Philippa Malmgren is saying.  Dr. Philippa Malmgren is the President and founder of Principalis Asset Management.  She is also a former member of the Bush economic team. You can find her bio right here.

Malmgren is claiming that Germany is seriously considering bringing back the Deutschmark.  In fact, she claims that Germany is very busy printing new currency up.  In a list of things that we could see happen over the next few months, she included the following….

“The Germans announce they are re-introducing the Deutschmark. They have already ordered the new currency and asked that the printers hurry up.”

This is quite a claim for someone to be making.  You would think that someone that used to work in the White House would not make such a claim unless it was based on something solid.

If Germany did decide to leave the euro, you would see an implosion of the euro that would be truly historic.

But as I have written about previously, it should not surprise anyone that theend of the euro is being talked about because the euro simply does not work.

The only way that the euro would have had a chance of working is if all of the governments using the euro would have kept debt levels very low.

Unfortunately, the financial systems of the western world are designed to push governments into high levels of debt.

The truth is that the euro was doomed from the very beginning.

Now we are approaching a day of reckoning.  We have been living in the greatest debt bubble in the history of the world, but the bubble is ending.  There are several ways that the powers that be could handle this, but all of them will lead to greater financial instability.

In the end, we will see that the debt-fueled prosperity that the western world has been enjoying for decades was just an illusion.

Debt is a very cruel master.  It will almost always bring more pain and suffering than you anticipated.

It is easy to get into debt, but it can be very difficult to get out of debt.

There is no way that the western world can unwind this debt spiral easily.

The only way that another massive economic crisis can be put off for even a little while would be for the powers that be to “kick the can down the road” a little farther by creating even more debt.

But in the end, you can never solve a debt problem with more debt.

The next several years are going to be an incredibly clear illustration of why debt is bad.

When the dominoes start to fall, we are going to witness a financial avalanche which is going to destroy the finances of millions of people.

You might want to try to get out of the way while you still can.’

IMF: World economy enters 'dangerous new phase' Christopher S. Rugaber, AP Economics Writer, On Tuesday September 20, 2011, WASHINGTON (AP) – ‘The world economy has entered a "dangerous new phase," according to the chief economist of the International Monetary Fund. As a result, the international lending organization has sharply downgraded its economic outlook for the United States and Europe through the end of next year.

The IMF expects the U.S. economy to grow just 1.5 percent this year and 1.8 percent in 2012. That's down from its June forecast of 2.5 percent in 2011 and 2.7 percent next year.

To achieve even that still-low level of growth, the U.S. economy would need to expand at a much faster rate in the second half of the year than its 0.7 percent annual pace in the first six months.

Most economists expect growth of between 1.5 percent and 2 percent in the final two quarters. Though an improvement, it wouldn't be enough to lower the unemployment rate. The rate has been 9 percent or higher in all but two months since the recession officially ended more than two years ago.

"The global economy has entered a dangerous new phase," said Olivier Blanchard, the IMF's chief economist. "The recovery has weakened considerably. Strong policies are needed to improve the outlook and reduce the risks."

The IMF has also lowered its outlook for the 17 countries that use the euro. It predicts 1.6 percent growth this year and 1.1 percent next year, down from its June projections of 2 percent and 1.7 percent, respectively.

The gloomier forecast for Europe is based on worries that euro nations won't be able to contain their debt crisis and keep it from destabilizing the region.

"Markets have clearly become more skeptical about the ability of many countries to stabilize their public debt," Blanchard said. "Fear of the unknown is high."

Overall, the IMF predicts global growth of 4 percent for both years. Stronger growth in China, India, Brazil and other developing countries should offset weaker output in the United States and Europe.

Financial turmoil and slow growth are feeding on each other in both the United States and Europe, IMF officials say. Europe's debt crisis is causing banks to reduce lending and hold onto cash. Sharp stock market drops in the United States over the summer have hurt consumer and business confidence and will likely reduce spending. That slows growth, which leads many investors to shift money out of stocks and into safer investments, such as Treasury bonds.

In Europe, slower growth will make it harder for stressed nations to get their debt under control.

U.S. and European policymakers must act more decisively to cut budget deficits, the IMF said.

European banks need to boost their capital buffers more quickly and beyond new minimum levels set to come into force in 2019, the IMF said.

European banks have seen their stocks slide sharply this summer on fears that their exposure to the government debt of shaky countries like Greece could result in big losses.

Having extra capital would bolster confidence in the banking sector and shield Europe's economy from the impact of jitters in financial markets.

The U.S. economy faces longer-lasting problems that go beyond high gas prices and disruptions caused by the Japan crisis, the IMF said.

Employers are adding few jobs and giving out meager pay raises. Many homeowners owe more on their mortgages than their homes are worth. Banks are keeping credit tight.

All those trends are holding back consumer spending. Unemployment is likely to average 9 percent next year, the IMF's report said, echoing a recent estimate by the Obama administration.

President Barack Obama's proposal to cut taxes and spend more on infrastructure should provide much-needed short-term stimulus, the IMF said. But it needs to be paired with a longer-term plan to reduce the deficit over, the report said. The timing of the budget cuts is key, Blanchard said.

Budget cuts "cannot be too fast or it will kill growth," Blanchard said in a statement. "It cannot be too slow or it will kill credibility."

President Obama on Monday proposed more than $3 trillion of tax increases and spending cuts over 10 years. His proposal will be considered by a congressional panel charged with finding $1.5 trillion in deficit reduction this year.

Both Obama's jobs proposal and the tax increases face stiff opposition from Republicans. They oppose any tax increases and have strongly criticized the president's plans.

The 187-member nation fund conducts economic analysis and lends money to countries in financial distress. It will hold its annual meetings with the World Bank later this week in Washington.

Associated Press Writer Gabriele Steinhauser contributed to this report from Brussels.’

Low Interest Rates: Perma-Expectations No More at Minyanville 

Wall St. Cheat Sheet: Italy Gets Axed, Netflix in Free Fall, Housing Starts Drop Wall St Cheat Sheet September 20, 2011, ‘The Dow Jones Industrial Average   and U.S. stocks are in the green after Wall Street suddenly got more confident Greece will get aid and Ben Bernanke will be forced to add more welfare, I mean stimulus, to the economy.Standard & Poor’s  cut Italy’s credit rating  late Monday by one level to A from A+, citing weak economic growth and criticizing Rome’s response to the debt crisis. Italian Prime Minister Silvio Berlusconi responded, saying that the move was influenced by “political considerations” and media stories rather than economic reality. While more  building permits  in the U.S. were authorized in August than in July,  housing starts and completions  both declined last month. 

A Fed IOER Cut Could Backfire on Banks, Warns Pimco at The Wall Street Journal

Low Interest Rates: Perma-Expectations No More at Minyanville Howard Simons Sep 20, 2011 ‘Regarding interest rates, one major difference between the US and Japan is that their perma-expectations started to disappear in a rising short-term rate environment; US rates have yet to rise. All of the recent news surrounding Steve Jobs’ departure from Apple prompted me to remark, “He has a strange opportunity to read his own obituary.” For the most part, he would have to be pleased at all of the genuine praise heaped on him.

This prompted me to wonder about what I would want on my tombstone other than, “He should’ve known better.” One candidate could be, “He used the word ‘swaption’ on a popular website and got away with it.” I did; most recently in a discussion of the Federal Reserve’s credibility to keep on doing the incredible, keeping interest rates near zero through 2013 (see Is FOMC's Pledge to Keep Short-Term Interest Rates Low Until 2013 Believable?).

Forward Rates When the Future Is Now

Can the swaption conclusion be confirmed by another indicator? Yes; let’s return to a thread last updated in December 2010 (see Is This the End of the Money-Printing Era?) on the relationship between the forward rates between six and nine months and the actual three-month rate as it arrives six months later. If the gap between expectation and reality is high, it means the market has been fooled again in its expectations that low short-term interest rates must be headed in one direction, higher. The opposite has been observed in practice, too; markets can incorrectly price in expectations for low short-term rates and get whacked upside the head by reality.

Where are we today? The expectations gap, marked with roseate columns, is shrinking, although it is still at levels unprecedented until the adoption of zero interest rate policies (ZIRP) in December 2008. This is the same thing as saying forward rates are in the process of declining to levels that will be matched by actual three-month rates six months from now. If you are keeping track of these months by counting on your fingers, we see you.

http://image.minyanville.com/assets/FCK_Jan2011/Image/JimE/Simongraph1.jpg

The chart above uses weekly data. Let’s go down to daily data for the period following the end of QE1. Two dates are marked, one when the debt ceiling debate in July was taking the ominous course toward default and one just after the August FOMC meeting. Both developments put the market on course toward accepting that low rates were going to be here for awhile; the intractable federal debt can be serviced only at low levels without doing something really, really stupid like cutting out-of-control spending.

http://image.minyanville.com/assets/FCK_Jan2011/Image/JimE/Simongraph2.jpg

Where To Now?

Japan has had a much longer experience with these low rates and one attempt, between November 2005 and July 2006, to start moving away from them. One major difference between the U.S. and Japan here is that their perma-expectations started to disappear in a rising short-term rate environment; our rates have yet to rise. Still, the Japanese attempt failed as the hint of higher interest rates caused yen carry trades to start unwinding around the world. Once low interest rates become embedded in an economy, they are very hard to increase without stress.

Despite the failures of QE1 and QE2 and the impending failure of whatever they announce next, the Federal Reserve has convinced itself they are doing something right. How would “They never learned from their mistakes” look on their tombstone?’

Is This the End of the Money-Printing Era? Howard Simons Dec 01, 2010 ‘If monetary stimulus ends and we start recognizing losses rather than trying to roll them forward, we can lay the foundation for a new era of prosperity. [Note the date and hence Simons’ wisdom! Yet, the postponement / delay has substantially impaired that ‘prosperity part’ going forward.]

‘Of all the negative human emotions, the feeling you have been had is one of the worst. We all have heard the adage, “Fool me once, shame on you; fool me twice, shame on me,” and if I had a nickel for every time I have heard “Won’t Get Fooled Again,” both former President Bush and I would have a lot of nickels.

Well, it is red-face time: Even though the Federal Reserve has been on a mission-from-wad since August 17, 2007, the date when they executed a premarket rate cut in the target federal funds rate, to 6.00%, and even though they had already executed QE1 and were three months away from hinting at QE2, they managed to drive short-term interest rates unexpectedly low by the end of July. This is after I wrote, Short-Term Interest Rates No Longer Unexpectedly Low in May.

Let’s update that piece in light of what I have to admit was, in technical terms, a pretty good stunt on their part. First, a review: If we take the forward rate of LIBOR between six and nine months (FR_6,9); that is, the rate at which we can lock in borrowing for three months starting six months from now, we have the market’s hedgeable measure of where rates will be. I cannot emphasize strongly enough that this is not an interest rate forecast, but a rate at which two parties can do business and presumably both make a profit given this locked-in rate. This can be compared to what the actual three-month rate was six months later.

That “expectations gap” is depicted in the roseate columns below. The December 2008 and March 2009 dates when the US first went to zero interest rates and quantitative easing, respectively, are marked with orange and violet vertical lines; both the July 30 and the last datum are highlighted with bright-red columns.

http://image.minyanville.com/assets/FCK_May2009/Image/LisaCatch%20September2010/plainsight.jpg

The chart above is done at a weekly frequency and is long-term to demonstrate how unusual the last two years have been in the ability of three-month rates to trade well below the market’s expectations from six months ago. Let’s shorten the time frame and move to a daily frequency.

http://image.minyanville.com/assets/FCK_May2009/Image/LisaCatch%20September2010/plainsight2.jpg

Two points are marked in black on this chart, one in mid-July when I identified the market’s demand for lower short-term interest rates and the August 27, 2010 date of Ben Bernanke’s Jackson Hole speech promising new asset highs if he could drive money to new lows.

The market took the bait, as we all know, and rallied strongly into the actual announcement of QE2 whereupon a large number of FOMC officials and foreign poo-bahs started wandering around like the somnambulant Lady Macbeth or Alec Guinness’ Colonel Nicholson in The Bridge on the River Kwai wondering, “What have I done?”

You counterfeited the US dollar to a fare-thee-well, that’s what you have done. Didn’t you think about this beforehand?

We have seen twice in the past two years how mainlining some high-grade monetary heroin can lead to higher returns for risky assets; this should be about as surprising as learning nitroglycerin can be noisy when handled improperly. Now that we are into QE2 and our friends in the European Monetary Union are about to reprise their May stunt of backstopping Greece by backstopping Ireland -- it will take them a long time to form a circle, sing kumbaya in their various languages and have each of the 16 members of the euro rescued in turn -- we have to wonder if we are at last at the end of the line for monetary stimulus. Methinks we are.

The implications are not as dire as they may sound. If the end of the printing-press era means we do what we should have started doing in 2007 -- recognizing losses rather than trying to roll them forward -- we can lay the foundation for a new era of prosperity. It would be the right thing to do.’

IMF Cuts Global Growth Outlook, Warns About U.S. Deficits, Euro Banks at Forbes ‘The International Monetary Fund dialed back its outlook for the global economy Tuesday, and now projects worldwide growth of 4% in 2011 and 2012, down from 5% in 2010.

Some slowdown was anticipated, but the IMF expected it to come from an unwind of the unprecedented stimulus efforts launched to counteract the financial crisis over the last three years.  Instead, “a barrage of economic shocks in 2011 combined with other factors for a worse than anticipated outcome.”

Chief economist Olivier Blanchard warned that “strong policies are urgently needed to improve the outlook and to reduce the risks,” and the IMF said the economy is in “a dangerous new phase” marked by weaker activity and a sharp decline in confidence.

Gallery: The IMF’s 2012 Growth Forecast

Tuesday’s report comes as the Federal Reserve begins a two-day meeting at which Chairman Ben Bernanke is likely to meet resistance if he pushes for further intervention along the lines of additional Treasury purchases, following an August meeting that saw three dissents from the central bank’s decision to target a 0% benchmark interest rate until mid-2013.

Meanwhile, European leaders are still trying to find a solution that will keep Greece from defaulting and keeping the debt crisis outside of core Europe. (See “Europe Needs A TARP.”)

One could be forgiven if it seems like pundits and policymakers are talking out of both sides of their mouth, urging further aid for scuffling economies while at the same time preaching that countries need to get religion on long-term debts.

Gallery: The IMF’s 2012 Growth Forecast

The IMF offered its view on the forceful actions that policymakers in developed economies should undertake:

• In the euro area, banks must be made stronger, not only to avoid deleveraging and maintain growth, but also, and more importantly, to reduce risks of vicious feedback loops between low growth, weak sovereigns, and weak banks. This requires additional capital buffers, from either private or public sources.

• The top priorities in the United States include devising a medium-term fiscal consolidation plan to put public debt on a sustainable path and to implement policies to sustain the recovery, including by easing the adjustment in the housing and labor markets. The new American Jobs Act would provide needed short-term support to the economy, but it must be flanked with a strong medium-term fiscal plan that raises revenues and contains the growth of entitlement spending.

• In Japan, the government should pursue more ambitious measures to deal with the very high level of public debt while attending to the immediate need for reconstruction and development in the areas hit by the earthquake and tsunami.

The updated forecast anticipates U.S. growth of just 1.5% in 2011 and 1.8% in 2012, with euro area growth of 1.6% this year falling to 1.1% next year. Emerging and developing economies will also grow slower than previously anticipated, but remain the workhorses of global growth, the IMF anticipates. China is expected to grow at a better than 9% clip this year and next, while Brazil is expected to maintain annual growth better than 3.5%.

Gold shot higher on the IMF’s sober growth outlook, adding $24.50 to $1,803.40 an ounce. U.S. stocks righted themselves after a choppy start, buy fell from their best levels of the day in the final hour of trade with the Dow Jones industrial average up 57 points to 11,458 and the S&P 500 2 points higher at 1,206. The Nasdaq slipped into the red, down 16 points, to 2,597.

Gallery: The IMF’s 2012 Growth Forecast

Financial stocks, a major drag on the market seemingly every time there is a negative headline out of Europe, sank as the broader market pulled back. Bank of America, JPMorgan Chase and Morgan Stanley surrendered earlier gains, while Wells Fargo and American Express held onto gains better than 1.75%.

http://blogs-images.forbes.com/steveschaefer/files/2011/09/IMF-Growth-Outlook.jpg ‘

Morning Snapshot Sep 20th, 2011 08:32 by News (USAGOLD) — ‘..The IMF slashed both global and US growth expectations this morning: The IMF now believes the global economy will grow just 4% this year and next, a negative revision from their June estimates of 4.3% for 2011 and 4.5% next year. IMF cut its US growth forecasts to 1.5% for this year, versus 2.5% previously and 1.8% for 2012, versus 2.7% previously. The IMF’s confirmation of growth risks intensifies expectations that the Fed will be forced to offer additional accommodations when the 2-day FOMC meeting concludes tomorrow.

• US housing starts -5.0% to 571k pace in Aug, well below market expectations of 593k, vs negative revised 601k in Jul.
• Canada leading indicator flat in Aug, above market expectations of -0.1%, vs +0.1% in Jul.
• Canada wholesale trade +0.8% in Jul, just above expectations, vs flat in Jun.
• Switzerland trade balance CHF0.8 bln in Aug, vs 2.825 bln in Jul.
• Sweden GDP – Final (sa) revised down to 0.9% in Q2, just below market expectations, vs 1.0% previously.
• Italy industrial orders (sa) +1.8% m/m in Jul, vs 4.1% in Jun; 6.5% y/y.
• Germany PPI -0.3% m/m in Aug, below market expectations of 0.2%, vs 0.7% in Jul; 5.5% y/y.
• Germany ZEW economic sentiment falls to -43.3 in Sep, below market expectations, vs -37.6 in Jul; Current situation drops to 43.6 from 53.5.
• Japan leading index (revised) 2.6 m/m in Jul, vs 2.7 previously.’

Eurozone debt crisis threatens banks, rest of world: IMF Economic Times | The eurozone’s debt mountain poses a threat to the world economy.

America’s debt woe is worse than Greece’s Sep 21st, 2011 News (CNN) — Our government is utterly broke. There are signs everywhere one looks. Social Security can no longer afford to send us our annual benefit statements. The House can no longer afford its congressional pages. The Pentagon can no longer afford the pension and health care benefits of retired service members. NASA is no longer planning a manned mission to Mars. We’re broke for a reason. We’ve spent six decades accumulating a huge official debt (U.S. Treasury bills and bonds) and vastly larger unofficial debts to pay for Social Security, Medicare, and Medicaid benefits to today’s and tomorrow’s 100 million-plus retirees. The government’s total indebtedness — its fiscal gap — now stands at $211 trillion, by my arithmetic. [source]

$16 muffins, $8 coffee served in Justice audit

Holders of Sovereign Debt Sep 21st, 2011 News by Global Macro Monitor (CreditWritedowns.com) — Here’s a great chart just released by the International Monetary Fund. Note that almost half — 47 percent – of the US$14.7 trillion U.S. federal government debt is held by the Federal Reserve and the government itself, such as the Social Security trust fund. Add to that the 22 percent foreign official holdings (mainly central banks) and almost 70 percent of the debt of the U.S. government is held by non-market/non-profit oriented investors. Stunning! [source]
http://www.albertpeia.com/holders-of-sovereign-debt.jpg
PG View: I would argue that “non-market/non-profit oriented investors” own the vast majority of government debt, because the risk/reward ratios have been so grossly distorted by government and central bank interventions that real investors have no interest is such assets. And it sure looks like official efforts to continue mispricing risk are going to continue.

PIIGS Lifeline Rallies Stocks -- For Now Quentin Fottrell { Greecy italy, ‘shitty italy’, says Bersusconi! How ‘bout a new name … ‘ShItaly’ [ just first page of google search ‘berlusconi, shitty italy’ About 231,000 results (0.15 seconds) ]: Berlusconi vows to leave 'shitty' Italy in conversation recorded by ...www.guardian.co.uk/world/2011/.../berlusconi-vows-leave-shitty-italy...

U.S. Household Worth Declines by $149 Billion Sep 16th, 2011 14:32 by News (Bloomberg) — ‘ Household wealth in the U.S. dropped in the second quarter for the first time in a year, hurt by falling share prices and declining home values.Net worth for households and non-profit groups decreased by $149 billion, a 1 percent drop at an annual pace, to $58.5 trillion, the Federal Reserve said today in its flow of funds report from Washington. It rose at a 7.4 percent rate in the previous three months. Housing wealth decreased for a fourth consecutive quarter from April to June. [source]

US taxpayers could be on hook for Europe bailout Sep 16th, 2011 13:01 by News (MSNBC) — The U.S. is coming to Europe’s financial rescue.So far, America’s role is fairly limited. But if the crisis continues to grow and the U.S. takes on a wider role, U.S. consumers and taxpayers could feel a bigger impact. The biggest exposure could come from America’s status as the single largest source of money for the International Monetary Fund.The latest round of American financial assistance came Thursday with a promise by the Federal Reserve to swap as many dollars for euros as European bankers need. In the short run, those transactions won’t have much impact because the central banks are simply swapping currencies of equal value. If the move helps avert a wider crisis, it could help spare the global economy from another recession.But over the long term, consumers could feel the impact of central bankers flooding the financial system with cash, according to John Ryding, chief economist at RDQ Economics.[source]

A Band-Aid for a cancer patient Sep 16th, 2011 12:48 by News (papermoneycollapse.com) — This was another hectic week for financial markets, and nerves were calmed somewhat over the past 24 hours with another liquidity injection from the central banks – this time the provision of dollars from the U.S. Fed channelled through a few other central banks, most importantly the ECB. This is certainly not a solution but again the doctoring of symptoms. Pumping ever more fiat money into the system to avoid – or rather postpone – a much needed recalibration will not solve the underlying malaise. Four years into the crisis the banks still need emergency funding. That is a damning indictment that financial structures are far from sustainable.…A default of Greece now appears very likely. This is a positive development. Positive as it points toward shrinkage – toward smaller debt, toward a smaller Greek state, toward an important lesson for banks: Don’t think that lending to the state is without risk!…The biggest risk to the euro is not a Greek default but the markets waking up to the bleak long-term outlook for the solvency of the core, Germany and France.…Thus, we will get some liquidation (Greek debt) but also some re-liquefying (big banks). It will not be the end of the euro – but not the end of the financial crisis either.[source]

PG View: I concur with this assessment. The contingency plan to protect the German banks is presumably in place. Liquidity lines have been established. Payment of the next bailout tranche for Greece has been forestalled until October. Seems like Greece is about to get pitched under the bus…

Consumer Hope for Future Hits Lowest Level Since 1980 Sep 16th, 2011 10:52 by News (CNBC). [source]

China to ‘liquidate’ US Treasuries, not dollars Sep 16th, 2011 10:21 by News By Ambrose Evans-Pritchard (The Telegraph) — The debt markets have been warned.A key rate setter-for China’s central bank let slip – or was it a slip? – that Beijing aims to run down its portfolio of US debt as soon as safely possible.“The incremental parts of our of our foreign reserve holdings should be invested in physical assets,” said Li Daokui at the World Economic Forum in the very rainy city of Dalian – former Port Arthur from Russian colonial days.“We would like to buy stakes in Boeing, Intel, and Apple, and maybe we should invest in these types of companies in a proactive way.”“Once the US Treasury market stabilizes we can liquidate more of our holdings of Treasuries,” he said.[source]

PG View: Out of US Treasuries and into more “physical assets.” Physical assets like gold perhaps?

Europe Ministers Rule Out Stimulus, Offer No Bank Aid Sep 16th, 2011 09:49 by News (Bloomberg) — ..

PG View: Basically, another meeting with no substantive moves to alter the course that Europe is on. There will be no fiscal stimulus. We’re going to defer any decision on Greece until next month, when the country will be once again on the precipice of default.

The Fed’s shadow TARP News by Sen. Jim DeMint August 31 (Politico) — ‘In the run-up to the financial crisis, the Federal Reserve fueled the housing bubble with its easy money policy. Now, we know that after the crisis struck, the Fed secretly propped up elite bankers all the way from Wall Street to Brussels to the Central Bank of Libya.A Bloomberg news investigation found that while the Treasury Department was pumping $700 billion into banks under the Troubled Asset Relief Program, the Fed was covertly operating its own bailout program – the biggest in American history. The Fed’s Shadow TARP issued $1.2 trillion in loans to domestic and foreign banks from 2007 to 2010, far more than Congress authorized Treasury to spend under TARP.…Congress eventually approved a partial audit that showed the Fed extended an incredible $16 trillion – more than the entire U.S. economy – in aggregate lending authority to foreign and domestic banks from the end of 2007 to the middle of 2010…After the second round of quantitative easing was announced, Chinese Vice Finance Minister Zhu Guangyao said America “does not recognize, as a country that issues one of the world’s major reserve currencies, its obligation to stabilize capital markets.”German Finance Minister Wolfgang Schaeuble was more blunt, calling the Fed “clueless.” [source]’

Global Recession Likely, Depression Possible: Economist Aug 31st, 2011 by News (CNBC) — ‘Global recession in 2012 is “65 to 75 percent certain” and could deteriorate into a lengthy depression, Roger Nightingale, economist and strategist at RDN Associates, told CNBC.The peak rate of growth for the world’s economy occurred more than 12 months ago and “it carries on going down,” Nightingale said. “We are probably going into negative territory around spring of next year; it is not for certain, but that is the most likely scenario. I would say the recession is 65 percent, 75 percent certain.”The economist warned that should recession kick in, the global economy might be too weak to generate any GDP growth for years, or even decades.’

Morning Snapshot News August 31 (USAGOLD) — ‘Gold is modestly lower this morning, but still generally well bid amid rising expectations that the Fed is preparing to ease once again. The St. Louis Fed’s Bullard was hinted in the Japanese press that the Fed may indeed embark on QE3, depending on upcoming data. Bullard added a caveat, saying that it should be confirmed that inflation has eased first. These comments come on the heals of very dovish Fedspeak by Chicago Fed’s Evans on Tuesday.

Today’s weaker that expected ADP employment index may further temper expectations for Friday’s August nonfarm payrolls report. Consensus is running around +93k, following the +117k print for Jul. The unemployment rate is expected to remain unchanged at 9.1%.

• US ADP employment index rose 91k in Aug, below market expectations of 100k, vs negative revised 109k in Jul.
• Canada Q2 GDP -0.4%, below market expectations of +0.1%, vs +3.6% in Q1. GDP +0.2% in Jun, vs -0.3% in May.
• UK GfK consumer confidence fell to -31 in Aug, above market expectations of -33, vs -30 in Jul.
• Italy CPI – EU Harmonized (prelim) rose to 2.2% y/y in Aug; +0.3% m/m.
• Italy PPI rose to 4.7% y/y in Jul, vs 4.3% in Jun; +0.3% m/m.
• German retail sales unch m/m in Jul, better than market expectations of -2.0%, vs big downward revision to 4.5% in Jun; -1.6% y/y.
• German unemployment rate unchanged at 7.0% (sa) in Aug, in-line with expectations.
• Eurozone unemployment rate unchanged in Jul at 10.0%, above market expectations, vs upward revised 10.0% in Jun.
• South Korea industrial production +3.8% y/y in Jul, vs 6.5% in Jun.
• Japan industrial production (prelim) +0.6% m/m (sa) in Jul, well below market expectations, vs 3.8% in Jun.
• Japan Markit/JMMA PMI falls to 51.9 in Aug, vs 52.1 in Jul.
• Japan construction orders +5.7% y/y in Jul, vs +6.0% in Jun.

25 Signs That The Financial World Is About To Hit The Big Red Panic Button The Economic Collapse | Most of the worst financial panics in history have happened in the fall.  Wednesday, August 31, 2011

Most of the worst financial panics in history have happened in the fall.  Just recall what happened in 1929, 1987 and 2008.  Well, September 2011 is about to begin and there are all kinds of signs that the financial world is about to hit the big red panic button.  Wave after wave of bad economic news has come out of the United States recently, and Europe is embroiled in an absolutely unprecedented debt crisis.  At this point there is a very real possibility that the euro may not even survive.  So what is causing all of this?  Well, over the last couple of decades a gigantic debt bubble has fueled a tremendous amount of “fake prosperity” in the western world.  But for a debt bubble to keep going, the total amount of debt has to keep expanding at an ever increasing pace.  Unfortunately for the global economy, sources of credit are starting to dry up.  That is why you hear terms like “credit crisis” and “credit crunch” thrown around so much these days.  Without enough credit to feed the monster, the debt bubble is going to burst.  At this point, virtually the entire global economy runs on credit, so when this debt bubble bursts things could get really, really messy.

Nations and financial institutions would never get into debt trouble if they could always borrow as much money as they wanted at extremely low interest rates.  But what has happened is that lending sources are balking at continuing to lend cheap money to nations and financial institutions that are already up to their eyeballs in debt.

For example, the yield on 2 year Greek bonds is now over 40 percent.  Investors don’t trust the Greek government and they are demanding a huge return in order to lend them more money.

Throughout the financial world right now there is a lot of fear.  Lending conditions have gotten very tight.  Financial institutions are not eager to lend money to each other or to anyone else.  This “credit crunch” is going to slow down the economy.  Just remember what happened back in 2008.  When easy credit stops flowing, the dominoes can start falling very quickly.

Sadly, this is a cycle that can feed into itself.  When credit is tight, the economy slows down and more businesses fail.  That causes financial institutions to want to tighten up things even more in order to avoid the “bad credit risks”.  Less economic activity means less tax revenue for governments.  Less tax revenue means larger budget deficits and increased borrowing by governments.    But when government debt gets really high that can cause huge economic problems like we are witnessing in Greece right now.  The cycle of tighter credit and a slowing economy can go on and on and on.

I spend a lot of time talking about problems with the U.S. economy, but the truth is that the rest of the world is dealing with massive problems as well right now.  As bad as things are in the U.S., the reality is that Europe looks like it may be “ground zero” for the next great financial crisis.

At this point the EU essentially has three choices.  It can choose much deeper economic integration (which would mean a huge loss of sovereignty), it can choose to keep the status quo going for as long as possible by providing the PIIGS with gigantic bailouts, or it can choose to end of the euro and return to individual national currencies.

Any of those choices would be very messy.  At this point there is not much political will for much deeper economic integration, so the last two alternatives appear increasingly likely.

In any event, global financial markets are paralyzed by fear right now.  Nobody knows what is going to happen next, but many now fear that whatever does come next will not be good.

The following are 25 signs that the financial world is about to hit the big red panic button….

#1 According to a new study just released by Merrill Lynch, the U.S. economy has an 80% chance of going into another recession.

#2 Will Bank of America be the next Lehman Brothers?  Shares of Bank of America have fallen more than 40% over the past couple of months.  Even though Warren Buffet recently stepped in with 5 billion dollars, the reality is that the problems for Bank of America are far from over.  In fact, one analyst is projecting that Bank of America is going to need to raise 40 or 50 billion dollars in new capital.

#3 European bank stocks have gotten absolutely hammered in recent weeks.

#4 So far, major international banks have announced layoffs of more than 60,000 workers, and more layoff announcements are expected this fall.  A recent article in the New York Times detailed some of the carnage….

A new wave of layoffs is emblematic of this shift as nearly every major bank undertakes a cost-cutting initiative, some with names like Project Compass. UBS has announced 3,500 layoffs, 5 percent of its staff, and Citigroup is quietly cutting dozens of traders. Bank of America could cut as many as 10,000 jobs, or 3.5 percent of its work force. ABN Amro, Barclays, Bank of New York Mellon, Credit Suisse, Goldman Sachs, HSBC, Lloyds, State Street and Wells Fargo have in recent months all announced plans to cut jobs — tens of thousands all told.

#5 Credit markets are really drying up.  Do you remember what happened in 2008 when that happened?  Many are now warning that we are getting very close to a repeat of that.

#6 The Conference Board has announced that the U.S. Consumer Confidence Index fell from 59.2 in July to 44.5 in August.  That is the lowest reading that we have seen since the last recession ended.

#7 The University of Michigan Consumer Sentiment Index has fallen by almost 20 points over the last three months.  This index is now the lowest it has beenin 30 years.

#8 The Philadelphia Fed’s latest survey of regional manufacturing activity was absolutely nightmarish….

The survey’s broadest measure of manufacturing conditions, the diffusion index of current activity, decreased from a slightly positive reading of 3.2 in July to -30.7 in August. The index is now at its lowest level since March 2009

#9 According to Bloomberg, since World War II almost every time that the year over year change in real GDP has fallen below 2% the U.S. economy has fallen into a recession….

Since 1948, every time the four-quarter change has fallen below 2 percent, the economy has entered a recession. It’s hard to argue against an indicator with such a long history of accuracy.

#10 Economic sentiment is falling in Europe as well.  The following is from a recent Reuters article….

A monthly European Commission survey showed economic sentiment in the 17 countries using the euro, a good indication of future economic activity, fell to 98.3 in August from a revised 103 in July with optimism declining in all sectors.

#11 The yield on 2 year Greek bonds is now an astronomical 42.47%.

#12 As I wrote about recently, the European Central Bank has stepped into the marketplace and is buying up huge amounts of sovereign debt from troubled nations such as Greece, Portugal, Spain and Italy.  As a result, the ECB is alsomassively overleveraged at this point.

#13 Most of the major banks in Europe are also leveraged to the hilt and have tremendous exposure to European sovereign debt.

#14 Political wrangling in Europe is threatening to unravel the Greek bailout package.  In a recent article, Satyajit Das described what has been going on behind the scenes in the EU….

The sticking point is a demand for collateral for the second bailout package. Finland demanded and got Euro 500 million in cash as security against their Euro 1,400 million share of the second bailout package. Hearing of the ill-advised side deal between Greece and Finland, Austria, the Netherlands and Slovakia also are now demanding collateral, arguing that their banks were less exposed to Greece than their counterparts in Germany and France entitling them to special treatment. At least, one German parliamentarian has also asked the logical question, why Germany is not receiving similar collateral.

#15 German Chancellor Angela Merkel is trying to hold the Greek bailout deal together, but a wave of anti-bailout “hysteria” is sweeping Germany, and nowaccording to Ambrose Evans-Pritchard it looks like Merkel may not have enough votes to approve the latest bailout package….

German media reported that the latest tally of votes in the Bundestag shows that 23 members from Mrs Merkel’s own coalition plan to vote against the package, including twelve of the 44 members of Bavaria’s Social Christians (CSU). This may force the Chancellor to rely on opposition votes, risking a government collapse.

#16 Polish finance minister Jacek Rostowski is warning that the status quo in Europe will lead to “collapse“.  According to Rostowski, if the EU does not choose the path of much deeper economic integration the eurozone simply is not going to survive much longer….

“The choice is: much deeper macroeconomic integration in the eurozone or its collapse. There is no third way.”

#17 German voters are against the introduction of “Eurobonds” by about a 5 to 1 margin, so deeper economic integration in Europe does not look real promising at this point.

#18 If something goes wrong with the Greek bailout, Greece is financially doomed.  Just consider the following excerpt from a recent article by Puru Saxena….

In Greece, government debt now represents almost 160% of GDP and the average yield on Greek debt is around 15%. Thus, if Greece’s debt is rolled over without restructuring, its interest costs alone will amount to approximately 24% of GDP. In other words, if debt pardoning does not occur, nearly a quarter of Greece’s economic output will be gobbled up by interest repayments!

#19 The global banking system has a total of 2 trillion dollars of exposure to Greek, Irish, Portuguese, Spanish and Italian debt.  Considering how much the global banking system is leveraged, this amount of exposure could end up wiping out a lot of major financial institutions.

#20 The head of the IMF, Christine Largarde, recently warned that European banks are in need of “urgent recapitalization“.

#21 Once the European crisis unravels, things could move very rapidly downhill.  In a recent article, John Mauldin put it this way….

It is only a matter of time until Europe has a true crisis, which will happen faster – BANG! – than any of us can now imagine. Think Lehman on steroids. The U.S. gave Europe our subprime woes. Europe gets to repay the favor with an even more severe banking crisis that, given that the U.S. is at best at stall speed, will tip us into a long and serious recession. Stay tuned.

#22 The U.S. housing market is still a complete and total mess.  According to a recently released report, U.S. home prices fell 5.9% in the second quarter compared to a year earlier.  That was the biggest decline that we have seen since 2009.  But even with lower prices very few people are buying.  According to the National Association of Realtors, sales of previously owned homesdropped 3.5 percent during July.  That was the third decline in the last four months.  Sales of previously owned homes are even lagging behind last year’s pathetic pace.

#23 According to John Lohman, the decline in U.S. economic data over the past three months has been absolutely unprecedented.

#24 Morgan Stanley now says that the U.S. and Europe are “hovering dangerously close to a recession” and that there is a good chance we could enter one at some point in the next 6 to 12 months.

#25 Minneapolis Fed President Narayana Kocherlakota says that he is so alarmed about the state of the economy that he may drop his opposition to more monetary easing.  Could more quantitative easing by the Federal Reserve soon be on the way? …’

If We Punished Executives the Way China Does, We Wouldn't Have Any Left Minyanville Justin Rohrlich [ I think we should consider this approach, starting with the frauds on wall street, which of course in the sense of ‘all roads lead to’, will unearth other criminals deserving of such treatment since their corruption has had ‘life/death’ effects on the general populace through no fault of their own!] ‘Here in the United States, we've certainly gotten far more than we ever bargained for when it comes to corruption in the collective C-suite.

A few have been punished. Many have not. In China, though, they kill their Dennis Kozlowskis.

Yesterday, Li Hua, former chairman and general manager of the Sichuan division of China Mobile (CHL), was sentenced to death for accepting more than $2.5 million in bribes.

The Intermediate People’s Court in the southwestern city of Panzhihua handed down the verdict with a two-year reprieve, meaning if Li behaves himself, he could skate with a mere slap on the wrist -- life in prison.

The New York Times points out that the "same type of sentence was handed down last month for one of the company’s other former executives, Zhang Chunjiang, who once served as vice chairman of China Mobile,” which also included “the confiscation of his personal assets and the removal of his political rights.”

He was convicted of accepting more than $1.15 million in bribes while working at a series of state-run telecom companies from 1994 to 2009. At least six other executives from China Mobile are under investigation in corruption cases. (It may be worth noting that last week, China Mobile revealed that it “met several times with Steve Jobs to talk about Apple (AAPL) making an iPhone that would support its proprietary 3G standard." Currently, China Unicom (CHU) is the only carrier in China offering the device. )

When Chen Tonghai, former chairman of Sinopec (SNP), was sentenced to death for bribery in 2009, he was also granted a two-year reprieve after confessing to his crimes. According to state-run news service Xinhua, the court cut Chen a break of sorts, stating that for "crimes involving 'extremely large sums of money,' the suspects should be sentenced to death, but 'if they confess or contribute to the handling of relevant cases, they should not get an immediate death penalty in principle.'"

"Chen Tonghai's sentence is a result of people's court's criminal policies and reflects both severe punishment of corruption and the policy of tempering justice with mercy," Xinhua said.

But, Chinese justice lacks a particularly even hand. State-run news service Xinhua explains why certain executions are performed more hastily than others:

Corrupt officials, such as former vice-chairman of the Standing Committee of the National People's Congress Cheng Kejie who was executed in September 2000, former vice governor of Anhui Province Wang Huaizhong who was given a lethal injection in February 2004, and former food and drug administration head Zheng Xiaoyu, executed in July 2007, got immediate death sentences because they "refused to plead guilty" and their bribe-taking "caused extremely serious social impact.”

This spring, China revised the law, when authorities deemed 13 non-violent economic offenses to no longer be executable crimes, though Amnesty International called it "legal housekeeping," as the infractions were “all… seldom if ever punished by execution” to begin with.

Andrew Yang of the Laogai Research Foundation -- established in 1992 by Harry Wu, a democracy activist and survivor of the laogai, China’s system of forced-labor prison camps -- provided us with a translation of the official list (which just so happens not to include bribery):

Smuggling of antiques or cultural relics

Smuggling of precious metals

Smuggling of rare animals or products

Smuggling of ordinary goods or objects

Fraudulent activities with financial bills

Fraudulent activities involving letters of credit

Forged value-added tax invoices

False issuance of value-added tax invoices

The teaching of criminal methods

Theft of ancient human remains or fossils of vertebrates

And finally, simple “theft.”

However, the Chinese leadership doesn’t rely solely on the legal system to control the business community at large.

From Russell Lee Moses, writing for the Wall Street Journal’s China Real Time Report:

After weeks of taking jabs to the chin from an angry microblogging public, leading forces in the [Chinese Communist] Party have decided to punch back. Politburo member Liu Qi visited the Beijing offices of Sina.com’s (SINA) popular microblogging service Weibo earlier this week and impressed upon the staff there the need for “the Internet’s healthy development”—code words for staying away from topics which attack the rule of the Communist Party or hold officials up for public ridicule.

[…]

Liu’s strong-arm visit follows a series of admonitions in the Party media, warning journalists to get back into the government fold and to play the role of conveying to a skeptical society that cadres care.
The hardline view, expressed in a recent article posted in the “People’s Forum” run by the official People’s Daily, is that microblogging is best confronted, not by embracing it as a way for the public to supervise the Party, but by the Party’s “use [of] the mass media to tell the truth.”

By all accounts, corruption is so thoroughly ingrained in the operating culture of Chinese officialdom, the roles in this situation seem to be comically reversed.

“There is really no way to control the corruption among Chinese officials,” Yang told me in a telephone interview. “If bribery was not punishable by death, corrupt officials would be even bolder in grabbing the public’s wealth. And without a free press, the behavior of officials cannot be monitored, so corruption simply runs wild.”

James H. Zimmerman, Jr., Amnesty International's Country Specialist for China, says the execution of government officials for bribery “is fairly common.”

In an email message, Zimmerman pointed out that “most have been politically isolated, so they have no one coming to their defense.”

The majority of China’s citizenry certainly isn’t.

As explained by Teng Biao of China’s Economic Observer (and translated by Worldcrunch.com), “China is the global leader for the number of corrupt officials who are sentenced to death, and actually executed each year. But, judging by the seemingly endless ‘public demand’ for this kind of punishment and the surging popular anger, it would seem that there is actually not enough of it.”

And Joshua Rosenzweig, former senior researcher at the Di Hua Foundation, a human rights organization based in San Francisco and Hong Kong, told the Washington Post that “there still is a very strong sense that corrupt officials must die among the Chinese population at large. The revulsion for that offense is so strong that there would be a potential political cost to eliminating the death penalty for corruption."

Not altogether surprisingly, the specter of death doesn’t necessarily act as a deterrent.

In 2009, a six-year old schoolgirl in southern China was asked by a television reporter what she wanted to become when she grew up.

"When I grow up I want to be an official," she replied.

"What kind of official?" asked the interviewer.

"A corrupt official because corrupt officials have a lot of things," she said.’

BofA Warns Upcoming “Desperate Measures” By Authorities Will Result In Another 2008 Market Collapse Zero Hedge |

New national debt data: $4.247 Trillion in 945 days L.A. Times

Home sales approach worst point in half a century Bloomberg

Bloomberg reveals massive corruption in the private Federal Reserve Madison Ruppert

In Baltimore, homes for $10,000 — and less Baltimore Sun | Housing prices continue to fall through much of the region.

Social Security disability on verge of insolvency

MKM Bracing For SPY To Drop 8% More; Nasdaq Nearing August Lows at Barrons.com Murray Coleman ‘Stocks continue to slump today, reeling from a raft of ugly data and growing concerns about European sovereign debt. But how far lower can ETFs tracking key benchmarks slide? MKM Partners’ technical analyst Katie Stockton sees a range around $110 a share for the SPDR S&P 500 ETF (SPY) as the next level of support. That would represent about a 3-4% drop from current levels. SPY most recently was trading down 4.6% at $114.09 a share. “I do expect that level ($110) to be re-tested in coming weeks,” Stockton said in an interview, noting that level had been tested early last week and held. The problem is that her indicators show that blue chip U.S. stocks still could have a ways to go. “The market doesn’t appear oversold at this point, so the market looks like it could go lower,” Stockton said. Perhaps the most important level for SPY is the February 2010 low of $105 a share, roughly 8% below current levels. “That level hasn’t been broken on a decisive basis yet,” Stockton noted. “That’s the number we’re really keeping a close eye on after what’s taken place today.” Meanwhile, the tech-heavy Nasdaq’s near-term backdrop looks just as volatile, notes Michael Ashbaugh in his Technical Trader investment letter. With Thursday’s downturn, the benchmark has knifed straight through initial support at 2,493 placing it back within August-crash territory. In the near-term, the veteran technician expects to see modest support at around 2,357 — its August closing low. That’s around 0.6% from where the index’s trading at now.’

Stocks Plunge, Gold Surges on Global Concern Aug 18th, 2011 14:30 by News (Bloomberg) — ‘Stocks plunged while Treasuries rallied, pushing yields to record lows, amid growing signs the economy is slowing and speculation that European banks lack sufficient capital. Gold climbed to a record, while oil led commodities lower. The Standard & Poor’s 500 Index tumbled 4.5 percent to 1,140.74 at 4 p.m. in New York. The Stoxx Europe 600 Index lost 4.8 percent in its worst plunge since March 2009 and Germany’s DAX Index slid 5.8 percent, the most since 2008. Ten-year Treasury yields fell as much as 19 basis points to 1.97 percent as rates on similar-maturity Canadian and British debt also reached all-time lows. The dollar gained versus 15 of 16 major peers, strengthening 0.6 percent to $1.4336 per euro. Gold futures rallied as much as 2.1 percent to $1,832 an ounce, while oil slid 5.9 percent.’ European Shares Fall Most Since March 2009 Aug 18th, 2011 12:01 by News (CNBC) — ‘European equities suffered their biggest daily fall in two and a half years on Thursday, as a slew of data cast further doubt on the strength of the recovery in the world’s biggest economy. German shares lost most, with traders citing the effects of a short-selling ban on financial stocks in other parts of Europe and intensifying worries about politicians’ lack of a plan to address the euro zone sovereign debt crisis. The European banking sector, exposed to the euro zone debt crisis, fell 6.6 percent and is down 29.7 percent this year.’

Jobless Claims, Inflation Rise More Than Expected CNBC | New U.S. claims for unemployment benefits rose more than expected last week. Chavez Nationalizes Venezuela’s Gold Industry, Recalls Hundreds of Tons of Gold Held Abroad, May Cause a Scramble for Physical Gold From JP Morgan and Others SEC destroyed crucial probe data: senator AFP | The SEC may have destroyed documents related to possible violations by major banks and hedge funds. World stock markets plunge as fears of recession intensify guardian.co.uk Don’t Swallow the FED’s $16 Trillion Suicide Pill Michael McKay | The Federal Reserve secretly kept the Phony-Fiat-Money-System afloat by “lending” out $16 Trillion. GALLUP: Americans satisfied with ‘the way things are going’ — 11%! Gallup | Americans’ satisfaction with the way things are going in the United States has fallen back to 11%.

Stocks: Mutual Fund Investors Hate Them the Most Since Oct. 2008 at The Wall Street Journal 

Rick Perry on Ben Bernanke: Fed Chairman's Money Printing Policies Are "Almost Treasonous"at Minyanville 
The Loss of Momentum in the Markets All Too Apparent Now Bob Chapman

Venezuela Plans to Move Reserve Funds Aug 17th, 2011 10:35 by News August 17 (The Wall Street Journal) —‘ Venezuela plans to transfer billions of dollars in cash reserves from abroad to banks in Russia, China and Brazil and tons of gold from European banks to its central bank vaults, according to documents reviewed Tuesday by The Wall Street Journal.The planned moves would include transferring $6.3 billion in cash reserves, most of which Venezuela now keeps in banks such as the Bank for International Settlements in Basel, Switzerland, and Barclays Bank in London to unnamed Russian, Chinese and Brazilian banks, one document said.Venezuela also plans to move 211 tons of gold it keeps abroad and values at $11 billion to the vaults of the Venezuelan Central Bank in Caracas where the government keeps its remaining 154 tons of bullion, the document says. PG View: There have been plenty of reasons to question President Chávez’s sanity in recent years, but seeking to lessen Venezuela’s dependence on the dollar and removing assets, particularly their gold, from Western banks is actually pretty prudent. It will be interesting to see how forthcoming those Western banks will be in facilitating the repatriation of Venezuela’s gold.’ Chavez Plans on Nationalizing Gold Industry Fox Business | “I have here the laws allowing the state to exploit gold and all related activities.”

Putin sets sights on Eurasian economic union Financial Times | Twenty years after the Soviet Union collapsed, Vladimir Putin, the Russian prime minister, may not, as is sometimes alleged, be trying to recreate it.

Putting The Cart On Top Of The Horse, Or Why Heaping Fiscal “Stimulus” Upon “Stimulus” Is Suicide For America Zero Hedge | Feeding the government monster is, contrary to what Krugman and other Keynesians will tell you, in the current regime of coincident monetary irrigation, an exercise in futility.

Merkel/Sarkozy press conference: No chance of eurobond anytime soon. No expansion of ESFS. Move toward common governance. Financial transaction tax. Aug 16th, 2011 10:37 by News EUR rallied then retreated. Germany adds to eurozone’s woes Aug 16th, 2011 10:13 by News August 16 (Financial Times) — German economic growth slowed to a near standstill in the second quarter of this year, dealing a further, unexpected blow to the crisis-hit eurozone.The surprisingly-sharp deceleration in activity in Europe’s largest economy hit overall eurozone growth and intensified fears about the global slowdown. It also threatened to complicate the challenge facing the region’s policymakers as they seek to combat its escalating debt crisis.

Stocks Slip On Concern Over Europe's Debt, U.S. Data

Dell braces investors for a bumpy road 16 Aug 2011 Dell makes a case on why it can better weather an upcoming storm with more higher margin businesses...

S&P says sell Google's shares after Motorola deal

Ron Paul on Texas Straight Talk: U.S. Government Debt Is Becoming Worthless

How Low Will Stocks Go? at Minyanville By MoneyShow.com Aug 12, 2011 ‘Up 500 points one day, down 500 the next. That’s the way the market is these days.

On Wednesday, the Dow Jones Industrial Average plummeted 520 points, erasing all of Tuesday’s gains from the Federal Reserve’s decision to keep short-term interest rates near zero. As of noon Thursday, it’s up about 250.

By Wednesday’s close, the Dow had lost 2,000 points, or more than 15% of its value, since July 21. The S&P 500 and Nasdaq Composite indexes lost slightly more during that time. All three are perilously close to the 20% decline from the late April-early May top that many pundits (particularly in the media) use as a rule of thumb to determine a bear market.

Unfortunately, I think stocks have still lower to go. How low? Later in this column I’ll tell you what some respected technical analysts think.

But let’s start with the fundamentals.

First, the economy. Need I say more? Jobless figures were somewhat better in June, but economists have revised downward their estimates of GDP growth. Measures of consumer confidence are pretty weak.

And did anybody get the real message the Federal Open Market Committee put out Tuesday? The economy is so sick, the Fed is willing to guarantee exceptionally low rates for two years! I’ve never seen the Fed telegraph its moves so far in advance, and the FOMC’s statement said over and over again how lousy the economy is.

Meanwhile, the open rebellion by three voting FOMC members makes it highly unlikely we’re going to see another round of quantitative easing anywhere near as big as the last two.

Third, there’s the debt crisis. Everyone agrees the European Union just doesn’t have the money to bail out Italy and Spain, its third and fourth largest economies, if it comes to that. Rumors are swirling about the health of French banks and the safety of France’s AAA rating.

And the debt-ceiling standoff here, which culminated in S&P downgrading the US’s AAA credit rating, means more government action to “fix” the economy is likely off the table.

So there’s no way President Obama will get much additional stimulus. He’s desperately trying to extend unemployment benefits and the payroll tax holiday for another year, but that looks pretty iffy at best. (You can read more from me about the "end of the welfare state" on The Independent Agenda.)

Finally, there are earnings, which have been great. But we’re getting much later in the cycle, and their momentum appears to be slowing. It’s hard for me to see how earnings growth alone is going to power the market much higher when everything else appears to be going in the opposite direction.

And while valuations are looking attractive by some measures, they don’t exist in a vacuum, either.

So, where does that leave us? Four prominent technical analysts I contacted all agreed: Stocks are heading lower, likely into a new bear market.

David Sneddon, head of technical analysis research at Credit Suisse in London, said the 1,370.58 intraday high in the S&P we saw on May 2 was the likely top. There’s critical technical support around 1,100, which is just about from where the market bounced back this week. So far, we seem to be holding that.

The next level of technical support below that is at 1,020-1,022. “You’d have to get below [1,000-1,010] to have a genuine bear market.”

Another London-based technician, Sandy Jadeja of City Index, who watches the Dow, thinks that’s where we’re going.

A few weeks ago, he predicted the Dow would drop to 10,428, which it did. Now, he told me by e-mail, “the rally that follows will be brief, and then lead to another leg down to 9,673 and further.”

“Lows are not to be expected until 2012,” he concluded. “Next month is critical. If we break the low of August in September, there is worse to come.”

Mark Arbeter, chief technical analyst of Standard & Poor’s, said back in May and June that the bull market was probably over, as I reported in this column. He hasn’t changed his position.

By e-mail, he said he “would look for some stabilization and a potential short-term rally now that the S&P 500 has fallen into a major zone of chart support…between 1,023 and 1,128.”

Ultimately he thinks the S&P could fall to 1,020, or maybe as low as 935. That would be 15% below Wednesday’s close, and would definitely mark a new bear market.

Michael Kahn, who writes the Getting Technical column for Barrons.com and the QuickTakes Pro blog, has long argued we’re in a secular (long-term) bear market, and he thinks the cyclical bull is over, too. Like Arbeter, he sees 1,010 to 1,050 as the next level of support for the S&P, and below that 930.

“I think it stops at 930 to make the 2000s-2010s follow the 1970s very closely,” he wrote me by e-mail. That’s one decade for which investors have little nostalgia.

The technicians are unanimous that stocks are going lower, though some are looking for a strong rally that goes against the bearish trend. Arbeter doesn’t expect that rally to go much beyond 1,250-1,260 before it sells off again. Sneddon doesn’t think it’ll bounce much higher than 1,200.

“We’ve clearly seen a lot of technical damage done in a lot of markets,” he told me. “I would be personally [inclined] rather to lighten up and reduce my positions” on rallies.

That would be my position, too, if I hadn’t already taken profits and sold what I wanted to a couple of months ago.

If you missed that chance, I wouldn’t sell in panic now, but would wait for stocks to mount a rebound to sell off positions in riskier small-cap stocks (which already may be in a bear market) and emerging markets, whose time in the sun has come and gone. That also may be a good time to permanently reduce your exposure to equities.

But I certainly wouldn’t buy into a market like this with all its wicked swings and uncertainties. Even mighty Goldman Sachs (GS) lost money on 15 trading days in the second quarter! And John Paulson, the hedge-fund genius who masterminded “the greatest trade ever” by shorting subprime mortgages, has lost 31% so far this year in his largest fund.

If people like that who have the best information and technology are losing money in this market, do you really think you’re going to beat them at their own game?

There will be a time to buy again, but it’s not now. This market is heading lower.’


Editor's Note: This article was written by Howard R. Gold, editor at large for MoneyShow.com.

Five Reasons for the Stock Market Crash and Zero Interest Rate 11 Aug 2011 Read more: Five Reasons for the Stock Market Crash and Zero Interest Rate http://www.moneynews.com/StreetTalk/Stock-Market-Interest-Rate/2011/08/11/id/406976 ‘It’s said that the stock market climbs a “wall of worry.” Because the stock market is trying to predict the future success or failures of various companies, it sometimes gets things wrong. Horribly, terribly wrong.

With the Dow Jones Industrial Average falling like a rock, with wild swings not seen since the stock market crash of 2008, many investors are on the verge of panic. It’s easy to see why. The Federal Reserve is committed to keeping interest rates near zero until mid-2013 at the earliest. Those low interest rates penalize investors on a fixed income who don’t want the risk of the stock market.

Publisher’s Note: In an exclusive interview presentation, Aftershock 2012, Robert Wiedemer outlines a dire financial warning along with a comprehensive blueprint for economic survival. Over one million Americans have seen the evidence and learned how to weather the stock market, secure interest rates, and save their financial future. Watch the video now.

But investors who understand the reasons behind the latest decline in the stock market have little to fear. Below are five reasons why the stock market is crashing right now:

1) Current Debt Crisis in Europe and the United States

Between record high bond rates in Greece, Spain, Portugal and Ireland, the eurozone has its hands full in dealing with too much debt relative to the size of its various economies. As a result of the poor bond performance from these countries, Europe is on the cusp of plunging into a banking crisis. Such a crisis could send interest rates soaring for “prime” countries like France and Germany, not to mention throw the continent into a recession.

Across the Atlantic, the United States isn’t faring much better. The recent debt ceiling drama concluded at the 11th hour, with very little in the way of true cuts. Instead, the government has promised to cut future growth, which may or may not even occur. No wonder S&P downgraded U.S. debt!

Ultimately, it isn’t risky assets like stocks that cause economic problems. Markets sell off when seemingly safe assets are suddenly recognized as significantly riskier than they were once perceived.

2) United States Government Is at an Impasse

As part of the recent debt ceiling deal, Congress approved the creation of a bipartisan super-committee comprised of 12 members to fast-track legislation. The constitutionality of such a committee is dubious at best, but it’s just one way for Washington lawmakers to pass off responsibility and avoid tough decisions.

It doesn’t end there. The Federal Reserve has tried two rounds of “quantitative easing,” a scheme to buy up excess debt. The rationale was that it would get the U.S. economy back on track. Instead, this plan juiced the returns of the stock market, and sent gas prices and grocery costs soaring.

Meanwhile, Congressional Republicans are calling for the ouster of Treasury Secretary Tim Geithner as a consequence of the U.S. losing its S&P AAA credit rating.

In other words, it’s business as usual for the government: trying to fix a crisis that’s largely the result of its own poor oversight, while avoiding any responsibility for causing the problem in the first place.

3) U.S. Unemployment Is Running Over 15%!

As long as the U.S. economy isn’t creating enough new jobs, it will stagnate. Although the unemployment rate has declined from the double-digit rates it hit in 2009/2010, many astute individuals have noted that the latest unemployment report is inaccurate.

Using the measurement for unemployment used by the government up until the early 1980s, true unemployment is running over 15%!

Meanwhile, many thrown out of work have exhausted their unemployment benefits, which in some cases lasted as long as 99 weeks. Once off unemployment, they officially disappear from the official unemployed list, making the job market appear better than expected.

Adding millions of jobs would be the best economic stimulus possible. It would allow millions to loosen their belts and spend more, which would be a huge boon across the entire economy.

Publisher’s Note: Author and esteemed economist Bob Wiedemer accurately predicted these events more than four years ago. Over one million Americans have seen the evidence and learned how to weather the stock market, secure interest rates, and save their financial future. Watch the video now.

4) United States Has No Economic Growth

Historically, the Federal Reserve has cut interest rates to increase economic growth. That’s because lower interest rates make it easier for individuals to borrow money to buy cars, houses, start small businesses and the like. However, there’s been nearly no growth since the United States plunged into a recession in 2008. And the Federal Reserve can’t cut rates any lower.

There’s no doubt in the minds of many market participants that more Fed easing policies are on the way, especially after America’s first-quarter GDP was revised from 1.9% to 0.4%.

The stock market’s moves are highly dependent on economic growth. If an individual company can post huge growth numbers, its shares tend to go up, and its shares tend to decline when growth stalls. When a country’s GDP is stagnant, investors don’t know what to expect. Hence the recent stock market plunge, as economic data may suggest that another recession is upon us.

5) No Housing Recovery

The stock market crash of 2011 is starting to resemble the stock market crash of 2008 in one key way: Bank stocks are leading the decline. Since the start of August, banks deemed “too big to fail” like Citigroup and Bank of America have sold off twice as hard as the overall stock market.

It’s easy to see why. Banks are sitting on millions of properties listed on their balance sheets at pre-housing crash prices. If all these properties hit the market at once, prices would have to fall substantially. If the banks have to sell them at a loss, they’ll take a hit to their balance sheet at a time when they’re still trying to improve it.

A housing recovery can spur job growth for construction jobs, real estate agents, and businesses in new communities. But we currently have a housing glut that will take several years to work through.

Until then, without a housing recovery, it’ll be tough for the overall economy to recover. That means the stock market is in for a wild ride and low interest rates are here to stay.

While these five reasons aren’t a comprehensive list of the problems weighing down the stock market and keeping interest rates paltry, they should give most investors a reason to stay cautious over the next few months.

Based on the market’s action and recent economic data, it’s more likely than not we’re entering a double-dip recession. Stay heavy on safe investments and don’t give into the fear.

Read more: Five Reasons for the Stock Market Crash and Zero Interest Rate
Important: Can you afford to Retire? Shocking Poll Results …’

Stocks Overbought Already?at The Wall Street Journal

Are US Markets Facing the Abyss? [ Short answer: Worse! ] at Minyanville  Jeffrey Cooper Aug 15, 2011 ‘

“As soon as the idea of the Deluge had subsided, a hare stopped in the clover and swaying flowerbells, and said a prayer to the rainbow, through the spider’s web.

Oh, the precious stones that began to hide, and the flowers that already looked around.

In the dirty main street, stalls were set up and boats were hauled toward the sea, high tiered as in old prints.

Blood flowed at Blue Beard’s -- though slaughterhouses, in circuses, where the windows were blanched by God’s seal. Blood and milk flowed.

Beavers built. “Mazagrans” smoked in the little bars.

In the big glass house, still dripping, children in mourning looked at the marvelous pictures.

A door banged; and in the village square the little boy waved his arms, understood by weather vanes and cocks on steeples everywhere, in the bursting shower.

Madame installed a piano in the Alps. Mass and first communions were celebrated at the hundred thousand altars of the cathedral.

Caravans set out. And Hotel Splendid was built in the chaos of ice and the polar night.

Ever after the moon heard jackals howling across the deserts of thyme, and eclogues in wooden shoes growling in the orchard. Then in the violet and budding forest, Eucharis told me it was spring.

Gush, pond -- foam, roll on the bridge and over the woods -- black palls and organs, lightning and thunder, rise and roll -- waters and sorrows rise and launch the Floods again.

For since they have been dissipated -- oh, the precious stones being buried and the opened flowers -- it’s unbearable. And the Queen, the Witch who lights her fire in the earthen pot will never tell us what she knows, and what we do not know.”

--Apres Le Deluge, Arthur Rimbaud

"Yeah, keep your eyes on the road, your hands upon the wheel...
Let it roll, baby, roll."
-Roadhouse Blues (The Doors)

“Somebody hit her with a chair, you know. I guess there’s no way to determine who did it. It’s already coagulating. She was just an innocent bystander. It’s a democracy.”
-Jim Morrison

“There are things known and there are things unknown, and in between are the doors of perception.”
-Aldous Huxley

“That men do not learn very much from the lessons of history is the most important of all the lessons that History has to teach.”
-Aldous Huxley

“Ye shall know the truth, and the truth shall make you mad.”
-Aldous Huxley

The market went mad last week. The truth of capitalism was in chaos, democracy in disarray, and paralyzed politics hit home. The truth hurts.

“And the Queen, the Witch who lights her fire in the earthen pot will never tell us what she knows, and what we do not know.”

Seemingly in unison, market participants' heads hit their pillows Friday night with a thousand points of night running like shards of broken confidence through their minds.

The consumer confidence number hit the lowest level in a generation as the retail therapy of conspicuous consumption threatens to hit the wall.

Anesthetized with lies and sedated with stimulus, is the consumer shopped out and about to send a wake-up call to Mr. Economy?

At the end of World War II, no power existed which could compete with the US militarily or economically.

The US had saved the world from the scourge of dictatorship.

In return, the Bretton-Woods Agreement in the Summer of 1944 also gave us the monetary power to print the world’s currency. We promised it would always be convertible into gold at the rate of $35 per ounce. This proviso was between the world’s central banks and ours. It remained true until August 15, 1971 when President Nixon voided the agreement because French President de Gaulle was about to make a run on our gold, which he knew wasn’t sufficient to back up all of the currency then floating around in the world’s central banks. De Gaulle was about to precipitate a kind of run on the bank.

Son of a gun.

Is this a harmonic of the rumors that Dominique Strauss-Kahn -- former head of the IMF who was about to run for the French presidency -- was set up in a hotel in New York because he was about to reveal something about the gold that is or is not in Fort Knox?

Ever since the Bretton Woods Agreement was broken 40 years ago today, the dollar has been wandering in a sort of financial Biblical desert, characterized by the last decade of bubbles and busts.

The monthly S&P shows 3 persistent advances: a 5-year run into March 2000, a 4-year run into July 2007, and a 2-year run in May 2011.

The March 2000 top saw a break and a return rally/test failure into late August 2000. The July 2007 top saw a break and a return rally that made a marginal new high test failure in October 2007. Both of these tests failures of the high came roughly 90 days/degrees later.

In 2011 an initial peak played out on February 18th. A test failure played out with a marginal new high roughly 90 days/degrees later.

In “How Mid-September 2008 Ties To The July 2010 Low And Today” from late June, I walked through the setup for a waterfall decline.

The March ’03 low was 788 which is where the big advance to 2007 began. 2 x 788 gives the price of the S&P all-time high in 2007.

From the March 6, 2009 low to the May 2, 2011 high is 787 days.

Time was ‘up’ this May, but the S&P didn’t roll over until the anniversary of the July ’07 high.

From August 1971 to August 2011 is 480 months. On the Square of 9 Wheel, 480 is square 90 degrees of August 24th.

August 24th is opposite this year's February 18th peak.

The end of the month also ties to the pre-crash high in 1987, the pre-crash high in 1929, and the return rally high in 2000.

The end of August vibrates off major crashes in history.

In addition, early September ties to the 120-month anniversary of 9/11 and the 1000 point DJIA bungee following that crash.

Will an ABC retracement rally following our recent crash be able to satisfy my projection early last week of a 1000 DJIA rally?

Will the end of the month/early September mark a retracement high or a new low?{PAGE_BREA}Surprisingly, after violating the Bretton Woods agreement, the world kept on functioning as though the US dollar was still as good as gold. The only limit on our power to print money was the world’s willingness to continue tolerating our enormous abuse of this power. In effect, it gave us the power to soak up the savings of others around the world in order for us to consume. It was a giddy time.

It was a giddy-up time for politicians intent on spending to buy votes and the incestuous target they created for lobbyists.

Americans then had a free ride in financial matters to take the labor of others and use them to their benefit. We no longer had to produce. We could just let others do the producing and all that we needed to do was print more money and pay them off.

That illusion is ebbing.

Technically, the market looks like it is creeping higher to finish off an ABC upward correction from 1190 to 1225, which should see the market quickly fall to lower lows. The mid-point of equilibrium between the 666 low and the 1371 high equates to 1018. A decline to 1018 could be a test of the 1011 low in July 2010.

1190 is the mid-point from the July 2010 low to the May 2011 high.

1225 ties to last year's double tops.

A full backtest of the big neckline ties to 1250ish.

This week the market will tie to the chance for an Upside Follow Through Day -- a day with a substantial gain on substantial volume at least 4 days after a low.

This week is also options expiration, so a possible C wave corrective rally could theoretically see the market hold up into the end of the week.

However, without a big momentum day to hook the shorts, the market will drift before another leg down targeting 1040ish to 940ish.

We have been looking for a blow out low near mid-August based primarily on the cycle from 1951.

The closing lows for two sessions near 1121 aligns with mid-August on the Square of 9 Wheel. Only above 1260 does the market suggest something else other than a new bear leg is playing out.

We don’t want to short if a washout has occurred like in August 2007. As we asked in a report last week, is this a blow-out low or a mid-point for a move lower?

At the same time it’s tricky to go long here between 1190 and 1225: the vast majority of technicals indicate a new bear leg. While many stocks are improving they have not repaired the damage.

A lot of comparisons have been made between the current cascade in stocks and 2008. Memory is short on Wall Street, but not that short. It is possible that money managers and robots alike sold first and will ask questions later so as not to be mangled in a another train wreck.

But this is not like 2008 in the sense that the Crash in the Fall of 2008 was a second leg down.

Modern markets haven’t seen a drop off a peak or pivot high from late July like we just witnessed. It was worse that last year’s Flash Crash in May 2010. It is worse than the initial sell-off in late 2008.

Even on Black Monday in 1987, stocks were decimated in virtually one day and it was over. This one has been a Roller Coaster Crash.

While the market has echoed the Flying Elvis Pattern that installed a low from mid-July 2010, it remains extremely risky as the sharpness and steepness of the selloff leaves it/left it primed for a reflex rally.

http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/15/ARCX_SPY_D%20--%20SPDR%20S&P%20500%20TRUST.gif

At the same time, as offered in a chart in this space in late July, the set up for a waterfall crash like 1929 was in place and that pattern may not have played out completely.

http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/15/DJIA%201929%20Daily.gif%20final.jpg

http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/15/ARCX_GLD_D%20--%20SPDR%20GOLD%20SHARES.gif ‘

Rickards – US will revalue gold to $7000 Aug 15th, 2011 15:10 by News August 15 (King World News) — ‘ He (Nixon) said first of all I am imposing national price controls because there was an inflation problem in the United States at the time. The second thing he said was I am putting a 10% surtax of imports on all imported goods coming into the United States. Then about 10 minutes into the speech, very much en passant, he said, ‘Oh by the way we are suspending the convertibility of dollars into gold’ and he immediately went into this Nixonian rant about speculators. So it was very interesting, there were three earth-shaking announcements. Can you imagine any one of those three things going on today? President Obama or any President saying he was going to impose nationwide price controls, or all Chinese goods would have a 10% surcharge. It would be cataclysmic, yet Nixon did both of those things. Plus (Nixon) took us off the gold standard, so it was quite a dramatic speech. In a strange way he did us all a favor by making sure we (the US) held on to the gold. So I do think the United States is in a position to revalue the currency using gold to that $7,000 level. That will obviously be a huge benefit to all of the people who invested in gold because they are going to be along for the ride, along with the United States when that gold goes to $7,000.” Excerpted from an interview that is available here. ‘

Fed Pledge Let's You Know The Fix Is In Forbes Peter Schiff ‘ Last week’s wild actions on Wall Street should serve as a stark reminder that few investors have any clue as to what is really going on beneath the surface of America’s troubled economy. It did bring startling clarity on at least one front. In its August policy statement the Federal Reserve took the highly unusual step of putting a specific time frame for the continuation of its near zero interest rate policy.

Moving past the previously uncertain pronouncements that they would “keep interest rates low for an extended period,” the Fed now tells us that rates will not budge from rock bottom for at least two years. Although the markets rallied on the news (at least for a few minutes) in reality the policy will inflict untold harm on the U.S. economy. The move was so dangerous and misguided that three members of the Fed’s Open Market Committee actually voted against it. This level of dissent within the Fed hasn’t been seen for years.

Many economists have short-sightedly concluded that ultra low interest rates are a sure fire way to spur economic growth. The easier and cheaper it is to borrow, they argue, the more likely business and consumers are to spend. And because spending spurs growth, in their calculation, low rates are always good. But, as is typical, they have it backwards.

I believe that ultra-low interest rates are among the biggest impediments currently preventing genuine economic growth in the US economy. By committing to keep them near zero for the next two years, the Fed has actually lengthened the time Americans will now have to wait before a real recovery begins. Low rates are the root cause of the misallocation of resources that define the modern American economy. As a direct result, Americans borrow, consume, and speculate too much, while we save, produce, and invest too little.

It may come as a shock to some, but just like everything else in a free market, interest rate levels are best determined by the freely interacting forces of supply and demand. In the case of interest rates, the determinative factors should be the supply of savings available to lend and the demand for money by people and business who want to borrow. Many of the beneficial elements of market determined rates are explained in my book How an Economy Grows and Why it Crashes. But allowing the government to determine interest rates as a matter of policy creates a number of distortions.

It was bad enough that the Fed held rates far too low, but at least a fig leaf of uncertainty kept the most brazen speculators in partial paralysis. But by specifically telegraphing policy, the Fed has now given cover to the most parasitic elements of the financial sector to undertake transactions that offer no economic benefit to the nation. Specifically, it will simply encourage banks to borrow money at zero percent from the Fed, and then use significant leverage to buy low yielding treasuries at 2 to 4 percent. The result is a banker’s dream: guaranteed low risk profit. In other words it will encourage banks to lend to the government, which already borrows too much, and not lend to private borrowers, whose activity could actually benefit the economy.

This reckless policy, designed to facilitate government spending and appease Wall Street financiers, will continue to starve Main Street of the capital it needs to make real productivity-enhancing investments. American investment capital will continue to flow abroad, denying local business the means to expand and hire. It also destroys interest rates paid to holders of bank savings deposits which traditionally had been a financial pillar of retirees. In addition, such an inflationary policy drives real wages lower, robbing Americans of their purchasing power. The consequence is a dollar in free-fall, dragging down with it the standard of living of average Americans.

Until interest rates are allowed to rise to appropriate levels, more resources will be misallocated, additional jobs will be lost, government spending and deficits will continue to grow, the dollar will keep falling, consumer prices will keep rising, and the government will keep blaming our problems on external factors beyond its control. As the old adage goes, “insanity is doing the same thing over and over again and expecting different results.” ‘

Peter Schiff is CEO of Euro Pacific Capital.

Related Posts:

Immolate The IMF

Currency Manipulation

Train Reading: The Stock Market Is Insane The Wall Street Journal

‘The stock market has lost its mind — Bethany McLean in Slate

Are US banks turning Japanese? — FT Alphaville

How’s that austerity working out for you, UK? — Econbrowser

Can Jeremy Grantham profit from ecological mayhem? — NY Times Magazine

Authors and critics reveal which lit classics they consider overrated — Slate

It’s not so easy applying Moneyball principles to soccer — WSJ ‘

THE STOCK MARKET HAS LOST ITS MIND — Bethany McLean in Slate Risk On! Do the Fed, computer trading, and a few hedge funds rule the market? That might explain why it's lost its mind. After the madness of last week and the rollercoaster at the beginning of this week, the stock market recovered from its Aug. 10 rout to bounce 423 points on Aug. 11. It was the fourth day in a row in which the index moved by more than 400 points, which has never happened before in history. As I write this, stock prices are leveling off, but the big swings may not be over. Has the market gone mad? Actually, yes.

In theory, the stock market is supposed to reflect the prospects for the economy—the earnings potential of the stocks that make up the Dow Jones Industrial Average. But there's more than one reason to believe that what's going on now has little to do with any rational view of the future, and a lot to do with the market itself. "Dip your toes into any risk asset right now and understand that you are not entering into anything remotely resembling a normal market environment," wrote David Rosenberg, the well-respected former Merrill Lynch analyst who is now the chief economist at Canadian firm Gluskin Sheff, in his recent newsletter. "Dysfunctional is more like it."

The first factor to consider is that the huge rebound in stocks and in all sorts of risk assets from the spring of 2009 until May of this year wasn't necessarily driven by a belief that better times were coming. It was driven by a belief that investors had to buy riskier assets given the Fed's determination to hold interest rates near zero. Because investors can't get a return in "safe" assets—indeed, a small return will get chewed up by inflation—they are driven to riskier assets. As more investors pile in, everyone is driven further out along the risk curve.

This is what traders call "risk on." What they mean is that you'll be rewarded for buying risk, regardless of reality. The Fed's second round of quantitative easing ("QE2"), in which it bought $600 billion of Treasuries in order to keep interest rates low, encouraged this investment strategy. "We had a nice two-year rally in risk assets and something close to an economic recovery, but as we had warned, it was built on sticks and straw, not bricks," wrote Rosenberg. "This isn't much different than the financial engineering in the 2002-07 cycle that gave off the appearance of prosperity."

The Fed intended this to end happily. The fake wealth created by a soaring market was supposed to turn into real wealth, because rich people, who control much of the economy and who have much of their money in the market, were supposed to spend more. But it hasn't worked, partly because of problems in the rest of the world—the tsunami in Japan, the financial crisis that's brewing in Europe—and partly because our own economy is too deep in hock to achieve the necessary stimulus. As Howard Marks, the chairman of Oaktree Capital Management, put it in his recent letter, "The world has awakened to the undesirability of ever-growing government debt."

You can think of the Fed's medicine as a painkiller. It allows everyone to pretend that bad stuff isn't happening, until something shatters the illusion and the comfortable numbness abruptly gives way to panic. There's massive selling. Then the Fed reassures everyone that its toolbox isn't empty just yet—witness the big upturn on Aug. 9 after the Fed said it would likely hold rates near zero until mid-2013 (a worthless prediction if inflation surges)—and the market soars. Risk on!

It's hard to develop any real conviction about the direction of the market when so much depends on the actions of the Federal Reserve. That's especially true because even the members of the Federal Reserve Open Market Committee aren't all in agreement. Three members voted against the Fed's Aug. 9 announcement. Complicating matters is that the short term direction of the real economy is also at the mercy of the government. The key line in this Wall Street Journal story: "As goes government spending, so goes the U.S. economy."

Another possible factor in the madness is forced selling by big hedge funds. There are rumors that funds are getting hit by margin calls, or that funds that are having a bad year are getting redemption requests from investors, thereby forcing them to sell. Most of the gossip has focused on John Paulson (the hedge fund manager who famously made his fortune by shorting securities backed by subprime mortgages), given the big positions he was known to have in stocks that have gotten trashed. But if Paulson is hurting, he's probably not alone. "No way big guys could have gotten out," one trader tells me via email. "Big hedge funds with all the same big positions. This move down happened so fast that they are trapped." If this theory is right, then sudden rallies like Thursday's upturn will be followed by more selling, as hedge funds take advantage of the ability to get out.

The last explanation I've heard is that most of the buying and selling hasn't been driven by real people, but rather by computers. Hello, HAL 9000! In the last five years, computer-driven trading, whether controversial high-frequency trading or just programs that buy baskets of stocks based on technical figures, has become a bigger and bigger part of the market. Depending on how you define it, sources tell me it constitutes 70 percent to 90 percent of trading now. "The human element is gone," one trader tells me. At least some people believe that the presence of computers exacerbates the big moves up and down. According to this paper by X. Frank Zhang, an associate professor of accounting at the Yale School of Management, "high frequency trading is positively correlated with stock price volatility." Zhang goes on to say that the "positive correlation is stronger among the top 3,000 stocks in market capitalization and among stocks with high institutional holdings. The positive correlation is also stronger during periods of high market uncertainty." Zhang's academic work is supported by the observations of those who have been in the market for a long time. "I suspect that the real culprits here are the computers Wall Street has programmed and unleashed to trade and manage portfolios," wrote John Bollinger, who has been publishing his Capital Growth Letter for more than two decades. "The sort of mindless selling that we are seeing is most likely the result of machines trading and human beings desperately trying to keep up with them."

Should you buy? Should you sell? No one knows. The world is always an uncertain place, but right now it's more uncertain than usual, whether about the ultimate resolution of Europe's crisis or about how the U.S. will reduce its debt and get the economy growing again. Or perhaps I should say reduce its debt or get the economy growing, since it's unlikely to achieve both at the same time. This inability to guess what the future holds means that madness rules.’

Withdrawals From Stock Funds Biggest Since ’08 Aug 12th, 2011 15:32 by News (Bloomberg) — Investors pulled the most money from global stock funds since 2008 in the past week as the Standard & Poor’s downgrade of Treasuries and the deepening European debt crisis prompted a flight into cash and gold. Funds that buy global equities suffered $3.5 billion in net withdrawals in the week ended Aug. 10, the most since the second week of October 2008, according to Cameron Brandt, director of research at Cambridge, Massachusetts-based EPFR Global. Investors removed $11.7 billion from funds that invest in U.S. equities, the most since May 2010 when investors pulled money following a one-day market crash that briefly erased $862 billion.“This week had a feeling of capitulation as we saw investors running for cover,” Brandt said in a telephone interview. “The last time we saw this kind of flight to safety” was in 2008, he said.’

U.S. Consumer Confidence Drops to Three-Decade Low Amid Economic Headwinds Aug 12th, 2011 13:10 by News (Bloomberg) — ‘Confidence among U.S. consumers plunged in August to the lowest level since May 1980, adding to concern that weak employment gains and volatility in the stock market will prompt households to retrench.The Thomson Reuters/University of Michigan preliminary index of consumer sentiment slumped to 54.9 from 63.7 the prior month. The gauge was projected to decline to 62, according to the median forecast in a Bloomberg News survey.’

Pity the Policymakers July 21st, 2011 by News by Mohamed A. El-Erian (Project Syndicate) — ‘I don’t know about you, but whenever I am in an airplane experiencing turbulence, I draw comfort from the belief that the pilots sitting behind the cockpit’s closed door know what to do. I would feel very differently if, through an open door, I observed pilots who were frustrated at the poor responsiveness of the plane’s controls, arguing about their next step, and getting no help whatsoever from the operator’s manuals. So it is unsettling that policymakers in many Western economies today resemble the second group of pilots. This perception reflects not only the contradictory pronouncements and behavior of policymakers, but also the extent to which economic outcomes have consistently fallen short of their expectations.This perception is evident in Europe, the United States, and Japan, where indicators of economic sentiment are deteriorating again, already-weak recoveries are stalling, and over-stretched balance sheets are becoming even more precarious.’

Greek finance minister brushes off downgrade [ Sounds like a plan! ]

Is America The Next Greece? at Forbes Marc Schindler ‘After many years of overeating (overspending) Greece is in the emergency room with a major financial heart attack and America isn’t far behind.

The doctors (IMF, European finance ministers, the ECB, etc.) are running around trying to save it. Open heart surgery (loans guaranteed by others) has averted the immediate crisis, but Greece is just as overweight today as it was before the crisis. Attempts to lose weight through exercise (austerity measures) cause serious chest pains (riots). The doctors don’t want to admit it, but all signs point to a heart transplant (default) as the only way to get Greece onto its feet again.

Greece isn’t the only one. It is a veritable epidemic. Ireland, Italy, Portugal, Spain and a host of other countries are having chest pains. Iceland is feeling better now with its freshly transplanted heart. The American home owner is still in the hospital from his financial heart attack after gobbling up vast quantities of real estate, and it has been many decades since Uncle Sam last could see his toes.

By most accounts (e.g. here or Bill Gross‘ statements in a recent interview) total hidden government liabilities add up to about $60-$100 trillion. That is on top of the $14 trillion of debt carried on the balance sheet. Adding up those liabilities, the US owes at least five times GDP, which currently sits at about $15 trillion. For comparison, Greece’s debt is about 1.5 times its GDP.

This is not really a fair comparison, because it leaves out any hidden liabilities Greece may have. The US debt figure includes unfunded entitlements, state and local debt, and underfunded public pensions. Nevertheless, it is clear that this is an unsustainable debt load even if the estimates turn out to be off by a factor of two or four.

Uncle Sam is already more overweight than Greece ever was. If he doesn’t change his ways, he will end up in the hospital like Greece, but at present he is partying like there is no tomorrow, gorging himself on entitlement spending, costly wars, bailouts, subsidies, and countless other delicacies.

Perhaps it would not be such a bad thing if the talks about raising the debt limit failed. After Uncle Sam suffers the resulting self-inflicted mild heart attack (temporary default) and finds out how much fun it is to fetch up in the emergency room, he might be more inclined to take care of himself, slim down, and stick with an exercise regime.

Some kind of a wakeup call is necessary while there is still time to deal with our debt problem. The only way to address it is for Washington to do its job: get everybody to recognize that there is a problem, find a solution that demands some sacrifices from everyone, and work together across party lines to implement it. In the current political environment that does not seem to be possible. Something needs to change the environment. Greece shows that the alternative is not pretty.’

Corporate Earnings Soar Amidst a Dismal Job MarketWall St. Cheat Sheet [That game’s about to end! In fact, that game’s over! Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- ]

Standing on the precipice – and ready to jump July 21st, 2011 News By Wolfgang Münchau ( Financial Times) — ‘It looks like there will be deal on a eurozone package for Greece. The full details are still missing, but it appears that the eurozone is forcing Greece into a selective default. As part of such a package, short-term Greek debt will be more or less forcibly converted into long-term debt. The wretched bank tax is mercifully off the table. And the European financial stability facility will most likely be allowed to purchase Greek debt at a discount. LET US NOT MINCE WORDS HERE. THIS WOULD BE A DEFAULT, THE FIRST BY A WESTERN INDUSTRIALISED COUNTRY IN A GENERATION. I am not quite sure how it is possible for the European Central Bank to agree to this, or to all of this. But I will surely be intrigued to hear how Jean-Claude Trichet will manage to be consistent with what he said a few days ago. There are also reports that the eurozone leaders may accept a more flexible EFSF beyond those bond purchases.’

State Finances Are Worse Than You Think at Forbes

So Far, Market Ignoring Dire Warnings at Minyanville

The Greater Depression Is Upon Us by David Galland http://www.lewrockwell.com/orig10/galland34.1.html Casey Research Recently by David Galland: The Road to Perdition ‘The phrase “Greater Depression” was coined by Doug Casey a decade or so back as a way of describing the economic crisis he foresaw as inevitable, and which is now materializing.

Because I think it is important for every organization to constantly challenge its own assumptions, I’ve long acted as something of a devil’s advocate here at Casey Research. By constantly pushing our analysts to revisit their assumptions and calculations, it is my firm intention for us to spot the fork in the road that indicates it is time to shift strategies away from investments designed to do well in the face of a currency debasement and to something else.

Being attentive to that fork in the road is hugely important, because even though we urge our subscribers not to overdo their exposure to inflation hedges, we recognize that many do. Many a good person had their clocks cleaned in the early 1980s solely because they had become overly enamored of their precious metals – so much so that they stopped thinking of them as an asset class and began thinking of them more in the terms one might associate with an amorous dinner date. Thus these investors were utterly unprepared when said date stood up and broke a dinner plate over their heads.

With that brief setup, I want to make our views clear: While we correctly anticipated the recent correction in precious metals, this correction is but a blip in a secular bull market that is very much intact.

Doug Casey has often said that the unfolding crisis is going to be even worse than he expects (which is saying something), and the longer the rest of us at Casey Research study the tea leaves, it is hard to disagree that the Greater Depression is still ahead.

Consider:

THE EUROZONE IS GROWING INCREASINGLY DESPERATE. Watching the heads of Europe dither and debate over further bailouts to the unhappy Greeks and other troubled PIIGS – before ultimately reaching back into the pockets of the equally unhappy citizens in Germany and the decreasing number of still-functioning economies in the eurozone – reminds me of a down-on-his-luck blackjack player. He’s mortgaged his home to play the game but is now down to his last chips. He doesn’t want to risk his remaining resources but has no choice, because to walk away now will mean taking up residence in a cardboard box. And so, reluctantly, he shoves across another pile. The problem is that the game is rigged – and not in his favor. As the PIIGS start to default and either leave the eurozone entirely or are shunted off into some sort of sidecar organization, there will be great volatility in the euro and in the European markets.

THE U.S. DEBT SITUATION IS FAR WORSE THAN ANYONE IN WASHINGTON IS WILLING TO ADMIT. We keep hearing calls for more, not less debt creation. But if people would stop kidding themselves and tally up all the many demands the U.S. government has against it, the actual debt-to-GDP ratio rises to something on the order of 400% – and even that is likely understating things. The fundamental flaws in the U.S. monetary system – flaws that have given license to the bureaucrats to smash the limousine of state straight into a wall – have required a remaking every 20 to 30 years or so. The problem is that there is pretty much nothing else that can be done to save the status quo at this point, and so the monetary system is likely to collapse. That means big changes ahead, including – or perhaps starting with – a poisonous ratcheting up of interest rates.

CHINA’S MIRACLE MIRAGE. While having aspects of a free market, the hard truth is that China is run as a command economy by a cadre of communist holdovers. This is apparent in the cities that have been built for no purpose other than creating jobs and boosting GDP. It is also apparent in the growing inflation in China – the inevitable knock-on of the government’s decision to yank on the levers of money creation harder than any other nation at the onset of the Greater Depression. Meanwhile, signs of social unrest crop up here and there. Though so far they have been swiftly put down, there is no question that the ruling elite has to walk a very fine line. If the Chinese economy stumbles seriously, all bets are off. That we are talking about the world’s second-largest economy means this is not of small consequence.

JAPAN IS ESSENTIALLY OFFLINE. Reports from friends in Japan – including one who was initially skeptical about the scale of the problems at Fukushima – have now changed in tone by 180 degrees. You can almost feel the growing sense of desperation as the already massively indebted nation begins to slide toward an abyss. There is little standing in the way of the world’s third-largest economy’s slide.

THE MIDDLE EAST IS IN FLAMES. This, too, is far from settled. As usual, the U.S. government has been hopping here and there in an attempt to maintain its influence, but at this point pretty much everything is up for grabs. The odds of the U.S. retaining the same level of influence in the region that it has enjoyed over the last century are slim to none, especially now that even the Saudis are shipping more of their oil to China than to the U.S. Again, big changes are ahead…’

Watch Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Back on December 12, 2007 I wrote a market commentary that started as follows:

The equity markets have been very volatile this year, but also range bound.  A picture speaks a thousand words so all one needs to do is view the chart below of the S&P 500 Index to understand just how volatile and range bound things have been.  Specifically, since February 20, 2007, only nine and one half months or so ago, the S&P 500 Index has been down 5.86%, up 13.02%, down 9.43%, up 11.26%, down 10.09%,
and now up 7.73% – through 12/10/07 – so far in this
latest up leg!  All this in ONLY nine and one half months!

http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-1.jpg

History is repeating itself so far in 2011, which has been fraught with ups and downs in both international and domestic equity markets.  This is due to many things, including the considerable economic doubts and various countries debt situations. This uncertainty has translated into market performance with direct impacts on portfolio returns and more prominently in portfolio volatility. This volatility is best seen in the chart below of the S&P 500 Index beginning 1/1/11.

http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-2.jpg

2010 ended positivity and the momentum carried into the first two months of 2011 however the end of February began a series of events that led market returns on a whipsaw ride of ups and downs, resulting in the current universal mid-year views of market uncertainty.

What news was associated with this volatility? All the usual; crude oil prices, natural disasters, corporate earnings, politics, economic forecast revisions for both developed and emerging markets, the European debt situation, the United States debt situation and more to name just a few.

One thing is for certain; the current volatile, range bound market activity is difficult at best to profit from.  In this investing environment patience is the most important attribute.  I will be patient and will be careful until the trends are preferable.

Our strategy at Hanlon Investment Management is to attempt to minimize downside risk by exiting risk asset classes, such as equities, during periods of uncertainty, getting invested in more conservative asset classes, such as money markets and short-term bonds, and re-entering into risky asset classes when we identify them as attractive, when the trend is our friend and positive!

Having identified this volatility, in June we made defensive, tactical investment decisions that provide less exposure to these volatile, range bound markets and prepare us to re-enter the markets when they possess improved risk characteristics.’

Deficit Ceiling and Stocks - Expect the Unexpected ETFguide Simon Maierhofer, July 19, 2011, ‘A number of cliches come to mind when talking about the U.S. debt situation. The most appropriate might be: 'You can't have your cake and eat it too.' The least applicable is probably: 'Never put off until tomorrow what you can do today.'

But if you think the U.S. will default on some of its obligations anytime soon, you don't have enough faith in the government's most potent weapon - extend and pretend (another cliche that's become the modus operandi).

Since 1960, Congress has acted 78 separate times to permanently raise, temporarily extend, or revise the definition of the debt limit. Chances are Congress will act again before the August 2 deadline. That however isn't good news.

By the end of this article you will know the common sense, no nonsense, deficit ramifications for the stock market and why even 'a deal' isn't good news.

USA Inc. - Income Statement

If the United States was a corporation - USA Inc. - here's what the Income Statement would look like:

Total federal spending in 2010 amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.                                 

The 2011 federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. But there's no reason to despair, just before April 15,Congressional leaders were able to agree on $39 billion worth of budgetcuts for the remainder of the year.

Senate Majority Leader Harry Reid hailed this heroic effort as a 'historic' level of cuts. To quantify just how 'historic' that effort was we'll put it in percentage terms -1%. The cut amounted to only 1% of the 2011 budget. Apparently it wasn't enough. Thanks to extend and pretend we've arrived at the next deadline.

Stocks Applaud ... and Decline

Keep in mind that back in mid-April when the 'historic' $39 billion cut was hammered out, the S&P was at about 1,300. Following the 'resolution' of the budget problem stocks rallied about 5%.

The April 3 ETF Profit Strategy Newsletter featured the chart below (due to size restrictions the chart had to be reduced). As per the chart and accompanying analysis, the Newsletter expected a rally to the next Fibonacci resistance at 1,369, followed by a bounce off the Fibonacci support at either 1,229 or 1,255 and an attempt to take out the previous high.

http://www.etfguide.com//contributor/UserFiles/8/Image/5%20-%20April%203%20TF.jpg

This outlook was based purely on technical analysis with no regard for the deficit problem or European debt woes (we'll take a look at an updated technical forecast in a moment). The S&P did top at 1,370 on May 2. Thereafter it dropped to 1,259, and tried to take out the previous high (the S&P rallied as high as 1,356 on July 7and stumbled thereafter).

USA Inc. - Balance Sheet

If you think the Income Statement looks bad, you may not want to look at the Balance Sheet. Consensus estimates for unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while other estimates exceed $100 trillion.

The Deficit and Stocks

When President Obama took office in January 2009, the federal debt was 70% of GDP or $10 trillion. Today the deficit is close to 100% of GDP at $14.3 trillion.  As per a recent AP report, President Obama had to scroll down his demands and would now be content with a $2.4 trillion debt ceiling increase to make it last beyond the 2012 elections.

No doubt, the President would like the deficit issue put on hold until he's re-elected. It seems like everyone has an agenda that takes priority over solving the actual debt issue. The whole game could be summed up as White House budget director Jack Lew put it: 'That all these ideas do is say let's kick the can down the road so that others will deal with it.'

This, by the way, is why the pre-election year of the Presidential election year cycles has seen gains consistently since 1939, because the incumbent party will do what it takes to remain in office longer.

A lose-lose Situation

The drawback of the deficit situation is that there is no easy way out. The government has to either cut spending (as in fewer benefits for Americans) or increase revenue (as in higher taxes).

Pick your poison. Either choice will kill the economy. Of course, you can extend and pretend, which is probably what will end up happening. No matter how much lip stick you have at your disposal, a pig remains a pig. The deficit is a big (red) pig.

What is worse, a $14.3 trillion deficit today, or a $16+ trillion deficit (according to Obama's wish) in 2012? Debt is like gangrene, dry rot or mold, it doesn't just go away, it gets worse (ask Greece, Ireland, Portugal or any of the other PIIGS).

Eliminate Variables

Using European (NYSEArca: VGK - News) debt troubles as a benchmark, there hasn't been a direct correlation between U.S. stocks and European debt. To generalize this even further, there hasn't been a real correlation between the U.S. deficit issue and U.S. stocks.

It was in June 2009 that Greece admitted to having a 'small' problem. Stocks rallied throughout the remainder of 2009, most of 2010 and some in 2011. The same is true for the MSCI EAFE ETF (NYSEArca: EFA - News) and Emerging Market ETF (NYSEArca: EEM - News).

Admittedly, the U.S. is a much bigger problem than the PIGGS, but the principal remains the same - basing investment decisions on the outcome of debt negotiations is tricky because the market has a mind of its own.

Since early 2010, every single time the major indexes a la S&P (SNP: ^GSPC), Dow (DJI: ^DJI), and Nasdaq (Nasdaq: ^IXIC) sold off more than a few percent, it's been blamed on Greece. What many don't consider is that the market was helplessly overbought in January, and April 2010 and 2011 and due for a correction anyway. It seems like Greece has been a scapegoat more often than the actual cause. Perhaps it's a game of chicken and the egg. Which came first?

No Chicken-Egg Game

It has been more beneficial and profitable to rely on solid technical analysis rather than playing the chicken and egg game.

Technical analysis along with sentiment readings pegged a market bottom of the same degree at S&P 1,259 - 1,245. That was the opinion of the ETF Profit Strategy Newsletter on June 15 (one day before the 1,258 bottom):

'The 200-day SMA at 1,257 is sandwiched between the 1,255 Fibonacci projection level dating back to 2002 and this week's s1 at 1,259. Wednesday's low was at 1,261.9. If this low is not enough, there is a strong cluster of support at 1,259 - 1,245. A drop into the 1,259 - 1,245 range would prompt us to close out short positions and leg into long positions' (long positions were closed out at S&P 1,345 on July 7).

There was no fundamental good news on June 15 or 16. Some of the headlines featured on June 15 were:

'Is the bull market over? A look at four different sentiment measures suggests that more pain may await investors.' - Barrons

'Greek default could trigger chain reaction' - AP

'Confidence is eroding among U.S. factories, consumers' – Bloomberg …’

Fed Keeping Market Afloat: QE Rally Not Sustainable http://regator.com/p/252365030/fed_keeping_market_afloat_qe_rally_not_sustainable By Matthew Claassen

Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events that warns of phase II of the global crisis.

Once again I see all the “canaries in the mine,” which warned of the 2008 crisis. My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of how my  indicators successfully predicted the meltdown that occurred in the fall of 2008. This book is a guide for detecting the next crisis whenever it occurs.  History repeats, or at minimum, it rhymes.

My work shows that “the new recession has started.” The May 9 issue of the Wellington Letter was headlined:  “Return of the Double-Dip.”  At the time, economists were looking for a great economy in the second half. Now they talk about a “soft patch.”  Over the past 33 years, we have called the start of every recession, often on the exact month, or within one month, of the official start as determined one year later by the official arbiter of recession, the National Bureau of Economic Research (NBER).

How can we be in recession now when the GDP still shows growth? Because of improper inflation adjustments. “Real” GDP growth, the headline number, is nominal growth minus the rate of inflation. However, inflation is far understated for political reasons.

Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation, according to free market economists who calculate inflation as it was done in 1980 before the politician re-engineered it, is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction.

When the current euphoric earnings forecasts of Wall Street finally reflect that via significant “earnings downgrades,” the stock market will see a serious “adjustment” as well.

On July 18, Goldman Sachs (GS) substantially lowered its economic growth forecast. Marketwatch.com had this headline:  Goldman Sachs slashes Economic Forecasts. The next step will be for them to substantially reduce earnings forecasts for the S&P 500.

Will the phase II be as bad as the 2008 crisis? The last crisis was confined to the private sector, i.e. financial institutions. The next one will be involve the threatened default of entire countries. The last time, the central banks bailed out the financial firms and even Warren Buffett bailed out several firms. Who is big enough to bail out entire countries? Or will the term of “too big to fail” turn to “too big to bail?”

Bert Dohmen is editor of the Wellington Letter and author of Financial Apocalypse.’

Retail Sales: The "Real" Consumer Remains in a Recession Doug Short Read more: http://www.businessinsider.com/author/doug-short#ixzz1TAkuAIOK

3 Top Crooks Still Roaming Free After the Economic Crash Wall St. Cheat Sheet July 25, 2011, The global economy and stock markets took a nose dive in 2008. But that hasn’t stopped some of the biggest masterminds from escaping a day of luxury.

Here are three financial crooks who are probably sipping daiquiris in Capri at our expense:

Lehman Brothers CEO Richard S. Fuld, Jr.

Few executives were as intimately and extensively involved in the downfall of their firms as Dick Fuld . At the time of the financial collapse, Fuld had worked for Lehman Brothers for nearly 40 years, and had been the firm’s chief executive since 1994. In that role, not only was he the longest-tenured CEO on Wall Street at the time of the financial crisis, but he was considered one of the best. He was named Institutional Investor magazine’s top chief executive in the private sector in 2006. The following year, he was paid more than $21 million in cash and stock on top of his base salary of $750,000 a year after the bank’s net profit rose 5% to a record $4.2 billion. And as recently as March 2008, Barron’s listed him on their list of the 30 best CEOs, referring to him as “Mr. Wall Street”.

When the financial crisis hit, Fuld was one of the few executives to hold onto his position. He counted himself responsible for the company, but didn’t realize just how much real estate loans and other toxic assets were weighing on his balance sheet. Instead, he remained confident in the firm that he helped grow from a negative profit in 1993. His hubris can somewhat be understood, given the firm hadn’t reported a single quarterly loss since it went public. But Fuld was wrong. He overestimated the value of his firm, rejecting offers that could have saved it from collapse because they didn’t adequately reflect what he felt the firm was worth.

We know that sub-prime mortgages were almost solely responsible for the financial crisis, and a large part of the Wall Street’s fourth-largest investment bank’s worth was held in its mortgage business, where mortgages were re-packaged and sold to other investors, often for more than they were really worth. In fact, Lehman was the top U.S. underwriter of mortgage bonds in 2006 and 2007, accounting for roughly 10% of the market. As CEO, Fuld was responsible for buying those assets, which ultimately became toxic and impossible to unload. But whether or not Fuld can be held wholly responsible for the firm’s loan practices, he can be held responsible for the firm’s bankruptcy. As late as August 2008, after many CEOs had already been forced to resign, he rejected an offer by state-run Korea Development Bank to buy a 25% stake in Lehman for $4 billion to $6 billion.

There’s no question that the firm Fuld helped build, that he’d been a part of since 1969, where he held the top position for 14 years, was criminally responsible for the financial crisis. In fact, it may be the most culpable, given the sheer volume of sub-prime mortgages underwritten by Lehman in the years leading up to the market collapse. On September 15, Lehman became the largest firm to file for bankruptcy in history, dealing a devastating blow to an already fragile financial system. A few weeks later, Fuld was summoned to appear before Congress as part of an inquisition. He was also investigated by three United States Attorneys offices in New York and New Jersey. But ultimately Fuld walked away from Lehman Brothers having pocketed nearly $500 million just in his last six years with the firm, years during which Lehman’s sub-prime mortgage practice was contributing to what would ultimately cost taxpayers $700 billion in a government-issued bank bailout program. Fuld was never charged with or convicted of any crimes.

AIG Financial Products CEO Joseph J. Cassano

As a founding member and head of AIG Financial Products, Joe Cassano was responsible for selling hundreds of billions of dollars worth of credit protection in the form of credit-default swaps (CDS) on U.S. sub-prime mortgages, a form of insurance that didn’t require that AIG put down any form of collateral. So when the financial crisis hit in 2008 and investment banks requested the insurance money for their collapsing derivatives, AIG was unable to pay what was owed and ultimately had to be bailed out by the government, receiving about $170 billion in taxpayer money.

Cassano resigned from his position at AIG FP in March 2008, having pocketed $280 million in cash and an additional $34 in bonuses. He even managed a $1 million-a-month retirement package that kept him on at AIG as a “consultant”. Cassano even went on record denying any fault on the part of AIG, saying,

“We believed until late 2005 that banks and other mortgage originators were applying appropriate standards when writing mortgages. When we recognized — well before many others — that changes in the mortgage market likely presented increased risk for future deals, we decided to exit the subprime business. We thought the decision was appropriate, despite the lost profits at the time. With hindsight, the decision looks even more prudent.”

Cassano went so far as to blame the bailout for losses on CDS contracts, saying there would have been few, if any, had they not been unwound by the bailout. Testifying before the Financial Crisis Inquiry Commission, Cassano fully defended his firm’s CDS practices, outlining the careful approval and monitoring system that, “specifically identified risk factors and provided an analysis of those risks.” Cassano insisted that AIG had not miscalculated the risks of sub-prime mortgages.

However, Cassano was directly responsible for AIG’s credit-default swaps program that put the firm’s many clients, including Goldman Sachs, in danger when it was unable to pay out on insurance claims. He essentially sold billions of dollars worth of vapor — he failed to provide what had been paid for by the firm’s clients. That sounds remarkably like fraud, the grounds upon which many investors have filed suit against Cassano. In fact, regulators in both the U.S. and the U.K. investigated Cassano’s acts to determine whether they had been criminal. But like just about every executive responsible for the financial crisis, Cassano was not ultimately charged with any wrongdoing, and remains a free man.

Countrywide Financial Chairman and CEO Angelo Mozilo

Ranked second by Condé Nast Portfolio on their list of the “Worst American CEOs of All Time”, Angelo Mozilo was charged in 2009 of insider trading and securities fraud by the U.S. Securities and Exchange Commission. Mozilo personally sold hundreds of millions of dollars in stock while using shareholder funds to buy back stock to support the share price. He is also responsible for what has been termed the “Friends of Angelo” VIP program under which several influential lawmakers, including Senate Banking Committee Chairman Christopher Dodd, as well as many Fannie Mae employees and other “Friends of Angelo”, received discounted mortgages.

However, Mozilo was allowed to settle with the SEC on all charges. He agreed to pay $67.5 million in fines, the most ever exacted from an individual in connection with the 2008 financial crisis, and he was banned from ever serving as an officer or director of any other public company. Robert Khuzami, director of the SEC’s Division of Enforcement, said that “Mozilo’s record penalty is the fitting outcome for a corporate executive who deliberately disregarded his duties to investors by concealing what he saw from inside the executive suite.” But in settling, Mozilo was able to avoid a trial and any subsequent criminal charges, and was not required to acknowledge any wrongdoing.

Mozilo’s net worth has been estimated at roughly $600 million. And because of the indemnification agreement in his contract with Countrywide, the firm was responsible for paying roughly one-third of his fines, leaving Mozilo with a bill of $47.5 million — that’s less than 10% of his worth. Aside from Bernie Madoff, the only executive tied to the financial crisis to be criminally prosecuted and convicted, Mozilo’s settlement is the greatest punishment inflicted on any executive responsible for the country’s economic collapse, and falls desperately short of true justice.’

Debt, Deficits and the Demise of the American Economy' - Author Peter Tanous Discusses Risk

US Equities Forecast and the Anticipated Path of the Market at Minyanville Peter Prudden July 25, 2011 ‘… the headline risk remains to the downside and the bogey to lower equity prices in the short to intermediate term is concentrated on the U.S. Debt ceiling. At some point, not only must all developed economies deal with marking down to the level of income, but we must restructure large amounts of excess leverage. Until we accomplish this, growth will be problematic…’

Putin says U.S. is "parasite" on global economy [Unfortunately, this is very true. More unfortunately is the fact that most worldwide don’t realize that fact! I mean, think about it: pervasively corrupt, defacto bankrupt america’s cancerous perma wars, over-printed debased ‘Weimar’ paper ‘reserve’ currency, huge frauds in securities and otherwise, etc.. ]

3 Reasons Why This Summer Could Get Ugly Simon Maierhofer, July 29, 2011 [ Well, before getting to the article, we all know why: because … ‘Sell in May, and go away!’ … Quite simple, as previously set forth here and elsewhere, you should have ‘sold in May, and went away!’ Why? Because … as Rosanne Rosanna Danna formerly of SNL fame and as her mama always used to say, ‘it’s always somethin’’ … but unfortunately, that somethin’ is not necessarily what they say it is. ] ‘It seems like the European Union and U.S. government are stuck in a never ending game of Whac-A-Mole. It seems like more moles are popping up more quickly, needing more force to be subdued (ironically the moles come back just as the problems do)…’

Mapping the Myths of the U.S. Economy - Stacy Curtin ‘In The Real State of America Atlas: Mapping the Myths and Truths of the United States, authors Cynthia Enloe and Joni Seager paint a vivid picture of life in the U.S., using a series of charts, graphics and short essays that cover almost every aspect of the nation's economy and society as a whole.

Not only do they give state-by-state comparisons, they show how the U.S. measures up to the rest of the world in areas such as health care, housing and defense. But while analyzing what it's really like to live in the U.S. today, they also uncovered a few "myths and truths" as the title of the book suggests.

Enloe and Seager joined The Daily Ticker's Aaron Task to share three of the most surprising misconceptions they uncovered.

#1 Land of Homeowners

The dream of owning a home is actually more the reality in other countries. In the book, the authors point to the most recent data, which show only 68% of Americans owned their home in 2002, compared with 92% in Hungry, 84% in Mexico, 72% in the U.K. and 71% in Australia.

"One of the things that is a cherished notion about America is we are a nation of homeowners, and homeownership has long been seen as kind of the bedrock of the American dream," says Seager. "I think the current economic crisis and the housing crisis is really shaking that American cherished view of ourselves as having easy access to homeownership."

This is evident in another stat laid out in the book, which shows 83% of people agreed that buying a home was a safe investment in 2003, compared with 70% in 2010. (See: Why I Am Never Going to Own a Home Again) { Home ownership hits lowest level since 1965 NEW YORK (CNNMoney) Les Christie August 5, 2011 As the foreclosure crisis continues to wreak havoc on the housing market, a source of national pride has taken a sour turn. Home ownership is on the decline and, according to a recent Morgan Stanley report…’ }

#2 Land of Opportunity

Just like the ideal of owning a home, opportunity in this country is now also on the brink.

"Opportunity in this country means a chance for an education … [and] a chance for a decent job that allows you to have a decent life," says Enloe, who points to two key factors that hinder people making it here in America.

The cost of a college education continues to rise year after year.

The unemployment rate remains high at 9.2%, but it doesn't factor in the millions of "underemployed" workers -- those who are currently working part-time but would like full-time work -- and discouraged workers who have tired of looking for a job and have just dropped out of the job market.

#3 Land of Givers

While the U.S. does give more money in foreign aid than any other country in the world, as a percentage of GDP it falls way behind many other nations.

Whereas Sweden gives almost 1% of its GDP in 2008, the U.S. gave 0.19%.

"I think it really should shake Americans' self-perception of two things," says Enloe. "[One] is cutting foreign aid actually the ticket to balancing the budget, but also how do we shape up compared to other countries' generosity?" ’

Debt Deal Is A Blank Check at Forbes

U.S. Economic Pessimism Grows - Stacy Curtin ‘While Democrats and Republicans were arguing over how to prevent the U.S. from a default, families across the country have become increasingly concerned about the overall state of the economy, according to the American Enterprise Institute's latest compilation of recent polls taken in various regions.

Friday's worse than expected GDP numbers only reaffirm this notion. The U.S. economy grew less than expected in the second quarter at 1.3%, but the bigger shock came after Q1 GDP was revised down to 0.4% from 1.9%. These numbers suggest the country could be headed for another recession and Americans are definitely feeling the pain. (See: 2011 Is Proving to Be a Horrible Year For the Economy)

One of the most disconcerting findings in the AEI report is a CBS/New York Times poll from June. It showed that over the last year, more Americans have come to believe the current economic downturn is part of a long-term permanent decline and that the economy will never fully recover. In October 2010, 28% of respondents agreed with that statement, versus 39% last month.

"Americans are so pessimistic about the economy now ... . And the level of public pessimism is actually higher than the deep 1981-82 recession overall," due to grim personal outlooks on a number of issues like jobs, retirement and health care, says Karlyn Bowman, a senior fellow at AEI who co-authored the report. "Their negative sentiments are affecting the way they feel about their family's future, and interestingly, the way they feel about their state governments. Usually negative attitudes about the national government don't seep into attitudes about the state government, but this time it is really different. This negative, gloomy mood is pervasive.

Speaker of the House John Boehner echoed these concerns Thursday before one of the many failed House votes to raise the country's debt ceiling. "This is a challenging time for our country," he said. "Americans are worried about their jobs. They're worried about our economy. And they're worried about our debt."

Since the polls in the report were conducted before the debt-ceiling debate really began heating up over the last few weeks, one might conclude that if the same questions were asked today the responses would be even more pessimistic.

Here are other key findings from the AEI report:

Job anxiety: In the past six months, about 5% of Americans surveyed had lost their job, two in 10 said a family member had lost a job, and six in 10 knew someone who lost a job.

In June 2011, 58 percent were very or somewhat worried they could lose a job in the next 12 months. Nearly eight in 10 say jobs are difficult to find where they live. Around a quarter are worried about benefit or pay cuts.

Cutting back: Americans are cutting back on everything from health care to haircuts. Fewer than four in 10 say their personal financial situation is in excellent or good shape right now. Almost as many people say they are falling behind as believe they are getting ahead, but the vast majority describe their financial situation as having just enough money to maintain their standard of living. Inflation worries are high and steady.

Retirement: There's been a dramatic drop in the number of Americans who say they have enough money to retire. In 2002, around six in 10 believed they would have enough money. In the latest survey by Gallup in April, only about four in 10 say they will.’

10 Reasons We Are Heading for a Recession

USAGOLD RoundTable: Debt Ceiling “Resolution” – EU Sovereign Debt Crisis Aug 3rd, 2011 15:53 by News We’re pleased to present our latest RoundTable video discussion with our staff experts George Cooper, Peter Grant and Jonathan Kosares {Immediate access here} Excerpt: Now that the debt ceiling debate is over, and the dust is settling, the market is beginning to get a picture of what, if anything, was accomplished, and can be expected moving forward. The $2 trillion in cuts over ten years amounts to a small dent in our annual deficit, suggesting that the U.S. will continue to increase its debt to GDP ratio over the coming decade. The cuts suggested will merely slow, not reverse, this trend. In the end, this debt deal is nothing more than a giant kick of the can down the road, and a short road at that. The hike to the debt ceiling looks to only buy about six months, so this issue is set to be revisited next year. The market has digested this “resolution” as such, and gold has responded sharply higher, rising $60 in two days. The DOW meanwhile has come under significant pressure, shedding over 800 points in a week. Things across the pond are not looking any better. The credit facility set up by the ECB is insufficient at best, and contagion remains an enormous risk. Spreads on sovereign debt in Italy, Spain, Greece, Portugal and Ireland are at or near all time highs. As talks of dramatically expanding the credit facility heat up, we’re left to wonder if its even possible for Europe to “go big enough” to calm market jitters. With Peter Grant, George Cooper, and Jonathan Kosares. (24 min) The Daily Market Report Aug 1st, 2011 12:01 by PG Relief? What Relief? http://www.usagold.com/cpmforum Late last night when party leaders and the President announced that they had reached a bipartisan deal that would allow the debt ceiling to be raised, gold dropped about 1%. Global stocks rallied in relief and briefly, ever so briefly, gold was out of favor. However, as the details were revealed, doubts were reignited: Doubts as to whether such legislation could actually make it to the President’s desk. Doubts that the deal would avert a downgrade of US sovereign debt.While the CBO scores the package as accomplishing $2.1 trillion in spending cuts over the next 10-years, the CBO baseline also has the deficit rising $6.7 trillion over the same period. The premise apparently being that we’re working our way to actual cutting by cutting to slow the pace of the nation’s proliferate spending. In actuality — and as evidenced below — that CBO baseline may prove to be way too optimistic.What really lit an intraday fire under gold today was the big miss on US July ISM, which plunged to 50.9. The market was expecting a modest downtick to 55.0 from 55.3 in June. On the heals of last week’s much weaker than expected quarterly GDP data, it has become abundantly apparent that the US economy has slowed to just above stall-speed. David Rosenberg, chief economist at Gluskin Sheff and Associates, noted last week that once the economy slows to a growth rate of 1.6% it has proven historically to be a “point of no return” and recession follows. With Q1 downgraded to just 0.36% and Q2 an anemic 1.3% — and likely subject to future negative revision as well — the writing may well be on the wall.The debt deal is a short-term kick of the can that at least initially focuses on spending cuts. However, with no mitigation of the uncertainties that have kept private capital sidelined for the past two-years of the so-called recovery, there is little reason to think that a more robust economy is just around the corner. In fact, the opposite may be true. That realization, tipped in by the ISM data, has further escalated the QE3 talk, which prompted gold to retest the record high set Friday at 1632.39. Relief? What relief?If we get another negative surprise on Friday when July nonfarm payrolls comes out, as the ISM employment index suggests we might, the QE3 talk will intensify ever more in the weeks ahead of the Fed’s Jackson Hole summit. Consensus on July payrolls are running around +100k, although we could see some tempering of those expectations in light of the ISM data.Even with the announcement of the debt ceiling deal, the dollar remains on the ropes, falling to new record lows against the Swiss franc and the yen. If this deal makes it through both Houses of Congress and is signed by the President, it is just another kick of the can — and a very short one at that — down the road. And with the specter of yet another round of quantitative easing hanging over the market, there is little incentive to buy dollars. Now the BoJ is once again contemplating direct intervention in the market, as I suspect the SNB is. If there are concerted efforts to slow the rise of these currencies, it may make gold an even more alluring option.’

S&P downgrades US credit rating from AAA The United States has lost its sterling credit rating from Standard & Poor's.

U.S. triple-A debt rating cut by Standard & Poor’s Aug 5, 2011 The United States late Friday lost its triple-A debt rating from Standard & Poor’s for the first tie ...

Text of S&P downgrade of U.S. rating 06 Aug 2011 The following is the text of Standard & Poor’s downgrade of the United States. ...

S&P Shocks the U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat Sheet August 5, 2011,

‘Standard & Poor’s is out with an official downgrade of the U.S. credit rating:

• We have lowered our long-term sovereign credit rating on the United States of America to ‘AA+’ from ‘AAA’ and affirmed the ‘A-1+’ short-term rating.

• We have also removed both the short- and long-term ratings from CreditWatch negative.

• The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics.

• More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned when we assigned a negative outlook to the rating on April 18, 2011.

• Since then, we have changed our view of the difficulties in bridging the gulf between the political parties over fiscal policy, which makes us pessimistic about the capacity of Congress and the Administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government’s debt dynamics any time soon.

• The outlook on the long-term rating is negative. We could lower the long-term rating to ‘AA’ within the next two years if we see that less reduction in spending than agreed to, higher interest rates, or new fiscal pressures during the period result in a higher general government debt trajectory than we currently assume in our base case.

Investing Insights: Is the Debt Ceiling Raise Bullish for Gold?’

13 Reasons Why The U.S. Is Now OFFICIALLY BANKRUPT Daily Bail | Stop the budget lies; there are NO cuts. House passes bill to INCREASE spending by $7 trillion over the next 10 years. ATTENTION IDIOTS IN THE MAINSTREAM MEDIA – Stop The Budget Lies – There Are NO Cuts – House Passes Bill To INCREASE Spending By $7 Trillion Over The Next 10 Years

Lies, Damn Lies And Government Budgets

I am so pissed off by the misreporting I could spit Ken Lewis hairballs.

#1) Corporate journalists and financial pundits know NOTHING about budgets.

#2) The Boehner led House passed legislation this evening that INCREASES spending by $7 TRILLION over the next ten years versus a baseline budget that would have increased spending by $9.5 TRILLION over the same period.

#3) CBO said today that LESS than 2% of the decrease in the GROWTH of spending will come before the 2012 elections. The remainder come after the election.

#4) Defense and war machine spending will grow at 3% per year instead of 4% per year.

#5) This was nothing but an agreement to agree at a later date to look for reductions in planned spending GROWTH.

#6) A Super Congress will decide on a mix of tax increases and reductions in planned spending growth to meet the targets at a later date.

#7) No one in Congress even considered Ron Paul’s simple plan, now endorsed by Time Magazine as well as liberal economist Dean Baker, to wipe out $1.6 trillion in fake debt owned by the Federal Reserve. Debt that we owe to ourselves, that is entirely legal to wipe away.

#8.) CBO says under this plan, the national debt will INCREASE from $14.4 TRILLION currently to more than $25 TRILLION over the next 10 years.

#9) The assumption for #8 above assumes the economy grows at 3% per year over the next 10 years, and that Treasury interest rates stay at historic lows. When rates increase, and bet your life that they will, interest on the debt will increase and so will annual deficits, leading to a national debt much higher than the $25 TRILLION that CBO estimates.

#10) Regarding Treasury rates and interest on the debt, get educated about a concept called ‘DURATION RISK.’ Turbo Geithner and his MENSA bed-fellows at Treasury have chosen to finance the great majority of recent and future borrowing in short-term bills, which means that they have to be rolled over frequently. This is perhaps the least-discussed and most dangerous issue related to Treasury debt.

#11) If S&P or Moody’s has the sack to downgrade the U.S. AAA rating, a Sovereign CDS default will be triggered and Global Financial Armageddon will be unleashed.

#12) The bill passed by Boehner tonight was the BEST they could do after 6 weeks of fighting.

#13) Due to #12, the United States is officially f*cked.

Thank you and good night.’

US Closer to ‘Junk Bond’ Status Than Triple-A: Bove Aug 9th, 2011 14:41 by News August 9 (CNBC) — ‘ “You’ve got a company which is losing about $1.4 trillion this year, probably will lose somewhere around a trillion dollars over the next couple of years. It owes $14.4 trillion (and) over the next five years that will get up to $20 trillion,” the Rochdale Securities analyst said.“So there’s no likelihood whatsoever that this particular company is able to pay down from its own resources the amount of debt that it has, nor is there any likelihood that it’s going to get rid of its deficit,” he added. “If that was a real company, of course, that would be a junk bond.”“I still would expect to see a thousand-point down day at some point in this market as people come to realize there has been a complete change in the financial structure of the world,” he said’

If U.S. Slides Into Recession, S&P 500 Could Drop To 830 at Forbes [The pervasively corrupt, defacto bankrupt u.s. is already in recession (actually worse)! Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events that warns of phase II of the global crisis… My work shows that “the new recession has started.”… Over the past 33 years, we have called the start of every recession, often on the exact month, or within one month, of the official start as determined one year later by the official arbiter of recession, the National Bureau of Economic Research (NBER)… However, inflation is far understated for political reasons. Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation, according to free market economists who calculate inflation as it was done in 1980 before the politician re-engineered it, is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’FLASHBACK HERE: Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ]

3 Ring Circus: Geithner, Buffett, and Obama Wall St. Cheat Sheet ‘…Treasury Secretary Tim Geithner , who said last April that there was no risk the U.S. could loose its AAA credit rating, voiced his thoughts on the downgrade.  He said, “ They’ve handled themselves very poorly, and they’ve shown a stunning lack of knowledge about the basic U.S. fiscal budget math.”  What exactly are they misunderstanding? The U.S. is the largest debtor nation in the world, and spending outlays vastly outnumber revenue.  Geithner went on to say that U.S. bonds were just as safe after the downgrade as before, and predicted that China and investors would remain strong buyers of government debt.On Monday morning, with stock futures heading sharply lower, Warren Buffett tried to inject confidence into the financial markets.  Buffett explained that he believes the U.S. debt is still rated AAA, and the downgrade does not change his mind about government debt.  In fact, the legendary investor holds $47 billion in cash and equivalents as of June 30th.  He said, “ If I have to buy Treasuries at zero percent yield, I will.”  At least the large cash hoard shows that Buffett puts his money where his mouth is.  However, one also has to wonder if Buffett’s shareholdings in Moody’s , a rival credit agency to S&P, has anything to do with his criticism of S&P.  To add fuel to the fire, S&P also cut Buffett’s Berkshire Hathaway outlook from stable to negative.Not to be outdone by Warren Buffett’s AAA endorsement, President Obama made a public announcement of his own on Monday.  Despite America’s financial hardship across the board, the President said, “ I’d give U.S. a quadruple-A rating.”  This was puzzling for many reasons ( besides the fact there is no quadruple-A rating).  America has a hard enough time keeping its AA+ or AAA rating, let alone achieving some pipe dream quadruple-A rating.  S&P may be the credit agency causing controversy now, but it’s not the only credit agency to downgrade America.  China’s credit rating agency Dagong ,  recently cut America’s debt rating from A+ to A, with a negative outlook.  Dagong had already cut America’s credit rating last November from AA to A+ after QE2 was announced.By the end of Monday, it was announced that the Senate banking committee had started a probe into the downgrade actions of S&P.  However, the damage is already done, confidence is broken in the markets.   Gold constantly reaching new highs is a clear example of this.  Perhaps the Senate banking committee should probe Fitch and Moody’s and investigate why they still have AAA ratings on U.S. debt?...’

Edwards says this has nothing to do with that downgrade http://ftalphaville.ft.com/blog/2011/08/09/648126/edwards-says-this-has-nothing-to-do-with-that-downgrade

Izabella Kaminska on Aug 09 2011

Thought the current turmoil was down to the downgrade of US debt? Wrong!

According to Societe Generale’s uber bear, Albert Edwards, this has absolutely nothing to do with S&P, the White House, Tea Party etc. It’s the economy stupid:

The simple fact is that the global economy is falling back into recession or indeed is already in recession. Equity markets were sliding before the downgrade and bond yields were reacting as one would have expected to the dire economic data. The S&P downgrade may have caused the breach of critical support levels of 1250 on the S&P, but anything could have caused that breach and triggered the technical rout. Expect some sort of retest of this neckline before the market ultimately meets its date with destiny.

Recent US GDP revisions revealed QE2 to be an abject failure as far as producing an economic recovery is concerned with dire 0.9% annualised growth reported in H1 2011. Yet to a man with a hammer, everything is a nail. Hence despite rising core inflation, there is certainly a level of economic and/or market pain to prompt QE3. But expect the real fireworks to occur when the adrenalin rush of QE3 wears off even quicker than QE2.

There are still some diehard ‘happy clappies’ out there who think we are going to avert recession and the markets will recover. Yet US GDP growth has now fallen below the wellknown 2% stall speed, below which the economy does not seem to be able to regain altitude but instead crashes directly into recession.

Which means it’s time to come to terms with the fact that recession 2.0 (or was it ever really a recovery?) is on its way whether you like it or not:

At the current (Q2) rate of 1.6% yoy GDP growth, my fellow bear (realist?), David Rosenberg at Gluskin Sheff, points out in the chart below that a US recession is almost certainly a done deal (never say certain, as in 1956, when recession was temporarily averted for all of nine months). But with this sort of record the onus is now on the optimists to demonstrate why on earth they still believe in a second-half recovery and growth in 2012.

Now, anyone who bought into the dulcet tones of the bullish brigrade is likely to do very badly. A fact which will come as hubris. In Edwards’ opinion if you were dumb enough to listen to that story, well… you reap what you sow:

And in the same way that a country is said to get the government it deserves, I believe the market gets the macro commentators it deserves: i.e. perpetually bullish analysts, taking no personal risk with their never-ending consensus chatter.

After all it was always pretty obvious what was going to happen.

It was just a question of when, rather than if:

Put into its proper Ice Age context, the events of the past decade are entirely explicable. As we see a short-lived economic recovery failing only two years into the cycle and a plunge back into recession, we remind investors that this was exactly the Ice Age template that Japan showed us. A fragile recovery undermined by private sector deleveraging collapses as a semi-bankrupt government tries to rein in runaway deficits.

What next? Well, it’s Ice Age 3.

Here’s how it goes and this is very much of the moment (especially if you are a London resident):

We are now entering the third phase of the Ice Age when another cyclical failure combines with a secular de-rating of equities and re-rating of government bonds. I and many others have been pointing out for a long time now the simple fact that the global economy has been living way beyond its means for years. A massive transfer of income to the very rich has occurred while middle class real incomes stagnated. The middle classes only tolerated this because Central Bankers created housing booms to keep the impoverished middle classes borrowing and spending to give them the illusion of prosperity and stop them from revolting.

I believe the Fed and Bank of England, in particular, were wholly complicit in this ‘daylight robbery’ (see link). These unsustainable private sector, debt mountains were transferred to the public sector in 2008 to prevent the adjustment to the depression-era reality that the debt unwind would undoubtedly have brought about. Yet, those debts are as unsustainable in the hands of the public sector as they were in the private sector.

Central bank polices haven’t changed though. Print and print and print. And if that doesn’t work, print some more. And as London burns, the point I have always made is that the US and UK are not like Japan in one very special way. Although Japan suffered a decade of pain it is a very homogenous, equal society. The UK and US are not. Some readers may not know that rioting and looting has broken out around London. While I hear the UK politicians denounce the looters as common criminals (which of course they are), I can’t help but think that Louis XVI in 1789 and Tsar Nicolas II in 1917 might have said the same thing.

Crikey,

Here comes the revolution. Prepare.’

Fed Move, Pavlovian Market Response: Reactions The Wall Street Journal  Mark Gongloff ‘Paul Krugman scoffs at the Fed-fueled rally:

The Fed didn’t announce a new policy. And despite what some press reports said, it didn’t even commit to keeping rates low; all it did was say that if the economy stays weak, rates will stay low — well, duh — and that it might think about doing other stuff one of these days.

Durden is amazed:

Following a 600 point plunge in the DJIA yesterday, today we see a 400 point surge following the presentation of the weak case of the expected Bernanke Put. And completing the amazement, the 10 Year bond, moved to almost record lows, and then retraced virtually the entire move, as nobody knows what central planning has in store for America any longer. Additionally, after being up 50%, VIX is now down 22%. Congratulations Ben: in taking central planning to n^th double-down levels, you have now broken not only the stock, but the bond market as well…’

Faber's Pessimism on the U.S. Downgrade 08/09/2011 By EconMatters: Markets saw the worst day since the 2008 financial crisis on Monday, August 8th, the first trading day since Standard & Poor's downgraded the United States' credit rating. Under the weight of a possible twin crisis in Europe and in the U.S., Dow Jones industrial plunged 634 points. Stocks have lost 15% of their value in just two and a half weeks. On a day like this, who else other than Marc Faber, publisher of the Gloom, Boom & Doom report, would be more appropriate to appear on Bloomberg to talk about the aftermath of the U.S. debt downgrade... Faber indicates a bear market already started on May 2, 2011…’

The 10 Most Indebted Governments in the World http://wallstcheatsheet.com/stocks/the-10-most-indebted-governments-in-the-world.html ‘…Coming in first place is Japan (NYSE:EWJ), with a whopping $13.795 trillion in debt, just short of the the $14.27 trillion in debt the U.S. carries .. Coming in second against Japan in terms of its debt-to-GDP ratio is Greece, where debt is a relatively low 139% of GDPHot Feature: Who Owns U.S. Debt? Following Greece on the list is Italy (NYSE:EWI), then Iceland, Belgium, Ireland, and the U.S. So why isn’t Japan enduring the same kind of financial crisis that so many countries with significantly less debt are currently facing? The answer is simple: Japan owes most of its debt to itself. In comparison, the U.S. owes about 30% of its debt to foreign investors, with China (NYSE:FXI) holding $1.1 billion in U.S. debt, more than any other country…’

Fear Index VIX Up 50%, And In Backwardation, Confirms Fully Fledged Bear Market Volatility slapped markets in the face on Monday, surging 50% in its biggest one-day move since February 2007.  Furthermore, the whole VIX futures curve has been inverted and is in backwardation, indi...

The Entire World Is Going Bear Market Business Insider | A scary aspect of this selloff: There’s nowhere safe.

8 More Reasons Why You Should Be Deeply Concerned That The U.S. Government Has Lost Its AAA Credit Rating The Economic Collapse | Are you ready for part two of the global financial collapse? When we examine this “deal” that way, what does it look like? The Economic Collapse Aug 9, 2011 ‘Are you ready for part two of the global financial collapse?  Many now fear that we may be on the verge of a repeat of 2008 after the events of the last several days.  On Friday, Standard & Poor’s stripped the U.S. government of its AAA credit rating for the first time in history.  World financial markets had been anticipating a potential downgrade, but that still didn’t stop panic from ensuing as this week began.  On Monday, the Dow Jones Industrial Average dropped 634.76 points, which represented a 5.5 percent plunge.  It was the largest one day point decline and the largest one day percentage decline since December 1, 2008.  Overall, stocks have fallen by about 15 percent over the past two weeks.  When Standard & Poor’s downgraded long-term U.S. government debt from AAA to AA+, it was just one more indication that faith in the U.S. financial system is faltering.  Previously, U.S. government debt had a AAA rating from S&P continuously since 1941, but now that streak is over.   Nobody is quite sure what comes next.  We truly are in unprecedented territory.  But one thing is for sure – there is a lot of fear in the air right now.So exactly what caused S&P to downgrade U.S. government debt?Well, it was the debt ceiling deal that broke the camel’s back.According to S&P, the debt ceiling deal “falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics.”As I have written about previously, the debt ceiling deal was a complete and total joke, and S&P realized this.Forget all of the huge figures that the mainstream media has been throwing at you concerning this debt ceiling deal.  The only numbers that matter are for what happens before the next election.The only way that the current debt ceiling deal will last beyond the 2012 election is if Obama is still president, the Democrats still control the Senate and the Republicans still control the House.  If any of those things change, this deal ceiling deal is dead as soon as the election is over.Even if all of those things remain the same, there is still a very good chance that we would see dramatic changes to the deal after the next election.So in evaluating this “deal”, the important thing is to look at what is going to happen prior to the 2012 election.Well, Barack Obama and the Democrats get the debt ceiling raised by over 2 trillion dollars and will not have to worry about it again until after the 2012 election.The Republicans get 25 billion dollars in “savings” from spending increases that will be cancelled.The “Super Congress” that is supposed to be coming up with the second phase of the plan may propose some additional “spending cuts” that would go into effect before the 2012 election, but that seems unlikely.So in the final analysis, the Democrats won the debt ceiling battle by a landslide.25 billion dollars is not even 1 percent of the federal budget.  The U.S. national debt continues to spiral wildly out of control, and our politicians could not even cut the budget by one percent.Somehow our politicians believed that the rest of the world would be convinced that they were serious about cutting the budget, but it turns out that global financial markets are tired of getting fooled.It has gotten to the point where now even the big credit rating agencies are being forced to do something.  Not that they really have much credibility left.  Everyone still remembers all of those AAA-rated mortgage-backed securities that imploded during the last financial crisis.  The reality is that the big credit rating agencies are a bad joke at this point.Several smaller credit rating agencies have already significantly slashed the credit rating of the U.S. government.  But a lot of pressure had been put on the “big three” to keep them in line.But now things have gotten so ridiculous that S&P felt forced to make a move.Sadly, our politicians are still trying to maintain the charade that everything is okay.  Barack Obama says that financial markets “still believe our credit is AAA and the world’s investors agree”.Once again, Barack Obama is dead wrong.The truth is that the credit rating for the U.S. government should have been slashed significantly a long time ago.  This move by S&P was way, way overdue.Moody’s might be the next one to issue a downgrade.  At the moment, Moody’s says that it will not be downgrading U.S. debt for now, but Moody’s also says that it has serious doubts about the enforceability of the “budget cuts” in the debt ceiling deal.This crisis is just beginning.  It is going to play out over time, and it is going to be very messy.The following are 8 more reasons why you should be deeply concerned that the U.S. government has lost its AAA credit rating….

#1 The U.S. dollar and U.S. government debt are at the very heart of the global financial system.  This credit rating downgrade just doesn’t affect the United States – it literally shakes the financial foundations of the entire world.

#2 As the stock market crashes, investors are flocking to U.S. Treasuries right now.  However, once the current panic is over the U.S. could be faced with increased borrowing costs.  The credit rating downgrade is a signal to investors that they should be receiving a higher rate of return for investing in U.S. government debt.  If interest rates on U.S. government debt do end up going up, that is going to make it more expensive for the U.S. government to borrow money.  The higher interest on the national debt goes, the more difficult it is going to become to balance the budget.

#3 We could literally see hundreds of other credit rating downgrades now that long-term U.S. government debt has been downgraded.  For example, S&P has already slashed the credit ratings of Fannie Mae and Freddie Mac from AAA to AA+.  S&P has also already begun to downgrade the credit ratings of states and municipalities.  Nobody is quite sure when we are going to see the dominoes stop falling, and this is not going to be a good thing for the U.S. economy.

#4 10-year U.S. Treasuries are the basis for a whole lot of other interest rates throughout our economy.  If we see the rate for 10-year U.S. Treasuries go up significantly, it will suddenly become a lot more expensive to get a car loan or a home loan.

#5 The current financial panic caused by this downgrade is hitting financial stocks really hard.  The big banks led the decline back in 2008, and it looks like it might be happening again.  Just check out what CNN says happened to financial stocks on Monday….

Financial stocks were among the hardest hit, with Bank of America (BAC, Fortune 500) plunging 20%, and Citigroup (C, Fortune 500) and Morgan Stanley (MS, Fortune 500) dropped roughly 15%.

#6 China is freaking out. China’s official news agency says that China “has every right now to demand the United States to address its structural debt problems and ensure the safety of China’s dollar assets”.  If China starts dumping U.S. government debt that would make things a lot worse.

#7 There are already calls for the Federal Reserve to step in and do something.  If the U.S. economy drops into another recession, will we see more quantitative easing?  It seems like we have reached a point where the Fed is constantly in “emergency mode”.

#8 The U.S. national debt continues to get worse by the day.  Just check out what economics professor Laurence J. Kotlikoff recently told NPR….

“If you add up all the promises that have been made for spending obligations, including defense expenditures, and you subtract all the taxes that we expect to collect, the difference is $211 trillion. That’s the fiscal gap”

Dick Cheney once said that “deficits don’t matter”, but the truth is that all of the debt we have been piling up for decades is now catching up with us.The United States is in such a huge amount of financial trouble that it is hard to put into words.  The days of easy borrowing for the U.S government are starting to come to an end.  We have been living in the greatest debt bubble in the history of the world, and it has fueled a tremendous amount of “prosperity”, but now the party is ending.

A whole lot of financial pain is on the horizon.  Please prepare for the hard times that are coming.’

Don't Fall For The Market's Head Fakes at Forbes David Trainer ‘The market decline experienced thus far is closer to its beginning rather than its end. Tuesday’s refreshing market rise was likely just a flash in the pan.

There is nothing that politicians or regulators can do to prevent the natural price discovery that is critical to the long-term health of our capitalist system.

The market needs to go down again before it can sustain any future rise.

We simply must deal with the loads of toxic and mis-allocated capital that our profligate society has created over the past 20+ years.

Allow me to explain how we got ourselves in this situation. The figure below highlights the three successive stock market bubbles in just over 10 years. Compare the size of these bubbles and the rise in stock prices over the last 25 years compared to the prior 65 years. A simple trendline further accentuates just how much stock prices have appreciated compared to historical trends.

Figure 1: Historically Enormous Stock Market Bubbles Keep Coming Back

http://blog.newconstructs.com/wp-content/uploads/2011/08/figure1.jpg

Sources:   New Constructs, LLC and Ibbotson Ibbotson, 2010 Ibbotson Stocks, Bonds, Bills and Inflation Valuation Yearbook, (Chicago: Morning Star, 2008), 228–229. *Large Cap Stocks as defined by Ibbotson are the best comparison for the S&P 500, which did not exist as it does today in 1926.

I am not suggesting that stock prices should revert to the long-term trendline. I fully appreciate the accelerating pace of innovation realized by our society and its impact on standards of living and improved utilization of resources.

There is no question that we live in unprecedented times of prosperity and wealth creation. And technology holds great promise for the future achievement of mankind and will drive improvement in the standards of living around the world.

The problem is that we have gotten ahead of ourselves. By how much, I am not sure. But I am sure that we are due a (lasting) correction in the stock market, and the longer that correction is put off, the more painful it will be.

To illustrate, let’s review what drove the last two market bubbles.

Tech bubble – irrational exuberance about the value in tech stocks combined with rather loose monetary policy pushed stocks and capital flows to ridiculously high levels

Housing bubble – lax lending standards, unscrupulous bankers, conflicted regulators, a bottomless appetite for consumer spending and a seemingly infinite amount of cheap money to finance consumption.

Now, let’s review what happened after these bubbles burst.

After the tech bubble: monetary policy remained highly accommodative and government stimulus was aplenty

After the housing bubble: monetary policy remained highly accommodative and government stimulus was aplenty

See the response pattern? See how it affected the markets?

It is as if the bubbles never burst. Game back on. Like a high-school party, the music stops and everyone is quiet when the cops show up. Someone convinces the cops that nothing unscrupulous is going on and all will be calm and quiet. Then, as soon as the cop car is out of sight, the music gets turned back on and the party goes harder.

What will be the response to the third bubble that is forming?

That is the question that I think the market is finally facing. The answer is not the same as before.

The government has run out of stimulus and policy bullets.

Really, what else can politicians and regulators do to engineer a soft landing, or should I say, another bubble.

Figure 1 shows that we never really landed. We rocketed from one bubble to the next.

Let’s take a look at the options available via the two main forces for stimulating economic recovery:

Fiscal policy – given the federal, state and municipal debt and budget problems, another round of stimulus spending or another TARP-like program is probably not in the cards. The funds are simply not available. Not to mention, I do not think another bailout plan would go over very well with tax-payers.

Monetary policy – here we have three potential options.

Lower rates – can they go any lower? The answer is not meaningfully lower unless the Federal Reserve wants negative nominal rates. In addition, low interest rates undermine long-term economic growth potential.

Extend QE2 to QE3 – given that the point of QE2 was to keep interest rates, especially mortgage rates low, I do not think additional quantitative easing in the form taken so far would have much if any impact on rates given how lower they already are. Moreover, driving oil and other commodity prices higher by further undermining the value of the dollar is not exactly conducive to growth.

A new type of QE3 – suppose the Fed were to purchase large amounts of assets other than treasuries such as foreclosed homes. I think that action would likely spook investors because it would signal that the carrying value of those homes were too high. Otherwise, private investors would have already bought them for their own portfolios. And bank stocks would sink as investors realize that additional write-offs might be coming. The same reaction applies to any other asset that the Fed might choose to take off private investors’ hands.

So, who is going to bail us out this time?

My overriding message is that no one should have bailed us out to begin with. The longer we avoid the painful process of deleveraging and returning to a more deliberate and rational mode of capital allocation, the more we delay the inevitable. The more we shift the blame for our financial mistakes to the public sector, the deeper the hole we must dig out of.

Which brings me to the next point: shifting responsibility to the public sector, i.e. government, presents some very serious problems and headwinds for future growth:

The government is not bailing anyone out, taxpayers are. In essence, the government is using hard-earned tax revenue to pay for the mistakes of certain members of our society.

Moral hazard is confused with moral obligation. Re-distribution of wealth to those that are in genuine need of assistance from society is in our long-term best interests. But moral obligation quickly becomes moral hazard when the re-distribution applies to people who should, but prefer not to, care for themselves.

When the people who make mistakes do not pay for mistakes, they keep making them…bigger and bigger. Can you say “mortgage back securities”?

We run out of money. When capital from productive sources is siphoned away to subsidize unproductive investments, capital is destroyed and never to be found again. When there is less capital available for productive investments, growth is forced to slow as are incomes and payrolls.

When growth slows and jobs are not available, bad things happen. For an example of bad things happening now, take a look at the riots in the streets in London.

Until we allow the natural price discovery that unfettered markets are designed to provide, we continue to subsidize unproductive investments. And the longer we subsidize unproductive investments, the more wealth (and jobs) we destroy in the present and in the future.

Sure, it feels better when the stock market skyrockets, bank accounts are fat, growth is strong and the financial future is bright. Wasn’t that what we got in the 1990s, then again in the first decade of this century?

It cannot go on forever. Consider how much the housing bubble was driven by too much borrowing? Though financing might be cheap and easy to get for extended periods of time, there is not an infinite supply.

At its core, borrowing is simply a method of cashing in today on future earnings. The more we borrow against future earnings, the less we have in the future.

Using borrowed funds to subsidize unproductive investments only compounds and accelerates wealth destruction.

Keynesian policies can be successful in certain situations and for limited amounts of time, but they cannot be sustained infinitely. Borrowing and spending by the government can help the economy survive a soft patch or decrease the depth of a recession, but it does not fix the underlying capital allocation problem.

Keynesian economic policies are patches to economic problems, not fixes. If extended for too long, they only make matters worse.

Before the housing bubble, the government was levered to the hilt. After the housing bubble, consumers are also levered to the hilt. Both are struggling to balance their checkbooks.

So who is left to bail us out? Only two potential candidates: American corporations and foreign countries.

A quick survey of the status of the other major economic powers is not exactly inspiring. China is slowing growth to fight its inflation problems. The European Unions, well, they have their own problems. Japan is not exactly prospering. In general, there are few, if any, global economic bright spots. None are large enough to bail out anyone.

There are many bright spots in corporate America. Companies like Apple (AAPL-very attractive rating), Google (GOOG-very attractive rating), Microsoft (MSFT-very attractive rating) and many others are as profitable as ever. Their returns on capital rank among the very best in the world. They are shining examples of capital realizing its highest and best use. For the country as a whole, cash flow returns on assets are near all-time highs. Much of the recent profits, however, have come at the expense of the consumer as wages have grown much more slowly than profits.

Then, there are the banks. US banks recently enjoyed the largest bailout in the history of the world. Further, their profit margins have been subsidized by sustained low interest rates. And yet, they are lending little money.

Is the problem that banks do not want to lend or that there are not enough borrowers?

I think the answer is both. Many banks are still carrying a great deal of toxic assets. With so much risk already on their balance sheet, they cannot afford to take on more.

As for borrowers, the uncertain tax, regulatory and economic outlooks are not exactly enticing entrepreneurs, small and large businesses to take risk.

To summarize, there is no one left to bail us out this time.

So, what happens next? We buckle down and face the long hard road to true, not artificially subsidized recovery.

We recognize facts:

We cannot spend more than what we make forever. Seems like an obvious statement, but that is not how the United States has operated over the past several years.

We have wasted lots of capital by subsidizing unproductive investments.

We have delayed the process of creative destruction whereby unproductive investments are replaced by productive investments.

Because of our wastefulness and the delay in creative destruction, much time is required to restore wealth back to the levels to which we have become accustomed.

We must rebuild diligently, rationally and deliberately to ensure capital realizes its highest and best use.

Kicking the can down the road, Euro-style, only delays the inevitable and makes the problem worse.

Eventually, we will be much better off than what we started.

In the meantime, the stock market and economic activity will continue to suffer. No pain no gain.’

Stock Market Slide Is the Latest Blow to the Middle ClassThe Daily Ticker Peter Gorenstein ‘Stocks resumed their decline on Wednesday -- the third big drop in the last five trading days. The Dow Jones Industrial Average closed down 520 points, or 4.6%. The S&P 500 fell 4.4% to close at 1,121, while the Nasdaq was taken down more than 101 points to the end the day at 2,381.In other words, Tuesday's gains, in which the Dow jumped 430 points, are a distant memory.Stocks are on track for their worst monthly drop since after the Lehman Brothers bankruptcy in the fall of 2008. After making steady gains in their 401(k) plans since then, average Americans are once again falling further behind on their retirement goals. The recent drop in the market is making headlines, but as Aaron Task and the Breakout team discuss in this clip, it's by no means the only economic hardship facing the middle class -- it's just the latest. Here are some other headlines you might have missed while you were watching your portfolio shrink over the last few days.

HORRIFIC HOUSING MARKET

Existing home sales fell 2.8% in the second quarter compared to a year ago, according to the National Association of Realtors. The number of home sales is also off, falling 5.4% from the previous quarter and is down almost 13% compared to the sometime last year. At this rate the housing market will continue to be a drag on the economy.

BACKDOOR BAILOUT FOR BANKS

Meanwhile, as homeowner pain reaches new heights, it appears banks continue to receive favorable treatment from the government. The Wall Street Journal reports Fannie Mae -- essentially a government entity (that by the way continues to receive billions in taxpayer aid each quarter) -- just spent $500 million to buy the servicing rights to a Bank of America (BAC) portfolio of "seven million loans still causing the most problems." That's what they call a backdoor bailout.Speaking of Bank of America, the stock continued to mirror the pattern of steep sell-offs and furious rallies seen in the broader market. This time, shares of BofA were down 10.9% to $6.77. A conference call held by CEO Brian Moynihan with investors, led by Fairholme's Bruce Berkowitz, didn't help the bank's cause. According to a summary of the call in the WSJ, Moynihan pushed back against those who would question how he has performed while leading the company, and he said BofA would not part ways with brokerage firm Merrill Lynch. Additionally, he said there weren't "many days when I get up and think positively about the Countrywide transaction in 2008."BofA bought the big mortgage firm during the 2008 credit crisis, and it has been responsible for a gigantic financial drag on the firm in the time since.

FED'S FOLLY

The Federal Reserve on Tuesday said it will keep interest rates "exceptionally low" through the middle of 2013. That and the possibility of more quantitative easing may eventually reflate assets -- a good thing for stock portfolios. The problem is the Fed's reaction to the crisis has and will continue to do little to improve real economic conditions, such as stubbornly high unemployment, which remains at 9.1% more than two years after the financial crisis. And, for those able to save some money, the low interest rates aren't rewarding your bank accounts. Add it all up, and unfortunately there's little to feel good about.’

Report: DOJ investigating S&P's mortgage securities ratings Associated Press The Justice Department is investigating whether the agency improperly rated dozens of mortgage securities in the years leading up to the financial crisis. (Washington Post) [ There you go … the retaliation … the long awaited payback (quid pro quo -the no pros- witheld) for long overdue pervasively corrupt, defacto bankrupt u.s. downgrade. They should be investigating themselves, the SEC ( SEC destroyed documents, senator says ), among numerous other fraudulent, illegal schemes, activities. SHARE YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:

The following is my comment to an LA Times article regarding a Justice Department cover-up! As for your inquiry, all I think about day and night is a long overdue resolution to the RICO litigation as set forth therein:

ATF Chief Melson:Justice Department trying to shield officials (LATimes) Serrano

I believe him!

 I truly empathize with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu:   Died February 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]

Here’s some real, complicit cover-up / fraud on the part of the federal government, et als:

October 15, 2010 (*see infra {ultimately delivered by UPS})

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700

Los Angeles, CA 90024

Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case  RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages)      [  ricosummarytoFBIunderpenaltyofperjury.pdf   http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf          ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as     fbicorrespondencereyes.htm     .   With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the    RICO VERIFIED COMPLAINT    (see infra). Such includes and as set forth in the case, inter alia,

A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..

Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.

The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages:   [  Shiff Order of Dismissal With Prejudice on Coan’s Failure to File        Page 1                Page 2          ]

Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [   transcript in pertinent part -     http://albertpeia.com/crossexamofcoanbypeia.pdf    ]

Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.

Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.],   Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.

Sincerely,

Albert L. Peia

611 E. 5^th Street, #404

Los Angeles, CA 90013

(213) 219-**** (cell phone)

(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651 -magic jack}

                       ----------

*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]

http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime  Washington’s Blog / the grim economic reality   [  http://albertpeia.com/grimreality.htm

CRIME STATS(u.s.No.1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

http://www.albertpeia.com

Sincerely and Regards,

Al Peia

Unions angry over Postal Service cuts They said any move to break labor contracts to lay off 120,000 would hurt the already ailing movement. (Washington Post) [ I reiterate my call for the well managed, efficient, and reliable company, UPS to take over the operation of the poorly managed, inefficient, and unreliable USPS. Postal Service seeking 20 percent staff cut EXCLUSIVE | In cost-cutting bid, USPS also proposes withdrawing employees from existing health and retirement plans and creating its own benefit programs. Congress would need to sign off. (Washington Post) [ I think it’s a great idea. Indeed, 50% would be substantially better. Even better yet, UPS should take over their entire operation. After all, UPS is well managed and efficient; and also, very reliable. On the other hand, the USPS is poorly managed, inefficient, and very unreliable:
October 15, 2010 (*see infra {ultimately delivered by UPS})

                       ----------

*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]

Five myths about the Dow What drives it up and down? Is it a good market barometer? (Washington Post) [ Yeah! This is a great topic which seems an age-old quandary manifesting in different forms at different times. Indeed, in my evening MBA program studies at NYU, GBA (MBA Finance, 1977) the ‘questions’ concerning the Dow from an investment perspective were in no short supply (ie., from not being representative of the market, to higher p/e multiples, to slower growth from mature companies, to higher prices per share on an absolute basis, etc.). When asked why the Dow, the Security Analysis Professor, Dr. Douglas Bellmore, an extremely successful analyst / investor / author on finance in his own right, and head of the research arm / department of an institutional wall street brokerage firm by day, would respond simply by saying, ‘ he wasn’t interested in ‘buying the market’ (cited were concerns of liquidity with his oft-repeated rhetorical quip, ‘sell … to whom?’, which was often problematic to the substantial downside then, particularly for Nasdaq / Over-the-counter’ issues which is far less problematic today with computer efficiency undreamed of then (though also now used for nefarious fraudulent purposes undreamed of then)[ I began my MBA thesis with him and completed same owing to his vacation in the summer, 1977, with the great, eloquent, and astute Economist / Professor, Dr. Robert Kavesh (‘Economic Forecasting’ Butler and Kavesh – I had his course of the same name as his book) since I was beginning law school evenings that fall. ] ( Interestingly, in the bond analysis portion of the course I asked whether you can and should rely on the rating companies, predominantly S&P. He paused, and said ‘that’s a good question’ – it was also the only time he said such of my questions – then responded affirmatively, ‘yes, you can rely on them’ (different time, different place – I’m sure his answer would have been substantially different today). The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! So what’s changed of significance (other than the full moon and consequent effects on the lunatic wall street frauds Train Reading: The Stock Market Is Insane The Wall Street Journal 

GE ‘all in’ on aviation deal with China Challenge of China: Put technology on the table — and keep some U.S. jobs — or miss the huge market. (Washington Post) [ ‘Lotta weighin’ goin’ on! Riiiiight! Don’t make me laugh! Is China Bad For The US Job Market? at Forbes [ Duh! Ya think. Come on! Even rhetorically there’s no real question here. There’s no upside nor room for discussion on this point. Even when thinking they’re buying american, ie., apple, etc., they’re buying Chinese, Korean, Japanese, etc. (components); and yet, american tech is still absolutely horrendous. And, let me add that the communist Chinese are far from brilliant; one need only witness that Chinese leader standing with ‘lobotomy joe biden’ assuring all they’ll be no default … double duh! … as pervasively corrupt, defacto bankrupt america’s printing those evermore worthless dollars at warp speed. What dopes they are! Yes, like the bureaucratic plutocracy americans the communist Chinese whose success is measured in capitalistic terms are getting dumber and dumber like ‘their american fiances’. ] Has China single handedly destroyed the U.S. job market? [Not china, but rather those geniuses at the cia, nsa, corporate execs, the bushes/poppy-san the former communist Chinese ambassador and that strategic ‘engagement’ thing. Wake up … smell the b***s***, not roses! ]

Rep. Waters to tea party: ‘Go straight to hell’ (Washington Post) [ Drudgereport: SANTORUM: 'maxine waters is vile' [ she’s worse than that, and a total embarassment for america and california particularly! ] ...
Maxine Waters: 'The tea party can go straight to hell'...
Tea Party fires back...
MORGAN FREEMAN TELLS OBAMA TO 'GET PISSED OFF' [ sounds like a plan … ****** to ****** … the ****** plan! ] ...
Obama Economists Admit: 'Stimulus' Cost $278,000 per Job...
Philadelphia extends curfew after flash mobs [ new u.s. Christmas carol – ‘america’s beginning to look a lot like sub-saharan africa, everywhere you go’ . They are beasts of burden at most who are a burden to most at best … you’ll never change them … Think about all those costly ‘make-work’ jobs that serve no real economic purpose; ie., federal, state, local, uspostal service, etc.. And, they can’t even do those jobs reliably, efficiently, effectively which is a drag on civilized society! ] ...

Details of Obama’s jobs plan emerge President is thinking about proposing tax cuts for companies that hire workers, new spending for roads and construction, and other measures that target the long-term unemployed, administration officials say. (Washington Post) [ Oh come on! Too little, too late for ‘wobama the b’ (for b***s***), the eternal campaign(er) … he’s got a ‘good rap’ … that rapper ‘wobama the b’ (for b***s***). Really! He’s a total embarrassment out there on the campaign trail; and just as much an embarrassment for those who turn out to see him … maybe he’s somewhat of an allure as in a freak show. He’s a total joke! To be finally talking jobs and things just before the election having broken previous campaign promises in his failed role as ‘bush failure 3’. Even his pension is undeserved so much a fraud is he! Black caucus: Tired of making excuses for Obama [ They are not alone! ] Washington Examiner | A key member of the Congressional Black Caucus says they don’t pressure President Obama because he is loved by black voters. Obama ‘Takes More Vacations Than Any Human Being I’ve Ever Seen’ Fox News | “Here we have a country that really is going to hell in a handbasket.” Bus Tour Bust: Obama’s Approval Plummets Back Into 30s, Says Gallup CNS News | Obama’s politically charged but taxpayer funded bus tour through the Midwest turned into a bust yesterday. Disapproval of Congress Hits All Time High of 84% Paul Joseph Watson | Americans are more upset with political leadership than ever before.

Drudgereport: BLACK CAUCUS ON OBAMA: 'WE'RE GETTING TIRED' [ Not as tired of wobama’s b***s*** / excuses as the ‘White Caucus’ and any other Caucus – but, don’t be taken in by their b***s***; they’ll ‘back the black’ every time, regardless! ]New low of 26% approve of Obama on economy...
Inflation builds...
FOOD PRICES RISING...
UNEMPLOYMENT UP...
OBAMA TO LAY OUT JOBS PLAN -- AFTER VACATION...
'Takes More Vacations Than Any Human Being I've Ever Seen'...
Commiserates with jobless, then off to the Vineyard...

Even that italian, belafonte, isn’t buying ‘wobama brand(ed)’:

Drudgereport: HARRY BELAFONTE: Obama 'has failed'...
NOONAN: 'HE IS A LOSER'...
GALLUP: 40% APPROVAL...

Obama takes debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'...

Most importantly, realize that if wobama’s actions had not belied his words/campaign promises, the nation’s position, though still ominous, would have been substantially improved.

http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime  Washington’s Blog / the grim economic reality   [  http://albertpeia.com/grimreality.htm

CRIME STATS(u.s.No.1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

THE OBAMA DECEPTION’  http://albertpeia.com/obamadeceptionhighqualityversion.flv

European bank continues bond-buying It has become the region’s “last resort” investor as it tries to keep a lid on the rates paid by Italy, Spain. (Washington Post) [ Nothing succeeds quite like failure in the ‘new west’. From people-killing, nation-bankrupting, nation-destroying perma wars to QE’s to gimmicks to ‘warp speed’ currency printing presses, the lock-step rush for the abyss like lemmings they’ve become. Never mind that across the board, such as the aforementioned has actually exacerbated the crisis / problems they were supposedly meant to solve. This truly has become a ubiquitous scenario of the blind leading the blind; with the blindest of all, viz., pervasively corrupt – defacto bankrupt america, leading the charge (no pun intended – though their credit bears mentioning - 8 More Reasons Why You Should Be Deeply Concerned That The U.S. Government Has Lost Its AAA Credit Rating The Economic Collapse ‘… #8 The U.S. national debt continues to get worse by the day.  Just check out what economics professor Laurence J. Kotlikoff recently told NPR….“If you add up all the promises that have been made for spending obligations, including defense expenditures, and you subtract all the taxes that we expect to collect, the difference is $211 trillion. That’s the fiscal gap” ..’ Why You Shouldn't Buy Into This Plunge Forbes/O'Neil‘The market is building momentum to the downside’). ! Italy unveils plan to calm fears of escalating crisis (WP) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still got problems. Europe’s debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it here except the punch line): ‘That’s black bart’s girl’. Pelosi: ‘We are not Greece’ ( but greecy Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close call! There you go. Nothing to worry about now that wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Deficits And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in entitlement programs the US is actually in worse financial shape than Greece and other debt-laden European countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total federal spending in 2010 amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while other estimates exceed $100 trillion (these amounts are insurmountable) …’ ]

As investors panic, CEOs vote with their wallets for local companies August has seen a historic uptick in the number of corporate insiders buying shares of their companies. (Washington Post) [ I’m now sorry I didn’t save the article that spoke to this recent phenomena as being contraindicated and not a good sign but rather merely a function of some recent fine print in new compensation plans constrained by current and expected poor financial / economic results. Indeed, of greater import is as pointed out by Navin just months ago: Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart‘ The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is Insane The Wall Street Journal , Accounting Gimmics Resurface as Growth Flounders at TheStreet ‘Rebekah Smith, director of financial advisory services at accounting and consulting firm GBQ consulting, says accounting tricks and schemes are likely to start unraveling as we head into 2012 and the lag effect catches up. "The typical accounting fraud goes on for about 18 to 26 months before it is uncovered. The frauds that took place in 2009 are not going to surface until later in 2011 or into 2012." ‘ , Morgan Stanley Biggest Welfare Recipient as Federal Reserve Lent Banks $1.2 Trillion During Financial Crisis Wall St. Cheat Sheet , Minyanville's T3 Daily Recap: Market Gives Back Weekend Gains Amid US Bank Woes at Minyanville’ , Social Security disability on verge of insolvency , 8-19-11  Welcome To The New Bear Market For Stocks Forbes / Suttmeier , Dow/Gold Ratio Lowest Since 1987 Crash Forbes / Adrian Ash , Ignore Buffett's Advice, Don't Buy Stocks Forbes / Dohmen , The "Crimes" That Wrecked The Markets Forbes / Lenzner , Tech Leading Market Lower The Wall Street Journal , Banks closed in Fla, Ga, Ill; 2011 total is 68 , No Recession Coming ... It's Already Here Previous:8-18-11 Stocks rally off lows to suck suckers in and keep suckers sucked in on bad news (Jobless Claims, Inflation Rise More Than Expected CNBC) , fraud ( SEC destroyed documents, senator says Crimes Wrecked The Markets ), and b***s*** alone! MKM Bracing For SPY To Drop 8% More; Nasdaq Nearing August Lows Barrons.com, WHY NEW LOWS ARE LIKELY 8-18-11 Maierhofer, Is It 2008 Again? Looking at the Summer Crash of 2011 Gayed ‘A real bear market has begun …’ , Abandon Ship?[The USS Titanic] Yes, Because of These 5 Bearish Icebergs ... McGill , There's A Recession Coming According To The Data at Forbes , HP, Dell hammered as tech-spending outlook darkens JDSU, NetApp, disappointing figures, shares hit hard in after-hours trade Dell braces investors for a bumpy road Dell makes a case on why it can better weather an upcoming storm , S&P says sell Google's shares after Motorola deal , STOCKS FALL AFTER FLOOD OF BAD NEWS: Here's What You Need To Know Joe Weisenthal , Stocks Slip On Concern Over Europe's Debt, U.S. Data , Watch Out: 2011 Looks A Lot Like The Market Top In 2007 Sean Hanlon Take A Lesson From 2007 And Sell Stocks Now at Forbes, [video] Trader: We Could Test 1120 Lows at TheStreet.com In a Downtrend, Sell a Rally (Daily FX) Latest: Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. Famed economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50% unemployment, 90% stock market drop, 100% inflation. See the Evidence

Oil prices and Gaddafi’s potential fall? Any new Libyan government will need crude revenues, but analysts warn against premature optimism. (Washington Post) [ Premature optimism? How ‘bout total unreality owing to the over-printed, ever more worthless so-called reserve currency, viz., the ‘dollar’. The ‘dow / gold’ ratio is illustrative of this reality-based problem which extends as well to those heavily commissioned / traded paper shares. A Decade of Decline in Equity Markets Faisal Humayun [ This is a must read and explains how the market’s been artificially propped, the dow relative to hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was trading at 11,357 levels at the beginning of the year 2000. More than a decade later (as of beginning July 2011), the index is at 12582 (8-22-11/now 10885). Therefore, the index has gained 11% (8-22-11/now lost 10+%) in the last ten years…’ Yet, the inflationary dollar (declining) debasement rate was 31%. (-31%) {See the inflation calculator infra – and that’s just the government (inflation) numbers … reality is much worse!} Meanwhile, the frauds on wall street are churnin’ and earnin’ like never before at lightning computerized speeds enabling the high-frequency trades that are commissioned in unprecedented large volumes; a big net negative in real economic terms.] Just another gimmick / diversion / obfuscation: The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is Insane The Wall Street Journal , Accounting Gimmics Resurface as Growth Flounders at TheStreet ‘Rebekah Smith, director of financial advisory services at accounting and consulting firm GBQ consulting, says accounting tricks and schemes are likely to start unraveling as we head into 2012 and the lag effect catches up. "The typical accounting fraud goes on for about 18 to 26 months before it is uncovered. The frauds that took place in 2009 are not going to surface until later in 2011 or into 2012." ‘ , Morgan Stanley Biggest Welfare Recipient as Federal Reserve Lent Banks $1.2 Trillion During Financial Crisis Wall St. Cheat Sheet , Minyanville's T3 Daily Recap: Market Gives Back Weekend Gains Amid US Bank Woes at Minyanville’ , Social Security disability on verge of insolvency While Washington Fiddled The Economy Burned at Forbes http://www.albertpeia.com/inflationcalculator.htm http://www.albertpeia.com/wobamavoters.gif

Ahamed: What is the market really telling us? (Washington Post) [ Whatever it is, it ain’t good! Indeed, ‘the market’ in terms of communicating anything must fall within the ambit of the term ‘brain-damaged’ at best, insane at worst, with all the concomitant disabilities attendant thereto, including a penchant for criminal, fraudulent activities to obfuscate in self-interested fashion the damage attendant to their criminally insane, brain-damaged condition for their own gain to almost everyone else’s detriment. ‘THE STOCK MARKET HAS LOST ITS MIND — Bethany McLean in Slate Risk On! Do the Fed, computer trading, and a few hedge funds rule the market? That might explain why it's lost its mind. After the madness of last week and the rollercoaster at the beginning of this week, the stock market recovered from its Aug. 10 rout to bounce 423 points on Aug. 11. It was the fourth day in a row in which the index moved by more than 400 points, which has never happened before in history. As I write this, stock prices are leveling off, but the big swings may not be over. Has the market gone mad? Actually, yes....’

Dow jumps 4 percent as markets rebound A volatile day on Wall Street ends with a last-minute rally that pared some of Monday’s historic losses and shrugged off an uncertain outlook from the Fed. (Washington Post) [ ‘Shrugged off’? So that’s what those lightning fast computer manipulated buy programs are for. Who woulda’ thunk it? After all, it’s not as if ‘Atlas Shrugged’ in this decimated, collapsing economy of this pervasively corrupt, defacto bankrupt american nation / economy. Oh pshaw … that was just fiction; ask former ‘objectivist’ Ayn Rand afficionado ‘senile alan greenspun’ who recommends gettin’ those Weimar dollar printing presses rollin’ at warp speed which has in large part helped to get the nation rollin’ to this forlorn point. Well, ‘senile alan greenspun’ can always say he was really meant to be that ‘cobol programmer’ that he was and was meant to be. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! What changed from yesterday which warranted a more than 600 point plunge with paper stocks still over-valued and a 545 bounce off of afternoon lows? Nothing! Absolutely nothing, yet a manipulated computer-programmed churn-and-earn suckers’ rally based on fraud and b***s*** alone to keep suckers suckered, which makes for an especially great opportunity to sell / take profits since there’s much, much worse to come! Famed economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50% unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com)

AAII Sentiment Survey: Investors Remain Averse to Stocks Wall St. Cheat Sheet 

Train Reading: The Insider-Buying Lie - Mark Gongloff

Not all insider buying is created equal — Reformed Broker

Is there enough money to save the world’s banks? — Jonathan Weil at Bloomberg

Warren Buffett is issuing bonds and buying stocks — Fortune

US births declined in 2010 — Calculated Risk

Efficient markets in action — Paul Krugman

Consumers now need Treasury approval on all purchases over $50 — The Onion

Report: Mutual Fund Outflows In July Most Since End Of 2008 at Barrons.com 

Is debt downgrade an alarm bell for U.S.? (Washington Post) [ Do bears s*** in the woods? Is the Pope Catholic? Is this question some kind of a joke? I mean, duh! Ya think? I mean, if it isn’t, what could be? After all, this was long in the making and the pressures applied to preclude this long overdue downgrade were substantial. Yet, this mild slap on the wrist was at once, charitable and a gift inasmuch as reality warrants far worse. 8 More Reasons Why You Should Be Deeply Concerned That The U.S. Government Has Lost Its AAA Credit Rating The Economic Collapse ‘… #8 The U.S. national debt continues to get worse by the day.  Just check out what economics professor Laurence J. Kotlikoff recently told NPR….“If you add up all the promises that have been made for spending obligations, including defense expenditures, and you subtract all the taxes that we expect to collect, the difference is $211 trillion. That’s the fiscal gap” ..’ Previous: Is this some parallel universe where unfounded criticism is levied at S&P for the downgrade when they’ve actually cut the pervasively corrupt, defacto bankrupt disunited states a break by not rating what america truly is; viz., junk status for the paper / liabilities / obligations that cannot and will not be paid (or the equivalent vis-à-vis what would be in worse than evermore worthless Weimar dollars or some other ‘ponzi-like’ subterfuge, obfuscation). The amounts are insurmountable going forward. They point to Moody’s and Fitch; yet, let’s not kid ourselves, S&P is the ‘800 pound gorilla’ in this world among rating agencies and moody’s, fitch have substantially diminished themselves as entities consistent with their ‘mission and purpose’ and as well, their credibility. I mean, come on! Consider the pressure that was and continues to be applied. Moody’s and fitch, quite frankly, folded. China’s rating agency has already downgraded u.s. paper and they’re ‘holding’ (huge amounts of that u.s. junk); and hence, against their own interest. Wake up!

Stock markets rally on jobs report In fourth day of wild swings, markets surge amid mixed signals about direction of U.S. economy. (Washington Post) [ The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! This an especially great opportunity to sell / take profits, particularly if you missed Tuesday or May, since there’s much, much worse to come! Thursday, Aug.11, 2011: what changed from yesterday which warranted a more than 500 point plunge with paper stocks still over-valued? Well, some bad news labeled as better than expected 1) 7,000 fewer jobless claims than expected (just a little over 1% better even if you believe them – I don’t) 2) Cisco shows results ‘better than expected’ 3) Record monthly trade deficit [ What Recovery? Forbes ‘we can’t call this a recovery. There’s no reason to celebrate when a job report was better than expected. Why? Because the expectation was abysmal to begin with.’ ‘Cisco Systems Inc’s quarterly results edged past Wall Street’s scaled-back expectations ...“They beat a low bar. A lot of it is coming from cost cutting, which we anticipated. In that sense it’s a relief,” Joanna Makris of Mizuho Securities USA told Reuters. ‘Cisco, which depends on government spending for about a fifth of its revenue, said in July it would cut 15 percent of its workforce and sell a set-top box factory in Mexico.. Cisco bulls may underestimate tough road ahead Randewich.’ ]

World Bank warns against future economic hardship Press TV | Zoellick pointed out that the world is now involved in redesigning the international financial system.

The World’s Money Is Draining Away … Where’s It Going? Washington’s Blog | All of the monetary and economic policy of the last 3 years has helped the wealthiest and penalized everyone else.

Both Consumer Confidence And The Labor Participation Rate Are At A 30 Year Low … That’s Not A Coincidence Washington’s Blog | A new poll from Thomson Reuters and University of Michigan shows that consumer confidence is the lowest its been for 30 years.

NATIONAL / WORLD

{scroll down to current date – today’s numerical day/headlines follows headlines of continuing importance} [ or, go directly to today’s national/world headlines ]

Compendium of Important Business / National / World News / Topics / Articles / Headlines

http://albertpeia.com/articlelinkspage3.htm

Legendary Investor Jeremy Grantham: America is a Banana Republic Washington’s Blog | Just different bananas perhaps? [ Of course this is absolutely true! And not just from the meaningfully lawless perspective – I had made such a statement on the record in a LA Superior Court Appellate Dept. proceeding in which said court literally ignored the law (the same is true of the costly, plushly accoutered lifetime appointee federal courts) which corrupt courts should indeed be abolished in these difficult economic / budgetary times. Additionally, from pervasive corruption, to debased over-printed currency, to gunboat diplomacy, to total incompetence, etc., america is indeed a banana republic at most.]

Poll: Obama Approval Hits Lowest Ever Rasmussen | Only 19% of the nation’s voters Strongly Approve of Obama’s performance as president.

Obama poll numbers on economy hit new low AFP | The respected Gallup organization’s findings showed the embattled president down 11 points since mid-May.

GALLUP: Americans satisfied with ‘the way things are going’ — 11%! Gallup | Americans’ satisfaction with the way things are going in the United States has fallen back to 11%.

Obama’s ratings sink to new lows - Public pessimism about the direction of the country has jumped to its highest level in nearly three years, erasing the sense of hope that followed President Obama’s inauguration and pushing his approv...

Obama Approval Hits Record Low Reuters | President Barack Obama’s job approval ratings plunged to a new low ahead of his major economic speech Thursday.

CIA lawyer says Obama administration backed and continued virtually all Bush-era programs Natural News | As he campaigned for the presidency in 2007 and 2008, then Sen. Barack Obama made clear there would be no torturing of terrorism suspects on his watch.

CIA, MI6 and Mossad: Together against Syria RT | The West is doing its best to destabilize the situation in Syria.

Russia Warns US, Israel against Attack on Iran Fars News Agency | Russian Foreign Minister Sergei Lavrov warned the US and Israel against an attack on Iran, cautioning that such a move would mean “a very serious mistake”.

Yes, Americans Will Be Targeted As Terrorists Under the NDAA Paul Joseph Watson & Alex Jones | Republican Congressman Amash warns that bill can be applied to U.S. citizens.

Exclusive: Government Activating FEMA Camps Across U.S. Kurt Nimmo and Alex Jones | Email reveals KBR call for bids to add services to internment camps.

Repeal of sodomy, bestiality ban sparks fight on Defense bill The Hill | New Defense Authorization Bill repeals a ban on sodomy and bestiality [ This country is so f***ed up! The decline and fall! America mother of hoods and apple new york (n.j. metro) fraudulent pie! Bestiality? What’s next? Legalized pedophilia? Ask p.s. football’s ‘frolicking manchild’ sandusky! ]

Google chairman says online piracy bill would ‘criminalize’ the Internet The Hill | “By criminalizing links, what these bills do is they force you to take content off the Internet.”

NEW HEADLINES

Obama’s Signing Statement on NDAA: I have the power to detain Americans… but I won’t Infowars | “I want to clarify that my Administration will not authorize the indefinite military detention without trial of American citizens.” [ Who could possibly be foolish enough to believe even one word from jive-talking wobama the b for b***s***? He’s lied about everything! There is not one thing he hasn’t lied about! He’s a pathetically failed president! ]

25 Signs That America Is Rapidly Becoming More Like Nazi Germany The American Dream http://albertpeia.com/25signsamericabecominglikenazigermany.htm

Gen. Dempsey: Iran rational actor, not after nukes Press TV | General described any Israeli attack on Iran as “destabilizing.”

Pat Buchanan: 300 nukes in Israel yet Iran a threat? RT | Islamic wars have brought questionable benefit to the US over the last 20 years, former US presidential advisor Pat Buchanan, author of Suicide of a Superpower, shared with RT. http://albertpeia.com/16reasonswhyonlyfoolssupportswaragainstIran.htm Would You Support a War Against Iran If You Knew the True Facts?

5 Reasons Iran is NOT a Threat to the U.S. Michael Edwards | Iran is next unless the American people stop living in fear of manufactured threats.

Torture Architect Argues For Indefinite Detention of Americans Paul Joseph Watson | ACLU: “Nothing short of chilling”.

The FBI, The CIA, Homeland Security, The Federal Reserve And Potential Employers Are All Monitoring You On Facebook And Twitter http://albertpeia.com/facebooktwittermonitoring.htm

USA #1? 40 Embarrassing Things That America Is The Best In The World At http://albertpeia.com/40badthingsusa#1.htm

US Army sergeant kills 16 in Afghan villages Moving from house to house, a U.S. Army sergeant opened fire Sunday on Afghan villagers as they slept, killing 16 people — mostly women and children — in an attack that reignited fury at the U.S. presence following a wave of deadly protests over Americans burning Qurans.

The Obama Flag: Who Decided That It Was Okay To Replace The Stars On The American Flag With The Face Of Barack Obama? http://albertpeia.com/monkeyflag.htm [ Aside from the desecration issues, from a purely aesthetic perspective, that picture on the flag of that ugly monkey obama is an absolute disgrace and affront to any rational person’s aesthetic sensibilities! How embarrassing for the nation! ]

As Chuck E. Cheese Goes So Goes America http://endoftheamericandream.com http://albertpeia.com/violentpublicbrawlsamerica.htm

Massacre suspect's lawyer: We expect the most severe charges A defense lawyer for Staff Sgt. Robert Bales said Monday he expects his client to be charged in the murder of 16 Afghans on Thursday.

The Obama Administration: All Your Privacy And All Your Stuff Belong To Us http://albertpeia.com/obamaadminusurpingyourprivacy.htm

Aborted Babies Are Being Chopped Up And Sold To Researchers All Over America With The Full Approval Of The Obama Administration http://albertpeia.com/abortedbabieschoppedupandsoldwithobamaadminapproval.htm

40 Weird Facts About The United States That Are Almost Too Crazy To Believe http://theeconomiccollapseblog.com http://albertpeia.com/40weirdfactsabouttheus.htm

Feeding The Homeless BANNED In Major Cities All Over America http://albertpeia.com/feedinghomelessbanned.htm

What Is Causing The Strange Noises In The Sky That Are Being Heard All Over The World? http://albertpeia.com/strangenoisesinthesky.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

The Plan for The United States with Alex Jones

Prisonplanet.com | Alex runs down Sarkozy’s call to lock up people who dare surf “extremist” websites on the web.

[ Little nicky is so pathetic and a testament to how far france has fallen. Former ‘mossady’, this pro-zionist incompetent has really pulled france down, including his affront by ejecting his French wife in favor of the ‘experienced’ italian carla bruni, while midstream in public office no less. Like obama, he sounded like the ‘old biddies’ they are in plaintively expressing their displeasure with the bloodthirsty incompetent war-monger netanayahu (that ‘leave the microphone trick’). How pathetic for the world to have such failed leadership. The problem is, as with Galileo, Copernicus, etc., what if the ‘extremists’ are right? All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.--Arthur Schopenhauer And, who determines what’s extreme? ] Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d look just like any other nigger. And, don’t worry about the black vote, failed president wobama the b for b***s*** will get nearly 100% of the nigger vote, no matter what! Drudgereport: Farrakhan Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks that would have to be retaliated against based upon the hushed reality of the prevalence of black on white crime? The blacks should be careful what they wish for in playing that game because the facts don’t break in their favor. ] ...

People have become weary of making up excuses for blacks (like obama, holder, etc.). At some point, as now, people should not be timid about relating the cold, unvarnished truth statistically / factually about blacks and, ie., black on white violent crime, etc..

 From Pat Buchanan: As for racism, its ugliest manifestation is in interracial crime, and especially interracial crimes of violence. Is Barack Obama aware that while white criminals choose black victims 3 percent of the time, black criminals choose white victims 45 percent of the time? Is Barack aware that black-on-white rapes are 100 times more common than the reverse, that black-on-white robberies were 139 times as common in the first three years of this decade as the reverse? We have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned out to be hoaxes. But about the epidemic of black assaults on whites that are real, we hear nothing.

http://albertpeia.com/blackonwhitecrime.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

The reality is that blacks are an insoluble problem wherever they are. That’s not going to ever change; not make-shift/make-work jobs; not programs; not anything tried or to be tried; hence, they must be treated as exactly that – problems – before a solution can be derived and fashioned. ]

Lancaster computer shop shooting suspect identified | abc7.com

http://abclocal.go.com/kabc/story?section=news/local/los_angeles&id=8594147

http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm

‘Timothy Johnson, 24, is shown in this 2007 mugshot provided by the Los Angeles County Sheriff's Department.’ (KABC Photo) Calif. (KABC) – ‘Sheriff's officials released the name of the man they say shot and killed the owner of a computer shop in Lancaster.

The suspect was identified as 24-year-old Timothy Johnson, described as being 6 feet 2 inches tall, weighing about 170 pounds with a dark complexion (negro-black) and a closely shaved head.

Detectives say Johnson reportedly entered eChaps Computers and More at 2007 W. Avenue K on Friday, shot and killed store owner Reed Lewis Keith and left with stolen electronics in hand.

Johnson reportedly fled in a black, 1980s model four-door car driven by an accomplice. Investigators said Johnson was wearing a black hooded sweatshirt and a ski mask at the time of the robbery…’

10 Reasons Why Nothing You Do On The Internet Will EVER Be Private Again http://endoftheamericandream.com http://albertpeia.com/10reasonsnothingoninternetprivate.htm

Impeach Obama 2012. Join the National Campaign

Infowars.com | Now is the time to put an end to Obama’s treasonous and tyrannical behavior.

Obama Impeachment 2012

Kurt Nimmo and Alex Jones | A call to action and an effort to inform the public about the treason of Barack Obama.

http://albertpeia.com/impeachobama.htm

Kurt Nimmo and Alex Jones
Infowars.com
Aprill 11, 2012

We can only win by launching Impeach Obama 2012. Whether or not we fully impeach him, we are committed to rebuking these unconstitutional and criminal power grabs and are determined to take the case to the court of public opinion.

–Alex Jones

Film director, producer, actor and writer Sean Stone has thrown his weight behind a resolution introduced in the House last month by North Carolina Republican Walter Jones. Resolution 107 states that should the president use offensive military force without the authorization of Congress that such an act would be “an impeachable high crime and misdemeanor.”

Article I, Section 8, of the Constitution reserves exclusively for Congress the power to declare war. Both Thomas Jefferson and James Madison argued that the power to declare war must reside in the legislative branch of government and the president will only act as the commander-in-chief and direct the war after it is declared by Congress.

“The constitution supposes, what the history of all governments demonstrates, that the executive is the branch of power most interested in war, and most prone to it. It has accordingly with studied care vested the question of war in the legislature,” Madison wrote.

In the video, Stone notes Obama’s unconstitutional war on Libya was waged “despite the fact that the United States was neither attacked, nor threatened for attack by the nation of Libya.”

Secretary of Defense Leon Panetta said during questioning by Senator Jeff Sessions of Alabama that the Obama administration does not believe Congress has the exclusive right to declare war and that the Pentagon answers to the United Nations, not the people of the United States.

The Obama administration “does not believe that the Congress has the exclusive power to declare war,” Stone notes, and “accordingly the president should be impeached.”

Stone also mentions Obama’s facilitation of the banker engineered 2008 “bailout” as an additiojnal reason he should be tried for High Crimes and Misdemeanors and impeached. Obama’s efforts worked in favor of the “consolidation of private banks, many of them in Europe.”

“There was no investment of any meaningful type in the physical economy, there was no protection of the American people,” Sean explains. “Rather, an illegal commitment made on behalf of private banking interests, to commit the American people to paying a debt that the American people did not accrue.”

He rightly notes that Obama’s actions “represent the most clear violation of the principal of the general welfare of the people in the preamble of the Constitution of the United States.”

In addition to setting the stage for the economic rape of the American people and waging illegal and unconstitutional wars, Obama has committed a number of other egregious violations of the Constitution.

Specifically, Obama violated the Constitution’s Takings and Due Process Clauses when he bullied the secured creditors of automaker Chrysler into accepting 30 cents on the dollar while politically connected labor unions and preferential others received better deals.

In addition, the Dodd-Frank financial “reform” bill created the so-called Financial Protection Bureau and Financial Stability Oversight Council, bureaucratic monstrosities that are now engaged in unchecked and unconstitutional economic action without consulting Congress. The Dodd-Frank bill also further empowers the bankster’s preferred cartel, the Federal Reserve (which has engaged in unconstitutional activity for nearly a hundred years).

The Obamacare mandate is the most obvious violation. “No list of President Obama’s constitutional violations would be complete without including the requirement that every American purchase health insurance, on penalty of civil fine. The individual mandate is unprecedented and exceeds Congress’s power to regulate interstate commerce. If it is allowed to stand, Congress will be able to impose any kind of economic mandate as part of any kind of national regulatory scheme. Fortunately, the Supreme Court has a chance to strike this down during its current term,” writes Ilya Shapiro, a Senior Fellow in Constitutional Studies, Cato Institute.

Obama signed into law the NDAA with a provision allowing the military to indefinitely detain American citizens. “He will forever be known as the president who signed indefinite detention without charge or trial into law,” said the executive director of the ACLU, Anthony Romero.

Finally, Obama may be tried and impeached for signing a large number of executive orders. Article II of the Constitution provides the president with three options when presented with legislation – do nothing, sign the bill, or veto it in its entirety.

“Obama’s use of signing statements has clearly shown his willingness to continue the George W. Bush legacy – not only of torture and illegal detainment, but in the dangerous trend of de facto rule by ‘executive fiat.’ Worse, such signing statements put in place a precedent for future presidents to follow – or expand upon,” writes Aaron Dykes.

Obama is definitely a renegade president in violation of the law. He is guilty of treason and must be brought up on formal charges. The House must introduce a resolution for impeachment and a trial must be held in the Senate…’

9-19-12

12 Factors That Are Turning The Streets Of America Into A Living Hell

http://albertpeia.com/12factorsamericancitieshellholes.htm

Why Are So Many Bad Things Happening To America?

http://albertpeia.com/americacursed.htm

National Security Threat: Obama’s Birth Certificate Proven Fraudulent

Paul Joseph Watson | One of the biggest cover-ups in U.S. political history. http://albertpeia.com/obamasfraudulentbirthcertificate.htm

James Holmes Is Not Alone - 20 More Examples Of The Sickos That Are Overrunning America

http://albertpeia.com/americansickos.htm

12 Signs That Spain Is Shifting Gears From Recession To Depression

http://albertpeia.com/12signsspainrecessiontodepression.htm

The New York Times Admits That Virtually Every Major News Organization Allows The News To Be Censored By Government Officials

http://albertpeia.com/nytimessaysallusnewscensoredbygovt.htm

55 Percent Of Americans Believe That The Government Will Take Care Of Them If Disaster Strikes

http://albertpeia.com/55percentamericansbelievegovernmentwilltakecareofthemindisaster.htm

{ Of course, this is absolutely foolish based upon reality and what we’ve actually witnessed. I’ve found through direct experience you can’t even depend on the government to do what they’re legally required to do as defined by law, so corrupt and incompetent the u.s. government has become: see, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

Flash Mob Robberies And Organized Looting Have Become A Normal Part Of Life In America

http://endoftheamericandream.com

http://albertpeia.com/flashmobrobberrieslootingnormalinamerica.htm

Does Barack Obama Expect The Upcoming Election To Spark Rampant Civil Unrest?

http://theeconomiccollapseblog.com

http://albertpeia.com/civilunrestishereandworstening.htm

Will Pam Bondi Be The Next Vice President Of The United States? 8 Reasons Why It Might Actually Happen

http://albertpeia.com/willpambondibenextvpus.htm

FBI Nazi Bikers Bust FBI Nazi Group

http://albertpeia.com/fbinazibikersbustfbinazibikers.htm

Kurt Nimmo
Infowars.com
July 31, 2012

{ I’m really constrained to interject my own direct experience with the FBI here; and, I must say I do so lamentably. If you want no real results vis-à-vis organized crime which now extends to the upper reaches, highest levels of the corrupt u.s. government, go to the FBI. I discounted the new jersey FBI as just typical corrupt, mob infested jersey which thinks in terms of discos/casinos. But, truth be told, they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their (understated) crime stats for even a second. I’m beginning to feel foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters directly who seem to have at least some sense of the magnitude of the fraud involved and the pervasive corruption of the system and government and maybe a semblance of honor in this nation of protracted decline. It never would have occurred to me back when for me, such a choice/decision was clear-cut and simple. Such a course as mine I no longer could recommend inasmuch as there is little difference between state/government sponsored crime/corruption and that perpetrated by other criminal elements, from my direct experience with both, infra:

Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some federal workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the properties in my proceedings for which surplus funds are unaccounted for was a 2 bedroom 1 and 1/2 bath condominium in seaside heights, n.j.). But debauchery an american specialty? Another rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in the illegal drug trade). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city boy louis freeh, labeled by former Prosecutor Larry Klaiman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.

GOOGLE SEARCH – ‘LARRY KLAYMAN, LOUIS FREEH CORRUPT’

ABOUT 6,240 RESULTS (0.11 SECONDS)

· Trulock Sues FBI Director Freeh

archive.newsmax.com/articles/?a=2000/7/30/211047

Jul 31, 2000 – Judicial Watch is a public-interest law firm that fights corruption in government. To read Larry Klayman's letter to Louis Freeh, ...

· Judicial Watch - Because no one is above the law!

www.judicialwatch.org/archive/newsletter/2003/0203b.shtml

... security," said JW Chairman Larry Klayman. "His behavior stands in stark contrast to Louis Freeh, a man so corrupt he destroyed the office he led, ...

· Freedomwriter.com :: Headline News :: - America - JUDICIAL ...

www.freedomwriter.com/issue20/am15.htm

“Louis Freeh will finally have to answer in court for what he did to our clients. ... answers,” stated Judicial Watch Chairman and General Counsel Larry Klayman. ...

· Infowars.com -- Talk Radio's Alex Jones v. the New World Order

www.infowars.com/jw_transcript.htm

Klayman, Larry, Chairman, Judicial Watch ... My name is Larry Klayman. ... interest group that investigates and prosecutes government corruption and abuse. ...... They seized his computer – these are FBI agents at the direction of Louis Freeh, ...

· JUDICIAL WATCH REJOICES AT RESIGNATION OF FBI DIRECTOR LOUIS FREEH

www.judicialwatch.org/archive/2001/printer_921.shtml

May 3, 2001 – Because of his corrupt behavior, Freeh was placed on Judicial Watch's ... stated Judicial Watch Chairman and General Counsel Larry Klayman. ...

· The hazing of Judge Lamberth

www.wnd.com/index.php?pageId=5374

May 27, 2000 – By Larry Klayman ... While Judicial Watch has asked FBI Director Louis Freeh to .... lawsuits against a corrupt and unrepentant Clinton-Gore ...

· Trulock, Conrad v. Freeh, et al, Employees of FBI

cryptome.org/trulock-v-fbi.htm

LOUIS J. FREEH, in his personal capacity; NEIL GALLAGHER, in his No. ... COUNSEL ARGUED: Larry E. Klayman, JUDICIAL WATCH, INC., Washing- ton, D.C. ...

Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding ie., the u.s. government’s direct involvement in the illegal drug trade, etc.). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city by louis freeh, labeled by former Prosecutor Larry Klaiman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.

SHARE YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:

The following is my comment to an LA Times article regarding a Justice Department cover-up! As for your inquiry, all I think about day and night is a long overdue resolution to the RICO litigation as set forth therein:

ATF Chief Melson:Justice Department trying to shield officials (LATimes) Serrano

I believe him!

 I truly empathize with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu:   Died February 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]

Here’s some real, complicit cover-up / fraud on the part of the federal government, et als:

October 15, 2010 (*see infra {ultimately delivered by UPS})

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700

Los Angeles, CA 90024

Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case  RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages)      [  ricosummarytoFBIunderpenaltyofperjury.pdf   http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf          ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as     fbicorrespondencereyes.htm     .   With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the    RICO VERIFIED COMPLAINT    (see infra). Such includes and as set forth in the case, inter alia,

A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..

Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.

The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages:   [  Shiff Order of Dismissal With Prejudice on Coan’s Failure to File        Page 1                Page 2          ]

Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [   transcript in pertinent part -     http://albertpeia.com/crossexamofcoanbypeia.pdf    ]

Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.

Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.],   Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.

Sincerely,

Albert L. Peia

611 E. 5^th Street, #404

Los Angeles, CA 90013

(213) 219-**** (cell phone)

(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651 -magic jack}

                       ----------

*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]

Responding to your message

FROM:

Rep. Lucille Roybal-Allard

TO:

albert_peia@yahoo.com

Message flagged

Wednesday, November 16, 2011 8:48 AM

Dear Mr. Peia:

Thank you for being in touch.  As we continue the busy first session of the 112^th Congress, I want you to know that I am grateful for the various times you have shared your thoughts and concerns with me on different issues.  Please be assured that your voice is being heard and that your perspective helps me to better represent you in Washington, D.C. 

Sincerely,

LUCILLE ROYBAL-ALLARD
Member of Congress

[ This is a reply to the Congresswoman’s query among others included.]

11-5-11

Dear Congresswoman Roybal-Allard:

The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:

‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’

Sincerely,

Albert L. Peia

America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm

Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

The Criminal Banking Cartel's End Game: A 100% Digital Monetary System

Posted by: smartknowledgeu Post date: 06/07/2012 The end game of this global monetary crisis is the imposition of a 100% digital monetary system that would permanently end what little economic freedoms we still retain today. Educate. Resist. Fight... http://albertpeia.com/criminalcartel.htm { I agree with the thrust of this article which I’ve yet to read in full; if only to emphasize that with a mouse click/button/keystroke/enter you could easily be separated from your money/wealth which is a formidable intimidating threat consistent with planned subservience (and also facilitating manipulated fraud, etc.). And, don’t think they wouldn’t do it, meaningless, arbitrarily enforced laws notwithstanding. Don’t forget; government slugs all have the same employer. I experienced the corruption first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/americangovernmentdrugtrafficking.htm
http://albertpeia.com/americascorruptiondrugtrade.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm }

They Really Do Want To Implant Microchips Into Your Brain

http://albertpeia.com/theywanttochipyou.htm

65 Year Old Woman With A Gun Chases Off 5 Armed Robbers

http://endoftheamericandream.com

http://albertpeia.com/65yroldwomanwithgunchasesoff5armedblackrobbers.htm

‘In Garden Grove, California the other day, a 65 year old woman with a gun chased 5 armed criminals out of her jewelry store.  The video of this amazing incident (posted below) is quite funny, but it also demonstrates a very serious point.  The streets of many of our largest cities are slowly but surely being transformed into a living hell as our society rots from the inside out.  The criminals are always going to have plenty of guns.  If we have no way to defend ourselves, then many of us will be at the mercy of the criminals.  For example, imagine what would have happened if those 5 armed robbers had invaded her home at night?  Without a gun, what could that 65 year old woman have done?  The best she could hope for is that the criminals would take whatever they wanted and would not do any violence to her or to her family.  Of course the police would show up later and "take a report", but the police would not be able to undo any of the damage that the crooks had already done.  This is especially true when it comes to violence against women.  You can always replace your possessions, but you can never undo a sexual assault or a rape.  America is being absolutely overrun by psychos these days, and if you don't have a gun how in the world are you going to keep a pack of criminals from having their way with you or with members of your family?  I realize that is a very disturbing thing to think about, but these are dark times that we are living in.  As society continues to fall apart we are going to see home invasions because more twisted and more horrifying than ever before…’

Surrounded By Psychopaths And Sociopaths As We Approach Societal Collapse

Michael Snyder | Do you remember when America was a place where you could attend a public gathering without having to worry if a sociopath was going to set off a bomb or start wildly shooting people?

Completely Surrounded By Psychopaths And Sociopaths As We Approach The Edge Of Societal Collapse

http://albertpeia.com/psycopathssociopathsamericasocietalcollapse.htm

Dead Crops, Extreme Drought And Endless Wildfires Are Now The New Normal In America

http://albertpeia.com/deadcropsdroughtwildfiresnewusnormal.htm

FBI: Constitution Stands In Way of Government Thwarting “Extremist” Groups

Kurt Nimmo | FBI has described “anti-government extremists” as groups and individuals opposed to taxes and oppressive government regulations.

{ Oh, riiiiight! It’s the Constitution’s fault they are inept and corrupt; perhaps corrupt as with sam alito, louis freeh, et als, because they are inept. Never mind that they derive what powers they do have from that same Constitution. Oh yes, I almost forgot … they got Martha Stewart … over a $45,000 transaction. The biggest frauds, in and out of government, on wall street, jon corzine, etc.; not so much … you know … that constitution thing … it’ll thwart you every time! They are so full of s***! Take a look: What in the World Has Happened to the FBI/DOJ?
FBI Nazi Bikers Bust FBI Nazi Group http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm }

Approval of Congress falls to all-time low (10% approval)

Romney: Obama is ‘running just to hang on to power’ Romney to Obama: ‘Take your campaign of division and anger and hate back to Chicago’ [ Keep in mind, Chicago is an absolute disaster; wobama’s kind of place! Chicago: 'The Deadliest Global City'...

CHICAGOLAND COPS: Teens kill man in 'knock 'em down' game...

Chicago police sergeant: 'Tribal warfare' on streets...
Comparable to Iraq, Afghanistan...
CHICAGOLAND: 7-Year-Old Girl Gunned Down While Selling Lemonade Outside Home...

UPDATE: Jesse Jackson Jr. being treated for bipolar disorder... { Mayo Clinic: Jackson has bipolar depression Wife: Rep. Jesse Jackson Jr. getting treatment but 'still very depressed'...
Ethics investigation continues... }

REPORT: Ill. state workers forced to attend Pelosi, Jesse Jackson Jr. event on taxpayer dime... ]

TINA FROWN! Newsweek on wobama’s failed presidency – Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm

Texas Judge Warns Obama Re-Election Could Lead to Civil War

You Tube | “I’m thinking the worst. Civil unrest, civil disobedience, civil war maybe.”

Alert: DHS Rounding up Veterans, Throwing them in Mental institutions

Paul Joseph Watson | Veterans are being targeted in aftermath of Homeland Security smear campaign.

Insider Exposes Bin Laden Death Book Hoax

Infowars.com | A book of lies geared to cover up more lies.

http://albertpeia.com/binladendeathbookhoax.htm

Jon Voight criticizes (liberal, pro-wobama biased) media at RNC { He’s quite right, of course; because there is nothing whatsoever positive that can realistically, factually be said of wobama the b for b***s***! Moreover, there are so many negatives to be said of former failed president obama that one can only realistically surmise and infer that the media is too embarrassed to admit how badly they failed in assessing, vetting choom-gang fantasizing b***s*** artist, grifter, and jive-talking con obama! }

Blunt Christie tells Republicans it's time to face fiscal truth - TAMPA, Florida (Reuters) - New Jersey Governor Chris Christie accused Democrats of refusing to tell Americans the truth about the depth of the country's deep fiscal woes on Tuesday in a pugnacious... { I had no idea Gov. Christie was a former federal prosecutor. Maybe he could find out what happened to asst. us attorney Jonathon Lacey, the files/documents/exhibits etc., from as well, former us attorney alito and fed judge maryanne trump barry, former us trustee jeonard, etc. … http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

Ex-Democrat Artur Davis: Obama has lost his ‘halo’

Ron Paul delegates get worse seats than Republicans from Guam, Samoa

Houston Chronicle | There’s a heavy price to be paid if you’re a Ron Paul support in Mitt Romney’s city. { President Romney won fair and square, in a grueling process participated in by ron paul himself, ron paul having since proved himself unworthy and even senile. }

Why Does The U.S. Government Treat Military Veterans Like Human Garbage?

http://endoftheamericandream.com

http://albertpeia.com/ustreatsvetslikegarbage.htm

19 Signs That Israel And Iran Are On The Verge Of War

http://albertpeia.com/israeliranonvergeofwar.htm

Did Obama Just Make A Deal With Israel To Delay The War With Iran Until After The Election?

http://albertpeia.com/wobamadeals.htm

5-23-13 Headlines { Scroll Down to Current Date }

It should be emphasized that the wobama favored contraindicated QE’s and fiat paper currency printing/debasement IS a policy for the wealthy that’s destroyed/is destroying the middle class! Wake up! That’s reality!

Federal Reserve Christmas Message

Infowars.com | “We hope to destroy your economy in the New Year.”

NRA LaPierre: Hollywood, media, music, violent videos cause culture of violence... { There is indeed a culture of violence in america; that, along with a celibratory attitude toward crime and criminals generally (and of course, cowardice in the face of criminality, which didn’t apply to the Newton, CT tragic scenario), along with the reality that crime in america pays, and pays well, and is largely protected at the highest levels. That said, I still oppose any and all censorship (a ‘slippery slope’ in a country now as this, best not tread on) to the extent that’s inferred from LaPierre’s cogent speech; though I believe it a stretch for anyone to have reasonably gleaned that from his words so eloquently put. I read the text of his entire speech as he made it. I believe he was correct in every significant respect; importantly, and simply put, ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. } NRA’s Wrongheaded Response to Sandy Hook Violence Infowars.com | NRA Executive Vice President calls for more cops in schools and a government database of the mentally ill. { The following ‘rebuttal’ from Infowars is not entirely unreasonable but I believe relies too much on the presumption of sanity among the american masses: ‘…LaPierre also announced a NRA model security program of armed volunteers to guard schools. He said Rep. Asa Hutchison, R-Ark., will lead the program for the lobbying organization. While the idea of armed citizen volunteers protecting schools is reasonable, the call for adding more police is not. The presence of police in public schools has created a number of problems – from tasering and handcuffing students to shooting them to death – in addition to fostering a prison-like environment [if the ‘shoe fits’]. As for creating a government database of people suffering from mental illness and then presumably denying them Second Amendment rights, this is a dangerous idea begging for government abuse [as was so in the former communist soviet union of old]. If the state is allowed to determine what mental illness is and who suffers from it, large numbers of people will undoubtedly have their right to own firearms denied (like veterans suffering from PTSD are denied their rights). It looks like the NRA is merely passing the buck on this issue and once again relying on government to devise solutions [this is an unfair criticism by infowars inasmuch as the NRA are not elected officials although, truth be told, as evidenced in the past election, u.s. elections are a total joke and are indeed ‘rigged’ – then there were as well the unprecedented terrorist threats of violence/rioting by the typically uncivilized niggers ( note that wobama, a nigger himself, registered no objection to those threats and intimidation – the uncivilized niggers having their way now with purported ‘civilized institutions’ – don’t forget the crime stats wherein niggers are the undisputed leaders by far ) as well as voter fraud, and incumbents did not want to rock their boat, aka ‘the uss titanic’ ]. The solution to public school violence is really quite simple – citizens must be fully empowered to exercise the right to self-protection and the protection of their families (defense is a natural right that has nothing to do with the real reason the Second Amendment was established). This right to self-protection cannot be denied by “gun free zones” that are in essence self-defense free zones…’ }

New York Gov: Gun Confiscation and Forced Buy-back an Option

Kurt Nimmo | Cuomo plans to propose a package of draconian legislation during his State of the State address next month. { Riiiiight! Preserving mob power! Only the various multi-ethnic criminal mob groups in new york can have guns. Actually, the cuomos have been doing such mob bidding for quite some time; particularly for the guinea mob/crime families. From exclusives for the death penalty to guns etc., the wops et als (huge wall street frauds included) under the cuomos have maintained their nation-draining status quo shared control of new york (new jersey, entire northeast, etc.) for quite some time. Shhhhh! Don’t say a word! Nobody’s really looking! They really don’t want to look! They’re afraid to look at and have to acknowledge what belies their raison d’etre. }

India reports 25 rapes in week following Delhi gangrape IBNLive  { See, as per the californication amerikan jurisprudential scholar/jurist/judge, these 25 girls may not have realized it, but, they really wanted it … you know, otherwise, as per the californication jurisprudential scholar/jurist/judge these subconsciously consensual encounters could not have happened because the body would ‘just say no’ to such liasons if nonconsensual. There you go! … american jurisprudence has done it again as they guide us through those dark, shadowy, murky areas of the law that would otherwise label violent criminal rapists as violent criminal rapists. (We’re talking India here; but, violent rape among a plethora of other substantial crimes including murder, huge protected ie., wall street, etc., frauds, armed robberies, etc., are rampant in pervasively corrupt, defacto bankrupt america.) India gang-rape suspects to face murder charges (CBS/AP) NEW DELHI - Indian police charged six men with murder on Saturday, hours after a woman who was gang-raped and beaten on a bus in New Delhi nearly two weeks ago died in a Singapore hospital. { Clearly, says the california-american jurist/jurisprudential scholar, this girl was not a victim but really ‘wanted it’ and while she may have been screaming/saying ‘no’, she really meant ‘yes’ since otherwise her body wouldn’t have permitted that rape (and beating) to happen. See … now that’s why we have professionally educated/trained judges … to ‘split the pubic hairs’, so to speak … (that judge should be forced to step down)} Calif. judge says a victims' bodies can prevent rape CBS News SANTA ANA, Calif. A Southern California judge is being publicly admonished for saying a rape victim "didn't put up a fight" during her assault and that if someone doesn't want sexual intercourse, the body "will not permit that to happen.” { Wow! Spoken like a true california american jurist. Well, with violent rapes on the rise along with other serious violent among other crimes in america and california particularly, and elections being what they are, ‘might as well go with the flow’ might have been the ratio-decedendi. After all, most violent criminals in america are closet pacifists/peace corp members and if the body says yes or no but the mind subconsciously says yes, only then will a rape happen (NOT!); and, no violent rapist would let a LIVE/CONSCIOUS rape-resistor get in the way of implicit consensual rape. Wow! I initially was going to quip, ‘he doesn’t get out much’; but, maybe he just ‘gets out too much’. Wow! What more can anyone say! [ If the foregoing didn’t make sense to you, that’s because the californication judge’s outrageous statement is absolutely preposterous! ] }

SHRINK: We are creating 'generation of deluded narcissists'... http://albertpeia.com/deludednarcissists.htm ‘…We must beware of the toxic psychological impact of media and technology on children, adolescents and young adults, particularly as it regards turning them into faux celebrities—the equivalent of lead actors in their own fictionalized life stories…’ Read more: http://www.foxnews.com/opinion/2013/01/08/are-raising-generation-deluded-narcissists/#ixzz2HXlpfElS Indeed, and america’s got the ‘perfect (failed, like them) president’ for this deluded generation of of legends in their own minds; viz., choom gang fantasizer in chief, wobama the b for b*** s***! Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }

Obama to follow in footsteps of Hitler, Stalin with ‘executive order’ disarmament of the American people

Mike Adams | Obama is going to march America down the dark halls of history by following in the footsteps of Adolf Hitler, Joseph Stalin, Mao Tse Tung.

Biden Says Obama to Use “Executive Action” to Restrict Second Amendment

Kurt Nimmo | Biden says violating the Constitution is an act “worth taking.”

Feinstein, Obama Want Defenseless Americans to be Lower than Amoebas

Aaron Dykes | The politicians in Washington have shredded the Constitution and want Americans to be defenseless slaves, disarmed and lower than even single-celled organisms.

The right to shoot tyrants, not deer { Let me just interject and say: The point is that the arms are indeed not for the pupose of bringing down deer, but rather an admonition to criminals everywhere who are illegally armed to the teeth (without much resistance from the ‘anti-gun’ gov mob), ‘DON’T EVEN THINK ABOUT IT!’ }

Andrew P. Napolitano | The Second Amendment is the guarantee of freedom.

Americans Move to Impeach Obama

Infowars.com | The time has come to hold the the president legally accountable for his long train of unconstitutional abuses.

Citizens File Articles of Impeachment Against Obama

Alex Jones | For sedition against the Constitution.

Obama’s Anti-Second Amendment Executive Orders May Result in Articles of Impeachment

Kurt Nimmo | Executive orders or actions considered “existential threat to this nation.”

Sheriff Mack: Constitutional Sheriffs Refusing to Infringe on Gun Rights IS the Solution

Aaron Dykes | A growing movement of sheriffs and law enforcement figures are refusing to participate in disarmament.

DHS Says Gun Owners Are Terrorists

Kurt Nimmo | The real enemy is not al-Qaeda but Americans who believe in the Second Amendment.

‘Gun Free Zones’ for ‘president, vice-president, and their families’ Petition Reaches Threshold

Adan Salazar | Petition calls attention to hypocritical double-standard pointed out in recent NRA ad.

Five-Year-Old Girl Suspended For “Terroristic-threat” To Shoot Classmates With Pink Bubble Gun

Steve Watson | Kindergartner grilled for three hours, forced to undergo psychological testing.

DHS Declares Gun Owners Terrorist

Alex Jones | Homeland Security established to confiscate guns from the American people.

Cops Complain About New York’s Draconian Gun Law

Infowars.com | Former cop admits law will do little to nothing when it comes to crime and violence.

New York’s Charlie Rangel: Constitution is Something Dems Have to “Overcome”

Kurt Nimmo | Rangel was talking about the South’s widely held belief in the Second Amendment. Drudgereport: RANGEL: 'Some of the Southern Areas Have Cultures We Have to Overcome'... { The reality is that northern areas such as fraud capital of the world, national drain new york, have cultures we must overcome. After all, obama himself said rangel should resign with some dignity, not fully realizing that like chicago, and other northern areas, dignity is not required for federal, state, local government office or anything else for that matter. Just looking and acting like a nigger is sufficient! }

Israeli Attack: Desperate Bid to Save Failed Syrian Campaign

Tony Cartalucci | Israel has conducted airstrikes in Syria based on “suspicions” of chemical weapon transfers. { Yes, indeed! This was a somewhat typical (and costly for the u.s. and the rest of the world) act of desperation by the war crimes nation israel to keep the flames of war stoked in whatever ways possible. The israelis thrive on chaos at other people’s expense/cost and shed blood; and yet, they remain u.n. resolution/international law violators, with 200+ illegal nukes to boot, with barely a peep from the world community as they assume immoral authority to accuse other nations of their own lawless ways. This world can no longer afford war crimes nation israel. } Netanyahu Deploys 'Syrian' Iron-Dome As Israeli Minister Claims US Preparing 'Surgical' Strikes Against Iran { Israel warns of possible pre-emptive strike in Syria... Key facility hit? Kissinger: Iran nuclear crisis close... [ Kissinger Predicts Nuclear War with Iran { This would be a zionist wet dream come true! And, a disaster for literally everyone else, particularly for pervasively corrupt, defact bankrupt america whose prior orwellian pro-israeli moves have not turned out well for anyone including america except for israel, the war profiteers and the military industrial complex as warned against by the underrated but great president General Eisenhower! } Kurt Nimmo | Characterizes looming conflict as “a turning point in human history.” { Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby doesn’t even have to pay kissinger for such folly! How ‘bout the turning point being the misguided balfour declaration and the subsequent existing 200+ illegal israeli nukes! } Video: Globalist Kingpin Predicts Nuclear War with Iran Prison Planet.com | Globalist kingpin, renowned war criminal and Rockefeller co-conspirator Henry Kissinger is talking up a nuclear conflagration. { Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby doesn’t even have to pay kissinger for such folly! How ‘bout the turning point being the misguided balfour declaration and the subsequent existing 200+ illegal israeli nukes! } ]

VIDEO: Newtown Father Blasts Gun Control

Paul Joseph Watson | “You will take my ability to protect my Victoria from my cold dead hands”.

8,583 Dead Americans http://www.wealthdaily.com
By Jeff Siegel America's Gun Violence Problem is NOT Guns
http://albertpeia.com/usgunviolenceproblemisnotguns.htm

Washington State Gun Bill is Unconstitutional http://www.wealthdaily.com Hide Your Guns! FEB 22 - JEFF SIEGEL Lawmakers in Washington State propose unconstitutional regulations for gun owners, managing to bypass two of the ten Bill of Rights Amendments.

Communist Propaganda Poster: Comrades, Turn In Your Weapons!

Paul Joseph Watson | Gun control advocates claim historical gun grabs by tyrannical regimes are a “myth”.

Israeli Lobby Censors Iranian Media While Lecturing Iran About Human Rights

Syrian Girl | While the west and the Israeli lobby lectures Iran about human rights, it censors Press TV from broadcasting in the west.

Who Gave North Korea Nukes In The First Place? Paul Joseph Watson | The U.S. government and the CIA. http://albertpeia.com/usgavenokoreanukes.htm

5-24

Adam Kokesh Calls For “New American Revolution”

Paul Joseph Watson | Imprisoned activist demands march on governors of 50 states.

Huffington Post: Time for Eric Holder to go

Washington Examiner | The website’s home page is one big splash calling for Eric Holder’s exit.

Rand Paul: Obama Embroiled In ‘Old MacDonald’s Farm’ Of Scandals

Steve Watson | “Here a scandal, there a scandal, everywhere a scandal”.

DHS Memo Warns 3D Printed Guns May Be ‘Impossible’ to Stop

Adan Salazar | “Is America ready for pat-downs at every event?”

Gang Of Eight Says ‘Trust Us, This Bill Will Pay For Itself’

Donna Anderson | Amnesty bill will create an additional $6.3 trillion in deficit spending.

IRS Harassment Suppressed Tea Party Vote

Kurt Nimmo | Taxation agency insists it is only guilty of inept management.

Eric Schmidt: Google AI Indistinguishable From Humans Within a Decade

Paul Joseph Watson | Technology to pass Turing test within 5-10 years.

Mike Judge Defends Second Amendment & More In Exclusive Interview With Alex Jones

Infowars.com | Iconic animator sat down with Alex Jones.

Will Lois Lerner Be Obama’s Scapegoat?

Donna Anderson | It’s unclear whether or not Lerner can be held in contempt because she was under investigation, not on trial.

Obama refuses to meet border agents, invites illegal immigrants to Oval Office

Washington Examiner | Obama still refuses to meet with any border security enforcement officers.

Challenging Monsanto: 200,000 in 40 countries to rally against GMO

RT | Activists around the world are gearing up for a weekend of rallies to protest Monsanto.

Obama: ‘Misconduct of a Few’ Erodes ‘People’s Trust in Their Government’

CNN | President Barack Obama delivered the commencement speech at the U.S. Naval Academy in Annapolis, Md., on Friday, blaming the “misconduct of a few” for erosion of the public’s “trust in the government.”

DHS Memo Warns 3D Printed Guns May Be ‘Impossible’ to Stop

Adan Salazar | “Is America ready for pat-downs at every event?”

IRS Harassment Suppressed Tea Party Vote

Kurt Nimmo | Taxation agency insists it is only guilty of inept management.

Two men arrested after flight from Pakistan is diverted in UK airspace

CNN | Police arrested two men Friday on suspicion of endangering an aircraft.

Eric Schmidt: Google AI Indistinguishable From Humans Within a Decade

Paul Joseph Watson | Technology to pass Turing test within 5-10 years.

Huffington Post: Time for Eric Holder to go

Washington Examiner | The website’s home page is one big splash calling for Eric Holder’s exit.

2013 list of America's best beaches Kid Rock, who is launching a summer tour where most tickets are priced at $20, said he's holding about 1,000 tickets from each show and reselling them to make up for the cheaper regular price he's offering.

America’s Roads Have Been Turned Into A Revenue Generating Surveillance Grid

http://albertpeia.com/surveillancegrid.htm

SEAL Team 6 Families to Blame Government For Deaths

Paul Joseph Watson | “Never before revealed information” to be aired at press conference.

Robert D. Cubby (Retired Police Captain) ‘It was fitting and gratifying to see after 40 years, that piece of garbage Joanne Chesimard FINALLY declared a terrorist and put on the most wanted list. We knew that 40 years ago but it took this country that long to realize that, yes, this country can produce terrorists capable and willing to kill its citizens and police officers. Her and her group declared war on law enforcement when she killed Werner Foster, NJ State Trooper on the Turnpike during that car stop. Now to treat her like we treat all terrorists. Your days are numbered bitch!!!!!!!!!!’ { I second that emotion and agree 100%! }

{ SEAL TEAM 4 COMMANDING OFFICER BEST KNOWN FOR FINDING & THEN KILLING OSAMA BIN LADEN COMMITS SUICIDE thelastgreatstand.com 25 members of the team who allegedly killed Bin Laden are dead. No conspiracy theory there. Just the facts. You decide. -
“Bin Laden” Heroes Probably Murderered to Keep Them Quiet ... Gordon Duff Veterans Today

FLASHBACK: Eyewitness to OBL Raid Saw Helicopter Explode (TRANSCRIPT) [ As indicated on this albertpeia.com website, I didn’t buy the administration’s desperate and politically opportunist Osama event and still don’t buy it; and further, I believe this! ]Veterans Today | TRANSCRIPT of critical interview with Pakistani eyewitness to Bin Laden raid. Is this the key to SEAL Team 6′s demise?

“Bin Laden” Heroes Probably Murderered to Keep Them Quiet Gordon Duff Veterans Today August 7, 2011 | Some Possibly Killed in Abbottabad Helicopter Crash Months Before. [ As indicated on this albertpeia.com website, I didn’t buy the administration’s desperate and politically opportunist Osama event and still don’t buy it; and further, I believe this! ] Today 31 NATO troops, 20 of them Navy Seals from the Osama bin Laden operation died in what is reported as a helicopter crash in Afghanistan.

‘The chance of this story being true is almost nil. The chances of this being a staged coverup is over 80%. We believe these people were murdered to silence them. This is why.

We have solid information on two areas:

1. Osama bin Laden died in 2001 as an active CIA employee and his body was recovered in Afghanistan and taken to “the sand box.” We were told it was frozen. We have so much verification from this, CIA, ISI, US military and top officials. I have a direct confirmation from Bin Laden’s CIA handler who I grilled mercilessly on this.

2. The Abbottabad operation involved numerous American deaths, witnessed, bodies all over, a helicopter crash. (suppressed translated TV interview below) These bodies were recovered by land vehicle from Islamabad and there was NO “successful” bin Laden operation of any kind. There was and has been a CIA safe house in Abbotabad where terror suspects were stored for years.

This gave the US several areas of severe vulnerability. Generally, Navy Seals are the best people in the world at keeping their mouths shut, these are real team players, as the term “Seal Team” belies.

We at VT were informed that the bin Laden operation was staged at this time, a theatrical farce, to cover the exit of Secretary Gates, the move by former CIA Director Leon Panetta into the DOD as Secretary of Defense and to stem any heroic claims by new CIA Director Petraeus of killing the long dead Osama bin Laden, the long frozen CIA operative.

Petraeus is a possible presidential contender and had to be denied this “gift from heaven,” a fast track to the oval office for sure.

Again, I remind you, I went over specific meetings on bin Laden with his handlers, getting every last detail. I have watched what has gone on, the continuing need to vilify a long dead top CIA operative to provide residual cover for the Bush administration…

The reason? Bush and his cronies are all facing charges of war crimes, not just in minor jurisdictions but heading for the ICC, putting them on the dock with Gaddafi ( a far less harmful character).

As for the timing of this incident? This we will work on. What we can easily surmise is that some of the dead have been dead since their bodies were taken away from the helicopter crash site in Abbotabad.

Who would order such a thing? We are going to have to wait but we are going to find out. However, we expected this, the timing is exactly as predicted. Read full article ‘}

Establishment Media Spins al-Qaeda’s Use of Chemical Weapons in Syria

Kurt Nimmo | Evidence pointing at al-Qaeda will not derail globalist effort to take down Syria.

Why America Fell So Far … So Fast

Washington’s Blog | All Empires Crash Soon After They Reach Their Peak.

Ron Paul: Federal Reserve Blows More Bubbles

Ron Paul | It is not surprising the Fed has decided to hand the American people more of the same failed policies. But it is disappointing. http://albertpeia.com/fedreserveshouldbeabolished.htm

Source: Israeli Airstrike on Syria Coordinated With Al-Qaeda Militants

Paul Joseph Watson | Jihadists doing the dirty work of the very powers they claim to oppose.

Karzai denies CIA cash bought support of Afghan warlords, asks US to continue payments { Riiiiight! And, you can take that to the numbered Swiss (etc.) bank account … if karzai says it … it must be true … NOT! … can you imagine what the ‘divvy-up party’ looks like … something like $1 for karzai and $2 for us (cia) … perpetual fog of war is great for such ‘divvies’ … recall the 360 tons of $100 bills flown into Iraq that literally disappeared and is unaccounted for to this day … } RT | Karzai denies CIA money was used to buy the support of warlords who could tip the country into another civil war.

America Is Embracing The Secret Police Culture Of The Nazis

http://albertpeia.com/americanaziculture.htm

The Pentagon: Members Of The U.S. Military May Be Court-Martialed For Sharing The Gospel

http://albertpeia.com/gospelcourtmartials.htm

EFF.ORG In our 638th issue:

UPDATES MINILINKS ANNOUNCEMENTS

U.S. House of Representatives Shamefully Passes CISPA

You may have heard the rumors: key staffers on the Hill say that the Senate is unlikely to take up CISPA, even though it passed the House. But we're not out of the woods yet. The Senate is going to be taking up some kind of cybersecurity legislation. We need to make sure it's not the twin of CISPA, which would allow companies to bypass all existing privacy law to spy on communications and pass sensitive user data to the government. Now's the time to let your senator know that we won't tolerate privacy-killing legislation under CISPA or any other name. Users can speak out against the bill through our action center.

California's New Open Access Bill

A new initiative -- the California Taxpayer Access to Publicly Funded Research Act (AB 690) -- would give the public access to hundreds of millions of dollars worth of research funded by California residents. Right now, universities and research institutions are forced to pay exorbitant amounts for knowledge they helped create -- and that you helped underwrite. This bill would help fix that. Californians can take action here.

U.S. Drone Test Sites Must Include Stronger Privacy Protections

The Federal Aviation Administration's proposed privacy requirements for domestic drone test sites are not robust enough to protect the public, EFF argues in its official comments filed with the agency this week. Staff Attorney Jennifer Lynch outlines five key recommendations to safeguard privacy and civil liberties while allowing unmanned-aerial-system operators to explore the potentials of this emerging technology.

EFF Updates

The Disconcerting Details: How Facebook Teams Up With Data Brokers to Show You Targeted Ads

Facebook’s new ad targeting program works with four data brokers: Acxiom, Datalogix, Epsilon, and BlueKai. Companies who want to advertise on Facebook can use the data controlled by these data brokers to build custom groups and then show those groups targeted ads on Facebook. Check out EFF's FAQ about the program and suggestions for protecting your privacy.

EFF Moves to Quash Subpoena in Copyright Troll's Retaliatory Lawsuit

EFF filed a motion to quash a subpoena from Prenda Law seeking the identity of the blogger behind Die Troll Die, a website which for years has offered news and views on "porn trolls." As we explained in our brief, Die Troll Die has a constitutional right to speak its mind, and Prenda Law's claims of defamation are meritless.

The Only Thing the Broadcasting Treaty Is Good For Is Crushing Innovation

The Broadcasting Treaty is a misguided proposal that would create a new bundle of copyright-like controls for broadcasters (including major media companies like NBC and Fox) that want to prevent new forms of innovative technology from threatening their market position.

EFF Fights to Protect Electronic Reserves at College Libraries

In a long-running lawsuit, the publishing world is demanding that libraries pay fees for excerpts they make available digitally to students. In an amicus brief filed on behalf of several national library associations, EFF argued that electronic reserves are protected fair uses that benefit the public.

Another Lawsuit Threat Raises the Question: Why Don't We Have a Federal Anti-SLAPP Law Yet?

Another innocent customer unfortunately has been sued for defamation, simply for leaving a negative review of a company on eBay. Cases like this reinforce the need for strong anti-SLAPP laws, which provide remedies that allow innocent free speakers to quickly shoot down frivolous lawsuits without having to worry about legal fees.

Civil Liberties Groups and Companies Demand Congress Update Email Privacy Law

This week, with encouragement from a wide range of companies and civil liberties groups like EFF, the Senate Judiciary Committee passed a bill that would update email privacy law. The bill is now ready to go to the full Senate for a vote.

miniLinks

EPIC FOIA request reveals details about government cybersecurity program

New documents obtained by EPIC in a Freedom of Information Act lawsuit reveal a collaboration between the Defense Department, the Department of Homeland Security, and private companies to allow government monitoring of private Internet networks.

Online tracking debate heats up

The BBC wittily nails online-tracking agencies such as BlueKai in a video featuring EFF's Technology Projects Director Peter Eckersley.

Thousands of people tweet to Rep. Mike Rogers

When Representative Mike Rogers dismissed critics of his cybersecurity legislation as "14 year olds" tweeting in a "basement," a campaign quickly went viral on Twitter in which thousands of people tweeted at Rogers' account about how they're not 14, not in a basement, but still very much opposed to CISPA.

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Editor: Rainey Reitman, Activism Director
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EFFector is a publication of the Electronic Frontier Foundation.
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EFF: Busting Myths from CISPA Supporters Supporters of CISPA, the so-called "cybersecurity bill," have promoted it with craftily worded or just plain misleading claims. To stop this type of misinformation -- and to stop CISPA -- we urge you to tell your members of Congress to stand up for privacy. We've collected some of the most egregious myths put forward by CISPA supporters and explained why these claims are false. http://albertpeia.com/effstopcongressionaloppression.htm

Harrison Ford Teams Up with CFR and Rockefeller Foundation to Save the Planet

Infowars.com | Clueless actors and Hollywood liberals like Ford and Angelina Jolie are shills for the global elite vegetables.

{ 30 Population Control Quotes That Show That The Elite Truly Believe That Humans Are A Plague Upon The Earth http://albertpeia.com/humanplagueonearth.htm , http://albertpeia.com/45signsamericatinyelitemajoritypoor.htm , Corporatism: A System Of Control Designed By The Monopoly Men Of The Global Elite http://albertpeia.com/corporatistcontrol.htm , 29 Signs That The Elite Are Transforming Society Into A Total Domination Control Grid http://albertpeia.com/dominationcontrolgrid.htm { First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently, primitive apes. See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. } [ 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said: The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing
http://albertpeia.com/planetalreadyruined.htm ] The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ]

CIA and FBI Counter-Terrorism Officials: Cheney Lied About 9/11 Hijacker Posted by: George Washington Post date: 03/20/2013 - Cheney Caught In Another Major Lie ‘Preface: Obama is worse. Everyone knew that Iraq did not possess weapons of mass destruction (update here). Dick Cheney admits that he lied about 9/11…..Postscript:  Indeed the entire torture program was implemented in an attempt to justify the Iraq war.  And the 9/11 Commission was set up with false torture testimony.  More background on the Iraq war.

Michael Moore: Reid would betray 2nd Amendment if his grand children were killed

Infowars.com | Filmmaker imagines Senate Majority leader’s grandchildren massacred in shooting. { Well there you go … michael moore on acknowledging/admitting gun control/ban would violate 2nd amendment! }

Re: Defeating one of the PATRIOT Act's most secretive provisions

From: albert peia

To: Richard Esguerra | EFF

Congratulations!

A problem with the FBI is, they don't know what to do with the information even when they do get it. Wall street frauds in the trillions. Everybody knows it! But they did go after and get Martha Stewart over a $45,000 transaction. How totally pathetic and inept they are!

http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm

Regards,

Al Peia

From: Richard Esguerra | EFF <richard@eff.org>
To: Albert Peia <albert_peia@yahoo.com>
Sent: Friday, March 15, 2013 7:00 PM
Subject: Defeating one of the PATRIOT Act's most secretive provisions

We did it! Hours ago, a federal judge ordered the FBI to stop issuing spying orders, called national security letters (NSLs), which forced companies to disclose customer data while simultaneously censoring them from discussing the order with the press or public. It's a landmark ruling that strikes at one of the most domineering powers amplified by the infamous USA PATRIOT Act.

The government will likely file an appeal. But EFF is invigorated by this victory and plans to battle every step of the way. In the words of EFF Senior Staff Attorney Matt Zimmerman: "The public has long known that it is inappropriate for the government to hide its questionable NSL practices behind a veil of secrecy. The court has confirmed that."

We couldn't have done this without dedicated supporters who join us in challenging injustice and overreach. EFF members are the backbone of our operation—please join us in celebrating this victory by donating to EFF!

With great thanks and pride,
Richard Esguerra
EFF Development Director

It’s now clear: Obama intends to use drone strikes to kill American journalists and political enemies

Mike Adams | President Obama plans to use military drones in the skies over the United States to assassinate journalists, patriots and critics of his administration. ‘…Front and center in this pattern of evidence is the 16-page memo that was just released by Obama’s lawyers in the Department of Justice. This memo puts forth a “legal justification” for the President to order the drone assassination of any American citizen he names — anytime, anywhere, for any reason. This new power claimed by the President has no basis in federal law or the Constitution. It is an invented power of absolute tyranny that puts the power to decide who lives and who dies in the hands of one man. This document essentially legalizes the President acting as a serial murderer…’

Paul fires back: Sens. McCain, Graham think ‘whole world is a battlefield’

The Hill | Paul criticized the hawkish senators for thinking the laws of war should take precedence over the Bill of Rights.

Why Are Giant Sinkholes Appearing All Over America? Is Something Happening To The Earth’s Crust?

http://albertpeia.com/giantsinkholes.htm

Drudgereport: 'I AM NOT A DICTATOR' [ That’s what they all say … next thing he’ll be saying for Bob Woodward’s consumption is ‘I’m not a crook’ … Riiiiight, O! You just act like one! The reality is that at some point the coverup for this failed president by adopting failed policies to obscure/hide his failed presidency must end. The reality is that this guy just can’t ‘cut the mustard’. The reality is that this guy, O, is total bull s**t and an unmitigated failure by any criteria by which you can measure a presidency (including his own as set forth in his last campaign…you know, that deficit thing that he was going to cut by half by the end of his first term but instead increased more than all the presidents combined! Then there were all those prosecutions to come of the huge wall street frauds, still extant by way of legislated FASB Rule change and now marked to anything, that never happened in fact.) (REPORT: Obama's golf weekend with Tiger cost as much as 341 furloughed federal workers... ) Krauthammer: Obama Only Left Out "Pestilence, Earthquake, Brimstone And Plague" In Sequester Warning CHARLES KRAUTHAMMER: Well, they know that they really overshot it. It was the president himself. He could have had surrogates out there. But you know, the only thing left out of his litany of catastrophe was pestilence, earthquake, brimstone and plague. I mean it’s actually hilarious that he goes through all of this. And now all of the sudden, having discovered that the Republicans aren't going to budge and that he hasn't won the propaganda war, all of the sudden it's a tumble down, it's not a cliff. And it is tumble down and I think the Republicans have to be armed. I think they have the upper hand to date because of the scare tactics. But if they want to stay ahead of the game, they got to do two things. They have to emphasize that they are offering the president authority over how the spending cuts are done. The Senate has rejected it. The president has said he would not accept it, he'd exercise a veto. They have to explain, if the president says we have to do 'x,' we have to cut the TSA, we have to curtail meat inspection, they have to say everyday that we've offered the president utter discretion on how to spend the money and he chooses that it should be the meat inspection and not the consultants and the wasteful meetings that they have in expensive hotels. And secondly, the Republicans ought to highlight every day all of these useless, obsolete or idiotic stuff happening in the federal government. It isn’t hard to find. Every year, Sen. Coburn compiles a list of all this waste and stuff, it’s all out there. What you do is an example a day, every day and say to the administration why didn’t you cut x, which is laughable? And instead, you cut police or teachers. { Yeah … I mean, how quickly wobama changes tune and message … the message being ultimately, true to form and his history … obama’s full of s**t! Then again, we can all blame it on that fickle teleprompter! }

Google Glass: Transhumanist Nightmare

Infowars.com | Attaching a computer to your head is not going to bring you happiness. { How can anyone trust google/nsa who make sure you see what they want you to see! }

In our 631st issue:

UPDATES

MINILINKS

ANNOUNCEMENTS

CISPA, the Privacy-Invading Cybersecurity Spying Bill, is Back in Congress

It's official: CISPA, the Cyber Intelligence Sharing and Protection Act, has been reintroduced in the House of Representatives. It's the contentious bill that would provide a poorly-defined "cybersecurity" exception to existing privacy law. CISPA offers broad immunities to companies who choose to share data with government agencies -- including the private communications of users -- in the name of cybersecurity. It also creates avenues for companies to share data with any federal agencies, including military intelligence agencies like the National Security Agency.

EFF is adamantly opposed to CISPA. Join us in calling on Congress to stop this and any other privacy-invasive cybersecurity legislation.

New Bill Helps Expand Public Access to Scientific Knowledge

Internet users around the world got a Valentine's Day present last week in the form of new legislation that requires U.S. government agencies to improve public access to federally funded research. Under the bill's proposal, agencies like the National Science Foundation, which invests millions of taxpayer dollars in scientific research every year, must design and implement a plan to facilitate public access to -- and robust reuse of -- the results of that investment.

Rebooting Computer Crime Law: The Punishment Should Fit the Crime

The Computer Fraud and Abuse Act's broad language and draconian penalty scheme allows overreaching prosecutors to abuse their discretion. This can turn minor incidents with no real harm into serious criminal prosecutions, with the threat of long prison sentences and the consequences that go along with a felony conviction -- like not being able to vote. Computer crime can be serious and law enforcement should properly investigate and prosecute those who use computers to cause financial harm and violate the privacy of others. But at the same time, punishments should fit crimes.

EFF Updates

FAA Releases New Drone List -- Is Your Town on the Map?

The Federal Aviation Administration has finally released a new drone authorization list. This list, released in response to EFF's Freedom of Information Act lawsuit, includes law enforcement agencies and universities across the country, and -- for the first time -- an Indian tribal agency. In all, the list includes more than 20 new entities over the FAA's original list, bringing to 81 the total number of public entities that have applied for FAA drone authorizations through October 2012.

Trademark Bully Thwarted: 'Spots the Space Marine' Back Online

Score one for the space marines. Last month, the UK game developer Games Workshop complained to Amazon that an ebook, Spots the Space Marine, infringed its trademarks in the term "space marine." When the author protested, Amazon initially refused to reinstate the book and instead politely suggested she resolve the dispute directly with Games Workshop. We were able to intervene and, to Amazon's credit, the company reviewed the claim and restored the book.

Obama Calls for Patent Reform to Topple Trolls

In a welcome turn of events, President Barack Obama spoke directly to the patent troll problem and the need for more comprehensive patent reform in a live online question and answer session. The president was responding to a question by the prominent electrical engineer and entrepreneur Limor "Ladyada" Fried, who in 2009 won an EFF Pioneer Award for her work with free software and open-source hardware.

Don't Be Fooled: "Six Strikes" Will Undoubtedly Harm Open Wireless

The Center for Copyright Information has claimed in a recent blog post that the copyright surveillance machine known as the Copyright Alert System -- or "Six Strikes" -- would not cripple libraries and cafes that provided open wireless networks. To put it bluntly: We disagree.

Egyptian Court Orders 30-Day Ban On YouTube Over Hosting "The Innocence of Muslims" Video

The Cairo Administrative Court has issued a 30-day ban order on YouTube and all other websites that host or link to content from the anti-Islam film "The Innocence of Muslims," which was protested worldwide after footage from the trailer was shown on Egyptian television. The court's ruling may force the hand of the National Telecom Regulation Authority and the Ministry of Communications and Information Technology, which have refrained from pursuing such a ban themselves.

As Secretive "Stingray" Surveillance Tool Becomes More Pervasive, Questions Over Its Illegality Increase

A few months ago, EFF warned of a secretive new surveillance tool, commonly referred to as a "Stingray," being used by the FBI in cases around the country. Recently, more information on the device has come to light and it makes us even more concerned than before.

miniLinks

Bloomberg: Fix Copyright for a Creative World

Obama didn't say much about copyright in his State of the Union speech. But in a perfect world, he might have delivered something along these lines.

Readwrite: The Problem With A 100-Word Privacy Policy

Should privacy policies be limited to 100 words, as outlined in one California lawmaker's proposed bill? In a word: no.

Administrivia

Editor: Parker Higgins, Activist
editor@eff.org

EFFector is a publication of the Electronic Frontier Foundation.
eff.org

Reproduction of this publication in electronic media is encouraged. MiniLinks do not necessarily represent the views of EFF.

Back issues of EFFector

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San Francisco, CA 94110-1914
United States

Imagine If Christopher Dorner Was a Tea Party Member Paul Joseph Watson | Media censors Obamanoid cop killer’s manifesto. Drudgereport: EX-LAPD WANTED IN COP SHOOTINGS...
Left 20-page manifesto on FACEBOOK...
Uncensored... { http://albertpeia.com/niggersmanifesto.htm }
Supports gun control, Obama and Piers Morgan... { Yeah … and venal-la feinstein’s position on guns too … he seems the perfect fit for DHS (homeland security); you know, disarm the sane leaving them defenseless while stocking up on heavy weaponry they and other nut-cases can kill you with … loves O …You can’t make this stuff up in pervasively corrupt, meaningfully lawless, defacto bankrupt america http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
Wrote online message to Tebow...

California Announces Semi-auto Confiscation Plan

Kurt Nimmo | Firearms owners would have semi-autos confiscated by the state.

Another Democrat Calls for Gun Confiscation

New York Gov: Gun Confiscation and Forced Buy-back an Option

Video: New York Democrats Plan for Gun Confiscation

Obama to Put “Full Weight” Behind Feinstein Gun Confiscation Plan

American Gun Owners to be Fingerprinted and Registered: Feinstein Announces Nightmare Plan

Mayor Predicts “Waco-Style Standoff” In Response to Obama Gun Confiscation

New Orleans Mayor Admits Illegal Gun Confiscation

Gun Confiscation Bill Introduced in Congress

Iowa lawmaker calls for retroactive gun ban, confiscation of semi-automatic weapons

Firearm Confiscation Plan Announced For America

NRA: The Untold Story of Gun Confiscation After Katrina

Military & Police React to Obama’s Total Gun Confiscation Plan

Tony Bennett: If Americans Keep Firearms, “Rest of the World Will Really Take Care Of Us”

Kurt Nimmo | Compares America upholding Second Amendment to Nazi Germany. { Come on! Who takes anthony dominick benedetto aka tony bennett seriously … his herpes virus has migrated to his brain! }

eff.org In our 629th issue:

UPDATES

MINILINKS

ANNOUNCEMENTS

Fix Computer Crime Law in Aaron Swartz's Memory

Since the tragic death of Aaron Swartz, people are starting to focus on the draconian U.S. computer crime laws that were misused in his prosecution. While we have been struggling with problems in the Computer Fraud and Abuse Act (CFAA) for years, this new attention means we may be able to get meaningful reform -- but not without a great deal of public support. Important efforts, like Rep. Zoe Lofgren's proposed "Aaron's Law," do not go far enough. We've outlined the three most critical fixes that the CFAA needs, and put together a page where you can contact your legislators to tell them that any proposed solution needs to address all three of these points. Please take action today.

Is It Illegal To Unlock a Phone? The Situation is Better -- and Worse -- Than You Think

Legal protection for people who unlock their mobile phones for use on other networks expired last weekend. According to the claims of major U.S. wireless carriers, unlocking a phone bought after January 26 without your carrier's permission violates the Digital Millennium Copyright Act whether the phone is under contract or not. In a way, this is not as bad as it sounds. In other ways, it's even worse.

Facebook Graph Search: Privacy Control You Still Don't Have

Facebook's Graph Search has certainly caused quite a stir since it was first announced two weeks ago. We wrote earlier about how Graph Search, still in beta, presents new privacy problems by making shared information discoverable that previously was hard, if not impossible, to find at a large scale. Some unwanted search results come from associations with friends and family -- and are therefore out of your control. We urge Facebook to fix this problem by letting people opt out.

EFF Updates

Lenz v. Universal: This Baby May Be Dancing To Trial

After years of litigation, it appears Stephanie Lenz may have a chance to tell her story to a jury. Back in 2007, you’ll remember, she posted a video to YouTube of her son dancing and running around with Prince's “Let's Go Crazy” playing in the background. Now Judge Jeremy Fogel has issued a ruling in the case that has sent contradictory signals on the future of fair use under the DMCA.

Twitter's New Transparency Report Shows Increase in Government Demands, Sheds Light on Copyright Takedowns

Twitter has released its second semi-annual transparency report, which details every user data demand, censorship order, and copyright takedown request that the micro-blogging site received in the second half of 2012. As with Google's recent transparency report, there was a clear increase in government demands for user data, with the United States leading by far.

A Victory for Colombia: Constitutional Court Strikes Down Draconian Copyright Expansion Bill

Good news from Colombia, where the Constitutional Court has struck down a sweeping copyright enforcement law because Congress had fast tracked the bill and overstepped various legislative procedures. The Court also ruled on the constitutionality of the law itself, overruling provisions against the retransmission of TV content and signals over the Internet as well as its language on technological protection measures.

A Year After SOPA, A Look At The Next Five Battles For Internet Freedom

One year ago this month, Internet users of all ages, races, and political stripes participated in the largest protest in Internet history. Congress was flooded with millions of emails and phone calls to demand they drop the Stop Online Piracy Act (SOPA)—a dangerous bill that would have allowed corporations and the govenrment to censor large parts of the Web. But the price of freedom is eternal vigilance, and the fight for Internet freedom continues. Here’s a look at the top five issues SOPA activists should focus on next.

The Gulf States: Shared Geography, Shared Culture, Shared Oppression

In the countries that comprise the “Gulf States,” citizens are increasingly taking to social media to air their grievances against government officials, and are also increasingly being arrested, detained, or harassed for it.

What the FBI Doesn't Want You To Know About Its "Secret" Surveillance Techniques

The FBI had to rewrite the book on its domestic surveillance activities in the wake of last January's landmark Supreme Court decision in United States v. Jones. But if you want to see the two memos describing how the FBI has reacted to Jones -- and the new surveillance techniques the FBI is using beyond GPS trackers -- you’re out of luck. Though the FBI won’t release the memos, we do have some information from other sources on the surveillance techniques federal agents are already using.

miniLinks

EFF Twitter Headers to Flaunt Your Love of Internet Freedom

We created some digital shwag to celebrate Internet Freedom Day -- the one year anniversary of the Internet-wide blackout protests that killed the censorship bills SOPA and PIPA. Check out these images, designed to be used as Twitter headers.

Last call for 2012 Drone Census

Since last July, hundreds of ordinary citizens have helped MuckRock and EFF file records requests to map the deployment of drones across the country. As MuckRock prepares to close the 2012 installment of this project, users have a last opportunity for their request to be included in the first year's results.

Aaron's Army: Carl Malamud's Remark at Aaron Swartz's Memorial

Carl Malamud's stirring call to action at Aaron Swartz's San Francisco memorial this month should serve as a reminder: Aaron's actions were not those of a lone wolf, and his cause is our own.

Supported by Members

Our members make it possible for EFF to bring legal and technological expertise into crucial battles about online rights. Whether defending free speech online or challenging unconstitutional surveillance, your participation makes a difference. Every donation gives technology users who value freedom online a stronger voice and more formidable advocate.

If you aren't already, please consider becoming an EFF member today.

Donate Today

Administrivia

Editor: Parker Higgins, Activist
editor@eff.org

EFFector is a publication of the Electronic Frontier Foundation.
eff.org

Membership & donation queries: membership@eff.org

General EFF, legal, policy, or online resources queries: info@eff.org

Reproduction of this publication in electronic media is encouraged. MiniLinks do not necessarily represent the views of EFF.

Back issues of EFFector

454 Shotwell Street
San Francisco, CA 94110-1914
United States

Top Bodybuilder Warns: Don’t Drink The Tap Water!

Infowars.com | Yates claims it could even be a conspiracy to block humanity reaching higher levels of spiritual awareness.

Fluoride: Calcifier of the Soul

Fluoride: Don’t Drink the Water

Fluoride Spill At Illinois Water Facility Requires Haz-Mat Response, But It’s Ok To Drink

Your Toxic Tap Water

Government Recommends Lowering Fluoride Levels in U.S. Drinking Water

ADA study confirms dangers of fluoridated water, especially for babies

We Are Change Austin: Don’t Drink the Water

Fluoride in Water Linked to Lower IQ in Children

Common Food Items Could Contain 180 Times More Fluoride Than Tap Water

Common Food Items Could Contain 180 Times More Fluoride Than Tap Water

Mount Pleasant Reduces Amount of Fluoride in Water

World Health Organization: Fluoridate Water-Supply Population-Specifically

The Resistance Begins: New York Gun Owners Refuse to Register; “Largest Act of Civil Disobedience in State History”

Mac Slavo | New York gun owners are organizing a resistance against what many believe to be the most, “brazen infringement on the right to keep and bear arms anywhere in the nation.” { Yes! Let the mafia and other mobsters/criminals register first! And believe it, everyone knows who they are. But, bribes go a long way in the tri-state northeast region and washington, d.c.. }

Video: Globalist Kingpin Predicts Nuclear War with Iran

Prison Planet.com | Globalist kingpin, renowned war criminal and Rockefeller co-conspirator Henry Kissinger is talking up a nuclear conflagration. { Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby doesn’t even have to pay kissinger for such folly! How ‘bout the turning point being the misguided balfour declaration and the subsequent existing 200+ illegal israeli nukes! }

Kissinger Predicts Nuclear War with Iran

Kurt Nimmo | Characterizes looming conflict as “a turning point in human history.” { Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby doesn’t even have to pay kissinger for such folly! How ‘bout the turning point being the misguided balfour declaration and the subsequent existing 200+ illegal israeli nukes! }

Sheriff Refuses to Enforce Unconstitutional Executive Orders in Arizona County

Kurt Nimmo | Criticizes Obama and political class in Washington for exploiting Sandy Hook massacre to push gun control agenda.

Airport Terror Announcements Now Being Played in Hotels

Paul Joseph Watson & Alex Jones | Employees and guests urged to report “suspicious behavior” under DHS program.

TSA Conducts Random Checks At Austin Train Station

Steve Watson | Passengers asked to “volunteer” to have bags searched.

Prince Harry’s Mental Problem: Murdering Afghans is Like a Video Game

Kurt Nimmo | Captain Harry Wales compares violent occupation of Afghanistan to an Xbox game. Taliban: Prince (harry) has 'mental problem'... { Indeed he does! Well, what else is there to do but to run around the world killing people. After all, bastard son of Hewitt, he’s not too bright nor good at anything at all and he brits are known worldwide as such s**ts as they did in his own mum too. }

Germany Starts a Central Bank Run JAN 17 - CHRISTIAN A. DEHAEMER
http://albertpeia.com/trustingamericainsanity.htm

The Bundesbank Starts a Run on Gold { Yes, indeed … upon greater reflection, a 7 year wait to repatriate German gold stored at u.s./new york fed, really is a cause for concern. The question is not only whether it’s there (I doubt it!), not only whether what’s there has been displaced (stolen) and supplanted with tungsten gold plate (at best); but, even assuming arguendo it is still there (doubtful), given the undeniable inherent american proclivity for fraud and theft, whether the thieving american frauds will interpose some spurious pretext to preclude if not exclude the possibility of return (the story of america’s foreign and domestic policies in a nutshell). One really has to wonder as to the soundness and rationality of Germany’s decision in answering, why fraudulent america and not the renown, trustworthy and reputable Swiss Banks for storing their gold. } Everything the Bundesbank does is close to perfection. The very fact that it is calling in its gold is monumental in terms of questioning the "full faith and credit" of the United States Treasury... Read More...

{ There isn’t anything about america that’s not ultimately, in the final analysis, totally criminal/fraudulent! }

{ http://albertpeia.com/germangoldgone.htm , http://albertpeia.com/trustingamericainsanity.htm }

Taxpayers to Receive Credit For Surrendering Guns to Government

Kurt Nimmo | IRS credit to citizens who allow government to confiscate their firearms.

Mayor Predicts “Waco-Style Standoff” In Response to Obama Gun Confiscation

Paul Joseph Watson | “It’s not going to end well”.

Mississippi Governor Vows To Block Obama Gun Orders

Steve Watson | Presidential decrees are “Overreaching and anti-constitutional violation of our rights as American citizens”

Philadelphia Mayor Declares Economic Warfare on Gun Retailers

Paul Joseph Watson & Alex Jones | Financial Terrorism: Firearms sellers to be blackmailed into conforming to gun control. { Wow! Talk about denial/choom gang fantasy … in philly particularly, it’s the niggers (not the guns), stupid! }

Video: New York Democrats Plan for Gun Confiscation

Kurt Nimmo | Democrats in New York and Washington are not merely interested in outlawing what they erroneously describe as assault weapons. { Wow! Talk about denial/choom gang fantasy … in philly, new york, new jersey, Washington d.c., particularly, it’s the niggers, mobsters, gang members (not the guns), stupid! }

Many More Sheriffs Vow Not To Enforce Federal Gun Control Laws

Steve Watson | Oregon law enforcers leads national fight against Obama gun grab.

Rand Paul Vows to Torpedo Obama Executive Orders

Paul Joseph Watson | New legislation would nullify gun control dictates.

Prohibition doesn’t work for alcohol or marijuana, but it will somehow work for guns

Mike Adams | Prohibition doesn’t work.

With the Stroke of a Pen: Obama Moves to Ban Sale and Manufacture Of Semi-Automatic Weapons

Mac Slavo | High Capacity Magazines; Will Require Universal Registration.

Marco Rubio pushes back at Colin Powell’s diversity criticism of Republican Party

01/14/2013 { powell is the quintessential, incompetent token nigger! He is, along with fellow nigger wobama who similarly fails to call a spade a spade, the necessary concomitant to the decline/fall ofpervasively corrupt, defacto bankrupt america! }

Read more: http://dailycaller.com/2013/01/14/gop-congressman-threatens-impeachment-if-obama-uses-executive-action-for-gun-control/#ixzz2I0x7RWxh

Obama’s ‘kill list’ critic found dead in New York City (76 comments) Visionary internet activist Aaron Swartz found dead; was this brilliant internet revolutionary ‘taken out?’ Mike Adams | Swartz was found dead yesterday, and the official story is that he committed suicide. But Swartz himself would have wanted us to question the official story and dig deeper.

18 Facts That Prove That Piers Morgan Is Flat Out Lying About Gun Control

http://albertpeia.com/piersmorganlyingaboutguncontrol.htm

Senate extends warrantless wiretapping under FISA

Oliver Stone to RT: ‘US has become an Orwellian state’

Chicago murder rate sets new record

A Thursday evening shooting in the west side of Chicago marked a milestone for the Windy City: for the first time since 2008, the city can likely claim 500 homicides in a single year.

Government and Big Banks Joined Forces to Violently Crush Peaceful Protests Posted by: George Washington Post date: 12/31/2012 - Mussolini Would Call It Fascism

US 3D Diplomacy of Domination Doctrine: Democracy, Dollars and Drugs RT.com ‘US troops are set to leave Afghanistan in 2014, but an unidentified number will stay behind.  This is an open-ended occupation that, combined with a pernicious drug war, constitutes a clear and present danger to Afghan, regional and global security.

Here’s the full transcript of a Q&A session where I fielded questions from rambunctious Iranian journalist Kourosh Ziabari on US adventurism in Afghanistan.

Kourosh Ziabari:What do you think about the US-Afghanistan Strategic Partnership Agreement? Will this agreement pave the way for the continuation of US presence in Afghanistan after the troops’ withdrawal of 2014? Won’t such an agreement be detrimental to the interests and security of Afghanistan?

Evgeny Kruschev: Well, if the American mentors themselves consider the Afghan army and police force ‘a joke,’ and are pretty outspoken about the opium poppy puppet regime they hate but have to bolster, what kind of ‘partnership’ are you talking about?

The Afghan/American security misalliance is a livid example of smoldering antagonism, punctuated by point-blank green-on-blue stings; therefore by default any agreement between master and servant would be unilaterally enforced or violated at the whim of the overlord, notwithstanding the lofty legal verbiage committed to paper.

It is not this or the follow-up SOFA, Status of Forces Agreement between Washington & Kabul, which per se is detrimental to the future of Afghanistan.

KZ: There are reports indicating that since the American invasion of Afghanistan in 2003, the cultivation of opium has increased dramatically and the United States hasn't taken any major steps to fight the drug trade in the war-torn country. You've written on this extensively. Would you please explain more about that? Is it a large-scale US policy to condone the rise of drug production?

EK: Purportedly, the White House, whatever its political coloration, has been on the record against narcotics at home and abroad. The grim reality is the much-touted US War on Drugs is agitprop cover for a US drug war on us, worldwide.

Historically, Washington’s political, intelligence and military interference – Southeast Asia, South America, the Balkans and Africa – has been followed by an explosion of narco-production.

The United States doesn’t condone narcotics. It promotes drug production and consumption as a quintessential part of its undeclared ‘3D Diplomacy’ – democracy, dollars and drugs – to penetrate, corrupt and manipulate countries from within.

Afghanistan is just the latest and the most glaring case study of grisly symbiosis and synergy between the US boot print and local drug lords, which has transformed the country into American narco-reservation with more than 90 percent of the opium and cannabis market share, quietly killing 100,000 annually without any outrage in the mainstream media.

KZ: Where is the war in Afghanistan heading? Every day, we hear of more American and NATO troops being killed in bomb blasts along with more drone attacks on unarmed civilians, bringing destruction to a war-torn country that needs dozens of years to reconstruct its infrastructure. What's your perspective on that?

EK: What you postulated in the question – the war in Afghanistan – deserves a closer examination because all too often it’s misperceived as a vanguard of American GWAT, Global War on Terror.

Since 9/11, neither the White House nor the US Congress has declared any hostilities against any adversary anywhere. So in legal terms, America is not at war with anybody, including a smorgasbord of antigovernment elements in Afghanistan. However, it’s blatantly obvious that America is neither at peace with Afghanistan, its neighbors or the Muslim world at large.

In military terms, the US occupation of Afghanistan – OED, Operation Enduring Freedom – is a type of unconventional mission, however impossible, which is a subdivision of asymmetrical warfare.

The most ‘unconventional’ thing about this Operation Enduring Opium is to preserve and protect narco-democracy in Afghanistan under the disguise of the counterterrorism and counterinsurgency dog and pony show, while sponsoring and schmoozing with the frenemy and sometimes even shooting at them along both sides of the Duran Line.

On the other side, the American mission in Afghanistan constitutes an undeclared war against global security and stability where opium has been utilized as a hidden WMD, a weapon of mass destruction and distraction to advance ‘chaos management’ strategy.

As for US KIA & MIA in Afghanistan, it’s just a drop in the bucket compared to the domestic homicide rate and the Pentagon’s rape and suicide body count. In a sense, it’s a bargain: American blood and treasure for the 3D Diplomacy of Domination Doctrine.

Until Afghans sober up from American ‘greed is good’ values, and switch from war and drug profiteering to soul-searching, they will remain low-maintenance narco-slaves and mules on the US reservation, deprived of faith and national self-identity; fighting for democracy, dollars and drugs.

KZ: Do you agree with this American assumption that the Afghan National Army is incapable of providing security for the country without a US presence? Is it a good justification for the continuation of the military presence of the United States in Afghanistan?

EK: If would be unfair to present the US stance on Afghanistan as an undisputed consensus, because there has been no unanimity of views between the US military, intel and diplomatic communities on Afghan affairs, including operational readiness of the  ANSF, Afghan National Security Force. Whatever the White House’s assumptions on the issue, it cuts both ways.

On the one side, under US/NATO guidance, ANSF is unwilling and unable to take full responsibility and provide security and stability for the country. On the other side, the US has stubbornly refused the reality check that after having spent billions of dollars, the Pentagon is in fact training and financing the enemy: The current ANSAF is the future auxiliary force for the Taliban, and the spiraling trend of the green-on-blue attacks is a harbinger of things to come.

Yes, for the US it’s a self-defeating approach to continue to train the Afghan Army and police, but paradoxically, this pseudo strategy offers a cynical excuse for a permanent US residual force and the occupation of Afghanistan.

KZ: Would you please tell us more about the Red Team Study, which investigated the mutual perceptions of the Afghanistan army soldiers and the NATO coalition forces in Afghanistan? It seems that they are not much friendly toward each other and vent different grievances toward each other. What’s your take on that?

EK: Since September, I have posted a sequel on Afghan/American military and security ‘partnership,’ based on the first Pentagon Red Team Study on the subject, which was foolishly reclassified after the embarrassing findings had already been spilled into the public domain.

Obviously, there’s no love lost between Afghan green and American blue forces, but the situation is much worse than just a lack of friendship and camaraderie between alien and indigenous ‘partners.’

The title of the report defines the problem as ‘A crisis of trust and cultural incompatibility;’ I call it a ‘bloody credibility gap’ and ‘Afghan hatred vs. American disgust’.

The initial idea behind the Red Team studies at the Pentagon was to play devil’s advocate for the established policies and procedures, this time for the US training mission in Afghanistan. To the dismay and horror of top brass, this Red Team finding has accidentally revealed the main legacy of the US occupation – top-down, across-the-board institutionalized corruption, fueled by drug production in the host country.

However, the author came perilously close to the inevitable self-incriminating conclusion: It is nigh-impossible to advocate devil’s design and deleterious deeds behind America’s pernicious policy in Afghanistan.

The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of RT.

You Might Hate America If…

http://albertpeia.com/youmighthateamericaif.htm

Chicago reaches 500 homicides with fatal shooting AP

Petition Calls for Gun Free Zone at White House and Federal Buildings

Kurt Nimmo | Citizens demands feds turn in their firearms in the interest of safety.

India gang-rape suspects to face murder charges (CBS/AP) NEW DELHI - Indian police charged six men with murder on Saturday, hours after a woman who was gang-raped and beaten on a bus in New Delhi nearly two weeks ago died in a Singapore hospital. { Clearly, says the california-american jurist/jurisprudential scholar, this girl was not a victim but really ‘wanted it’ and while she may have been screaming/saying ‘no’, she really meant ‘yes’ since otherwise her body wouldn’t have permitted that rape (and beating) to happen. See … now that’s why we have professionally educated/trained judges … to ‘split the pubic hairs’, so to speak … (that judge should be forced to step down)} Calif. judge says a victims' bodies can prevent rape CBS News SANTA ANA, Calif. A Southern California judge is being publicly admonished for saying a rape victim "didn't put up a fight" during her assault and that if someone doesn't want sexual intercourse, the body "will not permit that to happen.” { Wow! Spoken like a true california american jurist. Well, with violent rapes on the rise along with other serious violent among other crimes in america and california particularly, and elections being what they are, ‘might as well go with the flow’ might have been the ratio-decedendi. After all, most violent criminals in america are closet pacifists/peace corp members and if the body says yes or no but the mind subconsciously says yes, only then will a rape happen (NOT!); and, no violent rapist would let a LIVE/CONSCIOUS rape-resistor get in the way of implicit consensual rape. Wow! I initially was going to quip, ‘he doesn’t get out much’; but, maybe he just ‘gets out too much’. Wow! What more can anyone say! [ If the foregoing didn’t make sense to you, that’s because the californication judge’s outrageous statement is absolutely preposterous! ] }

Putin on Magnitsky Act: Why do those behind Guantanamo lecture us on human rights?

Vladimir Putin has lashed out at the US’s Magnitsky Act dubbing it “a purely political, unfriendly move.”

More Than 2000 Children Are Murdered In The United States Every Single Day

http://albertpeia.com/2000americanchildrenmurderedeachday.htm

‘I don't care what the UN says!’ Netanyahu vows to continue illegal settlement activity

The Israeli prime minister has vowed to continue building settlements in the “Israeli capital of Jerusalem,” defying near-unanimous international criticism of the illegal activity in retaliation for Palestine's upgraded UN status.
Israeli settlement offensive: Unprecedented since 1967 War -The Israeli Interior Ministry has given the green light to 1,200 more homes in the occupied Eastern Jerusalem. The internationally-criticized expansion comes as retaliation for Palestinian Authority’s statehood bid.

NRA LaPierre: Hollywood, media, music, violent videos cause culture of violence... { There is indeed a culture of violence in america; that, along with a celibratory attitude toward crime and criminals generally (and of course, cowardice in the face of criminality, which didn’t apply to the Newtown, CT tragic scenario), along with the reality that crime in america pays, and pays well, and is largely protected at the highest levels. That said, I still oppose any and all censorship (a ‘slippery slope’ in a country now as this, best not tread on) to the extent that’s inferred from LaPierre’s cogent speech; though I believe it a stretch for anyone to have reasonably gleaned that from his words so eloquently put. I read the text of his entire speech as he made it. I believe he was correct in every significant respect; importantly, and simply put, ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. } NRA’s Wrongheaded Response to Sandy Hook Violence Infowars.com | NRA Executive Vice President calls for more cops in schools and a government database of the mentally ill. { The following ‘rebuttal’ from Infowars is not entirely unreasonable but I believe relies too much on the presumption of sanity among the american masses: ‘…LaPierre also announced a NRA model security program of armed volunteers to guard schools. He said Rep. Asa Hutchison, R-Ark., will lead the program for the lobbying organization. While the idea of armed citizen volunteers protecting schools is reasonable, the call for adding more police is not. The presence of police in public schools has created a number of problems – from tasering and handcuffing students to shooting them to death – in addition to fostering a prison-like environment [if the ‘shoe fits’]. As for creating a government database of people suffering from mental illness and then presumably denying them Second Amendment rights, this is a dangerous idea begging for government abuse [as was so in the former communist soviet union of old]. If the state is allowed to determine what mental illness is and who suffers from it, large numbers of people will undoubtedly have their right to own firearms denied (like veterans suffering from PTSD are denied their rights). It looks like the NRA is merely passing the buck on this issue and once again relying on government to devise solutions [this is an unfair criticism by infowars inasmuch as the NRA are not elected officials although, truth be told, as evidenced in the past election, u.s. elections are a total joke and are indeed ‘rigged’ – then there were as well the unprecedented terrorist threats of violence/rioting by the typically uncivilized niggers ( note that wobama, a nigger himself, registered no objection to those threats and intimidation – the uncivilized niggers having their way now with purported ‘civilized institutions’ – don’t forget the crime stats wherein niggers are the undisputed leaders by far ) as well as voter fraud, and incumbents did not want to rock their boat, aka ‘the uss titanic’ ]. The solution to public school violence is really quite simple – citizens must be fully empowered to exercise the right to self-protection and the protection of their families (defense is a natural right that has nothing to do with the real reason the Second Amendment was established). This right to self-protection cannot be denied by “gun free zones” that are in essence self-defense free zones…’ }

Facebook Purges Pro-Gun Accounts

Paul Joseph Watson | Massive act of censorship sees alternative media pages disappeared.

Is the End of the World Coming This Friday?

Aaron Dykes | The fast approaching December 21, 2012 end of the Mayan calendar has been hyped as an apocalyptic conclusion to life as we know it. APOCALYPTO: Panic spreads ahead of Mayan prophecy... { As I previously have stated: No, the world’s not ending … this year … but, there’s just decades left at best! The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any event. ] CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. [ 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). ] }

Society Is Crumbling Right In Front Of Our Eyes And Banning Guns Won't Help

http://albertpeia.com/americansocietycrumbling.htm

What 2013 Means For You, Your Portfolio and the Economy at Large

http://albertpeia.com/bad2013.htm

More Than 2000 Children Are Murdered In The United States Every Single Day

http://albertpeia.com/2000americanchildrenmurderedeachday.htm

You Won’t Believe The Crazy Things That Are Being Said About Gun Owners

http://albertpeia.com/crazythingssaidofgunowners.htm

22 Stats That Prove That There Is Something Seriously Wrong With Young Men In America

http://albertpeia.com/22statswhatswrongyoungamericanmen.htm

20 children, 7 others dead in school shooting Marketwatch { From the previous day, pre-shooting I posted : Don’t Let Your Child See a Psychiatrist. Jon Rappoport { In light of his expressed fear, psychologists can’t prescribe medication – though that’s changed somewhat in some states. Rappoport must realize that some parents, nuttier than fruitcakes particularly in america, might be the problem. Who then does the troubled child turn to?} That said, Every human emotion now classified as a mental disorder in new psychiatric manual DSM-5 Mike Adams { Well, I gotta tell ya … if the shoe fits, wear it … the reality is that the prevalence of mental disorders/mental illness in america is so great that reactions as those of mike adams (including shooting the messenger) are not unexpected; but, must be discounted. After all, insanity or close to it has indeed become the new normal, shaded/obscured somewhat by what’s deemed simple inherent criminality which masks the underlying ‘americinsanity’. }

Dozens Killed in Conn. School Shooting Wall Street Journal How do Americans handle their grief in the days following the deadly Connecticut school shooting? Lauren Kenney, bereavement services manager at Hospice By The Bay, offers some insights. Featured:Conn. school shooter killed self after gunning down 27TucsonSentinel.com - by Dylan Smith Opinion:The Sandy hook horrorNew York Post Wikipedia:Sandy Hook Elementary School shooting

Gun Grabbers Call for Murder of NRA President, Supporters in Wake of Mass Shooting

Melissa Melton | Twitter explodes with calls for murder and to repeal the 2nd Amendment after Connecticut shooting.

Alex Jones Rant: Obama Caught Fake Crying

PrisonPlanet.com | This NWO banker minion is desperate to disarm the American people and complete their journey into slavery.

Obama Wipes Away Fake Tears

Kurt Nimmo | Hypocrite-in-chief wipes away crocodile tears for Connecticut children.

Calif. judge says a victims' bodies can prevent rape CBS News SANTA ANA, Calif. A Southern California judge is being publicly admonished for saying a rape victim "didn't put up a fight" during her assault and that if someone doesn't want sexual intercourse, the body "will not permit that to happen.” { Wow! Spoken like a true california american jurist. Well, with violent rapes on the rise along with other serious violent among other crimes in america and california particularly, and elections being what they are, ‘might as well go with the flow’ might have been the ratio-decedendi. After all, most violent criminals in america are closet pacifists/peace corp members and if the body says yes or no but the mind subconsciously says yes, only then will a rape happen (NOT!); and, no violent rapist would let a LIVE/CONSCIOUS rape-resistor get in the way of implicit consensual rape. Wow! I initially was going to quip, ‘he doesn’t get out much’; but, maybe he just ‘gets out too much’. Wow! What more can anyone say! [ If the foregoing didn’t make sense to you, that’s because the californication judge’s outrageous statement is absolutely preposterous! ] }

Don’t Let Your Child See a Psychiatrist. Jon Rappoport {In light of his expressed fear, psychologists can’t prescribe medication – though that’s changed somewhat in some states. Rappoport must realize that some parents, nuttier than fruitcakes particularly in america, might be the problem. Who then does the troubled child turn to?} That said, Every human emotion now classified as a mental disorder in new psychiatric manual DSM-5 Mike Adams { Well, I gotta tell ya … if the shoe fits, wear it … the reality is that the prevalence of mental disorders/mental illness in america is so great that reactions as those of mike adams (including shooting the messenger) are not unexpected; but, must be discounted. After all, insanity or close to it has indeed become the new normal, shaded/obscured somewhat by what’s deemed simple inherent criminality which masks the underlying ‘americinsanity’. }

Every human emotion now classified as a mental disorder in new psychiatric manual DSM-5 Mike Adams { Well, I gotta tell ya … if the shoe fits, wear it … the reality is that the prevalence of mental disorders/mental illness in america is so great that reactions as those of mike adams are not unexpected; but, must be discounted. After all, insanity or close to it has indeed become the new normal, shaded/obscured somewhat by what’s deemed simple inherent criminality which masks the underlying ‘americinsanity’. }

Why Are Preppers Hated So Much?

http://endoftheamericandream.com

http://albertpeia.com/preppershated.htm

Nelson Mandela 'proven' to be a member of the Communist Party Telegraph.co.uk For decades, it was one of the enduring disputes of South Africa's anti-apartheid struggle. { The failed system of communism. Not surprising that a nigger would lache on to such where everyone’s ‘equal’; but, for no good reason, other than for party membership alone some are more equal than others. Well, close enough, but no cigar. After all, chimpanzees share a 98% identical DNA profile with modern humans; and, niggers share 99% (hence, that familiar simian look of the nigger. Interestingly, I must confess that I’ve more recently particularly, developed a well-founded aversion for and antipathy towards chimps, gorillas, oranguatangs and monkeys owing to the fact that they remind me of niggers! }

Jamie Foxx: Kill ‘All The White People’

Infowars.com | Jamie Foxx previously called Obama “Our lord and savior.”

Nelson Mandela 'proven' to be a member of the Communist Party Telegraph.co.uk For decades, it was one of the enduring disputes of South Africa's anti-apartheid struggle. { The failed system of communism. Not surprising that a nigger would lache on to such where everyone’s ‘equal’; but, for no good reason, other than for party membership alone some are more equal than others. Well, close enough, but no cigar. After all, chimpanzees share a 98% identical DNA profile with modern humans; and, niggers share 99% (hence, that familiar simian look of the nigger. Interestingly, I must confess that I’ve more recently particularly, developed a well-founded aversion for and antipathy towards chimps, gorillas, oranguatangs and monkeys owing to the fact that they remind me of niggers! }

Jamie Foxx Jokes About Killing ‘All The White People’ In His New Movie

Newsbusters | “I kill all the white people in the movie. How great is that?”

Nelson Mandela 'proven' to be a member of the Communist Party Telegraph.co.uk For decades, it was one of the enduring disputes of South Africa's anti-apartheid struggle. { The failed system of communism. Not surprising that a nigger would lache on to such where everyone’s ‘equal’; but, for no good reason, other than for party membership alone some are more equal than others. Well, close enough, but no cigar. After all, chimpanzees share a 98% identical DNA profile with modern humans; and, niggers share 99% (hence, that familiar simian look of the nigger. Interestingly, I must confess that I’ve more recently particularly, developed a well-founded aversion for and antipathy towards chimps, gorillas, oranguatangs and monkeys owing to the fact that they remind me of niggers! }

US 'trying to start new Cold War', says Russia Telegraph.co.uk Moscow furiously claimed that the new law, which also bars blacklisted Russians from owning US land and using the banking system, was evidence of a "vindictive desire" to damage Russia's world standing. { More of a ‘misery loves company’ thing; certainly in terms of and relating to world standing. After all, in that regard, pervasively corrupt, defacto bankrupt war-mongering america is in free-fall. Cold war? Let’s just call it a race to the bottom! }

Won’t Get Fooled Again? WMD Propaganda Greases Skids For Attack on Syria

Kurt Nimmo | The United States is now dusting off the WMD argument as it makes preparations to intervene militarily in Syria. { I couldn’t help but think the same thing … you know, ‘been there, done that’ … what a confused people ………. the americans are! }

The Coming Derivatives Panic That Will Destroy Global Financial Markets

http://theeconomiccollapseblog.com

http://albertpeia.com/derivativesbust.htm

20 Shocking Examples Of How Sadistic And Cruel People Have Become

http://endoftheamericandream.com

http://albertpeia.com/20examplessadistictwistedcruelty.htm

Gun Control INCREASES Gun Crime

Infowars.com | After handguns were banned in Britain, gun crime more than DOUBLED.

Lock Your Doors And Prepare To Defend Your Family

http://albertpeia.com/lockdoorsanddefend.htm

Monster Sinkholes An Indication That Major Earth Changes Are Coming Along The New Madrid Fault?

http://albertpeia.com/monstersinkholesearthquakescoming.htm

UN Control Of The Internet Would Mean UN Control Of Free Speech

http://albertpeia.com/uncontrolofinternetfreespeech.htm

Israel moves to build 3,000 new homes The plans include future construction in a strategic area where critics warn would kill hopes for a viable Palestinian state. { The never ending story courtesy of the war mongering, illegal nuke-toting, u.n. resolutions/international law scofflaw, war crimes nation israel. } Brzezinski: US must stop following Israel “like a stupid mule” Kevin Barrett | Brzezinski has drawn an unflattering picture of US-Israel relations. { And that goes for the politicians et als as well. Indeed, while there may have been (ie., in the past) a time that blind adherence to the pro-israeli line was a ‘political advantage’, that’s certainly no longer the case. In fact, for all Romney’s contra-indicated pro-israel babble, wobama’s jewish vote from the prior election was unchanged while Romney was hurt among other constituencies fearing a return to the moron bush neo-con/pro-israeli war mongering mindset. } { The unfortunate reality is that while rome burns, the ne(r)o cons fiddle with unreasonable israeli obsessive preoccupations born of paranoia and irrational quest for control of people who america and clinton herself warrant a separate state by way of the 2 state solution. The fact is, america’s problems are too large and grave for attention to israeli contrived, self-interested concerns. The reality is that pervasively corrupt, defacto bankrupt america has neither the time nor the resources to self-destructively ‘dance the tarantella’ with israel. }

EFF: In our 626th issue:

Deep Dive: ECPA and the Future of Electronic Privacy

In most issues of EFFector, we give an overview of all the work we're doing at EFF right now. Today, we're trying something new: doing a deep dive into a single issue. If our readers find this valuable, we'll try to give you an EFFector Deep Dive every few months.

Yesterday was a watershed moment in the fight for electronic privacy: the Senate Judiciary Committee overwhelmingly passed an amendment that mandates the government get a probable cause warrant before reading our emails. The battle isn't over -- the reform, championed by Senator Patrick Leahy (D-VT), still needs to pass the rest of the Senate and the House, and be signed by the President to become a law. But yesterday, thanks to thousands of people speaking out, we were able to begin the process of overhauling our archaic privacy laws into alignment with modern technology.

It was a big win for us, even if it was only the first step in the process of reforming privacy law to keep the government out of our inboxes. So we're dedicating this EFFector to the battle to reform outdated privacy law: what the government can get, what the law ought to be, and what we're doing to fix the gaping loopholes that leave users vulnerable to government snooping.

The Fourth Amendment and Electronic Privacy

The Fourth Amendment protects us from unreasonable government searches and seizures. In practical terms, this means that law enforcement has to get a warrant -- demonstrating to a judge that it has probable cause to believe it will find evidence of a crime -- in order to search a place or seize an item. In deciding whether the Fourth Amendment applies, courts always look to see whether people have both a subjective expectation of privacy in the place to be searched, and whether society would recognize that expectation of privacy as reasonable. The Supreme Court made this point clear in a landmark 1967 case, Katz v. United States, when it ruled that a warrantless wiretap of a public payphone violated the Fourth Amendment.

The Third Party Doctrine, or How the Supreme Court Got Us Into This Mess

In 1979, the Supreme Court created a crack in our Fourth Amendment protections. In Smith v. Maryland, the Court ruled that the Fourth Amendment didn't protect the privacy of the numbers we dialed on our phones because we had voluntarily shared those numbers with the phone company when we dialed them. This principle -- known as the Third Party Doctrine -- basically suggests that when we share data with a communications service provider like a telephone company or an email provider, we know our data is being handed to someone else and so we can't reasonably expect it to be private anymore.

The government took this small opening created by Smith v. Maryland and blew it wide open. It argued that this narrow 1979 decision about phone dialing applied to the vast amount of data we now share with online service providers -- everything from email to cell phone location records to social media. This is bogus and dangerous. When we hand an email message to Gmail to deliver on our behalf, we do so with an intention that our private communications will be respected and kept in strict confidence, and that no human being or computer will review the message other than the intended recipient. But the government argues that because we handed our communications to a service provider, the Fourth Amendment doesn't require them to get a warrant before snooping around our inbox.

Luckily, the courts are beginning to agree with us. In a leading case where EFF participated as amicus, United States v. Warshak, the Sixth Circuit Court of Appeals agreed with us that people had a reasonable expectation of privacy in their email, even if it is stored with a service provider, and therefore the government needed a search warrant to access it. And in the recent Supreme Court case, United States v. Jones, Justice Sotomayor said that she thought the Third Party Doctrine was outdated, while she and four other Justices -- including Justice Alito -- raised concerns about the information gathered by our cellphones.

The Eighties Were Good for a Lot of Things -- But Not Sustainable Email Privacy Law

It's not just the Constitution, however. Congress has made clear that certain forms of data are protected by federal statute as well. Following the Katz decision, Congress passed the Wiretap Act in 1968, supplementing the strong Fourth Amendment privacy protections in phone conversations by enacting a comprehensive set of federal statutes. These statutes were designed to ensure that law enforcement has a compelling reason before intercepting phone calls.

And as electronic communication started to become more prevalent, Congress passed the Electronic Communications Privacy Act (ECPA) in 1986 that somewhat improved the privacy rights around certain electronic communications. But as it reflects the technology of 1986, ECPA has aged poorly. It doesn't address documents stored in the cloud, information revealing our personal associations, or the vast quantities of location data our mobile devices collect on us everyday. And, as a result of loopholes in the law, the Department of Justice, citing ECPA, has argued that it has a right to access emails without a warrant as soon as they are 180 days old, or have been opened and left on the server.

We think that 180-day limit and a distinction between opened and unopened email is arbitrary and wrong. As the Washington Post said in an editorial earlier this week, "If you left a letter on your desk for 180 days, you wouldn't imagine that the police could then swoop in and read it without your permission, or a judge's."

That's why this week's vote was so important: it was a critical first step in updating ECPA to evolve with the modern technologies we use today, and to close archaic loopholes that give government too much access with not enough judicial oversight.

What EFF and Activists Like You Are Doing

We're taking a two-prong approach.

First, we're fighting for the Fourth Amendment in the courts. We practice impact litigation, taking on clients pro-bono in cases where we believe we can create positive legal precedent around digital privacy and government surveillance. We also submit amicus briefs in cases where we don't have a direct client, such as in the Warshak and Jones cases noted above. In Warshak we argued that the government could only access emails stored on an ISP with a search warrant, notwithstanding the third party doctrine. And in Jones, we argued the government's attachment of a GPS tracking device to a car for 28 days was a Fourth Amendment "search," meaning a warrant was required. The Court agreed with us in both cases, and as a result privacy protections are stronger now than in the past. And we've filed many more amicus briefs this past year, arguing for a search warrant requirement in cases involving cell phone location records [PDF], GPS devices, and home video surveillance.

Second, we're creating a movement of engaged Internet users and rallying them to demand the government stay out of our email. Yesterday's win was a result of the tens of thousands of concerned individuals who signed our petition to Congress calling for ECPA reform and who spoke out in other ways. We're also teaming up with advocacy groups, web companies, start-ups, and venture capitalists in demanding ECPA reform through the Digital Due Process coalition. And we recently joined other advocacy groups in launching VanishingRights.com.

What aren't we doing? Compromising. Unfortunately often the pressure in DC inside politics is to trade off one important right against another. We don't think that's EFF's role. Instead, we're advocating for what's best for the Internet and Internet users, and while we are flexible, we aren't willing to horse trade with your privacy and due process.

Want to read more about ECPA and our work to reform it? Check out these links:

Attempt to Modernize Digital Privacy Law Passes the Senate Judiciary Committee

ECPA and the Mire of DC Politics: We Shouldn't Have to Trade Video Privacy to Get Common-Sense Protections of our Email

Don't be a Petraeus: A Tutorial on Anonymous Email Accounts

Reform to Require Warrant for Private Online Messages Up for Vote, but Down on Privacy

When Will Our Email Betray Us? An Email Privacy Primer in Light of the Petraeus Saga

Administrivia

Editor: Adi Kamdar, Activist
editor@eff.org

EFFector is a publication of the Electronic Frontier Foundation.

454 Shotwell Street
San Francisco, CA 94110-1914
United States

Obama = Jesus???

http://thetruthwins.com

{ Come on! The purported notion is typical ‘nigger/race card’ b***s***! So preposterous is this that I’ll waste not even a second more addressing it! Absolutely ridiculous! Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }

Drudgereport: PRAVDA: Obama 're-elected by illiterate society'... { Or ill something or other in addition to illiterate! To reiterate and quote Ron Paul: america’s far gone! http://albertpeia.com/obamberthemistake.htm }

UN EYES CONTROL OF INTERNET { Come on! The un can’t even do what they are supposed to do! Enforce resolutions as to some nations, not others … war crimes delineated for some nations, not others … then the corruption, wasted resources, etc.. They are the ‘uncompetent’ bent on destroying/controlling the viability of the important free flow of information! }

Brzezinski: US must stop following Israel “like a stupid mule”

Kevin Barrett | Brzezinski has drawn an unflattering picture of US-Israel relations. { And that goes for the politicians et als as well. Indeed, while there may have been (ie., in the past) a time that blind adherence to the pro-israeli line was a ‘political advantage’, that’s certainly no longer the case. In fact, for all Romney’s contra-indicated pro-israel babble, wobama’s jewish vote from the prior election was unchanged while Romney was hurt among other constituencies fearing a return to the moron bush neo-con/pro-israeli war mongering mindset. }

info@fightforthefuture.org

Dear Albert,

We have emailed you twice before about VanishingRights.com and the opportunity we have to speak out and demand that Congress update a 1986 privacy law. Since you live in a state with a senator on the Senate Judiciary Committee, we are emailing you one last time to ask that you please take a moment to contact your senators about this issue!

This Thursday, the Senate Judiciary Committee is considering an update to the Electronic Communications Privacy Act to ensure our email and online data finally receive the same privacy protections from government access as postal mail and phone calls.

However, Sen. Grassley of Iowa is pushing a terrible amendment to allow government agencies to read our email without a warrant. This would make our privacy situation WORSE, not better. Grassley’s amendment would give government agencies like the SEC and IRS even more access to our emails and private data.

Please go to VanishingRights.com to tell your senators you oppose Grassley's amendment. Urge them to support warrants for email.

Better yet, get on the phone and call your senators! Use the phone numbers and the simple script below if you’re not sure what to say.

Thanks so much. This issue is gaining a lot of momentum and our coalition now includes over a dozen groups from across the political spectrum including the ACLU and the American Library Association. Please add your voice to the mix by calling or emailing your senators today!

Thanks again!
-Evan from FFTF, on behalf of the whole team.
http://www.vanishingrights.com

Senate Judiciary Phone Numbers:

ALABAMA: Jeff Sessions - (202) 224-4124
ARIZONA: Jon Kyl - (202) 224-4521
CALIFORNIA: Dianne Feinstein - (202) 224-3841
CONNECTICUT: Richard Blumenthal - (202) 224-2823
DELAWARE: Christopher A. Coons - (202) 224-5042
ILLINOIS: Dick Durbin - (202) 224-2152
IOWA: Chuck Grassley - (202) 224-3744
MINNESOTA: Amy Klobuchar - (202) 224-3244
MINNESOTA: Al Franken - (202) 224-5641
NEW YORK: Chuck Schumer - (202) 224-6542
OKLAHOMA: Tom Coburn - (202) 224-5754
RHODE ISLAND: Sheldon Whitehouse - (202) 224-2921
SOUTH CAROLINA: Lindsey Graham - (202) 224-5972
TEXAS: John Cornyn - (202) 224-2934
UTAH: Michael S. Lee - (202) 224-5444
UTAH: Orrin Hatch - (202) 224-5251
WISCONSIN: Herb Kohl - (202) 224-5653

Suggested script, be sure to be polite!

“Hello, my name is ________________________ and I’m from _____________________. I’m calling to urge the Senator to vote on November 29th to update the Electronic Communications Privacy Act, and to oppose Senator Grassley’s amendment that would further undermine my privacy.. Our nation’s privacy laws are outdated and do not adequately protect online communication. My emails, text messages, and online documents should have the same protections as my postal mail, my personal documents, and my phone calls. All government agencies should need a warrant to obtain these documents, or track my location using my cell phone. I know that the Senator cares deeply about protecting individual liberties and supporting small businesses, and I hope that he / she will support legislation that guarantees privacy protections to all Americans and American businesses who use the Internet.”

Lakers hire Mike D’Antoni as coach, passing on Phil Jackson Phil Jackson was “asking for the moon,” according to a source familiar with the situation. Mike D'Antoni's Lakers contract is three guaranteed years at $12 million { Phil was just being nice. He certainly doesn ’t need the money; and, I must say, I would have lost a lot of respect for him had he done a deal with them. After all, given all he’d done for the lakers, the way they (ie., jerry west bad mouthed him, ie., lifestyle, beliefs, choice of location, etc.) bad mouthed him, I personally would have told them to go f*** themselves [ I essentially did as much with my two largest jersey clients who asked that I return to representing them after the ‘split’ with them, which would have meant long-term mob ‘affiliation’ (and as per their thinking/protocol an ‘obligation’), albeit tacitly; although I must say I hadn’t anticipated fully the pervasive clout of the mob in jersey and infiltration of the equally corrupt federal system there and elsewhere and the dire consequences they contrived for me thereafter- la/ca better, but not much- and, though California was deservingly rated lowest recently among all places in the states to live, Malibu excepted, I would put jersey lower than california; and, prospectively, there’s disaster in a big way rivaling/exceeding jersey shore/rockaway beach queens new york in proportion ‘a-coming’. ] You can’t take it with you. In the end, all you really have is your spirit, dignity/integrity, self-respect, all of which are sorely lacking in america generally, and california/new jersey/new york/connecticut/virginia especially. The recent ‘election’ also confirms this very american trend of corruption, decline, and abject failure. Phil Jackson will always be a winner, a champion! }

FACEBOOK RESPONSE:

Bob: I'm 100% behind law enforcement in their ever more increasingly difficult task of law enforcement, in this ever more lawless nation, particularly in meaningfully lawless new jersey. Unfortunately, when I went to vote, I was asked to grant facebook broad 'authority' which as a matter of internet policy (to prevent a multitude of problems, hacking, etc.) I don't do (facebook's very politicized in a pro-wobama way and hooked into those goldman frauds et als, on fraudulent wall street). Since wobama people do it, you can put in an extra vote on my behalf. I'm currently stonewalled awaiting a formal reply from the fbi inasmuch as I must account for my time wherever I ultimately locate. Below is some recent posted commentary and a response to Congresswoman Roybal-Allard as per her request (I did not receive a reply from Sen. Feinstein regarding the aforesaid matters). Hope you and your family are well.

Regards,

Al

Dianne Feinstein: No need to debate Republican opponent... { Riiiight! Things are going so swimmingly (as in drowning) for the nation and california particularly. Actually, I responded to a ‘generic’ email / facebook request from her with my subsequent request that she help to elicit a formal response from the FBI as promised regarding the RICO matters (the other incompetent, failed perrenial senator barbara boxer actually had ‘made her presence known’ in the corrupted process regarding usdcj matz/lester and the default of the u.s. which missed the filing date which error was compounded by the misstatement of the rule in court on the record by asst. us attorney robert i. lester); but, no response... http://albertpeia.com/selfdefense.htm [ One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! ]

11-5-11 Dear Congresswoman Roybal-Allard:

The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:

‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’

Sincerely,

Albert L. Peia

America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm

Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

Guest Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words! It’s been my direct experience for quite some time now and is quite a pathetic scenario! } Legal precedent means nothing. Rule of law means nothing. Free speech means nothing. Their own treaties mean nothing. It’s unbelievable. Anyone in the west who honestly thinks he’s still living in a free society is either a fool or completely out of touch. If that seems too radical an idea, consider that ECUADOR is now the only nation which stands to defend freedom and human rights against an assault from the United States, the United Kingdom, and their spineless allies. The west has just become a giant banana republic. Have you hit your breaking point yet? If not now… when? { { I’m really constrained to interject my own direct experience with the FBI here; and, I must say I do so lamentably. If you want no real results vis-à-vis organized crime which now extends to the upper reaches, highest levels of the corrupt u.s. government, go to the FBI. I discounted the new jersey FBI as just typical corrupt, mob infested jersey which thinks in terms of discos/casinos. But, truth be told, they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their (understated) crime stats for even a second. I’m beginning to feel foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters directly who seem to have at least some sense of the magnitude of the fraud involved and the pervasive corruption of the system and government and maybe a semblance of honor in this nation of protracted decline. It never would have occurred to me back when for me, such a choice/decision was clear-cut and simple. Such a course as mine I no longer could recommend inasmuch as there is little difference between state/government sponsored crime/corruption and that perpetrated by other criminal elements, from my direct experience with both, infra: Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some federal workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the properties in my proceedings for which surplus funds are unaccounted for was a top floor balconied 2 bedroom 1 and 1/2 bath condominium (beach/boardwalk front w/indoor pool/sauna) in seaside heights, n.j. –10-31-12 Post Sandy: I’m wondering if it’s still there. ). But debauchery an american specialty? Another rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in the illegal drug trade). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city boy louis freeh, labeled by former Prosecutor Larry Klayman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.

Eyewitness Accounts Of Voting Machines Turning Romney Votes Into Obama Votes

http://albertpeia.com/bananarepublicusromneyvotestowobama.htm

There Will Be War In The Middle East {There will be blood!}

http://albertpeia.com/warandmiddleeast.htm

22 Signs That Voter Fraud Is Wildly Out Of Control And The Election Was A Sham

http://albertpeia.com/22signsvoterfraudelectionsham.htm

Vote Fraud Expert: Romney Votes Not Counted in Key States

Paul Joseph Watson | Florida and Ohio called for Obama before substantial number of ballots checked.

http://www.infowars.com/vote-fraud-expert-romney-votes-not-counted-in-key-states

Paul Joseph Watson
Infowars.com
November 9, 2012

Vote fraud expert Bev Harris told the Alex Jones Show that a substantial number of votes for Mitt Romney in the key battleground states of Florida and Ohio, both of which went to Obama, were not even counted before the result was announced.

Harris, the founder of non-partisan elections watchdog Black Box Voting Inc., is a well known vote fraud expert whose work has been featured in the New York Times, Washington Post, Time Magazine, CNN, ABC, MSNBC, CBS, Fox News, and NBC.

Harris said that a number of problems with voting in the days after the election came “flooding in” from across the country. As we previously highlighted, reports of electronic voting machine irregularities were widespread almost as soon as voting began on Tuesday.

Harris pointed to the actions of Karl Rove, who confronted Fox News for calling Ohio for Obama when only a mere fraction of the votes had been counted and the two candidates were separated by just 100,000 votes.

Rove attempted to explain to Fox News anchors that there were far too many outstanding votes left to be able to call Ohio for Obama, at least half a million and many in Romney strongholds, but his concerns were instantly dismissed.

“Based not on actual votes, but on projections from a single private entity, the National Election Pool (NEP), we were all told what the election results were going to be. When Rove pulled out his notes and calculations, he was basically told “Shut up, this is a science,” writes Harris.

Harris said the Ohio example was “emblematic” of what occurred throughout the night.

“I watched them call Tennessee eleven minutes after the polls closed without a single vote counted and with no exit poll,” Harris told the Alex Jones Show, joking that the people counting the ballots must have been “clairvotant”.

“Nobody knows anything about elections nowadays, what we are doing is watching the TV networks announce to us who the winner is based on a single private organization called NEP,” said Harris.

In Florida, which Democrats are claiming as an Obama victory, Harris noted how the voting trend changed only after the lights went out.

“They were calling Florida for Obama, they were separated by 40,000 votes, Pinellas County had just announced ‘we’ve set aside 10,000 ballots that we won’t count until tomorrow’….this is the stuff that’s really going on, there were 400,000 uncounted provisional ballots in Arizona and there were massive meltdowns in Pima County….so we are just now beginning to unravel what really happened during this election,” said Harris.

Harris emphasized that she was an Independent and supported neither major candidate, but that the system was obviously broken and bore little resemblance to a democratic process.

She also pointed out how the outcomes of key battleground states were announced before the voting machine results were even counted.

Harris said she was still going through the reams of data in her possession and would be releasing more information on her website next week.

“If we’re going to accept the idea that they can just tell us who won without counting any votes then….do we deserve this?” asked Harris.

16 Quotes That Show How Much People Are Freaking Out Over Four More Years Of Obama

http://thetruthwins.com

http://albertpeia.com/16quotesfreakout.htm

The Politicians We Have Chosen Reflect Who We Are As A Nation

http://albertpeia.com/politicalmirror.htm

America Has Shifted To The Left And The Culture War Is Over

http://albertpeia.com/americasleftturn.htm

U.S. Piled Up More Debt Since Election Day ’08 Than Under All Presidents From Washington Through Clinton

CNS News | The federal government has now piled up more debt since Election Day 2008 than it did under all presidents from George Washington through Bill Clinton.

http://www.prisonplanet.com/10-dire-consequences-of-obamas-re-election-victory.html

Thousands Of Shocking Threats Of Violence By Obama Supporters On The Eve Of The Election
http://theeconomiccollapseblog.com
http://albertpeia.com/funlovinniggers.htm
{These dumb niggers/losers (that includes ‘the white folks’ et als self-destructively supporting unequivocally failed, jive-talking grifter, nigger obama) are nothing less than terrorists and should be treated accordingly; unless the so-called ‘war on terror’ was but a diversion from the incompetence and failure of this and prior administrations! }

Bloomberg: In Your Face Warming Propaganda

Prisonplanet.com | Meanwhile actual scientists disagree. { bloomberg’s actually proven himself to be the failed flake of new york historic proportion; from soda, to smoking tobacco (as in california, only crack, marijuana, etc., are allowed), to encouragement of the ‘fraudulent-wallstreet-centric’ climate, etc.. He also if you’ve watched closely, seems to have gotten very weird indeed. Prescription drugs maybe? Valium? Prozac, etc.? }

Man Arrested For Threatening to Shoot Romney

Paul Joseph Watson | “Can we leave, because Romney is in town and I want to go shoot him”.

Debates 'diminished' Obama, says Romney "You can boil down what he's saying to four simple words: more of the same," Romney said today in Reno. { I’m truly astounded that after 4 years of b***s***, lies, profligate spending for obfuscation but much vacation, and consequent unequivocal failure, people are even listening to, much less ‘buying’ what wobama desperately says. Not even a word from 0 is worth listening to. That includes those who should supposedly know better. Moreover, self-respect requires that americans reject wobama’s desperate campaign slings, arrows, and desperate entreaties which ignore the reality of his blatant failure in large part owing to his having failed to do as promised last ‘eternal campaign’. Then there’s the threats and intimidation from the niggers who are like ignorant, vicious animals in lockstep accord with the abject and utter presidential failure obama; yet, such typical ‘clannish’ racism by blacks is virtually ignored and rational opposition to the failure spelled ‘0’ is being cast as racist. How can any nation survive such contraindicated insanity. I’m truly amazed! }

Why Greg Smith Left Goldman: Wall St. Now an 'Eat-What-You-Kill System'

Dutch court says Samsung does not infringe Apple patent [ Though contrary, american courts almost without exception and the federal system generally, are so corrupt and lacking in credibility that they really deserve no precedential, jurisprudential respect…and get none. From my direct experience: One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). ( I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! http://albertpeia.com/selfdefense.htm ) ]

October Surprise? 8 Shocking Rumors That Could Change The Outcome Of The Election

http://albertpeia.com/shocking.htm

Ben Stein: Obama's 'whopping falsehood'

Pot-for-Votes Scandal Clouds California Election

Voter turnout increased 900% after mysterious fliers promised medical-grade marijuana

http://politix.topix.com/homepage/2617-pot-for-votes-scandal-clouds-california-election

New Threats to Riot if Obama Loses Election

Paul Joseph Watson | Buzz explodes across web.

New Threats to Riot if Obama Loses Election... [ The threats alone are a reason sufficient for backing President Romney. If left unchecked, the nigger terrorists will be even further emboldened to their already egregious criminal, terroristic ways. No man, woman, or child will be safe if the lethal black cancer grows. The 4 years of O have been complete, utter failure and no amount of wobama b***s*** and nigger intimidation can change that fact! Quite simply, niggers are inherently criminal terrorists: Examples of what people are saying include the following;

“If obama dont get re-elected & romney wins .. on life every white persons getting pistol whipped and im startin a riot.” (SOURCE)

“If Obama don’t win lets start a riot so Romney know what he’s getting himself into.” (SOURCE)

“You know you ain’t shit if you gotta “MAKE” Mafukas vote for ROMNEY ! …. Mannnn OBAMA better get back in office . Or BLACK FOLKS will riot.” (SOURCE)

“If Romney wins im goin on a rampage.” (SOURCE)

“If Mitt Romney wins the election I think its our duties as Black folks to riot and fuck shit up.” (SOURCE)

“If every action IS met with an equal and opposite reaction ..what should workers do to employers if Romney’s elected? #Riot in the streets!!” (SOURCE)

“If Romney becomes president let’s all start a riot.” (SOURCE)

“I Heard Mitt Romney , Tryna Take Away Food Stamps , If He Do .”IMA START A RIOT , IMA START A RIOT.” (SOURCE)

“If romney wins, imma start a mf’n riot! Rns.” (SOURCE) ]

[ Will The Election Results Cause Massive Riots To Erupt All Over America?
http://theeconomiccollapseblog.com http://albertpeia.com/massiveriotsinamerica.htm { Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm } ]

Farrakhan warns forces trying 'to keep America white'... { Another nigger threat! }
CHICAGOLAND: For second time, grandmother learns a grandson is shot to death...
5 dead, 25 wounded over weekend... { Just another day in niggerland! }

Will The Election Results Cause Massive Riots To Erupt All Over America?

http://theeconomiccollapseblog.com

http://albertpeia.com/massiveriotsinamerica.htm

{ Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

19 Numbers Which Prove That America Is Turning Away From Christianity

http://albertpeia.com/19numbersusturningfromchristianity.htm

CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). }

Romney leads by four points in post-debate survey

Police: "Enter Detroit At Your Own Risk"

http://albertpeia.com/detroitdeathsdoor.htm

A Jobs Report Conspiracy?

http://theeconomiccollapseblog.com

http://albertpeia.com/jobreportcon.htm

{ Come on! People have to start calling a spade a spade! O’s just a typical incompetent, jive-talking b***s*** nigger! He is so pathetic and a total embarrassment! }

‘Well, isn't that convenient?  The Obama campaign desperately needed the last employment report to be released before the election to show that the unemployment rate had fallen below 8 percent, and somehow it magically happened.  Even though non-farm payroll employment only increased by 114,000 last month (not enough to even keep up with population growth), the official unemployment rate fell from 8.1 percent to 7.8 percent.  So how did that happen?  Well, the unemployment number is not based on the survey of employers that showed that 114,000 jobs were added to the economy last month.  Rather it is based on a survey of households.  And that survey showed that the total number of Americans employed last month increased by a whopping 873,000 - almost eight times the number that the employer survey showed.  That figure for September (873,000) was the biggest one month increase in 29 years.  And it just happened to come at the exact perfect time for Barack Obama.  So was there a jobs report conspiracy?  Examine the evidence and decide for yourself.

The number of Americans with a job fell by 195,000 in July.

Then it fell by another 119,000 in August.

But somehow in September it miraculously exploded in the other direction and 873,000 jobs were added to the economy?

If you believe that, I have a bridge that I want to sell you.

Somehow, the largest increase in jobs in 29 years happened just when Barack Obama needed it the most.

Nah, that doesn't sound fishy to me at all.

We are being told that a big reason for the huge increase was the number of Americans working part-time for "economic reasons".  That number surged from 8.0 million in August to 8.6 million in September.

Why the sudden jump?

Nobody can really explain it.

And if you look at the U6 unemployment rate, nothing has really changed at all.  U6 is still at 14.7 percent just like it was last month.

But the media is not going to talk about the U6 rate.  Instead, all of the headlines are going to be about "7.8 percent".

According to the survey of employers, the U.S. economy added fewer jobs in September than it did in August, and it added fewer jobs in August than it did in July.

So according to the survey of employers, the employment situation in the United States is getting worse.

But according to the household survey, we just had the greatest month of job creation since the first term of Ronald Reagan.

Something does not add up.

And as I have written about previously, the unemployment rate would actually be up around 11 percent instead of 7.8 percent if not for the millions of workers that the government claims "dropped out of the labor force" over the past few years because they became too discouraged to look for work.

So unemployment in America is still a massive crisis, but the media is boldly proclaiming that things are getting better and that we are on the road to recovery.

Of course Obama looks like the cat who ate the canary today.  He is just thrilled with the "7.8 percent" number.

But the truth is that according to the employer survey, job growth in the United States is actually slower than last year.  The following is from the Calculated Risk blog....

All that said, the economy has only added 1.3 million payroll jobs over the first nine months of the year. At this pace, the economy would only add around 1.8 million private sector jobs in 2012; less than the 2.1 million added in 2011.

Are you starting to see why people are so skeptical of this jobs report?

When the "7.8 percent" figure was released, there was immediately a wave of shock and unbelief throughout the financial world and all over the Internet.

The following is a sampling of skeptical quotes about this jobs report....

Former GE chief Jack Welch

Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers

Chapwood Capital Investment Management Managing Partner Ed Butowsky

I feel like I’m watching a movie. There is no way in the world these numbers are accurate.

Neil Irwin of the Washington Post

"Weird that payrolls are exactly on forecast but household survey is far better."

Conn Carroll, senior editorial writer for the Washington Examiner

While it is highly improbable that BLS conspired to cook the books, there is still a huge 756,000 job gap between the number of jobs employers told the Labor Department they created in September (114k), and the number of Americans who told the labor department that they got new jobs (873k).

U.S. Representative Allen West

I agree with former GE CEO Jack Welch, Chicago style politics is at work here. Somehow by manipulation of data we are all of a sudden below 8 percent unemployment, a month from the Presidential election. This is Orwellian to say the least and representative of Saul Alinsky tactics from the book "Rules for Radicals"- a must read for all who want to know how the left strategize . Trust the Obama administration? Sure, and the spontaneous reaction to a video caused the death of our Ambassador......and pigs fly.

Gluskin Sheff's David Rosenberg

That the 7.8 percent jobless rate takes it to the level that prevailed when the President took office in January 2009 has raised many an eyebrow. I don't believe in conspiracy theories. But I don't believe in the Household Survey either. 

This notoriously volatile indicator has become even more so in recent months. It showed a 195K slide in July and a 119K decline in August, to only then reveal a massive 873K surge in September.

Radio host Laura Ingraham

"Jobs #s from Labor Secretary Hilda Solis are total pro-Obama propaganda--labor force participation rate at 30-yr low. Abysmal!"

Americans for Limited Government

"Either the Federal Reserve, which has its fingers on the pulse of every element of the economy, and the Bureau of Labor Statistics manufacturing survey report are grievously wrong or the number used to calculate the unemployment rate are wrong, or worse manipulated. Given that these numbers conveniently meet Obama's campaign promises one month before the election, the conclusions are obvious."

Rick Santelli of CNBC

"I told you they'd get it under 8 percent — they did! You can let America decide how they got there!"

Of course the backlash in the media against skepticism of the jobs report has been very forceful.

Already, those that are doubtful of the legitimacy of the jobs report are being called "truthers" - as if there is something wrong with wanting to know the truth.

Sadly, that is how things work these days.  If you don't like the viewpoint that some people are expressing, you just label them "conspiracy theorists".

And when someone is labeled a "conspiracy theorist", that is code for "that person is so crazy that you should not listen to anything they say".

But the truth is that we live in a world where often people do things that they are not supposed to be doing.

When something rather strange happens, it is not wrong to investigate and try to figure out what is going on.

And this jobs report seems very, very odd.

It sure does seem rather strange that the household survey is showing almost 8 times as many jobs created as the employer survey does.

It sure does seem rather strange that 873,000 more Americans were working in September (the largest increase in 29 years) after decreases in both July and August.

It sure does seem rather strange that the unemployment rate dropped under 8 percent at the exact moment when Barack Obama needed it the most.

But perhaps all of this is just a coincidence.

What do you think?’

{ JACK WELCH: Obama Is Manipulating The Jobs Numbers Because His Debate Performance Was Awful Business Insider | Former GE CEO Jack Welch’s reaction to non-farm payrolls adding 114,000 new jobs in September and the unemployment rate falling to 7.8 percent. Welch: Obama manipulating numbers after debate performance... { There are some people (and their assessments) that you might dismiss as light-weight partisans… Jack Welch is not one of them! Indeed, among the rarest breed historically of exceptional american CEO’s, Welch points to the folly of preposterously a month before elections, on paltry/pathetic jobs numbers ( election year temp/part-time for manipulating stats along with the nebulous ‘stopped looking’ fudge factor) , following a disasterous debate showing (of wobama failure and incompetence), the unemployment rate falls to just below the ‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is tantamount to the obama 100% employment fantasy where literally everyone but him has stopped looking for work and hence, not counted in compiling the unemployment rate (and then those jobs in the millions lost and gone forever on his watch - what a banana republic!). Come on, wake up!: JACK WELCH: OBAMA IS MANIPULATING THE JOBS NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS AWFUL…UNBELIEVABLE JOBS NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T DEBATE SO CHANGE NUMBERS. }

US Foodstamp Usage Rises To New Record High

Zero Hedge | Foodstamp usage for both persons and households, has jumped to a new all time record.

Patriots And Christians Have Been Repeatedly Labeled As Potential Terrorists Since Obama Became President

http://albertpeia.com/christianspatriotsobamasterrorists.htm

George Will Says Americans Are Reluctant to ‘Fire’ First African American President

Donna Anderson | Americans may be reluctant to admit they made a mistake in choosing Obama.

Will Israel Blow Up Something and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and nobody else came. After all, israel will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good for israel is not so good for the rest of the world, and america particularly. Indeed, israeli agents were caught cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission accomplished? It was rather pathetic if not absurd to see netanayahoo talk about the ‘Iranian red line’ when israel’s past the red line many times over with their illegal nuke program and deployment of in excess of 200 illegal, undeclared nukes. }

Whoopi Goldberg curses out Ann Coulter over book on race...

The conservative commentator makes the case in her new book, "Mugged" that liberals use race mongering for political advantage.Host Whoopi Goldberg confronted the author over the topic of race, cursing her out and accusing her of not knowing what she was talking about.Coulter voraciously defended her book, claiming its more about white liberals, than African Americans.

ROUGH TRANSCRIPT...

JOY BEHAR: With 40 days until the election, Ms. Ann Coulter is back with a new book, "Mugged", where she claims that President Obama has abandoned black Americans and that the OJ Simpson verdict was a great thing for America. Please welcome back the very controversial Ann Coulter!

Ann, I need you to tell me, what you are trying to say in this book. Because we don't know what you are trying to say.

ANN COULTER: What I am trying to say is race mongering has been very bad for America, liberals use it to promote causes that nothing to do with blacks and in fact harm blacks. And that excellent lead in you just gave, with OJ, I think that was the movement, having lived near New York City in the 70's and 80's, which was the golden era, it was Trayvon Martin and Duke Lacrosse case everyday.

With the OJ verdict, white America said that’s it, the white guilt bank is shutdown. And that ended up being the best thing that ever happened to black Americans.

WHOOPI GOLDBERG: What are you talking about?

COULTER: I meant that no longer...

BARBARA WALTERS: He being aquited was good for whom?

COULTER: Millions of white people watching with the equivalent of in New York, we use the Brooklyn juries who simply would not convict, even guilty black criminals.

GOLDBERG: You know what, hold up Ms. Coulter. Please stop, please stop! If you're going to talk about race, at least, know what you're talking about. At least know what you're talking about.

Tell me how much you know about being black?

COULTER: Well, this isn't about being black.

GOLDBERG: But you just said that this is, you just made all these statements about how black people feel, tell me how you know it?

COULTER: This is not a book about black people, this is a book about white liberals. And I do know and this is a fact, once for years, Republican policies on crime and welfare for example were called racist.

When they finally got implemented after the OJ verdict, implemented by Giuliani in New York, Reagan and Bush judges overall, tens of thousands of black lives were saved. That's a fact.

GOLDBERG: Your facts a just a little shaky. You're saying that because liberals have abandoned black people now because, what? I don't get it, I don't understand.

COULTER: I don't think that liberals ever cared about black people. 5 minutes after the civil rights act of '64, they start calling everything that doesn't have to do with black people a "civil rights issue"

Abortion on demand, homeless rights...

SHERRI SHEPARD: You're saying liberals don't care about black people, then are you saying that Republicans embrace us in a warm fuzzy.

COULTER: I do, we are not embraced back. We try to...

BEHAR: So, the white southern strategy wasn't a republican thing, it was a Republican thing? And also Newt Gingrich calls President Obama a food stamp president, that's not racist?

HASSELBECK: Do you think its racist for Newt to say that the President is a food stamp President?

COULTER: I'm not a big fan of Newt, so we can just skip that for a second and get to the Southern Strategy because I've specifically disproved it. It's absolutely a liberal folk-lore, Republicans were winning the South since 1920, it was the outer states of the South, it was Texas, Tennessee, Kentucky, Virginia.

GOLDBERG: What are you talking about, we weren't allow to vote?

COULTER: Who was trying to get them to vote, Republicans were! And the first black congressmen were all Republicans and the first black Governor was a Republican.

GOLDBERG: Wait a minute, you are talking about way back after...

SHEPARD: Everyone understands Republicans are way different than the way they are now and...

COULTER: And that's what we are told and The Democratic segregationist were all Democrats, it's a lie that they were Conservative democrats

GOLDBERG: Everyone was a segregationist darling , everybody was! White people were, they didn't matter whether they were Republican or not.

COULTER: Republicans were not...

GOLDBERG: Bullshit! Bullshit, I'm sorry! That's bull, that's bull

COULTER: No, no that is not... ok just read chapter 14 in the book, the first Republicans to be elected in the south

GOLDBERG: I listen to my grandmother, who was there! Who remembers what happened.

COULTER: Howard Baker, an aggressive integrationist, first Republican elected in Tennessee to the Senate, Winthrop Rockefeller, first republican governor in Arkansas, an integrationist.

The Southern Strategy is a lie.

BEHAR: It seems to me that voter suppression is happening in areas where black people and hispanics are and it is really being promoted by the Republicans, not the Democrats.

So, my view and I have a different one from you, it looks as though the Republicans are really going against blacks, not the Liberals. What do you say to that?

COULTER: It's a perfect example, no i'll explain why, of liberals using the label of civil rights to promote a liberal cause they support, ie voter fraud, in fact one of the first states in the union to pass voter ID bill was Rhode Island, 85 percent democrat legislature. And who pushed it? A black Democrat in the house, a black Democrat in the senate. That's a fact!

BEHAR: You may pick out Rhode Island, but there are other states where it's completely Republican driven

COULTER: Why would Black Democrats be pushing this? Because they've seen voter fraud!

BEHAR: Because they want the hispanic vote to go to Romney!

BARBARA WALTERS: Can I ask a general question, everybook that you write is very controversial and shocking and usually an opinion thats desperate with everyone else.

Do you just write these books and try to find whatever it is that's going to make everybody say, "Ah!"

BEHAR: You don't believe this crap?

COULTER: The reason, it's an excellent question. The reason I write these books is because I try to correct things that people believe that are just false.

SHEPARD: Here's a question, because I was reading the book..

WALTERS: And you may be the only one that says it.

COULTER: There are a few things, discovering that we never won the Goldwater states and Republicans didn't win the Dixiecrat states until the Dixiecrats died out

SHEPARD: You keep standing back in the past, you got to come back to the present. But this what I wanted to say.

COULTER: That's new to me, the rest of it other people know.

SHEPARD: You keep saying if you read chapter 14, you make such divisive comments and incendiary comments, and hateful comments at times, it makes people not want to pick up your book and read it!

COULTER: No, I don't think so. What's a hateful comment in here?

SHEPARD: When you talk about, you stay in the past,

COULTER: Well, that’s because that was brought up. It’s just a fact.

SHEPARD: When you talk about voter suppression, which is obviously trying to keep black and Latino.

COULTER: Republicans have never done that, that was a Democrat thing...

SHEPARD: Ann, there are states where they don't even have...

WALTERS: Stop it, can I just say one thing to Ann? No matter what, you sit down here and you got 5 women going bah badda badda, whatever it is, thank you for coming on!

Mitt Romney cites Massachusetts health care law as sign of his empathy { Yes! Come on people, wake up! Wobama’s failed everyone but the wobamas and pals, even by his own ‘last campaign standards’ (actually, as a con-man/grifter, wobama has no real standards other than b***s***/con for the moment to make you his fool). President Romney can and did represent all fairly as he did in Massachusetts (of all places, vast majority democrats); and, he will similarly fair-to-all lead nationally! }

Lobbyist: Launch Staged Provocation To Start War With Iran

Paul Joseph Watson | “We are in the game of using covert means against the Iranians”. ‘…A member of the influential pro-Israel Washington Institute for Near East Policy (WINEP) think tank has brazenly suggested that the United States should launch a false flag provocation in order to start a war with Iran…’ { Just as was done with 9-11, etc., etc.! Who do such wars benefit? Certainly not america, not even the west generally, as belatedly all have come to realize. }

Nader Calls Obama “War Criminal,” “Worse Than Bush”

Politico | “In the sense that he’s more aggressive, more illegal worldwide.” { In other words, more like a nigger! The blackbama is basically a continuation/progression of war criminal/incompetent bush! }

30 Examples of Why America Is No Longer a Free Country

Paul Joseph Watson | Nanny state is no longer on steroids, it has turned into the Incredible Hulk. { http://albertpeia.com/30examplesusnolongerfree.htm }

In our 621st issue:

UPDATES

MINILINKS

ANNOUNCEMENTS

YouTube's Censorship of Anti-Islam Video Raises Numerous Questions Around Online Free Expression

In an unusual move, YouTube announced that it was blocking access in some countries to a video showing clips from "The Innocence of Muslims" after the anti-Islamic film sparked violent protests in the area. By the company's own admission, the video falls within its Terms of Service. YouTube appears to have made the decision to self-censor on their own.

It is easy to understand why YouTube might feel compelled to act in response to the rioting over this video, but once YouTube has made the decision to proactively censor its content, they start down a slippery slope that ends in YouTube Knows Best moral policing of every video on their site.

Speak Out Against TPP

Earlier this month, negotiators from the United States and eight other countries held backroom meetings about the Trans-Pacific Partnership (TPP) agreement at a golf resort outside Washington, D.C. Leaked language from the agreement's intellectual property chapter has been worrisome, and the public has no idea what is in the latest official draft. There has been zero transparency in a process that is being pushed to the finish.

What's worse is that the people who do have access to TPP's official language are the same content industry executives that tried pushing through harmful laws like SOPA, PIPA, and ACTA.

Join us in demanding an end to these backroom negotiations.

EFF Updates

ECPA Reform May Require Warrants for Email, But Hurts Video Privacy

Senator Leahy proposed detailed language to update the Electronic Communications Privacy Act (ECPA), the primary law governing privacy rights for stored email. ECPA is woefully outdated -- it was passed in 1986 before cloud computing and archived email even existed -- so this is great news. Unfortunately, the proposed language would also weaken privacy-protective measures in the Video Privacy and Protection Act.

New York Judge Tries to Silence Twitter in Its Ongoing Battle to Protect User Privacy

Rather than face contempt charges, Twitter handed over data requested by the government about an Occupy Wall Street protester, under seal, to the New York Criminal Court. Twitter was faced with a terrible choice between giving ground on its fight for user privacy, or risk a potentially expensive contempt of court citation.

Fight over FISA Amendments Act Moves to the Senate after House Passes Warrantless Spying Bill

The House of Representatives voted to renew the dangerous FISA Amendment Act -- which hands the NSA broad, warrantless surveillance powers over Americans' international communications -- for another five years. Sadly, the House refused to add any new oversight powers or privacy protections, despite ample evidence the NSA has used it to unconstitutionally spy on Americans.

TPP Trade Delegates Shut Out Internet Users' Concerns

The secretive Trans-Pacific Partnership agreement (TPP) negotiations were held earlier this month in a golf resort outside D.C. TPP is yet another example of how the U.S. entertainment industries are pressuring lawmakers to push forward overprotective intellectual property laws that will also put the Internet and its users at risk. EFF attended the events to speak to delegates and demand transparency; however, the U.S. Trade Representative would have none of it.

Court Upholds $9,250 Per Song Penalty in Filesharing Case

The U.S. Court of Appeals for the Eighth Circuit upheld the original jury verdict against Jammie Thomas-Rasset: a $222,000 penalty for sharing 24 songs on a peer-to-peer network. That's $9,250 per song, for songs that sell for about a dollar at retail.

French Anti-Piracy Law Claims First Victim, Convicted of Failing to Secure His Internet Connection

The French anti-piracy law, Hadopi, has claimed its first victim. The individual was convicted of allowing his WiFi connection to be used to download songs without obtaining prior permission from the copyright owners. While we were heartened that the individual's Internet connection was not suspended, EFF condemns the ongoing application of Hadopi, which threatens our rights to access and publish content freely online. This ruling serves as further evidence that such three-strikes laws must be repealed.

New Research on "Junk" DNA Revives Privacy Questions

In a case challenging California's warrentless DNA collection program, EFF asked the court to consider new research that confirms that over 80% of our DNA that was once thought to have no function actually plays a critical role in controlling how our cells, tissues, and organs behave.

Interview with OpenMedia's Steve Anderson About Stop the Trap Campaign

EFF interviewed the Executive Director of OpenMedia, Steve Anderson, to discuss their international Stop The Trap coalition campaign.

Professor Michael Geist on TPP and Its Effects on Canadian Internet Users

EFF interviewed Professor Michael Geist to capture some of the main Canadian concerns specifically related to some of the most controversial intellectual property issues present in TPP.

UK Snoopers' Charter Draws Sharp Critique from Global Advocates

In a submission to the U.K. Parliament's Communications Data Bill Joint Scrutiny Committee, the Global Network Initiative outlined serious concerns with the proposed Snoopers' Charter, which would expand governmental powers to access the online communications of all U.K. citizens.

Philippines' New Cybercrime Prevention Act Troubling for Free Expression

In the Philippines, where the Internet is free from censorship, President Benigno Aquino III recently signed into law the Cybercrime Prevention Act of 2012, a troubling development for free expression.

miniLinks

USPTO Blocks Web Access to Advocacy Organizations

KEI's James Love found out firsthand about the USPTO's filtering system that blocked access to EFF, ACLU, KEI, and more advocacy organizations.

Internet Archive Releases Every TV News Broadcast Since 2009

The Internet Archive released every TV news broadcast since mid-2009. Segments are available online and captions are completely searchable.

EU Should Protect Belarusian Online Opposition

Dutch Member of European Parliament Marietje Schaake spoke out against the detainment of several web-administrators by Belarusian authorities.

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Back issues of EFFector

New Video Shows Obama-Backed Syrian Rebels Burning U.S. Flag

Paul Joseph Watson | Why is the White House funding extremists who hate America? [ Anti-American fury sweeps across an inflamed Muslim world { Despite casting this as being over a film, it’s not just the film; but as well, blowback for innumerable policy missteps that ultimately included direct or indirect acts of violence/aggression. These people are not blind, nor are they utter fools despite america et als’ foolish assumptions and presumptions to the contrary. } ]

Anti-American fury sweeps across an inflamed Muslim world { Despite casting this as being over a film, it’s not just the film; but as well, blowback for innumerable policy missteps that ultimately included direct or indirect acts of violence/aggression. These people are not blind, nor are they utter fools despite america et als’ foolish assumptions and presumptions to the contrary. [ Guest Post: This Is Blowback ZeroHedge.com The YouTube video depicting Mohammed is nothing more than the straw that broke the camel’s back. This kind of violent uprising against American power and interests in the region has been a long time in the making. It is not just the continuation of drone strikes which often kill civilians in Pakistan, Yemen, Somalia and Afghanistan, either. Nor is it the American invasions and occupations of Iraq and Afghanistan. Nor is it the United States and the West’s support for various deeply unpopular regimes such as the monarchies in Bahrain and Saudi Arabia (and formerly Iran). Nor is it that America has long favoured Israel over the Arab states, condemning, invading and fomenting revolution in Muslim nations for the pursuit of nuclear weapons while turning a blind eye to Israel’s nuclear weapons and its continued expansion into the West Bank. ] }

Romney and the GOP still toe the Bush line Republican leaders are sick and tired of Democrats blaming all the nation's problems on George W. Bush, and of being tarnished by the former president's legacy. { The problem for the democrats is that, unfortunately for the nation and world, wobama’s essentially followed dumbya bush’s failed legacy with few exceptions (ie., wobama/holder’s predisposed contraindicated favoritism/bias towards blacks including black panthers, etc.). Indeed, many within ‘the fold’ include ‘bush men’ (ie., mueller, bernanke, etc.); and comparable failed policies as, ie., protracted unnecessary war, profligate spending worse than bush, rule by proclamation/executive orders, no prosecution of huge wall street frauds, etc., all contrary to campaign promises/b***s*** that got him elected, a mistake that won’t be repeated this time around. }

*******************

Thanks Obama - The Terrorists You Used To Topple Regimes In Egypt And Libya Are Now Attacking Our Embassies

http://albertpeia.com/thankswoforblowback.htm

Romney likens the election to football: ‘It’s time to get a new coach’

Iowans Send Message to Obama SIOUX CITY, Iowa — President Obama received a less than warm welcome and a warning upon arrival at the airport here on the second stop of his Iowa visit, which was aimed at recapturing some of the mag...

The Roman Style Collapse of Western Civilization

Infowars.com | As America’s engineered economic implosion accelerates, the parallels with how the Roman empire fell are staggering.

Lew Rockwell: Gov’t is Far Worse Than The Mafia

Infowars.com | Alex talks with political commentator, activist, proponent of the Austrian School of economics, and chairman and CEO of the Ludwig von Mises Institute, Lew Rockwell. FBI Nazi Bikers Bust FBI Nazi Group

http://albertpeia.com/fbinazibikersbustfbinazibikers.htm

Kurt Nimmo
Infowars.com
July 31, 2012

{ I’m really constrained to interject my own direct experience with the FBI / u.s. government here; and, I must say I do so lamentably. If you want no real results vis-à-vis organized crime which now extends to the upper reaches, highest levels of the corrupt u.s. government, go to the FBI. I discounted the new jersey FBI as just typical corrupt, mob infested jersey which thinks in terms of discos/casinos. But, truth be told, they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their (understated) crime stats for even a second. I’m beginning to feel foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters directly who seem to have at least some sense of the magnitude of the fraud involved and the pervasive corruption of the system and government and maybe a semblance of honor in this nation of protracted decline. It never would have occurred to me back when for me, such a choice/decision was clear-cut and simple. Such a course as mine I no longer could recommend inasmuch as there is little difference between state/government sponsored crime/corruption and that perpetrated by other criminal elements, from my direct experience with both, infra: What in the World Has Happened to the FBI/DOJ? http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm , Chief Justice John Roberts Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

Responding to your message

FROM:

Rep. Lucille Roybal-Allard

TO:

albert_peia@yahoo.com

Message flagged

Wednesday, November 16, 2011 8:48 AM

Dear Mr. Peia:

Thank you for being in touch.  As we continue the busy first session of the 112^th Congress, I want you to know that I am grateful for the various times you have shared your thoughts and concerns with me on different issues.  Please be assured that your voice is being heard and that your perspective helps me to better represent you in Washington, D.C. 

Sincerely,

LUCILLE ROYBAL-ALLARD
Member of Congress

[ This is a reply to the Congresswoman’s query among others included.]

11-5-11

Dear Congresswoman Roybal-Allard:

The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:

‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’

Sincerely,

Albert L. Peia

America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm

Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

The Criminal Banking Cartel's End Game: A 100% Digital Monetary System

Posted by: smartknowledgeu Post date: 06/07/2012 The end game of this global monetary crisis is the imposition of a 100% digital monetary system that would permanently end what little economic freedoms we still retain today. Educate. Resist. Fight... http://albertpeia.com/criminalcartel.htm { I agree with the thrust of this article which I’ve yet to read in full; if only to emphasize that with a mouse click/button/keystroke/enter you could easily be separated from your money/wealth which is a formidable intimidating threat consistent with planned subservience (and also facilitating manipulated fraud, etc.). And, don’t think they wouldn’t do it, meaningless, arbitrarily enforced laws notwithstanding. Don’t forget; government slugs all have the same employer. I experienced the corruption first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/americangovernmentdrugtrafficking.htm
http://albertpeia.com/americascorruptiondrugtrade.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm }

‘If the case of white supremacist Hal Turner taught us anything, it is that the government manufactures Nazis and racists from whole cloth and then uses them to push hysterical domestic terrorist propaganda and self-aggrandizement.

It came out during Turner’s trial that he was a “National Security Intelligence” asset working for the FBI’s Joint Terrorism Task Force. His code name was “Valhalla” and “he received thousands of dollars from the FBI to report on such groups as the Aryan Nations and the white supremacist National Alliance, and even a member of the Blue Eyed Devils skinhead punk band,” according to The Record.

The FBI has run racist and white supremacist groups since the 1960s. Under COINTELPRO, the FBI “subsidized, armed, directed and protected the Ku Klux Klan and other right-wing groups,” Brian Glick writes. Racist groups were used to create a strategy of tension by attacking groups on the so-called left, including anti-war, Chicano and Puerto Rican activists and nationalists.

More recently, in 2007, the FBI organized a neo-Nazi march in Orlando, Florida. The FBI’s “informant” (agent provocateur) “was one of the most visible individuals in the National Socialist Movement,” according to Andy Rosenkranz, state regional director for the Anti-Defamation League. “Generally, the FBI and the JTTF (Joint Terrorism Task Force) in Florida does an excellent job.”

The FBI has also infiltrated a number of supposed Muslim terrorists groups and has wheedled, cajoled and otherwise manipulated patsies into agreeing to commit terror attacks.

In October, Mother Jones revealed that the FBI is notorious for creating supposed terrorist groups from scratch and then framing patsies in order to claim the government is protecting the United States from terrorists. The number of government informants and agents provocateurs has grown exponentially since the 1970s when the FBI claimed it shut down COINTELPRO.

On Tuesday, the New York Daily News reported the FBI’s latest terrorist creation – the 1st SS Kavallerie Brigade Motorcycle Division, founded in 2007 to recruit neo-Nazi bikers for the Aryan Nations, a white supremacist terrorist organization, according to Anthony Bartkewicz.

“One member offered a $1,000 reward for the shooting of a black man. Others stockpiled explosives to be used in terror attacks on U.S. targets,” writes Bartkewicz. “But the biker gang was founded by undercover law enforcement agents in Florida, and eventually 20 people were arrested for a range of offenses, from dealing drugs to possessing illegal weapons and plotting murders, the Orlando Sentinel reported.”

In May, the FBI took down a group of mentally challenged white supremacists belonging to the American Front, a group on the edge of extinction in the early 2000s but resuscitated on the internet. The FBI claimed the group was “planning to kill Jews and minorities in the ‘inevitable’ race war, according to an affidavit obtained by the Orlando Sentinel. The Sentinel reports that the group also looked to manufacture ricin, a ‘weapon of mass destruction,’” CBS Tampa reported.
Fear and loathing by liberals over FBI manufactured racist threat.

Considering the FBI’s track record, however, it is likely the ricin plot was concocted by the agency and then fed to the American Front patsies prior to the sensationalized bust. Patsies rarely devise their own plots and are carefully managed by the agency and its army of informants and agents provocateurs.

The Nazi biker group created by the FBI after the Aryan Nations said it wanted to form a Nazi motorcycle club to serve as the militant arm for white supremacists across the country, according to records obtained by the Orlando Sentinel.

“Using a false identity, the agent with the Orange County Sheriff’s Office became the Aryan Nations’ top Florida administrator responsible for recruiting members for what would become the 1st SS Kavallerie Brigade Motorcycle Division — operating out of a clubhouse in St. Cloud,” Henry Pierson Curtis writes for the Sentinel.

“Early members included at least two additional undercover FBI agents – who infiltrated the club — and a biker accused of offering $1,000 to anyone willing to shoot a black man riding an ATV in rural Osceola County, records show.”

In 2007, a FBI informant, Rick Spring, admitted to running the Aryan Nations. “In a confessional emailed out to white nationalist leaders, federal informant and convicted bank robber Rick Spring admitted today that he operated the Aryan Nations as a false flag front group for the FBI after the death of Richard Butler,” wrote Bill White, editor of the Libertarian Socialist News.

Government connections to terror groups are legion. In 2004, for instance, the FBI revealed the Southern Poverty Law Center was involved with government operative and convicted Oklahoma City bomber Timothy McVeigh and the Aryan Republican Army at Elohim City. McVeigh’s contact at Elohim City was Andreas Carl Strassmeir, a former German intelligence officer. Peter Langan, the son of a retired U.S. Marine intelligence officer and said to be the leader of the Aryan Republican Army, was a government informant.

The SS Kavallerie Brigade Motorcycle Division, responsible for setting up the American Front, is yet another convoluted government fabrication designed to convince ill-informed Americans that radical Muslims are not the only threat they face. So are white guys with tattoos on their foreheads.

The absurdly overblown threat of skinheads gunning for minorities plays right into the Department of Homeland Security’s “rightwing extremist” narrative.

“Threats from white supremacist and violent antigovernment groups during 2009 have been largely rhetorical and have not indicated plans to carry out violent acts,” the DHS wrote in a 2009 for eyes-only memo subsequently leaked to Infowars.com and others, but “have capitalized on the election of the first African American president, and are focusing their efforts to recruit new members, mobilize existing supporters, and broaden their scope and appeal through propaganda, but they have not yet turned to attack planning.”

The FBI’s contrived plots – including purported violence against police and officialdom by the Hutaree militia and now a supposed weapons of mass destruction attack by the American Front – are designed primarily for propaganda purposes. The Hutaree militia was vindicated in court and the accusations against the American Front will likely also eventually be reduced and revealed as government grandstanding, although this will not be reported on the front page in blazing headlines.’

U.S. Super Soldiers Of The Future Will Be Genetically Modified Transhumans Capable Of Superhuman Feats

The American Dream | The future of war is going to look really, really weird. http://endoftheamericandream.com

http://albertpeia.com/moredarpafollies.htm

{ I must say, regardless of the fact of time constraints (you know, that ‘end thing’) that makes all irrelevant, they can’t even control, properly manage what they have. I think Mike’s been watching too much sci-fi, not that darpa doesn’t appreciate his misplaced vote of confidence! }

Janet Napolitano’s Little Love Nest at DHS

Prisonplanet.com | The Thomas More Law Center has announced that it has filed a federal lawsuit against Homeland Security Secretary Janet Napolitano.

Shocking Federal Lawsuit Against DHS Napolitano: Big Sis Favored Her Gal Pals, Treated Male Staffers “Like Lapdogs,” Her Female Staff Tormented Male Employees with “Sexually Charged Games” { Whoa! Lapdog to Napolitano! Whew! Ew! Wow! Yuck! After all, jano almost makes mo reno look like a beauty queen! I’m starting to get dry heaves! …In the suit Hayes also accused Napolitano’s chief of staff at ICE, Suzanne Barr, of repeated 'sexually offensive behaviour' intended to 'humiliate and intimidate male employees'.On one occasion, Barr called a colleague in his hotel room and screamed using sexually explicit language, telling him she 'wanted his c*** in the back of [her] throat'.Hayes claims he 'felt that he was being targeted because of his gender' and witnessed Barr repeatedly picking on men. She 'created a frat-house type atmosphere that is targeted to humiliate and intimidate male employees', according to court papers. In 2009 she 'removed the entire contents of the offices of three male employees, including nameplates, computers and telephones, to the men’s bathroom at ICE headquarters'. Read more: http://www.dailymail.co.uk/news/article-2186507/Janet-Napolitano-favoured-woman-long-relationship-job.html#ixzz23ERN7rMx }

U.S. Army Purchases Riot Gear As Fears Over Civil Unrest Grow

Paul Joseph Watson | Follows DHS in preparation for domestic disorder.

As Attacks Continue, Chick-fil-A Getting Plenty of Support for its Christian Values

Dave Bohon | Supporters of homosexual marriage, however, have been unable to leave the issue and “agree to disagree.” { I believe the concerted wrongful conduct of the respective cities et als vis-à-vis Chick-Fil-A may well be actionable as a business tort; and as well, a violation of constitutionally protected rights of free speech, having a chilling effect thereon, by way of incorporation thereof under the fourteenth amendment of the u.s. constitution, as well as pursuant to the respective state constitutions applicable to the offending cities. }

The Attack On Chick-Fil-A Is An Attack On The Freedom Of Speech Of Every American

http://albertpeia.com/attackonchickfilaattacksfreespeech.htm

{ My own feeling on the subject is live and let live, but that the state has no place in getting ‘behind’ this contraindicated behavior. Look at the subject cities rallying in the name of ‘cornholin’ (For the gay vote? How totally pathetic!). Without exception, they are literally domestic war zones, in decay, decline, and heading as the nation toward fiscal ruin, defacto/outright bankruptcy. They really should be concentrating on things that really matter before foolishly attacking freedom of speech. Previously: EVOLUTION: OBAMA NOW BACKS GAY MARRIAGE… [ Well, with some frolicking documented cocaine/gay sex romping in his past, he’d be hard pressed not to. Interestingly, Clit Eastwood has come out in favor of gay marriage saying he doesn’t give a f**k… good for you Clit; spoken like a true egalitarian. Truth be told, I always liked those spaghetti westerns that put him on the map; his own ‘Pale Rider’, particularly; and of course, the ‘Dirty Harry’ series. Aside from that, I find him/his films boring, shallow, and plebian beyond tears; hardly the philosopher king. Yet, I also don’t give a f**k regarding gays living their lives as they wish, with full constitutional protections consistent with their presumed law-abiding lives, particularly in a world like this, such as it is. But, that doesn’t mean the ‘state’ must get behind (no pun intended) same. There are few if any legal statuses that can’t be achieved through legal document, ie., adoptions, trust beneficiaries, etc.. Marriage, procreation, the province of a man/woman relationship has always been a given. Also interesting was the take on same by reknown Psychiatrist Maslow (his famed, laudable work regarding hierarchy of needs, etc., needs no introduction) who wrote and posited that homosexuality was physically, anatomically contraindicated. Again, let me reiterate a live, let live position while cautioning against the state getting behind (again, no pun) same and potentially giving young, pubescent, impressionable boys the idea that penises were made for male a**holes and not female vaginas. ] ... OBAMA ADMITS FABRICATING GIRLFRIEND IN MEMOIR { Latent gay man obama - ... Barack Obama: The Naked Emperor Shocking but true revelations from David Icke| ..Obama is just more of the same, a big smile with strings attached, and controlled completely by those that chose him, trained him, sold him and provided his record funding, kept his many skeletons under wraps, like the gay sex and crack cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp, who is alleged to claim that someone claiming to represent me called asking for $100,000, to keep me from coming forward about our (Obama and I) November 1999 encounter of sex and cocaine use?), ... Obama is just another Banksters' moll prostituting himself .., and that's why he supported the grotesque bail-out of the banking system and why he will always put their interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv }

12 Pictures That Demonstrate How The New World Order Openly Mocks Us

http://albertpeia.com/newworldordervedgesmockus.htm

{ First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said: The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing

{ First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. }

http://albertpeia.com/planetalreadyruined.htm }

The Attack On Chick-Fil-A Is An Attack On The Freedom Of Speech Of Every American

http://albertpeia.com/attackonchickfilaattacksfreespeech.htm

{ My own feeling on the subject is live and let live, but that the state has no place in getting ‘behind’ this contraindicated behavior. Look at the subject cities rallying in the name of ‘cornholin’. Without exception, they are literally domestic war zones, in decay, decline, and heading as the nation toward fiscal ruin, defacto/outright bankruptcy. They really should be concentrating on things that really matter before foolishly attacking freedom of speech. Previously: EVOLUTION: OBAMA NOW BACKS GAY MARRIAGE… [ Well, with some frolicking documented cocaine/gay sex romping in his past, he’d be hard pressed not to. Interestingly, Clit Eastwood has come out in favor of gay marriage saying he doesn’t give a f**k… good for you Clit; spoken like a true egalitarian. Truth be told, I always liked those spagetti westerns that put him on the map; his own ‘Pale Rider’, particularly; and of course, the ‘Dirty Harry’ series. Aside from that, I find him/his films boring, shallow, and plebian beyond tears; hardly the philosopher king. Yet, I also don’t give a f**k regarding gays living their lives as they wish, with full constitutional protections consistent with their presumed law-abiding lives, particularly in a world like this, such as it is. But, that doesn’t mean the ‘state’ must get behind (no pun intended) same. There are few if any legal statuses that can’t be achieved through legal document, ie., adoptions, trust beneficiaries, etc.. Marriage, procreation, the province of a man/woman relationship has always been a given. Also interesting was the take on same by reknown Psychiatrist Maslow (his famed, laudable work regarding hierarchy of needs, etc., needs no introduction) who wrote and posited that homosexuality was physically, anatomically contraindicated. Again, let me reiterate a live, let live position while cautioning against the state getting behind (again, no pun) same and potentially giving young, pubescent, impressionable boys the idea that penises were made for male a**holes and not female vaginas. ] ... OBAMA ADMITS FABRICATING GIRLFRIEND IN MEMOIR { Latent gay man obama - ... Barack Obama: The Naked Emperor Shocking but true revelations from David Icke| ..Obama is just more of the same, a big smile with strings attached, and controlled completely by those that chose him, trained him, sold him and provided his record funding, kept his many skeletons under wraps, like the gay sex and crack cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp, who is alleged to claim that someone claiming to represent me called asking for $100,000, to keep me from coming forward about our (Obama and I) November 1999 encounter of sex and cocaine use?), ... Obama is just another Banksters' moll prostituting himself .., and that's why he supported the grotesque bail-out of the banking system and why he will always put their interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv }

12 Pictures That Demonstrate How The New World Order Openly Mocks Us

http://albertpeia.com/newworldordervedgesmockus.htm

{ First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said: The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing

{ First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. }

http://albertpeia.com/planetalreadyruined.htm }

EFF: In our 616th issue:

UPDATES

MINILINKS

ANNOUNCEMENTS

EFF Challenges National Security Letter Statute in Landmark Lawsuit

Since the first national security letter statute was passed in 1986, the FBI has issued hundreds of thousands of such letters seeking private telecommunications and financial records of Americans without any prior approval from courts. EFF is releasing an FBI-redacted briefing from a major new ongoing case in which it is challenging one of the NSL statutes on behalf of a telecommunications company that received an NSL in 2011.

When Did Free Speech Get So Expensive?

The Oatmeal creator Matthew Inman was subject to a frivolous lawsuit designed to shut him up. Known as a Strategic Lawsuit Against Public Participation (SLAPP), litigation like this -- and the big legal fees that can come with it -- threatens free speech across the country. Urge Congress today to pass a federal anti-SLAPP statute to protect bloggers, journalists, creators, and more.

FAA Releases Thousands of Pages of Drone Records

EFF recently received information about drone flights in the United States, including extensive details about the specific drone models some entities are flying, where they fly, how frequently they fly, and how long they stay in the air. The 125 drone certificates and accompanying documents the FAA released total thousands of pages and were released in response to EFF's Freedom of Information Act lawsuit, which has already uncovered the list of all entities licensed to fly domestic drones.

EFF Updates

EFF Urges Congress to Protect Privacy in Face Recognition

On Wednesday, EFF Staff Attorney Jennifer Lynch urged Congress to limit the collection of biometrics and protect privacy with respect to the use of face recognition technology. Jennifer's testimony in a Senate hearing on "What Facial Recognition Technology Means for Privacy and Civil Liberties" outlined the privacy and security concerns that are inherent to automatic face recognition. The use of face recognition technology raises important First and Fourth Amendment concerns, though the scope of Constitutional protections in this area is unclear.

Fifth Circuit Upholds Sanctions Award Against Copyright Troll Attorney

The Fifth Circuit Court of Appeals affirmed a district court order imposing sanctions on Evan Stone, attorney for adult film producer Mick Haig Productions. Stone improperly issued subpoenas without leave of court to ISPs seeking the identities of anonymous subscribers in a mass end-user copyright infringement case.

Singing Obama Ad Takedown Means More Trouble for Political Speech Online

An official Romney campaign ad that showed President Obama singing a line from the Al Green song "Let's Stay Together" has been hit with a takedown from BMG Rights Management -- the group that controls the publishing rights of the original song -- and pulled from YouTube. This kind of takedown abuse is all too common, and we're likely to see it again this campaign season.

House Quietly Reintroduces a Piece of SOPA

Even after millions rallied against the passage of SOPA/PIPA, the House is still quietly trying to pass a related bill that would give the entertainment industry more permanent, government-funded spokespeople. Rep. Lamar Smith's IP Attache Act would create an Assistant Secretary of Commerce for Intellectual Property, as well as broaden the use of IP attaches in particular U.S. embassies.

Victory for Open WiFi: Judge Rejects Copyright Troll's Bogus "Negligence" Theory

Judge Lewis Kaplan of the U.S. district court in Manhattan ruled that the owner of an Internet connection cannot be found liable for "negligence" simply because another person uses his wifi connection to commit copyright infringement -- even if he knows about it. After this decision, copyright trolls should find it harder to coerce settlement payments from innocent people for the commonplace act of sharing an Internet connection.

EFF to FCC: Consumers Face Uphill Battle in Fight for Mobile Device Privacy

EFF filed comments with the Federal Communications Commission about the privacy and data security practices of mobile wireless service providers. Mobile privacy is an issue we've been increasingly concerned about in the wake of the Carrier IQ privacy scandal, which was part of the inspiration for our Mobile User Privacy Bill of Rights.

Australian Government Moves to Expand Surveillance Powers

Australia is the latest democratic nation to introduce new national security measures that would vastly expand governmental surveillance powers, following an alarming legislative pattern that unfolded in the United Kingdom and Canada in recent months.

Spy Games

With the opening ceremony of the London Olympics 2012 drawing near, the colossal security apparatus surrounding the Summer Games has come into focus.

Russian Duma Approves Internet Blacklist Bill

The Russian Duma overwhelmingly approved a controversial Internet regulation bill, which would create a national blacklist and legal partnership with a content-monitoring bureau.

ACTA's Defeat in Europe and What Lies Ahead

There's a majority consensus that ACTA now lies dead in Europe. There are however, a few murmurs of concern ahead.

Is the TPP the Best Way to Build a 21st Century Society?

The TPP agreement has been framed by the USTR as a 21st century agreement, but we're still not convinced -- especially in an environment where the public, Congress, and civil rights organizations are denied access to the treaty's official text, while corporate representatives have full access to it.

Raising Global Awareness of the Plight of Syrian Bloggers

The number of citizen journalists killed or arrested in Syria rises daily. While some have received ample international attention for their plight, many others have gone largely ignored by the media.

New Malware Targeting Syrian Activists Uses Blackshades Commercial Trojan

Pro-Syrian government hackers appear to have started using a surveillance tool, called Blackshades Remote Controller, whose capabilities include keystroke logging and remote screenshots.

Court Won't Shut Down Aereo Before Trial -- Round 2 Begins for Internet Startup

Aereo, a startup that lets viewers watch broadcast TV over the Internet from tiny, personal antennas, can stay up and running -- at least for now. Several television networks are trying to sue it out of existence, but lost a motion asking a federal court to shut it down until a legal decision is reached.

miniLinks

How effective are free speech campaigns?

EFF's Jillian York asks prominent players in the international activism space about the efficacy of free speech campaigns.

Brief of amici curiae supporting EPIC's petition for writ of mandamus (EPIC v. DHS)

EFF has joined this brief from the Competetive Enterprise Institute supporting EPIC in their call for TSA to follow the law and conduct a court-ordered notice-and-comment period for their new scanners.

Professional wrestler boycotts WWE for supporting SOPA/CISPA

Wrestler Sean Morley, known as Val Venis, tweeted that he would not appear on WWE RAW if they continued supporting SOPA/CISPA.

Administrivia

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Editor: Adi Kamdar, Activist
editor@eff.org

Membership & donation queries: membership@eff.org

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Reproduction of this publication in electronic media is encouraged. Signed articles do not necessarily represent the views of EFF. To reproduce signed articles individually, please contact the authors for their express permission.

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Back issues of EFFector

454 Shotwell Street
San Francisco, CA 94110-1914
United States

The Largest Natural Disaster In U.S. History: The Endless Drought Of 2012 Will Bake America Well Into August

http://albertpeia.com/bakedamerica.htm

They Want To Sterilize American Women: New Obamacare Regulation Makes Sterilization 100% Free

http://albertpeia.com/obamacareandsterilizingamericanwomen.htm

19 Warnings About A Coming Global Financial Catastrophe

http://albertpeia.com/19warningsofglobalcatastrophe.htm

Four Reasons To Be Even Less Optimistic About The Global Financial System Than You Were Last Month

http://albertpeia.com/4reasonsforlessoptimism.htm

Scenes Of Despair

http://albertpeia.com/scenesofdespair.htm

Brutal Gestapo Tactics Are Being Used Against Homeowners All Over America

http://albertpeia.com/usgestapotactics.htm

14 Incredibly Creepy Surveillance Technologies That Big Brother Will Be Using To Spy On You

http://albertpeia.com/14creepygovernmenttechnologiestospyonyou.htm

U.S. anoints Afghanistan a 'major non-NATO ally' { Riiiiight! As if saying so, makes it so…How totally pathetic! This would be laughable if not so tragic. I’d say another example of their pre-election political desperation. }

60 Days In Prison And A $12,180 Fine For Hosting A Home Bible Study In Arizona

http://albertpeia.com/azgettintoughoncrime.htm

{ This is absolutely incredible and unforgiveable (california does the same); and, we can only surmise that, already damned as this nation particularly and this world surely are, their view is that such doesn’t matter. How totally tragic and pathetic at once! }

They Are Turning Our Crops, Animals And Even Our Babies Into Freakish Genetic Monsters - What Could Go Wrong?

http://albertpeia.com/freakishamericangeneticmonsters.htm

Kicking The Can Down The Road

http://albertpeia.com/kicksinthecandowntheroad.htm

12 Incredible Obamacare Quotes That Show That Our Wretched Healthcare System Is Headed Directly Into The Toilet

http://albertpeia.com/americanhealthcaretoilet.htm

If One Storm Can Turn D.C. Dark For Several Days, What Would A Massive EMP Burst Do?

http://albertpeia.com/empburst.htm

Murdoch Dissatisfied With "Weak" Romney, Allies Say http://albertpeia.com/senilepenalmurdoch.htm { Yeah; murdoch prefers the ‘tougher’ gay choom gang banger wobama alternative. More cream pies in his face cries the senile old media meister. Yeah; the majority of the electorate think just like billionaire murdoch. Let’s not kid ourselves…murdoch’s totally gone…even the wisdom of his company’s breakup/split into two companies is being seriously questioned. …’ Murdoch wrote on Twitter. "Tough O Chicago pols ( Aah! Riiiiight! Just want the country needs; crime, corruption, cook county politics, capone/chicago style , hudson county/jersey city/newark,n.j. style, etc.; … Even LA’s substantially better than that; and, make no mistake, as ‘wobama country’ LA’s pretty bad, etc.) …will be hard to beat unless he drops old friends from team and hires some real pros’… First reality: He could hire some real pros without dropping old friends…In the final analysis, even americans will prove smart enough and not sufficiently self-destructive enough and as such, will not embrace proven failure with more proven failure. People must realize the magnitude of wobama’s failure and the unaffordable, insurmountable expense of obfuscation: ‘…those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure...’ ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … )

POLL: Obama drops 8 points with whites...
... 13-point plunge among young voters

Sorry Folks, Spain Isn’t “Saved” And The Next Leg Down is Coming Soon

July 3, 2012 By gpc1981 http://albertpeia.com/greeceyspainpain.htm

Chief Justice John Roberts Bowed To Political Pressure And Changed His Vote On Obamacare

http://albertpeia.com/nolegalsystem.htm

Justice Department shields Holder from prosecution after contempt vote FoxNews.com | The Justice Department moved Friday to shield Attorney General Eric Holder from prosecution after the House voted to hold him in contempt of Congress. DOJ Says It Won't Prosecute DOJ Head Holder How should we say this: we are shocked, shocked, that the DOJ won't prosecute itself. BREAKING: DOJ says it won't prosecute Attorney General Holder after the GOP-led House voted to hold him in criminal contempt of Congress – Fox see also, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm House could arrest Holder with inherent contempt power The Washington Times | The thought is shocking, and conjures up a Hollywood-ready standoff scene between House police and the FBI agents. { Eh, what the heck…you can let that go…they’re hoodied blacks, not white like Nixon, etc…; and, be sure to hold on to your wallets, purses everyone ‘cause there’s black folk in the capital! }

Issa Confirms Fast & Furious Wiretaps

Kurt Nimmo | Damaging details included in letter Issa sent to Rep. Elijah Cummings on May 24.

Department of Defense Caught Lying About Use Of Domestic Spy Drones

Steve Watson | Offices of two US Senators contradict statements of Special Operations Command.

U.S. Border Patrol Agents Are Being Trained To Run Away And Hide If Someone Starts Shooting

http://albertpeia.com/runandhideplan.htm

America On Fire: Why Is The Number Of Wildfires In The United States Increasing?

http://theeconomiccollapseblog.com

http://albertpeia.com/americaonfire.htm

Gulf of Tonkin Redux?

Stephen Lendman | It’s an American tradition. Big lies launch wars. Manufactured pretexts initiate them. Mass killing and destruction follow.

Attention cats: ‘How to Walk Your Human’ (VIDEO)

http://www.youtube.com/watch?v=z5rXLZfsJT0&feature=player_embedded

Sandusky's adopted son says father sexually abused him

Jerry Sandusky's adopted son, Matt Sandusky, said that his father had abused him. Matt Sandusky released a statement through his lawyers, Andrew Shubin and Justine Andronici. According to the Philadelphia Inquirer, Mr. Shubin also represents two other alleged victims of Jerry Sandusky. [Related: Jerry Sandusky child sex abuse case goes to the jury after both [...]

Verbally Abusive Middle School Kids Make A 68 Year Old Bus Monitor Cry

http://albertpeia.com/verbalabuseofbusmonitor.htm

120 Powerful Pieces Of Advice For Preppers

http://albertpeia.com/adviceforpreppers.htm

Will Russian And Chinese Military Forces On Syrian Soil Prevent Obama From Bombing Syria?

http://albertpeia.com/russiachinarational.htm

Ron Paul: There’s “No Way” I’m Endorsing Romney

Steve Watson | “He has the delegates, but he doesn’t have the hearts and the minds of the people” { At 77, I’ve really restrained myself from criticizing paul. After all, he is now irrelevant; and, as a matter of fact, after all is said and done, he’s proved exactly that. At this point, a real winner would not be preposterously grousing about something true of himself (who and how many are for paul) that he ascribes to Romney (who unlike paul has the delegates and almost ‘infinitely’ more hearts and minds than he), making noise about something irrelevant, instead of at least as a willing participant in the process silently riding into the sunset. Yeah, paul’s collecting his social security checks but seeks to end social security; what, after he dies and stops collecting? Senility is the only explanation for his uncouth attitude devoid of reality. Very disappointing! Really rather pathetic! }

WHERE IS THE BROAD-BASED NATIONWIDE, WORLDWIDE COVERAGE THIS FRAUD OF THE CENTURY DESERVES? This is serious business; viz., that wobama’s total b***s*** and an utter fraud! Are people too embarrassed to admit they’ve been hoodwinked by this total fraud, conman, grifter? This is so egregious that pathological is not nearly sufficient to describe what more aptly is nothing short of borderline if not outright criminal.

Video: Obama biographer analyzes the president

(CNN) - David Maraniss, who wrote the recently published Barack Obama biography, "Barack Obama: The Story," on Wednesday characterized ...

New Book Raises Questions About Obama's Memoir

New York Times (blog) - by Michael Shear

David Maraniss

davidmaraniss.com/

“Maraniss is a skillful, thorough writer with an eye for telling detail, … a fact-finding contemporary historian with an artist's touch and feel.” – Ed Bark, Dallas ...

PAPER: Obama's grandfather tortured by the British? A fantasy (like most of the President's own memoir)... By Toby Harnden PUBLISHED: 17:15 EST, 19 June 2012 | UPDATED: 17:25 EST, 19 June 2012 { http://albertpeia.com/wobamaschoomgangfantasy.htm }

‘A new biography of Barack Obama has established that his grandfather was not, as is related in the President’s own memoir, detained by the British in Kenya and found that claims that he was tortured were a fabrication.

'Barack Obama: The Story' by David Maraniss catalogues dozens of instances in which Obama deviated significantly from the truth in his book 'Dreams from My Father: A Story of Race and Inheritance'. The 641-page book punctures the carefully-crafted narrative of Obama’s life.

One of the enduring myths of Obama’s ancestry is that his paternal grandfather Hussein Onyango Obama, who served as a cook in the British Army, was imprisoned in 1949 by the British for helping the anti-colonial Mau Mau rebels and held for several months.

Obama’s step-grandmother Sarah, Onyango wife, who is still living, is quoted in the future President’s memoir, as saying: ‘One day, the white man’s askaris came to take Onyango away, and he was placed in a detention camp.

More...

Michelle Obama savages the pursuit of 'fat paychecks and nice offices' (despite her past life as a high-flying corporate lawyer)

Revealed: Michelle Obama's WHITE distant cousins... and how the First Lady's great-great-great grandmother had a relationship with a slave owner's son

‘But he had been in the camp for over six months, and when he returned to Alego he was very thin and dirty. He had difficulty walking, and his head was full of lice. He was so ashamed, he refused to enter his house or tell us what happened.’

In a 2008 interview, Sarah Obama claimed that he was ‘whipped every morning and evening’ by the British. ‘They would sometimes squeeze his testicles with metal rods. They also pierced his nails and buttocks with a sharp pin, with his hands and legs tied together. He was lucky to survive. Some of his fellow inmates were mutilated with castration pliers and beaten to death with clubs.’

But Maraniss, who researched Obama’s life in Kenya, Indonesia, Hawaii and the mainland United States, found that there were ‘no remaining records of any detention, imprisonment, or trial of Hussein Onyango Obama’. He interviewed five people who knew Obama’s grandfather, who died in 1979, who ‘doubted the story or were certain it did not happen’.

This undermines the received wisdom that Obama’s grandfather was a victim of oppression, an assumption that has in turn fuelled theories that Obama harbours an animus towards Britain based on a deeply-rooted rage about the way Onyango was treated.

John Ndalo Aguk, who worked with Onyango before the alleged imprisonment and was in touch with him weekly afterwards said he 'knew nothing' about any detention and would have noticed if he had gone missing for several months.

Zablon Okatch, who worked with Onyango as a servant to American diplomats after the supposed incarceration, said: ‘Hussein was never jailed. I know that for a fact. It would have been difficult for him to get a job with a white family, let alone a diplomat, if he once served in jail.’

Charles Oluoch, whose father was adopted by Onyango, said that ‘he did not have any trouble with the government in any way'.

Dick Opar, a relative by marriage to Onyango and a senior Kenyan police official, gave what Maraniss judged to be the most authoritative word. ‘People make up stories,’ he said. ‘If you get arrested, you say it was the fight for independence, but they are arrested for another thing.

‘I would have known. I would have known. If he was in Kamiti Prison for only a day, even if for a day, I would have known.’

Maraniss also casts a sceptical eye on Obama’s grandmother’s tales of racism in Kansas, doubting whether she was ever chastised for addressing a black janitor as ‘Mister’ or ridiculed for playing with a black girl.

Obama himself, Maraniss finds, deliberately distorted elements of his own life to fit into a racial narrative. The author writes that Obama presents himself in his memoir as ‘blacker and more disaffected’ than he really was.

The memoir ‘accentuates characters drawn from black acquaintances who played lesser roles his real life but could be used to advance a line of thought, while leaving out or distorting the actions of friends who happened to be white’…

In the forward to his memoir, Obama wrote that ‘for the sake of compression, some of the characters that appear are composites of people I’ve known, and some events appear out of precise chronology’.

But Maraniss writes that Obama’s book is ‘literature and memoir, not history and autobiography’ and concludes: ‘The character creations and rearrangements of the book are not merely a matter of style, devices of compression, but are also substantive.’

Writing about his schooldays, Obama created a friend called Regina, a symbol of the authentic black American experience that Obama yearns for.

Maraniss found, however, that Regina was based on Caroline Boss, a white student leader at Occidental College. Regina was the name of Boss’s Swiss grandmother.

The book also notes that Obama removed two white roommates in Los Angeles and New York from his story. Obama himself told Maraniss in a 90-minute interview that a racial incident involving a New York girlfriend had in fact happened in Chicago.

A tale of the father of Obama’s Indonesian stepfather Soewarno Martodihardjo being killed by Dutch soldiers as he fought for Indonesian independence turns out to be ‘a concocted myth in almost all respects’, Maraniss finds.

According to the book, both Obama’s father and his paternal grandfather were abusive towards women and Maraniss finds that Obama’s story that he was abandoned by his father when he was two was false – in fact, Obama’s mother fled to Washington state a year earlier, possibly because she was being beaten.

A character in Obama’s memoir called Ray, portrayed as a symbol of young blackness, is in fact based on a fellow pupil who was half Japanese, part native American and part black and was not a close friend.

‘In the memoir Barry and Ray, could be heard complaining about how rich white haole [upper class white Hawaiian] girls would never date them. In fact, neither had much trouble in that regard.’

Obama notes of his own grandfather that he was apt to create ‘history to conform with the image he wished for himself’. 

Maraniss, who also wrote an acclaimed biography of Bill Clinton, suggests that throughout his life Obama himself, following on from his forbears on both sides,  has done the same thing.

Read more: http://www.dailymail.co.uk/news/article-2161817/Obamas-grandfather-Stanley-Armour-Dunham-tortured-British.html#ixzz1yIt8JZKV

All Over America Government Control Freaks Are Forcing Preppers Back On To The Grid

http://endoftheamericandream.com

http://albertpeia.com/usgovernmentcontrolfreaks.htm

10 Things That Will Happen If Barack Obama Continues To Systematically Legalize Illegal Immigration

http://endoftheamericandream.com

http://albertpeia.com/10thingsifwobamalegalizesillegalimmigration.htm

Lew Rockwell: Ron Paul will NOT Endorse Mitt Romney

Prisonplanet.com | Lew Rockwell joins Alex to discuss the latest in the Ron and Rand Paul controversy.

{ I include this and infowars/prisonplanet headlines so as not to be accused of first amendment obstruction. Yet, I’m constrained to point out that I was censored on the alex jones sites who despite endlessly complaining about censorship, do so themselves (particularly regarding American inherently criminal predispositions, which of course lead ineluctably to much of what alex jones complains about, especially corruption). Jones et als complain about jivetalking pre-disposed failed president and dictatorial despot wobama yet seek to be wobama’s best friends in embracing whatever it is that yields proven failure and ominously worse by a petulant attitude that ignores the reality of flawed americana. Fortunately, the grueling primary battle of which Ron Paul was a willing participant has yielded the ultimate winner in November in the person of President Mitt Romney. Sadly, jones remains ‘mr. tubby not too bright’ (he really isn’t that bright) from Texas who just can’t help himself as the moth to the flame in ineluctably embracing losing whenever he can, chiding others for not following his lemming path beyond the precipice (ie., the wiser Rand Paul – Ron Paul was 77 and never resonated despite equal opportunity to do so), which makes him a loser in spades. He’s really become quite an embarrassment to anyone who has ever appreciated his attempts to call a spade a spade! Signed: Al Peia I’ve logged in for this one comment only and will post no others, and will delete the account registration in short order. http://albertpeia.com }

Alex Jones’ infowars.com/prisonplanet.com

Contact PrisonPlanet.com

Please cancel my registration / account without delay!

Thank you.

Signed: Albert L Peia Dated: 6-17-12

http://albertpeia.com/tubbyjonesnottoobright.htm

Email scandal sinks Obama nominee

Romney: Obama doesn't deserve credit for any recovery { Because there is no real recovery; just increased debt, increased prices to obfuscate the reality of no real recovery! } Obama’s Harvard law professor Roberto Unger says ‘he must be defeated in 2012′ UK Daily Mail | A former professor of Barack Obama has turned against his one-time student and publicly urged voters not to re-elect him. http://albertpeia.com/wobamalawprofessorsaysdefeatobama.htm

Obama’s Harvard law professor Roberto Unger says ‘he must be defeated in 2012′

UK Daily Mail | A former professor of Barack Obama has turned against his one-time student and publicly urged voters not to re-elect him. http://albertpeia.com/wobamalawprofessorsaysdefeatobama.htm

Lew Rockwell: Ron Paul will NOT Endorse Mitt Romney

Prisonplanet.com | Lew Rockwell joins Alex to discuss the latest in the Ron and Rand Paul controversy. { I include this and infowars/prisonplanet headlines so as not to be accused of first amendment obstruction. Yet, I’m constrained to point out that I was censored on the alex jones sites who despite endlessly complaining about censorship, do so themselves (particularly regarding American inherently criminal predispositions, which of course lead ineluctably to much of what alex jones complains about, especially corruption). Jones et als complain about jivetalking pre-disposed failed president and dictatorial despot wobama yet seek to be wobama’s best friends in embracing whatever it is that yields proven failure and ominously worse by a petulant attitude that ignores the reality of flawed americana. Fortunately, the grueling primary battle of which Ron Paul was a willing participant has yielded the ultimate winner in November in the person of President Mitt Romney. Sadly, jones remains ‘mr. tubby not too bright’ (he really isn’t that bright) from Texas who just can’t help himself as the moth to the flame in ineluctably embracing losing whenever he can, chiding others for not following his lemming path beyond the precipice (ie., the wiser Rand Paul – Ron Paul was 77 and never resonated despite equal opportunity to do so), which makes him a loser in spades. He’s really become quite an embarrassment to anyone who has ever appreciated his attempts to call a spade a spade! Signed: Al Peia I’ve logged in for this one comment only and will post no others, and will delete the account registration in short order. http://albertpeia.com } http://albertpeia.com/tubbyjonesnottoobright.htm

Unholy mess: Vatican amidst mafia money-laundering scandal [ The unholy see? Or are they conveniently blind? ] The Vatican Bank is under media fire as reports emerge that Italian prosecutors suspect it of laundering Sicilian mafia bosses’ riches.

{ I'm surprised they did this there and not here in the states where drug-money laundering is among other significant crimes, protected. My reply incorporates my direct experience concerning the foregoing and then some here in the states:

FIGHT FOR THE FUTURE <TEAM@FIGHTFORTHEFUTURE.ORG>

I think you should keep this in mind:

There's not even the slightest doubt in my mind that they're already monitoring/wiretapping phones/lines without warrants; and have been doing so for quite some time. [ I actually confirmed this by measuring the impedance on my line with devices for said purpose some time ago]. I personally haven't had such pressing need for privacy; but I support your cause [I also believe they monitor everything you see on your screen and their supercomputers are getting better/faster, etc.].

What I believe this is about is their using/referencing same and such for charges, in court or otherwise, etc..

You must realize the law, arbitrarily enforced at best, coercive consistent with their misguided agendas, is all but absolutely meaningless to them except as used to further their respective agendas. The process is totally corrupt (the very few exceptions are statistically insignificant). After all, you need only look so far as the still unprosecuted largest wall street frauds, the government's illegal drug trade, etc.. [Think of it in terms of arm-twisting without the twisting; unless of course, you don't see/do things their way, in which case you may experience the full weight of the law as they arbitrarily apply it. Don't forget: they have the same employer.]

I've experienced this first-hand:

http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm

http://albertpeia.com/americangovernmentdrugtrafficking.htm
http://albertpeia.com/americascorruptiondrugtrade.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

From a somewhat recent post and my website: http://albertpeia.com

5-22-12 IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES (Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT (Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United States of America while Barack Obama is President.  The evidence is overwhelming:  everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed.  Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each.  Nearly 2-1/2 million fewer Americans have jobs than before the stimulus. Barack Obama has been President for 30 months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.  He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW.  His broken campaign promises are too numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD-BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!

http://www.albertpeia.com/todayspage.htm
http://albertpeia.com/todaysbusinesssummarylinks.htm
http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
http://albertpeia.com/22signsglobalrecessiondepression.htm
http://albertpeia.com

From: Fight for the Future <team@fightforthefuture.org>
To: albert_peia@yahoo.com
Sent: Tuesday, June 12, 2012 11:18 AM
Subject: CISPA vote delayed!

Ok, so here's the latest on CISPA:

Insiders expected the Senate to vote in the week after they returned from Memorial Day recess. But guess what? The week’s over, and no vote. Now we're hearing the Senate might not vote until the 3rd or 4th week of June.

This is exactly what we want. CISPA's supporters are in a race against time: in just 7 weeks Congress will shut down, election season kicks in, and the clock runs out for CISPA. Even better, the fact that Congress postponed the vote means they probably don't have enough "yes" votes yet.

The problem is, they’re working on a deal to get those votes. Which is why we need every person receiving this in California to schedule a meeting at their senator’s office. Call, get a time and date and report back, making sure we can contact you. Others will follow your lead and offer to go with you. Let’s do this -- we have to get into their offices before they finish cutting a deal and pass this awful bill.

Click here to call to get a date and time for a meeting now! (It’s super important)

The odds are against us, but the idea of giving the FBI, NSA, and local police a permanent warrantless wiretap on our online life... well, it makes us sick. Let’s win this one.

-Douglas and Zak
Fight for the Future

Nancy Pelosi Wants to Amend the First Amendment Kurt Nimmo | When Pelosi says “special interests,” she means interests opposed to establishment Democrats. [ Here’s a look at the pelosi / wobama styled new california ( 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm ) . pelosi’s incompetent / senile in that chronological order. At his point, wobama the b for b***s*** is just incompetent but acts and seems as if he’s senile, particularly with regard to previous things he’s said and prior promises that he’s made. ]

Low IQ & Conservative Beliefs Linked to Prejudice [ I disagree with this speciously reasoned article. First, all races are prejudiced (I believe there to be and data supports evolutionary underpinnings to this pervasive trait - beyond the scope of this comment). Second, careful scrutiny of real, unfiltered data, coupled with command and knowledge of statistics and probabilities lead ineluctably to certain conclusions/outcomes that political correctness would love to ignore to the ‘innocent’ populace’s detriment and peril. Third, a study emanating from canada is hardly the touchstone for credible ‘universal’ application inasmuch as, though hardly a random sampling, I have personally found canadians to be thieves and criminals without exception thus far in my direct experience. As such, I’d say this specious study to be somewhat self-serving at best, and spurious egalitarian propaganda at worst. Rationally based, meaningful, uncorrupted law and enforcement, though rare, are a prescription for dealing with base human instincts. It may not always be pretty, but reality counts! ]

Why Is It Necessary For The Federal Government To Turn The United States Into A Prison Camp?

http://theeconomiccollapseblog.com

http://albertpeia.com/usprisoncamp.htm

{ I really must say that this is a tough one because the vast majority of americans are inherently criminal, with the highest crime rates in the world among the so-called ‘civilized’ nations (you can’t count the niggers of sub-saharan africa as civilized, and there’s no question but that the niggers have disproportionately skewed the american crime rates, particularly violent crimes, higher); including, from my direct observation and experience, that within all three branches of the u.s. government. Indeed, the (should be prison) inmates are running this asylum called america. The reality is that there are so many americans that are not in jail who should be in jail, it’s difficult to avoid these harsh third world measures in what has essentially become a third world nation overrun by the most sordid, despicable criminals one can imagine. They must really prosecute the biggest criminals including the oligarchs as, ie., the huge frauds on wall street, etc., and ‘bury’ the violent repeat offenders, etc., without exception. The problem with america is not the terrorist threat from without, but rather the plethora of inherently criminal americans within. Moreover, the corruption is pervasive and systemic. Unfortunately, crime pays in america and pays well; and, God help you if you try to live within the law and get in their way or potentially cost them money or some of their illegal business because no one else will. There’s criminal control at all levels of american society. That’s the problem; with the relatively few non-criminally inclined, criminal by complicity inasmuch as americans are for the most part gutless cowards who go along to get along along with a million other excuses, not the least of which is ‘the price was right’. That’s reality! That said, it’s the ‘for or agin’ me primitive mentality that pervades the u.s. government, ‘thought police’, arbitrary powers of detainment, abrogation of first admendment rights, internet intrusion/censorship, arbitrary enforcement of the law, etc., that is and I find particularly appalling, counter-productive, and regressive. There is an element of projection, given some of the evil things the government has done abroad; blowback being not entirely out of the realm of possibility which ultimately is the sad consequence of the worst of human nature which is invariably inclined to go too far in the worst way. The sad fact is that as with any banana republic, the governmental powers that be go to whatever nefarious lengths necessary (control by whatever means, at some level) to unreasonably maintain their access to undeserved power, money, resources, luxuries, etc., invariably to the detriment of the vast majority as is so here in america today. There are very few positive things that can be said of america today. I, for one, cannot think of any at all! [ ‘america, love it or leave it’? Love it? Truth be told, I don’t even like america! See, ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm ] }

A Spanish Company Known As Scytl Will Be Reporting Election Results For Hundreds Of U.S. Jurisdictions On Election Day

http://albertpeia.com/spanishcotoreportuselectionresults.htm

Obama Should ‘Remove Eric Holder’ and ‘Just Come Clean’ on Fast and Furious, Says Rep. Steve King

CNSNews.com | “If I were the president of the United States, I would find a way for Eric Holder to step down, and it would be characterized as a firing,”

GOP Blasts Obama for Travel Costs

Trail of Death: Breitbart Coroner Turns Up Dead, Arsenic Poisoning Suspected

Patrick Henningsen | Another dead body turns up in LA, this time it’s a veteran coroner technican connected to the Andrew Breitbart case.

95 Percent Of The Jobs Lost During The Recession Were Middle Class Jobs

http://albertpeia.com/95percentofjobslostmiddleclass.htm

Why? - 21 Unanswered Questions That They Don't Want You To Look Into

http://albertpeia.com/21unansweredquestions.htm

BIN LADEN WAS ALREADY DEAD http://albertpeia.com/binladenwasalreadydead.htm

Bin Laden: Everyone Is Missing the Big Picture

: George Washington : 04/30/2012

BLIND CHINESE ACTIVIST: THE PERFECT NEW AMERICAN CITIZEN – DOESN’T KNOW ANYTHING ABOUT AMERICA AND HE IS BLIND!

US Using Staged “Blind Activist” Stunt For Leverage Ahead of Talks Prisonplanet.com

Chinese Activist Makes Plea to U.S. Congress...
Obama under fire... {While there’s plenty of deserved critism for wobama, on a multitude of issues, and should indeed be voiced by a multitude of people; smith of pervasively corrupt, mob infested/controlled jersey is not one to be doing the criticizing. As with america generally, there is certainly nothing positive that can be said of the sordid state of new jersey!}

US Using Staged “Blind Activist” Stunt For Leverage Ahead of Talks Prisonplanet.com
Why Is It Necessary For The Federal Government To Turn The United States Into A Prison Camp?

http://albertpeia.com/usprisoncamp.htm

{ I really must say that this is a tough one because the vast majority of americans are inherently criminal, with the highest crime rates in the world among the so-called ‘civilized’ nations (you can’t count the niggers of sub-saharan africa as civilized, and there’s no question but that the niggers have disproportionately skewed the american crime rates, particularly violent crimes, higher); including, from my direct observation and experience, that within all three branches of the u.s. government. Indeed, the (should be prison) inmates are running this asylum called america. The reality is that there are so many americans that are not in jail who should be in jail, it’s difficult to avoid these harsh third world measures in what has essentially become a third world nation overrun by the most sordid, despicable criminals one can imagine. They must really prosecute the biggest criminals including the oligarchs as, ie., the huge frauds on wall street, etc., and ‘bury’ the violent repeat offenders, etc., without exception. The problem with america is not the terrorist threat from without, but rather the plethora of inherently criminal americans within. Moreover, the corruption is pervasive and systemic. Unfortunately, crime pays in america and pays well; and, God help you if you try to live within the law and get in their way or potentially cost them money or some of their illegal business because no one else will. There’s criminal control at all levels of american society. That’s the problem; with the relatively few non-criminally inclined, criminal by complicity inasmuch as americans are for the most part gutless cowards who go along to get along along with a million other excuses, not the least of which is ‘the price was right’. That’s reality! That said, it’s the ‘for or agin’ me primitive mentality that pervades the u.s. government, ‘thought police’, arbitrary powers of detainment, abrogation of first admendment rights, internet intrusion/censorship, arbitrary enforcement of the law, etc., that is and I find particularly appalling, counter-productive, and regressive. There is an element of projection, given some of the evil things the government has done abroad; blowback being not entirely out of the realm of possibility which ultimately is the sad consequence of the worst of human nature which is invariably inclined to go too far in the worst way. The sad fact is that as with any banana republic, the governmental powers that be go to whatever nefarious lengths necessary (control by whatever means, at some level) to unreasonably maintain their access to undeserved power, money, resources, luxuries, etc., invariably to the detriment of the vast majority as is so here in america today. There are very few positive things that can be said of america today. I, for one, cannot think of any at all! [ ‘america, love it or leave it’? Love it? Truth be told, I don’t even like america! See, ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm ] }

16 Signs That People Are Becoming Stupider

http://albertpeia.com/16signspeoplebecomingstupider.htm

The Fastest Growing Religion In America Is Islam

http://albertpeia.com/fastestgrowingreligioninamericaislam.htm

Merkel’s In Hot Water… So No More Bailouts… Sorry Spain

May 3, 2012 By gpc1981 http://albertpeia.com/merkelsinhotwaternomorebailouts.htm

Some pictures for the past quarter http://albertpeia.com/42712pics.gif

Ron Paul Could Still Win Enough Delegates To Deny Mitt Romney The Republican Nomination

http://albertpeia.com/notgoingtohappen.htm

{ First, let me say at the outset, that if Ron Paul’s grandmother had had wheels, she’d have been a trolley car. Not going to happen! Second, I include this article on my website as a matter of first amendment principle, encouraged by the authors of their website so to do. Third, and most important, it doesn’t matter what Ron Paul does at this point. He’s totally irrelevant as he’s proven over and over again to be at the end of an atypically grueling primary campaign. Quite simply, with plenty of opportunity to do so, Ron Paul never resonated with the primary voters of his own party, which party he himself chose. In a general election, Ron Paul would be lucky to get (probably the low end of the range of) 15%-25% of the vote. Remember: we’re not talking about a high school debate here, but rather an american general election with all its faults. There isn’t one vote that potentially goes to the failed president obama that couldn’t/wouldn’t as likely go, and upon reflection with rationality the criteria would go to Mitt Romney. Obviously, that’s clearly not the case for Paul. Wobama‘s a jive-talking loser who failed to do what he said he’d do last time around which we now know if he had done this nation and the world would be in a better position this day. Mitt Romney really wants to be President, which of course is not the decisive test. He’s smart enough, and flexible enough (which set up the primary battles to follow) to be President of all the nation. He wanted it, fought for it, and has earned it. At the age of 77, one could only at best say of Ron Paul that he should have started sooner. At worst, given that Paul’s chosen defacto to favor the side of collectively the losers for the proven loser, the mentally troubled b***s*** artist obama; which then makes him no more than a loser himself, and an embittered, senile old man at that. I side with the former missionary, President Mitt Romney and First Lady Ann who I congratulate for their victory in what I further believe will be a blowout victory in November. }

After The Government Microchips Our Soldiers, How Long Will It Be Before They Want To Put A Microchip In YOU

http://albertpeia.com/governmentchippinaway.htm

24 Facts That Prove That America Is A Nation Of Slobs

http://albertpeia.com/24factsproveamericaanationofslobs.htm

INFOWARS.COM http://www.infowars.com On the Wednesday, May 9 edition of the Alex Jones Show, Alex talks with Douglas J. Hagmann, founder and director of the Northeast Intelligence Network. He is also the CEO of a private investigative agency serving a roster of Fortune 500 clients. Due to his expertise in covert surveillance and counter-terrorism, Mr. Hagmann has been used as an operational asset by the U.S. Department of Justice, the FBI, as well as the Pennsylvania and New York State Police agencies. Earlier this month, Doug said high-level, reliable sources told him the Department of Homeland Security is preparing for “massive civil war” in America as a result of a collapse of the dollar and the hyperinflation that will result. Alex also continues his coverage of the Army's re-education camps and the upcoming Bilderberg confab in Virginia.

Is The Food We Eat Killing Us?

http://albertpeia.com/foodkills.htm

Obama criticizes Romney as 'backwards on equality' President Barack Obama wasted little time casting Republican rival Mitt Romney as "backwards on equality" on Thursday, eager to transform his historic embrace of same-sex marriage into donor... { Except that wobama’s been as he puts it, backwards on equality until one day ago when he embraced same sex marriage for election-year expedience in desperation after opposing same for years; and, don’t forget, despite promises to the contrary, no prosecutions for the big frauds on wall street who remain in wobama’s monkey-eyes more equal than others. The wobamas, wobama, stand for nothing whatsoever and are just a pair of grifters who make the entire nation, if not the world, look dumb and foolish! }

Millions Of Illegal Immigrants Are Using A Massive Scam To Get Bigger Tax Refunds Than You Are

http://albertpeia.com/illegalimmigranttaxscam.htm

Poll: Obama Trails Romney By 7 Per Cent

Rasmussen Reports

US spy agency can keep mum on Google ties: court

AFP

Newsweek cover: Obama ‘first gay president’

ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose, Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving nigger was enraged by his being thwarted in his scope-out/plundering of Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his true story, Zimmerman was fighting for his life and ultimately saved the citizens of Florida from the future costs of the burgeoning violent, thieving typical nigger-criminal trayvon martin.}

The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing

{ First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. }

http://albertpeia.com/planetalreadyruined.htm

12 Pictures That Demonstrate How The New World Order Openly Mocks Us

http://albertpeia.com/newworldordervedgesmockus.htm

{ First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are. Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said: The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing

{ First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. }

http://albertpeia.com/planetalreadyruined.htm }

New Bill Would Make It Legal To Target Propaganda And "Psychological Operations" Directly At U.S. Citizens

http://albertpeia.com/targetinguscitizens.htm

The dumb report on congressional dumbness

Turn Out The Lights - The Largest U.S. Cities Are Becoming Cesspools Of Filth, Decay And Wretchedness

http://albertpeia.com/biguscitiescesspoolsoffilthdecaywretchedness.htm

20 Signs That Society Is Beaking Down And That America Has Been Overrun By Psychos

http://albertpeia.com/20signsamericaoverrunbypsychos.htm

The UN Wants Complete Control Over The Internet And That Would Mean Unprecedented Censorship, Taxes And Surveillance

http://albertpeia.com/unwantscontrolofinternetforcensorshiptaxessurveillance.htm

10 Signs That The Highways Of America Are Being Transformed Into A High Tech Prison Grid

http://albertpeia.com/10signsamericanhighwaysnowhightechprisongrid.htm

L.A. KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000

June 6, 2012  http://albertpeia.com/blackonbrowncrime.htm

{ When are people going to awaken to the reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby who unlike hoodie trayvon martin killed in self-defense (from niggers) was not a thief and was totally innocent? The tragic outcomes for ignoring the threat of the uncivilized niggers! }

http://albertpeia.com/blackonbrowncrime.htm

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

'Failure': Romney slams Obama on economy Mitt Romney called President Barack Obama's handling of the economy a "moral failure of tragic proportions," suggesting he's failed the American people by enacting policies that have been "muddled, confused and simply ineffective." Speaking at a campaign event in St. Louis, the Republican nominee said it is "painfully obvious" that Obama was "inexperienced" and "simply [...] { Come on! This is really so blatantly true; and, what could have been expected with 150 fundraisers plus more vacations than any predecessor, aside from photo ops and teleprompted b***s*** sessions to hear himself talk, as with wobama himself, there’s been nothing of substance! IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES (Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT (Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United States of America while Barack Obama is President.  The evidence is overwhelming:  everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed.  Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each.  Nearly 2-1/2 million fewer Americans have jobs than before the stimulus. Barack Obama has been President for 30 months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.  He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW.  His broken campaign promises are too numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD-BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE! }

Can You Answer 25 Difficult Questions That The Mainstream Media Does Not Seem To Have Answers To?

http://albertpeia.com/25questionsmainstreammedianoanswers.htm

U.N. could tax U.S.-based Web sites, leaked docs show

CNet News | The United Nations is considering a new Internet tax targeting the largest Web content providers. Drudgereport: REPORT: UN to take up 'global Internet tax' proposal … [ It is unfathomable that anyone takes such a failed organization as the u.n. seriously; they’re a costly, extravagant, waste of money! Any costs so leveyed should be deducted from dues foolishly and wastefully paid to the u.n.. Time to abolish the u.n.! ] ... { The UN Wants Complete Control Over The Internet And That Would Mean Unprecedented Censorship, Taxes And Surveillance http://albertpeia.com/unwantscontrolofinternetforcensorshiptaxessurveillance.htm }

The Elite Are Attempting To Convince Us That Killing Off Our Sick Grandparents Is Cool And Trendy

http://endoftheamericandream.com

http://albertpeia.com/howtodietime.htm

{ First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant species descended from initially notochords, primitive chordates, and relatively more recently primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. }

[ 12 Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables that they in fact are, who have been the very architects of ultimately their own and the planet’s decline, fall, and demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal fate at every turn; viz., their embrace of ‘political correctness’, though contraindicated, as, ie., the embrace of the violent, destructive nigger who literally would have them for dinner, or the compulsion to embrace that which the state says is right, though contraindicated, for political expedience owing to failure fed (including the incompetent missteps of the failed fed) desperation, ie., gay marriage, etc., contrived wars / conflicts, among other clearly observable, self-interested behavior of people, companies, nations, including the gargantuan bailed out frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not been held to even one of his former now broken campaign promises and is embraced by those foolish enough to believe more of the same is testament to how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do anything right as they’ve now proven time and time again. As I previously said:

The Elite Believe That You Are Ruining Their Planet And They Want You To Stop Reproducing

http://albertpeia.com/planetalreadyruined.htm ]

‘What should be done with elderly Americans when they become very seriously ill?  Should we try to save their lives or should we just let them die?  Unfortunately, there is a growing consensus among the "intellectual elite" that most elderly people are not going to have a high enough "quality of life" to justify the expense of costly life saving procedures.  This philosophy is now being promoted very heavily through mainstream news outlets, in our television shows and in big Hollywood movies.  The elite are attempting to convince us that killing off our sick grandparents is cool and trendy.  We are being told that "pulling the plug" on grandma and grandpa is compassionate (because it will end their suffering), that it is good for the environment and that it is even good for the economy.  We are being told that denying life saving treatments to old people will dramatically reduce health care costs and make the system better for all of us. We are being told that it is not "efficient" for health insurance companies to shell out $100,000 for an operation that may extend the life of an elderly person by 6 months.  But the truth is that all of this is part of a larger agenda that the elite are attempting to advance.  As I have written about previously, the elite love death, and they truly believe that reducing the population is good for society and good for the planet.  Sadly, population control propaganda has reached a fever pitch in recent months.

Time Magazine has just come out with a very shocking cover story entitled "How To Die".  The article goes on and on about how wonderful and compassionate it is to remove life saving treatment from sick relatives.

A recent article by Mike Adams summarized the message of this disgusting article....

Inside, the magazine promotes a cost-saving death agenda that encourages readers to literally “pull the feeding tubes” from their dying elderly parents, causing them to dehydrate and die. This is explained as a new cost-saving measure that drastically reduces return hospital visits by the elderly… yeah, because dead people don’t return to the hospital, of course.

Many of you also probably remember the Newsweek cover story from a couple years ago that was entitled "The Case for Killing Granny".

Underneath that shocking title was the following phrase: “Curbing excessive end-of-life care is good for America.”

According to the author of that article, spending less money on the elderly is the key to successful health care reform....

The idea that we might ration health care to seniors (or anyone else) is political anathema. Politicians do not dare breathe the R word, lest they be accused—however wrongly—of trying to pull the plug on Grandma. But the need to spend less money on the elderly at the end of life is the elephant in the room in the health-reform debate. Everyone sees it but no one wants to talk about it. At a more basic level, Americans are afraid not just of dying, but of talking and thinking about death. Until Americans learn to contemplate death as more than a scientific challenge to be overcome, our health-care system will remain unfixable.

Sadly, articles like that one are becoming quite frequent in mainstream media sources.

Just a few days ago, a Bloomberg article entitled "How 'Death Panels' Can Prolong Life" declared that we must "deny treatment to people who want it" in order to hold down costs....

In short, all the Republican talk during the health-care- reform debate about “death panels” was melodramatic and unfair, but not ridiculous. One way or another, holding down health-care costs will require policies that deny treatment to people who want it. And want it because it will extend their lives.

This goes on already, all the time. Health insurance companies have been known to deny payment for treatments deemed unnecessary. Age limits for organ transplants are another example. All policies that involve denying care because of “quality of life” considerations are, in effect, “death panels.” But no society can afford to give every citizen every possible therapy. Medicare is going broke trying.

So who are we supposed to deny treatment to?

The elderly of course.

According to that Bloomberg article, we are supposed to kill off our sick grandparents because the "quality of life" they would be expected to have if they recover would not be enough to warrant spending so much to save them....

A $200,000 operation can add a year or two to the life of an octogenarian, or it can save decades of life for younger people. In a country like the U.S., with an average life expectancy of 78.5, it takes 10 septuagenarians who get an extra five years from the health-care system to balance a single 30- year-old who gets 50 extra years. Or save the life of a newborn, who then enjoys a normal life span and dies at 78.5, and you have the same impact on national life expectancy as 16 operations on septuagenarians. The average national life expectancy can increase even as the cost goes down.

This is the kind of thinking that starts happening in a society that dramatically devalues life.

If human life has little value, then it is easy to start justifying things that would have once been unthinkable.

For example, one surgeon is now suggesting that we should start harvesting organs from patients before they die....

Dr. Paul Morrissey, an associate professor of surgery at Brown University's Alpert Medical School, wrote in The American Journal of Bioethics that the protocol known as donation after cardiac death -- meaning death as a result of irreversible damage to the cardiovascular system -- has increased the number of organs available for transplant, but has a number of limitations, including the need to wait until the heart stops.

Because of the waiting time, Morrissey said that about one-third of potential donors end up not being able to donate, and many organs turn out to not be viable as a result.

Instead, he argues in favor of procuring kidneys from patients with severe irreversible brain injury whose families consent to kidney removal before their cardiac and respiratory systems stop functioning.

Do you want your organs harvested before you are dead?

Sadly, those that often do need organ transplants the most these days are often denied for "quality of life" issues as well.

For example, at one U.S. hospital a 3-year-old girl named Amelia was denied a kidney transplant that she desperately needed simply because she is considered to be "mentally retarded".

These are the kinds of decisions that are being made by doctors and by health insurance companies all over America every day.

And did you know that life-ending drugs are going to be 100% free under Obamacare?

I did not know this until I read a Christian Post article the other day....

A Christian-based legal defense alliance is warning Americans who already believe that President Barack Obama's health care plan is a bad idea that the "ObamaCare mandate is worse than you think."

"Everyone likes a good surprise, but no one likes a bad surprise. So, you're really not going to like the surprises buried in the 2,700 pages of this document," says the narrator of a short video produced by the Alliance Defense Fund.

"Did you know that with ObamaCare you will have to pay for life-saving drugs, but life-ending drugs are free. One hundred percent free. If this plan were really about health care wouldn't it be the other way around?"

Apparently they want to make it as easy to off yourself and your relatives as possible.

So where is all of this headed?

Are we eventually going to become like the Netherlands?

In the Netherlands, mobile euthanasia teams are now going door to door to help elderly patients end their lives in the comfort of their own homes.

Is that what we want?

Do we want government agents going door to door to help people die?

As I have written about previously, the elite believe that the world is massively overpopulated and they believe that all of us are ruining their planet.

So they love euthanasia, abortion and pretty much anything else that will result in more people ending up dead. What are your thoughts about all of this?  Please feel free to post a comment with your opinion below....’

Sobbing witness, 18, details sex abuse in Sandusky trial { The defense: just a frolicking, cornholin’, fun-loving man-child; that sweet sandy was! Riiiiight! ‘… "After cracking my back and rubbing his hands down the back of my shorts and blowing on the stomach, he, he put his mouth on my privates," the man said, holding back sobs as a silent courtroom listened. "I didn't know what to do. With all the thoughts running through my head I kind of blacked out, I didn't want it to happen," the witness added. The witness began to cry and said Sandusky later had forced him to put his mouth on the coach's genitals…’ } http://albertpeia.com Crying witness gives graphic Sandusky account Witness: I saw Sandusky in the showers with a boy

Shooting rattles Auburn msnbc.com Three young men, including two college students, were killed and three others wounded in a Saturday night shooting in Auburn, Ala. Ex-football players dead in Auburn shooting [ Niggers will be niggers! ]

Mood toward Romney's prospects brighten

What Obama isn’t telling us

End of Peak Oil: 200-Year Supply Of Oil In One Single Shale Formation

A.M. Freyed | There’s plenty of oil, and even the global elites can’t hide it anymore. The United States Has Plenty Of Oil: 10 Facts About America's Energy Resources That Will Blow Your Mind http://endoftheamericandream.com http://albertpeia.com/10factsaboutamericanenergyresources.htm [ Well, first off, since we’re only talking decades at best, I agree the alarmist propaganda is all for naught. Yet, make no mistake, those who equate shale oil, deep water oil, etc., with that close to the surface, easily recovered, ie., sweet crude, are as misguided. It’s kind of like that ‘asteroid mining’ that’s ‘become the rage’. Firstly, in hollywood (oh yeah, we’ve seen them digitally land on asteroids, planets as in Avatar, etc., with ease and without a hitch), they don’t keep books the way other businesses do, at least on the creative end, viz., ie., Cameron. And, what do you expect a former pilot to say, etc.? As an example of ‘fuel price makes a difference’, anyone who thinks american airlines among others went bankrupt because they’re so horribly managed or because they felt like strategically avoiding their debt would be mistaken. For airlines it’s all about fuel costs and load factors, capital intensive that they are, and pennies literally do make a difference. Costs of extraction make a difference. Oh sure, there’s loads of oil. It’s all about the costs of getting it. Peak oil really has been reached in terms of ‘easy pickins’. Some even argue/document persuasively that current reserves of the ‘easy pickins’ are over-stated. ]

The Darkness Lurking Behind The Queen’s Diamond Jubilee

Infowars.com | As the Queen waves on, relatively few remember the cold-blooded murder which was then used as a giant psy-op on the public. Europe's Banking Union 'Non-Solution' , Guest Post: God Don't Save The Queen { You know, I recently have become somewhat bored of the topic ‘jolly old england’ despite their glaring failure across the board, and a noisome intrusiveness as here, for me, ie., orange street, conn. ( http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) , etc., and all the negatives entailed therewith; yet, there’s something so nauseating about that cloyingly bothersome nothingness that bespeaks old england, that ‘go along, get along and pretend’, that I include the following from Zerohedge.com that’s accurate, fair comment. } "Crowds Cheer Queen On Last Day of Jubilee" So ran the headline from Time.  Yesterday marked the end of the “Diamond Jubilee” of Queen Elizabeth II of the British monarchy.  The four day celebration was is honor of her ascendancy to the throne sixty years ago. Monarchies are supposed to be antithetical to freedom.  Under feudalistic monarchism, the notion of personal liberty took a backseat to loyalty to the king.  Those who weren’t part of or close to the nobility were referred to as subjects.  These peasants were to serve without question. Today, the only difference between the systematic malfeasance and plunder that existed under the rule of monarchs and that which defines the state is the ballot box.  Voters in a sense get to choose a small portion of their rulers.  This gives them the mirage of freedom when the nation-state they inhabit is no less than a contemporary field of serfdom lorded over by kings.  Too much of the public still behaves with the mindset of servants.  They are pathetically docile to those who hold the keys of their shackles. What the celebration of Queen Elizabeth’s sixty year rule showed is that the people of Great Britain never really escaped from monarchy. See also, http://albertpeia.com/esotericagenda.flv

These Two Traps Are Absolutely Destroying The Next Generation Of Young Men In America

http://albertpeia.com/2trapsdestroyingnextgenerationofamericanmen.htm

Are Guillotines Next? 11 Examples That Show That Beheading Has Become A Favorite Form Of Execution All Over The World

http://albertpeia.com/totheguillotine.htm

Ming Qu and Ying Wu Murder Case: Two arrested in the killings of ... (CBS) LOS ANGELES - Los Angeles police Friday announced the arrests of two suspects in connection with the shooting deaths of two Chinese graduate students who attended the University of Southern California, reports CBS Los Angeles. [ { Yup! Typical lawless, uncivilized niggers! The following comment to the article sums it up: ‘Three blacks shooting two Chinese students. Where is the public outcry and protests? Where are all of those that were screaming injustice when Trayvon Martin was shot?’ }

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]

Why Does The Mainstream Media Ignore The Bilderberg Group?

http://albertpeia.com/whydoesmainstreammediaignorebilderberggroup.htm

18 Examples Of The Nanny State Gone Wild
http://theeconomiccollapseblog.com
http://albertpeia.com/18examplesofnannystategonewild.htm

Guest Post: Uncle Sam Admits Monitoring You For These 377 Words

Submitted by Tyler Durden on 05/31/2012 http://albertpeia.com/usdhsadmitsmonitoringyouforthese377words.htm

Pastor Sentenced To 2 Years In Prison For Teaching That Parents Should Spank Their Children

http://endoftheamericandream.com

http://albertpeia.com/2yearsinprison.htm

{ I personally am against any and all forms of corporal punishment, ie., hitting, striking, spanking, etc., of a child and include this article as a matter of first amendment principle. I understand that in an inherently and pervasively lawless nation as america, the surface appeal of corporal punishment is compelling. I disagree with the author’s premise: ‘When many of us were growing up, once in a while our parents would take out a belt or a wooden paddle and give us a paddling on the behind when we did something wrong. Was there anything wrong with that? Of course not.’ }

17-Year-Old Girl Included On Obama’s Secret ‘Kill List’

Americans target of state-sponsored assassination program

Paul Joseph Watson
Prison Planet.com
Tuesday, May 29, 2012

President Barack Obama’s unconstitutional secret ‘kill list’ includes a 17-year-old girl along with several American citizens, according to a New York Times report.

“Mr. Obama has placed himself at the helm of a top secret “nominations” process to designate terrorists for kill or capture, of which the capture part has become largely theoretical. He had vowed to align the fight against Al Qaeda with American values; the chart, introducing people whose deaths he might soon be asked to order, underscored just what a moral and legal conundrum this could be,” reports the NY Times, adding that one of the targets in Yemen is “a girl who looked even younger than her 17 years,” and that “Several were Americans.”

The White House has asserted the right to carry out state-sponsored assassination anywhere in the world without having to provide any evidence or go through any legal process. The administration merely has to state that the target is a terrorist and it doesn’t matter whether they are an American citizen or not, as we saw in the case of American-born Anwar al-Awlaki and his son, who were both killed last year.

In December, Obama administration lawyers reaffirmed their backing for state sponsored assassination, claiming that “U.S. citizens are legitimate military targets” and do not have the right to any legal protection against being marked for summary execution.

During a CBS 60 Minutes interview in January, Secretary of Defense Leon Panetta revealed that Obama himself personally approves the policy to kill American citizens suspected of terrorism without trial on a case by case basis.

“So it’s the requirement of the administration under the current legal understanding that the president has to make that declaration, not you?” Panetta was asked, to which he replied, “That is correct.”

The fact that the administration is carrying out state-sponsored assassination with absolutely no regard to legal due process in the name of fighting Al-Qaeda is particularly brazen given the fact that the US has backed Al-Qaeda terrorists in both Libya and Syria in the effort to overthrow Colonel Gaddafi and Bashar Al-Assad.

“In the USA, it is illegal to impose executions on people under 18, something that most Democrats would support, I suppose. Yet, their vaunted president, Barack Obama, has declared that a 17-year-old girl is to be gunned down if American spies can find her,” writes Bill Anderson.

“Somehow, I doubt that there will be a peep of protest about that at the Democratic National Convention this summer. And, to make things even more depressing, I’m sure that the Republicans will claim that Obama is “soft on terrorism” and is too “timid” to launch the U.S. Killing Machine in full force. So it has come to this: Washington, D.C., is the new home of Murder, Inc.”

Given that spy drones used to hunt down insurgents in Afghanistan and Iraq are now not only being deployed domestically but also armed with non-lethal weapons, how long before such technology is used to assassinate American citizens on U.S. soil based on the mere claim that the target is a terrorist?’ http://albertpeia.com/20signsamericaoverrunbypsychos.htm

Press 1 For English: Is America Destined To Become A Multilingual Nation?

http://endoftheamericandream.com

http://albertpeia.com/usmultilingual.htm

Woman charged in NJ deaths of 2 Canadian tourists AP ‘…The killings marked the third and fourth homicides involving visitors to Atlantic City in the past two years. Exactly two years before the women were attacked, a casino patron from northern New Jersey was carjacked inside the Taj Mahal casino parking garage and later killed. A man convicted in that case is to be sentenced on Thursday. In September, another casino patron, also from northern New Jersey, was carjacked from the same garage and later fatally shot. Three young men are awaiting trial in that case…’ {Then there’s the pervasive mob element…jersey is disgusting!}

Romney opens new front vs Obama: schools are failing

Romney fires back: Election is about Obama's record

Romney promotes education agenda, defends Bain Originally planning to focus on education, Mitt Romney instead reignited the debate over his business credentials on Wednesday, welcoming scrutiny of the private equity firm he co-founded and declarin...

The Top 50 Excuses For Not Prepping

http://albertpeia.com/top50excusesfornotprepping.htm

‘Queen of Disco’ Donna Summer ‘thought she became ill after inhaling 9/11 particles’ { She was not alone in that regard; and, I believe it. When you have (as I have) read innumerable studies / etiologies regarding the synergistic effects of multiple, known inhaled carcinogens (ie., in the context of asbestos litigation), you realize that such as also reported by first responders, is neither fantasy, paranoia, nor fabrication. } London Telegraph | The singer had told friends she believed her illness was the result of inhaling toxic dust from the collapsed Twin Towers.

‘JERSEY BOY BRUCE’, STALWART WOBAMA SUPPORTER, WILL HE CHANGE THE WORDS TO:

‘Wasn’t Born in the U.S.A.’ , ‘Wasn’t Born in the U.S.A.’

http://albertpeia.com/wasntbornintheusa.htm

Say it isn’t so ,‘Jersey Boy Brucie’!

http://albertpeia.com/obp.jpg

Sing it Brucie:

Not born in the usa,

Not born in the usa,

O’s not born in the usa,

O wasn’t born in the usa!

http://albertpeia.com/impeachobama.htm

Breaking: Smoking Gun Evidence Obama Born in Kenya

breitbart.com | Obama’s publisher reveals more evidence Obama in violation of the Constitution.

Oops! Text Editor Rushes Out Apology for Kenya ‘Mistake’ in Obama’s Bio

Aaron Dykes | Publicist says “fact checking” not correspondence with Obama to blame, as apology is rushed out

Official Bio Said Obama Kenyan Born UP UNTIL April 2007 When Campaign Began

Infowars | Over 16 Years, Obama’s Literary Agency Circulated Official Biography Listing Birthplace as Kenya, Suddenly Changing it to Hawaii in 2007 Ahead of Bid for Highest Office

Bombshell: Obama “Born in Kenya”

Infowars | Obama’s own authorized biography while president of the Harvard Law Review says he was “born in Kenya.”

Evidence Obama Born In Kenya Goes Beyond 1991 Brochure

Paul Joseph Watson | Establishment media pulls stunt in effort to diffuse ‘birther’ controversy.

Establishment media pulls stunt in effort to diffuse ‘birther’ controversy

Paul Joseph Watson Infowars.com Friday, May 18, 2012

The establishment media hastily seized on yesterday’s explosive story about a literary publication listing Barack Obama’s birthplace as Kenya in an effort to claim that the 1991 brochure was the “origin” of the entire ‘birther’ issue. In reality, evidence that Obama was born in the African country is abundant.

A literary agent’s promotional text for a 1991 brochure released yesterday by Breitbart.com states Obama was “born in Kenya and raised in Indonesia and Hawaii.”

Yahoo News, along with a deluge of other mainstream news outlets, responded by reporting that the document was potentially the “source” of the birther controversy and had merely been a mistake.

The literary agent who wrote the description, Miriam Goderich, now works with Dystel & Goderich agency, which lists Obama as one of its clients. Unsurprising therefore that Goderich hastily claimed listing Obama’s birthplace as Kenya was “nothing more than a fact checking error.”

However, evidence to indicate that Obama war born in Kenya is plentiful and it goes significantly beyond the 1991 version of the brochure.

- Despite claiming the passage about Obama’s birthplace being Kenya was a mistake, the listing still maintained that Obama’s birthplace was Kenya until after Obama became a U.S. Senator. “Goderich’s statement fails to explain why the “fact checking error” persisted for sixteen years, through at least three different versions of Jane Dystel’s website, and through at least four different versions of Obama’s biography,” reports Breitbart.com.

- The literary agency also updated the text in June 1998, but the part about Obama being born in Kenya was retained.

- The text was again updated in February 2005 to reflect the fact that Obama had become a Senator, but Kenya was still listed as his birthplace.

- After an April 2007 modification of the text, the passage still read Obama, “was born in Kenya.”

- As Steve Boman reveals, the Dystel & Goderich agency asks its clients to submit their own biography, meaning it’s virtually impossible the listing of Obama’s birthplace as Kenya could have been a “fact checking error” on behalf of the literary company itself.

- During a speech about HIV, First Lady Michelle Obama said she and Barack Obama “visited his home country of Kenya.” Watch the clip below.

- In 2008, Obama’s paternal step grandmother appeared to indicate publicly that Barack Obama was born in Kenya. In an interview conducted by American Christian minister Ron McRae, Sarah Obama was asked, ‘Were you present when your grandson was born in Kenya?’” McRae testified in his sworn statement. “This was asked to her in translation twice, and both times she replied, “Yes! Yes she was! She was present when Obama was born.”

- Another source who met Sarah Obama told World Net Daily, “I have keenly and attentively listened to the tape over and over again, and I can confirm from Sarah’s own confession that Barack Obama was born in Kenya in her presence.”

- A separate Kenyan government official agreed, stating, “I have listened to the tape. The preacher asked whether Barack Obama was born in Mombassa, and the translator asked the same. When she said Mombassa, it was like a surprise, and those there thought she could not have meant to say Mombassa.”

- When New York Times bestselling author Jerome Corsi traveled to Kenya to investigate the claims, he was almost immediately kicked out of the country by Kenyan officials.

- When Kenya’s National Security Intelligence Service investigated claims that Obama was born in Kenya, officials in Nairobi found “relevant birth records may have been removed or were missing.”

- Obama has deep political connections in Kenya. From 2006 onwards he rallied in support of Islamist Raila Odinga in Kenya, helping him impose Sharia law. When Odinga lost the Kenyan election in 2008, his supporters rioted, unleashing a wave of violence. Despite the bloodshed, Obama used his influence to aid Odinga in retaining his position as part of a coalition government.

For the mainstream media to imply that the 1991 brochure is the “source” of the claim that Obama was born in Kenya is completely inaccurate. Not only was that brochure updated many times right up until 2007, with the information about Obama’s birthplace being Kenya retained, but there are numerous other factors which all indicate that Kenya could indeed be Obama’s homeland.

*********************

Paul Joseph Watson is the editor and writer for Prison Planet.com. He is the author of Order Out Of Chaos. Watson is also a regular fill-in host for The Alex Jones Show and Infowars Nightly News.

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Infowars.com | Alex speaks with Congressman Walter B. Jones, Jr. about H.CON.RES.107.

http://albertpeia.com/impeachobama.htm

New evidence in Trayvon Martin case raises more questions
Trayvon Martin's autopsy shows he had marijuana in his system the night he was killed by neighborhood watch volunteer George Zimmerman, and a gunshot to his chest came from close range, according to nearly 200 pages of previously undisclosed documents released Thursday.

On the Thursday, May 17, 2012 edition of the Alex Jones Show, Alex talks with former FBI translator and founder of the National Security Whistleblowers Coalition, Sibel Edmonds. Her allegations of misconduct within the FBI following the attacks of September 11, 2001, came to the attention of the Senate Judiciary Committee and led to a call for an independent audit of the FBI's translation unit. She subsequently gave sworn testimony accusing current and former members of the government of treasonous activity. Edmonds is the subject of a documentary, Kill the Messenger, and she hosts a website, Boiling Frogs. The FBI has attempted to prevent the publication of her book, Classified Woman: The Sibel Edmonds Story. Alex also covers the Obama impeachment bill, calls for a more invasive and “tougher” TSA, and the continued government crackdown on raw milk. Bombshell: Obama “Born in Kenya”

Infowars | Obama’s own authorized biography while president of the Harvard Law Review says he was “born in Kenya.”

Oops! Text Editor Rushes Out Apology for Kenya ‘Mistake’ in Obama’s Bio

Aaron Dykes | Publicist says “fact checking” not correspondence with Obama to blame, as apology is rushed out

Official Bio Said Obama Kenyan Born UP UNTIL April 2007 When Campaign Began

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Paul Harvey: If I Were The Devil: Infowars Version

Infowars | Paul Harvey predicts the future with the radio piece from the early 90′s.

Bombshell: Obama “Born in Kenya”

Infowars | Obama’s own authorized biography while president of the Harvard Law Review says he was “born in Kenya.”

Breaking: Smoking Gun Evidence Obama Born in Kenya

breitbart.com | Obama’s publisher reveals more evidence Obama in violation of the Constitution.

Panetta: Authority of UN Trumps Congress In Getting Approval For War On Syria

Paul Joseph Watson | Defense Secretary re-affirms Obama administration’s unconstitutional stance. { Wow! Talk about making up the ‘rules’ as you go along! Absolutely shocking! }

Panetta: Obama Has Authority to Override Congress to Declare War

Prisonplanet.com | Defense Secretary Leon Panetta says the President has the authority to override Congress’ exclusive power to declare war, if some “vital interest” is at stake. { Wow! Talk about making up the ‘rules’ as you go along! Absolutely shocking! }

INFOWARS.COM http://www.infowars.com On the Wednesday, May 9 edition of the Alex Jones Show, Alex talks with Douglas J. Hagmann, founder and director of the Northeast Intelligence Network. He is also the CEO of a private investigative agency serving a roster of Fortune 500 clients. Due to his expertise in covert surveillance and counter-terrorism, Mr. Hagmann has been used as an operational asset by the U.S. Department of Justice, the FBI, as well as the Pennsylvania and New York State Police agencies. Earlier this month, Doug said high-level, reliable sources told him the Department of Homeland Security is preparing for “massive civil war” in America as a result of a collapse of the dollar and the hyperinflation that will result. Alex also continues his coverage of the Army's re-education camps and the upcoming Bilderberg confab in Virginia.

UN: Mt. Rushmore Should Return to Native Americans { It’s truly hilarious how jones et als attempt to spin the fundamental, historical truth of inherent american criminality into some grand elitist conspiracy from without. Yet, the reality of within speaks for itself; and, I’ve seen inherent american criminality first hand, which inherent traits are at the core of virtually all jones et als posit as fatally problematic for the nation. I am smart, tough, and know the law; and, have seen american inherent criminality, corruption, despolation up close and personal, first hand, and know what ‘is’, is (then there’s the plethora of observable, empirical data that even the blind couldn’t ignore):

http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/americangovernmentdrugtrafficking.htm
http://albertpeia.com/americascorruptiondrugtrade.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm }

http://albertpeia.com/42712pics.gif

Alex Jones: Pentagon prepares re-education camps for political activists

RT | A new Department of Defense document has been leaked to the Web that details “Internment and Resettlement Operations.”

Leaked U.S. Army Document Outlines Plan For Re-Education Camps In America

Paul Joseph Watson | Political activists would be pacified to sympathize with the government.

How Will History Remember You?

http://albertpeia.com/whatwhosehistory.htm

The UN Plan For Running The World: Global Carbon Taxes, Global Safety Nets And A One World Green Economy
{ Come on! They can’t even run their own respective sinkholes competently! }

http://albertpeia.com/unsoundslikeaplanfordisasterontheway.htm

How Liberty Was Lost

Paul Craig Roberts | When did things begin going wrong in America?

http://albertpeia.com/howlibertywaslost.htm

The Ring Of Fire Is Roaring To Life And There Will Be Earthquakes Of Historic Importance On The West Coast Of The United States http://endoftheamericandream.com
http://albertpeia.com/ringoffireroaring.htm

National Movement Launched To Impeach Obama

Paul Joseph Watson | The five core reasons why Obama should be impeached.

THE FIVE CORE REASONS WHY OBAMA SHOULD BE IMPEACHED

Paul Joseph Watson
Prison Planet.com
Thursday, April 12, 2012

A new national movement has been launched to impeach President Obama based around five core issues which clearly demonstrate how Obama has flagrantly violated the Constitution.

The campaign, backed by director, producer, actor and writer Sean Stone, is a follow-up to North Carolina Republican Walter Jones’ efforts to bring the administration to account for launching unconstitutional wars without the authorization of Congress. Jones’ recently introduced resolution states that such actions represent “an impeachable high crime and misdemeanor.”

The five core reasons for impeachment proceedings to be launched can be summarized as follows;

#1) Despite promising otherwise, Barack Obama committed U.S. military resources to overthrow Libyan leader Colonel Gaddafi without any kind of congressional authorization whatsoever and without citing any evidence that Libya under Gaddafi was a threat to the security of the United States. Furthermore, Obama brazenly undermined the power of Congress by insisting his authority came from the United Nations Security Council and that Congressional approval was not necessary. “I don’t even have to get to the Constitutional question,” Obama churlishly remarked.

#2) On New Years Eve 2011, Obama signed into law the National Defense Authorization Act which includes provisions that permit the abduction and military detention without trial of U.S. citizens. Despite Obama claiming he would not use the provisions to incarcerate U.S. citizens, it was his administration that specifically demanded these powers be included in the final NDAA bill.

#3) The passage of the Obamacare bill, under which Americans will be forced to buy health insurance, is clearly anathema to the Constitution. “The individual mandate is unprecedented and exceeds Congress’s power to regulate interstate commerce. If it is allowed to stand, Congress will be able to impose any kind of economic mandate as part of any kind of national regulatory scheme,” writes Ilya Shapiro, a Senior Fellow in Constitutional Studies, Cato Institute.

#4) Obama’s role in the economic looting of America since he took office is unprecedented. Specifically, Obama violated the Constitution’s Takings and Due Process Clauses when he bullied the secured creditors of automaker Chrysler into accepting 30 cents on the dollar while politically connected labor unions and preferential others received better deals.

#5) Finally, Obama’s use of signing statements shows his desire to continue in the vein of George W. Bush and rule by executive fiat. This is a direct violation of Article II of the Constitution.

You can support this effort to get political momentum behind starting the impeachment process against Obama by forwarding this article and video to your network on Facebook, Twitter, You Tube and every other platform of communication.

If the makers of Kony 2012 can receive international viral coverage for putting out a film that was little more than a veiled call for another unconstitutional invasion, this call to impeach Obama deserves equal attention.

Read further information about the reasons why Obama should be impeached here.

Gerald Celente: The Empire is Collapsing Prisonplanet.com | “The cities are going to look like Dodge City. They’re going to be uncontrollable. You’re going to have gangs in control, motorcycle marauders.”

Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The reality is, if that were the criterion and rule, given the overwhelming prevalence of black violence, particularly black on white violence, there’d be a lot of dead niggers. Niggers are a scourge wherever they are; a black plague, if you will. The reality is that in this nation, having been overrun by niggers, americans have become the new age dinosaurs. As for tyson, the ugly little monkey that no one wanted, now full-grown angry ape, his IQ is well below the average 100. Ape tyson is just a disgrace, period. He’s a typical ignorant, violent ape/nigger. Life with ape tyson, also a convicted rapist, was described by his then (soon to be former) wife, Robin Givens, in a live televised interview with him present (you can only imagine the unsaid) as ‘hell’. He’s mentally deranged (too many head shots?), but he does profess typical nigger sentiment. Panthers Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:
April 11th, 2012 at 9:51 pm

11 percent of population and they always have thier hands out begging for more.No matter how much yougive them its never enough.Filthy animals is all they are.

Dandroid Reply:
April 11th, 2012 at 5:47 pm

Show trial to keep the peace? Cities will burn if hes found not guilty!

Startover Reply:
April 12th, 2012 at 12:04 am

Let the cities burn, send the Army in to finish them off
George Zimmerman is totally innocent
Trayvon is a punk ass killer (also a known thief and would be typical nigger criminal)

There is only one victim in this case and that is Zimmerman

Eduard Reply:
April 11th, 2012 at 7:28 pm

Precisely!! That was my thought. This press release sounded more like a minor league actress thanking everyone at a Grammy Award for her success. Then again, I can’t emphasize enough how despicable the “lawyer” field really is. There is no shame in it. The profession is a giant conflict of interest. Moreover, the rules of lawyer ethics always being pulpitted is nothing more than consumable fodder for the gullible. Ethics and lawyers? Laughable isn’t it? That’s like Lucifer passing out copies of the decalogue. This whole twist to the “mestizo-reported-as-a-white man” Zimmerman case has notched into a renewed effort of politicalization for formenting a racial war. …’ ]

America 2012: The Supreme Court Has Made It Legal For The Police To Strip Search You Any Time They Want

http://endoftheamericandream.com

http://albertpeia.com/stripyouanytime.htm

The Hard Working American vs. The Government Parasite

http://theeconomiccollapseblog.com

http://governmentparasitesforobama.htm

19 Things That The Talking Heads On Television Are Being Strangely Silent About

http://albertpeia.com/19thingstvtalkingheadsdontsay.htm

Man Knocked Out, Stripped Naked And Robbed Of Everything As Crowd Of Onlookers Laugh Hysterically

http://albertpeia.com/manknockedoutstrippedrobbedascrowdlaughs.htm

MIT Predicts Half of Humanity to Be Culled in Post-Industrial Crash

Aaron Dykes | Only global government can save humanity, researchers claim while echoing MIT/Club of Rome model for collapse by 2030.

10 Things Online Data Collectors Won't Say - They know your online browsing secrets. We reveal their hidden tactics. By TANIA KARAS

http://albertpeia.com/10thingsonlinedatacollectorsdontsay.htm

Militarization of Police in America: Trained by Mossad Press TV | Treating peaceful American protesters like terrorists. { Trained by mossad? How pathetic if true! Oh, yeah, they cheered the firey implosion of the 911 twin towers; not too difficult to figure out why. After all, with america now in their game (that ‘pearl harbor event’ the neocons / military industrial complex, etc., were shootin’ for), it would give them time for their orgies, typical bacchanalia, extravagance, etc., see Victor Ostrovsky - Wikipedia, the free encyclopedia en.wikipedia.org/wiki/Victor_Ostrovsky Jump to By Way of Deception : In 1990, he published By Way of Deception to draw attention to the corruption and shortcomings of the mossad …}

Your Cell Phone Makes You A Prisoner Of A Digital World Where Virtually Anyone Can Hack You And Track You

http://albertpeia.com/cellphoneprisonershackedandtracked.htm

Timeline: Major U.S. school and college shootings http://albertpeia.com/majorsuschoolcollegeshootings.htm

21 Signs That The UK Is Being Transformed Into A Hellish Big Brother Surveillance Society http://albertpeia.com/ukorwellianbigbrosurveillancesoc.htm

US Internet Criminalization Now Pursued at State Level – Conn. Attacked

The Daily Bell | These bills are all about the criminalizing of the Internet. [ Yes, indeed! Consistent with and as set forth infra in this article, my direct experience is that connecticut is just a corrupt nothing state that’s a ‘go along to get along participant’ in the new york/new jersey corruption/mob axis. Virginia is similarly corrupt with government mob a dominant player with a parasitic/symbiotic relationship with mob as well as non-mob aka ‘sometimes politics’; and california is just out to lunch which is consistent with reputation which is reality; though still light years better than, ie., jersey, etc.. On Drudge recently and my comment: Arizona Passes Sweeping Internet Censorship Bill…[ arizona is such a nothing, desert wasteland of a state; with war-mongering, neo-con moribund loser mccain a testament to that fact]... ]

US Internet Criminalization Now Pursued at State Level – Conn. Attacked The Daily Bell
Tuesday, April 3, 2012

ACLU Blasts ‘Electronic Harassment’ Bill; Says It Criminalizes Free Speech … The American Civil Liberties Union of Connecticut is blasting a bill proposed by state prosecutors that would make “electronic harassment” a crime — including such acts as posting information on the Internet that “has the effect of causing substantial embarrassment or humiliation to [a] person within an academic or professional community.” The bill, which comes up for a public hearing by the legislature’s judiciary committee Thursday, “criminalizes speech that is protected by the First Amendment of the Constitution,” said Sandra Staub, legal director for the state ACLU. “It’s vague. It’s overbroad.” For example, Staub said, it contains “no standards for substantially interfering with someone’s academic performance.” – N Hartford Courant

Dominant Social Theme: Now SOPA moves to the states. Good.

Free-Market Analysis: These bills are all about the criminalizing of the Internet. Now that SOPA has been pushed back on the federal front, the action is turning to the states. The idea, in our view, is to whittle away at the Internet bit by bit. Create precedent at the state level and then move in again at the federal level.

The powers-that-be don’t like the Internet or what we call the Internet Reformation that has changed the context of the power debate in the US and throughout the world.

The Internet has exposed the memes of the elite, the dominant social themes that are used to promote world government by scaring people into cooperating with internationalist facilities like the UN.

The powers-that-be are using the same strategies as regards the Internet. They are trying to convince people that a series of organized electrons are as a dangerous as a dark alley on a bad side of town. The Internet needs to be seriously policed and criminalized.

SOPA itself was an attempt at this criminalization. Here’s something from Wikipedia on the bill, which has not passed thus far:

The Stop Online Piracy Act (SOPA) is a United States bill introduced by U.S. Representative Lamar S. Smith (R-TX) to expand the ability of U.S. law enforcement to fight online trafficking in copyrighted intellectual property and counterfeit goods. Provisions include the requesting of court orders to bar advertising networks and payment facilities from conducting business with infringing websites, and search engines from linking to the sites, and court orders requiring Internet service providers to block access to the sites. The law would expand existing criminal laws to include unauthorized streaming of copyrighted content, imposing a maximum penalty of five years in prison. A similar bill in the U.S. Senate is titled the PROTECT IP Act (PIPA).

Whether or not these bills are being written by well-meaning people, they have the result of turning a free-speech arena into a criminally patrolled environment. As a result, communication will suffer and the ability of people to explain to each other the Way the World Works will also degrade. Here’s more from the article excerpted above:

As the bill is written, someone could be charged with electronic harassment — and, theoretically, jailed for up to a year and fined $2,000 because the crime would be a “class A” misdemeanor — if he or she posted information about a person that was true, Staub said. For example, she said, even if a student posted accurate information on Facebook saying that a certain professor had committed misconduct in the past, and that professor found it embarrassing or humiliating, the professor could ask the police to arrest the student.

Civil statutes and long-established case law already deal with allegations of defamation — a person can sue for slander or libel if his or her reputation is damaged by untrue information — and there’s no need to criminalize the issue, Staub said.

The virtue of civil defamation law is that a person cannot be held liable for defamation if the offending statement is true, Staub said, noting that the “electronic harassment” bill, as written, even removes truth as a defense.

Besides, Staub said, in a free society citizens should be able to offer negative opinions that may not even be absolute fact. Students should be allowed to rate the performance of professors, for example, by offering criticisms that they are inept or seem to take their lectures right out of some textbook, Staub said. “We have a constitutional right to annoy, bother, and offend, basically.”

Whatever else the ACLU may be, they have moments when they perform a real service, as in this case. There is nothing on the Internet that needs another law to confront it, as Staub herself notes. “Moreover, there are already criminal laws under which people are arrested for threatening and harassing others, she said. These existing criminal statutes contain well-established standards for what constitutes a crime — such as making statements to a person that cause him or her to fear physical harm.”

Perhaps a key point made in the article is a statement by Staub that the bill, Senate Bill 456, “has emerged seemingly out of nowhere, relatively far into the legislative session … ‘I have no idea why this bill is here.’”

We think we do, though. The US is apparently in the grip of directed history. A small criminal clique has grasped control of the US and is driving the country and the world toward global government. The Internet stands in their way and they will destroy it if they can.

Who knows if the Connecticut bill will go anywhere. It is “overly broad,” to say the least. But its introduction in Connecticut – a fascist mess of a state – is notable.

It does seem, in our humble view, to mark another expansion of the elite’s war against the Internet in the US. Perhaps there are similar initiatives being pursued in other states as well.

Conclusion: They begin at the federal level. That’s the first and simplest option. But now they are likely starting to work their way down to state and even municipal levels if necessary. This is how the dialectic is pursued.

United States of Mass Murder: Only Mao Killed More

Kurt Nimmo | The United States killed more than Stalin and Hitler?

Why Is The Heartland Of America Being Ripped To Shreds By Gigantic Tornadoes That Are Becoming More Frequent And More Powerful?

http://theeconomiccollapseblog.com

http://albertpeia.com/tornadoestothemidsection.htm

Read This First Before You Decide That Preppers Are Crazy

http://theeconomiccollapseblog.com

http://albertpeia.com/preppers.htm

Timeline: Major U.S. school and college shootings http://albertpeia.com/majorsuschoolcollegeshootings.htm

Why Does The Department Of Homeland Security Need 450 MILLION Hollow Point Bullets? http://albertpeia.com/dephomiesecuhollowpoints.htm

Barack Obama: I Have A "Moral Obligation" To Neuter America http://albertpeia.com/bobobamathetraitor.htm

Vaccines And Autism: The Secret That You Are Not Supposed To Know http://albertpeia.com/vaccinesandautism.htm

Lobotomy joe biden (previously had part of his brain surgically removed) Calls For “Global Minimum Tax”

Prison Planet.com | “We want to create (what’s called) a global minimum tax”.

Dem pulled from House floor for Trayvon hoodie

Washington Examiner | Rush was wearing a grey hoodie under his suit jacket. [ Typical nigger in the house of bad black reps. Female members, keep your purses close when ‘bobby bobby r’ is near; the temptation might prove to be too much for his inner nigger soul man. ]

Kids All Over America Are Being Put On Buses And Sent To Alternate Locations During School Terror Drills

http://endoftheamericandream.com

http://kidsterrorizedbyterrordrills.htm

Sarkozy: Prosecute and Imprison Readers of “Extremist” Websites

Kurt Nimmo | French citizens visiting “extremist” websites would be treated same as those who look at child pornography.

[ Little nicky is so pathetic and a testament to how far france has fallen. Former ‘mossady’, this pro-zionist incompetent has really pulled france down, including his affront by ejecting his French wife in favor of the ‘experienced’ italian carla bruni, while midstream in public office no less. Like obama, he sounded like the ‘old biddies’ they are in plaintively expressing their displeasure with the bloodthirsty incompetent war-monger netanayahu (that ‘leave the microphone trick’). How pathetic for the world to have such failed leadership. The problem is, as with Galileo, Copernicus, etc., what if the ‘extremists’ are right? All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.--Arthur Schopenhauer And, who determines what’s extreme? ]

Drudgereport:

Obama gets personal over killing of black Florida teenager...
Urges 'soul-searching'...
More Miami schools stage mass walk-outs...
Gingrich calls Obama's Trayvon comments 'disgraceful'...
Cops: Man threatened to kill police chief at center of case...
Jeb Bush: 'Stand your ground' invalid here...
Miami Heat Players Don Hoodies...
'Dead or Alive' Poster Issued by New Black Panther Party... [ ‘Minority Report’ Division of Pre-Crime, Pre-Cogs say, ‘Dead or Alive – all niggers’ … whatever the outcome in the investigative process, the stark reality is that at least, unlike the niggers committing many more ‘black on white’ violent crimes, Zimmerman (and this is no endorsement – I won’t be looking at this one incident all that closely) was at least trying to do a good thing made necessary by the ever increasing number of brutal crimes committed by the black thugs in neighborhoods across the nation; then there’s somalian pirates, etc.. People domestically and internationally are suffering from nigger-fatigue and are totally niggered out. Oh, yeah, there are some Hollywood types who feel good about themselves having niggers around and helping niggers to help them feel better than they really are, insecure as they are, by being better than at least someone beyond fantasy. Loony george clooney is one. Dreadfully boring and with that monotone, monotonous voice and not that bright, he’s not even able to fake it on screen as an action hero (ie., batman, what a horrific miscast) wimpy pussy in reality that he is; then there’s the ‘black (sean) penn’ who cried like a baby while incarcerated for a couple of days not that long ago. The atheist jolie, so fatherly troubled as she is, has let the equally mentally troubled pitt (she so nutty she makes him feel somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be the closest she’s gotten to her black projects. Let them live anonomously (in disguise) with the niggers for some time for a real close look and then see what’s left of their predisposed love for the nigger. Then there’s the italian scallion, booby deniro; drug addled as his black wife high-tower, what a total embarrassment to Italians everywhere; even as he tried to ingratiate himself recently with niggers everywhere and particularly national embarrassment mammy michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan Africa! ]
'BLACK NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE CONTRARY ] ARE UNDER ATTACK [ SAYS NIGGER SHAKEDOWN ARTIST JACKSON] ' [ Hold on one cotton-pickin’ minute jesse, that’s not what the facts say Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d look just like any other nigger. And, don’t worry about the black vote, failed president wobama the b for b***s*** will get nearly if not all, 100% of the nigger vote! Drudgereport: Farrakhan Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks that would have to be retaliated against based upon the hushed reality of the prevalence of black on white crime? The blacks should be careful what they wish for in playing that game because the facts don’t break in their favor. ] ...

People have become weary of making up excuses for blacks (like obama, holder, etc.). At some point, as now, people should not be timid about relating the cold, unvarnished truth statistically / factually about blacks and, ie., black on white violent crime, etc..

 From Pat Buchanan: As for racism, its ugliest manifestation is in interracial crime, and especially interracial crimes of violence. Is Barack Obama aware that while white criminals choose black victims 3 percent of the time, black criminals choose white victims 45 percent of the time? Is Barack aware that black-on-white rapes are 100 times more common than the reverse, that black-on-white robberies were 139 times as common in the first three years of this decade as the reverse? We have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned out to be hoaxes. But about the epidemic of black assaults on whites that are real, we hear nothing.

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

The reality is that blacks are an insoluble problem wherever they are. That’s not going to ever change; not make-shift/make-work jobs; not programs; not anything tried or to be tried; hence, they must be treated as exactly that – problems – before a solution can be derived and fashioned. ] [ Send the niggers, including niggerbama back to sub-saharan africa! ]

EUROPE RIDICULES OBAMA...
'Maybe copy key got stuck on presidential speechwriter's keyboard'...
REPORT: Corzine Ordered $200M Moved to JPMORGAN Days Before MF GLOBAL Collapse...
...memo contradicts Corzine testimony
LATEST DOCUMENT DUMP: White House was all-hands-on-deck as SOLYNDRA collapse neared...
APPLE Flash Crash: Single Trade Causes 9% Plunge...

APNewsBreak: Marine critical of Obama faces charge [ This one caught my eye. While it is true that good soldiering requires absolute discipline by definition, oaths should be taken seriously, honored, and given effect. That said, burning Qurans was the product I assume of orders reflecting even more than just stupidity; hence, whoever gave the order should pay the piper. If no order, and stupidity as with urinating on the bodies of the dead, can and should the actors be held accountable for such gross stupidity? Absolutely! However, one must be mindful of the reality that marines invariably have ‘skin in the game’ when it comes to consequences of commanders in chief incompetence, unlawful acts, poor judgment particularly as impacted by questionable mental states (arbitrarily taking the last three presidents as illustrative, viz., clinton, bush, obama certainly reflect this reality and concern coupled with the unnecessary murderous results of their actions). There has been a longstanding rebuke of the ‘just following orders’ defense accorded soldiers since particularly the nazi regime as an example. As such, Stein certainly should be lauded for saying what all soldiers should already know; namely, the unlawful detention of americans, among other constitutionally barred activities should not be among those orders they are willing to follow. The proscriptions of posse comitatus should also serve as a guide. This is particularly important given the fragile mental state of americans generally, and america’s leadership especially. No longer is it, if ever it was, true that americans can be trusted to do the right thing. In fact, quite the opposite is true. Wobama is a desperate and incompetent failure as president whose invariable breach of campaign promises is a testament to his unsuitability for the office he currently occupies; and, one can only thank Stein for recognizing what could devolve into a much more serious and devastating scenario for the nation owing to wobama’s ever increasing political desperation. Broadly and generally, murky areas as this, even involving the military, should be resolved in favor of free speech, first amendment guarantees and against censorship. Guest Post: The Ascendence Of Sociopaths In US Governance Durden 3-21-12 How did we get here? An argument can be made that miscalculation, accident, inattention and the like are why things go bad. Those elements do have a role, but it is minor. Potential catastrophe across the board can't be the result of happenstance. When things go wrong on a grand scale, it's not just bad luck or inadvertence. It's because of serious character flaws in one or many – or even all – of the players. So is there a root cause of all the problems I've cited? If we can find it, it may tell us how we personally can best respond to the problems. In this article, I'm going to argue that the US government, in particular, is being overrun by the wrong kind of person. It's a trend that's been in motion for many years but has now reached a point of no return. In other words, a type of moral rot has become so prevalent that it's institutional in nature. There is not going to be, therefore, any serious change in the direction in which the US is headed until a genuine crisis topples the existing order. Until then, the trend will accelerate. The reason is that a certain class of people – sociopaths – are now fully in control of major American institutions. Their beliefs and attitudes are insinuated throughout the economic, political, intellectual and psychological/spiritual fabric of the US.

Obama Administration Tries To Shut Down Rush Limbaugh

Paul Joseph Watson | Media Matters is a White House front group. [ Though a frequent critic of neo-con Limbaugh, I’m against any and all attempts, particularly by desperate wobama et als to shut him down based on what he’s said. ]

https://www.eff.org

"Cybersecurity" Bill Is Broad Enough to Use Against WikiLeaks and The Pirate Bay

The Cyber Intelligence Sharing and Protection Act of 2011, introduced by Rep. Mike Rogers and Rep. Dutch Ruppersberger, allows companies or the government free rein to bypass existing laws in order to monitor communications, filter content, or potentially even shut down access to online services for "cybersecurity purposes." Companies are encouraged to share data with the government and with one another, and the government can share data in return. The idea is to facilitate detection of and defense against a serious cyber threat, but the language is so broad it could be used as a blunt instrument to attack websites like The Pirate Bay or WikiLeaks. Join EFF in calling on Congress to stop the Rogers cybersecurity bill.

Fake YouTube Site Targets Syrian Activists With Malware

EFF has previously reported on two instances of pro-Syrian-government malware targeting Syrian activists through links sent in chats and emails. Now we've seen new Windows malware dropped by a fake YouTube site hosting Syrian opposition videos. The fake YouTube page attacks users in two ways: it requires you to enter your YouTube login credentials in order to leave comments, and it installs malware disguised as an Adobe Flash Player update.

Sunshine Week Wrap-up: The Good, the Bad, and the Ugly

Last week was Sunshine Week, a national celebration of open government and freedom of information. In years past, the Obama administration has been taken to task for reversing early promises on transparency. Has it improved?

Why Are Millions Of Americans Preparing For Doomsday? http://theeconomiccollapseblog.com http://albertpeia.com/preparingfordoomsday.htm

USA #1? 40 Embarrassing Things That America Is The Best In The World At http://endoftheamericandream.com http://albertpeia.com/40badthingsusa#1.htm ‘Is the USA still #1?  Well, there are many things that America is still the best in the world at, but unfortunately a lot of those categories are nothing to be proud of.  Once upon a time the United States was the greatest nation on earth, but now we are a nation that is in a horrific state of decline.  Just consider a few of the embarrassing things that America leads the world in: obesity, crime, divorce, teen pregnancy, child abuse deaths and government debt.  The statistics that you are about to read below are incredibly disturbing.  Most people that write these kinds of articles about the decline of America hate this country.  But that is not the case with me.  I was born and raised in America and I love this nation deeply.  It is time to realize that we will never be able to start fixing our problems until we take a really good look in the mirror and realize just how far we have fallen.  America is not the country that it once was.  America is a complete and total mess and just "tweaking" a few things here and there is not going to return this nation to its former glory.  We have forgotten the things that once made us great, and if we do not return to them we will continue to fall apart as a nation.

With that being said, the following are 40 embarrassing things that America is the best in the world at....

#1 America has the highest incarceration rate and the largest total prison population in the entire world by a good margin.

#2 There are more car thefts in the United States than anywhere else in the world by far.

#3 Of all the major industrialized nations, America is the most obese.  Mexico is #2.

#4 The average American drinks more than 600 sodas a year - the most in the world.

#5 U.S. corporations sell more fast food and more soda than anyone else in the world by a wide margin.

#6 Nobody watches more television per week (28 hours) than Americans do.  Although to be honest, people living in the UK are tied with us.

#7 The United States leads the world in credit card fraud.

#8 The United States has the highest percentage of one person households on the entire planet.

#9 The United States has the highest divorce rate in the world by a good margin.

#10 The United States has the highest teen pregnancy rate in the world by far.

#11 There are more school shootings in America than anywhere else in the world.

#12 The United States has the highest child abuse death rate in the world.

#13 There are more "deaths by reptile" in America than anywhere else in the world.

#14 The United States has the most lawyers per capita in the entire world.

#15 The United States produces more pornography than any other nation in the world.

#16 Americans take more prescription drugs than anyone else in the world.

#17 More is spent on prescription drug advertising in America than anywhere else in the world.

#18 The percentage of women taking antidepressants in America is higher than in any other country in the world.

#19 More people have been diagnosed with mental disorders in America than anywhere else on earth.

#20 The United States has the highest rate of illegal drug use on the entire globe.

#21 There is more credit card debt in America than anywhere else in the world.

#22 There is more mortgage debt in America than anywhere else in the world.

#23 There is more student loan debt in America than anywhere else in the world.

#24 The United States spends more money on government schools than any other nation on earth does.

#25 U.S. citizens spend more time in school than anyone else in the world.  So why are so many of us dumb as a rock?

#26 Nobody in the world gets more plastic surgery done than Americans do.

#27 The United States leads the world in eating disorder deaths.

#28 According to nationmaster.com, the United States has the most total reported crimes in the world by far.

#29 Nobody has more airport security thugs groping women and children than America does.

#30 The United States spends much more on health care as a percentage of GDP than any other nation on the face of the earth.

#31 The United States has the most complicated tax system on the entire planet.

#32 The United States has the most laws on the entire planet.

#33 The United States spends more on the military than the next 12 nations combined, and yet the Obama administration is considering plans to unilaterally slash the size of the U.S. nuclear arsenal by up to 80 percent.

#34 The United States has the most foreign military bases in the world by far.

#35 The United States exports more arms to other countries than anyone else in the world.

#36 Americans spend more time sitting in traffic than anyone else in the world.

#37 Americans spend more money on elections than anyone else does in the world by a very wide margin.

#38 Every single year, the United States has the largest trade deficit in the world by far.

#39 The U.S. government wastes more money than any other government on earth does.

#40 The United States has accumulated the biggest mountain of government debt in the history of the world.

So is the USA #1?

Unfortunately, the answer way too often is yes.

The goal of this list of embarrassing things is not to trash America.

Rather, the goal is to wake Americans up and to get them to realize what has happened to us.

We should be deeply humbled and embarrassed as a nation.  We were once the best in the world and the envy of the entire globe, but now the whole world is laughing at us.

America is supposed to be a beacon of liberty, freedom and prosperity for the entire planet.

Instead, we are rapidly turning into a horror show.

Wake up America.  The condition of our country is absolutely shameful, and every single day it gets even worse.

Please share this list with as many people as you can.  The American people need a massive wake up call, and it is up to those of us that are awake to share the truth while we still can.’

They Love Death http://endoftheamericandream.com http://albertpeia.com/theylovedeath.htm

‘Have you ever known someone that loves death?  When someone truly is in love with death, it can take that person to a very dark place.  Unfortunately, there are a growing number of scientists, politicians and global opinion makers that believe that we must reduce the size of the human population for the good of the planet.  They are convinced that humanity is causing global warming, killing off other species and making this planet unlivable.  In their quest to save the future of the planet, they are becoming bolder and bolder with their calls for population control.  They love death because they believe that it will help save the earth.  They figure that with less humans around, there will be less carbon emissions, less pollution and more room for other species.  So how will this be achieved?  Well, as you will read about in the rest of this article, "after-birth abortions", "mobile euthanasia teams", "sperm-destroying ultrasound technology" and putting contraceptives in the tap water are just some of the ways that are being proposed to reduce current human numbers.  This hatred of life and love of death is being taught in colleges and universities all over the western world, and this population control philosophy is becoming increasingly dominant with each passing year.

I realize that the idea of "mobile euthanasia teams" may sound like something out of a science fiction movie, but the truth is that this is not just a "pie in the sky" concept.

In fact, in the Netherlands six mobile euthanasia teams are now going door-to-door to help elderly patients end their lives in the comfort of their own homes.

The following description of this program comes from a recent article in The Independent....

The project, which has provoked sharp criticism from doctors, is the brainchild of the Dutch largely donor-funded Right to Die NL. It follows the government's 2002 decision to legalise euthanasia, making the Netherlands the first country in the world to do so. Walburg de Jong, a spokeswoman for the organisation said that since the ruling some 3,100 assisted suicides had been carried out annually. The mobile euthanasia teams, she said, operated free of charge and were designed to make it easier for patients enduring interminable suffering to end their lives.

Can you imagine your grandparents getting a visit someday from a mobile euthanasia team?

But it is not just the elderly that are being targeted for death.

Two scientists recently made headlines all over the world when they released a paper calling for the legalization of ''after-birth abortion''.

Alberto Giubilini of Monash University in Melbourne, Australia and Francesca Minerva of the University of Melbourne co-authored an article in the Journal of Medical Ethics entitled "After-birth abortion: why should the baby live?"

In their paper, they argue that a baby is just a "potential person" and that "killing a newborn should be permissible in all the cases where abortion is, including cases where the newborn is not disabled."

Giubilini and Minerva argue that just because a baby is human does not mean that it has any rights.  The follow quote is from their paper....

"Merely being human is not in itself a reason for ascribing someone a right to life. Indeed, many humans are not considered subjects of a right to life: spare embryos where research on embryo stem cells is permitted, fetuses where abortion is permitted, criminals where capital punishment is legal"

Giubilini and Minerva also believe that the "burden" placed on the family and on society by a new baby must be given precedence when it comes to matters of live and death.  The following is another quote from their paper....

"To bring up such children might be an unbearable burden on the family and on society as a whole…On these grounds, the fact that a foetus has the potential to become a person who will have an (at least) acceptable life is no reason for prohibiting abortion."

Giubilini and Minerva insist that "after-birth abortions" would have a lot of advantages.

For example, approximately a third of all babies with Down syndrome are not diagnosed in the womb.  After-birth abortions would take care of that "problem" by allowing mothers to "terminate" those children after they have been born.

Other scientists aren't just concerned about giving the elderly and new mothers more "choices".  Many are now advocating the implementation of strict global measures to reduce the human population for the sake of the environment.

For example, Colorado State University Professor Philip Cafaro recently released a paper entitled "Climate Ethics and Population Policy".  In that paper, Cafaro declared that humans are committing "interspecies genocide" and that therefore it is imperative to reduce our numbers....

"Scientists now speak of humanity’s increased demands and impacts on the globe as ushering in a new geological epoch: the Anthropocene. Such selfish and destructive appropriation of the resources of the Earth can only be described as interspecies genocide."

For Cafaro, simply stopping the growth of the human population on earth is not enough.  He says that in order to prevent "catastrophic global climate change" we are going to have to "significantly" reduce the size of the global population....

"Ending human population growth is almost certainly a necessary (but not sufficient) condition for preventing catastrophic global climate change. Indeed, significantly reducing current human numbers may be necessary in order to do so."

Unfortunately, a love of death is now widespread at U.S. colleges and universities.  For example, Professor of Biology at the University of Texas at Austin Eric R. Pianka once wrote the following....

I do not bear any ill will toward people. However, I am convinced that the world, including all humanity, WOULD clearly be much better off without so many of us.

Population control is something that Bill Gates has been putting a lot of funding into as well.  The following example comes from a recent Natural News article....

Mass vaccination is apparently not the only depopulation strategy being employed by the Bill & Melinda Gates Foundation, as new research funded by the organization has developed a way to deliberately destroy sperm using ultrasound technology. BBC News reports that the Gates Foundation awarded a grant to researchers from the University of North Carolina (UNC) to develop this new method of contraception.

For their study, the UNC team tested ultrasound on lab rats and found that two 15-minute doses "significantly reduced" both sperm counts and sperm integrity. When administered two days apart through warm salt water, ultrasound caused the rats' sperm counts to drop below ten million sperm per milliliter, which is five million less than the "sub-fertile" range, and stay that way for up to six months.

Sadly, it is not just a few scientists and opinion makers that are obsessed with death and population control.

As I have written about previously, the United Nations continues to push Agenda 21 on the entire globe.  The following is how the United Nations defines Agenda 21....

Agenda 21 is a comprehensive plan of action to be taken globally, nationally and locally by organizations of the United Nations System, Governments, and Major Groups in every area in which human impacts on the environment.

The United Nations publishes report after report calling for more "global governance" over the environment.  The following comes from a recent Fox News article....

The report, “21 Issues for the 21st Century,” from the United Nations Environment Program (UNEP) Foresight Process, is the culmination of a two-year deliberative process involving 22 core scientists. It is expected to receive considerable attention in the run-up to the Rio+20 United Nations Conference on Sustainable Development, which will be held in Rio, Brazil, in June.

The scientists who wrote the report say it focuses on identifying emerging issues in the global environment, and that it is not about mandating solutions.

But its critics see an agenda lurking in its 60 pages, which call for a complete overhaul of how the world's food and water are created and distributed -- something the report says is “urgently needed” for the human race to keep feeding and hydrating itself safely.

But it isn't just food and water that the United Nations wants control over.

The truth is that the United Nations is absolutely obsessed with the number of people living on the planet.

In a recent report entitled, "Resilient People, Resilient Planet: A Future Worth Choosing" the UN warned about our "unsustainable lifestyles" and of the disastrous impact of population growth....

But what, then, is to be done if we are to make a real difference for the world’s people and the planet? We must grasp the dimensions of the challenge. We must recognize that the drivers of that challenge include unsustainable lifestyles, production and consumption patterns and the impact of population growth. As the global population grows from 7 billion to almost 9 billion by 2040, and the number of middle-class consumers increases by 3 billion over the next 20 years, the demand for resources will rise exponentially. By 2030, the world will need at least 50 percent more food, 45 percent more energy and 30 percent more water — all at a time when environmental boundaries are throwing up new limits to supply. This is true not least for climate change, which affects all aspects of human and planetary health.

We are constantly being told these days that the problem is that there are "too many people" and that if there are less people things will be better.

Members of the U.S. government are even preaching this philosophy.

Just the other day, Health and Human Services Secretary Kathleen Sebelius was publicly proclaiming that the new requirement that all health insurance plans cover sterilizations and contraceptives will be good for employers and health insurance companies because it will mean less births.  She argued that the savings from less people being born will more than make up for the expense of the sterilizations and the contraceptives.

Sebelius told Congress the following on Thursday....

"The reduction in the number of pregnancies compensates for the cost of contraception"

Other members of the Obama administration are preaching the population control gospel as well.  U.S. Secretary of State Hillary Clinton has even stated that population control will be a "centerpiece" of U.S. foreign policy from now on.

We even find a love of death in the White House.  Barack Obama's top science advisor, John P. Holdren, once wrote the following....

"A program of sterilizing women after their second or third child, despite the relatively greater difficulty of the operation than vasectomy, might be easier to implement than trying to sterilize men.

The development of a long-term sterilizing capsule that could be implanted under the skin and removed when pregnancy is desired opens additional possibilities for coercive fertility control. The capsule could be implanted at puberty and might be removable, with official permission, for a limited number of births."

That quote should send a chill up your bones.

In America today, life is considered to be cheap, and that is especially true if you are "disabled" or "defective" in any way.

At one U.S. hospital, a 3-year-old girl named Amelia was recently denied a kidney transplant because she is considered to be "mentally retarded".

How would you feel if that was your child?

Unfortunately, society continues to move away from the idea that life is inherently valuable and deserves to be preserved.

In fact, many top global opinion makers are openly calling for a dramatic reduction in human numbers.

CNN Founder Ted Turner once said the following....

"A total population of 250-300 million people, a 95% decline from present levels, would be ideal."

For many more shocking quotes about population control from scientists, politicians and top global opinion makers, just check out this article which I published previously.

The world is becoming a very heartless place.

Those at the top look down on the rest of us as if we were vermin that need to be exterminated.

Increasingly, this sick population control agenda is being preached at us in the mainstream media.  For example, just check out what the editorial page editor of The Detroit News says should be done in Michigan....

Since the national attention is on birth control, here's my idea: If we want to fight poverty, reduce violent crime and bring down our embarrassing drop-out rate, we should swap contraceptives for fluoride in Michigan's drinking water.

We've got a baby problem in Michigan. Too many babies are born to immature parents who don't have the skills to raise them, too many are delivered by poor women who can't afford them, and too many are fathered by sorry layabouts who spread their seed like dandelions and then wander away from the consequences.

Michigan's social problems and the huge costs attached to them won't recede until we embrace reproductive responsibility.

He is seriously proposing to put contraceptives into our drinking water?

How can people be so twisted?

Sadly, as I mentioned earlier, this philosophy is being endlessly preached at thousands of colleges and universities all over the world.

The sick adherents of this philosophy love death and are obsessed with controlling the population of the earth.

They are just going to keep pushing their agenda further and further and further.

They truly believe that they must reduce our numbers in order to save the planet.

But in their zeal to "save the earth" they may take all of us to a very, very dark place…’

EFF: In our 600th issue:

UPDATES

MINILINKS

ANNOUNCEMENTS

Hazards of Digital Locks Provisions: Censorship Fears in Canada's C-11 Bill

While copyright owners claim that they need anti-circumvention laws to address copyright infringement, twelve years' experience with the U.S. DMCA provisions demonstrates that overbroad digital locks laws can wreak havoc on lawful, non-infringing activities, stifle free speech and scientific research, and harm innovation and competition. Small wonder that a broad range of groups in Canada have come out against the unforgiving nature of Canada's C-11 Bill, including librarians, content creators, rights advocates and others.

Encrypt the Web: Tell Online Dating Sites to Stop Slovenly Privacy Habits

For many years, EFF has been working to encrypt the Web, pushing websites to adopt better security and providing users with tools to protect themselves. This month, we're looking at online dating sites, which can be particularly negligent in safeguarding the sensitive data of users. Our analysis found these sites failed to implement even basic levels of security, but we were particularly concerned about the negligent security practices we discovered on the free dating site OkCupid. We've contacted the site and asked them to improve, but we could use your help. Send OkCupid an email today asking them to implement HTTPS.

Researchers Use EFF's SSL Observatory To Discover Widespread Cryptographic Vulnerabilities

Using data from EFF's SSL Observatory project, a team of researchers conducted an audit of the public keys used to protect HTTPS. Lenstra's team has discovered tens of thousands of keys that offer effectively no security due to weak random number generation algorithms. The consequences of these vulnerabilities are extremely serious.

EFF Updates

Six Heartbreaking Truths about Online Dating Privacy

Millions of people are using online dating sites to search for love or connection, but users should beware: many online dating sites are taking short cuts in safeguarding the privacy and security of users. Whether it's due to counter-intuitive privacy settings or serious security flaws, users of online dating profiles risk their privacy and security every day. We've put together six sobering facts about online dating services and a few suggestions for routing around the privacy pitfalls.

Comparing Privacy and Security Practices on Online Dating Sites

Concerned about your privacy when you use online dating sites? You should be. We found that the majority of the sites we examined did not take even basic security precautions, leaving users vulnerable to having their personal information exposed or their entire account taken over when using shared networks, such as at coffee shops or libraries.

A Better Path for Apps: Respecting Users and Their Privacy

Earlier this week, a Singapore-based iOS software developer made a startling discovery while working with the popular social-networking app Path: in the course of every new account creation, Path uploads the new user's entire iPhone address book to their servers. The strong user reaction demonstrates that even as norms of sharing evolve online and in the social networking space, users still value their privacy highly.

India's Downward Spiral

The world's biggest democracy is a formidable power in the IT sector. Despite playing such a role -- or perhaps because of it -- India has struggled to strike a balance between its security concerns and online freedom. Though the country's constitution guarantees the right to freedom of expression, the state is given the right to impose "reasonable restrictions ... in the interests of the sovereignty and integrity of India, the security of the State, friendly relations with foreign States, public order, decency or morality, or in relation to contempt of court, defamation, or incitement to an offence."

Iran Ratchets Up Its Internet Censorship

The Iranian government has not openly acknowledged these new measures. However, they are widely thought to be preliminary steps towards a nation-wide Halal Internet that would cut off a majority of citizens from the global web -- replacing it with one that would effectively block all foreign sites, allowing only state-controlled content to be accessed within Iran.

What the RIAA Won't Tell You: Users Matter

The New York Times published a lengthy screed from Cary Sherman, president of the Recording Industry Association of America, complaining about how "Google and Wikipedia" got in the way of efforts to ram through the Internet blacklist bills, never mind the massive collateral damage to Internet security, expression, and innovation those bills would have caused. The op-ed's really unfortunate message is that Hollywood still thinks the way forward is for a few executives to sit down together and make a deal.

miniLinks

The perpetual, invisible window into your Gmail inbox

Since Gmail added OAuth support, an increasing number of startups are asking for a perpetual, silent window into your inbox. While hugely convenient for both developers and users, OAuth may be paving the way for an inevitable privacy meltdown.

Amnesty International: EU urged to reject international anti-counterfeiting pact

Amnesty International urged EU governments not to join the Anti-Counterfeiting Trade Agreement (ACTA), branding it a "Pandora's box" of potential human rights violations.

We are the media, and so are you

In a Washington Post op-ed, Wikipedia founder Jimmy Wales explains that it's users, not corporate interests, who won the SOPA/PIPA fight.

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Back issues of EFFector

Distrusting Government Characterized as Mental Illness by APA

Infowars.com | Authorities are trying to officially designate noncomformity and free thinking as a mental illness. [ Try as they might, it’s doubtful such efforts could succeed, almost by definition alone, without self-destructive complicity on the part of the APA which would by so doing undermine the APA’s credibility, as well as, their substantial progress and achievements in this field. ]

US Warns Iran Not To Fight Back Against israeli Attack Paul Joseph Watson | US warship remains in Strait Of Hormuz amidst simmering tensions. [ Riiiiight! Sounds like a plan! You know, that good advice emanating from pervasively corrupt, defacto bankrupt america. No small wonder that america’s lost credibility globally as well as domestically. Iran has been targeted by the zionists, neo-cons and israelis for quite some time and can and should vigorously defend themselves from the aforesaid agressors. ]

Afghanistan's Soldiers Step Up Killings of Allied Forces New York Times KABUL, Afghanistan [ Yeah … say what you want, but in the last analysis, these are not pro-zionist fools; but rather, rational beings who, despite the propaganda, bribes, and machinations, know who their real enemy is. ] - American and other coalition forces here are being killed in increasing numbers by the very Afghan soldiers they fight alongside and train, in attacks motivated by deep-seated animosity between the supposedly allied forces, ...

Chimp from 1930s US 'Tarzan' films dead at 80 [ Chimpout! Blacks in mourning! ] Cheetah, a chimpanzee said to have performed in the "Tarzan" films of the 1930s, has died at the age of 80, according to the Florida sanctuary where he lived. Did Cheetah from 1930s Tarzan flicks die? A Florida animal sanctuary says Cheetah, the chimpanzee sidekick in the Tarzan movies of the early 1930s, has died at 80. But other accounts call that claim into question.

Pakistan's military rejects Pentagon findings, denies coup plot MiamiHerald.com [Yeah … come on … who’d possibly be foolish enough to believe the u.s. military or any other agency, entity of the u.s., particularly concerning such a nefarious incident. Pervasively corrupt, defacto bankrupt america doesn’t even own up to incidents concerning Americans (ie., Pat Tillman, etc.).

Sneaker Mob Goes On Rampage: The Decline of Western Civilization John Galt | When the collapse happens, your neighborhood becomes a permanent Black Eye Friday.

They Can't Wait, They (blacks) Break Into The Mall...

http://detroit.cbslocal.com/2011/12/23/shoppers-waiting-for-shoe-release-riot-break-into-mall/#comment-96059

PappyHappy

How many used their EBT card??

The following is a MUST SEE for those who perceived themselves as ‘LEADERS OF URBAN AREAS, AND FIXERS OF URBAN PROBLEMS’!

This is a video of Mayor Michael Nutter (Mayor of Philadelphia) speaking at his Church in August 2011. The video is approximately 30 minutes long, but a tutorial that would be most beneficial to leaders, and those wishing to make a positive change. Jump to MINUTE 9 for his salient points.

Makes one wonder where other ‘self professed urban leaders’ have been doesn’t it??

December 23, 2011 at 8:27 pm | Reply | Report comment

Mudholder

I knew we were headed towards ” Idiocracy “, when in 1971 they started teaching “ebonics”. at Lakewood high school.

December 23, 2011 at 10:02 pm | Reply | Report comment

rusty the right wing nut

yeah its were our tax money went statisticaly we paid for some of them shoes bunch of apes they ussed their obama welfare foodstamp and unemploymeny money and probly some money they sold crack for and probly pimped a few ni$$a Bi%%%%S as well for cause dem shoes cause dey tight

December 23, 2011 at 10:37 pm

Michael

Christmas is the birthday of the Son of God. Civilizied Christains worship God, love eachother and seek peace on earth. Animals worship material material goods which will fill a landfill someday. I pity the animals.

December 23, 2011 at 10:48 pm

DIVERSITY IS OUR STRENGTH!

Welcome to our http://www.NewNation.org

December 23, 2011 at 11:21 pm

Allan Sokyra

DIVERSITY IS NOT OUR STRENGTH!
UNITY IS. But that’s not somthing I expect the gimme, gimme, gimme diversity crowd to understand.

December 24, 2011 at 3:22 am

JoeJones

Gimme some of dem Obamabucks man!

December 24, 2011 at 5:34 am

Hal McCombs

Hey “Diversity”? Do you not know the English language?

How can ‘diversity’, the root of which is “to divide”, bring us together?

Are all leftists as stupid as you? (Especially the one calling himself “rusty” pretending to be a ‘right-wing’ redneck.)

December 24, 2011 at 5:53 am

Rita Ippolito

contrast this honest and strong Black leader with the Race hustlers like Sharpton, Jackson.. WE NEED MORE LIKE HIM

December 23, 2011 at 11:13 pm | Reply | Report comment

Jomama

Obama supporters…what do you expect? Uncivilized and immature. Good God, a pair of shoes and the chaos it causes? What about what our leaders are doing to this country and not a care…God help the USA!

December 23, 2011 at 11:34 pm | Reply | Report comment

LA Doc

Man, you ain’t kidding. Freeloading, thieving, ghetto-rats. All of them. Just like the animals in the WH and Congress.

December 23, 2011 at 11:46 pm

bullrider

I haven’t spent a fraction of what those shoes cost for any I’ve bought EVER. Of course, I’m a systems analyst and have to pay every frigging dime of the cost for food, housing, clothing, medical care etc. for myself and my family, and pay huge taxes on my $60K income so others CAN afford to buy those UGLY f-ing shoes.

December 24, 2011 at 12:39 am

Rob Frey

Wow I am appalled at the state of society and just as appalled at the racial tones thrown around in the comments. When i read this i didn’t even equate this to black or white. Although reading more about this most of this was people of color. Don’t get me wrong i am no liberal i just don’t see skin color as a judgement before character. This season there has been a far greater number of stories of blacks in shopping incidents. I am sure the we will do a 10 million dollar study funded by the government. My thought is the social issues are escalating due to the not phasing out of Affirmative action. It had a purpose initially but now there is a segment of society dependent on it along with providing a nanny state. It’s creating a racial divide and an attitude of oh i deserve this it’s taken generations. We now have a nanny state, which is by design to buy votes not to help long term by making us equal in anyway. We have now a group that is dependent and believes they are less than so they need this. This didn’t create equality, it created a monster and now we have a president who is using the divide it has cause as a weapon against whites. The facts are well know there is no evidence that supports this Affirmative action as a long term thing had help our society. We all have to stand on our own sooner or later. Please don’t read into this that i believe all blacks are in this whirlpool hell no. It’s very much becoming a Hispanic issue also, they can sneak into the US and get a free ride on many services. What the hell, i have been brought up if i can’t afford i don’t get it, including times where my cupboard was bare. I don’t go to the state, don’t have kids if you can’t afford them, don’t have sex if you can’t afford protection. Yet we provide food and shelter for people who do nothing for other peoples money distributed by the Government and stolen from the tax payer. We are at a tipping point the number of people on assistance is close to the amount not when that happens we have no chance of turning it around. This mess filled a need and works fine short term, long term dependence take incentive and personal drive away and creates a restless society that is given just enough to get buy and no satisfaction of achievement. This is a colorless problem of entitlements and Affirmative action. Now we are at a point if we change it there is going to be racial and class warfare. Thanks libs, thanks obama for the mastering us of the race card. Sorry about the rant.

December 23, 2011 at 11:45 pm | Reply | Report comment

rusty the right wing nut

liberal Pu$$Y probly voted for HObama

December 23, 2011 at 11:47 pm

Annie

Dont insult the intelligence of smart blacks or caucasions . Affirmative action is a symptom not a cause. This is the face of ghetto culture and this primative behavior exists in every african nation on earth. Stop with the excuses. Every culture has been enslaved and “oppressed”. The mark of a people is how you pick yourself up, rise above and organize your social behavior.This continued infantalization of African American cultures doesn’t do anyone any favors. What exactly is it doing for you? Cui bono?

December 24, 2011 at 12:17 am

bullrider

I’m not a person of color. I must be transparent like window glass.

December 24, 2011 at 12:41 am

Andrew

Gee aren’t you so swell…you are just a such a peach to be so above seeing the politically incorrect but oh so obvious truth. The obvious fact being that 99.5% of urban blacks give the remaining half percent a bad rap. Pull your head out…it ain’t racist if (and it is) the truth. These ‘people’ are an embarrassment to any thinking individual, they are uncivil and are effectively acting as the water in the fuel tank of this once great nation, and you are not helping by denying it. I know you would not hold back if it was a bunch of white trash doing the same.

December 24, 2011 at 12:52 am

Chris

A “gift” tree? Does this mean the Menorah is now a gift candle stick?

December 24, 2011 at 12:48 am | Reply | Report comment

Jessie

This is a black leader NOT Jackson , Sharpton and othe rcriminals. The black community needs to get a grip on the hip hop culture of thugs and do it fast .
Democrat entitlement programs have ruined the black community over the last 3 decades . This is what you wind up with

December 24, 2011 at 1:06 am | Reply | Report comment

GW

Meanwhile across town, the Reverand Al Sharpton held an Occupy Nike event, at which he decried the Nike corp of exploiting the inner city by creating the shoe in the first place “this is obviously a scheme to take from the poor and give to the 1%” “Nike should be ashamed at the way it has made these honor roll students behave”. The crowd supporters behind him chanted “Jordon! Fordon” as the Reverand went on to ask: “why didn’t Nike just give the shoes away to anyone that wanted them? This is an outrage”. Senetor Maxinne Waters promised a full congressional hearing, and the president remarked that the police acted “stupidly.

December 24, 2011 at 4:43 am | Reply | Report comment

hooky

Well, throw a pair of Air Jordans in front of a group of blacks is like throwing raw meat in the lion’s den. What would one expect? Get real!

December 23, 2011 at 8:28 pm | Reply | Report comment

RC

Your confused with food stamps…

December 23, 2011 at 10:39 pm | Reply | Report comment

rusty the right wing nut

what-
im confused f u f a g

December 23, 2011 at 10:46 pm

rusty the right wing nut

no they sell the card or buy food and sell it at a cheaper price cause black chicks tend to have a $hit ton of kids so they have a lot they but theyre broke lazy a$$ boyfriend these so after he impregnates her he can run away faster. Stupid A$$

December 23, 2011 at 10:49 pm

Boston Patriot

@RC: The proper grammatical construction is “you’re” for you are. Thanks

December 23, 2011 at 11:25 pm

Rick O'Shea

I thought I saw Moochelle back in the crowd.

December 23, 2011 at 8:35 pm | Reply | Report comment

Midge Martin

“Good people do not need laws to tell them to act responsibly, while bad people will find a way around the laws.”
- Plato

http://911essentials.com

December 23, 2011 at 8:41 pm | Reply | Report comment

I P Standing

rituals of primitive cultures

December 23, 2011 at 8:42 pm | Reply | Report comment

Bahb

Tell me, please, what in the hell is a “gift tree”? Christmas is 2 days away. Call it what it is – a CHRISTMAS TREE! And for those who think that we should be saying “Happy Holidays” instead of “Merry Christmas”, ‘holiday’ is just a shortened version of “holy day”. Stick that in your pipe and smoke it!

December 23, 2011 at 8:43 pm | Reply | Report comment

rachel

AMEN!

December 23, 2011 at 9:26 pm | Reply | Report comment

Clearhead

You told it like it is Bahbbi boy. We’re proud, proud, proud of you !! Furthermore — PRAISE GOD FROM WHOM ALL BLESSINGS FLOW !!!

December 23, 2011 at 9:52 pm | Reply | Report comment

Tyrone

We be celebrates da Kwanza, not da white man holidays. Kwanza be for da chosen peoples.

December 23, 2011 at 10:11 pm | Reply | Report comment

bullrider

I thought that for Kwanzaa the gifts were more along the lines of candles, baskets, nuts, fruit, and crafts – not overpriced, UGLY shoes.

December 24, 2011 at 12:43 am

Hal McCombs

So a Kwanza tree is made of Air Jordans? Figures.

December 24, 2011 at 5:58 am

YepYep

This is really sad. We should pass a law that black people are not allowed in stores during normal business hours for the sake of safety. What a bunch of animals..

December 23, 2011 at 8:45 pm | Reply | Report comment

Sisao Tresed

Don’t forget these same people have special Christmas Shopping coats for that extra discount.

December 23, 2011 at 10:22 pm | Reply | Report comment

Patriot42

I was taught as a youth to respect all people regardless of their color. I try to understand why these b-la-c-k-s act so hostile and seem to be easily provoked. Am I missing something?

December 23, 2011 at 8:48 pm | Reply | Report comment

lvh

No not you..Not me. I feel as you do.
This is BIG GOV at work.

December 23, 2011 at 9:11 pm | Reply | Report comment

Dave

Yep.

December 23, 2011 at 9:29 pm | Reply | Report comment

Marilyn

It has nothing to do with the color of their skin. This is what liberalism has done to the urban areas. They tell a group of people that they are not capable of providing for their families and that everyone else owes them, and they promise that the government will take care of them. Thus the people barely get by, have too much idle time on their hands, they are unhappy, want the same things as most families but they are dependent on the government, and they have been told their WHOLE LIFE that they are not capable of anything more, and the cycle continues. What liberalism has done to human beings breaks my heart.

December 23, 2011 at 9:58 pm | Reply | Report comment

SAJ

Marilyn,
You have provided an excellent succinct explaination for this type of behavior. However, you have left out the fact that people’s sinful desires push them toward these actions. Because the people of whom we speak have too frequently not faced the consequences of their actions. they are often all too willing to act in very unlawful ways.

December 23, 2011 at 10:34 pm

bullrider

Liberalism and the Democrats have destroyed the black family structure and turned them into a taxpayer-subsidized crop of Dem voters. In 1940 – back before all the civil rights and welfare stuff began – 80% of black children were born into married, two parent families. What is that figure nowadays? 10% maybe? It is sure a small fraction of what it used to be.

December 24, 2011 at 12:45 am

Jessie

This is a black leader NOT Jackson , Sharpton and othe rcriminals. The black community needs to get a grip on the hip hop culture of thugs and do it fast .
Democrat entitlement programs have ruined the black community over the last 3 decades . This is what you wind up with
Spot on reply. Liberal policies have ruined the black community over 3 decades.

December 24, 2011 at 1:08 am

Eric

http://stuffblackpeopledontlike.blogspot.com/2011/12/not-exactly-christmas-shoes-black.html

This doesn’t happen with white people at Apple stores trying to buy the latest iPod.

December 23, 2011 at 8:49 pm | Reply | Report comment

Major Bananorama

To reduce widespread chimpage, store management should have had a large stock of shiney washers, baubles and mango’s to throw out into the pack to keep them amused.

December 23, 2011 at 8:49 pm | Reply | Report comment

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Derrick

I’m black.
I am absolutely disgraced by this.
No wonder white people think we are animals.

December 23, 2011 at 8:55 pm | Reply | Report comment

rachel

Black people are their own worst enemy.

December 23, 2011 at 9:30 pm | Reply | Report comment

kari ju

Derrick we just need to do a lot of work on people’s hearts. we have let cheap politics fill the void where moral teaching should be. We have left all our poorest to the mercies of government and amoral “leaders.” bad move, that.

December 23, 2011 at 9:40 pm | Reply | Report comment

Clearhead

White people don’t think you’re animals, Derrick. All colors of people act like animals sometimes. The ones that ACT like animals are the ones all people should think of as animals. (Apologies to most animals).

December 23, 2011 at 9:57 pm | Reply | Report comment

Darrel

I think 60-70 percent of blacks ARE violent nasty rabid animals. 30-40 percent are human beings and decent. Facts are facts.

December 23, 2011 at 10:13 pm

tward

Derrick: Whites and Blacks have Jesus in common. If both would live up to His standard of loving our neighbors there would be no fights, thefts and no hate. Merry Christmas from a Southern Hillbilly White Boy.

December 23, 2011 at 10:00 pm | Reply | Report comment

rusty the right wing nut

cause u are

December 23, 2011 at 10:39 pm | Reply | Report comment

Jack

Were these the “greedy” 1%? No? I guess “greed” isn’t just a rich thing.

December 23, 2011 at 8:56 pm | Reply | Report comment

NightRider

What do you expect from sub-human animals? The Negroid race has always been and will always be ‘a joke’ and a waste. As a group they cause nothing but continued problems…it has always been this way (read their history) and they always will.

December 23, 2011 at 8:57 pm | Reply | Report comment

Marilyn

You are a ‘joke’ and a waste of time.

December 23, 2011 at 10:00 pm | Reply | Report comment

JimRocky

Actually he is right Marilyn. You just have eyes that refuse to see.

December 24, 2011 at 12:17 am

nwpurpletoo

Tell me again why there are more blacks in prison than whites. I’m just sayin’.

December 23, 2011 at 8:59 pm | Reply | Report comment

Jim H

That’s easy. Blacks are hostile and easily provoked because they feel entitled. Generation after generation teach their kids how to manipulate the system and they are experts at it. Most of them think that society owes them something and that it should provide for them.

Come to think of it if I was black with an IQ like some of those in these videos – I’d be hostile too.

December 23, 2011 at 9:03 pm | Reply | Report comment

BigBoa

Just another chimp-out.

Check out chimpoutdotcom and see if this clip made the cut!

Savage animals……

December 23, 2011 at 9:05 pm | Reply | Report comment

B Guyton

I thought they were running to vote for Obama.

December 23, 2011 at 9:06 pm | Reply | Report comment

Dave

Wait til you see what happens when he loses.

December 23, 2011 at 9:31 pm | Reply | Report comment

enguard

the cream of the black culture on glaring display….we’re already paying reparations considering this level of depravity embedded in our society.
The parents (and there are some among the mob) must be proud.

chimping out as an Olympic sport?…oh wait…basketball

December 23, 2011 at 9:09 pm | Reply | Report comment

Jamex Anderson

I just saw Rise of From The planet of the Apes.

December 23, 2011 at 9:09 pm | Reply | Report comment

B. Guyton

O.K.people this will tell you everything you want to know about this incident.

THIS IS THE REAL STORY, NOT WHITEY”S MADE UP STUFF.

http://therealrevo.com/blog/?p=57506

December 23, 2011 at 9:11 pm | Reply | Report comment

Collector

At what point in society do we finally stop and admit that a certain race of people are different from all other races. A certain race of people are more violent and mean than others. When do we start seperating this group from others for protection of society in general. When a certain race costs everybody more because of their out of control lawlessness, should we make them pay instead of penalizing everybody for the actions of a few. Frankly, I’m tired of my taxes being higher to pay for more police, more prisons, more courts and additional defense attorneys because 12% of the population commits 70% of the crime. Food and clothing costs are higher because of theft, insurance is higher because of carelessness, stealing, vandalizism, drug use and virtually every other commodity and activity is more expensive because one race fails to raise their kids and fails to teach their children to follow and respect the law. It’s unfortunate and sad because there are a few members of this race who do what’s right but they are overshadowed by a large majority who act completely uncivilized. We’ve been allowing this to go on long enough. Something must be done and that doesn’t mean more free handouts or reparations. It’s time they started paying for what they take, use, destroy and what they cost the World.

December 23, 2011 at 9:11 pm | Reply | Report comment

Mustafa

If the Jordan’s fit,,,,,
When these idiots act like a bunch of thugs, it perpetuates the caricature of the black population. Compare New Orleans after Katrina vs Japan after the tsunami’s. Classless vs Class. It be what it be.

December 23, 2011 at 9:48 pm | Reply | Report comment

Bob3

CCW is a good place to start, they lack empathy and impulse control, pain and misery is all the understand be prepared to deliver it.

December 23, 2011 at 10:12 pm | Reply | Report comment

rusty the right wing nut

dont worry everyone knows it even blacks know we all know it even diggers know it there is a race war coming i dont think its right but its just the ways it is wP

December 23, 2011 at 10:43 pm | Reply | Report comment

John Frost

Darwin:” Blacks are not Human but wild african animals……predator animals”
We are dealing with savage beasts….unleashed. Race war is coming I feel it!

December 23, 2011 at 11:27 pm | Reply | Report comment

rusty the right wing nut

i love sickle cell lol

December 23, 2011 at 11:36 pm

rusty the right wing nut

White Power White Power

December 23, 2011 at 11:50 pm

Steve

What a bunch of disgusting savages…enough said.

December 23, 2011 at 9:14 pm | Reply | Report comment

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rachel

Why am I not surprised? What a disgusting bunch of useless thugs. I’m ashamed to call these people countrymen. I call them boils on the backside of America.

December 23, 2011 at 9:25 pm | Reply | Report comment

One-Who-Will-Listen

People of any race are greedy, selfish, and prideful. Why this happens in America, where we have all the resources we need to survive and be well fed, I just don’t understand. What the h-ll is so important about a pair of overpriced shoes? I don’t get it; really, I don’t.

December 23, 2011 at 9:26 pm | Reply | Report comment

kari ju

testify. no way this is a unique black thing.

December 23, 2011 at 9:32 pm | Reply | Report comment

Black Thing

testify. this is a unique black thing.

December 23, 2011 at 10:17 pm

ton

Sorry, it is.

December 23, 2011 at 10:23 pm

Big Papi

Now imagine if there was a huge catastrophe that hit a very widespread area and food and electricity, gas and cash could not be had. You would have this scene times a thousand. Apparently this group of society would cause continued chaos while others tried to manage. Best advice? Have your own food stored, cash on hand, and not only posses firearms but be proficient in their use. It will be a life and death situation that this group of society will only make worse. If you arent scared, you arent living in reality. Get over the “hater” taunts and racist shouts—if they’d do this over fashion sneakers imagine what they’d do to you in a true crisis. The Police cant protect us anymore. Be Prepared but also be armed, irregardless of your political and 2nd amendment views. You will not survive believing that good intentions will save us all.

December 23, 2011 at 9:34 pm | Reply | Report comment

rusty the right wing nut

well said arm the Fu”#$ UP dese nig have gone nuts

December 23, 2011 at 10:55 pm | Reply | Report comment

Jon Baker

Okay, I’m just going to say it, I’ve never been p.c. anyway. What is it about Negroes and sports shoes? I mean really, somebody should study this. Stereotypes come from truth, the problem though is when you say all. Now I know all blacks aren’t like this , obviously any intelligent person knows that but too many are. And I bet the deficit that if you called any of them on it that were involved in this they would call you a racists, and blacks bold enough to speak out self haters. As nasty and far gone as Chicago already is they better be on their knees grateful for Richard M. Daley and Rahm Emanuel on duty now who chose to follow the New York model Because It sure was heading towards being another Detroit. Get out now while you still can.

December 23, 2011 at 9:35 pm | Reply | Report comment

kari ju

cmon guys – the racist stuff is degrading all of us and it is offensive to Mayor Nutter and the good people in that church, none of whom deserve to see that kind of thing in print. They are on our side and they deserve our respect. The riot over shoes is just what you’d expect anywhere that a leftist government panders to a dependent class, telling them they’re entitled. Remember the London riots a few months ago? This kind of thing happens the world over and it is not a black thing per se

December 23, 2011 at 9:36 pm | Reply | Report comment

B. Guyton

Watch the video above that provides a black man’s prospective. It may help you understand why this is happening.

December 23, 2011 at 9:41 pm | Reply | Report comment

b. Guyton

Here is the video. It may help explain the problem from a black man’s prospective. Racist……………maybe?
http://therealrevo.com/blog/?p=57506

December 23, 2011 at 9:47 pm | Reply | Report comment

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Jason, NYC

Animals, all of them, animals…

December 23, 2011 at 9:58 pm | Reply | Report comment

BubbaT

No, not all. But that’s what the Government would like us to believe.

December 23, 2011 at 11:36 pm | Reply | Report comment

Obamanation

I’m suprised they didn’t just steal the shoes. Redistribute the wealth to the lame and lazy parasites of society. Leaches and slugs in $180 shoes.

December 23, 2011 at 10:08 pm | Reply | Report comment

Marilyn

Most of these comments are really horrible. This has NOTHING to do with the race of the people involved. This is what happens with 50 years of liberalism. This is exactly what the democrat party wanted. A segment of society that will ALWAYS vote for them. They have taken a group of people and for generations have told them that the rest of society owes them. They have told this group of people that they are NOT capable of taking care of themselves or their families. They have been pushed through school while learning NOTHING except what party to vote for. When a crime is committed they are often not made to pay for the crime but are given exuses for the crime. What did you democrat voters think would happen? That your stupid policies would work, even though you look back and see 50 years of failure.

December 23, 2011 at 10:10 pm | Reply | Report comment

B. Guyton

From the cotton and rice plantations to the Democrat plantation!!

December 23, 2011 at 10:16 pm | Reply | Report comment

Rita Ippolito

I’m a conservative, not a racist. too many racists here for me but this comment from Guyton … hit the mark…

Blacks will continue to be Democrats no matter what as long as the Democrats promise entitlements and as long as the nuclear Black family is in shambles.

December 23, 2011 at 11:18 pm

New York Nick

You got that right brah……. the dem plantation of fools , where be my handouts!!

December 23, 2011 at 11:21 pm

Joe G

Nothing to do with the race of the people involved? EVERY majority black city in the world is a crime and disease ridden slum. The only logical conclusion is that race is a factor.

December 24, 2011 at 12:30 am | Reply | Report comment

Mike in Grasonville

Just another example of blacks being a blight on society. Far too many of them live off the backs of others, see Section 8 housing, welfare, food stamps, etc. No other group, or should I say ethnic group behaves like this. Check any school systems acheivement scores asnd you will see that blascks are dead last. So, does this surprise anyone? Send them back to Africa, if they’ll have them.

December 23, 2011 at 10:11 pm | Reply | Report comment

jewbag

blacks.

December 23, 2011 at 10:15 pm | Reply | Report comment

Hollywood Hick

When members of the black community see these stories, what are they thinking? Is there any wonder the black community is such a mess? They are the most pandered-to ethnic group on the planet and they are a hopeless disaster.

December 23, 2011 at 10:16 pm | Reply | Report comment

B. Guyton

Hay!! You need nice shoes to walk around the Democrat plantation.

December 23, 2011 at 10:22 pm | Reply | Report comment

Bob13

Oh and don’t forget the chocolate Jesus wants to make these upstanding citizens your neighbors via sec8 housing and the best part is he’s gonna use your “white” taxpayer dollars to do it.

Imagine the joy of waking up one sunny morning to find a house full of these hood rats living next door to you in your soon to be formally pristine neighborhood, and of course and again the best part is that you get to pay for it and the schools that their animalistic spawn will soon ruin, ain’t life grand?

It’s time for weak feeble minded white people to grow a pair and stop this garbage, if someone calls me a racist I laugh, that tired old worn out phrase means nothing, these animals need to clean up their own mess or to their extreme displeasure others will do it for them.

December 23, 2011 at 10:27 pm | Reply | Report comment

RicardoCabeza

The Negros are their own worst enemy they just can’t help themselves. For the most part they have no decency, no discipline and pure gutter trash instinct. I don’t particularly blame them though they have a weak constitution It’s what the welfare, government cheese and hand outs does to them that is the shame here.

December 23, 2011 at 10:29 pm | Reply | Report comment

Larry Sinclair

Dang 1%’ers … cause we know those 99% are so broke they can’t even afford food for the kids and surly don’t have $180.00 laying around .. unless you sell your EBT food for cash …..

December 23, 2011 at 10:34 pm | Reply | Report comment

Steve

If anyone is curious what a product of Socialism looks like, this is it. The Democrat Party presents us with the great society!!

December 23, 2011 at 10:37 pm | Reply | Report comment

Obamas Stash

Black on Black crime .. what’s new? Democrats started Jim Crow Laws,,, Democrats started the KKK, Democrats took away blacks civil rights in 1875 but they cannot figure out why after voting Democrrat 50 yrs they are still as bad off as they were ….

December 23, 2011 at 10:38 pm | Reply | Report comment

ramon

You are 100% right on target.

It amazes me how Blacks vote 85 to 95% Dumbocrat every Presidential election. No matter if it’s Obama, Kerry or any other Dumbocrat!

December 24, 2011 at 3:17 am | Reply | Report comment

Sisao Tresed

This whole mentality was spawned by big government, but every intelligent man must think for himself and act as his own man or woman. Long after this event has passed, the bitter taste of welfare, drugs, booze and abortion on demand, and school systems that affirm lawlessness and immorality in the schools will be alive and well in the black community. An illiterate ebonics-speaking woman named “something-esha” is not gonna be at the top of the resume’ pile. Sadly, so many good black folks get painted with this brush, and it’s unfair. “Feral” blacks understand what they are doing wrong, but they don’t care. They have become uncivilized. Politicians like them because they 1) vote as a single block, 2) are easy to fool, 3) they don’t learn fast, 4)they just want “more stuff” which politicians love to throw at them in speeches, and bellicose repartee; but no action. But again…see #2.

December 23, 2011 at 10:42 pm | Reply | Report comment

Bill Brennan

if the shoe fits…

December 23, 2011 at 10:43 pm | Reply | Report comment

Joe

Now that’s a funny line.

December 24, 2011 at 2:20 am | Reply | Report comment

I guess ignorance is a virtue

People are getting hurt or injured bad because of a pair of stinkin air jordan shoes, ill be damned if i will buy a pair of these shoes that are prob made in China, Yes i said China!! What a bunch of a ..holes …. Ok they have bought the shoes , 6 or 7 months later they will be in the trash , how ignorant and stupid can ppl be ?

December 23, 2011 at 10:47 pm | Reply | Report comment

NowSwimBack

The Civil Rights Act was a great idea, wasn’t it? If they’re not in your neighborhood, they will be soon. Enjoy ‘em.

December 23, 2011 at 10:50 pm | Reply | Report comment

REAL STUPIDITY

REALLY? 180.00 FOR STINKIN SHOES

December 23, 2011 at 10:51 pm | Reply | Report comment

brutesforce

Baby needs a new pair of shoes.

December 23, 2011 at 10:52 pm | Reply | Report comment

rusty the right wing nut

PS F&CK U DEtroit and your pos Lions cause they suck too!!!!!

WE need to bulldoze that big a$$ ghetto down look Like a Fu%% bomb went off in that citty

December 23, 2011 at 10:57 pm | Reply | Report comment

Uncle Remus

Dang freakin’ kneegroes (sic)…… they wouldn’t fight this hard for the last job on earth …unless it was a bank job/heist…

December 23, 2011 at 11:18 pm | Reply | Report comment

Kim Bailey

“Wild savages must be caged and returned to Africa” Said a Mall security guard

December 23, 2011 at 11:23 pm | Reply | Report comment

Richard Jones

Those “shoppers” all look like obamas. Down here in Texas we don’t let obamas get away with that kind of behavior.

December 23, 2011 at 11:46 pm | Reply | Report comment

james

We need to bring back segregation. Blacks are not fit to live in a civilized society. It was obvious then, and it’s obvious now.

December 23, 2011 at 11:52 pm | Reply | Report comment

retired

they just happen to be 99.9% black…. just a frkkin coincidence…

December 23, 2011 at 11:55 pm | Reply | Report comment

Jim Burke

Wow………..

When I first saw the film footage I was away from the monitor and couldn’t hear the audio. I thought it was footage of people scrambling for an airplane food drop in Biafra.

December 24, 2011 at 12:08 am | Reply | Report comment

Jim Burke

Next year require a pay stub for purchase rights.

December 24, 2011 at 12:09 am | Reply | Report comment

ryan

Aren’t these people the 99%?

December 24, 2011 at 12:10 am | Reply | Report comment

Joe G

All blacks in North America need to be either shot or deported. Like Baboons, blacks can’t help acting the way they do. They’re born that way. I just don’t want them roaming the streets in North America. Blacks have made every city in which they are the majority unlivable for white families. White people would be much better off without them.

December 24, 2011 at 12:12 am | Reply | Report comment

William Baranowski

‘gro footsies.

December 24, 2011 at 12:13 am | Reply | Report comment

Joe

These are the same people that will do everything in their power to keep their leader in power. Are these the first of obozos brown shirts?
TAKE BACK AMERICA 2012

December 24, 2011 at 12:20 am | Reply | Report comment

Liberal_Stupidity

When you got a radical leader that is the most negative prez America has experienced it just give permission for eveyone like hime to behave in the exact same way. I hope America is watching and uses thier vote next year to cut the head off the snake in DC

December 24, 2011 at 12:21 am | Reply | Report comment

Joe Blow

Forget about color. These are democrats!

December 24, 2011 at 12:34 am | Reply | Report comment

Cigars Andscotch

Exactly what I had expected. The crimes were committed by a bunch of white soccer moms…….oh, wait a minute

December 24, 2011 at 12:52 am | Reply | Report comment

Jerry Frey

PHILADELPHIA — Mayor Michael A. Nutter, telling marauding black youths “you have damaged your own race,” imposed a tougher curfew Monday in response to the latest “flash mob” — spontaneous groups of teens who attack people at random on the streets of the city’s tourist and fashionable shopping districts.

“Take those God-darn hoodies down, especially in the summer,” Mr. Nutter, the city’s third black mayor, said in an angry lecture aimed at black teens. “Pull your pants up and buy a belt ‘cause no one wants to see your underwear or the crack of your butt.”

“If you walk into somebody’s office with your hair uncombed and a pick in the back, and your shoes untied, and your pants half down, tattoos up and down your arms and on your neck, and you wonder why somebody won’t hire you? They don’t hire you ‘cause you look like you’re crazy,” the mayor said. “You have damaged your own race.”

http://napoleonlive.info/did-you-know/violence-2/

December 24, 2011 at 12:54 am | Reply | Report comment

White people are really "Pink"

Funny how we have all forgotten the fights and brawls that folks with “Pink” skin had over Tickle Me Elmo dolls and few years back at Christmas time. Funny, I don’t recall any Black folks calling them fighting “Pink” skinners names such as “animals”. Is name calling and hate mongering inbred into the “Pink” race???

December 24, 2011 at 1:00 am | Reply | Report comment

Annie

“Pink” people, mostly women tend to pull out each others hairs over bridal discounts like at Filenes annual bridal sale. “Pink” men and soccer moms tend to scream, name call and sometimes just lose it- and society comes down on them hard. Black thugs take out switch blades, stab, shoot and kill others over a $100 pair of sneakers. Even African honey bees have a propensity toward deadly swarming. Face it and act (or DONT act) accordingly.

December 24, 2011 at 1:31 am | Reply | Report comment

RicardoCabeza

The negro continually and always acts in an ignorant manner it is the curse of the colored race the joyful embrace willful ignorance.

December 24, 2011 at 4:34 am | Reply | Report comment

jon

I checked the facts, their were no shootings, breaking into the stores or fighting with police over tickle me Elmo dolls. There also are no people with pink skin.

December 24, 2011 at 5:19 am | Reply | Report comment

Todd P.

And EVERY SINGLE ONE of these simpletons VOTED FOR OBAMA!! (if they voted at all) Time to set a time limit (# of years) on welfare benefits. If you can’t make it by then, it’s time to beg for charity from a relative, friend, or church………

December 24, 2011 at 1:34 am | Reply | Report comment

Chaco

The Japanese go through a Sunami and near nuclear meltdown with less turmoil than these dopes fighting over some stupid ghetto fashion statement.

December 24, 2011 at 1:46 am | Reply | Report comment

sonic

Bet most there were on welfare and WE paid for those ugly sneakers. Ignorant slobs

December 24, 2011 at 1:52 am | Reply | Report comment

Billy Bob

Those shoes would look good on a 250 pound rapper.

December 24, 2011 at 1:59 am | Reply | Report comment

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NavyOne

A Navy guy’s take: http://themellowjihadi.com/2011/12/24/shoeblogging/

December 24, 2011 at 2:16 am | Reply | Report comment

David Rutstein

Terrible, how we have to end Obama’s term and end this free lunch. http://www.beyondquotes.com/marijuana. You can see the result of illegal drugs and welfare.

December 24, 2011 at 2:22 am | Reply | Report comment

Fatima

Lord, save us from people who pepetuate negative stereotypes. Tsk, just too bad people cannot get out of their own way and want to blame others for their poor outcomes in life.

December 24, 2011 at 2:23 am | Reply | Report comment

jon

The people that perpetuate negative stereotypes are blacks themselves. Go to Drudge Report and see that blacks have rioted over these shoes in every major city where this sale has been offered. How many example of the same behavior does it take for you to wake up and smell the java beans?

December 24, 2011 at 5:16 am | Reply | Report comment

Panz

What happened to the Civil Rights leaders and participants? If you look back at photos of those people, their heads were always held high, they knew there was a better America and they were helping to create it.

Then along came the liberal programs, blacks were given handouts and special treatment and this is the outcome. A bunch of animals fighting over ugly shoes. Shoes! sneakers! They aren’t even decent shoes, just sneakers–you’ll wear them untied so they flop around on your feet.

You can’t speak English, merely ghetto slur. You can’t pull up or zip up your pants, you can’t tie your shoes–you’re just not smart enough. And yes, your trashy president encourages this behavior. You’re much easier to manage when you’re just a bunch of animals to be poked and prodded as necessary.

There are African Americans in this country and then there is you. Wake up and look at yourself. All that for a pair of sneakers?? Really stupid.

December 24, 2011 at 2:39 am | Reply | Report comment

Toxic Avenger

It looks like a negro sneaker frenzy.

December 24, 2011 at 2:46 am | Reply | Report comment

Ramon

Well, Well … Obama supporters at their finest! (lol)

December 24, 2011 at 3:07 am | Reply | Report comment

justified

A thinking person asks themselves, “What are you going to DO about it?” Are you going to support the Democratic borne Welfare culture, that led directly to this mess, or are you voting against their candidates by electing viable candidates i.e. GOP candidates.

Not Independents, as on a State or Federal level a vote THIS TIME for an Independent is a vote for the End of America as we know it. The debt piling up will kill us or the Taxes will.

ATTENTION: Blue Dog Democrats, the DNC/Obama has stated ‘YOU are NOT in our Future plans.’

December 24, 2011 at 4:24 am | Reply | Report comment

John McCombs

Michael Jordan and Nike should be held accountible for this atrocity. If gun manufacturers are at fault for gun crimes, then Michael Jordan and Nike should be made to suffer for this chimpout. On a serious note, however, wouldn’t a statement from Michael Jordan go a long, long way toward reducing the violence. If he simply said, “Really folks, are you serious? You’re going to hurt each other over a pair of overpriced basketball shoes?” But no, MJ doesn’t have it in him because as long as there is an extra nickel to be drained from his peeps, he’s perfectly OK with the violence. Well done, Mike. Well done.

December 24, 2011 at 4:29 am | Reply | Report comment

A.K.

NEGRO’S ARE ENORMOUSLY STUPIDLY VIOLENT…IT’S A BRAIN SIZE THING!

December 24, 2011 at 4:48 am | Reply | Report comment

jon

If you went to Drudge you would see the ugly side of blacks is nation wide and not just a local thing. What a shameful culture they have created amongst themselves

December 24, 2011 at 5:13 am | Reply | Report comment

Lordrobot

Illegitimate Baby needs a new pair of shoes….

December 24, 2011 at 5:16 am | Reply | Report comment

Artic Slayer

lol nuttin like obama people tryin to save the food
stamps fo sumpin like this mo impotant huh…
Oh Sorry was I a little racist….

naaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa Just the
facts…

Doubt me? Just correct me and I will call you RACIST! lol

You LOOSERSSSSSSSSSSSSSSSS.

I didn’t vote for obama last time but this time I am
going to vote for him…. I think he is the best thing
for America in recent history… WONDERFUL! 4 more years
and this country will be purged of a corrupt congress and
senate because the people are going to purge every
politician out by civil war…. There will be unrest like
never seen in America. Because now Americans believe that
good is bad and bad is good. Once this country goes even
further to hell in a hand basket there will be a
purging… When Americans can’t say “Merry Christmas”
because good is bad and once they can’t store more than
seven days worth of food because good is bad and once
they can’t own a gun because good is bad….. There will
be a purging of the bad by the good! So lets pull
together and re-elect this person…. OBAMA2012!

December 24, 2011 at 5:43 am | Reply | Report comment

John Scott

lol nuttin like obama people tryin to save the food
stamps fo sumpin like this mo impotant huh…
Oh Sorry was I a little racist….

naaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa Just the
facts…

Doubt me? Just correct me and I will call you RACIST! lol

You LOOSERSSSSSSSSSSSSSSSS.

I didn’t vote for obama last time but this time I am
going to vote for him…. I think he is the best thing
for America in recent history… WONDERFUL! 4 more years
and this country will be purged of a corrupt congress and
senate because the people are going to purge every
politician out by civil war…. There will be unrest like
never seen in America. Because now Americans believe that
good is bad and bad is good. Once this country goes even
further to hell in a hand basket there will be a
purging… When Americans can’t say “Merry Christmas”
because good is bad and once they can’t store more than
seven days worth of food because good is bad and once
they can’t own a gun because good is bad….. There will
be a purging of the bad by the good! So lets pull
together and re-elect this person…. OBAMA2012!

December 24, 2011 at 5:49 am | Reply | Report comment

Steven Travis

What’s the one common denominator in all this????

December 24, 2011 at 5:59 am | Reply | Report comment

Vince

The big question is why isn’t OBAMA speaking out on this issue??? He manages to find time to speak out if a white police officer is ACCUSED of racism when he restrains a black “professor” from breaking into his house. Remember that? Without knowing the facts he JUMPS and gives a speech. But incidents like these teenage hoodlums who rob, beat up, and steal every day he says NOT A WORD about. This is Obamanation. I hope those of you who voted for him are happy now.

December 24, 2011 at 6:06 am | Reply | Report comment

Cisco

Gorillas In The Mist!

December 24, 2011 at 6:25 am | Reply | Report comment

feduptoo

Not so, they take care of their young!

December 24, 2011 at 8:56 am | Reply | Report comment

McGruff

I immediately wondered if my suspicion would be correct … and it was.

December 24, 2011 at 7:21 am | Reply | Report comment

gwbnyc

“under a gift tree”

A GIFT TREE?

Cowards.

December 24, 2011 at 7:46 am | Reply | Report comment

Gustafus21

These are farm animals — who were given human rights — and they behave as farm animals.

Look what Venus Williams has done to tennis? – She threatens to ‘rearrange the face” of a line judge?

They should have been exterminated. Or forced breeding with whites could have produced something more benign like O and family…. but ONLY white genes can influence these vermin

December 24, 2011 at 7:47 am | Reply | Report comment

Barry bin Inhalin

I saw the headline and didn’t even wonder.

December 24, 2011 at 7:55 am | Reply | Report comment

Patrick Nugent

EVERYBODY SING: “We won’t go until we get some, we won’t go until we get some, we won’t go until we get some, so bring it right here!”

December 24, 2011 at 7:59 am | Reply | Report comment

ShoeShine

What’s with these people and shoes???

December 24, 2011 at 8:16 am | Reply | Report comment

Greg

I didn.t see any white people ni the crowd? Only Blacks ??? What a violent group of people, they need to get civilized.

December 24, 2011 at 8:33 am | Reply | Report comment

Mike_in_Kyiv

Pure silliness! No gift is worth this! I remember the Cabbage Patch moms who were fighting to get one of those ugly little dolls a few years back. Now it’s a pair of shoes that are not – REPEST – NOT worth all that money and you all make fools of yourselves. Shame on you on our Lord’s birthday.

December 24, 2011 at 8:44 am | Reply | Report comment

Grape Ape

Rev Al Sharpton’s take on this news: “Da reason fo all deez people running amuck and fightin’ and actin’ unruly is because da white man and society, namely Republicans in da Congress, are gettin’ in the way of President Obama’s plan to hand out more free monies into the minority community. It’s also the blame of rich White communities across America who aren’t willing to spread more of their wealth and make sure it goes into da hands of inner cities and African-American communities. Think about it…if these fine, upstanding customers had more monies at their disposal, they could have paid some illegal aliens to stand in line for them to buy these items which they desperately need and wouldn’t have to get into fights in da first place.”

Rev. Jesse Jackson’s take on this news: “The EVIL corporations run by WHITE men are to blame for this terrible atrocity!! Therefore, with all my graciousness and good-will, I am planning to sue Nike shoes (for not supplying enough sneakers), Michael Jordan’s white lawyer (because I can’t sue a good brother like MJ!), the WHITE mall security who employed brutal tactics against these innocent customers, and last but not least… my Rainbow Coalition will make sure these businesses are not only selling enough items to African-American shoppers but will also ensure that they are hiring enough minorities in their stories. And I will say this, if our investigation turns up that they aren’t, we will take them over and my son Jesse Jr and I will make sure that they are run fairly. Plain and simple. It’s time to put an end to this WHITE tyranny in America once and for all!!!”

December 24, 2011 at 8:48 am | Reply | Report comment

Death of America

Black people are uncivilized savages. They are the only race that needs to be coddled and treated like little babies. It’s not a “white vs. black” thing – NO other race likes blacks. Disgusting beasts who belong in the freaking jungle, period. Thank you LBJ and all you other POS democrats.

December 24, 2011 at 8:44 am | Reply | Report comment

Albert L. Peia

Yes...it's absolutely, unequivocally true that blacks are inherently uncivilized and in evolutionary terms, only evolved to a point ( http://albertpeia.com/anthroindex1.htm ). They are themselves racist, intolerant, hypocritical [ UPDATE: MORE CLAIMS OF RACE BIAS AT HOLDER JUSTICE DEPARTMENT... (WP) ‘ignore cases that involve black defendants and white victims ' ], and prone to violence as with any feral animal. Moreover, I must admit that I find their simian look repulsive; and, even before totally realizing the foregoing reality owing to self-destructive egalitarian propaganda, never did and never would know a black female in the biblical sense (despite their ‘intrusively easy availability’ - not a matter of skin color inasmuch as I have ‘known biblically’ red-Indian, brown-Hispanic, yellow-Oriental women). Wobama the b for b***s*** is a typical, jive-talking 'n-word' and consequently an abject failure as president. I was fortunate to have no blacks whatsoever in my schools (schooling) through high school.

http://www.albertpeia.com

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

MELEE AT MALL OF AMERICA...
Man beaten by robbers -- who stole new Air Jordan sneakers off his feet!...
Hundreds of Teens Run Wild After Rumors That Rappers 'Lil Wayne, Drake Are There...
VIDEO: Mayhem, Screams...
California soldier shot at his homecoming party [ From one war zone to another! ]
Islamists kill dozens in Nigeria Christmas bombs [ Blacks’ black Christmas! Typical! ]
For ‘self-defeating / self-destructive’ ‘political correctness’ or otherwise, I believe the under-profiled black serial killer is also the consequence of their proclivity for and love of killing, random, for no reason other than for the sake of killing (which distinguishes them from and positions them below other feral beasts) and otherwise, and an historic predisposition toward canabalism. After all, the contra-indicated mainstream view (tv and otherwise) calls for a white perp in terms of ‘profile’ which is of course, ridiculous. I believe the under-reporting is owing to multiple killings by blacks being classified as something other than ‘serial’; ie., gang, gang related, ‘typical’, etc.. Moreover, the anti-white bias of the black perps is also a reality that’s under-reported. Take a look at the following brutally uncivilized black on white violent rapes/murders:

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

The following’s just Detroit, MI:

Black Serial/Mass/Spree Killer List:
1. Matthew Emanuel Macon (Murdered and Raped 5 White Women in Lansing)
2. Jimmie Reed (Murdered his wife and his 2 month old daughter and set them on fire)
3. Shelly Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)
4. Justin Blackshere (Stabbed two white cooks at Cheli’s Chili downtown Detroit)
5. Jervon Miguel Coleman (Murdered three people.)
6. Donell Ramon Johnson (Murdered a mother and a daughter)
7. Brian Ranard Davis (6 women known murdered by nigger)
8. Paul Durousseau (Seven women)
9. Mark Goudeau “The Baseline Killer” (Eight women and a man in 2005-2006)
10. Coral Eugene Watts (11 women in Texas & 1 in Michigan)
11. Anthony McKnight (Five girls and young women)
12. Derrick Todd Lee (8 Women)
13. Charles Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15 years!)
14. The Zebra Killings (71 White people)
15. Chester Turner (L.A.s most prolific killer 12 women killed.)
16. Lorenzo J. Gilyard (Kansas City, MO.—13 victims)
17. Eugene Victor Britt (Gary, IN.–3 known murder/rapes.)
18. Reginald and Jonathan Carr (The Wichita Massacre–6 Whites murdered)
19. Ray Joseph Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people in 7 days, including an entire White family.)
20. The Tinley Park Murderer (Suspect hasn’t been found but has been described as black – murdered 5 women in a store.)
21. Henry Louis Wallace (Raped and strangled 5 women to death.)
22. Charles Johnston (Murdered 3 unarmed white men in hospital)
23. Craig Price (Brutally murdered 3 women)
24. Harrison Graham (Brually Murdered 3 women)
25. Charles Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council. )
26. & 27. Darnell Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)
28 &29. John Allen Muhammad & Lee Boyd Malvo (Sniped 11 people from a car in DC, 9 died.)
30. George Russell (3 women, WA state)
31. Timothy W. Spencer (5 killed, Arlington, VA and Richmond, VA)
32. Elton M. Jackson (12 gay men killed, Norfolk, VA area)
33. Carlton Gary (3 killed in Columbus, GA)
34. Mohammed Adam Omar (16 women, Yemen. Omar is Sudanese.)
35. Kendall Francois (8 women, Poughkeepsie, NY and surrounding areas.)
36. Terry A. Blair (8 women, Kansas City area)
37. Wayne Williams (33 many of them children!, Atlanta, GA)
38. Vaughn Greenwood (11 killed in LA)
39. Andre Crawford (10 killed in Chicago – southside)
40. Calvin Jackson (9 killed possibley more in NY)
41. Gregory Klepper (killed 8, Chicago – southside)
42. Alton Coleman (Killed 8 in the Midwest)
43. Harrison Graham (killed 7+ in N. Philadelphia)
44. Cleophus Prince (6 killed in, San Diego
45. Robert Rozier (7 killed in, Miami)
46. Maurice Byrd (killed 20 + in St. Louis)
47. Maury Travis (17 and rising, St. Louis and possibly also Atlanta)
48. Hulon Mitchell, a.k.a. Yahweh Ben Yahweh (killed 20+ in Florida)
49. Lorenzo Fayne (killed 5 children in East St. Louis, IL)
50. Paul Durousseau, (killed 6, two of which were pregnant women, Jacksonville, FL; Georgia.)
51. Eddie Lee Mosley (killed 25 to 30 women, south Florida)
52. Henry Lee Jones (killed 4 in, south Florida; Bartlett, TN)
53. Richard “Babyface” Jameswhite (15 killed in, New York; Georgia.)
54. Donald E. Younge, Jr. (killed 4), East St. Louis, IL; Salt Lake City, UT.
55. Ivan Hill (killed 6 in Los Angeles area).
56. Michael Vernon (Bronx, NY. Killed at least seven people – )
57. Chester Dewayne Turner (12 women killed in, Los Angeles)
ARREST MADE IN LOS ANGELES GRIM SLEEPER SERIAL KILLER CASE July 07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME |By Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested a suspect in the Grim Sleeper serial killer case and will charge him with 10 counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of attempted murder, Capt. Kevin McClure with the Los Angeles Police Department said.Franklin will arraigned in court Thursday morning, McClure said.The California Attorney General's office attributed the arrest to DNA collected from a relative of the suspect, in a controversial and rarely used practice known as familial DNA search.’
Of Course There Are Black Serial Killers by Lynette Holloway on  July 15, 2010 The case of the "Grim Sleeper" inspires a second look at the popular perception that serial killing is the province of clever white men.
Serial Murderers' Row July 16, 2010 The following black men are among the most prolific serial killers in U.S. history. http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus: Behind the myth that only white men commit such crimes.
Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved In Fights At Mall Of America After Rumors That Rappers Are There...

Fox News’ Chris Wallace Has an Anti-Ron Paul Agenda Yahoo! Contributor Network | Andrew Sullivan called for Chris Wallace to recuse himself from the Iowa debate. [ Yes, he should recuse himself; and not just because he’s pro-israeli jewish himself; and we all know how the misguided israeli lobby feels about Ron Paul’s American interests first foreign policy leanings and their excluding him from their sponsored debate. ]

Current Events Summarized In Brilliant Art George Washington 12/16/2011 A picture is worth a thousand words [ View archived file: http://www.albertpeia.com/currenteventsinart.htm ]

Wayne Madsen: Holder’s Fast & Furious was Designed to Destablize Mexican Government Infowars Nightly News | ‘Wayne Madsen has learned from his contacts within the Beltway intelligence community that Jared Lee Loughner is an “MK-ULTRA” programmed assassin and that US District Judge John Roll and Congresswoman Gabriel Giffords were targetted for assassination.The reason for the decision to target Judge Roll and Congresswoman Giffords has to do with their knowledge of the malicious and purposeful arming of Mexican drug gangs along the US-Mexico border by US intelligence agency assets in an effort designed to destablize the Mexican government.This towards the end of making Mexico more dependent on US military aid and protection from its private security contractors.A key quote from Wayne Madsen’s report follows:

“WMR has been told that in 2009, information about the CIA/Homeland Security/Napolitano smuggling operation came to the attention of three individuals, two members of Congress and a federal judge. The three were Arizona Democratic Representatives Giffords, Republican Representative Mike Conaway from west Texas, and Judge Roll. Giffords and Roll were working together on investigating the extent of the clandestine weapons and druigs smuggling operation and held some joint meetings with informants, one in north Phoenix, in 2009.Information on the investigation and informants was strictly limited to only a few trusted staffers and clerks for Giffords and Roll. In addition, Conaway was also being briefed by informants on the smuggling operation but since the death of Roll and the severe mental and physical incapacitation of Giffords from the shooting carried out by Jared Lee Loughner, said to be an MK-ULTRA-like trained assassin, he has gone silent in fear for his own safety.Loughner’s was declared mentally incompetent and there are reports, including one in Slate Magazine, that the U.S. Medical Center for Federal Prisoners in Springfield, Missouri, where Loughner is being held, pending a determination of his mental fitness to stand trial, is being administered psychotropic drugs in his Kool Aid.In addition to receiving drugs to fund its off-the-books operations, the CIA weapons smuggling program is designed to arm the two main Mexican cartels — Sinaloa and Los Zetas — in order to destabilize Mexico.

Cheney: Obama Should Have Attacked Iran to Destroy Drone Kurt Nimmo | Violating Iran’s sovereignty to take out a CIA spy drone is doable for the former vice president. [ War criminal cheney is absolutely, totally, criminally insane. He truly is a psychopath of the ‘new american mold’ and indicative of the decline and fall of the nation just like that of ancient (and even current, for other reasons) rome. He is so pathetic in trying to still be relevant in his criminally insane way! ]

Israel stole weapon-grade uranium from US, report will show Daily Star | Report will show evidence Israel stole weapons-grade uranium from nuclear reprocessing plant in Pennsylvania. Kristin Dailey December 8, 2011 WASHINGTON: A U.S.-based research institute will soon publish what it says is “indisputable” evidence that Israel stole weapons-grade uranium for its still-undeclared atomic weapons program from a nuclear reprocessing plant in western Pennsylvania. The Institute for Research: Middle Eastern Policy (IRmep) will release this month a 300-page report detailing the initial findings of a multi-year research project investigating the disappearance of highly enriched uranium from the Nuclear Materials and Equipment Corporation (Numec) in Apollo, Pennsylvania in the 1950s and 1960s. Grant Smith, the director of IRmep, told The Daily Star that the report would include a broad range of newly declassified and un-redacted government documents from various agencies – including the Department of Energy, Atomic Energy Commission, FBI and CIA – that prove that nuclear material was diverted from Numec to Israel. “The story at this point is that there is no one smoking gun; there are many smoking pistols lying all over the place that we’ve painstakingly collected,” Smith told The Daily Star.’

DHS Shut Down Blog For A Year On False Pretenses Paul Joseph Watson | Homeland Security is seizing websites for “copyright infringement” with no evidence. Paul Joseph Watson Prison Planet.com December 9, 2011

In a chilling illustration of how far Internet censorship has advanced, the Department of Homeland Security seized a popular music blog and shut down the website for over a year on charges it now admits were completely false.

The website in question – www.dajaz1.com – was not some obscure, dubious blog – it was a popular platform for DJ’s that was once featured on MTV.

“Around Thanksgiving 2010, the Department of Homeland Security seized more than 70 domains with no trial, accusing them of copyright infringement,” reports the San Francisco Chronicle.

Dajaz1.com was caught in the dragnet after DHS claimed four songs the website were used without permission, when in fact the musicians and publicists concerned had sent the tracks directly to Dajaz1 with express authorization.

That didn’t stop Homeland Security from seizing and shutting down the blog for over a year, violating the law by refusing to tell its owner why the website was taken and subsequently missing the 90 day deadline for explaining why the owner should forfeit the property permanently.

“Or at least that’s what the owner assumed when he heard nothing. Then the court told him that the government got an extension.”

“But the owner couldn’t see the extension because all the filings in the case were sealed, and was not allowed to testify in court to ask for his property back, says TechDirt.”

The saga finally came to a close when the owner was handed back control of the website only yesterday.

The lesson to take from this is that Homeland Security can now just claim your website contains copyrighted material with no evidence whatsoever and seize it without any recourse.

“This whole thing has been a disgrace by the US government, starting with a bogus seizure, improper and illegal censorship, followed by denial of due process and unnecessary secrecy,” reports TechDirt.

The DHS has already seized dozens of websites merely for linking to copyrighted material, despite the fact that such material isn’t even hosted on the website itself, a process the Electronic Frontier Foundation has criticized as, “Blunt instruments that cause unacceptable collateral damage to free speech rights.”

The targeted website, now finally back in the hands of its rightful owner, has become a poster child for the anti-Internet censorship movement. The front page of the site urges readers to oppose the Protect IP Act, legislation that will give the government even more power to block websites by creating an official blacklist.

As we reported back in October, the bill that has attracted bi-partisan support in the House will force Internet Service Providers to create a list of banned websites and prevent their users from accessing the sites, creating a Chinese-style ‘ban list’ that could easily be abused to silence free speech. Lawmakers like Senator Joe Lieberman have teamed up with Department of Homeland Security officials to push draconian legislation in an effort to mimic the Communist Chinese system of policing the Internet.

“A service provider shall take technically feasible and reasonable measures designed to prevent access by its subscribers located within the United States to the foreign infringing site (or portion thereof) that is subject to the order, including measures designed to prevent the domain name of the foreign infringing site (or portion thereof) from resolving to that domain name’s Internet Protocol address,” states the bill.

Given the fact that the U.S. government is now ordering You Tube to remove videos that contain “government criticism,” the potential for this legislation to be abused to silence political free speech is clear. Add to that the fact that Verisign, the global authority over all .com domain names, is demanding the power to terminate websites deemed “abusive” when ordered to by government without a court order or any kind of oversight whatsoever, and the threat to web freedom is clear.’

Confirmed: ATF Plotted to Use Fast And Furious To Demonize Second Amendment Paul Joseph Watson | “ATF created the problem so they could be the solution to it”.

NBC News Content To Be Provided By Billionaire Obama, MoveOn Donors Steve Watson | Powerful special interests masquerading as partisan media.

Detention Camp Order Follows Preparations For Civil Unrest Paul Joseph Watson | KBR seeks sub-contractors to outfit “emergency environment” centers.

Exclusive: Government Activating FEMA Camps Across U.S. Kurt Nimmo and Alex Jones | Email reveals KBR call for bids to add services to internment camps.

Putin harks back to Cold War 20 years on AFP | [ Come on! Don’t be ridiculous! If this was one isolated incident, well, maybe. But the fact is this is unmistakably global american policy; albeit primative and yes, hearkening back to the cold war years, and conflicts, so longed for by the military industrial complex (and yes, the cia is part of that war mongering, chaos loving/creating nefarious entity – for maintaining/increasing budgets/corporate welfare).] Accusations by Vladimir Putin that the United States is funding poll monitors to spark protests in Russia mark a return to the rhetoric of the Cold War.

Iowa Poll: Only Ron Paul Can Beat Obama Steve Watson | Congressman proves he’s a “big cat” in the fight for GOP nomination. [ This is true! Why? Because ultimately the realization will set in that the other republican candidates are just more of the same, except that they’ll be inclined to give even more breaks to the 1% and military industrial complex (warned against by the great but substantially underrated President General Eisenhower) that got us to this forlorn point! ]

Donald Trump Dismisses Ron Paul as “Joke Candidate” Kurt Nimmo | Millions of Americans support Paul’s call for ending foreign aid. [ Yet it’s trump who is the big joke (which makes america look like a bigger joke)! He’s a caricature at best, and the joke that keeps on giving (SNL, etc.), and a government-protected mobster. ‘When they’re losing, they can afford to be principled’ says corrupt mobster trump regarding the snubbing of his ‘less than moderation’ of an upcoming debate in Iowa by the remaining principled GOP contenders. In reality, it’s actually ‘when you’re winning, you can afford to be principled’. But, in trump’s corrupt, sordid, sinkhole habitat, the former is indeed his truth. If you’re principled, you’re losing in trump’s rather surreal unreality. After all, pervasively corrupt and unprincipled america is indeed losing; and, big-time at that. That trump is a megalomaniac, a narcissist, and, yes … a loser, there is no question. Indeed, anyone who ‘wins’ unfairly (corruption, etc.) at others expense (ie., as does himself, the frauds on wall street, etc.) is a loser. Unfortunately, such modus operandi, including that which is criminal, has been accorded protection and respect in defacto bankrupt america, much like the ‘protected’ (bribes, etc.) common drug dealer (america, see infra), pimp, etc.. Then there’s the endearing (to a dumbed down american public) hype! That cloyingly cutesy ‘the donald’ routine is nauseating; but, that’s the natural, visible concomitant to a nation in ineluctable decline! On a positive note, megalomaniac trump will not be able to retread the path of his role model / idol Adolf Hitler as head of state. He’s really quite a joke when you think about it; and a mentally ill one at that; ask Steve Wynn, he’ll tell you, he’s already said it.

‘Pizza with palin’, ‘town hall of fame with Bachmann’, trump purports to be at least ‘alcohol free’ (the alleged cause – I don’t think so – of mobster trump’s elder brother’s suicide); but is he ‘med-free’? … there must be something to account for his madness (he’s a psychopath who used to play Hitler speeches for inspiration). Ron Paul Slams Trump, Joins Huntsman In Sitting Out ‘Circus-Like’ Debate Business Insider | The reality television star’s participation is “beneath the office of the Presidency.”

Trump to moderate GOP debate This won’t end well. (Washington Post) [ Goes without saying… of all people to choose … Why not Jerry Springer?… ‘Non-celebrity Apprentice’, the new reality show, as in who scratches whose back for favors down the road, as in quid pro quo, as in trump’s continued ‘graduation’ from commonly mob connected, to new york/new jersey politically sordid sinkholes, to now failed washingtonian … ‘establishment’? Hasn’t trump’s rise coincided with the nation’s decline / demise? I’ve seen the corruption first hand! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime  Washington’s Blog / the grim economic reality   [  http://albertpeia.com/grimreality.htm

CRIME STATS(u.s.No.1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv Does regulation really kill jobs? (Washington Post) [ Just those corruption-related ones; those organized crime, as well as disorganized crime jobs for which there’s plenty of ‘quid pro quo’, bribes, etc., to go around. Energy Dept. failed to act as Solyndra sank (WP) [ This stuff is becoming all too typical. I believe it’s time to start questioning what federal employees get paid for. After all, pervasively corrupt america is defacto bankrupt ( America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’ ) . Moreover, america’s pervasive corruption, even crimes, has become synonomous with the machinations of any number of federal agencies / departments / all branches of government (ie., DOJ – holder/fast and furious/race bias UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black defendants and white victims , Fannie / Freddie Mac , SEC destroyed documents, senator says 17 Aug 2011 ‘The Securities and Exchange Commission destroyed documents and compromised enforcement case ... Sen.Grassley “It doesn’t make sense that an agency responsible for investigations would want to get rid of potential evidence…’ Report: SEC lawyer exposed FBI informant (WP) [the sec liar (sic – lawyer) typically with a ‘pre or post’ arrangement, whether implicit or explicit; that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were murdered by mafia / organized crime [ this was documented with authority in ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ] SEC faulted over records shredding The SEC destroyed internal documents that should have been preserved as official federal records, the agency’s inspector general has found. (Washington Post) [ Oh, if it was only that, and only the SEC; and if only they did an incisive investigation of the DOJ. Sheriff: Fast and Furious Bigger Scandal Than Watergate http://www.prisonplanet.com/sheriff-fast-and-furious-bigger-scandal-than-watergate.html Paul Joseph Watson | Over two dozen Republicans call for Holder to resign. Though heavily redacted, the documents directly discuss “Operation Fast and Furious” and how it involves “trafficking firearms to Mexico”. Tuesday, November 1, 2011 . )That’s certainly my experience which comports with reality, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm

Misreading the Fight over Military Detention: The Obama Regime Has No Constitutional Scruples Paul Craig Roberts | The amendment permits indefinite detention of US citizens by the US military.

‘I’m attracted to young people’: Shocking details in scandal of ‘delusional’ Sandusky Mail Online | Penn State paedophile Jerry Sandusky’s rabbit hole goes even deeper and darker than we thought

Iran says oil would go over $250 if exports banned Reuters | Iran warned any move to block its oil exports would more than double crude prices.

D.E.A. Launders Mexican Profits of Drug Cartels NY Times | Undercover American narcotics agents have laundered or smuggled millions of dollars in drug proceeds.

Romney visits former President George H.W. Bush [ How totally pathetic! How desperately pathetic romney the flip-flop is! ]

Woman “imprisoned” on Scientology cruise ship for 12 years { Scientology is such a total fraud, and founded by that fraudster/mental case l ron hubbard. In retrospect, fraud/mental infirmity is as american as ‘apple pie and mother-of-hoods’. } ‘...In an interview with the Australian Broadcasting Corporation's (ABC News) Lateline program, Paris claims that Church of Scientology leader David Miscavige sent her to the ship when she was 18 in order to prevent her family from pulling her out of the organization."I was basically hauled in and told that my mum had attacked the church and that I needed to disconnect from her because she was suppressive," she said. "He decided the ship, and I found out two hours before my plane left, I was woken up in the morning and I was sent to the ship for 'two weeks.' "Paris was born into a Scientology family, but her mother quit the group after her husband committed suicide, blaming Scientology for coercing him out of a self-made personal fortune of more than a million dollars.Instead of the promised two week stay, Paris found herself unable to leave the ship without an official Scientology escort and was often forced into hard labor on the lower levels of the ship for stretches as long as two full days. "It's hot, it's extremely loud, it's smelly, it's not nice. I was sent down there at first for 48 hours straight on almost no sleep and I had to work by myself," she said.So, why didn't Paris simply escape from the ship when it would take port? The Freewinds has a relatively small sailing route, traveling throughout the Caribbean and occasionally docking at small islands."I did not want to be there, I made it clear I did not want to be there and that was considered bad ethics, meaning it was considered not right," she said. "They take your passport when you go on the ship and you're in the middle of an island. So it's a bit hard [to escape] and by that time I was 18, I'd been in Scientology my whole life, it's not like I knew how to escape," she said…’

Ten Years Later, Enron Pales in Comparison

Horses could soon be slaughtered for meat in US Horses could soon be butchered in the U.S. for human consumption after Congress quietly lifted a 5-year-old ban on funding horse meat inspections, and activists say slaughterhouses could be up and running...{ Another ‘bullish’ sign for pervasively corrupt, defacto bankrupt America. ‘Soylent green’ just around the corner? [Things are looking very, very ominous: A good business for a bad economy Firms that keep foreclosed homes clean and secure are flourishing in these tough financial times. (Washington Post) [ See … there you go … great times for the american optimist … who sees an opportunity in every calamity, the rainbow beyond every cloud, the glass half-full, etc.. Whew, close call … and we thought times were tough … and just when we thought everything’s now comin’ up roses, we find out that that ‘glue factory’ we thought was for horses is really a ‘soylent green’ (of the compelling film of the same name) factory. Ah, just kidding; but, the times are getting eerily sordid and desperate and there’ll be no real relief from the onslaught of reality prospectively. It’s really that bad in futuro. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock Foreigners Sell Second Largest Amount Of US Bonds Ever In Past Week, Record $93 Billion In US Paper Sold In Past 2 Months Zero Hedge | Europe, and especially Germany has been just an active seller of sovereign bonds.] }

30 Signs That The United States Of America Is Being Turned Into A Giant Prison The American Dream | If you live in the United States of America, you live in a giant prison where liberty and freedom are slowly being strangled to death. The American Dream Tuesday, November 29, 2011 'If you live in the United States of America, you live in a giant prison where liberty and freedom are slowly being strangled to death.  In this country, the control freaks that run things are obsessed with watching, tracking, monitoring and recording virtually everything that we do.  Nothing is private anymore.  Everything that you do on the Internet is being monitored.  All of your phone calls are being monitored.  In fact, if law enforcement authorities suspect that you have done something wrong, they will use your cell phone microphone to listen to you even when you think your cell phone is turned off.  In many areas of the country, when you get into your car automated license plate readers track you wherever you go, and in many major cities when you are walking on the streets a vast network of security cameras and “smart street lights” are constantly watching you and listening to whatever you say.  The TSA is setting up “internal checkpoints” all over the nation, Homeland Security is encouraging all of us to report any “suspicious activity” that our neighbors are involved in and the federal government is rapidly developing “pre-crime” technology that will flag us as “potential terrorists” if we display any signs of nervousness.  If you are flagged as a “potential terrorist”, the U.S. military can arrest you and detain you for the rest of your life without ever having to charge you with anything.  Yes, the United States of America is rapidly being turned into a “Big Brother” prison grid, and most Americans are happily going along with it. The sad thing is that this used to be “the land of the free and the home of the brave”.So what in the world happened?A fundamental shift in our culture has taken place.  The American people have eagerly given up huge chunks of liberty and freedom in exchange for vague promises of increased security.Our country is now run by total control freaks and paranoia has become standard operating procedure.We were told that the terrorists hate our liberties and our freedoms, and that we needed to fight the terrorists so that we could keep our liberties and our freedoms.But instead, the government keeps taking away all of our liberties and our freedoms.How in the world does that make any sense?Have the terrorists won?As a country, we have moved so far in the direction of communist China, the USSR and Nazi Germany that it is almost impossible to believe.Yes, turning the United States of America into a giant prison may make us all slightly safer, but what kind of life is this?Do we want to be dead while we are still alive?Is this the price that we want to pay in order to feel slightly safer?Where are the millions of Americans that still yearn to breathe free air?America is supposed to be a land teeming with people thirsting for independence.  For example, “Live Free or Die” is supposedly the official motto of the state of New Hampshire.But instead, the motto of most Americans seems to be “live scared and die cowering”.We don’t have to live like this.Yes, bad things are always going to happen.  No amount of security is ever going to be able to keep us 100% safe.We need to remember that a very high price was paid for our liberty and we should not give it up so easily.As one very famous American once said, when we give up liberty for security we deserve neither.

The following are 30 signs that the United States of America is being turned into a giant prison….

#1 A new bill that is going through the U.S. Senate would allow the U.S. military to arrest American citizens and hold them indefinitely without trial.  This new law was recently discussed in an article the website of the New American….

In what may be a tale too bizarre to be believed by millions of Americans, the U.S. Senate appears ready to pass a bill that will designate the entire earth, including the United States and its territories, one all-encompassing “battlefield” in the global “war on terror” and authorize the detention of Americans suspected of terrorist ties indefinitely and without trial or even charges being filed that would necessitate a trial.

U.S. Senator Lindsey Graham is a big supporter of the bill, and he says that it would “basically say in law for the first time that the homeland is part of the battlefield”.

According to the PPJ Gazette, the following are three things that this new law would do….

1)  Explicitly authorize the federal government to indefinitely imprison without charge or trial American citizens and others picked up inside and outside the United States;

(2)  Mandate military detention of some civilians who would otherwise be outside of military control, including civilians picked up within the United States itself; and

(3)  Transfer to the Department of Defense core prosecutorial, investigative, law enforcement, penal, and custodial authority and responsibility now held by the Department of Justice.

#2 U.S. Senator Joe Lieberman is asking Google to install a “terrorist button” on all Blogger.com blogs so that readers can easily flag “terrorist content” for authorities.

#3 Most Americans have no idea how sophisticated the “Big Brother” prison grid has become.  For example, in Washington D.C. the movements of every single car are tracked using automated license plate readers (ALPRs).  The following comes from a recent Washington Post article….

More than 250 cameras in the District and its suburbs scan license plates in real time, helping police pinpoint stolen cars and fleeing killers. But the program quietly has expanded beyond what anyone had imagined even a few years ago.

With virtually no public debate, police agencies have begun storing the information from the cameras, building databases that document the travels of millions of vehicles.

Nowhere is that more prevalent than in the District, which has more than one plate-reader per square mile, the highest concentration in the nation. Police in the Washington suburbs have dozens of them as well, and local agencies plan to add many more in coming months, creating a comprehensive dragnet that will include all the approaches into the District.

#4 In some American schools, RFID chips are now being used to monitor the attendance and movements of children while they are at school.  The following is how one article recently described a program that has just been instituted at a preschool in California….

Upon arriving in the morning, according to the Associated Press, each student at the CCC-George Miller preschool will don a jersey with a stitched in RFID chip. As the kids go about the business of learning, sensors in the school will record their movements, collecting attendance for both classes and meals. Officials from the school have claimed they’re only recording information they’re required to provide while receiving  federal funds for their Headstart program.

#5 Increasingly, incidents of misbehavior at many U.S. schools are being treated as very serious crimes.  For example, when a little girl kissed a little boy at one Florida elementary school recently, it was considered to be a “possible sex crime” and the police were called out.

#6 But what happened to one very young student in Stockton, California earlier this year was even worse….

Earlier this year, a Stockton student was handcuffed with zip ties on his hands and feet, forced to go to the hospital for a psychiatric evaluation and was charged with battery on a police officer. That student was 5 years old.

#7 In the United States today, police are trained to respond to even the smallest crimes with extreme physical force.  For example, one grandfather in Arizona was recently filmed laying unconscious in a pool of his own blood after police rammed his head into the flood inside a Wal-Mart on Black Friday night.  It was thought that he was shoplifting, but it turns out that he says that he was just trying to tuck a video game away so other crazed shoppers would not grab it out of his hands.

#8 Did you know that the government actually sets up fake cell phone towers that can intercept your cell phone calls?  The following is how a recent Wired articledescribed these “stingrays”….

You make a call on your cellphone thinking the only thing standing between you and the recipient of your call is your carrier’s cellphone tower. In fact, that tower your phone is connecting to just might be a boobytrap set up by law enforcement to ensnare your phone signals and maybe even the content of your calls.

So-called stingrays are one of the new high-tech tools that authorities are using to track and identify you. The devices, about the size of a suitcase, spoof a legitimate cellphone tower in order to trick nearby cellphones and other wireless communication devices into connecting to the tower, as they would to a real cellphone tower.

The government maintains that the stingrays don’t violate Fourth Amendment rights, since Americans don’t have a legitimate expectation of privacy for data sent from their mobile phones and other wireless devices to a cell tower.

#9 U.S. border agents are allowed by law to search any laptop being brought into the United States without even needing any reason to do so.

#10 In the United States of America, everyone is a “potential terrorist”.  According to FBI Director Robert Mueller, “homegrown terrorists” represent as big a threat to American national security as al-Qaeda does.

#11 Most Americans are not that concerned about the Patriot Act, but that might change if they understood that the federal government has a “secret interpretation” of what the Patriot Act really means.  U.S. Senator Ron Wyden says that the U.S. government interprets the Patriot Act much more “broadly” than the general public does….

“We’re getting to a gap between what the public thinks the law says and what the American government secretly thinks the law says.”

#12 The FBI is now admittedly recording Internet talk radio programs all over the United States.  The following comes from a recent article by Mark Weaver of WMAL.com….

If you call a radio talk show and get on the air, you might be recorded by the FBI.

The FBI has awarded a $524,927 contract to a Virginia company to record as much radio news and talk programming as it can find on the Internet.

The FBI says it is not playing big brother by policing the airwaves, but rather seeking access to what airs as potential evidence.

#13 The federal government has decided that what you and I share with one another on Facebook and on Twitter could be a threat to national security.  According to a recent Associated Press article, the Department of Homeland Security will soon be “gleaning information from sites such as Twitter and Facebook for law enforcement purposes”.

#14 What you say on your cell phone is never private.  The truth is that that the FBI can demand to see your cell phone data whenever it wants.  In addition, according to CNET News the FBI can remotely activate the microphone on your cell phone and listen to whatever you are saying….

The FBI appears to have begun using a novel form of electronic surveillance in criminal investigations: remotely activating a mobile phone’s microphone and using it to eavesdrop on nearby conversations.

The technique is called a “roving bug,” and was approved by top U.S. Department of Justice officials for use against members of a New York organized crime family who were wary of conventional surveillance techniques such as tailing a suspect or wiretapping him.

#15 In some areas of the country, law enforcement authorities are pulling data out of cell phones for no reason whatsoever.  According to the ACLU, state police in Michigan are now using “extraction devices” to download data from the cell phones of motorists that they pull over.  This is taking place even if the motorists that are pulled over are not accused of doing anything wrong.

The following is how a recent article on CNET News described the capabilities of these “extraction devices”….

The devices, sold by a company called Cellebrite, can download text messages, photos, video, and even GPS data from most brands of cell phones. The handheld machines have various interfaces to work with different models and can even bypass security passwords and access some information.

#16 The federal government has become so paranoid that they have been putting GPS tracking devices on the vehicles of thousands of people that have not even been charged with committing any crimes.  The following is a short excerpt from a recent Wired magazine article about this issue….

The 25-year-old resident of San Jose, California, says he found the first one about three weeks ago on his Volvo SUV while visiting his mother in Modesto, about 80 miles northeast of San Jose. After contacting Wired and allowing a photographer to snap pictures of the device, it was swapped out and replaced with a second tracking device. A witness also reported seeing a strange man looking beneath the vehicle of the young man’s girlfriend while her car was parked at work, suggesting that a tracking device may have been retrieved from her car.

Then things got really weird when police showed up during a Wired interview with the man.

The young man, who asked to be identified only as Greg, is one among an increasing number of U.S. citizens who are finding themselves tracked with the high-tech devices.

The Justice Department has said that law enforcement agents employ GPS as a crime-fighting tool with “great frequency,”and GPS retailers have told Wired that they’ve sold thousands of the devices to the feds.

#17 New high-tech street lights that are being funded by the federal government and that are being installed all over the nation can also be used as surveillance cameras, can be used by the DHS to make “security announcements” and can even be used to record personal conversations.  The following is from a recent article by Paul Joseph Watson for Infowars.com….

Federally-funded high-tech street lights now being installed in American cities are not only set to aid the DHS in making “security announcements” and acting as talking surveillance cameras, they are also capable of “recording conversations,” bringing the potential privacy threat posed by ‘Intellistreets’ to a whole new level.

#18 If you choose to protest in the streets of America today, there is a good chance that you will be brutalized.  All over the United States law enforcement authorities have been spraying pepper spray directly into the faces of unarmed protesters in recent weeks.

#19 In many areas of the United States today, you will be arrested if you do not produce proper identification for the police.  In the old days, “your papers please” was a phrase that was used to use to mock the tyranny of Nazi Germany.  But now all of us are being required to be able to produce “our papers” for law enforcement authorities at any time.  For example, a 21-year-old college student named Samantha Zucker was recently arrested and put in a New York City jail for 36 hours just because she could not produce any identification for police.

#20 According to blogger Alexander Higgins, students in kindergarten and the 1st grade in the state of New Jersey are now required by law to participate “in monthly anti-terrorism drills”.  The following is an excerpt from a letter that he recently received from the school where his child attends….

Each month a school must conduct one fire drill and one security drill which may be a lockdown, bomb threat, evacuation, active shooter, or shelter-in place drill. All schools are now required by law to implement this procedure.

So who in the world ever decided that it would be a good idea for 1st grade students to endure “lockdown” and “active shooter” drills?

To get an idea of what these kinds of drills are like, just check out this video.

#21 With all of the other problems that we are having all over the nation, you would think that authorities would not be too concerned about little kids that are trying to sell cups of lemonade.  But sadly, over the past year police have been sent in to shut down lemonade stands run by children all over the United States.

#22 The federal government has decided to invest a significant amount of time, money and energy raiding organic farms.  The following example comes from Natural News….

It is the latest case of extreme government food tyranny, and one that is sure to have you reeling in anger and disgust. Health department officials recently conducted a raid of Quail Hollow Farm, an organic community supported agriculture (CSA) farm in southern Nevada, during its special “farm to fork” picnic dinner put on for guests — and the agent who arrived on the scene ordered that all the fresh, local produce and pasture-based meat that was intended for the meal be destroyed with bleach.

#23 It is an absolute disgrace that all of us (including grandmothers and young children) must either go through body scanners that reveal the intimate details of our naked bodies or endure “enhanced pat-downs” during which our genitals will be touched before we are allowed to get on an airplane.

It is also an absolute disgrace that the American people are putting up with this.

#24 Invasive TSA security techniques are not just for airports anymore.  Now, TSA “VIPR teams” are actively conducting random inspections at bus stations and on interstate highways all over the United States.  For example, the following comes from a local news report down in Tennessee….

You’re probably used to seeing TSA’s signature blue uniforms at the airport, but now agents are hitting the interstates to fight terrorism with Visible Intermodal Prevention and Response (VIPR).

“Where is a terrorist more apt to be found? Not these days on an airplane more likely on the interstate,” said Tennessee Department of Safety & Homeland Security Commissioner Bill Gibbons.

Tuesday Tennessee was first to deploy VIPR simultaneously at five weigh stations and two bus stations across the state.

TSA “VIPR teams” now conduct approximately 8,000 “unannounced security screenings” a year at subway stations, bus terminals, ports and highway rest stops.

#25 More than a million hotel television sets all over America are now broadcasting propaganda messages from the Department of Homeland Security promoting the “See Something, Say Something” campaign.  In essence, the federal government wants all of us to become “informants” and to start spying on one another constantly.  The following comes from an article posted by USA Today….

Starting today, the welcome screens on 1.2 million hotel television sets in Marriott, Hilton, Sheraton, Holiday Inn and other hotels in the USA will show a short public service announcement from DHS. The 15-second spot encourages viewers to be vigilant and call law enforcement if they witness something suspicious during their travels.

#26 Certain “types” of American citizens are being labeled as potential threats in official U.S. government documents.  An unclassified Department of Homeland Security report published a couple years ago entitled “Right-wing Extremism: Current Economic and Political Climate Fueling Resurgence in Radicalization and Recruitment” claims that a belief in Bible prophecy “could motivate extremist individuals and groups to stockpile food, ammunition and weapons.”  The report goes on to state that such people are potentially dangerous.

#27 Back on February 20, 2009, the State of Missouri issued a report entitled “MIAC Strategic Report: The Modern Militia Movement“.  That report warned that the following types of people may be potential terrorists….

*anti-abortion activists

*those that are against illegal immigration

*those that consider “the New World Order” to be a threat

*those that have a negative view of the United Nations

#28 As I have written about previously, a very disturbing document that Oath Keepers has obtained shows that the FBI is now instructing store owners to report many new forms of “suspicious activity” to them.  According to the document, “suspicious activity” now includes the following….

*paying with cash

*missing a hand or fingers

*”strange odors”

*making “extreme religious statements”

*”radical theology”

*purchasing weatherproofed ammunition or match containers

*purchasing meals ready to eat

*purchasing night vision devices, night flashlights or gas masks

Do any of those “signs of suspicious activity” apply to you?

#29 Soon you may get labeled as a “potential terrorist” if you are just feeling a little nervous.  A new “pre-crime” technology system that is currently being tested by the U.S. Department of Homeland Security will soon be in use all over the nation.  It is called “Future Attribute Screening Technology” (FAST), and it is very frightening.  The following description of this new program comes from an articlein the London Telegraph….

Using cameras and sensors the “pre-crime” system measures and tracks changes in a person’s body movements, the pitch of their voice and the rhythm of their speech.

It also monitors breathing patterns, eye movements, blink rate and alterations in body heat, which are used to assess an individual’s likelihood to commit a crime.

The Future Attribute Screening Technology (FAST) programme is already being tested on a group of government employees who volunteered to act as guinea pigs.

#30 The truth is that nobody puts more people into prison than America does.  The United States has the highest incarceration rate in the world and the largest total prison population on the entire globe.

To read about some of the crazy things that the control freaks running things have planned for the future, just check out this article by Natural News: “10 outlandish things the ‘scientific’ controllers have in mind for you in the near future“.

Once again, despite all of this outrageous “security”, it is inevitable that a lot of really bad things are going to happen in the United States in the years ahead.

When there are incidents of violence, it is also inevitable that there will be calls for even more “Big Brother” security measures.

We are going to be caught in a never ending spiral of tyranny where the “solution” is always even tighter security.

Eventually, we will have lost all of our liberties and freedoms, and we will probably be even less safe than we are today.

Do not be deceived.  We could put a soldier on every corner, a video camera in every room of every home and an RFID chip in every citizen but that would not make us “safe”.

Every single lawmaker that is backing these laws which strip our liberties and freedoms away deserves to be voted out of office.

If you love the United States of America, please stand up and say something while you still can.

Please use this article and other articles like it as tools.  Share them with your friends and your family.  If we can get enough people to wake up, perhaps there is still enough time to turn the direction of this country around.

Will the final chapters of the history of the United States of America be mentioned in the same breath as communist China, the USSR and Nazi Germany, or will the final chapters of the history of the United States of America be the greatest chapters of all?

The choice, America, is up to you.’

Fayyad Says Israel Must Stop Withholding Palestinian Revenue [ The match made in hell … americans / israelis are just common thieves / criminals. ]BusinessWeek Nov. 24 (Bloomberg) -- Palestinian Authority Prime Minister Salam Fayyad said Israel must stop withholding tax and customs payments that it collects for the Palestinians and which account for two-thirds of the organization's revenue.

Exclusive: CIA Spies Caught, Fear Execution in Middle East [Well, if there was ever anyone deserving of execution, particularly in the middle east, it’s cia spies.]

First Lady booed at NASCAR race [Never a previous fan (that round and round and round– but I do like the flats in horse-racing - Go Big Red {‘Secretariat’, a terrific film} ), I think I’m going to change my mind in light of the fans’ display of good taste!]

Pentagon chief calls India, China ‘threats’ AFP | US Defense Secretary Leon Panetta referred to India and China as “threats” on Thursday. [ Oh riiiiight! Anything or anybody that’s not an incompetent, brainless automaton is a ‘threat’ to the u.s. because in projecting america’s insanity, America sees them deviantly sitting around plotting ways to wreak havoc and war in the world for the sake of maintaining their wasteful, nation-draining budgets. What isn’t ‘a threat’ to these mental cases. Certainly the truth is a threat to incompetent dog panetta, yet it is he and his who are the threat to this nation and the world. ]

Penn State Scandal: Mother of Sandusky's Adopted Son Speaks Out By KEVIN DOLAK | Good Morning America http://gma.yahoo.com/penn-state-scandal-mother-sanduskys-adopted-son-speaks-091457912.html

The birth mother of Jerry Sandusky's youngest adopted child has come forward saying she believes the former Penn State coach led her son on a path of self-destruction and that she contacted authorities years ago about her son's safety.

Debra Long told ABC News in an exclusive interview that sharing her now 33-year-old son Matt with Sandusky had been a nightmare after the coach became the boy's guardian via foster care in 1995. Long says that she watched as her child became enamored with the local hero and then increasingly frightened by Sandusky's behavior.

"It was Jerry Sandusky, you know? Any 10-year-old kid is gonna be impressed by Penn State football," Long said. "And then it was the gifts. You know, money and clothing and whatever … It was as if Jerry owned Matthew."

Sandusky entered the lives of the Longs as a mentor when Matt was 10 years old, via The Second Mile charity for at-risk youth, which the former Penn State defensive coordinator founded. When Matt was placed in juvenile hall after he set fire to a barn in 1995, he soon entered the Sandusky home as a foster child. He was adopted by Sandusky as an adult at age 18.

Matt Sandusky, now 33, is not named as one of the 10 victims in the grand jury presentment outlining the charges against the coach. He insists he was not abused by his foster father.

But Debra Long says that the once-welcome Sandusky soon became a source of fear for her son, as he would take the boy out of school when he was 15 years old, unbeknownst to her.

"My son was afraid of Jerry. If Jerry said don't talk, he didn't talk. I would sit back and watch when Jerry would show up, how excited Matt was," she said. "And then, as time went on, I would watch the same kid hide behind the bedroom door and say, 'Mom, tell him I'm not home.'"

Long believes that exposure to Sandusky was what made her once-quiet son lash out, and eventually fall into the coach's hands.

"It wasn't until Jerry came into the picture that Matt started acting out in school. Matt ended up burning down a barn with another youth, you know -- it wasn't until Jerry came into the picture … that mentor turned him from the quiet, good kid into -- what Jerry could use to take him."

Four months after moving into the Sandusky's home Matt attempted suicide, along with another girl who was staying in the house, according to a report in the Patriot-News. After the suicide attempt, Terry L. Trude, a school-based probation officer, wrote a letter to a local judge asking that Matt's care at the Sandusky home be reviewed.

"The probation department has some serious concerns about the juvenile's safety and his current progress in placement with the Sandusky family," Trude wrote.

The adoption file for Matt Sandusky contains letters from Long to officials and a Centre County judge expressing concern for her son, who she was allowed to visit only one-half day per month while he was in Sandusky's care.

Matt Sandusky – who is one of five boys adopted by Sandusky and his wife -- still supports Jerry after he was arrested on charges of 40 counts of sexual assault with 10 minor boys over 15 years. Matt even brought his children to visit Sandusky after his Nov. 5 arrest.

But the mother of Matt's kids immediately went to court to obtain an order preventing Sandusky from being alone with her children. By court order Sandusky is now not allowed unsupervised contact or overnight visits with his grandchildren.

Alleged Victims Ready for Court

In the aftermath of Jerry Sandusky's unexpected interview on "Rock Center" with Bob Costas on Monday night, a number of witnesses are now ready and willing to testify in court that they were sexually assaulted by the coach.

A second boy has said that he is now ready to testify in court, according to Harrisburg attorney Ben Andreozzi, who is representing the boy. According to Andreozzi , the alleged victim called him after Sandusky gave the controversial interview on Monday.

"He has decided to dig in his heels. He's not going anywhere. He fully intends to testify," Andreozzi said.

In a statement issued Wednesday, Andreozzi said Sandusky "elected to re-victimize these young men at a time when they should be healing," and said his client was "disappointed" by Sandusky's comments.

"I think he would like Mr. Sandusky to assume responsibility for the horrible acts he committed on him," Andreozzi said.

Another boy known to be planning to testify is one known as "Victim 1" in the indictment; he is the boy who first came forward to authorities to allege abuse at the hands of Sandusky. The boy has already told his story to the grand jury and is anxious to tell it again in open court, according to his mother.

"He wants him to go to jail, and he wants him to pay for what he's done, and he doesn't want him on the streets where he can hurt somebody else," the unnamed boy's mother told ABC News.

Meanwhile, The Patriot-News reports that hearing Sandusky's interview broadcast on national television Monday has triggered more of the coach's alleged victims to come forward.

"They're literally processing it right in front of us," attorney Andy Shubin told the Patriot-News. "They have kept it from their families, moms, brothers and sisters ... The folks we talked to are largely folks in their 20s, who in a lot of cases have never told their story before."

Shubin has reportedly teamed up with Andreozzi, and along with a team of psychologists and social workers they plan to aid the alleged victims by providing seeking mental help and possible legal recourse. ‘

How to Protect Ourselves from Radiation : George Washington : 11/16/2011 - Self-Help: How to Protect Ourselves Against Damage from Radiation

Penn State coach says he stopped shower assault... ‘…McQueary was placed on administrative leave last week after Penn State officials said he had received threats.According to the grand jury report, the graduate assistant said he saw a boy, whose age he estimated at 10 years old, "being subjected to anal intercourse" by a naked Sandusky in a shower at the Penn State football building in March 2002. The graduate assistant left "immediately," was "distraught" and called his father, according to the presentment. His father told him to leave the building and come to his home, according to the presentment.In the email obtained by The Morning Call, dated Nov. 8, McQueary said "I did stop it, not physically, but made sure it was stopped when I left that locker room.""No one can imagine my thoughts or wants to be in my shoes for those 30-45 seconds," McQueary wrote. "Trust me."Asked about McQueary's statement in the email that he had discussions with police, Penn State police told The Morning Call they were deferring to the university public relations office, which did not return a call Tuesday afternoon. Pennsylvania State Police in Harrisburg, which is heading the investigation, did not return a call.McQueary has not spoken publicly and declined to be interviewed by The Morning Call…’

Ron Paul Only Republican Candidate Not Calling for Iran Attack Kurt Nimmo | Said president must follow the Constitution and go to Congress before any action against Iran. [ Actually, the correct position is for all nations to require israel’s compliance with and adherence to all applicable laws and treaties, as well as u.n. resolutions concerning israel’s illegal nukes and war crimes as well as violations of the aforementioned before addressing the rationally defensive posture of Iran in light thereof. ]

Ron Paul Gets 89 Seconds To Speak In CBS Debate Paul Joseph Watson | Leaked email to Bachmann campaign indicates decision to limit air time for certain candidates was deliberate CBS News policy. [ It’s really quite amazing that retreads, such as the already failed, scandal-ridden slimy newt gingrich (much of america’s current failure had it’s genesis in policies initiated / supported by gingrich; ie., protection from RICO liability for the frauds on wall street, etc.) based on his mere adherence to that which is required of the ‘israeli amen corner’ on capital hill (as pointed out by the perspicacious Pat Buchanan), despite bringing america down thereby, is the shibboleth by which all candidates are being measured. Quite amazingly self-defeating, destructive, and self-destructive for america particularly and the world generally. That’s why cbs is cbs (for cb***s***). Given america’s intractable decline, it’s really quite amazing. But, as we’ve seen, pervasively corrupt, defacto bankrupt america is now fatally beyond shame. Nothing succeeds quite like failure in america; where crime pays and pays well. ]

Putin attacks Britain and US for ‘violating Libya resolution’ London Independent | “A complete scandal and a complete affront to the international community”.

Why World War III: Destroy The Global Economy, Create A Greater Israel Saman Mohammadi | [ This really would be quite incredible if it wasn’t so credibly true. That these nations have and would self-destructively sacrifice themselves for greater ‘zion/israel’, particularly in light of israel’s war crimes/crimes/illegal nuclear proliferation/international law violations, complete disavowal of all Christianity stands for, and anti-Arab/Muslim provocateur/nemesis is a ‘non-mystery mystery’ that will forever haunt the annals of a doomed future and then history. ] There is a mistaken belief held by many people that the U.S. government won’t attack Iran or allow Israel to attack.


Law professor says sympathy for American troops is not ‘rational’

Defense chief warns on Iran strike consequences Reuters | Military action against Iran could have “unintended consequences” in the region.

Putin defends bid for president [ Let me add my voice to his own in defending Putin’s bid for the Russian Presidency! Another time, another place, maybe, just maybe, such criticism might, just might be at the most, okay, even if unwarranted. Yet, in this global worst of times scenario, Russia and the world need a strong leader to ‘push back’ the irrationality and desperate ‘misadventurism’ (wars, contrived conflict, raping, pillaging, and plundering by war crimes nations america/israel along with the foolishly complicit, self-destructively pliant european bobbleheads, et als.) and continue the rationality and strength that has always seen the great nation of Russia through the hardest of times. From a purely Russian perspective, the Russian people must ask themselves who is the Russian leader pervasively corrupt, defacto bankrupt, fallen, desperate war crimes nation in intractable decline america/israel would least be inclined to want to see in office (don’t forget former ‘american partners’ sadam hussein, momar ghadafi, etc.). The question answers itself. Rationality will indeed prevail in the great nation state of Russia. Congratulations President Putin! ]

Americans Are Now Living In a Society That Rivals Orwell’s 1984 Paul Joseph Watson & Alex Jones | Winston Smith’s Oceania has nothing on 2011 America.

TRUTHFUL TRASH TALK (ABOUT ISRAELI TRASH) BEHIND ISRAELI LEADER'S BACK Report: Sarkozy calls Netanyahu 'liar' Microphones accidently left on after G20 meeting pick up private conversation between US, French presidents. Sarkozy admits he 'can't stand' Israeli premier. Obama: You're fed up with him? I have to deal with him every day!

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Arret sur Images (Screenshot) 

The conversation then drifted to Netanyahu, at which time Sarkozy declared: "I cannot stand him. He is a liar." According to the report, Obama replied: "You're fed up with him, but I have to deal with him every day!" The remark was naturally meant to be said in confidence, but the two leaders' microphones were accidently left on, making the would-be private comment embarrassingly public. The communication faux pas went unnoticed for several minutes, during which the conversation between the two heads of state – which quickly reverted to other matters – was all but open to members the press, who were still in possession of headsets provided by the Elysée for the sake of simultaneous translation during the G20 press conference."By the time the (media) services at the Elysée realize it, it was on for at least three minutes," one journalist told the website. Still, he said that reporters "did not have a chance to take advantage of this fluke."The surprising lack of coverage may be explained by a report alleging that reporters present at the event were requested to sign an agreement to keep mum on the subject of the embarrassing comments. A member of the media confirmed Monday that "there were discussions between journalists and they agreed not to publish the comments due to the sensitivity of the issue." He added that while it was annoying to have to refrain from publishing the information, the journalists are subject to precise rules of conduct.’

No smoking gun: IAEA Iranian nuclear report falls flat on its face Patrick Henningsen | The IAEA report has come up short, but the Axis powers are still desperate to hit Iran

Fourth accuser urges Herman Cain to ‘come clean’ about harassment - A fourth woman has accused Republican presidential candidate Herman Cain of sexual harassment--this time in public. Sharon Bialek told reporters in a press conference Monday that Cain groped her and e...

Obama was playing golf until 20 minutes before Navy SEALs began mission to take out Bin Laden UK Daily Mail | Stayed out on golf course to distance himself if it went wrong, book claims.

Extreme Poverty Is Now At Record Levels The Economic Collapse | According to the U.S. Census Bureau, a higher percentage of Americans is living in extreme poverty than they have ever measured before.

10 Reasons America Will Be Judged as the Most Brutal Empire in History Activist Post | Good and evil doesn’t have a grey zone. Activist Post November 7, 2011

Good and evil doesn’t have a grey zone.  Killing and stealing is bad.  Violence is never “good” or necessary unless it is used to defend against killers and thieves. Indeed, that is the morality behind the “just war” principle as defined by international laws and treaties.

Yet, this simple concept of right and wrong gets muddled by differing ideas about religion, patriotism, economics and many other divisions.  The “just war” rule has crumbled under the ambitions of empires throughout history.  The American-led Anglo Saxon empire is no different.

This empire has been brutally conquering and colonizing territory since the fall of Rome.  However, it has only gained an American face in the last century.  The United States quickly emerged as the world’s “superpower” primarily through its economic might.  For some time, many believed the U.S. to be a shining example of economic freedom for other nations to emulate.  Indeed, America was eager to promote “economic freedom” globally to open new markets for U.S.-based corporations.

When foreign leaders refused to allow these corporate interests into their country, those leaders were replaced through a variety of covert actions.  The form of government that would be installed did not matter to the empire makers so long as the corporate interests were served.  In most cases these nations simply surrendered to the seemingly unlimited power of the almighty dollar, thus camouflaging the traditional method of forceful empire building.

However, some nations, especially in the last two decades, remained stubborn and have refused to alter their banking systems while also shunning Western companies.  Despite the empire’s best efforts to diplomatically bribe or sanction them into submission, they ultimately required an iron military fist to force their compliance.  Until recently, military action remained the last resort.  But now, preemptive military action seems to have become the preferred, and perhaps necessary, method to conquer the last resource-rich nations out of their grasp.

The empire’s populations cheered this strategy out of fear of being attacked by these rogue nations who never attacked or even threatened to attack them.  In the fog of fear, killing and stealing became acceptable. In fact, detention without charges and even torture became acceptable in the former capital of freedom. America has determined that the means justifies the end — which is more power.

As with all empires, these “means” have become increasingly violent and destructive in the face of resistance.  Yet, only a few more dominoes are left to knock over for America to complete a plan set in motion well before they were one of the colonies.  That is unless, of course, other world powers break ranks and attempt to stop the conquerors, which could lead to a large scale conflict.

Regardless, when the dust settles and moral history is written, America and her Western cohorts will likely be viewed as the most brutal empire in history.  Here are ten reasons why this is already the case:

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#1. Support of Dictators: For all the happy talk of spreading Democracy and protecting human rights, the empire has repeatedly not only supported dictators, but in many cases overthrew popularly elected leaders and replaced them with puppet tyrants.  Examples range from secretly funding the Nazis, to installing the Shah in Iran, Pinochet in Chile, supporting Musharraf in Pakistan, and their everlasting love affair with the brutal Saudi royal family, to name a few.  Actions speak louder than words to those who can navigate the storm of propaganda with a moral compass set to recognize good from evil.  Dictators and freedom cannot coexist.

#2. Preemptive Wars of Aggression: It could be said that all wars are preemptive in nature because so many entities benefit from war.  Yet, even before America’s latest crusades, they covertly and surgically attacked countries that never threatened them.  This allowed them to maintain the moral high road in the public’s eye while constructing the foundation of their empire.  That was until the Bush Doctrine; the use of preemptive military action to confront possible threats was unofficially adopted to be the new foreign policy for combating terror.  Since then, America has become the violent aggressors, having officially invaded two countries — Afghanistan and Iraq — without legitimate provocation.  Violent aggressors have always been judged by history as evil. But it gets worse….

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#3. Torture: Torture has never been acceptable by those promoting a high moral standing in the global community.  Nazis and Japanese soldiers were convicted and executed for engaging in the exact same torture techniques that America has redefined as ‘enhanced interrogation’.  “I was just following orders,” was not a justifiable excuse for such inhumane behavior, much like it wasn’t a good enough defense for the low-ranking patsies who took the heat for the sinister Abu Ghraib torture scandal even though their actions were approved at the highest levels.  Can state-sanctioned torture of prisoners held without charges ever be viewed as anything less than brutal?

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#4. Suppression of Dissent: All tyrannical regimes throughout history have suppressed homeland dissent.  As government oppression grows bolder at home and abroad, more citizens will naturally express outrage, resulting in even more oppressive controls.  This is happening in the United States through the all-seeing eye of the Department of Homeland Security with warrantless spying, arbitrary watch lists, citizen spy campaigns, and TSA molestation to travel anywhere.  Additionally, in an attempt to squash free speech, they arbitrarily seize websites and violently confront peaceful protesters.  Unfortunately, as awareness of the topics in this very article expands, the U.S. will likely become even bolder in their pursuit of stifling dissent.  In other words, the worst is yet to come, and history will judge the U.S. as not quite the beacon of freedom they have pretended to be.

#5. Elimination of Habeas Corpus: Say goodbye to the notion of being innocent until proven guilty, the right to face charges and your accuser, and the right to a free and fair trial.  Habeas corpus, considered the only humane path to “which a prisoner can be released from unlawful detention,” has been eliminated for those vaguely labeled ‘enemy combatants’ of the empire.  As Guantanamo prisoners rot under such pretenses, prominent lawmakers in the empire propose the exact same lack of rights for American citizens if they’re labeled an ‘enemy belligerent‘.  Similar to the Spanish Inquisition, now you’re guilty until you’re tortured to admit your guilt.  Can it get more evil? Why yes, it can. Read on.

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#6. Assassinating Citizens: That’s right.  No judge, no jury, no conviction; just straight to execution. America has set another precedent in their tyrannical march toward empire when they openly assassinated an American citizen and government patsy, Anwar al-Awlaki, and his teenage son on the suspicion of terrorism.  Paul Craig Roberts laments “Now the US government not only can seize a US citizen and confine him in prison for the rest of his life without ever presenting evidence and obtaining a conviction, but also can have him shot down in the street or blown up by a drone.”  Isn’t this the reason America claims to be knocking off dictators around the world — the deliberate killing of their own citizens?

But Awlaki was a bad apple because the intelligence community said so. What’s most telling that America will continue this wickedness is that almost every US lawmaker turned a blind eye to the grotesque violation of Constitutional rights. Only Ron Paul said that assassinating an American citizen without charges is nothing less than an “impeachable offense”.  Too bad most of the country cheered the Awlaki killing as a “victory” in the war on terror, indicating that it is now an acceptable tactic.  Americans beware: you may be moved from a secret watch list to a secret kill list in this brutal empire.

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#7. Unauthorized Drone Wars: Unprovoked wars without authorization, accountability, or independent oversight only seem to be escalating; and with little resistance. The US Congress no longer votes to “declare war”.  They simply give the Commander in Chief broad “authorization” to use force against specific nations. However, even that is not broad enough in the rapid pursuit of empire.  Now, joystick warriors directed by the CIA and Pentagon have targeted at least three countries with “unauthorized” military strikes; Pakistan, Yemen, and Somalia.  Even worse, they waged a full-scale war for regime change and resource plundering in Libya without any authority inside the United States.  Under the NATO flag, which is 75% funded by the U.S., they flew over 9200 strike sorties in Libya to illegally topple Gaddafi.  Drunk with success, the bloodthirsty empire marches on to their next preemptive targets, Syria and Iran.  Quick morality check: unprovoked killing and stealing as a first resort is still wrong, right?

#8. Use of Weapons of Mass Destruction: How ironic that the world’s policeman for weapons of mass destruction is the only one to use them on a mass scale.  The United States is on record using chemical, biological and even nuclear weapons.  From the atomic bombs dropped on Hiroshima and Nagasaki in WWII, to Monsanto’s Agent Orange in Vietnam, to the depleted uranium used in Afghanistan and Iraq, America only condemns itself when speaking about the evils of WMDs. However, killers don’t appear to care how the killing is accomplished, so long as it achieves their goals.  The real firecrackers will likely be brought out in a confrontation with Iran, or if China and Russia are lured into the conflict.  It won’t really matter much what history says if the use of WMD escalates by either side, but the aggressors should rightly be blamed for the ensuing scorched earth, while the defenders against killers and thieves should be viewed as righteous.

#9. World’s Largest Drug Dealer: The American empire is the largest drug dealer in the world?  Say it isn’t so. Well, in addition to forcing legal drugs and genetically modified organisms on nations, usually under the cover of foreign aid, America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine, colluding with certain cartels to control the industry, and now openly protects and transports opium from Afghanistan.  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production; up 61% compared to 2010 to a whopping 5800 tonnes.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever.

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#10. World Reserve Currency Prison: Although using Weapons of Mass Debt is a non-violent form of expanding the empire, it’s perhaps the most brutal and effective form of control.  Requiring foreign nations to purchase oil and other imported commodities with US dollars wields immense power.  Because all nations must acquire dollars to purchase critical resources, they quickly become indebted to the US Federal Reserve, their affiliate central banks, and the IMF.  Before long, the entire world is colonized by debt.  It seems that only the nations that don’t need or refuse credit from Western banking institutions are the ones in danger of facing the wrath of the imperial war machine. Incidentally, most oil-rich nations in the Middle East have outlawed usury (lending money with interest), making them impossible to conquer diplomatically through debt.  Controlling the world reserve currency means controlling the tap of life itself, which is a dangerous weapon in the hands of an aggressive empire.  Debt is the ultimate WMD the empire uses to enslave the world, which leaves dissidents with two clear choices: slavery or death.

Although this empire is infinitely more powerful than Rome was, it will suffer the same fate.  For every negative action the empire commits, there’s an equal and opposite good reaction. And the goodness of humanity will always defeat tyranny when it goes too far.  However, an empire with so much to lose will go down swinging and slinging every weapon in its arsenal, thus putting the final stamp on their status as most brutal empire in history.’

Extreme Poverty Is Now At Record Levels – 19 Statistics About The Poor That Will Absolutely Astound You According to the U.S. Census Bureau, a higher percentage of Americans is living in extreme poverty than they have ever measured before. The Economic Collapse November 5, 2011

According to the U.S. Census Bureau, a higher percentage of Americans is living in extreme poverty than they have ever measured before.  In 2010, we were told that the economy was recovering, but the truth is that the number of the “very poor” soared to heights never seen previously.  Back in 1993 and back in 2009, the rate of extreme poverty was just over 6 percent, and that represented the worst numbers on record.  But in 2010, the rate of extreme poverty hit a whopping 6.7 percent.  That means that one out of every 15 Americans is now considered to be “very poor”.  For many people, this is all very confusing because their guts are telling them that things are getting worse and yet the mainstream media keeps telling them that everything is just fine.  Hopefully this article will help people realize that the plight of the poorest of the poor continues to deteriorate all across the United States.  In addition, hopefully this article will inspire many of you to lend a hand to those that are truly in need.

Tonight, there are more than 20 million Americans that are living in extreme poverty.  This number increases a little bit more every single day.  The following statistics that were mentioned in an article in The Daily Mail should be very sobering for all of us….

About 20.5 million Americans, or 6.7 percent of the U.S. population, make up the poorest poor, defined as those at 50 per cent or less of the official poverty level.

Those living in deep poverty represent nearly half of the 46.2 million people scraping by below the poverty line. In 2010, the poorest poor meant an income of $5,570 or less for an individual and $11,157 for a family of four.

That 6.7 percent share is the highest in the 35 years that the Census Bureau has maintained such records, surpassing previous highs in 2009 and 1993 of just over 6 percent.

Sadly, the wealthy and the poor are being increasingly segregated all over the nation.  In some areas of the U.S. you would never even know that the economy was having trouble, and other areas resemble third world hellholes.  In most U.S. cities today, there are the “good neighborhoods” and there are the “bad neighborhoods”.

According to a recent Bloomberg article, the “very poor” are increasingly being pushed into these “bad neighborhoods”….

At least 2.2 million more Americans, a 33 percent jump since 2000, live in neighborhoods where the poverty rate is 40 percent or higher, according to a study released today by the Washington-based Brookings Institution.

Of course they don’t have much of a choice.  They can’t afford to live where most of the rest of us do.

Today, there are many Americans that openly look down on the poor, but that should never be the case.  We should love the poor and want to see them lifted up to a better place.  The truth is that with a few bad breaks any of us could end up in the ranks of the poor.  Compassion is a virtue that all of us should seek to develop.

Not only that, but the less poor people and the less unemployed people we have, the better it is for our economy.  When as many people as possible in a nation are working and doing something economically productive, that maximizes the level of true wealth that a nation is creating.

But today we are losing out on a massive amount of wealth.  We have tens of millions of people that are sitting at home on their couches.  Instead of creating something of economic value, the rest of us have to support them financially.  That is not what any of us should want.

It is absolutely imperative that we get as many Americans back to work as possible.  The more people that are doing something economically productive, the more wealth there will be for all of us.

That is why it is so alarming that the ranks of the “very poor” are increasing so dramatically.  When the number of poor people goes up, the entire society suffers.

So just how bad are things right now?

The following are 19 statistics about the poor that will absolutely astound you….

#1 According to the U.S. Census Bureau, the percentage of “very poor” rose in 300 out of the 360 largest metropolitan areas during 2010.

#2 Last year, 2.6 million more Americans descended into poverty.  That was the largest increase that we have seen since the U.S. government began keeping statistics on this back in 1959.

#3 It isn’t just the ranks of the “very poor” that are rising.  The number of those just considered to be “poor” is rapidly increasing as well.  Back in the year 2000, 11.3% of all Americans were living in poverty.  Today, 15.1% of all Americans are living in poverty.

#4 The poverty rate for children living in the United States increased to 22% in 2010.

#5 There are 314 counties in the United States where at least 30% of the children are facing food insecurity.

#6 In Washington D.C., the “child food insecurity rate” is 32.3%.

#7 More than 20 million U.S. children rely on school meal programs to keep from going hungry.

#8 One out of every six elderly Americans now lives below the federal poverty line.

#9 Today, there are over 45 million Americans on food stamps.

#10 According to the Wall Street Journal, nearly 15 percent of all Americans are now on food stamps.

#11 In 2010, 42 percent of all single mothers in the United States were on food stamps.

#12 The number of Americans on food stamps has increased 74% since 2007.

#13 We are told that the economy is recovering, but the number of Americans on food stamps has grown by another 8 percent over the past year.

#14 Right now, one out of every four American children is on food stamps.

#15 It is being projected that approximately 50 percent of all U.S. children will be on food stamps at some point in their lives before they reach the age of 18.

#16 More than 50 million Americans are now on Medicaid.  Back in 1965, only one out of every 50 Americans was on Medicaid.  Today, approximately one out of every 6 Americans is on Medicaid.

#17 One out of every six Americans is now enrolled in at least onegovernment anti-poverty program.

#18 The number of Americans that are going to food pantries and soup kitchens has increased by 46% since 2006.

#19 It is estimated that up to half a million children may currently be homeless in the United States.

Sadly, we don’t hear much about this on the nightly news, do we?

This is because the mainstream media is very tightly controlled.

I came across a beautiful illustration of this recently.  If you do not believe that the news in America is scripted, just watch this video starting at the 1:15 mark.  Conan O’Brien does a beautiful job of demonstrating how news anchors all over the United States are often repeating the exact same words.

So don’t rely on the mainstream media to tell you everything.

In this day and age, it is absolutely imperative that we all think for ourselves.

It is also absolutely imperative that we have compassion on our brothers and sisters.

Winter is coming up, and if you see someone that does not have a coat, don’t be afraid to offer to give them one.

All over the United States (and all around the world), there are orphans that are desperately hurting.  As you celebrate the good things that you have during this time of the year, don’t forget to remember them.

We should not expect that “the government” will take care of everyone that is hurting.

The reality is that millions of people fall through the “safety net”.

Being generous and being compassionate are qualities that all of us should have.

Yes, times are going to get harder and an economic collapse is coming.

That just means that we should be more generous and more compassionate than we have ever been before.’

Lindsay Lohan gets 30-day jail sentence http://www.cbsnews.com/8301-207_162-20129112/lindsay-lohan-gets-30-day-jail-sentence [ Boy oh boy … Talk about ‘going after the low hanging fruit’ … If only they were as diligent in going after the serious, real including very violent, criminals plaguing america generally and california particularly. After all, they are letting serious criminal felons out of jail. I do not think anyone could possibly say that Lohan is a serious threat to anyone. I’m glad that she got the ‘Playboy gig’ (I’ve always found Playboy to be a tasteful exposé of artistically beautiful vistas). Though glad to see this unreasonably and unrelentingly tortured (to the point tantamount to overreaching persecution / prosecution), talented girl get work in film, I must honestly say I’m less than enthusiastic that it’s for some new york (fiore/gotti), new jersey (mental case scientologist – scientology is total b***s***- john ‘tony manero’ travolta) guineas who likely will be inclined to glorify that which couldn’t possibly be glorified (Francis Ford Coppola openly expressed his own misgivings concerning same, initially refusing his ‘big break’ debut) and as well his antipathy for the mob; but, I also must say his films gave rise to the career of the great actor, Al Pacino –his lesser known underrated roles in ‘Panic in Needle Park’, ‘Scarecrow’, and especially the terrific film relatively few people saw, ‘Simone’, etc., along with Shakespearian theater, which ultimately justified the exception by creating ‘some good from bad’. I’d be lying if I said, ie., Godfather 1,2,3 were anything but masterfully done). I personally unequivocally hate the mob!   http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf    It’s also true that I hate ‘mobs’ of any kind, any ethnicity, government mobs/slugs included  .  Previous: Roman Polanski freed after Swiss reject U.S. extradition request (Washington Post, July 13, 2010) Without diminishing in any way the seriousness of the crime, this result is the direct consequence of the growing global recognition of the pervasiveness of corruption in american courts, state and federal, and america generally; so much so, that said corrupt american courts cannot be relied on anywhere, anytime. Indeed, my own sampling, though hardly random to be candid, is 5 for 5 (new jersey, new york, connecticut, virginia, california) pervasively and egregiously corrupt to the point where these costly, corrupt bureaucracies should be abolished and supplanted with alternatives as I’ve previously set forth in prior comments. / Though Assange’s arrest was on far more tenuous grounds owing to a CIA-linked girl, Roman Polanski was similarly targeted:BBC News - Roman Polanski triumphs at European Film Awards Dec 5, 2010 ... Roman Polanski's thriller The Ghost Writer wins six prizes at the European ... Polanski was working on the film at the time of his arrest in ... www.bbc.co.uk/news/entertainment-arts-11921048 {I strongly recommend this, of course, masterfully done film which deals with exactly that topic and the sordid, unscrupulous machinations of the cia / u.s. (no wonder the u.s. opted out of coverage by world treaty / The Hague thereby) to avoid detection of, and to further such activities as the war crimes referenced.}

Police: Judge won't be charged over video beating McALLEN, Texas (AP) - A Texas family law judge whose daughter secretly videotaped him savagely beating her seven years ago won't face criminal charges because too much time has elapsed, police said Thursday.

BUDGET CRISIS PUTS LOS ANGELES COURT SYSTEM AT RISK ...  [Judge sends Lohan to jail for probation violation (AP) – They got her! That globe-trotting danger / threat to society, the infamous public enemy Lindsey Lohan. Guess she couldn’t cough up that direct or indirect bribe. How pathetic these corrupt, kangaroo courts are! If only she was a drug dealer, armed robber, etc., she would have had the pre-paid connections to avoid this preposterous (known substantial criminals walk about freely, without fear) outcome. This, even as they are releasing substantial felons owing to budgetary considerations. ]  ABOLISH THE CORRUPT, ECONOMICALLY WASTEFUL SO-CALLED SYSTEM, FROM MY DIRECT OBSERVATION AND EXPERIENCE .     (PREVIOUSLY ARCHIVED) HOWEVER, THIS LATEST "CALIFORNIA/LA DISTRACTION" REQUIRES ELUCIDATION AS FOLLOWS:

Response to App. Div. OSC

STATE OF CALIFORNIA ethics complaint

Response to Sup.Ct. OSC

designation of record on appeal

The so-called "order" appealed from.
How embarrassing for the superior court of the state of california!

Typical corrupt banana republic america/california court

Dirty money digitally laundered … a wall street, atlantic city, and american story … a very bad one and  [also see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm      ]     Fraud: It’s Much Bigger Than Goldman Sachs Regulatory reform debate obscures key fact: Everybody’s getting money bribes from Wall Street

Blagojevich calls feds 'cowards and liars'…[Yes. This is a rare moment for one to say that a sleazy hypocrite like blago, who is on corrupt federale-connected mobster trump’s celebrity apprentice, happens to be correct based upon facts / reality and my own direct observation and experience and the law – Don’t forget to include corrupt federal judges as maryanne trump barry, sam alito, shiff, matz, hall, underhill, dorsey, etc.. Defacto bankrupt america’s so-called system is pervasively corrupt and broken] (AP) [Abolish the corrupt, costly, economically wasteful lifetime extravagantly appointed federal courts - see RICO case [  http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]

Sheriff: Fast and Furious Bigger Scandal Than Watergate http://www.prisonplanet.com/sheriff-fast-and-furious-bigger-scandal-than-watergate.html Paul Joseph Watson | Over two dozen Republicans call for Holder to resign. Though heavily redacted, the documents directly discuss “Operation Fast and Furious” and how it involves “trafficking firearms to Mexico”. Tuesday, November 1, 2011

Pinal County Sheriff Paul Babeu joined over two dozen Republican lawmakers in calling on Attorney General Eric Holder’s to resign over Operation Fast and Furious, the gunrunning program that saw the ATF deliver some 2,000 guns directly into the hands of Mexican drug gangs, labeling the scandal worse than the Watergate cover-up that brought down the Nixon White House.

Noting that two of the guns involved in the program were found at the scene where U.S. Border Patrol agent Brian Terry was shot to death, Babeu warned that if Holder attempted to stay in power, he could bring down the entire Obama administration.

“I thought it was a telling sign when President Obama embraced him and gave him the Al Capone hug and the Scarface whisper in the ear that I support you. He did this publicly. I thought, `Wow, this is his last hours here, that he’s on his way out,” Babeu told KTAR News.

Holder is set to testify once more on the subject in front of a Democratic-led Senate committee on November 8.

By no means for the first time, if Eric Holder repeats his dubious contention that Fast and Furious only came to his attention when it became public knowledge, he will be knowingly committing perjury.

The head of the Justice Department’s criminal division, Lanny A. Breuer, Holder’s subordinate who first learned of Fast and Furious in April 2010, sent Holder briefings concerning Fast and Furious in July 2010, almost a year before Holder told a Judiciary Committee hearing, “I’m not sure of the exact date, but I probably heard about Fast and Furious for the first time over the last few weeks.”

Holder also received the same briefing from the head of the National Drug Intelligence Center, internal DOJ documents obtained by CBS News show.

“Internal Justice Department documents show that at least ten months before that hearing, Holder began receiving frequent memos discussing Fast and Furious,” states the report.

The CBS News journalist behind the scoop, Sharyl Attkisson, was subjected to verbal abuse by the White House merely for asking questions about the controversy, and was warned not to pursue the story.

In addition, Holder himself gave testimony to Congress in May 2009 in which he spoke of efforts on behalf of the DOJ and the DHS to track weapons going from the U.S. into Mexico under Project Gunrunner, which was the umbrella program for subsequent operations like Fast and Furious.

It now appears as though Breuer is attempting to throw himself under the bus in an attempt to take the heat off his boss and be the fall guy for Fast and Furious.

Over two dozen Republican lawmakers have called for Holder to resign over his stonewalling on Fast and Furious, which is the subject of a congressional probe.

As we highlighted last week, Holder is not alone in his willingness to risk charges of perjury by lying in front of elected representatives.

Despite telling a House Judiciary Committee that she only learned of operation Fast and Furious in December last year when the controversy went public, Homeland Security chief Janet Napolitano actually helped launch the previous incarnation of the program, Project Gunrunner, at a White House press conference in March 2009.

“Napolitano, at one point likening the questioning to a cross-examination, said repeatedly she only learned of “Fast and Furious” after Border Patrol Agent Brian Terry was killed in December,” reported Fox News. “She emphasized the operation, conceived and run by the Bureau of Alcohol, Tobacco, Firearms and Explosives, “was an ATF operation,” under the auspices of the Justice Department, not her department.”

However, as the video below illustrates, not only was Napolitano aware of the ATF program to put guns into the hands of Mexican drug lords, she actually helped launch the previous incarnation of it, Project Gunrunner, at a White House press conference alongside Deputy Attorney General David Ogden in March 2009.’

http://www.youtube.com/watch?feature=player_embedded&v=-F_1Sya42yA

U.S. Boots on the Ground in Libya, Pentagon Confirms Fox News | Despite assurances otherwise, four U.S. service members arrived on the ground in Tripoli.

Bloomberg: Riots On Streets NY Daily News | Mayor Bloomberg warned Friday there would be riots in the streets if Washington doesn’t get serious...’

Moody’s Downgrades Bankster Trifecta Kurt Nimmo | Bank of America, Wells Fargo and Citigroup slammed by ratings agency.

Obama Impeachment a Possibility, Says Ron Paul Politico | Paul called the killing a movement toward “tyranny.”

IMF Advisor: Global Financial Meltdown in 2 to 3 Weeks Zero Hedge | A week after the BBC exploded Alessio Rastani to the stage, it has just done it all over again.

Gorbachev Calls For American Perestroika Paul Joseph Watson | Former Soviet leader says protest movement highlights need for perestroika in pervasively corrupt, defacto bankrupt America. [ Yes! There is no question that america is the global psychopathic ‘problem child’.

2012: Ron Paul is the Only Option Kurt Nimmo | Ron Paul must be on the ballot if we are going stop the wars and return fiscal sanity to the nation.

Afghanistan to back Pakistan if wars with U.S.: Karzai - ISLAMABAD (Reuters) - Afghanistan would support Pakistan in case of military conflict between Pakistan and the United States, Afghan President Hamid Karzai said in an interview to a private Pakistani ..

What Have We Gotten For The Trillion Dollars We Have Spent On Wars In Afghanistan, Iraq And Libya? The Economic Collapse | Over a trillion U.S. taxpayer dollars have been spent on wars in Afghanistan, Iraq and Libya.

GAO Report: Federal Reserve Is Riddled With Corruption And Conflicts Of Interest Daily Bail | New audit of the Federal Reserve details huge conflicts of interest involving directors of regional Fed banks

FBI Announces Gangs Have Infiltrated Every Branch Of Military Business Insider | Report says military has seen members from 53 gangs and 100 regions in U.S. enlist in every branch of armed forces.

Iraq war will cost more than World War II The Christina Science Monitor | Iraq war, now winding down with US troop exit by December, has cost more than $800 billion so far.

The Military Industrial Complex at 50: Activism Ray McGovern | Ray McGovern on Activism and the Military Industrial Complex.

BOOK WARNS OF END... BOOK WARNS OF END
Fri Oct 14 2011 07:00:25 ET

**Exclusive**

"As the faith that gave birth to the West is dying in the West, peoples of European descent from the steppes of Russia to the coast of California have begun to die out, as the Third World treks north to claim the estate. The last decade provided corroborating if not conclusive proof that we are in the Indian Summer of our civilization."

So begins Pat Buchanan in his hardcore work, SUICIDE OF A SUPERPOWER.

"Will America Survive to 2025?"

Buchanan, set for maximum controversy, launches all rockets at introduction "Disintegrating Nation" -- and does not let up for 400-plus pages.

"America is disintegrating. The centrifugal forces pulling us apart are growing inexorably. What unites us is dissolving. And this is true of Western Civilization....Meanwhile, the state is failing in its most fundamental duties. It is no longer able to defend our borders, balance our budgets, or win our wars."

The books reads as if its been written to be left behind in the ruins, only to be found by a future civilization.

SUICIDE ranked #2,668 on AMAZON's hit parade early Friday. It streets on Tuesday.

Now only the DRUDGE REPORT can offer a look inside.



Chapter 1: The Passing of a Superpower

“We have accepted today the existence in perpetuity of a permanent underclass of scores of millions who cannot cope and must be carried by society -- fed, clothed, housed, tutored, medicated at taxpayer’s expense their entire lives. We have a dependent nation the size of Spain in our independent America. We have a new division in our country, those who pay a double or triple fare, and those who ride forever free.”

Chapter 2. The End of Christian America

If [Christopher] Dawson is correct, the drive to de-Christianize America, to purge Christianity from the public square, public schools and public life, will prove culturally and socially suicidal for the nation.

“The last consequence of a dying Christianity is a dying people. Not one post-Christian nation has a birth rate sufficient to keep it alive....The death of European Christianity means the disappearance of the European tribe, a prospect visible in the demographic statistics of every Western nation.”

Chapter 3. The Crisis of Catholicism

“Half a century on, the disaster is manifest. The robust and confident Church of 1958 no longer exists. Catholic colleges and universities remain Catholic in name only. Parochial schools and high schools are closing as rapidly as they opened in the 1950s. The numbers of nuns, priests and seminarians have fallen dramatically. Mass attendance is a third of what it was. From the former Speaker of the House to the Vice President, Catholic politicians openly support abortion on demand.”

“How can Notre Dame credibly teach that all innocent life is sacred, and then honor a president committed to ensuring that a woman’s right to end the life of her innocent child remains sacrosanct?”

Chapter 4. The End of White America

“[W]hite America is an endangered species. By 2020, whites over 65 will out-number those 17 and under. Deaths will exceed births. The white population will begin to shrink and, should present birth rates persist, slowly disappear.”

“Mexico is moving north. Ethnically, linguistically and culturally, the verdict of 1848 is being over-turned. Will this Mexican nation within a nation advance the goals of the Constitution -- to “insure domestic tranquility” and ‘make us a more perfect union’? Or have we imperiled our union?” (Page 134)

Chapter 5. Demographic Winter

“Peoples of European descent are not only in a relative but a real decline. They are aging, dying, disappearing. This is the existential crisis of the West.” (Page 166)

“Not any Iranian weapon of mass destruction but demography is the existential crisis Israel faces....By mid-century...Palestinians west of the Jordan river will out-number Jews 2-1. Add Palestinians in Jordan, it is 3-1.”

“In a startling development of history, Russia’s population has fallen from 148 million in 1991 to 140 million today and is projected to plunge to 116 million by 2050, a loss of 32 million Russians in six decades.”

Chapter 6. Equality Vs. Freedom

“Those who would change society begin by changing the meaning of words. At Howard University, LBJ changed the meaning of equality from the attainable -- an end to segregation and a legislated equality of rights for African-Americans -- to the impossible: a socialist utopia.”

“Where equality is enthroned, freedom is extinguished. The rise of the egalitarian society means the death of the free society.”

“A time for truth. As most kids do not have the athletic ability to play high school sports, or the musical ability to play in the band, or the verbal ability to excel in debate, not every child has the academic ability to do high school work. No two children are created equal, not even identical twins. The family is the incubator of inequality and God its author.”

Chapter 7. The Diversity Cult

“The non-Europeanization of America is heartening news of an almost transcendental quality,” Wattenberg trilled.4 Yet, one wonders: What kind of man looks with transcendental joy to a day when the people among whom he was raised have become a minority in a nation where the majority rules?”

“Historians will look back in stupor at 20th and 21st century Americans who believed the magnificent republic they inherited would be enriched by bringing in scores of millions from the failed states of the Third World.”

Chapter 8: The Triumph Of Tribalism

America’s war of revenge against Japan was a race war. Newsreels, movies, magazines, comic books, headlines treated “Japs” as a repulsive race whose extermination would benefit mankind....Only well after the war was over was it re-branded a war to bring the blessings of democracy to...Japan.

We may deny the existence of ethnonationalism, detest it, condemn it. But this creator and destroyer of empires and nations is a force infinitely more powerful than globalism, for it engages the heart. Men will die for it. Religion, race, culture and tribe are the four horsemen of the coming apocalypse.

Chapter 9. ‘The White Party’

“Through its support of mass immigration, its paralysis in power to prevent 12-20 million illegal aliens from entering and staying, its failure to address the “anchor-baby” issue, the Republican Party has birthed a new electorate that will send it the way of the Whigs.”

Chapter 10: The Long Retreat

“We borrow from Europe to defend Europe. We borrow from the Gulf states to defend the Gulf states. We borrow from Japan to defend Japan. Is it not a symptom of senility to be borrowing from the world so we can defend the world?”

“Are vital U.S. interests more imperiled by what happens in Iraq where were have 50,000 troops, or Afghanistan where we have 100,000, or South Korea where we have 28,000 -- or by what is happening on our border with Mexico?...What does it profit America if we save Anbar and lose Arizona?”

Chapter 11: The Last Chance

“We are trying to create a nation that has never before existed, of all the races, tribes, cultures and creeds of Earth, where all are equal. In this utopian drive for the perfect society of our dreams we are killing the real country we inherited..’

SHRINK: Obama suffers from 'father hunger'... ‘The abandonment by his father when he was an infant and by his stepfather at age 10 has left President Obama with a "father hunger" that influences everything from why he distances himself from pushy supporters, to his strong desire to compromise and bring people together, to his aggressive campaign to kill Osama bin Laden, says a psychoanalytic book out next week. In Obama on the Couch, George Washington University professor Justin Frank also reveals that Obama has spent much of his life seeking out father figures, but most, like Rev. Jeremiah Wright and Vice President Biden, have disappointed him. "Obama searched for a father, for someone to relate to who could help him—a strong man who knew what to do," Frank writes.

[Check out photos of Obama behind the scenes.]

This is Frank's second psychoanalytical book about a president. While a sympathetic look at Obama, it follows Bush on the Couch, a sharply critical analysis that suggested then President George W. Bush was disturbed. In that book, he predicted that someone like Obama—"completely different," "someone not ... white"—would succeed Bush. What the nation ended up with, however, is "an almost tragic figure," Frank writes.

The general theme is that Obama has been affected both by being biracial and by the abandonment of his two dads during his childhood. The result is that he is overly protective of his own nuclear family, desires greatly to see national unity, and yet harbors anger that he took out on bin Laden. [Vote now: Will Obama be a one-term president?]

Take for example Obama's earlier willingness to compromise with Republicans, upsetting his liberal base. Here Frank cites the negative influence of his parents, especially his mom, who often pressed him to do better in school. "He hates being pushed by supporters who want him to make good on his promises of universal healthcare and care for the poor, something that represents his mother and how she pushed him to study harder," Frank writes. And when he ignores his base, he is emulating his father, expressing annoyance but not worried they will desert him.

As for bin Laden, Frank writes that Obama's inner anger emerged: "He was able to pursue his action against bin Laden in part because bin Laden offered a displacement figure for Obama's rage toward his own parents." [ I believe this is factually incorrect and was mere political desperation by wobama et als; see infra, “Bin Laden” Heroes Probably Murderered to Keep Them Quiet ... Gordon Duff Veterans TodayFLASHBACK: Eyewitness to OBL Raid Saw Helicopter Explode (TRANSCRIPT) [ As indicated on this albertpeia.com website, I didn’t buy the administration’s desperate and politically opportunist Osama event and still don’t buy it; and further, I believe this! ]Veterans Today | TRANSCRIPT of critical interview with Pakistani eyewitness to Bin Laden raid. Is this the key to SEAL Team 6′s demise? [See a slide show of 10 issues driving Obama's re-election campaign.]

Frank also calls Obama scared of the type of radical change he advocated in 2008. "He wants to be the father who makes change safe, the person he has waited for his entire life."

Check out: our editorial cartoons on President Obama.

See: a slide show of 10 reasons Obama should be re-elected.

Browse: photos of 2012 GOP hopefuls on the campaign trail…’

BUCHANAN: Is the New World Order unraveling? October 13, 2011 ‘With Greece on the precipice of default and Portugal and Italy approaching the ledge, the European monetary union appears in peril.

Should it collapse, the European Union itself could be in danger, for economic nationalism is rising in Europe. Which raises a larger question.

Is the New World Order, the great 20th century project of Western transnational elites, unraveling?

The NWO dates back as far as Woodrow Wilson's League of Nations, which a Republican Senate refused to enter. FDR, seeking to succeed where his mentor had failed, oversaw the creation of a United Nations, an International Monetary Fund and a World Bank.

In 1951 came the European Coal and Steel Community, love child of Jean Monnet, which evolved into the European Economic Community, the European Community and the European Union. A European Central Bank and a new currency, the euro, followed.

The hidden ultimate goal of economic union was political union – a United States of Europe as model and core of the 21st-century world government.

Pat Buchanan's latest book -- the title says it all: "Suicide of a Superpower: Will America Survive to 2025?"

With the disintegration of the Soviet Union, the EU expanded to the east. And the New World Order, formally proclaimed by George H.W. Bush in 1991, was out in the open and seemingly the wave of the future.

Progress was swift.

A North American Free Trade Agreement, bringing the United States, Mexico and Canada into a common market that George W. Bush predicted would encompass the hemisphere from Patagonia to Prudhoe Bay, was signed in 1993.

A World Trade Organization was born in 1994. U.S. sovereignty was surrendered to a global body where America had the same single vote as Azerbaijan.

The Kyoto Protocol, brought home by Vice President Al Gore, set up a regime to control the worldwide emission of greenhouse gases.

An International Criminal Court, a permanent Nuremberg Tribunal to prosecute war crimes and crimes against humanity, was created.

A doctrine of limited sovereignty had been asserted. Elites claimed a higher law than national sovereignty; "a responsibility to protect" enabled them to intervene in countries where human rights violations were egregious.

Serbia, bombed by Bill Clinton for 78 days for fighting to hold its ancient province of Kosovo, was the first victim.

Suddenly, however, the progression has stalled. Indeed, the New World Order seems to be unraveling.

Emerging powers like China, India and Brazil are demanding they be exempt from restrictions developed countries seek to impose. The follow-up summits to Kyoto – Copenhagen in 2009, Cancun in 2010 – ended in failure. The Doha round of world trade negotiations ended in failure.

China refuses to let her currency float lest she lose the trade surpluses that have enabled her to amass $3 trillion in cash reserves.

Protectionism is rising. Americans chafe at a new world economic order that has led to deindustrialization of their country. Congress is talking of defunding the U.N. as anti-Western and anti-Israel.

Why is the New World Order suddenly going in reverse?

A primary reason is the resurgence of nationalism. Nations are putting national interests ahead of any perceived global interests.

A second reason is the decline of a West whose project this was. We no longer dictate to the world, and the world no longer marches to our tune. The deficits and indebtedness of Western nations preclude more of the big wealth transfers in foreign aid that once bought us influence.

A third reason is demography. Not one European nation has a birth rate sufficient to replace its population. Europe's nations are aging, shrinking, dying. A depopulating Germany cannot carry forever the deficit-debtor nations of Club Med. The oldest nation, Japan, is on schedule to lose 25 million people by 2050, as is neighbor Russia.

Militarily, America remains the most powerful nation. But Iraq and Afghanistan have bled the country and left us without the certain attainment of our goals. Old allies like Turkey go their separate ways.

Ethno-nationalism also explains a disintegrating world order. Aspiring nations like Scotland, Catalonia, Padania, Flanders, Ingushetia, Dagestan, East Turkestan, Kurdistan and Baluchistan seek a place in the sun, free of the cloying embrace of the mother country.

The desire of peoples for nations all their own, where their own language, faith and culture predominate and their own kind rule to the exclusion of all others, is everywhere winning out over multiculturalism and transnationalism.

Through history there have been attempts to unite the world.

The Roman Empire. Catholicism. Islam. The West that ruled much of mankind from Columbus to the mid-20th century. Communism, which conquered half of Europe and Asia but arose and fell in a single century.

With the death of communism and the decline of the West – in relative population and power – Islam has become the largest religion, China the world's emerging superpower and Asia the continent of the future.

Could this still be the Second American Century? [ Absolutely, unequivocally NOT! ]

Not the way we are going.’

Read more: Is the New World Order unraveling? http://www.wnd.com/index.php?fa=PAGE.view&pageId=355405#ixzz1aiOydNLu

Will U.S. Exploit Dubious Terror Case and Attack Iran? Kurt Nimmo | Another case of a clueless patsy entrapped by the U.S. government. TIMING? U.S. busts two Iranians today over terror plot Obama was briefed about in June... { U.S. accuses Iran of plot to kill Saudi ambassador [ Oh come on! That’s as likely as wmd’s in Iraq; or, america and israel hatching such a plot so they can blame same on Iran. The point is, when it comes to nations that both war-mongering israel/u.s. would love to make, not love, but war on, they’d literally say anything; even to the point of paying anyone to say anything … yellow cake anyone? (‘Bush and Iraq: Follow the Yellow Cake Road’ Read more: http://www.time.com/time/world/article/0,8599,463779,00.html#ixzz1aWL8TndC ‘...the White House defense, having now admitted a falsehood in President Bush's claim, in his State of the Union address, that Iraq had tried to buy uranium in Africa. Read more: http://www.time.com/time/world/article/0,8599,463779,00.html#ixzz1aWKsd9dp ] }
Drudgereport: WAR DRUMS: IRAN CALLS 'TERROR PLOT' LIE
Saudis say Iran must 'pay the price'...
Hillary: 'Dangerous escalation'...

Fed Insider Cain Caught In Brazen Debate Lie Paul Joseph Watson | Establishment favorite claims he never opposed audit of Fed.

Putin: US feeding off global dollar monopoly Russia Today| Pushing through energy deals and boosting cooperation with the aim of balancing out the economic and political dominance of the West. [ Of course Putin is quite right inasmuch as pervasively corrupt, defacto bankrupt america has an insurmountable fiscal gap of $211 trillion and like Greece et als, it’s not a matter of if, but when america defaults. ]

U.S. accuses Iran of plot to kill Saudi ambassador [ Oh come on! That’s as likely as wmd’s in Iraq; or, america and israel hatching such a plot so they can blame same on Iran. The point is, when it comes to nations that both war-mongering israel/u.s. would love to make, not love, but war on, they’d literally say anything; even to the point of paying anyone to say anything … yellow cake anyone? ]

Wall Street Puppet Obama Sympathizes With Anti-Wall Street Protests Steve Watson & Paul Joseph Watson | Claims Government has not gone after banksters because … [ More wobama b***s*** for the multi-trillion dollar fraud, still extant, etc.. Of course, as a total fraud himself, no small wonder that as per wobama’s fraudulent playbook the blatant wall street frauds are not, by him, considered fraud. Remember those ‘shovel ready’ jobs promised last (but eternal) campaign by wobama? Well, just those required to shovel his infinite b***s***. Then those fightin’ words from ‘the great prevaricator’ … (to GOP) unite behind his jobs bill or get ready to be run "out of town" … shows his disconnect with reality and proclivity for rhetoric / b***s*** since it’s he who should and will be ‘run out town on a rail’. He’s so pathetic! What a total loser! Who’s foolish enough to even listen to this total b***s*** artist wobama? ]

OWS Needs to Target Real Enemies Or Face Irrelevancy` Kurt Nimmo | Real enemies are the Bilderbergers, CFR, the Trilateral Commission, and the Federal Reserve — not lowly Wall Street stock brokers. [ This is quite incorrect! I’m not saying don’t target the Bilderbergers, CFR, the Trilateral Commission, and the Federal Reserve, etc.; but, for the most part, they are ‘frauds fait accomplis’, as ie., in accordance with the adgage ‘behind every fortune, a crime’ (subject to very few exceptions, ie., ‘the late, great Steve Jobs’ (bill gates is not among those exceptions). They (Alex Jones, et als) ignore, owing to their lack of ‘real world experience’, organized crime of its ‘various flavors’, ethnicities, even cabals / niches within government. The fact is and remains, as with politics (O’Neil), all crime is ultimately local. You must always prosecute the proximate crime causing the proximate harm without fail (nominal crimes as, ie., marijuana possession, should take a back seat to distribution, ie., cia, cartels, bribery, etc., given limited resources, budgetary constraints. After all, given the u.s. government’s involvement in the distribution aspects of the illegal drug business, ie., cocaine, etc., cia, etc., possession/use falls into the nebulous realm of civic / patriotic duty?). Only by so doing will you ultimately get those higher up on the criminal food chain who are ‘protected’ by layers of corrupt bureaucracy as is pervasive in american government / society, federal, state, and local. ]

Rick Perry's Pledge To Stand With Israel "as a Christian"... [ Yes, indeed! This is as damaging to Christianity as it is helpful to Islamic fundamentalists, ‘extremists’, realists; in large part owing to the fact that such a position can’t be justified rationally, biblically, spiritually, morally, or realistically! ] Rick Perry's pledge to stand with Israel "as a Christian" is a gift to Islamic...

Analysis: what was so objectionable about Ahmadinejad’s speech? [ Nothing! As regards the twin towers reference, his position is consistent with in excess of 95% of those who’ve looked closely at same, including from an engineering perspective, as opposed to those who blindly accept the government ‘pablum’ of the neo-con cherished ‘pearl harbor event’ (that was wildly cheered by those israeli agents in Weehawken, n.j.) ]Activist Post | It is clear that Ahmadinejad’s address to the 66th Session of the United States General Assembly was not well met.

California City Closes Down Bible Study in Private Home Kurt Nimmo | In Orange County, California, it is illegal to hold a religious meeting in your home. In Orange County, California, it is illegal to hold a religious meeting in your home.[ How totally pathetic … California … truly the ‘land of fruits and nuts’! … Meanwhile, the inmates that run the asylum called California are releasing felons from prisons in droves because they can’t count, do simple math. Maybe if these peaceful people in the confines of their homes (it’s a jungle out there on the lawless California ‘streets’) were to commit serious crimes they would get more empathy, understanding from the inmates / criminals running the asylum they call California! Outrageous! ] ‘This is what Chuck and Stephanie Fromm, of San Juan Capistrano, discovered when they were fined $300 earlier this month for holding a Bible study class on their property.Officialdom in the county said the couple were singled out because it is considered illegal to hold “a regular gathering of more than three people” on private property. Officials stated that the Fromms require a license to hold meetings in their home.San Juan Capistrano authorities claim home Bible study is not allowed because it is a “church,” and churches require a Conditional Use Permit (CUP) in residential areas.The Fromms face additional fines of $500 per meeting for any further “religious gatherings” in their home, according to the Pacific Justice Institute.The city’s action is a brazen violation of the First Amendment, which guarantees free worship without government intervention.PJI and the Fromms plan to appeal a decision made by the city to uphold the fine and restriction to the California Superior Court in Orange County, according to KCOY 12 News, a Fox affiliate.Ironically, the city of San Juan Capistrano was founded as a mission in the late 1700s by Catholic priest Junipero Serra. A local chapel established by Serra is the oldest standing building in California.’

WIRELESS: Obama invested in Falcone-funded Co.... In ’05 Investing, Obama Took Same Path as Donors By MIKE McINTIRE and CHRISTOPHER DREW ‘Less than two months after ascending to the United States Senate, Barack Obama bought more than $50,000 worth of stock in two speculative companies whose major investors included some of his biggest political donors.

One of the companies was a biotech concern that was starting to develop a drug to treat avian flu. In March 2005, two weeks after buying about $5,000 of its shares, Mr. Obama took the lead in a legislative push for more federal spending to battle the disease.

The most recent financial disclosure form for Mr. Obama, an Illinois Democrat, also shows that he bought more than $50,000 in stock in a satellite communications business whose principal backers include four friends and donors who had raised more than $150,000 for his political committees.

A spokesman for Mr. Obama, who is seeking his party’s presidential nomination in 2008, said yesterday that the senator did not know that he had invested in either company until fall 2005, when he learned of it and decided to sell the stocks. He sold them at a net loss of $13,000.

The spokesman, Bill Burton, said Mr. Obama’s broker bought the stocks without consulting the senator, under the terms of a blind trust that was being set up for the senator at that time but was not finalized until several months after the investments were made.

“He went about this process to avoid an actual or apparent conflict of interest, and he had no knowledge of the stocks he owned,” Mr. Burton said. “And when he realized that he didn’t have the level of blindness that he expected, he moved to terminate the trust.”

Mr. Obama has made ethics a signature issue, and his quest for the presidency has benefited from the perception that he is unlike politicians who blend public and private interests. There is no evidence that any of his actions ended up benefiting either company during the roughly eight months that he owned the stocks.

Even so, the stock purchases raise questions about how he could unwittingly come to invest in two relatively obscure companies, whose backers happen to include generous contributors to his political committees. Among those donors was Jared Abbruzzese, a New York businessman now at the center of an F.B.I. inquiry into public corruption in Albany, who had also contributed to Swift Boat Veterans for Truth, a group that sought to undermine John Kerry’s Democratic presidential campaign in 2004.

Mr. Obama, who declined to be interviewed about the stock deals, has already had to contend with a controversy that arose out of his reliance on a major campaign contributor in Chicago to help him in a personal financial transaction. In that earlier case, he acknowledged last year that it had been a mistake to involve the contributor, a developer who has since been indicted in an unrelated political scandal, in deals related to the Obamas’ purchase of a home.

Senate ethics rules do not prohibit lawmakers from owning stocks — even in companies that do business with the federal government or could benefit from legislation they advance — and indeed other members of Congress have investments in government contractors. The rules say only that lawmakers should not take legislative actions whose primary purpose is to benefit themselves.

Mr. Obama’s sale of his shares in the two companies ended what appears to have been a brief foray into highly speculative investing that stood out amid an otherwise conservative portfolio of mutual funds and cash accounts, a review of his Senate disclosure statements shows. He earned $2,000 on the biotech company, AVI BioPharma, and lost $15,000 on the satellite communications concern, Skyterra, according to Mr. Burton of the Obama campaign.

Mr. Burton said the trust was different from qualified blind trusts that other senators commonly used, because it was intended to allow him greater flexibility to address any accusations of conflicts that might arise from its assets. He said Mr. Obama had decided to sell the stocks after receiving a communication that made him concerned about how the trust was set up.

The investments came at a time when Mr. Obama was enjoying sudden financial success, following his victory at the polls in November 2004. He had signed a $1.9 million book deal, and his ethics disclosure reports show that he received $1.2 million of book money in 2005.

His wife, Michelle, a hospital vice president in Chicago, received a promotion that March, nearly tripling her salary to $317,000, and they bought a $1.6 million house in June. The house sat on a large property that was subdivided to make it more affordable, and one of Mr. Obama’s political donors bought the adjacent lot.

The disclosure forms show that the Obamas also placed several hundred thousand dollars in a new private-client account at JPMorgan Chase, a bond fund and a checking account at a Chicago bank.

But he put $50,000 to $100,000 into an account at UBS, which his aides say was recommended to him by a wealthy friend, George W. Haywood, who was also a major investor in both Skyterra and AVI BioPharma, public securities filings show.

Mr. Haywood and his wife, Cheryl, have contributed close to $50,000 to Mr. Obama’s campaigns and to his political action committee, the Hopefund. Mr. Haywood declined to comment.

Within two weeks of his purchase of the biotech stock that Feb. 22, Mr. Obama initiated what he has called “one of my top priorities since arriving in the Senate,” a push to increase federal financing to fight avian flu.

Several dozen people had already died from the disease in Southeast Asia, and experts were warning that a worldwide pandemic could kill tens of millions of people. Mr. Obama was one of the first political leaders to call for more money to head off the danger, which he described as an urgent public health threat.

His first step came on March 4, 2005, when the Senate Foreign Relations Committee approved his request for $25 million to help contain the disease in Asia; the full Senate later approved that measure. And in April 2005, he introduced a bill calling for more research on avian flu drugs and urging the government to increase its stockpiles of antiviral medicines.

Mr. Obama repeated this call in a letter that Aug. 9 to Michael O. Levitt, the health and human services secretary. And in September 2005, Mr. Obama and Senator Tom Harkin, Democrat of Iowa, succeeded in amending another bill to provide $3.8 billion for battling the flu.

Meanwhile, the drug company in which he invested, AVI BioPharma, had been working to develop its own medicine to treat avian flu victims. In a conference call with Wall Street analysts on March 8, 2005, the company’s chairman, Denis R. Burger, said the firm was “aggressively going forward” with its avian flu research and hoped to work with federal agencies on it.

The company, which is also developing medicines in a number of other areas, provided several updates on its avian flu research in 2005, including one on Oct. 21 saying the company was likely to develop a treatment for avian flu “in a relatively short time.”

Mr. Obama sold what appears to have been about 2,000 shares of the company’s stock a week later, when it traded at about $3.50 a share, or about $1 a share more than when he bought it. Company officials said they never talked to the senator about his work on avian flu. And while the company has received millions of dollars in federal money to develop drugs for treating ebola and other serious diseases, it still has not received any federal money for its avian flu research.

The company’s stock briefly surged to nearly $9 a share in January 2006 when it announced promising research findings on the flu drug. But the company still has not applied for federal approvals to test and market the drug.

Unlike his investment in AVI, which yielded a small profit, Mr. Obama’s stake in Skyterra Communications went in the opposite direction, despite a promising start.

He bought his Skyterra shares the same day the Federal Communications Commission ruled in favor of the company’s effort to create a nationwide wireless network by combining satellites and land-based communications systems. Immediately after that morning ruling, Tejas Securities, a regional brokerage in Texas that handled investment banking for Skyterra, issued a research report speculating that Skyterra stock could triple in value.

Tejas and people associated with it were major donors to Mr. Obama’s political committees, having raised more than $150,000 since 2004. The company’s chairman, John J. Gorman, has held fund-raisers for the senator in Austin, Tex., and arranged for him to use a private plane for several political events in 2005. Mr. Gorman declined to comment.

In May 2005, Mr. Abbruzzese, who was vice chairman of Tejas and a principal investor in Skyterra, contributed $10,000 along with his wife to Mr. Obama’s political action committee — a departure from his almost exclusive support of Republicans. Eight months earlier, for instance, he had contributed $5,000 to the Swift Boat group, and he has given $100,000 to the Republican National Committee since 2004.

Last year, Mr. Abbruzzese, a major investor in several high-tech companies in New York and elsewhere, emerged as a central figure in the federal investigation of the New York State Senate majority leader, Joseph L. Bruno. The inquiry is examining Mr. Bruno’s personal business dealings, including whether he accepted money from Mr. Abbruzzese in return for Senate approval of grants for one of Mr. Abbruzzese’s companies. Both men have denied any wrongdoing. Mr. Abbruzzese did not return phone calls seeking comment.

Skyterra’s share price was lifted into the $40 range for a time on the strength of the F.C.C. ruling, but eventually drifted down into the low 30s, and was at $31 when Mr. Obama sold his shares for a $15,000 loss on Nov. 1, 2005. A few months later, it plunged into the $20 range, and today trades below $10 a share. A spokesman for Skyterra said the company’s top officials had not been aware of Mr. Obama’s investment.’

Joe McGinniss Sarah Palin Book, 'The Rogue,' Makes Controversial Claims About Former Alaska Governor ‘Joe McGinniss's new book, The Rogue: Searching for the Real Sarah Palin, hits bookstores next week, but its controversial claims about the former Alaska governor are already making waves.

In the book, McGinniss writes that Palin had a one-night stand in 1987 with future NBA basketball player Glen Rice nine months before she married her husband Todd. He quotes a friend who said Palin "had a fetish for black guys for a while."

"She was a gorgeous woman. Super nice. I was blown away by her," Rice tells McGinniss in the book, NBC reports. "Afterward, she was a big crush that I had."

McGinniss's book also alleges that Palin had an extramarital affair with her husband's business partner, Brad Hanson, in the mid-1990s, and snorted cocaine off a 55-gallon oil drum while snowboarding.

"An utter fraud. An absolute and utter fraud," McGinniss calls Palin in an interview about the book with NBC.

"At best, she's a hypocrite," McGinniss tells NBC's Savannah Guthrie. "At worst, she's a vindictive hypocrite."

McGinniss famously moved into a house next door to Palin's Wasilla, Alaska home to write his book -- prompting the Palins to accuse him of stalking them. They built a high fence along their property to protect their privacy.

In response to McGinniss's book, Todd Palin gave a statement to NBC saying that McGinniss "spent the last year interviewing marginal figures with an axe to grind in order to churn out a hit piece to satisfy his own creepy obsession with my wife."

"I'd ask the fathers and husbands of America to consider our privacy when one summer day I found this guy on the deck of the rental property, just 18 feet away next door to us, staring like a creep at my wife while she mowed the lawn in her shorts," Palin said.

McGinniss says that anything he learned about Palin by living next door did not make it into the book, but he does become a character in the story himself.

The New York Times writes in its review:

Soon Mr. McGinniss is settling in to enjoy the fuss his mere presence has created. "Normally, for a news story to continue beyond the first 24-hour news cycle, something newsworthy must occur," he writes loftily, but "The Rogue" is filled with proof to the contrary. What was his hate mail like? He quotes it. What did Glenn Beck call him? That’s here too. Who took umbrage at this venom and chose to help him? One man offered him a hideout, despite Mr. McGinniss's slight skepticism about his motives. "But you don’t know me," Mr. McGinniss protested.

McGinniss's book is scheduled to hit bookstores on Tuesday, Sept. 20.’

The Rogue: Searching For The Real Sarah Palin' Cover Revealed Call it Palin Noir. Joe McGinniss' upcoming biography of Sarah Palin has a cover design more fitting for a detective novel. It has a bold...

Joe McGinniss, Palin Neighbor & Author, Leaving Wasilla To Write Book ANCHORAGE, Alaska — Sarah Palin can take down the fence. Palin's neighbor of three months on Wasilla's Lake Lucille, author Joe McGinniss, is packing his...

Bristol Palin Interview Accidentally Reveals Mother's 15 Abortions www.theonion.comWASILLA, AK—Sarah Palin's political team was forced to do emergency damage control Monday after the former Alaska governor's daughter Bristol accidentally divulged on live television that her mother has undergone at least 15 abortions over the past 30 years. "She's always telling me how special I am, especially considering the five or six babies she aborted before I was born," Palin, 20, said during a CNN interview in which she was asked if she thought her mother would make a good president. "Then of course there were the twins she aborted shortly after having me, another four abortions after Willow somehow survived hers—but anyway, she's a wonderful mom. She just gets pregnant a lot and doesn't always want to have the baby." Palin also commended her mother's strength in carrying three babies with Down syndrome to term, and then even choosing not to give Trig up for adoption like the others.

Ralph Nader: U.S. is a two party dictatorship Raw Story | “It’s a two party dictatorship unless you’re worth billions of dollars.”

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

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

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

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

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

AMERICA FALLS TO 5TH PLACE... GENEVA — ‘The U.S. has tumbled further down a global ranking of the world's most competitive economies, landing at fifth place because of its huge deficits and declining public faith in government, a global economic group said Wednesday.

The announcement by the World Economic Forum was the latest bad news for the Obama administration, which has been struggling to boost the sinking U.S. economy and lower an unemployment rate of more than 9 percent. Switzerland held onto the top spot for the third consecutive year in the annual ranking by the Geneva-based forum, which is best known for its exclusive meeting of luminaries in Davos, Switzerland, each January. Singapore moved up to second place, bumping Sweden down to third. Finland moved up to fourth place, from seventh last year. The U.S. was in fourth place last year, after falling from No. 1 in 2008.

The rankings, which the forum has issued for more than three decades, are based on economic data and a survey of 15,000 business executives.

The forum praised the U.S. for its productivity, highly sophisticated and innovative companies, excellent universities and flexible labor market. But it also cited "a number of escalating weaknesses" such as rising government debt and declining public faith in political leaders and corporate ethics.

The results of a survey of 142 nations comes a day before Obama is preparing to tackle jobs issues in a speech to the U.S. Congress, and just as U.S. polls show a clear majority of those surveyed say they disapprove of the way Obama is handling the economy.

Switzerland held onto its top ranking, the forum said, because of "continuing strong performance across the board" with innovation, technological readiness, even-handed regulation and having one of the world's most stable economic environments.

Germany, Europe's economic powerhouse, was sixth, followed by the Netherlands and Denmark. Japan came in ninth, and Britain was 10th. France was 18th, and Greece, saddled with debt, fell to 90th.

The report looked at broader trends: While the U.S. slipped, emerging markets gained traction. China took 26th place, highest among major emerging economies; Brazil was 53rd; India was 56th; and Russia was 66th.

"Fiscal imbalances that have been building up around the world are really a danger to future competitiveness, in terms of the ability of countries to invest in those things that will be very important for competitiveness going forward, things like education, infrastructure and so on," said Jennifer Blanke, an economist with the forum.’

Gunman wounds several at Nevada restaurant Washington Post - A man with a rifle shot a group of uniformed members of the National Guard. Officers review evidence, including bullet holes, at the scene of a shooting at an IHOP restaurant in Carson City, Nev. 4 dead, including shooter, in Nev. IHOP attack CBS News Sheriff: Gunman used AK-47 in IHOP shootingThe Associated Press Shooting at IHOP Restaurant in Nevada Kills Two National Guard Members, At ... Fox News [ I heard this breaking story as it came across the radio – the soundbite was from someone being interviewed (I didn’t catch the name or position), who said such as this incident happens in third world countries, not here. Au contraire! Take a good look … from Philly, to Chicago, to Detroit, to Newark, to New York, to Miami, to Los Angeles, etc., to crime rates worldwide (u.s. is no. 1 by far), to pervasive corruption, to pervasive fraud (gov’t sanctioned), to meaningful lawlessness and arbitrary enforcement, to gunboat diplomacy and perma wars, to over-printed ever-more worthless currency, to insurmountable debt (promises to pay, unfounded liabilities) etc., … defacto bankrupt america is a third-world country, and the biggest by far with much further to fall …] Legendary Investor Jeremy Grantham: America is a Banana Republic Washington’s Blog | Just different bananas perhaps? [ Of course this is absolutely true! And not just from the meaningfully lawless perspective – I had made such a statement on the record in a LA Superior Court Appellate Dept. proceeding in which said court literally ignored the law (the same is true of the costly, plushly accoutered lifetime appointee federal courts) which courts should indeed be abolished in these difficult economic / budgetary times. Additionally, from pervasive corruption, to debased over-printed currency, to gunboat diplomacy, to total incompetence, etc., america is indeed a banana republic at most.]

MSNBC Yet Again Implies Criticism of Obama Is Racist Paul Joseph Watson | General Electric-owned (49%) network is earning its federal bailout money. [Yet, it’s holder / wobama who’re the racists … Robinson: King’s dream remains unrealized (Washington Post) [ Yeah! That ‘content of their character’ thing’s a b***ch to live up to … just don’t measure up! What’s a white person to do, especially when black atty. General Holder with fellow black Obama’s tacit approval is racist himself (themselves) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black defendants and white victims '. Drudgereport: 'Mob' beatings at WI state fair...
'Hundreds of young black people beating white people'... [ Typical… ]
Fairgoers 'pulled out of cars'...
'They were just going after white people'...
Heightened security...

[ .. (the following incident is my personal experience: black perps, white victims)‘.. while walking through Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion (limbic system / adrenalin flow) I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped / a crowd gathered / an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA’s position with both felonies ( he went to prison – pled out ). The other case I wrote about here ( This was included on my website in the Psychology forum discussion of ‘bystander effect’ / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparently had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp (a police officer here in California was the object of intense criticism for having used a flashlight to subdue a criminal after a long chase so I included that here) . The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal went to jail (where they belong). The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so. I was also mugged by 4 blacks and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). ]

Dick Cheney’s self-serving memoir REVIEW | “In My Time” serves mainly to reaffirm the former vice president’s lack of regrets. (Washington Post) [ Yes. Lack of regrets. That is exactly what you’d expect from an unconflicted psychopath as war criminal cheney most certainly is. The unassuming cheney, barely noticeable in his prior manifestations in one form / position or another, in trying so desperately to imprint himself on the administration of fellow war criminal and moron bush, has been nothing short of disastrous for the world and this country particularly. Clearly, the meds cheney’s had to consistently take have shaken up / messed up his body / brain chemistry to the point where cheney’s nothing less than psychotic in the most negative sense. Indeed, his ‘change’ from somewhat balanced to psychopathic was not lost on former supporter / endorser Gerald Ford who commented publicly, albeit euphemistically, on how mean cheney had become. Such is the way / demeanor of a psychopath upon that defining break from sanity. For those soldiers who were called upon to carry out his sociopathic obsessions, his message to them in explaining his 5 deferments when his nation called on him was that he had better, more important things to do (school deferments). Psychopath that cheney is, and nothing more, who has cost this world and nation immeasurably, cheney is indeed the proverbial ‘dead man walking’. Dick Cheney: One Year As a Walking Zombie Paul Joseph Watson & Alex Jones | Former VP marks anniversary as member of the living dead. 10 Indications The United States Is A Dictatorship http://www.activistpost.com/2011/05/10-indications-united-states-is.html 8. Torture: Torture has long been a tactic used by America. In fact it runs the leading school on its methods.  The School of the Americas has been responsible for training Latin American dictators and their thugs on how to intimidate the local population and rule with an iron fist.  However, the torture debate has hit mainstream media in a serious discussion about its effectiveness, especially following the assassination of Osama bin Laden.  Aside from the despicable morals involved, torture doesn’t work for intelligence gathering, according to experts.  Furthermore, the legalization of torture was what really brought the dreaded Russian secret police out into the open.  When such a declaration is made, it is literally a recruiting strategy to find the criminals and sadists who would love to be part of such a system.  Torture is not normal work for normal people; it is the work of psychopaths such as Dick Cheney who loves the tactic of waterboarding so much that he has stated it should be brought back and used more widely.  No nation that uses torture to obtain confessions can be called legitimate. It is only used as a tool of intimidation and oppression by totalitarian regimes…’

Is Apple Evil? Paul Joseph Watson & Alex Jones | Ethical grandstanding fails to hide transhumanist, oppressive background of technology giant. [ If I hadn’t experienced censorship at the hands of alex jones et als (inveterate hypocrites who are constantly ranting about censorship and being cut off from mainstream news) I’d be reluctant to write as follows since I do feel what they do to be important in providing access to otherwise inaccessible news / data and I am as such compelled to include links to their news on my site. That said, clearly Jones et als must have too much time on their hands in ‘mentally masturbating’ over what they deem to be a slight by Apple on the human race. How pathetic they truly are! Forever defending indefensible human, and particularly american, traits from deserved, just criticism, slights; particularly concerning the inherent criminal nature of same. I must say, reiterate, they really are pathetic; and, in paranoid fashion, they are continually hearing the footsteps of reality creeping up behind them. Indeed, a reality that precludes them from that proverbial ‘good look in the mirror’. In any event, not to worry about irrelevancies, things that don’t matter: Drudgereport: NASA REPORT: Aliens may destroy humanity to protect other civilizations … [ Naah! Really don’t have to .. confined to this solar system, by hand of God or man, we’re only talking decades at most ] ... ]

Play It Again Sam: Dave's Daily [ As always, Dave is spot-on as an astute, knowledgeable, seasoned veteran of the markets. ] ‘ In our little village in New Hampshire (call it Whoville) there's a summer stock playhouse a block or so from us. They have many good plays but no matter the production or quality, they can't top Wall Street from delivering great performances. Thursday was another great show starring Jobless Claims, Warren Buffet, HAL 9000s, Steve Jobs and, of course, Da Boyz running the CRIMEX (COMEX and CME) on precious metals options expiration.   

The spin on Jobless Claims data was prior claims were adjusted higher making recent higher claims look not so bad especially when you add Verizon workers.

Warren Buffett entered from stage left with a $5 billion investment in Bank of America (BAC) giving him 6% interest tax-free (a "coddled" billionaire?) and making he and Berkshire (BRK) a new TARP program.

The HAL 9000s have been doing business as HFTs (High Frequency Traders) launching many buy or sell programs using complex algorithms which can drive prices on indexes higher or lower in dramatic fashion. One of their great acts is called "quote stuffing". It's another illegal activity which the SEC hasn't quite figured out. It's as futile for them as the illegal fee-driven recent end-of-quarter price jam-job. One of these actions was featured courtesy of our friends at Zero Hedge and depicted below as it occurred Thursday afternoon. The first chart features the quotes per second (NOTE: one instance exceeding 800 quotes per second). The next chart shows the market's simultaneous reaction. 

http://www.thestreet.com/tsc/daves/082511/image002.jpg

Steve Jobs sadly is retiring from his leading role as Apple (AAPL) CEO but the stock hardly budged given the products and brand are already well-known and his retirement was much anticipated.

Last, but not least certainly, was the performance of Da Boyz production of gold price manipulation. The first bear raid occurred Tuesday as The Shanghai Gold Exchange raised margins putting pressure on prices Wednesday in the U.S. Not so secretly evidently, Da Boyz met in Chicago and determined to raise gold margins after the close of trading on Wednesday--this being done with prices already down $100. This action was obviously leaked to those in the options pits and the impact enhanced with options expiration Thursday. So we gapped down lower with this event no doubt triggering more stops. This made the strike price hunt down profitable for those on the floor. Once those cleared we rallied back and closed slightly higher on the day. 

http://www.thestreet.com/tsc/daves/082511/image003.jpg

Meanwhile, back at Wall & Broad stocks fell sharply because evidently there's some concern Ben will do nothing in launching another round of QE from Jackson Hole. Bond prices were higher as was the dollar while commodity prices overall were mixed.

Volume was higher once again on selling and breadth per the WSJ was quite negative putting more life back into the roller coaster ride…’

‘Play it again Sam’ http://www.phrases.org.uk/meanings/284700.html ‘ORIGIN

Bogart's supposed line from Casablanca. This is well-known as one of the most widely misquoted lines from films. The actual line in the film is 'Play it, Sam'. Something approaching 'Play it again, Sam' is first said in the film by Ilsa Lund (Ingrid Bergman) in an exchange with the piano player 'Sam' (Dooley Wilson):

Ilsa: Play it once, Sam. For old times' sake.
Sam: I don't know what you mean, Miss Ilsa.
Ilsa: Play it, Sam. Play "As Time Goes By."
Sam: Oh, I can't remember it, Miss Ilsa. I'm a little rusty on it.
Ilsa: I'll hum it for you. Da-dy-da-dy-da-dum, da-dy-da-dee-da-dum...
Ilsa: Sing it, Sam.

The line is usually associated with Humphrey Bogart and later in the film his character Rick Blaine has a similar exchange, although his line is simply 'Play it':

Rick: You know what I want to hear.
Sam: No, I don't.
Rick: You played it for her, you can play it for me!
Sam: Well, I don't think I can remember...
Rick: If she can stand it, I can! Play it! ‘

Facebook "Places" List Signals Decline of Western Civilization at Minyanville Justin Rohrlich  ‘Okay, it's official: the United States is pathetic … From Mashable comes the first set of Facebook-supplied data regarding where their users "check in"...and it ain't pretty:

1. Starbucks

2. Buffalo Wild Wings

3. Chili’s

4. Applebee’s

5. McDonald’s

6. IHOP

7. Denny’s

8. Olive Garden

9. T.G.I. Friday’s

10. The Cheesecake Factory

Yep, that's where we stand these days -- of the 157 million Facebook users in the United States, these are the ten locations they frequent most. Not the restaurants they frequent most. The PLACES they frequent most. If that doesn't signal America's imminent decline, maybe the Pennsylvania middle school principal who is bringing his sheep to work because lawnmowers are breaking the budget, will. Just askin'. ‘

Buchanan: The view from Martha's Vineyard... Patrick J. Buchanan ‘As he and his daughters bicycle around the summer playground of the Northeastern elite, Martha's Vineyard, President Obama is steadily bleeding away both the support of the nation and that of his most loyal constituency. Several times, his approval rating in Gallup's daily tracking poll has sunk to 39 percent, with disapproval reaching 54 percent. Support for his handling of the economy has dipped to the mid-20s. Only 11 percent of Americans, says Gallup, are satisfied with the way things are going. Unemployment remains at 9 percent, as it has for two years. The Dow has lately lost 2,000 points, or $3 trillion in wealth wiped out. All that money the Fed pumped out is now being reflected not only in the price of gold, silver and Swiss francs, but in rising consumer prices – inflation. One in five U.S. children is living in poverty.

Middle America, some time ago, decided the "hopey, changey thing" was not working out for them. Now the patience of African-Americans with a president for whom they voted 24 to one is wearing thin.

At a Black Caucus confab in Detroit, Rep. Maxine Waters told an angry audience that if and when Black America demands that they confront Obama, the caucus is ready "to have the conversation."

A collision between Obama and his base seems inevitable. For Black America's situation, though tough today, seems certain to get tougher. Why?

First, black Americans held a significant share of the subprime mortgages that went sour when housing prices went south, and are thus overrepresented among those who lost homes.

Second, black Americans, with a higher rate of poverty, depend more on the entitlement and social programs that Obama cannot avoid hoisting onto the chopping block in any "balanced" plan for dealing with the deficit-debt crisis.

Third, African-Americans are overrepresented among the 22 million who work for local, state and federal governments. And while government workers came out best in terms of job security and salary hikes in the stimulus days of 2009 and 2010, in the austerity days of 2011, they are getting their fair share of pink slips. It is almost a truism: Whenever Middle America goes into recession, Black America flirts with depression.

Consider the U.S. Postal Service, with 600,000 employees, running a deficit of $8.5 billion and facing layoffs of 120,000. According to William Burrus, ex-president of the Postal Workers Union, 21 percent of all postal employees are black. When the cuts come, minorities will take a big hit.

That African-Americans favor a powerful federal government is understandable. After all, it was the federal government that crushed the Confederacy, freed the slaves, sent troops to integrate the South, enacted the civil rights laws, imposed affirmative action on companies and colleges, and created the Great Society that provided trillions in wealth transfers and welfare benefits and employs a share of the black population that is nearly twice its representation in the labor force.

That African-Americans would see states' rights conservatives and small-government Republicans as hostile to the one powerful institution most friendly to them should come as a no surprise.

Here we come to Barack's dilemma.

The nation he leads is facing a deficit-debt crisis that comes of an inescapable truth: Whether we are talking about commitments to go to war to defend scores of nations or commitments to entitlement and Great Society programs such as Social Security, Medicare, Medicaid, earned income tax credits, food stamps and Pell grants, we Americans have handed out promissory notes we no longer have the means to meet.

We can no longer deliver what we have promised.

We are running deficits of 10 percent of gross domestic product with a national debt over 100 percent. We are on the path that Italy is following, which is the path that Greece pursued.

We are an overextended empire and commonwealth facing strategic and fiscal bankruptcy. If Obama is to lead the nation out of the crisis it confronts, he has to preside over a downsizing of the welfare-warfare state – the same state that sustains his base.

Not to worry, we are told. When the lazy days of summer are over, Obama will present Congress with his big plan for resurrecting the economy and ensuring the long-term solvency of the nation.

Obama's September program – indeed, any credible plan to revive the economy and bring our books into balance – has to include a rollback of U.S. commitments at home and abroad.

Yet, domestically, this cannot be done without reducing future Social Security, Medicare and Medicaid benefits, and cutting and capping the social programs of the Great Society. Moreover, half the nation cannot freeload forever, as is the case today, contributing nary a dime in federal income taxes.

And such reforms must adversely impact most Obama's political and personal base.

If he proposes new taxes, tea-party Republicans fix bayonets.

If he proposes downsizing the government and cutting and capping social programs, his most loyal constituents rise up against him.

Enjoy the Vineyard, Mr. President. Read more: The view from Martha's Vineyard http://www.wnd.com/index.php?fa=PAGE.view&pageId=335265#ixzz1VQWOeKDx ‘

Putin sets sights on Eurasian economic union FT | Putin hopes to build a “quasi-European Union” out of former Soviet states.

Cracked Fukushima: Radioactive steam escapes danger zone RT | Workers at Japan’s Fukushima plant say the ground under the facility is cracking and radioactive steam is escaping through the cracks.

Obama ‘Takes More Vacations Than Any Human Being I’ve Ever Seen’ Fox News | “Here we have a country that really is going to hell in a handbasket.”

Perry Apes Ron Paul in Attack on Fed Cartel Kurt Nimmo | If Perry becomes president, his pretend opposition to the Fed will evaporate faster than Obama’s promise to bring the troops home.

Details of Obama’s jobs plan emerge President is thinking about proposing tax cuts for companies that hire workers, new spending for roads and construction, and other measures that target the long-term unemployed, administration officials say. (Washington Post) [ Oh come on! Too little, too late for ‘wobama the b’ (for b***s***), the eternal campaign(er) … he’s got a ‘good rap’ … that rapper ‘wobama the b’ (for b***s***). Really! He’s a total embarrassment out there on the campaign trail; and just as much an embarrassment for those who turn out to see him … maybe he’s somewhat of an allure as in a freak show. He’s a total joke! To be finally talking jobs and things just before the election having broken previous campaign promises in his failed role as ‘bush failure 3’. Even his pension is undeserved so much a fraud is he! Black caucus: Tired of making excuses for Obama [ They are not alone! ] Washington Examiner | A key member of the Congressional Black Caucus says they don’t pressure President Obama because he is loved by black voters. Obama ‘Takes More Vacations Than Any Human Being I’ve Ever Seen’ Fox News | “Here we have a country that really is going to hell in a handbasket.” Bus Tour Bust: Obama’s Approval Plummets Back Into 30s, Says Gallup CNS News | Obama’s politically charged but taxpayer funded bus tour through the Midwest turned into a bust yesterday. Disapproval of Congress Hits All Time High of 84% Paul Joseph Watson | Americans are more upset with political leadership than ever before.

Drudgereport: BLACK CAUCUS ON OBAMA: 'WE'RE GETTING TIRED' [ Not as tired of wobama’s b***s*** / excuses as the ‘White Caucus’ and any other Caucus – but, don’t be taken in by their b***s***; they’ll ‘back the black’ every time, regardless! ]New low of 26% approve of Obama on economy...
Inflation builds...
FOOD PRICES RISING...
UNEMPLOYMENT UP...
OBAMA TO LAY OUT JOBS PLAN -- AFTER VACATION...
'Takes More Vacations Than Any Human Being I've Ever Seen'...
Commiserates with jobless, then off to the Vineyard...

Even that italian, belafonte, isn’t buying ‘wobama brand(ed)’:

Drudgereport: HARRY BELAFONTE: Obama 'has failed'...
NOONAN: 'HE IS A LOSER'...
GALLUP: 40% APPROVAL...

Obama takes debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'...

Most importantly, realize that if wobama’s actions had not belied his words/campaign promises, the nation’s position, though still ominous, would have been substantially improved.

http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime  Washington’s Blog / the grim economic reality   [  http://albertpeia.com/grimreality.htm

CRIME STATS(u.s.No.1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

SEC accused of destroying files Former agency official says SEC violated federal law by destroying records of enforcement cases in which it decided not to file charges. (Washington Post) [ Duh, ya think? The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! SEC destroyed documents, senator says 17 Aug 2011 ‘The Securities and Exchange Commission may have destroyed documents and compromised enforcement case ... Grassley: Agency may have got rid of Goldman, Madoff documents Ronald D. Orol, MarketWatch WASHINGTON (MarketWatch) — The Securities and Exchange Commission may have destroyed documents and compromised enforcement cases involving activity at large banks and hedge funds during the height of the financial crisis in 2008, according to allegations made by a lawmaker on Wednesday. “From what I’ve seen, it looks as if the SEC might have sanctioned some level of case-related document destruction,” said Sen. Chuck Grassley, Republican of Iowa, in a letter to the agency’s chairman, Mary Schapiro. Sen. Chuck Grassley “It doesn’t make sense that an agency responsible for investigations would want to get rid of potential evidence. If these charges are true, the agency needs to explain why it destroyed documents, how many documents it destroyed over what timeframe, and to what extent its actions were consistent with the law.” Agency staff “destroyed over 9,000 files” related to preliminary agency investigations, according to a letter sent in July to Grassley, the top Republican on the Senate Judiciary Committee, and obtained by MarketWatch. The allegations were made by SEC enforcement attorney, Darcy Flynn, in a letter to Grassley. Flynn is a current employee, and according to the letter, received a bonus for his past year’s work. Flynn alleges the SEC destroyed files related to matters being examined in important cases such as Bernard Madoff and a $50 billion Ponzi scheme he operated as well as an investigation involving Goldman Sachs Group Inc. GS +0.33%   trading in American International Group credit-default swaps in 2009. Flynn also alleged that the agency destroyed documents and information collected for preliminary investigations at Wells Fargo & Co. WFC +1.34% , Bank of America Corp. BAC +0.81% , Citigroup C +0.13%  , Credit Suisse CS +0.38%  , Deutsche Bank DB +0.79%  Morgan Stanley MS -0.06%  and the now-bankrupt Lehman Brothers. The letter goes into particular detail about Deutsche Bank, the former employer of current SEC enforcement chief Robert Khuzami as well as former enforcement chiefs Gary Lynch and Richard Walker…’

Sen. Chuck Grassley “It doesn’t make sense that an agency responsible for investigations would want to get rid of potential evidence…’ [ Oh but it does make sense Sen. Grassley: Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ]

Carlyle in diversification flurry Carlyle is expected to announce $40 million in energy investments, capping a two-week flurry of deals. (Washington Post) [ Yeah! You’d expect that from the likes of them; you know, a ’flurry’ so close to the election; quid pro quos, bribes and things … Flashback: Carlyle picks underwriters for IPO (Washington Post) [ Clearly part of the problem. ‘Cashing out’ while the ‘goin’s good’, gettin' out while the gettin’s good? Well what else is wall street for? Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits while you still can since there's much worse to come! Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Previous: Carlyle Group planning IPO (Washington Post) [ Come on! Mr. Heath makes this sound like an almost public service endeavor to serve the public interest in some vague, nondescript fashion (What of real value do they do? … kind of like the fraudulent wall street high-frequency trading churn-and-earn … Nothing! … Like parasitic termites eating away at the foundation of the nation); poppy’s estate plan is maximized, along with the other principal’s financial interests by cashing out through this ‘public offering / scam’ as for the most part, this era of their ‘jig is up’ . Meet The Carlyle Group - Former World Leaders and Washington ... How will President George W. Bush make a personal fortune from the War on Terror? The old fashioned way. He'll inherit it; Meet the Carlyle Group.
www.hereinreality.com/carlyle.html

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

Meet the Carlyle Group

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

Bush Baker Carlucci Darman Major Ramos

http://www.angelfire.com/indie/pearly/htmls/bush-carlyle.html Investment giant says it will likely sell shares. Defense Secretary Robert M. Gates tours eastern Afghanistan, days before the Obama administration is scheduled to complete a major review of its war strategy. ]

Make way for the ‘super bundlers’ The 2010 elections saw the rise of “Super PACs.” In 2012 it will be a new breed of fundraisers. (Washington Post) [ ‘Super bundlers’? If Mr. Eggen had said ‘facilitators for the super bunglers’, I would have recognized what he meant. But, ‘super bundlers’ immediately brings to mind another kind of fraud / scam, viz., those ‘bundled’ toxic asset worthless paper securities things so lucratively popularized by the frauds on wall street with the blessing of their ‘amen corner’ in Washington to the detriment of this and other nations and particularly this nation’s taxpayers / middleclass who’ve been decimated. If he had called them what they more realistically are, viz., visible slush funds for those visible invisible quid pro quo / bribe schemes, welfare of the nation be damned, I indeed would have known what I think he meant. Is Obama’s fate written in numbers? Recent economic data amounts to a formidable headwind for any incumbent president hoping for a second term. And Democrats worry time is running out. (Washington Post) [ Let’s just say the fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the truth is he really screwed you’ … well you know that familiar theme and can ad lib, insert your own words!
It’s still Obama’s party Why he won’t face a primary challenge: Republicans and racial politics. (Washington Post) [ It’s true … so right you are! Al Gore’s even pitchin’ in by donating the talents of his long lost secret love child, ‘Leslie Gore’ to pen and sing a song in wobama’s honor (kidding) which goes something like this , ‘It’s his party and he’ll cry if he wants to, cry if he wants to, cry if he wants to, you would cry too, if obama happened to you … Well, there you go … if the song says it it must be true. Yeah! And those dern republicans and their racial politics … UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black defendants and white victims' – Time to get whitey, at last, at last, etc., say holder / wobama who go on to say ‘and they ain’t talking about Whitey Bulger, the mobster, either!’

Postal Service seeking 20 percent staff cut EXCLUSIVE | In cost-cutting bid, USPS also proposes withdrawing employees from existing health and retirement plans and creating its own benefit programs. Congress would need to sign off. (Washington Post) [ I think it’s a great idea. Indeed, 50% would be substantially better. Even better yet, UPS should take over their entire operation. After all, UPS is well managed and efficient; and also, very reliable. On the other hand, the USPS is poorly managed, inefficient, and very unreliable: October 15, 2010 (*see infra {ultimately delivered by UPS})

SHARE YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:

The following is my comment to an LA Times article regarding a Justice Department cover-up! As for your inquiry, all I think about day and night is a long overdue resolution to the RICO litigation as set forth therein:

ATF Chief Melson:Justice Department trying to shield officials (LATimes) Serrano

I believe him!

 I truly empathize with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu:   Died February 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]

Here’s some real, complicit cover-up / fraud on the part of the federal government, et als:

October 15, 2010 (*see infra {ultimately delivered by UPS})

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700

Los Angeles, CA 90024

Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case  RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages)      [  ricosummarytoFBIunderpenaltyofperjury.pdf   http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf          ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as     fbicorrespondencereyes.htm     .   With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the    RICO VERIFIED COMPLAINT    (see infra). Such includes and as set forth in the case, inter alia,

A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..

Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.

The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages:   [  Shiff Order of Dismissal With Prejudice on Coan’s Failure to File        Page 1                Page 2          ]

Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [   transcript in pertinent part -     crossexamofcoanbypeia.pdf   ]

Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.

Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.],   Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.

Sincerely,

Albert L. Peia

611 E. 5^th Street, #404

Los Angeles, CA 90013

(213) 219-**** (cell phone)

(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651 -magic jack}

                       ----------

*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]

http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime  Washington’s Blog / the grim economic reality   [  http://albertpeia.com/grimreality.htm

CRIME STATS(u.s.No.1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

http://www.albertpeia.com

Sincerely and Regards,

Al Peia

In euro crisis, signs of German fatigue Politics keep the chancellor from putting full weight of Europe’s largest economy behind a solution (Washington Post) [ Yeah … ‘square pegs in round holes’ is definitely not Germany’s style. European economies brace as Germany slows Discouraging news about the pace of growth came just hours before German and French leaders called for new steps to impose discipline on governments whose lax budget practices prompted the debt crisis. (Washington Post) [ First, let’s call this economic scenario what it is; viz., the ‘d’ word … ‘depression’. For those who find that term unutterable, then ‘double-dip recession’ is the term for you. All the dollar debasement (over-printing, etc.) for the benefit of the frauds on wall street et als to the substantial detriment of everyone else can’t change and has exacerbated and obfuscated this fact. Moreover, there has been a manipulated churn-and-earn high-frequency trading bubble-bull cycle in what is unmistakably a secular bear market. Famed economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Europe’s crisis and the psychology of fear (Washington Post) [ Given the reality and magnitude of Europe’s problems going forward, dwarfed only by the magnitude of those of pervasively corrupt, defacto bankrupt america, it brings to mind the words of the former Intel CEO (co-founder) Andy Grove ‘ Only the paranoid survive’ (of course, having survived the Nazis and escaped Communist-controlled Hungary in Europe, as a jew, one has to assume his perspective / outlook was somewhat ‘skewed’ thereby). Yet, let’s not kid ourselves to the point where virtual survival is threatened and at stake as is so for the EU. America isn’t alone in the downgrade spiral (WP) Indeed, the EU has followed the contra-indicated perma war, evermore worthless Weimar currency, and a predispositon / tacit acceptance of paper securities schemes / scams / frauds which are integral to america’s ongoing, albeit obfuscated, debacle / crisis which given the unfunded debt load pegged at $211 Trillion among other estimates, is insurmountable and will end quite badly. Poll: Sharp dissatisfaction with D.C. The public doubts the government can fix the nation’s economic problems, Post poll shows. An unlikely landlord: Uncle Sam (WP) [ No surprise there (the doubts)! Uncle Scam as landlord? Sounds like a typical scam / fiasco / debacle in the making! Add limey (brits)-looking (green) frogs (french) to the mix(ed up) in the pervasively corrupt defacto bankrupt disunited states Italy unveils plan to calm fears of escalating crisis (WP) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still got problems. Europe’s debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it here except the punch line): ‘That’s black bart’s girl’. Pelosi: ‘We are not Greece’ ( but greecy Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close call! There you go. Nothing to worry about now that wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Deficits And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in entitlement programs the US is actually in worse financial shape than Greece and other debt-laden European countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total federal spending in 2010 amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while other estimates exceed $100 trillion (these amounts are insurmountable) …’ Famed economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing to political desperation! Why You Shouldn't Buy Into This Plunge Forbes/O'Neil‘The market is building momentum to the downside’. Wall Street closes worst week since '08 with wild day NEW YORK (Reuters) S&P on U.S. downgrade: Debt pact 'falls short' - Reuters S&P downgrades US credit rating from AAA S&P Shocks the U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat Sheet What Recovery? Forbes  ‘…we can’t call this a recovery. There’s no reason to celebrate when a job report was better than expected. Why? Because the expectation was abysmal to begin with. And while we’re at it, we can’t ignore increasing sovereign debt problems in Europe…’ ‘Top 3 Reasons Markets Erased the Year’s Gains Wall St. Cheat Sheet 1) Japan and Europe 2) Unemployment.3) Capital goods - billions of dollars in lost revenue. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events that warns of phase II of the global crisis… My work shows that “the new recession has started.”… Over the past 33 years, we have called the start of every recession, often on the exact month, or within one month, of the official start as determined one year later by the official arbiter of recession, the National Bureau of Economic Research (NBER)… However, inflation is far understated for political reasons. Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation, according to free market economists who calculate inflation as it was done in 1980 before the politician re-engineered it, is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’FLASHBACK HERE: Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher.

Will: Is Britain a lost ally? (Washington Post) [ How ‘bout just lost! And, while on the subject of lost, pervasively corrupt, defacto bankrupt america should tell the so-called (self-interested to america’s detriment) ‘ally’ israel to get lost!  

David Starkey On UK Riots: ‘Whites Have Become Black’ You Tube | “A particular sort of violent destructive, nihilistic gangster culture has become the fashion.” [ Britain burns the colour of 'A Clockwork Orange' Financial Times [ Truly a great film by any cinematic standard by Stanley Kubrick based on the book of the same name by Anthony Burgess, ‘A Clockwork Orange takes place in a futuristic city governed by a repressive, totalitarian super-State. In this society, ordinary citizens have fallen into a passive stupor of complacency, blind to the insidious growth of a rampant, violent youth culture. The protagonist of the story is Alex, a fifteen-year-old boy who narrates in a teenage slang called nadsat, which incorporates elements of Russian and Cockney English. Alex leads a small gang of teenage criminals—Dim, Pete, and Georgie—through the streets, robbing and beating men and raping women. Alex and his friends spend the rest of their time at the Korova Milkbar, an establishment that serves milk laced with drugs, and a bar called the Duke of New York… http://www.sparknotes.com/lit/clockworkorange/summary.html http://en.wikipedia.org/wiki/A_Clockwork_Orange_%28film%29 ‘A Clockwork Orange is a 1971 British darkly satirical science fiction film adaptation of Anthony Burgess's 1962 novel of the same name. This cinematic adaptation was produced, directed, and written by Stanley Kubrick. It features disturbing, violent images, to facilitate social commentary about psychiatry, youth gangs, and other contemporary social, political, and economic subjects in a dystopian, future Britain.Alex (Malcolm McDowell), the main character is a charismatic, psychopathic delinquent whose pleasures are classical music (especially Beethoven), rape, and so-called 'ultra-violence'. He leads a small gang of thugs (Pete, Georgie, and Dim), whom he calls his droogs (from the Russian друг, "friend", "buddy"). The film tells the horrific crime spree of his gang, his capture, and attempted rehabilitation via a controversial psychological conditioning technique. Alex narrates most of the film in Nadsat, a fractured, contemporary adolescent slang comprising Slavic (especially Russian), English, and Cockney rhyming slang.A Clockwork Orange features a soundtrack comprising mostly classical music selections and Moog synthesizer compositions by Walter Carlos. The now-iconic poster of A Clockwork Orange, and its images, were created by designer Bill Gold. The film also holds the Guinness World Record for being the first film in media history to use the Dolby Sound system ‘ ]

Meyer: Why aren’t Americans rioting? (Washington Post) [ It really is quite surprising inasmuch as they’re getting quite a royal screwin’ from the so-called ‘powers that be’. There might be a tinge of masochism coupled with a feeling of punishment-deserved remorse in light of the overridingly inherent criminal nature of americans generally, propelling them to wrongful acts for which they should be sorry, based upon my own experience and direct observation. That said, I’d also say ‘give them time’, the worst is yet to come. Moreover, we’re already seeing it, and not just in britain, greece, italy, etc., but here in the pervasively corrupt, defacto bankrupt disunited states of america; viz., detroit, chicago, philadelphia, etc., with predictions consistent with the reality of much worse to come. Europe’s crisis and the psychology of fear (Washington Post) [ Given the reality and magnitude of Europe’s problems going forward, dwarfed only by the magnitude of those of pervasively corrupt, defacto bankrupt america, it brings to mind the words of the former Intel CEO (co-founder) Andy Grove ‘ Only the paranoid survive’ (of course, having survived the Nazis and escaped Communist-controlled Hungary in Europe, as a jew, one has to assume his perspective / outlook was somewhat ‘skewed’ thereby). Yet, let’s not kid ourselves to the point where virtual survival is threatened and at stake as is so for the EU. America isn’t alone in the downgrade spiral (WP) Indeed, the EU has followed the contra-indicated perma war, evermore worthless Weimar currency, and a predispositon / tacit acceptance of paper securities schemes / scams / frauds which are integral to america’s ongoing, albeit obfuscated, debacle / crisis which given the unfunded debt load pegged at $211 Trillion among other estimates, is insurmountable and will end quite badly. Poll: Sharp dissatisfaction with D.C. The public doubts the government can fix the nation’s economic problems, Post poll shows. An unlikely landlord: Uncle Sam (WP) [ No surprise there (the doubts)! Uncle Scam as landlord? Sounds like a typical scam / fiasco / debacle in the making! Add limey (brits)-looking (green) frogs (french) to the mix(ed up) in the pervasively corrupt defacto bankrupt disunited states Italy unveils plan to calm fears of escalating crisis (WP) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still got problems. Europe’s debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it here except the punch line): ‘That’s black bart’s girl’. Pelosi: ‘We are not Greece’ ( but greecy Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close call! There you go. Nothing to worry about now that wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Deficits And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in entitlement programs the US is actually in worse financial shape than Greece and other debt-laden European countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total federal spending in 2010 amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while other estimates exceed $100 trillion (these amounts are insurmountable) …’ Famed economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing to political desperation!

Will: Kennedy’s Berlin blunder (Washington Post) [ Oh come on Mr. Will! I’d say Kennedy’s blunder was, as Caesar and the ides of March, not heeding warnings concerning that Dallas ride. A bit of a reach though factually accurate are the implications, consequences of those highlights which in terms of results were foreseen years before by ‘Warrior-General Patton’. Indeed, for the rising military industrial complex, one way or another, conflict whether hot or cold, requiring substantial defense spending was fait accomplis. I’m disappointed to hear of Kennedy’s unfounded criticism of the last great leader / president, the substantially underrated but great President General Eisenhower which I would attribute to Kennedy’s own insecurity regarding such matters and possibly in psychiatric terms, a form of displacement. Krauthammer: Our political system is working well (Washington Post) [ Wow! There was a time back in the late sixties, early seventies when there were these long-haired people chastised by the so-called ‘establishment’ that would have just loved to be doin’ whatever it is that Mr. Krauthammer’s been doing to arrive at such a conclusion, so glaringly devoid of any reality whatsoever. Psychedelics, hallucinogens, magic mushrooms; what could it be that has brought Mr. Krauthammer into this fantasy world where even ‘Alice’ of Wonderland fame might feel comfortable in this netherland (sic) / netherworld created from the depths of Mr. Krauthammer’s imagination. I’m truly at a loss for words. After all, the warning by the underrated but great President General Eisenhower of the impending inherent danger of the military industrial complex came to fruition with the assassination of JFK and the reality of a coup d’etat thereby. All presidents, along with the two remaining branches of the pervasively corrupt, defacto bankrupt american government since have been at best stooges for such as the military industrial complex, the banksters / frauds on wall street, etc., to the substantial detriment of the vast majority in this country and throughout the world (ie., perma wars, huge securities frauds still extant / now marked to anything as per congressional FASB rule change, and unprosecuted. Beyond the immediate reach, or at least ‘penetration’ of american propaganda, an intelligent and astute individual, Legendary Investor Jeremy Grantham: America is a Banana Republic Washington’s Blog | Just different bananas perhaps? { Of course this is absolutely true! And not just from the meaningfully lawless perspective – I had made such a statement on the record in a LA Superior Court Appellate Dept. proceeding in which said court literally ignored the law (the same is true of the costly, plushly accoutered lifetime appointee federal courts) which courts should indeed be abolished in these difficult economic / budgetary times. Additionally, from pervasive corruption, to debased over-printed currency, to gunboat diplomacy, to total incompetence, etc., america is indeed a banana republic at most. } I didn’t see the debates {what does it matter what they say – the egregious ‘wobama the b’ (for b***s***) fatigue factor / experience} nor have I read Mr. Robinson’s article, ‘GOP Debate Land’ but I’m sure I’d agree with his conclusion, ‘I didn’t recognize the America the GOP candidates described;’ but unfortunately, I do recognize the pervasively corrupt, defacto bankrupt america of ‘wobama the b’ (for b***s***), failed president like his predecessor, moron war criminal dumbya bush, that he is. The powerless president Obama remains indecisive, and ignored, as larger forces bring down the country. Robinson: S&P downgrades the GOP (WP) [ Riiiiight! It’s everything but ‘wobama the b’ (for b***s***) that’s to blame for the nation’s meltdown according to wobama aficionados / intractable wobama apologists, Messieurs Milbank and Robinson. Sweet Mr. Milbank even points to wobama’s personal character flaws (among many unmentioned) to exculpate the failed president wobama. Wobama’s failed miserably and yet had the easiest act in the world to follow in the persona of fellow failed president war criminal dumbya bush whose failed policies up to the real start of the election cycle he’s largely followed. After all, Mr. Robinson, how different really are the parties these days when profligate spending on illegal, unnecessary wars was continued when democrats controlled congress, and then even the executive office when continuing failed president and war criminal dumbya bush’s nation bankrupting, nation destroying war policies, protection for unprecedentedly huge wall street frauds, bush tax cut extensions for the wealthy, and then some (spending on top of it).
Drudgereport: HARRY BELAFONTE: Obama 'has failed'...
NOONAN: 'HE IS A LOSER'...
GALLUP: 40% APPROVAL...

Obama takes debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'...

Most importantly, realize that if wobama’s actions had not belied his words/campaign promises, the nation’s position, though still ominous, would have been substantially improved.
Poll: Sharp dissatisfaction with D.C. The public doubts the government can fix the nation’s economic problems, Post poll shows. An unlikely landlord: Uncle Sam (Washington Post) [ No surprise there (the doubts)! Uncle as landlord? Sounds like a typical scam / fiasco / debacle in the making! Add limey (brits)-looking (green) frogs (french) to the mix(ed up) in the pervasively corrupt defacto bankrupt disunited states Italy unveils plan to calm fears of escalating crisis (Washington Post) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still got problems. Europe’s debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it here except the punch line): ‘That’s black bart’s girl’. Pelosi: ‘We are not Greece’ ( but greecy Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close call! There you go. Nothing to worry about now that wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Deficits And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in entitlement programs the US is actually in worse financial shape than Greece and other debt-laden European countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total federal spending in 2010 amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while other estimates exceed $100 trillion (these amounts are insurmountable) …’ Famed economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing to political desperation! Why You Shouldn't Buy Into This Plunge Forbes/O'Neil‘The market is building momentum to the downside’. Wall Street closes worst week since '08 with wild day NEW YORK (Reuters) S&P on U.S. downgrade: Debt pact 'falls short' - Reuters S&P downgrades US credit rating from AAA S&P Shocks the U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat Sheet What Recovery? Forbes  ‘…we can’t call this a recovery. There’s no reason to celebrate when a job report was better than expected. Why? Because the expectation was abysmal to begin with. And while we’re at it, we can’t ignore increasing sovereign debt problems in Europe…’ ‘Top 3 Reasons Markets Erased the Year’s Gains Wall St. Cheat Sheet 1) Japan and Europe 2) Unemployment.3) Capital goods - billions of dollars in lost revenue. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events that warns of phase II of the global crisis… My work shows that “the new recession has started.”… Over the past 33 years, we have called the start of every recession, often on the exact month, or within one month, of the official start as determined one year later by the official arbiter of recession, the National Bureau of Economic Research (NBER)… However, inflation is far understated for political reasons. Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation, according to free market economists who calculate inflation as it was done in 1980 before the politician re-engineered it, is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’FLASHBACK HERE: Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher.
Is Obama’s fate written in numbers? Recent economic data amounts to a formidable headwind for any incumbent president hoping for a second term. And Democrats worry time is running out. (Washington Post) [ Let’s just say the fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the truth is he really screwed you’ … well you know that familiar theme and can ad lib, insert your own words!
It’s still Obama’s party Why he won’t face a primary challenge: Republicans and racial politics. (Washington Post) [ It’s true … so right you are! Al Gore’s even pitchin’ in by donating the talents of his long lost secret love child, ‘Leslie Gore’ to pen and sing a song in wobama’s honor (kidding) which goes something like this , ‘It’s his party and he’ll cry if he wants to, cry if he wants to, cry if he wants to, you would cry too, if obama happened to you … Well, there you go … if the song says it it must be true. Yeah! And those dern republicans and their racial politics … UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black defendants and white victims' – Time to get whitey, at last, at last, etc., say holder / wobama who go on to say ‘and they ain’t talking about Whitey Bulger, the mobster, either!’

MI6 produced bogus Iraq war evidence under pressure from Downing Street Daily Mail | Iraq had long been a backwater for MI6.

NATO Massacres of Civilians Aimed at “Cleansing” the Libyan People’s Resistance Mahdi Darius Nazemroaya | Photographic evidence of NATO war crimes.

NATO urged to investigate civilian deaths during Libya air strikes Amnesty International | Amnesty International wrote to the NATO Secretary General asking for clarification on incidents in which unarmed civilians were reportedly killed.

U.S. and NATO Arming Syrian Opposition, Plan Military Strike Kurt Nimmo | Now the Iranians are reporting that NATO is sending large arms caches to Syrians resisting the al-Assad regime.

Democrats want a bolder Obama The president’s allies are getting nervous about what they see as the lack of a coherent strategy. (Washington Post) [ Well, tell it to the teleprompter. Without a head per se, at least no one could say as with ‘wobama the b’ (for b***s***) that the teleprompter was in over its head. Bolder b***s*** is still b***s***! ]

Gallup: Disapproval of Obama Ties All-Time High CNS News | American’s approval of President tied its all-time low of 42 percent.

Bristol Palin Interview Accidentally Reveals Mother's 15 Abortions www.theonion.comWASILLA, AK—Sarah Palin's political team was forced to do emergency damage control Monday after the former Alaska governor's daughter Bristol accidentally divulged on live television that her mother has undergone at least 15 abortions over the past 30 years. "She's always telling me how special I am, especially considering the five or six babies she aborted before I was born," Palin, 20, said during a CNN interview in which she was asked if she thought her mother would make a good president. "Then of course there were the twins she aborted shortly after having me, another four abortions after Willow somehow survived hers—but anyway, she's a wonderful mom. She just gets pregnant a lot and doesn't always want to have the baby." Palin also commended her mother's strength in carrying three babies with Down syndrome to term, and then even choosing not to give Trig up for adoption like the others.

Taliban who downed U.S. copter killed U.S. officials say Taliban fighters who shot down a helicopter with 30 U.S. troops were killed in airstrikes (Washington Post) [ Oh come on! The Taliban don’t even know who among them downed the u.s. killer copter! Great propaganda, ‘u.s. gi’s always get their man’. Doesn’t anyone get tired of their endless b***s*** in their end run to the end? After all, the nation is defacto bankrupt in large part as a direct consequence of these ‘military-industrio-inferiority-complex’ follies / welfare warfare programs. Then there’s the cocomitant typical skullduggery which includes inter alia:

Same ritual, a changed president This time, President Obama traveled to Dover Air Force Base to greet the remains of Americans he had ordered to Afghanistan himself. Some victims of crash are identified (Washington Post) [ Changed? I think we could all agree that despite campaign promises to the contrary, nothing’s changed; except, pervasively corrupt defacto bankrupt america is more hopelessly bankrupt and the dismal economic picture has become more dour.

“Bin Laden” Heroes Probably Murderered to Keep Them Quiet ... Gordon Duff Veterans Today

FLASHBACK: Eyewitness to OBL Raid Saw Helicopter Explode (TRANSCRIPT) [ As indicated on this albertpeia.com website, I didn’t buy the administration’s desperate and politically opportunist Osama event and still don’t buy it; and further, I believe this! ]Veterans Today | TRANSCRIPT of critical interview with Pakistani eyewitness to Bin Laden raid. Is this the key to SEAL Team 6′s demise?

“Bin Laden” Heroes Probably Murderered to Keep Them Quiet Gordon Duff Veterans Today August 7, 2011 | Some Possibly Killed in Abbottabad Helicopter Crash Months Before. [ As indicated on this albertpeia.com website, I didn’t buy the administration’s desperate and politically opportunist Osama event and still don’t buy it; and further, I believe this! ] Today 31 NATO troops, 20 of them Navy Seals from the Osama bin Laden operation died in what is reported as a helicopter crash in Afghanistan.

‘The chance of this story being true is almost nil. The chances of this being a staged coverup is over 80%. We believe these people were murdered to silence them. This is why.

We have solid information on two areas:

1. Osama bin Laden died in 2001 as an active CIA employee and his body was recovered in Afghanistan and taken to “the sand box.” We were told it was frozen. We have so much verification from this, CIA, ISI, US military and top officials. I have a direct confirmation from Bin Laden’s CIA handler who I grilled mercilessly on this.

2. The Abbottabad operation involved numerous American deaths, witnessed, bodies all over, a helicopter crash. (suppressed translated TV interview below) These bodies were recovered by land vehicle from Islamabad and there was NO “successful” bin Laden operation of any kind. There was and has been a CIA safe house in Abbotabad where terror suspects were stored for years.

This gave the US several areas of severe vulnerability. Generally, Navy Seals are the best people in the world at keeping their mouths shut, these are real team players, as the term “Seal Team” belies.

We at VT were informed that the bin Laden operation was staged at this time, a theatrical farce, to cover the exit of Secretary Gates, the move by former CIA Director Leon Panetta into the DOD as Secretary of Defense and to stem any heroic claims by new CIA Director Petraeus of killing the long dead Osama bin Laden, the long frozen CIA operative.

Petraeus is a possible presidential contender and had to be denied this “gift from heaven,” a fast track to the oval office for sure.

Again, I remind you, I went over specific meetings on bin Laden with his handlers, getting every last detail. I have watched what has gone on, the continuing need to vilify a long dead top CIA operative to provide residual cover for the Bush administration…

The reason? Bush and his cronies are all facing charges of war crimes, not just in minor jurisdictions but heading for the ICC, putting them on the dock with Gaddafi ( a far less harmful character).

As for the timing of this incident? This we will work on. What we can easily surmise is that some of the dead have been dead since their bodies were taken away from the helicopter crash site in Abbotabad.

Who would order such a thing? We are going to have to wait but we are going to find out. However, we expected this, the timing is exactly as predicted. Read full article ‘

World at War Alex Jones' Infowars: There's a war on for your mind! Veterans Today | TRANSCRIPT of critical interview with Pakistani eyewitness to Bin Laden raid. Is this the key to SEAL Team 6′s demise? ...

Deaths of SEAL Team 6 Exposed Aaron Dykes & Alex Jones | We predicted shortly after the raid on bin Laden’s compound that SEALs would soon be reported dead in a helicopter crash or staged incident following multiple reports from military sources.

SEAL Unit Supposedly Responsible for Osama Hit Killed in Copter Crash Kurt Nimmo | Is it possible the Pentagon took out the helicopter to send a message to the SEALs, just in case some of them decide (like Pat Tillman did) to tell the truth?

Questions raised by the SEAL Team 6 deaths in Afghanistan Madison Ruppert | It took minutes before the Internet was ablaze with chatter about the deaths of these American commandos.

Tea Party hypocrisy Fueled by populist anger, but hijacked by plutocrats. (Washington Post) [ Ah, sweet Mr. Milbank. His love for wobama knows no bounds. Yet, given the choice between hypocrisy and inveterate lying, assuming arguendo, Mr. Milbank’s premise to be true (doubtful and I think most would say no), most would take hypocrisy any day. By now, most have realized that at best wobama’s a b***s*** artist, and at worst, an incorrigible liar; certainly as measured by his campaign promises that got him elected, belied by his actions. If Mr. Milbank had only said the nation’s been hijacked by plutocrats to whom wobama’s paid homage, I’d certainly agree in part. After all, there has been and continues a huge wealth transfer at the expense and to the detriment of the middle class, to the substantial benefit of the ‘plutocrats’ who in america are of that small percentile criminal class for whom everyone else must (and must be) sacrifice(d), ie., the wall street frauds, military industrial complex, government contractors, etc.. And, yet another casualty … if wobama’s peace-prize is not revoked, then that ignoble nobel thing should be disbanded for lack of credibility and moral compass. Deal fails to soothe foreign critics (Washington Post) { Let’s not kid outselves! I consider Russia a rational, great nation (their painful, yet peaceful transition from their mistake is a testament to their greatness as a people / nation and Gorbachev particularly – China’s recent success is as far from communism as can be imagined) and have high regard for Putin though lamenting his youthful, albeit inherited indiscretion (kind of like that Tiger hunt which he’s now wisely disavowed) in dabbling in the failed system of communism (the great lie where everybody’s equal except some are more equal than others, ie., party members, bureaucrats, etc., kind of like america today with the addition of the plutocratic wealthy thieves, criminals, frauds, etc.). That said, most of these so-called ‘foreign critics’ fall predominantly into either of two categories; viz., ‘pots calling the kettle black’, or ‘enablers’. Putin Calls U.S. a “Parasite,” Demands New Reserve Currency Activist Post The powerless president Obama remains indecisive, and ignored, as larger forces bring down the country. Robinson: S&P downgrades the GOP (Washington Post) [ Riiiiight! It’s everything but ‘wobama the b’ (for b***s***) that’s to blame for the nation’s meltdown according to wobama aficionados / intractable wobama apologists, Messieurs Milbank and Robinson. Sweet Mr. Milbank even points to wobama’s personal character flaws (among many unmentioned) to exculpate the failed president wobama. Wobama’s failed miserably and yet had the easiest act in the world to follow in the persona of fellow failed president war criminal dumbya bush whose failed policies up to the real start of the election cycle he’s largely followed. After all, Mr. Robinson, how different really are the parties these days when profligate spending on illegal, unnecessary wars was continued when democrats controlled congress, and then even the executive office when continuing failed president and war criminal dumbya bush’s nation bankrupting, nation destroying war policies, protection for unprecedentedly huge wall street frauds, bush tax cut extensions for the wealthy, and then some (spending on top of it). Drudgereport: HARRY BELAFONTE: Obama 'has failed'...
NOONAN: 'HE IS A LOSER'...
GALLUP: 40% APPROVAL...

Obama takes debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'...

Most importantly, realize that if wobama’s actions had not belied his words/campaign promises, the nation’s position, though still ominous, would have been substantially improved.

White House turns attention to blacks Focus comes amid a growing concern that economic conditions might hamper black voter turnout. (Washington Post) [ As if we couldn’t see that coming. Yet, the ‘make-work, make-shift’ jobs already extant in the federal, state, local ‘public service’ sectors along with the otherwise unemployable at, ie., the u.s. postal service, etc., are uneconomic and overly costly (Drudgereport: Obama Economists Admit: 'Stimulus' Cost $278,000 per Job... ) at best and downright wasteful at worst, the latter being the most prevalent scenario. Moreover, despite the rhetoric, blacks will always ‘back the black’. No criteria. No analysis. ‘Back the black’ their despoiling cry. I think wobama and holder are probably more concerned with making sure the ‘black panthers’ are in full force at the polls to intimidate white voters, which racism they’ve given ‘carte blanche’, protection from prosecution … UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black defendants and white victims '. With wobama et als, the jive-talking b***s*** never ends! N.Y. bumped from foreclosure panel Iowa’s attorney general says N.Y. official “actively worked to undermine” group’s efforts in foreclosure negotiation with banks. (Washington Post) [ Yeah! No surprise here! Yet new jersey’s ‘representative’ would have been equally disingenuous in corruptly carry out his / her duties, so ‘doody-full’ are they, from there! Sen. Chuck Grassley “It doesn’t make sense that an agency responsible for investigations would want to get rid of potential evidence…’ [ Oh but it does make sense Sen. Grassley: Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ] Details of Obama’s jobs plan emerge (Washington Post) [ Oh come on! Too little, too late for ‘wobama the b’ (for b***s***), the eternal campaign(er) … he’s got a ‘good rap’ … that rapper ‘wobama the b’ (for b***s***). Really! He’s a total embarrassment out there on the campaign trail; and just as much an embarrassment for those who turn out to see him … maybe he’s somewhat of an allure as in a freak show. He’s a total joke! To be finally talking jobs and things just before the election having broken previous campaign promises in his failed role as ‘bush failure 3’. Even his pension is undeserved so much a fraud is he! Black caucus: Tired of making excuses for Obama [ They are not alone! ] Washington Examiner | A key member of the Congressional Black Caucus says they don’t pressure President Obama because he is loved by black voters. Obama ‘Takes More Vacations Than Any Human Being I’ve Ever Seen’ Fox News | “Here we have a country that really is going to hell in a handbasket.” Bus Tour Bust: Obama’s Approval Plummets Back Into 30s, Says Gallup CNS News | Obama’s politically charged but taxpayer funded bus tour through the Midwest turned into a bust yesterday. Disapproval of Congress Hits All Time High of 84%

Drudgereport: BLACK CAUCUS ON OBAMA: 'WE'RE GETTING TIRED' [ Not as tired of wobama’s b***s*** / excuses as the ‘White Caucus’ and any other Caucus – but, don’t be taken in by their b***s***; they’ll ‘back the black’ every time, regardless! ]New low of 26% approve of Obama on economy...
Inflation builds...
FOOD PRICES RISING...
UNEMPLOYMENT UP...
OBAMA TO LAY OUT JOBS PLAN -- AFTER VACATION...
'Takes More Vacations Than Any Human Being I've Ever Seen'...
Commiserates with jobless, then off to the Vineyard...

Even that italian, belafonte, isn’t buying ‘wobama brand(ed)’:

Drudgereport: HARRY BELAFONTE: Obama 'has failed'...
NOONAN: 'HE IS A LOSER'...
FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'...

Most importantly, realize that if wobama’s actions had not belied his words/campaign promises, the nation’s position, though still ominous, would have been substantially improved.

What’s Apple without Steve Jobs? Jobs has the knack of knowing what people want before they do. Can Apple stay ahead of the curve? (Washington Post) [ Without disparaging the company nor the remaining employees, what can be said of Apple with certainty in response the foregoing question is: ‘LESS’. That said, there couldn’t have been a more propitious time for the great (without even a tinge of sarcasm – among the relatively few great CEO’s in corporate history) Steve Jobs to leave. Steve Jobs resigns from Apple, Cook becomes CEO - SAN FRANCISCO (Reuters) - Silicon Valley legend Steve Jobs on Wednesday resigned as chief executive of Apple Inc in a stunning move that ended his 14-year reign at the technology giant he co-founded i... [ Far more than just a ‘Silicon Valley legend’, Steve Jobs literally saved Apple from extinction … I’m truly glad he saved Apple, my first computer (1986 - apple IIc for word processing / data based records / forms / templates / data which I interfaced with an electric typewriter for letter quality) and for that all should be thankful. Apple is the Nasdaq (40% weighting) and quite more, that now was! That’s past tense. Steve Jobs goes out a big winner as indeed he should! Yet, make no mistake, as one might expect, his timing was impeccable inasmuch as without his uniquely inspired innovation, competition moving in, and particularly the coming debacle / crisis the worst of which lies ahead, things are not looking up, in and for pervasively corrupt / defacto bankrupt america particularly, euphemistically speaking. ] End Of Cycle Smelling Like Dow 3K, Gold 3K Forbes / Bill Bonner … ‘Our view [ the correct view ] is that the bear market began in January 2000. The feds fought it off with two huge extravaganzas of spending — the first beginning in 2001 the other after 2008. Stimulus does wonders for stock prices but it no longer works for the economy that sustains them. For every dollar that the Fed has put to work to fight the crisis since 2008, for example, it has produced only 80 cents worth of GDP. It didn’t work……that the recession of ’08-’09 in the US never actually ended……and that stocks will go down over the next 5-10 years until they finally hit a real bottom…’

Robinson: King’s dream remains unrealized (Washington Post) [ Yeah! That ‘content of their character’ thing’s a b***ch to live up to … just don’t measure up! What’s a white person to do, especially when black atty. General Holder with fellow black Obama’s tacit approval is racist himself (themselves) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black defendants and white victims '. Drudgereport: 'Mob' beatings at WI state fair...
'Hundreds of young black people beating white people'... [ Typical… ]
Fairgoers 'pulled out of cars'...
'They were just going after white people'...
Heightened security...

[ .. (the following incident is my personal experience: black perps, white victims)‘.. while walking through Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion (limbic system / adrenalin flow) I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped / a crowd gathered / an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA’s position with both felonies ( he went to prison – pled out ). The other case I wrote about here ( This was included on my website in the Psychology forum discussion of ‘bystander effect’ / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparently had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp (a police officer here in California was the object of intense criticism for having used a flashlight to subdue a criminal after a long chase so I included that here) . The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal went to jail (where they belong). The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so. I was also mugged by 4 blacks and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). ]

Banks are dimming Europe’s outlook Still restructuring after the 2008 crisis, euro-zone banks face new concern about their stability. (Washington Post) [ And not just europe’s outlook … How stable is the banking industry?. (Washington Post) [ Not too! … as if anyone should need remindin’! After all, a depression is that ‘lowering tide that grounds all boats’ (the converse of that word picture I like to use in analysis of securities wherein focus on the macro environment, the economy, the largest aggregate enhances your probabilities of success on the theory / cliché ‘a rising tide lifts all boats’. Clearly, simplistic wisdom that is true.) The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is Insane The Wall Street Journal , Welcome To The New Bear Market For Stocks Forbes / Suttmeier , Dow/Gold Ratio Lowest Since 1987 Crash Forbes / Adrian Ash , Ignore Buffett's Advice, Don't Buy Stocks Forbes / Dohmen , The "Crimes" That Wrecked The Markets Forbes / Lenzner , Tech Leading Market Lower The Wall Street Journal , Banks closed in Fla, Ga, Ill; 2011 total is 68 , No Recession Coming ... It's Already Here Previous:8-18-11 Stocks rally off lows to suck suckers in and keep suckers sucked in on bad news (Jobless Claims, Inflation Rise More Than Expected CNBC) , fraud ( SEC destroyed documents, senator says Crimes Wrecked The Markets ), and b***s*** alone! MKM Bracing For SPY To Drop 8% More; Nasdaq Nearing August Lows Barrons.com, WHY NEW LOWS ARE LIKELY 8-18-11 Maierhofer, Is It 2008 Again? Looking at the Summer Crash of 2011 Gayed ‘A real bear market has begun …’ , Abandon Ship?[The USS Titanic] Yes, Because of These 5 Bearish Icebergs ... McGill , There's A Recession Coming According To The Data

Report: DOJ investigating S&P's mortgage securities ratings Associated Press The Justice Department is investigating whether the agency improperly rated dozens of mortgage securities in the years leading up to the financial crisis. (Washington Post) [ There you go … the retaliation … the long awaited payback (quid pro quo witheld) for long overdue downgrade. They should be investigating themselves, the SEC ( SEC destroyed documents, senator says ), among numerous other fraudulent, illegal schemes, activities. 3 Top Crooks Still Roaming Free After the Economic Crash Wall St. Cheat Sheet  ‘The global economy and stock markets took a nose dive in 2008. But that hasn’t stopped some of the biggest masterminds from escaping a day of luxury…’ The "Crimes" That Wrecked The Markets Forbes / Lenzner , SEC accused of destroying files Former agency official says SEC violated federal law by destroying records of enforcement cases in which it decided not to file charges. (Washington Post) [ Duh, ya think? The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! SEC destroyed documents, senator says 17 Aug 2011 ‘The Securities and Exchange Commission may have destroyed documents and compromised enforcement case ... Grassley: Agency may have got rid of Goldman, Madoff documents Ronald D. Orol, MarketWatch WASHINGTON (MarketWatch) — The Securities and Exchange Commission may have destroyed documents and compromised enforcement cases involving activity at large banks and hedge funds during the height of the financial crisis in 2008, according to allegations made by a lawmaker on Wednesday. “From what I’ve seen, it looks as if the SEC might have sanctioned some level of case-related document destruction,” said Sen. Chuck Grassley, Republican of Iowa, in a letter to the agency’s chairman, Mary Schapiro. Sen. Chuck Grassley “It doesn’t make sense that an agency responsible for investigations would want to get rid of potential evidence. If these charges are true, the agency needs to explain why it destroyed documents, how many documents it destroyed over what timeframe, and to what extent its actions were consistent with the law.” Agency staff “destroyed over 9,000 files” related to preliminary agency investigations, according to a letter sent in July to Grassley, the top Republican on the Senate Judiciary Committee, and obtained by MarketWatch. The allegations were made by SEC enforcement attorney, Darcy Flynn, in a letter to Grassley. Flynn is a current employee, and according to the letter, received a bonus for his past year’s work. Flynn alleges the SEC destroyed files related to matters being examined in important cases such as Bernard Madoff and a $50 billion Ponzi scheme he operated as well as an investigation involving Goldman Sachs Group Inc. GS +0.33%   trading in American International Group credit-default swaps in 2009. Flynn also alleged that the agency destroyed documents and information collected for preliminary investigations at Wells Fargo & Co. WFC +1.34% , Bank of America Corp. BAC +0.81% , Citigroup C +0.13%  , Credit Suisse CS +0.38%  , Deutsche Bank DB +0.79%  Morgan Stanley MS -0.06%  and the now-bankrupt Lehman Brothers. The letter goes into particular detail about Deutsche Bank, the former employer of current SEC enforcement chief Robert Khuzami as well as former enforcement chiefs Gary Lynch and Richard Walker…’ Sen. Chuck Grassley “It doesn’t make sense that an agency responsible for investigations would want to get rid of potential evidence…’ [ Oh but it does make sense Sen. Grassley: Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ]

Report: DOJ investigating S&P's mortgage securities ratings Associated Press The Justice Department is investigating whether the agency improperly rated dozens of mortgage securities in the years leading up to the financial crisis. (Washington Post) [ There you go … the retaliation … the long awaited payback (quid pro quo witheld) for long overdue downgrade. They should be investigating themselves, the SEC ( SEC destroyed documents, senator says ), among numerous other fraudulent, illegal schemes, activities. The "Crimes" That Wrecked The Markets Forbes / Lenzner 3 Top Crooks Still Roaming Free After the Economic Crash Wall St. Cheat Sheet  ‘The global economy and stock markets took a nose dive in 2008. But that hasn’t stopped some of the biggest masterminds from escaping a day of luxury… The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is Insane The Wall Street Journal , Welcome To The New Bear Market For Stocks Forbes / Suttmeier , Dow/Gold Ratio Lowest Since 1987 Crash Forbes / Adrian Ash , Ignore Buffett's Advice, Don't Buy Stocks Forbes / Dohmen , The "Crimes" That Wrecked The Markets Forbes / Lenzner , Tech Leading Market Lower The Wall Street Journal , Banks closed in Fla, Ga, Ill; 2011 total is 68 , No Recession Coming ... It's Already Here Previous:8-18-11 Stocks rally off lows to suck suckers in and keep suckers sucked in on bad news (Jobless Claims, Inflation Rise More Than Expected CNBC) , fraud ( SEC destroyed documents, senator says Crimes Wrecked The Markets ), and b***s*** alone! MKM Bracing For SPY To Drop 8% More; Nasdaq Nearing August Lows Barrons.com, WHY NEW LOWS ARE LIKELY 8-18-11 Maierhofer, Is It 2008 Again? Looking at the Summer Crash of 2011 Gayed ‘A real bear market has begun …’ , Abandon Ship?[The USS Titanic] Yes, Because of These 5 Bearish Icebergs ... McGill , There's A Recession Coming According To The Data at Forbes , HP, Dell hammered as tech-spending outlook darkens JDSU, NetApp, disappointing figures, shares hit hard in after-hours trade Dell braces investors for a bumpy road Dell makes a case on why it can better weather an upcoming storm , S&P says sell Google's shares after Motorola deal , STOCKS FALL AFTER FLOOD OF BAD NEWS: Here's What You Need To Know Joe Weisenthal , Stocks Slip On Concern Over Europe's Debt, U.S. Data , Watch Out: 2011 Looks A Lot Like The Market Top In 2007 Sean Hanlon Take A Lesson From 2007 And Sell Stocks Now at Forbes, [video] Trader: We Could Test 1120 Lows at TheStreet.com In a Downtrend, Sell a Rally (Daily FX) Latest: Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. Famed economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50% unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com) Five Reason Stocks Are Crashing, Tips to Prepare for Meltdown (Moneynews) Unthinkable Poised to Happen on Wall Street. See Disturbing Charts. (Newsmax.com) US Recession Is Guaranteed: Expert CNBC.com

SHARE YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:

The following is my comment to an LA Times article regarding a Justice Department cover-up! As for your inquiry, all I think about day and night is a long overdue resolution to the RICO litigation as set forth therein:

ATF Chief Melson:Justice Department trying to shield officials (LATimes) Serrano

I believe him!

 I truly empathize with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu:   Died February 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]

Here’s some real, complicit cover-up / fraud on the part of the federal government, et als:

October 15, 2010 (*see infra {ultimately delivered by UPS})

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700

Los Angeles, CA 90024

Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case  RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages)      [  ricosummarytoFBIunderpenaltyofperjury.pdf   http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf          ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as     fbicorrespondencereyes.htm     .   With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the    RICO VERIFIED COMPLAINT    (see infra). Such includes and as set forth in the case, inter alia,

A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..

Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.

The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages:   [  Shiff Order of Dismissal With Prejudice on Coan’s Failure to File        Page 1                Page 2          ]

Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [   transcript in pertinent part -     http://albertpeia.com/crossexamofcoanbypeia.pdf    ]

Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.

Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.],   Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.

Sincerely,

Albert L. Peia

611 E. 5^th Street, #404

Los Angeles, CA 90013

(213) 219-**** (cell phone)

(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651 -magic jack}

                       ----------

*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]

http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime  Washington’s Blog / the grim economic reality   [  http://albertpeia.com/grimreality.htm

CRIME STATS(u.s.No.1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

http://www.albertpeia.com

Sincerely and Regards,

Al Peia

U.S. stocks end volatile week in the red (Washington Post) [The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is Insane The Wall Street Journal , Welcome To The New Bear Market For Stocks Forbes / Suttmeier , Dow/Gold Ratio Lowest Since 1987 Crash Forbes / Adrian Ash , Ignore Buffett's Advice, Don't Buy Stocks Forbes / Dohmen , The "Crimes" That Wrecked The Markets Forbes / Lenzner , Tech Leading Market Lower The Wall Street Journal , Banks closed in Fla, Ga, Ill; 2011 total is 68 , No Recession Coming ... It's Already Here Previous:8-18-11 Stocks rally off lows to suck suckers in and keep suckers sucked in on bad news (Jobless Claims, Inflation Rise More Than Expected CNBC) , fraud ( SEC destroyed documents, senator says Crimes Wrecked The Markets ), and b***s*** alone! MKM Bracing For SPY To Drop 8% More; Nasdaq Nearing August Lows Barrons.com, WHY NEW LOWS ARE LIKELY 8-18-11 Maierhofer, Is It 2008 Again? Looking at the Summer Crash of 2011 Gayed ‘A real bear market has begun …’ , Abandon Ship?[The USS Titanic] Yes, Because of These 5 Bearish Icebergs ... McGill , There's A Recession Coming According To The Data at Forbes , HP, Dell hammered as tech-spending outlook darkens JDSU, NetApp, disappointing figures, shares hit hard in after-hours trade Dell braces investors for a bumpy road Dell makes a case on why it can better weather an upcoming storm , S&P says sell Google's shares after Motorola deal , STOCKS FALL AFTER FLOOD OF BAD NEWS: Here's What You Need To Know Joe Weisenthal , Stocks Slip On Concern Over Europe's Debt, U.S. Data , Watch Out: 2011 Looks A Lot Like The Market Top In 2007 Sean Hanlon Take A Lesson From 2007 And Sell Stocks Now at Forbes, [video] Trader: We Could Test 1120 Lows at TheStreet.com In a Downtrend, Sell a Rally (Daily FX) Latest: Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. Famed economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50% unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com) Five Reason Stocks Are Crashing, Tips to Prepare for Meltdown (Moneynews) Unthinkable Poised to Happen on Wall Street. See Disturbing Charts. (Newsmax.com) US Recession Is Guaranteed: Expert CNBC. Harry Dent, Jr. Economy will be in a Depression by 2011
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest.
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). Dow 1000? Robert Prechter Thinks So Prechter Reiterrates Call For Dow 1,000, Even As Surging Gold And Plunging Dollar Leave Much Credibility To Be Desired Bulls Go to Extremes: Don't Buy the "Breakout", Sell It, Prechter Says Russell: This Is One Of The Largest Tops In Stock Market History My old friend, Bob Prechter, is talking about Dow 400. I used to think this was an absurd joke. I no longer think it’s a joke. The ultimate result will be a primary bear market shocking in duration and extent. …’ Forecasts from Dent, Napier, and then Prechter: Depression is Imminent The Dow Jones Industrial Average will go down to at least 1000, most likely to below 777 which was the starting point of its mania back in August 1982, and quite likely drop below 400 at one or more times during the bear market. [ 8 More Reasons Why You Should Be Deeply Concerned That The U.S. Government Has Lost Its AAA Credit Rating The Economic Collapse ‘… #8 The U.S. national debt continues to get worse by the day.  Just check out what economics professor Laurence J. Kotlikoff recently told NPR….“If you add up all the promises that have been made for spending obligations, including defense expenditures, and you subtract all the taxes that we expect to collect, the difference is $211 trillion. That’s the fiscal gap” ..’ Why You Shouldn't Buy Into This Plunge Forbes/O'Neil‘The market is building momentum to the downside’.]

Moody’s managers pressured analysts, former executive says Credit-rating agency has been criticized for giving high grades to dubious investments. Now one of its own is leading the criticism. SEC purged documents without authorization Report: DOJ investigating S&P's mortgage securities ratings Associated Press The Justice Department is investigating whether the agency improperly rated dozens of mortgage securities in the years leading up to the financial crisis. (Washington Post) [ There you go … the retaliation … the long awaited payback (quid pro quo witheld) for long overdue downgrade. They should be investigating themselves, the SEC ( SEC destroyed documents, senator says ), among numerous other fraudulent, illegal schemes, activities. 3 Top Crooks Still Roaming Free After the Economic Crash Wall St. Cheat Sheet  ‘The global economy and stock markets took a nose dive in 2008. But that hasn’t stopped some of the biggest masterminds from escaping a day of luxury…’ The "Crimes" That Wrecked The Markets Forbes / Lenzner , SEC accused of destroying files Former agency official says SEC violated federal law by destroying records of enforcement cases in which it decided not to file charges. (Washington Post) [ Duh, ya think? The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! SEC destroyed documents, senator says 17 Aug 2011 ‘The Securities and Exchange Commission may have destroyed documents and compromised enforcement case ... Grassley: Agency may have got rid of Goldman, Madoff documents Ronald D. Orol, MarketWatch WASHINGTON (MarketWatch) — The Securities and Exchange Commission may have destroyed documents and compromised enforcement cases involving activity at large banks and hedge funds during the height of the financial crisis in 2008, according to allegations made by a lawmaker on Wednesday. Sen. Chuck Grassley “It doesn’t make sense that an agency responsible for investigations would want to get rid of potential evidence…’ [ Oh but it does make sense Sen. Grassley: Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ]

Experts: Recovery might take a while If this crisis follow the pattern of similar ones, it may be one of the most difficult in U.S. history. (Washington Post) [ Duh! Ya think! Dow/Gold Ratio Lowest Since 1987 Crash Forbes Adrian Ash ‘Today’s gold buyers might still get to look early birds as this depression wears on… GROWTH or defense…stocks or gold? Intra-day noise aside in summer 2011, Mr.Market’s choice looks plain.

The Dow/Gold Ratio – a measure of the U.S. stock market’s valuation in ounces of gold – has sunk as equities have plunged but gold prices have jumped so far this summer.

Dropping through 6.0 ahead of Friday’s New York opening, the Dow/Gold Ratio hasn’t been this low since early 1989, back when world equity markets were recovering from the Great Crash of Black Monday 1987.

http://goldnews.bullionvault.com/files/DowGoldviii11.png

That slump itself had taken the Dow/Gold Ratio all the way down to 3.6, with gold prices rising to nearly $500 per ounce as the Wall Street index sank to 1776 points. Growth, of course, was only taking a pause in late 1987 – a quick breather before the real race to perfection of the late 1990s. Today, in contrast, the Dow/Gold Ratio could still go a lot further down. Or so says history.

Trading a little over its century-long average of 10.0 today, the ratio bottomed during the 1930s Great Depression at just below 2.0 ounces of gold for one Dow unit. At the nadir of the next global depression – the inflationary depression of the early 1980s – the Dow/Gold Ratio sank even lower, down to 1.0.

Whatever flavor of depression we’ve got at the start of this decade – and it is a depression, as Western jobs data continue to show and as the Dow/Gold yardstick will confirm if it goes much lower (keep an eye on the underperformance of gold mining equities, too) – a growing flow of private savings is choosing defense in gold bullion rather than choosing business-risk in listed stocks.

That choice might sound self-fulfilling if you work in psychiatry or government, a kind of “clinical disorder” open to curing with medication, zero interest rates or perhaps a third round of quantitative easing – most likely aimed at risk assets, we guess, rather than the “risk free” Treasury bonds targeted by QE1 and QE2 – and which institutional investors are all-too keen to hold anyway.

So far, however, investors choosing to buy gold only account for a tiny portion of the money fleeing equities.

From here to a true depression low in Dow/Gold (if such a level is reached), today’s gold buyers will need to find many more friends. They’d also look early-birds compared with the rush out of stocks – and into gold – needed to reach that 2.0 or 1.0 mark.’

BlogPost : Jon Stewart attacks Fox 'class warfare' ...Warren Buffett (Nati Harnik/AP) After Warren Buffett’s New York Times Op-ed called for a tax on the.. (Washington Post) [Ignore Buffett's Advice, Don't Buy Stocks at Forbes Bert Dohmen [ Yeah … this is really good advice. As a shill for fraudulent wall street, they may have given him some ‘stellar performances and cash to boot’; but, the homespun bumpkin senile buffet’s analytical abilities, if ever really extant, have certainly passed the point of no return. You may recall how the clintons, with a mere $1,000 or so, were revealed as ‘commodities trading wizards’ (turned into in excess of $100,000 or so), but as written up in the Wall Street Journal ‘someone was giving them money’. In fairness, that they were singled out (was) is a bit arbitrary inasmuch as that’s going on all the time on wall street, and now with greater precision owing to greater computer programming capabilities, to everyone else’s detriment. Remember, in a manner of speaking, there are two sides to every trade, viz., winner and loser (in relative terms).] ‘The markets plunged going into August 8. On that day, the DJI closed with a loss of 629 points. My indicators signaled that a brief bounce would commence the next day. According to the charts, the first target for the S&P 500 was 1205. The target was hit exactly a few days later. That was followed by a renewed plunge.

I have been looking for a serious crisis to start in September. It appears that we have seen the prelude for that. The big smart money has been preparing for the past five months.You can see the “distribution pattern” on the charts since mid-February. The rush to the exits is now accelerating and the smart money has been selling short in large amounts.

The extreme bullish sentiment that prevailed until the latest plunge was first replaced by complacency, then by concern. However, the “fear” stage is still missing, except at hedge funds that were forced to sell because of margin calls. In fact, during the severe plunge in the first week of August, investment investors became even more bullish according to Investorsintelligence.com. That is not good for the markets.

The market negatives are increasing in numbers. The IPO window is now shut. There are signs that credit is once again vanishing. Loans are being called in, some companies appear to have difficulties rolling over their Commercial Paper, junk bonds yields are soaring, European banks may stop lending to each other, and the European crisis is spreading out across the globe. It’s my view that this will cause another credit crisis, just as in 2008.

What’s worse is that contrary to 2008, the big players learned to read the signs from their 2008 mistakes. They are now wide awake, although in the media, their minions still repeat the same bullish fairy tale. This means that this crisis could develop much faster than the last one. (Read my book, Financial Apocalypse, which is the 2008 roadmap, one which can be used very well for what is now happening.)

The words “possible recession” suddenly is being mentioned a lot in the media, although economists still strongly deny that possibility. Our rule is that the stronger their denials, the more certain and the deeper the recession will be. In fact, I declared in our May 9 issue of the Wellington Letter that the recession had started.

Morgan Stanley lowered its global GDP growth forecasts for 2012 from 4.5% to 3.8%. My forecast is for 1%-2% or less. It would be negative growth except for the fudged inflation numbers.

The European politicians are not any smarter than those in the U.S. Merkel and Sarkozy had a meeting in Paris and did nothing. That day I called the outcome “Disastrous” for the markets. It took the markets a day to digest the consequences and then the selling avalanche started. Many of the markets in Europe, led by the banks stocks, went into virtual free falls, losing from 4%-7% in one day. Such losses indicate an approaching crisis.

Now we see some of the well-known Wall Street figures appearing in the media, telling investors all the reasons why stocks are a good buy. One appeared with a long list of bullish factors. Well, that list didn’t prevent the global stock market from losing an incredible $6 trillion over the past several weeks. He did the same cheerleading on national TV in 2007 before investors lost 50% of their wealth.

Warren Buffett is also once again the cheerleader saying he is buying stocks. He did that in 2007-2008 as well, and then the meltdown started later in 2008.

I would not fall for this self-serving advice. Words cannot rescind a recession that we already have, it cannot stop the insolvency of entire countries in Europe, it can’t change the fact that major profit downgrades will appear soon, and it can’t stop the China crisis that is now starting.

Gold is soaring, but the mining stocks look terribly weak. There is great danger now with the gold stocks getting hit hard by less developed countries, including South Africa, to nationalize gold mines. This is too lucrative for them to resist.

I would get out of all money market funds unless they are “U.S. government only.”  The MMFs have big exposure to European banks. We believe that lending between banks in Europe may seize, which means that the whole structure will start shaking. You will start hearing the word “contagion.”

In my opinion, the danger period is approaching. What we have seen until now is just a “preview.” The main feature is likely to be worse.

Bert Dohmen is editor of Bert Dohmen’s Wellington Letter and author of Prelude To Meltdown (2007) and Financial Apocalypse (2011).’

Banks still struggling, despite bailout (Washington Post) [ Yeah … that’s the way it is for banks in the midst of recession / depression / economic decline! The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! What changed from yesterday which warranted a more than 600 point plunge with paper stocks still over-valued and a 545 bounce off of afternoon lows? Nothing! Absolutely nothing, yet a manipulated computer-programmed churn-and-earn suckers’ rally based on fraud and b***s*** alone to keep suckers suckered, which makes for an especially great opportunity to sell / take profits since there’s much, much worse to come! Famed economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50% unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com) [ The instant video on the economic / financial collapse from Stansberry and Associates is so well researched and succinctly presented that I’ve archived same on my website; also, because the facts and views presented comport with the facts and views I’ve presented on my site which I believe to be correct. This is a must-view, must-see that I strongly recommend!
The complete url: http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ( 146mb – approx. 1 hr. 17 min. ) http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 ( 374mb ) Written text of presentation (without pictures / charts)] [A lot of pre-election year obfuscation, manipulation but the debacle is already here: Harry Dent, Jr. Economy will be in a Depression by 2011
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest.
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012

Dollar down against major currencies Global investors are becoming antsy about the dollar’s role as the currency at the core of the world’s financial system. (Washington Post) [ Antsy? At this point, if it was only just ‘antsy’ there’d be room to hope. Despite the understatement, this is now way beyond ‘antsy’. Reality counts! For first time, U.S. credit rating cut from AAA Standard & Poor’s announces that it has downgraded U.S. government debt to AA+, dealing a huge symbolic blow to the world’s economic superpower in what was a sharply worded critique of the American political system. (Washington Post) [ Come on! Let’s get real here! Symbolic? If it were only that. If it were only the american political system, there’d at least be a plausible reason for hope, albeit futile even at that. Indeed, pervasively corrupt, defacto bankrupt america, literally causing destruction domestically and internationally, is a testament to the failure of the american system generally, or more specifically what it has devolved into. Whatever america was and purports to be, it certainly doesn’t take a PhD in Poli Sci to know, ‘it ain’t that no more’. Moreover, the ‘genie’s out of the bottle’ and try as they may, like ‘trying to put toothpaste back in the tube’, or ‘unringing the bell’, perceptions of america will never be the same in the most negative but realistic and factual sense; that is, beyond the propaganda, efforts at censorship, and spin. Those ‘propaganda dogs don’t hunt no more.’ I can further say that in america, by close observation and direct experience (with more than sufficient representative sampling), I’ve seen and experienced the worst of human nature; behavior so egregious so as to defy any known norms of civilized behavior. Quite simply, there is no excuse for america! Deficits And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in entitlement programs the US is actually in worse financial shape than Greece and other debt-laden European countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total federal spending in 2010 amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while other estimates exceed $100 trillion (these amounts are insurmountable) …’ America’s shine is wearing off

The powerless president Obama remains indecisive, and ignored, as larger forces bring down the country. Robinson: S&P downgrades the GOP (Washington Post) [ Riiiiight! It’s everything but ‘wobama the b’ (for b***s***) that’s to blame for the nation’s meltdown according to wobama aficionados / intractable wobama apologists, Messieurs Milbank and Robinson. Sweet Mr. Milbank even points to wobama’s personal character flaws (among many unmentioned) to exculpate the failed president wobama. Wobama’s failed miserably and yet had the easiest act in the world to follow in the persona of fellow failed president war criminal dumbya bush whose failed policies up to the real start of the election cycle he’s largely followed. After all, Mr. Robinson, how different really are the parties these days when profligate spending on illegal, unnecessary wars was continued when democrats controlled congress, and then even the executive office when continuing failed president and war criminal dumbya bush’s nation bankrupting, nation destroying war policies, protection for unprecedentedly huge wall street frauds, bush tax cut extensions for the wealthy, and then some (spending on top of it). Drudgereport: HARRY BELAFONTE: Obama 'has failed'...
NOONAN: 'HE IS A LOSER'...
GALLUP: 40% APPROVAL...

Obama takes debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'...

Most importantly, realize that if wobama’s actions had not belied his words/campaign promises, the nation’s position, though still ominous, would have been substantially improved.

A win for opponents of SEC’s new rules Court decision could spell trouble for the agency as it puts in place some of the most far-reaching financial regulations in years. (Washington Post) [ Oh come on! The biggest frauds in the multi-trillions have been hands off despite the campaign promises to the contrary. The u.s. courts are so corrupt, it’s doubtful they’d rule against ‘the big money’. That they don’t understand the economics / finance is irrelevant to them; as is also so of the law and the facts which they probably understand but ignore anyway. The most important consideration should be what is obvious to all; viz., that the way things were not only facilitated the fraudulent schemes that have brought down the nation, but will continue prospectively as the frauds on wall street have been emboldened by the lack of enforcement / prosecution. That said, there’s corruption thoughout the ranks of the pervasively corrupt american government. . Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm

CRIME STATS(u.s.No.1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Rubin: Fed to the country: the economy stinks

‘…information received since the Federal Open Market Committee met in June indicates that economic growth so far this year has been considerably slower than the Committee had expected. Indicators suggest a deterioration in overall labor market conditions in recent months, and the unemployment rate has moved up.The report adds: “The Committee now expects a somewhat slower pace of recovery over coming quarters than it did at the time of the previous meeting and anticipates that the unemployment rate will decline only gradually toward levels that the Committee judges to be consistent with its dual mandate.”

(Washington Post) [ As if we didn’t know and needed them to tell us. Don’t forget, this pre-election year is as good as it gets; yet is as dismal as can be imagined with substantially worse to follow. Dual Mandate? I’m surprised they had the audacity to use the term. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! What changed from yesterday which warranted a more than 600 point plunge with paper stocks still over-valued and a 545 bounce off of afternoon lows? Nothing! Absolutely nothing, yet a manipulated computer-programmed churn-and-earn suckers’ rally based on fraud and b***s*** alone to keep suckers suckered, which makes for an especially great opportunity to sell / take profits since there’s much, much worse to come! Famed economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50% unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com)

What can the Federal Reserve do? With the U.S. economy at risk of a double-dip recession, the central bank lacks tools to do anything. (Washington Post) [ Oh I’d say they’ve done quite enough … wouldn’t you? … Is Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This catering to fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan and failed miserably except for the frauds on wall street who commissioned up and down; and, make no mistake, those computer-programmed high-frequency trading volumes have now been maximized for nation-economy-draining profits for the frauds like never before and have never been higher. The QE and dollar-debasement policies were always predictably inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that was but in reality good only for the frauds on wall street. No, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone else’s expense including main street. ] In his June 7 speech, Fed Chairman Ben Bernanke stated, “the best way for the Federal Reserve to support the fundamental value of the dollar in the medium term is to pursue our dual mandate of maximum employment and price stability, and we will certainly do that.”

.. Bernanke’s results .. since Ben took the reins:

Feb ’06 – April ’11

Items in a Typical Budget	% Change
Food and Beverages	16.54%
Water and sewer and trash collection services	31.88%
Rent of primary residence	13.82%
Housing	8.68%
Fuels and Utilities	11.93%
Apparel	4.83%
Medical Care	20.11%
Gasoline (all types)	65.12%
Transportation	23.36%
Tuition, other school fees, and childcare	29.28%
Recreation	2.87%

 ..  The standard unemployment rate most often used by the Fed is currently at 9.1%, up 90% since Bernanke started.  The more inclusive (realistic) U6 number stands at 15.8%, up 75% in the same period.  The Civilian Participation Rate has declined 2.87% to 64.2%.

This is the lowest level the U.S. has seen since March, 1984.  The decline amounts to 8,946,844 fewer Americans in the labor force.  Had they not dropped out because of a lack of jobs, the “official” unemployment rate would be significantly higher.  While we can debate the meaning of the term maximum employment, it is clear that the jobs data has deteriorated considerably since Bernanke took the reins at the Fed.  ..

In conclusion, it is evident that Ben Bernanke is failing his mandates.  We believe it must come down to one of the following reasons:

1.       Bernanke does not know how to achieve his mandates;

2.       The policy tools employed don’t work;

3.       He does not have the ability to implement policies that would work;

4.       He is not trying to achieve his mandates;

5.       He has goals other than his legal mandates;

6.       He does not look at the data, and believes he is succeeding.

Matt Marcewicz &  Robert Barone, Ph.D.

.. ‘

Obama plans to preserve federal mortgage role The president’s decision to preserve a major role for the government marks a big milestone in the effort to craft a new housing policy from the wreckage of the mortgage meltdown. (Washington Post) [ Oh yeah! You can count on the government! Whew! Close call! Nothing to worry about now with the government on the job! A win for opponents of SEC’s new rules Court decision could spell trouble for the agency as it puts in place some of the most far-reaching financial regulations in years. (Washington Post) [ Oh come on! The biggest frauds in the multi-trillions have been hands off despite the campaign promises to the contrary. The u.s. courts are so corrupt, it’s doubtful they’d rule against ‘the big money’. That they don’t understand the economics / finance is irrelevant to them; as is also so of the law and the facts which they probably understand but ignore anyway. The most important consideration should be what is obvious to all; viz., that the way things were not only facilitated the fraudulent schemes that have brought down the nation, but will continue prospectively as the frauds on wall street have been emboldened by the lack of enforcement / prosecution. That said, there’s corruption thoughout the ranks of the pervasively corrupt american government. . Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm

CRIME STATS(u.s.No.1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Poll: Sharp dissatisfaction with D.C. The public doubts the government can fix the nation’s economic problems, Post poll shows. An unlikely landlord: Uncle Sam (Washington Post) [ No surprise there (the doubts)! Uncle Scam as landlord? Sounds like a typical scam / fiasco / debacle in the making! Add limey (brits)-looking (green) frogs (french) to the mix(ed up) in the pervasively corrupt defacto bankrupt disunited states Italy unveils plan to calm fears of escalating crisis (Washington Post) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still got problems. Europe’s debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it here except the punch line): ‘That’s black bart’s girl’. Pelosi: ‘We are not Greece’ ( but greecy Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close call! There you go. Nothing to worry about now that wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Deficits And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in entitlement programs the US is actually in worse financial shape than Greece and other debt-laden European countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total federal spending in 2010 amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while other estimates exceed $100 trillion (these amounts are insurmountable) …’ Famed economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing to political desperation

Economy central as Obama starts tour With some of his harshest words yet, president criticizes GOP candidates on taxes, debt. (Washington Post) [ The eternal campaign(er) … he’s got a ‘good rap’ … that rapper ‘wobama the b’ (for b***s***). Is Obama’s fate written in numbers? Recent economic data amounts to a formidable headwind for any incumbent president hoping for a second term. And Democrats worry time is running out. (Washington Post) [ Let’s just say the fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the truth is he really screwed you’ … well you know that familiar theme and can ad lib, insert your own words!
It’s still Obama’s party Why he won’t face a primary challenge: Republicans and racial politics. (Washington Post) [ It’s true … so right you are! Al Gore’s even pitchin’ in by donating the talents of his long lost secret love child, ‘Leslie Gore’ to pen and sing a song in wobama’s honor (kidding) which goes something like this , ‘It’s his party and he’ll cry if he wants to, cry if he wants to, cry if he wants to, you would cry too, if obama happened to you … Well, there you go … if the song says it it must be true. Yeah! And those dern republicans and their racial politics … UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black defendants and white victims' – Time to get whitey, at last, at last, etc., say holder / wobama who go on to say ‘and they ain’t talking about Whitey Bulger, the mobster, either!’

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Robinson: Obama won the Iowa Straw Poll (Washington Post) [ Oh riiiiight! What, on the theory that so long as you don’t hear wobama the b’s (for b***s***) words which invariably belie his actions or non-actions, it’ a victory for wobama? I don’t think so; nor does the overwhelming, including the unpolled, majority! Is Obama’s fate written in numbers? Recent economic data amounts to a formidable headwind for any incumbent president hoping for a second term. And Democrats worry time is running out. (Washington Post) [ Let’s just say the fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the truth is he really screwed you’ … well you know that familiar theme and can ad lib, insert your own words!
It’s still Obama’s party Why he won’t face a primary challenge: Republicans and racial politics. (Washington Post) [ It’s true … so right you are! Al Gore’s even pitchin’ in by donating the talents of his long lost secret love child, ‘Leslie Gore’ to pen and sing a song in wobama’s honor (kidding) which goes something like this , ‘It’s his party and he’ll cry if he wants to, cry if he wants to, cry if he wants to, you would cry too, if obama happened to you … Well, there you go … if the song says it it must be true. Yeah! And those dern republicans and their racial politics … UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black defendants and white victims' – Time to get whitey, at last, at last, etc., say holder / wobama who go on to say ‘and they ain’t talking about Whitey Bulger, the mobster, either!’ The powerless president Obama remains indecisive, and ignored, as larger forces bring down the country. Robinson: S&P downgrades the GOP (Washington Post) [ Riiiiight! It’s everything but ‘wobama the b’ (for b***s***) that’s to blame for the nation’s meltdown according to wobama aficionados / intractable wobama apologists, Messieurs Milbank and Robinson. Sweet Mr. Milbank even points to wobama’s personal character flaws (among many unmentioned) to exculpate the failed president wobama. Wobama’s failed miserably and yet had the easiest act in the world to follow in the persona of fellow failed president war criminal dumbya bush whose failed policies up to the real start of the election cycle he’s largely followed. After all, Mr. Robinson, how different really are the parties these days when profligate spending on illegal, unnecessary wars was continued when democrats controlled congress, and then even the executive office when continuing failed president and war criminal dumbya bush’s nation bankrupting, nation destroying war policies, protection for unprecedentedly huge wall street frauds, bush tax cut extensions for the wealthy, and then some (spending on top of it). Drudgereport: HARRY BELAFONTE: Obama 'has failed'...
NOONAN: 'HE IS A LOSER'...
GALLUP: 40% APPROVAL...

Obama takes debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'...

Most importantly, realize that if wobama’s actions had not belied his words/campaign promises, the nation’s position, though still ominous, would have been substantially improved.

http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Is Obama’s fate written in numbers? Recent economic data amounts to a formidable headwind for any incumbent president hoping for a second term. And Democrats worry time is running out. (Washington Post) [ Let’s just say the fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the truth is he really screwed you’ … well you know that familiar theme and can ad lib, insert your own words!
It’s still Obama’s party Why he won’t face a primary challenge: Republicans and racial politics. (Washington Post) [ It’s true … so right you are! Al Gore’s even pitchin’ in by donating the talents of his long lost secret love child, ‘Leslie Gore’ to pen and sing a song in wobama’s honor (kidding) which goes something like this , ‘It’s his party and he’ll cry if he wants to, cry if he wants to, cry if he wants to, you would cry too, if obama happened to you … Well, there you go … if the song says it it must be true. Yeah! And those dern republicans and their racial politics … UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black defendants and white victims' – Time to get whitey, at last, at last, etc., say holder / wobama who go on to say ‘and they ain’t talking about Whitey Bulger, the mobster, either!’

Postal Service seeking 20 percent staff cut EXCLUSIVE | In cost-cutting bid, USPS also proposes withdrawing employees from existing health and retirement plans and creating its own benefit programs. Congress would need to sign off. (Washington Post) [ I think it’s a great idea. Indeed, 50% would be substantially better. Even better yet, UPS should take over their entire operation. After all, UPS is well managed and efficient; and also, very reliable. On the other hand, the USPS is poorly managed, inefficient, and very unreliable: October 15, 2010 (*see infra {ultimately delivered by UPS})

SHARE YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:

The following is my comment to an LA Times article regarding a Justice Department cover-up! As for your inquiry, all I think about day and night is a long overdue resolution to the RICO litigation as set forth therein:

ATF Chief Melson:Justice Department trying to shield officials (LATimes) Serrano

I believe him!

 I truly empathize with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu:   Died February 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]

Here’s some real, complicit cover-up / fraud on the part of the federal government, et als:

October 15, 2010 (*see infra {ultimately delivered by UPS})

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700

Los Angeles, CA 90024

Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case  RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages)      [  ricosummarytoFBIunderpenaltyofperjury.pdf   http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf          ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as     fbicorrespondencereyes.htm     .   With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the    RICO VERIFIED COMPLAINT    (see infra). Such includes and as set forth in the case, inter alia,

A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..

Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.

The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages:   [  Shiff Order of Dismissal With Prejudice on Coan’s Failure to File        Page 1                Page 2          ]

Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [   transcript in pertinent part -     crossexamofcoanbypeia.pdf   ]

Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.

Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.],   Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.

Sincerely,

Albert L. Peia

611 E. 5^th Street, #404

Los Angeles, CA 90013

(213) 219-**** (cell phone)

(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651 -magic jack}

                       ----------

*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]

http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime  Washington’s Blog / the grim economic reality   [  http://albertpeia.com/grimreality.htm

CRIME STATS(u.s.No.1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

http://www.albertpeia.com

Sincerely and Regards,

Al Peia

Show us your debt plan A challenge to the president, his opponents — and you. (Washington Post) [ Come on! This is disingenuously rhetorical. At the least, you look at reality. Pervasively corrupt, defacto bankrupt america’s growth days (and hence those rosy assumptions) are gone forever. Second, you begin with the amount that must be cut to avoid further dollar debasement among other obfuscating gimmicks which worsen the dismal scenario ($3 trillion over 10 years doesn’t come close to doing it). Thirdly, those responsible must be held accountable (and meaningful law must count for all!). 8 More Reasons Why You Should Be Deeply Concerned That The U.S. Government Has Lost Its AAA Credit Rating The Economic Collapse ‘… #8 The U.S. national debt continues to get worse by the day.  Just check out what economics professor Laurence J. Kotlikoff recently told NPR….“If you add up all the promises that have been made for spending obligations, including defense expenditures, and you subtract all the taxes that we expect to collect, the difference is $211 trillion. That’s the fiscal gap” ..’ Deficits And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in entitlement programs the US is actually in worse financial shape than Greece and other debt-laden European countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total federal spending in 2010 amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while other estimates exceed $100 trillion (these amounts are insurmountable) …’ Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell

Markets begin week on calmer note The positive results showed that the markets may be able to hang on to their gains. (Washington Post) [ The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! So what’s changed of significance (other than the full moon and consequent effects on the lunatic wall street frauds Train Reading: The Stock Market Is Insane The Wall Street Journal  ). Nothing! Stocks rally on bad news, fraud, and b***s*** alone! 3 Reasons Markets Finished Up For the Third Straight Day Wall St. Cheat Sheet  1) U.S. economic data. According to the National Association of Home Builders, builder confidence in the market for newly built, single-family homes – the National Association of Home Builders/Wells Fargo Housing Market Index – was unchanged in August at a low level of 15. Also being reported today was an assessment of New York-area manufacturing activity, which declined for the third consecutive month and fell short of economists’ expectations.. 2) Japan. [Come on ... If the ‘meltdown’ proved anything it’s that Japan’s as bad as america in dealing with and reporting reality.] Japan’s  economy contracted less than expected in the second quarter, despite a huge blow to industry and production dealt by the March 11 earthquake and tsunami. Gross domestic product declined at an annualized rate of 1.3% in the quarter ending June 30. Economists had forecast a 2.5% decline.. 3) Crude futures. After tumbling considerably over the past few weeks, crude-oil futures began to recover today. Crude for September delivery climbed roughly 3% today on the New York Mercantile Exchange, giving energy stocks a boost. Exxon Mobil , BP , Marathon , and Chevron all gained over 3% today …’ In a Downtrend, Sell a Rally (Daily FX) Latest: Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. ‘Aftershock’ Book Predicts Economic Disaster Amid Controversy Disturbing Charts Show Economic Meltdown in 2012. See the Evidence. (Newsmax.com) Five Reason Stocks Are Crashing, Tips to Prepare for Meltdown (Moneynews) Unthinkable Poised to Happen on Wall Street. See Disturbing Charts. (Newsmax.com) US Recession Is Guaranteed: Expert CNBC.com

Europe’s crisis and the psychology of fear (Washington Post) [ Given the reality and magnitude of Europe’s problems going forward, dwarfed only by the magnitude of those of pervasively corrupt, defacto bankrupt america, it brings to mind the words of the former Intel CEO (co-founder) Andy Grove ‘ Only the paranoid survive’ (of course, having survived the Nazis and escaped Communist-controlled Hungary in Europe, as a jew, one has to assume his perspective / outlook was somewhat ‘skewed’ thereby). Yet, let’s not kid ourselves to the point where virtual survival is threatened and at stake as is so for the EU. America isn’t alone in the downgrade spiral (WP) Indeed, the EU has followed the contra-indicated perma war, evermore worthless Weimar currency, and a predispositon / tacit acceptance of paper securities schemes / scams / frauds which are integral to america’s ongoing, albeit obfuscated, debacle / crisis which given the unfunded debt load pegged at $211 Trillion among other estimates, is insurmountable and will end quite badly. Poll: Sharp dissatisfaction with D.C. The public doubts the government can fix the nation’s economic problems, Post poll shows. An unlikely landlord: Uncle Sam (WP) [ No surprise there (the doubts)! Uncle Scam as landlord? Sounds like a typical scam / fiasco / debacle in the making! Add limey (brits)-looking (green) frogs (french) to the mix(ed up) in the pervasively corrupt defacto bankrupt disunited states Italy unveils plan to calm fears of escalating crisis (WP) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still got problems. Europe’s debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it here except the punch line): ‘That’s black bart’s girl’. Pelosi: ‘We are not Greece’ ( but greecy Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close call! There you go. Nothing to worry about now that wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Deficits And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in entitlement programs the US is actually in worse financial shape than Greece and other debt-laden European countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total federal spending in 2010 amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while other estimates exceed $100 trillion (these amounts are insurmountable) …’ Famed economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing to political desperation! Why You Shouldn't Buy Into This Plunge Forbes/O'Neil‘The market is building momentum to the downside’. Wall Street closes worst week since '08 with wild day NEW YORK (Reuters) S&P on U.S. downgrade: Debt pact 'falls short' - Reuters S&P downgrades US credit rating from AAA S&P Shocks the U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat Sheet What Recovery? Forbes  ‘…we can’t call this a recovery. There’s no reason to celebrate when a job report was better than expected. Why? Because the expectation was abysmal to begin with. And while we’re at it, we can’t ignore increasing sovereign debt problems in Europe…’ ‘Top 3 Reasons Markets Erased the Year’s Gains Wall St. Cheat Sheet 1) Japan and Europe 2) Unemployment.3) Capital goods - billions of dollars in lost revenue. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events that warns of phase II of the global crisis… My work shows that “the new recession has started.”… Over the past 33 years, we have called the start of every recession, often on the exact month, or within one month, of the official start as determined one year later by the official arbiter of recession, the National Bureau of Economic Research (NBER)… However, inflation is far understated for political reasons. Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation, according to free market economists who calculate inflation as it was done in 1980 before the politician re-engineered it, is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’FLASHBACK HERE: Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher.

Krauthammer: Our political system is working well (Washington Post) [ Wow! There was a time back in the late sixties, early seventies when there were these long-haired people chastised by the so-called ‘establishment’ that would have just loved to be doin’ whatever it is that Mr. Krauthammer’s been doing to arrive at such a conclusion, so glaringly devoid of any reality whatsoever. Psychedelics, hallucinogens, magic mushrooms; what could it be that has brought Mr. Krauthammer into this fantasy world where even ‘Alice’ of Wonderland fame might feel comfortable in this netherland (sic) / netherworld created from the depths of Mr. Krauthammer’s imagination. I’m truly at a loss for words. After all, the warning by the underrated but great President General Eisenhower of the impending inherent danger of the military industrial complex came to fruition with the assassination of JFK and the reality of a coup d’etat thereby. All presidents, along with the two remaining branches of the pervasively corrupt, defacto bankrupt american government since have been at best stooges for such as the military industrial complex, the banksters / frauds on wall street, etc., to the substantial detriment of the vast majority in this country and throughout the world (ie., perma wars, huge securities frauds still extant / now marked to anything as per congressional FASB rule change, and unprosecuted. Beyond the immediate reach, or at least ‘penetration’ of american propaganda, an intelligent and astute individual, Legendary Investor Jeremy Grantham: America is a Banana Republic Washington’s Blog | Just different bananas perhaps? { Of course this is absolutely true! And not just from the meaningfully lawless perspective – I had made such a statement on the record in a LA Superior Court Appellate Dept. proceeding in which said court literally ignored the law (the same is true of the costly, plushly accoutered lifetime appointee federal courts) which courts should indeed be abolished in these difficult economic / budgetary times. Additionally, from pervasive corruption, to debased over-printed currency, to gunboat diplomacy, to total incompetence, etc., america is indeed a banana republic at most. } I didn’t see the debates {what does it matter what they say – the egregious ‘wobama the b’ (for b***s***) fatigue factor / experience} nor have I read Mr. Robinson’s article, ‘GOP Debate Land’ but I’m sure I’d agree with his conclusion, ‘I didn’t recognize the America the GOP candidates described;’ but unfortunately, I do recognize the pervasively corrupt, defacto bankrupt america of ‘wobama the b’ (for b***s***), failed president like his predecessor, moron war criminal dumbya bush, that he is. The powerless president Obama remains indecisive, and ignored, as larger forces bring down the country. Robinson: S&P downgrades the GOP (WP) [ Riiiiight! It’s everything but ‘wobama the b’ (for b***s***) that’s to blame for the nation’s meltdown according to wobama aficionados / intractable wobama apologists, Messieurs Milbank and Robinson. Sweet Mr. Milbank even points to wobama’s personal character flaws (among many unmentioned) to exculpate the failed president wobama. Wobama’s failed miserably and yet had the easiest act in the world to follow in the persona of fellow failed president war criminal dumbya bush whose failed policies up to the real start of the election cycle he’s largely followed. After all, Mr. Robinson, how different really are the parties these days when profligate spending on illegal, unnecessary wars was continued when democrats controlled congress, and then even the executive office when continuing failed president and war criminal dumbya bush’s nation bankrupting, nation destroying war policies, protection for unprecedentedly huge wall street frauds, bush tax cut extensions for the wealthy, and then some (spending on top of it).
Drudgereport: HARRY BELAFONTE: Obama 'has failed'...
NOONAN: 'HE IS A LOSER'...
GALLUP: 40% APPROVAL...

Obama takes debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'...

Most importantly, realize that if wobama’s actions had not belied his words/campaign promises, the nation’s position, though still ominous, would have been substantially improved.

Poll: Sharp dissatisfaction with D.C. The public doubts the government can fix the nation’s economic problems, Post poll shows. An unlikely landlord: Uncle Sam (Washington Post) [ No surprise there (the doubts)! Uncle as landlord? Sounds like a typical scam / fiasco / debacle in the making! Add limey (brits)-looking (green) frogs (french) to the mix(ed up) in the pervasively corrupt defacto bankrupt disunited states Italy unveils plan to calm fears of escalating crisis (Washington Post) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still got problems. Europe’s debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it here except the punch line): ‘That’s black bart’s girl’. Pelosi: ‘We are not Greece’ ( but greecy Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close call! There you go. Nothing to worry about now that wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Deficits And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in entitlement programs the US is actually in worse financial shape than Greece and other debt-laden European countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total federal spending in 2010 amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while other estimates exceed $100 trillion (these amounts are insurmountable) …’ Famed economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing to political desperation! Why You Shouldn't Buy Into This Plunge Forbes/O'Neil‘The market is building momentum to the downside’. Wall Street closes worst week since '08 with wild day NEW YORK (Reuters) S&P on U.S. downgrade: Debt pact 'falls short' - Reuters S&P downgrades US credit rating from AAA S&P Shocks the U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat Sheet What Recovery? Forbes  ‘…we can’t call this a recovery. There’s no reason to celebrate when a job report was better than expected. Why? Because the expectation was abysmal to begin with. And while we’re at it, we can’t ignore increasing sovereign debt problems in Europe…’ ‘Top 3 Reasons Markets Erased the Year’s Gains Wall St. Cheat Sheet 1) Japan and Europe 2) Unemployment.3) Capital goods - billions of dollars in lost revenue. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events that warns of phase II of the global crisis… My work shows that “the new recession has started.”… Over the past 33 years, we have called the start of every recession, often on the exact month, or within one month, of the official start as determined one year later by the official arbiter of recession, the National Bureau of Economic Research (NBER)… However, inflation is far understated for political reasons. Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation, according to free market economists who calculate inflation as it was done in 1980 before the politician re-engineered it, is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’FLASHBACK HERE: Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher.

European economies brace as Germany slows Discouraging news about the pace of growth came just hours before German and French leaders called for new steps to impose discipline on governments whose lax budget practices prompted the debt crisis. (Washington Post) [ First, let’s call this economic scenario what it is; viz., the ‘d’ word … ‘depression’. For those who find that term unutterable, then ‘double-dip recession’ is the term for you. All the dollar debasement (over-printing, etc.) for the benefit of the frauds on wall street et als to the substantial detriment of everyone else can’t change and has exacerbated and obfuscated this fact. Moreover, there has been a manipulated churn-and-earn high-frequency trading bubble-bull cycle in what is unmistakably a secular bear market. Famed economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50% unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com) ‘Robert Wiedemer’s new book, “Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown,” quickly is becoming the survival guide for the 21st century. And Newsmax’s eye-opening Aftershock Survival Summit video, with exclusive interviews and prophetic predictions, already has affected millions around the world — but not without ruffling a few feathers. [ The instant video on the economic / financial collapse from Stansberry and Associates is so well researched and succinctly presented that I’ve archived same on my website; also, because the facts and views presented comport with the facts and views I’ve presented on my site which I believe to be correct. This is a must-view, must-see that I strongly recommend!
The complete url: http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ) http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 Written text of presentation (without pictures / charts)] [A lot of pre-election year obfuscation, manipulation but the debacle is already here: Harry Dent, Jr. Economy will be in a Depression by 2011
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest.
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). Forecasts from Dent, Napier, and then Prechter: Depression is Imminent The Dow Jones Industrial Average will go down to at least 1000, most likely to below 777 which was the starting point of its mania back in August 1982, and quite likely drop below 400 at one or more times during the bear market.

Make way for the ‘super bundlers’ The 2010 elections saw the rise of “Super PACs.” In 2012 it will be a new breed of fundraisers. (Washington Post) [ ‘Super bundlers’? If Mr. Eggen had said ‘facilitators for the super bunglers’, I would have recognized what he meant. But, ‘super bundlers’ immediately brings to mind another kind of fraud / scam, viz., those ‘bundled’ toxic asset worthless paper securities things so lucratively popularized by the frauds on wall street with the blessing of their ‘amen corner’ in Washington to the detriment of this and other nations and particularly this nation’s taxpayers / middleclass who’ve been decimated. If he had called them what they more realistically are, viz., visible slush funds for those visible invisible quid pro quo / bribe schemes, welfare of the nation be damned, I indeed would have known what I think he meant. Is Obama’s fate written in numbers? Recent economic data amounts to a formidable headwind for any incumbent president hoping for a second term. And Democrats worry time is running out. (Washington Post) [ Let’s just say the fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the truth is he really screwed you’ … well you know that familiar theme and can ad lib, insert your own words!
It’s still Obama’s party Why he won’t face a primary challenge: Republicans and racial politics. (Washington Post) [ It’s true … so right you are! Al Gore’s even pitchin’ in by donating the talents of his long lost secret love child, ‘Leslie Gore’ to pen and sing a song in wobama’s honor (kidding) which goes something like this , ‘It’s his party and he’ll cry if he wants to, cry if he wants to, cry if he wants to, you would cry too, if obama happened to you … Well, there you go … if the song says it it must be true. Yeah! And those dern republicans and their racial politics … UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black defendants and white victims' – Time to get whitey, at last, at last, etc., say holder / wobama who go on to say ‘and they ain’t talking about Whitey Bulger, the mobster, either!’

Postal Service seeking 20 percent staff cut EXCLUSIVE | In cost-cutting bid, USPS also proposes withdrawing employees from existing health and retirement plans and creating its own benefit programs. Congress would need to sign off. (Washington Post) [ I think it’s a great idea. Indeed, 50% would be substantially better. Even better yet, UPS should take over their entire operation. After all, UPS is well managed and efficient; and also, very reliable. On the other hand, the USPS is poorly managed, inefficient, and very unreliable: October 15, 2010 (*see infra {ultimately delivered by UPS})

SHARE YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:

The following is my comment to an LA Times article regarding a Justice Department cover-up! As for your inquiry, all I think about day and night is a long overdue resolution to the RICO litigation as set forth therein:

ATF Chief Melson:Justice Department trying to shield officials (LATimes) Serrano

I believe him!

 I truly empathize with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu:   Died February 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]

Here’s some real, complicit cover-up / fraud on the part of the federal government, et als:

October 15, 2010 (*see infra {ultimately delivered by UPS})

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700

Los Angeles, CA 90024

Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case  RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages)      [  ricosummarytoFBIunderpenaltyofperjury.pdf   http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf          ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as     fbicorrespondencereyes.htm     .   With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the    RICO VERIFIED COMPLAINT    (see infra). Such includes and as set forth in the case, inter alia,

A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..

Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.

The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages:   [  Shiff Order of Dismissal With Prejudice on Coan’s Failure to File        Page 1                Page 2          ]

Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [   transcript in pertinent part -     crossexamofcoanbypeia.pdf   ]

Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.

Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.],   Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.

Sincerely,

Albert L. Peia

611 E. 5^th Street, #404

Los Angeles, CA 90013

(213) 219-**** (cell phone)

(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651 -magic jack}

                       ----------

*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]

http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime  Washington’s Blog / the grim economic reality   [  http://albertpeia.com/grimreality.htm

CRIME STATS(u.s.No.1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

http://www.albertpeia.com

Sincerely and Regards,

Al Peia

The new Manchurian candidate The sad facts behind Rick Perry’s Texas ‘miracle’. (Washington Post) [ I haven’t looked too closely at this yet. After all, bushed of bushes and then there was johnson who’ve really done enough damage to warrant looking askance. Yet, there’s Ross Perot (not running) and Ron Paul; and of course, the great but substantially underrated President General Eisenhower was born there though raised in Kansas. To his credit, he’s railed against the incompetent wall street fraud oriented fed though one must still say of same, better late than never. It’s that bushie / johnson war thing that gives pause. Then there’s the gore / lieberman / nafta / now / bilderberg connection … what’s up with that? (to quote Keenan Thompson of SNL fame). Then there’s the Austin, Texas – based infowars.com / prisonplanet.com / Jone contingent who remain unconvinced: Tell Rick Perry that there was NO ‘Texas Miracle’ Len Hart | The only pockets lined by GOP largesse (pork) are the pockets of an increasingly tiny ruling elite now just 1 percent of the total US population. Rick Perry’s Campaign Strategy: Become Ron Paul Steve Watson | Texas Governor promotes fiscal responsibility while his own state sits on a $13.4 billion deficit.

Stocks end 3-day rally U.S. stocks fall after a weak growth report in Europe rekindled fears about a global economic slowdown. (Washington Post) [ Let’s not kid ourselves, if it’s ‘not happening’ in Germany, it’s not happening; b***s***, spin, and politicking aside. Japan’s numbers, bad as they were, are too americanized to be believed and pervasively corrupt, defacto bankrupt american numbers are just plain ‘american’ (which if you’re not paying attention, is very negative. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! So what’s changed of significance (other than previous full moon and consequent effects on the lunatic wall street frauds Train Reading: The Stock Market Is Insane The Wall Street Journal  ). Nothing! Stocks rally off lows on bad news, fraud, and b***s*** alone! There's A Recession Coming According To The Data at Forbes , Dell braces investors for a bumpy road 16 Aug 2011 Dell makes a case on why it can better weather an upcoming storm, S&P says sell Google's shares after Motorola deal , STOCKS FALL AFTER FLOOD OF BAD NEWS: Here's What You Need To Know Joe Weisenthal , Stocks Slip On Concern Over Europe's Debt, U.S. Data , Watch Out: 2011 Looks A Lot Like The Market Top In 2007 Sean Hanlon Take A Lesson From 2007 And Sell Stocks Now at Forbes, [video] Trader: We Could Test 1120 Lows at TheStreet.com In a Downtrend, Sell a Rally (Daily FX) Latest: Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. ‘Aftershock’ Book Predicts Economic Disaster Amid Controversy Disturbing Charts Show Economic Meltdown in 2012. See the Evidence. (Newsmax.com) Five Reason Stocks Are Crashing, Tips to Prepare for Meltdown (Moneynews) Unthinkable Poised to Happen on Wall Street. See Disturbing Charts. (Newsmax.com) US Recession Is Guaranteed: Expert CNBC.com Absolutely nothing, yet a manipulated computer-programmed ( high frequency trading bots ) churn-and-earn suckers’ rally based on desperation, fraud and b***s*** alone (ie., backward looking, ‘revisions’, faked data, etc.) to keep suckers suckered, which makes for an especially great opportunity to sell / take profits since there’s much, much worse to come

Perry attack puts pressure on Fed ANALYSIS | The central bank is supposed to make its decisions based on economics, not politics. Perry takes aim at Bernanke (Washington Post) [ When you’re right, you’re right. Can’t take that away from him. What can the Federal Reserve do? With the U.S. economy at risk of a double-dip recession, the central bank lacks tools to do anything. (Washington Post) [ Oh I’d say they’ve done quite enough … wouldn’t you? … Is Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This catering to fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan and failed miserably except for the frauds on wall street who commissioned up and down; and, make no mistake, those computer-programmed high-frequency trading volumes have now been maximized for nation-economy-draining profits for the frauds like never before and have never been higher. The QE and dollar-debasement policies were always predictably inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that was but in reality good only for the frauds on wall street. No, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone else’s expense including main street. ] In his June 7 speech, Fed Chairman Ben Bernanke stated, “the best way for the Federal Reserve to support the fundamental value of the dollar in the medium term is to pursue our dual mandate of maximum employment and price stability, and we will certainly do that.”

.. Bernanke’s results .. since Ben took the reins:

Feb ’06 – April ’11

Items in a Typical Budget	% Change
Food and Beverages	16.54%
Water and sewer and trash collection services	31.88%
Rent of primary residence	13.82%
Housing	8.68%
Fuels and Utilities	11.93%
Apparel	4.83%
Medical Care	20.11%
Gasoline (all types)	65.12%
Transportation	23.36%
Tuition, other school fees, and childcare	29.28%
Recreation	2.87%

 ..  The standard unemployment rate most often used by the Fed is currently at 9.1%, up 90% since Bernanke started.  The more inclusive (realistic) U6 number stands at 15.8%, up 75% in the same period.  The Civilian Participation Rate has declined 2.87% to 64.2%.

This is the lowest level the U.S. has seen since March, 1984.  The decline amounts to 8,946,844 fewer Americans in the labor force.  Had they not dropped out because of a lack of jobs, the “official” unemployment rate would be significantly higher.  While we can debate the meaning of the term maximum employment, it is clear that the jobs data has deteriorated considerably since Bernanke took the reins at the Fed.  ..

In conclusion, it is evident that Ben Bernanke is failing his mandates.  We believe it must come down to one of the following reasons:

1.       Bernanke does not know how to achieve his mandates;

2.       The policy tools employed don’t work;

3.       He does not have the ability to implement policies that would work;

4.       He is not trying to achieve his mandates;

5.       He has goals other than his legal mandates;

6.       He does not look at the data, and believes he is succeeding.

Matt Marcewicz &  Robert Barone, Ph.D... ‘

Market plunge reawakens recession fears Bleak numbers for U.S. jobs, housing and manufacturing compounded the anxiety over European woes, sparking a market sell-off and wiping out the major U.S. indexes’ gains from earlier this week. (Washington Post) [ The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is Insane The Wall Street Journal  Stocks rally off lows to suck suckers in and keep suckers sucked in on bad news (Jobless Claims, Inflation Rise More Than Expected CNBC) , fraud ( SEC destroyed documents, senator says ), and b***s*** alone! MKM Bracing For SPY To Drop 8% More; Nasdaq Nearing August Lows Barrons.com, WHY NEW LOWS ARE LIKELY 8-18-11 Maierhofer, Is It 2008 Again? Looking at the Summer Crash of 2011 Gayed ‘A real bear market has begun …’ , Abandon Ship?[The USS Titanic] Yes, Because of These 5 Bearish Icebergs ... McGill , There's A Recession Coming According To The Data at Forbes , HP, Dell hammered as tech-spending outlook darkens JDSU, NetApp, disappointing figures, shares hit hard in after-hours trade Dell braces investors for a bumpy road Dell makes a case on why it can better weather an upcoming storm , S&P says sell Google's shares after Motorola deal , STOCKS FALL AFTER FLOOD OF BAD NEWS: Here's What You Need To Know Joe Weisenthal , Stocks Slip On Concern Over Europe's Debt, U.S. Data , Watch Out: 2011 Looks A Lot Like The Market Top In 2007 Sean Hanlon Take A Lesson From 2007 And Sell Stocks Now at Forbes, [video] Trader: We Could Test 1120 Lows at TheStreet.com In a Downtrend, Sell a Rally (Daily FX) Latest: Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. Famed economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50% unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com) Five Reason Stocks Are Crashing, Tips to Prepare for Meltdown (Moneynews) Unthinkable Poised to Happen on Wall Street. See Disturbing Charts. (Newsmax.com) US Recession Is Guaranteed: Expert CNBC]

Obama issues first explicit call for Syrian president to resign The rhetorical escalation was backed by sanctions designed to undermine military operations. (Washington Post) [ The reply: right after you wobama for gross incompetence, for harboring war criminals bush and cheney et als, for unconstitutional exercise of war powers alluded to by congressional members, for fraud in the inducement and factum (false campaign statements/promises), and as soon as you return that ridiculous thing called the ‘nobel peace prize’ belied by your actions, etc.. Come on! Who takes this clown, ‘wobama the b’ (for b***s***), seriously. He’s a total joke and totally pathetic at once! Robinson: Obama won the Iowa Straw Poll (Washington Post) [ Oh riiiiight! What, on the theory that so long as you don’t hear wobama the b’s (for b***s***) words which invariably belie his actions or non-actions, it’ a victory for wobama? I don’t think so; nor does the overwhelming, including the unpolled, majority! Is Obama’s fate written in numbers? Recent economic data amounts to a formidable headwind for any incumbent president hoping for a second term. And Democrats worry time is running out. (Washington Post) [ Let’s just say the fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the truth is he really screwed you’ … well you know that familiar theme and can ad lib, insert your own words!
It’s still Obama’s party Why he won’t face a primary challenge: Republicans and racial politics. (Washington Post) [ It’s true … so right you are! Al Gore’s even pitchin’ in by donating the talents of his long lost secret love child, ‘Leslie Gore’ to pen and sing a song in wobama’s honor (kidding) which goes something like this , ‘It’s his party and he’ll cry if he wants to, cry if he wants to, cry if he wants to, you would cry too, if obama happened to you … Well, there you go … if the song says it it must be true. Yeah! And those dern republicans and their racial politics … UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black defendants and white victims' – Time to get whitey, at last, at last, etc., say holder / wobama who go on to say ‘and they ain’t talking about Whitey Bulger, the mobster, either!’ The powerless president Obama remains indecisive, and ignored, as larger forces bring down the country. Robinson: S&P downgrades the GOP (Washington Post) [ Riiiiight! It’s everything but ‘wobama the b’ (for b***s***) that’s to blame for the nation’s meltdown according to wobama aficionados / intractable wobama apologists, Messieurs Milbank and Robinson. Sweet Mr. Milbank even points to wobama’s personal character flaws (among many unmentioned) to exculpate the failed president wobama. Wobama’s failed miserably and yet had the easiest act in the world to follow in the persona of fellow failed president war criminal dumbya bush whose failed policies up to the real start of the election cycle he’s largely followed. After all, Mr. Robinson, how different really are the parties these days when profligate spending on illegal, unnecessary wars was continued when democrats controlled congress, and then even the executive office when continuing failed president and war criminal dumbya bush’s nation bankrupting, nation destroying war policies, protection for unprecedentedly huge wall street frauds, bush tax cut extensions for the wealthy, and then some (spending on top of it). Details of Obama’s jobs plan emerge President is thinking about proposing tax cuts for companies that hire workers, new spending for roads and construction, and other measures that target the long-term unemployed, administration officials say. (Washington Post) [ Oh come on! Too little, too late for ‘wobama the b’ (for b***s***), the eternal campaign(er) … he’s got a ‘good rap’ … that rapper ‘wobama the b’ (for b***s***). Really! He’s a total embarrassment out there on the campaign trail; and just as much an embarrassment for those who turn out to see him … maybe he’s somewhat of an allure as in a freak show. He’s a total joke! To be finally talking jobs and things just before the election having broken previous campaign promises in his failed role as ‘bush failure 3’. Even his pension is undeserved so much a fraud is he! Black caucus: Tired of making excuses for Obama [ They are not alone! ] Washington Examiner | A key member of the Congressional Black Caucus says they don’t pressure President Obama because he is loved by black voters. Obama ‘Takes More Vacations Than Any Human Being I’ve Ever Seen’ Fox News | “Here we have a country that really is going to hell in a handbasket.” Bus Tour Bust: Obama’s Approval Plummets Back Into 30s, Says Gallup CNS News | Obama’s politically charged but taxpayer funded bus tour through the Midwest turned into a bust yesterday. Disapproval of Congress Hits All Time High of 84% Paul Joseph Watson | Americans are more upset with political leadership than ever before.

Drudgereport: BLACK CAUCUS ON OBAMA: 'WE'RE GETTING TIRED' [ Not as tired of wobama’s b***s*** / excuses as the ‘White Caucus’ and any other Caucus – but, don’t be taken in by their b***s***; they’ll ‘back the black’ every time, regardless! ]New low of 26% approve of Obama on economy...
Inflation builds...
FOOD PRICES RISING...
UNEMPLOYMENT UP...
OBAMA TO LAY OUT JOBS PLAN -- AFTER VACATION...
'Takes More Vacations Than Any Human Being I've Ever Seen'...
Commiserates with jobless, then off to the Vineyard...

Even that italian, belafonte, isn’t buying ‘wobama brand(ed)’:

Drudgereport: HARRY BELAFONTE: Obama 'has failed'...
NOONAN: 'HE IS A LOSER'...
GALLUP: 40% APPROVAL...

Obama takes debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'...

Most importantly, realize that if wobama’s actions had not belied his words/campaign promises, the nation’s position, though still ominous, would have been substantially improved.

http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime  Washington’s Blog / the grim economic reality   [  http://albertpeia.com/grimreality.htm

CRIME STATS(u.s.No.1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Democrats strike back on taxes Obama and others are gambling that voters will see GOP’s stance as recalcitrant and out-of-touch. (Washington Post) [ Ooooh! ‘The Empire Strikes Back’! They’ve done it again! Brilliant political gambit! Checkmate in 2 … 012 … NOT! … Come on! While perma-war/wall-street-fraud-etc.-lovin’ republicans, as democrats, are complicit in this mess called pervasively corrupt, defacto bankrupt disunited states of america, recalcitrance and out-of-touch is hardly the exclusive province of one party or the other which have in large measure morphed into one conglomeration of venality, self-interest, crime, incompetence and corruption. Actions, not words, count! Results count! How ‘bout recounting the actions, results! Dismal at best, globally embarrassing at worst! Italy unveils plan to calm fears of escalating crisis (WP) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still got problems. Europe’s debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it here except the punch line): ‘That’s black bart’s girl’. Pelosi: ‘We are not Greece’ ( but greecy Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close call! There you go. Nothing to worry about now that wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Deficits And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in entitlement programs the US is actually in worse financial shape than Greece and other debt-laden European countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total federal spending in 2010 amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while other estimates exceed $100 trillion (these amounts are insurmountable) …’ Famed economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing to political desperation! Why You Shouldn't Buy Into This Plunge Forbes/O'Neil‘The market is building momentum to the downside’. Wall Street closes worst week since '08 with wild day NEW YORK (Reuters) S&P on U.S. downgrade: Debt pact 'falls short' - Reuters S&P downgrades US credit rating from AAA S&P Shocks the U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat Sheet What Recovery? Forbes  ‘…we can’t call this a recovery. There’s no reason to celebrate when a job report was better than expected. Why? Because the expectation was abysmal to begin with. And while we’re at it, we can’t ignore increasing sovereign debt problems in Europe…’ ‘Top 3 Reasons Markets Erased the Year’s Gains Wall St. Cheat Sheet 1) Japan and Europe 2) Unemployment.3) Capital goods - billions of dollars in lost revenue. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events that warns of phase II of the global crisis… My work shows that “the new recession has started.”… Over the past 33 years, we have called the start of every recession, often on the exact month, or within one month, of the official start as determined one year later by the official arbiter of recession, the National Bureau of Economic Research (NBER)… However, inflation is far understated for political reasons. Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation, according to free market economists who calculate inflation as it was done in 1980 before the politician re-engineered it, is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’FLASHBACK HERE: Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher.

Bad luck? Bad faith? Obama’s explanation for our current malaise. Really? (Washington Post) [ Yeah! This really ‘takes the cake’! When I first heard that ridiculous utterance by ‘wobama the b’ (for b***s***) I was inclined to ‘fall off my chair’. But alas, so innured to wobama’s b***s*** have I become, it barely registered a ‘ho-hum’. He is so pathetic! Such a total joke! I really mean it! There’s no excuse whatsoever for ‘bush failure 3’, ‘wobama the b’! Details of Obama’s jobs plan emerge President is thinking about proposing tax cuts for companies that hire workers, new spending for roads and construction, and other measures that target the long-term unemployed, administration officials say. (Washington Post) [ Oh come on! Too little, too late for ‘wobama the b’ (for b***s***), the eternal campaign(er) … he’s got a ‘good rap’ … that rapper ‘wobama the b’ (for b***s***). Really! He’s a total embarrassment out there on the campaign trail; and just as much an embarrassment for those who turn out to see him … maybe he’s somewhat of an allure as in a freak show. He’s a total joke! To be finally talking jobs and things just before the election having broken previous campaign promises in his failed role as ‘bush failure 3’. Even his pension is undeserved so much a fraud is he! Black caucus: Tired of making excuses for Obama [ They are not alone! ] Washington Examiner | A key member of the Congressional Black Caucus says they don’t pressure President Obama because he is loved by black voters. Obama ‘Takes More Vacations Than Any Human Being I’ve Ever Seen’ Fox News | “Here we have a country that really is going to hell in a handbasket.” Bus Tour Bust: Obama’s Approval Plummets Back Into 30s, Says Gallup CNS News | Obama’s politically charged but taxpayer funded bus tour through the Midwest turned into a bust yesterday. Disapproval of Congress Hits All Time High of 84% Paul Joseph Watson | Americans are more upset with political leadership than ever before.

Stocks plunge on Europe’s banking worries (Washington Post) [ Oh … so that’s what happened … those european banking worries … sure coulda’ fooled many here stateside who are, in light of dismal realities here, yellin’, ‘look homeward hell’s angels’. This sounds like a job for … Rosanne Rosanna Dana, formerly of SNL fame and as her mama always used to say, which is also her hypothesis, ‘it’s always somethin’ … (but unfortunately, that somethin’ is not necessarily what they say it is). How ‘bout the fact that stocks are substantially over-loved, over-valued owing to a multitude of (wall street benefiting) fraudulent artifices which are intended to obfuscate, as in the last and ongoing debacle, their most current computerized manipulated churn-and-earn high-frequency trading bubble-bull cycle in this unmistakably secular bear market. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is Insane The Wall Street Journal  Stocks rally off lows to suck suckers in and keep suckers sucked in on bad news (Jobless Claims, Inflation Rise More Than Expected CNBC) , fraud ( SEC destroyed documents, senator says ), and b***s*** alone! MKM Bracing For SPY To Drop 8% More; Nasdaq Nearing August Lows Barrons.com, WHY NEW LOWS ARE LIKELY 8-18-11 Maierhofer, Is It 2008 Again? Looking at the Summer Crash of 2011 Gayed ‘A real bear market has begun …’ , Abandon Ship?[The USS Titanic] Yes, Because of These 5 Bearish Icebergs ... McGill , There's A Recession Coming According To The Data at Forbes , HP, Dell hammered as tech-spending outlook darkens JDSU, NetApp, disappointing figures, shares hit hard in after-hours trade Dell braces investors for a bumpy road Dell makes a case on why it can better weather an upcoming storm , S&P says sell Google's shares after Motorola deal , STOCKS FALL AFTER FLOOD OF BAD NEWS: Here's What You Need To Know Joe Weisenthal , Stocks Slip On Concern Over Europe's Debt, U.S. Data , Watch Out: 2011 Looks A Lot Like The Market Top In 2007 Sean Hanlon Take A Lesson From 2007 And Sell Stocks Now at Forbes, [video] Trader: We Could Test 1120 Lows at TheStreet.com In a Downtrend, Sell a Rally (Daily FX) Latest: Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. Famed economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50% unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com

Compendium of Important Business / National / World News / Topics / Articles / Headlines

http://albertpeia.com/articlelinkspage3.htm

Drudgereport: TEMPLETON chairman: Financial Crisis 'Around Corner'...
'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'
Obama Economists Admit: 'Stimulus' Cost $278,000 per Job...

5-24-13 Obama Fails to Salute Marine...
Promotes State Dept Talking Points Editor...
ISSA Seeks Interviews Of 13 Officials Involved In Benghazi...
Hillary?
Unions begin turning on Obamacare...

Zimmerman's Lawyer Wants Jurors To See Photos Of Handgun, Pot Plants Found On Trayvon Martin's Phone...
'Paint troubling picture'...
UK AIR SCARES

Britain braces for possible copycat attacks...
Stockholm rioting continues for 5th night...
Swedish cops seek reinforcements...
'They don't want to integrate'...
Police station torched...

911 Dispatcher Tells Woman About To Be Sexually Assaulted There Are No Cops Due To Budget Cuts...
'Can You Ask Him To Go Away?'

SURVEY: 47% of Chinese are atheists...

HOLDER OK'D SEIZURE OF FOX REPORTER EMAILS
Obama Orders Holder to Investigate -- Holder...

Declares increase in domestic terrorism fueled by Internet...

FLASH CRASH...
HECKLED OVER GITMO...
'Sit Down. You should let me finish my sentence'...
'Part of Free Speech Is You Listening'...
Calls for bringing Gitmo terror suspects to US...
GOP SEN: Speech 'viewed by terrorists as victory'...

OBAMA TO DRONE LESS
POLL: Majority Want to Return to Pre-Obamacare System...

REPORT: LA Mayor broke...
DNC Chairman's 'Quest for Wall Street, Washington and Wealth'...

PREMATURE ELECTION: *****SLAPS WEINER...
'Shame On Us' If We Erect Him...
First campaign stop: Harlem...
Press frenzy...
More Lewd Photos Might Come Out...
Hillary Clinton strives to steer clear of yet another sex scandal...

Swedish riots rage for fourth night...
PAPER: 'Niggers who slaughtered soldier are British born'...
'Beheaded'...
VIDEO **WARNING: GRAPHIC**

Cab Driver Brutally Beaten Has Taxi Stolen By 2 Women...

REPORT: DOJ Seized Records of Five FOXNEWS Phones...
... INCLUDING PARENTS OF TARGETED REPORTER
Judge Apologizes For Lack of Transparency...

ISSA TO HAUL LERNER BACK BEFORE COMMITTEE...
'Waived her fifth amendment rights' by giving opening statement...
IRS internal investigation ended 6 months before '12 election, was hidden from Congress...
Dem warns of special prosecutor...

SPECIAL PROSECUTOR 'INEVITABLE'...
Bernanke Has Now Injected Foreign Banks With Over $1 Trillion In Cash...

Board Votes To Close 49 Chicago Elementary Schools...
KIDS SLAM 'GODFATHER'...

Man kidnapped off NYC street, tortured for 30 days...
LONDON SHOCK { Niggers butcher white soldier. }
BRITISH SOLDIER HACKED TO DEATH WITH MACHETE ON LONDON STREET...
'Beheaded'...
VIDEO **WARNING: GRAPHIC**
'We swear we will never stop fighting you'...
Rant against the West...
'We want to start a war in London tonight'...

REPORT: DOJ Seized Records of Five FOXNEWS Phone Numbers...

CBSNEWS reporter: My computers hacked, too...
'Began in Feb. 2011 during reporting on 'Fast and Furious''...

FBI ID's five suspects in Benghazi attack...
Administration officials privately admit mistakes...
Issa warns Hillary...
New Whistleblowers?
CIA 'Honored Benghazi Chief in Secret Ceremony'...

TOP IRS OFFICIAL TO TAKE THE FIFTH

Commissioner knew more than year ago about IRS targeting conservatives...
Ex-chief: Can't say how it happened...
Conservative Group Waiting 3 Years For Approval Files Suit...
IRS worker used government credit card for years-long AMAZON shopping spree...
Top Dems blame scandal on tax code...
MARCHING ORDERS: Liberal Pundits Gather in West Wing...
GOP Sen. Launches Hotline for Reports of IRS Targeting...
SCANDAL TIMELINE: Who knew what, when?
Veteran manager not buying admin story...

EF-5: Dwarfed Hiroshima Bomb...

'WE NEED PRAYERS'...
PATH OF DESTRUCTION...
'ALL YOU COULD HEAR WERE SCREAMS'...
24 CONFIRMED DEAD...
7 'DROWNED IN BASEMENT'...
SEARCH FOR SURVIVORS...
Parents call for children with bullhorns...
PHOTOS...
LIVE...
Mom Held Daughter By Hair To Keep Her From Flying Away...

DOJ TARGETED FOXNEWS REPORTERS, PRODUCER...
Tracked movements via key card, traced calls...
GOOGLE GAVE DOJ PRIVATE E MAILS...
FOXNEWS: We will unequivocally defend free press...
REPORT: DOJ Leaked Docs to Smear Fast & Furious Whistleblower...
Administration's Two-Front War...
RNC Chief: Obama Creating 'Atomsphere of Guerilla Warfare'...
Congressman: Impeachment an option...

Anonymous IRS official -- everything comes from the top...
McConnell: 'There is culture of intimidation throughout administration'...
DAY-BY-DAY: HOW WHITE HOUSE CHANGES ITS IRS STORY...
Dem Allies Call for Special Prosecutor...
Reporters Stonewalled; Escorted by Police in Public IRS Office Building...
Portman: IRS will need special counsel...
'I Could Take Up Whole Afternoon Talking About His Failures'... { michelle o on o }
'I'M A BLACK MAN'... { No, obama … you’re a typical nigger! You’re an over-vacationed, underperforming, incompetent, lazy-ass, typical b***s*** nigger who also happen to be an unequivocally failed president! }
Obama Uses Commencement Address to Recall Jim Crow, Racism of 40s, 50s... { Such calling of a ‘spade a spade’ provided a sound foundation to america’s rise; failure to do so has precipitated america’s decline. Everybody knows it; and are afraid to say it. Reality counts! }
'As an African American you have to work twice as hard'... { Come on … twice as hard? … obama’s never even had a real job … more typical obama b***s***… the stark reality is that, obama included, they don’t even bother working a fraction as hard as others … and, they really don’t care that they don’t … the very narrow, limited exception(s) are particularly games where performance is quite visible and measurable; and hence, not subject to the specious, spurious cries of racism when calling the nigger out for failed or non-performance. Results count! }
CHICAGOLAND: 5 Dead, 15 Wounded In Weekend Violence...
Teen mobs run wild in downtown...

TORNADOES RIP OK
MILE-WIDE FUNNEL
200 MPH WINDS

IRS HID PROBE UNTIL AFTER ELECTION...
THEY KNEW...
...LAST JUNE
Dems grow nervous...
Agency stalled conservative groups, but gave speedy approval to Obama foundation...
Used 'planted' question to reveal scandal...
'Absolutely Not Illegal'...
'IS THIS STILL AMERICA?'
UPDATE: TV Anchor Barred From FACEBOOK, Interviews After Discussing IRS Harrassment...
Congressman Receives Standing Ovation After He Rips IRS Commissioner...
IRS ASKED GROUP ABOUT 'CONTENT OF THEIR PRAYERS'

Report: IRS denied tax-exempt status to pro-lifers on behalf of Planned Parenthood...
Conservative Hispanic Groups Targeted...
FOX NEWS HOST: I Was Audited After Criticizing Obama...
AUDIT THIS: NFL players tweets photo of him urinating on IRS sign...
Employees at center of scandal: 'We were simply doing what our bosses ordered'...
NOONAN: This Is No Ordinary Scandal...

IN CHARGE DURING 'TEA PARTY' TARGETING, NOW RUNS IRS OBAMACARE OFFICE

More mystery over AP subpoenas process at Justice Department...

IRS henchwoman got $103,390 in bonuses...

Obama Consoles Student After Failing To Answer '2 Minus 1' Correctly: 'Subtraction Is Tougher Than Addition'...
First Lady laments that many blacks have lost 'hunger' to learn... { Well, not quite... there are many new ways to commit some very old crimes…even smash and grab at those ‘local jewelry stores’ has evolved somewhat, etc. }

OBAMA CALLS IN MARINES -- TO SHIELD HIM FROM RAIN... { What a typical, over-vacationed, underperforming, incompetent, lazy-ass, b***s*** nigger wobama is! }
Obama 'Accountable' -- 'Runs IRS, Treasury'...

WITHOLDER: Attorney General 'seems proud of how little he knows'... { Typical niggers! The time has come to call a spade a spade because the reality is that they are spades! Typical spades! }
Liberal talk show host calls for Holder to be fired...
REPORT: Obama Eying Pal Deval Patrick For Slot...
Fires IRS Boss -- Who Was Leaving Anyway...
'Complete confidence' in coverup confidence-man Holder...
CONGRESSMAN CHARGES:
THEY TAPPED HOUSE CLOAK ROOM!

President blames Benghazi on lack of funding... { Riiiiiight … and we have the deficits to prove it …NOT! The time has come to call a spade a spade because the reality is that they are spades! Typical spades! }

EMAILS CONTRADICT WH CLAIMS...
Benghazi Dump: Critical Two-Day Gap...
First Released Email 67 Hours After Attack...
PETRAEUS: 'Frankly, I'd Just As Soon Not Use This'...
'No One Knew Much of Anything'...
Holder Says No to Special Counsel on Scandal...

CHICAGOLAND: Man With 'Cop Killa' Tattoo On Face Arrested For Threatening Cops...

S&P DOWNGRADES BUFFETT'S BERKSHIRE...

STUDY: Physically strong men more likely to have right-wing political views...
'Weaker men more likely to support welfare state, wealth redistribution'...

Sandy-Ravaged NYC Homes Vandalized For Copper, Plumbing Pipes -- After Renovations...

Another Court Rules Administration's Labor Appointments Unconstitutional...

IRS ASKED FOR FACEBOOK POSTS, READING LISTS, PRIVATE THOUGHTS...
CLAIM: OBAMA CAMPAIGN CO-CHAIR ATTACKED ROMNEY WITH LEAKED DOCS...
EXEC AT CENTER OF SCANDAL GOT $42K IN BONUSES...
IRS approved liberal groups while Tea Party in limbo...
'Thin' IG report only skims surface...
GOP Rep: Impeachment Not 'Off The Table'...
Prominent Catholic Prof. Claims IRS Audited Her After Speaking Out Against Obama...
Demanded to Know Who Was Paying Her...

POLITICO: OBAMA LOSES DC...
McCONNELL: 'We've Only Started to Scratch the Surface of This Scandal'...
FRANKLIN GRAHAM: IRS TARGETED US, TOO...
Rev. Billy Graham Endorsed Romney...
IRS requests stalled applications of conservative groups up to 13 months...
'They were asking for a U-Haul truck's worth of information'...
Official speedily approved exemption for Obama's brother's 'charity'...
'Corrective actions have not been fully implemented'...
RANGEL TO OBAMA: Come clean...

FLASHBACK: 'I Bear Responsibility for Everything -- To Some Degree'...

DEMOCRATIC MAYOR OF BROKE DETROIT CALLS IT QUITS...

GOVT TAPS PRESS PHONE RECORDS FOR MONTHS

DOJ tracked 20 phone lines at AP...
Inside AP: Fear, anger, disbelief...
Swept up entire collection of records...
DRUDGE: Assume all your communications are being monitored...

REPORT: HEALTH PREMIUMS TO SOAR 400%...

Washington IRS officials targeted conservatives...

'Son of Watergate?'
40 years later -- to the week...
Top Dem calls for public testimony on Benghazi...
WASHPOST: Obama's claim he called 'act of terrorism' -- Four Pinocchios...
Cover-up 'still ongoing'...
McCONNELL: 'We've Only Started to Scratch the Surface of This Scandal'...
IRS LEAKED INFO ON CONSERVATIVES TO MEDIA
WH: 'People Were Aware' of Conservatives being Targeted, But Didn't Do Anything About It...
REPORT: IRS targeted news anchor after Obama interview...
'After interview, IRS started hammering me'...
55-questions sent to tea party group; Demands for donor lists, names of all volunteers...
BOOK: IRS retaliates against outspoken business leaders...
Tea Party groups threaten to sue...
Kentucky activist to IRS: 'Apology not accepted'...
Probe Expands To Groups Opposed To Gov't, Teaching Constitution...
Scrutiny Deeper Than Thought...
McConnell: 'Just The Beginning'...
RAND PAUL: OBAMA 'DRUNK ON POWER'...
Agency accused of leaking confidential tax documents during election...
Scandal politics sweep Capitol Hill...
FLASHBACK: Senior White House official briefed reporters on Koch brothers taxes...

CHICAGOLAND: Store Robbed at Gunpoint -- Across From Police Station!
Too late to save Detroit?

Prosecutors push to keep Trayvon Martin's past out of trial...
Pot smoking, school suspensions 'irrelevant'...

GOVERMENT TAPS PRESS PHONE RECORDS
20 phone lines monitored...
AP: 'Massive and unprecedented intrusion'...

NEW 'ENEMIES LIST'...
IRS Began Targeting Conservatives in March 2010...
Tea Party groups threaten to sue...
BOOK: IRS retaliates against outspoken business leaders...
Santelli Warns: Keep IRS Out of Obamacare!
Probe Expands To Groups Opposed To Gov't, Teaching Constitution...
Scrutiny Deeper Than Thought...
McConnell: 'Just The Beginning'...
'Kept shifting targets in tax-exempt groups'...
Agency accused of leaking confidential tax documents during election...
FLASHBACK: Romney donor vilified by Obama campaign, then subjected to 2 audits...
Did Plouffe Justify IRS Targeting Conservative Groups?

DID PRESS MAKE HIM CRY?
WILL: Carney's 'Usefulness to This Administration Diminishing Rapidly'...
NEWYORKER: 'Now there is something to it'...
KLEIN: Obama 'on the same page as Richard Nixon'...
Inhofe mulls 'I-word'...
ISSA SEEKS DEPOSITIONS...
Bachmann: Obama released IRS bombshell because of Benghazi...
FOURNIER: A PERFECT STORM...
Brokaw: 'Welcome to the Second Term, Mr. President'...
COULTER FLASHBACK: OBAMA'S SIGNATURE MOVE: UNSEALING PRIVATE RECORDS...
Watch out for Petraeus... ‘…Call it “Oval Office Couch Syndrome.”By their second term “inside the bubble,” presidents have completely lost touch with reality: Aides and confidants conspire to keep the chief executive insulated from the real world — the bad news, the worse press coverage. They think it’s their job, and lounging on the Oval Office couches, they nod along with the president’s every musing. But this presidency has taken OOCS to new heights. Mr. Obama has only a few trusted aides, and occasional leaks from the West Wing show a paranoid president suspicious of nearly everyone around him. Supremely confident, convinced by the fawning minions at his feet that he is untouchable, the president dismisses all controversy as partisan attacks by an overzealous opposition. A pliant press corps of stenographers follows in lockstep…Speaking for the White House, the flack said the CIA was fully to blame for the talking points. Fully. “That is what was generated by the intelligence community, by the CIA,” he said. For the record, this is what the CIA “generated”…’
More 'Whistleblowers Coming'...
Too late to save Detroit?
'Dysfunctional, wasteful'...
27% of Detroit Homes Vacant...

THE CAMPAIGN THAT NEVER ENDS...
President Parties with Justin Timberlake, Jessica Biel at Harvey Weinstein's Home...

Rep. threatens to subpoena Hillary...
FOURNIER: WH throwing 'under the bus?'
Media in full spin...
REPORTER: Democrats Actively Working to Undermine Testimony...
ABCNEWS: Benghazi Talking Points Underwent 12 Revisions, Scrubbed of Terror Reference...
Petraeus Expressed Frustration At Altered Account...
ATTORNEY: Whistleblower demoted, threatened...

IRS ADMITS TARGETING CONSERVATIVE GROUPS; APOLOGIZES
White House blames -- BUSH!
FLASHBACK: Obama jokes about auditing enemies...
McConnell demands investigation...
House vows probe...
IRS SPOKESMAN: 'I'm not good at math'...

Greece's youth unemployment hits 60%...

PITBULLS KILLS JOGGER IN L.A....
Pack still on the loose... ‘…Woman, 63, was running in rural Los Angeles when dogs attacked and mauled her to death, witness and police say…Residents near the site of the attack said dogs were constantly roaming the area and had attacked people before. "It's really scary," Diane Huffman told KABC-TV. "I don't know what to think. I really think I'm going to be getting a gun to protect myself."…’

AFGHANISTAN WHISTLEBLOWER: WHITE HOUSE TRYING TO SILENCE ME...

Boehner, McConnell refuse to appoint members to 'death panel' to Obamacare...
HHS budgets $150m to teach people how to enroll...

PAPER: 100 OF UK'S RICHEST CONCEALING BILLIONS IN OFFSHORE TAX HAVENS...

COPS: Man Killed Instantly After Shooting Down Live Power Line To Steal Copper...
TESTIMONY: Jackson thought God was speaking to him... { Riiiiight … he and dumbya bush, the self-proclaimed “Christian” who launched war crimes, murder and mayhem for diversion from incompetence, fraud, and military industrial complex profits as warned against by the great but underrated President General Eisenhower. }

'WHAT DIFFERENCE DOES IT MAKE?'
White House struggles to respond to new Benghazi revelations...
Shock testimony from witnesses...
Moment-by-moment account of attack...
Emotional recollection of murders...
CONGRESSMAN: 'Death is part of life'...
Fourth whistleblower blocked from testifying...
Diplomat Says Questions Led to Demotion...
Dick Morris: Beginning of end...
REPORT: CBSNEWS BOSSES IRKED BY CORRESPONDENT'S REPORTING; 'DANGEROUSLY CLOSE TO ADVOCACY'...
Hillary in spotlight...
MOTHER: 'I BLAME HER'...

THE DARK SECRETS OF 2207 SEYMOUR AVENUE...
5 BABIES BORN IN BROTHERS GRIM DUNGEON...
10 YEAR SEX HELL...
EXCLUSIVE PICTURES INSIDE CLEVELAND KIDNAP HOUSE...
Chains, Ropes, Locks...
SMOKING GUN: 'Hero' Was Repeat Domestic Abuser...
Horror as bear on bike eats monkey at end of sick circus cycle race...

NYTIMES: OBAMA 'ON VERGE' OF BACKING FBI PLAN TO TAP WEB USERS... { Though I’ve consistently backed resistance to same, I’m also aware that such has been going on for quite some time, regardless (anything on your screen is readable); and, that particularly includes my own web use, none of which is surreptitious nor hidden (ie., proxie servers, etc.) by me. }

Record 10,962,532 now on disability...

Americans 'trust TV judges more than Supreme Court Justices'...

Mother Of Slain Benghazi Victim Rips Hillary Clinton: 'I Blame Her'...
SENATOR: 'The dam is about to break'...
Could bring down administration...

Obamas host secret, star-studded bash at White House...
STUDY: Gun crime has plunged, but Americans think it's up...

THE DARK SECRETS OF 2207 SEYMOUR AVENUE...
5 BABIES BORN IN BROTHERS GRIM DUNGEON...
10 YEAR SEX HELL...
EXCLUSIVE PICTURES INSIDE CLEVELAND KIDNAP HOUSE...

*SANFORD [R] 54%
COLBERT [D] 45%

GORE $200 MILLION CASH IN BANK!
Gets Paid Over $1 Million a Day to Sit on APPLE's Board, $125,000 per hour...

Cuomo Uses Disaster Funds -- to Launch Ad Campaign
Christie's Reelection Campaign Receives 'Unprecedented' Financial Support...

O LOSES ON THE LINKS

Percentage of Self-Employed Americans at Record Low...
9.5 Million People Have Left Workforce Under Obama...

APRIL: 7.5%...
JOBS +165,000...{ Come on! Even if you believe the numbers (I don’t); most are low paying, part-time jobs, many of which were/are created to avoid the obamacare penalty with the real negative impacts a comin’. }
Revising up, up, up...
SC House Approves Bill Criminalizing Enforcement of Healthcare Law...
Gov't Unemployment at Healthy 3.3%...
BUT Numbers Mask Stubborn Problem...

WALL STREET IN WONDERLAND!
Beef prices set new high...

BLAMES MEXICAN VIOLENCE ON U.S. GUNS { Riiiiight … used in the meat, fruit, and vegetable wars, and not the benign, peace inducing, soporific illegal drug trade. Obama Blames U.S. For Crime And Gun Violence In Mexico; No Mention Of Fast And Furious Breitbart | President Barack Obama told the Mexican people today that the United States is partly to blame for Mexico’s drug violence because of illegal drugs and gun smuggling. }

RASMUSSEN: OBAMA LOWEST SINCE AUGUST...
Approve: 45%... Disapprove: 53%...
Krauthammer: (obama)The fall...

NRA Predicts Largest Convention Crowd In Its History...
'Our freedom is under attack'...

EMPIRE: Another NY lawmaker indicted, prosecutors suggest more to come...
Informants Come Forward... RAT TRAP... [“Lately there has been enough corruption charges filed against political officials to form a circus parade, including the plights of state Sen. Malcolm Smith and New York City Councilman Dan Halloran.”]

CHICAGOLAND: Prostitute Pepper-Sprays Boy, 14, Steals His Piggy Bank...

HS track team disqualified after runner gestures thanks to God...

MORNING-AFTER: IT'S OK AT 15...

SHOWDOWN: U.S. Demands Release of American in NKorea...

Student expelled, faces felony charges for leaving unloaded shotgun in car at school after skeet shooting...

ANTI-OBAMA PROTESTS HIT LATIN AMERICA...

Christie to headline Clinton event...

Feds accuse 6-year-old of plagiarism, strip her of 'duck stamp' crown...

Fed Gov't Mulls Banning: Anti-Bacterial Soap?

Foreigners now hold more than $13 trillion in American securities...
Payments in Chinese Yuan Grew by 171% From Year Ago...
Hits Record High vs. Dollar...

PUMP! PUMP! PUMP! { Goes the fed … So DUMP! DUMP! DUMP! }

POLL: Wealthy, not middle class, support Obama...

PENTAGON: Sharing Christian Faith Could Lead to Court Martial...

SICK: 42% UNAWARE OBAMACARE IS LAW

IT'S STARTING: Obamacare Tax Hike Train Wreck...
Support Nosedives...

Case Worker: Illegal Aliens Got Food Stamps by the 'Vanload'...

Home ownership rate at near 18-year low...
'Moribund presidency'...
'Maybe I Should Just Pack Up and Go Home. Golly'...
Channels Clinton's Worst Day in Office...
REPORT: Media ignores Beach Week violence, racial tensions... { Typical niggers! ‘…Reporters with all the local media had trouble describing what happened over the weekend when 40,000 black people descended on Virginia Beach for a party. Their audiences, however, did not. Daniel Johnson was one of dozens of people who had no trouble talking about the lawbreakers and the widespread chaos, danger, thefts, violence and lawlessness they brought to Virginia Beach as part of College Beach Week 2013; a time when black students could “blow off some steam” before final exams. “Because it was a group of young black college people everyone is scared to say anything for fear of being called a racist,” he said in a post to a Virginian-Pilot news story. “It is what it is – these people come to the Beach and do everything in there [sic] power to intimidate the local and visiting White people at the Beach – rude – disrespectful – dirty and violent – They come here and treat our beach like a toilet On Saturday afternoon I went to the Harris Teeter and a LARGE group of young black visitors were in the parking lot drinking and playing loud music – intimidating locals – I called the police and even though 2 cop cars drove by nothing was done!” Police reported 900 emergency calls to 9-1-1 Saturday night involving at least three shootings, three stabbings and three robberies. That they know of. All during a four-hour period. People in Virginia Beach are furious and are taking to Facebook and the local news sites to have their say…’
Gun owner stops home invaders dead Black mob attack on elderly white halted Strategy: Reduce violence by taking away Facebook Media label black-mob violence 'mischievous teens' Violent threats follow Detroit takeover Black mob beats man 'for no reason' 7 injured at party for 13-year-old rapper 'COPS' slammed for truth in portraying blacks as criminals }

CHICAGOLAND: Another murder near Obama's home...
Detroit Takes Top 3 Spots For Most Dangerous Neighborhoods...

Philly Cop Stabbed, Robbed Of iPod During Violent Attack...

GAO Now Investigating 'Homeland' Ammo Purchases...

After Criticism, New 3-Page Obamacare Form...

PEW: 1/3 Mexican Adults Would Migrate to USA...
Gov't to Fine Companies for Not Complying With Wiretap Orders...

Rand Paul Warns of '1984' Surveillance Scenario...

Former London mayor blames USA...

WAR DRUMS: SYRIA...
Missiles fired at Russian passenger jet...
Syrian PM survives Damascus bombing, 6 die...

Economy Grew 2.5% in First Quarter...
Debt-to-GDP: 105%...

SHOCK VIDEO: 10-Year-Old Pulls Gun On Woman On Philly Street... { Yup … niggers startin’ early … but, he didn’t pass a background check … riiiiight! … little booty in addition to the family’s welfare, food stamps, obamaphones, and more than likely, jailhouse room and board for the folks, etc.. And, more nigger-city-philly fun when they’re not plundering, maiming, robbing, killing humans, to pass their time between and during rap sets … Kitten Set On Fire }
Girl, 13, Arrested For Trying To Rob Woman In Central Park... { Yeah … good guess … they’re young female niggers along with an 11 year old nigger boy! }

Chicago: A Shooting Every 6 Hours... { Eh … what the heck … they’re just spirited spooks, fun-lovin’ niggers out for some goodtimes in a heartland city of america … }
Heroin Epidemic Spreading Throughout Suburbs...

'HOMELAND' USING 1,000 MORE ROUNDS PER PERSON -- THAN ARMY?
Denies Ammunition Purchases Aimed at Civilians...
NOONAN: Obama fatigue becomes apparent...
W Gets Emotional, Cries...
ROBINSON: Bush record looks worse and worse... { I’ve seldom agreed with anything ‘one note robinson’ has had to say; but, I absolutely agree with this, except that it should read, ‘bush/obama record looks worse and worse’ to be credible. “Looking Forward, Not Backward” Is Not Only Stupid … It’s Also Illegal Washington’s Blog | Obama’s Failure to Prosecute Wall Street Fraud Or Torture Harms Our Country … And Violates the Law. }

Record 1 out of 5 Households on Food Stamps...

Individual policies to cost 25-50% more next year...
McConnell: Entire Country Should Be Exempt From Obamacare...

SUCK UPS: NY TIMES REPORTER VOWS TO SAVAGE DC INSIDERS WITH BOOK...

UPDATE: Falsely Identified 'Boston Bomber' Found Dead In River...

AP: Obama has stuck with many Bush policies, from counterterrorism to immigration to Gitmo... { Indeed, that is absolutely true; and, that is so despite wobama’s b***s***/campaign promises to the contrary; and, they are both unequivocally failed presidents and a major reason for america’s unequivocal decline! Dumb and dumber! Do not try to re-write theirs among others’ histories of failure with ‘feel good’ propaganda/falsity! }

REPORT: $3 MILLION RETIREMENT CAP IN OBAMA'S BUDGET WOULD NOT APPLY TO HIM... { That’s also part of the problem with these dumb and dumber precursors of decline and fall of the nation … their incompetence, venality, and failure doesn’t hurt them a bit! }
Lawmakers, aides may get Obamacare exemption...

Obama Administration Paying People To 'Recruit' Folks Onto Food Stamps...
Fraud More Than Doubles In 3 Years...

REPORT: IRS issued billions in improper tax refunds... { How ‘bout this one: … Federal government reviewing prison phone charges AP … Why not just give them tax-payer funded obamaphones … riiiiight! … sounds like a plan the black caucus behind the requested review would say … }

House GOP concludes Hillary Clinton blew Benghazi response...
Report...

REPORT: AP TWITTER ACCOUNT HACKED...
Says president injured in White House explosion...
Markets Reel, Recover...

Black Detroit Bar Owner Threatens To Use Deadly Force Against White Teen Graffiti Artists... { America The Fallen: 24 Signs That Our Once Proud Cities Are Turning Into Poverty-Stricken Hellholes http://theeconomiccollapseblog.com http://albertpeia.com/americanhellholes.htm }

REPORT: Judge drops three murder charges against Philly abortionist...
Obama to headline fundraiser for largest US abortion provider...

OBAMACARE: More seniors getting scammed...

Hospital bedbug infestations double...

STATS: Americans 'snapping' by the millions... { That’s difficult to imagine/fathom inasmuch as from my direct experience, americans are already predominantly and inherently criminals and mentally ill … in other words, already snapped! }
Record fear, stress, suicide... { America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc. http://theeconomiccollapseblog.com http://albertpeia.com/usno1.htm }
Kids so addicted to iPads they need therapy...

Red Sox slugger: 'This is our f***ing city!'
FCC Blesses F-Bomb: He 'Spoke From the Heart'... { More excuses … if that was from the heart ( of a nigger ) that would have been an mf-bomb as in mother****ing city! }

Bomb Threats, USA...
Alabama: 3 Hospitals...
Connecticut: Courthouse...
Pennsylvania: Shopping Village...
Iowa: Neighborhood...
Florida: Office Building...
Buchanan: Did brothers Tsarnaev fail?

Goldberg: Welcome To 'The Era Of The Suspicious Package'...

Bomb Squad Called In Over Backpack During Central Park Race...
CHICAGOLAND: City police have arrested woman 396 times! { ‘…Rolon recognized Shermain Miles because he’s seen her more times than he can count — drunk, half-naked, cursing and, on one occasion, lunging at another woman with a dinner fork. Since 1978, Chicago Police alone have arrested Miles 396 times, mostly on the North Side — under at least 83 different aliases. Those arrests include 92 for theft, 65 for disorderly conduct, 59 for prostitution-related crimes and five for robbery or attempted robbery. The frustrating truth: The system — strapped by overcrowded prisons and cuts to mental health funding — hasn’t been able to save Miles from herself or to help the communities she menaces. Nothing has worked. Not jail. Not prison. Not countless psychological exams for the woman described as being “acutely psychotic.”’ }
Farrakhan son is part-time cop, but hasn't worked shift in 4 years...
UN-DONE: Starving NKorea begs for food from Mongolia...

Fitch Downgrades United Kingdom's AAA Rating...

PAPER: Obama lulled America into false confidence over terror threat... { Don’t forget wobama’s tacit endorsement by silence over threats of domestic terrorist violence, riots, mayhem by his domestic terrorist supporters if he should lose the election! Mainstream media surely was complicit in this wall of silence surrounding these pervasive and unprecedented (in this nation) election threats of violence and intimidation! }

BROTHER BOMBERS: 1 DEAD; 1 CAPTURED...

Bragged of Bombing...

BOSTON A GHOST TOWN...

SHOOTOUT VIDEO...
Photos/timeline...

Bomb suspect ALIVE AND IN CUSTODY...
Sustained significant blood loss...
DISCOVERED: House owner went to check on his boat...

Bomb suspect pinned down in Watertown...
'Body' found in boat...
SHOTS FIRED...
15-20 Seconds Of Gunfire...

TEXAS INFERNO; DOZENS FEARED DEAD

Boston Bombings Bring Americans Closer to Living on Edge...
Videos Said to Show 2 Suspects...

Texas Rocked By Fertilizer Plant Explosion...
PAPER: '50-50' chance cause could be criminal...
Blast Rocks Five-block Radius...
'It was like the whole earth shook'...
VIDEO...
POLICE: UNCLEAR HOW MANY TRAPPED...
Looters Raiding Homes...

SHOCK: Elderly Food Cart Vendor Stabbed To Death On Philly Street...

Thieves Stealing Aluminum Cans From Residents' Recycling Bins...
Sinkhole swallows 3 cars in Chicago...

PAPER: 'Truly lame-duck president'...

OBAMACARE: Individual plans to cost 80% more starting 2014...

BIG SIS: DRUDGE REPORT is not credible... { Riiiiight … anything she doesn’t say ‘cause if she, ‘the devil in the infamous blue dress’, says it, it MUST NOT BE TRUE! }

CHAOS IN BOSTON
Looters hit marathon route after bomb blasts...

Federal courthouse, hospital evacuated...
Bomb threat...
'Code Red'...
REPORT: SUSPECT IDENTIFIED...
Two suspects singled out in video footage...
'One In Particular Most Interested In'...
Suspect caught on LORD & TAYLOR security cam...
'Man In Black Jacket On Cell Phone, Wearing Gray Hoodie, White Backwards Cap'...
CNN backs off arrest report...
FBI scolds network...

DC JITTERS...
SECRET SERVICE: RICIN-LACED LETTER SENT TO OBAMA... DEVELOPING...
Postmarked Memphis...
'Suspicious Package' in Senate Office Building...
Evacuation...
Sent to Sen. Roger Wicker; No reason given...
Senator: Police have suspect...
All Mail Delivery to Capitol Stopped as Precaution; Offices on High Alert...

Immigration bill contains free cell phones...

Background checks fail...
Wary Democrats won't commit...
AP: Headed for defeat...
SENATE KILLS GUN DEAL...
Bloomberg RAGES...
Feinstein Fumes...
Biden Wipes Away Tears...
Cuomo Complains...
Obama: 'Just Round One'...
McConnell bugger visited White House...
Reid Mocks: 'Imagined Tyranny'...
Reid to pivot from guns to Internet sales tax...
REPORT: FBI investigated Reid in 2008; Papers made public now secreted, sealed...
GALLUP: Only 4% of Americans Think Gun Control Important Problem...

REPORT: Wife of ex-judge confesses to Texas DA murders... { Well, now we know this was not a ‘vast right-wing conspiracy’ hatched by ‘gun totin’ white supremacists’ as ranted by the left and blacks! So much for their ‘armed white militia’ theories (which fit in so seamlessly with their anti-2nd amendment/anti-gun rants)! }

Congressman: Immigration Bill 'Worse Than We Thought'...
Legalizes Relatives and Previously Deported...
844 Page Bill Would Take 3 Days to Read NONSTOP Before Friday Morning Hearing...

EXPLOSIVES MADE OF PRESSURE COOKERS...
REPORT: Bombs Made to Look Like 'Discarded Property'...
2nd Victim ID'd: Spectator Went To Finish Line To Take Photo...
BIG SIS: No 'broader plot'...
$50,000 Reward Posted...
Roommate speaks out about Saudi national being questioned by FBI...
HUNT FOR BOSTON BOMBERS...
Explosives packed with ball bearings; 3 dead, 170+ wounded; 17 in critical...
'25, 30 people have at least one leg missing'...
Martin Richard, 8, among dead...
Witnesses recount war zone at marathon... ***WARNING: GRAPHIC CONTENT***

Envelope tests positive for ricin at Washington mail facility...
Sent to Sen. Roger Wicker...
No reason given...
All Mail Delivery to Capitol Stopped as Precaution...

DOUBLE BLAST AT BOSTON MARATHON

Two explosions near finish line... DEVELOPING...
REPORT: Suspect apprehended...
COPS: 2 dead, 23 injured...
'People Missing Limbs'...
BLAST VIDEO...
AFTERMATH FOOTAGE... **WARNING: Graphic**
Other unexploded devices possibly found...
REPORT: Fire at JFK library...
LIVE STREAM...

DOW skids 265...

GOLD PLUNGE...
Investors Bail Amid Collapse...
'PANIC EVERYWHERE'...
Worst two-day loss since 1983...
LIVE...

FOREIGN HOLDINGS OF US DEBT TO $5.7 TRILLION...

Sebelius Scapegoats GOP For Coming Obamacare Mess...

Obama Proposes More Taxes -- But Tax Code Is Already 13 Miles Long!

OBAMA ONLY PAYS TAX RATE OF 18%?

CT senator uses shooting 'to raise campaign cash'...

Congress quietly votes to hide financial disclosures...
Terry McAuliffe Under Fire for Inflated Jobs Claim...

WSJ: 'Business credential fast turning into crony-capitalist embarrassment'...

POLL: 65% of women favor stricter gun laws; only 44% of men do...

NUCLEAR WAR 'UNAVOIDABLE' { Who Gave North Korea Nukes In The First Place? Paul Joseph Watson | The U.S. government and the CIA. http://albertpeia.com/usgavenokoreanukes.htm }

BOW OR BREAK: KERRY ON SCENE...
CONGRESSMAN: THEY HAVE NUKES...
Kerry contradicts intel report...
Pentagon Deploys Sea Radar...
INSIDE NKOREA: SHOCK PHOTOS...
China conducts military drills...
Partytime in Pyongyang...
FIRST TARGET: JAPAN...
PSY's new single steals attention...

NKOREA: 'Powerful striking means' on standby...
WATCHCON 2: Missile spotted in strike position...
US intelligence reveals launch zone...

$50,074: Gov't Spending Per Household EXCEEDS Median Income...
FEDS TO COLLECT RECORD TAXES IN 2013...

Greek Unemployment Soars to Record 27.2%...

Jay-Z brags about communist cuba (a haven for murderous black panthers, ie., joanne chesimard who killed an american Highway Patrol Officer) trip in rap...
'OBAMA SAID CHILL, GONNA GET ME IMPEACHED'...
'I got White House clearance... Politicians never did @#%& for me'...

SEQUESTER SOUL (nigger party animal) SHOW LIVE FROM WHITE HOUSE

Teenager in canada commits suicide after canuck gang-rape photo goes viral...

Beaver bites man to death...

Severed goat's head dropped off at Wrigley Field...
Capone Descendants Sign on For Reality Show... { Sure… Why not? trump has that joke of an (un)reality show! }

SEQUESTER SOUL SHOW LIVE FROM WHITE HOUSE

Safe from Sequester: NATO Ambassador's Home Alotted $700K -- for Gardening!

Chinese colonel says bird flu is US biowarfare...

32 GUN PURCHASES EVERY MINUTE UNDER OBAMA

Underground City of Homeless People Discovered In Kansas City...

Flash Mob Of 200+ Teens Storms Philly Street During Rush Hour...

Clarence Thomas Speaks: Many black communities in decline...

US, Japan Now Global Allies in Money Printing...
OBAMACARE ARCHITECT: Law 'beyond comprehension;' After bad start, 'will only get worse'...

Another Exclusive Party at WH -- at Taxpayer Expense...
Will White House release guest list?
10th 'command performance'...

REPORT: US held secret meeting with NKorea in March... { Worked like a charm! Riiiiight! }

WHO BUGGED GOP?
'Nixonian tactics' decried...
FBI asked to investigate...

More Than Dozen States Push For Gold as Legal Tender...
Bernanke Backlash...

2014: DEMS BEGIN TO FREAK OVER OBAMACARE CHAOS...
Doctors being driven to bankruptcy...
Mitch McConnell joins Senate gun filibuster...
POLL: Obama underwater on guns, immigration, deficit...

China looking at direct yuan trade with Aussie dollar...

REVEALED: Obama doesn't control his TWITTER account...
FLASHBACK: 70% of Follwers 'Fake'...

Firearms Co Moving To TX After Perry Invite...

Business Owner Burglarized 15 Times Camps Out In Store With Gun, Catches Crook...

90 MILLION OUT OF LABOR FORCE

MARCH JOBS: Payrolls grew by 88,000 workers...
663,000 Drop Out...
ANALYSTS: Tax hikes to blame, not sequester...
DOW DROPS 100 PTS IN 60 SECONDS...
WH: 'US economy continuing to recover'...
Gov't Unemployment Rate Drops to 3.6%...
As economy flails, debtors' prisons thrive...

Obama budget to target retirement accounts...
RAISE TAXES AGAIN!

REPORT: City recruits minority lifeguards -- even if they can't swim! { Wow! Talk about politically correct insanity! Having myself taken the course and received the Red Cross Lifeguard/Lifesaving Certification (college days summer part-time job/shore-baywatch) I can honestly say that the written/in-water test was no joke, neither simple nor a ‘piece of cake’ for obvious rationally based reasons! }

PAPER: Fears NKorea could trigger nuclear strike next WEDNESDAY...
Loads missiles onto launchers...
ALL embassies told to evacuate staff from Pyongyang...

GLOBAL COOLING: WASHINGTON LOWERS RHETORIC...
China 'losing patience'...

Wealthy Neighborhoods Hire Private Cops as Cities Lay Off Police...
Houston Town Hires Security...
Chicago Proposal Would Allow Sponsorship of Law Enforcement...
Private Security Patrols on Rise in Oakland...
EMPIRE: BLOOMBERG FINGERS CUOMO

Record 8,853,614 Americans on Disability...

Grandmother Of 10 Holds Burglar At Gunpoint At Her Home...{ Now, what do you suppose would have happened if she was not armed? }

$423,500 Stimulus Program on 'Correct Condom Use' Yields Zero Jobs...

DTW airport pulls newspaper after headline: 'Detroit, the Most Miserable (Nigger) City in America'...

PYONGYANG PREPS MISSILES...
Japan, U.S. bases in range...
U.S. Warns of 'Regime Change'...
'Suicidal'...
Warplanes moved to Philippines...
American Troops Poised at Border...
'Chemical battalion' deployed to South...
Kim Jung-Un claims 'smaller, lighter' nukes...
China snubs requests...
SKorea president hoping for best, preparing for worst...

NKOREA APPROVES 'MERCILESS' NUKE ATTACK ON USA

MISSILE DEFENSE TO GUAM...
Russia worried by 'explosive' situation...
China military buildup on border continues...
U.S. Troops Stand 'Poised to Respond' at Border...
'Could make preemptive strike'...
Kim Jung-Un Losing Control?

Obamacare in Trouble? Exchange provision delayed until 2015...
JOE KLEIN: Early incompetence 'really bad sign'...
Cancer Clinics Turning Away Thousands of Medicare Patients...

POLL: One in four Americans think Obama may be the antichrist...

POVERTY SPIKES TO 1960S LEVELS...
Nearly 50 Million Americans Below the Line...
Child Hunger Rates 'Alarmingly High'...
REPORT: $700 million in Katrina relief money went missing...
VIDEO: Man Beats, Robs Woman In B'klyn Subway...
REPORT: NY Dem Sen caught on FBI wiretaps bribing GOP bosses...
DUMBFELLAS...
Bloomberg Blames 'Partisan Elections'...
Thieves steal six miles of copper wire!

Britain's Debt-to-GDP Reaches 90%...

EMPIRE: New York government 'most corrupt in USA'...
Plot to Buy Spot on Mayoral Ballot...
Senator, Councilman Arrested...

REPORT: FBI busts top NY Dem in 'bribery plot' to rig mayor race, run as Republican...
Woman waiting at NYC bus stop dragged to cemetery, raped at knifepoint...

GA town passes law requiring residents to own guns... { Well, there’s a town most criminals will avoid, having lost their armed advantage! }
'Armed Citizen Project' may expand to Dallas...
UN GOES FOR GUNS
Millions Face Surprise Tax Bills Under 'Obamacare'...
{ THE END OF BARACK OBAMA? SCANDAL/ECONOMIC DISASTER BREWING! Porter Stansberry http://albertpeia.com/usobamadisaster.htm }

Obama Asks Congress For $100M To Map Brain...
Calls Himself 'Scientist-in-Chief'...
Approval under water...

First major U.S. city goes under...
Stockton, CA, to enter bankruptcy...
California's net worth at negative $127.2 billion...
Chinese Yuan Hits Record High vs. Dollar...
Reagan Budget Guru Declares: We've Been Lied To, Robbed and Misled...
China-Australia to Ditch US Dollar...
Obama, Pelosi issue Easter Sunday fundraising appeals...
Wasserman Schultz: We're Broke!

CURL: Obamas living the 1% life...

DC TV station tweets Obama greeted at NCAA game with 'cheers and boos'...
OBAMA ACCUSED OF TRYING TO 'NATIONALIZE' ELECTIONS...
STUDY: New Yorkers Enjoy Less Freedom Than Residents Of Any Other State...
UPDATE: Hundreds of teens rampage in downtown Chicago...
WAR DRUMS: US MOVES GUIDED-MISSILE DESTROYER ON NKOREA
Kim Jong-un targets American soldiers in latest video...
WAR DRUMS: U.S. Moves Stealth Jets to SKorea...
NKorea vows to strengthen nukes...
[ RT: 'Challenging the dollar': Bitcoin total value tops $1 billion
Kuwaiti activists to rally for Gitmo prisoners, hunger strikers 'prepare for death'

Land grab: Israel gave less than 1% of seized West Bank to Palestinians

North Korea: The stakes behind the rhetoric ]

CHICAGOLAND: Cops Swarm 'Wilding' Scene As Hundreds Of Youths Run Amok on Magnificent Mile...
Women attacked on train...
VIDEO...

PRESIDENT'S GRAND PLAN: SPEND MORE!
SEQUESTER JESTERS: DEMS WARN OF AIRPLANE TERRORISTS, PRISON RIOTS, COCAINE FLOODING STREETS...
SPRING BREAK: Biden heads to golf resort for third vacation of year...
WH SCRUBS SKI VACATION REPORT...
Obama daughters leave behind Bahaman beaches, hit Sun Valley slopes...
SECOND SKI TRIP THIS YEAR! [ ‘In March of last year, the White House requested media outlets remove accurate reports that Malia Obama was on a trip in Mexico with over two dozen Secret Service agents.The First Family has been criticized in recent days for taking frequent vacations. Earlier this week, Breitbart News broke the story that the Obama daughters spent part of Spring Break at the Atlantis resort on Paradise Island in the Bahamas.  Michelle Obama and the First Daughters took a separate ski trip last month to Aspen, Colorado.  While each of these trips require a significant Secret Service presence, the White House canceled public tours this month citing Secret Service staffing costs…’ ]
'Jew in the box' exhibition in Berlin museum...
Big depositors in Cyprus to lose far more than feared...
Roland Martin Criticizes 'White Male' CNN Executives...
Sports Website Mocks 'Exceedingly White' People Celebrating Win... { It is hard to see why inasmuch as chicago’s become the quintessential niggertown with murder/crime rates to match! }

NKorea Rockets 'Ready To Hit US Bases'...
HAGEL: Have To Take Threat Seriously... { Indeed you do! Threat to U.S. mainland means California … and, I’m in California which makes that a threat against me! Time to call them, call them out, up the ante … Let’s dance! After all, the multitude of nations, particularly in that region, would love nothing more than to see the creation of the 8th wonder of the world; viz., the largest crater lake and parking lot (formerly the failed communist nation of north korea) in the history of this planet. Moreover, their problem of feeding their people who are consistently on the brink of starvation owing to their insane inordinate spending on ‘guns vs. butter’ will be forever solved. Come on you porcine pieces of s*** (don’t they look like pigs right out of Orwell’s ‘Animal Farm’, particularly the leaders ill kims un, deux, twats, et als)… Let’s ‘rock-and-roll’! } [ NKorea cuts all channels with South as 'war may break out any time'... 'Photoshopped' marine landings photograph... WSJ: Running out of threats... { NKOREA PUTS FORCES ON TOP ALERT... Prepares for 'strikes against the US mainland'... { Yeah … right! In some circles such would euphemistically be called an existential, suicidal event for north korea. But, there’s something about those north Koreans from an evolutionary perspective. They’ve got to be the ugliest Asians on the planet. I’m quite serious. They truly are ugly people, particularly the leadership. One must wonder if ugliness is what it takes to lead in communist north korea; a trait passed on generationally. I mean, really. Their economy invariably a disaster, barely able to feed their people, it must be nutritional deficiency wreaking havoc with their minds and bodies. }

WAR DRUMS: Pentagon sends B-2 bombers to SKorea...
North 'burning with hatred' for USA... { Coming from the belligerent, uncivilized, failed communist state of nokeorea, such can only be deemed a positive and complimentary. }

MAG: Secret Republican Plan to Repeal 'Obamacare'... { Sounds like a good idea! ADMITS: Yes, ObamaCare is raising insurance costs... Will soar 62% in CA, 80% in OH, WI! }
Cyprus banks reopen, with strict restrictions...
PHOTO: TRUCKS CARRY CASH...
'THEY HAVE STOLEN OUR MONEY'...
FABER: Not Even Gold Will Save You From What is Coming...
World's oldest bank reports loss...

Chicago ranks LAST in prosecuted federal gun crimes...

Republican arrested for stealing '22 cents worth of peanuts'...

Thousands of armed vigilantes takeover Mexican town, arrest police, shoot at tourists...

Newark, New Jersey Considers Curfews, Armed Guards For All Businesses...
'White Union' Claims Black-On-White Crime Problem... { http://albertpeia.com/blackonwhitecrime.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm

http://albertpeia.com/blackonbrowncrime.htm

http://albertpeia.com/blackonyellowcrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm }

CDC: 110,197,000 VENEREAL INFECTIONS IN USA

ADMITS: Yes, ObamaCare is raising insurance costs...
Will soar 62% in CA, 80% in OH, WI!

Watch Out, World Bank. Here Comes the BRIC Bank!
China and Brazil Ditch US Dollar...
Iraqi oil: Once seen as U.S. boon, now it's mostly China's...
PAPER: New global visions are welcomed...

Cyprus Banks Opening: Guards Prepare for Battle...
€300 daily withdrawal limit...
No money allowed to leave country...
Russia to ban cash transactions over $10,000...
FABER: Not Even Gold Will Save You From What is Coming...
Bomb Blast Near World-Famous Acropolis...

WAR ON JAY LENO: Soho House summit, secret e-mails... MORE...
WAR ON LAUER: Entreaty to Anderson Cooper Suggests Shake-Up at 'TODAY'...
'COMCAST wants all the old people out'...

Immigrant Hops Border Fence as McCain, Schumer watch...
NKorea cuts all channels with South as 'war may break out any time'...
'Photoshopped' marine landings photograph...
WSJ: Running out of threats... { NKOREA PUTS FORCES ON TOP ALERT... Prepares for 'strikes against the US mainland'... { Yeah … right! In some circles such would euphemistically be called an existential, suicidal event for north korea. But, there’s something about those north Koreans from an evolutionary perspective. They’ve got to be the ugliest Asians on the planet. I’m quite serious. They truly are ugly people, particularly the leadership. One must wonder if ugliness is what it takes to lead in communist north korea; a trait passed on generationally. I mean, really. Their economy invariably a disaster, barely able to feed their people, it must be nutritional deficiency playing havock with their minds and bodies. }

A VACATION A MONTH...
FAMILY SPRING BREAK TAKES PRECEDENCE OVER WHITE HOUSE TOURS...

In Russia, teen complains of adoptive US parents...

UPDATE: University files charges against student who refused to stomp on Jesus...

PEW: Court Approval Reaches All-Time Low...

TWO GAY RIGHTS CASES HIT SUPREMES...
WIRE: CONSERVATIVES GIVE SAME-SEX MARRIAGE MOMENTUM...
FLASHBACK: QUESTIONS ABOUT JUSTICE KAGAN'S SEXUALITY...
Chief's Lesbian Cousin Will Attend Hearing...
Cases could end with a whimper...

10,000 DRONES IN SKY BY 2020
{ Mayor Bloomberg On Drones: "Oh It's Big Brother, Get Used to It!” ... - Zero Hedge }
FLASHBACK: Mayor's guards get special permission to carry guns in Bermuda...
Gov't spends more on disability than food stamps, welfare combined...
14 million collect checks every month...
Biden's $321,665 Limo Bill...
SPRING BREAK: Sasha, Malia Obama vacation at Bahamas' 'Atlantis' Resort...CYPRUS TO SEIZE CITIZENS' CASH...
40% grab on accounts above €100,000...
Russians stand to lose billions...
WARNING: OTHER countries will be raided...
Clash with Germany...
Regulation wipes out profits for UK banks...
PAIN IN SPAIN...
CA county administrator to earn $423,664 a year -- for the rest of her life!
CA town on edge after rash of 'door knock' burglaries...

Jim Carrey releases song for 'heartless motherf***ers unwilling to bend for safety of our kids'... { What do jim carrey and chris dorner have in common besides the obvious fact they’re nutcases and severely mentally ill? … They were both for gun control! }

IHOP HORROR IN NEWARK NEW JERSEY: Manager Shot Dead, 2 Hurt After Fight Breaks Out...

ISRAEL FIRES INTO SYRIA...
Locusts swarm in on Passover eve...
'Mossad spy' spilled secrets to Hezbollah...
Syria chemical weapons: Finger pointed at jihadists...
House Intel Chair: 'Red Line Has Been Crossed'...
Iraq WON'T halt Iran arms flow...
Did Obama Give Israel Go-Ahead?

TAKE HAIRCUT OR GET OUT!

Bloomberg kicks off $12 million gun-control ad campaign...
FLASHBACK: Mayor's guards get special permission to carry guns in Bermuda...

Biden forced to give up expensive weekly flights home to Delaware under sequestration...

NEW WORLD ORDER
With US-Russia relationship toxic, Moscow looks to strengthen ties with China...
China 'to overtake America by 2016'...

OBAMACARE: 6 in 10 physicians will retire earlier than planned...
Official: 'Let's just make sure it's not a third-world experience'...
Insurers Warn on Premiums...

Biden's One-Night Paris Hotel Tab: $585,000.50...
$459,388.65 Hotel Bill in London...

'Homeland' Denies Massive Ammunition Purchase...
Won't Answer Congress...
Cover-up?

USATODAY: America less popular in Middle East now than under Bush administration... { That’s because they hadn’t fully realized the extent of bush’s damage to the region; and, that also applies to america as well, with failed presidents bush/wobama the 1-2 knockout punch! }

'Most Palestinians hate Obama'...
No love in Jordan, either...

UK FACES GAS RATIONING IN RECORD COLD SNAP...

TIME RUNNING OUT...
Euro zone notes reveal extent of alarm over Cyprus...
Frantic effort to prevent run on banks...
Meltdown looms...

'HOMELAND' TO SCAN EMAILS, MONITOR WEB TRAFFIC

Big Sis Refuses To Answer Congress On Bullet Purchases...
State offers cash reward for reporting illegal gun owners...

LENO: NBC 'EXTINCT'... { No joke! nbc is a horribly, failed network! Always for sale! }
Cuomo state budget includes 'Jimmy Fallon' tax credit to lure 'TONIGHT SHOW' back to NYC...
'MUST BE FILMED BEFORE A STUDIO AUDIENCE'...
'Temporary' Tax On Wealthiest To Continue Indefinitely...

NEXT STOP: JORDAN...
Obama urges Israelis to compromise for peace...
'Most Palestinians hate Obama'...

Sarkozy Charged In Corruption Probe...

Obama battles to woo public...
Berates Journalist After Being Asked About Middle East Failures...
'Really hard problem'...
GLOBAL COOLING: Bethlehem rioters set fire to pictures of US prez...
WH map 'erases' Jerusalem...
House Leadership New Jersey Dem Probed over Trips to Scotland, LA...

Sequester Jester: Depart of Ed creates new six-figure job...

Bill would require federal workers be fired for failure to pay taxes...
SENATOR: No pay for WH budget writers until Obama delivers one...
CYPRUS VOTE THREATENS NEW EURO TURMOIL...
BANKS MAY NOT REOPEN...
Seeks Russian bailout aid, EU threatens cutoff...

French police raid IMF chief LaGarde's Paris home...

Afghan spokesman labels NATO war 'aimless and unwise'...

FEINSTEIN FOILED ON GUN GRAB

Congressman Asks Big Sis to Explain Huge Ammo Purchases...

Chicago Cop 'Overwhelmed' By City Violence Takes Own Life...

GLITCH: CHASE Customers See Bank Balance Reduced to Zero...
Carney Won't Say Whether Obama Will Cut Back on Lavish Vacations, Golf Trips...
Hacker Begins Distributing Confidential Memos Sent To Hillary Clinton On Libya, Benghazi Attack...

SHOCKING DETAILS EMERGE FROM PHILLY ABORTION TRIAL...
SNAPPED NECKS OF 'TEN FETUSES'...

Clockwork Orange: France a 'savage' nation, book claims...
Revolt against City of London's medieval elders...

Cyprus set to seize personal savings...
Plan moves ahead as vote delayed...
BANKS SHUT DOWN UNTIL THURSDAY...
Putin: 'Unfair, Dangerous'...
FT: Here come bank runs...
Germany: Not our idea...
Will Italy follow?
Europe's leaders run out of credit...

HOLLANDE APPROVAL FALLS TO 31%...

HOLDER INVESTIGATES WALL STREET (Could it be?) JOURNAL (Riiiight …. The paper as in journal, like those worthless pieces of paper at best, fraudulently floating and being commissioned at lightning computerized speed on wall street- What a total joke holder et als/doj are! )...

Obama's White House 'open to the rich and closed to the poor'...

GALLUP: OBAMA 47%...

Feds ALREADY Spend $30.5 Billion More in First 5 Months Than Previous Year...

Bozell Blasts GOP Leaders: 'You Are Not What You Promised To Be'...
Coulter blasts Rubio, 'endless Bushes' on immigration...

DEUTSCHE BANK: 'Only Jesus can save Eurozone'...

WAR DRUMS: US DEPLOYS MISSILES

NKorea fires missiles into Sea of Japan...
Slams 'reptile media'...

President Mocks House Dem -- But Ends Up Looking Like Jerk...

OBAMA SAYS IRAN 'ONE YEAR' AWAY FROM NUKE... { Wow! By previous israeli et als handwringing estimates, Iran got nukes several months ago. Yet, israel already has illegal nukes in abundance! }

FBI snooping tactic ruled unconstitutional...

BANKRUPTCY LAWYER TAKES OVER IN DETROIT...

COULTER: Trouble in the new york nanny state...

Middle East in turmoil 10 years after Iraq invasion...

U.S. General Puts Troops in Afghanistan on Security Alert...
UK admits 'unwinnable war'...
Australian soldiers caught playing golf and sunbathing in enemy areas...

FROM BUENOS AIRES WITH LOVE

First Pontiff From the Americas...

POLL: Global image of America plummets...

CHICAGOLAND: Man killed over way he wore his hat...

Dem Budget Increases Spending 62% Over Next Decade...

China's Drone Swarms Rise to Challenge U.S. Power...

EU MESS: Grillo warns Italy will be 'dropped like hot potato'...

'OBAMACARE' PRICE SHOCK FOR PETS

AP: Applying for Obamacare 'as daunting as doing taxes'...

DETROIT'S FINANCIAL CRISIS DEEPENS...

Senate Dems offer $1 trillion in new taxes...
WH plan will not balance budget...

SEN. CRUZ TO RALLY CONSERVATIVES ON CPAC EVE...
Obama Won't Balance Budget 'Just for the Sake of It'...
CONCLAVE CONVENES...
A chapel vote, then a papal vote...
Cardinals swear oath of secrecy...
The 20 contenders...
Anti-mafia cops raid diocese...

PEW: Fewer Americans Than Ever Trust Govt...

JUDGE SLAPS DOWN SODA BAN

ESCAPE FROM NEW YORK: Paulson eyes Puerto Rico tax haven move...
Billionaire looks to shield wealth...

GE STASHES $108 BILLION OVERSEAS...
White House Staffers Raking In Big Paychecks Despite Sequester...

SHOCK POLL: More Prefer Congressional Republicans Over Obama On budget...
House Dems Move Away from Obama...
Ask for details on drone policy...

FACEBOOK reveals secrets you haven't shared...

Suburbs secede from Atlanta...
'Detroit of the South?'... { The u.s. cities, including washington d.c., are just a bunch of nigger-towns (with all that that negatively entails)! }

So-Cal quake could be foreshock for something larger...
Los Angeles Shakes...
LIVE MAP...
Officials Urge Residents To Prep For '2 Weeks On Your Own'...

Germany's anti-euro party is nasty shock for Merkel...
Greece may still have to quit euro...

WAR: KARZAI ACCUSES USA, TALIBAN OF COLLABORATING

AIR FORCE ERASES DRONE STRIKE DATA
CIA Brennan takes oath on draft Constitution -- without Bill of Rights...

PAPER: Declining US power...

UPSIDE DOWN: Colorado lowers tuitions for illegals...
Army suspends tuition assistance for troops...

Number of Tax-Delinquent Government Workers Up 11.5%...

FEB JOBS NUMBERS... { And the reality is far worse than this, with make-work/makeshift jobs, with unaffordable additional debt and money the nation doesn’t really have, even if you believe these numbers … I don’t … not even for a second! }
+236,000... { Look at the backward revisions down substantially … in their minds, ‘no harm, no foul’, which of course is ridiculous and total fraud and b***s*** … their strategy being that no one really looks or focuses on the revised previous period’s numbers which of course is part of the reason the nation’s predicament is intractably dire! }
7.7%...
WHITES: 6.8%...
HISPANICS: 9.6%...
BLACKS: 13.8%...
TEENS: 25.1%...
Santelli: 'Are We THAT Far Down the Hole?'

{ What a Total, Unequivocal Disaster and Embarrassment Chicago (among other american cities) Is! }

CHICAGOLAND: Morgue to post photos of unclaimed bodies online...

'GODFATHER' wants sex offender-type registry for 'gun offenders'...

Rand Paul fires back: McCain, Graham think 'whole world is battlefield'...

Boehner-Obama Deals Add $21,817 in New Debt Per Household...
REPORT: Obama's vineyard vacation plans underway...

SHOCK: 80% Of Recent NYC High School Graduates 'Cannot Read'...

PHOTO: Bloomberg-Backed Anti-Gun Lobbyist Enjoys 'Assault Weapons'...

KY senator filbustering CIA nomination...
'I will speak until I can no longer speak'...
Won't let Obama 'shred Constitution'...
Cruz Joins 'Modern Mr. Smith Goes to Washington'...
177th anniversary of fall of Alamo...
LIVE... HOLDER: Obama 'has authority to kill citizens in USA'...

Sen. Cruz slams Holder's defense of drone strikes against Americans...

Biden dumb as ashtray...
Gingrich a prick...
Obama is lazy... { I don’t know about the rest of the book; but I agree and posit as true the foregoing three Roger Ailes observations! }

STOCKS ON A HIGH...
PAPER: Dow Jones speeding on Fed steroids...
CRAMER: 'We all know it's going to end badly'...
Gov't Borrows $254 Billion in Feb...
NYC Leads Jump in Homeless...

REPORT: Trayvon Martin's girlfriend lied...
{ ZeroHedge: CRAMER: 'We all know it's going to end badly'... The Last Time The Dow Was Here...Submitted by Tyler Durden on 03/05/2013 -"Mission Accomplished" - With CNBC now lost for countdown-able targets (though 20,000 is so close), we leave it to none other than Jim Cramer, quoting Stanley Druckenmiller, to sum up where we stand (oh and the following list of remarkable then-and-now macro, micro, and market variables), namely that "we all know it's going to end badly, but in the meantime we can make some money" - ZH translation: "just make sure to sell ahead of everyone else", just like everyone sold ahead of everyone else on October 11th 2007, the last time stocks were here...GDP Growth: Then +2.5%; Now +1.6% Regular Gas Price: Then $2.75; Now $3.73 Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million Americans On Food Stamps: Then 26.9 million; Now 47.69 million Size of Fed's Balance Sheet: Then $0.89 trillion; Now $3.01 trillion US Debt as a Percentage of GDP: Then ~38%; Now 74.2% US Deficit (LTM): Then $97 billion; Now $975.6 billion Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion }

GALLUP: O 46%...
CBO: Federal Revenue to Set Record in 2013...
Bloomberg booed in storm-ravaged Rockaways...
Coast to coast, states brace for budget shock...
DC economy to take 'the worst'...
NOW LOCUSTS IN HOLY LAND...
W.H.: 'No set price' for meeting with Obama...
SPAIN'S JOBLESS HITS RECORD 5 MILLION...

'I AM NOT A DICTATOR' [ That’s what they all say … next thing he’ll be saying for Bob Woodward’s consumption is ‘I’m not a crook’ … Riiiiight, O! You just act like one! The reality is that at some point the coverup for this failed president by adopting failed policies to obscure/hide his failed presidency must end. The reality is that this guy just can’t ‘cut the mustard’. The reality is that this guy, O, is total bull s**t and an unmitigated failure by any criteria by which you can measure a presidency (including his own as set forth in his last campaign…you know, that deficit thing that he was going to cut by half by the end of his first term but instead increased more than all the presidents combined! Then there were all those prosecutions to come of the huge wall street frauds, still extant by way of legislated FASB Rule change and now marked to anything, that never happened in fact.) (REPORT: Obama's golf weekend with Tiger cost as much as 341 furloughed federal workers... ) Krauthammer: Obama Only Left Out "Pestilence, Earthquake, Brimstone And Plague" In Sequester Warning CHARLES KRAUTHAMMER: Well, they know that they really overshot it. It was the … { Yeah … I mean, how quickly wobama changes tune and message … the message being ultimately, true to form and his history … obama’s full of s**t! Then again, we can all blame it on that fickle teleprompter! }

INCOMES DROP MOST IN 20 YEARS...
Money left over after taxes biggest plunge since 1959...
Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'...
President's plan: $1 trillion in new taxes...

Chicagoland: New tax puts cigarettes at $11 a pack...

EUROZONE JOBLESS HITS ANOTHER RECORD...
Italy hits 21-year high...
26.2% in Spain...
Britain slides toward new recession...

DNC defaults on DUKE ENERGY 'loan' for convention costs...
FLASHBACK: 'First convention in history that does not accept any funds from corporations'...

Reporter: 'People Waiting For Woodward To Die'... { Really? Don’t hold your breath! They’re going to have to wait a long time … if they even survive him, that is! }

Florida man (jeff bush) missing after bedroom swallowed by sinkhole...
...opened up beneath home
100-FEET WIDE...

WASHINGTON MOCKS WOODWARD... { How totally pathetic nigger-town washington’s become! }
Press turns on one of their own... { Oooooh! … Greater ‘access’ for the compliant assured thereby is the message! }
Andrew Sullivan: He's 'a liar'... { Riiiiight! Wobama the B for Bull S***’s the truthteller … }
Plouffe: He's getting old... { Come on! Scientists have just proclaimed 72 the new 30 … truth be told, even self-servingly I don’t buy that! But really, the truth is that the formidable Bob Woodward is getting wiser! }
{ WHite House Threatens Another Journalist WMAL.com February 28, 2013 Bob Woodward isn’t the only person who’s received threats for airing the Obama administration’s dirty laundry. It seems anyone is a potential target of the White House these days – even former senior members of the Clinton administration. A day after Woodward’s claim that a senior White House official had told him he would “regret” writing a column criticizing President Obama’s stance on the sequester, Lanny Davis, a longtime close advisor to President Bill Clinton, told WMAL’s Mornings on the Mall Thursday he had received similar threats for newspaper columns he had written about Obama in the Washington Times.Davis told WMAL that his editor, John Solomon, “received a phone call from a senior Obama White House official who didn’t like some of my columns, even though I’m a supporter of Obama. I couldn’t imagine why this call was made.” Davis says the Obama aide told Solomon, “that if he continued to run my columns, he would lose, or his reporters would lose their White House credentials.” }
POLL: Only 6% Rate Media as Very Trustworthy...
Internet edges TV networks as public's source for news... { As it should be! }

GOOGLE/NSA hoarding $48 billion in cash...
Donated to Honor FTC Chairman While Being Investigated...

GLASS SASS: 'Using smartphone is emasculating'... { If you only knew the contents of most texts/tweets you’d have to agree! }

IRS Furloughs to Begin AFTER Tax Season...
Federal workers vent anger at politicians...
Obama gives Republicans a meeting -- for 7 minutes?
Maxine Waters predicts 'over 170 million' jobs lost... { Yeah … the porn sites will be hit hard by substantially lower traffic as the do nothings will formally join the other niggers on the public dole! }
United States of austerity...

POLL: Only 6% Rate Media as Very Trustworthy...
Internet edges TV networks as public's source for news... { As it should be! }

White House pushes high court to support gay marriage... { To support wobama’s prospective second marriage! Might they also support bestiality unions and hence wobama’s first marriage thereby? }
Big Sis Regrets Timing of Immigrant Release... { Yeah … riiiiight!

Army Private Admits Giving Files to WIKILEAKS...
Says USA 'obsessed with killing'...
Tried to pass info to NYT, WASHPOST, POLITICO...

WHITE HOUSE THREATENS WOODWARD:
'YOU WILL REGRET DOING THIS' {The nigger approach … to elections, governing, etc., etc. }

Watergate reporter blasts Obama 'madness'... By Susan Heavey WASHINGTON | Feb 27, 2013 (Reuters) – ‘Journalist Bob Woodward on Wednesday criticized Barack Obama's handling of the automatic U.S. budget cuts set to take effect this week, calling the president's decision to hold back on military deployments "madness."His comments continued what has become a running dispute between Woodward, perhaps the country's best-known print journalist, and the Democratic White House over who is responsible for the across-the-board cuts scheduled to begin on Friday. Last week, Woodward published an opinion piece in the Washington Post - where he is an associate editor - saying the administration was "wrong" to blame the cuts on Republicans…’
WHITE HOUSE WARNS WOODWARD: 'YOU'RE GOING TO REGRET DOING THIS' { That’s a threat! }
'It makes me very uncomfortable'... { WOODWARD: It was said very clearly, you will regret doing this. }
POLITICO: Exclusive Details... ‘Bob Woodward called a senior White House official last week to tell him that in a piece in that weekend’s Washington Post, he was going to question President Barack Obama’s account of how sequestration came about - and got a major-league brushback. The Obama aide “yelled at me for about a half hour,” Woodward told us in an hour-long interview yesterday around the Georgetown dining room table where so many generations of Washington’s powerful have spilled their secrets… Woodward repeated the last sentence, making clear he saw it as a veiled threat…’

ALL TAX, NO CUT: WILL HE (BOENER) CAVE AGAIN?

Dems complain about presence of debt clock on Capitol Hill... { Riiiiight! Sounds like a plan! }

Obama's Paycheck Exempt From 'Sequester'...
Taxpayers Give Big Banks $83 Billion a Year...
REPORT: White House Sells Meetings with Obama for $500k... {To be sure, an added cost to the taxpayers some way! }
Carney dodges...
MSNBC, With Ex-Obama Aides, Now Almost 'Bona Fide Organ of State Propaganda'...
Stevens: Republican revival must go beyond joining TWITTER... { Yeah…Unfornutnately, with some exceptions, if it’s something that can be said in a ‘tweet’, it’s probably not worth saying, or taking up time reading! More like, just another mind-numbing, anxiety-relieving compulsion, at best! }
Atheists 'face discrimination around globe'... { Indeed! After all, the ‘globe’ can’t be wrong ‘all the time’. Actually, I have previously stated that I can empathize with the agnostic ( F. Lee Bailey was notably in that category by prior self-proclamation, among others ); this world being such as it is, human beings such as they are. Yet, said position is still unequivocally, absolutely incorrect; but, understandable. The position of the atheist is at the least intellectually dishonest (at worst, constituting a petulant penchant for the ‘great lie’ and in some instances, an inherent capacity for great evil). But, as well, incorrect, and certainly not understandable; and all the more wrong by positing something they don’t and hence, obviously, could not know as being so. Atheists are, quite simply…pathetic! }

UK DOWNGRADED

Firearm Co's REFUSING Sales to Gov't Agencies...
WOODWARD: Obama fibs on budget cuts...
PAPER: Low-income consumers hit hardest by tax increases...
President Gets Economic Advice from Sharpton...
Firefighters facing possible discipline after appearing with Obama...

PUBLIC TURNS ON GODFATHER...

CUOMO MACHINE GOES AFTER STATE WORKER -- FOR TALKING...

ABERCROMBIE to close 50 stores...
Bernanke downplays new bubble worries...
Gas-price increase is record for S California...
TB Outbreak Hits LA ...
'Streak Of Light' Spotted Across Skies...
Bank of England closes in on China currency deal... { Mervyn King, Governor of the Bank of England, is on the brink of striking a deal with the People's Bank of China which would cement the UK's role as the leading G7 trade hub for the world's fastest growing currency. }

LIMBAUGH: FOR FIRST TIME I'M ASHAMED OF MY COUNTRY...
'The cycle, the claims, the threats, the crisis, Armageddon'... { Little late to the party for rush as per that Boston song, it’s ‘More than a Feeling’! }
SOOTHE: Obama holds off-record meeting with top White House reporters...
POLITICO FROZEN OUT AFTER 'PUPPET MASTER' COLUMN...
MAG: Detroit Tops List Of Most Miserable Cities...
POLICE: LA hotel guests bathed, drank from rooftop water tank where body decomposed for two weeks...
'Water did have funny taste'...

800,000 PENTAGON LAYOFFS...
Three-hour security lines at airport?
FOURNIER: 'Mr. President, This is Crazy'...
Fed Officials Divided On Inflationary, Failed Endless Pumping...
Desperate U.S. Postal Service tries to find its 'cool' factor...
Jesse Jackson Jr. pleads guilty to campaign finance fraud...
White Britons are minority in London for first time... { Yeah … and like america, the brits are acting like a bunch of niggers! }
Russia seeks return of adopted boy in US after brother's death...
PHOTOS: Four months after Hurricane Sandy, Jersey Shore still a wasteland... { At least, some good news … http://albertpeia.com/jerseywasteland.htm }

Sheriff Warns Of 'Second American Revolution'...
REPORT: Ohio Poll Worker May Have Voted SIX TIMES... { Finally Drudge! … I thought you’d never get to this! }
ATLANTIC CITY'S NEWEST CASINO TO FILE FOR BANKRUPTCY...
Gas prices could hit all-time record highs... { wall street’s gains, your pains! }
USDA to illegals: Don't worry, food stamps won't affect citizenship chances...
Thieves Steal $160K Worth Of Bronze From Mausoleums, Grave Sites...
REPORT: Secret U.S. military flights carried officials, equipment to NKorea...
Woman turns 102; Quits 82-year smoking habit...

SUPER SECRET SPRING BREAK: PRESS KEPT AWAY The White House press corps is expressing frustration over its lack of access this weekend to President Obama, who was on a golfing vacation in Florida.
Leading Geneticist: Human Intelligence Declining... http://albertpeia.com/humanintelligencedeclining.htm
FACEBOOK GETS MULTIBILLION-DOLLAR TAX BREAK
CHICAGOLAND: Feds issue Jesse Jackson Jr. indictment -- while Obama in town to deliver speech...
Obama Agenda Seen as Dead in Water by Republicans...
State of The Union Viewership Drops 11%...
Least Watched Since 2000...
LIMBAUGH: Obama Will Never Be Held Responsible for Anything...
Milbank: The debauched...
Pair Of Pit Bulls Go Wild, Viciously Attack 4 People In 30-Minute Rampage ...
Dog facelift ends in tragedy...
Knut skinned, fur used for new museum statue...

SEC Freezes Assets In 'Suspicious' HEINZ Trading...
Swiss Account...

Copper Thieves Darken Detroit Freeways...

EX-LAPD WANTED IN COP SHOOTINGS...
Left 20-page manifesto on FACEBOOK...
Uncensored... { http://albertpeia.com/niggersmanifesto.htm }
Supports gun control, Obama and Piers Morgan... { Yeah … and venal-la feinstein’s position on guns too … he seems the perfect fit for DHS (homeland security); you know, disarm the sane leaving them defenseless while stocking up on heavy weaponry they and other nut-cases can kill you with … loves O …You can’t make this stuff up in pervasively corrupt, meaningfully lawless, defacto bankrupt america http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
Wrote online message to Tebow...
Two innocent women shot by police in manhunt...
Statewide 'officer safety alert' issued...
POLL: Obama's approval rating collapses; 46%...
HA HA! Ohio Election Official: 'I Voted Twice for Obama'... { And, far from alone, election fraud was rampant! }
Kitty Kelley goes soft in Obama Era... { Indeed! And, like never before, there’s so much there. Afraid of the niggers? Probably! What journalistic cowardice and lack of journalistic integrity! And, not just with her! }
BLIZZARD NOW
DETAILS: NYC... BOS... RADAR...
HISTORIC, EXTREME SNOW...
Winds near hurricane force...
WATCHES/WARNINGS...
Long Gas Lines...
'Panic Shopping'...
Neurosurgeon Lectures Obama on Obamacare... ( DR. CARSON: ‘Here's my solution: When a person is born, give him a birth certificate, an electronic medical record, and a health savings account to which money can be contributed -- pretax -- from the time you're born 'til the time you die. When you die, you can pass it on to your family members, so that when you're 85 years old and you got six diseases, you're not trying to spend up everything. You're happy to pass it on and there's nobody talking about death panels. Number one. And also, for the people who were indigent who don't have any money we can make contributions to their HSA each month because we already have this huge pot of money. Instead of sending it to some bureaucracy, let's put it in their HSAs. Now they have some control over their own health care.’) { Sounds smart, good, and rational to me! }

Panetta: Obama Absent Night of Benghazi...
Hillary AWOL...
GENERAL: 'We Never Received a Request for Support'...
86-Year-Old Woman Uses Gun on Intruder...
Currency Wars Return, 1930s Style...
Fed Has Bought More U.S. Debt This Year Than Treasury Issued...
LaHood: 'America is one big pothole'... { Unfortunately, the reality is that america’s far worse than just a big pothole! }
Top London Properties Now Worth More Than All Rest of UK... { In other words, Not Worth It! }

DIE HARD: Bruce Willis Fights Gun Control...
George Zimmerman family 'threatened by niggers,' requires security, on the move...
CHICAGOLAND: Police To No Longer Respond Immediately To Burglaries, Car Thefts...
{In the latest nigger news:} Flash Mobs Turning Into Epidemic On NYC Streets; NYPD Powerless...
3 People Stabbed On NYC Subway Platform...
Basketball Coach Shoots Attackers... (WXYZ) - Police sources tell 7 Action News that a women's basketball coach from Martin Luther King, Jr. Senior High School shot two men who attacked him as he was walking two basketball players to their cars in the school parking lot.CLICK HERE FOR THE LATEST UPDATES Police sources say the coach was walking the two girls to their cars when two men allegedly approached and one pulled out a gun and grabbed him by his chain necklace. The coach then pulled out his gun and shot both of them, according to sources.The man who shot the attackers was 70 years old, according to police.One of the attackers was found dead in the median on Lafayette Boulevard, and the other was taken to a local hospital, according to police sources. We've learned that both of the men had attended the high school, and one had been recently expelled. Read more: http://www.wxyz.com/dpp/news/man-shot-near-martin-luther-king-jr-high-school-in-detroit#ixzz2K4VUwpF9
CBO: Obamacare will cost 7 million workers healthcare coverage...
Gas prices hit all-time record high for early Feb...
8,830,026: Americans on Disability Hits New Record...
Sheriff Joe's credit-card info stolen, used at Chicago grocery store...

Justice Department to sue Standard & Poor's...
FLASHBACK: S&P downgrades U.S. credit rating...
Rev Jackson calls for Homeland to patrol Chicago...
'Worse than Capone gangland days'...
CHICAGOLAND: Cops Shut Down Prostitution 'House Of Horrors'...
COPS: Teen throws boy, 9, off roof... http://albertpeia.com/negroesatplay.htm
REPORT: Fourth flight to Dominican by Dem Sen raises new questions...
Home state newspaper casts doubt on Menendez...
PROSTITUTE: 'THEY THREATENED THOSE GIRLS'...
OBAMA: 'NO DOUBT' WE NEED MORE NEW TAXES...
Gasoline costs take biggest share of household income in three decades...
STOCKS TAKE WORST ONE-DAY DROP THIS YEAR...
UPDATE: POWER GOES OUT AT DOME DURING GAME... {AP1-23-13: No! I didn’t watch the monkey bowl nigger show at half-time, and only parts of this year’s monkey bowl. Wow! San franny, on their fanny, should give former san fran mayor, venalla feinstein a call to send in the big guns before she bans them. Whoops…need to break the momentum of rival of niggertown favorite, san fran so power outage in niggertown new orleans…definitely hurricane katrina’s fault…riiiiight …better give nigger ray nagin a call to get things back up and runnin’…whoops, no can do – nigger ray’s just been indicted ( http://www.nola.com/crime/index.ssf/2013/01/a_breakdown_of_the_payments_to.html ) …Besides, this is a great way to level the playing field for the hometown nigger purse-snatchers…you know, lights out and all. Actually, I truly am rooting for the ravens, but not much…reason? To thwart this year’s egregious wall street fraudulent, manipulated ‘january effect’ superstition; viz., an AFL team nigger bowl win means according to mental case wall street superstition, bear market/bad stock market (actually, ‘sell now before may and go away’ is the apposite axiom regardless who wins). This is the last monkey bowl I’ll be watching even part of. If you’re rooting for san Francisco, be sure to where some flowers in your hair. This was the sh**iest monkey bowl I’ve ever seen even a part of! }

UNEMPLOYMENT RATE BACK UP TO 7.9%...
ASSOCIATED PRESS: 'mostly encouraging'...
8,500,000 Americans Left Labor Force In Obama's First Term...
POOF: Another 170,000 disappeared in January...
Retail Workweek Hits 3-Year Low...
Massive revisions to earlier numbers...
Gas prices to top $4 again...
IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family...
Obama Admin Delays Keystone Pipeline Decision Another 6 Months…
SUICIDE BOMBING AT U.S. EMBASSY...
Eighth Embassy Attack During Clinton Reign...
REID BACKS MENENDEZ AMID UNDERAGE PROSTITUTION CHARGES...
Long before FBI raid, NJ senator tried to help donor's Dominican Republic business...
Bob dodges press...
PROSTITUTE: Senator 'likes the youngest and newest girls'...
CHICAGOLAND: Murderer Mistakenly Released From Prison...
Driver shot to death on Lake Shore Drive ramp...
Tawana Brawley served with court order to pay man she accused of rape in 1987http://albertpeia.com/rememberingtawanabwana.htm

IRANSYRIA THREATENS TO RETALIATE AGAINST ISRAEL...
Syria: Israel Struck Military Site...
Russia: Unacceptable...
UN: Israel Must Withdraw From Judea...
Settlements 'violate Palestinian rights'...
Jobless claims rise sharply...

Detroit suburb mulling $5 rat bounty program... { Actually, what the anti-cat ‘lobby’ conveniently didn’t mention in their recent anti-cat rant is that disease-carrying mice/rats are the largest component of the mammals cats kill; and, of the prehistoric dinosaur remnant birds, disease-carrying pigeons figure prominently among cats’ kills. (You also don’t see cats mauling/killing babies/children/humans as with dogs that should be more widely known as well for eating their own feces-I saw this first hand of a pedigreed german shepard before learning that eating their own feces was a dog trait). I happen to like birds, ie., Hawks (regal ferocity), Humming Birds (aerodynamics), and Owls (hunters/I just like them) in that precise order; but, I do like cats much more. When I’d jog home from the gym in the evenings I began carrying a small (18 inch tube) metal club and developed a proficiency for ‘running down’ and killing rats [ There were so many, particularly near the trash cans. I got up to 123 (confirmed) kills (I didn’t count those mortally wounded but slinking into the safety of, ie., the sewer) before stopping because of cries of ‘outrage’ from the niggers here in LA when they occasionally witnessed same (Wow! Can you believe it? Always somethin’ to complain about for the niggers, no matter how irrational!); and that became not worth the ‘controversy’. For the further record, if pellet guns were allowed, I’d ’wipe out’ disease-carrying pigeons; and, without compunction or hesitation, I’d ‘wipe out’ all venomous, fanged creatures, ie., poisonous snakes, all spiders, scorpions, etc., without exception; and of course, I’d ‘wipe out’ such vermin as cockroaches, bed bugs, mosquitos, etc.. I would not kill bees (pollination, etc.) however, except for those that tried to sting me. ] }

SHOCK: ECONOMY SHRINKS { And, that’s with all the printing/inflating/manipulating/spending what they don’t have! }

GDP -0.1%...
Santelli: 'We Are Now Europe'...
Job market booming at IRS...
DEMS: BEST LOOKING CONTRACTION YOU'LL EVER SEE...
Automatic Budget Cuts More Likely as Stances Harden...
Pension insurer warns of rising deficit...
Dollar at 14-Month Low vs Euro...
FED: KEEP PUMPING...

CHICAGOLAND: 15-Year-Old Who Performed At Obama Inauguration Shot Dead...

City murders more than double Afghan death toll...
Records Deadliest January In 11 Years...

Faber: Better Enjoy Market Rally While You Can...
USA debt headed toward 200 % of GDP -- even after fiscal cliff deal!
CHARLIE DANIELS: Nanny State Policies of this President Will Result in 'Chaos and Bloodshed'...
Benghazi my greatest regret...
Republicans like terrorists...
SENATOR: 'hillary clinton got away with murder'...
White slaves, black slaveowners in new play...

Feinstein: NRA is 'venal'... { Wow! That feinstein can say that with a straight face just shows how and why the once great state of California has fallen so far and fast.}
Government Officials Can Still Own Assault Weapons Under Feinstein Bill...
O: 'I GO SHOOTING ALL THE TIME'
BIG SIS TO PURCHASE 7,000 'ASSAULT RIFLES'...
BLOOMBERG REFUSES TO DISARM

Warning from David Mamet... { David Mamet is absolutely correct, of course. You absolutely cannot depend on the feds et als for your defense and best interests! }

(NIGGER)LAND OF LINCOLN downgraded...
Rated 'worst' state in country...

CHICAGOLAND: 7 MURDERED IN SINGLE NIGHT...
Mother loses 4th child to shooting...

Detroit's ex-mayor back in jail...
Treasury skewered for doling out 'excessive' CEO pay packages after bailouts...
Argentina and Iran form 'Truth Commission'...
Israel warns of possible pre-emptive strike in Syria...

Key facility hit?
Kissinger: Iran nuclear crisis close... [ Kissinger Predicts Nuclear War with Iran { This would be a zionist wet dream come true! And, a disaster for literally everyone else, particularly for pervasively corrupt, defact bankrupt America whose prior orwellian pro-israeli moves have not turned out well for anyone including america except for israel, the war profiteers and the military industrial complex as warned against by the underrated but great president General Eisenhower! } Kurt Nimmo | Characterizes looming conflict as “a turning point in human history.” { Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby doesn’t even have to pay kissinger for such folly! How ‘bout the turning point being the misguided balfour declaration and the subsequent existing 200+ illegal israeli nukes! } Video: Globalist Kingpin Predicts Nuclear War with Iran Prison Planet.com | Globalist kingpin, renowned war criminal and Rockefeller co-conspirator Henry Kissinger is talking up a nuclear conflagration. { Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby doesn’t even have to pay kissinger for such folly! How ‘bout the turning point being the misguided balfour declaration and the subsequent existing 200+ illegal israeli nukes! } ]

COURT TO OBAMA: ABUSE OF POWER

HOLDER MOVES ON GUNS...
Communist Party USA cheers...

UK heads for unprecedented 'triple dip' recession...

Feinstein Gun Control Bill Would Exempt Government Officials...
Lacks Dem Votes to Pass Dem Senate...
REPORT: Stricter gun laws fail to drive down gun-crime rates...

'MENTAL HEALTH CHECK' { I agree with Drudge’s pictoral implication that lobotomy joe is nuttier than a fruitcake! }

AMERICAN IDOL Racism Row: Nine Black Rejects Sue FOX Show... { Absolutely preposterous! Just another manifestation (and infestation) of niggers requiring irrationality to supplant rationality; whether that be elections (threats of riot), self-defense (threats of murder against those who defended against typically murderous criminal niggers), etc., plus the added ‘purse protection’ for females subjected to famously probable purse-snatching-niggers, along with other violence (see numerous examples infra, plus crime stats); plus, this is a privately owned network. Nobody tells the black enterprise network, etc., to have more white people. As a practicle patter, who wants the typical problems with niggers, ie., if they don’t get picked, elected, etc.. Forget the niggers! They’ve done enough damage. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

Fed's Holdings of U.S. Gov't Debt Hits Record $1,696,691,000,000 -- Up 257%!

APPLE STOCK ROTTEN...

Number of Sheriffs Refusing to Enforce New Laws Snowballs...

Zuckerberg to fundraise for Chris Christie... { L’il Hoodie and humpty dumpty! }

Assange Calls DREAMWORKS' WikiLeaks Movie 'Massive Propaganda Attack'...

I Will Implement 'President Obama's Vision For The World'... { That’s a big negative! Then there’s the big question … which one? … the one that he says, or the one that he does … either way, that means big failure in a very big way! }

Taliban: Prince (harry) has 'mental problem'... { Indeed he does! Well, what else is there to do but to run around the world killing people. After all, bastard son of Hewitt, he’s not too bright nor good at anything at all and he brits are known worldwide as such s**ts as they did in his own mum too. }
Attenborough: Humans are plague on Earth...
Japanese minister: Let elderly people 'hurry up and die'... { With all japan’s luck with all things nuclear in the last half century, they probably won’t have to worry about that! }
Environmental advocate launches campaign to ban cats as pets... { In favor of dinosaur-remnant indigenous birds…what a dinosaur he is…how primitive! }
Post Office cuts threaten source of black jobs... { and source of the Post Office’s problems, in large part …takes two or three niggers to do the same work of one non-nigger, they are so lazy and unproductive. The niggers are also error prone, and don’t give a hoot that they are. ‘That Detroit workforce’ has done wonders for america’s auto industry. }
699 teleprompter speeches, 83 days of vacation...
REPORT: ALL HOSTAGES DEAD IN ALGERIA
RANGEL: 'Some of the Southern Areas Have Cultures We Have to Overcome'... { The reality is that northern areas such as fraud capital of the world, national drain new york, have cultures we must overcome. After all, obama himself said rangel should resign with some dignity, not fully realizing that like chicago, and other northern areas, dignity is not required for federal, state, local government office or anything else for that matter. Just looking and acting like a nigger is sufficient! }

GALLUP: O 49% APPROVE...

'(0)HIGH(0) ON HIS POWER' { Yeah, the story of failed state ohio! }

NOONAN: Obama overplaying his hand...{ Indeed he has, as niggers always do and always will! }

Fast And Furious: Man Claims To Have Shot U.S. Border Patrol...

CHRISTIE: NRA Ad 'Reprehensible'... { Humpty dumpty speaks! The jersey glory boy of sardonicus tom kean! Never trust a half-breed Sicilian, former federal government slug! }
129 DAYS LATER: FBI DIRECTOR IN LIBYA FOR BENGHAZI INVESTIGATION... { mueller, as was his corrupt predecessor louis freeh, is a total waste! There isn’t anything about america that’s not ultimately, in the final analysis, criminal/totally fraudulent! Germany Starts a Central Bank Run http://albertpeia.com/trustingamericainsanity.htm }

CHICAGOLAND: Teen killed at end of high school basketball game...
A MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm

RUBIO: Abuse of executive powers...
23 'Executive Actions'...
After Speech: 'Par-TEE!'

SECOND CONGRESSMAN SUGGESTS IMPEACHMENT...
BROWNSTEIN: Expect Obama to Get EVEN MORE Aggressive...
Gun stocks soar...
HURT: Personal liberty under fire...

THUGS BRUTALLY BEAT TOURIST ON GREENWICH VILLAGE STREET USING BAT, TIRE IRON { If only the tourist had a gun! }...

PAPER: Time to start switching out of US assets...

13-year-old girls beat woman at bus stop 'for fun'... ( Uncivilized niggers, of course! )
Girl gang hails cab, then chokes, robs driver... ( Uncivilized niggers, of course! ){ CHICAGO (FOX 32 News) – ‘The Chicago Police Department has issued an alert in the 2nd District of Wentworth for several armed robberies that have occurred during the month of January.The offenders, described as six to seven African American females with a light completion between the ages of 16 and 20, enter cabs in the Loop. Upon arrival to their destinations on the South Side, one of the girl chokes the driver with a rope or cord, while another threatens the cab driver with a knife, demanding cash. Authorities say the group then jumps out of the cab… Read more: http://www.myfoxchicago.com/story/20546398/alert-group-of-girls-sought-armed-robbery-cab-drivers?obref=obinsite#ixzz2ICcZA7FJ
Indonesian judge jokes that victims may enjoy rape...

Citizens File Articles of Impeachment Against Obama...

REDDIT Founder's Father: 'Aaron...Was Killed by the Government'...

NRA Ad: Obama Is 'Elitist Hypocrite'...

Cuomo Quickly Signs Into Law To Avoid Run...
{ The foregoing and the following are together … only the mob families should have guns, death penalty says mob’s man cuckoo coumo. }
Corleone apologizes for decades of Mafia murders...
MORE DEATH ON NYC SUBWAY...

RAND PAUL: 'Having a monarch is what we fought the American Revolution over'...

Reporter Mocks Carney: 'I'm Not Going to Indulge Your West Wing Fantasies'...

Fitch may downgrade U.S. credit rating...
Long-Term Unemployment Highest Since World War II...
Welfare spending to rise 80% in next decade...
HOUSE SPENDS $50B ON SANDY AID... { Replaying Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

White House to miss budget deadline; Breaks law...

Workers raiding retirement funds to pay bills...

Reid denies involvement in Utah businessman scheme... { ‘SALT LAKE CITY (AP) — Senate Majority Leader Harry Reid's office said Monday he was never involved in a deal to have a Utah businessman pay the senator to make a federal investigation disappear…’ Sounds very american to me; the bribes part, pay to play, etc.; that’s what I’ve seen, and worse… http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

Michael Savage: Don't trust feds on flu shot...{ Or anything else, for that matter. Indeed, from my direct experience, the actions/inaction of the feds are geared toward making one reliant/dependent upon them (ie., food stamps, faux disability, unemployment comp extensions, ‘protection’ from rampant, blatant crime or not, etc., despite america’s defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence and venality. In fact, stepping back, I have seen first hand those siding with/benefiting from (and the encouraging of more crime), ie., RICO defendants et als, actually rewarded by the pervasively corrupt/defacto bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a combination of and tantamount to what is essentially hush money, bribes, etc.). Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless nation of marauders/thieves that no longer even remotely resembles what it purports to be and arguably once was. Armed Robberies Spike Following Game... { Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

CONGRESSMAN WARNS OBAMA: IMPEACH YOU { http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm }

White House readies 19 executive orders on guns...

SHRINK: We are creating 'generation of deluded narcissists'... http://albertpeia.com/deludednarcissists.htm ‘…We must beware of the toxic psychological impact of media and technology on children, adolescents and young adults, particularly as it regards turning them into faux celebrities—the equivalent of lead actors in their own fictionalized life stories…’ Read more: http://www.foxnews.com/opinion/2013/01/08/are-raising-generation-deluded-narcissists/#ixzz2HXlpfElS Indeed, and america’s got the ‘perfect (failed, like them) president’ for this deluded generation of of ‘legends in their own minds’; viz., choom gang fantasizer in chief, wobama the b for b*** s***! Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }

Obama to follow in footsteps of Hitler, Stalin with ‘executive order’ disarmament of the American people Mike Adams | Obama is going to march America down the dark halls of history by following in the footsteps of Adolf Hitler, Joseph Stalin, Mao Tse Tung. Biden Says Obama to Use “Executive Action” to Restrict Second Amendment Kurt Nimmo | Lobotomy joe biden says violating the Constitution is an act “worth taking.”

GODFATHER OF CORRUPT CHICAGO RETURNS TO DC TO PUSH GUN CONTROL...
CHICAGOLAND: 22 DEAD IN BLOODY START TO YEAR...

New India Gang Rape: Woman Hanged from Tree after Sexual Assault in Bihar [VIDEO] { What can you expect from ‘animals’ who believe they might reincarnate (ridiculous! - there is, however, such thing as demonic possession) as other animals (‘…Hinduism is based on the concept of omnipresence of the Divine, and the presence of a soul in all creatures, including bovines. Thus, by that definition, killing any animal would be a sin: one would be obstructing the natural cycle of birth and death of that creature, and the creature would have to be reborn in that same form because of its unnatural death. Historically, even Krishna, one of the most revered forms of the Divine (Avatar), tended cows…’ Wikipedia) }

6 ARRESTED IN NEW GANG RAPE OF A BUS PASSENGER IN INDIA...
Woman hung from tree after rape...

India reports 25 rapes in week following Delhi gangrape IBNLive  { See, as per the californication amerikan jurisprudential scholar/jurist/judge, these 25 girls may not have realized it, but, they really wanted it … you know, otherwise, as per the californication jurisprudential scholar/jurist/judge these subconsciously consensual encounters could not have happened because the body would ‘just say no’ to such liasons if nonconsensual. There you go! … american jurisprudence has done it again as they guide us through those dark, shadowy, murky areas of the law that would otherwise label violent criminal rapists as violent criminal rapists. (We’re talking India here; but, violent rape among a plethora of other substantial crimes including murder, huge protected ie., wall street, etc., frauds, armed robberies, etc., are rampant in pervasively corrupt, defacto bankrupt america.) India gang-rape suspects to face murder charges (CBS/AP) NEW DELHI - Indian police charged six men with murder on Saturday, hours after a woman who was gang-raped and beaten on a bus in New Delhi nearly two weeks ago died in a Singapore hospital. { Clearly, says the california-american jurist/jurisprudential scholar, this girl was not a victim but really ‘wanted it’ and while she may have been screaming/saying ‘no’, she really meant ‘yes’ since otherwise her body wouldn’t have permitted that rape (and beating) to happen. See … now that’s why we have professionally educated/trained judges … to ‘split the pubic hairs’, so to speak … (that judge should be forced to step down)} Calif. judge says a victims' bodies can prevent rape CBS News SANTA ANA, Calif. A Southern California judge is being publicly admonished for saying a rape victim "didn't put up a fight" during her assault and that if someone doesn't want sexual intercourse, the body "will not permit that to happen.” { Wow! Spoken like a true california american jurist. Well, with violent rapes on the rise along with other serious violent among other crimes in america and california particularly, and elections being what they are, ‘might as well go with the flow’ might have been the ratio-decedendi. After all, most violent criminals in america are closet pacifists/peace corp members and if the body says yes or no but the mind subconsciously says yes, only then will a rape happen (NOT!); and, no violent rapist would let a LIVE/CONSCIOUS rape-resistor get in the way of implicit consensual rape. Wow! I initially was going to quip, ‘he doesn’t get out much’; but, maybe he just ‘gets out too much’. Wow! What more can anyone say! [ If the foregoing didn’t make sense to you, that’s because the californication judge’s outrageous statement is absolutely preposterous! ] }

RADIO WAVES: Hannity: States could leave union if feds continue 'radicalized, abusive' pattern...

Obama gives himself lifetime protection with armed guards 24/7...
FLASHBACK: Obama opposed bill to allow person to use gun to save own life in own home { Yeah … that would endanger his fellow niggers in large part according to crime stats! } ...

NRA RANKS SOAR...
Obama 'agenda to attack Second Amendment'...
CLASH...
GOOGLE searches for 'Hitler gun control' spike...
Biden Hints at Outlawing Unregulated 'Private' Sales...
WY Lawmakers Propose 'Gun Protection' Legislation to Thwart...
Kirchner attacks Falkland Islands 'invaders'... { Invaders indeed! Time to call british spades, spades! We fought a revolution after so doing! Some more brit reality: 18 Facts That Prove That Piers Morgan Is Flat Out Lying About Gun Control http://albertpeia.com/piersmorganlyingaboutguncontrol.htm }

'THE RIGHT OF THE PEOPLE TO KEEP AND BEAR ARMS, SHALL NOT BE INFRINGED'

Obama's 81% Support in New York City Best in 114 Years... { Fallen city! … nyc now officially a niggertown! }

SHRINK: We are creating 'generation of deluded narcissists'... http://albertpeia.com/deludednarcissists.htm ‘…We must beware of the toxic psychological impact of media and technology on children, adolescents and young adults, particularly as it regards turning them into faux celebrities—the equivalent of lead actors in their own fictionalized life stories…’ }

UNTOUCHABLE: MF GLOBAL judge nixes group's bid to depose Corzine... { Pervasively corrupt, defacto bankrupt in every way, fallen america is so far gone they no longer even bother with pretense! }

CONGRESSMAN FLOODED WITH CALLS ON GUN CONTROL: 9-TO-1 AGAINST...

France bumps drunk-driving charge up to criminal court for tax exile Depardieu... { There! That’ll show him … for going over to the ultimate winner of the cold war! }

Alex Jones vs. Piers Morgan: '1776 Will Commence Again If You Try To Take Our Firearms'...

REPORT: BANK OF AMERICA Freezes Gun Manufacturer's Account...

Armed Robberies Spike Following Game... { Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

GALLUP: OBAMA APPROVE FALLS BACK TO 50%...

Merkel pictured with blacked-up children... { Yeah! Following, and like america, they’re all niggers now! }

Barney to Be Senator Frank? { Nothing quite succeeds like failure in america! Doesn’t this also say something in the worst way about the pathetic state of massachusetts?! Guess he just wants to repopularize that all-american haircut, the pageboy! }

DEBT HITS $16,432,706,000,000.00

NYC Pol Slams Pork in Sandy Aid Bill...

Lobotomy Joe Biden gets frisky with senator's wife...
'Spread your legs -- you're going to be frisked'...

House votes to keep pay freeze for lawmakers, federal employees; Overturn Obama executive order...

'Fiscal cliff II' showdown set for February...

Senate Received 154-Page Bill Only 3 Minutes Before Voting on it... { Time to implement term limits across the board, no exceptions! }
MONEY'S NO OBJECT: Obama heads back to Hawaii -- at taxpayer cost of $7 million...
Obama vows more tax hikes: 'We can't cut our way to prosperity'...
NASCAR PARTY FAVORS BURIED IN 'CLIFF' BILL...
MILLIONS FOR RUM PRODUCERS...
$59 million for algae growers...
HOLLYWOOD GETS BREAK...
...AFTER RECORD BOXOFFICE YEAR

AFGHAN WARLORD: PRINCE HARRY IS 'JACKAL KILLING INNOCENTS'...

Oliver Stone: 'USA has become an Orwellian state'...
Activists voice dismay as Senate renews government surveillance measure...

Pay Raise for Biden, Members of Congress, Federal Workers... { As I’ve previously stated, nothing succeeds quite like failure in pervasively corrupt, defacto bankrupt america! }

Bloomberg: Keep 2 subway push deaths in perspective... { Riiiiight! Sounds like a plan … I’ve previously said some positive things about bloomberg, mostly relating to his financial acumen … I take them all back, and then some … clearly, part of the new york / new jersey / northeast/beltway drain, I believe bloomberg is totally burnt out … not only by what he’s been sayin’ , doin’; but as well, he looks like he’s on a permanent overdose of valium/prozac or whatever else they’re pushin’ these days for depression … really! }

OVER THE CLIFF WE GO!
OBAMA SENDS SOS TO HILL...
House to Return Sunday...
Deal 'virtually impossible' before New Year...
Finger-pointing...

FEINSTEIN BILL REQUIRES 'GRANDFATHERED WEAPONS BE REGISTERED' { Only the criminals are excepted and exempted; particularly in crime-ridden california! } ...

Spending to Increase 55% Under Obama's Plan...

Lawmakers: We're Likely to Go Over 'Cliff'...
... finger-pointing
Impasse Turns to Senate...
Obama turns to golf in Hawaii... { Regrettably … I have to reiterate: ‘wobama’s such a typical, incompetent, lazy, failed b***s*** nigger!’ }

School Obama's Daughters Attend Has 11 Armed Guards...

NRA LaPierre: Hollywood, media, music, violent videos cause culture of violence... { There is indeed a culture of violence in america; that, along with a celibratory attitude toward crime and criminals generally (and of course, cowardice in the face of criminality, which didn’t apply to the Newton, CT tragic scenario), along with the reality that crime in america pays, and pays well, and is largely protected at the highest levels. That said, I still oppose any and all censorship (a ‘slippery slope’ in a country now as this, best not tread on) to the extent that’s inferred from LaPierre’s cogent speech; though I believe it a stretch for anyone to have reasonably gleaned that from his words so eloquently put. I read the text of his entire speech as he made it. I believe he was correct in every significant respect; importantly, and simply put, ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. } NRA’s Wrongheaded Response to Sandy Hook Violence Infowars.com | NRA Executive Vice President calls for more cops in schools and a government database of the mentally ill. { The following ‘rebuttal’ from Infowars is not entirely unreasonable but I believe relies too much on the presumption of sanity among the american masses: ‘…LaPierre also announced a NRA model security program of armed volunteers to guard schools. He said Rep. Asa Hutchison, R-Ark., will lead the program for the lobbying organization. While the idea of armed citizen volunteers protecting schools is reasonable, the call for adding more police is not. The presence of police in public schools has created a number of problems – from tasering and handcuffing students to shooting them to death – in addition to fostering a prison-like environment [if the ‘shoe fits’]. As for creating a government database of people suffering from mental illness and then presumably denying them Second Amendment rights, this is a dangerous idea begging for government abuse [as was so in the former communist soviet union of old]. If the state is allowed to determine what mental illness is and who suffers from it, large numbers of people will undoubtedly have their right to own firearms denied (like veterans suffering from PTSD are denied their rights). It looks like the NRA is merely passing the buck on this issue and once again relying on government to devise solutions [this is an unfair criticism by infowars inasmuch as the NRA are not elected officials although, truth be told, as evidenced in the past election, u.s. elections are a total joke and are indeed ‘rigged’ – then there were as well the unprecedented terrorist threats of violence/rioting by the typically uncivilized niggers ( note that wobama, a nigger himself, registered no objection to those threats and intimidation – the uncivilized niggers having their way now with purported ‘civilized institutions’ – don’t forget the crime stats wherein niggers are the undisputed leaders by far ) as well as voter fraud, and incumbents did not want to rock their boat, aka ‘the uss titanic’ ]. The solution to public school violence is really quite simple – citizens must be fully empowered to exercise the right to self-protection and the protection of their families (defense is a natural right that has nothing to do with the real reason the Second Amendment was established). This right to self-protection cannot be denied by “gun free zones” that are in essence self-defense free zones…’ }
American Dream Fades for Generation Y Professionals...
House Republican members circulate plan to oust Speaker Boehner... {12-18-12 BOEHNER ADOPTS PELOSI PLAN... AIP:Yeah … it’s time to talk ‘john the boner’ … he’s a total failure … and, he’s a very stupid man to boot. Seriously, he’s pretty dumb! Moreover, this teary-eyed ‘house speaker’ didn’t even carry his own state in the past election. They know he’s a dummy! } What In The World Are Barack Obama And John Boehner Thinking? http://albertpeia.com/2dummiesinovertheirheads.htm

Gov't announces GM 'exit strategy' ... taxpayers to lose billions!
50% Loss!

Clinton accused of faking illness to avoid Benghazi testimony...

Reporters Criticized for Not Following Script at White House News Conference...
President Uses Sandy Hook Massacre to Push Tax Hikes...

Sen. Feinstein: ZERO DARK THIRTY 'dangerous'...
{ Amazingly, we’re literally talking fiction here; ‘Lincoln’ being as historically accurate as ‘Jack and the Beanstalk’. We’re talking propaganda and Orwellian thought control/policing. The reality is the incompetence and corruption in D.C. is worse than dangerous. }
Reid Adjourns Senate for Viewing of LINCOLN...

SLAUGHTER OF INNOCENTS

MEDS? Shooter suffered from 'personality disorder' ...
'Obviously not well'... { 20 children, 7 others dead in school shooting Marketwatch { From the previous day, pre-shooting I posted : Don’t Let Your Child See a Psychiatrist. Jon Rappoport { In light of his expressed fear, psychologists can’t prescribe medication – though that’s changed somewhat in some states. Rappoport must realize that some parents, nuttier than fruitcakes particularly in america, might be the problem. Who then does the troubled child turn to?} That said, Every human emotion now classified as a mental disorder in new psychiatric manual DSM-5 Mike Adams { Well, I gotta tell ya … if the shoe fits, wear it … the reality is that the prevalence of mental disorders/mental illness in america is so great that reactions as those of mike adams (including shooting the messenger) are not unexpected; but, must be discounted. After all, insanity or close to it has indeed become the new normal, shaded/obscured somewhat by what’s deemed simple inherent criminality which masks the underlying ‘americinsanity’. }

OBAMA TO STONERS: WE'RE COOL... { Yeah … right! … Choom gang-banger wobama is about as cool as s**t moving downhill … ‘social’ drugs as marijuana, blow to a lesser extent, hashish (heroin, speed, barbiturates, etc., are definitely uncool, sticking with the limited stoner terminology, dudes) are neither cool nor uncool … as plebian as a glass of wine, champagne, beer, scotch, etc., after a week’s hard work only, at best a somewhat decadent indulgence; at worst, as with all indulgences, literally potentially destructive and negative if in excess … Far from special, anyone can do them … [Truth be told, within weeks (ie., usually 4-6 weeks) of ie., important exams (it’s also ‘lamentably’ true I was a ‘quick-study’ crammer but blessed with a great memory facilitating same without detriment thereby, providing for/enabling ‘balance’), I abstained from marijuana owing to the somewhat limited, lingering persistence of same in the fatty tissues including the brain affecting retention, etc.. ] Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! http://www.albertpeia.com/wobamaschoomgangbangin.wmv }

Pelosi Accuses GOP Of Lack Of Concern For Kwanzaa...

DETROIT'S DECLINE: 34.5% on Food Stamps, 45.7% Not in Labor Force...

BUDGET DEFICIT SKYROCKETS TO $172B IN NOV, UP $52B FROM OCT...

PUMP DELUXE: Federal Reserve to spend $45B month to buy bonds...
{ It’s really quite amazing that the so-called economic experts, ie., economists, financial/securities analysts, CEO’s, etc., are so economically challenged so as to believe beyond the self-interested ‘swallow’ (ie., paper inflation, etc.) that somehow printing/creating ever more worthless/debased paper fiat currency will in some way create real value, production, jobs, etc., as opposed to the destructive mechanism along with nefarious dislocations that it truly is. }
PROJECTS HIGH UNEMPLOYMENT FOR NEXT 3 YEARS...

JIMMY HOFFA WARNS OF 'CIVIL WAR'... { There is an exception to the hearsay rule known as a dying declaration; the rationale being that a person would not ‘go to his maker’ with a false statement/declaration to ‘taint his soul’. Interestingly, I had occasion to know a very intelligent, learned man who was indeed dying, in a death spiral if you will. A lawyer by profession, he had taken an interest in another lawyer’s history; none other than Abraham Lincoln himself. Curiously I thought at the time, though even then, some decades ago (long before the internet), I realized that you were never getting the whole, correct, true story from american media, history as written, etc.. ( I was fortunate in sixth grade to have had a great teacher, James Bresnahan, who allowed for ‘expansive’/accelerated learning in what he took the time and trouble to provide as an advanced reading group. Among the subjects was that knowledge/thinking tainting phenomena known more commonly as propaganda). After all, a long dead president; and, one who famously suffered from recurring bouts of severe depression could hardly be the object of, from my view, intense intellectual interest and scrutiny. Yet, he was fixated on what he deemed a somewhat surprising revelation; viz., from his intense study, Abe was not ‘Honest Abe’ but rather, was a thief. I was aware that in fact, Lincoln found niggers somewhat appalling and initially opposed ending slavery as well as those who favored same, viz., the abolitionists, etc. (niggers are a same old old story of lazy, unproductive, inherently very uncivilized criminal people who are fun-luvin’ for games, partying, and getting high only. Even the incisive Shakespeare euphemistically referred to the ‘typicality’ of the inherently untrustworthy and without sense of honor, ‘noir’ [french for black]). The ultimate consummate politician (as a lawyer, Lincoln famously took a contrary position not long before saying he thought he then was right but now taking the opposite position now knew he was right … riiiiight! ‘Honest Abe’), Lincoln ultimately did, in rallying his ‘stalwarts’, back the abolitionist cause. I personally feel the people of the south were foolish in bringing vanquished niggers, sold into slavery by other niggers who vanquished them, to this already now recently blemished land. Moreover, as today, the niggers (and the abolitionist cause) had provided fodder for politics of all sorts, including that of Lincoln. Indeed, even today, spielberg who is famous for his pro-jewish ‘politicking’/propaganda (even the first Indiana Jones movie was heavy on the Arab/Nazi transference propaganda) has found a way to make film-making pay for him and the democratic party by way of the misguided, inaccurate view of Lincoln as the anti-slavery icon he is speciously depicted as. Civil war? Hoffa, like his mob-connected, then disconnected (permanently) father is old news. The truth is that their own done them in (as was so of hoffa’s father) with NAFTA, etc., as they themselves foolishly laughed at their real would-be saviors, ie., Ross Perot, etc.. The reality is, there is literally nothing that can’t be produced better and cheaper and without paying the shake-down bribe from the teamsters et als for doing absolutely nothing (as is true with the other niggers, et als, entitlements, etc.), elsewhere. Twinkies anyone? }

Obama has hired 101 new federal employees A DAY since taking office...

UNCHAINED: Foxx Jokes About Killing 'All The White People' In New Movie...
Nelson Mandela 'proven' to be a member of the Communist Party Telegraph.co.uk For decades, it was one of the enduring disputes of South Africa's anti-apartheid struggle. { The failed system of communism. Not surprising that a nigger would lache on to such where everyone’s ‘equal’; but, for no good reason, other than for party membership alone some are more equal than others. Well, close enough, but no cigar. After all, chimpanzees share a 98% identical DNA profile with modern humans; and, niggers share 99% (hence, that familiar simian look of the nigger. Interestingly, I must confess that I’ve more recently particularly, developed a well-founded aversion for and antipathy towards chimps, gorillas, oranguatangs and monkeys owing to the fact that they remind me of niggers! Niggers are a drag on civilized society! }

Execution-style shooting on busy Manhattan street...
Man Dies...
85-Year-Old Woman Savagely Attacked In Greenwich Village Elevator...

APOCALYPTO: Panic spreads ahead of Mayan prophecy... { As I previously have stated: No, the world’s not ending … this year … but, there’s just decades left at best! The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ] }

Zimmerman Sues NBCNEWS... { Truth be told, even some decades ago, while there to drop off some ‘paper’, I was somewhat shocked to see that almost an entire nbc corporate floor was almost all niggers! Maybe, as with the election, they were just afraid the niggers might riot. }
Made me into a Racist to Fix Low Ratings...
Furor over WVA high school's mandate that students stand for 'African-American National Anthem'... { The niggerization of america, no wonder america’s a nation in decline! }

Christie Meet$ With Obama as Sandy Aid Package Formed...

DETROIT TO OBAMA: WE (THE NIGGERS AND SELF-LOATHING WHITES ET ALS) VOTED YOU IN, NOW BAIL US OUT... http://albertpeia.com/lawlesswastelanddetroit.htm

Israel accuses USA of inciting protests... { Riiiiight! Defacto bankrupt america that needlessly and foolishly bleeds real blood and treasure for israel is the culprit…Wow!…You can’t make this stuff up! }

Christie seeks 100% federal government reimbursement for Sandy... NY, NJ, CT lawmakers seek $83 billion to cover cost of damage... { People should read the comments … the opposition are vehemently against a bailout for national drains (ie., wall street frauds, frauds, organized crime, corruption, etc.) new york/new jersey/connecticut. }

Nader: O Worse Than Bush... Nader: War Criminal Obama Worse Than Bush { I’d call it now a not too surprising tie! }

STUDY: American Households Hit 43-Year Low In Net Worth...

Debt Hits $16,306,713,000,000...

CA City Attorney Tells Residents To 'Lock Their Doors, Load Their Guns' Over Police Downsizing... { This is already good counsel for all of california in light of pervasive crime and egalitarian, politically correct attitudes hindering law enforcement! }

Michigan Governor Won't Rule Out Dissolving City Of Detroit... { Sounds like a plan! }
Oakland Crime Rate Soars As City Loses Officers; 33 Burglaries A Day... { Ah, come on! Understand these disadvantaged … times are tough which makes the tough get goin’. I wonder how many are double-dipping? I bet they voted for O. }

NY, NJ lawmakers seek $80 billion to cover cost of damage... { People should read the comments … the opposition are vehemently against a bailout for national drains (ie., wall street frauds, frauds, organized crime, etc.) new york/new jersey. }

UPDATE: Judge approves Twinkie liquidation... { Alas, adieu sweet hostess. As a kid (as an adult as well but can’t afford those calories and haven’t had them in years), truth be told, though I liked twinkies with milk, preferably chocolate milk, I invariably opted for the cream-filled chocolate cake, chocolate iced (with the squiggle on top) hostess cupcakes; with plain milk, of course. The ‘golden-goose-killers’ strike again! }

Jesse Jackson Jr. quits Congress...
'Couldn't stop crying, couldn't give a press conference'...

JOBLESS...
INFLATION...
POVERTY...
RECESSION...

RADIO HOST CALLS FOR 'SECOND AMERICAN REVOLUTION'...
SECESSION MOVEMENT EXPLODES...

DENNY'S to charge 5% 'Obamacare surcharge' and cut employee hours...

Postal Service Loses Record $15.9 Billion...

Faber: Prepare for Massive Market Meltdown...

OLIVER STONE: 'I find Obama scary'...

PETRAEUS RESIGNS OVER 'AFFAIR'

Was Slated to Testify on Benghazi Next Week...
'Timing Is Just Too Perfect'...
Lawmakers Considered Calling For Resignation In October...
FBI SPIED ON CIA DIRECTOR, WOMAN; EMAILS?

Dear Drudge: Stop the race {reality} stories { No, Drudge…keep the real news coming…though the chimps are incapable of shame, let others, facilitators all, feel the blame! }...

Assange: Obama a 'wolf in sheep's clothing'...

Obama Administration Shuts Down Oil Drilling Out West...
STOCKS FALL 3% SINCE RE-ELECT...

COMPANIES PLAN MASSIVE LAYOFFS AS OBAMACARE BECOMES REALITY...
Utah company fires 100, blames Obama...
CEO reads prayer to staff, announces layoffs...
Floodgates open on new health regs...

Clinton to Step Down 'Days' After Inauguration...
HOLDER EYES EXIT...

Obama Administration Shuts Down Oil Drilling Out West...
STOCKS FALL 3% SINCE RE-ELECT...

RECORD 70.4 Million Enrolled in Medicaid: 1 Out of 5 Americans...

NYC rations gasoline; expected to last weeks...
Man waits 30 hours for gas...
Liquor drought...
Prison For Displaced Victims?
Power Loss Tests Limits...
11 days after Sandy...
'Ready to snap'...
Nightmare in shelters...

RON PAUL: Election shows U.S. 'far gone'...

UPDATE: Man Beaten During Giants World Series Victory Celebration Dies...

Obama weeps again...

Record snow adds to woes in Sandy-struck region...
FEMA office on Staten Island closed 'due to weather'...
Despair deepens...
TAX HIT THREATENS VICTIMS...
Looting Reaches Epidemic Levels...
Gas Crisis Could Last Weeks...

WALL STREET ALARM...
Stocks 'cringe'...
'SUGAR HIGH' ENDS...

LIMBAUGH: 'I went to bed last night thinking we lost the country'...
HANNITY: 'Allure And Appeal Of Socialism Has Taken Hold'...
LEVIN: 'Unvarnished Truth' On Romney Loss...
SAVAGE: 'Our society is being turned into prison camp'...

California Votes for Higher Taxes...

OBAMA WINS 39% OF (SELF-DESTRUCTIVE, SELF-LOATHING) WHITES...

ANTI-OBAMA PROTESTS ESCALATE AT UNIVERSITY

Athens Erupts in Riots During Key Austerity Vote...

Election Judge Wears Obama Cap While Checking in Voters in Chicago Ward...

Obama Mural in Philadelphia Polling Place...
UPDATE: Judge orders mural to be covered...
Obama Poster Hanging in Florida Polling Station...

Black Panthers Return to Philly Polling Site...
VIDEO...
GOP poll inspectors being forcibly removed -- replaced by Democrats...
Judge issues order to reinstate...
CHAOS...

FINAL RASMUSSEN: R 49% O 48%...
FINAL BATTLEGROUND: O 47% R 47%...
Goeas: Romney 50.3%, Obama 48.8%...
R 40,454,933
O 39,423,072*
FOUR MORE TEARS

BIDEN: 'I'm Going To Go Back Home, Run For County Council Or Something'...
Who Wants A President Who Will Lie To You? Asks -- BILL CLINTON? { Well, we all know of the many crimes of clinton, we must forget his televised proven lie since he didn’t know what the meaning of the word ‘is’, is. Another psychopathic mental case rivaling wobama’s own psychogenic/dissociative amnesia. }

Rep. Jesse Jackson Jr. wins reelection -- from Mayo Clinic!

GALLUP SHOCK: 'REPUBLICAN' BEATS OBAMA BY 8%
GALLUP: APPROVE DOWN TO 38%...
Highest Negative Rating Ever...
DOJ raids guitar factory...
UPDATE: GIBSON GUITAR CEO slams raids as 'overreach'... [ With unprosecuted securities fraud in the trillions, and my own experience with the ‘DOJ’ that has covered up serious RICO crimes, etc., http://albertpeia.com/fbimartinezcongallard.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm , I find this somewhat incredulous in terms of priorities!]
JOBS: ZERO...
BROKE: POST OFFICE SYSTEM MAY SHUT DOWN ENTIRELY THIS WINTER... [Good! Let UPS take them over … the usps is totally unreliable]
AMERICA FALLS TO 5TH PLACE...
46.2 million Americans are now poor...
22% of children in poverty...
Dramatic drop in median income...
Likely to worsen...
POVERTY SOARS
SETS NEW RECORD
POLL: OBAMA 41% ANY REPUBLICAN 47%...
RE-ELECT: 41%...
'AIMLESS OBAMA WALKS ALONE'...
'Loner'...
AP: Disconnected from reality...
STUDY: USA not in top 10 for starting a business...
NEW DOWNGRADE THREAT
NUMBER OF 'NEAR POOR' STARTLES CENSUS...
MSNBC Matthews Turns On Obama...
'I Hear Stories That You Would Not Believe'...
COMPANY SHOCK: 'WE'RE NOT HIRING UNTIL OBAMA GONE'
OBAMA LOSES SUPPORT FROM BLUE COLLAR DEMS...
RUSSIAN ANCHORWOMAN FLIPS OBAMA THE BIRD...
FITCH TURNS NEGATIVE ON US
Obama's Job Approval Drops Below Carter's...
S&P Downgrades Dozens Of Global Banks...
REPORT: Hank Paulson passed inside information to fund managers...
'OBAMA IS A CORPORATE PUPPET'...
Support for Obamacare hits new low...
RE-ELECT AT 43%
GALLUP SWING: OBAMA BACK DOWN TO 41% APPROVE, 50% DIS...
USA Closes 2011 With Record $15.22 Trillion In Debt, Officially At 100.3% Debt/GDP...
Levin: Obama's Comment 'Forthright Statement Of A Dictator'...
RUBIO TO OBAMA: YOU'RE TURNING AMERICA INTO 'DEADBEAT NATION'...
GROUP PLANS TO FLY 'IMPEACH OBAMA' BANNER OVER SUPER BOWL...
RON PAUL SAVAGES SANTORUM AS 'CORRUPT'...
WAR DRUMS: Iran, Israel and US plan Gulf exercises...
Diamond Prices 'To Jump 20%', Outperform Gold...
RUBIO SENDS WARNING LETTER TO OBAMA: DEBT SOON 'WELL ABOVE $16 TRILLION'... DEVELOPING...

GALLUP: R 50% O 49%...
RASMUSSEN: R 49% O 48%...

NOONAN: IT'S ROMNEY...
Fred Barnes: Why Romney Will Win...
Romney winning independents 59%-35%...

Romney internal polls put him UP in OH, TIED in PA and WI...

'Thousands of ballots' unlikely to reach military voters in time...

GENERATION DEBT: Every American Under 18 Now Owes $218,676...
'Per Person Debt Now 35 Percent Higher than that of Greece'...
NY DAILY NEWS ENDORSES -- ROMNEY?

21 NEWSPAPERS SWITCH TO ROMNEY...
NY DAILY NEWS: 'Hopes went unfulfilled'...

FL: R 52% O 47%...
MI: R 47% O 46%...
VA: R 50% O 48%...
OH: O 49% R 49%...

Fearing Romney victory, EPA plans post election anti-coal regulation...

CBS releases even more unseen footage from Obama interview after Benghazi attack...

Obama, not-so-happy warrior...

Red-state Dems fight Obama drag...

Obama favored in his ancestral Kenyan village...

Romney draws huge crowd in PA...
500 retired generals, admirals announce support...
Obama Ignores Question About Storm Victims' Frustrations...
Fear of the Dark...
Con Edison Distributing Dry Ice...
FEMA Out Of Water, No Delivery Until Monday...
FREE FUEL FOR EVERYONE!
2-mile line on Staten Island...
CONFUSION: Gov't tells public to stay away until first responders fuel up...
Residents arm up: Bats, machetes, shotguns...
'It's Like The Wild West'...
'Anarchy in Queens'...
ODD-EVEN: NJ counties enact Carter-style gas rationing...
DICK MORRIS: Obama Hit By Storm Backlash...

MOTHER OF SEAL: 'I BELIEVE OBAMA MURDERED MY SON'...
Security officials on the ground in Libya challenge CIA account...
REPORT: U.S. considered moving Benghazi consulate month before deadly attack...
Papers blast president's response...
RUDY CALLS ON BARRY TO RESIGN!

FL: R 51% O 45%...

NYT: PA 'tilting toward Romney'...
MI: R 47% O 46%...
Candy Crowley: 'President Romney'...

PA POLL JOLT: O 47% R 47%

Bill Maher to Romney Supporters: 'Black People Like Vanilla Fudge Nut maher Know Who You Are and They Will Come After You'...
REPORT: Obama supporters step up riot threats...
Black pastor receives death threats after reversing support...
Black Americans still back Obama despite steep plunge in their economic fortunes...
SHOCK POLL: Minnesota a toss-up...

REPORT: NAACP Takes Over Houston Polling Station, Advocates for O {and are acting like the uncivilized, lawless niggers they are!}...

Service members purged from voter rolls in Florida...

30,000 turn out in Ohio for Romney...
Obama plays for just 2,800...
CLEVELAND 2008: 80,000; CLEVELAND 2012: 4,000...
Just 200 show up for event with Stevie Wonder!

ABCWASHPOST: R 49% O 48%...
RASMUSSEN: O 48% R 48%...

Campaign 2012
BARONE CALLS RACE FOR... Barone: Going out on a limb: Romney beats Obama, handily November 2, 2012 | 4:58 pm

'Let's Win This Motherfu**er!': White House Official Delivers Shock Speech...
ROMNEY HEADS TO PA!

POLL: 63% Want Obama 2nd Term -- in China...

OCTOBER UNEMPLOYMENT UP: 7.9%...
RATE HIGHER THAN WHEN OBAMA TOOK OFFICE...
Promised 5.2% rate by Oct 2012...
President Faces Voters With Highest Unemployment Of Any Incumbent Since FDR...
ROMNEY: 'Sad reminder economy at virtual standstill'...
Incomes Continue to Decline...
Long-Term Rate Rises to 40.6%...
Blacks to 14.3%...
Food Stamp Growth 75X Greater than Job Creation...

BIDEN: 'There's Never Been A Day In The Last Four Years I've Been Proud To Be His Vice President'...

Joe Biden: 'I'm Going To Take A Vacation'...

Entire Minneapolis Police Force Gets Death Threat After Gang Member Shot Dead...

Drivers Waiting 6 Hours For Gas in NYC...
Tempers Rise in Wake of Storm...
'Finding bodies left and right'...
Restaurant, hotel prices skyrocket...
CHUCK SCHUMER CONFRONTED: 'We Are Gonna Die!'
CRAIGSLIST: $15 a gallon...
Utility workers pelted with eggs...
Misery...
'We have nothing'...
Residents Furious RED CROSS Offering Cookies & Hot Chocolate, Not Blankets Or Clothes...
Jet Fuel Supply Fast Becoming Concern At Airports...
Staten Islanders Plead for Help: 'We Need Food'...
'Please don't leave us'...
VIDEO: Stranded New Yorkers Defecating in Apartment Buildings...
DIRE...
NJ counties enact 70s style gas rationing... Developing...

ABCWASHPOST:O48%R48%...

Republican National Committee alleges voting machine troubles in Nevada, other swing states...

Gas Shortages May Not End for Another Week...
Fear Turns to Frustration, Anger...
Fistfights, Guns Drawn...
'You're not getting gas tonight'...
Lines grow...
Some Siphoning From Cars!
'I'm pretty pissed'...
Troopers deployed to gas stations...
Stars throw extravagant Halloween party despite destruction...
Commuter Delays Rage...
NYC Official: Red Cross 'Absolute Disgrace'...
Looters Dress Like Con Edison Workers to Gain Access to Houses...
Staten Islanders Plead for Help: 'We Need Food'...

OBAMA LEFT THEM BEHIND: HUNGRY DUMPSTER DIVING IN NYC

BLOOMBERG PLAYS POLITICS WITH SANDY; ENDORSES O AS 'CLIMATE CHANGE' LEADER...
State Dept never called for military back up...
BUCHANAN: Hillary's head should roll...

New ADP Count Slashes Job Creation for September...

NY state asks feds to cover all $6 billion in storm costs... { Between wall street frauds/bail outs, outright theft from the new york fed, etc., in the trillions, what a national drain new york is! }
Tempers flare in NJ city where thousands stranded...

DAILY CALLER: Women claim Sen. Bob Menendez [D-NJ] paid for sex in Dominican Republic...
VIDEO...
'We're not going to respond'...
FLASHBACK: Senator Called for Secret Service Agents to be fired over prostitution scandal...

Republican National Committee alleges voting machine troubles in Nevada, other swing states...
James Baker: 'Not Entirely Unlikely That We Might Have A Recount'...

DICK MORRIS: Here comes the landslide...
Romney Campaign: The Fundamentals Favor Us...
Rove: Sifting the Numbers for a Winner...

Denver Dem Mayor Goes To Wisconsin And Says Obama Getting Beat In Early Voting...

New ADP Count Slashes Job Creation for September...
OHIO: MORE VOTING PROBLEMS AS BALLOT CAST FOR ROMNEY COMES UP OBAMA...

Congress steps up demands for info on Benghazi attack...
White House dodges...
FACEBOOK Censors Navy SEALS to Protect President...
'The mysterious media Benghazi bugout'...
Hannity on WH Audio Tapes: 'I've Heard They Are Damning'...
WASHPOST: 'LINGERING QUESTIONS'...
LENO: 'Don't ask, don't tell is back ... Obama's new policy for questions about Libya'...

REPUBLICANS HAVE WON EVERY NOV 6TH PRESIDENTIAL ELECTION SINCE 1860...

Dianne Feinstein: No need to debate Republican opponent... { Riiiight! Things are going so swimmingly (as in drowning) for the nation and california particularly. Actually, I responded to a ‘generic’ email / facebook request from her with my subsequent request that she help to elicit a formal response from the FBI as promised regarding the RICO matters (the other incompetent, failed perrenial senator barbara boxer actually had ‘made her presence known’ in the corrupted process regarding usdcj matz/lester and the default of the u.s. which missed the filing date which error was compounded by the misstatement of the rule in court on the record by asst. us attorney robert i. lester); but, no response... http://albertpeia.com/selfdefense.htm [ One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! ]

11-5-11 Dear Congresswoman Roybal-Allard:

The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:

‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’

Sincerely,

Albert L. Peia

America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm

Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

, Guest Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words! It’s been my direct experience for quite some time now and is quite a pathetic scenario! } Legal precedent means nothing. Rule of law means nothing. Free speech means nothing. Their own treaties mean nothing. It’s unbelievable. Anyone in the west who honestly thinks he’s still living in a free society is either a fool or completely out of touch. If that seems too radical an idea, consider that ECUADOR is now the only nation which stands to defend freedom and human rights against an assault from the United States, the United Kingdom, and their spineless allies. The west has just become a giant banana republic. Have you hit your breaking point yet? If not now… when? { { I’m really constrained to interject my own direct experience with the FBI here; and, I must say I do so lamentably. If you want no real results vis-à-vis organized crime which now extends to the upper reaches, highest levels of the corrupt u.s. government, go to the FBI. I discounted the new jersey FBI as just typical corrupt, mob infested jersey which thinks in terms of discos/casinos. But, truth be told, they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their (understated) crime stats for even a second. I’m beginning to feel foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters directly who seem to have at least some sense of the magnitude of the fraud involved and the pervasive corruption of the system and government and maybe a semblance of honor in this nation of protracted decline. It never would have occurred to me back when for me, such a choice/decision was clear-cut and simple. Such a course as mine I no longer could recommend inasmuch as there is little difference between state/government sponsored crime/corruption and that perpetrated by other criminal elements, from my direct experience with both, infra: Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some federal workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the properties in my proceedings for which surplus funds are unaccounted for was a top floor balconied 2 bedroom 1 and 1/2 bath condominium (beach/boardwalk front w/indoor pool/sauna) in seaside heights, n.j. –10-31-12 Post Sandy: I’m wondering if it’s still there. ). But debauchery an american specialty? Another rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in the illegal drug trade). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city boy louis freeh, labeled by former Prosecutor Larry Klayman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.

New Yorkers in fuel scramble as storm-hit pumps dry up...
Sewage, Bacteria, Gasoline Found in Floodwater...
Phone addicts suffer withdrawal...
Looters target Coney Island...

Feds to hit borrowing ceiling at year-end...

GALLUP: ROMNEY UP 52%-45% AMONG EARLY VOTERS...

REPORT: GOP voting tsunami coming...

POLL: Obama dominates Romney -- in Russia...

Romney suddenly plunging onto Democratic turf...
MSNBC Ridicules Romney for Collecting Food, Supplies for Sandy Victims...

FACEBOOK Censors Navy SEALS to Protect Obama on Benghazi...

Michael Moore/MoveOn.org: We will burn this motherf*cker down and c*ck-punch Romney...

THE MORNING AFTER
PHOTOS: SHOCK AND AWE...

DEATH TOLL CLIMBS ABOVE 45...
Northeast airports, transit systems slowly start moving again...
Crippled NYC subways could hamper recovery...

ELECTION PROJECTION: R 52% O 47%...
GALLUP MONDAY: R 51% O 46%...
OH: R 50% O 48%...

MN: O 47% R 44%...
GALLUP: Obama's Job Approval Drops 7 Points in 3 Days...
Adopts tone of challenger...
DES MOINES REGISTER Endorses Romney...
OLIVER STONE RIPS PREZ: 'Took bad situation, made it worse'...

CHICAGOLAND: 435th Homicide Matches Total For All Of 2011...

Romney hits auto bailout as CHRYSLER moves Jeep production to China...
OBAMA: 'Hurts my feelings the most'...
Report: FIAT now says Jeep may move to Italy...

Vandal Keys 'Obama' Into Cars Of Residents Supporting Romney...
Large Amounts Of Nails Dumped In Parking Lot At Tea Party Rally...
Church sign defaced...

Madonna booed after touting Obama during Concert...

REPORT: Obama camapign takes money from 'Osama bin Laden'...

Water Level at Battery Park Reaches 11.25 feet, Surpassing Record Set in 1821...

Gangs Plan Hurricane Looting Spree Via TWITTER...
CT Gov. Closes All State Highways: 'Most Catastrophic Event We Have Faced In Any Of Our Lifetimes'...
'People Are Going To Be Fighting In The Streets Over Gasoline, Food'...
NATIONAL GUARD DEPLOYED...
UPDATE: 9,000 Flights Cancelled...
ANOTHER BLOW DAY: Federal offices in DC shut down again...

Absentee ballots sent to U.S. military serving in Afghanistan 'destroyed in crash'...
Romney seizes on sluggish growth figures...
Burning through O's 'firewall'...
Desperation? White House Considering New Tax Cut...
R 51% O 46%...
R 50% O 47%...
R 49% O 48%...
Bust of Barack Obama's head -- made of butter! -- tours the streets of Chicago...{ And not vice versa (as in that far from reality fairy tale vis-à-vis the big Cats: the Tigers say, ‘No Way!’) as (b.s. black) sambo(bama) is goin’ down (deservingly so) for the count! }
REPORT: Vanloads of Somalians driven to the polls in Ohio... { ‘Is voter fraud being committed in Ohio?..According to the Somali Community Association of Ohio’s web site, over 45,000 Somalis live in Ohio. Only 40 percent have become citizens of the United States, and only 25 percent speak English well enough to get a job..’ …Yes, they are typical dumb niggers for wobama! }

KRISTOL: Petraeus Throws President Under Bus... {Oh, right! Petraeus doesn’t fall on his sword and sacrifice himself for the incompetent liar in chief called ‘0’ as did hillary clinton; so somehow in some twisted way that becomes Petraeus’ fault.}

Senators demand White House declassify Libya video...
CIA OPS 'DENIED HELP' THREE TIMES DURING BENGHAZI...
Father of Slain SEAL: Who Made the Decision Not to Save My Son?

OBAMA DODGES DURING LOCAL TV INTERVIEW...

In Iowa, disappointment with Obama runs deep...

Iconic NY Steakhouse 'Gallagher's,' Which Survived Great Depression, Is Closing...

Taxpayer-funded 'green' company investigated for fraud...
AUDIT: Green jobs stimulus program had 16 percent success rate...
Over $60,000 in Welfare Spent Per Household in Poverty...

Historical treasures missing from National Archives...{Yeah…time to check Fort Knox, New York Fed ($4 trillion already previously has been reported missing).}

Romney signs, American flags torched in veteran's yard... { Terrorists at work for wobama! }
R 50% O 47%...
R 50% O 47%...
R 50% O 47%...

MI: O 47% R 47%...
DETROIT NEWS endorses Romney...

Wisconsin company announces layoffs ahead of Biden arrival...

October Sets New Record For Disability Claims: 8,803,335 Collecting Benefits...

SHOWDOWN! TEXAS VOWS TO ARREST UN ELECTION 'OBSERVERS' { Yeah, the u.n. has the stand-in role for the wobama/holder-protected black panthers as pro-o intimidators.} ...

Father Of Slain SEAL: Obama 'Could Not Look Me In The Eye...Like Shaking Hands With Dead Fish'...

Video snags Dem boss in vote fraud...
Son resigns...

'HE'S A BULLSHITTER'... { Yes, obama is an incorrigible b***s***ter! He’s gotten by on b***s*** and special nigger consideration his entire life. He is a total embarrassment! } ‘Four years after he was elected as a self-described 'hopemonger' promising a new post-partisan era, President Barack Obama is trying to claw his way to re-election with an ugly, divisive campaign in which he is playing the role of fearmonger-in-chief…’ { He’s a desperate, failed megalomaniac who is also a pathological liar along with other mental issues/troubles ( WH: 'We Decline to Comment' on When President Learned of E-Mails... ) Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }

Did the final presidential debate do anything to influence who you will support in ... NBCNews.com  { The following comment is correct. The other aspect is that people are seemingly pathetically ignoring that O’s last 4 years have been an abject, utter failure in spectacularly unprecedented fashion. A sad commentary on the state of the nation when such blatantly clear reality is ignored by so many, including those who should know better.} ‘Obama has told no truth in 4 years. He can't wave his hand and ignore sequestration. We need a leader not a liar. Romney is our only choice.’

O Booed at university's Military Appreciation Day football game...
RASMUSSEN: R 50% O 46%...
GALLUP: R 51% O 46%...
R 50% O 46%...
R 50% O 47%...
R 49% O 48%...
R 47% O 46%...
OHIO: R 48% O 48%...
MI: O 47% R 47%...
Fmr Dem Chair: CO 'Worst Swing State'...
Romney, Ryan draw massive crowds in Colorado...
GOP moves into Wisconsin...
Emails detail unfolding Benghazi attack on September 11th...
6:07 PM 9/11/12: 'Ansar al-Sharia Claims Responsibility'...

HE KNEW

Obama challenges press to find flip-flops -- and they do...
Woodward: President 'mistaken' on sequester...

Clint: 'Second Term Would be Rerun of First'...

Chicago Store Owner Labeled Racist For Anti-Obama Signs...
Police: Black Woman Lied About KKK Setting Her On Fire...

Obama Has Massive Lead -- in Other Countries...
TRUMP TO OBAMA: Release college, passport applications, I'll donate $5 million to charity of choice...
Goes bust on TWITTER...
ALLRED MET OBAMA TWO WEEKS BEFORE 'OCTOBER SURPRISE'
ALLRED HITS DEAD-END IN ROMNEY DIRT DIG?
2ND HEARING SET...

SURPRISE: Feds sue BANK OF AMERICA...

RASMUSSEN: R 50% O 46%...
GALLUP: R 51% O 46%...
POLLS: ROMNEY TAKES LEAD IN FAVORABILITY...

VIDEO: Romney Wins CBS Focus Group In Ohio...

With two weeks to go (feet to the fire), president releases second-term plan (Sounds like a … non-plan; after all, what has wobama ever said/promised in a campaign that’s come to fruition … right!… 0 as in zero as in O..bama) ...

STOCKS ROCKED: DOW -200...
Obama Supporters Continue Threats To Riot, Assassinate Romney... { Tweets Reveal Obama Supporters Fueled by ‘Racial Hatred’ Paul Joseph Watson | Chris Matthews gets it wrong again. (Indeed he does!) }
MSNBC crowd boos 9-year-old girl for supporting Romney... {Oooooh! Wobamanoids are so effective in targeting the ‘opposition’!}
Son Of WI State Senator Attacked Protecting Romney/Ryan Sign... ...
5-year-old girl raised by monkeys... [ Come on … leave wobama’s daughters out of this……….. my payback (Do not talk to President Romney that way!) for President 'insulted, patronized, mocked' his opponent... What can wobama say? He has but a record of abject failure to run on! And, the record IS unequivocally utter failure! All the choom fantasy, fellow nigger intimidation and threats will not change that fact! ]

GALLUP MONDAY: R 51% O 45%...

GALLUP: R 52% 0 45%...

CO: R 50% O 46%...

Image of Romney crops up in Iowa farm field...

Chavez, Castro, Putin ( among others in the ‘pro-america’ block ) endorse Obama...

ISSA TURNS UP HEAT ON SEBELIUS...

FABER: Cut US Govt. By 50% Now!

PAPER: Obama's Blind Eye to Illegal Donors...

Taxes go up in 2013 for 163 million workers...

Man busted for throwing pennies into Dem HQ; 'All he has left after being taxed by Obama'...
SIMON: Should Obama Resign Tonight?
International (pro-obama) monitors to watch US elections...
Obama Campaign Borrows $15M from Bank of America...
Gov't Foreign Debt Now $47,495 Per Household...
$10,090/Household Owed to China...
{ Nigger Terrorist at Work Mass Shooting At Brookfield Square Mall In Wisconsin Submitted by Tyler Durden on 10/21/2012 Breaking news of a mass shooting at the Azana Salon and Spa at the Brookfield Square Mall. Details still scarce but at least 4 people reported wounded and 3 more patients expected, emergency responders are on the ground, and the mall has been put on lockdown. The shooting suspect, who is said to have used a machine gun, is still at large. Updates via @USEmergAlerts: BROOKFIELD SQUARE | U/D SUSP BLACK MALE 6'1" 270 LBS. BALD. BROWN EYES U/D BPD RQST A MILWAUKEE SWAT TEAM & FLIGHT FOR LIFE IS ALSO LANDING AT THE NE CORNER OF BROOKFIELD SQUARE | UEA555 }

Son Of WI State Senator Attacked Protecting Romney/Ryan Sign... ...

REALCLEAR MAP: Romney takes first lead in electoral college...
Closing 26-point gap, Romney's favorability rating tops Obama's for first time...
PA SHOCK POLL: R 49% O 45%...
VA: R 50% O 47%...
FL: R 51% O 46%...
GALLUP: R 51% O 45% (10-19-12)...

Lifetime Democrat Lee Iacocca Endorses Romney...

Jesse Jackson Jr. may return to Mayo Clinic...
Off campaign trail since June, checks still paid to wife's consulting firm...
Has spent $110,000 since Rep dropped off...

CHICAGOLAND: Pack of Teen Girls Arrested For Armed Robbery...

GALLUP: R 52% O 45%...

PA SHOCK POLL: R 49% O 45%...

WELFARE SOARS 32% IN 4 YEARS...
Now costs $1,030,000,000,000...
Jobless claims rise most in 4 months...
Obama DOES Have Investments In Cayman Islands Trust...
... and has a bigger pension than Romney!
Under president, for every $7 brought in by gov't, $11 spent...
REALCLEAR MAP: Romney takes first lead in electoral college...

{ Any state that President Romney doesn’t carry is going to suffer! }

NC: R 52% O 46%...

OH: O 49% R 48%...
MI: O 44% R 41%...
WI: R 49% O 48%...
R closes 11-point gap in just two weeks...
O Brags About His Appeal Among Toddlers (sure…them among other young people who don’t understand how big a failure 0 is and how substantially he’s screwed them and the nation for years to come!)...

OBAMA ON COMEDY CENTRAL: 'WHEN FOUR AMERICANS GET KILLED, IT'S NOT OPTIMAL' [ 0’s such a joker/failure/joke! ]

Violent crime jumps 18%, first rise in nearly 20 years...

GALLUP: R 51% O 45%

DICK MORRIS: Romney won the second debate...
Threats to Assassinate Republican Romney Explode on TWITTER After Debate...

REPORT: White House contradicts president's statement on Benghazi terror attack...

Despite Pledge of Open Government, Obama Prosecuting Whistle-Blowers as Spies...

'When I Was President'... { Indeed, past tense for O and more than a Freudian slip as he heralds in new President Romney, writing on the wall though noit his teleprompter!
CAUGHT ON TAPE: Michelle O Broke Rules, Clapped During Debate...
'On Nov. 7, We're Going to Party Hard'...

U of Colorado Study: 77% likelihood Romney wins popular vote...

Record High Enrollment for Food Stamps: 46,681,833...

FOURNIER: Verdict Uncertain...
TREAT: Candy gives Obama 9% more time...
TRICK: Candy 'Throws the Flag'...
CANDYLAND: Romney was 'right in the main' on Benghazi, but 'picked the wrong word'...
Another debacle for America's media...
Reporters applaud Obama's slam on Romney's wealth...
Pelley: 'Most Rancorous Debate In History'...
'Nauesating'...

Reporters Get Drunk at Debate...
LUNTZ GROUP: BIG SWING...

A Frank Luntz focus group made up mostly of former Obama voters say they now support Mitt Romney.
"Forceful, compassionate, presidential," one participant said.
"Confident and realistic," said another.
"Presidential," another told Luntz.
"Enthusiastic," another reacted.
"Our next president," one man said.
"Dynamo, winner," said one more.
"He's lied about everything. He lied to get elected in 2008, that's why I voted for him. I bought his bull. And he's lied about everything, he hasn't come through on anything. And he's been bullshitting the public," one member of the focus group said.

Farrakhan's Fiery New Warning to USA: 'Every Plague Written in Koran is Going to Come to Pass'... { farrakhan’s really only talking about (all plagues rolled into) one plague; viz., the plague of the nigger which is extant despoliation wherever the niggers are, in the worst sense! Yes, they are the other, more nefarious black plague! }

Violent crime rises sharply... ‘6:53PM EDT October 17. 2012 - WASHINGTON — The violent crime rate went up 17% last year, ending a general decline in violence that began nearly 20 years ago, according to a new federal survey of crime victims.The Justice Department's National Crime Victimization Survey also found an 11% increase in the rate of property crimes, including household burglaries and car theft.’ { Come on! Perenially understated, these understated crime numbers don’t even take into account ‘protected/unprosecuted’ wall street frauds/crimes in the trillions. And, how about those fed paper bucks that ‘fell off the fed trucks’ even just recently; kind of like those 360 tons of $100 bills ($12 billion) flown into Iraq that just ‘disappeared into thin air, etc.. }

Driver Doesn't Stop For 8 Blocks As Men ( two niggers ) Viciously Beat Woman On Public Bus...

Greece faces anti-austerity shutdown as EU meets...
'In depression'...

GALLUP: R 50% O 46%

Ross Perot endorses Romney...

GALLUP: WOMEN TURNING AWAY (from MO O)...
'Stunning He's ( obama) in Politics, Because He Really Doesn't Like People'...
TONIGHT'S DEBATE 'DO OR DIE' FOR OBAMA...
Questioners Face $4,492 Tax Increase Next Year...

BUCK STOPS WITH ME: HILLARY TAKES BLAME...
Pins confusion on 'fog of war'...
Hillary Clinton to Obama in 2008: 'The Buck Stops In The Oval Office'...

Dem Political Signs Scaring Away Customers in VA...

Camp O attacks GALLUP again...
Jesse Jackson Jr. Speaks: 'Not well'...
Thought he was 'reincarnated chariot driver'...

Battery maker with $249 million in taxpayer cash goes bankrupt...

CEO touted 'green jobs' in Rose Garden...

STATE DEPT: Negotiations to keep troops in Afghanistan past 2014...
FLASHBACK: Biden: 'We are leaving in 2014. Period'...

GOV'T STUDY CONFIRMS 'GAYDAR' EXISTS, 60% ACCURATE... http://albertpeia.com/governmentwaste.htm
Coburn calls Senate cohorts biggest waste in government...

GALLUP: WOMEN TURNING AWAY { A new USA TODAY/Gallup Poll of the Swing States shows Mitt Romney with a lead among likely voters as he strengthens his standing with women in the nation's top battlegrounds. }

New Threats to Riot if Obama Loses Election... [ The threats alone are a reason sufficient for backing President Romney. If left unchecked, the nigger terrorists will be even further emboldened to their already egregious criminal, terroristic ways. No man, woman, or child will be safe if the lethal black cancer grows. The 4 years of O have been complete, utter failure and no amount of wobama b***s*** and nigger intimidation can change that fact! Quite simply, niggers are inherently criminal terrorists: Examples of what people are saying include the following;

“If obama dont get re-elected & romney wins .. on life every white persons getting pistol whipped and im startin a riot.” (SOURCE)

“If Obama don’t win lets start a riot so Romney know what he’s getting himself into.” (SOURCE)

“You know you ain’t shit if you gotta “MAKE” Mafukas vote for ROMNEY ! …. Mannnn OBAMA better get back in office . Or BLACK FOLKS will riot.” (SOURCE)

“If Romney wins im goin on a rampage.” (SOURCE)

“If Mitt Romney wins the election I think its our duties as Black folks to riot and fuck shit up.” (SOURCE)

“If every action IS met with an equal and opposite reaction ..what should workers do to employers if Romney’s elected? #Riot in the streets!!” (SOURCE)

“If Romney becomes president let’s all start a riot.” (SOURCE)

“I Heard Mitt Romney , Tryna Take Away Food Stamps , If He Do .”IMA START A RIOT , IMA START A RIOT.” (SOURCE)

“If romney wins, imma start a mf’n riot! Rns.” (SOURCE) ]

[ Will The Election Results Cause Massive Riots To Erupt All Over America?
http://theeconomiccollapseblog.com http://albertpeia.com/massiveriotsinamerica.htm { Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm } ]

Farrakhan warns forces trying 'to keep America white'... { Another nigger threat! }
CHICAGOLAND: For second time, grandmother learns a grandson is shot to death...
5 dead, 25 wounded over weekend... { Just another day in niggerland! }

Catholic Bishops Slam Biden Remarks...
REPORT: GM has lost $6.5 billion overseas since bailout...

Pelosi claims she read entire 2700 page Obamacare bill... { Riiiiight! And, just as Woody Allen quipped about having read War and Peace at (Evelyn Wood?) break-neck speed-reading pace, ‘it was about Russia’, so too can incompetent flake, not-too-bright pelosi say, it was about healthcare. }

Arlen Specter dies... { I’m glad he’s dead! He was a truly corrupt kike, going all the way back to the warren (fiction) commission to the present. He’s helped cause a lot of damage to this country! }

Shot Fired Through Window at Obama Campaign Office in Denver...
Will The Election Results Cause Riots?
WIRE: Do black people support Obama because he's black? { Do bears s**t in the woods? Is the Pope Catholic? Come on! Everybody knows that’s the case; and, surprisingly, those self-destructive losers who are white et als supporters of obama, in light of obama’s demonstrated 4 years of failure, must be doing so this time around for no other reason as well. How totally tragic and pathetic at once! }
Presidency 'has not helped cause'...
VIDEO: Dems joke they'll get enough votes to win -- even a couple of days late!

CAMPAIGN FREAKOUT!
OBAMA LOCK UNDER 10 STATES
As Election Day nears, Romney crowds are surging...

Geithner defends (indefensible) O as deficit again tops $1 trillion...

China's yuan hits record high against dollar...
BIG BANK SCORES RECORD PROFIT!
Fed Money Pumped It Up...
WYNN: My Employees 'Filled With Anxieties These Days'...
'Every Business Guy I Know Is Frightened Of Barack Obama'...
Biden claims he voted AGAINST two wars he voted FOR...
REPORT: 'Fast and Furious' Whistleblower Fired in DENNY's Parking Lot...
PAPER: Feds now probing suspicious activity in Rep. Jesse Jackson Jr. finances...

UPDATE: Hezbollah drone may have been sent to monitor Israel's nuclear facility...
Shot Fired Through Window at Obama Campaign Office in Denver...
Will The Election Results Cause Massive Riots To Erupt All Over America?
http://theeconomiccollapseblog.com http://albertpeia.com/massiveriotsinamerica.htm { Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence! http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

FLORIDA: R 51% 0 44%...
Biden, Ryan at each other on everything...
TENSE...
CNN POLL: R 48% B 44%...
Chris Wallace: I've never seen a candidate as disrespectful as Biden...
Borger: Came Off As Condescending...
Hume: 'Cranky Old Man'...
Noonan: 'The old man pushed, and the kid pushed back'...
Biden Interrupted Ryan 82 Times?
RNC AD: THE LAUGHTER...
REALCLEAR MAP SHOWS SHIFT...
OOPS: 'One large state didn't report some quarterly figures'...
SURPRISE: Jobless claims plunge...
Officials don't ID mystery state...
Biden contradicts State Department on Benghazi security...
Romney meets with Rev. Billy Graham...
'I'll do all I can to help you'...
Hungarian-born billionaire buys airtime to warn against socialism...
Carlos Slim, World's Richest Man, Gets Richer Supplying 'Obamaphones' To Poor...

R 49% O 44%
CAN HE GET THEM BACK?
10-11-12: Ryan prepares to take on Biden...
70 million watched VP debate in '08...
Commission dismisses Raddatz-Obama connection...
Conflict of interest?
Obama Defends Debate Performance: 'I Was Just Too Choomed Out, Nothing to Say'...
Campaign tries to quell panic...
Dems frustrated by 'Big Bird' turn...
Unions struggle to help...
Jack Welch: I Was Right About That Strange Jobs Report...
Ohio Obama Rally Features Rap Rendition of 'Sesame Street' Theme Song...
ROMNEY: 'You have to scratch your head when president spends week talking about 'Big Bird''... { Indeed! But, don’t scratch too hard; after all, what else can he talk about? He can’t talk about his record of unequivocal failure. He can’t talk about broken campaign promises (that would take ages). And, he can’t talk about solutions to the nation’s problems … because he has none which he has proven in 4 wasted, failed years. Moreover, wobama’s absolutely clueless as to what to do to solve the nation’s substantial problems, some caused/exacerbated by his own incompetence and failure. }
Mother of Slain State Dept. Official Tired of Being Lied To and Stonewalled by Obama Administration...
Spain Downgraded to One Level Above Junk...
PAGLIA: FORGET OBAMA, I'M GOING GREEN PARTY...
REPORT: 'Most sophisticated, professionalized and successful doping program that sport has ever seen'...
Teammates turn on Armstrong...
26 testify... { So much for the atheist armstrong; what a total fraud! Kind of like that other armstrong american fraud; the late, but not great, moony armstrong! }
CEO explains memo threatening layoffs if Obama re-elected...
FEDEX to cut thousands from workforce...
FACEBOOK Fought SEC to Keep Mobile Risks Hidden Before IPO Crash...
STATE DEPT SPINS NEW TALE ON BENGHAZI ATTACK...

POLL: Romney leads in 11 swing states...
Takes lead in OH...
PA, WI, MI close...
Biden Has Not Sat for On-Camera Nation TV Interview in 5 Months...
CEO Threatens to Fire Employees If President Is Reelected, Raises Taxes...
Chain Cuts Workers' Hours over Obamacare...
Steve Wynn Slams Obama: 'I'll Be Damned If I Want To Have Him Lecture Me'...
Ohio Obama Rally Features Rap Rendition of 'Sesame Street' Theme Song...
ROMNEY: 'You have to scratch your head when president spends week talking about saving 'Big Bird''...
PANIC: Romney signs in VA defaced, stolen and smeared with excrement...
VIDEO...**WARNING: GRAPHIC LANGUAGE**

GALLUP: 5-POINT ROMNEY BOUNCE...
PEW: 18-point shift among women...
POLL: Romney leads among independents 51-35...
'Enthusiasm' gap 13-point spread for Republican...
R closes gap in Michigan...
R 49% O 47%
University of Colorado: Updated election forecasting model still points to Romney win...
PAPER: Why Obama's campaign is falling apart...
SULLIVAN: SOS OBAMA
VEGAS REVIEW JOURNAL ENDORSES ROMNEY...
Romney casts Obama's foreign policy as weak, dangerous...
MILITARY TIMES POLL: R 66% O 26%...
BOUNCE: R 49% O 47%
8-point shift for Romney in Colorado...
Romney raises $12 million in 48 hours...
OBAMA RAISES $181 MILLION IN SEPT -- JUST 2% OF DONATIONS REPORTABLE...
Super PAC Donor on Obama: 'Looks Like He Took My Million and Spent it All on Weed'...
TEAM OBAMA BLAMES JOHN KERRY FOR DEBATE LOSS...
Man Tells Obama: Business 'Terrible Since You Got Here'...
NH voter: ‘O Couldn't run a lemonade stand'...
SNOOP DOGG TWEETS 10 REASONS NOT TO VOTE FOR ROMNEY...
'He a white n****'...
'Bitch I will beat the sh** out of you'...
Police Union Warns 'War-Like' (nigger-town) Detroit Unsafe For Visitors...
Hands Out Flyers: 'ENTER AT YOUR OWN RISK'...
GAS PRICES SET RECORD IN CA

Filling stations across state run out, shut down...
'What are they doing to us?'
Obama fundraiser with Katy Perry to snarl traffic...
REPORT: Intelligence officials accuse administration of 'cover-up' in Libya...
WHITE HOUSE POINTS FINGERS...
Email Shows State Dept. Rejecting Request of Security Team at Embassy...
34 security personnel pulled in 6 months before attack...
Boy writes letter to editor after shelter kills cat...
'Grown-ups killed my kitty'... To the editor: My name is Rayden. I am 8 years old and I live in Logan. Yesterday grown-ups killed my kitty, my best friend, when they weren’t supposed to. Because I really don’t know how to write, my PaPa is writing down the things I think and say. My kitty’s name is Toothless. When I got him I had just seen “How to Train a Dragon” at the movies. My kitty looked just like the dragon Toothless with big green eyes and the hair around his head. Toothless, my cat, has long fluffy hair and sleeps on my bed and loved to play with my brother and me. Toothless would let us carry him around all the time. He was our best friend. Last week he didn’t come in at night. Sometimes he does that, but this time he didn’t come back. After two days my little brother Devin, who is 5, and I went to every house on our street and asked everyone if they had seen Toothless our cat. Everyone said no. We were worried and scared something was wrong. On Wednesday after work my dad went to the animal shelter as it was closing. They didn’t want to let him in, but they did. He asked if there was a cat with long black fluffy hair there. They let my dad in to look at the cages, and there was Toothless! He was curled up laying in the back of the cage very scared. When my dad made his funny meow sound that he does to make him come home, Toothless jumped up and came to the screen and rubbed up against it and was so happy to see my dad, and he wasn’t scared anymore. My dad wanted to take him home, but they said he had to go to another office building and pay a fee. The lady at the shelter said it would be OK and told him to come back the next day and we could get Toothless. When my dad came home and told my little brother and me he found Toothless we were so happy and we weren’t scarred or worried anymore. My dad went back the next day to get our kitty and they told him they didn’t have any long-haired black cats. They only had a white fluffy cat. My dad waited a long time for the lady to come back and talk to him. The same lady that told my dad to come back the next day said she was sorry. She had forgotten to leave a note to tell the people my dad would be there for Toothless and they had just killed my cat that morning. She had just forgotten to write a note to save a member of my family. They killed him and I don’t know why. My dad found out where he had been picked up and it was our neighbors down the street that don’t like cats and dogs. They had caught him in a trap and gave him to the police to take him away. When Devin and I knocked on their door and asked if they had seen Toothless they told us no, and that was a lie. My dad and mom tell me and Devin not to lie and that is right. I didn’t think big people lied because they are grown ups and know what is right. Now I don’t know what to do. My cat Toothless is dead; the people that killed him didn’t even give him to my dad so we could bury him. What do I do now? Rayden Sazama Logan Editor’s note: Cache Humane Society Director Brenda Smith confirmed Rayden’s story that an animal shelter worker forgot to leave a note to halt euthanization of the Sazamas cat. { The shelter/city should be sued and the employees involved should be fired for cause! }

BOUNCE IN POLLS:
R PULLS AHEAD IN VA...
R +3 IN FL...
R +3 IN OH among those 'certain' to vote...
REALLY! 7.8%
Total employment 'highest one-month jump in 29 years'...
Welch: President manipulating numbers after debate performance...
BLS economists donate to Obama campaign?
Rate Plummets to 4.3% -- For Govt Workers...
Report met with suspicion...
ROMNEY: Rate more like 11%...
OBAMA: Can't turn back now...
SEPT. EMPLOYMENT: +114,000...
Aug. number revised to +142,000 -- from +96,000...
Welch: Obama manipulating numbers after debate performance... { There are some people (and their assessments) that you might dismiss as light-weight partisans… Jack Welch is not one of them! Indeed, among the rarest breed historically of exceptional american CEO’s, Welch points to the folly of preposterously a month before elections, on paltry/pathetic jobs numbers ( election year temp/part-time for manipulating stats along with the nebulous ‘stopped looking’ fudge factor) , following a disasterous debate showing (of wobama failure and incompetence), the unemployment rate falls to just below the ‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is tantamount to the obama 100% employment fantasy where literally everyone but him has stopped looking for work and hence, not counted in compiling the unemployment rate (and then those jobs in the millions lost and gone forever on his watch - what a banana republic!). Come on, wake up!: JACK WELCH: OBAMA IS MANIPULATING THE JOBS NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS AWFUL…UNBELIEVABLE JOBS NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T DEBATE SO CHANGE NUMBERS. }

O NO: CLINT WAS RIGHT!
Leno: 'Only Person Who Didn't Tune In Was Obama'...
Campaign aides 'shell-shocked'...
Man Tells Obama: Business 'Terrible Since You Got Here'...
NH voter: 'Couldn't run a lemonade stand'...
Deficit Tops $1 Trillion for 4th Year...
California Refiners Ration Gasoline...
L.A. stations run out, close pumps...
Gas Prices Likely to Rise Through Election...

SKYFALL
RATTLED, O GOES ON ATTACK...
BUCHANAN: Romney: Best debate performance in 52 years...
John Sununu calls Obama 'lazy and detached'...
FLASHBACK: 'There's a laziness in me'... { Of course O’s lazy…niggers are lazy…that’s just the way they are…don’t blame the niggers, they were born that way! And, what about the audacity of wobama the b for b***s*** talking about specific plans by President Romney when wobama’s ‘plans’ last b***s*** campaign, from war (continued) to prosecutions of the big wall street frauds (none) to cutting the deficit (actually increased in record fashion), etc., etc. were meaningless b***s*** when measured by what he did (zero)….Just like a nigger! When are people going to awaken to the reality that obama’s just total b***s*** without the slightest clue as to how to achieve results through work/performance, and is too lazy to really care! }
Was Obama rattled by developing donor scandal story?
BIDEN: 'Yes, We Do' ...
Keept away from press...
AARP to President: Don't mention us again...
67 MILLION: RATINGS JUMP FOR DEBATE...
15 million more than '08...
Left-Wing Websites Reject Obama Ads, Say Campaign Undercutting Them By Working With GOOGLEAOL...
Harry Reid makes up quotes in another attack on Romney...
NYT: 'President Xanax'...
Lost, bewildered without teleprompter...
Gas prices in CA hit record highs...
Supply shortages shut pumps...

ROUND WON: Romney Seized Offense in Debate...
You Were Fighting For Obamacare, Not Jobs...
'The Path We’re Taking Is Not Working'...
FOURNIER: Cursed Obama Falls...
MSNBC MATTHEWS: 'What Was He Doing!'
Cutter takes swipe at Lehrer...
Carville: 'Romney came with a chainsaw'...
Andrew Sullivan: 'This was a disaster'...
UH O
Lost, bewildered without teleprompter...
CNN POLL: Romney Annihilates...
Van Jones: 'Was Able To 'Out-Obama Obama'...
LEFT TURNS ON O...
CA gas prices set to spike...
Man beaten, robbed -- inside grocery store!
Another sex scandal rocks Detroit...{ Was she the sex lackey of Detroit Blacky? …'The chief of police exceeded his professional status,' David Robinson said. }

NATIONAL JOURNAL SHOCK POLL: R 47% O 47%...
BIDEN: Middle class has been 'buried' during Obama's presidency...
New Model to Predict Unemployment Sees Rate at 8.1%...

POLL: 43% of voters certain they will vote for Romney. 42% certain they will vote for Obama. Remaining 15% either uncommitted or open to changing mind.... MORE...

POLL: Doctors choose Romney...
DENVER BRONCOS John Elway Endorses Romney...
CNN poll magically tightens as calendar turns...
PAPER: Obama will need all the luck that he can get...

RYAN: We Are Seeing Obama's Foreign Policy 'Unravel on Our TV Screens'...
'Holder must go' over Fast and Furious...

Hundreds line up for $1.84 gas in Michigan in Anti-Obama Stunt...
2012 DEBT SURPASSES 2011...
Huge tax increase looms at year-end 'fiscal cliff'...

Jobs Outlook Weak as Companies Reporting Cost Cuts...
REPORT: Recovery faster for immigrants than US-born workers...
U.S. MILITARY DEATHS IN AFGHANISTAN HIT 2,000....
AFGHAN SOLDIER KILLS 2 MORE AMERICAN TROOPS...
Biden Misstates Number Of Fallen Heroes...
Military absentee ballots going AWOL in 2012...
REPORT: 1 million Ohioans have 'Obama phones'...
RYAN WARNS: 'We need to tackle challenges before they tackle us'...
Dollar Falls Most in Year...
UNIVISION report connects 'Fast & Furious' to murders of 16 Mexican teenagers...
NETWORK FINDS 57 UNREPORTED WEAPONS...
VIDEO **WARNING -- GRAPHIC**...
RYAN: 'Holder must go'...
Jets owner: I'd rather Romney win -- than the Jets!
OCTOBER 1: OBAMA APPROVE AT 47%
POLL: O 49% R 47%...
POLL: O 49% R 47%...
Eurozone hits record high unemployment...
18.2 million jobless...
'INEVITABLE NEW RECESSION'...
One in 10 EU workers missed work for depression...
26% in UK diagnosed...
Greek youth unemployment hits 55%...

Top Five Worst Obamacare Taxes Coming in 2013...
Romney: Debates a Clear Path to Voters...
'We're going to win Pennsylvania'...
SHOCK POLL PA: O 47% R 45%...
Leno Turns: 'We Wasted Four Years Waiting For Obama To Do Something About The Economy' { Yeah, Jay! } ...
HOUSE CHAIRMAN CALLS FOR AMBASSADOR SUSAN RICE'S RESIGNATION...
JAY-Z: I'M WITH OBAMA CAUSE HE'S BLACK...
CHICAGOLAND: Black Gang Member Tells Reporter, 'There Is No Solution To The Violence; Killing Is The Solution'...
Member of 'Obama Boyz' gang charged in St. Louis shootings...
Riots Between Black, Latino Students Break Out At CA High School... { Yeah…Latinos not taking the typical s*** from the niggers! }

MITT DEBATE PLAN: CALL OUT OBAMA LIES... { The question is, do they have enough time to air all; so many lies, so little time! }
GDP revised down to 1.25%...
Durable orders drop 13.2% -- 'worst since recession'...
SANTELLI: 'Depressingly weak'...
Census: Americans' Incomes Have Fallen $3,040 During 'Recovery'...
OBAMA HAS MY VOTE, HE GAVE ME A FREE PHONE...
SEIU Paid Protesters at Romney Cleveland Rally...
'$11 an hour'...
UPDATE: 3 ( yes, 3 niggers) arrested in vicious beating on Capitol Hill (Do white/yellow/brown people for O have a death wish? After all, he/holder have protected the violent, anti-white black panthers)...

DICK MORRIS: Romney 'Pulls Ahead'...
Romney: 'Pleased With Some Polls, Less So With Others'...
Romney pays tax rate 'higher than what 97% of Americans pay'...
SURVEY: 55% Of Small-Business Owners Would Not Start Company Today, Blame Obama...
Sebelius to hit campaign trail again -- after breaking election law...
Solution To Michelle Obama's new school lunch menu: SNACK! { Riiiiight! There you go! After all, chimps literally spend all day foraging for munchable snacks in the wild. But, if you’re not a chimp of leisure as moochelle, or just not a chump and busy with other things, ‘three squares’ will just have to do as they always have! }
Post Office Prepares for Second Default in Two Months...
Romney: President Doesn't Want People To Know What Happened In Libya...
Libyan president: Anti-Islam film had 'nothing to do with' attack...
Honeymoon Over as Markets Brace for Volatile Times...

Health Premiums Up $3,000; Obama Vowed $2,500 Cut...
Ralph Nader calls president 'war criminal'...
OBAMA PROCLAIMS FIGHT AGAINST 'SLAVERY' { Desperate nigger desperados playing the familiar nigger card! Send them back to sub-saharan Africa! }
2012: MICHELLE TALKS SLAVERY, SEGREGATION...
'Back when our great-grandparents were riding that Underground Railroad'...
Madonna (the ‘black hand italian’ who stups niggers) threatens to strip naked if Obama re-elected...
Vote for the 'Black Muslim in the White House'...
COMPLAINTS MOUNT AGAINST MICHELLE O'S NEW LUNCH MENU...
'WE ARE HUNGRY'... { Such a diet is based upon her own innate proclivities and projection: ‘…Chimpanzees prefer fruit above all other food items and will even eat them when they are not abundant. It will also eat leaves and leaf buds. Seeds, blossoms, stems, pith, bark and resin make up the rest of their diet…’ }
Senators to Hillary: Show us murdered ambassador's cables...
Libya tense after death of man who caught Gadhafi...
...calls for vengeance
GOP recalls Obama's earlier victory lap...
iPhone muggings up 40% in NYC...

PAPER: Don't believe hype on US 'recovery'...
Pennsylvania Shock Poll: Obama 47% Romney 45%...
FLORIDA POLL: O 48% R 47%...
Veterans retreating from president...
DICK MORRIS: Why The Polls Understate Romney Vote...
Romney Releases 2011 Tax Returns; Paid $1.9 Million on $13.7 in Income...
...donated $4,020,772 to charity
Voluntarily paid more than required...
Harry Reid avoids prior claims...
'TIME TO SHOW YOURS, HARRY'
Zuckerman: Obama Campaign 'Divisive and Dishonest'...
POLL: Distrust in Media Hits New High...
Biden on college cheerleaders: 'The stuff they do on hard wood, it blows my (lobotomized) mind'...
WHITE HOUSE STORY ON LIBYA FALLS APART...
100 DAYS UNTIL LARGEST TAX HIKES IN HISTORY... http://albertpeia.com/taxmaggedon.htm

FIRST SERIOUS INTERVIEW: O PRESSED ON FAILURES BY UNIVISION
Romney: Obama's New Slogan 'No, I Can't'...
GALLUP: O 47% R 47%...
Median Income In OH Hits 27-Year Low...
Obama still blames video for Libya attack?
Ramos Rips Away...
'YOU DID NOT KEEP YOUR PROMISE'...
Shouldn't you 'fire' Eric Holder?
Student asks president for advice -- on how to find a job!
PAPER: 'THE OBAMA YOU DON'T KNOW'...‘…But beyond the spin and the polls, a starkly different picture emerges. It is a portrait of a man quite unlike his image, not a visionary reformer but rather a classic Chicago machine pol who thrives on rewarding himself and his friends with the spoils of public office, and who uses his position to punish his enemies. Peter Schweizer captures this other Obama with a bracing statistic in his book "Throw Them All Out," published last year. In the Obama economic stimulus program's Department of Energy loans, companies owned and run by Obama contributors and friends, like Solyndra's George Kaiser, received $16.4 billion. Those not linked to the president got only $4.1 billion. The Energy Department is far from the only federal program in which favoritism has heavily influenced federal grants. To paraphrase Tammany Hall's George Washington Plunkitt, Obama has seen his opportunities and taken them, over and over. - Mark Tapscott / Executive Editor’
Republican senators decry 'useless, worthless' Clinton briefing...
Lewinsky set to reveal Bill Clinton's sex secrets in tell-all book...
'Worst nightmare'...
OBAMACARE TAX TO HIT 6 MILLION
MOSTLY MIDDLE CLASS
RASMUSSEN SWING STATES: R 47% O 46%...

POLL CONFIRMS ROMNEY: OBAMA HAS 47%... { Yes…and the really tragically sad part of that reality for america is that it’s a strategy of theirs, making americans dependant on the government (for food, protection from bogus, self-created/induced bogey men/terror, protection from warranted prosecution as with the largest frauds on wall street, corzine et als, mf global etc.); and not just the poor; viz., ie., the frauds on wall street and their contraindicated QE entitlement along with protection from prosecution for their huge frauds, etc… }
Tax Compliance for Obamacare: 80 Million Hours...
O: 'I ACTUALLY BELIEVE IN REDISTRIBUTION'
Analyst: Fed's 'QE-Infinity' Will Push Gold Up to $2,400...
Mortgage Lending Slides to 16-Year Low...
WSJ: The Data Behind Romney's Comments...
REPORT: Median Income Worse Now Than During 'Great Recession'...
'Unprecedented' Jump in Food Stamps...
8,786,049: Yet Another Record for Americans Collecting Disability...
16 people working for each person collecting..

US credit rating downgraded -- again...
PUMPING BLAMED...
CASH FOR BANKERS: Fed risks political fallout...
Faber: If I Were Bernanke, I Would Resign... { Yeah…but you’re not ‘The Rain Man’ … he’s comfortable there … He’s not insane according to Einstein’s definition; viz., doing the same thing over and over and expecting a different result … He’s just … ‘The Rain Man’ (Doesn’t burnt out bernanke remind you somewhat of Dustin Hoffman in portraying the character of the same name/film? If only he could count like ‘The Rain Man’.) }
Gas Prices More than Double Under Obama: $1.84 to $3.85...
Kids Question Michelle: Where Will They Move When President Loses?
'FULL-BLOWN CRISIS'

ELECTION MANIPULATION: NEW PUMPING BEGINS!! { This is an especially great opportunity to sell this suckers’ market/take profits! Nothing’s been solved! Just because ‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember that ‘no recession call’ of his; and, of course, no QE before the election, prospectively, already discounted many times over by the ‘markets, such as they are, ie., algo buy programs, etc.. ). All this and now ‘whatever’ is too little and too late for the uss Titanic which has taken on too much, not water, but b***s***. This was a desperate move, bespeaking desperation.The fact is things are ominously so bad, and worse than ‘allowed’ to be seen for the moment, that something as this QE which is economically and financially contraindicated and a proven failure for all but the frauds on wall street along with their cohorts including desperate politicos, is resorted to in desperation to divert attention from their unequivocal failure. After all, though having cost so many americans their jobs with wrong calls and policies, bernanke is trying to save his own by inflating the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama rehired failure bernanke, President Romney would have fired, and will fire him … goldman sachs knew this dollar debasing failed policy QE 3 would come and at the expense of the muppets…that’s their term for all you suckers). I further believe this contraindicated largess to the frauds on wall street is to preserve his post fedship tenure job possibilities by ingratiating himself even further with those nefarious, self-serving interest groups. }

Romney Calls Obama Response: 'Disgraceful'...
Muslims Attack US Embassies...
Mobs with guns and rocket-propelled grenades...
FLASHBACK: Hillary Clinton boast on Gaddafi: 'We came, we saw, he died'...
PROTEST: $9 gallon for gas in NY and NJ...

Median income lowest since 1995...
Lower class grows...
Why did Obama use N-word to describe his grandfather?
Suspected Bank Robbers Toss Cash Out Window During Police Chase...
VIDEO... { A neighborhood nigger in response to a reporter lauded the criminal acts of the armed niggers saying they brought cash into the neighborhood where (other niggers) ‘people’ are hurting. Isn’t that among the typical rationalizations that underlie every dastardly deed perpetrated by the uncivilized niggers? The niggerized DOJ under holder/obama similarly finds ways to rationalize not prosecuting as promised; ie., biggest frauds on wall street, mfglobal/jon corzine, defense of and protection for black panthers, etc.. How can people wonder why this nation’s crumbling? }

ROMNEY: 'Forwarned' is better than 'forward''... { Sampling some of the network talking head roundtables over the weekend I was astounded how many wobamanoid apologists talked up the dismal, paltry private jobs, many part-time or low-pay, without mention of the record insurmountable $5 trillion increase in the deficit to create them for the purpose of obfuscating wobama’s blatantly failed performance as potus. Such people, either so partisan, so unschooled in the relevant disciplines, so ill-prepared for the journalistic task entrusted to them, literally have no defendable place in the field of real journalism and are an embarrassment to all that journalism purports to be. }
DICK MORRIS: Obama Thugs Rough Up GALLUP For Polls They Don't Like...

POLL: O 49% R 45%... reuters/ipsos – the socialist/communist pollsters…they have a lot at stake…look at their socialist europe and left-leaning city bases. Their polls can’t change what already is!
DEMS SOFT ON WALL STREET CRIMES...
FLASHBACK: CARTER +4 OVER REAGAN IN SEPT 1980 [+8 IN OCT]...
FLASHBACK: DUKAKIS +17 OVER BUSH AFTER DNC 1988...

DICK MORRIS: Advantage Romney...
REPORT: GOV'T MOTORS LOSES $49,000 ON EACH CHEVY VOLT...
'The Democrats' GM Fiction'...
Pentagon buys hundreds to 'green up' military...

8.1%
+96,000
368,000 DROPPED OUT
88,921,000 'NOT IN LABOR FORCE'
Milbank: Demigod falls to earth... { After four years of unbridled, unfounded, blind faith in and defense of wobama the b for b***s***, it truly makes my heart soar to see Mr. Milbank finally walk into the light! Indeed, David Bowie (Nicholas Roeg’s ‘Man Who Fell to Earth’), wobama is not; not that even David Bowie could have siphoned/drained the vote as did grifter/conman/parasite obama. Yet, it cannot be denied that nobody, no news organization, not even a government agency did their homework in vetting this complete and utter fraud called ‘barack obama’! } ‘…After a couple of nights at the Time Warner Cable Arena, the convention was to have closed with President Obama’s acceptance speech at the Bank of America Stadium, where convention officials were planning to squeeze nearly 6,000 seats onto the field to expand the stadium’s capacity beyond its usual 74,000. But the speedway event was canceled — ostensibly because of logistical problems but more likely because convention fundraising was running low. Then the Democrats canceled the stadium event in favor of the smaller arena — ostensibly because of “severe thunderstorm” concerns but more likely because they couldn’t be sure enough people would come to fill the stadium.In fact, the forecast hadn’t called for severe weather, and conditions were fine Thursday night. The change caused thousands to be turned away, and the crush of crowds at the arena led authorities at one point to lock down the building for a second straight night – leaving some delegates on the street while lobbyists enjoyed the proceedings inside…’
CLINT SPEAKS: Obama 'greatest hoax ever perpetrated on American people'... { I think Clint is too kind in euphemistically referring to and characterizing wobama as merely a hoax as opposed to the indisputable fraud, grifter, conman that obama most certainly is! }

White House to miss deadline for report on 'fiscal cliff' budget cuts...

O: I'M NOT DONE YET { He’s done! }

NOONAN: 'Stale and empty... he is out of juice'...
OBAMA HAMMERED IN FIRST REVIEWS...
FROM THE LEFT: TOMASKY: Pedestrian and Overconfident...
FROM THE RIGHT: KRAUTHAMMER: 'One Of The Emptiest I Have Ever Heard'...
AP: Obama and the phantom peace dividend...

'VOTE BLACK'/‘VOTE NIGGER’ BUTTONS HIT CONVENTION HALL...

Bob Woodward book leaks... Developing...
Debt Deal Collapse Led to 'Pure Fury' From Obama...
Explosive mix of dysfunction, miscommunication, and misunderstandings...
Pelosi 'reached over and pressed mute button on her phone' as Obama talked... MORE

WOODWARD: White House so stunned by 2010 GOP triumph, it didn't even have Boehner's phone number...

Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }

Poll: R 48% O 44%

RASMUSSEN: ROMNEY 47% OBAMA 44%...
GALLUP: ROMNEY 47% OBAMA 46%...

Dem Gov.: We're Not Better Off Now...

GALLUP: Obama Job Approval Drops to 43%...
PROTESTERS VOW BIGGER CROWDS IN CHARLOTTE...
'Occupy' encampment re-opens near Dem convention...
DNC security rules trigger free speech worries...

KING: Obama presidency has been time of deep Dem decline...
Frustrated union leader throws empty chair...

RECORD-HIGH LABOR DAY GAS PRICES GREET DEMS IN CHARLOTTE...

RYAN: President 'running campaign based on envy and division'...

GOP launches 'Obama Isn't Working' message...

SUNDAY: Dem Gov. -- We're Not Better Off Now...
MONDAY: 'We're Clearly Better Off'...

BIDEN: 'If It Weren't So Hot I'd Go Into Detail'...

Debt to hit $16 trillion just as party gavel in convention...
Dems to bus in black church members from SC...
ID required to attend...

'GODFATHER' TO CUT DNC TRIP SHORT...
Chicago schools brace for strike...

'GOD' LEFT OUT

Dems Drop 'God' From Party Platform...
REUTERS PHOTO DEPICTS HARRY IN HELLFIRE...
Endorse taxpayer-funded abortions...
DNC Video: 'The Government Is The Only Thing We All Belong To'...

ABCNEWSWASHPOST POLL: Obama personal popularity fading...
Women Turning...

DEBT TOPS $16T...
$136,249 Per Household...

FOOD STAMP USE CLIMBS TO RECORD 46.7 MILLION...

Key SOLYNDRA figure 'ran for exit' after seeing ABCNEWS cameras on DNC floor...

UPDATE: Obama gives himself an 'incomplete' grade...
POLL: Just 40% say he deserves second term...

POLL: Less Than Half of Army Officers in Afghanistan Report High Morale...

Panicking Spaniards Pull Out Cash, Leave Country...
Depression, Suicides Rise as Euro Debt Crisis Intensifies...
MOODY'S Changes Rating Outlook to 'Negative'...

COPS: Mother Forces 10-Year-Old Boy To Rob House... { Shafique (black) and her son ran away but Lynnwood police arrested her. They found a stolen laptop and crack cocaine. }

Gasoline To Hit Labor Day Record Price...
University of Virginia Declines Obama Campaign Request...
EX-NFL GREAT TO BLACKS: SAY NO TO OBAMA...
70% of Obama's 19 million TWITTER followers fake...
CHICAGOLAND: 13 shot in 30-minute span...
FLASHBACK: Obama -- 'Chicago Is Example of What Makes This Country Great' { Wow! Talk about choom fantasy… unless you’re a fan of…Al Capone! } ...
FOXNEWS POLL: Romney Pulls Into Lead...
Republicans eye return to gold standard...
Romney Reiterates He Would Replace Bernanke...
Analysis: Incomes Fall More Under Obama...
Big Loss for Those Near Retirement...
USA $20 trillion in debt by 2016...

FABER: Odds of Global Recession Are 100%...

GALLUP: Romney edges Obama...

'RUDE' BUT TRUTHFUL PICTURE OF TELEPROMPTER OBSCURING OBAMA’S FACE FROM REUTERS PHOTO RAISES EYEBROWS...

Texas Judge Preparing For 'Civil War' If Obama Re-Elected...

ROMNEY: President 'Has Tried To Substitute Government For Free People'...

PAPER: THE LEFT HAS BEEN TOO KIND TO OBAMA...

Postal Worker's Vacation Halts Mail In Jersey City, NJ...

TINA FROWN! { Newsweek on wobama’s failed presidency – Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }
GALLUP: ROMNEY 47% OBAMA 45%
ROMNEY: Time to Audit the Fed...

GAS PRICES SET RECORD...
Poll: Not better off now than in 2008...

SHOCK POLL: Romney beats Obama in Chicago suburbs...
SPIKE IN ARMED ROBBERIES, SAVAGE BEATINGS ON CAPITOL HILL...
Crime jumps 64%...
NOONAN: If Biden Were Republican, Topic Would Be 'How Stupid Is This Person?' { Well, in fairness, a distinction is carved out for Lobotomy Joe who really did have part of his brain surgically removed! } FACEBOOK FALLS TO HALF OF PUBLIC OFFERING PRICE...
No Horses, But Detroit Water Department Employs 'Horseshoer'...
BOOK: Obamacare designed to unionize 21 million health care workers...
Increases costs of hip, knee replacements...
O STICKING WITH LOBOTOMY JOE!

MSNBC Host: Romney Engaging In 'Niggerization' Of Obama { Well, if the shoe fits…and the shoe fits only too well for jive-talking, b***s***, grifter/fraud wobama, who has actually accorded protection to the black panthers who have threatened whites as matched with dasterdly deeds of violence by blacks against all other races! MSNBC said it, and truth be told, it doesn’t take much to see it in light of the fact that wobama’s just a typical jive-talking, incompetent, b***s*** nigger! }...

ROMNEY, RYAN PREPARE FOR ASSAULT ON OBAMA'S SPENDING...
U.S. Foreign Debt Hits Another Record...

Democrats' nerves start to show...
VA BAKER SAYS NO TO BIDEN STOP...
Secret Service buys cupcakes as thanks...
Customers flock in...
'OBAMA CAN KISS OUR A**'...

HOW LOW WILL IT GO? FACEBOOK STOCK PLUNGES...
Has lost half of value...

JULY DEADLIEST MONTH OF 2012 FOR TROOPS...
ARMY SUICIDES SET RECORD...
FBI: Federal court clerk sold secret info to L.A. gangsters...

New Jersey unemployment rate at 9.8%, highest since 1977...

REPORT: GM's European failure will prompt second Obama bailout...

CHICAGOLAND: City Worker Caught Stealing 500 Feet Of Copper -- Off Midway Airport Runway!

Ecuador grants WIKILEAKS founder asylum...
40 police surround embassy...
U.S. denies pushing arrest...

Obama defends Biden on 'chains' comment...

HE DID IT AGAIN: LIVING IN WRONG CENTURY!
REPORT: Obama has 22 days to drop Biden from ticket...
VIDEO: Biden Refers to Ryan as 'Governor'...
Now Social Security Administration To Purchase 174 Thousand Rounds Of Bullets!

Hypersonic aircraft crashes seconds into military test flight...

Thousands of Federal Retirees Get Six-Figure Pensions...

CHICAGOLAND: 50,000 line up for Obama amnesty program...
Labor Dept. Attempts to Stop Layoffs by Giving $100 Million to States, Subsidize Payrolls...

VIDEO: Biden Imitates Sign Language Lady… [ I’m quite serious when I say lobotomy joe biden had part of his brain removed… he literally had part of his brain surgically removed…his nonsensical outbursts are symptomatic of lobotomies generally…] ...
Wonderment Whether Biden Has 'Mental Capacity' for Presidency...
VP says 'We can win North Carolina' -- while campaigning in Virginia...

New Black Panthers to RNC: Our 'Feet Will Be On Your Motherf***ing Necks'{ Listen to these uncivilized, dumb niggers! This is typical nigger talk and predisposition to criminal action/violence! How can whites et als self-destructively embrace the niggers? Niggers are beasts of burden and burdens wherever they are. There are few physical tasks they do well and even fewer of said available tasks relative to their populations to make a difference. They are a near complete washout in non-physical tasks, are too costly and are bad workers, unproductive generally to employ and not worth the enormous cost and trouble. The very scant few exceptions are statistically insignificant. Niggers belong in jails where they can commit no crimes in general society; plus there’s the savings thereby on their invariably wasted welfare, programs in addition to their predisposed crimes on the outside…It is far cheaper to jail them which is best for civilized society (look at their off the charts crime rates, and that’s only those that are caught! They’ve literally destroyed cities as is so wherever they are in concentrated numbers. These are indisputable facts/truths that civilized societies/governments can no longer afford to deny.) } ...

REPORT: Ill. state workers forced to attend Pelosi, Jesse Jackson Jr. event on taxpayer dime...
Buchanan: 'Obama has steadily diminished both himself and the office he holds'...
Campaign admits knowing story behind flawed PAC attack ad...

UPDATE: Postal Service Posts Big Loss as Cash Runs Low...
UPDATE: Jesse Jackson Jr. being treated for bipolar disorder... { Mayo Clinic: Jackson has bipolar depression }
SPIRITS SPEAK TO PELOSI ( Riiiiight! And they keep telling her… ‘bankrupt america…bankrupt america…bankrupt america’….she believes them, tries her best to comply, and follows their advice! Meanwhile, by way of séance, hillary getting the message…’more world strife…more world strife…more world strife…’ and she’s complying! Not to be left out of democratic party stratagems, wobama’s been seen sticking pins into a doll that bears an uncanny resemblance to President Romney… If only they had a real strategy and knew what they were doing! ) ...
Over 100M in America on Federal Welfare...

Gingrich Warns: Obama 'direct threat' to my grandchildren's future...

BOOK: Blago claimed $25,000 channeled to Obama...

Miami Cannibal Victim's First Interview: 'He Just Ripped Me To Ribbons. He Chewed Up My Face. He Plucked Out My Eyes'...

WHO NEEDS CONGRESS? (Not wobama the dictator!) Obama Considering Executive-Branch Action on 'Internet Security'...

Nearly half of long-term U.S. immigrants are on welfare...

$5.2b in fraudulent tax refunds to immigrants...

OBAMA (who plays his 104^th round of golf as potus) POPULARITY SOARS -- IN NIGGERTOWN DC!

Plays 104th round of golf (as nation flounders)...
HARRY REID HELPS CHINESE SOLAR FIRM REPRESENTED -- BY HIS SON!
PAPER: It's time to fight back against Dirty Harry...
Wife: Rep. Jesse Jackson Jr. getting treatment but 'still very depressed'...
Ethics investigation continues...

BIASED MEDIA BASH: 86% of Romney coverage NEGATIVE... { Friday Humor: (obama last campaign) "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Wow! The only explanation might be they’ve been duped by wobama along with the rest of the nation and are too embarrassed for not doing their reasonably expected due diligence on grifter obama and just won’t own up to the reality of the fraud called wobama! Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … ) Obama's Five Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm [ the economy is already in depression in real terms when taking into account real inflation numbers. Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’] }

Boehner: Obama has 'never even had a real job, for God's sake'...
O BRINGS BACK TELEPROMPTER...
REPORT: Warnings ignored in Solyndra loan...
STOCK IMPLOSION HITS CA TAX REVENUES...

San Bernardino files for bankruptcy...
Vacant Detroit becomes dumping ground for the dead...

House urges Obama to fight UN web regulation...

Union leader strives to ease president's 'white guy problem'(insanely seeks a place in the blackpeoples’ pot-they ‘love’ that white meat)...

COPS: Teen Stabs Man 22 Times After Online Xbox Chat Turns Sour...

REPORT: White House scrambles to prevent defense cut pinkslips before election...
Chicago: 'The Deadliest Global City'...
POLL: ROMNEY PULLS TO 5 POINT LEAD...
Court Finds Obama Appointees Interfered with New Black Panther Prosecution...
UPDATE: Jesse Jackson Jr. at Mayo Clinic for depression...
REPORT: Obama's 'You didn't build that' gaffe won't bring back teleprompter...
Gorilla in zoo hangs himself...
CAMPAIGN RATTLED...
Barack Obama Sr: 'Nothing Stopping Gov't From Taxing 100% Of Income'...

POLL: Less than half of voters think president is Christian...

ROMNEY MOVES INTO LEAD AT GALLUP, RASMUSSEN...
USATODAYGALLUP POLL: Romney preferred over Obama to handle economy...

It's Official: 5 Straight Years of $1 Trillion Deficits!

OBAMA CAMPAIGN RUNS DEFICIT IN JUNE...
Spent $2.6 million -- on polling?
Paid $93k for Half-Empty Stadium Kick-Off Event...

US poverty on track to rise to highest since 1960s...

CHICAGOLAND COPS: Teens kill man in 'knock 'em down' game...

Former SEAL Team Six Commander Launches Anti-Obama Offensive...

'IT'S A FAKE'...
Sheriff Joe's Obama probe finds 'national security threat'...
Calls Congress to move on eligibility...
VIDEO: 'Every document surrounding Obama plagued with problems'...

NEXT: Compton, CA, may declare bankruptcy...
3-Year-Old Mugged in NYC...
3-year-old boy mugged -- while sitting in stroller!
Thieves Stripping Air Conditioning Units For Freon To Get High...
HORROR: Naked, Blood-Soaked Man Breaks Into 2 Homes, Kills Elderly Woman... { http://albertpeia.com/anothertypicalblack.htm Do americans feel they deserve such a fate at the hands of the uncivilized wobama blacks }
COPS: Woman Kept Friend's Corpse In Armchair For 18 Months, Watched NASCAR With It...
'He Was Only Guy Who Was Ever Nice To Me'...

FLASH: Rep. Jesse Jackson Jr. 'in Rehab'...
'Persistent sleep disorder'...
Has Been Under investigation by House Ethics Committee...
NYT: His Father's Son...
Chicago police sergeant: 'Tribal warfare' on streets...
Comparable to Iraq, Afghanistan...
WAR DRUMS: USA moving dozens of underwater craft to Persian Gulf...
TOURISM PLEA TO GODFATHER: Violent crime wave must be defused...
Algorithms now 'writing' articles for newspapers and websites...
SALES TAX IN SPAIN JUMPS TO 21% { That’ll work! }
Jon Voight defends Brad Pitt's mom after death threats for anti-Obama letter...
UPDATE: Closure of Border Patrol stations across 4 states triggers alarm...
REPORT: People losing homes for as little as $400 in back taxes...
NAACP Requires Photo ID to See Holder Speak in State Being Sued Over Voter ID (they’re such b***s***/hypocrites)?
GODFATHER UNDER FIRE AS MURDER RATE SOARS...
Chicago Mayor Appeals to Gangsters' 'Values'...
'Don't touch the children'...
RADIO STATION REPORTS REP. JESSE JACKSON, JR 'ATTEMPTED SUICIDE'...
Questions mount...
NAACP goes wild for Eric Holder...
'O: This Will Be My Last Political Campaign No Matter What'...
GALLUP: APPROVE SLIPS TO 44%...
POLL: US CHANGED FOR THE WORSE UNDER OBAMA ...
Boehner: Voters Need Not 'Love' Romney...
Man Who Introduced Obama At Rally Owes $500,000 To Former Employer...
'We sort of ran out of money'...
Obama campaign threatens donors: 'We could lose if this continues'...
Obama uses 'I' and 'me' 117 times in speech...
'Delirious' Blood-Covered Naked Man Selling Candy Kills Motel Worker In Violent Rampage...
Man holds knife to 3-year-old's face, threatened to cut out tongue...
Kudlow: Obama’s Goose Is Cooked...
Obama's Social Security Number challenged...
'American story' faces fresh scrutiny... { ‘By some counts, The Story presents more than three-dozen instances of material discrepancy where Dreams fails to align with the facts as Maraniss reports them. Case in point: Maraniss confirmed that Mr. Obama's mother, Ann Dunham, left his father, Barack Obama, Sr., a volatile bigamist, and not the other way around, as related in Dreams. Dreams also related the tale of Obama's paternal grandfather, Hussein Onyango, who was said to have been detained and tortured in a prison outside Nairobi for six months because of his brave defiance of British colonialists. But after a half-dozen interviews and other research, Maraniss deemed the tale "unlikely." Read more: http://www.foxnews.com/politics/2012/07/04/obama-american-story-faces-fresh-scrutiny/#ixzz1zmwWPuJ5 ‘ }

Ann Romney says woman being eyed for ticket...
Obama's whole campaign strategy is 'let's kill this guy' ( That’s no exaggeration, the predisposition of blacks toward whites; and, wobama can’t run on his record of failure in which he’s lied and failed! ) ...
POLL: In 15 swing states, Romney leads Obama 51% to 43%...
Romney accuses Obama of 'vicious lies' on BAIN CAPITAL...

'THE LAW I PASSED IS HERE TO STAY' { Wobama must be back on his choom pipe fantisizin’ again! }

LAND OF THE FREE: San Diego man stranded after told on 'no-fly' list...
Midwest ranchers, lawmakers protest drone flyovers...
TWITTER shares info on gov't demands for user data...
ACLU Launches Smartphone App To Secretly Record Police Stops...
'Homeland Security' Report Lists 'Liberty Lovers' As Terrorists...
Cannibal Updates: Boy bitten on neck by man in 'vampire' attack...
VIDEO: Man high on synthetic 'spice' goes on naked 'ninja' rampage...
'ZOMBIE CANNIBAL': 'I'm a eat you'...

SCORN ON THE 4TH OF JULY: Chris Rock Mocks 'Happy White Peoples Independence Day'...

TOP BLACK CHURCH BACKS HOLDER, BLASTS HOUSE...

Severed head thought to belong to Canadian cannibal's butchered lover found in park...
Pregnant woman bites off boyfriend's fingertip...

RECORD NUMBERS OF AMERICANS ON DISABILITY

NOW Mammoth Lakes files for bankruptcy!

Rep. Allen West: Obama Wants Americans To 'Be His Slave'...

4 EMAILS IN A DAY? Obama begs donors for more as Romney rakes it in...
SHOCK: Justice Dept. will not prosecute Holder for contempt of Congress... [ Justice Department shields Holder from prosecution after contempt vote FoxNews.com | The Justice Department moved Friday to shield Attorney General Eric Holder from prosecution after the House voted to hold him in contempt of Congress. DOJ Says It Won't Prosecute DOJ Head Holder How should we say this: we are shocked, shocked, that the DOJ won't prosecute itself. BREAKING: DOJ says it won't prosecute Attorney General Holder after the GOP-led House voted to hold him in criminal contempt of Congress – Fox see also, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm House could arrest Holder with inherent contempt power The Washington Times | The thought is shocking, and conjures up a Hollywood-ready standoff scene between House police and the FBI agents. { Eh, what the heck…you can let that go…they’re hoodied blacks, not white like Nixon, etc…; and, be sure to hold on to your wallets, purses everyone ‘cause there’s black folk in the capital! } ]

CHICAGOLAND: 7-Year-Old Girl Gunned Down While Selling Lemonade Outside Home...
MCCONNELL: 'Sold to American people on a deception'...
CURL: Gift to Romney... { This may seem somewhat counterintuitive and a bit of a rationalization; but, it is absolutely true. So true in fact, that wobama will come to be compared to Pyrrhus of Ephyrus (W. Greece) since realization of what this legislation won’t do for americans and the economy and what it actually does will not have the galvanizing effect that striking the bill down would have had on voters who were thinking ‘another free lunch from the government’ will save them (we all now know better, no such thing). Yes, in somewhat European tradition, defacto bankrupt america is keeping up with the (ie., rating agencies Egan) Joneses. After all, we all know how well this European program model is working out for Europe (and any other nation that’s tried it). In the final analysis, this and such programs as the contraindicated bailouts for the unprosecuted frauds on wall street, etc., will prove to be the ‘camel-back breaking’ moment for america; and, a pyrrhic victory for the egregiously failed president wobama. America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ … }

HISTORIC: HOUSE VOTES HOLDER IN CONTEMPT...
DEM HOODIED BLACKS PLUS WALK OFF FLOOR...
Pelosi botches name of slain border agent...

Adult Chimpanzee Fatally Mauls Baby Chimp at LA Zoo...

ZIMMERMAN PASSED POLICE LIE DETECTOR...
REPORT...
Syringes litter NYC beach...

ZOMBIE: Man who took synthetic drug strangles dog, starts eating it...

POLL: Obama drops 8 points with whites...
... 13-point plunge among young voters

Obama Asks People Getting Married To Forgo Gifts...
Donate To His Campaign Instead... { Wobama is so pathetic! Sure, sacrifice for the grifter wobamas so they can continue livin’ large on the taxpayer dime while accomplishing nothing except greater public debt to hide his failure. This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. It’s laughable to hear him blame congress for his lack of accomplishments when the reality is that he ‘really wasn’t there’ for any of it. For wobama the presidency is just endless debate, rhetoric, campaigning, vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***, and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into election-year desperation / promises, etc., is just a fool of the worst kind! AP: ‘…THE FACTS: Five Senate Democrats voted against sending the DREAM Act to the Senate floor for full consideration. The bill would have created a path to citizenship for many young illegal immigrants brought to the United States as children. Last week, Obama announced plans to stop deporting illegal immigrants who would have qualified for the DREAM Act. The policy change does not include a path to citizenship…’ Then there’s the other meretricious ‘wobama desperation hail mary’ that once again falls short. Indeed, as an investor, one analyzes earnings, projects prospective earnings over a 3-5 year horizon, and the quality of the earnings along macro economic factors which are affected by ‘political considerations’. Does anyone remember the honorable Ross Perot who warned of NAFTA’s effect on american jobs even as the democrat administration et als were hell-bent on passing same? Should Romney have breached his legal duty to shareholders and invested in companies with poor earnings prospects? After all, in the financial / security analysis step of projecting the income statement, prospective labor costs figure prominently in the bottomline. In sum, Romney took conditions as he found them, and made the prudent choices which as per his legal duty were optimal for those who put their trust in him. For those who put their trust in proven failure wobama, all they have to show for such misplaced trust are broken campaign promises, now insurmountable record deficit spending exceeding all the presidents since Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal failure. }
Will accept your birthday or anniversary gifts, too...

VIDEO: Obama Trips At Campaign Event In Tampa...

ZOMBIE: Naked man bites off chunk of arm...

PAPER: Obama's grandfather tortured by the British? A fantasy (like most of the President's own memoir)... { http://albertpeia.com/wobamaschoomgangfantasy.htm }

JAILHOUSE CALLS: Zimmerman told wife to buy bulletproof vest...
WAR ZONE: 7 Killed, Dozens Wounded During Obama Visit to Chicago...
More killed this year than in Afghanistan...
Bill Maher: 'The Problem With Racism Is Matt Drudge'... { Oh riiiiight! Drudge is the racist for reporting facts/reality concerning black on every color crime along with black threats. What can you expect from maher who is an null sum embarrassment/disgrace who like the italian scallion had married (and I believe is now divorced from) a black (he like booby deniro need rationalization)? } Here’s some reality for maher who doesn’t mahter:

U.S. Cannibal Updates: Doctors release first photos of Miami cannibal victim...
**WARNING: Extremely graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]
U.S. CANNIBAL UPDATES:

'Zombie Bullets' In High Demand Following Cannibal Attacks...
COPS: Attacker bit off large chunk of victim's face in bloody assault...
UPDATE: SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT...
NEW: Man Threatens To Eat Cop...
'Growled, opened and closed his jaw'...
Woman bites wig shop owner’s bicep, spits flesh in face...
L.A. KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby who unlike hoodie trayvon martin killed in self-defense (from niggers) was not a thief and was totally innocent? The tragic outcomes for ignoring the threat of the uncivilized niggers! }

http://albertpeia.com/blackonbrowncrime.htm

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

CANNIBAL UPDATES: CRUISED MIAMI IN 2010?

COPS: Canadian cannibal on run in France -- dressed as woman...

CANNIBAL CAPTURED IN BERLIN...
Arrested at Internet cafe -- looking up stories on himself!
Shady, Master of Disguise...

{ U.S. Cannibal Update }: Maryland cannibal ranted on FACEBOOK...

Ming Qu and Ying Wu Murder Case: Two arrested in the killings of ... (CBS) LOS ANGELES - Los Angeles police Friday announced the arrests of two suspects in connection with the shooting deaths of two Chinese graduate students who attended the University of Southern California, reports CBS Los Angeles. [ { Yup! Typical lawless, uncivilized niggers! The following comment to the article sums it up: ‘Three blacks shooting two Chinese students. Where is the public outcry and protests? Where are all of those that were screaming injustice when Trayvon Martin was shot?’ }

http://albertpeia.com/blackonyellowcrime.htm

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]

FUGITIVE CANNIBAL WARNED: I CAN'T STOP KILLING...
Scary digital trail...
Gay White Porn Star Wanted by Interpol...

CANNIBAL STRIKES IN MARYLAND... { Yes, another black cannibal; with ties to wobama’s home country of Kenya, Sub-Saharan Africa. }
SHOCK DETAILS...

South Beach Cannibal 'Put Under Voodoo Curse'... {Riiiiight! That voodoo thing made him do it! Oh yeah, that and the evil white man’s bathing salts also the culprit!}
VIDEO SHOWS BIKES RIDING PAST SOUTH BEACH CANNIBAL ATTACK!
MORE GRISLY DETAILS...
'BATH SALTS' TRIGGERED SOUTH BEACH CANNIBAL { Riiiight! Fine young black cannibal, driven cannabalistic by bath salts made by those evil white overlords! How 'bout the inherent cannabilistic trait as manifested here; the recurring theme of ‘Roots’, they’ll choose white meat over dark meat every time! http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

Flash Mob of 40 Kids Storm 7-ELEVEN over Free Slurpee Promotion, Beat Manager, Raid Shelves...

REPORT: Woman viciously beaten at MCDONALD'S drive-thru...
'This is for you, you white b***ch! This is a grape soda!' { The description of the suspects - two black women and one black man - is vague. The best clue police have to go on right now is they were driving a light-blue Cadillac with temporary tags. }

HORROR: Mob of 20 'hooded blacks' storm UK pub, drag man out, stab him to death...
Half of Florida high school students fail reading test...
COPS: 19-year-old white student beaten by two separate black gangs...

Dershowitz: Zimmerman acted in self-defense. so drop murder charge...
Evidence Backs Up George Zimmerman's Version of Shooting...
Witness Told Cops: Trayvon Straddling And Punching 'MMA Style'...

New evidence in Trayvon Martin case raises more questions
Trayvon Martin's autopsy shows he had marijuana in his system the night he was killed by neighborhood watch volunteer George Zimmerman, and a gunshot to his chest came from close range, according to nearly 200 pages of previously undisclosed documents released Thursday.

ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose, Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving nigger was enraged by his being thwarted in his scope-out/plundering of Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his true story, Zimmerman was fighting for his life and ultimately saved the citizens of Florida from the future costs of the burgeoning violent, thieving typical nigger-criminal trayvon martin.}
Previous: Holder sues Florida city, says firefight test racist [ Yeah, of course, because dumb niggers can’t read, ‘rite, or do ‘rithmetic! They’re always too busy donning their little hoodies and scopin’ out neighborhoods for their pillaging, plundering, and terrorizing! ]...
Black mob beats white man unconscious on his front porch...
'Now that's justice for Trayvon' (they shout in crazed nigger fashion)...
DERSHOWITZ BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT STUPID'... [ Indeed! And, make no mistake, I never would have thought I’d be agreeing with Alan Dershowitz on anything: http://albertpeia.com/trayvonnewtawana.htm ]

BANG, BANG ‘…His surprising testimony came the same day that ABC News exclusively obtained a photograph showing the bloodied back of Zimmerman's head, which was apparently taken three minutes after he shot and killed Martin. The photo could give credence to Zimmerman's claim that Martin had bashed his head against the concrete as Zimmerman fought for his life…’

COPS: Suspect angry over Trayvon Martin death beats up white man...

Obama as a Boy Ate Dog Meat [ And, you can bet there’s canabalism in his line; his father being an african ape nigger and his mother a flaky whore; you know, that typical type that schtooped niggers back in the day! ]...
Obama campaign tries to diversify...
...looking to hire more African-Americans [ More dead-weight, contentious, unproductive make-shift, make-work, costly welfare job niggers … just what the nation, strike that, wobama campaign needs.]
Farrakhan Warns Whites: 'Unless You Change, Your End Has Come'… [ They call this a self-destructive manifestation of the Oedipal Effect: Goodbye niggers, aka unevolved apes/chimps/monkeys – Your end’s already here! Your jigs are up, and you boos are down! Everyone’s onto your nigger jive! Look in the mirror! If only you could change / evolve faster! ] ...
HOLDER PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...

'SECOND DEGREE MURDER'...
'We do not prosecute by public pressure or by petition'[B***S***!]...Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The reality is, if that were the criterion and rule, given the overwhelming prevalence of black violence, particularly black on white violence, there’d be a lot of dead niggers. Niggers are a scourge wherever they are; a black plague, if you will. The reality is that in this nation, having been overrun by niggers, americans have become the new age dinosaurs. As for tyson, the ugly little monkey that no one wanted, now full-grown angry ape, his IQ is well below the average 100. Ape tyson is just a disgrace, period. He’s a typical ignorant, violent ape/nigger. Life with ape tyson, also a convicted rapist, was described by his then (soon to be former) wife, Robin Givens, in a live televised interview with him present (you can only imagine the unsaid) as ‘hell’. He’s mentally deranged (too many head shots?), but he does profess typical nigger sentiment. (Mike Tyson vs. Robin Givens: … biggest fight | Ebony ... Eight months after Mike Tyson and Robin Givens were married on Feb. ... beatings -- she filed for divorce)

Panthers Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:
April 11th, 2012 at 9:51 pm 11 percent of population and they always have thier hands out begging for more.No matter how much you give them its never enough.Filthy animals is all they are. (Absolutely correct!)
Dandroid Reply:
April 11th, 2012 at 5:47 pm
Show trial to keep the peace? Cities will burn if hes found not guilty!
Startover Reply:
April 12th, 2012 at 12:04 am
Let the cities burn, send the Army in to finish them off
George Zimmerman is totally innocent
Trayvon is a punk ass killer (also a known thief and would be in futuro typical nigger criminal)
There is only one victim in this case and that is Zimmerman
Eduard Reply:
April 11th, 2012 at 7:28 pm
Precisely!! That was my thought. This press release sounded more like a minor league actress thanking everyone at a Grammy Award for her success. Then again, I can’t emphasize enough how despicable the “lawyer” field really is. There is no shame in it. The profession is a giant conflict of interest. Moreover, the rules of lawyer ethics always being pulpitted is nothing more than consumable fodder for the gullible. Ethics and lawyers? Laughable isn’t it? That’s like Lucifer passing out copies of the decalogue. This whole twist to the “mestizo-reported-as-a-white man” Zimmerman case has notched into a renewed effort of politicalization for formenting a racial war. …’ ]
Heroin dealer uses welfare EBT card to post bail [ Yes, he’s a nigger; with unreported cash drug income that gives him welfare as well! ] ...
New Black Panther Party chief of staff apologizes after radio outburst...
'The things that's about to happen, to these honkeys, these crackers, these pigs'...
Black residents fearful after shootings in Tulsa… [ Now they know how the ‘white folk’ feel, everywhere, every day, and the black on white violent crime stats overwhelmingly prove the reality and legitimacy of that concern! Civilized people everywhere are tired of the typical nigger b***s***! ]...
RACE WARS: ZIMMERMAN BREAKS SILENCE...
Family challenges Holder on New Black Panthers...
Hacked roadsign reads: 'Trayvon a n*****'...
CNN says 'f****** n*****' on air...
Anchor: 'N*****' Should Replace 'N-word' in News Reports...

Government Surveillance Crackdown On Internet Goes Into Overdrive...
Congressman fears Obama power grab in 'emergency'...
Fidel Castro mocks Obama over 'guayabera' diplomacy...

Rev. Wright Unleashed: 'White Supremacy' Drives 'World Policy'...
Clarence Thomas Worshipping 'Some Other God'...

REPORT: 'Stunning lack of diversity' in Obama's re-election campaign [ I’d say this is more embarrassing for the self-destructive whites who are for obama; after all, who would be foolish enough to hire the typically uncivilized, problematic, violence / crime prone, etc., blacks? ] ... { to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). }
$1 million pizza party in Detroit -- on sterling silver plates!
WHouse basketballs emblazoned with Obama's image...
HOODIE ON THE HILL...
VIDEO: Dem Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members, keep your purses close when ‘bobby bobby r’ is near; the temptation might prove to be too much for his inner rap nigger soul man. ]
Ex-Black Panther...
Another Says Trayvon 'Hunted Down Like Dog' [Well, if the shoe fits … but, actually, niggers are more like apes, monkeys that only evolved to a point… and some dog-lovers might be offended by comparing niggers to dogs. ]...
Pentagon unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those black niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]

Black Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who do these filthy niggers think they are? ] Take a look at this nigger who kills a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of Florida teen not a racist, lawyer says...
SECRET WITNESS: Self-defense... [Witness: Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different picture than we've seen so far of what happened the night 17-year-old Trayvon Martin was shot and killed.The night of that shooting, police say there was a witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to that witness.What Sanford Police investigators have in the folder, they put together on the killing of Trayvon Martin few know about.The file now sits in the hands of the state attorney. Now that file is just weeks away from being opened to a grand jury.It shows more now about why police believed that night that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told dispatchers he was following a teen. The dispatcher told Zimmerman not to.And from that moment to the shooting, details are few.But one man's testimony could be key for the police."The guy on the bottom who had a red sweater on was yelling to me: 'help, help…and I told him to stop and I was calling 911," he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only wanted to be identified as "John," and didn't not want to be shown on camera.His statements to police were instrumental, because police backed up Zimmerman's claims, saying those screams on the 911 call are those of Zimmerman."When I got upstairs and looked down, the guy who was on top beating up the other guy, was the one laying in the grass, and I believe he was dead at that point," John said.Zimmerman says the shooting was self defense. According to information released on the Sanford city website, Zimmerman said he was going back to his SUV when he was attacked by the teen.Sanford police say Zimmerman was bloody in his face and head, and the back of his shirt was wet and had grass stains, indicating a struggle took place before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun
Hoodie-Wearing niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night  ]
'There were young men scattered everywhere'... [ http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]

Buchanan: It's all about race now...
NAACP condemns nigger apeman sharpton's call for escalation in civil disobedience...
Talkradio host calls for arrest and removal from MSNBC...
Detroit Preacher: 'Isn't The Mood In This Nation That White People Are Better Than Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished truth! And, not just whites; viz., Asians, Hispanics, real American Indians, etc., and most feral beasts except dogs are better than blacks who are at best their equals, though some dog owners/lovers may dispute that. Niggers are a scourge on civilized society wherever they are. Just look around, worldwide, wherever they are, in concentrations particularly; it’s the same nigger story. That’s the way they are. That’s what they are. They are a blight on any neighborhood. They are a blight on any society and an insurmountable burden. They bring any society down. Some will argue, how ‘bout sports?, to which one may reply, ie., just because you go to horse races, doesn’t mean you want to live with horses, or, just because you have monkeys in zoos doesn’t mean you want to live with them, etc., much less cede control and affect over society to them. ] '

PARENTS OF MURDERED WHITE STUDENTS SLAM OBAMA FOR SILENCE [ Well, they’re just white folk, not niggers like obama et als. Moreover, there would be no end to the limitless requests as ‘black on white violent crime’ is at epidemic levels and by far exceeds the miniscule proportions of white on black crime. http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
George Zimmerman's father speaks for first time...
Says Trayvon threatened to kill his son...
'You're going to die tonight'...
ABCNEWS: Police video shows no blood...
Large gash on back of head?
POLICE REPORT: Bleeding from nose, head...
Network names 13-year-old witness...
'Plzz shoot da #mf dat lied 2 u!'
@KILLZIMMERMAN TWITTER feed...
First lady hits Vegas with daughters...
FLASHBACK: Obama: 'You can't go take a trip to Vegas on taxpayer's dime'...
10-car motorcade at Mount Rushmore; tourist access restricted during visit...
[ The niggers are forever so ‘in your face’ with their hypocrisy, sense of entitlement, and divorcement from reality; always pushing the bounds of niggerism to contrive an incident / controversy when rational people finally stand up and say ‘wait just one cotton-pickin’ minute’; so outlandish is the typical black jive / nigger b***s***! ]
Holder loses again: Charges against militia members thrown out … [ The corrupt, biased holder should be going after his fellow niggers, the black panthers! ] ...
COPS: Trayvon protesters ransack store … [ Any excuse for niggers to be niggers! ]...
House dems try to politicize...
Zimmerman a registered Democrat...
'You ain't tell me you swung on a bus driver'...
Multiple suspensions from school: marijuana, grafitti, 'possession of burglary tool,' jewelry...
Suspended THREE times for drugs, truancy and graffiti and 'caught carrying a burglary tool': New picture emerges of Trayvon Martin (and did he attack a bus driver too?)

The teen was suspended from school three times

He was on suspension when he was shot in February, after officials caught him with a 'marijuana pipe' and a baggie with drug residue

Trayvon was kicked out of school in October for graffiti after he was allegedly caught with a 'burglary tool' and a bag full of women's jewelry

Officials also suspended him once for skipping school and tardiness

Trayvon Martin was suspended from school three times in the months before he was shot dead by a neighborhood watchman, it emerged today.

The facts, revealed in a leaked report, paint a different picture of a teenager who frequently found himself in trouble with authorities.

It was also revealed that he might have attacked a bus driver, according to a Twitter account that it is claimed belonged to the teen.

The Miami Herald claims that in October, he was caught with a 'burglary tool' - a flathead screwdriver - and 12 pieces of women's jewellery. Martin insisted that they did not belong to him.

POLICE: Black teenagers light 13-year-old on fire; 'You get what you deserve, white boy'...
Typical n*****s! Come on! People are tired of making making up excuses for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white people'... [ Typical n*****s! Good thing there are food stamps; otherwise they’d be reverting to their inherent proclivity for canabalism (send them back to africa … even give them a lump sum for an irrevocable repatriation incentive … a huge cost-saving beyond the first year with substantial salutary effects for the nation, the economy, and the remaining civilized non-blacks). The other major crimes they do anyway. It’s their nature. You’ll never change the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security... [ I refrained from using the ‘n word’ (or even blacks / negroes) in referring to the culprits in the following two incidents (those tender sensibilities) but I’m sure you’ve guessed that they were niggers and I include same here in light of the foregoing incident (and yes, the victims were white), which is typical. ‘.. while walking through Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion (limbic system / adrenalin flow) I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped / a crowd gathered / an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA’s position with both felonies ( he went to prison – pled out ). The other case I wrote about here ( This was included on my website in the Psychology forum discussion of ‘bystander effect’ / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparently had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp (a police officer here in California was the object of intense criticism for having used a flashlight to subdue a criminal / nigger after a long chase so I included that here) . The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal / nigger went to jail (where they belong). The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). ]
Black Serial/Mass/Spree Killer List:
1. Matthew Emanuel Macon (Murdered and Raped 5 White Women in Lansing)
2. Jimmie Reed (Murdered his wife and his 2 month old daughter and set them on fire)
3. Shelly Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)
4. Justin Blackshere (Stabbed two white cooks at Cheli’s Chili downtown Detroit)
5. Jervon Miguel Coleman (Murdered three people.)
6. Donell Ramon Johnson (Murdered a mother and a daughter)
7. Brian Ranard Davis (6 women known murdered by nigger)
8. Paul Durousseau (Seven women)
9. Mark Goudeau “The Baseline Killer” (Eight women and a man in 2005-2006)
10. Coral Eugene Watts (11 women in Texas & 1 in Michigan)
11. Anthony McKnight (Five girls and young women)
12. Derrick Todd Lee (8 Women)
13. Charles Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15 years!)
14. The Zebra Killings (71 White people)
15. Chester Turner (L.A.s most prolific killer 12 women killed.)
16. Lorenzo J. Gilyard (Kansas City, MO.—13 victims)
17. Eugene Victor Britt (Gary, IN.–3 known murder/rapes.)
18. Reginald and Jonathan Carr (The Wichita Massacre–6 Whites murdered)
19. Ray Joseph Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people in 7 days, including an entire White family.)
20. The Tinley Park Murderer (Suspect hasn’t been found but has been described as black – murdered 5 women in a store.)
21. Henry Louis Wallace (Raped and strangled 5 women to death.)
22. Charles Johnston (Murdered 3 unarmed white men in hospital)
23. Craig Price (Brutally murdered 3 women)
24. Harrison Graham (Brually Murdered 3 women)
25. Charles Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council. )
26. & 27. Darnell Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)
28 &29. John Allen Muhammad & Lee Boyd Malvo (Sniped 11 people from a car in DC, 9 died.)
30. George Russell (3 women, WA state)
31. Timothy W. Spencer (5 killed, Arlington, VA and Richmond, VA)
32. Elton M. Jackson (12 gay men killed, Norfolk, VA area)
33. Carlton Gary (3 killed in Columbus, GA)
34. Mohammed Adam Omar (16 women, Yemen. Omar is Sudanese.)
35. Kendall Francois (8 women, Poughkeepsie, NY and surrounding areas.)
36. Terry A. Blair (8 women, Kansas City area)
37. Wayne Williams (33 many of them children!, Atlanta, GA)
38. Vaughn Greenwood (11 killed in LA)
39. Andre Crawford (10 killed in Chicago – southside)
40. Calvin Jackson (9 killed possibley more in NY)
41. Gregory Klepper (killed 8, Chicago – southside)
42. Alton Coleman (Killed 8 in the Midwest)
43. Harrison Graham (killed 7+ in N. Philadelphia)
44. Cleophus Prince (6 killed in, San Diego
45. Robert Rozier (7 killed in, Miami)
46. Maurice Byrd (killed 20 + in St. Louis)
47. Maury Travis (17 and rising, St. Louis and possibly also Atlanta)
48. Hulon Mitchell, a.k.a. Yahweh Ben Yahweh (killed 20+ in Florida)
49. Lorenzo Fayne (killed 5 children in East St. Louis, IL)
50. Paul Durousseau, (killed 6, two of which were pregnant women, Jacksonville, FL; Georgia.)
51. Eddie Lee Mosley (killed 25 to 30 women, south Florida)
52. Henry Lee Jones (killed 4 in, south Florida; Bartlett, TN)
53. Richard “Babyface” Jameswhite (15 killed in, New York; Georgia.)
54. Donald E. Younge, Jr. (killed 4), East St. Louis, IL; Salt Lake City, UT.
55. Ivan Hill (killed 6 in Los Angeles area).
56. Michael Vernon (Bronx, NY. Killed at least seven people – )
57. Chester Dewayne Turner (12 women killed in, Los Angeles)
ARREST MADE IN LOS ANGELES GRIM SLEEPER SERIAL KILLER CASE July 07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME |By Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested a suspect in the Grim Sleeper serial killer case and will charge him with 10 counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of attempted murder, Capt. Kevin McClure with the Los Angeles Police Department said.Franklin will arraigned in court Thursday morning, McClure said.The California Attorney General's office attributed the arrest to DNA collected from a relative of the suspect, in a controversial and rarely used practice known as familial DNA search.’
Of Course There Are Black Serial Killers by Lynette Holloway on  July 15, 2010 The case of the "Grim Sleeper" inspires a second look at the popular perception that serial killing is the province of clever white men.
Serial Murderers' Row July 16, 2010 The following black men are among the most prolific serial killers in U.S. history. http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus: Behind the myth that only white men commit such crimes.
Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved In Fights At Mall Of America After Rumors That Rappers Are There...

Miami Heat Players Don Hoodies...
'Dead or Alive' Poster Issued by New Black Panther Party... [ ‘Minority Report’ Division of Pre-Crime, Pre-Cogs say, ‘Dead or Alive – all niggers’ … whatever the outcome in the investigative process, the stark reality is that at least, unlike the niggers committing many more ‘black on white’ violent crimes, Zimmerman (and this is no endorsement – I won’t be looking at this one incident all that closely) was at least trying to do a good thing made necessary by the ever increasing number of brutal crimes committed by the black thugs in neighborhoods across the nation; then there’s somalian pirates, etc.. People domestically and internationally are suffering from nigger-fatigue and are totally niggered out. Oh, yeah, there are some Hollywood types who feel good about themselves having niggers around and helping niggers to help them feel better than they really are, insecure as they are, by being better than at least someone beyond fantasy. Loony george clooney is one. Dreadfully boring and with that monotone, monotonous voice and not that bright, he’s not even able to fake it on screen as an action hero (ie., batman, what a horrific miscast) wimpy pussy in reality that he is; then there’s the ‘black (sean) penn’ who cried like a baby while incarcerated for a couple of days not that long ago. The atheist jolie, so fatherly troubled as she is, has let the equally mentally troubled pitt (she so nutty she makes him feel somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be the closest she’s gotten to her black projects. Let them live anonomously (in disguise) with the niggers for some time for a real close look and then see what’s left of their predisposed love for the nigger. Then there’s the italian scallion, booby deniro; drug addled as his black wife high-tower, what a total embarrassment to Italians everywhere; even as he tried to ingratiate himself recently with niggers everywhere and particularly national embarrassment mammy michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan Africa! ]
'BLACK NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE CONTRARY ] ARE UNDER ATTACK [ SAYS NIGGER SHAKEDOWN ARTIST JACKSON] ' [ Hold on one cotton-pickin’ minute jesse, that’s not what the facts say Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d look just like any other nigger. And, don’t worry about the black vote, failed president wobama the b for b***s*** will get nearly if not all, 100% of the nigger vote! Drudgereport: Farrakhan Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks that would have to be retaliated against based upon the hushed reality of the prevalence of black on white crime? The blacks should be careful what they wish for in playing that game because the facts don’t break in their favor. ] ...

People have become weary of making up excuses for blacks (like obama, holder, etc.). At some point, as now, people should not be timid about relating the cold, unvarnished truth statistically / factually about blacks and, ie., black on white violent crime, etc..

 From Pat Buchanan: As for racism, its ugliest manifestation is in interracial crime, and especially interracial crimes of violence. Is Barack Obama aware that while white criminals choose black victims 3 percent of the time, black criminals choose white victims 45 percent of the time? Is Barack aware that black-on-white rapes are 100 times more common than the reverse, that black-on-white robberies were 139 times as common in the first three years of this decade as the reverse? We have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned out to be hoaxes. But about the epidemic of black assaults on whites that are real, we hear nothing.

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

The reality is that blacks are an insoluble problem wherever they are. That’s not going to ever change; not make-shift/make-work jobs; not programs; not anything tried or to be tried; hence, they must be treated as exactly that – problems – before a solution can be derived and fashioned. ] [ Send the niggers, including niggerbama back to sub-saharan africa! ]

5-23-13 HOLDER OK'D SEIZURE OF FOX REPORTER EMAILS
Obama Orders Holder to Investigate -- Holder...

Declares increase in domestic terrorism fueled by Internet...

FLASH CRASH...
HECKLED OVER GITMO...
'Sit Down. You should let me finish my sentence'...
'Part of Free Speech Is You Listening'...
Calls for bringing Gitmo terror suspects to US...
GOP SEN: Speech 'viewed by terrorists as victory'...

OBAMA TO DRONE LESS
POLL: Majority Want to Return to Pre-Obamacare System...

REPORT: LA Mayor broke...
DNC Chairman's 'Quest for Wall Street, Washington and Wealth'...

PREMATURE ELECTION: *****SLAPS WEINER...
'Shame On Us' If We Erect Him...
First campaign stop: Harlem...
Press frenzy...
More Lewd Photos Might Come Out...
Hillary Clinton strives to steer clear of yet another sex scandal...

Swedish riots rage for fourth night...
PAPER: 'Niggers who slaughtered soldier are British born'...
'Beheaded'...
VIDEO **WARNING: GRAPHIC**

Cab Driver Brutally Beaten Has Taxi Stolen By 2 Women...

5-22-13 REPORT: DOJ Seized Records of Five FOXNEWS Phones...
... INCLUDING PARENTS OF TARGETED REPORTER
Judge Apologizes For Lack of Transparency...

ISSA TO HAUL LERNER BACK BEFORE COMMITTEE...
'Waived her fifth amendment rights' by giving opening statement...
IRS internal investigation ended 6 months before '12 election, was hidden from Congress...
Dem warns of special prosecutor...

SPECIAL PROSECUTOR 'INEVITABLE'...
Bernanke Has Now Injected Foreign Banks With Over $1 Trillion In Cash...

Board Votes To Close 49 Chicago Elementary Schools...
KIDS SLAM 'GODFATHER'...

Man kidnapped off NYC street, tortured for 30 days...
LONDON SHOCK { Niggers butcher white soldier. }
BRITISH SOLDIER HACKED TO DEATH WITH MACHETE ON LONDON STREET...
'Beheaded'...
VIDEO **WARNING: GRAPHIC**
'We swear we will never stop fighting you'...
Rant against the West...
'We want to start a war in London tonight'...

5-20-13 DOJ TARGETED FOXNEWS REPORTERS, PRODUCER...
Tracked movements via key card, traced calls...
GOOGLE GAVE DOJ PRIVATE E MAILS...
FOXNEWS: We will unequivocally defend free press...
REPORT: DOJ Leaked Docs to Smear Fast & Furious Whistleblower...
Administration's Two-Front War...
RNC Chief: Obama Creating 'Atomsphere of Guerilla Warfare'...
Congressman: Impeachment an option...

Anonymous IRS official -- everything comes from the top...
McConnell: 'There is culture of intimidation throughout administration'...
DAY-BY-DAY: HOW WHITE HOUSE CHANGES ITS IRS STORY...
Dem Allies Call for Special Prosecutor...
Reporters Stonewalled; Escorted by Police in Public IRS Office Building...
Portman: IRS will need special counsel...
'I Could Take Up Whole Afternoon Talking About His Failures'... { michelle o on o }
'I'M A BLACK MAN'... { No, obama … you’re a typical nigger! You’re an over-vacationed, underperforming, incompetent, lazy-ass, typical b***s*** nigger who also happen to be an unequivocally failed president! }
Obama Uses Commencement Address to Recall Jim Crow, Racism of 40s, 50s... { Such calling of a ‘spade a spade’ provided a sound foundation to america’s rise; failure to do so has precipitated america’s decline. Everybody knows it; and are afraid to say it. Reality counts! }
'As an African American you have to work twice as hard'... { Come on … twice as hard? … obama’s never even had a real job … more typical obama b***s***… the stark reality is that, obama included, they don’t even bother working a fraction as hard as others … and, they really don’t care that they don’t … the very narrow, limited exception(s) are particularly games where performance is quite visible and measurable; and hence, not subject to the specious, spurious cries of racism when calling the nigger out for failed or non-performance. Results count! }
CHICAGOLAND: 5 Dead, 15 Wounded In Weekend Violence...
Teen mobs run wild in downtown...

TORNADOES RIP OK
MILE-WIDE FUNNEL
200 MPH WINDS

5-17-13 IRS HID PROBE UNTIL AFTER ELECTION...
THEY KNEW...
...LAST JUNE
Dems grow nervous...
Agency stalled conservative groups, but gave speedy approval to Obama foundation...
Used 'planted' question to reveal scandal...
'Absolutely Not Illegal'...
'IS THIS STILL AMERICA?'
UPDATE: TV Anchor Barred From FACEBOOK, Interviews After Discussing IRS Harrassment...
Congressman Receives Standing Ovation After He Rips IRS Commissioner...
IRS ASKED GROUP ABOUT 'CONTENT OF THEIR PRAYERS'

Report: IRS denied tax-exempt status to pro-lifers on behalf of Planned Parenthood...
Conservative Hispanic Groups Targeted...
FOX NEWS HOST: I Was Audited After Criticizing Obama...
AUDIT THIS: NFL players tweets photo of him urinating on IRS sign...
Employees at center of scandal: 'We were simply doing what our bosses ordered'...
NOONAN: This Is No Ordinary Scandal...

IN CHARGE DURING 'TEA PARTY' TARGETING, NOW RUNS IRS OBAMACARE OFFICE

More mystery over AP subpoenas process at Justice Department...

IRS henchwoman got $103,390 in bonuses...

Obama Consoles Student After Failing To Answer '2 Minus 1' Correctly: 'Subtraction Is Tougher Than Addition'...
First Lady laments that many blacks have lost 'hunger' to learn... { Well, not quite... there are many new ways to commit some very old crimes…even smash and grab at those ‘local jewelry stores’ has evolved somewhat, etc. }

5-16-13 OBAMA CALLS IN MARINES -- TO SHIELD HIM FROM RAIN... { What a typical, over-vacationed, underperforming, incompetent, lazy-ass, b***s*** nigger wobama is! }
Obama 'Accountable' -- 'Runs IRS, Treasury'...

WITHOLDER: Attorney General 'seems proud of how little he knows'... { Typical niggers! The time has come to call a spade a spade because the reality is that they are spades! Typical spades! }
Liberal talk show host calls for Holder to be fired...
REPORT: Obama Eying Pal Deval Patrick For Slot...
Fires IRS Boss -- Who Was Leaving Anyway...
'Complete confidence' in coverup confidence-man Holder...
CONGRESSMAN CHARGES:
THEY TAPPED HOUSE CLOAK ROOM!

President blames Benghazi on lack of funding... { Riiiiiight … and we have the deficits to prove it …NOT! The time has come to call a spade a spade because the reality is that they are spades! Typical spades! }

EMAILS CONTRADICT WH CLAIMS...
Benghazi Dump: Critical Two-Day Gap...
First Released Email 67 Hours After Attack...
PETRAEUS: 'Frankly, I'd Just As Soon Not Use This'...
'No One Knew Much of Anything'...
Holder Says No to Special Counsel on Scandal...

CHICAGOLAND: Man With 'Cop Killa' Tattoo On Face Arrested For Threatening Cops...

S&P DOWNGRADES BUFFETT'S BERKSHIRE...

STUDY: Physically strong men more likely to have right-wing political views...
'Weaker men more likely to support welfare state, wealth redistribution'...

Sandy-Ravaged NYC Homes Vandalized For Copper, Plumbing Pipes -- After Renovations...

Another Court Rules Administration's Labor Appointments Unconstitutional...

5-15-13 IRS ASKED FOR FACEBOOK POSTS, READING LISTS, PRIVATE THOUGHTS...
CLAIM: OBAMA CAMPAIGN CO-CHAIR ATTACKED ROMNEY WITH LEAKED DOCS...
EXEC AT CENTER OF SCANDAL GOT $42K IN BONUSES...
IRS approved liberal groups while Tea Party in limbo...
'Thin' IG report only skims surface...
GOP Rep: Impeachment Not 'Off The Table'...
Prominent Catholic Prof. Claims IRS Audited Her After Speaking Out Against Obama...
Demanded to Know Who Was Paying Her...

POLITICO: OBAMA LOSES DC...
McCONNELL: 'We've Only Started to Scratch the Surface of This Scandal'...
FRANKLIN GRAHAM: IRS TARGETED US, TOO...
Rev. Billy Graham Endorsed Romney...
IRS requests stalled applications of conservative groups up to 13 months...
'They were asking for a U-Haul truck's worth of information'...
Official speedily approved exemption for Obama's brother's 'charity'...
'Corrective actions have not been fully implemented'...
RANGEL TO OBAMA: Come clean...

FLASHBACK: 'I Bear Responsibility for Everything -- To Some Degree'...

DEMOCRATIC MAYOR OF BROKE DETROIT CALLS IT QUITS...

5-14-13 GOVT TAPS PRESS PHONE RECORDS FOR MONTHS

DOJ tracked 20 phone lines at AP...
Inside AP: Fear, anger, disbelief...
Swept up entire collection of records...
DRUDGE: Assume all your communications are being monitored...

REPORT: HEALTH PREMIUMS TO SOAR 400%...

Washington IRS officials targeted conservatives...

'Son of Watergate?'
40 years later -- to the week...
Top Dem calls for public testimony on Benghazi...
WASHPOST: Obama's claim he called 'act of terrorism' -- Four Pinocchios...
Cover-up 'still ongoing'...
McCONNELL: 'We've Only Started to Scratch the Surface of This Scandal'...
IRS LEAKED INFO ON CONSERVATIVES TO MEDIA
WH: 'People Were Aware' of Conservatives being Targeted, But Didn't Do Anything About It...
REPORT: IRS targeted news anchor after Obama interview...
'After interview, IRS started hammering me'...
55-questions sent to tea party group; Demands for donor lists, names of all volunteers...
BOOK: IRS retaliates against outspoken business leaders...
Tea Party groups threaten to sue...
Kentucky activist to IRS: 'Apology not accepted'...
Probe Expands To Groups Opposed To Gov't, Teaching Constitution...
Scrutiny Deeper Than Thought...
McConnell: 'Just The Beginning'...
RAND PAUL: OBAMA 'DRUNK ON POWER'...
Agency accused of leaking confidential tax documents during election...
Scandal politics sweep Capitol Hill...
FLASHBACK: Senior White House official briefed reporters on Koch brothers taxes...

CHICAGOLAND: Store Robbed at Gunpoint -- Across From Police Station!
Too late to save Detroit?

Prosecutors push to keep Trayvon Martin's past out of trial...
Pot smoking, school suspensions 'irrelevant'...

5-13-13 GOVERMENT TAPS PRESS PHONE RECORDS
20 phone lines monitored...
AP: 'Massive and unprecedented intrusion'...

NEW 'ENEMIES LIST'...
IRS Began Targeting Conservatives in March 2010...
Tea Party groups threaten to sue...
BOOK: IRS retaliates against outspoken business leaders...
Santelli Warns: Keep IRS Out of Obamacare!
Probe Expands To Groups Opposed To Gov't, Teaching Constitution...
Scrutiny Deeper Than Thought...
McConnell: 'Just The Beginning'...
'Kept shifting targets in tax-exempt groups'...
Agency accused of leaking confidential tax documents during election...
FLASHBACK: Romney donor vilified by Obama campaign, then subjected to 2 audits...
Did Plouffe Justify IRS Targeting Conservative Groups?

DID PRESS MAKE HIM CRY?
WILL: Carney's 'Usefulness to This Administration Diminishing Rapidly'...
NEWYORKER: 'Now there is something to it'...
KLEIN: Obama 'on the same page as Richard Nixon'...
Inhofe mulls 'I-word'...
ISSA SEEKS DEPOSITIONS...
Bachmann: Obama released IRS bombshell because of Benghazi...
FOURNIER: A PERFECT STORM...
Brokaw: 'Welcome to the Second Term, Mr. President'...
COULTER FLASHBACK: OBAMA'S SIGNATURE MOVE: UNSEALING PRIVATE RECORDS...
Watch out for Petraeus... ‘…Call it “Oval Office Couch Syndrome.”By their second term “inside the bubble,” presidents have completely lost touch with reality: Aides and confidants conspire to keep the chief executive insulated from the real world — the bad news, the worse press coverage. They think it’s their job, and lounging on the Oval Office couches, they nod along with the president’s every musing. But this presidency has taken OOCS to new heights. Mr. Obama has only a few trusted aides, and occasional leaks from the West Wing show a paranoid president suspicious of nearly everyone around him. Supremely confident, convinced by the fawning minions at his feet that he is untouchable, the president dismisses all controversy as partisan attacks by an overzealous opposition. A pliant press corps of stenographers follows in lockstep…Speaking for the White House, the flack said the CIA was fully to blame for the talking points. Fully. “That is what was generated by the intelligence community, by the CIA,” he said. For the record, this is what the CIA “generated”…’
More 'Whistleblowers Coming'...
Too late to save Detroit?
'Dysfunctional, wasteful'...
27% of Detroit Homes Vacant...

THE CAMPAIGN THAT NEVER ENDS...
President Parties with Justin Timberlake, Jessica Biel at Harvey Weinstein's Home...

5-10-13 Rep. threatens to subpoena Hillary...
FOURNIER: WH throwing 'under the bus?'
Media in full spin...
REPORTER: Democrats Actively Working to Undermine Testimony...
ABCNEWS: Benghazi Talking Points Underwent 12 Revisions, Scrubbed of Terror Reference...
Petraeus Expressed Frustration At Altered Account...
ATTORNEY: Whistleblower demoted, threatened...

IRS ADMITS TARGETING CONSERVATIVE GROUPS; APOLOGIZES
White House blames -- BUSH!
FLASHBACK: Obama jokes about auditing enemies...
McConnell demands investigation...
House vows probe...
IRS SPOKESMAN: 'I'm not good at math'...

Greece's youth unemployment hits 60%...

PITBULLS KILLS JOGGER IN L.A....
Pack still on the loose... ‘…Woman, 63, was running in rural Los Angeles when dogs attacked and mauled her to death, witness and police say…Residents near the site of the attack said dogs were constantly roaming the area and had attacked people before. "It's really scary," Diane Huffman told KABC-TV. "I don't know what to think. I really think I'm going to be getting a gun to protect myself."…’

5-09-13 AFGHANISTAN WHISTLEBLOWER: WHITE HOUSE TRYING TO SILENCE ME...

Boehner, McConnell refuse to appoint members to 'death panel' to Obamacare...
HHS budgets $150m to teach people how to enroll...

PAPER: 100 OF UK'S RICHEST CONCEALING BILLIONS IN OFFSHORE TAX HAVENS...

COPS: Man Killed Instantly After Shooting Down Live Power Line To Steal Copper...
TESTIMONY: Jackson thought God was speaking to him... { Riiiiight … he and dumbya bush, the self-proclaimed “Christian” who launched war crimes, murder and mayhem for diversion from incompetence, fraud, and military industrial complex profits as warned against by the great but underrated President General Eisenhower. }

5-08-13 'WHAT DIFFERENCE DOES IT MAKE?'
White House struggles to respond to new Benghazi revelations...
Shock testimony from witnesses...
Moment-by-moment account of attack...
Emotional recollection of murders...
CONGRESSMAN: 'Death is part of life'...
Fourth whistleblower blocked from testifying...
Diplomat Says Questions Led to Demotion...
Dick Morris: Beginning of end...
REPORT: CBSNEWS BOSSES IRKED BY CORRESPONDENT'S REPORTING; 'DANGEROUSLY CLOSE TO ADVOCACY'...
Hillary in spotlight...
MOTHER: 'I BLAME HER'...

THE DARK SECRETS OF 2207 SEYMOUR AVENUE...
5 BABIES BORN IN BROTHERS GRIM DUNGEON...
10 YEAR SEX HELL...
EXCLUSIVE PICTURES INSIDE CLEVELAND KIDNAP HOUSE...
Chains, Ropes, Locks...
SMOKING GUN: 'Hero' Was Repeat Domestic Abuser...
Horror as bear on bike eats monkey at end of sick circus cycle race...

NYTIMES: OBAMA 'ON VERGE' OF BACKING FBI PLAN TO TAP WEB USERS... { Though I’ve consistently backed resistance to same, I’m also aware that such has been going on for quite some time, regardless (anything on your screen is readable); and, that particularly includes my own web use, none of which is surreptitious nor hidden (ie., proxie servers, etc.) by me. }

5-07-13 Record 10,962,532 now on disability...

Americans 'trust TV judges more than Supreme Court Justices'...

Mother Of Slain Benghazi Victim Rips Hillary Clinton: 'I Blame Her'...
SENATOR: 'The dam is about to break'...
Could bring down administration...

Obamas host secret, star-studded bash at White House...
STUDY: Gun crime has plunged, but Americans think it's up...

THE DARK SECRETS OF 2207 SEYMOUR AVENUE...
5 BABIES BORN IN BROTHERS GRIM DUNGEON...
10 YEAR SEX HELL...
EXCLUSIVE PICTURES INSIDE CLEVELAND KIDNAP HOUSE...

*SANFORD [R] 54%
COLBERT [D] 45%

5-06-13 GORE $200 MILLION CASH IN BANK!
Gets Paid Over $1 Million a Day to Sit on APPLE's Board, $125,000 per hour...

Cuomo Uses Disaster Funds -- to Launch Ad Campaign
Christie's Reelection Campaign Receives 'Unprecedented' Financial Support...

O LOSES ON THE LINKS

5-03-13 Percentage of Self-Employed Americans at Record Low...
9.5 Million People Have Left Workforce Under Obama...

APRIL: 7.5%...
JOBS +165,000...{ Come on! Even if you believe the numbers (I don’t); most are low paying, part-time jobs, many of which were/are created to avoid the obamacare penalty with the real negative impacts a comin’. }
Revising up, up, up...
SC House Approves Bill Criminalizing Enforcement of Healthcare Law...
Gov't Unemployment at Healthy 3.3%...
BUT Numbers Mask Stubborn Problem...

WALL STREET IN WONDERLAND!
Beef prices set new high...

BLAMES MEXICAN VIOLENCE ON U.S. GUNS { Riiiiight … used in the meat, fruit, and vegetable wars, and not the benign, peace inducing, soporific illegal drug trade. Obama Blames U.S. For Crime And Gun Violence In Mexico; No Mention Of Fast And Furious Breitbart | President Barack Obama told the Mexican people today that the United States is partly to blame for Mexico’s drug violence because of illegal drugs and gun smuggling. }

RASMUSSEN: OBAMA LOWEST SINCE AUGUST...
Approve: 45%... Disapprove: 53%...
Krauthammer: (obama)The fall...

NRA Predicts Largest Convention Crowd In Its History...
'Our freedom is under attack'...

EMPIRE: Another NY lawmaker indicted, prosecutors suggest more to come...
Informants Come Forward... RAT TRAP... [“Lately there has been enough corruption charges filed against political officials to form a circus parade, including the plights of state Sen. Malcolm Smith and New York City Councilman Dan Halloran.”]

CHICAGOLAND: Prostitute Pepper-Sprays Boy, 14, Steals His Piggy Bank...

HS track team disqualified after runner gestures thanks to God...

MORNING-AFTER: IT'S OK AT 15...

5-02-13 SHOWDOWN: U.S. Demands Release of American in NKorea...

Student expelled, faces felony charges for leaving unloaded shotgun in car at school after skeet shooting...

ANTI-OBAMA PROTESTS HIT LATIN AMERICA...

Christie to headline Clinton event...

Feds accuse 6-year-old of plagiarism, strip her of 'duck stamp' crown...

Fed Gov't Mulls Banning: Anti-Bacterial Soap?

5-01-13 Foreigners now hold more than $13 trillion in American securities...
Payments in Chinese Yuan Grew by 171% From Year Ago...
Hits Record High vs. Dollar...

PUMP! PUMP! PUMP! { Goes the fed … So DUMP! DUMP! DUMP! }

POLL: Wealthy, not middle class, support Obama...

PENTAGON: Sharing Christian Faith Could Lead to Court Martial...

4-30-13 SICK: 42% UNAWARE OBAMACARE IS LAW

IT'S STARTING: Obamacare Tax Hike Train Wreck...
Support Nosedives...

Case Worker: Illegal Aliens Got Food Stamps by the 'Vanload'...

Home ownership rate at near 18-year low...
'Moribund presidency'...
'Maybe I Should Just Pack Up and Go Home. Golly'...
Channels Clinton's Worst Day in Office...
REPORT: Media ignores Beach Week violence, racial tensions... { Typical niggers! ‘…Reporters with all the local media had trouble describing what happened over the weekend when 40,000 black people descended on Virginia Beach for a party. Their audiences, however, did not. Daniel Johnson was one of dozens of people who had no trouble talking about the lawbreakers and the widespread chaos, danger, thefts, violence and lawlessness they brought to Virginia Beach as part of College Beach Week 2013; a time when black students could “blow off some steam” before final exams. “Because it was a group of young black college people everyone is scared to say anything for fear of being called a racist,” he said in a post to a Virginian-Pilot news story. “It is what it is – these people come to the Beach and do everything in there [sic] power to intimidate the local and visiting White people at the Beach – rude – disrespectful – dirty and violent – They come here and treat our beach like a toilet On Saturday afternoon I went to the Harris Teeter and a LARGE group of young black visitors were in the parking lot drinking and playing loud music – intimidating locals – I called the police and even though 2 cop cars drove by nothing was done!” Police reported 900 emergency calls to 9-1-1 Saturday night involving at least three shootings, three stabbings and three robberies. That they know of. All during a four-hour period. People in Virginia Beach are furious and are taking to Facebook and the local news sites to have their say…’
Gun owner stops home invaders dead Black mob attack on elderly white halted Strategy: Reduce violence by taking away Facebook Media label black-mob violence 'mischievous teens' Violent threats follow Detroit takeover Black mob beats man 'for no reason' 7 injured at party for 13-year-old rapper 'COPS' slammed for truth in portraying blacks as criminals }

CHICAGOLAND: Another murder near Obama's home...
Detroit Takes Top 3 Spots For Most Dangerous Neighborhoods...

Philly Cop Stabbed, Robbed Of iPod During Violent Attack...

4-29-13 GAO Now Investigating 'Homeland' Ammo Purchases...

After Criticism, New 3-Page Obamacare Form...

PEW: 1/3 Mexican Adults Would Migrate to USA...
Gov't to Fine Companies for Not Complying With Wiretap Orders...

Rand Paul Warns of '1984' Surveillance Scenario...

Former London mayor blames USA...

WAR DRUMS: SYRIA...
Missiles fired at Russian passenger jet...
Syrian PM survives Damascus bombing, 6 die...

4-26-13 Economy Grew 2.5% in First Quarter...
Debt-to-GDP: 105%...

SHOCK VIDEO: 10-Year-Old Pulls Gun On Woman On Philly Street... { Yup … niggers startin’ early … but, he didn’t pass a background check … riiiiight! … little booty in addition to the family’s welfare, food stamps, obamaphones, and more than likely, jailhouse room and board for the folks, etc.. And, more nigger-city-philly fun when they’re not plundering, maiming, robbing, killing humans, to pass their time between and during rap sets … Kitten Set On Fire }
Girl, 13, Arrested For Trying To Rob Woman In Central Park... { Yeah … good guess … they’re young female niggers along with an 11 year old nigger boy! }

Chicago: A Shooting Every 6 Hours... { Eh … what the heck … they’re just spirited spooks, fun-lovin’ niggers out for some goodtimes in a heartland city of america … }
Heroin Epidemic Spreading Throughout Suburbs...

4-25-13 'HOMELAND' USING 1,000 MORE ROUNDS PER PERSON -- THAN ARMY?
Denies Ammunition Purchases Aimed at Civilians...
NOONAN: Obama fatigue becomes apparent...
W Gets Emotional, Cries...
ROBINSON: Bush record looks worse and worse... { I’ve seldom agreed with anything ‘one note robinson’ has had to say; but, I absolutely agree with this, except that it should read, ‘bush/obama record looks worse and worse’ to be credible. “Looking Forward, Not Backward” Is Not Only Stupid … It’s Also Illegal Washington’s Blog | Obama’s Failure to Prosecute Wall Street Fraud Or Torture Harms Our Country … And Violates the Law. }

Record 1 out of 5 Households on Food Stamps...

Individual policies to cost 25-50% more next year...
McConnell: Entire Country Should Be Exempt From Obamacare...

SUCK UPS: NY TIMES REPORTER VOWS TO SAVAGE DC INSIDERS WITH BOOK...

UPDATE: Falsely Identified 'Boston Bomber' Found Dead In River...

4-24-13 AP: Obama has stuck with many Bush policies, from counterterrorism to immigration to Gitmo... { Indeed, that is absolutely true; and, that is so despite wobama’s b***s***/campaign promises to the contrary; and, they are both unequivocally failed presidents and a major reason for america’s unequivocal decline! Dumb and dumber! Do not try to re-write theirs among others’ histories of failure with ‘feel good’ propaganda/falsity! }

REPORT: $3 MILLION RETIREMENT CAP IN OBAMA'S BUDGET WOULD NOT APPLY TO HIM... { That’s also part of the problem with these dumb and dumber precursors of decline and fall of the nation … their incompetence, venality, and failure doesn’t hurt them a bit! }
Lawmakers, aides may get Obamacare exemption...

Obama Administration Paying People To 'Recruit' Folks Onto Food Stamps...
Fraud More Than Doubles In 3 Years...

REPORT: IRS issued billions in improper tax refunds... { How ‘bout this one: … Federal government reviewing prison phone charges AP … Why not just give them tax-payer funded obamaphones … riiiiight! … sounds like a plan the black caucus behind the requested review would say … }

4-23-13 House GOP concludes Hillary Clinton blew Benghazi response...
Report...

REPORT: AP TWITTER ACCOUNT HACKED...
Says president injured in White House explosion...
Markets Reel, Recover...

Black Detroit Bar Owner Threatens To Use Deadly Force Against White Teen Graffiti Artists... { America The Fallen: 24 Signs That Our Once Proud Cities Are Turning Into Poverty-Stricken Hellholes http://theeconomiccollapseblog.com http://albertpeia.com/americanhellholes.htm }

REPORT: Judge drops three murder charges against Philly abortionist...
Obama to headline fundraiser for largest US abortion provider...

4-22-13 OBAMACARE: More seniors getting scammed...

Hospital bedbug infestations double...

STATS: Americans 'snapping' by the millions... { That’s difficult to imagine/fathom inasmuch as from my direct experience, americans are already predominantly and inherently criminals and mentally ill … in other words, already snapped! }
Record fear, stress, suicide... { America: #1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc. http://theeconomiccollapseblog.com http://albertpeia.com/usno1.htm }
Kids so addicted to iPads they need therapy...

Red Sox slugger: 'This is our f***ing city!'
FCC Blesses F-Bomb: He 'Spoke From the Heart'... { More excuses … if that was from the heart ( of a nigger ) that would have been an mf-bomb as in mother****ing city! }

Bomb Threats, USA...
Alabama: 3 Hospitals...
Connecticut: Courthouse...
Pennsylvania: Shopping Village...
Iowa: Neighborhood...
Florida: Office Building...
Buchanan: Did brothers Tsarnaev fail?

Goldberg: Welcome To 'The Era Of The Suspicious Package'...

Bomb Squad Called In Over Backpack During Central Park Race...
CHICAGOLAND: City police have arrested woman 396 times! { ‘…Rolon recognized Shermain Miles because he’s seen her more times than he can count — drunk, half-naked, cursing and, on one occasion, lunging at another woman with a dinner fork. Since 1978, Chicago Police alone have arrested Miles 396 times, mostly on the North Side — under at least 83 different aliases. Those arrests include 92 for theft, 65 for disorderly conduct, 59 for prostitution-related crimes and five for robbery or attempted robbery. The frustrating truth: The system — strapped by overcrowded prisons and cuts to mental health funding — hasn’t been able to save Miles from herself or to help the communities she menaces. Nothing has worked. Not jail. Not prison. Not countless psychological exams for the woman described as being “acutely psychotic.”’ }
Farrakhan son is part-time cop, but hasn't worked shift in 4 years...
UN-DONE: Starving NKorea begs for food from Mongolia...

4-19-13 Fitch Downgrades United Kingdom's AAA Rating...

PAPER: Obama lulled America into false confidence over terror threat... { Don’t forget wobama’s tacit endorsement by silence over threats of domestic terrorist violence, riots, mayhem by his domestic terrorist supporters if he should lose the election! Mainstream media surely was complicit in this wall of silence surrounding these pervasive and unprecedented (in this nation) election threats of violence and intimidation! }

BROTHER BOMBERS: 1 DEAD; 1 CAPTURED...

Bragged of Bombing...

BOSTON A GHOST TOWN...

SHOOTOUT VIDEO...
Photos/timeline...

Bomb suspect ALIVE AND IN CUSTODY...
Sustained significant blood loss...
DISCOVERED: House owner went to check on his boat...

Bomb suspect pinned down in Watertown...
'Body' found in boat...
SHOTS FIRED...
15-20 Seconds Of Gunfire...

4-18-13 TEXAS INFERNO; DOZENS FEARED DEAD

Boston Bombings Bring Americans Closer to Living on Edge...
Videos Said to Show 2 Suspects...

Texas Rocked By Fertilizer Plant Explosion...
PAPER: '50-50' chance cause could be criminal...
Blast Rocks Five-block Radius...
'It was like the whole earth shook'...
VIDEO...
POLICE: UNCLEAR HOW MANY TRAPPED...
Looters Raiding Homes...

SHOCK: Elderly Food Cart Vendor Stabbed To Death On Philly Street...

Thieves Stealing Aluminum Cans From Residents' Recycling Bins...
Sinkhole swallows 3 cars in Chicago...

PAPER: 'Truly lame-duck president'...

OBAMACARE: Individual plans to cost 80% more starting 2014...

BIG SIS: DRUDGE REPORT is not credible... { Riiiiight … anything she doesn’t say ‘cause if she, ‘the devil in the infamous blue dress’, says it, it MUST NOT BE TRUE! }

4-17-13 CHAOS IN BOSTON
Looters hit marathon route after bomb blasts...

Federal courthouse, hospital evacuated...
Bomb threat...
'Code Red'...
REPORT: SUSPECT IDENTIFIED...
Two suspects singled out in video footage...
'One In Particular Most Interested In'...
Suspect caught on LORD & TAYLOR security cam...
'Man In Black Jacket On Cell Phone, Wearing Gray Hoodie, White Backwards Cap'...
CNN backs off arrest report...
FBI scolds network...

DC JITTERS...
SECRET SERVICE: RICIN-LACED LETTER SENT TO OBAMA... DEVELOPING...
Postmarked Memphis...
'Suspicious Package' in Senate Office Building...
Evacuation...
Sent to Sen. Roger Wicker; No reason given...
Senator: Police have suspect...
All Mail Delivery to Capitol Stopped as Precaution; Offices on High Alert...

Immigration bill contains free cell phones...

Background checks fail...
Wary Democrats won't commit...
AP: Headed for defeat...
SENATE KILLS GUN DEAL...
Bloomberg RAGES...
Feinstein Fumes...
Biden Wipes Away Tears...
Cuomo Complains...
Obama: 'Just Round One'...
McConnell bugger visited White House...
Reid Mocks: 'Imagined Tyranny'...
Reid to pivot from guns to Internet sales tax...
REPORT: FBI investigated Reid in 2008; Papers made public now secreted, sealed...
GALLUP: Only 4% of Americans Think Gun Control Important Problem...

REPORT: Wife of ex-judge confesses to Texas DA murders... { Well, now we know this was not a ‘vast right-wing conspiracy’ hatched by ‘gun totin’ white supremacists’ as ranted by the left and blacks! So much for their ‘armed white militia’ theories (which fit in so seamlessly with their anti-2nd amendment/anti-gun rants)! }

Congressman: Immigration Bill 'Worse Than We Thought'...
Legalizes Relatives and Previously Deported...
844 Page Bill Would Take 3 Days to Read NONSTOP Before Friday Morning Hearing...

4-16-13 EXPLOSIVES MADE OF PRESSURE COOKERS...
REPORT: Bombs Made to Look Like 'Discarded Property'...
2nd Victim ID'd: Spectator Went To Finish Line To Take Photo...
BIG SIS: No 'broader plot'...
$50,000 Reward Posted...
Roommate speaks out about Saudi national being questioned by FBI...
HUNT FOR BOSTON BOMBERS...
Explosives packed with ball bearings; 3 dead, 170+ wounded; 17 in critical...
'25, 30 people have at least one leg missing'...
Martin Richard, 8, among dead...
Witnesses recount war zone at marathon... ***WARNING: GRAPHIC CONTENT***

Envelope tests positive for ricin at Washington mail facility...
Sent to Sen. Roger Wicker...
No reason given...
All Mail Delivery to Capitol Stopped as Precaution...

4-15-13 DOUBLE BLAST AT BOSTON MARATHON

Two explosions near finish line... DEVELOPING...
REPORT: Suspect apprehended...
COPS: 2 dead, 23 injured...
'People Missing Limbs'...
BLAST VIDEO...
AFTERMATH FOOTAGE... **WARNING: Graphic**
Other unexploded devices possibly found...
REPORT: Fire at JFK library...
LIVE STREAM...

DOW skids 265...

GOLD PLUNGE...
Investors Bail Amid Collapse...
'PANIC EVERYWHERE'...
Worst two-day loss since 1983...
LIVE...

FOREIGN HOLDINGS OF US DEBT TO $5.7 TRILLION...

4-12-13 Sebelius Scapegoats GOP For Coming Obamacare Mess...

Obama Proposes More Taxes -- But Tax Code Is Already 13 Miles Long!

OBAMA ONLY PAYS TAX RATE OF 18%?

CT senator uses shooting 'to raise campaign cash'...

Congress quietly votes to hide financial disclosures...
Terry McAuliffe Under Fire for Inflated Jobs Claim...

WSJ: 'Business credential fast turning into crony-capitalist embarrassment'...

POLL: 65% of women favor stricter gun laws; only 44% of men do...

NUCLEAR WAR 'UNAVOIDABLE' { Who Gave North Korea Nukes In The First Place? Paul Joseph Watson | The U.S. government and the CIA. http://albertpeia.com/usgavenokoreanukes.htm }

BOW OR BREAK: KERRY ON SCENE...
CONGRESSMAN: THEY HAVE NUKES...
Kerry contradicts intel report...
Pentagon Deploys Sea Radar...
INSIDE NKOREA: SHOCK PHOTOS...
China conducts military drills...
Partytime in Pyongyang...
FIRST TARGET: JAPAN...
PSY's new single steals attention...

4-11-13 NKOREA: 'Powerful striking means' on standby...
WATCHCON 2: Missile spotted in strike position...
US intelligence reveals launch zone...

$50,074: Gov't Spending Per Household EXCEEDS Median Income...
FEDS TO COLLECT RECORD TAXES IN 2013...

Greek Unemployment Soars to Record 27.2%...

Jay-Z brags about communist cuba (a haven for murderous black panthers, ie., joanne chesimard who killed an american Highway Patrol Officer) trip in rap...
'OBAMA SAID CHILL, GONNA GET ME IMPEACHED'...
'I got White House clearance... Politicians never did @#%& for me'...

SEQUESTER SOUL (nigger party animal) SHOW LIVE FROM WHITE HOUSE

Teenager in canada commits suicide after canuck gang-rape photo goes viral...

Beaver bites man to death...

Severed goat's head dropped off at Wrigley Field...
Capone Descendants Sign on For Reality Show... { Sure… Why not? trump has that joke of an (un)reality show! }

4-10-13 SEQUESTER SOUL SHOW LIVE FROM WHITE HOUSE

Safe from Sequester: NATO Ambassador's Home Alotted $700K -- for Gardening!

Chinese colonel says bird flu is US biowarfare...

32 GUN PURCHASES EVERY MINUTE UNDER OBAMA

Underground City of Homeless People Discovered In Kansas City...

Flash Mob Of 200+ Teens Storms Philly Street During Rush Hour...

Clarence Thomas Speaks: Many black communities in decline...

4-09-13 US, Japan Now Global Allies in Money Printing...
OBAMACARE ARCHITECT: Law 'beyond comprehension;' After bad start, 'will only get worse'...

Another Exclusive Party at WH -- at Taxpayer Expense...
Will White House release guest list?
10th 'command performance'...

REPORT: US held secret meeting with NKorea in March... { Worked like a charm! Riiiiight! }

WHO BUGGED GOP?
'Nixonian tactics' decried...
FBI asked to investigate...

4-08-13 More Than Dozen States Push For Gold as Legal Tender...
Bernanke Backlash...

2014: DEMS BEGIN TO FREAK OVER OBAMACARE CHAOS...
Doctors being driven to bankruptcy...
Mitch McConnell joins Senate gun filibuster...
POLL: Obama underwater on guns, immigration, deficit...

China looking at direct yuan trade with Aussie dollar...

REVEALED: Obama doesn't control his TWITTER account...
FLASHBACK: 70% of Follwers 'Fake'...

Firearms Co Moving To TX After Perry Invite...

Business Owner Burglarized 15 Times Camps Out In Store With Gun, Catches Crook...

4-05-13 90 MILLION OUT OF LABOR FORCE

MARCH JOBS: Payrolls grew by 88,000 workers...
663,000 Drop Out...
ANALYSTS: Tax hikes to blame, not sequester...
DOW DROPS 100 PTS IN 60 SECONDS...
WH: 'US economy continuing to recover'...
Gov't Unemployment Rate Drops to 3.6%...
As economy flails, debtors' prisons thrive...

Obama budget to target retirement accounts...
RAISE TAXES AGAIN!

REPORT: City recruits minority lifeguards -- even if they can't swim! { Wow! Talk about politically correct insanity! Having myself taken the course and received the Red Cross Lifeguard/Lifesaving Certification (college days summer part-time job/shore-baywatch) I can honestly say that the written/in-water test was no joke, neither simple nor a ‘piece of cake’ for obvious rationally based reasons! }

PAPER: Fears NKorea could trigger nuclear strike next WEDNESDAY...
Loads missiles onto launchers...
ALL embassies told to evacuate staff from Pyongyang...

GLOBAL COOLING: WASHINGTON LOWERS RHETORIC...
China 'losing patience'...

Wealthy Neighborhoods Hire Private Cops as Cities Lay Off Police...
Houston Town Hires Security...
Chicago Proposal Would Allow Sponsorship of Law Enforcement...
Private Security Patrols on Rise in Oakland...
EMPIRE: BLOOMBERG FINGERS CUOMO

4-04-13 Record 8,853,614 Americans on Disability...

Grandmother Of 10 Holds Burglar At Gunpoint At Her Home...{ Now, what do you suppose would have happened if she was not armed? }

$423,500 Stimulus Program on 'Correct Condom Use' Yields Zero Jobs...

DTW airport pulls newspaper after headline: 'Detroit, the Most Miserable (Nigger) City in America'...

PYONGYANG PREPS MISSILES...
Japan, U.S. bases in range...
U.S. Warns of 'Regime Change'...
'Suicidal'...
Warplanes moved to Philippines...
American Troops Poised at Border...
'Chemical battalion' deployed to South...
Kim Jung-Un claims 'smaller, lighter' nukes...
China snubs requests...
SKorea president hoping for best, preparing for worst...

4-03-13 NKOREA APPROVES 'MERCILESS' NUKE ATTACK ON USA

MISSILE DEFENSE TO GUAM...
Russia worried by 'explosive' situation...
China military buildup on border continues...
U.S. Troops Stand 'Poised to Respond' at Border...
'Could make preemptive strike'...
Kim Jung-Un Losing Control?

Obamacare in Trouble? Exchange provision delayed until 2015...
JOE KLEIN: Early incompetence 'really bad sign'...
Cancer Clinics Turning Away Thousands of Medicare Patients...

POLL: One in four Americans think Obama may be the antichrist...

POVERTY SPIKES TO 1960S LEVELS...
Nearly 50 Million Americans Below the Line...
Child Hunger Rates 'Alarmingly High'...
REPORT: $700 million in Katrina relief money went missing...
VIDEO: Man Beats, Robs Woman In B'klyn Subway...
REPORT: NY Dem Sen caught on FBI wiretaps bribing GOP bosses...
DUMBFELLAS...
Bloomberg Blames 'Partisan Elections'...
Thieves steal six miles of copper wire!

Britain's Debt-to-GDP Reaches 90%...

4-02-13 EMPIRE: New York government 'most corrupt in USA'...
Plot to Buy Spot on Mayoral Ballot...
Senator, Councilman Arrested...

REPORT: FBI busts top NY Dem in 'bribery plot' to rig mayor race, run as Republican...
Woman waiting at NYC bus stop dragged to cemetery, raped at knifepoint...

GA town passes law requiring residents to own guns... { Well, there’s a town most criminals will avoid, having lost their armed advantage! }
'Armed Citizen Project' may expand to Dallas...
UN GOES FOR GUNS
Millions Face Surprise Tax Bills Under 'Obamacare'...
{ THE END OF BARACK OBAMA? SCANDAL/ECONOMIC DISASTER BREWING! Porter Stansberry http://albertpeia.com/usobamadisaster.htm }

Obama Asks Congress For $100M To Map Brain...
Calls Himself 'Scientist-in-Chief'...
Approval under water...

4-01-13 First major U.S. city goes under...
Stockton, CA, to enter bankruptcy...
California's net worth at negative $127.2 billion...
Chinese Yuan Hits Record High vs. Dollar...
Reagan Budget Guru Declares: We've Been Lied To, Robbed and Misled...
China-Australia to Ditch US Dollar...
Obama, Pelosi issue Easter Sunday fundraising appeals...
Wasserman Schultz: We're Broke!

CURL: Obamas living the 1% life...

DC TV station tweets Obama greeted at NCAA game with 'cheers and boos'...
OBAMA ACCUSED OF TRYING TO 'NATIONALIZE' ELECTIONS...
STUDY: New Yorkers Enjoy Less Freedom Than Residents Of Any Other State...
UPDATE: Hundreds of teens rampage in downtown Chicago...
WAR DRUMS: US MOVES GUIDED-MISSILE DESTROYER ON NKOREA
Kim Jong-un targets American soldiers in latest video...
WAR DRUMS: U.S. Moves Stealth Jets to SKorea...
NKorea vows to strengthen nukes...
[ RT: 'Challenging the dollar': Bitcoin total value tops $1 billion
Kuwaiti activists to rally for Gitmo prisoners, hunger strikers 'prepare for death'

Land grab: Israel gave less than 1% of seized West Bank to Palestinians

North Korea: The stakes behind the rhetoric ]

CHICAGOLAND: Cops Swarm 'Wilding' Scene As Hundreds Of Youths Run Amok on Magnificent Mile...
Women attacked on train...
VIDEO...

PRESIDENT'S GRAND PLAN: SPEND MORE!
SEQUESTER JESTERS: DEMS WARN OF AIRPLANE TERRORISTS, PRISON RIOTS, COCAINE FLOODING STREETS...
SPRING BREAK: Biden heads to golf resort for third vacation of year...
WH SCRUBS SKI VACATION REPORT...
Obama daughters leave behind Bahaman beaches, hit Sun Valley slopes...
SECOND SKI TRIP THIS YEAR! [ ‘In March of last year, the White House requested media outlets remove accurate reports that Malia Obama was on a trip in Mexico with over two dozen Secret Service agents.The First Family has been criticized in recent days for taking frequent vacations. Earlier this week, Breitbart News broke the story that the Obama daughters spent part of Spring Break at the Atlantis resort on Paradise Island in the Bahamas.  Michelle Obama and the First Daughters took a separate ski trip last month to Aspen, Colorado.  While each of these trips require a significant Secret Service presence, the White House canceled public tours this month citing Secret Service staffing costs…’ ]
'Jew in the box' exhibition in Berlin museum...
Big depositors in Cyprus to lose far more than feared...
Roland Martin Criticizes 'White Male' CNN Executives...
Sports Website Mocks 'Exceedingly White' People Celebrating Win... { It is hard to see why inasmuch as chicago’s become the quintessential niggertown with murder/crime rates to match! }

3-28-13 NKorea Rockets 'Ready To Hit US Bases'...
HAGEL: Have To Take Threat Seriously... { Indeed you do! Threat to U.S. mainland means California … and, I’m in California which makes that a threat against me! Time to call them, call them out, up the ante … Let’s dance! After all, the multitude of nations, particularly in that region, would love nothing more than to see the creation of the 8th wonder of the world; viz., the largest crater lake and parking lot (formerly the failed communist nation of north korea) in the history of this planet. Moreover, their problem of feeding their people who are consistently on the brink of starvation owing to their insane inordinate spending on ‘guns vs. butter’ will be forever solved. Come on you porcine pieces of s*** (don’t they look like pigs right out of Orwell’s ‘Animal Farm’, particularly the leaders ill kims un, deux, twats, et als)… Let’s ‘rock-and-roll’! } [ NKorea cuts all channels with South as 'war may break out any time'... 'Photoshopped' marine landings photograph... WSJ: Running out of threats... { NKOREA PUTS FORCES ON TOP ALERT... Prepares for 'strikes against the US mainland'... { Yeah … right! In some circles such would euphemistically be called an existential, suicidal event for north korea. But, there’s something about those north Koreans from an evolutionary perspective. They’ve got to be the ugliest Asians on the planet. I’m quite serious. They truly are ugly people, particularly the leadership. One must wonder if ugliness is what it takes to lead in communist north korea; a trait passed on generationally. I mean, really. Their economy invariably a disaster, barely able to feed their people, it must be nutritional deficiency wreaking havoc with their minds and bodies. }

WAR DRUMS: Pentagon sends B-2 bombers to SKorea...
North 'burning with hatred' for USA... { Coming from the belligerent, uncivilized, failed communist state of nokeorea, such can only be deemed a positive and complimentary. }

MAG: Secret Republican Plan to Repeal 'Obamacare'... { Sounds like a good idea! ADMITS: Yes, ObamaCare is raising insurance costs... Will soar 62% in CA, 80% in OH, WI! }
Cyprus banks reopen, with strict restrictions...
PHOTO: TRUCKS CARRY CASH...
'THEY HAVE STOLEN OUR MONEY'...
FABER: Not Even Gold Will Save You From What is Coming...
World's oldest bank reports loss...

Chicago ranks LAST in prosecuted federal gun crimes...

Republican arrested for stealing '22 cents worth of peanuts'...

Thousands of armed vigilantes takeover Mexican town, arrest police, shoot at tourists...

3-27-13 Newark Considers Curfews, Armed Guards For All Businesses...
'White Union' Claims Black-On-White Crime Problem... { http://albertpeia.com/blackonwhitecrime.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm

http://albertpeia.com/blackonbrowncrime.htm

http://albertpeia.com/blackonyellowcrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm }

CDC: 110,197,000 VENEREAL INFECTIONS IN USA

ADMITS: Yes, ObamaCare is raising insurance costs...
Will soar 62% in CA, 80% in OH, WI!

Watch Out, World Bank. Here Comes the BRIC Bank!
China and Brazil Ditch US Dollar...
Iraqi oil: Once seen as U.S. boon, now it's mostly China's...
PAPER: New global visions are welcomed...

Cyprus Banks Opening: Guards Prepare for Battle...
€300 daily withdrawal limit...
No money allowed to leave country...
Russia to ban cash transactions over $10,000...
FABER: Not Even Gold Will Save You From What is Coming...
Bomb Blast Near World-Famous Acropolis...

WAR ON JAY LENO: Soho House summit, secret e-mails... MORE...
WAR ON LAUER: Entreaty to Anderson Cooper Suggests Shake-Up at 'TODAY'...
'COMCAST wants all the old people out'...

Immigrant Hops Border Fence as McCain, Schumer watch...
NKorea cuts all channels with South as 'war may break out any time'...
'Photoshopped' marine landings photograph...
WSJ: Running out of threats... { NKOREA PUTS FORCES ON TOP ALERT... Prepares for 'strikes against the US mainland'... { Yeah … right! In some circles such would euphemistically be called an existential, suicidal event for north korea. But, there’s something about those north Koreans from an evolutionary perspective. They’ve got to be the ugliest Asians on the planet. I’m quite serious. They truly are ugly people, particularly the leadership. One must wonder if ugliness is what it takes to lead in communist north korea; a trait passed on generationally. I mean, really. Their economy invariably a disaster, barely able to feed their people, it must be nutritional deficiency playing havock with their minds and bodies. }

3-26-13 A VACATION A MONTH...
FAMILY SPRING BREAK TAKES PRECEDENCE OVER WHITE HOUSE TOURS...

In Russia, teen complains of adoptive US parents...

UPDATE: University files charges against student who refused to stomp on Jesus...
NKOREA PUTS FORCES ON TOP ALERT...

Prepares for 'strikes against the US mainland'... { Yeah … right! In some circles such would euphemistically be called an existential, suicidal event for north korea. But, there’s something about those north Koreans from an evolutionary perspective. They’ve got to be the ugliest Asians on the planet. I’m quite serious. They truly are ugly people, particularly the leadership. One must wonder if ugliness is what it takes to lead in communist north korea; a trait passed on generationally. I mean, really. Their economy invariably a disaster, barely able to feed their people, it must be nutritional deficiency playing havock with their minds and bodies. }

3-25-13 PEW: Court Approval Reaches All-Time Low...

TWO GAY RIGHTS CASES HIT SUPREMES...
WIRE: CONSERVATIVES GIVE SAME-SEX MARRIAGE MOMENTUM...
FLASHBACK: QUESTIONS ABOUT JUSTICE KAGAN'S SEXUALITY...
Chief's Lesbian Cousin Will Attend Hearing...
Cases could end with a whimper...

10,000 DRONES IN SKY BY 2020
{ Mayor Bloomberg On Drones: "Oh It's Big Brother, Get Used to It!” ... - Zero Hedge }
FLASHBACK: Mayor's guards get special permission to carry guns in Bermuda...
Gov't spends more on disability than food stamps, welfare combined...
14 million collect checks every month...
Biden's $321,665 Limo Bill...
SPRING BREAK: Sasha, Malia Obama vacation at Bahamas' 'Atlantis' Resort...CYPRUS TO SEIZE CITIZENS' CASH...
40% grab on accounts above €100,000...
Russians stand to lose billions...
WARNING: OTHER countries will be raided...
Clash with Germany...
Regulation wipes out profits for UK banks...
PAIN IN SPAIN...
CA county administrator to earn $423,664 a year -- for the rest of her life!
CA town on edge after rash of 'door knock' burglaries...

Jim Carrey releases song for 'heartless motherf***ers unwilling to bend for safety of our kids'... { What do jim carrey and chris dorner have in common besides the obvious fact they’re nutcases and severely mentally ill? … They were both for gun control! }

IHOP HORROR IN NEWARK NEW JERSEY: Manager Shot Dead, 2 Hurt After Fight Breaks Out...

ISRAEL FIRES INTO SYRIA...
Locusts swarm in on Passover eve...
'Mossad spy' spilled secrets to Hezbollah...
Syria chemical weapons: Finger pointed at jihadists...
House Intel Chair: 'Red Line Has Been Crossed'...
Iraq WON'T halt Iran arms flow...
Did Obama Give Israel Go-Ahead?

TAKE HAIRCUT OR GET OUT!

Bloomberg kicks off $12 million gun-control ad campaign...
FLASHBACK: Mayor's guards get special permission to carry guns in Bermuda...

Biden forced to give up expensive weekly flights home to Delaware under sequestration...

3-22-13 NEW WORLD ORDER
With US-Russia relationship toxic, Moscow looks to strengthen ties with China...
China 'to overtake America by 2016'...

OBAMACARE: 6 in 10 physicians will retire earlier than planned...
Official: 'Let's just make sure it's not a third-world experience'...
Insurers Warn on Premiums...

Biden's One-Night Paris Hotel Tab: $585,000.50...
$459,388.65 Hotel Bill in London...

'Homeland' Denies Massive Ammunition Purchase...
Won't Answer Congress...
Cover-up?

USATODAY: America less popular in Middle East now than under Bush administration... { That’s because they hadn’t fully realized the extent of bush’s damage to the region; and, that also applies to america as well, with failed presidents bush/wobama the 1-2 knockout punch! }

'Most Palestinians hate Obama'...
No love in Jordan, either...

UK FACES GAS RATIONING IN RECORD COLD SNAP...

3-21-13 TIME RUNNING OUT...
Euro zone notes reveal extent of alarm over Cyprus...
Frantic effort to prevent run on banks...
Meltdown looms...

'HOMELAND' TO SCAN EMAILS, MONITOR WEB TRAFFIC

Big Sis Refuses To Answer Congress On Bullet Purchases...
State offers cash reward for reporting illegal gun owners...

LENO: NBC 'EXTINCT'... { No joke! nbc is a horribly, failed network! Always for sale! }
Cuomo state budget includes 'Jimmy Fallon' tax credit to lure 'TONIGHT SHOW' back to NYC...
'MUST BE FILMED BEFORE A STUDIO AUDIENCE'...
'Temporary' Tax On Wealthiest To Continue Indefinitely...

NEXT STOP: JORDAN...
Obama urges Israelis to compromise for peace...
'Most Palestinians hate Obama'...

Sarkozy Charged In Corruption Probe...

3-20-13 Obama battles to woo public...
Berates Journalist After Being Asked About Middle East Failures...
'Really hard problem'...
GLOBAL COOLING: Bethlehem rioters set fire to pictures of US prez...
WH map 'erases' Jerusalem...
House Leadership New Jersey Dem Probed over Trips to Scotland, LA...

Sequester Jester: Depart of Ed creates new six-figure job...

Bill would require federal workers be fired for failure to pay taxes...
SENATOR: No pay for WH budget writers until Obama delivers one...
CYPRUS VOTE THREATENS NEW EURO TURMOIL...
BANKS MAY NOT REOPEN...
Seeks Russian bailout aid, EU threatens cutoff...

French police raid IMF chief LaGarde's Paris home...

Afghan spokesman labels NATO war 'aimless and unwise'...

3-19-13 FEINSTEIN FOILED ON GUN GRAB

Congressman Asks Big Sis to Explain Huge Ammo Purchases...

Chicago Cop 'Overwhelmed' By City Violence Takes Own Life...

GLITCH: CHASE Customers See Bank Balance Reduced to Zero...
Carney Won't Say Whether Obama Will Cut Back on Lavish Vacations, Golf Trips...
Hacker Begins Distributing Confidential Memos Sent To Hillary Clinton On Libya, Benghazi Attack...

SHOCKING DETAILS EMERGE FROM PHILLY ABORTION TRIAL...
SNAPPED NECKS OF 'TEN FETUSES'...

Clockwork Orange: France a 'savage' nation, book claims...
Revolt against City of London's medieval elders...

3-18-13 Cyprus set to seize personal savings...
Plan moves ahead as vote delayed...
BANKS SHUT DOWN UNTIL THURSDAY...
Putin: 'Unfair, Dangerous'...
FT: Here come bank runs...
Germany: Not our idea...
Will Italy follow?
Europe's leaders run out of credit...

HOLLANDE APPROVAL FALLS TO 31%...

HOLDER INVESTIGATES WALL STREET (Could it be?) JOURNAL (Riiiight …. The paper as in journal, like those worthless pieces of paper at best, fraudulently floating and being commissioned at lightning computerized speed on wall street- What a total joke holder et als/doj are! )...

Obama's White House 'open to the rich and closed to the poor'...

GALLUP: OBAMA 47%...

Feds ALREADY Spend $30.5 Billion More in First 5 Months Than Previous Year...

Bozell Blasts GOP Leaders: 'You Are Not What You Promised To Be'...
Coulter blasts Rubio, 'endless Bushes' on immigration...

DEUTSCHE BANK: 'Only Jesus can save Eurozone'...

3-15-13 WAR DRUMS: US DEPLOYS MISSILES

NKorea fires missiles into Sea of Japan...
Slams 'reptile media'...

President Mocks House Dem -- But Ends Up Looking Like Jerk...

OBAMA SAYS IRAN 'ONE YEAR' AWAY FROM NUKE... { Wow! By previous israeli et als handwringing estimates, Iran got nukes several months ago. Yet, israel already has illegal nukes in abundance! }

FBI snooping tactic ruled unconstitutional...

3-14-13 BANKRUPTCY LAWYER TAKES OVER IN DETROIT...

COULTER: Trouble in the new york nanny state...

Middle East in turmoil 10 years after Iraq invasion...

U.S. General Puts Troops in Afghanistan on Security Alert...
UK admits 'unwinnable war'...
Australian soldiers caught playing golf and sunbathing in enemy areas...

3-13-13 FROM BUENOS AIRES WITH LOVE

First Pontiff From the Americas...

POLL: Global image of America plummets...

CHICAGOLAND: Man killed over way he wore his hat...

Dem Budget Increases Spending 62% Over Next Decade...

China's Drone Swarms Rise to Challenge U.S. Power...

EU MESS: Grillo warns Italy will be 'dropped like hot potato'...

3-12-13 'OBAMACARE' PRICE SHOCK FOR PETS

AP: Applying for Obamacare 'as daunting as doing taxes'...

DETROIT'S FINANCIAL CRISIS DEEPENS...

Senate Dems offer $1 trillion in new taxes...
WH plan will not balance budget...

SEN. CRUZ TO RALLY CONSERVATIVES ON CPAC EVE...
Obama Won't Balance Budget 'Just for the Sake of It'...
CONCLAVE CONVENES...
A chapel vote, then a papal vote...
Cardinals swear oath of secrecy...
The 20 contenders...
Anti-mafia cops raid diocese...

3-11-13 PEW: Fewer Americans Than Ever Trust Govt...

JUDGE SLAPS DOWN SODA BAN

ESCAPE FROM NEW YORK: Paulson eyes Puerto Rico tax haven move...
Billionaire looks to shield wealth...

GE STASHES $108 BILLION OVERSEAS...
White House Staffers Raking In Big Paychecks Despite Sequester...

SHOCK POLL: More Prefer Congressional Republicans Over Obama On budget...
House Dems Move Away from Obama...
Ask for details on drone policy...

FACEBOOK reveals secrets you haven't shared...

Suburbs secede from Atlanta...
'Detroit of the South?'... { The u.s. cities, including washington d.c., are just a bunch of nigger-towns (with all that that negatively entails)! }

So-Cal quake could be foreshock for something larger...
Los Angeles Shakes...
LIVE MAP...
Officials Urge Residents To Prep For '2 Weeks On Your Own'...

Germany's anti-euro party is nasty shock for Merkel...
Greece may still have to quit euro...

WAR: KARZAI ACCUSES USA, TALIBAN OF COLLABORATING

3-8-13 AIR FORCE ERASES DRONE STRIKE DATA
CIA Brennan takes oath on draft Constitution -- without Bill of Rights...

PAPER: Declining US power...

UPSIDE DOWN: Colorado lowers tuitions for illegals...
Army suspends tuition assistance for troops...

Number of Tax-Delinquent Government Workers Up 11.5%...

FEB JOBS NUMBERS... { And the reality is far worse than this, with make-work/makeshift jobs, with unaffordable additional debt and money the nation doesn’t really have, even if you believe these numbers … I don’t … not even for a second! }
+236,000... { Look at the backward revisions down substantially … in their minds, ‘no harm, no foul’, which of course is ridiculous and total fraud and b***s*** … their strategy being that no one really looks or focuses on the revised previous period’s numbers which of course is part of the reason the nation’s predicament is intractably dire! }
7.7%...
WHITES: 6.8%...
HISPANICS: 9.6%...
BLACKS: 13.8%...
TEENS: 25.1%...
Santelli: 'Are We THAT Far Down the Hole?'

{ What a Total, Unequivocal Disaster and Embarrassment Chicago (among other american cities) Is! }

CHICAGOLAND: Morgue to post photos of unclaimed bodies online...

'GODFATHER' wants sex offender-type registry for 'gun offenders'...

3-6-13 KY senator filbustering CIA nomination...
'I will speak until I can no longer speak'...
Won't let Obama 'shred Constitution'...
Cruz Joins 'Modern Mr. Smith Goes to Washington'...
177th anniversary of fall of Alamo...
LIVE... HOLDER: Obama 'has authority to kill citizens in USA'...

Sen. Cruz slams Holder's defense of drone strikes against Americans...

Biden dumb as ashtray...
Gingrich a prick...
Obama is lazy... { I don’t know about the rest of the book; but I agree and posit as true the foregoing three Roger Ailes observations! }

3-5-13 STOCKS ON A HIGH...
PAPER: Dow Jones speeding on Fed steroids...
CRAMER: 'We all know it's going to end badly'...
Gov't Borrows $254 Billion in Feb...
NYC Leads Jump in Homeless...

REPORT: Trayvon Martin's girlfriend lied...
{ ZeroHedge: CRAMER: 'We all know it's going to end badly'... The Last Time The Dow Was Here...Submitted by Tyler Durden on 03/05/2013 -"Mission Accomplished" - With CNBC now lost for countdown-able targets (though 20,000 is so close), we leave it to none other than Jim Cramer, quoting Stanley Druckenmiller, to sum up where we stand (oh and the following list of remarkable then-and-now macro, micro, and market variables), namely that "we all know it's going to end badly, but in the meantime we can make some money" - ZH translation: "just make sure to sell ahead of everyone else", just like everyone sold ahead of everyone else on October 11th 2007, the last time stocks were here...GDP Growth: Then +2.5%; Now +1.6% Regular Gas Price: Then $2.75; Now $3.73 Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million Americans On Food Stamps: Then 26.9 million; Now 47.69 million Size of Fed's Balance Sheet: Then $0.89 trillion; Now $3.01 trillion US Debt as a Percentage of GDP: Then ~38%; Now 74.2% US Deficit (LTM): Then $97 billion; Now $975.6 billion Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion }

GALLUP: O 46%...
CBO: Federal Revenue to Set Record in 2013...
Bloomberg booed in storm-ravaged Rockaways...
Coast to coast, states brace for budget shock...
DC economy to take 'the worst'...
NOW LOCUSTS IN HOLY LAND...
W.H.: 'No set price' for meeting with Obama...
SPAIN'S JOBLESS HITS RECORD 5 MILLION...

3-4-13 GALLUP: O 46%...
CBO: Federal Revenue to Set Record in 2013...
Bloomberg booed in storm-ravaged Rockaways...
Coast to coast, states brace for budget shock...
DC economy to take 'the worst'...
NOW LOCUSTS IN HOLY LAND...
W.H.: 'No set price' for meeting with Obama...
SPAIN'S JOBLESS HITS RECORD 5 MILLION...

3-1-13 'I AM NOT A DICTATOR' [ That’s what they all say … next thing he’ll be saying for Bob Woodward’s consumption is ‘I’m not a crook’ … Riiiiight, O! You just act like one! The reality is that at some point the coverup for this failed president by adopting failed policies to obscure/hide his failed presidency must end. The reality is that this guy just can’t ‘cut the mustard’. The reality is that this guy, O, is total bull s**t and an unmitigated failure by any criteria by which you can measure a presidency (including his own as set forth in his last campaign…you know, that deficit thing that he was going to cut by half by the end of his first term but instead increased more than all the presidents combined! Then there were all those prosecutions to come of the huge wall street frauds, still extant by way of legislated FASB Rule change and now marked to anything, that never happened in fact.) (REPORT: Obama's golf weekend with Tiger cost as much as 341 furloughed federal workers... ) Krauthammer: Obama Only Left Out "Pestilence, Earthquake, Brimstone And Plague" In Sequester Warning CHARLES KRAUTHAMMER: Well, they know that they really overshot it. It was the … { Yeah … I mean, how quickly wobama changes tune and message … the message being ultimately, true to form and his history … obama’s full of s**t! Then again, we can all blame it on that fickle teleprompter! }

INCOMES DROP MOST IN 20 YEARS...
Money left over after taxes biggest plunge since 1959...
Bloomberg: Don't Panic, USA Has 'Infinite Amount of Money'...
President's plan: $1 trillion in new taxes...

Chicagoland: New tax puts cigarettes at $11 a pack...

EUROZONE JOBLESS HITS ANOTHER RECORD...
Italy hits 21-year high...
26.2% in Spain...
Britain slides toward new recession...

DNC defaults on DUKE ENERGY 'loan' for convention costs...
FLASHBACK: 'First convention in history that does not accept any funds from corporations'...

Reporter: 'People Waiting For Woodward To Die'... { Really? Don’t hold your breath! They’re going to have to wait a long time … if they even survive him, that is! }

Florida man (jeff bush) missing after bedroom swallowed by sinkhole...
...opened up beneath home
100-FEET WIDE...

2-28-13 WASHINGTON MOCKS WOODWARD... { How totally pathetic nigger-town washington’s become! }
Press turns on one of their own... { Oooooh! … Greater ‘access’ for the compliant assured thereby is the message! }
Andrew Sullivan: He's 'a liar'... { Riiiiight! Wobama the B for Bull S***’s the truthteller … }
Plouffe: He's getting old... { Come on! Scientists have just proclaimed 72 the new 30 … truth be told, even self-servingly I don’t buy that! But really, the truth is that the formidable Bob Woodward is getting wiser! }
{ WHite House Threatens Another Journalist WMAL.com February 28, 2013 Bob Woodward isn’t the only person who’s received threats for airing the Obama administration’s dirty laundry. It seems anyone is a potential target of the White House these days – even former senior members of the Clinton administration. A day after Woodward’s claim that a senior White House official had told him he would “regret” writing a column criticizing President Obama’s stance on the sequester, Lanny Davis, a longtime close advisor to President Bill Clinton, told WMAL’s Mornings on the Mall Thursday he had received similar threats for newspaper columns he had written about Obama in the Washington Times.Davis told WMAL that his editor, John Solomon, “received a phone call from a senior Obama White House official who didn’t like some of my columns, even though I’m a supporter of Obama. I couldn’t imagine why this call was made.” Davis says the Obama aide told Solomon, “that if he continued to run my columns, he would lose, or his reporters would lose their White House credentials.” }
POLL: Only 6% Rate Media as Very Trustworthy...
Internet edges TV networks as public's source for news... { As it should be! }

GOOGLE/NSA hoarding $48 billion in cash...
Donated to Honor FTC Chairman While Being Investigated...

GLASS SASS: 'Using smartphone is emasculating'... { If you only knew the contents of most texts/tweets you’d have to agree! }

IRS Furloughs to Begin AFTER Tax Season...
Federal workers vent anger at politicians...
Obama gives Republicans a meeting -- for 7 minutes?
Maxine Waters predicts 'over 170 million' jobs lost... { Yeah … the porn sites will be hit hard by substantially lower traffic as the do nothings will formally join the other niggers on the public dole! }
United States of austerity...

POLL: Only 6% Rate Media as Very Trustworthy...
Internet edges TV networks as public's source for news... { As it should be! }

White House pushes high court to support gay marriage... { To support wobama’s prospective second marriage! Might they also support bestiality unions and hence wobama’s first marriage thereby? }
Big Sis Regrets Timing of Immigrant Release... { Yeah … riiiiight!

Army Private Admits Giving Files to WIKILEAKS...
Says USA 'obsessed with killing'...
Tried to pass info to NYT, WASHPOST, POLITICO...

WHITE HOUSE THREATENS WOODWARD:
'YOU WILL REGRET DOING THIS' {The nigger approach … to elections, governing, etc., etc. }

Watergate reporter blasts Obama 'madness'... By Susan Heavey WASHINGTON | Feb 27, 2013 (Reuters) – ‘Journalist Bob Woodward on Wednesday criticized Barack Obama's handling of the automatic U.S. budget cuts set to take effect this week, calling the president's decision to hold back on military deployments "madness."His comments continued what has become a running dispute between Woodward, perhaps the country's best-known print journalist, and the Democratic White House over who is responsible for the across-the-board cuts scheduled to begin on Friday. Last week, Woodward published an opinion piece in the Washington Post - where he is an associate editor - saying the administration was "wrong" to blame the cuts on Republicans…’
WHITE HOUSE WARNS WOODWARD: 'YOU'RE GOING TO REGRET DOING THIS' { That’s a threat! }
'It makes me very uncomfortable'... { WOODWARD: It was said very clearly, you will regret doing this. }
POLITICO: Exclusive Details... ‘Bob Woodward called a senior White House official last week to tell him that in a piece in that weekend’s Washington Post, he was going to question President Barack Obama’s account of how sequestration came about - and got a major-league brushback. The Obama aide “yelled at me for about a half hour,” Woodward told us in an hour-long interview yesterday around the Georgetown dining room table where so many generations of Washington’s powerful have spilled their secrets… Woodward repeated the last sentence, making clear he saw it as a veiled threat…’

2-27-13 WHITE HOUSE THREATENS WOODWARD:
'YOU WILL REGRET DOING THIS' {The nigger approach … to elections, governing, etc., etc. }

Watergate reporter blasts Obama 'madness'... By Susan Heavey WASHINGTON | Feb 27, 2013 (Reuters) – ‘Journalist Bob Woodward on Wednesday criticized Barack Obama's handling of the automatic U.S. budget cuts set to take effect this week, calling the president's decision to hold back on military deployments "madness."His comments continued what has become a running dispute between Woodward, perhaps the country's best-known print journalist, and the Democratic White House over who is responsible for the across-the-board cuts scheduled to begin on Friday. Last week, Woodward published an opinion piece in the Washington Post - where he is an associate editor - saying the administration was "wrong" to blame the cuts on Republicans…’
WHITE HOUSE WARNS WOODWARD: 'YOU'RE GOING TO REGRET DOING THIS' { That’s a threat! }
'It makes me very uncomfortable'... { WOODWARD: It was said very clearly, you will regret doing this. }
POLITICO: Exclusive Details... ‘Bob Woodward called a senior White House official last week to tell him that in a piece in that weekend’s Washington Post, he was going to question President Barack Obama’s account of how sequestration came about - and got a major-league brushback. The Obama aide “yelled at me for about a half hour,” Woodward told us in an hour-long interview yesterday around the Georgetown dining room table where so many generations of Washington’s powerful have spilled their secrets… Woodward repeated the last sentence, making clear he saw it as a veiled threat…’

2-26-13 ALL TAX, NO CUT: WILL HE (BOENER) CAVE AGAIN?

Dems complain about presence of debt clock on Capitol Hill... { Riiiiight! Sounds like a plan! }

2-25-13 Obama's Paycheck Exempt From 'Sequester'...
Taxpayers Give Big Banks $83 Billion a Year...
REPORT: White House Sells Meetings with Obama for $500k... {To be sure, an added cost to the taxpayers some way! }
Carney dodges...
MSNBC, With Ex-Obama Aides, Now Almost 'Bona Fide Organ of State Propaganda'...
Stevens: Republican revival must go beyond joining TWITTER... { Yeah…Unfornutnately, with some exceptions, if it’s something that can be said in a ‘tweet’, it’s probably not worth saying, or taking up time reading! More like, just another mind-numbing, anxiety-relieving compulsion, at best! }
Atheists 'face discrimination around globe'... { Indeed! After all, the ‘globe’ can’t be wrong ‘all the time’. Actually, I have previously stated that I can empathize with the agnostic ( F. Lee Bailey was notably in that category by prior self-proclamation, among others ); this world being such as it is, human beings such as they are. Yet, said position is still unequivocally, absolutely incorrect; but, understandable. The position of the atheist is at the least intellectually dishonest (at worst, constituting a petulant penchant for the ‘great lie’ and in some instances, an inherent capacity for great evil). But, as well, incorrect, and certainly not understandable; and all the more wrong by positing something they don’t and hence, obviously, could not know as being so. Atheists are, quite simply…pathetic! }

2-22-13 UK DOWNGRADED

Firearm Co's REFUSING Sales to Gov't Agencies...
WOODWARD: Obama fibs on budget cuts...
PAPER: Low-income consumers hit hardest by tax increases...
President Gets Economic Advice from Sharpton...
Firefighters facing possible discipline after appearing with Obama...

PUBLIC TURNS ON GODFATHER...

CUOMO MACHINE GOES AFTER STATE WORKER -- FOR TALKING...

ABERCROMBIE to close 50 stores...
Bernanke downplays new bubble worries...
Gas-price increase is record for S California...
TB Outbreak Hits LA ...
'Streak Of Light' Spotted Across Skies...
Bank of England closes in on China currency deal... { Mervyn King, Governor of the Bank of England, is on the brink of striking a deal with the People's Bank of China which would cement the UK's role as the leading G7 trade hub for the world's fastest growing currency. }

2-21-13 LIMBAUGH: FOR FIRST TIME I'M ASHAMED OF MY COUNTRY...
'The cycle, the claims, the threats, the crisis, Armageddon'... { Little late to the party for rush as per that Boston song, it’s ‘More than a Feeling’! }
SOOTHE: Obama holds off-record meeting with top White House reporters...
POLITICO FROZEN OUT AFTER 'PUPPET MASTER' COLUMN...
MAG: Detroit Tops List Of Most Miserable Cities...
POLICE: LA hotel guests bathed, drank from rooftop water tank where body decomposed for two weeks...
'Water did have funny taste'...
CHICAGOLAND: Dental health for city's poor 'in midst of collapse'...
Woman Arrested for Having Sex with Pit Bull...

2-20-13 800,000 PENTAGON LAYOFFS...
Three-hour security lines at airport?
FOURNIER: 'Mr. President, This is Crazy'...
Fed Officials Divided On Inflationary, Failed Endless Pumping...
Desperate U.S. Postal Service tries to find its 'cool' factor...
Jesse Jackson Jr. pleads guilty to campaign finance fraud...
White Britons are minority in London for first time... { Yeah … and like america, the brits are acting like a bunch of niggers! }
Russia seeks return of adopted boy in US after brother's death...
PHOTOS: Four months after Hurricane Sandy, Jersey Shore still a wasteland... { At least, some good news … http://albertpeia.com/jerseywasteland.htm }

2-19-13 Sheriff Warns Of 'Second American Revolution'...
REPORT: Ohio Poll Worker May Have Voted SIX TIMES... { Finally Drudge! … I thought you’d never get to this! }
ATLANTIC CITY'S NEWEST CASINO TO FILE FOR BANKRUPTCY...
Gas prices could hit all-time record highs... { wall street’s gains, your pains! }
USDA to illegals: Don't worry, food stamps won't affect citizenship chances...
Thieves Steal $160K Worth Of Bronze From Mausoleums, Grave Sites...
REPORT: Secret U.S. military flights carried officials, equipment to NKorea...
Woman turns 102; Quits 82-year smoking habit...

SUPER SECRET SPRING BREAK: PRESS KEPT AWAY The White House press corps is expressing frustration over its lack of access this weekend to President Obama, who was on a golfing vacation in Florida.
Leading Geneticist: Human Intelligence Declining... http://albertpeia.com/humanintelligencedeclining.htm
FACEBOOK GETS MULTIBILLION-DOLLAR TAX BREAK
CHICAGOLAND: Feds issue Jesse Jackson Jr. indictment -- while Obama in town to deliver speech...
Obama Agenda Seen as Dead in Water by Republicans...
State of The Union Viewership Drops 11%...
Least Watched Since 2000...
LIMBAUGH: Obama Will Never Be Held Responsible for Anything...
Milbank: The debauched...
Pair Of Pit Bulls Go Wild, Viciously Attack 4 People In 30-Minute Rampage ...
Dog facelift ends in tragedy...
Knut skinned, fur used for new museum statue...

SEC Freezes Assets In 'Suspicious' HEINZ Trading...
Swiss Account...

Copper Thieves Darken Detroit Freeways...

2-08-13 EX-LAPD WANTED IN COP SHOOTINGS...
Left 20-page manifesto on FACEBOOK...
Uncensored... { http://albertpeia.com/niggersmanifesto.htm }
Supports gun control, Obama and Piers Morgan... { Yeah … and venal-la feinstein’s position on guns too … he seems the perfect fit for DHS (homeland security); you know, disarm the sane leaving them defenseless while stocking up on heavy weaponry they and other nut-cases can kill you with … loves O …You can’t make this stuff up in pervasively corrupt, meaningfully lawless, defacto bankrupt america http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
Wrote online message to Tebow...
Two innocent women shot by police in manhunt...
Statewide 'officer safety alert' issued...
POLL: Obama's approval rating collapses; 46%...
HA HA! Ohio Election Official: 'I Voted Twice for Obama'... { And, far from alone, election fraud was rampant! }
Kitty Kelley goes soft in Obama Era... { Indeed! And, like never before, there’s so much there. Afraid of the niggers? Probably! What journalistic cowardice and lack of journalistic integrity! And, not just with her! }
BLIZZARD NOW
DETAILS: NYC... BOS... RADAR...
HISTORIC, EXTREME SNOW...
Winds near hurricane force...
WATCHES/WARNINGS...
Long Gas Lines...
'Panic Shopping'...
Neurosurgeon Lectures Obama on Obamacare... ( DR. CARSON: ‘Here's my solution: When a person is born, give him a birth certificate, an electronic medical record, and a health savings account to which money can be contributed -- pretax -- from the time you're born 'til the time you die. When you die, you can pass it on to your family members, so that when you're 85 years old and you got six diseases, you're not trying to spend up everything. You're happy to pass it on and there's nobody talking about death panels. Number one. And also, for the people who were indigent who don't have any money we can make contributions to their HSA each month because we already have this huge pot of money. Instead of sending it to some bureaucracy, let's put it in their HSAs. Now they have some control over their own health care.’) { Sounds smart, good, and rational to me! }

2-07-13 Panetta: Obama Absent Night of Benghazi...
Hillary AWOL...
GENERAL: 'We Never Received a Request for Support'...
86-Year-Old Woman Uses Gun on Intruder...
Currency Wars Return, 1930s Style...
Fed Has Bought More U.S. Debt This Year Than Treasury Issued...
LaHood: 'America is one big pothole'... { Unfortunately, the reality is that america’s far worse than just a big pothole! }
Top London Properties Now Worth More Than All Rest of UK... { In other words, Not Worth It! }

2-06-13 Obama drone strike killed 16-year-old born in Denver...
DOJ: 'LEGAL'...
O: HOW I LEARNED TO LOVE THE DRONES
Harry Reid caught lying about '$2.6 trillion' in cuts passed by Senate...
REPORT: FBI's underage prostitution probe of Bob Menendez moves to NJ...
Panetta to propose military pay cut...Obama raised Joe Biden's salary...
DIE HARD: Bruce Willis Fights Gun Control...
George Zimmerman family 'threatened by niggers,' requires security, on the move...

2-05-13 CHICAGOLAND: Police To No Longer Respond Immediately To Burglaries, Car Thefts...
{In the latest nigger news:} Flash Mobs Turning Into Epidemic On NYC Streets; NYPD Powerless...
3 People Stabbed On NYC Subway Platform...
Basketball Coach Shoots Attackers... (WXYZ) - Police sources tell 7 Action News that a women's basketball coach from Martin Luther King, Jr. Senior High School shot two men who attacked him as he was walking two basketball players to their cars in the school parking lot.CLICK HERE FOR THE LATEST UPDATES Police sources say the coach was walking the two girls to their cars when two men allegedly approached and one pulled out a gun and grabbed him by his chain necklace. The coach then pulled out his gun and shot both of them, according to sources.The man who shot the attackers was 70 years old, according to police.One of the attackers was found dead in the median on Lafayette Boulevard, and the other was taken to a local hospital, according to police sources. We've learned that both of the men had attended the high school, and one had been recently expelled. Read more: http://www.wxyz.com/dpp/news/man-shot-near-martin-luther-king-jr-high-school-in-detroit#ixzz2K4VUwpF9
CBO: Obamacare will cost 7 million workers healthcare coverage...
Gas prices hit all-time record high for early Feb...
8,830,026: Americans on Disability Hits New Record...
Sheriff Joe's credit-card info stolen, used at Chicago grocery store...

2-04-13 Justice Department to sue Standard & Poor's...
FLASHBACK: S&P downgrades U.S. credit rating...
Rev Jackson calls for Homeland to patrol Chicago...
'Worse than Capone gangland days'...
CHICAGOLAND: Cops Shut Down Prostitution 'House Of Horrors'...
COPS: Teen throws boy, 9, off roof... http://albertpeia.com/negroesatplay.htm
REPORT: Fourth flight to Dominican by Dem Sen raises new questions...
Home state newspaper casts doubt on Menendez...
PROSTITUTE: 'THEY THREATENED THOSE GIRLS'...
OBAMA: 'NO DOUBT' WE NEED MORE NEW TAXES...
Gasoline costs take biggest share of household income in three decades...
STOCKS TAKE WORST ONE-DAY DROP THIS YEAR...
UPDATE: POWER GOES OUT AT DOME DURING GAME... {AP1-23-13: No! I didn’t watch the monkey bowl nigger show at half-time, and only parts of this year’s monkey bowl. Wow! San franny, on their fanny, should give former san fran mayor, venalla feinstein a call to send in the big guns before she bans them. Whoops…need to break the momentum of rival of niggertown favorite, san fran so power outage in niggertown new orleans…definitely hurricane katrina’s fault…riiiiight …better give nigger ray nagin a call to get things back up and runnin’…whoops, no can do – nigger ray’s just been indicted ( http://www.nola.com/crime/index.ssf/2013/01/a_breakdown_of_the_payments_to.html ) …Besides, this is a great way to level the playing field for the hometown nigger purse-snatchers…you know, lights out and all. Actually, I truly am rooting for the ravens, but not much…reason? To thwart this year’s egregious wall street fraudulent, manipulated ‘january effect’ superstition; viz., an AFL team nigger bowl win means according to mental case wall street superstition, bear market/bad stock market (actually, ‘sell now before may and go away’ is the apposite axiom regardless who wins). This is the last monkey bowl I’ll be watching even part of. If you’re rooting for san Francisco, be sure to where some flowers in your hair. This was the sh**iest monkey bowl I’ve ever seen even a part of! }

2-01-13 UNEMPLOYMENT RATE BACK UP TO 7.9%...
ASSOCIATED PRESS: 'mostly encouraging'...
8,500,000 Americans Left Labor Force In Obama's First Term...
POOF: Another 170,000 disappeared in January...
Retail Workweek Hits 3-Year Low...
Massive revisions to earlier numbers...
Gas prices to top $4 again...
IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family...
Obama Admin Delays Keystone Pipeline Decision Another 6 Months…
SUICIDE BOMBING AT U.S. EMBASSY...
Eighth Embassy Attack During Clinton Reign...
REID BACKS MENENDEZ AMID UNDERAGE PROSTITUTION CHARGES...
Long before FBI raid, NJ senator tried to help donor's Dominican Republic business...
Bob dodges press...
PROSTITUTE: Senator 'likes the youngest and newest girls'...
CHICAGOLAND: Murderer Mistakenly Released From Prison...
Driver shot to death on Lake Shore Drive ramp...
Tawana Brawley served with court order to pay man she accused of rape in 1987http://albertpeia.com/rememberingtawanabwana.htm

1-31-13 IRANSYRIA THREATENS TO RETALIATE AGAINST ISRAEL...
Syria: Israel Struck Military Site...
Russia: Unacceptable...
UN: Israel Must Withdraw From Judea...
Settlements 'violate Palestinian rights'...

MISSION ACCOMPLISHED: OBAMA ENDING JOBS COUNCIL...
Jobless claims rise sharply...
'Sandwich Generation': 1 in 7 supporting parents, kids...
HARRY REID: 'We are in a recovery'...
Automatic Budget Cuts More Likely as Stances Harden...
Pension insurer warns of rising deficit...
Dollar at 14-Month Low vs Euro...
FED: KEEP PUMPING...

Hispanics set to overtake whites in CA...

POLL: 67% of Texas Republicans Want Obama Impeached...

Menendez: I Reimbursed Donor $60K For Dominican Trips...
PROSTITUTE: New Jersey Senator 'likes the youngest and newest girls'...
Ties to Clintons...
MORE HOOKERS COME FORWARD...
Could face 30 years...

1-30-13 SHOCK: ECONOMY SHRINKS { And, that’s with all the printing/inflating/manipulating/spending what they don’t have! }

GDP -0.1%...
Santelli: 'We Are Now Europe'...
Job market booming at IRS...
DEMS: BEST LOOKING CONTRACTION YOU'LL EVER SEE...
Automatic Budget Cuts More Likely as Stances Harden...
Pension insurer warns of rising deficit...
Dollar at 14-Month Low vs Euro...
FED: KEEP PUMPING...

CHICAGOLAND: 15-Year-Old Who Performed At Obama Inauguration Shot Dead...

City murders more than double Afghan death toll...
Records Deadliest January In 11 Years...

1-29-13 Faber: Better Enjoy Market Rally While You Can...
USA debt headed toward 200 % of GDP -- even after fiscal cliff deal!
CHARLIE DANIELS: Nanny State Policies of this President Will Result in 'Chaos and Bloodshed'...
Benghazi my greatest regret...
Republicans like terrorists...
SENATOR: 'hillary clinton got away with murder'...
White slaves, black slaveowners in new play...

1-28-13 Feinstein: NRA is 'venal'... { Wow! That feinstein can say that with a straight face just shows how and why the once great state of California has fallen so far and fast.}
Government Officials Can Still Own Assault Weapons Under Feinstein Bill...
O: 'I GO SHOOTING ALL THE TIME'
BIG SIS TO PURCHASE 7,000 'ASSAULT RIFLES'...
BLOOMBERG REFUSES TO DISARM

Warning from David Mamet... { David Mamet is absolutely correct, of course. You absolutely cannot depend on the feds et als for your defense and best interests! }

(NIGGER)LAND OF LINCOLN downgraded...
Rated 'worst' state in country...

CHICAGOLAND: 7 MURDERED IN SINGLE NIGHT...
Mother loses 4th child to shooting...

Detroit's ex-mayor back in jail...
Treasury skewered for doling out 'excessive' CEO pay packages after bailouts...
Argentina and Iran form 'Truth Commission'...
Israel warns of possible pre-emptive strike in Syria...

Key facility hit?
Kissinger: Iran nuclear crisis close... [ Kissinger Predicts Nuclear War with Iran { This would be a zionist wet dream come true! And, a disaster for literally everyone else, particularly for pervasively corrupt, defact bankrupt America whose prior orwellian pro-israeli moves have not turned out well for anyone including america except for israel, the war profiteers and the military industrial complex as warned against by the underrated but great president General Eisenhower! } Kurt Nimmo | Characterizes looming conflict as “a turning point in human history.” { Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby doesn’t even have to pay kissinger for such folly! How ‘bout the turning point being the misguided balfour declaration and the subsequent existing 200+ illegal israeli nukes! } Video: Globalist Kingpin Predicts Nuclear War with Iran Prison Planet.com | Globalist kingpin, renowned war criminal and Rockefeller co-conspirator Henry Kissinger is talking up a nuclear conflagration. { Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby doesn’t even have to pay kissinger for such folly! How ‘bout the turning point being the misguided balfour declaration and the subsequent existing 200+ illegal israeli nukes! } ]

1-25-13 COURT TO OBAMA: ABUSE OF POWER

HOLDER MOVES ON GUNS...
Communist Party USA cheers...

UK heads for unprecedented 'triple dip' recession...

Feinstein Gun Control Bill Would Exempt Government Officials...
Lacks Dem Votes to Pass Dem Senate...
REPORT: Stricter gun laws fail to drive down gun-crime rates...

'MENTAL HEALTH CHECK' { I agree with Drudge’s pictoral implication that lobotomy joe is nuttier than a fruitcake! }

AMERICAN IDOL Racism Row: Nine Black Rejects Sue FOX Show... { Absolutely preposterous! Just another manifestation (and infestation) of niggers requiring irrationality to supplant rationality; whether that be elections (threats of riot), self-defense (threats of murder against those who defended against typically murderous criminal niggers), etc., plus the added ‘purse protection’ for females subjected to famously probable purse-snatching-niggers, along with other violence (see numerous examples infra, plus crime stats); plus, this is a privately owned network. Nobody tells the black enterprise network, etc., to have more white people. As a practicle patter, who wants the typical problems with niggers, ie., if they don’t get picked, elected, etc.. Forget the niggers! They’ve done enough damage. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

1-24-13 GALLUP: Obama's Fourth Year in Office Most Polarized In History...
BUCHANAN: Obama has hijacked the American Revolution...

Fed's Holdings of U.S. Gov't Debt Hits Record $1,696,691,000,000 -- Up 257%!

APPLE STOCK ROTTEN...

Number of Sheriffs Refusing to Enforce New Laws Snowballs...

Zuckerberg to fundraise for Chris Christie... { L’il Hoodie and humpty dumpty! }

Assange Calls DREAMWORKS' WikiLeaks Movie 'Massive Propaganda Attack'...

I Will Implement 'President Obama's Vision For The World'... { That’s a big negative! Then there’s the big question … which one? … the one that he says, or the one that he does … either way, that means big failure in a very big way! }

1-23-13 APPLE Earnings Disappoint...
STOCK PLUNGE...
'Broken Company'...

EMOTIONAL ROLLERCOASTER...
Hillary Refers to 'ARGO' in Explaining Benghazi...
Shouts: 'What Difference ... Does It Make?!'

NYC On Pace For 100 Subway Deaths In 2013...

DOMINATE: GOOGLE Complies With Government Requests for User Data 88% of the Time...

UPDATE: Inauguration Viewership Down -- Almost 50%!

1-22-13 Taliban: Prince (harry) has 'mental problem'... { Indeed he does! Well, what else is there to do but to run around the world killing people. After all, bastard son of Hewitt, he’s not too bright nor good at anything at all and he brits are known worldwide as such s**ts as they did in his own mum too. }
Attenborough: Humans are plague on Earth...
Japanese minister: Let elderly people 'hurry up and die'... { With all japan’s luck with all things nuclear in the last half century, they probably won’t have to worry about that! }
Environmental advocate launches campaign to ban cats as pets... { In favor of dinosaur-remnant indigenous birds…what a dinosaur he is…how primitive! }
Post Office cuts threaten source of black jobs... { and source of the Post Office’s problems, in large part …takes two or three niggers to do the same work of one non-nigger, they are so lazy and unproductive. The niggers are also error prone, and don’t give a hoot that they are. ‘That Detroit workforce’ has done wonders for america’s auto industry. }
699 teleprompter speeches, 83 days of vacation...
REPORT: ALL HOSTAGES DEAD IN ALGERIA
RANGEL: 'Some of the Southern Areas Have Cultures We Have to Overcome'... { The reality is that northern areas such as fraud capital of the world, national drain new york, have cultures we must overcome. After all, obama himself said rangel should resign with some dignity, not fully realizing that like chicago, and other northern areas, dignity is not required for federal, state, local government office or anything else for that matter. Just looking and acting like a nigger is sufficient! }

1-18-13 Fact Checker's 'Lie of the Year' Turns Out to Be TRUE... Given PolitiFact's dubious record of singling out Republicans for lying far more often than Democrats, you probably could have guessed the winner of this particular sweepstakes was a Mitt Romney campaign ad:… [Mitt Romney] Says Barack Obama "sold Chrysler to Italians who are going to build Jeeps in China" at the cost of American jobs…’ TRUE!

BIG EASY: NAGIN INDICTED ON CORRUPTION CHARGES...
Money laundering, bribery, fraud, MORE...

GALLUP: O 49% APPROVE...

FBI: Man robbed Alaska bank at hammerpoint...
Woman With Baby Brutally Stabbed Inside BED BATH & BEYOND...
SHOCK: Robber Beats Clerk With Hammers...
Woman's face slashed by razor at mall...

1-17-13 '(0)HIGH(0) ON HIS POWER' { Yeah, the story of failed state ohio! }

NOONAN: Obama overplaying his hand...{ Indeed he has, as niggers always do and always will! }

REPORT: Hostages held in Algeria killed...
REPORT: Four freed...
BLOODBATH: Helicopters strafe gas plant in desert...
Fate of 7 Kidnapped Americans Unknown...
Hostages 'made to wear explosives'...
Gunmen dubbed 'Signatories for Blood'...
Attack planned BEFORE French strike in Mali?

Fast And Furious: Man Claims To Have Shot U.S. Border Patrol...

CHRISTIE: NRA Ad 'Reprehensible'... { Humpty dumpty speaks! The jersey glory boy of sardonicus tom kean! Never trust a half-breed Sicilian, former federal government slug! }
129 DAYS LATER: FBI DIRECTOR IN LIBYA FOR BENGHAZI INVESTIGATION... { mueller, as was his corrupt predecessor louis freeh, is a total waste! There isn’t anything about america that’s not ultimately, in the final analysis, criminal/totally fraudulent! Germany Starts a Central Bank Run http://albertpeia.com/trustingamericainsanity.htm }

CHICAGOLAND: Teen killed at end of high school basketball game...
Homeless strangled to death over shoplifting toothpaste...

Report questions food stamp program effectiveness...

WHOLE FOODS CEO: Health care law 'like fascism'...

1-16-13 LET'S PLAY TAKE THE GUNS (picture of 0 surrounded by kids)

Obama using gun issue to advance health law...

FLASHBACK: Tyrants Who Have Used Children As Props...
Gov. Perry: Using Massacre of Children to Advance Agenda 'Disgusts Me'...
Presses doctors to ask patients about guns...
Orders research on media...
RUBIO: Abuse of executive powers...
23 'Executive Actions'...
After Speech: 'Par-TEE!'

SECOND CONGRESSMAN SUGGESTS IMPEACHMENT...
BROWNSTEIN: Expect Obama to Get EVEN MORE Aggressive...
Gun stocks soar...
HURT: Personal liberty under fire...

THUGS BRUTALLY BEAT TOURIST ON GREENWICH VILLAGE STREET USING BAT, TIRE IRON { If only the tourist had a gun! }...

PAPER: Time to start switching out of US assets...

13-year-old girls beat woman at bus stop 'for fun'... ( Uncivilized niggers, of course! )
Girl gang hails cab, then chokes, robs driver... ( Uncivilized niggers, of course! ){ CHICAGO (FOX 32 News) – ‘The Chicago Police Department has issued an alert in the 2nd District of Wentworth for several armed robberies that have occurred during the month of January.The offenders, described as six to seven African American females with a light completion between the ages of 16 and 20, enter cabs in the Loop. Upon arrival to their destinations on the South Side, one of the girl chokes the driver with a rope or cord, while another threatens the cab driver with a knife, demanding cash. Authorities say the group then jumps out of the cab… Read more: http://www.myfoxchicago.com/story/20546398/alert-group-of-girls-sought-armed-robbery-cab-drivers?obref=obinsite#ixzz2ICcZA7FJ
Indonesian judge jokes that victims may enjoy rape...

1-15-13 Citizens File Articles of Impeachment Against Obama...

REDDIT Founder's Father: 'Aaron...Was Killed by the Government'...

NRA Ad: Obama Is 'Elitist Hypocrite'...

Cuomo Quickly Signs Into Law To Avoid Run...
{ The foregoing and the following are together … only the mob families should have guns, death penalty says mob’s man cuckoo coumo. }
Corleone apologizes for decades of Mafia murders...
MORE DEATH ON NYC SUBWAY...

RAND PAUL: 'Having a monarch is what we fought the American Revolution over'...

Reporter Mocks Carney: 'I'm Not Going to Indulge Your West Wing Fantasies'...

Fitch may downgrade U.S. credit rating...
Long-Term Unemployment Highest Since World War II...
Welfare spending to rise 80% in next decade...
HOUSE SPENDS $50B ON SANDY AID... { Replaying Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s asking is, will they ever be able to put humpty dumpty back together again? The newyork/jersey/conn tristate national drains (huge wall street frauds, organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been waiting far longer for resolution to the corrupted process regarding funds due and owing to me from primarily the corrupt tristate region, the beltway’s no.virginia, and banana republic extraordinaire (the entire nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

White House to miss budget deadline; Breaks law...

Workers raiding retirement funds to pay bills...

Reid denies involvement in Utah businessman scheme... { ‘SALT LAKE CITY (AP) — Senate Majority Leader Harry Reid's office said Monday he was never involved in a deal to have a Utah businessman pay the senator to make a federal investigation disappear…’ Sounds very american to me; the bribes part, pay to play, etc.; that’s what I’ve seen, and worse… http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

1-14-13 LIMBAUGH: President positions his political opponents as the enemy...
LEVIN: 'We Have An Imperial President'...

Michael Savage: Don't trust feds on flu shot...{ Or anything else, for that matter. Indeed, from my direct experience, the actions/inaction of the feds are geared toward making one reliant/dependent upon them (ie., food stamps, faux disability, unemployment comp extensions, ‘protection’ from rampant, blatant crime or not, etc., despite america’s defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence and venality. In fact, stepping back, I have seen first hand those siding with/benefiting from (and the encouraging of more crime), ie., RICO defendants et als, actually rewarded by the pervasively corrupt/defacto bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a combination of and tantamount to what is essentially hush money, bribes, etc.). Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless nation of marauders/thieves that no longer even remotely resembles what it purports to be and arguably once was. Armed Robberies Spike Following Game... { Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

CONGRESSMAN WARNS OBAMA: IMPEACH YOU { http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm }

White House readies 19 executive orders on guns...

1-11-13 WAIT!
MY TAXES WENT UP TODAY?

RADIO WAVES: Hannity: States could leave union if feds continue 'radicalized, abusive' pattern...
Levin: 'I Can Barely Contain My Fury At What Is Going On'...
Michael Savage: 'Nationalist' third party to challenge Republicans...

Obama gives himself lifetime protection with armed guards 24/7...
FLASHBACK: Obama opposed bill to allow person to use gun to save own life in own home...

1-10-13 NRA RANKS SOAR...
Obama 'agenda to attack Second Amendment'...
CLASH...
GOOGLE searches for 'Hitler gun control' spike...
Biden Hints at Outlawing Unregulated 'Private' Sales...
WY Lawmakers Propose 'Gun Protection' Legislation to Thwart...
Kirchner attacks Falkland Islands 'invaders'... { Invaders indeed! Time to call british spades, spades! We fought a revolution after so doing! Some more brit reality: 18 Facts That Prove That Piers Morgan Is Flat Out Lying About Gun Control http://albertpeia.com/piersmorganlyingaboutguncontrol.htm }

'THE RIGHT OF THE PEOPLE TO KEEP AND BEAR ARMS, SHALL NOT BE INFRINGED'

Obama's 81% Support in New York City Best in 114 Years... { Fallen city! … nyc now officially a niggertown! }

SHRINK: We are creating 'generation of deluded narcissists'... http://albertpeia.com/deludednarcissists.htm ‘…We must beware of the toxic psychological impact of media and technology on children, adolescents and young adults, particularly as it regards turning them into faux celebrities—the equivalent of lead actors in their own fictionalized life stories…’ }

1-9-13 'THE RIGHT OF THE PEOPLE TO KEEP AND BEAR ARMS, SHALL NOT BE INFRINGED'

WHITE HOUSE THREATENS 'EXECUTIVE ORDERS' ON GUNS...
'The president is going to act'...
BANG BANG: CUOMO TO ANNOUNCE SWEEPING GUN LAWS...
Hysterical governor expects rest of country to follow...
'No One Needs 10 Bullets To Kill A Deer!!'
NRA President Fires Back...
Clinton Turns Tech Speech Into Gun Rant...
Iowa lawmaker calls for confiscation...
CT lawmaker calls for background checks to buy ammo...
Gun sales soar in Atlanta...
'Folks are grabbing just about any they can get hands on'...
Utah town to encourage arming households...
Ted Nugent unloads...
PANIC: One Million AR-15 Magazines on Backorder...
Police: Store clerk's gun beats thief's cattle prod...
PRAVDA: America, 'Never give up your guns'...

New fiscal crises near -- Dems seek more tax increases...

REPORT: 1 in 4 children on food stamps...

Obama's 81% Support in New York City Best in 114 Years... { Fallen city! … nyc now officially a niggertown! }

SHRINK: We are creating 'generation of deluded narcissists'... http://albertpeia.com/deludednarcissists.htm ‘…We must beware of the toxic psychological impact of media and technology on children, adolescents and young adults, particularly as it regards turning them into faux celebrities—the equivalent of lead actors in their own fictionalized life stories…’ Read more: http://www.foxnews.com/opinion/2013/01/08/are-raising-generation-deluded-narcissists/#ixzz2HXlpfElS

1-8-13 UNTOUCHABLE: MF GLOBAL judge nixes group's bid to depose Corzine... { Pervasively corrupt, defacto bankrupt in every way, fallen america is so far gone they no longer even bother with pretense! }

CONGRESSMAN FLOODED WITH CALLS ON GUN CONTROL: 9-TO-1 AGAINST...

France bumps drunk-driving charge up to criminal court for tax exile Depardieu... { There! That’ll show him … for going over to the ultimate winner of the cold war! }

Alex Jones vs. Piers Morgan: '1776 Will Commence Again If You Try To Take Our Firearms'...

REPORT: BANK OF AMERICA Freezes Gun Manufacturer's Account...

Armed Robberies Spike Following Game... { Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

1-7-13 Alex Jones vs. Piers Morgan: '1776 Will Commence Again If You Try To Take Our Firearms'...

REPORT: BANK OF AMERICA Freezes Gun Manufacturer's Account...

Armed Robberies Spike Following Game... { Indeed! A LaPierre: ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense being the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. Let me also add from direct experience, if you’re relying upon, ie., the feds and (corrupted) process, to protect and save your property, life, liberty and happiness consistent with rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm

UNHAPPY KINGDOM: DISNEY considers new layoffs...
Dem: Christie May Have 'Prayed' For Hurricane To Cover Up Failed Policies...

China media stand-off with censors escalates...
Protests widen...

1-4-13 GALLUP: OBAMA APPROVE FALLS BACK TO 50%...

Merkel pictured with blacked-up children... { Yeah! Following, and like america, they’re all niggers now! }

Barney to Be Senator Frank? { Nothing quite succeeds like failure in america! Doesn’t this also say something in the worst way about the pathetic state of massachusetts?! Guess he just wants to repopularize that all-american haircut, the pageboy! }

1-3-13 USE IT OR LOSE IT
DEBT HITS $16,432,706,000,000.00

NYC Pol Slams Pork in Sandy Aid Bill...

Lobotomy Joe Biden gets frisky with senator's wife...
'Spread your legs -- you're going to be frisked'...
Deploys strange accent to welcome family of Senate's only black member...
New Delhi Gang Rape: Youngest Attacker 'Ripped out Victim's Intestines with Bare Hands'...

French anti-tax hero Depardieu gets new citizenship -- from Russia!

Marine Warns Feinstein: 'I will not be disarmed'...

1-2-13 House votes to keep pay freeze for lawmakers, federal employees; Overturn Obama executive order...

'Fiscal cliff II' showdown set for February...

Senate Received 154-Page Bill Only 3 Minutes Before Voting on it... { Time to implement term limits across the board, no exceptions! }
MONEY'S NO OBJECT: Obama heads back to Hawaii -- at taxpayer cost of $7 million...
Left town without signing bill!

Boehner to Reid: 'Go F*** Yourself'...
Obama vows more tax hikes: 'We can't cut our way to prosperity'...
NASCAR PARTY FAVORS BURIED IN 'CLIFF' BILL...
MILLIONS FOR RUM PRODUCERS...
$59 million for algae growers...
HOLLYWOOD GETS BREAK...
...AFTER RECORD BOXOFFICE YEAR
AFGHAN WARLORD: PRINCE HARRY IS 'JACKAL KILLING INNOCENTS'...

12-31-12 Warren Buffett kills newspaper, fires 72 workers...

OBAMA TO GO FOR GUNS...
Dem Sen: 'Mr. and Mrs. America, turn 'em all in'...
CHICAGOLAND: Bank Robberies Nearly Double In 2012...

GALLUP: Disapproval of Obama Has Climbed 5 Points Since Christmas...

VIDEO MOCKS STARS FOR DEMANDING GUN RULES... ***GRAPHIC***...

OBAMA SIGNS RENEWAL OF WARRANTLESS WIRETAP LAW -- BEHIND CLOSED DOORS...
Oliver Stone: 'USA has become an Orwellian state'...
Activists voice dismay as Senate renews government surveillance measure...
Judge rebuffs feds' secret arguments on no-fly list...

Congressman Moves to Block Obama's Congressional Pay Increase... { Yeah, that’ll happen! … Time to implement term limits across the board, no exceptions! }

OVER THE CLIFF WE GO!

DRAMA: Clinton in hospital with blood clot...
DOCTOR: Danger 'depends on where it is'...
Worried about 'other issues associated with concussion'...
NBC reporter: 'Clots from concussions can't be treated with blood thinners'...
Has not been seen in public for 3 weeks...
Conspiracy theories abound...
Subdural hematoma?

12-28-12 Oliver Stone: 'USA has become an Orwellian state'...
Activists voice dismay as Senate renews government surveillance measure...

Pay Raise for Biden, Members of Congress, Federal Workers... { As I’ve previously stated, nothing succeeds quite like failure in pervasively corrupt, defacto bankrupt america! }

Bloomberg: Keep 2 subway push deaths in perspective... { Riiiiight! Sounds like a plan … I’ve previously said some positive things about bloomberg, mostly relating to his financial acumen … I take them all back, and then some … clearly, part of the new york / new jersey / northeast/beltway drain, I believe bloomberg is totally burnt out … not only by what he’s been sayin’ , doin’; but as well, he looks like he’s on a permanent overdose of valium/prozac or whatever else they’re pushin’ these days for depression … really! }
Crime Up, Blames iPhone Thieves...

$1 Trillion Obamacare Tax Hike Hitting on Jan. 1...

US Soldier Suicides Outnumber Combat Deaths In 2012...

TOP GUN: Chicago hits 500 murders in 2012...
'Unfortunate'...

12-27-12 OVER THE CLIFF WE GO!
OBAMA SENDS SOS TO HILL...
House to Return Sunday...
Deal 'virtually impossible' before New Year...
Finger-pointing...

FEINSTEIN BILL REQUIRES 'GRANDFATHERED WEAPONS BE REGISTERED' { Only the criminals are excepted and exempted; particularly in crime-ridden california! } ...

12-26-12 $16.4 Trillion in Federal Debt...

'Disabled' Workers Hit New Record in December: 8,827,795...
Social Security Program Ran $47.8 Billion Deficit in 2012...

POSTAL WORKER ARRESTED FOR STEALING MAIL, IDENTITIES...

Hollywood Studios Employees Caught Pirating Films...

UPDATE: Man shot over new pair of Air Jordans dies...

12-24-12 Spending to Increase 55% Under Obama's Plan...

Lawmakers: We're Likely to Go Over 'Cliff'...
... finger-pointing
Impasse Turns to Senate...
Obama turns to golf in Hawaii... { Regrettably … I have to reiterate: ‘wobama’s such a typical, incompetent, lazy, failed b***s*** nigger!’ }

School Obama's Daughters Attend Has 11 Armed Guards...

12-21-12 NRA LaPierre: Hollywood, media, music, violent videos cause culture of violence... { There is indeed a culture of violence in america; that, along with a celibratory attitude toward crime and criminals generally (and of course, cowardice in the face of criminality, which didn’t apply to the Newton, CT tragic scenario), along with the reality that crime in america pays, and pays well, and is largely protected at the highest levels. That said, I still oppose any and all censorship (a ‘slippery slope’ in a country now as this, best not tread on) to the extent that’s inferred from LaPierre’s cogent speech; though I believe it a stretch for anyone to have reasonably gleaned that from his words so eloquently put. I read the text of his entire speech as he made it. I believe he was correct in every significant respect; importantly, and simply put, ‘bad guys (criminals) with guns can only be stopped by good guys with guns’. Moreover, I would add that criminals will always have (and have access to getting) guns. To strip the good, the innocents of their like defense against same is insanity. I hearken back to and reiterate the (famed NRA truism and) reality that it’s ‘people that kill people’ and the numerous examples he gave of armed defense the only real, true protection for those in need, as ie., children, etc., of protection from the nefarious elements of our increasingly less than civilized society. } NRA’s Wrongheaded Response to Sandy Hook Violence Infowars.com | NRA Executive Vice President calls for more cops in schools and a government database of the mentally ill. { The following ‘rebuttal’ from Infowars is not entirely unreasonable but I believe relies too much on the presumption of sanity among the american masses: ‘…LaPierre also announced a NRA model security program of armed volunteers to guard schools. He said Rep. Asa Hutchison, R-Ark., will lead the program for the lobbying organization. While the idea of armed citizen volunteers protecting schools is reasonable, the call for adding more police is not. The presence of police in public schools has created a number of problems – from tasering and handcuffing students to shooting them to death – in addition to fostering a prison-like environment [if the ‘shoe fits’]. As for creating a government database of people suffering from mental illness and then presumably denying them Second Amendment rights, this is a dangerous idea begging for government abuse [as was so in the former communist soviet union of old]. If the state is allowed to determine what mental illness is and who suffers from it, large numbers of people will undoubtedly have their right to own firearms denied (like veterans suffering from PTSD are denied their rights). It looks like the NRA is merely passing the buck on this issue and once again relying on government to devise solutions [this is an unfair criticism by infowars inasmuch as the NRA are not elected officials although, truth be told, as evidenced in the past election, u.s. elections are a total joke and are indeed ‘rigged’ – then there were as well the unprecedented terrorist threats of violence/rioting by the typically uncivilized niggers ( note that wobama, a nigger himself, registered no objection to those threats and intimidation – the uncivilized niggers having their way now with purported ‘civilized institutions’ – don’t forget the crime stats wherein niggers are the undisputed leaders by far ) as well as voter fraud, and incumbents did not want to rock their boat, aka ‘the uss titanic’ ]. The solution to public school violence is really quite simple – citizens must be fully empowered to exercise the right to self-protection and the protection of their families (defense is a natural right that has nothing to do with the real reason the Second Amendment was established). This right to self-protection cannot be denied by “gun free zones” that are in essence self-defense free zones…’ }
American Dream Fades for Generation Y Professionals...
House Republican members circulate plan to oust Speaker Boehner... {12-18-12 BOEHNER ADOPTS PELOSI PLAN... AIP:Yeah … it’s time to talk ‘john the boner’ … he’s a total failure … and, he’s a very stupid man to boot. Seriously, he’s pretty dumb! Moreover, this teary-eyed ‘house speaker’ didn’t even carry his own state in the past election. They know he’s a dummy! } What In The World Are Barack Obama And John Boehner Thinking? http://albertpeia.com/2dummiesinovertheirheads.htm

12-20-12 APOCALYPSE NOW! { NOT! Yet, that is! APOCALYPTO: Panic spreads ahead of Mayan prophecy... { As I previously have stated many times: No, the world’s not ending … this year … but, there’s just decades left at best! The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ] }

Communist Chinese Government Calls For Americans to be Disarmed...

Putin goes on offensive against USA...

Thousands Wait In Line For Days For Free Holiday Food Bags...

SEASON'S BEATINGS:
Man charged for MCDONALD'S cheeseburger rage incident...
COPS: Minister Peppersprayed, Robbed In Broad Daylight On Philly Street...
Woman attacked with feces-filled sock on train...
'Furious diner' sets fire to DENNY'S Christmas tree...
Cops pepperspray unruly crowd after brawl over Air Jordans...

Video: Girl, 8, caught taking packages from neighbors' doorsteps (they start young in america) ...

12-19-12 Gov't announces GM 'exit strategy' ... taxpayers to lose billions!
50% Loss!

Clinton accused of faking illness to avoid Benghazi testimony...

Reporters Criticized for Not Following Script at White House News Conference...
President Uses Sandy Hook Massacre to Push Tax Hikes...

Sen. Feinstein: ZERO DARK THIRTY 'dangerous'...
{ Amazingly, we’re literally talking fiction here; ‘Lincoln’ being as historically accurate as ‘Jack and the Beanstalk’. We’re talking propaganda and Orwellian thought control/policing. The reality is the incompetence and corruption in D.C. is worse than dangerous. }
Reid Adjourns Senate for Viewing of LINCOLN...

12-18-12 BOEHNER ADOPTS PELOSI PLAN... { Yeah … it’s time to talk ‘john the boner’ … he’s a total failure … and, he’s a very stupid man to boot. Seriously, he’s pretty dumb! Moreover, this teary-eyed ‘house speaker’ didn’t even carry his own state in the past election. They know he’s a dummy! }
TAXES GO UP ON RICH NOW, CUT SPENDING LATER...
White House rejects...
VIDEO: Boehner says will protect as many taxpayers as possible...
Debt has increased $18,944 per household under his leadership...

MAG: DRUDGE 'racist' after movie quotes? { Riiiiight! Drudge the ‘Nazi Jew’ … gimmee a frickin’ break … that’s ridiculous! He does report, however, what some are afraid to report! }

12-17-12 MORE TAXES, MORE DEBT

FOREIGN HOLDINGS OF US DEBT HIT RECORD $5.5 TRILLION...
Up 78% under Obama!

12-14-12 SLAUGHTER OF INNOCENTS

MEDS? Shooter suffered from 'personality disorder' ...
'Obviously not well'... { 20 children, 7 others dead in school shooting Marketwatch { From the previous day, pre-shooting I posted : Don’t Let Your Child See a Psychiatrist. Jon Rappoport { In light of his expressed fear, psychologists can’t prescribe medication – though that’s changed somewhat in some states. Rappoport must realize that some parents, nuttier than fruitcakes particularly in america, might be the problem. Who then does the troubled child turn to?} That said, Every human emotion now classified as a mental disorder in new psychiatric manual DSM-5 Mike Adams { Well, I gotta tell ya … if the shoe fits, wear it … the reality is that the prevalence of mental disorders/mental illness in america is so great that reactions as those of mike adams (including shooting the messenger) are not unexpected; but, must be discounted. After all, insanity or close to it has indeed become the new normal, shaded/obscured somewhat by what’s deemed simple inherent criminality which masks the underlying ‘americinsanity’. }
Intelligent and Shy...
*Brother has told investigators that Adam was 'autistic'...
Dozens Dead At School...
District Had Just Installed New 'Safety' Protocols...
8-year-old says teacher saved him...
Screams 'over intercom'...
Four weapons recovered...
Scene 'atrocious'...
Newtown, CT Described as 'Adorable Little Town'...
ALEX JONES: 'THE FIX IS IN, THEY'RE COMING FOR OUR GUNS'...

DOMINO'S PIZZA founder sues feds over Obamacare...

Atlanta mayor grants 50% pay increase for city council!

OBAMA TO STONERS: WE'RE COOL... { Yeah … right! … Choom gang-banger wobama is about as cool as s**t moving downhill … ‘social’ drugs as marijuana, blow to a lesser extent, hashish (heroin, speed, barbiturates, etc., are definitely uncool, sticking with the limited stoner terminology, dudes) are neither cool nor uncool … as plebian as a glass of wine, champagne, beer, scotch, etc., after a week’s hard work only, at best a somewhat decadent indulgence; at worst, as with all indulgences, literally potentially destructive and negative if in excess … Far from special, anyone can do them … [Truth be told, within weeks (ie., usually 4-6 weeks) of ie., important exams (it’s also ‘lamentably’ true I was a ‘quick-study’ crammer but blessed with a great memory facilitating same without detriment thereby, providing for/enabling ‘balance’), I abstained from marijuana owing to the somewhat limited, lingering persistence of same in the fatty tissues including the brain affecting retention, etc.. ] Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! http://www.albertpeia.com/wobamaschoomgangbangin.wmv }

12-13-12 Senate Report: Harsh CIA Interrogation DID NOT Lead To Intelligence Gains...

Only 15 States Opt to Run Obamacare Exchanges...

Violent 'Grinch Gang' Ransacking Upscale Suburban NYC Homes...

Pelosi Accuses GOP Of Lack Of Concern For Kwanzaa...

DETROIT'S DECLINE: 34.5% on Food Stamps, 45.7% Not in Labor Force...

BUDGET DEFICIT SKYROCKETS TO $172B IN NOV, UP $52B FROM OCT...

PUMP DELUXE: Federal Reserve to spend $45B month to buy bonds...
{ It’s really quite amazing that the so-called economic experts, ie., economists, financial/securities analysts, CEO’s, etc., are so economically challenged so as to believe beyond the self-interested ‘swallow’ (ie., paper inflation, etc.) that somehow printing/creating ever more worthless/debased paper fiat currency will in some way create real value, production, jobs, etc., as opposed to the destructive mechanism along with nefarious dislocations that it truly is. }
PROJECTS HIGH UNEMPLOYMENT FOR NEXT 3 YEARS...

JIMMY HOFFA WARNS OF 'CIVIL WAR'... { There is an exception to the hearsay rule known as a dying declaration; the rationale being that a person would not ‘go to his maker’ with a false statement/declaration to ‘taint his soul’. Interestingly, I had occasion to know a very intelligent, learned man who was indeed dying, in a death spiral if you will. A lawyer by profession, he had taken an interest in another lawyer’s history; none other than Abraham Lincoln himself. Curiously I thought at the time, though even then, some decades ago (long before the internet), I realized that you were never getting the whole, correct, true story from american media, history as written, etc.. ( I was fortunate in sixth grade to have had a great teacher, James Bresnahan, who allowed for ‘expansive’/accelerated learning in what he took the time and trouble to provide as an advanced reading group. Among the subjects was that knowledge/thinking tainting phenomena known more commonly as propaganda). After all, a long dead president; and, one who famously suffered from recurring bouts of severe depression could hardly be the object of, from my view, intense intellectual interest and scrutiny. Yet, he was fixated on what he deemed a somewhat surprising revelation; viz., from his intense study, Abe was not ‘Honest Abe’ but rather, was a thief. I was aware that in fact, Lincoln found niggers somewhat appalling and initially opposed ending slavery as well as those who favored same, viz., the abolitionists, etc. (niggers are a same old old story of lazy, unproductive, inherently very uncivilized criminal people who are fun-luvin’ for games, partying, and getting high only. Even the incisive Shakespeare euphemistically referred to the ‘typicality’ of the inherently untrustworthy and without sense of honor, ‘noir’ [french for black]). The ultimate consummate politician (as a lawyer, Lincoln famously took a contrary position not long before saying he thought he then was right but now taking the opposite position now knew he was right … riiiiight! ‘Honest Abe’), Lincoln ultimately did, in rallying his ‘stalwarts’, back the abolitionist cause. I personally feel the people of the south were foolish in bringing vanquished niggers, sold into slavery by other niggers who vanquished them, to this already now recently blemished land. Moreover, as today, the niggers (and the abolitionist cause) had provided fodder for politics of all sorts, including that of Lincoln. Indeed, even today, spielberg who is famous for his pro-jewish ‘politicking’/propaganda (even the first Indiana Jones movie was heavy on the Arab/Nazi transference propaganda) has found a way to make film-making pay for him and the democratic party by way of the misguided, inaccurate view of Lincoln as the anti-slavery icon he is speciously depicted as. Civil war? Hoffa, like his mob-connected, then disconnected (permanently) father is old news. The truth is that their own done them in (as was so of hoffa’s father) with NAFTA, etc., as they themselves foolishly laughed at their real would-be saviors, ie., Ross Perot, etc.. The reality is, there is literally nothing that can’t be produced better and cheaper and without paying the shake-down bribe from the teamsters et als for doing absolutely nothing (as is true with the other niggers, et als, entitlements, etc.), elsewhere. Twinkies anyone? }

12-12-12 Pelosi Accuses GOP Of Lack Of Concern For Kwanzaa...

DETROIT'S DECLINE: 34.5% on Food Stamps, 45.7% Not in Labor Force...

BUDGET DEFICIT SKYROCKETS TO $172B IN NOV, UP $52B FROM OCT...

PUMP DELUXE: Federal Reserve to spend $45B month to buy bonds...
{ It’s really quite amazing that the so-called economic experts, ie., economists, financial/securities analysts, CEO’s, etc., are so economically challenged so as to believe beyond the self-interested ‘swallow’ (ie., paper inflation, etc.) that somehow printing/creating ever more worthless/debased paper fiat currency will in some way create real value, production, jobs, etc., as opposed to the destructive mechanism along with nefarious dislocations that it truly is. }
PROJECTS HIGH UNEMPLOYMENT FOR NEXT 3 YEARS...

JIMMY HOFFA WARNS OF 'CIVIL WAR'... { There is an exception to the hearsay rule known as a dying declaration; the rationale being that a person would not ‘go to his maker’ with a false statement/declaration to ‘taint his soul’. Interestingly, I had occasion to know a very intelligent, learned man who was indeed dying, in a death spiral if you will. A lawyer by profession, he had taken an interest in another lawyer’s history; none other than Abraham Lincoln himself. Curiously I thought at the time, though even then, some decades ago (long before the internet), I realized that you were never getting the whole, correct, true story from american media, history as written, etc.. ( I was fortunate in sixth grade to have had a great teacher, James Bresnahan, who allowed for ‘expansive’/accelerated learning in what he took the time and trouble to provide as an advanced reading group. Among the subjects was that knowledge/thinking tainting phenomena known more commonly as propaganda). After all, a long dead president; and, one who famously suffered from recurring bouts of severe depression could hardly be the object of, from my view, intense intellectual interest and scrutiny. Yet, he was fixated on what he deemed a somewhat surprising revelation; viz., from his intense study, Abe was not ‘Honest Abe’ but rather, was a thief. I was aware that in fact, Lincoln found niggers somewhat appalling and initially opposed ending slavery as well as those who favored same, viz., the abolitionists, etc. (niggers are a same old old story of lazy, unproductive, inherently very uncivilized criminal people who are fun-luvin’ for games, partying, and getting high only. Even the incisive Shakespeare euphemistically referred to the ‘typicality’ of the inherently untrustworthy and without sense of honor, ‘noir’ [french for black]). The ultimate consummate politician (as a lawyer, Lincoln famously took a contrary position not long before saying he thought he then was right but now taking the opposite position now knew he was right … riiiiight! ‘Honest Abe’), Lincoln ultimately did, in rallying his ‘stalwarts’, back the abolitionist cause. I personally feel the people of the south were foolish in bringing vanquished niggers, sold into slavery by other niggers who vanquished them, to this already now recently blemished land. Moreover, as today, the niggers (and the abolitionist cause) had provided fodder for politics of all sorts, including that of Lincoln. Indeed, even today, spielberg who is famous for his pro-jewish ‘politicking’/propaganda (even the first Indiana Jones movie was heavy on the Arab/Nazi transference propaganda) has found a way to make film-making pay for him and the democratic party by way of the misguided, inaccurate view of Lincoln as the anti-slavery icon he is speciously depicted as. Civil war? Hoffa, like his mob-connected, then disconnected (permanently) father is old news. The truth is that their own done them in (as was so of hoffa’s father) with NAFTA, etc., as they themselves foolishly laughed at their real would-be saviors, ie., Ross Perot, etc.. The reality is, there is literally nothing that can’t be produced better and cheaper and without paying the shake-down bribe from the teamsters et als for doing absolutely nothing (as is true with the other niggers, et als, entitlements, etc.), elsewhere. Twinkies anyone? }

12-11-12 VIDEO: FOXNEWS contributor punched in face at pro-union protests in Michigan...
'THERE WILL BE BLOOD'...
VIDEO: Angry mob ransacks tent...
Only 7% of Detroit 8th Graders Proficient in Reading...

COPS: Teens Ask for Smoke, Kill Woman When She Replies 'Get a Job'...

COPS: Woman Robbed By Man With Sword While Pumping Gas...

Californians packing up and moving out – to Texas!
State now spends 'most of its money on salaries, retirement payments, health care benefits for gov't workers'...

Jersey City Unveils 3-Story 'Eye In The Sky' Surveillance Tower To Help Police Fight Crime...

Monkey should have 'right to choose' where he lives...

12-10-12 STUCK...
Companies Race to Beat Tax Increases...
Obama has hired 101 new federal employees A DAY since taking office...

UNCHAINED: Foxx Jokes About Killing 'All The White People' In New Movie...
Nelson Mandela 'proven' to be a member of the Communist Party Telegraph.co.uk For decades, it was one of the enduring disputes of South Africa's anti-apartheid struggle. { The failed system of communism. Not surprising that a nigger would lache on to such where everyone’s ‘equal’; but, for no good reason, other than for party membership alone some are more equal than others. Well, close enough, but no cigar. After all, chimpanzees share a 98% identical DNA profile with modern humans; and, niggers share 99% (hence, that familiar simian look of the nigger. Interestingly, I must confess that I’ve more recently particularly, developed a well-founded aversion for and antipathy towards chimps, gorillas, oranguatangs and monkeys owing to the fact that they remind me of niggers! Niggers are a drag on civilized society! }

Execution-style shooting on busy Manhattan street...
Man Dies...
85-Year-Old Woman Savagely Attacked In Greenwich Village Elevator...

12-07-12 APOCALYPTO: Panic spreads ahead of Mayan prophecy... { As I previously have stated: No, the world’s not ending … this year … but, there’s just decades left at best! The Population Control Agenda Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any event. CNN: Your Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within 75 years. { 75 years? This world ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’ types, the bright side is that there will still be that desolate ‘third rock from the sun’; which, like ‘old man river’, will just keep rollin’ along (around the sun). } ] }
Russians stockpile...
Govt. borrowing 46 cents of every dollar it spends...
Feds Borrowing $4.8 Billion Per Day...
Boehner: President wants to 'slow-walk' talks, wastes another week...
'Deliberate strategy'...
Santelli: 'They Love to Fib About Statistics'...

12-06-12 7 DEAD, HUNDREDS INJURED IN CAIRO PROTEST...
ARMY ULTIMATUM: GET OFF STREETS...
PROTESTERS DEFY ORDER...

Zimmerman Sues NBCNEWS... { Truth be told, even some decades ago, while there to drop off some ‘paper’, I was somewhat shocked to see that almost an entire nbc corporate floor was almost all niggers! Maybe, as with the election, they were just afraid the niggers might riot. }
Made me into a Racist to Fix Low Ratings...
Furor over WVA high school's mandate that students stand for 'African-American National Anthem'... { The niggerization of america, no wonder america’s a nation in decline! }

Christie Meet$ With Obama as Sandy Aid Package Formed...

12-05-12 Income tax will exceed 50% in California, Hawaii, and New York City... Developing...
CHICAGOLAND: 'Godfather' Orders Mourners Searched, Patted Down At Gang Member Funerals...

DETROIT TO OBAMA: WE (THE NIGGERS AND SELF-LOATHING WHITES ET ALS) VOTED YOU IN, NOW BAIL US OUT...
Robbers Wielding AK-47s Terrorize Gas Stations...
Execution-Style Slayings Leave 4 Dead; Homicides Soar in City...

Men Busted For Tailing UPS Truck, Stealing Christmas Gifts...
Hundreds Of Donated Gifts Stolen From Church...
Baby Jesus goes missing...
Family robbed while decorating tree...
Thieves Steal 800-Pound Elk Statue!
UPDATE: Church Cuts 'Charlie Brown' Christmas Play After Backlash...
Lawsuit threat cancels holiday concert...

EAT THE RICH: 52% TAX RATE IN CA

GALLUP: 53% of Democrats Have 'Positive Image' of Socialism...

12-04-12 Israel accuses USA of inciting protests... { Riiiiight! Defacto bankrupt america that needlessly and foolishly bleeds real blood and treasure for israel is the culprit…Wow!…You can’t make this stuff up! }

Chevy Volt sales fall 50% after the election...

Thieves rip out all of the copper in Newark church...

Class Action Suit: Cash-Strapped NYC Rigged Red-Light Cameras In Money Grab...

WORLD'S OLDEST WOMAN DIES, AGE 116...

12-03-12 IT'S STARTING!
IRS ISSUES 159 PAGES OF NEW RULES
CUT THAT, TAX THIS

Christie seeks 100% federal government reimbursement for Sandy... NY, NJ, CT lawmakers seek $83 billion to cover cost of damage... { People should read the comments … the opposition are vehemently against a bailout for national drains (ie., wall street frauds, frauds, organized crime, corruption, etc.) new york/new jersey/connecticut. }
Nader: O Worse Than Bush... Nader: War Criminal Obama Worse Than Bush { I’d call it now a not too surprising tie! }

11-30-12 STUDY: American Households Hit 43-Year Low In Net Worth...

Debt Hits $16,306,713,000,000...

CA City Attorney Tells Residents To 'Lock Their Doors, Load Their Guns' Over Police Downsizing... { This is already good counsel for all of california in light of pervasive crime and egalitarian, politically correct attitudes hindering law enforcement! }

11-29-12 UN votes to recognize Palestine...

Detroit Mayor: 'We are in an environment of entitlement'...

BUYER'S REMORSE: OBAMA APPROVE DROPS TO 49%...

Sen. Sessions: Geithner 'Secret' Offer a 'Fantasy'...
Obama seeks new power to raise debt limit...

Yuma, AZ unemployment rate hits 29.8%...

WHY SO SECRET?
Obama's Dismal Record on Transparency...

11-28-12 Michigan Governor Won't Rule Out Dissolving City Of Detroit... { Sounds like a plan! }
Oakland Crime Rate Soars As City Loses Officers; 33 Burglaries A Day... { Ah, come on! Understand these disadvantaged … times are tough which makes the tough get goin’. I wonder how many are double-dipping? I bet they voted for O. }

NY, NJ lawmakers seek $80 billion to cover cost of damage... { People should read the comments … the opposition are vehemently against a bailout for national drains (ie., wall street frauds, frauds, organized crime, etc.) new york/new jersey. }

Fitch downgrades Argentina and predicts default...
EU Approves Bailout of Four Spanish Banks...

11-27-12 Bankrupt San Bernardino cuts $26 million, tries to stay afloat...

PEW: Public Gave Obama Re-Election Campaign 'C+'...
RICE ON ICE...
98% of black women age 18-29 voted for O...
HEARTLESS: Thieves Steal $3,000 Worth Of Christmas Trees From BOY SCOUTS...
SALVATION ARMY exec accused of trying to steal 100,000 toys...

Cops bust all-girl burglary gang...

PRAVDA: Obama 're-elected by illiterate society'... { Or ill something or other in addition to illiterate! To reiterate and quote Ron Paul: america’s far gone! http://albertpeia.com/obamberthemistake.htm }

11-26-12 DEVELOPING: CATALONIA VOTES TO 'BREAK WITH SPAIN'

PRAVDA: Obama 're-elected by illiterate society'... { Or ill something or other in addition to illiterate! To reiterate and quote Ron Paul: america’s far gone! http://albertpeia.com/obamberthemistake.htm }

UN EYES CONTROL OF INTERNET { Come on! The un can’t even do what they are supposed to do! Enforce resolutions as to some nations, not others … war crimes delineated for some nations, not others … then the corruption, wasted resources, etc.. They are the ‘uncompetent’ bent on destroying/controlling the viability of the important free flow of information! }

CHICAGOLAND: Two shot at funeral...

11-23-12 OWN IT: Top 5 States to be Hit Hardest by 2013 Tax Increases -- Supported Obama!
Debt expands to $16,253,547,000,000...

FEDS: 785,000 abortions in year...
4D scans show fetuses yawn in womb...

RAMPAGE!

'Gang fight' at Black Friday sale...
Man Punched in Face Pulls Gun On Line-Cutting Shopper...
Shots fired outside WALMART...
Shoppers smash through door at URBAN OUTFITTERS...
Customers run over in parking lot...
Woman busted after throwing merchandise...
Thousands storm VICTORIA'S SECRET...
VIDEO: Insane battle over phones...
Mayhem at Nebraska mall where 9 murdered in 2007...
Shoplifter tries to mace security guards...
Men Steal Boy's Shopping Bag Outside BED, BATH & BEYOND...
Heckler calls them zombies...

11-21-12 UPDATE: Judge approves Twinkie liquidation... { Alas, adieu sweet hostess. As a kid (as an adult as well but can’t afford those calories and haven’t had them in years), truth be told, though I liked twinkies with milk, preferably chocolate milk, I invariably opted for the cream-filled chocolate cake, chocolate iced (with the squiggle on top) hostess cupcakes; with plain milk, of course. The ‘golden-goose-killers’ strike again! }

Jesse Jackson Jr. quits Congress...
'Couldn't stop crying, couldn't give a press conference'...

11-20-12 Record Number of Americans Will Use Food Stamps For Thanksgiving...
FOOD PANTRY SEES 400% INCREASE IN DEMAND...

Federal Workers to Congress: Leave Us Out of Deficit Deal...

Obama's 'Constituency Groups' Checklist Offers No Options for Whites or Men?

CYBERGUERRE!
FRANCE ACCUSES USA OF HACKING

11-19-12 MOODY'S downgrades France bond rating, maintains negative outlook...

CHRISTIE CLOWNS ON 'SNL' AS RESIDENTS SUFFER...
'I have three kids and we have no power, no heat, for 13 days now'...

FL Hospitals to Cut Record Number of Jobs...

CHICAGOLAND: Doctor stabbed in WESTIN hotel bathroom...

Ron Paul: 'Secession is a deeply American principle'...

11-16-12 CIA's Talking Points Were 'Edited' to Play Down Terrorism...
Director Knew Immediately Al Qaeda-Linked Group Responsible for Benghazi...
... ELEMENT REMOVED FROM SUSAN RICE'S TALKING POINTS
FLASHBACK: What she said...
House women: Criticizing Rice 'racist, sexist'... { I’m still too niggered out for words! What a pathetic failed nation! }
Lawmakers shown video of envoy being dragged out...

SOCIALITE WHO BROUGHT DOWN PETRAEUS DINED AT WHITE HOUSE THREE TIMES THIS YEAR...
Air Force Base Scrub List of 'Friends'...

Ron Paul's farewell speech...
Declares Internet alternative to 'government media complex'...

11-15-12 JOBLESS...
INFLATION...
POVERTY...
RECESSION...

RADIO HOST CALLS FOR 'SECOND AMERICAN REVOLUTION'...
SECESSION MOVEMENT EXPLODES...

DENNY'S to charge 5% 'Obamacare surcharge' and cut employee hours...

Postal Service Loses Record $15.9 Billion...

11-14-12 SECESSION MOVEMENT EXPLODES...

Krauthammer: White House 'Held Affair Over Petraeus's Head' For Favorable Testimony On Benghazi...

Just days after election, Obama battles salacious scandals...
First press conference in months set for today...
POLITICO: 'Hard questions await'...

HAMAS: STRIKE 'OPENED THE GATES OF HELL'

11-13-12 Budget deficit rises to $120 billion in October...
...jumps 22%

Stocks continue post-election drop...
Faber: Prepare for Massive Market Meltdown...
Wealthy Dump Assets...

Chinese Yuan Hits Record High Against US Dollar...

Lawmaker asks to be paid in gold...

Starving Horses Serious Problem As Hay Prices Continue To Skyrocket...

HENTOFF: Obama win is Constitution's loss...

FOUR-STAR CIRCUS

General sent thousands of 'inappropriate' e-mails to woman who reported harassment by Petraeus's mistress...
FBI agent banned from probe after he 'grew obsessed' and sent her shirtless photos...
REPORT: Gens. Petraeus and Allen intervened in nasty child custody battle...
Petraeus personally investigated Benghazi attack...
Emails that touched off scandal described CIA director's movements...
Case Raises Fears About Privacy in Digital Era...

Hillary can't make House hearing on Benghazi; busy visiting friends, wine tasting in Australia...

MYSTERY: Broadwell's driver's license found in D.C.'s Rock Creek Park...
'I Had Access To Everything'...
Petraeus, mistress used e-mail trick employed by terrorists...

11-12-12 ABCNEWS: PETRAEUS COULD FACE CHARGES
'Bombshell story is just a smoke screen for something bigger'...
CIA Disputes Broadwell's Benghazi Comment...
Ghostwriter: 'I always wondered why he was granting her access that he did'...
FBI Agents 'Raid Home of Mistress'...

UPDATE: In 59 Philly divisions, Romney did not get A SINGLE VOTE!
Food Stamps Surge By Most In Year To New All Time Record; Delayed Release...

Feds to cut food stamps for poor in Ohio...

UPDATE: White House deluged with petitions for secession...
TEXAS GETS REQUIRED 25K SIGNATURES...

FLORIDA: Gas for $6.44 a Gallon...

11-9-12 OLIVER STONE: 'I find Obama scary'...

PETRAEUS RESIGNS OVER 'AFFAIR'

Was Slated to Testify on Benghazi Next Week...
'Timing Is Just Too Perfect'...
Lawmakers Considered Calling For Resignation In October...
FBI SPIED ON CIA DIRECTOR, WOMAN; EMAILS?

Dear Drudge: Stop the race {reality} stories { No, Drudge…keep the real news coming…though the chimps are incapable of shame, let others, facilitators all, feel the blame! }...

Assange: Obama a 'wolf in sheep's clothing'...

Obama Administration Shuts Down Oil Drilling Out West...
STOCKS FALL 3% SINCE RE-ELECT...

COMPANIES PLAN MASSIVE LAYOFFS AS OBAMACARE BECOMES REALITY...
Utah company fires 100, blames Obama...
CEO reads prayer to staff, announces layoffs...
Floodgates open on new health regs...

Clinton to Step Down 'Days' After Inauguration...
HOLDER EYES EXIT...

Obama Administration Shuts Down Oil Drilling Out West...
STOCKS FALL 3% SINCE RE-ELECT...

RECORD 70.4 Million Enrolled in Medicaid: 1 Out of 5 Americans...

NYC rations gasoline; expected to last weeks...
Man waits 30 hours for gas...
Liquor drought...
Prison For Displaced Victims?
Power Loss Tests Limits...
11 days after Sandy...
'Ready to snap'...
Nightmare in shelters...

11-8-12 RON PAUL: Election shows U.S. 'far gone'...

UPDATE: Man Beaten During Giants World Series Victory Celebration Dies...

Obama weeps again...

Record snow adds to woes in Sandy-struck region...
FEMA office on Staten Island closed 'due to weather'...
Despair deepens...
TAX HIT THREATENS VICTIMS...
Looting Reaches Epidemic Levels...
Gas Crisis Could Last Weeks...

11-7-12 WALL STREET ALARM...
Stocks 'cringe'...
'SUGAR HIGH' ENDS...

LIMBAUGH: 'I went to bed last night thinking we lost the country'...
HANNITY: 'Allure And Appeal Of Socialism Has Taken Hold'...
LEVIN: 'Unvarnished Truth' On Romney Loss...
SAVAGE: 'Our society is being turned into prison camp'...

California Votes for Higher Taxes...

OBAMA WINS 39% OF (SELF-DESTRUCTIVE, SELF-LOATHING) WHITES...

ANTI-OBAMA PROTESTS ESCALATE AT UNIVERSITY

Athens Erupts in Riots During Key Austerity Vote...

11-6-12 Election Judge Wears Obama Cap While Checking in Voters in Chicago Ward...

Obama Mural in Philadelphia Polling Place...
UPDATE: Judge orders mural to be covered...
Obama Poster Hanging in Florida Polling Station...

Black Panthers Return to Philly Polling Site...
VIDEO...
GOP poll inspectors being forcibly removed -- replaced by Democrats...
Judge issues order to reinstate...
CHAOS...

FINAL RASMUSSEN: R 49% O 48%...
FINAL BATTLEGROUND: O 47% R 47%...
Goeas: Romney 50.3%, Obama 48.8%...
R 40,454,933
O 39,423,072*
FOUR MORE TEARS

BIDEN: 'I'm Going To Go Back Home, Run For County Council Or Something'...
Who Wants A President Who Will Lie To You? Asks -- BILL CLINTON? { Well, we all know of the many crimes of clinton, we must forget his televised proven lie since he didn’t know what the meaning of the word ‘is’, is. Another psychopathic mental case rivaling wobama’s own psychogenic/dissociative amnesia. }

Rep. Jesse Jackson Jr. wins reelection -- from Mayo Clinic!

11-5-12 GALLUP: R 50% O 49%...
RASMUSSEN: R 49% O 48%...

NOONAN: IT'S ROMNEY...
Fred Barnes: Why Romney Will Win...
Romney winning independents 59%-35%...

Romney internal polls put him UP in OH, TIED in PA and WI...

'Thousands of ballots' unlikely to reach military voters in time...

GENERATION DEBT: Every American Under 18 Now Owes $218,676...
'Per Person Debt Now 35 Percent Higher than that of Greece'...
NY DAILY NEWS ENDORSES -- ROMNEY?

21 NEWSPAPERS SWITCH TO ROMNEY...
NY DAILY NEWS: 'Hopes went unfulfilled'...

FL: R 52% O 47%...
MI: R 47% O 46%...
VA: R 50% O 48%...
OH: O 49% R 49%...

Fearing Romney victory, EPA plans post election anti-coal regulation...

CBS releases even more unseen footage from Obama interview after Benghazi attack...

Obama, not-so-happy warrior...

Red-state Dems fight Obama drag...

Obama favored in his ancestral Kenyan village...

Romney draws huge crowd in PA...
500 retired generals, admirals announce support...
Obama Ignores Question About Storm Victims' Frustrations...
Fear of the Dark...
Con Edison Distributing Dry Ice...
FEMA Out Of Water, No Delivery Until Monday...
FREE FUEL FOR EVERYONE!
2-mile line on Staten Island...
CONFUSION: Gov't tells public to stay away until first responders fuel up...
Residents arm up: Bats, machetes, shotguns...
'It's Like The Wild West'...
'Anarchy in Queens'...
ODD-EVEN: NJ counties enact Carter-style gas rationing...
DICK MORRIS: Obama Hit By Storm Backlash...

MOTHER OF SEAL: 'I BELIEVE OBAMA MURDERED MY SON'...
Security officials on the ground in Libya challenge CIA account...
REPORT: U.S. considered moving Benghazi consulate month before deadly attack...
Papers blast president's response...
RUDY CALLS ON BARRY TO RESIGN!

FL: R 51% O 45%...

NYT: PA 'tilting toward Romney'...
MI: R 47% O 46%...
Candy Crowley: 'President Romney'...

PA POLL JOLT: O 47% R 47%

Bill Maher to Romney Supporters: 'Black People Like Vanilla Fudge Nut maher Know Who You Are and They Will Come After You'...
REPORT: Obama supporters step up riot threats...
Black pastor receives death threats after reversing support...
Black Americans still back Obama despite steep plunge in their economic fortunes...
SHOCK POLL: Minnesota a toss-up...

REPORT: NAACP Takes Over Houston Polling Station, Advocates for O {and are acting like the uncivilized, lawless niggers they are!}...

Service members purged from voter rolls in Florida...

30,000 turn out in Ohio for Romney...
Obama plays for just 2,800...
CLEVELAND 2008: 80,000; CLEVELAND 2012: 4,000...
Just 200 show up for event with Stevie Wonder!

11-2-12 ABCWASHPOST: R 49% O 48%...
RASMUSSEN: O 48% R 48%...

Campaign 2012
BARONE CALLS RACE FOR... Barone: Going out on a limb: Romney beats Obama, handily November 2, 2012 | 4:58 pm

'Let's Win This Motherfu**er!': White House Official Delivers Shock Speech...
ROMNEY HEADS TO PA!

POLL: 63% Want Obama 2nd Term -- in China...

OCTOBER UNEMPLOYMENT UP: 7.9%...
RATE HIGHER THAN WHEN OBAMA TOOK OFFICE...
Promised 5.2% rate by Oct 2012...
President Faces Voters With Highest Unemployment Of Any Incumbent Since FDR...
ROMNEY: 'Sad reminder economy at virtual standstill'...
Incomes Continue to Decline...
Long-Term Rate Rises to 40.6%...
Blacks to 14.3%...
Food Stamp Growth 75X Greater than Job Creation...

BIDEN: 'There's Never Been A Day In The Last Four Years I've Been Proud To Be His Vice President'...

Joe Biden: 'I'm Going To Take A Vacation'...

Entire Minneapolis Police Force Gets Death Threat After Gang Member Shot Dead...

Drivers Waiting 6 Hours For Gas in NYC...
Tempers Rise in Wake of Storm...
'Finding bodies left and right'...
Restaurant, hotel prices skyrocket...
CHUCK SCHUMER CONFRONTED: 'We Are Gonna Die!'
CRAIGSLIST: $15 a gallon...
Utility workers pelted with eggs...
Misery...
'We have nothing'...
Residents Furious RED CROSS Offering Cookies & Hot Chocolate, Not Blankets Or Clothes...
Jet Fuel Supply Fast Becoming Concern At Airports...
Staten Islanders Plead for Help: 'We Need Food'...
'Please don't leave us'...
VIDEO: Stranded New Yorkers Defecating in Apartment Buildings...
DIRE...
NJ counties enact 70s style gas rationing... Developing...

11-1-12 ABCWASHPOST:O48%R48%...

Republican National Committee alleges voting machine troubles in Nevada, other swing states...

Gas Shortages May Not End for Another Week...
Fear Turns to Frustration, Anger...
Fistfights, Guns Drawn...
'You're not getting gas tonight'...
Lines grow...
Some Siphoning From Cars!
'I'm pretty pissed'...
Troopers deployed to gas stations...
Stars throw extravagant Halloween party despite destruction...
Commuter Delays Rage...
NYC Official: Red Cross 'Absolute Disgrace'...
Looters Dress Like Con Edison Workers to Gain Access to Houses...
Staten Islanders Plead for Help: 'We Need Food'...

OBAMA LEFT THEM BEHIND: HUNGRY DUMPSTER DIVING IN NYC

BLOOMBERG PLAYS POLITICS WITH SANDY; ENDORSES O AS 'CLIMATE CHANGE' LEADER...
State Dept never called for military back up...
BUCHANAN: Hillary's head should roll...

New ADP Count Slashes Job Creation for September...

NY state asks feds to cover all $6 billion in storm costs... { Between wall street frauds/bail outs, outright theft from the new york fed, etc., in the trillions, what a national drain new york is! }
Tempers flare in NJ city where thousands stranded...

DAILY CALLER: Women claim Sen. Bob Menendez [D-NJ] paid for sex in Dominican Republic...
VIDEO...
'We're not going to respond'...
FLASHBACK: Senator Called for Secret Service Agents to be fired over prostitution scandal...

Republican National Committee alleges voting machine troubles in Nevada, other swing states...
James Baker: 'Not Entirely Unlikely That We Might Have A Recount'...

10-31-12 DICK MORRIS: Here comes the landslide...
Romney Campaign: The Fundamentals Favor Us...
Rove: Sifting the Numbers for a Winner...

Denver Dem Mayor Goes To Wisconsin And Says Obama Getting Beat In Early Voting...

New ADP Count Slashes Job Creation for September...
OHIO: MORE VOTING PROBLEMS AS BALLOT CAST FOR ROMNEY COMES UP OBAMA...

Congress steps up demands for info on Benghazi attack...
White House dodges...
FACEBOOK Censors Navy SEALS to Protect President...
'The mysterious media Benghazi bugout'...
Hannity on WH Audio Tapes: 'I've Heard They Are Damning'...
WASHPOST: 'LINGERING QUESTIONS'...
LENO: 'Don't ask, don't tell is back ... Obama's new policy for questions about Libya'...

REPUBLICANS HAVE WON EVERY NOV 6TH PRESIDENTIAL ELECTION SINCE 1860...

Dianne Feinstein: No need to debate Republican opponent... { Riiiight! Things are going so swimmingly (as in drowning) for the nation and california particularly. Actually, I responded to a ‘generic’ email / facebook request from her with my subsequent request that she help to elicit a formal response from the FBI as promised regarding the RICO matters (the other incompetent, failed perrenial senator barbara boxer actually had ‘made her presence known’ in the corrupted process regarding usdcj matz/lester and the default of the u.s. which missed the filing date which error was compounded by the misstatement of the rule in court on the record by asst. us attorney robert i. lester); but, no response... http://albertpeia.com/selfdefense.htm [ One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own direct experience; viz., america’s ‘legal system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and essentially run by the inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money poured into the ‘federal system’, there’s relatively/proportionately very little real significant results (an example would be the brutalizing of Martha Stewart over a $45 thousand transaction while wall street frauds in the trillions by the biggest players have gone unprosecuted). I believe reasonable diligence requires self-reliance more than ever before in this nation’s history; particularly when political correctness in some states prevents calling a spade a spade to the substantial detriment of law enforcement! ]

11-5-11 Dear Congresswoman Roybal-Allard:

The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:

‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’

Sincerely,

Albert L. Peia

America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm

Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

, Guest Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words! It’s been my direct experience for quite some time now and is quite a pathetic scenario! } Legal precedent means nothing. Rule of law means nothing. Free speech means nothing. Their own treaties mean nothing. It’s unbelievable. Anyone in the west who honestly thinks he’s still living in a free society is either a fool or completely out of touch. If that seems too radical an idea, consider that ECUADOR is now the only nation which stands to defend freedom and human rights against an assault from the United States, the United Kingdom, and their spineless allies. The west has just become a giant banana republic. Have you hit your breaking point yet? If not now… when? { { I’m really constrained to interject my own direct experience with the FBI here; and, I must say I do so lamentably. If you want no real results vis-à-vis organized crime which now extends to the upper reaches, highest levels of the corrupt u.s. government, go to the FBI. I discounted the new jersey FBI as just typical corrupt, mob infested jersey which thinks in terms of discos/casinos. But, truth be told, they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe their (understated) crime stats for even a second. I’m beginning to feel foolish for having even put my full faith and trust in them, much less the ‘federal (judicial) system’ who share the ‘same employer’; and, despite my antipathy for the mob, probably would have fared ‘more fairly’ with the mobsters directly who seem to have at least some sense of the magnitude of the fraud involved and the pervasive corruption of the system and government and maybe a semblance of honor in this nation of protracted decline. It never would have occurred to me back when for me, such a choice/decision was clear-cut and simple. Such a course as mine I no longer could recommend inasmuch as there is little difference between state/government sponsored crime/corruption and that perpetrated by other criminal elements, from my direct experience with both, infra: Debauchery: An American specialty In the land of Lindsay Lohan and Snooki, some federal workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the properties in my proceedings for which surplus funds are unaccounted for was a top floor balconied 2 bedroom 1 and 1/2 bath condominium (beach/boardwalk front w/indoor pool/sauna) in seaside heights, n.j. –10-31-12 Post Sandy: I’m wondering if it’s still there. ). But debauchery an american specialty? Another rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics held close to vest EXCLUSIVE | Documents and interviews show FBI and Justice Department officials took steps to control information uncovered by a task force designed to examine cases involving discredited agents. Many defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution, one way or the other, concerning the RICO matters which have been systematically and corruptly covered up by the government (executive, legislative, and judicial branches of the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the level and extent of corruption and criminality within the ranks of the u.s. government before embarking upon this costly quest for justice and simple fairness consistent with clear law (infra, regarding the u.s. government’s direct involvement in the illegal drug trade). In this civil RICO matter, there are no innocent bystanders; but rather, perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned to this matter (Connecticut) abruptly resigned/retired shortly after a conversation, though not central to my case, wherein I had said that rudy giuliani’s father had been an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?) and then sent him documentation owing to his disbelief. Though ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’ (the documents including sworn statements delivered to then u.s. attorney sam alito’s office in the same building disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf   . We all can infer sam alito’s reward / quid pro quo for his cover-up by his current position on the u.s. supreme court.  There was never a question as to maryanne trump barry’s interest in corrupting the judicial process as related to her brother’s (trump) casinos. Jersey city boy louis freeh, labeled by former Prosecutor Larry Klayman as the most corrupt FBI director ever (see infra, mueller seems no different, and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently covered up the RICO violations as sent to him, and, with italian citizenship and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and confirmed same as indicative of (drug) money laundering was transferred shortly after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe it based on my own experience and reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.

10-30-12 GALLUP: ROMNEY UP 52%-45% AMONG EARLY VOTERS...

REPORT: GOP voting tsunami coming...

POLL: Obama dominates Romney -- in Russia...

Romney suddenly plunging onto Democratic turf...
MSNBC Ridicules Romney for Collecting Food, Supplies for Sandy Victims...

FACEBOOK Censors Navy SEALS to Protect Obama on Benghazi...

Michael Moore/MoveOn.org: We will burn this motherf*cker down and c*ck-punch Romney...

THE MORNING AFTER
PHOTOS: SHOCK AND AWE...

DEATH TOLL CLIMBS ABOVE 45...
Northeast airports, transit systems slowly start moving again...
Crippled NYC subways could hamper recovery...

10-29-12 ELECTION PROJECTION: R 52% O 47%...
GALLUP MONDAY: R 51% O 46%...
OH: R 50% O 48%...

MN: O 47% R 44%...
GALLUP: Obama's Job Approval Drops 7 Points in 3 Days...
Adopts tone of challenger...
DES MOINES REGISTER Endorses Romney...
OLIVER STONE RIPS PREZ: 'Took bad situation, made it worse'...

CHICAGOLAND: 435th Homicide Matches Total For All Of 2011...

Romney hits auto bailout as CHRYSLER moves Jeep production to China...
OBAMA: 'Hurts my feelings the most'...
Report: FIAT now says Jeep may move to Italy...

Vandal Keys 'Obama' Into Cars Of Residents Supporting Romney...
Large Amounts Of Nails Dumped In Parking Lot At Tea Party Rally...
Church sign defaced...

Madonna booed after touting Obama during Concert...

REPORT: Obama camapign takes money from 'Osama bin Laden'...

Water Level at Battery Park Reaches 11.25 feet, Surpassing Record Set in 1821...

Gangs Plan Hurricane Looting Spree Via TWITTER...
CT Gov. Closes All State Highways: 'Most Catastrophic Event We Have Faced In Any Of Our Lifetimes'...
'People Are Going To Be Fighting In The Streets Over Gasoline, Food'...
NATIONAL GUARD DEPLOYED...
UPDATE: 9,000 Flights Cancelled...
ANOTHER BLOW DAY: Federal offices in DC shut down again...

10-26-12 Absentee ballots sent to U.S. military serving in Afghanistan 'destroyed in crash'...
Romney seizes on sluggish growth figures...
Burning through O's 'firewall'...
Desperation? White House Considering New Tax Cut...
R 51% O 46%...
R 50% O 47%...
R 49% O 48%...
Bust of Barack Obama's head -- made of butter! -- tours the streets of Chicago...{ And not vice versa (as in that far from reality fairy tale vis-à-vis the big Cats: the Tigers say, ‘No Way!’) as (b.s. black) sambo(bama) is goin’ down (deservingly so) for the count! }
REPORT: Vanloads of Somalians driven to the polls in Ohio... { ‘Is voter fraud being committed in Ohio?..According to the Somali Community Association of Ohio’s web site, over 45,000 Somalis live in Ohio. Only 40 percent have become citizens of the United States, and only 25 percent speak English well enough to get a job..’ …Yes, they are typical dumb niggers for wobama! }

KRISTOL: Petraeus Throws President Under Bus... {Oh, right! Petraeus doesn’t fall on his sword and sacrifice himself for the incompetent liar in chief called ‘0’ as did hillary clinton; so somehow in some twisted way that becomes Petraeus’ fault.}

Senators demand White House declassify Libya video...
CIA OPS 'DENIED HELP' THREE TIMES DURING BENGHAZI...
Father of Slain SEAL: Who Made the Decision Not to Save My Son?

OBAMA DODGES DURING LOCAL TV INTERVIEW...

In Iowa, disappointment with Obama runs deep...

Iconic NY Steakhouse 'Gallagher's,' Which Survived Great Depression, Is Closing...

Taxpayer-funded 'green' company investigated for fraud...
AUDIT: Green jobs stimulus program had 16 percent success rate...
Over $60,000 in Welfare Spent Per Household in Poverty...

Historical treasures missing from National Archives...{Yeah…time to check Fort Knox, New York Fed ($4 trillion already previously has been reported missing).}

10-25-12 Romney signs, American flags torched in veteran's yard... { Terrorists at work for wobama! }
R 50% O 47%...
R 50% O 47%...
R 50% O 47%...

MI: O 47% R 47%...
DETROIT NEWS endorses Romney...

Wisconsin company announces layoffs ahead of Biden arrival...

October Sets New Record For Disability Claims: 8,803,335 Collecting Benefits...

SHOWDOWN! TEXAS VOWS TO ARREST UN ELECTION 'OBSERVERS' { Yeah, the u.n. has the stand-in role for the wobama/holder-protected black panthers as pro-o intimidators.} ...

Father Of Slain SEAL: Obama 'Could Not Look Me In The Eye...Like Shaking Hands With Dead Fish'...

Video snags Dem boss in vote fraud...
Son resigns...

'HE'S A BULLSHITTER'... { Yes, obama is an incorrigible b***s***ter! He’s gotten by on b***s*** and special nigger consideration his entire life. He is a total embarrassment! } ‘Four years after he was elected as a self-described 'hopemonger' promising a new post-partisan era, President Barack Obama is trying to claw his way to re-election with an ugly, divisive campaign in which he is playing the role of fearmonger-in-chief…’ { He’s a desperate, failed megalomaniac who is also a pathological liar along with other mental issues/troubles ( WH: 'We Decline to Comment' on When President Learned of E-Mails... ) Obama's Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so weird?  { Why? Because in, ie., O’s case, he is weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative amnesia that works well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies of stark reality. People owe themselves and their children more than this grifter’s con which in numbers measures more than the increased deficits of all the presidents since President General Eisenhower combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office" ZeroHedge.com Tyler Durden { Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }

Did the final presidential debate do anything to influence who you will support in ... NBCNews.com  { The following comment is correct. The other aspect is that people are seemingly pathetically ignoring that O’s last 4 years have been an abject, utter failure in spectacularly unprecedented fashion. A sad commentary on the state of the nation when such blatantly clear reality is ignored by so many, including those who should know better.} ‘Obama has told no truth in 4 years. He can't wave his hand and ignore sequestration. We need a leader not a liar. Romney is our only choice.’

10-24-12 O Booed at university's Military Appreciation Day football game...
RASMUSSEN: R 50% O 46%...
GALLUP: R 51% O 46%...
R 50% O 46%...
R 50% O 47%...
R 49% O 48%...
R 47% O 46%...
OHIO: R 48% O 48%...
MI: O 47% R 47%...
Fmr Dem Chair: CO 'Worst Swing State'...
Romney, Ryan draw massive crowds in Colorado...
GOP moves into Wisconsin...
Emails detail unfolding Benghazi attack on September 11th...
6:07 PM 9/11/12: 'Ansar al-Sharia Claims Responsibility'...

HE KNEW

Obama challenges press to find flip-flops -- and they do...
Woodward: President 'mistaken' on sequester...

Clint: 'Second Term Would be Rerun of First'...

Chicago Store Owner Labeled Racist For Anti-Obama Signs...
Police: Black Woman Lied About KKK Setting Her On Fire...

Obama Has Massive Lead -- in Other Countries...
TRUMP TO OBAMA: Release college, passport applications, I'll donate $5 million to charity of choice...
Goes bust on TWITTER...
ALLRED MET OBAMA TWO WEEKS BEFORE 'OCTOBER SURPRISE'
ALLRED HITS DEAD-END IN ROMNEY DIRT DIG?
2ND HEARING SET...

SURPRISE: Feds sue BANK OF AMERICA...

10-23-12 RASMUSSEN: R 50% O 46%...
GALLUP: R 51% O 46%...
POLLS: ROMNEY TAKES LEAD IN FAVORABILITY...

VIDEO: Romney Wins CBS Focus Group In Ohio...

With two weeks to go (feet to the fire), president releases second-term plan (Sounds like a … non-plan; after all, what has wobama ever said/promised in a campaign that’s come to fruition … right!… 0 as in zero as in O..bama) ...

STOCKS ROCKED: DOW -200...
Obama Supporters Continue Threats To Riot, Assassinate Romney... { Tweets Reveal Obama Supporters Fueled by ‘Racial Hatred’ Paul Joseph Watson | Chris Matthews gets it wrong again. (Indeed he does!) }
MSNBC crowd boos 9-year-old girl for supporting Romney... {Oooooh! Wobamanoids are so effective in targeting the ‘opposition’!}
Son Of WI State Senator Attacked Protecting Romney/Ryan Sign... ...
5-year-old girl raised by monkeys... [ Come on … leave wobama’s daughters out of this……….. my payback (Do not talk to President Romney that way!) for President 'insulted, patronized, mocked' his opponent... What can wobama say? He has but a record of abject failure to run on! And, the record IS unequivocally utter failure! All the choom fantasy, fellow nigger intimidation and threats will not change that fact! ]

10-22-12 GALLUP MONDAY: R 51% O 45%...

GALLUP: R 52% 0 45%...

CO: R 50% O 46%...

Image of Romney crops up in Iowa farm field...

Chavez, Castro, Putin ( among others in the ‘pro-america’ block ) endorse Obama...

ISSA TURNS UP HEAT ON SEBELIUS...

FABER: Cut US Govt. By 50% Now!

PAPER: Obama's Blind Eye to Illegal Donors...

Taxes go up in 2013 for 163 million workers...

Man busted for throwing pennies into Dem HQ; 'All he has left after being taxed by Obama'...
SIMON: Should Obama Resign Tonight?
International (pro-obama) monitors to watch US elections...
Obama Campaign Borrows $15M from Bank of America...
Gov't Foreign Debt Now $47,495 Per Household...
$10,090/Household Owed to China...
{ Nigger Terrorist at Work Mass Shooting At Brookfield Square Mall In Wisconsin Submitted by Tyler Durden on 10/21/2012 Breaking news of a mass shooting at the Azana Salon and Spa at the Brookfield Square Mall. Details still scarce but at least 4 people reported wounded and 3 more patients expected, emergency responders are on the ground, and the mall has been put on lockdown. The shooting suspect, who is said to have used a machine gun, is still at large. Updates via @USEmergAlerts: BROOKFIELD SQUARE | U/D SUSP BLACK MALE 6'1" 270 LBS. BALD. BROWN EYES U/D BPD RQST A MILWAUKEE SWAT TEAM & FLIGHT FOR LIFE IS ALSO LANDING AT THE NE CORNER OF BROOKFIELD SQUARE | UEA555 }

Son Of WI State Senator Attacked Protecting Romney/Ryan Sign... ...

10-19-12 REALCLEAR MAP: Romney takes first lead in electoral college...
Closing 26-point gap, Romney's favorability rating tops Obama's for first time...
PA SHOCK POLL: R 49% O 45%...
VA: R 50% O 47%...
FL: R 51% O 46%...
GALLUP: R 51% O 45% (10-19-12)...

Lifetime Democrat Lee Iacocca Endorses Romney...

Jesse Jackson Jr. may return to Mayo Clinic...
Off campaign trail since June, checks still paid to wife's consulting firm...
Has spent $110,000 since Rep dropped off...

CHICAGOLAND: Pack of Teen Girls Arrested For Armed Robbery...

10-18-12 GALLUP: R 52% O 45%...

PA SHOCK POLL: R 49% O 45%...

WELFARE SOARS 32% IN 4 YEARS...
Now costs $1,030,000,000,000...
Jobless claims rise most in 4 months...
Obama DOES Have Investments In Cayman Islands Trust...
... and has a bigger pension than Romney!
Under president, for every $7 brought in by gov't, $11 spent...
REALCLEAR MAP: Romney takes first lead in electoral college...

{ Any state that President Romney doesn’t carry is going to suffer! }

NC: R 52% O 46%...

OH: O 49% R 48%...
MI: O 44% R 41%...
WI: R 49% O 48%...
R closes 11-point gap in just two weeks...
O Brags About His Appeal Among Toddlers (sure…them among other young people who don’t understand how big a failure 0 is and how substantially he’s screwed them and the nation for years to come!)...

OBAMA ON COMEDY CENTRAL: 'WHEN FOUR AMERICANS GET KILLED, IT'S NOT OPTIMAL' [ 0’s such a joker/failure/joke! ]

Violent crime jumps 18%, first rise in nearly 20 years...

10-17-12 GALLUP: R 51% O 45%

DICK MORRIS: Romney won the second debate...
Threats to Assassinate Republican Romney Explode on TWITTER After Debate...

REPORT: White House contradicts president's statement on Benghazi terror attack...

Despite Pledge of Open Government, Obama Prosecuting Whistle-Blowers as Spies...

'When I Was President'... { Indeed, past tense for O and more than a Freudian slip as he heralds in new President Romney, writing on the wall though noit his teleprompter!
CAUGHT ON TAPE: Michelle O Broke Rules, Clapped During Debate...
'On Nov. 7, We're Going to Party Hard'...

U of Colorado Study: 77% likelihood Romney wins popular vote...

Record High Enrollment for Food Stamps: 46,681,833...

FOURNIER: Verdict Uncertain...
TREAT: Candy gives Obama 9% more time...
TRICK: Candy 'Throws the Flag'...
CANDYLAND: Romney was 'right in the main' on Benghazi, but 'picked the wrong word'...
Another debacle for America's media...
Reporters applaud Obama's slam on Romney's wealth...
Pelley: 'Most Rancorous Debate In History'...
'Nauesating'...

Reporters Get Drunk at Debate...
LUNTZ GROUP: BIG SWING...

A Frank Luntz focus group made up mostly of former Obama voters say they now support Mitt Romney.
"Forceful, compassionate, presidential," one participant said.
"Confident and realistic," said another.
"Presidential," another told Luntz.
"Enthusiastic," another reacted.
"Our next president," one man said.
"Dynamo, winner," said one more.
"He's lied about everything. He lied to get elected in 2008, that's why I voted for him. I bought his bull. And he's lied about everything, he hasn't come through on anything. And he's been bullshitting the public," one member of the focus group said.

Farrakhan's Fiery New Warning to USA: 'Every Plague Written in Koran is Going to Come to Pass'... { farrakhan’s really only talking about (all plagues rolled into) one plague; viz., the plague of the nigger which is extant despoliation wherever the niggers are, in the worst sense! Yes, they are the other, more nefarious black plague! }

Violent crime rises sharply... ‘6:53PM EDT October 17. 2012 - WASHINGTON — The violent crime rate went up 17% last year, ending a general decline in violence that began nearly 20 years ago, according to a new federal survey of crime victims.The Justice Department's National Crime Victimization Survey also found an 11% increase in the rate of property crimes, including household burglaries and car theft.’ { Come on! Perenially understated, these understated crime numbers don’t even take into account ‘protected/unprosecuted’ wall street frauds/crimes in the trillions. And, how about those fed paper bucks that ‘fell off the fed trucks’ even just recently; kind of like those 360 tons of $100 bills ($12 billion) flown into Iraq that just ‘disappeared into thin air, etc.. }

Driver Doesn't Stop For 8 Blocks As Men ( two niggers ) Viciously Beat Woman On Public Bus...

Greece faces anti-austerity shutdown as EU meets...
'In depression'...

10-16-12 GALLUP: R 50% O 46%

Ross Perot endorses Romney...

GALLUP: WOMEN TURNING AWAY (from MO O)...
'Stunning He's ( obama) in Politics, Because He Really Doesn't Like People'...
TONIGHT'S DEBATE 'DO OR DIE' FOR OBAMA...
Questioners Face $4,492 Tax Increase Next Year...

BUCK STOPS WITH ME: HILLARY TAKES BLAME...
Pins confusion on 'fog of war'...
Hillary Clinton to Obama in 2008: 'The Buck Stops In The Oval Office'...

Dem Political Signs Scaring Away Customers in VA...

Camp O attacks GALLUP again...
Jesse Jackson Jr. Speaks: 'Not well'...
Thought he was 'reincarnated chariot driver'...

Battery maker with $249 million in taxpayer cash goes bankrupt...

CEO touted 'green jobs' in Rose Garden...

STATE DEPT: Negotiations to keep troops in Afghanistan past 2014...
FLASHBACK: Biden: 'We are leaving in 2014. Period'...

GOV'T STUDY CONFIRMS 'GAYDAR' EXISTS, 60% ACCURATE... http://albertpeia.com/governmentwaste.htm
Coburn calls Senate cohorts biggest waste in government...

10-15-12 GALLUP: WOMEN TURNING AWAY { A new USA TODAY/Gallup Poll of the Swing States shows Mitt Romney with a lead among likely voters as he strengthens his standing with women in the nation's top battlegrounds. }

New Threats to Riot if Obama Loses Election... [ The threats alone are a reason sufficient for backing President Romney. If left unchecked, the nigger terrorists will be even further emboldened to their already egregious criminal, terroristic ways. No man, woman, or child will be safe if the lethal black cancer grows. The 4 years of O have been complete, utter failure and no amount of wobama b***s*** and nigger intimidation can change that fact! Quite simply, niggers are inherently criminal terrorists: Examples of what people are saying include the following;

“If obama dont get re-elected & romney wins .. on life every white persons getting pistol whipped and im startin a riot.” (SOURCE)

“If Obama don’t win lets start a riot so Romney know what he’s getting himself into.” (SOURCE)

“You know you ain’t shit if you gotta “MAKE” Mafukas vote for ROMNEY ! …. Mannnn OBAMA better get back in office . Or BLACK FOLKS will riot.” (SOURCE)

“If Romney wins im goin on a rampage.” (SOURCE)

“If Mitt Romney wins the election I think its our duties as Black folks to riot and fuck shit up.” (SOURCE)

“If every action IS met with an equal and opposite reaction ..what should workers do to employers if Romney’s elected? #Riot in the streets!!” (SOURCE)

“If Romney becomes president let’s all start a riot.” (SOURCE)

“I Heard Mitt Romney , Tryna Take Away Food Stamps , If He Do .”IMA START A RIOT , IMA START A RIOT.” (SOURCE)

“If romney wins, imma start a mf’n riot! Rns.” (SOURCE) ]

[ Will The Election Results Cause Massive Riots To Erupt All Over America?
http://theeconomiccollapseblog.com http://albertpeia.com/massiveriotsinamerica.htm { Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm } ]

Farrakhan warns forces trying 'to keep America white'... { Another nigger threat! }
CHICAGOLAND: For second time, grandmother learns a grandson is shot to death...
5 dead, 25 wounded over weekend... { Just another day in niggerland! }

10-12-12 CAMPAIGN FREAKOUT!
OBAMA LOCK UNDER 10 STATES
As Election Day nears, Romney crowds are surging...

Geithner defends (indefensible) O as deficit again tops $1 trillion...

China's yuan hits record high against dollar...
BIG BANK SCORES RECORD PROFIT!
Fed Money Pumped It Up...
WYNN: My Employees 'Filled With Anxieties These Days'...
'Every Business Guy I Know Is Frightened Of Barack Obama'...
Biden claims he voted AGAINST two wars he voted FOR...
REPORT: 'Fast and Furious' Whistleblower Fired in DENNY's Parking Lot...
PAPER: Feds now probing suspicious activity in Rep. Jesse Jackson Jr. finances...

UPDATE: Hezbollah drone may have been sent to monitor Israel's nuclear facility...
Shot Fired Through Window at Obama Campaign Office in Denver...
Will The Election Results Cause Massive Riots To Erupt All Over America?
http://theeconomiccollapseblog.com http://albertpeia.com/massiveriotsinamerica.htm { Ah, yes, says the optimist who sees the opportunity in every calamity and not vice versa. Indeed, President Romney’s election based upon american people’s survival instincts and an awakening from the wobama b***s*** slumber of decline will provide the opportunity to incarcerate the niggers who will use such as an excuse to do what they’re inclined/predisposed to do anyway, and in one lawless form or another, are already doing. Prison or sub-saharan Africa are the only places suitable for niggers. Let no man, woman, or child fall prey to their intimidation and uncivilized violence! http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }

Former Aide to Armstrong Talks of Doping... [ ‘…In short order, however, it became clear to Ms. O’Reilly that her tasks with the team would hardly be limited to kneading leg muscles and doing laundry. In an interview this week, Ms. O’Reilly said she became a regular player in the team’s doping program, one that investigators have charged took on its most sinister and far-reaching dimensions with the arrival of Lance Armstrong in 1998. Ms. O’Reilly, then not yet 30, said she wound up transporting doping material across borders, disposing of drugs and syringes when the authorities were lurking, and distributing performance-enhancing substances to the team’s riders whenever they needed them…’ ] Teammates turn on Armstrong... 26 testify... { So much for the atheist armstrong; what a total fraud! Kind of like that other armstrong american fraud; the late, but not great, moony armstrong! }

10-11-12 FLORIDA: R 51% 0 44%...
Biden, Ryan at each other on everything...
TENSE...
CNN POLL: R 48% B 44%...
Chris Wallace: I've never seen a candidate as disrespectful as Biden...
Borger: Came Off As Condescending...
Hume: 'Cranky Old Man'...
Noonan: 'The old man pushed, and the kid pushed back'...
Biden Interrupted Ryan 82 Times?
RNC AD: THE LAUGHTER...
REALCLEAR MAP SHOWS SHIFT...
OOPS: 'One large state didn't report some quarterly figures'...
SURPRISE: Jobless claims plunge...
Officials don't ID mystery state...
Biden contradicts State Department on Benghazi security...
Romney meets with Rev. Billy Graham...
'I'll do all I can to help you'...
Hungarian-born billionaire buys airtime to warn against socialism...
Carlos Slim, World's Richest Man, Gets Richer Supplying 'Obamaphones' To Poor...

10-10-12 R 49% O 44%
CAN HE GET THEM BACK?
10-11-12: Ryan prepares to take on Biden...
70 million watched VP debate in '08...
Commission dismisses Raddatz-Obama connection...
Conflict of interest?
Obama Defends Debate Performance: 'I Was Just Too Choomed Out, Nothing to Say'...
Campaign tries to quell panic...
Dems frustrated by 'Big Bird' turn...
Unions struggle to help...
Jack Welch: I Was Right About That Strange Jobs Report...
Ohio Obama Rally Features Rap Rendition of 'Sesame Street' Theme Song...
ROMNEY: 'You have to scratch your head when president spends week talking about 'Big Bird''... { Indeed! But, don’t scratch too hard; after all, what else can he talk about? He can’t talk about his record of unequivocal failure. He can’t talk about broken campaign promises (that would take ages). And, he can’t talk about solutions to the nation’s problems … because he has none which he has proven in 4 wasted, failed years. Moreover, wobama’s absolutely clueless as to what to do to solve the nation’s substantial problems, some caused/exacerbated by his own incompetence and failure. }
Mother of Slain State Dept. Official Tired of Being Lied To and Stonewalled by Obama Administration...
Spain Downgraded to One Level Above Junk...
PAGLIA: FORGET OBAMA, I'M GOING GREEN PARTY...
REPORT: 'Most sophisticated, professionalized and successful doping program that sport has ever seen'...
Teammates turn on Armstrong...
26 testify... { So much for the atheist armstrong; what a total fraud! Kind of like that other armstrong american fraud; the late, but not great, moony armstrong! }
CEO explains memo threatening layoffs if Obama re-elected...
FEDEX to cut thousands from workforce...
FACEBOOK Fought SEC to Keep Mobile Risks Hidden Before IPO Crash...
STATE DEPT SPINS NEW TALE ON BENGHAZI ATTACK...

10-9-12 POLL: Romney leads in 11 swing states...
Takes lead in OH...
PA, WI, MI close...
Biden Has Not Sat for On-Camera Nation TV Interview in 5 Months...
CEO Threatens to Fire Employees If President Is Reelected, Raises Taxes...
Chain Cuts Workers' Hours over Obamacare...
Steve Wynn Slams Obama: 'I'll Be Damned If I Want To Have Him Lecture Me'...
Ohio Obama Rally Features Rap Rendition of 'Sesame Street' Theme Song...
ROMNEY: 'You have to scratch your head when president spends week talking about saving 'Big Bird''...
PANIC: Romney signs in VA defaced, stolen and smeared with excrement...
VIDEO...**WARNING: GRAPHIC LANGUAGE**

10-8-12 GALLUP: 5-POINT ROMNEY BOUNCE...
PEW: 18-point shift among women...
POLL: Romney leads among independents 51-35...
'Enthusiasm' gap 13-point spread for Republican...
R closes gap in Michigan...
R 49% O 47%
University of Colorado: Updated election forecasting model still points to Romney win...
PAPER: Why Obama's campaign is falling apart...
SULLIVAN: SOS OBAMA
VEGAS REVIEW JOURNAL ENDORSES ROMNEY...
Romney casts Obama's foreign policy as weak, dangerous...
MILITARY TIMES POLL: R 66% O 26%...
BOUNCE: R 49% O 47%
8-point shift for Romney in Colorado...
Romney raises $12 million in 48 hours...
OBAMA RAISES $181 MILLION IN SEPT -- JUST 2% OF DONATIONS REPORTABLE...
Super PAC Donor on Obama: 'Looks Like He Took My Million and Spent it All on Weed'...
TEAM OBAMA BLAMES JOHN KERRY FOR DEBATE LOSS...
Man Tells Obama: Business 'Terrible Since You Got Here'...
NH voter: ‘O Couldn't run a lemonade stand'...
SNOOP DOGG TWEETS 10 REASONS NOT TO VOTE FOR ROMNEY...
'He a white n****'...
'Bitch I will beat the sh** out of you'...
Police Union Warns 'War-Like' (nigger-town) Detroit Unsafe For Visitors...
Hands Out Flyers: 'ENTER AT YOUR OWN RISK'...
GAS PRICES SET RECORD IN CA

10-5-12 BOUNCE IN POLLS:
R PULLS AHEAD IN VA...
R +3 IN FL...
R +3 IN OH among those 'certain' to vote...
REALLY! 7.8%
Total employment 'highest one-month jump in 29 years'...
Welch: President manipulating numbers after debate performance...
BLS economists donate to Obama campaign?
Rate Plummets to 4.3% -- For Govt Workers...
Report met with suspicion...
ROMNEY: Rate more like 11%...
OBAMA: Can't turn back now...
SEPT. EMPLOYMENT: +114,000...
Aug. number revised to +142,000 -- from +96,000...
Welch: Obama manipulating numbers after debate performance... { There are some people (and their assessments) that you might dismiss as light-weight partisans… Jack Welch is not one of them! Indeed, among the rarest breed historically of exceptional american CEO’s, Welch points to the folly of preposterously a month before elections, on paltry/pathetic jobs numbers ( election year temp/part-time for manipulating stats along with the nebulous ‘stopped looking’ fudge factor) , following a disasterous debate showing (of wobama failure and incompetence), the unemployment rate falls to just below the ‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is tantamount to the obama 100% employment fantasy where literally everyone but him has stopped looking for work and hence, not counted in compiling the unemployment rate (and then those jobs in the millions lost and gone forever on his watch - what a banana republic!). Come on, wake up!: JACK WELCH: OBAMA IS MANIPULATING THE JOBS NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS AWFUL…UNBELIEVABLE JOBS NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T DEBATE SO CHANGE NUMBERS. }

10-4-12 SKYFALL
RATTLED, O GOES ON ATTACK...
BUCHANAN: Romney: Best debate performance in 52 years...
John Sununu calls Obama 'lazy and detached'...
FLASHBACK: 'There's a laziness in me'... { Of course O’s lazy…niggers are lazy…that’s just the way they are…don’t blame the niggers, they were born that way! And, what about the audacity of wobama the b for b***s*** talking about specific plans by President Romney when wobama’s ‘plans’ last b***s*** campaign, from war (continued) to prosecutions of the big wall street frauds (none) to cutting the deficit (actually increased in record fashion), etc., etc. were meaningless b***s*** when measured by what he did (zero)….Just like a nigger! When are people going to awaken to the reality that obama’s just total b***s*** without the slightest clue as to how to achieve results through work/performance, and is too lazy to really care! }
Was Obama rattled by developing donor scandal story?
BIDEN: 'Yes, We Do' ...
Keept away from press...
AARP to President: Don't mention us again...
67 MILLION: RATINGS JUMP FOR DEBATE...
15 million more than '08...
Left-Wing Websites Reject Obama Ads, Say Campaign Undercutting Them By Working With GOOGLEAOL...
Harry Reid makes up quotes in another attack on Romney...
NYT: 'President Xanax'...
Lost, bewildered without teleprompter...
Gas prices in CA hit record highs...
Supply shortages shut pumps...

10-3-12 ROUND WON: Romney Seized Offense in Debate...
You Were Fighting For Obamacare, Not Jobs...
'The Path We’re Taking Is Not Working'...
FOURNIER: Cursed Obama Falls...
MSNBC MATTHEWS: 'What Was He Doing!'
Cutter takes swipe at Lehrer...
Carville: 'Romney came with a chainsaw'...
Andrew Sullivan: 'This was a disaster'...
UH O
Lost, bewildered without teleprompter...
CNN POLL: Romney Annihilates...
Van Jones: 'Was Able To 'Out-Obama Obama'...
LEFT TURNS ON O...
CA gas prices set to spike...
Man beaten, robbed -- inside grocery store!
Another sex scandal rocks Detroit...{ Was she the sex lackey of Detroit Blacky? …'The chief of police exceeded his professional status,' David Robinson said. } 'He's breached the trust of the department.'Godbee and Bing have been assailed by officers in recent weeks over a 10 percent pay cut and implementation of 12-hour workdays to help cut millions of dollars from the police budget. Officers complain the cuts and new work rules are too much to take in a city with one of the highest violent crime rates in the country. The 287 murders committed through Sept. 23 in Detroit are 26 more than at the same point last year’Read more: http://www.dailymail.co.uk/news/article-2212064/Detroit-police-chief-suspended-affair-officer-tweeted-photo-gun-mouth-seeing-else.html#ixzz28JFPKs4U

10-2-12 NATIONAL JOURNAL SHOCK POLL: R 47% O 47%...
BIDEN: Middle class has been 'buried' during Obama's presidency...
New Model to Predict Unemployment Sees Rate at 8.1%...

POLL: 43% of voters certain they will vote for Romney. 42% certain they will vote for Obama. Remaining 15% either uncommitted or open to changing mind.... MORE...

POLL: Doctors choose Romney...
DENVER BRONCOS John Elway Endorses Romney...
CNN poll magically tightens as calendar turns...
PAPER: Obama will need all the luck that he can get...

RYAN: We Are Seeing Obama's Foreign Policy 'Unravel on Our TV Screens'...
'Holder must go' over Fast and Furious...

Hundreds line up for $1.84 gas in Michigan in Anti-Obama Stunt...
2012 DEBT SURPASSES 2011...
Huge tax increase looms at year-end 'fiscal cliff'...

Jobs Outlook Weak as Companies Reporting Cost Cuts...
REPORT: Recovery faster for immigrants than US-born workers...
U.S. MILITARY DEATHS IN AFGHANISTAN HIT 2,000....
AFGHAN SOLDIER KILLS 2 MORE AMERICAN TROOPS...
Biden Misstates Number Of Fallen Heroes...
Military absentee ballots going AWOL in 2012...
REPORT: 1 million Ohioans have 'Obama phones'...
RYAN WARNS: 'We need to tackle challenges before they tackle us'...
Dollar Falls Most in Year...
UNIVISION report connects 'Fast & Furious' to murders of 16 Mexican teenagers...
NETWORK FINDS 57 UNREPORTED WEAPONS...
VIDEO **WARNING -- GRAPHIC**...
RYAN: 'Holder must go'...
Jets owner: I'd rather Romney win -- than the Jets!
OCTOBER 1: OBAMA APPROVE AT 47%
POLL: O 49% R 47%...
POLL: O 49% R 47%...
Eurozone hits record high unemployment...
18.2 million jobless...
'INEVITABLE NEW RECESSION'...
One in 10 EU workers missed work for depression...
26% in UK diagnosed...
Greek youth unemployment hits 55%...

10-1-12 POLL: 43% of voters certain they will vote for Romney. 42% certain they will vote for Obama. Remaining 15% either uncommitted or open to changing mind.... MORE...

POLL: Doctors choose Romney...
DENVER BRONCOS John Elway Endorses Romney...
CNN poll magically tightens as calendar turns...
PAPER: Obama will need all the luck that he can get...

RYAN: We Are Seeing Obama's Foreign Policy 'Unravel on Our TV Screens'...
'Holder must go' over Fast and Furious...

Hundreds line up for $1.84 gas in Michigan in Anti-Obama Stunt...
2012 DEBT SURPASSES 2011...
Huge tax increase looms at year-end 'fiscal cliff'...

9-28-12 Top Five Worst Obamacare Taxes Coming in 2013...
Romney: Debates a Clear Path to Voters...
'We're going to win Pennsylvania'...
SHOCK POLL PA: O 47% R 45%...
Leno Turns: 'We Wasted Four Years Waiting For Obama To Do Something About The Economy' { Yeah, Jay! } ...
HOUSE CHAIRMAN CALLS FOR AMBASSADOR SUSAN RICE'S RESIGNATION...
JAY-Z: I'M WITH OBAMA CAUSE HE'S BLACK...
CHICAGOLAND: Black Gang Member Tells Reporter, 'There Is No Solution To The Violence; Killing Is The Solution'...
Member of 'Obama Boyz' gang charged in St. Louis shootings...
Riots Between Black, Latino Students Break Out At CA High School... { Yeah…Latinos not taking the typical s*** from the niggers! }
'Cops Are Nowhere To Be Seen, 911 Placed People On Hold'...
Anti-mafia judge jailed -- for corruption ...
COPS: Man Vandalizes 6 Churches Because He Was Mad At God... {Oooooh! Guess he really got GOD’s attention…Not! }

MITT DEBATE PLAN: CALL OUT OBAMA LIES... { The question is, do they have enough time to air all; so many lies, so little time! }
GDP revised down to 1.25%...
Durable orders drop 13.2% -- 'worst since recession'...
SANTELLI: 'Depressingly weak'...
Census: Americans' Incomes Have Fallen $3,040 During 'Recovery'...
OBAMA HAS MY VOTE, HE GAVE ME A FREE PHONE...
SEIU Paid Protesters at Romney Cleveland Rally...
'$11 an hour'...
Whoopi Goldberg curses out Ann Coulter over book on race...
UPDATE: 3 ( yes, 3 niggers) arrested in vicious beating on Capitol Hill (Do white/yellow/brown people for O have a death wish? After all, he/holder have protected the violent, anti-white black panthers)...

9-27-12 MITT DEBATE PLAN: CALL OUT OBAMA LIES... { The question is, do they have enough time to air all; so many lies, so little time! }
GDP revised down to 1.25%...
Durable orders drop 13.2% -- 'worst since recession'...
SANTELLI: 'Depressingly weak'...
Census: Americans' Incomes Have Fallen $3,040 During 'Recovery'...
OBAMA HAS MY VOTE, HE GAVE ME A FREE PHONE...
SEIU Paid Protesters at Romney Cleveland Rally...
'$11 an hour'...
Whoopi Goldberg curses out Ann Coulter over book on race...
UPDATE: 3 ( yes, 3 niggers) arrested in vicious beating on Capitol Hill (Do white/yellow/brown people for O have a death wish? After all, he/holder have protected the violent, anti-white black panthers)...
IT'S ON!
IOWANS START VOTING FOR PRESIDENT

9-26-12 DICK MORRIS: Romney 'Pulls Ahead'...
Romney: 'Pleased With Some Polls, Less So With Others'...
Romney pays tax rate 'higher than what 97% of Americans pay'...
SURVEY: 55% Of Small-Business Owners Would Not Start Company Today, Blame Obama...
Sebelius to hit campaign trail again -- after breaking election law...
Solution To Michelle Obama's new school lunch menu: SNACK! { Riiiiight! There you go! After all, chimps literally spend all day foraging for munchable snacks in the wild. But, if you’re not a chimp of leisure as moochelle, or just not a chump and busy with other things, ‘three squares’ will just have to do as they always have! }
Post Office Prepares for Second Default in Two Months...
Romney: President Doesn't Want People To Know What Happened In Libya...
Libyan president: Anti-Islam film had 'nothing to do with' attack...
FLAMES OF ANGER SPREAD FROM MADRID TO ATHENS...
GREEK PROTESTS TURN VIOLENT...
SPAIN ROCKED...
COUNTRY 'COULD BREAK APART'...
Honeymoon Over as Markets Brace for Volatile Times...

9-25-12 Health Premiums Up $3,000; Obama Vowed $2,500 Cut...
Ralph Nader calls president 'war criminal'...
OBAMA PROCLAIMS FIGHT AGAINST 'SLAVERY' { Desperate nigger desperados playing the familiar nigger card! Send them back to sub-saharan Africa! }
2012: MICHELLE TALKS SLAVERY, SEGREGATION...
'Back when our great-grandparents were riding that Underground Railroad'...
Madonna (the ‘black hand italian’ who stups niggers) threatens to strip naked if Obama re-elected...
Vote for the 'Black Muslim in the White House'...
COMPLAINTS MOUNT AGAINST MICHELLE O'S NEW LUNCH MENU...
'WE ARE HUNGRY'... { Such a diet is based upon her own innate proclivities and projection: ‘…Chimpanzees prefer fruit above all other food items and will even eat them when they are not abundant. It will also eat leaves and leaf buds. Seeds, blossoms, stems, pith, bark and resin make up the rest of their diet…’ }
Senators to Hillary: Show us murdered ambassador's cables...
Libya tense after death of man who caught Gadhafi...
...calls for vengeance
GOP recalls Obama's earlier victory lap...
iPhone muggings up 40% in NYC...

9-24-12 PAPER: Don't believe hype on US 'recovery'...
Pennsylvania Shock Poll: Obama 47% Romney 45%...
FLORIDA POLL: O 48% R 47%...
Veterans retreating from president...
Romney assails Obama after US ambassador's murder...
'Bumps In The Road'...
Ryan: Middle East looks like '1979 Tehran'...
Slipping away? Obama campaign manager now says DON'T PAY ATTENTION TO 'NATIONAL' POLLS...
GALLUP SATURDAY: O 47% R 47%...
RASMUSSEN: O 46% R 46%...
Pushing 'change' is tougher this time around...
Early voting transforms campaigns...

9-21-12 GALLUP FRIDAY: O 47% R 47%...
DICK MORRIS: Why The Polls Understate Romney Vote...
Romney Releases 2011 Tax Returns; Paid $1.9 Million on $13.7 in Income...
...donated $4,020,772 to charity
Voluntarily paid more than required...
Harry Reid avoids prior claims...
'TIME TO SHOW YOURS, HARRY'
Zuckerman: Obama Campaign 'Divisive and Dishonest'...
POLL: Distrust in Media Hits New High...
Biden on college cheerleaders: 'The stuff they do on hard wood, it blows my (lobotomized) mind'...
WHITE HOUSE STORY ON LIBYA FALLS APART...
100 DAYS UNTIL LARGEST TAX HIKES IN HISTORY... http://albertpeia.com/taxmaggedon.htm

9-20-12 FIRST SERIOUS INTERVIEW: O PRESSED ON FAILURES BY UNIVISION
Romney: Obama's New Slogan 'No, I Can't'...
GALLUP: O 47% R 47%...
Median Income In OH Hits 27-Year Low...
US EMBASSY IN PAKISTAN UNDER SIEGE...
IRAN: Hundreds chant 'Death to France,' 'Down with the U.S.'...
IRAQ: PM condemns U.S. over YOUTUBE anti-Islam film...
INDONESIA: U.S. consulate shut for second day amid protests...
AFGHANISTAN: Hundreds chant anti-American slogans...
Obama still blames video for Libya attack?
Ramos Rips Away...
'YOU DID NOT KEEP YOUR PROMISE'...
Shouldn't you 'fire' Eric Holder?
Student asks president for advice -- on how to find a job!
PAPER: 'THE OBAMA YOU DON'T KNOW'...‘…But beyond the spin and the polls, a starkly different picture emerges. It is a portrait of a man quite unlike his image, not a visionary reformer but rather a classic Chicago machine pol who thrives on rewarding himself and his friends with the spoils of public office, and who uses his position to punish his enemies. Peter Schweizer captures this other Obama with a bracing statistic in his book "Throw Them All Out," published last year. In the Obama economic stimulus program's Department of Energy loans, companies owned and run by Obama contributors and friends, like Solyndra's George Kaiser, received $16.4 billion. Those not linked to the president got only $4.1 billion. The Energy Department is far from the only federal program in which favoritism has heavily influenced federal grants. To paraphrase Tammany Hall's George Washington Plunkitt, Obama has seen his opportunities and taken them, over and over. - Mark Tapscott / Executive Editor’
Republican senators decry 'useless, worthless' Clinton briefing...
Lewinsky set to reveal Bill Clinton's sex secrets in tell-all book...
'Worst nightmare'...
OBAMACARE TAX TO HIT 6 MILLION
MOSTLY MIDDLE CLASS
RASMUSSEN SWING STATES: R 47% O 46%...

9-19-12 OBAMACARE TAX TO HIT 6 MILLION
MOSTLY MIDDLE CLASS
RASMUSSEN SWING STATES: R 47% O 46%...
wobama doesn't remember how much national debt is...
'I ACTUALLY BELIEVE IN REDISTRIBUTION'...
ROMNEY: 'We believe in free people and free enterprise, not redistribution'...
'I'll deliver recovery, not dependency'...
Deputy takes fall in 'Fast and Furious' probe...
NATO pullback heightens doubts about Afghan plan...
Decision 'shatters implausible claims of progress'...
Another day, another disaster...
Mich SecState: 4,000 noncitizens on voter rolls...
FRANCE TO CLOSE 20 EMBASSIES IN FEAR OF CARTOON BACKLASH
French mag runs drawing of Mohammad naked; riot police stand guard...
Report: 4 injured in Paris explosion at kosher store...

GALLUP: O 47% R 46%...

9-18-12 GALLUP: O 47% R 46%...
POLL CONFIRMS ROMNEY: OBAMA HAS 47%... { Yes…and the really tragically sad part of that reality for america is that it’s a strategy of theirs, making americans dependant on the government (for food, protection from bogus, self-created/induced bogey men/terror, protection from warranted prosecution as with the largest frauds on wall street, corzine et als, mf global etc.); and not just the poor; viz., ie., the frauds on wall street and their contraindicated QE entitlement along with protection from prosecution for their huge frauds, etc… }
Tax Compliance for Obamacare: 80 Million Hours...
O: 'I ACTUALLY BELIEVE IN REDISTRIBUTION'
Analyst: Fed's 'QE-Infinity' Will Push Gold Up to $2,400...
Mortgage Lending Slides to 16-Year Low...
WSJ: The Data Behind Romney's Comments...
REPORT: Median Income Worse Now Than During 'Great Recession'...
'Unprecedented' Jump in Food Stamps...
Russia reveals vast diamond source under asteroid crater could supply world market for 3,000 years...
REPORT: NEWSPAPER AD REVENUES COLLAPSE TO 1950 LEVELS...
NYC ranked dirtiest, loudest, rudest city in USA...
Bailout cost counter...
REPORT: For every $1 added to economy, $3 added to debt...
GALLUP: 67% OF DEMS SAY GOVT -- SHOULD DO MORE!
Major Partisan Divide on Appropriate Role...

9-17-12 ROMNEY GETS REAL: OBAMA SUPPORTERS 'DEPENDENT ON GOVERNMENT'
GM WANTS OUT OF GOVT; OBAMA SAYS NO...
Bailout cost counter...
REPORT: For every $1 added to economy, $3 added to debt...
GALLUP: 67% OF DEMS SAY GOVT -- SHOULD DO MORE!
Major Partisan Divide on Appropriate Role...
8,786,049: Yet Another Record for Americans Collecting Disability...
16 people working for each person collecting..
Dollar hovers near seven-month low; Euro gains...
inflation fears rise...
New movie features disappointed Obama voters...

9-14-12 US credit rating downgraded -- again...
PUMPING BLAMED...
CASH FOR BANKERS: Fed risks political fallout...
Faber: If I Were Bernanke, I Would Resign... { Yeah…but you’re not ‘The Rain Man’ … he’s comfortable there … He’s not insane according to Einstein’s definition; viz., doing the same thing over and over and expecting a different result … He’s just … ‘The Rain Man’ (Doesn’t burnt out bernanke remind you somewhat of Dustin Hoffman in portraying the character of the same name/film? If only he could count like ‘The Rain Man’.) }
Gas Prices More than Double Under Obama: $1.84 to $3.85...
Kids Question Michelle: Where Will They Move When President Loses?
'FULL-BLOWN CRISIS'
JITS: CAMPUSES EVACUATED, CLASSES CANCELED BY 'AL QAEDA THREAT'...
Terror scare in Kansas City...
North Dakota State University bomb threat...
'Unspecified' threat at Valparaiso University...
Nuke Reactor Evacuated In Austin...

9-13-12 ELECTION MANIPULATION: NEW PUMPING BEGINS!! { This is an especially great opportunity to sell this suckers’ market/take profits! Nothing’s been solved! Just because ‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember that ‘no recession call’ of his; and, of course, no QE before the election, prospectively, already discounted many times over by the ‘markets, such as they are, ie., algo buy programs, etc.. ). All this and now ‘whatever’ is too little and too late for the uss Titanic which has taken on too much, not water, but b***s***. This was a desperate move, bespeaking desperation.The fact is things are ominously so bad, and worse than ‘allowed’ to be seen for the moment, that something as this QE which is economically and financially contraindicated and a proven failure for all but the frauds on wall street along with their cohorts including desperate politicos, is resorted to in desperation to divert attention from their unequivocal failure. After all, though having cost so many americans their jobs with wrong calls and policies, bernanke is trying to save his own by inflating the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama rehired failure bernanke, President Romney would have fired, and will fire him … goldman sachs knew this dollar debasing failed policy QE 3 would come and at the expense of the muppets…that’s their term for all you suckers). I further believe this contraindicated largess to the frauds on wall street is to preserve his post fedship tenure job possibilities by ingratiating himself even further with those nefarious, self-serving interest groups. }
STOCKS ROCK...
FED TO USE $40 BILLION A MONTH FOR BOND BUYING...
OPEN ENDED...
ROMNEY ASKED HIM NOT TO DO IT!
REPORT: Feds work month less per year than private sector...
OBAMA GAFFE: WH CLARIFIES EGYPT NO 'ALLY' STATEMENT
ISRAELI ARAB OFFICIAL WARNS OF 'ARMAGEDDON'...
HILLARY TRIES TO COOL THE MOB...
State Dept alerts travelers...
Protesters storm American embassy in Yemen...
US Flags Burned at Tunisia embassy...
New Clashes in Cairo...
Consulate in Berlin evacuated...
Iraqi militia threatens U.S. interests...
'The Most Serious Challenge to Obama'...

Median income lowest since 1995...
Lower class grows...
NEW CLASHES OUTSIDE US EMBASSY IN CAIRO
9/11: AMERICANS KILLED IN LIBYA...
ATTACK 'COORDINATED'...
CIA SAW NO THREATS...
OBAMA WENT TO SLEEP NOT KNOWING WHAT WAS HAPPENING THERE...
**WARNING** **GRAPHIC PHOTO**...
Romney campaign links attacks to failed Middle East policies...
MSNBC asks: 'Who's More Dangerous, the Supreme Leader in Tehran or Netanyahu?'
OBAMA OFF TO VEGAS...
CONVENTION BOUNCE GONE: O 46% R 45%...
U.S. AMBASSADOR TO LIBYA, 3 OTHERS, KILLED IN ATTACK
American Ambassador 'Suffocated To Death'...
**WARNING** **GRAPHIC PHOTO**...

9-12-12 Median income lowest since 1995...
Lower class grows...
NEW CLASHES OUTSIDE US EMBASSY IN CAIRO
9/11: AMERICANS KILLED IN LIBYA...
ATTACK 'COORDINATED'...
CIA SAW NO THREATS...
FOR FIVE HOURS, NO ONE KNEW WHERE AMBASSADOR WAS...
BODY NOT RECOVERED FOR 12 HOURS...
OBAMA WENT TO SLEEP NOT KNOWING WHAT WAS HAPPENING THERE...
**WARNING** **GRAPHIC PHOTO**...
Romney campaign links attacks to failed Middle East policies...
MSNBC asks: 'Who's More Dangerous, the Supreme Leader in Tehran or Netanyahu?'
White House gave 'mixed signals'...
Marines Headed to Libya to Reinforce Security...
PAPER: How Media Turned Obama's Foreign Policy Bungle into a Romney Gaffe...
Open mic catches reporters coordinating questions...
OBAMA OFF TO VEGAS...
CONVENTION BOUNCE GONE: O 46% R 45%...
U.S. AMBASSADOR TO LIBYA, 3 OTHERS, KILLED IN ATTACK
American Ambassador 'Suffocated To Death'...
**WARNING** **GRAPHIC PHOTO**...
Romney Calls Obama Response: 'Disgraceful'...
Muslims Attack US Embassies...
Mobs with guns and rocket-propelled grenades...
FLASHBACK: Hillary Clinton boast on Gaddafi: 'We came, we saw, he died'...
PROTEST: $9 gallon for gas in NY and NJ...
Why did Obama use N-word to describe his grandfather?
Suspected Bank Robbers Toss Cash Out Window During Police Chase...
VIDEO... { A neighborhood nigger in response to a reporter lauded the criminal acts of the armed niggers saying they brought cash into the neighborhood where (other niggers) ‘people’ are hurting. Isn’t that among the typical rationalizations that underlie every dastardly deed perpetrated by the uncivilized niggers? The niggerized DOJ under holder/obama similarly finds ways to rationalize not prosecuting as promised; ie., biggest frauds on wall street, mfglobal/jon corzine, defense of and protection for black panthers, etc.. How can people wonder why this nation’s crumbling? }

9-11-12 MOODY'S WARNS: US CREDIT RATING COULD BE CUT...
Germany: 'Great Uncertainty' About US Debt...

STRIKING TEACHERS BEGIN TO TURN ON PRESIDENT...
Obama On Track To Have Worst Job Record Since WWII...

Spies press for renewal of broad electronic surveillance law...

MOB STORMS EMBASSY IN CAIRO...
TEAR DOWN AMERICAN FLAG...
BLACK FLAG RAISED...
'There is no God but Allah and Mohammad is his messenger'...

FLASH: US consulate in Libya set on fire...

American reported killed...

9-10-12 ROMNEY: 'Forwarned' is better than 'forward''... { Sampling some of the network talking head roundtables over the weekend I was astounded how many wobamanoid apologists talked up the dismal, paltry private jobs, many part-time or low-pay, without mention of the record insurmountable $5 trillion increase in the deficit to create them for the purpose of obfuscating wobama’s blatantly failed performance as potus. Such people, either so partisan, so unschooled in the relevant disciplines, so ill-prepared for the journalistic task entrusted to them, literally have no defendable place in the field of real journalism and are an embarrassment to all that journalism purports to be. }
DICK MORRIS: Obama Thugs Rough Up GALLUP For Polls They Don't Like...

POLL: O 49% R 45%... reuters/ipsos – the socialist/communist pollsters…they have a lot at stake…look at their socialist europe and left-leaning city bases. Their polls can’t change what already is!
DEMS SOFT ON WALL STREET CRIMES...
FLASHBACK: CARTER +4 OVER REAGAN IN SEPT 1980 [+8 IN OCT]...
FLASHBACK: DUKAKIS +17 OVER BUSH AFTER DNC 1988...

DICK MORRIS: Advantage Romney...
REPORT: GOV'T MOTORS LOSES $49,000 ON EACH CHEVY VOLT...
'The Democrats' GM Fiction'...
Pentagon buys hundreds to 'green up' military...
Gun Sales Surging...
Woodward: A president cornered...
MAG: An Overdose of Hope...

OBAMA PIZZA MAN PLEADS: DON'T BOYCOTT ME!

CHICAGO TEACHERS WALK OUT...
Turn Down 16% Pay Raise...
Have Highest Average Salary In Nation...
Average $76,000 per year before benefits...
SCHOOLS OPEN -- BUT JUST TO SERVE FREE MEALS...
400,000 STUDENTS UNLEASHED...
Cops Pour Onto Streets'...

9-7-12 8.1%
+96,000
FED SET TO PUMP
368,000 DROPPED OUT
88,921,000 'NOT IN LABOR FORCE'
Milbank: Demigod falls to earth... { After four years of unbridled, unfounded, blind faith in and defense of wobama the b for b***s***, it truly makes my heart soar to see Mr. Milbank finally walk into the light! Indeed, David Bowie (Nicholas Roeg’s ‘Man Who Fell to Earth’), wobama is not; not that even David Bowie could have siphoned/drained the vote as did grifter/conman/parasite obama. Yet, it cannot be denied that nobody, no news organization, not even a government agency did their homework in vetting this complete and utter fraud called ‘barack obama’! } ‘…After a couple of nights at the Time Warner Cable Arena, the convention was to have closed with President Obama’s acceptance speech at the Bank of America Stadium, where convention officials were planning to squeeze nearly 6,000 seats onto the field to expand the stadium’s capacity beyond its usual 74,000. But the speedway event was canceled — ostensibly because of logistical problems but more likely because convention fundraising was running low. Then the Democrats canceled the stadium event in favor of the smaller arena — ostensibly because of “severe thunderstorm” concerns but more likely because they couldn’t be sure enough people would come to fill the stadium.In fact, the forecast hadn’t called for severe weather, and conditions were fine Thursday night. The change caused thousands to be turned away, and the crush of crowds at the arena led authorities at one point to lock down the building for a second straight night – leaving some delegates on the street while lobbyists enjoyed the proceedings inside…’
CLINT SPEAKS: Obama 'greatest hoax ever perpetrated on American people'... { I think Clint is too kind in euphemistically referring to and characterizing wobama as merely a hoax as opposed to the indisputable fraud, grifter, conman that obama most certainly is! }

White House to miss deadline for report on 'fiscal cliff' budget cuts...

O: I'M NOT DONE YET { He’s done! }

NOONAN: 'Stale and empty... he is out of juice'...
OBAMA HAMMERED IN FIRST REVIEWS...
FROM THE LEFT: TOMASKY: Pedestrian and Overconfident...
FROM THE RIGHT: KRAUTHAMMER: 'One Of The Emptiest I Have Ever Heard'...
AP: Obama and the phantom peace dividend...

9-6-12 O: I'M NOT DONE YET { He’s done! }

NOONAN: 'Stale and empty... he is out of juice'...
OBAMA HAMMERED IN FIRST REVIEWS...
FROM THE LEFT: TOMASKY: Pedestrian and Overconfident...
FROM THE RIGHT: KRAUTHAMMER: 'One Of The Emptiest I Have Ever Heard'...
AP: Obama and the phantom peace dividend...

Reporters Using 'Fake Names' to Buy Campaign Merchandise and Donate at DNC...
DNC delegates: Let's ban corporate profits!

Greek unemployment rises to 24.4%...
Separatism threatens future of Spain...
Hungarian Leader 'Unfriends' IMF on His FACEBOOK Page, Rejects Tough Loan Conditions...

REPORT: San Antonio Mayor Castro 'Doesn't Really Speak Spanish,' Had To Hire Tutor...
Lobotomy Joe’s derivative, hypothetical endorsement from ‘One Step Beyond’: 'My dad respected Barack Obama - would've respected Barack Obama if he'd been around'...

UPDATE: Woman Who Contracted Flesh-Eating Bacteria From Dog Saliva Dies...

9-5-12 Drudgereport: Dems Ram 'God' and Jerusalem Back into Platform...
VIDEO...
Delegates at convention boo, hiss, jeer...
REPORT: Obama had seen language prior to convention 'but did not seek to change it'...
HALL DIVIDED...
Jewish, Palestinian Leaders Fume...
Romney: 'I think it's a very sad day'...

THEY BOOED PUTTING GOD BACK!

9-4-12 Drudgereport: UPDATE: Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall! This from the record holder for fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in addition to being famously over-vacationed while in office. Did wobama expect that these things would in choom fashion magically come to fruition while he was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm

The point is that you don’t have to love Romney but you at least have to like yourself in saying ‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect. His grade is unequivocally ‘F’ for failure, having failed to do as promised which coincidentally is a direct cause among others of this debacle called america’s dark obama years. All the talk/b***s*** cannot change that reality. }

Poll: R 48% O 44%

RASMUSSEN: ROMNEY 47% OBAMA 44%...
GALLUP: ROMNEY 47% OBAMA 46%...

Dem Gov.: We're Not Better Off Now...

GALLUP: Obama Job Approval Drops to 43%...
PROTESTERS VOW BIGGER CROWDS IN CHARLOTTE...
'Occupy' encampment re-opens near Dem convention...
DNC security rules trigger free speech worries...

KING: Obama presidency has been time of deep Dem decline...
Frustrated union leader throws empty chair...

RECORD-HIGH LABOR DAY GAS PRICES GREET DEMS IN CHARLOTTE...

RYAN: President 'running campaign based on envy and division'...

GOP launches 'Obama Isn't Working' message...

SUNDAY: Dem Gov. -- We're Not Better Off Now...
MONDAY: 'We're Clearly Better Off'...

BIDEN: 'If It Weren't So Hot I'd Go Into Detail'...

Debt to hit $16 trillion just as party gavel in convention...
Dems to bus in black church members from SC...
ID required to attend...

'GODFATHER' TO CUT DNC TRIP SHORT...
Chicago schools brace for strike...

'GOD' LEFT OUT

Dems Drop 'God' From Party Platform...
REUTERS PHOTO DEPICTS HARRY IN HELLFIRE...
Endorse taxpayer-funded abortions...
DNC Video: 'The Government Is The Only Thing We All Belong To'...

ABCNEWSWASHPOST POLL: Obama personal popularity fading...
Women Turning...

DEBT TOPS $16T...
$136,249 Per Household...

FOOD STAMP USE CLIMBS TO RECORD 46.7 MILLION...

Key SOLYNDRA figure 'ran for exit' after seeing ABCNEWS cameras on DNC floor...

UPDATE: Obama gives himself an 'incomplete' grade...
POLL: Just 40% say he deserves second term...

POLL: Less Than Half of Army Officers in Afghanistan Report High Morale...

Panicking Spaniards Pull Out Cash, Leave Country...
Depression, Suicides Rise as Euro Debt Crisis Intensifies...
MOODY'S Changes Rating Outlook to 'Negative'...

COPS: Mother Forces 10-Year-Old Boy To Rob House... { Shafique (black) and her son ran away but Lynnwood police arrested her. They found a stolen laptop and crack cocaine. }

8-31-12 CHICAGOLAND: SHOOTING BLOCK FROM OBAMA'S HOUSE; 2ND IN WEEK

Global food prices jump 10% in month!

Bernanke spells out feeble state of economy...
Defends Bond Buying…{for fraudulent wall street’s benefit only-you’re paying for it, in higher prices, etc., there’s no free lunch}...
Oil surges...
Japan to cut state spending, could run out of money in month...

LANCE ARMSTRONG'S PERSONAL ASSISTANT UNLOADS... http://www.outsideonline.com/outdoor-adventure/biking/road-biking/My-Life-With-Lance-Armstrong.html { What a total scumbag atheist lance armstrong is! He’s really bad news! What a total fraud armstrong is! }

8-30-12 President Romney Biographical Tribute Airs at RNC...

OBAMA: I Didn't Do Good Enough Job Selling Americans On Stimulus Plan...
Billboard features child flipping off president...

Half of Americans die nearly broke...

REPORT: Correspondence and collusion between NYT and CIA...

8-29-12 SHOCK CLAIM: Obama Honors Fallen SEALs By Sending Parents Form Letter Signed By Electric Pen...
25+ INCHES OF RAIN SLAMS LA...
MRS. AMERICA { Indeed! Her speech was well delivered, poignant, truthful and touching! }
CHRISTIE SPEECH: TEXT... { I had no idea Gov. Christie was a former federal prosecutor. Maybe he could find out what happened to asst. us attorney Jonathon Lacey, the files/documents/exhibits etc., from as well, former us attorney alito and fed judge maryanne trump barry, former us trustee Leonard, etc. … http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

8-28-12 MRS. AMERICA { Indeed! Her speech was well delivered, poignant, truthful and touching! }
CHRISTIE SPEECH: TEXT... { I had no idea Gov. Christie was a former federal prosecutor. Maybe he could find out what happened to asst. us attorney Jonathon Lacey, the files/documents/exhibits etc., from as well, former us attorney alito and fed judge maryanne trump barry, former us trustee Leonard, etc. … http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
Gasoline To Hit Labor Day Record Price...
University of Virginia Declines Obama Campaign Request...
EX-NFL GREAT TO BLACKS: SAY NO TO OBAMA...
70% of Obama's 19 million TWITTER followers fake...
CHICAGOLAND: 13 shot in 30-minute span...
FLASHBACK: Obama -- 'Chicago Is Example of What Makes This Country Great' { Wow! Talk about choom fantasy… unless you’re a fan of…Al Capone! } ...

8-27-12 Protesters Dressed As Giant Vaginas Greet Delegates... { Indeed…what a bunch of c**ts…just kidding! } Video...

'Kill Mitt Romney' FACEBOOK Page Has 27 Likes, Still Online... {The epitomy of hypocrisy and desperation!}

FEDS: Too few Americans 'turn to the government for assistance'...

BOX OFFICE: Anti-Obama Movie #1... Developing...
University of Virginia Declines Obama Campaign Request...
EX-NFL GREAT TO BLACKS: SAY NO TO OBAMA...

70% of Obama's 19 million TWITTER followers fake...

Godfather on Casino: 'I Want it For Our Kids'...
CHICAGOLAND: 13 shot in 30-minute span...
FLASHBACK: Obama -- 'Chicago Is Example of What Makes This Country Great' { Wow! Talk about choom fantasy… unless you’re a fan of…Al Capone! } ...

8-24-12 BOX OFFICE: Anti-Obama Movie #1... Developing...
University of Virginia Declines Obama Campaign Request...
EX-NFL GREAT TO BLACKS: SAY NO TO OBAMA...

70% of Obama's 19 million TWITTER followers fake...

Romney To Hometown Crowd: 'No One Has Asked To See My Birth Certificate'...

8-23-12 FOXNEWS POLL: Romney Pulls Into Lead...
Republicans eye return to gold standard...
Romney Reiterates He Would Replace Bernanke...
Analysis: Incomes Fall More Under Obama...
Big Loss for Those Near Retirement...
USA $20 trillion in debt by 2016...

FABER: Odds of Global Recession Are 100%...

GALLUP: Romney edges Obama...

8-22-12 GALLUP: Romney edges Obama...

'RUDE' BUT TRUTHFUL PICTURE OF TELEPROMPTER OBSCURING OBAMA’S FACE FROM REUTERS PHOTO RAISES EYEBROWS...

Texas Judge Preparing For 'Civil War' If Obama Re-Elected...

ROMNEY: President 'Has Tried To Substitute Government For Free People'...

PAPER: THE LEFT HAS BEEN TOO KIND TO OBAMA...

Feds join 'false claims' suit against polling firm...

Postal Worker's Vacation Halts Mail In Jersey City, NJ...

TINA FROWN! { Newsweek on wobama’s failed presidency – Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }
GALLUP: ROMNEY 47% OBAMA 45%

8-21-12 $500,000 of stimulus cash spent to air Obama ads during Olbermann, Maddow shows...

Romney raising cash from traditionally Dem cities...

Switzerland objects to Obama campaign film slur...

Americans tune out Afghan war as fighting rages on...

TINA FROWN! { Newsweek on wobama’s failed presidency – Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }
GALLUP: ROMNEY 47% OBAMA 45%
ROMNEY: Time to Audit the Fed...

GAS PRICES SET RECORD...
Poll: Not better off now than in 2008...

8-20-12 TINA FROWN! { Newsweek on wobama’s failed presidency – Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }
GALLUP: ROMNEY 47% OBAMA 45%
ROMNEY: Time to Audit the Fed...
OBAMA DENIES FELONY SMEAR ON ROMNEY...
'We don't go out of bounds'...
FLASHBACK: 'Romney committed a felony or lied to voters'...

8-17-12 GALLUP: ROMNEY 47% OBAMA 45%
Romney Supporter Spat On by 83-year-old Protester in Wisconsin...
RNC touts record-breaking July fundraising...
FACEBOOK freefall continues...
Investors Losing Faith...
Zuckerberg: 'Painful'...
More California cities at risk of bankruptcy...
Woman who rescued animals killed in dog attack...

8-16-12 WON'T BREAK THE CHAIN:
STICKING WITH LOBOTOMY JOE!

MSNBC Host: Romney Engaging In 'Niggerization' Of Obama { Well, if the shoe fits…and the shoe fits only too well for jive-talking, b***s***, grifter/fraud wobama, who has actually accorded protection to the black panthers who have threatened whites as matched with dasterdly deeds of violence by blacks against all other races! MSNBC said it, and truth be told, it doesn’t take much to see it in light of the fact that wobama’s just a typical jive-talking, incompetent, b***s*** nigger! }...

ROMNEY, RYAN PREPARE FOR ASSAULT ON OBAMA'S SPENDING...
U.S. Foreign Debt Hits Another Record...

Democrats' nerves start to show...
VA BAKER SAYS NO TO BIDEN STOP...
Secret Service buys cupcakes as thanks...
Customers flock in...
'OBAMA CAN KISS OUR A**'...

HOW LOW WILL IT GO? FACEBOOK STOCK PLUNGES...
Has lost half of value...

JULY DEADLIEST MONTH OF 2012 FOR TROOPS...
ARMY SUICIDES SET RECORD...
FBI: Federal court clerk sold secret info to L.A. gangsters...

New Jersey unemployment rate at 9.8%, highest since 1977...

REPORT: GM's European failure will prompt second Obama bailout...

CHICAGOLAND: City Worker Caught Stealing 500 Feet Of Copper -- Off Midway Airport Runway!

Ecuador grants WIKILEAKS founder asylum...
40 police surround embassy...
U.S. denies pushing arrest...

Obama defends Biden on 'chains' comment...

HE DID IT AGAIN: LIVING IN WRONG CENTURY!
REPORT: Obama has 22 days to drop Biden from ticket...
VIDEO: Biden Refers to Ryan as 'Governor'...
Now Social Security Administration To Purchase 174 Thousand Rounds Of Bullets!

Hypersonic aircraft crashes seconds into military test flight...

Thousands of Federal Retirees Get Six-Figure Pensions...

CHICAGOLAND: 50,000 line up for Obama amnesty program...
Labor Dept. Attempts to Stop Layoffs by Giving $100 Million to States, Subsidize Payrolls...

VIDEO: Biden Imitates Sign Language Lady… [ I’m quite serious when I say lobotomy joe biden had part of his brain removed… he literally had part of his brain surgically removed…his nonsensical outbursts are symptomatic of lobotomies generally…] ...
Wonderment Whether Biden Has 'Mental Capacity' for Presidency...
VP says 'We can win North Carolina' -- while campaigning in Virginia...

New Black Panthers to RNC: Our 'Feet Will Be On Your Motherf***ing Necks'{ Listen to these uncivilized, dumb niggers! This is typical nigger talk and predisposition to criminal action/violence! How can whites et als self-destructively embrace the niggers? Niggers are beasts of burden and burdens wherever they are. There are few physical tasks they do well and even fewer of said available tasks relative to their populations to make a difference. They are a near complete washout in non-physical tasks, are too costly and are bad workers, unproductive generally to employ and not worth the enormous cost and trouble. The very scant few exceptions are statistically insignificant. Niggers belong in jails where they can commit no crimes in general society; plus there’s the savings thereby on their invariably wasted welfare, programs in addition to their predisposed crimes on the outside…It is far cheaper to jail them which is best for civilized society (look at their off the charts crime rates, and that’s only those that are caught! They’ve literally destroyed cities as is so wherever they are in concentrated numbers. These are indisputable facts/truths that civilized societies/governments can no longer afford to deny.) } ...

REPORT: Ill. state workers forced to attend Pelosi, Jesse Jackson Jr. event on taxpayer dime...
Buchanan: 'Obama has steadily diminished both himself and the office he holds'...
Campaign admits knowing story behind flawed PAC attack ad...

UPDATE: Postal Service Posts Big Loss as Cash Runs Low...
UPDATE: Jesse Jackson Jr. being treated for bipolar disorder... { Mayo Clinic: Jackson has bipolar depression }
SPIRITS SPEAK TO PELOSI ( Riiiiight! And they keep telling her… ‘bankrupt america…bankrupt america…bankrupt america’….she believes them, tries her best to comply, and follows their advice! Meanwhile, by way of séance, hillary getting the message…’more world strife…more world strife…more world strife…’ and she’s complying! Not to be left out of democratic party stratagems, wobama’s been seen sticking pins into a doll that bears an uncanny resemblance to President Romney… If only they had a real strategy and knew what they were doing! ) ...
Over 100M in America on Federal Welfare...

8-15-12 Obama defends Biden on 'chains' comment...

HE DID IT AGAIN: LIVING IN WRONG CENTURY!
REPORT: Obama has 22 days to drop Biden from ticket...
VIDEO: Biden Refers to Ryan as 'Governor'...
Now Social Security Administration To Purchase 174 Thousand Rounds Of Bullets!

Hypersonic aircraft crashes seconds into military test flight...

Thousands of Federal Retirees Get Six-Figure Pensions...

CHICAGOLAND: 50,000 line up for Obama amnesty program...
Labor Dept. Attempts to Stop Layoffs by Giving $100 Million to States, Subsidize Payrolls...

VIDEO: Biden Imitates Sign Language Lady… [ I’m quite serious when I say lobotomy joe biden had part of his brain removed… he literally had part of his brain surgically removed…his nonsensical outbursts are symptomatic of lobotomies generally…] ...
Wonderment Whether Biden Has 'Mental Capacity' for Presidency...
VP says 'We can win North Carolina' -- while campaigning in Virginia...

New Black Panthers to RNC: Our 'Feet Will Be On Your Motherf***ing Necks'{ Listen to these uncivilized, dumb niggers! This is typical nigger talk and predisposition to criminal action/violence! How can whites et als self-destructively embrace the niggers? Niggers are beasts of burden and burdens wherever they are. There are few physical tasks they do well and even fewer of said available tasks relative to their populations to make a difference. They are a near complete washout in non-physical tasks, are too costly and are bad workers, unproductive generally to employ and not worth the enormous cost and trouble. The very scant few exceptions are statistically insignificant. Niggers belong in jails where they can commit no crimes in general society; plus there’s the savings thereby on their invariably wasted welfare, programs in addition to their predisposed crimes on the outside…It is far cheaper to jail them which is best for civilized society (look at their off the charts crime rates, and that’s only those that are caught! They’ve literally destroyed cities as is so wherever they are in concentrated numbers. These are indisputable facts/truths that civilized societies/governments can no longer afford to deny.) } ...

REPORT: Ill. state workers forced to attend Pelosi, Jesse Jackson Jr. event on taxpayer dime...
Buchanan: 'Obama has steadily diminished both himself and the office he holds'...
Campaign admits knowing story behind flawed PAC attack ad...

UPDATE: Postal Service Posts Big Loss as Cash Runs Low...
UPDATE: Jesse Jackson Jr. being treated for bipolar disorder... { Mayo Clinic: Jackson has bipolar depression }
SPIRITS SPEAK TO PELOSI ( Riiiiight! And they keep telling her… ‘bankrupt america…bankrupt america…bankrupt america’….she believes them, tries her best to comply, and follows their advice! Meanwhile, by way of séance, hillary getting the message…’more world strife…more world strife…more world strife…’ and she’s complying! Not to be left out of democratic party stratagems, wobama’s been seen sticking pins into a doll that bears an uncanny resemblance to President Romney… If only they had a real strategy and knew what they were doing! ) ...
Over 100M in America on Federal Welfare...

8-14-12 DER SPIEGEL: Investors Prepare for Euro Collapse...
Summer of gloom in Rome...
Honeymoon over, outlook worse for French president...
...vows to impose order after rioting

Obama campaign: 'We have no problem with those comments'...
ROMNEY camp: 'New low for o'...

8-13-12 UPDATE: Taxpayer loss on auto bailout revised upward to $25b...
Obama Campaign Defends President's $700 Billion Cuts to Medicare...
HOUSE SUES HOLDER
10,000+ ROMNEYRYAN RALLY IN WI
REPORT: Obama fundraiser in Chicago. 'Admission only $51, but room is half full'...
GOOGLE to Cut 4,000 Jobs...
NO DOUBT: Michelle O Has 'Sunday of Fun' at Stefani's House...
UPDATE: Jesse Jackson Jr. being treated for bipolar disorder... { Mayo Clinic: Jackson has bipolar depression }
U.S. destroyer collides with oil tanker in Strait of Hormuz...
Greece sinks again, more cuts to save bailout in store...
Merkel ally sends stark warning...

8-10-12 VIDEO: Paul Ryan took apart Obama and Obamacare -- in 6 minutes!
Romney Running Mate 9AM ET Saturday in Norfolk...
Nauticus Museum, home of USS Wisconsin...
SOURCES: Final names were Ryan, Rubio, Pawlenty, Christie, Portman and one unnamed wild card...
ROMNEY MADE CALLS LATE LAST NIGHT TO THOSE WHO DID NOT GET SLOT...

RYAN ROCKS IT!

Obama Super PAC Ready to Launch More 'Incendiary' Attacks...
GALLUP: O APPROVAL SLIPS TO 43%...
SPIKE LEE: 'EXPECTATIONS WERE WAY TOO HIGH'...
REPORT: STAR OF FLAWED 'CANCER' AD OFFERED BUYOUT...
'A cancer within the cloak of the Presidency'...

U.S. banks told to make plans for preventing collapse...

Niggertown DC judge robbed at gunpoint...

NINTH CIRCUIT COURT HEADS TO HAWAIIAN JUNKET DESPITE OUTCRY
YOGA, SURFING, ZUMBA DANCING!

8-09-12 Buchanan: 'Obama has steadily diminished both himself and the office he holds'...
Campaign admits knowing story behind flawed PAC attack ad...

UPDATE: Postal Service Posts Big Loss as Cash Runs Low...

SPIRITS SPEAK TO PELOSI ( Riiiiight! And they keep telling her… ‘bankrupt america…bankrupt america…bankrupt america’….she believes them, tries her best to comply, and follows their advice! Meanwhile, by way of séance, hillary getting the message…’more world strife…more world strife…more world strife…’ and she’s complying! Not to be left out of democratic party stratagems, wobama’s been seen sticking pins into a doll that bears an uncanny resemblance to President Romney… If only they had a real strategy and knew what they were doing! ) ...

ITALY SLAMS GERMANY IN EU FIGHT...
More Abandoned Children as Austerity Wears On...
Greek jobless rate hits record...

8-08-12 Over 100M in America on Federal Welfare...

Gingrich Warns: Obama 'direct threat' to my grandchildren's future...

BOOK: Blago claimed $25,000 channeled to Obama...

Miami Cannibal Victim's First Interview: 'He Just Ripped Me To Ribbons. He Chewed Up My Face. He Plucked Out My Eyes'...

WHO NEEDS CONGRESS? (Not wobama the dictator!) Obama Considering Executive-Branch Action on 'Internet Security'...

Nearly half of long-term U.S. immigrants are on welfare...

$5.2b in fraudulent tax refunds to immigrants...

8-07-12 Romney says Obama favors 'culture of dependency'...

OBAMA: 'I'm not the president of black America'… { Well, meaningless distinctions notwithstanding, as of January 21, 2013, this failed president B.0. is president of nothing! } ...
Blames State, Local Govts, Congress for 14.1% Black Unemployment...

Voters in Detroit Turned Away For Refusing To Fill In Citizenship Box On Ballot...
Polls open late after official oversleeps … { just another day in niggertown detroit! } ...

SHOCK VIDEO: Abortionist says ridding 'ugly black babies' service to taxpayers { Well, sometimes the truth hurts! }...

Obama stops taking questions from press...

8-06-12 Obama stops taking questions from press...
Biden Takes Another Week Off...

OBAMA (who plays his 104^th round of golf as potus) POPULARITY SOARS -- IN NIGGERTOWN DC!

Plays 104th round of golf (as nation flounders)...
HARRY REID HELPS CHINESE SOLAR FIRM REPRESENTED -- BY HIS SON!
PAPER: It's time to fight back against Dirty Harry...
Wife: Rep. Jesse Jackson Jr. getting treatment but 'still very depressed'...
Ethics investigation continues...

DEVIL WENT DOWN TO DC: Charlie Daniels unloads 'dag-blamed truth' on Obama...
NEW RULES: Obama weighs executive-order on 'Internet security'...
REPORT: IRAN TEST-FIRES SHORT-RANGE MISSILE...
Iran airs confessions in murder of Iranian scientists...
Goes offline to dodge cyber-attacks...

7 SHOT DEAD AT SIKH TEMPLE

BLOODBATH IN WISCONSIN...
Milwaukee suburb...
Video...

Cash pours in to Romney campaign; another $100 million month...

8-03-12 POLL: Obama Job Approval Slips to 44%; Matches 2012 Low...
8.3% { Unemployment, plus record on disability, part-timers, underemployed, on food stamps, etc., upwards of 15% U6 with ‘stopped looking’ fudge factored, etc.. }

Godfather refers SOLYNDRA questions to consigliere in White House...

Colin Powell's Son As Next DC Mayor? { Sure! What else! Niggers for niggertown! And, all sides of all issues incompetent token black powell progeny at that! }

Clint Eastwood backs Romney: 'Country needs boost'… { Clit redeems himself … I’m impressed! } ...
{ Here’s another lift Clint: } PHELPS MAKES MORE HISTORY WITH FLY...

Zuckerberg has lost $9 billion since IPO...

8-02-12 GM PROFITS PLUNGE 41%...
Feds keep buying more cars...

HEATWAVE ON HILL:Romney to Reid: 'Put up or shut up'...
Dems apologize to Adelson for 'Chinese prostitution' comments...

Mainstream Media Blacks Out CHICK-FIL-A Story?

FAKEBOOK MILLIONS: PETS MAKE PAGES...

8-01-12 POLL: Romney jumps to 20-point advantage among white voters...

WAIT FOR FALL: Fed Sees Economy Slowing But Holds Off on New Steps...
Gigantic NYC Sinkhole Swallows Cars Whole...

OBAMA AUTHORIZES SECRET SUPPORT FOR SYRIAN 'REBELS'...

Obama speaks with world leader while holding baseball bat?

7-31-12 POLL: Romney jumps to 20-point advantage among white voters...
Obama donates cash to his own campaign...
THE GREATEST IN HISTORY! { Congratulations to Michael Phelps! }
CLAIM: The Real Crash is dead ahead as 2008 is forgotten...
FACEBOOK HIT WITH NEW SELLOFF...

7-30-12 POLL: ROMNEY PULLS TO 5 POINT LEAD...

Court Finds Obama Appointees Interfered with New Black Panther Prosecution...
UPDATE: Jesse Jackson Jr. at Mayo Clinic for depression...
D.C. pays students $5.25 an hour -- to attend summer school!
Corn prices hit record as crops shrivel...
UPDATE: SEATS STILL GO EMPTY IN LONDON...
PM Cameron: 'We can do better'...
Parents of athletes turned away in mixup...
Games turn London into 'ghost town'...

7-27-12 POLL: ROMNEY PULLS TO 5 POINT LEAD...
Same 5-point lead that Obama had at this point in '08...
SLUMDOG OLYMPICS...
Dancing nurses, bouncing sick children, huge hospital beds...
Opening Ceremony reflects 'deeply left-leaning sensibilities' of producer Boyle...

7-26-12 REPORT: MF GLOBAL was client of AG Holder's law firm...
Justice Dept employees accused of nepotism, ethical lapses...

ZUCKED: FACEBOOK Ad Growth Slows; Shares Skid to Fresh Low...
PLUNGE ANOTHER 11% IN AFTER HOURS...

7-25-12 ROMNEY MOVES INTO LEAD AT GALLUP, RASMUSSEN...
WARNS 'WE'RE GOING TO END UP LIKE EUROPE'...

Greece to run out of money by August 20...
Cash-Strapped French Socialists Face Austerity...
UK in longest double-dip recession in 50 years...

Obama campaign stepping up damage-control over 'you didn't build that' remark...

CITI Creator Says Banks Should Be Broken Up...

Feds: Drought to Drive Up Food Prices...
Up 3.7% last year...

Obama creating African-American education office { More money the nation doesn’t have down the drain! }...

DEMS REGISTER THE DEAD?
Drug money funds voter fraud in Kentucky...
REPORT: State systems for overseas voters vulnerable to hacking...

Mayhem in Anaheim as protesters clash with police...
Mobs smash windows, set fires...
Escalation...
UPDATE: FBI moves in...
Angry crowd confronts police after shooting in Dallas...

Ron Paul bill to audit The Fed overwhelmingly approved by House...
...seen dying in Senate

7-24-12 'JOKER' ON $26K FEDERAL GRANT { There you go…a future government slug cut down in his prime…probably would have worked bio-chemical weapons… }

USATODAYGALLUP POLL: Romney preferred over Obama to handle economy...
DICK MORRIS: 'NASTY' OBAMA IN FAVORABILITY DIVE...

Campaigns ease back into fighting mode...

Obama Reminds Supporters: 'I’m Term-Limited After This'...

FOR SALE: Obama films campaign commercial inside West Wing...

ABCNEWS taking steps to stop reporting inaccuracies... { Sounds like a plan! }
PAIN IN SPAIN BRINGS MORE DRAIN...
MOODY'S Cuts Outlook on Germany, Two Others...
Cash-strapped Argentine town pays employees by raffle...
10 Italian cities at risk of bankruptcy...

7-23-12 USATODAYGALLUP POLL: Romney preferred over Obama to handle economy...

It's Official: 5 Straight Years of $1 Trillion Deficits!

OBAMA CAMPAIGN RUNS DEFICIT IN JUNE...
Spent $2.6 million -- on polling?
Paid $93k for Half-Empty Stadium Kick-Off Event...

US poverty on track to rise to highest since 1960s...

CHICAGOLAND COPS: Teens kill man in 'knock 'em down' game...

Workers on Disability Set Another Record in July...

Greek PM: Country is in 'Great Depression'..

UPDATE: MURDOCH RESIGNS FROM UK NEWSPAPERS ( No surprise here; the guy’s totally senile and globally irrelevant as I previously wrote just recently! )...

'Eyes rolling, head swaying'...
'Listless'…[ Zombie ]...
Mother disputes ABCNEWS report...
Network stands by it...

Largest mass shooting in U.S. history...

San Fran Considers Strict Outdoor Smoking Ban -- Except For Medical Marijuana...

7-20-12 'JOKER' KILLS 12

SMIRK OF THE BATMAN PSYCHO...
WHY DID HE DO IT?
Ph.D. student in neuroscience...
'Really smart'...
Struggled to find work...
Collecting unemployment...
'No one knew him; No one'...
Left loud music playing in his apartment...
Had 'swagger'...
TMZ: Cops Investigating Sex Site Profile...
Told Cops He 'Was the Joker'...
Photos: Gas mask and assault rifle left at cinema...
LIVE UPDATES...
Director Nolan condemns as 'savage' and 'appalling'...

7-19-12 NYC jobless rate hits 10%...

Huge protests against austerity cuts erupt in Spain...
...firemen strip naked

Rubio likens Obama to 'left-wing third-world leader'...

MICROSOFT reports first loss { There should be no surprise here…for some functions, for stability I use a dual boot to ubuntu (open source linux)…sadly, I’m unable to install windows 2000 professional (their best offering ever, along with microsoft word to be fair, for stability) on a dell xp machine; viz., wipe the hard drive and clean install. }...

7-18-12 CANADIANS NOW RICHER THAN AMERICANS (That’s pretty poor!)

Dem Effort in Congress To Pressure Romney; Release More Tax Returns...
Harry Reid: 'We Do What We Can to Protect the President of the United States'...
REPORT: Most members of Congress keep their tax returns secret...

FOXNEWS HANNITY INTERVIEWS ZIMMERMAN... DEVELOPING...
Top Syrian defense officials killed in suicide blast...
Russia accuses West of inciting opposition...
STUDY: Girls As Young As 6 See Themselves As Sex Objects... { Wow! This is really quite alarming and bespeaks america’s new-found perverse, third-world uncivilized status, which is ‘picked up’ by kids who in some ways are smarter than given credit for with a vulnerable longing to please, be accepted in light of their powerless position in our ever more deteriorating society. For the record, personally, I’ve never had a virgin though I’ve been in a position to; that’s something I just don’t do. Never have, never wanted to, never would, never will! Moreover, with the prevalence of sick pedophiles and kiddie-porn, it’s not so surprising that kids might pick up on such abominable vibes. It is difficult to imagine that little girls could be the objects of such horror as, ie., Samantha Runnion ( who was kidnapped, sexually abused and strangled by a man who lured her from her front yard by telling her he had lost his dog. Her naked body was found the next day by a hiker in Cleveland National Forest, 50 miles southeast of Stanton.^[1] The autopsy revealed that she died from compression. A sample of the kidnapper's DNA was found under her fingernail. The suspect, a Lake Elsinore, California, man named Alejandro Avila, was convicted of first degree murder with special circumstances in May 2005. His DNA was found on Samantha's body, and her DNA was found in his car. He was arrested three days after the abduction. Avila had previously been to the condominium complex where Samantha lived, because his ex-girlfriend resided there and he had been previously acquitted of molesting her daughter and niece. On May 16, 2005, the jury recommended he receive the death penalty. On July 22, 2005, Avila was formally sentenced to death. He is incarcerated at San Quentin State Prison on death row ). As an aside, I’ve included the following for the record as well: Though I’ve had many consensual sexual liasons with many different female sexual partners (mid-hundreds) all of whom I liked, I’ve never, ever resorted to prostitutes. The accidental exceptions included two ‘call girls’; one having met at summer beach town bar matinee and who was ‘not working’ (as it turned out the reason being she was at the end of her menstrual cycle). The other at a grocery store with her daughter which made such in my mind, unlikely. As it turned out, both were ‘nymphomaniacs’ (which, truth be told, made for quite an exceptional sexual romp) and I simplistically inferred/surmised without dwelling on the subject that they probably expected they’d have inordinate amounts of sex anyway and might as well get paid for it – of course I didn’t nor was I asked to. The other incident I’m including here for the record concerned an absolutely beautiful (blonde hair, blue eyes, pretty, cute, perfectly built/proportioned – make no mistake, however, I like brunettes also) girl I met at a bar called ‘the Red Ranch’, later changed to ‘Harpoon Willy’s’. At closing, we immediately became amorous, near intimate to a point in my car with abrupt ‘resistance’ at the ‘crucial moments’. When I finally, ‘exasperated’, asked ‘what’s up’, she stated she had recently broken up with her boyfriend who had gone too far in the ‘sado-masochistic’ ritual behavior they were, and she still was into. I told her I wasn’t into it (I don’t connect sex with sado-masochism); never would, never did, never will. We talked for quite some time and she explained her ‘predisposition’ the (her perceived) consequence of her strict, puritanical upbringing and feelings of guilt concomitant with sexual activity requiring coincident punishment/pain when so engaged. I was busy with law school evenings, work, and teaching at a local college part-time and parted ways without taking her number and never did see her again. } { Previously, for the record: Yes...it's absolutely, unequivocally true that blacks are inherently uncivilized and in evolutionary terms, only evolved to a point ( http://albertpeia.com/anthroindex1.htm ). They are themselves racist, intolerant, hypocritical [ UPDATE: MORE CLAIMS OF RACE BIAS AT HOLDER JUSTICE DEPARTMENT... (WP) ‘ignore cases that involve black defendants and white victims ' ], and prone to violence as with any feral animal. Moreover, I must admit that I find their simian look repulsive; and, even before totally realizing the foregoing reality owing to self-destructive egalitarian propaganda, never did and never would know a black female in the biblical sense (despite their ‘intrusively easy availability’, in my view a form of bestiality - not a matter of skin color inasmuch as I have ‘known biblically’ red-Indian, brown-Hispanic, yellow-Oriental women). Wobama the b for b***s*** is a typical, jive-talking 'n-word' and consequently as well, an abject failure as president. I was fortunate to have no blacks whatsoever in my schools (schooling) through high school. }

7-17-12 VIVA: OBAMA DECLARES TEXAS 'BATTLEGROUND STATE' -- SOON...
Star of Pro-Obama Super PAC Ad Unloads: 'Obama Is a Jerk, a Pantywaist, a Lightweight, a Blowhard'... The star of a pro-Obama super PAC ad is speaking out against ... President Barack Obama."I could really care less about Obama," Donnie Box says of President Obama, according to In These Times. "I think Obama is a jerk, a pantywaist, a lightweight, a blowhard. He hasn't done a goddamn thing that he said he would do. When he had a Democratic Senate and Democratic Congress, he didn't do a damn thing. He doesn't have the guts to say what’s on his mind."Box, In These Times reports, won't be voting for Obama. Here's the pro-Obama, anti-Bain Capital ad Box appeared in: …’
Obamas have up to $450K in companies that ship jobs overseas...
UPDATE: Chevy Volt Makes NO Money, Costs Taxpayers Hundreds of Thousands of Dollars Per Car...
CA cities eye plan to seize mortgages...
Broke San Bernardino can't pick up garbage anymore...
Chicago suburb's water contaminated with vinyl chloride...
Slow progress predicted for unemployment...
Dems beg Bernanke for more easing before election...
DR. GLOOM
CNBC: How Close Are We to New Great Depression? { Already there! }
CREDIT RATING AGENCIES TO FALL UNDER GOV'T OVERSIGHT { Fake your ratings or else says extortionist, pervasively corrupt, defacto bankrupt america! } ...

7-16-12 Obama Goes Wild: 'If you've got a business, you didn't build that. Somebody else made that happen'... { Riiiiight! That ‘minority owned business’ incentive for government contracts, bloated/padded for non-performance and electoral considerations…’the minority view’ on the ebt, strike that, the bet network. Say anything, wobama the b for b***s*** who suffers at the least from the psychological disorder of psychogenic/dissociative amnesia. How totally preposterous and pathetic at once! Wow! That ‘choom’ did wonders for wobama’s understanding of business! Riiiiight ….they’ll beat a path to your door…to make that business happen! This guy’s a totally dysfunctional joker who’s failed by every measurable standard except increased deficits to obfuscate his unequivocal failure! Other than the ‘choom/drug’ business, what business does wobama really know? }
Campaign Holding Fundraisers in Switzerland, Sweden, France -- China?
Egyptians pelt ‘Hearts and Minds Victor’ Hillary Clinton motorcade with tomatoes...
'Monica, Monica' chants taunt...
They throw shoes...

7-13-12 Romney Demands Obama Apology...

Says president 'reckless and absurd'...

'Deceptive and dishonest'...

'Beneath Dignity Of His Office'...

'It's disgusting. It's demeaning'... { And, let me add, it’s indicative of total desperation on the part of wobama who has but a record of failure to run on; hence, the diversionary, disingenuous tactics to obfuscate his failure by diverting attention therefrom. People will see through the wobama subterfuge. }

GALLUP: OBAMA VS ROMNEY DEAD HEAT...

{ Drudge: What’s with your self-immolating obsession with rice? Aside from nationwide negroe fatigue (except among blacks –President Romney will get less than 1% of the black vote, no matter what – because…President Romney is white and wobama is black … period …that’s the way it is and wishing will not make it not so! ), the essential reason she’d be a bad choice is that she carries with her the failures of the bush regime (numerous) and sound management requires an unequivocal ‘new broom’ (as per Drucker, et als). http://albertpeia.com Stated another way, at this critical juncture, the nation must be managed for performance. Goals/objectives must be set and reasonable steps consistent with the goals must be taken. President Romney’s application of such a competent managerial approach was even evidenced in his acclaimed handling of the Olympics as well as his sterling record in business (Bill Clinton’s true words, though against interest) and tenure as Governor. Wobama has but b***s*** and failure obfuscating record deficits to show for his choom failed fantasy presidency. }

7-12-12 SHOCK: STOCKS '50% LOWER' WITHOUT FED PUMPING...

POLL: Supreme Court Approval Lowest on Record...

Oscar-winning producer to take on Obama's 'imperial presidency' in documentary...
Carney sneers at reporter asking about college records...

Americans Will Work Over 7 Months to Pay for Govt Spending in '12...

Santa Monica extends smoking ban to apartments, condos...

Some California cities 'may cease to exist'...
San Bernardino -- Third California City to Go Bankrupt..
FACEBOOK monitors chats for suspicious activity, reports users to police...

MOODY'S downgrades Italy debt...

7-11-12 Some California cities 'may cease to exist'...
San Bernardino -- Third California City to Go Bankrupt..
POLL: President Sinks to Historic Lows Among Blue-Collar MEN....
REPORT: Pelosi made up to $5 million on Asian investments in 2011 (and don’t forget feinstein’s blum who did even better)...
Investors get lowest-ever Treasury yields...
Fed Officials Weigh More 'Stimulus'...
Warn of looming crisis...

7-10-12 DNC Chair Invested in Swiss Banks, Foreign Drug Companies, Bank of India...
Wasserman Schultz: 'It Would Be Nice If We Had Candidate for President Who Was Committed To America'...
GODFATHER UNDER FIRE AS MURDER RATE SOARS...
Chicago Mayor Appeals to Gangsters' 'Values'...
'Don't touch the children'...
RADIO STATION REPORTS REP. JESSE JACKSON, JR 'ATTEMPTED SUICIDE'...
Questions mount...
NAACP goes wild for Eric Holder...

7-9-12 DOOM Roubini: My 'Perfect Storm' Scenario Is Unfolding NOW...
CADDELL: Taxes and Trust - The Achilles Heels of Obama...
Maryland's Rich Flee State...
83% OF DOCTORS 'HAVE CONSIDERED QUITTING' OVER OBAMACARE
Broke Scranton, PA cuts all employees to minimum wage!
Bankrupt Alabama county asks for second look at lawyer fees...
PUTIN: WEST IS ON DECLINE...
Defends support for Syrian regime...

7-6-12 O NO: UNEMPLOYMENT STUCK AT 8.2%...
'STEP IN THE RIGHT DIRECTION'...
Just 80,000 jobs added in June...
85,000 WENT ON DISABILITY!
Unemployment rate for blacks jumps to 14.4% (Actually, that’s much too low and 100% unemployment/imprisonment/deportation would be optimal for productivity/civilized behavior/minimal violent crime)...
780,000 Fewer Women Employed Under Obama...
Romney: 'It Doesn't Have To Be This Way'...
Team Obama predicted 5.6% today with stimulus...
Broke California OKs funding for high-speed rail line...
Bush spend Fourth in Zambia, opening health clinic, visiting orphanage { The perfect place for dumbya bush; little ‘blackface’ and he’d fit right in! } ...
Ohio restaurant owner dies hours after Obama visit { Kind of like the nation as a whole; see wobama and die! } ...

7-5-12 POLL: In 15 swing states, Romney leads Obama 51% to 43%...
Romney accuses Obama of 'vicious lies' on BAIN CAPITAL...
13,000 Pages of Regulations for New ObamaTaxes Drafted...
JINDAL: Way paved for 'tofu' tax...
Romney And Obama Supporters Clash at July 4th Parade...

7-3-12 POLL: In 15 swing states, Romney leads Obama 51% to 43%...
Romney accuses Obama of 'vicious lies' on BAIN CAPITAL...

'THE LAW I PASSED IS HERE TO STAY' { Wobama must be back on his choom pipe fantisizin’ again! }

LAND OF THE FREE: San Diego man stranded after told on 'no-fly' list...
Midwest ranchers, lawmakers protest drone flyovers...
TWITTER shares info on gov't demands for user data...
ACLU Launches Smartphone App To Secretly Record Police Stops...
'Homeland Security' Report Lists 'Liberty Lovers' As Terrorists...
Greece to present debt inspectors 'alarming' data...
France Faces Major Test as It Enters 'Danger Zone'...
Cyprus starts bailout talks with EU, IMF...

Ex-President Sarkozy's home, offices raided by police...

7-2-12 Factory output at three-year low...
Survey reports large decline in activity...

ECONOMIST: 75% of Obamacare costs to fall on Americans making less than $120,000 a year...

Gov. Scott Says FL WILL NOT Comply with Law...
UPDATE: ROBERTS SWITCHED VOTE...
Republicans see way to repeal...

REPORT: White House salaries grow...

Obama campaign fundraising -- off heat wave?

NO LIGHT IN SIGHT...
ON YOUR OWN: During Virginia storms, 911 system failed for 48 hours...
DAY 3: Millions Still Without Power...
'CATASTROPHIC' DAMAGE TO POWER GRIDS...
'Unscheduled Leave' For Federal Workers...
Newt Gingrich: 'Mild Taste of What an Electromagnetic Pulse Attack Would Do'...

6-29-12 SECRET WIRETAPS ROCK DOJ...
CLOCK TICKING ON HOLDER...
Republicans vow court action; demand documents...
HISTORIC: House could arrest Attorney General...

6-28-12 MICHAEL SAVAGE: 'ROBERTS EPILEPSY MEDICATION AFFECTS HIS COGNITION'...
FLASHBACK NYT: Roberts drugs 'can have troubling side effects, mental slowing and forgetfulness'... { Wow! Who woulda thunk it, known it! I certainly didn’t know of roberts’ condition. And, yes, the effects of said drugs are significant, serious as set forth above and over time particularly, debilitating. Roberts should step down, not that the u.s. supreme court is some font of reason, sound judgment, and wisdom, even lawfulness. Indeed, quite the contrary is true. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

SUPREME COURT RULES:
OBAMACARE STANDS...
Mandate survives AS A 'TAX'...
Chief Justice Roberts joins left of the Court...
'It is not our role to forbid it, or pass upon its wisdom or fairness'...
.PDF OF OPINIONS
Dissent: 'We Cannot Rewrite the Statute to Be What It Is Not'...
FLASHBACK: Obama: Mandate is NOT A TAX...
VIDEO...

RUSH LIMBAUGH: 'WE NOW HAVE THE BIGGEST 'TAX' INCREASE IN HISTORY OF THE WORLD'...

21 TAX INCREASES...

Did Justice Roberts change his vote at last minute?
George Will: Conservatives' consolation prize...
Republican governors vow to ignore Obamacare...
HOUSE REPEAL VOTE SET FOR WEEK OF JULY 9...
Speaker Boehner: 'Ruling underscores urgency'...

6-27-12 Contempt vote on Holder will proceed...
...last-minute talks fail
Black lawmakers plot 'walkout strategy' during vote...

28.9% unemployment rate in Yuma, AZ...

Merkel dismisses Spain, Italy pleas for aid...

'EPIC' WILDFIRE RAGES IN COLORADO...
300+ Homes Burned...
Obama Shrunk Aerial Firefighting Fleet...

6-26-12 ZIMMERMAN PASSED POLICE LIE DETECTOR...
REPORT...

Stockton, CA braces for bankruptcy...

HOLDER: 'It's Going to Get Really Busy on Thursday, Apparently'...
Hoyer: Some Dems Will Vote For Contempt...

Brewer: White House tells Arizona to 'drop dead'...

MO Dem Sen to Skip Party's Convention...
FLASHBACK: Obama's 'most reliable surrogate' in 2008...
ANOTHER: GA Dem. Rep. to Skip Convention...

PENTAGON HOLDS FIRST GAY PRIDE EVENT...

ANOTHER ONE: Cruise Ship Steward Sues Travolta...

6-25-12 BOOK: Obama Team Squandered Chance For 'Peace' in Afghanistan...

GALLUP: 44% Can't Name Obama's Religion?

BAM: SUPREME COURT TO RULE OBAMACARE ON THURSDAY...
BOOM: HOUSE VOTE HOLDER CONTEMPT ON THURSDAY...

SHERIFF JOE: 'I'M NOT STOPPING ANYTHING'

Stockton, CA faces midnight deadline to avert bankruptcy...

Obama Booed At Boston Fundraiser After Mocking Red Sox Trade...

BREWER: 'Assault' on AZ continues...
Romney: States have right to secure their borders...
Scalia warns of 'evil effects of illegal immigration'...

Putin to Israel: Don't rush to strike Iran...
'Look at what happened to Americans in Iraq and Afghanistan'...

Jimmy Carter Accuses USA of 'Widespread Abuse of Human Rights'...

U of Chicago Prof wants to shelve Obama library idea...

6-22-12 GREEKS KICKED OUT OF EURO!
EU Battle Spills Off Soccer Field...
Merkel heckled...
New Greek finance minister hospitalized after fainting...
Support growing for return of Deutschmark...

AMERICAN NIGHTMARE: SANDUSKY CONVICTED ON 45 COUNTS OF CHILD SEX ABUSE...
BAIL REVOKED... { Sweet sandy, the ‘frolicking funloving manchild’ (defense version), will have plenty of time for cornholin’ except, who’d let him and who’d want him. }

6-21-12 GALLUP: OBAMA FALLS TO 43%...

Housing market hits 15-year low...

MOODY'S DOWNGRADES THE BANKS

Unlike 2,000-Death Count in Iraq, ABCNBCPBSMSNBC Skip 2,000 Marker in Afghanistan...

Retiring Dem: 'The People Have Gotten Dumber'...
Sandusky's son says his father abused him...
Judge Bars Media From Reporting Verdict Until Court Is Adjourned...

Italian PM: We have a week to save eurozone...
Starving Greeks line up by the thousands for food handouts...

6-20-12 THE LONGEST DAY: EXECUTIVE PRIVILEGE

House panel votes Holder in contempt...
FULL HOUSE TO VOTE NEXT WEEK...
OBAMA REFUSES TO TURN OVER 'FAST AND FURIOUS' DOCUMENTS...
PELOSI: 'I could have arrested Karl Rove on any given day'...

Obama Spends More Than He Raises...
Team shrugs off campaign criticism...
Another Hollywood Fundraiser?

SHOCK: $9 Billion in 'Stimulus' for Green Projects Created Just 910 Jobs!

6-19-12 PAPER: Obama's grandfather tortured by the British? A fantasy (like most of the President's own memoir)... { http://albertpeia.com/wobamaschoomgangfantasy.htm }

LEAK: USA, ISRAEL CREATED 'FLAME' VIRUS AIMED AT IRAN

Issa to Holder: Get ready for contempt vote...
Negotiations stuck on getting documents...

Greece's ailing economy grinds to halt...
Companies can no longer afford to pay employees...
French business frustration boils over...
Spain and Italy to be bailed out...

THERE HE BOWS AGAIN: OBAMA MEETS MEX PRESIDENT...

Anti-Romney protesters paid to heckle?

FEDS STIKE OUT AGAIN: Baseball's Clemens acquitted of all charges... { How incredible is this? Trillion dollar wall street frauds (ie., corzine et als) unprosecuted and walking freeh, while the feds are persecuting Clemens over some ‘misperceived slight’. How pathetic these corrupt incompetents are! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }

PALIN: DRUDGE HISTORY... { Drudge history? I don’t even know what this headline means; but, I can tell you that palin’s history!

Joe McGinniss Sarah Palin Book, 'The Rogue,' Makes Controversial Claims About Former Alaska Governor ‘Joe McGinniss's new book, The Rogue: Searching for the Real Sarah Palin, hits bookstores next week, but its controversial claims about the former Alaska governor are already making waves.

In the book, McGinniss writes that Palin had a one-night stand in 1987 with future NBA basketball player Glen Rice nine months before she married her husband Todd. He quotes a friend who said Palin "had a fetish for black guys for a while."

"She was a gorgeous woman. Super nice. I was blown away by her," Rice tells McGinniss in the book, NBC reports. "Afterward, she was a big crush that I had."

McGinniss's book also alleges that Palin had an extramarital affair with her husband's business partner, Brad Hanson, in the mid-1990s, and snorted cocaine off a 55-gallon oil drum while snowboarding.

"An utter fraud. An absolute and utter fraud," McGinniss calls Palin in an interview about the book with NBC.

"At best, she's a hypocrite," McGinniss tells NBC's Savannah Guthrie. "At worst, she's a vindictive hypocrite."

McGinniss famously moved into a house next door to Palin's Wasilla, Alaska home to write his book -- prompting the Palins to accuse him of stalking them. They built a high fence along their property to protect their privacy.

In response to McGinniss's book, Todd Palin gave a statement to NBC saying that McGinniss "spent the last year interviewing marginal figures with an axe to grind in order to churn out a hit piece to satisfy his own creepy obsession with my wife."

"I'd ask the fathers and husbands of America to consider our privacy when one summer day I found this guy on the deck of the rental property, just 18 feet away next door to us, staring like a creep at my wife while she mowed the lawn in her shorts," Palin said.

McGinniss says that anything he learned about Palin by living next door did not make it into the book, but he does become a character in the story himself.

The New York Times writes in its review:

Soon Mr. McGinniss is settling in to enjoy the fuss his mere presence has created. "Normally, for a news story to continue beyond the first 24-hour news cycle, something newsworthy must occur," he writes loftily, but "The Rogue" is filled with proof to the contrary. What was his hate mail like? He quotes it. What did Glenn Beck call him? That’s here too. Who took umbrage at this venom and chose to help him? One man offered him a hideout, despite Mr. McGinniss's slight skepticism about his motives. "But you don’t know me," Mr. McGinniss protested.

McGinniss's book is scheduled to hit bookstores on Tuesday, Sept. 20.’

The Rogue: Searching For The Real Sarah Palin' Cover Revealed Call it Palin Noir. Joe McGinniss' upcoming biography of Sarah Palin has a cover design more fitting for a detective novel. It has a bold...

Joe McGinniss, Palin Neighbor & Author, Leaving Wasilla To Write Book ANCHORAGE, Alaska — Sarah Palin can take down the fence. Palin's neighbor of three months on Wasilla's Lake Lucille, author Joe McGinniss, is packing his...

Bristol Palin Interview Accidentally Reveals Mother's 15 Abortions www.theonion.comWASILLA, AK—Sarah Palin's political team was forced to do emergency damage control Monday after the former Alaska governor's daughter Bristol accidentally divulged on live television that her mother has undergone at least 15 abortions over the past 30 years. "She's always telling me how special I am, especially considering the five or six babies she aborted before I was born," Palin, 20, said during a CNN interview in which she was asked if she thought her mother would make a good president. "Then of course there were the twins she aborted shortly after having me, another four abortions after Willow somehow survived hers—but anyway, she's a wonderful mom. She just gets pregnant a lot and doesn't always want to have the baby." Palin also commended her mother's strength in carrying three babies with Down syndrome to term, and then even choosing not to give Trig up for adoption like the others.

6-18-12 Bloomberg Overheard Saying Romney Would Be Better at Running Country than Obama { Indeed, because it’s true! } ...

'MODERN-DAY NOSTRADAMUS' WARNS U.S. OF DOOM { One doesn’t have to be a modern-day nostradamus to ‘read these tea leaves’! }...

EU commission president blames crisis on US banks { Yeah! Wall street frauds to be more exact and a ‘save the ever-more worthless dollar’ mindset/approach by the u.s. government. Really! But, europe has proven to be dumb as rocks! } ...

6-15-12 Obama bundler in Chicago goes all in for Romney...

Foreign holdings of US debt hit record high...

BIDEN: 'Great' cities in China, not America anymore...

REPORTER INTERRUPTS OBAMA!
PRICKLY IN ROSE GARDEN...
PRESIDENT SCOLDS: 'I didn't ask for argument'...
But doesn't take questions -- again!
EDITOR: 'A reporter's job is to ask questions'...

OBAMA TO GRANT IMMUNITY TO YOUNG ILLEGALS...
FLASHBACK: 'The notion that somehow, by myself, I can do these things, it's just not true'...
Joy and anger...
SHERIFF JOE: 'They will still be arrested'...
Gov. Jan Brewer Blasts 'Backdoor Amnesty' Move...
LIMBAUGH: 'Open Borders Friday'...

FACEBOOK Told Regulators IPO Range Was Near Fair Value…{ Riiiiight! }...
Burglaries rise as Greeks hoarde cash...
Central banks prepare for turmoil...
EGYPT VOTES AMID CHAOS

Los Angeles County courts begin downsizing …{For all their ‘legitimacy’ (my personal experience), it’s a real shame they couldn’t be abolished outright! } ...

Man arrested for public sex with teddy bear -- for fourth time...

BURGLARS BREAK IN, BITE OFF VICTIM'S EAR...

6-14-12 Germany sounds crisis alarm as Italy, France demand progress...
Greek health system crumbles under weight of crisis...
Working Without Pay...
ELECTION: Decisive Moment...

Obama Speech Gets Thumbs Down From Political Press?

CHAOS IN CAIRO: MILITARY CLAIMS CONTROL...
A sense of dread...
...coup d’état
Biden Praises 'Arab Spring' on Same Day Egypt Dissolves Parliament...

Witness details shower encounter in Sandusky sex abuse trial...
'Tickle Monster'...
Should have been charged in 1998...

6-13-12 Fears rise over EU handling of debt crisis...
Greeks Withdraw $1 Billion a Day Ahead of Vote...

CASINO BOSS BETS $10M ON ROMNEY! { Good Bet! That’s a Winner! }

CHINA VOTED TOP ECONOMIC POWER ON EARTH...

SLAP: RUSSIA DEFENDS ARMS SALES TO SYRIA

MAG: Is legalizing weed Obama's October surprise?

GERMAN MEDIA TURNS ON OBAMA...

Unions organizing -- unemployed...

COPS: Naked Man High On 'Bath Salts' Tries To Attack 3-Year-Old Girl On Miami Beach Playground...

6-12-12 DEFICIT DOUBLES IN YEAR
POSTAL CHIEF: We're headed for Greece...

SPIKE LEE WORRIED ABOUT OBAMA'S RE-ELECTION CHANCES { Duh! C’est la vie, fait accomplis! Incompetent wobama the jive-talking grifter/con-man is done! } ...

'People ain't got jobs, people are hurting'...

POLL: Obama rapidly losing support among black voters { GOP: Don’t believe this, and don’t count on it! Wobama will get near 100% of the black vote based on skin color alone and for no other reason whatsoever! } ...
White support cracking...
Jewish support in NY drops 22% -- in 1 month!
UNION MEMBERS BAIL...

IMF chief Lagarde warns world risks triple crisis...

NEXT: Worry for Italy Quickly Replaces Relief for Spain...
Trevi fountain crumbling 'for lack of maintenance'...
EU Mulls Worst-Case Scenarios If Greece Leaves Euro...
Spain deal 'will come apart in less than a month'...

6-11-12 DYSPHORIA: Dow spooked over 'Spailout,' drops 143 points...

NET WORTH OF AMERICAN FAMILY FALLS 40% IN 3 YEARS...
HOUSE SETS CONTEMPT VOTE ON HOLDER...
BOEHNER: 'Justice Department out of excuses'...
Issa expects 31 Dems to join...
FLA TO SUE FEDS OVER VOTER PURGE

REPORT: ITALIAN BANK DECLARES 'HOLIDAY'...

Bernanke Bonds: Fed's Holdings of US Debt Soars 452% under Obama...
Eurozone agrees to lend Spain up to $50 billion $125 billion...

WATCHING YOU

Obama campaign's data mining 'reaches far beyond anything politics has ever seen'...

'Obama Girl' won't endorse Obama!

KARZAI COMPLAINS: US failed to consult Afghans on airstrike...
Veiled suicide bomber kills 4 soldiers...

'Canadian cannibal' sent videos to 'fans'...
Did he strike in Miami, too?

For election favor, Obama looks to Merkel, again...
Seeks to woo Hispanics...
Lanny Davis: Vicious People Working For President...

WITNESS: 'I was his girlfriend'...
'Victim No. 4 describes 'soap battles'... { The defense: just a frolicking, cornholin’, fun-loving man-child; that sweet sandy was! Riiiiight! }

6-8-12 UPDATE: S&P keeps US rating unchanged, outlook 'negative'...
Obama Backs Off Comment 'Private Sector Is Doing Fine'...

IT'S BAD

Don Rickles Shocks Hollywood Crowd with Obama Jokes...
'He was over to the house yesterday, but the mop broke’ {I think Don Rickles may be exagerating a bit because obama is strictly a lawn jockey}'

DETROIT 'BROKE IN 1 WEEK'...

Argentina loses third of its dollar deposits...
...foreign exchange restrictions

'FACEBOOK Funds' Plunge...
UBS May Have Trading Loss of $350 Million...

REPORT: UN to take up 'global Internet tax' proposal … [ It is unfathomable that anyone takes such a failed organization as the u.n. seriously; they’re a costly, extravagant, waste of money! Any costs so leveyed should be deducted from dues foolishly and wastefully paid to the u.n.. Time to abolish the u.n.! ] ...

REPORT: High school cancels Hollywood producer's grad speech over 'right-wing' views...

6-7-12 Unemployment in Greece hits 22%...
SPAIN: SAVE OUR BANKS OR BREAK EURO...
Germany Finalizing Face-Saving Deal...
Long lines at pharmacies in Greece...
France cuts retirement age -- TO 60...
US blamed for on-going massacre in Syria...

Holder Claims Emails Using Words 'Fast and Furious' Don't Refer to Operation 'Fast and Furious'...
REPORT: 'Mole' inside DOJ...

HALPERIN: DEMS NOW BELIEVE OBAMA COULD LOSE { Duh! Truth be told, as I’ve already told it on my website, that is ‘fait accomplis’! }

ROMNEY CASH HAUL TOPS OBAMA...
'Gender gap' narrows...
SHOCK POLL: ROMNEY AHEAD IN MICHIGAN { This should come as no surprise inasmuch as Michigan has suffered under the hapless wobama while becoming blacker with all the negatives entailed therewith. Michigan’s prospects along with the suffering rust belt as with the rest of the nation will only be enhanced by Romney’s Presidency! } ...

Black Rock: 'We Ignore the President's Whiteness, But It's There' { This election, wobama’s blackness won’t be ignored! } ...
PELOSI: Health law represents 'life, liberty and pursuit of her’s and wobama’s happiness'...
POLL: Large majority want Supreme Court to overturn...

Bill Clinton 'very sorry' for saying Bush tax cuts should be extended...

UPDATE: Senator Demands Inquiry Into Attacks on Conservative Commentators...

6-6-12 GREECE RUNNING OUT OF CASH

France cuts retirement age -- TO 60...
Germany Finalizing Face-Saving Deal for Spain...

UH O...
WALKER WINS [AGAIN]...
'RECALL' DEFEAT SPELLS DOOM FOR PUBLIC SECTOR UNIONS...
Voters in California Back Pension Cuts for City Workers...
ROMNEY: 'TONIGHT'S RESULTS WILL ECHO BEYOND BORDERS OF WISCONSIN'...
'PULITZER' NEWSPAPER MOCKS DRUDGE FOR INFORMING READERS...
MEDIA BLOWS IT...
'Kill Scott Walker': Angry libs flood TWITTER...
WASHPOST: 7-point victory 'close vote'...

Pelosi: Ghosts of past women leaders spoke at White House meeting...

Stocks rise on hopes of new Fed pumping...
'Very Worried' About EU Banks...

Debt Per American Set to Triple in a Generation to $147,000...
CLINTON: USA Already in 'Recession,' Extend Bush Tax Cuts...
WHITE HOUSE: Nope...
BUBBA: 'I didn't have any idea' undermining Obama's campaign message...

VANITY FAIR: 'HE DOESN'T NEED PEOPLE'... Four years ago, Barack Obama said he wanted a Lincoln-esque “team of rivals” in his Cabinet. Thanks to his own temperament, the modern White House, and the 24-hour news cycle, what the president has created is something that doesn’t look Lincoln-esque at all. { Come on! Does anyone at this point take anything wobama the b for b***s*** says, past or present, seriously? He’s total b***s***, end of story! }

6-5-12 ROMNEY: Obama holding onto shares of GOV'T MOTORS to avoid embarrassment of big losses...
Gov't Down $16B on Bailout...

EXIT POLLS: CLOSE, BUT NO 'RECALL'

WI EXIT POLLS: REMATCH SIMILAR TO ELECTION 2 YEARS AGO, SOURCES TELL DRUDGE... '5 POINT MARGIN'... DEVELOPING...
White House downplaying...
WASH POST: 'Makeup of voters appears very close to original 2010 contest'...
VOTER SHOWDOWN: DEMS CRY FOUL...
Hundreds Report 'Photo ID' Issues...
400 Lawyers At The Ready...
Report: '119%' Voter Turnout in Madison...

'Remember Me? I'm the Only Guy Who Gave You Four Surplus Budgets ( THANKS TO THE PEACE DIVIDEND! PEOPLE MUST GET THAT REALITY/TRUTH THROUGH THEIR WAR-MONGERING SKULLS! )'...
USA Already in 'Recession,' Extend Bush Tax Cuts...
DICK MORRIS: 'He Does Not Want Obama to Win'...

FREEFALL CONTINUES...
FACEBOOK 'worth a look' -- at $20!
MORGAN STANLEY Lending Shares to Sell Short...

Jackson Browne cools on Obama...

6-4-12 EVEN MAUREEN DOWD BEGINS TO TURN

Debt Has Increased More in Last 15 Months Than First 97 Congresses -- Combined!

Obama Gets 'Left' Behind; Libs Turn...
NYT: Weak Economy Points to Obama's Constraints...
Jon Bon Jovi Gets A Ride On Air Force One...
Hispanic unemployment jumps to 11% in US...
S&P down 10% since April...
Japan's Debt Sustains Deflationary Depression...
FACEBOOK 'will disappear'...
Buyers' remorse for California's 'bullet train to nowhere'...

War in White House: Holder and Axelrod 'had to be separated'...

Tokyo Stocks Hit 28-Year Low Amid Global Rout...
FUTURES...
Euro Zone Nears Moment of Truth on Staying Together...
SOROS WARNS: 3 MONTHS...
Spain Seeks United Effort on Banks; Pressure Builds on Merkel...
The week Europe stopped pretending...
Retirement Age '80' After Crisis?

BULLS, BEARS OR BUST?
REPORT: Air Force drone spied on US soil...

6-1-12 MAY MESS: UNEMPLOYMENT GOES UP...
STOCKS COLLAPSE...
Weak US Job Growth Threatens World Economy...
This Summer 'Eerie Echo' of Pre-Lehman...

HELL DAY
Obama has big plans for when Republican 'fever' breaks...
HAS OUTSPENT PAST FIVE PRESIDENTS...
Bill Clinton: Romney's Business Record 'Sterling'...

Top Italy banker says risk of euro breakup growing...

5-31-12 Geithner warns Spain...
TIME BOMB: Banks Pressured To Buy Up Government Debt...

UPDATE: China and Japan to begin direct currency trading...

Stocks Post Worst May Since 2010...
Anxious June...

5-30-12 Investors flee Spain as financial crisis spirals...
'Total emergency'...
France to cap top pay...
French irked by EU use of English...
MOODY'S downgrades Danish banks...

MORGAN STANLEY CEO defends FACEBOOK IPO conduct...

'WE'RE NOT MAKING A BOMB'

Bilderberg Launches Unprecedented Security Crackdown...
Talk of machine guns & surveillance spooks hotel guests...
Rockefellers and Rothschilds unite...

5-29-12 FACEBOOK FREEFALL CONTINUES...
Stock sinks below $29...
'Worst IPO in decade'...
SHOCK REPORT: 40% of social media accounts ARE SPAMMERS...

Home Prices Hit Fresh Lows...

Biggest Greek bank warns of dire euro exit fallout...

Romney Campaign Hits Obama On SOLYNDRA...
Carney Struggles With SOLYNDRA Questions...
Holder to brief black pastors on campaigning for Obama...
'BATH SALTS' TRIGGERED BLACK SOUTH BEACH CANNIBAL

NASA to future moon explorers: Don't wreck our fake Apollo landing sites fiction...
'Biggest collapse of law firm in U.S. history' as DEWEY & LEBOEUF goes under...

Warning signs for Obama on path to electoral votes...

NOONAN: Romney's Moment...

LLOYD'S OF LONDON preparing for euro collapse...
Switzerland draws up action plan...
Greece says public finances face collapse...

GOOGLE GRABS SECRETS OF PRIVATE LIVES...
Emails, texts, photos, documents taken from wi-fi networks...
Deliberately stole information but 'covered it up'...

Congress mulls letting UN regulate Internet… { What a total fraud and farce; to do indirectly what the people and constitution would prohibit directly! How pathetic! How indicative of decline! } ...

Miami Police Shoot Naked Man -- Eating Face Of Other Naked Man...
'Like a rabid dog'...
'Tearing him to pieces with mouth'...

ILLEGAL KIDNEY TRADE BOOMS AS NEW ORGAN 'SOLD EVERY HOUR'...

5-25-12 Plans for emergency immigration controls if euro collapses...
Spanish bank asks for biggest bailout in country's history...
Fear Seen in Money Transfers...
Faber: Chance of Global Recession Now 100%...

ZUCKED UP: CITI LOSES MILLIONS
IPO Seen Deepening Investor Distrust of Stocks...
SEC eyes Nasdaq...

Obama Pot-Smoking 'Choom Gang'...
Thanked drug dealer, not mom, in high-school yearbook...
Twice in 2 Days Mentions 'My Sons' -- even with Teleprompter...

340-pound woman punches, pepper-sprays, spits on PIGGLY WIGGLY workers in bid to steal food...

5-24-12 REAL DEFICIT LAST YEAR: $5 TRILLION...
REPORT: Senate Dems pay female staffers less than male staffers...

HALF OF DETROIT STREETLIGHTS MAY BE TURNED OFF
ZUCKER BORN EVER MINUTE:
FIDELITY facing 'thousands' hit by FACEBOOK woes...
MORGAN STANLEY STILL HAS ISSUES...
CITADEL Latest Firm to Report 'Significant' Losses...

Big European funds dump euro assets...
Investors Running Out of Safe Havens to Put Money?

NIELSEN: DRUDGE READERS MOST EDUCATED...

5-23-12 UPDATE: Eurozone looks at Greek exit as leaders meet...
Germans ready to boot Greece out...

ARMING OF DRONES IN AMERICA

Russia tests new missile, in warning over U.S. shield...

Feds questioned accused cocaine trafficker about Sharpton (the ‘cocaine diet’), Diddy, Wyclef Jean...

BBC: 'Barcode Everyone at Birth' with 'implanted chips'...
Bilderberg Pushes Mandatory Internet ID for Europe...
Bars using new app and hidden cameras to scan customers' faces...

GOOGLE chairman: 'We face fight for future of web'... ‘One of Google’s most senior executives issued a stark warning tonight that the power of the internet to free some of the world’s most oppressed people risks being overturned by autocratic governments who seek to “Balkanise” the web by controlling what can be accessed…dictatorial regimes were increasingly looking to control who has access to the web by “filtering information they fear or prohibit.”…’

5-22-12 ZUCKED!

NASDAQ WOULD HAVE PULLED STOCK....
THE $40 BILLION VANISH...
MORGAN STANLEY Under Review...
Massachusetts subpoenas...
Selloff Nearly Turned Into Bigger Run...
Stock Loses 18% of value...
Investor Sues...
'The insiders got greedy'...
'They knew the jig was up'...
Zuckerberg sell shares...
FRIENDS: OBAMA TOUTED FACEBOOK IN 'CAMPAIGN' TOWN HALL...
DOOM: FACEBOOK could destroy economy?

5-21-12 Bankers Under Fire as FACEBOOK Slips 11%...
'No Bottom'...
Fiasco Latest Blow to Morgan Stanley...
FACEBOOK denies it aims to lift ban on under-13s joining...
FACEBOOK sinks deeper...
$19 billion washout...
Underwriters bail...
Where are friends?
HOLLANDE STEALS NATO SHOW...
Skips Obama speech...
UPDATE: 43 Catholic organizations file lawsuits against Obama contraception mandate...

Sheriff Joe sends detectives to Honolulu...

53,000 'Dead Voters' Found in Florida...

5-18-12 Romney warns economy is on 'path of California'... { Yes, that’s really true; and, beyond the hype and propaganda, that’s a real negative! }
Debt Up $12,984 Per Household Since 2011 Spending Deal...

Underwriters Stepped In to Support Shares at Offering Price...
Trade Disorder Plagues Nasdaq...
Messy Debut...
'Disastrous'...
SEC to probe glitches...
Zuckerberg In '04: 'No Intention' Of Making Money...

FAKEBOOK: IPO GIVES NO RETURN

NATO protesters occupy Chicago streets...
Police Raid Apartment, Seize Beer-Making Equipment...
40 Fed Agencies Man Secret Command Center...

5-17-12 'BORN IN KENYA'

How did the mainstream media miss this?
Obama Literary Agent Says 1991 Booklet was 'Mistake'...
EUROPE ROCKED BY SPANISH BANKING CRISIS...

New French government takes 30% pay cut...

NO ESCAPE: DEMS WANT TAX FOR LEAVING USA...
'Ex-PATRIOT Act'...
UPDATE: 'Mystery object' that nearly caused mid-air collision believed to be drone...
STUDY: 96% of restaurant entrees exceed USDA limits...
Feds fine Utah school for accidentally selling soda at lunch...

5-16-12 Obama's budget goes down in flames...
Unanimously rejected by DemSenate...
Fails to get single vote anywhere in Congress...
Even labor unions oppose...
Warning Signs For Obama -- in Wisconsin?
Wall Street goes bearish on stocks
Insiders Cashing Out...
White jogger 'randomly' gunned down in broad daylight...
COPS: May have been gang initiation or dare...

Judge Napolitano: First Patriot To Shoot Down A Government Spy Drone 'Will Be A Hero'...
'VULTURE FUNDS' CIRCLE AS GREECE FEARS GROW...

5-15-12 Obama worth up to $10 million...
Has up to $1 million with JPMORGAN...
Stimulus funded erectile dysfunction studies...
POLL: ROMNEY LEADS WITH WOMEN...
WH called out for skipping female reporter at press briefing...

BANK RUNS HIT GREECE
Merkel and Hollande join forces on Greece...
Europe prepares for 'messy' exit...
Little country threatens big impact...
Italy's banks shaken; Slump deepens...

Zimmerman Medical Report Shows Broken Nose, Lacerations After Trayvon Martin Shooting...

Couric gets the princesses...

5-14-12 EU ON THE BRINK...
Euro Weakens on Greek Exit Spec...
Big Debt Payment Due Tuesday...
Italian banks DOWNGRADED...

WORLD BRACES FOR EURO SPLIT

CBSNYTIMES POLL: ROMNEY PULLS AHEAD BY 3...
PAUL OUT...

ALERT: Euro Officials Begin to Weigh Greek Exit...

Fear grows of Greece leaving euro...
Will 'run out of money soon'...
Moment of truth...
Euro Parity With the Dollar?
If Greece goes... who and what would be next?
Turmoil boosts London property stampede...
IMF concerned about Kuwait's finances?

CRUSHING DEFEAT...

3 to Exit J.P. MORGAN After Shock Losses...
Dimon Remains...
Obama: JPMORGAN 'One Of The Best-Managed Banks' {by failed president wobama standards which of course is no standard at all}...
Anti-capitalist protesters storm campaign HQ building...

UPDATE: 230,000 unemployed lost benefits over weekend...
CA DOWN $16B...
BROWN WARNS OF BIG CUTS...
'Worst recession since 1930s'...
Obama pushes new billion-dollar stimulus plan...

NBC ADDS SITCOM FROM OBAMA SPEECHWRITER...

5-11-12 B A C K L A S H:
POLL: ROMNEY 50% OBAMA 43%...

Stocks Worst Week of Year...
JP MORGAN Dimon: 'We Screwed Up'...
$2 Billion Loss...
Credibility at stake...
Fed 'Investigates'... { Riiiiight! Nothing to worry about now, the fraud inducing failed fed’s on the job! NOT! Worry! Really worry! Much worse to come! http://albertpeia.com/fedponzifails.htm http://albertpeia.com/fraudulentfedhasfailed.htm

MSNBC Anchor Cuts off Contributor's Mic over Romney Defense...
'You're in my house, now'...

CLINTON: O'S AN 'AMATEUR'...
BOOK: Bill urged Hillary to quit Cabinet, run in primaries...
Obama's Own Doctor Slams ObamaCare as 'Failure'?
BEACH BOYS SINGER: 'Obama's a Socialist A**hole'...
FACEBOOK CO-FOUNDER GIVES UP U.S. CITIZENSHIP BEFORE IPO...

Talkradio host found shot to death inside home... { This is jersey! This could be anything from a mob hit to random, pervasive violence, etc. }

Police Sent To Collect Overdue Library Books From 4-Year-Old Girl...

Shopping Mall Requires Teens To Be With Parents After 6 PM...

Chicago Officials Ban Food, Drinks, Backpacks On City Trains...

NSA, GOOGLE SPY TIES 'CAN REMAIN SECRET'

GOOGLE starts mapping indoor locations!

Air Force Document: Drones Can Be Used To Spy On Americans...

5-10-12 Obama: 'Sometimes I Forget' Magnitude of Recession…{ Oh! How conveniently forgetful, though the vast majority of americans don’t have wobama’s luxury of feigned amnesia suffering from what wobama did and didn’t do contrary to promises last time around the perpetual campaign trail littered with his typical jive-talking b***s***! The following headline will help him remember some of his sordid, pot-clouded high school past! }...
FLASHBACK: Obama's Sordid High School Past...
By Ben Shapiro ‘While the Washington Post has been diligently digging into relatively innocent high school pranks by Mitt Romney, they’ve spent the last few years diligently ignoring President Obama’s far more controversial high school days.Obama, by all accounts, was a habitual drug user in high school. He tried cocaine, he admits in Dreams From My Father; he “tried drugs enthusiastically.” The Chicago Tribune reported back in 2007 that Obama thanked the “Choom Gang” in his high school yearbook; “chooming” was Hawaiian slang for smoking pot. The Honolulu Advertiser reported that Obama’s senior portrait “prominently displayed … A package of ‘Zig-Zag’ rolling papers and a matchbook.” One of Obama’s close friends was arrested for drug possession during high school.In his memoir, Obama talked about routinely getting high. “Junkie. Pothead,” he wrote. “That’s where I’d been headed: the final, fatal role of the young would-be black man.” But, according to Obama, he only got high because he was contemplating deep matters: drugs could “push questions of who I was out of my mind.” Obama told students in 2007 that this activity constituted “goofing off” and “wasting time”:"I will confess to you that I was kind of a goof off in high school as my mom reminded me," Obama said. "I went to high school in Hawaii, so there's a lot of opportunity to goof off because the weather is really good all the time …"You know, I made some bad decisions …. You know, got into drinking and experimenting with drugs. There was a whole stretch of time where I didn't apply myself. It wasn't until I got out of … high school, and went to college that I started realizing, man, I wasted a lot of time.”The New York Times, however, went out of its way to find Obama’s classmates to testify that drugs played only a “bit part” in Obama’s youth. Yet Obama would later brag on the campaign trail that he “inhaled frequently … that was the point.”During his high school years, Obama hung out with communist radical Frank Marshall Davis; in 2007, the Los Angeles Times reported that during his high school days, “he felt the first stirrings of anger toward whites. He says he also delved into black nationalism.” He was “offended or even enraged when white classmates adopted black street slang or revealed their underlying consciousness of his race by going out of their way to tell him how much they admired a black musician or athlete.” This activity is certainly more reflective of Obama’s ideological history than Mitt Romney’s pranks on teachers and fellow students. And as for the drug use – well, that seems just a bit more serious than walking a teacher into a door or cutting a student’s hair. But leave it to the Post to ignore or downplay all of that in favor of continuing stories about Romney’s dog, his high school hijinks, and whatever other nonsense they can use to protect President Obama from his own incompetence.’ Ben Shapiro is Breitbart News Editor-at-Large.  Follow him on twitter @benshapiro.
Cracks in the Washington Post story on Romney’s ‘pranks’ emerge
Correction Request: Washington Post Uses Falsehood in Romney Hit Piece
Media Downplays Obama's Past, Tries to Define Romney with Teen Prank
If we're going to delve deep into a candidate's past, let's delve deep into a candidate's past. Here's Obama in his own words admitting to physically shoving a little girl named Coretta. Yes, it was at this moment that the first shot in the War on Women was fired.http://albertpeia.com/obamashovesgirl.png No doubt that after expending all that energy bullying an innocent little girl, young Obama readied himself for round two by eating a Golden Retriever. More on this breaking story here.If you're wondering what the rules are regarding a candidate's past; how far back we're allowed to go in an attempt to define them -- the answer is simple: the corrupt media will let us know.
Washington Post Disgraces Itself By Targeting Romney's 'Anti-Gay' High School Pranks by Ben Shapiro { It is true! The once great now failed newspaper, the washington post, is an absolute disgrace! But a shadow of its former self, the post is biased presumably owing to shared desperation with the failed president wobama in return for access. So egregious had the bias become wherein ‘sensitive’ commentary antithetical to wobama and his, seldom seemed to work/post properly; and, then of course, the post’s pro-wobama perpetual darkness-induced blind ‘constituency’. I stopped posting there and have not visited their site since nor will I ever again. A rather pathetic swansong / end / wind-down / final chapter for what was once a great newspaper for which I had the utmost regard and respect! }
Obama WILL NOT pursue gay marriage as part of party platform...
STONE: 'Playing a cruel and cynical game'...
Unites Republicans?
New Black Panther Niggers Plan Newspaper Cover With Zimmerman In Noose { and civilized people everywhere should respond with niggers in nooses and contributions to the Klu Klux Klan! } ...
LOONEY CLOONEYLAND: BIG CAMPAIGN BOXOFFICE FOR NIGGERO – Meanwhile, looney clooneyland ain’t doin’ so well with the niggero model – see next headline! ...
Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm
Postal Service loses $3.2b in first quarter...
78% of California 8th graders fail national science test...

5-09-12 Fed clears China's first US bank takeover...

324,000 Women Dropped Out Of The Labor Force -- In Last 2 Months!

EVOLUTION: OBAMA NOW BACKS GAY MARRIAGE… [ Well, with some frolicking documented cocaine/gay sex romping in his past, he’d be hard pressed not to. Interestingly, Clit Eastwood has come out in favor of gay marriage saying he doesn’t give a f**k… good for you Clit; spoken like a true egalitarian. Truth be told, I always liked those spagetti westerns that put him on the map; his own ‘Pale Rider’, particularly; and of course, the ‘Dirty Harry’ series. Aside from that, I find him/his films boring, shallow, and plebian beyond tears; hardly the philosopher king. Yet, I also don’t give a f**k regarding gays living their lives as they wish, with full constitutional protections consistent with their presumed law-abiding lives, particularly in a world like this, such as it is. But, that doesn’t mean the ‘state’ must get behind (no pun intended) same. There are few if any legal statuses that can’t be achieved through legal document, ie., adoptions, trust beneficiaries, etc.. Marriage, procreation, the province of a man/woman relationship has always been a given. Also interesting was the take on same by reknown Psychiatrist Maslow (his famed, laudable work regarding hierarchy of needs, etc., needs no introduction) who wrote and posited that homosexuality was physically, anatomically contraindicated. Again, let me reiterate a live, let live position while cautioning against the state getting behind (again, no pun) same and potentially giving young, pubescent, impressionable boys the idea that penises were made for male a**holes and not female vaginas. ] ... OBAMA ADMITS FABRICATING GIRLFRIEND IN MEMOIR { Latent gay man obama - ... Barack Obama: The Naked Emperor Shocking but true revelations from David Icke| ..Obama is just more of the same, a big smile with strings attached, and controlled completely by those that chose him, trained him, sold him and provided his record funding, kept his many skeletons under wraps, like the gay sex and crack cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp, who is alleged to claim that someone claiming to represent me called asking for $100,000, to keep me from coming forward about our (Obama and I) November 1999 encounter of sex and cocaine use?), ... Obama is just another Banksters' moll prostituting himself .., and that's why he supported the grotesque bail-out of the banking system and why he will always put their interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv }
OBAMA NOW BACKS GAY MARRIAGE
Raises $1 Million in 90 Minutes...
GAWKER: Bulls**t Announcement...
LAWYER: MORE Travolta accusers coming forward...

5-08-12 GALLUP: ROMNEY RETAKES LEAD...
UPDATE: Empty seats haunt Obama...

VOTED OUT! AFTER 36 YEARS IN SENATE...

HOUSE TO VOTE ON ‘DEFENSE OF THIEVING NIGGERS TRAYVON LAW’...
Would cut funding to states with self-defense laws {only criminals can offensively use weapons}...

Over 1300 Tubes Damaged at Ailing San Onofre nuke plant...

Vague 'evolving' gay marriage stance under scrutiny...

Reporters 'laugh at' flustered WH spokesman...

John Travolta sued for $2M by masseur 'over sexual assault'...
REPORT: Second Male Masseur Files Suit… {Star of gotti biopic outed after years of innuendo, suspicion; did gotti have a secret life beyond what we’ve been told? Naah…it was probably that tony manero guy that always seemed more interested in dancin’ than *******! Travolta, the avowed scientologist, should have hooked up with latent gay wobama…better security!}...

5-07-12 GALLUP: ROMNEY RETAKES LEAD...

Labor Force Participation Lowest Since 1981...
Disability applications soar...
Gloom builds for euro zone, United States..
OBAMA OPENS TO EMPTY SEATS...
REPORT: DOJ fails to nail Wall St. bigs...
No. of corporate securities and bank fraud prosecutions at 20-year low…[ wobama/holder jive-talk/b***s***, corruption, cowardice! You remember all that campaign rhetoric of yesteryears election. ]...
Oil Prices in Free Fall as Worries Spur Selling...

OBAMA CAMPAIGN LAUNCH IN HALF EMPTY STADIUM?
Taliban STRONGER than before U.S. troop surge?

Space weather expert has ominous forecast...

FRANCE TURNS LEFT...
Battle with Berlin...
EU DRAMA...
Sarkozy latest victim of anti-incumbent backlash...
Hollande: 'My real enemy is world of finance'...
Obama invites to White House...
New First Lady nicknamed 'Rottweiler'...
Wealthy eye move across Channel...
Euro Weakens...

NEW WARNING: 42% OBESE?

5-04-12 UN: USA should return stolen land to Indian tribes...

Anemic jobs data hit Obama launch; Official campaign starts under shadow...
Labor Force Participation Lowest Since 1981...
Disability applications soar...
Gloom builds for euro zone, United States..
Oil Prices in Free Fall as Worries Spur Selling...

Paul Ryan: Obama's 'Julia' website 'creepy' and 'demeaning'… {Ryan forgot to say ‘pathetic’!}...

5-03-12 UPDATE: Arrest made in black-mob attack on whites...
Romney team sees path to winning presidency…{Indeed! Congratulations President Romney and First Lady Ann!} ...

Americans flee banks for home safes {Sounds like a plan!}...

Young Italians flock to become shepherds...
Spain's poorest region suffers 32% unemployment...

UPDATE: Russia threatens to strike NATO missile defense sites… { And, they mean it! Why? Potentially, the same would remove the mutually assured destruction (MAD) deterrent; and hence, is construed as a provocative, offensive gambit. Folks, at this point particularly (remember: decades at best), but at any point, such attempts to remove such destructive balances as deterrent is foolish to the point of being construed as insanity. As stated in that film of the aposite name ‘War Games’, ‘best not to play!’ } ...

Student's ordeal in DEA jail sparks outrage...

Chinese Activist Makes Plea to U.S. Congress...
Obama under fire... {While there’s plenty of deserved critism for wobama, on a multitude of issues, and should indeed be voiced by a multitude of people; smith of pervasively corrupt, mob infested/controlled jersey is not one to be doing the criticizing. As with america generally, there is certainly nothing positive that can be said of the sordid state of new jersey!}

BLIND CHINESE ACTIVIST: THE PERFECT NEW AMERICAN CITIZEN – DOESN’T KNOW ANYTHING ABOUT AMERICA AND HE IS BLIND! US Using Staged “Blind Activist” Stunt For Leverage Ahead of Talks Prisonplanet.com
Why Is It Necessary For The Federal Government To Turn The United States Into A Prison Camp?

http://albertpeia.com/usprisoncamp.htm

{ I really must say that this is a tough one because the vast majority of americans are inherently criminal, with the highest crime rates in the world among the so-called ‘civilized’ nations (you can’t count the niggers of sub-saharan africa as civilized, and there’s no question but that the niggers have disproportionately skewed the american crime rates, particularly violent crimes, higher); including, from my direct observation and experience, that within all three branches of the u.s. government. Indeed, the (should be prison) inmates are running this asylum called america. The reality is that there are so many americans that are not in jail who should be in jail, it’s difficult to avoid these harsh third world measures in what has essentially become a third world nation overrun by the most sordid, despicable criminals one can imagine. They must really prosecute the biggest criminals including the oligarchs as, ie., the huge frauds on wall street, etc., and ‘bury’ the violent repeat offenders, etc., without exception. The problem with america is not the terrorist threat from without, but rather the plethora of inherently criminal americans within. Moreover, the corruption is pervasive and systemic. Unfortunately, crime pays in america and pays well; and, God help you if you try to live within the law and get in their way or potentially cost them money or some of their illegal business because no one else will. There’s criminal control at all levels of american society. That’s the problem; with the relatively few non-criminally inclined, criminal by complicity inasmuch as americans are for the most part gutless cowards who go along to get along along with a million other excuses, not the least of which is ‘the price was right’. That’s reality! That said, it’s the ‘for or agin’ me primitive mentality that pervades the u.s. government, ‘thought police’, arbitrary powers of detainment, abrogation of first admendment rights, internet intrusion/censorship, arbitrary enforcement of the law, etc., that is and I find particularly appalling, counter-productive, and regressive. There is an element of projection, given some of the evil things the government has done abroad; blowback being not entirely out of the realm of possibility which ultimately is the sad consequence of the worst of human nature which is invariably inclined to go too far in the worst way. The sad fact is that as with any banana republic, the governmental powers that be go to whatever nefarious lengths necessary (control by whatever means, at some level) to unreasonably maintain their access to undeserved power, money, resources, luxuries, etc., invariably to the detriment of the vast majority as is so here in america today. There are very few positive things that can be said of america today. I, for one, cannot think of any at all! [ ‘america, love it or leave it’? Love it? Truth be told, I don’t even like america! See, ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm ] }

5-02-12 OBAMA ADMITS FABRICATING GIRLFRIEND IN MEMOIR { Latent gay man obama - ... Barack Obama: The Naked Emperor Shocking but true revelations from David Icke| ..Obama is just more of the same, a big smile with strings attached, and controlled completely by those that chose him, trained him, sold him and provided his record funding, kept his many skeletons under wraps, like the gay sex and crack cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp, who is alleged to claim that someone claiming to represent me called asking for $100,000, to keep me from coming forward about our (Obama and I) November 1999 encounter of sex and cocaine use?), ... Obama is just another Banksters' moll prostituting himself .., and that's why he supported the grotesque bail-out of the banking system and why he will always put their interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv }
ASKS: 'Why black people so angry all the time'{ Short answer: because they were born niggers! }...
OBAMA: 'That was an example of compression'...

NATO CHICAGO STYLE: SHOOT TO KILL...

Student drank own urine while feds left in cell for 5 days...

China activist appeals to Obama to get him to USA...

5-01-12 CAMPAIGN STOP: KABUL

1,275 U.S. soldiers killed in Operation Enduring Freedom since president inaugurated...
Fed Officials: US Economy Faces Risk of 'Fiscal Cliff' At Years End...
MILBANK: Preezy making me queasy... ‘campaigner in chief…The preezy of the United Steezy is making me queasy…According to statistics compiled for a book to be published this summer, the president has already set a record for total first-term fundraisers — 191 — and that’s only through March 6. Measured in terms of events that benefit his reelection bid, Obama’s total (inflated in part by relaxed fundraising rules) exceeds the combined total of George W. Bush, Bill Clinton, George H.W. Bush, Ronald Reagan and Jimmy Carter… “Not everything should be subject to thinking about the next election instead of thinking about the next generation,” Obama said of the Republicans. “Not everything should be subject to politics.” [ Typical nigger jive-talk / b***s***! ] ‘He should follow his own advice.’ … [ Bravo Mr. Milbank. And, don’t worry … wobama the b for b***s*** is done! ]
SEALS SLAM OBAMA FOR MAKING IT POLITICAL
GOP SEN: 'Shame on Barack Obama'...
FLASHBACK: Obama '08 Accused Clinton of Using Terror Leader To 'Score Political Points'...

CHICAGOLAND: Teacher tells students NRA wants 'porch monkeys' to die…[Sounds like a plan!]...
Campaign ad says Romney wouldn't have ordered raid to kill Osama bin Laden … [Coulda…Woulda…If wobama’s grandmother had wheels she’d have been a trolley car…There’s documentation from reliable military sources that the ‘staged event’ for political capital at a time wobama was generating record low polling numbers did not in reality result in Osama’s death – there are also varying views, from already dead, body on ice and reason for quick burial at sea, etc., see infra ]... http://albertpeia.com/binladendeadandonicesince2001.htm
“Bin Laden” Heroes Probably Murderered to Keep Them Quiet ... Gordon Duff Veterans Today

FLASHBACK: Eyewitness to OBL Raid Saw Helicopter Explode (TRANSCRIPT) [ As indicated on this albertpeia.com website, I didn’t buy the administration’s desperate and politically opportunist Osama event and still don’t buy it; and further, I believe this! ]Veterans Today | TRANSCRIPT of critical interview with Pakistani eyewitness to Bin Laden raid. Is this the key to SEAL Team 6′s demise?

“Bin Laden” Heroes Probably Murderered to Keep Them Quiet Gordon Duff Veterans Today August 7, 2011 | Some Possibly Killed in Abbottabad Helicopter Crash Months Before. [ As indicated on this albertpeia.com website, I didn’t buy the administration’s desperate and politically opportunist Osama event and still don’t buy it; and further, I believe this! ] Today 31 NATO troops, 20 of them Navy Seals from the Osama bin Laden operation died in what is reported as a helicopter crash in Afghanistan.

‘The chance of this story being true is almost nil. The chances of this being a staged coverup is over 80%. We believe these people were murdered to silence them. This is why.

We have solid information on two areas:

1. Osama bin Laden died in 2001 as an active CIA employee and his body was recovered in Afghanistan and taken to “the sand box.” We were told it was frozen. We have so much verification from this, CIA, ISI, US military and top officials. I have a direct confirmation from Bin Laden’s CIA handler who I grilled mercilessly on this.

2. The Abbottabad operation involved numerous American deaths, witnessed, bodies all over, a helicopter crash. (suppressed translated TV interview below) These bodies were recovered by land vehicle from Islamabad and there was NO “successful” bin Laden operation of any kind. There was and has been a CIA safe house in Abbotabad where terror suspects were stored for years.

This gave the US several areas of severe vulnerability. Generally, Navy Seals are the best people in the world at keeping their mouths shut, these are real team players, as the term “Seal Team” belies.

We at VT were informed that the bin Laden operation was staged at this time, a theatrical farce, to cover the exit of Secretary Gates, the move by former CIA Director Leon Panetta into the DOD as Secretary of Defense and to stem any heroic claims by new CIA Director Petraeus of killing the long dead Osama bin Laden, the long frozen CIA operative.

Petraeus is a possible presidential contender and had to be denied this “gift from heaven,” a fast track to the oval office for sure.

Again, I remind you, I went over specific meetings on bin Laden with his handlers, getting every last detail. I have watched what has gone on, the continuing need to vilify a long dead top CIA operative to provide residual cover for the Bush administration…

The reason? Bush and his cronies are all facing charges of war crimes, not just in minor jurisdictions but heading for the ICC, putting them on the dock with Gaddafi ( a far less harmful character).

... Read full article ‘ http://albertpeia.com/binladendeadandonicesince2001.htm

4-30-12 BARACK BIZARRE: PRESIDENT JOKES ABOUT EATING DOGS?

'What's the difference between hockey mom and pit bull? A pit bull is delicious'...
20 years after LA Riots, 22 murders remain unsolved...

SHOCK CLAIM: No housing rebound 'for a generation'...
PAPER: Obama's new slogan has long socialist past...
Farrakhan: Joining U.S. Military Is Fighting 'for the Enemy'..
WIRE: Obama Fails to Stem Middle-Class Slide He Blamed on Bush...
Jon Lovitz scorches Obama again: 'President lying to get votes'...
SEALS SLAM OBAMA FOR MAKING IT POLITICAL
GOP SEN: 'Shame on Barack Obama'...
FLASHBACK: Obama '08 Accused Clinton of Using Terror Leader To 'Score Political Points'...

CHICAGOLAND: Teacher tells students NRA wants 'porch monkeys' to die…[Sounds like a plan!]...
Campaign ad says Romney wouldn't have ordered raid to kill Osama bin Laden … [Coulda…Woulda…If wobama’s grandmother had wheels she’d have been a trolley car…There’s documentation from reliable military sources that the ‘staged event’ for political capital at a time wobama was generating record low polling numbers did not in reality result in Osama’s death – there are also varying views, from already dead, body on ice and reason for quick burial at sea, etc., see infra ]... http://albertpeia.com/binladendeadandonicesince2001.htm
“Bin Laden” Heroes Probably Murderered to Keep Them Quiet ... Gordon Duff Veterans Today

FLASHBACK: Eyewitness to OBL Raid Saw Helicopter Explode (TRANSCRIPT) [ As indicated on this albertpeia.com website, I didn’t buy the administration’s desperate and politically opportunist Osama event and still don’t buy it; and further, I believe this! ]Veterans Today | TRANSCRIPT of critical interview with Pakistani eyewitness to Bin Laden raid. Is this the key to SEAL Team 6′s demise?

“Bin Laden” Heroes Probably Murderered to Keep Them Quiet Gordon Duff Veterans Today August 7, 2011 | Some Possibly Killed in Abbottabad Helicopter Crash Months Before. [ As indicated on this albertpeia.com website, I didn’t buy the administration’s desperate and politically opportunist Osama event and still don’t buy it; and further, I believe this! ] Today 31 NATO troops, 20 of them Navy Seals from the Osama bin Laden operation died in what is reported as a helicopter crash in Afghanistan.

‘The chance of this story being true is almost nil. The chances of this being a staged coverup is over 80%. We believe these people were murdered to silence them. This is why.

We have solid information on two areas:

1. Osama bin Laden died in 2001 as an active CIA employee and his body was recovered in Afghanistan and taken to “the sand box.” We were told it was frozen. We have so much verification from this, CIA, ISI, US military and top officials. I have a direct confirmation from Bin Laden’s CIA handler who I grilled mercilessly on this.

2. The Abbottabad operation involved numerous American deaths, witnessed, bodies all over, a helicopter crash. (suppressed translated TV interview below) These bodies were recovered by land vehicle from Islamabad and there was NO “successful” bin Laden operation of any kind. There was and has been a CIA safe house in Abbotabad where terror suspects were stored for years.

This gave the US several areas of severe vulnerability. Generally, Navy Seals are the best people in the world at keeping their mouths shut, these are real team players, as the term “Seal Team” belies.

We at VT were informed that the bin Laden operation was staged at this time, a theatrical farce, to cover the exit of Secretary Gates, the move by former CIA Director Leon Panetta into the DOD as Secretary of Defense and to stem any heroic claims by new CIA Director Petraeus of killing the long dead Osama bin Laden, the long frozen CIA operative.

Petraeus is a possible presidential contender and had to be denied this “gift from heaven,” a fast track to the oval office for sure.

Again, I remind you, I went over specific meetings on bin Laden with his handlers, getting every last detail. I have watched what has gone on, the continuing need to vilify a long dead top CIA operative to provide residual cover for the Bush administration…

The reason? Bush and his cronies are all facing charges of war crimes, not just in minor jurisdictions but heading for the ICC, putting them on the dock with Gaddafi ( a far less harmful character).

... Read full article ‘ http://albertpeia.com/binladendeadandonicesince2001.htm

Sarkozy on defensive in bitter final election battle...
Unease grows...
'The Merkozy era is over'...

4-27-12 PLUNGE: GROWTH FALLS TO 2.2%...
BIG DROP FROM 4Q'S 3.0%...
ANALYSTS PREDICTED 2.6%...
U.S. Firms Add Jobs, but Mostly Overseas...
Falling home prices drag new buyers under water...
Homeownership Hits Decade Low...
Spanish unemployment hits record 24.4%...
Republicans prepare contempt citation against Holder...
'Obama attempts to intimidate contributors to Romney's campaign'... http://albertpeia.com/obamaattemptsintimidationofcontributorstoromney.htm
OBAMA SPIKES FOOTBALL -- AGAIN!

4-26-12 More Americans Than Projected File Jobless Claims...
Employers add just 120,000 jobs; lowest since October...

POLL: Young People May Not Bother to Vote for Obama... { Yeah, come on! Smart (if they don’t)! As a matter of self-respect, how could they possibly vote for wobama the b for b***s***. Sure, that disingenuous smile/spiel; then…just the opposite or nothing at all! }

REPORT: Michelle's Spanish Vacation Cost Taxpayers $467,585 [moochelle … what a typical nigger … and as always, in your face, tauntingly so! They’re just typical niggers who come november, will indeed be packing and gone by innauguration or sooner which is not soon enough. ] ...
Blue collar Dems jealous, angry over lavish vacations...
'Fantasy' is to walk out WH 'and just keep walking' [ That wish is granted! Start packing! ] ...
Says she won't run for president...

MOST UNPOPULAR GOV'T IN 15 YEARS

Hawk Flies Off With PLAYBOY Playmate's Puppy... [ Truth be told, though numbering few, Hawks are my favorite bird, followed by the Humming Bird (their aerodynamics), and finally, The Owl. ]

4-25-12 BERNANKE CAMPAIGN PITCH: Don't worry, folks, it's all about to get much, much better...
FLASHBACK FEBRUARY: 'Increased Possibility of a Sudden Fiscal Crisis'...
Romney would boot Ben... [ Now we know the reason for bernanke’s pro-wobama politicking: Reuters: Mitt Romney says he would boot Ben Bernanke - The Trail The likely Republican nominee says, “I’d be looking for somebody new” to run the Federal Reserve if he’s elected president. Romney criticized Fed Chairman Bernanke for printing too much money in a bid to stimulate the economy. (April 25, 2012) Drudgereport: Romney would boot Ben... And, not only because bernanke as has obama failed miserably; good, sound management all but requires that he do so (as per the late Peter Drucker among the multitude of Management experts). Wobama, the lazy jive-talking b***s*** artist, despite campaign rhetoric to the contrary, literally continued all things dumbya bush. ]

'HIT THEM AS HARD AS YOU CAN'...
Senator launches probe over scare tactics...
VIDEO...
Salazar: 'No one knows' if US headed to $9 a gallon...

EPA OFFICIAL: 'CRUCIFY' OIL & GAS COMPANIES

REPORT: Zimmerman 'has black roots'...

RNC chief asks for federal probe of Obama campaigning on taxpayer's dime...

Michelle Hails Free-Contraception Mandate: 'We Made History'...

Student Loans: The Next $1 Trillion Bailout?

Britain in double-dip recession...
Europe 'faces a Japan-style Lost Decade'...

'ECONOMIC SUICIDE PACT'...
Gov't gives away money to turn spinach into energy...
SENATOR: Save USPS with wind farms...
House Dem: Unemployed Will Vote For Obama To Keep Their Benefits...

4-24-12 REPORT: Mexicans flee Obama economy...
NOT AMUSED: Former SNL cast comedian calls Obama 'f***ing a**hole' over high taxes...
As senator, Obama skipped votes on student loan bill he now wants to extend...
'ARE YOU BETTER OFF?'
US home prices drop for 6th straight month...
'A BETTER AMERICA BEGINS TONIGHT'...
'Tonight is the beginning of the end of the disappointments of the Obama years'...
UPDATE: Kidney donor wants organ back from ex-boss { This story is outrageous and beyond words – the businesses of the victim’s ex-boss should be boycotted until they’re out of business! } ...
Immelt defends GE's tax bill...
Protesters chant: 'Pay your fair share'...
FLASHBACK: GE Files 57,000-Page Tax Return, Pays No Taxes on $14 Billion in Profits...

4-23-12 MARCO AND MITT...
Rubio to deliver 'major speech' on foreign policy...

SARANDON: Denied WH security clearance; 'Under surveillance,' 'had phone tapped'… [ Wow! ‘Super Sue the Spy, Mata Sarandon’ – What about the ‘Jollie old ‘Salt’ Angelina? Oh, right … she loves ‘dem niggers … Maybe John’s not her father after all … she acts like it … and those lips! ] ...

Iraq War Vet of 3 Tours Shot Dead -- Outside CA Party... [ Wobamaland California More Dangerous than Wartime Iraq! http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm ]

IT'S MY GOVERNMENT...
OBAMA'S MEDICARE SLUSH FUND MASKS OBAMACARE BEFORE ELECTION...
Admin. refuses to cancel spending...

NAACP supports 'stand-your-ground' (but only when it favors a nigger) in domestic abuse case ...

SET FOR FREEDOM...
Urged to lay low amid threats...
BAIL GRANTED: ZIMMERMAN...
MAKES STATEMENT TO COURT...
VIDEO...
Wife testifies by phone after threats...
Trayvon Martin family refuses meet with shooter...

4-20-12 Dem Sen unsure if he will vote for Obama...
MF Corzine still bundling cash for prez...
Scandals sidetrack campaign...
HARNDEN: 'Already in deep trouble'...
Booed in Boston...
Zuckerman: Economic Programs Have Failed...

GOV'T: Food Stamp Rolls Explode By 70%...
Record 5.4 Million Sign Up For Disability Under Obama...
Growing movement of squatters in USA...
Noonan: America's Crisis of Character...

BAIL GRANTED: ZIMMERMAN...
MAKES STATEMENT TO COURT...
VIDEO...
Wife testifies by phone after threats...
Trayvon Martin family refuses meet with shooter...
DERSHOWITZ BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT STUPID'... [ Indeed! And, make no mistake, I never would have thought I’d be agreeing with Alan Dershowitz on anything: http://albertpeia.com/trayvonnewtawana.htm ]

BANG, BANG ‘…His surprising testimony came the same day that ABC News exclusively obtained a photograph showing the bloodied back of Zimmerman's head, which was apparently taken three minutes after he shot and killed Martin. The photo could give credence to Zimmerman's claim that Martin had bashed his head against the concrete as Zimmerman fought for his life…’

GOOGLE FOUNDERS PLAN SPACE BIZ { Spaced out! The new boondoggle! Clearly, in desperation this must be the NSA (recall that google has that ‘cozy’ relationship with the NSA presumably for your data, searches, activity, etc.) pushing their ‘spread the new propaganda / b***s***’ line, the googleheads their mouthpiece! How totally pathetic! How totally desperate! Unfortunately for them, the writing’s already on the wall; hence, their inconsequential, too little too late, desperation. If this wasn’t so pathetically desperate and tragic, this would be laughable; not to mention the costs relative to benefits (I wonder what the insurance premiums alone on this pipedream would be – oh, right, self-insurance). Let’s see where they divert the new boondoggled funds from; stock issue?, taxpayers?, illegal drug trade – strike that as doubtful – they’re the greediest and lack the patience for a drawn out score! Of course the other possibility that begs the typical california question of these california googlers is, ‘what have they been smoking’? http://albertpeia.com/nsawhistleblowerspeaks.htm }

4-19-12 CBO: Food Stamp Rolls Explode By 70%...
POLL: Obama's popularity abroad [and domestically] on wane...
Romney Visits Empty Factory to Mock Obama...
SOLYNDRA Building for Sale!
OBAMA JOBS PLAN: WORK AND GET UNEMPLOYMENT...
VA's Disability Claims Backlog Pushes 900,000...

4-18-12 THE FALL OF SARKOZY?
Panetta: 'We're within an inch of war almost every day'… [ Just the way the military industrial complex likes it! ]...
White House denies 'deal' on Panetta commute...
LA Schools May Lower Graduation Standards To Curb Dropouts... [ Sounds like a california dreamin’ nightmare plan http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm #11 California Has Some Of The Worst Schools In The Nation Many families are moving away from California because the public schools are absolutely nightmarish.  The truth is that California has some of the worst schools in the entire nation.  In the late 70s, California was number one in per-pupil spending on education, but now the state has fallen to 48th place. ]
NY law would identify buildings with smokers...
Bloomberg Strikes Again... [‘There are many more examples of this "control freak" mentality.  As I wrote about recently, one California town is actually considering making it illegal to smoke in your own backyard.’ http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm ]
Romney: No Greek Columns This Time Around...
Obama as a Boy Ate Dog Meat [ And, you can bet there’s canabalism in his line; his father being an african ape nigger and his mother a flaky whore; you know, that typical type that schtooped niggers back in the day! ]...
Obama campaign tries to diversify...
...looking to hire more African-Americans [ More dead-weight, contentious, unproductive make-shift, make-work, costly welfare job niggers … just what the nation, strike that, wobama campaign needs.]
Farrakhan Warns Whites: 'Unless You Change, Your End Has Come'… [ They call this a self-destructive manifestation of the Oedipal Effect: Goodbye niggers, aka unevolved apes/chimps/monkeys – Your end’s already here! Your jigs are up, and you boos are down! Everyone’s onto your nigger jive! Look in the mirror! If only you could change / evolve faster! ] ...
HOLDER PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...

'SECOND DEGREE MURDER'...
'We do not prosecute by public pressure or by petition'[B***S***!]...Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The reality is, if that were the criterion and rule, given the overwhelming prevalence of black violence, particularly black on white violence, there’d be a lot of dead niggers. Niggers are a scourge wherever they are; a black plague, if you will. The reality is that in this nation, having been overrun by niggers, americans have become the new age dinosaurs. As for tyson, the ugly little monkey that no one wanted, now full-grown angry ape, his IQ is well below the average 100. Ape tyson is just a disgrace, period. He’s a typical ignorant, violent ape/nigger. Life with ape tyson, also a convicted rapist, was described by his then (soon to be former) wife, Robin Givens, in a live televised interview with him present (you can only imagine the unsaid) as ‘hell’. He’s mentally deranged (too many head shots?), but he does profess typical nigger sentiment. (Mike Tyson vs. Robin Givens: … biggest fight | Ebony ... Eight months after Mike Tyson and Robin Givens were married on Feb. ... beatings -- she filed for divorce)

Panthers Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:
April 11th, 2012 at 9:51 pm 11 percent of population and they always have thier hands out begging for more.No matter how much you give them its never enough.Filthy animals is all they are. (Absolutely correct!)
Dandroid Reply:
April 11th, 2012 at 5:47 pm
Show trial to keep the peace? Cities will burn if hes found not guilty!
Startover Reply:
April 12th, 2012 at 12:04 am
Let the cities burn, send the Army in to finish them off
George Zimmerman is totally innocent
Trayvon is a punk ass killer (also a known thief and would be in futuro typical nigger criminal)
There is only one victim in this case and that is Zimmerman
Eduard Reply:
April 11th, 2012 at 7:28 pm
Precisely!! That was my thought. This press release sounded more like a minor league actress thanking everyone at a Grammy Award for her success. Then again, I can’t emphasize enough how despicable the “lawyer” field really is. There is no shame in it. The profession is a giant conflict of interest. Moreover, the rules of lawyer ethics always being pulpitted is nothing more than consumable fodder for the gullible. Ethics and lawyers? Laughable isn’t it? That’s like Lucifer passing out copies of the decalogue. This whole twist to the “mestizo-reported-as-a-white man” Zimmerman case has notched into a renewed effort of politicalization for formenting a racial war. …’ ]
Heroin dealer uses welfare EBT card to post bail [ Yes, he’s a nigger; with unreported cash drug income that gives him welfare as well! ] ...
New Black Panther Party chief of staff apologizes after radio outburst...
'The things that's about to happen, to these honkeys, these crackers, these pigs'...
Black residents fearful after shootings in Tulsa… [ Now they know how the ‘white folk’ feel, everywhere, every day, and the black on white violent crime stats overwhelmingly prove the reality and legitimacy of that concern! Civilized people everywhere are tired of the typical nigger b***s***! ]...
RACE WARS: ZIMMERMAN BREAKS SILENCE...
Family challenges Holder on New Black Panthers...
Hacked roadsign reads: 'Trayvon a n*****'...
CNN says 'f****** n*****' on air...
Anchor: 'N*****' Should Replace 'N-word' in News Reports...

Government Surveillance Crackdown On Internet Goes Into Overdrive...
Congressman fears Obama power grab in 'emergency'...
Fidel Castro mocks Obama over 'guayabera' diplomacy...

Rev. Wright Unleashed: 'White Supremacy' Drives 'World Policy'...
Clarence Thomas Worshipping 'Some Other God'...

REPORT: 'Stunning lack of diversity' in Obama's re-election campaign [ I’d say this is more embarrassing for the self-destructive whites who are for obama; after all, who would be foolish enough to hire the typically uncivilized, problematic, violence / crime prone, etc., blacks? ] ... { to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). }
$1 million pizza party in Detroit -- on sterling silver plates!
WHouse basketballs emblazoned with Obama's image...
HOODIE ON THE HILL...
VIDEO: Dem Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members, keep your purses close when ‘bobby bobby r’ is near; the temptation might prove to be too much for his inner rap nigger soul man. ]
Ex-Black Panther...
Another Says Trayvon 'Hunted Down Like Dog' [Well, if the shoe fits … but, actually, niggers are more like apes, monkeys that only evolved to a point… and some dog-lovers might be offended by comparing niggers to dogs. ]...
Pentagon unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those black niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]

Black Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who do these filthy niggers think they are? ] Take a look at this nigger who kills a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of Florida teen not a racist, lawyer says...
SECRET WITNESS: Self-defense... [Witness: Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different picture than we've seen so far of what happened the night 17-year-old Trayvon Martin was shot and killed.The night of that shooting, police say there was a witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to that witness.What Sanford Police investigators have in the folder, they put together on the killing of Trayvon Martin few know about.The file now sits in the hands of the state attorney. Now that file is just weeks away from being opened to a grand jury.It shows more now about why police believed that night that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told dispatchers he was following a teen. The dispatcher told Zimmerman not to.And from that moment to the shooting, details are few.But one man's testimony could be key for the police."The guy on the bottom who had a red sweater on was yelling to me: 'help, help…and I told him to stop and I was calling 911," he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only wanted to be identified as "John," and didn't not want to be shown on camera.His statements to police were instrumental, because police backed up Zimmerman's claims, saying those screams on the 911 call are those of Zimmerman."When I got upstairs and looked down, the guy who was on top beating up the other guy, was the one laying in the grass, and I believe he was dead at that point," John said.Zimmerman says the shooting was self defense. According to information released on the Sanford city website, Zimmerman said he was going back to his SUV when he was attacked by the teen.Sanford police say Zimmerman was bloody in his face and head, and the back of his shirt was wet and had grass stains, indicating a struggle took place before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun
Hoodie-Wearing niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night  ]
'There were young men scattered everywhere'... [ http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]

Buchanan: It's all about race now...
NAACP condemns nigger apeman sharpton's call for escalation in civil disobedience...
Talkradio host calls for arrest and removal from MSNBC...
Detroit Preacher: 'Isn't The Mood In This Nation That White People Are Better Than Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished truth! And, not just whites; viz., Asians, Hispanics, real American Indians, etc., and most feral beasts except dogs are better than blacks who are at best their equals, though some dog owners/lovers may dispute that. Niggers are a scourge on civilized society wherever they are. Just look around, worldwide, wherever they are, in concentrations particularly; it’s the same nigger story. That’s the way they are. That’s what they are. They are a blight on any neighborhood. They are a blight on any society and an insurmountable burden. They bring any society down. Some will argue, how ‘bout sports?, to which one may reply, ie., just because you go to horse races, doesn’t mean you want to live with horses, or, just because you have monkeys in zoos doesn’t mean you want to live with them, etc., much less cede control and affect over society to them. ] '

PARENTS OF MURDERED WHITE STUDENTS SLAM OBAMA FOR SILENCE [ Well, they’re just white folk, not niggers like obama et als. Moreover, there would be no end to the limitless requests as ‘black on white violent crime’ is at epidemic levels and by far exceeds the miniscule proportions of white on black crime. http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
George Zimmerman's father speaks for first time...
Says Trayvon threatened to kill his son...
'You're going to die tonight'...
ABCNEWS: Police video shows no blood...
Large gash on back of head?
POLICE REPORT: Bleeding from nose, head...
Network names 13-year-old witness...
'Plzz shoot da #mf dat lied 2 u!'
@KILLZIMMERMAN TWITTER feed...
First lady hits Vegas with daughters...
FLASHBACK: Obama: 'You can't go take a trip to Vegas on taxpayer's dime'...
10-car motorcade at Mount Rushmore; tourist access restricted during visit...
[ The niggers are forever so ‘in your face’ with their hypocrisy, sense of entitlement, and divorcement from reality; always pushing the bounds of niggerism to contrive an incident / controversy when rational people finally stand up and say ‘wait just one cotton-pickin’ minute’; so outlandish is the typical black jive / nigger b***s***! ]
Holder loses again: Charges against militia members thrown out … [ The corrupt, biased holder should be going after his fellow niggers, the black panthers! ] ...
COPS: Trayvon protesters ransack store … [ Any excuse for niggers to be niggers! ]...
House dems try to politicize...
Zimmerman a registered Democrat...
'You ain't tell me you swung on a bus driver'...
Multiple suspensions from school: marijuana, grafitti, 'possession of burglary tool,' jewelry...
Suspended THREE times for drugs, truancy and graffiti and 'caught carrying a burglary tool': New picture emerges of Trayvon Martin (and did he attack a bus driver too?)

The teen was suspended from school three times

He was on suspension when he was shot in February, after officials caught him with a 'marijuana pipe' and a baggie with drug residue

Trayvon was kicked out of school in October for graffiti after he was allegedly caught with a 'burglary tool' and a bag full of women's jewelry

Officials also suspended him once for skipping school and tardiness

Trayvon Martin was suspended from school three times in the months before he was shot dead by a neighborhood watchman, it emerged today.

The facts, revealed in a leaked report, paint a different picture of a teenager who frequently found himself in trouble with authorities.

It was also revealed that he might have attacked a bus driver, according to a Twitter account that it is claimed belonged to the teen.

The Miami Herald claims that in October, he was caught with a 'burglary tool' - a flathead screwdriver - and 12 pieces of women's jewellery. Martin insisted that they did not belong to him.

POLICE: Black teenagers light 13-year-old on fire; 'You get what you deserve, white boy'...
Typical n*****s! Come on! People are tired of making making up excuses for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white people'... [ Typical n*****s! Good thing there are food stamps; otherwise they’d be reverting to their inherent proclivity for canabalism (send them back to africa … even give them a lump sum for an irrevocable repatriation incentive … a huge cost-saving beyond the first year with substantial salutary effects for the nation, the economy, and the remaining civilized non-blacks). The other major crimes they do anyway. It’s their nature. You’ll never change the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security... [ I refrained from using the ‘n word’ (or even blacks / negroes) in referring to the culprits in the following two incidents (those tender sensibilities) but I’m sure you’ve guessed that they were niggers and I include same here in light of the foregoing incident (and yes, the victims were white), which is typical. ‘.. while walking through Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion (limbic system / adrenalin flow) I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped / a crowd gathered / an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA’s position with both felonies ( he went to prison – pled out ). The other case I wrote about here ( This was included on my website in the Psychology forum discussion of ‘bystander effect’ / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparently had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp (a police officer here in California was the object of intense criticism for having used a flashlight to subdue a criminal / nigger after a long chase so I included that here) . The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal / nigger went to jail (where they belong). The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). ]
Black Serial/Mass/Spree Killer List:
1. Matthew Emanuel Macon (Murdered and Raped 5 White Women in Lansing)
2. Jimmie Reed (Murdered his wife and his 2 month old daughter and set them on fire)
3. Shelly Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)
4. Justin Blackshere (Stabbed two white cooks at Cheli’s Chili downtown Detroit)
5. Jervon Miguel Coleman (Murdered three people.)
6. Donell Ramon Johnson (Murdered a mother and a daughter)
7. Brian Ranard Davis (6 women known murdered by nigger)
8. Paul Durousseau (Seven women)
9. Mark Goudeau “The Baseline Killer” (Eight women and a man in 2005-2006)
10. Coral Eugene Watts (11 women in Texas & 1 in Michigan)
11. Anthony McKnight (Five girls and young women)
12. Derrick Todd Lee (8 Women)
13. Charles Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15 years!)
14. The Zebra Killings (71 White people)
15. Chester Turner (L.A.s most prolific killer 12 women killed.)
16. Lorenzo J. Gilyard (Kansas City, MO.—13 victims)
17. Eugene Victor Britt (Gary, IN.–3 known murder/rapes.)
18. Reginald and Jonathan Carr (The Wichita Massacre–6 Whites murdered)
19. Ray Joseph Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people in 7 days, including an entire White family.)
20. The Tinley Park Murderer (Suspect hasn’t been found but has been described as black – murdered 5 women in a store.)
21. Henry Louis Wallace (Raped and strangled 5 women to death.)
22. Charles Johnston (Murdered 3 unarmed white men in hospital)
23. Craig Price (Brutally murdered 3 women)
24. Harrison Graham (Brually Murdered 3 women)
25. Charles Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council. )
26. & 27. Darnell Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)
28 &29. John Allen Muhammad & Lee Boyd Malvo (Sniped 11 people from a car in DC, 9 died.)
30. George Russell (3 women, WA state)
31. Timothy W. Spencer (5 killed, Arlington, VA and Richmond, VA)
32. Elton M. Jackson (12 gay men killed, Norfolk, VA area)
33. Carlton Gary (3 killed in Columbus, GA)
34. Mohammed Adam Omar (16 women, Yemen. Omar is Sudanese.)
35. Kendall Francois (8 women, Poughkeepsie, NY and surrounding areas.)
36. Terry A. Blair (8 women, Kansas City area)
37. Wayne Williams (33 many of them children!, Atlanta, GA)
38. Vaughn Greenwood (11 killed in LA)
39. Andre Crawford (10 killed in Chicago – southside)
40. Calvin Jackson (9 killed possibley more in NY)
41. Gregory Klepper (killed 8, Chicago – southside)
42. Alton Coleman (Killed 8 in the Midwest)
43. Harrison Graham (killed 7+ in N. Philadelphia)
44. Cleophus Prince (6 killed in, San Diego
45. Robert Rozier (7 killed in, Miami)
46. Maurice Byrd (killed 20 + in St. Louis)
47. Maury Travis (17 and rising, St. Louis and possibly also Atlanta)
48. Hulon Mitchell, a.k.a. Yahweh Ben Yahweh (killed 20+ in Florida)
49. Lorenzo Fayne (killed 5 children in East St. Louis, IL)
50. Paul Durousseau, (killed 6, two of which were pregnant women, Jacksonville, FL; Georgia.)
51. Eddie Lee Mosley (killed 25 to 30 women, south Florida)
52. Henry Lee Jones (killed 4 in, south Florida; Bartlett, TN)
53. Richard “Babyface” Jameswhite (15 killed in, New York; Georgia.)
54. Donald E. Younge, Jr. (killed 4), East St. Louis, IL; Salt Lake City, UT.
55. Ivan Hill (killed 6 in Los Angeles area).
56. Michael Vernon (Bronx, NY. Killed at least seven people – )
57. Chester Dewayne Turner (12 women killed in, Los Angeles)
ARREST MADE IN LOS ANGELES GRIM SLEEPER SERIAL KILLER CASE July 07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME |By Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested a suspect in the Grim Sleeper serial killer case and will charge him with 10 counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of attempted murder, Capt. Kevin McClure with the Los Angeles Police Department said.Franklin will arraigned in court Thursday morning, McClure said.The California Attorney General's office attributed the arrest to DNA collected from a relative of the suspect, in a controversial and rarely used practice known as familial DNA search.’
Of Course There Are Black Serial Killers by Lynette Holloway on  July 15, 2010 The case of the "Grim Sleeper" inspires a second look at the popular perception that serial killing is the province of clever white men.
Serial Murderers' Row July 16, 2010 The following black men are among the most prolific serial killers in U.S. history. http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus: Behind the myth that only white men commit such crimes.
Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved In Fights At Mall Of America After Rumors That Rappers Are There...

Miami Heat Players Don Hoodies...
'Dead or Alive' Poster Issued by New Black Panther Party... [ ‘Minority Report’ Division of Pre-Crime, Pre-Cogs say, ‘Dead or Alive – all niggers’ … whatever the outcome in the investigative process, the stark reality is that at least, unlike the niggers committing many more ‘black on white’ violent crimes, Zimmerman (and this is no endorsement – I won’t be looking at this one incident all that closely) was at least trying to do a good thing made necessary by the ever increasing number of brutal crimes committed by the black thugs in neighborhoods across the nation; then there’s somalian pirates, etc.. People domestically and internationally are suffering from nigger-fatigue and are totally niggered out. Oh, yeah, there are some Hollywood types who feel good about themselves having niggers around and helping niggers to help them feel better than they really are, insecure as they are, by being better than at least someone beyond fantasy. Loony george clooney is one. Dreadfully boring and with that monotone, monotonous voice and not that bright, he’s not even able to fake it on screen as an action hero (ie., batman, what a horrific miscast) wimpy pussy in reality that he is; then there’s the ‘black (sean) penn’ who cried like a baby while incarcerated for a couple of days not that long ago. The atheist jolie, so fatherly troubled as she is, has let the equally mentally troubled pitt (she so nutty she makes him feel somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be the closest she’s gotten to her black projects. Let them live anonomously (in disguise) with the niggers for some time for a real close look and then see what’s left of their predisposed love for the nigger. Then there’s the italian scallion, booby deniro; drug addled as his black wife high-tower, what a total embarrassment to Italians everywhere; even as he tried to ingratiate himself recently with niggers everywhere and particularly national embarrassment mammy michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan Africa! ]
'BLACK NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE CONTRARY ] ARE UNDER ATTACK [ SAYS NIGGER SHAKEDOWN ARTIST JACKSON] ' [ Hold on one cotton-pickin’ minute jesse, that’s not what the facts say Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d look just like any other nigger. And, don’t worry about the black vote, failed president wobama the b for b***s*** will get nearly if not all, 100% of the nigger vote! Drudgereport: Farrakhan Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks that would have to be retaliated against based upon the hushed reality of the prevalence of black on white crime? The blacks should be careful what they wish for in playing that game because the facts don’t break in their favor. ] ...

People have become weary of making up excuses for blacks (like obama, holder, etc.). At some point, as now, people should not be timid about relating the cold, unvarnished truth statistically / factually about blacks and, ie., black on white violent crime, etc..

 From Pat Buchanan: As for racism, its ugliest manifestation is in interracial crime, and especially interracial crimes of violence. Is Barack Obama aware that while white criminals choose black victims 3 percent of the time, black criminals choose white victims 45 percent of the time? Is Barack aware that black-on-white rapes are 100 times more common than the reverse, that black-on-white robberies were 139 times as common in the first three years of this decade as the reverse? We have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned out to be hoaxes. But about the epidemic of black assaults on whites that are real, we hear nothing.

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

The reality is that blacks are an insoluble problem wherever they are. That’s not going to ever change; not make-shift/make-work jobs; not programs; not anything tried or to be tried; hence, they must be treated as exactly that – problems – before a solution can be derived and fashioned. ] [ Send the niggers, including niggerbama back to sub-saharan africa! ]

4-17-12 GALLUP SHOCK POLL: ROMNEY 48% OBAMA 43%...
Campaign attacks pollster...
Romney, Obama tied in new PEW Poll...
Brownstein: Obama's race problem … [ yes, indeed! You can’t expect non-blacks to be self-destructive dinosaurs! ]...
ROMNEY LASHES OUT AT 'OBAMA' MEDIA [ This is not an exaggeration. Indeed, wobama’s been given a free pass by them concerning his rhetoric, broken campaign promises, impeachable offenses, a questionable biographical history including citizenship, etc.. Most notably, their reluctance to call wobama’s tenure what it truly is; an abject failure, marked particularly by insurmountable debt, spending while continuing the failed policies of dumbya bush. ]
Inventor of world wide web savages govt's Big Brother plans...
Extension of surveillance powers 'destruction of human rights'...
RECORD NUMBER OF AMERICANS RENOUNCE CITIZENSHIP...
Farrakhan Warns Whites: 'Unless You Change, Your End Has Come'… [ They call this a self-destructive manifestation of the Oedipal Effect: Goodbye niggers, aka unevolved apes/chimps/monkeys – Your end’s already here! Your jigs are up, and you boos are down! Everyone’s onto your nigger jive! Look in the mirror! If only you could change / evolve faster! ] ...
HOLDER PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...

'SECOND DEGREE MURDER'...
'We do not prosecute by public pressure or by petition'[B***S***!]...Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The reality is, if that were the criterion and rule, given the overwhelming prevalence of black violence, particularly black on white violence, there’d be a lot of dead niggers. Niggers are a scourge wherever they are; a black plague, if you will. The reality is that in this nation, having been overrun by niggers, americans have become the new age dinosaurs. As for tyson, the ugly little monkey that no one wanted, now full-grown angry ape, his IQ is well below the average 100. Ape tyson is just a disgrace, period. He’s a typical ignorant, violent ape/nigger. Life with ape tyson, also a convicted rapist, was described by his then (soon to be former) wife, Robin Givens, in a live televised interview with him present (you can only imagine the unsaid) as ‘hell’. He’s mentally deranged (too many head shots?), but he does profess typical nigger sentiment. (Mike Tyson vs. Robin Givens: … biggest fight | Ebony ... Eight months after Mike Tyson and Robin Givens were married on Feb. ... beatings -- she filed for divorce)

Panthers Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:
April 11th, 2012 at 9:51 pm 11 percent of population and they always have thier hands out begging for more.No matter how much you give them its never enough.Filthy animals is all they are. (Absolutely correct!)
Dandroid Reply:
April 11th, 2012 at 5:47 pm
Show trial to keep the peace? Cities will burn if hes found not guilty!
Startover Reply:
April 12th, 2012 at 12:04 am
Let the cities burn, send the Army in to finish them off
George Zimmerman is totally innocent
Trayvon is a punk ass killer (also a known thief and would be in futuro typical nigger criminal)
There is only one victim in this case and that is Zimmerman
Eduard Reply:
April 11th, 2012 at 7:28 pm
Precisely!! That was my thought. This press release sounded more like a minor league actress thanking everyone at a Grammy Award for her success. Then again, I can’t emphasize enough how despicable the “lawyer” field really is. There is no shame in it. The profession is a giant conflict of interest. Moreover, the rules of lawyer ethics always being pulpitted is nothing more than consumable fodder for the gullible. Ethics and lawyers? Laughable isn’t it? That’s like Lucifer passing out copies of the decalogue. This whole twist to the “mestizo-reported-as-a-white man” Zimmerman case has notched into a renewed effort of politicalization for formenting a racial war. …’ ]
Heroin dealer uses welfare EBT card to post bail [ Yes, he’s a nigger; with unreported cash drug income that gives him welfare as well! ] ...
New Black Panther Party chief of staff apologizes after radio outburst...
'The things that's about to happen, to these honkeys, these crackers, these pigs'...
Black residents fearful after shootings in Tulsa… [ Now they know how the ‘white folk’ feel, everywhere, every day, and the black on white violent crime stats overwhelmingly prove the reality and legitimacy of that concern! Civilized people everywhere are tired of the typical nigger b***s***! ]...
RACE WARS: ZIMMERMAN BREAKS SILENCE...
Family challenges Holder on New Black Panthers...
Hacked roadsign reads: 'Trayvon a n*****'...
CNN says 'f****** n*****' on air...
Anchor: 'N*****' Should Replace 'N-word' in News Reports...

Government Surveillance Crackdown On Internet Goes Into Overdrive...
Congressman fears Obama power grab in 'emergency'...
Fidel Castro mocks Obama over 'guayabera' diplomacy...

Rev. Wright Unleashed: 'White Supremacy' Drives 'World Policy'...
Clarence Thomas Worshipping 'Some Other God'...

REPORT: 'Stunning lack of diversity' in Obama's re-election campaign [ I’d say this is more embarrassing for the self-destructive whites who are for obama; after all, who would be foolish enough to hire the typically uncivilized, problematic, violence / crime prone, etc., blacks? ] ... { to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). }
$1 million pizza party in Detroit -- on sterling silver plates!
WHouse basketballs emblazoned with Obama's image...
HOODIE ON THE HILL...
VIDEO: Dem Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members, keep your purses close when ‘bobby bobby r’ is near; the temptation might prove to be too much for his inner rap nigger soul man. ]
Ex-Black Panther...
Another Says Trayvon 'Hunted Down Like Dog' [Well, if the shoe fits … but, actually, niggers are more like apes, monkeys that only evolved to a point… and some dog-lovers might be offended by comparing niggers to dogs. ]...
Pentagon unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those black niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]

Black Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who do these filthy niggers think they are? ] Take a look at this nigger who kills a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of Florida teen not a racist, lawyer says...
SECRET WITNESS: Self-defense... [Witness: Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different picture than we've seen so far of what happened the night 17-year-old Trayvon Martin was shot and killed.The night of that shooting, police say there was a witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to that witness.What Sanford Police investigators have in the folder, they put together on the killing of Trayvon Martin few know about.The file now sits in the hands of the state attorney. Now that file is just weeks away from being opened to a grand jury.It shows more now about why police believed that night that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told dispatchers he was following a teen. The dispatcher told Zimmerman not to.And from that moment to the shooting, details are few.But one man's testimony could be key for the police."The guy on the bottom who had a red sweater on was yelling to me: 'help, help…and I told him to stop and I was calling 911," he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only wanted to be identified as "John," and didn't not want to be shown on camera.His statements to police were instrumental, because police backed up Zimmerman's claims, saying those screams on the 911 call are those of Zimmerman."When I got upstairs and looked down, the guy who was on top beating up the other guy, was the one laying in the grass, and I believe he was dead at that point," John said.Zimmerman says the shooting was self defense. According to information released on the Sanford city website, Zimmerman said he was going back to his SUV when he was attacked by the teen.Sanford police say Zimmerman was bloody in his face and head, and the back of his shirt was wet and had grass stains, indicating a struggle took place before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun
Hoodie-Wearing niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night  ]
'There were young men scattered everywhere'... [ http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]

Buchanan: It's all about race now...
NAACP condemns nigger apeman sharpton's call for escalation in civil disobedience...
Talkradio host calls for arrest and removal from MSNBC...
Detroit Preacher: 'Isn't The Mood In This Nation That White People Are Better Than Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished truth! And, not just whites; viz., Asians, Hispanics, real American Indians, etc., and most feral beasts except dogs are better than blacks who are at best their equals, though some dog owners/lovers may dispute that. Niggers are a scourge on civilized society wherever they are. Just look around, worldwide, wherever they are, in concentrations particularly; it’s the same nigger story. That’s the way they are. That’s what they are. They are a blight on any neighborhood. They are a blight on any society and an insurmountable burden. They bring any society down. Some will argue, how ‘bout sports?, to which one may reply, ie., just because you go to horse races, doesn’t mean you want to live with horses, or, just because you have monkeys in zoos doesn’t mean you want to live with them, etc., much less cede control and affect over society to them. ] '

PARENTS OF MURDERED WHITE STUDENTS SLAM OBAMA FOR SILENCE [ Well, they’re just white folk, not niggers like obama et als. Moreover, there would be no end to the limitless requests as ‘black on white violent crime’ is at epidemic levels and by far exceeds the miniscule proportions of white on black crime. http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
George Zimmerman's father speaks for first time...
Says Trayvon threatened to kill his son...
'You're going to die tonight'...
ABCNEWS: Police video shows no blood...
Large gash on back of head?
POLICE REPORT: Bleeding from nose, head...
Network names 13-year-old witness...
'Plzz shoot da #mf dat lied 2 u!'
@KILLZIMMERMAN TWITTER feed...
First lady hits Vegas with daughters...
FLASHBACK: Obama: 'You can't go take a trip to Vegas on taxpayer's dime'...
10-car motorcade at Mount Rushmore; tourist access restricted during visit...
[ The niggers are forever so ‘in your face’ with their hypocrisy, sense of entitlement, and divorcement from reality; always pushing the bounds of niggerism to contrive an incident / controversy when rational people finally stand up and say ‘wait just one cotton-pickin’ minute’; so outlandish is the typical black jive / nigger b***s***! ]
Holder loses again: Charges against militia members thrown out … [ The corrupt, biased holder should be going after his fellow niggers, the black panthers! ] ...
COPS: Trayvon protesters ransack store … [ Any excuse for niggers to be niggers! ]...
House dems try to politicize...
Zimmerman a registered Democrat...
'You ain't tell me you swung on a bus driver'...
Multiple suspensions from school: marijuana, grafitti, 'possession of burglary tool,' jewelry...
Suspended THREE times for drugs, truancy and graffiti and 'caught carrying a burglary tool': New picture emerges of Trayvon Martin (and did he attack a bus driver too?)

The teen was suspended from school three times

He was on suspension when he was shot in February, after officials caught him with a 'marijuana pipe' and a baggie with drug residue

Trayvon was kicked out of school in October for graffiti after he was allegedly caught with a 'burglary tool' and a bag full of women's jewelry

Officials also suspended him once for skipping school and tardiness

Trayvon Martin was suspended from school three times in the months before he was shot dead by a neighborhood watchman, it emerged today.

The facts, revealed in a leaked report, paint a different picture of a teenager who frequently found himself in trouble with authorities.

It was also revealed that he might have attacked a bus driver, according to a Twitter account that it is claimed belonged to the teen.

The Miami Herald claims that in October, he was caught with a 'burglary tool' - a flathead screwdriver - and 12 pieces of women's jewellery. Martin insisted that they did not belong to him.

POLICE: Black teenagers light 13-year-old on fire; 'You get what you deserve, white boy'...
Typical n*****s! Come on! People are tired of making making up excuses for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white people'... [ Typical n*****s! Good thing there are food stamps; otherwise they’d be reverting to their inherent proclivity for canabalism (send them back to africa … even give them a lump sum for an irrevocable repatriation incentive … a huge cost-saving beyond the first year with substantial salutary effects for the nation, the economy, and the remaining civilized non-blacks). The other major crimes they do anyway. It’s their nature. You’ll never change the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security... [ I refrained from using the ‘n word’ (or even blacks / negroes) in referring to the culprits in the following two incidents (those tender sensibilities) but I’m sure you’ve guessed that they were niggers and I include same here in light of the foregoing incident (and yes, the victims were white), which is typical. ‘.. while walking through Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion (limbic system / adrenalin flow) I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped / a crowd gathered / an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA’s position with both felonies ( he went to prison – pled out ). The other case I wrote about here ( This was included on my website in the Psychology forum discussion of ‘bystander effect’ / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparently had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp (a police officer here in California was the object of intense criticism for having used a flashlight to subdue a criminal / nigger after a long chase so I included that here) . The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal / nigger went to jail (where they belong). The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). ]
Black Serial/Mass/Spree Killer List:
1. Matthew Emanuel Macon (Murdered and Raped 5 White Women in Lansing)
2. Jimmie Reed (Murdered his wife and his 2 month old daughter and set them on fire)
3. Shelly Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)
4. Justin Blackshere (Stabbed two white cooks at Cheli’s Chili downtown Detroit)
5. Jervon Miguel Coleman (Murdered three people.)
6. Donell Ramon Johnson (Murdered a mother and a daughter)
7. Brian Ranard Davis (6 women known murdered by nigger)
8. Paul Durousseau (Seven women)
9. Mark Goudeau “The Baseline Killer” (Eight women and a man in 2005-2006)
10. Coral Eugene Watts (11 women in Texas & 1 in Michigan)
11. Anthony McKnight (Five girls and young women)
12. Derrick Todd Lee (8 Women)
13. Charles Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15 years!)
14. The Zebra Killings (71 White people)
15. Chester Turner (L.A.s most prolific killer 12 women killed.)
16. Lorenzo J. Gilyard (Kansas City, MO.—13 victims)
17. Eugene Victor Britt (Gary, IN.–3 known murder/rapes.)
18. Reginald and Jonathan Carr (The Wichita Massacre–6 Whites murdered)
19. Ray Joseph Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people in 7 days, including an entire White family.)
20. The Tinley Park Murderer (Suspect hasn’t been found but has been described as black – murdered 5 women in a store.)
21. Henry Louis Wallace (Raped and strangled 5 women to death.)
22. Charles Johnston (Murdered 3 unarmed white men in hospital)
23. Craig Price (Brutally murdered 3 women)
24. Harrison Graham (Brually Murdered 3 women)
25. Charles Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council. )
26. & 27. Darnell Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)
28 &29. John Allen Muhammad & Lee Boyd Malvo (Sniped 11 people from a car in DC, 9 died.)
30. George Russell (3 women, WA state)
31. Timothy W. Spencer (5 killed, Arlington, VA and Richmond, VA)
32. Elton M. Jackson (12 gay men killed, Norfolk, VA area)
33. Carlton Gary (3 killed in Columbus, GA)
34. Mohammed Adam Omar (16 women, Yemen. Omar is Sudanese.)
35. Kendall Francois (8 women, Poughkeepsie, NY and surrounding areas.)
36. Terry A. Blair (8 women, Kansas City area)
37. Wayne Williams (33 many of them children!, Atlanta, GA)
38. Vaughn Greenwood (11 killed in LA)
39. Andre Crawford (10 killed in Chicago – southside)
40. Calvin Jackson (9 killed possibley more in NY)
41. Gregory Klepper (killed 8, Chicago – southside)
42. Alton Coleman (Killed 8 in the Midwest)
43. Harrison Graham (killed 7+ in N. Philadelphia)
44. Cleophus Prince (6 killed in, San Diego
45. Robert Rozier (7 killed in, Miami)
46. Maurice Byrd (killed 20 + in St. Louis)
47. Maury Travis (17 and rising, St. Louis and possibly also Atlanta)
48. Hulon Mitchell, a.k.a. Yahweh Ben Yahweh (killed 20+ in Florida)
49. Lorenzo Fayne (killed 5 children in East St. Louis, IL)
50. Paul Durousseau, (killed 6, two of which were pregnant women, Jacksonville, FL; Georgia.)
51. Eddie Lee Mosley (killed 25 to 30 women, south Florida)
52. Henry Lee Jones (killed 4 in, south Florida; Bartlett, TN)
53. Richard “Babyface” Jameswhite (15 killed in, New York; Georgia.)
54. Donald E. Younge, Jr. (killed 4), East St. Louis, IL; Salt Lake City, UT.
55. Ivan Hill (killed 6 in Los Angeles area).
56. Michael Vernon (Bronx, NY. Killed at least seven people – )
57. Chester Dewayne Turner (12 women killed in, Los Angeles)
ARREST MADE IN LOS ANGELES GRIM SLEEPER SERIAL KILLER CASE July 07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME |By Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested a suspect in the Grim Sleeper serial killer case and will charge him with 10 counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of attempted murder, Capt. Kevin McClure with the Los Angeles Police Department said.Franklin will arraigned in court Thursday morning, McClure said.The California Attorney General's office attributed the arrest to DNA collected from a relative of the suspect, in a controversial and rarely used practice known as familial DNA search.’
Of Course There Are Black Serial Killers by Lynette Holloway on  July 15, 2010 The case of the "Grim Sleeper" inspires a second look at the popular perception that serial killing is the province of clever white men.
Serial Murderers' Row July 16, 2010 The following black men are among the most prolific serial killers in U.S. history. http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus: Behind the myth that only white men commit such crimes.
Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved In Fights At Mall Of America After Rumors That Rappers Are There...

Miami Heat Players Don Hoodies...
'Dead or Alive' Poster Issued by New Black Panther Party... [ ‘Minority Report’ Division of Pre-Crime, Pre-Cogs say, ‘Dead or Alive – all niggers’ … whatever the outcome in the investigative process, the stark reality is that at least, unlike the niggers committing many more ‘black on white’ violent crimes, Zimmerman (and this is no endorsement – I won’t be looking at this one incident all that closely) was at least trying to do a good thing made necessary by the ever increasing number of brutal crimes committed by the black thugs in neighborhoods across the nation; then there’s somalian pirates, etc.. People domestically and internationally are suffering from nigger-fatigue and are totally niggered out. Oh, yeah, there are some Hollywood types who feel good about themselves having niggers around and helping niggers to help them feel better than they really are, insecure as they are, by being better than at least someone beyond fantasy. Loony george clooney is one. Dreadfully boring and with that monotone, monotonous voice and not that bright, he’s not even able to fake it on screen as an action hero (ie., batman, what a horrific miscast) wimpy pussy in reality that he is; then there’s the ‘black (sean) penn’ who cried like a baby while incarcerated for a couple of days not that long ago. The atheist jolie, so fatherly troubled as she is, has let the equally mentally troubled pitt (she so nutty she makes him feel somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be the closest she’s gotten to her black projects. Let them live anonomously (in disguise) with the niggers for some time for a real close look and then see what’s left of their predisposed love for the nigger. Then there’s the italian scallion, booby deniro; drug addled as his black wife high-tower, what a total embarrassment to Italians everywhere; even as he tried to ingratiate himself recently with niggers everywhere and particularly national embarrassment mammy michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan Africa! ]
'BLACK NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE CONTRARY ] ARE UNDER ATTACK [ SAYS NIGGER SHAKEDOWN ARTIST JACKSON] ' [ Hold on one cotton-pickin’ minute jesse, that’s not what the facts say Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d look just like any other nigger. And, don’t worry about the black vote, failed president wobama the b for b***s*** will get nearly if not all, 100% of the nigger vote! Drudgereport: Farrakhan Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks that would have to be retaliated against based upon the hushed reality of the prevalence of black on white crime? The blacks should be careful what they wish for in playing that game because the facts don’t break in their favor. ] ...

People have become weary of making up excuses for blacks (like obama, holder, etc.). At some point, as now, people should not be timid about relating the cold, unvarnished truth statistically / factually about blacks and, ie., black on white violent crime, etc..

 From Pat Buchanan: As for racism, its ugliest manifestation is in interracial crime, and especially interracial crimes of violence. Is Barack Obama aware that while white criminals choose black victims 3 percent of the time, black criminals choose white victims 45 percent of the time? Is Barack aware that black-on-white rapes are 100 times more common than the reverse, that black-on-white robberies were 139 times as common in the first three years of this decade as the reverse? We have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned out to be hoaxes. But about the epidemic of black assaults on whites that are real, we hear nothing.

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

The reality is that blacks are an insoluble problem wherever they are. That’s not going to ever change; not make-shift/make-work jobs; not programs; not anything tried or to be tried; hence, they must be treated as exactly that – problems – before a solution can be derived and fashioned. ] [ Send the niggers, including niggerbama back to sub-saharan africa! ]

4-16-12 ROMNEY TO OBAMA: 'START PACKING'
Obama: 'GOOGLE, FACEBOOK Would Not Exist' Without Government...
GOOGLE FOUNDER: WEB FREEDOM UNDER THREAT...
'Very powerful forces have lined up around world'...
FCC drops GOOGLE 'Street View' investigation...

PHOTOS: Embattled GSA Official Enjoys Wine and Soak in Spa Tub During 'Pre-Conference' Meeting...

Pleads the Fifth...
Dodges reporters after hearing...

Report: Democrat-controlled Senate laziest in 20 years...
'Buffett' battle heads to Senate floor; bill won't dent deficit...

GOOGLE FOUNDER: WEB FREEDOM UNDER THREAT...
'Very powerful forces have lined up around world'...

Hillary Clinton Dances Night Away in Colombia...
Beers and cheers!
Obama: I'm Here 'To Scout Out' My Next Vacation With Michelle...
Consensus elusive at summit...
Latin America rebels over Cuba...

Hollywood publicist who claimed to be undercover CIA operative -- chokes to death on a deli meat sample... [ Sounds cia to me as in ‘choken, not choked and now shaken but not stirring’.]

UK lord suspended over 'bounty' for Obama and Bush... The British peer reportedly said: "'If the US can announce a reward of $10 million for the (capture) of Hafiz Saeed, I can announce a bounty of £10 million (for the capture of) President Obama and his predecessor, George Bush." [ Sounds fair to me! ]

OBAMA DOESN'T QUALIFY FOR OWN 'BUFFETT RULE'...
PRESIDENT PAID LOWER RATE THAN SECRETARY?
Kids get $48,000 -- tax free!
BIDENS DONATE LESS THAN 1.5% OF INCOME TO CHARITY...
Biden Earned $21,000 Last Year From the Secret Service...No, he’s not moonlighting as an agent.Vice President Joe Biden last year earned $20,900 in rental income from the Secret Service, which is paying him to host agents on his property so they can protect him.Most high-profile people in need of protection pay people to keep them safe. Government officials are allowed to have taxpayers pick up the tab. Biden is unique in that he actually gets paid by his bodyguards for the right to protect him.Biden’s tax records list rental income of $20,900 from a “cottage” on is property, which is reportedly being leased by the Secret Service and paid for at a rate that could earn him even more money next year.Biden took deductions for mortgage interest and taxes that allowed him to report only $12,653 of the amount on his federal tax return.Of course, the Bidens badly need the money. They only had an adjusted gross income of $379,035 last year. This probably also explains why they gave less than 1.5 percent of their income to charity.Among the $5,540 in charitable donations were $1,000 to the UN World Food Program; $1,080 to the Northern Virginia Community College Alumni Scholarship Fund; $1,000 to the Diocese of Wilmington; Delaware; $360 to a breast health initiative launched by Dr. Jill Biden; and $50 to the Wounded Warrior Project.

POLL: Sarkozy's comeback hopes crumble...

4-13-12 POLL: ROMNEY TOPS OBAMA...
ROMNEY WARNS: OBAMA COMING FOR GUNS

WHAT HAPPENS IN VEGAS, STAYS IN VEGAS: GSA OFFICIAL TO THE FIFTH...
POLL: Sarkozy's comeback hopes crumble...

Stocks See Worst Week Of Year..
Mexico Stocks Plunge After 'Wrong Order'...

OBAMA DOESN'T QUALIFY FOR OWN 'BUFFETT RULE'… [ Hmmm! Now we know why the million dollar threshold this year, not last when wobama earned $1.7 million ] ...
PRESIDENT PAID LOWER RATE THAN SECRETARY?
Kids get $48,000 -- tax free!
CAMPAIGN WANTS ROMNEY TAXES -- BACK TO 1970s!
BIDENS DONATE LESS THAN 1.5% OF INCOME TO CHARITY...

FEDS FORCE MEDIA TO USE GOV'T COMPUTERS...

4-12-12 POLL: ROMNEY TOPS OBAMA...
Obama Hammered for 'Jetting Around,' Taking Vacations While Americans Suffer...
New Romney Bumper Sticker: Moms Drive The Economy...
GODFATHER blames Daley for rampant crime...
Homicides in Chicago soar; 120 dead in 2012, 500 wounded...
Mother and child, 1, shot while sleeping...
Woman shot in face while driving...
Dershowitz: Zimmerman Arrest Affidavit 'Irresponsible And Unethical'... “Most affidavits of probable cause are very thin. This is so thin that it won’t make it past a judge on a second degree murder charge,” Dershowitz said. “There’s simply nothing in there that would justify second degree murder.”
Judge Blocks Execution of Cat Ordered by Deceased Owner's Will...
Broken promises come back to haunt Sarkozy...
Disillusioned French voters focus on core economic issues...
'SHE HAS NEVER WORKED A DAY IN HER LIFE' [ So what! Five boys raised properly, housewife to a successful husband, I’d call that a full-time job to be praised and emulated! I’d also say her composure reveals an individual secure enough to do what was best, optimal for her family. It certainly had a salutary effect on Mitt Romney’s earning capacity! Would it have been preferable for her to have been a working wife as michelle obama to con-man, sometime gayster obama who was about to be disbarred when she surrendered her law license; or, hilarious hillary clinton who conducted séances on the roof of the whitehouse purportedly with Eleanor Roosevelt? I think she’ll be a great first lady who won’t as monkey faced chimp moochell obama try to squeeze out every penny of tax-payer funding she can as has moochelle in ie., her (their) over-traveled/vacationed position(s).]

HOLDER PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...

'SECOND DEGREE MURDER'...
'We do not prosecute by public pressure or by petition'[B***S***!]...Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The reality is, if that were the criterion and rule, given the overwhelming prevalence of black violence, particularly black on white violence, there’d be a lot of dead niggers. Niggers are a scourge wherever they are; a black plague, if you will. The reality is that in this nation, having been overrun by niggers, americans have become the new age dinosaurs. As for tyson, the ugly little monkey that no one wanted, now full-grown angry ape, his IQ is well below the average 100. Ape tyson is just a disgrace, period. He’s a typical ignorant, violent ape/nigger. Life with ape tyson, also a convicted rapist, was described by his then (soon to be former) wife, Robin Givens, in a live televised interview with him present (you can only imagine the unsaid) as ‘hell’. He’s mentally deranged (too many head shots?), but he does profess typical nigger sentiment. (Mike Tyson vs. Robin Givens: … biggest fight | Ebony ... Eight months after Mike Tyson and Robin Givens were married on Feb. ... beatings -- she filed for divorce)

Panthers Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:
April 11th, 2012 at 9:51 pm 11 percent of population and they always have thier hands out begging for more.No matter how much you give them its never enough.Filthy animals is all they are. (Absolutely correct!)
Dandroid Reply:
April 11th, 2012 at 5:47 pm
Show trial to keep the peace? Cities will burn if hes found not guilty!
Startover Reply:
April 12th, 2012 at 12:04 am
Let the cities burn, send the Army in to finish them off
George Zimmerman is totally innocent
Trayvon is a punk ass killer (also a known thief and would be in futuro typical nigger criminal)
There is only one victim in this case and that is Zimmerman
Eduard Reply:
April 11th, 2012 at 7:28 pm
Precisely!! That was my thought. This press release sounded more like a minor league actress thanking everyone at a Grammy Award for her success. Then again, I can’t emphasize enough how despicable the “lawyer” field really is. There is no shame in it. The profession is a giant conflict of interest. Moreover, the rules of lawyer ethics always being pulpitted is nothing more than consumable fodder for the gullible. Ethics and lawyers? Laughable isn’t it? That’s like Lucifer passing out copies of the decalogue. This whole twist to the “mestizo-reported-as-a-white man” Zimmerman case has notched into a renewed effort of politicalization for formenting a racial war. …’ ]
Heroin dealer uses welfare EBT card to post bail [ Yes, he’s a nigger; with unreported cash drug income that gives him welfare as well! ] ...
New Black Panther Party chief of staff apologizes after radio outburst...
'The things that's about to happen, to these honkeys, these crackers, these pigs'...
Black residents fearful after shootings in Tulsa… [ Now they know how the ‘white folk’ feel, everywhere, every day, and the black on white violent crime stats overwhelmingly prove the reality and legitimacy of that concern! Civilized people everywhere are tired of the typical nigger b***s***! ]...
RACE WARS: ZIMMERMAN BREAKS SILENCE...
Family challenges Holder on New Black Panthers...
Hacked roadsign reads: 'Trayvon a n*****'...
CNN says 'f****** n*****' on air...
Anchor: 'N*****' Should Replace 'N-word' in News Reports...

Government Surveillance Crackdown On Internet Goes Into Overdrive...
Congressman fears Obama power grab in 'emergency'...
Fidel Castro mocks Obama over 'guayabera' diplomacy...

Rev. Wright Unleashed: 'White Supremacy' Drives 'World Policy'...
Clarence Thomas Worshipping 'Some Other God'...

REPORT: 'Stunning lack of diversity' in Obama's re-election campaign [ I’d say this is more embarrassing for the self-destructive whites who are for obama; after all, who would be foolish enough to hire the typically uncivilized, problematic, violence / crime prone, etc., blacks? ] ... { to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). }
$1 million pizza party in Detroit -- on sterling silver plates!
WHouse basketballs emblazoned with Obama's image...
HOODIE ON THE HILL...
VIDEO: Dem Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members, keep your purses close when ‘bobby bobby r’ is near; the temptation might prove to be too much for his inner rap nigger soul man. ]
Ex-Black Panther...
Another Says Trayvon 'Hunted Down Like Dog' [Well, if the shoe fits … but, actually, niggers are more like apes, monkeys that only evolved to a point… and some dog-lovers might be offended by comparing niggers to dogs. ]...
Pentagon unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those black niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]

Black Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who do these filthy niggers think they are? ] Take a look at this nigger who kills a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of Florida teen not a racist, lawyer says...
SECRET WITNESS: Self-defense... [Witness: Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different picture than we've seen so far of what happened the night 17-year-old Trayvon Martin was shot and killed.The night of that shooting, police say there was a witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to that witness.What Sanford Police investigators have in the folder, they put together on the killing of Trayvon Martin few know about.The file now sits in the hands of the state attorney. Now that file is just weeks away from being opened to a grand jury.It shows more now about why police believed that night that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told dispatchers he was following a teen. The dispatcher told Zimmerman not to.And from that moment to the shooting, details are few.But one man's testimony could be key for the police."The guy on the bottom who had a red sweater on was yelling to me: 'help, help…and I told him to stop and I was calling 911," he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only wanted to be identified as "John," and didn't not want to be shown on camera.His statements to police were instrumental, because police backed up Zimmerman's claims, saying those screams on the 911 call are those of Zimmerman."When I got upstairs and looked down, the guy who was on top beating up the other guy, was the one laying in the grass, and I believe he was dead at that point," John said.Zimmerman says the shooting was self defense. According to information released on the Sanford city website, Zimmerman said he was going back to his SUV when he was attacked by the teen.Sanford police say Zimmerman was bloody in his face and head, and the back of his shirt was wet and had grass stains, indicating a struggle took place before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun
Hoodie-Wearing niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night  ]
'There were young men scattered everywhere'... [ http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]

Buchanan: It's all about race now...
NAACP condemns nigger apeman sharpton's call for escalation in civil disobedience...
Talkradio host calls for arrest and removal from MSNBC...
Detroit Preacher: 'Isn't The Mood In This Nation That White People Are Better Than Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished truth! And, not just whites; viz., Asians, Hispanics, real American Indians, etc., and most feral beasts except dogs are better than blacks who are at best their equals, though some dog owners/lovers may dispute that. Niggers are a scourge on civilized society wherever they are. Just look around, worldwide, wherever they are, in concentrations particularly; it’s the same nigger story. That’s the way they are. That’s what they are. They are a blight on any neighborhood. They are a blight on any society and an insurmountable burden. They bring any society down. Some will argue, how ‘bout sports?, to which one may reply, ie., just because you go to horse races, doesn’t mean you want to live with horses, or, just because you have monkeys in zoos doesn’t mean you want to live with them, etc., much less cede control and affect over society to them. ] '

PARENTS OF MURDERED WHITE STUDENTS SLAM OBAMA FOR SILENCE [ Well, they’re just white folk, not niggers like obama et als. Moreover, there would be no end to the limitless requests as ‘black on white violent crime’ is at epidemic levels and by far exceeds the miniscule proportions of white on black crime. http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
George Zimmerman's father speaks for first time...
Says Trayvon threatened to kill his son...
'You're going to die tonight'...
ABCNEWS: Police video shows no blood...
Large gash on back of head?
POLICE REPORT: Bleeding from nose, head...
Network names 13-year-old witness...
'Plzz shoot da #mf dat lied 2 u!'
@KILLZIMMERMAN TWITTER feed...
First lady hits Vegas with daughters...
FLASHBACK: Obama: 'You can't go take a trip to Vegas on taxpayer's dime'...
10-car motorcade at Mount Rushmore; tourist access restricted during visit...
[ The niggers are forever so ‘in your face’ with their hypocrisy, sense of entitlement, and divorcement from reality; always pushing the bounds of niggerism to contrive an incident / controversy when rational people finally stand up and say ‘wait just one cotton-pickin’ minute’; so outlandish is the typical black jive / nigger b***s***! ]
Holder loses again: Charges against militia members thrown out … [ The corrupt, biased holder should be going after his fellow niggers, the black panthers! ] ...
COPS: Trayvon protesters ransack store … [ Any excuse for niggers to be niggers! ]...
House dems try to politicize...
Zimmerman a registered Democrat...
'You ain't tell me you swung on a bus driver'...
Multiple suspensions from school: marijuana, grafitti, 'possession of burglary tool,' jewelry...
Suspended THREE times for drugs, truancy and graffiti and 'caught carrying a burglary tool': New picture emerges of Trayvon Martin (and did he attack a bus driver too?)

The teen was suspended from school three times

He was on suspension when he was shot in February, after officials caught him with a 'marijuana pipe' and a baggie with drug residue

Trayvon was kicked out of school in October for graffiti after he was allegedly caught with a 'burglary tool' and a bag full of women's jewelry

Officials also suspended him once for skipping school and tardiness

Trayvon Martin was suspended from school three times in the months before he was shot dead by a neighborhood watchman, it emerged today.

The facts, revealed in a leaked report, paint a different picture of a teenager who frequently found himself in trouble with authorities.

It was also revealed that he might have attacked a bus driver, according to a Twitter account that it is claimed belonged to the teen.

The Miami Herald claims that in October, he was caught with a 'burglary tool' - a flathead screwdriver - and 12 pieces of women's jewellery. Martin insisted that they did not belong to him.

POLICE: Black teenagers light 13-year-old on fire; 'You get what you deserve, white boy'...
Typical n*****s! Come on! People are tired of making making up excuses for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm

4-11-12 'SHE HAS NEVER WORKED A DAY IN HER LIFE' [ So what! Five boys raised properly, housewife to a successful husband, I’d call that a full-time job to be praised and emulated! I’d also say her composure reveals an individual secure enough to do what was best, optimal for her family. It certainly had a salutary effect on Mitt Romney’s earning capacity! Would it have been preferable for her to have been a working wife as michelle obama to con-man, sometime gayster obama who was about to be disbarred when she surrendered her law license; or, hilarious hillary clinton who conducted séances on the roof of the whitehouse purportedly with Eleanor Roosevelt? I think she’ll be a great first lady who won’t as monkey faced chimp moochell obama try to squeeze out every penny of tax-payer funding she can as has moochelle in ie., her (their) over-traveled/vacationed position(s).]

HOLDER PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...

'SECOND DEGREE MURDER'...
'We do not prosecute by public pressure or by petition'[B***S***!]...Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The reality is, if that were the criterion and rule, given the overwhelming prevalence of black violence, particularly black on white violence, there’d be a lot of dead niggers. Niggers are a scourge wherever they are; a black plague, if you will. The reality is that in this nation, having been overrun by niggers, americans have become the new age dinosaurs. As for tyson, the ugly little monkey that no one wanted, now full-grown angry ape, his IQ is well below the average 100. Ape tyson is just a disgrace, period. He’s a typical ignorant, violent ape/nigger. Life with ape tyson, also a convicted rapist, was described by his then (soon to be former) wife, Robin Givens, in a live televised interview with him present (you can only imagine the unsaid) as ‘hell’. He’s mentally deranged (too many head shots?), but he does profess typical nigger sentiment. (Mike Tyson vs. Robin Givens: … biggest fight | Ebony ... Eight months after Mike Tyson and Robin Givens were married on Feb. ... beatings -- she filed for divorce)

Panthers Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:
April 11th, 2012 at 9:51 pm 11 percent of population and they always have thier hands out begging for more.No matter how much you give them its never enough.Filthy animals is all they are. (Absolutely correct!)
Dandroid Reply:
April 11th, 2012 at 5:47 pm
Show trial to keep the peace? Cities will burn if hes found not guilty!
Startover Reply:
April 12th, 2012 at 12:04 am
Let the cities burn, send the Army in to finish them off
George Zimmerman is totally innocent
Trayvon is a punk ass killer (also a known thief and would be in futuro typical nigger criminal)
There is only one victim in this case and that is Zimmerman
Eduard Reply:
April 11th, 2012 at 7:28 pm
Precisely!! That was my thought. This press release sounded more like a minor league actress thanking everyone at a Grammy Award for her success. Then again, I can’t emphasize enough how despicable the “lawyer” field really is. There is no shame in it. The profession is a giant conflict of interest. Moreover, the rules of lawyer ethics always being pulpitted is nothing more than consumable fodder for the gullible. Ethics and lawyers? Laughable isn’t it? That’s like Lucifer passing out copies of the decalogue. This whole twist to the “mestizo-reported-as-a-white man” Zimmerman case has notched into a renewed effort of politicalization for formenting a racial war. …’ ]
Heroin dealer uses welfare EBT card to post bail [ Yes, he’s a nigger; with unreported cash drug income that gives him welfare as well! ] ...
New Black Panther Party chief of staff apologizes after radio outburst...
'The things that's about to happen, to these honkeys, these crackers, these pigs'...
Black residents fearful after shootings in Tulsa… [ Now they know how the ‘white folk’ feel, everywhere, every day, and the black on white violent crime stats overwhelmingly prove the reality and legitimacy of that concern! Civilized people everywhere are tired of the typical nigger b***s***! ]...
RACE WARS: ZIMMERMAN BREAKS SILENCE...
Family challenges Holder on New Black Panthers...
Hacked roadsign reads: 'Trayvon a n*****'...
CNN says 'f****** n*****' on air...
Anchor: 'N*****' Should Replace 'N-word' in News Reports...

Government Surveillance Crackdown On Internet Goes Into Overdrive...
Congressman fears Obama power grab in 'emergency'...
Fidel Castro mocks Obama over 'guayabera' diplomacy...

Rev. Wright Unleashed: 'White Supremacy' Drives 'World Policy'...
Clarence Thomas Worshipping 'Some Other God'...

REPORT: 'Stunning lack of diversity' in Obama's re-election campaign [ I’d say this is more embarrassing for the self-destructive whites who are for obama; after all, who would be foolish enough to hire the typically uncivilized, problematic, violence / crime prone, etc., blacks? ] ... { to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). }
$1 million pizza party in Detroit -- on sterling silver plates!
WHouse basketballs emblazoned with Obama's image...
HOODIE ON THE HILL...
VIDEO: Dem Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members, keep your purses close when ‘bobby bobby r’ is near; the temptation might prove to be too much for his inner rap nigger soul man. ]
Ex-Black Panther...
Another Says Trayvon 'Hunted Down Like Dog' [Well, if the shoe fits … but, actually, niggers are more like apes, monkeys that only evolved to a point… and some dog-lovers might be offended by comparing niggers to dogs. ]...
Pentagon unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those black niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]

Black Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who do these filthy niggers think they are? ] Take a look at this nigger who kills a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of Florida teen not a racist, lawyer says...
SECRET WITNESS: Self-defense... [Witness: Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different picture than we've seen so far of what happened the night 17-year-old Trayvon Martin was shot and killed.The night of that shooting, police say there was a witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to that witness.What Sanford Police investigators have in the folder, they put together on the killing of Trayvon Martin few know about.The file now sits in the hands of the state attorney. Now that file is just weeks away from being opened to a grand jury.It shows more now about why police believed that night that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told dispatchers he was following a teen. The dispatcher told Zimmerman not to.And from that moment to the shooting, details are few.But one man's testimony could be key for the police."The guy on the bottom who had a red sweater on was yelling to me: 'help, help…and I told him to stop and I was calling 911," he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only wanted to be identified as "John," and didn't not want to be shown on camera.His statements to police were instrumental, because police backed up Zimmerman's claims, saying those screams on the 911 call are those of Zimmerman."When I got upstairs and looked down, the guy who was on top beating up the other guy, was the one laying in the grass, and I believe he was dead at that point," John said.Zimmerman says the shooting was self defense. According to information released on the Sanford city website, Zimmerman said he was going back to his SUV when he was attacked by the teen.Sanford police say Zimmerman was bloody in his face and head, and the back of his shirt was wet and had grass stains, indicating a struggle took place before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun
Hoodie-Wearing niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night  ]
'There were young men scattered everywhere'... [ http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]

Buchanan: It's all about race now...
NAACP condemns nigger apeman sharpton's call for escalation in civil disobedience...
Talkradio host calls for arrest and removal from MSNBC...
Detroit Preacher: 'Isn't The Mood In This Nation That White People Are Better Than Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished truth! And, not just whites; viz., Asians, Hispanics, real American Indians, etc., and most feral beasts except dogs are better than blacks who are at best their equals, though some dog owners/lovers may dispute that. Niggers are a scourge on civilized society wherever they are. Just look around, worldwide, wherever they are, in concentrations particularly; it’s the same nigger story. That’s the way they are. That’s what they are. They are a blight on any neighborhood. They are a blight on any society and an insurmountable burden. They bring any society down. Some will argue, how ‘bout sports?, to which one may reply, ie., just because you go to horse races, doesn’t mean you want to live with horses, or, just because you have monkeys in zoos doesn’t mean you want to live with them, etc., much less cede control and affect over society to them. ] '

PARENTS OF MURDERED WHITE STUDENTS SLAM OBAMA FOR SILENCE [ Well, they’re just white folk, not niggers like obama et als. Moreover, there would be no end to the limitless requests as ‘black on white violent crime’ is at epidemic levels and by far exceeds the miniscule proportions of white on black crime. http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
George Zimmerman's father speaks for first time...
Says Trayvon threatened to kill his son...
'You're going to die tonight'...
ABCNEWS: Police video shows no blood...
Large gash on back of head?
POLICE REPORT: Bleeding from nose, head...
Network names 13-year-old witness...
'Plzz shoot da #mf dat lied 2 u!'
@KILLZIMMERMAN TWITTER feed...
First lady hits Vegas with daughters...
FLASHBACK: Obama: 'You can't go take a trip to Vegas on taxpayer's dime'...
10-car motorcade at Mount Rushmore; tourist access restricted during visit...
[ The niggers are forever so ‘in your face’ with their hypocrisy, sense of entitlement, and divorcement from reality; always pushing the bounds of niggerism to contrive an incident / controversy when rational people finally stand up and say ‘wait just one cotton-pickin’ minute’; so outlandish is the typical black jive / nigger b***s***! ]
Holder loses again: Charges against militia members thrown out … [ The corrupt, biased holder should be going after his fellow niggers, the black panthers! ] ...
COPS: Trayvon protesters ransack store … [ Any excuse for niggers to be niggers! ]...
House dems try to politicize...
Zimmerman a registered Democrat...
'You ain't tell me you swung on a bus driver'...
Multiple suspensions from school: marijuana, grafitti, 'possession of burglary tool,' jewelry...
Suspended THREE times for drugs, truancy and graffiti and 'caught carrying a burglary tool': New picture emerges of Trayvon Martin (and did he attack a bus driver too?)

The teen was suspended from school three times

He was on suspension when he was shot in February, after officials caught him with a 'marijuana pipe' and a baggie with drug residue

Trayvon was kicked out of school in October for graffiti after he was allegedly caught with a 'burglary tool' and a bag full of women's jewelry

Officials also suspended him once for skipping school and tardiness

Trayvon Martin was suspended from school three times in the months before he was shot dead by a neighborhood watchman, it emerged today.

The facts, revealed in a leaked report, paint a different picture of a teenager who frequently found himself in trouble with authorities.

It was also revealed that he might have attacked a bus driver, according to a Twitter account that it is claimed belonged to the teen.

The Miami Herald claims that in October, he was caught with a 'burglary tool' - a flathead screwdriver - and 12 pieces of women's jewellery. Martin insisted that they did not belong to him.

POLICE: Black teenagers light 13-year-old on fire; 'You get what you deserve, white boy'...
Typical n*****s! Come on! People are tired of making making up excuses for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm Islamists kill dozens in Nigeria Christmas bombs [ Blacks’ black Christmas! Typical! For ‘self-defeating / self-destructive’ ‘political correctness’ or otherwise, I believe the under-profiled black serial killer is also the consequence of their proclivity for and love of killing, random, wanton savagery for no reason other than for the sake of killing (as, ie., rabid dogs, which distinguishes them from and positions them below other feral beasts) and otherwise, and an historic predisposition toward canabalism. After all, the contra-indicated mainstream ‘politically correct’ view (tv and otherwise) calls for a white perp in terms of ‘profile’ which is of course, ridiculous. I believe the under-reporting is owing to multiple killings by blacks being classified as something other than ‘serial’; ie., gang, gang related, ‘typical’, etc.. Moreover, the anti-white bias of the black perps is also a reality that’s under-reported. Take a look at the following brutally uncivilized black on white violent rapes/murders: http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white people'... [ Typical n*****s! Good thing there are food stamps; otherwise they’d be reverting to their inherent proclivity for canabalism (send them back to africa … even give them a lump sum for an irrevocable repatriation incentive … a huge cost-saving beyond the first year with substantial salutary effects for the nation, the economy, and the remaining civilized non-blacks). The other major crimes they do anyway. It’s their nature. You’ll never change the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security... [ I refrained from using the ‘n word’ (or even blacks / negroes) in referring to the culprits in the following two incidents (those tender sensibilities) but I’m sure you’ve guessed that they were niggers and I include same here in light of the foregoing incident (and yes, the victims were white), which is typical. ‘.. while walking through Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion (limbic system / adrenalin flow) I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped / a crowd gathered / an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA’s position with both felonies ( he went to prison – pled out ). The other case I wrote about here ( This was included on my website in the Psychology forum discussion of ‘bystander effect’ / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparently had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp (a police officer here in California was the object of intense criticism for having used a flashlight to subdue a criminal / nigger after a long chase so I included that here) . The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal / nigger went to jail (where they belong). The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). ]
Black Serial/Mass/Spree Killer List:
1. Matthew Emanuel Macon (Murdered and Raped 5 White Women in Lansing)
2. Jimmie Reed (Murdered his wife and his 2 month old daughter and set them on fire)
3. Shelly Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)
4. Justin Blackshere (Stabbed two white cooks at Cheli’s Chili downtown Detroit)
5. Jervon Miguel Coleman (Murdered three people.)
6. Donell Ramon Johnson (Murdered a mother and a daughter)
7. Brian Ranard Davis (6 women known murdered by nigger)
8. Paul Durousseau (Seven women)
9. Mark Goudeau “The Baseline Killer” (Eight women and a man in 2005-2006)
10. Coral Eugene Watts (11 women in Texas & 1 in Michigan)
11. Anthony McKnight (Five girls and young women)
12. Derrick Todd Lee (8 Women)
13. Charles Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15 years!)
14. The Zebra Killings (71 White people)
15. Chester Turner (L.A.s most prolific killer 12 women killed.)
16. Lorenzo J. Gilyard (Kansas City, MO.—13 victims)
17. Eugene Victor Britt (Gary, IN.–3 known murder/rapes.)
18. Reginald and Jonathan Carr (The Wichita Massacre–6 Whites murdered)
19. Ray Joseph Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people in 7 days, including an entire White family.)
20. The Tinley Park Murderer (Suspect hasn’t been found but has been described as black – murdered 5 women in a store.)
21. Henry Louis Wallace (Raped and strangled 5 women to death.)
22. Charles Johnston (Murdered 3 unarmed white men in hospital)
23. Craig Price (Brutally murdered 3 women)
24. Harrison Graham (Brually Murdered 3 women)
25. Charles Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council. )
26. & 27. Darnell Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)
28 &29. John Allen Muhammad & Lee Boyd Malvo (Sniped 11 people from a car in DC, 9 died.)
30. George Russell (3 women, WA state)
31. Timothy W. Spencer (5 killed, Arlington, VA and Richmond, VA)
32. Elton M. Jackson (12 gay men killed, Norfolk, VA area)
33. Carlton Gary (3 killed in Columbus, GA)
34. Mohammed Adam Omar (16 women, Yemen. Omar is Sudanese.)
35. Kendall Francois (8 women, Poughkeepsie, NY and surrounding areas.)
36. Terry A. Blair (8 women, Kansas City area)
37. Wayne Williams (33 many of them children!, Atlanta, GA)
38. Vaughn Greenwood (11 killed in LA)
39. Andre Crawford (10 killed in Chicago – southside)
40. Calvin Jackson (9 killed possibley more in NY)
41. Gregory Klepper (killed 8, Chicago – southside)
42. Alton Coleman (Killed 8 in the Midwest)
43. Harrison Graham (killed 7+ in N. Philadelphia)
44. Cleophus Prince (6 killed in, San Diego
45. Robert Rozier (7 killed in, Miami)
46. Maurice Byrd (killed 20 + in St. Louis)
47. Maury Travis (17 and rising, St. Louis and possibly also Atlanta)
48. Hulon Mitchell, a.k.a. Yahweh Ben Yahweh (killed 20+ in Florida)
49. Lorenzo Fayne (killed 5 children in East St. Louis, IL)
50. Paul Durousseau, (killed 6, two of which were pregnant women, Jacksonville, FL; Georgia.)
51. Eddie Lee Mosley (killed 25 to 30 women, south Florida)
52. Henry Lee Jones (killed 4 in, south Florida; Bartlett, TN)
53. Richard “Babyface” Jameswhite (15 killed in, New York; Georgia.)
54. Donald E. Younge, Jr. (killed 4), East St. Louis, IL; Salt Lake City, UT.
55. Ivan Hill (killed 6 in Los Angeles area).
56. Michael Vernon (Bronx, NY. Killed at least seven people – )
57. Chester Dewayne Turner (12 women killed in, Los Angeles)
ARREST MADE IN LOS ANGELES GRIM SLEEPER SERIAL KILLER CASE July 07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME |By Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested a suspect in the Grim Sleeper serial killer case and will charge him with 10 counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of attempted murder, Capt. Kevin McClure with the Los Angeles Police Department said.Franklin will arraigned in court Thursday morning, McClure said.The California Attorney General's office attributed the arrest to DNA collected from a relative of the suspect, in a controversial and rarely used practice known as familial DNA search.’
Of Course There Are Black Serial Killers by Lynette Holloway on  July 15, 2010 The case of the "Grim Sleeper" inspires a second look at the popular perception that serial killing is the province of clever white men.
Serial Murderers' Row July 16, 2010 The following black men are among the most prolific serial killers in U.S. history. http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus: Behind the myth that only white men commit such crimes.
Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved In Fights At Mall Of America After Rumors That Rappers Are There...

Miami Heat Players Don Hoodies...
'Dead or Alive' Poster Issued by New Black Panther Party... [ ‘Minority Report’ Division of Pre-Crime, Pre-Cogs say, ‘Dead or Alive – all niggers’ … whatever the outcome in the investigative process, the stark reality is that at least, unlike the niggers committing many more ‘black on white’ violent crimes, Zimmerman (and this is no endorsement – I won’t be looking at this one incident all that closely) was at least trying to do a good thing made necessary by the ever increasing number of brutal crimes committed by the black thugs in neighborhoods across the nation; then there’s somalian pirates, etc.. People domestically and internationally are suffering from nigger-fatigue and are totally niggered out. Oh, yeah, there are some Hollywood types who feel good about themselves having niggers around and helping niggers to help them feel better than they really are, insecure as they are, by being better than at least someone beyond fantasy. Loony george clooney is one. Dreadfully boring and with that monotone, monotonous voice and not that bright, he’s not even able to fake it on screen as an action hero (ie., batman, what a horrific miscast) wimpy pussy in reality that he is; then there’s the ‘black (sean) penn’ who cried like a baby while incarcerated for a couple of days not that long ago. The atheist jolie, so fatherly troubled as she is, has let the equally mentally troubled pitt (she so nutty she makes him feel somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be the closest she’s gotten to her black projects. Let them live anonomously (in disguise) with the niggers for some time for a real close look and then see what’s left of their predisposed love for the nigger. Then there’s the italian scallion, booby deniro; drug addled as his black wife high-tower, what a total embarrassment to Italians everywhere; even as he tried to ingratiate himself recently with niggers everywhere and particularly national embarrassment mammy michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan Africa! ]
'BLACK NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE CONTRARY ] ARE UNDER ATTACK [ SAYS NIGGER SHAKEDOWN ARTIST JACKSON] ' [ Hold on one cotton-pickin’ minute jesse, that’s not what the facts say Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d look just like any other nigger. And, don’t worry about the black vote, failed president wobama the b for b***s*** will get nearly if not all, 100% of the nigger vote! Drudgereport: Farrakhan Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks that would have to be retaliated against based upon the hushed reality of the prevalence of black on white crime? The blacks should be careful what they wish for in playing that game because the facts don’t break in their favor. ] ...

People have become weary of making up excuses for blacks (like obama, holder, etc.). At some point, as now, people should not be timid about relating the cold, unvarnished truth statistically / factually about blacks and, ie., black on white violent crime, etc..

 From Pat Buchanan: As for racism, its ugliest manifestation is in interracial crime, and especially interracial crimes of violence. Is Barack Obama aware that while white criminals choose black victims 3 percent of the time, black criminals choose white victims 45 percent of the time? Is Barack aware that black-on-white rapes are 100 times more common than the reverse, that black-on-white robberies were 139 times as common in the first three years of this decade as the reverse? We have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned out to be hoaxes. But about the epidemic of black assaults on whites that are real, we hear nothing.

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

The reality is that blacks are an insoluble problem wherever they are. That’s not going to ever change; not make-shift/make-work jobs; not programs; not anything tried or to be tried; hence, they must be treated as exactly that – problems – before a solution can be derived and fashioned. ] [ Send the niggers, including niggerbama back to sub-saharan africa! ]

4-10-12 WALL ST GHOST TOWN: TRADING HITS 4-YEAR LOW [Actually the low trading volume’s a positive in that those churn-and-earn computerized programmed trades at lightning speed are a big net negative in real economic terms. ]...
STOCKS CONTINUE DROP...
Log Worst Day of Year...
Wave of Selling Rocks Euro Markets...
SONY Revises Expected Loss to $6.4 Billion!

SHOCK PHOTOS: Obama, Thin And Wasting Away...
LOSING HIS COOL!
An American soldier killed in Afghanistan every day in April...
Iran captured Israel-backed 'terrorist team'...
RACE WARS: Baltimore's top cop says videotaped beating of white tourist hate crime...
New Video Surfaces...

Zimmerman attorneys: 'We've lost contact with him'...
Family of Trayvon worried he won't be found... [ Yeah, he might not even pick that medal he deserves for taking out that little thief and typical future nigger criminal who threatened his life. Can you believe that the protesting nigger animals shot up a police car and blocked entrance to the police station! ]
Special prosecutor to release new info 'within next 72 hours'...
Strip-Search Case Reflects Death of American Privacy...

4-9-12 Gas Prices Grow More Under Obama than Carter...

$7 Gas Hits CA's Catalina Island...

Black residents fearful after shootings in Tulsa… [ Now they know how the ‘white folk’ feel, everywhere, every day, and the black on white violent crime stats overwhelmingly prove the reality and legitimacy of that concern! Civilized people everywhere are tired of the typical nigger b***s***! ]...
RACE WARS: ZIMMERMAN BREAKS SILENCE...
Family challenges Holder on New Black Panthers...
Hacked roadsign reads: 'Trayvon a n*****'...
CNN says 'f****** n*****' on air...
Anchor: 'N*****' Should Replace 'N-word' in News Reports...

Government Surveillance Crackdown On Internet Goes Into Overdrive...
Congressman fears Obama power grab in 'emergency'...
Fidel Castro mocks Obama over 'guayabera' diplomacy...

Rev. Wright Unleashed: 'White Supremacy' Drives 'World Policy'...
Clarence Thomas Worshipping 'Some Other God'...

REPORT: 'Stunning lack of diversity' in Obama's re-election campaign [ I’d say this is more embarrassing for the self-destructive whites who are for obama; after all, who would be foolish enough to hire the typically uncivilized, problematic, violence / crime prone, etc., blacks? ] ... { to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). }
$1 million pizza party in Detroit -- on sterling silver plates!
WHouse basketballs emblazoned with Obama's image...
HOODIE ON THE HILL...
VIDEO: Dem Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members, keep your purses close when ‘bobby bobby r’ is near; the temptation might prove to be too much for his inner rap nigger soul man. ]
Ex-Black Panther...
Another Says Trayvon 'Hunted Down Like Dog' [Well, if the shoe fits … but, actually, niggers are more like apes, monkeys that only evolved to a point… and some dog-lovers might be offended by comparing niggers to dogs. ]...
Pentagon unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those black niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]

Black Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who do these filthy niggers think they are? ] Take a look at this nigger who kills a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of Florida teen not a racist, lawyer says...
SECRET WITNESS: Self-defense... [Witness: Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different picture than we've seen so far of what happened the night 17-year-old Trayvon Martin was shot and killed.The night of that shooting, police say there was a witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to that witness.What Sanford Police investigators have in the folder, they put together on the killing of Trayvon Martin few know about.The file now sits in the hands of the state attorney. Now that file is just weeks away from being opened to a grand jury.It shows more now about why police believed that night that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told dispatchers he was following a teen. The dispatcher told Zimmerman not to.And from that moment to the shooting, details are few.But one man's testimony could be key for the police."The guy on the bottom who had a red sweater on was yelling to me: 'help, help…and I told him to stop and I was calling 911," he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only wanted to be identified as "John," and didn't not want to be shown on camera.His statements to police were instrumental, because police backed up Zimmerman's claims, saying those screams on the 911 call are those of Zimmerman."When I got upstairs and looked down, the guy who was on top beating up the other guy, was the one laying in the grass, and I believe he was dead at that point," John said.Zimmerman says the shooting was self defense. According to information released on the Sanford city website, Zimmerman said he was going back to his SUV when he was attacked by the teen.Sanford police say Zimmerman was bloody in his face and head, and the back of his shirt was wet and had grass stains, indicating a struggle took place before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun
Hoodie-Wearing niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night  ]
'There were young men scattered everywhere'... [ http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]

Buchanan: It's all about race now...
NAACP condemns nigger apeman sharpton's call for escalation in civil disobedience...
Talkradio host calls for arrest and removal from MSNBC...
Detroit Preacher: 'Isn't The Mood In This Nation That White People Are Better Than Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished truth! And, not just whites; viz., Asians, Hispanics, real American Indians, etc., and most feral beasts except dogs are better than blacks who are at best their equals, though some dog owners/lovers may dispute that. Niggers are a scourge on civilized society wherever they are. Just look around, worldwide, wherever they are, in concentrations particularly; it’s the same nigger story. That’s the way they are. That’s what they are. They are a blight on any neighborhood. They are a blight on any society and an insurmountable burden. They bring any society down. Some will argue, how ‘bout sports?, to which one may reply, ie., just because you go to horse races, doesn’t mean you want to live with horses, or, just because you have monkeys in zoos doesn’t mean you want to live with them, etc., much less cede control and affect over society to them. ] '

PARENTS OF MURDERED WHITE STUDENTS SLAM OBAMA FOR SILENCE [ Well, they’re just white folk, not niggers like obama et als. Moreover, there would be no end to the limitless requests as ‘black on white violent crime’ is at epidemic levels and by far exceeds the miniscule proportions of white on black crime. http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
George Zimmerman's father speaks for first time...
Says Trayvon threatened to kill his son...
'You're going to die tonight'...
ABCNEWS: Police video shows no blood...
Large gash on back of head?
POLICE REPORT: Bleeding from nose, head...
Network names 13-year-old witness...
'Plzz shoot da #mf dat lied 2 u!'
@KILLZIMMERMAN TWITTER feed...
First lady hits Vegas with daughters...
FLASHBACK: Obama: 'You can't go take a trip to Vegas on taxpayer's dime'...
10-car motorcade at Mount Rushmore; tourist access restricted during visit...
[ The niggers are forever so ‘in your face’ with their hypocrisy, sense of entitlement, and divorcement from reality; always pushing the bounds of niggerism to contrive and incident / controversy when rational people finally stand up and say ‘wait just one cotton-pickin’ minute’; so outlandish is the typical black jive / nigger b***s***! ]
Holder loses again: Charges against militia members thrown out … [ The corrupt, biased holder should be going after his fellow niggers, the black panthers! ] ...
COPS: Trayvon protesters ransack store … [ Any excuse for niggers to be niggers! ]...
House dems try to politicize...
Zimmerman a registered Democrat...
'You ain't tell me you swung on a bus driver'...
Multiple suspensions from school: marijuana, grafitti, 'possession of burglary tool,' jewelry...
Suspended THREE times for drugs, truancy and graffiti and 'caught carrying a burglary tool': New picture emerges of Trayvon Martin (and did he attack a bus driver too?)

The teen was suspended from school three times

He was on suspension when he was shot in February, after officials caught him with a 'marijuana pipe' and a baggie with drug residue

Trayvon was kicked out of school in October for graffiti after he was allegedly caught with a 'burglary tool' and a bag full of women's jewelry

Officials also suspended him once for skipping school and tardiness

Trayvon Martin was suspended from school three times in the months before he was shot dead by a neighborhood watchman, it emerged today.

The facts, revealed in a leaked report, paint a different picture of a teenager who frequently found himself in trouble with authorities.

It was also revealed that he might have attacked a bus driver, according to a Twitter account that it is claimed belonged to the teen.

The Miami Herald claims that in October, he was caught with a 'burglary tool' - a flathead screwdriver - and 12 pieces of women's jewellery. Martin insisted that they did not belong to him.

POLICE: Black teenagers light 13-year-old on fire; 'You get what you deserve, white boy'...
Typical n*****s! Come on! People are tired of making making up excuses for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm Islamists kill dozens in Nigeria Christmas bombs [ Blacks’ black Christmas! Typical! For ‘self-defeating / self-destructive’ ‘political correctness’ or otherwise, I believe the under-profiled black serial killer is also the consequence of their proclivity for and love of killing, random, wanton savagery for no reason other than for the sake of killing (as, ie., rabid dogs, which distinguishes them from and positions them below other feral beasts) and otherwise, and an historic predisposition toward canabalism. After all, the contra-indicated mainstream ‘politically correct’ view (tv and otherwise) calls for a white perp in terms of ‘profile’ which is of course, ridiculous. I believe the under-reporting is owing to multiple killings by blacks being classified as something other than ‘serial’; ie., gang, gang related, ‘typical’, etc.. Moreover, the anti-white bias of the black perps is also a reality that’s under-reported. Take a look at the following brutally uncivilized black on white violent rapes/murders: http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white people'... [ Typical n*****s! Good thing there are food stamps; otherwise they’d be reverting to their inherent proclivity for canabalism (send them back to africa … even give them a lump sum for an irrevocable repatriation incentive … a huge cost-saving beyond the first year with substantial salutary effects for the nation, the economy, and the remaining civilized non-blacks). The other major crimes they do anyway. It’s their nature. You’ll never change the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security... [ I refrained from using the ‘n word’ (or even blacks / negroes) in referring to the culprits in the following two incidents (those tender sensibilities) but I’m sure you’ve guessed that they were niggers and I include same here in light of the foregoing incident (and yes, the victims were white), which is typical. ‘.. while walking through Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion (limbic system / adrenalin flow) I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped / a crowd gathered / an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA’s position with both felonies ( he went to prison – pled out ). The other case I wrote about here ( This was included on my website in the Psychology forum discussion of ‘bystander effect’ / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparently had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp (a police officer here in California was the object of intense criticism for having used a flashlight to subdue a criminal / nigger after a long chase so I included that here) . The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal / nigger went to jail (where they belong). The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). ]
Black Serial/Mass/Spree Killer List:
1. Matthew Emanuel Macon (Murdered and Raped 5 White Women in Lansing)
2. Jimmie Reed (Murdered his wife and his 2 month old daughter and set them on fire)
3. Shelly Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)
4. Justin Blackshere (Stabbed two white cooks at Cheli’s Chili downtown Detroit)
5. Jervon Miguel Coleman (Murdered three people.)
6. Donell Ramon Johnson (Murdered a mother and a daughter)
7. Brian Ranard Davis (6 women known murdered by nigger)
8. Paul Durousseau (Seven women)
9. Mark Goudeau “The Baseline Killer” (Eight women and a man in 2005-2006)
10. Coral Eugene Watts (11 women in Texas & 1 in Michigan)
11. Anthony McKnight (Five girls and young women)
12. Derrick Todd Lee (8 Women)
13. Charles Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15 years!)
14. The Zebra Killings (71 White people)
15. Chester Turner (L.A.s most prolific killer 12 women killed.)
16. Lorenzo J. Gilyard (Kansas City, MO.—13 victims)
17. Eugene Victor Britt (Gary, IN.–3 known murder/rapes.)
18. Reginald and Jonathan Carr (The Wichita Massacre–6 Whites murdered)
19. Ray Joseph Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people in 7 days, including an entire White family.)
20. The Tinley Park Murderer (Suspect hasn’t been found but has been described as black – murdered 5 women in a store.)
21. Henry Louis Wallace (Raped and strangled 5 women to death.)
22. Charles Johnston (Murdered 3 unarmed white men in hospital)
23. Craig Price (Brutally murdered 3 women)
24. Harrison Graham (Brually Murdered 3 women)
25. Charles Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council. )
26. & 27. Darnell Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)
28 &29. John Allen Muhammad & Lee Boyd Malvo (Sniped 11 people from a car in DC, 9 died.)
30. George Russell (3 women, WA state)
31. Timothy W. Spencer (5 killed, Arlington, VA and Richmond, VA)
32. Elton M. Jackson (12 gay men killed, Norfolk, VA area)
33. Carlton Gary (3 killed in Columbus, GA)
34. Mohammed Adam Omar (16 women, Yemen. Omar is Sudanese.)
35. Kendall Francois (8 women, Poughkeepsie, NY and surrounding areas.)
36. Terry A. Blair (8 women, Kansas City area)
37. Wayne Williams (33 many of them children!, Atlanta, GA)
38. Vaughn Greenwood (11 killed in LA)
39. Andre Crawford (10 killed in Chicago – southside)
40. Calvin Jackson (9 killed possibley more in NY)
41. Gregory Klepper (killed 8, Chicago – southside)
42. Alton Coleman (Killed 8 in the Midwest)
43. Harrison Graham (killed 7+ in N. Philadelphia)
44. Cleophus Prince (6 killed in, San Diego
45. Robert Rozier (7 killed in, Miami)
46. Maurice Byrd (killed 20 + in St. Louis)
47. Maury Travis (17 and rising, St. Louis and possibly also Atlanta)
48. Hulon Mitchell, a.k.a. Yahweh Ben Yahweh (killed 20+ in Florida)
49. Lorenzo Fayne (killed 5 children in East St. Louis, IL)
50. Paul Durousseau, (killed 6, two of which were pregnant women, Jacksonville, FL; Georgia.)
51. Eddie Lee Mosley (killed 25 to 30 women, south Florida)
52. Henry Lee Jones (killed 4 in, south Florida; Bartlett, TN)
53. Richard “Babyface” Jameswhite (15 killed in, New York; Georgia.)
54. Donald E. Younge, Jr. (killed 4), East St. Louis, IL; Salt Lake City, UT.
55. Ivan Hill (killed 6 in Los Angeles area).
56. Michael Vernon (Bronx, NY. Killed at least seven people – )
57. Chester Dewayne Turner (12 women killed in, Los Angeles)
ARREST MADE IN LOS ANGELES GRIM SLEEPER SERIAL KILLER CASE July 07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME |By Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested a suspect in the Grim Sleeper serial killer case and will charge him with 10 counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of attempted murder, Capt. Kevin McClure with the Los Angeles Police Department said.Franklin will arraigned in court Thursday morning, McClure said.The California Attorney General's office attributed the arrest to DNA collected from a relative of the suspect, in a controversial and rarely used practice known as familial DNA search.’
Of Course There Are Black Serial Killers by Lynette Holloway on  July 15, 2010 The case of the "Grim Sleeper" inspires a second look at the popular perception that serial killing is the province of clever white men.
Serial Murderers' Row July 16, 2010 The following black men are among the most prolific serial killers in U.S. history. http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus: Behind the myth that only white men commit such crimes.
Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved In Fights At Mall Of America After Rumors That Rappers Are There...

Miami Heat Players Don Hoodies...
'Dead or Alive' Poster Issued by New Black Panther Party... [ ‘Minority Report’ Division of Pre-Crime, Pre-Cogs say, ‘Dead or Alive – all niggers’ … whatever the outcome in the investigative process, the stark reality is that at least, unlike the niggers committing many more ‘black on white’ violent crimes, Zimmerman (and this is no endorsement – I won’t be looking at this one incident all that closely) was at least trying to do a good thing made necessary by the ever increasing number of brutal crimes committed by the black thugs in neighborhoods across the nation; then there’s somalian pirates, etc.. People domestically and internationally are suffering from nigger-fatigue and are totally niggered out. Oh, yeah, there are some Hollywood types who feel good about themselves having niggers around and helping niggers to help them feel better than they really are, insecure as they are, by being better than at least someone beyond fantasy. Loony george clooney is one. Dreadfully boring and with that monotone, monotonous voice and not that bright, he’s not even able to fake it on screen as an action hero (ie., batman, what a horrific miscast) wimpy pussy in reality that he is; then there’s the ‘black (sean) penn’ who cried like a baby while incarcerated for a couple of days not that long ago. The atheist jolie, so fatherly troubled as she is, has let the equally mentally troubled pitt (she so nutty she makes him feel somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be the closest she’s gotten to her black projects. Let them live anonomously (in disguise) with the niggers for some time for a real close look and then see what’s left of their predisposed love for the nigger. Then there’s the italian scallion, booby deniro; drug addled as his black wife high-tower, what a total embarrassment to Italians everywhere; even as he tried to ingratiate himself recently with niggers everywhere and particularly national embarrassment mammy michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan Africa! ]
'BLACK NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE CONTRARY ] ARE UNDER ATTACK [ SAYS NIGGER SHAKEDOWN ARTIST JACKSON] ' [ Hold on one cotton-pickin’ minute jesse, that’s not what the facts say Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d look just like any other nigger. And, don’t worry about the black vote, failed president wobama the b for b***s*** will get nearly if not all, 100% of the nigger vote! Drudgereport: Farrakhan Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks that would have to be retaliated against based upon the hushed reality of the prevalence of black on white crime? The blacks should be careful what they wish for in playing that game because the facts don’t break in their favor. ] ...

People have become weary of making up excuses for blacks (like obama, holder, etc.). At some point, as now, people should not be timid about relating the cold, unvarnished truth statistically / factually about blacks and, ie., black on white violent crime, etc..

 From Pat Buchanan: As for racism, its ugliest manifestation is in interracial crime, and especially interracial crimes of violence. Is Barack Obama aware that while white criminals choose black victims 3 percent of the time, black criminals choose white victims 45 percent of the time? Is Barack aware that black-on-white rapes are 100 times more common than the reverse, that black-on-white robberies were 139 times as common in the first three years of this decade as the reverse? We have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned out to be hoaxes. But about the epidemic of black assaults on whites that are real, we hear nothing.

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

The reality is that blacks are an insoluble problem wherever they are. That’s not going to ever change; not make-shift/make-work jobs; not programs; not anything tried or to be tried; hence, they must be treated as exactly that – problems – before a solution can be derived and fashioned. ] [ Send the niggers, including niggerbama back to sub-saharan africa! ]

4-5-12 Economy adds just 120K jobs...
Number of people not in labor force rises to record 88M...
Futures crash on jobs data...
Stocks Post Biggest Weekly Decline in 2012...
40th straight deficit month...
DEBT HITS $15,617,723,000,000.00
Obama's Budget: 'Interest Payments Will Exceed Defense Budget' in 2019...

'Long Live Zimmerman' Spray-Painted on Ohio State's Black Cultural Center...
City of Sanford preps for worst with decision looming in Trayvon Martin case...
Man, 78, beaten by teens: 'This is for Trayvon'...
NBC probe on altered 911 call centers on 'seasoned' producer...
Jesse Jackson calls on blacks to wear hoodies to polling places...

VULCAN DEATH GRIP: VOTE FOR ME OR THE KIDS DIE...

REPORT: Panetta's weekend trips to CA cost taxpayers nearly $1 million...
Def Sec paid just $17,000...

Federal Worker Performs Rap Bragging About Lavish Perks...
'Love to the nation! I'll never be under investigation!'
POLL: Even government workers say they are lazier...

MARION BARRY: 'We've got to do something about these Asians coming in'[ Riiiiight! It’s the Asians who are the problem … as he takes another hit. ]...

4-04-12 Food inflation seen back on the table as prices rise...

Romney Accuses Obama of Hiding Agenda...

Russia warns West, Arabs against arming Syria rebels...

U.S. Pressing Interpol to Deny Egypt's Request To Arrest Americans...

DEMS BLACKLIST WALMART, COKE [ I’m a bit surprised because obama, clinton, w bush, etc., have all done their share of coke which has been admitted / documented, then the government illegally imports / distributes coke in a very big way, and walmart / clinton ties go all the way back to arkansas! ] ...

4-03-12 PUMP AND SLUMP...

ROMNEY SLAMS OBAMA'S 'GOVERNMENT-CENTERED SOCIETY'...

PAYBACK: Obama admin set to sue Sheriff Joe...
Arpaio continues probe into president's birth...

NBC offers 'skimpy' apology fo Zimmerman tape screw-up...

LIMBAUGH: Obama Puts Out Figurative Bounty on Supreme Court...
FEDERAL APPEALS COURT FIRES BACK AT OBAMA...

HENTOFF: Obama's NSA: Close to knowing all about us...
Beware the unholy alliance of state and internet...

IMF chief calls on U.S. for more cash...

4-02-12 Van Jones: Obama Wouldn't Lose Black Vote Even If He Came Out As Gay...
DID HE GET A LEAK?
OBAMA TAKES SHOT AT COURT
FLASHBACK: Obama biggest recipient of BP cash...
RED ALERT: Pentagon activates missile defenses for NKorean launch...
GUNMAN OPENS FIRE AT CA UNIVERSITY...
At least 7 dead...

REPORT: Rick Perry used pain killers to get through debates...

Arizona Passes Sweeping Internet Censorship Bill…[arizona is such a nothing, desert wasteland of a state; with war-mongering, neo-con moribund loser mccain a testament to that fact]...

3-30-12 Hoodie-Wearing niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night  ]
'There were young men scattered everywhere'... [ http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]

Buchanan: It's all about race now...
NAACP condemns nigger apeman sharpton's call for escalation in civil disobedience...
Talkradio host calls for arrest and removal from MSNBC...
Detroit Preacher: 'Isn't The Mood In This Nation That White People Are Better Than Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished truth! And, not just whites; viz., Asians, Hispanics, real American Indians, etc., and most feral beasts except dogs are better than blacks who are at best their equals, though some dog owners/lovers may dispute that. Niggers are a scourge on civilized society wherever they are. Just look around, worldwide, wherever they are, in concentrations particularly; it’s the same nigger story. That’s the way they are. That’s what they are. They are a blight on any neighborhood. They are a blight on any society and an insurmountable burden. They bring any society down. Some will argue, how ‘bout sports?, to which one may reply, ie., just because you go to horse races, doesn’t mean you want to live with horses, or, just because you have monkeys in zoos doesn’t mean you want to live with them, etc., much less cede control and affect over society to them. ] '

NOONAN: HE'S BECOMING 'CREEPY'...
Suffers 'worst week' of presidency...
Dem donors ignore plea for cash...
STUDENTS SOUR...
GE Immelt insists he's NOT pulling for Romney...

SHOCK POLL: Afghan war support DOWN TO 25%...
Greek PM warns against threat to bailout...
Europe warned crisis not over yet...
Storm clouds gather over Italy reform drive...

UK GRIPPED BY 'FUEL EMERGENCY'...
Gas Stations Go Dry...

3-29-12 PARENTS OF MURDERED WHITE STUDENTS SLAM OBAMA FOR SILENCE [ Well, they’re just white folk, not niggers like obama et als. Moreover, there would be no end to the limitless requests as ‘black on white violent crime’ is at epidemic levels and by far exceeds the miniscule proportions of white on black crime. http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
George Zimmerman's father speaks for first time...
Says Trayvon threatened to kill his son...
'You're going to die tonight'...
ABCNEWS: Police video shows no blood...
Large gash on back of head?
POLICE REPORT: Bleeding from nose, head...
Network names 13-year-old witness...
'Plzz shoot da #mf dat lied 2 u!'
@KILLZIMMERMAN TWITTER feed...
First lady hits Vegas with daughters...
FLASHBACK: Obama: 'You can't go take a trip to Vegas on taxpayer's dime'...
10-car motorcade at Mount Rushmore; tourist access restricted during visit...
[ The niggers are forever so ‘in your face’ with their hypocrisy, sense of entitlement, and divorcement from reality; always pushing the bounds of niggerism to contrive and incident / controversy when rational people finally stand up and say ‘wait just one cotton-pickin’ minute’; so outlandish is the typical black jive / nigger b***s***! ]
REPORT: DOJ targets SC Gov. Nikki Haley … [ If only she were tiny tim geithner her supporters say! ] ...
TSA GONE WILD:
Manager Arrested for Running Prostitution Ring...
Agents trashed hotel room, fired gun from window...
Screener sentenced in child porn case...

3-28-12 SUPREMES POISED TO STRIKE DOWN OBAMACARE...
Individual mandate picked apart...
Admin. tries rebranding...
'Personal responsibility clause'...
IRS seeks 4,000 agents for Obamacare...
WIRE: Justices split by ideology...
RUBIO ENDORSES ROMNEY
HOODIE ON THE HILL...
VIDEO: Dem Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members, keep your purses close when ‘bobby bobby r’ is near; the temptation might prove to be too much for his inner rap nigger soul man. ]
Ex-Black Panther...
Another Says Trayvon 'Hunted Down Like Dog' [Well, if the shoe fits … but, actually, niggers are more like apes, monkeys that only evolved to a point… and some dog-lovers might be offended by comparing niggers to dogs. ]...
Pentagon unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those black niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]

Black Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who do these filthy niggers think they are? ] Take a look at this nigger who kills a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of Florida teen not a racist, lawyer says...
SECRET WITNESS: Self-defense... [Witness: Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different picture than we've seen so far of what happened the night 17-year-old Trayvon Martin was shot and killed.The night of that shooting, police say there was a witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to that witness.What Sanford Police investigators have in the folder, they put together on the killing of Trayvon Martin few know about.The file now sits in the hands of the state attorney. Now that file is just weeks away from being opened to a grand jury.It shows more now about why police believed that night that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told dispatchers he was following a teen. The dispatcher told Zimmerman not to.And from that moment to the shooting, details are few.But one man's testimony could be key for the police."The guy on the bottom who had a red sweater on was yelling to me: 'help, help…and I told him to stop and I was calling 911," he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only wanted to be identified as "John," and didn't not want to be shown on camera.His statements to police were instrumental, because police backed up Zimmerman's claims, saying those screams on the 911 call are those of Zimmerman."When I got upstairs and looked down, the guy who was on top beating up the other guy, was the one laying in the grass, and I believe he was dead at that point," John said.Zimmerman says the shooting was self defense. According to information released on the Sanford city website, Zimmerman said he was going back to his SUV when he was attacked by the teen.Sanford police say Zimmerman was bloody in his face and head, and the back of his shirt was wet and had grass stains, indicating a struggle took place before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun

3-27-12 Bernanke: Gas prices likely to go up through at least July...
Home prices hit 10-year low...
'Far Too Early to Declare Victory' on Economy... { Duh! Bernanke Claims That The Fed Has Averted A Second Great Depression By Bailing Out The Too Big To Fail Banks http://theeconomiccollapseblog.com http://albertpeia.com/weareinsecondgreatdepression.htm [ To the contrary, because of his policies and particularly the bailouts which facilitated consummation of and even greater frauds, the real economy, the nation, taxpayers will suffer a more severe fate than even that obfuscated by bad policy in this election-year expedience! ‘… When the last financial crisis began, the U.S. national debt was about 10 trillion dollars. Today, it has risen to 15.5 trillion dollars. So Bernanke did not fix anything. The best that can be said is that he kicked the can down the road a little bit and made our long-term financial problems a lot worse at the same time. Bernanke can create money out of thin air and loan it to his friends all he wants, but he is not going to be able to prevent this house of cards from crashing down…’ . He’s as much a fraud and incompetent bozo as ‘his buds who put him there’ for their purpose / benefit. The guy’s a dope http://albertpeia.com/30bunglebenbernankequotes.htm , a fool which fact is lost on no one vis-à-vis the debased Weimar dollar http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , who’s delusional http://albertpeia.com/bunglerbenfedfedsfailure.htm . He’s a total fraud! ]
House Dems introduce $3.6 trillion budget plan; would add $6T to deficit...
OBAMACARE UNDER FIRE
EVEN FROM SOTOMAYOR?
Exchange of fire along Israel-Egypt border...
U.S. STATE DEPT. LABELS ISRAEL, JERUSALEM SEPARATE ENTITIES...
UPDATE: Backtracks...
Report: Hamas, Iran coordinate response to Israel strike...
Holder loses again: Charges against militia members thrown out … [ The corrupt, biased holder should be going after his fellow niggers, the black panthers! ] ...
COPS: Trayvon protesters ransack store … [ Any excuse for niggers to be niggers! ]...
House dems try to politicize...
Zimmerman a registered Democrat...
'You ain't tell me you swung on a bus driver'...
Multiple suspensions from school: marijuana, grafitti, 'possession of burglary tool,' jewelry...
Suspended THREE times for drugs, truancy and graffiti and 'caught carrying a burglary tool': New picture emerges of Trayvon Martin (and did he attack a bus driver too?)

The teen was suspended from school three times

He was on suspension when he was shot in February, after officials caught him with a 'marijuana pipe' and a baggie with drug residue

Trayvon was kicked out of school in October for graffiti after he was allegedly caught with a 'burglary tool' and a bag full of women's jewelry

Officials also suspended him once for skipping school and tardiness

Trayvon Martin was suspended from school three times in the months before he was shot dead by a neighborhood watchman, it emerged today.

The facts, revealed in a leaked report, paint a different picture of a teenager who frequently found himself in trouble with authorities.

It was also revealed that he might have attacked a bus driver, according to a Twitter account that it is claimed belonged to the teen.

The Miami Herald claims that in October, he was caught with a 'burglary tool' - a flathead screwdriver - and 12 pieces of women's jewellery. Martin insisted that they did not belong to him.

Read more: http://www.dailymail.co.uk/news/article-2120504/Trayvon-Martin-case-He-suspended-times-caught-burglary-tool.html#ixzz1qNKq1OXe

New Orleans officer resigns after Trayvon comments...
'Act like a thug die like one!'... [ The officer should not have had to resign. The reality is that trayvon was just a typical nigger; nothing more, but as the niggers and niggerphiles will attest, nothing less. ]
Baggage Handlers Behind 200 Thefts a Day at JFK...

3-26-12 Gas prices expected to rise all summer long...

Sandusky was labeled 'likely pedophile' in 1998...
'Cracker' T-shirt hits Florida streets...
COPS: Zimmerman says Trayvon decked him with one blow then began hammering his head on sidewalk...
'Suffered broken nose and had injury to back of head'...
Martin had been suspended from school for marijuana...
Black Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who do these filthy niggers think they are? ] Take a look at this nigger who kills a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of Florida teen not a racist, lawyer says...
SECRET WITNESS: Self-defense... [Witness: Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different picture than we've seen so far of what happened the night 17-year-old Trayvon Martin was shot and killed.The night of that shooting, police say there was a witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to that witness.What Sanford Police investigators have in the folder, they put together on the killing of Trayvon Martin few know about.The file now sits in the hands of the state attorney. Now that file is just weeks away from being opened to a grand jury.It shows more now about why police believed that night that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told dispatchers he was following a teen. The dispatcher told Zimmerman not to.And from that moment to the shooting, details are few.But one man's testimony could be key for the police."The guy on the bottom who had a red sweater on was yelling to me: 'help, help…and I told him to stop and I was calling 911," he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only wanted to be identified as "John," and didn't not want to be shown on camera.His statements to police were instrumental, because police backed up Zimmerman's claims, saying those screams on the 911 call are those of Zimmerman."When I got upstairs and looked down, the guy who was on top beating up the other guy, was the one laying in the grass, and I believe he was dead at that point," John said.Zimmerman says the shooting was self defense. According to information released on the Sanford city website, Zimmerman said he was going back to his SUV when he was attacked by the teen.Sanford police say Zimmerman was bloody in his face and head, and the back of his shirt was wet and had grass stains, indicating a struggle took place before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun

Former NAACP leader accuses Sharpton, Jackson of 'exploiting' Trayvon Martin...
'His family should be outraged'...
Mother seeks to trademark dead son's name …[ For what? Trayvon hoodies? ]...
Many wear hoodies as churches remember Trayvon...
STUDY: Earth heated up in medieval times -- before human CO2 emissions...

3-23-12 Obama gets personal over killing of black Florida teenager...
Urges 'soul-searching'...
More Miami schools stage mass walk-outs...
Gingrich calls Obama's Trayvon comments 'disgraceful'...
Cops: Man threatened to kill police chief at center of case...
Jeb Bush: 'Stand your ground' invalid here...
Miami Heat Players Don Hoodies...
'Dead or Alive' Poster Issued by New Black Panther Party... [ ‘Minority Report’ Division of Pre-Crime, Pre-Cogs say, ‘Dead or Alive – all niggers’ … whatever the outcome in the investigative process, the stark reality is that at least, unlike the niggers committing many more ‘black on white’ violent crimes, Zimmerman (and this is no endorsement – I won’t be looking at this one incident all that closely) was at least trying to do a good thing made necessary by the ever increasing number of brutal crimes committed by the black thugs in neighborhoods across the nation; then there’s somalian pirates, etc.. People domestically and internationally are suffering from nigger-fatigue and are totally niggered out. Oh, yeah, there are some Hollywood types who feel good about themselves having niggers around and helping niggers to help them feel better than they really are, insecure as they are, by being better than at least someone beyond fantasy. Loony george clooney is one. Dreadfully boring and with that monotone, monotonous voice and not that bright, he’s not even able to fake it on screen as an action hero (ie., batman, what a horrific miscast) wimpy pussy in reality that he is; then there’s the ‘black (sean) penn’ who cried like a baby while incarcerated for a couple of days not that long ago. The atheist jolie, so fatherly troubled as she is, has let the equally mentally troubled pitt (she so nutty she makes him feel somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be the closest she’s gotten to her black projects. Let them live anonomously (in disguise) with the niggers for some time for a real close look and then see what’s left of their predisposed love for the nigger. Then there’s the italian scallion, booby deniro; drug addled as his black wife high-tower, what a total embarrassment to Italians everywhere; even as he tried to ingratiate himself recently with niggers everywhere and particularly national embarrassment mammy michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan Africa! ]
'BLACK NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE CONTRARY ] ARE UNDER ATTACK [ SAYS NIGGER SHAKEDOWN ARTIST JACKSON] ' [ Hold on one cotton-pickin’ minute jesse, that’s not what the facts say Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d look just like any other nigger. And, don’t worry about the black vote, failed president wobama the b for b***s*** will get nearly if not all, 100% of the nigger vote! Drudgereport: Farrakhan Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks that would have to be retaliated against based upon the hushed reality of the prevalence of black on white crime? The blacks should be careful what they wish for in playing that game because the facts don’t break in their favor. ] ...

People have become weary of making up excuses for blacks (like obama, holder, etc.). At some point, as now, people should not be timid about relating the cold, unvarnished truth statistically / factually about blacks and, ie., black on white violent crime, etc..

 From Pat Buchanan: As for racism, its ugliest manifestation is in interracial crime, and especially interracial crimes of violence. Is Barack Obama aware that while white criminals choose black victims 3 percent of the time, black criminals choose white victims 45 percent of the time? Is Barack aware that black-on-white rapes are 100 times more common than the reverse, that black-on-white robberies were 139 times as common in the first three years of this decade as the reverse? We have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned out to be hoaxes. But about the epidemic of black assaults on whites that are real, we hear nothing.

http://albertpeia.com/blackonwhitecrime.htm

VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

The reality is that blacks are an insoluble problem wherever they are. That’s not going to ever change; not make-shift/make-work jobs; not programs; not anything tried or to be tried; hence, they must be treated as exactly that – problems – before a solution can be derived and fashioned. ] [ Send the niggers, including niggerbama back to sub-saharan africa! ]

EUROPE RIDICULES OBAMA...
'Maybe copy key got stuck on presidential speechwriter's keyboard'...
REPORT: Corzine Ordered $200M Moved to JPMORGAN Days Before MF GLOBAL Collapse...
...memo contradicts Corzine testimony
LATEST DOCUMENT DUMP: White House was all-hands-on-deck as SOLYNDRA collapse neared...
APPLE Flash Crash: Single Trade Causes 9% Plunge...
3-22-12 'Do you have your birth certificate?'
Heckled at Ohio State...
CNN reporter says 'n*gger' on live TV … [ Good for him! That’s what they are! ] ...
WASHPOST: 'Florida shooting stirs memories of civil rights era'...
Farrakhan Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of niggers that would have to be retaliated against based upon the hushed reality of the prevalence of black on white crime? The niggers should be careful what they wish for in playing that game because the facts don’t break in their favor. As for the pathetic whites among and protesting with them, they at best just don’t know any better and need a closer real look at the nigger. ] ...
Student loan debt tops $1 trillion...
Marine sergeant faces discipline for FACEBOOK critique of Obama... APNewsBreak: Marine critical of Obama faces charge [ This one caught my eye. While it is true that good soldiering requires absolute discipline by definition, oaths should be taken seriously, honored, and given effect. That said, burning Qurans was the product I assume of orders reflecting even more than just stupidity; hence, whoever gave the order should pay the piper. If no order, and stupidity as with urinating on the bodies of the dead, can and should the actors be held accountable for such gross stupidity? Absolutely! However, one must be mindful of the reality that marines invariably have ‘skin in the game’ when it comes to consequences of commanders in chief incompetence, unlawful acts, poor judgment particularly as impacted by questionable mental states (arbitrarily taking the last three presidents as illustrative, viz., clinton, bush, obama certainly reflect this reality and concern coupled with the unnecessary murderous results of their actions). There has been a longstanding rebuke of the ‘just following orders’ defense accorded soldiers since particularly the nazi regime as an example. As such, Stein certainly should be lauded for saying what all soldiers should already know; namely, the unlawful detention of americans, among other constitutionally barred activities should not be among those orders they are willing to follow. The proscriptions of posse comitatus should also serve as a guide. This is particularly important given the fragile mental state of americans generally, and america’s leadership especially. No longer is it, if ever it was true that americans can be trusted to do the right thing. In fact, quite the opposite is true. Wobama is a desperate and incompetent failure as president whose invariable breach of campaign promises is a testament to his unsuitability for the office he currently occupies; and, one can only thank Stein for recognizing what could devolve into a much more serious and devastating scenario for the nation owing to wobama’s ever increasing political desperation. Broadly and generally, murky areas as this, even involving the military, should be resolved in favor of free speech, first amendment guarantees and against censorship. Guest Post: The Ascendence Of Sociopaths In US Governance Durden 3-21-12 How did we get here? An argument can be made that miscalculation, accident, inattention and the like are why things go bad. Those elements do have a role, but it is minor. Potential catastrophe across the board can't be the result of happenstance. When things go wrong on a grand scale, it's not just bad luck or inadvertence. It's because of serious character flaws in one or many – or even all – of the players. So is there a root cause of all the problems I've cited? If we can find it, it may tell us how we personally can best respond to the problems. In this article, I'm going to argue that the US government, in particular, is being overrun by the wrong kind of person. It's a trend that's been in motion for many years but has now reached a point of no return. In other words, a type of moral rot has become so prevalent that it's institutional in nature. There is not going to be, therefore, any serious change in the direction in which the US is headed until a genuine crisis topples the existing order. Until then, the trend will accelerate. The reason is that a certain class of people – sociopaths – are now fully in control of major American institutions. Their beliefs and attitudes are insinuated throughout the economic, political, intellectual and psychological/spiritual fabric of the US. ]

3-21-12 LA City Council Close To Resolution Barring Radio Hosts From 'Racist, Sexist' Comments... They can’t even competently run this crime-ridden city where even cops are targets, and now they want to get into the censorship business? Remember bustamonte’s quip, ‘the last gasp of white america’? Let the dummies take and require passing a course on first amendment constitutional law before making greater fools of themselves. POLICE: Black teenagers light 13-year-old on fire; 'You get what you deserve, white boy'... Typical n*****s! Come on! People are tired of making making up excuses for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm
VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm
Sheriff Joe Warns: 'Tons' more shocking info on Obama...
Prices Slashed on Limited Edition 'Obama 44' Jerseys...
REPORT: Troops stressed to breaking point...
More Marines Voicing Disapproval of Obama...
OBAMA BACKS HALF A PIPELINE!
Oil Prices at $200 a Barrel?
3-20-12 Obama exempts 11 countries from Iran sanctions...
Netanyahu's Holocaust rhetoric under fire...
Lagarde warns of 30% oil spike...
Karzai calls American troops 'demons'...
POSTMAN CLAIMS: Ayers family put 'foreigner' Obama through school...
...video interview
3-19-12 SANTORUM ENDORSES ROMNEY! [1,504 DAYS AGO]
'If you want conservative as nominee of party, you must vote for Romney'...
GODFATHER ROM EMANUEL SHUTS DOWN NATO PROTEST...
Big Brother Bloomberg Bans Food Donations...
Might be too salty...
Holder 1995: We Must 'Brainwash' People Against Guns … [ And guns not the only subject of brainwashing they’re into; after all, in reality, all holder’s street bros will have their illegal guns anyway, making the law abiding even more dependent upon and at the mercy of the corrupt, do-nothing feds et als! ] ...
MARTIAL LAW? WHITE HOUSE ISSUES EXECUTIVE ORDER: 'NATIONAL DEFENSE RESOURCES PREPAREDNESS'...
...document creates widespread worry
WASHPOST: 'A misleading account of Obama's mother and her insurance dispute'...
Miami Vice: The fight to keep big casinos out of Florida...
3-16-12 COST OF LIVING SOARS...
CBO: Obama budget deepens debt by $3.5 trillion...
2013 deficit: $977 billion...
CBO sees higher deficits under Obama plan...
Will Tom Hanks Video Help Obama [ Lamentably, sweet tom never really able to shirk the role of retard once driven to the apollo as the beloved but mentally challenged gump. Yes, life in america for worst is like that candidate of chocolate. ] ?
'He Would Not Dwell In Blame' [ Yeah, sounds like a plan; when, as with wobama, you have so much to be blamed for. In the final analysis, isn’t blame, the positing of blame to one or another ultimately what a vigorous and real political process is about, ultimately arriving at who’s best to provide credible solutions in light thereof? ] ...
GOP mocks [ Indeed they should! Indeed they must! Wobama’s a joke! ] { The time is come for wobama to pay the piper for every b***s*** story he’s ever told – and that a real lot of b***s*** to account for! } ...
CIA wants to spy on you through your TV...
Agency director says net-connected gadgets will 'transform' surveillance...
Bob Barr Files Lawsuit Against TSA Over 'Drudge' Controversy...
'HOMELAND' LISTS YAWNING, GOOSE BUMPS AS SUSPICIOUS BEHAVIOR...
DEM SEN ACCUSES COLLEAGUES OF BEING 'NIGGARDLY'[ But, to their credit, not niggers! ] ...
SOLDIER NAMED IN AFGHAN MASSACRE...
Writings about war battle discovered...
Angelica Huston: USA Returning to 'Dark Ages'...

3-15-12 Suspect in Afghan Attacks Had Brain Inury Been Drinking...
'He wasn't thrilled about going on another deployment'...
KARZAI: GET OUT!
Afghan president wants U.S. troops gone from villages...
U.S. moves massacre soldier to Kuwait...
Thousands protest, chant anti-American slogans...
Taliban suspends 'peace talks'...
CAM SNUBS REPUBLICANS
Obama Tip for Fainting Audience Members: 'You've Got to Eat'...
Orders baby back ribs, grits, and corn bread...
Biden lauds Obama as man of 'steal' [ spelled s-t-e-A-l, with an emblazened O on his frail, weepy chest as in zero, the big zero wobama the b for b***s***! ] ...
Three in 10 young adults live with parents, highest level since 1950s...
Axelrod: Limbaugh, Maher sexist comments different...
BUCHANAN: Rush and the new blacklist...
China becomes top investor in Germany...

3-14-12 'I wanted to have the Marines look just like their Afghan partners'...
First time stripped of guns during address by secretary of defense...
DISTRUST: MARINES DISARMED FOR PANETTA AT CAMP LEATHERNECK

Price of gas in CA jumps 50 cents in one month...

FLASHBACK: Obama Birthday Party 'Black Heaven' [‘Nigger day’ (aka ‘White Hell’) is darkest night for america!]...
'Obama fanatic' pleads guilty to threatening to kill Sheriff Arpaio, family...

3-13-12 CBO NEARLY DOUBLES OBAMACARE ESTIMATE...
$1.76 TRILLION OVER 10 YEARS!
FLASHBACK: Obama pledges legislation will cost 'around $900 billion over 10 years'...

Fed: Four large banks fail stress tests...
CITI fails...

Spain Has 'Worse Problems Than Greece'...

AFGHANS BURN OBAMA EFFIGY...
Taliban threatens to behead U.S. soldiers...
Fire on Afghan officials at attack site...
Kabul demands local trial for US gunman...

3-12-12 PAIN IN THE PUMP!
44 DOWN TO 41

Fed stress testing banks against 13% unemployment, 50% drop in stock market...

PAPER: Germany proposes a 'DRUDGE Tax'... [Sounds a bit ‘naziish’ to me, in addition to desperate]
Kabul demands local trial for US gunman...
Afghans urge exit...
UK plans combat pull-back...
Killings bring war to presidential campaign...

U.S. soldier in Afghan massacre had 'brain injury'...

3-09-12 Unemployment holds: 8.3%...
US still down 6 million jobs...
THE NUMBERS...
Trade deficit widens to biggest gap since '08; Imports hit record...
US borrowing rises for first time since 2008...
Banks foreclosing on churches in record numbers...
Greek debt swap triggers massive payouts...
MOODY'S declares Greece in default of debt...
Spain's new govt faces first strike...
Germany wants new debate on EU constitution...

NBCNEWS BOLD: Host Al Sharpton Holds Political Rally -- on MSNBC! [No wonder their ‘news’ is viewed as worthless, mind-numbing ‘entertainment’ at best!

Hammer-Wielding Thieves Swipe $450K In High-End Watches -- In 45 Seconds! [ Typical niggers! It’s happening all over the country, here in california particularly. Where’s the Drudge story on that ruthless, uncivilized but typical nigger Kony of uganda fame – remember idi amin? - come on … it’s the same story all over africa or wherever they are in concentrations; similar stories, including especially here in america! Face up to it! That’s what niggers are, that’s what niggers do! ] !
3-08-12 Gov't sets record deficit...

POLL: 77% Say Gas Most Important Factor in Election...
REPORT: Obama lobbying against Keystone pipeline...
FLASH: Dems kill...
Energy Secy: I don't own a car...

ISRAEL REQUESTS 'BUNKER-BUSTER'

Romney Readies 'Prosecution of Obama'...

Greece in last ditch scramble to avoid default...
Alarm sounds over Spain rising debt...
Portugal Doomed?

3-07-12 Panetta: 'International Permission' Trumps Congressional Permission For Military Actions … [ Well, isn’t that revolutionary, as in ‘coup speak’, the constitutional ‘check/protection by solid precedent’ dashed in a sweeping statement by an italian in a failed regime – seen/heard that one before, that ‘international permission’ being the axis powers consensus giving rise to WW2– this is almost in the realm of unbelievable yet is all too believable in pervasively corrupt, defacto bankrupt, war crimes nation america! What total b***s*** / insanity. Let’s see…who should be the ‘international permissioner’ this day? How ‘bout, zionist netanayahu, robert mugabe the zimbabwe, etc.. How totally pathetic! ] ...
Weinstein passes on movie pitch – from [how totally pathetic] Obama!
GAS HITS $6 AT CALIFORNIA STATION...
REPORT: Part of $11M grant to provide 'business attire' for job seekers aided only 2 people...
Brazil overtakes UK to become world's 6th-largest economy...
3-06-12 SUPER CHOOSEDAY...
ROMNEY: ID, MA, OH, VA, VT...
SANTORUM: OK, ND, TN...
GINGRICH: GA...
TOTAL DELEGATE COUNT...
TOTAL POPULAR VOTE...
HERE WE GO AGAIN: Obama moves to aid Syrian 'rebels'...
Sens urge strike [ And look at these senators: loser mccain who’s ‘knock, knock, knocking on hell’s door’, zionist lieberman who’s already out the door, and that ‘mixed up guy’ lindsey graham, all of whom have contributed to america’s national bankruptcy strategy … ]...

Group sues for Michelle Obama vacation records [ and there must be plenty of them; tons and tons … ]...
3-05-12 Tearful Putin claims election victory: 'Glory to Russia'… [ Glory indeed! Historically well-deserved! I really don’t believe that Russians realize how important this victory was for a stable, strong, great Russia prospectively! ] ...
Reasserts grip...
POWER...

PROTEST FEAR: G-8 MOVED OUT OF CHICAGOLAND

HOLDER: US can target citizens overseas...

POLICE: Black teenagers light 13-year-old on fire; 'You get what you deserve, white boy'...
Typical n*****s! Come on! People are tired of making making up excuses for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm Islamists kill dozens in Nigeria Christmas bombs [ Blacks’ black Christmas! Typical! For ‘self-defeating / self-destructive’ ‘political correctness’ or otherwise, I believe the under-profiled black serial killer is also the consequence of their proclivity for and love of killing, random, wanton savagery for no reason other than for the sake of killing (as, ie., rabid dogs, which distinguishes them from and positions them below other feral beasts) and otherwise, and an historic predisposition toward canabalism. After all, the contra-indicated mainstream ‘politically correct’ view (tv and otherwise) calls for a white perp in terms of ‘profile’ which is of course, ridiculous. I believe the under-reporting is owing to multiple killings by blacks being classified as something other than ‘serial’; ie., gang, gang related, ‘typical’, etc.. Moreover, the anti-white bias of the black perps is also a reality that’s under-reported. Take a look at the following brutally uncivilized black on white violent rapes/murders: http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white people'... [ Typical n*****s! Good thing there are food stamps; otherwise they’d be reverting to their inherent proclivity for canabalism (send them back to africa … even give them a lump sum for an irrevocable repatriation incentive … a huge cost-saving beyond the first year with substantial salutary effects for the nation, the economy, and the remaining civilized non-blacks). The other major crimes they do anyway. It’s their nature. You’ll never change the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security... [ I refrained from using the ‘n word’ (or even blacks / negroes) in referring to the culprits in the following two incidents (those tender sensibilities) but I’m sure you’ve guessed that they were niggers and I include same here in light of the foregoing incident (and yes, the victims were white), which is typical. ‘.. while walking through Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion (limbic system / adrenalin flow) I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped / a crowd gathered / an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA’s position with both felonies ( he went to prison – pled out ). The other case I wrote about here ( This was included on my website in the Psychology forum discussion of ‘bystander effect’ / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparently had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp (a police officer here in California was the object of intense criticism for having used a flashlight to subdue a criminal / nigger after a long chase so I included that here) . The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal / nigger went to jail (where they belong). The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). ]
Black Serial/Mass/Spree Killer List:
1. Matthew Emanuel Macon (Murdered and Raped 5 White Women in Lansing)
2. Jimmie Reed (Murdered his wife and his 2 month old daughter and set them on fire)
3. Shelly Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)
4. Justin Blackshere (Stabbed two white cooks at Cheli’s Chili downtown Detroit)
5. Jervon Miguel Coleman (Murdered three people.)
6. Donell Ramon Johnson (Murdered a mother and a daughter)
7. Brian Ranard Davis (6 women known murdered by nigger)
8. Paul Durousseau (Seven women)
9. Mark Goudeau “The Baseline Killer” (Eight women and a man in 2005-2006)
10. Coral Eugene Watts (11 women in Texas & 1 in Michigan)
11. Anthony McKnight (Five girls and young women)
12. Derrick Todd Lee (8 Women)
13. Charles Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15 years!)
14. The Zebra Killings (71 White people)
15. Chester Turner (L.A.s most prolific killer 12 women killed.)
16. Lorenzo J. Gilyard (Kansas City, MO.—13 victims)
17. Eugene Victor Britt (Gary, IN.–3 known murder/rapes.)
18. Reginald and Jonathan Carr (The Wichita Massacre–6 Whites murdered)
19. Ray Joseph Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people in 7 days, including an entire White family.)
20. The Tinley Park Murderer (Suspect hasn’t been found but has been described as black – murdered 5 women in a store.)
21. Henry Louis Wallace (Raped and strangled 5 women to death.)
22. Charles Johnston (Murdered 3 unarmed white men in hospital)
23. Craig Price (Brutally murdered 3 women)
24. Harrison Graham (Brually Murdered 3 women)
25. Charles Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council. )
26. & 27. Darnell Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)
28 &29. John Allen Muhammad & Lee Boyd Malvo (Sniped 11 people from a car in DC, 9 died.)
30. George Russell (3 women, WA state)
31. Timothy W. Spencer (5 killed, Arlington, VA and Richmond, VA)
32. Elton M. Jackson (12 gay men killed, Norfolk, VA area)
33. Carlton Gary (3 killed in Columbus, GA)
34. Mohammed Adam Omar (16 women, Yemen. Omar is Sudanese.)
35. Kendall Francois (8 women, Poughkeepsie, NY and surrounding areas.)
36. Terry A. Blair (8 women, Kansas City area)
37. Wayne Williams (33 many of them children!, Atlanta, GA)
38. Vaughn Greenwood (11 killed in LA)
39. Andre Crawford (10 killed in Chicago – southside)
40. Calvin Jackson (9 killed possibley more in NY)
41. Gregory Klepper (killed 8, Chicago – southside)
42. Alton Coleman (Killed 8 in the Midwest)
43. Harrison Graham (killed 7+ in N. Philadelphia)
44. Cleophus Prince (6 killed in, San Diego
45. Robert Rozier (7 killed in, Miami)
46. Maurice Byrd (killed 20 + in St. Louis)
47. Maury Travis (17 and rising, St. Louis and possibly also Atlanta)
48. Hulon Mitchell, a.k.a. Yahweh Ben Yahweh (killed 20+ in Florida)
49. Lorenzo Fayne (killed 5 children in East St. Louis, IL)
50. Paul Durousseau, (killed 6, two of which were pregnant women, Jacksonville, FL; Georgia.)
51. Eddie Lee Mosley (killed 25 to 30 women, south Florida)
52. Henry Lee Jones (killed 4 in, south Florida; Bartlett, TN)
53. Richard “Babyface” Jameswhite (15 killed in, New York; Georgia.)
54. Donald E. Younge, Jr. (killed 4), East St. Louis, IL; Salt Lake City, UT.
55. Ivan Hill (killed 6 in Los Angeles area).
56. Michael Vernon (Bronx, NY. Killed at least seven people – )
57. Chester Dewayne Turner (12 women killed in, Los Angeles)
ARREST MADE IN LOS ANGELES GRIM SLEEPER SERIAL KILLER CASE July 07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME |By Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested a suspect in the Grim Sleeper serial killer case and will charge him with 10 counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of attempted murder, Capt. Kevin McClure with the Los Angeles Police Department said.Franklin will arraigned in court Thursday morning, McClure said.The California Attorney General's office attributed the arrest to DNA collected from a relative of the suspect, in a controversial and rarely used practice known as familial DNA search.’
Of Course There Are Black Serial Killers by Lynette Holloway on  July 15, 2010 The case of the "Grim Sleeper" inspires a second look at the popular perception that serial killing is the province of clever white men.
Serial Murderers' Row July 16, 2010 The following black men are among the most prolific serial killers in U.S. history. http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus: Behind the myth that only white men commit such crimes.
Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved In Fights At Mall Of America After Rumors That Rappers Are There...

3-02-12 GOV'T MOTORS halts production of CHEVY Volt...
Lays off 1,300...
BLAMES MEDIA FOR LOW SALES...

Obama: 'I Don't Bluff'[ Yeah … he doesn’t bluff, he just b***s***s profusely … What this nation and this world DON’T NEED is some mentally troubled mulatto negroe desperately trying to prove himself in an election year to be something other than what he’s already proven himself to be; viz., a complete and utter failure as president! ] ...

Ann Romney brushes back Bill Clinton (careful Ann … don’t stand too close to ‘bad boy billy’; he might try to lick your rear end or hump your leg, dog that he is; and, be sure not to bring up those then ‘presidential-qualifying’ illegal Mena, Arkansas cocaine drops which is a business he better understands.) ...

Judge Orders Illegal High School Valedictorian To Leave US … [ I have found Colombians to be very intelligent, civilized, decent and honorable people (despite attempts to paint them otherwise vis-à-vis the illegal cocaine ops which are really primarily of american instigation and utility. The more likely reason for this absurd result is that she forgot to pay the expected judicial bribe, one way or person or another. That said, keep in mind america’s a far cry from what it used to be in terms of reasons to want to stay here. ) ...
3-01-12 OIL HIT $110+
Disputed report of Saudi blast causes frenzy...
India resists call to cut Iran imports...
REPORT: Real inflation at 8%...[Actually, even much higher!]...
Your Share of Fannie, Freddie Losses: $1,300...
Two more American troops killed by Afghan soldier...
Obama: Apology 'Calmed Things Down'… [Riiiiight! That reliable b***s*** effect… only in america…]...
Afghan government calls for trial for Quran-burning soldiers...
Russia accuses US of meddling in presidential vote [President Putin has every reason to accuse the corrupt, defacto bankrupt and envious u.s.]...
Internet Outage at Pentagon...
EXCLUSIVE: BREITBART'S LAST HOUR
Death to be reviewed by L.A. County coroner...

Sheriff Joe's posse: 'Probable cause' Obama certificate a fraud...
'Forgery'...

2-29-12 DOWNER!
Bernanke warns lawmakers nation headed for 'massive fiscal cliff'...
China holdings of US debt at $1.15 trillion...
Ron Paul: Fed's 'going to self-destruct'...

Energy Secretary Chu Admits Administration OK with High Gas Prices...

Thieves Drilling Into Gas Tanks...

2-28-12 Gas Prices Hit $5 On Long Island...
...new worry is $6
Detroit Councilman Proposes Gas Stations Hire Security Guards...

GOOGLE in EU showdown over privacy rules...

Revealed: US plans to charge WIKILEAKS' Assange...

More Teens Getting Jobs To Help Parents...
Israel faces resistance over Iran strike...
US security officials remain opposed...

Congressional committee to consider tax breaks for mustaches...
2-27-12 3 doomsaying experts who foresee economic devasation ahead...

RASMUSSEN POLL: Obama Approval at 45%, Lowest in Month -- Falls Behind Romney, Paul...
Romney 45% Obama 43%...

Paul 43% Obama 41%

Obama 45% Santorum 43%

Obama 49% Gingrich 39%...
UK Government 'has run out of money'...
Obama Plays Race Card, Calls on Churches to Support Campaign...
Launches 'African Americans for Obama'...
Forgets name of governor -- who is chairman of Dem Guv's Assn...
OBAMA TO CUT HEALTHCARE FOR TROOPS...
CLAIM: Godfather threw 25% of Chicago kids under bus...
Oil price rise raises specter of global recession...
U.S. water bills to triple...
Credit Card Debt Nears Toxic Levels...

NYT: Obama using Espionage Act to 'silence and prosecute federal workers'...

NYPD surveillance of students called 'disgusting'...
White House pumped millions into program...
Liberal groups demand investigation...

2-24-12 NOVEMBER SURPRISE! Debt doomsday may come sooner than expected...

12 killed in bloodiest day yet of Koran-burning protests...
Mobs charge US bases...

2 MORE AMERICAN TROOPS KILLED IN KABUL

Michelle O Raps the Rich -- at Swanky Fundraiser...

GEITHNER: Rich must pay more for 'privilege of being an American'… [ Wow! That’s a bad pitch! Bye, america! ] ...
World's most famous atheist: I can't be sure God doesn't exist…[Well, that at least makes sense; because, quite simply, there is a God! ] ...

Karen Santorum: Husband's surge 'is God's will'... [ Karen Santorum: Presidential run is 'God's will' (Washington Post) [ The place they call Heaven to Karen Santorum: News Flash – God has more important things and worlds to attend to … Further News Flash – Though not popular fare among rationalizers … Look around you, worldwide. Clearly, the world where the Christ was brutally crucified (it would happen again and again here) is certainly not God’s favorite, euphemistically speaking … Final News Flash – No, the Christ was not sent here by God to be brutally murdered / sacrificed like some animal in some pagan ritual for the sake of some primitive species evolved from initially notochords, primitive chordates, and relatively more recently primitive apes. Summary Conclusion: Decades at best, people don’t flatter yourselves; in earthly vernacular, God doesn’t give a flyingf*** about this, or any other election. Deceivers all (look at all the pervasive frauds, deceptions embraced by so many), do not deceive yourselves. http://albertpeia.com/anthroindex1.htm ]

2-23-12 Afghan soldier kills two American troops at protests...
Taliban: Kill foreigners over Koran burnings...
Riots...

OIL JUMPS TO $108+...
America's Per Capita Government Debt Worse Than Greece... http://albertpeia.com/debtpercapita.jpg

IRS delays in sending tax refunds continue...

2-22-12 Gas Prices Jump 10 Cents -- in Two Minutes!
$6 GAS
Record oil price sparks fears...
US EMBASSY IN KABUL ON LOCKDOWN AS KORAN BURNING PROTESTS EXPLODE...
FEDS: Fresh milk 150 times more dangerous...
'Propaganda'...

Gov't launches war on hair dryers...

Percentage of Americans who pay NO TAX hits 49.5...
GODFATHER II: Rahm to co-chair Obama re-elect...
2-21-12 OIL HITS $106...
White House seeks to deflect blame...
GALLUP: Unemployment Rises to 9% In February...
SATISFACTION WITH COUNTRY WORST SINCE CARTER...
Michelle hits the slopes in Aspen month after Hawaiian holiday...
16th vacation in 3 years…[ Something a bit negroish about this seeming predisposed proclivity for all the vacations of the obamas which I’m not the first to take note of; then, as well, there’s wobama’s spending greater than that of all the presidents since Eisenhower combined – well, you know, it’s an election year - that ‘nigger-rich’ phenomenon despite the nation being virtually insurmountably defacto bankrupt! ] ...
For Baby Boomers, it's now 'work til you drop'...
Gas prices highest ever for this time of year...
$4.93 in Los Angeles...
Already, talk of summer 'staycations'...
IRAN CUTS OIL TO UK, FRANCE...
Saudi Arabia CUTS Oil Output...
Oil prices hit 9-month high...
Iranian warships dock at Syrian port...
US, Britain urge Israel not to attack...
2-17-12 FEBRUARY: Gas prices rise to $4 in Los Angeles...
Record High For Month...
President Putin unleashes wave of anti-American sentiment...
Britain fears new Cold War over Iran...
Iran sends 'message of peace and friendship'...
Turkey will not allow NATO to share intelligence with Israel {Wise!}...
CAMPAIGN: OBAMA TOUTS PLANT HE TRIED TO CLOSE...
Michelle Obama takes a ski vacation...
Dem convention co-chair's company got $230m in federal loans for 'green' projects...
2-16-12 PAT BUCHANAN: I'VE BEEN BLACKLISTED! OUT AT MSNBC…[ This is rather incredible, and certainly pathetic! Always a voice of reason and whose fact-filled, fact based writings and positions were typified by fearless candor, this tragedy of monumental proportion hearkens back to another dark time in american history when such blacklisting / censorship was common place even as though over-reaching the threat though exagerrated was more real. Indeed, today, the purported threat is in reality exposure of the clearly incompetent, misguided and corrupt actions of government bureaucrats who consistently attempt to cover up their failings which have caused this indisputable decline of, from his perspective, a once great nation. ] ...
Dollar Getting No Respect...
CBO: Longest Period Of High Unemployment Since Great Depression...
USA will hit debt limit before election day...
China wants say in World Bank choice; Challenge US grip…[Indeed. After all, reality should count for something.]...
Obama loses financial backing of big San Fran donor…’ "I don't know where he stands on anything," – [ Join the club, Mrs. Buell. It’s a club that includes wobama himself, until the teleprompter speaks. ] ‘...

2-15-12 $3.9 Billion in Fed Cash Flowed to Energy Firms With Ties to White House...
Insiders had 'huge stake in decisions'...
Big donors reap subsidies...

China Reduces Holdings of U.S. Treasuries...
...lends more than $75bn to Latin America
Egypt state media accuses US of spreading anarchy...
Greek rhetoric turns hot...
'Forces' pushing Athens out of euro...

2-14-12 Heightened Security in U.S. Over Iran Threat; Police Guard Jewish, Israeli Targets...
WARSHIPS SAIL THROUGH HORMUZ...
US, Europe look at crippling financial lifeline...
Ahmadinejad to show off new nuke facilities...
'Neutralized' Stuxnet virus...
Decision On Iran Attack To Be Made 'By Summer'...
GAS PRICE UP 83% DURING OBAMA
EU divisions threaten aid for Greece...
REPORT: Chicago most corrupt city in USA...

2-13-12 ATHENS BURNS
Greece passes new austerity bill...
Rioting Intensifies...
Soros Slams Merkel; Warns of 'Great Depression'...
Samuel L. Jackson: 'I Voted for Obama because he's black'...
US SENATE BAILS OUT BARBER SHOP...
Budget to increase taxpayer losses on TARP...
US SENATE BAILS OUT BARBER SHOP...
TMZ: Houston died of drug, alcohol combo...
REPORT: Not enough water in lungs to have drowned...
2-10-12 Obama budget to miss deficit goal...
-$1,330,000,000,000.00...

BISHOPS: Obama Solution 'Unacceptable'...
Burned by Religion Once Again...

NRA: Obama will 'erase' 2nd Amendment next term...

34 ITALIAN BANKS DOWNGRADED...

Head of CPAC: Jeb Bush could emerge at brokered convention…[Head of Reality: wobama’s dream come true!]...

Argentina accuses UK of deploying nuke weapons near Falklands... Sub rub...

2-9-12 Rep. Bachus faces insider-trading investigation... Developing...

'Homeland Security' monitoring Internet for anti-govt sentiment, social unrest...
Archbishop: Obama Needs To Stop 'Intruding Into Internal Life Of Church'... 'Betrayed'...

LAPD SETS UP DOMESTIC 'WAR ROOM'

WIRE: Foreclosure Deal to Spur Home Seizures...
Greece deal fails to convince, EU demands more...
Fresh wave of strikes...
2-8-12 Obama approval rating 'below historical reelction standard'...

REPORT: Gov't Dependency Shoots Up 23%, Biggest Jump Since Carter...
REICH: Obama Has Handed Election Over To Super Rich...

International 'militarization' in Syria growing closer...
China defends veto … {Really not necessary in light of u.s., israel, eu irrationality } ...

POLAR ICE CAPS MELTING LESS THAN THOUGHT...
STUDY: Himalayas, nearby peaks lost no ice in past 10 years...
Scientists 'stunned'...
'I Feel Duped'...

2-7-12 Greece: 'There's no more left to cut'...

PAPER: NRC Publicly Told Americans No Danger After Fukushima...
Private Emails Tell Different Story...

Lawmakers Protest Removal of 'GOD' reference from Air Force Patch…[Yeah, I guess beyond propaganda that was just too much a stretch, given their Godless activities in recent times! ]...
2-6-12 Greece takes step closer to default...
Europe's banks face challenge on capital...
Record global sales of junk bonds...

CHURCH VOWS WAR ON OBAMA
'FIGHT IN STREETS'
Lieutenant Colonel Breaks Ranks:
Pentagon painting false picture of Afghan war...
'Military leaders have let us down'...

2-3-12 HAPPY DAYS ARE HERE AGAIN: Jobless Rate Falls to Lowest in Three Years...
Nasdaq Hits 11-Year High as Stocks Roar...
OBAMA WARNS CONGRESS: 'DON'T MUCK IT UP'..
Romney: Obama DOES NOT Deserve Credit...
Record 1.2M FALL OUT Of Labor Force...
SANTELLI: Here's What's Wrong With Data...

Artist Depicts Obama Trampling The Constitution...
2-2-12 Cameron Fleeing America To Escape Collapse!!!!!?
Ahmadinejad calls for new world order...
Holder: I Knew Nothing About 'Fast and Furious' Gun-Walking...
To Puerto Rican Rep: 'Wherever you're from'...
NYT loses $40million in 2011...

Woman Deported to Mexico; Feds Take Custody of Her Four Children...

2-1-12 MASTER DIRECTOR JAMES CAMERON: I'M LEAVING USA! [ This is a very big deal and a very ominous development regarding the usa, such as it is. Mr. Cameron is extremely intelligent, very civilized, and an historically great film maker / director. ]

US DEBT BALLOONS: $15,356,140,000,000...

El Centro, CA: 26.8% unemployment rate!

GALLUP: State polls predict huge Obama loss...
1-31-12 MITT 47% NEWT 32% RICK 13% RON 7%...
Full delegate count so far...
RUBIO: FL WINNER WILL BE NOMINEE...

Obama runs up another trillion-dollar deficit...
CBO says real unemployment at 10%...
Federal taxes to jump 30% in 2 years...
SHOWDOWN: Issa threatens Eric Holder with contempt...

CA to run out of cash by early March...

Soaring Beef Prices Force Shoppers To Find Other Options...
Teacher On Leave For Telling Class White Students Easier To Teach Than Blacks … [ Duh! Of course that’s true! Before you can solve a problem, you must identify and acknowledge the problem! ] ...
Video of black teens savagely beating white boy posted on FACEBOOK; gets 25 'likes' (probably by blacks) [ People must realize that you will never change the uncivilized, less evolved nigger. White people are self-destructively crazy to pretend and even try! ] ... [ http://www.albertpeia.com/whitesvictimizedbyblacks.htm , Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html ]
VIDEO [EDITED]...

1-30-12 BUCHANAN: Reagan White House saw Newt 'political opportunist... not trusted'...
HUNT: Gingrich May Be Trying to Win One From the Gipper...
PALIN: 'Annoy A Liberal. Vote Newt!'
George Will: 'We're At The Horrid Stage'...
Gingrich: Romney 'Breathtakingly Dishonest'...
'Pro-abortion, pro gun-control, pro tax-increase'...
PREDICTS 5 MORE MONTHS OF THIS...
Hints Santorum should get out...
Romney Mocks Gingrich: 'Look in the mirror'...
POLLS, POLLS, POLLS...

GALLUPUSATODAY POLL OF SWING STATES:
Obama 47% Romney 48%
Obama 50% Paul 43%
Obama 51% Santorum 44%
Obama 54% Gingrich 40%
FRED DECLARES: Romney has 'DRUDGE in back pocket'… [ I think Fred’s wrong … I don’t think Romney has Drudge in his back pocket … I think Drudge favors Romney for Anne Coulter whom he likes! ] ...

Rep. West Torches Obama, Reid, Pelosi: 'Get the Hell Out of USA'...

GAFFE: Obama: 'We've created 22 3 million jobs'...

Investors face 70% loss in Greek deal...
China Buying Record Quantities of Gold...
-80F in Alaska! All-time USA record low temp almost broken
but thermometer breaks!
1-27-12 TWITTER's new censorship plan rouses global furor...
USA falls to 47th in press freedom rankings...

PAPER: Pentagon Seeks Mightier Bomb vs. Iran...
1-26-12 REAL GDP COLLAPSE: 1.7% FOR YEAR
Bankrupt: Electric Car Firm Got $118.5 Million Stimulus, Biden Visit...
ROMNEY: THE MOON CAN WAIT...
[ Newt Gingrich promises to build a moon colony by 2020; make it a U.S. state Wow! Absolute proof that the slimy newt’s not dealing with a full deck. Say anything? This takes the cake! The ‘idea man’? Sure, all he needs is Aladdin’s lamp and infinite capital! Oh yeah, reality nothwithstanding, nasa boondoggles sell well in Cape Canaveral, Florida (and Houston, Texas). Note, he couldn’t just ‘go to the moon for the first time’ (that fake video with the flag waving in the moon’s windy atmosphere yet another example as on fraudulent wall street of that pervasively addictive hopium) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’ . How pathetic and desperate, that slimy newt! ]
NECK-FOR-NECK…[moon can wait, indeed; clearly a lucid moment for Romney, yet when asked about the 2-state solution, like a gumball machine he regurgitates the neocon/israeli line that the Palestinians want to eliminate israel when the truth is that the converse precedes and is truer; that is, that israel wants to eliminate palestinians and has with american fed military might acted accordingly…typical, total hogwash!]...
Ron Paul: Diplomatic relations with Cuba...
Gingrich jab at debate moderator deflected...
NYT: DRUDGE slammed for Anti-Gingrich Assault...
KURTZ: DRUDGE 'has never been part of any establishment' [ I’d say that’s a good thing and more reason to as I make Drudge a daily read! ]...

PUTIN: USA WANTS TO CONTROL EVERYTHING...

1-25-12 NEWT FLASHBACK: REAGAN WAS RESPONSIBLE FOR NATIONAL 'DECAY'...
'The Reagan administration has failed, is failing, and without a dramatic change in strategy will continue to fail... President Reagan is clearly failing'...

INSIDER: GINGRICH REPEATEDLY INSULTED REAGAN
NEWT SLAMMED SENATE REPUBLICAN LEADER DOLE: 'THE TAX COLLECTOR FOR THE WELFARE STATE'...
R. EMMETT TYRRELL: William Jefferson Gingrich...
COULTER: RE-ELECT OBAMA: VOTE NEWT!...
'Conservatives should not be surprised by scandals that lie ahead'...

What Reagan Thought of Newt -- Excerpt from The Reagan Diaries...

State of the Union Ratings Down 12%...
Obama's Lowest...

MERKEL CASTS DOUBT ON SAVING GREECE FROM MELTDOWN...
Portuguese bonds hit as traders fear default...
Soros Warns Of Dark Times...

Iran threatens to act first on EU embargo...
Tehran could block oil exports...
Iran-China trade soars...
OBAMA HAS HEATED ARGUMENT WITH AZ GOV.... DEVELOPING...
Flashback: President Gave Same Treatment to Jindal...

1-24-12 BRUINS GOALIE SNUBS OBAMA...
CURL: The Truly Dismal State of the Union...
PELOSI THREAT: NEWT WON'T BE PRESIDENT
'THERE IS SOMETHING I KNOW'

Rubio Defends Romney From Gingrich Attack...

GETTING OUT: 1,000+ Americans ditched their citizenship over taxes...

Buffett would profit from Keystone oil cancellation...
Billionaire's secretary to sit in first lady's box for State of Union address...
'Couldn't Sleep'...
Boehner invites pipeline workers...
Obamanomics: Price Of Gas +83%, Ground Beef +24%, Bacon +22%...
DETAILS: Daniels Blasts 'Extremism' in Response...

Romney gave 15% to charity; Obama 1%...
Biden gave $369...

Post Office 'Needs to Cut 260,000 Jobs'...

Rand Paul refuses patdown...
'I was BARKED AT: 'Do not leave the cubicle!'...
'Police state growing out of control'...
On way to Senate, March For Life...
Constitution: 'Privileged From Arrest'...
'HOMELAND' DETAINS U.S. SENATOR
WHITE HOUSE SIDES WITH TSA
OBAMASCARE: Supremes refuse to consider Kagan recusal...
MITT FIRE: SPEAKER NEWT 'RESIGNED IN DISGRACE'...
Calls Gingrich 'Highly Erratic'...
'It's an October surprise every day'...

PAWLENTY: OBAMA WOULD BEAT GINGRICH...

NEWT EATS THE PRESS...
Coulter: SC Voters Rather Have Snotty Remarks Toward Obama Than Win...
953 dead people voted in SC?
Gingrich plans speech on space...

Romney: Gingrich 'failed leader,' 'disgrace'...
Santorum sticks around and gives grief...
Dems still fixated on Romney...

FLASHBACK: Gingrich favored censoring web to fight terror...

Obama signals State of Union a campaign rallying call...
Ombudsman to WASH POST: Hit Obama Harder...

DEFIANT: Greece presses EU to ease Iran oil sanctions...

Flaming-horned bull fatally gores man in Spain...

COPS: Black Woman cut baby from womb, let mother die… (you may recall a similar case involving a black female perp – such savagery) ...

CYBER WAR: Feds SHUT DOWN file-sharing website; No trial, no due process...
'This is just the beginning'...
'Anonymous' Goes on Revenge Spree ...
DoJ, RIAA, MPAA, and UNIVERSAL MUSIC All Offline...
GOOGLE Already Using SOPA-Like Censorship...
Republicans stand together to oppose 'piracy' law...

Canada Pledges to Sell Oil to Asia After Obama Rejects Keystone Pipeline...
China gets jump on U.S. for Brazil's oil...

DEFIANT: Greece presses EU to ease Iran oil sanctions...

Final hours...
Romney Pushes Gingrich to Disclose Ethics-Probe Details...
NEWT'S PUBLIC CLASH WITH REPORTERS -- DIFFERS FROM PRIVATE...
Chuck Norris endorses Gingrich!
Livingston: 'Newt is Volatile'...
NETWORK SOURCE: Newt Cancels ABC's THIS WEEK For Sunday... Developing...
Romney sings Happy Birthday to SC gov....
Insiders coalescing...
5 MILLION WATCH CNN DEBATE [6.2 MILLION MTV 'JERSEY SHORE', 18 MILLION 'AMERICAN IDOL']...
Santorum: SC is NOT end of line...
PAPER: 'America hates Newt Gingrich'...
Citadel Cadets Differ on Republican Favorite...

POLL: Romney, Ron Paul Tie Obama...
German Deputy: S&P Downgrade Part of American 'War Against Euro' … [ Well, it’s about time someone acknowledged the reality of what’s been going on; which of course brings into focus the absolute stupidity attendant to europe’s ‘go along to get along’ policies vis-à-vis america which depite obfuscation is far more bankrupt than europe and far more desperate. It could have been totally different for europe. ] ...
HANDS OFF THE INTERNET!
LAWMAKERS RETREAT FROM 'ANTI-PIRACY' BILL...
Rubio Withdraws Support...
'Could Have Many Unintended Consequences'...
DNC chair supports...
Treasury dips into pension funds to avoid debt...
Obama kills Keystone pipeline; Blames Republicans...
Says more jobs in jobless benefits...
GOP calls Hillary to testify...

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

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

Russia warns strike on Iran would be 'catastrophe'...
FITCH: Greece to Default, 'Will Be Orderly'...
Portugal moves into default territory...

FDIC Requires Big Banks to Have Breakup Plan...

FOREIGN COMPANY BUYS U.S. ELECTION RESULTS REPORTING FIRM...
GLOBAL REPORTING RAISES ALARMS...

CHICAGOLAND: Pit Bulls Attack Jogger, Chew Off Foot…[ When have you ever heard of a cat doing that? Or killing infants/children? Cats are ‘humans best friend’! ]...

WILL RETURN LOST DRONE -- A MINIATURE PINK PLASTIC ONE...
Russian State TV bashes new U.S. ambassador...

CHICAGOLAND: Video Of Teen Beaten By 7 Thugs YOUTUBE...

Man Fatally Beaten Steps Away From Liberty Bell In Philly…

All Four Wheels Stolen From Cars At Dealership... new york…police officers are investigating a rash of tire and rim thefts that leave victims with their cars on piles of bricks.  Last week, five cars parked in front of private homes were hit…comment: Happens all the time in Maryland. [ Much worse happens all the time in pervasively corrupt/defacto bankrupt, meaningfully lawless america, home of the brave … criminals and mentally ill! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime  Washington’s Blog ]

BUST: Another Gov't-funded solar company lays off most of staff...
La dégradation: S&P Cuts Credit Ratings for NINE EU Nations...
Friday 13th Shakes Europe...
France stripped...
POLITIZAP: Sarkozy braced for impact...
Italy tumbles...
Austria Loses...
Germany Spared...
BRINK: Banks Say No Deal on Greek...

LET'S GROOVE … [ ALEXANDRIA, Va. (AP) — They called it “random dancing” but First Lady Michelle Obama broke out some moves that resembled subdued variations of “the Monkey” or “the Jerk” Friday during an appearance at a northern Virginia high school… (she’s comfortable with the monkey / jerk) ] ... [ see http://www.albertpeia.com/chimpodoinmonkeyjerk.htm ]
'Dance Party For Obama'...
MAG: Mossad agents posed as CIA in operation… [ "It's amazing what the Israelis thought they could get away with," a US intelligence officer told Foreign Policy. "Their recruitment activities were nearly in the open. They apparently didn't give a damn what we thought," said the official. ]...
Iranians chant 'Death to America' at funeral for nuclear scientist...
Defiant Ahmadinejad wins backing of Latin American allies...
'HOMELAND SECURITY' MONITORING DRUDGE
'WILL RETAIN INFORMATION' (How totally pathetic, incompetent, and paranoid they are!)
BELAFONTE: OBAMA LACKS 'MORAL COMPASS'...
HOLDER ENDORSES OBAMA POWER GRAB...
Labor board holds 'meet and greet' for appointees that by-passed Senate...
UPDATE: Retail sales fail to hit forecasts...
'Worst Economic Recovery Since Great Depression'...
GONNA NEED ANOTHER TRILLION...
Debt Nears $15,194,000,000,000.00 Ceiling..
[http://www.rasmussenreports.com/public_content/politics/elections/election_2012/election_2012_presidential_election/2012_presidential_matchups , Election 2012: Generic Republican 47%, Obama 43% , Election 2012: Obama 44%, Romney 41% , Wednesday, January 11, 2012 -The Rasmussen Reports daily Presidential Tracking Poll for Wednesday shows that 22% of the nation's voters Strongly Approve of the way that Barack Obama is performing his role as president. Thirty-nine percent (39%) Strongly Disapprove, giving Obama a Presidential Approval Index rating of -17 ]
Abandoned Baby Found in 'Occupy DC' Tent...
Greek children 'dumped in streets' as parents struggle...
TENSIONS RISE: AHMADINEJAD TOURS CUBA...
Pentagon moves carriers, denies Iran link...
Nuke Scientist Assassinated...
Third Killed...
USA presses China over Iran oil imports...
Jolie 'disappointment' in Obama...
38,000 Farmers, Ranchers Sue Corzine Over Missing Million$...
NH RESULTS: MITT 39% RON 23% JON 17% NEWT 10% RICK 9%...
Ron Paul To Everyone But Romney: Drop Out...
UPDATE: Pat Buchanan suspended indefinitely by MSNBC…[This is a tragedy typical of the left; to silence the staight-shootin’, perspicacious Buchanan, censor the internet/speech, arrest/detain americans without charge/constitutional protections, etc... Beck said that President Obama had “a deep seated hatred for white people.”The group similarly succeeded in a campaign to have conservative website mogul Andrew Breitbart banned from the front page of The Huffington Post, after Breitbart called the organization’s co-founder Van Jones a “cop killer-supporting, racist, demagogic freak. And a commie. And an eco-fraudster.”…’]
White House threw secret 'ALICE IN WONDERLAND' bash...
'Punch served in blood vials'...
WH 'covered up'...
Officials 'nervous about how splashy party would look to jobless Americans'...
WH: 'You can't believe everything you read in books these days'...
BYE BYE...
FLASHBACK: Daley planned to leave AFTER election...
Michelle (the repulsive, chimpish black) distressed about power of 'white Irish Catholic'...
New Obama Chief of Staff: Former Hedge Fund Exec at CITI, Made Money off Mortgage Defaults...
Castro: 'Robot' better than Obama, Republicans...
KODAK Preparing for Chapter 11 bankruptcy...
CEO on Obama's Jobs Council...
BOEING To Lay Off More Than 2,100 Workers At Wichita Plant...
L.A. arson wave grows to 40 fires; most since 1992 riots...
UPDATE: 16 new arson fires around LA...
Italian president urges sacrifices to save economy...
Sarkozy: France's future hangs in balance in 2012...
Greeks must avert economic collapse, euro exit...
PAPER: Loss of faith in politicians, democracy could make '12 most frightening year in living memory...
REPORT: OBAMA SPEEDS UP IMMIGRATION VISAS EVEN IF FRAUD IS SUSPECTED...
New laws take effect -- 40,000 of them! [ Arbitrarily enforced if at all – a nation of ‘lawslessness’ – what a bunch of frauds! See here - http://albertpeia.com/fbimartinezcongallard.htm , http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  , http://albertpeia.com/40piecesevidenceusdecline.htm , http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm !
Motorcycles, Bicycles Allowed to Run Red Lights...
Michelle Obama Jokes: 'I Kind Of Like' Being Called Your Excellency [… yeah, kind of like in a ‘SubSaharan africa / Planet of the Apes’ kind of way… I find her wobamish jive-talking and chimpish look repulsive … what a fallen nation! ] ...
Cat survives 2 euthanasia attempts at shelter...
Christian University Sues Federal Government Over Obamacare...
AS IOWA TURNS: NEWT WEEPS [ Slimy newt’s muskie moment! ]
Floats Palin for VP...
Kills Chapter on 'Climate Change' in Upcoming Book...
On $4M Vacation, Michelle Seeks $3 From Backers...
Christie: 'After Three Years Of Obama, We Are Hopeless And Changeless'...
Just 55% Between 16 and 29 Have Jobs...
Dow Logs Gain in Volatile Year; S&P Ends Flat...
Flurry of Trades in Final Seconds Snatched Away 2011 Advance...
Gold Ends Year Up 10%...
Euro ends year as world's worst performing currency...
NERVES: 'Flash Crash' Threatens to Return With a Vengeance...
Women (blacks) trade punches over Air Jordans...
Pandemonium as shoppers race for shoes...
Cops pepper spray mob (of blacks) ...
Brawl...
Gunfire...
They Can't Wait, They (blacks) Break Into The Mall...
SEASON'S BEATINGS!
GALLUP: OBAMA HEADS TO HOLIDAY WITH 44% APPROVE...
OBAMA: 'There is a laziness in me' …(Indeed there is, no need to remind us) ...
2011 likely worst year for house sales on record, dating back to 1963...
Brazil's Economy Overtakes Britain As Sixth Largest...
French unemployment at 12-year high...
REPORT: Internet censor bill would target political websites...
Oil price climbs amid Iranian threat...
Vows to stop Gulf oil if sanctions widened...
I NEED ANOTHER $1.2 TRILLION…[so says ‘wobama the b for b***s***’ of defacto bankrupt america]...
Cuomo wants casino in New York City…[ Sure … save the mob that sometimes inconvenient (and costly ‘cut’) ‘trip’ to atlantic city, n.j. with the laundered (drug, etc.) loot / money … what would you expect from a typical n.y./n.j. guinea ] ...
Pelosi Slips Quietly into Hawaii Resort; $10,000 a night suite...
REPORT: Pelosi wants to retire -- says daughter [ must be miffed about that ‘no pay raise’ this year ] ...
Paul gets front-runner's welcome...
MICHELLE SPORTS $2K SUN DRESS...
MCDONALD'S Offers Free Coffee During Tough Economic Times...
STOCKS TURN NEG FOR YEAR...
Russia scolds United States for human rights abuse...
MELEE AT MALL OF AMERICA...
Man beaten by robbers -- who stole new Air Jordan sneakers off his feet!...
Hundreds of Teens Run Wild After Rumors That Rappers 'Lil Wayne, Drake Are There...
VIDEO: Mayhem, Screams...
California soldier shot at his homecoming party [ From one war zone to another! ]
Islamists kill dozens in Nigeria Christmas bombs [ Blacks’ black Christmas! Typical! ]
For ‘self-defeating / self-destructive’ ‘political correctness’ or otherwise, I believe the under-profiled black serial killer is also the consequence of their proclivity for and love of killing, random, wanton savagery for no reason other than for the sake of killing (as, ie., rabid dogs, which distinguishes them from and positions them below other feral beasts) and otherwise, and an historic predisposition toward canabalism. After all, the contra-indicated mainstream ‘politically correct’ view (tv and otherwise) calls for a white perp in terms of ‘profile’ which is of course, ridiculous. I believe the under-reporting is owing to multiple killings by blacks being classified as something other than ‘serial’; ie., gang, gang related, ‘typical’, etc.. Moreover, the anti-white bias of the black perps is also a reality that’s under-reported. Take a look at the following brutally uncivilized black on white violent rapes/murders:

http://www.albertpeia.com/whitesvictimizedbyblacks.htm

Black Serial/Mass/Spree Killer List:
1. Matthew Emanuel Macon (Murdered and Raped 5 White Women in Lansing)
2. Jimmie Reed (Murdered his wife and his 2 month old daughter and set them on fire)
3. Shelly Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)
4. Justin Blackshere (Stabbed two white cooks at Cheli’s Chili downtown Detroit)
5. Jervon Miguel Coleman (Murdered three people.)
6. Donell Ramon Johnson (Murdered a mother and a daughter)
7. Brian Ranard Davis (6 women known murdered by nigger)
8. Paul Durousseau (Seven women)
9. Mark Goudeau “The Baseline Killer” (Eight women and a man in 2005-2006)
10. Coral Eugene Watts (11 women in Texas & 1 in Michigan)
11. Anthony McKnight (Five girls and young women)
12. Derrick Todd Lee (8 Women)
13. Charles Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15 years!)
14. The Zebra Killings (71 White people)
15. Chester Turner (L.A.s most prolific killer 12 women killed.)
16. Lorenzo J. Gilyard (Kansas City, MO.—13 victims)
17. Eugene Victor Britt (Gary, IN.–3 known murder/rapes.)
18. Reginald and Jonathan Carr (The Wichita Massacre–6 Whites murdered)
19. Ray Joseph Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people in 7 days, including an entire White family.)
20. The Tinley Park Murderer (Suspect hasn’t been found but has been described as black – murdered 5 women in a store.)
21. Henry Louis Wallace (Raped and strangled 5 women to death.)
22. Charles Johnston (Murdered 3 unarmed white men in hospital)
23. Craig Price (Brutally murdered 3 women)
24. Harrison Graham (Brually Murdered 3 women)
25. Charles Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council. )
26. & 27. Darnell Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)
28 &29. John Allen Muhammad & Lee Boyd Malvo (Sniped 11 people from a car in DC, 9 died.)
30. George Russell (3 women, WA state)
31. Timothy W. Spencer (5 killed, Arlington, VA and Richmond, VA)
32. Elton M. Jackson (12 gay men killed, Norfolk, VA area)
33. Carlton Gary (3 killed in Columbus, GA)
34. Mohammed Adam Omar (16 women, Yemen. Omar is Sudanese.)
35. Kendall Francois (8 women, Poughkeepsie, NY and surrounding areas.)
36. Terry A. Blair (8 women, Kansas City area)
37. Wayne Williams (33 many of them children!, Atlanta, GA)
38. Vaughn Greenwood (11 killed in LA)
39. Andre Crawford (10 killed in Chicago – southside)
40. Calvin Jackson (9 killed possibley more in NY)
41. Gregory Klepper (killed 8, Chicago – southside)
42. Alton Coleman (Killed 8 in the Midwest)
43. Harrison Graham (killed 7+ in N. Philadelphia)
44. Cleophus Prince (6 killed in, San Diego
45. Robert Rozier (7 killed in, Miami)
46. Maurice Byrd (killed 20 + in St. Louis)
47. Maury Travis (17 and rising, St. Louis and possibly also Atlanta)
48. Hulon Mitchell, a.k.a. Yahweh Ben Yahweh (killed 20+ in Florida)
49. Lorenzo Fayne (killed 5 children in East St. Louis, IL)
50. Paul Durousseau, (killed 6, two of which were pregnant women, Jacksonville, FL; Georgia.)
51. Eddie Lee Mosley (killed 25 to 30 women, south Florida)
52. Henry Lee Jones (killed 4 in, south Florida; Bartlett, TN)
53. Richard “Babyface” Jameswhite (15 killed in, New York; Georgia.)
54. Donald E. Younge, Jr. (killed 4), East St. Louis, IL; Salt Lake City, UT.
55. Ivan Hill (killed 6 in Los Angeles area).
56. Michael Vernon (Bronx, NY. Killed at least seven people – )
57. Chester Dewayne Turner (12 women killed in, Los Angeles)
ARREST MADE IN LOS ANGELES GRIM SLEEPER SERIAL KILLER CASE July 07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME |By Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested a suspect in the Grim Sleeper serial killer case and will charge him with 10 counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of attempted murder, Capt. Kevin McClure with the Los Angeles Police Department said.Franklin will arraigned in court Thursday morning, McClure said.The California Attorney General's office attributed the arrest to DNA collected from a relative of the suspect, in a controversial and rarely used practice known as familial DNA search.’
Of Course There Are Black Serial Killers by Lynette Holloway on  July 15, 2010 The case of the "Grim Sleeper" inspires a second look at the popular perception that serial killing is the province of clever white men.
Serial Murderers' Row July 16, 2010 The following black men are among the most prolific serial killers in U.S. history. http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus: Behind the myth that only white men commit such crimes.
Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved In Fights At Mall Of America After Rumors That Rappers Are There...

Oil price near $100 on global security concerns...

Investors Lose Faith in Stocks As Billions Pour Out of Funds...

DANGER: Fed asks banks to keep more cash at hand...

IMF: World economy at a 'very dangerous juncture'...
90 Congressmen have 'no confidence' in Eric Holder, say he should resign...
HAPPY HOLIDAYS: USA DEBT NOW $15,123,841,000,000!
Russia and US clash over NATO bombing probe... UNITED NATIONS (AP) -- Russia urged the U.N. Security Council on Thursday to investigate civilian deaths in Libya from NATO's bombing campaign…

Matt Damon rips Obama again (abc’s ‘coco duo, rob mo and sunny ho disapproved’ of Matt’s rather tame but forthright criticism of failed president ‘wobama the b for b***s***’ for whom there is no legitimate defense!)...
Chavez: Obama a 'clown' president...

CONGRESSMAN: Michelle (Yuk! I find her simian look alone repulsive! Then there’s the jive-talk!) Obama 'has large posterior herself'...

'Lectures us on eating right'...

Local Cops Ready for War With DHS-Funded Military Weapons...
Armored cars with turrets, drones, military-grade assault rifles...
REPORT: Chevy Volt Costing Taxpayers Up to $250K Per Vehicle...
CAVUTO: Volt sales inflated with taxpayer fleet buys...

FED-EX guy chucks package over fence -- a computer monitor! [ I had a similar experience with fed-ex and the computer delivered didn’t work at all ]

UK's AAA credit rating threatened by 'formidable challenges'...
'Miracle' if France keeps it...

IOWA GOV: IGNORE PAUL WIN...
VOTE WILL BE HACKED!
Chavez: Obama a 'clown' president...[ …“Mr. Obama decided to attack us,” Chávez said. “Now you want to win votes by attacking Venezuela. Don’t be irresponsible. You are a clown, a clown. Leave us in peace … Go after your votes by fulfilling that which you promised your people. Focus on governing your country, which you’ve turned into a disaster,” Chávez said, according to The Guardian…’ Read more: http://www.politico.com/news/stories/1211/70694.html#ixzz1hA7JMS1q ]
PELOSI: Extending Unemployment Benefits Will Create 600,000 Jobs...
Cybersecurity bill would establish 'federal big brother'...
Internet architects oppose US online piracy bills..

France's AAA Outlook Cut as FITCH Reviews Ratings of Italy, Spain, Belgium...
Most stock funds post losses this year...

Gingrich: Send US marshals to arrest judges who defy Congressional subpoenas...
DANGER: BANK OF AMERICA shares close below $5...
Ron Paul Warns Martial Law Being Established in USA...
Missing $4,155? It Went Into Your Gas Tank This Year…[ and into wall street pockets courtesy of the fed’s over-printed Weimar dollars for QE’s, etc.]...
PAPER: GOP will take off gloves if Paul wins IA...
FEAR: IOWA VOTE WILL BE HACKED!
Frantic Bachmann 'everywhere' -- 13 stops in 1 day!

Widespread Obesity Forces Coast Guard to Lower Max Number of People on Ferries…[ Wow! ]...
US Capitol Christmas Tree Honors Obama, Not Jesus Or Christmas...

Fears over French credit downgrade...

China villagers threaten to march on government offices...
Communist party tested...
FLASHBACK: Hillary says 'Free internet from political control'...
Jews still try to segregate Israel buses... By AMY TEIBEL Associated Press [Yeah … they’re anti-women, anti-gentile, and … no surprise to me , they’re anti-semitic … you heard it … anti-semites … Arabs are semites! Could you imagine if such a thing happened to a jew or a black in america? You’d never here the end of it! ] JERUSALEM (AP) -- Israel's political leaders and chief rabbis on Sunday condemned persistent efforts by ultra-Orthodox Jewish men to shunt Israeli women to the back of public buses, a year after the country's Supreme Court outlawed the practice.The outcry came in reaction to an Israeli woman's experience of being asked to move to the back of a bus, which was Facebook and became a cause celebre in the Israeli media on Sunday. The case even drew public comment from Prime Minister Benjamin Netanyahu, who deplored gender segregation.Ultra-Orthodox Jews, who make up about 10 percent of Israel's population of 7.6 million, have become increasingly aggressive in their efforts to impose their norms in public spaces. The ultra-Orthodox have segregated bus lines and some walkways in their neighborhoods.In Jerusalem, billboards depicting women have become a rarity because ultra-Orthodox vandals rip them down. The issue also has seeped into the military, where religious soldiers walked out of a military event several months ago because women were singing - which extremely devout Jews believe is contrary to Jewish law.In the past, ultra-Orthodox Jews have confined their strict practices to their own neighborhoods, alongside occasional attempts to pass restrictive legislation banning sale of pork or opening shops on the Jewish Sabbath.Recently the extremist Jews have been trying to impose their norms outside their own enclaves, but the effects are scattered. Most of Israel's secular majority is not directly affected.The Supreme Court was forced to wade into the controversy last year, when it ruled on the segregated buses and sidewalks. Although activists say harassment on buses has diminished since the court ruling late last year, some fiercely devout are persisting with their efforts to block the mixing of the sexes in public.Tanya Rosenblit, a 28-year-old woman from the southern town of Ashdod, discovered this last Friday, when she boarded a bus to an Orthodox neighborhood in Jerusalem. Shortly after she sat down behind the driver, a man wearing the black garb and flowing sidelocks of the ultra-Orthodox boarded the bus and asked her to move. She refused, and the man then blocked the bus from driving, she told The Associated Press. She held her ground - even after a male police officer dispatched to the scene asked her if she was "willing to respect them and move to the back," she said….’

McQueary: I saw Sandusky molesting boy...
I TOLD PATERNO...
15 EU Nations Placed on Negative Credit Watch...
Huntsman: Trump debate 'is a joke’ [ Yeah! He’s got that exactly right … after all, what can you expect from the joker, trump … a joke of course, or worse! ]'
PERRY WON'T KISS THE RING
BACHMANN WILL NOT ATTEND
Obama celebrates Hanukkah at White House...
TWO WEEKS EARLY?
LIGHTS ALL THE CANDLES...
'We Never Need an Excuse For a Good Party'[ Riiiiight! There’s plenty to party about in america today, and room for extra vacation time too! ]...
COMING SOON: AMERICANS IN GITMO...
Bill allows indefinite detention without trial...
Obama 'demanded law apply to U.S. citizens'...
Even Al Jazeera asks: 'How did we get here?'

US clears Iraqi airspace for Israeli strike on Iran...
IRAQI OFFICIALS SKIP U.S. END-OF-WAR CEREMONY...

China trims holdings of US Treasury debt...

FORECAST: GLOOMY...
FITCH downgrades 8 global banks...
Crisis 'poses military risk'...
IMF chief warns over 1930s-style threats...
French leaders launch outspoken public attacks on Britain...
PAPER: Obama's Watergate...

SHE CAN'T WAIT: MICHELLE TAKES OFF TO HAWAII...
ENTOURAGE OF MILITARY FLEET, LIMOS...
FLASHBACK: Obama exec order seeks to cut unnecessary travel...

RADIOHOST SAVAGE OFFERS NEWT $1M TO GET OUT...
Glenn Beck: I'd consider Ron Paul as third party over Newt...
Gary Busey Endorses Gingrich...

Congress considers bill to censor Internet...
'Free speech kill switch'...
Would 'criminalize' Internet...
'Communist China is model'...
MISSION ACCOMPLISHED: Panetta says 'we're winning' in Afghanistan…[ Riiiiight! Sure … if national insolvency is the goal and standard for victory. How pathetic … oh yeah, if the americanized increased heroin trade is also a goal and standard; but, only great for the select few war profiteers and not at all anywhere near helping defacto bankrupt america and actually costs more to america / world societies owing to the deleterious effects, consequences, costs of the scourge of this hardcore, addictive narcotic! ]...

Hundreds in Fallujah burn U.S. flag to celebrate troops pulling out of Iraq …[riiiiight! See, they’ve ‘won’ … though defacto bankrupt … including those ‘hearts and minds’; as america’s doing throughout the rest of the Mideast / World … NOT! ]...

Senate Dems kill bill that would have required balanced budget...
THREATEN CHRISTMAS GOV'T SHUTDOWN...
House defies Obama on payroll tax bill...

Paul rips Romney, Gingrich as 'from the same mold'...
AXELROD ON OBAMA, NEWT: 'The higher a monkey climbs on pole, more you can see his butt'...

Dem lawmaker blasts Obama as arrogant, alienating...
MF Corzine back before Congress...
Denies 'misuse' of funds...
Employee: He Knew...
Companies blame unemployment on skills gap...
Lack of qualified workers, not demand, cited...

EURO PLUNGES...
Euro Tumult Shows Netherlands Converging With Germany at Expense of France...

ABC Debate Draws 7.6 Million; Most-Watched of Year...

Obama: 'It Doesn't Really Matter' Who Republicans Nominate … [among the very few things he’s got right though not for the reason he posits!]...

PAPER: Fears persist American jobs crisis cannot be fixed [They call it not fear, but reality!]...
Real unemployment rate at 11%...

Industrialized nations' borrowings to pass $10 trillion for year...
PANIC: BANK RUN IN LATVIA...
Butter shortage in Norway pushes price per pound to nearly $500...
BELIEVE!
TEBOW DAZZLES NATION...
Dowd: We need faith like Tebow's in White House...
UP EURS...
UK eurosceptic press jubilant at veto...

Sarkozy 'snubs' Cameron handshake...
Worries grow over IMF loans...

Average Family Lost $21K in 6 Months Due To Property Values, Stock Market...
Hill staffers tweet of partying, 'idiot boss'...
GOV'T MOTORS LAYS OFF WORKERS...
Lawmakers press Volt's safety...
Corzine 'stunned' cash can't be found...
Lying 'has to do with your state of mind' [ the’ holder view’ that loses hold of reality in those ethereal nether reaches of the mind that precludes rationality’- nothing to see here says he, it’s all in his mind … riiiiight! ] ...
Hundreds of NASA moon rocks missing! [ Yeah … the clearly petrified wood ones … fewer pieces of clear evidence that THEY NEVER SET FOOT ON THE MOON! http://www.freerepublic.com/focus/f-chat/2325971/posts (you know … from all those trees on the moon … from waving too hard in the breeze on the windy -NOT,no atmosphere- moon like the american flag in the fake footage … what frauds!) ] Astronauts' tracks, trash seen in new moon photos [ The easiest thing in the world to contrive (don’t forget they can with some precision today send robotics to ie., mars, etc.) and doctor so don’t be taken in by their fraudulent b***s***! They’re probably desperately looking for some money / budgetary consideration for their continued boondoggles. No man has ever set foot on the moon to date. As NASA transitions, U.S. space politics in a state of flux (Washington Post) [ U.S. space politics? I didn’t know there was such a thing. But I, and I’m sure all know that ‘u.s. politics are spaced’. Flux? One could only hope. I’d say, ‘fleeced’; as in we’ve all been fleeced. Sterner: 5 myths about NASA (Washington Post) [ If you can’t get past the first myth; viz., that they actually set foot on the moon, the other 5 so-called myths become irrelevant. Indeed, post-Eisenhower, and certainly post-Kennedy-assassination / coup d’etat, NASA was all military / military industrial complex (moreover, someone knowledgeable about such matters said essentially that in explaining to my surprise the transition to the shuttle program it was said there was greater military application in same). In any event, Russia’s been doing quite a bit of ‘heavy lifting’ vis-à-vis the space station, but not inordinately so. All I can say with certainty is that the universe beyond this solar system is forever protected / insulated. The fact is, they never set foot on the moon; and, in light of the pervasive corruption in and defacto bankruptcy of the nation, their perpetual wars toward making a hell on earth militate against anything but trying to do even just a little bit better (for a start), terrestrially. NASA wants mission to bring Martian rocks to Earth (AP) Why? They already have that and more: Launch of secret US space ship masks even more secret launch of new weapon The Militarization of Outer Space: The Pentagon’s “Space Warriors” Global Research | It’s not as if things aren’t bad enough right here on planet earth. Now the Defense Department wants to up the stakes with new, destabilizing weapons systems that will transform low- and high-earth orbit into another “battlespace.”      buzz aldrin wants to colonize Mars … Riiiiight buzzed! Better check with DePalma to see if he already has the footage in the can since you won’t be able to use the moon footage for the new boondoggle video ... OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION). NASA's New Asteroid Mission Could Save the Planet Space.com - Tariq Malik - CAPE CANAVERAL, Fla. - President Barack Obama set a lofty next goal this week for Americans in space: Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld New Boondoggle promised to save NASA boondoggle defacto bankrupt budget piece of pie. And don’t forget, Bruce Willis and Ben Affleck, et als, have already done this so it’s not as if they’re starting from ‘ground zero’, so to speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but beware say the producers of ‘Species II’ since Eve, the cloned daughter of Sill, might want to mate with astronaut Paddy Ross who has returned from Mars as a space alien host body. First fake moonwalker blasts Obama's space plan msnbc.com - Bill Ingalls - The first man to pretend to walk on the moon blasted President Barack Obama's decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not going with the new movie is “devastating” to america's boondoggle spaced out effort. Fake dutch 'moon rock' revealed a treasured piece at the dutch national museum - a supposed moon rock from the first manned lunar landing - is nothing more than petrified wood, ...bbc news bbc news | europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of moon rock given to an overseas politician by the united states is actually a lump of petrified wood, museum authorities revealed yesterday. http://www.freerepublic.com/focus/f-chat/2325971/posts ... 'Moon rock' in dutch museum is just petrified wood aug 27, 2009 ... http://www.collectspace.com/ubb/Forum14/HTML/000770.html Fake moon rock at dutch national museum. Rijksmuseum / ap. This rock, supposedly brought back from the moon by american astronauts, http://www.usatoday.com/travel/destinations/2009-08-27-rijksmuseum-moon-rock_N.htm , ...    http://www.albertpeia.com/moonfraud.htm   In reality it is just a piece of petrified wood ... Another piece of evidence that shows again that apollo program is indeed a fake and a typical american fraud! http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv ]
China's Hu urges navy to prepare for combat...
REPORT: NKorea making missile able to hit USA...
EURO 'EXPLOSION'...
German Politician: Downgrade Is American Plot...
MF: Corzine expected to plead the Fifth...
Third congressional panel to subpoena...

Dozens arrested in DC...
PAPER: Fed may give money to IMF to help euro zone...
IN ATHENS, BIDEN JOKES ABOUT BAILING OUT GREECE...
EURO DRAGS GERMANY DOWN
PELOSI: DIRT ON NEWT TO COME...
NEWT: 'Thank Pelosi for early Christmas gift'...
IRAN BRACES FOR WAR...
Mysterious blasts, slayings suggest covert efforts in Iran...
REPORT: Iran Has Missing American Drone...

TRUMP: 'Take the oil![Not surprising from a typical american mobster / thief!]'
REPORT: Bill Clinton collected $50k a month from Corzine's MF GLOBAL...

REPORT: Pedophilia rampant in Hollywood...
'SOLD OUT!'
OBAMA: 'I'm going to need another term to finish the job ( of ‘no-change-change’ - in his dreams )'...
OCCUPIERS TURN ON OBAMA
OBAMA LAWYERS: Americans legitimate targets in war on terror...
Only executive branch, not courts, decides...

OBAMA COMPARED TO HITLER, STALIN IN NEW GUN COMPANY AD...
THE (SLIMY) NEWT TO MEET THE (MOBSTER) DONALD...
(VO)MITT COURTS (WAR CRIMINAL/INCOMPETENT) GEORGE H.W. BUSH...
Ron Paul Hits Gingrich for Hypocrisy…[Indeed! In fact, Ron Paul, if not the nominee should run as 3^rd Party / Independent Presidential Candidate! It’s time for pervasively corrupt, defacto bankrupt america to get off the same well-worn path of ineluctable decline and failure! ]...
DoJ makes 'rare exception' to explain deception...
Withdraws inaccurate letter it sent to Congress...
Docs raise more questions about Fast & Furious...
Issa says Holder ouster is up to White House...
FRIDAY NIGHT DOCUMENT DUMP
OBAMA OFF TO HAWAII FOR 17-DAY VACAY...
HO HO HO: UNEMPLOY RATE 8.6%...
315,000 Americans leave work force...
YESTERDAY: Jobless claims top 400K...

House Ethics Committee extends probe into Rep. Jesse Jackson Jr....

Romney visits former President George H.W. Bush [ How totally pathetic! How desperately pathetic romney the flip-flop is! ]

TWIN 'PLAYBOY' PLAYMATES: OBAMA ABANDONED THE HORSES... Horses could soon be slaughtered for meat in US Horses could soon be butchered in the U.S. for human consumption after Congress quietly lifted a 5-year-old ban on funding horse meat inspections, and activists say slaughterhouses could be up and running...{ Another ‘bullish’ sign for pervasively corrupt, defacto bankrupt America. ‘Soylent green’ just around the corner? [Things are looking very, very ominous: A good business for a bad economy Firms that keep foreclosed homes clean and secure are flourishing in these tough financial times. (Washington Post) [ See … there you go … great times for the american optimist … who sees an opportunity in every calamity, the rainbow beyond every cloud, the glass half-full, etc.. Whew, close call … and we thought times were tough … and just when we thought everything’s now comin’ up roses, we find out that that ‘glue factory’ we thought was for horses is really a ‘soylent green’ (of the compelling film of the same name) factory. Ah, just kidding; but, the times are getting eerily sordid and desperate and there’ll be no real relief from the onslaught of reality prospectively. It’s really that bad in futuro. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock

FED GOOSES MARKETS...
TEAMS UP WITH CENTRAL BANKS...
MERELY 'BUYS TIME' FOR EUROZONE...

RON PAUL SLASHES NEWT...

PENN STATE SUIT ALLEGES MORE THAN 100 INSTANCES OF ABUSE...
Latest accuser says Sandusky threatened to hurt boy's family if he reported...
University purchases .xxx Internet domains to block usage by the porn industry...
As Home Prices Sink, Home Ownership Heads to New Lows...

AMR/american airlines BANKRUPT...
Stock drops 85% to 20 cents a share...

BUSINESSES PLAN FOR END OF EURO...
Eurozone Looks to IMF For Rescue...
Finance Ministers Turn to Radical Ideas...
Approve $11 Billion Loan For Greece...

Store Santas taught to size up parents' wealth, manage children's gift expectations…[Yeah, there’s nothing quite like the psychoanalytical / economic / financial abilities of store santas – america’s so pathetic! ] ...

Germany told it must act to save Europe…[ Who’s goin’ to save Germany? ]...
Impassioned plea for continent to avoid 'apocalypse'...
Warned of 'highly devastating outcomes'...
Just days until collapse?
Deadly NATO airstrikes 'lasted over an hour'...
US image in Pakistan 'worst ever'...
NYT: Obama campaign set to abandon white working class…[Yeah … in favor of, ie., those drugged up ‘workers’ in detroit who were recently exposed in a mainstream investigative report and typifiy the why, along with costs, that jobs have left u.s., etc.]...
Troubled Maxine Waters set to take over on powerful committee...

PAKISTAN: 24 troops killed in NATO helicopter attack...
RETALIATE: Pak shuts routes into Afghanistan...
Orders drone base closed...
PAKISTAN CUTS US SUPPLY LINES

Burn effigy of Obama...
ULTIMATUM: GET OUT...
NATO braces for reprisals...
AFGHANS: They fired at us...
PAKISTAN ENRAGED
Britain draws up emergency plans for collapse of Euro...
IMF drafting $800 billion bailout plan for Italy, Spain...
REPORT: FRANCE, GERMANY PREPARE TO TAKE DRASTIC MEASURES...
NYT: Time runs short...

Banks brace for breakup of euro...
Cornel West: Ultimate Fight For Entitlements Will Be In 'The Streets'...
RIOTS WARNED...
BLACK AND BLUE FRIDAY… [Come on! These so-called ‘record sales’ a function of greater numbers of store ‘early opening’ desperation, discounting, credit card spending despite falling income, etc., hype and then there’s the hangover as in previous / ongoing crisis to come. ] ...
Woman pepper sprays other Black Friday shoppers 'to gain an upper hand'...
'Girls Punching Each Other' Over Yoga Pants Sale at Victoria's Secret...
VIDEO: Mayhem over $2 waffle maker...
NC police use pepper spray to break up melee...

Obama hits the links again... [Itchin’ for permanent vacation!]
Shoots hoops, takes in a game...

Medvedev Warns: Russia may target US missile sites...

INVESTORS SHUN GERMAN BOND SALE...
Euro on 'Death Watch'...
Black Friday Spending Flat...
Obama hits the links again...
NO THANKS! WORST SINCE 1932

IRAN CLAIMS ARREST OF 12 CIA AGENTS

U.S. ranks 25th in life expectancy -- lower than Chile and Greece...
WALL STREET SERVES MORE TURKEY…[Actually, it’s their fraud and b***s*** catching up with reality]...
MESS SPREADS TO BERLIN...

NATO airstrike kills 6 children in Afghanistan...

Triple bombings in Iraq kill 19...
'Vigilantes' on the prowl...

REPORT: Latest Sandusky accuser a family member...
DEBATE NUMBER 11...
Sparks Fly...
Ron Paul: Patriot Act Is 'Unpatriotic'...
ROMNEY PROMISES FIRST TRIP AS PRESIDENT WILL BE TO ISRAEL…[romney just gets more and more desperately pathetic!]...
Gingrich: Cutting off gasoline would contain Iran...
Contenders square off on immigration...
WIRE WRAP...
PAUL'S TIME TO RISE!?

Obama pal Rezko gets 10 years in jail...
NASCAR Crowd Boos Michelle.. [Never a previous fan (that round and round and round– but I do like the flats in horse-racing - Go Big Red {‘Secretariat’, a terrific film} ), I think I’m going to change my mind in light of the fans’ display of good taste!]
White House plans celebration of 'country music'...

Gingrich to Occupy Wall St: 'Go get job right after you take a bath'...[National response to slimy newt: go get a real job right after you take a bath]

Israel; 'Time has come' to act on Iran... [Time for the world to act on illegal nuke totin’, war crimes nation israel]
Iran conducts 4-day air defense drill...
Israel shuts down dovish radio station...
TRUMP(Mobster in Chief?): I MIGHT STILL RUN (In his Dreams – Those Fuher Hitler tapes he ‘religiously’ listened to have inspired him)!
Releases financial disclosure statement...
SUPERFAILURE

Slimy newt says: I'm the best b***s***artist...
WIRE: Ron Paul gaining traction...
NEWT: I'm no Bill Clinton …[Yeah, hypocrite, he’s worse, that very slimy newt] ...
Looking for budget cuts, Congress bickers over what 'defense' means...
European missile defense shield on the chopping block...

Police clash with protesters in Tahrir Square over military rule...
ARAB FALL: PROTESTS RAGE IN CAIRO...
HERE WE GO AGAIN: Britain in secret talks with Syrian 'rebels'...

Clinton says there could be civil war...
Russia warships to enter Syria waters...

MORE PAIN IN SPAIN...

LAWSUIT: Man fired for not wearing '666' sticker at work…[He should be reinstated and receive damages!]...
IT TURNS BLOODY...
Fury At Sinking Economies Drives Global Demos...

GE filed 57k-page tax return; paid no taxes on $14b in profits...

SHOCK POLL IOWA: GINGRICH 32% ROMNEY 19% CAIN 13%… { How pathetic and downright stupid americans have become. gingrich is as big a b***s*** artist as wobama and similarly has a scandal-ridden track record of failure, including that inside ‘money for nothing’ deal with taxpayer drain freddy’s fannie! But again, that’s no endorsement of anyone else. What a totally lost in failure nation america’s become. }...
Sandusky interview prompts long-ago victims to contact lawyer...

STUDY: Middle-class areas shrinking...
Banks in USA Facing 'Serious Risk' on Contagion From Europe...

USA DEBT JUMPS TO $15 TRILLION...
Fed Now Largest Holder, Surpassing China...
Challenge to dollar's dominance 'within decade'...
OIL STARTS NEW SPIKE....
$102...
CNN POLL: Whites give president thumbs DOWN 61%-36%; Non-White thumbs UP 67%-32%...[Oh come on. Let’s get real here. Despite his blatant failure, ‘wobama the b for b***s***’ will still get 99.99 percent of the black vote. Forget them!]
Penn State coach says he stopped shower assault... ‘…McQueary was placed on administrative leave last week after Penn State officials said he had received threats. According to the grand jury report, the graduate assistant said he saw a boy, whose age he estimated at 10 years old, "being subjected to anal intercourse" by a naked Sandusky (according to u.s. forum posts sandusky is a polish jew whose mother’s maiden name is fittingly ‘gross’ www.topix.com/forum/us/TM9KO1A74D6VPVFS7 ) in a shower at the Penn State football building in March 2002…’
Paterno in line for $554,000 annual pension...
SANDUSKY ADMITS TO SHOWERING...
NYT: 10 more accusers come forward...
SHOCK: Teacher Arrested For Masturbating Behind Podium During Class...[inherently criminal, mentally ill americans are perverse degenerates]
Trend forecaster Gerald Celente's gold account emptied by MF GLOBAL...
'2 Bad Corzine didn't die in his car accident!'
ANGRY CUSTOMERS...
Saudi prince warns against any attack on Iran...
REPORT: Iran poised to choke oil supplies if hit by Israel...
Ready to help Turkey with nuclear plant...
Oil price again flirting with $100...
Post office near default? [So what! Let UPS take over the poorly managed, unreliable usps.]… Losses mount to $5.1B...

OBAMACARE TO SUPREMES...
5 1/2 HOURS: High Court to Rule on Obama's mandate...
26 States Want Entire Law Struck Down...
Decision 4 Months Before Election Day...
Justice Kagan called to recuse herself...
DAN RATHER: '(gingrich) Dangerous as a wounded wolverine'...
Obama: America's 'Been A Little Bit Lazy'…[like their vacation-prone potus]...
SOME DEMS REFUSE TO BACK OBAMA...
Bachmann Campaign Accuses CBSNEWS of Bias... Ron Paul Gets 89 Seconds To Speak In CBS Debate Paul Joseph Watson | Leaked email to Bachmann campaign indicates decision to limit air time for certain candidates was deliberate CBS News policy. [ It’s really quite amazing that retreads, such as the already failed, scandal-ridden slimy newt gingrich (much of america’s current failure had it’s genesis in policies initiated / supported by gingrich; ie., protection from RICO liability for the frauds on wall street, etc.) based on his mere adherence to that which is required of the ‘israeli amen corner’ on capital hill (as pointed out by the perspicacious Pat Buchanan), despite bringing america down thereby, is the shibboleth by which all candidates are being measured. Quite amazingly self-defeating, destructive, and self-destructive for america particularly and the world generally. That’s why cbs is cbs (for cb***s***). Given america’s intractable decline, it’s really quite amazing. But, as we’ve seen, pervasively corrupt, defacto bankrupt america is now fatally beyond shame. Nothing succeeds quite like failure in america; where crime pays and pays well. ]

CHICAGOLAND: Thug punches out older man on train platform... http://www.nbcchicago.com/news/local/Teen-Punching-Man-at-CTA-Stop-Caught-on-Tape-133703583.html?dr [ Typical niggers! Crowd Laughs, Taunts: 'He knocked his ass out!' ]
UPDATE: PENTAGON WARNED TROOP REMAINS BEING DUMPED IN LANDFILL...
PANETTA CAUGHT FLAT-FOOTED AGAIN...
ABRAMOFF: Congress Members Took Part in Insider Trading...
'THROW THEM ALL OUT'...
CHINA MOCKS US POLITICAL MODEL... { While otherwise agreeing owing to america’s pervasive corruption and defacto bankruptcy and my direct and continuing experience concerning same [ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  ,   http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ] , in light of china’s communist form of government which is total b*** s***, I’m compelled to say it’s american greed, corruption, and policy errors ‘that’s made china’ in light of their ‘sweat-shop, jailhouse, excessively cheap prison labor’ which is the primary reason for their economic success, coupled with a more rational approach to geopolitics as compared with their irrational, inherently criminal american counterparts. I’d also add to China’s credit that their work force is far more diligent and reliable than that of america where ‘make shift jobs’ are viewed an entitlement to a now ‘make-shift people’, however uneconomic. It’s the pervasive corruption, really, in america, which in China is dealt with harshly, but in america, is rewarded substantially. Crime pays and pays well in america, and is protected by even more crime (bribery, quid pro quo, etc.) among mob (including government) groups, which encourages even more crime (the highest crime rates by far in the world). That pervasively corrupt, defacto bankrupt america is a failed nation requires no clairvoyant prescience to discern. China’s mocking of america is well-deserved and comports with reality. Quite simply, america’s done! That’s reality! }

Thrill-Kills in Afghanistan … [ Now you know why ‘no immunity for crimes / war crimes’ was a deal-breaker for america in Iraq! ]...

'David Axelrod's pattern of sexual misbehavior'...
Panetta Warns Defense Cuts Could Lead to Attack on USA [ Typical incompetent guinea from … california … wow! Look at the pelosi/panetta/boxer/feinstein once great state of california now … horrendous, but substantially better than those corrupt guinea/mafia strongholds new york/new jersey (italian dog-pack mentality). Haven’t their tenures coincided with america’s/california’s decline, with wobama the jive-talking race-card black the coup de gras? america’s defacto bankrupt and all that that entails and the concern should realistically be not attack from without but rather coast to coast from within. The military industrial complex and war profiteers have benefited exorbitantly with the likes of panetta and his ilk; yet the likes of this incompetent boob would have never found a place in the administration of the great but substantially underrated President General Eisenhower, a man of honor and integrity! ( And the last legitimately elected president since the JFK assassination/coup d’etat! ) ] ...
FANNIE MAE taps $7.8 billion more from Treasury, loss widens...
60 MINUTES Expected to Air Investigation of Pelosi Stock Investments...
MILITARY DUMPED REMAINS OF DEAD SERVICEMEN -- IN LANDFILL… [ pervasively corrupt, defacto bankrupt america’s a nation without honor – they’ll use and abuse you, even post mortem ] ...
Alabama county seeks to file biggest municipal bankruptcy...
THE BIG BREAKUP...
Merkel Calls for 'New Europe'...
STOCKS PLUNGE ON FEAR...
Italy's Woes Signal 'Dangerous Phase' in Crisis...
'Contagion Spreading; They've Got to Stop This'...
Greek Unity Deal in Disarray...
THE FALL OF BERLUSCONI...
Humiliated in parliamentary vote...
French ready for pain as debt reality bites...
Victims Double In Penn State Case...
...Boys Raped In Showers
Car of Republican Philly Mayor Candidate Vandalized -- for the 10th Time! [ The ‘city of brotherly love’ that loves the bros! I was recruited by Temple University, but not seriously from my own perspective, infra; but, I had never seen a college wrestling match, so I went along as invited. When we came out from the match, the quiffy spike israel’s ‘little buddy’ jimmy fiore’s car was ‘sitting’ on its rims, all four tires stolen, etc.. --- On Wed, 11/18/09, ethan lichtblau <ethanetan@hotmail.com> wrote:
From: ethan lichtblau <ethanetan@hotmail.com>
Subject: Your NYU Wrestling Experience
To: albert_peia@yahoo.com
Date: Wednesday, November 18, 2009, 11:39 AM

Hi Al,

I know of you from my old wrestling coach, Ron Pollack.  I know that you wrestled at NYU, and that you won the Met Championships.  I am writing a book about my own experiences in wrestling, judo, and ju jitsu.  I wrestled in the Met championships in 1984 when they were held at NYU, and I remember seeing an old newspaper article they had on display that talked about you winning the Mets in '72 or '73.  You beat Pollack in the finals.  Pollack's coach was quoted in the article as saying that Ron "gassed out", I'm assuming from nerves.  I am really interested in the phenomenon of "choking" in a sports event due to being nervous.  I was wondering if you had any memories you could share about this particular match?  I know it was a long time ago, but if you do remember anything I would appreciate whatever you could share.

Regards,

Ethan Lichtblau

Date: Wed, 18 Nov 2009 22:50:55 -0800
From: albert_peia@yahoo.com
Subject: Re: Your NYU Wrestling Experience
To: ethanetan@hotmail.com

Hello Ethan:

The mother of one of our team mates worked with Ron Pollack's dad who kept telling her how badly Ron Pollack was going to beat me (some others played him up saying he consistently beat his team mate stu pruzansky by substantial margins and other such things). In fact, he took an early lead with a take-down that he was quite good at and I was looking for (something between a firemans' carry and a barrel role)[1972]. However, by the end of the match, he was quite haggard, in tears, and I actually had to hold him up on the podium. My tougher match was the semi's where I met two-time defending Met Champion Ed Rufrano (he got a special trophy for scoring the most team points over a period of time). He was quite strong and although I won, I had slipped a cervical disk (for which I ultimately needed traction - I couldn't even do a push-up after a couple of days which is very humbling when one relies so much on will-power). I had also beaten Ron in the finals of the Freshman Met Tournament. I was injured by the end of the season in the two prior intervening years (interestingly, the neurologist for the herniated disk pointed out that my bones were relatively small compared to my musculature/body-mass). I was fortunate to have a great coach in Roger Saunders (Roger and his brother Richard, a former CIA Agent/Mechanic, were both National Champions). I couldn't imagine Roger saying one of his wrestlers "gassed out", even if true. Ron certainly didn't "choke" in the first period, if at all.

Regards,

Al Peia

______

From: ethan lichtblau <ethanetan@hotmail.com>
Subject: RE: Your NYU Wrestling Experience
To: "Al Peia" <albert_peia@yahoo.com>
Date: Thursday, November 19, 2009, 2:07 PM

I really appreciate your insights about this.  I never got a chance to speak to Ron about his own college wrestling days.  I only knew him when I was in  high school, where he was coaching a bunch of local high school wrestlers on a part time basis.  He was also helping out at his alma mater
(?FDU) assisting a guy he used to refer to as "Metz" or "Metzy".  By then he was a fairly un-assuming guy and never even told me that he had taken a 2nd at the Mets when he was in college.  By the time I went off to NYU Ron had left town to go to chiropractic school, and I don't think we ever saw each other again.

I now remember what struck me so much about that article that was posted at NYU.  It was accompanied by a picture of three guys on the podium.  You were holding Ron up and he was crying.  It's really a classic picture, even more so because unless you know the "back" story you can only imagine what is going on in the wrestler's heads at the moment the shot was taken. I saw this picture once about 25 years ago and it still sticks in my head.  I was wondering if you could clarify:  I am assuming your coach was named Saunders.  He wasn't the one who spoke of gassing out.  Like I said above, I thought Ron was coached at FDU by a guy he used to refer to as "Metz".  It was either Ron's coach (whoever he might have been) or perhaps Ron himself that stated in the article that Ron had "gassed out".  I also remember now that there was some suggestion that he had come down with a flu, which might explain his reaching a state of exhaustion by the end of the match.  Or perhaps you just kicked his ass in in the last 2 periods.

Speaking of Stu Pruzanski,  I never met him , but I knew his brother Dave a bit.  Dave owned a gym in the early '80's and our Judo club used to work out there for a while.  This was another guy who never really told you much about himself.  I only found out years later that he once wrestled Gable to a tie.  He was also the only guy to ever win US National championships in Judo, wrestling, and Sombo, all in the same year.  (?1972).  Years later, maybe 1985 or so, he decided to make a comeback in Judo.  He cut a shit load of weight and ended up fighting me in the finals of a small regional tournament.  I beat him by decision, but really got no satisfaction out of beating a guy who was so out of shape.  Can't remember if this was before or after one of his kids committed suicide.

Ethan

---

Date: Thu, 19 Nov 2009 23:49:19 -0800
From: albert_peia@yahoo.com
Subject: RE: Your NYU Wrestling Experience
To: ethanetan@hotmail.com

Roger Saunders was my coach at NYU and clearly, a great one at that, who subsequently went to Bloomsburg where he was ultimately Athletic Director on last info. Bob Metz had quite a few winning teams at FDU, but he was not Saunders whose brother's wrestling success I alluded to so as to emphasize his wrestling prowess as no fluke. The last I heard of Dave Pruzansky he was diving out of a window of his house to evade police who had busted his drug-dealing operation. As a wrestler he was no joke and you did well to beat him and are too modest. I included reference to pruzansky because they developed a very curious, bizarre, and almost gang-like mentality within their "wrestling click". Upon information, many (if not all) of their clique "amped up" on amphetamines before their matches. Very close to their clique was the very weird and corrupt ref spike israel. The very quiffy spike israel had a "little buddy" jim fiore and had recruited David and his little buddy (among others) to Temple University to which he had some connection, and actually attempted to recruit me to same. I didn't take him seriously; firstly, because he told everyone he had been a state champ (bull s**t); secondly, because he had screwed me in a high school match wherein I had pinned leonard pruzanzky in the first period (I had him on his back almost the entire first period and israel gave me no back points, 2 or 3 for near fall, let alone the pin, and just the takedown and I lost by a point on riding time-leg ride). In an open tournament (I think Stroudsburg?), I was looking at the seedings/pairings/chart and David came up behind me pointed to my entry and said to the guy he was with that I had beaten his brother leonard. Roger required our team during one Christmas break to compete in my first and only free-style tournament. I was up two weight classes and David won quite handily. That was the third time I had beaten Ron and frankly, I did grind him into the mat and kick his ass for the late balance of the first period and the remainder of the match.

The following is a reply on facebook to someone who said I beat him in wrestle-off and

completes my wrestling story.

Good luck to you in all your endeavors.

Regards,

Al Peia

Howard:

Thank you for your gracious and overly humble comment. Over time, such things become less and less important and I can't say that I actually recall that, per se. As we both know, wrestling was never a pleasant undertaking and although I respect(ed) the sport, I made it a point never to set foot on a mat off season. You may also find it somewhat ironic that I actually had made the basketball team (Hubie Brown for whom I had high regard was varsity coach and Richie Szura the J.V. coach), which sport I enjoyed; and in a meeting arranged by Dan Deluca (I had won a tournament in junior high and the match against the rival Thomas Jefferson Junior High) with Coach Szura wherein Szura nicely but candidly told me that although I had made the team, "that I wasn't the tallest of angels" (which I thought was very funny and we all laughed) and essentially I'd be warming the bench while Deluca guaranteed me a varsity letter for wrestling the easy matches since varsity wrestler Richard Zocco was having difficulty making weight (he never made weight). As trite and cliched as it sounds, it was the varsity letter guarantee that sealed the deal (and in my mind, the prospective "help with the babes therefrom" - actually, it was only the pretty sophomores with whom it ultimately paid dividends so to speak - how very high school). I had a great Coach in Roger Saunders who recruited me to NYU (Roger and his brother Richard, a former CIA agent/mechanic, were both national champions). Wrestling has always been an important learning experience for me. Such a kind and humble remark as yours deserved a greater explanation.

Al
______

From: ethan lichtblau <ethanetan@hotmail.com>
Subject: RE: Your NYU Wrestling Experience
To: "Al Peia" <albert_peia@yahoo.com>
Date: Monday, November 23, 2009, 5:30 AM

Truly, thanks for all your info.  Interesting that you should mention Spike Israel.  I am assuming that the word "quiffy" is code for "gay".  Spike was coach at Tenafly High when I was in high school, and was known to "like boys".  Apparently he taught the Tenafly guys only one move, the Granby roll, which they were all quite good at, but very little else.  Besides Ron in the early '70's and Steve and Dave Yale in the later '70's Tenafly basically had no decent wrestlers during that period.  Not really sure if this was a coaching issue or recruiting issue.  Our high school (DMHS in Englewood) had former state champ Bob Hurley (Bergenfield) as our assistant coach and former state runner up Reggie Williams (Hackensack) as head coach, and we also fielded very few good wrestlers during those years.

Ethan

--- On Thu, 11/19/09, ethan lichtblau <ethanetan@hotmail.com> wrote:

From: ethan lichtblau <ethanetan@hotmail.com>
Subject: RE: Your NYU Wrestling Experience
To: "Al Peia" <albert_peia@yahoo.com>
Date: Thursday, November 19, 2009, 2:07 PM

I really appreciate your insights about this.  I never got a chance to speak to Ron about his own college wrestling days.  I only knew him when I was in  high school, where he was coaching a bunch of local high school wrestlers on a part time basis.  He was also helping out at his alma mater
(?FDU) assisting a guy he used to refer to as "Metz" or "Metzy".  By then he was a fairly un-assuming guy and never even told me that he had taken a 2nd at the Mets when he was in college.  By the time I went off to NYU Ron had left town to go to chiropractic school, and I don't think we ever saw each other again.

I now remember what struck me so much about that article that was posted at NYU.  It was accompanied by a picture of three guys on the podium.  You were holding Ron up and he was crying.  It's really a classic picture, even more so because unless you know the "back" story you can only imagine what is going on in the wrestler's heads at the moment the shot was taken. I saw this picture once about 25 years ago and it still sticks in my head.  I was wondering if you could clarify:  I am assuming your coach was named Saunders.  He wasn't the one who spoke of gassing out.  Like I said above, I thought Ron was coached at FDU by a guy he used to refer to as "Metz".  It was either Ron's coach (whoever he might have been) or perhaps Ron himself that stated in the article that Ron had "gassed out".  I also remember now that there was some suggestion that he had come down with a flu, which might explain his reaching a state of exhaustion by the end of the match.  Or perhaps you just kicked his ass in in the last 2 periods.

Speaking of Stu Pruzanski,  I never met him , but I knew his brother Dave a bit.  Dave owned a gym in the early '80's and our Judo club used to work out there for a while.  This was another guy who never really told you much about himself.  I only found out years later that he once wrestled Gable to a tie.  He was also the only guy to ever win US National championships in Judo, wrestling, and Sombo, all in the same year.  (?1972).  Years later, maybe 1985 or so, he decided to make a comeback in Judo.  He cut a shit load of weight and ended up fighting me in the finals of a small regional tournament.  I beat him by decision, but really got no satisfaction out of beating a guy who was so out of shape.  Can't remember if this was before or after one of his kids committed suicide.

Ethan

Ethan:

"As a wrestler he was no joke and you did well to beat him and are too modest."
To reiterate: you are far too modest!

 Good luck to you in all your endeavors.

 Regards,

Al Peia

RUSSIA [ The Rational Pan-European Nation ] WARNS AGAINST STRIKE ON IRAN...

PAPER: Wall Street 'MORE profitable'...
Extreme Poverty Now At Record Levels...

REPORT: Greek PM to resign today...
'Point of no return'...
BERLUSCONI TO BAIL?
Intrigue and betrayal in Rome...
Speculation over departure roils markets...
Italy: Too Big to Fail, Too Big to Save?
Allies push Berlusconi to resign...
'The beginning of the end'...
Italy protesters rally against Berlusconi...
... While Silvio naps
Defiant Berlusconi refuses IMF bailout...

US approaches $15 trillion debt limit...
CHINA: Europe induces 'sloth, indolence'...

TRUTHFUL TRASH TALK (ABOUT ISRAELI TRASH) BEHIND ISRAELI LEADER'S BACK Report: Sarkozy calls Netanyahu 'liar' Microphones accidently left on after G20 meeting pick up private conversation between US, French presidents. Sarkozy admits he 'can't stand' Israeli premier [ Yes … netansayahu! ]
12 US TROOPS KILLED...
FREDDIE MAC seeks further $6 billion from taxpayers...
AIG records biggest loss since 2009...
'I will never stand for national anthem again. I will turn my back and I will raise fist'...
Judge Tosses TSA Case; Lawyer told ruling 'national security'...

LEAVING 'FASCIST AMERICA', VENTURA OFF TO MEXICO

WHITE HOUSE REJECTS SOLYNDRA SUBPOENA...
US approaches $15 trillion debt limit...
G-20 Fails to Agree on IMF Resources...
Suicide bomber targeted American NATO bus in Kabul...
TALIBAN CLAIMS CREDIT...
POLITICO: Two women accused Cain of inappropriate behavior… [ Read my lips: NO NEW NIGGERS! … even a fallen despoiled nation in intractable decline as america can do better than that; ie., wobama v. cain ? (besides, there’s that ‘cancer problem’, amidst scandals exceeding ‘pubic hairs on soda cans’); this is no endorsement of anyone else. As a matter of fact, that there are two niggers vying for the presidency is a testament to how far america has fallen. Maybe pervasively corrupt, defacto bankrupt america can look to sub-saharan africa for their models of governance. IT’S OVER: Cain Is Done Business Insider | The scandals swirling around Herman Cain today will be fatal to his presidential ambitions. ] ...
Cain Chief Of Staff Calls On Perry Campaign, POLITICO To Apologize...
'Chicagoland hit'...
Debt Increased $203B in Oct.: $650 For Every American...
Number of Americans on food stamps rises 8% to 45,800,000...
Greek Vote On Bailout Plan Due 'Within Weeks'...
Fears rising about impact of euro on daily life...
France, Germany demand decision...
FBI moves in on Corzine's MF GLOBAL...
FLASHBACK: Corzine floated for Treasury Secy...
China (the rational nation financially, economically, geopolitically) sells missiles to Iran in violation of UN sanctions (where are the sanctions against israel/america et als for war crimes, violations of international law/u.n. resolutions, etc.) ...
Israel test-fires missile that could hit Iran...
NETANYAHU RALLIES SUPPORT FOR ATTACK...
UK steps up plans for possible strike...

Greece Vote on Bailout STILL ON...
Gov't 'On Verge of Imploding'...
Military Chiefs Replaced...
ON THE BRINK...
STEVE JOBS DEAD
EU leaders race to save deal...
Emergency meeting in Cannes...
Vote threatens Sarkozy re-election plans...
PAPER: World faces years of social unrest as economies falter...
Herman Cain: The Attacks On Me Are Racially Motivated … [There it is … the race card … riiiiight!] ...
CONDI TO CAIN: DON'T PLAY THE CARD...

ISRAEL AUTHORIZES 'GROUND OPERATION' TO STOP GAZA ROCKETS...
Washington fears unilateral strike on Iran...
Israel improving nuclear abilities[ War crimes nation, illegal nuke totin’, defacto bankrupt american albatross israel keepin’ america’s direction and attention misdirected ]...
NEW ORLEANS: 15 shot, 2 dead in Halloween shootings [Yeah, those niggers really love ‘candy’ of any kind]...
FLASHBACK: 'I'M READY FOR HIGH-TECH LYNCHING'...
Second Energy Department-backed company goes bankrupt...
Corzine's MF GLOBAL files Chapter 11...
Likely Among the 10 Biggest Bankruptcies Ever...
Iran demands apology over Saudi ambassador assassination plot charge...
Palestinians win full membership on UN cultural agency … [ This is both productive and positive! ] ...
WORLD SERIES WILD! [Congratulations to the St. Louis Cards … I’m so glad they won since bush / bushes no doubt were routing for their old Rangers team! ]
EU Officials look to Beijing, Tokyo -- borrowing costs rocket...
Cameron: London 'under constant attack' from EU...
GALLUP: OBAMA APPROVAL SKIDS TO NEW LOW...
FIST FIGHT BREAKS OUT IN ITALIAN PARLIAMENT...
MERKEL: We should not take peace for granted...
'Significant new offer' from bondholders...
EU SAVED -- BY CHINA?
SUMMIT FATIGUE: Endless gatherings take toll on leaders...
Berlusconi forced into corner...
FARRAKHAN LASHES OUT AT OBAMA; CONDEMNS GADHAFI 'ASSASSINATION'...
AUDIO...
DOOM: Fears euro summit could miss final deal...
'Unknown territory'...
No bet on disaster...
Finance ministers cancel meeting...
Berlusconi fights to save coalition; Gov't on brink of collapse...
Greenspin: European Union Doomed to Fail...
Japanese yen jumps to new postwar high...
KILL BOUNCE: OBAMA MOVES UP TO 44% AT GALLUP… [I don’t believe this poll number for even one second … this is solely a manipulated ‘pavlov dog conditioning’number]...

Treasury considers 'new' debt security...
Bank Predicts Another US Downgrade -- In Just Few Weeks...
EU 'bank failures will crash Wall Street'...
Pressure on Italy...
New euro 'empire' plot by Brussels...
Germany's economic might sets off alarms...

Shootings up 154% in NYC ...

Defections by Senate Dems Hamper Message on Jobs...
Unemployment rate rises after Obama visits NC...
DNC's 2012 host state posts highest payroll losses...
DC area tops income list; Avg fed employee makes $126,000 a year…[With the exception of law enforcement, ie., FBI, fed employees are uneconomic and almost without exception, a total waste of money]...
Reid says govt jobs must take priority over private-sector...
Americans' Standard of Living Drops Sharply...
Antidepressant use skyrockets...
RUSSIA: GADDAFI DEATH BREACHED LAW
Greece may need 60% bond writedown; EU at odds...
Greeks ask God for help…[ Not granted! ]...
S&P: France Likely to Lose Top Rating...
EUROPE BRACES FOR 'DOWNGRADE BLITZ'...

FLASHBACK: Gaddafi: Obama is friend...
KILLED IN HOMETOWN...
CAPTURED ALIVE...
'DON'T SHOOT'...
Cost of Libya operation: $1 Billion...
Clinton: 'We came, we saw, he died'...
GRAPHIC VIDEO...
FLASHBACK: Farrakhan: 'That's a Murderer in the White House!'...
HIT LIST: Obama warns other Mid East dictators THEY COULD BE NEXT...
TIMING? U.S. busts two Iranians today over terror plot Obama was briefed about in June... { U.S. accuses Iran of plot to kill Saudi ambassador [ Oh come on! That’s as likely as wmd’s in Iraq; or, america and israel hatching such a plot so they can blame same on Iran. The point is, when it comes to nations that both war-mongering israel/u.s. would love to make, not love, but war on, they’d literally say anything; even to the point of paying anyone to say anything … yellow cake anyone? (‘Bush and Iraq: Follow the Yellow Cake Road’ Read more: http://www.time.com/time/world/article/0,8599,463779,00.html#ixzz1aWL8TndC ‘...the White House defense, having now admitted a falsehood in President Bush's claim, in his State of the Union address, that Iraq had tried to buy uranium in Africa. Read more: http://www.time.com/time/world/article/0,8599,463779,00.html#ixzz1aWKsd9dp ] }
ENTHUSIASM GAP: Rs 64%, Ds 43%...
POLL: CAIN 43% OBAMA 41%

WAR DRUMS: Obama Presses Inspectors on Iran Nuclear Data...
Iran's former president warns of possible US attack...
Day of 'Global Revolution'...
FITCH: More Than Dozen Banks May Get Downgraded...
BATTLE ON 'OCCUPY'...
Bloomberg backs down...
Giuliani [ghouliani / mafiani]: I Would've Told OWS Protesters, 'Streets Are Not For Sleeping,' 'Rent A Room' [ from mafia owned / ‘protected’ hotels only, as per political opportunist –9/11, 9/11, 9/11- ghouliani / mafiani ] [ the difference between the facist / neurotic approach of ghouliani and the rational approach of Bloomberg ] ...
'PARTY' IN TIMES SQUARE!
DENVER POLICE MOVE IN...
10 ARRESTED IN SEATTLE...
SD CAMP DISMANTLED...

OBAMACARE ALREADY FALLING APART?

GRENADES TO MEXICO...
Obama Spoke About Fast and Furious Before Holder Claimed He Knew...
SHRINK: Obama suffers from 'father hunger'...
In Holder Subpoena, Issa Also Probes WH Press Aide...
BOOK WARNS OF END...
'Defend The Occupation!': Protesters Ask For Sunrise Support, Tell People To Call 311 To Complain...
PELOSI UNHINGED: Republicans 'want women to die on floor'...
Obama invokes race...
'Unusual' meeting between US, Iran over plot...
G20 finance ministers gather as time runs out...
Spain Credit Rating Cut...
Europe tempted to save Greek trauma for later...
BUCHANAN: Is the New World Order unraveling?
Panetta warns budget cuts will force retreat in Africa [ Retreat? What alternate universe is this guy from … oh right, ‘the land of fruits and nuts’ ]...
CHICAGOLAND: Video captures two girls violently beating fellow female student... ‘ Tim Holt · Top Commenter
how many KNEW that this would be black girls when you read the headline?’ [ Isn’t that the truth … typical niggers! ]
Pack of 30 girls attack 15-year-old girl for cellphone...
WAR DRUMS: IRAN CALLS 'TERROR PLOT' LIE
Saudis say Iran must 'pay the price'...
Hillary: 'Dangerous escalation'...
Warren Buffett made $62,855,038 last year...
Company still owes as much as $1B in back taxes...
CHICAGOLAND: Union boss to rake in $500,000 yearly pension...
Issa subpoenas Holder...
Holder ends press conference after questions on Fast and Furious...
Subpoenas for Atty Gen imminent...
Belafonte: Herman Cain 'is bad apple'...
Cain Fires Back: 'I Left Democrat (for the Republican) Plantation Long Time Ago'...
Afghanistan shuts down graft probe...
Not a single Christian church left in country...
AL-QAEDA QUESTIONS LEGALITY OF KILLING U.S. CITIZEN
TIME SHORT: UK PM says euro has just weeks .. disaster...
100+ 'Fast and Furious' guns found in Mexico cartel home...
HOLDER ON HOT SEAT...
Issa: Subpoenas issued soon...
Iran calls Wall Street protests 'American Spring'...
Chavez slams 'horrible repression' of U.S. protests...
Pope denounces 'inhuman' mafia...
Opposition grows, hardens...
GALLUP: OBAMA AT LOW...
Italy, Spain Ratings Cut by FITCH; Belgium Is Put Under Review by MOODY'S...
FINANCIAL CRISIS 'WORST WORLD HAS EVER FACED'...
MOODY'S Cuts Rating on 12 UK Financial Institutions, nine Portuguese banks...
DEPENDENT STATES OF AMERICA: Nearly Half Live in Households Receiving Govt Benefit...
Wall St protest expected to swell...
FINANCIAL CRISIS 'WORST WORLD HAS EVER FACED'
IT'S OFFICIAL: Housing bust worst since Great Depression...
Sanitation Becoming Concern...
Pelosi on Protesters: 'God bless them'...
LA Mayor Villaraigosa Hands Out Ponchos...
Dallas Federal Reserve Targeted...
Secret panel can put Americans on 'kill list'...
CHICAGOLAND: Bodies double up at morgue...
Post Office's Rescue Plan: More Junk Mail...
College Walk Out Planned; 'Anonymous' Releases Threat Against NYSE...
Occupy Wall Street 'Stands In Solidarity' With Obama Front Group...
Stocks' massive 'melt-up' fans investor fears...
Police, rioters clash in Greece as nation goes on strike...
Geithner warns Europe crisis global threat...
Issa to Holder: Admit you knew...
Holder changes story...
DoJ quietly demotes ATF officials involved in Fast and Furious...
White House screams, swears at reporter for covering scandal...
Is CBSNEWS Silencing Reporter?
Afghanistan violence up 39% over last year...
REPORT: WHouse awarded $5M 'bonus' to state for Food Stamp signup...
DICK MORRIS CLAIM: 'Very Possible' Obama Will Bow Out Of Presidential Race...
'AMERICA'S GOTTEN A LITTLE SOFT’ [Yeah! Soft in the head for tolerating wobama’s b***s***] '
GALLUP: (wobama approval) Back in the 30s...
BLOOMBERG WARNS OF RIOTS...
Assad threatens to attack Tel Aviv in case of NATO strike...
Russia, China veto UN resolution on Syria…[Rationality Prevails!]...
Clashes in Saudi Arabia leave 14 wounded...
Police open fire on civilians... [But this is ok because saudi arabia’s a doormat for israeli/u.s. interests]
GOP calls for special counsel to investigate Holder... Developing...
WHEN DID HE KNOW?
Holder changes story about ATF gun-running op...
'Either Incompetent' or 'Misleading Congress'… [How ‘bout both! … he’s typical!]...
White House screams, swears at reporter for covering scandal...
'RECOVERY CLOSE TO FALTERING'
Michael Moore: The Rich Are Out Of Control, Kleptomaniacs And Sociopaths...
Michelle Obama's Africa Vacation Cost More Than $432,142...
Daughters listed as 'senior staff'...
ESPN YANKS HANK WILLIAMS JR. FROM 'MONDAY NIGHT FOOTBALL'...
LIKENS OBAMA TO HITLER...
VIDEO...
PUTIN EYES 'EURASIAN UNION'
PAPER: China or USA? Make your choice...
Greece Falls Into 'Death Spiral'...

RON PAUL FLOATS IMPEACHMENT FOR DRONE KILL OF U.S. CITIZEN...

'YOU'RE NOT BETTER OFF'...
Claims 'underdog' status for 2012...
POLL: Majority expect him to lose...
Cantor: Obama's Jobs Bill Dead; His 'All-Or-Nothing Approach' Is Unacceptable...
Mosque Set on Fire in Israel...
REUTERS: Christie faces White House decision this week...
[ To be president of the now disunited states like no time since the civil war, one really must want to be president. Governing new jersey is probably the easiest political position in the world inasmuch as the same is totally controlled. New york is a close second to jersey in those terms, complicated only by the arrival, politically like never before, of the wall street frauds (the fraudulent goldman era, beginning more serious than ever politicking with rubin, paulson, etc., probably owing to their far larger frauds for which they needed ‘protection’ in the form of ‘political muscle’ – which they got.). The gangs of jersey, new york have a history that’s endured in terms of impact longer than the political parties themselves; proximity to and control of the local vote multiplied many times by the controlled localities ‘they serve’. In jersey, you can’t get elected without the mob; in some areas the mob controlling both parties. [ brendan byrne, who brought the final take-over / scourge / quid pro quo, viz., the casinos, james florio, mario cuomo (progeny andy cuomo), etc., had publically known mob ties. Less conspicuous would be the likes of old money play-along tom kean, whose desperation to breathe life into the moribund political career of his son is evident to all; including his cover-up report on the 911 incident which was probably the worst of its kind since that other non-jurist, politician / former governor of California warren report / cover-up of the coup d’etat / JFK assassination. Just who are these so-called ‘conservatives’ holding back funding while urging jersey christie’s run ‘for the gold’. No … I couldn’t care less about his girth, the goodyear blimp / humpty dumpty jokes, etc.. Yet, one has to wonder why a prior decision, given even further consideration upon God knows who’s self-interested prompting, is suddenly firm today yet malleable tomorrow. Forbes, (and hannity I suspect), of jersey himself (themselves) seems close to this yet one still must wonder ‘what the deal is’. More importantly, for jersey (n.y.) candidates, ‘with whom’. That wobama, as a black man realistically / potentially viewed as the ultimate outsider, would make promises that got him elected, yet renege on nearly all of same is a testament to how totally controlled these gutless politicians are and proving how such lack of courage spells not only their own unequivocal failure (wobama as bush failure 3, et als), but certainly for that of the nation as well ( Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.’THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ). Quite simply, there is really no good reason why a jersey politician should change his mind about something that should be at one with the person himself. After all, we all must at least assume jersey governor Christie is a man of reason who previously made an unequivocal, publically announced, widely covered decision for what must be assumed a good reason. ]
FORBES: CHRISTIE DECISION WITHIN 72 HOURS...

CLASH ON BROOKLYN BRIDGE...
More than 700 arrested in 'Wall St' protest...
Dozens cuffed in Boston after targeting BANK OF AMERICA...
Protests spread across USA...
Los Angeles...
Chicago...
Denver...
Seattle...
Greece to Miss Deficit Targets Despite Austerity...
'Leaders are pushing the world into Depression'...

Al Sharpton's office admits handing out possibly bogus stimulus check forms...

Iran Supreme Leader: Palestinian UN statehood bid doomed to fail...
Hamas: 'Resistance' against Israel is only option left...
STOCKS SUCK...
Wall St. ends rotten quarter in sour mood...
Dow Notches 12% Drop...
No Rise in Home Prices 'until 2020'...
Feds: SOLYNDRA Won't Reveal Contracts, Customers or Exec Bonuseslt (typical american boondoggle) ...
DOE pushing ahead with $5b more in solar loans (another american boondoggle) ...
Strikes hamper Greek rescue effort...
Sarkozy, Merkel to Meet...
$200K Per Job? Geithner Says White House Plan Still Bargain … [ Riiiiight! .. In what alternate reality beyond political desperation mode? ] ...
GERMANY SLAMS 'STUPID' US PLAN FOR EURO...
CHAOS: THOUSANDS LINE UP IN PHILLY FOR FOOD STAMPS...
Protester calls Obama 'Anti-Christ'...
Fundraising plunges...
'Titanic struggle' for re-election...{ Axelrod: Obama faces 'titanic struggle' [ Yes indeed! A titanic struggle for control of the Titanic, the USS Titanic, sinking from its own weight of pervasive corruption, defacto bankruptcy, and fatal, immutable structural flaws! ] }
CA CITY HAS 32.4% UNEMPLOYMENT RATE!
POLL: Paul beats Obama 51-49...
COPS: Mob of girls charge house after high school fight; 2-year-old girl shot...
DEM GOV. CALLS FOR 'SUSPENDING ELECTIONS' … [ the wobamanoid plan … for even greater nation-breakin’ disaster! ]...
Former Obama budget director: 'We need less democracy' to 'counter gridlock' [ How desperate, these wobamanoids… How pathetic! ] ...
Split over Greek bail-out terms...
NOW IMF NEEDS BAILOUT!
PUTIN FOR LIFE...
Police in Moscow raid bank of political opponent...
Finance chief rebels...
Merkel: Greek default would destroy faith in Europe...
French left seizes Senate majority, hurts Sarkozy...
Plan B: Flood markets...
S&P: Larger Fund Could Weigh on Ratings...
SIX WEEKS TO SAVE THE EURO...
IMF to increase resources to more than $1 trillion...
Wall Street protesters pepper-sprayed, cuffed...
90 arrested...
VIDEO: Wild scene...
Catalonia's last bullfight … [How wise, and nothing less than what one would expect from the place that has given rise to among the greatest artists in the history of this world.] ...
PAYBACK [ Retaliation ]: S&P Could Face Legal Action From SEC Over Ratings...
SUMMER SALE: Dow plunges 391 points...
Global markets tumble 4%...
ZOELLICK: 'World in danger zone'...
SOROS: USA already in double-dip...
Abbas moves for statehood...
'We shall not recognize a Jewish state'...
NETANAYAHU is a 'Theater of the absurd'...
Calls UN 'House Of Lies'...
CLASHES IN WEST BANK...
LIVE...
Pakistan warns US: 'You will lose an ally'...
SHUTDOWN: Harry Reid kills bill to keep gov't running...
Postpones disaster relief vote...
...for Dem party, fundraiser at island retreat!
BLOW: Obama fundraiser got $107m in federal tax credits for wind power...
Credit stress 'reaches pre-LEHMAN danger levels'...
BAD BLOOD: Bill Clinton: Netanyahu killed peace process...
GLOBAL SYSTEM UNDER PRESSURE...
GALLUP: 55% DISTRUST MEDIA...
Palestinians Delay Call for Quick Vote...
State bid 'only alternative to violence'...
UN chief urges Israel 'restraint'...
Obama re-affirms desire for Palestinian state...
Venezuela, Cuba defend Iran...
IMF warns on global financial system...
MOODY'S downgrades three US megabanks...
Man returns with shotgun after TACO BELL worker forgets hot sauce...
IHOP Hires Bouncer To Control The Rowdy...
Approval Among Liberals Hits All-Time Low...
LIBS VOW PRIMARY CHALLENGE AGAINST OBAMA
IMF WARNS: INTO THE DANGER ZONE...
...warns of USA 'lost decade'
USA building secret drone bases in Africa, Arabian Peninsula...
Chavez: Israel committing genocide...
Iran: Israel killing our nuclear scientists...
Palestinian move hits Dem vote base; Republicans woo Jewish electorate...
Israel Floats 'Interim Solution' To Palestinian Statehood Debate … [ Half measures will not do! Too much time, resources have been wasted! Time for the ‘final solution’… the choices: peaceful or non-peaceful; rational or irrational; reasonable or unreasonable! There has been nothing to have changed the reasonable expectations created by secretary of state clinton herself in espousing this administration’s unequivocal position espousing Palestinian statehood! ] ...
REPORT: SOLYNDRA execs to plead Fifth...
HOUSE TO PROBE OBAMA ACTIONS ON GOV'T LOAN...
Second witness says White House tried to steer testimony...
Air Force general claims he was pressured...
WIRELESS: Obama invested in Falcone-funded Co....
FLASHBACK: 'I thought about going to Warren Buffett, and I decided it would be embarrassing I only had $100,000'...
CHICAGO TRIBUNE: Why Obama should withdraw from 2012 race...
Black Caucus chairman: If Obama wasn't president, we would be 'marching on the White House'… [ Which means typically, reasonably as suspected, the black caucus is racist and without any credibility whatsoever; particularly in their support of wobama, ‘the last negro’ … What an insecure, jive-talking, stereotypical dismal failure wobama’s turned out to be … he’s totally pathetic … he’s proven to be just another of his type who’s gotten by on b***s*** and ‘special understanding / consideration’ his entire life … yes, the last negroe! … wobama’s basically re-running his last and now endless campaign expecting all to believe him this time around … this last negroe! ] ...
OBAMA'S JOBS BILL WON'T BE READY UNTIL NEXT MONTH, AFTER ANOTHER VACATION...
$3 in tax hikes for every $1 in spending cuts...
NEW BOOK TELLS OF DISCORD IN OBAMA ECONOMIC TEAM...
Women 'excluded and ignored'...
REPORT: Rahm threatened to burn down house of statehouse foe...
Protesters hit Wall Street...
'US Day of Rage'...
Cops Lockdown Wall Street From Day of Rage Protesters
$1,500,000,000,000 IN NEW TAXES
GREEK BLEAK...
WREAK...
RETIREE BENEFITS FOR THE MILITARY COULD FACE CUTS...
Fed Expected to Launch New Program as Europe Boils...
Europe digs ever deeper debt hole...
Palestinians demand statehood...
Holy Land clerics bless...
Jewish groups worried by Vatican gesture...
Obama faces awkward dilemma...
NYC security on alert for UN assembly...
Emergency meetings to avert Palestinian crisis...
TURKEY PROPOSES PARTNERSHIP WITH EGYPT...
VETO THAT COULD CHANGE THE WORLD...
Palestinian leader ignores US warnings on UN statehood...
Israel ups West Bank forces...
Anti-Israel subway signs in NYC spark religious war of words...
Geithner warns EU of 'catastrophic risk'...
Europe bristles at lecture...
US could be on hook for bailout… [ Come on! Let’s get real here! Pervasively corrupt, defacto bankrupt america can’t even bail itself out! ] ...
Eurozone possible nightmare scenarios...
NEW 'WAVE OF FORECLOSURES'...
BIG JUMP IN JOBLESS CLAIMS...
INFLATION RISES...
SOLYNDRA among 5 stimulus firms to go under...
Intimidation / Bullying: israel warns of 'harsh' consequences of Palestinian UN bid...
Wobama: ‘GIVE ME A WIN, GIVE ME A BREAK, LOVE ME!'
Cherokee Indians say they can kick blacks out of tribe… [ This should go without saying; after all, while blacks may be u.s. citizens, they’re certainly not Cherokees … let’s get real here – let the u.s. government retroactively honor their many treaty obligations / violations to the native inhabitants of this land from whom such lands were stolen! ] ...
Geithner: Economy In 'An Early Stage' Of Crisis...
'Hoping for sometime' to get fired...
Dem Rep: Americans don't deserve to keep all of their money...
MOODY'S downgrades 2 French banks...
International alarm over euro zone crisis grows...
Europe's banks staring into abyss...
PLO: Palestinian state to be Jew-free [ Sounds like a Plan … for peace, peace of mind, and prosperity! ] ...
BILLIONS AND BILLIONS: GE to Buy Back Shares From Buffett...
Rumsfeld cancels NYT subscrip over Truthful Krugman piece...
100 protesters burn American flag outside U.S. embassy in London...
Israel facing 'diplomatic tsunami' with Arab neighbors...
Crisis threatens Mideast ties...
US pleas ignored as mob attacked...
Warning of 'orderly default' on Greek debt...
KRUGMAN: Bush, Giuliani 'fake heroes' who cashed in 'on horror'...
BUSH [ Yeah! bush indeed knows all about this because he is evil and lacks courage! ]: 'One of the lessons of 9-11 is that evil is real, and so is courage'...
$447B JOBS BILL: $421B FROM TAXPAYERS...
BILL SHIFTS INCOME CUTOFF DOWN TO $200,000...
JUST $40B COMES FROM OIL, GAS TAXES...
TAB FOR CORP JET OWNERS: $3 BILLION...
Obama to Tout Jobs Act at Donor's Company...
ITALY TURNS TO CHINA FOR BAILOUT
Jordan Abdullah: Israel situation more difficult than ever... [ Op-ed: israel doesn’t really want peace http://www.ynetnews.com/articles/0,7340,L-4118832,00.html ]
Russia supports Palestinian statehood...
U.S. BOOTS ON THE GROUND IN LIBYA...
NOONAN: We'll Never Get Over It...
NYPD launches Its Own Navy, 1,000-Man Army, Tanks...
'Dirty Bomb' Fears...
NBCNEWS TWITTER account hacked, published fake terror alert...
Egyptian protesters pull down Israel embassy wall … [ Congratulations! Well Done! ] ...
STOCKS SLAMMED...
Obama jobs package fails to lift spirits...
Global slide...
Berlusconi says has 'no power' as Italy crisis bites...
Greek PM to give speech amid hostility...
World Enters 'Dangerous New Phase'...
'Collectively suffering a crisis of confidence'...
FBI raids Obama-backed solar company...
SOLYDRA reps made 20 trips to WH before $500M award...
Fed court tosses out 2 challenges to Obamacare...
Panel of 3 dem-appointed judges, including 2 appointed by Obama...
Afghan journalist killed by US soldier...
ANOTHER $300 BILLION...
'It might not create a single job'...
Makes 'whopper' claim about middle class tax cut...
CARNEY: 'I'm going to shuck and jive'...
TV stations pick football over another Obama jobs speech… [ Indeed they should .. wobama’s total b***s***! ] ...
ACLU to sue over welfare drug testing… [ No constitutional issue here .. Reason? Welfare isn’t a right! Moreover, such a law deters those who would fail such a test from applying which therefore understates the prevalence of the abuse in these difficult fiscal / economic / budgetary times ]...
California Employment Level Sinks to Record Low ...
Iceland says it was 'bullied' over bank debt...
46 People Shot In NYC Over Holiday Weekend...
Gunfire erupts near Bloomberg in Brooklyn...
7 Killed in Chicagoland...
40% of Europeans 'suffer mental illness'...
Gunman unloads inside IHOP...
9 shot, 3 killed...
2 dead were National Guardsmen in uniform...
NO REAGAN, NO CLINTON...
Another all-time low...
US on wrong track say 75% -- of Californians!
Redford disappointed: 'I'm beginning to wonder just where the man stands' … [ I believe Robert Redford would be a very good and potentially great President! (nothing to do with his position on the environment) ] ...
Stocks Lose for Week as Recession Fears Grow...
Roubini: We Are in 'Worse Situation' Than '08...
More and more Americans call long-stay motels home...
USA: $10 TRILLION IN DEBT…[ Far more than that is the reality ]...
Gov't Battles Copper Thieves...
Miami Proposes 'Task Force' To Combat Thefts...
FAKE CITY WORKER ARRESTED STEALING IRON GRATES...
Power lines in Indiana stripped....
China state paper urges Internet rethink to gag foes...
Obama Calls for Extension of Gas Tax...
Hits all-time low approval among women...
SUMMER BUMMER: Stocks Log Worst August in 10 Years...
Solar company touted by Obama closing -- despite $535 million from feds...
1,100 'green jobs' gone...
POVERTY IN PARADISE: Joblessness in some parts of Vegas exceeds 20%...
RANGE DAYS: 3D head-mount like 'sitting in theater'...
August deadliest month for USA in Afghanistan… [ 66 u.s. soldiers killed ]...
FINAL 'FINAL' BATTLE IN LIBYA...
REBELS GIVE GADDAFI UNTIL SATURDAY TO SURRENDER...

ISRAEL MOVES SHIPS; IRAN MOVES SHIPS
Russia, China wisely, rationally resist U.N. Syria sanctions push...
Ron Paul: Mobs In Europe A Sign Of Things Coming (already here)...
Euro bailout in doubt as 'hysteria' hits Germany... ‘German Chancellor Angela Merkel no longer has enough coalition votes in the Bundestag to secure backing for Europe's revamped rescue machinery, threatening a consitutional crisis in Germany and a fresh eruption of the euro debt saga…’
GALLUP: OBAMA DISAPPROVE HITS ALL-TIME HIGH...
NY economy takes huge hit...
ALARM: CHRISTIE SAYS DAMAGES IN BILLIONS, 'IF NOT IN TENS OF BILLIONS'...
Mental illness rise linked to 'climate change'...
Teen girl paralyzed, 10 others wounded at 'Drama Free' party... ‘A Queens party advertised on Facebook and Twitter as "Drama Free" turned into a shooting gallery early Saturday. Eleven young people were shot, including a teenage girl left paralyzed, when a gunman opened fire into the crowd. About 100 people were packed into the backyard of the single-family home on Inwood St. in South Jamaica shortly before 1 a.m., when the shooter sneaked up a back alleyway and opened fire into the yard through a chain link fence…’ Read more: http://www.nydailynews.com/news/ny_crime/2011/08/28/2011-08-28_11_shot_at_drama_free_qns_party.html#ixzz1WOiqvmx3
China jails Tibetan monk for 11 years...
Gaddafi 'seen in Zimbabwe on Mugabe's private jet'...
BUFFETT BUYS BILLIONS IN BANK...
EARNS $280M -- IN A DAY!
Obama called Oracle of Omaha before big buy...
Buffett to Host Fundraiser...
Fukushima radiation leaks 'equal 168 Hiroshimas'...

New home sales on pace for worst year in history...
NATIONAL DEBT RISES BY $3 MILLION EACH MINUTE...
Obama sets record: $4,247,000,000,000 debt in just 945 days...
STEVE JOBS: iRESIGN
LETTER... [ More than just a ‘Silicon Valley legend’, Steve Jobs literally saved Apple from extinction … I’m truly glad he saved Apple, my first computer (1986 - apple IIc for word processing / data based records / forms / templates / data which I interfaced with an electric typewriter for letter quality) and for that all should be thankful. Apple is the Nasdaq (40% weighting) and quite more, that now was! ]
YORK: Spending, not entitlements, created huge deficit...
$500,000 federal stimulus grant created 1.72 jobs...
GE cutting more jobs...
FLASHBACK: Moving X-ray business to china...

Strong East Coast quake highly unusual...
DETAILS...
Felt from Toronto to Atlanta...
Epicenter VA...
Felt In Chicago...
Airports Close...
CELLPHONES OUT...
Nuke Plant Shuts Down...
VIDEO: Vacant White House Shakes...
VIDEO: Obama Takes Quake Call on Links...
Stones fall off National Cathedral...
WASHINGTON MONUMENT 'TILTING'?...
HOMELAND SECURITY'S QUAKE ADVICE: DON'T CALL...

5.8 MAG QUAKE ROCKS DC-NYC
SEE YOU IN SEPTEMBER...
Buchanan: The view from Martha's Vineyard... ‘As he and his daughters bicycle around the summer playground of the Northeastern elite, Martha's Vineyard, President Obama is steadily bleeding away both the support of the nation and that of his most loyal constituency. Several times, his approval rating in Gallup's daily tracking poll has sunk to 39 percent, with disapproval reaching 54 percent. Support for his handling of the economy has dipped to the mid-20s. Only 11 percent of Americans, says Gallup, are satisfied with the way things are going. Unemployment remains at 9 percent, as it has for two years. The Dow has lately lost 2,000 points, or $3 trillion in wealth wiped out. All that money the Fed pumped out is now being reflected not only in the price of gold, silver and Swiss francs, but in rising consumer prices – inflation. One in five U.S. children is living in poverty…’
SANTORUM: 'maxine waters is vile' [ she’s worse than that, and a total embarassment for america and california particularly! ] ...
Maxine Waters: 'The tea party can go straight to hell'...
Tea Party fires back...
MORGAN FREEMAN TELLS OBAMA TO 'GET PISSED OFF' [ sounds like a plan … nigger to nigger … the nigger plan! ] ...
Philadelphia extends curfew after flash mobs [ new u.s. Christmas carol – ‘america’s beginning to look a lot like sub-saharan africa, everywhere you go’ . They are beasts of burden at most who are a burden to most at best … you’ll never change the nigger who evolved only to a point! Think about all those ‘make-work’ jobs for niggers that serve no real economic purpose; ie., federal, state, local, uspostal service, etc.. And, they can’t even do those jobs reliably, efficiently. Niggers are a drag on civilized society! ] ...
Black congresswoman blames black unemployment on 'racism' (riiiiight! The race card … how ‘bout reality) ...
'The real enemy is the Tea Party'...
6 shot at youth b'ball game (black violence in ‘the city that loves brothers’ – Philly)...
'REGIME COMING TO END'
Unit protecting Gadhafi surrenders...
Libyan Rebels 'Capture Son'...
'End of regime in 10 days'...
'1,300 dead' in attack on Tripoli...
NATO racing to wrap up...
UPDATES...
AL JAZEERA LIVE...
NEXT: Syria warns against military intervention...
REVEALED: Wall St Aristocracy Got $1.2 Trillion in Fed's SECRET Loans...

OBUMMER SUMMER: DOW DOWN ANOTHER 400
JOBLESS CLAIMS UP...
Inflation rising fast...
Treasury Yields Fall to Record Lows...
What went wrong with global recovery?
Police scramble to fight flash-mob mayhem...

TROOPS IN AFGHANISTAN 'UNTIL 2024'...
GM says bankruptcy excuses it from repairs...
GOV'T MOTORS stock hits new low...
Dollar Sets New Record Low Against Yen...
Putin Calls USA 'Parasite'...
israeli raid strains ties between Egypt and israel...
Ridley Scott to direct new version of 'BLADE RUNNER'...
NASA REPORT: Aliens may destroy humanity to protect other civilizations … [ Naah! Really don’t have to .. confined to this solar system, by hand of God or man, we’re only talking decades at most ] ...
APPROVE: (now 39%) 42%
Return of Mass Layoffs a Grim Sign...
MOODY'S Cuts U.S. Growth Outlook...
WALMART warns on US economy weakness...

BELOW 40%
WORST WEAK
Putin sets sights on Eurasian economic union...
Gorbachev: I should have abandoned Communist party earlier...
'MAGICAL MISERY BUS TOUR'...
'Greyhound One'...
Armored Buses Cost $2.2 Million...
BLACK CAUCUS ON OBAMA: 'WE'RE GETTING TIRED' [ Not as tired of wobama’s b***s*** / excuses as the ‘White Caucus’ and any other Caucus – but, don’t be taken in by their b***s***; they’ll ‘back the black’ every time, regardless! ]

New low of 26% approve of Obama on economy...

Inflation builds...
FOOD PRICES RISING...
UNEMPLOYMENT UP...

OBAMA TO LAY OUT JOBS PLAN -- AFTER VACATION...
'Takes More Vacations Than Any Human Being I've Ever Seen'...
Commiserates with jobless, then off to the Vineyard...

Roaming Pack of Thugs Attacks 64-Year-Old Man, Steals His Bible [ Yes, you guessed it! The thugs … they’re niggers! ] ...
Obama: I Reversed Recession Until 'Bad Luck' Hit...

OBAMA'S GREEN PET GOES BANKRUPT...
Got stimulus cash, promised 800 jobs...

Kansas City mulls curfew after racial attacks...
Mayor gets shoved to ground when gunfire erupts...
VIDEO...
Flash mob robs DC-area 7-ELEVEN...
Boy Stabs Girl At Philly Mayor ANTI-VIOLENCE Event...

Detroit Police No Longer Responding To Automated Burglar Alarm Calls...

AP: Ron Paul no longer 'fringe'...
'Shafted' by media...

RON PAUL WEEKEND WINNER IN AMES?

TEEN UNEMPLOYMENT HITS 50% IN DC

CONSUMER CONFIDENCE CRASHES...
Lowest since Jimmy Carter...

APPEALS COURT: OBAMACARE UNCONSTITUTIONAL...
Dem Judge Rules Against Obama's Signature Achievement...
'Unbounded assertion of congressional authority'...

Emergency Decree: Italy Approves Tough Austerity Measures... Developing...
RIOTS BREAK OUT AROUND GLOBE AMID ECONOMIC ANXIETY

Dollar Tumbles on Fed Pledge; Swiss Franc Soars Most Since 1971...

Merkel faces revolt over eurozone deal...

Philadelphia Implements Strict Curfew To Combat Violent Mobs...
MAYOR TO BLACK YOUTH: 'You have damaged your own race'...
OBAMA APPROVE HITS NEW LOWS...
'There is something wrong with our politics'[ Yeah! You, among many others! All those false campaign promises, etc.! ] ...

6 YEAR OLDS CAUGHT WORKING ON FARMS...
Thirty-year Treasury yields rise most since 1980s...
CHICAGOLAND: State can no longer afford to bury dead poor...

Feds Called In To Curb 'Wild West' Violence In E. St. Louis...
REPORTS: Olympics ambassador is London rioter!
5 more US troops killed in Afghanistan...

SAVE THE EURO: Sarkozy, Merkel in emergency meeting...

HYPERSONIC PLANE LOST (What was the cost?) ...
REPORT: ENTIRE US STEALTH FLEET GROUNDED...

OBAMA CONSIDERS BECOMING NATIONAL LANDLORD...
Still going on vaca...
Approval: 40%...
Highest approval among Muslims...
WRONG TRACK: 73%...
Obama Marks Ramadan with Iftar dinner...

BANK STOCKS PLUNGE...
MOODY's warns states, local govts...
Treasury sells 10-year notes at record low rate...

SONY 'CLASSIFIED' BIN LADEN MOVIE;
WHITE HOUSE REJECTS FAVORS CLAIM

UK locks down as nights of unrest spread...
Manchester riots on scale not seen in 30 years...
Rioters rob people on street, force them to strip naked...
DOW -634...
CURSED: S&P falls 6.66%
IT TANKED AS HE TALKED...
BARACKALYPSE NOW

CHINA: Dollar to Be 'Discarded' by World...
Lectures How 'Good Old Days' of Borrowing Have Ended...
NOW BUFFETT DOWNGRADED!
Tel Aviv stocks fall 7% after USA debt downgrade...
Nikkei drops 2%...
Wall St braces...
European leaders scramble to calm investors...
S&P: 1 in 3 chance USA will fall ANOTHER notch!
Recession without shock absorbers...
Gold soars above $1,700...
PRE-MARKETS... DEVELOPING...
BLOODY WEEKEND

USA DOWNGRADED: FIRST CREDIT RATING CUT IN NATION'S HISTORY...
DETAILS [.PDF FILE]...
DEMOCRATS CALL FOR HIGHER TAXES...

CHINA: 'Good old days' of borrowing are over...

LONDON BURNS...
...the underclass lashes out
Violence continues...
Rioting spreads beyond capital...
DAY 3...

Riot Hits London After Police Shooting...
...shops looted
RAMPAGE...
Fears of more...
DOWNGRADED!
DETAILS [.PDF FILE]
FLASHBACK: 'No risk' USA will lose its top credit rating, says Treasury's Geithner … [ Well, we all know the powers of foresight possessed by ‘no-recession-helicopter ben’ and tiny tim geithner ] ...
FOOD STAMPS: Record 45.8 million dependent...
One in seven Americans...

Postal Service warns it could default…[ No surprise here .. the usps is totally unreliable! ] ...
Post Office proposes cutting 120,000 jobs, pulling out of healthcare plan …[ Let UPS take over the usps! ]...
Controversy over White House 'Hip-Hop BBQ'...

'Mob' beatings at WI state fair...
'Hundreds of young black people beating white people'... [ Typical n*****s! Good thing there are food stamps; otherwise they’d be reverting to their inherent proclivity for canabalism (send them back to africa … even give them a lump sum for an irrevocable repatriation incentive … a huge cost-saving beyond the first year with substantial salutary effects for the nation, the economy, and the remaining civilized non-blacks). The other major crimes they do anyway. It’s their nature. You’ll never change the nigger … they evolved only to ‘a point’ and no further. ]
Fairgoers 'pulled out of cars'...
'They were just going after white people'...
Heightened security...

[ I refrained from using the ‘n word’ (or even blacks / negroes) in referring to the culprits in the following two incidents (those tender sensibilities) but I’m sure you’ve guessed that they were niggers and I include same here in light of the foregoing incident (and yes, the victims were white), which is typical. ‘.. while walking through Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion (limbic system / adrenalin flow) I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped / a crowd gathered / an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA’s position with both felonies ( he went to prison – pled out ). The other case I wrote about here ( This was included on my website in the Psychology forum discussion of ‘bystander effect’ / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparently had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp (a police officer here in California was the object of intense criticism for having used a flashlight to subdue a criminal / nigger after a long chase so I included that here) . The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal / nigger went to jail (where they belong). The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). ]

UGLY!

DOW PLUMMETS 512...
OBAMA HAS BBQ COOKOUT...
GAINS FOR YEAR GONE...
'CORRECTION'...
PANIC RIPS THROUGH GLOBAL MARKETS...
Intervention fails to quell nerves...
'NOT SINCE JIMMY CARTER'...
Military money on chopping block...

Grim economic news clouds Obama 50th...

Two-year Treasury yield drops to record low...
RACE TO CASH: Bank imposes fee on rapidly growing deposits...
DEM RUNS FROM OBAMA...
Leaders Issue Warning on Joblessness...

Woman dies from heat after AC stolen...
San Fran tourist mugged of money, clump of hair...
RENTER STEALS AC, SELLS FOR GAS MONEY...
HUMAN HAIR TRADE SURGES...
Bronze Dog Statue Stolen From Humane Society...
Thieves steal school's bleachers!
Mom Arrested For Robbing Girl At Gunpoint -- For Bike...
10-Year-Old Boys Held Up For Sneakers At Summer Camp...
MOODY'S: 'NEGATIVE'

Massive rout spells trouble for Wall St...

Europe on Brink of 'Major Financial Collapse'...

DOW PULLS OFF A WIN! [ Based as usual on b***s*** alone! ]
Scary Chart Pattern Suggests More Selling on Way...
Economy struggles to find footing...
Obama, Bernanke out of ammo to boost jobs, growth...
Gold at $2,000 by year-end...

MORNING AFTER: BORROWING TOPS 100% OF GDP

European leaders feel the strain...
Berlusconi fails to stem rising panic...
'The coming crises of governments'...
Silent bank run hits Greece...
...exodus
Italy under fire...
Pain in Spain...
Woes Get Messier...

DEBT DEAL BACKLASH:
LIMBAUGH: A Total Waste of Time and Effort...
SAVAGE: America has been 'hoodwinked'...
DAILY SHOW: Where are the Tax INCREASES?
FT: Obama's image takes beating...
Ron Paul Sounds Alarm on 'Disturbing' Super Congress...
DER SPIEGEL: 'Civil War Atmosphere' in Washington...

Dollar falls to all-time low against Swiss franc...

PUTIN: USA 'parasite' on global economy... [Unfortunately, this is very true. More unfortunately is the fact that most worldwide don’t realize that fact! I mean, think about it: pervasively corrupt, defacto bankrupt america’s cancerous perma wars, over-printed debased ‘Weimar’ paper ‘reserve’ currency, huge frauds in securities and otherwise, etc.. ]

House approves debt deal -- day before deadline!
Borrowing to surge after cap raised...
May not save AAA rating...

BIDEN [‘Lobotomy Joe’]CALLS TEA PARTY 'TERRORISTS'[ Riiiiight, ‘Lobotomy Joe’; anything you say joe, now calm down… ]

Manufacturing drops to lowest level in two years...
'Double Dip Here'...
RI Town Files for Bankruptcy...

Dog Airlifted Out of National Forest After Growing Too Tired to Finish Hike... [ Just another dog day afternoon in pervasively corrupt, defacto bankrupt america. ]

SURVEY: Internet Explorer users have lower IQs...

GOP REVOLTS

Obama Threatens Another Veto...
Just hours after urging compromise...
Carney Admits Obama Has No Plan...

OBAMA'S BASE CRUMBLES

BALL IN YOUR COURT, HARRY[, aka Mr. Milktoast, aka Majority Leader of Harry’s Wh*r* House]!

SWEAT CEILING: House approves debt bill...
NO! 22 REPUBLICANS BUCKED BOEHNER...
DC racing against clock...

HARRY BELAFONTE: Obama 'has failed'...
NOONAN: 'HE IS A LOSER'...
GALLUP: 40% APPROVAL...

Obama takes debt battle to TWITTER, loses more than 33,000 followers...
NYT reporter advises WH staff?

Illegal Aliens Head South to Mexico in Search of 'American Dream'...
4.9% unemployment in Mexico vs. 9.4% in US...
Black Middle Class Eroding As Unemployment Rate Soars...

CHAOS... CLOCK TICKING... NO PANIC...
THE VOTE: 'TEA PARTY' IN CHARGE!
Boehner Delays Vote on Debt...
Limbaugh: We've Been Played...
GALLUP: Obama Rates Higher Than Boehner, Reid on Debt Situation!
Ron Paul: 'Default Is Coming'...
Treasury Contingency Plan on Debt Gives Priority to Bondholders...
Carney: If We Have No Other Alternative We Will 'Take Action'...
Obama faces legal bind if time runs out...

PELOSI: 'We're Trying to Save Life on Planet as We Know it'… [ Riiiiight! Keep feeding those perma wars despite bankruptcy of this nation … Is life as she knows it on this planet really death? … Why does ‘doo,doo,doo,doo’ to the tune of Twilight Zone Theme come to mind when hearing her total b***s***?…Oh, riiiiight! She’s caught wobamanoid fever ] ...
6 days from 'default', both sides scrambling...
FURY OVER STALEMATE BOILS OVER...

House Dem leader urges Obama to raise debt ceiling without Congressional approval...

SHOCK POLL: 46% Think Most in Congress Corrupt...
WASHPOST/ABC: Blacks, liberals flee in droves...
SANDERS: Obama should face primary challenger...

The Immelt Way: WH Advisor on Jobs Moving GE X-Ray Business to China...
OBAMA SECRETLY SIGNALS BANKS: 'NO DEFAULT'...
WH to FOXNEWS: 'Tell your viewers there's nothing to worry about'...
BORGER: 'Nobody today is talking about tax increases -- except Barack Obama'...
TWT: Liberals hijacking Reagan to raise taxes...
PANIC: WH'S PFEIFFER SAYS DEFAULT COULD LEAD TO 'DEPRESSION'...

CA seeks bridge loan to pay bills...
Guv OKs financial aid for illegal aliens...
Brazilian currency at highest level since '99...
USA Can Avoid Default 'at Least Until September'...
Obama still pushing for tax hikes...
Endorses New Plan with 'Sham' Savings...
'Cuts' include money not spent in Afghanistan over next 10 years...
BOEHNER: Plan 'full of gimmicks'...

'DOING THINGS ON MY OWN VERY TEMPTING' [Why would anyone believe or follow anything ‘wobama the b’ (for b***s***) says when his actions belying his words have led to this disaster? Hasn’t he ‘done things on his own’ and contrary to campaign promises leading to this debacle? Indeed, he cannot be trusted! ]
Widest wealth gap between whites, minorities on record … [and they’re thanking ‘wobama the b’ (for b***s***)] ...
DEPENDANT STATES OF AMERICA: Geithner Warns: 'We Write 80 Million Checks a Month'...

BOEHNER TO OBAMA: 'CONGRESS WRITES THE LAWS, YOU DECIDE WHAT YOU WANT TO SIGN'...
...President 'worried about his next election'

...Putin considering Kremlin return
Pelosi splits, heads to fundraiser...
CNN: OBAMA LOSING LIBERALS...
Farm thieves target grapes, avocados -- even bees...
Thieves target ambulances...
Thieves Steal 100 Storm Drain Covers In Sacramento...
RASMUSSEN SHOCK POLL: Obama 41% Ron Paul 37%...

DEBT DEAL DEAD...
BOEHNER WALKS...

80+ DEAD IN NORWAY

Terrorism shatters peace in home of Nobel prize...
NYT: 'Helpers of Global Jihad' claim...
Fake cop opens fire at youth camp...
'Tall, blond, of Nordic looks'...
REUTERS UPDATE...
BBC LIVE...
Obama, Boehner discuss new debt plan... Developing...
PRESSURE: S&P renews warning...

SCORCH: HIGH TEMPS TO LAST WEEKS...
Now covers 1 million sq miles...
NEW YORKERS WARNED TO EXPECT ROLLING OUTAGES...

Rolling Blackouts Begin In Detroit...

Fears mount about 'Big Brother' database in Massachusetts...
Florida made $63M selling names, addresses, dates of birth...
Latin America Lectures US over Debt Crisis...
US talks get 'messy'...
Obama now open to short-term deal...

Euro meltdown: Sarkozy jets into Berlin for crisis talks with Merkel...
24 HOURS TO 'SAVE GREECE'...

Ron Paul: 'We Will Default, Debt Is Unsustainable'...
DEAL: SENATE HUDDLES TO HIKE TAXES...
Obama praises...
RESTATES THREAT TO VETO SPENDING CUTS...
LIBS EYE DEEP CUTS TO NATIONAL DEFENSE...

Cash-Strapped Connecticut Fire Sale, To Axe 365-Year-Old Ferry, Nation's Oldest...

OBAMA MAKES JOKE; NO ONE LAUGHS...

Gold Has Longest Run of Gains Since 1980...
Gas prices on the rise; top $4 in eight states...

Cash-Strapped SF To Shutter Courtrooms; Lay Off 200 Court Workers (and yet another feinstein? From direct experience with the superior courts of california, no loss here, and eliminating them entirely not a bad idea in light of their costly corruption as in the federal system! )...
DEM FLASHES RACE CARD IN DEBT DEBATE...[ Oh come on! This jive-talking, failed ‘president’ has been indulged in every way imaginable and possible (all those false campaign promises that got him elected, etc.). He may not have been the first (clinton has been said even by blacks to have been the first ‘black president’), but he most assuredly is the last black president, fitting every negative stereotype imaginable including racist hypocrisy. UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud )THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
'Only THIS president has received the kind attacks and disagreements'...

BOEHNER: HE HAS NO PLAN... [ It’s true; ‘wobama the b’ (for b***s***) has no plan whatsoever. Ask Mr. Teleprompter. ]
KRAUTHAMMER: CALL THE BLUFF!

Feds Issue Warning After 4 Mailboxes Lifted From Post Offices...

O'DRAMA...
'ENOUGH IS ENOUGH'...
WALKS OUT OF WHITE HOUSE MEETING...
'DON'T CALL MY BLUFF'...
REID CALLS CANTOR NAMES...
CAMP DAVID SUMMIT?
BOEHNER: NO NEED...

MCCONNELL: GOP won't be 'tax collectors for Obama economy'...
Hometown congressman tells Obama to 'quit lying'...
PELOSI: 'Almost too busy' to continue debt talks...
GEITHNER: Out of time...
Cash-Strapped NYC Fines Man $2,000 -- For Not Watering Beehive?

STUDY: Black men survive longer in prison than out...
Man falls into Maui blow hole, disappears...
PRESSURE: MOODY'S PUTS USA ON DOWNGRADE WATCH

Boehner Rails on Obama: 'Like dealing with Jell-O'...

WH Cracks Down on Press: No Yelling at Obama Today...
President 'chafes' at unscripted questions...

BERNANKE BARKS BACK AT PAUL...
Fed May Launch New Round of Stimulus...
DOLLAR TUMBLES...
Putin calls Feds 'hooligans'...

Gold hits new high...
DEBT TALKS BREAK DOWN...
McConnell: Deal Not Possible With Obama … [ I think this shoe fits wobama ... African-American unemployment at 16% ... (But there’s rationality in this stat as people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. Then there’s the attitude. I truly believe from direct experience that even when their outright aggression, assaults on persons and the senses, and otherwise obnoxious behavior is not apposite, the personality disorder ‘passive / aggressive’ is applicable, however indirectly expressed.) ] ...
'Backup plan'...

OBAMA THREATENS TO HOLD UP SOCIAL SECURITY CHECKS
RUBIO: Every Aspect of Life in America is Worse Since Obama Took Over...
GE Immelt lectures biz owners: 'Stop complaining about government'...
FLASHBACK: (GE )Company Paid NO TAXES Last Year...

OBAMA: LET'S STAY IN IRAQ...
FLASHBACK: 'I intend to remove all U.S. troops from Iraq by the end of 2011'...
KARZAI'S BROTHER ASSASSINATED IN KANDAHAR...
Gunned down in home by bodyguard...
'Huge boost for Taliban'...
Obama 'far apart' from Republicans on debt deal...
Boehner: Debt Deal Not Imminent...
TORMENT @ 9.2%

State and local governments bleeding jobs...
Top Obama adviser says unemployment won't be key in '12 … (riiiiight!…talk about wishful thinking and self-delusion)...

BUCHANAN: DC Establishment 'in Panic'...
S&P WARNS GREECE OF DEFAULT -- EVEN WITH BAILOUT!
'Impossible knot'...
SANTELLI: 'The answer is easy: Spend less!'
Italy's borrowing costs soar...
Berlusconi appeals for national unity and 'sacrifices'...

New Fears on Italy Jolt Europe...
Soros: Europeans now need 'plan B'...

Mob Of Teenage Girls Attacks Minneapolis Mom, 4-Year-Old Daughter...

Air Conditioner Thieves Hit 7 Churches In Texas...

THEY'RE HERE! [ Uh! That ‘nausea’ factor; though not nearly of the magnitude of america’s unctuous duo, ‘wobama the b’ (for b***s***) and michelle his belle (see infra). After all, the cloyingly cutesy couple from across the pond is hardly in a position to do damage as are the wobamas. Yet, one must ask: just what exactly are they? Mascots? Non-emmissary emissaries? Indeed, in this economy it’s quite embarrassing for members of the so-called commonwealth, struggling economically and otherwise, england/uk being no exception (royals wealth’ is ultimately the product of common expense) to be celebrating celebrity for the sake of nothing more than celebrity. Worse is the pathetic display here in the defacto bankrupt disunited states (uk not much better and in many ways worse) relative to their former colonial masters. Then there was that ostentatious marriage display so well publicized even as the uk’s (eu, u.s. et als) ‘rank and file’ are sacrificing and the respective nation states crumbling. Even so-called celebrities here shun such meaningless displays of themselves and at least serve a cinematic (art form) purpose. Truth be told, I bear them no ill will; but, I bear them no good will either. After all, quite simply, they are but a meaningless, extravagantly costly welfare couple that are simply irrelevant. How pathetic and embarrassing for their fans, followers, onlookers and their liege. And, though I’m biased (I think Grace Kelly to have been the most exquisite of creatures to have graced this earth – Alfred Hitchcock with an eye for such things thought so too and said as much), clearly Prince Albert of Monaco and his bride’s wedding was tastefully and not cloyingly about right. Now that’s real royalty via Grace Kelly; with a purpose; the management / leadership of a prime travel / gambling / entertainment / resort destination; viz., Monaco. ]
BOEHNER: Taxes 'off table'...
Debt Talks Turn to Social Security Cuts...
CHARGE: Bypassing Congress to raise debt would be 'impeachable'...

Mullen Accuses Tehran of Arming Iraq Militias… [ Riiiiight! Iraq’s the ‘boogey-man / bad guy’ in Iraq … not war crimes nation america which invaded based on known lies ] ...

LONDON BRIDGES FALLING DOWN:
Coulson 'to be arrested tomorrow'...
Gov't decision on SKY takeover 'delayed'...

UPDATE: China warns U.S. officials not to meet Dalai Lama...

CHICAGOLAND: THIEVES STEAL ENTIRE A/C UNITS FROM HOUSES

UPDATE: Teen Dead After Beach Brawl...
Wisc beating victim: 'They just said "Oh, white girl bleeds a lot"'...

US Lawmakers Accuse DOJ of Cover-up in Botched Gun-Running Op...
CA Prison Shrink Paid $838,706 Last Year...
CA companies flee state...
No recession for 454 White House aides: They'll make $37,121,463 this year...
United States of 'gloom'...

Iran Ridicules: America is Not Independent...

SHOCK: Father with HIV raped 6-month-old son...

MEDIA BLOWS IT, AGAIN...
NANCY GRACE LEFT SPUTTERING: 'SOMEWHERE OUT THERE, THE DEVIL IS DANCING TONIGHT'...
Attorney: Case Was 'Media Assassination'...
'Now you have learned a lesson'...
CBS host breaks down...
'TOT MOM' CLEARED BY COURT...

JURY: NO MURDER!
Only guilty of lying to cops...

Portugal's Debt Downgraded to Junk...
CHINA: USA 'ALREADY DEFAULTING'...
DOLLAR TO 'LOSE RESERVE STATUS'

Economy Expected to Have Major Slide in Months Ahead...
NEW IMF CHIEF FROM CHICAGOLAND...
MARK HALPERIN CALLS OBAMA 'A DICK' ON LIVE TV...
POLL: Obama 42%, any Republican 46%...
Campaign signals fundraising fail...
UPDATE: Minnesota Government Shuts Down...
Washington state closes tourism office...
Florida state workers get pink slips, more cuts ahead...

FEDS STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...

SoCal Looks to Secede from California...

REPORT: U.S. Air Force, Navy still flying hundreds of missions over Libya...(FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...)
GETTING NERVOUS

NEWT: Obama 'most successful food stamp president in American history'...

Bachmann: Media wants 'to see two girls come together and have a mud wrestling fight'…[Well, I don’t know about the mud wrestling, but voyeurs all, ‘come together’ sounds about right … playing ‘victim’ does not become a presidential candidate. ] ...

Palin: Hollywood stars as 'full of hate'... ["What would make someone be so full of hate?" palin asks … answer: resistance to someone as dumb and full of war-mongering hate as she is! ]

REPORT: NATO forces ARE trying to assassinate Qaddafi...

Los Alamos under siege from wildfire...
'Throwing absolutely everything at this that we got'...

BLAGO LIKELY HEADED TO PRISON...
'What happened?'
But he gets to keep his hair...
Fitz finally wins one!

GUILTY IN CHICAGOLAND...
17 of 20 counts...
Tried To Sell Obama's senate seat...
Jury DEADLOCKED on Rahm shakedown...
Blago to lawyer: 'What happened?'
'Stunned'...

JOBLESS WEAK: 429,000...
...disappointed
Economic trouble puzzles Fed chief...

FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'...
THE NEW 'NORMAL'
GALLUP PLUNGE...
Approval -4, disapproval +5 -- in one day!

DOWN TO THIRD: USA 'TO FALL BEHIND INDIA' IN TRADE...
DEM FIX: MORE SPENDING!
Bernanke speaks, stocks sink...
FORBES: 'Admits he's clueless'...

CBO: Long-Term Debt Picture Worsens...
Would reach 101% of GDP by 2021...
STUDY: State, local gov'ts must raise taxes $1,400 a year for 30 years to fund pensions...

Millionaires shrug off downturn; Wealthy richer than before crisis...

Zuckerman: 'We now have more idle men, women than at any time since Great Depression'...

SHOCK POLL: ONLY 3 in 10 WILL VOTE FOR OBAMA...
66% say US headed in 'wrong direction'...

Greece Agrees on New Austerity Plan With EU, IMF...
ANGER IN ATHENS...
'BLACK HOLE'...

WH TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private sector jobs. (Laughter.)'...

REPORT: GANNETT to slash more jobs across the country… [ No surprise here for this pathetic shill, rag publisher. The only real newspaper consistent with a tradition of courage, excellence, and respect for the first amendment is The Washington Post …] ...

DEBT TALKS BREAKDOWN; TAX BUST

S&P: Risk of U.S. credit rating downgrade increased...

Chicago county faces $108 billion gap in pensions....

Greek Streets 'Explosive'...
PM wins confidence vote 'but outlook remains dire'...

Huntsman announces presidential bid at Statue of Liberty...
Harry Reid endorses...
Bachmann surges to primary lead...

Iraq hunting $17 billion missing after U.S. invasion...
NATO NIGHTMARE: 9 CIVILIANS KILLED [NATO strike kills 15 Libyan civilians]

Census: Whites lose majority among babies...
German Giant Says US Workers Lack Skills...
PAPER: AMERICA'S LOST DECADE?
States look to Internet taxes to close budget gaps...

SPANIARDS ON MARCH OVER BLEAK PROSPECTS...

House will move this week to limit funding for effort in Libya...

'DON'T BE SURPRISED IF ATHENS GOES UP IN FLAMES'...
GREEK PM PLEADS FOR UNITY!
...warns against default
Threat to downgrade Italian debt raises contagion fears...
Princess Diana Conspiracy Movie Headed to Theaters... [ Uh, oh! Time to gear up the already harsh ‘censors’ in england. ]

PAPER: AMERICA'S LOST DECADE?

Bachmann: Obama 'has failed' blacks, Hispanics... [ Come on! ‘Wobama the b’ (for b***s*** has failed everyone. ]
Presidential no-show miffs Hispanics...
African-American unemployment at 16%... [ But there’s rationality in this stat as people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. Then there’s the attitude. I truly believe from direct experience that even when their outright aggression, assaults on persons and the senses, and otherwise obnoxious behavior is not apposite, the personality disorder ‘passive / aggressive’ is applicable, however indirectly expressed. ]

SHE'S OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!) ...
Michelle Obama Admits: 'Fortunately, We Have Help From The Media'...
CHICAGOLAND: Rahm's Top Cop Blames Gangs, Crime on 'Gov't-Sponsored Racism'...
Likens federal gun laws to 'racism'...

Teen Mob Of 50 Hits Chicago WALGREENS...
Teen brutally beaten by mob of blacks; cops mull 'lynching' charge...
Princess Diana Conspiracy Movie Headed to Theaters... [ British queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by security scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ … that is … Diana film causes stir at Cannes “Unlawful Killing” has a combination of celebrity, controversy and canny hype-mongering. (Washington Post) [ Let’s not kid ourselves … and, Dodi Fayed’s father was no dope and knew the score. Indeed, it’s not coincidental that William’s the over-riding favorite of granny Liz II; after all, Harry’s the bastard son of Hewitt (don’t buy into their DNA proffer which they did buy – you know, that ‘bloodline thing’). Moreover, it was reported that Diana had another ‘potential challenger in the oven’ at the time of her death and we all know how dicey such english affairs of state can be (ie., Henry VIII, Richard III, etc.). Then there’s the contempt of Diana for having brought the son of her bosom, Chas, down. Do I think she said flat out ‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als. Ultimately, William will require some substantial therapy to sort out this looming conflict. After all, Diana was his mother. Drudgereport: British woman decapitated in grocery store; killer flees with head... Cannes: Diana doc slams UK royals as 'gangsters'... ]
Drudgereport: Protesters burn American flag during Obama visit to Puerto Rico -- a U.S. territory... [ I find even his retirement costs objectionable. Obama: My family is ‘fine’ with one term Politico | President Barack Obama says his family is “not invested” in a second term. The unctuous pandering by the wobamas is nauseating. And, michele’s fundraisers? What’s up with that? Wobama’s such a glomming golem / slug. Obama says if he were Weiner, he’d resign President Obama on Monday waded into the debate over whether embattled Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The Naked Emperor Shocking but true revelations from David Icke| ..Obama is just more of the same, a big smile with strings attached, and controlled completely by those that chose him, trained him, sold him and provided his record funding, kept his many skeletons under wraps, like the gay sex and crack cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp, who is alleged to claim that someone claiming to represent me called asking for $100,000, to keep me from coming forward about our (Obama and I) November 1999 encounter of sex and cocaine use?), ... Obama is just another Banksters' moll prostituting himself .., and that's why he supported the grotesque bail-out of the banking system and why he will always put their interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv

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